v3.26.1
Note 6 - Loans and the Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  March 31, 2026  December 31, 2025 
  

(dollars in thousands)

 

Commercial

 $1,644,836  $1,565,963 

Commercial real estate

  8,318,844   8,054,696 

Commercial construction

  571,073   623,902 

Residential real estate

  1,202,539   1,210,980 

Consumer

  1,801   2,017 

Gross loans

  11,739,093   11,457,558 

Net deferred loan fees

  (3,497)  (4,278)

Total loans receivable

 $11,735,596  $11,453,280 
Schedule of Loans Held-for-sale [Table Text Block]
  

March 31, 2026

  

December 31, 2025

 
  

(dollars in thousands)

 

Commercial

 $10,222  $- 

Residential

  -   391 

Total

 $10,222  $391 
Financing Receivable, Nonaccrual [Table Text Block]
  

March 31, 2026

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,996  $10,802   12,798 

Commercial real estate

  9,411   15,524   24,935 

Residential real estate

  528   3,318   3,846 

Total

 $11,935  $29,644  $41,579 
  

December 31, 2025

 
  Nonaccrual loans with ACL  Nonaccrual loans without ACL  Total nonaccrual loans 
  

(dollars in thousands)

 

Commercial

 $1,987  $11,052  $13,039 

Commercial real estate

  207   28,354   28,561 

Residential real estate

  549   3,766   4,315 

Total

 $2,743  $43,172  $45,915 
Schedule of Loans Purchase With Credit Deterioration [Table Text Block]

(dollars in thousands)

 

March 31, 2026

  

December 31, 2025

 

Commercial

 $4,617  $5,398 

Commercial real estate

  201,147   213,770 

Residential real estate

  1,857   1,962 

Total purchased credit-deteriorated loans

 $207,621  $221,130 
Financing Receivable Origination And Risk Designation [Table Text Block]
  

Term loans amortized cost basis by origination year

       
  

2026

  

2025

  

2024

  

2023

  

2022

  

Prior

  

Revolving Loans

  

Total Gross Loans

 

Commercial

                                

Pass

 $46,817  $181,268  $207,276  $116,226  $218,823  $342,707  $487,902  $1,601,019 

Special mention

  -   -   -   -   692   76   44   812 

Substandard

  5,893   146   -   3,023   3,098   17,075   13,770   43,005 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial

 $52,710  $181,414  $207,276  $119,249  $222,613  $359,858  $501,716  $1,644,836 

YTD gross charge-offs

 $-  $-  $39  $-  $-  $-  $437  $476 
                                 

Commercial real estate

                                

Pass

 $328,358  $1,135,353  $389,184  $296,057  $1,469,396  $2,939,126  $1,548,996  $8,106,470 

Special mention

  -   -   -   -   35,939   74,535   192   110,666 

Substandard

  -   -   4,010   -   21,929   47,940   27,829   101,708 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial real estate

 $328,358  $1,135,353  $393,194  $296,057  $1,527,264  $3,061,601  $1,577,017  $8,318,844 

YTD gross charge-offs

 $-  $-  $-  $-  $1,005  $5,642  $-  $6,647 
                                 

Commercial construction

                                

Pass

 $10,565  $111,171  $121,603  $17,858  $8,007  $84,078  $217,791  $571,073 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial construction

 $10,565  $111,171  $121,603  $17,858  $8,007  $84,078  $217,791  $571,073 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $18,788  $37,414  $19,543  $90,386  $145,326  $524,160  $358,390  $1,194,007 

Special mention

  -   -   -   -   -   -   3,326   3,326 

Substandard

  -   -   -   -   -   2,865   2,341   5,206 

Doubtful

  -   -   -   -   -   -   -   - 

Total residential real estate

 $18,788  $37,414  $19,543  $90,386  $145,326  $527,025  $364,057  $1,202,539 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Consumer

                                

Pass

 $1,632  $9  $8  $-  $-  $74  $78  $1,801 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total consumer

 $1,632  $9  $8  $-  $-  $74  $78  $1,801 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Total

                                

Pass

 $406,160  $1,465,215  $737,614  $520,527  $1,841,552  $3,890,145  $2,613,157  $11,474,370 

Special mention

  -   -   -   -   36,631   74,611   3,562   114,804 

Substandard

  5,893   146   4,010   3,023   25,027   67,880   43,940   149,919 

Doubtful

  -   -   -   -   -   -   -   - 

Grand total

 $412,053  $1,465,361  $741,624  $523,550  $1,903,210  $4,032,636  $2,660,659  $11,739,093 

YTD gross charge-offs

 $-  $-  $39  $-  $1,005  $5,642  $437  $7,123 
  

Term loans amortized cost basis by origination year

       
  

