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Loans and Allowance for Credit Losses on Loans HFI (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of June 30, 2024 and December 31, 2023, by class of financing receivable are as follows:
 June 30,December 31,
 2024 2023 
Commercial and industrial$1,614,307 $1,720,733 
Construction1,200,123 1,397,313 
Residential real estate:
1-to-4 family mortgage1,584,029 1,568,552 
Residential line of credit559,359 530,912 
Multi-family mortgage597,039 603,804 
Commercial real estate:
Owner-occupied1,274,705 1,232,071 
Non-owner occupied2,035,102 1,943,525 
Consumer and other444,889 411,873 
Gross loans9,309,553 9,408,783 
Less: Allowance for credit losses on loans HFI(155,055)(150,326)
Net loans$9,154,498 $9,258,457 
Schedule of Credit Quality of Loan Portfolio by Year of Origination
The following tables present the credit quality of the Company's commercial type loan portfolio as of June 30, 2024 and December 31, 2023 and the gross charge-offs for the six months ended June 30, 2024 and the year ended December 31, 2023 by year of origination. 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.

As of and for the six months
    ended June 30, 2024
2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$54,634 $201,189 $169,826 $67,439 $34,393 $123,665 $901,459 $1,552,605 
Special Mention55 3,279 15,314 — — 235 7,730 26,613 
Classified— 48 5,962 5,113 2,925 6,123 14,918 35,089 
Total54,689 204,516 191,102 72,552 37,318 130,023 924,107 1,614,307 
            Current-period gross
               charge-offs
— — — 24 16 22 69 
Construction
Pass90,338 184,198 464,801 115,507 25,809 75,400 189,161 1,145,214 
Special Mention— 404 12,534 645 11 623 — 14,217 
Classified— — 5,287 680 8,489 — 26,236 40,692 
Total90,338 184,602 482,622 116,832 34,309 76,023 215,397 1,200,123 
            Current-period gross
               charge-offs
— — — — — — 92 92 
Residential real estate:
Multi-family mortgage
Pass5,217 6,085 206,098 235,467 52,784 70,920 19,434 596,005 
Special Mention— — — — — — — — 
Classified— — — — — 1,034 — 1,034 
Total5,217 6,085 206,098 235,467 52,784 71,954 19,434 597,039 
             Current-period gross
                charge-offs
— — — — — — — — 
Commercial real estate:
Owner occupied
Pass85,878 113,724 246,192 224,546 110,767 410,746 62,949 1,254,802 
Special Mention— — 1,396 2,616 — 2,532 — 6,544 
Classified— — 6,862 16 64 5,361 1,056 13,359 
Total85,878 113,724 254,450 227,178 110,831 418,639 64,005 1,274,705 
            Current-period gross
              charge-offs
— — — — — — — — 
Non-owner occupied
Pass46,629 43,016 546,369 467,839 120,570 720,971 41,761 1,987,155 
Special Mention— — 5,341 3,955 — 19,486 — 28,782 
Classified— — — 996 — 18,169 — 19,165 
Total46,629 43,016 551,710 472,790 120,570 758,626 41,761 2,035,102 
             Current-period gross
                charge-offs
— — — — — — — — 
Total commercial loan types
Pass282,696 548,212 1,633,286 1,110,798 344,323 1,401,702 1,214,764 6,535,781 
Special Mention55 3,683 34,585 7,216 11 22,876 7,730 76,156 
Classified— 48 18,111 6,805 11,478 30,687 42,210 109,339 
Total$282,751 $551,943 $1,685,982 $1,124,819 $355,812 $1,455,265 $1,264,704 $6,721,276 
            Current-period gross
                charge-offs
$— $— $— $24 $16 $$114 $161 
As of and for the year ended
  December 31, 2023
2023 2022 2021 2020 2019 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$225,734 $255,921 $151,492 $39,897 $70,302 $73,415 $839,918 $1,656,679 
Special Mention— 17,947 3,083 — 151 108 7,549 28,838 
Classified457 4,253 3,075 3,027 254 6,129 18,021 35,216 
Total226,191 278,121 157,650 42,924 70,707 79,652 865,488 1,720,733 
              Current-period gross
                 charge-offs
14 201 22 — 87 131 462 
Construction
Pass179,929 677,387 148,312 46,697 39,140 49,954 208,491 1,349,910 
Special Mention4,659 2,943 1,202 — 690 12,000 21,495 
Classified— 2,349 1,484 6,620 — — 15,455 25,908 
Total179,930 684,395 152,739 54,519 39,140 50,644 235,946 1,397,313 
              Current-period gross
                  charge-offs
— — — — — — — — 
Residential real estate:
Multi-family mortgage
Pass29,982 151,495 223,889 92,745 29,933 43,479 31,209 602,732 
Special Mention— — — — — — — — 
Classified— — — — — 1,072 — 1,072 
Total29,982 151,495 223,889 92,745 29,933 44,551 31,209 603,804 
