| LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES |
3. LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES
The information included below reflects the impact of the CARES Act, as amended by the Consolidated Appropriations Act of 2021, and the Joint Guidance, which encouraged banking institutions to work with borrowers affected by the COVID-19 pandemic, including offering short-term loan modifications to borrowers unable to meet their contractual payment obligations, and exempted certain modified loans from being reported as past due or TDRs. See Note 1 “Summary of Significant Accounting Policies” for information about COVID-19 and related legislative and regulatory developments.
The Company’s loans are stated at their face amount, net of deferred fees and costs, and consisted of the following at December 31, 2022 and 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
2022 |
|
2021 |
Construction and Land Development |
|
$ |
1,101,260 |
|
$ |
862,236 |
Commercial Real Estate - Owner Occupied |
|
|
1,982,608 |
|
|
1,995,409 |
Commercial Real Estate - Non-Owner Occupied |
|
|
3,996,130 |
|
|
3,789,377 |
Multifamily Real Estate |
|
|
802,923 |
|
|
778,626 |
Commercial & Industrial(1) |
|
|
2,983,349 |
|
|
2,542,243 |
Residential 1-4 Family - Commercial |
|
|
538,063 |
|
|
607,337 |
Residential 1-4 Family - Consumer |
|
|
940,275 |
|
|
816,524 |
Residential 1-4 Family - Revolving |
|
|
585,184 |
|
|
560,796 |
Auto |
|
|
592,976 |
|
|
461,052 |
Consumer |
|
|
152,545 |
|
|
176,992 |
Other Commercial(2) |
|
|
773,829 |
|
|
605,251 |
Total LHFI, net of deferred fees and costs(3) |
|
|
14,449,142 |
|
|
13,195,843 |
Allowance for loan and lease losses |
|
|
(110,768) |
|
|
(99,787) |
Total LHFI, net |
|
$ |
14,338,374 |
|
$ |
13,096,056 |
(1) Commercial & industrial loans included approximately $7.3 million and $145.3 million in loans from the PPP at December 31, 2022 and December 31, 2021, respectively.
(2) There were no loans from the PPP included in other commercial loans as of December 31, 2022. As of December 31, 2021, other commercial loans include approximately $5.1 million in loans from the PPP.
(3) Total loans included unamortized premiums and discounts, and unamortized deferred fees and costs totaling $50.4 million and $49.3 million as of December 31, 2022 and December 31, 2021, respectively.
The following table shows the aging of the Company’s loan 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 |
% |
The following table shows the aging of the Company’s loan portfolio, by class, at December 31, 2021 (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 |
|
$ |
857,883 |
|
$ |
1,357 |
|
$ |
— |
|
$ |
299 |
|
$ |
2,697 |
|
$ |
862,236 |
|
Commercial Real Estate - Owner Occupied |
|
|
1,987,133 |
|
|
1,230 |
|
|
152 |
|
|
1,257 |
|
|
5,637 |
|
|
1,995,409 |
|
Commercial Real Estate - Non-Owner Occupied |
|
|
3,783,211 |
|
|
1,965 |
|
|
127 |
|
|
433 |
|
|
3,641 |
|
|
3,789,377 |
|
Multifamily Real Estate |
|
|
778,429 |
|
|
84 |
|
|
— |
|
|
— |
|
|
113 |
|
|
778,626 |
|
Commercial & Industrial |
|
|
2,536,100 |
|
|
1,161 |
|
|
1,438 |
|
|
1,897 |
|
|
1,647 |
|
|
2,542,243 |
|
