Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 Loans and the Allowance for Credit Losses Loans Receivable: December 31, 2022 December 31, 2021 2022 2021 (dollars in thousands) Commercial (1) $ 1,472,734 $ 1,299,428 Commercial real estate 5,795,228 4,741,590 Commercial construction 574,139 540,178 Residential real estate 264,748 255,269 Consumer 2,312 1,886 Gross loans 8,109,161 6,838,351 Net deferred fees (9,472 ) (9,729 ) Loans receivable $ 8,099,689 $ 6,828,622 ( 1 Included in commercial loans as of December 31, 2022 December 31, 2021 100% not As of December 31, 2022 2021 The loan segments in the above table have unique risk characteristics with respect to credit quality: • The repayment of commercial loans is generally dependent on the creditworthiness and cash flow of borrowers, and if applicable, guarantors, which may not may • Payment on commercial real estate is driven principally by operating results of the managed properties or underlying business and secondarily by the sale or refinance of such properties. Both primary and secondary sources of repayment, and value of the properties in liquidation, may • Properties underlying construction, land and land development loans often do not • The ability of borrowers to service debt in the residential and consumer loan portfolios is generally subject to personal income which may first second may • The Company considers loan classes and loan segments to be one Loans Held-For-Sale December 31, 2022 December 31, 2021 2022 2021 (dollars in thousands) Commercial $ 13,473 $ - Residential real estate 299 250 Total carrying amount $ 13,772 $ 250 Loans Receivable on Nonaccrual Status December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021: December 31, 2022 Nonaccrual loans with ACL Nonaccrual loans without ACL Total Nonaccrual loans (dollars in thousands) Commercial $ 23,512 $ 1,745 $ 25,257 Commercial real estate 10,220 6,597 16,817 Residential real estate 604 1,776 2,380 Total $ 34,336 $ 10,118 $ 44,454 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. As of December 31, 2022 Term loans amortized cost basis by origination year Revolving Total 2022 2021 2020 2019 2018 Prior Loans Gross Loans Commercial Pass $ 301,636 $ 305,721 $ 47,952 $ 28,177 $ 52,950 $ 127,739 $ 550,483 $ 1,414,658 Special mention - - - 583 26 8,551 3,292 12,452 Substandard 7,615 146 15 1,769 11,214 22,596 2,269 45,624 Doubtful - - - - - - - - Total Commercial $ 309,251 $ 305,867 $ 47,967 $ 30,529 $ 64,190 $ 158,886 $ 556,044 $ 1,472,734 Commercial Real Estate Pass $ 1,571,751 $ 1,608,023 $ 382,987 $ 358,578 $ 375,886 $ 987,982 $ 401,365 $ 5,686,572 Special mention 3,040 - - - - 37,774 8,839 49,653 Substandard - 1,929 - 6,526 19,138 23,287 8,123 59,003 Doubtful - - - - - - - - Total Commercial Real Estate $ 1,574,791 $ 1,609,952 $ 382,987 $ 365,104 $ 395,024 $ 1,049,043 $ 418,327 $ 5,795,228 Commercial Construction Pass $ 8,615 $ 7,605 $ 6,720 $ 508 $ - $ - $ 542,460 $ 565,908 Special mention - - - - - - - - Substandard - - - - - - 8,231 8,231 Doubtful - - - - - - - - Total Commercial Construction $ 8,615 $ 7,605 $ 6,720 $ 508 $ - $ - $ 550,691 $ 574,139 Residential Real Estate Pass $ 45,926 $ 25,318 $ 24,409 $ 21,557 $ 20,284 $ 78,314 $ 41,468 $ 257,276 Special mention - - - - - - - - Substandard - - - - - 3,379 4,093 7,472 Doubtful - - - - - - - - Total Residential Real Estate $ 45,926 $ 25,318 $ 24,409 $ 21,557 $ 20,284 $ 81,693 $ 45,561 $ 264,748 Consumer Pass $ 2,219 $ - $ 9 $ - $ - $ 2 $ 82 $ 2,312 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 2,219 $ - $ 9 $ - $ - $ 2 $ 82 $ 2,312 Total Pass $ 1,930,147 $ 1,946,667 $ 462,077 $ 408,820 $ 449,120 $ 1,194,037 $ 1,535,858 $ 7,926,726 Special mention 3,040 - - 583 26 46,325 12,131 62,105 Substandard 7,615 2,075 15 8,295 30,352 49,262 22,716 120,330 Doubtful - - - - - - - - Grand Total $ 1,940,802 $ 1,948,742 $ 462,092 $ 417,698 $ 479,498 $ 1,289,624 $ 1,570,705 $ 8,109,161 As of December 31, 2021, Revolving Total 2021 2020 2019 2018 2017 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 December 31, 2022 2021: December 31, 2022 Real Estate Other Total (dollars in thousands) Commercial $ 5,352 $ 22,517 $ 27,869 Commercial real estate 52,477 - 52,477 Commercial construction 8,232 - 8,232 Residential real estate 5,864 - 5,864 Total $ 71,925 $ 22,517 $ 94,442 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 Total $ 83,681 $ 26,182 $ 109,863 Aging Analysis December 31, 2022 December 31, 2021 December 31, 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 Commercial $ 306 $ - $ - $ 25,257 $ 25,563 $ 1,447,171 $ 1,472,734 Commercial real Estate 90 - 5,591 16,817 22,498 5,772,730 5,795,228 Commercial construction - - - - - 574,139 574,139 Residential real Estate 1,569 - - 2,380 3,949 260,799 264,748 Consumer - - - - - 2,312 2,312 Total $ 1,965 $ - $ 5,591 $ 44,454 $ 52,010 $ 8,057,151 $ 8,109,161 The 90 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 Total Loans Receivable 