Investor Presentation | Fourth Quarter 2023
Allowance for Credit Losses
Allocation of Allowance by Segment
CECL Adoption
January 1, 2020
September 30, 2023
($ Thousands)
Allowance for Credit Losses
Loans
(Excl LHFS)
ACL
Amount
December 31, 2023
ACL % of
Loans
Loans
ACL
(Excl LHFS) Amount
ACL % of
Loans
Loans
ACL
ACL % of
(Excl LHFS) Amount
Loans
Commercial real estate:
CRE non-owner occupied
CRE owner occupied
$ 1,609,556 $
546,434
Multifamily
517,725
12,649 0.79%
4,308 0.79%
5,633 1.09%
$2,171,422
$ 33,723
1.55%
$ 2,217,806 $
35,077
1.58%
958,054
14,503
1.51%
956,440
15,081
1.58%
959,361
14,239
1.48%
949,502
14,418 1.52%
Farmland
145,067
1,253 0.86%
278,608
4,210
1.51%
271,054
4,288 1.58%
Total commercial real estate loans
$ 2,818,782 $
23,843
0.85%
$4,367,445 $ 66,675
1.53%
$ 4,394,802 $
68,864
1.57%
Consumer:
SFR 1-4 1st DT
$ 509,508 $
SFR HELOCS and junior liens
Other
Total consumer loans
$
362,886
82,656
955,050 $
4,981 0.98%
10,821 2.98%
$ 870,209 $ 13,535
1.56%
352,798
10,163
2.88%
2,566 3.10%
65,803
2,920
4.44%
$ 883,437 $
356,813
73,017
14,009
1.59%
10,273 2.88%
3,171 4.34%
18,368
1.92%
$1,288,810 $ 26,618
2.07%
$ 1,313,267 $
27,453
2.09%
Commercial and industrial
$ 249,791 $
2,906
1.16%
$ 599,757 $ 12,290
2.05%
$ 586,455 $
12,750 2.17%
Construction
249,827
4,321
1.73%
320,963
8,097
2.52%
347,198
8,856
2.55%
Agriculture production
32,633
82
0.25%
123,472
2,125
1.72%
144,497
3,589
2.48%
Leases
1,283
9
0.70%
8,219
7
0.09%
8,250
10
0.12%
Total Loans and ACL
$ 4,307,366 $
49,529
1.15%
$6,708,666 $ 115,812
1.73%
$ 6,794,469 $ 121,522
1.79%
Reserve for Unfunded Loan Commitments
Allowance for Credit Losses
$ 4,307,366 $
Discounts on Acquired Loans
Total ACL Plus Discounts
$ 4,307,366 $
2,775
52,304 1.21%
33,033
85,337 1.98%
5,900
$6,708,666 $121,712
26,098
$6,708,666 $ 147,810
5,850
1.81%
$ 6,794,469 $ 127,372
1.87%
24,639
2.20%
$ 6,794,469 $ 152,011
2.24%
27
2
Investor Presentation | Fourth Quarter 2023
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