Credit Quality

3 Months Ended

Mar. 31, 2024

Text Block [Abstract]

Credit Quality

4. CREDIT QUALITY

Management monitors the credit quality of its loans and leases on an ongoing basis. Measurement of delinquency and past due status are based on the contractual terms of each loan. United considers a loan to be past due when it is 30 days or more past its contractual payment due date.

For all loan classes, past due loans and leases are reviewed on a monthly basis to identify loans and leases for nonaccrual status. Generally, when collection in full of the principal and interest is jeopardized, the loan is placed on nonaccrual status. The accrual of interest income on commercial and most consumer loans generally is discontinued when a loan becomes 90 to 120 days past due as to principal or interest. However, regardless of delinquency status, if a loan is fully secured and in the process of collection and resolution of collection is expected in the near term (generally less than 90 days), then the loan will not be placed on nonaccrual status. When interest accruals are discontinued, unpaid interest recognized in income in the current year is reversed, and unpaid interest accrued in prior years is charged to the allowance for credit losses. United’s method of income recognition for loans and leases that are classified as nonaccrual is to recognize interest income on a cash basis or apply the cash receipt to principal when the ultimate collectability of principal is in doubt. Nonaccrual loans and leases will not normally be returned to accrual status unless all past due principal and interest has been paid and the borrower has evidenced their ability to meet the contractual provisions of the note.

The following table sets forth United’s age analysis of its past due loans and leases, segregated by class of loans and leases:

	Age Analysis of Past Due Loans and Leases As of March 31, 2024
	30-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current & Other		Total Financing Receivables		90 Days or More Past Due & Accruing
Commercial real estate:
Owner-occupied	$	3,503	$	8,840	$	12,343	$	1,612,403	$	1,624,746	$	95
Nonowner-occupied		10,041		6,950		16,991		6,993,275		7,010,266		0
Other commercial		4,108		33,979		38,087		3,501,739		3,539,826		582
Residential real estate		27,179		12,881		40,060		5,326,325		5,366,385		6,981
Construction & land development		957		6,027		6,984		2,990,694		2,997,678		0
Consumer:
Bankcard		122		138		260		9,171		9,431		138
Other consumer		23,483		5,567		29,050		955,186		984,236		3,533
Total	$	69,393	$	74,382	$	143,775	$	21,388,793	$	21,532,568	$	11,329

	Age Analysis of Past Due Loans and Leases As of December 31, 2023
	30-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current & Other		Total Financing Receivables		90 Days or More Past Due & Accruing
Commercial real estate:
Owner-occupied	$	6,361	$	6,335	$	12,696	$	1,585,535	$	1,598,231	$	110
Nonowner-occupied		10,373		13,146		23,519		6,694,824		6,718,343		2,460
Other commercial		3,218		1,224		4,442		3,567,998		3,572,440		560
Residential real estate		26,523		12,136		38,659		5,232,577		5,271,236		6,244
Construction & land development		879		6,423		7,302		3,140,943		3,148,245		0
Consumer:
Bankcard		145		127		272		9,690		9,962		127
Other consumer		36,451		6,107		42,558		1,012,170		1,054,728		5,078
Total	$	83,950	$	45,498	$	129,448	$	21,243,737	$	21,373,185	$	14,579

The following table sets forth United’s nonaccrual loans and leases, segregated by class of loans and leases:

	At March 31, 2024				At December 31, 2023
	Nonaccruals		With No Related Allowance for Credit Losses		Nonaccruals		With No Related Allowance for Credit Losses
Commercial Real Estate:
Owner-occupied	$	8,745	$	8,745	$	6,225	$	6,225
Nonowner-occupied		6,950		4,061		10,686		10,686
Other Commercial		33,397		548		664		664
Residential Real Estate		5,900		5,900		5,892		5,892
Construction		6,027		6,027		6,423		6,423
Consumer:
Bankcard		0		0		0		0
Other consumer		2,034		2,034		1,029		1,029
Total	$	63,053	$	27,315	$	30,919	$	30,919

Interest income recognized on nonaccrual loans was insignificant during the three months ended March 31, 2024 and 2023.

In some cases, United will modify a loan to a borrower experiencing financial difficulty by providing multiple types of concessions such as a term extension, principal forgiveness, an interest rate reduction or a combination thereof. The following table presents the amortized cost of loans and leases to borrowers experiencing financial difficulty modified during the first three months of 2024 and 2023, respectively, by class of financing receivable and by type of modification. The percentage of the amortized cost basis of loans and leases that were modified to borrowers experiencing financial difficulty as compared to the amortized cost basis of each class of financing receivable is also represented below.

