XML 45 R34.htm IDEA: XBRL DOCUMENT

Note 4 - Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

		*September 30, 2024*				*December 31, 2023*
Loans HFI: ⁽¹⁾		*(dollars in thousands)*
Real Estate:
Construction and land development		$	180,196			$	181,469
Commercial real estate ⁽²⁾			1,252,682				1,167,857
Single-family residential mortgages			1,473,396				1,487,796
Commercial:
Commercial and industrial			128,861				130,096
SBA			48,089				52,074
Other			8,672				12,569
Total loans HFI		$	3,091,896			$	3,031,861
Allowance for loan losses			(43,685	)			(41,903	)
Total loans HFI, net		$	3,048,211			$	2,989,958

Financing Receivable, Allowance for Credit Loss [Table Text Block]

		*For the Three Months Ended*
		*September 30, 2024*												*June 30, 2024*												*September 30, 2023*
		*Allowance for loan losses*				Reserve for unfunded loan commitments⁽¹⁾				*Allowance for credit losses*				*Allowance for loan losses*				Reserve for unfunded loan commitments ⁽¹⁾				*Allowance for credit losses*				*Allowance for loan losses*				Reserve for unfunded loan commitments ⁽¹⁾				*Allowance for credit losses*
		*(dollars in thousands)*
Beginning balance		$	41,741			$	624			$	42,365			$	41,688			$	671			$	42,359			$	43,092			$	797			$	43,889
Provision for/(reversal of) credit losses			3,145				155				3,300				604				(47	)			557				1,544				(145	)			1,399
Charge-offs			(1,210	)			—				(1,210	)			(567	)			—				(567	)			(2,217	)			—				(2,217	)
Recoveries			9				—				9				16				—				16				11				—				11
Ending balance		$	43,685			$	779			$	44,464			$	41,741			$	624			$	42,365			$	42,430			$	652			$	43,082

		*For the Nine Months Ended September 30,*
		*2024*												*2023*
		*Allowance for loan losses*				Reserve for unfunded loan commitments ⁽¹⁾				*Allowance for credit losses*				*Allowance for loan losses*				Reserve for unfunded loan commitments ⁽¹⁾				*Allowance for credit losses*
		*(dollars in thousands)*
Beginning balance		$	41,903			$	640			$	42,543			$	41,076			$	1,156			$	42,232
Provision for/(reversal of) credit losses			3,718				139				3,857				4,297				(504	)			3,793
Charge-offs			(1,991	)			—				(1,991	)			(2,992	)			—				(2,992	)
Recoveries			55				—				55				49				—				49
Ending balance		$	43,685			$	779			$	44,464			$	42,430			$	652			$	43,082

		*For the Three Months Ended September 30, 2024*
		*Construction and land development*				*Commercial real estate*				*Single-family residential mortgages*				*Commercial and industrial*				*SBA*				*Other*				*Total*
Allowance for loan losses:		*(dollars in thousands)*
Beginning balance		$	1,352			$	18,434			$	19,840			$	1,285			$	675			$	155			$	41,741
Provision for/(reversal of) credit losses			1,441				4,406				(2,898	)			31				(9	)			174				3,145
Charge-offs			(974	)			(189	)			—				(6	)			—				(41	)			(1,210	)
Recoveries			—				—				—				1				—				8				9
Ending allowance balance		$	1,819			$	22,651			$	16,942			$	1,311			$	666			$	296			$	43,685

		*For the Three Months Ended June 30, 2024*
		*Construction and land development*				*Commercial real estate*				*Single-family residential mortgages*				*Commercial and industrial*				*SBA*				*Other*				*Total*
Allowance for loan losses:		*(dollars in thousands)*
Beginning balance		$	1,311			$	18,307			$	19,878			$	1,294			$	735			$	163			$	41,688
Provision for/(reversal of) credit losses			41				653				(38	)			(9	)			(60	)			17				604
Charge-offs			—				(526	)			—				—				—				(41	)			(567	)
Recoveries			—				—				—				—				—				16				16
Ending allowance balance		$	1,352			$	18,434			$	19,840			$	1,285			$	675			$	155			$	41,741

		*For the Three Months Ended September 30, 2023*
		*Construction and land development*				*Commercial real estate*				*Single-family residential mortgages*				*Commercial and industrial*				*SBA*				*Other*				*Total*
Allowance for loan losses:		*(dollars in thousands)*
Beginning balance		$	2,448			$	17,305			$	21,116			$	1,110			$	623			$	490			$	43,092
(Reversal of)/provision for credit losses			(668	)			2,407				(776	)			256				553				(228	)			1,544
Charge-offs			(13	)			(2,137	)			—				—				—				(67	)			(2,217	)
Recoveries			—				—				—				1				—				10				11
Ending allowance balance		$	1,767			$	17,575			$	20,340			$	1,367			$	1,176			$	205			$	42,430

