Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5. Loans Receivable September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 (dollars in thousands) Commercial $ 1,475,571 $ 1,472,734 Commercial real estate 5,837,539 5,795,228 Commercial construction 622,748 574,139 Residential real estate 251,416 264,748 Consumer 936 2,312 Gross loans 8,188,210 8,109,161 Net deferred loan fees (7,101 ) (9,472 ) Total loans receivable $ 8,181,109 $ 8,099,689 As of September 30, 2023 December 31, 2022 Loans held-for-sale - September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 (dollars in thousands) Commercial real estate $ - $ 13,473 Residential real estate - 299 Total carrying amount $ - $ 13,772 Loans Receivable on Nonaccrual Status - September 30, 2023 December 31, 2022 September 30, 2023 Nonaccrual loans with ACL Nonaccrual loans without ACL Total nonaccrual loans (dollars in thousands) Commercial $ 21,604 $ 555 $ 22,159 Commercial real estate 70 29,754 29,824 Residential real estate 806 3,270 4,076 Total $ 22,480 $ 33,579 $ 56,059 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 Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated and individually evaluated. 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, 2023 Term loans amortized cost basis by origination year 2023 2022 2021 2020 2019 Prior Revolving Loans Total Gross Loans Commercial Pass $ 146,241 $ 259,603 $ 271,580 $ 41,459 $ 13,749 $ 119,592 $ 590,667 $ 1,442,891 Special mention - 337 86 - 567 3,445 3,989 8,424 Substandard 304 1,316 163 4 1,551 19,559 1,359 24,256 Doubtful - - - - - - - - Total Commercial $ 146,545 $ 261,256 $ 271,829 $ 41,463 $ 15,867 $ 142,596 $ 596,015 $ 1,475,571 Commercial Real Estate Pass $ 170,541 $ 1,572,880 $ 1,581,212 $ 356,251 $ 355,665 $ 1,269,678 $ 462,573 $ 5,768,800 Special mention - - - - - 26,421 - 26,421 Substandard - - 1,899 - 2,625 20,964 16,830 42,318 Doubtful - - - - - - - - Total Commercial Real Estate $ 170,541 $ 1,572,880 $ 1,583,111 $ 356,251 $ 358,290 $ 1,317,063 $ 479,403 $ 5,837,539 Commercial Construction Pass $ 582 $ 5,693 $ 15,682 $ 6,236 $ - $ - $ 585,855 $ 614,048 Special mention - - - - - - - - Substandard - - - - - - 8,700 8,700 Doubtful - - - - - - - - Total Commercial Construction $ 582 $ 5,693 $ 15,682 $ 6,236 $ - $ - $ 594,555 $ 622,748 Residential Pass $ 8,009 $ 43,048 $ 23,247 $ 21,863 $ 20,059 $ 92,966 $ 34,663 $ 243,855 Special mention - - - - - 655 2,830 3,485 Substandard - - 563 438 - 2,520 555 4,076 Doubtful - - - - - - - - Total Residential Real Estate $ 8,009 $ 43,048 $ 23,810 $ 22,301 $ 20,059 $ 96,141 $ 38,048 $ 251,416 Consumer Pass $ 747 $ 96 $ - $ 6 $ - $ - $ 87 $ 936 Special mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 747 $ 96 $ - $ 6 $ - $ - $ 87 $ 936 Total Pass $ 326,120 $ 1,881,320 $ 1,891,721 $ 425,815 $ 389,473 $ 1,482,236 $ 1,673,845 $ 8,070,530 Special mention - 337 86 - 567 30,521 6,819 38,330 Substandard 304 1,316 2,625 442 4,176 43,043 27,444 79,350 Doubtful - - - - - - - - Grand Total $ 326,424 $ 1,882,973 $ 1,894,432 $ 426,257 $ 394,216 $ 1,555,800 $ 1,708,108 $ 8,188,210 The following table presents loans by origination and risk designation as of December 31, 2022 Term loans amortized cost basis by origination year 2022 2021 2020 2019 2018 Prior Revolving Loans Total 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 Collateral Dependent Loans September 30, 2023 December 31, 2022 September 30, 2023 Real Estate Other Total (dollars in thousands) Commercial $ 4,891 $ 14,719 $ 19,610 Commercial real estate 41,636 - 41,636 Commercial construction 8,700 - 8,700 Residential real estate 6,755 - 6,755 Total $ 61,982 $ 14,719 $ 76,701 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 Aging Analysis - September 30, 2023 December 31, 2022: September 30, 2023 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 $ 433 $ 1,979 $ - $ 22,159 $ 24,571 $ 1,451,000 $ 1,475,571 Commercial real estate - 597 - 29,824 30,421 5,807,118 5,837,539 Commercial construction - - - - - 622,748 622,748 Residential real estate 227 - - 4,076 4,303 247,113 251,416 Consumer - 254 - - 254 682 936 Total $ 660 $ 2,830 $ - $ 56,059 $ 59,549 $ 8,128,661 $ 8,188,210 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 (dollars in thousands) 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 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, 2023 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated impairment $ 7,685 $ 661 $ - $ - $ - $ 8,346 Collectively evaluated impairment 19,433 52,072 