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Loans and Allowance for Credit Losses on Loans HFI (Tables)
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of September 30, 2023 and December 31, 2022, by class of financing receivable are as follows:
 September 30,December 31,
 2023 2022 
Commercial and industrial$1,667,857 $1,645,783 
Construction1,532,306 1,657,488 
Residential real estate:
1-to-4 family mortgage1,553,096 1,573,121 
Residential line of credit517,082 496,660 
Multi-family mortgage501,323 479,572 
Commercial real estate:
Owner-occupied1,206,351 1,114,580 
Non-owner occupied1,911,913 1,964,010 
Consumer and other397,297 366,998 
Gross loans9,287,225 9,298,212 
Less: Allowance for credit losses on loans HFI(146,134)(134,192)
Net loans$9,141,091 $9,164,020 
Schedule of Changes in Allowance for Credit Losses on Loans HFI by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and nine months ended September 30, 2023 and 2022:
 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
Three Months Ended September 30, 2023
Beginning balance -
June 30, 2023
$11,311 $39,920 $27,407 $9,185 $6,828 $8,467 $22,877 $14,669 $140,664 
Provision for (reversal of)
    credit losses on loans
    HFI		6,293 (2,025)(1,724)(23)20 2,046 (130)1,574 6,031 
Recoveries of loans
previously charged-off
112 — 16 1 — 13 — 93 235 
Loans charged off(154)— (4)— — — — (638)(796)
Ending balance -
September 30, 2023
$17,562 $37,895 $25,695 $9,163 $6,848 $10,526 $22,747 $15,698 $146,134 
Nine Months Ended September 30, 2023
Beginning balance -
December 31, 2022
$11,106 $39,808 $26,141 $7,494 $6,490 $7,783 $21,916 $13,454 $134,192 
Provision for (reversal of)
    credit losses on loans
    HFI		6,475 (1,923)(466)1,668 358 2,792 831 3,868 13,603 
Recoveries of loans
previously charged-off
192 10 56 1 — 95 — 440 794 
Loans charged off(211)— (36)— — (144)— (2,064)(2,455)
Ending balance -
September 30, 2023
$17,562 $37,895 $25,695 $9,163 $6,848 $10,526 $22,747 $15,698 $146,134 
 
 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
Three Months Ended September 30, 2022
Beginning balance -
June 30, 2022
$10,191 $38,383 $21,398 $6,875 $6,503 $7,329 $22,536 $13,057 $126,272 
Provision for (reversal of)
    credit losses on loans
    HFI		5 3,044 3,975 77 (629)688 247 782 8,189 
Recoveries of loans
previously charged-off
342 — 13 — — 51 — 70 476 
Loans charged off— — (20)— — — — (441)(461)
Ending balance -
September 30, 2022
$10,538 $41,427 $25,366 $6,952 $5,874 $8,068 $22,783 $13,468 $134,476 
Nine Months Ended September 30, 2022 
Beginning balance -
December 31, 2021
$15,751 $28,576 $19,104 $5,903 $6,976 $12,593 $25,768 $10,888 $125,559 
(Reversal of) provision for
    credit losses on loans
    HFI		(4,784)12,840 6,266 1,032 (1,102)(4,601)(2,985)3,575 10,241 
Recoveries of loans
previously charged-off
1,326 11 39 17 — 76 — 635 2,104 
Loans charged off(1,755)— (43)— — — — (1,630)(3,428)
Ending balance -
 September 30, 2022		$10,538 $41,427 $25,366 $6,952 $5,874 $8,068 $22,783 $13,468 $134,476 
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 as of September 30, 2023 and December 31, 2022 and the gross charge-offs for the nine months ended September 30, 2023 by year of origination. 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.
Effective January 1, 2023, the Company adopted the accounting guidance in ASU 2022-02 which requires the presentation of gross charge-offs by year of origination. The Company prospectively adopted ASU 2022-02; therefore, prior period activity of gross charge-offs by year of origination are not included in the below tables.
