LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
Loans Stated at Face Amount, Net of Unearned Income |
The following tables exclude LHFS. The Company’s LHFI are stated at their face amount, net of deferred fees and costs, and consisted of the following at September 30, 2023 and December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
December 31, 2022 |
Construction and Land Development |
|
|
$ |
1,132,940 |
|
$ |
1,101,260 |
Commercial Real Estate – Owner Occupied |
|
|
|
1,975,281 |
|
|
1,982,608 |
Commercial Real Estate – Non-Owner Occupied |
|
|
|
4,148,218 |
|
|
3,996,130 |
Multifamily Real Estate |
|
|
|
947,153 |
|
|
802,923 |
Commercial & Industrial |
|
|
|
3,432,319 |
|
|
2,983,349 |
Residential 1-4 Family – Commercial |
|
|
|
517,034 |
|
|
538,063 |
Residential 1-4 Family – Consumer |
|
|
|
1,057,294 |
|
|
940,275 |
Residential 1-4 Family – Revolving |
|
|
|
599,282 |
|
|
585,184 |
Auto |
|
|
|
534,361 |
|
|
592,976 |
Consumer |
|
|
|
126,151 |
|
|
152,545 |
Other Commercial |
|
|
|
813,587 |
|
|
773,829 |
Total LHFI, net of deferred fees and costs(1) |
|
|
|
15,283,620 |
|
|
14,449,142 |
Allowance for loan and lease losses |
|
|
|
(125,627) |
|
|
(110,768) |
Total LHFI, net |
|
|
$ |
15,157,993 |
|
$ |
14,338,374 |
(1) Total loans included unamortized premiums and discounts, and unamortized deferred fees and costs totaling $58.4 million and $50.4 million as of September 30, 2023 and December 31, 2022, respectively.
|
Summary of Aging of the Loan Portfolio by Class |
The following table shows the aging of the Company’s LHFI portfolio, by class, at September 30, 2023 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than |
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days |
|
60-89 Days |
|
90 Days and |
|
|
|
|
|
|
|
|
|
Current |
|
Past Due |
|
Past Due |
|
still Accruing |
|
Nonaccrual |
|
Total Loans |
|
Construction and Land Development |
|
$ |
1,132,174 |
|
$ |
— |
|
$ |
386 |
|
$ |
25 |
|
$ |
355 |
|
$ |
1,132,940 |
|
Commercial Real Estate – Owner Occupied |
|
|
1,963,601 |
|
|
3,501 |
|
|
1,902 |
|
|
2,395 |
|
|
3,882 |
|
|
1,975,281 |
|
Commercial Real Estate – Non-Owner Occupied |
|
|
4,134,014 |
|
|
4,573 |
|
|
797 |
|
|
2,835 |
|
|
5,999 |
|
|
4,148,218 |
|
Multifamily Real Estate |
|
|
947,003 |
|
|
— |
|
|
150 |
|
|
— |
|
|
— |
|
|
947,153 |
|
Commercial & Industrial |
|
|
3,425,646 |
|
|
3,049 |
|
|
576 |
|
|
792 |
|
|
2,256 |
|
|
3,432,319 |
|
Residential 1-4 Family – Commercial |
|
|
513,573 |
|
|
744 |
|
|
67 |
|
|
817 |
|
|
1,833 |
|
|
517,034 |
|
Residential 1-4 Family – Consumer |
|
|
1,040,519 |
|
|
1,000 |
|
|
1,775 |
|
|
3,632 |
|
|
10,368 |
|
|
1,057,294 |
|
Residential 1-4 Family – Revolving |
|
|
591,748 |
|
|
2,326 |
|
|
602 |
|
|
1,034 |
|
|
3,572 |
|
|
599,282 |
|
Auto |
|
|
530,729 |
|
|
2,703 |
|
|
339 |
|
|
229 |
|
|
361 |
|
|
534,361 |
|
Consumer |
|
|
125,373 |
|
|
517 |
|
|
164 |
|
|
97 |
|
|
— |
|
|
126,151 |
|
Other Commercial |
|
|
810,027 |
|
|
3,545 |
|
|
— |
|
|
15 |
|
|
— |
|
|
813,587 |
|
Total LHFI, net of deferred fees and costs |
|
$ |
15,214,407 |
|
$ |
21,958 |
|
$ |
6,758 |
|
$ |
11,871 |
|
$ |
28,626 |
|
$ |
15,283,620 |
|
% of total loans |
|
|
99.55 |
% |
|
0.14 |
% |
|
0.04 |
% |
|
0.08 |
% |
|
0.19 |
% |
|
100.00 |
% |
The following table shows the aging of the Company’s LHFI portfolio, by class, at December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than |
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days |
|
60-89 Days |
|
90 Days and |
|
|
|
|
|
|
|
|
|
Current |
|
Past Due |
|
Past Due |
|
still Accruing |
|
Nonaccrual |
|
Total Loans |
|
Construction and Land Development |
|
$ |
1,099,555 |
|
$ |
1,253 |
|
$ |
45 |
|
$ |
100 |
|
$ |
307 |
|
$ |
1,101,260 |
|
Commercial Real Estate – Owner Occupied |
|
|
1,970,323 |
|
|
2,305 |
|
|
635 |
|
|
2,167 |
|
|
7,178 |
|
|
1,982,608 |
|
Commercial Real Estate – Non-Owner Occupied |
|
|
3,993,091 |
|
|
1,121 |
|
|
48 |
|
|
607 |
|
|
1,263 |
|
|
3,996,130 |
|
Multifamily Real Estate |
