Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2022

Allowance for Credit Losses

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

	Three Months Ended September 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 June 30, 2022	$	25,577	$	36,713	$	35,270	$	2,856	$	4,137	$	6,894	$	270	$	855	$	112,572
Losses charged to allowance		(2,568)		—		—		—		(3)		—		(55)		—		(2,626)
Recoveries credited to allowance		562		100		7		—		13		27		15		—		724
Net (losses) recoveries charged to allowance		(2,006)		100		7		—		10		27		(40)		—		(1,902)
Credit loss expense		1,273		5,255		(303)		237		540		1,351		62		110		8,525
Balance at September 30, 2022	$	24,844	$	42,068	$	34,974	$	3,093	$	4,687	$	8,272	$	292	$	965	$	119,195

	Three Months Ended September 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 June 30, 2021	$	23,063	$	33,603	$	34,238	$	4,206	$	3,916	$	8,196	$	268	$	791	$	108,281
Losses charged to allowance		(2,287)		(2)		—		—		(73)		(4)		(64)		—		(2,430)
Recoveries credited to allowance		473		—		141		—		12		28		19		—		673
Net (losses) recoveries charged to allowance		(1,814)		(2)		141		—		(61)		24		(45)		—		(1,757)
Credit loss expense		1,955		503		871		9		(110)		(496)		47		22		2,801
Balance at September 30, 2021	$	23,204	$	34,104	$	35,250	$	4,215	$	3,745	$	7,724	$	270	$	813	$	109,325

	Nine Months Ended September 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		(6,681)		(2)		—		—		(159)		(28)		(177)		—		(7,047)
Recoveries credited to allowance		1,672		103		21		—		211		89		31		—		2,127
Net (losses) recoveries charged to allowance		(5,009)		101		21		—		52		61		(146)		—		(4,920)
Credit loss expense		6,675		6,577		(701)		(198)		562		457		166		203		13,741
Balance at September 30, 2022	$	24,844	$	42,068	$	34,974	$	3,093	$	4,687	$	8,272	$	292	$	965	$	119,195

	Nine Months Ended September 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		(5,835)		(2)		(356)		—		(262)		(25)		(151)		—		(6,631)
Recoveries credited to allowance		1,429		—		160		—		47		86		38		—		1,760
Net (losses) recoveries charged to allowance		(4,406)		(2)		(196)		—		(215)		61		(113)		—		(4,871)
Credit loss expense		5,702		(3,506)		5,446		(836)		86		(1,907)		92		60		5,137
Balance at September 30, 2021	$	23,204	$	34,104	$	35,250	$	4,215	$	3,745	$	7,724	$	270	$	813	$	109,325

	September 30, 2022
	Loans Individually				Loans Collectively
	Evaluated For				Evaluated For
	Impairment				Impairment
	Recorded				Recorded
	Investment		Allowance		Investment		Allowance
	(Dollars in Thousands)
Domestic
Commercial	$	108	$	—	$	1,448,415	$	24,844
Commercial real estate: other construction & land development		562		70		1,835,485		41,998
Commercial real estate: farmland & commercial		537		—		2,461,342		34,974
Commercial real estate: multifamily		121		—		245,685		3,093
Residential: first lien		81		—		412,271		4,687
Residential: junior lien		—		—		439,812		8,272
Consumer		—		—		41,786		292
Foreign		—		—		164,545		965
Total	$	1,409	$	70	$	7,049,341	$	119,125

	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

	September 30, 2022		December 31, 2021
	(Dollars in Thousands)
Domestic
Commercial	$	108	$	298
Commercial real estate: other construction & land development		562		589
Commercial real estate: farmland & commercial		537		562
Commercial real estate: multifamily		121		131
Residential: first lien		284		341
Total non-accrual loans	$	1,612	$	1,921

Loans accounted for as trouble debt restructuring, by loan class

	September 30, 2022		December 31, 2021
		(Dollars in Thousands)
Domestic
Residential: first lien	$	1,658	$	2,254
Residential: junior lien		323		105
Consumer		773		878
Foreign		57		16
Total troubled debt restructuring	$	2,811	$	3,253