2025

  

2024

  

2023

  

2022

  2021  

Prior

  

Revolving Loans

  

Total Gross Loans

 

Commercial

                                

Pass

 $165,942  $194,070  $137,181  $217,504  $177,715  $145,173  $479,906  $1,517,491 

Special mention

  -   -   -   694   -   2,927   44   3,665 

Substandard

  146   539   3,048   3,120   2,599   10,625   24,730   44,807 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial

 $166,088  $194,609  $140,229  $221,318  $180,314  $158,725  $504,680  $1,565,963 

YTD gross charge-offs

 $-  $-  $32  $1,669  $-  $854  $1,961  $4,516 
                                 

Commercial real estate

                                

Pass

 $1,129,223  $416,806  $303,121  $1,487,034  $1,391,743  $1,648,135  $1,451,710  $7,827,772 

Special mention

  -   -   -   39,271   3,741   71,452   6,998   121,462 

Substandard

  -   4,024   -   22,193   9,066   54,778   15,401   105,462 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial real estate

 $1,129,223  $420,830  $303,121  $1,548,498  $1,404,550  $1,774,365  $1,474,109  $8,054,696 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $13,839  $-  $13,839 
                                 

Commercial construction

                                

Pass

 $108,660  $120,104  $36,316  $17,912  $63,727  $44,193  $232,990  $623,902 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial construction

 $108,660  $120,104  $36,316  $17,912  $63,727  $44,193  $232,990  $623,902 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $36,615  $26,638  $33,577  $201,351  $114,215  $416,017  $373,244  $1,201,657 

Special mention

  -   -   -   -   -   -   3,343   3,343 

Substandard

  -   -   -   -   798   2,516   2,666   5,980 

Doubtful

  -   -   -   -   -   -   -   - 

Total residential real estate

 $36,615  $26,638  $33,577  $201,351  $115,013  $418,533  $379,253  $1,210,980 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $1,000  $1,000 
                                 

Consumer

                                

Pass

 $1,863  $-  $-  $-  $-  $63  $91  $2,017 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total consumer

 $1,863  $-  $-  $-  $-  $63  $91  $2,017 

YTD gross charge-offs

 $25  $-  $-  $-  $-  $-  $1  $26 
                                 

Total

                                

Pass

 $1,442,303  $757,618  $510,195  $1,923,801  $1,747,400  $2,253,581  $2,537,941  $11,172,839 

Special mention

  -   -   -   39,965   3,741   74,379   10,385   128,470 

Substandard

  146   4,563   3,048   25,313   12,463   67,919   42,797   156,249 

Doubtful

  -   -   -   -   -   -   -   - 

Grand total

 $1,442,449  $762,181  $513,243  $1,989,079  $1,763,604  $2,395,879  $2,591,123  $11,457,558 

YTD gross charge-offs

 $25  $-  $32  $1,669  $-  $14,693  $2,962  $19,381 
Financing Receivable, Collateral Dependent [Table Text Block]
  

March 31, 2026

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $6,124  $8,676  $14,800 

Commercial real estate

  225,669   -   225,669 

Residential real estate

  5,069   -   5,069 

Total

 $236,862  $8,676  $245,538 
  

December 31, 2025

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $6,948  $8,783  $15,731 

Commercial real estate

  242,125   -   242,125 

Residential real estate

  5,637   -   5,637 

Total

 $254,710  $8,783  $263,493 
Financing Receivable, Past Due [Table Text Block]
  

March 31, 2026

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 
  

(dollars in thousands)

 

Commercial

 $2,881  $-  $426  $12,798  $16,105  $1,628,731  $1,644,836 

Commercial real estate

  82,614   -   6,765   24,935   114,314   8,204,530   8,318,844 

Commercial construction

  -   -   -   -   -   571,073   571,073 

Residential real estate

  9,660   -   769   3,846   14,275   1,188,264   1,202,539 

Consumer

  -   -   -   -   -   1,801   1,801 

Total

 $95,155  $-  $7,960  $41,579  $144,694  $11,594,399  $11,739,093 
  

December 31, 2025

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 
  

(dollars in thousands)

 

Commercial

 $875  $539  $427  $13,039  $14,880  $1,551,083  $1,565,963 

Commercial real estate

  13,602   6,098   16,276   28,561   64,537   7,990,159   8,054,696 

Commercial construction

  -   -   -   -   -   623,902   623,902 

Residential real estate

  7,405   1,372   769   4,315   13,861   1,197,119   1,210,980 

Consumer

  -   -   -   -   -   2,017   2,017 

Total

 $21,882  $8,009  $17,472  $45,915  $93,278  $11,364,280  $11,457,558 
Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]
  

