Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024
Allowance for credit losses:
Beginning balance	$	44,951	$	18,896	$	47,421	$	77,125	$	2,515	$	8,963	$	199,871

Charge-offs	(347)		—		(256)		(10)		(642)		(649)		(1,904)
Recoveries	514		—		57		11		8		611		1,201
Net (charge-offs) recoveries	167		—		(199)		1		(634)		(38)		(703)
Provision for (recovery of) credit losses on loans	(2,065)		(2,240)		(3)		4,961		503		54		1,210
Ending balance	$	43,053	$	16,656	$	47,219	$	82,087	$	2,384	$	8,979	$	200,378
Nine Months Ended September 30, 2024
Allowance for credit losses:
Beginning balance	$	43,980	$	18,612	$	47,283	$	77,020	$	2,515	$	9,168	$	198,578

Charge-offs	(882)				(546)		(5,737)		(642)		(1,379)		(9,186)
Recoveries	1,385				130		116		26		1,181		2,838
Net (charge-offs) recoveries	503		—		(416)		(5,621)		(616)		(198)		(6,348)
Provision for (recovery of) credit losses on loans	(1,430)		(1,956)		352		10,688		485		9		8,148
Ending balance	$	43,053	$	16,656	$	47,219	$	82,087	$	2,384	$	8,979	$	200,378
Period-End Amount Allocated to:
Individually evaluated	$	8,805	$	—	$	—	$	4,878	$	—	$	270	$	13,953
Collectively evaluated	34,248		16,656		47,219		77,209		2,384		8,709		186,425
Ending balance	$	43,053	$	16,656	$	47,219	$	82,087	$	2,384	$	8,979	$	200,378
Loans:
Individually evaluated	$	15,370	$	241	$	7,815	$	47,321	$	614	$	270	$	71,631
Collectively evaluated	1,789,591		1,198,597		3,432,223		5,947,831		97,545		90,230		12,556,017
Ending balance	$	1,804,961	$	1,198,838	$	3,440,038	$	5,995,152	$	98,159	$	90,500	$	12,627,648

Nonaccruing loans with no allowance for credit losses	$	122	$	—	$	6,868	$	25,016	$	614	$	—	$	32,620


	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

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,	2024		2023
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	15,718	$	17,618
Recovery of credit losses on unfunded loan commitments	(275)		(700)
Ending balance	$	15,443	$	16,918

Nine Months Ended September 30,	2024		2023
Allowance for credit losses on unfunded loan commitments:
Beginning balance	$	16,918	$	20,118
Recovery of credit losses on unfunded loan commitments	(1,475)		(3,200)
Ending balance	$	15,443	$	16,918