| Schedule of Past Due Loans |
At March 31, 2026 and December 31, 2025, the Company’s past due loans are as follows (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
15-59
Days
Past
Due* |
|
|
60-89
Days
Past
Due |
|
|
Greater
Than 90
Days |
|
|
Total Past
Due |
|
|
Current |
|
|
Total Loans |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
4,038 |
|
|
$ |
310 |
|
|
$ |
1,204 |
|
|
$ |
5,552 |
|
|
$ |
1,144,379 |
|
|
$ |
1,149,931 |
|
Municipal |
|
|
654 |
|
|
|
— |
|
|
|
— |
|
|
|
654 |
|
|
|
383,819 |
|
|
|
384,473 |
|
Agricultural |
|
|
1,019 |
|
|
|
36 |
|
|
|
472 |
|
|
|
1,527 |
|
|
|
76,056 |
|
|
|
77,583 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
11,858 |
|
|
|
332 |
|
|
|
539 |
|
|
|
12,729 |
|
|
|
1,156,308 |
|
|
|
1,169,037 |
|
Farm |
|
|
430 |
|
|
|
126 |
|
|
|
472 |
|
|
|
1,028 |
|
|
|
328,123 |
|
|
|
329,151 |
|
Non-Owner Occupied CRE |
|
|
4,170 |
|
|
|
199 |
|
|
|
— |
|
|
|
4,369 |
|
|
|
821,402 |
|
|
|
825,771 |
|
Owner Occupied CRE |
|
|
5,721 |
|
|
|
— |
|
|
|
722 |
|
|
|
6,443 |
|
|
|
1,125,671 |
|
|
|
1,132,114 |
|
Residential |
|
|
25,398 |
|
|
|
4,624 |
|
|
|
4,217 |
|
|
|
34,239 |
|
|
|
2,287,858 |
|
|
|
2,322,097 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
1,045 |
|
|
|
180 |
|
|
|
— |
|
|
|
1,225 |
|
|
|
750,058 |
|
|
|
751,283 |
|
Non-Auto |
|
|
251 |
|
|
|
10 |
|
|
|
91 |
|
|
|
352 |
|
|
|
143,328 |
|
|
|
143,680 |
|
Total |
|
$ |
54,584 |
|
|
$ |
5,817 |
|
|
$ |
7,717 |
|
|
$ |
68,118 |
|
|
$ |
8,217,002 |
|
|
$ |
8,285,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
15-59
Days
Past
Due* |
|
|
60-89
Days
Past Due |
|
|
Greater
Than 90
Days |
|
|
Total Past
Due |
|
|
Current |
|
|
Total Loans |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
3,760 |
|
|
$ |
850 |
|
|
$ |
876 |
|
|
$ |
5,486 |
|
|
$ |
1,110,975 |
|
|
$ |
1,116,461 |
|
Municipal |
|
|
1,471 |
|
|
|
17 |
|
|
|
— |
|
|
|
1,488 |
|
|
|
341,013 |
|
|
|
342,501 |
|
Agricultural |
|
|
426 |
|
|
|
— |
|
|
|
739 |
|
|
|
1,165 |
|
|
|
94,611 |
|
|
|
95,776 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
10,656 |
|
|
|
605 |
|
|
|
544 |
|
|
|
11,805 |
|
|
|
1,146,060 |
|
|
|
1,157,865 |
|
Farm |
|
|
915 |
|
|
|
126 |
|
|
|
789 |
|
|
|
1,830 |
|
|
|
325,795 |
|
|
|
327,625 |
|
Non-Owner Occupied CRE |
|
|
1,489 |
|
|
|
— |
|
|
|
— |
|
|
|
1,489 |
|
|
|
831,327 |
|
|
|
832,816 |
|
Owner Occupied CRE |
|
|
9,582 |
|
|
|
13,631 |
|
|
|
1,536 |
|
|
|
24,749 |
|
|
|
1,095,859 |
|
|
|
1,120,608 |
|
Residential |
|
|
21,505 |
|
|
|
3,493 |
|
|
|
3,340 |
|
|
|
28,338 |
|
|
|
2,257,492 |
|
|
|
2,285,830 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
1,161 |
|
|
|
92 |
|
|
|
— |
|
|
|
1,253 |
|
|
|
731,098 |
|
|
|
732,351 |
|
Non-Auto |
|
|
362 |
|
|
|
27 |
|
|
|
46 |
|
|
|
435 |
|
|
|
146,008 |
|
|
|
146,443 |
|
Total |
|
$ |
51,327 |
|
|
$ |
18,841 |
|
|
$ |
7,870 |
|
|
$ |
78,038 |
|
|
$ |
8,080,238 |
|
|
$ |
8,158,276 |
|
* The Company monitors commercial, agricultural and real estate loans after such loans are 15 days past due. Consumer loans are monitored after such loans are 30 days past due.
