The Company uses the discounted cash flow ("DCF") method to estimate expected losses for all of the Company’s loan pools. These pools are as follows: construction & land development; other commercial real estate; residential real estate; commercial & industrial; and consumer & other. The loan portfolio pools were selected in order to generally align with the loan categories specified in the quarterly call reports required to be filed with the Federal Financial Institutions Examination Council. For each of these loan pools, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, probability of default, and loss given default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery is based on historical internal data and is tested and updated on an annual basis. The Company uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers.

Management qualitatively adjusts model results for risk factors ("Q-Factors") that are not considered within our modeling processes but are, nonetheless, relevant in assessing the expected credit losses within our loan pools. These Q-Factors and other qualitative adjustments may increase or decrease management's estimate of expected credit losses by a calculated percentage or amount based upon the estimated level of risk. The various risks that may be considered in making Q-Factor and other qualitative adjustments include, among other things, the impact of (i) changes in lending policies, procedures and strategies; (ii) changes in nature and volume of the portfolio; (iii) staff experience; (iv) changes in volume and trends in classified loans, delinquencies and nonaccruals; (v) concentration risk; (vi) trends in underlying collateral values; (vii) external factors such as competition, legal and regulatory environment; (viii) changes in the quality of the loan review system; and (ix) economic conditions.

Each year management evaluates the performance of the selected models used in the CECL calculation through backtesting. Based on the results of the testing, management determines if the various models produced accurate results compared to the actual losses incurred for the current economic environment. Management then determines if changes to the assumptions and economic factors would produce a stronger overall calculation that is more responsive to changes in economic conditions. The Company continues to use regression analysis to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default for the changes in the economic factors for the loss driver segments. Based on this analysis, management determined that changes to some of the economic factors for the loss driver segments, along with other model improvements and updates, were necessary, and updated models were implemented for the March 31, 2026 allowance for credit losses calculation. The identified loss drivers by segment are included below as of both March 31, 2026 and December 31, 2025:


March 31, 2026
Loss Driver Segment	Call Report Segment(s)	Modeled Economic Factors
1-4 Family Construction	1a1	National Unemployment (%) & Housing Price Index (%)
All Other Construction	1a2	National Unemployment (%) & Gross Domestic Product (%)
Farmland	1b	National Unemployment (%) & Gross Domestic Product (%)
Residential 1-4 Family	1c1, 1c2a, 1c2b	National Unemployment (%) & Housing Price Index (%)
Multifamily	1d	Gross Domestic Product (%) & Housing Price Index (%)
Non-Farm/ Non-Residential CRE	1e1, 1e2	National Unemployment (%) & Gross Domestic Product (%)
Agriculture	3	National Unemployment (%)
Commercial & Industrial, Non-Depository Financial Institutions, Purchase/Carry Securities, Leases, Other	4a, 9a, 9b1, 9b2, 10, Other	National Unemployment (%) & National Retail Sales (%)
Consumer Auto	6c	National Unemployment (%) & National Retail Sales (%)
Other Consumer	6b, 6d	National Unemployment (%) & National Retail Sales (%)
Other Consumer - SPF	6d	National Unemployment (%)
Obligations of States and Political Subdivisions	8	National Unemployment (%) & Gross Domestic Product (%)


December 31, 2025
Loss Driver Segment	Call Report Segment(s)	Modeled Economic Factors
1-4 Family Construction	1a1	National Unemployment (%) & Housing Price Index (%)
All Other Construction	1a2	National Unemployment (%) & Gross Domestic Product (%)
Farmland & Agriculture	1b, 3	National Unemployment (%)
Residential 1-4 Family	1c1, 1c2a, 1c2b	National Unemployment (%) & Housing Price Index (%)
Multifamily	1d	Rental Vacancy Rate (%) & Housing Price Index (%)
Non-Farm/ Non-Residential CRE	1e1, 1e2	National Unemployment (%) & Gross Domestic Product (%)
Commercial & Industrial, Non-Depository Financial Institutions, Purchase/Carry Securities, Leases, Other	4a, 9a, 9b1, 9b2, 10, Other	National Unemployment (%) & National Retail Sales (%)
Consumer Auto	6c	National Unemployment (%) & National Retail Sales (%)
Other Consumer	6b, 6d	National Unemployment (%) & National Retail Sales (%)
Other Consumer - SPF	6d	National Unemployment (%)
Obligations of States and Political Subdivisions	8	National Unemployment (%) & Gross Domestic Product (%)

The combination of adjustments for credit expectations (default and loss) and time expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value of expected cash flows ("NPV"). An allowance for credit loss is established for the difference between the instrument’s NPV and amortized cost basis.

