Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Feb. 24, 2023 | |
Document and Entity Information [Abstract] | ||
Document Transition Report | false | |
Document Annual Report | true | |
Title of 12(b) Security | COMMON STOCK, $1 PAR VALUE | |
Entity Tax Identification Number | 25-1428528 | |
Entity Address, Address Line One | 601 PHILADELPHIA STREET | |
Entity Address, Postal Zip Code | 15701 | |
Document Type | 10-K | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2022 | |
Entity File Number | 001-11138 | |
City Area Code | 724 | |
Local Phone Number | 349-7220 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | FY | |
Entity Registrant Name | FIRST COMMONWEALTH FINANCIAL CORP /PA/ | |
Entity Central Index Key | 0000712537 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Large Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 103,069,202 | |
Security Exchange Name | NYSE | |
Entity Shell Company | false | |
Entity Small Business | false | |
Entity Address, City or Town | INDIANA, | |
Entity Address, State or Province | PA | |
Entity Incorporation, State or Country Code | PA | |
ICFR Auditor Attestation Flag | true | |
Entity Public Float | $ 1,235,063,508 | |
Trading Symbol | FCF |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Auditor Information Disclosure [Abstract] | |
Auditor Name | Ernst & Young LLP |
Auditor Location | Pittsburgh, Pennsylvania |
Auditor Firm ID | 42 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and due from banks | $ 124,254 | $ 84,738 |
Interest-bearing bank deposits | 29,990 | 310,634 |
Securities available for sale, at fair value | (762,661) | (1,041,380) |
Debt Securities, Held-to-maturity, Fair Value | 386,205 | 536,651 |
Securities held to maturity, at amortized cost, (Fair value $386,205 at December 31, 2022 and $536,651 at December 31, 2021) | 461,162 | 541,311 |
Other investments | 26,414 | 12,838 |
Loans held for sale | 11,869 | 18,583 |
Loans and leases: | ||
Portfolio loans and leases | 7,642,143 | 6,839,230 |
Allowance for credit losses | (102,906) | (92,522) |
Net loans and leases | 7,539,237 | 6,746,708 |
Premises and equipment, net | 115,106 | 120,775 |
Other real estate owned | 534 | 642 |
Goodwill | 303,328 | 303,328 |
Amortizing intangibles, net | 9,205 | 11,188 |
Bank owned life insurance | 222,651 | 224,700 |
Other assets | 199,255 | 128,268 |
Total assets | 9,805,666 | 9,545,093 |
Deposits (all domestic): | ||
Noninterest-bearing | 2,670,508 | 2,658,782 |
Interest-bearing | 5,334,961 | 5,323,716 |
Total deposits | 8,005,469 | 7,982,498 |
Short-term borrowings | 372,694 | 138,315 |
Subordinated debentures | 170,937 | 170,775 |
Other long-term debt | 4,862 | 5,573 |
Capital lease obligation | 5,425 | 5,921 |
Total long-term debt | 181,224 | 182,269 |
Other liabilities | 194,205 | 132,639 |
Total liabilities | $ 8,753,592 | 8,435,721 |
Shareholders’ Equity | ||
Preferred stock, shares authorized (in shares) | 3,000,000 | |
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued | $ 0 | $ 0 |
Common stock, shares outstanding (in shares) | 93,376,314 | 94,233,152 |
Common stock, shares authorized (in shares) | 200,000,000 | |
Common stock, shares issued (in shares) | 113,914,902 | |
Common stock, $1 par value per share, 200,000,000 shares authorized; 113,914,902 shares issued as of December 31, 2022 and 2021; and 93,376,314 and 94,233,152 shares outstanding at December 31, 2022 and 2021, respectively | $ 113,915 | $ 113,915 |
Additional paid-in capital | 497,431 | 496,121 |
Retained earnings | 774,863 | 691,260 |
Accumulated other comprehensive (loss) income, net | $ (137,692) | $ (8,768) |
Treasury stock, shares (in shares) | 20,538,588 | 19,681,750 |
Treasury stock (20,538,588 and 19,681,750 shares at December 31, 2022 and 2021, respectively) | $ (196,443) | $ (183,156) |
Total shareholders’ equity | 1,052,074 | 1,109,372 |
Total liabilities and shareholders’ equity | $ 9,805,666 | $ 9,545,093 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest Income | |||
Interest and fees on loans and leases | $ 302,207 | $ 267,599 | $ 275,189 |
Interest and dividends on investments: | |||
Taxable interest | 24,668 | 24,723 | 24,063 |
Interest exempt from federal income taxes | 479 | 595 | 1,053 |
Dividends | 877 | 521 | 686 |
Interest on bank deposits | 1,722 | 400 | 218 |
Total interest income | 329,953 | 293,838 | 301,209 |
Interest Expense | |||
Interest on deposits | 6,714 | 5,749 | 21,972 |
Interest on short-term borrowings | 1,999 | 99 | 704 |
Interest on subordinated debentures | 8,595 | 8,555 | 8,580 |
Interest on other long-term debt | 198 | 649 | 1,419 |
Interest Expense, Lessee, Assets under Capital Lease | 226 | 245 | 263 |
Total interest expense | 17,732 | 15,297 | 32,938 |
Net Interest Income | 312,221 | 278,541 | 268,271 |
Provision for credit losses | 21,106 | (1,376) | 56,718 |
Net Interest Income after Provision for Credit Losses | 291,115 | 279,917 | 211,553 |
Noninterest Income | |||
Net securities gains | 2 | 16 | 70 |
Trust income | 10,518 | 11,111 | 9,101 |
Service charges on deposit accounts | 19,641 | 17,984 | 16,387 |
Insurance and retail brokerage commissions | 8,857 | 8,502 | 7,850 |
Income from bank owned life insurance | 5,459 | 6,433 | 6,552 |
Gain on sale of mortgage loans | 5,276 | 13,555 | 18,764 |
Gain on sale of other loans and assets | (6,036) | (8,130) | (4,827) |
Card related interchange income | 27,603 | 27,954 | 23,966 |
Derivative, Gain (Loss) on Derivative, Net | 368 | 2,344 | (2,521) |
Swap Fee Income | 4,685 | 2,543 | 1,588 |
Other income | 10,263 | 8,185 | 7,892 |
Total noninterest income | 98,708 | 106,757 | 94,476 |
Noninterest Expense | |||
Salaries and employee benefits | 126,031 | 119,506 | 118,961 |
Net occupancy | 18,037 | 16,586 | 17,647 |
Furniture and equipment | 15,582 | 15,642 | 15,393 |
Data processing | 13,922 | 12,373 | 10,543 |
Advertising and promotion | 5,031 | 4,983 | 4,679 |
Pennsylvania shares tax | 4,447 | 4,604 | 4,500 |
Intangible amortization | 3,196 | 3,497 | 3,689 |
Other professional fees and services | 4,894 | 4,501 | 3,886 |
FDIC insurance | 2,871 | 2,529 | 2,699 |
Asset Impairment Charges | 343 | 303 | 680 |
Litigation and operational losses | 2,834 | 2,324 | 1,411 |
Merger and acquisition related | 1,702 | 0 | 0 |
COVID-19 related expenses | 151 | 449 | 874 |
Voluntary retirement plan expenses | 0 | 0 | 3,422 |
Branch consolidation expense | (104) | (103) | 2,672 |
Other operating expenses | 30,701 | 26,663 | 24,770 |
Total noninterest expense | 229,638 | 213,857 | 215,826 |
Income before income taxes | 160,185 | 172,817 | 90,203 |
Income tax provision | 32,004 | 34,560 | 16,756 |
Net Income | $ 128,181 | $ 138,257 | $ 73,447 |
Average Shares Outstanding (in shares) | 93,612,043 | 95,583,890 | 97,499,586 |
Average Shares Outstanding Assuming Dilution (in shares) | 93,887,447 | 95,840,285 | 97,758,965 |
Per Share Data: | |||
Basic Earnings Per Share (in dollars per share) | $ 1.37 | $ 1.45 | $ 0.75 |
Diluted Earnings Per Share (in dollars per share) | 1.37 | 1.44 | 0.75 |
Cash Dividends Declared per Common Share (in dollars per share) | $ 0.475 | $ 0.455 | $ 0.440 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | |||
Net Income | $ 128,181 | $ 138,257 | $ 73,447 |
Other comprehensive (loss) income, before tax (benefit) expense: | |||
Unrealized holding (losses) gains on securities arising during the period | (131,838) | (29,892) | 19,981 |
Unrealized holding losses on derivatives arising during the period | (31,573) | (3,356) | (4,467) |
Less: reclassification adjustment for gains on securities included in net income | (2) | (16) | (70) |
Unrealized gains (losses) for postretirement obligation: | |||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Reclassification Adjustment, before Tax | 76 | 76 | (537) |
Net gain (loss) | 143 | 275 | (155) |
Total other comprehensive (loss) income, before income tax (benefit) expense | (163,194) | (32,913) | 14,752 |
Income tax (benefit) expense related to items of other comprehensive (loss) income | (34,270) | (6,912) | 3,098 |
Comprehensive Income | $ (743) | $ 112,256 | $ 85,101 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in-Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss), net [Member] | Treasury Stock [Member] | Previously Reported [Member] | Previously Reported [Member] Common Stock [Member] | Previously Reported [Member] Additional Paid-in-Capital [Member] | Previously Reported [Member] Retained Earnings [Member] | Previously Reported [Member] Accumulated Other Comprehensive Income (Loss), net [Member] | Previously Reported [Member] Treasury Stock [Member] |
Beginning balance at Dec. 31, 2019 | $ 1,055,665 | $ 113,915 | $ 493,737 | $ 577,348 | $ 5,579 | $ (134,914) | ||||||
Beginning balance, Shares Outstanding at Dec. 31, 2019 | 98,311,840 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net Income | 73,447 | 73,447 | ||||||||||
Total other comprehensive (loss) Income | 11,654 | 11,654 | ||||||||||
Cash dividends declared | (42,982) | (42,982) | ||||||||||
Treasury stock acquired | (20,905) | (20,905) | ||||||||||
Treasury stock acquired | (2,430,842) | |||||||||||
Treasury stock reissued | 1,817 | 459 | 0 | 1,358 | ||||||||
Treasury stock reissued, Shares Outstanding | 158,453 | |||||||||||
Restricted stock, Shares Outstanding | 91,300 | |||||||||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 1,120 | $ 0 | 487 | 0 | 633 | |||||||
Ending balance at Dec. 31, 2020 | 1,068,617 | $ 113,915 | 494,683 | 596,614 | 17,233 | (153,828) | ||||||
Ending balance, Shares Outstanding at Dec. 31, 2020 | 96,130,751 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Cumulative Effect Of New Accounting Principle In Period Of Adoption | (11,199) | (11,199) | ||||||||||
Net Income | 138,257 | 138,257 | ||||||||||
Total other comprehensive (loss) Income | (26,001) | (26,001) | ||||||||||
Cash dividends declared | (43,611) | (43,611) | ||||||||||
Treasury stock acquired | (31,301) | (31,301) | ||||||||||
Treasury stock acquired | (2,195,110) | |||||||||||
Treasury stock reissued | 2,264 | 771 | 0 | 1,493 | ||||||||
Treasury stock reissued, Shares Outstanding | 173,907 | |||||||||||
Restricted stock, Shares Outstanding | 123,604 | |||||||||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 1,147 | $ 0 | 667 | 0 | 480 | |||||||
Ending balance at Dec. 31, 2021 | $ 1,109,372 | $ 1,109,372 | $ 113,915 | $ 496,121 | $ 691,260 | $ (8,768) | $ (183,156) | |||||
Ending balance, Shares Outstanding at Dec. 31, 2021 | 94,233,152 | 94,233,152 | ||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||
Net Income | $ 128,181 | 128,181 | ||||||||||
Total other comprehensive (loss) Income | (128,924) | (128,924) | ||||||||||
Cash dividends declared | (44,578) | (44,578) | ||||||||||
Treasury stock acquired | (15,598) | (15,598) | ||||||||||
Treasury stock acquired | (1,132,577) | |||||||||||
Treasury stock reissued | 2,192 | 580 | 0 | 1,612 | ||||||||
Treasury stock reissued, Shares Outstanding | 174,989 | |||||||||||
Restricted stock, Shares Outstanding | 100,750 | |||||||||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures | 1,429 | $ 0 | 730 | 0 | 699 | |||||||
Ending balance at Dec. 31, 2022 | $ 1,052,074 | $ 113,915 | $ 497,431 | $ 774,863 | $ (137,692) | $ (196,443) | ||||||
Ending balance, Shares Outstanding at Dec. 31, 2022 | 93,376,314 | 93,376,314 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Activities | |||
Net Income | $ 128,181 | $ 138,257 | $ 73,447 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for credit losses | 21,106 | (1,376) | 56,718 |
Deferred Income Taxes and Tax Credits | (2,011) | 1,432 | (8,217) |
Depreciation and amortization | 10,552 | 11,442 | 11,653 |
Net gains on securities and other assets | (11,556) | (22,273) | (18,807) |
Net amortization of premiums and discounts on securities | 2,027 | 4,772 | 6,183 |
Income from increase in cash surrender value of bank owned life insurance | (5,261) | (6,105) | (6,288) |
Mortgage loans originated for sale | (195,105) | (390,940) | (410,715) |
Proceeds from Sale of Mortgage Loans Held-for-sale | 198,302 | 419,574 | 408,877 |
(Increase) decrease in interest receivable | (6,846) | 5,885 | (10,735) |
Increase (decrease) in interest payable | 1,172 | (412) | (879) |
(Decrease) increase in income taxes payable | (4,561) | 10,664 | (887) |
Other—net | 15,413 | (5,874) | 5,349 |
Net cash provided by operating activities | 151,413 | 165,046 | 105,699 |
Proceeds from maturities and redemptions | 145,589 | 433,910 | 472,282 |
Transactions with securities held to maturity: | |||
Proceeds from Sale and Maturity of Held-to-maturity Securities | 0 | 0 | 0 |
Proceeds from maturities and redemptions | 79,613 | 120,728 | 118,905 |
Purchases | (200) | (361,734) | (85,679) |
Transactions with securities available for sale: | |||
Proceeds from sale | 0 | 0 | 0 |
Purchases | 0 | (676,861) | (411,178) |
Purchases of FHLB stock | (20,632) | (4,453) | (22,231) |
Proceeds from the redemption of FHLB stock | 7,056 | 3,342 | 26,766 |
Proceeds from Sale of Other Investments | 0 | 500 | 0 |
Proceeds from bank owned life insurance | 5,337 | 7,357 | 1,444 |
Proceeds from the sale of loans | 68,625 | 76,414 | 41,141 |
Proceeds from sales of other assets | 8,609 | 7,798 | 5,531 |
Net increase in loans | (871,578) | (161,667) | (622,504) |
Purchases of premises and equipment | (11,207) | (10,639) | (7,615) |
Net cash used in investing activities | (588,788) | (565,305) | (483,138) |
Financing Activities | |||
Net increase in federal funds purchased | 0 | 0 | 0 |
Net increase (decrease) in other short-term borrowings | 234,379 | 20,942 | (84,480) |
Net increase in deposits | 23,007 | 543,947 | 761,398 |
Repayments of other long-term debt | (712) | (50,685) | (659) |
Repayments of Long-term Capital Lease Obligations | 496 | 464 | 430 |
Dividends paid | (44,578) | (43,611) | (42,982) |
Proceeds from reissuance of treasury stock | 245 | 222 | 222 |
Purchase of treasury stock | (15,598) | (31,301) | (20,905) |
Net cash provided by financing activities | 196,247 | 439,050 | 612,164 |
Net (decrease) increase in cash and cash equivalents | (241,128) | 38,791 | 234,725 |
Cash and cash equivalents at January 1 | 395,372 | 356,581 | 121,856 |
Cash and cash equivalents at December 31 | $ 154,244 | $ 395,372 | $ 356,581 |
Statement of Accounting Policie
Statement of Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Statement of Accounting Policies | Statement of Accounting Policies General The following summary of accounting and reporting policies is presented to aid the reader in obtaining a better understanding of the consolidated financial statements of First Commonwealth Financial Corporation and its subsidiaries (“First Commonwealth”) contained in this report. First Commonwealth's subsidiaries include First Commonwealth Bank ("FCB" or the "Bank"), First Commonwealth Insurance Agency, Inc. ("FCIA"), FRAMAL and First Commonwealth Financial Advisors, Inc. ("FCFA"). The financial information is presented in accordance with generally accepted accounting principles and general practice for financial institutions in the United States of America. In preparing financial statements, management is required to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. In addition, these estimates and assumptions affect revenues and expenses in the financial statements and as such, actual results could differ from those estimates. Through its subsidiaries, which include a commercial bank and an insurance agency, First Commonwealth provides a full range of loan, deposit, trust, insurance and personal financial planning services primarily to individuals and small to middle market businesses in 26 counties in central and western Pennsylvania as well as throughout Ohio. First Commonwealth has determined that it has one business segment. First Commonwealth is subject to regulations of certain state and federal agencies. These regulatory agencies periodically examine First Commonwealth for adherence to laws and regulations. Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of First Commonwealth previously defined above. All material intercompany transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current period's presentation. Equity investments of less than a majority but at least 20% ownership are accounted for by the equity method and classified as “Other assets.” Earnings on these investments are reflected in “Other income” on the Consolidated Statements of Income, as appropriate, in the period earned. Investment Securities Debt securities that First Commonwealth has the positive intent and ability to hold to maturity are classified as securities held to maturity and are reported at amortized cost adjusted for amortization of premium and accretion of discount on a level yield basis. Debt and equity securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Debt securities not classified as either held-to-maturity securities or trading securities are classified as securities available for sale and are reported at fair value, with unrealized gains and losses that are not related to impairment excluded from earnings and reported as a component of other comprehensive income, which is included in shareholders’ equity, net of deferred taxes. First Commonwealth has securities classified as held to maturity and available for sale and does not engage in trading activities. First Commonwealth utilizes the specific identification method to determine the net gain or loss on debt securities and the average cost method to determine the net gain or loss on the equity securities. First Commonwealth conducts a comprehensive review of the investment portfolio on a quarterly basis to evaluate for expected credit losses. When evaluating available-for-sale securities, management first considers whether we intend to sell the security, or if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If there is intent to sell, the security's amortized cost is written down to fair value through income. Otherwise, available-for-sale securities whose market values have fallen below their book value are evaluated at the issuer-specific level to determine if the decline in value is a result of credit losses. Issuer-specific securities include obligations of U.S. Government agencies and sponsored enterprises, single issue trust preferred securities, corporate debentures and obligations of states and political subdivisions. Further analysis of these securities includes a review of research reports, analysts’ recommendations, credit rating changes, news stories, annual reports, impact of interest rate changes and any other relevant information pertaining to the affected security. Any loss not determined to be a credit loss is recorded as a reduction to shareholders equity, through other comprehensive income. Held-to-maturity securities are evaluated for impairment on an annual basis, using historical probability of default and loss given default information specific to the investment category. On a quarterly basis, a qualitative review is completed incorporating changes to the mix and credit quality of the investment portfolio. If this evaluation determines that credit losses exist an allowance for credit loss is recorded and included in earnings as a component of credit loss expense. Mortgage Loans Held for Sale Certain residential mortgage loans are originated for sale in the secondary mortgage loan market with the majority sold with servicing rights released. These loans are classified as loans held for sale and are carried at the estimated market value on an aggregate basis. Market value is determined on the basis of rates obtained in the respective secondary market for the type of loan held for sale. Loans are generally sold at a premium or discount from the carrying amount of the loan. Such premium or discount is recognized at the date of sale. Gain or loss on the sale of loans is recorded in non-interest income at the time consideration is received and all other criteria for sales treatment have been met. Loans Loans are carried at the principal amount outstanding. Interest is accrued as earned. Loans held for sale are carried at the lower of cost or fair market value determined on an individual basis. First Commonwealth considers a loan to be past due and still accruing interest when payment of interest or principal is contractually past due but the loan is both well secured and in the process of collection. For installment, mortgage, term and other loans with amortizing payments that are scheduled monthly, 90 days past due is reached when four monthly payments are due and unpaid. For demand, time and other multi-payment obligations with payments scheduled other than monthly, delinquency status is calculated using number of days instead of number of payments. Revolving credit loans, including personal credit lines and home equity lines, are considered to be 90 days past due when the borrower has not made the minimum payment for four monthly cycles. A loan is placed in nonaccrual status when, based on current information and events, it is probable that First Commonwealth will be unable to fully collect principal or interest due according to the contractual terms of the loan. A loan is also placed in nonaccrual status when, based on regulatory definitions, the loan is maintained on a “cash basis” due to the weakened financial condition of the borrower. When a determination is made to place a loan in nonaccrual status, all accrued and unpaid interest is reversed. Nonaccrual loans are restored to accrual status when, based on a sustained period of repayment by the borrower in accordance with the contractual terms of the loan, First Commonwealth expects repayment of the remaining contractual principal and interest or when the loan otherwise becomes well-secured and in the process of collection. First Commonwealth considers a loan to be a troubled debt restructured loan ("TDR") when the loan terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternate financing sources. TDR loans are considered to be nonperforming loans. A loan is considered to be nonperforming when, based on current information and events, it is expected that First Commonwealth will be unable to collect principal or interest that is due in accordance with contractual terms of the loan. Nonperforming loans include nonaccrual loans and TDR loans. Expected losses on nonperforming loans are measured based on the present value of expected cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. For loans other than those that First Commonwealth expects repayment through liquidation of the collateral, when the remaining recorded investment in the loan is less than or equal to the present value of the expected cash flows, income is applied as a reduction to loan principal rather than interest income. Loans deemed uncollectible are charged off through the allowance for credit losses. Factors considered in assessing ultimate collectability include past due status, financial condition of the borrower, collateral values and debt covenants including secondary sources of repayment by guarantors. Payments received on previously charged off loans are recorded as recoveries in the allowance for credit losses. Acquired loans are recorded at estimated fair value on the date of acquisition with no carryover of the related allowance for credit losses. The fair value of acquired loans is determined by estimating the principal and interest cash flows expected to be collected on the loans and discounting those cash flows at a market rate of interest. The estimated fair value considers factors such as loan term, internal risk rating, delinquency status, prepayment rates, estimated value of the underlying collateral and the current interest rate environment. Loan Fees Loan origination and commitment fees, net of associated direct costs, are deferred and the net amount is amortized as an adjustment to the related loan yield on the interest method, generally over the contractual life of the related loans or commitments. Other Real Estate Owned Real estate, other than bank premises, is recorded at fair value less estimated selling costs at the time of acquisition. After that time, other real estate is carried at the lower of cost or fair value less estimated costs to sell. Fair value is determined based on an independent appraisal. Expenses related to holding the property and rental income earned on the property are generally reflected in earnings in the current period. Depreciation is not recorded on the other real estate owned properties. Allowance for Credit Losses for Loans and Leases On January 1, 2020, First Commonwealth adopted ASU 2016-13 Financial Instruments - Credit Losses ("Topic 326"), which replaces the incurred loss methodology for determining our allowance for credit losses and related provision for credit losses with an expected loss methodology that is referred to as the Current Expected Credit Loss ("CECL") model. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including our loans and leases. We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures and recognized a cumulative effect adjustment reducing retained earnings by $11.2 million, net of tax. First Commonwealth made the accounting policy election to exclude accrued interest from the allowance for credit loss calculation because these balances are written off or reversed when a loan is placed in non-accrual status. In connection with our adoption of ASU 2016-13, we made changes to our loan portfolio segments, as compared to loan segments under the incurred model, to align with the methodology applied in determining the allowance under CECL. In 2022, the annual review of loss history and loss drivers used in the allowance credit losses resulted in several new loan portfolio segments. Real estate construction, which was previously one segment, has been divided into two categories, Construction residential and Construction other. Loans to state and political subdivisions and other commercial loans that have different characteristics than loans in the Time and Demand category, were moved into a new Time and demand other category. Additionally, a new portfolio segment for equipment finance was added as we entered that business in 2022. Refer to Note 9, "Loans and Leases and Allowance for Credit Losses" for further discussion of these portfolio segments. Under CECL, the allowance for credit losses is calculated by pooling loans of similar credit risk characteristics and applying a discounted cash flow methodology after incorporating probability of default and loss given default estimates. Probability of default represents an estimate of the likelihood of default and loss given default measures the expected loss upon default. Inputs impacting the expected losses includes a forecast of macroeconomic factors, using a weighted forecast from a nationally recognized firm. Our model incorporates a one-year forecast of macroeconomic factors, after which the factors revert back to the historical mean over a one-year period. All nonperforming credits, which includes nonaccrual loans and all TDRs, in excess of $250 thousand are individually evaluated on a quarterly basis. A specific reserve is established for individually evaluated loans in an amount equal to the total amount of estimated losses for the loans that are reviewed. Based on this reserve as a percentage of reviewed loan balances, a reserve is also established for the nonperforming loan balances that are not individually reviewed. An additional component of the allowance is determined by management based on a qualitative analysis of certain factors related to portfolio risks that are not incorporated in the calculated model. Factors considered by management include lending practices, ability and experience of the credit staff, the overall lending environment and external factors such as the regulatory environment and competition. Portfolio risks include unusual changes or recent trends in specific portfolios such as unexpected changes in the trends or levels of delinquency. No matter how detailed an analysis of potential credit losses is performed, these estimates are inherently imprecise. Management must make estimates using assumptions and information that is often subjective and changes rapidly. Allowance for Off-Balance Sheet Credit Exposures First Commonwealth maintains an allowance for off-balance sheet credit exposure at a level deemed sufficient to absorb losses that are inherent to off-balance sheet credit risk. Off-balance sheet credit exposure includes commitments to extend credit, standby letters of credit and commercial letters of credit. The Company’s methodology for assessing the appropriateness of the allowance for off-balance sheet credit exposure consists of analysis of historical usage trends. The calculation begins with historical usage trends related to lines of credit as well as letters of credit and then utilizes those figures to determine the probable usage of available lines. These values are then adjusted by the expected loss percentage calculated for comparable loan categories as part of the allowance for credit losses for loans. This amount is adjusted quarterly and any change to the allowance is reported as part of provision expense on the Consolidated Statements of Income. The allowance for off-balance sheet credit exposures is reflected in "Other Liabilities" in the Consolidated Statements of Finance Condition. Bank Owned Life Insurance First Commonwealth and the banks that First Commonwealth has acquired have purchased insurance on the lives of certain groups of employees. The policies accumulate asset values to meet future liabilities, including the payment of employee benefits such as health care. Increases in the cash surrender value are recorded as non-interest income in the Consolidated Statements of Income and cash receipts and disbursements are included in "Operating Activities" in the Consolidated Statements of Cash Flows. Under some of these policies, the beneficiaries receive a portion of the death benefit. The net present value of the future death benefits scheduled to be paid to the beneficiaries was $3.7 million and $4.5 million as of December 31, 2022 and 2021, respectively, and is reflected in "Other Liabilities" on the Consolidated Statements of Financial Condition. Premises, Equipment and Lease Commitments Premises and equipment are carried at cost less accumulated depreciation on First Commonwealth’s Consolidated Statements of Financial Condition. Depreciation is computed on the straight-line and accelerated methods over the estimated useful life of the asset. A straight-line depreciation method was used for substantially all furniture and equipment as well as buildings and improvements. Charges for maintenance and repairs are expensed as incurred. Leasehold improvements are expensed over the term of the lease or the estimated useful life of the improvement, whichever is shorter. Software costs are amortized on a straight-line basis over a period not to exceed 7 years. A right-of-use asset and related lease liability is recognized on the Consolidated Statements of Financial Condition for operating leases First Commonwealth has entered to lease certain office facilities. These amounts are reported as components of premises and equipment and other liabilities. Short-term operating leases, which are leases with an original term of 12 months or less and do not have a purchase option that is likely to be exercised, are not recognized as part of the right-of-use asset or lease liability. First Commonwealth has no material leasing arrangements for which it is the lessor of property or equipment. Business Combinations Business combinations are accounted for by using the acquisition method of accounting. Under the acquisition method, identifiable assets acquired and liabilities assumed at the acquisition date are measured at their fair values as of that date, and are recognized separately from goodwill. The difference between the purchase price and the fair value of the net assets acquired is recorded as goodwill. Results of operations of the acquired entities are included in the consolidated statement of income from the date of acquisition. Acquisition costs are expensed when incurred. Goodwill Intangible assets resulting from acquisitions under the purchase method of accounting consist of goodwill and other intangible assets (see “Other Intangible Assets” section below). Goodwill is not amortized and is subject to at least annual assessments for impairment. First Commonwealth reviews goodwill annually and again at any quarter-end if a material event occurs during the quarter that may affect goodwill. When circumstances indicate that it is more likely than not that fair value is less than carrying value, a triggering event has occurred and a quantitative impairment test is performed. Goodwill is evaluated for potential impairment by determining if our fair value has fallen below carrying value. Other Intangible Assets Other intangible assets consist of core deposits and customer lists obtained through acquisitions. Core deposit intangibles are amortized over their estimated lives using the present value of the benefit of the core deposits and straight-line methods of amortization. Customer list intangibles are amortized over the expected lives using expected cash flows based on retention of the customer base. These intangibles are evaluated for impairment on an annual basis and when events or changes in circumstances indicate that the carrying amount may not be recoverable. Accounting for the Impairment of Long-Lived Assets First Commonwealth reviews long-lived assets, such as premises and equipment and intangibles, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. These changes in circumstances may include a significant decrease in the market value of an asset or the extent or manner in which an asset is used. If there is an indication that the carrying amount of an asset may not be recoverable, future undiscounted cash flows expected to result from the use of the asset are estimated. If the sum of the expected cash flows is less than the carrying value of the asset, a loss is recognized for the difference between the carrying value and fair value of the asset. Long-lived assets classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. Depreciation or amortization is discontinued on long-lived assets classified as held for sale. Income Taxes First Commonwealth records taxes in accordance with the asset and liability method of FASB ASC Topic 740, “Income Taxes,” ("Topic 740") whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax bases given the provisions of the enacted tax laws. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are more likely than not expected to be realized based upon available evidence. In accordance with Topic 740, interest or penalties incurred for taxes will be recorded as a component of noninterest expense. Comprehensive Income Disclosures “Other Comprehensive Income” (comprehensive income, excluding net income) includes the after-tax effect of changes in unrealized holding gains and losses on available-for-sale securities, changes in the funded status of defined benefit postretirement plans and changes in the fair value of cash flow hedges. Comprehensive income is reported in the accompanying Consolidated Statements of Comprehensive Income, net of tax. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold and interest-bearing bank deposits. Generally, federal funds are sold for one-day periods. Derivatives and Hedging Activities First Commonwealth accounts for derivative instruments and hedging activities in accordance with FASB ASC Topic 815, “Derivatives and Hedging" ("Topic 815"). All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities, and appropriate documentation is maintained to support the final determination. First Commonwealth recognizes all derivatives as either assets or liabilities on the Consolidated Statements of Financial Condition and measures those instruments at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. For derivatives designated as cash flow hedges, changes in fair value of the effective portion of the cash flow hedges are reported in other comprehensive income ("OCI"). When the cash flows associated with the hedged item are realized, the gain or loss included in OCI is recognized in the Consolidated Statement of Income. When First Commonwealth purchases a portion of a commercial loan that has an existing interest rate swap, it enters a Risk Participation Agreement with the counterparty and assumes the credit risk of the loan customer related to the swap. Any fee paid to First Commonwealth as a result of the risk participation agreement is offset by credit risk of the counterparties and is recognized in the income statement. Credit risk on the risk participation agreements is determined after considering the risk rating, probability of default and loss given default of the counterparties. Management periodically reviews contracts from various functional areas of First Commonwealth to identify potential derivatives embedded within selected contracts. As of December 31, 2022, First Commonwealth has interest rate derivative positions that are designated as hedging instruments and others that are not designated as hedging instruments. See Note 7, “Derivatives,” for a description of these instruments. Earnings Per Common Share Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For all periods presented, the dilutive effect on average shares outstanding is the result of unvested restricted stock grants. Fair Value Measurements In accordance with FASB ASC Topic 820, “Fair Value Measurements and Disclosures" ("Topic 820"), First Commonwealth groups financial assets and financial liabilities measured at fair value into three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange ("NYSE"). Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. • Level 2—Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained for identical or comparable assets or liabilities from alternative pricing sources with reasonable levels of price transparency. Level 2 securities include U.S. Government securities issued by Agencies and Sponsored Enterprises, Obligations of States and Political Subdivisions, certain corporate securities, FHLB stock, loans held for sale, interest rate derivatives that include interest rate swaps, risk participation agreements and foreign currency contracts, certain other real estate owned and certain nonperforming loans. • Level 3—Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. If the inputs used to provide the evaluation are unobservable and/or there is very little, if any, market activity for the security or similar securities, the securities would be considered Level 3 securities. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The assets included in Level 3 are nonmarketable equity investments, certain other real estate owned and certain nonperforming loans. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon pricing models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and our creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. See Note 17 “Fair Values of Assets and Liabilities” for additional information. Revenue from Contracts with Customers First Commonwealth records revenue from contracts with customers in accordance with ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. A significant component of the Company's revenue, net interest earned on financial assets and liabilities, is excluded from the scope of Topic 606. First Commonwealth generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, the Company has made no significant judgments in applying the revenue guidance prescribed in Topic 606 that affect the determination of the amount and timing of revenue from contracts with customers. |
Business Combinations and Asset
Business Combinations and Asset Acquisitions | 12 Months Ended |
Dec. 31, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
Acquisition | AcquisitionOn August 30, 2022, we entered into an agreement and plan of merger to acquire Centric Financial Corporation (“Centric”) and its banking subsidiary, Centric Bank. Centric will contribute seven full-service banking offices and one loan production office in the Harrisburg, Philadelphia and Lancaster MSAs. The acquisition is an all-stock transaction and Centric shareholders were entitled to receive a fixed exchange ratio of 1.09 shares of First Commonwealth common stock for each Centric common stock. This merger was completed after close of business January 31, 2023 resulting in the issuance of 9,688,478 shares of common stock. |
Supplemental Comprehensive Inco
Supplemental Comprehensive Income Disclosures | 12 Months Ended |
Dec. 31, 2022 | |
Supplemental Comprehensive Income Disclosures [Abstract] | |
Supplemental Comprehensive Income Disclosures | Supplemental Comprehensive Income Disclosures The following table identifies the related tax effects allocated to each component of other comprehensive income in the Consolidated Statements of Comprehensive Income as of December 31. Reclassification adjustments related to securities available for sale are included in the “ Net securities gains ” line in the Consolidated Statements of Income. 2022 2021 2020 Pretax Amount Tax (Expense) Benefit Net of Tax Amount Pretax Amount Tax (Expense) Benefit Net of Tax Amount Pretax Amount Tax (Expense) Benefit Net of Tax Amount (dollars in thousands) Unrealized gains (losses) on securities: Unrealized holding (losses) gains on securities arising during the period $ (131,838) $ 27,686 $ (104,152) $ (29,892) $ 6,278 $ (23,614) $ 19,981 $ (4,196) $ 15,785 Reclassification adjustment for gains on securities included in net income (2) — (2) (16) 3 (13) (70) 15 (55) Total unrealized (losses) gains on securities (131,840) 27,686 (104,154) (29,908) 6,281 (23,627) 19,911 (4,181) 15,730 Unrealized gains (losses) on derivatives: Unrealized holding losses on derivatives arising during the period (31,573) 6,630 (24,943) (3,356) 705 (2,651) (4,467) 938 (3,529) Total unrealized losses on derivatives (31,573) 6,630 (24,943) (3,356) 705 (2,651) (4,467) 938 (3,529) Unrealized gains (losses) for postretirement obligations: Prior service cost 76 (16) 60 76 (16) 60 (537) 113 (424) Net gain (loss) 143 (30) 113 275 (58) 217 (155) 32 (123) Total unrealized gains (losses) for postretirement obligations 219 (46) 173 351 (74) 277 (692) 145 (547) Total other comprehensive (loss) income $ (163,194) $ 34,270 $ (128,924) $ (32,913) $ 6,912 $ (26,001) $ 14,752 $ (3,098) $ 11,654 The following table details the change in components of OCI for the year ended December 31: 2022 Securities Available for Sale Derivatives Post-Retirement Obligation Accumulated Other Comprehensive Income (dollars in thousands) Balance at January 1 $ (3,317) $ (5,546) $ 95 $ (8,768) Other comprehensive loss before reclassification adjustment (104,152) (24,943) (129,095) Amounts reclassified from accumulated other comprehensive income (loss) (2) — (2) Prior service cost 60 60 Net gain 113 113 Net other comprehensive loss during the period (104,154) (24,943) 173 (128,924) Balance at December 31 $ (107,471) $ (30,489) $ 268 $ (137,692) 2021 Securities Available for Sale Derivatives Post-Retirement Obligation Accumulated Other Comprehensive Income (dollars in thousands) Balance at January 1 $ 20,310 $ (2,895) $ (182) $ 17,233 Other comprehensive income before reclassification adjustment (23,614) (2,651) (26,265) Amounts reclassified from accumulated other comprehensive income (loss) (13) — (13) Prior service cost 60 60 Net gain 217 217 Net other comprehensive income during the period (23,627) (2,651) 277 (26,001) Balance at December 31 $ (3,317) $ (5,546) $ 95 $ (8,768) 2020 Securities Available for Sale Derivatives Post-Retirement Obligation Accumulated Other Comprehensive Income (dollars in thousands) Balance at January 1 $ 4,580 $ 634 $ 365 $ 5,579 Other comprehensive income before reclassification adjustment 15,785 (3,529) 12,256 Amounts reclassified from accumulated other comprehensive income (loss) (55) — (55) Prior service cost (424) (424) Net gain (123) (123) Net other comprehensive income during the period 15,730 (3,529) (547) 11,654 Balance at December 31 $ 20,310 $ (2,895) $ (182) $ 17,233 |
Supplemental Cash Flow Disclosu
Supplemental Cash Flow Disclosures | 12 Months Ended |
Dec. 31, 2022 | |
Supplemental Cash Flow Information [Abstract] | |
Supplemental Cash Flow Disclosures | Supplemental Cash Flow Disclosures The following table presents information related to cash paid during the year for interest and income taxes as well as detail on non-cash investing and financing activities for the years ended December 31: 2022 2021 2020 (dollars in thousands) Cash paid during the period for: Interest $ 16,396 $ 15,624 $ 33,964 Income taxes 34,326 22,374 25,914 Non-cash investing and financing activities: Loans transferred to other real estate owned and repossessed assets 2,852 3,163 3,865 Fair value of loans transferred from held to maturity to held for sale 61,892 73,697 37,305 Loans transferred from held for sale to held to maturity 1,485 — 4,335 Gross (decrease) increase in market value adjustment to securities available for sale (131,840) (29,908) 19,911 Gross decrease in market value adjustment to derivatives (31,574) (3,356) (4,467) Investments committed to purchase, not settled — — (34,185) Increase in limited partnership investment unfunded commitment — 7,565 — Proceeds from death benefit on bank-owned life insurance not received 1,973 — (384) Treasury shares issued 1,947 2,042 1,594 |
Earnings per Share
Earnings per Share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings per Share | Earnings per Share The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the years ending December 31: 2022 2021 2020 Weighted average common shares issued 113,914,902 113,914,902 113,914,902 Average treasury shares (20,089,722) (18,140,857) (16,254,304) Average deferred compensation shares (55,734) (55,590) (42,751) Average unearned nonvested shares (157,403) (134,565) (118,261) Weighted average common shares and common stock equivalents used to calculate basic earnings per share 93,612,043 95,583,890 97,499,586 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share 219,584 200,712 203,836 Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share 55,820 55,683 55,543 Weighted average common shares and common stock equivalents used to calculate diluted earnings per share 93,887,447 95,840,285 97,758,965 Per Share Data Basic Earnings Per Share $ 1.37 $ 1.45 $ 0.75 Diluted Earnings Per Share $ 1.37 $ 1.44 $ 0.75 The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the years ended December 31, because to do so would have been anti-dilutive. 2022 2021 2020 Price Range Price Range Price Range Shares From To Shares From To Shares From To Restricted Stock 128,860 $ 12.77 $ 16.43 99,344 $ 12.77 $ 15.96 92,499 $ 13.72 $ 15.44 Restricted Stock Units 25,983 $ 21.08 $ 21.08 — $ — $ — 106,931 $ 12.43 $ 15.37 |
Cash and Due from Banks
Cash and Due from Banks | 12 Months Ended |
Dec. 31, 2022 | |
Cash and Due from Banks [Abstract] | |
Cash and Due from Banks | Cash and Due from BanksRegulations of the Board of Governors of the Federal Reserve System impose uniform reserve requirements on all depository institutions with transaction accounts, such as checking accounts and NOW accounts. Reserves are maintained in the form of vault cash or balances held with the local Federal Reserve Bank. Because balances held at the Federal Reserve earn interest, depending on our liquidity position, we may maintain balances in excess of the reserve requirement. First Commonwealth maintained average balances of $181.6 million during 2022 and $309.6 million during 2021 with the Federal Reserve Bank of Cleveland. |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives | Derivatives Derivatives Not Designated as Hedging Instruments First Commonwealth is a party to interest rate derivatives that are not designated as hedging instruments. These derivatives relate to interest rate swaps that First Commonwealth enters into with customers to allow customers to convert variable rate loans to a fixed rate. First Commonwealth pays interest to the customer at a floating rate on the notional amount and receives interest from the customer at a fixed rate for the same notional amount. At the same time the interest rate swap is entered into with the customer, an offsetting interest rate swap is entered into with another financial institution. First Commonwealth pays the other financial institution interest at the same fixed rate on the same notional amount as the swap entered into with the customer, and receives interest from the financial institution for the same floating rate on the same notional amount. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss given default for all counterparties. We have 35 risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution. We have 15 risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are the lead bank. The risk participation agreement provides credit protection to us should the borrower fail to perform on its interest rate derivative contract with us. First Commonwealth is also party to interest rate caps and collars that are not designated as hedging instruments. The interest rate caps relate to contracts that First Commonwealth enters into with loan customers that provide a maximum interest rate on their variable rate loan. At the same time the interest rate cap is entered into with the customer, First Commonwealth enters into an offsetting interest rate cap with another financial institution. The notional amount and maximum interest rate on both interest cap contracts are identical. The interest rate collars relate to contracts that First Commonwealth enters into with loan customers that provides both a maximum and minimum interest rate on their variable rate loan. At the same time the interest rate collar is entered into with the customer, First Commonwealth enters into an offsetting interest rate collar with another financial institution. The notional amount and the maximum and minimum interest rates on both interest collar contracts are identical. The fee received, less the estimate of the loss for the credit exposure, was recognized in earnings at the time of the transaction. Derivatives Designated as Hedging Instruments In August 2019, the Company entered into two interest rate swap contracts that are designated as cash flow hedges. These contracts mature on August 15, 2024 and August 15, 2026 and have notional amounts of $30.0 million and $40.0 million, respectively. The Company's risk management objective for these hedges is to reduce its exposure to variability in expected future cash flows related to interest payments made on subordinated debentures benchmarked to the 3-month LIBOR rate. Therefore, the interest rate swaps convert the interest rate benchmark on the first $70.0 million of 3-month LIBOR based subordinated debentures to a fixed rate. During 2021, the Company entered into eight interest rate swap contracts that were designated as cash flow hedges. The interest rate swaps have a total notional amount of $500.0 million; $75.0 million with an original maturity of three years, $250.0 million with an original maturity of four years, and $175.0 million with an original maturity of five years. The Company's risk management objective for these hedges is to reduce its exposure to variability in expected future cash flows related to interest payments on commercial loans benchmarked to the 1-month LIBOR rate. Therefore, the interest rate swaps convert the interest payments on the first $500.0 million of 1-month LIBOR based commercial loans into fixed rate payments. The periodic net settlement of these interest rate swaps are recorded as an adjustment to "Interest on subordinated debentures" or "Interest and fees on loans" in the Consolidated Statement of Income. For the years ended December 31, 2022 and 2020, net interest income decreased $4.8 million and $0.4 million, respectively, and increased $0.6 million for the year ended December 31, 2021 as a result of these interest rate swaps. Changes in the fair value of the cash flow hedges are reported on the balance sheet and in OCI. When the cash flows associated with the hedged item are realized, the gain or loss included in OCI is recognized in "Interest on subordinated debentures" or "Interest and fees on loans," in the Consolidated Statements of Income in the same line item as the income or expense on the hedged items. The cash flow hedges were highly effective at December 31, 2022 and changes in the fair value attributed to hedge ineffectiveness were not material. The Company also enters into interest rate lock commitments in conjunction with its mortgage origination business. These are commitments to originate loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. The Company locks in the rate with an investor and commits to deliver the loan if settlement occurs (“best efforts”) or commits to deliver the locked loan in a binding (“mandatory”) delivery program with an investor. Loans under mandatory rate lock commitments are covered under forward sales contracts of mortgage-backed securities (“MBS”). Forward sales contracts of MBS are recorded at fair value with changes in fair value recorded in "Noninterest income" in the Consolidated Statements of Income. The impact to noninterest income for the years ended December 31, 2022 and 2021 was a decrease of $0.1 million and $0.5 million, respectively, and an increase of $0.4 million for the year ended December 31, 2020. Interest rate lock commitments and commitments to deliver loans to investors are considered derivatives. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because they are not actively traded in stand-alone markets. We determine the fair value of rate lock commitments and delivery contracts by measuring the fair value of the underlying asset, which is impacted by current interest rates and taking into consideration the probability that the rate lock commitments will close or will be funded. At December 31, 2022, the underlying funded mortgage loan commitments had a carrying value of $4.3 million and a fair value of $4.0 million, while the underlying unfunded mortgage loan commitments had a notional amount of $12.0 million. At December 31, 2021, the underlying funded mortgage loan commitments had a carrying value of $11.0 million and a fair value of $11.9 million, while the underlying unfunded mortgage loan commitments had a notional amount of $29.7 million. In addition, a small amount of interest income on loans is exposed to changes in foreign exchange rates. Several commercial borrowers have a portion of their operations outside of the United States and borrow funds on a short-term basis to fund those operations. In order to reduce the risk related to the translation of foreign denominated transactions into U.S. dollars, the Company enters into foreign exchange forward contracts. These contracts relate principally to the Euro and the Canadian dollar. The contracts are recorded at fair value with changes in fair value recorded in "Other operating expenses" in the Consolidated Statements of Income. The impact on other noninterest expense for the years ended December 31, 2022 totaled $5 thousand, $11 thousand and $18 thousand, respectively. There were no foreign exchange forward contracts outstanding at December 31, 2022. At December 31, 2021, the underlying loans exposed to changes in foreign exchange rates had both a carrying value and a fair value of $2.0 million. The following table depicts the credit value adjustment recorded relative to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks at December 31: 2022 2021 (dollars in thousands) Derivatives not Designated as Hedging Instruments Credit value adjustment $ (27) $ (395) Notional Amount: Interest rate derivatives 816,745 708,759 Interest rate caps 15,340 66,007 Interest rate collars 35,354 35,354 Risk participation agreements 256,043 241,111 Sold credit protection on risk participation agreements (100,741) (95,618) Interest rate options 12,009 29,691 Derivatives Designated as Hedging Instruments Interest rate swaps: Fair value adjustment (38,596) (7,022) Notional Amount 570,000 570,000 Interest rate forwards: Fair value adjustment 63 (29) Notional Amount 16,000 38,000 Foreign exchange forwards: Fair value adjustment — 12 Notional Amount — 1,982 The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in “Other income” on the Consolidated Statements of Income for the years ended December 31: 2022 2021 2020 (dollars in thousands) Non-hedging interest rate derivatives: (Decrease) increase in other income $ (363) $ 728 $ (981) Hedging interest rate derivatives: (Decrease) increase in interest and fees on loans (5,125) 1,567 — (Decrease) increase in interest from subordinated debentures (283) 959 449 Hedging interest rate forwards: (Decrease) increase in other income (92) (454) 420 Hedging interest rate derivatives: Increase in other expense 5 11 18 The fair value of our derivatives is included in a table in Note 17, “Fair Values of Assets and Liabilities,” in the line items “Other assets” and “Other liabilities.” |
Investment Securities
Investment Securities | 12 Months Ended |
