Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Allowance for Credit Losses on Financing Receivables

Activity in the allowance for credit losses is summarized as follows: 

	For the Year Ended
	December 31, 2022
(In thousands)	Beginning Balance		Initial Allowance on PCD Loans Acquired During the Period		Provision for Loan Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	2,751	$	518	$	3,127	$	—	$	68	$	—	$	6,464
Commercial real estate - owner occupied	8,579		38		(2,566)		—		—		—		6,051
Commercial real estate - non-owner occupied	36,617		880		5,871		(179)		69		—		43,258
Residential real estate	12,811		229		16,284		(84)		393		(28)		29,605
Commercial and financial	19,744		1,699		(5,367)		(1,233)		807		(2)		15,648
Consumer	2,813		1,911		8,834		(1,415)		733		(7)		12,869
Total	$	83,315	$	5,275	$	26,183	$	(2,911)	$	2,070	$	(37)	$	113,895

	For the Year Ended
	December 31, 2021
(In thousands)	Beginning Balance		Initial Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	4,920	$	—	$	(2,300)	$	—	$	133	$	(2)	$	2,751
Commercial real estate - owner occupied	9,868		—		(1,289)		—		—		—		8,579
Commercial real estate - non-owner occupied	38,266		1,327		(1,664)		(1,327)		15		—		36,617
Residential real estate	17,500		—		(5,822)		(57)		1,196		(6)		12,811
Commercial and financial	18,690		1,719		2,292		(3,987)		1,030		—		19,744
Consumer	3,489		—		(638)		(727)		697		(8)		2,813
Total	$	92,733	$	3,046	$	(9,421)	$	(6,098)	$	3,071	$	(16)	$	83,315

	For the Year Ended
	December 31, 2020
(In thousands)	Beginning Balance		Impact of Adoption of ASC 326		Initial Allowance on PCD Loans Acquired During the Period		Provision for Loan Losses 1		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	1,842	$	1,479	$	87	$	1,399	$	—	$	114	$	(1)	$	4,920
Commercial real estate - owner occupied	5,361		80		1,161		3,632		(310)		18		(74)		9,868
Commercial real estate - non-owner occupied	7,863		9,341		2,236		18,966		(177)		37		—		38,266
Residential real estate	7,667		5,787		124		3,840		(240)		350		(28)		17,500
Commercial and financial	9,716		3,677		2,643		8,329		(7,091)		1,416		—		18,690
Consumer	2,705		862		28		1,613		(2,024)		316		(11)		3,489
Total	$	35,154	$	21,226	$	6,279	$	37,779	$	(9,842)	$	2,251	$	(114)	$	92,733
1In addition, the Company recorded a $0.4 million provision to establish a valuation allowance on accrued interest receivable.

Loan Portfolio and Related Allowance

The Company’s loan portfolio and related allowance at December 31, 2022 and 2021 is shown in the following tables. 

	December 31, 2022
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	59	$	—	$	587,273	$	6,464	$	587,332	$	6,464
Commercial real estate - owner occupied	3,346		41		1,474,956		6,010		1,478,302		6,051
Commercial real estate - non-owner occupied	4,183		230		2,585,591		43,028		2,589,774		43,258
Residential real estate	11,333		275		1,838,170		29,330		1,849,503		29,605
Commercial and financial	12,167		2,639		1,336,469		13,009		1,348,636		15,648
Consumer	426		362		286,161		12,507		286,587		12,869
Paycheck Protection Program	—		—		4,590		—		4,590		—
Total	$	31,514	$	3,547	$	8,113,210	$	110,348	$	8,144,724	$	113,895

	December 31, 2021
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	271	$	92	$	230,553	$	2,659	$	230,824	$	2,751
Commercial real estate - owner occupied	5,131		419		1,192,643		8,160		1,197,774		8,579
Commercial real estate - non-owner occupied	5,905		27		1,730,534		36,590		1,736,439		36,617
Residential real estate	16,345		646		1,409,009		12,165		1,425,354		12,811
Commercial and financial	11,470		2,885		1,057,886		16,859		1,069,356		19,744
Consumer	741		685		173,434		2,128		174,175		2,813
Paycheck Protection Program	—		—		91,107		—		91,107		—
Total	$	39,863	$	4,754	$	5,885,166	$	78,561	$	5,925,029	$	83,315