		*For the Nine Months Ended September 30, 2024*
		*Construction and land development*				*Commercial real estate*				*Single-family residential mortgages*				*Commercial and industrial*				*SBA*				*Other*				*Total*
Allowance for loan losses:		*(dollars in thousands)*
Beginning balance		$	1,219			$	17,826			$	20,117			$	1,348			$	1,196			$	197			$	41,903
Provision for/(reversal of) credit losses			1,574				5,656				(3,175	)			(30	)			(530	)			223				3,718
Charge-offs			(974	)			(831	)			—				(9	)			—				(177	)			(1,991	)
Recoveries			—				—				—				2				—				53				55
Ending allowance balance		$	1,819			$	22,651			$	16,942			$	1,311			$	666			$	296			$	43,685

		*For the Nine Months Ended September 30, 2023*
		*Construction and land development*				*Commercial real estate*				*Single-family residential mortgages*				*Commercial and industrial*				*SBA*				*Other*				*Total*
Allowance for loan losses:		*(dollars in thousands)*
Beginning balance		$	2,638			$	17,657			$	17,640			$	1,804			$	621			$	716			$	41,076
(Reversal of)/provision for credit losses			(858	)			2,454				2,793				(438	)			616				(270	)			4,297
Charge-offs			(13	)			(2,536	)			(93	)			—				(62	)			(288	)			(2,992	)
Recoveries			—				—				—				1				1				47				49
Ending allowance balance		$	1,767			$	17,575			$	20,340			$	1,367			$	1,176			$	205			$	42,430

Financing Receivable Credit Quality Indicators [Table Text Block]

		*Term Loan by Vintage*
September 30, 2024		*2024*				*2023*				*2022*				*2021*				*2020*				*Prior*				*Revolving*				*Revolving Converted to Term During the Period*				*Total*
Real estate:			*(dollars in thousands)*
Construction and land development
Pass		$	95,477			$	8,939			$	—			$	—			$	1,375			$	102			$	—			$	—			$	105,893
Special mention			—				—				—				—				43,566				—				—				—				43,566
Substandard			—				8,996				—				11,706				10,035				—				—				—				30,737
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	95,477			$	17,935			$	—			$	11,706			$	54,976			$	102			$	—			$	—			$	180,196
YTD gross charge-offs		$	—			$	—			$	974			$	—			$	—			$	—			$	—			$	—			$	974
Commercial real estate
Pass		$	222,379			$	58,587			$	396,870			$	153,510			$	162,438			$	203,457			$	—			$	—			$	1,197,241
Special mention			—				—				—				16,324				3,055				12,399				—				—				31,778
Substandard			—				—				—				3,292				10,708				9,663				—				—				23,663
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	222,379			$	58,587			$	396,870			$	173,126			$	176,201			$	225,519			$	—			$	—			$	1,252,682
YTD gross charge-offs		$	—			$	—			$	—			$	—			$	414			$	417			$	—			$	—			$	831
Single-family residential mortgages
Pass		$	102,590			$	141,238			$	560,767			$	227,913			$	114,684			$	310,340			$	1,192			$	—			$	1,458,724
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				736				1,604				1,918				10,414				—				—				14,672
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	102,590			$	141,238			$	561,503			$	229,517			$	116,602			$	320,754			$	1,192			$	—			$	1,473,396
YTD gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Commercial:
Commercial and industrial
Pass		$	7,556			$	1,152			$	2,771			$	4,169			$	2,307			$	6,231			$	95,591			$	—			$	119,777
Special mention			—				—				—				—				—				—				1,156				—				1,156
Substandard			—				—				75				—				1,340				4,826				1,687				—				7,928
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	7,556			$	1,152			$	2,846			$	4,169			$	3,647			$	11,057			$	98,434			$	—			$	128,861
YTD gross charge-offs		$	6			$	—			$	3			$	—			$	—			$	—			$	—			$	—			$	9
SBA
Pass		$	5,657			$	1,829			$	10,893			$	9,780			$	429			$	15,700			$	—			$	—			$	44,288
Special mention			—				—				—				—				1,001				—				—				—				1,001
Substandard			144				—				—				333				—				2,323				—				—				2,800
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	5,801			$	1,829			$	10,893			$	10,113			$	1,430			$	18,023			$	—			$	—			$	48,089
YTD gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Other:
Pass		$	—			$	141			$	1,795			$	6,337			$	353			$	2			$	13			$	—			$	8,641
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				31				—				—				—				—				31
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	—			$	141			$	1,795			$	6,368			$	353			$	2			$	13			$	—			$	8,672
YTD gross charge-offs		$	—			$	—			$	4			$	167			$	6			$	—			$	—			$	—			$	177
Total by risk rating:
Pass		$	433,659			$	211,886			$	973,096			$	401,709			$	281,586			$	535,832			$	96,796			$	—			$	2,934,564
Special mention			—				—				—				16,324				47,622				12,399				1,156				—				77,501
Substandard			144				8,996				811				16,966				24,001				27,226				1,687				—				79,831
Doubtful			—				—				—				—				—				—				—				—				—
Total loans		$	433,803			$	220,882			$	973,907			$	434,999			$	353,209			$	575,457			$	99,639			$	—			$	3,091,896
Total YTD gross charge-offs		$	6			$	—			$	981			$	167			$	420			$	417			$	—			$	—			$	1,991