|
| Schedule of loans that are individually evaluated for credit losses |
The Company’s loans that are individually evaluated for credit losses (both collateral and non-collateral dependent) and their related allowances as of March 31, 2026 and December 31, 2025, are summarized in the following tables by loan segment (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
Without an
Allowance |
|
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
With an
Allowance |
|
|
Non-Collateral
Dependent
Loans
Individually
Evaluated for
Credit Losses |
|
|
Total Loans
Individually
Evaluated
for Credit
Losses |
|
|
Related
Allowance
on Collateral
Dependent
Loans |
|
|
Related
Allowance on
Non-Collateral
Dependent
Loans |
|
|
Total
Allowance for
Credit Losses
on Loans
Individually
Evaluated for
Credit Losses |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
89 |
|
|
$ |
2,556 |
|
|
$ |
32,790 |
|
|
$ |
35,435 |
|
|
$ |
876 |
|
|
$ |
10,464 |
|
|
$ |
11,340 |
|
Municipal |
|
|
— |
|
|
|
— |
|
|
|
8,980 |
|
|
|
8,980 |
|
|
|
— |
|
|
|
130 |
|
|
|
130 |
|
Agricultural |
|
|
— |
|
|
|
1,392 |
|
|
|
395 |
|
|
|
1,787 |
|
|
|
223 |
|
|
|
114 |
|
|
|
337 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
— |
|
|
|
1,150 |
|
|
|
22,848 |
|
|
|
23,998 |
|
|
|
126 |
|
|
|
2,509 |
|
|
|
2,635 |
|
Farm |
|
|
1,741 |
|
|
|
203 |
|
|
|
4,961 |
|
|
|
6,905 |
|
|
|
5 |
|
|
|
171 |
|
|
|
176 |
|
Non-Owner Occupied CRE |
|
|
1,649 |
|
|
|
1,568 |
|
|
|
36,281 |
|
|
|
39,498 |
|
|
|
380 |
|
|
|
2,439 |
|
|
|
2,819 |
|
Owner Occupied CRE |
|
|
14,872 |
|
|
|
9,773 |
|
|
|
41,735 |
|
|
|
66,380 |
|
|
|
4,618 |
|
|
|
3,234 |
|
|
|
7,852 |
|
Residential |
|
|
4,268 |
|
|
|
12,004 |
|
|
|
86,734 |
|
|
|
103,006 |
|
|
|
1,417 |
|
|
|
4,453 |
|
|
|
5,870 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
— |
|
|
|
662 |
|
|
|
2,175 |
|
|
|
2,837 |
|
|
|
1 |
|
|
|
5 |
|
|
|
6 |
|
Non-Auto |
|
|
— |
|
|
|
202 |
|
|
|
731 |
|
|
|
933 |
|
|
|
1 |
|
|
|
2 |
|
|
|
3 |
|
Total |
|
$ |
22,619 |
|
|
$ |
29,510 |
|
|
$ |
237,630 |
|
|
$ |
289,759 |
|
|
$ |
7,647 |
|
|
$ |
23,521 |
|
|
$ |
31,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
Without an
Allowance |
|
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
With an
Allowance |
|
|
Non-Collateral
Dependent
Loans
Individually
Evaluated for
Credit Losses |
|
|
Total Loans
Individually
Evaluated
for Credit
Losses |
|
|
Related
Allowance
on Collateral
Dependent
Loans |
|
|
Related
Allowance on
Non-Collateral
Dependent
Loans |
|
|
Total
Allowance for
Credit Losses
on Loans
Individually
Evaluated for
Credit Losses |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
110 |
|
|
$ |
3,529 |
|
|
$ |
21,384 |
|
|
$ |
25,023 |
|
|
$ |
1,014 |
|
|
$ |
7,253 |
|
|
$ |
8,267 |
|
Municipal |
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Agricultural |
|
|
274 |
|
|
|
1,348 |
|
|
|
525 |
