Cover Page
Cover Page - shares | 3 Months Ended | |
Mar. 31, 2023 | Apr. 28, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-39028 | |
Entity Registrant Name | CROSSFIRST BANKSHARES, INC. | |
Entity Incorporation, State or Country Code | KS | |
Entity Tax Identification Number | 26-3212879 | |
Entity Address, Address Line One | 11440 Tomahawk Creek Parkway | |
Entity Address, City or Town | Leawood | |
Entity Address, State or Province | KS | |
Entity Address, Postal Zip Code | 66211 | |
City Area Code | 913 | |
Local Phone Number | 901-4516 | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | CFB | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 48,600,618 | |
Entity Central Index Key | 0001458412 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Assets | ||
Cash and cash equivalents | $ 262,971,000 | $ 300,138,000 |
Available-for-sale securities - taxable | 280,408,000 | 198,808,000 |
Available-for-sale securities - tax-exempt | 470,843,000 | 488,093,000 |
Loans, net of unearned fees | 5,647,639,000 | 5,372,729,000 |
Allowance for credit losses on loans | 65,130,000 | 61,775,000 |
Loans, net of the allowance for credit losses on loans | 5,582,509,000 | 5,310,954,000 |
Premises and equipment, net | 67,311,000 | 65,984,000 |
Restricted equity securities | 16,700,000 | 12,536,000 |
Interest receivable | 30,385,000 | 29,507,000 |
Foreclosed assets held for sale | 855,000 | 1,130,000 |
Goodwill and other intangible assets, net | 28,259,000 | 29,081,000 |
Bank-owned life insurance | 69,511,000 | 69,101,000 |
Other | 84,978,000 | 95,754,000 |
Total assets | 6,894,730,000 | 6,601,086,000 |
Deposits | ||
Non-interest-bearing | 969,701,000 | 1,400,260,000 |
Savings, NOW and money market | 3,491,586,000 | 3,305,481,000 |
Time | 1,376,027,000 | 945,567,000 |
Total deposits | 5,837,314,000 | 5,651,308,000 |
Federal Home Loan Bank advances | 314,031,000 | 218,111,000 |
Other borrowings | 17,970,000 | 35,457,000 |
Interest payable and other liabilities | 79,924,000 | 87,611,000 |
Total liabilities | 6,249,239,000 | 5,992,487,000 |
Stockholders' equity | ||
Preferred stock, $0.01 par value: Authorized - 15,000 shares, issued - 7,750 and no shares at March 31, 2023 and December 31, 2022, respectively | 0 | 0 |
Common stock, $0.01 par value: Authorized - 200,000,000 shares, issued - 53,189,016 and 53,036,613 shares at March 31, 2023 and December 31, 2022, respectively | 532,000 | 530,000 |
Treasury stock, at cost: 4,588,398 shares held at March 31, 2023 and December 31, 2022 | (64,127,000) | (64,127,000) |
Additional paid-in capital | 539,023,000 | 530,658,000 |
Retained earnings | 222,203,000 | 206,095,000 |
Accumulated other comprehensive loss | (52,140,000) | (64,557,000) |
Total stockholders equity | 645,491,000 | 608,599,000 |
Total liabilities and stockholders' equity | $ 6,894,730,000 | $ 6,601,086,000 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Parenthetical) - $ / shares | Mar. 31, 2023 | Dec. 31, 2022 |
Stockholders' equity | ||
Preferred stock par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock authorized (in shares) | 15,000 | 15,000 |
Preferred stock issued (in shares) | 7,750 | 0 |
Common stock par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock issued (in shares) | 53,189,016 | 53,036,613 |
Treasure stock held (in shares) | 4,588,398 | 4,588,398 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest Income | ||
Loans, including fees | $ 89,618 | $ 42,728 |
Available-for-sale securities - taxable | 1,849 | 1,044 |
Available-for-sale securities - tax-exempt | 3,794 | 3,692 |
Deposits with financial institutions | 2,014 | 152 |
Dividends on bank stocks | 262 | 144 |
Total interest income | 97,537 | 47,760 |
Interest Expense | ||
Deposits | 36,725 | 3,511 |
Fed funds purchased and repurchase agreements | 46 | 0 |
Federal Home Loan Bank Advances | 2,391 | 1,109 |
Other borrowings | 154 | 25 |
Total interest expense | 39,316 | 4,645 |
Net Interest Income | 58,221 | 43,115 |
Provision for credit losses | 4,421 | (625) |
Net Interest Income after Provision for Credit Losses | 53,800 | 43,740 |
Non-Interest Income | ||
Service charges and fees on customer accounts | 1,829 | 1,408 |
ATM and credit card interchange income | 1,264 | 2,664 |
Realized gains (losses) on available-for-sale securities | 63 | (26) |
Gain on sale of loans | 187 | 0 |
Gains (losses), net on equity securities | 10 | (103) |
Income from bank-owned life insurance | 411 | 388 |
Swap fees and credit valuation adjustments, net | 90 | 118 |
Other non-interest income | 567 | 493 |
Total non-interest income | 4,421 | 4,942 |
Non-Interest Expense | ||
Salaries and employee benefits | 22,622 | 17,941 |
Occupancy | 2,974 | 2,493 |
Professional fees | 2,618 | 805 |
Deposit insurance premiums | 1,531 | 737 |
Data processing | 1,242 | 812 |
Advertising | 752 | 692 |
Software and communication | 1,651 | 1,270 |
Foreclosed assets, net | 149 | (53) |
Other non-interest expense | 3,731 | 2,950 |
Core deposit intangible amortization | 822 | 19 |
Total non-interest expense | 38,092 | 27,666 |
Net Income Before Taxes | 20,129 | 21,016 |
Income tax expense | 4,021 | 4,188 |
Net Income | $ 16,108 | $ 16,828 |
Basic Earnings Per Common Share (in dollars per share) | $ 0.33 | $ 0.33 |
Diluted Earnings Per Common Share (in dollars per share) | $ 0.33 | $ 0.33 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Statement of Comprehensive Income [Abstract] | ||
Net Income | $ 16,108 | $ 16,828 |
Other Comprehensive Income (Loss) | ||
Unrealized gain (loss) on available-for-sale securities | 14,951 | (58,956) |
Less: income tax expense (benefit) | 3,657 | (14,433) |
Unrealized gain (loss) on available-for-sale securities, net of income tax | 11,294 | (44,523) |
Reclassification adjustment for realized gains (losses) included in income | 63 | (26) |
Less: income tax expense (benefit) | 15 | (6) |
Less: reclassification adjustment for realized gain (loss) included in income, net of income tax | 48 | (20) |
Unrealized gain on cash flow hedges | 1,540 | 2,655 |
Less: income tax expense | 369 | 653 |
Unrealized gain on cash flow hedges, net of income tax | 1,171 | 2,002 |
Other comprehensive income (loss) | 12,417 | (42,501) |
Comprehensive Income (Loss) | $ 28,525 | $ (25,673) |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders Equity - USD ($) | Total | Cumulative Effect, Period of Adoption, Adjustment | Preferred Stock | Common Stock | Common Stock Cumulative Effect, Period of Adoption, Adjustment | Treasury Stock | Treasury Stock Cumulative Effect, Period of Adoption, Adjustment | Additional Paid-in Capital | Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Retained Earnings Cumulative Effect, Period of Adoption, Adjustment | Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period of Adoption, Adjustment |
Beginning balance (in shares) at Dec. 31, 2021 | 50,450,045 | ||||||||||||
Beginning balance at Dec. 31, 2021 | $ 667,573,000 | $ 526,000 | $ (28,347,000) | $ 526,806,000 | $ 147,099,000 | $ 21,489,000 | |||||||
Beginning balance (ASU 2016-13 [Member]) at Dec. 31, 2021 | $ (2,610,000) | $ 0 | $ 0 | $ 0 | $ (2,610,000) | $ 0 | |||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net Income | 16,828,000 | 0 | 0 | 0 | 16,828,000 | 0 | |||||||
Other comprehensive gain (loss) - available-for-sale securities | (44,503,000) | 0 | 0 | 0 | 0 | (44,503,000) | |||||||
Other comprehensive loss - available-for-sale securities | (42,501,000) | ||||||||||||
Other comprehensive gain - cash flow hedges | 2,002,000 | $ 0 | 0 | 0 | 0 | 2,002,000 | |||||||
Issuance of shares from equity-based awards (in shares) | 336,540 | ||||||||||||
Issuance of shares from equity-based awards | (450,000) | $ 3,000 | 0 | (453,000) | 0 | 0 | |||||||
Open market common share repurchases | (16,762,000) | $ 0 | (16,762,000) | 0 | 0 | 0 | |||||||
Open market common share repurchases (in shares) | (1,058,332) | ||||||||||||
Employee receivables from sale of stock | 6,000 | $ 0 | 0 | 0 | 6,000 | 0 | |||||||
Stock-based compensation | 1,115,000 | $ 0 | 0 | 1,115,000 | 0 | 0 | |||||||
Ending balance (in shares) at Mar. 31, 2022 | 49,728,253 | ||||||||||||
Ending balance at Mar. 31, 2022 | $ 623,199,000 | $ 529,000 | (45,109,000) | 527,468,000 | 161,323,000 | (21,012,000) | |||||||
Beginning balance (in shares) at Dec. 31, 2022 | 53,036,613 | 0 | 48,448,215 | ||||||||||
Beginning balance at Dec. 31, 2022 | $ 608,599,000 | $ 0 | $ 530,000 | (64,127,000) | 530,658,000 | 206,095,000 | (64,557,000) | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||
Net Income | 16,108,000 | 0 | 0 | 0 | 16,108,000 | 0 | |||||||
Other comprehensive gain (loss) - available-for-sale securities | 11,246,000 | 0 | 0 | 0 | 0 | 11,246,000 | |||||||
Other comprehensive loss - available-for-sale securities | 12,417,000 | ||||||||||||
Other comprehensive gain - cash flow hedges | 1,171,000 | $ 0 | 0 | 0 | 0 | 1,171,000 | |||||||
Issuance of preferred shares (in shares) | 7,750 | 0 | |||||||||||
Issuance of preferred shares | 7,750,000 | $ 0 | $ 0 | 0 | 7,750,000 | 0 | 0 | ||||||
Issuance of shares from equity-based awards (in shares) | 152,403 | ||||||||||||
Issuance of shares from equity-based awards | (621,000) | $ 2,000 | 0 | (623,000) | 0 | 0 | |||||||
Stock-based compensation | $ 1,238,000 | $ 0 | 0 | 1,238,000 | 0 | 0 | |||||||
Ending balance (in shares) at Mar. 31, 2023 | 53,189,016 | 7,750 | 48,600,618 | ||||||||||
Ending balance at Mar. 31, 2023 | $ 645,491,000 | $ 0 | $ 532,000 | $ (64,127,000) | $ 539,023,000 | $ 222,203,000 | $ (52,140,000) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Operating Activities | ||
Net Income | $ 16,108,000 | $ 16,828,000 |
Items not requiring (providing) cash | ||
Depreciation and amortization | 2,318,000 | 1,241,000 |
Provision for credit losses | 4,421,000 | (625,000) |
Accretion of discounts on loans | (547,000) | 0 |
Accretion of discounts and amortization of premiums on securities | 926,000 | 1,116,000 |
Equity based compensation | 1,238,000 | 1,115,000 |
(Gain) loss on disposal of fixed assets | (4,000) | 13,000 |
Loss (gain) on sale of foreclosed assets and related impairments | 102,000 | (62,000) |
Gain on sale of loans | (187,000) | 0 |
Deferred income taxes | 1,640,000 | 3,358,000 |
Net increase in bank owned life insurance | (411,000) | (388,000) |
Net realized (gains) losses on available-for-sale securities | (63,000) | 26,000 |
Goodwill impairment | 0 | |
Dividends on FHLB stock | (261,000) | (142,000) |
Changes in | ||
Interest receivable | (878,000) | (910,000) |
Other assets | 2,615,000 | 14,565,000 |
Other liabilities | (2,693,000) | (21,650,000) |
Net cash provided by operating activities | 24,324,000 | 14,485,000 |
Investing Activities | ||
Net change in loans | (275,817,000) | (94,437,000) |
Purchases of available-for-sale securities | (93,488,000) | (49,138,000) |
Proceeds from maturities of available-for-sale securities | 5,714,000 | 11,582,000 |
Proceeds from sale of available-for-sale securities | 37,069,000 | 0 |
Proceeds from the sale of foreclosed assets | 173,000 | 237,000 |
Purchase of premises and equipment | (2,662,000) | (962,000) |
Proceeds from the sale of premises and equipment and related insurance claims | 4,000 | 13,000 |
Purchase of restricted equity securities | (8,226,000) | 0 |
Proceeds from sale of restricted equity securities | 4,334,000 | 1,544,000 |
Net cash used in investing activities | (332,899,000) | (131,161,000) |
Financing Activities | ||
Net (decrease) increase in demand deposits, savings, NOW and money market accounts | (244,454,000) | 50,403,000 |
Net increase (decrease) in time deposits | 430,407,000 | (112,320,000) |
Net decrease in federal funds sold | (20,000,000) | |
Repayment of Federal Home Loan Bank advances | (12,643,000) | (10,000,000) |
Net proceeds of Federal Home Loan Bank line of credit | 110,969,000 | 0 |
Proceeds from issuance of preferred shares, net of issuance cost | 7,750,000 | 0 |
Issuance of common shares, net of issuance cost | 2,000 | 170,000 |
Proceeds from employee stock purchase plan | 167,000 | 172,000 |
Repurchase of common stock | 0 | (16,762,000) |
Acquisition of common stock for tax withholding obligations | (790,000) | (793,000) |
Net decrease in employee receivables | 0 | 6,000 |
Net cash provided by (used in) financing activities | 271,408,000 | (89,124,000) |
Decrease in Cash and Cash Equivalents | (37,167,000) | (205,800,000) |
Cash and Cash Equivalents, Beginning of Period | 300,138,000 | 482,727,000 |
Cash and Cash Equivalents, End of Period | 262,971,000 | 276,927,000 |
Supplemental Cash Flows Information | ||
Interest paid | 35,459,000 | 4,784,000 |
Income taxes paid | $ 24,000 | $ 0 |
Nature of Operations and Summar
Nature of Operations and Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
Nature of Operations and Summary of Significant Accounting Policies [Abstract] | |
Nature of Operations and Summary of Significant Accounting Policies | Note 1: Nature of Operations and Summary of Significant Accounting Policies Organization and Nature of Operations CrossFirst Bankshares, Inc. (the “Company”) is a bank holding company whose principal activities management of its wholly-owned subsidiary, CrossFirst Bank (the three CrossFirst Investments, Inc. (“CFI”), which holds investments in marketable The Bank is primarily engaged in providing a full range of banking and financial through its branches in: (i) Leawood, Kansas; (ii) Wichita, Kansas; (iii) Kansas City, Missouri; Tulsa, Oklahoma; (vi) Dallas, Texas; (vii) Fort Worth, Texas; (viii) Frisco, Texas; (ix) Phoenix, Arizona; (x) Colorado Springs, Colorado; (xi) Denver, Colorado; and (xii) Clayton, New Mexico. Basis of Presentation The accompanying interim unaudited consolidated financial statements serve Report on Form 10-K for the year ended December 31, 2022 and include the accounts of and CFBSA II, LLC. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) and where applicable, prescribed by bank regulatory agencies. However, they may not include of financial statements under GAAP applicable to annual periods and accordingly should be read information contained in the Company's most recent Annual Report on Form 10-K. The unaudited consolidated financial reflect all adjustments which are, in the opinion of management, necessary for a fair adjustments are of a normal recurring nature. All significant intercompany balances and transactions have consolidation. Certain reclassifications of prior years' amounts are made whenever The results of operations for the interim period are not necessarily indicative of the other interim period. All amounts are in thousands, except share data, or as otherwise noted. GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and disclosures of contingent assets and liabilities. By their nature, estimates are based on has made significant estimates in certain areas, such as the fair values of financial (“ACL”). Because of the inherent uncertainties associated with any estimation conditions, it is possible that actual results could differ significantly from those estimates. The Company's significant accounting policies followed in the preparation of disclosed in Note 1 of the audited financial statements and notes for the year ended Company's Annual Report on Form 10-K for that period. There have been no significant changes to the application of accounting policies since December 31, 2022 other than those noted below : Related Party Transactions The Bank extends credit and receives deposits from related parties. In management’s in the ordinary course of business and made on similar terms as those prevailing totaled $ 11 13 129 and $ 92 Accounting Pronouncements Implemented ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Background – ASU 2022-02 provides new guidance on (i) troubled debt restructurings (“TDRs”) and (ii) vintage disclosures gross write-offs. The update eliminates the accounting guidance for TDRs and requires a company to determine results in a new loan or a continuation of an existing loan. The update enhances the required made to borrowers experiencing financial difficulty. In addition, the update by year of origination for financing receivables. For the Company, the Impact of adoption adoption of this ASU did not impact our consolidated financial statements. offs are included within “Note 3: Loans and Allowance for Credit Losses.” |
Securities
Securities | 3 Months Ended |
Mar. 31, 2023 | |
Securities [Abstract] | |
Securities | Note 2: Securities The amortized cost and approximate fair values, together with gross unrealized securities consisted of the following: The carrying value of securities pledged as collateral was $ 17 22 respectively. As of March 31, 2023 and December 31, 2022, the available-for-sale securities 6 the amortized cost basis, and presented in “interest receivable” on the The following tables summarize the gross realized gains and losses from sales or The following table shows available-for-sale securities gross unrealized losses, the loss position, and fair value of the Company’s investments with unrealized individual securities have been in a continuous unrealized loss position at Based on the Company’s evaluation at each respective period end, no of 2023 or fourth quarter of 2022. As of March 31, 2023 the Company does not intend to sell the investments in loss positions, and Company will be required to sell the investments before recovery of their amortized The amortized cost, fair value, and weighted average yield of available-for-sale maturity, are shown below: Actual maturities may differ from contractual maturities because issuers may have without prepayment penalties. (2) Yields are calculated based on amortized cost using 30/360 day basis. Equity Securities Equity securities consist of $ 3.2 consolidated statements of financial condition. The Company elected a measurement alternative for three private equity value and did not qualify for the practical expedient to estimate fair value using the calculated for the equity investments. identical or similar investment of the same issuer. No such events occurred The following is a summary of the unrealized and realized gains and losses on equity March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Approximate Fair Value (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 274,895 $ 2,110 $ 22,356 $ 254,649 Collateralized mortgage obligations - GSE residential 10,989 - 604 10,385 State and political subdivisions 523,464 1,449 47,771 477,142 Corporate bonds 9,754 - 679 9,075 Total available-for-sale securities $ 819,102 $ 3,559 $ 71,410 $ 751,251 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Approximate Fair Value (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 197,243 $ 232 $ 25,166 $ 172,309 Collateralized mortgage obligations - GSE residential 11,629 - 743 10,886 State and political subdivisions 551,007 929 57,440 494,496 Corporate bonds 9,762 - 552 9,210 Total available-for-sale securities $ 769,641 $ 1,161 $ 83,901 $ 686,901 March 31, 2023 Within After One to After Five to After One Year Five Years Ten Years Ten Years Total (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential (1) Amortized cost $ - $ 17 $ 91 $ 274,787 $ 274,895 Estimated fair value $ - $ 17 $ 88 $ 254,544 $ 254,649 Weighted average yield (2) - % 4.82 % 4.02 % 3.14 % 3.14 % Collateralized mortgage obligations - GSE residential (1) Amortized cost $ - $ - $ 2,322 $ 8,667 $ 10,989 Estimated fair value $ - $ - $ 2,235 $ 8,150 $ 10,385 Weighted average yield (2) - % - % 2.75 % 2.25 % 2.36 % State and political subdivisions Amortized cost $ 1,075 $ 7,962 $ 90,970 $ 423,457 $ 523,464 Estimated fair value $ 1,078 $ 8,158 $ 90,981 $ 376,925 $ 477,142 Weighted average yield (2) 3.71 % 4.32 % 2.96 % 2.68 % 2.76 % Corporate bonds Amortized cost $ - $ 149 $ 9,605 $ - $ 9,754 Estimated fair value $ - $ 146 $ 8,929 $ - $ 9,075 Weighted average yield (2) - % 4.09 % 5.71 % - % 5.68 % Total available-for-sale securities Amortized cost $ 1,075 $ 8,128 $ 102,988 $ 706,911 $ 819,102 Estimated fair value $ 1,078 $ 8,321 $ 102,233 $ 639,619 $ 751,251 Weighted average yield (2) 3.71 % 4.32 % 3.21 % 2.85 % 2.92 % March 31, 2023 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 13,935 $ 562 20 $ 133,560 $ 21,794 36 $ 147,495 $ 22,356 56 Collateralized mortgage obligations - GSE residential 2,235 88 1 8,150 516 18 10,385 604 19 State and political subdivisions 142,418 2,633 105 210,220 45,138 151 352,638 47,771 256 Corporate bonds 4,861 251 2 4,213 428 3 9,074 679 5 Total temporarily impaired securities $ 163,449 $ 3,534 128 $ 356,143 $ 67,876 208 $ 519,592 $ 71,410 336 December 31, 2022 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 91,929 $ 10,410 41 $ 66,036 $ 14,756 16 $ 157,965 $ 25,166 57 Collateralized mortgage obligations - GSE residential 10,636 733 18 251 10 1 10,887 743 19 State and political subdivisions 350,884 36,697 266 52,519 20,743 40 403,403 57,440 306 Corporate bonds 9,210 552 5 - - - 9,210 552 5 Total temporarily impaired securities $ 462,659 $ 48,392 330 $ 118,806 $ 35,509 57 $ 581,465 $ 83,901 387 For the Three Months Ended March 31, 2023 Gross Realized Gains Gross Realized Losses Net Realized Gain (Dollars in thousands) Available-for-sale securities $ 193 $ (130) $ 63 For the Three Months Ended March 31, 2022 Gross Realized Gains Gross Realized Losses Net Realized Loss (Dollars in thousands) Available-for-sale securities $ 1 $ (27) $ (26) Three Months Ended March 31, 2023 2022 (Dollars in thousands) Net gains (losses) recognized during the reporting period on equity $ 10 $ (103) Less: net gains recognized during the reporting period on equity securities sold - - Unrealized gains (losses) recognized during the reporting period on equity securities date $ 10 $ (103) |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2023 | |
Loans and Allowance for credit losses [Abstract] | |