		*Term Loan by Vintage*
December 31, 2023		*2023*				*2022*				*2021*				*2020*				*2019*				*Prior*				*Revolving*				*Revolving Converted to Term During the Period*				*Total*
Real estate:			*(dollars in thousands)*
Construction and land development
Pass		$	127,602			$	25,880			$	12,168			$	3,919			$	192			$	32			$	—			$	—			$	169,793
Special mention			—				—				11,676				—				—				—				—				—				11,676
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	127,602			$	25,880			$	23,844			$	3,919			$	192			$	32			$	—			$	—			$	181,469
YTD gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	140			$	—			$	—			$	140
Commercial real estate
Pass		$	90,126			$	423,564			$	186,904			$	175,650			$	94,796			$	152,847			$	—			$	—			$	1,123,887
Special mention			—				—				—				—				7,719				4,880				—				—				12,599
Substandard			301				—				—				11,410				2,295				17,365				—				—				31,371
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	90,427			$	423,564			$	186,904			$	187,060			$	104,810			$	175,092			$	—			$	—			$	1,167,857
YTD gross charge-offs		$	—			$	2,078			$	—			$	459			$	—			$	—			$	—			$	—			$	2,537
Single-family residential mortgages
Pass		$	156,372			$	593,539			$	239,502			$	125,346			$	83,002			$	265,050			$	1,720			$	—			$	1,464,531
Special mention			—				—				619				—				—				3,855				—				—				4,474
Substandard			—				719				758				4,985				545				11,740				44				—				18,791
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	156,372			$	594,258			$	240,879			$	130,331			$	83,547			$	280,645			$	1,764			$	—			$	1,487,796
YTD gross charge-offs		$	—			$	—			$	—			$	93			$	—			$	—			$	—			$	—			$	93
Commercial:
Commercial and industrial																																			—
Pass		$	1,305			$	3,283			$	6,281			$	2,901			$	2,049			$	4,700			$	99,339			$	—			$	119,858
Special mention			—				—				—				—				—				—				2,737				—				2,737
Substandard			—				87				—				1,410				7				4,952				1,045				—				7,501
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	1,305			$	3,370			$	6,281			$	4,311			$	2,056			$	9,652			$	103,121			$	—			$	130,096
YTD gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
SBA
Pass		$	5,642			$	11,023			$	10,037			$	2,324			$	4,588			$	13,783			$	—			$	—			$	47,397
Special mention			—				—				331				—				—				1,025				—				—				1,356
Substandard			—				—				—				—				85				3,236				—				—				3,321
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	5,642			$	11,023			$	10,368			$	2,324			$	4,673			$	18,044			$	—			$	—			$	52,074
YTD gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	62			$	—			$	—			$	62
Other:
Pass		$	193			$	2,727			$	8,813			$	674			$	29			$	—			$	18			$	—			$	12,454
Special mention			—				—				—				—				—				—				—				—				—
Substandard			—				80				28				7				—				—				—				—				115
Doubtful			—				—				—				—				—				—				—				—				—
Total		$	193			$	2,807			$	8,841			$	681			$	29			$	—			$	18			$	—			$	12,569
YTD gross charge-offs		$	—			$	79			$	273			$	10			$	—			$	—			$	—			$	—			$	362
Total by risk rating:
Pass		$	381,240			$	1,060,016			$	463,705			$	310,814			$	184,656			$	436,412			$	101,077			$	—			$	2,937,920
Special mention			—				—				12,626				—				7,719				9,760				2,737				—				32,842
Substandard			301				886				786				17,812				2,932				37,293				1,089				—				61,099
Doubtful			—				—				—				—				—				—				—				—				—
Total loans		$	381,541			$	1,060,902			$	477,117			$	328,626			$	195,307			$	483,465			$	104,903			$	—			$	3,031,861
Total YTD gross charge-offs		$	—			$	2,157			$	273			$	562			$	—			$	202			$	—			$	—			$	3,194

