Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2016

Commitments And Contingencies Disclosure [Abstract]

Summary of Financial instruments with Off-Balance Sheet Credit Risk

Commitments may expire without being used. Off-balance sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

(in thousands)	September 30, 2016		December 31, 2015
Commitments to extend credit, excluding interest rate lock commitments	$	688,446	$	554,274
Letters of credit		20,033		20,338
Balance at end of period	$	708,479	$	574,612

Summary of Allowance for Loan Repurchases or Indemnifications

The following table summarizes the activity in the repurchase reserve (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Balance at beginning of period	$	2,859	$	1,457	$	2,156	$	828
Provision for loan repurchases or indemnifications		470		392		1,173		1,021
Recoveries on previous losses		—		—		—		—
Losses on loans repurchased or indemnified		13		—		13		—
Balance at end of period	$	3,342	$	1,849	$	3,342	$	1,849