             Current-period gross
                 charge-offs
— — — — — — — — 
Commercial real estate:
Owner occupied
Pass118,030 261,196 231,241 115,397 151,146 281,253 53,970 1,212,233 
Special Mention— 1,297 1,827 — 154 2,617 — 5,895 
Classified— 6,305 16 — 760 5,789 1,073 13,943 
Total118,030 268,798 233,084 115,397 152,060 289,659 55,043 1,232,071 
              Current-period gross
                  charge-offs
— — 144 — — — — 144 
Non-owner occupied
Pass47,026 474,560 478,878 117,429 178,448 580,16843,577 1,920,086 
Special Mention— — 3,975 — — 10,435— 14,410 
Classified— — 1,001 — 381 7,647— 9,029 
Total47,026 474,560 483,854 117,429 178,829 598,250 43,577 1,943,525 
               Current-period gross
                   charge-offs
— — — — — — — — 
Total commercial loan types
Pass600,701 1,820,559 1,233,812 412,165 468,969 1,028,269 1,177,165 6,741,640 
Special Mention23,903 11,828 1,202 305 13,850 19,549 70,638 
Classified457 12,907 5,576 9,647 1,395 20,637 34,549 85,168 
Total$601,159 $1,857,369 $1,251,216 $423,014 $470,669 $1,062,756 $1,231,263 $6,897,446 
              Current-period gross
                  charge-offs
14 345 22 — 87 131 606 
The following tables present the credit quality by classification (performing or nonperforming) of the Company's consumer type loan portfolio as of June 30, 2024 and December 31, 2023 and the gross charge-offs for the six months ended June 30, 2023 and the year ended December 31, 2023 by year of origination. 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.
As of and for the six months
     ended June 30, 2024
2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$90,475 $178,755 $491,769 $383,927 $139,696 $281,077 $— $1,565,699 
Nonperforming— 146 4,001 3,686 3,026 7,471 — 18,330 
Total90,475 178,901 495,770 387,613 142,722 288,548 — 1,584,029 
          Current-period gross
             charge-offs
 — 150 130 — — 13 293 
Residential line of credit
Performing— — — — — — 557,386 557,386 
Nonperforming— — — — — — 1,973 1,973 
Total— — — — — — 559,359 559,359 
          Current-period gross
             charge-offs
— — — — — — 20 20 
Consumer and other
Performing61,846 103,413 83,702 40,625 31,828 110,286 1,366 433,066 
Nonperforming— 881 1,307 2,401 2,107 5,127 — 11,823 
       Total61,846 104,294 85,009 43,026 33,935 115,413 1,366 444,889 
           Current-period gross
              charge-offs
515 368 123 164 46 150 — 1,366 
Total consumer type loans
Performing152,321 282,168 575,471 424,552 171,524 391,363 558,752 2,556,151 
Nonperforming— 1,027 5,308 6,087 5,133 12,598 1,973 32,126 
        Total$152,321 $283,195 $580,779 $430,639 $176,657 $403,961 $560,725 $2,588,277 
            Current-period gross
             charge-offs
$515 $368 $273 $294 $46 $150 $33 $1,679 
As of and for the year ended
  December 31, 2023
2023 2022 2021 2020 2019 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$198,537 $500,628 $399,338 $145,484 $81,905 $226,587 $— $1,552,479 
Nonperforming76 2,565 4,026 3,846 690 4,870 — 16,073 
Total198,613 503,193 403,364 149,330 82,595 231,457 — 1,568,552 
           Prior-period gross
               charge-offs
 18 — — 24 — 46 
Residential line of credit
Performing— — — — — — 528,439 528,439 
Nonperforming— — — — — — 2,473 2,473 
Total— — — — — — 530,912 530,912 
           Prior-period gross
               charge-offs
 — — — — — — — 
Consumer and other
Performing104,399 91,557 45,187 34,928 24,040 93,833 6,890 400,834 
Nonperforming528 1,025 2,562 1,819 1,264 3,841 — 11,039 
       Total104,927 92,582 47,749 36,747 25,304 97,674 6,890 411,873 
            Prior-period gross
               charge-offs
1,463 564 139 201 110 372 2,851 
Total consumer type loans
Performing302,936 592,185 444,525 180,412 105,945 320,420 535,329 2,481,752 
Nonperforming604 3,590 6,588 5,665 1,954 8,711 2,473 29,585 
       Total$303,540 $595,775 $451,113 $186,077 $107,899 $329,131 $537,802 $2,511,337 
             Prior-period gross
                 charge-offs
1,463 582 139 205 110 396 2,897 
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 June 30, 2024 and December 31, 2023:
June 30, 202430-89 days
past due and accruing
interest
90 days or 
more and accruing
interest
Nonaccrual
loans
Loans current
on payments
and accruing
interest
Total