|
|
|
2,147 |
|
|
|
198 |
|
|
|
125 |
|
|
|
323 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
— |
|
|
|
2,644 |
|
|
|
17,439 |
|
|
|
20,083 |
|
|
|
171 |
|
|
|
1,790 |
|
|
|
1,961 |
|
Farm |
|
|
1,858 |
|
|
|
208 |
|
|
|
5,348 |
|
|
|
7,414 |
|
|
|
6 |
|
|
|
211 |
|
|
|
217 |
|
Non-Owner Occupied CRE |
|
|
1,243 |
|
|
|
1,631 |
|
|
|
33,134 |
|
|
|
36,008 |
|
|
|
431 |
|
|
|
2,897 |
|
|
|
3,328 |
|
Owner Occupied CRE |
|
|
15,939 |
|
|
|
10,667 |
|
|
|
35,420 |
|
|
|
62,026 |
|
|
|
5,348 |
|
|
|
3,379 |
|
|
|
8,727 |
|
Residential |
|
|
4,827 |
|
|
|
9,731 |
|
|
|
83,934 |
|
|
|
98,492 |
|
|
|
958 |
|
|
|
4,969 |
|
|
|
5,927 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
— |
|
|
|
871 |
|
|
|
2,421 |
|
|
|
3,292 |
|
|
|
2 |
|
|
|
5 |
|
|
|
7 |
|
Non-Auto |
|
|
— |
|
|
|
224 |
|
|
|
880 |
|
|
|
1,104 |
|
|
|
1 |
|
|
|
2 |
|
|
|
3 |
|
Total |
|
$ |
24,251 |
|
|
$ |
30,870 |
|
|
$ |
200,485 |
|
|
$ |
255,606 |
|
|
$ |
8,129 |
|
|
$ |
20,631 |
|
|
$ |
28,760 |
|
|
| Schedule of Allowance for Loan Losses by Portfolio Segment |
The Company’s allowance for loans and recorded investment that are individually evaluated for credit losses and collectively evaluated for credit losses as of March 31, 2026 and December 31, 2025, are summarized in the following table by loan segment (dollars in thousands). Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
|
Commercial
&
Industrial |
|
|
Municipal |
|
|
Agricultural |
|
|
Construction
&
Development |
|
|
Farm |
|
|
Non-Owner
Occupied
CRE |
|
|
Owner
Occupied
CRE |
|
|
Residential |
|
|
Consumer Auto |
|
|
Consumer Non-Auto |
|
|
Total |
|
March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
11,340 |
|
|
$ |
130 |
|
|
$ |
337 |
|
|
$ |
2,635 |
|
|
$ |
176 |
|
|
$ |
2,819 |
|
|
$ |
7,852 |
|
|
$ |
5,870 |
|
|
$ |
6 |
|
|
$ |
3 |
|
|
$ |
31,168 |
|
Collectively evaluated |
|
|
9,375 |
|
|
|
122 |
|
|
|
2 |
|
|
|
14,979 |
|
|
|
2,312 |
|
|
|
11,050 |
|
|
|
16,484 |
|
|
|
20,074 |
|
|
|
1,850 |
|
|
|
502 |
|
|
|
76,750 |
|
Total ACL on loans |
|
$ |
20,715 |
|
|
$ |
252 |
|
|
$ |
339 |
|
|
$ |
17,614 |
|
|
$ |
2,488 |
|
|
$ |
13,869 |
|
|
$ |
24,336 |
|
|
$ |
25,944 |
|
|
$ |
1,856 |
|
|
$ |
505 |
|
|
$ |
107,918 |
|
Portfolio loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
35,435 |
|
|
$ |
8,980 |
|
|
$ |
1,787 |
|
|
$ |
23,998 |
|
|
$ |
6,905 |
|
|
$ |
39,498 |
|
|
$ |
66,380 |
|
|
$ |
103,006 |
|
|
$ |
2,837 |
|
|
$ |
933 |
|
|
$ |
289,759 |
|
Collectively evaluated |
|
|
1,114,496 |
|
|
|
375,493 |
|
|
|
75,796 |
|
|
|
1,145,039 |
|
|
|
322,246 |
|
|
|
786,273 |
|
|
|
1,065,734 |
|
|
|
2,219,091 |
|
|
|
748,446 |
|
|
|
142,747 |
|
|
|
7,995,361 |
|
Total portfolio loans |
|
$ |
1,149,931 |
|
|
$ |
384,473 |
|
|
$ |
77,583 |
|
|
$ |
1,169,037 |
|
|
$ |
329,151 |
|
|
$ |
825,771 |
|
|
$ |
1,132,114 |
|
|
$ |
2,322,097 |
|
|
$ |
751,283 |
|
|
$ |
