v3.26.1
Loans (Tables)
 3 Months Ended
Mar. 31, 2026
Non-covered Loans [Line Items]  
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
The following tables present a summary of gross charge-offs by loan class and year of origination as of the periods indicated:
Three months ended March 31, 2026
Term Loans by Origination Year
($ in thousands)20262025202420232022PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
C&I$— $— $608 $1,698 $— $47 $— $1,010 $3,363 
Real estate:
Construction and land development— — — — — 1,039 — — 1,039 
Residential— 355 — — — — — — 355 
Consumer— — — — — 5 — — 5 
Total charge-offs by origination year$— $355 $608 $1,698 $— $1,091 $— $1,010 $4,762 
Total gross charge-offs by performing status455 
Total gross charge-offs$5,217 

Three months ended December 31, 2025
Term Loans by Origination Year
($ in thousands)20252024202320222021PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
C&I$30 $2,159 $4,661 $1,280 $35 $1,167 $1,651 $11,870 $22,853 
Real estate:
Commercial - investor owned— — — — 3,972 — — — 3,972 
Commercial - owner occupied— 594 285 — 284 898 — — 2,061 
Construction and land development— — — 146 — 3,135 — — 3,281 
Residential— — — — — 646 266 — 912 
Consumer— — — — 177 68 5 — 250 
Total charge-offs by origination year$30 $2,753 $4,946 $1,426 $4,468 $5,914 $1,922 $11,870 $33,329 
Total gross charge-offs by performing status1,187 
Total gross charge-offs$34,516 
The recorded investment by risk category of the loans by class and year of origination is presented in the following tables as of the dates indicated:
March 31, 2026
Term Loans by Origination Year
($ in thousands)20262025202420232022PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
C&I
Pass (1-6)$368,169 $1,638,432 $640,324 $488,237 $266,024 $154,393 $89,429 $1,136,018 $4,781,026 
Special Mention (7)31,611 61,481 12,028 7,216 3,417 4,508 5,875 73,327 199,463 
Classified (8-9)6,783 45,363 12,185 4,228 10,728 2,630 22,549 47,008 151,474 
Total C&I$406,563 $1,745,276 $664,537 $499,681 $280,169 $161,531 $117,853 $1,256,353 $5,131,963 
CRE-investor owned
Pass (1-6)$170,747 $793,049 $401,821 $341,585 $356,951 $601,441 $17,587 $49,950 $2,733,131 
Special Mention (7)10,642 14,099 50,313 5,165 — 18,523 32,531 177 131,450 
Classified (8-9)649 18,222 929 360 6,922 50,947 — — 78,029 
Total CRE-investor owned$182,038 $825,370 $453,063 $347,110 $363,873 $670,911 $50,118 $50,127 $2,942,610 
CRE-owner occupied
Pass (1-6)$149,728 $442,132 $293,677 $289,322 $350,642 $754,741 $1,681 $34,011 $2,315,934 
Special Mention (7)4,309 7,545 3,904 17,123 5,845 18,351 — — 57,077 
Classified (8-9)617 18,326 7,979 11,780 19,970 37,521 228 — 96,421 
Total CRE-owner occupied$154,654 $468,003 $305,560 $318,225 $376,457 $810,613 $1,909 $34,011 $2,469,432 
Construction real estate
Pass (1-6)$87,932 $296,858 $183,343 $26,509 $6,834 $3,654 $44,629 $4,493 $654,252 
Special Mention (7)— 6,997 — 1,136 39 — — — 8,172 
Classified (8-9)— 2,980 1,412 482 405 — — — 5,279 
Total Construction real estate$87,932 $306,835 $184,755 $28,127 $7,278 $3,654 $44,629 $4,493 $667,703 
Residential real estate
Pass (1-6)$12,498 $45,879 $21,789 $28,307 $27,145 $104,629 $1,628 $84,976 $326,851 
Special Mention (7)— 1,099 1,213 22 82 773 338 640 4,167 
Classified (8-9)— 3,479 — 2,694 — 8,268 — 140 14,581 
Total residential real estate$12,498 $50,457 $23,002 $31,023 $27,227 $113,670 $1,966 $85,756 $345,599 
Consumer
Pass (1-6)$175 $1,329 $689 $742 $187 $40,930 $111 $8,869 $53,032 
Special Mention (7)— — — — — — — — — 
Classified (8-9)— 13 — 1 — 5 — 3 22 
Total Consumer$175 $1,342 $689 $743 $187 $40,935 $111 $8,872 $53,054 
Total loans classified by risk category$843,860 $3,397,283 $1,631,606 $1,224,909 $1,055,191 $1,801,314 $216,586 $1,439,612 $11,610,361 
Total loans classified by performing status82,419 
Total loans$11,692,780 
December 31, 2025
Term Loans by Origination Year
($ in thousands)20252024202320222021PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
C&I
Pass (1-6)$1,867,472 $793,869 $521,429 $298,735 $84,618 $96,374 $94,043 $1,153,331 $4,909,871 
Special Mention (7)17,000 22,548 26,475 3,835 4,871 2,113 22,071 48,303 147,216 
Classified (8-9)47,637 26,370 4,861 10,964 54 845 24,043 36,659 151,433 
Total C&I$1,932,109 $842,787 $552,765 $313,534 $89,543 $99,332 $140,157 $1,238,293 $5,208,520 
CRE-investor owned
Pass (1-6)$857,292 $405,208 $380,247 $377,479 $287,917 $376,426 $55,616 $45,784 $2,785,969 
Special Mention (7)40,134 53,306 1,934 — 9,029 4,571 1,891 — 110,865 
Classified (8-9)17,570 — — 6,965 26,697 20,469 — — 71,701 
Total CRE-investor owned$914,996 $458,514 $382,181 $384,444 $323,643 $401,466 $57,507 $45,784 $2,968,535 
CRE-owner occupied
Pass (1-6)$471,422 $304,147 $296,817 $371,117 $364,894 $445,806 $3,391 $38,545 $2,296,139 
Special Mention (7)7,814 5,801 14,730 12,440 4,432 15,019 — — 60,236 
Classified (8-9)18,006 5,562 11,444 15,503 13,671 22,281 — — 86,467 
Total CRE-owner occupied$497,242 $315,510 $322,991 $399,060 $382,997 $483,106 $3,391 $38,545 $2,442,842 
Construction real estate
Pass (1-6)$372,006 $223,449 $37,889 $9,492 $3,398 $1,316 $24,961 $3,148 $675,659 
Special Mention (7)2,000 — 23 41 — — 8,698 — 10,762 
Classified (8-9)— — 483 676 — 4 — — 1,163 
Total Construction real estate$374,006 $223,449 $38,395 $10,209 $3,398 $1,320 $33,659 $3,148 $687,584 
Residential real estate
Pass (1-6)$61,245 $24,136 $27,378 $28,920 $33,857 $76,749 $7,342 $82,753 $342,380 
Special Mention (7)3,157 1,219 23 296 84 793 — 976 6,548 
Classified (8-9)1,831 — 2,733 — 6,466 7,055 — 80 18,165 
Total residential real estate$66,233 $25,355 $30,134 $29,216 $40,407 $84,597 $7,342 $83,809 $367,093 
Consumer
Pass (1-6)$1,466 $798 $790 $199 $26,824 $17,513 $— $8,511 $56,101 
Special Mention (7)— — — — — — — — — 
Classified (8-9)— — 2 — — 10 — — 12 
Total Consumer$1,466 $798 $792 $199 $26,824 $17,523 $— $8,511 $56,113 
Total loans classified by risk category$3,786,052 $1,866,413 $1,327,258 $1,136,662 $866,812 $1,087,344 $242,056 $1,418,090 $11,730,687 
Total loans classified by performing status69,651 
Total loans$11,800,338 
In the tables above, loan originations in 2026 and 2025 with a classification of “special mention” or “classified” primarily represent renewals or modifications initially underwritten and originated in prior years.
The following tables summarize the risk category of the loans by loan type as of the dates indicated:

