Loans and Allowance for Credit Losses

Summary of aging in past due loans and nonaccrual status, with and without an ACL, by loan segment

The following tables present the aging in past due loans and nonaccrual status, with and without an ACL, by loan segment as of March 31, 2024 and December 31, 2023:


	Accruing Interest
			30-89 Days		90 Days or		Nonaccrual		Nonaccrual
(dollars in thousands)	Current		Past Due		More Past Due		with ACL		without ACL		Total
March 31, 2024
Commercial	$	482,894	$	—	$	—	$	—	$	175	$	483,069
Construction and Land Development		200,896		—		—		—		74		200,970
1-4 Family Construction		65,606		—		—		—		—		65,606
Real Estate Mortgage:
1-4 Family Mortgage		417,773		—		—		—		—		417,773
Multifamily		1,389,345		—		—		—		—		1,389,345
CRE Owner Occupied		182,589		—		—		—		—		182,589
CRE Nonowner Occupied		1,035,702		—		—		—		—		1,035,702
Consumer and Other		9,151		—		—		—		—		9,151
Totals	$	3,783,956	$	—	$	—	$	—	$	249	$	3,784,205


	Accruing Interest
			30-89 Days		90 Days or		Nonaccrual		Nonaccrual
(dollars in thousands)	Current		Past Due		More Past Due		with ACL		without ACL		Total
December 31, 2023
Commercial	$	463,966	$	—	$	—	$	—	$	95	$	464,061
Construction and Land Development		232,724		—		—		—		80		232,804
1-4 Family Construction		64,838		—		—		—		249		65,087
Real Estate Mortgage:
1-4 Family Mortgage		402,396		—		—		—		—		402,396
Multifamily		1,373,431		15,110		—		—		—		1,388,541
CRE Owner Occupied		175,289		—		—		—		494		175,783
CRE Nonowner Occupied		987,306		—		—		—		—		987,306
Consumer and Other		8,303		—		—		—		1		8,304
Totals	$	3,708,253	$	15,110	$	—	$	—	$	919	$	3,724,282

Summary of the activity in the allowance for loan losses by segment

The following tables present the activity in the allowance for credit losses, by segment, for the three months ended March 31, 2024 and 2023:


			Construction								CRE		CRE
			and Land		1-4 Family		1--4 Family				Owner		Non-owner		Consumer
(dollars in thousands)	Commercial		Development		Construction		Mortgage		Multifamily		Occupied		Occupied		and Other		Total
Three Months Ended March 31, 2024
Allowance for Credit Losses for Loans:
Beginning Balance	$	5,398	$	2,156	$	558	$	2,651	$	22,217	$	1,184	$	16,225	$	105	$	50,494
Provision for Credit Losses for Loans		206		(328)		19		102		13		51		780		7		850
Loans Charged-off		—		—		—		—		—		—		—		(2)		(2)
Recoveries of Loans		3		—		—		1		—		—		—		1		5
Total Ending Allowance Balance	$	5,607	$	1,828	$	577	$	2,754	$	22,230	$	1,235	$	17,005	$	111	$	51,347


			Construction								CRE		CRE
			and Land		1-4 Family		1--4 Family				Owner		Non-owner		Consumer
(dollars in thousands)	Commercial		Development		Construction		Mortgage		Multifamily		Occupied		Occupied		and Other		Unallocated		Total
Three Months Ended March 31, 2023
Allowance for Credit Losses for Loans:
Beginning Balance, Prior to Adoption of CECL	$	6,501	$	3,911		845	$	4,325	$	17,459	$	1,965	$	12,576	$	151	$	263	$	47,996
Impact of Adopting CECL		(1,158)		(1,070)		(235)		(1,778)		3,318		(943)		2,869		(90)		(263)		650
Balance ss of January 1, 2023, as Adjusted for Adoption of CECL		5,343		2,841		610		2,547		20,777		1,022		15,445		61		—		48,646
Provision for Credit Losses for Loans		220		328		196		169		212		61		299		15		—		1,500
Loans Charged-off		—		—		—		—		—		—		—		(4)		—		(4)
Recoveries of Loans		3		—		—		1		—		—		—		2		—		6
Total Ending Allowance Balance	$	5,566	$	3,169	$	806	$	2,717	$	20,989	$	1,083	$	15,744	$	74	$	—	$	50,148