| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
| |
(3)
|
Loans and Allowance for Credit Losses on Loans
|
Composition of loans by class follows:
|
(in thousands)
|
|
June 30, 2025
|
|
|
December 31, 2024
|
|
| |
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
1,989,982 |
|
|
$ |
1,835,935 |
|
|
Commercial real estate - owner occupied
|
|
|
1,010,692 |
|
|
|
1,002,853 |
|
|
Total commercial real estate
|
|
|
3,000,674 |
|
|
|
2,838,788 |
|
| |
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
856,838 |
|
|
|
884,399 |
|
|
Commercial and industrial - lines of credit
|
|
|
634,305 |
|
|
|
554,255 |
|
|
Total commercial and industrial
|
|
|
1,491,143 |
|
|
|
1,438,654 |
|
| |
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
851,284 |
|
|
|
805,080 |
|
|
Residential real estate - non-owner occupied
|
|
|
390,784 |
|
|
|
382,744 |
|
|
Total residential real estate
|
|
|
1,242,068 |
|
|
|
1,187,824 |
|
| |
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
671,011 |
|
|
|
623,005 |
|
|
Home equity lines of credit
|
|
|
263,826 |
|
|
|
247,433 |
|
|
Consumer
|
|
|
140,715 |
|
|
|
144,644 |
|
|
Leases
|
|
|
14,563 |
|
|
|
15,514 |
|
|
Credits cards
|
|
|
26,273 |
|
|
|
24,540 |
|
|
Total loans (1)
|
|
$ |
6,850,273 |
|
|
$ |
6,520,402 |
|
(1) Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs.
Accrued interest receivable on loans, which is excluded from the amortized cost of loans, totaled $23 million at both June 30, 2025 and December 31, 2024, respectively, and was included in the condensed consolidated balance sheets.
Loans with carrying amounts of $3.65 billion and $3.48 billion were pledged to secure FHLB borrowing capacity at June 30, 2025 and December 31, 2024, respectively.
Loans to directors and their related interests, including loans to companies for which directors are principal owners and executive officers, totaled $91 million and $97 million as of June 30, 2025 and December 31, 2024, respectively.
ACL for Loans
The tables below reflects activity in the ACL for loans:
| (in thousands)
Three Months Ended June 30, 2025
|
|
Beginning
Balance
|
|
|
Provision for Credit Losses
on Loans
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
14,616 |
|
|
$ |
654 |
|
|
$ |
- |
|
|
$ |
8 |
|
|
$ |
15,278 |
|
|
Commercial real estate - owner occupied
|
|
|
11,839 |
|
|
|
195 |
|
|
|
(38 |
) |
|
|
- |
|
|
|
11,996 |
|
|
Total commercial real estate
|
|
|
26,455 |
|
|
|
849 |
|
|
|
(38 |
) |
|
|
8 |
|
|
|
27,274 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
21,677 |
|
|
|
(943 |
) |
|
|
(82 |
) |
|
|
25 |
|
|
|
20,677 |
|
|
Commercial and industrial - lines of credit
|
|
|
6,629 |
|
|
|
1,312 |
|
|
|
- |
|
|
|
- |
|
|
|
7,941 |
|
|
Total commercial and industrial
|
|
|
28,306 |
|
|
|
369 |
|
|
|
(82 |
) |
|
|
25 |
|
|
|
28,618 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
13,438 |
|
|
|
773 |
|
|
|
- |
|
|
|
54 |
|
|
|
14,265 |
|
|
Residential real estate - non-owner occupied
|
|
|
4,487 |
|
|
|
103 |
|
|
|
(3 |
) |
|
|
- |
|
|
|
4,587 |
|
|
Total residential real estate
|
|
|
17,925 |
|
|
|
876 |
|
|
|
(3 |
) |
|
|
54 |
|
|
|
18,852 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
11,387 |
|
|
|
(253 |
) |
|
|
- |
|
|
|
- |
|
|
|
11,134 |
|
|
Home equity lines of credit
|
|
|
1,280 |
|
|
|
63 |
|
|
|
- |
|
|
|
- |
|
|
|
1,343 |
|
|
Consumer
|
|
|
2,844 |
|
|
|
293 |
|
|
|
(377 |
) |
|
|
117 |
|
|
|
2,877 |
|
|
Leases
|
|
|
341 |
|
|
|
49 |
|
|
|
- |
|
|
|
- |
|
|
|
390 |
|
|
Credit cards
|
|
|
276 |
|
|
|
4 |
|
|
|
(53 |
) |
|
|
7 |
|
|
|
234 |
|
|
Total
|
|
$ |
88,814 |
|
|
$ |
2,250 |
|
|
$ |
(553 |
) |
|
$ |
211 |
|
|
$ |
90,722 |
|
| (in thousands)
Six Months Ended June 30, 2025
|
|
Beginning
Balance
|
|
|
Provision for
Credit Losses
on Loans
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
13,935 |
|
|
$ |
1,317 |
|
|
$ |
- |
|
|
$ |
26 |
|
|
$ |
15,278 |
|
|
Commercial real estate - owner occupied
|
|
|
10,192 |
|
|
|
1,842 |
|
|
|
(38 |
) |
|
|
- |
|
|
|
11,996 |
|
|
Total commercial real estate
|
|
|
24,127 |
|
|
|
3,159 |
|
|
|
(38 |
) |
|
|
26 |
|
|
|
27,274 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
21,284 |
|
|
|
(1,707 |
) |
|
|
(342 |
) |
|
|
1,442 |
|
|
|
20,677 |
|
|
Commercial and industrial - lines of credit
|
|
|
6,496 |
|
|
|
1,445 |
|
|
|
- |
|
|
|
- |
|
|
|
7,941 |
|
|
Total commercial and industrial
|
|
|
27,780 |
|
|
|
(262 |
) |
|
|
(342 |
) |
|
|
1,442 |
|
|
|
28,618 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
14,468 |
|
|
|
(210 |
) |
|
|
(50 |
) |
|
|
57 |
|
|
|
14,265 |
|
|
Residential real estate - non-owner occupied
|
|
|
5,154 |
|
|
|
(564 |
) |
|
|
(3 |
) |
|
|
- |
|
|
|
4,587 |
|
|
Total residential real estate
|
|
|
19,622 |
|
|
|
(774 |
) |
|
|
(53 |
) |
|
|
57 |
|
|
|
18,852 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
10,981 |
|
|
|
153 |
|
|
|
- |
|
|
|
- |
|
|
|
11,134 |
|
|
Home equity lines of credit
|
|
|
1,277 |
|
|
|
76 |
|
|
|
(10 |
) |