	Amortized Cost Basis of Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	For the Three Months ended March 31, 2024
	Term Extension		Interest Rate Reduction		Term Extension & Interest Rate Reduction		Term Extension & Payment Delay		% of Total Class of Financing Receivable
Commercial real estate:
Owner-occupied	$	0	$	0	$	0	$	0		0.00	%
Nonowner-occupied		5,726		0		0		0		0.08	%
Other commercial		0		0		2,316		0		0.07	%
Residential real estate		8,750		0		0		170		0.17	%
Construction & land development		300		0		0		0		0.01	%
Consumer:
Bankcard		0		0		0		0		0.00	%
Other consumer		0		0		0		0		0.00	%
Total	$	14,776	$	0	$	2,316	$	170		0.08	%

	Amortized Cost Basis of Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	For the Three Months ended March 31, 2023
	Term Extension		Interest Rate Reduction		Term Extension & Interest Rate Reduction		Term Extension & Payment Delay		% of Total Class of Financing Receivable
Commercial real estate:
Owner-occupied	$	0	$	0	$	0	$	0		0.00	%
Nonowner-occupied		0		1,771		0		0		0.03	%
Other commercial		0		0		0		0		0.00	%
Residential real estate		95		0		0		0		0.00	%
Construction & land development		0		0		0		0		0.00	%
Consumer:
Bankcard		0		0		0		0		0.00	%
Other consumer		0		0		0		0		0.00	%
Total	$	95	$	1,771	$	0	$	0		0.01	%

As of March 31, 2024 and December 31, 2023, there were commitments to lend additional funds of $718 and $28, respectively, to debtors owing loan receivables whose terms have been modified.

United’s estimate of future credit losses uses a lifetime methodology, derived from modeled loan performance based on the extensive historical experience of loans with similar risk characteristics, adjusted to reflect current conditions and reasonable and supportable forecasts. The historical loss experience used in United’s credit loss models includes the impact of loan modifications provided to borrowers experiencing financial difficulty, and also includes the impact of projected loss severities as a result of loan defaults.

United closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance in the 12 months after a modification made to borrowers experiencing financial difficulty presented by class of financing receivable:

	Payment Status (Amortized Cost Basis)
	As of March 31, 2024						As of March 31, 2023
	Current		30-89 Days Past Due		90+ Days Past Due		Current		30-89 Days Past Due		90+ Days Past Due
Commercial real estate:
Owner-occupied	$	474	$	0	$	0	$	0	$	0	$	0
Nonowner-occupied		38,736		0		0		1,771		0		0
Other commercial		2,474		0		0		0		0		0
Residential real estate		9,420		0		0		0		95		0
Construction & land development		300		0		0		0		0		0
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total	$	51,404	$	0	$	0	$	1,771	$	95	$	0

The following table presents the financial effect of loan and lease modifications to borrowers experiencing financial difficulty for the three months ended March 31, 2024 and 2023.

	For the Three Months Ended March 31, 2024					For the Three Months Ended March 31, 2023
	Weighted- Average Interest Rate Reduction			Weighted Average Term Extension (in years)		Weighted- Average Interest Rate Reduction			Weighted Average Term Extension (in years)
Commercial Real Estate:
Owner-occupied		0.00	%		0		0.00	%		0
Nonowner-occupied		0.00	%		0.6		1.50	%		0
Other Commercial		1.00	%		0.3		0.00	%		0
Residential Real Estate		0.00	%		0.6		0.00	%		2.5
Construction & land development		0.00	%		0.5		0.00	%		0
Consumer:
Bankcard		0.00	%		0		0.00	%		0
Other consumer		0.00	%		0		0.00	%		0
Total		1.00	%		0.6		1.50	%		2.5

No loan or lease modifications completed within the last 12 months to borrowers experiencing financial difficulty had a payment default during the first three months ended March 31, 2024 and 2023.