|
|
801,694 |
|
|
1,229 |
|
|
— |
|
|
— |
|
|
— |
|
|
802,923 |
|
Commercial & Industrial |
|
|
2,980,008 |
|
|
824 |
|
|
174 |
|
|
459 |
|
|
1,884 |
|
|
2,983,349 |
|
Residential 1-4 Family – Commercial |
|
|
534,653 |
|
|
1,231 |
|
|
— |
|
|
275 |
|
|
1,904 |
|
|
538,063 |
|
Residential 1-4 Family – Consumer |
|
|
919,833 |
|
|
5,951 |
|
|
1,690 |
|
|
1,955 |
|
|
10,846 |
|
|
940,275 |
|
Residential 1-4 Family – Revolving |
|
|
577,993 |
|
|
1,843 |
|
|
511 |
|
|
1,384 |
|
|
3,453 |
|
|
585,184 |
|
Auto |
|
|
589,235 |
|
|
2,747 |
|
|
450 |
|
|
344 |
|
|
200 |
|
|
592,976 |
|
Consumer |
|
|
151,958 |
|
|
351 |
|
|
125 |
|
|
108 |
|
|
3 |
|
|
152,545 |
|
Other Commercial |
|
|
773,738 |
|
|
— |
|
|
— |
|
|
91 |
|
|
— |
|
|
773,829 |
|
Total LHFI, net of deferred fees and costs |
|
$ |
14,392,081 |
|
$ |
18,855 |
|
$ |
3,678 |
|
$ |
7,490 |
|
$ |
27,038 |
|
$ |
14,449,142 |
|
% of total loans |
|
|
99.60 |
% |
|
0.13 |
% |
|
0.03 |
% |
|
0.05 |
% |
|
0.19 |
% |
|
100.00 |
% |
|
Summary of Loans on Nonaccrual Status |
The following table shows the Company’s amortized cost basis of loans on nonaccrual status, including those on nonaccrual status with no related ALLL, as of September 30, 2023 and December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
December 31, 2022 |
|
|
Nonaccrual |
|
Nonaccrual With No ALLL |
|
Nonaccrual |
|
Nonaccrual With No ALLL |
Construction and Land Development |
|
$ |
355 |
|
$ |
— |
|
$ |
307 |
|
$ |
— |
Commercial Real Estate – Owner Occupied |
|
|
3,882 |
|
|
— |
|
|
7,178 |
|
|
908 |
Commercial Real Estate – Non-Owner Occupied |
|
|
5,999 |
|
|
4,935 |
|
|
1,263 |
|
|
— |
Commercial & Industrial |
|
|
2,256 |
|
|
1 |
|
|
1,884 |
|
|
1 |
Residential 1-4 Family – Commercial |
|
|
1,833 |
|
|
— |
|
|
1,904 |
|
|
— |
Residential 1-4 Family – Consumer |
|
|
10,368 |
|
|
— |
|
|
10,846 |
|
|
— |
Residential 1-4 Family – Revolving |
|
|
3,572 |
|
|
— |
|
|
3,453 |
|
|
— |
Auto |
|
|
361 |
|
|
— |
|
|
200 |
|
|
— |
Consumer |
|
|
— |
|
|
— |
|
|
3 |
|
|
— |
Other Commercial |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Total LHFI |
|
$ |
28,626 |
|
$ |
4,936 |
|
$ |
27,038 |
|
$ |
909 |
|
Summary of TDRs that Continue to Accrue Interest Under the Terms of Restructuring Agreement |
The following table provides a summary, by class, of TDRs that continued to accrue interest under the terms of the applicable restructuring agreement, which were considered to be performing, and TDRs that had been placed on nonaccrual status, which were considered to be nonperforming, as of December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
No. of |
|
Recorded |
|
Outstanding |
|
|
Loans |
|
Investment |
|
Commitment |
Performing |
|
|
|
|
|
|
|
|
Construction and Land Development |
|
3 |
|
$ |
155 |
|
$ |
— |
Commercial Real Estate – Owner Occupied |
|
2 |
|
|
997 |
|
|
— |
Commercial & Industrial |
|
1 |
|
|
93 |
|
|
— |
Residential 1-4 Family – Consumer |
|
83 |
|
|
7,761 |
|
|
— |
Residential 1-4 Family – Revolving |
|
3 |
|
|
254 |
|
|
5 |
Consumer |
|
1 |
|
|
13 |
|
|
— |
Total performing |
|
93 |
|
$ |
9,273 |
|
$ |
5 |
Nonperforming |
|
|
|
|
|
|
|
|
Commercial Real Estate – Owner Occupied |
|
1 |
|
$ |
15 |
|
$ |
— |
Commercial Real Estate – Non-Owner Occupied |
|
2 |
|
|
233 |
|
|
— |
Commercial & Industrial |
|
2 |
|
|
375 |
|
|
— |
Residential 1-4 Family – Commercial |
|
3 |
|
|
332 |
|
|
— |
Residential 1-4 Family – Consumer |
|
23 |
|
|
3,869 |
|
|
— |
Residential 1-4 Family – Revolving |
|
3 |
|
|
93 |
|
|
— |
Total nonperforming |
|
34 |
|
$ |
4,917 |
|
$ |
— |
Total performing and nonperforming |
|
127 |
|
$ |
14,190 |
|
$ |
5 |
|
Schedule of TLMs by Class and Modification Type |
The following tables present the amortized cost basis as of September 30, 2023 of TLMs modified during the three and nine months ended September 30, 2023 since January 1, 2023 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2023 |
|
|
Nine Months Ended September 30, 2023 |
|
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
