Loans Stated at Face Amount, Net of Unearned Income

The following tables exclude LHFS and include loan balances as of June 30, 2025 associated with the Sandy Spring acquisition that closed on April 1, 2025.

The Company’s LHFI are stated at their face amount, net of deferred fees and costs and consisted of the following as of the periods ended (dollars in thousands):


	June 30, 2025		December 31, 2024
Construction and Land Development	$	2,444,151	$	1,731,108
CRE – Owner Occupied		3,940,371		2,370,119
CRE – Non-Owner Occupied		6,912,692		4,935,590
Multifamily Real Estate		2,083,559		1,240,209
Commercial & Industrial		5,141,691		3,864,695
Residential 1-4 Family – Commercial		1,131,288		719,425
Residential 1-4 Family – Consumer		2,746,046		1,293,817
Residential 1-4 Family – Revolving		1,154,085		756,944
Auto		245,554		316,368
Consumer		119,526		104,882
Other Commercial		1,409,370		1,137,464
Total LHFI, net of deferred fees and costs⁽¹⁾		27,328,333		18,470,621
Allowance for loan and lease losses		(315,574)		(178,644)
Total LHFI, net	$	27,012,759	$	18,291,977

⁽¹⁾Total loans included unamortized premiums and discounts, and unamortized deferred fees and costs totaling $881.8 million and $220.6 million as of June 30, 2025 and December 31, 2024, respectively.

Summary of Loans on Nonaccrual Status

The following table shows the Company’s amortized cost basis of loans on nonaccrual status with no related ALLL, a component of the ACL as of the periods ended (dollars in thousands):


	June 30,		December 31,
	2025		2024
Construction and Land Development	$	13,660	$	—
Commercial Real Estate - Owner Occupied		2,526		—
Commercial Real Estate - Non-Owner Occupied		26,371		2,510
Multifamily Real Estate		1,472		—
Commercial & Industrial		1,847		—
Residential 1-4 Family - Commercial		627		—
Other Commercial		1,317		—
Total LHFI, net of deferred fees and costs	$	47,820	$	2,510

Summary of financial effects of TLMs on a weighted average basis for TLMs within that loan type

The following table describes the financial effects of TLMs on a weighted average basis for TLMs within that loan type for the three and six months ended June 30,:


Three Months Ended
2025

Term Extension
Loan Type				Financial Effect
CRE – Owner Occupied				Added a weighted-average 0.5 years to the life of loans.
Residential 1-4 Family - Commercial				Added a weighted-average 0.8 years to the life of loans.

Six Months Ended
2025

Term Extension
Loan Type				Financial Effect
CRE – Owner Occupied				Added a weighted-average 0.5 years to the life of loans.
Residential 1-4 Family - Commercial				Added a weighted-average 0.8 years to the life of loans.

Combination - Term Extension and Interest Rate Reduction
Loan Type				Financial Effect
Residential 1-4 Family - Consumer				Added a weighted-average 1.6 years to the life of loans and reduced the weighted average contractual interest rate from 5.0% to 2.1%.


Three Months Ended
2024

Combination - Other-Than-Insignificant Payment Delay and Term Extension
Loan Type				Financial Effect
Commercial and Industrial				Added a weighted-average 1.0 years to the life of loans.
CRE – Non-Owner Occupied				Added a weighted-average 1.6 years to the life of loans.

Six Months Ended
2024

Combination - Other-Than-Insignificant Payment Delay and Term Extension
Loan Type				Financial Effect
Commercial and Industrial				Added a weighted-average 1.0 years to the life of loans.
CRE – Non-Owner Occupied				Added a weighted-average 1.6 years to the life of loans.