March 31, 2026
($ in thousands)Pass (1-6)Special Mention (7)Classified (8-9)Total
C&I$4,781,026 $199,463 $151,474 $5,131,963 
Real estate:
Commercial - investor owned2,733,131 131,450 78,029 2,942,610 
Commercial - owner occupied2,315,934 57,077 96,421 2,469,432 
Construction and land development654,252 8,172 5,279 667,703 
Residential326,851 4,167 14,581 345,599 
Consumer53,032 — 22 53,054 
Total loans classified by risk category$10,864,226 $400,329 $345,806 $11,610,361 
Total loans classified by performing status82,419 
$11,692,780 

December 31, 2025
($ in thousands)Pass (1-6)Special Mention (7)Classified (8-9)Total
C&I$4,909,871 $147,216 $151,433 $5,208,520 
Real estate:
Commercial - investor owned2,785,969 110,865 71,701 2,968,535 
Commercial - owner occupied2,296,139 60,236 86,467 2,442,842 
Construction and land development675,659 10,762 1,163 687,584 
Residential342,380 6,548 18,165 367,093 
Consumer56,101 — 12 56,113 
Total loans classified by risk category$11,066,119 $335,627 $328,941 $11,730,687 
Total loans classified by performing status69,651 
$11,800,338 
The following tables present the recorded balance of loans based on payment activity as of the dates indicated:

