v3.25.2
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables)
 6 Months Ended
Jun. 30, 2025
ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY  
Schedule of Activity in the Allowance for Credit Losses by Portfolio Segment
The following tables present the activity in the allowance for credit losses by portfolio segment for the periods shown:
(dollars in thousands)Commercial and IndustrialCommercial Real Estate and Multifamily ResidentialAgri-business and AgriculturalOther CommercialConsumer 1-4 Family MortgageOther ConsumerUnallocatedTotal
Three Months Ended June 30, 2025                
Beginning balance, April 1$52,302 $30,468 $3,500 $723 $3,464 $1,517 $459 $92,433 
Provision for credit losses2,148 588 (201)(3)294 233 (59)3,000 
Loans charged-off(28,616)0 0 0 (198)(297)0 (29,111)
Recoveries48 26 0 0 30 126 0 230 
Net loans (charged-off) recovered(28,568)26 0 0 (168)(171)0 (28,881)
Ending balance$25,882 $31,082 $3,299 $720 $3,590 $1,579 $400 $66,552 
(dollars in thousands)Commercial and IndustrialCommercial Real Estate and Multifamily ResidentialAgri-business and AgriculturalOther CommercialConsumer 1-4 Family MortgageOther ConsumerUnallocatedTotal
Three Months Ended June 30, 2024                
Beginning balance, April 1$30,720 $32,078 $4,112 $1,022 $3,518 $1,229 $501 $73,180 
Provision for credit losses8,412 422 (444)(202)68 326 (102)8,480 
Loans charged-off(12)(840)0 0 (22)(202)0 (1,076)
Recoveries41 27 0 0 22 37 0 127 
Net loans (charged-off) recovered29 (813)0 0 0 (165)0 (949)
Ending balance$39,161 $31,687 $3,668 $820 $3,586 $1,390 $399 $80,711 
(dollars in thousands)Commercial and IndustrialCommercial Real Estate and Multifamily ResidentialAgri-business and AgriculturalOther CommercialConsumer 1-4 Family MortgageOther ConsumerUnallocatedTotal
Six Months Ended June 30, 2025
                
Beginning balance, January 1$45,539 $30,865 $3,541 $743 $3,358 $1,531 $383 $85,960 
Provision for credit losses8,889 165 (242)(23)418 576 17 9,800 
Loans charged-off(28,626)0 0 0 (222)(771)0 (29,619)
Recoveries80 52 0 0 36 243 0 411 
Net loans (charged-off) recovered(28,546)52 0 0 (186)(528)0 (29,208)
Ending balance$25,882 $31,082 $3,299 $720 $3,590 $1,579 $400 $66,552 
(dollars in thousands)Commercial and IndustrialCommercial Real Estate and Multifamily ResidentialAgri-business and AgriculturalOther CommercialConsumer 1-4 Family MortgageOther ConsumerUnallocatedTotal
Six Months Ended June 30, 2024
                
Beginning balance, January 1$30,338 $31,335 $4,150 $1,129 $3,474 $1,174 $372 $71,972 
Provision for credit losses8,954 1,139 (482)(309)89 582 27 10,000 
Loans charged-off(206)(840)0 0 (22)(512)0 (1,580)
Recoveries75 53 0 0 45 146 0 319 
Net loans (charged-off) recovered(131)(787)0 0 23 (366)0 (1,261)
Ending balance$39,161 $31,687 $3,668 $820 $3,586 $1,390 $399 $80,711 
Schedule of Risk Category of Loans by Loan Segment and Origination Date
The following table summarizes the risk category of loans by loan segment and year of origination as of June 30, 2025:
(dollars in thousands)20252024202320222021PriorTerm TotalRevolvingTotal
Commercial and industrial loans:                  
Working capital lines of credit loans:                  
Pass$4,239 $1,502 $89 $1,459 $1,151 $461 $8,901 $603,003 $611,904 
Special Mention0 0 998 0 0 0 998 61,286 62,284 
Substandard0 0 997 928 0 440 2,365 26,377 28,742 
Doubtful0 0 3,015 11,387 0 0 14,402 0 14,402 
Total4,239 1,502 5,099 13,774 1,151 901 26,666 690,666 717,332 