Summary of loans acquired from Sandy Spring

The following table presents additional information related to the acquired Sandy Spring loan portfolio at the acquisition date, including the initial ACL at acquisition on the PCD loans (dollars in thousands):


PCD Loans:
Book value of acquired loans at acquisition	$	1,741,713
Initial ACL at acquisition ⁽¹⁾		(28,265)
Non-credit discount at acquisition		(162,140)
Purchase Price	$	1,551,308

Non-PCD Loans:
Fair Value	$	7,077,565
Gross contractual amounts receivable		10,502,561
Estimate of contractual cash flows not expected to be collected		130,113

⁽¹⁾ In accordance with GAAP, the initial ACL recognized on Sandy Spring PCD loans excludes $34.5 million charged-off at acquisition related to certain PCD loans that met the Company’s charge-off policy at the time of acquisition.

Accounts, Notes, Loans and Financing Receivable [Line Items]

Loans Receivables Related Risk Rating

For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of June 30, (dollars in thousands):


		2025
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2025		2024		2023		2022		2021		Prior		Loans		Total
Residential 1-4 Family – Consumer
Current	$	148,653	$	188,702	$	222,596	$	710,204	$	616,934	$	814,286	$	15,811	$	2,717,186
30-59 Days Past Due		—		36		46		280		35		1,665		63		2,125
60-89 Days Past Due		101		—		494		680		122		3,120		42		4,559
90+ Days Past Due		—		—		128		194		—		1,165		—		1,487
Nonaccrual		—		—		692		3,777		2,670		13,550		—		20,689
Total Residential 1-4 Family – Consumer	$	148,754	$	188,738	$	223,956	$	715,135	$	619,761	$	833,786	$	15,916	$	2,746,046
Current period gross write-off	$	—	$	—	$	—	$	(105)	$	—	$	(26)	$	—	$	(131)

Residential 1-4 Family – Revolving
Current	$	12,087	$	14,468	$	27,760	$	43,324	$	10,309	$	9,329	$	1,022,638	$	1,139,915
30-59 Days Past Due		—		—		55		29		56		102		4,028		4,270
60-89 Days Past Due		—		—		—		55		—		64		1,975		2,094
90+ Days Past Due		—		—		274		128		—		47		2,011		2,460
Nonaccrual		—		—		302		154		36		933		3,921		5,346
Total Residential 1-4 Family – Revolving	$	12,087	$	14,468	$	28,391	$	43,690	$	10,401	$	10,475	$	1,034,573	$	1,154,085
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	—	$	(45)	$	(45)

Auto
Current	$	1,128	$	2,236	$	45,681	$	115,075	$	51,212	$	25,093	$	—	$	240,425
30-59 Days Past Due		82		2		549		1,673		876		553		—		3,735
60-89 Days Past Due		1		1		199		243		175		99		—		718
90+ Days Past Due		—		—		79		24		22		25		—		150
Nonaccrual		—		—		40		306		77		103		—		526
Total Auto	$	1,211	$	2,239	$	46,548	$	117,321	$	52,362	$	25,873	$	—	$	245,554
Current period gross write-off	$	—	$	—	$	(135)	$	(632)	$	(156)	$	(92)	$	—	$	(1,015)

Consumer
Current	$	8,258	$	11,403	$	6,377	$	8,760	$	5,819	$	30,560	$	47,589	$	118,766
30-59 Days Past Due		4		26		45		40		—		78		81		274
60-89 Days Past Due		4		15		38		24		10		264		32		387
90+ Days Past Due		—		38		7		11		20		—		3		79
Nonaccrual		—		4		—		10		6		—		—		20
Total Consumer	$	8,266	$	11,486	$	6,467	$	8,845	$	5,855	$	30,902	$	47,705	$	119,526
Current period gross write-off	$	(5)	$	(81)	$	(180)	$	(20)	$	(27)	$	(531)	$	(47)	$	(891)

Total Consumer
Current	$	170,126	$	216,809	$	302,414	$	877,363	$	684,274	$	879,268	$	1,086,038	$	4,216,292
30-59 Days Past Due		86		64		695		2,022		967		2,398		4,172		10,404
60-89 Days Past Due		106		16		731		1,002		307		3,547		2,049		7,758
90+ Days Past Due		—		38		488		357		42		1,237		2,014		4,176
Nonaccrual		—		4		1,034		4,247		2,789		14,586		3,921		26,581
Total Consumer	$	170,318	$	216,931	$	305,362	$	884,991	$	688,379	$	901,036	$	1,098,194	$	4,265,211
Total current period gross write-off	$	(5)	$	(81)	$	(315)	$	(757)	$	(183)	$	(649)	$	(92)	$	(2,082)

