Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5. Loans Receivable June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 (dollars in thousands) Commercial (1) $ 1,354,625 $ 1,299,428 Commercial real estate 5,107,382 4,741,590 Commercial construction 569,789 540,178 Residential real estate 249,379 255,269 Consumer 1,248 1,886 Gross loans 7,282,423 6,838,351 Net deferred loan fees (7,850 ) (9,729 ) Total loans receivable $ 7,274,573 $ 6,828,622 ( 1 Included in commercial loans as of June 30, 2022 December 31, 2021 As of June 30, 2022 December 31, 2021 Loans held-for-sale - June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 (dollars in thousands) Commercial real estate $ 3,182 $ - Residential real estate - 250 Total carrying amount $ 3,182 $ 250 Loans Receivable on Nonaccrual Status - June 30, 2022 December 31, 2021 June 30, 2022 Nonaccrual loans with ACL Nonaccrual loans without ACL Total Nonaccrual loans (dollars in thousands) Commercial $ 27,875 $ 1,263 $ 29,138 Commercial real estate 10,162 19,021 29,183 Commercial construction - - - Residential real estate 895 1,540 2,435 Consumer - - - Total $ 38,932 $ 21,824 $ 60,756 December 31, 2021 Nonaccrual loans with ACL Nonaccrual loans without ACL Total Nonaccrual loans (dollars in thousands) Commercial $ 28,746 $ 1,316 $ 30,062 Commercial real estate 15,362 10,031 25,393 Commercial construction - 3,150 3,150 Residential real estate 1,239 1,856 3,095 Consumer - - - Total $ 45,347 $ 16,353 $ 61,700 Nonaccrual loans and loans 90 Credit Quality Indicators third no not may not We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the table below. The following table presents loans by origination and risk designation as of June 30, 2022 Term loans amortized cost basis by origination year Revolving Total 2022 2021 2020 2019 2018 Prior Loans Gross Loans Commercial Pass $ 168,961 $ 345,319 $ 52,681 $ 32,103 $ 51,661 $ 167,147 $ 470,129 $ 1,288,001 Special mention - - - - - 9,618 3,317 12,935 Substandard 7,429 158 - 2,176 11,595 18,347 13,984 53,689 Doubtful - - - - - - - - Total Commercial $ 176,390 $ 345,477 $ 52,681 $ 34,279 $ 63,256 $ 195,112 $ 487,430 $ 1,354,625 Commercial Real Estate Pass $ 885,508 $ 1,619,792 $ 426,907 $ 373,166 $ 404,284 $ 1,099,266 $ 165,421 $ 4,974,344 Special mention - - - 3,328 - 50,384 15,463 69,175 Substandard - 1,949 4,500 10,520 20,274 18,411 8,209 63,863 Doubtful - - - - - - - - Total Commercial Real Estate $ 885,508 $ 1,621,741 $ 431,407 $ 387,014 $ 424,558 $ 1,168,061 $ 189,093 $ 5,107,382 Commercial Construction Pass $ 2,454 $ 7,914 $ 5,246 $ 6,508 $ 2,600 $ - $ 537,890 $ 562,612 Special mention - - - - - - - - Substandard - - - - - - 7,177 7,177 Doubtful - - - - - - - - Total Commercial Construction $ 2,454 $ 7,914 $ 5,246 $ 6,508 $ 2,600 $ - $ 545,067 $ 569,789 Residential Real Estate Pass $ 20,431 $ 25,646 $ 26,598 $ 21,895 $ 20,702 $ 84,422 $ 42,760 $ 242,454 Special mention - - - - - - - - Substandard - - - - - 3,501 3,424 6,925 Doubtful - - - - - - - - Total Residential Real Estate $ 20,431 $ 25,646 $ 26,598 $ 21,895 $ 20,702 $ 87,923 $ 46,184 $ 249,379 Consumer Pass $ 1,109 $ - $ 14 $ 1 $ 10 $ 2 $ 112 $ 1,248 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 1,109 $ - $ 14 $ 1 $ 10 $ 2 $ 112 $ 1,248 Total Pass $ 1,078,463 $ 1,998,671 $ 511,446 $ 433,673 $ 479,257 $ 1,350,837 $ 1,216,312 $ 7,068,659 Special mention - - - 3,328 - 60,002 18,780 82,110 