LOANS AND ALLOWANCE (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Summary of Composition of Loan Portfolio by Loan Class

The following table illustrates the composition of the Corporation’s loan portfolio by loan class as of the dates indicated:

	June 30, 2024		December 31, 2023
Commercial and industrial loans	$	3,949,817	$	3,670,948
Agricultural land, production and other loans to farmers	239,926		263,414
Real estate loans:
Construction	823,267		957,545
Commercial real estate, non-owner occupied	2,323,533		2,400,839
Commercial real estate, owner occupied	1,174,195		1,162,083
Residential	2,370,905		2,288,921
Home equity	631,104		617,571
Individuals' loans for household and other personal expenditures	162,089		168,388
Public finance and other commercial loans	964,814		956,318
Loans	$	12,639,650	$	12,486,027

Summary of Credit Quality of Loan Portfolio by Loan Class

The following tables summarize the risk grading of the Corporation’s loan portfolio and gross charge-offs by loan class and by year of origination for the periods indicated. Consumer loans are not risk graded. For the purposes of this disclosure, the consumer loans are classified in the following manner: loans that are less than 30 days past due are Pass, loans 30-89 days past due are Special Mention and loans greater than 89 days past due are Substandard.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date.

	June 30, 2024
	Term Loans (amortized cost basis by origination year)												Revolving loans amortized		Revolving loans converted
	2024		2023		2022		2021		2020		Prior		cost basis		to term		Total
Commercial and industrial loans
Pass	$	778,502	$	810,290	$	275,900	$	201,870	$	70,975	$	76,151	$	1,533,518	$	4	$	3,747,210
Special Mention	2,913		5,746		21,042		1,574		2,488		11		35,722		—		69,496
Substandard	13,274		38,566		21,712		5,592		1,625		1,827		42,791		—		125,387
Doubtful	—		7,643		—		—		—		—		81		—		7,724
Total Commercial and industrial loans	794,689		862,245		318,654		209,036		75,088		77,989		1,612,112		4		3,949,817
Current period gross charge-offs	1,100		31,803		205		8,425		345		133		—		—		42,011
Agricultural land, production and other loans to farmers
Pass	22,137		24,869		34,809		29,077		28,845		34,134		61,444		—		235,315
Special Mention	—		—		245		—		—		448		250		—		943
Substandard	601		53		968		709		516		33		788		—		3,668
Total Agricultural land, production and other loans to farmers	22,738		24,922		36,022		29,786		29,361		34,615		62,482		—		239,926
Real estate loans:
Construction
Pass	166,149		276,029		194,572		95,193		6,632		9,460		10,810		—		758,845
Special Mention	—		5,600		23,660		645		—		—		—		—		29,905
Substandard	21,202		2,858		5,135		5,322		—		—		—		—		34,517
Total Construction	187,351		284,487		223,367		101,160		6,632		9,460		10,810		—		823,267
Commercial real estate, non-owner occupied
Pass	245,845		303,828		399,269		451,607		373,231		298,925		13,660		—		2,086,365
Special Mention	77,354		22,906		21,755		10,937		2,428		45,158		—		—		180,538
Substandard	19,488		2,927		189		502		19,824		1,638		85		—		44,653
Doubtful	—		11,288		689		—		—		—		—		—		11,977
Total Commercial real estate, non-owner occupied	342,687		340,949		421,902		463,046		395,483		345,721		13,745		—		2,323,533
Current period gross charge-offs	—		339		3		—		—		—		—		—		342
Commercial real estate, owner occupied
Pass	75,597		191,056		175,737		245,405		231,751		159,142		30,206		—		1,108,894
Special Mention	138		3,230		15,076		6,717		5,301		1,750		260		—		32,472
Substandard	2,072		16,234		964		5,028		4,118		4,135		278		—		32,829
Total Commercial real estate, owner occupied	77,807		210,520		191,777		257,150		241,170		165,027		30,744		—		1,174,195
Current period gross charge-offs	—		—		—		—		9		—		—		—		9
Residential
Pass	111,630		427,692		698,308		421,439		350,587		322,922		5,052		14		2,337,644
Special Mention	668		2,480		5,301		3,917		1,197		5,147		350		—		19,060
Substandard	414		760		4,367		2,973		1,250		4,437		—		—		14,201
Total Residential	112,712		430,932		707,976		428,329		353,034		332,506		5,402		14		2,370,905
Current period gross charge-offs	—		39		403		57		21		54		—		—		574
Home equity
Pass	6,606		7,648		26,336		56,066		10,956		4,652		500,801		6,294		619,359
Special Mention	113		—		1,340		406		1,057		66		5,117		245		8,344
Substandard	62		—		52		597		—		325		2,125		240		3,401
Total Home Equity	6,781		7,648		27,728		57,069		12,013		5,043		508,043		6,779		631,104
Current period gross charge-offs	—		11		36		22		—		265		—		—		334
Individuals' loans for household and other personal expenditures
Pass	34,921		27,868		37,193		14,676		3,983		5,878		35,512		659		160,690
Special Mention	29		224		226		135		110		18		623		—		1,365
Substandard	—		22		10		—		—		—		2		—		34
Total Individuals' loans for household and other personal expenditures	34,950		28,114		37,429		14,811		4,093		5,896		36,137		659		162,089
Current period gross charge-offs	22		353		232		120		25		32		—		—		784
Public finance and other commercial loans
Pass	43,164		54,409		206,136		199,844		152,505		308,167		589		—		964,814
Total Public finance and other commercial loans	43,164		54,409		206,136		199,844		152,505		308,167		589		—		964,814
Loans	$	1,622,879	$	2,244,226	$	2,170,991	$	1,760,231	$	1,269,379	$	1,284,424	$	2,280,064	$	7,456	$	12,639,650
Total current period gross charge-offs	$	1,122	$	32,545	$	879	$	8,624	$	400	$	484	$	—	$	—	$	44,054

