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Loans and Allowance for Credit Losses on Loans HFI (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of September 30, 2024 and December 31, 2023, by class of financing receivable are as follows:
 September 30,December 31,
 2024 2023 
Commercial and industrial$1,688,815 $1,720,733 
Construction1,079,726 1,397,313 
Residential real estate:
1-to-4 family mortgage1,612,031 1,568,552 
Residential line of credit591,049 530,912 
Multi-family mortgage654,188 603,804 
Commercial real estate:
Owner-occupied1,324,208 1,232,071 
Non-owner occupied2,048,036 1,943,525 
Consumer and other480,076 411,873 
Gross loans9,478,129 9,408,783 
Less: Allowance for credit losses on loans HFI(156,260)(150,326)
Net loans$9,321,869 $9,258,457 
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, 2024 and December 31, 2023 and the gross charge-offs for the nine months ended September 30, 2024 and the year ended December 31, 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.

As of and for the nine months
    ended September 30, 2024
2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$132,257 $189,261 $154,303 $61,545 $32,166 $115,917 $908,150 $1,593,599 
Special Mention2,795 2,851 2,609 73 — 195 26,260 34,783 
Classified— 59 20,468 4,593 2,900 6,256 26,157 60,433 
Total135,052 192,171 177,380 66,211 35,066 122,368 960,567 1,688,815 
            Current-period gross
               charge-offs		— 12 2 70 16 7 52 159 
Construction
Pass141,229 140,864 369,074 106,230 28,784 66,547 183,222 1,035,950 
Special Mention— 87 12,321 26 — 600 — 13,034 
Classified— — 5,228 273 8,488 — 16,753 30,742 
Total141,229 140,951 386,623 106,529 37,272 67,147 199,975 1,079,726 
            Current-period gross
               charge-offs		— — — — — — 92 92 
Residential real estate:
Multi-family mortgage
Pass29,685 5,879 241,414 224,347 52,376 70,251 19,245 643,197 
Special Mention— — — 9,980 — — — 9,980 
Classified— — — — — 1,011 — 1,011 
Total29,685 5,879 241,414 234,327 52,376 71,262 19,245 654,188 
             Current-period gross
                charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass133,073 112,041 247,259 218,567 108,938 392,401 87,183 1,299,462 
Special Mention— — 1,385 2,600 — 7,932 — 11,917 
Classified— — 6,274 15 62 5,425 1,053 12,829 
Total133,073 112,041 254,918 221,182 109,000 405,758 88,236 1,324,208 
            Current-period gross
              charge-offs		— — — — — — — — 
Non-owner occupied
Pass100,902 43,211 535,152 460,381 113,393 708,997 47,920 2,009,956 
Special Mention— — 5,324 4,536 1,092 19,406 — 30,358 
Classified— — — — — 7,722 — 7,722 
Total100,902 43,211 540,476 464,917 114,485 736,125 47,920 2,048,036 
             Current-period gross
                charge-offs		— — — — — — — — 
Total commercial loan types
Pass537,146 491,256 1,547,202 1,071,070 335,657 1,354,113 1,245,720 6,582,164 
Special Mention2,795 2,938 21,639 17,215 1,092 28,133 26,260 100,072 
Classified— 59 31,970 4,881 11,450 20,414 43,963 112,737 
Total$539,941 $494,253 $1,600,811 $1,093,166 $348,199 $1,402,660 $1,315,943 $6,794,973 
            Current-period gross
                charge-offs		$— $12 $2 $70 $16 $7 $144 $251 
As of and for the year ended
  December 31, 2023 		2023 2022 2021 2020 2019 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$225,734 $255,921 $151,492 $39,897 $70,302 $73,415 $839,918 $1,656,679 
Special Mention— 17,947 3,083 — 151 108 7,549 28,838 
Classified457 4,253 3,075 3,027 254 6,129 18,021 35,216 
Total226,191 278,121 157,650 42,924 70,707 79,652 865,488 1,720,733 
              Current-period gross
                 charge-offs		14 7 201 22 — 87 131 462 
Construction
Pass179,929 677,387 148,312 46,697 39,140 49,954 208,491 1,349,910 