Substandard 7,429 2,107 4,500 12,696 31,869 40,259 32,794 131,654 Doubtful - - - - - - - - Grand Total $ 1,085,892 $ 2,000,778 $ 515,946 $ 449,697 $ 511,126 $ 1,451,098 $ 1,267,886 $ 7,282,423 The following table presents loans by origination and risk designation as of December 31, 2021 Term loans amortized cost basis by origination year Revolving Total 2021 2020 2019 2018 8.5 Prior Loans Gross Loans Commercial Pass $ 403,203 $ 58,534 $ 54,485 $ 60,409 $ 95,727 $ 86,556 $ 471,588 $ 1,230,502 Special mention - - - - 1 4,045 4,266 8,312 Substandard 170 - 1,842 13,298 9,740 21,024 14,540 60,614 Doubtful - - - - - - - - Total Commercial $ 403,373 $ 58,534 $ 56,327 $ 73,707 $ 105,468 $ 111,625 $ 490,394 $ 1,299,428 Commercial Real Estate Pass $ 1,692,098 $ 533,315 $ 420,995 $ 452,262 $ 497,065 $ 842,244 $ 170,721 $ 4,608,700 Special mention - - - - 5,142 50,438 6,601 62,181 Substandard 1,968 9,039 4,006 20,624 - 26,108 8,964 70,709 Doubtful - - - - - - - - Total Commercial Real Estate $ 1,694,066 $ 542,354 $ 425,001 $ 472,886 $ 502,207 $ 918,790 $ 186,286 $ 4,741,590 Commercial Construction Pass $ 8,018 $ 7,370 $ 12,625 $ 2,600 $ 2,339 $ - $ 490,119 $ 523,071 Special mention - - - - 350 - 1,443 1,793 Substandard - - - - - - 15,314 15,314 Doubtful - - - - - - - - Total Commercial Construction $ 8,018 $ 7,370 $ 12,625 $ 2,600 $ 2,689 $ - $ 506,876 $ 540,178 Residential Real Estate Pass $ 27,081 $ 29,539 $ 23,611 $ 25,070 $ 28,701 $ 66,249 $ 44,221 $ 244,472 Special mention - - - - - - - - Substandard - - - - - 7,262 3,535 10,797 Doubtful - - - - - - - - Total Residential Real Estate $ 27,081 $ 29,539 $ 23,611 $ 25,070 $ 28,701 $ 73,511 $ 47,756 $ 255,269 Consumer Pass $ 1,590 $ 85 $ 39 $ 21 $ 28 $ - $ 123 $ 1,886 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 1,590 $ 85 $ 39 $ 21 $ 28 $ - $ 123 $ 1,886 Total Pass $ 2,131,990 $ 628,843 $ 511,755 $ 540,362 $ 623,860 $ 995,049 $ 1,176,772 $ 6,608,631 Special mention - - - - 5,493 54,483 12,310 72,286 Substandard 2,138 9,039 5,848 33,922 9,740 54,394 42,353 157,434 Doubtful - - - - - - - - Grand Total $ 2,134,128 $ 637,882 $ 517,603 $ 574,284 $ 639,093 $ 1,103,926 $ 1,231,435 $ 6,838,351 Collateral Dependent Loans June 30, 2022 December 31, 2021 June 30, 2022 Real Estate Other Total (dollars in thousands) Commercial $ 6,333 $ 24,995 $ 31,328 Commercial real estate 65,507 - 65,507 Commercial construction 7,176 - 7,176 Residential real estate 5,364 - 5,364 Consumer - - - Total $ 84,380 $ 24,995 $ 109,375 December 31, 2021 Real Estate Other Total (dollars in thousands) Commercial $ 6,385 $ 26,182 $ 32,567 Commercial real estate 55,244 - 55,244 Commercial construction 13,196 - 13,196 Residential real estate 8,856 - 8,856 Consumer - - - Total $ 83,681 $ 26,182 $ 109,863 Aging Analysis - June 30, 2022 December 31, 2021 June 30, 2022 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Gross Loans (dollars in thousands) Commercial $ 16 $ 358 $ 4,403 $ 29,138 $ 33,915 $ 1,320,710 $ 1,354,625 Commercial real estate - 2,894 5,761 29,183 37,838 5,069,544 5,107,382 Commercial construction - - - - - 569,789 569,789 Residential real estate 674 - - 2,435 3,109 246,270 249,379 Consumer - - - - - 1,248 1,248 Total $ 690 $ 3,252 $ 10,164 $ 60,756 $ 74,862 $ 7,207,561 $ 7,282,423 December 31, 2021 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due and Still Accruing Nonaccrual Total Past Due and Nonaccrual Current Gross Loans (dollars in thousands) Commercial $ 4,305 $ 729 $ 4,457 $ 30,062 $ 39,553 $ 1,259,875 $ 1,299,428 Commercial real estate 1,622 1,009 5,935 25,393 33,959 4,707,631 4,741,590 Commercial construction - - - 3,150 3,150 537,028 540,178 Residential real estate 1,437 292 3,139 3,095 7,963 247,306 255,269 Consumer - - - - - 1,886 1,886 Total $ 7,364 $ 2,030 $ 13,531 $ 61,700 $ 84,625 $ 6,753,726 $ 6,838,351 The following tables detail, at the period-end presented, the amount of gross loans (excluding loans held-for-sale) that are evaluated individually, and collectively, for impairment, those acquired with deteriorated quality, and the related portion of the allowance for credit losses that are allocated to each loan portfolio segment: June 30, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated impairment $ 13,671 $ 2,505 $ - $ 88 $ - $ 16,264 Collectively evaluated impairment 12,187 43,136 3,413 3,537 4 62,277 Acquired with deteriorated credit quality individually analyzed 2,277 1,921 - - - 4,198 Total $ 28,135 $ 47,562 $ 3,413 $ 3,625 $ 4 $ 82,739 Gross loans Individually evaluated impairment $ 32,163 $ 59,746 $ 7,177 $ 5,364 $ - $ 104,450 Collectively evaluated impairment 1,317,400 5,041,875 562,612 244,015 1,248 7,167,150 Acquired with deteriorated credit quality individually analyzed 5,062 5,761 - - - 10,823 Total $ 1,354,625 $ 5,107,382 $ 569,789 $ 249,379 $ 1,248 $ 7,282,423 December 31, 2021 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated impairment $ 15,131 $ 955 $ - $ 131 $ - $ 16,217 Collectively evaluated impairment 8,561 42,713 3,580 3,497 7 58,358 Acquired with deteriorated credit quality individually analyzed 2,277 1,921 - - - 4,198 Total $ 25,969 $ 45,589 $ 3,580 $ 3,628 $ 7 $ 78,773 Gross loans Individually evaluated impairment $ 33,726 $ 49,310 $ 13,196 $ 5,717 $ - $ 101,949 Collectively evaluated impairment 1,260,537 4,686,346 526,982 246,413 1,886 6,722,164 Acquired with deteriorated credit quality individually analyzed 5,165 5,934 - 3,139 - 14,238 Total $ 1,299,428 $ 4,741,590 $ 540,178 $ 255,269 $ 1,886 $ 6,838,351 Activity in the Company’s ACL for loans for the three six June 30, 2022 Three Months Ended June 30, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of March 31, 2022 $ 25,459 $ 47,868 $ 3,281 $ 3,455 $ 7 $ - $ 80,070 Charge-offs (292 ) (1 ) - (9 ) - - (302 ) Recoveries - - - 32 - - 32 (Reversal of) provision for credit losses (loans) 2,968 (305 ) 132 147 (3 ) - 2,939 Balance as of June 30, 2022 $ 28,135 $ 47,562 $ 3,413 $ 3,625 $ 4 $ - $ 82,739 Six Months Ended June 30, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2021 $ 25,969 $ 45,589 $ 3,580 $ 3,628 $ 7 $ - $ 78,773 Charge-offs (341 ) (226 ) - (9 ) - - (576 ) Recoveries 1 - - 63 - - 64 (Reversal of) provision for credit losses (loans) 2,506 2,199 (167 ) (57 ) (3 ) - 4,478 Balance as of June 30, 2022 $ 28,135 $ 47,562 $ 3,413 $ 3,625 $ 4 $ - $ 82,739 Activity in the Company’s ACL for loans for the six June 30, 2021 1 December 31, 2020 Three Months Ended June 30, 2021 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of March 31, 2021 $ 26,435 $ 43,897 $ 5,521 $ 4,704 $ 11 $ - $ 80,568 Charge-offs (50 ) (155 ) - (7 ) - - (212 ) Recoveries 13 - - - 1 - 14 (Reversal of) provision for credit losses - loans (831 ) 73 (594 ) (331 ) (3 ) - (1,686 ) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 Six Months Ended June 30, 2021 