	December 31, 2023
	Term Loans (amortized cost basis by origination year)												Revolving loans amortized		Revolving loans converted
	2023		2022		2021		2020		2019		Prior		cost basis		to term		Total
Commercial and industrial loans
Pass	$	1,175,967	$	474,601	$	253,148	$	86,226	$	47,910	$	45,020	$	1,393,756	$	60	$	3,476,688
Special Mention	34,356		3,911		1,546		5,149		2,986		241		45,994		—		94,183
Substandard	12,311		20,245		17,733		2,479		1,507		1,512		40,449		144		96,380
Doubtful	857		—		—		—		—		—		2,840		—		3,697
Total Commercial and industrial loans	1,223,491		498,757		272,427		93,854		52,403		46,773		1,483,039		204		3,670,948
Current period gross charge-offs	13,973		2,711		576		5,665		78		261		—		—		23,264
Agricultural land, production and other loans to farmers
Pass	35,633		38,145		31,511		31,048		12,995		25,462		87,534		—		262,328
Special Mention	—		266		—		—		—		122		—		—		388
Substandard	58		150		—		454		—		36		—		—		698
Total Agricultural land, production and other loans to farmers	35,691		38,561		31,511		31,502		12,995		25,620		87,534		—		263,414
Real estate loans:
Construction
Pass	403,578		267,587		198,350		8,372		7,723		2,357		11,735		—		899,702
Special Mention	25,894		—		—		20,846		—		—		—		—		46,740
Substandard	1,451		4,330		5,322		—		—		—		—		—		11,103
Total Construction	430,923		271,917		203,672		29,218		7,723		2,357		11,735		—		957,545
Commercial real estate, non-owner occupied
Pass	373,378		504,280		535,327		418,553		141,320		200,821		16,744		—		2,190,423
Special Mention	76,382		21,145		7,005		4,531		19,479		27,941		37		—		156,520
Substandard	20,358		10,537		219		20,236		—		2,299		247		—		53,896
Total Commercial real estate, non-owner occupied	470,118		535,962		542,551		443,320		160,799		231,061		17,028		—		2,400,839
Current period gross charge-offs	—		66		—		—		—		—		—		—		66
Commercial real estate, owner occupied
Pass	176,750		199,821		256,346		263,522		99,180		77,485		27,369		—		1,100,473
Special Mention	6,712		5,034		9,319		2,460		919		2,902		514		—		27,860
Substandard	18,092		3,712		4,183		4,545		289		2,929		—		—		33,750
Total Commercial real estate, owner occupied	201,554		208,567		269,848		270,527		100,388		83,316		27,883		—		1,162,083
Current period gross charge-offs	48		—		—		—		2		—		—		—		50
Residential
Pass	395,363		695,056		442,495		365,297		98,654		254,718		4,988		83		2,256,654
Special Mention	2,167		5,591		3,202		1,924		1,065		4,837		200		81		19,067
Substandard	804		3,708		2,529		1,199		866		4,063		31		—		13,200
Total Residential	398,334		704,355		448,226		368,420		100,585		263,618		5,219		164		2,288,921
Current period gross charge-offs	101		252		208		3		3		94		—		—		661
Home equity
Pass	9,375		29,784		61,591		11,084		1,092		3,875		484,330		5,837		606,968
Special Mention	—		715		—		1,092		15		2		5,031		149		7,004
Substandard	63		—		727		—		—		123		2,589		97		3,599
Total Home Equity	9,438		30,499		62,318		12,176		1,107		4,000		491,950		6,083		617,571
Current period gross charge-offs	69		213		224		149		193		1,596		—		—		2,444
Individuals' loans for household and other personal expenditures
Pass	35,781		49,295		28,387		6,726		2,070		5,904		38,619		772		167,554
Special Mention	184		246		138		69		—		14		176		—		827
Substandard	—		6		—		—		1		—		—		—		7
Total Individuals' loans for household and other personal expenditures	35,965		49,547		28,525		6,795		2,071		5,918		38,795		772		168,388
Current period gross charge-offs	147		770		342		77		62		156		—		—		1,554
Public finance and other commercial loans
Pass	65,357		208,347		204,863		155,132		91,619		229,355		1,645		—		956,318
Total Public finance and other commercial loans	65,357		208,347		204,863		155,132		91,619		229,355		1,645		—		956,318
Loans	$	2,870,871	$	2,546,512	$	2,063,941	$	1,410,944	$	529,690	$	892,018	$	2,164,828	$	7,223	$	12,486,027
Total current period gross charge-offs	$	14,338	$	4,012	$	1,350	$	5,894	$	338	$	2,107	$	—	$	—	$	28,039