March 31, 2026
($ in thousands)PerformingNon PerformingTotal
C&I$36,394 $176 $36,570 
Real estate:
Commercial - investor owned16,110 — 16,110 
Commercial - owner occupied25,814 — 25,814 
Residential582 — 582 
Consumer3,317 26 3,343 
Total$82,217 $202 $82,419 
December 31, 2025
($ in thousands)PerformingNon PerformingTotal
C&I$22,778 $318 $23,096 
Real estate:
Commercial - investor owned16,323 — 16,323 
Commercial - owner occupied26,121 — 26,121 
Residential589 — 589 
Consumer3,513 9 3,522 
Total$69,324 $327 $69,651 
Loan Modification
The following tables show the recorded balance at the end of the dates listed for loans modified to borrowers experiencing financial difficulty, disaggregated by loan class and type of concession granted:
Three months ended
Term ExtensionPayment DelayTotal
($ in thousands)March 31, 2026Percent of Total Loan ClassMarch 31, 2026Percent of Total Loan ClassMarch 31, 2026Percent of Total Loan Class
C&I$6,677 0.13 %$5,851 0.11 %$12,528 0.24 %
Real estate:
Commercial - owner occupied4,766 0.19 %— — %4,766 0.19 %
Construction and land development2,980 0.45 %— — %2,980 0.45 %
Total$14,423 $5,851 $20,274 

Three months ended
Term Extension
($ in thousands)March 31, 2025Percent of Total Loan Class
C&I$3,154 0.07 %
Real estate:
Commercial - owner occupied4,905 0.21 %
Residential25 0.01 %
Total$8,084 
The following tables summarize the financial impacts of loan modifications made to borrowers experiencing financial difficulty by class and modification type outstanding at the date indicated:

Three months ended March 31, 2026
($ in thousands)Financial Effect
Payment Delay
C&I
Payments were delayed for a weighted average amount of $500.
Term Extension
C&I
Maturity dates were extended for a weighted average of 6 months.
Real estate:
Commercial - owner occupied
Maturity dates were extended for a weighted average of 3 months.
Construction and land development
Maturity dates were extended for a weighted average of 5 months.

Three months ended March 31, 2025
Financial Effect
Term Extension
C&I
Maturity dates were extended for a weighted average of 6 months.
Real estate:
Commercial - owner occupied
Maturity dates were extended for a weighted average of 18 months.
Residential
Maturity dates were extended for a weighted average of 3 months.
The following tables present the aging of the recorded balance of modified loans in the last 12 months by class at the date indicated:

March 31, 2026
($ in thousands)Current30-89 Days
 Past Due		90 or More
Days
Past Due		Total
C&I$47,555 $— $— $47,555 
Real estate:
Commercial - investor owned240 — — 240 
Commercial - owner occupied15,224 — — 15,224 
Construction and land development2,980 — — 2,980 
Residential— — 460 460 
Total$65,999 $— $460 $66,459 

March 31, 2025
($ in thousands)Current30-89 Days
 Past Due		90 or More
Days
Past Due		Total
C&I$32,126 $— $1,609 $33,735 
Real estate:
Commercial - investor owned252 — — 252 
Commercial - owner occupied16,817 — 906 17,723 
Residential24 — — 24 
Total$49,219 $— $2,515 $51,734 
Summary of Amortized Cost Basis that Had Payment Default and Modified in 12 Months Before Default
Noncovered Loans  
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
The following table presents a summary of loans by category:
($ in thousands)March 31, 2026December 31, 2025
C&I$5,172,817 $5,236,473 
Real estate loans: 
Commercial - investor owned2,960,830 2,986,906 
Commercial - owner occupied2,487,565 2,460,761 
Construction and land development669,921 689,357 
Residential345,568 367,127 
Total real estate loans6,463,884 6,504,151 
Consumer57,050 60,469 
Loans, before unearned loan fees11,693,751 11,801,093 
Unearned loan fees, net(971)(755)
Loans, including unearned loan fees$11,692,780 $11,800,338 
Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method
The following table presents a summary of the activity, by loan category, in the ACL on loans for the three months ended March 31, 2026 and 2025 as follows:
($ in thousands)C&ICRE - investor ownedCRE -
owner occupied		Construction and land developmentResidential real estateConsumerTotal
ACL on loans:
Balance at December 31, 2025
$68,345 $31,565 $19,218 $11,016 $8,023 $1,855 $140,022 
Provision (benefit) for credit losses8,273 (412)(1,179)614 (595)(252)6,449 
Charge-offs(3,667)— — (1,039)(355)(156)(5,217)
Recoveries159 34 30 11 350 226 810 
Balance at March 31, 2026
$73,110 $31,187 $18,069 $10,602 $7,423 $1,673 $142,064 


