Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2022

Allowance for Credit Losses

Loans individually or collectively evaluated for their impairment and related allowance, by loan class

	Three Months Ended June 30, 2022
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at March 31, 2022	$	23,901	$	36,372	$	34,854	$	3,062	$	4,016	$	7,046	$	264	$	712	$	110,227
Losses charged to allowance		(2,001)		—		—		—		(57)		—		(34)		—		(2,092)
Recoveries credited to allowance		508		1		6		—		168		14		5		—		702
Net (losses) recoveries charged to allowance		(1,493)		1		6		—		111		14		(29)		—		(1,390)
Credit loss expense		3,169		340		410		(206)		10		(166)		35		143		3,735
Balance at June 30, 2022	$	25,577	$	36,713	$	35,270	$	2,856	$	4,137	$	6,894	$	270	$	855	$	112,572

	Three Months Ended June 30, 2021
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at March 31, 2021	$	22,163	$	34,406	$	32,203	$	5,935	$	3,917	$	8,736	$	279	$	769	$	108,408
Losses charged to allowance		(1,655)		—		—		—		(117)		(21)		(55)		—		(1,848)
Recoveries credited to allowance		498		—		7		—		24		37		11		—		577
Net (losses) recoveries charged to allowance		(1,157)		—		7		—		(93)		16		(44)		—		(1,271)
Credit loss expense		2,057		(803)		2,028		(1,729)		92		(556)		33		22		1,144
Balance at June 30, 2021	$	23,063	$	33,603	$	34,238	$	4,206	$	3,916	$	8,196	$	268	$	791	$	108,281

	Six Months Ended June 30, 2022
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at December 31, 2021	$	23,178	$	35,390	$	35,654	$	3,291	$	4,073	$	7,754	$	272	$	762	$	110,374
Losses charged to allowance		(4,113)		(2)		—		—		(156)		(28)		(122)		—		(4,421)
Recoveries credited to allowance		1,110		3		14		—		198		62		16		—		1,403
Net (losses) recoveries charged to allowance		(3,003)		1		14		—		42		34		(106)		—		(3,018)
Credit loss expense		5,402		1,322		(398)		(435)		22		(894)		104		93		5,216
Balance at June 30, 2022	$	25,577	$	36,713	$	35,270	$	2,856	$	4,137	$	6,894	$	270	$	855	$	112,572

	Six Months Ended June 30, 2021
	Domestic														Foreign
			Commercial
			Real Estate:
			Other		Commercial
			Construction &		Real Estate:		Commercial
			Land		Farmland &		Real Estate:		Residential:		Residential:
	Commercial		Development		Commercial		Multifamily		First Lien		Junior Lien		Consumer		Foreign		Total
	(Dollars in Thousands)
Balance at December 31, 2020	$	21,908	$	37,612	$	30,000	$	5,051	$	3,874	$	9,570	$	291	$	753	$	109,059
Losses charged to allowance		(3,548)		—		(356)		—		(189)		(21)		(87)		—		(4,201)
Recoveries credited to allowance		956		—		19		—		35		58		19		—		1,087
Net (losses) recoveries charged to allowance		(2,592)		—		(337)		—		(154)		37		(68)		—		(3,114)
Credit loss expense		3,747		(4,009)		4,575		(845)		196		(1,411)		45		38		2,336
Balance at June 30, 2021	$	23,063	$	33,603	$	34,238	$	4,206	$	3,916	$	8,196	$	268	$	791	$	108,281

	June 30, 2022
	Loans Individually				Loans Collectively
	Evaluated For				Evaluated For
	Impairment				Impairment
	Recorded				Recorded
	Investment		Allowance		Investment		Allowance
	(Dollars in Thousands)
Domestic
Commercial	$	238	$	—	$	1,475,126	$	25,577
Commercial real estate: other construction & land development		564		70		1,732,670		36,643
Commercial real estate: farmland & commercial		333		—		2,542,421		35,270
Commercial real estate: multifamily		123		—		233,822		2,856
Residential: first lien		83		—		405,303		4,137
Residential: junior lien		—		—		437,356		6,894
Consumer		—		—		40,815		270
Foreign		—		—		158,275		855
Total	$	1,341	$	70	$	7,025,788	$	112,502

	December 31, 2021
	Loans Individually				Loans Collectively
	Evaluated For				Evaluated For
	Impairment				Impairment
	Recorded				Recorded
	Investment		Allowance		Investment		Allowance
	(Dollars in Thousands)
Domestic
Commercial	$	298	$	29	$	1,501,554	$	23,149
Commercial real estate: other construction & land development		589		70		1,667,524		35,320
Commercial real estate: farmland & commercial		562		—		2,710,494		35,654
Commercial real estate: multifamily		131		—		284,405		3,291
Residential: first lien		87		—		403,571		4,073
Residential: junior lien		—		—		464,173		7,754
Consumer		—		—		40,966		272
Foreign		—		—		134,797		762
Total	$	1,667	$	99	$	7,207,484	$	110,275

