XML 34 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Loans and Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2024
Accounts Notes And Loans Receivable [Line Items]  
Loans, at Amortized Cost Basis

 

 

September 30,

 

 

December 31,

 

($ in thousands)

 

2024

 

 

2023

 

Commercial non-real estate

 

$

9,588,309

 

 

$

9,957,284

 

Commercial real estate - owner occupied

 

 

3,096,173

 

 

 

3,093,763

 

Total commercial and industrial

 

 

12,684,482

 

 

 

13,051,047

 

Commercial real estate - income producing

 

 

3,988,661

 

 

 

3,986,943

 

Construction and land development

 

 

1,423,615

 

 

 

1,551,091

 

Residential mortgages

 

 

3,988,309

 

 

 

3,886,072

 

Consumer

 

 

1,370,520

 

 

 

1,446,764

 

Total loans

 

$

23,455,587

 

 

$

23,921,917

 
Allowance for Credit Losses by Portfolio Class

The following tables present activity in the allowance for credit losses (ACL) by portfolio class for the nine months ended September 30, 2024 and 2023, as well as the corresponding recorded investment in loans at the end of each period.

 

 

 

 

Commercial

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

Commercial

 

Real Estate-

 

Commercial

 

Real Estate-

 

Construction

 

 

 

 

 

 

 

 

Non-Real

 

Owner

 

and

 

Income

 

and Land

 

Residential

 

 

 

 

 

($ in thousands)

Estate

 

Occupied

 

Industrial

 

Producing

 

Development

 

Mortgages

 

Consumer

 

Total

 

 

Nine Months Ended September 30, 2024

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

Beginning balance

$

101,737

 

$

40,197

 

$

141,934

 

$

74,539

 

$

27,039

 

$

38,983

 

$

25,412

 

$

307,907

 

Charge-offs

 

(33,869

)

 

—

 

 

(33,869

)

 

(8,819

)

 

(264

)

 

(229

)

 

(13,249

)

 

(56,430

)

Recoveries

 

18,067

 

 

986

 

 

19,053

 

 

7

 

 

62

 

 

430

 

 

2,586

 

 

22,138

 

Net provision for loan losses

 

22,808

 

 

(3,643

)

 

19,165

 

 

12,740

 

 

(2,044

)

 

3,673

 

 

10,122

 

 

43,656

 

Ending balance - allowance for loan losses

$

108,743

 

$

37,540

 

$

146,283

 

$

78,467

 

$

24,793

 

$

42,857

 

$

24,871

 

$

317,271

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

5,507

 

$

327

 

$

5,834

 

$

1,344

 

$

20,019

 

$

30

 

$

1,667

 

$

28,894

 

Provision for losses on unfunded commitments

 

752

 

 

(43

)

 

709

 

 

(353

)

 

(4,250

)

 

(27

)

 

520

 

 

(3,401

)

Ending balance - reserve for unfunded lending commitments

 

6,259

 

 

284

 

 

6,543

 

 

991

 

 

15,769

 

 

3

 

 

2,187

 

 

25,493

 

Total allowance for credit losses

$

115,002

 

$

37,824

 

$

152,826

 

$

79,458

 

$

40,562

 

$

42,860

 

$

27,058

 

$

342,764

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

4,283

 

$

51

 

$

4,334

 

$

—

 

$

—

 

$

750

 

$

197

 

$

5,281

 

Collectively evaluated

 

104,460

 

 

37,489

 

 

141,949

 

 

78,467

 

 

24,793

 

 

42,107

 

 

24,674

 

 

311,990

 

Allowance for loan losses

$

108,743

 

$

37,540

 

$

146,283

 

$

78,467

 

$

24,793

 

$

42,857

 

$

24,871

 

$

317,271

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

713

 

$

—

 

$

713

 

$

—

 

$

—

 

$

—

 

$

—

 

$

713

 

Collectively evaluated

 

5,546

 

 

284

 

 

5,830

 

 

991

 

 

15,769

 

 

3

 

 

2,187

 

 

24,780

 

Reserve for unfunded lending commitments

$

6,259

 

$

284

 

$

6,543

 

$

991

 

$

15,769

 

$

3

 

$

2,187

 

$

25,493

 

Total allowance for credit losses

$

115,002

 

$

37,824

 

$

152,826

 

$

79,458

 

$

40,562

 

$

42,860

 

$

27,058

 

$

342,764

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

12,435

 

$

1,219

 

$

13,654

 

$

1,679

 

$

5,694

 

$

1,893

 

$

3,096

 

$

26,016

 

Collectively evaluated

 

9,575,874

 

 

3,094,954

 

 

12,670,828

 

