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Loans and Allowance for Credit Losses - Loans (Tables)
 3 Months Ended
Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Financing Receivable Credit Quality Indicators
Loans, net of unearned income, are summarized as follows by portfolio segment:
(In thousands)March 31, 2024December 31, 2023
Commercial real estate
CRE Nonowner Occupied$1,174,774 $1,149,553 
CRE Owner Occupied622,574 629,904 
Multifamily334,952 309,059 
Farmland212,018 212,690 
Total Commercial real estate2,344,318 2,301,206 
Commercial and industrial
671,395 675,079 
Construction
Residential Construction103,861 92,843 
Other Construction383,428 362,624 
Total Construction487,289 455,467 
Residential mortgage
1-4 Family 1st Lien334,557 339,142 
1-4 Family Rental340,052 341,937 
HELOC and Junior Liens132,703 132,795 
Total Residential Mortgage807,312 813,874 
Consumer7,135 7,166 
Total loans$4,317,449 $4,252,792 
March 31, 2024
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20242023202220212020PriorTotal
Commercial real estate
Pass$49,466 $289,970 $568,000 $372,639 $293,680 $688,117 $43,525 $2,305,397 
Special mention— 188 434 — — 16,407 191 17,220 
Substandard or lower— — 2,990 206 3,146 15,313 46 21,701 
Total commercial real estate49,466 290,158 571,424 372,845 296,826 719,837 43,762 2,344,318 
Commercial and industrial
Pass33,909 147,232 97,313 62,551 28,200 104,941 189,231 663,377 
Special mention— 79 61 282 — 2,280 2,272 4,974 
Substandard or lower— — — 591 — 1,938 515 3,044 
Total commercial and industrial33,909 147,311 97,374 63,424 28,200 109,159 192,018 671,395 
Construction
Pass13,362 164,703 185,710 56,475 20,419 16,024 28,785 485,478 
Special mention— — — — 1,811 — — 1,811 
Substandard or lower— — — — — — — — 
Total construction13,362 164,703 185,710 56,475 22,230 16,024 28,785 487,289 
Residential mortgage
Performing25,512 145,753 148,963 109,236 87,274 197,768 84,656 799,162 
Non-performing— 178 — 79 1,666 6,129 98 8,150 
Total residential mortgage25,512 145,931 148,963 109,315 88,940 203,897 84,754 807,312 
Gross charge offs— — (21)— — (7)— (28)
Net charge offs— — (21)— — (7)— (28)
Consumer
Performing1,550 1,251 622 591 221 281 2,619 7,135 
Non-performing— — — — — — — — 
Total consumer1,550 1,251 622 591 221 281 2,619 7,135 
Gross charge offs(16)— (2)— — (4)— (22)
Current period recoveries5 — — — — 1.00 — 6 
Net charge offs(11)— (2)— — (3)— (16)
Total
Pass$96,737 $601,905 $851,023 $491,665 $342,299 $809,082 $261,541 $3,454,252 
Special mention— 267 495 282 1,811 18,687 2,463 24,005 
Substandard or lower— — 2,990 797 3,146 17,251 561 24,745 
Performing27,062 147,004 149,585 109,827 87,495 198,049 87,275 806,297 
Nonperforming— 178 — 79 1,666 6,129 98 8,150 
Total$123,799 $749,354 $1,004,093 $602,650 $436,417 $1,049,198 $351,938 $4,317,449 
December 31, 2023
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20232022202120202019PriorTotal
Commercial real estate
Pass$271,655 $556,801 $386,911 $297,746 $178,434 $528,326 $38,261 $2,258,134 
Special mention194 — — — 6,009 10,482 186 16,871 
Substandard or lower— 5,209 208 3,162 229 17,345 48 26,201 
Total commercial real estate271,849 562,010 387,119 300,908 184,672 556,153 38,495 2,301,206 
Gross charge offs— — — — — (16)— (16)
Net charge offs— — — — — (16)— (16)
Commercial and industrial
Pass158,824 106,714 68,448 29,961 50,206 57,892 188,714 660,759 
Special mention— 89 2,224 — 227 2,200 4,391 9,131 
Substandard or lower— — 662 — — 1,978 2,549 5,189 
Total commercial and industrial158,824 106,803 71,334 29,961 50,433 62,070 195,654 675,079 
Gross charge offs— (100)— (111)— (27)— (238)
