Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Roll Forward of The Allowance for Loan Losses

The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented:


	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total
Three Months Ended September 30, 2023
Allowance for credit losses:
Beginning balance	$	41,310	$	19,125	$	46,434	$	75,667	$	2,480	$	9,375	$	194,391

Charge-offs	(2,252)		—		(130)		—		(641)		(607)		(3,630)
Recoveries	690		48		181		208		2		568		1,697
Net (charge-offs) recoveries	(1,562)		48		51		208		(639)		(39)		(1,933)
Provision for (recovery of) credit losses on loans	4,696		483		(686)		(642)		1,514		(50)		5,315
Ending balance	$	44,444	$	19,656	$	45,799	$	75,233	$	3,355	$	9,286	$	197,773
Nine Months Ended September 30, 2023
Allowance for credit losses:
Beginning balance	$	44,255	$	19,114	$	44,727	$	71,798	$	2,463	$	9,733	$	192,090
Initial impact of purchased credit deteriorated loans acquired during the period	(26)		—		—		—		—		—		(26)
Charge-offs	(7,720)		(57)		(345)		(5,512)		(641)		(1,997)		(16,272)
Recoveries	2,689		48		375		697		13		1,884		5,706
Net (charge-offs) recoveries	(5,031)		(9)		30		(4,815)		(628)		(113)		(10,566)
Provision for (recovery of) credit losses on loans	5,246		551		1,042		8,250		1,520		(334)		16,275
Ending balance	$	44,444	$	19,656	$	45,799	$	75,233	$	3,355	$	9,286	$	197,773
Period-End Amount Allocated to:
Individually evaluated	$	11,194	$	—	$	77	$	1,260	$	856	$	270	$	13,657
Collectively evaluated	33,250		19,656		45,722		73,973		2,499		9,016		184,116
Ending balance	$	44,444	$	19,656	$	45,799	$	75,233	$	3,355	$	9,286	$	197,773
Loans:
Individually evaluated	$	20,996	$	—	$	13,007	$	18,403	$	1,047	$	270	$	53,723
Collectively evaluated	1,798,895		1,407,364		3,385,869		5,294,763		119,677		107,732		12,114,300
Ending balance	$	1,819,891	$	1,407,364	$	3,398,876	$	5,313,166	$	120,724	$	108,002	$	12,168,023

Nonaccruing loans with no allowance for credit losses	$	1,987	$	—	$	11,441	$	11,226	$	191	$	—	$	24,845


	Commercial		Real Estate - Construction		Real Estate - 1-4 Family Mortgage		Real Estate - Commercial Mortgage		Lease Financing		Installment Loans to Individuals		Total

Three Months Ended September 30, 2022
Allowance for credit losses:
Beginning balance	$	30,193	$	17,290	$	41,910	$	64,373	$	1,802	$	10,563	$	166,131

Charge-offs	(373)		—		(208)		(1,956)		—		(722)		(3,259)
Recoveries	415		—		378		50		113		728		1,684
Net (charge-offs) recoveries	42		—		170		(1,906)		113		6		(1,575)
Provision for (recovery of) credit losses on loans	268		1,454		1,452		6,800		399		(573)		9,800
Ending balance	$	30,503	$	18,744	$	43,532	$	69,267	$	2,314	$	9,996	$	174,356
Nine Months Ended September 30, 2022
Allowance for credit losses:
Beginning balance	$	33,922	$	16,419	$	32,356	$	68,940	$	1,486	$	11,048	$	164,171
Initial impact of purchased credit deteriorated loans acquired during the period	1,648		—		—		—		—		—		1,648
Charge-offs	(4,714)		—		(532)		(2,670)		(7)		(2,351)		(10,274)
Recoveries	1,982		—		725		397		136		2,271		5,511
Net (charge-offs) recoveries	(2,732)		—		193		(2,273)		129		(80)		(4,763)
Provision for (recovery of) credit losses on loans	(2,335)		2,325		10,983		2,600		699		(972)		13,300
Ending balance	$	30,503	$	18,744	$	43,532	$	69,267	$	2,314	$	9,996	$	174,356
Period-End Amount Allocated to:
Individually evaluated	$	4,064	$	—	$	—	$	2,649	$	—	$	370	$	7,083
Collectively evaluated	26,439		18,744		43,532		66,618		2,314		9,626		167,273
Ending balance	$	30,503	$	18,744	$	43,532	$	69,267	$	2,314	$	9,996	$	174,356
Loans:
Individually evaluated	$	9,088	$	153	$	5,965	$	19,043	$	—	$	370	$	34,619
Collectively evaluated	1,504,003		1,214,903		3,121,924		4,997,622		103,357		128,576		11,070,385
Ending balance	$	1,513,091	$	1,215,056	$	3,127,889	$	5,016,665	$	103,357	$	128,946	$	11,105,004

Nonaccruing loans with no allowance for credit losses	$	429	$	153	$	5,809	$	4,633	$	—	$	2	$	11,026

Schedule of Unfunded Loan Commitments, Allowance for Credit Losses

The following tables provide a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.


Three Months Ended September 30,	2023		2022
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	17,618	$	19,935
Recovery of credit losses on unfunded loan commitments (included in other noninterest expense)	(700)		—
Ending balance	$	16,918	$	19,935

Nine Months Ended September 30,	2023		2022
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	20,118	$	20,035
Recovery of credit losses on unfunded loan commitments (included in other noninterest expense)	(3,200)		(100)
Ending balance	$	16,918	$	19,935