Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

Activity in the allowance for credit losses is summarized as follows:


	Three Months Ended March 31, 2023
(In thousands)	Beginning Balance		Initial Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses		Charge- Offs		Recoveries		Ending Balance
Construction and land development	$	6,464	$	5	$	69	$	—	$	2	$	6,540
Commercial real estate - owner occupied	6,051		139		101		—		1		6,292
Commercial real estate - non-owner occupied	43,258		647		9,715		(109)		64		53,575
Residential real estate	29,605		400		9,898		(159)		150		39,894
Commercial and financial	15,648		11,983		6,414		(2,642)		190		31,593
Consumer	12,869		161		5,401		(695)		10		17,746
Totals	$	113,895	$	13,335	$	31,598	$	(3,605)	$	417	$	155,640


	Three Months Ended March 31, 2022
(In thousands)	Beginning Balance		Allowance on PCD Loans Acquired During the Period		Provision for Credit Losses		Charge- Offs		Recoveries		TDR Allowance Adjustments		Ending Balance
Construction and land development	$	2,751	$	—	$	(493)	$	—	$	10	$	—	$	2,268
Commercial real estate - owner occupied	8,579		—		715		—		—		—		9,294
Commercial real estate - non-owner occupied	36,617		31		7,274		—		—		—		43,922
Residential real estate	12,811		17		1,060		(1)		191		(3)		14,075
Commercial and financial	19,744		3		(1,628)		(569)		177		—		17,727
Consumer	2,813		—		(372)		(95)		208		(2)		2,552
Totals	$	83,315	$	51	$	6,556	$	(665)	$	586	$	(5)	$	89,838

Schedule of Loan Portfolio, Excluding PCI Loans and Related Allowance

The allowance for credit losses is composed of specific allowances for loans individually evaluated and general allowances for loans grouped into loan pools based on similar characteristics, which are collectively evaluated. The Company’s loan portfolio and related allowance at March 31, 2023 and December 31, 2022 are shown in the following tables:


	March 31, 2023
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	6	$	—	$	757,829	$	6,540	$	757,835	$	6,540
Commercial real estate - owner occupied	4,843		126		1,647,648		6,166		1,652,491		6,292
Commercial real estate - non-owner occupied	23,072		386		3,388,979		53,189		3,412,051		53,575
Residential real estate	12,986		177		2,341,408		39,717		2,354,394		39,894
Commercial and financial	39,355		14,798		1,616,529		16,795		1,655,884		31,593
Consumer	1,254		1,189		300,486		16,557		301,740		17,746
Totals	$	81,516	$	16,676	$	10,052,879	$	138,964	$	10,134,395	$	155,640


	December 31, 2022
	Individually Evaluated				Collectively Evaluated				Total
(In thousands)	Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance		Recorded Investment		Associated Allowance
Construction and land development	$	59	$	—	$	587,273	$	6,464	$	587,332	$	6,464
Commercial real estate - owner occupied	3,346		41		1,474,956		6,010		1,478,302		6,051
Commercial real estate - non-owner occupied	4,183		230		2,585,591		43,028		2,589,774		43,258
Residential real estate	11,333		275		1,838,170		29,330		1,849,503		29,605
Commercial and financial	12,167		2,639		1,341,059		13,009		1,353,226		15,648
Consumer	426		362		286,161		12,507		286,587		12,869
Totals	$	31,514	$	3,547	$	8,113,210	$	110,348	$	8,144,724	$	113,895