Term Extension |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
97 |
|
NM |
|
|
$ |
2,008 |
|
0.06 |
% |
Commercial Real Estate – Non-Owner Occupied |
|
|
— |
|
0.00 |
% |
|
|
20,133 |
|
0.49 |
% |
Commercial Real Estate – Owner Occupied |
|
|
766 |
|
0.04 |
% |
|
|
766 |
|
0.04 |
% |
Residential 1-4 Family – Consumer |
|
|
29 |
|
NM |
|
|
|
603 |
|
0.06 |
% |
Total Term Extension |
|
$ |
892 |
|
|
|
|
$ |
23,510 |
|
|
|
Combination - Term Extension and Interest Rate Reduction |
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Consumer |
|
$ |
127 |
|
0.01 |
% |
|
$ |
959 |
|
0.09 |
% |
Residential 1-4 Family – Revolving |
|
|
— |
|
0.00 |
% |
|
|
15 |
|
NM |
|
Total Combination - Term Extension and Interest Rate Reduction |
|
$ |
127 |
|
|
|
|
$ |
974 |
|
|
|
Principal Forgiveness |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate – Non-Owner Occupied |
|
|
— |
|
0.00 |
% |
|
|
4,935 |
|
0.12 |
% |
Total Principal Forgiveness |
|
$ |
— |
|
|
|
|
$ |
4,935 |
|
|
|
Total |
|
$ |
1,019 |
|
|
|
|
$ |
29,419 |
|
|
|
NM= Not Meaningful
|
Summary of financial effects of TLMs on a weighted average basis for TLMs within that loan type |
The following table describes the financial effects of TLMs on a weighted average basis for TLMs within that loan type for the three and nine months ended September 30, 2023:
|
|
|
Three Months Ended September 30, 2023 |
Term Extension |
Loan Type |
|
Financial Effect |
Commercial Real Estate – Owner Occupied |
|
Added a weighted-average 0.2 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2023 |
Term Extension |
Loan Type |
|
Financial Effect |
Commercial and Industrial |
|
Added a weighted-average 0.2 years to the life of loans. |
Commercial Real Estate – Owner Occupied |
|
Added a weighted-average 0.2 years to the life of loans. |
Commercial Real Estate – Non-Owner Occupied |
|
Added a weighted-average 0.5 years to the life of loans. |
Residential 1-4 Family – Consumer |
|
Added a weighted-average 10.7 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Combination - Term Extension and Interest Rate Reduction |
Loan Type |
|
Financial Effect |
Residential 1-4 Family – Consumer |
|
Added a weighted-average 20.3 years to the life of loans and reduced the weighted average contractual interest rate from 8.2% to 7.6%. |
Residential 1-4 Family – Revolving |
|
Added a weighted-average 19.1 years to the life of loans and reduced the weighted average contractual interest rate from 10.5% to 7.3%. |
|
|
|
|
|
|
|
|
|
Principal Forgiveness |
Loan Type |
|
Financial Effect |
Commercial Real Estate – Non-Owner Occupied |
|
Reduced the amortized cost basis of loans by $3.5 million. |
|
Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology |
The following tables show the ALLL activity by loan segment for the three and nine months ended September 30, 2023 and 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2023 |
|
Nine Months Ended September 30, 2023 |
|
|
|
Commercial |
|
Consumer |
|
Total |
|
Commercial |
|
Consumer |
|
Total |
Balance at beginning of period |
|
|
$ |
92,970 |
|
$ |
27,713 |
|
$ |
120,683 |
|
$ |
82,753 |
|
$ |
28,015 |
|
$ |
110,768 |
Loans charged-off |
|
|
|
(788) |
|
|
(841) |
|
|
(1,629) |
|
|
(7,589) |
|
|
(2,368) |
|
|
(9,957) |
Recoveries credited to allowance |
|
|
|
878 |
|
|
457 |
|
|
1,335 |
|
|
1,911 |
|
|
1,626 |
|
|
3,537 |
Provision charged to operations |
|
|
|
5,880 |
|
|
(642) |
|
|
5,238 |
|
|
21,865 |
|
|
(586) |
|
|
21,279 |
Balance at end of period |
|
|
$ |
98,940 |
|
$ |
26,687 |
|
$ |
125,627 |
|
$ |
98,940 |
|
$ |
26,687 |
|
$ |
125,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2022 |
|
Nine Months Ended September 30, 2022 |
|
|
Commercial |
|
Consumer |
|
Total |
|
Commercial |
|
Consumer |
|
Total |
Balance at beginning of period |
|
$ |
77,413 |
|
$ |
26,771 |
|
$ |
104,184 |
|
$ |
77,902 |
|
$ |
21,885 |
|
$ |
99,787 |
Loans charged-off |
|
|
(1,086) |
|
|
(715) |
|
|
(1,801) |
|
|
(2,852) |
|
|
(2,415) |
|