The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):


		2024
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2024		2023		2022		2021		2020		Prior		Loans		Total
Residential 1-4 Family – Consumer
Current	$	137,808	$	171,237	$	287,376	$	277,653	$	151,177	$	241,203	$	13	$	1,266,467
30-59 Days Past Due		233		405		14		470		954		3,852		—		5,928
60-89 Days Past Due		—		28		216		5,546		—		1,600		—		7,390
90+ Days Past Due		—		150		94		—		—		1,063		—		1,307
Nonaccrual		—		505		2,953		1,109		207		7,951		—		12,725
Total Residential 1-4 Family – Consumer	$	138,041	$	172,325	$	290,653	$	284,778	$	152,338	$	255,669	$	13	$	1,293,817
Current period gross write-off	$	—	$	(76)	$	(3)	$	—	$	—	$	(142)	$	—	$	(221)

Residential 1-4 Family – Revolving
Current	$	17,522	$	33,934	$	45,558	$	10,407	$	3,578	$	1,731	$	634,744	$	747,474
30-59 Days Past Due		—		11		81		—		30		—		1,702		1,824
60-89 Days Past Due		—		—		—		—		—		—		2,110		2,110
90+ Days Past Due		—		178		130		—		—		—		1,402		1,710
Nonaccrual		—		139		112		—		45		—		3,530		3,826
Total Residential 1-4 Family – Revolving	$	17,522	$	34,262	$	45,881	$	10,407	$	3,653	$	1,731	$	643,488	$	756,944
Current period gross write-off	$	—	$	—	$	—	$	(28)	$	—	$	—	$	(189)	$	(217)

Auto
Current	$	2,251	$	55,170	$	145,517	$	68,282	$	28,923	$	11,211	$	—	$	311,354
30-59 Days Past Due		—		507		1,571		1,053		218		266		—		3,615
60-89 Days Past Due		—		97		233		87		—		39		—		456
90+ Days Past Due		—		10		149		74		31		20		—		284
Nonaccrual		—		94		305		113		118		29		—		659
Total Auto	$	2,251	$	55,878	$	147,775	$	69,609	$	29,290	$	11,565	$	—	$	316,368
Current period gross write-off	$	—	$	(243)	$	(835)	$	(335)	$	(82)	$	(75)	$	—	$	(1,570)

Consumer
Current	$	13,664	$	7,932	$	12,490	$	6,998	$	5,903	$	27,967	$	28,574	$	103,528
30-59 Days Past Due		26		73		87		9		10		542		57		804
60-89 Days Past Due		15		54		56		10		14		333		4		486
90+ Days Past Due		—		4		31		3		4		—		2		44
Nonaccrual		—		—		13		7		—		—		—		20
Total Consumer	$	13,705	$	8,063	$	12,677	$	7,027	$	5,931	$	28,842	$	28,637	$	104,882
Current period gross write-off	$	(6)	$	(206)	$	(116)	$	(31)	$	(782)	$	(756)	$	(162)	$	(2,059)

Total Consumer
Current	$	171,245	$	268,273	$	490,941	$	363,340	$	189,581	$	282,112	$	663,331	$	2,428,823
30-59 Days Past Due		259		996		1,753		1,532		1,212		4,660		1,759		12,171
60-89 Days Past Due		15		179		505		5,643		14		1,972		2,114		10,442
90+ Days Past Due		—		342		404		77		35		1,083		1,404		3,345
Nonaccrual		—		738		3,383		1,229		370		7,980		3,530		17,230
Total Consumer	$	171,519	$	270,528	$	496,986	$	371,821	$	191,212	$	297,807	$	672,138	$	2,472,011
Total current period gross write-off	$	(6)	$	(525)	$	(954)	$	(394)	$	(864)	$	(973)	$	(351)	$	(4,067)