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Loans and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of March 31, 2022 and December 31, 2021, by class of financing receivable are as follows:
 March 31,December 31,
 2022 2021 
Commercial and industrial (1)
$1,380,600 $1,290,565 
Construction1,468,811 1,327,659 
Residential real estate:
1-to-4 family mortgage1,346,349 1,270,467 
Residential line of credit392,740 383,039 
Multi-family mortgage400,501 326,551 
Commercial real estate:
Owner occupied978,436 951,582 
Non-owner occupied1,706,546 1,730,165 
Consumer and other330,993 324,634 
Gross loans8,004,976 7,604,662 
Less: Allowance for credit losses(120,049)(125,559)
Net loans$7,884,927 $7,479,103 
(1)Includes $2,062 and $3,990 of loans originated as part of the Paycheck Protection Program as of March 31, 2022 and December 31, 2021, respectively. PPP loans are federally guaranteed as part of the CARES Act, provided PPP loan recipients receive loan forgiveness under the SBA regulations. As such, there is minimal credit risk associated with these loans.
Schedule of Changes in Allowance for Credit Losses by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses by class of financing receivable for the three months ended March 31, 2022 and 2021:
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended March 31, 2022
Beginning balance -
December 31, 2021
$15,751 $28,576 $19,104 $5,903 $6,976 $12,593 $25,768 $10,888 $125,559 
Provision for credit losses(4,006)3,206 1,908 641 (578)(4,187)(4,478)1,365 (6,129)
Recoveries of loans
previously charged-off
958 — 12 1 — 10 — 217 1,198 
Loans charged off(4)— — — — — — (575)(579)
Ending balance -
March 31, 2022
$12,699 $31,782 $21,024 $6,545 $6,398 $8,416 $21,290 $11,895 $120,049 
 
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended March 31, 2021 
Beginning balance -
December 31, 2020
$14,748 $58,477 $19,220 $10,534 $7,174 $4,849 $44,147 $11,240 $170,389 
Provision for credit losses43 (19,826)461 (1,257)4,483 (1,253)6,032 (315)(11,632)
Recoveries of loans
previously charged-off
129 — 24 6 — 13 — 195 367 
Loans charged off(277)(29)(133)(15)— — — (716)(1,170)
Ending balance -
   March 31, 2021		$14,643 $38,622 $19,572 $9,268 $11,657 $3,609 $50,179 $10,404 $157,954 
Schedule of Credit Quality of Loan Portfolio by Year of Origination
The following tables present the credit quality of our commercial loan portfolio by year of origination as of March 31, 2022 and December 31, 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.
As of March 31, 2022
Commercial Term Loans
Amortized Cost Basis by Origination Year
20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$86,753 $262,073 $84,369 $123,038 $46,230 $80,906 $656,672 $1,340,041 
Special Mention27 50 — 941 616 1,494 12,570 15,698 
Classified— 900 2,285 2,269 2,933 9,576 6,898 24,861 
        Total86,780 263,023 86,654 126,248 49,779 91,976 676,140 1,380,600 
Construction - Commercial
Pass103,294 322,557 179,337 111,794 17,366 63,846 47,864 846,058 
Special Mention— — 10 — — 2,579 — 2,589 
Classified— — — 3,078 — 679 201 3,958 