Loans accounted on non-accrual basis, by loan class

	June 30, 2022		December 31, 2021
	(Dollars in Thousands)
Domestic
Commercial	$	238	$	298
Commercial real estate: other construction & land development		564		589
Commercial real estate: farmland & commercial		333		562
Commercial real estate: multifamily		123		131
Residential: first lien		313		341
Total non-accrual loans	$	1,571	$	1,921

Loans accounted for as trouble debt restructuring, by loan class

	June 30, 2022		December 31, 2021
		(Dollars in Thousands)
Domestic
Residential: first lien	$	1,670	$	2,254
Residential: junior lien		103		105
Consumer		763		878
Foreign		59		16
Total troubled debt restructuring	$	2,595	$	3,253

Information regarding the aging of past due loans, by loan class

	June 30, 2022
							90 Days or		Total
	30 - 59		60 - 89		90 Days or		greater &		Past				Total
	Days		Days		Greater		still accruing		Due		Current		Portfolio
	(Dollars in Thousands)
Domestic
Commercial	$	3,498	$	440	$	101	$	68	$	4,039	$	1,471,325	$	1,475,364
Commercial real estate: other construction & land development		8,133		30,203		499		34		38,835		1,694,399		1,733,234
Commercial real estate: farmland & commercial		8,253		420		1,647		1,314		10,320		2,532,434		2,542,754
Commercial real estate: multifamily		72		123		—		—		195		233,750		233,945
Residential: first lien		2,035		696		5,596		5,452		8,327		397,059		405,386
Residential: junior lien		525		277		1,328		1,328		2,130		435,226		437,356
Consumer		260		78		18		18		356		40,459		40,815
Foreign		286		123		16		16		425		157,850		158,275
Total past due loans	$	23,062	$	32,360	$	9,205	$	8,230	$	64,627	$	6,962,502	$	7,027,129

	December 31, 2021
							90 Days or		Total
	30 - 59		60 - 89		90 Days or		greater &		Past				Total
	Days		Days		Greater		still accruing		Due		Current		Portfolio
		(Dollars in Thousands)
Domestic
Commercial	$	2,534	$	303	$	577	$	577	$	3,414	$	1,498,438	$	1,501,852
Commercial real estate: other construction & land development		499		334		188		188		1,021		1,667,092		1,668,113
Commercial real estate: farmland & commercial		18,164		172		644		307		18,980		2,692,076		2,711,056
Commercial real estate: multifamily		—		—		—		—		—		284,536		284,536
Residential: first lien		2,342		1,212		5,129		4,937		8,683		394,975		403,658
Residential: junior lien		747		115		1,055		1,055		1,917		462,256		464,173
Consumer		231		88		4		4		323		40,643		40,966
Foreign		1,319		232		1,574		1,574		3,125		131,672		134,797
Total past due loans	$	25,836	$	2,456	$	9,171	$	8,642	$	37,463	$	7,171,688	$	7,209,151

Summary of the loan portfolio by credit quality indicator, by loan class

		2022	2021		2020		2019		2018		Prior		Total
	(Dollars in Thousands)
Balance at June 30, 2022
Domestic
Commercial
Pass	$	357,293	$	820,154	$	124,285	$	53,239	$	49,922	$	32,410	$	1,437,303
Special Review		81		537		—		58		—		—		676
Watch List - Pass		3,002		—		—		743		—		—		3,745
Watch List - Substandard		30,023		3,067		258		—		54		—		33,402
Watch List - Doubtful		—		179		32		—		—		27		238
Total Commercial	$	390,399	$	823,937	$	124,575	$	54,040	$	49,976	$	32,437	$	1,475,364
Commercial real estate: other construction & land development
Pass	$	388,540	$	847,686	$	204,559	$	221,348	$	33,028	$	14,199	$	1,709,360
Special Review		—		—		—		210		—		—		210
Watch List - Substandard		—		—		23,100		—		—		—		23,100
Watch List - Doubtful		—		465		99		—		—		—		564
Total Commercial real estate: other construction & land development	$	388,540	$	848,151	$	227,758	$	221,558	$	33,028	$	14,199	$	1,733,234
Commercial real estate: farmland & commercial
Pass	$	378,503	$	693,221	$	585,581	$	258,592	$	373,049	$	129,821	$	2,418,767
Special Review		233		670		863		—		—		1		1,767
Watch List - Pass		17,242		257		—		3,218		—		—		20,717
Watch List - Substandard		34,662		—		63,646		553		—		2,309		101,170
Watch List - Doubtful		—		—		—		333		—		—		333
Total Commercial real estate: farmland & commercial	$	430,640	$	694,148	$	650,090	$	262,696	$	373,049	$	132,131	$	2,542,754
Commercial real estate: multifamily
Pass	$	46,317	$	90,621	$	60,405	$	12,523	$	6,529	$	17,427	$	233,822
Watch List - Doubtful		—		—		123		—		—		—		123
Total Commercial real estate: multifamily	$	46,317	$	90,621	$	60,528	$	12,523	$	6,529	$	17,427	$	233,945
Residential: first lien
Pass	$	88,520	$	86,918	$	54,395	$	44,902	$	37,259	$	92,776	$	404,770
Watch List - Substandard		100		433		—		—		—		—		533
Watch List - Doubtful		—		—		83		—		—		—		83
Total Residential: first lien	$	88,620	$	87,351	$	54,478	$	44,902	$	37,259	$	92,776	$	405,386
Residential: junior lien
Pass	$	48,374	$	119,846	$	102,124	$	45,454	$	24,213	$	97,345	$	437,356
Total Residential: junior lien	$	48,374	$	119,846	$	102,124	$	45,454	$	24,213	$	97,345	$	437,356
Residential: junior lien
Consumer
Pass	$	19,081	$	17,005	$	2,274	$	740	$	65	$	1,650	$	40,815
Total Consumer	$	19,081	$	17,005	$	2,274	$	740	$	65	$	1,650	$	40,815
Foreign
Pass	$	85,738	$	50,331	$	6,787	$	5,513	$	5,614	$	4,292	$	158,275
Total Foreign	$	85,738	$	50,331	$	6,787	$	5,513	$	5,614	$	4,292	$	158,275
Total Loans	$	1,497,709	$	2,731,390	$	1,228,614	$	647,426	$	529,733	$	392,257	$	7,027,129

