Loans | Note 6 — Loans The following is a summary of total loans: March 31, December 31, (Dollars in thousands) 2023 2022 Loans: Construction and land development (1) $ 2,749,290 $ 2,860,360 Commercial non-owner occupied 8,236,216 8,072,959 Commercial owner occupied real estate 5,522,514 5,460,193 Consumer owner occupied (2) 5,528,546 5,162,042 Home equity loans 1,332,285 1,313,168 Commercial and industrial 5,321,306 5,313,483 Other income producing property 721,291 696,242 Consumer 1,277,549 1,278,426 Other loans 7,145 20,989 Total loans 30,696,142 30,177,862 Less allowance for credit losses (370,645) (356,444) Loans, net $ 30,325,497 $ 29,821,418 (1) Construction and land development includes loans for both commercial construction and development, as well as loans for 1-4 family construction and lot loans. (2) Consumer owner occupied real estate includes loans on both 1-4 family owner occupied property, as well as loans collateralized by 1-4 family owner occupied property with a business intent. The above table reflects the loan portfolio at the amortized cost basis for the periods March 31, 2023 and December 31, 2022, to include net deferred costs of $55.3 million and $49.7 million, respectively, and unamortized discount total related to loans acquired of $64.7 million and $72.1 million, respectively. Accrued interest receivables of The Company purchased loans through its acquisition of ACBI, for which there was, at acquisition, evidence of more than an insignificant deterioration of credit quality since origination. The carrying amount of those loans, at acquisition, is as follows: (Dollars in thousands) March 1, 2022 Book value of acquired loans at acquisition $ 137,874 Allowance for credit losses at acquisition (13,758) Non-credit discount at acquisition (5,943) Carrying value or book value of acquired loans at acquisition $ 118,173 As part of the ongoing monitoring of the credit quality of our loan portfolio, management tracks certain credit quality indicators, including trends related to (i) the level of classified loans, (ii) net charge-offs, (iii) non-performing loans (see details below), and (iv) the general economic conditions of the markets that we serve. The Company utilizes a risk grading matrix to assign a risk grade to each commercial loan. Classified loans are assessed at a minimum every six months. A description of the general characteristics of the risk grades is as follows: ● Pass —These loans range from minimal credit risk to average, however, still acceptable credit risk. ● Special mention —A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the institution’s credit position at some future date. ● Substandard —A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that may jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. ● Doubtful —A doubtful loan has all of the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable. Construction and land development loans in the following table are on commercial and speculative real estate. Consumer owner occupied loans are collateralized by 1-4 family owner occupied property with a business intent. The following tables present the credit risk profile by risk grade of commercial loans by origination year as of March 31, 2023 and December 31, 2022: Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction and land development Risk rating: Pass $ 65,979 $ 898,029 $ 602,843 $ 109,487 $ 34,046 $ 33,860 $ 75,139 $ 1,819,383 Special mention — 2,022 1,193 264 20,255 7,671 — 31,405 Substandard 1,518 139 164 9 1,334 1,590 — 4,754 Doubtful — — — — — 6 — 6 Total Construction and land development $ 67,497 $ 900,190 $ 604,200 $ 109,760 $ 55,635 $ 43,127 $ 75,139 $ 1,855,548 Construction and land development Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial non-owner occupied Risk rating: Pass $ 144,211 $ 2,339,057 $ 1,964,957 $ 799,333 $ 892,806 $ 1,834,435 $ 89,240 $ 8,064,039 Special mention 95 9,442 708 12,167 5,423 60,130 — 87,965 Substandard 2,875 5,697 38,180 1,405 10,164 25,637 253 84,211 Doubtful — — 1 — — — — 1 Total Commercial non-owner occupied $ 147,181 $ 2,354,196 $ 2,003,846 $ 812,905 $ 908,393 $ 1,920,202 $ 89,493 $ 8,236,216 Commercial non-owner occupied Current-period gross charge-offs $ — $ — $ 51 $ — $ — $ — $ — $ 51 Commercial Owner Occupied Risk rating: Pass $ 165,248 $ 1,052,756 $ 1,154,709 $ 712,735 $ 702,606 $ 1,437,016 $ 70,057 $ 5,295,127 Special mention 342 3,576 24,689 3,285 4,397 37,842 1,020 75,151 Substandard 1,916 14,645 34,913 19,882 12,394 68,401 80 152,231 Doubtful — — — 1 — 4 — 5 Total commercial owner occupied $ 167,506 $ 1,070,977 $ 1,214,311 $ 735,903 $ 719,397 $ 1,543,263 $ 71,157 $ 5,522,514 Commercial owner occupied Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Risk rating: Pass $ 417,089 $ 1,349,157 $ 807,583 $ 478,312 $ 253,680 $ 514,686 $ 1,354,618 $ 5,175,125 Special mention 533 6,705 4,488 702 1,698 4,791 23,114 42,031 Substandard 2,464 4,025 27,306 5,574 6,359 13,109 45,274 104,111 Doubtful 1 2 17 1 — 16 2 39 Total commercial and industrial $ 420,087 $ 1,359,889 $ 839,394 $ 484,589 $ 261,737 $ 532,602 $ 1,423,008 $ 5,321,306 Commercial and industrial Current-period gross charge-offs $ 2 $ 1,097 $ 160 $ 14 $ 149 $ 280 $ 104 $ 1,806 Other income producing property Risk rating: Pass $ 14,839 $ 161,959 $ 107,741 $ 58,591 $ 45,660 $ 142,437 $ 49,887 $ 581,114 Special mention 80 603 859 1,007 337 3,387 2,076 8,349 Substandard — 842 900 294 236 7,081 614 9,967 Doubtful — 397 — — — 6 — 403 Total other income producing property $ 14,919 $ 163,801 $ 109,500 $ 59,892 $ 46,233 $ 152,911 $ 52,577 $ 599,833 Other income producing property Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer owner occupied Risk rating: Pass $ 1,349 $ 4,740 $ 3,117 $ 1,720 $ 382 $ 467 $ 17,524 $ 29,299 Special mention — 528 19 132 281 — — 960 Substandard — 7 94 931 1,601 193 151 2,977 Doubtful — — — — — 1 — 1 Total Consumer owner occupied $ 1,349 $ 5,275 $ 3,230 $ 2,783 $ 2,264 $ 661 $ 17,675 $ 33,237 Consumer owner occupied Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Other loans Risk rating: Pass $ 7,145 $ — $ — $ — $ — $ — $ — $ 7,145 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total other loans $ 7,145 $ — $ — $ — $ — $ — $ — $ 7,145 Other loans Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total Commercial Loans Risk rating: Pass $ 815,860 $ 5,805,698 $ 4,640,950 $ 2,160,178 $ 1,929,180 $ 3,962,901 $ 1,656,465 $ 20,971,232 Special mention 1,050 22,876 31,956 17,557 32,391 113,821 26,210 245,861 Substandard 8,773 25,355 101,557 28,095 32,088 116,011 46,372 358,251 Doubtful 1 399 18 2 — 33 2 455 Total Commercial Loans $ 825,684 $ 5,854,328 $ 4,774,481 $ 2,205,832 $ 1,993,659 $ 4,192,766 $ 1,729,049 $ 21,575,799 Total Commercial Loans Current-period gross charge-offs $ 2 $ 1,097 $ 211 $ 14 $ 149 $ 280 $ 