|
|
- |
|
|
|
1,343 |
|
|
Consumer
|
|
|
2,531 |
|
|
|
696 |
|
|
|
(580 |
) |
|
|
230 |
|
|
|
2,877 |
|
|
Leases
|
|
|
370 |
|
|
|
20 |
|
|
|
- |
|
|
|
- |
|
|
|
390 |
|
|
Credit cards
|
|
|
255 |
|
|
|
82 |
|
|
|
(144 |
) |
|
|
41 |
|
|
|
234 |
|
|
Total
|
|
$ |
86,943 |
|
|
$ |
3,150 |
|
|
$ |
(1,167 |
) |
|
$ |
1,796 |
|
|
$ |
90,722 |
|
| (in thousands)
Three Months Ended June 30, 2024
|
|
Beginning
Balance
|
|
|
Provision for
Credit Losses
on Loans
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
21,823 |
|
|
$ |
(8,808 |
) |
|
$ |
- |
|
|
$ |
17 |
|
|
$ |
13,032 |
|
|
Commercial real estate - owner occupied
|
|
|
11,230 |
|
|
|
(1,556 |
) |
|
|
- |
|
|
|
45 |
|
|
|
9,719 |
|
|
Total commercial real estate
|
|
|
33,053 |
|
|
|
(10,364 |
) |
|
|
- |
|
|
|
62 |
|
|
|
22,751 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
13,916 |
|
|
|
7,478 |
|
|
|
(67 |
) |
|
|
302 |
|
|
|
21,629 |
|
|
Commercial and industrial - lines of credit
|
|
|
6,258 |
|
|
|
(433 |
) |
|
|
- |
|
|
|
- |
|
|
|
5,825 |
|
|
Total commercial and industrial
|
|
|
20,174 |
|
|
|
7,045 |
|
|
|
(67 |
) |
|
|
302 |
|
|
|
27,454 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
11,826 |
|
|
|
1,501 |
|
|
|
(7 |
) |
|
|
5 |
|
|
|
13,325 |
|
|
Residential real estate - non-owner occupied
|
|
|
4,731 |
|
|
|
(483 |
) |
|
|
- |
|
|
|
- |
|
|
|
4,248 |
|
|
Total residential real estate
|
|
|
16,557 |
|
|
|
1,018 |
|
|
|
(7 |
) |
|
|
5 |
|
|
|
17,573 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
7,459 |
|
|
|
2,570 |
|
|
|
- |
|
|
|
- |
|
|
|
10,029 |
|
|
Home equity lines of credit
|
|
|
1,666 |
|
|
|
(519 |
) |
|
|
- |
|
|
|
- |
|
|
|
1,147 |
|
|
Consumer
|
|
|
1,500 |
|
|
|
1,108 |
|
|
|
(203 |
) |
|
|
147 |
|
|
|
2,552 |
|
|
Leases
|
|
|
232 |
|
|
|
179 |
|
|
|
- |
|
|
|
- |
|
|
|
411 |
|
|
Credit cards
|
|
|
256 |
|
|
|
38 |
|
|
|
(70 |
) |
|
|
14 |
|
|
|
238 |
|
|
Total
|
|
$ |
80,897 |
|
|
$ |
1,075 |
|
|
$ |
(347 |
) |
|
$ |
530 |
|
|
$ |
82,155 |
|
| (in thousands)
Six Months Ended June 30, 2024
|
|
Beginning
Balance
|
|
|
Provision for
Credit Losses
on Loans
|
|
|
Charge-offs
|
|
|
Recoveries
|
|
|
Ending
Balance
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
22,133 |
|
|
$ |
(9,134 |
) |
|
$ |
- |
|
|
$ |
33 |
|
|
$ |
13,032 |
|
|
Commercial real estate - owner occupied
|
|
|
11,667 |
|
|
|
(1,997 |
) |
|
|
- |
|
|
|
49 |
|
|
|
9,719 |
|
|
Total commercial real estate
|
|
|
33,800 |
|
|
|
(11,131 |
) |
|
|
- |
|
|
|
82 |
|
|
|
22,751 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
14,359 |
|
|
|
6,805 |
|
|
|
(90 |
) |
|
|
555 |
|
|
|
21,629 |
|
|
Commercial and industrial - lines of credit
|
|
|
6,495 |
|
|
|
(874 |
) |
|
|
- |
|
|
|
204 |
|
|
|
5,825 |
|
|
Total commercial and industrial
|
|
|
20,854 |
|
|
|
5,931 |
|
|
|
(90 |
) |
|
|
759 |
|
|
|
27,454 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
9,316 |
|
|
|
4,010 |
|
|
|
(21 |
) |
|
|
20 |
|
|
|
13,325 |
|
|
Residential real estate - non-owner occupied
|
|
|
4,282 |
|
|
|
(34 |
) |
|
|
- |
|
|
|
- |
|
|
|
4,248 |
|
|
Total residential real estate
|
|
|
13,598 |
|
|
|
3,976 |
|
|
|
(21 |
) |
|
|
20 |
|
|
|
17,573 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
7,593 |
|
|
|
2,436 |
|
|
|
- |
|
|
|
- |
|
|
|
10,029 |
|
|
Home equity lines of credit
|
|
|
1,660 |
|
|
|
(515 |
) |
|
|
- |
|
|
|
2 |
|
|
|
1,147 |
|
|
Consumer
|
|
|
1,407 |
|
|
|
1,300 |
|
|
|
(413 |
) |
|
|
258 |
|
|
|
2,552 |
|
|
Leases
|
|
|
220 |
|
|
|
191 |
|
|
|
- |
|
|
|
- |
|
|
|
411 |
|
|
Credit cards
|
|
|
242 |
|
|
|
62 |
|
|
|
(85 |
) |
|
|
19 |
|
|
|
238 |
|
|
Total
|
|
$ |
79,374 |
|
|
$ |
2,250 |
|
|
$ |
(609 |
) |
|
$ |
1,140 |
|
|
$ |
82,155 |
|
The following tables present the amortized cost basis of non-performing loans and the amortized cost basis of loans on non-accrual status for which there was no related ACL losses:
| |
|
Non-accrual Loans
|
|
|
|
|
|
|
Past Due 90-Days-
|
|
|
(in thousands)
|
|
With No
|
|
|
Total
|
|
|
or-More and Still
|
|
|
June 30, 2025
|
|
Recorded ACL
|
|
|
Non-accrual
|
|
|
Accruing Interest
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
— |
|
|
$ |
4,104 |
|
|
$ |
162 |
|
|
Commercial real estate - owner occupied
|
|
|
434 |
|
|
|
2,702 |
|
|
|
— |
|
|
Total commercial real estate
|
|
|
434 |
|
|
|
6,806 |
|
|
|
162 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
302 |
|
|
|
1,133 |
|
|
|
3 |
|
|
Commercial and industrial - lines of credit
|
|
|
— |
|
|
|
450 |
|
|
|
20 |
|
|
Total commercial and industrial
|
|
|
302 |
|
|
|
1,583 |
|
|
|
23 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
252 |
|
|
|
5,848 |
|
|
|
— |
|
|
Residential real estate - non-owner occupied
|
|
|
— |
|
|
|
1,548 |
|
|
|
193 |
|
|
Total residential real estate
|
|
|
252 |
|
|
|
7,396 |
|
|
|
193 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
1,361 |
|
|
|
1,361 |
|
|
|
— |
|
|
Home equity lines of credit
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Consumer
|