143,680 |
|
|
$ |
8,285,120 |
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
8,267 |
|
|
$ |
— |
|
|
$ |
323 |
|
|
$ |
1,961 |
|
|
$ |
217 |
|
|
$ |
3,328 |
|
|
$ |
8,727 |
|
|
$ |
5,927 |
|
|
$ |
7 |
|
|
$ |
3 |
|
|
$ |
28,760 |
|
Collectively evaluated |
|
|
9,429 |
|
|
|
135 |
|
|
|
2 |
|
|
|
15,039 |
|
|
|
2,360 |
|
|
|
11,233 |
|
|
|
16,641 |
|
|
|
19,687 |
|
|
|
1,591 |
|
|
|
659 |
|
|
|
76,776 |
|
Total ACL on loans |
|
$ |
17,696 |
|
|
$ |
135 |
|
|
$ |
325 |
|
|
$ |
17,000 |
|
|
$ |
2,577 |
|
|
$ |
14,561 |
|
|
$ |
25,368 |
|
|
$ |
25,614 |
|
|
$ |
1,598 |
|
|
$ |
662 |
|
|
$ |
105,536 |
|
Portfolio loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
25,023 |
|
|
$ |
17 |
|
|
$ |
2,147 |
|
|
$ |
20,083 |
|
|
$ |
7,414 |
|
|
$ |
36,008 |
|
|
$ |
62,026 |
|
|
$ |
98,492 |
|
|
$ |
3,292 |
|
|
$ |
1,104 |
|
|
$ |
255,606 |
|
Collectively evaluated |
|
|
1,091,438 |
|
|
|
342,484 |
|
|
|
93,629 |
|
|
|
1,137,782 |
|
|
|
320,211 |
|
|
|
796,808 |
|
|
|
1,058,582 |
|
|
|
2,187,338 |
|
|
|
729,059 |
|
|
|
145,339 |
|
|
|
7,902,670 |
|
Total portfolio loans |
|
$ |
1,116,461 |
|
|
$ |
342,501 |
|
|
$ |
95,776 |
|
|
$ |
1,157,865 |
|
|
$ |
327,625 |
|
|
$ |
832,816 |
|
|
$ |
1,120,608 |
|
|
$ |
2,285,830 |
|
|
$ |
732,351 |
|
|
$ |
146,443 |
|
|
$ |
8,158,276 |
|
|
| Schedule of Company's Internal Ratings of its Loans Held-for-Investment, Including The Year of Origination, by Portfolio Segments |
The following table summarizes the Company’s loans held-for-investment by internal ratings, portfolio segments, and vintage year at March 31, 2026 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Revolving
Loans
Amortized
Cost Basis |
|
|
Total |
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
183,340 |
|
|
$ |
541,594 |
|
|
$ |
163,724 |
|
|
$ |
86,217 |
|
|
$ |
87,541 |
|
|
$ |
52,080 |
|
|
$ |
— |
|
|
$ |
1,114,496 |
|
Special mention |
|
|
1,235 |
|
|
|
1,738 |
|
|
|
734 |
|
|
|
200 |
|
|
|
38 |
|
|
|
104 |
|
|
|
— |
|
|
|
4,049 |
|
Substandard |
|
|
1,295 |
|
|
|
7,972 |
|
|
|
4,173 |
|
|
|
4,533 |
|
|
|
1,767 |
|
|
|
11,646 |
|
|
|
— |
|
|
|
31,386 |
|
Total |
|
$ |
185,870 |
|
|
$ |
551,304 |
|
|
$ |
168,631 |
|
|
$ |
90,950 |
|
|
$ |
89,346 |
|
|
$ |
63,830 |
|
|
$ |
— |
|
|
$ |
1,149,931 |
|
Municipal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
66,737 |
|
|
$ |
129,898 |
|
|
$ |
29,342 |
|
|
$ |
22,544 |
|
|
$ |
64,473 |
|
|
$ |
62,499 |
|
|
$ |
— |
|
|
$ |
375,493 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
725 |
|
|
|
8,255 |
|
|
|
— |
|
|
|
8,980 |
|
Total |
|
$ |
66,737 |
|
|
$ |
129,898 |
|
|
$ |
29,342 |
|
|
$ |
22,544 |
|
|
$ |
65,198 |
|
|
$ |
70,754 |
|
|
$ |
— |
|
|
$ |
384,473 |
|
Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
17,387 |
|
|
$ |
50,272 |
|
|
$ |
3,574 |
|
|
$ |
2,496 |
|
|
$ |
1,575 |
|
|
$ |
492 |
|
|
$ |
— |
|
|
$ |
75,796 |
|
