v3.25.2
Loans and Allowance for Credit Losses on Loans HFI (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of June 30, 2025 and December 31, 2024, by class of financing receivable are as follows:
 June 30,December 31,
 2025 2024 
Commercial and industrial$1,788,911 $1,691,213 
Construction1,022,678 1,087,732 
Residential real estate:
1-to-4 family mortgage1,660,696 1,616,754 
Residential line of credit641,433 602,475 
Multi-family mortgage587,254 653,769 
Commercial real estate:
Owner-occupied1,370,123 1,357,568 
Non-owner occupied2,198,689 2,099,129 
Consumer and other604,498 493,744 
Gross loans9,874,282 9,602,384 
Less: Allowance for credit losses on loans HFI(148,948)(151,942)
Net loans$9,725,334 $9,450,442 
Schedule of Credit Quality of Loan Portfolio by Year of Origination
The following tables present the credit quality of the Company's commercial type loan portfolio as of June 30, 2025 and December 31, 2024 and the gross charge-offs for the six months ended June 30, 2025 and the year ended December 31, 2024 by year of origination. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination.
As of and for the six months
    ended June 30, 2025
2025 2024 2023 2022 2021 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$134,434 $176,807 $161,399 $98,991 $45,240 $106,721 $995,651 $1,719,243 
Special Mention59 1,800 2,193 2,091 136 5,246 27,839 39,364 
Classified149 65 204 15,673 1,697 6,108 6,408 30,304 
Total134,642 178,672 163,796 116,755 47,073 118,075 1,029,898 1,788,911 
            Current-period gross
               charge-offs		— — 54 — — 2,314 603 2,971 
Construction
Pass105,995 186,906 65,142 249,476 84,739 67,132 204,970 964,360 
Special Mention— — 780 11,663 39 16 — 12,498 
Classified— 154 2,917 20,410 253 8,064 14,022 45,820 
Total105,995 187,060 68,839 281,549 85,031 75,212 218,992 1,022,678 
            Current-period gross
               charge-offs		— — — — — — — — 
Residential real estate:
Multi-family mortgage
Pass16,921 17,080 3,709 192,237 204,404 118,911 24,410 577,672 
Special Mention— — — — — — — — 
Classified— — — — 9,564 18 — 9,582 
Total16,921 17,080 3,709 192,237 213,968 118,929 24,410 587,254 
             Current-period gross
                charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass87,430 178,509 98,884 245,159 199,869 431,728 102,403 1,343,982 
Special Mention— — — 1,152 6,273 6,392 170 13,987 
Classified— — — 5,889 265 5,613 387 12,154 
Total87,430 178,509 98,884 252,200 206,407 443,733 102,960 1,370,123 
            Current-period gross
              charge-offs		— — — — — — 17 17 
Non-owner occupied
Pass106,405 199,184 47,425 500,050 448,941 781,611 94,785 2,178,401 
Special Mention— — 4,800 — 498 10,151 — 15,449 
Classified— — — — — 4,839 — 4,839 
Total106,405 199,184 52,225 500,050 449,439 796,601 94,785 2,198,689 
             Current-period gross
                charge-offs		— — — — — — — — 
Total commercial loan types
Pass451,185 758,486 376,559 1,285,913 983,193 1,506,103 1,422,219 6,783,658 
Special Mention59 1,800 7,773 14,906 6,946 21,805 28,009 81,298 
Classified149 219 3,121 41,972 11,779 24,642 20,817 102,699 
Total$451,393 $760,505 $387,453 $1,342,791 $1,001,918 $1,552,550 $1,471,045 $6,967,655 
            Current-period gross
                charge-offs		$— $— $54 $— $— $2,314 $620 $2,988 
As of and for the year ended
  December 31, 2024 		2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$194,185 $182,677 $130,148 $56,460 $29,735 $104,236 $909,398 $1,606,839 
Special Mention2,684 2,425 7,609 277 285 2,015 24,345 39,640 
Classified— 175 19,125 4,424 1,659 6,201 13,150 44,734 
Total196,869 185,277 156,882 61,161 31,679 112,452 946,893 1,691,213 
              Current-period gross
                 charge-offs		— 116 950 506 1,234 7 8,267 11,080 
Construction
Pass190,058 116,122 349,716 99,225 27,616 54,099 199,596 1,036,432 
Special Mention156 87 15,432 389 10 576 — 16,650 