Dec. 31, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | Investment Securities Securities Available for Sale Below is an analysis of the amortized cost and fair values of securities available for sale at December 31: 2022 2021 Amortized Gross Gross Estimated Amortized Gross Gross Estimated (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Residential $ 4,127 $ 37 $ (181) $ 3,983 $ 5,242 $ 420 $ — $ 5,662 Mortgage-Backed Securities – Commercial 324,306 — (52,890) 271,416 365,024 1,725 (4,459) 362,290 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 527,777 59 (78,847) 448,989 632,687 6,308 (9,021) 629,974 Other Government-Sponsored Enterprises 1,000 — (118) 882 1,000 — (19) 981 Obligations of States and Political Subdivisions 9,482 — (1,295) 8,187 9,538 89 (103) 9,524 Corporate Securities 32,010 179 (2,985) 29,204 32,088 973 (112) 32,949 Total Securities Available for Sale $ 898,702 $ 275 $ (136,316) $ 762,661 $ 1,045,579 $ 9,515 $ (13,714) $ 1,041,380 Mortgage backed securities include mortgage backed obligations of U.S. Government agencies and obligations of U.S. Government-sponsored enterprises. These obligations have contractual maturities ranging from less than one year to approximately 40 years with lower anticipated lives to maturity due to prepayments. All mortgage backed securities contain a certain amount of risk related to the uncertainty of prepayments of the underlying mortgages. Interest rate changes have a direct impact upon prepayment speeds; therefore, First Commonwealth uses computer simulation models to test the average life and yield volatility of all mortgage backed securities under various interest rate scenarios to monitor the potential impact on earnings and interest rate risk positions. Expected maturities will differ from contractual maturities because issuers may have the right to call or repay obligations with or without call or prepayment penalties. Other fixed income securities within the portfolio also contain prepayment risk. The amortized cost and estimated fair value of debt securities available for sale at December 31, 2022, by contractual maturity, are shown below: Amortized Estimated (dollars in thousands) Due within 1 year $ 5,001 $ 4,997 Due after 1 but within 5 years 8,881 8,654 Due after 5 but within 10 years 28,610 24,622 Due after 10 years — — 42,492 38,273 Mortgage-Backed Securities (a) 856,210 724,388 Total Debt Securities $ 898,702 $ 762,661 (a) Mortgage Backed Securities include an amortized cost of $328.4 million and a fair value of $275.4 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $527.8 million and a fair value of $449.0 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. Proceeds from sales of securities and gross gains (losses) realized on sales, calls and maturities of securities available for sale were as follows for the years ended December 31: 2022 2021 2020 (dollars in thousands) Proceeds from sales $ — $ — $ — Gross (losses) gains realized: Sales Transactions: Gross gains $ — $ — $ — Gross losses — — — — — — Maturities Gross gains 2 16 70 Gross losses — — — 2 16 70 Net gains $ 2 $ 16 $ 70 Gross gains from maturities recognized in 2022, 2021 and 2020 were the result of calls on municipal securities. Securities available for sale with an approximate fair value of $626.7 million and $759.1 million were pledged as of December 31, 2022 and 2021, respectively, to secure public deposits and for other purposes required or permitted by law. Securities Held to Maturity Below is an analysis of the amortized cost and fair values of debt securities held to maturity at December 31: 2022 2021 Amortized Gross Gross Estimated Amortized Gross Gross Estimated (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Residential $ 2,008 $ — $ (224) $ 1,784 $ 2,409 $ 101 $ — $ 2,510 Mortgage-Backed Securities – Commercial 75,229 — (14,196) 61,033 91,439 305 (1,939) 89,805 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 329,267 — (53,002) 276,265 387,848 2,800 (5,758) 384,890 Mortgage-Backed Securities – Commercial 4,794 — (129) 4,665 7,309 148 — 7,457 Other Government-Sponsored Enterprises 22,221 — (4,501) 17,720 21,904 — (625) 21,279 Obligations of States and Political Subdivisions 26,643 — (2,865) 23,778 29,402 414 (103) 29,713 Debt Securities Issued by Foreign Governments 1,000 — (40) 960 1,000 — (3) 997 Total Securities Held to Maturity $ 461,162 $ — $ (74,957) $ 386,205 $ 541,311 $ 3,768 $ (8,428) $ 536,651 The amortized cost and estimated fair value of debt securities held to maturity at December 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Amortized Estimated (dollars in thousands) Due within 1 year $ 1,145 $ 1,143 Due after 1 but within 5 years 9,819 9,315 Due after 5 but within 10 years 38,337 31,570 Due after 10 years 563 430 49,864 42,458 Mortgage-Backed Securities (a) 411,298 343,747 Total Debt Securities $ 461,162 $ 386,205 (a) Mortgage Backed Securities include an amortized cost of $77.2 million and a fair value of $62.8 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $334.1 million and a fair value of $280.9 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. Securities held to maturity with an amortized cost of $368.8 million and $313.9 million were pledged as of December 31, 2022 and 2021, respectively, to secure public deposits for other purposes required or permitted by law. Other Investments As a member of the Federal Home Loan Bank ("FHLB"), First Commonwealth is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. The level of stock required to be held is dependent on the amount of First Commonwealth's mortgage related assets and outstanding borrowings with the FHLB. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is unlike other investment securities insofar as there is no trading market for FHLB stock and the transfer price is determined by FHLB membership rules and not by market participants. As of December 31, 2022 and 2021, our FHLB stock totaled $25.2 million and $11.7 million, respectively and is included in “Other investments” on the Consolidated Statements of Financial Condition. FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. First Commonwealth evaluates impairment quarterly and has concluded that the par value of its investment in FHLB stock will be recovered. Accordingly, no impairment charge was recorded on these securities for the year ended December 31, 2022. At both December 31, 2022 and 2021, Other Investments also includes $1.2 million in equity securities. These securities do not have a readily determinable fair value and are carried at cost. For the years ended December 31, 2022 and 2021, there were no gains or losses recognized through earnings on equity securities. On a quarterly basis, management evaluates equity securities by reviewing research reports, analysts’ recommendations, credit rating changes, news stories, annual reports, regulatory filings, impact of interest rate changes and other relevant information. Impairment of Investment Securities On January 1, 2020, First Commonwealth adopted Topic 326, which requires estimated credit losses on held to maturity securities be recorded as an allowance for credit loss instead of a reduction in the amortized cost of the securities. There were no estimated credit losses recorded during the years ended December 31, 2022, 2021 and 2020. First Commonwealth utilizes the specific identification method to determine the net gain or loss on debt securities and the average cost method to determine the net gain or loss on equity securities. We review our investment portfolio on a quarterly basis for indications of impairment. For available for sale securities the review includes analyzing the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer and whether we are more likely than not to sell the security. We evaluate whether we are more likely than not to sell debt securities based upon our investment strategy for the particular type of security and our cash flow needs, liquidity position, capital adequacy, tax position and interest rate risk position. Held-to-maturity securities are evaluated for impairment on a quarterly basis using historical probability of default and loss given default information specific to the investment category. If this evaluation determines that credit losses exist, an allowance for credit loss is recorded and included in earnings as a component of credit loss expense. The following table presents the gross unrealized losses and estimated fair values at December 31, 2022 for available for sale securities for which an allowance for credit losses has not been recorded and held to maturity securities by investment category and time frame for which the securities have been in a continuous unrealized loss position: Less Than 12 Months 12 Months or More Total Estimated Gross Estimated Gross Estimated Gross (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Residential $ 3,734 $ (405) $ — $ — $ 3,734 $ (405) Mortgage-Backed Securities – Commercial 92,208 (12,364) 240,241 (54,722) 332,449 (67,086) Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 239,760 (21,543) 482,195 (110,306) 721,955 (131,849) Mortgage-Backed Securities – Commercial 4,666 (129) — — 4,666 (129) Other Government-Sponsored Enterprises — — 18,603 (4,619) 18,603 (4,619) Obligations of States and Political Subdivisions 21,234 (1,979) 9,230 (2,181) 30,464 (4,160) Debt Securities Issued by Foreign Governments 587 (13) 373 (27) 960 (40) Corporate Securities 14,406 (590) 12,632 (2,395) 27,038 (2,985) Total Securities $ 376,595 $ (37,023) $ 763,274 $ (174,250) $ 1,139,869 $ (211,273) At December 31, 2022, fixed income securities issued by U.S. Government Agencies and U.S. Government-sponsored enterprises comprised 97% of total unrealized losses. All unrealized losses are a result of changes in market interest rates. At December 31, 2022, there were 209 debt securities in an unrealized loss position. There were no equity securities in an unrealized loss position at December 31, 2022. The following table presents the gross unrealized losses and estimated fair value at December 31, 2021 for both available for sale and held to maturity securities by investment category and time frame for which the securities had been in a continuous unrealized loss position: Less Than 12 Months 12 Months or More Total Estimated Gross Estimated Gross Estimated Gross (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Commercial $ 320,414 $ (6,398) $ — $ — $ 320,414 $ (6,398) Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 658,965 (14,779) — — 658,965 (14,779) Other Government-Sponsored Enterprises 22,261 (644) — — 22,261 (644) Obligations of States and Political Subdivisions 11,213 (206) — — 11,213 (206) Debt Securities Issued by Foreign Governments 997 (3) — — 997 (3) Corporate Securities 19,013 (112) — — 19,013 (112) Total Securities $ 1,032,863 $ (22,142) $ — $ — $ 1,032,863 $ (22,142) As of December 31, 2022, our corporate securities had an amortized cost and estimated fair value of $32.0 million and $29.2 million, respectively, and were comprised of debt for large regional banks. At December 31, 2021, these securities had an amortized cost of $32.1 million and estimated fair value of $32.9 million. When unrealized losses exist, management reviews each of the issuer’s asset quality, earnings trend and capital position, to determine whether the unrealized loss position is a result of credit losses. All interest payments on the corporate securities are being made as contractually required. |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses | 12 Months Ended |
Dec. 31, 2022 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Loans and Allowance for Credit Losses | Loans and Leases and Allowance for Credit Losses Loans and leases are presented in the Consolidated Statements of Financial Condition net of deferred loan fees and costs, and discounts related to purchased loans. Net deferred costs were $5.9 million and $0.8 million as of December 31, 2022 and 2021, respectively, and discounts on purchased loans were $5.4 million and $6.0 million at December 31, 2022 and 2021, respectively. The following table provides outstanding balances related to each of our loan types as of December 31: 2022 2021 (dollars in thousands) Commercial, financial, agricultural and other $ 1,211,706 $ 1,173,452 Time and demand 1,023,824 1,159,524 Commercial credit cards 13,920 13,928 Equipment Finance 79,674 Time and demand other 94,288 Real estate construction 513,101 494,456 Construction other 395,439 Construction residential 117,662 Residential real estate 2,194,669 1,920,250 Residential first lien 1,547,192 1,299,534 Residential junior lien/home equity 647,477 620,716 Commercial real estate 2,425,012 2,251,097 Multifamily 431,151 385,432 Nonowner occupied 1,510,347 1,465,247 Owner occupied 483,514 400,418 Loans to individuals 1,297,655 999,975 Automobile and recreational vehicles 1,210,451 901,280 Consumer credit cards 10,657 11,151 Consumer other 76,547 87,544 Total loans and leases $ 7,642,143 $ 6,839,230 Commercial, financial, agricultural and other loans at December 31, 2022 and 2021 includes $4.3 million and $71.3 million, respectively, in PPP loans for small businesses who meet the necessary eligibility requirements. PPP loans are 100% guaranteed by the SBA under the CARES Act and are forgivable, in whole or in part, if the proceeds are used for payroll and other permitted purposes in accordance with the PPP requirements. Because PPP loans are fully guaranteed by the SBA, there is no allowance for credit losses recognized for these loans. First Commonwealth’s loan portfolio includes five primary loan categories. When calculating the allowance for credit losses these categories are classified into fourteen portfolio segments. During 2022, the portfolio loan segments were expanded from eleven to fourteen categories. Loan segments are explained below and all related tables are presented with loan segments considered in each respective period, as this expansion of loan segments is made on a prospective basis in accordance with applicable guidance. The composition of loans by portfolio segment includes; Commercial, financial, agricultural and other Time & Demand - Consists primarily of commercial and industrial loans. This category consists of loans that are typically cash flow dependent and therefore have different risk and loss characteristics than other commercial loans. Loans in this category include revolving and term structures with fixed and variable interest rates. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Commercial Credit Cards - Consists of unsecured credit cards for commercial customers. These commercial credit cards have separate characteristics outside of normal commercial non-real estate loans, as they tend to have shorter overall duration. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Equipment Finance - Consists of loans and leases to finance the purchase of equipment for commercial customers. The risk and loss characteristics are unique for this group due to the type of collateral. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. There were no equipment finance loans or leases in the portfolio prior to the first quarter of 2022. Time & Demand Other - Consists primarily of loans to state and political subdivisions and other commercial loans that have different characteristics than loans in the Time and Demand category. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of household debt to income and economic conditions measured by GDP. Prior to the first quarter of 2022, these loans were included in the Time and Demand category. The breakout into a separate category is the result of an annual review of loss history and loss drivers used in the allowance for credit losses model. Real estate construction Construction Other - Consists of construction loans to commercial builders and developers and are secured by the properties under development. Construction Residential - Consists of loans to finance the construction of residential properties during the construction period. Borrowers are typically individuals who will occupy the completed single family property. The risk and loss characteristics of these two construction categories are different than other real estate secured categories due to the collateral being at various stages of completion. The nature of the project and type of borrower of the two construction categories provides for unique risk and loss characteristics for each category. The primary macroeconomic drivers for estimating credit losses for construction loans include forecasts of national unemployment and measures of completed construction projects. Prior to the first quarter of 2022, all construction loans were included in one loan category. The breakout into separate construction categories is the result of an annual review of loss history and loss drivers used in the allowance for credit losses model. Residential real estate Residential first lien - Consists of loans with collateral of 1-4 family residencies with a senior lien position. The risk and loss characteristics are unique for this group because the collateral for these loans are the borrower’s primary residence. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and residential property values. Residential Junior Lien/Home Equity - Consists of loans with collateral of 1-4 family residencies with an open end line of credit or junior lien position. The junior lien position for the majority of these loans provides a higher risk of loss than other residential real estate loans. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and residential property values. Commercial real estate Multifamily - Consists of loans secured by commercial multifamily properties. Real estate related to rentals to consumers provide unique risk and loss characteristics. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of commercial real estate values and national unemployment. In the first quarter of 2022, as a result of an annual review of loss history and loss drivers, national unemployment replaced rental vacancy as one of the primary macroeconomic drivers in this category. Nonowner Occupied - Consists of loans secured by commercial real estate non-owner occupied and provides different loss characteristics than other real estate categories. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Owner Occupied - Consists of loans secured by commercial real estate owner occupied properties. The risk and loss characteristics of this category were considered different than other real estate categories because it is owner occupied and would impact the ability to conduct business. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of national unemployment and economic conditions measured by GDP. Loans to individuals Automobile and recreational vehicles - Consists of both direct and indirect loans with automobiles and recreational vehicles held as collateral. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and automobile retention value. Consumer Credit Cards – Consists of unsecured consumer credit cards The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and economic conditions measured by GDP. Other Consumer - Consists of lines of credit, student loans and other consumer loans, not secured by real estate or autos. The primary macroeconomic drivers for estimating credit losses for this category include forecasts of consumer sentiment and retail sales. In the first quarter of 2022, as a result of an annual review of loss history and loss drivers, retail sales replaced household debt as one of the primary macroeconomic factors for this category. The allowance for credit losses is calculated by pooling loans of similar credit risk characteristics and applying a discounted cash flow methodology after incorporating probability of default and loss given default estimates. Probability of default represents an estimate of the likelihood of default and loss given default measures the expected loss upon default. Inputs impacting the expected losses include a forecast of macroeconomic factors, using a weighted forecast from a nationally recognized firm. Our model incorporates a one-year forecast of macroeconomic factors, after which the factors revert back to the historical mean over a one-year period. The most significant macroeconomic factor used in estimating credit losses is the national unemployment rate. The forecasted value for national unemployment at the beginning of the forecast period was 3.68% and during the one-year forecast period it was projected to average 4.68%, with a peak of 5.01%. Credit Quality Information As part of the on-going monitoring of credit quality within the loan portfolio, the following credit worthiness categories are used in grading our commercial loans: Pass Acceptable levels of risk exist in the relationship. Includes all loans not classified as OAEM, substandard or doubtful. Other Assets Especially Mentioned (OAEM) Potential weaknesses that deserve management’s close attention. The potential weaknesses may result in deterioration of the repayment prospects or weaken the Bank’s credit position at some future date. The credit risk may be relatively minor, yet constitute an undesirable risk in light of the circumstances surrounding the specific credit. No loss of principal or interest is expected. Substandard Well-defined weakness or a weakness that jeopardizes the repayment of the debt. A loan may be classified as substandard as a result of deterioration of the borrower’s financial condition and repayment capacity. Loans for which repayment plans have not been met or collateral equity margins do not protect the Company may also be classified as substandard. Doubtful Loans with the characteristics of substandard loans with the added characteristic that collection or liquidation in full, on the basis of presently existing facts and conditions, is highly improbable. The Company’s internal creditworthiness grading system provides a measurement of credit risk based primarily on an evaluation of the borrower’s cash flow and collateral. Category ratings are reviewed each quarter, at which time management analyzes the results, as well as other external statistics and factors related to loan performance. The following tables represent our credit risk profile by creditworthiness category for the years ended December 31: 2022 Non-Pass Pass OAEM Substandard Doubtful Loss Total Non-Pass Total (dollars in thousands) Commercial, financial, agricultural and other $ 1,164,193 $ 35,389 $ 12,124 $ — $ — $ 47,513 $ 1,211,706 Time and demand 976,346 35,389 12,089 — — 47,478 1,023,824 Commercial credit cards 13,920 — — — — — 13,920 Equipment Finance 79,674 — — — — — 79,674 Time and demand other 94,253 — 35 — — 35 94,288 Real estate construction 513,101 — — — — — 513,101 Construction other 395,439 — — — — — 395,439 Construction residential 117,662 — — — — — 117,662 Residential real estate 2,187,780 736 6,153 — — 6,889 2,194,669 Residential first lien 1,542,854 675 3,663 — — 4,338 1,547,192 Residential junior lien/home equity 644,926 61 2,490 — — 2,551 647,477 Commercial real estate 2,347,000 52,291 25,721 — — 78,012 2,425,012 Multifamily 430,613 488 50 — — 538 431,151 Nonowner occupied 1,439,478 49,037 21,832 — — 70,869 1,510,347 Owner occupied 476,909 2,766 3,839 — — 6,605 483,514 Loans to individuals 1,297,206 — 449 — — 449 1,297,655 Automobile and recreational vehicles 1,210,090 — 361 — — 361 1,210,451 Consumer credit cards 10,657 — — — — — 10,657 Consumer other 76,459 — 88 — — 88 76,547 Total $ 7,509,280 $ 88,416 $ 44,447 $ — $ — $ 132,863 $ 7,642,143 2021 Non-Pass Pass OAEM Substandard Doubtful Loss Total Non-Pass Total (dollars in thousands) Commercial, financial, agricultural and other $ 1,121,234 $ 33,765 $ 18,453 $ — $ — $ 52,218 $ 1,173,452 Time and demand 1,107,306 33,765 18,453 — — 52,218 1,159,524 Commercial credit cards 13,928 — — — — — 13,928 Real estate construction 493,913 498 45 — — 543 494,456 Residential real estate 1,913,064 976 6,210 — — 7,186 1,920,250 Residential first lien 1,295,524 905 3,105 — — 4,010 1,299,534 Residential junior lien/home equity 617,540 71 3,105 — — 3,176 620,716 Commercial real estate 2,113,123 85,324 52,650 — — 137,974 2,251,097 Multifamily 355,702 14,565 15,165 — — 29,730 385,432 Nonowner occupied 1,368,922 63,783 32,542 — — 96,325 1,465,247 Owner occupied 388,499 6,976 4,943 — — 11,919 400,418 Loans to individuals 999,770 — 205 — — 205 999,975 Automobile and recreational vehicles 901,132 — 148 — — 148 901,280 Consumer credit cards 11,151 — — — — — 11,151 Consumer other 87,487 — 57 — — 57 87,544 Total $ 6,641,104 $ 120,563 $ 77,563 $ — $ — $ 198,126 $ 6,839,230 The following table summarizes the loan risk rating category by loan type including term loans on an amortized cost basis by origination year as of December 31: 2022 Term Loans Revolving Loans 2022 2021 2020 2019 2018 Prior Total (dollars in thousands) Time and demand $ 180,134 $ 165,064 $ 66,006 $ 88,959 $ 57,030 $ 57,907 $ 408,724 $ 1,023,824 Pass 180,134 154,542 56,592 79,935 56,718 56,309 392,116 976,346 OAEM — 10,489 8,387 1,846 250 895 13,522 35,389 Substandard — 33 1,027 7,178 62 703 3,086 12,089 Commercial credit cards — — — — — — 13,920 13,920 Pass — — — — — — 13,920 13,920 Equipment Finance 79,674 — — — — — — 79,674 Pass 79,674 — — — — — — 79,674 Time and demand other 7,172 20,281 19,626 3,823 2,885 36,197 4,304 94,288 Pass 7,172 20,281 19,626 3,823 2,885 36,162 4,304 94,253 Substandard — — — — — 35 — 35 Construction other 81,870 179,919 85,264 23,001 24,005 1,011 369 395,439 Pass 81,870 179,919 85,264 23,001 24,005 1,011 369 395,439 Construction residential 82,829 34,783 — 31 18 — 1 117,662 Pass 82,829 34,783 — 31 18 — 1 117,662 Residential first lien 272,136 507,573 337,995 102,870 69,890 255,573 1,155 1,547,192 Pass 272,136 507,042 337,979 102,097 69,212 253,310 1,078 1,542,854 OAEM — 164 — 133 51 250 77 675 Substandard — 367 16 640 627 2,013 — 3,663 Residential junior lien/home equity 77,016 49,273 1,499 2,584 1,683 4,396 511,026 647,477 Pass 77,016 49,273 1,499 2,517 1,683 4,263 508,675 644,926 OAEM — — — — — 51 10 61 Substandard — — — 67 — 82 2,341 2,490 Multifamily 140,004 90,868 60,699 39,848 19,914 78,483 1,335 431,151 Pass 140,004 90,868 60,699 39,848 19,914 77,945 1,335 430,613 OAEM — — — — — 488 — 488 Substandard — — — — — 50 — 50 Nonowner occupied 298,751 153,918 115,947 214,068 141,814 581,060 4,789 1,510,347 Pass 298,751 153,918 115,947 212,588 113,638 541,007 3,629 1,439,478 OAEM — — — 1,480 20,349 26,207 1,001 49,037 Substandard — — — — 7,827 13,846 159 21,832 Owner occupied 113,010 105,513 56,977 44,430 26,456 131,432 5,696 483,514 Pass 113,010 105,309 55,468 43,014 26,294 128,230 5,584 476,909 OAEM — 182 745 791 92 923 33 2,766 Substandard — 22 764 625 70 2,279 79 3,839 Automobile and recreational vehicles 613,513 330,298 172,530 68,996 20,589 4,525 — 1,210,451 Pass 613,513 330,252 172,435 68,865 20,524 4,501 — 1,210,090 Substandard — 46 95 131 65 24 — 361 Consumer credit cards — — — — — — 10,657 10,657 Pass — — — — — — 10,657 10,657 Consumer other 6,561 17,177 2,489 3,798 1,656 4,085 40,781 76,547 Pass 6,561 17,177 2,489 3,775 1,652 4,085 40,720 76,459 Substandard — — — 23 4 — 61 88 Total $ 1,952,670 $ 1,654,667 $ 919,032 $ 592,408 $ 365,940 $ 1,154,669 $ 1,002,757 $ 7,642,143 2021 Term Loans Revolving Loans 2021 2020 2019 2018 2017 Prior Total (dollars in thousands) Time and demand $ 281,244 $ 126,403 $ 143,030 $ 91,118 $ 45,442 $ 111,127 $ 361,160 $ 1,159,524 Pass 280,854 125,728 128,080 83,204 31,472 102,399 355,569 1,107,306 OAEM 390 596 1,125 7,780 13,945 7,126 2,803 33,765 Substandard — 79 13,825 134 25 1,602 2,788 18,453 Commercial credit cards — — — — — — 13,928 13,928 Pass — — — — — — 13,928 13,928 Real estate construction 202,016 129,298 123,153 38,267 441 841 440 494,456 Pass 201,992 128,824 123,153 38,267 441 796 440 493,913 OAEM 24 474 — — — — — 498 Substandard — — — — — 45 — 45 Residential first lien 376,106 375,904 126,788 84,484 74,268 260,010 1,974 1,299,534 Pass 376,095 375,885 126,618 84,079 74,135 256,815 1,897 1,295,524 OAEM — — — 67 — 761 77 905 Substandard 11 19 170 338 133 2,434 — 3,105 Residential junior lien/home equity 56,861 1,999 3,322 2,684 1,009 5,348 549,493 620,716 Pass 56,861 1,999 3,246 2,684 1,009 5,195 546,546 617,540 OAEM — — — — — 61 10 71 Substandard — — 76 — — 92 2,937 3,105 Multifamily 90,062 73,068 16,782 36,523 63,872 103,774 1,351 385,432 Pass 90,062 73,068 16,782 21,846 49,832 102,761 1,351 355,702 OAEM — — — — 14,040 525 — 14,565 Substandard — — — 14,677 — 488 — 15,165 Nonowner occupied 194,137 98,840 202,236 173,053 177,295 615,943 3,743 1,465,247 Pass 194,137 98,840 202,236 155,293 152,174 563,743 2,499 1,368,922 OAEM — — — 3,723 19,235 39,737 1,088 63,783 Substandard — — — 14,037 5,886 12,463 156 32,542 Owner occupied 77,710 62,380 53,954 34,115 32,989 134,713 4,557 400,418 Pass 77,710 59,973 51,513 33,623 31,644 129,593 4,443 388,499 OAEM — 2,194 1,220 492 1,321 1,716 33 6,976 Substandard — 213 1,221 — 24 3,404 81 4,943 Automobile and recreational vehicles 456,730 252,518 122,943 48,375 17,230 3,484 — 901,280 Pass 456,730 252,518 122,867 48,361 17,224 3,432 — 901,132 Substandard — — 76 14 6 52 — 148 Consumer credit cards — — — — — — 11,151 11,151 Pass — — — — — — 11,151 11,151 Consumer other 22,156 4,655 8,030 5,084 542 5,503 41,574 87,544 Pass 22,156 4,655 8,030 5,084 542 5,460 41,560 87,487 Substandard — — — — — 43 14 57 Total $ 1,757,022 $ 1,125,065 $ 800,238 $ 513,703 $ 413,088 $ 1,240,743 $ 989,371 $ 6,839,230 Portfolio Risks The credit quality of our loan portfolio can potentially represent significant risk to our earnings, capital and liquidity. First Commonwealth devotes a substantial amount of resources managing this risk primarily through our credit administration department that develops and administers policies and procedures for underwriting, maintaining, monitoring and collecting loans. Credit administration is independent of lending departments and oversight is provided by the credit committee of the First Commonwealth Board of Directors. Total gross charge-offs for the years ended December 31, 2022 and 2021 were $9.8 million and $13.1 million, respectively. Age Analysis of Past Due Loans by Segment The following tables delineate the aging analysis of the recorded investments in past due loans as of December 31. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection. 2022 30 - 59 60 - 89 90 days Nonaccrual Total past Current Total (dollars in thousands) Commercial, financial, agricultural and other $ 1,233 $ 279 $ 355 $ 2,374 $ 4,241 $ 1,207,465 $ 1,211,706 Time and demand 1,121 270 352 2,374 4,117 1,019,707 1,023,824 Commercial credit cards 27 9 — — 36 13,884 13,920 Equipment Finance — — — — — 79,674 79,674 Time and demand other 85 — 3 — 88 94,200 94,288 Real estate construction 502 — — — 502 512,599 513,101 Construction other — — — — — 395,439 395,439 Construction residential 502 — — — 502 117,160 117,662 Residential real estate 3,023 1,178 811 5,683 10,695 2,183,974 2,194,669 Residential first lien 1,547 771 214 3,369 5,901 1,541,291 1,547,192 Residential junior lien/home equity 1,476 407 597 2,314 4,794 642,683 647,477 Commercial real estate 7,870 25 93 20,539 28,527 2,396,485 2,425,012 Multifamily 202 — — — 202 430,949 431,151 Nonowner occupied 7,547 — 92 19,575 27,214 1,483,133 1,510,347 Owner occupied 121 25 1 964 1,111 482,403 483,514 Loans to individuals 3,268 571 732 449 5,020 1,292,635 1,297,655 Automobile and recreational vehicles 2,694 368 295 361 3,718 1,206,733 1,210,451 Consumer credit cards 53 29 5 — 87 10,570 10,657 Consumer other 521 174 432 88 1,215 75,332 76,547 Total $ 15,896 $ 2,053 $ 1,991 $ 29,045 $ 48,985 $ 7,593,158 $ 7,642,143 2021 30 - 59 60 - 89 90 days Nonaccrual Total past Current Total (dollars in thousands) Commercial, financial, agricultural and other $ 633 $ 987 $ 155 $ 2,006 $ 3,781 $ 1,169,671 $ 1,173,452 Time and demand 605 972 144 2,006 3,727 1,155,797 1,159,524 Commercial credit cards 28 15 11 — 54 13,874 13,928 Real estate construction 813 — 448 45 1,306 493,150 494,456 Residential real estate 3,393 983 218 5,608 10,202 1,910,048 1,920,250 Residential first lien 1,934 354 51 2,706 5,045 1,294,489 1,299,534 Residential junior lien/home equity 1,459 629 167 2,902 5,157 615,559 620,716 Commercial real estate — 74 — 40,195 40,269 2,210,828 2,251,097 Multifamily — — — 15,097 15,097 370,335 385,432 Nonowner occupied — — — 23,930 23,930 1,441,317 1,465,247 Owner occupied — 74 — 1,168 1,242 399,176 400,418 Loans to individuals 1,611 417 785 206 3,019 996,956 999,975 Automobile and recreational vehicles 1,228 175 199 148 1,750 899,530 901,280 Consumer credit cards 36 44 63 — 143 11,008 11,151 Consumer other 347 198 523 58 1,126 86,418 87,544 Total $ 6,450 $ 2,461 $ 1,606 $ 48,060 $ 58,577 $ 6,780,653 $ 6,839,230 Nonaccrual Loans The previous tables summarize nonaccrual loans by loan segment. The Company generally places loans on nonaccrual status when the full and timely collection of interest or principal becomes uncertain, when part of the principal balance has been charged off and no restructuring has occurred, or the loans reach a certain number of days past due. Generally, loans 90 days or more past due are placed on nonaccrual status, except for consumer loans which are placed in nonaccrual status at 150 days past due. When a loan is placed on nonaccrual, the accrued unpaid interest receivable is reversed against interest income and all future payments received are applied as a reduction to the loan principal. Generally, the loan is returned to accrual status when (a) all delinquent interest and principal become current under the terms of the loan agreement or (b) the loan is both well-secured and in the process of collection and collectability is no longer in doubt. Nonperforming Loans Management considers loans to be nonperforming when, based on current information and events, it is determined that the Company will not be able to collect all amounts due according to the loan contract, including scheduled interest payments. Nonperforming loans includes nonaccrual loans and all troubled debt restructured loans. When management identifies a loan as nonperforming, the credit loss is measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole source or repayment for the loan is the operation or liquidation of collateral. When the loan is collateral dependent, the appraised value less estimated cost to sell is utilized. If management determines the value of the loan is less than the recorded investment in the loan, a credit loss is recognized through an allowance or a charge-off to the allowance for credit losses. When the ultimate collectability of the total principal of a nonperforming loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of a nonperforming loan is not in doubt and the loan is on nonaccrual status, contractual interest is credited to interest income when received under the cash basis method. There were no nonperforming loans held for sale at both December 31, 2022 and 2021. There were no gains on nonperforming loans held for sale during both of the years ended December 31, 2022 and 2020. There was $0.4 million in gains on sale of nonperforming loans recognized during the year ended December 31, 2021. The following tables include the recorded investment and unpaid principal balance for nonperforming loans with the associated allowance amount, if applicable, as of December 31, 2022 and 2021. Also presented are the average recorded investment in nonperforming loans and the related amount of interest recognized while the loan was considered nonperforming for the years ended December 31, 2022, 2021 and 2020. Average balances are calculated based on month-end balances of the loans for the period reported and are included in the table below based on its period end allowance position. 2022 Recorded Unpaid Related Average Interest (dollars in thousands) With no related specific allowance recorded: Commercial, financial, agricultural and other $ 3,141 $ 9,555 $ 3,751 $ 157 Time and demand 3,141 9,555 3,751 157 Equipment Finance — — — — Time and demand other — — — — Real estate construction — — — — Construction other — — — — Construction residential — — — — Residential real estate 9,145 11,010 9,040 241 Residential first lien 5,754 6,848 5,280 172 Residential junior lien/home equity 3,391 4,162 3,760 69 Commercial real estate 21,505 24,119 22,983 172 Multifamily — — 172 43 Nonowner occupied 20,155 22,565 21,304 104 Owner occupied 1,350 1,554 1,507 25 Loans to individuals 528 563 455 16 Automobile and recreational vehicles 440 475 378 16 Consumer other 88 88 77 — Subtotal 34,319 45,247 36,229 586 With a specific allowance recorded: Commercial, financial, agricultural and other $ 1,168 $ 1,186 $ 711 $ 261 $ 8 Time and demand 1,168 1,186 711 261 8 Equipment Finance — — — — — Time and demand other — — — — — Real estate construction — — — — — Construction other — — — — — Construction residential — — — — — Residential real estate — — — — — Residential first lien — — — — — Residential junior lien/home equity — — — — — Commercial real estate — — — — — Multifamily — — — — — Nonowner occupied — — — — — Owner occupied — — — — — Loans to individuals — — — — — Automobile and recreational vehicles — — — — — Consumer other — — — — — Subtotal 1,168 1,186 711 261 8 Total $ 35,487 $ 46,433 $ 711 $ 36,490 $ 594 2021 Recorded Unpaid Related Average Interest (dollars in thousands) With no related specific allowance recorded: Commercial, financial, agricultural and other $ 3,720 $ 10,303 $ 9,240 $ 389 Time and demand 3,720 10,303 9,240 389 Real estate construction 45 53 53 — Residential real estate 9,365 11,294 10,315 375 Residential first lien 5,200 6,337 5,674 279 Residential junior lien/home equity 4,165 4,957 4,641 96 Commercial real estate 40,591 41,525 26,235 119 Multifamily 14,677 14,677 1,223 — Nonowner occupied 24,581 25,310 22,668 28 Owner occupied 1,333 1,538 2,344 91 Loans to individuals 446 485 479 15 Automobile and recreational vehicles 388 422 425 15 Consumer other 58 63 54 — Subtotal 54,167 63,660 46,322 898 With a specific allowance recorded: Commercial, financial, agricultural and other $ 327 $ 349 $ 307 $ 84 $ — Time and demand 327 349 307 84 — Real estate construction — — — — — Residential real estate — — — — — Residential first lien — — — — — Residential junior lien/home equity — — — — — Commercial real estate 686 711 88 665 — Multifamily 421 446 88 444 — Nonowner occupied — — — — — Owner occupied 265 265 — 221 — Loans to individuals — — — — — Automobile and recreational vehicles — — — — — Consumer other — — — — — Subtotal 1,013 1,060 395 749 — Total $ 55,180 $ 64,720 $ 395 $ 47,071 $ 898 2020 Average Interest (dollars in thousands) With no related specific allowance recorded: Commercial, financial, agricultural and other $ 6,371 $ 80 Time and demand 6,371 80 Real estate construction 146 14 Residential real estate 11,913 335 Residential first lien 6,605 241 Residential junior lien/home equity 5,308 94 Commercial real estate 22,287 184 Multifamily 1 — Nonowner occupied 18,536 82 Owner occupied 3,750 102 Loans to individuals 470 13 Automobile and recreational vehicles 447 13 Consumer other 23 — Subtotal 41,187 626 With a specific allowance recorded: Commercial, financial, agricultural and other $ 1,544 $ 3 Time and demand 1,544 3 Real estate construction — — Residential real estate — — Residential first lien — — Residential junior lien/home equity — — Commercial real estate 7,997 10 Multifamily 395 — Nonowner occupied 7,363 — Owner occupied 239 10 Loans to individuals — — Automobile and recreational vehicles — — Consumer other — — Subtotal 9,541 13 Total $ 50,728 $ 639 Unfunded commitments related to nonperforming loans were $0.2 million at both December 31, 2022 and 2021. After considering the collateral related to these commitments, there was no reserve established as of December 31, 2022 or 2021. Troubled debt restructured loans are those loans whose terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternate financing sources. Troubled debt restructured loans are considered to be nonperforming loans. The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans as of December 31: 2022 2021 2020 (dollars in thousands) Troubled debt restructured loans Accrual status $ 6,442 $ 7,120 $ 8,512 Nonaccrual status 8,852 13,134 14,740 Total $ 15,294 $ 20,254 $ 23,252 Commitments Letters of credit $ 60 $ 60 $ 60 Unused lines of credit 23 16 11 Total $ 83 $ 76 $ 71 The following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings during the years ending December 31: 2022 Type of Modification Number Extend Modify Modify Total Post- Specific (dollars in thousands) Residential real estate 5 $ — $ 10 $ 683 $ 693 $ 676 $ — Residential first lien 5 — 10 683 693 676 — Total 5 $ — $ 10 $ 683 $ 693 $ 676 $ — 2021 Type of Modification Number Extend Modify Modify Total Post- Specific (dollars in thousands) Commercial, financial, agricultural and other 6 $ — $ — $ 7,893 $ 7,893 $ 288 $ — Time and demand 6 — — 7,893 7,893 288 — Residential real estate 15 — 359 301 660 624 — Residential first lien 12 — 359 171 530 502 — Residential junior lien/home equity 3 — — 130 130 122 — Commercial real estate 2 — — 644 644 634 — Nonowner occupied 2 — — 644 644 634 — Loans to individuals 7 — 110 63 173 144 — Automobile and recreational vehicles 7 — 110 63 173 144 — Total 30 $ — $ 469 $ 8,901 $ 9,370 $ 1,690 $ — 2020 Type of Modification Number Extend Modify Modify Total Post- Specific (dollars in thousands) Commercial, financial, agricultural and other 4 $ — $ 629 $ 2,176 $ 2,805 $ 2,196 $ 636 Time and demand 4 — 629 2,176 2,805 2,196 636 Residential real estate 18 — 33 917 950 791 — Residential first lien 9 — 33 513 546 411 — Residential junior lien/home equity 9 — — 404 404 380 — Commercial real estate 5 — — 10,857 10,857 10,758 — Nonowner occupied 4 — — 10,289 10,289 10,263 — Owner occupied 1 — — 568 568 495 — Loans to individuals 14 — 114 148 262 224 — Automobile and recreational vehicles 14 — 114 148 262 224 — Total 41 $ — $ 776 $ 14,098 $ 14,874 $ 13,969 $ 636 The troubled debt restructurings included in the above tables are also included in the nonperforming loan tables provided earlier in this footnote. Loans defined as modified due to a change in rate include loans that were modified for a change in rate as well as a re-amortization of the principal and an extension of the maturity. For the years ended December 31, 2022, 2021 and 2020, $10 thousand, $0.4 million and $0.8 million, respectively, of total rate modifications represent loans with modifications to the rate as well as payment due to re-amortization. In 2022 and 2020, the changes in loan balances between the pre-modification balance and post-modification bala |
Commitments and Letters of Cred
Commitments and Letters of Credit | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Letters of Credit | Commitments and Letters of Credit First Commonwealth is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financial needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statements of Financial Condition. First Commonwealth’s exposure to credit loss in the event of nonperformance by the other party of the financial instrument for commitments to extend credit, standby letters of credit and commercial letters of credit is represented by the contract or notional amount of those instruments. First Commonwealth uses the same credit policies for underwriting all loans, including these commitments and conditional obligations. As of December 31, 2022 and 2021, First Commonwealth did not own or trade other financial instruments with significant off-balance sheet risk including derivatives such as futures, forwards, option contracts and the like, although such instruments may be appropriate to use in the future to manage interest rate risk. See Note 7, “Derivatives,” for a description of interest rate derivatives entered into by First Commonwealth. Standby letters of credit and commercial letters of credit are conditional commitments issued by First Commonwealth to guarantee the performance of a customer to a third party. The contract or notional amount of these instruments reflects the maximum amount of future payments that First Commonwealth could be required to pay under the guarantees if there were a total default by the guaranteed parties, without consideration for possible recoveries under recourse provisions or from collateral held or pledged. In addition, many of these commitments are expected to expire without being drawn upon; therefore, the total commitment amounts do not necessarily represent future cash requirements. The following table identifies the notional amount of those instruments at December 31: 2022 2021 (dollars in thousands) Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 2,356,539 $ 2,353,991 Financial standby letters of credit 18,417 18,824 Performance standby letters of credit 12,853 10,663 Commercial letters of credit 573 975 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. First Commonwealth evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by First Commonwealth upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral that is held varies but may include accounts receivable, inventory, property, plant and equipment, and residential and income-producing commercial properties. The notional amounts outstanding at December 31, 2022 include amounts issued in 2022 of $1.3 million in financial standby letters of credit and $4.9 million in performance standby letters of credit. There were no commercial letters of credit issued during 2022. A liability of $0.1 million has been recorded as of December 31, 2022 and 2021, which represents the estimated fair value of letters of credit issued. The fair value of letters of credit is estimated based on the unrecognized portion of fees received at the time the commitment was issued. Unused commitments and letters of credit provide exposure to future credit loss in the event of nonperformance by the borrower or guaranteed parties. Management’s evaluation of the credit risk in these commitments resulted in the recording of a liability of $10.0 million and $6.4 million as of December 31, 2022 and 2021, respectively. This liability is reflected in “ Other liabilities ” in the Consolidated Statements of Financial Condition. The credit risk evaluation incorporates the expected loss percentage calculated for comparable loan categories as part of the allowance for credit losses for loans. |
Premises and Equipment
Premises and Equipment | 12 Months Ended |
Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | Premises, Equipment and Lease Commitments Premises and Equipment Premises and equipment are described as follows: Estimated Useful Life 2022 2021 (dollars in thousands) Land Indefinite $ 13,860 $ 14,621 Buildings and improvements 10-50 years 70,844 75,149 Operating lease right of use asset 1-25 years 51,499 47,938 Leasehold improvements 5-40 years 37,398 35,909 Furniture and equipment 3-7 years 76,879 73,976 Software 3-7 years 44,439 43,511 Subtotal 294,919 291,104 Less accumulated depreciation and amortization 179,813 170,329 Total premises and equipment, net $ 115,106 $ 120,775 Depreciation related to premises and equipment included in noninterest expense for the years ended December 31, 2022, 2021 and 2020 amounted to $9.1 million, $9.9 million and $10.9 million, respectively. Amortization of lease right-of-use assets totaled $3.4 million in 2022, $1.4 million in 2021 and $2.6 million in 2020. At December 31, 2022, there were no premise and equipment assets considered available for sale. At December 31, 2021, $1.9 million in premise and equipment assets were considered available for sale as a result of the 2020 branch consolidation initiative. Lease Commitments First Commonwealth has elected to apply certain practical expedients under ASU 2016-02 "Leases" (Topic 842), including (i) to not apply the requirements in the new standard to short-term leases (ii) to not reassess the lease classification for any expired or existing lease (iii) to account for lease and non-lease components separately (iv) to not reassess initial direct costs for any existing leases. The impact of this standard primarily relates to operating leases of certain real estate properties, primarily certain branch and ATM locations and office space. First Commonwealth has no material leasing arrangements for which it is the lessor of property or equipment. The following table represents the lease costs and other lease information for the years ended December 31. 2022 2021 (dollars in thousands) Balance sheet: Operating lease asset classified as premises and equipment $ 40,747 $ 40,550 Operating lease liability classified as other liabilities 45,149 44,801 Income statement: Operating lease cost classified as occupancy and equipment expense $ 4,990 $ 4,806 Weighted average lease term, in years 13.95 14.11 Weighted average discount rate 3.29 % 3.24 % Operating cash flows $ 4,838 $ 4,753 The ROU assets and lease liabilities are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. First Commonwealth's lease agreements often include one or more options to renew at the Company's discretion. If we consider the renewal option to be reasonably certain, we include the extended term in the calculation of the ROU asset and lease liability. First Commonwealth uses incremental borrowing rates when calculating the lease liability because the rate implicit in the lease is not readily determinable. The incremental borrowing rate used by First Commonwealth is an amortizing loan rate obtained from the Federal Home Loan Bank ("FHLB") of Pittsburgh. This rate is consistent with a collateralized borrowing rate and is available for terms similar to the lease payment schedules. The following table reconciles future minimum lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the lease liability a s of December 31, 2022 (dollars in thousands): For the twelve months ended December 31, 2023 $ 4,952 2024 4,807 2025 4,593 2026 4,201 2027 3,956 Thereafter 35,244 Total future minimum lease payments 57,753 Less remaining imputed interest 12,604 Operating lease liability $ 45,149 Rent expense, net of rental income, for all operating leases totaled $4.7 million in 2022, $4.5 million in 2021 and $6.7 million in 2020 |
Goodwill and Other Amortizing I
Goodwill and Other Amortizing Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill Disclosure [Abstract] | |
Goodwill and Other Amortizing Intangible Assets | Goodwill and Other Intangible Assets FASB ASC Topic 350-20, “Intangibles—Goodwill and Other" ("Topic 350"), requires an annual valuation of the fair value of a reporting unit that has goodwill and a comparison of the fair value to the book value of equity to determine whether the goodwill has been impaired. Goodwill is also required to be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. When circumstances indicate that it is more likely than not that fair value is less than carrying value, a triggering event has occurred and a quantitative impairment test would be performed. We consider First Commonwealth to be one reporting unit. The carrying amount of goodwill as of December 31, 2022 and 2021 was $303.3 million. No impairment charges on goodwill or other intangible assets were incurred in 2022, 2021 or 2020. We test goodwill for impairment as of November 30th each year and again at any quarter-end if any material events occur during a quarter that may affect goodwill. As of December 31, 2022, no indicators of impairment were identified; however, changing economic conditions that may adversely affect our performance, the fair value of our assets and liabilities, or our stock price could result in impairment, which could adversely affect earnings in future periods. Management will continue to monitor events that could impact this conclusion in the future. Topic 350 also requires that an acquired intangible asset be separately recognized if the benefit of the intangible asset is obtained through contractual or other legal rights, or if the asset can be sold, transferred, licensed, rented or exchanged, regardless of the acquirer’s intent to do so. The following table summarizes other intangible assets: Gross Accumulated Net (dollars in thousands) December 31, 2022 Customer deposit intangibles $ 22,573 $ (16,750) $ 5,823 Customer list intangible 2,283 (1,921) 362 Total other intangible assets $ 24,856 $ (18,671) $ 6,185 December 31, 2021 Customer deposit intangibles $ 22,573 $ (14,407) $ 8,166 Customer list intangible 2,283 (1,762) 521 Total other intangible assets $ 24,856 $ (16,169) $ 8,687 Core deposits are amortized over their expected lives using the present value of the benefit of the core deposits and straight-line methods of amortization. The core deposits have a remaining amortization period of 6.7 years and a weighted average amortization period of approximately 5.3 years. The customer list intangible represents the estimated value of the customer base for an insurance agency acquired in 2014 and the wealth management business acquired as part of the DCB acquisition in 2017. These amounts are amortized over their expected lives using expected cash flows based on retention of the customer base. The customer list intangible has a remaining amortization period of 6.7 years and a weighted average amortization period of 4.9 years. First Commonwealth recognized amortization expense on other intangible assets of $2.5 million, $2.9 million, and $3.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. In addition to customer deposit intangibles and customer list intangibles, First Commonwealth has servicing rights on mortgage loans as well as certain commercial loans totaling $3.0 million and $2.5 million as of December 31, 2022 and 2021, respectively. These servicing rights relate to loans sold to third parties on which the Company retains servicing responsibilities. The Company recognized amortization expense on these servicing assets of $0.7 million and $0.6 million for the years ended December 31, 2022 and 2021, respectively. The following presents the estimated amortization expense of core deposit and customer list intangibles: Core Deposit Intangibles Customer List Intangible Total (dollars in thousands) 2023 $ 1,932 $ 128 $ 2,060 2024 1,522 97 1,619 2025 1,112 69 1,181 2026 702 42 744 2027 312 15 327 Thereafter 243 11 254 Total $ 5,823 $ 362 $ 6,185 |
Interest-Bearing Deposits
Interest-Bearing Deposits | 12 Months Ended |
Dec. 31, 2022 | |
Deposits [Abstract] | |
Interest-Bearing Deposits | Interest-Bearing Deposits Components of interest-bearing deposits at December 31 were as follows: 2022 2021 (dollars in thousands) Interest-bearing demand deposits $ 357,769 $ 291,476 Savings deposits 4,572,183 4,647,197 Time deposits 405,009 385,043 Total interest-bearing deposits $ 5,334,961 $ 5,323,716 Interest-bearing deposits at both December 31, 2022 and 2021 include allocations from interest-bearing demand deposit accounts of $1.4 billion into savings, which includes money market accounts. These allocations are based on a formula and were made to reduce First Commonwealth’s reserve requirement in compliance with regulatory guidelines. Deposits totaling $0.7 million and $0.6 million at December 31, 2022 and 2021, respectively, were reclassified from deposits to loans due to their overdrawn status. Included in time deposits at December 31, 2022 and 2021 were certificates of deposit in denominations of $250 thousand or more of $65.5 million and $51.7 million, respectively. Interest expense related to certificates of deposit in denominations of $250 thousand or greater amounted to $0.2 million in 2022, $0.4 million in 2021 and $2.0 million in 2020. Included in time deposits at December 31, 2022, were certificates of deposit with the following scheduled maturities (dollars in thousands): 2023 $ 230,244 2024 83,065 2025 64,757 2026 18,708 2027 and thereafter 8,235 Total $ 405,009 |
Short-term Borrowings
Short-term Borrowings | 12 Months Ended |
Dec. 31, 2022 | |
Short-Term Debt [Abstract] | |
Short-term Borrowings | Short-term Borrowings Short-term borrowings at December 31 were as follows: 2022 2021 2020 Ending Average Average Ending Average Average Ending Average Average (dollars in thousands) Federal funds purchased $ — $ 1,553 3.93 % $ — $ — — % $ — $ 4,147 1.06 % Borrowings from FHLB 285,000 41,529 4.24 — — — — 28,252 1.54 Securities sold under agreements to repurchase 87,694 101,752 0.18 138,315 119,801 0.08 117,373 110,235 0.21 Total $ 372,694 $ 144,834 1.38 $ 138,315 $ 119,801 0.08 $ 117,373 $ 142,634 0.49 Maximum total at any month-end $ 372,694 $ 138,315 $ 248,471 Weighted average rate at year-end 3.56 % 0.06 % 0.10 % Interest expense on short-term borrowings for the years ended December 31 is detailed below: 2022 2021 2020 (dollars in thousands) Federal funds purchased $ 61 $ — $ 44 Borrowings from FHLB 1,759 — 434 Securities sold under agreements to repurchase 179 99 226 Total interest on short-term borrowings $ 1,999 $ 99 $ 704 |
Subordinated Debentures
Subordinated Debentures | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Subordinated Debentures [Abstract] | |