104 $ 1,857 Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction and land development Risk rating: Pass $ 875,751 $ 742,985 $ 134,996 $ 63,439 $ 14,521 $ 29,442 $ 65,656 $ 1,926,790 Special mention 1,643 988 268 76 7,219 2,068 — 12,262 Substandard 214 10,409 11 2,326 — 4,282 — 17,242 Doubtful — — — — — 6 — 6 Total Construction and land development $ 877,608 $ 754,382 $ 135,275 $ 65,841 $ 21,740 $ 35,798 $ 65,656 $ 1,956,300 Construction and land development Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial non-owner occupied Risk rating: Pass $ 2,245,943 $ 1,849,079 $ 816,791 $ 959,707 $ 506,350 $ 1,417,397 $ 108,759 $ 7,904,026 Special mention 7,579 4,225 936 11,036 24,067 32,110 5,000 84,953 Substandard 13,256 25,557 609 9,383 6,472 26,366 2,257 83,900 Doubtful — 1 — 79 — — — 80 Total Commercial non-owner occupied $ 2,266,778 $ 1,878,862 $ 818,336 $ 980,205 $ 536,889 $ 1,475,873 $ 116,016 $ 8,072,959 Commercial non-owner occupied Current-period gross charge-offs $ 8 $ — $ — $ — $ — $ 360 $ — $ 368 Commercial Owner Occupied Risk rating: Pass $ 1,046,562 $ 1,136,289 $ 725,040 $ 709,669 $ 446,497 $ 1,080,522 $ 75,506 $ 5,220,085 Special mention 3,620 25,263 3,383 7,934 7,160 34,724 1,294 83,378 Substandard 12,861 34,210 19,962 16,502 9,487 62,808 895 156,725 Doubtful — — 1 — — 4 — 5 Total commercial owner occupied $ 1,063,043 $ 1,195,762 $ 748,386 $ 734,105 $ 463,144 $ 1,178,058 $ 77,695 $ 5,460,193 Commercial owner occupied Current-period gross charge-offs — — — 1,143 — 833 — 1,976 Commercial and industrial Risk rating: Pass $ 1,566,203 $ 895,368 $ 506,655 $ 274,446 $ 212,522 $ 333,286 $ 1,386,678 $ 5,175,158 Special mention 5,885 3,782 3,401 1,859 3,378 1,316 24,347 43,968 Substandard 6,308 27,974 4,770 6,591 6,783 8,476 32,876 93,778 Doubtful — — — — 155 422 2 579 Total commercial and industrial $ 1,578,396 $ 927,124 $ 514,826 $ 282,896 $ 222,838 $ 343,500 $ 1,443,903 $ 5,313,483 Commercial and industrial Current-period gross charge-offs 4 2,825 198 630 2,214 2,589 1,742 10,202 Other income producing property Risk rating: Pass $ 149,793 $ 92,887 $ 60,473 $ 46,189 $ 47,155 $ 107,436 $ 46,179 $ 550,112 Special mention 952 957 1,257 378 190 3,652 2,328 9,714 Substandard 876 359 1,281 300 214 11,214 1,065 15,309 Doubtful 401 — — — — 136 — 537 Total other income producing property $ 152,022 $ 94,203 $ 63,011 $ 46,867 $ 47,559 $ 122,438 $ 49,572 $ 575,672 Other income producing property Current-period gross charge-offs $ — $ — $ — $ — $ — $ 46 $ 50 $ 96 Consumer owner occupied Risk rating: Pass $ 5,947 $ 3,124 $ 1,811 $ 418 $ 68 $ 332 $ 15,910 $ 27,610 Special mention 537 20 136 284 — — 66 1,043 Substandard 13 95 12 1,614 — 202 151 2,087 Doubtful — — — — 1 — — 1 Total Consumer owner occupied $ 6,497 $ 3,239 $ 1,959 $ 2,316 $ 69 $ 534 $ 16,127 $ 30,741 Consumer owner occupied Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Other loans Risk rating: Pass $ 20,989 $ — $ — $ — $ — $ — $ — $ 20,989 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total other loans $ 20,989 $ — $ — $ — $ — $ — $ — $ 20,989 Other loans Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total Commercial Loans Risk rating: Pass $ 5,911,188 $ 4,719,732 $ 2,245,766 $ 2,053,868 $ 1,227,113 $ 2,968,415 $ 1,698,688 $ 20,824,770 Special mention 20,216 35,235 9,381 21,567 42,014 73,870 33,035 235,318 Substandard 33,528 98,604 26,645 36,716 22,956 113,348 37,244 369,041 Doubtful 