|
|
— |
|
|
|
374 |
|
|
|
— |
|
|
Leases
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Credit cards
|
|
|
— |
|
|
|
130 |
|
|
|
— |
|
|
Total
|
|
$ |
2,349 |
|
|
$ |
17,650 |
|
|
$ |
378 |
|
| |
|
Non-accrual Loans
|
|
|
|
|
|
|
Past Due 90-Days-
|
|
|
(in thousands)
|
|
With No
|
|
|
Total
|
|
|
or-More and Still
|
|
|
December 31, 2024
|
|
Recorded ACL
|
|
|
Non-accrual
|
|
|
Accruing Interest
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
4,409 |
|
|
$ |
5,221 |
|
|
$ |
— |
|
|
Commercial real estate - owner occupied
|
|
|
434 |
|
|
|
1,231 |
|
|
|
73 |
|
|
Total commercial real estate
|
|
|
4,843 |
|
|
|
6,452 |
|
|
|
73 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
3,828 |
|
|
|
4,903 |
|
|
|
95 |
|
|
Commercial and industrial - lines of credit
|
|
|
— |
|
|
|
— |
|
|
|
19 |
|
|
Total commercial and industrial
|
|
|
3,828 |
|
|
|
4,903 |
|
|
|
114 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
371 |
|
|
|
7,168 |
|
|
|
— |
|
|
Residential real estate - non-owner occupied
|
|
|
— |
|
|
|
2,451 |
|
|
|
39 |
|
|
Total residential real estate
|
|
|
371 |
|
|
|
9,619 |
|
|
|
39 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
— |
|
|
|
311 |
|
|
|
— |
|
|
Home equity lines of credit
|
|
|
— |
|
|
|
70 |
|
|
|
91 |
|
|
Consumer
|
|
|
— |
|
|
|
372 |
|
|
|
— |
|
|
Leases
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Credit cards
|
|
|
— |
|
|
|
— |
|
|
|
170 |
|
|
Total
|
|
$ |
9,042 |
|
|
$ |
21,727 |
|
|
$ |
487 |
|
For the three and six month periods ended June 30, 2025 and 2024, the amount of accrued interest income previously recorded as revenue and subsequently reversed due to the change in accrual status was immaterial.
For the three and six month periods ended June 30, 2025 and 2024, no interest income was recognized on loans on non-accrual status.
The following table presents the amortized cost basis and ACL allocated for collateral dependent loans, which are individually evaluated to determine expected credit losses:
| (in thousands)
June 30, 2025
|
|
Real Estate
|
|
|
Accounts Receivable / Equipment |
|
|
Other
|
|
|
Total
|
|
|
ACL
Allocation
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
10,611 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
10,611 |
|
|
$ |
1,760 |
|
|
Commercial real estate - owner occupied
|
|
|
4,963 |
|
|
|
- |
|
|
|
- |
|
|
|
4,963 |
|
|
|
844 |
|
|
Total commercial real estate
|
|
|
15,574 |
|
|
|
- |
|
|
|
- |
|
|
|
15,574 |
|
|
|
2,604 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
869 |
|
|
|
366 |
|
|
|
76 |
|
|
|
1,311 |
|
|
|
715 |
|
|
Commercial and industrial - lines of credit
|
|
|
320 |
|
|
|
200 |
|
|
|
451 |
|
|
|
971 |
|
|
|
582 |
|
|
Total commercial and industrial
|
|
|
1,189 |
|
|
|
566 |
|
|
|
527 |
|
|
|
2,282 |
|
|
|
1,297 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
5,257 |
|
|
|
- |
|
|
|
- |
|
|
|
5,257 |
|
|
|
1,268 |
|
|
Residential real estate - non-owner occupied
|
|
|
2,028 |
|
|
|
- |
|
|
|
- |
|
|
|
2,028 |
|
|
|
753 |
|
|
Total residential real estate
|
|
|
7,285 |
|
|
|
- |
|
|
|
- |
|
|
|
7,285 |
|
|
|
2,021 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
1,361 |
|
|
|
- |
|
|
|
- |
|
|
|
1,361 |
|
|
|
- |
|
|
Home equity lines of credit
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Consumer
|
|
|
- |
|
|
|
- |
|
|
|
355 |
|
|
|
355 |
|
|
|
26 |
|
|
Leases
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Credit cards
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total collateral dependent loans
|
|
$ |
25,409 |
|
|
$ |
566 |
|
|
$ |
882 |
|
|
$ |
26,857 |
|
|
$ |
5,948 |
|
| (in thousands)
December 31, 2024
|
|
Real Estate
|
|
|
Accounts Receivable / Equipment |
|
|
Other
|
|
|
Total
|
|
|
ACL
Allocation
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
11,699 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
11,699 |
|
|
$ |
1,075 |
|
|
Commercial real estate - owner occupied
|
|
|
3,547 |
|
|
|
- |
|
|
|
- |
|
|
|
3,547 |
|
|
|
764 |
|
|
Total commercial real estate
|
|
|
15,246 |
|
|
|
- |
|
|
|
- |
|
|
|
15,246 |
|
|
|
1,839 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
740 |
|
|
|
4,062 |
|
|
|
76 |
|
|
|
4,878 |
|
|
|
516 |
|
|
Commercial and industrial - lines of credit
|
|
|
349 |
|
|
|
200 |
|
|
|
- |
|
|
|
549 |
|
|
|
139 |
|
|
Total commercial and industrial
|
|
|
1,089 |
|
|
|
4,262 |
|
|
|
76 |
|
|
|
5,427 |
|
|
|
655 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
6,514 |
|
|
|
- |
|
|
|
- |
|
|
|
6,514 |
|
|
|
448 |
|
|
Residential real estate - non-owner occupied
|
|
|
2,974 |
|
|
|
- |
|
|
|
- |
|
|
|
2,974 |
|
|
|
852 |
|
|
Total residential real estate
|
|
|
9,488 |
|
|
|
- |
|
|
|
- |
|
|
|
9,488 |
|
|
|
1,300 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
311 |
|
|
|
- |
|
|
|
- |
|
|
|
311 |
|
|
|
20 |
|
|
Home equity lines of credit
|
|
|
70 |
|
|
|
- |
|
|
|
- |
|
|
|
70 |
|
|
|
- |
|
|
Consumer
|
|
|
- |
|
|
|
- |
|
|
|
356 |
|
|
|
356 |
|
|
|
34 |