Loans and Allowance for Credit Losses | Note 3: The table below shows the loan portfolio composition including carrying value and fair value marks of $ 24 Accrued interest of $ 24 23 financial condition is excluded from the carrying value disclosed in The Company aggregates the loan portfolio by similar credit risk characteristics. The loan ● Commercial and Industrial expansions. Loan terms typically require principal and interest payments borrower’s principal business operation. Credit risk is driven by creditworthiness business operations. The category also includes the remaining PPP loans outstanding. These loans were established by the Coronavirus Aid, Relief, and Economic authorized forgivable loans to small businesses to pay their employees during 100 Administration (“SBA”) and repayment is primarily dependent on ● Commercial and Industrial Lines of Credit – The category includes terms typically require interest-only payments, mature in one year, and and repay the line of credit based on the customer’s cash flow needs. Repayment creditworthiness of a borrower and the economic conditions that impact the cash ● Energy acquisitions. The loans are repaid primarily from the conversion of crude oil and natural gas to cash. Credit economic conditions that impact the cash flow stability from business operations. ● Commercial Real Estate successful operations of the property securing the loan or the business conducted secondarily as loans secured by real estate. Credit risk may be impacted by the borrower’s market areas. ● Construction and Land Development include independent appraisal reviews and a financial analysis of the developers developed property or an interim loan commitment from the Company due to their ultimate repayment being sensitive to interest rate changes, general impacted by the creditworthiness of a borrower, property values and ● Residential Real Estate - The category includes loans that are generally secured by owner-occupied dependent on the personal income and credit rating of the borrowers. Credit borrower’s market areas that might impact either property values or a borrower’s ● Multifamily Real Estate - The category includes loans that are generally secured by multifamily properties. occupancy rates and the personal income of the tenants. Credit risk in these areas that might impact either property values or the tenants’ personal income. ● Consumer - The category includes revolving lines of credit and various term loans such as automobile primarily dependent on the personal income and credit rating of the borrowers. general economic conditions in the borrower’s market area) and the Allowance for Credit Losses The Company’s CECL committee meets at least quarterly to oversee the ACL methodology. The committee estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions, credit losses inherent in the loan portfolio at the statement of financial condition extensions, renewals, and modifications. The ACL is the sum of three components: (i) asset specific / individual loan reserves; (ii) quantitative (formulaic or pooled) reserves; and (iii) reserves. Asset Specific - calculated for loans that are risk-rated substandard and on non-accrual are also individually evaluated. Reserves on asset specific loans may be based expected cash flow, market sentiment, and guarantor support. Quantitative - The Company used the cohort method, which identifies and captures the balance of a pool of loans with similar form a cohort. For example, the outstanding commercial and industrial The cohort is then tracked for losses over the remaining life of loans or until the poo cohort population. By using the historical data timeframe, the Company can establish forecast factors. Qualitative ◾ The nature and volume of changes in risk ratings; ◾ The volume and severity of past due loans; ◾ The volume of non-accrual loans; ◾ The nature and volume of the loan portfolio, including the existence, growth, and ◾ Changes in the Institute of Supply Management’s Purchasing Manager Indices ◾ Changes in collateral values; ◾ Changes in lending policies, procedures, and quality of loan reviews; ◾ Changes in lending staff; and ◾ Changes in competition, legal and regulatory environments In addition to the current condition qualitative adjustments, the Company uses the guidance. The Federal Reserve’s unemployment forecast extends three-years Internal Credit Risk Ratings The Company uses a weighted average risk rating factor to adjust the historical authorities to describe criticized assets, but separate various levels of risk are monitored on an ongoing basis. The rating assigned to a loan reflects the risks used to determine a risk rating include, but are not limited to, cash flow adequacy, Loan Grades ● Pass (risk rating 1-4) financial condition, or the credit is currently protected with sales trends remaining policies. Debt is programmed and timely repayment is expected. ● Special Mention (risk rating 5) sheet that has not reached a point where repayment is jeopardized. Credits are currently deterioration of the repayment prospects for the credit or in the Company’s expose the Company to enough risk to warrant adverse classification. ● Substandard (risk rating 6) protected by the current worth and paying capacity of the obligor or of the collateral deficiencies are not corrected. Loss potential, while existing in the aggregate substandard. Substandard loans include both performing and non-performing loans ● Doubtful (risk rating 7) - The category includes borrowers that exhibit weaknesses inherent in a substandard credit and collection or liquidation in full highly questionable or improbable based which may work to the advantage and strengthening of the assets, classification as a loss is ● Loss (risk rating 8) - Credits which are considered uncollectible or of such little value that their continuance The following tables present the credit risk profile of the Company’s loan portfolio 31, 2022: Loan Portfolio Aging Analysis The following tables present the Company’s loan portfolio aging analysis as of Non-accrual Loan Analysis Non-accrual loans are loans for which the Company does not record interest unless the credit is well secured and in process of collection. Past due status is based on an earlier date, if collection of principal or interest is considered doubtful. Loans brought current and future payments are reasonably assured. The following 2022: Interest income recognized on non-accrual loans was $ 0.5 0.2 Allowance for Credit Losses The following table presents the activity in the allowance for credit losses and three months ended March 31, 2023: The ACL increased $ 2.8 4.4 due to continued improvement in credit quality. 1.6 reserve on unfunded commitments decreased $ 0.6 The following table presents the Company’s charge-offs by year of origination Collateral Dependent Loans: Collateral dependent loans are loans for which the repayment is expected to be provided sale of the collateral and the borrower is experiencing financial difficulty. The following loans considered collateral dependent by loan segment and collateral type Troubled Debt Restructurings TDRs are those extended to borrowers who are experiencing financial excluding loan modifications as a result of the COVID-19 pandemic. maturity, reduction or deferment of monthly payment, or reduction of the adopted ASU 2022-02, which eliminates the accounting guidance for TDRs. prospective basis. The outstanding balance of TDRs recognized prior to the adoption of ASU 2022-02 was $ 28.7 30.5 March 31, 2023 and December 31, 2022, respectively. Under the new no modifications for the three months ended March 31, 2023. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company estimates expected credit losses for off-balance sheet credit cancellable by the Company. The ACL on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate is calculated for each loan segment and includes consideration of the expected credit losses on commitments expected to be funded over its estimated life. to be funded, the Company uses the reserve rate established for the related 8 9 credit losses on off-balance sheet credit exposures at March 31, 2023 payable and other liabilities” on the statements of financial condition. The following categories of off-balance sheet credit exposures have been Loan commitments – include revolving lines of credit, non-revolving lines inherent to revolving lines of credit often are related to the susceptibility of an flow or financial troubles, thus leading to payment default. The primary risk associated diversion of funds for other expenditures. Letters of credit – are primarily established to provide assurance to the beneficiary arising out of a separate transaction between the beneficiary and applicant. to draw on the letter of credit. March 31, 2023 December 31, 2022 Amount % of Loans Amount % of Loans (Dollars in thousands) Commercial and industrial $ 986,636 17 % $ 1,017,678 19 % Commercial and industrial lines of credit 1,047,280 19 957,254 18 Energy 193,859 3 173,218 3 Commercial real estate 1,808,888 33 1,718,947 32 Construction and land development 845,085 15 794,788 15 Residential real estate 412,334 7 409,124 8 Multifamily real estate 295,469 5 237,984 4 Consumer 58,088 1 63,736 1 Loans, net of unearned 5,647,639 100 % 5,372,729 100 % Less: allowance for credit losses on loans 65,130 61,775 Loans, net of the allowance for credit losses on loans $ 5,582,509 $ 5,310,954 As of March 31, 2023 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial and industrial Pass $ 111,407 $ 379,176 $ 224,316 $ 54,865 $ 48,014 $ 64,730 $ - $ 27,044 $ 909,552 Special mention 12,388 5,826 19,996 13,802 795 318 - 33 53,158 Substandard - accrual - 69 125 1,566 1,152 1,019 - 19,786 23,717 Substandard - non- accrual - - - - - 11 - 198 209 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 123,795 $ 385,071 $ 244,437 $ 70,233 $ 49,961 $ 66,078 $ - $ 47,061 $ 986,636 Commercial and industrial Pass $ - $ - $ - $ - $ - $ - $ 973,052 $ - $ 973,052 Special mention - - - - - - 49,569 - 49,569 Substandard - accrual - - - - - - 18,594 - 18,594 Substandard - non- accrual - - - - - - 6,065 - 6,065 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ 1,047,280 $ - $ 1,047,280 Energy Pass $ - $ 7,481 $ 206 $ 192 $ - $ - $ 185,262 $ 160 $ 193,301 Special mention - - - - - - - - - Substandard - accrual - - - - - - - - - Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - 558 - 558 Loss - - - - - - - - - Total $ - $ 7,481 $ 206 $ 192 $ - $ - $ 185,820 $ 160 $ 193,859 As of March 31, 2023 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial real estate Pass $ 65,310 $ 437,240 $ 287,175 $ 153,430 $ 128,097 $ 135,622 $ 411,771 $ 101,002 $ 1,719,647 Special mention 9,833 12,446 5,945 555 1,204 13,815 4,243 27,476 75,517 Substandard - accrual - 10,238 - 550 81 385 - - 11,254 Substandard - non- accrual - - 2,470 - - - - - 2,470 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 75,143 $ 459,924 $ 295,590 $ 154,535 $ 129,382 $ 149,822 $ 416,014 $ 128,478 $ 1,808,888 Construction and land development Pass $ 96,933 $ 395,906 $ 212,418 $ 70,749 $ 9,960 $ 1,603 $ 49,228 $ - $ 836,797 Special mention - - 7,624 - - - - - 7,624 Substandard - accrual - 226 - - - - 438 - 664 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 96,933 $ 396,132 $ 220,042 $ 70,749 $ 9,960 $ 1,603 $ 49,666 $ - $ 845,085 Residential real estate Pass $ 6,195 $ 77,458 $ 86,022 $ 118,328 $ 44,628 $ 68,535 $ 3,950 $ - $ 405,116 Special mention 253 - 3,253 182 212 - - - 3,900 Substandard - accrual - - - 3,130 - - - - 3,130 Substandard - non- accrual - - - - - - - 188 188 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 6,448 $ 77,458 $ 89,275 $ 121,640 $ 44,840 $ 68,535 $ 3,950 $ 188 $ 412,334 As of March 31, 2023 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Multifamily real estate Pass $ 22,508 $ 112,051 $ 39,983 $ 7,490 $ 11,869 $ 3,178 $ 98,355 $ - $ 295,434 Special mention - - - - - - - 35 35 Substandard - accrual - - - - - - - - - Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 22,508 $ 112,051 $ 39,983 $ 7,490 $ 11,869 $ 3,178 $ 98,355 $ 35 $ 295,469 Consumer Pass $ 397 $ 7,016 $ 707 $ 133 $ 255 $ 130 $ 49,407 $ - $ 58,045 Special mention - - - - - 8 - - 8 Substandard - accrual - - - 30 - 5 - - 35 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 397 $ 7,016 $ 707 $ 163 $ 255 $ 143 $ 49,407 $ - $ 58,088 Total Pass $ 302,750 $ 1,416,328 $ 850,827 $ 405,187 $ 242,823 $ 273,798 $ 1,771,025 $ 128,206 $ 5,390,944 Special mention 22,474 18,272 36,818 14,539 2,211 14,141 53,812 27,544 189,811 Substandard - accrual - 10,533 125 5,276 1,233 1,409 19,032 19,786 57,394 Substandard - non- accrual - - 2,470 - - 11 6,065 386 8,932 Doubtful - - - - - - 558 - 558 Loss - - - - - - - - - Total $ 325,224 $ 1,445,133 $ 890,240 $ 425,002 $ 246,267 $ 289,359 $ 1,850,492 $ 175,922 $ 5,647,639 As of December 31, 2022 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial and industrial Pass $ 465,963 $ 281,166 $ 55,934 $ 50,445 $ 48,595 $ 20,648 $ - $ 19,089 $ 941,840 Special mention 2,531 23,055 14,573 2,951 4,947 86 - 41 48,184 Substandard - accrual 290 677 1,647 1,330 740 299 - 21,166 26,149 Substandard - non- accrual - 104 - 6 1,383 - - - 1,493 Doubtful - - - - - - - - - Loss - - - - - 12 - - 12 Total $ 468,784 $ 305,002 $ 72,154 $ 54,732 $ 55,665 $ 21,045 $ - $ 40,296 $ 1,017,678 Commercial and industrial lines of credit Pass $ - $ - $ - $ - $ - $ - $ 890,109 $ - $ 890,109 Special mention - - - - - - 49,861 - 49,861 Substandard - accrual - - - - - - 10,805 - 10,805 Substandard - non- accrual - - - - - - 6,479 - 6,479 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ 957,254 $ - $ 957,254 Energy Pass $ 7,585 $ 306 $ 228 $ - $ - $ - $ 162,834 $ 171 $ 171,124 Special mention - - - - - - - - - Substandard - accrual - - - - - - 1,476 - 1,476 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - 618 - 618 Loss - - - - - - - - - Total $ 7,585 $ 306 $ 228 $ - $ - $ - $ 164,928 $ 171 $ 173,218 As of December 31, 2022 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial real estate Pass $ 474,901 $ 276,403 $ 156,553 $ 119,643 $ 73,989 $ 84,460 $ 350,732 $ 108,837 $ 1,645,518 Special mention 23,223 6,603 566 1,330 6,558 4,339 2,429 12,285 57,333 Substandard - accrual 10,388 - 547 82 60 1,548 - 992 13,617 Substandard - non- accrual - 2,479 - - - - - - 2,479 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 508,512 $ 285,485 $ 157,666 $ 121,055 $ 80,607 $ 90,347 $ 353,161 $ 122,114 $ 1,718,947 Construction and land development Pass $ 346,429 $ 266,557 $ 93,229 $ 19,866 $ 1,497 $ 9,053 $ 49,500 $ - $ 786,131 Special mention - 7,727 - - - - - - 7,727 Substandard - accrual 157 310 463 - - - - - 930 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 346,586 $ 274,594 $ 93,692 $ 19,866 $ 1,497 $ 9,053 $ 49,500 $ - $ 794,788 Residential real estate Pass $ 77,416 $ 84,158 $ 121,078 $ 45,265 $ 37,395 $ 34,852 $ 1,649 $ - $ 401,813 Special mention 253 3,272 187 226 - - - - - 3,938 Substandard - accrual 34 - 3,148 - - - - - 3,182 Substandard - non- accrual - - - - - - - 191 191 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 77,703 $ 87,430 $ 124,413 $ 45,491 $ 37,395 $ 34,852 $ 1,649 $ 191 $ 409,124 As of December 31, 2022 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Multifamily real estate Pass $ 85,785 $ 26,705 $ 6,915 $ 11,938 $ 2,491 $ 726 $ 86,879 $ 16,509 $ 237,948 Special mention - - - - - - - 36 36 Substandard - accrual - - - - - - - - - Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 85,785 $ 26,705 $ 6,915 $ 11,938 $ 2,491 $ 726 $ 86,879 $ 16,545 $ 237,984 Consumer Pass $ 7,917 $ 1,347 $ 2,611 $ 265 $ 129 $ 6 $ 51,416 $ - $ 63,691 Special mention - - - - 8 - - - 8 Substandard - accrual - - 32 - 5 - - - 37 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 7,917 $ 1,347 $ 2,643 $ 265 $ 142 $ 6 $ 51,416 $ - $ 63,736 Total Pass $ 1,465,996 $ 936,642 $ 436,548 $ 247,422 $ 164,096 $ 149,745 $ 1,593,119 $ 144,606 $ 5,138,174 Special mention 26,007 40,657 15,326 4,507 11,513 4,425 52,290 12,362 167,087 Substandard - accrual 10,869 987 5,837 1,412 805 1,847 12,281 22,158 56,196 Substandard - non- accrual - 2,583 - 6 1,383 - 6,479 191 10,642 Doubtful - - - - - - 618 - 618 Loss - - - - - 12 - - 12 Total $ 1,502,872 $ 980,869 $ 457,711 $ 253,347 $ 177,797 $ 156,029 $ 1,664,787 $ 179,317 $ 5,372,729 As of March 31, 2023 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial and industrial 30-59 days $ - $ 70 $ 142 $ - $ - $ - $ - $ 1,915 $ 2,127 60-89 days - - - - - - - - - Greater than 90 days - - 2 148 - 11 - - 161 Total past due - 70 144 148 - 11 - 1,915 2,288 Current 123,795 385,001 244,293 70,085 49,961 66,067 - 45,146 984,348 Total $ 123,795 $ 385,071 $ 244,437 $ 70,233 $ 49,961 $ 66,078 $ - $ 47,061 $ 986,636 Greater than 90 days and accruing $ - $ - $ 2 $ 148 $ - $ - $ - $ - $ 150 Commercial and industrial lines of credit 30-59 days $ - $ - $ - $ - $ - $ - $ 2,510 $ - $ 2,510 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 6,679 - 6,679 Total past due - - - - - - 9,189 - 9,189 Current - - - - - - 1,038,091 - 1,038,091 Total $ - $ - $ - $ - $ - $ - $ 1,047,280 $ - $ 1,047,280 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ 613 $ - $ 613 Energy 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 558 - 558 Total past due - - - - - - 558 - 558 Current - 7,481 206 192 - - 185,262 160 193,301 Total $ - $ 7,481 $ 206 $ 192 $ - $ - $ 185,820 $ 160 $ 193,859 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - As of March 31, 2023 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial real estate 30-59 days $ - $ 190 $ - $ - $ - $ 214 $ - $ - $ 404 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 100 - 100 Total past due - 190 - - - 214 100 - 504 Current 75,143 459,734 295,590 154,535 129,382 149,608 415,914 128,478 1,808,384 Total $ 75,143 $ 459,924 $ 295,590 $ 154,535 $ 129,382 $ 149,822 $ 416,014 $ 128,478 $ 1,808,888 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ 100 $ - $ 100 Construction and land development 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - - - - - - - Current 96,933 396,132 220,042 70,749 9,960 1,603 49,666 - 845,085 Total $ 96,933 $ 396,132 $ 220,042 $ 70,749 $ 9,960 $ 1,603 $ 49,666 $ - $ 845,085 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential real estate 30-59 days $ - $ 8 $ - $ - $ - $ - $ - $ - $ 8 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - 8 - - - - - - 8 Current 6,448 77,450 89,275 121,640 44,840 68,535 3,950 188 412,326 Total $ 6,448 $ 77,458 $ 89,275 $ 121,640 $ 44,840 $ 68,535 $ 3,950 $ 188 $ 412,334 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - As of March 31, 2023 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Multifamily real estate 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - - - - - - - Current 22,508 112,051 39,983 7,490 11,869 3,178 98,355 35 295,469 Total $ 22,508 $ 112,051 $ 39,983 $ 7,490 $ 11,869 $ 3,178 $ 98,355 $ 35 $ 295,469 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer 30-59 days $ - $ - $ 5 $ - $ - $ - $ - $ - $ 5 60-89 days - 1 - 1 - - - - 2 Greater than 90 days - - - - - 5 - - 5 Total past due - 1 5 1 - 5 - - 12 Current 397 7,015 702 162 255 138 49,407 - 58,076 Total $ 397 $ 7,016 $ 707 $ 163 $ 255 $ 143 $ 49,407 $ - $ 58,088 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ 5 $ - $ - $ 5 Total 30-59 days $ - $ 268 $ 147 $ - $ - $ 214 $ 2,510 $ 1,915 $ 5,054 60-89 days - 1 - 1 - - - - 2 Greater than 90 days - - 2 148 - 16 7,337 - 7,503 Total past due - 269 149 149 - 230 9,847 1,915 12,559 Current 325,224 1,444,864 890,091 424,853 246,267 289,129 1,840,645 174,007 5,635,080 Total $ 325,224 $ 1,445,133 $ 890,240 $ 425,002 $ 246,267 $ 289,359 $ 1,850,492 $ 175,922 $ 5,647,639 Greater than 90 days and accruing $ - $ - $ 2 $ 148 $ - $ 5 $ 713 $ - $ 868 As of December 31, 2022 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial and industrial 30-59 days $ 20 $ 4,784 $ - $ - $ - $ 1,049 $ - $ - $ 5,853 60-89 days - 55 - - - - - 430 485 Greater than 90 days - 143 7 6 1,383 12 - - 1,551 Total past due 20 4,982 7 6 1,383 1,061 - 430 7,889 Current 468,764 300,020 72,147 54,726 54,282 19,984 - 39,866 1,009,789 Total $ 468,784 $ 305,002 $ 72,154 $ 54,732 $ 55,665 $ 21,045 $ - $ 40,296 $ 1,017,678 Greater than 90 days and accruing $ - $ 39 $ 7 $ - $ - $ - $ - $ - $ 46 Commercial and industrial lines of credit 30-59 days $ - $ - $ - $ - $ - $ - $ 2,814 $ - $ 2,814 60-89 days - - - - - - 980 - 980 Greater than 90 days - - - - - - 7,063 - 7,063 Total past due - - - - - - 10,857 - 10,857 Current - - - - - - 946,397 - 946,397 Total $ - $ - $ - $ - $ - $ - $ 957,254 $ - $ 957,254 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ 584 $ - $ 584 Energy 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 618 - 618 Total past due - - - - - - 618 - 618 Current 7,585 306 228 - - - 164,310 171 172,600 Total $ 7,585 $ 306 $ 228 $ - $ - $ - $ 164,928 $ 171 $ 173,218 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - As of December 31, 2022 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial real estate 30-59 days $ - $ - $ - $ 1,180 $ - $ - $ - $ - $ 1,180 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - 1,180 - - - - 1,180 Current 508,512 285,485 157,666 119,875 80,607 90,347 353,161 122,114 1,717,767 Total $ 508,512 $ 285,485 $ 157,666 $ 121,055 $ 80,607 $ 90,347 $ 353,161 $ 122,114 $ 1,718,947 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction and land development 30-59 days $ 4,293 $ - $ - $ - $ - $ - $ - $ - $ 4,293 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due 4,293 - - - - - - - 4,293 Current 342,293 274,594 93,692 19,866 1,497 9,053 49,500 - 790,495 Total $ 346,586 $ 274,594 $ 93,692 $ 19,866 $ 1,497 $ 9,053 $ 49,500 $ - $ 794,788 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential real estate 30-59 days $ - $ 3,867 $ - $ 10 $ - $ - $ - $ - $ 3,877 60-89 days - - - - - - - - - Greater than 90 days - 120 - - - - - - 120 Total past due - 3,987 - 10 - - - - 3,997 Current 77,703 83,443 124,413 45,481 37,395 34,852 1,649 191 405,127 Total $ 77,703 $ 87,430 $ 124,413 $ 45,491 $ 37,395 $ 34,852 $ 1,649 $ 191 $ 409,124 Greater than 90 days and accruing $ - $ 120 $ - $ - $ - $ - $ - $ - $ 120 As of December 31, 2022 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Multifamily real estate 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - - - - - - - Current 85,785 26,705 6,915 11,938 2,491 726 86,879 16,545 237,984 Total $ 85,785 $ 26,705 $ 6,915 $ 11,938 $ 2,491 $ 726 $ 86,879 $ 16,545 $ 237,984 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer 30-59 days $ - $ - $ - $ - $ - $ - $ 30 $ - $ 30 60-89 days - - 2 - 5 - - - 7 Greater than 90 days - - - - - - - - - Total past due - - 2 - 5 - 30 - 37 Current 7,917 1,347 2,641 265 137 6 51,386 - 63,699 Total $ 7,917 $ 1,347 $ 2,643 $ 265 $ 142 $ 6 $ 51,416 $ - $ 63,736 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Total 30-59 days $ 4,313 $ 8,651 $ - $ 1,190 $ - $ 1,049 $ 2,844 $ - $ 18,047 60-89 days - 55 2 - 5 - 980 430 1,472 Greater than 90 days - 263 7 6 1,383 12 7,681 - 9,352 Total past due 4,313 8,969 9 1,196 1,388 1,061 11,505 430 28,871 Current 1,498,559 971,900 457,702 252,151 176,409 154,968 1,653,282 178,887 5,343,858 Total $ 1,502,872 $ 980,869 $ 457,711 $ 253,347 $ 177,797 $ 156,029 $ 1,664,787 $ 179,317 $ 5,372,729 Greater than 90 days and accruing $ - $ 159 $ 7 $ - $ - $ - $ 584 $ - $ 750 As of March 31, 2023 Amortized Cost Basis by Origination Year and On Non-accrual Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total Non- accrual Loans Non-accrual Loans with no related Allowance (Dollars in thousands) Commercial and industrial $ - $ - $ - $ - $ - $ 11 $ - $ 198 $ 209 $ 209 Commercial and industrial lines of credit - - - - - - 6,065 - 6,065 6,065 Energy - - - - - - 558 - 558 558 Commercial real estate - - 2,470 - - - - - 2,470 2,470 Construction and land development - - - - - - - - - - Residential real estate - - - - - - - 188 188 188 Multifamily real estate - - - - - - - - - - Consumer - - - - - - - - - - Total $ - $ - $ 2,470 $ - $ - $ 11 $ 6,623 $ 386 $ 9,490 $ 9,490 As of December 31, 2022 Amortized Cost Basis by Origination Year and On Non-accrual Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total Non- accrual Loans Non-accrual Loans with no related Allowance (Dollars in thousands) Commercial and industrial $ - $ 104 $ - $ 6 $ 1,383 $ 12 $ - $ - $ 1,505 $ 1,505 Commercial and industrial lines of credit - - - - - - 6,479 - 6,479 6,479 Energy - - - - - - 618 - 618 618 Commercial real estate - 2,479 - - - - - - 2,479 2,479 Construction and land development - - - - - - - - - - Residential real estate - - - - - - - 191 191 191 Multifamily real estate - - - - - - - - - - Consumer - - - - - - - - - - Total $ - $ 2,583 $ - $ 6 $ 1,383 $ 12 $ 7,097 $ 191 $ 11,272 $ 11,272 For the Three Months Ended March 31, 2023 Commercial and Industrial Commercial and Industrial Lines of Credit Energy Commercial Real Estate Construction and Land Development Residential Real Estate Multifamily Real Estate Consumer Total (Dollars in thousands) Allowance for Credit Losses: Beginning balance $ 12,272 $ 14,531 $ 4,396 $ 19,504 $ 5,337 $ 3,110 $ 2,253 $ 372 $ 61,775 Charge-offs (1,642) - - - - - - - (1,642) Recoveries - - - - - - - 1 1 Provision (release) 1,392 676 283 1,259 437 (49) 627 371 4,996 Ending balance $ 12,022 $ 15,207 $ 4,679 $ 20,763 $ 5,774 $ 3,061 $ 2,880 $ 744 $ 65,130 Allowance for Credit Losses on Off-Balance Sheet Credit Exposures: Beginning balance $ 245 $ 74 $ 787 $ 700 $ 6,830 $ 35 $ 14 $ 3 $ 8,688 Provision (release) (71) 213 (246) 12 (506) 16 (5) 12 (575) Ending balance $ 174 $ 287 $ 541 $ 712 $ 6,324 $ 51 $ 9 $ 15 $ 8,113 For the Quarter Ended March 31, 2023 Gross Charge-offs by Origination Year Gross Charge-offs 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Gross Charge- offs (Dollars in thousands) Commercial and industrial $ - $ - $ 70 $ - $ - $ 1,347 $ - $ 225 $ 1,642 Commercial and industrial lines of credit - - - - - - - - - Energy - - - - - - - - - Commercial real estate - - - - - - - - - Construction and land development - - - - - - - - - Residential real estate - - - - - - - - - Multifamily real estate - - - - - - - - - Consumer - - - - - - - - - Total $ - $ - $ 70 $ - $ - $ 1,347 $ - $ 225 $ 1,642 As of March 31, 2023 Loan Segment and Collateral Description Amortized Cost of Collateral Dependent Loans Related Allowance for Credit Losses Amortized Cost of Collateral Dependent Loans with no related Allowance (Dollars in thousands) Commercial and Industrial Lines of Credit All business assets 6,065 - 6,065 Energy Oil and natural gas properties 558 - 558 Consumer Vehicles & other personal assets 5 5 - $ 6,628 $ 5 $ 6,623 As of December 31, 2022 Loan Segment and Collateral Description Amortized Cost of Collateral Dependent Loans Related Allowance for Credit Losses Amortized Cost of Collateral Dependent Loans with no related Allowance (Dollars in thousands) Commercial and Industrial All business assets $ 1,489 $ - $ 1,489 Commercial and Industrial Lines of Credit All business assets 6,492 - 6,492 Energy Oil and natural gas properties 618 - 618 Commercial Real Estate Commercial real estate properties 92 - 92 Consumer Vehicles & other personal assets 39 22 - $ 8,728 $ 22 $ 8,689 |