Residential 1-4 Family - Commercial |
|
|
601,946 |
|
|
1,844 |
|
|
272 |
|
|
990 |
|
|
2,285 |
|
|
607,337 |
|
Residential 1-4 Family - Consumer |
|
|
795,821 |
|
|
3,368 |
|
|
2,925 |
|
|
3,013 |
|
|
11,397 |
|
|
816,524 |
|
Residential 1-4 Family - Revolving |
|
|
554,652 |
|
|
1,493 |
|
|
363 |
|
|
882 |
|
|
3,406 |
|
|
560,796 |
|
Auto |
|
|
458,473 |
|
|
1,866 |
|
|
249 |
|
|
241 |
|
|
223 |
|
|
461,052 |
|
Consumer |
|
|
175,943 |
|
|
689 |
|
|
186 |
|
|
120 |
|
|
54 |
|
|
176,992 |
|
Other Commercial |
|
|
605,214 |
|
|
37 |
|
|
— |
|
|
— |
|
|
— |
|
|
605,251 |
|
Total LHFI, net of deferred fees and costs |
|
$ |
13,134,805 |
|
$ |
15,094 |
|
$ |
5,712 |
|
$ |
9,132 |
|
$ |
31,100 |
|
$ |
13,195,843 |
|
% of total loans |
|
|
99.54 |
% |
|
0.11 |
% |
|
0.04 |
% |
|
0.07 |
% |
|
0.24 |
% |
|
100.00 |
% |
The following table shows the Company’s amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of December 31, 2022 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual |
|
Nonaccrual With No ALLL |
|
90 Days Past due and still Accruing |
Construction and Land Development |
|
$ |
307 |
|
$ |
— |
|
$ |
100 |
Commercial Real Estate - Owner Occupied |
|
|
7,178 |
|
|
908 |
|
|
2,167 |
Commercial Real Estate - Non-Owner Occupied |
|
|
1,263 |
|
|
— |
|
|
607 |
Commercial & Industrial |
|
|
1,884 |
|
|
1 |
|
|
459 |
Residential 1-4 Family - Commercial |
|
|
1,904 |
|
|
— |
|
|
275 |
Residential 1-4 Family - Consumer |
|
|
10,846 |
|
|
— |
|
|
1,955 |
Residential 1-4 Family - Revolving |
|
|
3,453 |
|
|
— |
|
|
1,384 |
Auto |
|
|
200 |
|
|
— |
|
|
344 |
Consumer |
|
|
3 |
|
|
— |
|
|
108 |
Other Commercial |
|
|
— |
|
|
— |
|
|
91 |
Total LHFI |
|
$ |
27,038 |
|
$ |
909 |
|
$ |
7,490 |
The following table shows the Company’s amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of December 31, 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual |
|
Nonaccrual With No ALLL |
|
90 Days Past due and still Accruing |
Construction and Land Development |
|
$ |
2,697 |
|
$ |
1,985 |
|
$ |
299 |
Commercial Real Estate - Owner Occupied |
|
|
5,637 |
|
|
970 |
|
|
1,257 |
Commercial Real Estate - Non-Owner Occupied |
|
|
3,641 |
|
|
1,089 |
|
|
433 |
Multifamily Real Estate |
|
|
113 |
|
|
— |
|
|
— |
Commercial & Industrial |
|
|
1,647 |
|
|
1 |
|
|
1,897 |
Residential 1-4 Family - Commercial |
|
|
2,285 |
|
|
— |
|
|
990 |
Residential 1-4 Family - Consumer |
|
|
11,397 |
|
|
— |
|
|
3,013 |
Residential 1-4 Family - Revolving |
|
|
3,406 |
|
|
— |
|
|
882 |
Auto |
|
|
223 |
|
|
— |
|
|
241 |
Consumer |
|
|
54 |
|
|
— |
|
|
120 |
Total LHFI |
|
$ |
31,100 |
|
$ |
4,045 |
|
$ |
9,132 |
There was no interest income recognized on nonaccrual loans during the years ended December 31, 2022 and 2021. See Note 1 “Summary of Significant Accounting Policies” for additional information on the Company’s policies for nonaccrual loans.
Troubled Debt Restructurings
As of December 31, 2022, the Company had TDRs totaling $14.2 million with an estimated $739,000 of allowance for those loans. As of December 31, 2021, the Company had TDRs totaling $18.0 million with an estimated $859,000 of allowance for those loans.