The tables below present the amortized cost basis of collateral dependent loans by loan class and their respective collateral type, which are individually evaluated to determine expected credit losses. The total collateral dependent loan balance increased $5.0 million, primarily related to an increase of $8.1 million in commercial real estate, non-owner occupied, offset by a decrease of $3.4 million in commercial and industrial, for the six months ended June 30, 2024. The total related allowance balance decreased $612,000, primarily related to a decrease of $3.0 million in commercial and industrial, offset by an increase of $2.4 million in commercial real estate, non-owner occupied, for the six months ended June 30, 2024.

	June 30, 2024
	Commercial Real Estate		Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans
Commercial and industrial loans	$	—	$	—	$	28,665	$	28,665	$	8,442
Real estate loans:
Construction	—		5		—		5		—
Commercial real estate, non-owner occupied	25,606		—		—		25,606		2,483
Commercial real estate, owner occupied	9,951		—		—		9,951		—
Residential	—		1,263		—		1,263		204
Home equity	—		212		—		212		28
Loans	$	35,557	$	1,480	$	28,665	$	65,702	$	11,157

	December 31, 2023
	Commercial Real Estate		Residential Real Estate		Other		Total		Allowance on Collateral Dependent Loans
Commercial and industrial loans	$	—	$	—	$	32,029	$	32,029	$	11,474
Real estate loans:
Construction	—		7		—		7		—
Commercial real estate, non-owner occupied	17,516		—		—		17,516		35
Commercial real estate, owner occupied	9,452		—		—		9,452		—
Residential	—		1,439		—		1,439		230
Home equity	—		223		—		223		30
Loans	$	26,968	$	1,669	$	32,029	$	60,666	$	11,769

Summary of Past Due Aging of Loan Portfolio by Loan Class

The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, as of the dates indicated:

	June 30, 2024
	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total		Loans > 90 Days or More Past Due And Accruing
Commercial and industrial loans	$	3,932,986	$	6,014	$	463	$	10,354	$	3,949,817	$	385
Agricultural land, production and other loans to farmers	239,676		250		—		—		239,926		—
Real estate loans:
Construction	802,064		—		21,203		—		823,267		—
Commercial real estate, non-owner occupied	2,306,861		1,789		1,799		13,084		2,323,533		—
Commercial real estate, owner occupied	1,170,516		3,237		—		442		1,174,195		—
Residential	2,342,411		12,483		4,213		11,798		2,370,905		1,187
Home equity	621,441		4,293		2,152		3,218		631,104		114
Individuals' loans for household and other personal expenditures	160,690		1,017		348		34		162,089		—
Public finance and other commercial loans	964,814		—		—		—		964,814		—
Loans	$	12,541,459	$	29,083	$	30,178	$	38,930	$	12,639,650	$	1,686

