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Note 3- LOANS LEASES RECEIVABLE

3 Months Ended

Mar. 31, 2022

NOTE 3 – LOANS/LEASES RECEIVABLE

The composition of the loan/lease portfolio as of March 31, 2022 and December 31, 2021 is presented as follows:


	March 31, 2022		December 31, 2021

	(dollars in thousands)

C&I:
C&I - revolving	$	263,441	$	248,483
C&I - other *		1,374,221		1,346,602
		1,637,662		1,595,085

CRE - owner occupied		439,257		421,701
CRE - non-owner occupied		679,898		646,500
Construction and land development		863,116		918,571
Multi-family		711,682		600,412
Direct financing leases**		43,330		45,191
1-4 family real estate***		379,613		377,361
Consumer		73,310		75,311
		4,827,868		4,680,132
Allowance for credit losses		(74,786)		(78,721)
	$	4,753,082	$	4,601,411
** Direct financing leases:
Net minimum lease payments to be received	$	47,410	$	49,362
Estimated unguaranteed residual values of leased assets		165		165
Unearned lease/residual income		(4,245)		(4,336)
		43,330		45,191
Plus deferred lease origination costs, net of fees		484		568
		43,814		45,759
Less allowance for credit losses		(1,465)		(1,546)
	$	42,349	$	44,213

* Includes equipment financing agreements outstanding at m2, totaling $242.5 million and $225.1 million as of March 31, 2022 and December 31, 2021, respectively and PPP loans totaling $6.3 million and $28.2 million as of March 31, 2022 and December 31, 2021, respectively.

** Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors, which is combined with management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The majority of leases with residual values contain a lease options rider, which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal.

*** Includes residential real estate loans held for sale totaling $3.0 million and $3.8 million as of March 31, 2022 and December 31, 2021, respectively.

Changes in accretable yield for the loans acquired in mergers and acquisitions are as follows:


	Three months ended
	March 31, 2022		March 31, 2021
	Performing		Performing
	Loans		Loans


Balance at the beginning of the period	$	(1,533)	$	(3,139)
Accretion recognized		161		609
Balance at the end of the period	$	(1,372)	$	(2,530)

The aging of the loan/lease portfolio by classes of loans/leases as of March 31, 2022 and December 31, 2021 is presented as follows:


	As of March 31, 2022
										Accruing Past
				30-59 Days			60-89 Days			Due 90 Days or			Nonaccrual
Classes of Loans/Leases	Current			Past Due			Past Due			More			Loans/Leases			Total

	(dollars in thousands)
C&I:
C&I - revolving	$	263,441		$	—		$	—		$	—		$	—	$		263,441
C&I - other		1,370,189			2,083			476			4			1,469			1,374,221
CRE - owner occupied		439,257			—			—			—			—			439,257
CRE - non-owner occupied		679,898			—			—			—			—			679,898
Construction and land development		863,095			—			21			—			—			863,116
Multi-family		711,682			—			—			—			—			711,682
Direct financing leases		42,253			136			121			—			820			43,330
1-4 family real estate		378,032			1,156			—			—			425			379,613
Consumer		73,278			2			—			—			30			73,310
	$	4,821,125		$	3,377		$	618		$	4		$	2,744		$	4,827,868

As a percentage of total loan/lease portfolio		99.86	%		0.07	%		0.01	%		0.00	%		0.06	%		100.00	%


	As of December 31, 2021
										Accruing Past
				30-59 Days			60-89 Days			Due 90 Days or			Nonaccrual
Classes of Loans/Leases	Current			Past Due			Past Due			More			Loans/Leases			Total

	(dollars in thousands)

C&I
C&I - revolving	$	248,483		$	—		$	—		$	—		$	—		$	248,483
C&I - other		1,337,034			859			7,308			1			1,400			1,346,602
CRE - owner occupied		421,701			—			—			—			—			421,701
CRE - non-owner occupied		646,500			—			—			—			—			646,500
Construction and land development		918,498			—			—			—			73			918,571
Multi-family		600,412			—			—			—			—			600,412
Direct financing leases		44,174			10			160			—			847			45,191
1-4 family real estate		374,912			1,325			716			—			408			377,361
Consumer		75,272			8			—			—			31			75,311
	$	4,666,986		$	2,202		$	8,184		$	1		$	2,759		$	4,680,132