United elects the practical expedient to measure expected credit losses on collateral dependent loans and leases based on the difference between the loan’s amortized cost and the collateral’s fair value, adjusted for selling costs. The following table presents the amortized cost basis of collateral-dependent loans and leases in which repayment is expected to be derived substantially through the operation or sale of the collateral and where the borrower is experiencing financial difficulty, by class of loans and leases as of March 31, 2024 and December 31, 2023:

	Collateral Dependent Loans and Leases
	At March 31, 2024
	Residential Property		Business Assets		Land		Commercial Property		Other		Total
Commercial real estate:
Owner-occupied	$	22	$	0	$	0	$	4,834	$	9,022	$	13,878
Nonowner-occupied		6,909		0		0		27,163		1,575		35,647
Other commercial		0		33,611		0		5,168		251		39,030
Residential real estate		9,132		0		0		0		0		9,132
Construction & land development		954		0		3,395		0		3,164		7,513
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total	$	17,017	$	33,611	$	3,395	$	37,165	$	14,012	$	105,200

	Collateral Dependent Loans and Leases
	At December 31, 2023
	Residential Property		Business Assets		Land		Commercial Property		Other		Total
Commercial real estate:
Owner-occupied	$	27	$	0	$	0	$	5,208	$	9,272	$	14,507
Nonowner-occupied		11,200		0		0		13,555		1,810		26,565
Other commercial		0		891		0		5,193		256		6,340
Residential real estate		9,775		0		0		0		0		9,775
Construction & land development		954		0		3,661		0		3,314		7,929
Consumer:
Bankcard		0		0		0		0		0		0
Other consumer		0		0		0		0		0		0
Total	$	21,956	$	891	$	3,661	$	23,956	$	14,652	$	65,116

United categorizes loans and leases into risk categories based on relevant information about the ability of borrowers to service their debt: current financial information, historical payment experience, credit documentation, underlying collateral (if any), public information and current economic trends, among other factors.

United uses the following definitions for risk ratings:

• Pass

• Special Mention

• Substandard

• Doubtful

For United’s loans with a corporate credit exposure, United analyzes loans individually to classify the loans as to credit risk. Review and analysis of criticized (special mention-rated loans in the amount of $1,000 or greater) and classified (substandard-rated and worse in the amount of $500 and greater) loans is completed once per quarter. Review of notes with committed exposure of $2,000 or greater is completed at least annually. For loans with a consumer credit exposure, United internally assigns a grade based upon an individual loan’s delinquency status. United reviews and updates, as necessary, these grades on a quarterly basis.

Special mention loans, with a corporate credit exposure, have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loans or in the Company’s credit position at some future date. Borrowers may be experiencing adverse operating trends (declining revenues or margins) or an ill proportioned balance sheet (e.g., increasing inventory without an increase in sales, high leverage, tight liquidity). Adverse economic or market conditions, such as interest rate increases or the entry of a new competitor, may also support a special mention rating. Nonfinancial reasons for rating a credit exposure special mention include management problems, pending litigation, an ineffective loan agreement or other material structural weakness, and any other significant deviation from prudent lending practices. For loans with a consumer credit exposure, loans that are past due 30-89 days are generally considered special mention.

A substandard loan with a corporate credit exposure is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt by the borrower. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. They require more intensive supervision by management. Substandard loans are generally characterized by current or expected unprofitable operations, inadequate debt service coverage, inadequate liquidity, or marginal capitalization. Repayment may depend on collateral or other credit risk mitigants. For some substandard loans, the likelihood of full collection of interest and principal may be in doubt and thus, placed on nonaccrual. For loans with a consumer credit exposure, loans that are 90 days or more past due or that have been placed on nonaccrual are considered substandard.

A loan with corporate credit exposure is classified as doubtful if it has all the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection in full, on the basis of currently existing facts, conditions, and values, highly questionable. A doubtful loan has a high probability of total or substantial loss, but because of specific pending events that may strengthen the loan, its classification as loss is deferred. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Pending events can include mergers, acquisitions, liquidations, capital injections, the perfection of liens on additional collateral, the valuation of collateral, and refinancing. Generally, there are not any loans with a consumer credit exposure that are classified as doubtful. Usually, they are charged-off prior to such a classification.