Special mention |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
27 |
|
|
|
— |
|
|
|
— |
|
|
|
28 |
|
Substandard |
|
|
439 |
|
|
|
118 |
|
|
|
1,110 |
|
|
|
39 |
|
|
|
32 |
|
|
|
21 |
|
|
|
— |
|
|
|
1,759 |
|
Total |
|
$ |
17,826 |
|
|
$ |
50,391 |
|
|
$ |
4,684 |
|
|
$ |
2,535 |
|
|
$ |
1,634 |
|
|
$ |
513 |
|
|
$ |
— |
|
|
$ |
77,583 |
|
Construction & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
177,586 |
|
|
$ |
667,843 |
|
|
$ |
120,812 |
|
|
$ |
77,930 |
|
|
$ |
48,933 |
|
|
$ |
50,259 |
|
|
$ |
1,676 |
|
|
$ |
1,145,039 |
|
Special mention |
|
|
— |
|
|
|
4,687 |
|
|
|
— |
|
|
|
363 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,050 |
|
Substandard |
|
|
2,931 |
|
|
|
7,728 |
|
|
|
5,613 |
|
|
|
285 |
|
|
|
1,059 |
|
|
|
1,332 |
|
|
|
— |
|
|
|
18,948 |
|
Total |
|
$ |
180,517 |
|
|
$ |
680,258 |
|
|
$ |
126,425 |
|
|
$ |
78,578 |
|
|
$ |
49,992 |
|
|
$ |
51,591 |
|
|
$ |
1,676 |
|
|
$ |
1,169,037 |
|
Farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
29,408 |
|
|
$ |
86,102 |
|
|
$ |
50,442 |
|
|
$ |
27,399 |
|
|
$ |
55,080 |
|
|
$ |
73,815 |
|
|
$ |
— |
|
|
$ |
322,246 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
120 |
|
|
|
— |
|
|
|
80 |
|
|
|
— |
|
|
|
200 |
|
Substandard |
|
|
— |
|
|
|
489 |
|
|
|
335 |
|
|
|
379 |
|
|
|
3,512 |
|
|
|
1,990 |
|
|
|
— |
|
|
|
6,705 |
|
Total |
|
$ |
29,408 |
|
|
$ |
86,591 |
|
|
$ |
50,777 |
|
|
$ |
27,898 |
|
|
$ |
58,592 |
|
|
$ |
75,885 |
|
|
$ |
— |
|
|
$ |
329,151 |
|
Non-Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
43,550 |
|
|
$ |
167,560 |
|
|
$ |
118,090 |
|
|
$ |
43,780 |
|
|
$ |
227,267 |
|
|
$ |
186,026 |
|
|
$ |
— |
|
|
$ |
786,273 |
|
Special mention |
|
|
1,940 |
|
|
|
243 |
|
|
|
272 |
|
|
|
1,869 |
|
|
|
2,819 |
|
|
|
349 |
|
|
|
— |
|
|
|
7,492 |
|
Substandard |
|
|
470 |
|
|
|
6,966 |
|
|
|
3,881 |
|
|
|
2,431 |
|
|
|
2,221 |
|
|
|
16,037 |
|
|
|
— |
|
|
|
32,006 |
|
Total |
|
$ |
45,960 |
|
|
$ |
174,769 |
|
|
$ |
122,243 |
|
|
$ |
48,080 |
|
|
$ |
232,307 |
|
|
$ |
202,412 |
|
|
$ |
— |
|
|
$ |
825,771 |
|
Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
76,048 |
|
|
$ |
221,325 |
|
|
$ |
149,309 |
|
|
$ |
88,661 |
|
|
$ |
230,666 |
|
|
$ |
299,725 |
|
|
$ |
— |
|
|
$ |
1,065,734 |
|
Special mention |
|
|
1,999 |
|
|
|
1,648 |
|
|
|
9,607 |
|
|
|
649 |
|
|
|
961 |
|
|
|
3,712 |
|
|
|
— |
|
|
|
18,576 |
|
Substandard |
|
|
235 |
|
|
|
2,795 |
|
|
|
1,711 |
|
|
|
3,566 |
|
|
|
23,525 |
|
|
|
15,972 |
|
|
|
— |
|
|
|
47,804 |
|
Total |
|
$ |
78,282 |
|
|
$ |
225,768 |
|
|
$ |
160,627 |
|
|
$ |
92,876 |
|
|
$ |
255,152 |
|
|
$ |
319,409 |
|
|
$ |
— |
|
|
$ |
1,132,114 |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
131,784 |
|
|
$ |
456,973 |
|
|
$ |
369,851 |
|
|
$ |
280,921 |
|
|
$ |
299,559 |
|
|
$ |
447,164 |
|
|
$ |
232,839 |
|
|
$ |
2,219,091 |
|
Special mention |
|
|
— |
|
|
|
830 |
|
|
|
2,220 |
