Allowance for Credit Losses (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Allowance for Credit Losses |
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| Schedule of commercial real estate loan portfolio disaggregated by the type of real estate securing the credit |
| | | | | | | | | | | | | | | | | | June 30, 2025 | | | December 31, 2024 | | | | (Dollars in Thousands) | | | (Dollars in Thousands) | | | | | | Amount | | | Percent of Total | | | | Amount | | | Percent of Total | | | Commercial real estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate construction development | | $ | 1,232,306 | | | 20.4 | % | | $ | 1,313,984 | | | 23.0 | % | | Hotel | | | 1,087,224 | | | 17.9 | | | | 1,080,706 | | | 18.9 | | | Retail multi-tenant | | | 737,880 | | | 12.2 | | | | 738,874 | | | 12.9 | | | Lot development: residential and commercial lots | | | 583,601 | | | 9.6 | | | | 513,760 | | | 9.0 | | | Warehouse | | | 439,255 | | | 7.2 | | | | 435,783 | | | 7.6 | | | Office/Professional buildings | | | 457,096 | | | 7.5 | | | | 416,014 | | | 7.3 | | | 1 - 4 family construction | | | 374,356 | | | 6.2 | | | | 338,832 | | | 5.9 | | | Multi-family | | | 376,628 | | | 6.2 | | | | 310,115 | | | 5.4 | | | Owner occupied real estate | | | 354,928 | | | 5.9 | | | | 270,584 | | | 4.7 | | | Commercial leased properties | | | 291,943 | | | 4.8 | | | | 194,023 | | | 3.4 | | | Farmland | | | 128,146 | | | 2.1 | | | | 109,697 | | | 1.9 | | | Total commercial real estate | | $ | 6,063,363 | | | 100.0 | % | | $ | 5,722,372 | | | 100.0 | % | |
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| Loans individually or collectively evaluated for their impairment and related allowance, by loan class |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | Domestic | | Foreign | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate: | | | | | | | | | | | | | | | | | | | | | | | | | | | Other | | Commercial | | | | | | | | | | | | | | | | | | | | | | | | Construction & | | Real Estate: | | Commercial | | | | | | | | | | | | | | | | | | | | | Land | | Farmland & | | Real Estate: | | Residential: | | Residential: | | | | | | | | | | | | Commercial | | Development | | Commercial | | Multifamily | | First Lien | | Junior Lien | | Consumer | | Foreign | | Total | | | | (Dollars in Thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at March 31, 2025 | | $ | 28,946 | | $ | 61,865 | | $ | 45,667 | | $ | 4,857 | | $ | 5,669 | | $ | 10,077 | | $ | 262 | | $ | 1,364 | | $ | 158,707 | Losses charged to allowance | | | (1,749) | | | (8,121) | | | — | | | — | | | (3) | | | (82) | | | (23) | | | — | | | (9,978) | Recoveries credited to allowance | | | 1,626 | | | — | | | 106 | | | — | | | 13 | | | 109 | | | 2 | | | — | | | 1,856 | Net (losses) recoveries charged to allowance | | | (123) | | | (8,121) | | | 106 | | | — | | | 10 | | | 27 | | | (21) | | | — | | | (8,122) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit loss expense | | | (409) | | | 321 | | | 887 | | | 3,143 | | | 563 | | | (106) | | | 32 | | | (33) | | | 4,398 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2025 | | $ | 28,414 | | $ | 54,065 | | $ | 46,660 | | $ | 8,000 | | $ | 6,242 | | $ | 9,998 | | $ | 273 | | $ | 1,331 | | $ | 154,983 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | | | | | Domestic | | Foreign | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate: | | | | | | | | | | | | | | | | | | | | | | | Other | | Commercial | | | | | | | | | | | | | | | | | | | | | Construction & | | Real Estate: | | Commercial | | | | | | | | | | | | | | | | | | | Land | | Farmland & | | Real Estate: | | Residential: | | Residential: | | | | | | | | | | | | Commercial | | Development | | Commercial | | Multifamily | | First Lien | | Junior Lien | | Consumer | | Foreign | | Total | | | | (Dollars in Thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at March 31, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Losses charged to allowance | | | (1,979) | | | (2,228) | | | — | | | — | | | (1) | | | — | | | (52) | | | — | | | (4,260) | Recoveries credited to allowance | | | 1,234 | | | — | | | 6 | | | — | | | 34 | | | 26 | | | — | | | — | | | 1,300 | Net (losses) recoveries charged to allowance | | | (745) | | | (2,228) | | | 6 | | | — | | | 33 | | | 26 | | | (52) | | | — | | | (2,960) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit loss expense | | | 1,324 | | | 1,971 | | | 5,480 | | | (240) | | | 16 | | | (35) | | | 53 | | | 202 | | | 8,771 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2024 | | $ | 27,255 | | $ | 54,840 | | $ | 44,888 | | $ | 3,528 | | $ | 5,806 | | $ | 10,639 | | $ | 314 | | $ | 1,339 | | $ | 148,609 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | Domestic | | Foreign | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | | | | | Real Estate: | | | | | | | | | | | | | | | | | | | | | | | Other | | Commercial | | | | | | | | | | | | | | | | | | | | | Construction & | | Real Estate: | | Commercial | | | | | | | | | | | | | | | | | | | Land | | Farmland & | | Real Estate: | | Residential: | | Residential: | | | | | | | | | | | | Commercial | | Development | | Commercial | | Multifamily | | First Lien | | Junior Lien | | Consumer | | Foreign | | Total | | | | (Dollars in Thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2024 | | $ | 29,853 | | $ | 60,639 | | $ | 43,990 | | $ | 4,869 | | $ | 5,528 | | $ | 10,031 | | $ | 281 | | $ | 1,346 | | $ | 156,537 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Losses charged to allowance | | | (3,537) | | | (8,121) | | | — | | | — | | | (49) | | | (202) | | | (68) | | | — | | | (11,977) | Recoveries credited to allowance | | | 2,447 | | | — | | | 112 | | | — | | | 15 | | | 116 | | | 6 | | | | | | 2,696 | Net (losses) recoveries charged to allowance | | | (1,090) | | | (8,121) | | | 112 | | | — | | | (34) | | | (86) | | | (62) | | | — | | | (9,281) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit loss expense | | | (349) | | | 1,547 | | | 2,558 | | | 3,131 | | | 748 | | | 53 | | | 54 | | | (15) | | | 7,727 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2025 | | $ | 28,414 | | $ | 54,065 | | $ | 46,660 | | $ | 8,000 | | $ | 6,242 | | $ | 9,998 | | $ | 273 | | $ | 1,331 | | $ | 154,983 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | | | | | | Domestic | | Foreign | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | | | | | | Real Estate: | | | | | | | | | | | | | | | | | | | | | | | | Other | | Commercial | | | | | | | | | | | | | | | | | | | | | | Construction & | | Real Estate: | | Commercial | | | | | | | | | | | | | | | | | | | | Land | | Farmland & | | Real Estate: | | Residential: | | Residential: | | | | | | | | | | | | | Commercial | | Development | | Commercial | | Multifamily | | First Lien | | Junior Lien | | Consumer | | Foreign | | Total | | | | | (Dollars in Thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2023 | | $ | 35,550 | | $ | 55,291 | | $ | 42,703 | | $ | 5,088 | | $ | 5,812 | | $ | 11,024 | | $ | 318 | | $ | 1,283 | | $ | 157,069 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Losses charged to allowance | | | (29,720) | | | (2,228) | | | — | | | — | | | (46) | | | — | | | (90) | | | — | | | (32,084) | | Recoveries credited to allowance | | | 1,789 | | | — | | | 10 | | | — | | | 36 | | | 35 | | | 5 | | | — | | | 1,875 | | Net (losses) recoveries charged to allowance | | | (27,931) | | | (2,228) | | | 10 | | | — | | | (10) | | | 35 | | | (85) | | | — | | | (30,209) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Credit loss expense | | | 19,636 | | | 1,777 | | | 2,175 | | | (1,560) | | | 4 | | | (420) | | | 81 | | | 56 | | | 21,749 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at June 30, 2024 | | $ | 27,255 | | $ | 54,840 | | $ | 44,888 | | $ | 3,528 | | $ | 5,806 | | $ | 10,639 | | $ | 314 | | $ | 1,339 | | $ | 148,609 | |
| | | | | | | | | | | | | | | | June 30, 2025 | | | | Loans Individually | | Loans Collectively | | | | Evaluated For | | Evaluated For | | | | Impairment | | Impairment | | | | Recorded | | | | | Recorded | | | | | | | Investment | | Allowance | | Investment | | Allowance | | | | | (Dollars in Thousands) | | Domestic | | | | | | | | | | | | | | Commercial | | $ | 52,268 | | $ | 400 | | $ | 1,754,590 | | $ | 28,014 | | Commercial real estate: other construction & land development | | | — | | | — | | | 2,563,794 | | | 54,065 | | Commercial real estate: farmland & commercial | | | 63,347 | | | 8,228 | | | 3,041,955 | | | 38,432 | | Commercial real estate: multifamily | | | 43,038 | | | 4,260 | | | 333,162 | | | 3,740 | | Residential: first lien | | | 38 | | | — | | | 588,227 | | | 6,242 | | Residential: junior lien | | | 141 | | | — | | | 461,874 | | | 9,998 | | Consumer | | | — | | | — | | | 52,211 | | | 273 | | Foreign | | | — | | | — | | | 183,975 | | | 1,331 | | | | | | | | | | | | | | | | Total | | $ | 158,832 | | $ | 12,888 | | $ | 8,979,788 | | $ | 142,095 | |
| | | | | | | | | | | | | | | | December 31, 2024 | | | | Loans Individually | | Loans Collectively | | | | Evaluated For | | Evaluated For | | | | Impairment | | Impairment | | | | Recorded | | | | | Recorded | | | | | | | Investment | | Allowance | | Investment | | Allowance | | | | | (Dollars in Thousands) | | Domestic | | | | | | | | | | | | | | Commercial | | $ | 52,110 | | $ | 400 | | $ | 1,799,693 | | $ | 29,453 | | Commercial real estate: other construction & land development | | | 8,195 | | | 8,122 | | | 2,476,259 | | | 52,517 | | Commercial real estate: farmland & commercial | | | 65,733 | | | 8,228 | | | 2,862,070 | | | 35,762 | | Commercial real estate: multifamily | | | 42,964 | | | 1,882 | | | 267,151 | | | 2,987 | | Residential: first lien | | | 45 | | | — | | | 530,039 | | | 5,528 | | Residential: junior lien | | | 141 | | | — | | | 469,088 | | | 10,031 | | Consumer | | | — | | | — | | | 49,777 | | | 281 | | Foreign | | | — | | | — | | | 186,561 | | | 1,346 | | | | | | | | | | | | | | | | Total | | $ | 169,188 | | $ | 18,632 | | $ | 8,640,638 | | $ | 137,905 | |
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| Loans accounted on non-accrual basis, by loan class |
| | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | (Dollars in Thousands) | | | | | Total Non-Accrual Loans | | | Non-Accrual Loans with No Credit Allowance | | | Total Non-Accrual Loans | | | Non-Accrual Loans with No Credit Allowance | | Domestic | | | | | | | | | | | | | | Commercial | | $ | 52,268 | | $ | 51,583 | | $ | 52,110 | | $ | 51,276 | | Commercial real estate: other construction & land development | | | — | | | — | | | 8,195 | | | 73 | | Commercial real estate: farmland & commercial | | | 63,347 | | | 23,978 | | | 65,733 | | | 24,757 | | Commercial real estate: multifamily | | | 43,038 | | | 5,067 | | | 42,964 | | | 73 | | Residential: first lien | | | 93 | | | 93 | | | 134 | | | 134 | | Total non-accrual loans | | $ | 158,746 | | $ | 80,721 | | $ | 169,136 | | $ | 76,313 | |
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| Information regarding the aging of past due loans, by loan class |
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | 90 Days or | | Total | | | | | | | | | | 30 - 59 | | 60 - 89 | | 90 Days or | | greater & | | Past | | | | | Total | | | | Days | | Days | | Greater | | still accruing | | Due | | Current | | Portfolio | | | | | (Dollars in Thousands) | | Domestic | | | | | | | | | | | | | | | | | | | | | | | Commercial | | $ | 7,022 | | $ | 589 | | $ | 48,119 | | $ | 999 | | $ | 55,730 | | $ | 1,751,128 | | $ | 1,806,858 | | Commercial real estate: other construction & land development | | | 1,719 | | | — | | | 5 | | | 5 | | | 1,724 | | | 2,562,070 | | | 2,563,794 | | Commercial real estate: farmland & commercial | | | 1,276 | | | — | | | 26,339 | | | 1,091 | | | 27,615 | | | 3,077,687 | | | 3,105,302 | | Commercial real estate: multifamily | | | 12,907 | | | — | | | 66 | | | — | | | 12,973 | | | 363,227 | | | 376,200 | | Residential: first lien | | | 5,796 | | | 3,184 | | | 2,812 | | | 2,736 | | | 11,792 | | | 576,473 | | | 588,265 | | Residential: junior lien | | | 2,603 | | | 1,027 | | | 2,243 | | | 2,243 | | | 5,873 | | | 456,142 | | | 462,015 | | Consumer | | | 271 | | | 3 | | | 41 | | | 41 | | | 315 | | | 51,896 | | | 52,211 | | Foreign | | | 2,621 | | | 900 | | | 336 | | | 336 | | | 3,857 | | | 180,118 | | | 183,975 | | Total past due loans | | $ | 34,215 | | $ | 5,703 | | $ | 79,961 | | $ | 7,451 | | $ | 119,879 | | $ | 9,018,741 | | $ | 9,138,620 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | 90 Days or | | Total | | | | | | | | | | 30 - 59 | | 60 - 89 | | 90 Days or | | greater & | | Past | | | | | Total | | | | Days | | Days | | Greater | | still accruing | | Due | | Current | | Portfolio | | | | | | (Dollars in Thousands) | | Domestic | | | | | | | | | | | | | | | | | | | | | | | Commercial | | $ | 4,070 | | $ | 51,577 | | $ | 579 | | $ | 534 | | $ | 56,226 | | $ | 1,795,577 | | $ | 1,851,803 | | Commercial real estate: other construction & land development | | | 2,421 | | | 15 | | | 8,122 | | | — | | | 10,558 | | | 2,473,896 | | | 2,484,454 | | Commercial real estate: farmland & commercial | | | 1,221 | | | — | | | 26,416 | | | 262 | | | 27,637 | | | 2,900,166 | | | 2,927,803 | | Commercial real estate: multifamily | | | — | | | 270 | | | 25,064 | | | — | | | 25,334 | | | 284,781 | | | 310,115 | | Residential: first lien | | | 4,763 | | | 1,337 | | | 3,631 | | | 3,542 | | | 9,731 | | | 520,353 | | | 530,084 | | Residential: junior lien | | | 2,599 | | | 1,544 | | | 2,000 | | | 2,000 | | | 6,143 | | | 463,086 | | | 469,229 | | Consumer | | | 122 | | | 32 | | | 16 | | | 16 | | | 170 | | | 49,607 | | | 49,777 | | Foreign | | | 816 | | | 1,992 | | | 339 | | | 339 | | | 3,147 | | | 183,414 | | | 186,561 | | Total past due loans | | $ | 16,012 | | $ | 56,767 | | $ | 66,167 | | $ | 6,693 | | $ | 138,946 | | $ | 8,670,880 | | $ | 8,809,826 | |
