| Summary of Financing Receivable, Past Due |
The following tables present the aging of the recorded investment of loans held for investment by loan category as of the dates stated.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
(Dollars in thousands) |
|
Current
Loans |
|
|
30-59
Days
Past Due |
|
|
60-89
Days
Past Due |
|
|
Greater than
90 Days Past
Due &
Accruing |
|
|
Nonaccrual |
|
|
Total
Loans |
|
Commercial and industrial |
|
$ |
311,082 |
|
|
$ |
1,049 |
|
|
$ |
1,042 |
|
|
$ |
1,643 |
|
|
$ |
9,160 |
|
|
$ |
323,976 |
|
Real estate – construction, commercial |
|
|
78,476 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
78,476 |
|
Real estate – construction, residential |
|
|
51,877 |
|
|
|
154 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
52,031 |
|
Real estate – commercial |
|
|
803,361 |
|
|
|
511 |
|
|
|
3,073 |
|
|
|
— |
|
|
|
4,033 |
|
|
|
810,978 |
|
Real estate – residential |
|
|
659,398 |
|
|
|
930 |
|
|
|
2,745 |
|
|
|
— |
|
|
|
8,244 |
|
|
|
671,317 |
|
Real estate – farmland |
|
|
4,723 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,723 |
|
Consumer |
|
|
34,051 |
|
|
|
1,078 |
|
|
|
201 |
|
|
|
238 |
|
|
|
669 |
|
|
|
36,237 |
|
Deferred costs, net of loan fees |
|
|
847 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
847 |
|
Total |
|
$ |
1,943,815 |
|
|
$ |
3,722 |
|
|
$ |
7,061 |
|
|
$ |
1,881 |
|
|
$ |
22,106 |
|
|
$ |
1,978,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
(Dollars in thousands) |
|
Current
Loans |
|
|
30-59
Days
Past Due |
|
|
60-89
Days
Past Due |
|
|
Greater than
90 Days Past
Due &
Accruing |
|
|
Nonaccrual |
|
|
Total
Loans |
|
Commercial and industrial |
|
$ |
339,893 |
|
|
$ |
1,335 |
|
|
$ |
1,232 |
|
|
$ |
2,259 |
|
|
$ |
10,185 |
|
|
$ |
354,904 |
|
Real estate – construction, commercial |
|
|
114,238 |
|
|
|
— |
|
|
|
33 |
|
|
|
— |
|
|
|
220 |
|
|
|
114,491 |
|
Real estate – construction, residential |
|
|
51,807 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
51,807 |
|
Real estate – commercial |
|
|
842,982 |
|
|
|
625 |
|
|
|
— |
|
|
|
— |
|
|
|
4,235 |
|
|
|
847,842 |
|
Real estate – residential |
|
|
680,406 |
|
|
|
3,874 |
|
|
|
476 |
|
|
|
— |
|
|
|
7,497 |
|
|
|
692,253 |
|
Real estate – farmland |
|
|
5,520 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,520 |
|
Consumer |
|
|
41,295 |
|
|
|
1,296 |
|
|
|
300 |
|
|
|
227 |
|
|
|
820 |
|
|
|
43,938 |
|
Deferred costs, net of loan fees |
|
|
1,042 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,042 |
|
Total |
|
$ |
2,077,183 |
|
|
$ |
7,130 |
|
|
$ |
2,041 |
|
|
$ |
2,486 |
|
|
$ |
22,957 |
|
|
$ |
2,111,797 |
|
|