        Total103,294 322,557 179,347 114,872 17,366 67,104 48,065 852,605 
Residential real estate:
Multi-family mortgage
Pass53,167 190,584 32,964 64,201 5,124 42,130 11,104 399,274 
Special Mention— — — — — — — — 
Classified— — — — — 1,227 — 1,227 
Total53,167 190,584 32,964 64,201 5,124 43,357 11,104 400,501 
Commercial real estate:
Owner occupied
Pass53,495 178,092 127,649 164,620 78,970 293,791 56,543 953,160 
Special Mention— — 30 1,492 3,200 2,325 210 7,257 
Classified— — — 3,089 1,667 12,285 978 18,019 
Total53,495 178,092 127,679 169,201 83,837 308,401 57,731 978,436 
Non-owner occupied
Pass80,277 439,956 126,299 157,806 257,327 568,790 55,375 1,685,830 
Special Mention— — — 3,687 249 985 — 4,921 
Classified— — — — 3,460 12,335 — 15,795 
Total80,277 439,956 126,299 161,493 261,036 582,110 55,375 1,706,546 
Total commercial loans
Pass376,986 1,393,262 550,618 621,459 405,017 1,049,463 827,558 5,224,363 
        Special Mention27 50 40 6,120 4,065 7,383 12,780 30,465 
Classified— 900 2,285 8,436 8,060 36,102 8,077 63,860 
        Total commercial loans$377,013 $1,394,212 $552,943 $636,015 $417,142 $1,092,948 $848,415 $5,318,688 
As of December 31, 2021
Commercial Term Loans
Amortized Cost Basis by Origination Year
20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$273,232 $95,279 $140,938 $52,162 $33,997 $57,020 $596,667 $1,249,295 
Special Mention79 9 949 632 3 1,519 12,367 15,558 
Classified918 2,391 2,376 3,089 3,370 6,425 7,143 25,712 
        Total274,229 97,679 144,263 55,883 37,370 64,964 616,177 1,290,565 
Construction - Commercial
Pass335,758 164,428 112,985 18,374 14,965 64,516 43,748 754,774 
Special Mention— 11 — — 1,208 1,384 — 2,603 
Classified— — 2,922 2,882 3 737 200 6,744 
        Total335,758 164,439 115,907 21,256 16,176 66,637 43,948 764,121 
Residential real estate:
Multi-family mortgage
Pass166,576 32,242 64,345 7,124 5,602 38,526 10,891 325,306 
Special Mention— — — — — — — — 
Classified— — — — — 1,245 — 1,245 
Total166,576 32,242 64,345 7,124 5,602 39,771 10,891 326,551 
Commercial real estate:
Owner occupied
Pass170,773 131,471 174,257 83,698 69,939 236,998 57,123 924,259 
Special Mention— — 1,502 3,541 885 2,555 213 8,696 
Classified— — 3,102 768 3,295 9,616 1,846 18,627 
Total170,773 131,471 178,861 88,007 74,119 249,169 59,182 951,582 
Non-owner occupied
Pass462,478 154,048 165,917 264,855 170,602 414,85946,541 1,679,300 
Special Mention— — 3,747 3,388 — 969— 8,104 
Classified— — 1,898 23,849 1,506 15,508— 42,761 
Total462,478 154,048 171,562 292,092 172,108 431,336 46,541 1,730,165 
Total commercial loans
Pass1,408,817 577,468 658,442 426,213 295,105 811,919 754,970 4,932,934 
Special Mention79 20 6,198 7,561 2,096 6,427 12,580 34,961 
Classified918 2,391 10,298 30,588 8,174 33,531 9,189 95,089 
Total commercial loans$1,409,814 $579,879 $674,938 $464,362 $305,375 $851,877 $776,739 $5,062,984 
The following tables present the credit quality by classification (performing or nonperforming) of our consumer loan portfolio by year of origination as of March 31, 2022 and December 31, 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.