Classified— — 7,314 290 8,335 — 18,711 34,650 
Total190,214 116,209 372,462 99,904 35,961 54,675 218,307 1,087,732 
              Current-period gross
                  charge-offs		— — 122 — — — — 122 
Residential real estate:
Multi-family mortgage
Pass40,076 3,800 232,415 223,076 51,948 69,652 21,883 642,850 
Special Mention— — — — — — — — 
Classified— — — 9,919 — 1,000 — 10,919 
Total40,076 3,800 232,415 232,995 51,948 70,652 21,883 653,769 
             Current-period gross
                 charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass185,416 103,060 247,049 215,798 102,580 396,288 84,226 1,334,417 
Special Mention— — 1,370 2,582 — 6,133 — 10,085 
Classified— — 6,324 235 61 5,371 1,075 13,066 
Total185,416 103,060 254,743 218,615 102,641 407,792 85,301 1,357,568 
              Current-period gross
                  charge-offs		— — — — — — — — 
Non-owner occupied
Pass198,591 36,027 526,417 445,598 111,943 689,15858,255 2,065,989 
Special Mention— 4,836 — 1,527 — 19,311— 25,674 
Classified— — — 136 — 7,330— 7,466 
Total198,591 40,863 526,417 447,261 111,943 715,799 58,255 2,099,129 
               Current-period gross
                   charge-offs		— — — — — — — — 
Total commercial loan types
Pass808,326 441,686 1,485,745 1,040,157 323,822 1,313,433 1,273,358 6,686,527 
Special Mention2,840 7,348 24,411 4,775 295 28,035 24,345 92,049 
Classified— 175 32,763 15,004 10,055 19,902 32,936 110,835 
Total$811,166 $449,209 $1,542,919 $1,059,936 $334,172 $1,361,370 $1,330,639 $6,889,411 
              Current-period gross
                  charge-offs		— 116 1,072 506 1,234 7 8,267 11,202 
The following tables present the credit quality by classification (performing or nonperforming) of the Company’s consumer type loan portfolio as of June 30, 2025 and December 31, 2024 and the gross charge-offs for the six months ended June 30, 2025 and the year ended December 31, 2024 by year of origination. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination.
As of and for the six months
    ended June 30, 2025
2025 2024 2023 2022 2021 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$158,292 $205,150 $147,513 $417,939 $338,939 $368,099 $— $1,635,932 
Nonperforming— 194 907 8,660 6,218 8,785 — 24,764 
Total158,292 205,344 148,420 426,599 345,157 376,884 — 1,660,696 
          Current-period gross
             charge-offs		— — 3 — — 433 — 436 
Residential line of credit
Performing— — — — — — 639,625 639,625 
Nonperforming— — — — — — 1,808 1,808 
Total— — — — — — 641,433 641,433 
          Current-period gross
             charge-offs		— — — — — — — — 
Consumer and other
Performing94,565 159,522 90,219 74,564 33,020 135,669 627 588,186 
Nonperforming— 2,424 3,520 1,434 2,613 6,320 1 16,312 
       Total94,565 161,946 93,739 75,998 35,633 141,989 628 604,498 
           Current-period gross
              charge-offs		998 136 76 104 86 521 2 1,923 
Total consumer type loans
Performing252,857 364,672 237,732 492,503 371,959 503,768 640,252 2,863,743 
Nonperforming— 2,618 4,427 10,094 8,831 15,105 1,809 42,884 
        Total$252,857 $367,290 $242,159 $502,597 $380,790 $518,873 $642,061 $2,906,627 
            Current-period gross
             charge-offs		$998 $136 $79 $104 $86 $954 $2 $2,359 
As of and for the year ended
  December 31, 2024 		2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$223,520 $165,395 $443,372 $360,188 $129,674 $266,661 $— $1,588,810 
Nonperforming27 941 7,254 6,357 4,192 9,173 — 27,944 
Total223,547 166,336 450,626 366,545 133,866 275,834 — 1,616,754 
           Prior-period gross
               charge-offs		10 54 150 130 67 28 — 439 
Residential line of credit
Performing— — — — — — 600,581 600,581 
Nonperforming— — — — — — 1,894 1,894 
Total— — — — — — 602,475 602,475 
           Prior-period gross
               charge-offs		— — — — — — 73 73 
Consumer and other