As a percentage of total loan/lease portfolio		99.57	%		0.05	%		0.17	%		0.00	%		0.06	%		100.00	%

NPLs by classes of loans/leases as of March 31, 2022 and December 31, 2021 are presented as follows:


	As of March 31, 2022
	Accruing Past		Nonaccrual		Nonaccrual
	Due 90 Days or		Loans/Leases		Loans/Leases				Percentage of
Classes of Loans/Leases	More		with an ACL		without an ACL		Total NPLs		Total NPLs

	(dollars in thousands)
C&I:
C&I - revolving	$	—	$	—	$	—	$	—	-	%
C&I - other		4		1,212		257		1,473	53.60
CRE - owner occupied		—		—		—		—	-
CRE - non-owner occupied		—		—		—		—	-
Construction and land development		—		—		—		—	-
Multi-family		—		—		—		—	-
Direct financing leases		—		820		—		820	29.84
1-4 family real estate		—		425		—		425	15.47
Consumer		—		30		—		30	1.09
	$	4	$	2,487	$	257	$	2,748	100.00	%


	As of December 31, 2021
	Accruing Past		Nonaccrual		Nonaccrual
	Due 90 Days or		Loans/Leases		Loans/Leases				Percentage of
Classes of Loans/Leases	More		with an ACL		without an ACL		Total NPLs		Total NPLs

		(dollars in thousands)

C&I:
C&I - revolving	$	—	$	—	$	—	$	—	-	%
C&I - other		1		1,130		270		1,401	50.77
CRE - owner occupied		—		—		—		—	-
CRE - non-owner occupied		—		—		—		—	-
Construction and land development		—		73		—		73	2.64
Multi-family		—		—		—		—	-
Direct financing leases		—		115		732		847	30.69
1-4 family real estate		—		408		—		408	14.78
Consumer		—		31		—		31	1.12
	$	1	$	1,757	$	1,002	$	2,760	100.00	%

The Company did not recognize any interest income on nonaccrual loans during the three months ended March 31, 2022 and 2021.

Changes in the ACL loans/leases by portfolio segment for the three months ended March 31, 2022 and 2021, respectively, are presented as follows:


	Three Months Ended March 31, 2022
					CRE		CRE		Construction				1-4
	C&I -		C&I -		Owner		Non-Owner		and Land		Multi-		Family
	Revolving		Other*		Occupied		Occupied		Development		Family		Real Estate		Consumer		Total

	(dollars in thousands)

Balance, beginning	$	3,907	$	25,982	$	8,501	$	8,549	$	16,972	$	9,339	$	4,541	$	930	$	78,721
Provision		(288)		(331)		(609)		(820)		(2,301)		997		(387)		(110)		(3,849)
Charge-offs		—		(449)		—		—		—		—		—		(7)		(456)
Recoveries		—		235		5		128		—		—		—		2		370
Balance, ending	$	3,619	$	25,437	$	7,897	$	7,857	$	14,671	$	10,336	$	4,154	$	815	$	74,786

* Included within the C&I – Other column are ACL on leases with a beginning balance of $1.5 million, negative provision of $27 thousand, charge-offs of $114 thousand and recoveries of $60 thousand. ACL on leases was $1.5 million as of March 31, 2022.