($ in thousands)C&ICRE - investor ownedCRE -
owner occupied		Construction and land developmentResidential real estateConsumerTotal
ACL on loans:       
Balance at December 31, 2024
$63,231 $34,217 $20,400 $9,837 $6,534 $3,731 $137,950 
Provision (benefit) for credit losses5,748 (3,751)(1,966)2,264 1,056 584 3,935 
Charge-offs(591)— (362)— (225)(107)(1,285)
Recoveries1,499 85 288 13 379 80 2,344 
Balance at March 31, 2025
$69,887 $30,551 $18,360 $12,114 $7,744 $4,288 $142,944 
Schedule of Recorded Investment in Nonperforming Loans by Category
The following tables present the recorded balance in nonperforming loans by category, excluding government guaranteed balances as of the dates indicated:
March 31, 2026
($ in thousands)NonaccrualLoans over 90 days past due and still accruing interestTotal nonperforming loansNonaccrual loans with no allowance
C&I$13,900 $4,357 $18,257 $667 
Real estate: 
Commercial - investor owned34,194 — 34,194 24,958 
Commercial - owner occupied7,983 — 7,983 4,970 
Construction and land development1,505 — 1,505 980 
Residential2,976 — 2,976 2,735 
Consumer— 26 26 — 
Total$60,558 $4,383 $64,941 $34,310 

December 31, 2025
($ in thousands)NonaccrualLoans over 90 days past due and still accruing interestTotal nonperforming loansNonaccrual loans with no allowance
C&I$26,359 $1,620 $27,979 $14,800 
Real estate:
Commercial - investor owned36,988 — 36,988 23,685 
Commercial - owner occupied9,338 — 9,338 7,927 
Construction and land development155 — 155 — 
Residential8,340 — 8,340 8,099 
Consumer— 9 9 — 
Total$81,180 $1,629 $82,809 $54,511 
Schedule of Collateral Dependent Loans
The following tables present a summary of collateral-dependent nonperforming loans by class of loan as of the dates indicated:
March 31, 2026
Type of Collateral
($ in thousands)CREResidential Real EstateBlanket LienOther
C&I$— $13 $5,605 $3,441 
Real estate:
Commercial - investor owned32,691 — — — 
Commercial - owner occupied5,065 — — — 
Construction and land development— 980 — — 
Residential— 2,275 — 460 
Total$37,756 $3,268 $5,605 $3,901 

December 31, 2025
Type of Collateral
($ in thousands)CREResidential Real EstateBlanket LienOther
C&I$— $19 $3,391 $15,644 
Real estate:
Commercial - investor owned35,701 — — — 
Commercial - owner occupied4,610 456 — — 
Residential— 8,099 — — 
Total$40,311 $8,574 $3,391 $15,644 
Summary of Aging of Recorded Investment in Past Due Portfolio Loans by Portfolio Class and Category
The following tables present a summary of aging of the recorded balance in past due loans by class and category as of the dates indicated:

March 31, 2026
($ in thousands)30-89 Days
 Past Due		90 or More
Days
Past Due		Total
Past Due		CurrentTotal
C&I$8,405 $19,560 $27,965 $5,144,852 $5,172,817 
Real estate:
Commercial - investor owned37,449 34,985 72,434 2,888,396 2,960,830 
Commercial - owner occupied25,775 14,625 40,400 2,447,165 2,487,565 
Construction and land development1,415 1,968 3,383 666,538 669,921 
Residential951 2,976 3,927 341,641 345,568 
Consumer154 26 180 56,870 57,050 
Loans, before unearned loan fees$74,149 $74,140 $148,289 $11,545,462 $11,693,751 
Unearned loan fees, net(971)
Total$11,692,780 
December 31, 2025
($ in thousands)30-89 Days
 Past Due		90 or More
Days
Past Due		Total
Past Due		CurrentTotal
C&I$6,822 $25,327 $32,149 $5,204,324 $5,236,473 
Real estate:
Commercial - investor owned3,627 38,063 41,690 2,945,216 2,986,906 
Commercial - owner occupied5,274 21,110 26,384 2,434,377 2,460,761 
Construction and land development4,881 583 5,464 683,893 689,357 
Residential7,457 2,516 9,973 357,154 367,127 
Consumer57 9 66 60,403 60,469 
Loans, before unearned loan fees$28,118 $87,608 $115,726 $11,685,367 $11,801,093 
Unearned loan fees, net(755)
Total$11,800,338