Investor Presentaiton
($000)
Allowance for Credit Losses
Allowance for Credit Losses (ACL) Walk-Forward
$6,996
$167,300
($6,611)
($20)
$12,855
$180,520
3Q22 ACL
Loan Growth
NCOs
Specific Reserve Model / Forecast
Changes
4Q22 ACL
Allowance for Credit Losses (ACL)
1.18%
1.12%
0.97%
1.02%
1.05%
$181
$167
$146
$153
$114
4Q21
1Q22
ACL - Allowance for Credit Losses $
2Q22
Note: ACL includes the reserve for unfunded commitments
3Q22
4Q22
ACL - Allowance for Credit Losses %
✓ The provision for credit losses
was $19.8 million in 4Q22
✓ Loan growth accounted for
$7.0 million of the provision
increase
✓ A weakening Moody's
economic forecast drove
$12.9 million in reserve build
for the quarter
✓ Reserve levels continue to
strengthen to 1.18% of loans
from 0.97% in 4Q21
18 U
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