	Three Months Ended March 31, 2021
									CRE		CRE		Construction				Direct		Residential		1-4
			C&I -		C&I -				Owner		Non-Owner		and Land		Multi-		Financing		Real		Family
	C&I		Revolving		Other*		CRE		Occupied		Occupied		Development		Family		Leases		Estate		Real Estate		Consumer		Total

	(dollars in thousands)

Balance, beginning	$	35,421	$	—	$	—	$	42,161	$	—	$	—	$	—	$	—	$	1,764	$	3,732	$	—	$	1,298	$	84,376
Adoption of ASU 2016-13		(35,421)		2,982		29,130		(42,161)		8,696		11,428		11,999		5,836		(1,764)		(3,732)		5,042		(137)		(8,102)
Provision		—		565		4,549		—		451		(286)		328		442		—		—		161		(217)		5,993
Charge-offs		—		—		(668)		—		—		—		—		—		—		—		(44)		(1)		(713)
Recoveries		—		—		156		—		—		13		—		—		—		—		6		102		277
Balance, ending	$	—	$	3,547	$	33,167	$	—	$	9,147	$	11,155	$	12,327	$	6,278	$	—	$	—	$	5,165	$	1,045	$	81,831

* Included within the C&I – Other column are ACL on leases with adoption impact of $685 thousand, provision of $135 thousand, charge-offs of $198 thousand and recoveries of $76 thousand. ACL on leases was $2.2 million as of March 31, 2021.

The composition of the ACL loans/leases by portfolio segment based on evaluation method are as follows:


	As of March 31, 2022
	Amortized Cost of Loans Receivable						Allowance for Credit Losses
	Individually		Collectively				Individually		Collectively
	Evaluated for		Evaluated for				Evaluated for		Evaluated for
	Credit Losses		Credit Losses		Total		Credit Losses		Credit Losses		Total

	(dollars in thousands)
C&I :
C&I - revolving	$	2,801	$	260,640	$	263,441	$	181	$	3,438	$	3,619
C&I - other*		14,806		1,402,745		1,417,551		2,185		23,252		25,437
		17,607		1,663,385		1,680,992		2,366		26,690		29,056
CRE - owner occupied		3,567		435,690		439,257		1,253		6,644		7,897
CRE - non-owner occupied		24,765		655,133		679,898		—		7,857		7,857
Construction and land development		10,362		852,754		863,116		1		14,670		14,671
Multi-family		—		711,682		711,682		—		10,336		10,336
1-4 family real estate		3,166		376,447		379,613		361		3,793		4,154
Consumer		385		72,925		73,310		47		768		815
	$	59,852	$	4,768,016	$	4,827,868	$	4,028	$	70,758	$	74,786

* Included within the C&I – Other category are leases individually evaluated of $820 thousand with a related allowance for credit losses of $128 thousand and leases collectively evaluated of $42.5 million with a related allowance for credit losses of $1.5 million.


	As of December 31, 2021
	Amortized Cost of Loans Receivable						Allowance for Credit Losses
	Individually		Collectively				Individually		Collectively
	Evaluated for		Evaluated for				Evaluated for		Evaluated for
	Credit Losses		Credit Losses		Total		Credit Losses		Credit Losses		Total

	(dollars in thousands)
C&I :
C&I - revolving	$	2,638	$	245,845	$	248,483	$	168	$	3,739	$	3,907
C&I - other*		13,456		1,378,337		1,391,793		743		25,239		25,982
		16,094		1,624,182		1,640,276		911		28,978		29,889
CRE - owner occupied		3,841		417,860		421,701		1,264		7,237		8,501
CRE - non-owner occupied		25,006		621,494		646,500		—		8,549		8,549
Construction and land development		10,436		908,135		918,571		11		16,961		16,972
Multi-family		—		600,412		600,412		—		9,339		9,339
1-4 family real estate		2,950		374,411		377,361		329		4,212		4,541
Consumer		350		74,961		75,311		39		891		930
	$	58,677	$	4,621,455	$	4,680,132	$	2,554	$	76,167	$	78,721

* Included within the C&I – Other category are leases individually evaluated of $847 thousand with a related allowance for credit losses of $35 thousand and leases collectively evaluated of $44.4 million with a related allowance for credit losses of $1.5 million.