Construction/Land Development and Other Commercial Real Estate Loans. We originate non-farm and non-residential loans (primarily secured by commercial real estate), construction/land development loans, and agricultural loans, which are generally secured by real estate located in our market areas. Our commercial mortgage loans are generally collateralized by first liens on real estate and amortized (where defined) over a 15 to 30 year period with balloon payments due at the end of one to five years. These loans are generally underwritten by assessing cash flow (debt service coverage), primary and secondary source of repayment, the financial strength of the borrower as well as any guarantors, the strength of the tenant (if any), the borrower’s liquidity and leverage, management experience, ownership structure, economic conditions and industry specific trends and collateral. Generally, we will loan up to 85% of the value of improved property, 65% of the value of raw land and 75% of the value of land to be acquired and developed. A first lien on the property and assignment of lease is required if the collateral is rental property, with second lien positions considered on a case-by-case basis.

Commercial and Industrial Loans. Commercial and industrial loans are made for a variety of business purposes, including working capital, inventory, equipment and capital expansion. The terms for commercial loans are generally one to seven years. Commercial loan applications must be supported by current financial information on the borrower and, where appropriate, by adequate collateral. Commercial loans are generally underwritten by addressing cash flow (debt service coverage), primary and secondary sources of repayment, the financial strength of the borrower as well as any guarantors, the borrower’s liquidity and leverage, management experience, ownership structure, economic conditions and industry specific trends and collateral. The loan to value ratio depends on the type of collateral. Generally, accounts receivable are financed at between 50% and 80% of accounts receivable less than 60 days past due. Inventory financing will range between 50% and 80% (with no work in process) depending on the borrower and nature of inventory. We require a first lien position for those loans.

Off-Balance Sheet Credit Exposures. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit loss on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The Company uses the DCF method to estimate expected losses for all of the Company’s off-balance sheet credit exposures through the use of the existing DCF models for the Company’s loan portfolio pools. The off-balance sheet credit exposures exhibit similar risk characteristics as loans currently in the Company’s loan portfolio.


	Three Months Ended March 31, 2026
	Construction/ Land Development		Other Commercial Real Estate		Residential Real Estate		Commercial & Industrial		Consumer & Other		Total
	(In thousands)
Allowance for credit losses:
Beginning balance	$	48,023	$	77,220	$	72,692	$	65,932	$	33,716	$	297,583

Loans charged off	—		(458)		(393)		(1,326)		(672)		(2,849)
Recoveries of loans previously charged off	20		617		18		191		554		1,400
Net loans recovered (charged off)	20		159		(375)		(1,135)		(118)		(1,449)

Provision for credit losses	1,334		13,171		(334)		(7,626)		(5,045)		1,500
Balance, March 31	$	49,377	$	90,550	$	71,983	$	57,171	$	28,553	$	297,634


	Three Months Ended March 31, 2025 and Year Ended December 31, 2025
	Construction/ Land Development		Other Commercial Real Estate		Residential Real Estate		Commercial & Industrial		Consumer & Other		Total
	(In thousands)
Allowance for credit losses:
Beginning balance	$	52,271	$	91,315	$	50,835	$	49,621	$	31,838	$	275,880
Loans charged off	—		(2,300)		(75)		(161)		(923)		(3,459)
Recoveries of loans previously charged off	125		6,160		51		958		228		7,522
Net loans (charged off) recovered	125		3,860		(24)		797		(695)		4,063

Provision for credit loss - loans	(4,220)		(8,890)		2,597		9,704		809		—
Balance, March 31	48,176		86,285		53,408		60,122		31,952		279,943
Loans charged off	(70)		(734)		(556)		(6,216)		(4,208)		(11,784)
Recoveries of loans previously charged off	451		2,540		172		1,420		741		5,324
Net loans (charged off) recovered	381		1,806		(384)		(4,796)		(3,467)		(6,460)
Provision for credit loss - loans	(534)		(10,871)		19,668		10,606		5,231		24,100
Balance, December 31	$	48,023	$	77,220	$	72,692	$	65,932	$	33,716	$	297,583


	March 31, 2026
	Nonaccrual		Nonaccrual with Reserve		Loans Past Due Over 90 Days Still Accruing
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential	$	56,767	$	14,530	$	751
Construction/land development	7,856		—		600
Agricultural	398		—		—
Residential real estate loans
Residential 1-4 family	24,890		—		136
Multifamily residential	11,175		10,363		—
Total real estate	101,086		24,893		1,487
Consumer	12,393		4,981		—
Commercial and industrial	64,941		—		982
Agricultural & other	1,219		—		12
Total	$	179,639	$	29,874	$	2,481