A TDR occurs when a lender, for economic or legal reasons, grants a concession to the borrower related to the borrower’s financial difficulties, that it would not otherwise consider. All loans that are considered to be TDRs are evaluated for credit losses in accordance with the Company’s ALLL methodology. For the years ended December 31, 2022 and 2021, the recorded investment in TDRs prior to modifications was not materially impacted by the modifications.
The following table provides a summary, by class, of TDRs that continue to accrue interest under the terms of the applicable restructuring agreement, which are considered to be performing, and TDRs that have been placed on nonaccrual status, which are considered to be nonperforming, as of December 31, 2022 and 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
December 31, 2021 |
|
|
No. of |
|
Recorded |
|
Outstanding |
|
No. of |
|
Recorded |
|
Outstanding |
|
|
Loans |
|
Investment |
|
Commitment |
|
Loans |
|
Investment |
|
Commitment |
Performing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and Land Development |
|
3 |
|
$ |
155 |
|
$ |
— |
|
4 |
|
$ |
201 |
|
$ |
— |
Commercial Real Estate - Owner Occupied |
|
2 |
|
|
997 |
|
|
— |
|
3 |
|
|
572 |
|
|
— |
Commercial & Industrial |
|
1 |
|
|
93 |
|
|
— |
|
— |
|
|
— |
|
|
— |
Residential 1-4 Family - Consumer |
|
83 |
|
|
7,761 |
|
|
— |
|
75 |
|
|
9,021 |
|
|
— |
Residential 1-4 Family - Revolving |
|
3 |
|
|
254 |
|
|
5 |
|
3 |
|
|
265 |
|
|
4 |
Consumer |
|
1 |
|
|
13 |
|
|
— |
|
2 |
|
|
15 |
|
|
— |
Other Commercial |
|
— |
|
|
— |
|
|
— |
|
1 |
|
|
239 |
|
|
— |
Total performing |
|
93 |
|
$ |
9,273 |
|
$ |
5 |
|
88 |
|
$ |
10,313 |
|
$ |
4 |
Nonperforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate - Owner Occupied |
|
1 |
|
$ |
15 |
|
$ |
— |
|
2 |
|
$ |
830 |
|
$ |
— |
Commercial Real Estate - Non-Owner Occupied |
|
2 |
|
|
233 |
|
|
— |
|
3 |
|
|
1,357 |
|
|
— |
Commercial & Industrial |
|
2 |
|
|
375 |
|
|
— |
|
3 |
|
|
729 |
|
|
— |
Residential 1-4 Family - Commercial |
|
3 |
|
|
332 |
|
|
— |
|
3 |
|
|
388 |
|
|
— |
Residential 1-4 Family - Consumer |
|
23 |
|
|
3,869 |
|
|
— |
|
24 |
|
|
4,239 |
|
|
— |
Residential 1-4 Family - Revolving |
|
3 |
|
|
93 |
|
|
— |
|
3 |
|
|
99 |
|
|
— |
Total nonperforming |
|
34 |
|
$ |
4,917 |
|
$ |
— |
|
38 |
|
$ |
7,642 |
|
$ |
— |
Total performing and nonperforming |
|
127 |
|
$ |
14,190 |
|
$ |
5 |
|
126 |
|
$ |
17,955 |
|
$ |
4 |
The Company considers a default of a TDR to occur when the borrower is 90 days past due following the restructure or a foreclosure and repossession of the applicable collateral occurs. During the years ended December 31, 2022 and 2021, the Company did not have any material loans that went into default that had been restructured in the twelve-month period prior to the time of default.