As of and for the nine months
    ended September 30, 2023
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$173,571 $318,859 $161,099 $44,240 $74,359 $76,543 $770,102 $1,618,773 
Special Mention— 3,597 3,650 1,886 154 554 16,763 26,604 
Classified479 3,331 2,981 1,851 418 6,417 7,003 22,480 
Total174,050 325,787 167,730 47,977 74,931 83,514 793,868 1,667,857 
            Current-period gross
               charge-offs		— — 200 — — — 11 211 
Construction
Pass126,434 693,076 301,232 54,005 64,365 46,581 222,274 1,507,967 
Special Mention— 11,710 2,712 4 — 665 — 15,091 
Classified— 2,974 297 5,977 — — — 9,248 
Total126,434 707,760 304,241 59,986 64,365 47,246 222,274 1,532,306 
            Current-period gross
               charge-offs		— — — — — — — — 
Residential real estate:
Multi-family mortgage
Pass28,892 143,075 147,585 93,134 30,125 43,865 13,540 500,216 
Special Mention— — — — — — — — 
Classified— — — — — 1,107 — 1,107 
Total28,892 143,075 147,585 93,134 30,125 44,972 13,540 501,323 
             Current-period gross
                charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass66,870 265,604 238,442 116,923 155,174 292,046 48,698 1,183,757 
Special Mention— 1,310 1,843 — 158 4,061 — 7,372 
Classified— 6,152 667 — 1,240 3,965 3,198 15,222 
Total66,870 273,066 240,952 116,923 156,572 300,072 51,896 1,206,351 
            Current-period gross
              charge-offs		— — 144 — — — — 144 
Non-owner occupied
Pass20,929 463,203 448,364 120,945 160,039 614,751 50,233 1,878,464 
Special Mention— 5,341 3,027 — 391 10,521 2,151 21,431 
Classified— — 1,954 — — 10,064 — 12,018 
Total20,929 468,544 453,345 120,945 160,430 635,336 52,384 1,911,913 
             Current-period gross
                charge-offs		— — — — — — — — 
Total commercial loan types
Pass416,696 1,883,817 1,296,722 429,247 484,062 1,073,786 1,104,847 6,689,177 
Special Mention— 21,958 11,232 1,890 703 15,801 18,914 70,498 
Classified479 12,457 5,899 7,828 1,658 21,553 10,201 60,075 
Total$417,175 $1,918,232 $1,313,853 $438,965 $486,423 $1,111,140 $1,133,962 $6,819,750 
            Current-period gross
                charge-offs		$— $— $344 $— $— $— $11 $355 
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
Pass467,360 440,319 131,497 159,205 210,752 473,60760,908 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 
The following tables present the credit quality by classification (performing or nonperforming) of the Company's consumer type loan portfolio as of September 30, 2023 and December 31, 2022 and the gross charge-offs for the nine months ended September 30, 2023 by year of origination. 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.
Effective January 1, 2023, the Company adopted the accounting guidance in ASU 2022-02 which requires the presentation of gross charge-offs by year of origination. The Company prospectively adopted ASU 2022-02; therefore, prior period balances for gross charge-offs by year of origination are not included below.