Performing139,684 93,817 76,286 35,507 29,387 102,233 652 477,566 
Nonperforming1,300 1,749 1,686 3,139 2,548 5,755 1 16,178 
       Total140,984 95,566 77,972 38,646 31,935 107,988 653 493,744 
            Prior-period gross
               charge-offs		1,593 511 302 278 69 298 — 3,051 
Total consumer type loans
Performing363,204 259,212 519,658 395,695 159,061 368,894 601,233 2,666,957 
Nonperforming1,327 2,690 8,940 9,496 6,740 14,928 1,895 46,016 
       Total$364,531 $261,902 $528,598 $405,191 $165,801 $383,822 $603,128 $2,712,973 
             Prior-period gross
                 charge-offs		1,603 565 452 408 136 326 73 3,563 
Schedule of Analysis of Aging by Class of Financing Receivable
The following tables represent an analysis of the aging by class of financing receivable as of June 30, 2025 and December 31, 2024:
June 30, 202530-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$1,127 $124 $2,692 $1,784,968 $1,788,911 
Construction16,494 154 28,872 977,158 1,022,678 
Residential real estate:
1-to-4 family mortgage22,388 16,385 8,379 1,613,544 1,660,696 
Residential line of credit3,347 700 1,108 636,278 641,433 
Multi-family mortgage— — 9,582 577,672 587,254 
Commercial real estate:
Owner occupied2,248 46 7,861 1,359,968 1,370,123 
Non-owner occupied— — 3,697 2,194,992 2,198,689 
Consumer and other18,768 4,553 11,759 569,418 604,498 
Total$64,372 $21,962 $73,950 $9,713,998 $9,874,282 
 
December 31, 202430-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current on payments and accruing interest Total
Commercial and industrial$1,204 $730 $9,661 $1,679,618 $1,691,213 
Construction3,288 538 10,915 1,072,991 1,087,732 
Residential real estate:
1-to-4 family mortgage24,376 15,319 12,625 1,564,434 1,616,754 
Residential line of credit2,302 357 1,537 598,279 602,475 
Multi-family mortgage979 — 21 652,769 653,769 
Commercial real estate:
Owner occupied1,996 94 9,551 1,345,927 1,357,568 
Non-owner occupied— 3,512 2,667 2,092,950 2,099,129 
Consumer and other13,710 3,797 12,381 463,856 493,744 
Total$47,855 $24,347 $59,358 $9,470,824 $9,602,384 
Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans
The following tables provide the amortized cost basis of loans on nonaccrual status, as well as any related allowance as of June 30, 2025 and December 31, 2024 by class of financing receivable.
June 30, 2025Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance
Commercial and industrial$364 $2,328 
Construction10,688 18,184 
Residential real estate:
1-to-4 family mortgage— 8,379 
Residential line of credit— 1,108 
Multi-family mortgage— 9,582 
Commercial real estate:
Owner occupied6,042 1,819 
Non-owner occupied3,457 240 
Consumer and other— 11,759 
Total$20,551 $53,399 
December 31, 2024
Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance
Commercial and industrial$5,294 $4,367 
Construction1,653 9,262 
Residential real estate:
1-to-4 family mortgage1,562 11,063 
Residential line of credit148 1,389 
Multi-family mortgage— 21 
Commercial real estate:
Owner occupied6,415 3,136 
Non-owner occupied2,224 443 
Consumer and other— 12,381 
Total$17,296 $42,062 
The following presents interest income recognized on nonaccrual loans for the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Commercial and industrial$27 $345 $30 $569 
Construction496 79 502 140 
Residential real estate:
1-to-4 family mortgage6 34 6 34 
Residential line of credit24 23 31 39 
Multi-family mortgage166 1 166 1 
Commercial real estate:
Owner occupied— 75 8 124 
Non-owner occupied112 54 112 89 
Consumer and other55 — 59 — 
Total$886 $611 $914 $996 
Schedule of Amortized Cost of FDM Loans and Financial Effects of Loan Modifications
The following tables present the amortized cost of FDM loans as of June 30, 2025 and 2024 by class of financing receivable and type of concession granted that were modified during the three and six months ended June 30, 2025 and 2024.