Subordinated Debentures | Subordinated Debentures Subordinated debentures outstanding at December 31 are as follows: 2022 2021 Due Rate Amount Amount (dollars in thousands) Owed to: First Commonwealth Bank June 1, 2028 4.875% until June 1, 2023, then 3-Month LIBOR + 1.845% $ 49,499 $ 49,407 First Commonwealth Bank June 1, 2033 5.50% until June 1, 2028, then 3-Month LIBOR +2.37% 49,271 49,201 First Commonwealth Capital Trust II January 23, 2034 3-Month LIBOR + 2.85% 30,929 30,929 First Commonwealth Capital Trust III April 6, 2034 3-Month LIBOR + 2.85% 41,238 41,238 Total $ 170,937 $ 170,775 On May 21, 2018, First Commonwealth Bank issued ten-year subordinated notes with an aggregate principal amount of $50.0 million and a fixed-to-floating rate of 4.875%. The rate remains fixed until June 1, 2023, then adjusts on a quarterly basis to three-month LIBOR + 1.845%. The Bank may redeem the notes, beginning with the interest payment due on June 1, 2023, in whole or in part at a redemption price equal to 100% of the principal amount of the subordinated notes, plus accrued and unpaid interest to the date of redemption. Deferred issuance costs of $0.9 million are being amortized on a straight-line basis over the term of the notes. On May 21, 2018, First Commonwealth Bank also issued fifteen-year subordinated notes with an aggregate principal amount of $50.0 million and a fixed-to-floating rate of 5.50%. The rate remains fixed until June 1, 2028, then adjusts on a quarterly basis to three-month LIBOR + 2.37%. The Bank may redeem the notes, beginning with the interest payment due on June 1, 2028, in whole or in part, at a redemption price equal to 100% of the principal amount of the subordinated notes, plus accrued and unpaid interest to the date of redemption. Deferred issuance costs of $1.1 million are being amortized on a straight-line basis over the term of the notes. First Commonwealth currently has two trusts, First Commonwealth Capital Trust II and First Commonwealth Capital Trust III, of which 100% of the common equity is owned by First Commonwealth. The trusts were formed for the purpose of issuing company obligated mandatorily redeemable capital securities to third-party investors and investing the proceeds from the sale of the capital securities solely in junior subordinated debt securities (“subordinated debentures”) of First Commonwealth. The subordinated debentures held by each trust are the sole assets of the trust. Interest on the debentures issued to First Commonwealth Capital Trust III is paid quarterly at a floating rate of three-month LIBOR + 2.85% which is reset quarterly. Subject to regulatory approval, First Commonwealth may redeem the debentures, in whole or in part, at its option on any interest payment date at a redemption price equal to 100% of the principal amount of the debentures, plus accrued and unpaid interest to the date of the redemption. Deferred issuance costs of $0.6 million are being amortized on a straight-line basis over the term of the securities. Interest on the debentures issued to First Commonwealth Capital Trust II is paid quarterly at a floating rate of three-month LIBOR + 2.85%, which is reset quarterly. Subject to regulatory approval, First Commonwealth may redeem the debentures, in whole or in part, at its option at a redemption price equal to 100% of the principal amount of the debentures, plus accrued and unpaid interest to the date of the redemption. Deferred issuance costs of $0.5 million are being amortized on a straight-line basis over the term of the securities. In order to reduce its exposure to variability in expected future cash flows related to interest payments on First Commonwealth Capital Trust II and III, the Company entered into two interest rate swap contracts that are designated as cash flow hedges. These contracts fix the LIBOR based portion of the interest rate on Capital Trust II at 1.515% until August 15, 2024 and on Capital Trust III at 1.525% until August 15, 2026. Additional information related to these cash flow hedges can be found in Note 7- "Derivatives". |
Other Long-term Debt
Other Long-term Debt | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Other Long-term Debt | Other Long-term Debt Other long-term debt at December 31 follows: 2022 2021 Amount Weighted Amount Weighted (dollars in thousands) Borrowings from FHLB due: 2022 $ 712 3.85 % 2023 $ 740 3.86 % 739 3.86 2024 769 3.86 769 3.86 2025 799 3.86 799 3.86 2026 830 3.87 830 3.87 2027 863 3.87 Thereafter 861 3.49 1,724 3.68 Total $ 4,862 $ 5,573 The weighted average contractual rate reflects the rate due to creditors. The weighted average effective rate of long-term debt is equal to the weighted average contractual rate. All of First Commonwealth’s Federal Home Loan Bank stock, along with an interest in mortgage loans and residential mortgage backed securities, has been pledged as collateral with the Federal Home Loan Bank of Pittsburgh. Capital securities included in total long-term debt on the Consolidated Statements of Financial Condition are excluded from the above, but are described in Note 15, “Subordinated Debentures.” |
Fair Values of Assets and Liabi
Fair Values of Assets and Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Values of Assets and Liabilities | Fair Values of Assets and Liabilities Topic 820 requires disclosures for non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). All non-financial assets are included either as a separate line item on the Consolidated Statements of Financial Condition or in the “Other assets” category of the Consolidated Statements of Financial Condition. Currently, First Commonwealth does not have any non-financial liabilities to disclose. FASB ASC Topic 825, “Financial Instruments" ("Topic 825"), permits entities to irrevocably elect to measure select financial instruments and certain other items at fair value. The unrealized gains and losses are required to be included in earnings each reporting period for the items that fair value measurement is elected. First Commonwealth has elected not to measure any existing financial instruments at fair value under Topic 825; however, in the future we may elect to adopt this guidance for select financial instruments. In accordance with Topic 820, First Commonwealth groups financial assets and financial liabilities measured at fair value in three levels, based on the principal markets in which the assets and liabilities are transacted and the observability of the data points used to determine fair value. These levels are defined in Note 1, "Statement of Accounting Policies." Level 2 investment securities are valued by a recognized third party pricing service using observable inputs. The model used by the pricing service varies by asset class and incorporates available market, trade and bid information as well as cash flow information when applicable. Because many fixed-income investment securities do not trade on a daily basis, the model uses available information such as benchmark yield curves, benchmarking of like investment securities, sector groupings and matrix pricing. The model will also use processes such as an option-adjusted spread to assess the impact of interest rates and to develop prepayment estimates. Market inputs normally used in the pricing model include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications. Management validates the market values provided by the third party service by having another source price 100% of the securities on a monthly basis, monthly monitoring of variances from prior period pricing and, on a monthly basis, evaluating pricing changes compared to expectations based on changes in the financial markets. Other Investments include FHLB stock whose estimated fair value is based on its par value. Additional information on FHLB stock is provided in Note 8, “Investment Securities.” Loans held for sale include residential mortgage loans originated for sale in the secondary mortgage market. The estimated fair value for these loans was determined on the basis of rates obtained in the respective secondary market. Loans held for sale could also include the Small Business Administration guaranteed portion of small business loans. The estimated fair value of these loans is based on the contract with the third party investor. Interest rate derivatives are reported at estimated fair value utilizing Level 2 inputs and are included in "Other assets" and "Other liabilities" in the Consolidated Statements of Financial Condition. These consist of interest rate swaps where there is no significant deterioration in the counterparties' (loan customers') credit risk since origination of the interest rate swap as well as interest rate caps, interest rate collars and risk participation agreements. First Commonwealth values its interest rate swap and cap positions using a yield curve by taking market prices/rates for an appropriate set of instruments. The set of instruments currently used to determine the U.S. Dollar yield curve includes cash LIBOR rates from overnight to one year, Eurodollar futures contracts and swap rates from one year to thirty years. These yield curves determine the valuations of interest rate swaps. Interest rate derivatives are further described in Note 7, “Derivatives.” For purposes of potential valuation adjustments to our derivative positions, First Commonwealth evaluates the credit risk of its counterparties as well as our own credit risk. Accordingly, we have considered factors such as the likelihood of default, expected loss given default, net exposures and remaining contractual life, among other things, in determining if any estimated fair value adjustments related to credit risk are required. We review our counterparty exposure quarterly, and when necessary, appropriate adjustments are made to reflect the exposure. We also utilize this approach to estimate our own credit risk on derivative liability positions. In 2022 and 2021, we have not realized any losses due to a counterparty's inability to pay any net uncollateralized position. Interest rate derivatives also include interest rate forwards entered into to hedge residential mortgage loans held for sale and the related interest-rate lock commitments. This includes forward commitments to sell mortgage loans. The fair value of these derivative financial instruments are based on derivative market data inputs as of the valuation date and the underlying value of mortgage loans for rate lock commitments. In addition, the Company hedges foreign currency risk through the use of foreign exchange forward contracts. The fair value of foreign exchange forward contracts is based on the differential between the contract price and the market-based forward rate. The estimated fair value for other real estate owned included in Level 2 is determined by either an independent market based appraisal less estimated costs to sell or an executed sales agreement. The estimated fair value of the other investments included in Level 3 is based on carrying value as these securities do not have a readily determinable fair value. The estimated fair value of limited partnership investments included in Level 3 is based on par value. For interest rate derivatives included in Level 3, the fair value incorporates credit risk by considering such factors as likelihood of default and expected loss given default based on credit quality of the underlying counterparties (loan customers). In accordance with ASU 2011-4, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements. Fair Value Valuation Technique Unobservable Inputs Range / (weighted December 31, 2022 Other Investments $ 1,170 Carrying Value N/A N/A Nonperforming Loans 363 (a) Gas Reserve Study Discount rate 10.00% Gas per MMBTU $3.00 - $3.00 (b) Oil per BBL/d $80.00 - $80.00 (b) Limited Partnership Investments 17,691 Par Value N/A N/A December 31, 2021 Other Investments 1,170 Carrying Value N/A N/A Nonperforming Loans 598 (a) Gas Reserve study Discount rate 10.00% Gas per MMBTU $2.00 - $2.00 (b) Oil per BBL/d $50.00 - $50.00 (b) Limited Partnership Investments 14,981 Par Value N/A N/A (a) the remainder of nonperforming loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation. (b) unobservable inputs are defined as follows: MMBTU—one million British thermal units; BBL/d—barrels per day. The discount rate is the significant unobservable input used in the fair value measurement of nonperforming loans. Significant increases in this rate would result in a decrease in the estimated fair value of the loans, while a decrease in this rate would result in a higher fair value measurement. Other unobservable inputs in the fair value measurement of nonperforming loans relate to gas, oil and natural gas prices. Increases in these prices would result in an increase in the estimated fair value of the loans, while a decrease in these prices would result in a lower fair value measurement. The tables below present the balances of assets and liabilities measured at fair value on a recurring basis at December 31: 2022 Level 1 Level 2 Level 3 Total (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities—Residential $ — $ 3,983 $ — $ 3,983 Mortgage-Backed Securities—Commercial — 271,416 — 271,416 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities—Residential — 448,989 — 448,989 Other Government-Sponsored Enterprises — 882 — 882 Obligations of States and Political Subdivisions — 8,187 — 8,187 Corporate Securities — 29,204 — 29,204 Total Securities Available for Sale — 762,661 — 762,661 Other Investments — 25,244 1,170 26,414 Loans Held for Sale — 11,869 — 11,869 Other Assets (a) — 50,738 17,691 68,429 Total Assets $ — $ 850,512 $ 18,861 $ 869,373 Other Liabilities (a) $ — $ 89,298 $ — $ 89,298 Total Liabilities $ — $ 89,298 $ — $ 89,298 (a) Hedging and non-hedging interest rate derivatives and limited partnership investments 2021 Level 1 Level 2 Level 3 Total (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities—Residential $ — $ 5,662 $ — $ 5,662 Mortgage-Backed Securities—Commercial — 362,290 — 362,290 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities—Residential — 629,974 — 629,974 Other Government-Sponsored Enterprises — 981 — 981 Obligations of States and Political Subdivisions — 9,524 — 9,524 Corporate Securities — 32,949 — 32,949 Total Securities Available for Sale — 1,041,380 — 1,041,380 Other Investments — 11,668 1,170 12,838 Loans Held for Sale — 18,583 — 18,583 Other Assets (a) — 26,805 14,981 41,786 Total Assets $ — $ 1,098,436 $ 16,151 $ 1,114,587 Other Liabilities (a) $ — $ 34,263 $ — $ 34,263 Total Liabilities $ — $ 34,263 $ — $ 34,263 (a) Hedging and non-hedging interest rate derivatives and limited partnership investments The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows for the year ended December 31, 2022: Other Investments Other Assets Total (dollars in thousands) Balance, beginning of year $ 1,170 $ 14,981 $ 16,151 Total gains or losses Included in earnings — — — Included in other comprehensive income — — — Purchases, issuances, sales, and settlements Purchases — 2,991 2,991 Issuances — — — Sales — (281) (281) Settlements — — — Transfers from Level 3 — — — Transfers into Level 3 — — — Balance, end of year $ 1,170 $ 17,691 $ 18,861 There are no gains or losses included in earnings for the period that are attributable to the change in realized gains (losses) relating to assets held at December 31, 2022. During the year ended December 31, 2022, there were no transfers between fair value Levels 1, 2 or 3. The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows for the year ended December 31, 2021: Other Investments Other Assets Total (dollars in thousands) Balance, beginning of year $ 1,670 $ 6,619 $ 8,289 Total gains or losses Included in earnings — — — Included in other comprehensive income — — — Purchases, issuances, sales, and settlements Purchases — 8,511 8,511 Issuances — — — Sales — — — Settlements (500) (149) (649) Transfers from Level 3 — — — Transfers into Level 3 — — — Balance, end of year $ 1,170 $ 14,981 $ 16,151 There are no gains or losses included in earnings for the period that are attributable to the change in realized gains (losses) relating to assets held at December 31, 2021. During the year ended December 31, 2021, there were no transfers between fair value Levels 1, 2 or 3. The tables below present the balances of assets measured at fair value on a nonrecurring basis at December 31 and total gains and losses realized on these assets during the year ended December 31: 2022 Level 1 Level 2 Level 3 Total Total (dollars in thousands) Nonperforming loans $ — $ 23,140 $ 11,636 $ 34,776 $ (2,127) Other real estate owned — 553 — 553 — Total Assets $ — $ 23,693 $ 11,636 $ 35,329 $ (2,127) 2021 Level 1 Level 2 Level 3 Total Total (dollars in thousands) Nonperforming loans $ — $ 42,538 $ 12,247 $ 54,785 $ 352 Other real estate owned — 729 — 729 — Total Assets $ — $ 43,267 $ 12,247 $ 55,514 $ 352 Nonperforming loans over $250 thousand are individually reviewed to determine the amount of each loan considered to be at risk of noncollection. The fair value for nonperforming loans that are collateral based is determined by reviewing real property appraisals, equipment valuations, accounts receivable listings and other financial information. A discounted cash flow analysis is performed to determine fair value for nonperforming loans when an observable market price or a current appraisal is not available. For real estate secured loans, First Commonwealth’s loan policy requires updated appraisals be obtained at least every twelve months on all nonperforming loans with balances of $250 thousand and over. For real estate secured loans with balances under $250 thousand, we rely on broker price opinions. For non-real estate secured assets, the Company normally relies on third party valuations specific to the collateral type. A fair value determined by either an independent market based appraisal less estimated costs to sell or an executed sales agreement, is classified as Level 2. The fair value for other real estate owned determined using an internal valuation is classified as Level 3. Other real estate owned had a current carrying value of $0.5 million as of December 31, 2022 and consisted primarily of commercial real estate properties in Pennsylvania. We review whether events and circumstances subsequent to a transfer to other real estate owned have occurred that indicate the balance of those assets may not be recoverable. If events and circumstances indicate further impairment, we will record a charge to the extent that the carrying value of the assets exceed their fair values, less estimated costs to sell, as determined by valuation techniques appropriate in the circumstances. Certain other assets and liabilities, including goodwill, core deposit intangibles and customer list intangibles are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. Additional information related to this measurement is provided in Note 12 “Goodwill and Other Amortizing Intangible Assets.” There were no other assets or liabilities measured at fair value on a nonrecurring basis during 2022. FASB ASC Topic 825-10, “Transition Related to FSP FAS 107-1” and APB 28-1, “Interim Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are as discussed above. The methodologies for other financial assets and financial liabilities are discussed below. Cash and due from banks and interest bearing bank deposits : The carrying amounts for cash and due from banks and interest-bearing bank deposits approximate the estimated fair values of such assets. Securities : Fair values for available for sale and held to maturity securities are based on quoted market prices, if available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. The carrying value of other investments, which includes FHLB stock, is considered a reasonable estimate of fair value. Loans held for sale : The estimated fair value of loans held for sale is based on market bids obtained from potential buyers. Loans: The fair values of all loans are estimated by discounting the estimated future cash flows using interest rates currently offered for loans with similar terms to borrowers of similar credit quality adjusted for past due and nonperforming loans. Off-balance sheet instruments : Many of First Commonwealth’s off-balance sheet instruments, primarily loan commitments and standby letters of credit, are expected to expire without being drawn upon; therefore, the commitment amounts do not necessarily represent future cash requirements. FASB ASC Topic 460, “Guarantees,” clarified that a guarantor is required to recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee. The carrying amount and estimated fair value for standby letters of credit was $0.1 million at both December 31, 2022 and 2021. See Note 10, “Commitments and Letters of Credit,” for additional information. Deposit liabilities : The estimated fair value of demand deposits, savings accounts and money market deposits is the amount payable on demand at the reporting date because of the customers' ability to withdraw funds immediately. The carrying value of variable rate time deposit accounts and certificates of deposit approximate the fair value at the report date. Also, fair values of fixed rate time deposits for both periods are estimated by discounting the future cash flows using interest rates currently being offered and a schedule of aggregated expected maturities. Short-term borrowings : The fair values of borrowings from the FHLB were estimated based on the estimated incremental borrowing rate for similar types of borrowings. The carrying amounts of other short-term borrowings, such as federal funds purchased and securities sold under agreement to repurchase, were used to approximate fair value due to the short-term nature of the borrowings. Subordinated debt and long-term debt : The fair value of long-term debt and subordinated debt is estimated by discounting the future cash flows using First Commonwealth’s estimate of the current market rate for similar types of borrowing arrangements. The following table presents carrying amounts and estimated fair values of First Commonwealth’s financial instruments at December 31: 2022 Fair Value Measurements Using: Carrying Total Level 1 Level 2 Level 3 (dollars in thousands) Financial assets Cash and due from banks $ 124,254 $ 124,254 $ 124,254 $ — $ — Interest-bearing deposits 29,990 29,990 29,990 — — Securities available for sale 762,661 762,661 — 762,661 — Securities held to maturity 461,162 386,205 — 386,205 — Other investments 26,414 26,414 — 25,244 1,170 Loans held for sale 11,869 11,869 — 11,869 — Loans and leases 7,642,143 7,639,721 — 23,140 7,616,581 Financial liabilities Deposits 8,005,469 7,992,012 — 7,992,012 — Short-term borrowings 372,694 363,135 — 363,135 — Long-term debt 4,862 4,781 — 4,781 — Subordinated debt 170,937 156,621 — — 156,621 Capital lease obligation 5,425 5,425 — 5,425 — 2021 Fair Value Measurements Using: Carrying Total Level 1 Level 2 Level 3 (dollars in thousands) Financial assets Cash and due from banks $ 84,738 $ 84,738 $ 84,738 $ — $ — Interest-bearing deposits 310,634 310,634 310,634 — — Securities available for sale 1,041,380 1,041,380 — 1,041,380 — Securities held to maturity 541,311 536,651 — 536,651 — Other investments 12,838 12,838 — 11,668 1,170 Loans held for sale 18,583 18,583 — 18,583 — Loans and leases 6,839,230 7,169,768 — 42,538 7,127,230 Financial liabilities Deposits 7,982,498 7,980,101 — 7,980,101 — Short-term borrowings 138,315 136,473 — 136,473 — Long-term debt 5,573 6,065 — 6,065 — Subordinated debt 170,775 175,040 — — 175,040 Capital lease obligation 5,921 5,921 — 5,921 — |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes The income tax provision for the years ended December 31 is as follows: 2022 2021 2020 (dollars in thousands) Current tax provision: Federal $ 33,545 $ 32,586 $ 21,629 State 471 397 329 Total current tax provision 34,016 32,983 21,958 Deferred tax provision (benefit): Federal (1,967) 1,501 (5,070) State (45) 76 (132) Total deferred tax provision (2,012) 1,577 (5,202) Total tax provision $ 32,004 $ 34,560 $ 16,756 The statutory to effective tax rate reconciliation for the years ended December 31 is as follows: 2022 2021 2020 Amount % of Amount % of Amount % of (dollars in thousands) Tax at statutory rate $ 33,639 21 % $ 36,292 21 % $ 18,943 21 % Increase (decrease) resulting from: State income tax, net of federal benefit 361 — 326 — 155 — Income from bank owned life insurance (1,146) (1) (1,351) (1) (1,376) (1) Tax-exempt interest income, net (809) (1) (846) — (1,117) (1) Tax credits (341) — (127) — (44) — Other 300 1 266 — 195 — Total tax provision $ 32,004 20 % $ 34,560 20 % $ 16,756 19 % The total tax provision for financial reporting differs from the amount computed by applying the statutory federal income tax rate to income before taxes. First Commonwealth ordinarily generates an annual effective tax rate that is less than the statutory rate of 21% due to benefits resulting from tax-exempt interest, income from bank owned life insurance, and tax benefits associated with low-income housing tax credits. The consistent level of tax benefits that reduce First Commonwealth’s tax rate below the statutory rate produced an annual effective tax rate of 20% for each of the years ended December 31, 2022 and 2021 and 19% for the year ended December 31, 2020. The tax effects of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities that represent significant portions of the deferred tax assets and liabilities at December 31 are presented below: 2022 2021 (dollars in thousands) Deferred tax assets: Lease liability $ 9,581 $ 9,489 Allowance for credit losses 21,837 19,597 Postretirement benefits other than pensions 223 235 Unrealized loss on securities available for sale 36,673 2,357 Net operating loss carryforward 37 75 Deferred compensation 1,960 1,969 Accrued interest on nonaccrual loans 935 779 Accrued incentives 3,185 2,591 Unfunded loan commitments & other reserves 2,126 1,363 Other 1,205 988 Total deferred tax assets 77,762 39,443 Deferred tax liabilities: Loan origination fees and costs (1,320) (253) Right of use asset (8,646) (8,589) Depreciation of assets (2,139) (1,725) Section 197 intangibles (1,717) (1,107) Other (197) (308) Total deferred tax liabilities (14,019) (11,982) Net deferred tax asset $ 63,743 $ 27,461 The Company has approximately $0.9 million of Pennsylvania net operating losses which begin to expire in 2034 and the Company expects to fully utilize the losses prior to expiration. Management assesses all available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. Based on our evaluation, as of December 31, 2022, management has determined that no valuation allowance is necessary for the deferred tax assets because it is more likely than not that these assets will be realized through future reversals of existing temporary differences and future taxable income. In accordance with FASB ASC Topic 740-10, “Accounting for Uncertainty in Income Taxes,” the Company has no material unrecognized tax benefits or accrued interest and penalties as of December 31, 2022. We do not expect the total amount of unrecognized tax benefits to significantly increase in the next twelve months. The Company records interest and penalties on unrecognized tax benefits as a component of noninterest expense. First Commonwealth is subject to routine audits of our tax returns by the Internal Revenue Service (“IRS”) as well as all states in which we conduct business. Generally, tax years prior to the year ended December 31, 2019 are no longer open to examination by federal and state taxing authorities. |
Retirement Plans
Retirement Plans | 12 Months Ended |
Dec. 31, 2022 | |
Retirement Benefits [Abstract] | |
Retirement Plans | Retirement Plans First Commonwealth has a savings plan pursuant to the provisions of section 401(k) of the Internal Revenue code. Effective January 1, 2020, a participating employee can receive a maximum matching contribution of 4% of their eligible compensation. In addition, each participating employee may contribute up to 80% of their eligible compensation to the plan. The 401(k) plan expense was $2.9 million in 2022, $3.0 million in 2021, and $3.9 million in 2020. First Commonwealth maintains a Non-Qualified Deferred Compensation Plan ( “ NQDC Plan ” ) to provide deferred compensation for those employees who are in the top 10% of full-time employees, as determined on the basis of eligible compensation. The NQDC Plan provides participants whose maximum retirement contribution is limited by IRS rules to defer additional compensation. Participants in the NQDC Plan are eligible to defer (on a pre-tax basis) from 1% to 25% of their eligible Plan compensation. Participants are also eligible to defer all or a portion of the Annual Incentive Plan (on a pre-tax basis) from 10% to 100% of their annual cash incentive earned. Effective January 1, 2020, an employer elective contribution is available to participants who reach the IRS Compensation limits in the 401kPlan. The ‘makeup match’ contribution is made to eligible participants on an annual basis. Effective January 1, 2021, an employer non-elective contribution is available to certain participants determined by the Company. The ‘discretionary’ contribution may be approved from year-to-year and allocated on an annual basis. There was $0.2 million in NQDC Plan expense recognized in 2022, and no NQDC Plan expense recognized in either 2021 and 2020. Select employees from former acquisitions were covered by postretirement benefit plans which provide medical and life insurance coverage. The measurement date for these plans was December 31. Postretirement Benefits Other than Pensions from Prior Acquisitions Net periodic benefit cost of these plans for the years ended December 31, was as follows: 2022 2021 2020 (dollars in thousands) Service cost $ — $ — $ — Interest cost on projected benefit obligation 35 23 23 Amortization of transition obligation — — — Amortization of prior service cost 75 76 — Gain amortization (96) (27) (52) Net periodic benefit cost $ 14 $ 72 $ (29) The following table sets forth the change in the benefit obligation and plan assets as of December 31: 2022 2021 (dollars in thousands) Change in Benefit Obligation Benefit obligation at beginning of year $ 986 $ 1,372 Service cost — — Interest cost 22 23 Amendments — — Actuarial gain (212) (302) Net benefits paid (88) (107) Benefit obligation at end of year 708 986 Change in Plan Assets Fair value of plan assets at beginning of year — — Actual return on plan assets — — Employer contributions 88 107 Net benefits paid (88) (107) Fair value of plan assets at end of year — — Funded Status at End of Year 708 986 Unrecognized prior service cost (386) (461) Unrecognized net gain 728 584 Amounts recognized in retained earnings $ 1,050 $ 1,109 As of December 31, the funded status of the plan is: 2022 2021 (dollars in thousands) Amounts Recognized in the Statement of Financial Condition as Other liabilities $ 708 $ 986 The following table sets forth the amounts recognized in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit costs as of December 31: 2022 2021 2020 (dollars in thousands) Amounts recognized in accumulated other comprehensive income, net of tax: Net (gain) loss $ (575) $ (461) $ (243) Prior service cost 305 364 424 Total $ (270) $ (97) $ 181 Weighted-average assumptions used to determine the benefit obligation as of December 31 are as follows: 2022 2021 2020 Weighted-Average Assumptions Discount rate 5.31 % 2.38 % 1.83 % Health care cost trend: Initial 6.50 % 5.90 % 5.95 % Health care cost trend: Ultimate 4.75 % 4.75 % 4.75 % Year ultimate reached 2028 2027 2026 Weighted-average assumptions used to determine the net benefit costs as of December 31 are as follows: 2022 2021 2020 Weighted-Average Assumptions for Net Periodic Cost Discount rate 2.38 % 1.83 % 2.88 % Health care cost trend: Initial 5.90 % 5.95 % 5.55 % Health care cost trend: Ultimate 4.75 % 4.75 % 4.75 % Year ultimate reached 2027 2026 2025 Corridor 10.00 % 10.00 % 10.00 % Recognition period for gains and losses 9.9 10.4 10.9 The Medicare Prescription Drug, Improvement and Modernization Act of 2003 introduced a prescription drug benefit under Medicare Part D and a federal subsidy to sponsors of retiree health care benefit plans that provide a prescription drug benefit that is at least actuarially equivalent to Medicare Part D. The postretirement plans of First Commonwealth are provided through insurance coverage; therefore, First Commonwealth will not receive a direct federal subsidy. The preceding measures of the accumulated postretirement benefit cost assume that First Commonwealth will not receive the subsidy due to the relatively small number of retirees. As of December 31, 2022, the projected benefit payments for the next ten years are as follows: Projected Benefit (dollars in thousands) 2023 $ 105 2024 99 2025 93 2026 87 2027 79 2028 - 2032 287 The projected payments were calculated using the same assumptions as those used to calculate the benefit obligations included in this note. The estimated costs that will be amortized from accumulated other comprehensive income into net periodic cost for 2023 are as follows: Postretirement (dollars in thousands) Net gain $ (96) Prior service cost 76 Total $ (20) |
Incentive Compensation Plan
Incentive Compensation Plan | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Incentive Compensation Plan | Incentive Compensation Plan On January 20, 2009, the Board of Directors of the Company adopted, with shareholder approval, the First Commonwealth Financial Corporation Incentive Compensation Plan. This plan allows for shares of common stock to be issued to employees, directors, and consultants of the Company and its subsidiaries as an incentive to aid in the financial success of the Company. The shares can be issued as options, stock appreciation rights, performance share or unit awards, dividend or dividend equivalent rights, stock awards, restricted stock awards, or other annual incentive awards. Up to 5,000,000 shares of stock can be awarded under this plan, of which 2,115,605 shares were still eligible for awards as of December 31, 2022. Restricted Stock The following provides detail on the restricted stock awards which were issued and outstanding in 2022, 2021 and 2020 in order to retain and attract key employees. The grant date fair value of the restricted stock awards is equal to the price of First Commonwealth’s common stock on grant date. Grant Date Shares issued Grant Price Vesting Date Number of Equal Vesting Periods March 28, 2022 50,000 $ 15.46 March 28, 2025 1 February 17, 2022 57,000 16.43 February 17, 2025 1 January 3, 2022 1,000 16.25 January 3, 2025 1 December 13, 2021 2,000 14.83 December 13, 2024 1 December 9, 2021 1,000 15.07 December 9, 2024 1 November 22, 2021 1,565 15.96 November 22, 2024 1 November 19, 2021 24,000 15.81 November 19, 2024 1 September 27, 2021 6,000 13.78 September 27, 2024 1 June 14, 2021 15,000 14.58 June 1, 2024 3 February 18, 2021 84,950 12.77 February 18, 2024 1 February 20, 2020 95,300 13.72 February 20, 2023 1 February 21, 2019 63,000 14.22 February 22, 2022 1 February 21, 2019 15,000 14.22 February 22, 2022 1 November 26, 2018 2,000 13.82 November 26, 2021 1 May 29, 2018 3,000 15.44 May 29, 2021 1 March 26, 2018 2,000 14.08 March 26, 2021 1 February 26, 2018 77,500 14.49 February 26, 2021 1 March 24, 2017 5,000 12.99 March 24, 2020 1 March 24, 2017 7,000 12.99 March 24, 2020 1 Compensation expense related to restricted stock was $3.7 million, $3.1 million and $2.9 million in 2022, 2021 and 2020, respectively. As of December 31, 2022, there was $4.3 million of unrecognized compensation cost related to unvested restricted stock awards granted. A summary of the status of First Commonwealth’s unvested service-based restricted stock awards as of December 31 and changes for the years ended on those dates is presented below: 2022 2021 2020 Shares Weighted Shares Weighted Shares Weighted Outstanding, beginning of the year 286,015 $ 13.82 250,800 $ 14.13 171,500 $ 14.27 Granted 108,000 15.98 134,515 13.64 95,300 13.72 Vested (75,500) 14.24 (88,389) 14.46 (12,000) 12.99 Forfeited (7,250) 13.11 (10,911) 13.66 (4,000) 13.85 Outstanding, end of the year 311,265 14.48 286,015 13.82 250,800 14.13 The following provides detail on restricted stock awards estimated to be granted on a performance award basis during 2022, 2021 and 2020. These plans were previously approved by the Board of Directors. Grant Date Target Share Award Performance Period (years) Award if threshold met Award if targets are met Award if superior met Award if threshold not achieved Vesting After Performance Period (years) Final vesting December 30, 2015 60,000 5 0 December 31, 2020 February 22, 2018 102,000 3 40 % 100 % 200 % — % 0 December 31, 2020 February 21, 2019 121,900 3 40 % 100 % 200 % — % 0 December 31, 2021 February 20, 2020 125,800 3 40 % 100 % 200 % — % 0 December 31, 2022 February 18, 2021 143,400 3 40 % 100 % 200 % — % 0 December 31, 2023 February 17, 2022 121,200 3 40 % 100 % 200 % — % 0 December 31, 2024 The following table summarizes the estimated unvested target share awards for the Plans as of December 31: 2022 2021 2020 Outstanding, beginning of the year 391,100 434,180 442,832 Granted 200,503 143,400 125,800 Issued (157,251) (158,531) (134,452) Forfeited — (27,949) — Outstanding, end of the year 434,352 391,100 434,180 Based on a Monte Carlo simulation, the above grants have the following fair market values per share: Proportional Fair Value 50% 25% 25% February 23, 2017 $ 13.29 $ 13.29 $ 15.09 February 22, 2018 14.17 13.25 15.83 February 21, 2019 14.22 16.62 13.07 February 20, 2020 13.72 15.37 12.43 February 18, 2021 12.77 11.45 16.41 February 17, 2022 16.56 15.20 21.08 |
Contingent Liabilities
Contingent Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingent Liabilities | Contingent Liabilities Legal proceedings First Commonwealth and its subsidiaries are subject in the normal course of business to various pending and threatened legal proceedings in which claims for monetary damages are asserted. As of December 31, 2022, management, after consultation with legal counsel, does not anticipate that the aggregate ultimate liability arising out of litigation pending or threatened against First Commonwealth or its subsidiaries will be material to First Commonwealth’s consolidated financial position. On at least a quarterly basis, First Commonwealth assesses its liabilities and contingencies in connection with such legal proceedings. For those matters where it is probable that First Commonwealth will incur losses and the amounts of the losses can be reasonably estimated, First Commonwealth records an expense and corresponding liability in its consolidated financial statements. To the extent the pending or threatened litigation could result in exposure in excess of that liability, the amount of such excess is not currently estimable. Although not considered probable, the range of reasonably possible losses for such matters in the aggregate, beyond the existing recorded liability (if any), is between $0 and $1 million. Although First Commonwealth does not believe that the outcome of pending litigation will be material to First Commonwealth’s consolidated financial position, it cannot rule out the possibility that such outcomes will be material to the consolidated results of operations and cash flows for a particular reporting period in the future. |
Revenue Recognition (Notes)
Revenue Recognition (Notes) | 12 Months Ended |
Dec. 31, 2022 | |
Revenue Recognition and Deferred Revenue [Abstract] | |
Revenue Recognition | Revenue Recognition Substantially all of the Company’s revenue is generated from contracts with customers. Revenue associated with financial instruments, including revenue from loans and securities, certain noninterest income streams such as fees associated with derivatives are not in scope of FASB ASU Topic 606 - "Revenue from Contracts with Customers". Topic 606 is applicable to noninterest revenue streams such as trust income, service charges on deposits, insurance and retail brokerage commissions, card related interchange income and gain(loss) on sale of OREO. For contracts within the scope of Topic 606, the Company immediately expenses contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Noninterest revenue streams in-scope of Topic 606 are discussed below: Trust Income Trust income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon a tiered scale of market value of the assets under management at month-end. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as financial planning or tax return preparation services are also available to trust customers. The Company’s performance obligation for these transactional-based services is generally satisfied and related revenue recognized, at a point in time. Payment is received shortly after services are rendered. Service Charges on Deposit Accounts Service charges on deposit accounts consist of fees earned from its deposit customers for transaction-based, account maintenance, overdraft services and account analysis fees. Transaction-based fees, which include services such as ATM use fees, stop payment fees, statement rendering and ACH fees, are recognized at the time the transaction is executed which is the point in time the Company fulfills the customer’s request. Monthly account maintenance fees are earned over the course of the month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. The Company’s performance obligation for account analysis fees is generally satisfied, and the related revenue recognized, during the month the service is provided. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Insurance and Retail Brokerage Commissions Insurance income primarily consists of commissions received from execution of personal, business and health insurance policies when acting as an agent on behalf of insurance carriers. The Company’s performance obligation is generally satisfied upon the issuance of the insurance policy. Because the Company’s contracts with the insurance carriers are generally cancellable by either party, with minimal notice, insurance commissions are recognized during the policy period as received. Also, the majority of insurance commissions are received on a monthly basis during the policy period, however some carriers pay the full annual commission to First Commonwealth at the time of policy issuance or renewal. In these cases, First Commonwealth would be required to refund any commissions it would not be entitled to as a result of cancelled or terminated policies. The Company has established a refund liability for the remaining term of the policies expected to be cancelled. The Company also receives incentive-based contingency fees from the insurance carriers. Contingency fee revenue, which totals approximately $0.5 million per year, is recognized as received due to the immaterial amount. Retail brokerage income primarily consists of commissions received on annuity and investment product sales through a third-party service provider. The Company’s performance obligation is generally satisfied upon the issuance of the annuity policy or the execution of an investment transaction. The Company does not earn a significant amount of trailer fees on annuity sales. However, after considering the factors impacting these trailer fees, such as the uncertainty of investor behavior and changes in the market value of assets, First Commonwealth determined that it would recognize trailing fees as received because it could not reasonably estimate an amount of future trailing commissions for which collection is probable. Commissions from the third-party service provider are received on a monthly basis based upon customer activity for the month. The fees are recognized monthly with a receivable until commissions are received from the third-party service provider the following month. Because the Company acts as an agent in arranging the relationship between the customer and the third-party service provider and does not control the services rendered to the customers, retail brokerage fees are presented net of related costs, including $4.0 million and $3.7 million, respectively, in commission expense as of December 31, 2022 and 2021. Card Related Interchange Income Card related interchange income is primarily comprised of debit and credit card income, ATM fees and merchant services income. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as MasterCard. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Card related interchange income is recognized at the point in time as the customer transactions are settled. Other Income Other income includes service revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for these services are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Gains(losses) on sales of OREO First Commonwealth records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When First Commonwealth finances the sale of OREO to the buyer, an assessment of whether the buyer is committed to perform their obligations under the contract is completed along with an evaluation of whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. In determining the gain or loss on the sale, First Commonwealth adjusts the transaction price and related gain(loss) on sale if a significant financing component is present. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the year ended December 31: 2022 2021 2020 (dollars in thousands) Noninterest Income In-scope of Topic 606: Trust income $ 10,518 $ 11,111 $ 9,101 Service charges on deposit accounts 19,641 17,984 16,387 Insurance and retail brokerage commissions 8,857 8,502 7,850 Card related interchange income 27,603 27,954 23,966 Gain on sale of other loans and assets 455 753 967 Other income 4,036 4,184 3,675 Noninterest Income (in-scope of Topic 606) 71,110 70,488 61,946 Noninterest Income (out-of-scope of Topic 606) 27,598 36,269 32,530 Total Noninterest Income $ 98,708 $ 106,757 $ 94,476 |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions Some of First Commonwealth’s directors, executive officers, principal shareholders and their related interests had transactions with the subsidiary bank in the ordinary course of business. All deposit and loan transactions were made on substantially the same terms, such as collateral and interest rates, as those prevailing at the time for comparable transactions. In the opinion of management, these transactions do not involve more than the normal risk of collectability nor do they present other unfavorable features. It is anticipated that similar transactions will be entered into in the future. The following is an analysis of loans to related parties (dollars in thousands): December 31, 2021 $ 18,953 Advances 928 Repayments (900) Other 327 December 31, 2022 $ 19,308 |
Regulatory Restrictions and Cap
Regulatory Restrictions and Capital Adequacy | 12 Months Ended |
Dec. 31, 2022 | |
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] | |
Regulatory Restrictions and Capital Adequacy | Regulatory Restrictions and Capital Adequacy The amount of funds available to the parent from its subsidiary bank is limited by restrictions imposed on all depository institutions by banking regulation that restricts and limits the payment of dividends and the ability of depository institutions to engage in transactions, including lending transactions and asset purchases, with affiliates. First Commonwealth and First Commonwealth Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators which, if undertaken, could have a direct material effect on First Commonwealth’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, First Commonwealth and First Commonwealth Bank must meet specific capital guidelines that involve quantitative measures of First Commonwealth’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. First Commonwealth’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting and other factors. Effective January 1, 2015, First Commonwealth became subject to regulatory risk-based capital rules adopted by the federal banking agencies implementing Basel III. The capital rules require First Commonwealth to maintain the following minimum capital levels: • a minimum Tier I capital to risk-weighted assets of at least 6.0%, plus a capital conservation buffer of 2.5%, resulting in a required minimum ratio of 8.5% • a minimum Common Equity Tier 1 to risk weighted assets of at least 4.5%, plus the capital conservation buffer of 2.5%, resulting in a required minimum ratio of 7%. • a minimum Total Capital to risk weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer, resulting in a required minimum of 10.5% • a minimum Leverage ratio, which is Tier 1 capital to adjusted average assets, of 4.0% The capital conservation buffer may only include capital that qualifies as Common Equity Tier 1. The Basel III Rules also permit banking organizations with less than $15.0 billion in assets to retain, through a one-time election, the exclusion of accumulated other comprehensive income from regulatory capital. The Company elected to retain this treatment, which reduces the volatility of regulatory capital levels. During the second quarter of 2018, First Commonwealth Bank, the Company's banking subsidiary, issued $100 million in subordinated debt, which under regulatory rules qualifies as Tier II capital. This subordinated debt issuance increased the total risk-based capital ratio by 160 basis points. As of December 31, 2022, the Company had $4.3 million in PPP loans outstanding under the CARES Act. Because these loans are 100% guaranteed by the SBA, banking regulators confirmed that they have a zero percent risk weight under applicable risk-based capital rules. Additionally, a bank may exclude all PPP loans pledged as collateral to the Federal Reserve's PPP Facility from average total assets when calculating its leverage ratio, while PPP loans that are not pledged as collateral to the PPP Facility will be included. The PPP loans originated by the Company are included in our leverage ratio as of December 31, 2022, as we did not utilize the PPP Facility. In March 2020, regulators issued interim financial rule (“IFR”) “Regulatory Capital Rule: Revised Transition of the Current Expected Losses Methodology for Allowances” in response to the disrupted economic activity from the pandemic. The IFR provides financial institutions that adopt CECL during 2020 with the option to delay for two years the estimated impact of CECL on regulatory capital, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided by the initial two-year delay (“five-year transition”). The Company adopted CECL effective January 1, 2020 and elected to implement the five-year transition. Regulatory capital levels without the capital benefit at December 31, 2022 for both First Commonwealth and First Commonwealth Bank would have continued to be greater than the amounts needed to be considered “well capitalized”, as the transition provided a capital benefit of approximately 7 to 15 basis points. As of December 31, 2022 and 2021, First Commonwealth and First Commonwealth Bank met all capital adequacy requirements to which they are subject and were considered well-capitalized under the regulatory rules as set forth in the tables below: Actual Minimum Capital Required Required to be Considered Well Capital Ratio Capital Ratio Capital Ratio (dollars in thousands) As of December 31, 2022 Total Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 1,160,053 14.36 % $ 848,288 10.50 % $ 807,893 10.00 % First Commonwealth Bank 1,100,529 13.65 846,593 10.50 806,279 10.00 Tier I Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 966,072 11.96 % $ 686,709 8.50 % $ 646,314 8.00 % First Commonwealth Bank 906,548 11.24 685,337 8.50 645,023 8.00 Tier I Capital to Average Assets First Commonwealth Financial Corporation $ 966,072 10.18 % $ 379,527 4.00 % $ 474,408 5.00 % First Commonwealth Bank 906,548 9.58 378,578 4.00 473,223 5.00 Common Equity Tier I to Risk Weighted Assets First Commonwealth Financial Corporation $ 896,072 11.09 % $ 565,525 7.00 % $ 525,131 6.50 % First Commonwealth Bank 906,548 11.24 564,395 7.00 524,081 6.50 Actual Minimum Capital Required Required to be Considered Well Capital Ratio Capital Ratio Capital Ratio (dollars in thousands) As of December 31, 2021 Total Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 1,071,965 14.64 % $ 768,723 10.50 % $ 732,118 10.00 % First Commonwealth Bank 1,041,854 14.26 767,321 10.50 730,782 10.00 Tier I Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 894,670 12.22 % $ 622,300 8.50 % $ 585,694 8.00 % First Commonwealth Bank 864,559 11.83 621,165 8.50 584,626 8.00 Tier I Capital to Average Assets First Commonwealth Financial Corporation $ 894,670 9.73 % $ 367,656 4.00 % $ 459,570 5.00 % First Commonwealth Bank 864,559 9.43 366,839 4.00 458,549 5.00 Common Equity Tier I to Risk Weighted Assets First Commonwealth Financial Corporation $ 824,670 11.26 % $ 512,482 7.00 % $ 475,876 6.50 % First Commonwealth Bank 864,559 11.83 511,547 7.00 475,008 6.50 |
Capital
Capital | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Capital Additional Information [Abstract] | |
Capital | CapitalAt December 31, 2022, shareholders’ equity was $1.1 billion, a decrease of $57.3 million from December 31, 2021. The decrease was due to a $128.9 million decrease in the fair value of available for sale securities, $44.6 million of dividends paid to shareholders and $15.6 million of common stock repurchases. These decreases were partially offset by $128.2 million in net income and $2.2 million in treasury stock sales. Cash dividends declared per common share were $0.475, $0.455 and $0.440 for the years ended December 31, 2022, 2021 and 2020, respectively.In October 2021, the Board of Directors authorized a $25.0 million share repurchase program of the Company's common stock. As of December 31, 2022, 1,371,019 shares at an average price of $13.92 have been repurchased. First Commonwealth may suspend or discontinue the program at any time. |
Condensed Financial Information
Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) | Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) Statements of Financial Condition December 31, 2022 2021 (dollars in thousands) Assets Cash $ 37,695 $ 11,649 Loans 8 9 Investment in subsidiaries 1,061,285 1,152,580 Investment in unconsolidated subsidiary trusts 2,200 2,181 Investment in jointly-owned company 394 357 Premises and equipment, net 3,098 3,244 Dividends receivable from subsidiaries 5,428 7,762 Other assets 21,345 8,212 Total assets $ 1,131,453 $ 1,185,994 Liabilities and Shareholders’ Equity Accrued expenses and other liabilities $ 7,212 $ 4,455 Subordinated debentures payable 72,167 72,167 Shareholders’ equity 1,052,074 1,109,372 Total liabilities and shareholders’ equity $ 1,131,453 $ 1,185,994 Statements of Income For the years ended December 31, 2022 2021 2020 (dollars in thousands) Interest and dividends $ 78 $ 4 $ 8 Dividends from subsidiaries 92,082 72,202 61,708 Interest expense (3,245) (3,205) (3,229) Other income 112 — 3 Operating expense (4,747) (4,721) (4,687) Income before taxes and equity in undistributed earnings of subsidiaries 84,280 64,280 53,803 Applicable income tax benefits 1,625 1,646 1,648 Income before equity in undistributed earnings of subsidiaries 85,905 65,926 55,451 Equity in undistributed earnings of subsidiaries 42,276 72,331 17,996 Net income $ 128,181 $ 138,257 $ 73,447 For the years ended December 31, Statements of Cash Flow 2022 2021 2020 (dollars in thousands) Operating Activities Net income $ 128,181 $ 138,257 $ 73,447 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 335 369 383 Net gains on sales of assets (113) 228 — Decrease (increase) in prepaid income taxes — 317 (317) Undistributed equity in subsidiaries (42,276) (72,330) (17,996) Other net — (14,830) 19,705 Net cash provided by operating activities 86,127 52,011 75,222 Investing Activities Net change in loans 2 2 1 Purchases of premises and equipment (152) (101) (20) Net cash used in investing activities (150) (99) (19) Financing Activities Dividends paid (44,578) (43,611) (42,982) Proceeds from reissuance of treasury stock 245 222 222 Purchase of treasury stock (15,598) (31,301) (20,905) Net cash used in financing activities (59,931) (74,690) (63,665) Net increase (decrease) in cash 26,046 (22,778) 11,538 Cash at beginning of year 11,649 34,427 22,889 Cash at end of year $ 37,695 $ 11,649 $ 34,427 Cash dividends declared per common share were $0.475 for 2022, $0.455 in 2021 and $0.440 in 2020. First Commonwealth Financial Corporation has an unsecured $20.0 million line of credit with another financial institution. As of December 31, 2022, there are no amounts outstanding on this line and we are in compliance with all debt covenants related to the line of credit. |
Statement of Accounting Polic_2
Statement of Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Business Combinations Policy [Policy Text Block] | Business Combinations Business combinations are accounted for by using the acquisition method of accounting. Under the acquisition method, identifiable assets acquired and liabilities assumed at the acquisition date are measured at their fair values as of that date, and are recognized separately from goodwill. The difference between the purchase price and the fair value of the net assets acquired is recorded as goodwill. Results of operations of the acquired entities are included in the consolidated statement of income from the date of acquisition. Acquisition costs are expensed when incurred. |