|
(5,267) |
Recoveries credited to allowance |
|
|
605 |
|
|
609 |
|
|
1,214 |
|
|
1,723 |
|
|
2,022 |
|
|
3,745 |
Provision charged to operations |
|
|
6,969 |
|
|
(2,557) |
|
|
4,412 |
|
|
7,128 |
|
|
2,616 |
|
|
9,744 |
Balance at end of period |
|
$ |
83,901 |
|
$ |
24,108 |
|
$ |
108,009 |
|
$ |
83,901 |
|
$ |
24,108 |
|
$ |
108,009 |
|
Commercial Portfolio |
|
Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
Loans Receivables Related Risk Rating |
The table below details the amortized cost and gross write-offs of the classes of loans within the Commercial segment by risk level and year of origination as of September 30, 2023 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
Prior |
|
Loans |
|
Total |
Construction and Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
168,844 |
|
$ |
459,943 |
|
$ |
329,757 |
|
$ |
22,020 |
|
$ |
12,638 |
|
$ |
42,963 |
|
$ |
45,247 |
|
$ |
1,081,412 |
Watch |
|
|
106 |
|
|
4,432 |
|
|
16,493 |
|
|
— |
|
|
— |
|
|
836 |
|
|
— |
|
|
21,867 |
Special Mention |
|
|
168 |
|
|
— |
|
|
4,514 |
|
|
— |
|
|
— |
|
|
350 |
|
|
— |
|
|
5,032 |
Substandard |
|
|
23 |
|
|
1,244 |
|
|
1,824 |
|
|
21,208 |
|
|
205 |
|
|
125 |
|
|
— |
|
|
24,629 |
Total Construction and Land Development |
|
$ |
169,141 |
|
$ |
465,619 |
|
$ |
352,588 |
|
$ |
43,228 |
|
$ |
12,843 |
|
$ |
44,274 |
|
$ |
45,247 |
|
$ |
1,132,940 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(11) |
|
$ |
— |
|
$ |
(11) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate – Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
123,946 |
|
$ |
261,768 |
|
$ |
196,135 |
|
$ |
246,359 |
|
$ |
264,095 |
|
$ |
763,587 |
|
$ |
23,835 |
|
$ |
1,879,725 |
Watch |
|
|
— |
|
|
1,325 |
|
|
4,021 |
|
|
2,815 |
|
|
9,671 |
|
|
26,719 |
|
|
847 |
|
|
45,398 |
Special Mention |
|
|
788 |
|
|
859 |
|
|
251 |
|
|
— |
|
|
992 |
|
|
10,312 |
|
|
464 |
|
|
13,666 |
Substandard |
|
|
370 |
|
|
— |
|
|
— |
|
|
337 |
|
|
4,196 |
|
|
31,589 |
|
|
— |
|
|
36,492 |
Total Commercial Real Estate – Owner Occupied |
|
$ |
125,104 |
|
$ |
263,952 |
|
$ |
200,407 |
|
$ |
249,511 |
|
$ |
278,954 |
|
$ |
832,207 |
|
$ |
25,146 |
|
$ |
1,975,281 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate – Non-Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
310,417 |
|
$ |
526,072 |
|
$ |
714,965 |
|
$ |
342,131 |
|
$ |
483,006 |
|
$ |
1,494,449 |
|
$ |
23,728 |
|
$ |
3,894,768 |
Watch |
|
|
— |
|
|
— |
|
|
1,691 |
|
|
7,754 |
|
|
27,825 |
|
|
76,136 |
|
|
4 |
|
|
113,410 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
18,980 |
|
|
57,063 |
|
|
11,855 |
|
|
87,898 |
Substandard |
|
|
4,936 |
|
|
— |
|
|
2,139 |
|
|
11,298 |
|
|
5,939 |
|
|
27,830 |
|
|
— |
|
|
52,142 |
Total Commercial Real Estate – Non-Owner Occupied |
|
$ |
315,353 |
|
$ |
526,072 |
|
$ |
718,795 |
|
$ |
361,183 |
|
$ |
535,750 |
|
$ |
1,655,478 |
|
$ |
35,587 |
|
$ |
4,148,218 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(3,528) |
|
$ |
— |
|
$ |
(3,528) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
730,110 |
|
$ |
677,320 |
|
$ |
449,135 |
|
$ |
213,937 |
|
$ |
131,347 |
|
$ |
160,071 |
|
$ |
887,127 |
|
$ |
3,249,047 |
Watch |
|
|
596 |
|
|
23,517 |
|
|
186 |
|
|
1,346 |
|
|
18,017 |
|
|
4,814 |
|
|
25,128 |
|
|
73,604 |
Special Mention |
|
|
1,809 |
|
|
21,723 |
|
|
1,094 |
|
|
6,890 |
|
|
2,753 |
|
|
1,848 |
|
|
23,984 |
|
|
60,101 |
Substandard |
|
|
— |
|
|
150 |
|
|
468 |
|
|
2,109 |
|
|
3,853 |
|
|
3,438 |
|
|
39,549 |
|
|
49,567 |
Total Commercial & Industrial |
|
$ |
732,515 |
|
$ |
722,710 |
|
$ |
450,883 |
|
$ |
224,282 |
|
$ |
155,970 |
|
$ |
170,171 |
|
$ |
975,788 |
|
$ |
3,432,319 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
(6) |
|
$ |
— |
|
$ |
— |
|
$ |
(18) |
|
$ |
(1,813) |
|
$ |
(1,837) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multifamily Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
14,082 |
|
$ |
117,935 |
|
$ |
244,089 |
|
$ |
223,382 |
|
$ |
46,431 |
|
$ |
254,568 |
|
$ |
28,521 |
|
$ |
929,008 |