Working capital lines of credit loans:
Current period gross write offs0 0 0 28,607 0 0 28,607 0 28,607 
Non-working capital loans:
Pass72,372 146,835 120,383 135,305 47,709 38,661 561,265 178,375 739,640 
Special Mention874 7,525 2,225 5,510 1,351 729 18,214 3,565 21,779 
Substandard750 334 2,136 1,582 105 3,937 8,844 397 9,241 
Doubtful0 0 0 0 21 356 377 0 377 
Not Rated930 1,127 1,412 885 211 247 4,812 0 4,812 
Total74,926 155,821 126,156 143,282 49,397 43,930 593,512 182,337 775,849 
Non-working capital loans:
Current period gross write offs0 0 0 0 0 0 0 19 19 
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass15,895 40,907 18,467 24,912 742 0 100,923 449,374 550,297 
Special Mention1,241 0 0 0 0 0 1,241 0 1,241 
Total17,136 40,907 18,467 24,912 742 0 102,164 449,374 551,538 
Construction and land development loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Owner occupied loans:
Pass48,617 99,830 122,703 118,043 135,435 197,181 721,809 33,417 755,226 
Special Mention300 110 2,454 15,304 0 2,992 21,160 0 21,160 
Substandard0 312 304 0 1,349 1,450 3,415 0 3,415 
Total48,917 100,252 125,461 133,347 136,784 201,623 746,384 33,417 779,801 
Owner occupied loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
(dollars in thousands)20252024202320222021PriorTerm TotalRevolvingTotal
Nonowner occupied loans (continued):
Pass55,336 156,084 110,047 139,854 102,631 164,575 728,527 126,495 855,022 
Special Mention0 0 11,504 105 0 0 11,609 1,954 13,563 
Total55,336 156,084 121,551 139,959 102,631 164,575 740,136 128,449 868,585 
Nonowner occupied loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Multifamily loans:
Pass147,649 55,336 108,213 21,660 31,984 33,579 398,421 78,817 477,238 
Special Mention0 0 0 299 0 0 299 0 299 
Total147,649 55,336 108,213 21,959 31,984 33,579 398,720 78,817 477,537 
Multifamily loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Agri-business and agricultural loans:
Loans secured by farmland:
Pass11,957 14,062 17,240 32,496 21,316 36,425 133,496 14,871 148,367 
Special Mention2,000 122 201 0 42 148 2,513 0 2,513 
Substandard0 0 0 0 0 61 61 0 61 
Total13,957 14,184 17,441 32,496 21,358 36,634 136,070 14,871 150,941 
Loans secured by farmland:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Loans for agricultural production:
Pass1,390 15,238 23,492 19,922 22,842 14,113 96,997 84,405 181,402 
Special Mention0 0 676 272 0 7 955 6,222 7,177 
Substandard0 0 0 13 0 0 13 0 13 
Total1,390 15,238 24,168 20,207 22,842 14,120 97,965 90,627 188,592 
Loans for agricultural production:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Other commercial loans:
Pass4,191 7,110 16,317 28,270 3,007 14,986 73,881 19,654 93,535 
Special Mention0 0 0 0 0 1,813 1,813 0 1,813 
Total4,191 7,110 16,317 28,270 3,007 16,799 75,694 19,654 95,348 
Other commercial loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
(dollars in thousands)20252024202320222021PriorTerm TotalRevolvingTotal
Consumer 1-4 family mortgage loans (continued):
Closed end first mortgage loans:
Pass7,637 11,272 7,872 8,549 10,768 8,815 54,913 6,706 61,619 
Special Mention191 120 221 161 63 0 756 0 756 
Substandard24 0 238 451 89 586 1,388 0 1,388 
Not Rated17,614 28,363 52,127 45,757 31,336 33,964 209,161 0 209,161 
Total25,466 39,755 60,458 54,918 42,256 43,365 266,218 6,706 272,924 
Closed end first mortgage loans:
Current period gross write offs0 0 0 0 0 24 24 0 24 
Open end and junior lien loans:
Pass123 549 713 0 205 5 1,595 9,264 10,859 