The following table shows, by class and modification type, TDRs that occurred during the years ended December 31, 2022 and 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
2021 |
|
|
|
|
|
Recorded |
|
|
|
Recorded |
|
|
|
No. of |
|
Investment at |
|
No. of |
|
Investment at |
|
|
|
Loans |
|
Period End |
|
Loans |
|
Period End |
|
Term modification, at a market rate |
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate - Owner Occupied |
|
1 |
|
$ |
766 |
|
— |
|
$ |
— |
|
Commercial Real Estate - Non-Owner Occupied |
|
— |
|
|
— |
|
1 |
|
|
153 |
|
Residential 1-4 Family - Consumer |
|
— |
|
|
— |
|
2 |
|
|
101 |
|
Total loan term extended at a market rate |
|
1 |
|
$ |
766 |
|
3 |
|
$ |
254 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term modification, below market rate |
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family - Consumer |
|
21 |
|
$ |
1,524 |
|
12 |
|
$ |
1,810 |
|
Consumer |
|
— |
|
|
— |
|
1 |
|
|
15 |
|
Total loan term extended at a below market rate |
|
21 |
|
$ |
1,524 |
|
13 |
|
$ |
1,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate modification, below market rate |
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family - Commercial |
|
— |
|
$ |
— |
|
1 |
|
$ |
45 |
|
Total interest only at below market rate of interest |
|
— |
|
$ |
— |
|
1 |
|
$ |
45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
22 |
|
$ |
2,290 |
|
17 |
|
$ |
2,124 |
|
Allowance for Loan and Lease Losses
ALLL on the loan portfolio is a material estimate for the Company. The Company estimates its ALLL on its loan portfolio on a quarterly basis. The Company models the ALLL using two primary segments, Commercial and Consumer. Each loan segment is further disaggregated into classes based on similar risk characteristics. The Company has identified the following classes within each loan segment:
|
● |
Commercial: Construction and Land Development, Commercial Real Estate – Owner Occupied, Commercial Real Estate – Non-Owner Occupied, Multifamily Real Estate, Commercial & Industrial, Residential 1-4 Family – Commercial, and Other Commercial
|
|
● |
Consumer: Residential 1-4 Family – Consumer, Residential 1-4 Family – Revolving, Auto, and Consumer
|
The following tables show the ALLL activity by loan segment for the years ended December 31, 2022 and 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2022 |
|
Year Ended December 31, 2021 |
|
|
Commercial |
|
Consumer |
|
Total |
|
Commercial |
|
Consumer |
|
Total |
Balance at beginning of period |
|
$ |
77,902 |
|
$ |
21,885 |
|
$ |
99,787 |
|
$ |
117,403 |
|
$ |
43,137 |
|
$ |
160,540 |
Loans charged-off |
|
|
(4,137) |
|
|
(3,272) |
|
|
(7,409) |
|
|
(5,186) |
|
|
(4,897) |
|
|
(10,083) |
Recoveries credited to allowance |
|
|
2,426 |
|
|
2,650 |
|
|
5,076 |
|
|
4,915 |
|
|
3,303 |
|
|
8,218 |
Provision charged to operations |
|
|
6,562 |
|
|
6,752 |
|
|
13,314 |
|
|
(39,230) |
|
|
(19,658) |
|
|
(58,888) |
Balance at end of period |
|
$ |
82,753 |
|
$ |
28,015 |
|
$ |
110,768 |
|
$ |
77,902 |
|
$ |
21,885 |
|
$ |
99,787 |
Credit Quality Indicators
Credit quality indicators are utilized to help estimate the collectability of each loan class within the Commercial and Consumer loan segments. For classes of loans within the Commercial segment, the primary credit quality indicator used for evaluating credit quality and estimating the ALLL is risk rating categories of Pass, Watch, Special Mention, Substandard, and Doubtful. For classes of loans within the Consumer segment, the primary credit quality indicator used for evaluating credit quality and estimating the ALLL is delinquency bands of Current, 30-59, 60-89, 90+, and Nonaccrual. While other credit quality indicators are evaluated and analyzed as part of the Company’s credit risk management activities, these indicators are primarily used in estimating the ALLL. The Company evaluates the credit risk of its loan portfolio on at least a quarterly basis.