| Summary of Recorded Investment of Loans Held for Investment by Internal Loan Grade by Year of Orgination |
The following table presents the recorded investment of loans held for investment by internal loan risk grade by year of origination as of June 30, 2025. There were no loans classified as loss (risk grade 9) as of the same date. Also presented are current period gross charge-offs by loan type for the six months ended June 30, 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loans Recorded Investment Basis by Origination Year |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving Loans |
|
|
Total |
|
Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
$ |
5,579 |
|
|
$ |
10,041 |
|
|
$ |
11,821 |
|
|
$ |
50,243 |
|
|
$ |
11,492 |
|
|
$ |
26,355 |
|
|
$ |
99,294 |
|
|
$ |
214,825 |
|
Risk Grades 5 - 6 |
|
|
200 |
|
|
|
368 |
|
|
|
23,881 |
|
|
|
36,538 |
|
|
|
5,792 |
|
|
|
5,512 |
|
|
|
10,722 |
|
|
|
83,013 |
|
Risk Grade 7 |
|
|
— |
|
|
|
303 |
|
|
|
3,036 |
|
|
|
5,972 |
|
|
|
12,964 |
|
|
|
1,849 |
|
|
|
1,947 |
|
|
|
26,071 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
67 |
|
|
|
— |
|
|
|
— |
|
|
|
67 |
|
Total |
|
|
5,779 |
|
|
|
10,712 |
|
|
|
38,738 |
|
|
|
92,753 |
|
|
|
30,315 |
|
|
|
33,716 |
|
|
|
111,963 |
|
|
|
323,976 |
|
Current period gross charge-offs |
|
|
— |
|
|
|
369 |
|
|
|
30 |
|
|
|
4,103 |
|
|
|
— |
|
|
|
109 |
|
|
|
50 |
|
|
|
4,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – construction, commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
1,504 |
|
|
|
6,608 |
|
|
|
2,641 |
|
|
|
43,841 |
|
|
|
4,709 |
|
|
|
6,813 |
|
|
|
56 |
|
|
|
66,172 |
|
Risk Grades 5 - 6 |
|
|
169 |
|
|
|
— |
|
|
|
1,082 |
|
|
|
— |
|
|
|
700 |
|
|
|
10,224 |
|
|
|
— |
|
|
|
12,175 |
|
Risk Grade 7 |
|
|
— |
|
|
|
— |
|
|
|
114 |
|
|
|
— |
|
|
|
15 |
|
|
|
— |
|
|
|
— |
|
|
|
129 |
|
Total |
|
|
1,673 |
|
|
|
6,608 |
|
|
|
3,837 |
|
|
|
43,841 |
|
|
|
5,424 |
|
|
|
17,037 |
|
|
|
56 |
|
|
|
78,476 |
|
Current period gross charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – construction, residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
14,826 |
|
|
|
11,275 |
|
|
|
1,183 |
|
|
|
394 |
|
|
|
— |
|
|
|
53 |
|
|
|
683 |
|
|
|
28,414 |
|
Risk Grades 5 - 6 |
|
|
540 |
|
|
|
— |
|
|
|
— |
|
|
|
3,187 |
|
|
|
19,423 |
|
|
|
— |
|
|
|
— |
|
|
|
23,150 |
|
Risk Grade 7 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
467 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
467 |
|
Total |
|
|
15,366 |
|
|
|
11,275 |
|
|
|
1,183 |
|
|
|
4,048 |
|
|
|
19,423 |
|
|
|
53 |
|
|
|
683 |
|
|
|
52,031 |
|
Current period gross charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
