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Commitments, Contingencies and Credit Risk (Tables)
3 Months Ended
Mar. 31, 2024
Commitments, Contingencies and Credit Risk  
Schedule of commitments outstanding

The following table presents commitments outstanding at March 31, 2024 and December 31, 2023:

March 31, 

December 31, 

(dollars in thousands)

    

2024

    

2023

Unfunded Commitments Under Lines of Credit

$

507,704

$

546,632

Letters of Credit

 

99,807

 

103,289

Totals

$

607,511

$

649,921

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 $2.9 million and $3.0 million at March 31, 2024 and December 31, 2023, respectively, and is separately classified on the balance sheet within other liabilities. The following table presents the balance and activity in the allowance for credit losses for off-balance sheet credit exposures for the three months ended March 31, 2024 and 2023:

Three Months Ended

Three Months Ended

(dollars in thousands)

March 31, 2024

March 31, 2023

Allowance for Credit Losses:

Beginning Balance, Prior to Adoption of CECL

$

2,985

$

360

Impact of Adopting CECL

4,850

Recovery of Off-Balance Sheet Credit Exposures

(100)

(875)

Total Ending Balance

$

2,885

$

4,335