Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Financial Instruments whose Contract Amount Represents Off-Balance Sheet Credit Risk

Financial instruments whose contract amount represents off-balance sheet credit risk at March 31, 2023 are generally short-term and are as follows:

(in thousands)	Approximate Contract Amount
Commitments to extend credit	$	1,208,897
Standby letters of credit	29,965
Commercial letters of credit	606
	$	1,239,468

Schedule of Changes in the Allowance for Credit Losses for Off-Balance Sheet

The following table summarizes the changes in the allowance for credit losses for off-balance sheet exposures for the three months ended March 31, 2023:

(in thousands)	Allowance for Contingency Losses
Balances at beginning of the year	$	1,702
Provision for credit losses	300
Balances at March 31, 2023	$	2,002