10,255 |
|
|
|
4,603 |
|
|
|
34,844 |
|
|
|
190,611 |
|
|
|
112,137 |
|
|
|
252,503 |
|
|
|
18,229 |
|
|
|
623,182 |
|
Risk Grades 5 - 6 |
|
|
— |
|
|
|
522 |
|
|
|
3,381 |
|
|
|
82,100 |
|
|
|
8,494 |
|
|
|
47,189 |
|
|
|
4,383 |
|
|
|
146,069 |
|
Risk Grade 7 |
|
|
— |
|
|
|
1,560 |
|
|
|
— |
|
|
|
26,928 |
|
|
|
10,029 |
|
|
|
1,871 |
|
|
|
— |
|
|
|
40,388 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,339 |
|
|
|
— |
|
|
|
— |
|
|
|
1,339 |
|
Total |
|
|
10,255 |
|
|
|
6,685 |
|
|
|
38,225 |
|
|
|
299,639 |
|
|
|
131,999 |
|
|
|
301,563 |
|
|
|
22,612 |
|
|
|
810,978 |
|
Current period gross charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
63 |
|
|
|
— |
|
|
|
63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
4,221 |
|
|
|
2,205 |
|
|
|
69,989 |
|
|
|
220,306 |
|
|
|
108,735 |
|
|
|
191,408 |
|
|
|
53,931 |
|
|
|
650,795 |
|
Risk Grades 5 - 6 |
|
|
575 |
|
|
|
456 |
|
|
|
165 |
|
|
|
739 |
|
|
|
974 |
|
|
|
4,810 |
|
|
|
227 |
|
|
|
7,946 |
|
Risk Grade 7 |
|
|
141 |
|
|
|
— |
|
|
|
1,200 |
|
|
|
1,903 |
|
|
|
2,457 |
|
|
|
6,319 |
|
|
|
554 |
|
|
|
12,574 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
|
2 |
|
Total |
|
|
4,937 |
|
|
|
2,661 |
|
|
|
71,354 |
|
|
|
222,948 |
|
|
|
112,166 |
|
|
|
202,538 |
|
|
|
54,713 |
|
|
|
671,317 |
|
Current period gross charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
107 |
|
|
|
123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – farmland |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
— |
|
|
|
145 |
|
|
|
— |
|
|
|
993 |
|
|
|
1,212 |
|
|
|
1,938 |
|
|
|
147 |
|
|
|
4,435 |
|
Risk Grades 5 - 6 |
|
|
63 |
|
|
|
— |
|
|
|
129 |
|
|
|
— |
|
|
|
96 |
|
|
|
— |
|
|
|
— |
|
|
|
288 |
|
Total |
|
|
63 |
|
|
|
145 |
|
|
|
129 |
|
|
|
993 |
|
|
|
1,308 |
|
|
|
1,938 |
|
|
|
147 |
|
|
|
4,723 |
|
Current period gross charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
2,078 |
|
|
|
4,529 |
|
|
|
13,590 |
|
|
|
6,832 |
|
|
|
1,026 |
|
|
|
785 |
|
|
|
5,815 |
|
|
|
34,655 |
|
Risk Grades 5 - 6 |
|
|
— |
|
|
|
120 |
|
|
|
190 |
|
|
|
243 |
|
|
|
90 |
|
|
|
32 |
|
|
|
— |
|
|
|
675 |
|
Risk Grade 7 |
|
|
— |
|
|
|
74 |
|
|
|
263 |
|
|
|
365 |
|
|
|
149 |
|
|
|
56 |
|
|
|
— |
|
|
|
907 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
|
2,078 |
|
|
|
4,723 |
|
|
|
14,043 |
|
|
|
7,440 |
|
|
|
1,265 |
|
|
|
873 |
|
|
|
5,815 |
|
|
|
36,237 |
|
Current period gross charge-offs |
|
|
71 |
|
|
|
347 |
|
|
|
118 |
|
|
|
463 |
|
|
|
28 |
|
|
|
8 |
|
|
|
— |
|
|
|
1,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
$ |
38,463 |
|
|
$ |
39,406 |
|
|
$ |
134,068 |
|
|
$ |
513,220 |
|
|
$ |
239,311 |
|
|
$ |
