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Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of December 31, 2022 and 2021, by class of financing receivable are as follows:
 December 31,
 2022 2021 
Commercial and industrial (1)
$1,645,783 $1,290,565 
Construction1,657,488 1,327,659 
Residential real estate:
1-to-4 family mortgage1,573,121 1,270,467 
Residential line of credit496,660 383,039 
Multi-family mortgage479,572 326,551 
Commercial real estate:
Owner-occupied1,114,580 951,582 
Non-owner occupied1,964,010 1,730,165 
Consumer and other366,998 324,634 
Gross loans9,298,212 7,604,662 
Less: Allowance for credit losses(134,192)(125,559)
Net loans$9,164,020 $7,479,103 
(1)Includes $767 and $3,990 of loans originated as part of the Paycheck Protection Program as of December 31, 2022 and 2021, respectively. PPP loans are federally guaranteed as part of the CARES Act, provided PPP loan recipients receive loan forgiveness under the SBA regulations. As such, there is minimal credit risk associated with these loans.
Schedule of Changes in Allowance for Credit Losses by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses by class of financing receivable for the years ended December 31, 2022, 2021, and 2020:
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Year Ended December 31, 2022
Beginning balance -
December 31, 2021
$15,751 $28,576 $19,104 $5,903 $6,976 $12,593 $25,768 $10,888 $125,559 
Provision for credit losses(4,563)11,221 7,060 1,574 (486)(4,883)(3,584)4,054 10,393 
Recoveries of loans
previously charged-off
2,005 11 54 17 — 88 — 766 2,941 
Loans charged off(2,087)— (77)— — (15)(268)(2,254)(4,701)
Ending balance -
December 31, 2022
$11,106 $39,808 $26,141 $7,494 $6,490 $7,783 $21,916 $13,454 $134,192 
 
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Year Ended December 31, 2021 
Beginning balance -
December 31, 2020
$14,748 $58,477 $19,220 $10,534 $7,174 $4,849 $44,147 $11,240 $170,389 
Provision for credit losses4,178 (29,874)(87)(4,728)(197)7,588 (16,813)938 (38,995)
Recoveries of loans
previously charged-off
861 3 125 115 — 156 — 773 2,033 
Loans charged off(4,036)(30)(154)(18)(1)— (1,566)(2,063)(7,868)
Ending balance -
 December 31, 2021		$15,751 $28,576 $19,104 $5,903 $6,976 $12,593 $25,768 $10,888 $125,559 
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Year Ended December 31, 2020
Beginning balance -
December 31, 2019
$4,805 $10,194 $3,112 $752 $544 $4,109 $4,621 $3,002 $31,139 
Impact of adopting ASC
326 on non-purchased credit deteriorated loans
5,300 1,533 7,920 3,461 340 1,879 6,822 3,633 30,888 
Impact of adopting ASC
326 on purchased credit deteriorated loans
82 150 421 (3)— 162 184 (438)558 
Provision for credit losses13,830 40,807 6,408 5,649 5,506 (1,739)17,789 6,356 94,606 
Recoveries of loans
previously charged-off
1,712 205 122 125 — 83 — 756 3,003 
Loans charged off(11,735)(18)(403)(22)— (304)(711)(2,112)(15,305)
Initial allowance on loans
purchased with deteriorated credit quality
754 5,606 1,640 572 784 659 15,442 43 25,500 
Ending balance -
   December 31, 2020		$14,748 $58,477 $19,220 $10,534 $7,174 $4,849 $44,147 $11,240 $170,389 
Schedule of Credit Quality of Loan Portfolio by Year of Origination
The following tables present the credit quality of the Company's commercial type loan portfolio by year of origination as of December 31, 2022 and 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.