3,909 3,732 5 79,151 Acquired with deteriorated credit quality individually analyzed 733 - - - - 733 Total $ 27,851 $ 52,733 $ 3,909 $ 3,732 $ 5 $ 88,230 Gross loans Individually evaluated impairment $ 24,676 $ 41,636 $ 8,700 $ 6,755 $ - $ 81,767 Collectively evaluated impairment 1,450,405 5,795,903 614,048 244,661 936 8,105,953 Acquired with deteriorated credit quality individually analyzed 490 - - - - 490 Total $ 1,475,571 $ 5,837,539 $ 622,748 $ 251,416 $ 936 $ 8,188,210 December 31, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Allowance for credit losses - loans Individually evaluated impairment $ 7,426 $ 1,003 $ - $ 50 $ - $ 8,479 Collectively evaluated impairment 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 impairment $ 30,994 $ 46,886 $ 8,232 $ 5,864 $ - $ 91,976 Collectively evaluated impairment 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 Activity in the Company’s ACL for loans for the three nine September 30, 2023 Three Months Ended September 30, 2023 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Balance as of June 30, 2023 $ 29,326 $ 52,509 $ 3,546 $ 3,819 $ 5 $ 89,205 Charge-offs (2,250 ) (237 ) - - - (2,487 ) Recoveries - - - 1 7 8 Provision for (reversal of) credit losses - loans 775 461 363 (88 ) (7 ) 1,504 Balance as of September 30, 2023 $ 27,851 $ 52,733 $ 3,909 $ 3,732 $ 5 $ 88,230 Nine Months Ended September 30, 2023 Commercial Commercial real estate Commercial construction Residential real estate Consumer Total (dollars in thousands) Balance as of December 31, 2022 $ 28,903 $ 53,742 $ 3,718 $ 4,143 $ 7 $ 90,513 Charge-offs (6,117 ) (1,954 ) - (18 ) - (8,089 ) Recoveries 9 - - 69 7 85 Provision for (reversal of) credit losses - loans 5,056 945 191 (462 ) (9 ) 5,721 Balance as of September 30, 2023 $ 27,851 $ 52,733 $ 3,909 $ 3,732 $ 5 $ 88,230 Three Months Ended September 30, 2022 Commercial Commercial real estate Commercial construction Residential real estate Consumer 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 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 (reversal of) 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 Loan Modifications to Borrowers Experiencing Financial Difficulty: The Company adopted Accounting Standards Update (“ASU”) 2022 02, 326 2022 02” January 1, 2023. 2022 02 The following table presents the amortized cost basis at the end of the reporting period of the loan modifications to borrowers experiencing financial difficulty: Nine Months Ended September 30, 2023 Term Extension % of Portfolio (dollars in thousands) Commercial $ 44 0.00 % Commercial real estate 211 0.00 % The above table consists of loans that added a weighted average of 13 not The following table presents the performance of loans that have been modified in the last twelve September 30, 2023 Current Past Due 30-89 Days Past Due 90 Days or More (dollars in thousands) Commercial $ 44 $ - $ - Commercial real estate 211 - - There were no loans to borrowers experiencing financial difficulty that had a payment default during the nine September 30, 2023 twelve 90 Troubled debt restructurings: Information on loan modifications prior to the adoption of ASU 2022 02 January 1, 2023 nine September 30, 2022, one one one 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 roll forward of the allowance for credit losses for unfunded commitments for the three nine September 30, 2023 2022 Three Months Ended Three Months Ended September 30, September 30, 2023 2022 (dollars in thousands) Balance at beginning of period $ 2,819 $ 2,324 (Reversal of) provision for credit losses - unfunded commitments (4 ) 662 Balance at end of period $ 2,815 $ 2,986 Nine Months Ended Nine Months Ended September 30, September 30, 2023 2022 (dollars in thousands) Balance at beginning of period $ 3,036 $ 2,352 (Reversal of) provision for credit losses - unfunded commitments (221 ) 634 Balance at end of period $ 2,815 $ 2,986 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, 2023 2022 Three Months Ended Three Months Ended September 30, September 30, 2023 2022 (dollars in thousands) Provision for credit losses – loans $ 1,504 $ 9,338 (Reversal of) provision for credit losses - unfunded commitments (4 ) 662 Provision for credit losses $ 1,500 $ 10,000 Nine Months Ended Nine Months Ended September 30, September 30, 2023 2022 (dollars in thousands) Provision for credit losses – loans $ 5,721 $ 13,816 (Reversal of) provision for credit losses - unfunded commitments (221 ) 634 Provision for credit losses $ 5,500 $ 14,450 |