v3.25.4
LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Schedule of Major Categories of Loans
Major categories of loans are summarized as follows:
(dollars in thousands)December 31, 2025December 31, 2024
Commercial and industrial$399,760 $428,389 
Commercial real estate - owner occupied320,434 322,316 
Commercial real estate - non-owner occupied937,094 899,565 
Construction and land development280,254 374,657 
Multi-family544,941 431,524 
One-to-four family residential445,463 463,968 
Agricultural and farmland275,251 293,375 
Municipal, consumer, and other253,012 252,352 
Loans, before allowance for credit losses3,456,209 3,466,146 
Allowance for credit losses(41,690)(42,044)
Loans, net of allowance for credit losses$3,414,519 $3,424,102 
Schedule of Activity in Allowance for Credit Losses
The following tables detail activity in the allowance for credit losses:
(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
Owner
Occupied		Commercial
Real Estate
Non-owner
Occupied		Construction
and Land
Development		Multi-FamilyOne-to-four
Family
Residential		Agricultural
and
Farmland		Municipal,
Consumer,
and
Other		Total
Balance, December 31, 2022$3,279 $1,193 $6,721 $4,223 $1,472 $1,759 $796 $5,890 $25,333 
Adoption of ASC 326(822)587 501 1,969 85 797 1,567 2,299 6,983 
PCD allowance established in acquisition69 127 239 240 68 492 5 7 1,247 
Provision for credit losses2,823 352 187 (487)1,931 2,004 (1,399)1,254 6,665 
Charge-offs(428)(5)(202)— — (34)— (690)(1,359)
Recoveries59 18 268 53 281 186 6 308 1,179 
Balance, December 31, 20234,980 2,272 7,714 5,998 3,837 5,204 975 9,068 40,048 
Provision for credit losses1,677 825 3,407 (1,699)682 (1,438)246 54 3,754 
Charge-offs(1,448)(6)— — (188)(298)(62)(1,282)(3,284)
Recoveries148 16 586 3 — 440 11 322 1,526 
Balance, December 31, 20245,357 3,107 11,707 4,302 4,331 3,908 1,170 8,162 42,044 
Provision for credit losses3,468 1,364 (3,002)(472)1,233 (164)(461)138 2,104 
Charge-offs(2,449)(125)— (8)(80)(548)(24)(627)(3,861)
Recoveries599 37 — 77 — 339 73 278 1,403 
Balance, December 31, 2025$6,975 $4,383 $8,705 $3,899 $5,484 $3,535 $758 $7,951 $41,690 
The following tables present loans and the related allowance for credit losses by category:
December 31, 2025
(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
Owner
Occupied		Commercial
Real Estate
Non-owner
Occupied		Construction
and Land
Development		Multi-FamilyOne-to-four
Family
Residential		Agricultural
and
Farmland		Municipal,
Consumer,
and
Other		Total
Loan balances:
Collectively evaluated for impairment$398,573 $318,669 $932,972 $280,254 $544,941 $442,029 $274,086 $239,364 $3,430,888 
Individually evaluated for impairment1,187 1,765 4,122 — — 3,434 1,165 13,648 25,321 
Total$399,760 $320,434 $937,094 $280,254 $544,941 $445,463 $275,251 $253,012 $3,456,209 
Allowance for credit losses:
Collectively evaluated for impairment$6,739 $3,764 $8,705 $3,899 $5,484 $3,525 $758 $6,691 $39,565 
Individually evaluated for impairment236 619 — — — 10 — 1,260 2,125 
Total$6,975 $4,383 $8,705 $3,899 $5,484 $3,535 $758 $7,951 $41,690 
December 31, 2024
(dollars in thousands)Commercial
and
Industrial		Commercial
Real Estate
Owner
Occupied		Commercial
Real Estate
Non-owner
Occupied		Construction
and Land
Development		Multi-FamilyOne-to-four
Family
Residential		Agricultural
and
Farmland		Municipal,
Consumer,
and
Other		Total
Loan balances:
Collectively evaluated for impairment$427,737 $322,159 $884,832 $374,408 $431,432 $459,790 $293,240 $241,765 $3,435,363 