Commercial Loans
The Company uses a risk rating system as the primary credit quality indicator for classes of loans within the Commercial segment. The risk rating system on a scale of 0 through 9 is used to determine risk level as used in the calculation of the ACL. The risk levels, as described below, do not necessarily follow the regulatory definitions of risk levels with the same name. A general description of the characteristics of the risk levels follows:
Pass is determined by the following criteria:
|
● |
Risk rated 0 loans have little or no risk and are with General Obligation Municipal Borrowers; |
|
● |
Risk rated 1 loans have little or no risk and are generally secured by cash or cash equivalents; |
|
● |
Risk rated 2 loans have minimal risk to well qualified borrowers and no significant questions as to safety; |
|
● |
Risk rated 3 loans are satisfactory loans with strong borrowers and secondary sources of repayment; |
|
● |
Risk rated 4 loans are satisfactory loans with borrowers not as strong as risk rated 3 loans and may exhibit a greater degree of financial risk based on the type of business supporting the loan. |
Watch is determined by the following criteria:
|
● |
Risk rated 5 loans are watch loans that warrant more than the normal level of supervision and have the possibility of an event occurring that may weaken the borrower’s ability to repay; |
Special Mention is determined by the following criteria:
|
● |
Risk rated 6 loans have increasing potential weaknesses beyond those at which the loan originally was granted and if not addressed could lead to inadequately protecting the Company’s credit position. |
Substandard is determined by the following criteria:
|
● |
Risk rated 7 loans are substandard loans and are inadequately protected by the current sound worth or paying capacity of the obligor or the collateral pledged; these have well defined weaknesses that jeopardize the liquidation of the debt with the distinct possibility the Company will sustain some loss if the deficiencies are not corrected. |
Doubtful is determined by the following criteria:
|
● |
Risk rated 8 loans are doubtful of collection and the possibility of loss is high but pending specific borrower plans for recovery, its classification as a loss is deferred until its more exact status is determined; |
|
● |
Risk rated 9 loans are loss loans which are considered uncollectable and of such little value that their continuance as bankable assets is not warranted. |
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 |
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, 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
2020 |
|
2019 |
|
2018 |
|
2017 |
|
Prior |
|
Revolving Loans |
|
Total |
Construction and Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
430,764 |
|
$ |
218,672 |
|
$ |
39,937 |
|
$ |
40,128 |
|
$ |
11,299 |
|
$ |
50,908 |
|
$ |
22,996 |
|
$ |
814,704 |
Watch |
|
|
395 |
|
|
185 |
|
|
12,923 |
|
|
129 |
|
|
349 |
|
|
4,026 |
|
|
— |
|
|
