Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5. Loans Receivable September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 (dollars in thousands) Commercial (1) $ 1,448,727 $ 1,299,428 Commercial real estate 5,666,848 4,741,590 Commercial construction 537,323 540,178 Residential real estate 256,085 255,269 Consumer 1,030 1,886 Gross loans 7,910,013 6,838,351 Net deferred loan fees (9,563 ) (9,729 ) Total loans receivable $ 7,900,450 $ 6,828,622 ( 1 Includes PPP loans of $11.5 million and $93.1 million as of September 30, 2022 December 31, 2021 As of September 30, 2022 December 31, 2021 Loans held-for-sale - September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 (dollars in thousands) Commercial real estate $ 8,080 $ - Residential real estate - 250 Total carrying amount $ 8,080 $ 250 Loans Receivable on Nonaccrual Status - September 30, 2022 December 31, 2021 September 30, 2022 Nonaccrual loans with ACL Nonaccrual loans without ACL Total nonaccrual loans (dollars in thousands) Commercial $ 25,657 $ 1,201 $ 26,858 Commercial real estate 21,511 6,627 28,138 Residential real estate 623 1,828 2,451 Total $ 47,791 $ 9,656 $ 57,447 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 Total $ 45,347 $ 16,353 $ 61,700 Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and loans individually evaluated for impairment. 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 September 30, 2022 Term loans amortized cost basis by origination year 2022 2021 2020 2019 2018 Prior Revolving Loans Total Gross Loans Commercial Pass $ 248,673 $ 311,005 $ 50,801 $ 31,402 $ 54,872 $ 164,539 $ 532,643 $ 1,393,935 Special mention - - - 588 - 3,556 3,301 7,445 Substandard 7,636 152 17 2,023 11,190 22,639 3,690 47,347 Doubtful - - - - - - - - Total Commercial $ 256,309 $ 311,157 $ 50,818 $ 34,013 $ 66,062 $ 190,734 $ 539,634 $ 1,448,727 Commercial Real Estate Pass $ 1,386,412 $ 1,617,355 $ 387,135 $ 364,220 $ 384,288 $ 1,033,994 $ 370,982 $ 5,544,386 Special mention - - - 1,317 - 41,841 8,883 52,041 Substandard - 1,939 4,500 12,517 19,314 23,984 8,167 70,421 Doubtful - - - - - - - - Total Commercial Real Estate $ 1,386,412 $ 1,619,294 $ 391,635 $ 378,054 $ 403,602 $ 1,099,819 $ 388,032 $ 5,666,848 Commercial Construction Pass $ 2,056 $ 7,605 $ 7,320 $ 508 $ - $ - $ 512,107 $ 529,596 Special mention - - - - - - - - Substandard - - - - - - 7,727 7,727 Doubtful - - - - - - - - Total Commercial Construction $ 2,056 $ 7,605 $ 7,320 $ 508 $ - $ - $ 519,834 $ 537,323 Residential Pass $ 34,852 $ 25,487 $ 25,292 $ 21,732 $ 20,493 $ 80,042 $ 41,104 $ 249,002 Special mention - - - - - - - - Substandard - - - - - 3,509 3,574 7,083 Doubtful - - - - - - - - Total Residential Real Estate $ 34,852 $ 25,487 $ 25,292 $ 21,732 $ 20,493 $ 83,551 $ 44,678 $ 256,085 Consumer Pass $ 903 $ - $ 10 $ - $ 5 $ 1 $ 111 $ 1,030 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 903 $ - $ 10 $ - $ 5 $ 1 $ 111 $ 1,030 Total Pass $ 1,672,896 $ 1,961,452 $ 470,558 $ 417,862 $ 459,658 $ 1,278,576 $ 1,456,947 $ 7,717,949 Special mention - - - 1,905 - 45,397 12,184 59,486 Substandard 7,636 2,091 4,517 14,540 30,504 50,132 23,158 132,578 Doubtful - - - - - - - - Grand Total $ 1,680,532 $ 1,963,543 $ 475,075 $ 434,307 $ 490,162 $ 1,374,105 $ 1,492,289 $ 7,910,013 The following table presents loans by origination and risk designation as of December 31, 2021 Term loans amortized cost basis by origination year 2021 2020 2019 2018 8.5 Prior Revolving Loans Total 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 September 30, 2022 December 31, 2021 September 30, 2022 Real Estate Other Total (dollars in thousands) Commercial $ 5,446 $ 23,449 $ 28,895 Commercial real estate 64,718 - 64,718 Commercial construction 7,727 - 7,727 Residential real estate 5,634 - 5,634 Consumer - - - Total $ 83,525 $ 23,449 $ 106,974 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 - September 30, 2022 December 31, 2021 September 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 $ 171 $ 13 $ 4,392 $ 26,858 $ 31,434 $ 1,417,293 $ 1,448,727 Commercial real estate - - 5,676 28,138 33,814 5,633,034 5,666,848 Commercial construction - - - - - 537,323 537,323 Residential real estate 671 - - 2,451 3,122 252,963 256,085 Consumer - - - - - 1,030 1,030 Total $ 842 $ 13 $ 10,068 $ 57,447 $ 68,370 $ 7,841,643 $ 7,910,013 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: September 30, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated impairment $ 10,600 $ 3,235 $ - $ 76 $ - $ 13,911 Collectively evaluated impairment 16,812 49,370 3,444 3,977 5 73,608 Acquired with deteriorated credit quality