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 90 The following tables detail the amount of gross loans that are individually evaluated for impairment, collectively evaluated for impairment, and loans acquired with deteriorated quality, and the related portion of the allowance for credit losses for loans that are allocated to each loan portfolio segment. December 31, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated $ 7,426 $ 1,003 $ - $ 50 $ - $ 8,479 Collectively evaluated 19,319 50,818 3,718 4,093 7 77,955 Acquired with deteriorated credit quality individually analyzed 2,158 1,921 - - - 4,079 Total $ 28,903 $ 53,742 $ 3,718 $ 4,143 $ 7 $ 90,513 Gross loans Individually evaluated $ 30,994 $ 46,886 $ 8,232 $ 5,864 $ - $ 91,976 Collectively evaluated 1,436,866 5,742,751 565,907 258,884 2,312 8,006,720 Acquired with deteriorated credit quality individually analyzed 4,874 5,591 - - - 10,465 Total $ 1,472,734 $ 5,795,228 $ 574,139 $ 264,748 $ 2,312 $ 8,109,161 December 31, 2021 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated $ 15,131 $ 955 $ - $ 131 $ - $ 16,217 Collectively evaluated 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 $ 33,726 $ 49,310 $ 13,196 $ 5,717 $ - $ 101,949 Collectively evaluated 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 A summary of the activity in the allowance for credit losses for loans by loan segment is as follows: Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of January 1, 2022 $ 25,969 $ 45,589 $ 3,580 $ 3,628 $ 7 $ - $ 78,773 Charge-offs (2,612 ) (2,819 ) - (9 ) (3 ) - (5,443 ) Recoveries 54 - - 63 - - 117 Provision for credit losses 5,492 10,972 138 461 3 - 17,066 Balance as of December 31, 2022 $ 28,903 $ 53,742 $ 3,718 $ 4,143 $ 7 $ - $ 90,513 On January 1, 2021, not not Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of January 1, 2021 $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Day 1 Adjustment CECL (4,225 ) 9,605 (961 ) 2,697 9 (568 ) 6,557 Balance as of January 1, 2021 24,218 48,935 7,233 5,384 13 - 85,783 Charge-offs (382 ) (1,780 ) - (235 ) - - (2,397 ) Recoveries 289 85 - 20 11 - 405 Provision for (reversal of) credit losses 1,844 (1,651 ) (3,653 ) (1,541 ) (17 ) - (5,018 ) Balance as of December 31, 2021 $ 25,969 $ 45,589 $ 3,580 $ 3,628 $ 7 $ - $ 78,773 Commercial Commercial real estate Commercial construction Residential real estate Consumer Unallocated Total (dollars in thousands) Balance as of January 1, 2020 $ 8,349 $ 20,853 $ 7,304 $ 1,685 $ 3 $ 99 $ 38,293 Charge-offs (552 ) - - (341 ) (7 ) - (900 ) Recoveries 4 802 - 23 4 - 833 Provision for loan losses 20,642 17,675 890 1,320 4 469 41,000 Balance as of December 31, 2020 $ 28,443 $ 39,330 $ 8,194 $ 2,687 $ 4 $ 568 $ 79,226 Troubled Debt Restructurings Loans are considered to have been modified in a troubled debt restructuring (“TDR”) 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 nine may As of December 31, 2022 90 As of December 31, 2022, December 31, 2021, December 31, 2022 December 31, 2021, twelve December 31, 2022, 2021 2020. The following table presents loans by class modified as TDRs during the year ended December 31, 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 3 12,083 11,583 Residential real estate 3 949 949 Total 8 $ 13,665 $ 13,165 The loans modified as TDRs during the year ended December 31, 2022 one eight December 31, 2022 The following table presents loans by class modified as TDRs during the year ended December 31, 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 11 35,635 35,635 Commercial construction 1 1,641 1,641 Residential real estate 3 1,758 1,758 Total 19 $ 40,310 $ 40,310 The loans modified as TDRs during the year ended December 31, 2021 The following table presents loans by class modified as TDRs during the year ended December 31, 2020 Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment (dollars in thousands) Troubled debt restructurings: Commercial 1 $ 188 $ 188 Commercial real estate 1 93 93 Commercial construction 1 4,021 4,021 Residential real estate 2 2,184 2,184 Total 5 $ 6,486 $ 6,486 The five December 31, 2020 Allowance for Credit Losses for Unfunded Commitments The Company has recorded an ACL for unfunded credit commitments, which is 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 the allowance for credit losses for unfunded commitments for the year ended December 31, 2022 2021 2022 2021 Balance as of beginning of period $ 2,351 $ - Day 1 Effect of CECL - 2,833 Provision for (reversal of) credit losses - unfunded commitments 684 (482 ) Balance as of end of period $ 3,035 $ 2,351 Components of (Reversal of) Provision for Credit Losses The following table summarizes the provision for (reversal of) provision for credit losses for the year ended December 31, 2022 2021 2022 2021 Provision for (reversal of) credit losses - loans $ 17,066 $ (5,018 ) Provision for (reversal of) credit losses - unfunded commitments 684 (482 ) Provision for (reversal of) credit losses $ 17,750 $ (5,500 ) |