|
|
Leases
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Credit cards
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total collateral dependent loans
|
|
$ |
26,204 |
|
|
$ |
4,262 |
|
|
$ |
432 |
|
|
$ |
30,898 |
|
|
$ |
3,848 |
|
The following tables present the aging of contractually past due loans by portfolio class:
|
(in thousands)
|
|
|
|
|
|
30-59 days
|
|
|
60-89 days
|
|
|
90 or more
|
|
|
Total Past
|
|
|
Total
|
|
|
June 30, 2025
|
|
Current
|
|
|
Past Due
|
|
|
Past Due
|
|
|
days Past Due
|
|
|
Due Loans
|
|
|
Loans
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
1,981,314 |
|
|
$ |
1,274 |
|
|
$ |
3,128 |
|
|
$ |
4,266 |
|
|
$ |
8,668 |
|
|
$ |
1,989,982 |
|
|
Commercial real estate - owner occupied
|
|
|
1,008,000 |
|
|
|
490 |
|
|
|
222 |
|
|
|
1,980 |
|
|
|
2,692 |
|
|
|
1,010,692 |
|
|
Total commercial real estate
|
|
|
2,989,314 |
|
|
|
1,764 |
|
|
|
3,350 |
|
|
|
6,246 |
|
|
|
11,360 |
|
|
|
3,000,674 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
854,886 |
|
|
|
297 |
|
|
|
518 |
|
|
|
1,137 |
|
|
|
1,952 |
|
|
|
856,838 |
|
|
Commercial and industrial - lines of credit
|
|
|
633,849 |
|
|
|
436 |
|
|
|
— |
|
|
|
20 |
|
|
|
456 |
|
|
|
634,305 |
|
|
Total commercial and industrial
|
|
|
1,488,735 |
|
|
|
733 |
|
|
|
518 |
|
|
|
1,157 |
|
|
|
2,408 |
|
|
|
1,491,143 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
834,138 |
|
|
|
8,780 |
|
|
|
3,847 |
|
|
|
4,519 |
|
|
|
17,146 |
|
|
|
851,284 |
|
|
Residential real estate - non-owner occupied
|
|
|
388,400 |
|
|
|
472 |
|
|
|
208 |
|
|
|
1,704 |
|
|
|
2,384 |
|
|
|
390,784 |
|
|
Total residential real estate
|
|
|
1,222,538 |
|
|
|
9,252 |
|
|
|
4,055 |
|
|
|
6,223 |
|
|
|
19,530 |
|
|
|
1,242,068 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
669,650 |
|
|
|
— |
|
|
|
— |
|
|
|
1,361 |
|
|
|
1,361 |
|
|
|
671,011 |
|
|
Home equity lines of credit
|
|
|
262,962 |
|
|
|
286 |
|
|
|
578 |
|
|
|
— |
|
|
|
864 |
|
|
|
263,826 |
|
|
Consumer
|
|
|
139,732 |
|
|
|
456 |
|
|
|
156 |
|
|
|
371 |
|
|
|
983 |
|
|
|
140,715 |
|
|
Leases
|
|
|
14,563 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,563 |
|
|
Credit cards
|
|
|
25,919 |
|
|
|
183 |
|
|
|
41 |
|
|
|
130 |
|
|
|
354 |
|
|
|
26,273 |
|
|
Total
|
|
$ |
6,813,413 |
|
|
$ |
12,674 |
|
|
$ |
8,698 |
|
|
$ |
15,488 |
|
|
$ |
36,860 |
|
|
$ |
6,850,273 |
|
|
(in thousands)
|
|
|
|
|
|
30-59 days
|
|
|
60-89 days
|
|
|
90 or more
|
|
|
Total Past
|
|
|
Total
|
|
|
December 31, 2024
|
|
Current
|
|
|
Past Due
|
|
|
Past Due
|
|
|
days Past Due
|
|
|
Due Loans
|
|
|
Loans
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied
|
|
$ |
1,831,135 |
|
|
$ |
168 |
|
|
$ |
4,410 |
|
|
$ |
222 |
|
|
$ |
4,800 |
|
|
$ |
1,835,935 |
|
|
Commercial real estate - owner occupied
|
|
|
1,001,351 |
|
|
|
648 |
|
|
|
715 |
|
|
|
139 |
|
|
|
1,502 |
|
|
|
1,002,853 |
|
|
Total commercial real estate
|
|
|
2,832,486 |
|
|
|
816 |
|
|
|
5,125 |
|
|
|
361 |
|
|
|
6,302 |
|
|
|
2,838,788 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term
|
|
|
879,597 |
|
|
|
103 |
|
|
|
2,740 |
|
|
|
1,959 |
|
|
|
4,802 |
|
|
|
884,399 |
|
|
Commercial and industrial - lines of credit
|
|
|
552,655 |
|
|
|
59 |
|
|
|
1,522 |
|
|
|
19 |
|
|
|
1,600 |
|
|
|
554,255 |
|
|
Total commercial and industrial
|
|
|
1,432,252 |
|
|
|
162 |
|
|
|
4,262 |
|
|
|
1,978 |
|
|
|
6,402 |
|
|
|
1,438,654 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
789,286 |
|
|
|
7,737 |
|
|
|
3,176 |
|
|
|
4,881 |
|
|
|
15,794 |
|
|
|
805,080 |
|
|
Residential real estate - non-owner occupied
|
|
|
381,177 |
|
|
|
628 |
|
|
|
56 |
|
|
|
883 |
|
|
|
1,567 |
|
|
|
382,744 |
|
|
Total residential real estate
|
|
|
1,170,463 |
|
|
|
8,365 |
|
|
|
3,232 |
|
|
|
5,764 |
|
|
|
17,361 |
|
|
|
1,187,824 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
622,614 |
|
|
|
391 |
|
|
|
— |
|
|
|
— |
|
|
|
391 |
|
|
|
623,005 |
|
|
Home equity lines of credit
|
|
|
246,700 |
|
|
|
424 |
|
|
|
194 |
|
|
|
115 |
|
|
|
733 |
|
|
|
247,433 |
|
|
Consumer
|
|
|
143,796 |
|
|
|
470 |
|
|
|
69 |
|
|
|
309 |
|
|
|
848 |
|
|
|
144,644 |
|
|
Leases
|
|
|
15,514 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15,514 |
|
|
Credit cards
|
|
|
24,122 |
|
|
|
220 |
|
|
|
27 |
|
|
|
171 |
|
|
|
418 |
|
|
|
24,540 |
|
|
Total
|
|
$ |
6,487,947 |
|
|
$ |
10,848 |
|
|
$ |
12,909 |
|
|
$ |
8,698 |
|
|
$ |
32,455 |
|
|
$ |
6,520,402 |
|
Loan Risk Ratings
Consistent with regulatory guidance, Bancorp categorizes loans into credit risk rating categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends. Pass-rated loans include all risk-rated loans other than those classified as OAEM, substandard, and doubtful, which are defined below:
OAEM – Loans classified as OAEM have potential weaknesses requiring management's heightened attention. These potential weaknesses may result in deterioration of repayment prospects for the loan or of Bancorp's credit position at some future date.