 

3,986,982

 

 

1,417,921

 

 

3,986,416

 

 

1,367,424

 

 

23,429,571

 

Total loans

$

9,588,309

 

$

3,096,173

 

$

12,684,482

 

$

3,988,661

 

$

1,423,615

 

$

3,988,309

 

$

1,370,520

 

$

23,455,587

 

 

 

 

Commercial

 

Total

 

Commercial

 

 

 

 

 

 

 

 

 

 

Commercial

 

Real Estate-

 

Commercial

 

Real Estate-

 

Construction

 

 

 

 

 

 

 

 

Non-Real

 

Owner

 

and

 

Income

 

and Land

 

Residential

 

 

 

 

 

($ in thousands)

Estate

 

Occupied

 

Industrial

 

Producing

 

Development

 

Mortgages

 

Consumer

 

Total

 

 

Nine Months Ended September 30, 2023

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

96,461

 

$

48,284

 

$

144,745

 

$

71,961

 

$

30,498

 

$

32,464

 

$

28,121

 

$

307,789

 

Charge-offs

 

(44,837

)

 

—

 

 

(44,837

)

 

(73

)

 

(72

)

 

(53

)

 

(10,787

)

 

(55,822

)

Recoveries

 

4,419

 

 

447

 

 

4,866

 

 

12

 

 

10

 

 

888

 

 

2,701

 

 

8,477

 

Net provision for loan losses

 

43,622

 

 

(7,152

)

 

36,470

 

 

2,441

 

 

(2,213

)

 

3,563

 

 

5,586

 

 

45,847

 

Ending balance - allowance for loan losses

$

99,665

 

$

41,579

 

$

141,244

 

$

74,341

 

$

28,223

 

$

36,862

 

$

25,621

 

$

306,291

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

4,984

 

$

302

 

$

5,286

 

$

1,395

 

$

25,110

 

$

31

 

$

1,487

 

$

33,309

 

Provision for losses on unfunded commitments

 

270

 

 

10

 

 

280

 

 

39

 

 

(3,874

)

 

4

 

 

(145

)

 

(3,696

)

Ending balance - reserve for unfunded lending commitments

 

5,254

 

 

312

 

 

5,566

 

 

1,434

 

 

21,236

 

 

35

 

 

1,342

 

 

29,613

 

Total allowance for credit losses

$

104,919

 

$

41,891

 

$

146,810

 

$

75,775

 

$

49,459

 

$

36,897

 

$

26,963

 

$

335,904

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

1,666

 

$

—

 

$

1,666

 

$

—

 

$

—

 

$

—

 

$

—

 

$

1,666

 

Collectively evaluated

 

97,999

 

 

41,579

 

 

139,578

 

 

74,341

 

 

28,223

 

 

36,862

 

 

25,621

 

 

304,625

 

Allowance for loan losses

$

99,665

 

$

41,579

 

$

141,244

 

$

74,341

 

$

28,223

 

$

36,862

 

$

25,621

 

$

306,291

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Collectively evaluated

 

5,254

 

 

312

 

 

5,566

 

 

1,434

 

 

21,236

 

 

35

 

 

1,342

 

 

29,613

 

Reserve for unfunded lending commitments

$

5,254

 

$

312

 

$

5,566

 

$

1,434

 

$

21,236

 

$

35

 

$

1,342

 

$

29,613

 

Total allowance for credit losses

$

104,919

 

$

41,891

 

$

146,810

 

$

75,775

 

$

49,459

 

$

36,897

 

$

26,963

 

$

335,904

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

17,658

 

$

—

 

$

17,658

 

$

—

 

$

—

 

$

—

 

$

—

 

$

17,658

 

Collectively evaluated

 

10,057,927

 

 

3,081,327

 

 

13,139,254

 

 

4,027,553

 

 

1,614,846

 

 

3,721,106

 

 

1,463,262

 

 

23,966,021

 

Total loans

$

10,075,585

 

$

3,081,327

 

$

13,156,912

 

$

4,027,553

 

$

1,614,846

 

$

3,721,106

 

$

1,463,262

 

$

23,983,679

 
Composition of Nonaccrual Loans and Without an Allowance for Loan Loss by Portfolio Class

The following table shows the composition of nonaccrual loans and those without an allowance for loan loss, by portfolio class.

