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Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Allowance for Credit Losses
Activity in the allowance for credit losses is summarized as follows:
 Three Months Ended September 30, 2023
(In thousands)Beginning
Balance
Provision
for Credit
Losses
Charge-
Offs
RecoveriesEnding
Balance
Construction and land development$6,960 $725 $— $— $7,685 
Commercial real estate - owner-occupied6,418 (353)— — 6,065 
Commercial real estate - non-owner occupied54,103 (1,677)— 15 52,441 
Residential real estate36,710 2,009 (44)60 38,735 
Commercial and financial40,272 2,932 (11,814)135 31,525 
Consumer15,252 (942)(1,265)165 13,210 
Totals$159,715 $2,694 $(13,123)$375 $149,661 

 Three Months Ended September 30, 2022
(In thousands)Beginning
Balance
Provision
for Credit
Losses
Charge-
Offs
RecoveriesTDR
Allowance
Adjustments
Ending
Balance
Construction and land development2,552 792 — — 3,345 
Commercial real estate - owner occupied7,376 (2,182)— — — 5,194 
Commercial real estate - non-owner occupied46,459 (6,841)(179)23 — 39,462 
Residential real estate14,821 11,193 — 31 (8)26,037 
Commercial and financial17,144 (1,457)(77)92 (1)15,701 
Consumer2,417 3,171 (152)158 (4)5,590 
Totals$90,769 $4,676 $(408)$305 $(13)$95,329 
Nine Months Ended September 30, 2023
(In thousands)Beginning
Balance
Allowance on PCD Loans Acquired During the PeriodProvision
for Credit
Losses
Charge-
Offs
RecoveriesEnding
Balance
Construction and land development$6,464 $$1,208 $— $$7,685 
Commercial real estate - owner occupied6,051 139 (127)— 6,065 
Commercial real estate - non-owner occupied43,258 647 8,461 (109)184 52,441 
Residential real estate29,605 400 8,659 (312)383 38,735 
Commercial and financial15,648 17,527 11,548 (15,183)1,985 31,525 
Consumer12,869 161 3,779 (3,864)265 13,210 
Totals$113,895 $18,879 $33,528 $(19,468)$2,827 $149,661 
Nine Months Ended September 30, 2022
(In thousands)Beginning BalanceAllowance on PCD Loans Acquired During the PeriodProvision for Credit LossesCharge- OffsRecoveriesTDR Allowance AdjustmentsEnding Balance
Construction and land development$2,751 $— $529 $— $65 $— $3,345 
Commercial real estate - owner occupied8,579 — (3,385)— — — 5,194 
Commercial real estate - non-owner occupied36,617 31 2,961 (179)32 — 39,462 
Residential real estate12,811 17 12,901 (1)334 (25)26,037 
Commercial and financial19,744 (3,585)(899)440 (2)15,701 
Consumer2,813 — 2,633 (446)596 (6)5,590 
Totals$83,315 $51 $12,054 $(1,525)$1,467 $(33)$95,329 
Schedule of Loan Portfolio, Excluding PCI Loans and Related Allowance The Company’s loan portfolio and related allowance at September 30, 2023 and December 31, 2022 are shown in the following tables:
 September 30, 2023
 Individually Evaluated Collectively EvaluatedTotal
(In thousands)Recorded
Investment
Associated
Allowance
Recorded
Investment
Associated
Allowance
Recorded
Investment
Associated
Allowance
Construction and land development$— $— $793,736 $7,685 $793,736 $7,685 
Commercial real estate - owner occupied1,908 — 1,673,973 6,065 1,675,881 6,065 
Commercial real estate - non-owner occupied8,519 530 3,277,455 51,911 3,285,974 52,441 
Residential real estate1,810 — 2,417,093 38,735 2,418,903 38,735 
Commercial and financial23,287 8,062 1,564,865 23,463 1,588,152 31,525 
Consumer— — 248,540 13,210 248,540 13,210 
Totals$35,524 $8,592 $9,975,662 $141,069 $10,011,186 $149,661 

 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 occupied3,346 41 1,474,956 6,010 1,478,302 6,051 
Commercial real estate - non-owner occupied4,183 230 2,585,591 43,028 2,589,774 43,258 
Residential real estate11,333 275 1,838,170 29,330 1,849,503 29,605 
Commercial and financial12,167 2,639 1,341,059 13,009 1,353,226 15,648 
Consumer426 362 286,161 12,507 286,587 12,869 
Totals$31,514 $3,547 $8,113,210 $110,348 $8,144,724 $113,895