	December 31, 2023
	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total		Loans > 90 Days or More Past Due And Accruing
Commercial and industrial loans	$	3,657,447	$	5,021	$	1,622	$	6,858	$	3,670,948	$	86
Agricultural land, production and other loans to farmers	263,414		—		—		—		263,414		—
Real estate loans:
Construction	955,588		—		1,957		—		957,545		—
Commercial real estate, non-owner occupied	2,376,184		12,995		195		11,465		2,400,839		—
Commercial real estate, owner occupied	1,161,869		—		104		110		1,162,083		—
Residential	2,259,496		11,810		5,472		12,143		2,288,921		—
Home equity	608,948		3,614		1,647		3,362		617,571		52
Individuals' loans for household and other personal expenditures	167,553		635		192		8		168,388		—
Public finance and other commercial loans	956,284		—		—		34		956,318		34
Loans	$	12,406,783	$	34,075	$	11,189	$	33,980	$	12,486,027	$	172

Summary of Non-Accrual Loans by Loan class

The following table summarizes the Corporation’s nonaccrual loans by loan class as of the dates indicated:

	June 30, 2024				December 31, 2023
	Nonaccrual Loans		Nonaccrual Loans with no Allowance for Credit Losses		Nonaccrual Loans		Nonaccrual Loans with no Allowance for Credit Losses
Commercial and industrial loans	$	13,373	$	5,884	$	9,050	$	1,015
Agricultural land, production and other loans to farmers	53		—		58		—
Real estate loans:
Construction	—		—		520		—
Commercial real estate, non-owner occupied	22,704		10,372		11,932		11,095
Commercial real estate, owner occupied	2,452		1,870		3,041		2,257
Residential	18,814		—		25,140		—
Home equity	4,476		—		3,820		—
Individuals' loans for household and other personal expenditures	34		—		19		—
Loans	$	61,906	$	18,126	$	53,580	$	14,367

Summary of Modified Loans

The following tables present the amortized cost basis of loans at June 30, 2024 and 2023 that were both experiencing financial difficulty and modified during the three and six months ended June 30, 2024 and 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.

	Three Months Ended June 30, 2024
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Combination Payment Delay & Term Extension		Combination Interest Rate Reduction, Term Extension, & Payment Delay		% of Total Class of Financing Receivable
Commercial and industrial loans	$	—	$	1,778	$	13	$	—	0.05	%
Real estate loans:
Commercial real estate, non-owner occupied	—		19,488		—		—		0.84	%
Commercial real estate, owner occupied	—		1,990		—		—		0.17	%
Residential	250		—		392		227		0.04	%
Home equity	—		—		162		—		0.03	%
Total	$	250	$	23,256	$	567	$	227

	Three Months Ended June 30, 2023
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Combination Interest Rate Reduction & Term Extension		Combination Payment Delay & Term Extension		% of Total Class of Financing Receivable
Commercial and industrial loans	$	—	$	3,917	$	110	$	—	0.11	%
Real estate loans:
Commercial real estate, non-owner occupied	—		1,570		—		—		0.07	%
Commercial real estate, owner occupied	5,664		2,032		—		—		0.65	%
Residential	—		14		—		458		0.02	%
Total	$	5,664	$	7,533	$	110	$	458

	Six Months Ended June 30, 2024
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Interest Rate Reduction		Combination Payment Delay & Term Extension		Combination Interest Rate Reduction, Term Extension, & Payment Delay		% of Total Class of Financing Receivable
Commercial and industrial loans	$	1,491	$	4,383	$	249	$	27	$	—	0.16	%
Real estate loans:
Commercial real estate, non-owner occupied	—		19,488		—		—		—		0.84	%
Commercial real estate, owner occupied	—		1,990		—		—		—		0.17	%
Residential	1,880		274		—		392		227		0.12	%
Home Equity	89		62		—		162		—		0.05	%
Total	$	3,460	$	26,197	$	249	$	581	$	227

	Six Months Ended June 30, 2023
	Loan Modifications Made to Borrowers Experiencing Financial Difficulty
	Payment Delay		Term Extension		Combination Interest Rate Reduction & Term Extension		Combination Payment Delay & Term Extension		% of Total Class of Financing Receivable
Commercial and industrial loans	$	—	$	12,897	$	110	$	—	0.37	%
Agricultural land, production and other loans to farmers	—		35		—		—		0.02	%
Real estate loans:
Construction	—		15		—		—		—	%
Commercial real estate, non-owner occupied	—		12,394		5,954		—		0.77	%
Commercial real estate, owner occupied	5,664		2,843		79		—		0.73	%
Residential	—		14		—		458		0.02	%
Total	$	5,664	$	28,198	$	6,143	$	458

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three and six months ended June 30, 2024 and 2023.