 

 

 

 

 

 

 

 

 

 

 

September 30, 2024

 

December 31, 2023

 

($ in thousands)

Total Nonaccrual

 

Nonaccrual Without Allowance for Loan Loss

 

Total Nonaccrual

 

Nonaccrual Without Allowance for Loan Loss

 

Commercial non-real estate

$

21,397

 

$

1,838

 

$

20,840

 

$

13,637

 

Commercial real estate - owner occupied

 

2,889

 

 

—

 

 

2,228

 

 

—

 

Total commercial and industrial

 

24,286

 

 

1,838

 

 

23,068

 

 

13,637

 

Commercial real estate - income producing

 

1,918

 

 

1,679

 

 

461

 

 

—

 

Construction and land development

 

6,316

 

 

5,694

 

 

815

 

 

—

 

Residential mortgages

 

39,112

 

 

—

 

 

26,137

 

 

—

 

Consumer

 

11,234

 

 

2,599

 

 

8,555

 

 

—

 

Total loans

$

82,866

 

$

11,810

 

$

59,036

 

$

13,637

 

 
Provides Detail by Portfolio Class for Reportable MEFDs

The tables below provide detail by portfolio class for reportable MEFDs entered into during the three and nine months ended September 30, 2024 and 2023. Modified facilities are reported using the balance at the end of each period reported and are reflected only once in each table based on the type of modification or combination of modification.

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2024

 

 

Term Extension

 

Significant Payment Delay

 

Term Extensions and
Significant Payment Delay

 

Other

 

($ in thousands)

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Commercial non-real estate

$

48,913

 

 

0.51

%

$

—

 

 

—

 

$

17,020

 

 

0.18

%

$

—

 

 

—

 

Commercial real estate - owner occupied

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total commercial and industrial

 

48,913

 

 

0.39

%

 

—

 

 

—

 

 

17,020

 

 

0.13

%

 

—

 

 

—

 

Commercial real estate - income producing

 

3,050

 

 

0.08

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction and land development

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Residential mortgages

 

988

 

 

0.02

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Consumer

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total reportable modified loans

$

52,951

 

 

0.23

%

$

—

 

 

—

 

$

17,020

 

 

0.07

%

$

—

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2024

 

 

Term Extension

 

Significant Payment Delay

 

Term Extensions and
Significant Payment Delay

 

Other

 

($ in thousands)

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Commercial non-real estate

$

65,619

 

 

0.68

%

$

—

 

 

—

 

$

17,020

 

 

0.18

%

$

—

 

 

—

 

Commercial real estate - owner occupied

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total commercial and industrial

 

65,619

 

 

0.52

%

 

—

 

 

—

 

 

17,020

 

 

0.13

%

 

—

 

 

—

 

Commercial real estate - income producing

 

3,050

 

 

0.08

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction and land development

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Residential mortgages

 

3,618

 

 

0.09

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Consumer

 

143

 

 

0.01

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total reportable modified loans

$

72,430

 

 

0.31

%

$

—

 

 

—

 

$

17,020

 

 

0.07

%

$

—

 

 

—

 

 

 

 

Three Months Ended September 30, 2023

 

 

Term Extension

 

Significant Payment Delay

 

Term Extensions and
Significant Payment Delay

 

Other(1)

 

($ in thousands)

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Commercial non-real estate

$

5,873

 

 

0.06

%

$

—

 

 

—

 

$

4,431

 

 

0.04

%

$

—

 

 

—

 

Commercial real estate - owner occupied

 

—

 

 

—

 

 

—

 

 

—

 

 

17,035

 

 

0.55

%

 

—

 

 

—

 

Total commercial and industrial

 

5,873

 

 

0.04

%

 

—

 

 

—

 

 

21,466

 

 

0.16

%

 

—

 

 

—

 

Commercial real estate - income producing

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction and land development

 

86

 

 

0.01

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Residential mortgages

 

120

 

 

0.00

%

 

—

 

 

—

 

 

—

 

 

—

 

 

66

 

 

0.00

%

Consumer

 

62

 

 

0.00

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total reportable modified loans

$

6,141

 

 

0.03

%

$

—

 

 

—

 

$

21,466

 

 

0.09

%

$

66

 

 

0.00

%

(1) Includes interest rate reduction and other than insignificant payment delays

 

Nine Months Ended September 30, 2023

 

 

Term Extension

 

Significant Payment Delay

 

Term Extensions and
Significant Payment Delay

 

Other(1)

 

($ in thousands)

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Balance

 

Percentage of Portfolio

 

Commercial non-real estate

$

6,969

 

 

0.07

%

$

100

 

 

0.00

%

$

4,431

 

 

0.04

%

$

—

 

 

—

 

Commercial real estate - owner occupied

 

—

 

 

—

 

 

—

 

 

—

 

 

17,035

 

 

0.55

%

 

—

 

 

—

 

Total commercial and industrial

 

6,969

 

 

0.05

%

 

100

 

 

0.00

%

 