479,855 |
|
|
$ |
178,155 |
|
|
$ |
1,622,478 |
|
Risk Grades 5 - 6 |
|
|
1,547 |
|
|
|
1,466 |
|
|
|
28,828 |
|
|
|
122,807 |
|
|
|
35,569 |
|
|
|
67,767 |
|
|
|
15,332 |
|
|
|
273,316 |
|
Risk Grade 7 |
|
|
141 |
|
|
|
1,937 |
|
|
|
4,613 |
|
|
|
35,635 |
|
|
|
25,614 |
|
|
|
10,095 |
|
|
|
2,501 |
|
|
|
80,536 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,406 |
|
|
|
1 |
|
|
|
1 |
|
|
|
1,408 |
|
Total |
|
$ |
40,151 |
|
|
$ |
42,809 |
|
|
$ |
167,509 |
|
|
$ |
671,662 |
|
|
$ |
301,900 |
|
|
$ |
557,718 |
|
|
$ |
195,989 |
|
|
$ |
1,977,738 |
|
Total current period gross charge-offs |
|
$ |
71 |
|
|
$ |
716 |
|
|
$ |
148 |
|
|
$ |
4,566 |
|
|
$ |
28 |
|
|
$ |
196 |
|
|
$ |
157 |
|
|
$ |
5,882 |
|
The following table presents the recorded investment of loans held for investment by internal loan risk grade by year of origination as of December 31, 2024. There were no loans classified as loss (risk grade 9) as of the same date.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loans Recorded Investment Basis by Origination Year |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
|
Prior |
|
|
Revolving Loans |
|
|
Total |
|
Commercial and industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
$ |
13,883 |
|
|
$ |
13,559 |
|
|
$ |
64,530 |
|
|
$ |
14,600 |
|
|
$ |
17,405 |
|
|
$ |
15,760 |
|
|
$ |
98,867 |
|
|
$ |
238,604 |
|
Risk Grades 5 - 6 |
|
|
672 |
|
|
|
24,430 |
|
|
|
37,503 |
|
|
|
10,201 |
|
|
|
5,183 |
|
|
|
979 |
|
|
|
15,092 |
|
|
|
94,060 |
|
Risk Grade 7 |
|
|
944 |
|
|
|
2,248 |
|
|
|
5,173 |
|
|
|
10,462 |
|
|
|
562 |
|
|
|
1,247 |
|
|
|
1,521 |
|
|
|
22,157 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
82 |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
83 |
|
Total |
|
|
15,499 |
|
|
|
40,237 |
|
|
|
107,206 |
|
|
|
35,345 |
|
|
|
23,150 |
|
|
|
17,987 |
|
|
|
115,480 |
|
|
|
354,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – construction, commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
6,219 |
|
|
|
6,277 |
|
|
|
65,560 |
|
|
|
7,776 |
|
|
|
5,405 |
|
|
|
4,792 |
|
|
|
399 |
|
|
|
96,428 |
|
Risk Grades 5 - 6 |
|
|
— |
|
|
|
1,090 |
|
|
|
— |
|
|
|
7,567 |
|
|
|
4,770 |
|
|
|
4,235 |
|
|
|
— |
|
|
|
17,662 |
|
Risk Grade 7 |
|
|
— |
|
|
|
116 |
|
|
|
— |
|
|
|
24 |
|
|
|
— |
|
|
|
261 |
|
|
|
— |
|
|
|
401 |
|
Total |
|
|
6,219 |
|
|
|
7,483 |
|
|
|
65,560 |
|
|
|
15,367 |
|
|
|
10,175 |
|
|
|
9,288 |
|
|
|
399 |
|
|
|
114,491 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – construction, residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
19,574 |
|
|
|
8,861 |
|
|
|
7,837 |
|
|
|
13,971 |
|
|
|
— |
|
|
|
57 |
|
|
|
990 |
