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Commitments, Contingencies and Credit Risk (Tables)
9 Months Ended
Sep. 30, 2024
Commitments, Contingencies and Credit Risk  
Schedule of commitments outstanding

The following table presents information regarding commitments outstanding at September 30, 2024 and December 31, 2023:

September 30, 

December 31, 

(dollars in thousands)

    

2024

    

2023

Unfunded Commitments Under Lines of Credit

$

523,698

$

546,632

Letters of Credit

 

112,069

 

103,289

Totals

$

635,767

$

649,921

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

The following table presents the balance and activity in the ACL for off-balance sheet credit exposures for the three and nine months ended September 30, 2024 and 2023:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(dollars in thousands)

2024

2023

2024

2023

Allowance for Credit Losses:

Beginning Balance

$

2,885

$

3,835

$

2,985

$

360

Impact of Adopting CECL

4,850

Recovery of Off-Balance Sheet Credit Exposures

(600)

(100)

(1,975)

Total Ending Balance

$

2,885

$

3,235

$

2,885

$

3,235