Substandard – Loans classified as substandard are inadequately protected by the paying capacity of the obligor or of collateral pledged, if any. Loans so classified have well-defined weaknesses that jeopardize ultimate repayment of the debt. Default is a distinct possibility if the deficiencies are not corrected.
Substandard non-performing – Loans classified as substandard non-performing have all the characteristics of substandard loans and have been placed on non-accrual status. Loans are usually placed on non-accrual status when prospects for recovering both principal and accrued interest are considered doubtful or when a default of principal or interest has existed for 90 days or more.
Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. A loan is typically charged off once it is classified as doubtful.
Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Current period renewals of credit are re-underwritten at the point of renewal and considered current period originations for purposes of the table below. Bancorp has elected not to disclose revolving loans that have converted to term loans, as activity relating to this disclosure, which is included in the tables is currently immaterial to Bancorp’s loan portfolio and is expected to be in the future.
As of June 30, 2025, the risk rating of loans based on year of origination was as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
loans |
|
|
|
|
|
|
(in thousands)
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
|
amortized |
|
|
|
|
|
|
June 30, 2025
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Prior
|
|
|
cost basis |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
331,158 |
|
|
$ |
365,753 |
|
|
$ |
296,719 |
|
|
$ |
348,590 |
|
|
$ |
275,647 |
|
|
$ |
290,424 |
|
|
$ |
27,561 |
|
|
$ |
1,935,852 |
|
|
OAEM
|
|
|
4,974 |
|
|
|
2,285 |
|
|
|
11,782 |
|
|
|
2,442 |
|
|
|
10,548 |
|
|
|
14,608 |
|
|
|
- |
|
|
|
46,639 |
|
|
Substandard
|
|
|
1,534 |
|
|
|
1,538 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
217 |
|
|
|
98 |
|
|
|
3,387 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
263 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,841 |
|
|
|
- |
|
|
|
4,104 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial real estate non-owner occupied
|
|
$ |
337,666 |
|
|
$ |
369,839 |
|
|
$ |
308,501 |
|
|
$ |
351,032 |
|
|
$ |
286,195 |
|
|
$ |
309,090 |
|
|
$ |
27,659 |
|
|
$ |
1,989,982 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - owner occupied:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
95,290 |
|
|
$ |
109,674 |
|
|
$ |
174,139 |
|
|
$ |
157,815 |
|
|
$ |
168,261 |
|
|
$ |
253,893 |
|
|
$ |
16,417 |
|
|
$ |
975,489 |
|
|
OAEM
|
|
|
35 |
|
|
|
5,821 |
|
|
|
188 |
|
|
|
1,439 |
|
|
|
1,816 |
|
|
|
3,290 |
|
|
|
- |
|
|
|
12,589 |
|
|
Substandard
|
|
|
1,100 |
|
|
|
6,057 |
|
|
|
5,636 |
|
|
|
3,400 |
|
|
|
3,507 |
|
|
|
212 |
|
|
|
- |
|
|
|
19,912 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
674 |
|
|
|
1,206 |
|
|
|
100 |
|
|
|
722 |
|
|
|
- |
|
|
|
- |
|
|
|
2,702 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial real estate owner occupied
|
|
$ |
96,425 |
|
|
$ |
122,226 |
|
|
$ |
181,169 |
|
|
$ |
162,754 |
|
|
$ |
174,306 |
|
|
$ |
257,395 |
|
|
$ |
16,417 |
|
|
$ |
1,010,692 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(38 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(38 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
136,019 |
|
|
$ |
231,284 |
|
|
$ |
151,842 |
|
|
$ |
164,766 |
|
|
$ |
103,246 |
|
|
$ |
52,988 |
|
|
$ |
- |
|
|
$ |
840,145 |
|
|
OAEM
|
|
|
958 |
|
|
|
8,041 |
|
|
|
135 |
|
|
|
1,187 |
|
|
|
8 |
|
|
|
13 |
|
|
|
- |
|
|
|
10,342 |
|
|
Substandard
|
|
|
498 |
|
|
|
- |
|
|
|
133 |
|
|
|
1,216 |
|
|
|
3,292 |
|
|
|
79 |
|
|
|
- |
|
|
|
5,218 |
|
|
Substandard non-performing
|
|
|
3 |
|
|
|
292 |
|
|
|
332 |
|
|
|
12 |
|
|
|
- |
|
|
|
494 |
|
|
|
- |
|
|
|
1,133 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial and industrial - term
|
|
$ |
137,478 |
|
|
$ |
239,617 |
|
|
$ |
152,442 |
|
|
$ |
167,181 |
|
|
$ |
106,546 |
|
|
$ |
53,574 |
|
|
$ |
- |
|
|
$ |
856,838 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
(52 |
) |
|
$ |
(240 |
) |
|
$ |
(46 |
) |
|
$ |
(4 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(342 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - lines of credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
55,484 |
|
|
$ |
122,868 |
|
|
$ |
8,088 |
|
|
$ |
1,782 |
|
|
$ |
2,206 |
|
|
$ |
2,464 |
|
|
$ |
406,438 |
|
|
$ |
599,330 |
|
|
OAEM
|
|
|
- |
|
|
|
2,364 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
8,787 |
|
|
|
11,151 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
23,373 |
|
|
|
23,373 |
|
|
Substandard non-performing
|
|
|
451 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
451 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial and industrial - lines of credit
|
|
$ |
55,935 |
|
|
$ |
125,232 |
|
|
$ |
8,088 |
|
|
$ |
1,782 |
|
|
$ |
2,206 |
|
|
$ |
2,464 |
|
|
$ |
438,598 |
|
|
$ |
634,305 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
loans |
|
|
|
|
|
|
(in thousands)
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
|
amortized |
|
|
|
|
|
|
June 30, 2025
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Prior
|
|
|
cost basis |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
89,613 |
|
|
$ |
154,664 |
|
|
$ |
147,131 |
|
|
$ |
160,090 |
|
|
$ |
150,155 |
|
|
$ |
143,209 |
|
|
$ |
- |
|
|
$ |
844,862 |
|
|
OAEM
|
|
|