Watch |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
395 |
|
|
— |
|
|
395 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
250 |
|
|
3,734 |
|
|
232 |
|
|
— |
|
|
4,216 |
Substandard |
|
|
— |
|
|
— |
|
|
— |
|
|
13,534 |
|
|
— |
|
|
— |
|
|
— |
|
|
13,534 |
Total Multifamily Real Estate |
|
$ |
14,082 |
|
$ |
117,935 |
|
$ |
244,089 |
|
$ |
237,166 |
|
$ |
50,165 |
|
$ |
255,195 |
|
$ |
28,521 |
|
$ |
947,153 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
29,169 |
|
$ |
63,380 |
|
$ |
78,926 |
|
$ |
71,358 |
|
$ |
46,347 |
|
$ |
212,109 |
|
$ |
1,070 |
|
$ |
502,359 |
Watch |
|
|
49 |
|
|
390 |
|
|
586 |
|
|
223 |
|
|
765 |
|
|
6,124 |
|
|
109 |
|
|
8,246 |
Special Mention |
|
|
48 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,323 |
|
|
— |
|
|
1,371 |
Substandard |
|
|
— |
|
|
— |
|
|
618 |
|
|
182 |
|
|
604 |
|
|
3,401 |
|
|
253 |
|
|
5,058 |
Total Residential 1-4 Family – Commercial |
|
$ |
29,266 |
|
$ |
63,770 |
|
$ |
80,130 |
|
$ |
71,763 |
|
$ |
47,716 |
|
$ |
222,957 |
|
$ |
1,432 |
|
$ |
517,034 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
235,254 |
|
$ |
126,200 |
|
$ |
149,863 |
|
$ |
84,078 |
|
$ |
123,799 |
|
$ |
65,234 |
|
$ |
24,947 |
|
$ |
809,375 |
Watch |
|
|
— |
|
|
— |
|
|
— |
|
|
32 |
|
|
8 |
|
|
3,410 |
|
|
— |
|
|
3,450 |
Special Mention |
|
|
98 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
649 |
|
|
— |
|
|
747 |
Substandard |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
15 |
|
|
15 |
Total Other Commercial |
|
$ |
235,352 |
|
$ |
126,200 |
|
$ |
149,863 |
|
$ |
84,110 |
|
$ |
123,807 |
|
$ |
69,293 |
|
$ |
24,962 |
|
$ |
813,587 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(2,213) |
|
$ |
— |
|
$ |
(2,213) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,611,822 |
|
$ |
2,232,618 |
|
$ |
2,162,870 |
|
$ |
1,203,265 |
|
$ |
1,107,663 |
|
$ |
2,992,981 |
|
$ |
1,034,475 |
|
$ |
12,345,694 |
Watch |
|
|
751 |
|
|
29,664 |
|
|
22,977 |
|
|
12,170 |
|
|
56,286 |
|
|
118,434 |
|
|
26,088 |
|
|
266,370 |
Special Mention |
|
|
2,911 |
|
|
22,582 |
|
|
5,859 |
|
|
7,140 |
|
|
26,459 |
|
|
71,777 |
|
|
36,303 |
|
|
173,031 |
Substandard |
|
|
5,329 |
|
|
1,394 |
|
|
5,049 |
|
|
48,668 |
|
|
14,797 |
|
|
66,383 |
|
|
39,817 |
|
|
181,437 |
Total Commercial |
|
$ |
1,620,813 |
|
$ |
2,286,258 |
|
$ |
2,196,755 |
|
$ |
1,271,243 |
|
$ |
1,205,205 |
|
$ |
3,249,575 |
|
$ |
1,136,683 |
|
$ |
12,966,532 |
Total current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
(6) |
|
$ |
— |
|
$ |
— |
|
$ |
(5,770) |
|
$ |
(1,813) |
|
$ |
(7,589) |
The table below details the amortized cost of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
2018 |
|
Prior |
|
Revolving Loans |
|
Total |
Construction and Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
357,688 |
|
$ |
499,738 |
|
$ |
107,559 |
|
$ |
17,191 |
|
$ |
33,801 |
|
$ |
36,335 |
|
$ |
34,345 |
|
$ |
1,086,657 |
Watch |
|
|
242 |
|
|
1,637 |
|
|
— |
|
|
— |
|
|
115 |
|
|
1,669 |
|
|
— |
|
|
3,663 |
Special Mention |
|
|
2,843 |
|
|
411 |
|
|
— |
|
|
— |
|
|
— |
|
|
93 |
|
|
— |
|
|
3,347 |
Substandard |
|
|
1,254 |
|
|
3,148 |
|
|
40 |
|
|
211 |
|
|
1,345 |
|
|
1,595 |
|
|
— |
|
|
7,593 |
Total Construction and Land Development |
|
$ |
362,027 |
|
$ |
504,934 |
|
$ |
107,599 |
|
$ |
17,402 |
|
$ |
35,261 |
|
$ |
39,692 |
|
$ |
34,345 |
|
$ |
1,101,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate – Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
258,953 |
|
$ |
215,414 |
|
$ |
257,740 |
|
$ |
282,110 |
|
$ |
228,410 |
|
$ |
624,238 |
|
$ |
17,190 |
|
$ |
1,884,055 |
Watch |
|
|
1,060 |
|
|
176 |
|
|
2,437 |
|
|
9,567 |
|
|
9,736 |
|
|
31,331 |
|
|
916 |
|
|
55,223 |
Special Mention |
|
|
— |
|
|
256 |
|
|
— |
|
|
93 |
|
|
1,332 |
|
|
18,766 |
|
|
132 |
|
|
20,579 |
Substandard |
|
|
— |
|
|
2,565 |
|
|
474 |
|
|
4,728 |
|
|
1,591 |
|
|
12,979 |
|
|
414 |
|
|
22,751 |
Total Commercial Real Estate – Owner Occupied |
|
$ |
260,013 |
|
$ |
218,411 |
|
$ |
260,651 |
|
$ |
296,498 |
|
$ |
241,069 |
|
$ |