March 31, 2026

 
  

Commercial

  Commercial real estate  

Commercial construction

  Residential real estate  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses – loans

                        

Individually analyzed

 $314  $187  $-  $-  $-  $501 

Collectively evaluated

  15,291   82,865   4,680   12,253   19   115,108 

Acquired with deteriorated credit quality

  584   36,748   -   115   -   37,447 

Total

 $16,189  $119,800  $4,680  $12,368  $19  $153,056 
                         

Gross loans

                        

Individually analyzed

 $11,885  $24,522  $-  $3,212  $-  $39,619 

Collectively evaluated

  1,628,334   8,093,175   571,073   1,197,470   1,801   11,491,853 

Acquired with deteriorated credit quality

  4,617   201,147   -   1,857   -   207,621 

Total

 $1,644,836  $8,318,844  $571,073  $1,202,539  $1,801  $11,739,093 
  

December 31, 2025

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses – loans

                        

Individually analyzed

 $314  $125  $-  $-  $-  $439 

Collectively evaluated

  15,392   79,046   5,303   12,084   18   111,843 

Acquired with deteriorated credit quality

  (348)  42,256   -   115   -   42,023 

Total

 $15,358  $121,427  $5,303  $12,199  $18  $154,305 
                         

Gross loans

                        

Individually analyzed

 $12,184  $28,354  $-  $3,675  $-  $44,213 

Collectively evaluated

  1,548,381   7,812,572   623,902   1,205,343   2,017   11,192,215 

Acquired with deteriorated credit quality

  5,398   213,770   -   1,962   -   221,130 

Total

 $1,565,963  $8,054,696  $623,902  $1,210,980  $2,017  $11,457,558 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Three Months Ended March 31, 2026

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2025

 $15,358  $121,427  $5,303  $12,199  $18  $154,305 

Charge-offs:

                        

Non-PCD Loans

  (476)  (2,282)  -   -   -   (2,758)

PCD Loans

  -   (4,365)  -   -   -   (4,365)

Recoveries

  430   21   -   16   -   467 

Provision for credit losses - loans:

                        

Operating provision for credit losses

  759   5,327   (623)  153   1   5,617 

Nonaccretable credit marks on PCD loans

  118   (328)  -   -   -   (210)

Balance as of March 31, 2026

 $16,189  $119,800  $4,680  $12,368  $19  $153,056 
  

Three Months Ended March 31, 2025

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2024

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

Charge-offs

  -   (3,555)  -   -   -   (3,555)

Recoveries

  155   -   -   -   -   155 

(Reversal of) provision for credit losses – loans

  (402)  3,364   (34)  191   (1)  3,118 

Balance as of March 31, 2025

 $18,031  $54,586  $5,030  $4,752  $4  $82,403 
Financing Receivable, Modified [Table Text Block]
  

Amortized Cost Basis

         
  

Term Extension

  

Payment Deferral

  

Interest Rate Reduction

  

Total

  

Gross Loans at March 31, 2026

  

Modification % (Modified Loans/Gross Loans)

 

March 31, 2026

                        

(dollars in thousands)

                        

Commercial

 $8,311  $2,849  $599  $11,759  $1,644,836   0.71%

Commercial real estate

  29,694   -   -   29,694   8,318,844   0.36 

Commercial construction

  -   -   -   -   571,073   - 

Residential real estate

  -   -   -   -   1,202,539   - 

Consumer

  -   -   -   -   1,801   - 

Total

 $38,005  $2,849  $599  $41,453  $11,739,093   0.35%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

March 31, 2026

                

(dollars in thousands)

                

Commercial

  4   2   2.0%  - 

Commercial real estate

  120   -   -   - 

Total

  124   2   2.0%  - 
Financing Receivable, Modified, Past Due [Table Text Block]
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

March 31, 2026

            

(dollars in thousands)

            

Commercial

 $18,372  $-  $- 

Commercial real estate

  29,694   3,687   - 

Commercial construction

  8,244   -   - 

Total

 $56,310  $3,687  $- 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

March 31,

  

March 31,

 
  

2026

  

2025

 
  

(dollars in thousands)

 

Balance at beginning of period

 $3,108  $2,627 

(Reversal of) provision for credit losses – unfunded commitments

  (207)  382 

Balance at end of period

 $2,901  $3,009 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

March 31,

  

March 31,

 
  

2026

  

2025

 
  

(dollars in thousands)

 

Provision for credit losses – loans

 $5,617  $3,118 

Release of nonaccretable marks due to improvements in expected cash flows

  (210)  - 

(Reversal of) provision for credit losses - unfunded commitments

  (207)  382 

Provision for credit losses

 $5,200  $3,500