Based on the most recent analysis performed, the risk category of loans and leases as well as charge-offs and recoveries by class of loans is as follows:

Commercial Real Estate – Owner-occupied

	Term Loans Origination Year												Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of March 31, 2024	2024		2023		2022		2021		2020		Prior
Internal Risk Grade:
Pass	$	46,413	$	134,319	$	315,027	$	259,889	$	243,586	$	550,971	$	24,909	$	0	$	1,575,114
Special Mention		0		0		0		0		0		17,068		0		0		17,068
Substandard		0		881		1,733		265		459		28,413		449		127		32,327
Doubtful		0		0		0		0		0		237		0		0		237
Total	$	46,413	$	135,200	$	316,760	$	260,154	$	244,045	$	596,689	$	25,358	$	127	$	1,624,746
Current-period charge-offs		0		0		0		0		0		0		0		0		0
Current-period recoveries		0		0		4		0		0		532		0		0		536
Current-period net recoveries	$	0	$	0	$	4	$	0	$	0	$	532	$	0	$	0	$	536

	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans and leases converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	132,376	$	316,117	$	246,635	$	248,861	$	109,182	$	465,223		$	29,619	$	0	$	1,548,013
Special Mention		0		0		0		0		2,460		15,423			125		0		18,008
Substandard		0		1,734		274		475		436		28,469			449		129		31,966
Doubtful		0		0		0		0		0		244			0		0		244
Total	$	132,376	$	317,851	$	246,909	$	249,336	$	112,078	$	509,359		$	30,193	$	129	$	1,598,231
Current-period charge-offs		0		0		0		0		0		(855	)		0		0		(855	)
Current-period recoveries		0		13		0		0		0		174			0		0		187
Current-period net recoveries (charge-offs)	$	0	$	13	$	0	$	0	$	0	$	(681	)	$	0	$	0	$	(668	)

Commercial Real Estate – Nonowner-occupied

	Term Loans Origination Year														Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of March 31, 2024	2024		2023		2022		2021		2020			Prior
Internal Risk Grade:
Pass	$	115,786	$	546,520	$	1,517,166	$	1,717,621	$	678,954		$	1,903,586		$	241,589	$	98	$	6,721,320
Special Mention		0		0		4,569		2,371		25,121			161,110			30,774		0		223,945
Substandard		0		0		0		4,020		363			60,618			0		0		65,001
Doubtful		0		0		0		0		0			0			0		0		0
Total	$	115,786	$	546,520	$	1,521,735	$	1,724,012	$	704,438		$	2,125,314		$	272,363	$	98	$	7,010,266
Current-period charge-offs		0		0		0		0		(751	)		(35	)		0		0		(786	)
Current-period recoveries		0		0		0		0		0			195			0		0		195
Current-period net (charge-offs) recoveries	$	0	$	0	$	0	$	0	$	(751	)	$	160		$	0	$	0	$	(591	)

	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans and leases converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	455,399	$	1,428,880	$	1,587,315	$	717,189	$	695,492	$	1,335,526		$	228,743	$	106	$	6,448,650
Special Mention		0		4,614		2,381		25,437		43,017		104,997			30,651		0		211,097
Substandard		0		0		4,020		4,736		3,493		46,347			0		0		58,596
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	455,399	$	1,433,494	$	1,593,716	$	747,362	$	742,002	$	1,486,870		$	259,394	$	106	$	6,718,343
Current-period charge-offs		0		0		0		0		0		(24	)		0		0		(24	)
Current-period recoveries		0		0		0		0		0		1,233			0		0		1,233
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	1,209		$	0	$	0	$	1,209

Other commercial

	Term Loans and leases Origination Year														Revolving loans and leases amortized cost basis			Revolving loans and leases converted to term loans		Total
As of March 31, 2024	2024		2023		2022		2021			2020		Prior
Internal Risk Grade:
Pass	$	174,543	$	547,168	$	501,378	$	458,070		$	130,013	$	786,592		$	864,039		$	7	$	3,461,810
Special Mention		116		130		4,173		475			1,806		5,867			11,053			10		23,630
Substandard		0		59		16,109		263			806		9,727			27,383			0		54,347
Doubtful		0		0		0		0			0		39			0			0		39
Total	$	174,659	$	547,357	$	521,660	$	458,808		$	132,625	$	802,225		$	902,475		$	17	$	3,539,826
Current-period charge-offs		0		0		0		(33	)		0		(4	)		(179	)		0		(216	)
Current-period recoveries		0		0		1		43			0		464			1			0		509
Current-period net recoveries (charge-offs)	$	0	$	0	$	1	$	10		$	0	$	460		$	(178	)	$	0	$	293