21,466

 

 

0.16

%

 

—

 

 

—

 

Commercial real estate - income producing

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction and land development

 

86

 

 

0.01

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Residential mortgages

 

120

 

 

0.00

%

 

—

 

 

—

 

 

—

 

 

—

 

 

66

 

 

0.00

%

Consumer

 

62

 

 

0.00

%

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total reportable modified loans

$

7,237

 

 

0.03

%

$

100

 

 

0.00

%

$

21,466

 

 

0.09

%

$

66

 

 

0.00

%

(1) Includes interest rate reduction and other than insignificant payment delays
Aging Analysis of Reportable Modifications To Borrowers Experiencing Financial Difficulty by Portfolio Class

The tables below present the aging analysis of reportable modifications to borrowers experiencing financial difficulty by portfolio class at September 30, 2024 and December 31, 2023.

September 30, 2024

30-59
Days
Past Due

 

60-89
Days
Past Due

 

Greater than
90 Days
Past Due

 

Total
Past Due

 

Current

 

Total Reportable
Modified Loans

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Commercial non-real estate

$

149

 

$

—

 

$

3,955

 

$

4,104

 

$

82,459

 

$

86,563

 

Commercial real estate - owner occupied

 

—

 

 

—

 

 

901

 

 

901

 

 

799

 

 

1,700

 

Total commercial and industrial

 

149

 

 

—

 

 

4,856

 

 

5,005

 

 

83,258

 

 

88,263

 

Commercial real estate - income producing

 

—

 

 

—

 

 

—

 

 

—

 

 

3,050

 

 

3,050

 

Construction and land development

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Residential mortgages

 

—

 

 

—

 

 

334

 

 

334

 

 

3,551

 

 

3,885

 

Consumer

 

—

 

 

—

 

 

196

 

 

196

 

 

158

 

 

354

 

Total reportable modified loans

$

149

 

$

—

 

$

5,386

 

$

5,535

 

$

90,017

 

$

95,552

 

 

December 31, 2023

30-59
Days
Past Due

 

60-89
Days
Past Due

 

Greater than
90 Days
Past Due

 

Total
Past Due

 

Current

 

Total Reportable
Modified Loans

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Commercial non-real estate

$

3,149

 

$

233

 

$

4,430

 

$

7,812

 

$

14,145

 

$

21,957

 

Commercial real estate - owner occupied

 

—

 

 

—

 

 

—

 

 

—

 

 

1,774

 

 

1,774

 

Total commercial and industrial

 

3,149

 

 

233

 

 

4,430

 

 

7,812

 

 

15,919

 

 

23,731

 

Commercial real estate - income producing

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction and land development

 

—

 

 

—

 

 

—

 

 

—

 

 

85

 

 

85

 

Residential mortgages

 

66

 

 

—

 

 

—

 

 

66

 

 

390

 

 

456

 

Consumer

 

—

 

 

—

 

 

—

 

 

—

 

 

274

 

 

274

 

Total reportable modified loans

$

3,215

 

$

233

 

$

4,430

 

$

7,878

 

$

16,668

 

$

24,546

 

There were loans to three commercial borrowers totaling $3.6 million, two residential mortgage borrowers totaling $0.3 million and one consumer borrower totaling $0.2 million with reportable term extensions and/or significant payment delays and interest rate

reduction modifications that had post modification payment defaults during the three month period ended September 30, 2024. For the nine month period ended September 30, 2024, there were loans to six commercial borrowers totaling $13.2 million, three residential mortgage borrowers totaling $0.4 million, and one consumer borrower totaling $0.2 million with reportable term extensions and/or significant payment delays and interest rate reduction modifications that had post modification payment defaults. There was one residential mortgage loan totaling $20 thousand with a reportable interest rate reduction and a term extension modification that had a post modification payment default during the three and nine month periods ended September 30, 2023. A payment default occurs if the loan is either 90 days or more delinquent or has been charged off as of the end of the period presented.
Aging Analysis of Past Due Loans by Portfolio Class

The tables below present the aging analysis of past due loans by portfolio class at September 30, 2024 and December 31, 2023.