	Three Months Ended June 30, 2024
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Combination Payment Delay & Term Extension	Combination Payment Delay, Term Extension & Interest Rate Reduction
Commercial and industrial loans		Extended loans by a weighted average of 12 months.	Provided payment deferrals with weighted average delayed amounts of $5,000 and extended loans by a weighted average of 3 months.
Real estate loans:
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 16 months.
Commercial real estate, owner occupied		Extended loans by a weighted average of 28 months.
Residential	Provided payment deferrals with weighted average delayed amounts of $9,000.		Provided payment deferrals with weighted average delayed amounts of $8,000 and extended loans by a weighted average of 120 months.	Provided payment deferrals with weighted average delayed amounts of $14,000, extended loans by a weighted average of 12 months, and reduced the weighted average contractual interest rate from 5.75% to 5.00%.
Home equity			Provided payment deferrals with weighted average delayed amounts of $8,000 and extended loans by a weighted average of 60 months.

	Three Months Ended June 30, 2023
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Combination Interest Rate Reduction & Term Extension	Combination Payment Delay & Term Extension
Commercial and industrial loans		Extended loans by a weighted average of 6 months.	Reduced the weighted average contractual interest rate from 8.25% to 7.10%. Extended loans by a weighted average of 12 months.
Real estate loans:
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 8 months.
Commercial real estate, owner occupied	Provided payment deferrals with weighted average delayed amounts of $4.5 million.	Extended loans by a weighted average of 6 months.
Residential		Extended loans by a weighted average of 11 months.		Provided payment deferrals with weighted average delayed amounts of $3,400. Extended loans by a weighted average of 3 months.

	Six Months Ended June 30, 2024
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Interest Rate Reduction	Combination Payment Delay & Term Extension	Combination Payment Delay, Term Extension & Interest Rate Reduction
Commercial and industrial loans	Provided payment deferrals with weighted average delayed amounts of $50,000.	Extended loans by a weighted average of 14 months.	Reduced the weighted average contractual interest rate from 9.00% to 8.00%.	Provided payment deferrals with weighted average delayed amounts of $5,000 and extended loans by a weighted average of 3 months.
Real estate loans:
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 16 months.
Commercial real estate, owner occupied		Extended loans by a weighted average of 28 months.
Residential	Provided payment deferrals with weighted average delayed amounts of $28,000.	Extended loans by a weighted average of 6 months.		Provided payment deferrals with weighted average delayed amounts of $8,000 and extended loans by a weighted average of 120 months.	Provided payment deferrals with weighted average delayed amounts of $14,000, extended loans by a weighted average of 12 months, and reduced the weighted average contractual interest rate from 5.75% to 5.00%.
Home Equity	Provided payment deferrals with weighted average delayed amounts of $4,000.	Extended loans by a weighted average of 5 months.		Provided payment deferrals with weighted average delayed amounts of $8,000 and extended loans by a weighted average of 60 months.

	Six Months Ended June 30, 2023
	Financial Effect of Loan Modifications
	Payment Delay	Term Extension	Combination Interest Rate Reduction & Term Extension	Combination Payment Delay & Term Extension
Commercial and industrial loans		Extended loans by a weighted average of 7 months.	Reduced the weighted average contractual interest rate from 8.25% to 7.10%. Extended loans by a weighted average of 12 months.	Reduced the weighted average contractual interest rate from 8.25% to 7.10%. Extended loans by a weighted average of 12 months.
Agricultural land, production and other loans to farmers		Extended loans by a weighted average of 60 months.
Real estate loans:
Construction		Extended loans by a weighted average of 24 months.
Commercial real estate, non-owner occupied		Extended loans by a weighted average of 9 months.	Reduced the weighted average contractual interest rate from 7.81% to 7.40%. Extended loans by a weighted average of 41 months.
Commercial real estate, owner occupied	Provided payment deferrals with weighted average delayed amounts of $4.5 million.	Extended loans by a weighted average of 6 months.	Reduced the weighted average contractual interest rate from 10.25% to 6.61%. Extended loans by a weighted average of 12 months.
Residential		Extended loans by a weighted average of 11 months.		Provided payment deferrals with weighted average delayed amounts $3,400. Extended loans by a weighted average of 3 months.

The following tables present the amortized cost basis and payment status of loans modified within the previous twelve months to borrowers experiencing financial difficulty, and that subsequently defaulted during the three and six months ended June 30, 2024 and 2023 and remained in default at period end.