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

	September 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	$	3,255	$	119	$	50	$	50	$	3,424	$	1,445,098	$	1,448,522
Commercial real estate: other construction & land development		1,130		—		465		—		1,595		1,834,452		1,836,047
Commercial real estate: farmland & commercial		1,119		844		1,458		921		3,421		2,458,459		2,461,880
Commercial real estate: multifamily		970		—		71		71		1,041		244,765		245,806
Residential: first lien		1,854		575		5,122		4,896		7,551		404,801		412,352
Residential: junior lien		617		84		1,289		1,289		1,990		437,822		439,812
Consumer		224		131		7		7		362		41,424		41,786
Foreign		1,221		310		16		16		1,547		162,998		164,545
Total past due loans	$	10,390	$	2,063	$	8,478	$	7,250	$	20,931	$	7,029,819	$	7,050,750

	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 September 30, 2022
Domestic
Commercial
Pass	$	511,978	$	680,788	$	100,975	$	45,000	$	44,685	$	30,337	$	1,413,763
Special Review		381		225		—		—		—		—		606
Watch List - Pass		3,052		—		—		680		—		—		3,732
Watch List - Substandard		29,863		164		233		—		52		1		30,313
Watch List - Doubtful		—		100		—		—		—		8		108
Total Commercial	$	545,274	$	681,277	$	101,208	$	45,680	$	44,737	$	30,346	$	1,448,522
Commercial real estate: other construction & land development
Pass	$	639,785	$	765,586	$	196,473	$	173,829	$	32,907	$	6,713	$	1,815,293
Special Review		—		—		—		210		—		—		210
Watch List - Substandard		19,982		—		—		—		—		—		19,982
Watch List - Doubtful		—		465		97		—		—		—		562
Total Commercial real estate: other construction & land development	$	659,767	$	766,051	$	196,570	$	174,039	$	32,907	$	6,713	$	1,836,047
Commercial real estate: farmland & commercial
Pass	$	575,325	$	611,346	$	479,814	$	263,504	$	355,473	$	96,759	$	2,382,221
Special Review		173		662		851		—		—		—		1,686
Watch List - Pass		17,139		252		—		2,906		—		—		20,297
Watch List - Substandard		—		—		54,166		685		—		2,288		57,139
Watch List - Doubtful		—		—		204		333		—		—		537
Total Commercial real estate: farmland & commercial	$	592,637	$	612,260	$	535,035	$	267,428	$	355,473	$	99,047	$	2,461,880
Commercial real estate: multifamily
Pass	$	64,755	$	86,768	$	60,342	$	12,178	$	6,211	$	15,431	$	245,685
Watch List - Doubtful		—		—		121		—		—		—		121
Total Commercial real estate: multifamily	$	64,755	$	86,768	$	60,463	$	12,178	$	6,211	$	15,431	$	245,806
Residential: first lien
Pass	$	110,081	$	84,544	$	51,752	$	42,580	$	35,871	$	86,906	$	411,734
Watch List - Substandard		100		437		—		—		—		—		537
Watch List - Doubtful		81		—		—		—		—		—		81
Total Residential: first lien	$	110,262	$	84,981	$	51,752	$	42,580	$	35,871	$	86,906	$	412,352
Residential: junior lien
Pass	$	72,963	$	117,776	$	95,206	$	42,720	$	22,661	$	88,486	$	439,812
Total Residential: junior lien	$	72,963	$	117,776	$	95,206	$	42,720	$	22,661	$	88,486	$	439,812
Residential: junior lien
Consumer
Pass	$	27,147	$	10,697	$	1,527	$	620	$	37	$	1,758	$	41,786
Total Consumer	$	27,147	$	10,697	$	1,527	$	620	$	37	$	1,758	$	41,786
Foreign
Pass	$	113,709	$	30,255	$	6,256	$	5,167	$	5,445	$	3,713	$	164,545
Total Foreign	$	113,709	$	30,255	$	6,256	$	5,167	$	5,445	$	3,713	$	164,545
Total Loans	$	2,186,514	$	2,390,065	$	1,048,017	$	590,412	$	503,342	$	332,400	$	7,050,750

		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