	December 31, 2025
	Nonaccrual		Nonaccrual with Reserve		Loans Past Due Over 90 Days Still Accruing
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential	$	21,685	$	14,752	$	—
Construction/land development	5,444		—		405
Agricultural	489		—		—
Residential real estate loans
Residential 1-4 family	24,149		—		2,321
Multifamily residential	10,925		10,113		—
Total real estate	62,692		24,865		2,726
Consumer	10,326		4,981		3,290
Commercial and industrial	3,760		—		964
Agricultural & other	1,224		—		—
Total	$	78,002	$	29,846	$	6,980


	March 31, 2026
	Loans Past Due 30-59 Days		Loans Past Due 60-89 Days		Loans Past Due 90 Days or More		Total Past Due		Current Loans		Total Loans Receivable		Accruing Loans Past Due 90 Days or More
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential	$	1,321	$	248	$	57,518	$	59,087	$	5,336,442	$	5,395,529	$	751
Construction/land development	105		244		8,456		8,805		2,604,799		2,613,604		600
Agricultural	130		776		398		1,304		319,742		321,046		—
Residential real estate loans
Residential 1-4 family	9,683		2,434		25,026		37,143		2,063,231		2,100,374		136
Multifamily residential	—		—		11,175		11,175		1,221,464		1,232,639		—
Total real estate	11,239		3,702		102,573		117,514		11,545,678		11,663,192		1,487
Consumer	1,255		475		12,393		14,123		1,240,813		1,254,936		—
Commercial and industrial	1,139		1,400		65,923		68,462		2,103,805		2,172,267		982
Agricultural & other	841		80		1,231		2,152		541,081		543,233		12
Total	$	14,474	$	5,657	$	182,120	$	202,251	$	15,431,377	$	15,633,628	$	2,481


	December 31, 2025
	Loans Past Due 30-59 Days		Loans Past Due 60-89 Days		Loans Past Due 90 Days or More		Total Past Due		Current Loans		Total Loans Receivable		Accruing Loans Past Due 90 Days or More
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential	$	37,448	$	4,723	$	21,685	$	63,856	$	5,226,256	$	5,290,112	$	—
Construction/land development	207		7,208		5,849		13,264		2,713,729		2,726,993		405
Agricultural	99		—		489		588		331,824		332,412		—
Residential real estate loans
Residential 1-4 family	3,709		4,650		26,470		34,829		2,099,505		2,134,334		2,321
Multifamily residential	—		—		10,925		10,925		1,129,986		1,140,911		—
Total real estate	41,463		16,581		65,418		123,462		11,501,300		11,624,762		2,726
Consumer	1,251		210		13,616		15,077		1,238,669		1,253,746		3,290
Commercial and industrial	41,433		1,048		4,724		47,205		2,175,196		2,222,401		964
Agricultural and other	1,267		14		1,224		2,505		582,795		585,300		—
Total	$	85,414	$	17,853	$	84,982	$	188,249	$	15,497,960	$	15,686,209	$	6,980

•Risk rating 1 – Excellent. Loans in this category are to persons or entities of unquestionable financial strength, a highly liquid financial position, with collateral that is liquid and well margined. These borrowers have performed without question on past obligations, and the Bank expects their performance to continue. Internally generated cash flow covers current maturities of long-term debt by a substantial margin. Loans secured by bank certificates of deposit and savings accounts, with appropriate holds placed on the accounts, are to be rated in this category.

•Risk rating 2 – Good. These are loans to persons or entities with strong financial condition and above-average liquidity that have previously satisfactorily handled their obligations with the Bank. Collateral securing the Bank’s debt is margined in accordance with policy guidelines. Internally generated cash flow covers current maturities of long-term debt more than adequately. Unsecured loans to individuals supported by strong financial statements and on which repayment is satisfactory may be included in this classification.

•Risk rating 3 – Satisfactory. Loans to persons or entities with an average financial condition, adequate collateral margins, adequate cash flow to service long-term debt, and net worth comprised mainly of fixed assets are included in this category. These entities are minimally profitable now, with projections indicating continued profitability into the foreseeable future. Closely held corporations or businesses where a majority of the profits are withdrawn by the owners or paid in dividends are included in this rating category. Overall, these loans are basically sound.

•Risk rating 4 – Watch. Borrowers who have marginal cash flow, marginal profitability or have experienced an unprofitable year and a declining financial condition characterize these loans. The borrower has in the past satisfactorily handled debts with the Bank, but in recent months has either been late, delinquent in making payments, or made sporadic payments. While the Bank continues to be adequately secured, margins have decreased or are decreasing, despite the borrower’s continued satisfactory condition. Other characteristics of borrowers in this class include inadequate credit information, weakness of financial statement and repayment capacity, but with collateral that appears to limit exposure.