|
|
|
1,284 |
|
|
|
21,374 |
|
|
|
3,120 |
|
|
|
2,346 |
|
|
|
31,174 |
|
Substandard |
|
|
851 |
|
|
|
7,212 |
|
|
|
10,052 |
|
|
|
10,921 |
|
|
|
19,757 |
|
|
|
18,853 |
|
|
|
4,186 |
|
|
|
71,832 |
|
Total |
|
$ |
132,635 |
|
|
$ |
465,015 |
|
|
$ |
382,123 |
|
|
$ |
293,126 |
|
|
$ |
340,690 |
|
|
$ |
469,137 |
|
|
$ |
239,371 |
|
|
$ |
2,322,097 |
|
Consumer Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
110,120 |
|
|
$ |
334,846 |
|
|
$ |
185,268 |
|
|
$ |
55,119 |
|
|
$ |
51,387 |
|
|
$ |
11,706 |
|
|
$ |
— |
|
|
$ |
748,446 |
|
Special mention |
|
|
— |
|
|
|
14 |
|
|
|
— |
|
|
|
153 |
|
|
|
76 |
|
|
|
21 |
|
|
|
— |
|
|
|
264 |
|
Substandard |
|
|
— |
|
|
|
81 |
|
|
|
591 |
|
|
|
598 |
|
|
|
1,040 |
|
|
|
263 |
|
|
|
— |
|
|
|
2,573 |
|
Total |
|
$ |
110,120 |
|
|
$ |
334,941 |
|
|
$ |
185,859 |
|
|
$ |
55,870 |
|
|
$ |
52,503 |
|
|
$ |
11,990 |
|
|
$ |
— |
|
|
$ |
751,283 |
|
Consumer Non-Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
21,024 |
|
|
$ |
56,286 |
|
|
$ |
26,143 |
|
|
$ |
14,154 |
|
|
$ |
13,435 |
|
|
$ |
4,898 |
|
|
$ |
6,807 |
|
|
$ |
142,747 |
|
Special mention |
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
8 |
|
|
|
14 |
|
|
|
— |
|
|
|
31 |
|
Substandard |
|
|
— |
|
|
|
112 |
|
|
|
113 |
|
|
|
144 |
|
|
|
355 |
|
|
|
100 |
|
|
|
78 |
|
|
|
902 |
|
Total |
|
$ |
21,024 |
|
|
$ |
56,407 |
|
|
$ |
26,256 |
|
|
$ |
14,298 |
|
|
$ |
13,798 |
|
|
$ |
5,012 |
|
|
$ |
6,885 |
|
|
$ |
143,680 |
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
856,984 |
|
|
|
2,712,699 |
|
|
|
1,216,555 |
|
|
|
699,221 |
|
|
|
1,079,916 |
|
|
|
1,188,664 |
|
|
|
241,322 |
|
|
|
7,995,361 |
|
Special mention |
|
|
5,174 |
|
|
|
9,170 |
|
|
|
12,833 |
|
|
|
4,638 |
|
|
|
25,303 |
|
|
|
7,400 |
|
|
|
2,346 |
|
|
|
66,864 |
|
Substandard |
|
|
6,221 |
|
|
|
33,473 |
|
|
|
27,579 |
|
|
|
22,896 |
|
|
|
53,993 |
|
|
|
74,469 |
|
|
|
4,264 |
|
|
|
222,895 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Loans |
|
$ |
868,379 |
|
|
$ |
2,755,342 |
|
|
$ |
1,256,967 |
|
|
$ |
726,755 |
|
|
$ |
1,159,212 |
|
|
$ |
1,270,533 |
|
|
$ |
247,932 |
|
|
$ |
8,285,120 |
|
The following table summarizes the Company’s loans held-for-investment by internal ratings, portfolio segments, and vintage year at December 31, 2025 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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December 31, 2025 |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving
Loans
Amortized
Cost Basis |
|
|
Total |
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
638,287 |
|
|
$ |
188,647 |
|
|
$ |
100,264 |
|
|
$ |
94,870 |
|
|
$ |
33,180 |
|
|
$ |
36,190 |
|
|
$ |
— |
|
|
$ |
1,091,438 |
|
Special mention |
|
|
2,194 |
|
|
|
755 |
|
|
|
229 |
|
|
|
672 |
|
|
|
129 |
|
|
|
279 |
|
|
|
— |
|
|
|
4,258 |
|
Substandard |
|
|
10,064 |
|
|
|
4,356 |
|
|
|
4,677 |
|
|