Special Mention1 4,659 2,943 1,202 — 690 12,000 21,495 
Classified— 2,349 1,484 6,620 — — 15,455 25,908 
Total179,930 684,395 152,739 54,519 39,140 50,644 235,946 1,397,313 
              Current-period gross
                  charge-offs		— — — — — — — — 
Residential real estate:
Multi-family mortgage
Pass29,982 151,495 223,889 92,745 29,933 43,479 31,209 602,732 
Special Mention— — — — — — — — 
Classified— — — — — 1,072 — 1,072 
Total29,982 151,495 223,889 92,745 29,933 44,551 31,209 603,804 
             Current-period gross
                 charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass118,030 261,196 231,241 115,397 151,146 281,253 53,970 1,212,233 
Special Mention— 1,297 1,827 — 154 2,617 — 5,895 
Classified— 6,305 16 — 760 5,789 1,073 13,943 
Total118,030 268,798 233,084 115,397 152,060 289,659 55,043 1,232,071 
              Current-period gross
                  charge-offs		— — 144 — — — — 144 
Non-owner occupied
Pass47,026 474,560 478,878 117,429 178,448 580,16843,577 1,920,086 
Special Mention— — 3,975 — — 10,435— 14,410 
Classified— — 1,001 — 381 7,647— 9,029 
Total47,026 474,560 483,854 117,429 178,829 598,250 43,577 1,943,525 
               Current-period gross
                   charge-offs		— — — — — — — — 
Total commercial loan types
Pass600,701 1,820,559 1,233,812 412,165 468,969 1,028,269 1,177,165 6,741,640 
Special Mention1 23,903 11,828 1,202 305 13,850 19,549 70,638 
Classified457 12,907 5,576 9,647 1,395 20,637 34,549 85,168 
Total$601,159 $1,857,369 $1,251,216 $423,014 $470,669 $1,062,756 $1,231,263 $6,897,446 
              Current-period gross
                  charge-offs		14 7 345 22 — 87 131 606 
The following tables present the credit quality by classification (performing or nonperforming) of the Company’s consumer type loan portfolio as of September 30, 2024 and December 31, 2023 and the gross charge-offs for the nine months ended September 30, 2024 and the year ended December 31, 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.
As of and for the nine months
     ended September 30, 2024
2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$171,947 $171,313 $465,317 $371,494 $136,834 $271,278 $— $1,588,183 
Nonperforming80 564 6,365 6,571 3,126 7,142 — 23,848 
Total172,027 171,877 471,682 378,065 139,960 278,420 — 1,612,031 
          Current-period gross
             charge-offs		— — 150 130 — 15 — 295 
Residential line of credit
Performing— — — — — — 589,491 589,491 
Nonperforming— — — — — — 1,558 1,558 
Total— — — — — — 591,049 591,049 
          Current-period gross
             charge-offs		— — — — — 73 — 73 
Consumer and other
Performing112,563 97,908 79,587 38,215 30,704 105,231 634 464,842 
Nonperforming731 1,720 1,759 2,925 2,338 5,760 1 15,234 
       Total113,294 99,628 81,346 41,140 33,042 110,991 635 480,076 
           Current-period gross
              charge-offs		956 446 201 233 56 244 — 2,136 
Total consumer type loans
Performing284,510 269,221 544,904 409,709 167,538 376,509 590,125 2,642,516 
Nonperforming811 2,284 8,124 9,496 5,464 12,902 1,559 40,640 
        Total$285,321 $271,505 $553,028 $419,205 $173,002 $389,411 $591,684 $2,683,156 
            Current-period gross
             charge-offs		$956 $446 $351 $363 $56 $332 $— $2,504 
As of and for the year ended
  December 31, 2023 		2023 2022 2021 2020 2019 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$198,537 $500,628 $399,338 $145,484 $81,905 $226,587 $— $1,552,479 
Nonperforming76 2,565 4,026 3,846 690 4,870 — 16,073 
Total198,613 503,193 403,364 149,330 82,595 231,457 — 1,568,552 
           Prior-period gross
               charge-offs		— 18 — 4 — 24 — 46 
Residential line of credit
Performing— — — — — — 528,439 528,439 
Nonperforming— — — — — — 2,473 2,473 
Total— — — — — — 530,912 530,912 