Leases
Leases | 3 Months Ended |
Mar. 31, 2023 | |
Leases [Abstract] | |
Leases | For the Three Months Ended March 31, 2023 2022 (Dollars in thousands) Finance lease amortization of right-of-use asset $ 70 $ - Finance lease interest on lease liability 69 - Operating lease expense 732 726 Variable lease expense 393 213 Short-term lease expense 5 5 Total lease expense $ 1,269 $ 944 Future minimum commitments due under these lease agreements as of Operating Leases Finance Lease (Dollars in thousands) Remainder of 2023 $ 2,821 $ 367 2024 3,289 490 2025 3,309 490 2026 3,350 490 2027 3,340 528 Thereafter 12,619 8,296 Total lease payments $ 28,728 $ 10,661 Less imputed interest 3,350 3,095 Total $ 25,378 $ 7,566 Supplemental cash flow information – Operating cash flows paid for operating lease amounts included in the measurement lease liabilities were $ 0.9 0.7 flows paid for finance lease amounts included in the measurement of 0.1 March 31, 2023. During the three months ended March 31, 2023, the Company no t record any ROU assets that were exchanged for operating lease liabilities. Note 4: The Company’s leases primarily include bank branches located in Texas; Phoenix, Arizona; from less than one year nineteen years five years twenty years . The exercise of lease renewal options is at the Company’s sole discretion. When it is reasonably certain will exercise its option to renew or extend the lease term, that option is included and lease liability. The Company’s lease agreements do not contain any material residual covenants. operating leases. The ROU asset is included in “other assets” on the consolidated statements of 29.6 $ 30.5 such as initial direct costs paid or incentives received. The lease liability is located in “Interest payable consolidated statements of financial condition and was $ 33 34 respectively. As of March 31, 2023, the remaining weighted-average lease term is 11.4 2.54 % utilizing the Company’s incremental Federal Home Loan Bank (“FHLB”) date of lease commencement. The following table presents components of operating lease expense in for the three-month period ended March 31, 2023: |
Goodwill and Core Deposit Intan
Goodwill and Core Deposit Intangible | 3 Months Ended |
Mar. 31, 2023 | |
Goodwill and Core Deposit Intangible [Abstract] | |
Goodwill and Core Deposit Intangible | Note 5: Goodwill is measured as the excess of the fair value of consideration paid over the with GAAP, the Company performs annual tests to identify impairment indicate a potential impairment may exist. No As a result of economic conditions resulting from bank failures during goodwill impairment test as of March 31, 2023. A qualitative analysis was performed, likely than not that a goodwill impairment exists. The Company is amortizing the core deposit intangible (“CDI”) from the estimated useful life of approximately 10 deposit intangible amortization expense of $ 0.8 The gross carrying amount of goodwill and the gross carrying amount and 2023 and December 31, 2022 were: The following table shows the estimated future amortization expense for Amount Years ending December 31, (Dollars in thousands) For the nine months ending December 31, 2023 $ 2,286 For the year ending December 31, 2024 2,762 For the year ending December 31, 2025 2,436 For the year ending December 31, 2026 2,109 For the year ending December 31, 2027 1,783 Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Dollars in thousands) March 31, 2023 Goodwill $ 12,836 $ - $ 12,836 Core deposit intangible 17,479 2,056 15,423 Total goodwill and intangible assets $ 30,315 $ 2,056 $ 28,259 December 31, 2022 Goodwill $ 12,836 $ - $ 12,836 Core deposit intangible 17,479 1,234 16,245 Total goodwill and intangible assets $ 30,315 $ 1,234 $ 29,081 |
Derivatives and Hedging
Derivatives and Hedging | 3 Months Ended |
Mar. 31, 2023 | |
Derivatives and Hedging [Abstract] | |
Derivatives and Hedging | Note 6: The Company is exposed to certain risks arising from both its business operations and rate, liquidity, and exposures that arise from business activities that result in the receipt or payment of which are determined by interest rates. Cash Flow Hedges of Interest Rate Risk The Company uses interest rate derivatives to add stability to interest income rate movements. To management strategy. exchange for the Company making fixed-rate payments over the life amount. Interest rate collars designated as cash flow hedges involve cap strike rate on the contract and the receipt of variable-rate amounts During 2023, such derivatives were used to hedge the variable cash flows associated swaps that were entered into in 2021 were terminated during the third quarter instruments will start in 2023 based on the original effective dates hedges include one 250 For derivatives designated and that qualify as cash flow hedges of interest rate in Accumulated Other Comprehensive Income (Loss) (“AOCI”) and subsequently reclassified into interest same period(s) during which the hedged transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest income and expense as interest payments are received liabilities. The derivative financial instruments did not impact the statements of operations The Company estimates that $ 0.2 The Company is hedging its exposure to the variability in future cash flows for forecasted 6.1 Non-designated Hedges Derivatives not designated as hedges are not speculative and result from interest rate swaps with customers to facilitate their respective risk management hedged by offsetting derivatives that the Company executes with a third-party, resulting from such transactions. Interest rate derivatives associated requirements and changes in the fair value of both the customer derivatives earnings. Swap fees earned upon origination and credit valuation adjustments that represent on the statements of operations as swap fee income, net. The effect of the Company’s derivative financial reported on the statements of cash flows within “other assets” and “other liabilities”. These 50 49 417 421 2022, respectively. Fair Values The table below presents the fair value of the Company’s derivative financial Statements of Financial Condition as of March 31, 2023 and December Asset Derivatives Liability Derivatives Statement of Financial Condition March 31, December 31, Statement of Financial Condition March 31, December 31, Location 2023 2022 Location 2023 2022 (Dollars in thousands) Interest rate products: Derivatives designated as hedging instruments Other assets $ - $ - Interest payable and other liabilities $ 3,883 $ 5,403 Derivatives not designated as hedging instruments Other assets 7,907 11,038 Interest payable and other liabilities 7,908 11,039 Total $ 7,907 $ 11,038 $ 11,791 $ 16,442 For the Three Months Ended For the Three Months Ended March 31, 2023 March 31, 2022 Location of Gain or (Loss) Recognized from Accumulated Other Comprehensive Income into Income Gain or (Loss) Recognized in OCI on Derivative Gain or (Loss) Recognized in OCI Included Component Gain or (Loss) Recognized in OCI Excluded Component Gain or (Loss) Recognized in OCI on Derivative Gain or (Loss) Recognized in OCI Included Component Gain or (Loss) Recognized in OCI Excluded Component (Dollars in thousands) Derivatives in Cash Flow Hedging Relationships: Interest Rate Products Interest Expense 1,540 1,540 - 2,655 2,655 - Total $ 1,540 $ 1,540 $ - $ 2,655 $ 2,655 $ - The table below presents the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income three months ended March 31, 2023 and 2022. As of March 31, 2023 and December 31, 2022, the Company had minimum counterparties and has received collateral of $ 3.6 4.9 |
Time Deposits and Borrowings
Time Deposits and Borrowings | 3 Months Ended |
Mar. 31, 2023 | |
Time Deposits and Borrowings [Abstract] | |
Time Deposits and Borrowings | Note 7: The scheduled maturities, excluding interest, of the Company’s borrowings at March 31, 2023 Within One Year One to Two Years Two to Three Years Three to Four Years Four to Five Years After Five Years Total (Dollars in thousands) Time deposits $ 1,153,933 $ 215,690 $ 2,084 $ 1,356 $ 2,964 $ - $ 1,376,027 FHLB borrowings 37,573 1,598 11,423 - 60,000 20,000 130,594 FHLB line of credit 183,437 - - - - - 183,437 Line of credit 7,500 - - - - - 7,500 SBA secured borrowing - - - - - 9,396 9,396 Trust preferred securities (1) - - - - - 1,074 1,074 $ 1,382,443 $ 217,288 $ 13,507 $ 1,356 $ 62,964 $ 30,470 $ 1,708,028 (1) The contract value of the trust preferred securities is $ 2.6 |
Income Tax
Income Tax | 3 Months Ended |
Mar. 31, 2023 | |
Income Tax [Abstract] | |
Income Tax | Note 8: An income tax expense reconciliation at the statutory rate to the Company’s Three Months Ended March 31, 2023 2022 (Dollars in thousands) Computed at the statutory rate (21%) $ 4,227 $ 4,413 Increase (decrease) resulting from Tax-exempt income (880) (854) Non-deductible expenses 93 82 State income taxes 632 696 Equity based compensation (45) (169) Other adjustments (6) 20 Actual tax expense $ 4,021 $ 4,188 The tax effects of temporary differences related to deferred taxes located financial condition are presented below: March 31, 2023 December 31, 2022 (Dollars in thousands) Deferred tax assets Net unrealized loss on securities available-for-sale $ 16,285 $ 20,295 Allowance for credit losses 17,372 16,710 Lease incentive 438 451 Loan fees 4,070 4,048 Accrued expenses 1,303 3,379 Deferred compensation 1,735 2,166 Other 1,433 1,469 Total deferred tax asset 42,636 48,518 Deferred tax liability FHLB stock basis (394) (436) Premises and equipment (1,934) (2,042) Other (938) (1,018) Total deferred tax liability (3,266) (3,496) Net deferred tax asset $ 39,370 $ 45,022 |
Change in Accumulated Other Com
Change in Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2023 | |
Change in Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Change in Accumulated Other Comprehensive Income (Loss) | Note 9: Amounts reclassified from AOCI and the affected line items in the consolidated statements of operations during the ended March 31, 2023 and 2022, were as follows: Three Months Ended March 31, Affected Line Item in the 2023 2022 Statements of Operations (Dollars in thousands) Unrealized gains (losses) on available-for-sale securities $ 63 $ (26) Gain (loss) on sale of available- for-sale securities Less: tax expense (benefit) effect 15 (6) Income tax expense (benefit) Net reclassified amount $ 48 $ (20) |
Regulatory Matters
Regulatory Matters | 3 Months Ended |
Mar. 31, 2023 | |
Regulatory Matters [Abstract] | |
Regulatory Matters | Note 10: The Company and the Bank are subject to various regulatory capital requirements Failure to meet minimum capital requirements can initiate certain mandatory that, if undertaken, could have a direct material effect on the Company’s as of March 31, 2023, the Company and the Bank met all capital adequacy requirements The capital rules require the Company to maintain a 2.5 % capital conservation buffer with respect to Common Equity Tier I capital, Tier I capital to risk-weighted assets, and total capital to risk-weighted assets, which Considered Adequately Capitalized” within the table below. A financial institution with a conservation buffer of less than the required amount is subject to limitations on capital distributions, including dividend discretionary bonus payments to executive officers. The Company and the Bank opted to exclude AOCI from the regulatory capital calculations. As a result, changes in AOCI, net of tax, do not impact the Company’s or Bank’s regulatory capital ratios. The Company’s and the Bank’s actual capital amounts and ratios as of March the following table: Includes capital conservation buffer of 2.5 % Actual Required to be Considered Well Capitalized Required to be Considered Adequately Capitalized (1) Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) March 31, 2023 Total Capital to Risk-Weighted Assets Consolidated $ 743,690 10.5 % $ 741,502 10.5 % Bank 745,374 10.6 $ 705,775 10.0 % 741,064 10.5 Tier I Capital to Risk-Weighted Assets Consolidated 670,447 9.5 N/A N/A 600,264 8.5 Bank 672,131 9.5 564,620 8.0 599,909 8.5 Common Equity Tier 1 to Risk-Weighted Assets Consolidated 661,622 9.4 494,335 7.0 Bank 672,131 9.5 458,754 6.5 494,043 7.0 Tier I Capital to Average Assets Consolidated 670,447 9.9 N/A N/A 270,441 4.0 Bank $ 672,131 9.9 % $ 338,128 5.0 % $ 270,502 4.0 % December 31, 2022 Total Capital to Risk-Weighted Assets Consolidated $ 715,416 10.5 % $ 714,162 10.5 % Bank 714,300 10.5 $ 679,793 10.0 % 713,783 10.5 Tier I Capital to Risk-Weighted Assets Consolidated 644,953 9.5 N/A N/A 578,131 8.5 Bank 643,837 9.5 543,835 8.0 577,824 8.5 Common Equity Tier 1 to Risk-Weighted Assets Consolidated 643,892 9.5 476,108 7.0 Bank 643,837 9.5 441,866 6.5 475,855 7.0 Tier I Capital to Average Assets Consolidated 644,953 10.3 N/A N/A 249,270 4.0 Bank $ 643,837 10.3 % $ 311,623 5.0 % $ 249,299 4.0 % |
Stock-Based Compensation
Stock-Based Compensation | 3 Months Ended |
Mar. 31, 2023 | |
Stock-Based Compensation [Abstract] | |
Stock-Based Compensation | Note 11: The Company issues stock-based compensation in the form of non-vested appreciation rights under the 2018 Omnibus Equity Incentive Plan (as amended, the tenth anniversary of its effective date. In addition, the Company third quarter of 2020. The aggregate number of shares authorized for future issuance under the 1,218,970 March 31, 2023. The table below summarizes the stock-based compensation for the Three Months Ended March 31, 2023 2022 (Dollars in thousands) Stock appreciation rights $ 99 $ 99 Performance-based stock awards 236 211 Restricted stock units and awards 879 778 Employee stock purchase plan 24 27 Total stock-based compensation $ 1,238 $ 1,115 Performance-Based Restricted Stock Units The Company awards performance-based restricted stock units (“PBRSUs”) to key based shares typically cliff-vest at the end of three years Compensation Committee. The ultimate number of shares issuable under each performance the award payout percentage given the level of achievement. The award payout percentages 0 % of target and 150 % of target. During the three-month period ended March 31, 2023, the Company 128,005 three-year The following table summarizes the status of and changes in the PBRSUs: Performance-Based Restricted Stock Unit Awards Number of Shares Weighted-Average Grant Date Fair Value Unvested, January 1, 2023 134,286 $ 14.52 Granted 128,005 14.13 Vested (20,736) 13.55 Forfeited (5,335) 14.49 Unvested, March 31, 2023 236,220 $ 14.40 Unrecognized stock-based compensation related to the performance 2.7 is expected to be recognized over 2.5 Restricted Stock Units and Restricted Stock Awards The Company issues time-based restricted stock units (“RSUs”) and restricted key officers, employees, and non-employee directors. Awards are typically granted annually as determined by Committee. The service-based RSUs typically vest in equal amounts over three years. The service-based one year . The following table summarizes the status of and changes in the RSUs and RSAs: Restricted Stock Units and Awards Number of Shares Weighted-Average Grant Date Fair Value Unvested, January 1, 2023 416,980 $ 14.13 Granted 264,197 13.96 Vested (141,857) 14.05 Forfeited (11,650) 14.28 Unvested, March 31, 2023 527,670 $ 14.06 Unrecognized stock-based compensation related to the RSUs and RSAs issued through 6.3 expected to be recognized over 2.4 |
Stock Warrants
Stock Warrants | 3 Months Ended |
Mar. 31, 2023 | |
Stock warrants [Abstract] | |
Stock Warrants | Note 12: The Company had 80,000 5.00 March 31, 2023 and December 31, 2022. The 80,000 2023, no |
Earnings Per Common Share
Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 13: Earnings Per Common Share The following table presents the computation of basic and diluted earnings per During March 2023, the Company offered and sold shares of its Series A Non-Cumulative Perpetual Preferred Stock, par value $ 0.01 7.8 No the three months ended March 31, 2023. Three Months Ended March 31, 2023 2022 (Dollars in thousands except per share data) Earnings per Common Share Net income available to common stockholders $ 16,108 $ 16,828 Weighted average common shares 48,635,910 50,251,297 Earnings per common share $ 0.33 $ 0.33 Diluted Earnings per Common Share Net income available to common stockholders $ 16,108 $ 16,828 Weighted average common shares 48,635,910 50,251,297 Effect of dilutive common shares 407,711 659,193 Weighted average dilutive common shares 49,043,621 50,910,490 Diluted earnings per common share $ 0.33 $ 0.33 Stock-based awards not included because to do so would be antidilutive 916,080 285,672 |
Disclosures about Fair Value of
Disclosures about Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2023 | |
Disclosures about Fair Value of Financial Instruments [Abstract] | |
Disclosures about Fair Value of Financial Instruments | Note 14: Fair value is the price that would be received to sell an asset or paid to transfer a liability market participants at the measurement date. Fair value measurements must maximize of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair Level 1 Level 2 markets that are not active; or other inputs that are observable or can be corroborated substantially the full term of the assets or liabilities. Level 3 Recurring Measurements The following list presents the assets and liabilities recognized in the accompanying condition measured at fair value on a recurring basis and the level within the fair fall at March 31, 2023 and December 31, 2022: Non-recurring Measurements The following tables present assets measured at fair value on a non-recurring which the fair value measurements fall at March 31, 2023 and December Following is a description of the valuation methodologies and inputs used for basis and recognized in the accompanying consolidated statements of Collateral-Dependent Loans, Net of ACL The estimated fair value of collateral-dependent loans is based on the appraised sell. If the fair value of the collateral is below the loan’s amortized cost, the ACL is netted against the loan balance. Collateral-dependent loans are classified within Level 3 of the fair value hierarchy. The Company considers the appraisal or evaluation as the starting point for determining factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral dependent obtained when the loan is determined to be collateral dependent and subsequently Officer. Appraisals are reviewed for accuracy and consistency by management. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts by the Office of the Chief Credit Officer by comparison to historical results. Foreclosed Assets Held-for-Sale The fair value of foreclosed assets-held-for-sale is based on the appraised fair value of Unobservable (Level 3) Inputs The following tables present quantitative information about unobservable measurements at March 31, 2023 and December 31, 2022: The following tables present the estimated fair values of the Company’s financial December 31, 2022: Fair Value Description Valuation Hierarchy Level Where Fair Value Balance Can Be Found Available-for- Sale Securities and CRA Equity Security Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Level 2 Note 2: Securities Derivatives Fair value of the interest rate swaps is obtained from independent pricing services based on quoted market prices for similar derivative contracts. Level 2 Note 6: Derivatives and Hedging March 31, 2023 Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) (Dollars in thousands) Collateral-dependent loans $ 6,628 $ - $ - $ 6,628 Foreclosed assets held-for-sale $ 880 $ - $ - $ 880 December 31, 2022 Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) (Dollars in thousands) Collateral-dependent impaired loans $ 8,728 $ - $ - $ 8,728 Foreclosed assets held-for-sale $ 1,745 $ - $ - $ 1,745 March 31, 2023 Fair Value Valuation Techniques Unobservable Inputs Range (Weighted Average) (Dollars in thousands) $ Market comparable properties Marketability discount 4 % - 6 % Collateral dependent loans 6,628 ( 6 )% $ Market comparable properties Marketability discount 10 % Foreclosed assets held-for-sale 880 ( 10 )% December 31, 2022 Fair Value Valuation Techniques Unobservable Inputs Range (Weighted Average) (Dollars in thousands) $ Market comparable properties Marketability discount - % - 100 % Collateral-dependent impaired loans 8,728 ( 13 )% $ Market comparable properties Marketability discount 10% Foreclosed assets held-for-sale 1,745 ( 10 )% March 31, 2023 Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets Cash and cash equivalents $ 262,971 $ 262,971 $ - $ - Available-for-sale securities 751,251 - 751,251 - Loans, net of allowance for credit losses 5,582,509 - - 5,587,995 Restricted equity securities 16,700 - - 16,700 Interest receivable 30,385 - 30,385 - Equity securities 3,242 - - 3,242 Derivative assets 7,907 - 7,907 - Financial Liabilities Deposits $ 5,837,314 $ 969,701 $ - $ 4,879,677 Federal Home Loan Bank line of credit 183,437 - 183,437 - Federal Home Loan Bank advances 130,594 - 125,909 - Other borrowings 17,970 - 18,382 - Interest payable 9,571 - 9,571 - Derivative liabilities 11,791 - 11,791 - December 31, 2022 Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets Cash and cash equivalents $ 300,138 $ 300,138 $ - $ - Available-for-sale securities 769,641 - 686,901 - Loans, net of allowance for loan losses 5,310,954 - - 5,307,607 Restricted equity securities 12,536 - - 12,536 Interest receivable 29,507 - 29,507 - Equity securities 2,870 - - 2,870 Derivative assets 11,038 - 11,038 - Financial Liabilities Deposits $ 5,651,308 $ 1,400,260 $ - $ 4,142,673 Federal funds purchased and repurchase agreements 74,968 - 74,968 - Federal Home Loan Bank advances 143,143 - 135,086 - Other borrowings 35,457 - 36,529 - Interest payable 5,713 - 5,713 - Derivative liabilities 16,442 - 16,442 - |
Commitments and Credit Risk
Commitments and Credit Risk | 3 Months Ended |
Mar. 31, 2023 | |
Commitments and Credit Risk [Abstract] | |
Commitments and Credit Risk | Note 15: Commitments The Company had the following commitments at March 31, 2023 March 31, 2023 December 31, 2022 (Dollars in thousands) Commitments to originate loans $ 202,975 $ 134,961 Standby letters of credit 65,124 66,889 Lines of credit 2,528,595 2,705,730 Future lease commitments 1,888 1,888 Commitments related to investment fund 3,032 3,403 $ 2,801,614 $ 2,912,871 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 16: On April 21, 2023, the Company announced its entry into a definitive agreement under which the Company will acquire Bancorporation, Inc. and its wholly owned subsidiary, Canyon Community transaction. CrossFirst Bankshares, Inc. and Canyon Community Bank, N.A. with and Arizona. The transaction is currently expected to close in the second half of 2023, well as the satisfaction or waiver of customary closing conditions. On April 21, 2023, the Company’s remaining 80,000 Warrants” for additional information about these warrants. |
Nature of Operations and Summ_2
Nature of Operations and Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Nature of Operations and Summary of Significant Accounting Policies [Abstract] | |
Organization and Nature of Operations | Organization and Nature of Operations CrossFirst Bankshares, Inc. (the “Company”) is a bank holding company whose principal activities management of its wholly-owned subsidiary, CrossFirst Bank (the three CrossFirst Investments, Inc. (“CFI”), which holds investments in marketable The Bank is primarily engaged in providing a full range of banking and financial through its branches in: (i) Leawood, Kansas; (ii) Wichita, Kansas; (iii) Kansas City, Missouri; Tulsa, Oklahoma; (vi) Dallas, Texas; (vii) Fort Worth, Texas; (viii) Frisco, Texas; (ix) Phoenix, Arizona; (x) Colorado Springs, Colorado; (xi) Denver, Colorado; and (xii) Clayton, New Mexico. |