Financing Receivable, Past Due [Table Text Block]


September 30, 2024		*30-59 Days*				*60-89 Days*				*90 Days Or More*				Total Past Due ⁽¹⁾				*Loans Not Past Due*				Total Loans ⁽¹⁾				Nonaccrual Loans ⁽¹⁾
Real estate:			*(dollars in thousands)*
Construction and land development		$	—			$	—			$	19,032			$	19,032			$	161,164			$	180,196			$	19,032
Commercial real estate			1,119				3,292				16,916				21,327				1,231,355				1,252,682				20,430
Single-family residential mortgages			9,111				1,710				10,358				21,179				1,452,217				1,473,396				13,997
Commercial:
Commercial and industrial			65				117				6,348				6,530				122,331				128,861				6,464
SBA			1,072				81				467				1,620				46,469				48,089				739
Other			60				11				—				71				8,601				8,672				—
Total		$	11,427			$	5,211			$	53,121			$	69,759			$	3,022,137			$	3,091,896			$	60,662


December 31, 2023
Real estate:
Construction and land development		$	—			$	—			$	—			$	—			$	181,469			$	181,469			$	—
Commercial real estate			1,341				216				1,582				3,139				1,164,718				1,167,857				10,569
Single-family residential mortgages			9,050				5,795				15,134				29,979				1,457,817				1,487,796				18,103
Commercial:
Commercial and industrial			1,544				—				854				2,398				127,698				130,096				854
SBA			356				—				2,085				2,441				49,633				52,074				2,085
Other			160				20				8				188				12,381				12,569				8
Total		$	12,451			$	6,031			$	19,663			$	38,145			$	2,993,716			$	3,031,861			$	31,619

Financing Receivable, Nonaccrual [Table Text Block]

		*September 30, 2024*								*December 31, 2023*
		*Nonaccrual Loans*								*Nonaccrual Loans*
		*with no*								*with no*
		*Allowance*								*Allowance*
		*for Loan Loss*				*Nonaccrual Loans*				*for Loan Loss*				*Nonaccrual Loans*
Real estate:		*(dollars in thousands)*
Construction and land development		$	19,032			$	19,032			$	—			$	—
Commercial real estate			13,173				20,430				10,569				10,569
Single-family residential mortgages			13,997				13,997				18,103				18,103
Commercial:
Commercial and industrial (1)			6,348				6,464				610				854
SBA			739				739				937				2,085
Other:			—				—				—				8
Total		$	53,289			$	60,662			$	30,219			$	31,619

Schedule of Financing Receivables by Collateral Held [Table Text Block]

		*September 30, 2024*
		*Commercial Real Estate*				*Residential Real Estate*				*Business Assets*				*Total*
Real Estate:		*(dollars in thousands)*
Construction and land development		$	19,032			$	—			$	—			$	19,032
Commercial real estate			20,208				222				—				20,430
Single-family residential mortgages			—				13,997				—				13,997
Commercial:
Commercial and industrial			—				6,348				116				6,464
SBA			629				25				85				739
Total loans		$	39,869			$	20,592			$	201			$	60,662

		*December 31, 2023*
		*Commercial Real Estate*				*Residential Real Estate*				*Business Assets*				*Total*
Real Estate:		*(dollars in thousands)*
Commercial real estate		$	10,353			$	216			$	—			$	10,569
Single-family residential mortgages			—				18,103				—				18,103
Commercial:
Commercial and industrial			—				610				244				854
SBA			800				1,200				85				2,085
Total loans		$	11,153			$	20,129			$	329			$	31,611

Financing Receivable, Modified [Table Text Block]

Balances at September 30, 2024

Term Extension

Financial Effect of Loan Modifications

Balance

Percent of Total Class of Loans

Term Extension (in Years)

(dollars in thousands)

Construction and land development

$

10,036

5.6%

1.0