Schedule of Loans Receivable, Amortized Cost, by Risk Grade, Origination Year and Gross Charge-Offs |
The following tables present the amortized cost of loans receivable by risk grade and origination year at the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted(1) | | Loans Receivable | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | | | | (Dollars in thousands) | Commercial business: | Commercial and industrial | Pass | $ | 37,533 | | | $ | 192,810 | | | $ | 108,240 | | | $ | 108,715 | | | $ | 42,956 | | | $ | 111,254 | | | $ | 147,291 | | | $ | 5,297 | | | $ | 754,096 | | SM | 1,556 | | | 5,649 | | | 10,245 | | | 7,895 | | | 1,814 | | | 2,893 | | | 18,750 | | | 602 | | | 49,404 | | SS | — | | | 28 | | | 1,972 | | | 7,400 | | | 32 | | | 6,816 | | | 11,212 | | | 136 | | | 27,596 | | Total | 39,089 | | | 198,487 | | | 120,457 | | | 124,010 | | | 44,802 | | | 120,963 | | | 177,253 | | | 6,035 | | | 831,096 | | Owner-occupied CRE | Pass | 63,655 | | | 112,897 | | | 93,140 | | | 133,726 | | | 141,991 | | | 436,302 | | | — | | | — | | | 981,711 | | SM | — | | | — | | | 2,701 | | | 1,208 | | | 4,773 | | | 7,334 | | | — | | | — | | | 16,016 | | SS | — | | | — | | | — | | | — | | | 1,161 | | | 16,003 | | | — | | | — | | | 17,164 | | Total | 63,655 | | | 112,897 | | | 95,841 | | | 134,934 | | | 147,925 | | | 459,639 | | | — | | | — | | | 1,014,891 | | Non-owner occupied CRE | Pass | 90,598 | | | 171,580 | | | 176,699 | | | 343,134 | | | 235,298 | | | 858,427 | | | — | | | — | | | 1,875,736 | | SM | — | | | — | | | 2,858 | | | — | | | 7,893 | | | 30,352 | | | — | | | — | | | 41,103 | | SS | — | | | — | | | — | | | 573 | | | — | | | 22,340 | | | — | | | — | | | 22,913 | | Total | 90,598 | | | 171,580 | | | 179,557 | | | 343,707 | | | 243,191 | | | 911,119 | | | — | | | — | | | 1,939,752 | | Total commercial business | Pass | 191,786 | | | 477,287 | | | 378,079 | | | 585,575 | | | 420,245 | | | 1,405,983 | | | 147,291 | | | 5,297 | | | 3,611,543 | | SM | 1,556 | | | 5,649 | | | 15,804 | | | 9,103 | | | 14,480 | | | 40,579 | | | 18,750 | | | 602 | | | 106,523 | | SS | — | | | 28 | | | 1,972 | | | 7,973 | | | 1,193 | | | 45,159 | | | 11,212 | | | 136 | | | 67,673 | | Total | 193,342 | | | 482,964 | | | 395,855 | | | 602,651 | | | 435,918 | | | 1,491,721 | | | 177,253 | | | 6,035 | | | 3,785,739 | | Residential real estate | Pass | — | | | 27,896 | | | 48,571 | | | 130,260 | | | 128,722 | | | 46,332 | | | — | | | — | | | 381,781 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | — | | | 832 | | | 1,169 | | | 145 | | | — | | | — | | | 2,146 | | Total | — | | | 27,896 | | | 48,571 | | | 131,092 | | | 129,891 | | | 46,477 | | | — | | | — | | | 383,927 | | Real estate construction and land development: | Residential | Pass | 12,485 | | | 38,407 | | | 16,037 | | | 3,155 | | | — | | | 1,236 | | | — | | | — | | | 71,320 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | 1,000 | | | — | | | 5,750 | | | — | | | — | | | — | | | 6,750 | | Total | 12,485 | | | 38,407 | | | 17,037 | | | 3,155 | | | 5,750 | | | 1,236 | | | — | | | — | | | 78,070 | | Commercial and multifamily | Pass | 14,853 | | | 60,830 | | | 147,934 | | | 90,876 | | | 8,935 | | | 2,623 | | | — | | | — | | | 326,051 | | SM | — | | | — | | | — | | | 890 | | | — | | | 6,733 | | | — | | | — | | | 7,623 | | SS | — | | | — | | | — | | | — | | | 15,625 | | | 5,969 | | | — | | | — | | | 21,594 | | Total | 14,853 | | | 60,830 | | | 147,934 | | | 91,766 | | | 24,560 | | | 15,325 | | | — | | | — | | | 355,268 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted(1) | | Loans Receivable | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | | | | (Dollars in thousands) | Total real estate construction and land development | Pass | 27,338 | | | 99,237 | | | 163,971 | | | 94,031 | | | 8,935 | | | 3,859 | | | — | | | — | | | 397,371 | | SM | — | | | — | | | — | | | 890 | | | — | | | 6,733 | | | — | | | — | | | 7,623 | | SS | — | | | — | | | 1,000 | | | — | | | 21,375 | | | 5,969 | | | — | | | — | | | 28,344 | | Total | 27,338 | | | 99,237 | | | 164,971 | | | 94,921 | | | 30,310 | | | 16,561 | | | — | | | — | | | 433,338 | | Consumer | Pass | 1,146 | | | 1,040 | | | 1,378 | | | 1,357 | | | 284 | | | 18,300 | | | 145,923 | | | 871 | | | 170,299 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | 383 | | | 25 | | | — | | | 818 | | | 223 | | | 103 | | | 1,552 | | Total | 1,146 | | | 1,040 | | | 1,761 | | | 1,382 | | | 284 | | | 19,118 | | | 146,146 | | | 974 | | | 171,851 | | Loans receivable | Pass | 220,270 | | | 605,460 | | | 591,999 | | | 811,223 | | | 558,186 | | | 1,474,474 | | | 293,214 | | | 6,168 | | | 4,560,994 | | SM | 1,556 | | | 5,649 | | | 15,804 | | | 9,993 | | | 14,480 | | | 47,312 | | | 18,750 | | | 602 | | | 114,146 | | SS | — | | | 28 | | | 3,355 | | | 8,830 | | | 23,737 | | | 52,091 | | | 11,435 | | | 239 | | | 99,715 | | Total | $ | 221,826 | | | $ | 611,137 | | | $ | 611,158 | | | $ | 830,046 | | | $ | 596,403 | | | $ | 1,573,877 | | | $ | 323,399 | | | $ | 7,009 | | | $ | 4,774,855 | |
(1) Represents the loans receivable balance at June 30, 2025 which was converted from a revolving loan to a non-revolving amortizing loan during the six months ended June 30, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted(1) | | Loans Receivable | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | (Dollars in thousands) | Commercial business: | Commercial and industrial | Pass | $ | 204,107 | | | $ | 127,603 | | | $ | 125,220 | | | $ | 51,126 | | | $ | 53,115 | | | $ | 78,039 | | | $ | 147,861 | | | $ | 491 | | | $ | 787,562 | | SM | 161 | | | 4,482 | | | 6,495 | | | 502 | | | 1,117 | | | 4,490 | | | 13,555 | | | 2,352 | | | 33,154 | | SS | — | | | 235 | | | 857 | | | 315 | | | 2,516 | | | 4,337 | | | 12,331 | | | 1,365 | | | 21,956 | | Total | 204,268 | | | 132,320 | | | 132,572 | | | 51,943 | | | 56,748 | | | 86,866 | | | 173,747 | | | 4,208 | | | 842,672 | | Owner-occupied CRE | Pass | 116,031 | | | 93,567 | | | 136,496 | | | 147,540 | | | 81,161 | | | 389,801 | | | 534 | | | — | | | 965,130 | | SM | — | | | 2,719 | | | 1,215 | | | 4,121 | | | 871 | | | 15,298 | | | — | | | — | | | 24,224 | | SS | — | | | — | | | — | | | 1,182 | | | 637 | | | 12,070 | | | — | | | — | | | 13,889 | | Total | 116,031 | | | 96,286 | | | 137,711 | | | 152,843 | | | 82,669 | | | 417,169 | | | 534 | | | — | | | 1,003,243 | | Non-owner-occupied CRE | Pass | 168,040 | | | 174,993 | | | 338,983 | | | 238,933 | | | 149,804 | | | 790,691 | | | — | | | 24 | | | 1,861,468 | | SM | — | | | — | | | — | | | 7,988 | | | — | | | 32,925 | | | — | | | — | | | 40,913 | | SS | — | | | — | | | 584 | | | — | | | — | | | 6,142 | | | — | | | — | | | 6,726 | | Total | 168,040 | | | 174,993 | | | 339,567 | | | 246,921 | | | 149,804 | | | 829,758 | | | — | | | 24 | | | 1,909,107 | | Total commercial business | Pass | 488,178 | | | 396,163 | | | 600,699 | | | 437,599 | | | 284,080 | | | 1,258,531 | | | 148,395 | | | 515 | | | 3,614,160 | | SM | 161 | | | 7,201 | | | 7,710 | | | 12,611 | | | 1,988 | | | 52,713 | | | 13,555 | | | 2,352 | | | 98,291 | | SS | — | | | 235 | | | 1,441 | | | 1,497 | | | 3,153 | | | 22,549 | | | 12,331 | | | 1,365 | | | 42,571 | | Total | 488,339 | | | 403,599 | | | 609,850 | | | 451,707 | | | 289,221 | | | 1,333,793 | | | 174,281 | | | 4,232 | | | 3,755,022 | | Residential real estate | Pass | 32,857 | | | 52,317 | | | 135,115 | | | 132,150 | | | 21,909 | | | 26,838 | | | — | | | — | | | 401,186 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | 832 | | | 786 | | | — | | | 150 | | | — | | | — | | | 1,768 | | Total | 32,857 | | | 52,317 | | | 135,947 | | | 132,936 | | | 21,909 | | | 26,988 | | | — | | | — | | | 402,954 