Quarterly report pursuant to Section 13 or 15(d)

Off-Balance Sheet Commitments (Tables)

v3.19.3
Off-Balance Sheet Commitments (Tables)
6 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
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