Basis of Presentation | Basis of Presentation The accompanying interim unaudited consolidated financial statements serve Report on Form 10-K for the year ended December 31, 2022 and include the accounts of and CFBSA II, LLC. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) and where applicable, prescribed by bank regulatory agencies. However, they may not include of financial statements under GAAP applicable to annual periods and accordingly should be read information contained in the Company's most recent Annual Report on Form 10-K. The unaudited consolidated financial reflect all adjustments which are, in the opinion of management, necessary for a fair adjustments are of a normal recurring nature. All significant intercompany balances and transactions have consolidation. Certain reclassifications of prior years' amounts are made whenever The results of operations for the interim period are not necessarily indicative of the other interim period. All amounts are in thousands, except share data, or as otherwise noted. GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and disclosures of contingent assets and liabilities. By their nature, estimates are based on has made significant estimates in certain areas, such as the fair values of financial (“ACL”). Because of the inherent uncertainties associated with any estimation conditions, it is possible that actual results could differ significantly from those estimates. The Company's significant accounting policies followed in the preparation of disclosed in Note 1 of the audited financial statements and notes for the year ended Company's Annual Report on Form 10-K for that period. There have been no significant changes to the application of accounting policies since December 31, 2022 other than those noted below : |
Related Party Transactions | Related Party Transactions The Bank extends credit and receives deposits from related parties. In management’s in the ordinary course of business and made on similar terms as those prevailing totaled $ 11 13 129 and $ 92 |
Accounting Pronouncements Implemented | Accounting Pronouncements Implemented ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Background – ASU 2022-02 provides new guidance on (i) troubled debt restructurings (“TDRs”) and (ii) vintage disclosures gross write-offs. The update eliminates the accounting guidance for TDRs and requires a company to determine results in a new loan or a continuation of an existing loan. The update enhances the required made to borrowers experiencing financial difficulty. In addition, the update by year of origination for financing receivables. For the Company, the Impact of adoption adoption of this ASU did not impact our consolidated financial statements. offs are included within “Note 3: Loans and Allowance for Credit Losses.” |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Securities [Abstract] | |
Schedule of Available-for-sale Securities Reconciliation | March 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Approximate Fair Value (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 274,895 $ 2,110 $ 22,356 $ 254,649 Collateralized mortgage obligations - GSE residential 10,989 - 604 10,385 State and political subdivisions 523,464 1,449 47,771 477,142 Corporate bonds 9,754 - 679 9,075 Total available-for-sale securities $ 819,102 $ 3,559 $ 71,410 $ 751,251 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Approximate Fair Value (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 197,243 $ 232 $ 25,166 $ 172,309 Collateralized mortgage obligations - GSE residential 11,629 - 743 10,886 State and political subdivisions 551,007 929 57,440 494,496 Corporate bonds 9,762 - 552 9,210 Total available-for-sale securities $ 769,641 $ 1,161 $ 83,901 $ 686,901 |
Investments Classified by Contractual Maturity Date | March 31, 2023 Within After One to After Five to After One Year Five Years Ten Years Ten Years Total (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential (1) Amortized cost $ - $ 17 $ 91 $ 274,787 $ 274,895 Estimated fair value $ - $ 17 $ 88 $ 254,544 $ 254,649 Weighted average yield (2) - % 4.82 % 4.02 % 3.14 % 3.14 % Collateralized mortgage obligations - GSE residential (1) Amortized cost $ - $ - $ 2,322 $ 8,667 $ 10,989 Estimated fair value $ - $ - $ 2,235 $ 8,150 $ 10,385 Weighted average yield (2) - % - % 2.75 % 2.25 % 2.36 % State and political subdivisions Amortized cost $ 1,075 $ 7,962 $ 90,970 $ 423,457 $ 523,464 Estimated fair value $ 1,078 $ 8,158 $ 90,981 $ 376,925 $ 477,142 Weighted average yield (2) 3.71 % 4.32 % 2.96 % 2.68 % 2.76 % Corporate bonds Amortized cost $ - $ 149 $ 9,605 $ - $ 9,754 Estimated fair value $ - $ 146 $ 8,929 $ - $ 9,075 Weighted average yield (2) - % 4.09 % 5.71 % - % 5.68 % Total available-for-sale securities Amortized cost $ 1,075 $ 8,128 $ 102,988 $ 706,911 $ 819,102 Estimated fair value $ 1,078 $ 8,321 $ 102,233 $ 639,619 $ 751,251 Weighted average yield (2) 3.71 % 4.32 % 3.21 % 2.85 % 2.92 % Actual maturities may differ from contractual maturities because issuers may have without prepayment penalties. (2) Yields are calculated based on amortized cost using 30/360 day basis. |
Schedule of Unrealized Loss on Investments | March 31, 2023 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 13,935 $ 562 20 $ 133,560 $ 21,794 36 $ 147,495 $ 22,356 56 Collateralized mortgage obligations - GSE residential 2,235 88 1 8,150 516 18 10,385 604 19 State and political subdivisions 142,418 2,633 105 210,220 45,138 151 352,638 47,771 256 Corporate bonds 4,861 251 2 4,213 428 3 9,074 679 5 Total temporarily impaired securities $ 163,449 $ 3,534 128 $ 356,143 $ 67,876 208 $ 519,592 $ 71,410 336 December 31, 2022 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities (Dollars in thousands) Available-for-sale securities Mortgage-backed - GSE residential $ 91,929 $ 10,410 41 $ 66,036 $ 14,756 16 $ 157,965 $ 25,166 57 Collateralized mortgage obligations - GSE residential 10,636 733 18 251 10 1 10,887 743 19 State and political subdivisions 350,884 36,697 266 52,519 20,743 40 403,403 57,440 306 Corporate bonds 9,210 552 5 - - - 9,210 552 5 Total temporarily impaired securities $ 462,659 $ 48,392 330 $ 118,806 $ 35,509 57 $ 581,465 $ 83,901 387 |
Available-for-sale, Net Realized Gain | For the Three Months Ended March 31, 2023 Gross Realized Gains Gross Realized Losses Net Realized Gain (Dollars in thousands) Available-for-sale securities $ 193 $ (130) $ 63 For the Three Months Ended March 31, 2022 Gross Realized Gains Gross Realized Losses Net Realized Loss (Dollars in thousands) Available-for-sale securities $ 1 $ (27) $ (26) |
Gain (Loss) on Securities | Three Months Ended March 31, 2023 2022 (Dollars in thousands) Net gains (losses) recognized during the reporting period on equity $ 10 $ (103) Less: net gains recognized during the reporting period on equity securities sold - - Unrealized gains (losses) recognized during the reporting period on equity securities date $ 10 $ (103) |
Loans and Allowance for Credi_2
Loans and Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Loans and Allowance for credit losses [Abstract] | |
Category of Loans | March 31, 2023 December 31, 2022 Amount % of Loans Amount % of Loans (Dollars in thousands) Commercial and industrial $ 986,636 17 % $ 1,017,678 19 % Commercial and industrial lines of credit 1,047,280 19 957,254 18 Energy 193,859 3 173,218 3 Commercial real estate 1,808,888 33 1,718,947 32 Construction and land development 845,085 15 794,788 15 Residential real estate 412,334 7 409,124 8 Multifamily real estate 295,469 5 237,984 4 Consumer 58,088 1 63,736 1 Loans, net of unearned 5,647,639 100 % 5,372,729 100 % Less: allowance for credit losses on loans 65,130 61,775 Loans, net of the allowance for credit losses on loans $ 5,582,509 $ 5,310,954 |
Company's Loan Portfolio Internal Rating Categories Loan Segments | As of March 31, 2023 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial and industrial Pass $ 111,407 $ 379,176 $ 224,316 $ 54,865 $ 48,014 $ 64,730 $ - $ 27,044 $ 909,552 Special mention 12,388 5,826 19,996 13,802 795 318 - 33 53,158 Substandard - accrual - 69 125 1,566 1,152 1,019 - 19,786 23,717 Substandard - non- accrual - - - - - 11 - 198 209 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 123,795 $ 385,071 $ 244,437 $ 70,233 $ 49,961 $ 66,078 $ - $ 47,061 $ 986,636 Commercial and industrial Pass $ - $ - $ - $ - $ - $ - $ 973,052 $ - $ 973,052 Special mention - - - - - - 49,569 - 49,569 Substandard - accrual - - - - - - 18,594 - 18,594 Substandard - non- accrual - - - - - - 6,065 - 6,065 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ 1,047,280 $ - $ 1,047,280 Energy Pass $ - $ 7,481 $ 206 $ 192 $ - $ - $ 185,262 $ 160 $ 193,301 Special mention - - - - - - - - - Substandard - accrual - - - - - - - - - Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - 558 - 558 Loss - - - - - - - - - Total $ - $ 7,481 $ 206 $ 192 $ - $ - $ 185,820 $ 160 $ 193,859 As of March 31, 2023 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial real estate Pass $ 65,310 $ 437,240 $ 287,175 $ 153,430 $ 128,097 $ 135,622 $ 411,771 $ 101,002 $ 1,719,647 Special mention 9,833 12,446 5,945 555 1,204 13,815 4,243 27,476 75,517 Substandard - accrual - 10,238 - 550 81 385 - - 11,254 Substandard - non- accrual - - 2,470 - - - - - 2,470 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 75,143 $ 459,924 $ 295,590 $ 154,535 $ 129,382 $ 149,822 $ 416,014 $ 128,478 $ 1,808,888 Construction and land development Pass $ 96,933 $ 395,906 $ 212,418 $ 70,749 $ 9,960 $ 1,603 $ 49,228 $ - $ 836,797 Special mention - - 7,624 - - - - - 7,624 Substandard - accrual - 226 - - - - 438 - 664 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 96,933 $ 396,132 $ 220,042 $ 70,749 $ 9,960 $ 1,603 $ 49,666 $ - $ 845,085 Residential real estate Pass $ 6,195 $ 77,458 $ 86,022 $ 118,328 $ 44,628 $ 68,535 $ 3,950 $ - $ 405,116 Special mention 253 - 3,253 182 212 - - - 3,900 Substandard - accrual - - - 3,130 - - - - 3,130 Substandard - non- accrual - - - - - - - 188 188 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 6,448 $ 77,458 $ 89,275 $ 121,640 $ 44,840 $ 68,535 $ 3,950 $ 188 $ 412,334 As of March 31, 2023 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Multifamily real estate Pass $ 22,508 $ 112,051 $ 39,983 $ 7,490 $ 11,869 $ 3,178 $ 98,355 $ - $ 295,434 Special mention - - - - - - - 35 35 Substandard - accrual - - - - - - - - - Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 22,508 $ 112,051 $ 39,983 $ 7,490 $ 11,869 $ 3,178 $ 98,355 $ 35 $ 295,469 Consumer Pass $ 397 $ 7,016 $ 707 $ 133 $ 255 $ 130 $ 49,407 $ - $ 58,045 Special mention - - - - - 8 - - 8 Substandard - accrual - - - 30 - 5 - - 35 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 397 $ 7,016 $ 707 $ 163 $ 255 $ 143 $ 49,407 $ - $ 58,088 Total Pass $ 302,750 $ 1,416,328 $ 850,827 $ 405,187 $ 242,823 $ 273,798 $ 1,771,025 $ 128,206 $ 5,390,944 Special mention 22,474 18,272 36,818 14,539 2,211 14,141 53,812 27,544 189,811 Substandard - accrual - 10,533 125 5,276 1,233 1,409 19,032 19,786 57,394 Substandard - non- accrual - - 2,470 - - 11 6,065 386 8,932 Doubtful - - - - - - 558 - 558 Loss - - - - - - - - - Total $ 325,224 $ 1,445,133 $ 890,240 $ 425,002 $ 246,267 $ 289,359 $ 1,850,492 $ 175,922 $ 5,647,639 As of December 31, 2022 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial and industrial Pass $ 465,963 $ 281,166 $ 55,934 $ 50,445 $ 48,595 $ 20,648 $ - $ 19,089 $ 941,840 Special mention 2,531 23,055 14,573 2,951 4,947 86 - 41 48,184 Substandard - accrual 290 677 1,647 1,330 740 299 - 21,166 26,149 Substandard - non- accrual - 104 - 6 1,383 - - - 1,493 Doubtful - - - - - - - - - Loss - - - - - 12 - - 12 Total $ 468,784 $ 305,002 $ 72,154 $ 54,732 $ 55,665 $ 21,045 $ - $ 40,296 $ 1,017,678 Commercial and industrial lines of credit Pass $ - $ - $ - $ - $ - $ - $ 890,109 $ - $ 890,109 Special mention - - - - - - 49,861 - 49,861 Substandard - accrual - - - - - - 10,805 - 10,805 Substandard - non- accrual - - - - - - 6,479 - 6,479 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ 957,254 $ - $ 957,254 Energy Pass $ 7,585 $ 306 $ 228 $ - $ - $ - $ 162,834 $ 171 $ 171,124 Special mention - - - - - - - - - Substandard - accrual - - - - - - 1,476 - 1,476 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - 618 - 618 Loss - - - - - - - - - Total $ 7,585 $ 306 $ 228 $ - $ - $ - $ 164,928 $ 171 $ 173,218 As of December 31, 2022 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Commercial real estate Pass $ 474,901 $ 276,403 $ 156,553 $ 119,643 $ 73,989 $ 84,460 $ 350,732 $ 108,837 $ 1,645,518 Special mention 23,223 6,603 566 1,330 6,558 4,339 2,429 12,285 57,333 Substandard - accrual 10,388 - 547 82 60 1,548 - 992 13,617 Substandard - non- accrual - 2,479 - - - - - - 2,479 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 508,512 $ 285,485 $ 157,666 $ 121,055 $ 80,607 $ 90,347 $ 353,161 $ 122,114 $ 1,718,947 Construction and land development Pass $ 346,429 $ 266,557 $ 93,229 $ 19,866 $ 1,497 $ 9,053 $ 49,500 $ - $ 786,131 Special mention - 7,727 - - - - - - 7,727 Substandard - accrual 157 310 463 - - - - - 930 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 346,586 $ 274,594 $ 93,692 $ 19,866 $ 1,497 $ 9,053 $ 49,500 $ - $ 794,788 Residential real estate Pass $ 77,416 $ 84,158 $ 121,078 $ 45,265 $ 37,395 $ 34,852 $ 1,649 $ - $ 401,813 Special mention 253 3,272 187 226 - - - - - 3,938 Substandard - accrual 34 - 3,148 - - - - - 3,182 Substandard - non- accrual - - - - - - - 191 191 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 77,703 $ 87,430 $ 124,413 $ 45,491 $ 37,395 $ 34,852 $ 1,649 $ 191 $ 409,124 As of December 31, 2022 Amortized Cost Basis by Origination Year and Internal Risk Rating Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving Loans Revolving Loans converted to Term Loans Total (Dollars in thousands) Multifamily real estate Pass $ 85,785 $ 26,705 $ 6,915 $ 11,938 $ 2,491 $ 726 $ 86,879 $ 16,509 $ 237,948 Special mention - - - - - - - 36 36 Substandard - accrual - - - - - - - - - Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 85,785 $ 26,705 $ 6,915 $ 11,938 $ 2,491 $ 726 $ 86,879 $ 16,545 $ 237,984 Consumer Pass $ 7,917 $ 1,347 $ 2,611 $ 265 $ 129 $ 6 $ 51,416 $ - $ 63,691 Special mention - - - - 8 - - - 8 Substandard - accrual - - 32 - 5 - - - 37 Substandard - non- accrual - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 7,917 $ 1,347 $ 2,643 $ 265 $ 142 $ 6 $ 51,416 $ - $ 63,736 Total Pass $ 1,465,996 $ 936,642 $ 436,548 $ 247,422 $ 164,096 $ 149,745 $ 1,593,119 $ 144,606 $ 5,138,174 Special mention 26,007 40,657 15,326 4,507 11,513 4,425 52,290 12,362 167,087 Substandard - accrual 10,869 987 5,837 1,412 805 1,847 12,281 22,158 56,196 Substandard - non- accrual - 2,583 - 6 1,383 - 6,479 191 10,642 Doubtful - - - - - - 618 - 618 Loss - - - - - 12 - - 12 Total $ 1,502,872 $ 980,869 $ 457,711 $ 253,347 $ 177,797 $ 156,029 $ 1,664,787 $ 179,317 $ 5,372,729 |
Loans, Loan Aging Analysis | As of March 31, 2023 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial and industrial 30-59 days $ - $ 70 $ 142 $ - $ - $ - $ - $ 1,915 $ 2,127 60-89 days - - - - - - - - - Greater than 90 days - - 2 148 - 11 - - 161 Total past due - 70 144 148 - 11 - 1,915 2,288 Current 123,795 385,001 244,293 70,085 49,961 66,067 - 45,146 984,348 Total $ 123,795 $ 385,071 $ 244,437 $ 70,233 $ 49,961 $ 66,078 $ - $ 47,061 $ 986,636 Greater than 90 days and accruing $ - $ - $ 2 $ 148 $ - $ - $ - $ - $ 150 Commercial and industrial lines of credit 30-59 days $ - $ - $ - $ - $ - $ - $ 2,510 $ - $ 2,510 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 6,679 - 6,679 Total past due - - - - - - 9,189 - 9,189 Current - - - - - - 1,038,091 - 1,038,091 Total $ - $ - $ - $ - $ - $ - $ 1,047,280 $ - $ 1,047,280 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ 613 $ - $ 613 Energy 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 558 - 558 Total past due - - - - - - 558 - 558 Current - 7,481 206 192 - - 185,262 160 193,301 Total $ - $ 7,481 $ 206 $ 192 $ - $ - $ 185,820 $ 160 $ 193,859 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - As of March 31, 2023 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial real estate 30-59 days $ - $ 190 $ - $ - $ - $ 214 $ - $ - $ 404 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 100 - 100 Total past due - 190 - - - 214 100 - 504 Current 75,143 459,734 295,590 154,535 129,382 149,608 415,914 128,478 1,808,384 Total $ 75,143 $ 459,924 $ 295,590 $ 154,535 $ 129,382 $ 149,822 $ 416,014 $ 128,478 $ 1,808,888 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ 100 $ - $ 100 Construction and land development 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - - - - - - - Current 96,933 396,132 220,042 70,749 9,960 1,603 49,666 - 845,085 Total $ 96,933 $ 396,132 $ 220,042 $ 70,749 $ 9,960 $ 1,603 $ 49,666 $ - $ 845,085 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential real estate 30-59 days $ - $ 8 $ - $ - $ - $ - $ - $ - $ 8 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - 8 - - - - - - 8 Current 6,448 77,450 89,275 121,640 44,840 68,535 3,950 188 412,326 Total $ 6,448 $ 77,458 $ 89,275 $ 121,640 $ 44,840 $ 68,535 $ 3,950 $ 188 $ 412,334 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - As of March 31, 2023 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Multifamily real estate 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - - - - - - - Current 22,508 112,051 39,983 7,490 11,869 3,178 98,355 35 295,469 Total $ 22,508 $ 112,051 $ 39,983 $ 7,490 $ 11,869 $ 3,178 $ 98,355 $ 35 $ 295,469 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer 30-59 days $ - $ - $ 5 $ - $ - $ - $ - $ - $ 5 60-89 days - 1 - 1 - - - - 2 Greater than 90 days - - - - - 5 - - 5 Total past due - 1 5 1 - 5 - - 12 Current 397 7,015 702 162 255 138 49,407 - 58,076 Total $ 397 $ 7,016 $ 707 $ 163 $ 255 $ 143 $ 49,407 $ - $ 58,088 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ 5 $ - $ - $ 5 Total 30-59 days $ - $ 268 $ 147 $ - $ - $ 214 $ 2,510 $ 1,915 $ 5,054 60-89 days - 1 - 1 - - - - 2 Greater than 90 days - - 2 148 - 16 7,337 - 7,503 Total past due - 269 149 149 - 230 9,847 1,915 12,559 Current 325,224 1,444,864 890,091 424,853 246,267 289,129 1,840,645 174,007 5,635,080 Total $ 325,224 $ 1,445,133 $ 890,240 $ 425,002 $ 246,267 $ 289,359 $ 1,850,492 $ 175,922 $ 5,647,639 Greater than 90 days and accruing $ - $ - $ 2 $ 148 $ - $ 5 $ 713 $ - $ 868 As of December 31, 2022 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial and industrial 30-59 days $ 20 $ 4,784 $ - $ - $ - $ 1,049 $ - $ - $ 5,853 60-89 days - 55 - - - - - 430 485 Greater than 90 days - 143 7 6 1,383 12 - - 1,551 Total past due 20 4,982 7 6 1,383 1,061 - 430 7,889 Current 468,764 300,020 72,147 54,726 54,282 19,984 - 39,866 1,009,789 Total $ 468,784 $ 305,002 $ 72,154 $ 54,732 $ 55,665 $ 21,045 $ - $ 40,296 $ 1,017,678 Greater than 90 days and accruing $ - $ 39 $ 7 $ - $ - $ - $ - $ - $ 46 Commercial and industrial lines of credit 30-59 days $ - $ - $ - $ - $ - $ - $ 2,814 $ - $ 2,814 60-89 days - - - - - - 980 - 980 Greater than 90 days - - - - - - 7,063 - 7,063 Total past due - - - - - - 10,857 - 10,857 Current - - - - - - 946,397 - 946,397 Total $ - $ - $ - $ - $ - $ - $ 957,254 $ - $ 957,254 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ 584 $ - $ 584 Energy 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - 618 - 618 Total past due - - - - - - 618 - 618 Current 7,585 306 228 - - - 164,310 171 172,600 Total $ 7,585 $ 306 $ 228 $ - $ - $ - $ 164,928 $ 171 $ 173,218 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - As of December 31, 2022 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Commercial real estate 30-59 days $ - $ - $ - $ 1,180 $ - $ - $ - $ - $ 1,180 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - 1,180 - - - - 1,180 Current 508,512 285,485 157,666 119,875 80,607 90,347 353,161 122,114 1,717,767 Total $ 508,512 $ 285,485 $ 157,666 $ 121,055 $ 80,607 $ 90,347 $ 353,161 $ 122,114 $ 1,718,947 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction and land development 30-59 days $ 4,293 $ - $ - $ - $ - $ - $ - $ - $ 4,293 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due 4,293 - - - - - - - 4,293 Current 342,293 274,594 93,692 19,866 1,497 9,053 49,500 - 790,495 Total $ 346,586 $ 274,594 $ 93,692 $ 19,866 $ 1,497 $ 9,053 $ 49,500 $ - $ 794,788 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential real estate 30-59 days $ - $ 3,867 $ - $ 10 $ - $ - $ - $ - $ 3,877 60-89 days - - - - - - - - - Greater than 90 days - 120 - - - - - - 120 Total past due - 3,987 - 10 - - - - 3,997 Current 77,703 83,443 124,413 45,481 37,395 34,852 1,649 191 405,127 Total $ 77,703 $ 87,430 $ 124,413 $ 45,491 $ 37,395 $ 34,852 $ 1,649 $ 191 $ 409,124 Greater than 90 days and accruing $ - $ 120 $ - $ - $ - $ - $ - $ - $ 120 As of December 31, 2022 Amortized Cost Basis by Origination Year and Past Due Status Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total (Dollars in thousands) Multifamily real estate 30-59 days $ - $ - $ - $ - $ - $ - $ - $ - $ - 60-89 days - - - - - - - - - Greater than 90 days - - - - - - - - - Total past due - - - - - - - - - Current 85,785 26,705 6,915 11,938 2,491 726 86,879 16,545 237,984 Total $ 85,785 $ 26,705 $ 6,915 $ 11,938 $ 2,491 $ 726 $ 86,879 $ 16,545 $ 237,984 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer 30-59 days $ - $ - $ - $ - $ - $ - $ 30 $ - $ 30 60-89 days - - 2 - 5 - - - 7 Greater than 90 days - - - - - - - - - Total past due - - 2 - 5 - 30 - 37 Current 7,917 1,347 2,641 265 137 6 51,386 - 63,699 Total $ 7,917 $ 1,347 $ 2,643 $ 265 $ 142 $ 6 $ 51,416 $ - $ 63,736 Greater than 90 days and accruing $ - $ - $ - $ - $ - $ - $ - $ - $ - Total 30-59 days $ 4,313 $ 8,651 $ - $ 1,190 $ - $ 1,049 $ 2,844 $ - $ 18,047 60-89 days - 55 2 - 5 - 980 430 1,472 Greater than 90 days - 263 7 6 1,383 12 7,681 - 9,352 Total past due 4,313 8,969 9 1,196 1,388 1,061 11,505 430 28,871 Current 1,498,559 971,900 457,702 252,151 176,409 154,968 1,653,282 178,887 5,343,858 Total $ 1,502,872 $ 980,869 $ 457,711 $ 253,347 $ 177,797 $ 156,029 $ 1,664,787 $ 179,317 $ 5,372,729 Greater than 90 days and accruing $ - $ 159 $ 7 $ - $ - $ - $ 584 $ - $ 750 |
Loans, Nonaccrual | As of March 31, 2023 Amortized Cost Basis by Origination Year and On Non-accrual Amortized Cost Basis 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Total Non- accrual Loans Non-accrual Loans with no related Allowance (Dollars in thousands) Commercial and industrial $ - $ - $ - $ - $ - $ 11 $ - $ 198 $ 209 $ 209 Commercial and industrial lines of credit - - - - - - 6,065 - 6,065 6,065 Energy - - - - - - 558 - 558 558 Commercial real estate - - 2,470 - - - - - 2,470 2,470 Construction and land development - - - - - - - - - - Residential real estate - - - - - - - 188 188 188 Multifamily real estate - - - - - - - - - - Consumer - - - - - - - - - - Total $ - $ - $ 2,470 $ - $ - $ 11 $ 6,623 $ 386 $ 9,490 $ 9,490 As of December 31, 2022 Amortized Cost Basis by Origination Year and On Non-accrual Amortized Cost Basis 2022 2021 2020 2019 2018 2017 and Prior Revolving loans Revolving loans converted to term loans Total Non- accrual Loans Non-accrual Loans with no related Allowance (Dollars in thousands) Commercial and industrial $ - $ 104 $ - $ 6 $ 1,383 $ 12 $ - $ - $ 1,505 $ 1,505 Commercial and industrial lines of credit - - - - - - 6,479 - 6,479 6,479 Energy - - - - - - 618 - 618 618 Commercial real estate - 2,479 - - - - - - 2,479 2,479 Construction and land development - - - - - - - - - - Residential real estate - - - - - - - 191 191 191 Multifamily real estate - - - - - - - - - - Consumer - - - - - - - - - - Total $ - $ 2,583 $ - $ 6 $ 1,383 $ 12 $ 7,097 $ 191 $ 11,272 $ 11,272 |