General | General The following summary of accounting and reporting policies is presented to aid the reader in obtaining a better understanding of the consolidated financial statements of First Commonwealth Financial Corporation and its subsidiaries (“First Commonwealth”) contained in this report. First Commonwealth's subsidiaries include First Commonwealth Bank ("FCB" or the "Bank"), First Commonwealth Insurance Agency, Inc. ("FCIA"), FRAMAL and First Commonwealth Financial Advisors, Inc. ("FCFA"). The financial information is presented in accordance with generally accepted accounting principles and general practice for financial institutions in the United States of America. In preparing financial statements, management is required to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. In addition, these estimates and assumptions affect revenues and expenses in the financial statements and as such, actual results could differ from those estimates. Through its subsidiaries, which include a commercial bank and an insurance agency, First Commonwealth provides a full range of loan, deposit, trust, insurance and personal financial planning services primarily to individuals and small to middle market businesses in 26 counties in central and western Pennsylvania as well as throughout Ohio. First Commonwealth has determined that it has one business segment. First Commonwealth is subject to regulations of certain state and federal agencies. These regulatory agencies periodically examine First Commonwealth for adherence to laws and regulations. |
Basis of Presentation | Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of First Commonwealth previously defined above. All material intercompany transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current period's presentation. Equity investments of less than a majority but at least 20% ownership are accounted for by the equity method and classified as “Other assets.” Earnings on these investments are reflected in “Other income” on the Consolidated Statements of Income, as appropriate, in the period earned. |
Securities | Securities Debt securities that First Commonwealth has the positive intent and ability to hold to maturity are classified as securities held to maturity and are reported at amortized cost adjusted for amortization of premium and accretion of discount on a level yield basis. Debt and equity securities that are bought and held principally for the purpose of selling them in the near term are to be classified as trading securities and reported at fair value, with unrealized gains and losses included in earnings. Debt securities not classified as either held-to-maturity securities or trading securities are classified as securities available for sale and are reported at fair value, with unrealized gains and losses that are not related to impairment excluded from earnings and reported as a component of other comprehensive income, which is included in shareholders’ equity, net of deferred taxes. First Commonwealth has securities classified as held to maturity and available for sale and does not engage in trading activities. First Commonwealth utilizes the specific identification method to determine the net gain or loss on debt securities and the average cost method to determine the net gain or loss on the equity securities. First Commonwealth conducts a comprehensive review of the investment portfolio on a quarterly basis to evaluate for expected credit losses. When evaluating available-for-sale securities, management first considers whether we intend to sell the security, or if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If there is intent to sell, the security's amortized cost is written down to fair value through income. Otherwise, available-for-sale securities whose market values have fallen below their book value are evaluated at the issuer-specific level to determine if the decline in value is a result of credit losses. Issuer-specific securities include obligations of U.S. Government agencies and sponsored enterprises, single issue trust preferred securities, corporate debentures and obligations of states and political subdivisions. Further analysis of these securities includes a review of research reports, analysts’ recommendations, credit rating changes, news stories, annual reports, impact of interest rate changes and any other relevant information pertaining to the affected security. Any loss not determined to be a credit loss is recorded as a reduction to shareholders equity, through other comprehensive income. Held-to-maturity securities are evaluated for impairment on an annual basis, using historical probability of default and loss given default information specific to the investment category. On a quarterly basis, a qualitative review is |
Financing Receivable, Held-for-sale [Policy Text Block] | Mortgage Loans Held for SaleCertain residential mortgage loans are originated for sale in the secondary mortgage loan market with the majority sold with servicing rights released. These loans are classified as loans held for sale and are carried at the estimated market value on an aggregate basis. Market value is determined on the basis of rates obtained in the respective secondary market for the type of loan held for sale. Loans are generally sold at a premium or discount from the carrying amount of the loan. Such premium or discount is recognized at the date of sale. Gain or loss on the sale of loans is recorded in non-interest income at the time consideration is received and all other criteria for sales treatment have been met. |
Loans | Loans Loans are carried at the principal amount outstanding. Interest is accrued as earned. Loans held for sale are carried at the lower of cost or fair market value determined on an individual basis. First Commonwealth considers a loan to be past due and still accruing interest when payment of interest or principal is contractually past due but the loan is both well secured and in the process of collection. For installment, mortgage, term and other loans with amortizing payments that are scheduled monthly, 90 days past due is reached when four monthly payments are due and unpaid. For demand, time and other multi-payment obligations with payments scheduled other than monthly, delinquency status is calculated using number of days instead of number of payments. Revolving credit loans, including personal credit lines and home equity lines, are considered to be 90 days past due when the borrower has not made the minimum payment for four monthly cycles. A loan is placed in nonaccrual status when, based on current information and events, it is probable that First Commonwealth will be unable to fully collect principal or interest due according to the contractual terms of the loan. A loan is also placed in nonaccrual status when, based on regulatory definitions, the loan is maintained on a “cash basis” due to the weakened financial condition of the borrower. When a determination is made to place a loan in nonaccrual status, all accrued and unpaid interest is reversed. Nonaccrual loans are restored to accrual status when, based on a sustained period of repayment by the borrower in accordance with the contractual terms of the loan, First Commonwealth expects repayment of the remaining contractual principal and interest or when the loan otherwise becomes well-secured and in the process of collection. First Commonwealth considers a loan to be a troubled debt restructured loan ("TDR") when the loan terms have been renegotiated to provide a reduction or deferral of principal or interest as a result of the financial difficulties experienced by the borrower, who could not obtain comparable terms from alternate financing sources. TDR loans are considered to be nonperforming loans. A loan is considered to be nonperforming when, based on current information and events, it is expected that First Commonwealth will be unable to collect principal or interest that is due in accordance with contractual terms of the loan. Nonperforming loans include nonaccrual loans and TDR loans. Expected losses on nonperforming loans are measured based on the present value of expected cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. For loans other than those that First Commonwealth expects repayment through liquidation of the collateral, when the remaining recorded investment in the loan is less than or equal to the present value of the expected cash flows, income is applied as a reduction to loan principal rather than interest income. Loans deemed uncollectible are charged off through the allowance for credit losses. Factors considered in assessing ultimate collectability include past due status, financial condition of the borrower, collateral values and debt covenants including secondary sources of repayment by guarantors. Payments received on previously charged off loans are recorded as recoveries in the allowance for credit losses. Acquired loans are recorded at estimated fair value on the date of acquisition with no carryover of the related allowance for credit losses. The fair value of acquired loans is determined by estimating the principal and interest cash flows expected to be collected on the loans and discounting those cash flows at a market rate of interest. The estimated fair value considers factors such as loan term, internal risk rating, delinquency status, prepayment rates, estimated value of the underlying collateral and the current interest rate environment. |
Loan Fees | Loan Fees Loan origination and commitment fees, net of associated direct costs, are deferred and the net amount is amortized as an adjustment to the related loan yield on the interest method, generally over the contractual life of the related loans or commitments. |
Other Real Estate Owned | Other Real Estate OwnedReal estate, other than bank premises, is recorded at fair value less estimated selling costs at the time of acquisition. After that time, other real estate is carried at the lower of cost or fair value less estimated costs to sell. Fair value is determined based on an independent appraisal. Expenses related to holding the property and rental income earned on the property are generally reflected in earnings in the current period. Depreciation is not recorded on the other real estate owned properties. |
Allowance for Credit Losses | Allowance for Credit Losses for Loans and Leases On January 1, 2020, First Commonwealth adopted ASU 2016-13 Financial Instruments - Credit Losses ("Topic 326"), which replaces the incurred loss methodology for determining our allowance for credit losses and related provision for credit losses with an expected loss methodology that is referred to as the Current Expected Credit Loss ("CECL") model. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including our loans and leases. We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures and recognized a cumulative effect adjustment reducing retained earnings by $11.2 million, net of tax. First Commonwealth made the accounting policy election to exclude accrued interest from the allowance for credit loss calculation because these balances are written off or reversed when a loan is placed in non-accrual status. In connection with our adoption of ASU 2016-13, we made changes to our loan portfolio segments, as compared to loan segments under the incurred model, to align with the methodology applied in determining the allowance under CECL. In 2022, the annual review of loss history and loss drivers used in the allowance credit losses resulted in several new loan portfolio segments. Real estate construction, which was previously one segment, has been divided into two categories, Construction residential and Construction other. Loans to state and political subdivisions and other commercial loans that have different characteristics than loans in the Time and Demand category, were moved into a new Time and demand other category. Additionally, a new portfolio segment for equipment finance was added as we entered that business in 2022. Refer to Note 9, "Loans and Leases and Allowance for Credit Losses" for further discussion of these portfolio segments. Under CECL, the allowance for credit losses is calculated by pooling loans of similar credit risk characteristics and applying a discounted cash flow methodology after incorporating probability of default and loss given default estimates. Probability of default represents an estimate of the likelihood of default and loss given default measures the expected loss upon default. Inputs impacting the expected losses includes a forecast of macroeconomic factors, using a weighted forecast from a nationally recognized firm. Our model incorporates a one-year forecast of macroeconomic factors, after which the factors revert back to the historical mean over a one-year period. All nonperforming credits, which includes nonaccrual loans and all TDRs, in excess of $250 thousand are individually evaluated on a quarterly basis. A specific reserve is established for individually evaluated loans in an amount equal to the total amount of estimated losses for the loans that are reviewed. Based on this reserve as a percentage of reviewed loan balances, a reserve is also established for the nonperforming loan balances that are not individually reviewed. An additional component of the allowance is determined by management based on a qualitative analysis of certain factors related to portfolio risks that are not incorporated in the calculated model. Factors considered by management include lending practices, ability and experience of the credit staff, the overall lending environment and external factors such as the regulatory environment and competition. Portfolio risks include unusual changes or recent trends in specific portfolios such as unexpected changes in the trends or levels of delinquency. No matter how detailed an analysis of potential credit losses is performed, these estimates are inherently imprecise. Management must make estimates using assumptions and information that is often subjective and changes rapidly. |
Allowance for Off-Balance Sheet Credit Exposures | Allowance for Off-Balance Sheet Credit Exposures First Commonwealth maintains an allowance for off-balance sheet credit exposure at a level deemed sufficient to absorb losses that are inherent to off-balance sheet credit risk. Off-balance sheet credit exposure includes commitments to extend credit, standby letters of credit and commercial letters of credit. The Company’s methodology for assessing the appropriateness of the allowance for off-balance sheet credit exposure consists of analysis of historical usage trends. The calculation begins with historical usage trends related to lines of credit as well as letters of credit and then utilizes those figures to determine the |
Bank Owned Life Insurance | Bank Owned Life InsuranceFirst Commonwealth and the banks that First Commonwealth has acquired have purchased insurance on the lives of certain groups of employees. The policies accumulate asset values to meet future liabilities, including the payment of employee benefits such as health care. Increases in the cash surrender value are recorded as non-interest income in the Consolidated Statements of Income and cash receipts and disbursements are included in "Operating Activities" in the Consolidated Statements of Cash Flows. Under some of these policies, the beneficiaries receive a portion of the death benefit. |
Premises and Equipment | Premises, Equipment and Lease Commitments Premises and equipment are carried at cost less accumulated depreciation on First Commonwealth’s Consolidated Statements of Financial Condition. Depreciation is computed on the straight-line and accelerated methods over the estimated useful life of the asset. A straight-line depreciation method was used for substantially all furniture and equipment as well as buildings and improvements. Charges for maintenance and repairs are expensed as incurred. Leasehold improvements are expensed over the term of the lease or the estimated useful life of the improvement, whichever is shorter. |
Goodwill | Goodwill Intangible assets resulting from acquisitions under the purchase method of accounting consist of goodwill and other intangible assets (see “Other Intangible Assets” section below). Goodwill is not amortized and is subject to at least annual assessments for impairment. First Commonwealth reviews goodwill annually and again at any quarter-end if a material event occurs during the quarter that may affect goodwill. When circumstances indicate that it is more likely than not that fair value is less than carrying value, a triggering event has occurred and a quantitative impairment test is performed. Goodwill is evaluated for potential impairment by determining if our fair value has fallen below carrying value. |
Other Intangible Assets | Other Intangible Assets Other intangible assets consist of core deposits and customer lists obtained through acquisitions. Core deposit intangibles are amortized over their estimated lives using the present value of the benefit of the core deposits and straight-line methods of amortization. Customer list intangibles are amortized over the expected lives using expected cash flows based on retention of the customer base. These intangibles are evaluated for impairment on an annual basis and when events or changes in circumstances indicate that the carrying amount may not be recoverable. |
Accounting for the Impairment of Long-Lived Assets | Accounting for the Impairment of Long-Lived Assets First Commonwealth reviews long-lived assets, such as premises and equipment and intangibles, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. These changes in circumstances may include a significant decrease in the market value of an asset or the extent or manner in which an asset is used. If there is an indication that the carrying amount of an asset may not be recoverable, future undiscounted cash flows expected to result from the use of the asset are estimated. If the sum of the expected cash flows is less than the carrying value of the asset, a loss is recognized for the difference between the carrying value and fair value of the asset. Long-lived assets |
Income Taxes | Income TaxesFirst Commonwealth records taxes in accordance with the asset and liability method of FASB ASC Topic 740, “Income Taxes,” ("Topic 740") whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax bases given the provisions of the enacted tax laws. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are more likely than not expected to be realized based upon available evidence. In accordance with Topic 740, interest or penalties incurred for taxes will be recorded as a component of noninterest expense. |
Comprehensive Income Disclosures | Comprehensive Income Disclosures“Other Comprehensive Income” (comprehensive income, excluding net income) includes the after-tax effect of changes in unrealized holding gains and losses on available-for-sale securities, changes in the funded status of defined benefit postretirement plans and changes in the fair value of cash flow hedges. Comprehensive income is reported in the accompanying Consolidated Statements of Comprehensive Income, net of tax. |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold and interest-bearing bank deposits. Generally, federal funds are sold for one-day periods. |
Derivatives and Hedging Activities | Derivatives and Hedging Activities First Commonwealth accounts for derivative instruments and hedging activities in accordance with FASB ASC Topic 815, “Derivatives and Hedging" ("Topic 815"). All derivatives are evaluated at inception as to whether or not they are hedging or non-hedging activities, and appropriate documentation is maintained to support the final determination. First Commonwealth recognizes all derivatives as either assets or liabilities on the Consolidated Statements of Financial Condition and measures those instruments at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. For derivatives designated as cash flow hedges, changes in fair value of the effective portion of the cash flow hedges are reported in other comprehensive income ("OCI"). When the cash flows associated with the hedged item are realized, the gain or loss included in OCI is recognized in the Consolidated Statement of Income. When First Commonwealth purchases a portion of a commercial loan that has an existing interest rate swap, it enters a Risk Participation Agreement with the counterparty and assumes the credit risk of the loan customer related to the swap. Any fee paid to First Commonwealth as a result of the risk participation agreement is offset by credit risk of the counterparties and is recognized in the income statement. Credit risk on the risk participation agreements is determined after considering the risk rating, probability of default and loss given default of the counterparties. Management periodically reviews contracts from various functional areas of First Commonwealth to identify potential derivatives embedded within selected contracts. As of December 31, 2022, First Commonwealth has interest rate derivative positions that are designated as hedging instruments and others that are not designated as hedging instruments. See Note 7, “Derivatives,” for a description of these instruments. |
Earnings Per Common Share | Earnings Per Common Share Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For all periods presented, the dilutive effect on average shares outstanding is the result of unvested restricted stock grants. |
Fair Value Measurements | Fair Value Measurements In accordance with FASB ASC Topic 820, “Fair Value Measurements and Disclosures" ("Topic 820"), First Commonwealth groups financial assets and financial liabilities measured at fair value into three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange ("NYSE"). Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. • Level 2—Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained for identical or comparable assets or liabilities from alternative pricing sources with reasonable levels of price transparency. Level 2 securities include U.S. Government securities issued by Agencies and Sponsored Enterprises, Obligations of States and Political Subdivisions, certain corporate securities, FHLB stock, loans held for sale, interest rate derivatives that include interest rate swaps, risk participation agreements and foreign currency contracts, certain other real estate owned and certain nonperforming loans. • Level 3—Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. If the inputs used to provide the evaluation are unobservable and/or there is very little, if any, market activity for the security or similar securities, the securities would be considered Level 3 securities. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. The assets included in Level 3 are nonmarketable equity investments, certain other real estate owned and certain nonperforming loans. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon pricing models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and our creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. See Note 17 “Fair Values of Assets and Liabilities” for additional information. |
Revenue from Contract with Customer [Policy Text Block] | Revenue from Contracts with Customers First Commonwealth records revenue from contracts with customers in accordance with ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. A significant component of the Company's revenue, net interest earned on financial assets and liabilities, is excluded from the scope of Topic 606. First Commonwealth generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, the Company has made no significant judgments in applying the revenue guidance prescribed in Topic 606 that affect the determination of the amount and timing of revenue from contracts with customers. |
Lessee, Leases | A right-of-use asset and related lease liability is recognized on the Consolidated Statements of Financial Condition for operating leases First Commonwealth has entered to lease certain office facilities. These amounts are reported as components of premises and equipment and other liabilities. Short-term operating leases, which are leases with an original term of 12 months or less and do not have a purchase option that is likely to be exercised, are not recognized as part of the right-of-use asset or lease liability. First Commonwealth has no material leasing arrangements for which it is the lessor of property or equipment. |
Supplemental Comprehensive In_2
Supplemental Comprehensive Income Disclosures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Supplemental Comprehensive Income Disclosures [Abstract] | |
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income | The following table identifies the related tax effects allocated to each component of other comprehensive income in the Consolidated Statements of Comprehensive Income as of December 31. Reclassification adjustments related to securities available for sale are included in the “ Net securities gains ” line in the Consolidated Statements of Income. 2022 2021 2020 Pretax Amount Tax (Expense) Benefit Net of Tax Amount Pretax Amount Tax (Expense) Benefit Net of Tax Amount Pretax Amount Tax (Expense) Benefit Net of Tax Amount (dollars in thousands) Unrealized gains (losses) on securities: Unrealized holding (losses) gains on securities arising during the period $ (131,838) $ 27,686 $ (104,152) $ (29,892) $ 6,278 $ (23,614) $ 19,981 $ (4,196) $ 15,785 Reclassification adjustment for gains on securities included in net income (2) — (2) (16) 3 (13) (70) 15 (55) Total unrealized (losses) gains on securities (131,840) 27,686 (104,154) (29,908) 6,281 (23,627) 19,911 (4,181) 15,730 Unrealized gains (losses) on derivatives: Unrealized holding losses on derivatives arising during the period (31,573) 6,630 (24,943) (3,356) 705 (2,651) (4,467) 938 (3,529) Total unrealized losses on derivatives (31,573) 6,630 (24,943) (3,356) 705 (2,651) (4,467) 938 (3,529) Unrealized gains (losses) for postretirement obligations: Prior service cost 76 (16) 60 76 (16) 60 (537) 113 (424) Net gain (loss) 143 (30) 113 275 (58) 217 (155) 32 (123) Total unrealized gains (losses) for postretirement obligations 219 (46) 173 351 (74) 277 (692) 145 (547) Total other comprehensive (loss) income $ (163,194) $ 34,270 $ (128,924) $ (32,913) $ 6,912 $ (26,001) $ 14,752 $ (3,098) $ 11,654 The following table sets forth the amounts recognized in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit costs as of December 31: 2022 2021 2020 (dollars in thousands) Amounts recognized in accumulated other comprehensive income, net of tax: Net (gain) loss $ (575) $ (461) $ (243) Prior service cost 305 364 424 Total $ (270) $ (97) $ 181 |
Related Tax Effects Allocated to Each Component of Other Comprehensive Income | The following table details the change in components of OCI for the year ended December 31: 2022 Securities Available for Sale Derivatives Post-Retirement Obligation Accumulated Other Comprehensive Income (dollars in thousands) Balance at January 1 $ (3,317) $ (5,546) $ 95 $ (8,768) Other comprehensive loss before reclassification adjustment (104,152) (24,943) (129,095) Amounts reclassified from accumulated other comprehensive income (loss) (2) — (2) Prior service cost 60 60 Net gain 113 113 Net other comprehensive loss during the period (104,154) (24,943) 173 (128,924) Balance at December 31 $ (107,471) $ (30,489) $ 268 $ (137,692) 2021 Securities Available for Sale Derivatives Post-Retirement Obligation Accumulated Other Comprehensive Income (dollars in thousands) Balance at January 1 $ 20,310 $ (2,895) $ (182) $ 17,233 Other comprehensive income before reclassification adjustment (23,614) (2,651) (26,265) Amounts reclassified from accumulated other comprehensive income (loss) (13) — (13) Prior service cost 60 60 Net gain 217 217 Net other comprehensive income during the period (23,627) (2,651) 277 (26,001) Balance at December 31 $ (3,317) $ (5,546) $ 95 $ (8,768) 2020 Securities Available for Sale Derivatives Post-Retirement Obligation Accumulated Other Comprehensive Income (dollars in thousands) Balance at January 1 $ 4,580 $ 634 $ 365 $ 5,579 Other comprehensive income before reclassification adjustment 15,785 (3,529) 12,256 Amounts reclassified from accumulated other comprehensive income (loss) (55) — (55) Prior service cost (424) (424) Net gain (123) (123) Net other comprehensive income during the period 15,730 (3,529) (547) 11,654 Balance at December 31 $ 20,310 $ (2,895) $ (182) $ 17,233 |
Supplemental Cash Flow Disclo_2
Supplemental Cash Flow Disclosures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Supplemental Cash Flow Information [Abstract] | |
Non-cash Investing and Financing Activities | The following table presents information related to cash paid during the year for interest and income taxes as well as detail on non-cash investing and financing activities for the years ended December 31: 2022 2021 2020 (dollars in thousands) Cash paid during the period for: Interest $ 16,396 $ 15,624 $ 33,964 Income taxes 34,326 22,374 25,914 Non-cash investing and financing activities: Loans transferred to other real estate owned and repossessed assets 2,852 3,163 3,865 Fair value of loans transferred from held to maturity to held for sale 61,892 73,697 37,305 Loans transferred from held for sale to held to maturity 1,485 — 4,335 Gross (decrease) increase in market value adjustment to securities available for sale (131,840) (29,908) 19,911 Gross decrease in market value adjustment to derivatives (31,574) (3,356) (4,467) Investments committed to purchase, not settled — — (34,185) Increase in limited partnership investment unfunded commitment — 7,565 — Proceeds from death benefit on bank-owned life insurance not received 1,973 — (384) Treasury shares issued 1,947 2,042 1,594 |
Earnings per Share (Tables)
Earnings per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share [Abstract] | |
Composition of Weighted-Average Common Shares (Denominator) Used in Basic and Diluted Earnings Per Share | The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the years ending December 31: 2022 2021 2020 Weighted average common shares issued 113,914,902 113,914,902 113,914,902 Average treasury shares (20,089,722) (18,140,857) (16,254,304) Average deferred compensation shares (55,734) (55,590) (42,751) Average unearned nonvested shares (157,403) (134,565) (118,261) Weighted average common shares and common stock equivalents used to calculate basic earnings per share 93,612,043 95,583,890 97,499,586 Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share 219,584 200,712 203,836 Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share 55,820 55,683 55,543 Weighted average common shares and common stock equivalents used to calculate diluted earnings per share 93,887,447 95,840,285 97,758,965 Per Share Data Basic Earnings Per Share $ 1.37 $ 1.45 $ 0.75 Diluted Earnings Per Share $ 1.37 $ 1.44 $ 0.75 |
Common Stock Equivalents Not Included in Computation of Diluted Earnings Per Share | The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the years ended December 31, because to do so would have been anti-dilutive. 2022 2021 2020 Price Range Price Range Price Range Shares From To Shares From To Shares From To Restricted Stock 128,860 $ 12.77 $ 16.43 99,344 $ 12.77 $ 15.96 92,499 $ 13.72 $ 15.44 Restricted Stock Units 25,983 $ 21.08 $ 21.08 — $ — $ — 106,931 $ 12.43 $ 15.37 |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Credit Value Adjustment Recorded Related to Notional Amount of Derivatives Outstanding | The following table depicts the credit value adjustment recorded relative to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks at December 31: 2022 2021 (dollars in thousands) Derivatives not Designated as Hedging Instruments Credit value adjustment $ (27) $ (395) Notional Amount: Interest rate derivatives 816,745 708,759 Interest rate caps 15,340 66,007 Interest rate collars 35,354 35,354 Risk participation agreements 256,043 241,111 Sold credit protection on risk participation agreements (100,741) (95,618) Interest rate options 12,009 29,691 Derivatives Designated as Hedging Instruments Interest rate swaps: Fair value adjustment (38,596) (7,022) Notional Amount 570,000 570,000 Interest rate forwards: Fair value adjustment 63 (29) Notional Amount 16,000 38,000 Foreign exchange forwards: Fair value adjustment — 12 Notional Amount — 1,982 |
Schedule of Change in Fair Value of Derivative Assets and Liabilities | The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in “Other income” on the Consolidated Statements of Income for the years ended December 31: 2022 2021 2020 (dollars in thousands) Non-hedging interest rate derivatives: (Decrease) increase in other income $ (363) $ 728 $ (981) Hedging interest rate derivatives: (Decrease) increase in interest and fees on loans (5,125) 1,567 — (Decrease) increase in interest from subordinated debentures (283) 959 449 Hedging interest rate forwards: (Decrease) increase in other income (92) (454) 420 Hedging interest rate derivatives: Increase in other expense 5 11 18 |
Investment Securities (Tables)
Investment Securities (Tables) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | ||
Schedule of Available-for-Sale Securities Reconciliation | Below is an analysis of the amortized cost and fair values of securities available for sale at December 31: 2022 2021 Amortized Gross Gross Estimated Amortized Gross Gross Estimated (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Residential $ 4,127 $ 37 $ (181) $ 3,983 $ 5,242 $ 420 $ — $ 5,662 Mortgage-Backed Securities – Commercial 324,306 — (52,890) 271,416 365,024 1,725 (4,459) 362,290 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 527,777 59 (78,847) 448,989 632,687 6,308 (9,021) 629,974 Other Government-Sponsored Enterprises 1,000 — (118) 882 1,000 — (19) 981 Obligations of States and Political Subdivisions 9,482 — (1,295) 8,187 9,538 89 (103) 9,524 Corporate Securities 32,010 179 (2,985) 29,204 32,088 973 (112) 32,949 Total Securities Available for Sale $ 898,702 $ 275 $ (136,316) $ 762,661 $ 1,045,579 $ 9,515 $ (13,714) $ 1,041,380 | |
Debt Securities, Available-for-Sale | The amortized cost and estimated fair value of debt securities available for sale at December 31, 2022, by contractual maturity, are shown below: Amortized Estimated (dollars in thousands) Due within 1 year $ 5,001 $ 4,997 Due after 1 but within 5 years 8,881 8,654 Due after 5 but within 10 years 28,610 24,622 Due after 10 years — — 42,492 38,273 Mortgage-Backed Securities (a) 856,210 724,388 Total Debt Securities $ 898,702 $ 762,661 (a) Mortgage Backed Securities include an amortized cost of $328.4 million and a fair value of $275.4 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $527.8 million and a fair value of $449.0 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. | |
Proceeds from Sale, Gross Gains (Losses) Realized on Sales, Maturities and Other-Than-Temporary Impairment Charges Related to Securities Available for Sale | Mortgage Backed Securities include an amortized cost of $328.4 million and a fair value of $275.4 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $527.8 million and a fair value of $449.0 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. | |
Cumulative Roll Forward of Credit Losses Recognized in Earnings for Debt Securities Held and Not Intended to be Sold | There was no expected credit related impairment recognized on investment securities during the twelve months ended December 31, 2022, 2021 and 2020. | |
Held-to-maturity Securities | Below is an analysis of the amortized cost and fair values of debt securities held to maturity at December 31: 2022 2021 Amortized Gross Gross Estimated Amortized Gross Gross Estimated (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Residential $ 2,008 $ — $ (224) $ 1,784 $ 2,409 $ 101 $ — $ 2,510 Mortgage-Backed Securities – Commercial 75,229 — (14,196) 61,033 91,439 305 (1,939) 89,805 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 329,267 — (53,002) 276,265 387,848 2,800 (5,758) 384,890 Mortgage-Backed Securities – Commercial 4,794 — (129) 4,665 7,309 148 — 7,457 Other Government-Sponsored Enterprises 22,221 — (4,501) 17,720 21,904 — (625) 21,279 Obligations of States and Political Subdivisions 26,643 — (2,865) 23,778 29,402 414 (103) 29,713 Debt Securities Issued by Foreign Governments 1,000 — (40) 960 1,000 — (3) 997 Total Securities Held to Maturity $ 461,162 $ — $ (74,957) $ 386,205 $ 541,311 $ 3,768 $ (8,428) $ 536,651 | |
Investments Classified by Contractual Maturity Date | The amortized cost and estimated fair value of debt securities held to maturity at December 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Amortized Estimated (dollars in thousands) Due within 1 year $ 1,145 $ 1,143 Due after 1 but within 5 years 9,819 9,315 Due after 5 but within 10 years 38,337 31,570 Due after 10 years 563 430 49,864 42,458 Mortgage-Backed Securities (a) 411,298 343,747 Total Debt Securities $ 461,162 $ 386,205 (a) Mortgage Backed Securities include an amortized cost of $77.2 million and a fair value of $62.8 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $334.1 million and a fair value of $280.9 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. | |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The following table presents the gross unrealized losses and estimated fair values at December 31, 2022 for available for sale securities for which an allowance for credit losses has not been recorded and held to maturity securities by investment category and time frame for which the securities have been in a continuous unrealized loss position: Less Than 12 Months 12 Months or More Total Estimated Gross Estimated Gross Estimated Gross (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Residential $ 3,734 $ (405) $ — $ — $ 3,734 $ (405) Mortgage-Backed Securities – Commercial 92,208 (12,364) 240,241 (54,722) 332,449 (67,086) Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 239,760 (21,543) 482,195 (110,306) 721,955 (131,849) Mortgage-Backed Securities – Commercial 4,666 (129) — — 4,666 (129) Other Government-Sponsored Enterprises — — 18,603 (4,619) 18,603 (4,619) Obligations of States and Political Subdivisions 21,234 (1,979) 9,230 (2,181) 30,464 (4,160) Debt Securities Issued by Foreign Governments 587 (13) 373 (27) 960 (40) Corporate Securities 14,406 (590) 12,632 (2,395) 27,038 (2,985) Total Securities $ 376,595 $ (37,023) $ 763,274 $ (174,250) $ 1,139,869 $ (211,273) | The following table presents the gross unrealized losses and estimated fair value at December 31, 2021 for both available for sale and held to maturity securities by investment category and time frame for which the securities had been in a continuous unrealized loss position: Less Than 12 Months 12 Months or More Total Estimated Gross Estimated Gross Estimated Gross (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities – Commercial $ 320,414 $ (6,398) $ — $ — $ 320,414 $ (6,398) Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities – Residential 658,965 (14,779) — — 658,965 (14,779) Other Government-Sponsored Enterprises 22,261 (644) — — 22,261 (644) Obligations of States and Political Subdivisions 11,213 (206) — — 11,213 (206) Debt Securities Issued by Foreign Governments 997 (3) — — 997 (3) Corporate Securities 19,013 (112) — — 19,013 (112) Total Securities $ 1,032,863 $ (22,142) $ — $ — $ 1,032,863 $ (22,142) |
Loans and Allowance for Credi_2
Loans and Allowance for Credit Losses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Outstanding Balances of Loan | The following table provides outstanding balances related to each of our loan types as of December 31: 2022 2021 (dollars in thousands) Commercial, financial, agricultural and other $ 1,211,706 $ 1,173,452 Time and demand 1,023,824 1,159,524 Commercial credit cards 13,920 13,928 Equipment Finance 79,674 Time and demand other 94,288 Real estate construction 513,101 494,456 Construction other 395,439 Construction residential 117,662 Residential real estate 2,194,669 1,920,250 Residential first lien 1,547,192 1,299,534 Residential junior lien/home equity 647,477 620,716 Commercial real estate 2,425,012 2,251,097 Multifamily 431,151 385,432 Nonowner occupied 1,510,347 1,465,247 Owner occupied 483,514 400,418 Loans to individuals 1,297,655 999,975 Automobile and recreational vehicles 1,210,451 901,280 Consumer credit cards 10,657 11,151 Consumer other 76,547 87,544 Total loans and leases $ 7,642,143 $ 6,839,230 |
Credit Risk Profile by Creditworthiness | The following tables represent our credit risk profile by creditworthiness category for the years ended December 31: 2022 Non-Pass Pass OAEM Substandard Doubtful Loss Total Non-Pass Total (dollars in thousands) Commercial, financial, agricultural and other $ 1,164,193 $ 35,389 $ 12,124 $ — $ — $ 47,513 $ 1,211,706 Time and demand 976,346 35,389 12,089 — — 47,478 1,023,824 Commercial credit cards 13,920 — — — — — 13,920 Equipment Finance 79,674 — — — — — 79,674 Time and demand other 94,253 — 35 — — 35 94,288 Real estate construction 513,101 — — — — — 513,101 Construction other 395,439 — — — — — 395,439 Construction residential 117,662 — — — — — 117,662 Residential real estate 2,187,780 736 6,153 — — 6,889 2,194,669 Residential first lien 1,542,854 675 3,663 — — 4,338 1,547,192 Residential junior lien/home equity 644,926 61 2,490 — — 2,551 647,477 Commercial real estate 2,347,000 52,291 25,721 — — 78,012 2,425,012 Multifamily 430,613 488 50 — — 538 431,151 Nonowner occupied 1,439,478 49,037 21,832 — — 70,869 1,510,347 Owner occupied 476,909 2,766 3,839 — — 6,605 483,514 Loans to individuals 1,297,206 — 449 — — 449 1,297,655 Automobile and recreational vehicles 1,210,090 — 361 — — 361 1,210,451 Consumer credit cards 10,657 — — — — — 10,657 Consumer other 76,459 — 88 — — 88 76,547 Total $ 7,509,280 $ 88,416 $ 44,447 $ — $ — $ 132,863 $ 7,642,143 2021 Non-Pass Pass OAEM Substandard Doubtful Loss Total Non-Pass Total (dollars in thousands) Commercial, financial, agricultural and other $ 1,121,234 $ 33,765 $ 18,453 $ — $ — $ 52,218 $ 1,173,452 Time and demand 1,107,306 33,765 18,453 — — 52,218 1,159,524 Commercial credit cards 13,928 — — — — — 13,928 Real estate construction 493,913 498 45 — — 543 494,456 Residential real estate 1,913,064 976 6,210 — — 7,186 1,920,250 Residential first lien 1,295,524 905 3,105 — — 4,010 1,299,534 Residential junior lien/home equity 617,540 71 3,105 — — 3,176 620,716 Commercial real estate 2,113,123 85,324 52,650 — — 137,974 2,251,097 Multifamily 355,702 14,565 15,165 — — 29,730 385,432 Nonowner occupied 1,368,922 63,783 32,542 — — 96,325 1,465,247 Owner occupied 388,499 6,976 4,943 — — 11,919 400,418 Loans to individuals 999,770 — 205 — — 205 999,975 Automobile and recreational vehicles 901,132 — 148 — — 148 901,280 Consumer credit cards 11,151 — — — — — 11,151 Consumer other 87,487 — 57 — — 57 87,544 Total $ 6,641,104 $ 120,563 $ 77,563 $ — $ — $ 198,126 $ 6,839,230 The following table summarizes the loan risk rating category by loan type including term loans on an amortized cost basis by origination year as of December 31: 2022 Term Loans Revolving Loans 2022 2021 2020 2019 2018 Prior Total (dollars in thousands) Time and demand $ 180,134 $ 165,064 $ 66,006 $ 88,959 $ 57,030 $ 57,907 $ 408,724 $ 1,023,824 Pass 180,134 154,542 56,592 79,935 56,718 56,309 392,116 976,346 OAEM — 10,489 8,387 1,846 250 895 13,522 35,389 Substandard — 33 1,027 7,178 62 703 3,086 12,089 Commercial credit cards — — — — — — 13,920 13,920 Pass — — — — — — 13,920 13,920 Equipment Finance 79,674 — — — — — — 79,674 Pass 79,674 — — — — — — 79,674 Time and demand other 7,172 20,281 19,626 3,823 2,885 36,197 4,304 94,288 Pass 7,172 20,281 19,626 3,823 2,885 36,162 4,304 94,253 Substandard — — — — — 35 — 35 Construction other 81,870 179,919 85,264 23,001 24,005 1,011 369 395,439 Pass 81,870 179,919 85,264 23,001 24,005 1,011 369 395,439 Construction residential 82,829 34,783 — 31 18 — 1 117,662 Pass 82,829 34,783 — 31 18 — 1 117,662 Residential first lien 272,136 507,573 337,995 102,870 69,890 255,573 1,155 1,547,192 Pass 272,136 507,042 337,979 102,097 69,212 253,310 1,078 1,542,854 OAEM — 164 — 133 51 250 77 675 Substandard — 367 16 640 627 2,013 — 3,663 Residential junior lien/home equity 77,016 49,273 1,499 2,584 1,683 4,396 511,026 647,477 Pass 77,016 49,273 1,499 2,517 1,683 4,263 508,675 644,926 OAEM — — — — — 51 10 61 Substandard — — — 67 — 82 2,341 2,490 Multifamily 140,004 90,868 60,699 39,848 19,914 78,483 1,335 431,151 Pass 140,004 90,868 60,699 39,848 19,914 77,945 1,335 430,613 OAEM — — — — — 488 — 488 Substandard — — — — — 50 — 50 Nonowner occupied 298,751 153,918 115,947 214,068 141,814 581,060 4,789 1,510,347 Pass 298,751 153,918 115,947 212,588 113,638 541,007 3,629 1,439,478 OAEM — — — 1,480 20,349 26,207 1,001 49,037 Substandard — — — — 7,827 13,846 159 21,832 Owner occupied 113,010 105,513 56,977 44,430 26,456 131,432 5,696 483,514 Pass 113,010 105,309 55,468 43,014 26,294 128,230 5,584 476,909 OAEM — 182 745 791 92 923 33 2,766 Substandard — 22 764 625 70 2,279 79 3,839 Automobile and recreational vehicles 613,513 330,298 172,530 68,996 20,589 4,525 — 1,210,451 Pass 613,513 330,252 172,435 68,865 20,524 4,501 — 1,210,090 Substandard — 46 95 131 65 24 — 361 Consumer credit cards — — — — — — 10,657 10,657 Pass — — — — — — 10,657 10,657 Consumer other 6,561 17,177 2,489 3,798 1,656 4,085 40,781 76,547 Pass 6,561 17,177 2,489 3,775 1,652 4,085 40,720 76,459 Substandard — — — 23 4 — 61 88 Total $ 1,952,670 $ 1,654,667 $ 919,032 $ 592,408 $ 365,940 $ 1,154,669 $ 1,002,757 $ 7,642,143 2021 Term Loans Revolving Loans 2021 2020 2019 2018 2017 Prior Total (dollars in thousands) Time and demand $ 281,244 $ 126,403 $ 143,030 $ 91,118 $ 45,442 $ 111,127 $ 361,160 $ 1,159,524 Pass 280,854 125,728 128,080 83,204 31,472 102,399 355,569 1,107,306 OAEM 390 596 1,125 7,780 13,945 7,126 2,803 33,765 Substandard — 79 13,825 134 25 1,602 2,788 18,453 Commercial credit cards — — — — — — 13,928 13,928 Pass — — — — — — 13,928 13,928 Real estate construction 202,016 129,298 123,153 38,267 441 841 440 494,456 Pass 201,992 128,824 123,153 38,267 441 796 440 493,913 OAEM 24 474 — — — — — 498 Substandard — — — — — 45 — 45 Residential first lien 376,106 375,904 126,788 84,484 74,268 260,010 1,974 1,299,534 Pass 376,095 375,885 126,618 84,079 74,135 256,815 1,897 1,295,524 OAEM — — — 67 — 761 77 905 Substandard 11 19 170 338 133 2,434 — 3,105 Residential junior lien/home equity 56,861 1,999 3,322 2,684 1,009 5,348 549,493 620,716 Pass 56,861 1,999 3,246 2,684 1,009 5,195 546,546 617,540 OAEM — — — — — 61 10 71 Substandard — — 76 — — 92 2,937 3,105 Multifamily 90,062 73,068 16,782 36,523 63,872 103,774 1,351 385,432 Pass 90,062 73,068 16,782 21,846 49,832 102,761 1,351 355,702 OAEM — — — — 14,040 525 — 14,565 Substandard — — — 14,677 — 488 — 15,165 Nonowner occupied 194,137 98,840 202,236 173,053 177,295 615,943 3,743 1,465,247 Pass 194,137 98,840 202,236 155,293 152,174 563,743 2,499 1,368,922 OAEM — — — 3,723 19,235 39,737 1,088 63,783 Substandard — — — 14,037 5,886 12,463 156 32,542 Owner occupied 77,710 62,380 53,954 34,115 32,989 134,713 4,557 400,418 Pass 77,710 59,973 51,513 33,623 31,644 129,593 4,443 388,499 OAEM — 2,194 1,220 492 1,321 1,716 33 6,976 Substandard — 213 1,221 — 24 3,404 81 4,943 Automobile and recreational vehicles 456,730 252,518 122,943 48,375 17,230 3,484 — 901,280 Pass 456,730 252,518 122,867 48,361 17,224 3,432 — 901,132 Substandard — — 76 14 6 52 — 148 Consumer credit cards — — — — — — 11,151 11,151 Pass — — — — — — 11,151 11,151 Consumer other 22,156 4,655 8,030 5,084 542 5,503 41,574 87,544 Pass 22,156 4,655 8,030 5,084 542 5,460 41,560 87,487 Substandard — — — — — 43 14 57 Total $ 1,757,022 $ 1,125,065 $ 800,238 $ 513,703 $ 413,088 $ 1,240,743 $ 989,371 $ 6,839,230 |
Age Analysis of Past Due Loans by Segment | The following tables delineate the aging analysis of the recorded investments in past due loans as of December 31. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection. 2022 30 - 59 60 - 89 90 days Nonaccrual Total past Current Total (dollars in thousands) Commercial, financial, agricultural and other $ 1,233 $ 279 $ 355 $ 2,374 $ 4,241 $ 1,207,465 $ 1,211,706 Time and demand 1,121 270 352 2,374 4,117 1,019,707 1,023,824 Commercial credit cards 27 9 — — 36 13,884 13,920 Equipment Finance — — — — — 79,674 79,674 Time and demand other 85 — 3 — 88 94,200 94,288 Real estate construction 502 — — — 502 512,599 513,101 Construction other — — — — — 395,439 395,439 Construction residential 502 — — — 502 117,160 117,662 Residential real estate 3,023 1,178 811 5,683 10,695 2,183,974 2,194,669 Residential first lien 1,547 771 214 3,369 5,901 1,541,291 1,547,192 Residential junior lien/home equity 1,476 407 597 2,314 4,794 642,683 647,477 Commercial real estate 7,870 25 93 20,539 28,527 2,396,485 2,425,012 Multifamily 202 — — — 202 430,949 431,151 Nonowner occupied 7,547 — 92 19,575 27,214 1,483,133 1,510,347 Owner occupied 121 25 1 964 1,111 482,403 483,514 Loans to individuals 3,268 571 732 449 5,020 1,292,635 1,297,655 Automobile and recreational vehicles 2,694 368 295 361 3,718 1,206,733 1,210,451 Consumer credit cards 53 29 5 — 87 10,570 10,657 Consumer other 521 174 432 88 1,215 75,332 76,547 Total $ 15,896 $ 2,053 $ 1,991 $ 29,045 $ 48,985 $ 7,593,158 $ 7,642,143 2021 30 - 59 60 - 89 90 days Nonaccrual Total past Current Total (dollars in thousands) Commercial, financial, agricultural and other $ 633 $ 987 $ 155 $ 2,006 $ 3,781 $ 1,169,671 $ 1,173,452 Time and demand 605 972 144 2,006 3,727 1,155,797 1,159,524 Commercial credit cards 28 15 11 — 54 13,874 13,928 Real estate construction 813 — 448 45 1,306 493,150 494,456 Residential real estate 3,393 983 218 5,608 10,202 1,910,048 1,920,250 Residential first lien 1,934 354 51 2,706 5,045 1,294,489 1,299,534 Residential junior lien/home equity 1,459 629 167 2,902 5,157 615,559 620,716 Commercial real estate — 74 — 40,195 40,269 2,210,828 2,251,097 Multifamily — — — 15,097 15,097 370,335 385,432 Nonowner occupied — — — 23,930 23,930 1,441,317 1,465,247 Owner occupied — 74 — 1,168 1,242 399,176 400,418 Loans to individuals 1,611 417 785 206 3,019 996,956 999,975 Automobile and recreational vehicles 1,228 175 199 148 1,750 899,530 901,280 Consumer credit cards 36 44 63 — 143 11,008 11,151 Consumer other 347 198 523 58 1,126 86,418 87,544 Total $ 6,450 $ 2,461 $ 1,606 $ 48,060 $ 58,577 $ 6,780,653 $ 6,839,230 |
Recorded Investment and Unpaid Principal Balance for Impaired Loans with Associated Allowance | The following tables include the recorded investment and unpaid principal balance for nonperforming loans with the associated allowance amount, if applicable, as of December 31, 2022 and 2021. Also presented are the average recorded investment in nonperforming loans and the related amount of interest recognized while the loan was considered nonperforming for the years ended December 31, 2022, 2021 and 2020. Average balances are calculated based on month-end balances of the loans for the period reported and are included in the table below based on its period end allowance position. 2022 Recorded Unpaid Related Average Interest (dollars in thousands) With no related specific allowance recorded: Commercial, financial, agricultural and other $ 3,141 $ 9,555 $ 3,751 $ 157 Time and demand 3,141 9,555 3,751 157 Equipment Finance — — — — Time and demand other — — — — Real estate construction — — — — Construction other — — — — Construction residential — — — — Residential real estate 9,145 11,010 9,040 241 Residential first lien 5,754 6,848 5,280 172 Residential junior lien/home equity 3,391 4,162 3,760 69 Commercial real estate 21,505 24,119 22,983 172 Multifamily — — 172 43 Nonowner occupied 20,155 22,565 21,304 104 Owner occupied 1,350 1,554 1,507 25 Loans to individuals 528 563 455 16 Automobile and recreational vehicles 440 475 378 16 Consumer other 88 88 77 — Subtotal 34,319 45,247 36,229 586 With a specific allowance recorded: Commercial, financial, agricultural and other $ 1,168 $ 1,186 $ 711 $ 261 $ 8 Time and demand 1,168 1,186 711 261 8 Equipment Finance — — — — — Time and demand other — — — — — Real estate construction — — — — — Construction other — — — — — Construction residential — — — — — Residential real estate — — — — — Residential first lien — — — — — Residential junior lien/home equity — — — — — Commercial real estate — — — — — Multifamily — — — — — Nonowner occupied — — — — — Owner occupied — — — — — Loans to individuals — — — — — Automobile and recreational vehicles — — — — — Consumer other — — — — — Subtotal 1,168 1,186 711 261 8 Total $ 35,487 $ 46,433 $ 711 $ 36,490 $ 594 2021 Recorded Unpaid Related Average Interest (dollars in thousands) With no related specific allowance recorded: Commercial, financial, agricultural and other $ 3,720 $ 10,303 $ 9,240 $ 389 Time and demand 3,720 10,303 9,240 389 Real estate construction 45 53 53 — Residential real estate 9,365 11,294 10,315 375 Residential first lien 5,200 6,337 5,674 279 Residential junior lien/home equity 4,165 4,957 4,641 96 Commercial real estate 40,591 41,525 26,235 119 Multifamily 14,677 14,677 1,223 — Nonowner occupied 24,581 25,310 22,668 28 Owner occupied 1,333 1,538 2,344 91 Loans to individuals 446 485 479 15 Automobile and recreational vehicles 388 422 425 15 Consumer other 58 63 54 — Subtotal 54,167 63,660 46,322 898 With a specific allowance recorded: Commercial, financial, agricultural and other $ 327 $ 349 $ 307 $ 84 $ — Time and demand 327 349 307 84 — Real estate construction — — — — — Residential real estate — — — — — Residential first lien — — — — — Residential junior lien/home equity — — — — — Commercial real estate 686 711 88 665 — Multifamily 421 446 88 444 — Nonowner occupied — — — — — Owner occupied 265 265 — 221 — Loans to individuals — — — — — Automobile and recreational vehicles — — — — — Consumer other — — — — — Subtotal 1,013 1,060 395 749 — Total $ 55,180 $ 64,720 $ 395 $ 47,071 $ 898 2020 Average Interest (dollars in thousands) With no related specific allowance recorded: Commercial, financial, agricultural and other $ 6,371 $ 80 Time and demand 6,371 80 Real estate construction 146 14 Residential real estate 11,913 335 Residential first lien 6,605 241 Residential junior lien/home equity 5,308 94 Commercial real estate 22,287 184 Multifamily 1 — Nonowner occupied 18,536 82 Owner occupied 3,750 102 Loans to individuals 470 13 Automobile and recreational vehicles 447 13 Consumer other 23 — Subtotal 41,187 626 With a specific allowance recorded: Commercial, financial, agricultural and other $ 1,544 $ 3 Time and demand 1,544 3 Real estate construction — — Residential real estate — — Residential first lien — — Residential junior lien/home equity — — Commercial real estate 7,997 10 Multifamily 395 — Nonowner occupied 7,363 — Owner occupied 239 10 Loans to individuals — — Automobile and recreational vehicles — — Consumer other — — Subtotal 9,541 13 Total $ 50,728 $ 639 |
Troubled Debt Restructured Loans and Commitments | The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans as of December 31: 2022 2021 2020 (dollars in thousands) Troubled debt restructured loans Accrual status $ 6,442 $ 7,120 $ 8,512 Nonaccrual status 8,852 13,134 14,740 Total $ 15,294 $ 20,254 $ 23,252 Commitments Letters of credit $ 60 $ 60 $ 60 Unused lines of credit 23 16 11 Total $ 83 $ 76 $ 71 2022 2021 2020 Number of Recorded Number of Recorded Number of Recorded (dollars in thousands) Commercial, financial, agricultural and other — $ — 1 $ 223 — $ — Time and demand — — 1 223 — — Residential real estate — — — — 1 34 Residential junior lien/home equity — — — — 1 34 Loans to individuals — — 1 21 2 74 Automobile and recreational vehicles — — 1 21 2 74 Total — $ — 2 $ 244 3 $ 108 |
Troubled Debt Restructurings is 90 Days or More Past Due | The following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings during the years ending December 31: 2022 Type of Modification Number Extend Modify Modify Total Post- Specific (dollars in thousands) Residential real estate 5 $ — $ 10 $ 683 $ 693 $ 676 $ — Residential first lien 5 — 10 683 693 676 — Total 5 $ — $ 10 $ 683 $ 693 $ 676 $ — 2021 Type of Modification Number Extend Modify Modify Total Post- Specific (dollars in thousands) Commercial, financial, agricultural and other 6 $ — $ — $ 7,893 $ 7,893 $ 288 $ — Time and demand 6 — — 7,893 7,893 288 — Residential real estate 15 — 359 301 660 624 — Residential first lien 12 — 359 171 530 502 — Residential junior lien/home equity 3 — — 130 130 122 — Commercial real estate 2 — — 644 644 634 — Nonowner occupied 2 — — 644 644 634 — Loans to individuals 7 — 110 63 173 144 — Automobile and recreational vehicles 7 — 110 63 173 144 — Total 30 $ — $ 469 $ 8,901 $ 9,370 $ 1,690 $ — 2020 Type of Modification Number Extend Modify Modify Total Post- Specific (dollars in thousands) Commercial, financial, agricultural and other 4 $ — $ 629 $ 2,176 $ 2,805 $ 2,196 $ 636 Time and demand 4 — 629 2,176 2,805 2,196 636 Residential real estate 18 — 33 917 950 791 — Residential first lien 9 — 33 513 546 411 — Residential junior lien/home equity 9 — — 404 404 380 — Commercial real estate 5 — — 10,857 10,857 10,758 — Nonowner occupied 4 — — 10,289 10,289 10,263 — Owner occupied 1 — — 568 568 495 — Loans to individuals 14 — 114 148 262 224 — Automobile and recreational vehicles 14 — 114 148 262 224 — Total 41 $ — $ 776 $ 14,098 $ 14,874 $ 13,969 $ 636 |