401 1 1 79 156 568 2 1,208 Total Commercial Loans $ 5,965,333 $ 4,853,572 $ 2,281,793 $ 2,112,230 $ 1,292,239 $ 3,156,201 $ 1,768,969 $ 21,430,337 Current-period gross charge-offs $ 12 $ 2,825 $ 198 $ 1,773 $ 2,214 $ 3,828 $ 1,792 $ 12,642 For the consumer segment, delinquency of a loan is determined by past due status. Consumer loans are automatically placed on nonaccrual status once the loan is 90 days past due. Construction and land development loans are on 1-4 properties and lots. The following table presents the credit risk profile by past due status of consumer loans by origination year as of March 31, 2023: Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Consumer owner occupied Days past due: Current $ 240,632 $ 1,748,552 $ 1,587,281 $ 657,794 $ 309,618 $ 939,645 $ — $ 5,483,522 30 days past due — 438 451 323 672 2,242 — 4,126 60 days past due — 243 97 620 — 746 — 1,706 90 days past due — 676 268 853 683 3,475 — 5,955 Total Consumer owner occupied $ 240,632 $ 1,749,909 $ 1,588,097 $ 659,590 $ 310,973 $ 946,108 $ — $ 5,495,309 Consumer owner occupied Current-period gross charge-offs $ — $ — $ — $ — $ — $ 2 $ — $ 2 Home equity loans Days past due: Current $ 4,563 $ 7,084 $ 5,367 $ 3,733 $ 1,141 $ 17,773 $ 1,287,131 $ 1,326,792 30 days past due — 273 — — 89 1,003 2,424 3,789 60 days past due — 59 — — — 221 494 774 90 days past due — — 162 21 277 121 349 930 Total Home equity loans $ 4,563 $ 7,416 $ 5,529 $ 3,754 $ 1,507 $ 19,118 $ 1,290,398 $ 1,332,285 Home equity loans Current-period gross charge-offs $ — $ — $ — $ 39 $ — $ — $ — $ 39 Consumer Days past due: Current $ 104,807 $ 383,665 $ 187,023 $ 100,664 $ 78,646 $ 173,622 $ 224,373 $ 1,252,800 30 days past due — 252 449 37 107 1,213 11,052 13,110 60 days past due — 231 19 49 55 242 7,531 8,127 90 days past due — 456 76 39 34 1,400 1,507 3,512 Total consumer $ 104,807 $ 384,604 $ 187,567 $ 100,789 $ 78,842 $ 176,477 $ 244,463 $ 1,277,549 Consumer Current-period gross charge-offs $ 20 $ 295 $ 100 $ 79 $ 100 $ 244 $ 1,891 $ 2,729 Construction and land development Days past due: Current $ 20,979 $ 554,627 $ 251,650 $ 35,810 $ 11,006 $ 18,336 $ 615 $ 893,023 30 days past due — 325 — — — 279 — 604 60 days past due — — — 22 — 92 — 114 90 days past due — — — 1 — — — 1 Total Construction and land development $ 20,979 $ 554,952 $ 251,650 $ 35,833 $ 11,006 $ 18,707 $ 615 $ 893,742 Construction and land development Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Other income producing property Days past due: Current $ 3,664 $ 45,269 $ 20,833 $ 4,812 $ 2,624 $ 43,104 $ 604 $ 120,910 30 days past due — — — — — 292 — 292 60 days past due — — — — — — — — 90 days past due — — — — — 256 — 256 Total other income producing property $ 3,664 $ 45,269 $ 20,833 $ 4,812 $ 2,624 $ 43,652 $ 604 $ 121,458 Other income producing property Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total Consumer Loans Days past due: Current $ 374,645 $ 2,739,197 $ 2,052,154 $ 802,813 $ 403,035 $ 1,192,480 $ 1,512,723 $ 9,077,047 30 days past due — 1,288 900 360 868 5,029 13,476 21,921 60 days past due — 533 116 691 55 1,301 8,025 10,721 90 days past due — 1,132 506 914 994 5,252 1,856 10,654 Total Consumer Loans $ 374,645 $ 2,742,150 $ 2,053,676 $ 804,778 $ 404,952 $ 1,204,062 $ 1,536,080 $ 9,120,343 Current-period gross charge-offs $ 20 $ 295 $ 100 $ 118 $ 100 $ 246 $ 1,891 $ 2,770 Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total