•Risk rating 7 – Doubtful. A loan classified as doubtful has all the weaknesses inherent in a loan classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. These are poor quality loans in which neither the collateral, if any, nor the financial condition of the borrower presently ensure collectability in full in a reasonable period of time; in fact, there is permanent impairment in the collateral securing the loan.

•Risk rating 8 – Loss. Assets classified as loss are considered uncollectible and of such little value that the continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather, it is not practical or desirable to defer writing off this basically worthless asset, even though partial recovery may occur in the future. This classification is based upon current facts, not probabilities. Assets classified as loss should be charged-off in the period in which they became uncollectible.

Loans that do not share risk characteristics are evaluated on an individual basis. All loans over $2.0 million that are rated 5 – 8 are individually assessed for credit losses on a quarterly basis. For these loans, where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the sale of the collateral, the allowance for credit losses is measured based on the difference between the fair value of the collateral, net of estimated costs to sell, and the amortized cost basis of the loan as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the loan exceeds the present value of expected cash flows from the operation of the collateral. The allowance for credit losses may be zero if the fair value of the collateral, less estimated costs to sell, or present value of cash flows at the measurement date exceeds the amortized cost basis of the loan.


	March 31, 2026
	Term Loans Amortized Cost Basis by Origination Year
	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	295	$	2	$	297
Risk rating 2	—		—		—		—		—		—		—		—
Risk rating 3	64,556		481,681		258,160		283,941		547,666		1,359,580		219,988		3,215,572
Risk rating 4	16,905		86,686		151,786		82,068		538,390		828,549		253,873		1,958,257
Risk rating 5	—		236		633		—		13,358		21,512		395		36,134
Risk rating 6	—		11,986		33,586		2,208		39,936		97,553		—		185,269
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total non-farm/non-residential	81,461		580,589		444,165		368,217		1,139,350		2,307,489		474,258		5,395,529
Construction/land development
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	7	$	—	$	7
Risk rating 2	—		—		91		128		—		110		—		329
Risk rating 3	84,653		826,112		667,261		148,491		110,723		72,311		82,435		1,991,986
Risk rating 4	67,633		81,849		166,567		58,713		36,871		28,581		156,981		597,195
Risk rating 5	—		143		—		—		14,844		392		—		15,379
Risk rating 6	—		—		7,422		77		485		694		30		8,708
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total construction/land development	152,286		908,104		841,341		207,409		162,923		102,095		239,446		2,613,604
Agricultural
Risk rating 1	$	—	$	—	$	—	$	—	$	1,110	$	—	$	—	$	1,110
Risk rating 2	—		—		—		221		—		994		—		1,215
Risk rating 3	2,747		26,449		18,272		16,095		20,541		38,581		52,273		174,958
Risk rating 4	916		18,230		25,878		6,394		16,372		49,844		14,855		132,489
Risk rating 5	—		—		—		—		4,194		106		—		4,300
Risk rating 6	—		—		1,881		34		336		4,245		478		6,974
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total agricultural	3,663		44,679		46,031		22,744		42,553		93,770		67,606		321,046
Total commercial real estate loans	$	237,410	$	1,533,372	$	1,331,537	$	598,370	$	1,344,826	$	2,503,354	$	781,310	$	8,330,179
Residential real estate loans
Residential 1-4 family
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	81	$	1	$	82
Risk rating 2	—		—		—		155		—		—		1		156
Risk rating 3	74,446		216,151		175,805		226,330		332,413		536,867		120,901		1,682,913
Risk rating 4	3,850		22,947		39,677		12,098		45,551		171,606		80,136		375,865
Risk rating 5	—		1,049		1,017		1,553		481		4,642		240		8,982
Risk rating 6	1		259		951		3,900		9,041		18,055		169		32,376
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total residential 1-4 family	78,297		240,406		217,450		244,036		387,486		731,251		201,448		2,100,374