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| Summary of the loan portfolio by credit quality indicator, by loan class |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Total | | | | | (Dollars in Thousands) | | Balance at June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | Domestic | | | | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 606,234 | | $ | 451,967 | | $ | 294,786 | | $ | 109,643 | | $ | 182,551 | | $ | 96,997 | | $ | 1,742,178 | | Watch List - Pass | | | 10,855 | | | 61 | | | — | | | — | | | — | | | — | | | 10,916 | | Watch List - Substandard | | | 17 | | | 1,010 | | | 267 | | | 71 | | | 93 | | | 38 | | | 1,496 | | Watch List - Doubtful | | | 4,439 | | | 864 | | | 46,874 | | | 18 | | | 72 | | | 1 | | | 52,268 | | Total Commercial | | $ | 621,545 | | $ | 453,902 | | $ | 341,927 | | $ | 109,732 | | $ | 182,716 | | $ | 97,036 | | $ | 1,806,858 | | Commercial | | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | 3,022 | | $ | 515 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 3,537 | | Commercial real estate: other construction & land development | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 598,585 | | $ | 792,337 | | $ | 879,835 | | $ | 227,451 | | $ | 34,959 | | $ | 12,535 | | $ | 2,545,702 | | Special Review | | | 17,814 | | | — | | | — | | | — | | | — | | | — | | | 17,814 | | Watch List - Substandard | | | — | | | 278 | | | — | | | — | | | — | | | — | | | 278 | | Total Commercial real estate: other construction & land development | | $ | 616,399 | | $ | 792,615 | | $ | 879,835 | | $ | 227,451 | | $ | 34,959 | | $ | 12,535 | | $ | 2,563,794 | | Commercial real estate: other construction & land development | | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | — | | $ | — | | $ | — | | $ | 8,121 | | $ | — | | $ | — | | $ | 8,121 | | Commercial real estate: farmland & commercial | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 417,160 | | $ | 725,235 | | $ | 579,807 | | $ | 500,224 | | $ | 306,286 | | $ | 406,368 | | $ | 2,935,080 | | Special Review | | | 18,046 | | | 463 | | | 66,946 | | | — | | | — | | | — | | | 85,455 | | Watch List - Pass | | | 16,036 | | | 199 | | | — | | | 2,076 | | | — | | | | | | 18,311 | | Watch List - Substandard | | | — | | | 2,073 | | | 240 | | | 445 | | | — | | | 351 | | | 3,109 | | Watch List - Doubtful | | | 38,100 | | | 12,702 | | | — | | | 12,545 | | | — | | | — | | | 63,347 | | Total Commercial real estate: farmland & commercial | | $ | 489,342 | | $ | 740,672 | | $ | 646,993 | | $ | 515,290 | | $ | 306,286 | | $ | 406,719 | | $ | 3,105,302 | | Commercial real estate: multifamily | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 100,592 | | $ | 43,234 | | $ | 20,837 | | $ | 117,619 | | $ | 18,253 | | $ | 32,627 | | $ | 333,162 | | Watch List - Doubtful | | | 12,907 | | | 30,131 | | | — | | | — | | | — | | | — | | | 43,038 | | Total Commercial real estate: multifamily | | $ | 113,499 | | $ | 73,365 | | $ | 20,837 | | $ | 117,619 | | $ | 18,253 | | $ | 32,627 | | $ | 376,200 | | Residential: first lien | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 177,047 | | $ | 96,279 | | $ | 107,988 | | $ | 75,158 | | $ | 48,162 | | $ | 83,206 | | $ | 587,840 | | Watch List - Substandard | | | — | | | 91 | | | — | | | — | | | 295 | | | — | | | 386 | | Watch