Loans, Allowance for Credit Losses | For the Three Months Ended March 31, 2023 Commercial and Industrial Commercial and Industrial Lines of Credit Energy Commercial Real Estate Construction and Land Development Residential Real Estate Multifamily Real Estate Consumer Total (Dollars in thousands) Allowance for Credit Losses: Beginning balance $ 12,272 $ 14,531 $ 4,396 $ 19,504 $ 5,337 $ 3,110 $ 2,253 $ 372 $ 61,775 Charge-offs (1,642) - - - - - - - (1,642) Recoveries - - - - - - - 1 1 Provision (release) 1,392 676 283 1,259 437 (49) 627 371 4,996 Ending balance $ 12,022 $ 15,207 $ 4,679 $ 20,763 $ 5,774 $ 3,061 $ 2,880 $ 744 $ 65,130 Allowance for Credit Losses on Off-Balance Sheet Credit Exposures: Beginning balance $ 245 $ 74 $ 787 $ 700 $ 6,830 $ 35 $ 14 $ 3 $ 8,688 Provision (release) (71) 213 (246) 12 (506) 16 (5) 12 (575) Ending balance $ 174 $ 287 $ 541 $ 712 $ 6,324 $ 51 $ 9 $ 15 $ 8,113 |
Net Charge-offs By Year of Origination | For the Quarter Ended March 31, 2023 Gross Charge-offs by Origination Year Gross Charge-offs 2023 2022 2021 2020 2019 2018 and Prior Revolving loans Revolving loans converted to term loans Gross Charge- offs (Dollars in thousands) Commercial and industrial $ - $ - $ 70 $ - $ - $ 1,347 $ - $ 225 $ 1,642 Commercial and industrial lines of credit - - - - - - - - - Energy - - - - - - - - - Commercial real estate - - - - - - - - - Construction and land development - - - - - - - - - Residential real estate - - - - - - - - - Multifamily real estate - - - - - - - - - Consumer - - - - - - - - - Total $ - $ - $ 70 $ - $ - $ 1,347 $ - $ 225 $ 1,642 |
Loans, Collateral Dependent Loans | As of March 31, 2023 Loan Segment and Collateral Description Amortized Cost of Collateral Dependent Loans Related Allowance for Credit Losses Amortized Cost of Collateral Dependent Loans with no related Allowance (Dollars in thousands) Commercial and Industrial Lines of Credit All business assets 6,065 - 6,065 Energy Oil and natural gas properties 558 - 558 Consumer Vehicles & other personal assets 5 5 - $ 6,628 $ 5 $ 6,623 As of December 31, 2022 Loan Segment and Collateral Description Amortized Cost of Collateral Dependent Loans Related Allowance for Credit Losses Amortized Cost of Collateral Dependent Loans with no related Allowance (Dollars in thousands) Commercial and Industrial All business assets $ 1,489 $ - $ 1,489 Commercial and Industrial Lines of Credit All business assets 6,492 - 6,492 Energy Oil and natural gas properties 618 - 618 Commercial Real Estate Commercial real estate properties 92 - 92 Consumer Vehicles & other personal assets 39 22 - $ 8,728 $ 22 $ 8,689 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Leases [Abstract] | |
Components of operating lease expense | For the Three Months Ended March 31, 2023 2022 (Dollars in thousands) Finance lease amortization of right-of-use asset $ 70 $ - Finance lease interest on lease liability 69 - Operating lease expense 732 726 Variable lease expense 393 213 Short-term lease expense 5 5 Total lease expense $ 1,269 $ 944 |
Future minimum commitments, Operating lease | Operating Leases Finance Lease (Dollars in thousands) Remainder of 2023 $ 2,821 $ 367 2024 3,289 490 2025 3,309 490 2026 3,350 490 2027 3,340 528 Thereafter 12,619 8,296 Total lease payments $ 28,728 $ 10,661 Less imputed interest 3,350 3,095 Total $ 25,378 $ 7,566 |
Future minimum commitments, Finance Lease | Operating Leases Finance Lease (Dollars in thousands) Remainder of 2023 $ 2,821 $ 367 2024 3,289 490 2025 3,309 490 2026 3,350 490 2027 3,340 528 Thereafter 12,619 8,296 Total lease payments $ 28,728 $ 10,661 Less imputed interest 3,350 3,095 Total $ 25,378 $ 7,566 |
Goodwill and Core Deposit Int_2
Goodwill and Core Deposit Intangible (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Goodwill and Core Deposit Intangible [Abstract] | |
Change in Goodwill and Core Deposit Intangible | Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Dollars in thousands) March 31, 2023 Goodwill $ 12,836 $ - $ 12,836 Core deposit intangible 17,479 2,056 15,423 Total goodwill and intangible assets $ 30,315 $ 2,056 $ 28,259 December 31, 2022 Goodwill $ 12,836 $ - $ 12,836 Core deposit intangible 17,479 1,234 16,245 Total goodwill and intangible assets $ 30,315 $ 1,234 $ 29,081 |
Core Deposit Intangible Future Amortization Expense | Amount Years ending December 31, (Dollars in thousands) For the nine months ending December 31, 2023 $ 2,286 For the year ending December 31, 2024 2,762 For the year ending December 31, 2025 2,436 For the year ending December 31, 2026 2,109 For the year ending December 31, 2027 1,783 |
Derivatives and Hedging (Tables
Derivatives and Hedging (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Derivatives and Hedging [Abstract] | |
Schedule of Derivative Instruments | Asset Derivatives Liability Derivatives Statement of Financial Condition March 31, December 31, Statement of Financial Condition March 31, December 31, Location 2023 2022 Location 2023 2022 (Dollars in thousands) Interest rate products: Derivatives designated as hedging instruments Other assets $ - $ - Interest payable and other liabilities $ 3,883 $ 5,403 Derivatives not designated as hedging instruments Other assets 7,907 11,038 Interest payable and other liabilities 7,908 11,039 Total $ 7,907 $ 11,038 $ 11,791 $ 16,442 |
Schedule of Cash Flow Hedge on Accumulated Other Comprehensive Income | For the Three Months Ended For the Three Months Ended March 31, 2023 March 31, 2022 Location of Gain or (Loss) Recognized from Accumulated Other Comprehensive Income into Income Gain or (Loss) Recognized in OCI on Derivative Gain or (Loss) Recognized in OCI Included Component Gain or (Loss) Recognized in OCI Excluded Component Gain or (Loss) Recognized in OCI on Derivative Gain or (Loss) Recognized in OCI Included Component Gain or (Loss) Recognized in OCI Excluded Component (Dollars in thousands) Derivatives in Cash Flow Hedging Relationships: Interest Rate Products Interest Expense 1,540 1,540 - 2,655 2,655 - Total $ 1,540 $ 1,540 $ - $ 2,655 $ 2,655 $ - |
Time Deposits and Borrowings (T
Time Deposits and Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Time Deposits and Borrowings [Abstract] | |
Schedule of Time Deposit Maturities and Borrowings | March 31, 2023 Within One Year One to Two Years Two to Three Years Three to Four Years Four to Five Years After Five Years Total (Dollars in thousands) Time deposits $ 1,153,933 $ 215,690 $ 2,084 $ 1,356 $ 2,964 $ - $ 1,376,027 FHLB borrowings 37,573 1,598 11,423 - 60,000 20,000 130,594 FHLB line of credit 183,437 - - - - - 183,437 Line of credit 7,500 - - - - - 7,500 SBA secured borrowing - - - - - 9,396 9,396 Trust preferred securities (1) - - - - - 1,074 1,074 $ 1,382,443 $ 217,288 $ 13,507 $ 1,356 $ 62,964 $ 30,470 $ 1,708,028 (1) The contract value of the trust preferred securities is $ 2.6 |
Income Tax (Tables)
Income Tax (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Income Tax [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation | Three Months Ended March 31, 2023 2022 (Dollars in thousands) Computed at the statutory rate (21%) $ 4,227 $ 4,413 Increase (decrease) resulting from Tax-exempt income (880) (854) Non-deductible expenses 93 82 State income taxes 632 696 Equity based compensation (45) (169) Other adjustments (6) 20 Actual tax expense $ 4,021 $ 4,188 |
Schedule of Deferred Tax Assets and Liabilities | March 31, 2023 December 31, 2022 (Dollars in thousands) Deferred tax assets Net unrealized loss on securities available-for-sale $ 16,285 $ 20,295 Allowance for credit losses 17,372 16,710 Lease incentive 438 451 Loan fees 4,070 4,048 Accrued expenses 1,303 3,379 Deferred compensation 1,735 2,166 Other 1,433 1,469 Total deferred tax asset 42,636 48,518 Deferred tax liability FHLB stock basis (394) (436) Premises and equipment (1,934) (2,042) Other (938) (1,018) Total deferred tax liability (3,266) (3,496) Net deferred tax asset $ 39,370 $ 45,022 |
Change in Accumulated Other C_2
Change in Accumulated Other Comprehensive (Loss) Income (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Change in Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income | Amounts reclassified from AOCI and the affected line items in the consolidated statements of operations during the ended March 31, 2023 and 2022, were as follows: Three Months Ended March 31, Affected Line Item in the 2023 2022 Statements of Operations (Dollars in thousands) Unrealized gains (losses) on available-for-sale securities $ 63 $ (26) Gain (loss) on sale of available- for-sale securities Less: tax expense (benefit) effect 15 (6) Income tax expense (benefit) Net reclassified amount $ 48 $ (20) |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Regulatory Matters [Abstract] | |
Regulatory Matters | The Company’s and the Bank’s actual capital amounts and ratios as of March the following table: Includes capital conservation buffer of 2.5 % Actual Required to be Considered Well Capitalized Required to be Considered Adequately Capitalized (1) Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) March 31, 2023 Total Capital to Risk-Weighted Assets Consolidated $ 743,690 10.5 % $ 741,502 10.5 % Bank 745,374 10.6 $ 705,775 10.0 % 741,064 10.5 Tier I Capital to Risk-Weighted Assets Consolidated 670,447 9.5 N/A N/A 600,264 8.5 Bank 672,131 9.5 564,620 8.0 599,909 8.5 Common Equity Tier 1 to Risk-Weighted Assets Consolidated 661,622 9.4 494,335 7.0 Bank 672,131 9.5 458,754 6.5 494,043 7.0 Tier I Capital to Average Assets Consolidated 670,447 9.9 N/A N/A 270,441 4.0 Bank $ 672,131 9.9 % $ 338,128 5.0 % $ 270,502 4.0 % December 31, 2022 Total Capital to Risk-Weighted Assets Consolidated $ 715,416 10.5 % $ 714,162 10.5 % Bank 714,300 10.5 $ 679,793 10.0 % 713,783 10.5 Tier I Capital to Risk-Weighted Assets Consolidated 644,953 9.5 N/A N/A 578,131 8.5 Bank 643,837 9.5 543,835 8.0 577,824 8.5 Common Equity Tier 1 to Risk-Weighted Assets Consolidated 643,892 9.5 476,108 7.0 Bank 643,837 9.5 441,866 6.5 475,855 7.0 Tier I Capital to Average Assets Consolidated 644,953 10.3 N/A N/A 249,270 4.0 Bank $ 643,837 10.3 % $ 311,623 5.0 % $ 249,299 4.0 % |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Stock-Based Compensation [Abstract] | |
Schedule of Stock-based Compensation | The table below summarizes the stock-based compensation for the Three Months Ended March 31, 2023 2022 (Dollars in thousands) Stock appreciation rights $ 99 $ 99 Performance-based stock awards 236 211 Restricted stock units and awards 879 778 Employee stock purchase plan 24 27 Total stock-based compensation $ 1,238 $ 1,115 |
Summary of Status and Changes in Performance-Based Awards | The following table summarizes the status of and changes in the PBRSUs: Performance-Based Restricted Stock Unit Awards Number of Shares Weighted-Average Grant Date Fair Value Unvested, January 1, 2023 134,286 $ 14.52 Granted 128,005 14.13 Vested (20,736) 13.55 Forfeited (5,335) 14.49 Unvested, March 31, 2023 236,220 $ 14.40 |
Summary of Status and Changes in RSUs and RSAs | The following table summarizes the status of and changes in the RSUs and RSAs: Restricted Stock Units and Awards Number of Shares Weighted-Average Grant Date Fair Value Unvested, January 1, 2023 416,980 $ 14.13 Granted 264,197 13.96 Vested (141,857) 14.05 Forfeited (11,650) 14.28 Unvested, March 31, 2023 527,670 $ 14.06 |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings (Loss) Per Share, Basic and Diluted | Three Months Ended March 31, 2023 2022 (Dollars in thousands except per share data) Earnings per Common Share Net income available to common stockholders $ 16,108 $ 16,828 Weighted average common shares 48,635,910 50,251,297 Earnings per common share $ 0.33 $ 0.33 Diluted Earnings per Common Share Net income available to common stockholders $ 16,108 $ 16,828 Weighted average common shares 48,635,910 50,251,297 Effect of dilutive common shares 407,711 659,193 Weighted average dilutive common shares 49,043,621 50,910,490 Diluted earnings per common share $ 0.33 $ 0.33 Stock-based awards not included because to do so would be antidilutive 916,080 285,672 |
Disclosures about Fair Value _2
Disclosures about Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Disclosures about Fair Value of Financial Instruments [Abstract] | |
Schedule of Fair Value Measurements on a Recurring Basis | Fair Value Description Valuation Hierarchy Level Where Fair Value Balance Can Be Found Available-for- Sale Securities and CRA Equity Security Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Level 2 Note 2: Securities Derivatives Fair value of the interest rate swaps is obtained from independent pricing services based on quoted market prices for similar derivative contracts. Level 2 Note 6: Derivatives and Hedging |
Schedule of Fair Value Measurement of Assets on a Nonrecurring Basis | March 31, 2023 Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) (Dollars in thousands) Collateral-dependent loans $ 6,628 $ - $ - $ 6,628 Foreclosed assets held-for-sale $ 880 $ - $ - $ 880 December 31, 2022 Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) (Dollars in thousands) Collateral-dependent impaired loans $ 8,728 $ - $ - $ 8,728 Foreclosed assets held-for-sale $ 1,745 $ - $ - $ 1,745 |
Schedule of Nonrecurring Level 3 Fair Value Measurements | March 31, 2023 Fair Value Valuation Techniques Unobservable Inputs Range (Weighted Average) (Dollars in thousands) $ Market comparable properties Marketability discount 4 % - 6 % Collateral dependent loans 6,628 ( 6 )% $ Market comparable properties Marketability discount 10 % Foreclosed assets held-for-sale 880 ( 10 )% December 31, 2022 Fair Value Valuation Techniques Unobservable Inputs Range (Weighted Average) (Dollars in thousands) $ Market comparable properties Marketability discount - % - 100 % Collateral-dependent impaired loans 8,728 ( 13 )% $ Market comparable properties Marketability discount 10% Foreclosed assets held-for-sale 1,745 ( 10 )% |
Schedule of Estimated Fair Value of Financial Instruments | March 31, 2023 Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets Cash and cash equivalents $ 262,971 $ 262,971 $ - $ - Available-for-sale securities 751,251 - 751,251 - Loans, net of allowance for credit losses 5,582,509 - - 5,587,995 Restricted equity securities 16,700 - - 16,700 Interest receivable 30,385 - 30,385 - Equity securities 3,242 - - 3,242 Derivative assets 7,907 - 7,907 - Financial Liabilities Deposits $ 5,837,314 $ 969,701 $ - $ 4,879,677 Federal Home Loan Bank line of credit 183,437 - 183,437 - Federal Home Loan Bank advances 130,594 - 125,909 - Other borrowings 17,970 - 18,382 - Interest payable 9,571 - 9,571 - Derivative liabilities 11,791 - 11,791 - December 31, 2022 Carrying Fair Value Measurements Amount Level 1 Level 2 Level 3 (Dollars in thousands) Financial Assets Cash and cash equivalents $ 300,138 $ 300,138 $ - $ - Available-for-sale securities 769,641 - 686,901 - Loans, net of allowance for loan losses 5,310,954 - - 5,307,607 Restricted equity securities 12,536 - - 12,536 Interest receivable 29,507 - 29,507 - Equity securities 2,870 - - 2,870 Derivative assets 11,038 - 11,038 - Financial Liabilities Deposits $ 5,651,308 $ 1,400,260 $ - $ 4,142,673 Federal funds purchased and repurchase agreements 74,968 - 74,968 - Federal Home Loan Bank advances 143,143 - 135,086 - Other borrowings 35,457 - 36,529 - Interest payable 5,713 - 5,713 - Derivative liabilities 16,442 - 16,442 - |
Commitments and Credit Risk (Ta
Commitments and Credit Risk (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Commitments and Credit Risk [Abstract] | |
Schedule of Commitments | March 31, 2023 December 31, 2022 (Dollars in thousands) Commitments to originate loans $ 202,975 $ 134,961 Standby letters of credit 65,124 66,889 Lines of credit 2,528,595 2,705,730 Future lease commitments 1,888 1,888 Commitments related to investment fund 3,032 3,403 $ 2,801,614 $ 2,912,871 |
Nature of Operations and Summ_3
Nature of Operations and Summary of Significant Accounting Policies (Details) $ in Millions | 3 Months Ended | |
Mar. 31, 2023 USD ($) Item | Dec. 31, 2022 USD ($) | |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Number of subsidiaries | Item | 3 | |
Related party deposits | $ 129 | $ 92 |
Related party loans | $ 11 | $ 13 |
Securities - Narrative (Details
Securities - Narrative (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Debt and Equity Securities, FV-NI [Line Items] | ||
Accrued interest | $ 6,000,000 | $ 6,000,000 |
Allowance for Credit Loss | 0 | 0 |
Asset Pledged As Collateral | ||
Debt and Equity Securities, FV-NI [Line Items] | ||
Securities pledged as collateral | 17,000,000 | $ 22,000,000 |
Mutual Fund [Member] | ||
Debt and Equity Securities, FV-NI [Line Items] | ||
Equity securities | $ 3,200,000 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Available-for-sale debt securities | ||
Total available-for-sale securities | $ 819,102 | $ 769,641 |
Gross Unrealized Gains | 3,559 | 1,161 |
Gross Unrealized Losses | 71,410 | 83,901 |
Approximate Fair Value | 751,251 | 686,901 |
Mortgage-backed - GSE residential | ||
Available-for-sale debt securities | ||
Total available-for-sale securities | 274,895 | 197,243 |
Gross Unrealized Gains | 2,110 | 232 |
Gross Unrealized Losses | 22,356 | 25,166 |
Approximate Fair Value | 254,649 | 172,309 |
Collateralized mortgage obligations - GSE residential | ||
Available-for-sale debt securities | ||
Total available-for-sale securities | 10,989 | 11,629 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 604 | 743 |
Approximate Fair Value | 10,385 | 10,886 |
State and political subdivisions | ||
Available-for-sale debt securities | ||
Total available-for-sale securities | 523,464 | 551,007 |
Gross Unrealized Gains | 1,449 | 929 |
Gross Unrealized Losses | 47,771 | 57,440 |
Approximate Fair Value | 477,142 | 494,496 |
Corporate bonds | ||
Available-for-sale debt securities | ||
Total available-for-sale securities | 9,754 | 9,762 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 679 | 552 |
Approximate Fair Value | 9,075 | $ 9,210 |
Mutual funds | ||
Equity Securities | ||
Approximate Fair Value | $ 3,200 |
Securities - Amortized Cost a_2
Securities - Amortized Cost and Fair Value by Maturity Date (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Amortized cost | ||
Within one year | $ 1,075 | |
After one to five years | 8,128 | |
After five to ten years | 102,988 | |
After ten years | 706,911 | |
Total available-for-sale securities | 819,102 | $ 769,641 |
Estimated fair value | ||
Within one year | 1,078 | |
After one to five years | 8,321 | |
After five to ten years | 102,233 | |
After ten years | 639,619 | |
Total | $ 751,251 | 686,901 |
Weighted average yield | ||
Within one year | 3.71% | |
After one to five years | 4.32% | |
After five to ten years | 3.21% | |
After ten years | 2.85% | |
Total | 2.92% | |
Mortgage-backed - GSE residential | ||
Amortized cost | ||
After one to five years | $ 17 | |
After five to ten years | 91 | |
After ten years | 274,787 | |
Total available-for-sale securities | 274,895 | 197,243 |
Estimated fair value | ||
After one to five years | 17 | |
After five to ten years | 88 | |
After ten years | 254,544 | |
Total | $ 254,649 | 172,309 |
Weighted average yield | ||
After one to five years | 4.82% | |
After five to ten years | 4.02% | |
After ten years | 3.14% | |
Total | 3.14% | |
Collateralized mortgage obligations - GSE residential | ||
Amortized cost | ||
After five to ten years | $ 2,322 | |
After ten years | 8,667 | |
Total available-for-sale securities | 10,989 | 11,629 |
Estimated fair value | ||
After five to ten years | 2,235 | |
After ten years | 8,150 | |
Total | $ 10,385 | 10,886 |
Weighted average yield | ||
After five to ten years | 2.75% | |
After ten years | 2.25% | |
Total | 2.36% | |
State and political subdivisions | ||
Amortized cost | ||
Within one year | $ 1,075 | |
After one to five years | 7,962 | |
After five to ten years | 90,970 | |
After ten years | 423,457 | |
Total available-for-sale securities | 523,464 | 551,007 |
Estimated fair value | ||
Within one year | 1,078 | |
After one to five years | 8,158 | |
After five to ten years | 90,981 | |
After ten years | 376,925 | |
Total | $ 477,142 | 494,496 |
Weighted average yield | ||
Within one year | 3.71% | |
After one to five years | 4.32% | |
After five to ten years | 2.96% | |
After ten years | 2.68% | |
Total | 2.76% | |
Corporate bonds | ||
Amortized cost | ||
After one to five years | $ 149 | |
After five to ten years | 9,605 | |
Total available-for-sale securities | 9,754 | 9,762 |
Estimated fair value | ||
After one to five years | 146 | |
After five to ten years | 8,929 | |
Total | $ 9,075 | $ 9,210 |
Weighted average yield | ||
After one to five years | 4.09% | |
After five to ten years | 5.71% | |
Total | 5.68% |
Securities - Unrealized Losses
Securities - Unrealized Losses (Details) $ in Thousands | Mar. 31, 2023 USD ($) Securities | Dec. 31, 2022 USD ($) Securities |
Less than 12 Months | ||
Fair Value | $ 163,449 | $ 462,659 |
Unrealized Losses | $ 3,534 | $ 48,392 |
Number of Securities | Securities | 128 | 330 |
12 Months or More | ||
Fair Value | $ 356,143 | $ 118,806 |
Unrealized Losses | $ 67,876 | $ 35,509 |
Number of Securities | Securities | 208 | 57 |
Total | ||
Fair Value | $ 519,592 | $ 581,465 |
Unrealized Losses | $ 71,410 | $ 83,901 |
Number of Securities | Securities | 336 | 387 |
Mortgage-backed - GSE residential | ||
Less than 12 Months | ||
Fair Value | $ 13,935 | $ 91,929 |
Unrealized Losses | $ 562 | $ 10,410 |
Number of Securities | Securities | 20 | 41 |
12 Months or More | ||
Fair Value | $ 133,560 | $ 66,036 |
Unrealized Losses | $ 21,794 | $ 14,756 |
Number of Securities | Securities | 36 | 16 |
Total | ||
Fair Value | $ 147,495 | $ 157,965 |
Unrealized Losses | $ 22,356 | $ 25,166 |
Number of Securities | Securities | 56 | 57 |
Collateralized mortgage obligations - GSE residential | ||
Less than 12 Months | ||
Fair Value | $ 2,235 | $ 10,636 |
Unrealized Losses | $ 88 | $ 733 |
Number of Securities | Securities | 1 | 18 |
12 Months or More | ||
Fair Value | $ 8,150 | $ 251 |
Unrealized Losses | $ 516 | $ 10 |
Number of Securities | Securities | 18 | 1 |
Total | ||
Fair Value | $ 10,385 | $ 10,887 |
Unrealized Losses | $ 604 | $ 743 |
Number of Securities | Securities | 19 | 19 |
State and political subdivisions | ||
Less than 12 Months | ||
Fair Value | $ 142,418 | $ 350,884 |
Unrealized Losses | $ 2,633 | $ 36,697 |
Number of Securities | Securities | 105 | 266 |
12 Months or More | ||
Fair Value | $ 210,220 | $ 52,519 |
Unrealized Losses | $ 45,138 | $ 20,743 |
Number of Securities | Securities | 151 | 40 |
Total | ||
Fair Value | $ 352,638 | $ 403,403 |
Unrealized Losses | $ 47,771 | $ 57,440 |
Number of Securities | Securities | 256 | 306 |
Corporate bonds | ||
Less than 12 Months | ||
Fair Value | $ 4,861 | $ 9,210 |
Unrealized Losses | $ 251 | $ 552 |
Number of Securities | Securities | 2 | 5 |
12 Months or More | ||
Fair Value | $ 4,213 | $ 0 |
Unrealized Losses | $ 428 | $ 0 |
Number of Securities | Securities | 3 | 0 |
Total | ||
Fair Value | $ 9,074 | $ 9,210 |
Unrealized Losses | $ 679 | $ 552 |
Number of Securities | Securities | 5 | 5 |
Securities - Available-for-sale
Securities - Available-for-sale, Net Realized Gain (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Securities [Abstract] | ||
Gross Realized Gains | $ 193 | $ 1 |
Gross Realized Losses | (130) | (27) |
Net Realized Gain (Loss) | $ 63 | $ (26) |
Securities - Equity Securities
Securities - Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Securities [Abstract] | ||
Net gains (losses) recognized during the reporting period on equity securities | $ 10 | $ (103) |
Less: net gains recognized during the reporting period on equity securities sold during the reporting period | 0 | 0 |
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date | $ 10 | $ (103) |
Loans and Allowance for Credi_3
Loans and Allowance for Credit Losses - Narrative (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |||
Carrying value of loans | $ 24,000,000 | $ 24,000,000 | |
Accrued Interest | 24,000,000 | 23,000,000 | |
Drivers of Quarterly Change in the ACL | |||
ACL increase (decrease) | 2,800,000 | ||
Charge-offs | 1,642,000 | ||
Provision expense | 4,421,000 | $ (625,000) | |
Interest income recognized on nonaccrual loans | 500,000 | $ 200,000 | |
Outstanding Balance | 28,700,000 | 30,500,000 | |