Special Mention0 0 0 0 0 298 298 0 298 
Substandard0 0 102 0 9 0 111 78 189 
Not Rated14,168 16,331 12,748 13,993 3,079 1,489 61,808 155,040 216,848 
Total14,291 16,880 13,563 13,993 3,293 1,792 63,812 164,382 228,194 
Open end and junior lien loans:
Current period gross write offs0 0 0 29 2 22 53 145 198 
Residential construction loans:
Not Rated1,616 9,137 722 1,738 1,335 2,028 16,576 0 16,576 
Total1,616 9,137 722 1,738 1,335 2,028 16,576 0 16,576 
Residential construction loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Other consumer loans:
Pass295 0 955 152 36 0 1,438 21,596 23,034 
Special Mention0 0 0 475 0 105 580 0 580 
Substandard0 98 110 90 18 15 331 0 331 
Not Rated11,859 19,344 18,165 9,661 5,299 4,259 68,587 11,078 79,665 
Total12,154 19,442 19,230 10,378 5,353 4,379 70,936 32,674 103,610 
Other consumer loans:
Current period gross write offs1 139 181 8 58 0 387 384 771 
Total Loans$421,268 $631,648 $656,846 $639,233 $422,133 $563,725 $3,334,853 $1,891,974 $5,226,827 
Total period gross write offs$1 $139 $181 $28,644 $60 $46 $29,071 $548 $29,619 
The following table summarizes the risk category of loans by loan segment and year of origination as of December 31, 2024:
(dollars in thousands)20242023202220212020PriorTerm TotalRevolvingTotal
Commercial and industrial loans:                  
Working capital lines of credit loans:                  
Pass$1,599 $114 $1,640 $1,647 $651 $0 $5,651 $525,179 $530,830 
Special Mention0 0 0 0 0 0 0 48,301 48,301 
Substandard0 0 933 0 195 219 1,347 25,878 27,225 
Doubtful0 3,090 39,994 0 0 0 43,084 0 43,084 
Total1,599 3,204 42,567 1,647 846 219 50,082 599,358 649,440 
Working capital lines of credit loans:
Current period gross write offs0 0 94 0 0 0 94 136 230 
Non-working capital loans:
Pass151,920 157,276 173,274 58,591 32,909 28,582 602,552 164,106 766,658 
Special Mention3,901 2,614 2,024 1,637 393 1,894 12,463 6,491 18,954 
Substandard0 2,986 1,598 107 4,142 584 9,417 406 9,823 
Doubtful0 0 0 21 386 0 407 0 407 
Not Rated1,297 1,657 1,149 395 395 23 4,916 0 4,916 
Total157,118 164,533 178,045 60,751 38,225 31,083 629,755 171,003 800,758 
Non-working capital loans:
Current period gross write offs0 383 0 542 179 44 1,148 237 1,385 
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass23,264 69,737 43,228 2,566 0 0 138,795 426,577 565,372 
Special Mention603 0 0 0 0 0 603 0 603 
Total23,867 69,737 43,228 2,566 0 0 139,398 426,577 565,975 
Construction and land development loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Owner occupied loans:
Pass98,847 138,299 120,191 143,642 109,451 129,051 739,481 35,003 774,484 
Special Mention6,295 2,728 14,777 0 619 2,488 26,907 0 26,907 
Substandard318 318 0 3,101 1,457 0 5,194 0 5,194 
Total105,460 141,345 134,968 146,743 111,527 131,539 771,582 35,003 806,585 
Owner occupied loans:
Current period gross write offs0 0 0 0 0 840 840 0 840 
(dollars in thousands)20242023202220212020PriorTerm TotalRevolvingTotal
Nonowner occupied loans (continued):
Pass152,963 118,517 168,387 101,064 119,612 77,497 738,040 110,441 848,481 
Special Mention0 15,650 108 5,868 0 0 21,626 1,895 23,521 
Total152,963 134,167 168,495 106,932 119,612 77,497 759,666 112,336 872,002 
Nonowner occupied loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Multifamily loans:
Pass70,497 61,679 11,708 52,995 29,177 9,794 235,850 108,486 344,336 
Special Mention0 0 307 0 0 0 307 0 307 
Total70,497 61,679 12,015 52,995 29,177 9,794 236,157 108,486 344,643 