Individually evaluated for impairment652 157 14,733 249 92 4,178 135 10,587 30,783 
Total$428,389 $322,316 $899,565 $374,657 $431,524 $463,968 $293,375 $252,352 $3,466,146 
Allowance for credit losses:
Collectively evaluated for impairment$5,344 $3,107 $11,201 $4,269 $4,239 $3,747 $1,170 $5,901 $38,978 
Individually evaluated for impairment13 — 506 33 92 161 — 2,261 3,066 
Total$5,357 $3,107 $11,707 $4,302 $4,331 $3,908 $1,170 $8,162 $42,044 
The following tables present collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans:
December 31, 2025
Amortized CostAllowance
for Credit
Losses
Primary Collateral Type
(dollars in thousands)Real EstateVehiclesOtherTotal
Commercial and industrial$— $362 $825 $1,187 $236 
Commercial real estate - owner occupied1,765 — — 1,765 619 
Commercial real estate - non-owner occupied4,122 — — 4,122 — 
Construction and land development— — — — — 
Multi-family— — — — — 
One-to-four family residential3,434 — — 3,434 10 
Agricultural and farmland736 — 429 1,165 — 
Municipal, consumer, and other9,768 — 3,880 13,648 1,260 
Total$19,825 $362 $5,134 $25,321 $2,125 
December 31, 2024
Amortized CostAllowance
for Credit
Losses
Primary Collateral Type
(dollars in thousands)Real EstateVehiclesOtherTotal
Commercial and industrial$— $627 $25 $652 $13 
Commercial real estate - owner occupied157 — — 157 — 
Commercial real estate - non-owner occupied14,733 — — 14,733 506 
Construction and land development249 — — 249 33 
Multi-family92 — — 92 92 
One-to-four family residential4,178 — — 4,178 161 
Agricultural and farmland— — 135 135 — 
Municipal, consumer, and other10,569 5 13 10,587 2,261 
Total$29,978 $632 $173 $30,783 $3,066 
Schedule of Gross Charge-Offs, Further Sorted by Origination Year
Gross charge-offs, further sorted by origination year, were as follows during the year ended December 31, 2025 and 2024.
Gross Charge-Offs for the Year Ended December 31, 2025
Term Loans by Origination YearRevolving
Loans		Revolving
Loans
Converted
to Term		Total
(dollars in thousands)20252024202320222021Prior
Commercial and industrial$12 $1 $905 $195 $46 $— $1,290 $— $2,449 
Commercial real estate - owner occupied— — 124 — 1 — — — 125 
Commercial real estate - non-owner occupied— — — — — — — — — 
Construction and land development— 2 — 2 — 4 — — 8 
Multi-family— 80 — — — — — — 80 
One-to-four family residential— 20 — 45 — 480 3 — 548 
Agricultural and farmland— 9 — — — — 15 — 24 
Municipal, consumer, and other371 75 2 — — — 179 — 627 
Total$383 $187 $1,031 $242 $47 $484 $1,487 $— $3,861 
Gross Charge-Offs for the Year Ended December 31, 2024
Term Loans by Origination YearRevolving
Loans		Revolving
Loans
Converted
to Term		Total
(dollars in thousands)20242023202220212020Prior
Commercial and industrial$— $1,264 $75 $— $— $11 $98 $— $1,448 
Commercial real estate - owner occupied6 — — — — — — — 6 
Commercial real estate - non-owner occupied— — — — — — — — — 
Construction and land development— — — — — — — — — 
Multi-family— — — 188 — — — — 188 
One-to-four family residential— 1 8 15 4 182 88 — 298 
Agricultural and farmland— — 44 — — — 18 — 62 
Municipal, consumer, and other415 63 11 — — 529 264 — 1,282 
Total$421 $1,328 $138 $203 $4 $722 $468 $— $3,284 
Schedule of Loans by Category Based on Current Payment and Accrual Status
The following tables present loans by category based on current payment and accrual status:
December 31, 2025
Accruing Interest
(dollars in thousands)Current30 - 89 Days
Past Due		90+ Days
Past Due		NonaccrualTotal