154 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
80 |
|
|
|
- |
|
|
|
- |
|
|
|
234 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
11 |
|
|
|
- |
|
|
|
328 |
|
|
|
- |
|
|
|
339 |
|
|
Substandard non-performing
|
|
|
248 |
|
|
|
754 |
|
|
|
2,936 |
|
|
|
1,201 |
|
|
|
171 |
|
|
|
539 |
|
|
|
- |
|
|
|
5,849 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Residential real estate - owner occupied
|
|
$ |
90,015 |
|
|
$ |
155,418 |
|
|
$ |
150,067 |
|
|
$ |
161,302 |
|
|
$ |
150,406 |
|
|
$ |
144,076 |
|
|
$ |
- |
|
|
$ |
851,284 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(45 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(5 |
) |
|
$ |
- |
|
|
$ |
(50 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - non-owner occupied
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
45,967 |
|
|
$ |
70,847 |
|
|
$ |
61,169 |
|
|
$ |
67,682 |
|
|
$ |
65,828 |
|
|
$ |
77,150 |
|
|
$ |
- |
|
|
$ |
388,643 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
483 |
|
|
|
- |
|
|
|
483 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
110 |
|
|
|
- |
|
|
|
110 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
150 |
|
|
|
1,130 |
|
|
|
159 |
|
|
|
- |
|
|
|
109 |
|
|
|
- |
|
|
|
1,548 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Residential real estate - non-owner occupied
|
|
$ |
45,967 |
|
|
$ |
70,997 |
|
|
$ |
62,299 |
|
|
$ |
67,841 |
|
|
$ |
65,828 |
|
|
$ |
77,852 |
|
|
$ |
- |
|
|
$ |
390,784 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(3 |
) |
|
$ |
- |
|
|
$ |
(3 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
81,345 |
|
|
$ |
282,901 |
|
|
$ |
224,887 |
|
|
$ |
55,027 |
|
|
$ |
6,765 |
|
|
$ |
3,267 |
|
|
$ |
10,783 |
|
|
$ |
664,975 |
|
|
OAEM
|
|
|
- |
|
|
|
3,681 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,681 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
999 |
|
|
|
999 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
1,356 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,356 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Construction and land development
|
|
$ |
81,345 |
|
|
$ |
286,582 |
|
|
$ |
226,243 |
|
|
$ |
55,027 |
|
|
$ |
6,765 |
|
|
$ |
3,267 |
|
|
$ |
11,782 |
|
|
$ |
671,011 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity lines of credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
263,037 |
|
|
$ |
263,037 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
789 |
|
|
|
789 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Home equity lines of credit
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
263,826 |
|
|
$ |
263,826 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(10 |
) |
|
$ |
(10 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
12,326 |
|
|
$ |
17,642 |
|
|
$ |
15,006 |
|
|
$ |
10,419 |
|
|
$ |
4,939 |
|
|
$ |
1,164 |
|
|
$ |
78,846 |
|
|
$ |
140,342 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
151 |
|
|
|
160 |
|
|
|
20 |
|
|
|
22 |
|
|
|
20 |
|
|
|
- |
|
|
|
373 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Consumer
|
|
$ |
12,326 |
|
|
$ |
17,793 |
|
|
$ |
15,166 |
|
|
$ |
10,439 |
|
|
$ |
4,961 |
|
|
$ |
1,184 |
|
|
$ |
78,846 |
|
|
$ |
140,715 |
|
|
Current period gross charge offs
|
|
$ |
(469 |
) |
|
$ |
(30 |
) |
|
$ |
(57 |
) |
|
$ |
(2 |
) |
|
$ |
- |
|
|
$ |
(22 |
) |
|
$ |
- |
|
|
$ |
(580 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
loans |
|
|
|
|
|
|
(in thousands)
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
|
amortized |
|
|
|
|
|
|
June 30, 2025
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
Prior
|
|
|
cost basis |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leases
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
2,250 |
|
|
$ |
4,439 |
|
|
$ |
4,541 |
|
|
$ |
1,340 |
|
|
$ |
1,151 |
|
|
$ |
320 |
|
|
$ |
- |
|
|
$ |
14,041 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
17 |
|
|
|
- |
|
|
|
477 |
|
|
|
- |
|
|
|
28 |
|
|
|
- |
|
|
|
522 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Leases
|
|
$ |
2,250 |
|
|
$ |
4,456 |
|
|
$ |
4,541 |
|
|
$ |
1,817 |
|
|
$ |
1,151 |
|
|
$ |
348 |
|
|
$ |
- |
|
|
$ |
14,563 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit cards
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
26,143 |
|
|
$ |
26,143 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
130 |
|
|
|
130 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Credit cards
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
26,273 |
|
|
$ |
26,273 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(144 |
) |
|
$ |
(144 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
849,452 |
|
|
$ |
1,360,072 |
|
|
$ |
1,083,522 |
|
|
$ |
967,511 |
|
|
$ |
778,198 |
|
|
$ |
824,879 |
|
|
$ |
829,226 |
|
|
$ |
6,692,860 |
|
|
OAEM
|
|
|
6,121 |
|
|
|
22,192 |
|
|
|
12,105 |
|
|
|
5,068 |
|
|
|
12,452 |
|
|
|
18,394 |
|
|
|
8,787 |
|
|
|
85,119 |
|
|
Substandard
|
|
|
3,132 |
|
|
|
7,612 |
|
|
|
5,764 |
|
|
|
5,104 |
|
|
|
6,799 |
|
|
|
974 |
|
|
|
25,259 |
|
|
|
54,644 |
|
|
Substandard non-performing
|
|
|
702 |
|
|
|
2,282 |
|
|
|
7,125 |
|
|
|
1,492 |
|
|
|
916 |
|
|
|
5,003 |
|
|
|
130 |
|
|
|
17,650 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Loans
|
|
$ |
859,407 |
|
|
$ |
1,392,158 |
|
|
$ |
1,108,516 |
|
|
$ |
979,175 |
|
|
$ |
798,365 |
|
|
$ |
849,250 |
|
|
$ |
863,402 |
|
|
$ |
6,850,273 |
|
|
Current period gross charge offs
|
|
$ |
(469 |
) |
|
$ |
(82 |
) |
|
$ |
(342 |
) |
|
$ |
(86 |
) |
|
$ |
(4 |
) |
|
$ |
(30 |
) |
|
$ |
(154 |
) |
|
$ |
(1,167 |
) |