18,007 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
735 |
|
|
— |
|
|
735 |
Substandard |
|
|
3,541 |
|
|
1 |
|
|
221 |
|
|
19,264 |
|
|
198 |
|
|
5,565 |
|
|
— |
|
|
28,790 |
Total Construction and Land Development |
|
$ |
434,700 |
|
$ |
218,858 |
|
$ |
53,081 |
|
$ |
59,521 |
|
$ |
11,846 |
|
$ |
61,234 |
|
$ |
22,996 |
|
$ |
862,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate - Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
222,079 |
|
$ |
279,165 |
|
$ |
321,503 |
|
$ |
263,422 |
|
$ |
179,994 |
|
$ |
555,540 |
|
$ |
19,705 |
|
$ |
1,841,408 |
Watch |
|
|
185 |
|
|
18 |
|
|
7,959 |
|
|
10,875 |
|
|
14,648 |
|
|
57,466 |
|
|
702 |
|
|
91,853 |
Special Mention |
|
|
— |
|
|
932 |
|
|
11,826 |
|
|
610 |
|
|
1,052 |
|
|
19,480 |
|
|
507 |
|
|
34,407 |
Substandard |
|
|
200 |
|
|
153 |
|
|
7,455 |
|
|
2,538 |
|
|
1,935 |
|
|
14,834 |
|
|
626 |
|
|
27,741 |
Total Commercial Real Estate - Owner Occupied |
|
$ |
222,464 |
|
$ |
280,268 |
|
$ |
348,743 |
|
$ |
277,445 |
|
$ |
197,629 |
|
$ |
647,320 |
|
$ |
21,540 |
|
$ |
1,995,409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Real Estate - Non-Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
642,386 |
|
$ |
421,063 |
|
$ |
520,035 |
|
$ |
377,176 |
|
$ |
374,949 |
|
$ |
1,102,193 |
|
$ |
36,568 |
|
$ |
3,474,370 |
Watch |
|
|
2,152 |
|
|
841 |
|
|
35,721 |
|
|
39,356 |
|
|
18,242 |
|
|
101,797 |
|
|
14 |
|
|
198,123 |
Special Mention |
|
|
— |
|
|
10,609 |
|
|
25,691 |
|
|
20,119 |
|
|
12,741 |
|
|
4,775 |
|
|
— |
|
|
73,935 |
Substandard |
|
|
— |
|
|
— |
|
|
23,376 |
|
|
11,369 |
|
|
— |
|
|
7,952 |
|
|
252 |
|
|
42,949 |
Total Commercial Real Estate - Non-Owner Occupied |
|
$ |
644,538 |
|
$ |
432,513 |
|
$ |
604,823 |
|
$ |
448,020 |
|
$ |
405,932 |
|
$ |
1,216,717 |
|
$ |
36,834 |
|
$ |
3,789,377 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
770,662 |
|
$ |
450,478 |
|
$ |
287,926 |
|
$ |
110,710 |
|
$ |
38,395 |
|
$ |
170,857 |
|
$ |
619,583 |
|
$ |
2,448,611 |
Watch |
|
|
1,233 |
|
|
9,641 |
|
|
2,766 |
|
|
31,635 |
|
|
1,370 |
|
|
4,405 |
|
|
17,220 |
|
|
68,270 |
Special Mention |
|
|
206 |
|
|
935 |
|
|
8,477 |
|
|
1,023 |
|
|
564 |
|
|
561 |
|
|
3,249 |
|
|
15,015 |
Substandard |
|
|
379 |
|
|
575 |
|
|
3,636 |
|
|
1,965 |
|
|
463 |
|
|
1,639 |
|
|
1,690 |
|
|
10,347 |
Total Commercial & Industrial |
|
$ |
772,480 |
|
$ |
461,629 |
|
$ |
302,805 |
|
$ |
145,333 |
|
$ |
40,792 |
|
$ |
177,462 |
|
$ |
641,742 |
|
$ |
2,542,243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multifamily Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
63,431 |
|
$ |
187,616 |
|
$ |
108,402 |
|
$ |
114,077 |
|
$ |
66,562 |
|
$ |
228,013 |
|
$ |
1,548 |
|
$ |
769,649 |
Watch |
|
|
— |
|
|
— |
|
|
359 |
|
|
459 |
|
|
— |
|
|
522 |
|
|
— |
|
|
1,340 |
Special Mention |
|
|
44 |
|
|
2,248 |
|
|
624 |
|
|
4,517 |
|
|
— |
|
|
91 |
|
|
— |
|
|
7,524 |
Substandard |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
113 |
|
|
— |
|
|
113 |
Total Multifamily Real Estate |