The following table presents the amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses as of March 31, 2022 and December 31, 2021:



	As of March 31, 2022
			Non
	Commercial		Owner-Occupied		Owner Occupied
	Assets		Real Estate		Real Estate		Securities		Equipment		Other		Total

	(dollars in thousands)
C & I:
C&I - revolving	$	2,681	$	—	$	—	$	—	$	120	$	—	$	2,801
C&I - other*		1,427		—		2,467		128		8,412		2,372		14,806
		4,108		—		2,467		128		8,532		2,372		17,607
CRE - owner occupied		—		—		3,567		—		—		—		3,567
CRE - non-owner occupied		—		24,765		—		—		—		—		24,765
Construction and land development		—		10,362		—		—		—		—		10,362
Multi-family		—		—		—		—		—		—		—
1-4 family real estate		—		804		2,362		—		—		—		3,166
Consumer		—		1		376		—		—		8		385
	$	4,108	$	35,932	$	8,772	$	128	$	8,532	$	2,380	$	59,852

* Included within the C&I – Other category are leases individually evaluated of $820 thousand with primary collateral of equipment.


	As of December 31, 2021
			Non
	Commercial		Owner-Occupied		Owner Occupied
	Assets		Real Estate		Real Estate		Securities		Equipment		Other		Total

	(dollars in thousands)
C & I:
C&I - revolving	$	2,518	$	—	$	—	$	—	$	120	$	—	$	2,638
C&I - other*		683		—		2,471		134		9,877		291		13,456
		3,201		—		2,471		134		9,997		291		16,094
CRE - owner occupied		—		—		3,841		—		—		—		3,841
CRE - non-owner occupied		—		25,006		—		—		—		—		25,006
Construction and land development		—		10,362		74		—		—		—		10,436
Multi-family		—		—		—		—		—		—		—
1-4 family real estate		—		817		2,133		—		—		—		2,950
Consumer		—		—		340		—		1		9		350
	$	3,201	$	36,185	$	8,859	$	134	$	9,998	$	300	$	58,677

* Included within the C&I – Other category are leases individually evaluated of $847 thousand with primary collateral of equipment.

For certain C&I loans, all CRE loans, certain construction and land development loans, all multifamily loans and certain 1-4 family residential loans, the Company’s credit quality indicator consists of internally assigned risk ratings. Each such loan is assigned a risk rating upon origination. The risk rating is reviewed every 15 months, at a minimum, and on an as-needed basis depending on the specific circumstances of the loan.

For certain C&I loans (including equipment financing agreements and direct financing leases), certain construction and land development, certain 1-4 family real estate loans, and all consumer loans, the Company’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated daily by the Company’s loan system.

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of March 31, 2022:


	As of March 31, 2022
	Term Loans
	Amortized Cost Basis by Origination Year
													Revolving
													Loans
Internally Assigned													Amortized
Risk Rating	2022		2021		2020		2019		2018		Prior		Cost Basis		Total

	(dollars in thousands)
C&I - revolving
Pass (Ratings 1 through 5)	$	—	$	—	$	—	$	—	$	—	$	—	$	260,449	$	260,449
Special Mention (Rating 6)		—		—		—		—		—		—		191		191
Substandard (Rating 7)		—		—		—		—		—		—		2,801		2,801
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total C&I - revolving	$	—	$	—	$	—	$	—	$	—	$	—	$	263,441	$	263,441

C&I - other
Pass (Ratings 1 through 5)	$	134,078	$	329,424	$	317,610	$	127,119	$	79,548	$	127,637	$	—	$	1,115,416
Special Mention (Rating 6)		255		3,578		7		25		—		329		—		4,194
Substandard (Rating 7)		—		2,519		2,969		6,107		377		99		—		12,071
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total C&I - other	$	134,333	$	335,521	$	320,586	$	133,251	$	79,925	$	128,065	$	—	$	1,131,681

CRE - owner occupied
Pass (Ratings 1 through 5)	$	41,459	$	99,653	$	140,078	$	49,753	$	31,419	$	59,392	$	10,745	$	432,499
Special Mention (Rating 6)		56		—		—		—		148		2,987		—		3,191
Substandard (Rating 7)		576		—		—		1,246		1,229		516		—		3,567
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total CRE - owner occupied	$	42,091	$	99,653	$	140,078	$	50,999	$	32,796	$	62,895	$	10,745	$	439,257

