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Loan and Lease Financings (Tables)
12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination as of December 31, 2023.
Term Loans and Leases by Origination Year
(Dollars in thousands)20232022202120202019PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and agricultural
Grades 1-6$155,656 $124,717 $68,473 $39,708 $18,658 $15,856 $299,495 $— $722,563 
Grades 7-127,502 2,657 4,886 501 293 418 27,403 — 43,660 
Total commercial and agricultural163,158 127,374 73,359 40,209 18,951 16,274 326,898  766,223 
Current period gross charge-offs668 499 15 17 — 3,102 — 4,305 
Renewable energy
Grades 1-6177,364 23,679 86,836 29,138 56,935 25,756 — — 399,708 
Grades 7-12— — — — — — — — — 
Total renewable energy177,364 23,679 86,836 29,138 56,935 25,756   399,708 
Current period gross charge-offs— — — — — — — — — 
Auto and light truck
Grades 1-6603,406 248,701 64,182 24,986 13,573 5,287 — — 960,135 
Grades 7-12908 1,848 474 2,490 632 425 — — 6,777 
Total auto and light truck604,314 250,549 64,656 27,476 14,205 5,712   966,912 
Current period gross charge-offs126 360 128 33 19 63 — — 729 
Medium and heavy duty truck
Grades 1-696,254 114,490 44,069 24,645 15,264 4,202 — — 298,924 
Grades 7-123,565 7,010 1,675 — 773 — — — 13,023 
Total medium and heavy duty truck99,819 121,500 45,744 24,645 16,037 4,202   311,947 
Current period gross charge-offs— — — — — — — — — 
Aircraft
Grades 1-6269,635 355,175 197,579 140,744 37,244 36,936 6,420 — 1,043,733 
Grades 7-1210,120 9,475 3,704 4,543 — 6,597 — — 34,439 
Total aircraft279,755 364,650 201,283 145,287 37,244 43,533 6,420  1,078,172 
Current period gross charge-offs— — — — — — — — — 
Construction equipment
Grades 1-6459,884 333,008 131,838 64,998 29,543 7,803 26,044 2,346 1,055,464 
Grades 7-126,915 20,826 1,037 510 — — — — 29,288 
Total construction equipment466,799 353,834 132,875 65,508 29,543 7,803 26,044 2,346 1,084,752 
Current period gross charge-offs— 44 10 — — — — — 54 
Commercial real estate
Grades 1-6336,287 251,055 148,597 105,282 86,452 187,306 275 — 1,115,254 
Grades 7-12678 5,313 2,576 651 4,372 1,017 — — 14,607 
Total commercial real estate336,965 256,368 151,173 105,933 90,824 188,323 275  1,129,861 
Current period gross charge-offs— 39 30 — 179 — — — 248 
Residential real estate and home equity
Performing87,767 110,058 89,458 88,232 30,681 72,211 152,037 5,575 636,019 
Nonperforming— 107 74 — 414 756 536 67 1,954 
Total residential real estate and home equity87,767 110,165 89,532 88,232 31,095 72,967 152,573 5,642 637,973 
Current period gross charge-offs— — — — — 54 39 101 
Consumer
Performing53,023 47,789 19,739 6,286 2,539 1,021 12,063 — 142,460 
Nonperforming63 246 123 31 28 — — 497 
Total consumer53,086 48,035 19,862 6,317 2,567 1,027 12,063  142,957 
Current period gross charge-offs541 455 138 28 17 29 — 1,211 
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination as of December 31, 2022.
Term Loans and Leases by Origination Year
(Dollars in thousands)20222021202020192018PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and agricultural
Grades 1-6$159,317 $107,232 $71,365 $35,874 $17,192 $13,860 $370,553 $— $775,393 
Grades 7-124,491 5,934 60 2,094 1,644 1,040 21,375 — 36,638 
Total commercial and agricultural163,808 113,166 71,425 37,968 18,836 14,900 391,928  812,031 
Renewable energy
Grades 1-6109,393 113,276 35,660 72,652 18,518 20,654 — — 370,153 
Grades 7-12— — 1,091 5,678 701 3,540 — — 11,010 
Total renewable energy109,393 113,276 36,751 78,330 19,219 24,194   381,163 
Auto and light truck
Grades 1-6521,399 155,508 62,063 32,975 10,946 3,476 — — 786,367 
Grades 7-125,972 3,366 5,836 2,836 1,792 1,948 — — 21,750 
Total auto and light truck527,371 158,874 67,899 35,811 12,738 5,424   808,117 
Medium and heavy duty truck
Grades 1-6158,296 66,533 43,711 31,980 10,053 3,274 — — 313,847 
Grades 7-12— — — — — 15 — — 15 
Total medium and heavy duty truck158,296 66,533 43,711 31,980 10,053 3,289   313,862 
Aircraft
Grades 1-6438,481 273,726 213,661 57,379 31,085 35,012 3,687 — 1,053,031 
Grades 7-1212,962 4,253 6,190 — — 1,286 — — 24,691 
Total aircraft451,443 277,979 219,851 57,379 31,085 36,298 3,687  1,077,722 
Construction equipment
Grades 1-6475,854 213,349 106,409 59,204 17,834 4,593 23,310 2,754 903,307 
Grades 7-1220,709 7,757 2,483 1,878 313 32 583 1,441 35,196 
Total construction equipment496,563 221,106 108,892 61,082 18,147 4,625 23,893 4,195 938,503 
Commercial real estate
Grades 1-6271,526 164,173 121,685 97,470 102,271 168,391 251 — 925,767 
Grades 7-121,532 1,716 7,824 5,789 47 1,070 — — 17,978 
Total commercial real estate273,058 165,889 129,509 103,259 102,318 169,461 251  943,745 
Residential real estate and home equity
Performing115,154 100,690 97,205 34,498 6,864 81,653 142,724 4,115 582,903 
Nonperforming— 131 693 — — 725 180 105 1,834 
Total residential real estate and home equity115,154 100,821 97,898 34,498 6,864 82,378 142,904 4,220 584,737 
Consumer
Performing74,258 34,619 12,924 7,375 2,977 692 18,098 — 150,943 
Nonperforming148 65 49 53 12 12 — — 339 
Total consumer$74,406 $34,684 $12,973 $7,428 $2,989 $704 $18,098 $ $151,282 
Schedule of amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status.