|
1,437 |
|
|
|
170 |
|
|
|
61 |
|
|
|
— |
|
|
|
20,765 |
|
Total |
|
$ |
650,545 |
|
|
$ |
193,758 |
|
|
$ |
105,170 |
|
|
$ |
96,979 |
|
|
$ |
33,479 |
|
|
$ |
36,530 |
|
|
$ |
— |
|
|
$ |
1,116,461 |
|
Municipal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
143,286 |
|
|
$ |
31,910 |
|
|
$ |
22,971 |
|
|
$ |
70,735 |
|
|
$ |
9,760 |
|
|
$ |
63,822 |
|
|
$ |
— |
|
|
$ |
342,484 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
17 |
|
Total |
|
$ |
143,286 |
|
|
$ |
31,910 |
|
|
$ |
22,971 |
|
|
$ |
70,735 |
|
|
$ |
9,760 |
|
|
$ |
63,839 |
|
|
$ |
— |
|
|
$ |
342,501 |
|
Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
82,964 |
|
|
$ |
4,915 |
|
|
$ |
2,944 |
|
|
$ |
2,287 |
|
|
$ |
440 |
|
|
$ |
79 |
|
|
$ |
— |
|
|
$ |
93,629 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
34 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
34 |
|
Substandard |
|
|
683 |
|
|
|
1,174 |
|
|
|
48 |
|
|
|
32 |
|
|
|
156 |
|
|
|
20 |
|
|
|
— |
|
|
|
2,113 |
|
Total |
|
$ |
83,647 |
|
|
$ |
6,089 |
|
|
$ |
2,992 |
|
|
$ |
2,353 |
|
|
$ |
596 |
|
|
$ |
99 |
|
|
$ |
— |
|
|
$ |
95,776 |
|
Construction & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
763,232 |
|
|
$ |
177,570 |
|
|
$ |
86,079 |
|
|
$ |
54,158 |
|
|
$ |
43,936 |
|
|
$ |
11,484 |
|
|
$ |
1,323 |
|
|
$ |
1,137,782 |
|
Special mention |
|
|
1,490 |
|
|
|
— |
|
|
|
368 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,858 |
|
Substandard |
|
|
9,869 |
|
|
|
5,567 |
|
|
|
538 |
|
|
|
893 |
|
|
|
1,274 |
|
|
|
84 |
|
|
|
— |
|
|
|
18,225 |
|
Total |
|
$ |
774,591 |
|
|
$ |
183,137 |
|
|
$ |
86,985 |
|
|
$ |
55,051 |
|
|
$ |
45,210 |
|
|
$ |
11,568 |
|
|
$ |
1,323 |
|
|
$ |
1,157,865 |
|
Farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
91,475 |
|
|
$ |
57,560 |
|
|
$ |
31,535 |
|
|
$ |
56,390 |
|
|
$ |
52,887 |
|
|
$ |
30,364 |
|
|
$ |
— |
|
|
$ |
320,211 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
317 |
|
|
|
193 |
|
|
|
— |
|
|
|
510 |
|
Substandard |
|
|
824 |
|
|
|
350 |
|
|
|
382 |
|
|
|
3,541 |
|
|
|
394 |
|
|
|
1,413 |
|
|
|
— |
|
|
|
6,904 |
|
Total |
|
$ |
92,299 |
|
|
$ |
57,910 |
|
|
$ |
31,917 |
|
|
$ |
59,931 |
|
|
$ |
53,598 |
|
|
$ |
31,970 |
|
|
$ |
— |
|
|
$ |
327,625 |
|
Non-Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
176,298 |
|
|
$ |
133,099 |
|
|
$ |
55,849 |
|
|
$ |
234,494 |
|
|
$ |
108,478 |
|
|
$ |
88,590 |
|
|
$ |
— |
|
|
$ |
796,808 |
|
Special mention |
|
|
— |
|
|
|
274 |
|
|
|
1,867 |
|
|
|
3,651 |
|
|
|
3,164 |
|
|
|
654 |
|
|
|
— |
|
|
|
9,610 |
|
Substandard |
|
|
7,030 |
|
|
|
— |
|
|
|
2,498 |
|
|
|
919 |
|
|
|
13,262 |
|
|
|
2,689 |
|
|
|
— |
|
|
|
26,398 |
|
Total |
|
$ |
183,328 |
|
|
$ |
133,373 |
|
|
$ |
60,214 |
|
|
$ |
239,064 |
|
|
$ |
124,904 |
|
|
$ |
91,933 |
|
|
$ |
— |
|
|
$ |
832,816 |
|
Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
224,659 |
|
|
$ |