Three Months Ended June 30, 2025Payment deferral and term extensionTerm ExtensionPayment deferralTotal% of total class of financing receivables
Commercial and industrial$100 $— $— $100 — %
Construction3,305 — — 3,305 0.3 %
Residential real estate:
1-to-4 family mortgage— 463 1,833 2,296 0.1 %
     Total$3,405 $463 $1,833 $5,701 0.1 %
Six Months Ended June 30, 2025Payment deferral and term extensionTerm ExtensionPayment deferralInterest Rate ReductionInterest Rate Reduction and Term ExtensionTotal% of total class of financing receivables
Commercial and
    industrial		$100 $149 $— $— $— $249 — %
Construction3,305 540 — 144 — 3,989 0.4 %
Residential real estate:
1-to-4 family mortgage— 463 1,833 — — 2,296 0.1 %
Consumer and other— — — — 63 63 — %
     Total$3,405 $1,152 $1,833 $144 $63 $6,597 0.1 %
Three Months Ended June 30, 2024Term extensionPayment deferral and term extensionInterest rate reduction and term extensionTotal% of total class of financing receivables
Consumer and other18 — 98 116 — %
     Total$18 $— $98 $116 — %

Six Months Ended June 30, 2024Term extensionPayment deferral and term extensionInterest rate reduction and term extensionTotal% of total class of financing receivables
Construction$— $14,236 $— $14,236 1.2 %
Commercial real estate:
Non-owner occupied10,351 — — 10,351 0.5 %
Consumer and other40 — 98 138 — %
     Total$10,391 $14,236 $98 $24,725 0.3 %
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty:
Three Months Ended June 30, 2025Weighted average term extension
(in months)		Weighted average payment deferral
(in months)
Commercial and industrial44
Construction44
Residential real estate:
1-to-4 family mortgage3004
Six months ended June 30, 2025Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and
   industrial		234—%
Construction442.50%
Residential real estate:
1-to-4 family mortgage3004—%
Consumer and other13—2.00%
Three Months Ended June 30, 2024Weighted average term extension
(in months)		Weighted average interest rate reduction
Consumer and other211.49%
Six Months Ended June 30, 2024Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Construction63—%
Commercial real estate:
Non-owner occupied6——
Consumer and other25—1.49%
Schedule of Payment Status Recorded Investment The tables below depict the performance of loans HFI as of June 30, 2025 and 2024 made to borrowers experiencing financial difficulty that were modified in the prior twelve months.
June 30, 202530-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$— $— $— $249 $249 
Construction— — 5,312 683 5,995 
Residential real estate:
1-to-4 family mortgage367 — — 2,609 2,976 
Residential line of credit— — — 29 29 
Commercial real estate:
Owner-occupied— — — — — 
Consumer and other— — — 62 62 
Total$367 $— $5,312 $3,632 $9,311 
(1) Loans were on nonaccrual when modified and subsequently classified as FDM.
June 30, 202430-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Construction$— $— $— $14,236 $14,236 
Residential real estate:
1-to-4 family mortgage— — 24 — 24 
Commercial real estate:
Non-owner occupied— — — 10,351 10,351 
Consumer and other— — — 138 138 
Total$— $— $24 $24,725 $24,749 
(1) Loans were on nonaccrual when modified and subsequently classified as FDM.
Schedule of Collateral-Dependent Loans
For collateral-dependent loans, or those loans for which repayment is expected to be provided substantially through the operation or sale of collateral, where the borrower is also experiencing financial difficulty, the following tables present the loans by class of financing receivable.