As of March 31, 2022
Consumer Term Loans
Amortized Cost Basis by Origination Year
20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Construction - Consumer
Performing$63,687 $345,094 $87,761 $18,312 $5,815 $4,328 $91,209 $616,206 
Nonperforming— — — — — — — — 
       Total63,687 345,094 87,761 18,312 5,815 4,328 91,209 616,206 
Residential real estate:
1-to-4 family mortgage
Performing161,778 500,544 184,028 113,736 89,201 282,039 — 1,331,326 
Nonperforming— 3,240 2,970 1,144 2,577 5,092 — 15,023 
Total161,778 503,784 186,998 114,880 91,778 287,131 — 1,346,349 
Residential line of credit
Performing— — — — — — 391,163 391,163 
Nonperforming— — — — — — 1,577 1,577 
Total— — — — — — 392,740 392,740 
Consumer and other
Performing33,831 72,033 51,086 36,589 31,037 92,155 9,004 325,735 
Nonperforming— 330 442 518 1,541 2,427 — 5,258 
       Total33,831 72,363 51,528 37,107 32,578 94,582 9,004 330,993 
Total consumer loans
Performing259,296 917,671 322,875 168,637 126,053 378,522 491,376 2,664,430 
Nonperforming— 3,570 3,412 1,662 4,118 7,519 1,577 21,858 
Total consumer loans$259,296 $921,241 $326,287 $170,299 $130,171 $386,041 $492,953 $2,686,288 
As of December 31, 2021
Consumer Term Loans
Amortized Cost Basis by Origination Year
20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Construction - Consumer
Performing$341,562 $116,352 $22,783 $5,542 $348 $3,302 $73,428 $563,317 
Nonperforming— 221 — — — — — 221 
       Total341,562 116,573 22,783 5,542 348 3,302 73,428 563,538 
Residential real estate:
1-to-4 family mortgage
Performing521,533 204,690 121,775 100,164 109,087 199,262 — 1,256,511 
Nonperforming1,232 3,734 977 2,429 1,765 3,819 — 13,956 
Total522,765 208,424 122,752 102,593 110,852 203,081 — 1,270,467 
Residential line of credit
Performing— — — — — — 381,303 381,303 
Nonperforming— — — — — — 1,736 1,736 
Total— — — — — — 383,039 383,039 
Consumer and other
Performing82,910 55,123 38,281 32,893 21,856 74,248 14,478 319,789 
Nonperforming199 345 545 1,352 861 1,496 47 4,845 
       Total83,109 55,468 38,826 34,245 22,717 75,744 14,525 324,634 
Total consumer loans
Performing946,005 376,165 182,839 138,599 131,291 276,812 469,209 2,520,920 
Nonperforming1,431 4,300 1,522 3,781 2,626 5,315 1,783 20,758 
Total consumer loans$947,436 $380,465 $184,361 $142,380 $133,917 $282,127 $470,992 $2,541,678 
Schedule of Analysis of Aging by Class of Financing Receivable
The following tables represent an analysis of the aging by class of financing receivable as of March 31, 2022 and December 31, 2021:
March 31, 202230-89 days
past due		90 days or 
more and accruing
interest 		Non-accrual
loans		Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$1,543 $58 $3,882 $1,375,117 $1,380,600 
Construction2,622 — 679 1,465,510 1,468,811 
Residential real estate:
1-to-4 family mortgage13,508 11,724 3,299 1,317,818 1,346,349 
Residential line of credit536 — 1,577 390,627 392,740 
Multi-family mortgage— — 48 400,453 400,501 
Commercial real estate:
Owner occupied415 — 6,989 971,032 978,436 
Non-owner occupied986 — 7,185 1,698,375 1,706,546 
Consumer and other4,305 1,091 4,167 321,430 330,993 
Total$23,915 $12,873 $27,826 $7,940,362 $8,004,976 
 
December 31, 202130-89 days
past due		90 days or 
more and accruing
interest 		Non-accrual
loans		Loans current on payments and accruing interest Total
Commercial and industrial$1,030 $63 $1,520 $1,287,952 $1,290,565 
Construction4,852 718 3,622 1,318,467 1,327,659 
Residential real estate:
1-to-4 family mortgage11,007 9,363 4,593 1,245,504 1,270,467 
Residential line of credit319 — 1,736 380,984 383,039 
Multi-family mortgage— — 49 326,502 326,551 
Commercial real estate:
Owner occupied1,417 — 6,710 943,455 951,582 
Non-owner occupied427 — 14,084 1,715,654 1,730,165 
Consumer and other7,398 1,591 3,254 312,391 324,634 
Total$26,450 $11,735 $35,568 $7,530,909 $7,604,662 
Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans
The following tables provide the amortized cost basis of loans on non-accrual status, as well as any related allowance as of March 31, 2022 and December 31, 2021 by class of financing receivable.
