v3.26.1
Off-Balance Sheet Commitments (Tables)
6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
Distribution of Total Loan Commitments

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

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Unused commitments to extend credit

 

$

946,544

 

 

$

930,122

 

Standby letters of credit

 

 

205,160

 

 

 

163,071

 

Commercial letters of credit

 

 

17,706

 

 

 

5,761

 

Total commitments

 

$

1,169,410

 

 

$

1,098,954

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Balance at beginning of period

 

$

2,078

 

 

$

2,399

 

 

$

2,349

 

 

$

2,074

 

Credit loss expense (recovery)

 

 

(85

)

 

 

107

 

 

 

(356

)

 

 

432

 

Balance at end of period

 

$

1,993

 

 

$

2,506

 

 

$

1,993

 

 

$

2,506