Multifamily loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Agri-business and agricultural loans:
Loans secured by farmland:
Pass14,574 21,241 29,601 23,043 25,192 18,312 131,963 24,249 156,212 
Special Mention122 209 0 0 0 0 331 0 331 
Substandard0 0 0 0 0 71 71 0 71 
Total14,696 21,450 29,601 23,043 25,192 18,383 132,365 24,249 156,614 
Loans secured by farmland:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Loans for agricultural production:
Pass15,945 26,704 21,611 24,374 21,446 1,450 111,530 118,090 229,620 
Special Mention0 0 0 0 0 0 0 1,275 1,275 
Total15,945 26,704 21,611 24,374 21,446 1,450 111,530 119,365 230,895 
Loans for agricultural production:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Other commercial loans:
Pass6,639 17,137 29,985 3,397 11,310 5,544 74,012 19,609 93,621 
Special Mention0 0 0 0 0 1,872 1,872 0 1,872 
Total6,639 17,137 29,985 3,397 11,310 7,416 75,884 19,609 95,493 
Other commercial loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans:
Pass11,104 8,511 9,274 11,278 6,252 4,685 51,104 4,299 55,403 
(dollars in thousands)20242023202220212020PriorTerm TotalRevolvingTotal
Closed end first mortgage loans (continued):
Special Mention122 226 165 66 0 0 579 0 579 
Substandard0 83 319 90 0 629 1,121 0 1,121 
Not Rated28,706 55,641 47,355 34,173 13,543 22,396 201,814 0 201,814 
Total39,932 64,461 57,113 45,607 19,795 27,710 254,618 4,299 258,917 
Closed end first mortgage loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Open end and junior lien loans:
Pass574 738 0 438 0 5 1,755 10,090 11,845 
Special Mention0 0 0 0 309 0 309 0 309 
Substandard0 104 0 15 0 81 200 118 318 
Not Rated21,929 16,134 18,053 4,660 644 2,894 64,314 139,351 203,665 
Total22,503 16,976 18,053 5,113 953 2,980 66,578 149,559 216,137 
Open end and junior lien loans:
Current period gross write offs0 0 79 0 0 0 79 15 94 
Residential construction loans:
Not Rated10,030 1,154 2,045 1,386 759 1,348 16,722 0 16,722 
Total10,030 1,154 2,045 1,386 759 1,348 16,722 0 16,722 
Residential construction loans:
Current period gross write offs0 0 0 0 0 0 0 0 0 
Other consumer loans:
Pass79 971 234 109 0 0 1,393 20,742 22,135 
Special Mention0 0 475 0 157 0 632 0 632 
Substandard0 128 54 76 17 0 275 0 275 
Not Rated23,508 22,250 11,824 6,688 3,743 1,782 69,795 10,930 80,725 
Total23,587 23,349 12,587 6,873 3,917 1,782 72,095 31,672 103,767 
Other consumer loans:
Current period gross write offs49 303 236 33 0 26 647 272 919 
Total loans$644,836 $745,896 $750,313 $481,427 $382,759 $311,201 $3,316,432 $1,801,516 $5,117,948 
Total current period gross write offs$49 $686 $409 $575 $179 $910 $2,808 $660 $3,468 
Schedule of Aging of the Amortized Cost Basis in Past Due Loans
The following table presents the aging of the amortized cost basis in past due loans as of June 30, 2025 by class of loans and loans past due 90 days or more and still accruing by class of loan:
(dollars in thousands)Loans Not Past Due30-89 Days Past DueGreater than 89 Days Past Due and AccruingTotal AccruingTotal NonaccrualNonaccrual With No Allowance For Credit LossTotal
Commercial and industrial loans:            
Working capital lines of credit loans$698,277 $45 $0 $698,322 $19,010 $445 $717,332 
Non-working capital loans767,767 180 0 767,947 7,902 143 775,849 
Commercial real estate and multi-family residential loans:
Construction and land development loans551,538 0 0 551,538 0 0 551,538 
Owner occupied loans778,048 0 0 778,048 1,753 0 779,801 