	March 31, 2026
	Term Loans Amortized Cost Basis by Origination Year
	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Multifamily residential
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Risk rating 2	—		—		—		—		—		—		—		—
Risk rating 3	—		237,392		216,883		58,075		140,912		134,351		7,010		794,623
Risk rating 4	1,912		893		658		137,490		197,743		32,394		23,585		394,675
Risk rating 5	—		—		—		—		—		2,007		—		2,007
Risk rating 6	—		—		—		—		40,363		971		—		41,334
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total multifamily residential	1,912		238,285		217,541		195,565		379,018		169,723		30,595		1,232,639
Total real estate	$	317,619	$	2,012,063	$	1,766,528	$	1,037,971	$	2,111,330	$	3,404,328	$	1,013,353	$	11,663,192
Consumer
Risk rating 1	$	926	$	4,246	$	2,680	$	1,134	$	927	$	1,551	$	2,943	$	14,407
Risk rating 2	16		—		—		—		—		208		—		224
Risk rating 3	54,747		270,285		208,774		139,205		144,814		377,351		1,116		1,196,292
Risk rating 4	462		1,869		1,351		976		4,733		6,219		110		15,720
Risk rating 5	—		—		—		2		464		811		—		1,277
Risk rating 6	—		1,050		12,541		5,841		2,110		5,455		19		27,016
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total consumer	56,151		277,450		225,346		147,158		153,048		391,595		4,188		1,254,936
Commercial and industrial
Risk rating 1	$	258	$	776	$	1,905	$	270	$	345	$	21,313	$	13,965	$	38,832
Risk rating 2	101		—		42		46		261		17		4,160		4,627
Risk rating 3	21,472		393,083		85,058		92,629		48,006		255,440		568,655		1,464,343
Risk rating 4	15,123		74,405		38,048		79,977		65,287		110,631		205,309		588,780
Risk rating 5	—		—		—		5		40		4,931		2,639		7,615
Risk rating 6	—		1,064		41,452		848		645		1,563		20,814		66,386
Risk rating 7	—		—		—		—		—		1,376		—		1,376
Risk rating 8	—		—		—		10		—		298		—		308
Total commercial and industrial	36,954		469,328		166,505		173,785		114,584		395,569		815,542		2,172,267
Agricultural and other
Risk rating 1	$	410	$	205	$	500	$	344	$	78	$	106	$	1,079	$	2,722
Risk rating 2	—		550		114		210		16		—		1,001		1,891
Risk rating 3	12,765		9,717		4,249		3,804		2,631		36,288		217,166		286,620
Risk rating 4	52,036		9,176		7,329		1,172		33,919		28,482		116,388		248,502
Risk rating 5	—		—		—		20		1,064		11		—		1,095
Risk rating 6	—		—		961		97		343		911		91		2,403
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total agricultural and other	65,211		19,648		13,153		5,647		38,051		65,798		335,725		543,233
Total	$	475,935	$	2,778,489	$	2,171,532	$	1,364,561	$	2,417,013	$	4,257,290	$	2,168,808	$	15,633,628


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	301	$	—	$	301
Risk rating 2	—		—		—		—		—		—		—		—
Risk rating 3	492,228		210,249		252,348		561,439		426,072		978,310		206,694		3,127,340
Risk rating 4	86,206		108,516		96,811		558,844		278,939		561,388		240,408		1,931,112
Risk rating 5	239		664		1,392		13,790		—		23,161		—		39,246
Risk rating 6	11,983		33,432		1,735		40,615		6,407		97,516		—		191,688
Risk rating 7	—		—		425		—		—		—		—		425
Risk rating 8	—		—		—		—		—		—		—		—
Total non-farm/non-residential	590,656		352,861		352,711		1,174,688		711,418		1,660,676		447,102		5,290,112
Construction/land development
Risk rating 1	$	—	$	—	$	—	$	—	$	8	$	—	$	—	$	8
Risk rating 2	376		93		129		—		—		120		—		718
Risk rating 3	739,449		863,012		181,685		108,648		23,610		54,423		68,558		2,039,385
Risk rating 4	63,720		201,687		56,444		143,542		14,648		20,780		163,294		664,115
Risk rating 5	—		—		—		16,024		—		—		—		16,024
Risk rating 6	—		4,584		275		512		536		836		—		6,743
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total construction/land development	803,545		1,069,376		238,533		268,726		38,802		76,159		231,852		2,726,993
Agricultural
Risk rating 1	$	—	$	—	$	—	$	1,169	$	—	$	—	$	—	$	1,169
Risk rating 2	—		—		225		—		1,012		—		—		1,237
Risk rating 3	25,875		20,454		16,985		24,312		11,587		37,628		48,561		185,402
Risk rating 4	18,496		24,511		6,407		19,027		18,746		32,232		14,119		133,538
Risk rating 5	—		—		—		4,194		—		111		—		4,305
Risk rating 6	—		1,881		34		358		1,646		2,527		315		6,761
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total agricultural	44,371		46,846		23,651		49,060		32,991		72,498		62,995		332,412
Total commercial real estate loans	$	1,438,572	$	1,469,083	$	614,895	$	1,492,474	$	783,211	$	1,809,333	$	741,949	$	8,349,517
Residential real estate loans
Residential 1-4 family
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	83	$	1	$	84
Risk rating 2	—		—		156		—		—		—		1		157
Risk rating 3	284,182		179,100		230,204		344,291		165,821		393,067		120,796		1,717,461
Risk rating 4	14,704		36,409		14,293		53,960		100,597		73,643		83,482		377,088
Risk rating 5	331		—		684		653		981		5,599		101		8,349
Risk rating 6	117		667		4,143		8,520		4,481		12,693		574		31,195
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total residential 1-4 family	299,334		216,176		249,480		407,424		271,880		485,085		204,955		2,134,334