Loans
Commercial and industrial$397,254 $1,319 $— $1,187 $399,760 
Commercial real estate - owner occupied318,094 575 — 1,765 320,434 
Commercial real estate - non-owner occupied934,230 2,864 — — 937,094 
Construction and land development279,980 274 — — 280,254 
Multi-family544,941 — — — 544,941 
One-to-four family residential440,247 1,782 — 3,434 445,463 
Agricultural and farmland274,086 — — 1,165 275,251 
Municipal, consumer, and other252,814 193 — 5 253,012 
Total$3,441,646 $7,007 $— $7,556 $3,456,209 
December 31, 2024
Accruing Interest
(dollars in thousands)Current30 - 89 Days
Past Due		90+ Days
Past Due		NonaccrualTotal
Loans
Commercial and industrial$425,859 $1,878 $— $652 $428,389 
Commercial real estate - owner occupied321,805 354 — 157 322,316 
Commercial real estate - non-owner occupied897,445 299 — 1,821 899,565 
Construction and land development373,933 475 — 249 374,657 
Multi-family431,432 — — 92 431,524 
One-to-four family residential459,069 721 — 4,178 463,968 
Agricultural and farmland293,231 9 — 135 293,375 
Municipal, consumer, and other251,798 182 4 368 252,352 
Total$3,454,572 $3,918 $4 $7,652 $3,466,146 
Schedule of Non-Accrual Loans
The following tables present nonaccrual loans with and without a related allowance for credit losses:
December 31, 2025
(dollars in thousands)Nonaccrual
With
Allowance for
Credit Losses		Nonaccrual
With No
Allowance for
Credit Losses		Total
Nonaccrual
Commercial and industrial$565 $622 $1,187 
Commercial real estate - owner occupied886 879 1,765 
Commercial real estate - non-owner occupied— — — 
Construction and land development— — — 
Multi-family— — — 
One-to-four family residential133 3,301 3,434 
Agricultural and farmland— 1,165 1,165 
Municipal, consumer, and other— 5 5 
Total$1,584 $5,972 $7,556 
December 31, 2024
(dollars in thousands)Nonaccrual
With
Allowance for
Credit Losses		Nonaccrual
With No
Allowance for
Credit Losses		Total
Nonaccrual
Commercial and industrial$185 $467 $652 
Commercial real estate - owner occupied— 157 157 
Commercial real estate - non-owner occupied— 1,821 1,821 
Construction and land development216 33 249 
Multi-family92 — 92 
One-to-four family residential654 3,524 4,178 
Agricultural and farmland— 135 135 
Municipal, consumer, and other— 368 368 
Total$1,147 $6,505 $7,652 
Schedule of Loans by Category Risk Ratings
The following tables present loans by category based on their assigned risk ratings determined by management:
December 31, 2025
(dollars in thousands)PassPass-WatchSpecial MentionSubstandardTotal
Commercial and industrial$369,941 $18,960 $2,591 $8,268 $399,760 
Commercial real estate - owner occupied291,831 17,681 3,774 7,148 320,434 
Commercial real estate - non-owner occupied889,380 33,391 308 14,015 937,094 
Construction and land development269,932 540 975 8,807 280,254 
Multi-family503,133 41,808 — — 544,941 
One-to-four family residential431,553 5,741 1,646 6,523 445,463 
Agricultural and farmland246,820 13,625 2,494 12,312 275,251 
Municipal, consumer, and other239,322 20 — 13,670 253,012 
Total$3,241,912 $131,766 $11,788 $70,743 $3,456,209 
December 31, 2024
(dollars in thousands)PassPass-WatchSpecial MentionSubstandardTotal
Commercial and industrial$404,779 $16,429 $1,957 $5,224 $428,389 
Commercial real estate - owner occupied297,150 14,969 2,713 7,484 322,316 
Commercial real estate - non-owner occupied843,487 21,594 — 34,484 899,565 
Construction and land development351,657 1,376 20,847 777 374,657 
Multi-family411,842 3,855 15,735 92 431,524 
