XML 49 R39.htm IDEA: XBRL DOCUMENT v3.24.3
Loans and the Allowance for Loan Losses - Allowance for Credit Losses and Recorded Investment in Loans Receivable (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses $ 40,414 $ 38,178
Charge-offs (3,383) (6,429)
Recoveries 527 1,044
Provision (Recovery) 4,596 4,961
Ending Balance, allowance for loan losses 42,154 40,414
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments 3,324 605
Provision (Recovery) (435) (478)
Ending Balance, unfunded loan commitments 2,889 3,324
Total Allowance for Credit Losses 45,043 43,738
Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   2,660
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   3,197
Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   40,838
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   3,802
Real Estate Loans: | Commercial    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses 17,676 14,702
Charge-offs (1) (2,049)
Recoveries 15 26
Provision (Recovery) 394 174
Ending Balance, allowance for loan losses 18,084 17,676
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments 206 220
Provision (Recovery) 54 (130)
Ending Balance, unfunded loan commitments 260 206
Total Allowance for Credit Losses 18,344 17,882
Real Estate Loans: | Commercial | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   4,823
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   116
Real Estate Loans: | Commercial | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   19,525
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   336
Real Estate Loans: | Construction    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses 6,596 5,768
Charge-offs (672) (36)
Recoveries 0 1
Provision (Recovery) (267) (70)
Ending Balance, allowance for loan losses 5,657 6,596
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments 1,546 137
Provision (Recovery) (720) (704)
Ending Balance, unfunded loan commitments 826 1,546
Total Allowance for Credit Losses 6,483 8,142
Real Estate Loans: | Construction | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   933
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   2,113
Real Estate Loans: | Construction | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   6,701
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   2,250
Real Estate Loans: | Residential    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses 5,485 5,354
Charge-offs (293) (42)
Recoveries 12 18
Provision (Recovery) 1,118 520
Ending Balance, allowance for loan losses 6,322 5,485
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments 177 13
Provision (Recovery) 5 (26)
Ending Balance, unfunded loan commitments 182 177
Total Allowance for Credit Losses 6,504 5,662
Real Estate Loans: | Residential | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   (365)
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   190
Real Estate Loans: | Residential | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   4,989
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   203
Commercial    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses 10,424 11,721
Charge-offs (859) (2,813)
Recoveries 264 672
Provision (Recovery) 1,756 3,327
Ending Balance, allowance for loan losses 11,585 10,424
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments 1,372 229
Provision (Recovery) 222 486
Ending Balance, unfunded loan commitments 1,594 1,372
Total Allowance for Credit Losses 13,179 11,796
Commercial | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   (2,483)
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   657
Commercial | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   9,238
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   886
Consumer and Other    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses 233 633
Charge-offs (1,558) (1,489)
Recoveries 236 327
Provision (Recovery) 1,595 1,010
Ending Balance, allowance for loan losses 506 233
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments 23 6
Provision (Recovery) 4 (104)
Ending Balance, unfunded loan commitments 27 23
Total Allowance for Credit Losses $ 533 256
Consumer and Other | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjustment    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   (248)
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   121
Consumer and Other | Adoption of ASU 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance    
Allowance for Loan Losses:    
Beginning Balance, allowance for loan losses   385
Reserve for Unfunded Loan Commitments:    
Beginning Balance, unfunded loan commitments   $ 127