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Multifamily residential
Risk rating 1	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Risk rating 2	—		—		—		—		—		—		—		—
Risk rating 3	237,328		55,087		58,077		141,548		29,736		104,185		9,189		635,150
Risk rating 4	897		663		199,306		197,414		10,767		23,742		29,872		462,661
Risk rating 5	—		—		—		—		503		1,501		—		2,004
Risk rating 6	—		—		—		40,113		—		983		—		41,096
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total multifamily residential	238,225		55,750		257,383		379,075		41,006		130,411		39,061		1,140,911
Total real estate	$	1,976,131	$	1,741,009	$	1,121,758	$	2,278,973	$	1,096,097	$	2,424,829	$	985,965	$	11,624,762
Consumer
Risk rating 1	$	4,723	$	2,974	$	1,306	$	970	$	449	$	1,191	$	1,654	$	13,267
Risk rating 2	—		—		—		—		—		217		—		217
Risk rating 3	277,176		216,183		150,202		153,393		140,454		255,252		1,218		1,193,878
Risk rating 4	2,526		1,916		1,031		5,092		1,509		4,376		126		16,576
Risk rating 5	—		—		114		464		200		1,146		—		1,924
Risk rating 6	778		12,570		6,296		1,504		246		5,322		28		26,744
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		1,140		—		—		—		1,140
Total consumer	285,203		233,643		158,949		162,563		142,858		267,504		3,026		1,253,746
Commercial and industrial
Risk rating 1	$	951	$	3,241	$	288	$	364	$	636	$	20,727	$	14,327	$	40,534
Risk rating 2	2		43		62		277		—		20		4,018		4,422
Risk rating 3	401,676		92,773		419,568		132,633		41,839		249,339		325,878		1,663,706
Risk rating 4	80,245		33,265		50,968		41,099		23,792		58,246		152,751		440,366
Risk rating 5	—		—		7		40		4,632		955		1,147		6,781
Risk rating 6	852		40,887		391		648		663		1,785		21,025		66,251
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		1		—		329		—		11		341
Total commercial and industrial	483,726		170,209		471,285		175,061		71,891		331,072		519,157		2,222,401
Agricultural and other
Risk rating 1	$	214	$	556	$	344	$	78	$	16	$	90	$	948	$	2,246
Risk rating 2	552		115		253		16		—		—		2,159		3,095
Risk rating 3	28,999		5,040		4,214		3,111		22,774		17,136		248,547		329,821
Risk rating 4	46,091		8,734		1,127		34,328		3,925		28,167		123,570		245,942
Risk rating 5	—		—		—		1,222		11		—		—		1,233
Risk rating 6	—		1,098		108		343		32		1,265		117		2,963
Risk rating 7	—		—		—		—		—		—		—		—
Risk rating 8	—		—		—		—		—		—		—		—
Total agricultural and other	75,856		15,543		6,046		39,098		26,758		46,658		375,341		585,300
Total	$	2,820,916	$	2,160,404	$	1,758,038	$	2,655,695	$	1,337,604	$	3,070,063	$	1,883,489	$	15,686,209


	March 31, 2026
	Gross Loan Write-Offs by Origination Year
	2026			2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential	$	—		$	—	$	453	$	—	$	—	$	4	$	—	$	457
Construction/land development	—			—		—		—		—		—		—		—
Agricultural	—			—		—		—		—		1		—		1
Residential real estate loans
Residential 1-4 family	—			—		40		110		9		234		—		393

Total real estate	—			—		493		110		9		239		—		851
Consumer	—			2		6		5		64		—		—		77
Commercial and industrial	—			—		640		46		21		308		311		1,326
Agricultural & other	593		*	—		—		2		—		—		—		595
Total	$	593		$	2	$	1,139	$	163	$	94	$	547	$	311	$	2,849


	December 31, 2025
	Gross Loan Write-Offs by Origination Year
	2025			2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential	$	—		$	5	$	400	$	47	$	289	$	2,293	$	—	$	3,034
Construction/land development	—			18		11		—		41		—		—		70
Agricultural	—			—		—		—		—		—		—		—
Residential real estate loans
Residential 1-4 family	—			21		98		309		—		203		—		631
Multifamily residential	—			—		—		—		—		—		—		—
Total real estate	—			44		509		356		330		2,496		—		3,735
Consumer	222		**	82		628		613		277		458		41		2,321
Commercial and industrial	—			149		2,582		763		1,206		898		779		6,377
Agricultural & other	2,808		**	2		—		—		—		—		—		2,810
Total	$	3,030		$	277	$	3,719	$	1,732	$	1,813	$	3,852	$	820	$	15,243