		2021	2020		2019		2018		2017		Prior		Total
	(Dollars in Thousands)
Balance at December 31, 2021
Domestic
Commercial
Pass	$	1,041,763	$	167,691	$	77,579	$	58,439	$	37,104	$	5,144	$	1,387,720
Special Review		74,559		497		139		81		—		—		75,276
Watch List - Pass		33,920		—		—		—		—		10		33,930
Watch List - Substandard		3,581		273		716		57		—		1		4,628
Watch List - Doubtful		224		—		—		—		74		—		298
Total Commercial	$	1,154,047	$	168,461	$	78,434	$	58,577	$	37,178	$	5,155	$	1,501,852
Commercial
Commercial real estate: other construction & land development
Pass	$	966,946	$	312,389	$	308,673	$	37,124	$	16,642	$	2,439	$	1,644,213
Special Review		—		—		211		—		—		—		211
Watch List - Pass		—		23,100		—		—		—		—		23,100
Watch List - Doubtful		485		104		—		—		—		—		589
Total Commercial real estate: other construction & land development	$	967,431	$	335,593	$	308,884	$	37,124	$	16,642	$	2,439	$	1,668,113
Commercial real estate: farmland & commercial
Pass	$	1,001,335	$	680,777	$	288,333	$	417,353	$	96,096	$	97,119	$	2,581,013
Special Review		929		1,292		—		3,448		61		—		5,730
Watch List - Pass		18,790		44,059		—		—		94		1		62,944
Watch List - Substandard		—		54,097		3,899		—		2,355		456		60,807
Watch List - Doubtful		—		224		337		—		—		1		562
Total Commercial real estate: farmland & commercial	$	1,021,054	$	780,449	$	292,569	$	420,801	$	98,606	$	97,577	$	2,711,056
Commercial real estate: multifamily
Pass	$	133,152	$	40,766	$	78,609	$	10,632	$	14,217	$	7,029	$	284,405
Watch List - Doubtful		—		131		—		—		—		—		131
Total Commercial real estate: multifamily	$	133,152	$	40,897	$	78,609	$	10,632	$	14,217	$	7,029	$	284,536
Residential: first lien
Pass	$	128,742	$	52,725	$	57,249	$	49,259	$	29,477	$	85,838	$	403,290
Watch List - Substandard		56		—		103		—		122		—		281
Watch List - Doubtful		—		87		—		—		—		—		87
Total Residential: first lien	$	128,798	$	52,812	$	57,352	$	49,259	$	29,599	$	85,838	$	403,658
Residential: junior lien
Pass	$	130,629	$	123,062	$	59,113	$	30,603	$	40,855	$	79,911	$	464,173
Total Residential: junior lien	$	130,629	$	123,062	$	59,113	$	30,603	$	40,855	$	79,911	$	464,173
Consumer
Pass	$	32,053	$	5,693	$	1,370	$	189	$	9	$	1,652	$	40,966
Total Consumer	$	32,053	$	5,693	$	1,370	$	189	$	9	$	1,652	$	40,966
Foreign
Pass	$	74,811	$	33,360	$	9,223	$	8,852	$	4,790	$	3,761	$	134,797
Total Foreign	$	74,811	$	33,360	$	9,223	$	8,852	$	4,790	$	3,761	$	134,797
Total Loans	$	3,641,975	$	1,540,327	$	885,554	$	616,037	$	241,896	$	283,362	$	7,209,151