687,314 |
|
$ |
18,652 |
|
$ |
1,982,608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate – Non-Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
496,079 |
|
$ |
661,977 |
|
$ |
385,084 |
|
$ |
517,834 |
|
$ |
373,126 |
|
$ |
1,389,507 |
|
$ |
34,804 |
|
$ |
3,858,411 |
Watch |
|
|
— |
|
|
2,151 |
|
|
2,091 |
|
|
11,915 |
|
|
19,550 |
|
|
20,683 |
|
|
2 |
|
|
56,392 |
Special Mention |
|
|
232 |
|
|
— |
|
|
— |
|
|
25,578 |
|
|
702 |
|
|
7,381 |
|
|
— |
|
|
33,893 |
Substandard |
|
|
— |
|
|
— |
|
|
10,460 |
|
|
3,083 |
|
|
29,012 |
|
|
4,879 |
|
|
— |
|
|
47,434 |
Total Commercial Real Estate – Non-Owner Occupied |
|
$ |
496,311 |
|
$ |
664,128 |
|
$ |
397,635 |
|
$ |
558,410 |
|
$ |
422,390 |
|
$ |
1,422,450 |
|
$ |
34,806 |
|
$ |
3,996,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
849,547 |
|
$ |
536,982 |
|
$ |
262,093 |
|
$ |
182,263 |
|
$ |
67,648 |
|
$ |
120,326 |
|
$ |
846,059 |
|
$ |
2,864,918 |
Watch |
|
|
1,399 |
|
|
1,305 |
|
|
18,682 |
|
|
5,039 |
|
|
12,843 |
|
|
1,984 |
|
|
41,836 |
|
|
83,088 |
Special Mention |
|
|
— |
|
|
222 |
|
|
393 |
|
|
2,145 |
|
|
354 |
|
|
1,773 |
|
|
12,380 |
|
|
17,267 |
Substandard |
|
|
94 |
|
|
513 |
|
|
112 |
|
|
2,911 |
|
|
1,449 |
|
|
1,339 |
|
|
11,658 |
|
|
18,076 |
Total Commercial & Industrial |
|
$ |
851,040 |
|
$ |
539,022 |
|
$ |
281,280 |
|
$ |
192,358 |
|
$ |
82,294 |
|
$ |
125,422 |
|
$ |
911,933 |
|
$ |
2,983,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multifamily Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
111,798 |
|
$ |
90,952 |
|
$ |
204,159 |
|
$ |
47,240 |
|
$ |
59,883 |
|
$ |
231,745 |
|
$ |
52,025 |
|
$ |
797,802 |
Watch |
|
|
— |
|
|
— |
|
|
— |
|
|
350 |
|
|
442 |
|
|
416 |
|
|
— |
|
|
1,208 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
3,826 |
|
|
— |
|
|
87 |
|
|
— |
|
|
3,913 |
Total Multifamily Real Estate |
|
$ |
111,798 |
|
$ |
90,952 |
|
$ |
204,159 |
|
$ |
51,416 |
|
$ |
60,325 |
|
$ |
232,248 |
|
$ |
52,025 |
|
$ |
802,923 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
58,534 |
|
$ |
86,881 |
|
$ |
77,110 |
|
$ |
50,721 |
|
$ |
38,090 |
|
$ |
199,783 |
|
$ |
803 |
|
$ |
511,922 |
Watch |
|
|
500 |
|
|
— |
|
|
539 |
|
|
852 |
|
|
1,532 |
|
|
5,378 |
|
|
113 |
|
|
8,914 |
Special Mention |
|
|
— |
|
|
— |
|
|
94 |
|
|
7,771 |
|
|
582 |
|
|
2,630 |
|
|
— |
|
|
11,077 |
Substandard |
|
|
— |
|
|
632 |
|
|
1,400 |
|
|
463 |
|
|
473 |
|
|
2,883 |
|
|
299 |
|
|
6,150 |
Total Residential 1-4 Family – Commercial |
|
$ |
59,034 |
|
$ |
87,513 |
|
$ |
79,143 |
|
$ |
59,807 |
|
$ |
40,677 |
|
$ |
210,674 |
|
$ |
1,215 |
|
$ |
538,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
197,454 |
|
$ |
211,438 |
|
$ |
149,567 |
|
$ |
119,795 |
|
$ |
3,522 |
|
$ |
69,243 |
|
$ |
14,177 |
|
$ |
765,196 |
Watch |
|
|
5,095 |
|
|
— |
|
|
— |
|
|
12 |
|
|
— |
|
|
3,435 |
|
|
— |
|
|
8,542 |
Substandard |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
91 |
|
|
91 |
Total Other Commercial |
|
$ |
202,549 |
|
$ |
211,438 |
|
$ |
149,567 |
|
$ |
119,807 |
|
$ |
3,522 |
|
$ |
72,678 |
|
$ |
14,268 |
|
$ |
773,829 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
2,330,053 |
|
$ |
2,303,382 |
|
$ |
1,443,312 |
|
$ |
1,217,154 |
|
$ |
804,480 |
|
$ |
2,671,177 |
|
$ |
999,403 |
|
$ |
11,768,961 |
Watch |
|
|
8,296 |
|
|
5,269 |
|
|
23,749 |
|
|
27,735 |
|
|
44,218 |
|
|
64,896 |
|
|
42,867 |
|
|
217,030 |
Special Mention |
|
|
3,075 |
|
|
889 |
|
|
487 |
|
|
39,413 |
|
|
2,970 |
|
|
30,730 |
|
|
12,512 |
|
|
90,076 |
Substandard |
|
|
1,348 |
|
|
6,858 |
|
|
12,486 |
|
|
11,396 |
|
|
33,870 |
|
|
23,675 |
|
|
12,462 |
|
|
102,095 |
Total Commercial |
|
$ |
2,342,772 |
|
$ |
2,316,398 |
|
$ |
1,480,034 |
|
$ |
1,295,698 |
|
$ |
885,538 |
|
$ |
2,790,478 |
|
$ |
1,067,244 |
|
$ |
12,178,162 |
|
Consumer Portfolio |
|
Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
Loans Receivables Related Risk Rating |
The following table details the amortized cost of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of September 30, 2023 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