	March 31, 2026
	Term Loans Amortized Cost Basis by Origination Year
	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing	$	81,461	$	580,589	$	412,089	$	367,056	$	1,112,001	$	2,275,331	$	474,258	$	5,302,785
Non-performing	—		—		32,076		1,161		27,349		32,158		—		92,744
Total non-farm/non-residential	81,461		580,589		444,165		368,217		1,139,350		2,307,489		474,258		5,395,529
Construction/land development
Performing	$	152,286	$	908,104	$	833,919	$	207,409	$	162,438	$	101,576	$	239,416	$	2,605,148
Non-performing	—		—		7,422		—		485		519		30		8,456
Total construction/ land development	152,286		908,104		841,341		207,409		162,923		102,095		239,446		2,613,604
Agricultural
Performing	$	3,663	$	44,679	$	46,031	$	22,744	$	42,553	$	93,547	$	67,431	$	320,648
Non-performing	—		—		—		—		—		223		175		398
Total agricultural	3,663		44,679		46,031		22,744		42,553		93,770		67,606		321,046
Total commercial real estate loans	$	237,410	$	1,533,372	$	1,331,537	$	598,370	$	1,344,826	$	2,503,354	$	781,310	$	8,330,179
Residential real estate loans
Residential 1-4 family
Performing	$	78,297	$	240,008	$	216,513	$	239,672	$	380,696	$	715,818	$	201,417	$	2,072,421
Non-performing	—		398		937		4,364		6,790		15,433		31		27,953
Total residential 1-4 family	78,297		240,406		217,450		244,036		387,486		731,251		201,448		2,100,374
Multifamily residential
Performing	$	1,912	$	238,285	$	217,541	$	195,565	$	368,655	$	168,911	$	30,595	$	1,221,464
Non-performing	—		—		—		—		10,363		812		—		11,175
Total multifamily residential	1,912		238,285		217,541		195,565		379,018		169,723		30,595		1,232,639
Total real estate	$	317,619	$	2,012,063	$	1,766,528	$	1,037,971	$	2,111,330	$	3,404,328	$	1,013,353	$	11,663,192
Consumer
Performing	$	56,151	$	277,381	$	224,285	$	142,120	$	151,643	$	386,793	$	4,170	$	1,242,543
Non-performing	—		69		1,061		5,038		1,405		4,802		18		12,393
Total consumer	56,151		277,450		225,346		147,158		153,048		391,595		4,188		1,254,936
Commercial and industrial
Performing	$	36,954	$	468,411	$	125,233	$	173,221	$	114,146	$	393,553	$	794,772	$	2,106,290
Non-performing	—		917		41,272		564		438		2,016		20,770		65,977
Total commercial and industrial	36,954		469,328		166,505		173,785		114,584		395,569		815,542		2,172,267
Agricultural and other
Performing	$	65,211	$	19,648	$	12,995	$	5,550	$	37,739	$	65,134	$	335,725	$	542,002
Non-performing	—		—		158		97		312		664		—		1,231
Total agricultural and other	65,211		19,648		13,153		5,647		38,051		65,798		335,725		543,233
Total	$	475,935	$	2,778,489	$	2,171,532	$	1,364,561	$	2,417,013	$	4,257,290	$	2,168,808	$	15,633,628