Allowance for credit losses on off-balance sheet exposures | 8,113,000 | 8,688,000 | |
Decrease in reserve on unfunded commitments | 600,000 | ||
Loans restructured that qualified as modifications | 0 | ||
Commercial Real Estate | |||
Drivers of Quarterly Change in the ACL | |||
Charge-offs | 0 | ||
Allowance for credit losses on off-balance sheet exposures | 712,000 | 700,000 | |
Energy | |||
Drivers of Quarterly Change in the ACL | |||
Charge-offs | 0 | ||
Allowance for credit losses on off-balance sheet exposures | $ 541,000 | $ 787,000 | |
Commercial | |||
Drivers of Quarterly Change in the ACL | |||
Percentage of loans guranteed | 100% |
Loans and Allowance for Credi_4
Loans and Allowance for Credit Losses - Category of Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 5,647,639 | $ 5,372,729 |
Less: allowance for credit losses | 65,130 | 61,775 |
Loans, net of the allowance for credit losses on loans | $ 5,582,509 | $ 5,310,954 |
Percentage Of Loans | 100% | 100% |
Commercial and Industrial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 986,636 | $ 1,017,678 |
Less: allowance for credit losses | $ 12,022 | $ 12,272 |
Percentage Of Loans | 17% | 19% |
Commercial and Industrial Lines of Credit | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 1,047,280 | $ 957,254 |
Less: allowance for credit losses | $ 15,207 | $ 14,531 |
Percentage Of Loans | 19% | 18% |
Energy | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 193,859 | $ 173,218 |
Less: allowance for credit losses | $ 4,679 | $ 4,396 |
Percentage Of Loans | 3% | 3% |
Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 1,808,888 | $ 1,718,947 |
Less: allowance for credit losses | $ 20,763 | $ 19,504 |
Percentage Of Loans | 33% | 32% |
Construction and Land Development | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 845,085 | $ 794,788 |
Less: allowance for credit losses | $ 5,774 | $ 5,337 |
Percentage Of Loans | 15% | 15% |
Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 412,334 | $ 409,124 |
Less: allowance for credit losses | $ 3,061 | $ 3,110 |
Percentage Of Loans | 7% | 8% |
Multifamily Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 295,469 | $ 237,984 |
Less: allowance for credit losses | $ 2,880 | $ 2,253 |
Percentage Of Loans | 5% | 4% |
Consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans, net of unearned fees | $ 58,088 | $ 63,736 |
Less: allowance for credit losses | $ 744 | $ 372 |
Percentage Of Loans | 1% | 1% |
Loans and Allowance for Credi_5
Loans and Allowance for Credit Losses - Company's Loan Portfolio Internal Rating Categories Loan Segments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | $ 325,224 | $ 1,502,872 |
Fiscal Year Before Latest Fiscal Year | 1,445,133 | 980,869 |
Two Years Before Latest Fiscal Year | 890,240 | 457,711 |
Three Years Before Latest Fiscal Year | 425,002 | 253,347 |
Four Years Before Latest Fiscal Year | 246,267 | 177,797 |
Five Or More Years Before Latest Fiscal Year | 289,359 | 156,029 |
Revolving loans | 1,850,492 | 1,664,787 |
Revolving loans converted to term loans | 175,922 | 179,317 |
Total Loans Receivable | 5,647,639 | 5,372,729 |
Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 2,583 |
Two Years Before Latest Fiscal Year | 2,470 | 0 |
Three Years Before Latest Fiscal Year | 0 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 12 |
Revolving loans | 6,623 | 7,097 |
Revolving loans converted to term loans | 386 | 191 |
Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 302,750 | 1,465,996 |
Fiscal Year Before Latest Fiscal Year | 1,416,328 | 936,642 |
Two Years Before Latest Fiscal Year | 850,827 | 436,548 |
Three Years Before Latest Fiscal Year | 405,187 | 247,422 |
Four Years Before Latest Fiscal Year | 242,823 | 164,096 |
Five Or More Years Before Latest Fiscal Year | 273,798 | 149,745 |
Revolving loans | 1,771,025 | 1,593,119 |
Revolving loans converted to term loans | 128,206 | 144,606 |
Total Loans Receivable | 5,390,944 | 5,138,174 |
Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 22,474 | 26,007 |
Fiscal Year Before Latest Fiscal Year | 18,272 | 40,657 |
Two Years Before Latest Fiscal Year | 36,818 | 15,326 |
Three Years Before Latest Fiscal Year | 14,539 | 4,507 |
Four Years Before Latest Fiscal Year | 2,211 | 11,513 |
Five Or More Years Before Latest Fiscal Year | 14,141 | 4,425 |
Revolving loans | 53,812 | 52,290 |
Revolving loans converted to term loans | 27,544 | 12,362 |
Total Loans Receivable | 189,811 | 167,087 |
Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 10,869 |
Fiscal Year Before Latest Fiscal Year | 10,533 | 987 |
Two Years Before Latest Fiscal Year | 125 | 5,837 |
Three Years Before Latest Fiscal Year | 5,276 | 1,412 |
Four Years Before Latest Fiscal Year | 1,233 | 805 |
Five Or More Years Before Latest Fiscal Year | 1,409 | 1,847 |
Revolving loans | 19,032 | 12,281 |
Revolving loans converted to term loans | 19,786 | 22,158 |
Total Loans Receivable | 57,394 | 56,196 |
Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 2,583 |
Two Years Before Latest Fiscal Year | 2,470 | 0 |
Three Years Before Latest Fiscal Year | 0 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 0 |
Revolving loans | 6,065 | 6,479 |
Revolving loans converted to term loans | 386 | 191 |
Total Loans Receivable | 8,932 | 10,642 |
Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 558 | 618 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 558 | 618 |
Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 12 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 12 |
Commercial and Industrial | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 123,795 | 468,784 |
Fiscal Year Before Latest Fiscal Year | 385,071 | 305,002 |
Two Years Before Latest Fiscal Year | 244,437 | 72,154 |
Three Years Before Latest Fiscal Year | 70,233 | 54,732 |
Four Years Before Latest Fiscal Year | 49,961 | 55,665 |
Five Or More Years Before Latest Fiscal Year | 66,078 | 21,045 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 47,061 | 40,296 |
Total Loans Receivable | 986,636 | 1,017,678 |
Commercial and Industrial | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 104 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 12 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 198 | 0 |
Commercial and Industrial | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 111,407 | 465,963 |
Fiscal Year Before Latest Fiscal Year | 379,176 | 281,166 |
Two Years Before Latest Fiscal Year | 224,316 | 55,934 |
Three Years Before Latest Fiscal Year | 54,865 | 50,445 |
Four Years Before Latest Fiscal Year | 48,014 | 48,595 |
Five Or More Years Before Latest Fiscal Year | 64,730 | 20,648 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 27,044 | 19,089 |
Total Loans Receivable | 909,552 | 941,840 |
Commercial and Industrial | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 12,388 | 2,531 |
Fiscal Year Before Latest Fiscal Year | 5,826 | 23,055 |
Two Years Before Latest Fiscal Year | 19,996 | 14,573 |
Three Years Before Latest Fiscal Year | 13,802 | 2,951 |
Four Years Before Latest Fiscal Year | 795 | 4,947 |
Five Or More Years Before Latest Fiscal Year | 318 | 86 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 33 | 41 |
Total Loans Receivable | 53,158 | 48,184 |
Commercial and Industrial | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 290 |
Fiscal Year Before Latest Fiscal Year | 69 | 677 |
Two Years Before Latest Fiscal Year | 125 | 1,647 |
Three Years Before Latest Fiscal Year | 1,566 | 1,330 |
Four Years Before Latest Fiscal Year | 1,152 | 740 |
Five Or More Years Before Latest Fiscal Year | 1,019 | 299 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 19,786 | 21,166 |
Total Loans Receivable | 23,717 | 26,149 |
Commercial and Industrial | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 104 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 198 | 0 |
Total Loans Receivable | 209 | 1,493 |
Commercial and Industrial | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Commercial and Industrial | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 12 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 12 |
Commercial and Industrial Lines of Credit | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 1,047,280 | 957,254 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 1,047,280 | 957,254 |
Commercial and Industrial Lines of Credit | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 6,065 | 6,479 |
Revolving loans converted to term loans | 0 | 0 |
Commercial and Industrial Lines of Credit | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 973,052 | 890,109 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 973,052 | 890,109 |
Commercial and Industrial Lines of Credit | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 49,569 | 49,861 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 49,569 | 49,861 |
Commercial and Industrial Lines of Credit | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 18,594 | 10,805 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 18,594 | 10,805 |
Commercial and Industrial Lines of Credit | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 6,065 | 6,479 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 6,065 | 6,479 |
Commercial and Industrial Lines of Credit | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Commercial and Industrial Lines of Credit | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Energy | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 7,585 |
Fiscal Year Before Latest Fiscal Year | 7,481 | 306 |
Two Years Before Latest Fiscal Year | 206 | 228 |
Three Years Before Latest Fiscal Year | 192 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 185,820 | 164,928 |
Revolving loans converted to term loans | 160 | 171 |
Total Loans Receivable | 193,859 | 173,218 |
Energy | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 558 | 618 |
Revolving loans converted to term loans | 0 | 0 |
Energy | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 7,585 |
Fiscal Year Before Latest Fiscal Year | 7,481 | 306 |
Two Years Before Latest Fiscal Year | 206 | 228 |
Three Years Before Latest Fiscal Year | 192 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 185,262 | 162,834 |
Revolving loans converted to term loans | 160 | 171 |
Total Loans Receivable | 193,301 | 171,124 |
Energy | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Energy | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 1,476 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 1,476 |
Energy | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Energy | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 558 | 618 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 558 | 618 |
Energy | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Commercial Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 75,143 | 508,512 |
Fiscal Year Before Latest Fiscal Year | 459,924 | 285,485 |
Two Years Before Latest Fiscal Year | 295,590 | 157,666 |
Three Years Before Latest Fiscal Year | 154,535 | 121,055 |
Four Years Before Latest Fiscal Year | 129,382 | 80,607 |
Five Or More Years Before Latest Fiscal Year | 149,822 | 90,347 |
Revolving loans | 416,014 | 353,161 |
Revolving loans converted to term loans | 128,478 | 122,114 |
Total Loans Receivable | 1,808,888 | 1,718,947 |
Commercial Real Estate | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 2,479 |
Two Years Before Latest Fiscal Year | 2,470 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Commercial Real Estate | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 65,310 | 474,901 |
Fiscal Year Before Latest Fiscal Year | 437,240 | 276,403 |
Two Years Before Latest Fiscal Year | 287,175 | 156,553 |
Three Years Before Latest Fiscal Year | 153,430 | 119,643 |
Four Years Before Latest Fiscal Year | 128,097 | 73,989 |
Five Or More Years Before Latest Fiscal Year | 135,622 | 84,460 |
Revolving loans | 411,771 | 350,732 |
Revolving loans converted to term loans | 101,002 | 108,837 |
Total Loans Receivable | 1,719,647 | 1,645,518 |
Commercial Real Estate | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 9,833 | 23,223 |
Fiscal Year Before Latest Fiscal Year | 12,446 | 6,603 |
Two Years Before Latest Fiscal Year | 5,945 | 566 |
Three Years Before Latest Fiscal Year | 555 | 1,330 |
Four Years Before Latest Fiscal Year | 1,204 | 6,558 |
Five Or More Years Before Latest Fiscal Year | 13,815 | 4,339 |
Revolving loans | 4,243 | 2,429 |
Revolving loans converted to term loans | 27,476 | 12,285 |
Total Loans Receivable | 75,517 | 57,333 |
Commercial Real Estate | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 10,388 |
Fiscal Year Before Latest Fiscal Year | 10,238 | 0 |
Two Years Before Latest Fiscal Year | 0 | 547 |
Three Years Before Latest Fiscal Year | 550 | 82 |
Four Years Before Latest Fiscal Year | 81 | 60 |
Five Or More Years Before Latest Fiscal Year | 385 | 1,548 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 992 |
Total Loans Receivable | 11,254 | 13,617 |
Commercial Real Estate | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 2,479 |
Two Years Before Latest Fiscal Year | 2,470 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 2,470 | 2,479 |
Commercial Real Estate | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Commercial Real Estate | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Construction and Land Development | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 96,933 | 346,586 |
Fiscal Year Before Latest Fiscal Year | 396,132 | 274,594 |
Two Years Before Latest Fiscal Year | 220,042 | 93,692 |
Three Years Before Latest Fiscal Year | 70,749 | 19,866 |
Four Years Before Latest Fiscal Year | 9,960 | 1,497 |
Five Or More Years Before Latest Fiscal Year | 1,603 | 9,053 |
Revolving loans | 49,666 | 49,500 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 845,085 | 794,788 |
Construction and Land Development | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Construction and Land Development | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 96,933 | 346,429 |
Fiscal Year Before Latest Fiscal Year | 395,906 | 266,557 |
Two Years Before Latest Fiscal Year | 212,418 | 93,229 |
Three Years Before Latest Fiscal Year | 70,749 | 19,866 |
Four Years Before Latest Fiscal Year | 9,960 | 1,497 |
Five Or More Years Before Latest Fiscal Year | 1,603 | 9,053 |
Revolving loans | 49,228 | 49,500 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 836,797 | 786,131 |
Construction and Land Development | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 7,727 |
Two Years Before Latest Fiscal Year | 7,624 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 7,624 | 7,727 |
Construction and Land Development | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 157 |
Fiscal Year Before Latest Fiscal Year | 226 | 310 |
Two Years Before Latest Fiscal Year | 0 | 463 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 438 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 664 | 930 |
Construction and Land Development | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Construction and Land Development | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Construction and Land Development | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Residential Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 6,448 | 77,703 |
Fiscal Year Before Latest Fiscal Year | 77,458 | 87,430 |
Two Years Before Latest Fiscal Year | 89,275 | 124,413 |
Three Years Before Latest Fiscal Year | 121,640 | 45,491 |
Four Years Before Latest Fiscal Year | 44,840 | 37,395 |
Five Or More Years Before Latest Fiscal Year | 68,535 | 34,852 |
Revolving loans | 3,950 | 1,649 |
Revolving loans converted to term loans | 188 | 191 |
Total Loans Receivable | 412,334 | 409,124 |
Residential Real Estate | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 188 | 191 |
Residential Real Estate | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 6,195 | 77,416 |
Fiscal Year Before Latest Fiscal Year | 77,458 | 84,158 |
Two Years Before Latest Fiscal Year | 86,022 | 121,078 |
Three Years Before Latest Fiscal Year | 118,328 | 45,265 |
Four Years Before Latest Fiscal Year | 44,628 | 37,395 |
Five Or More Years Before Latest Fiscal Year | 68,535 | 34,852 |
Revolving loans | 3,950 | 1,649 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 405,116 | 401,813 |
Residential Real Estate | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 253 | 253 |
Fiscal Year Before Latest Fiscal Year | 0 | 3,272 |
Two Years Before Latest Fiscal Year | 3,253 | 187 |
Three Years Before Latest Fiscal Year | 182 | 226 |
Four Years Before Latest Fiscal Year | 212 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 3,900 | 3,938 |
Residential Real Estate | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 34 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 3,148 |
Three Years Before Latest Fiscal Year | 3,130 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 3,130 | 3,182 |
Residential Real Estate | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 188 | 191 |
Total Loans Receivable | 188 | 191 |
Residential Real Estate | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Residential Real Estate | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 22,508 | 85,785 |
Fiscal Year Before Latest Fiscal Year | 112,051 | 26,705 |
Two Years Before Latest Fiscal Year | 39,983 | 6,915 |
Three Years Before Latest Fiscal Year | 7,490 | 11,938 |
Four Years Before Latest Fiscal Year | 11,869 | 2,491 |
Five Or More Years Before Latest Fiscal Year | 3,178 | 726 |
Revolving loans | 98,355 | 86,879 |
Revolving loans converted to term loans | 35 | 16,545 |
Total Loans Receivable | 295,469 | 237,984 |
Multifamily Real Estate | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Multifamily Real Estate | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 22,508 | 85,785 |
Fiscal Year Before Latest Fiscal Year | 112,051 | 26,705 |
Two Years Before Latest Fiscal Year | 39,983 | 6,915 |
Three Years Before Latest Fiscal Year | 7,490 | 11,938 |
Four Years Before Latest Fiscal Year | 11,869 | 2,491 |
Five Or More Years Before Latest Fiscal Year | 3,178 | 726 |
Revolving loans | 98,355 | 86,879 |
Revolving loans converted to term loans | 0 | 16,509 |
Total Loans Receivable | 295,434 | 237,948 |
Multifamily Real Estate | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 35 | 36 |
Total Loans Receivable | 35 | 36 |
Multifamily Real Estate | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Consumer | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 397 | 7,917 |
Fiscal Year Before Latest Fiscal Year | 7,016 | 1,347 |
Two Years Before Latest Fiscal Year | 707 | 2,643 |
Three Years Before Latest Fiscal Year | 163 | 265 |
Four Years Before Latest Fiscal Year | 255 | 142 |
Five Or More Years Before Latest Fiscal Year | 143 | 6 |
Revolving loans | 49,407 | 51,416 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 58,088 | 63,736 |
Consumer | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Consumer | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 397 | 7,917 |
Fiscal Year Before Latest Fiscal Year | 7,016 | 1,347 |
Two Years Before Latest Fiscal Year | 707 | 2,611 |
Three Years Before Latest Fiscal Year | 133 | 265 |
Four Years Before Latest Fiscal Year | 255 | 129 |
Five Or More Years Before Latest Fiscal Year | 130 | 6 |
Revolving loans | 49,407 | 51,416 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 58,045 | 63,691 |
Consumer | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 8 |
Five Or More Years Before Latest Fiscal Year | 8 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 8 | 8 |
Consumer | Substandard | Accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 32 |
Three Years Before Latest Fiscal Year | 30 | 0 |
Four Years Before Latest Fiscal Year | 0 | 5 |
Five Or More Years Before Latest Fiscal Year | 5 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 35 | 37 |
Consumer | Substandard | Non-accrual | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Consumer | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Consumer | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | $ 0 | $ 0 |
Loans and Allowance for Credi_6
Loans and Allowance for Credit Losses - Loan Aging Analysis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | $ 325,224 | $ 1,502,872 |
Fiscal Year Before Latest Fiscal Year | 1,445,133 | 980,869 |
Two Years Before Latest Fiscal Year | 890,240 | 457,711 |
Three Years Before Latest Fiscal Year | 425,002 | 253,347 |
Four Years Before Latest Fiscal Year | 246,267 | 177,797 |
Five Or More Years Before Latest Fiscal Year | 289,359 | 156,029 |
Revolving loans | 1,850,492 | 1,664,787 |
Revolving loans converted to term loans | 175,922 | 179,317 |
Total Loans Receivable | 5,647,639 | 5,372,729 |
30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 4,313 |
Fiscal Year Before Latest Fiscal Year | 268 | 8,651 |
Two Years Before Latest Fiscal Year | 147 | 0 |
Three Years Before Latest Fiscal Year | 0 | 1,190 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 214 | 1,049 |
Revolving loans | 2,510 | 2,844 |
Revolving loans converted to term loans | 1,915 | 0 |
Total Loans Receivable | 5,054 | 18,047 |
60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 1 | 55 |
Two Years Before Latest Fiscal Year | 0 | 2 |
Three Years Before Latest Fiscal Year | 1 | 0 |
Four Years Before Latest Fiscal Year | 0 | 5 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 980 |
Revolving loans converted to term loans | 0 | 430 |
Total Loans Receivable | 2 | 1,472 |
Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 263 |
Two Years Before Latest Fiscal Year | 2 | 7 |
Three Years Before Latest Fiscal Year | 148 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 16 | 12 |
Revolving loans | 7,337 | 7,681 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 7,503 | 9,352 |
Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 4,313 |
Fiscal Year Before Latest Fiscal Year | 269 | 8,969 |
Two Years Before Latest Fiscal Year | 149 | 9 |
Three Years Before Latest Fiscal Year | 149 | 1,196 |
Four Years Before Latest Fiscal Year | 0 | 1,388 |
Five Or More Years Before Latest Fiscal Year | 230 | 1,061 |
Revolving loans | 9,847 | 11,505 |
Revolving loans converted to term loans | 1,915 | 430 |
Total Loans Receivable | 12,559 | 28,871 |
Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 325,224 | 1,498,559 |
Fiscal Year Before Latest Fiscal Year | 1,444,864 | 971,900 |
Two Years Before Latest Fiscal Year | 890,091 | 457,702 |
Three Years Before Latest Fiscal Year | 424,853 | 252,151 |
Four Years Before Latest Fiscal Year | 246,267 | 176,409 |
Five Or More Years Before Latest Fiscal Year | 289,129 | 154,968 |
Revolving loans | 1,840,645 | 1,653,282 |
Revolving loans converted to term loans | 174,007 | 178,887 |
Total Loans Receivable | 5,635,080 | 5,343,858 |
Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 159 |
Two Years Before Latest Fiscal Year | 2 | 7 |
Three Years Before Latest Fiscal Year | 148 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 5 | 0 |
Revolving loans | 713 | 584 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 868 | 750 |
Commercial | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 123,795 | 468,784 |
Fiscal Year Before Latest Fiscal Year | 385,071 | 305,002 |
Two Years Before Latest Fiscal Year | 244,437 | 72,154 |
Three Years Before Latest Fiscal Year | 70,233 | 54,732 |
Four Years Before Latest Fiscal Year | 49,961 | 55,665 |
Five Or More Years Before Latest Fiscal Year | 66,078 | 21,045 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 47,061 | 40,296 |
Total Loans Receivable | 986,636 | 1,017,678 |
Commercial | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 20 |
Fiscal Year Before Latest Fiscal Year | 70 | 4,784 |
Two Years Before Latest Fiscal Year | 142 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 1,049 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 1,915 | 0 |
Total Loans Receivable | 2,127 | 5,853 |
Commercial | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 55 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 430 |
Total Loans Receivable | 0 | 485 |
Commercial | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 143 |
Two Years Before Latest Fiscal Year | 2 | 7 |