Prior |
|
Revolving Loans |
|
Total |
Residential 1-4 Family – Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
101,653 |
|
$ |
255,179 |
|
$ |
270,580 |
|
$ |
155,239 |
|
$ |
33,221 |
|
$ |
224,635 |
|
$ |
12 |
|
$ |
1,040,519 |
30-59 Days Past Due |
|
|
47 |
|
|
97 |
|
|
33 |
|
|
173 |
|
|
— |
|
|
650 |
|
|
— |
|
|
1,000 |
60-89 Days Past Due |
|
|
— |
|
|
427 |
|
|
149 |
|
|
— |
|
|
— |
|
|
1,199 |
|
|
— |
|
|
1,775 |
90+ Days Past Due |
|
|
49 |
|
|
— |
|
|
1,719 |
|
|
— |
|
|
— |
|
|
1,864 |
|
|
— |
|
|
3,632 |
Nonaccrual |
|
|
— |
|
|
491 |
|
|
565 |
|
|
— |
|
|
106 |
|
|
9,206 |
|
|
— |
|
|
10,368 |
Total Residential 1-4 Family – Consumer |
|
$ |
101,749 |
|
$ |
256,194 |
|
$ |
273,046 |
|
$ |
155,412 |
|
$ |
33,327 |
|
$ |
237,554 |
|
$ |
12 |
|
$ |
1,057,294 |
Current period gross writeoff |
|
$ |
— |
|
$ |
(16) |
|
$ |
— |
|
$ |
— |
|
$ |
(69) |
|
$ |
(39) |
|
$ |
— |
|
$ |
(124) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Revolving |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
36,058 |
|
$ |
56,777 |
|
$ |
12,148 |
|
$ |
4,517 |
|
$ |
1,059 |
|
$ |
1,165 |
|
$ |
480,024 |
|
$ |
591,748 |
30-59 Days Past Due |
|
|
— |
|
|
135 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2,191 |
|
|
2,326 |
60-89 Days Past Due |
|
|
183 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
419 |
|
|
602 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,034 |
|
|
1,034 |
Nonaccrual |
|
|
— |
|
|
157 |
|
|
27 |
|
|
53 |
|
|
— |
|
|
— |
|
|
3,335 |
|
|
3,572 |
Total Residential 1-4 Family – Revolving |
|
$ |
36,241 |
|
$ |
57,069 |
|
$ |
12,175 |
|
$ |
4,570 |
|
$ |
1,059 |
|
$ |
1,165 |
|
$ |
487,003 |
|
$ |
599,282 |
Current period gross writeoff |
|
$ |
— |
|
$ |
— |
|
$ |
(3) |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(26) |
|
$ |
(29) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
84,225 |
|
$ |
229,046 |
|
$ |
118,931 |
|
$ |
59,340 |
|
$ |
28,926 |
|
$ |
10,261 |
|
$ |
— |
|
$ |
530,729 |
30-59 Days Past Due |
|
|
229 |
|
|
905 |
|
|
851 |
|
|
317 |
|
|
315 |
|
|
86 |
|
|
— |
|
|
2,703 |
60-89 Days Past Due |
|
|
— |
|
|
68 |
|
|
95 |
|
|
69 |
|
|
73 |
|
|
34 |
|
|
— |
|
|
339 |
90+ Days Past Due |
|
|
29 |
|
|
88 |
|
|
65 |
|
|
21 |
|
|
1 |
|
|
25 |
|
|
— |
|
|
229 |
Nonaccrual |
|
|
10 |
|
|
171 |
|
|
68 |
|
|
73 |
|
|
39 |
|
|
— |
|
|
— |
|
|
361 |
Total Auto |
|
$ |
84,493 |
|
$ |
230,278 |
|
$ |
120,010 |
|
$ |
59,820 |
|
$ |
29,354 |
|
$ |
10,406 |
|
$ |
— |
|
$ |
534,361 |
Current period gross writeoff |
|
$ |
(23) |
|
$ |
(410) |
|
$ |
(171) |
|
$ |
(101) |
|
$ |
(60) |
|
$ |
(48) |
|
$ |
— |
|
$ |
(813) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
10,803 |
|
$ |
26,226 |
|
$ |
11,550 |
|
$ |
8,635 |
|
$ |
17,174 |
|
$ |
25,877 |
|
$ |
25,107 |
|
$ |
125,372 |
30-59 Days Past Due |
|
|
49 |
|
|
136 |
|
|
55 |
|
|
19 |
|
|
95 |
|
|
133 |
|
|
30 |
|
|
517 |
60-89 Days Past Due |
|
|
12 |
|
|
5 |
|
|
12 |
|
|
24 |
|
|
59 |
|
|
19 |
|
|
33 |
|
|
164 |
90+ Days Past Due |
|
|
10 |
|
|
40 |
|
|
37 |
|
|
4 |
|
|
— |
|
|
7 |
|
|
— |
|
|
98 |
Nonaccrual |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Total Consumer |
|
$ |
10,874 |
|
$ |
26,407 |
|
$ |
11,654 |
|
$ |
8,682 |
|
$ |
17,328 |
|
$ |
26,036 |
|
$ |
25,170 |
|
$ |
126,151 |
Current period gross writeoff |
|
$ |
(15) |
|
$ |
(65) |
|
$ |
(90) |
|
$ |
(652) |
|
$ |
(14) |
|
$ |
(510) |
|
$ |
(56) |
|
$ |
(1,402) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
232,739 |
|
$ |
567,228 |
|
$ |
413,209 |
|
$ |
227,731 |
|
$ |
80,380 |
|
$ |
261,938 |
|
$ |
505,143 |
|
$ |
2,288,368 |
30-59 Days Past Due |
|
|
325 |
|
|
1,273 |
|
|
939 |
|
|
509 |
|
|
410 |
|
|
869 |
|
|
2,221 |
|
|
6,546 |
60-89 Days Past Due |
|
|
195 |
|
|
500 |
|
|
256 |
|
|
93 |
|
|
132 |
|
|
1,252 |
|
|
452 |
|
|
2,880 |
90+ Days Past Due |
|
|
88 |
|
|
128 |
|
|
1,821 |
|
|
25 |
|
|
1 |
|
|
1,896 |
|
|
1,034 |
|
|
4,993 |
Nonaccrual |
|
|
10 |
|
|
819 |
|
|
660 |
|
|
126 |
|