Net charge offs— (100)— (111)— (27)— (238)
Construction
Pass153,596 181,214 54,658 22,357 10,247 5,856 23,262 451,190 
Special mention— — — 1,447 — — — 1,447 
Substandard or lower— 573 — — — 2,257 — 2,830 
Total construction153,596 181,787 54,658 23,804 10,247 8,113 23,262 455,467 
Residential mortgage
Performing158,634 153,203 111,610 90,382 27,863 178,898 87,723 808,313 
Non-performing— — 93 1,470 — 3,998 — 5,561 
Total residential mortgage158,634 153,203 111,703 91,852 27,863 182,896 87,723 813,874 
Gross charge offs— — — — — (13)— (13)
Current period recoveries— — — — — 38 — 38 
Net recoveries— — — — — 25 — 25 
Consumer
Performing2,361 754 649 273 223 103 2,803 7,166 
Total consumer2,361 754 649 273 223 103 2,803 7,166 
Gross charge offs(86)— (10)(9)— (30)— (135)
Current period recoveries26 — — 1 — 5 — 32 
Net charge offs(60)— (10)(8)— (25)— (103)
Total
Pass$584,075 $844,729 $510,017 $350,064 $238,887 $592,074 $250,237 $3,370,083 
Special mention194 89 2,224 1,447 6,236 12,682 4,577 27,449 
Substandard or lower— 5,782 870 3,162 229 21,580 2,597 34,220 
Performing160,995 153,957 112,259 90,655 28,086 179,001 90,526 815,479 
Nonperforming— — 93 1,470 — 3,998 — 5,561 
Total$745,264 $1,004,557 $625,463 $446,798 $273,438 $809,335 $347,937 $4,252,792 
Loan Portfolio Summarized by the Past Due Status
The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The classes of the loan portfolio summarized by the past due status as of March 31, 2024 and December 31, 2023, are summarized as follows:
(In thousands)30-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days		Total Past
Due		CurrentTotal LoansLoans
Receivable
> 90 Days and
Accruing
March 31, 2024
Commercial real estate$9,647 $— $778 $10,425 $2,333,893 $2,344,318 $— 
Commercial and industrial— 87 1,771 1,858 669,537 671,395 — 
Construction— — — — 487,289 487,289 — 
Residential mortgage1,328 387 2,201 3,916 803,396 807,312 — 
Consumer18 — 25 43 7,092 7,135 25 
Total$10,993 $474 $4,775 $16,242 $4,301,207 $4,317,449 $25 
(In thousands)30-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days		Total Past
Due		CurrentTotal LoansLoans
Receivable
> 90 Days and
Accruing
December 31, 2023
Commercial real estate$5,073 $682 $2,974 $8,729 $2,292,477 $2,301,206 $— 
Commercial and industrial638 24 1,270 1,932 673,147 675,079 — 
Construction— 270 2,559 2,829 452,638 455,467 — 
Residential mortgage4,648 267 2,518 7,433 806,441 813,874 — 
Consumer41 31 — 72 7,094 7,166 — 
Total$10,400 $1,274 $9,321 $20,995 $4,231,797 $4,252,792 $— 
Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of March 31, 2024 and December 31, 2023 are summarized as follows:
March 31, 2024December 31, 2023
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
Commercial real estate$449 $4,139 $4,588 $454 $6,133 $6,587 
Commercial and industrial1,202 1,156 2,358 1,222 64 1,286 
Construction— — — — 2,559 2,559 
Residential mortgage41 3,402 3,443 2 3,782 3,784 
Consumer— — — — — — 
$1,692 $8,697 $10,389 $1,678 $12,538 $14,216 
Allowance and Recorded Investment in Financing Receivables
The following tables present the activity in the ACL - loans by portfolio segment for the three months ended March 31, 2024 and three months ended March 31, 2023:
(In thousands)
As of March 31, 2024Balance at
December 31, 2023		Charge offsRecoveriesNet loans (charged off) recovered
(Benefit)/Provision for credit losses
Balance at
March 31, 2024
Commercial Real Estate
CRE Nonowner Occupied10,267 — — — 150 10,417 
CRE Owner Occupied5,646 — — — (44)5,602 
Multifamily2,202 — — — 168 2,370 
Farmland2,064 — — — (62)2,002 
Commercial and industrial7,131 — — — (631)6,500 
Construction