As of December 31, 2022
20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$396,643 $204,000 $67,231 $90,894 $39,780 $62,816 $762,717 $1,624,081 
Special Mention125 7 — 160 143 771 2,520 3,726 
Classified65 823 1,916 1,651 273 6,913 6,335 17,976 
Total396,833 204,830 69,147 92,705 40,196 70,500 771,572 1,645,783 
Construction
Pass682,885 495,723 142,233 84,599 17,360 44,326 188,906 1,656,032 
Special Mention— — 15 — — 707 — 722 
Classified80 309 — — — 345 — 734 
Total682,965 496,032 142,248 84,599 17,360 45,378 188,906 1,657,488 
Residential real estate:
Multi-family mortgage
Pass142,912 147,168 96,819 33,547 6,971 37,385 13,604 478,406 
Special Mention— — — — — — — — 
Classified— — — — — 1,166 — 1,166 
Total142,912 147,168 96,819 33,547 6,971 38,551 13,604 479,572 
Commercial real estate:
Owner occupied
Pass237,862 223,883 110,748 148,405 66,101 246,414 57,220 1,090,633 
Special Mention101 683 — 168 2,225 1,258 5,000 9,435 
Classified— 1,293 224 4,589 1,276 7,018 112 14,512 
Total237,963 225,859 110,972 153,162 69,602 254,690 62,332 1,114,580 
Non-owner occupied
Pass467,360 440,319 131,497 159,205 210,752 473,607 60,908 1,943,648 
Special Mention— — — — 82 2,459 — 2,541 
Classified— 2,258 — 146 3,270 12,147 — 17,821 
Total467,360 442,577 131,497 159,351 214,104 488,213 60,908 1,964,010 
Total commercial loan types
Pass1,927,662 1,511,093 548,528 516,650 340,964 864,548 1,083,355 6,792,800 
Special Mention226 690 15 328 2,450 5,195 7,520 16,424 
Classified145 4,683 2,140 6,386 4,819 27,589 6,447 52,209 
Total$1,928,033 $1,516,466 $550,683 $523,364 $348,233 $897,332 $1,097,322 $6,861,433 
As of December 31, 2021
20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$273,232 $95,279 $140,938 $52,162 $33,997 $57,020 $596,667 $1,249,295 
Special Mention79 9 949 632 3 1,519 12,367 15,558 
Classified918 2,391 2,376 3,089 3,370 6,425 7,143 25,712 
Total274,229 97,679 144,263 55,883 37,370 64,964 616,177 1,290,565 
Construction
Pass677,258 280,828 135,768 23,916 15,313 67,818 117,176 1,318,077 
Special Mention62 184 — — 1,208 1,384 — 2,838 
Classified— — 2,922 2,882 3 737 200 6,744 
Total677,320 281,012 138,690 26,798 16,524 69,939 117,376 1,327,659 
Residential real estate:
Multi-family mortgage
Pass166,576 32,242 64,345 7,124 5,602 38,526 10,891 325,306 
Special Mention— — — — — — — — 
Classified— — — — — 1,245 — 1,245 
Total166,576 32,242 64,345 7,124 5,602 39,771 10,891 326,551 
Commercial real estate:
Owner occupied
Pass170,773 131,471 174,257 83,698 69,939 236,998 57,123 924,259 
Special Mention— — 1,502 3,541 885 2,555 213 8,696 
Classified— — 3,102 768 3,295 9,616 1,846 18,627 
Total170,773 131,471 178,861 88,007 74,119 249,169 59,182 951,582 
Non-owner occupied
Pass462,478 154,048 165,917 264,855 170,602 414,85946,541 1,679,300 
Special Mention— — 3,747 3,388 — 969— 8,104 
Classified— — 1,898 23,849 1,506 15,508— 42,761 
Total462,478 154,048 171,562 292,092 172,108 431,336 46,541 1,730,165 
Total commercial loan types
Pass1,750,317 693,868 681,225 431,755 295,453 815,221 828,398 5,496,237 
Special Mention141 193 6,198 7,561 2,096 6,427 12,580 35,196 
Classified918 2,391 10,298 30,588 8,174 33,531 9,189 95,089 
Total$1,751,376 $696,452 $697,721 $469,904 $305,723 $855,179 $850,167 $5,626,522 
The following tables present the credit quality by classification (performing or nonperforming) of the Company's consumer type loan portfolio by year of origination as of December 31, 2022 and 2021. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for the purposes of the tables below.