	Term Loans and leases Origination Year																	Revolving loans and leases amortized cost basis			Revolving loans and leases converted to term loans			Total
As of December 31, 2023	2023			2022			2021			2020		2019			Prior
Internal Risk Grade:
Pass	$	593,153		$	596,258		$	477,457		$	197,173	$	187,560		$	447,430		$	988,809		$	13		$	3,487,853
Special Mention		221			4,798			542			1,775		1,611			2,093			16,901			15			27,956
Substandard		1,059			16,248			306			792		660			11,923			25,597			0			56,585
Doubtful		0			0			0			0		0			46			0			0			46
Total	$	594,433		$	617,304		$	478,305		$	199,740	$	189,831		$	461,492		$	1,031,307		$	28		$	3,572,440
Current-period charge-offs		(88	)		(163	)		(233	)		0		(661	)		(567	)		(217	)		(78	)		(2,007	)
Current-period recoveries		0			0			0			0		25			1,699			5			0			1,729
Current-period net (charge- offs) recoveries	$	(88	)	$	(163	)	$	(233	)	$	0	$	(636	)	$	1,132		$	(212	)	$	(78	)	$	(278	)

Residential Real Estate

	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of March 31, 2024	2024		2023		2022		2021		2020		Prior
Internal Risk Grade:
Pass	$	130,784	$	785,953	$	1,630,062	$	838,872	$	433,662	$	1,087,426		$	425,977	$	2,549	$	5,335,285
Special Mention		170		0		0		0		8,750		3,847			1,700		0		14,467
Substandard		0		50		73		376		0		15,213			833		88		16,633
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	130,954	$	786,003	$	1,630,135	$	839,248	$	442,412	$	1,106,486		$	428,510	$	2,637	$	5,366,385
Current-period charge-offs		0		0		0		0		0		(127	)		0		0		(127	)
Current-period recoveries		0		0		0		0		0		39			0		0		39
Current-period net charge- offs	$	0	$	0	$	0	$	0	$	0	$	(88	)	$	0	$	0	$	(88	)

	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019			Prior
Internal Risk Grade:
Pass	$	783,866	$	1,618,774	$	850,760	$	443,514	$	262,524		$	863,186	$	423,302	$	2,568	$	5,248,494
Special Mention		0		0		0		0		65			3,561		1,710		0		5,336
Substandard		51		75		386		258		599			14,827		1,121		89		17,406
Doubtful		0		0		0		0		0			0		0		0		0
Total	$	783,917	$	1,618,849	$	851,146	$	443,772	$	263,188		$	881,574	$	426,133	$	2,657	$	5,271,236
Current-period charge-offs		0		0		0		0		(785	)		0		0		0		(785	)
Current-period recoveries		0		0		8		0		688			1		0		0		697
Current-period net recoveries (charge-offs)	$	0	$	0	$	8	$	0	$	(97	)	$	1	$	0	$	0	$	(88	)

Construction and Land Development

	Term Loans Origination Year												Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of March 31, 2024	2024		2023		2022		2021		2020		Prior
Internal Risk Grade:
Pass	$	74,884	$	651,658	$	1,274,582	$	656,065	$	50,762	$	51,936	$	226,321	$	0	$	2,986,208
Special Mention		0		0		2,902		0		61		344		300		0		3,607
Substandard		0		0		954		2,490		2,470		1,949		0		0		7,863
Doubtful		0		0		0		0		0		0		0		0		0
Total	$	74,884	$	651,658	$	1,278,438	$	658,555	$	53,293	$	54,229	$	226,621	$	0	$	2,997,678
Current-period charge-offs		0		0		0		0		0		0		0		0		0
Current-period recoveries		0		0		0		0		0		1		0		0		1
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	1	$	0	$	0	$	1

	Term Loans Origination Year													Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	628,047	$	1,308,793	$	827,138	$	53,004	$	16,062	$	60,920		$	239,390	$	0	$	3,133,354
Special Mention		0		2,902		0		62		3,386		258			0		0		6,608
Substandard		0		1,091		2,490		2,470		0		2,232			0		0		8,283
Doubtful		0		0		0		0		0		0			0		0		0
Total	$	628,047	$	1,312,786	$	829,628	$	55,536	$	19,448	$	63,410		$	239,390	$	0	$	3,148,245
Current-period charge-offs		0		0		0		0		0		(14	)		0		0		(14	)
Current-period recoveries		0		0		0		0		0		80			0		0		80
Current-period net recoveries	$	0	$	0	$	0	$	0	$	0	$	66		$	0	$	0	$	66

