Note 5 - Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

(dollars in thousands)	September 30, 2023			December 31, 2022
Loans:(1)
Real Estate:
Construction and land development	$	259,778		$	276,876
Commercial real estate (2)		1,164,210			1,312,132
Single-family residential mortgages		1,505,307			1,464,108
Commercial:
Commercial and industrial		127,655			201,223
SBA		50,420			61,411
Other:
Other loans		13,582			20,699
Total loans (1)	$	3,120,952		$	3,336,449
Allowance for credit losses		(42,430	)		(41,076	)
Total loans, net	$	3,078,522		$	3,295,373

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	For the Three Months Ended September 30,
	2023											2022
(dollars in thousands)	Real Estate			Commercial		Other			Total			Real Estate		Commercial			Other			Total
Allowance for credit losses:
Beginning balance	$	40,869		$	1,733	$	490		$	43,092		$	32,105	$	2,646		$	1,538		$	36,289
Provisions		963			809		(228	)		1,544			2,271		(525	)		20			1,766
Charge-offs		(2,150	)		—		(67	)		(2,217	)		—		(5	)		(44	)		(49	)
Recoveries		—			1		10			11			—		169			7			176
Ending allowance balance	$	39,682		$	2,543	$	205		$	42,430		$	34,376	$	2,285		$	1,521		$	38,182

	For the Nine Months Ended September 30,
	2023												2022
(dollars in thousands)	Real Estate			Commercial			Other			Total			Real Estate		Commercial			Other			Total
Allowance for credit losses:
Beginning balance	$	37,935		$	2,425		$	716		$	41,076		$	28,592	$	3,793		$	527		$	32,912
ASU 2016-13 Transition Adjustment		—			—			—			—			1,612		(604	)		1,127			2,135
Adjusted beginning balance	$	37,935		$	2,425		$	716		$	41,076		$	30,204	$	3,189		$	1,654		$	35,047
Provisions		4,389			178			(270	)		4,297			4,172		(1,128	)		4			3,048
Charge-offs		(2,642	)		(62	)		(288	)		(2,992	)		—		(5	)		(146	)		(151	)
Recoveries		—			2			47			49			—		229			9			238
Ending allowance balance	$	39,682		$	2,543		$	205		$	42,430		$	34,376	$	2,285		$	1,521		$	38,182

Financing Receivable Credit Quality Indicators [Table Text Block]