One-to-four family residential448,869 6,641 710 7,748 463,968 
Agricultural and farmland269,926 18,154 521 4,774 293,375 
Municipal, consumer, and other236,686 929 4,107 10,630 252,352 
Total$3,264,396 $83,947 $46,590 $71,213 $3,466,146 
Schedule of Risk Ratings of Loans, Further Sorted by Origination Year
Risk ratings of loans, further sorted by origination year, are as follows as of December 31, 2025:
(dollars in thousands)Term Loans by Origination YearRevolving
Loans		Revolving
Loans
Converted
to Term		Total
20252024202320222021Prior
Commercial and industrial
Pass$45,966 $46,995 $39,709 $30,655 $7,983 $15,680 $171,444 $11,509 $369,941 
Pass-Watch457 145 1,328 254 821 12 15,847 96 18,960 
Special Mention134 — 36 331 — — 255 1,835 2,591 
Substandard198 514 743 1,122 110 705 3,821 1,055 8,268 
Total$46,755 $47,654 $41,816 $32,362 $8,914 $16,397 $191,367 $14,495 $399,760 
Commercial real estate - owner occupied
Pass$53,050 $59,585 $20,402 $47,115 $43,983 $50,548 $16,267 $881 $291,831 
Pass-Watch4,739 1,352 199 1,729 1,897 681 7,084 — 17,681 
Special Mention2,274 — — — — — 1,500 — 3,774 
Substandard2,267 — 158 1,842 1,146 713 457 565 7,148 
Total$62,330 $60,937 $20,759 $50,686 $47,026 $51,942 $25,308 $1,446 $320,434 
Commercial real estate - non-owner occupied
Pass$224,400 $73,631 $93,259 $193,916 $189,265 $91,394 $21,926 $1,589 $889,380 
Pass-Watch7,645 5,704 391 1,693 2,898 14,314 746 — 33,391 
Special Mention— 42 — — 266 — — — 308 
Substandard11,307 — 194 — — 2,514 — — 14,015 
Total$243,352 $79,377 $93,844 $195,609 $192,429 $108,222 $22,672 $1,589 $937,094 
Construction and land development
Pass$162,752 $56,846 $24,151 $1,460 $12,853 $676 $10,970 $224 $269,932 
Pass-Watch18 245 — — — 16 — 261 540 
Special Mention— — 274 — — — — 701 975 
Substandard— — — 8,758 — 49 — — 8,807 
Total$162,770 $57,091 $24,425 $10,218 $12,853 $741 $10,970 $1,186 $280,254 
Multi-family
Pass$175,366 $73,457 $45,977 $70,197 $81,169 $53,452 $2,483 $1,032 $503,133 
Pass-Watch— — 11,990 29,246 572 — — — 41,808 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total$175,366 $73,457 $57,967 $99,443 $81,741 $53,452 $2,483 $1,032 $544,941 
One-to-four family residential
Pass$75,509 $25,965 $65,431 $69,197 $56,878 $71,763 $61,555 $5,255 $431,553 
Pass-Watch151 146 632 761 1,089 2,498 233 231 5,741 
Special Mention31 — 598 902 — — — 115 1,646 
Substandard435 187 484 353 279 4,486 22 277 6,523 
Total$76,126 $26,298 $67,145 $71,213 $58,246 $78,747 $61,810 $5,878 $445,463 
Agricultural and farmland
Pass$47,469 $28,223 $27,972 $15,041 $25,152 $20,220 $82,342 $401 $246,820 
Pass-Watch2,367 513 1,047 2,066 868 805 5,878 81 13,625 
Special Mention1,253 — 8 — 5 — 1,148 80 2,494 
Substandard600 331 2,325 1,819 903 3,094 1,687 1,553 12,312 
Total$51,689 $29,067 $31,352 $18,926 $26,928 $24,119 $91,055 $2,115 $275,251 
(dollars in thousands)Term Loans by Origination YearRevolving
Loans		Revolving
Loans
Converted
to Term		Total
20252024202320222021Prior
Municipal, consumer, and other
Pass$58,427 $25,595 $17,346 $17,779 $21,868 $43,957 $54,349 $1 $239,322 
Pass-Watch17 — — — — 1 2 — 20 
Special Mention— — — — — — — — — 
Substandard7 5 3 1 9 13,643 2 — 13,670 
Total$58,451 $25,600 $17,349 $17,780 $21,877 $57,601 $54,353 $1 $253,012 
Total by risk rating
Pass$842,939 $390,297 $334,247 $445,360 $439,151 $347,690 $421,336 $20,892 $3,241,912 
Pass-Watch15,394 8,105 15,587 35,749 8,145 18,327 29,790 669 131,766 
Special Mention3,692 42 916 1,233 271 — 2,903 2,731 11,788 