Allowance for Credit Losses | The following tables provide detail related to the allowance for credit losses for the years ended December 31. 2022 Beginning balance Charge-offs Recoveries Provision (credit) a Ending balance (dollars in thousands) Commercial, financial, agricultural and other $ 18,093 $ (2,361) $ 394 $ 6,524 $ 22,650 Time and demand 15,283 (710) 202 5,265 20,040 Commercial credit cards 247 (217) 71 234 335 Equipment Finance — — — 1,086 1,086 Time and demand other 2,563 (1,434) 121 (61) 1,189 Real estate construction 4,220 — 9 4,593 8,822 Construction other 3,278 — 9 3,073 6,360 Construction residential 942 — — 1,520 2,462 Residential real estate 12,625 (339) 187 8,939 21,412 Residential first liens 7,459 (163) 130 7,396 14,822 Residential junior liens/home equity 5,166 (176) 57 1,543 6,590 Commercial real estate 33,376 (2,487) 769 (2,854) 28,804 Multifamily 3,561 (411) 411 1,165 4,726 Nownowner occupied 24,838 (1,836) 342 (6,918) 16,426 Owner occupied 4,977 (240) 16 2,899 7,652 Loans to individuals 24,208 (4,658) 1,349 319 21,218 Automobile and recreational vehicles 21,392 (2,639) 787 (721) 18,819 Consumer credit cards 496 (486) 75 327 412 Consumer other 2,320 (1,533) 487 713 1,987 Total $ 92,522 $ (9,845) $ 2,708 $ 17,521 $ 102,906 a) The provision (credit) shown here excludes the provision for off-balance sheet credit exposure included in the income statement. December 31, 2022 Loans Ending balance Ending balance: individually evaluated for credit losses Ending balance: collectively evaluated for credit losses Ending balance Ending balance: individually evaluated for credit losses Ending balance: collectively evaluated for credit losses (dollars in thousands) Commercial, financial, agricultural and other $ 22,650 $ 711 $ 21,939 $ 1,211,706 $ 3,330 $ 1,208,376 Time and demand 20,040 711 19,329 1,023,824 3,330 1,020,494 Commercial credit cards 335 — 335 13,920 — 13,920 Equipment Finance 1,086 — 1,086 79,674 — 79,674 Time and demand other 1,189 — 1,189 94,288 — 94,288 Real estate construction 8,822 — 8,822 513,101 — 513,101 Construction other 6,360 — 6,360 395,439 — 395,439 Construction residential 2,462 — 2,462 117,662 — 117,662 Residential real estate 21,412 — 21,412 2,194,669 301 2,194,368 Residential first liens 14,822 — 14,822 1,547,192 301 1,546,891 Residential junior liens/home equity 6,590 — 6,590 647,477 — 647,477 Commercial real estate 28,804 — 28,804 2,425,012 20,583 2,404,429 Multifamily 4,726 — 4,726 431,151 — 431,151 Nownowner occupied 16,426 — 16,426 1,510,347 19,918 1,490,429 Owner occupied 7,652 — 7,652 483,514 665 482,849 Loans to individuals 21,218 — 21,218 1,297,655 — 1,297,655 Automobile and recreational vehicles 18,819 — 18,819 1,210,451 — 1,210,451 Consumer credit cards 412 — 412 10,657 — 10,657 Consumer other 1,987 — 1,987 76,547 — 76,547 Total $ 102,906 $ 711 $ 102,195 $ 7,642,143 $ 24,214 $ 7,617,929 2021 Beginning balance Charge-offs Recoveries Provision (credit) a Ending balance (dollars in thousands) Commercial, financial, agricultural and other $ 17,187 $ (7,020) $ 2,430 $ 5,496 $ 18,093 Time and demand 16,838 (6,845) 2,412 5,441 17,846 Commercial credit cards 349 (175) 18 55 247 Real estate construction 7,966 (9) 155 (3,892) 4,220 Residential real estate 14,358 (309) 468 (1,892) 12,625 Residential first liens 7,919 (60) 337 (737) 7,459 Residential junior liens/home equity 6,439 (249) 131 (1,155) 5,166 Commercial real estate 41,953 (1,659) 135 (7,053) 33,376 Multifamily 6,240 (1) — (2,678) 3,561 Nownowner occupied 28,414 (1,556) 125 (2,145) 24,838 Owner occupied 7,299 (102) 10 (2,230) 4,977 Loans to individuals 19,845 (4,061) 1,460 6,964 24,208 Automobile and recreational vehicles 16,133 (1,792) 1,016 6,035 21,392 Consumer credit cards 635 (425) 71 215 496 Consumer other 3,077 (1,844) 373 714 2,320 Total $ 101,309 $ (13,058) $ 4,648 $ (377) $ 92,522 a) The provision (credit) shown here excludes the provision for off-balance sheet credit exposure included in the income statement. December 31, 2021 Loans Ending balance Ending balance: individually evaluated for credit losses Ending balance: collectively evaluated for credit losses Ending balance Ending balance: individually evaluated for credit losses Ending balance: collectively evaluated for credit losses (dollars in thousands) Commercial, financial, agricultural and other $ 18,093 $ 307 $ 17,786 $ 1,173,452 $ 3,032 $ 1,170,420 Time and demand 17,846 307 17,539 1,159,524 3,032 1,156,492 Commercial credit cards 247 — 247 13,928 — 13,928 Real estate construction 4,220 — 4,220 494,456 — 494,456 Residential real estate 12,625 — 12,625 1,920,250 253 1,919,997 Residential first liens 7,459 — 7,459 1,299,534 — 1,299,534 Residential junior liens/home equity 5,166 — 5,166 620,716 253 620,463 Commercial real estate 33,376 88 33,288 2,251,097 40,246 2,210,851 Multifamily 3,561 88 3,473 385,432 15,097 370,335 Nownowner occupied 24,838 — 24,838 1,465,247 24,205 1,441,042 Owner occupied 4,977 — 4,977 400,418 944 399,474 Loans to individuals 24,208 — 24,208 999,975 — 999,975 Automobile and recreational vehicles 21,392 — 21,392 901,280 — 901,280 Consumer credit cards 496 — 496 11,151 — 11,151 Consumer other 2,320 — 2,320 87,544 — 87,544 Total $ 92,522 $ 395 $ 92,127 $ 6,839,230 $ 43,531 $ 6,795,699 2020 Beginning balance Impact of adoption of CECL Charge-offs Recoveries Provision (credit) a Ending balance (dollars in thousands) Commercial, financial, agricultural and other $ 20,234 $ 1,478 $ (6,318) $ 314 $ 1,479 $ 17,187 Time and demand — 21,242 (6,220) 301 1,515 16,838 Commercial credit cards — 470 (98) 13 (36) 349 Real estate construction 2,558 562 — 26 4,820 7,966 Residential real estate 4,093 7,276 (1,040) 414 3,615 14,358 Residential first liens — 7,326 (550) 296 847 7,919 Residential junior liens/home equity — 4,043 (490) 118 2,768 6,439 Commercial real estate 19,768 (207) (4,939) 312 27,019 41,953 Multifamily — 1,647 — — 4,593 6,240 Nownowner occupied — 12,317 (4,678) 187 20,588 28,414 Owner occupied — 5,597 (261) 125 1,838 7,299 Loans to individuals 4,984 4,284 (6,953) 991 16,539 19,845 Automobile — 6,106 (3,954) 745 13,236 16,133 Consumer credit cards — 221 (595) 36 973 635 Consumer other — 2,941 (2,404) 210 2,330 3,077 Total $ 51,637 $ 13,393 $ (19,250) $ 2,057 $ 53,472 $ 101,309 a) The provision (credit) shown here excludes the provision for off-balance sheet credit exposure included in the income statement. December 31, 2020 Loans Ending balance Ending balance: individually evaluated for credit losses Ending balance: collectively evaluated for credit losses Ending balance Ending balance: individually evaluated for credit losses Ending balance: collectively evaluated for credit losses (dollars in thousands) Commercial, financial, agricultural and other $ 17,187 $ 1,268 $ 15,919 $ 1,555,986 $ 5,411 $ 1,550,575 Time and demand 16,838 1,268 15,570 1,541,382 5,411 1,535,971 Commercial credit cards 349 — 349 14,604 — 14,604 Real estate construction 7,966 — 7,966 427,221 — 427,221 Residential real estate 14,358 — 14,358 1,750,592 1,105 1,749,487 Residential first liens 7,919 — 7,919 1,144,323 528 1,143,795 Residential junior liens/home equity 6,439 — 6,439 606,269 577 605,692 Commercial real estate 41,953 3,638 38,315 2,211,569 34,947 2,176,622 Multifamily 6,240 116 6,124 371,239 459 370,780 Nownowner occupied 28,414 3,508 24,906 1,421,151 31,450 1,389,701 Owner occupied 7,299 14 7,285 419,179 3,038 416,141 Loans to individuals 19,845 — 19,845 815,815 — 815,815 Automobile 16,133 — 16,133 712,800 — 712,800 Consumer credit cards 635 — 635 12,360 — 12,360 Consumer other 3,077 — 3,077 90,655 — 90,655 Total $ 101,309 $ 4,906 $ 96,403 $ 6,761,183 $ 41,463 $ 6,719,720 |
Commitments and Letters of Cr_2
Commitments and Letters of Credit (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Notional Amount of Commitments and Letter of Credit Instruments | The following table identifies the notional amount of those instruments at December 31: 2022 2021 (dollars in thousands) Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 2,356,539 $ 2,353,991 Financial standby letters of credit 18,417 18,824 Performance standby letters of credit 12,853 10,663 Commercial letters of credit 573 975 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Premises and Equipment | Premises and equipment are described as follows: Estimated Useful Life 2022 2021 (dollars in thousands) Land Indefinite $ 13,860 $ 14,621 Buildings and improvements 10-50 years 70,844 75,149 Operating lease right of use asset 1-25 years 51,499 47,938 Leasehold improvements 5-40 years 37,398 35,909 Furniture and equipment 3-7 years 76,879 73,976 Software 3-7 years 44,439 43,511 Subtotal 294,919 291,104 Less accumulated depreciation and amortization 179,813 170,329 Total premises and equipment, net $ 115,106 $ 120,775 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | The following table reconciles future minimum lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the lease liability a s of December 31, 2022 (dollars in thousands): For the twelve months ended December 31, 2023 $ 4,952 2024 4,807 2025 4,593 2026 4,201 2027 3,956 Thereafter 35,244 Total future minimum lease payments 57,753 Less remaining imputed interest 12,604 Operating lease liability $ 45,149 |
Lease, Cost | The following table represents the lease costs and other lease information for the years ended December 31. 2022 2021 (dollars in thousands) Balance sheet: Operating lease asset classified as premises and equipment $ 40,747 $ 40,550 Operating lease liability classified as other liabilities 45,149 44,801 Income statement: Operating lease cost classified as occupancy and equipment expense $ 4,990 $ 4,806 Weighted average lease term, in years 13.95 14.11 Weighted average discount rate 3.29 % 3.24 % Operating cash flows $ 4,838 $ 4,753 |
Goodwill and Other Amortizing_2
Goodwill and Other Amortizing Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill Disclosure [Abstract] | |
Summarized Other Intangible Assets | The following table summarizes other intangible assets: Gross Accumulated Net (dollars in thousands) December 31, 2022 Customer deposit intangibles $ 22,573 $ (16,750) $ 5,823 Customer list intangible 2,283 (1,921) 362 Total other intangible assets $ 24,856 $ (18,671) $ 6,185 December 31, 2021 Customer deposit intangibles $ 22,573 $ (14,407) $ 8,166 Customer list intangible 2,283 (1,762) 521 Total other intangible assets $ 24,856 $ (16,169) $ 8,687 |
Estimated Amortization Expense of Core Deposit Intangibles | The following presents the estimated amortization expense of core deposit and customer list intangibles: Core Deposit Intangibles Customer List Intangible Total (dollars in thousands) 2023 $ 1,932 $ 128 $ 2,060 2024 1,522 97 1,619 2025 1,112 69 1,181 2026 702 42 744 2027 312 15 327 Thereafter 243 11 254 Total $ 5,823 $ 362 $ 6,185 |
Interest-Bearing Deposits (Tabl
Interest-Bearing Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deposits [Abstract] | |
Components of Interest-Bearing Deposits | Components of interest-bearing deposits at December 31 were as follows: 2022 2021 (dollars in thousands) Interest-bearing demand deposits $ 357,769 $ 291,476 Savings deposits 4,572,183 4,647,197 Time deposits 405,009 385,043 Total interest-bearing deposits $ 5,334,961 $ 5,323,716 |
Scheduled Maturities of Time Deposits | Included in time deposits at December 31, 2022, were certificates of deposit with the following scheduled maturities (dollars in thousands): 2023 $ 230,244 2024 83,065 2025 64,757 2026 18,708 2027 and thereafter 8,235 Total $ 405,009 |
Short-term Borrowings (Tables)
Short-term Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Short-Term Debt [Abstract] | |
Summary of Short-Term Borrowings | Short-term borrowings at December 31 were as follows: 2022 2021 2020 Ending Average Average Ending Average Average Ending Average Average (dollars in thousands) Federal funds purchased $ — $ 1,553 3.93 % $ — $ — — % $ — $ 4,147 1.06 % Borrowings from FHLB 285,000 41,529 4.24 — — — — 28,252 1.54 Securities sold under agreements to repurchase 87,694 101,752 0.18 138,315 119,801 0.08 117,373 110,235 0.21 Total $ 372,694 $ 144,834 1.38 $ 138,315 $ 119,801 0.08 $ 117,373 $ 142,634 0.49 Maximum total at any month-end $ 372,694 $ 138,315 $ 248,471 Weighted average rate at year-end 3.56 % 0.06 % 0.10 % |
Interest Expense on Short-Term Borrowings | Interest expense on short-term borrowings for the years ended December 31 is detailed below: 2022 2021 2020 (dollars in thousands) Federal funds purchased $ 61 $ — $ 44 Borrowings from FHLB 1,759 — 434 Securities sold under agreements to repurchase 179 99 226 Total interest on short-term borrowings $ 1,999 $ 99 $ 704 |
Subordinated Debentures (Tables
Subordinated Debentures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Subordinated Debentures [Abstract] | |
Subordinated Debentures Outstanding | Subordinated debentures outstanding at December 31 are as follows: 2022 2021 Due Rate Amount Amount (dollars in thousands) Owed to: First Commonwealth Bank June 1, 2028 4.875% until June 1, 2023, then 3-Month LIBOR + 1.845% $ 49,499 $ 49,407 First Commonwealth Bank June 1, 2033 5.50% until June 1, 2028, then 3-Month LIBOR +2.37% 49,271 49,201 First Commonwealth Capital Trust II January 23, 2034 3-Month LIBOR + 2.85% 30,929 30,929 First Commonwealth Capital Trust III April 6, 2034 3-Month LIBOR + 2.85% 41,238 41,238 Total $ 170,937 $ 170,775 |
Other Long-term Debt (Tables)
Other Long-term Debt (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Summary of Other Long-Term Debt | Other long-term debt at December 31 follows: 2022 2021 Amount Weighted Amount Weighted (dollars in thousands) Borrowings from FHLB due: 2022 $ 712 3.85 % 2023 $ 740 3.86 % 739 3.86 2024 769 3.86 769 3.86 2025 799 3.86 799 3.86 2026 830 3.87 830 3.87 2027 863 3.87 Thereafter 861 3.49 1,724 3.68 Total $ 4,862 $ 5,573 |
Fair Values of Assets and Lia_2
Fair Values of Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Quantitative Inputs and Assumptions Used in Level 3 Fair Value Measurements | In accordance with ASU 2011-4, the following table provides information related to quantitative inputs and assumptions used in Level 3 fair value measurements. Fair Value Valuation Technique Unobservable Inputs Range / (weighted December 31, 2022 Other Investments $ 1,170 Carrying Value N/A N/A Nonperforming Loans 363 (a) Gas Reserve Study Discount rate 10.00% Gas per MMBTU $3.00 - $3.00 (b) Oil per BBL/d $80.00 - $80.00 (b) Limited Partnership Investments 17,691 Par Value N/A N/A December 31, 2021 Other Investments 1,170 Carrying Value N/A N/A Nonperforming Loans 598 (a) Gas Reserve study Discount rate 10.00% Gas per MMBTU $2.00 - $2.00 (b) Oil per BBL/d $50.00 - $50.00 (b) Limited Partnership Investments 14,981 Par Value N/A N/A (a) the remainder of nonperforming loans valued using Level 3 inputs are not included in this disclosure as the values of those loans are based on bankruptcy agreement documentation. |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The tables below present the balances of assets and liabilities measured at fair value on a recurring basis at December 31: 2022 Level 1 Level 2 Level 3 Total (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities—Residential $ — $ 3,983 $ — $ 3,983 Mortgage-Backed Securities—Commercial — 271,416 — 271,416 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities—Residential — 448,989 — 448,989 Other Government-Sponsored Enterprises — 882 — 882 Obligations of States and Political Subdivisions — 8,187 — 8,187 Corporate Securities — 29,204 — 29,204 Total Securities Available for Sale — 762,661 — 762,661 Other Investments — 25,244 1,170 26,414 Loans Held for Sale — 11,869 — 11,869 Other Assets (a) — 50,738 17,691 68,429 Total Assets $ — $ 850,512 $ 18,861 $ 869,373 Other Liabilities (a) $ — $ 89,298 $ — $ 89,298 Total Liabilities $ — $ 89,298 $ — $ 89,298 (a) Hedging and non-hedging interest rate derivatives and limited partnership investments 2021 Level 1 Level 2 Level 3 Total (dollars in thousands) Obligations of U.S. Government Agencies: Mortgage-Backed Securities—Residential $ — $ 5,662 $ — $ 5,662 Mortgage-Backed Securities—Commercial — 362,290 — 362,290 Obligations of U.S. Government-Sponsored Enterprises: Mortgage-Backed Securities—Residential — 629,974 — 629,974 Other Government-Sponsored Enterprises — 981 — 981 Obligations of States and Political Subdivisions — 9,524 — 9,524 Corporate Securities — 32,949 — 32,949 Total Securities Available for Sale — 1,041,380 — 1,041,380 Other Investments — 11,668 1,170 12,838 Loans Held for Sale — 18,583 — 18,583 Other Assets (a) — 26,805 14,981 41,786 Total Assets $ — $ 1,098,436 $ 16,151 $ 1,114,587 Other Liabilities (a) $ — $ 34,263 $ — $ 34,263 Total Liabilities $ — $ 34,263 $ — $ 34,263 |
Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis | The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows for the year ended December 31, 2022: Other Investments Other Assets Total (dollars in thousands) Balance, beginning of year $ 1,170 $ 14,981 $ 16,151 Total gains or losses Included in earnings — — — Included in other comprehensive income — — — Purchases, issuances, sales, and settlements Purchases — 2,991 2,991 Issuances — — — Sales — (281) (281) Settlements — — — Transfers from Level 3 — — — Transfers into Level 3 — — — Balance, end of year $ 1,170 $ 17,691 $ 18,861 There are no gains or losses included in earnings for the period that are attributable to the change in realized gains (losses) relating to assets held at December 31, 2022. During the year ended December 31, 2022, there were no transfers between fair value Levels 1, 2 or 3. The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows for the year ended December 31, 2021: Other Investments Other Assets Total (dollars in thousands) Balance, beginning of year $ 1,670 $ 6,619 $ 8,289 Total gains or losses Included in earnings — — — Included in other comprehensive income — — — Purchases, issuances, sales, and settlements Purchases — 8,511 8,511 Issuances — — — Sales — — — Settlements (500) (149) (649) Transfers from Level 3 — — — Transfers into Level 3 — — — Balance, end of year $ 1,170 $ 14,981 $ 16,151 |
Schedule of Assets Measured on Nonrecurring Basis | The tables below present the balances of assets measured at fair value on a nonrecurring basis at December 31 and total gains and losses realized on these assets during the year ended December 31: 2022 Level 1 Level 2 Level 3 Total Total (dollars in thousands) Nonperforming loans $ — $ 23,140 $ 11,636 $ 34,776 $ (2,127) Other real estate owned — 553 — 553 — Total Assets $ — $ 23,693 $ 11,636 $ 35,329 $ (2,127) 2021 Level 1 Level 2 Level 3 Total Total (dollars in thousands) Nonperforming loans $ — $ 42,538 $ 12,247 $ 54,785 $ 352 Other real estate owned — 729 — 729 — Total Assets $ — $ 43,267 $ 12,247 $ 55,514 $ 352 |
Carrying Amounts and Fair Values of Financial Instruments | The following table presents carrying amounts and estimated fair values of First Commonwealth’s financial instruments at December 31: 2022 Fair Value Measurements Using: Carrying Total Level 1 Level 2 Level 3 (dollars in thousands) Financial assets Cash and due from banks $ 124,254 $ 124,254 $ 124,254 $ — $ — Interest-bearing deposits 29,990 29,990 29,990 — — Securities available for sale 762,661 762,661 — 762,661 — Securities held to maturity 461,162 386,205 — 386,205 — Other investments 26,414 26,414 — 25,244 1,170 Loans held for sale 11,869 11,869 — 11,869 — Loans and leases 7,642,143 7,639,721 — 23,140 7,616,581 Financial liabilities Deposits 8,005,469 7,992,012 — 7,992,012 — Short-term borrowings 372,694 363,135 — 363,135 — Long-term debt 4,862 4,781 — 4,781 — Subordinated debt 170,937 156,621 — — 156,621 Capital lease obligation 5,425 5,425 — 5,425 — 2021 Fair Value Measurements Using: Carrying Total Level 1 Level 2 Level 3 (dollars in thousands) Financial assets Cash and due from banks $ 84,738 $ 84,738 $ 84,738 $ — $ — Interest-bearing deposits 310,634 310,634 310,634 — — Securities available for sale 1,041,380 1,041,380 — 1,041,380 — Securities held to maturity 541,311 536,651 — 536,651 — Other investments 12,838 12,838 — 11,668 1,170 Loans held for sale 18,583 18,583 — 18,583 — Loans and leases 6,839,230 7,169,768 — 42,538 7,127,230 Financial liabilities Deposits 7,982,498 7,980,101 — 7,980,101 — Short-term borrowings 138,315 136,473 — 136,473 — Long-term debt 5,573 6,065 — 6,065 — Subordinated debt 170,775 175,040 — — 175,040 Capital lease obligation 5,921 5,921 — 5,921 — |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Provision (Benefit) | The income tax provision for the years ended December 31 is as follows: 2022 2021 2020 (dollars in thousands) Current tax provision: Federal $ 33,545 $ 32,586 $ 21,629 State 471 397 329 Total current tax provision 34,016 32,983 21,958 Deferred tax provision (benefit): Federal (1,967) 1,501 (5,070) State (45) 76 (132) Total deferred tax provision (2,012) 1,577 (5,202) Total tax provision $ 32,004 $ 34,560 $ 16,756 |
Schedule of Effective Income Tax Rate Reconciliation | The statutory to effective tax rate reconciliation for the years ended December 31 is as follows: 2022 2021 2020 Amount % of Amount % of Amount % of (dollars in thousands) Tax at statutory rate $ 33,639 21 % $ 36,292 21 % $ 18,943 21 % Increase (decrease) resulting from: State income tax, net of federal benefit 361 — 326 — 155 — Income from bank owned life insurance (1,146) (1) (1,351) (1) (1,376) (1) Tax-exempt interest income, net (809) (1) (846) — (1,117) (1) Tax credits (341) — (127) — (44) — Other 300 1 266 — 195 — Total tax provision $ 32,004 20 % $ 34,560 20 % $ 16,756 19 % |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities that represent significant portions of the deferred tax assets and liabilities at December 31 are presented below: 2022 2021 (dollars in thousands) Deferred tax assets: Lease liability $ 9,581 $ 9,489 Allowance for credit losses 21,837 19,597 Postretirement benefits other than pensions 223 235 Unrealized loss on securities available for sale 36,673 2,357 Net operating loss carryforward 37 75 Deferred compensation 1,960 1,969 Accrued interest on nonaccrual loans 935 779 Accrued incentives 3,185 2,591 Unfunded loan commitments & other reserves 2,126 1,363 Other 1,205 988 Total deferred tax assets 77,762 39,443 Deferred tax liabilities: Loan origination fees and costs (1,320) (253) Right of use asset (8,646) (8,589) Depreciation of assets (2,139) (1,725) Section 197 intangibles (1,717) (1,107) Other (197) (308) Total deferred tax liabilities (14,019) (11,982) Net deferred tax asset $ 63,743 $ 27,461 |
Retirement Plans (Tables)
Retirement Plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Retirement Benefits [Abstract] | |
Schedule of Components of Net Periodic Benefit Cost | Net periodic benefit cost of these plans for the years ended December 31, was as follows: 2022 2021 2020 (dollars in thousands) Service cost $ — $ — $ — Interest cost on projected benefit obligation 35 23 23 Amortization of transition obligation — — — Amortization of prior service cost 75 76 — Gain amortization (96) (27) (52) Net periodic benefit cost $ 14 $ 72 $ (29) |
Schedule of Changes in Benefit Obligations and Plan Assets | The following table sets forth the change in the benefit obligation and plan assets as of December 31: 2022 2021 (dollars in thousands) Change in Benefit Obligation Benefit obligation at beginning of year $ 986 $ 1,372 Service cost — — Interest cost 22 23 Amendments — — Actuarial gain (212) (302) Net benefits paid (88) (107) Benefit obligation at end of year 708 986 Change in Plan Assets Fair value of plan assets at beginning of year — — Actual return on plan assets — — Employer contributions 88 107 Net benefits paid (88) (107) Fair value of plan assets at end of year — — Funded Status at End of Year 708 986 Unrecognized prior service cost (386) (461) Unrecognized net gain 728 584 Amounts recognized in retained earnings $ 1,050 $ 1,109 |
Schedule of Amounts Recognized as Other Liabilities | As of December 31, the funded status of the plan is: 2022 2021 (dollars in thousands) Amounts Recognized in the Statement of Financial Condition as Other liabilities $ 708 $ 986 |
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income | The following table identifies the related tax effects allocated to each component of other comprehensive income in the Consolidated Statements of Comprehensive Income as of December 31. Reclassification adjustments related to securities available for sale are included in the “ Net securities gains ” line in the Consolidated Statements of Income. 2022 2021 2020 Pretax Amount Tax (Expense) Benefit Net of Tax Amount Pretax Amount Tax (Expense) Benefit Net of Tax Amount Pretax Amount Tax (Expense) Benefit Net of Tax Amount (dollars in thousands) Unrealized gains (losses) on securities: Unrealized holding (losses) gains on securities arising during the period $ (131,838) $ 27,686 $ (104,152) $ (29,892) $ 6,278 $ (23,614) $ 19,981 $ (4,196) $ 15,785 Reclassification adjustment for gains on securities included in net income (2) — (2) (16) 3 (13) (70) 15 (55) Total unrealized (losses) gains on securities (131,840) 27,686 (104,154) (29,908) 6,281 (23,627) 19,911 (4,181) 15,730 Unrealized gains (losses) on derivatives: Unrealized holding losses on derivatives arising during the period (31,573) 6,630 (24,943) (3,356) 705 (2,651) (4,467) 938 (3,529) Total unrealized losses on derivatives (31,573) 6,630 (24,943) (3,356) 705 (2,651) (4,467) 938 (3,529) Unrealized gains (losses) for postretirement obligations: Prior service cost 76 (16) 60 76 (16) 60 (537) 113 (424) Net gain (loss) 143 (30) 113 275 (58) 217 (155) 32 (123) Total unrealized gains (losses) for postretirement obligations 219 (46) 173 351 (74) 277 (692) 145 (547) Total other comprehensive (loss) income $ (163,194) $ 34,270 $ (128,924) $ (32,913) $ 6,912 $ (26,001) $ 14,752 $ (3,098) $ 11,654 The following table sets forth the amounts recognized in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit costs as of December 31: 2022 2021 2020 (dollars in thousands) Amounts recognized in accumulated other comprehensive income, net of tax: Net (gain) loss $ (575) $ (461) $ (243) Prior service cost 305 364 424 Total $ (270) $ (97) $ 181 |
Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligation | Weighted-average assumptions used to determine the benefit obligation as of December 31 are as follows: 2022 2021 2020 Weighted-Average Assumptions Discount rate 5.31 % 2.38 % 1.83 % Health care cost trend: Initial 6.50 % 5.90 % 5.95 % Health care cost trend: Ultimate 4.75 % 4.75 % 4.75 % Year ultimate reached 2028 2027 2026 |
Schedule of Weighted-Average Assumptions Used to Determine Net Periodic Cost | Weighted-average assumptions used to determine the benefit obligation as of December 31 are as follows: 2022 2021 2020 Weighted-Average Assumptions Discount rate 5.31 % 2.38 % 1.83 % Health care cost trend: Initial 6.50 % 5.90 % 5.95 % Health care cost trend: Ultimate 4.75 % 4.75 % 4.75 % Year ultimate reached 2028 2027 2026 Weighted-average assumptions used to determine the net benefit costs as of December 31 are as follows: 2022 2021 2020 Weighted-Average Assumptions for Net Periodic Cost Discount rate 2.38 % 1.83 % 2.88 % Health care cost trend: Initial 5.90 % 5.95 % 5.55 % Health care cost trend: Ultimate 4.75 % 4.75 % 4.75 % Year ultimate reached 2027 2026 2025 Corridor 10.00 % 10.00 % 10.00 % Recognition period for gains and losses 9.9 10.4 10.9 |
Schedule of Projected Benefit Payments | As of December 31, 2022, the projected benefit payments for the next ten years are as follows: Projected Benefit (dollars in thousands) 2023 $ 105 2024 99 2025 93 2026 87 2027 79 2028 - 2032 287 |
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income | The estimated costs that will be amortized from accumulated other comprehensive income into net periodic cost for 2023 are as follows: Postretirement (dollars in thousands) Net gain $ (96) Prior service cost 76 Total $ (20) |
Incentive Compensation Plan (Ta
Incentive Compensation Plan (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | The following provides detail on the restricted stock awards which were issued and outstanding in 2022, 2021 and 2020 in order to retain and attract key employees. The grant date fair value of the restricted stock awards is equal to the price of First Commonwealth’s common stock on grant date. Grant Date Shares issued Grant Price Vesting Date Number of Equal Vesting Periods March 28, 2022 50,000 $ 15.46 March 28, 2025 1 February 17, 2022 57,000 16.43 February 17, 2025 1 January 3, 2022 1,000 16.25 January 3, 2025 1 December 13, 2021 2,000 14.83 December 13, 2024 1 December 9, 2021 1,000 15.07 December 9, 2024 1 November 22, 2021 1,565 15.96 November 22, 2024 1 November 19, 2021 24,000 15.81 November 19, 2024 1 September 27, 2021 6,000 13.78 September 27, 2024 1 June 14, 2021 15,000 14.58 June 1, 2024 3 February 18, 2021 84,950 12.77 February 18, 2024 1 February 20, 2020 95,300 13.72 February 20, 2023 1 February 21, 2019 63,000 14.22 February 22, 2022 1 February 21, 2019 15,000 14.22 February 22, 2022 1 November 26, 2018 2,000 13.82 November 26, 2021 1 May 29, 2018 3,000 15.44 May 29, 2021 1 March 26, 2018 2,000 14.08 March 26, 2021 1 February 26, 2018 77,500 14.49 February 26, 2021 1 March 24, 2017 5,000 12.99 March 24, 2020 1 March 24, 2017 7,000 12.99 March 24, 2020 1 |
Unvested Service-Based Restricted Stock Awards | A summary of the status of First Commonwealth’s unvested service-based restricted stock awards as of December 31 and changes for the years ended on those dates is presented below: 2022 2021 2020 Shares Weighted Shares Weighted Shares Weighted Outstanding, beginning of the year 286,015 $ 13.82 250,800 $ 14.13 171,500 $ 14.27 Granted 108,000 15.98 134,515 13.64 95,300 13.72 Vested (75,500) 14.24 (88,389) 14.46 (12,000) 12.99 Forfeited (7,250) 13.11 (10,911) 13.66 (4,000) 13.85 Outstanding, end of the year 311,265 14.48 286,015 13.82 250,800 14.13 |
Schedule of Restricted Stock Units Granted Based on Performance [Table Text Block] | The following provides detail on restricted stock awards estimated to be granted on a performance award basis during 2022, 2021 and 2020. These plans were previously approved by the Board of Directors. Grant Date Target Share Award Performance Period (years) Award if threshold met Award if targets are met Award if superior met Award if threshold not achieved Vesting After Performance Period (years) Final vesting December 30, 2015 60,000 5 0 December 31, 2020 February 22, 2018 102,000 3 40 % 100 % 200 % — % 0 December 31, 2020 February 21, 2019 121,900 3 40 % 100 % 200 % — % 0 December 31, 2021 February 20, 2020 125,800 3 40 % 100 % 200 % — % 0 December 31, 2022 February 18, 2021 143,400 3 40 % 100 % 200 % — % 0 December 31, 2023 February 17, 2022 121,200 3 40 % 100 % 200 % — % 0 December 31, 2024 |
Unvested Target Award | The following table summarizes the estimated unvested target share awards for the Plans as of December 31: 2022 2021 2020 Outstanding, beginning of the year 391,100 434,180 442,832 Granted 200,503 143,400 125,800 Issued (157,251) (158,531) (134,452) Forfeited — (27,949) — Outstanding, end of the year 434,352 391,100 434,180 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Revenue Recognition and Deferred Revenue [Abstract] | |
Disaggregation of Revenue [Table Text Block] | The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the year ended December 31: 2022 2021 2020 (dollars in thousands) Noninterest Income In-scope of Topic 606: Trust income $ 10,518 $ 11,111 $ 9,101 Service charges on deposit accounts 19,641 17,984 16,387 Insurance and retail brokerage commissions 8,857 8,502 7,850 Card related interchange income 27,603 27,954 23,966 Gain on sale of other loans and assets 455 753 967 Other income 4,036 4,184 3,675 Noninterest Income (in-scope of Topic 606) 71,110 70,488 61,946 Noninterest Income (out-of-scope of Topic 606) 27,598 36,269 32,530 Total Noninterest Income $ 98,708 $ 106,757 $ 94,476 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Loans to Related Parties | The following is an analysis of loans to related parties (dollars in thousands): December 31, 2021 $ 18,953 Advances 928 Repayments (900) Other 327 December 31, 2022 $ 19,308 |
Regulatory Restrictions and C_2
Regulatory Restrictions and Capital Adequacy (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] | |
Schedule of Capital Amount and Ratio Considered to be Capitalized | as set forth in the tables below: Actual Minimum Capital Required Required to be Considered Well Capital Ratio Capital Ratio Capital Ratio (dollars in thousands) As of December 31, 2022 Total Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 1,160,053 14.36 % $ 848,288 10.50 % $ 807,893 10.00 % First Commonwealth Bank 1,100,529 13.65 846,593 10.50 806,279 10.00 Tier I Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 966,072 11.96 % $ 686,709 8.50 % $ 646,314 8.00 % First Commonwealth Bank 906,548 11.24 685,337 8.50 645,023 8.00 Tier I Capital to Average Assets First Commonwealth Financial Corporation $ 966,072 10.18 % $ 379,527 4.00 % $ 474,408 5.00 % First Commonwealth Bank 906,548 9.58 378,578 4.00 473,223 5.00 Common Equity Tier I to Risk Weighted Assets First Commonwealth Financial Corporation $ 896,072 11.09 % $ 565,525 7.00 % $ 525,131 6.50 % First Commonwealth Bank 906,548 11.24 564,395 7.00 524,081 6.50 Actual Minimum Capital Required Required to be Considered Well Capital Ratio Capital Ratio Capital Ratio (dollars in thousands) As of December 31, 2021 Total Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 1,071,965 14.64 % $ 768,723 10.50 % $ 732,118 10.00 % First Commonwealth Bank 1,041,854 14.26 767,321 10.50 730,782 10.00 Tier I Capital to Risk Weighted Assets First Commonwealth Financial Corporation $ 894,670 12.22 % $ 622,300 8.50 % $ 585,694 8.00 % First Commonwealth Bank 864,559 11.83 621,165 8.50 584,626 8.00 Tier I Capital to Average Assets First Commonwealth Financial Corporation $ 894,670 9.73 % $ 367,656 4.00 % $ 459,570 5.00 % First Commonwealth Bank 864,559 9.43 366,839 4.00 458,549 5.00 Common Equity Tier I to Risk Weighted Assets First Commonwealth Financial Corporation $ 824,670 11.26 % $ 512,482 7.00 % $ 475,876 6.50 % First Commonwealth Bank 864,559 11.83 511,547 7.00 475,008 6.50 |
Condensed Financial Informati_2
Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information Disclosure [Abstract] | |
Statements of Financial Condition | Statements of Financial Condition December 31, 2022 2021 (dollars in thousands) Assets Cash $ 37,695 $ 11,649 Loans 8 9 Investment in subsidiaries 1,061,285 1,152,580 Investment in unconsolidated subsidiary trusts 2,200 2,181 Investment in jointly-owned company 394 357 Premises and equipment, net 3,098 3,244 Dividends receivable from subsidiaries 5,428 7,762 Other assets 21,345 8,212 Total assets $ 1,131,453 $ 1,185,994 Liabilities and Shareholders’ Equity Accrued expenses and other liabilities $ 7,212 $ 4,455 Subordinated debentures payable 72,167 72,167 Shareholders’ equity 1,052,074 1,109,372 Total liabilities and shareholders’ equity $ 1,131,453 $ 1,185,994 |
Statements of Operations | Statements of Income For the years ended December 31, 2022 2021 2020 (dollars in thousands) Interest and dividends $ 78 $ 4 $ 8 Dividends from subsidiaries 92,082 72,202 61,708 Interest expense (3,245) (3,205) (3,229) Other income 112 — 3 Operating expense (4,747) (4,721) (4,687) Income before taxes and equity in undistributed earnings of subsidiaries 84,280 64,280 53,803 Applicable income tax benefits 1,625 1,646 1,648 Income before equity in undistributed earnings of subsidiaries 85,905 65,926 55,451 Equity in undistributed earnings of subsidiaries 42,276 72,331 17,996 Net income $ 128,181 $ 138,257 $ 73,447 |
Statements of Cash Flow | For the years ended December 31, Statements of Cash Flow 2022 2021 2020 (dollars in thousands) Operating Activities Net income $ 128,181 $ 138,257 $ 73,447 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 335 369 383 Net gains on sales of assets (113) 228 — Decrease (increase) in prepaid income taxes — 317 (317) Undistributed equity in subsidiaries (42,276) (72,330) (17,996) Other net — (14,830) 19,705 Net cash provided by operating activities 86,127 52,011 75,222 Investing Activities Net change in loans 2 2 1 Purchases of premises and equipment (152) (101) (20) Net cash used in investing activities (150) (99) (19) Financing Activities Dividends paid (44,578) (43,611) (42,982) Proceeds from reissuance of treasury stock 245 222 222 Purchase of treasury stock (15,598) (31,301) (20,905) Net cash used in financing activities (59,931) (74,690) (63,665) Net increase (decrease) in cash 26,046 (22,778) 11,538 Cash at beginning of year 11,649 34,427 22,889 Cash at end of year $ 37,695 $ 11,649 $ 34,427 |
Statement of Accounting Polic_3
Statement of Accounting Policies - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2022 USD ($) county Segment | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Summary Of Significant Accounting Policies [Line Items] | |||
Number of counties in which entity provides services | county | 26 | ||
Business segments | Segment | 1 | ||
Equity investments | 20% | ||
Loans past due days | 90 days | ||
Excess impaired credits | $ 250,000 | ||
Software purchases and developed are capitalized and amortized on straight-line basis | 7 years | ||
Cumulative Effect Of New Accounting Principle In Period Of Adoption | $ 11,199,000 | ||
Retained Earnings [Member] | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Cumulative Effect Of New Accounting Principle In Period Of Adoption | $ 11,199,000 | ||
Guaranteed Minimum Death Benefit [Member] | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Other liabilities | $ 3,700,000 | $ 4,500,000 |
Business Combinations and Ass_2
Business Combinations and Asset Acquisitions (Details) - Subsequent Event | Jan. 31, 2023 USD ($) |
Business Combination and Asset Acquisition [Abstract] | |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 9,688,478 |
Subsequent Event [Line Items] | |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 9,688,478 |
Supplemental Comprehensive In_3
Supplemental Comprehensive Income Disclosures - Related Tax Effects Allocated to Each Component of Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Unrealized holding (losses) gains on securities arising during the period | $ (131,838) | $ (29,892) | $ 19,981 |
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax | (27,686) | (6,278) | 4,196 |
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax | (104,152) | (23,614) | 15,785 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 2 | 16 | 70 |
Less: reclassification adjustment for (gains) losses on securities included in net income, Tax (Expense) Benefit | 0 | 3 | 15 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 2 | 13 | 55 |
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, before Tax | 131,840 | 29,908 | (19,911) |
Total Unrealized (Losses) Gains on Securities, Tax (Expense) Benefit | 27,686 | 6,281 | (4,181) |
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax | 104,154 | 23,627 | (15,730) |
Unrealized holding losses on derivatives arising during the period | (31,573) | (3,356) | (4,467) |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | 6,630 | 705 | 938 |
Unrealized holding gains on derivatives arising during the period, Net of Tax Amount | (24,943) | (2,651) | (3,529) |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax | 31,573 | 3,356 | 4,467 |
Total unrealized gains on derivatives, Tax (Expense) Benefit | 6,630 | 705 | 938 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax | 76 | 76 | (537) |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax | (16) | (16) | 113 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax | 60 | (60) | 424 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax | (143) | (275) | 155 |
Net (loss) gain, Tax (Expense) Benefit | (30) | (58) | 32 |
Net gain | 113 | (217) | 123 |
Total Unrealized Gains (Losses) for Postretirement Obligations, Before Tax | 219 | 351 | (692) |
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax | 46 | 74 | (145) |
Total Unrealized Gains (Losses) for Postretirement Obligations, Net of Tax | 173 | (277) | 547 |
Total other comprehensive (loss) income, Pretax Amount | (163,194) | (32,913) | 14,752 |
Other Comprehensive Income (Loss), Tax | (34,270) | (6,912) | 3,098 |
Total other comprehensive (loss) Income | (128,924) | (26,001) | 11,654 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | (24,943) | (2,651) | (3,529) |
Post-Retirement Obligation | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax | 60 | (60) | 424 |
Net gain | (113) | ||
Total other comprehensive (loss) Income | $ 173 | $ 277 | $ (547) |
Supplemental Comprehensive In_4
Supplemental Comprehensive Income Disclosures Supplemental Comprehensive Income Disclosures (Details 2) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated Other Comprehensive Income [Line Items] | |||
Balance at beginning of period | $ (8,768) | $ 17,233 | $ 5,579 |
Other comprehensive loss before reclassification adjustment | (129,095) | (26,265) | 12,256 |
Amounts reclassified from accumulated other comprehensive income (loss) | (2) | (13) | (55) |
Net gain | 217 | (123) | |
Net other comprehensive loss during the period | (128,924) | (26,001) | 11,654 |
Balance at end of period | (137,692) | (8,768) | 17,233 |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax | (60) | 60 | (424) |
Net gain | 113 | (217) | 123 |
Securities Available for Sale | |||
Accumulated Other Comprehensive Income [Line Items] | |||
Balance at beginning of period | (3,317) | 20,310 | 4,580 |
Other comprehensive loss before reclassification adjustment | (104,152) | (23,614) | 15,785 |
Amounts reclassified from accumulated other comprehensive income (loss) | (2) | (13) | (55) |
Net other comprehensive loss during the period | (104,154) | (23,627) | 15,730 |
Balance at end of period | (107,471) | (3,317) | 20,310 |
AOCI, Derivative Qualifying as Hedge, Excluded Component, Parent [Member] | |||
Accumulated Other Comprehensive Income [Line Items] | |||
Balance at beginning of period | (5,546) | (2,895) | 634 |
Other comprehensive loss before reclassification adjustment | (24,943) | (2,651) | (3,529) |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | 0 | 0 |
Net other comprehensive loss during the period | (24,943) | (2,651) | (3,529) |
Balance at end of period | (30,489) | (5,546) | (2,895) |
Post-Retirement Obligation | |||
Accumulated Other Comprehensive Income [Line Items] | |||
Balance at beginning of period | 95 | (182) | 365 |
Net gain | 217 | (123) | |
Net other comprehensive loss during the period | 173 | 277 | (547) |
Balance at end of period | 268 | 95 | (182) |
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax | (60) | 60 | (424) |
Net gain | (113) | ||
Accumulated Other Comprehensive Income (Loss), net [Member] | |||
Accumulated Other Comprehensive Income [Line Items] | |||
Net other comprehensive loss during the period | $ (128,924) | $ (26,001) | $ 11,654 |
Supplemental Cash Flow Disclo_3
Supplemental Cash Flow Disclosures - Non-cash Investing and Financing Activities (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash paid during the year for: | |||
Interest | $ 16,396,000 | $ 15,624,000 | $ 33,964,000 |
Income taxes | 34,326,000 | 22,374,000 | 25,914,000 |
Non-cash investing and financing activities: | |||
Real Estate Owned, Transfer to Real Estate Owned | 2,852,000 | 3,163,000 | 3,865,000 |
Fair value of loans transferred from held to maturity to available for sale | 61,892,000 | 73,697,000 | 37,305,000 |
Transfer of Loans Held-for-sale to Portfolio Loans | 1,485,000 | 0 | 4,335,000 |
Gross (decrease) increase in market value adjustment to securities available for sale | (131,840,000) | (29,908,000) | 19,911,000 |
Gross decrease in market value adjustment to derivatives | (31,574,000) | (3,356,000) | (4,467,000) |
Investments Committed to Purchase, Not Yet Paid | 0 | 0 | (34,185,000) |
Increase in Commitment to Limited Partnership | 0 | 7,565,000 | 0 |
Other Significant Noncash Transaction, Consideration Received | 1,973,000 | 0 | (384,000) |
Treasury stock reissued | $ 1,947,000 | $ 2,042,000 | $ 1,594,000 |
Earnings per Share - Compositio
Earnings per Share - Composition of Weighted-Average Common Shares (Denominator) Used in Basic and Diluted Earnings Per Share (Detail) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Earnings Per Share [Abstract] | |||
Weighted Average Number of Shares, Deferred Compensation Plans | 55,734 | 55,590 | 42,751 |
Weighted average common shares issued | 113,914,902 | 113,914,902 | 113,914,902 |
Average treasury shares | (20,089,722) | (18,140,857) | (16,254,304) |
Average unearned nonvested shares | (157,403) | (134,565) | (118,261) |
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 93,612,043 | 95,583,890 | 97,499,586 |
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share | 219,584 | 200,712 | 203,836 |
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 93,887,447 | 95,840,285 | 97,758,965 |
Weighted Average Number Of Additional Shares Deferred Compensation Plan | 55,820 | 55,683 | 55,543 |
Basic Earnings Per Share (in dollars per share) | $ 1.37 | $ 1.45 | $ 0.75 |
Diluted Earnings Per Share (in dollars per share) | $ 1.37 | $ 1.44 | $ 0.75 |
Earnings per Share - Common Sto
Earnings per Share - Common Stock Equivalents Not Included in Computation of Diluted Earnings Per Share (Detail) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Restricted Stock [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities excluded from computation of earnings per share, shares | 128,860 | 99,344 | 92,499 |
Restricted Stock Units (RSUs) [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities excluded from computation of earnings per share, shares | 25,983 | 0 | 106,931 |
Minimum [Member] | Restricted Stock [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Common stock, par value (in dollars per share) | $ 12.77 | $ 12.77 | $ 13.72 |
Minimum [Member] | Restricted Stock Units (RSUs) [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Common stock, par value (in dollars per share) | 21.08 | 0 | 12.43 |
Maximum [Member] | Restricted Stock [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Common stock, par value (in dollars per share) | 16.43 | 15.96 | 15.44 |
Maximum [Member] | Restricted Stock Units (RSUs) [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Common stock, par value (in dollars per share) | $ 21.08 | $ 0 | $ 15.37 |
Cash and Due from Banks - Addit
Cash and Due from Banks - Additional Information (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Cash and Due from Banks [Abstract] | ||
Average cash balances held with the Federal Reserve Bank | $ 181.6 | $ 309.6 |
Derivatives - Additional Inform
Derivatives - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) Derivative | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Derivative [Line Items] | |||
Number of participation agreements for interest rate swaps, participant | Derivative | 35 | ||
Number of participation agreements for interest rate swaps, lead bank | Derivative | 15 | ||
Derivative, Gain (Loss) on Derivative, Net | $ 368 | $ 2,344 | $ (2,521) |
Interest Rate Swap [Member] | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | (4,800) | 600 | (400) |
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 70,000 | ||
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 570,000 | 570,000 | |
Interest Rate Swap [Member] | Interest Income [Member] | Designated as Hedging Instrument [Member] | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | (5,125) | 1,567 | 0 |
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 0 | 1,982 | |
Derivative, Gain (Loss) on Derivative, Net | 5 | 11 | 18 |
Derivative, Underlying Asset Carrying Value | 0 | 2,000 | |
Derivative Liability, Fair Value, Gross Asset | 0 | 2,000 | |
Forward Contracts [Member] | Designated as Hedging Instrument [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 16,000 | 38,000 | |
Other Income | (92) | (454) | $ 420 |
Derivative, Underlying Asset Carrying Value | 4,300 | 11,000 | |
Derivative Liability, Fair Value, Gross Asset | 4,000 | 11,900 | |
Derivative Liability, Notional Amount | 12,000 | $ 29,700 | |
Interest Rate Macro Swap | Designated as Hedging Instrument [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 500,000 | ||
Credit Derivative, Maximum Exposure, Undiscounted | 500,000 | ||
Interest Rate Macro Swap | Designated as Hedging Instrument [Member] | Three Year Original Maturity | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 75,000 | ||
Interest Rate Macro Swap | Designated as Hedging Instrument [Member] | Five Year Original Maturity | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 175,000 | ||
Interest Rate Macro Swap | Designated as Hedging Instrument [Member] | Four Year Oiriginal Maturity | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 250,000 | ||
2024 [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 30,000 | ||
2026 [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | $ 40,000 |
Derivatives - Credit Value Adju
Derivatives - Credit Value Adjustment Recorded Related to Notional Amount of Derivatives Outstanding (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Credit value adjustment | $ (27) | $ (395) |
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 816,745 | 708,759 |
Not Designated as Hedging Instrument [Member] | Interest Rate Cap [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 15,340 | 66,007 |
Not Designated as Hedging Instrument [Member] | Interest Rate Collar [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 35,354 | 35,354 |
Not Designated as Hedging Instrument [Member] | Credit Default Swap, Buying Protection [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 256,043 | 241,111 |
Not Designated as Hedging Instrument [Member] | Credit Default Swap, Selling Protection [Member] | ||
Derivative [Line Items] | ||
Derivative, Sold Protection Notional Amount | (100,741) | (95,618) |
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 12,009 | 29,691 |
Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Derivative, Fair Value, Net | (38,596) | (7,022) |
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 570,000 | 570,000 |
Designated as Hedging Instrument [Member] | Forward Contracts [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 16,000 | 38,000 |
Derivative, Fair Value, Net | 63 | (29) |
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ||
Derivative [Line Items] | ||
Derivative, Notional Amount | 0 | 1,982 |
Derivative, Fair Value, Net | $ 0 | $ 12 |
Derivatives - Schedule of Chang
Derivatives - Schedule of Change in Fair Value of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | $ 368 | $ 2,344 | $ (2,521) |
Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | (363) | 728 | (981) |
Forward Contracts [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Other Income | (92) | (454) | 420 |
Interest Rate Swap [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | (4,800) | 600 | (400) |
Interest Rate Swap [Member] | Interest Income [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | (5,125) | 1,567 | 0 |
Interest Rate Swap [Member] | Interest Expense | Designated as Hedging Instrument [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | (283) | 959 | 449 |
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | $ 5 | $ 11 | $ 18 |
Investment Securities - Analysi
Investment Securities - Analysis of Amortized Cost and Estimated Fair Values of Securities Available for Sale (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | $ 898,702 | $ 1,045,579 |
Gross Unrealized Gains | 275 | 9,515 |
Gross Unrealized Losses | (136,316) | (13,714) |
Securities available for sale | 762,661 | 1,041,380 |
US States and Political Subdivisions Debt Securities [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 9,482 | 9,538 |
Gross Unrealized Gains | 0 | 89 |
Gross Unrealized Losses | (1,295) | (103) |
Securities available for sale | 8,187 | 9,524 |
Corporate Securities [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 32,010 | 32,088 |
Gross Unrealized Gains | 179 | 973 |
Gross Unrealized Losses | (2,985) | (112) |
Securities available for sale | 29,204 | 32,949 |
Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 527,800 | |
Securities available for sale | 449,000 | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage - Backed Securities - Residential [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 527,777 | 632,687 |
Gross Unrealized Gains | 59 | 6,308 |
Gross Unrealized Losses | (78,847) | (9,021) |
Securities available for sale | 448,989 | 629,974 |
Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 1,000 | 1,000 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (118) | (19) |
Securities available for sale | 882 | 981 |
Obligations of U.S. Government [Member] | Mortgage - Backed Securities - Commercial [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 324,306 | 365,024 |
Gross Unrealized Gains | 0 | 1,725 |
Gross Unrealized Losses | (52,890) | (4,459) |
Securities available for sale | 271,416 | 362,290 |
Obligations of U.S. Government [Member] | Mortgage - Backed Securities - Residential [Member] | ||
Investment Securities [Line Items] | ||
Total debt securities, Amortized Cost | 4,127 | 5,242 |
Gross Unrealized Gains | 37 | 420 |
Gross Unrealized Losses | (181) | 0 |
Securities available for sale | $ 3,983 | $ 5,662 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) Security | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Debt Securities, Available-for-sale [Line Items] | |||
Securities available for sale | $ 1,041,380 | ||
Other investments | $ 25,200 | 11,700 | |
Provision for Other Credit Losses | 0 | 0 | $ 0 |
Equity Securities, FV-NI | $ 1,200 | ||
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | Security | 209 | ||
Equity Securities, FV-NI, Gain (Loss) | $ 0 | 0 | |
Total debt securities, Amortized Cost | 898,702 | 1,045,579 | |
Debt Securities, Available-for-Sale | 762,661 | 1,041,380 | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total debt securities, Amortized Cost | 527,800 | ||
Debt Securities, Available-for-Sale | 449,000 | ||
Held-to-maturity Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Deposit Liabilities, Collateral Issued, Financial Instruments | 368,800 | 313,900 | |
Available-for-sale Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Deposit Liabilities, Collateral Issued, Financial Instruments | 626,700 | 759,100 | |
Mortgage - Backed Securities - Residential [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total debt securities, Amortized Cost | 527,777 | 632,687 | |
Debt Securities, Available-for-Sale | 448,989 | 629,974 | |
Corporate Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total debt securities, Amortized Cost | 32,010 | 32,088 | |
Debt Securities, Available-for-Sale | 29,204 | 32,949 | |
Sales [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Gross Gains | 0 | 0 | 0 |
Calls And Maturities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Gross Gains | $ 2 | $ 16 | $ 70 |
Investment Securities - Maturit
Investment Securities - Maturity of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment Securities [Line Items] | |||
Due within 1 year, Amortized Cost | $ 5,001 | ||
Due after 1 but within 5 years, Amortized Cost | 8,881 | ||
Due after 5 but within 10 years, Amortized Cost | 28,610 | ||
Due after 10 years, Amortized Cost | 0 | ||
Debt securities gross, Amortized Cost | 42,492 | ||
Total debt securities, Amortized Cost | 898,702 | $ 1,045,579 | |
Due within 1 year, Estimated Fair Value | 4,997 | ||
Due after 1 but within 5 years, Estimated Fair Value | 8,654 | ||
Due after 5 but within 10 years, Estimated Fair Value | 24,622 | ||
Due after 10 years, Estimated Fair Value | 0 | ||
Debt securities gross, Estimated Fair Value | 38,273 | ||
Debt Securities, Available-for-Sale | 762,661 | $ 1,041,380 | |
Mortgage-Backed Securities [Member] | |||
Investment Securities [Line Items] | |||
Total debt securities, Amortized Cost | [1] | 856,210 | |
Debt Securities, Available-for-Sale | [1] | 724,388 | |
US Government Agencies Debt Securities [Member] | |||
Investment Securities [Line Items] | |||
Total debt securities, Amortized Cost | 328,400 | ||
Debt Securities, Available-for-Sale | 275,400 | ||
Obligations of U.S. Government-Sponsored Enterprises [Member] | |||
Investment Securities [Line Items] | |||
Total debt securities, Amortized Cost | 527,800 | ||
Debt Securities, Available-for-Sale | $ 449,000 | ||
[1]Mortgage Backed Securities include an amortized cost of $328.4 million and a fair value of $275.4 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $527.8 million and a fair value of $449.0 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. |
Investment Securities - Proceed