CRE - non-owner occupied
Pass (Ratings 1 through 5)	$	70,649	$	164,063	$	149,524	$	83,183	$	65,477	$	72,195	$	3,417	$	608,508
Special Mention (Rating 6)		1,169		4,873		18,713		1,780		12,150		7,951		—		46,636
Substandard (Rating 7)		—		1,054		6,240		15,476		1,048		936		—		24,754
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total CRE - non-owner occupied	$	71,818	$	169,990	$	174,477	$	100,439	$	78,675	$	81,082	$	3,417	$	679,898

Construction and land development
Pass (Ratings 1 through 5)	$	67,369	$	366,918	$	246,856	$	95,054	$	34,661	$	452	$	15,112	$	826,422
Special Mention (Rating 6)		800		7,070		717		—		—		—		—		8,587
Substandard (Rating 7)		—		10,362		—		—		—		—		—		10,362
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total Construction and land development	$	68,169	$	384,350	$	247,573	$	95,054	$	34,661	$	452	$	15,112	$	845,371

Multi-family
Pass (Ratings 1 through 5)	$	45,350	$	252,544	$	196,255	$	97,500	$	106,138	$	11,329	$	2,515	$	711,631
Special Mention (Rating 6)		—		51		—		—		—		—		—		51
Substandard (Rating 7)		—		—		—		—		—		—		—		—
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total Multi-family	$	45,350	$	252,595	$	196,255	$	97,500	$	106,138	$	11,329	$	2,515	$	711,682

1-4 family real estate
Pass (Ratings 1 through 5)	$	14,717	$	43,640	$	22,315	$	14,481	$	6,154	$	7,755	$	2,159	$	111,221
Special Mention (Rating 6)		—		329		223		—		220		—		—		772
Substandard (Rating 7)		—		—		177		—		430		198		—		805
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total 1-4 family real estate	$	14,717	$	43,969	$	22,715	$	14,481	$	6,804	$	7,953	$	2,159	$	112,798

Consumer
Pass (Ratings 1 through 5)	$	—	$	984	$	473	$	100	$	210	$	780	$	2,915	$	5,462
Special Mention (Rating 6)		—		—		—		—		—		—		—		—
Substandard (Rating 7)		—		—		—		—		131		—		—		131
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total Consumer	$	—	$	984	$	473	$	100	$	341	$	780	$	2,915	$	5,593

Total	$	376,478	$	1,287,062	$	1,102,157	$	491,824	$	339,340	$	292,556	$	300,304	$	4,189,721


	As of March 31, 2022
	Term Loans
	Amortized Cost Basis by Origination Year												Revolving
													Loans
													Amortized
Delinquency Status *	2022		2021		2020		2019		2018		Prior		Cost Basis		Total

	(dollars in thousands)
C&I - other
Performing	$	90,552	$	92,958	$	37,588	$	14,734	$	4,689	$	755	$	—	$	241,276
Nonperforming		—		1,021		157		86		—		—		—		1,264
Total C&I - other	$	90,552	$	93,979	$	37,745	$	14,820	$	4,689	$	755	$	—	$	242,540

Direct financing leases
Performing	$	15,181	$	6,535	$	8,554	$	6,874	$	4,093	$	1,273	$	—	$	42,510
Nonperforming		—		801		19		—		—		—		—		820
Total Direct financing leases	$	15,181	$	7,336	$	8,573	$	6,874	$	4,093	$	1,273	$	—	$	43,330

Construction and land development
Performing	$	5,626	$	10,768	$	707	$	—	$	484	$	—	$	160	$	17,745
Nonperforming		—		—		—		—		—		—		—		—
Total Construction and land development	$	5,626	$	10,768	$	707	$	—	$	484	$	—	$	160	$	17,745