Loans $ 1,200,329 $ 8,596,478 $ 6,828,157 $ 3,010,610 $ 2,398,611 $ 5,396,828 $ 3,265,129 $ 30,696,142 Current-period gross charge-offs $ 890 $ 524 $ 311 $ 132 $ 249 $ 526 $ 1,995 $ 4,627 The following table presents the credit risk profile by past due status of consumer loans by origination year as of December 31, 2022: Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Consumer owner occupied Days past due: Current $ 1,695,454 $ 1,467,080 $ 657,005 $ 315,458 $ 187,580 $ 792,572 $ — $ 5,115,149 30 days past due 1,316 1,254 1,681 664 272 2,028 — 7,215 60 days past due 255 337 579 — 242 1,650 — 3,063 90 days past due — 944 776 454 664 3,036 — 5,874 Total Consumer owner occupied $ 1,697,025 $ 1,469,615 $ 660,041 $ 316,576 $ 188,758 $ 799,286 $ — $ 5,131,301 Consumer owner occupied Current-period gross charge-offs $ 25 $ — $ — $ 6 $ 23 $ 66 $ — $ 120 Home equity loans Days past due: Current $ 5,921 $ 5,231 $ 3,282 $ 1,560 $ 1,955 $ 17,941 $ 1,272,848 $ 1,308,738 30 days past due — — 155 77 418 422 1,586 2,658 60 days past due — — 19 36 70 26 540 691 90 days past due — — 60 87 — 611 323 1,081 Total Home equity loans $ 5,921 $ 5,231 $ 3,516 $ 1,760 $ 2,443 $ 19,000 $ 1,275,297 $ 1,313,168 Home equity loans Current-period gross charge-offs $ — $ — $ — $ 19 $ — $ 280 $ 146 $ 445 Consumer Days past due: Current $ 407,825 $ 206,003 $ 111,210 $ 86,008 $ 44,303 $ 141,053 $ 248,314 $ 1,244,716 30 days past due 718 194 78 174 63 1,255 17,471 19,953 60 days past due 55 103 107 36 144 557 9,836 10,838 90 days past due 126 60 58 66 165 1,660 784 2,919 Total consumer $ 408,724 $ 206,360 $ 111,453 $ 86,284 $ 44,675 $ 144,525 $ 276,405 $ 1,278,426 Consumer Current-period gross charge-offs $ 254 $ 653 $ 337 $ 265 $ 62 $ 664 $ 7,979 $ 10,214 Construction and land development Days past due: Current $ 466,475 $ 351,485 $ 50,472 $ 14,053 $ 7,006 $ 13,588 $ 379 $ 903,458 30 days past due 2 — — 57 23 43 — 125 60 days past due — — — — — — — — 90 days past due — — 436 — — 41 — 477 Total Construction and land development $ 466,477 $ 351,485 $ 50,908 $ 14,110 $ 7,029 $ 13,672 $ 379 $ 904,060 Construction and land development Current-period gross charge-offs $ — $ — $ 21 $ — $ — $ 4 $ — $ 25 Other income producing property Days past due: Current $ 45,717 $ 21,421 $ 4,937 $ 2,663 $ 4,322 $ 40,680 $ 624 $ 120,364 30 days past due — — — — — 62 — 62 60 days past due — — — — — 23 — 23 90 days past due — — — — — 121 — 121 Total other income producing property $ 45,717 $ 21,421 $ 4,937 $ 2,663 $ 4,322 $ 40,886 $ 624 $ 120,570 Other income producing property Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Total Consumer Loans Days past due: Current $ 2,621,392 $ 2,051,220 $ 826,906 $ 419,742 $ 245,166 $ 1,005,834 $ 1,522,165 $ 8,692,425 30 days past due 2,036 1,448 1,914 972 776 3,810 19,057 30,013 60 days past due 310 440 705 72 456 2,256 10,376 14,615 90 days past due 126 1,004 1,330 607 829 5,469 1,107 10,472 Total Consumer Loans $ 2,623,864 $ 2,054,112 $ 830,855 $ 421,393 $ 247,227 $ 1,017,369 $ 1,552,705 $ 8,747,525 Current-period gross charge-offs $ 279 $ 653 $ 358 $ 290 $ 85 $ 1,014 $ 8,125 $ 10,804 Term Loans (Dollars in thousands) Amortized Cost Basis by Origination Year As of December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total Loans $ 8,589,197 $ 6,907,684 $ 3,112,648 $ 2,533,623 $ 1,539,466 $ 4,173,570 $ 3,321,674 $ 30,177,862 Current-period gross charge-offs $ 291 $ 3,478 $ 556 $ 2,063 $ 2,299 $ 4,842 $ 9,917 $ 23,446 The following table presents an aging analysis of past due accruing loans, segregated by class. 