As of December 31, 2022
20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$568,210 $448,401 $160,715 $93,548 $68,113 $211,019 $— $1,550,006 
Nonperforming1,227 5,163 5,472 1,778 2,044 7,431 — 23,115 
Total569,437 453,564 166,187 95,326 70,157 218,450 — 1,573,121 
Residential line of credit
Performing— — — — — — 495,129 495,129 
Nonperforming— — — — — — 1,531 1,531 
Total— — — — — — 496,660 496,660 
Consumer and other
Performing118,637 56,779 41,008 29,139 26,982 82,318 4,175 359,038 
Nonperforming166 1,396 1,460 906 1,507 2,525 — 7,960 
       Total118,803 58,175 42,468 30,045 28,489 84,843 4,175 366,998 
Total consumer type loans
Performing686,847 505,180 201,723 122,687 95,095 293,337 499,304 2,404,173 
Nonperforming1,393 6,559 6,932 2,684 3,551 9,956 1,531 32,606 
        Total$688,240 $511,739 $208,655 $125,371 $98,646 $303,293 $500,835 $2,436,779 
As of December 31, 2021
20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$521,533 $204,690 $121,775 $100,164 $109,087 $199,262 $— $1,256,511 
Nonperforming1,232 3,734 977 2,429 1,765 3,819 — 13,956 
Total522,765 208,424 122,752 102,593 110,852 203,081 — 1,270,467 
Residential line of credit
Performing— — — — — — 381,303 381,303 
Nonperforming— — — — — — 1,736 1,736 
Total— — — — — — 383,039 383,039 
Consumer and other
Performing82,910 55,123 38,281 32,893 21,856 74,248 14,478 319,789 
Nonperforming199 345 545 1,352 861 1,496 47 4,845 
       Total83,109 55,468 38,826 34,245 22,717 75,744 14,525 324,634 
Total consumer type loans
Performing604,443 259,813 160,056 133,057 130,943 273,510 395,781 1,957,603 
Nonperforming1,431 4,079 1,522 3,781 2,626 5,315 1,783 20,537 
       Total$605,874 $263,892 $161,578 $136,838 $133,569 $278,825 $397,564 $1,978,140 
Schedule of Analysis of Aging by Class of Financing Receivable
The following tables represent an analysis of the aging by class of financing receivable as of December 31, 2022 and 2021:
December 31, 202230-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$1,650 $136 $1,307 $1,642,690 $1,645,783 
Construction1,246 — 389 1,655,853 1,657,488 
Residential real estate:
1-to-4 family mortgage15,470 16,639 6,476 1,534,536 1,573,121 
Residential line of credit772 131 1,400 494,357 496,660 
Multi-family mortgage— — 42 479,530 479,572 
Commercial real estate:
Owner occupied1,948 — 5,410 1,107,222 1,114,580 
Non-owner occupied102 — 5,956 1,957,952 1,964,010 
Consumer and other10,108 1,509 6,451 348,930 366,998 
Total$31,296 $18,415 $27,431 $9,221,070 $9,298,212 
 
December 31, 202130-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current on payments and accruing interest Total
Commercial and industrial$1,030 $63 $1,520 $1,287,952 $1,290,565 
Construction4,852 718 3,622 1,318,467 1,327,659 
Residential real estate:
1-to-4 family mortgage11,007 9,363 4,593 1,245,504 1,270,467 
Residential line of credit319 — 1,736 380,984 383,039 
Multi-family mortgage— — 49 326,502 326,551 
Commercial real estate:
Owner occupied1,417 — 6,710 943,455 951,582 
Non-owner occupied427 — 14,084 1,715,654 1,730,165 
Consumer and other7,398 1,591 3,254 312,391 324,634 
Total$26,450 $11,735 $35,568 $7,530,909 $7,604,662 
Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans
December 31, 2022Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance		Related
allowance		Year to date Interest Income
Commercial and industrial$790 $517 $10 $181 
Construction— 389 7 28 
Residential real estate:
1-to-4 family mortgage2,834 3,642 78 274 
Residential line of credit1,134 266 4 136 
Multi-family mortgage1 41 1 3 
Commercial real estate:
Owner occupied5,200 210 1 232 
Non-owner occupied5,755 201 5 332 
Consumer and other— 6,451 327 358 
Total$15,714 $11,717 $433 $1,544 
December 31, 2021Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance		Related
allowance		Year to date Interest Income
Commercial and industrial$1,085 $435 $6 $1,371 
Construction2,882 740 99 156 
Residential real estate:
1-to-4 family mortgage378 4,215 60 314 
Residential line of credit797 939 11 289 
Multi-family mortgage— 49 2 3 
Commercial real estate:
Owner occupied5,346 1,364 206 536 
Non-owner occupied13,898 186 7 486 
Consumer and other— 3,254 164 245 
Total$24,386 $11,182 $555 $3,400 
Schedule of Financial Effect of TDRs
The following tables present the financial effect of TDRs recorded during the periods indicated:
Year Ended December 31, 2022Number of loansPre-modification outstanding recorded investment Post-modification outstanding recorded investment Charge offs and specific reserves
Commercial and industrial3 $612 $522 $— 
Residential real estate:
1-to-4 family mortgage3 391 707 — 
Residential line of credit1 49 49 — 
Consumer and other2 23 23 — 
Total9 $1,075 $1,301 $— 
Year Ended December 31, 2021Number of loansPre-modification outstanding recorded investment Post-modification outstanding recorded investment Charge offs and specific reserves
Commercial and industrial8 $15,430 $15,430 $446 
Commercial real estate:
Owner occupied75,209 5,209 — 
Non-owner occupied111,997 11,997 — 
Residential real estate:
1-4 family mortgage3945 945 — 
   Residential line of credit3485 485 — 
   Multi-family Mortgage 149 49 — 
Total23$34,115 $34,115 $446 
Year Ended December 31, 2020Number of loansPre-modification outstanding recorded investment Post-modification outstanding recorded investment Charge offs and specific reserves
Commercial and industrial5 $2,257 $2,257 $— 
Commercial real estate:
Owner occupied72,794 2,794 — 
Non-owner occupied23,752 3,752 — 
Residential real estate:
1-4 family mortgage3618 618 — 
   Residential line of credit195 95 — 
Total18$9,516 $9,516 $— 
Schedule of Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans
For loans for which the repayment (based on the Company's assessment) is expected to be provided substantially through the operation or sale of collateral and the borrower is experiencing financial difficulty, the following tables present the loans and the corresponding individually assessed allowance for credit losses by class of financing receivable. Significant changes in individually assessed reserves are due to changes in the valuation of the underlying collateral in addition to changes in accrual and past due status.
December 31, 2022
Type of Collateral
Real EstateFinancial Assets and Equipment TotalIndividually assessed allowance for credit loss
Commercial and industrial$2,596 $— $2,596 $— 
Residential real estate:
1-to-4 family mortgage4,467 — 4,467 194 
Residential line of credit1,135 — 1,135 — 
Commercial real estate:
Owner occupied5,424 — 5,424 — 
Non-owner occupied5,755 — 5,755 — 
Consumer and other134 — 134 — 
Total$19,511 $— $19,511 $194 
December 31, 2021
Type of Collateral
Real EstateFinancial Assets and Equipment TotalIndividually assessed allowance for credit loss
Commercial and industrial$799 $1,090 $1,889 $— 
Construction3,580 — 3,580 92 
Residential real estate:
1-to-4 family mortgage338 — 338 — 
Residential line of credit1,400 — 1,400 10 
Commercial real estate:
Owner occupied8,117 71 8,188 200 
Non-owner occupied13,899 — 13,899 — 
Consumer and other25 — 25 1 
Total$28,158 $1,161 $29,319 $303