163,786 |
|
|
$ |
96,918 |
|
|
$ |
244,128 |
|
|
$ |
151,923 |
|
|
$ |
177,168 |
|
|
$ |
— |
|
|
$ |
1,058,582 |
|
Special mention |
|
|
1,666 |
|
|
|
9,690 |
|
|
|
654 |
|
|
|
1,261 |
|
|
|
3,974 |
|
|
|
154 |
|
|
|
— |
|
|
|
17,399 |
|
Substandard |
|
|
618 |
|
|
|
1,906 |
|
|
|
1,394 |
|
|
|
24,587 |
|
|
|
7,307 |
|
|
|
8,815 |
|
|
|
— |
|
|
|
44,627 |
|
Total |
|
$ |
226,943 |
|
|
$ |
175,382 |
|
|
$ |
98,966 |
|
|
$ |
269,976 |
|
|
$ |
163,204 |
|
|
$ |
186,137 |
|
|
$ |
— |
|
|
$ |
1,120,608 |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
489,167 |
|
|
$ |
385,921 |
|
|
$ |
297,128 |
|
|
$ |
311,207 |
|
|
$ |
214,343 |
|
|
$ |
260,915 |
|
|
$ |
228,657 |
|
|
$ |
2,187,338 |
|
Special mention |
|
|
1,360 |
|
|
|
2,042 |
|
|
|
1,367 |
|
|
|
21,638 |
|
|
|
1,960 |
|
|
|
1,233 |
|
|
|
2,346 |
|
|
|
31,946 |
|
Substandard |
|
|
4,958 |
|
|
|
9,400 |
|
|
|
9,420 |
|
|
|
20,245 |
|
|
|
5,218 |
|
|
|
13,310 |
|
|
|
3,995 |
|
|
|
66,546 |
|
Total |
|
$ |
495,485 |
|
|
$ |
397,363 |
|
|
$ |
307,915 |
|
|
$ |
353,090 |
|
|
$ |
221,521 |
|
|
$ |
275,458 |
|
|
$ |
234,998 |
|
|
$ |
2,285,830 |
|
Consumer Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
371,849 |
|
|
$ |
212,013 |
|
|
$ |
65,985 |
|
|
$ |
62,910 |
|
|
$ |
14,234 |
|
|
$ |
2,068 |
|
|
$ |
— |
|
|
$ |
729,059 |
|
Special mention |
|
|
41 |
|
|
|
61 |
|
|
|
189 |
|
|
|
85 |
|
|
|
27 |
|
|
|
6 |
|
|
|
— |
|
|
|
409 |
|
Substandard |
|
|
75 |
|
|
|
607 |
|
|
|
692 |
|
|
|
1,213 |
|
|
|
272 |
|
|
|
24 |
|
|
|
— |
|
|
|
2,883 |
|
Total |
|
$ |
371,965 |
|
|
$ |
212,681 |
|
|
$ |
66,866 |
|
|
$ |
64,208 |
|
|
$ |
14,533 |
|
|
$ |
2,098 |
|
|
$ |
— |
|
|
$ |
732,351 |
|
Consumer Non-Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
69,838 |
|
|
$ |
30,450 |
|
|
$ |
16,321 |
|
|
$ |
15,397 |
|
|
$ |
5,408 |
|
|
$ |
1,038 |
|
|
$ |
6,887 |
|
|
$ |
145,339 |
|
Special mention |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
16 |
|
|
|
— |
|
|
|
34 |
|
Substandard |
|
|
212 |
|
|
|
97 |
|
|
|
236 |
|
|
|
396 |
|
|
|
100 |
|
|
|
14 |
|
|
|
15 |
|
|
|
1,070 |
|
Total |
|
$ |
70,059 |
|
|
$ |
30,547 |
|
|
$ |
16,557 |
|
|
$ |
15,802 |
|
|
$ |
5,508 |
|
|
$ |
1,068 |
|
|
$ |
6,902 |
|
|
$ |
146,443 |
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
3,051,055 |
|
|
|
1,385,871 |
|
|
|
775,994 |
|
|
|
1,146,576 |
|
|
|
634,589 |
|
|
|
671,718 |
|
|
|
236,867 |
|
|
|
7,902,670 |
|
Special mention |
|
|
6,760 |
|
|
|
12,822 |
|
|
|
4,674 |
|
|
|
27,350 |
|
|
|
9,571 |
|
|
|
2,535 |
|
|
|
2,346 |
|
|
|
66,058 |
|
Substandard |
|
|
34,333 |
|
|
|
23,457 |
|
|
|
19,885 |
|
|
|
53,263 |
|
|
|
28,153 |
|
|
|
26,447 |
|
|
|
4,010 |
|
|
|
189,548 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Loans |
|
$ |
3,092,148 |
|
|
$ |
1,422,150 |
|
|
$ |
800,553 |
|
|
$ |
1,227,189 |
|
|
$ |
672,313 |
|
|
$ |
700,700 |
|
|
$ |
243,223 |
|
|
$ |
8,158,276 |
|
|