           Prior-period gross
               charge-offs		— — — — — — — — 
Consumer and other
Performing104,399 91,557 45,187 34,928 24,040 93,833 6,890 400,834 
Nonperforming528 1,025 2,562 1,819 1,264 3,841 — 11,039 
       Total104,927 92,582 47,749 36,747 25,304 97,674 6,890 411,873 
            Prior-period gross
               charge-offs		1,463 564 139 201 110 372 2 2,851 
Total consumer type loans
Performing302,936 592,185 444,525 180,412 105,945 320,420 535,329 2,481,752 
Nonperforming604 3,590 6,588 5,665 1,954 8,711 2,473 29,585 
       Total$303,540 $595,775 $451,113 $186,077 $107,899 $329,131 $537,802 $2,511,337 
             Prior-period gross
                 charge-offs		1,463 582 139 205 110 396 2 2,897 
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, 2024 and December 31, 2023:
September 30, 202430-89 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$760 $600 $22,458 $1,664,997 $1,688,815 
Construction2,734 365 11,181 1,065,446 1,079,726 
Residential real estate:
1-to-4 family mortgage21,644 15,249 8,599 1,566,539 1,612,031 
Residential line of credit2,061 1,331 227 587,430 591,049 
Multi-family mortgage— — 25 654,163 654,188 
Commercial real estate:
Owner occupied236 95 8,904 1,314,973 1,324,208 
Non-owner occupied65 3,512 3,055 2,041,404 2,048,036 
Consumer and other12,961 5,098 10,136 451,881 480,076 
Total$40,461 $26,250 $64,585 $9,346,833 $9,478,129 
 
December 31, 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$732 $— $21,730 $1,698,271 $1,720,733 
Construction6,579 165 2,872 1,387,697 1,397,313 
Residential real estate:
1-to-4 family mortgage21,768 9,355 6,718 1,530,711 1,568,552 
Residential line of credit2,464 1,337 1,136 525,975 530,912 
Multi-family mortgage— — 32 603,772 603,804 
Commercial real estate:
Owner occupied480 — 3,188 1,228,403 1,232,071 
Non-owner occupied4,059 — 3,351 1,936,115 1,943,525 
Consumer and other10,961 1,836 9,203 389,873 411,873 
Total$47,043 $12,693 $48,230 $9,300,817 $9,408,783 
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, 2024 and December 31, 2023 by class of financing receivable.
September 30, 2024Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance		Related
allowance
Commercial and industrial$8,535 $13,923 $9,906 
Construction— 11,181 1,284 
Residential real estate:
1-to-4 family mortgage1,561 7,038 140 
Residential line of credit147 80 1 
Multi-family mortgage— 25 1 
Commercial real estate:
Owner occupied6,415 2,489 109 
Non-owner occupied2,598 457 6 
Consumer and other— 10,136 526 
Total$19,256 $45,329 $11,973 
December 31, 2023
Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance		Related
allowance
Commercial and industrial$3,678 $18,052 $5,011 
Construction2,267 605 59 
Residential real estate:
1-to-4 family mortgage1,444 5,274 103 
Residential line of credit685 451 8 
Multi-family mortgage— 32 1 
Commercial real estate:
Owner occupied2,920 268 15 
Non-owner occupied3,316 35 1 
Consumer and other— 9,203 498 
Total$14,310 $33,920 $5,696 
The following presents interest income recognized on nonaccrual loans for the three and nine months ended September 30, 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Commercial and industrial$46 $302 $615 $350 
Construction308 — 448 52 
Residential real estate:
1-to-4 family mortgage6 83 40 232 
Residential line of credit1 34 40 85 
Multi-family mortgage— 1 1 2 
Commercial real estate:
Owner occupied— — 124 97 
Non-owner occupied— 58 89 195 
Consumer and other— 100 — 416 
Total$361 $578 $1,357 $1,429 
Schedule of Financial Effect of TDRs
The following tables present the amortized cost of FDM loans as of September 30, 2024 by class of financing receivable and type of concession granted that were modified during the three and nine months ended September 30, 2024.

