v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Restated) (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Supplemental Cash Flows
The following table summarizes supplemental cash flow information:
Years Ended December 31,
(dollars in thousands)202420232022
Supplemental disclosures of cash flow information:
Cash payments for:
Interest paid on deposits and borrowed funds$189,599 $159,139 $55,069 
Income tax paid (net of refunds)22,543 25,120 36,514 
Supplemental disclosures of noncash investing and financing activities:
Transfer of loans to loans held for sale406,561 — 103,357 
Transfer of loans to other real estate owned1,031 9,112 517 
Transfer of loan servicing rights, at lower of cost or market to loan servicing rights held for sale— — 23,995 
Transfer of loan servicing rights held for sale to loan servicing rights, at lower of cost or market— 20,745 — 
Right of use assets obtained in exchange for lease obligations2,889 2,470 502 
Schedule of Loans
The table below identifies the Company’s loan portfolio segments and classes.
SegmentClass
CommercialCommercial
Commercial Other
Commercial Real EstateCommercial Real Estate Non-Owner Occupied
Commercial Real Estate Owner Occupied
Multi-Family
Farmland
Construction and Land DevelopmentConstruction and Land Development
Residential Real EstateResidential First Lien
Other Residential
ConsumerConsumer
Consumer Other
Lease FinancingLease Financing
The following table presents total loans outstanding by portfolio class, as of December 31, 2024 and December 31, 2023:
(dollars in thousands)December 31,
2024
December 31, 2023
(Restated)
Commercial:
Commercial$818,496 $825,938 
Commercial other541,324 679,516 
Commercial real estate:
Commercial real estate non-owner occupied1,628,961 1,622,668 
Commercial real estate owner occupied440,806 436,857 
Multi-family454,249 279,904 
Farmland67,648 67,416 
Construction and land development299,842 452,593 
Total commercial loans4,251,326 4,364,892 
Residential real estate:
Residential first lien315,775 317,388 
Other residential64,782 63,195 
Consumer:
Consumer96,202 107,743 
Consumer other48,099 777,024 
Lease financing391,390 473,350 
Total loans$5,167,574 $6,103,592