Investment Securities - Proceeds from Sale, Gross Gains (Losses) Realized on Sales, Maturities and Other-Than-Temporary Impairment Charges Related to Securities Available for Sale (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gain (Loss) on Securities [Line Items] | |||
Proceeds from sale | $ 0 | $ 0 | $ 0 |
Debt Securities, Realized Gain (Loss), Total | 2 | 16 | 70 |
Calls And Maturities [Member] | |||
Gain (Loss) on Securities [Line Items] | |||
Gross gains | 2 | 16 | 70 |
Gross Losses | 0 | 0 | 0 |
Debt Securities, Realized Gain (Loss), Total | 2 | 16 | 70 |
Sales [Member] | |||
Gain (Loss) on Securities [Line Items] | |||
Gross gains | 0 | 0 | 0 |
Gross Losses | 0 | 0 | 0 |
Debt Securities, Realized Gain (Loss), Total | $ 0 | $ 0 | $ 0 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Fair Values of Debt Securities Held to Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 461,162 | $ 541,311 |
Gross Unrealized Gains | 0 | 3,768 |
Gross Unrealized Losses | (74,957) | (8,428) |
Estimated Fair Value | 386,205 | 536,651 |
ERROR in label resolution. | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 1,000 | 1,000 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (40) | (3) |
Estimated Fair Value | 960 | 997 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 26,643 | 29,402 |
Gross Unrealized Gains | 0 | 414 |
Gross Unrealized Losses | (2,865) | (103) |
Estimated Fair Value | 23,778 | 29,713 |
Mortgage - Backed Securities - Commercial [Member] | Obligations of U.S. Government [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 75,229 | 91,439 |
Gross Unrealized Gains | 0 | 305 |
Gross Unrealized Losses | (14,196) | (1,939) |
Estimated Fair Value | 61,033 | 89,805 |
Mortgage - Backed Securities - Commercial [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 4,794 | 7,309 |
Gross Unrealized Gains | 0 | 148 |
Gross Unrealized Losses | (129) | 0 |
Estimated Fair Value | 4,665 | 7,457 |
Mortgage - Backed Securities - Residential [Member] | Obligations of U.S. Government [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 2,008 | 2,409 |
Gross Unrealized Gains | 0 | 101 |
Gross Unrealized Losses | (224) | 0 |
Estimated Fair Value | 1,784 | 2,510 |
Mortgage - Backed Securities - Residential [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 329,267 | 387,848 |
Gross Unrealized Gains | 0 | 2,800 |
Gross Unrealized Losses | (53,002) | (5,758) |
Estimated Fair Value | 276,265 | 384,890 |
Other Government - Sponsored Enterprises [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 22,221 | 21,904 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (4,501) | (625) |
Estimated Fair Value | $ 17,720 | $ 21,279 |
Investment Securities - Schedul
Investment Securities - Schedule of Debt Securities Expected Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | |
Amortized Cost | |||
Due within 1 year | $ 1,145 | ||
Due after 1 but within 5 years | 9,819 | ||
Due after 5 but within 10 years | 38,337 | ||
Due after 10 years | 563 | ||
Amortized Cost | 49,864 | ||
Debt Securities, Held-to-maturity | 461,162 | $ 541,311 | |
Estimated Fair Value | |||
Due within 1 year | 1,143 | ||
Due after 1 but within 5 years | 9,315 | ||
Due after 5 but within 10 years | 31,570 | ||
Due after 10 years | 430 | ||
Estimated Fair Value | 42,458 | ||
Debt Securities, Held-to-maturity, Fair Value | 386,205 | $ 536,651 | |
Mortgage-Backed Securities [Member] | |||
Amortized Cost | |||
Debt Securities, Held-to-maturity | [1] | 411,298 | |
Estimated Fair Value | |||
Debt Securities, Held-to-maturity, Fair Value | [1] | 343,747 | |
Mortgage-Backed Securities [Member] | US Government Agencies Debt Securities [Member] | |||
Amortized Cost | |||
Debt Securities, Held-to-maturity | 77,200 | ||
Estimated Fair Value | |||
Debt Securities, Held-to-maturity, Fair Value | 62,800 | ||
Mortgage-Backed Securities [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | |||
Amortized Cost | |||
Debt Securities, Held-to-maturity | 334,100 | ||
Estimated Fair Value | |||
Debt Securities, Held-to-maturity, Fair Value | $ 280,900 | ||
[1]Mortgage Backed Securities include an amortized cost of $77.2 million and a fair value of $62.8 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $334.1 million and a fair value of $280.9 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac. |
Investment Securities - Sched_2
Investment Securities - Schedule of Unrealized Losses and Estimated Fair Values (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | $ 376,595 | $ 1,032,863 |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (37,023) | (22,142) |
Estimated Fair Value, 12 Months or More | 763,274 | 0 |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (174,250) | 0 |
Securities Continuous Unrealized Loss Position Fair Value | 1,139,869 | 1,032,863 |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (211,273) | (22,142) |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 21,234 | 11,213 |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (1,979) | (206) |
Estimated Fair Value, 12 Months or More | 9,230 | 0 |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (2,181) | 0 |
Securities Continuous Unrealized Loss Position Fair Value | 30,464 | 11,213 |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (4,160) | (206) |
ERROR in label resolution. | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 587 | |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (13) | |
Estimated Fair Value, 12 Months or More | 373 | |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (27) | |
Securities Continuous Unrealized Loss Position Fair Value | 960 | |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (40) | |
Corporate Securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 14,406 | 19,013 |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (590) | (112) |
Estimated Fair Value, 12 Months or More | 12,632 | 0 |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (2,395) | 0 |
Securities Continuous Unrealized Loss Position Fair Value | 27,038 | 19,013 |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (2,985) | (112) |
Foreign Government Debt | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 997 | |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (3) | |
Estimated Fair Value, 12 Months or More | 0 | |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | 0 | |
Securities Continuous Unrealized Loss Position Fair Value | 997 | |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (3) | |
Mortgage - Backed Securities - Residential [Member] | Obligations of U.S. Government [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 3,734 | |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (405) | |
Estimated Fair Value, 12 Months or More | 0 | |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | 0 | |
Securities Continuous Unrealized Loss Position Fair Value | 3,734 | |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (405) | |
Mortgage - Backed Securities - Residential [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 239,760 | 658,965 |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (21,543) | (14,779) |
Estimated Fair Value, 12 Months or More | 482,195 | 0 |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (110,306) | 0 |
Securities Continuous Unrealized Loss Position Fair Value | 721,955 | 658,965 |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (131,849) | (14,779) |
Mortgage - Backed Securities - Commercial [Member] | Obligations of U.S. Government [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 92,208 | 320,414 |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (12,364) | (6,398) |
Estimated Fair Value, 12 Months or More | 240,241 | 0 |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (54,722) | 0 |
Securities Continuous Unrealized Loss Position Fair Value | 332,449 | 320,414 |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (67,086) | (6,398) |
Mortgage - Backed Securities - Commercial [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 4,666 | |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | (129) | |
Estimated Fair Value, 12 Months or More | 0 | |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | 0 | |
Securities Continuous Unrealized Loss Position Fair Value | 4,666 | |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | (129) | |
Other Government - Sponsored Enterprises [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Estimated Fair Value, Less Than 12 Months | 0 | 22,261 |
Available For Sale Securities Continuous Unrealized Income Loss Position Less Than Twelve Months Aggregate Gain Losses | 0 | (644) |
Estimated Fair Value, 12 Months or More | 18,603 | 0 |
SecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses | (4,619) | 0 |
Securities Continuous Unrealized Loss Position Fair Value | 18,603 | 22,261 |
SecuritiesContinuousUnrealizedLossPositionAggregateLosses | $ (4,619) | $ (644) |
Loans and Allowance for Credi_3
Loans and Allowance for Credit Losses - Outstanding Balances of Loan (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | $ 7,642,143 | $ 6,839,230 |
Commercial, financial, agricultural and other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 1,211,706 | 1,173,452 |
Commercial, financial, agricultural and other [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 1,023,824 | 1,159,524 |
Commercial, financial, agricultural and other [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 13,920 | 13,928 |
Commercial, financial, agricultural and other [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 79,674 | |
Commercial, financial, agricultural and other [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 94,288 | |
Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 513,101 | 494,456 |
Real Estate Construction [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 395,439 | |
Real Estate Construction [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 117,662 | |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 2,194,669 | 1,920,250 |
Residential Real Estate [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 1,547,192 | 1,299,534 |
Residential Real Estate [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 647,477 | 620,716 |
Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 2,425,012 | 2,251,097 |
Commercial real estate [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 431,151 | 385,432 |
Commercial real estate [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 1,510,347 | 1,465,247 |
Commercial real estate [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 483,514 | 400,418 |
Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 1,297,655 | 999,975 |
Loans To Individuals [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 1,210,451 | 901,280 |
Loans To Individuals [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 10,657 | 11,151 |
Loans To Individuals [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | $ 76,547 | $ 87,544 |
Loans and Allowance for Credi_4
Loans and Allowance for Credit Losses - Credit Risk Profile by Creditworthiness (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | $ 7,642,143 | $ 6,839,230 |
Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 7,509,280 | 6,641,104 |
Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 88,416 | 120,563 |
Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 44,447 | 77,563 |
Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Total Non-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 132,863 | 198,126 |
Unlikely to be Collected Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,211,706 | 1,173,452 |
Commercial, financial, agricultural and other [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 13,920 | 13,928 |
Commercial, financial, agricultural and other [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,023,824 | 1,159,524 |
Commercial, financial, agricultural and other [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 79,674 | |
Commercial, financial, agricultural and other [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 94,288 | |
Commercial, financial, agricultural and other [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,164,193 | 1,121,234 |
Commercial, financial, agricultural and other [Member] | Pass [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 13,920 | 13,928 |
Commercial, financial, agricultural and other [Member] | Pass [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 976,346 | 1,107,306 |
Commercial, financial, agricultural and other [Member] | Pass [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 79,674 | |
Commercial, financial, agricultural and other [Member] | Pass [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 94,253 | |
Commercial, financial, agricultural and other [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 35,389 | 33,765 |
Commercial, financial, agricultural and other [Member] | Special Mention [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Special Mention [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 35,389 | 33,765 |
Commercial, financial, agricultural and other [Member] | Special Mention [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Special Mention [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 12,124 | 18,453 |
Commercial, financial, agricultural and other [Member] | Substandard [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Substandard [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 12,089 | 18,453 |
Commercial, financial, agricultural and other [Member] | Substandard [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Substandard [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 35 | |
Commercial, financial, agricultural and other [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Doubtful [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Doubtful [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Doubtful [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Doubtful [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Total Non-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 47,513 | 52,218 |
Commercial, financial, agricultural and other [Member] | Total Non-Pass [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Total Non-Pass [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 47,478 | 52,218 |
Commercial, financial, agricultural and other [Member] | Total Non-Pass [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Total Non-Pass [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 35 | |
Commercial, financial, agricultural and other [Member] | Unlikely to be Collected Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Unlikely to be Collected Financing Receivable | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Unlikely to be Collected Financing Receivable | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial, financial, agricultural and other [Member] | Unlikely to be Collected Financing Receivable | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Commercial, financial, agricultural and other [Member] | Unlikely to be Collected Financing Receivable | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 513,101 | 494,456 |
Real Estate Construction [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 395,439 | |
Real Estate Construction [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 117,662 | |
Real Estate Construction [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 513,101 | 493,913 |
Real Estate Construction [Member] | Pass [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 395,439 | |
Real Estate Construction [Member] | Pass [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 117,662 | |
Real Estate Construction [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 498 |
Real Estate Construction [Member] | Special Mention [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Special Mention [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 45 |
Real Estate Construction [Member] | Substandard [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Substandard [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Real Estate Construction [Member] | Doubtful [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Doubtful [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Total Non-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 543 |
Real Estate Construction [Member] | Total Non-Pass [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Total Non-Pass [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Unlikely to be Collected Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Real Estate Construction [Member] | Unlikely to be Collected Financing Receivable | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Real Estate Construction [Member] | Unlikely to be Collected Financing Receivable | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,194,669 | 1,920,250 |
Residential Real Estate [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,547,192 | 1,299,534 |
Residential Real Estate [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 647,477 | 620,716 |
Residential Real Estate [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,187,780 | 1,913,064 |
Residential Real Estate [Member] | Pass [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,542,854 | 1,295,524 |
Residential Real Estate [Member] | Pass [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 644,926 | 617,540 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 736 | 976 |
Residential Real Estate [Member] | Special Mention [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 675 | 905 |
Residential Real Estate [Member] | Special Mention [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 61 | 71 |
Residential Real Estate [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 6,153 | 6,210 |
Residential Real Estate [Member] | Substandard [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 3,663 | 3,105 |
Residential Real Estate [Member] | Substandard [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,490 | 3,105 |
Residential Real Estate [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Residential Real Estate [Member] | Doubtful [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Residential Real Estate [Member] | Doubtful [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Residential Real Estate [Member] | Total Non-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 6,889 | 7,186 |
Residential Real Estate [Member] | Total Non-Pass [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 4,338 | 4,010 |
Residential Real Estate [Member] | Total Non-Pass [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,551 | 3,176 |
Residential Real Estate [Member] | Unlikely to be Collected Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Residential Real Estate [Member] | Unlikely to be Collected Financing Receivable | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Residential Real Estate [Member] | Unlikely to be Collected Financing Receivable | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,425,012 | 2,251,097 |
Commercial real estate [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 431,151 | 385,432 |
Commercial real estate [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,510,347 | 1,465,247 |
Commercial real estate [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 483,514 | 400,418 |
Commercial real estate [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,347,000 | 2,113,123 |
Commercial real estate [Member] | Pass [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 430,613 | 355,702 |
Commercial real estate [Member] | Pass [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,439,478 | 1,368,922 |
Commercial real estate [Member] | Pass [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 476,909 | 388,499 |
Commercial real estate [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 52,291 | 85,324 |
Commercial real estate [Member] | Special Mention [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 488 | 14,565 |
Commercial real estate [Member] | Special Mention [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 49,037 | 63,783 |
Commercial real estate [Member] | Special Mention [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 2,766 | 6,976 |
Commercial real estate [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 25,721 | 52,650 |
Commercial real estate [Member] | Substandard [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 50 | 15,165 |
Commercial real estate [Member] | Substandard [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 21,832 | 32,542 |
Commercial real estate [Member] | Substandard [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 3,839 | 4,943 |
Commercial real estate [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Doubtful [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Doubtful [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Doubtful [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Total Non-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 78,012 | 137,974 |
Commercial real estate [Member] | Total Non-Pass [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 538 | 29,730 |
Commercial real estate [Member] | Total Non-Pass [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 70,869 | 96,325 |
Commercial real estate [Member] | Total Non-Pass [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 6,605 | 11,919 |
Commercial real estate [Member] | Unlikely to be Collected Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Unlikely to be Collected Financing Receivable | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Unlikely to be Collected Financing Receivable | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Commercial real estate [Member] | Unlikely to be Collected Financing Receivable | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,297,655 | 999,975 |
Loans To Individuals [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,210,451 | 901,280 |
Loans To Individuals [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 10,657 | 11,151 |
Loans To Individuals [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 76,547 | 87,544 |
Loans To Individuals [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,297,206 | 999,770 |
Loans To Individuals [Member] | Pass [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 1,210,090 | 901,132 |
Loans To Individuals [Member] | Pass [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 10,657 | 11,151 |
Loans To Individuals [Member] | Pass [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 76,459 | 87,487 |
Loans To Individuals [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Special Mention [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Special Mention [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Special Mention [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 449 | 205 |
Loans To Individuals [Member] | Substandard [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 361 | 148 |
Loans To Individuals [Member] | Substandard [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Substandard [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 88 | 57 |
Loans To Individuals [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Doubtful [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Doubtful [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Doubtful [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Total Non-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 449 | 205 |
Loans To Individuals [Member] | Total Non-Pass [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 361 | 148 |
Loans To Individuals [Member] | Total Non-Pass [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Total Non-Pass [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 88 | 57 |
Loans To Individuals [Member] | Unlikely to be Collected Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Unlikely to be Collected Financing Receivable | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Unlikely to be Collected Financing Receivable | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 0 | 0 |
Loans To Individuals [Member] | Unlikely to be Collected Financing Receivable | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | $ 0 | $ 0 |
Loans and Allowance for Credi_5
Loans and Allowance for Credit Losses - Credit Risk by Vintage (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | $ 7,642,143 | $ 6,839,230 |
Loans and Leases Receivable, Gross | 7,642,143 | 6,839,230 |
Loans and Leases Receivable, Gross | 7,642,143 | 6,839,230 |
Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,952,670 | 1,757,022 |
Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,654,667 | 1,125,065 |
Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 919,032 | 800,238 |
Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 592,408 | 513,703 |
Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 365,940 | 413,088 |
Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,154,669 | 1,240,743 |
Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,002,757 | 989,371 |
Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,023,824 | 1,159,524 |
Time and demand loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 180,134 | 281,244 |
Time and demand loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 165,064 | 126,403 |
Time and demand loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 66,006 | 143,030 |
Time and demand loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 88,959 | 91,118 |
Time and demand loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 57,030 | 45,442 |
Time and demand loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 57,907 | 111,127 |
Time and demand loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 408,724 | 361,160 |
Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 |
Commercial credit cards | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Commercial credit cards | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Commercial credit cards | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Commercial credit cards | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Commercial credit cards | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Commercial credit cards | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Commercial credit cards | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 |
Real Estate Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 494,456 | |
Real Estate Construction | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 202,016 | |
Real Estate Construction | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 129,298 | |
Real Estate Construction | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 123,153 | |
Real Estate Construction | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 38,267 | |
Real Estate Construction | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 441 | |
Real Estate Construction | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 841 | |
Real Estate Construction | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 440 | |
Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,547,192 | 1,299,534 |
Senior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 272,136 | 376,106 |
Senior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 507,573 | 375,904 |
Senior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 337,995 | 126,788 |
Senior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 102,870 | 84,484 |
Senior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 69,890 | 74,268 |
Senior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 255,573 | 260,010 |
Senior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,155 | 1,974 |
Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 647,477 | 620,716 |
Junior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 77,016 | 56,861 |
Junior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 49,273 | 1,999 |
Junior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,499 | 3,322 |
Junior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,584 | 2,684 |
Junior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,683 | 1,009 |
Junior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,396 | 5,348 |
Junior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 511,026 | 549,493 |
Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 431,151 | 385,432 |
Multifamily | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 140,004 | 90,062 |
Multifamily | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 90,868 | 73,068 |
Multifamily | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 60,699 | 16,782 |
Multifamily | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 39,848 | 36,523 |
Multifamily | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 19,914 | 63,872 |
Multifamily | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 78,483 | 103,774 |
Multifamily | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,335 | 1,351 |
Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,510,347 | 1,465,247 |
Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 298,751 | 194,137 |
Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 153,918 | 98,840 |
Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 115,947 | 202,236 |
Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 214,068 | 173,053 |
Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 141,814 | 177,295 |
Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 581,060 | 615,943 |
Nonowner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,789 | 3,743 |
Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 483,514 | 400,418 |
Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 113,010 | 77,710 |
Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 105,513 | 62,380 |
Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 56,977 | 53,954 |
Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 44,430 | 34,115 |
Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 26,456 | 32,989 |
Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 131,432 | 134,713 |
Owner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 5,696 | 4,557 |
Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,210,451 | 901,280 |
Automobile Loan | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 613,513 | 456,730 |
Automobile Loan | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 330,298 | 252,518 |
Automobile Loan | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 172,530 | 122,943 |
Automobile Loan | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 68,996 | 48,375 |
Automobile Loan | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 20,589 | 17,230 |
Automobile Loan | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,525 | 3,484 |
Automobile Loan | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 |
Consumer Credit Cards | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Consumer Credit Cards | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 |
Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 76,547 | 87,544 |
Other consumer loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 6,561 | 22,156 |
Other consumer loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 17,177 | 4,655 |
Other consumer loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,489 | 8,030 |
Other consumer loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,798 | 5,084 |
Other consumer loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,656 | 542 |
Other consumer loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,085 | 5,503 |
Other consumer loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 40,781 | 41,574 |
Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Equipment Finance | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Equipment Finance | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Equipment Finance | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Equipment Finance | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Equipment Finance | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Equipment Finance | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Equipment Finance | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 94,288 | |
Time and Demand Loans Other | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,172 | |
Time and Demand Loans Other | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 20,281 | |
Time and Demand Loans Other | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 19,626 | |
Time and Demand Loans Other | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,823 | |
Time and Demand Loans Other | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,885 | |
Time and Demand Loans Other | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 36,197 | |
Time and Demand Loans Other | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,304 | |
Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 395,439 | |
Construction Other | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 81,870 | |
Construction Other | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 179,919 | |
Construction Other | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 85,264 | |
Construction Other | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 23,001 | |
Construction Other | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 24,005 | |
Construction Other | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,011 | |
Construction Other | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 369 | |
Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 117,662 | |
Construction Residential | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 82,829 | |
Construction Residential | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 34,783 | |
Construction Residential | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Construction Residential | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 31 | |
Construction Residential | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 18 | |
Construction Residential | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Construction Residential | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1 | |
Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 7,509,280 | 6,641,104 |
Loans and Leases Receivable, Gross | 7,509,280 | 6,641,104 |
Pass [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 976,346 | 1,107,306 |
Pass [Member] | Time and demand loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 180,134 | 280,854 |
Pass [Member] | Time and demand loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 154,542 | 125,728 |
Pass [Member] | Time and demand loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 56,592 | 128,080 |
Pass [Member] | Time and demand loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,935 | 83,204 |
Pass [Member] | Time and demand loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 56,718 | 31,472 |
Pass [Member] | Time and demand loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 56,309 | 102,399 |
Pass [Member] | Time and demand loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 392,116 | 355,569 |
Pass [Member] | Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 |
Pass [Member] | Commercial credit cards | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Commercial credit cards | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Commercial credit cards | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Commercial credit cards | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Commercial credit cards | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Commercial credit cards | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Commercial credit cards | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 |
Pass [Member] | Real Estate Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 493,913 | |
Pass [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 201,992 | |
Pass [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 128,824 | |
Pass [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 123,153 | |
Pass [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 38,267 | |
Pass [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 441 | |
Pass [Member] | Real Estate Construction | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 796 | |
Pass [Member] | Real Estate Construction | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 440 | |
Pass [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,542,854 | 1,295,524 |
Pass [Member] | Senior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 272,136 | 376,095 |
Pass [Member] | Senior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 507,042 | 375,885 |
Pass [Member] | Senior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 337,979 | 126,618 |
Pass [Member] | Senior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 102,097 | 84,079 |
Pass [Member] | Senior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 69,212 | 74,135 |
Pass [Member] | Senior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 253,310 | 256,815 |
Pass [Member] | Senior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,078 | 1,897 |
Pass [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 644,926 | 617,540 |
Pass [Member] | Junior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 77,016 | 56,861 |
Pass [Member] | Junior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 49,273 | 1,999 |
Pass [Member] | Junior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,499 | 3,246 |
Pass [Member] | Junior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,517 | 2,684 |
Pass [Member] | Junior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,683 | 1,009 |
Pass [Member] | Junior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,263 | 5,195 |
Pass [Member] | Junior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 508,675 | 546,546 |
Pass [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 430,613 | 355,702 |
Pass [Member] | Multifamily | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 140,004 | 90,062 |
Pass [Member] | Multifamily | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 90,868 | 73,068 |
Pass [Member] | Multifamily | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 60,699 | 16,782 |
Pass [Member] | Multifamily | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 39,848 | 21,846 |
Pass [Member] | Multifamily | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 19,914 | 49,832 |
Pass [Member] | Multifamily | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 77,945 | 102,761 |
Pass [Member] | Multifamily | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,335 | 1,351 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,439,478 | 1,368,922 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 298,751 | 194,137 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 153,918 | 98,840 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 115,947 | 202,236 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 212,588 | 155,293 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 113,638 | 152,174 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 541,007 | 563,743 |
Pass [Member] | Nonowner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,629 | 2,499 |
Pass [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 476,909 | 388,499 |
Pass [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 113,010 | 77,710 |
Pass [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 105,309 | 59,973 |
Pass [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 55,468 | 51,513 |
Pass [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 43,014 | 33,623 |
Pass [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 26,294 | 31,644 |
Pass [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 128,230 | 129,593 |
Pass [Member] | Owner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 5,584 | 4,443 |
Pass [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,210,090 | 901,132 |
Pass [Member] | Automobile Loan | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 613,513 | 456,730 |
Pass [Member] | Automobile Loan | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 330,252 | 252,518 |
Pass [Member] | Automobile Loan | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 172,435 | 122,867 |
Pass [Member] | Automobile Loan | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 68,865 | 48,361 |
Pass [Member] | Automobile Loan | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 20,524 | 17,224 |
Pass [Member] | Automobile Loan | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,501 | 3,432 |
Pass [Member] | Automobile Loan | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 |
Pass [Member] | Consumer Credit Cards | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Pass [Member] | Consumer Credit Cards | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 |
Pass [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 76,459 | 87,487 |
Pass [Member] | Other consumer loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 6,561 | 22,156 |
Pass [Member] | Other consumer loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 17,177 | 4,655 |
Pass [Member] | Other consumer loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,489 | 8,030 |
Pass [Member] | Other consumer loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,775 | 5,084 |
Pass [Member] | Other consumer loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,652 | 542 |
Pass [Member] | Other consumer loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,085 | 5,460 |
Pass [Member] | Other consumer loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 40,720 | 41,560 |
Pass [Member] | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Pass [Member] | Equipment Finance | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Pass [Member] | Equipment Finance | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Equipment Finance | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Equipment Finance | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Equipment Finance | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Equipment Finance | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Equipment Finance | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 94,253 | |
Pass [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,172 | |
Pass [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 20,281 | |
Pass [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 19,626 | |
Pass [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,823 | |
Pass [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,885 | |
Pass [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 36,162 | |
Pass [Member] | Time and Demand Loans Other | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,304 | |
Pass [Member] | Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 395,439 | |
Pass [Member] | Construction Other | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 81,870 | |
Pass [Member] | Construction Other | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 179,919 | |
Pass [Member] | Construction Other | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 85,264 | |
Pass [Member] | Construction Other | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 23,001 | |
Pass [Member] | Construction Other | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 24,005 | |
Pass [Member] | Construction Other | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,011 | |
Pass [Member] | Construction Other | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 369 | |
Pass [Member] | Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 117,662 | |
Pass [Member] | Construction Residential | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 82,829 | |
Pass [Member] | Construction Residential | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 34,783 | |
Pass [Member] | Construction Residential | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Construction Residential | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 31 | |
Pass [Member] | Construction Residential | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 18 | |
Pass [Member] | Construction Residential | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Pass [Member] | Construction Residential | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1 | |
Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 88,416 | 120,563 |
Loans and Leases Receivable, Gross | 88,416 | 120,563 |
Special Mention [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 35,389 | 33,765 |
Special Mention [Member] | Time and demand loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 390 |
Special Mention [Member] | Time and demand loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,489 | 596 |
Special Mention [Member] | Time and demand loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 8,387 | 1,125 |
Special Mention [Member] | Time and demand loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,846 | 7,780 |
Special Mention [Member] | Time and demand loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 250 | 13,945 |
Special Mention [Member] | Time and demand loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 895 | 7,126 |
Special Mention [Member] | Time and demand loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,522 | 2,803 |
Special Mention [Member] | Real Estate Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 498 | |
Special Mention [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 24 | |
Special Mention [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 474 | |
Special Mention [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Special Mention [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Special Mention [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Special Mention [Member] | Real Estate Construction | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Special Mention [Member] | Real Estate Construction | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Special Mention [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 675 | 905 |
Special Mention [Member] | Senior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Senior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 164 | 0 |
Special Mention [Member] | Senior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Senior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 133 | 67 |
Special Mention [Member] | Senior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 51 | 0 |
Special Mention [Member] | Senior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 250 | 761 |
Special Mention [Member] | Senior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 77 | 77 |
Special Mention [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 61 | 71 |
Special Mention [Member] | Junior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Junior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Junior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Junior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Junior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Junior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 51 | 61 |
Special Mention [Member] | Junior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10 | 10 |
Special Mention [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 488 | 14,565 |
Special Mention [Member] | Multifamily | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Multifamily | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Multifamily | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Multifamily | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Multifamily | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 14,040 |
Special Mention [Member] | Multifamily | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 488 | 525 |
Special Mention [Member] | Multifamily | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 49,037 | 63,783 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,480 | 3,723 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 20,349 | 19,235 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 26,207 | 39,737 |
Special Mention [Member] | Nonowner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,001 | 1,088 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,766 | 6,976 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 182 | 2,194 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 745 | 1,220 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 791 | 492 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 92 | 1,321 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 923 | 1,716 |
Special Mention [Member] | Owner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 33 | 33 |
Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross | 44,447 | 77,563 |
Loans and Leases Receivable, Gross | 44,447 | 77,563 |
Substandard [Member] | Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 12,089 | 18,453 |
Substandard [Member] | Time and demand loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Time and demand loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 33 | 79 |
Substandard [Member] | Time and demand loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,027 | 13,825 |
Substandard [Member] | Time and demand loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,178 | 134 |
Substandard [Member] | Time and demand loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 62 | 25 |
Substandard [Member] | Time and demand loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 703 | 1,602 |
Substandard [Member] | Time and demand loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,086 | 2,788 |
Substandard [Member] | Real Estate Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 45 | |
Substandard [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Real Estate Construction | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Real Estate Construction | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 45 | |
Substandard [Member] | Real Estate Construction | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,663 | 3,105 |
Substandard [Member] | Senior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 11 |
Substandard [Member] | Senior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 367 | 19 |
Substandard [Member] | Senior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 16 | 170 |
Substandard [Member] | Senior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 640 | 338 |
Substandard [Member] | Senior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 627 | 133 |
Substandard [Member] | Senior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,013 | 2,434 |
Substandard [Member] | Senior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,490 | 3,105 |
Substandard [Member] | Junior Lien | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Junior Lien | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Junior Lien | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 76 |
Substandard [Member] | Junior Lien | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 67 | 0 |
Substandard [Member] | Junior Lien | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Junior Lien | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 82 | 92 |
Substandard [Member] | Junior Lien | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,341 | 2,937 |
Substandard [Member] | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 50 | 15,165 |
Substandard [Member] | Multifamily | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Multifamily | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Multifamily | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Multifamily | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 14,677 |
Substandard [Member] | Multifamily | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Multifamily | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 50 | 488 |
Substandard [Member] | Multifamily | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 21,832 | 32,542 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 14,037 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,827 | 5,886 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,846 | 12,463 |
Substandard [Member] | Nonowner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 159 | 156 |
Substandard [Member] | Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,839 | 4,943 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 22 | 213 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 764 | 1,221 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 625 | 0 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 70 | 24 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,279 | 3,404 |
Substandard [Member] | Owner Occupied Commercial Real Estate | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79 | 81 |
Substandard [Member] | Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 361 | 148 |
Substandard [Member] | Automobile Loan | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Automobile Loan | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 46 | 0 |
Substandard [Member] | Automobile Loan | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 95 | 76 |
Substandard [Member] | Automobile Loan | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 131 | 14 |
Substandard [Member] | Automobile Loan | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 65 | 6 |
Substandard [Member] | Automobile Loan | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 24 | 52 |
Substandard [Member] | Automobile Loan | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 88 | 57 |
Substandard [Member] | Other consumer loans | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Other consumer loans | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Other consumer loans | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Substandard [Member] | Other consumer loans | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 23 | 0 |
Substandard [Member] | Other consumer loans | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4 | 0 |
Substandard [Member] | Other consumer loans | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 43 |
Substandard [Member] | Other consumer loans | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 61 | $ 14 |
Substandard [Member] | Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 35 | |
Substandard [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2020 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2019 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2018 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2017 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated in 2016 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Substandard [Member] | Time and Demand Loans Other | Term Loan Receivable, Originated Prior | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 35 | |
Substandard [Member] | Time and Demand Loans Other | Revolving Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | $ 0 |
Loans and Allowance for Credi_6
Loans and Allowance for Credit Losses - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) Contract | Dec. 31, 2021 USD ($) Contract | Dec. 31, 2020 USD ($) Contract | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non Accrual Status Of Loans After Number Of Days Past Due | 90 days | ||
Loans Receivable Held-for-sale, Amount | $ 11,869 | $ 18,583 | |
Provision for credit losses | 17,521 | (377) | $ 53,472 |
Charge-offs | 9,845 | 13,058 | $ 19,250 |
Recorded Investment | $ 35,487 | $ 55,180 | |
Number of loans modified | Contract | 5 | 30 | 41 |
Total amount of loan modified | $ 676 | $ 1,690 | $ 13,969 |
Total gains or losses included in earnings | 0 | ||
Loans with modification to rate and payment due to amortization | $ 10 | 400 | 800 |
Minimum days required for conversion of trouble debt to be in default | 90 days | ||
Unearned Deferred (Fees) Costs on Loans | $ 5,900 | 800 | |
Unearned Premiums | (5,400) | (6,000) | |
Loans | 7,642,143 | 6,839,230 | |
Loans and Leases Receivable, Gross | $ 7,642,143 | 6,839,230 | |
Forecasted Value, National Unemployment, Percent | 3.68% | ||
Weighted Average [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Forecasted Value, National Unemployment, Percent | 4.68% | ||
Maximum [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Forecasted Value, National Unemployment, Percent | 5.01% | ||
Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unfunded commitments related to nonperforming loans | $ 200 | 200 | |
Loans To Individuals [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non Accrual Status Of Loans After Number Of Days Past Due | 150 days | ||
Nonaccrual Commercial Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Receivable Held-for-sale, Amount | $ 0 | 0 | |
Gain (loss) on sale of impaired loans | 0 | 400 | $ 0 |
SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity [Member] | Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Off-Balance-Sheet, Credit Loss, Liability | 0 | 0 | |
Commercial Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | 1,211,706 | 1,173,452 | |
Loans and Leases Receivable, Gross | 1,211,706 | 1,173,452 | |
Commercial Loan [Member] | Payroll Protection Program Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans | $ 4,300 | $ 71,300 |
Loans and Allowance for Credi_7
Loans and Allowance for Credit Losses - Age Analysis of Past Due Loans by Segment (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | $ 7,642,143 | $ 6,839,230 |
Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,297,655 | 999,975 |
Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,211,706 | 1,173,452 |
Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 513,101 | 494,456 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,194,669 | 1,920,250 |
Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,425,012 | 2,251,097 |
Time and demand loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,023,824 | 1,159,524 |
Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,023,824 | 1,159,524 |
Commercial credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 |
Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 |
Senior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,547,192 | 1,299,534 |
Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,547,192 | 1,299,534 |
Junior Lien | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 647,477 | 620,716 |
Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 647,477 | 620,716 |
Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 431,151 | 385,432 |
Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 431,151 | 385,432 |
Nonowner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,510,347 | 1,465,247 |
Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,510,347 | 1,465,247 |
Owner Occupied Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 483,514 | 400,418 |
Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 483,514 | 400,418 |
Automobile Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,210,451 | 901,280 |
Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,210,451 | 901,280 |
Consumer Credit Cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 |
Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 |
Other consumer loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 76,547 | 87,544 |
Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 76,547 | 87,544 |
Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Time and Demand Loans Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 94,288 | |
Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 94,288 | |
Construction Residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 117,662 | |
Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 117,662 | |
Construction Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 395,439 | |
Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 395,439 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 15,896 | 6,450 |
Financial Asset, 30 to 59 Days Past Due [Member] | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,268 | 1,611 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,233 | 633 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 502 | 813 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,023 | 3,393 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,870 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,121 | 605 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 27 | 28 |
Financial Asset, 30 to 59 Days Past Due [Member] | Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,547 | 1,934 |
Financial Asset, 30 to 59 Days Past Due [Member] | Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,476 | 1,459 |
Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 202 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,547 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 121 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,694 | 1,228 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 53 | 36 |
Financial Asset, 30 to 59 Days Past Due [Member] | Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 521 | 347 |
Financial Asset, 30 to 59 Days Past Due [Member] | Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 85 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 502 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,053 | 2,461 |
Financial Asset, 60 to 89 Days Past Due [Member] | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 571 | 417 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 279 | 987 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,178 | 983 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 25 | 74 |
Financial Asset, 60 to 89 Days Past Due [Member] | Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 270 | 972 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 9 | 15 |
Financial Asset, 60 to 89 Days Past Due [Member] | Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 771 | 354 |
Financial Asset, 60 to 89 Days Past Due [Member] | Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 407 | 629 |
Financial Asset, 60 to 89 Days Past Due [Member] | Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 25 | 74 |
Financial Asset, 60 to 89 Days Past Due [Member] | Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 368 | 175 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 29 | 44 |
Financial Asset, 60 to 89 Days Past Due [Member] | Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 174 | 198 |
Financial Asset, 60 to 89 Days Past Due [Member] | Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,991 | 1,606 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 732 | 785 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 355 | 155 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 448 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 811 | 218 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 93 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 352 | 144 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 11 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 214 | 51 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 597 | 167 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 92 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 295 | 199 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 5 | 63 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 432 | 523 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Nonaccrual Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 29,045 | 48,060 |
Nonaccrual Commercial Loans [Member] | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 449 | 206 |
Nonaccrual Commercial Loans [Member] | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,374 | 2,006 |
Nonaccrual Commercial Loans [Member] | Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 45 |
Nonaccrual Commercial Loans [Member] | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 5,683 | 5,608 |
Nonaccrual Commercial Loans [Member] | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 20,539 | 40,195 |
Nonaccrual Commercial Loans [Member] | Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,374 | 2,006 |
Nonaccrual Commercial Loans [Member] | Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Nonaccrual Commercial Loans [Member] | Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,369 | 2,706 |
Nonaccrual Commercial Loans [Member] | Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,314 | 2,902 |
Nonaccrual Commercial Loans [Member] | Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 15,097 |
Nonaccrual Commercial Loans [Member] | Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 19,575 | 23,930 |
Nonaccrual Commercial Loans [Member] | Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 964 | 1,168 |
Nonaccrual Commercial Loans [Member] | Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 361 | 148 |
Nonaccrual Commercial Loans [Member] | Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | 0 |
Nonaccrual Commercial Loans [Member] | Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 88 | 58 |
Nonaccrual Commercial Loans [Member] | Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Nonaccrual Commercial Loans [Member] | Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Nonaccrual Commercial Loans [Member] | Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Nonaccrual Commercial Loans [Member] | Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, Past Due | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 48,985 | 58,577 |
Financial Asset, Past Due | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 5,020 | 3,019 |
Financial Asset, Past Due | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,241 | 3,781 |
Financial Asset, Past Due | Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 502 | 1,306 |
Financial Asset, Past Due | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,695 | 10,202 |
Financial Asset, Past Due | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 28,527 | 40,269 |
Financial Asset, Past Due | Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,117 | 3,727 |
Financial Asset, Past Due | Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 36 | 54 |
Financial Asset, Past Due | Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 5,901 | 5,045 |
Financial Asset, Past Due | Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 4,794 | 5,157 |
Financial Asset, Past Due | Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 202 | 15,097 |
Financial Asset, Past Due | Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 27,214 | 23,930 |
Financial Asset, Past Due | Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,111 | 1,242 |
Financial Asset, Past Due | Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 3,718 | 1,750 |
Financial Asset, Past Due | Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 87 | 143 |
Financial Asset, Past Due | Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,215 | 1,126 |
Financial Asset, Past Due | Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, Past Due | Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 88 | |
Financial Asset, Past Due | Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 502 | |
Financial Asset, Past Due | Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 0 | |
Financial Asset, Not Past Due | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 7,593,158 | 6,780,653 |
Financial Asset, Not Past Due | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,292,635 | 996,956 |
Financial Asset, Not Past Due | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,207,465 | 1,169,671 |
Financial Asset, Not Past Due | Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 512,599 | 493,150 |
Financial Asset, Not Past Due | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,183,974 | 1,910,048 |
Financial Asset, Not Past Due | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 2,396,485 | 2,210,828 |
Financial Asset, Not Past Due | Time and demand loans | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,019,707 | 1,155,797 |
Financial Asset, Not Past Due | Commercial credit cards | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 13,884 | 13,874 |
Financial Asset, Not Past Due | Senior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,541,291 | 1,294,489 |
Financial Asset, Not Past Due | Junior Lien | Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 642,683 | 615,559 |
Financial Asset, Not Past Due | Multifamily | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 430,949 | 370,335 |
Financial Asset, Not Past Due | Nonowner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,483,133 | 1,441,317 |
Financial Asset, Not Past Due | Owner Occupied Commercial Real Estate | Commercial real estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 482,403 | 399,176 |
Financial Asset, Not Past Due | Automobile Loan | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 1,206,733 | 899,530 |
Financial Asset, Not Past Due | Consumer Credit Cards | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 10,570 | 11,008 |
Financial Asset, Not Past Due | Other consumer loans | Loans To Individuals [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 75,332 | $ 86,418 |
Financial Asset, Not Past Due | Equipment Finance | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 79,674 | |
Financial Asset, Not Past Due | Time and Demand Loans Other | Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 94,200 | |
Financial Asset, Not Past Due | Construction Residential | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | 117,160 | |
Financial Asset, Not Past Due | Construction Other | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing receivable, before allowance for credit loss | $ 395,439 |
Loans and Allowance for Credi_8
Loans and Allowance for Credit Losses - Recorded Investment and Unpaid Principal Balance for Impaired Loans with Associated Allowance (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | $ 35,487 | $ 55,180 | |
Unpaid Principal Balance | 46,433 | 64,720 | |
Related Allowance | 711 | 395 | |
Average Recorded Investment | 36,490 | 47,071 | $ 50,728 |
Interest Income Recognized | 594 | 898 | 639 |
Commercial Financial Agricultural And Other With No Related Allowance [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 3,141 | 3,720 | |
Unpaid Principal Balance | 9,555 | 10,303 | |
Average Recorded Investment | 3,751 | 9,240 | 6,371 |
Interest Income Recognized | 157 | 389 | 80 |
Commercial Financial Agricultural And Other With No Related Allowance [Member] | Time and demand loans | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 3,141 | 3,720 | |
Unpaid Principal Balance | 9,555 | 10,303 | |
Average Recorded Investment | 3,751 | 9,240 | 6,371 |
Interest Income Recognized | 157 | 389 | 80 |
Commercial Financial Agricultural And Other With No Related Allowance [Member] | Equipment Finance | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Commercial Financial Agricultural And Other With No Related Allowance [Member] | Time and Demand Loans Other | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Real Estate Construction With No Related Allowance [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 45 | |
Unpaid Principal Balance | 0 | 53 | |
Average Recorded Investment | 0 | 53 | 146 |
Interest Income Recognized | 0 | 0 | 14 |
Real Estate Construction With No Related Allowance [Member] | Construction Other | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Real Estate Construction With No Related Allowance [Member] | Construction Residential | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Residential real estate with no related allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 9,145 | 9,365 | |
Unpaid Principal Balance | 11,010 | 11,294 | |
Average Recorded Investment | 9,040 | 10,315 | 11,913 |
Interest Income Recognized | 241 | 375 | 335 |
Residential real estate with no related allowance recorded [Member] | Senior Lien | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 5,754 | 5,200 | |
Unpaid Principal Balance | 6,848 | 6,337 | |
Average Recorded Investment | 5,280 | 5,674 | 6,605 |
Interest Income Recognized | 172 | 279 | 241 |
Residential real estate with no related allowance recorded [Member] | Junior Lien | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 3,391 | 4,165 | |
Unpaid Principal Balance | 4,162 | 4,957 | |
Average Recorded Investment | 3,760 | 4,641 | 5,308 |
Interest Income Recognized | 69 | 96 | 94 |
Commercial Real Estate With No Related Allowance [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 21,505 | 40,591 | |
Unpaid Principal Balance | 24,119 | 41,525 | |
Average Recorded Investment | 22,983 | 26,235 | 22,287 |
Interest Income Recognized | 172 | 119 | 184 |
Commercial Real Estate With No Related Allowance [Member] | Multifamily | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 14,677 | |
Unpaid Principal Balance | 0 | 14,677 | |
Average Recorded Investment | 172 | 1,223 | 1 |
Interest Income Recognized | 43 | 0 | 0 |
Commercial Real Estate With No Related Allowance [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 20,155 | 24,581 | |
Unpaid Principal Balance | 22,565 | 25,310 | |
Average Recorded Investment | 21,304 | 22,668 | 18,536 |
Interest Income Recognized | 104 | 28 | 82 |
Commercial Real Estate With No Related Allowance [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,350 | 1,333 | |
Unpaid Principal Balance | 1,554 | 1,538 | |
Average Recorded Investment | 1,507 | 2,344 | 3,750 |
Interest Income Recognized | 25 | 91 | 102 |
Loans To Individuals With No Related Allowance [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 528 | 446 | |
Unpaid Principal Balance | 563 | 485 | |
Average Recorded Investment | 455 | 479 | 470 |
Interest Income Recognized | 16 | 15 | 13 |
Loans To Individuals With No Related Allowance [Member] | Automobiles | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 440 | 388 | |
Unpaid Principal Balance | 475 | 422 | |
Average Recorded Investment | 378 | 425 | 447 |
Interest Income Recognized | 16 | 15 | 13 |
Loans To Individuals With No Related Allowance [Member] | Other consumer loans | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 88 | 58 | |
Unpaid Principal Balance | 88 | 63 | |
Average Recorded Investment | 77 | 54 | 23 |
Interest Income Recognized | 0 | 0 | 0 |
Subtotal with no related allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 34,319 | 54,167 | |
Unpaid Principal Balance | 45,247 | 63,660 | |
Average Recorded Investment | 36,229 | 46,322 | 41,187 |
Interest Income Recognized | 586 | 898 | 626 |
Commercial, financial, agricultural and other With an allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,168 | 327 | |
Unpaid Principal Balance | 1,186 | 349 | |
Related Allowance | 711 | 307 | |
Average Recorded Investment | 261 | 84 | 1,544 |
Interest Income Recognized | 8 | 0 | 3 |
Commercial, financial, agricultural and other With an allowance recorded [Member] | Time and demand loans | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,168 | 327 | |
Unpaid Principal Balance | 1,186 | 349 | |
Related Allowance | 711 | 307 | |
Average Recorded Investment | 261 | 84 | 1,544 |
Interest Income Recognized | 8 | 0 | 3 |
Commercial, financial, agricultural and other With an allowance recorded [Member] | Equipment Finance | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Related Allowance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Commercial, financial, agricultural and other With an allowance recorded [Member] | Time and Demand Loans Other | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Related Allowance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Real estate construction with an allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Real estate construction with an allowance recorded [Member] | Construction Other | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Related Allowance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Real estate construction with an allowance recorded [Member] | Construction Residential | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | ||
Unpaid Principal Balance | 0 | ||
Related Allowance | 0 | ||
Average Recorded Investment | 0 | ||
Interest Income Recognized | 0 | ||
Residential real estate With an allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Residential real estate With an allowance recorded [Member] | Senior Lien | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Residential real estate With an allowance recorded [Member] | Junior Lien | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Commercial real estate With an allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 686 | |
Unpaid Principal Balance | 0 | 711 | |
Related Allowance | 0 | 88 | |
Average Recorded Investment | 0 | 665 | 7,997 |
Interest Income Recognized | 0 | 0 | 10 |
Commercial real estate With an allowance recorded [Member] | Multifamily | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 421 | |
Unpaid Principal Balance | 0 | 446 | |
Related Allowance | 0 | 88 | |
Average Recorded Investment | 0 | 444 | 395 |
Interest Income Recognized | 0 | 0 | 0 |
Commercial real estate With an allowance recorded [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 7,363 |
Interest Income Recognized | 0 | 0 | 0 |
Commercial real estate With an allowance recorded [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 265 | |
Unpaid Principal Balance | 0 | 265 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 221 | 239 |
Interest Income Recognized | 0 | 0 | 10 |
Loans to individuals With an allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Loans to individuals With an allowance recorded [Member] | Automobiles | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Loans to individuals With an allowance recorded [Member] | Other consumer loans | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Subtotal With an allowance recorded [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,168 | 1,013 | |
Unpaid Principal Balance | 1,186 | 1,060 | |
Related Allowance | 711 | 395 | |
Average Recorded Investment | 261 | 749 | 9,541 |
Interest Income Recognized | $ 8 | $ 0 | $ 13 |
Loans and Allowance for Credi_9
Loans and Allowance for Credit Losses - Troubled Debt Restructured Loans and Commitments (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loans and Leases Receivable Disclosure [Abstract] | |||
Accrual status | $ 6,442 | $ 7,120 | $ 8,512 |
Nonaccrual status | 8,852 | 13,134 | 14,740 |
Total | 15,294 | 20,254 | 23,252 |
Letters of Credit Outstanding, Amount | 60 | 60 | 60 |
Unused lines of credit | 23 | 16 | 11 |
Commitments Net | $ 83 | $ 76 | $ 71 |
Loans and Allowance for Cred_10
Loans and Allowance for Credit Losses - Troubled Debt Restructurings Identified During Period (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) Contract | Dec. 31, 2021 USD ($) Contract | Dec. 31, 2020 USD ($) Contract | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 5 | 30 | 41 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 693 | $ 9,370 | $ 14,874 |
Financing Receivable, Troubled Debt Restructuring | 676 | 1,690 | 13,969 |
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | 0 | 636 |
Contractual Payment Modification [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 683 | 8,901 | 14,098 |
Contractual Interest Rate Reduction [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 10 | 469 | 776 |
Extended Maturity [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 | $ 0 |
Commercial Loan [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 6 | 4 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 7,893 | $ 2,805 | |
Financing Receivable, Troubled Debt Restructuring | 288 | 2,196 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | $ 0 | $ 636 | |
Commercial Loan [Member] | Time and demand loans | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 6 | 4 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 7,893 | $ 2,805 | |
Financing Receivable, Troubled Debt Restructuring | 288 | 2,196 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | 636 | |
Commercial Loan [Member] | Contractual Payment Modification [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 7,893 | 2,176 | |
Commercial Loan [Member] | Contractual Payment Modification [Member] | Time and demand loans | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 7,893 | 2,176 | |
Commercial Loan [Member] | Contractual Interest Rate Reduction [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 629 | |
Commercial Loan [Member] | Contractual Interest Rate Reduction [Member] | Time and demand loans | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 629 | |
Commercial Loan [Member] | Extended Maturity [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | |
Commercial Loan [Member] | Extended Maturity [Member] | Time and demand loans | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 | |
Residential Real Estate [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 5 | 15 | 18 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 693 | $ 660 | $ 950 |
Financing Receivable, Troubled Debt Restructuring | 676 | 624 | 791 |
Financing Receivable Troubled Debt Restructuring Specific Reserve | $ 0 | $ 0 | $ 0 |
Residential Real Estate [Member] | Senior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 5 | 12 | 9 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 693 | $ 530 | $ 546 |
Financing Receivable, Troubled Debt Restructuring | 676 | 502 | 411 |
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | $ 0 | $ 0 |
Residential Real Estate [Member] | Junior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 3 | 9 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 130 | $ 404 | |
Financing Receivable, Troubled Debt Restructuring | 122 | 380 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | 0 | |
Residential Real Estate [Member] | Contractual Payment Modification [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 683 | 301 | 917 |
Residential Real Estate [Member] | Contractual Payment Modification [Member] | Senior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 683 | 171 | 513 |
Residential Real Estate [Member] | Contractual Payment Modification [Member] | Junior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 130 | 404 | |
Residential Real Estate [Member] | Contractual Interest Rate Reduction [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 10 | 359 | 33 |
Residential Real Estate [Member] | Contractual Interest Rate Reduction [Member] | Senior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 10 | 359 | 33 |
Residential Real Estate [Member] | Contractual Interest Rate Reduction [Member] | Junior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | |
Residential Real Estate [Member] | Extended Maturity [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | 0 |
Residential Real Estate [Member] | Extended Maturity [Member] | Senior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | 0 | 0 |
Residential Real Estate [Member] | Extended Maturity [Member] | Junior Lien | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 | |
Commercial Real Estate [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 2 | 5 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 644 | $ 10,857 | |
Financing Receivable, Troubled Debt Restructuring | 634 | 10,758 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | $ 0 | $ 0 | |
Commercial Real Estate [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 2 | 4 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 644 | $ 10,289 | |
Financing Receivable, Troubled Debt Restructuring | 634 | 10,263 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | $ 0 | |
Commercial Real Estate [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 1 | ||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 568 | ||
Financing Receivable, Troubled Debt Restructuring | 495 | ||
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | ||
Commercial Real Estate [Member] | Contractual Payment Modification [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 644 | 10,857 | |
Commercial Real Estate [Member] | Contractual Payment Modification [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 644 | 10,289 | |
Commercial Real Estate [Member] | Contractual Payment Modification [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 568 | ||
Commercial Real Estate [Member] | Contractual Interest Rate Reduction [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | |
Commercial Real Estate [Member] | Contractual Interest Rate Reduction [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | |
Commercial Real Estate [Member] | Contractual Interest Rate Reduction [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | ||
Commercial Real Estate [Member] | Extended Maturity [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | |
Commercial Real Estate [Member] | Extended Maturity [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | 0 | |
Commercial Real Estate [Member] | Extended Maturity [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | ||
Loans To Individuals [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 7 | 14 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 173 | $ 262 | |
Financing Receivable, Troubled Debt Restructuring | 144 | 224 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | $ 0 | $ 0 | |
Loans To Individuals [Member] | Automobiles | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | Contract | 7 | 14 | |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 173 | $ 262 | |
Financing Receivable, Troubled Debt Restructuring | 144 | 224 | |
Financing Receivable Troubled Debt Restructuring Specific Reserve | 0 | 0 | |
Loans To Individuals [Member] | Contractual Payment Modification [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 63 | 148 | |
Loans To Individuals [Member] | Contractual Payment Modification [Member] | Automobiles | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 63 | 148 | |
Loans To Individuals [Member] | Contractual Interest Rate Reduction [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 110 | 114 | |
Loans To Individuals [Member] | Contractual Interest Rate Reduction [Member] | Automobiles | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 110 | 114 | |
Loans To Individuals [Member] | Extended Maturity [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | 0 | 0 | |
Loans To Individuals [Member] | Extended Maturity [Member] | Automobiles | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 0 |
Loans and Allowance for Cred_11
Loans and Allowance for Credit Losses - Restructured Loans that are Considered to be in Default (Details) | 12 Months Ended | ||
Dec. 31, 2022 USD ($) Contract | Dec. 31, 2021 USD ($) Contract | Dec. 31, 2020 USD ($) Contract | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 2 | 3 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 244,000 | $ 108,000 |
Residential Real Estate [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 0 | $ 34,000 |
Loans To Individuals [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 1 | 2 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 21,000 | $ 74,000 |
Commercial Loan [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 1 | 0 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 223,000 | $ 0 |
Automobiles | Loans To Individuals [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 1 | 2 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 21,000 | $ 74,000 |
Time and demand loans | Commercial Loan [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 1 | 0 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 223,000 | $ 0 |
Junior Lien | Residential Real Estate [Member] | |||
Financing Receivable, Troubled Debt Restructuring [Line Items] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | Contract | 0 | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 0 | $ 34,000 |
Loans and Allowance for Cred_12
Loans and Allowance for Credit Losses - Allowance for Credit Losses (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | $ 92,522 | $ 101,309 | $ 51,637 |
Ending Balance | 102,906 | 92,522 | 101,309 |
Ending balance: individually evaluated for impaired | 711 | 395 | 4,906 |
Ending balance: collectively evaluated for impaired | 102,195 | 92,127 | 96,403 |
Financing receivable, before allowance for credit loss | 7,642,143 | 6,839,230 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | (9,845) | (13,058) | (19,250) |
Recoveries | 2,708 | 4,648 | 2,057 |
Provision for credit losses | 17,521 | (377) | 53,472 |
Loans | 7,642,143 | 6,839,230 | |
Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 24,214 | 43,531 | 41,463 |
Ending balance: collectively evaluated for impaired | 7,617,929 | 6,795,699 | 6,719,720 |
Financing receivable, before allowance for credit loss | 7,642,143 | 6,839,230 | 6,761,183 |
Time and demand loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 1,023,824 | 1,159,524 | |
Commercial credit cards | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 13,920 | 13,928 | |
Senior Lien | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 1,547,192 | 1,299,534 | |
Junior Lien | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 647,477 | 620,716 | |
Multifamily | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 431,151 | 385,432 | |
Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 1,510,347 | 1,465,247 | |
Owner Occupied Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 483,514 | 400,418 | |
Consumer Credit Cards | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 10,657 | 11,151 | |
Other consumer loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 76,547 | 87,544 | |
Equipment Finance | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 79,674 | ||
Time and Demand Loans Other | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 94,288 | ||
Construction Other | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 395,439 | ||
Construction Residential | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Financing receivable, before allowance for credit loss | 117,662 | ||
Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 13,393 | ||
Ending Balance | 13,393 | ||
Commercial, financial, agricultural and other [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 18,093 | 17,187 | 20,234 |
Ending Balance | 22,650 | 18,093 | 17,187 |
Ending balance: individually evaluated for impaired | 711 | 307 | 1,268 |
Ending balance: collectively evaluated for impaired | 21,939 | 17,786 | 15,919 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (2,361) | (7,020) | (6,318) |
Recoveries | 394 | 2,430 | 314 |
Provision for credit losses | 6,524 | 5,496 | 1,479 |
Commercial, financial, agricultural and other [Member] | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 3,330 | 3,032 | 5,411 |
Ending balance: collectively evaluated for impaired | 1,208,376 | 1,170,420 | 1,550,575 |
Financing receivable, before allowance for credit loss | 1,211,706 | 1,173,452 | 1,555,986 |
Commercial, financial, agricultural and other [Member] | Time and demand loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 15,283 | 16,838 | 0 |
Ending Balance | 20,040 | 15,283 | 16,838 |
Ending balance: individually evaluated for impaired | 711 | 307 | 1,268 |
Ending balance: collectively evaluated for impaired | 19,329 | 17,539 | 15,570 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (710) | (6,845) | (6,220) |
Recoveries | 202 | 2,412 | 301 |
Provision for credit losses | 5,265 | 5,441 | 1,515 |
Commercial, financial, agricultural and other [Member] | Time and demand loans | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 3,330 | 3,032 | 5,411 |
Ending balance: collectively evaluated for impaired | 1,020,494 | 1,156,492 | 1,535,971 |
Financing receivable, before allowance for credit loss | 1,023,824 | 1,159,524 | 1,541,382 |
Commercial, financial, agricultural and other [Member] | Commercial credit cards | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 247 | 349 | 0 |
Ending Balance | 335 | 247 | 349 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 335 | 247 | 349 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (217) | (175) | (98) |
Recoveries | 71 | 18 | 13 |
Provision for credit losses | 234 | 55 | (36) |
Commercial, financial, agricultural and other [Member] | Commercial credit cards | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 13,920 | 13,928 | 14,604 |
Financing receivable, before allowance for credit loss | 13,920 | 13,928 | 14,604 |
Commercial, financial, agricultural and other [Member] | Equipment Finance | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 0 | ||
Ending Balance | 1,086 | 0 | |
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 1,086 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Recoveries | 0 | ||
Provision for credit losses | 1,086 | ||
Commercial, financial, agricultural and other [Member] | Equipment Finance | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 79,674 | ||
Financing receivable, before allowance for credit loss | 79,674 | ||
Commercial, financial, agricultural and other [Member] | Time and Demand Loans Other | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 2,563 | ||
Ending Balance | 1,189 | 2,563 | |
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 1,189 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | (1,434) | ||
Recoveries | 121 | ||
Provision for credit losses | (61) | ||
Commercial, financial, agricultural and other [Member] | Time and Demand Loans Other | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 94,288 | ||
Financing receivable, before allowance for credit loss | 94,288 | ||
Commercial, financial, agricultural and other [Member] | Time and demand loans Predisagreggation | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 17,846 | ||
Ending Balance | 17,846 | ||
Commercial, financial, agricultural and other [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 1,478 | ||
Ending Balance | 1,478 | ||
Commercial, financial, agricultural and other [Member] | Cumulative Effect, Period of Adoption, Adjustment | Time and demand loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 21,242 | ||
Ending Balance | 21,242 | ||
Commercial, financial, agricultural and other [Member] | Cumulative Effect, Period of Adoption, Adjustment | Commercial credit cards | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 470 | ||
Ending Balance | 470 | ||
Real Estate Construction [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 4,220 | 7,966 | 2,558 |
Ending Balance | 8,822 | 4,220 | 7,966 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 8,822 | 4,220 | 7,966 |
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | (9) | 0 |
Recoveries | 9 | 155 | 26 |
Provision for credit losses | 4,593 | (3,892) | 4,820 |
Real Estate Construction [Member] | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 513,101 | 494,456 | 427,221 |
Financing receivable, before allowance for credit loss | 513,101 | 494,456 | 427,221 |
Real Estate Construction [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 562 | ||
Ending Balance | 562 | ||
Commercial real estate [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 33,376 | 41,953 | 19,768 |
Ending Balance | 28,804 | 33,376 | 41,953 |
Ending balance: individually evaluated for impaired | 0 | 88 | 3,638 |
Ending balance: collectively evaluated for impaired | 28,804 | 33,288 | 38,315 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (2,487) | (1,659) | (4,939) |
Recoveries | 769 | 135 | 312 |
Provision for credit losses | (2,854) | (7,053) | 27,019 |
Commercial real estate [Member] | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 20,583 | 40,246 | 34,947 |
Ending balance: collectively evaluated for impaired | 2,404,429 | 2,210,851 | 2,176,622 |
Financing receivable, before allowance for credit loss | 2,425,012 | 2,251,097 | 2,211,569 |
Commercial real estate [Member] | Multifamily | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 3,561 | 6,240 | 0 |
Ending Balance | 4,726 | 3,561 | 6,240 |
Ending balance: individually evaluated for impaired | 0 | 88 | 116 |
Ending balance: collectively evaluated for impaired | 4,726 | 3,473 | 6,124 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (411) | (1) | 0 |
Recoveries | 411 | 0 | 0 |
Provision for credit losses | 1,165 | (2,678) | 4,593 |
Commercial real estate [Member] | Multifamily | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 15,097 | 459 |
Ending balance: collectively evaluated for impaired | 431,151 | 370,335 | 370,780 |
Financing receivable, before allowance for credit loss | 431,151 | 385,432 | 371,239 |
Commercial real estate [Member] | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 24,838 | 28,414 | 0 |
Ending Balance | 16,426 | 24,838 | 28,414 |
Ending balance: individually evaluated for impaired | 0 | 0 | 3,508 |
Ending balance: collectively evaluated for impaired | 16,426 | 24,838 | 24,906 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (1,836) | (1,556) | (4,678) |
Recoveries | 342 | 125 | 187 |
Provision for credit losses | (6,918) | (2,145) | 20,588 |
Commercial real estate [Member] | Nonowner Occupied Commercial Real Estate | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 19,918 | 24,205 | 31,450 |
Ending balance: collectively evaluated for impaired | 1,490,429 | 1,441,042 | 1,389,701 |
Financing receivable, before allowance for credit loss | 1,510,347 | 1,465,247 | 1,421,151 |
Commercial real estate [Member] | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 4,977 | 7,299 | 0 |
Ending Balance | 7,652 | 4,977 | 7,299 |
Ending balance: individually evaluated for impaired | 0 | 0 | 14 |
Ending balance: collectively evaluated for impaired | 7,652 | 4,977 | 7,285 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (240) | (102) | (261) |
Recoveries | 16 | 10 | 125 |
Provision for credit losses | 2,899 | (2,230) | 1,838 |
Commercial real estate [Member] | Owner Occupied Commercial Real Estate | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 665 | 944 | 3,038 |
Ending balance: collectively evaluated for impaired | 482,849 | 399,474 | 416,141 |
Financing receivable, before allowance for credit loss | 483,514 | 400,418 | 419,179 |
Commercial real estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | (207) | ||
Ending Balance | (207) | ||
Commercial real estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | Multifamily | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 1,647 | ||
Ending Balance | 1,647 | ||
Commercial real estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | Nonowner Occupied Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 12,317 | ||
Ending Balance | 12,317 | ||
Commercial real estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | Owner Occupied Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 5,597 | ||
Ending Balance | 5,597 | ||
Loans To Individuals [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 24,208 | 19,845 | 4,984 |
Ending Balance | 21,218 | 24,208 | 19,845 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 21,218 | 24,208 | 19,845 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (4,658) | (4,061) | (6,953) |
Recoveries | 1,349 | 1,460 | 991 |
Provision for credit losses | 319 | 6,964 | 16,539 |
Loans To Individuals [Member] | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 1,297,655 | 999,975 | 815,815 |
Financing receivable, before allowance for credit loss | 1,297,655 | 999,975 | 815,815 |
Loans To Individuals [Member] | Automobiles | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 21,392 | 16,133 | 0 |
Ending Balance | 18,819 | 21,392 | 16,133 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 18,819 | 21,392 | 16,133 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (2,639) | (1,792) | (3,954) |
Recoveries | 787 | 1,016 | 745 |
Provision for credit losses | (721) | 6,035 | 13,236 |
Loans To Individuals [Member] | Automobiles | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 1,210,451 | 901,280 | 712,800 |
Financing receivable, before allowance for credit loss | 1,210,451 | 901,280 | 712,800 |
Loans To Individuals [Member] | Consumer Credit Cards | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 496 | 635 | 0 |
Ending Balance | 412 | 496 | 635 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 412 | 496 | 635 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (486) | (425) | (595) |
Recoveries | 75 | 71 | 36 |
Provision for credit losses | 327 | 215 | 973 |
Loans To Individuals [Member] | Consumer Credit Cards | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 10,657 | 11,151 | 12,360 |
Financing receivable, before allowance for credit loss | 10,657 | 11,151 | 12,360 |
Loans To Individuals [Member] | Other consumer loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 2,320 | 3,077 | 0 |
Ending Balance | 1,987 | 2,320 | 3,077 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 1,987 | 2,320 | 3,077 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (1,533) | (1,844) | (2,404) |
Recoveries | 487 | 373 | 210 |
Provision for credit losses | 713 | 714 | 2,330 |
Loans To Individuals [Member] | Other consumer loans | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 76,547 | 87,544 | 90,655 |
Financing receivable, before allowance for credit loss | 76,547 | 87,544 | 90,655 |
Loans To Individuals [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 4,284 | ||
Ending Balance | 4,284 | ||
Loans To Individuals [Member] | Cumulative Effect, Period of Adoption, Adjustment | Automobiles | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 6,106 | ||
Ending Balance | 6,106 | ||
Loans To Individuals [Member] | Cumulative Effect, Period of Adoption, Adjustment | Consumer Credit Cards | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 221 | ||
Ending Balance | 221 | ||
Loans To Individuals [Member] | Cumulative Effect, Period of Adoption, Adjustment | Other consumer loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 2,941 | ||
Ending Balance | 2,941 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 12,625 | 14,358 | 4,093 |
Ending Balance | 21,412 | 12,625 | 14,358 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 21,412 | 12,625 | 14,358 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (339) | (309) | (1,040) |
Recoveries | 187 | 468 | 414 |
Provision for credit losses | 8,939 | (1,892) | 3,615 |
Residential Real Estate [Member] | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 301 | 253 | 1,105 |
Ending balance: collectively evaluated for impaired | 2,194,368 | 1,919,997 | 1,749,487 |
Financing receivable, before allowance for credit loss | 2,194,669 | 1,920,250 | 1,750,592 |
Residential Real Estate [Member] | Senior Lien | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 7,459 | 7,919 | 0 |
Ending Balance | 14,822 | 7,459 | 7,919 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 14,822 | 7,459 | 7,919 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (163) | (60) | (550) |
Recoveries | 130 | 337 | 296 |
Provision for credit losses | 7,396 | (737) | 847 |
Residential Real Estate [Member] | Senior Lien | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 301 | 0 | 528 |
Ending balance: collectively evaluated for impaired | 1,546,891 | 1,299,534 | 1,143,795 |
Financing receivable, before allowance for credit loss | 1,547,192 | 1,299,534 | 1,144,323 |
Residential Real Estate [Member] | Junior Lien | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 5,166 | 6,439 | 0 |
Ending Balance | 6,590 | 5,166 | 6,439 |
Ending balance: individually evaluated for impaired | 0 | 0 | 0 |
Ending balance: collectively evaluated for impaired | 6,590 | 5,166 | 6,439 |
Financing Receivable, Allowance for Credit Loss, Writeoff | (176) | (249) | (490) |
Recoveries | 57 | 131 | 118 |
Provision for credit losses | 1,543 | (1,155) | 2,768 |
Residential Real Estate [Member] | Junior Lien | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | 253 | 577 |
Ending balance: collectively evaluated for impaired | 647,477 | 620,463 | 605,692 |
Financing receivable, before allowance for credit loss | 647,477 | 620,716 | 606,269 |
Residential Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 7,276 | ||
Ending Balance | 7,276 | ||
Residential Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | Senior Lien | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 7,326 | ||
Ending Balance | 7,326 | ||
Residential Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment | Junior Lien | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 4,043 | ||
Ending Balance | $ 4,043 | ||
Construction | Construction Other | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 3,278 | ||
Ending Balance | 6,360 | 3,278 | |
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 6,360 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Recoveries | 9 | ||
Provision for credit losses | 3,073 | ||
Construction | Construction Other | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 395,439 | ||
Financing receivable, before allowance for credit loss | 395,439 | ||
Construction | Construction Residential | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 942 | ||
Ending Balance | 2,462 | $ 942 | |
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 2,462 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Recoveries | 0 | ||
Provision for credit losses | 1,520 | ||
Construction | Construction Residential | Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Ending balance: individually evaluated for impaired | 0 | ||
Ending balance: collectively evaluated for impaired | 117,662 | ||
Financing receivable, before allowance for credit loss | $ 117,662 |
Commitments and Letters of Cr_3
Commitments and Letters of Credit - Notional Amount of Commitments and Letter of Credit Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loss Contingencies [Line Items] | |||
Commitments Net | $ 83 | $ 76 | $ 71 |
Commitments to extend credit | |||
Loss Contingencies [Line Items] | |||
Financial instrument of credit risk | 2,356,539 | 2,353,991 | |
Financial standby letters of credit | |||
Loss Contingencies [Line Items] | |||
Financial instrument of credit risk | 18,417 | 18,824 | |
Performance standby letters of credit | |||
Loss Contingencies [Line Items] | |||
Financial instrument of credit risk | 12,853 | 10,663 | |
Commercial letters of credit | |||
Loss Contingencies [Line Items] | |||
Financial instrument of credit risk | $ 573 | $ 975 |
Commitments and Letters of Cr_4
Commitments and Letters of Credit - Additional Information (Detail) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Loss Contingencies [Line Items] | ||
Notional amount of financial standby letters of credit | $ 1,300,000 | |
Notional amount of performance standby letters of credit | 4,900,000 | |
Notional amount of commercial letters of credit | 0 | |
Financial instrument of credit risk | 100,000 | $ 100,000 |
Unused commitments and letters of credit [Member] | ||
Loss Contingencies [Line Items] | ||
Commitment liability | $ 10,000,000 | $ 6,400,000 |
Premises and Equipment - Schedu
Premises and Equipment - Schedule of Premises and Equipment (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 294,919 | $ 291,104 |
Less accumulated depreciation and amortization | 179,813 | 170,329 |
Total premises and equipment | 115,106 | 120,775 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | 13,860 | 14,621 |
Buildings and improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 70,844 | 75,149 |
Buildings and improvements [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 10 years | |
Buildings and improvements [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 50 years | |
Property Subject to Operating Lease [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 51,499 | 47,938 |
Property Subject to Operating Lease [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 1 year | |
Property Subject to Operating Lease [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 25 years | |
Leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 37,398 | 35,909 |
Leasehold improvements [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 5 years | |
Leasehold improvements [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 40 years | |
Furniture and equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 76,879 | 73,976 |
Furniture and equipment [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 3 years | |
Furniture and equipment [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 7 years | |
Software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property plant and equipment, gross | $ 44,439 | $ 43,511 |
Software [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 3 years | |
Software [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated Useful Life | 7 years |
Premises and Equipment - Additi
Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | |||
Operating Lease, Right-of-Use Asset | $ 40,747 | $ 40,550 | |
Operating Lease, Liability | 45,149 | 44,801 | |
Premises and equipment, available-for-sale | 1,900 | ||
Assets Held-for-sale, Not Part of Disposal Group, Other | 0 | ||
Operating Lease, Expense | 4,700 | 4,500 | $ 6,700 |
Premises and Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation included in noninterest expense | 9,100 | 9,900 | 10,900 |
Property Subject to Operating Lease [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Depreciation included in noninterest expense | $ 3,400 | $ 1,400 | $ 2,600 |
Premises and Equipment Operatin
Premises and Equipment Operating Lease Table (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Lease Expense and Cash Flows [Abstract] | ||
Operating Lease, Right-of-Use Asset | $ 40,747 | $ 40,550 |
Operating Lease, Liability | 45,149 | 44,801 |
Operating Lease, Cost | $ 4,990 | $ 4,806 |
Operating Lease, Weighted Average Remaining Lease Term | 13 years 11 months 12 days | 14 years 1 month 9 days |
Operating Lease, Weighted Average Discount Rate, Percent | 3.29% | 3.24% |
Operating Leases, Rent Expense, Contingent Rentals | $ 4,838 | $ 4,753 |
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Other liabilities | Other liabilities |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets | Other assets |
Premises and Equipment Schedule
Premises and Equipment Schedule of Lease Maturities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Leases [Abstract] | ||
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 4,952 | |
Operating Leases, Future Minimum Payments, Due in Two Years | 4,807 | |
Operating Leases, Future Minimum Payments, Due in Four Years | 4,201 | |
Operating Leases, Future Minimum Payments, Due in Five Years | 3,956 | |
Operating Leases, Future Minimum Payments, Due Thereafter | 35,244 | |
Operating Leases, Future Minimum Payments Due | 57,753 | |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | 12,604 | |
Operating Lease, Liability | 45,149 | $ 44,801 |
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three | $ 4,593 |
Goodwill and Other Amortizing_3
Goodwill and Other Amortizing Intangible Assets - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Goodwill And Other Intangibles [Line Items] | |||
Goodwill | $ 303,328,000 | $ 303,328,000 | |
Impairment charges on goodwill | 0 | 0 | $ 0 |
Servicing Asset | 3,000,000 | 2,500,000 | |
Total amortization | 18,671,000 | 16,169,000 | |
Intangible amortization | 3,196,000 | 3,497,000 | 3,689,000 |
Servicing Asset at Amortized Cost, Amortization | $ 700,000 | 600,000 | |
Customer deposit intangibles | |||
Goodwill And Other Intangibles [Line Items] | |||
Core deposits remaining amortization period | 6 years 8 months 12 days | ||
Core deposits weighted average amortization period | 5 years 3 months 18 days | ||
Total amortization | $ 16,750,000 | 14,407,000 | |
Customer list intangible | |||
Goodwill And Other Intangibles [Line Items] | |||
Core deposits remaining amortization period | 6 years 8 months 12 days | ||
Core deposits weighted average amortization period | 4 years 10 months 24 days | ||
Total amortization | $ 1,921,000 | 1,762,000 | |
Customer-Related Intangible Assets [Member] | |||
Goodwill And Other Intangibles [Line Items] | |||
Intangible amortization | $ 2,500,000 | $ 2,900,000 | $ 3,400,000 |
Goodwill and Other Amortizing_4
Goodwill and Other Amortizing Intangible Assets - Summarized Other Intangible Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Intangible Assets | $ 24,856 | $ 24,856 |
Accumulated Amortization | (18,671) | (16,169) |
Net Intangible Assets | 6,185 | 8,687 |
Customer deposit intangibles | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Intangible Assets | 22,573 | 22,573 |
Accumulated Amortization | (16,750) | (14,407) |
Net Intangible Assets | 5,823 | 8,166 |
Customer list intangible | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Intangible Assets | 2,283 | 2,283 |
Accumulated Amortization | (1,921) | (1,762) |
Net Intangible Assets | $ 362 | $ 521 |
Goodwill and Other Amortizing_5
Goodwill and Other Amortizing Intangible Assets - Estimated Amortization Expense of Core Deposit Intangibles (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Goodwill And Other Intangibles [Line Items] | ||
2016 | $ 2,060 | |
2017 | 1,619 | |
2018 | 1,181 | |
2019 | 744 | |
2020 | 327 | |
Thereafter | 254 | |
Net Intangible Assets | 6,185 | $ 8,687 |
Customer list intangible | ||
Goodwill And Other Intangibles [Line Items] | ||
2016 | 128 | |
2017 | 97 | |
2018 | 69 | |
2019 | 42 | |
2020 | 15 | |
Thereafter | 11 | |
Net Intangible Assets | 362 | 521 |
Customer deposit intangibles | ||
Goodwill And Other Intangibles [Line Items] | ||
2016 | 1,932 | |
2017 | 1,522 | |
2018 | 1,112 | |
2019 | 702 | |
2020 | 312 | |
Thereafter | 243 | |
Net Intangible Assets | $ 5,823 | $ 8,166 |
Interest-Bearing Deposits - Com
Interest-Bearing Deposits - Components of Interest-Bearing Deposits (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Deposits [Abstract] | ||
Interest-bearing demand deposits | $ 357,769 | $ 291,476 |
Savings deposits | 4,572,183 | 4,647,197 |
Time deposits | 405,009 | 385,043 |
Total interest-bearing deposits | $ 5,334,961 | $ 5,323,716 |
Interest-Bearing Deposits - Add
Interest-Bearing Deposits - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deposits [Abstract] | |||
Interest-bearing demand deposit, money market | $ 1,400 | ||
Certificates of deposit in denominations of $100 thousand or more | 65.5 | $ 51.7 | |
Interest expense related to certificates of deposit $100 thousand or greater | 0.2 | 0.4 | $ 2 |
Deposit Liabilities Reclassified as Loans Receivable | $ 0.7 | $ 0.6 |
Interest-Bearing Deposits - Sch
Interest-Bearing Deposits - Scheduled Maturities of Time Deposits (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Deposits [Abstract] | ||
2017 | $ 230,244 | |
2018 | 83,065 | |
2019 | 64,757 | |
2020 | 18,708 | |
2021 and thereafter | 8,235 | |
Total | $ 405,009 | $ 385,043 |
Short-term Borrowings - Summary