Three Months Ended
September 30, 2024		Term extensionPayment deferral and term extensionInterest rate reduction and term extensionPayment deferral, interest rate reduction, and term extensionTotal% of total class of financing receivables
Commercial and
    industrial		$— $7,038 $— $— $7,038 0.4 %
Construction$— — — 1,713 1,713 0.2 %
     Total$— $7,038 $— $1,713 $8,751 0.1 %
Nine Months Ended
September 30, 2024		Term extensionPayment deferral and term extensionInterest rate reduction and term extensionPayment deferral, interest rate reduction, and term extensionTotal% of total class of financing receivables
Commercial and
    industrial		$— $7,038 $— $— $7,038 0.4 %
Construction— 14,195 — 1,713 15,908 1.5 %
Consumer and other38 — 97 — 135 — %
     Total$38 $21,233 $97 $1,713 $23,081 0.2 %
The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficultly:
Three Months Ended September 30, 2024Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial1212—%
Construction36050.10%
Nine Months Ended September 30, 2024
Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial1212—
Construction4430.10%
Consumer and other25—1.49%
Schedule of Financing Receivable, Modified, Past Due The table below depicts the performance of loans HFI as of September 30, 2024 made to borrowers experiencing financial difficulty that were modified in the prior twelve months.
September 30, 202430-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$— $— $7,038 $— $7,038 
Construction— — 1,713 14,195 15,908 
Residential real estate:
1-to-4 family mortgage— — 22 — 22 
Consumer and other32 — — 104 136 
Total$32 $— $8,773 $14,299 $23,104 
(1) Loans were on non-accrual when modified and subsequently classified as FDM.
Schedule of Individually Assessed Allowance for Credit Losses for Collateral Dependent Loans
For collateral-dependent loans, or those loans for which repayment is expected to be provided substantially through the operation or sale of collateral, where the borrower is also experiencing financial difficulty, the following tables present the loans and the corresponding individually assessed allowance for credit losses by class of financing receivable. Significant changes in individually assessed reserves are due to changes in the valuation of the underlying collateral in addition to changes in accrual and past due status.
September 30, 2024
Type of Collateral
Real EstateFarmlandBusiness AssetsTotalIndividually assessed allowance for credit loss
Commercial and industrial$— $— $21,061 $21,061 $9,722 
Construction22,060 1,653 — 23,713 907 
Residential real estate:
1-to-4 family mortgage1,562 — — 1,562 — 
Residential line of credit148 — — 148 — 
Commercial real estate:
Owner occupied— 6,415 — 6,415 — 
Non-owner occupied7,264 — — 7,264 — 
Total$31,034 $8,068 $21,061 $60,163 $10,629 
December 31, 2023
Type of Collateral
Real EstateFarmlandBusiness AssetsTotalIndividually assessed allowance for credit loss
Commercial and industrial$— $363 $20,599 $20,962 $4,946 
Construction8,224 — — 8,224 30 
Residential real estate:
1-to-4 family mortgage5,317 — — 5,317 129 
Residential line of credit1,245 — — 1,245 10 
Commercial real estate:
Owner occupied1,975 1,160 — 3,135 — 
Non-owner occupied3,316 — — 3,316 — 
Consumer and other112 — — 112 21 
Total$20,189 $1,523 $20,599 $42,311 $5,136 
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, 2024 and 2023:
 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, 2024
Beginning balance -
June 30, 2024
$22,530 $34,170 $25,631 $10,097 $8,810 $11,312 $24,543 $17,962 $155,055 
Provision for (reversal of)
    credit losses on loans
    HFI		1,670 (3,612)341 662 834 243 98 1,620 1,856 
Recoveries of loans
previously charged-off
23 — 9 18 — 12 — 202 264 
Loans charged off(90)— (2)(53)— — — (770)(915)
Ending balance -
September 30, 2024
$24,133 $30,558 $25,979 $10,724 $9,644 $11,567 $24,641 $19,014 $156,260 
Nine Months Ended September 30, 2024
Beginning balance -
December 31, 2023
$19,599 $35,372 $26,505 $9,468 $8,842 $10,653 $22,965 $16,922 $150,326 
Provision for (reversal of)
    credit losses on loans
    HFI		4,636 (4,722)(306)1,311 802 674 1,676 3,577 7,648 
Recoveries of loans
previously charged-off
57 — 75 18 — 240 — 651 1,041 
Loans charged off(159)(92)(295)(73)— — — (2,136)(2,755)
Ending balance -
September 30, 2024
$24,133 $30,558 $25,979 $10,724 $9,644 $11,567 $24,641 $19,014 $156,260 
 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