Quarterly report pursuant to Section 13 or 15(d)

Off-Balance Sheet Commitments (Tables)

v3.10.0.1
Off-Balance Sheet Commitments (Tables)
 9 Months Ended
Sep. 30, 2018
Risks and Uncertainties [Abstract]  
Distribution of Undisbursed Loan Commitments
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
 
September 30, 2018
 
December 31, 2017
 
(in thousands)
Commitments to extend credit
$
358,570

 
$
318,634

Standby letters of credit
29,404

 
19,294

Commercial letters of credit
10,975

 
9,308

Total undisbursed loan commitments
$
398,949

 
$
347,236

Allowance For Loan Losses And Allowance For Off Balance Sheet Items
Activity in the allowance for loan and lease losses was as follows for the periods indicated:
 
As of and for the Three Months Ended September 30,
 
As of and for the Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands)
Allowance for loan and lease losses:
 
 
 
 
 
 
 
Balance at beginning of period
$
31,818

 
$
33,758

 
$
31,043

 
$
32,429

 
 
 
 
 
 
 
 
Charge-offs
(1,246
)
 
(2,405
)
 
(3,535
)
 
$
(3,256
)
Recoveries on loans and leases previously charged off
904

 
871

 
3,219

 
$
2,709

Net charge-offs
(342
)
 
(1,534
)

(316
)
 
(547
)
 
 
 
 
 
 
 
 
Loan and lease loss provision
200

 
268

 
949

 
$
610

Balance at end of period
$
31,676

 
$
32,492

 
$
31,676

 
$
32,492

Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands)
Balance at beginning of period
$
1,357

 
$
1,135

 
$
1,296

 
$
1,184

Provision (income)
—

 
(220
)
 
61

 
(269
)
Balance at end of period
$
1,357

 
$
915

 
$
1,357

 
$
915