| Distribution of Undisbursed Loan Commitments |
The following table shows the distribution of undisbursed loan commitments as of the dates indicated:
|
|
|
|
|
|
|
|
|
|
June 30, 2019 |
|
December 31, 2018 |
|
(in thousands) |
Commitments to extend credit |
$ |
311,129 |
|
|
$ |
325,100 |
|
Standby letters of credit |
32,663 |
|
|
32,500 |
|
Commercial letters of credit |
9,930 |
|
|
13,848 |
|
Total undisbursed loan commitments |
$ |
353,722 |
|
|
$ |
371,448 |
|
|
| 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 June 30, |
|
As of and for the Six Months Ended June 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
(in thousands) |
Balance at beginning of period |
$ |
32,896 |
|
|
$ |
31,777 |
|
|
$ |
31,974 |
|
|
$ |
31,043 |
|
Loans and leases charged off |
(1,536 |
) |
|
(657 |
) |
|
(2,634 |
) |
|
$ |
(2,289 |
) |
Recoveries on loans and leases previously charged off |
1,327 |
|
|
598 |
|
|
2,230 |
|
|
$ |
2,315 |
|
Net (charge-offs) recoveries |
(209 |
) |
|
(59 |
) |
|
(404 |
) |
|
26 |
|
Loan and lease loss provision |
16,699 |
|
|
100 |
|
|
17,816 |
|
|
$ |
749 |
|
Balance at end of period |
$ |
49,386 |
|
|
$ |
31,818 |
|
|
$ |
49,386 |
|
|
$ |
31,818 |
|
Activity in the allowance for loan off-balance sheet items was as follows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
(in thousands) |
Balance at beginning of period |
$ |
1,100 |
|
|
$ |
1,323 |
|
|
$ |
1,439 |
|
|
$ |
1,296 |
|
Provision (income) |
233 |
|
|
34 |
|
|
(106 |
) |
|
61 |
|
Balance at end of period |
$ |
1,333 |
|
|
$ |
1,357 |
|
|
$ |
1,333 |
|
|
$ |
1,357 |
|
|