September 30, 2024

30-59
Days
Past Due

 

60-89
Days
Past Due

 

Greater than
90 Days
Past Due

 

Total
Past Due

 

Current

 

Total
Loans

 

Recorded
Investment
> 90 Days and
Still Accruing

 

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial non-real estate

$

13,822

 

$

5,275

 

$

20,944

 

$

40,041

 

$

9,548,268

 

$

9,588,309

 

$

2,040

 

Commercial real estate - owner occupied

 

32,229

 

 

977

 

 

2,957

 

 

36,163

 

 

3,060,010

 

 

3,096,173

 

 

154

 

Total commercial and industrial

 

46,051

 

 

6,252

 

 

23,901

 

 

76,204

 

 

12,608,278

 

 

12,684,482

 

 

2,194

 

Commercial real estate - income producing

 

264

 

 

—

 

 

1,875

 

 

2,139

 

 

3,986,522

 

 

3,988,661

 

 

—

 

Construction and land development

 

528

 

 

338

 

 

2,534

 

 

3,400

 

 

1,420,215

 

 

1,423,615

 

 

68

 

Residential mortgages

 

9,700

 

 

14,821

 

 

30,618

 

 

55,139

 

 

3,933,170

 

 

3,988,309

 

 

229

 

Consumer

 

11,771

 

 

5,464

 

 

10,285

 

 

27,520

 

 

1,343,000

 

 

1,370,520

 

 

3,476

 

Total loans

$

68,314

 

$

26,875

 

$

69,213

 

$

164,402

 

$

23,291,185

 

$

23,455,587

 

$

5,967

 

 

December 31, 2023

30-59
Days
Past Due

 

60-89
Days
Past Due

 

Greater than
90 Days
Past Due

 

Total
Past Due

 

Current

 

Total
Loans

 

Recorded
Investment
> 90 Days and
Still Accruing

 

($ in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial non-real estate

$

12,311

 

$

4,381

 

$

21,132

 

$

37,824

 

$

9,919,460

 

$

9,957,284

 

$

5,782

 

Commercial real estate - owner occupied

 

1,614

 

 

1,596

 

 

1,715

 

 

4,925

 

 

3,088,838

 

 

3,093,763

 

 

431

 

Total commercial and industrial

 

13,925

 

 

5,977

 

 

22,847

 

 

42,749

 

 

13,008,298

 

 

13,051,047

 

 

6,213

 

Commercial real estate - income producing

 

3,938

 

 

606

 

 

408

 

 

4,952

 

 

3,981,991

 

 

3,986,943

 

 

—

 

Construction and land development

 

1,655

 

 

1,220

 

 

1,208

 

 

4,083

 

 

1,547,008

 

 

1,551,091

 

 

742

 

Residential mortgages

 

40,189

 

 

9,121

 

 

18,960

 

 

68,270

 

 

3,817,802

 

 

3,886,072

 

 

172

 

Consumer

 

11,059

 

 

5,957

 

 

6,611

 

 

23,627

 

 

1,423,137

 

 

1,446,764

 

 

2,482

 

Total loans

$

70,766

 

$

22,881

 

$

50,034

 

$

143,681

 

$

23,778,236

 

$

23,921,917

 

$

9,609

 
Credit Quality Indicators by Segment and Portfolio Class

The following tables present credit quality disclosures of amortized cost by class and vintage for term loans and by revolving and revolving converted to amortizing at September 30, 2024 and December 31, 2023. The Company defines vintage as the later of origination, renewal or modification date. The gross charge-offs presented in the tables that follow are for the nine months ended September 30, 2024 and the year ended December 31, 2023.

 

Term Loans

 

 

 

Revolving Loans

 

 

 

September 30, 2024

Amortized Cost Basis by Origination Year

 

Revolving

 

Converted to

 

 

 

 ($ in thousands)

2024

 

2023

 

2022

 

2021

 

2020

 

Prior

 

Loans

 

Term Loans

 

Total

 

Commercial Non-Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

1,242,683

 

$

1,148,392

 

$

1,251,664

 

$

845,389

 

$

355,496

 

$

1,018,069

 

$

3,039,288

 

$

71,506

 

$

8,972,487

 

Pass-Watch

 

5,172

 

 

49,166

 

 

19,600

 

 

26,650

 

 

12,865

 

 

19,682

 

 

37,897

 

 

14,202

 

 

185,234

 

Special Mention

 

410

 

 

21,334

 

 

16,905

 

 

—

 

 

6,253

 

 

53

 

 

47,735

 

 

510

 

 

93,200

 

Substandard

 

20,158

 

 

66,281

 

 

123,382

 

 

18,152

 

 

7,965

 

 

3,379

 

 

77,009

 

 

21,062

 

 

337,388

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

1,268,423

 

$

1,285,173

 

$

1,411,551

 

$

890,191

 

$

382,579

 

$

1,041,183

 

$

3,201,929

 

$

107,280

 

$

9,588,309

 

Gross Charge-offs

$

568

 

$

7,126

 

$

5,634

 

$

7,165

 

$

162

 

$

1,885

 

$

4,706

 

$

6,623

 

$

33,869

 

