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Financial Instruments with Off-Balance Sheet Risk (Tables)
3 Months Ended
Mar. 31, 2020
Risks and Uncertainties [Abstract]  
Schedule of financial instruments with off-balance sheet risk
The table below presents our financial instruments with off-balance sheet risk, as well as the activity in the allowance for off-balance sheet credit losses related to those financial instruments. This allowance is recorded in other liabilities on the consolidated balance sheet.
 
 
Three months ended March 31,
(in thousands)
 
2020
 
2019
Beginning balance of allowance for off-balance sheet credit losses
 
$
8,640

 
$
11,434

Impact of CECL adoption
 
563

 

Provision for off-balance sheet credit losses
 
971

 
(1,639
)
Ending balance of allowance for off-balance sheet credit losses
 
$
10,174

 
$
9,795

 
 
 
 
 
(in thousands)
 
March 31, 2020
 
December 31, 2019
Commitments to extend credit - period end balance
 
$
7,301,491

 
$
8,066,655

Standby letters of credit - period end balance
 
$
255,399

 
$
261,405