individually analyzed 2,277 1,921 - - - 4,198 Total $ 29,689 $ 54,526 $ 3,444 $ 4,053 $ 5 $ 91,717 Gross loans Individually evaluated impairment $ 29,482 $ 59,042 $ 7,727 $ 5,634 $ - $ 101,885 Collectively evaluated impairment 1,414,286 5,602,130 529,596 250,451 1,030 7,797,493 Acquired with deteriorated credit quality individually analyzed 4,959 5,676 - - - 10,635 Total $ 1,448,727 $ 5,666,848 $ 537,323 $ 256,085 $ 1,030 $ 7,910,013 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 nine September 30, 2022 Three Months Ended September 30, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of June 30, 2022 $ 28,135 $ 47,562 $ 3,413 $ 3,625 $ 4 $ - $ 82,739 Charge-offs (410 ) - - - (3 ) - (413 ) Recoveries 53 - - - - - 53 Provision for credit losses - loans 1,911 6,964 31 428 4 - 9,338 Balance as of September 30, 2022 $ 29,689 $ 54,526 $ 3,444 $ 4,053 $ 5 $ - $ 91,717 Nine Months Ended September 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 (751 ) (226 ) - (9 ) (3 ) - (989 ) Recoveries 54 - - 63 - - 117 Provision for credit losses - loans 4,417 9,163 (136 ) 371 1 - 13,816 Balance as of September 30, 2022 $ 29,689 $ 54,526 $ 3,444 $ 4,053 $ 5 $ - $ 91,717 Activity in the Company’s ACL for loans for the three nine September 30, 2021 1 nine September 30, 2021 December 31, 2020 Three Months Ended September 30, 2021 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of June 30, 2021 $ 25,567 $ 43,815 $ 4,927 $ 4,366 $ 9 $ - $ 78,684 Charge-offs (254 ) (1,473 ) - - - - (1,727 ) Recoveries 1 85 - 20 7 - 113 (Reversal of) provision for credit losses - loans 2,022 915 (1,225 ) (788 ) (8 ) - 916 Balance as of September 30, 2021 $ 27,336 $ 43,342 $ 3,702 $ 3,598 $ 8 $ - $ 77,986 Nine Months Ended September 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 (304 ) (1,628 ) - (7 ) - - (1,939 ) Recoveries 74 85 - 20 9 - 188 (Reversal of) provision for credit losses - loans 3,348 (4,050 ) (3,531 ) (1,799 ) (14 ) - (6,046 ) Balance as of September 30, 2021 $ 27,336 $ 43,342 $ 3,702 $ 3,598 $ 8 $ - $ 77,986 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 September 30, 2022 90 As of September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 The following table presents loans by class modified as TDRs that occurred during the nine September 30, 2022 Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment (dollars in thousands) Troubled debt restructurings: Commercial 2 $ 633 $ 633 Commercial real estate 2 9,043 8,543 Residential real estate 2 399 399 Total 6 $ 10,075 $ 9,575 The loans modified as a TDR during the nine September 30, 2022 five one one one There were no TDRs for which there was a payment default within twelve three nine September 30, 2022 September 30, 2021 The following table presents loans by class modified as TDRs that occurred during the nine September 30, 2021 Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment (dollars in thousands) Troubled debt restructurings: Commercial 4 $ 1,276 $ 1,276 Commercial real estate 10 35,595 35,595 Commercial construction 1 1,641 1,641 Residential real estate 3 1,758 1,758 Total 18 $ 40,270 $ 40,270 The loans modified as TDRs during the nine September 30, 2021 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 provision for (reversal of) 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 nine September 30, 2022 2021 Three Months Ended Three Months Ended September 30, September 30, 2022 2021 (dollars in thousands) Balance at beginning of period $ 2,324 $ 2,380 Provision for credit losses - unfunded commitments 662 184 Balance at end of period $ 2,986 $ 2,564 Nine Months Ended Nine Months Ended September 30, September 30, 2022 2021 (dollars in thousands) Balance at beginning of period $ 2,352 $ - Day 1 Effect of CECL - 2,833 Provision for (reversal of) credit losses - unfunded commitments 634 (269 ) Balance at end of period $ 2,986 $ 2,564 Components of (Reversal of) Provision for Credit Losses The following table summarizes the provision for (reversal of) credit losses for the three nine September 30, 2022 2021 Three Months Ended Three Months Ended September 30, September 30, 2022 2021 (dollars in thousands) Provision for credit losses - loans $ 9,338 $ 916 Provision for credit losses - unfunded commitments 662 184 Provision for credit losses $ 10,000 $ 1,100 Nine Months Ended Nine Months Ended September 30, September 30, 2022 2021 (dollars in thousands) Provision for (reversal of) credit losses - loans $ 13,816 $ (6,046 ) Provision for (reversal of) credit losses - unfunded commitments 634 (269 ) Provision for (reversal of) credit losses $ 14,450 $ (6,315 ) |