Commercial Real Estate - Owner Occupied:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

221,770

 

$

356,662

 

$

643,008

 

$

584,204

 

$

458,822

 

$

643,226

 

$

46,773

 

$

916

 

$

2,955,381

 

Pass-Watch

 

16,589

 

 

4,744

 

 

25,530

 

 

9,248

 

 

6,073

 

 

28,133

 

 

976

 

 

2,124

 

 

93,417

 

Special Mention

 

3,840

 

 

—

 

 

3,011

 

 

687

 

 

—

 

 

1,149

 

 

500

 

 

—

 

 

9,187

 

Substandard

 

1,712

 

 

900

 

 

20,333

 

 

278

 

 

969

 

 

13,996

 

 

—

 

 

—

 

 

38,188

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

243,911

 

$

362,306

 

$

691,882

 

$

594,417

 

$

465,864

 

$

686,504

 

$

48,249

 

$

3,040

 

$

3,096,173

 

Gross Charge-offs

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Commercial Real Estate - Income Producing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

289,495

 

$

505,801

 

$

1,017,675

 

$

828,154

 

$

593,144

 

$

566,508

 

$

29,945

 

$

1,469

 

$

3,832,191

 

Pass-Watch

 

22,416

 

 

2,869

 

 

24,497

 

 

10,192

 

 

55,297

 

 

17,490

 

 

645

 

 

—

 

 

133,406

 

Special Mention

 

183

 

 

150

 

 

—

 

 

—

 

 

—

 

 

6,158

 

 

—

 

 

—

 

 

6,491

 

Substandard

 

1,849

 

 

4,120

 

 

8,687

 

 

1,679

 

 

—

 

 

238

 

 

—

 

 

—

 

 

16,573

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

313,943

 

$

512,940

 

$

1,050,859

 

$

840,025

 

$

648,441

 

$

590,394

 

$

30,590

 

$

1,469

 

$

3,988,661

 

Gross Charge-offs

$

—

 

$

—

 

$

8,819

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

8,819

 

Construction and Land Development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

195,031

 

$

448,519

 

$

347,998

 

$

144,087

 

$

33,912

 

$

15,810

 

$

161,331

 

$

4,633

 

$

1,351,321

 

Pass-Watch

 

576

 

 

2,271

 

 

61,862

 

 

313

 

 

31

 

 

204

 

 

57

 

 

—

 

 

65,314

 

Special Mention

 

—

 

 

602

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

602

 

Substandard

 

209

 

 

937

 

 

1,351

 

 

3,581

 

 

26

 

 

274

 

 

—

 

 

—

 

 

6,378

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

195,816

 

$

452,329

 

$

411,211

 

$

147,981

 

$

33,969

 

$

16,288

 

$

161,388

 

$

4,633

 

$

1,423,615

 

Gross Charge-offs

$

—

 

$

113

 

$

94

 

$

30

 

$

—

 

$

20

 

$

—

 

$

7

 

$

264

 

Residential Mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

139,957

 

$

421,239

 

$

1,063,683

 

$

905,026

 

$

457,681

 

$

958,095

 

$

3,311

 

$

205

 

$

3,949,197

 

Nonperforming

 

96

 

 

4,733

 

 

7,394

 

 

5,557

 

 

930

 

 

20,402

 

 

—

 

 

—

 

 

39,112

 

Total

$

140,053

 

$

425,972

 

$

1,071,077

 

$

910,583

 

$

458,611

 

$

978,497

 

$

3,311

 

$

205

 

$

3,988,309

 

Gross Charge-offs

$

—

 

$

57

 

$

67

 

$

2

 

$

—

 

$

103

 

$

—

 

$

—

 

$

229

 

Consumer Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

50,157

 

$

44,130

 

$

40,744

 

$

24,123

 

$

19,084

 

$

49,064

 

$

1,108,488

 

$

23,496

 

$

1,359,286

 

Nonperforming

 

49

 

 

63

 

 

456

 

 

706

 

 

787

 

 

3,750

 

 

716

 

 

4,707

 

 

11,234

 

Total

$

50,206

 

$

44,193

 

$

41,200

 

$

24,829

 

$

19,871

 

$

52,814

 

$

1,109,204

 

$

28,203

 

$

1,370,520

 

Gross Charge-offs

$

31

 

$

1,317

 

$

1,996

 

$

904

 

$

162

 

$

760

 

$

6,395

 

$

1,684

 

$

13,249

 

 

 

Term Loans

 

 

 

Revolving Loans

 

 

 

December 31, 2023

Amortized Cost Basis by Origination Year

 

Revolving

 

Converted to

 

 

 

 ($ in thousands)