|
$ |
63,475 |
|
$ |
189,864 |
|
$ |
109,385 |
|
$ |
119,053 |
|
$ |
66,562 |
|
$ |
228,739 |
|
$ |
1,548 |
|
$ |
778,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family - Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
108,259 |
|
$ |
94,184 |
|
$ |
65,682 |
|
$ |
46,267 |
|
$ |
55,995 |
|
$ |
196,052 |
|
$ |
550 |
|
$ |
566,989 |
Watch |
|
|
— |
|
|
2,041 |
|
|
4,887 |
|
|
7,483 |
|
|
2,415 |
|
|
7,573 |
|
|
311 |
|
|
24,710 |
Special Mention |
|
|
— |
|
|
96 |
|
|
— |
|
|
436 |
|
|
391 |
|
|
4,126 |
|
|
— |
|
|
5,049 |
Substandard |
|
|
93 |
|
|
— |
|
|
3,494 |
|
|
536 |
|
|
1,291 |
|
|
4,876 |
|
|
299 |
|
|
10,589 |
Total Residential 1-4 Family - Commercial |
|
$ |
108,352 |
|
$ |
96,321 |
|
$ |
74,063 |
|
$ |
54,722 |
|
$ |
60,092 |
|
$ |
212,627 |
|
$ |
1,160 |
|
$ |
607,337 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
226,595 |
|
$ |
167,497 |
|
$ |
98,848 |
|
$ |
5,620 |
|
$ |
25,723 |
|
$ |
44,114 |
|
$ |
30,445 |
|
$ |
598,842 |
Watch |
|
|
— |
|
|
— |
|
|
— |
|
|
581 |
|
|
1,246 |
|
|
4,341 |
|
|
— |
|
|
6,168 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
— |
|
|
— |
|
|
2 |
Substandard |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
239 |
|
|
— |
|
|
239 |
Total Other Commercial |
|
$ |
226,595 |
|
$ |
167,497 |
|
$ |
98,848 |
|
$ |
6,201 |
|
$ |
26,971 |
|
$ |
48,694 |
|
$ |
30,445 |
|
$ |
605,251 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
2,464,176 |
|
$ |
1,818,675 |
|
$ |
1,442,333 |
|
$ |
957,400 |
|
$ |
752,917 |
|
$ |
2,347,677 |
|
$ |
731,395 |
|
$ |
10,514,573 |
Watch |
|
|
3,965 |
|
|
12,726 |
|
|
64,615 |
|
|
90,518 |
|
|
38,270 |
|
|
180,130 |
|
|
18,247 |
|
|
408,471 |
Special Mention |
|
|
250 |
|
|
14,820 |
|
|
46,618 |
|
|
26,705 |
|
|
14,750 |
|
|
29,768 |
|
|
3,756 |
|
|
136,667 |
Substandard |
|
|
4,213 |
|
|
729 |
|
|
38,182 |
|
|
35,672 |
|
|
3,887 |
|
|
35,218 |
|
|
2,867 |
|
|
120,768 |
Total Commercial |
|
$ |
2,472,604 |
|
$ |
1,846,950 |
|
$ |
1,591,748 |
|
$ |
1,110,295 |
|
$ |
809,824 |
|
$ |
2,592,793 |
|
$ |
756,265 |
|
$ |
11,180,479 |
Consumer Loans
For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. 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 |
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, 2021 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
2020 |
|
2019 |
|
2018 |
|
2017 |
|
Prior |
|
Revolving Loans |
|
Total |
Residential 1-4 Family - Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
248,904 |
|
$ |
174,459 |
|
$ |
47,905 |
|
$ |
33,809 |
|
$ |
44,179 |
|
$ |
246,554 |
|
$ |
11 |
|
$ |
795,821 |
30-59 Days Past Due |
|
|
— |
|
|
157 |
|
|
143 |
|
|
807 |
|
|
460 |
|
|
1,801 |
|
|
— |
|
|
3,368 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
624 |
|
|
107 |
|
|
2,194 |
|
|
— |
|
|
2,925 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
46 |
|
|
20 |
|
|
304 |
|
|
2,643 |
|
|
— |
|
|
3,013 |
Nonaccrual |
|
|
444 |
|
|
— |
|
|
117 |
|
|
884 |
|
|
1,330 |
|
|
8,622 |
|
|
— |
|
|
11,397 |
Total Residential 1-4 Family - Consumer |