1-4 family real estate
Performing	$	19,739	$	92,023	$	77,036	$	18,020	$	10,009	$	49,489	$	74	$	266,390
Nonperforming		—		—		—		—		96		329		—		425
Total 1-4 family real estate	$	19,739	$	92,023	$	77,036	$	18,020	$	10,105	$	49,818	$	74	$	266,815

Consumer
Performing	$	2,048	$	3,834	$	3,733	$	1,816	$	1,460	$	1,489	$	53,307	$	67,687
Nonperforming		—		—		—		14		—		16		—		30
Total Consumer	$	2,048	$	3,834	$	3,733	$	1,830	$	1,460	$	1,505	$	53,307	$	67,717

Total	$	133,146	$	207,940	$	127,794	$	41,544	$	20,831	$	53,351	$	53,541	$	638,147

* Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual and accruing loans/leases that are greater than or equal to 90 days past due.

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of December 31, 2021:


	As of December 31, 2021
	Term Loans
	Amortized Cost Basis by Origination Year
													Revolving
													Loans
Internally Assigned													Amortized
Risk Rating	2021		2020		2019		2018		2017		Prior		Cost Basis		Total

	(dollars in thousands)
C&I - revolving
Pass (Ratings 1 through 5)	$	—	$	—	$	—	$	—	$	—	$	—	$	245,212	$	245,212
Special Mention (Rating 6)		—		—		—		—		—		—		633		633
Substandard (Rating 7)		—		—		—		—		—		—		2,638		2,638
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total C&I - revolving	$	—	$	—	$	—	$	—	$	—	$	—	$	248,483	$	248,483

C&I - other
Pass (Ratings 1 through 5)	$	391,532	$	362,256	$	133,678	$	82,177	$	83,419	$	53,310	$	—	$	1,106,372
Special Mention (Rating 6)		3,580		373		349		—		336		2		—		4,640
Substandard (Rating 7)		506		2,366		7,138		396		55		46		—		10,507
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total C&I - other	$	395,618	$	364,995	$	141,165	$	82,573	$	83,810	$	53,358	$	—	$	1,121,519

CRE - owner occupied
Pass (Ratings 1 through 5)	$	118,014	$	143,045	$	47,660	$	30,523	$	17,038	$	46,185	$	11,477	$	413,942
Special Mention (Rating 6)		637		—		—		233		1,846		1,202		—		3,918
Substandard (Rating 7)		—		—		2,080		1,239		522		—		—		3,841
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total CRE - owner occupied	$	118,651	$	143,045	$	49,740	$	31,995	$	19,406	$	47,387	$	11,477	$	421,701

CRE - non-owner occupied
Pass (Ratings 1 through 5)	$	176,813	$	145,712	$	88,697	$	63,849	$	55,752	$	28,808	$	8,592	$	568,223
Special Mention (Rating 6)		7,295		20,881		1,802		12,230		5,494		5,580		—		53,282
Substandard (Rating 7)		1,105		6,297		15,563		1,087		943		—		—		24,995
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total CRE - non-owner occupied	$	185,213	$	172,890	$	106,062	$	77,166	$	62,189	$	34,388	$	8,592	$	646,500

Construction and land development
Pass (Ratings 1 through 5)	$	394,045	$	248,360	$	126,941	$	106,790	$	3,012	$	—	$	13,277	$	892,425
Special Mention (Rating 6)		—		—		—		—		—		—		—		—
Substandard (Rating 7)		10,362		—		—		—		—		—		—		10,362
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total Construction and land development	$	404,407	$	248,360	$	126,941	$	106,790	$	3,012	$	—	$	13,277	$	902,787

Multi-family
Pass (Ratings 1 through 5)	$	266,120	$	197,224	$	74,033	$	47,486	$	5,609	$	7,376	$	2,564	$	600,412
Special Mention (Rating 6)		—		—		—		—		—		—		—		—
Substandard (Rating 7)		—		—		—		—		—		—		—		—
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total Multi-family	$	266,120	$	197,224	$	74,033	$	47,486	$	5,609	$	7,376	$	2,564	$	600,412

