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Commitments, Contingencies and Credit Risk (Tables)
12 Months Ended
Dec. 31, 2023
Commitments, Contingencies and Credit Risk  
Schedule of commitments outstanding

The following commitments were outstanding at December 31, 2023 and 2022:

December 31, 

December 31, 

(dollars in thousands)

    

2023

    

2022

Unfunded Commitments Under Lines of Credit

$

546,632

$

848,734

Letters of Credit

 

103,289

 

115,769

Totals

$

649,921

$

964,503

Schedule of balance and activity in the allowance for credit losses for off-balance sheet credit exposures

The ACL for off-balance sheet credit exposures was $3.0 million at December 31, 2023 and is separately classified on the balance sheet within other liabilities. Prior to the adoption of CECL, the Company’s ACL for off-balance sheet credit exposures was not material. The following table presents the balance and activity in the allowance for credit losses for off-balance sheet credit exposures for the year ended December 31, 2023:

(dollars in thousands)

December 31, 2023

Allowance for Credit Losses:

Beginning Balance, Prior to Adoption of CECL

$

360

Impact of Adopting CECL

4,850

Provision for (Recovery of) Off-Balance Sheet Credit Exposures

(2,225)

Total Ending Balance

$

2,985