Annual report [Section 13 and 15(d), not S-K Item 405]

Off-Balance Sheet Commitments (Tables)

v3.25.4
Off-Balance Sheet Commitments (Tables)
12 Months Ended
Dec. 31, 2025
Risks and Uncertainties [Abstract]  
Distribution of Undisbursed Loan Commitments

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

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Commitments to extend credit

 

$

930,122

 

 

$

782,291

 

Standby letters of credit

 

 

163,071

 

 

 

97,463

 

Commercial letters of credit

 

 

5,761

 

 

 

18,324

 

Total undisbursed loan commitments

 

$

1,098,954

 

 

$

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:

 

 

 

As of and for the Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Balance at beginning of period

 

$

2,074

 

 

$

2,474

 

 

$

3,114

 

Provision (recovery) for credit losses

 

 

275

 

 

 

(400

)

 

 

(640

)

Balance at end of period

 

$

2,349

 

 

$

2,074

 

 

$

2,474