30 - 59 Days 60 - 89 Days 90+ Days Total Non- Total (Dollars in thousands) Past Due Past Due Past Due Past Due Current Accruing Loans March 31, 2023 Construction and land development $ 980 $ 4,050 $ — $ 5,030 $ 2,743,954 $ 306 $ 2,749,290 Commercial non-owner occupied 4,410 1,778 — 6,188 8,208,270 21,758 8,236,216 Commercial owner occupied 3,841 4,552 1,665 10,058 5,476,893 35,563 5,522,514 Consumer owner occupied 2,521 1,344 — 3,865 5,505,300 19,381 5,528,546 Home equity loans 2,811 673 — 3,484 1,323,065 5,736 1,332,285 Commercial and industrial 21,931 9,618 1,837 33,386 5,257,967 29,953 5,321,306 Other income producing property 2,224 156 147 2,527 715,773 2,991 721,291 Consumer 13,015 8,002 1 21,018 1,251,249 5,282 1,277,549 Other loans — — — — 7,145 — 7,145 $ 51,733 $ 30,173 $ 3,650 $ 85,556 $ 30,489,616 $ 120,970 $ 30,696,142 December 31, 2022 Construction and land development $ 2,146 $ 3,653 $ — $ 5,799 $ 2,853,734 $ 827 $ 2,860,360 Commercial non-owner occupied 1,158 978 77 2,213 8,050,321 20,425 8,072,959 Commercial owner occupied 10,748 2,059 2,231 15,038 5,410,066 35,089 5,460,193 Consumer owner occupied 6,001 744 40 6,785 5,137,950 17,307 5,162,042 Home equity loans 2,527 361 — 2,888 1,303,964 6,316 1,313,168 Commercial and industrial 24,500 11,677 1,704 37,881 5,258,473 17,129 5,313,483 Other income producing property 1,623 1,480 298 3,401 690,107 2,734 696,242 Consumer 19,713 10,655 — 30,368 1,243,660 4,398 1,278,426 Other loans — — — — 20,989 — 20,989 $ 68,416 $ 31,607 $ 4,350 $ 104,373 $ 29,969,264 $ 104,225 $ 30,177,862 The following table is a summary of information pertaining to nonaccrual loans by class, including loans modified for borrowers with financial difficulty as of March 31, 2023 and the information pertaining to nonaccrual loans by class, including restructured loans as of December 31, 2023. March 31, Greater than Non-accrual December 31, (Dollars in thousands) 2023 90 Days Accruing (1) with no allowance (1) 2022 Construction and land development $ 306 $ — $ 8 $ 827 Commercial non-owner occupied 21,758 — 11,338 20,425 Commercial owner occupied real estate 35,563 1,665 15,034 35,089 Consumer owner occupied 19,381 — 5 17,307 Home equity loans 5,736 — 1,489 6,316 Commercial and industrial 29,953 1,837 6,252 17,129 Other income producing property 2,991 147 — 2,734 Consumer 5,282 1 — 4,398 Total loans on nonaccrual status $ 120,970 $ 3,650 $ 34,126 $ 104,225 (1) – Greater than 90 days accruing and non-accrual with no allowance loans at March 31, 2023. There is no interest income recognized during the period on nonaccrual loans. The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Loans on nonaccrual status in which there is no allowance assigned are individually evaluated loans that do not carry a specific reserve. See Note 2 Summary of Significant Accounting Policies for further detailed on individually evaluated loans. The following is a summary of collateral dependent loans, by type of collateral, and the extent to which they are collateralized during the period: March 31, Collateral December 31, Collateral (Dollars in thousands) 2023 Coverage % 2022 Coverage % Commercial owner occupied real estate Industrial $ 8,166 $ 9,344 114% $ — $ — Other 6,868 17,012 248% 14,638 |