As of December 31, 2024, the risk rating of loans based on year of origination was as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
loans |
|
|
|
|
|
|
(in thousands)
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
|
amortized |
|
|
|
|
|
|
December 31, 2024
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
Prior
|
|
|
cost basis |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - non-owner occupied:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
416,310 |
|
|
$ |
293,890 |
|
|
$ |
402,081 |
|
|
$ |
291,741 |
|
|
$ |
199,039 |
|
|
$ |
157,303 |
|
|
$ |
28,584 |
|
|
$ |
1,788,948 |
|
|
OAEM
|
|
|
10,480 |
|
|
|
1,533 |
|
|
|
- |
|
|
|
10,709 |
|
|
|
1,664 |
|
|
|
13,191 |
|
|
|
- |
|
|
|
37,577 |
|
|
Substandard
|
|
|
1,546 |
|
|
|
- |
|
|
|
2,320 |
|
|
|
- |
|
|
|
- |
|
|
|
225 |
|
|
|
98 |
|
|
|
4,189 |
|
|
Substandard non-performing
|
|
|
269 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,952 |
|
|
|
- |
|
|
|
5,221 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial real estate non-owner occupied
|
|
$ |
428,605 |
|
|
$ |
295,423 |
|
|
$ |
404,401 |
|
|
$ |
302,450 |
|
|
$ |
200,703 |
|
|
$ |
175,671 |
|
|
$ |
28,682 |
|
|
$ |
1,835,935 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate - owner occupied:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
133,404 |
|
|
$ |
163,452 |
|
|
$ |
172,933 |
|
|
$ |
174,638 |
|
|
$ |
156,955 |
|
|
$ |
139,919 |
|
|
$ |
22,012 |
|
|
$ |
963,313 |
|
|
OAEM
|
|
|
6,292 |
|
|
|
273 |
|
|
|
1,145 |
|
|
|
1,856 |
|
|
|
715 |
|
|
|
3,385 |
|
|
|
- |
|
|
|
13,666 |
|
|
Substandard
|
|
|
7,192 |
|
|
|
9,923 |
|
|
|
3,656 |
|
|
|
3,643 |
|
|
|
- |
|
|
|
229 |
|
|
|
- |
|
|
|
24,643 |
|
|
Substandard non-performing
|
|
|
434 |
|
|
|
- |
|
|
|
- |
|
|
|
731 |
|
|
|
66 |
|
|
|
- |
|
|
|
- |
|
|
|
1,231 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial real estate owner occupied
|
|
$ |
147,322 |
|
|
$ |
173,648 |
|
|
$ |
177,734 |
|
|
$ |
180,868 |
|
|
$ |
157,736 |
|
|
$ |
143,533 |
|
|
$ |
22,012 |
|
|
$ |
1,002,853 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - term:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
312,854 |
|
|
$ |
173,383 |
|
|
$ |
198,754 |
|
|
$ |
120,056 |
|
|
$ |
34,013 |
|
|
$ |
30,903 |
|
|
$ |
- |
|
|
$ |
869,963 |
|
|
OAEM
|
|
|
2,679 |
|
|
|
1,813 |
|
|
|
833 |
|
|
|
104 |
|
|
|
28 |
|
|
|
- |
|
|
|
- |
|
|
|
5,457 |
|
|
Substandard
|
|
|
496 |
|
|
|
311 |
|
|
|
- |
|
|
|
3,036 |
|
|
|
10 |
|
|
|
223 |
|
|
|
- |
|
|
|
4,076 |
|
|
Substandard non-performing
|
|
|
3,822 |
|
|
|
349 |
|
|
|
343 |
|
|
|
- |
|
|
|
302 |
|
|
|
87 |
|
|
|
- |
|
|
|
4,903 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial and industrial - term
|
|
$ |
319,851 |
|
|
$ |
175,856 |
|
|
$ |
199,930 |
|
|
$ |
123,196 |
|
|
$ |
34,353 |
|
|
$ |
31,213 |
|
|
$ |
- |
|
|
$ |
884,399 |
|
|
Current period gross charge offs
|
|
$ |
(414 |
) |
|
$ |
(250 |
) |
|
$ |
(6 |
) |
|
$ |
(78 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(748 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial - lines of credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
119,206 |
|
|
$ |
11,181 |
|
|
$ |
3,967 |
|
|
$ |
2,553 |
|
|
$ |
295 |
|
|
$ |
2,654 |
|
|
$ |
372,866 |
|
|
$ |
512,722 |
|
|
OAEM
|
|
|
7,448 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
10,750 |
|
|
|
18,198 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
23,335 |
|
|
|
23,335 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Commercial and industrial - lines of credit
|
|
$ |
126,654 |
|
|
$ |
11,181 |
|
|
$ |
3,967 |
|
|
$ |
2,553 |
|
|
$ |
295 |
|
|
$ |
2,654 |
|
|
$ |
406,951 |
|
|
$ |
554,255 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(555 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(555 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
loans |
|
|
|
|
|
|
(in thousands)
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
|
amortized |
|
|
|
|
|
|
December 31, 2024
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
Prior
|
|
|
cost basis |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - owner occupied
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
161,257 |
|
|
$ |
154,799 |
|
|
$ |
166,127 |
|
|
$ |
159,449 |
|
|
$ |
77,516 |
|
|
$ |
78,169 |
|
|
$ |
- |
|
|
$ |
797,317 |
|
|
OAEM
|
|
|
158 |
|
|
|
- |
|
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
241 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
12 |
|
|
|
- |
|
|
|
- |
|
|
|
342 |
|
|
|
- |
|
|
|
354 |
|
|
Substandard non-performing
|
|
|
1,028 |
|
|
|
3,737 |
|
|
|
1,400 |
|
|
|
320 |
|
|
|
9 |
|
|
|
674 |
|
|
|
- |
|
|
|
7,168 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Residential real estate - owner occupied
|
|
$ |
162,443 |
|
|
$ |
158,536 |
|
|
$ |
167,539 |
|
|
$ |
159,852 |
|
|
$ |
77,525 |
|
|
$ |
79,185 |
|
|
$ |
- |
|
|
$ |
805,080 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
(349 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(7 |
) |
|
$ |
- |
|
|
$ |
(356 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate - non-owner occupied
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
80,717 |
|
|
$ |
66,330 |
|
|
$ |
72,580 |
|
|
$ |
70,585 |
|
|
$ |
41,874 |
|
|
$ |
47,578 |
|
|
$ |
- |
|
|
$ |
379,664 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
514 |
|
|
|
- |
|
|
|
514 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
115 |
|
|
|
- |
|
|
|
115 |
|
|
Substandard non-performing
|
|
|
739 |
|
|
|
1,332 |
|
|
|
214 |
|
|
|
17 |
|
|
|
- |
|
|
|
149 |
|
|
|
- |
|
|
|
