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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2017
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.

 

 

 

September 30,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Commitments to extend credit, excluding interest rate lock commitments

 

$

951,679

 

 

$

579,879

 

Letters of credit

 

 

26,774

 

 

 

22,547

 

Balance at end of period

 

$

978,453

 

 

$

602,426

 

 

Summary of Allowance for Loan Repurchases or Indemnifications

The following table summarizes the activity in the repurchase reserve:

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Balance at beginning of period

 

$

3,037

 

 

$

2,859

 

 

$

2,659

 

 

$

2,156

 

Provision for loan repurchases or indemnifications

 

 

410

 

 

 

470

 

 

 

794

 

 

 

1,173

 

Recoveries on previous losses

 

 

 

 

 

 

 

 

 

 

 

 

Losses on loans repurchased or indemnified

 

 

(27

)

 

 

13

 

 

 

(33

)

 

 

13

 

Balance at end of period

 

$

3,420

 

 

$

3,342

 

 

$

3,420

 

 

$

3,342