(dollars in thousands)	Term Loan by Vintage
September 30, 2023	2023		2022			2021			2020			2019		Prior			Revolving		Revolving Converted to Term During the Period		Total
Real estate:
Construction and land development
Pass	$	198,431	$	34,695		$	10,659		$	3,925		$	195	$	39		$	—	$	—	$	247,944
Special mention		—		—			11,706			—			—		—			—		—		11,706
Substandard		—		—			—			—			—		128			—		—		128
Doubtful		—		—			—			—			—		—			—		—		—
Total	$	198,431	$	34,695		$	22,365		$	3,925		$	195	$	167		$	—	$	—	$	259,778
YTD period charge-offs	$	—	$	—		$	—		$	—		$	—	$	(12	)	$	—	$	—	$	(12	)
YTD period recoveries		—		—			—			—			—		—			—		—		—
Net	$	—	$	—		$	—		$	—		$	—	$	(12	)	$	—	$	—	$	(12	)
Commercial real estate
Pass	$	56,171	$	428,412		$	189,451		$	178,948		$	97,249	$	159,579		$	—	$	—	$	1,109,810
Special mention		—		—			—			—			7,778		4,904			—		—		12,682
Substandard		303		9,800			—			11,514			2,303		17,798			—		—		41,718
Doubtful		—		—			—			—			—		—			—		—		—
Total	$	56,474	$	438,212		$	189,451		$	190,462		$	107,330	$	182,281		$	—	$	—	$	1,164,210
YTD period charge-offs	$	—	$	(2,078	)	$	—		$	(459	)	$	—	$	—		$	—	$	—	$	(2,537	)
YTD period recoveries		—		—			—			—			—		—			—		—		—
Net	$	—	$	(2,078	)	$	—		$	(459	)	$	—	$	—		$	—	$	—	$	(2,537	)
Single-family residential mortgages
Pass	$	147,380	$	601,539		$	243,372		$	127,839		$	85,342	$	276,884		$	1,813	$	—	$	1,484,169
Special mention		—		—			—			—			—		3,862			—		—		3,862
Substandard		—		455			—			4,868			545		11,323			85		—		17,276
Doubtful		—		—			—			—			—		—			—		—		—
Total	$	147,380	$	601,994		$	243,372		$	132,707		$	85,887	$	292,069		$	1,898	$	—	$	1,505,307
YTD period charge-offs	$	—	$	—		$	—		$	(93	)	$	—	$	—		$	—	$	—	$	(93	)
YTD period recoveries		—		—			—			—			—		—			—		—		—
Net	$	—	$	—		$	—		$	(93	)	$	—	$	—		$	—	$	—	$	(93	)
Commercial:
Commercial and industrial																						—
Pass	$	1,524	$	3,448		$	6,582		$	3,021		$	2,186	$	6,943		$	93,638	$	—	$	117,342
Special mention		—		—			—			—			—		—			2,632		—		2,632
Substandard		—		91			—			1,433			10		4,969			1,175		—		7,678
Doubtful		—		—			—			—			—		—			3		—		3
Total	$	1,524	$	3,539		$	6,582		$	4,454		$	2,196	$	11,912		$	97,448	$	—	$	127,655
YTD period charge-offs	$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—	$	—
YTD period recoveries		—		—			—			—			—		2			—		—		2
Net	$	—	$	—		$	—		$	—		$	—	$	2		$	—	$	—	$	2
SBA
Pass	$	2,812	$	11,066		$	10,146		$	3,079		$	4,607	$	13,934		$	—	$	—	$	45,644
Special mention		—		—			330			—			—		—			—		—		330
Substandard		—		—			—			—			85		4,361			—		—		4,446
Doubtful		—		—			—			—			—		—			—		—		—
Total	$	2,812	$	11,066		$	10,476		$	3,079		$	4,692	$	18,295		$	—	$	—	$	50,420
YTD period charge-offs	$	—	$	—		$	—		$	—		$	—	$	(62	)	$	—	$	—	$	(62	)
YTD period recoveries		—		—			—			—			—		—			—		—		—
Net	$	—	$	—		$	—		$	—		$	—	$	(62	)	$	—	$	—	$	(62	)
Other:
Pass	$	204	$	3,002		$	9,326		$	839		$	39	$	—		$	17	$	—	$	13,427
Special mention		—		—			—			—			—		—			—		—		—
Substandard		—		111			36			8			—		—			—		—		155
Doubtful		—		—			—			—			—		—			—		—		—
Total	$	204	$	3,113		$	9,362		$	847		$	39	$	—		$	17	$	—	$	13,582
YTD period charge-offs	$	—	$	(79	)	$	(199	)	$	(10	)	$	—	$	—		$	—	$	—	$	(288	)
YTD period recoveries		—		—			46			1			—		—			—		—		47
Net	$	—	$	(79	)	$	(153	)	$	(9	)	$	—	$	—		$	—	$	—	$	(241	)
Total by risk rating:
Pass	$	406,522	$	1,082,162		$	469,536		$	317,651		$	189,618	$	457,379		$	95,468	$	—	$	3,018,336
Special mention		—		—			12,036			—			7,778		8,766			2,632		—		31,212
Substandard		303		10,457			36			17,823			2,943		38,579			1,260		—		71,401
Doubtful		—		—			—			—			—		—			3		—		3
Total loans	$	406,825	$	1,092,619		$	481,608		$	335,474		$	200,339	$	504,724		$	99,363	$	—	$	3,120,952
Net charge-offs	$	—	$	(2,157	)	$	(153	)	$	(561	)	$	—	$	(72	)	$	—	$	—	$	(2,943	)