|
|
|
51,290 |
|
Risk Grades 5 - 6 |
|
|
193 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
193 |
|
Risk Grade 7 |
|
|
— |
|
|
|
169 |
|
|
|
155 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
324 |
|
Total |
|
|
19,767 |
|
|
|
9,030 |
|
|
|
7,992 |
|
|
|
13,971 |
|
|
|
— |
|
|
|
57 |
|
|
|
990 |
|
|
|
51,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
4,747 |
|
|
|
34,698 |
|
|
|
245,563 |
|
|
|
118,435 |
|
|
|
142,211 |
|
|
|
133,856 |
|
|
|
21,323 |
|
|
|
700,833 |
|
Risk Grades 5 - 6 |
|
|
535 |
|
|
|
5,092 |
|
|
|
64,677 |
|
|
|
7,002 |
|
|
|
14,604 |
|
|
|
23,104 |
|
|
|
4,184 |
|
|
|
119,198 |
|
Risk Grade 7 |
|
|
1,565 |
|
|
|
— |
|
|
|
9,970 |
|
|
|
10,380 |
|
|
|
2,945 |
|
|
|
1,355 |
|
|
|
25 |
|
|
|
26,240 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,379 |
|
|
|
— |
|
|
|
192 |
|
|
|
— |
|
|
|
1,571 |
|
Total |
|
|
6,847 |
|
|
|
39,790 |
|
|
|
320,210 |
|
|
|
137,196 |
|
|
|
159,760 |
|
|
|
158,507 |
|
|
|
25,532 |
|
|
|
847,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
2,815 |
|
|
|
66,780 |
|
|
|
225,159 |
|
|
|
114,682 |
|
|
|
64,548 |
|
|
|
143,002 |
|
|
|
53,498 |
|
|
|
670,484 |
|
Risk Grades 5 - 6 |
|
|
853 |
|
|
|
— |
|
|
|
2,303 |
|
|
|
1,295 |
|
|
|
318 |
|
|
|
2,378 |
|
|
|
95 |
|
|
|
7,242 |
|
Risk Grade 7 |
|
|
— |
|
|
|
736 |
|
|
|
2,153 |
|
|
|
2,113 |
|
|
|
1,454 |
|
|
|
5,822 |
|
|
|
2,249 |
|
|
|
14,527 |
|
Total |
|
|
3,668 |
|
|
|
67,516 |
|
|
|
229,615 |
|
|
|
118,090 |
|
|
|
66,320 |
|
|
|
151,202 |
|
|
|
55,842 |
|
|
|
692,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate – farmland |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
147 |
|
|
|
— |
|
|
|
997 |
|
|
|
1,239 |
|
|
|
— |
|
|
|
2,753 |
|
|
|
149 |
|
|
|
5,285 |
|
Risk Grades 5 - 6 |
|
|
— |
|
|
|
135 |
|
|
|
— |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
235 |
|
Total |
|
|
147 |
|
|
|
135 |
|
|
|
997 |
|
|
|
1,339 |
|
|
|
— |
|
|
|
2,753 |
|
|
|
149 |
|
|
|
5,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
|
5,944 |
|
|
|
17,211 |
|
|
|
8,716 |
|
|
|
1,650 |
|
|
|
1,034 |
|
|
|
486 |
|
|
|
7,283 |
|
|
|
42,324 |
|
Risk Grades 5 - 6 |
|
|
74 |
|
|
|
133 |
|
|
|
225 |
|
|
|
99 |
|
|
|
32 |
|
|
|
3 |
|
|
|
— |
|
|
|
566 |
|
Risk Grade 7 |
|
|
87 |
|
|
|
330 |
|
|
|
332 |
|
|
|
184 |
|
|
|
63 |
|
|
|
24 |
|
|
|
28 |
|
|
|
1,048 |
|
Total |
|
|
6,105 |
|
|
|
17,674 |
|
|
|
9,273 |
|
|
|
1,933 |
|
|
|
1,129 |
|
|
|
513 |
|
|
|
7,311 |
|
|
|
43,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk Grades 1 - 4 |
|
$ |
53,329 |
|
|
$ |
147,386 |
|
|
$ |
618,362 |
|
|
$ |
272,353 |
|
|
$ |
230,603 |
|
|
$ |
300,706 |
|
|
$ |
182,509 |
|
|
$ |
1,805,248 |