|
$ |
249,348 |
|
$ |
174,616 |
|
$ |
48,211 |
|
$ |
36,144 |
|
$ |
46,380 |
|
$ |
261,814 |
|
$ |
11 |
|
$ |
816,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family - Revolving |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
16,546 |
|
$ |
9,511 |
|
$ |
2,230 |
|
$ |
1,056 |
|
$ |
— |
|
$ |
484 |
|
$ |
524,825 |
|
$ |
554,652 |
30-59 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,493 |
|
|
1,493 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
363 |
|
|
363 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
882 |
|
|
882 |
Nonaccrual |
|
|
— |
|
|
63 |
|
|
— |
|
|
18 |
|
|
— |
|
|
— |
|
|
3,325 |
|
|
3,406 |
Total Residential 1-4 Family - Revolving |
|
$ |
16,546 |
|
$ |
9,574 |
|
$ |
2,230 |
|
$ |
1,074 |
|
$ |
— |
|
$ |
484 |
|
$ |
530,888 |
|
$ |
560,796 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
207,229 |
|
$ |
123,848 |
|
$ |
72,427 |
|
$ |
31,745 |
|
$ |
16,020 |
|
$ |
7,204 |
|
$ |
— |
|
$ |
458,473 |
30-59 Days Past Due |
|
|
299 |
|
|
382 |
|
|
518 |
|
|
259 |
|
|
245 |
|
|
163 |
|
|
— |
|
|
1,866 |
60-89 Days Past Due |
|
|
45 |
|
|
29 |
|
|
95 |
|
|
33 |
|
|
36 |
|
|
11 |
|
|
— |
|
|
249 |
90+ Days Past Due |
|
|
55 |
|
|
101 |
|
|
42 |
|
|
20 |
|
|
23 |
|
|
— |
|
|
— |
|
|
241 |
Nonaccrual |
|
|
— |
|
|
81 |
|
|
55 |
|
|
27 |
|
|
27 |
|
|
33 |
|
|
— |
|
|
223 |
Total Auto |
|
$ |
207,628 |
|
$ |
124,441 |
|
$ |
73,137 |
|
$ |
32,084 |
|
$ |
16,351 |
|
$ |
7,411 |
|
$ |
— |
|
$ |
461,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
25,084 |
|
$ |
16,059 |
|
$ |
38,594 |
|
$ |
30,890 |
|
$ |
12,853 |
|
$ |
16,929 |
|
$ |
35,534 |
|
$ |
175,943 |
30-59 Days Past Due |
|
|
31 |
|
|
94 |
|
|
201 |
|
|
186 |
|
|
63 |
|
|
26 |
|
|
88 |
|
|
689 |
60-89 Days Past Due |
|
|
11 |
|
|
13 |
|
|
62 |
|
|
60 |
|
|
34 |
|
|
— |
|
|
6 |
|
|
186 |
90+ Days Past Due |
|
|
1 |
|
|
4 |
|
|
33 |
|
|
72 |
|
|
8 |
|
|
— |
|
|
2 |
|
|
120 |
Nonaccrual |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
54 |
|
|
— |
|
|
54 |
Total Consumer |
|
$ |
25,127 |
|
$ |
16,170 |
|
$ |
38,890 |
|
$ |
31,208 |
|
$ |
12,958 |
|
$ |
17,009 |
|
$ |
35,630 |
|
$ |
176,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
497,763 |
|
$ |
323,877 |
|
$ |
161,156 |
|
$ |
97,500 |
|
$ |
73,052 |
|
$ |
271,171 |
|
$ |
560,370 |
|
$ |
1,984,889 |
30-59 Days Past Due |
|
|
330 |
|
|
633 |
|
|
862 |
|
|
1,252 |
|
|
768 |
|
|
1,990 |
|
|
1,581 |
|
|
7,416 |
60-89 Days Past Due |
|
|
56 |
|
|
42 |
|
|
157 |
|
|
717 |
|
|
177 |
|
|
2,205 |
|
|
369 |
|
|
3,723 |
90+ Days Past Due |
|
|
56 |
|
|
105 |
|
|
121 |
|
|
112 |
|
|
335 |
|
|
2,643 |
|
|
884 |
|
|
4,256 |
Nonaccrual |
|
|
444 |
|
|
144 |
|
|
172 |
|
|
929 |
|
|
1,357 |
|
|
8,709 |
|
|
3,325 |
|
|
15,080 |
Total Consumer |
|
$ |
498,649 |
|
$ |
324,801 |
|
$ |
162,468 |
|
$ |
100,510 |
|
$ |
75,689 |
|
$ |
286,718 |
|
$ |
566,529 |
|
$ |
2,015,364 |
The Company did not have any material revolving loans convert to term during the years ended December 31, 2022 and 2021.
|