1-4 family real estate
Pass (Ratings 1 through 5)	$	47,097	$	24,029	$	16,188	$	7,569	$	5,845	$	5,213	$	3,079	$	109,020
Special Mention (Rating 6)		37		—		—		—		—		—		—		37
Substandard (Rating 7)		—		178		—		437		201		—		—		816
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total 1-4 family real estate	$	47,134	$	24,207	$	16,188	$	8,006	$	6,046	$	5,213	$	3,079	$	109,873

Consumer
Pass (Ratings 1 through 5)	$	1,558	$	487	$	108	$	216	$	—	$	824	$	2,031	$	5,224
Special Mention (Rating 6)		—		—		—		—		—		—		—		—
Substandard (Rating 7)		—		—		—		137		—		—		—		137
Doubtful (Rating 8)		—		—		—		—		—		—		—		—
Total Consumer	$	1,558	$	487	$	108	$	353	$	—	$	824	$	2,031	$	5,361

Total	$	1,418,701	$	1,151,208	$	514,237	$	354,369	$	180,072	$	148,546	$	289,503	$	4,056,636




	As of December 31, 2021
	Term Loans
	Amortized Cost Basis by Origination Year												Revolving
													Loans
													Amortized
Delinquency Status *	2021		2020		2019		2018		2017		Prior		Cost Basis		Total

	(dollars in thousands)
C&I - other
Performing	$	117,163	$	54,261	$	33,390	$	14,274	$	4,200	$	455	$	—	$	223,743
Nonperforming		95		177		644		368		42		14		—		1,340
Total C&I - other	$	117,258	$	54,438	$	34,034	$	14,642	$	4,242	$	469	$	—	$	225,083

Direct financing leases
Performing	$	6,690	$	12,130	$	11,638	$	9,235	$	3,695	$	956	$	—	$	44,344
Nonperforming		—		732		—		52		18		45		—		847
Total Direct financing leases	$	6,690	$	12,862	$	11,638	$	9,287	$	3,713	$	1,001	$	—	$	45,191

Construction and land development
Performing	$	12,857	$	2,080	$	—	$	494	$	—	$	—	$	280	$	15,711
Nonperforming		—		—		—		—		73		—		—		73
Total Construction and land development	$	12,857	$	2,080	$	—	$	494	$	73	$	—	$	280	$	15,784

1-4 family real estate
Performing	$	104,005	$	78,713	$	19,001	$	10,784	$	10,533	$	43,976	$	68	$	267,080
Nonperforming		—		—		—		106		—		302		—		408
Total 1-4 family real estate	$	104,005	$	78,713	$	19,001	$	10,890	$	10,533	$	44,278	$	68	$	267,488

Consumer
Performing	$	4,891	$	4,020	$	2,114	$	1,660	$	593	$	1,230	$	55,411	$	69,919
Nonperforming		—		—		15		—		15		1		—		31
Total Consumer	$	4,891	$	4,020	$	2,129	$	1,660	$	608	$	1,231	$	55,411	$	69,950

Total	$	245,701	$	152,113	$	66,802	$	36,973	$	19,169	$	46,979	$	55,759	$	623,496

As of March 31, 2022 and December 31, 2021, TDRs totaled $120 thousand and $494 thousand, respectively.

There were no TDRs restructured during the first three months of 2022 or 2021. For the three months ended March 31, 2022 and March 31, 2021, none of the Company's TDRs redefaulted within 12 months subsequent to restructure, where default is defined as delinquency of 90 days or more and/or placement on nonaccrual status. There were no TDRs that were restructured and charged off for the three months ended March 31, 2022.

Changes in the ACL for OBS exposures for the three months ended March 31, 2022 and 2021 are presented as follows:


	Three Months Ended
	March 31, 2022		March 31, 2021

	(dollars in thousands)

Balance, beginning	$	6,886	$	—
Impact of adopting ASU 2016-13		—		9,117
Provisions credited to expense		933		729
Balance, ending	$	7,819	$	9,846