June 30, 2025
Type of Collateral
Real EstateLandBusiness AssetsTotal
Commercial and industrial$1,462 $6 $12 $1,480 
Construction32,672 7,147 — 39,819 
Residential real estate:
1-to-4 family mortgage1,745 — — 1,745 
Multi-family mortgage9,564 — — 9,564 
Commercial real estate:
Owner occupied— 6,042 1,687 7,729 
Non-owner occupied4,599 — — 4,599 
Total$50,042 $13,195 $1,699 $64,936 
December 31, 2024
Type of Collateral
Real EstateLandBusiness AssetsTotal
Commercial and industrial$— $— $8,492 $8,492 
Construction22,047 1,653 — 23,700 
Residential real estate:
1-to-4 family mortgage1,843 — — 1,843 
Residential line of credit148 — — 148 
Multi-family mortgage9,919 — — 9,919 
Commercial real estate:
Owner occupied— 6,415 — 6,415 
Non-owner occupied6,886 — — 6,886 
Total$40,843 $8,068 $8,492 $57,403 
Schedule of Changes in Allowance for Credit Losses on Loans HFI by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and six months ended June 30, 2025 and 2024:
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended June 30, 2025
Beginning balance -
March 31, 2025
$15,521 $25,652 $26,200 $11,196 $11,416 $12,074 $28,319 $20,153 $150,531 
Loans charged off(70)— (433)— — — — (951)(1,454)
Recoveries of loans
previously charged-off
173 — 11 1 — 9 528 251 973 
Impact of change in
    accounting estimate for
    current expected credit
    losses		3,504 (4,705)2,717 (3,428)258 (1,074)(1,747)(2,373)(6,848)
Provision for (reversal of)
    credit losses on loans
    HFI		1,143 901 1,767 902 (780)930 (797)1,680 5,746 
Ending balance -
June 30, 2025
$20,271 $21,848 $30,262 $8,671 $10,894 $11,939 $26,303 $18,760 $148,948 
Six Months Ended June 30, 2025
Beginning balance -
December 31, 2024
$16,667 $31,698 $25,340 $10,952 $10,512 $11,993 $25,531 $19,249 $151,942 
Loans charged-off(2,971)— (436)— — (17)— (1,923)(5,347)
Recoveries of loans
previously charged-off
215 — 20 1 — 30 529 754 1,549 
Impact of change in
    accounting estimate for
    current expected credit
    losses		3,504 (4,705)2,717 (3,428)258 (1,074)(1,747)(2,373)(6,848)
Provision for (reversal of)
    credit losses on loans
    HFI		2,856 (5,145)2,621 1,146 124 1,007 1,990 3,053 7,652 
Ending balance -
June 30, 2025
$20,271 $21,848 $30,262 $8,671 $10,894 $11,939 $26,303 $18,760 $148,948 
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended June 30, 2024
Beginning balance -
March 31 2024
$17,272 $37,308 $26,128 $9,918 $8,973 $10,749 $23,949 $17,370 $151,667 
Loans charged off(26)— (293)— — — — (594)(913)
Recoveries of loans
previously charged-off
20 — 10 — — 188 — 143 361 
Provision for (reversal of)
    credit losses on loans
    HFI		5,264 (3,138)(214)179 (163)375 594 1,043 3,940 
Ending balance -
June 30, 2024
$22,530 $34,170 $25,631 $10,097 $8,810 $11,312 $24,543 $17,962 $155,055 
Six Months Ended June 30, 2024 
Beginning balance -
December 31, 2023
$19,599 $35,372 $26,505 $9,468 $8,842 $10,653 $22,965 $16,922 $150,326 
Loans charged-off(69)(92)(293)(20)— — — (1,366)(1,840)
Recoveries of loans
previously charged-off
34 — 66 — — 228 — 449 777 
Provision for (reversal of)
    credit losses on loans
    HFI		2,966 (1,110)(647)649 (32)431 1,578 1,957 5,792 
Ending balance -
  June 30, 2024		$22,530 $34,170 $25,631 $10,097 $8,810 $11,312 $24,543 $17,962 $155,055