Nonowner occupied loans868,585 0 0 868,585 0 0 868,585 
Multifamily loans477,537 0 0 477,537 0 0 477,537 
Agri-business and agricultural loans:
Loans secured by farmland150,880 0 0 150,880 61 0 150,941 
Loans for agricultural production188,579 0 0 188,579 13 13 188,592 
Other commercial loans95,348 0 0 95,348 0 0 95,348 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans271,020 509 7 271,536 1,388 625 272,924 
Open end and junior lien loans227,548 457 0 228,005 189 189 228,194 
Residential construction loans16,576 0 0 16,576 0 0 16,576 
Other consumer loans102,819 460 0 103,279 331 6 103,610 
Total$5,194,522 $1,651 $7 $5,196,180 $30,647 $1,421 $5,226,827 
The following table presents the aging of the amortized cost basis in past due loans as of December 31, 2024 by class of loans and loans past due 90 days or more and still accruing by class of loan:
(dollars in thousands)Loans Not Past Due30-89 Days Past DueGreater than 89 Days Past Due and AccruingTotal AccruingTotal NonaccrualNonaccrual With No Allowance For Credit LossTotal
Commercial and industrial loans:            
Working capital lines of credit loans$603,016 $1,082 $0 $604,098 $45,342 $594 $649,440 
Non-working capital loans792,577 663 3 793,243 7,515 37 800,758 
Commercial real estate and multi-family residential loans:
Construction and land development loans565,975 0 0 565,975 0 0 565,975 
Owner occupied loans804,810 0 0 804,810 1,775 318 806,585 
Nonowner occupied loans872,002 0 0 872,002 0 0 872,002 
Multifamily loans344,643 0 0 344,643 0 0 344,643 
Agri-business and agricultural loans:
Loans secured by farmland156,543 0 0 156,543 71 0 156,614 
Loans for agricultural production230,895 0 0 230,895 0 0 230,895 
Other commercial loans95,493 0 0 95,493 0 0 95,493 
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans256,486 1,284 26 257,796 1,121 665 258,917 
Open end and junior lien loans215,505 314 0 215,819 318 318 216,137 
Residential construction loans16,722 0 0 16,722 0 0 16,722 
Other consumer loans102,565 927 0 103,492 275 17 103,767 
Total$5,057,232 $4,270 $29 $5,061,531 $56,417 $1,949 $5,117,948 
Schedule of Amortized Cost Basis of Collateral Dependent Loans
The following tables present the amortized cost basis of collateral dependent loans by class of loan as of:
June 30, 2025
(dollars in thousands)Real EstateGeneral
Business
 Assets		OtherTotal
Commercial and industrial loans:      
Working capital lines of credit loans$234 $38,025 $445 $38,704 
Non-working capital loans57 8,170 8 8,235 
Commercial real estate and multi-family residential loans:
Owner occupied loans312 1,753 0 2,065 
Agri-business and agricultural loans:
Loans secured by farmland0 61 0 61 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans1,388 0 0 1,388 
Open end and junior lien loans190 0 0 190 
Other consumer loans0 0 254 254 
Total$2,181 $48,009 $707 $50,897 
December 31, 2024
(dollars in thousands)Real EstateGeneral
Business
 Assets		OtherTotal
Commercial and industrial loans:      
Working capital lines of credit loans$50 $64,023 $447 $64,520 
Non-working capital loans1,891 6,585 19 8,495 
Commercial real estate and multi-family residential loans:
Owner occupied loans318 3,512 0 3,830 
Agri-business and agricultural loans:
Loans secured by farmland0 71 0 71 
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans1,121 0 0 1,121 
Open end and junior lien loans318 0 0 318 
Other consumer loans0 0 272 272 
Total$3,698 $74,191 $738 $78,627