	Three Months Ended June 30, 2024
	Payment Status
	Current		30-89 Days Past Due
Commercial and industrial loans	$	1,791	$	125
Real estate loans:
Commercial real estate, non-owner occupied	19,488		1,799
Commercial real estate, owner occupied	1,990		—
Residential	869		538
Home equity	162		89
Total	$	24,300	$	2,551

	Three Months Ended June 30, 2023
	Payment Status
	Current		30-89 Days Past Due		90+ Days Past Due
Commercial and industrial loans	$	4,027	$	—	$	—
Real estate loans:
Commercial real estate, non-owner occupied	1,570		—		—
Commercial real estate, owner occupied	7,696		—		—
Residential	159		108		205
Total	$	13,452	$	108	$	205

	Six Months Ended June 30, 2024
	Payment Status
	Current		30-89 Days Past Due		90+ Days Past Due
Commercial and industrial loans	$	6,150	$	125	$	—
Real estate loans:
Commercial real estate, non-owner occupied	19,488		1,799		—
Commercial real estate, owner occupied	1,990		—		—
Residential	1,219		538		1,188
Home equity	224		89		—
Total	$	29,071	$	2,551	$	1,188

	Six Months Ended June 30, 2023
	Payment Status
	Current		30-89 Days Past Due		90+ Days Past Due
Commercial and industrial loans	$	13,007	$	—	$	—
Agricultural land, production and other loans to farmers	35		—		—
Real estate loans:
Construction	15		—		—
Commercial real estate, non-owner occupied	18,348		—		—
Commercial real estate, owner occupied	8,586		—		—
Residential	159		108		205
Total	$	40,150	$	108	$	205

Summary of Changes in Allowance for Loan Losses

The following tables summarize changes in the allowance for credit losses by loan segment for the three and six months ended June 30, 2024 and 2023:

	Three Months Ended June 30, 2024
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses
Balances, March 31, 2024	$	99,213	$	45,278	$	20,369	$	39,821	$	204,681
Provision for credit losses	31,648		75		(6,009)		(1,214)		24,500
Recoveries on loans	536		161		—		560		1,257
Loans charged off	(40,180)		—		—		(721)		(40,901)
Balances, June 30, 2024	$	91,217	$	45,514	$	14,360	$	38,446	$	189,537

	Three Months Ended June 30, 2023
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses
Balances, March 31, 2023	$	101,304	$	46,308	$	28,571	$	46,869	$	223,052
Provision for credit losses	7,639		(7,151)		1,502		(1,990)		—
Recoveries on loans	66		—		—		379		445
Loans charged off	(636)		—		—		(1,714)		(2,350)
Balances, June 30, 2023	$	108,373	$	39,157	$	30,073	$	43,544	$	221,147

	Six Months Ended June 30, 2024
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses
Balances, December 31, 2023	$	97,348	$	44,048	$	24,823	$	38,715	$	204,934
Provision for credit losses	34,793		1,603		(10,463)		567		26,500
Recoveries on loans	1,087		214		—		856		2,157
Loans charged off	(42,011)		(351)		—		(1,692)		(44,054)
Balances, June 30, 2024	$	91,217	$	45,514	$	14,360	$	38,446	$	189,537

	Six Months Ended June 30, 2023
	Commercial		Commercial Real Estate		Construction		Consumer & Residential		Total
Allowance for credit losses
Balances, December 31, 2022	$	102,216	$	46,839	$	28,955	$	45,267	$	223,277
Provision for credit losses	6,440		(7,734)		1,118		176		—
Recoveries on loans	596		56		—		637		1,289
Loans charged off	(879)		(4)		—		(2,536)		(3,419)
Balances, June 30, 2023	$	108,373	$	39,157	$	30,073	$	43,544	$	221,147

Summary of Financial Instruments with Off-balance Sheet Risk

Financial instruments with off-balance sheet risk were as follows:

	June 30, 2024		December 31, 2023
Amounts of commitments:
Loan commitments to extend credit	$	5,271,982	$	5,025,790
Standby letters of credit	$	69,618	$	65,580

Summary of Allowance for Credit Losses, Off-balance Sheet

The table below reflects the total allowance for credit losses for the off-balance sheet commitment for the three and six months ended June 30, 2024 and 2023:

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Balance at beginning of the period	$	19,500	$	23,300	$	19,500	$	23,300
Provision for credit losses - unfunded commitments	—		—		—		—
Ending balance	$	19,500	$	23,300	$	19,500	$	23,300