Residential Construction1,256 — — — (80)1,176 
Other Construction2,146 — — — 25 2,171 
Residential Mortgage
1-4 Family 1st Lien1,207 (7)— (7)71 1,271 
1-4 Family Rental1,859 (21)— (21)(299)1,539 
HELOC and Junior Liens389 — — — 68 457 
Consumer20 (22)6 (16)15 19 
Total34,187 (50)6 (44)(619)33,524 
(In thousands)Balance at
December 31, 2022		CECL ImpactCharge offsRecoveriesNet loans (charged off) recovered
Provision/(Benefit) for credit losses
Balance at
March 31, 2023
Commercial Real Estate
CRE Nonowner Occupied$8,284 $259 $— $— $— $(368)$8,175 
CRE Owner Occupied2,916 91 (16)— (16)88 3,079 
Multifamily1,111 35 — — — 13 1,159 
Farmland831 26 — — — 42 899 
Commercial and industrial4,593 6,601 (111)— (111)186 11,269 
Construction
Residential Construction— 1,270 — — — 153 1,423 
Other Construction— 1,931 — — — 277 2,208 
Residential Mortgage
1-4 Family 1st Lien370 1,307 (4)— (4)(317)1,356 
1-4 Family Rental288 731 — 30 30 17 1,066 
HELOC and Junior Liens661 (230)— — — 21 452 
Consumer29 154 (19)7 (12)8 179 
Unallocated(126)(244)— — — 370 — 
Total$18,957 $11,931 $(150)$37 $(113)$490 $31,265 
The following table presents the ACL for loans and the amortized cost basis of the loans by the measurement methodology used as of March 31, 2024 and December 31, 2023:
(In thousands)ACL - LoansLoans
March 31, 2024Collectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal ACL - LoansCollectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal Loans
Commercial real estate
CRE Nonowner Occupied$10,061 $356 $10,417 $1,172,396 $2,378 $1,174,774 
CRE Owner Occupied5,602 — 5,602 620,534 2,040 622,574 
Multifamily2,351 19 2,370 334,781 171 334,952 
Farmland2,002 — 2,002 212,018 — 212,018 
Commercial and industrial5,761 739 6,500 669,037 2,358 671,395 
Construction
Residential Construction1,176 — 1,176 103,861 — 103,861 
Other Construction2,171 — 2,171 383,428 — 383,428 
Residential mortgage
1-4 Family 1st Lien1,271 — 1,271 332,822 1,735 334,557 
1-4 Family Rental1,535 4 1,539 339,696 356 340,052 
HELOC and Junior Liens457 — 457 131,351 1,352 132,703 
Consumer19 — 19 7,135 — 7,135 
Total$32,406 $1,118 $33,524 $4,307,059 $10,390 $4,317,449 
(In thousands)ACL - LoansLoans
December 31, 2023Collectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal ACL - LoansCollectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal Loans
Commercial real estate
CRE Nonowner Occupied$9,906 $361 $10,267 $1,145,048 $4,505 $1,149,553 
CRE Owner Occupied5,646 — 5,646 627,995 1,909 629,904 
Multifamily2,190 12 2,202 308,886 173 309,059 
Farmland2,064 — 2,064 212,690 — 212,690 
Commercial and industrial6,419 712 7,131 673,793 1,286 675,079 
Construction
Residential Construction1,256 — 1,256 92,270 573 92,843 
Other Construction2,146 — 2,146 360,368 2,256 362,624 
Residential mortgage
1-4 Family 1st Lien1,207 — 1,207 337,267 1,875 339,142 
1-4 Family Rental1,857 2 1,859 341,236 701 341,937 
HELOC and Junior Liens389 — 389 131,587 1,208 132,795 
Consumer20 — 20 7,166 — 7,166 
Total$33,100 $1,087 $34,187 $4,238,306 $14,486 $4,252,792 
Troubled Debt Restructurings Information related to loans modified (by type of modification), whereby the borrower was experiencing financial difficulty at the time of modification, is set forth in the following table:
(In thousands)Interest Only
Term Extension		Combination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Three months ended March 31, 2024
Residential Mortgage$— $— $92 $92 0.01 %
  Total$— $— $92 $92 0.01 %

(In thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Three months ended March 31, 2023
Commercial real estate$51 $— $180 $231 0.04 %
Total$51 $— $180 $231 0.04 %