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ALLOWANCE FOR CREDIT LOSSES FOR LOANS (Tables)

6 Months Ended

Jun. 30, 2024

Allowance for Loan Losses [Abstract]

Schedule of Allowance for credit losses for loan losses


		Commercial			Construction			Commercial												Reserve for
		and industrial			and land			real estate			Residential			Consumer			Total			unfunded commitments
Three months ended June 30, 2024
Allowance for credit losses
Beginning balance		$	4,191		$	312		$	13,432		$	947		$	8		$	18,890		$	215
Charge-offs			(178)			—			—			—			—			(178)			—
Recoveries			2			—			—			99			1			102			—
(Reversal of) provision for credit losses			(28)			(207)			263			159			(1)			186			(15)
Ending balance		$	3,987		$	105		$	13,695		$	1,205		$	8		$	19,000		$	200

Six months ended June 30, 2024
Allowance for credit losses:
Beginning balance		$	4,216		$	298		$	16,498		$	979		$	9		$	22,000		$	225
Charge-offs			(356)			—			(3,206)			—			(1)			(3,563)			—
Recoveries			15			—			—			99			1			115			—
Provision for (reversal of) credit losses			112			(193)			403			127			(1)			448			(25)
Ending balance		$	3,987		$	105		$	13,695		$	1,205		$	8		$	19,000		$	200

June 30, 2024
Allowance for credit losses:
Loans individually evaluated		$	1,140		$	—		$	350		$	—		$	—		$	1,490
Loans collectively evaluated			2,847			105			12,935			1,200			8			17,095
PCD loans			—			—			410			5			—			415

Loans receivable:
Individually evaluated		$	1,436		$	366		$	18,782		$	1,291		$	—		$	21,875
Collectively evaluated			153,545			3,087			1,556,047			103,581			602			1,816,862
PCD loans			165			16			24,914			350			—			25,445
Total loans		$	155,146		$	3,469		$	1,599,743		$	105,222		$	602		$	1,864,182


		Commercial			Construction			Commercial												Reserve for
		and industrial			and land			real estate			Residential			Consumer			Total			unfunded commitments
Three months ended June 30, 2023
Allowance for credit losses
Beginning balance		$	4,470		$	314		$	14,530		$	1,066		$	20		$	20,400		$	320
Charge-offs			(125)			—			—			—			(2)			(127)			—
Recoveries			64			—			2			—			1			67			—
(Reversal of) provision for credit losses			(762)			3			(365)			(107)			(9)			(1,240)			(20)
Ending balance		$	3,647		$	317		$	14,167		$	959		$	10		$	19,100		$	300

Six months ended June 30, 2023
Allowance for loan losses
Beginning balance		$	2,885		$	68		$	14,185		$	1,742		$	20		$	18,900		$	315
Impact of CECL adoption			1,366			402			2			(302)			32			1,500			45
Charge-offs			(283)			—			—			(175)			(3)			(461)			—
Recoveries			80			—			2			—			4			86			—
Reversal of credit losses			(401)			(153)			(22)			(306)			(43)			(925)			(60)
Ending balance		$	3,647		$	317		$	14,167		$	959		$	10		$	19,100		$	300

June 30, 2023
Allowance for credit losses by methodology:
Loans individually evaluated		$	433		$	—		$	259		$	2		$	—		$	694
Loans collectively evaluated			3,212			317			13,293			948			10			17,780
PCD loans			2			—			615			9			—			626

Loans receivable by methodology:
Individually evaluated		$	656		$	—		$	11,251		$	1,698		$	—		$	13,605
Collectively evaluated			179,977			9,999			1,693,072			87,767			916			1,971,731
PCD loans			219			—			27,192			550			—			27,961
Total loans		$	180,852		$	9,999		$	1,731,515		$	90,015		$	916		$	2,013,297

Schedule of amortized cost basis of individually evaluated collateral-dependent non-accrual loans by loan and collateral type


		Retail and						Convalescent												A/R and
		Office			Multifamily			facility			Hotel			Other			SFR 1-4			Equipment			Total			ACL
June 30, 2024
Commercial and industrial		$	—		$	—		$	—		$	—		$	1,020		$	—		$	416		$	1,436		$	1,140
Construction and land			—			—			—			—			—			366			—			366			—
Commercial real estate			1,258			7,743			1,200			4,672			3,909			—			—			18,782			350
Residential			—			—			—			—			—			1,291			—			1,291			—
Consumer			—			—			—			—			—			—			—			—			—
Total		$	1,258		$	7,743		$	1,200		$	4,672		$	4,929		$	1,657		$	416		$	21,875		$	1,490

December 31, 2023
Commercial and industrial		$	—		$	—		$	—		$	—		$	1,021		$	—		$	1,052		$	2,073		$	1,423
Construction and land			—			—			—			—			—			366			—			366			—
Commercial real estate			224			5,305			2,213			135			1,165			—			—			9,042			3,008
Residential			—			—			—			—			—			1,496			—			1,496			2
Consumer			—			—			—			—			—			—			—			—			—
Total		$	224		$	5,305		$	2,213		$	135		$	2,186		$	1,862		$	1,052		$	12,977		$	4,433

Schedule of amortized cost and allowance for credit losses for loans on non-accrual status


		As of June 30, 2024									As of December 31, 2023
		Nonaccrual			Nonaccrual						Nonaccrual			Nonaccrual
		with no allowance			with allowance			Total			with no allowance			with allowance			Total
		for credit losses			for credit losses			nonaccrual			for loan losses			for loan losses			nonaccrual
Commercial and industrial		$	95		$	1,384		$	1,479		$	272		$	1,800		$	2,072
Construction and land			366			—			366			366			—			366
Commercial real estate			7,700			5,161			12,861			1,295			7,748			9,043
Residential			1,291			131			1,422			1,349			147			1,496
Consumer			—			—			—			—			—			—
Total		$	9,452		$	6,676		$	16,128		$	3,282		$	9,695		$	12,977