(Dollars in thousands) Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past Due and AccruingTotal Accruing LoansNonaccrualTotal Financing Receivables
December 31, 2023       
Commercial and agricultural$752,947 $9 $ $ $752,956 $13,267 $766,223 
Renewable energy399,708    399,708  399,708 
Auto and light truck962,226 20   962,246 4,666 966,912 
Medium and heavy duty truck311,915 32   311,947  311,947 
Aircraft1,069,830 8,113 229  1,078,172  1,078,172 
Construction equipment1,078,912 2,044 3,620  1,084,576 176 1,084,752 
Commercial real estate1,126,806  85  1,126,891 2,970 1,129,861 
Residential real estate and home equity634,345 1,623 51 142 636,161 1,812 637,973 
Consumer141,489 864 107 7 142,467 490 142,957 
Total$6,478,178 $12,705 $4,092 $149 $6,495,124 $23,381 $6,518,505 
December 31, 2022       
Commercial and agricultural$810,223 $944 $— $— $811,167 $864 $812,031 
Renewable energy381,163 — — — 381,163 — 381,163 
Auto and light truck793,610 353 — 793,964 14,153 808,117 
Medium and heavy duty truck313,845 — — 313,847 15 313,862 
Aircraft1,075,865 223 1,063 — 1,077,151 571 1,077,722 
Construction equipment932,603 431 — — 933,034 5,469 938,503 
Commercial real estate940,516 — — — 940,516 3,229 943,745 
Residential real estate and home equity
582,053 562 288 49 582,952 1,785 584,737 
Consumer150,328 416 199 150,948 334 151,282 
Total$5,980,206 $2,929 $1,553 $54 $5,984,742 $26,420 $6,011,162 
Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, segregated by portfolio segment and type of modification.
The following table shows the amortized cost of loans and leases at December 31, 2023 that were both experiencing financial difficulty and modified during the twelve months ended December 31, 2023, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.
(Dollars in thousands)Payment
Delay
Term
Extension
Interest
Rate
Reduction
Combination
Payment Delay
and Term
Extension
% of Total
Segment
Financing
Receivables
Commercial and agricultural$3,016 $— $— $1,537 0.59 %
Medium and heavy duty truck— — — 11,050 3.54 
Construction equipment— 1,496 — — 0.14 
Commercial real estate288 — 426 — 0.06 
Total$3,304 $1,496 $426 $12,587 0.27 %
Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, with delinquency status.
The Company closely monitors the performance of loans and leases that have been modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table shows the performance of such loans and leases that have been modified during the twelve months ended December 31, 2023.
(Dollars in thousands)Current30-59
Days
Past Due
60-89
Days
Past Due
90 Days or
More Past Due
Total
Past Due
Commercial and agricultural$1,706 $— $— $2,847 $2,847 
Medium and heavy duty truck11,050 — — — — 
Construction equipment1,496 — — — — 
Commercial real estate426 288 — — 288 
Total$14,678 $288 $ $2,847 $3,135 
Schedule of the financial effect of loan and lease modifications to borrowers experiencing difficulties.
The following table shows the financial effect of loan and lease modifications presented above to borrowers experiencing financial difficulty for the twelve months ended December 31, 2023.
Weighted-
Average
Interest Rate
Reduction
Weighted-
Average
Term
Extension (in months)
Weighted- Average Payment Delay (in months)Combination Weighted-Average Payment Delay and Term Extension (in months)
Commercial and agricultural— %3630
Medium and heavy duty truck— %006
Construction equipment— %500
Commercial real estate3.00 %030
Total3.00 %4610
Schedule of recorded investment in loans and leases classified as troubled debt restructuring
The following table shows the recorded investment of loans and leases classified as troubled debt restructurings as of December 31, 2022.
Year Ended December 31 (Dollars in thousands)
2022
Performing TDRs$— 
Nonperforming TDRs3,640 
Total TDRs$3,640