|
Risk Grades 5 - 6 |
|
|
2,327 |
|
|
|
30,880 |
|
|
|
104,708 |
|
|
|
26,264 |
|
|
|
24,907 |
|
|
|
30,699 |
|
|
|
19,371 |
|
|
|
239,156 |
|
Risk Grade 7 |
|
|
2,596 |
|
|
|
3,599 |
|
|
|
17,783 |
|
|
|
23,163 |
|
|
|
5,024 |
|
|
|
8,709 |
|
|
|
3,823 |
|
|
|
64,697 |
|
Risk Grade 8 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,461 |
|
|
|
— |
|
|
|
193 |
|
|
|
— |
|
|
|
1,654 |
|
Total |
|
$ |
58,252 |
|
|
$ |
181,865 |
|
|
$ |
740,853 |
|
|
$ |
323,241 |
|
|
$ |
260,534 |
|
|
$ |
340,307 |
|
|
$ |
205,703 |
|
|
$ |
2,110,755 |
|
|
| Summary of Change in the ACL by Loan Segment |
The following tables present an analysis of the change in the ACL by loan segment for the periods stated.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, 2025 |
|
(Dollars in thousands) |
|
Commercial and industrial |
|
|
Real estate – construction, commercial |
|
|
Real estate – construction, residential |
|
|
Real estate – commercial |
|
|
Real estate – residential |
|
|
Real estate – farmland |
|
|
Consumer |
|
|
Total |
|
ACL, beginning of period |
|
$ |
5,726 |
|
|
$ |
1,992 |
|
|
$ |
552 |
|
|
$ |
5,998 |
|
|
$ |
8,171 |
|
|
$ |
18 |
|
|
$ |
669 |
|
|
$ |
23,126 |
|
Provision for (recovery of) credit losses - loans |
|
|
147 |
|
|
|
(720 |
) |
|
|
(154 |
) |
|
|
(119 |
) |
|
|
(69 |
) |
|
|
(3 |
) |
|
|
218 |
|
|
|
(700 |
) |
Charge-offs |
|
|
(2,537 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(107 |
) |
|
|
— |
|
|
|
(448 |
) |
|
|
(3,092 |
) |
Recoveries |
|
|
2,510 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
124 |
|
|
|
2,640 |
|
Net charge-offs |
|
|
(27 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(101 |
) |
|
|
— |
|
|
|
(324 |
) |
|
|
(452 |
) |
ACL, end of period |
|
$ |
5,846 |
|
|
$ |
1,272 |
|
|
$ |
398 |
|
|
$ |
5,879 |
|
|
$ |
8,001 |
|
|
$ |
15 |
|
|
$ |
563 |
|
|
$ |
21,974 |
|
|
|
|
|
For the three months ended June 30, 2024 |
|
(Dollars in thousands) |
|
Commercial and industrial |
|
|
Real estate – construction, commercial |
|
|
Real estate – construction, residential |
|
|
Real estate – commercial |
|
|
Real estate – residential |
|
|
Real estate – farmland |
|
|
Consumer |
|
|
Total |
|
ACL, beginning of period |
|
$ |
13,619 |
|
|
$ |
3,596 |
|
|
$ |
919 |
|
|
$ |
9,832 |
|
|
$ |
6,338 |
|
|
$ |
18 |
|
|
$ |
703 |
|
|
$ |
35,025 |
|
Provision for (recovery of) credit losses - loans |
|
|
3,451 |
|
|
|
(408 |
) |
|
|
(143 |
) |
|
|
430 |
|
|
|
(57 |
) |
|
|
— |
|
|
|
327 |
|
|
|
3,600 |
|
Charge-offs |
|
|
(11,982 |
) |
|
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
(44 |
) |
|
|
— |
|
|
|
(545 |
) |
|
|
(12,610 |
) |
Recoveries |
|
|