Bankcard

	Term Loans Origination Year												Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
As of March 31, 2024	2024		2023		2022		2021		2020		Prior
Internal Risk Grade:
Pass
Special Mention	$	0	$	0	$	0	$	0	$	0	$	0	$	9,171		$	0	$	9,171
Substandard		0		0		0		0		0		0		122			0		122
Doubtful		0		0		0		0		0		0		138			0		138
Total		0		0		0		0		0		0		0			0		0
	$	0	$	0	$	0	$	0	$	0	$	0	$	9,431		$	0	$	9,431
Current-period charge-offs		0		0		0		0		0		0		(87	)		0		(87	)
Current-period recoveries		0		0		0		0		0		0		9			0		9
Current-period net charge-offs	$	0	$	0	$	0	$	0	$	0	$	0	$	(78	)	$	0	$	(78	)

	Term Loans Origination Year												Revolving loans amortized cost basis			Revolving loans converted to term loans		Total
As of December 31, 2023	2023		2022		2021		2020		2019		Prior
Internal Risk Grade:
Pass	$	0	$	0	$	0	$	0	$	0	$	0	$	9,690		$	0	$	9,690
Special Mention		0		0		0		0		0		0		145			0		145
Substandard		0		0		0		0		0		0		127			0		127
Doubtful		0		0		0		0		0		0		0			0		0
Total	$	0	$	0	$	0	$	0	$	0	$	0	$	9,962		$	0	$	9,962
Current-period charge-offs		0		0		0		0		0		0		(263	)		0		(263	)
Current-period recoveries		0		0		0		0		0		0		28			0		28
Current-period net charge-offs	$	0	$	0	$	0	$	0	$	0	$	0	$	(235	)	$	0	$	(235	)

Other Consumer

	Term Loans Origination Year																	Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of March 31, 2024	2024		2023			2022			2021			2020			Prior
Internal Risk Grade:
Pass	$	44,489	$	177,286		$	393,071		$	185,076		$	88,124		$	64,619		$	2,521	$	0	$	955,186
Special Mention		0		416			10,082			8,419			2,812			1,715			39		0		23,483
Substandard		0		51			2,784			1,928			646			153			5		0		5,567
Doubtful		0		0			0			0			0			0			0		0		0
Total	$	44,489	$	177,753		$	405,937		$	195,423		$	91,582		$	66,487		$	2,565	$	0	$	984,236
Current-period charge-offs		0		(32	)		(1,366	)		(646	)		(172	)		(144	)		0		0		(2,360	)
Current-period recoveries		0		5			73			37			41			61			0		0		217
Current-period net (charge- offs) recoveries	$	0	$	(27	)	$	(1,293	)	$	(609	)	$	(131	)	$	(83	)	$	0	$	0	$	(2,143	)

	Term Loans Origination Year																		Revolving loans amortized cost basis		Revolving loans converted to term loans		Total
As of December 31, 2023	2023			2022			2021			2020			2019			Prior
Internal Risk Grade:
Pass	$	192,184		$	428,295		$	205,015		$	102,300		$	62,861		$	18,876		$	2,638	$	0	$	1,012,169
Special Mention		674			16,031			12,220			4,454			2,050			977			46		0		36,452
Substandard		0			3,010			2,207			647			126			96			21		0		6,107
Doubtful		0			0			0			0			0			0			0		0		0
Total	$	192,858		$	447,336		$	219,442		$	107,401		$	65,037		$	19,949		$	2,705	$	0	$	1,054,728
Current-period charge-offs		(9	)		(3,205	)		(2,699	)		(933	)		(319	)		(191	)		0		0		(7,356	)
Current-period recoveries		0			219			125			54			54			235			0		0		687
Current-period net (charge- offs) recoveries	$	(9	)	$	(2,986	)	$	(2,574	)	$	(879	)	$	(265	)	$	44		$	0	$	0	$	(6,669	)

At March 31, 2024 and December 31, 2023, other real estate owned (“OREO”) included in other assets in the Consolidated Balance Sheets was $2,670 and $2,615, respectively. OREO consists of real estate acquired in foreclosure or other settlement of loans. Such assets are carried at the lower of the investment in the assets or the fair value of the assets less estimated selling costs. Any adjustment to the fair value at the date of transfer is charged against the allowance for loan losses. Any subsequent valuation adjustments as well as any costs relating to operating, holding or disposing of the property are recorded in other expense in the period incurred. At March 31, 2024 and December 31, 2023, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $258 and $142, respectively.