2023

 

2022

 

2021

 

2020

 

2019

 

Prior

 

Loans

 

Term Loans

 

Total

 

Commercial Non-Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

1,557,202

 

$

1,812,370

 

$

1,106,433

 

$

483,739

 

$

398,626

 

$

923,143

 

$

3,186,189

 

$

56,316

 

$

9,524,018

 

Pass-Watch

 

30,360

 

 

60,228

 

 

20,730

 

 

8,245

 

 

4,988

 

 

9,117

 

 

94,252

 

 

6,291

 

 

234,211

 

Special Mention

 

411

 

 

6,206

 

 

936

 

 

27

 

 

26

 

 

836

 

 

2,620

 

 

424

 

 

11,486

 

Substandard

 

48,264

 

 

48,178

 

 

18,882

 

 

8,058

 

 

3,079

 

 

1,660

 

 

54,453

 

 

4,995

 

 

187,569

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

1,636,237

 

$

1,926,982

 

$

1,146,981

 

$

500,069

 

$

406,719

 

$

934,756

 

$

3,337,514

 

$

68,026

 

$

9,957,284

 

Gross Charge-offs

$

7,885

 

$

1,179

 

$

1,484

 

$

27,000

 

$

81

 

$

1,750

 

$

11,971

 

$

8,480

 

$

59,830

 

Commercial Real Estate - Owner Occupied:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

374,466

 

$

689,626

 

$

620,272

 

$

501,054

 

$

284,032

 

$

493,707

 

$

40,533

 

$

12,587

 

$

3,016,277

 

Pass-Watch

 

2,574

 

 

9,587

 

 

9,654

 

 

3,451

 

 

8,791

 

 

17,581

 

 

389

 

 

—

 

 

52,027

 

Special Mention

 

837

 

 

—

 

 

617

 

 

—

 

 

110

 

 

5,083

 

 

—

 

 

—

 

 

6,647

 

Substandard

 

2,322

 

 

4,956

 

 

967

 

 

1,295

 

 

584

 

 

7,374

 

 

1,314

 

 

—

 

 

18,812

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

380,199

 

$

704,169

 

$

631,510

 

$

505,800

 

$

293,517

 

$

523,745

 

$

42,236

 

$

12,587

 

$

3,093,763

 

Gross Charge-offs

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Commercial Real Estate - Income Producing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

456,334

 

$

953,501

 

$

966,402

 

$

618,003

 

$

323,344

 

$

367,010

 

$

65,486

 

$

48,924

 

$

3,799,004

 

Pass-Watch

 

9,469

 

 

3,064

 

 

3,886

 

 

75,182

 

 

23,827

 

 

22,504

 

 

2,000

 

 

—

 

 

139,932

 

Special Mention

 

156

 

 

32,255

 

 

—

 

 

354

 

 

—

 

 

8,061

 

 

—

 

 

—

 

 

40,826

 

Substandard

 

4,086

 

 

1,921

 

 

286

 

 

—

 

 

122

 

 

766

 

 

—

 

 

—

 

 

7,181

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

470,045

 

$

990,741

 

$

970,574

 

$

693,539

 

$

347,293

 

$

398,341

 

$

67,486

 

$

48,924

 

$

3,986,943

 

Gross Charge-offs

$

73

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

73

 

Construction and Land Development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

388,453

 

$

676,687

 

$

248,036

 

$

62,086

 

$

6,008

 

$

18,834

 

$

139,587

 

$

2,769

 

$

1,542,460

 

Pass-Watch

 

3,067

 

 

2,820

 

 

827

 

 

83

 

 

128

 

 

323

 

 

212

 

 

—

 

 

7,460

 

Special Mention

 

294

 

 

—

 

 

—

 

 

—

 

 

62

 

 

—

 

 

—

 

 

—

 

 

356

 

Substandard

 

—

 

 

87

 

 

96

 

 

49

 

 

9

 

 

279

 

 

295

 

 

—

 

 

815

 

Doubtful

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

$

391,814

 

$

679,594

 

$

248,959

 

$

62,218

 

$

6,207

 

$

19,436

 

$

140,094

 

$

2,769

 

$

1,551,091

 

Gross Charge-offs

$

—

 

$

7

 

$

54

 

$

—

 

$

—

 

$

11

 

$

—

 

$

—

 

$

72

 

Residential Mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

439,024

 

$

910,361

 

$

950,400

 

$

489,262

 

$

176,041

 

$

891,232

 

$

3,615

 

$

—

 

$

3,859,935

 

Nonperforming

 

561

 

 

2,233

 

 

3,260

 

 

730

 

 

2,366

 

 

16,987

 