List - Doubtful | | | — | | | 22 | | | — | | | 17 | | | — | | | — | | | 39 | | Total Residential: first lien | | $ | 177,047 | | $ | 96,392 | | $ | 107,988 | | $ | 75,175 | | $ | 48,457 | | $ | 83,206 | | $ | 588,265 | | Residential: first lien | | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | 48 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1 | | $ | 49 | | Residential: junior lien | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 29,766 | | $ | 86,397 | | $ | 66,502 | | $ | 61,011 | | $ | 64,754 | | $ | 153,444 | | $ | 461,874 | | Watch List- Doubtful | | | 141 | | | — | | | — | | | — | | | — | | | — | | | 141 | | Total Residential: junior lien | | $ | 29,907 | | $ | 86,397 | | $ | 66,502 | | $ | 61,011 | | $ | 64,754 | | $ | 153,444 | | $ | 462,015 | | Residential: junior lien | | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | 120 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 82 | | $ | 202 | | Consumer | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 27,093 | | $ | 19,416 | | $ | 3,345 | | $ | 591 | | $ | 316 | | $ | 1,450 | | $ | 52,211 | | Total Consumer | | $ | 27,093 | | $ | 19,416 | | $ | 3,345 | | $ | 591 | | $ | 316 | | $ | 1,450 | | $ | 52,211 | | Consumer | | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | 32 | | $ | 30 | | $ | 5 | | $ | — | | $ | — | | $ | 1 | | $ | 68 | | Foreign | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 59,552 | | $ | 74,100 | | $ | 23,136 | | $ | 13,972 | | $ | 6,485 | | $ | 6,730 | | $ | 183,975 | | Total Foreign | | $ | 59,552 | | $ | 74,100 | | $ | 23,136 | | $ | 13,972 | | $ | 6,485 | | $ | 6,730 | | $ | 183,975 | | Total Loans | | $ | 2,134,384 | | $ | 2,336,859 | | $ | 2,090,563 | | $ | 1,120,841 | | $ | 662,226 | | $ | 793,747 | | $ | 9,138,620 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Total | | | | (Dollars in Thousands) | Balance at December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | Domestic | | | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 993,045 | | $ | 343,212 | | $ | 135,057 | | $ | 214,702 | | $ | 37,670 | | $ | 63,030 | | $ | 1,786,716 | Special Review | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Watch List - Pass | | | — | | | 11,113 | | | — | | | — | | | — | | | — | | | 11,113 | Watch List - Substandard | | | 1,341 | | | 327 | | | 74 | | | 122 | | | — | | | — | | | 1,864 | Watch List - Doubtful | | | 881 | | | 51,184 | | | 45 | | | — | | | — | | | — | | | 52,110 | Total Commercial | | $ | 995,267 | | $ | 405,836 | | $ | 135,176 | | $ | 214,824 | | $ | 37,670 | | $ | 63,030 | | $ | 1,851,803 | Commercial | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | 5,711 | | $ | 2,689 | | $ | 25,686 | | $ | 44 | | $ | 14 | | $ | 5 | | $ | 34,149 | Commercial real estate: other construction & land development | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,029,399 | | $ | 921,180 | | $ | 322,348 | | $ | 144,221 | | $ | 39,908 | | $ | 2,925 | | $ | 2,459,981 | Special Review | | | — | | | 16,000 | | | — | | | — | | | — | | | — | | | 16,000 | Watch List - Substandard | | | 278 | | | — | | | — | | | — | | | — | | | — | | | 278 | Watch List - Doubtful | | | 73 | | | — | | | 8,122 | | | — | | | — | | | — | | | 8,195 | Total Commercial real estate: other construction & land development | | $ | 1,029,750 | | $ | 937,180 | | $ | 330,470 | | $ | 144,221 | | $ | 39,908 | | $ | 2,925 | | $ | 2,484,454 | Commercial real estate: other construction & land development | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | — | | $ | 1,146 | | $ | 1,082 | | $ | — | | $ | — | | $ | — | | $ | 2,228 | Commercial real estate: farmland & commercial | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 814,273 | | $ | 631,806 | | $ | 531,035 | | $ | 312,757 | | $ | 220,510 | | $ | 245,334 | | $ | 2,755,715 | Special Review | | | 643 | | | 67,567 | | | — | | | — | | | — | | | — | | | 68,210 | Watch List - Pass | | | 16,490 | | | — | | | — | | | — | | | — | | | — | | | 16,490 | Watch List - Substandard | | | 18,934 | | | 242 | | | 2,122 | | | — | | | 357 | | | — | | | 21,655 | Watch List - Doubtful | | | 52,973 | | | 115 | | | 12,645 | | | — | | | — | | | — | | | 65,733 | Total Commercial real estate: farmland & commercial | | $ | 903,313 | | $ | 699,730 | | $ | 545,802 | | $ | 312,757 | | $ | 220,867 | | $ | 245,334 | | $ | 2,927,803 | Commercial real estate: farmland & commercial | | | | | | | | | | | | | | | | | | | | | | Commercial real estate: multifamily | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 90,092 | | $ | 11,538 | | $ | 108,830 | | $ | 18,621 | | $ | 8,198 | | $ | 29,871 | | $ | 267,150 | Watch List - Doubtful | | | 17,901 | | | 25,064 | | | — | | | — | | | — | | | — | | | 42,965 | Total Commercial real estate: multifamily | | $ | 107,993 | | $ | 36,602 | | $ | 108,830 | | $ | 18,621 | | $ | 8,198 | | $ | 29,871 | | $ | 310,115 | Commercial real estate: multifamily | | | | | | | | | | | | | | | | | | | | | | Residential: first lien | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 180,743 | | $ | 107,100 | | $ | 81,618 | | $ | 57,503 | | $ | 29,316 | | $ | 73,390 | | $ | 529,670 | Watch List - Substandard | | | 95 | | | — | | | — | | | 274 | | | — | | | — | | | 369 | Watch List - Doubtful | | | 23 | | | — | | | 22 | | | — | | | — | | | — | | | 45 | Total Residential: first lien | | $ | 180,861 | | $ | 107,100 | | $ | 81,640 | | $ | 57,777 | | $ | 29,316 | | $ | 73,390 | | $ | 530,084 | Residential: first lien | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 46 | | $ | 46 | Residential: junior lien | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 91,202 | | $ | 73,740 | | $ | 65,144 | | $ | 70,969 | | $ | 65,799 | | $ | 102,234 | | $ | 469,088 | Watch List- Doubtful | | | 141 | | | — | | | — | | | — | | | — | | | — | | | 141 | Total Residential: junior lien | | $ | 91,343 | | $ | 73,740 | | $ | 65,144 | | $ | 70,969 | | $ | 65,799 | | $ | 102,234 | | $ | 469,229 | Residential: junior lien | | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 38,778 | | $ | 8,137 | | $ | 904 | | $ | 422 | | $ | 22 | | $ | 1,514 | | $ | 49,777 | Total Consumer | | $ | 38,778 | | $ | 8,137 | | $ | 904 | | $ | 422 | | $ | 22 | | $ | 1,514 | | $ | 49,777 | Consumer | | | | | | | | | | | | | | | | | | | | | | Current-period gross writeoffs | | $ | 43 | | $ | 120 | | $ | 22 | | $ | — | | $ | — | | $ | — | | $ | 185 | Foreign | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 124,716 | | $ | 30,648 | | $ | 16,877 | | $ | 6,962 | | $ | 2,879 | | $ | 4,479 | | $ | 186,561 | Total Foreign | | $ | 124,716 | | $ | 30,648 | | $ | 16,877 | | $ | 6,962 | | $ | 2,879 | | $ | 4,479 | | $ | 186,561 | Foreign | | | | | | | | | | | | | | | | | | | | | | Total Loans | | $ | 3,472,021 | | $ | 2,298,973 | | $ | 1,284,843 | | $ | 826,553 | | $ | 404,659 | | $ | 522,777 | | $ | 8,809,826 |
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