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of December 31, 2020 $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Day 1 effect of CECL (4,225 ) 9,605 (961 ) 2,697 9 (568 ) 6,557 Balance as of January 1, 2021 as adjusted for changes in accounting principle 24,218 48,935 7,233 5,384 13 - 85,783 Charge-offs (50 ) (155 ) - (7 ) - - (212 ) Recoveries 73 - - - 2 - 75 (Reversal of) provision for credit losses - loans 1,326 (4,965 ) (2,306 ) (1,011 ) (6 ) - (6,962 ) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 Troubled Debt Restructurings Loans are considered to have been modified in a troubled debt restructuring (“TDRs”) when, except as discussed below, due to a borrower’s financial difficulties, the Company makes certain concessions to the borrower that it would not may six may As of June 30, 2022 90 As of June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 The following table presents loans by class modified as TDRs that occurred during the six June 30, 2022 Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment (dollars in thousands) Troubled debt restructurings: Commercial 1 $ 98 $ 98 Commercial real estate 1 8,751 8,251 Total 2 $ 8,849 $ 8,349 The commercial loan modified as a TDR during the six June 30, 2022 six June 30, 2022 one There were no TDRs for which there was a payment default within twelve three six June 30, 2022 June 30, 2021 The following table presents loans by class modified as TDRs that occurred during the six June 30, 2021: Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment (dollars in thousands) Troubled debt restructurings: Commercial 3 $ 631 $ 631 Commercial real estate 3 8,603 8,603 Commercial construction 1 1,641 1,641 Residential real estate 3 1,758 1,758 Total 10 $ 12,633 $ 12,633 The ten six June 30, 2021 nine Allowance for Credit Losses for Unfunded Commitments The Company has recorded an ACL for unfunded credit commitments, which was recorded in other liabilities. The provision is recorded within the (reversal of) provision for credit losses on the Company’s income statement. The following table presents a rollforward of the allowance for credit losses for unfunded commitments for the three six June 30, 2022 2021 Three Months Ended Three Months Ended June 30, June 30, 2022 2021 (dollars in thousands) Balance at beginning of period $ 2,262 $ 2,343 Provision for credit losses - unfunded commitments 61 37 Balance at end of period $ 2,323 $ 2,380 Six Months Ended Six Months Ended June 30, June 30, 2022 2021 (dollars in thousands) Balance at beginning of period $ 2,351 $ - Day 1 Effect of CECL - 2,833 Reversal of credit losses - unfunded commitments (28 ) (453 ) Balance at end of period $ 2,323 $ 2,380 Components of (Reversal of) Provision for Credit Losses The following table summarizes the (reversal of) provision for credit losses for the three six June 30, 2022 2021 Three Months Ended Three Months Ended June 30, June 30, 2022 2021 (dollars in thousands) Provision for (reversal of) credit losses (loans) $ 2,939 $ (1,686 ) (Reversal of) provision for credit losses - unfunded commitments 61 37 Provision for (Reversal of) credit losses $ 3,000 $ (1,649 ) Six Months Ended Six Months Ended June 30, June 30, 2022 2021 (dollars in thousands) Provision for (reversal of) credit losses (loans) $ 4,478 $ (6,962 ) Reversal of credit losses - unfunded commitments (28 ) (453 ) Provision for (reversal of) credit losses $ 4,450 $ (7,415 ) |