 

—

 

 

—

 

 

26,137

 

Total

$

439,585

 

$

912,594

 

$

953,660

 

$

489,992

 

$

178,407

 

$

908,219

 

$

3,615

 

$

—

 

$

3,886,072

 

Gross Charge-offs

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

55

 

$

—

 

$

—

 

$

55

 

Consumer Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

75,615

 

$

59,454

 

$

36,693

 

$

28,076

 

$

31,802

 

$

39,150

 

$

1,144,401

 

$

23,018

 

$

1,438,209

 

Nonperforming

 

176

 

 

237

 

 

245

 

 

438

 

 

445

 

 

2,528

 

 

369

 

 

4,117

 

 

8,555

 

Total

$

75,791

 

$

59,691

 

$

36,938

 

$

28,514

 

$

32,247

 

$

41,678

 

$

1,144,770

 

$

27,135

 

$

1,446,764

 

Gross Charge-offs

$

567

 

$

2,388

 

$

1,473

 

$

215

 

$

573

 

$

824

 

$

7,735

 

$

1,618

 

$

15,393

 
Total Commercial [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Credit Quality Indicators by Segment and Portfolio Class

The following tables present the credit quality indicators by segment and portfolio class of loans at September 30, 2024 and December 31, 2023. The Company routinely assesses the ratings of loans in its portfolio through an established and comprehensive portfolio management process.

 

 

September 30, 2024

 

($ in thousands)

 

Commercial
Non-Real
Estate

 

 

Commercial
Real Estate -
Owner-
Occupied

 

 

Total
Commercial
and Industrial

 

 

Commercial
Real Estate -
Income
Producing

 

 

Construction
and Land
Development

 

 

Total
Commercial

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

8,972,487

 

 

$

2,955,381

 

 

$

11,927,868

 

 

$

3,832,191

 

 

$

1,351,321

 

 

$

17,111,380

 

Pass-Watch

 

 

185,234

 

 

 

93,417

 

 

 

278,651

 

 

 

133,406

 

 

 

65,314

 

 

 

477,371

 

Special Mention

 

 

93,200

 

 

 

9,187

 

 

 

102,387

 

 

 

6,491

 

 

 

602

 

 

 

109,480

 

Substandard

 

 

337,388

 

 

 

38,188

 

 

 

375,576

 

 

 

16,573

 

 

 

6,378

 

 

 

398,527

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

9,588,309

 

 

$

3,096,173

 

 

$

12,684,482

 

 

$

3,988,661

 

 

$

1,423,615

 

 

$

18,096,758

 

 

 

 

 

December 31, 2023

 

($ in thousands)

 

Commercial
Non-Real
Estate

 

 

Commercial
Real Estate -
Owner-
Occupied

 

 

Total
Commercial
and Industrial

 

 

Commercial
Real Estate -
Income
Producing

 

 

Construction
and Land
Development

 

 

Total
Commercial

 

Grade:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

9,524,018

 

 

$

3,016,277

 

 

$

12,540,295

 

 

$

3,799,004

 

 

$

1,542,460

 

 

$

17,881,759

 

Pass-Watch

 

 

234,211

 

 

 

52,027

 

 

 

286,238

 

 

 

139,932

 

 

 

7,460

 

 

 

433,630

 

Special Mention

 

 

11,486

 

 

 

6,647

 

 

 

18,133

 

 

 

40,826

 

 

 

356

 

 

 

59,315

 

Substandard

 

 

187,569

 

 

 

18,812

 

 

 

206,381

 

 

 

7,181

 

 

 

815

 

 

 

214,377

 

Doubtful

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

9,957,284

 

 

$

3,093,763

 

 

$

13,051,047

 

 

$

3,986,943

 

 

$

1,551,091

 

 

$

18,589,081

 
Residential Mortgage and Consumer [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Credit Quality Indicators by Segment and Portfolio Class

 

 

September 30, 2024

 

 

December 31, 2023

 

($ in thousands)

 

Residential
Mortgage

 

 

Consumer

 

 

Total

 

 

Residential
Mortgage

 

 

Consumer

 

 

Total

 

Performing

 

$

3,949,197

 

 

$

1,359,286

 

 

$

5,308,483

 

 

$

3,859,935

 

 

$

1,438,209

 

 

$

5,298,144

 

Nonperforming

 

 

39,112

 

 

 

11,234

 

 

 

50,346

 

 

 

26,137

 

 

 

8,555

 

 

 

34,692

 

Total

 

$

3,988,309

 

 

$

1,370,520

 

 

$

5,358,829

 

 

$

3,886,072

 

 

$

1,446,764

 

 

$

5,332,836