As of and for the nine months
     ended September 30, 2023
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$144,807 $513,172 $403,190 $148,530 $85,472 $239,905 $— $1,535,076 
Nonperforming— 4,585 2,847 3,401 448 6,739 — 18,020 
Total144,807 517,757 406,037 151,931 85,920 246,644 — 1,553,096 
          Current-period gross
             charge-offs		— 16 — 4 — 16 — 36 
Residential line of credit
Performing— — — — — — 514,592 514,592 
Nonperforming— — — — — — 2,490 2,490 
Total— — — — — — 517,082 517,082 
          Current-period gross
             charge-offs		— — — — — — — — 
Consumer and other
Performing78,288 95,910 47,756 35,648 25,257 96,766 7,175 386,800 
Nonperforming113 1,076 2,179 1,880 1,323 3,924 2 10,497 
       Total78,401 96,986 49,935 37,528 26,580 100,690 7,177 397,297 
           Current-period gross
             charge-offs		1,022 519 116 120 38 247 2 2,064 
Total consumer type loans
Performing223,095 609,082 450,946 184,178 110,729 336,671 521,767 2,436,468 
Nonperforming113 5,661 5,026 5,281 1,771 10,663 2,492 31,007 
        Total$223,208 $614,743 $455,972 $189,459 $112,500 $347,334 $524,259 $2,467,475 
            Current-period gross
             charge-offs		$1,022 $535 $116 $124 $38 $263 $2 $2,100 
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 
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 September 30, 2023 and December 31, 2022:
September 30, 202330-89 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$6,522 $38 $12,070 $1,649,227 $1,667,857 
Construction2,301 — 2,454 1,527,551 1,532,306 
Residential real estate:
1-to-4 family mortgage20,003 8,346 9,674 1,515,073 1,553,096 
Residential line of credit1,440 1,341 1,149 513,152 517,082 
Multi-family mortgage— — 35 501,288 501,323 
Commercial real estate:
Owner occupied534 — 3,521 1,202,296 1,206,351 
Non-owner occupied— — 5,402 1,906,511 1,911,913 
Consumer and other10,030 1,924 8,573 376,770 397,297 
Total$40,830 $11,649 $42,878 $9,191,868 $9,287,225 
 
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 
Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans
The following tables provide the amortized cost basis of loans on non-accrual status, as well as any related allowance as of September 30, 2023 and December 31, 2022 by class of financing receivable.
September 30, 2023Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance		Related
allowance
Commercial and industrial$1,244 $10,826 $3,333 
Construction1,482 972 67 
Residential real estate:
1-to-4 family mortgage2,340 7,334 138 
Residential line of credit706 443 8 
Multi-family mortgage— 35 1 
Commercial real estate:
Owner occupied3,410 111 4 
Non-owner occupied5,360 42 1 
Consumer and other— 8,573 465 
Total$14,542 $28,336 $4,017 
December 31, 2022
Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance		Related
allowance
Commercial and industrial$790 $517 $10 
Construction— 389 7 
Residential real estate:
1-to-4 family mortgage2,834 3,642 78 
Residential line of credit1,134 266 4 
Multi-family mortgage1 41 1 
Commercial real estate:
Owner occupied5,200 210 1 
Non-owner occupied5,755 201 5 
Consumer and other— 6,451 327 
Total$15,714 $11,717 $433 
The following presents interest income recognized on nonaccrual loans for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Commercial and industrial$302 $26 $350 $163 
Construction— 5 52 31 
Residential real estate:
1-to-4 family mortgage83 78 232 185 
Residential line of credit34 37 85 98 
Multi-family mortgage1 — 2 2 
Commercial real estate:
Owner occupied— 61 97 149 
Non-owner occupied58 89 195 235 
Consumer and other100 113 416 182 
Total$578 $409 $1,429 $1,045 
Schedule of Financial Effect of TDRs
The following table presents the financial effect of TDRs recorded during the periods indicated:
Three Months Ended September 30, 2022Number of loansPre-modification outstanding recorded investmentPost-modification outstanding recorded investmentCharge offs and specific reserves
Commercial and industrial1 $207 $117 $— 
Residential real estate:
1-to-4 family mortgage1 252 568 — 
Total2 $459 $685 $— 
Nine Months Ended September 30, 2022Number of loansPre-modification outstanding recorded investment Post-modification outstanding recorded investment Charge offs and specific reserves
Commercial and industrial2 $262 $172 $— 
Residential real estate:
1-to-4 family mortgage2 332 648 — 
Residential line of credit1 49 49 — 
Consumer and other1 22 22 — 
Total6 $665 $891 $— 
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.
September 30, 2023
Type of Collateral
Real EstateFarmlandBusiness AssetsTotalIndividually assessed allowance for credit loss
Commercial and industrial$470 $363 $10,818 $11,651 $3,251 
Construction7,160 — — 7,160 60 
Residential real estate:
1-to-4 family mortgage9,402 — — 9,402 132 
Residential line of credit706 — — 706 — 
Commercial real estate:
Owner occupied2,462 1,165 — 3,627 — 
Non-owner occupied5,360 — — 5,360 — 
Consumer and other118 — — 118 23 
Total$25,678 $1,528 $10,818 $38,024 $3,466 
December 31, 2022
Type of Collateral
Real EstateBusiness AssetsTotalIndividually 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