1,828 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
190 |
|
|
|
2,021 |
|
Net charge-offs |
|
|
(10,154 |
) |
|
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
(41 |
) |
|
|
— |
|
|
|
(355 |
) |
|
|
(10,589 |
) |
ACL, end of period |
|
$ |
6,916 |
|
|
$ |
3,188 |
|
|
$ |
737 |
|
|
$ |
10,262 |
|
|
$ |
6,240 |
|
|
$ |
18 |
|
|
$ |
675 |
|
|
$ |
28,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, 2025 |
|
(Dollars in thousands) |
|
Commercial and industrial |
|
|
Real estate – construction, commercial |
|
|
Real estate – construction, residential |
|
|
Real estate – commercial |
|
|
Real estate – residential |
|
|
Real estate – farmland |
|
|
Consumer |
|
|
Total |
|
ACL, beginning of period |
|
$ |
5,767 |
|
|
$ |
2,057 |
|
|
$ |
540 |
|
|
$ |
5,963 |
|
|
$ |
7,933 |
|
|
$ |
18 |
|
|
$ |
745 |
|
|
$ |
23,023 |
|
(Recovery of) provision for credit losses - loans |
|
|
(42 |
) |
|
|
(785 |
) |
|
|
(142 |
) |
|
|
(359 |
) |
|
|
184 |
|
|
|
(3 |
) |
|
|
447 |
|
|
|
(700 |
) |
Charge-offs |
|
|
(4,661 |
) |
|
|
— |
|
|
|
— |
|
|
|
(63 |
) |
|
|
(123 |
) |
|
|
— |
|
|
|
(1,035 |
) |
|
|
(5,882 |
) |
Recoveries |
|
|
4,782 |
|
|
|
— |
|
|
|
— |
|
|
|
338 |
|
|
|
7 |
|
|
|
— |
|
|
|
406 |
|
|
|
5,533 |
|
Net recoveries (charge-offs) |
|
|
121 |
|
|
|
— |
|
|
|
— |
|
|
|
275 |
|
|
|
(116 |
) |
|
|
— |
|
|
|
(629 |
) |
|
|
(349 |
) |
ACL, end of period |
|
$ |
5,846 |
|
|
$ |
1,272 |
|
|
$ |
398 |
|
|
$ |
5,879 |
|
|
$ |
8,001 |
|
|
$ |
15 |
|
|
$ |
563 |
|
|
$ |
21,974 |
|
|
|
|
|
For the six months ended June 30, 2024 |
|
(Dollars in thousands) |
|
Commercial and industrial |
|
|
Real estate – construction, commercial |
|
|
Real estate – construction, residential |
|
|
Real estate – commercial |
|
|
Real estate – residential |
|
|
Real estate – farmland |
|
|
Consumer |
|
|
Total |
|
ACL, beginning of period |
|
$ |
13,787 |
|
|
$ |
4,024 |
|
|
$ |
1,094 |
|
|
$ |
9,929 |
|
|
$ |
6,286 |
|
|
$ |
15 |
|
|
$ |
758 |
|
|
$ |
35,893 |
|
Provision for (recovery of) credit losses - loans |
|
|
3,708 |
|
|
|
(836 |
) |
|
|
(318 |
) |
|
|
333 |
|
|
|
(18 |
) |
|
|
3 |
|
|
|
728 |
|
|
|
3,600 |
|
Charge-offs |
|
|
(13,939 |
) |
|
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
(44 |
) |
|
|
— |
|
|
|
(1,290 |
) |
|
|
(15,312 |
) |
Recoveries |
|
|
3,360 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
— |
|
|
|
479 |
|
|
|
3,855 |
|
Net charge-offs |
|
|
(10,579 |
) |
|
|
— |
|
|
|
(39 |
) |
|
|
— |
|
|
|
(28 |
) |
|
|
— |
|
|
|
(811 |
) |
|
|
(11,457 |
) |
ACL, end of period |
|
$ |
6,916 |
|
|
$ |
3,188 |
|
|
$ |
737 |
|
|
$ |
10,262 |
|
|
$ |
6,240 |
|
|
$ |
18 |
|
|
$ |
675 |
|
|
$ |
28,036 |
|
|