Quarterly report [Sections 13 or 15(d)]

Off-Balance Sheet Commitments (Tables)

v3.25.3
Off-Balance Sheet Commitments (Tables)
9 Months Ended
Sep. 30, 2025
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,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Unused commitments to extend credit

 

$

952,475

 

 

$

782,291

 

Standby letters of credit

 

 

137,509

 

 

 

97,463

 

Commercial letters of credit

 

 

5,639

 

 

 

18,324

 

Total commitments

 

$

1,095,623

 

 

$

898,078

 

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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

 

(in thousands)

 

Balance at beginning of period

 

$

2,506

 

 

$

2,010

 

 

$

2,074

 

 

$

2,474

 

Credit loss expense (recovery)

 

 

(399

)

 

 

(26

)

 

 

33

 

 

 

(490

)

Balance at end of period

 

$

2,107

 

 

$

1,984

 

 

$

2,107

 

 

$

1,984