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing	$	590,656	$	319,429	$	352,286	$	1,147,293	$	709,851	$	1,629,945	$	447,102	$	5,196,562
Non-performing	—		33,432		425		27,395		1,567		30,731		—		93,550
Total non-farm/non-residential	590,656		352,861		352,711		1,174,688		711,418		1,660,676		447,102		5,290,112
Construction/land development
Performing	$	803,545	$	1,065,095	$	238,336	$	268,292	$	38,502	$	75,522	$	231,852	$	2,721,144
Non-performing	—		4,281		197		434		300		637		—		5,849
Total construction/land development	803,545		1,069,376		238,533		268,726		38,802		76,159		231,852		2,726,993
Agricultural
Performing	$	44,371	$	46,846	$	23,651	$	49,060	$	32,991	$	72,021	$	62,983	$	331,923
Non-performing	—		—		—		—		—		477		12		489
Total agricultural	44,371		46,846		23,651		49,060		32,991		72,498		62,995		332,412
Total commercial real estate loans	$	1,438,572	$	1,469,083	$	614,895	$	1,492,474	$	783,211	$	1,809,333	$	741,949	$	8,349,517
Residential real estate loans
Residential 1-4 family
Performing	$	299,149	$	215,558	$	244,767	$	400,643	$	267,493	$	472,717	$	204,605	$	2,104,932
Non-performing	185		618		4,713		6,781		4,387		12,368		350		29,402
Total residential 1-4 family	299,334		216,176		249,480		407,424		271,880		485,085		204,955		2,134,334
Multifamily residential
Performing	$	238,225	$	55,750	$	257,383	$	368,962	$	41,006	$	129,599	$	39,061	$	1,129,986
Non-performing	—		—		—		10,113		—		812		—		10,925
Total multifamily residential	238,225		55,750		257,383		379,075		41,006		130,411		39,061		1,140,911
Total real estate	$	1,976,131	$	1,741,009	$	1,121,758	$	2,278,973	$	1,096,097	$	2,424,829	$	985,965	$	11,624,762
Consumer
Performing	$	285,182	$	232,580	$	153,116	$	160,625	$	142,817	$	262,786	$	3,024	$	1,240,130
Non-performing	21		1,063		5,833		1,938		41		4,718		2		13,616
Total consumer	285,203		233,643		158,949		162,563		142,858		267,504		3,026		1,253,746
Commercial and industrial
Performing	$	482,817	$	129,624	$	471,177	$	174,639	$	71,256	$	329,475	$	499,046	$	2,158,034
Non-performing	909		40,585		108		422		635		1,597		20,111		64,367
Total commercial and industrial	483,726		170,209		471,285		175,061		71,891		331,072		519,157		2,222,401
Agricultural and other
Performing	$	75,856	$	15,385	$	5,938	$	38,786	$	26,715	$	46,132	$	375,264	$	584,076
Non-performing	—		158		108		312		43		526		77		1,224
Total agricultural and other	75,856		15,543		6,046		39,098		26,758		46,658		375,341		585,300
Total	$	2,820,916	$	2,160,404	$	1,758,038	$	2,655,695	$	1,337,604	$	3,070,063	$	1,883,489	$	15,686,209


	March 31, 2026
									Combination of Modifications
	Term Extension		Interest Rate Reduction		Principal Reduction		Interest Only		Interest Rate Reduction and Term Extension		Term Extension and Interest Only		Term Extension and Principal Reduction		Post- Modification Outstanding Balance		Percentage of Total Class of Loans Receivable
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential	$	376	$	31,869	$	—	$	937	$	328	$	14,530	$	—	$	48,040	0.89	%
Construction/land development	—		—		—		9		—		—		—		9		—

Residential real estate loans
Residential 1-4 family	1,023		784		97		19		2,233		—		113		4,269		0.20

Total real estate	1,399		32,653		97		965		2,561		14,530		113		52,318		0.45
Consumer	—		3,161		—		—		—		—		—		3,161		0.25
Commercial and industrial	57		60,207		—		—		243		—		—		60,507		2.79

Total	$	1,456	$	96,021	$	97	$	965	$	2,804	$	14,530	$	113	$	115,986	0.74	%


	December 31, 2025
									Combination of Modifications
	Term Extension		Interest Rate Reduction		Principal Reduction		Interest Only		Interest Rate Reduction and Term Extension		Principal Reduction and Interest Rate Reduction		Term Extension and Interest Only		Term Extension and Principal Reduction		Post- Modification Outstanding Balance		Percentage of Total Class of Loans Receivable
	(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential	$	378	$	31,869	$	—	$	1,001	$	330	$	—	$	14,752	$	—	$	48,330	0.91	%
Construction/land development	—		—		—		36		—		—		—		—		36		—

Residential real estate loans
Residential 1-4 family	1,033		1,018		99		20		2,300		—		—		114		4,584		0.21

Total real estate	1,411		32,887		99		1,057		2,630		—		14,752		114		52,950		0.46
Consumer	—		2,938		—		—		—		—		—		—		2,938		0.23
Commercial and industrial	58		59,585		—		—		74		—		—		—		59,717		2.69

Total	$	1,469	$	95,410	$	99	$	1,057	$	2,704	$	—	$	14,752	$	114	$	115,605	0.74	%

During the three months ended March 31, 2026, the Company restructured approximately $175,000 in loans to two borrowers. The ending balance of these loans as of March 31, 2026, was $174,000. During the three months ended March 31, 2025, the Company restructured approximately $4.0 million in loans to four borrowers. The ending balance of these loans as of March 31, 2025, was $3.9 million. The Company considered the financial effect of these loan modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2026 and March 31, 2025 as well as the unadvanced balances to these borrowers immaterial for tabular disclosure inclusion.

Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses on loans is adjusted by the same amount. The defaults impact the loss rate by applicable loan pool for the quarterly CECL calculation. For individually analyzed loans which are not considered to be collateral dependent, an allowance is recorded based on the loss rate for the respective pool within the collective evaluation.