|
145 |
|
|
9,206 |
|
|
3,335 |
|
|
14,301 |
Total Consumer |
|
$ |
233,357 |
|
$ |
569,948 |
|
$ |
416,885 |
|
$ |
228,484 |
|
$ |
81,068 |
|
$ |
275,161 |
|
$ |
512,185 |
|
$ |
2,317,088 |
Total current period gross writeoff |
|
$ |
(38) |
|
$ |
(491) |
|
$ |
(264) |
|
$ |
(753) |
|
$ |
(143) |
|
$ |
(597) |
|
$ |
(82) |
|
$ |
(2,368) |
The following table details the amortized cost of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|
2018 |
|
Prior |
|
Revolving Loans |
|
Total |
Residential 1-4 Family – Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
212,697 |
|
$ |
263,734 |
|
$ |
162,826 |
|
$ |
36,197 |
|
$ |
22,629 |
|
$ |
221,738 |
|
$ |
12 |
|
$ |
919,833 |
30-59 Days Past Due |
|
|
174 |
|
|
2,169 |
|
|
89 |
|
|
46 |
|
|
220 |
|
|
3,253 |
|
|
— |
|
|
5,951 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
413 |
|
|
1,277 |
|
|
— |
|
|
1,690 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
64 |
|
|
— |
|
|
1,891 |
|
|
— |
|
|
1,955 |
Nonaccrual |
|
|
— |
|
|
423 |
|
|
— |
|
|
307 |
|
|
940 |
|
|
9,176 |
|
|
— |
|
|
10,846 |
Total Residential 1-4 Family – Consumer |
|
$ |
212,871 |
|
$ |
266,326 |
|
$ |
162,915 |
|
$ |
36,614 |
|
$ |
24,202 |
|
$ |
237,335 |
|
$ |
12 |
|
$ |
940,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Revolving |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
68,434 |
|
$ |
13,810 |
|
$ |
4,997 |
|
$ |
1,672 |
|
$ |
801 |
|
$ |
476 |
|
$ |
487,803 |
|
$ |
577,993 |
30-59 Days Past Due |
|
|
90 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,753 |
|
|
1,843 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
511 |
|
|
511 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,384 |
|
|
1,384 |
Nonaccrual |
|
|
— |
|
|
149 |
|
|
57 |
|
|
— |
|
|
13 |
|
|
— |
|
|
3,234 |
|
|
3,453 |
Total Residential 1-4 Family – Revolving |
|
$ |
68,524 |
|
$ |
13,959 |
|
$ |
5,054 |
|
$ |
1,672 |
|
$ |
814 |
|
$ |
476 |
|
$ |
494,685 |
|
$ |
585,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
285,036 |
|
$ |
154,904 |
|
$ |
81,710 |
|
$ |
44,086 |
|
$ |
15,974 |
|
$ |
7,525 |
|
$ |
— |
|
$ |
589,235 |
30-59 Days Past Due |
|
|
808 |
|
|
772 |
|
|
451 |
|
|
456 |
|
|
134 |
|
|
126 |
|
|
— |
|
|
2,747 |
60-89 Days Past Due |
|
|
65 |
|
|
129 |
|
|
146 |
|
|
76 |
|
|
30 |
|
|
4 |
|
|
— |
|
|
450 |
90+ Days Past Due |
|
|
169 |
|
|
— |
|
|
111 |
|
|
32 |
|
|
12 |
|
|
20 |
|
|
— |
|
|
344 |
Nonaccrual |
|
|
— |
|
|
113 |
|
|
18 |
|
|
62 |
|
|
2 |
|
|
5 |
|
|
— |
|
|
200 |
Total Auto |
|
$ |
286,078 |
|
$ |
155,918 |
|
$ |
82,436 |
|
$ |
44,712 |
|
$ |
16,152 |
|
$ |
7,680 |
|
$ |
— |
|
$ |
592,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
36,513 |
|
$ |
15,897 |
|
$ |
11,019 |
|
$ |
23,838 |
|
$ |
16,084 |
|
$ |
19,070 |
|
$ |
29,537 |
|
$ |
151,958 |
30-59 Days Past Due |
|
|
61 |
|
|
27 |
|
|
36 |
|
|
113 |
|
|
34 |
|
|
61 |
|
|
19 |
|
|
351 |
60-89 Days Past Due |
|
|
43 |
|
|
17 |
|
|
10 |
|
|
11 |
|
|
14 |
|
|
21 |
|
|
9 |
|
|
125 |
90+ Days Past Due |
|
|
22 |
|
|
— |
|
|
9 |
|
|
12 |
|
|
32 |
|
|
— |
|
|
33 |
|
|
108 |
Nonaccrual |
|
|
— |
|
|
3 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
3 |
Total Consumer |
|
$ |
36,639 |
|
$ |
15,944 |
|
$ |
11,074 |
|
$ |
23,974 |
|
$ |
16,164 |
|
$ |
19,152 |
|
$ |
29,598 |
|
$ |
152,545 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
602,680 |
|
$ |
448,345 |
|
$ |
260,552 |
|
$ |
105,793 |
|
$ |
55,488 |
|
$ |
248,809 |
|
$ |
517,352 |
|
$ |
2,239,019 |
30-59 Days Past Due |
|
|
1,133 |
|
|
2,968 |
|
|
576 |
|
|
615 |
|
|
388 |
|
|
3,440 |
|
|
1,772 |
|
|
10,892 |
60-89 Days Past Due |
|
|
108 |
|
|
146 |
|
|
156 |
|
|
87 |
|
|
457 |
|
|
1,302 |
|
|
520 |
|
|
2,776 |
90+ Days Past Due |
|
|
191 |
|
|
— |
|
|
120 |
|
|
108 |
|
|
44 |
|
|
1,911 |
|
|
1,417 |
|
|
3,791 |
Nonaccrual |
|
|
— |
|
|
688 |
|
|
75 |
|
|
369 |
|
|
955 |
|
|
9,181 |
|
|
3,234 |
|
|
14,502 |
Total Consumer |
|
$ |
604,112 |
|
$ |
452,147 |
|
$ |
261,479 |
|
$ |
106,972 |
|
$ |
57,332 |
|
$ |
264,643 |
|
$ |
524,295 |
|
$ |
2,270,980 |
|