March 31, 2022Non-accrual
with no
related
allowance		Non-accrual
with
related
allowance		Related
allowance
Commercial and industrial$1,420 $2,462 $1,781 
Construction— 679 85 
Residential real estate:
1-to-4 family mortgage130 3,169 49 
Residential line of credit1,051 526 7 
Multi-family mortgage— 48 2 
Commercial real estate:
Owner occupied4,346 2,643 84 
Non-owner occupied7,006 179 22 
Consumer and other— 4,167 211 
Total$13,953 $13,873 $2,241 
December 31, 2021Non-accrual
with no
related
allowance		Non-accrual
with
related
allowance		Related
allowance
Commercial and industrial$1,085 $435 $6 
Construction2,882 740 99 
Residential real estate:
1-to-4 family mortgage378 4,215 60 
Residential line of credit797 939 11 
Multi-family mortgage— 49 2 
Commercial real estate:
Owner occupied5,346 1,364 206 
Non-owner occupied13,898 186 7 
Consumer and other— 3,254 164 
Total$24,386 $11,182 $555 
The following presents interest income recognized on nonaccrual loans for the three months ended March 31, 2022 and 2021:
Three Months Ended March 31,
20222021
Commercial and industrial$54 $114 
Construction19 14 
Residential real estate:
1-to-4 family mortgage52 18 
Residential line of credit40 18 
Multi-family mortgage— 1 
Commercial real estate:
Owner occupied25 131 
Non-owner occupied70 89 
Consumer and other15 — 
Total$275 $385 
Schedule of Financial Effect of TDRs
The following tables present the financial effect of TDRs recorded during the periods indicated:
Three Months Ended March 31, 2022Number of loansPre-modification outstanding recorded investment Post-modification outstanding recorded investment Charge offs and specific reserves
Residential real estate:
1-to-4 family mortgage1 $80 $80 $— 
Consumer and other1 22 22 — 
Total2 $102 $102 $— 
Three Months Ended March 31, 2021Number of loansPre-modification outstanding recorded investment Post-modification outstanding recorded investment Charge offs and specific reserves
Commercial and industrial1 $107 $107 $— 
Commercial real estate:
Non-owner occupied111,997 11,997 — 
Total2$12,104 $12,104 $— 
Schedule of Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans
For loans for which the repayment (based on the Company's assessment) is expected to be provided substantially through the operation or sale of collateral and the borrower is experiencing financial difficulty, the following tables present the loans and the corresponding individually assessed allowance for credit losses by class of financing receivable. Significant changes in individually assessed reserves are due to changes in the valuation of the underlying collateral in addition to changes in accrual and past due status.
March 31, 2022
Type of Collateral
Real EstateFinancial Assets and Equipment TotalIndividually assessed allowance for credit loss
Commercial and industrial$689 $3,324 $4,013 $1,776 
Construction685 — 685 84 
Residential real estate:
1-to-4 family mortgage344 — 344 — 
Residential line of credit1,367 — 1,367 5 
Commercial real estate:
Owner occupied8,470 — 8,470 80 
Non-owner occupied7,006 — 7,006 — 
Consumer and other25 — 25 1 
Total$18,586 $3,324 $21,910 $1,946 
December 31, 2021
Type of Collateral
Real EstateFinancial Assets and Equipment TotalIndividually assessed allowance for credit loss
Commercial and industrial$799 $1,090 $1,889 $— 
Construction3,580 — 3,580 92 
Residential real estate:
1-to-4 family mortgage338 — 338 — 
Residential line of credit1,400 — 1,400 10 
Commercial real estate:
Owner occupied8,117 71 8,188 200 
Non-owner occupied13,899 — 13,899 — 
Consumer and other25 — 25 1 
Total$28,158 $1,161 $29,319 $303