2,451 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Residential real estate - non-owner occupied
|
|
$ |
81,456 |
|
|
$ |
67,662 |
|
|
$ |
72,794 |
|
|
$ |
70,602 |
|
|
$ |
41,874 |
|
|
$ |
48,356 |
|
|
$ |
- |
|
|
$ |
382,744 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
237,785 |
|
|
$ |
234,782 |
|
|
$ |
115,429 |
|
|
$ |
8,381 |
|
|
$ |
1,273 |
|
|
$ |
3,569 |
|
|
$ |
15,420 |
|
|
$ |
616,639 |
|
|
OAEM
|
|
|
3,680 |
|
|
|
1,376 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
5,056 |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
999 |
|
|
|
999 |
|
|
Substandard non-performing
|
|
|
311 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
311 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Construction and land development
|
|
$ |
241,776 |
|
|
$ |
236,158 |
|
|
$ |
115,429 |
|
|
$ |
8,381 |
|
|
$ |
1,273 |
|
|
$ |
3,569 |
|
|
$ |
16,419 |
|
|
$ |
623,005 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity lines of credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
246,336 |
|
|
$ |
246,336 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,027 |
|
|
|
1,027 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
70 |
|
|
|
70 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Home equity lines of credit
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
247,433 |
|
|
$ |
247,433 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(107 |
) |
|
$ |
(107 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
22,895 |
|
|
$ |
18,200 |
|
|
$ |
12,822 |
|
|
$ |
6,294 |
|
|
$ |
1,095 |
|
|
$ |
1,023 |
|
|
$ |
81,943 |
|
|
$ |
144,272 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard non-performing
|
|
|
135 |
|
|
|
113 |
|
|
|
66 |
|
|
|
13 |
|
|
|
17 |
|
|
|
28 |
|
|
|
- |
|
|
|
372 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Consumer
|
|
$ |
23,030 |
|
|
$ |
18,313 |
|
|
$ |
12,888 |
|
|
$ |
6,307 |
|
|
$ |
1,112 |
|
|
$ |
1,051 |
|
|
$ |
81,943 |
|
|
$ |
144,644 |
|
|
Current period gross charge offs
|
|
$ |
(640 |
) |
|
$ |
(19 |
) |
|
$ |
(12 |
) |
|
$ |
(41 |
) |
|
$ |
(9 |
) |
|
$ |
(45 |
) |
|
$ |
(19 |
) |
|
$ |
(785 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
loans |
|
|
|
|
|
|
(in thousands)
|
|
Term Loans Amortized Cost Basis by Origination Year
|
|
|
amortized |
|
|
|
|
|
|
December 31, 2024
|
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
Prior
|
|
|
cost basis |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leases
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
4,935 |
|
|
$ |
5,439 |
|
|
$ |
1,864 |
|
|
$ |
1,462 |
|
|
$ |
597 |
|
|
$ |
3 |
|
|
$ |
- |
|
|
$ |
14,300 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
31 |
|
|
|
- |
|
|
|
586 |
|
|
|
536 |
|
|
|
61 |
|
|
|
- |
|
|
|
- |
|
|
|
1,214 |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Leases
|
|
$ |
4,966 |
|
|
$ |
5,439 |
|
|
$ |
2,450 |
|
|
$ |
1,998 |
|
|
$ |
658 |
|
|
$ |
3 |
|
|
$ |
- |
|
|
$ |
15,514 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit cards
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
24,540 |
|
|
$ |
24,540 |
|
|
OAEM
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Substandard non-performing
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Credit cards
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
24,540 |
|
|
$ |
24,540 |
|
|
Current period gross charge offs
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(225 |
) |
|
$ |
(225 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk rating
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
1,489,363 |
|
|
$ |
1,121,456 |
|
|
$ |
1,146,557 |
|
|
$ |
835,159 |
|
|
$ |
512,657 |
|
|
$ |
461,121 |
|
|
$ |
791,701 |
|
|
$ |
6,358,014 |
|
|
OAEM
|
|
|
30,737 |
|
|
|
4,995 |
|
|
|
1,978 |
|
|
|
12,752 |
|
|
|
2,407 |
|
|
|
17,090 |
|
|
|
10,750 |
|
|
|
80,709 |
|
|
Substandard
|
|
|
9,265 |
|
|
|
10,234 |
|
|
|
6,574 |
|
|
|
7,215 |
|
|
|
71 |
|
|
|
1,134 |
|
|
|
25,459 |
|
|
|
59,952 |
|
|
Substandard non-performing
|
|
|
6,738 |
|
|
|
5,531 |
|
|
|
2,023 |
|
|
|
1,081 |
|
|
|
394 |
|
|
|
5,890 |
|
|
|
70 |
|
|
|
21,727 |
|
|
Doubtful
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Total Loans
|
|
$ |
1,536,103 |
|
|
$ |
1,142,216 |
|
|
$ |
1,157,132 |
|
|
$ |
856,207 |
|
|
$ |
515,529 |
|
|
$ |
485,235 |
|
|
$ |
827,980 |
|
|
$ |
6,520,402 |
|
|
Current period gross charge offs
|
|
$ |
(1,054 |
) |
|
$ |
(618 |
) |
|
$ |
(573 |
) |
|
$ |
(119 |
) |
|
$ |
(9 |
) |
|
$ |
(52 |
) |
|
$ |
(351 |
) |
|
$ |
(2,776 |
) |
For certain loan classes, such as credit cards, credit quality is evaluated based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in credit cards based on payment activity:
| |
|
June 30,
|
|
|
December 31,
|
|
|
(in thousands)
|
|
2025
|
|
|
2024
|
|
| |
|
|
|
|
|
|
|
|
|
Credit cards
|
|
|
|
|
|
|
|
|
|
Performing
|
|
$ |
26,143 |
|
|
$ |
24,370 |
|
|
Non-performing
|
|
|
130 |
|
|
|
170 |
|
|
Total credit cards
|
|
$ |
26,273 |
|
|
$ |
24,540 |
|
Bancorp had $717,000 and $569,000, respectively, in residential real estate loans for which formal foreclosure proceedings were in process at June 30, 2025 and December 31, 2024.
Modifications to Borrowers Experiencing Financial Difficulty
During the three and six month periods ended June 30, 2025 and 2024, there were no modifications made to loans for borrowers experiencing financial difficulty and there were no payment defaults of existing modified loans within 12 months following modification. Default is determined at 90 days or more past due, charge off, or foreclosure.
|