Substandard14,814 1,037 3,907 13,895 2,447 25,204 5,989 3,450 70,743 
Total$876,839 $399,481 $354,657 $496,237 $450,014 $391,221 $460,018 $27,742 $3,456,209 
Risk ratings of loans, further sorted by origination year, are as follows as of December 31, 2024:
(dollars in thousands)Term Loans by Origination YearRevolving
Loans		Revolving
Loans
Converted
to Term		Total
20242023202220212020Prior
Commercial and industrial
Pass$46,635 $43,007 $44,701 $11,617 $17,913 $41,397 $197,516 $1,993 $404,779 
Pass-Watch475 1,310 186 1,121 — 1,775 10,613 949 16,429 
Special Mention— 281 272 173 — — 1,231 — 1,957 
Substandard— 1,913 1,016 721 — — 939 635 5,224 
Total$47,110 $46,511 $46,175 $13,632 $17,913 $43,172 $210,299 $3,577 $428,389 
Commercial real estate - owner occupied
Pass$63,546 $23,607 $56,509 $48,867 $39,679 $44,108 $19,766 $1,068 $297,150 
Pass-Watch6,478 395 3,698 2,111 542 1,374 371 — 14,969 
Special Mention1,877 — — 150 — — 686 — 2,713 
Substandard819 700 506 3,707 1,241 511 — — 7,484 
Total$72,720 $24,702 $60,713 $54,835 $41,462 $45,993 $20,823 $1,068 $322,316 
Commercial real estate - non-owner occupied
Pass$92,125 $108,688 $245,168 $222,479 $84,054 $65,935 $23,425 $1,613 $843,487 
Pass-Watch3,173 421 6,656 4,031 2,442 4,871 — — 21,594 
Special Mention— — — — — — — — — 
Substandard23,245 9,191 — — — 2,048 — — 34,484 
Total$118,543 $118,300 $251,824 $226,510 $86,496 $72,854 $23,425 $1,613 $899,565 
Construction and land development
Pass$181,274 $73,773 $65,045 $21,542 $590 $693 $8,228 $512 $351,657 
Pass-Watch— — — — — 18 697 661 1,376 
Special Mention— — 8,750 12,097 — — — — 20,847 
Substandard475 — 216 — — 86 — — 777 
Total$181,749 $73,773 $74,011 $33,639 $590 $797 $8,925 $1,173 $374,657 
Multi-family
Pass$46,969 $80,450 $88,823 $101,284 $50,652 $40,839 $2,375 $450 $411,842 
Pass-Watch2,791 — 567 — — 492 — 5 3,855 
Special Mention6,936 — — — 8,799 — — — 15,735 
Substandard92 — — — — — — — 92 
Total$56,788 $80,450 $89,390 $101,284 $59,451 $41,331 $2,375 $455 $431,524 
One-to-four family residential
Pass$44,914 $87,184 $79,834 $71,466 $57,258 $43,455 $59,446 $5,312 $448,869 
Pass-Watch1,126 1,271 936 242 405 2,252 134 275 6,641 
Special Mention— — — 592 118 — — — 710 
Substandard281 522 861 473 382 4,824 16 389 7,748 
Total$46,321 $88,977 $81,631 $72,773 $58,163 $50,531 $59,596 $5,976 $463,968 
Agricultural and farmland
Pass$42,272 $35,593 $32,146 $28,714 $27,865 $7,656 $94,977 $703 $269,926 
Pass-Watch100 2,671 1,424 1,403 508 861 10,633 554 18,154 
Special Mention134 87 — — — — 300 — 521 
Substandard332 51 494 9 3,183 — 319 386 4,774 
Total$42,838 $38,402 $34,064 $30,126 $31,556 $8,517 $106,229 $1,643 $293,375 
(dollars in thousands)Term Loans by Origination YearRevolving
Loans		Revolving
Loans
Converted
to Term		Total
20242023202220212020Prior
Municipal, consumer, and other
Pass$77,779 $37,678 $14,475 $23,204 $12,479 $37,460 $33,611 $— $236,686 
Pass-Watch103 50 6 12 — 757 1 — 929 
Special Mention— — — — — 4,107 — — 4,107 
Substandard21 5 33 — — 10,570 1 — 10,630 
Total$77,903 $37,733 $14,514 $23,216 $12,479 $52,894 $33,613 $— $252,352 
Total by risk rating
Pass$595,514 $489,980 $626,701 $529,173 $290,490 $281,543 $439,344 $11,651 $3,264,396 
Pass-Watch14,246 6,118 13,473 8,920 3,897 12,400 22,449 2,444 83,947 
Special Mention8,947 368 9,022 13,012 8,917 4,107 2,217 — 46,590 
Substandard25,265 12,382 3,126 4,910 4,806 18,039 1,275 1,410 71,213 
Total$643,972 $508,848 $652,322 $556,015 $308,110 $316,089 $465,285 $15,505 $3,466,146