Three Years Before Latest Fiscal Year | 148 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 12 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 161 | 1,551 |
Commercial | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 20 |
Fiscal Year Before Latest Fiscal Year | 70 | 4,982 |
Two Years Before Latest Fiscal Year | 144 | 7 |
Three Years Before Latest Fiscal Year | 148 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 1,061 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 1,915 | 430 |
Total Loans Receivable | 2,288 | 7,889 |
Commercial | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 123,795 | 468,764 |
Fiscal Year Before Latest Fiscal Year | 385,001 | 300,020 |
Two Years Before Latest Fiscal Year | 244,293 | 72,147 |
Three Years Before Latest Fiscal Year | 70,085 | 54,726 |
Four Years Before Latest Fiscal Year | 49,961 | 54,282 |
Five Or More Years Before Latest Fiscal Year | 66,067 | 19,984 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 45,146 | 39,866 |
Total Loans Receivable | 984,348 | 1,009,789 |
Commercial | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 39 |
Two Years Before Latest Fiscal Year | 2 | 7 |
Three Years Before Latest Fiscal Year | 148 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 150 | 46 |
Commercial line of credit | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 1,047,280 | 957,254 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 1,047,280 | 957,254 |
Commercial line of credit | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 2,510 | 2,814 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 2,510 | 2,814 |
Commercial line of credit | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 980 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 980 |
Commercial line of credit | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 6,679 | 7,063 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 6,679 | 7,063 |
Commercial line of credit | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 9,189 | 10,857 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 9,189 | 10,857 |
Commercial line of credit | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 1,038,091 | 946,397 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 1,038,091 | 946,397 |
Commercial line of credit | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 613 | 584 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 613 | 584 |
Energy | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 7,585 |
Fiscal Year Before Latest Fiscal Year | 7,481 | 306 |
Two Years Before Latest Fiscal Year | 206 | 228 |
Three Years Before Latest Fiscal Year | 192 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 185,820 | 164,928 |
Revolving loans converted to term loans | 160 | 171 |
Total Loans Receivable | 193,859 | 173,218 |
Energy | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Energy | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Energy | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 558 | 618 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 558 | 618 |
Energy | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 558 | 618 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 558 | 618 |
Energy | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 7,585 |
Fiscal Year Before Latest Fiscal Year | 7,481 | 306 |
Two Years Before Latest Fiscal Year | 206 | 228 |
Three Years Before Latest Fiscal Year | 192 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 185,262 | 164,310 |
Revolving loans converted to term loans | 160 | 171 |
Total Loans Receivable | 193,301 | 172,600 |
Energy | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 75,143 | 508,512 |
Fiscal Year Before Latest Fiscal Year | 459,924 | 285,485 |
Two Years Before Latest Fiscal Year | 295,590 | 157,666 |
Three Years Before Latest Fiscal Year | 154,535 | 121,055 |
Four Years Before Latest Fiscal Year | 129,382 | 80,607 |
Five Or More Years Before Latest Fiscal Year | 149,822 | 90,347 |
Revolving loans | 416,014 | 353,161 |
Revolving loans converted to term loans | 128,478 | 122,114 |
Total Loans Receivable | 1,808,888 | 1,718,947 |
Commercial Real Estate | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 190 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 1,180 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 214 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 404 | 1,180 |
Commercial Real Estate | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Commercial Real Estate | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 100 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 100 | 0 |
Commercial Real Estate | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 190 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 1,180 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 214 | 0 |
Revolving loans | 100 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 504 | 1,180 |
Commercial Real Estate | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 75,143 | 508,512 |
Fiscal Year Before Latest Fiscal Year | 459,734 | 285,485 |
Two Years Before Latest Fiscal Year | 295,590 | 157,666 |
Three Years Before Latest Fiscal Year | 154,535 | 119,875 |
Four Years Before Latest Fiscal Year | 129,382 | 80,607 |
Five Or More Years Before Latest Fiscal Year | 149,608 | 90,347 |
Revolving loans | 415,914 | 353,161 |
Revolving loans converted to term loans | 128,478 | 122,114 |
Total Loans Receivable | 1,808,384 | 1,717,767 |
Commercial Real Estate | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 100 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 100 | 0 |
Construction and Land Development | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 96,933 | 346,586 |
Fiscal Year Before Latest Fiscal Year | 396,132 | 274,594 |
Two Years Before Latest Fiscal Year | 220,042 | 93,692 |
Three Years Before Latest Fiscal Year | 70,749 | 19,866 |
Four Years Before Latest Fiscal Year | 9,960 | 1,497 |
Five Or More Years Before Latest Fiscal Year | 1,603 | 9,053 |
Revolving loans | 49,666 | 49,500 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 845,085 | 794,788 |
Construction and Land Development | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 4,293 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 4,293 |
Construction and Land Development | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Construction and Land Development | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Construction and Land Development | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 4,293 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 4,293 |
Construction and Land Development | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 96,933 | 342,293 |
Fiscal Year Before Latest Fiscal Year | 396,132 | 274,594 |
Two Years Before Latest Fiscal Year | 220,042 | 93,692 |
Three Years Before Latest Fiscal Year | 70,749 | 19,866 |
Four Years Before Latest Fiscal Year | 9,960 | 1,497 |
Five Or More Years Before Latest Fiscal Year | 1,603 | 9,053 |
Revolving loans | 49,666 | 49,500 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 845,085 | 790,495 |
Construction and Land Development | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 6,448 | 77,703 |
Fiscal Year Before Latest Fiscal Year | 77,458 | 87,430 |
Two Years Before Latest Fiscal Year | 89,275 | 124,413 |
Three Years Before Latest Fiscal Year | 121,640 | 45,491 |
Four Years Before Latest Fiscal Year | 44,840 | 37,395 |
Five Or More Years Before Latest Fiscal Year | 68,535 | 34,852 |
Revolving loans | 3,950 | 1,649 |
Revolving loans converted to term loans | 188 | 191 |
Total Loans Receivable | 412,334 | 409,124 |
Residential Real Estate | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 8 | 3,867 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 10 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 8 | 3,877 |
Residential Real Estate | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Residential Real Estate | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 120 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 120 |
Residential Real Estate | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 8 | 3,987 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 10 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 8 | 3,997 |
Residential Real Estate | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 6,448 | 77,703 |
Fiscal Year Before Latest Fiscal Year | 77,450 | 83,443 |
Two Years Before Latest Fiscal Year | 89,275 | 124,413 |
Three Years Before Latest Fiscal Year | 121,640 | 45,481 |
Four Years Before Latest Fiscal Year | 44,840 | 37,395 |
Five Or More Years Before Latest Fiscal Year | 68,535 | 34,852 |
Revolving loans | 3,950 | 1,649 |
Revolving loans converted to term loans | 188 | 191 |
Total Loans Receivable | 412,326 | 405,127 |
Residential Real Estate | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 120 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 120 |
Multifamily Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 22,508 | 85,785 |
Fiscal Year Before Latest Fiscal Year | 112,051 | 26,705 |
Two Years Before Latest Fiscal Year | 39,983 | 6,915 |
Three Years Before Latest Fiscal Year | 7,490 | 11,938 |
Four Years Before Latest Fiscal Year | 11,869 | 2,491 |
Five Or More Years Before Latest Fiscal Year | 3,178 | 726 |
Revolving loans | 98,355 | 86,879 |
Revolving loans converted to term loans | 35 | 16,545 |
Total Loans Receivable | 295,469 | 237,984 |
Multifamily Real Estate | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Multifamily Real Estate | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 22,508 | 85,785 |
Fiscal Year Before Latest Fiscal Year | 112,051 | 26,705 |
Two Years Before Latest Fiscal Year | 39,983 | 6,915 |
Three Years Before Latest Fiscal Year | 7,490 | 11,938 |
Four Years Before Latest Fiscal Year | 11,869 | 2,491 |
Five Or More Years Before Latest Fiscal Year | 3,178 | 726 |
Revolving loans | 98,355 | 86,879 |
Revolving loans converted to term loans | 35 | 16,545 |
Total Loans Receivable | 295,469 | 237,984 |
Multifamily Real Estate | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 0 | 0 |
Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 397 | 7,917 |
Fiscal Year Before Latest Fiscal Year | 7,016 | 1,347 |
Two Years Before Latest Fiscal Year | 707 | 2,643 |
Three Years Before Latest Fiscal Year | 163 | 265 |
Four Years Before Latest Fiscal Year | 255 | 142 |
Five Or More Years Before Latest Fiscal Year | 143 | 6 |
Revolving loans | 49,407 | 51,416 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 58,088 | 63,736 |
Consumer | 30-59 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 5 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 30 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 5 | 30 |
Consumer | 60-89 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 1 | 0 |
Two Years Before Latest Fiscal Year | 0 | 2 |
Three Years Before Latest Fiscal Year | 1 | 0 |
Four Years Before Latest Fiscal Year | 0 | 5 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 2 | 7 |
Consumer | Greater than 90 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 5 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 5 | 0 |
Consumer | Total past due | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 1 | 0 |
Two Years Before Latest Fiscal Year | 5 | 2 |
Three Years Before Latest Fiscal Year | 1 | 0 |
Four Years Before Latest Fiscal Year | 0 | 5 |
Five Or More Years Before Latest Fiscal Year | 5 | 0 |
Revolving loans | 0 | 30 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 12 | 37 |
Consumer | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 397 | 7,917 |
Fiscal Year Before Latest Fiscal Year | 7,015 | 1,347 |
Two Years Before Latest Fiscal Year | 702 | 2,641 |
Three Years Before Latest Fiscal Year | 162 | 265 |
Four Years Before Latest Fiscal Year | 255 | 137 |
Five Or More Years Before Latest Fiscal Year | 138 | 6 |
Revolving loans | 49,407 | 51,386 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | 58,076 | 63,699 |
Consumer | Greater Than 90 Days And Accruing | ||
Financing Receivable, Past Due [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 5 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total Loans Receivable | $ 5 | $ 0 |
Loans and Allowance for Credi_7
Loans and Allowance for Credit Losses - Non-Accrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | $ 325,224 | $ 1,502,872 |
Fiscal Year Before Latest Fiscal Year | 1,445,133 | 980,869 |
Two Years Before Latest Fiscal Year | 890,240 | 457,711 |
Three Years Before Latest Fiscal Year | 425,002 | 253,347 |
Four Years Before Latest Fiscal Year | 246,267 | 177,797 |
Five Or More Years Before Latest Fiscal Year | 289,359 | 156,029 |
Revolving loans | 1,850,492 | 1,664,787 |
Revolving loans converted to term loans | 175,922 | 179,317 |
Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 2,583 |
Two Years Before Latest Fiscal Year | 2,470 | 0 |
Three Years Before Latest Fiscal Year | 0 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 12 |
Revolving loans | 6,623 | 7,097 |
Revolving loans converted to term loans | 386 | 191 |
Total non-accrual loans | 9,490 | 11,272 |
Nonaccrual Loans with no related Allowance | 9,490 | 11,272 |
Commercial and Industrial | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 123,795 | 468,784 |
Fiscal Year Before Latest Fiscal Year | 385,071 | 305,002 |
Two Years Before Latest Fiscal Year | 244,437 | 72,154 |
Three Years Before Latest Fiscal Year | 70,233 | 54,732 |
Four Years Before Latest Fiscal Year | 49,961 | 55,665 |
Five Or More Years Before Latest Fiscal Year | 66,078 | 21,045 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 47,061 | 40,296 |
Commercial and Industrial | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 104 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 6 |
Four Years Before Latest Fiscal Year | 0 | 1,383 |
Five Or More Years Before Latest Fiscal Year | 11 | 12 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 198 | 0 |
Total non-accrual loans | 209 | 1,505 |
Nonaccrual Loans with no related Allowance | 209 | 1,505 |
Commercial and Industrial Lines of Credit | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 1,047,280 | 957,254 |
Revolving loans converted to term loans | 0 | 0 |
Commercial and Industrial Lines of Credit | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 6,065 | 6,479 |
Revolving loans converted to term loans | 0 | 0 |
Total non-accrual loans | 6,065 | 6,479 |
Nonaccrual Loans with no related Allowance | 6,065 | 6,479 |
Energy | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 7,585 |
Fiscal Year Before Latest Fiscal Year | 7,481 | 306 |
Two Years Before Latest Fiscal Year | 206 | 228 |
Three Years Before Latest Fiscal Year | 192 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 185,820 | 164,928 |
Revolving loans converted to term loans | 160 | 171 |
Energy | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 558 | 618 |
Revolving loans converted to term loans | 0 | 0 |
Total non-accrual loans | 558 | 618 |
Nonaccrual Loans with no related Allowance | 558 | 618 |
Commercial Real Estate | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 75,143 | 508,512 |
Fiscal Year Before Latest Fiscal Year | 459,924 | 285,485 |
Two Years Before Latest Fiscal Year | 295,590 | 157,666 |
Three Years Before Latest Fiscal Year | 154,535 | 121,055 |
Four Years Before Latest Fiscal Year | 129,382 | 80,607 |
Five Or More Years Before Latest Fiscal Year | 149,822 | 90,347 |
Revolving loans | 416,014 | 353,161 |
Revolving loans converted to term loans | 128,478 | 122,114 |
Commercial Real Estate | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 2,479 |
Two Years Before Latest Fiscal Year | 2,470 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total non-accrual loans | 2,470 | 2,479 |
Nonaccrual Loans with no related Allowance | 2,470 | 2,479 |
Construction and Land Development | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 96,933 | 346,586 |
Fiscal Year Before Latest Fiscal Year | 396,132 | 274,594 |
Two Years Before Latest Fiscal Year | 220,042 | 93,692 |
Three Years Before Latest Fiscal Year | 70,749 | 19,866 |
Four Years Before Latest Fiscal Year | 9,960 | 1,497 |
Five Or More Years Before Latest Fiscal Year | 1,603 | 9,053 |
Revolving loans | 49,666 | 49,500 |
Revolving loans converted to term loans | 0 | 0 |
Construction and Land Development | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total non-accrual loans | 0 | 0 |
Nonaccrual Loans with no related Allowance | 0 | 0 |
Residential Real Estate | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 6,448 | 77,703 |
Fiscal Year Before Latest Fiscal Year | 77,458 | 87,430 |
Two Years Before Latest Fiscal Year | 89,275 | 124,413 |
Three Years Before Latest Fiscal Year | 121,640 | 45,491 |
Four Years Before Latest Fiscal Year | 44,840 | 37,395 |
Five Or More Years Before Latest Fiscal Year | 68,535 | 34,852 |
Revolving loans | 3,950 | 1,649 |
Revolving loans converted to term loans | 188 | 191 |
Residential Real Estate | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 188 | 191 |
Total non-accrual loans | 188 | 191 |
Nonaccrual Loans with no related Allowance | 188 | 191 |
Multifamily Real Estate | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 22,508 | 85,785 |
Fiscal Year Before Latest Fiscal Year | 112,051 | 26,705 |
Two Years Before Latest Fiscal Year | 39,983 | 6,915 |
Three Years Before Latest Fiscal Year | 7,490 | 11,938 |
Four Years Before Latest Fiscal Year | 11,869 | 2,491 |
Five Or More Years Before Latest Fiscal Year | 3,178 | 726 |
Revolving loans | 98,355 | 86,879 |
Revolving loans converted to term loans | 35 | 16,545 |
Multifamily Real Estate | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total non-accrual loans | 0 | 0 |
Nonaccrual Loans with no related Allowance | 0 | 0 |
Consumer | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 397 | 7,917 |
Fiscal Year Before Latest Fiscal Year | 7,016 | 1,347 |
Two Years Before Latest Fiscal Year | 707 | 2,643 |
Three Years Before Latest Fiscal Year | 163 | 265 |
Four Years Before Latest Fiscal Year | 255 | 142 |
Five Or More Years Before Latest Fiscal Year | 143 | 6 |
Revolving loans | 49,407 | 51,416 |
Revolving loans converted to term loans | 0 | 0 |
Consumer | Non-accrual | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year Before Latest Fiscal Year | 0 | 0 |
Two Years Before Latest Fiscal Year | 0 | 0 |
Three Years Before Latest Fiscal Year | 0 | 0 |
Four Years Before Latest Fiscal Year | 0 | 0 |
Five Or More Years Before Latest Fiscal Year | 0 | 0 |
Revolving loans | 0 | 0 |
Revolving loans converted to term loans | 0 | 0 |
Total non-accrual loans | 0 | 0 |
Nonaccrual Loans with no related Allowance | $ 0 | $ 0 |
Loans and Allowance for Credi_8
Loans and Allowance for Credit Losses - Allowance for Credit Losses (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Allowance for loan losses | |
Beginning balance | $ 61,775 |
Charge-offs | (1,642) |
Recoveries | 1 |
Provision (release) | 4,996 |
Ending balance | 65,130 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 8,688 |
Provision (credit) | (575) |
Ending balance | 8,113 |
Commercial and Industrial | |
Allowance for loan losses | |
Beginning balance | 12,272 |
Charge-offs | (1,642) |
Recoveries | 0 |
Provision (release) | 1,392 |
Ending balance | 12,022 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 245 |
Provision (credit) | (71) |
Ending balance | 174 |
Commercial and Industrial Lines of Credit | |
Allowance for loan losses | |
Beginning balance | 14,531 |
Charge-offs | 0 |
Recoveries | 0 |
Provision (release) | 676 |
Ending balance | 15,207 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 74 |
Provision (credit) | 213 |
Ending balance | 287 |
Energy | |
Allowance for loan losses | |
Beginning balance | 4,396 |
Charge-offs | 0 |
Recoveries | 0 |
Provision (release) | 283 |
Ending balance | 4,679 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 787 |
Provision (credit) | (246) |
Ending balance | 541 |
Commercial Real Estate | |
Allowance for loan losses | |
Beginning balance | 19,504 |
Charge-offs | 0 |
Recoveries | 0 |
Provision (release) | 1,259 |
Ending balance | 20,763 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 700 |
Provision (credit) | 12 |
Ending balance | 712 |
Construction and Land Development | |
Allowance for loan losses | |
Beginning balance | 5,337 |
Charge-offs | 0 |
Recoveries | 0 |
Provision (release) | 437 |
Ending balance | 5,774 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 6,830 |
Provision (credit) | (506) |
Ending balance | 6,324 |
Residential Real Estate | |
Allowance for loan losses | |
Beginning balance | 3,110 |
Charge-offs | 0 |
Recoveries | 0 |
Provision (release) | (49) |
Ending balance | 3,061 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 35 |
Provision (credit) | 16 |
Ending balance | 51 |
Multifamily Real Estate | |
Allowance for loan losses | |
Beginning balance | 2,253 |
Charge-offs | 0 |
Recoveries | 0 |
Provision (release) | 627 |
Ending balance | 2,880 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 14 |
Provision (credit) | (5) |
Ending balance | 9 |
Consumer | |
Allowance for loan losses | |
Beginning balance | 372 |
Charge-offs | 0 |
Recoveries | 1 |
Provision (release) | 371 |
Ending balance | 744 |
Allowance for Credit Losses on Off-Balance Sheet | |
Beginning balance | 3 |
Provision (credit) | 12 |
Ending balance | $ 15 |
Loans and Allowance for Credi_9
Loans and Allowance for Credit Losses - Net Charge-offs By Year of Origination (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | $ 0 |
2022 | 0 |
2021 | 70 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 1,347 |
Revolving loans | 0 |
Revolving loans converted to term loans | 225 |
Gross Charge-offs | 1,642 |
Commercial and Industrial | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 70 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 1,347 |
Revolving loans | 0 |
Revolving loans converted to term loans | 225 |
Gross Charge-offs | 1,642 |
Commercial and Industrial Lines of Credit | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | 0 |
Energy | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | 0 |
Commercial Real Estate | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | 0 |
Construction and Land Development | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | 0 |
Residential Real Estate | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | 0 |
Multifamily Real Estate | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | 0 |
Consumer | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
2023 | 0 |
2022 | 0 |
2021 | 0 |
2020 | 0 |
2019 | 0 |
2018 and Prior | 0 |
Revolving loans | 0 |
Revolving loans converted to term loans | 0 |
Gross Charge-offs | $ 0 |
Loans and Allowance for Cred_10
Loans and Allowance for Credit Losses - Loans, Collateral Dependent Loans (Details) - Asset Pledged As Collateral - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Impaired [Line Items] | ||
Amortized Cost of Collateral Dependent Loans | $ 6,628 | $ 8,728 |
Related Allowance for Credit Losses | 5 | 22 |
Amortized Cost of Collateral Dependent Loans with no related Allowance | 6,623 | 8,689 |
Commercial and Industrial | ||
Financing Receivable, Impaired [Line Items] | ||
Amortized Cost of Collateral Dependent Loans | 1,489 | |
Related Allowance for Credit Losses | 0 | |
Amortized Cost of Collateral Dependent Loans with no related Allowance | 1,489 | |
Commercial and Industrial Lines of Credit | ||
Financing Receivable, Impaired [Line Items] | ||
Amortized Cost of Collateral Dependent Loans | 6,065 | 6,492 |
Related Allowance for Credit Losses | 0 | 0 |
Amortized Cost of Collateral Dependent Loans with no related Allowance | 6,065 | 6,492 |
Energy | ||
Financing Receivable, Impaired [Line Items] | ||
Amortized Cost of Collateral Dependent Loans | 558 | 618 |
Related Allowance for Credit Losses | 0 | 0 |
Amortized Cost of Collateral Dependent Loans with no related Allowance | 558 | 618 |
Commercial Real Estate | ||
Financing Receivable, Impaired [Line Items] | ||
Amortized Cost of Collateral Dependent Loans | 92 | |
Related Allowance for Credit Losses | 0 | |
Amortized Cost of Collateral Dependent Loans with no related Allowance | 92 | |