(dollars in thousands)	Term Loan by Vintage
December 31, 2022	2022		2021			2020		2019			2018		Prior			Revolving		Revolving Converted to Term During the Period		Total
Real estate:
Construction and land development
Pass	$	125,216	$	52,262		$	99,016	$	201		$	—	$	40		$	—	$	—	$	276,735
Special mention		—		—			—		—			—		—			—		—		—
Substandard		—		—			—		—			—		141			—		—		141
Doubtful		—		—			—		—			—		—			—		—		—
Total	$	125,216	$	52,262		$	99,016	$	201		$	—	$	181		$	—	$	—	$	276,876
YTD period charge-offs	$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—	$	—
YTD period recoveries		—		—			—		—			—		—			—		—		—
Net	$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—	$	—
Commercial real estate
Pass	$	479,304	$	293,058		$	195,051	$	110,442		$	73,013	$	117,068		$	—	$	—	$	1,267,936
Special mention		—		—			9,280		—			—		—			—		—		9,280
Substandard		287		—			8,652		2,329			222		23,426			—		—		34,916
Doubtful		—		—			—		—			—		—			—		—		—
Total	$	479,591	$	293,058		$	212,983	$	112,771		$	73,235	$	140,494		$	—	$	—	$	1,312,132
YTD period charge-offs	$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—	$	—
YTD period recoveries		—		—			—		—			—		—			—		—		—
Net	$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—	$	—
Single-family residential mortgages
Pass	$	637,893	$	255,529		$	137,964	$	96,355		$	134,415	$	182,893		$	2,992	$	—	$	1,448,041
Special mention		—		—			—		—			3,925		—			—		—		3,925
Substandard		—		—			3,954		—			7,631		452			105		—		12,142
Doubtful		—		—			—		—			—		—			—		—		—
Total	$	637,893	$	255,529		$	141,918	$	96,355		$	145,971	$	183,345		$	3,097	$	—	$	1,464,108
YTD period charge-offs	$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—	$	—
YTD period recoveries		—		—			—		—			—		—			—		—		—
Net	$	—	$	—		$	—	$	—		$	—	$	—		$	—	$	—	$	—
Commercial:
Commercial and industrial																					—
Pass	$	8,038	$	7,513		$	4,448	$	3,470		$	1,016	$	8,827		$	129,483	$	86	$	162,881
Special mention		—		5,987			—		—			1,638		17,805			3,577		—		29,007
Substandard		—		—			1,600		16			—		339			7,380		—		9,335
Doubtful		—		—			—		—			—		—			—		—		—
Total	$	8,038	$	13,500		$	6,048	$	3,486		$	2,654	$	26,971		$	140,440	$	86	$	201,223
YTD period charge-offs	$	—	$	—		$	—	$	(5	)	$	—	$	—		$	—	$	—	$	(5	)
YTD period recoveries		—		—			—		—			—		2			—		—		2
Net	$	—	$	—		$	—	$	(5	)	$	—	$	2		$	—	$	—	$	(3	)
SBA
Pass	$	14,922	$	10,664		$	6,496	$	4,688		$	2,579	$	16,793		$	—	$	—	$	56,142
Special mention		—		—			—		—			—		—			—		—		—
Substandard		—		—			—		91			1,017		4,161			—		—		5,269
Doubtful		—		—			—		—			—		—			—		—		—
Total	$	14,922	$	10,664		$	6,496	$	4,779		$	3,596	$	20,954		$	—	$	—	$	61,411
YTD period charge-offs	$	—	$	—		$	—	$	—		$	—	$	(14	)	$	—	$	—	$	(14	)
YTD period recoveries		—		—			—		—			—		227			—		—		227
Net	$	—	$	—		$	—	$	—		$	—	$	213		$	—	$	—	$	213
Other:
Pass	$	4,224	$	14,684		$	1,505	$	90		$	7	$	—		$	26	$	—	$	20,536
Special mention		—		—			—		—			—		—			—		—		—
Substandard		105		48			10		—			—		—			—		—		163
Doubtful		—		—			—		—			—		—			—		—		—
Total	$	4,329	$	14,732		$	1,515	$	90		$	7	$	—		$	26	$	—	$	20,699
YTD period charge-offs	$	—	$	(237	)	$	—	$	—		$	—	$	—		$	—	$	—	$	(237	)
YTD period recoveries		—		27			2		—			—		—			—		—		29
Net	$	—	$	(210	)	$	2	$	—		$	—	$	—		$	—	$	—	$	(208	)
Total by risk rating:
Pass	$	1,269,597	$	633,710		$	444,480	$	215,246		$	211,030	$	325,621		$	132,501	$	86	$	3,232,271
Special mention		—		5,987			9,280		—			5,563		17,805			3,577		—		42,212
Substandard		392		48			14,216		2,436			8,870		28,519			7,485		—		61,966
Doubtful		—		—			—		—			—		—			—		—		—
Total loans	$	1,269,989	$	639,745		$	467,976	$	217,682		$	225,463	$	371,945		$	143,563	$	86	$	3,336,449
Net (charge-offs)/recoveries	$	—	$	(210	)	$	2	$	(5	)	$	—	$	215		$	—	$	—	$	2