Commercial and industrial$1,334 $65 $22,797 $1,590,111 $1,614,307 
Construction11,767 1,306 4,590 1,182,460 1,200,123 
Residential real estate:
1-to-4 family mortgage23,244 11,643 6,687 1,542,455 1,584,029 
Residential line of credit2,282 1,738 235 555,104 559,359 
Multi-family mortgage— — 29 597,010 597,039 
Commercial real estate:
Owner occupied274 — 9,163 1,265,268 1,274,705 
Non-owner occupied3,512 — 3,147 2,028,443 2,035,102 
Consumer and other13,767 2,306 9,517 419,299 444,889 
Total$56,180 $17,058 $56,165 $9,180,150 $9,309,553 
 
December 31, 202330-89 days
past due and accruing
interest
90 days or 
more and accruing
interest
Nonaccrual
loans
Loans current on payments and accruing interest Total
Commercial and industrial$732 $— $21,730 $1,698,271 $1,720,733 
Construction6,579 165 2,872 1,387,697 1,397,313 
Residential real estate:
1-to-4 family mortgage21,768 9,355 6,718 1,530,711 1,568,552 
Residential line of credit2,464 1,337 1,136 525,975 530,912 
Multi-family mortgage— — 32 603,772 603,804 
Commercial real estate:
Owner occupied480 — 3,188 1,228,403 1,232,071 
Non-owner occupied4,059 — 3,351 1,936,115 1,943,525 
Consumer and other10,961 1,836 9,203 389,873 411,873 
Total$47,043 $12,693 $48,230 $9,300,817 $9,408,783 
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 June 30, 2024 and December 31, 2023 by class of financing receivable.
June 30, 2024Nonaccrual
with no
related
allowance
Nonaccrual
with
related
allowance
Related
allowance
Commercial and industrial$9,109 $13,688 $8,941 
Construction2,753 1,837 270 
Residential real estate:
1-to-4 family mortgage1,972 4,715 126 
Residential line of credit148 87 
Multi-family mortgage— 29 
Commercial real estate:
Owner occupied7,684 1,479 287 
Non-owner occupied3,119 28 
Consumer and other— 9,517 493 
Total$24,785 $31,380 $10,121 
December 31, 2023
Nonaccrual
with no
related
allowance
Nonaccrual
with
related
allowance
Related
allowance
Commercial and industrial$3,678 $18,052 $5,011 
Construction2,267 605 59 
Residential real estate:
1-to-4 family mortgage1,444 5,274 103 
Residential line of credit685 451 
Multi-family mortgage— 32 
Commercial real estate:
Owner occupied2,920 268 15 
Non-owner occupied3,316 35 
Consumer and other— 9,203 498 
Total$14,310 $33,920 $5,696 
The following presents interest income recognized on nonaccrual loans for the three and six months ended June 30, 2024:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Commercial and industrial$345 $28 $569 $48 
Construction79 46 140 52 
Residential real estate:
1-to-4 family mortgage34 70 34 149 
Residential line of credit23 27 39 51 
Multi-family mortgage— 
Commercial real estate:
Owner occupied75 39 124 97 
Non-owner occupied54 55 89 137 
Consumer and other— 143 — 316 
Total$611 $408 $996 $851 
Schedule of Financial Effect of TDRs
The following tables present the amortized cost of FDM loans as of June 30, 2024 by class of financing receivable and type of concession granted that were modified during the three and six months ended June 30, 2024.

Three Months Ended
June 30, 2024
Term extensionPayment deferral and term extensionInterest rate reduction and term extensionTotal% of total class of financing receivables
Consumer and other$18 $— $98 $116 — %
     Total$18 $— $98 $116 — %
Six Months Ended
June 30, 2024
Term extensionPayment deferral and term extensionInterest rate reduction and term extensionTotal% of total class of financing receivables
Construction$— $14,236 $— $14,236 1.2 %
Commercial real estate:
Non-owner occupied10,351 — — 10,351 0.5 %
Consumer and other40 — 98 138 — %
     Total$10,391 $14,236 $98 $24,725 0.3 %
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficultly:
Three Months Ended June 30, 2024Weighted average term extension
(in months)
Weighted average payment deferral
(in months)
Weighted average interest rate reduction
Consumer and other211.49%
Six Months Ended June 30, 2024
Weighted average term extension
(in months)
Weighted average payment deferral
(in months)
Weighted average interest rate reduction
Construction63
Commercial real estate:
Non-owner occupied6
Consumer and other251.49%
Schedule of Financing Receivable, Modified, Past Due The table below depicts the performance of loans HFI held for investment as of June 30, 2024 made to borrowers experiencing financial difficulty that were modified in the prior twelve months.