Consumer | ||
Financing Receivable, Impaired [Line Items] | ||
Amortized Cost of Collateral Dependent Loans | 5 | 39 |
Related Allowance for Credit Losses | 5 | 22 |
Amortized Cost of Collateral Dependent Loans with no related Allowance | $ 0 | $ 0 |
Leases (Narrative) (Details)
Leases (Narrative) (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Lessee Lease Description [Line Items] | |||
Right-of-use asset | $ 29,600,000 | $ 30,500,000 | |
Operating Lease, Weighted Average Remaining Lease Term | 11 years 4 months 24 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 2.54% | ||
Operating cash flows paid for operating lease | $ 900,000 | $ 700,000 | |
Operating cash flows paid for finance lease | 100,000 | ||
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 0 | ||
Lease liability | $ 33,000,000 | $ 34,000,000 | |
Minimum [Member] | |||
Lessee Lease Description [Line Items] | |||
Lessee, Operating Lease, Remaining Lease Term | 1 year | ||
Lessee, Operating Lease, Renewal Term | 5 years | ||
Maximum [Member] | |||
Lessee Lease Description [Line Items] | |||
Lessee, Operating Lease, Remaining Lease Term | 19 years | ||
Lessee, Operating Lease, Renewal Term | 20 years |
Leases (Components of operating
Leases (Components of operating lease expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Components of operating lease expense | ||
Finance lease amortization of right-of-use asset | $ 70 | $ 0 |
Finance lease interest on lease liability | 69 | 0 |
Operating lease expense | 732 | 726 |
Variable lease expense | 393 | 213 |
Short-term lease expense | 5 | 5 |
Total lease expense | $ 1,269 | $ 944 |
Leases (Future minimum commitme
Leases (Future minimum commitments) (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Future minimum commitments due under these lease agreements | |
Remainder of 2023 | $ 2,821 |
2024 | 3,289 |
2025 | 3,309 |
2026 | 3,350 |
2027 | 3,340 |
Thereafter | 12,619 |
Total lease payments | 28,728 |
Less imputed interest | 3,350 |
Total | 25,378 |
Finance Lease, Liability, to be Paid [Abstract] | |
Remainder of 2023 | 367 |
2024 | 490 |
2025 | 490 |
2026 | 490 |
2027 | 528 |
Thereafter | 8,296 |
Total lease payments | 10,661 |
Less imputed interest | 3,095 |
Total | $ 7,566 |
Goodwill and Core Deposit Int_3
Goodwill and Core Deposit Intangible (Narrative) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Goodwill [Line Items] | ||
Goodwill, Impairment Loss | $ 0 | |
Amortization Of Intangible Assets | $ 822,000 | $ 19,000 |
Core Deposits [Member] | ||
Goodwill [Line Items] | ||
Estimated useful life of CDI | 10 years | |
Amortization Of Intangible Assets | $ 800,000 |
Goodwill and Core Deposit Int_4
Goodwill and Core Deposit Intangible (Change In Goodwill And Core Deposit Intangible) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Goodwill and Core Deposit Intangible [Abstract] | ||
Goodwill, Gross Carrying Amount | $ 12,836 | $ 12,836 |
Goodwill, Impairment | 0 | 0 |
Goodwill, Net Carrying Amount | 12,836 | 12,836 |
Finite Lived Intangible Assets Net [Abstract] | ||
Gross Carrying Amount, Core deposit intangible | 17,479 | 17,479 |
Accumulated Amortization, Core deposit intangible | 2,056 | 1,234 |
Net Carrying Amount, Core deposit intangible | 15,423 | 16,245 |
Intangible Assets Net Including Goodwill [Abstract] | ||
Gross Carrying Amount | 30,315 | 30,315 |
Accumulated Amortization | 2,056 | 1,234 |
Net Carrying Amount | $ 28,259 | $ 29,081 |
Goodwill and Core Deposit Int_5
Goodwill and Core Deposit Intangible (Core Deposit Intangible Future Amortization Expense) (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Estimated Amortization Expense Over Next Five Years for Core Deposit Intangible | |
For the nine months ending December 31, 2023 | $ 2,286 |
For the year ending December 31, 2024 | 2,762 |
For the year ending December 31, 2025 | 2,436 |
For the year ending December 31, 2026 | 2,109 |
For the year ending December 31, 2027 | $ 1,783 |
Derivatives and Hedging (Narrat
Derivatives and Hedging (Narrative) (Details) | 3 Months Ended | |
Mar. 31, 2023 USD ($) Item | Dec. 31, 2022 USD ($) Item | |
Derivative [Line Items] | ||
Derivative Collateral Deposits | $ 3,600,000 | $ 4,900,000 |
Interest Rate Swap [Member] | Not Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Number of Instruments | Item | 50 | 49 |
Notional Amount | $ 417,000,000 | $ 421,000,000 |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Number of Instruments | Item | 1 | 1 |
Notional Amount | $ 250,000,000 | $ 250,000,000 |
Dericative instruments to be reclassified to interest income in next 12 months | $ 200,000 | |
Maximum exposure period | 6 years 1 month 6 days |
Derivatives and Hedging (Schedu
Derivatives and Hedging (Schedule of Derivative Instruments) (Details) - Interest rate products - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Derivative [Line Items] | ||
Asset Derivatives | $ 7,907 | $ 11,038 |
Liability Derivatives | 11,791 | 16,442 |
Not Designated as Hedging Instrument | ||
Derivative [Line Items] | ||
Asset Derivatives | 0 | 0 |
Liability Derivatives | 3,883 | 5,403 |
Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | 7,907 | 11,038 |
Liability Derivatives | $ 7,908 | $ 11,039 |
Derivatives and Hedging (Sche_2
Derivatives and Hedging (Schedule of Cash Flow Hedge on Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Derivative [Line Items] | ||
Gain or (Loss) Recognized in OCI on Derivative | $ 1,171 | $ 2,002 |
Designated as Hedging Instrument [Member] | Interest rate products | ||
Derivative [Line Items] | ||
Gain or (Loss) Recognized in OCI on Derivative | 1,540 | 2,655 |
Gain or (Loss) Recognized in OCI Included Component | 1,540 | 2,655 |
Gain or (Loss) Recognized in OCI Excluded Component | $ 0 | 0 |
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Interest rate products | ||
Derivative [Line Items] | ||
Location of Gain or (Loss) Recognized from Accumulated Other Comprehensive Income into Income | Interest Expense | |
Gain or (Loss) Recognized in OCI on Derivative | $ 1,540 | 2,655 |
Gain or (Loss) Recognized in OCI Included Component | 1,540 | 2,655 |
Gain or (Loss) Recognized in OCI Excluded Component | $ 0 | $ 0 |
Time Deposits and Borrowings (S
Time Deposits and Borrowings (Schedule of Time Deposit Maturities and Borrowings) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Time deposits | ||
Within One Year | $ 1,153,933 | |
One to Two Years | 215,690 | |
Two to Three Years | 2,084 | |
Three to Four Years | 1,356 | |
Four to Five Years | 2,964 | |
After Five Years | 0 | |
Total | 1,376,027 | $ 945,567 |
FHLB borrowings | ||
Total | 314,031 | $ 218,111 |
Time Deposit Maturities And Borrowings, Fiscal Year Maturity [Abstract] | ||
Within One Year | 1,382,443 | |
One to Two Years | 217,288 | |
Two to Three Years | 13,507 | |
Three to Four Years | 1,356 | |
Four to Five Years | 62,964 | |
After Five Years | 30,470 | |
Total | 1,708,028 | |
Trust preferred securities | ||
Within One Year | 0 | |
One to Two Years | 0 | |
Two to Three Years | 0 | |
Three to Four Years | 0 | |
Four to Five Years | 0 | |
After Five Years | 1,074 | |
Total | 1,074 | |
Contract value | 2,600 | |
Lines Of Credit [Member] | ||
Time Deposit Maturities And Borrowings, Fiscal Year Maturity [Abstract] | ||
Within One Year | 7,500 | |
One to Two Years | 0 | |
Two to Three Years | 0 | |
Three to Four Years | 0 | |
Four to Five Years | 0 | |
After Five Years | 0 | |
Total | 7,500 | |
SBA Secured Borrowing [Member] | ||
Time Deposit Maturities And Borrowings, Fiscal Year Maturity [Abstract] | ||
Within One Year | 0 | |
One to Two Years | 0 | |
Two to Three Years | 0 | |
Three to Four Years | 0 | |
Four to Five Years | 0 | |
After Five Years | 9,396 | |
Total | 9,396 | |
FHLB Borrowings [Member] | ||
FHLB borrowings | ||
Within One Year | 37,573 | |
One to Two Years | 1,598 | |
Two to Three Years | 11,423 | |
Three to Four Years | 0 | |
Four to Five Years | 60,000 | |
After Five Years | 20,000 | |
Total | 130,594 | |
FHLB Line Of Credit [Member] | ||
FHLB borrowings | ||
Within One Year | 183,437 | |
One to Two Years | 0 | |
Two to Three Years | 0 | |
Three to Four Years | 0 | |
Four to Five Years | 0 | |
After Five Years | 0 | |
Total | $ 183,437 |
Income Tax (Schedule of Effecti
Income Tax (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Income Tax [Abstract] | ||
Computed at the statutory rate (21%) | $ 4,227 | $ 4,413 |
Increase (decrease) resulting from | ||
Tax-exempt income | (880) | (854) |
Non-deductible expenses | 93 | 82 |
State income taxes | 632 | 696 |
Equity based compensation | (45) | (169) |
Other adjustments | (6) | 20 |
Actual tax expense | $ 4,021 | $ 4,188 |
Income Tax (Schedule of Deferre
Income Tax (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Deferred tax assets | ||
Net unrealized loss on securities available-for-sale | $ 16,285 | $ 20,295 |
Allowance for credit losses | 17,372 | 16,710 |
Lease incentive | 438 | 451 |
Loan fees | 4,070 | 4,048 |
Accrued expenses | 1,303 | 3,379 |
Deferred compensation | 1,735 | 2,166 |
Other | 1,433 | 1,469 |
Total deferred tax asset | 42,636 | 48,518 |
Deferred tax liability | ||
FHLB stock basis | (394) | (436) |
Premises and equipment | (1,934) | (2,042) |
Other | (938) | (1,018) |
Total deferred tax liability | (3,266) | (3,496) |
Net deferred tax asset | $ 39,370 | $ 45,022 |
Change in Accumulated Other C_3
Change in Accumulated Other Comprehensive (Loss) Income (Schedule of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Unrealized gains (losses) on available-for-sale securities | $ 63 | $ (26) |
Less: tax expense (benefit) effect | 4,021 | 4,188 |
Net Income | 16,108 | 16,828 |
Reclassification Out Of Accumulated Other Comprehensive Income [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Unrealized gains (losses) on available-for-sale securities | 63 | (26) |
Less: tax expense (benefit) effect | 15 | (6) |
Net Income | $ 48 | $ (20) |
Regulatory Matters (Details)
Regulatory Matters (Details) $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Regulatory Matters [Abstract] | ||
Capital conservation buffer | 0.025 | 0.025 |
Total Capital to Risk-Weighted Assets | ||
Actual, amount | $ 743,690 | $ 715,416 |
Actual, ratio | 0.105 | 0.105 |
Required to be Considered Adequately Capitalized, amount | $ 741,502 | $ 714,162 |
Required to be Considered Adequately Capitalized, ratio | 0.105 | 0.105 |
Tier I Capital to Risk-Weighted Assets | ||
Actual, amount | $ 670,447 | $ 644,953 |
Actual, ratio | 0.095 | 0.095 |
Required to be Considered Adequately Capitalized, amount | $ 600,264 | $ 578,131 |
Required to be Considered Adequately Capitalized, ratio | 0.085 | 0.085 |
Common Equity Tier 1 to Risk-Weighted Assets | ||
Actual, amount | $ 661,622 | $ 643,892 |
Actual, ratio | 0.094 | 0.095 |
Required to be Considered Adequately Capitalized, amount | $ 494,335 | $ 476,108 |
Required to be Considered Adequately Capitalized, ratio | 7% | 7% |
Tier I Capital to Average Assets | ||
Actual, amount | $ 670,447 | $ 644,953 |
Actual, ratio | 0.099 | 0.103 |
Required to be Considered Adequately Capitalized, amount | $ 270,441 | $ 249,270 |
Required to be Considered Adequately Capitalized, amount | 0.040 | 0.040 |
Bank [Member] | ||
Total Capital to Risk-Weighted Assets | ||
Actual, amount | $ 745,374 | $ 714,300 |
Actual, ratio | 0.106 | 0.105 |
Required to be considered well capitalized, amount | $ 705,775 | $ 679,793 |
Required to be considered well capitalized, ratio | 0.100 | 0.100 |
Required to be Considered Adequately Capitalized, amount | $ 741,064 | $ 713,783 |
Required to be Considered Adequately Capitalized, ratio | 0.105 | 0.105 |
Tier I Capital to Risk-Weighted Assets | ||
Actual, amount | $ 672,131 | $ 643,837 |
Actual, ratio | 0.095 | 0.095 |
Required to be considered well capitalized, amount | $ 564,620 | $ 543,835 |
Required to be considered well capitalized, ratio | 0.080 | 0.080 |
Required to be Considered Adequately Capitalized, amount | $ 599,909 | $ 577,824 |
Required to be Considered Adequately Capitalized, ratio | 0.085 | 0.085 |
Common Equity Tier 1 to Risk-Weighted Assets | ||
Actual, amount | $ 672,131 | $ 643,837 |
Actual, ratio | 0.095 | 0.095 |
Required to be considered well capitalized, amount | $ 458,754 | $ 441,866 |
Required to be considered well capitalized, ratio | 6.50% | 6.50% |
Required to be Considered Adequately Capitalized, amount | $ 494,043 | $ 475,855 |
Required to be Considered Adequately Capitalized, ratio | 7% | 7% |
Tier I Capital to Average Assets | ||
Actual, amount | $ 672,131 | $ 643,837 |
Actual, ratio | 0.099 | 0.103 |
Required to be considered well capitalized, amount | $ 338,128 | $ 311,623 |
Required to be considered well capitalized, ratio | 0.050 | 0.050 |
Required to be Considered Adequately Capitalized, amount | $ 270,502 | $ 249,299 |
Required to be Considered Adequately Capitalized, amount | 0.040 | 0.040 |
Stock-Based Compensation - (Nar
Stock-Based Compensation - (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2023 USD ($) shares | |
Performance Based Stock Awards [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Award vesting period | 3 years |
Granted (in shares) | 128,005 |
Award performance metric period | 3 years |
Unrecognized compensation cost | $ | $ 2,700,000 |
Period for recognizing stock-based compensation expense | 2 years 6 months |
Performance Based Stock Awards [Member] | Minimum [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Award payout percentage | 0% |
Performance Based Stock Awards [Member] | Maximum [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Award payout percentage | 150% |
Restricted Stock Units And Awards [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Award vesting period | 1 year |
Granted (in shares) | 264,197 |
Unrecognized compensation cost | $ | $ 6,300,000 |
Period for recognizing stock-based compensation expense | 2 years 4 months 24 days |
2018 Omnibus Equity Incentive Plan [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Shares authorized for future issuance (in shares) | 1,218,970 |
Stock-Based Compensation (Sched
Stock-Based Compensation (Schedule of Stock-based Compensation) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Total stock-based compensation | $ 1,238 | $ 1,115 |
Stock Appreciation Rights [Member] | ||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Total stock-based compensation | 99 | 99 |
Performance Based Stock Awards [Member] | ||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Total stock-based compensation | 236 | 211 |
Restricted Stock Units And Awards [Member] | ||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Total stock-based compensation | 879 | 778 |
Employee Stock Purchase Plan [Member] | ||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Total stock-based compensation | $ 24 | $ 27 |
Stock-Based Compensation (Summa
Stock-Based Compensation (Summary of Status and Changes in Performance-Based Awards) (Details) - Performance Based Stock Awards [Member] | 3 Months Ended |
Mar. 31, 2023 $ / shares shares | |
Number of Shares | |
Beginning balance (in shares) | shares | 134,286 |
Granted (in shares) | shares | 128,005 |
Vested (in shares) | shares | (20,736) |
Forfeited (in shares) | shares | (5,335) |
Ending balance (in shares) | shares | 236,220 |
Weighted-Average Grant Date Fair Value | |
Beginning balance (in dollars per share) | $ / shares | $ 14.52 |
Granted (in dollars per share) | $ / shares | 14.13 |
Vested (in dollars per share) | $ / shares | 13.55 |
Forfeited (in dollars per share) | $ / shares | 14.49 |
Ending balance (in dollars per share) | $ / shares | $ 14.40 |
Stock-Based Compensation (Sum_2
Stock-Based Compensation (Summary of Status and Changes in RSUs and RSAs) (Details) - Restricted Stock Units And Awards [Member] | 3 Months Ended |
Mar. 31, 2023 $ / shares shares | |
Number of Shares | |
Beginning balance (in shares) | shares | 416,980 |
Granted (in shares) | shares | 264,197 |
Vested (in shares) | shares | (141,857) |
Forfeited (in shares) | shares | (11,650) |
Ending balance (in shares) | shares | 527,670 |
Weighted-Average Grant Date Fair Value | |
Beginning balance (in dollars per share) | $ / shares | $ 14.13 |
Granted (in dollars per share) | $ / shares | 13.96 |
Vested (in dollars per share) | $ / shares | 14.05 |
Forfeited (in dollars per share) | $ / shares | 14.28 |
Ending balance (in dollars per share) | $ / shares | $ 14.06 |
Stock Warrants (Narrative) (Det
Stock Warrants (Narrative) (Details) - $ / shares | Apr. 26, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Stock warrants [Abstract] | |||
Warrants outstanding (in shares) | 80,000 | 80,000 | |
Strike price (in dollars per share) | $ 5 | $ 5 | |
Number of warrants exercised | 0 | ||
Number of warrants expire | 80,000 |
Earnings Per Share (Schedule of
Earnings Per Share (Schedule of Earnings (Loss) Per Share, Basic and Diluted) (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Earnings per Share | |||
Net income available to common stockholders | $ 16,108,000 | $ 16,828,000 | |
Weighted average common shares (in shares) | 48,635,910 | 50,251,297 | |
Earnings per share (in dollars per share) | $ 0.33 | $ 0.33 | |
Dilutive Earnings Per Share | |||
Net income available to common stockholders | $ 16,108,000 | $ 16,828,000 | |
Weighted average common shares (in shares) | 48,635,910 | 50,251,297 | |
Effect of dilutive shares (in shares) | 407,711 | 659,193 | |
Weighted average dilutive common shares (in shares) | 49,043,621 | 50,910,490 | |
Diluted earnings per share (in dollars per share) | $ 0.33 | $ 0.33 | |
Stock-based awards not included because to do so would be antidilutive (in shares) | 916,080 | 285,672 | |
Series A preferred stock par value | $ 0.01 | $ 0.01 | |
Series A preferred stock aggregate purchase price | $ 7,750,000 | ||
Noncumulative Preferred Stock [Member] | |||
Dividends related to preferred stock | $ 0 | ||
Series A preferred stock par value | $ 0.01 | ||
Series A preferred stock aggregate purchase price | $ 7,800,000 |
Disclosures about Fair Value _3
Disclosures about Fair Value of Financial Instruments (Schedule of Fair Value Measurement of Assets on a Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | $ 6,628 | $ 8,728 |
Foreclosed assets held-for-sale | 880 | 1,745 |
Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | 6,628 | 8,728 |
Foreclosed assets held-for-sale | 880 | 1,745 |
Fair Value, Nonrecurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | 0 | 0 |
Foreclosed assets held-for-sale | 0 | 0 |
Fair Value, Nonrecurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | 0 | 0 |
Foreclosed assets held-for-sale | 0 | 0 |
Fair Value, Nonrecurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | 6,628 | 8,728 |
Foreclosed assets held-for-sale | $ 880 | $ 1,745 |
Disclosures about Fair Value _4
Disclosures about Fair Value of Financial Instruments (Schedule of Nonrecurring Level 3 Fair Value Measurements) (Details) $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | $ 6,628 | $ 8,728 |
Foreclosed assets held-for-sale | 880 | 1,745 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | 6,628 | 8,728 |
Foreclosed assets held-for-sale | 880 | 1,745 |
Level 3 | Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent loans | 6,628 | 8,728 |
Foreclosed assets held-for-sale | $ 880 | $ 1,745 |
Level 3 | Marketability discount | Market comparable properties | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans, measurement input | (0.06) | |
Level 3 | Marketability discount | Market comparable properties | Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans, measurement input | (0.13) | |
Level 3 | Marketability discount | Market comparable properties | Minimum [Member] | Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans, measurement input | 0.04 | 0 |
Foreclosed assets held-for-sale, measurement input | (0.10) | (0.10) |
Level 3 | Marketability discount | Market comparable properties | Maximum [Member] | Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans, measurement input | 0.06 | 1 |
Foreclosed assets held-for-sale, measurement input | 0.10 | 0.10 |
Disclosures about Fair Value _5
Disclosures about Fair Value of Financial Instruments (Schedule of Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financial Assets | ||
Available-for-sale securities | $ 751,251 | $ 686,901 |
Restricted equity securities | 16,700 | 12,536 |
Financial Liabilities | ||
Federal Home Loan Bank advances | 314,031 | 218,111 |
Carrying Amount | ||
Financial Assets | ||
Cash and cash equivalents | 262,971 | 300,138 |
Available-for-sale securities | 751,251 | 769,641 |
Loans, net of allowance for loan losses | 5,582,509 | 5,310,954 |
Restricted equity securities | 16,700 | 12,536 |
Interest receivable | 30,385 | 29,507 |
Equity securities | 3,242 | 2,870 |
Derivative assets | 7,907 | 11,038 |
Financial Liabilities | ||
Deposits | 5,837,314 | 5,651,308 |
Federal funds purchased and repurchase agreements | 74,968 | |
Federal Home Loan Bank line of credit | 183,437 | |
Federal Home Loan Bank advances | 130,594 | 143,143 |
Other borrowings | 17,970 | 35,457 |
Interest payable | 9,571 | 5,713 |
Derivative liabilities | 11,791 | 16,442 |
Estimate of Fair Value Measurement | Level 1 | ||
Financial Assets | ||
Cash and cash equivalents | 262,971 | 300,138 |
Available-for-sale securities | 0 | 0 |
Loans, net of allowance for loan losses | 0 | 0 |
Restricted equity securities | 0 | 0 |
Interest receivable | 0 | 0 |
Equity securities | 0 | 0 |
Derivative assets | 0 | 0 |
Financial Liabilities | ||
Deposits | 969,701 | 1,400,260 |
Federal funds purchased and repurchase agreements | 0 | |
Federal Home Loan Bank line of credit | 0 | |
Federal Home Loan Bank advances | 0 | 0 |
Other borrowings | 0 | 0 |
Interest payable | 0 | 0 |
Derivative liabilities | 0 | 0 |
Estimate of Fair Value Measurement | Level 2 | ||
Financial Assets | ||
Cash and cash equivalents | 0 | 0 |
Available-for-sale securities | 751,251 | 686,901 |
Loans, net of allowance for loan losses | 0 | 0 |
Restricted equity securities | 0 | 0 |
Interest receivable | 30,385 | 29,507 |
Equity securities | 0 | 0 |
Derivative assets | 7,907 | 11,038 |
Financial Liabilities | ||
Deposits | 0 | 0 |
Federal funds purchased and repurchase agreements | 74,968 | |
Federal Home Loan Bank line of credit | 183,437 | |
Federal Home Loan Bank advances | 125,909 | 135,086 |
Other borrowings | 18,382 | 36,529 |
Interest payable | 9,571 | 5,713 |
Derivative liabilities | 11,791 | 16,442 |
Estimate of Fair Value Measurement | Level 3 | ||
Financial Assets | ||
Cash and cash equivalents | 0 | 0 |
Available-for-sale securities | 0 | 0 |
Loans, net of allowance for loan losses | 5,587,995 | 5,307,607 |
Restricted equity securities | 16,700 | 12,536 |
Interest receivable | 0 | 0 |
Equity securities | 3,242 | 2,870 |
Derivative assets | 0 | 0 |
Financial Liabilities | ||
Deposits | 4,879,677 | 4,142,673 |
Federal funds purchased and repurchase agreements | 0 | |
Federal Home Loan Bank line of credit | 0 | |
Federal Home Loan Bank advances | 0 | 0 |
Other borrowings | 0 | 0 |
Interest payable | 0 | 0 |
Derivative liabilities | $ 0 | $ 0 |
Commitments and Credit Risk (Sc
Commitments and Credit Risk (Schedule of Commitments) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Loss Contingencies [Line Items] | ||
Total commitments | $ 2,801,614 | $ 2,912,871 |
Commitments To Originate Loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total commitments | 202,975 | 134,961 |
Standby Letters Of Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Total commitments | 65,124 | 66,889 |
Lines Of Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Total commitments | 2,528,595 | 2,705,730 |
Future Lease Commitments [Member] | ||
Loss Contingencies [Line Items] | ||
Total commitments | 1,888 | 1,888 |
Commitments Related To Investment Fund [Member] | ||
Loss Contingencies [Line Items] | ||
Total commitments | $ 3,032 | $ 3,403 |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) - shares | Apr. 21, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Subsequent Event [Line Items] | |||
Warrants outstanding (in shares) | 80,000 | 80,000 | |
Subsequent Event | |||
Subsequent Event [Line Items] | |||
Warrants outstanding (in shares) | 80,000 |