Financing Receivable, Past Due [Table Text Block]

(dollars in thousands)		30-59		60-89	90 Days		Total		Loans Not				Nonaccrual
September 30, 2023	Days		Days		Or More		Past Due		Past Due		Total Loans		Loans (1)
Real estate:
Construction and land development	$	—	$	—	$	128	$	128	$	259,650	$	259,778	$	128
Commercial real estate		16,450		—		9,800		26,250		1,137,960		1,164,210		20,330
Single-family residential mortgages		3,531		3,919		10,829		18,279		1,487,028		1,505,307		16,868
Commercial:
Commercial and industrial		244		—		517		761		126,894		127,655		761
SBA		72		129		2,009		2,210		48,210		50,420		2,009
Other:		61		15		23		99		13,483		13,582		50
	$	20,358	$	4,063	$	23,306	$	47,727	$	3,073,225	$	3,120,952	$	40,146
Real estate:
Single-family residential mortgages held for sale	$	—	$	—	$	—	$	—	$	62	$	62	$	—

(dollars in thousands)		30-59		60-89	90 Days		Total		Loans Not				Nonaccrual
December 31, 2022	Days		Days		Or More		Past		Past Due		Total		Loans
Real estate:
Construction and land development	$	—	$	—	$	141	$	141	$	276,735	$	276,876	$	141
Commercial real estate		558		240		1,191		1,989		1,310,143		1,312,132		13,189
Single-family residential mortgages		12,764		2,555		4,100		19,419		1,444,689		1,464,108		5,936
Commercial:
Commercial and industrial		—		545		7		552		200,671		201,223		713
SBA		150		1,017		1,228		2,395		59,016		61,411		2,245
Other:		154		76		99		329		20,370		20,699		99
	$	13,626	$	4,433	$	6,766	$	24,825	$	3,311,624	$	3,336,449	$	22,323

Financing Receivable, Nonaccrual [Table Text Block]

	Nonaccrual
	With No
(dollars in thousands)	Allowance
September 30, 2023	for Credit Loss		Nonaccrual
Real estate:
Construction and land development	$	128	$	128
Commercial real estate		20,330		20,330
Single-family residential mortgages		16,868		16,868
Commercial:
Commercial and industrial		517		761
SBA		861		2,009
Other:		27		50
Total	$	38,731	$	40,146

	Nonaccrual
	With No
(dollars in thousands)	Allowance
December 31, 2022	for Credit Loss		Nonaccrual
Real estate:
Construction and land development	$	141	$	141
Commercial real estate		1,191		13,189
Single-family residential mortgages		5,936		5,936
Commercial:
Commercial and industrial		713		713
SBA		2,245		2,245
Other:		51		99
Total	$	10,277	$	22,323