June 30, 202430-89 days
past due and accruing
interest
90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest
Total
Construction$— $— $— $14,236 $14,236 
Residential real estate:
1-to-4 family mortgage— — 24 — 24 
Commercial real estate:
Non-owner occupied— — — 10,351 10,351 
Consumer and other— — — 138 138 
Total$— $— $24 $24,725 $24,749 
(1) Loans were on non-accrual when modified and subsequently classified as FDM.
Schedule of Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans
For collateral-dependent loans, or those loans for which repayment is expected to be provided substantially through the operation or sale of collateral, where the borrower is also 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.
June 30, 2024
Type of Collateral
Real EstateFarmlandBusiness AssetsTotalIndividually assessed allowance for credit loss
Commercial and industrial$82 $363 $21,687 $22,132 $8,870 
Construction23,041 1,653 — 24,694 567 
Residential real estate:
1-to-4 family mortgage3,892 — — 3,892 58 
Residential line of credit733 — — 733 15 
Multi-family mortgage— — — — — 
Commercial real estate:
Owner occupied1,426 7,142 8,568 258 
Non-owner occupied18,141 — — 18,141 — 
Total$47,315 $9,158 $21,687 $78,160 $9,768 
December 31, 2023
Type of Collateral
Real EstateFarmlandBusiness AssetsTotalIndividually assessed allowance for credit loss
Commercial and industrial$— $363 $20,599 $20,962 $4,946 
Construction8,224 — — 8,224 30 
Residential real estate:
1-to-4 family mortgage5,317 — — 5,317 129 
Residential line of credit1,245 — — 1,245 10 
Commercial real estate:
Owner occupied1,975 1,160 — 3,135 — 
Non-owner occupied3,316 — — 3,316 — 
Consumer and other112 — — 112 21 
Total$20,189 $1,523 $20,599 $42,311 $5,136 
Schedule of Changes in Allowance for Credit Losses on Loans HFI by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and six months ended June 30, 2024 and 2023:
 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 June 30, 2024
Beginning balance -
March 31, 2024
$17,272 $37,308 $26,128 $9,918 $8,973 $10,749 $23,949 $17,370 $151,667 
Provision for (reversal of)
    credit losses on loans
    HFI
5,264 (3,138)(214)179 (163)375 594 1,043 3,940 
Recoveries of loans
previously charged-off
20 — 10 — — 188 — 143 361 
Loans charged off(26)— (293)— — — — (594)(913)
Ending balance -
June 30, 2024
$22,530 $34,170 $25,631 $10,097 $8,810 $11,312 $24,543 $17,962 $155,055 
Six Months Ended June 30, 2024
Beginning balance -
December 31, 2023
$19,599 $35,372 $26,505 $9,468 $8,842 $10,653 $22,965 $16,922 $150,326 
Provision for (reversal of)
    credit losses on loans
    HFI
2,966 (1,110)(647)649 (32)431 1,578 1,957 5,792 
Recoveries of loans
previously charged-off
34 — 66 — — 228 — 449 777 
Loans charged off(69)(92)(293)(20)— — — (1,366)(1,840)
Ending balance -
June 30, 2024
$22,530 $34,170 $25,631 $10,097 $8,810 $11,312 $24,543 $17,962 $155,055 
 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 June 30, 2023
Beginning balance -
March 31, 2023
$11,117 $41,025 $27,213 $9,034 $6,619 $7,952 $21,868 $13,981 $138,809 
Provision for (reversal of)
    credit losses on loans
    HFI
192 (1,115)185 151 209 643 1,009 1,301 2,575 
Recoveries of loans
previously charged-off
13 10 25 — — 16 — 108 172 
Loans charged off(11)— (16)— — (144)— (721)(892)
Ending balance -
June 30, 2023
$11,311 $39,920 $27,407 $9,185 $6,828 $8,467 $22,877 $14,669 $140,664 
Six Months Ended June 30, 2023 
Beginning balance -
December 31, 2022
$11,106 $39,808 $26,141 $7,494 $6,490 $7,783 $21,916 $13,454 $134,192 
Provision for (reversal of)
    credit losses on loans
    HFI
182 102 1,258 1,691 338 746 961 2,294 7,572 
Recoveries of loans
previously charged-off
80 10 40 — — 82 — 347 559 
Loans charged off(57)— (32)— — (144)— (1,426)(1,659)
Ending balance -
   June 30, 2023
$11,311 $39,920 $27,407 $9,185 $6,828 $8,467 $22,877 $14,669 $140,664