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted(1) | | Loans Receivable | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | (Dollars in thousands) | Real estate construction and land development: | Residential | Pass | 34,078 | | | 34,436 | | | 6,415 | | | — | | | 1,000 | | | 955 | | | 256 | | | — | | | 77,140 | | | | | | | | | | | | | | | | | | | | SS | — | | | 1,000 | | | — | | | 5,750 | | | — | | | — | | | — | | | — | | | 6,750 | | Total | 34,078 | | | 35,436 | | | 6,415 | | | 5,750 | | | 1,000 | | | 955 | | | 256 | | | — | | | 83,890 | | Commercial and multifamily | Pass | 37,022 | | | 169,816 | | | 147,789 | | | 9,865 | | | — | | | 3,002 | | | — | | | — | | | 367,494 | | SM | — | | | — | | | 893 | | | — | | | 5,655 | | | 5,886 | | | — | | | — | | | 12,434 | | SS | — | | | — | | | — | | | 15,625 | | | — | | | — | | | — | | | — | | | 15,625 | | Total | 37,022 | | | 169,816 | | | 148,682 | | | 25,490 | | | 5,655 | | | 8,888 | | | — | | | — | | | 395,553 | | Total real estate construction and land development | Pass | 71,100 | | | 204,252 | | | 154,204 | | | 9,865 | | | 1,000 | | | 3,957 | | | 256 | | | — | | | 444,634 | | SM | — | | | — | | | 893 | | | — | | | 5,655 | | | 5,886 | | | — | | | — | | | 12,434 | | SS | — | | | 1,000 | | | — | | | 21,375 | | | — | | | — | | | — | | | — | | | 22,375 | | Total | 71,100 | | | 205,252 | | | 155,097 | | | 31,240 | | | 6,655 | | | 9,843 | | | 256 | | | — | | | 479,443 | | Consumer | Pass | 1,882 | | | 1,513 | | | 1,477 | | | 339 | | | 3,196 | | | 20,518 | | | 133,355 | | | 820 | | | 163,100 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | 25 | | | — | | | 115 | | | 609 | | | 60 | | | 795 | | | 1,604 | | Total | 1,882 | | | 1,513 | | | 1,502 | | | 339 | | | 3,311 | | | 21,127 | | | 133,415 | | | 1,615 | | | 164,704 | | Loans receivable | Pass | 594,017 | | | 654,245 | | | 891,495 | | | 579,953 | | | 310,185 | | | 1,309,844 | | | 282,006 | | | 1,335 | | | 4,623,080 | | SM | 161 | | | 7,201 | | | 8,603 | | | 12,611 | | | 7,643 | | | 58,599 | | | 13,555 | | | 2,352 | | | 110,725 | | SS | — | | | 1,235 | | | 2,298 | | | 23,658 | | | 3,268 | | | 23,308 | | | 12,391 | | | 2,160 | | | 68,318 | | Total | $ | 594,178 | | | $ | 662,681 | | | $ | 902,396 | | | $ | 616,222 | | | $ | 321,096 | | | $ | 1,391,751 | | | $ | 307,952 | | | $ | 5,847 | | | $ | 4,802,123 | |
(1) Represents the loans receivable balance at December 31, 2024 which was converted from a revolving loan to non-revolving amortizing loan during the year ended December 31, 2024.
The following tables present gross charge-offs by loan class and origination year, for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Current Period Gross Charge-offs by Origination Year | | Revolving Loans | | | | Total Gross Charge-Offs | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | | | | | (Dollars in thousands) | Commercial business | $ | — | | | $ | — | | | $ | 222 | | | $ | 404 | | | $ | — | | | $ | 50 | | | $ | — | | | | | $ | 676 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | — | | | — | | | 19 | | | 2 | | | — | | | 79 | | | 158 | | | | | 258 | | Total | $ | — | | | $ | — | | | $ | 241 | | | $ | 406 | | | $ | — | | | $ | 129 | | | $ | 158 | | | | | $ | 934 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Current Period Gross Charge-offs by Origination Year | | Revolving Loans | | | | Total Gross Charge-Offs | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | | | | | (Dollars in thousands) | Commercial business | $ | — | | | $ | 312 | | | $ | — | | | $ | — | | | $ | — | | | $ | 77 | | | $ | — | | | | | $ | 389 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | — | | | 6 | | | 31 | | | 9 | | | 20 | | | 86 | | | 209 | | | | | 361 | | Total | $ | — | | | $ | 318 | | | $ | 31 | | | $ | 9 | | | $ | 20 | | | $ | 163 | | | $ | 209 | | | | | $ | 750 | |
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