Quarterly report pursuant to Section 13 or 15(d)

Off-Balance Sheet Commitments (Tables)

v3.24.3
Off-Balance Sheet Commitments (Tables)
9 Months Ended
Sep. 30, 2024
Risks and Uncertainties [Abstract]  
Distribution of Total Loan Commitments

The following table shows the distribution of total loan commitments as of the dates indicated:

 

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Unused commitments to extend credit

 

$

739,975

 

 

$

813,960

 

Standby letters of credit

 

 

95,657

 

 

 

83,725

 

Commercial letters of credit

 

 

18,589

 

 

 

33,140

 

Total commitments

 

$

854,221

 

 

$

930,825

 

Allowance for Credit Losses Related to Off-Balance Sheet Items

Activity in the allowance for credit losses related to off-balance sheet items was as follows for the periods indicated:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Balance at beginning of period

 

$

2,010

 

 

$

2,475

 

 

$

2,474

 

 

$

3,114

 

Credit loss recovery

 

 

(26

)

 

 

(13

)

 

 

(490

)

 

 

(652

)

Balance at end of period

 

$

1,984

 

 

$

2,462

 

 

$

1,984

 

 

$

2,462