Short-term Borrowings - Summary of Short-Term Borrowings (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Short-term Debt [Line Items] | |||
Ending Balance | $ 372,694 | $ 138,315 | $ 117,373 |
Average Balance | $ 144,834 | $ 119,801 | $ 142,634 |
Average Rate | 1.38% | 0.08% | 0.49% |
Federal funds purchased | |||
Short-term Debt [Line Items] | |||
Ending Balance | $ 0 | $ 0 | $ 0 |
Average Balance | $ 1,553 | $ 0 | $ 4,147 |
Average Rate | 3.93% | 0% | 1.06% |
Borrowings from FHLB | |||
Short-term Debt [Line Items] | |||
Ending Balance | $ 285,000 | $ 0 | $ 0 |
Average Balance | $ 41,529 | $ 0 | $ 28,252 |
Average Rate | 4.24% | 0% | 1.54% |
Securities sold under agreements to repurchase | |||
Short-term Debt [Line Items] | |||
Ending Balance | $ 87,694 | $ 138,315 | $ 117,373 |
Average Balance | $ 101,752 | $ 119,801 | $ 110,235 |
Average Rate | 0.18% | 0.08% | 0.21% |
Maximum [Member] | |||
Short-term Debt [Line Items] | |||
Ending Balance | $ 372,694 | $ 138,315 | $ 248,471 |
Weighted Average [Member] | |||
Short-term Debt [Line Items] | |||
Average Rate | 3.56% | 0.06% | 0.10% |
Short-term Borrowings - Interes
Short-term Borrowings - Interest Expense on Short-Term Borrowings (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest On Short Term Borrowings [Line Items] | |||
Total interest on short-term borrowings | $ 1,999 | $ 99 | $ 704 |
Federal funds purchased | |||
Interest On Short Term Borrowings [Line Items] | |||
Total interest on short-term borrowings | 61 | 0 | 44 |
Borrowings from FHLB | |||
Interest On Short Term Borrowings [Line Items] | |||
Total interest on short-term borrowings | 1,759 | 0 | 434 |
Securities sold under agreements to repurchase | |||
Interest On Short Term Borrowings [Line Items] | |||
Total interest on short-term borrowings | $ 179 | $ 99 | $ 226 |
Subordinated Debentures - Subor
Subordinated Debentures - Subordinated Debentures Outstanding (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | May 21, 2018 | |
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Amount | $ 170,937 | $ 170,937 | $ 170,937 | $ 170,775 | |
First Commonwealth Bank due 2028 [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Due | Jun. 01, 2028 | ||||
Subordinated Debentures outstanding, Amount | $ 49,499 | 49,499 | 49,499 | 49,407 | |
First Commonwealth Bank due 2033 [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Due | Jun. 01, 2033 | ||||
Subordinated Debentures outstanding, Amount | $ 49,271 | 49,271 | 49,271 | 49,201 | |
First Commonwealth Capital Trust II [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Due | Jan. 23, 2034 | ||||
Subordinated Debentures outstanding, Amount | $ 30,929 | 30,929 | 30,929 | 30,929 | |
First Commonwealth Capital Trust III [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Due | Apr. 06, 2034 | ||||
Subordinated Debentures outstanding, Amount | $ 41,238 | $ 41,238 | $ 41,238 | $ 41,238 | |
First Commonwealth Bank 2028 [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Amount | $ 50,000 | ||||
First Commonwealth Bank 2033 [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Subordinated Debentures outstanding, Amount | $ 50,000 | ||||
Subordinated Debt [Member] | LIBOR [Member] | First Commonwealth Capital Trust II [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Variable interest rate | 2.85% | 2.85% | 2.85% | ||
Subordinated Debt [Member] | LIBOR [Member] | First Commonwealth Capital Trust III [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Variable interest rate | 2.85% | 2.85% | 2.85% | ||
Subordinated Debt [Member] | LIBOR [Member] | First Commonwealth Bank 2028 [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Variable interest rate | 1.845% | 1.845% | 1.845% | ||
Debt Instrument, Interest Rate During Period | 4.875% | 4.875% | |||
Subordinated Debt [Member] | LIBOR [Member] | First Commonwealth Bank 2033 [Member] | |||||
Subordinated Borrowing [Line Items] | |||||
Variable interest rate | 2.37% | 2.37% | 2.37% | ||
Debt Instrument, Interest Rate During Period | 5.50% | 5.50% |
Subordinated Debentures - Addit
Subordinated Debentures - Additional Information (Detail) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 USD ($) trust Rate | Dec. 31, 2022 USD ($) trust | Dec. 31, 2021 USD ($) Rate | May 21, 2018 USD ($) | |
Subordinated Borrowing [Line Items] | ||||
Subordinated Debentures outstanding, Amount | $ 170,937 | $ 170,937 | $ 170,775 | |
Number of trusts | trust | 2 | 2 | ||
First Commonwealth Bank 2028 [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Subordinated Debentures outstanding, Amount | $ 50,000 | |||
Deferred finance costs | $ 900 | $ 900 | ||
First Commonwealth Bank 2033 [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Subordinated Debentures outstanding, Amount | $ 50,000 | |||
Deferred finance costs | 1,100 | 1,100 | ||
First Commonwealth Capital Trust III [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Subordinated Debentures outstanding, Amount | 41,238 | $ 41,238 | 41,238 | |
Redemption price as percentage of principal amount | 100% | |||
Deferred finance costs | 600 | $ 600 | ||
First Commonwealth Capital Trust II [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Subordinated Debentures outstanding, Amount | 30,929 | $ 30,929 | $ 30,929 | |
Redemption price as percentage of principal amount | 100% | |||
Deferred finance costs | $ 500 | $ 500 | ||
LIBOR [Member] | Subordinated Debt [Member] | First Commonwealth Bank 2028 [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Debt Instrument, Interest Rate During Period | Rate | 4.875% | 4.875% | ||
Variable interest rate | 1.845% | 1.845% | 1.845% | |
LIBOR [Member] | Subordinated Debt [Member] | First Commonwealth Bank 2033 [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Debt Instrument, Interest Rate During Period | Rate | 5.50% | 5.50% | ||
Variable interest rate | 2.37% | 2.37% | 2.37% | |
LIBOR [Member] | Subordinated Debt [Member] | First Commonwealth Capital Trust III [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Variable interest rate | 2.85% | 2.85% | 2.85% | |
LIBOR [Member] | Subordinated Debt [Member] | First Commonwealth Capital Trust II [Member] | ||||
Subordinated Borrowing [Line Items] | ||||
Variable interest rate | 2.85% | 2.85% | 2.85% |
Other Long-term Debt (Detail)
Other Long-term Debt (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt Instrument [Line Items] | ||
Long-term debt | $ 4,862 | $ 5,573 |
Borrowings from FHLB [Member] | ||
Debt Instrument [Line Items] | ||
2015 | $ 740 | $ 712 |
2015, Weighted Average Contractual Rate | 3.86% | 3.85% |
2016 | $ 769 | $ 739 |
2016, Weighted Average Contractual Rate | 3.86% | 3.86% |
2017 | $ 799 | $ 769 |
2017, Weighted Average Contractual Rate | 3.86% | 3.86% |
2018 | $ 830 | $ 799 |
2018, Weighted Average Contractual Rate | 3.87% | 3.86% |
2019 | $ 863 | $ 830 |
2019, Weighted Average Contractual Rate | 3.87% | 3.87% |
Thereafter | $ 861 | $ 1,724 |
Thereafter, Weighted Average Contractual Rate | 3.49% | 3.68% |
Fair Values of Assets and Lia_3
Fair Values of Assets and Liabilities - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Random sample percentage of securities for each quarter | 100% | ||
Total gains or losses included in earnings | $ 0 | ||
Interest rate swaps transferred into Level 3 from Level 2 | $ 0 | 0 | |
Corporate securities transferred from Level 3 to Level 2 | 0 | 0 | |
Impaired loans considered to be credit risk of non-collection | 250,000 | ||
Updated appraisal requirement floor | 250,000 | ||
Other real estate owned | 534,000 | 642,000 | |
Financial instrument of credit risk | 100,000 | 100,000 | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings On Assets Held At Year End | 0 | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Between Levels 1 And 2 | 0 | 0 | |
Provision for credit losses | 17,521,000 | (377,000) | $ 53,472,000 |
Securities available for sale | 1,041,380,000 | ||
Other Assets [Member] | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Total gains or losses included in earnings | 0 | 0 | |
Interest rate swaps transferred into Level 3 from Level 2 | 0 | ||
Corporate securities transferred from Level 3 to Level 2 | $ 0 | $ 0 |
Fair Values of Assets and Lia_4
Fair Values of Assets and Liabilities - Quantitative Inputs and Assumptions Used in Level 3 Fair Value Measurements (Detail) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | $ 869,373,000 | $ 1,114,587,000 |
Other Assets, Fair Value Disclosure | 68,429,000 | 41,786,000 |
Other investments | 26,414,000 | 12,838,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | 850,512,000 | 1,098,436,000 |
Other Assets, Fair Value Disclosure | 50,738,000 | 26,805,000 |
Other investments | 25,244,000 | 11,668,000 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | 18,861,000 | 16,151,000 |
Other Assets, Fair Value Disclosure | $ 17,691,000 | $ 14,981,000 |
Other Assets [Member] | Par Value [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Measurements, Valuation Processes, Description | Par Value | Par Value |
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Other investments | $ 1,170,000 | $ 1,170,000 |
Equity Securities [Member] | Par Value [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Measurements, Valuation Processes, Description | Carrying Value | Carrying Value |
Impaired Loans [Member] | Reserve [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | $ 363,000 | $ 598,000 |
Fair Value Measurements, Valuation Processes, Description | Gas Reserve Study | Gas Reserve study |
Impaired Loans [Member] | Discount Rates [Member] | Reserve [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Measurements, Valuation Processes, Description | Discount rate | Discount rate |
Impaired Loans [Member] | Gas Per Million Cubic Feet [Member] | Reserve [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Measurements, Valuation Processes, Description | Gas per MMBTU | Gas per MMBTU |
Impaired Loans [Member] | Oil Per Barrels Per Day [Member] | Reserve [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Measurements, Valuation Processes, Description | Oil per BBL/d | Oil per BBL/d |
Fair Value, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | $ 35,329,000 | $ 55,514,000 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | 23,693,000 | 43,267,000 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Assets, Fair Value Disclosure | 11,636,000 | 12,247,000 |
Minimum [Member] | Impaired Loans [Member] | Reserve [Member] | Gas Per Million Cubic Feet [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Weighted Average Inputs Price | 3 | 2 |
Minimum [Member] | Impaired Loans [Member] | Reserve [Member] | Oil Per Barrels Per Day [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Weighted Average Inputs Price | $ 80 | $ 50 |
Weighted Average [Member] | Impaired Loans [Member] | Reserve [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Input, Discount Rate | 10% | 10% |
Maximum [Member] | Impaired Loans [Member] | Reserve [Member] | Gas Per Million Cubic Feet [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Weighted Average Inputs Price | $ 3 | $ 2 |
Maximum [Member] | Impaired Loans [Member] | Reserve [Member] | Oil Per Barrels Per Day [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value Weighted Average Inputs Price | $ 80 | $ 50 |
Fair Values of Assets and Lia_5
Fair Values of Assets and Liabilities - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | $ 1,041,380 | |
Other investments | $ 25,200 | 11,700 |
Other Investments | 26,414 | 12,838 |
Loans Held for Sale | 11,869 | 18,583 |
Other Assets | 68,429 | 41,786 |
Total Assets | (869,373) | (1,114,587) |
Other Liabilities | 89,298 | 34,263 |
Total Liabilities | 89,298 | 34,263 |
Debt Securities, Available-for-Sale | 762,661 | 1,041,380 |
US Government Agencies Debt Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Debt Securities, Available-for-Sale | 275,400 | |
US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 5,662 | |
Debt Securities, Available-for-Sale | 3,983 | |
US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 362,290 | |
Debt Securities, Available-for-Sale | 271,416 | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Debt Securities, Available-for-Sale | 449,000 | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 629,974 | |
Debt Securities, Available-for-Sale | 448,989 | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 981 | |
Debt Securities, Available-for-Sale | 882 | |
Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 9,524 | |
Debt Securities, Available-for-Sale | 8,187 | |
Corporate Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 32,949 | |
Debt Securities, Available-for-Sale | 29,204 | |
Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Other investments | 0 | |
Other Investments | 0 | |
Loans Held for Sale | 0 | 0 |
Other Assets | 0 | 0 |
Total Assets | 0 | 0 |
Other Liabilities | 0 | 0 |
Total Liabilities | 0 | 0 |
Debt Securities, Available-for-Sale | 0 | |
Level 1 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 1 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 1 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 1 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 1 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 1 [Member] | Corporate Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 1,041,380 | |
Other Investments | 25,244 | 11,668 |
Loans Held for Sale | 11,869 | 18,583 |
Other Assets | 50,738 | 26,805 |
Total Assets | (850,512) | (1,098,436) |
Other Liabilities | 89,298 | 34,263 |
Total Liabilities | 89,298 | 34,263 |
Debt Securities, Available-for-Sale | 762,661 | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 5,662 | |
Debt Securities, Available-for-Sale | 3,983 | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 362,290 | |
Debt Securities, Available-for-Sale | 271,416 | |
Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 629,974 | |
Debt Securities, Available-for-Sale | 448,989 | |
Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 981 | |
Debt Securities, Available-for-Sale | 882 | |
Fair Value, Inputs, Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 9,524 | |
Debt Securities, Available-for-Sale | 8,187 | |
Fair Value, Inputs, Level 2 [Member] | Corporate Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 32,949 | |
Debt Securities, Available-for-Sale | 29,204 | |
Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Loans Held for Sale | 0 | 0 |
Other Assets | 17,691 | 14,981 |
Total Assets | (18,861) | (16,151) |
Other Liabilities | 0 | 0 |
Total Liabilities | 0 | 0 |
Debt Securities, Available-for-Sale | 0 | |
Level 3 [Member] | Equity Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Other Investments | 1,170 | 1,170 |
Level 3 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 3 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 3 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 3 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 3 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | 0 | |
Debt Securities, Available-for-Sale | 0 | |
Level 3 [Member] | Corporate Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Estimated Fair Value of Available for Sale | $ 0 | |
Debt Securities, Available-for-Sale | $ 0 |
Fair Values of Assets and Lia_6
Fair Values of Assets and Liabilities - Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | $ (1,041,380) | |
Assets, Fair Value Disclosure | $ 869,373 | 1,114,587 |
Balance, beginning of period | 16,151 | 8,289 |
Total gains or losses included in earnings | 0 | |
Total gains or losses included in other comprehensive income | 0 | 0 |
Purchases | 2,991 | 8,511 |
Issuances | 0 | 0 |
Sales | (281) | 0 |
Settlements | 0 | (649) |
Transfers from Level 3 | 0 | 0 |
Transfers into Level 3 | 0 | 0 |
Balance, end of period | 18,861 | 16,151 |
Other Investments | 26,414 | 12,838 |
Loans Held-for-sale, Fair Value Disclosure | 11,869 | 18,583 |
Other Assets, Fair Value Disclosure | 68,429 | 41,786 |
Other Liabilities, Fair Value Disclosure | 89,298 | 34,263 |
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 89,298 | 34,263 |
Equity Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Balance, beginning of period | 1,170 | 1,670 |
Total gains or losses included in earnings | 0 | 0 |
Total gains or losses included in other comprehensive income | 0 | 0 |
Purchases | 0 | 0 |
Issuances | 0 | 0 |
Sales | 0 | 0 |
Settlements | 0 | (500) |
Transfers from Level 3 | 0 | 0 |
Transfers into Level 3 | 0 | 0 |
Balance, end of period | 1,170 | 1,170 |
Other Assets [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Balance, beginning of period | 14,981 | 6,619 |
Total gains or losses included in earnings | 0 | 0 |
Total gains or losses included in other comprehensive income | 0 | 0 |
Purchases | 2,991 | 8,511 |
Issuances | 0 | 0 |
Sales | (281) | 0 |
Settlements | 0 | (149) |
Transfers from Level 3 | 0 | 0 |
Transfers into Level 3 | 0 | |
Balance, end of period | 17,691 | 14,981 |
Corporate Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (32,949) | |
US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (5,662) | |
US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (362,290) | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (629,974) | |
Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (981) | |
Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (9,524) | |
Level 1 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Assets, Fair Value Disclosure | 0 | 0 |
Other Investments | 0 | |
Loans Held-for-sale, Fair Value Disclosure | 0 | 0 |
Other Assets, Fair Value Disclosure | 0 | 0 |
Other Liabilities, Fair Value Disclosure | 0 | 0 |
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Corporate Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Level 1 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Level 1 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Level 1 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Level 1 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Level 1 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (1,041,380) | |
Assets, Fair Value Disclosure | 850,512 | 1,098,436 |
Other Investments | 25,244 | 11,668 |
Loans Held-for-sale, Fair Value Disclosure | 11,869 | 18,583 |
Other Assets, Fair Value Disclosure | 50,738 | 26,805 |
Other Liabilities, Fair Value Disclosure | 89,298 | 34,263 |
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 89,298 | 34,263 |
Fair Value, Inputs, Level 2 [Member] | Corporate Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (32,949) | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (5,662) | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (362,290) | |
Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (629,974) | |
Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (981) | |
Fair Value, Inputs, Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | (9,524) | |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Assets, Fair Value Disclosure | 18,861 | 16,151 |
Loans Held-for-sale, Fair Value Disclosure | 0 | 0 |
Other Assets, Fair Value Disclosure | 17,691 | 14,981 |
Other Liabilities, Fair Value Disclosure | 0 | 0 |
Financial and Nonfinancial Liabilities, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Other Investments | $ 1,170 | 1,170 |
Fair Value, Inputs, Level 3 [Member] | Corporate Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Mortgage-Backed Securities-Commercial [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Mortgage-Backed Securities-Residential [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. Government-Sponsored Enterprises [Member] | Other Government - Sponsored Enterprises [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | 0 | |
Fair Value, Inputs, Level 3 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Securities available for sale, at fair value | $ 0 |
Fair Values of Assets and Lia_7
Fair Values of Assets and Liabilities - Schedule of Assets Measured on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 869,373 | $ 1,114,587 |
Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 34,776 | 54,785 |
Fair Value Measurement Of Assets On Nonrecurring Basis Net Losses On Impaired Loans | (2,127) | 352 |
Other Real Estate Owned Assets Fair Value | 553 | 729 |
Fair Value Measurement Of Assets On Nonrecurring Basis Net Losses On Other Real Estate Owned | 0 | 0 |
Total Assets | 35,329 | 55,514 |
Fair Value Measurement Of Assets On Nonrecurring Basis Net Loss | (2,127) | 352 |
Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 0 | 0 |
Level 1 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Other Real Estate Owned Assets Fair Value | 0 | 0 |
Total Assets | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 850,512 | 1,098,436 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 23,140 | 42,538 |
Other Real Estate Owned Assets Fair Value | 553 | 729 |
Total Assets | 23,693 | 43,267 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 18,861 | 16,151 |
Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 11,636 | 12,247 |
Other Real Estate Owned Assets Fair Value | 0 | 0 |
Total Assets | $ 11,636 | $ 12,247 |
Fair Values of Assets and Lia_8
Fair Values of Assets and Liabilities - Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Cash and due from banks | $ 124,254 | $ 84,738 | |
Interest-bearing deposits | 29,990 | 310,634 | |
Debt Securities, Available-for-Sale | 762,661 | 1,041,380 | |
Debt Securities, Held-to-maturity | 461,162 | 541,311 | |
Other investments | 26,414 | 12,838 | |
Loans | 7,642,143 | 6,839,230 | |
Deposits | 8,005,469 | 7,982,498 | |
Short-term borrowings | 372,694 | 138,315 | $ 117,373 |
Long-term debt | 4,862 | 5,573 | |
Subordinated Debentures outstanding, Amount | 170,937 | 170,775 | |
Capital lease obligation | 5,425 | 5,921 | |
Loans Held for Sale | 11,869 | 18,583 | |
Level 1 [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Debt Securities, Available-for-Sale | 0 | ||
Other investments | 0 | ||
Loans Held for Sale | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Debt Securities, Available-for-Sale | 762,661 | ||
Other investments | 25,244 | 11,668 | |
Loans Held for Sale | 11,869 | 18,583 | |
Level 3 [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Debt Securities, Available-for-Sale | 0 | ||
Loans Held for Sale | 0 | 0 | |
Carrying Amount [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Cash and due from banks | 124,254 | 84,738 | |
Interest-bearing deposits | 29,990 | 310,634 | |
Debt Securities, Available-for-Sale | 762,661 | 1,041,380 | |
Debt Securities, Held-to-maturity | 461,162 | 541,311 | |
Other investments | 26,414 | 12,838 | |
Loans held for sale | 11,869 | 18,583 | |
Loans | 7,642,143 | 6,839,230 | |
Deposits | 8,005,469 | 7,982,498 | |
Short-term borrowings | 372,694 | 138,315 | |
Long-term debt | 4,862 | 5,573 | |
Subordinated Debentures outstanding, Amount | 170,937 | 170,775 | |
Capital lease obligation | 5,425 | 5,921 | |
Estimated Fair Value [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Cash and due from banks | 124,254 | 84,738 | |
Interest-bearing deposits | 29,990 | 310,634 | |
Debt Securities, Available-for-Sale | 762,661 | 1,041,380 | |
Debt Securities, Held-to-maturity | 386,205 | 536,651 | |
Other investments | 26,414 | 12,838 | |
Loans held for sale | 11,869 | 18,583 | |
Loans | 7,639,721 | 7,169,768 | |
Deposits | 7,992,012 | 7,980,101 | |
Short-term borrowings | 363,135 | 136,473 | |
Long-term debt | 4,781 | 6,065 | |
Subordinated Debentures outstanding, Amount | 156,621 | 175,040 | |
Capital lease obligation | 5,425 | 5,921 | |
Estimated Fair Value [Member] | Level 1 [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Cash and due from banks | 124,254 | 84,738 | |
Interest-bearing deposits | 29,990 | 310,634 | |
Debt Securities, Available-for-Sale | 0 | 0 | |
Debt Securities, Held-to-maturity | 0 | 0 | |
Other investments | 0 | 0 | |
Loans held for sale | 0 | 0 | |
Loans | 0 | 0 | |
Deposits | 0 | 0 | |
Short-term borrowings | 0 | 0 | |
Long-term debt | 0 | 0 | |
Subordinated Debentures outstanding, Amount | 0 | 0 | |
Capital lease obligation | 0 | 0 | |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Cash and due from banks | 0 | 0 | |
Interest-bearing deposits | 0 | 0 | |
Debt Securities, Available-for-Sale | 762,661 | 1,041,380 | |
Debt Securities, Held-to-maturity | 386,205 | 536,651 | |
Other investments | 25,244 | 11,668 | |
Loans held for sale | 11,869 | 18,583 | |
Loans | 23,140 | 42,538 | |
Deposits | 7,992,012 | 7,980,101 | |
Short-term borrowings | 363,135 | 136,473 | |
Long-term debt | 4,781 | 6,065 | |
Subordinated Debentures outstanding, Amount | 0 | 0 | |
Capital lease obligation | 5,425 | 5,921 | |
Estimated Fair Value [Member] | Level 3 [Member] | |||
Fair Value Measurements Of Financial Instruments [Line Items] | |||
Cash and due from banks | 0 | 0 | |
Interest-bearing deposits | 0 | 0 | |
Debt Securities, Available-for-Sale | 0 | 0 | |
Debt Securities, Held-to-maturity | 0 | 0 | |
Other investments | 1,170 | 1,170 | |
Loans held for sale | 0 | 0 | |
Loans | 7,616,581 | 7,127,230 | |
Deposits | 0 | 0 | |
Short-term borrowings | 0 | 0 | |
Long-term debt | 0 | 0 | |
Subordinated Debentures outstanding, Amount | 156,621 | 175,040 | |
Capital lease obligation | $ 0 | $ 0 |
Income Taxes - Schedule of Comp
Income Taxes - Schedule of Components of Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
Federal | $ 33,545 | $ 32,586 | $ 21,629 |
State | 471 | 397 | 329 |
Total current tax provision | 34,016 | 32,983 | 21,958 |
Deferred State and Local Income Tax Expense (Benefit) | (1,967) | 1,501 | (5,070) |
Deferred State and Local Income Tax Expense (Benefit) | (45) | 76 | (132) |
Deferred Income Tax Expense (Benefit) | (2,012) | 1,577 | (5,202) |
Total tax provision (benefit), Amount | $ 32,004 | $ 34,560 | $ 16,756 |
Income Taxes - Schedule of Effe
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract] | |||
Tax at statutory rate, Amount | $ 33,639 | $ 36,292 | $ 18,943 |
Income Tax Reconciliation, Bank Owned Life Insurance Income | (1,146) | (1,351) | (1,376) |
Tax-exempt interest income, net, Amount | (809) | (846) | (1,117) |
Tax credits, Amount | (341) | (127) | (44) |
Other, Amount | 300 | 266 | 195 |
Total tax provision (benefit), Amount | $ 32,004 | $ 34,560 | $ 16,756 |
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||
Tax at statutory rate, Pretax Income | 21% | 21% | 21% |
Income from bank owned life insurance, Pretax Income | (1.00%) | (1.00%) | (1.00%) |
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount | $ 361 | $ 326 | $ 155 |
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 0% | 0% | 0% |
Tax-exempt interest income, net, Pretax Income | (1.00%) | 0% | (1.00%) |
Tax credits, Pretax Income | 0% | 0% | 0% |
Other, Pretax Income | 1% | 0% | 0% |
Total tax provision (benefit), Pretax Income | 20% | 20% | 19% |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
Operating Loss Carryforwards | $ 900,000 | ||
Unrecognized Tax Benefits | $ 0 | ||
Federal statutory rate | 21% | 21% | 21% |
Annual effective income tax rate, percentage | 20% | 20% | 19% |
Net deferred tax asset | $ 63,743,000 | $ 27,461,000 |
Income Taxes - Schedule of Defe
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Income Tax Disclosure [Abstract] | ||
Deferred Tax Asset, Tax Deferred Expense, Lease Liability | $ 9,581 | $ 9,489 |
Deferred Tax Assets, Gross [Abstract] | ||
Allowance for credit losses | 21,837 | 19,597 |
Postretirement benefits other than pensions | 223 | 235 |
Deferred Tax Assets, Operating Loss Carryforwards | 37 | 75 |
Deferred compensation | 1,960 | 1,969 |
Accrued interest on nonaccrual loans | 935 | 779 |
Accrued incentives | 3,185 | 2,591 |
Unfunded loan commitments & other reserves | 2,126 | 1,363 |
Other | 1,205 | 988 |
Total deferred tax assets | 77,762 | 39,443 |
Deferred tax liabilities: | ||
Loan origination fees and costs | (1,320) | (253) |
Deferred Tax Liabilities, Leasing Arrangements | 8,646 | 8,589 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | (2,139) | (1,725) |
Section 197 intangibles | (1,717) | (1,107) |
Other | (197) | (308) |
Total deferred tax liabilities | (14,019) | (11,982) |
Net deferred tax asset | 63,743 | 27,461 |
Unrealized loss on securities available for sale | $ 36,673 | $ 2,357 |
Retirement Plans - Additional I
Retirement Plans - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employer contribution | 4% | ||
Employee contribution | 80% | ||
Plan expense | $ 2.9 | $ 3 | $ 3.9 |
Retirement Plan expense | $ 0.2 | $ 0.2 | $ 0.2 |
Minimum [Member] | |||
Eligibility of participants | 1% | ||
Maximum [Member] | |||
Eligibility of participants | 25% |
Retirement Plans - Schedule of
Retirement Plans - Schedule of Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Retirement Benefits [Abstract] | |||
Service cost | $ 0 | $ 0 | $ 0 |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] | Labor and Related Expense | ||
Interest cost on projected benefit obligation | $ 35 | 23 | 23 |
Amortization of transition obligation | 0 | 0 | 0 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 75 | 76 | 0 |
Gain amortization | (96) | (27) | (52) |
Net periodic benefit cost | $ 14 | $ 72 | $ (29) |
Retirement Plans - Schedule o_2
Retirement Plans - Schedule of Changes in Benefit Obligations and Plan Assets (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | |||
Service cost | $ 0 | $ 0 | $ 0 |
Interest cost | 35 | 23 | 23 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||
Funded Status at End of Year | 708 | 986 | |
Unrecognized transition obligation | (386) | (461) | |
Unrecognized net gain | 728 | 584 | |
Amounts recognized in retained earnings | 1,050 | 1,109 | |
Change in Benefit Obligation [Member] | |||
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | |||
Benefit obligation at beginning of year | 986 | 1,372 | |
Service cost | 0 | 0 | |
Interest cost | 22 | 23 | |
Amendments | 0 | 0 | |
Actuarial gain | (212) | (302) | |
Net benefits paid | (88) | (107) | |
Benefit obligation at end of year | 708 | 986 | 1,372 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||
Net benefits paid | (88) | (107) | |
Change In Plan Assets [Member] | |||
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | |||
Net benefits paid | (88) | (107) | |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||
Fair value of plan assets at beginning of year | 0 | 0 | |
Actual return on plan assets | 0 | 0 | |
Employer contributions | 88 | 107 | |
Net benefits paid | (88) | (107) | |
Fair value of plan assets at end of year | $ 0 | $ 0 | $ 0 |
Retirement Plans - Schedule o_3
Retirement Plans - Schedule of Amounts Recognized as Other Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Retirement Benefits [Abstract] | ||
Amounts Recognized in the Statement of Financial Condition as Other liabilities | $ 708 | $ 986 |
Retirement Plans - Schedule o_4
Retirement Plans - Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Net (gain) loss | $ (575) | $ (461) | $ (243) |
Transition obligation | 305 | 364 | 424 |
Total | (270) | $ (97) | $ 181 |
Postretirement Benefit Costs [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Net (gain) loss | (96) | ||
Transition obligation | 76 | ||
Total | $ (20) |
Retirement Plans - Schedule o_5
Retirement Plans - Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligation (Detail) - Benefit Obligation [Member] | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net Periodic Benefit Cost Assumptions [Line Items] | |||
Discount rate | 5.31% | 2.38% | 1.83% |
Health care cost trend: Initial | 6.50% | 5.90% | 5.95% |
Health care cost trend: Ultimate | 4.75% | 4.75% | 4.75% |
Year ultimate reached | 2028 | 2027 | 2026 |
Retirement Plans - Schedule o_6
Retirement Plans - Schedule of Weighted-Average Assumptions Used to Determine Net Periodic Cost (Detail) - Net Periodic Cost [Member] | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net Periodic Benefit Cost Assumptions [Line Items] | |||
Discount rate | 2.38% | 1.83% | 2.88% |
Health care cost trend: Initial | 5.90% | 5.95% | 5.55% |
Health care cost trend: Ultimate | 4.75% | 4.75% | 4.75% |
Year ultimate reached | 2027 | 2026 | 2025 |
Corridor | 10% | 10% | 10% |
Recognition period for gains and losses | 9 years 10 months 24 days | 10 years 4 months 24 days | 10 years 10 months 24 days |
Retirement Plans - Schedule o_7
Retirement Plans - Schedule of Projected Benefit Payments (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
Defined Benefit Plan, Expected Future Benefit Payment [Abstract] | |
2016 | $ 105 |
2017 | 99 |
2018 | 93 |
2019 | 87 |
2020 | 79 |
2021 - 2025 | $ 287 |
Incentive Compensation Plan - A
Incentive Compensation Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||||||||||||||||||||
Mar. 28, 2022 | Feb. 17, 2022 | Jan. 03, 2022 | Dec. 13, 2021 | Dec. 09, 2021 | Nov. 22, 2021 | Nov. 19, 2021 | Sep. 27, 2021 | Jun. 14, 2021 | Feb. 18, 2021 | Feb. 20, 2020 | Feb. 21, 2019 | Nov. 26, 2018 | May 29, 2018 | Mar. 26, 2018 | Feb. 26, 2018 | Feb. 22, 2018 | Mar. 24, 2017 | Dec. 30, 2015 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | $ 15.98 | $ 13.64 | $ 13.72 | |||||||||||||||||||
Maximum number of shares that are available to be awarded | 5,000,000 | |||||||||||||||||||||
Vesting period of restricted stock | 0 years | 0 years | 0 years | 0 years | 0 years | 0 years | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 2,115,605 | |||||||||||||||||||||
Performance Based Stock Awards Vesting Period | 3 years | 3 years | 3 years | 3 years | 3 years | 5 years | ||||||||||||||||
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Target Award Participants Earn | 40% | 40% | 40% | 40% | 40% | |||||||||||||||||
Performance Shares Awards As Percentage Of Target | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||
Percentage Of Target Award Opportunities Maximum In Certain Cases | 200% | 200% | 200% | 200% | 200% | |||||||||||||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Shares issued (in shares) | 121,200,000 | 143,400,000 | 125,800,000 | 121,900,000 | 102,000,000 | 60,000,000 | ||||||||||||||||
Restricted Stock [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Shares issued (in shares) | 50,000 | 57,000 | 1,000 | 2,000 | 1,000 | 1,565 | 24,000 | 6,000 | 15,000 | 84,950 | 95,300 | 2,000 | 3,000 | 2,000 | 77,500 | |||||||
Grant Price (in dollars per share) | $ 15.46 | $ 16.43 | $ 16.25 | $ 14.83 | $ 15.07 | $ 15.96 | $ 15.81 | $ 13.78 | $ 14.58 | $ 12.77 | $ 13.72 | $ 13.82 | $ 15.44 | $ 14.08 | $ 14.49 | |||||||
Vesting Date | Mar. 28, 2025 | Feb. 17, 2025 | Jan. 03, 2025 | Dec. 13, 2024 | Dec. 09, 2024 | Nov. 22, 2024 | Nov. 19, 2024 | Sep. 27, 2024 | Jun. 01, 2024 | Feb. 18, 2024 | Feb. 20, 2023 | Nov. 26, 2021 | May 29, 2021 | Mar. 26, 2021 | Feb. 26, 2021 | |||||||
Share-based Payment Arrangement, Expense | $ 3.7 | $ 3.1 | $ 2.9 | |||||||||||||||||||
Unrecognized compensation cost related to unvested restricted stock | $ 4.3 | |||||||||||||||||||||
Vesting period of restricted stock | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 3 years | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | |||||||
March 24, 2017 Grant 3 [Member] | Restricted Stock [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Shares issued (in shares) | 7,000 | |||||||||||||||||||||
Grant Price (in dollars per share) | $ 12.99 | |||||||||||||||||||||
Vesting Date | Mar. 24, 2020 | |||||||||||||||||||||
Vesting period of restricted stock | 1 year | |||||||||||||||||||||
March 24, 2017 Grant 1 [Member] | Restricted Stock [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Shares issued (in shares) | 5,000 | |||||||||||||||||||||
Grant Price (in dollars per share) | $ 12.99 | |||||||||||||||||||||
Vesting Date | Mar. 24, 2020 | |||||||||||||||||||||
Vesting period of restricted stock | 1 year | |||||||||||||||||||||
February 23, 2017 | Time [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | $ 13.29 | |||||||||||||||||||||
February 23, 2017 | Component 3 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 15.09 | |||||||||||||||||||||
February 23, 2017 | Component 2 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 13.29 | |||||||||||||||||||||
February 22, 2018 | Time [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 14.17 | |||||||||||||||||||||
February 22, 2018 | Component 3 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 15.83 | |||||||||||||||||||||
February 22, 2018 | Component 2 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 13.25 | |||||||||||||||||||||
February 21, 2019 | Time [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 14.22 | |||||||||||||||||||||
February 21, 2019 | Component 3 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 13.07 | |||||||||||||||||||||
February 21, 2019 | Component 2 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 16.62 | |||||||||||||||||||||
February 20, 2020 | Time [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 13.72 | |||||||||||||||||||||
February 20, 2020 | Component 3 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 12.43 | |||||||||||||||||||||
February 20, 2020 | Component 2 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 15.37 | |||||||||||||||||||||
February 18, 2021 | Time [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 12.77 | |||||||||||||||||||||
February 18, 2021 | Component 3 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 16.41 | |||||||||||||||||||||
February 18, 2021 | Component 2 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 11.45 | |||||||||||||||||||||
February 17, 2022 | Time [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 16.56 | |||||||||||||||||||||
February 17, 2022 | Component 3 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | 21.08 | |||||||||||||||||||||
February 17, 2022 | Component 2 [Member] | ||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||
Grant Price (in dollars per share) | $ 15.20 |
Incentive Compensation Plan - U
Incentive Compensation Plan - Unvested Service-Based Restricted Stock Awards (Detail) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Outstanding, beginning of the year, Shares | 286,015 | 250,800 | 171,500 |
Granted, Shares | 108,000 | 134,515 | 95,300 |
Vested, Shares | (75,500) | (88,389) | (12,000) |
Forfeited, Shares | (7,250) | (10,911) | (4,000) |
Outstanding, end of the year, Shares | 311,265 | 286,015 | 250,800 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Outstanding, beginning of the year, Weighted Average Grant Date Fair Value | $ 13.82 | $ 14.13 | $ 14.27 |
Grant Price (in dollars per share) | 15.98 | 13.64 | 13.72 |
Vested, Weighted Average Grant Date Fair Value | 14.24 | 14.46 | 12.99 |
Forfeited, Weighted Average Grant Date Fair Value | 13.11 | 13.66 | 13.85 |
Outstanding, end of the year, Weighted Average Grant Date Fair Value | $ 14.48 | $ 13.82 | $ 14.13 |
Incentive Compensation Plan Inc
Incentive Compensation Plan Incentive Compensation Plan - Restricted Stock Awards Estimated to be Granted on a Performance Award (Details) - $ / shares | 12 Months Ended | ||||||||||||||||||||
Mar. 28, 2022 | Feb. 17, 2022 | Jan. 03, 2022 | Dec. 13, 2021 | Dec. 09, 2021 | Nov. 22, 2021 | Nov. 19, 2021 | Sep. 27, 2021 | Jun. 14, 2021 | Feb. 18, 2021 | Feb. 20, 2020 | Feb. 21, 2019 | Nov. 26, 2018 | May 29, 2018 | Mar. 26, 2018 | Feb. 26, 2018 | Feb. 22, 2018 | Dec. 30, 2015 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Target Award Participants Earn | 40% | 40% | 40% | 40% | 40% | ||||||||||||||||
Performance Shares Awards As Percentage Of Target | 100% | 100% | 100% | 100% | 100% | ||||||||||||||||
Percentage Of Target Award Opportunities Maximum In Certain Cases | 200% | 200% | 200% | 200% | 200% | ||||||||||||||||
Vesting period of restricted stock | 0 years | 0 years | 0 years | 0 years | 0 years | 0 years | |||||||||||||||
Performance Based Stock Awards Vesting Period | 3 years | 3 years | 3 years | 3 years | 3 years | 5 years | |||||||||||||||
Grant Price (in dollars per share) | $ 15.98 | $ 13.64 | $ 13.72 | ||||||||||||||||||
Restricted Stock [Member] | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||
Vesting period of restricted stock | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 3 years | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | ||||||
Common stock issued to executive | 50,000 | 57,000 | 1,000 | 2,000 | 1,000 | 1,565 | 24,000 | 6,000 | 15,000 | 84,950 | 95,300 | 2,000 | 3,000 | 2,000 | 77,500 | ||||||
Grant Price (in dollars per share) | $ 15.46 | $ 16.43 | $ 16.25 | $ 14.83 | $ 15.07 | $ 15.96 | $ 15.81 | $ 13.78 | $ 14.58 | $ 12.77 | $ 13.72 | $ 13.82 | $ 15.44 | $ 14.08 | $ 14.49 | ||||||
Vesting Date | Mar. 28, 2025 | Feb. 17, 2025 | Jan. 03, 2025 | Dec. 13, 2024 | Dec. 09, 2024 | Nov. 22, 2024 | Nov. 19, 2024 | Sep. 27, 2024 | Jun. 01, 2024 | Feb. 18, 2024 | Feb. 20, 2023 | Nov. 26, 2021 | May 29, 2021 | Mar. 26, 2021 | Feb. 26, 2021 | ||||||
Restricted Stock [Member] | Executive Officer [Member] | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||
Vesting period of restricted stock | 1 year | ||||||||||||||||||||
Common stock issued to executive | 15,000 | ||||||||||||||||||||
Grant Price (in dollars per share) | $ 14.22 | ||||||||||||||||||||
Vesting Date | Feb. 22, 2022 | ||||||||||||||||||||
Restricted Stock [Member] | Officer | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||
Vesting period of restricted stock | 1 year | ||||||||||||||||||||
Common stock issued to executive | 63,000 | ||||||||||||||||||||
Grant Price (in dollars per share) | $ 14.22 | ||||||||||||||||||||
Vesting Date | Feb. 22, 2022 | ||||||||||||||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||
Common stock issued to executive | 121,200,000 | 143,400,000 | 125,800,000 | 121,900,000 | 102,000,000 | 60,000,000 |
Incentive Compensation Plan -_2
Incentive Compensation Plan - Unvested Target Award (Detail) - shares | 12 Months Ended | ||||||||||||||||||||
Mar. 28, 2022 | Feb. 17, 2022 | Jan. 03, 2022 | Dec. 13, 2021 | Dec. 09, 2021 | Nov. 22, 2021 | Nov. 19, 2021 | Sep. 27, 2021 | Jun. 14, 2021 | Feb. 18, 2021 | Feb. 20, 2020 | Feb. 21, 2019 | Nov. 26, 2018 | May 29, 2018 | Mar. 26, 2018 | Feb. 26, 2018 | Feb. 22, 2018 | Dec. 30, 2015 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||||||||||||||||||||
Outstanding, beginning of the year, Shares | 286,015 | 250,800 | 171,500 | ||||||||||||||||||
Granted, Shares | 108,000 | 134,515 | 95,300 | ||||||||||||||||||
Vested, Shares | (75,500) | (88,389) | (12,000) | ||||||||||||||||||
Forfeited, Shares | (7,250) | (10,911) | (4,000) | ||||||||||||||||||
Outstanding, end of the year, Shares | 311,265 | 286,015 | 250,800 | ||||||||||||||||||
Performance Based Stock Awards Vesting Period | 3 years | 3 years | 3 years | 3 years | 3 years | 5 years | |||||||||||||||
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Target Award Participants Earn | 40% | 40% | 40% | 40% | 40% | ||||||||||||||||
Performance Shares Awards As Percentage Of Target | 100% | 100% | 100% | 100% | 100% | ||||||||||||||||
Percentage Of Target Award Opportunities Maximum In Certain Cases | 200% | 200% | 200% | 200% | 200% | ||||||||||||||||
Vesting period of restricted stock | 0 years | 0 years | 0 years | 0 years | 0 years | 0 years | |||||||||||||||
Restricted Stock [Member] | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||||||||||||||||||||
Outstanding, beginning of the year, Shares | 391,100 | 434,180 | 442,832 | ||||||||||||||||||
Granted, Shares | 200,503 | 143,400 | 125,800 | ||||||||||||||||||
Vested, Shares | (157,251) | (158,531) | (134,452) | ||||||||||||||||||
Forfeited, Shares | 0 | (27,949) | 0 | ||||||||||||||||||
Outstanding, end of the year, Shares | 434,352 | 391,100 | 434,180 | ||||||||||||||||||
Shares issued (in shares) | 50,000 | 57,000 | 1,000 | 2,000 | 1,000 | 1,565 | 24,000 | 6,000 | 15,000 | 84,950 | 95,300 | 2,000 | 3,000 | 2,000 | 77,500 | ||||||
Vesting period of restricted stock | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | 3 years | 1 year | 1 year | 1 year | 1 year | 1 year | 1 year | ||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||||||||||||||||||||
Shares issued (in shares) | 121,200,000 | 143,400,000 | 125,800,000 | 121,900,000 | 102,000,000 | 60,000,000 |
Contingent Liabilities - Additi
Contingent Liabilities - Additional Information (Detail) | Dec. 31, 2022 USD ($) |
Minimum [Member] | |
Loss Contingencies [Line Items] | |
Range of reasonably possible losses | $ 0 |
Maximum [Member] | |
Loss Contingencies [Line Items] | |
Range of reasonably possible losses | $ 1,000,000 |
Revenue Recognition Additional
Revenue Recognition Additional Information (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Revenue from Contract with Customer [Abstract] | ||
Incentive Revenue | $ 0.5 | |
Brokerage Commissions Revenue | $ 4 | $ 3.7 |
Revenue Recognition In Scope an
Revenue Recognition In Scope and Out of Scope Revenue Streams (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disaggregation of Revenue [Line Items] | |||
Fees and Commissions on Debit Cards | $ 27,603 | $ 27,954 | $ 23,966 |
Noninterest Income | 98,708 | 106,757 | 94,476 |
Trust income | 10,518 | 11,111 | 9,101 |
Service charges on deposit accounts | 19,641 | 17,984 | 16,387 |
Insurance and retail brokerage commissions | 8,857 | 8,502 | 7,850 |
Other income | 10,263 | 8,185 | 7,892 |
Out-Of-Scope of Topic 606 [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Noninterest Income | 27,598 | 36,269 | 32,530 |
In-Scope of Topic 606 [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | 455 | 753 | 967 |
Noninterest Income | 71,110 | 70,488 | 61,946 |
Other income | $ 4,036 | $ 4,184 | $ 3,675 |
Related Party Transactions - Lo
Related Party Transactions - Loans to Related Parties (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Loans and Leases Receivable, Related Parties [Roll Forward] | |
Beginning balance | $ 18,953 |
Advances | 928 |
Repayments | (900) |
Loans and Leases Receivable, Related Parties, Period Increase (Decrease) | (327) |
Ending balance | $ 19,308 |
Regulatory Restrictions and C_3
Regulatory Restrictions and Capital Adequacy - Schedule of Capital Amount and Ratio Considered to be Capitalized (Detail) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
First Commonwealth Financial Corporation | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier 1 Common Equity to Risk Weighted Assets | $ 896,072 | $ 824,670 |
Tier 1 Common Equity to Risk Weighted Assets | 11.09% | 11.26% |
Tier 1 Common Equity Required to be Well Capitalized | $ 525,131 | $ 475,876 |
Tier 1 Common Equity Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
First Commonwealth Bank | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier 1 Common Equity to Risk Weighted Assets | $ 906,548 | $ 864,559 |
Tier 1 Common Equity to Risk Weighted Assets | 11.24% | 11.83% |
Tier 1 Common Equity Required to be Well Capitalized | $ 524,081 | $ 475,008 |
Tier 1 Common Equity Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
Actual | First Commonwealth Financial Corporation | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Capital to Risk Weighted Assets | $ 1,160,053 | $ 1,071,965 |
Tier I Capital to Risk Weighted Assets | 966,072 | 894,670 |
Tier I Capital to Average Assets | $ 966,072 | $ 894,670 |
Total Capital to Risk Weighted Assets, Ratio | 0.1436 | 0.1464 |
Tier I Capital to Risk Weighted Assets, Ratio | 0.1196 | 0.1222 |
Tier I Capital to Average Assets, Ratio | 0.1018 | 0.0973 |
Actual | First Commonwealth Bank | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Capital to Risk Weighted Assets | $ 1,100,529 | $ 1,041,854 |
Tier I Capital to Risk Weighted Assets | 906,548 | 864,559 |
Tier I Capital to Average Assets | $ 906,548 | $ 864,559 |
Total Capital to Risk Weighted Assets, Ratio | 0.1365 | 0.1426 |
Tier I Capital to Risk Weighted Assets, Ratio | 0.1124 | 0.1183 |
Tier I Capital to Average Assets, Ratio | 0.0958 | 0.0943 |
Minimum Capital Required | First Commonwealth Financial Corporation | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Capital to Risk Weighted Assets, Regulatory Minimum Capital Amount | $ 848,288 | $ 768,723 |
Tier I Capital to Risk Weighted Assets, Regulatory Minimum Capital Amount | 686,709 | 622,300 |
Tier I Capital to Average Assets, Regulatory Minimum Capital Amount | 379,527 | 367,656 |
Tier 1 Common Equity Required for Capital Adequacy | $ 565,525 | $ 512,482 |
Total Capital to Risk Weighted Assets, Regulatory Minimum Ratio | 0.1050 | 0.1050 |
Tier I Capital to Risk Weighted Assets, Regulatory Minimum Ratio | 0.0850 | 0.0850 |
Tier I Capital to Average Assets, Regulatory Minimum Ratio | 0.0400 | 0.0400 |
Tier 1 Common Equity Required for Capital Adequacy to Risk Weighted Assets | 7% | 7% |
Minimum Capital Required | First Commonwealth Bank | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Capital to Risk Weighted Assets, Regulatory Minimum Capital Amount | $ 846,593 | $ 767,321 |
Tier I Capital to Risk Weighted Assets, Regulatory Minimum Capital Amount | 685,337 | 621,165 |
Tier I Capital to Average Assets, Regulatory Minimum Capital Amount | 378,578 | 366,839 |
Tier 1 Common Equity Required for Capital Adequacy | $ 564,395 | $ 511,547 |
Total Capital to Risk Weighted Assets, Regulatory Minimum Ratio | 0.1050 | 0.1050 |
Tier I Capital to Risk Weighted Assets, Regulatory Minimum Ratio | 0.0850 | 0.0850 |
Tier I Capital to Average Assets, Regulatory Minimum Ratio | 0.0400 | 0.0400 |
Tier 1 Common Equity Required for Capital Adequacy to Risk Weighted Assets | 7% | 7% |
Required to be Considered Well Capitalized | First Commonwealth Financial Corporation | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier One Risk Based Capital Required to be Well Capitalized | $ 646,314 | $ 585,694 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 0.0800 | 0.0800 |
Tier One Leverage Capital Required to be Well Capitalized | $ 474,408 | $ 459,570 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 0.0500 | 0.0500 |
Total Capital to Risk Weighted Assets, Well Capitalized Regulatory Guidelines | $ 807,893 | $ 732,118 |
Total Capital to Risk Weighted Assets, Well Capitalized Regulatory Guidelines | 0.1000 | 0.1000 |
Required to be Considered Well Capitalized | First Commonwealth Bank | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier One Risk Based Capital Required to be Well Capitalized | $ 645,023 | $ 584,626 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 0.0800 | 0.0800 |
Tier One Leverage Capital Required to be Well Capitalized | $ 473,223 | $ 458,549 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 0.0500 | 0.0500 |
Total Capital to Risk Weighted Assets, Well Capitalized Regulatory Guidelines | $ 806,279 | $ 730,782 |
Total Capital to Risk Weighted Assets, Well Capitalized Regulatory Guidelines | 0.1000 | 0.1000 |
Regulatory Restrictions and C_4
Regulatory Restrictions and Capital Adequacy Regulatory Restrictions and Capital Adequacy - Additional Items (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | May 21, 2018 |
Additional Items [Abstract] | |||
Subordinated Long-term Debt, Noncurrent | $ 100,000 | ||
Loans | $ 7,642,143 | $ 6,839,230 |
Capital - Additional Informatio
Capital - Additional Information (Detail) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Oct. 31, 2021 | Dec. 31, 2019 | |
Subsequent Event [Line Items] | |||||
Shareholders' equity | $ 1,052,074,000 | $ 1,109,372,000 | $ 1,068,617,000 | $ 1,055,665,000 | |
Increase (decrease) in equity | (57,300,000) | ||||
Net Income | 128,181,000 | 138,257,000 | 73,447,000 | ||
Payments of dividends | 44,578,000 | 43,611,000 | 42,982,000 | ||
Purchase of treasury stock | $ 15,598,000 | $ 31,301,000 | $ 20,905,000 | ||
Cash Dividends Declared per Common Share (in dollars per share) | $ 0.475 | $ 0.455 | $ 0.440 | ||
Borrowings | $ 0 | $ 0 | $ 0 | ||
Treasury stock reissued | 2,192,000 | 2,264,000 | 1,817,000 | ||
Dividends, Common Stock, Cash | (44,578,000) | (43,611,000) | (42,982,000) | ||
Treasury Stock, Value, Acquired, Cost Method | (15,598,000) | (31,301,000) | (20,905,000) | ||
Total other comprehensive (loss) Income | $ (128,924,000) | $ (26,001,000) | $ 11,654,000 | ||
2021 Share Repurchase Plan 2 | |||||
Subsequent Event [Line Items] | |||||
Announcement of common stock repurchase program | $ 25,000,000 | ||||
Stock repurchased (in shares) | 1,371,019 | ||||
Average price per share | $ 13.92 |
Condensed Financial Informati_3
Condensed Financial Information of First Commonwealth Financial Corporation (Parent Company Only) - Statements of Financial Condition (Detail) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Assets | ||||
Loans | $ 7,539,237 | $ 6,746,708 | ||
Premises and equipment, net | 115,106 | 120,775 | ||
Other assets | 199,255 | 128,268 | ||
Total assets | 9,805,666 | 9,545,093 | ||
Liabilities and Shareholders' Equity | ||||
Subordinated Debentures outstanding, Amount | 170,937 | 170,775 | ||
Shareholders' equity | 1,052,074 | 1,109,372 | $ 1,068,617 | $ 1,055,665 |
Total liabilities and shareholders’ equity | 9,805,666 | 9,545,093 | ||
Parent Company [Member] | ||||
Assets | ||||
Cash | 37,695 | 11,649 | ||
Loans | 8 | 9 | ||
Investment in subsidiaries | 1,061,285 | 1,152,580 | ||
Investment in unconsolidated subsidiary trusts | 2,200 | 2,181 | ||
Investment in Jointly-Owned Company | 394 | 357 | ||
Premises and equipment, net | 3,098 | 3,244 | ||
Dividends receivable from subsidiaries | 5,428 | 7,762 | ||
Other assets | 21,345 | 8,212 | ||
Total assets | 1,131,453 | 1,185,994 | ||
Liabilities and Shareholders' Equity | ||||
Accrued expenses and other liabilities | 7,212 | 4,455 | ||
Subordinated Debentures outstanding, Amount | 72,167 | 72,167 | ||
Shareholders' equity | 1,052,074 | 1,109,372 | ||
Total liabilities and shareholders’ equity | $ 1,131,453 | $ 1,185,994 |
Condensed Financial Informati_4
Condensed Financial Information of First Commonwealth Financial Corporation (Parent Company Only) - Statements of Operations (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Condensed Financial Statements, Captions [Line Items] | |||
Interest and dividends | $ 329,953 | $ 293,838 | $ 301,209 |
Interest expense | (17,732) | (15,297) | (32,938) |
Other income | 10,263 | 8,185 | 7,892 |
Applicable income tax (provision) benefits | (32,004) | (34,560) | (16,756) |
Net Income | 128,181 | 138,257 | 73,447 |
Parent Company [Member] | |||
Condensed Financial Statements, Captions [Line Items] | |||
Interest and dividends | 78 | 4 | 8 |
Dividends from subsidiaries | 92,082 | 72,202 | 61,708 |
Interest expense | (3,245) | (3,205) | (3,229) |
Other income | 112 | 0 | 3 |
Operating expense | (4,747) | (4,721) | (4,687) |
Income (loss) before taxes and equity in undistributed earnings of subsidiaries | 84,280 | 64,280 | 53,803 |
Applicable income tax (provision) benefits | 1,625 | 1,646 | 1,648 |
Income (loss) before equity in undistributed earnings of subsidiaries | 85,905 | 65,926 | 55,451 |
Equity in undistributed (loss) earnings of subsidiaries | 42,276 | 72,331 | 17,996 |
Net Income | $ 128,181 | $ 138,257 | $ 73,447 |
Condensed Financial Informati_5
Condensed Financial Information of First Commonwealth Financial Corporation (parent company only) - Statements of Cash Flow (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Activities | |||
Net Income | $ 128,181 | $ 138,257 | $ 73,447 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 10,552 | 11,442 | 11,653 |
Other net | 15,413 | (5,874) | 5,349 |
Net cash provided by operating activities | 151,413 | 165,046 | 105,699 |
Investing Activities | |||
Net cash used in investing activities | (588,788) | (565,305) | (483,138) |
Financing Activities | |||
Dividends paid | (44,578) | (43,611) | (42,982) |
Proceeds from reissuance of treasury stock | 245 | 222 | 222 |
Purchase of treasury stock | (15,598) | (31,301) | (20,905) |
Net cash provided by financing activities | 196,247 | 439,050 | 612,164 |
Net (decrease) increase in cash and cash equivalents | (241,128) | 38,791 | 234,725 |
Parent Company [Member] | |||
Operating Activities | |||
Net Income | 128,181 | 138,257 | 73,447 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 335 | 369 | 383 |
Net gains on sales of assets | (113) | 228 | 0 |
Decrease (increase) in prepaid income taxes | 0 | 317 | (317) |
Undistributed equity in subsidiaries | (42,276) | (72,330) | (17,996) |
Other net | 0 | (14,830) | 19,705 |
Net cash provided by operating activities | 86,127 | 52,011 | 75,222 |
Investing Activities | |||
Net change in loans | 2 | 2 | 1 |
Payments to Acquire Property and Equipment | (152) | (101) | (20) |
Net cash used in investing activities | (150) | (99) | (19) |
Financing Activities | |||
Dividends paid | (44,578) | (43,611) | (42,982) |
Proceeds from reissuance of treasury stock | 245 | 222 | 222 |
Purchase of treasury stock | (15,598) | (31,301) | (20,905) |
Net cash provided by financing activities | (59,931) | (74,690) | (63,665) |
Net (decrease) increase in cash and cash equivalents | 26,046 | (22,778) | 11,538 |
Cash and cash equivalents at January 1 | 11,649 | 34,427 | 22,889 |
Cash and cash equivalents at December 31 | $ 37,695 | $ 11,649 | $ 34,427 |
Condensed Financial Informati_6
Condensed Financial Information of First Commonwealth Financial Corporation (Parent Company Only) - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Condensed Financial Information Disclosure [Abstract] | |||
Cash Dividends Declared per Common Share (in dollars per share) | $ 0.475 | $ 0.455 | $ 0.440 |
Line of credit | $ 20,000,000 | ||
Borrowings | $ 0 | $ 0 | $ 0 |