v3.26.1
LOANS RECEIVABLE AND THE ALLOWANCE FOR CREDIT LOSSES
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES
The following table presents the loans receivable at March 31, 2026 and December 31, 2025 by class (dollars in thousands).
 March 31, 2026December 31, 2025
 AmountPercent of TotalAmountPercent of Total
Commercial real estate:    
Owner-occupied$1,176,035 10 %$1,138,298 10 %
Investment properties1,719,220 15 1,701,413 15 
Small balance CRE1,218,388 10 1,212,357 10 
Multifamily real estate798,230 7 850,789 7 
Construction, land and land development:
Commercial construction174,761 2 156,021 1 
Multifamily construction502,166 4 514,330 5 
One- to four-family construction617,233 5 607,447 5 
Land and land development400,959 3 433,678 4 
Commercial business:
Commercial business
1,231,154 11 1,225,108 11 
Small business scored1,199,913 10 1,187,360 10 
Agricultural business, including secured by farmland332,440 3 353,152 3 
One- to four-family residential1,563,088 13 1,573,191 13 
Consumer:
Consumer—home equity revolving lines of credit
682,692 6 679,489 5 
Consumer—other91,347 1 89,054 1 
Total loans11,707,626 100 %11,721,687 100 %
Less allowance for credit losses – loans(160,352) (160,276) 
Net loans$11,547,274  $11,561,411  

Loan amounts are net of unearned loan fees in excess of unamortized costs of $16.3 million as of March 31, 2026, and $16.5 million as of December 31, 2025. Net loans include net discounts on acquired loans of $2.1 million and $2.4 million as of March 31, 2026 and December 31, 2025, respectively. Net loans does not include accrued interest receivable. Accrued interest receivable on loans was $51.5 million as of March 31, 2026, and $48.2 million as of December 31, 2025 and was reported in accrued interest receivable on the Consolidated Statements of Financial Condition.

The Company had pledged $8.4 billion and $8.2 billion of loans as collateral for FHLB and other borrowings at March 31, 2026 and December 31, 2025, respectively.
Troubled Loan Modifications. Occasionally, the Company offers modifications of loans to borrowers experiencing financial difficulty by providing principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions or any combination of these. The following table presents the amortized cost basis and financial effect of loans at March 31, 2026 and March 31, 2025, that were both experiencing financial difficulty and modified during the three months ended March 31, 2026 and March 31, 2025, respectively (in thousands).
 
March 31, 2026
Interest Rate ReductionCombination Term Extension and Interest Rate ReductionTotal
Multifamily construction$— $3,600 $3,600 
One- to four-family construction460 — 460 
Land and land development1,352 2,340 3,692 
Total$1,812 $5,940 $7,752 
 March 31, 2025
Term ExtensionTotal
One- to four-family construction$1,810 $1,810 
Land and land development3,280 3,280 
Total$5,090 $5,090 

The Company has committed to lend additional amounts totaling $1.1 million to the borrowers included in the previous table as of March 31, 2026. The Company closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.

The following tables present the performance at March 31, 2026 and March 31, 2025 of loans that had been modified in the previous 12 months (in thousands).
 March 31, 2026
 30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueNonaccrualTotal
One- to four-family construction$1,482 $— $— $— $1,482 
Total$1,482 $— $— $— $1,482 
 March 31, 2025
 30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueNonaccrualTotal
Commercial business$— $— $— $1,183 $1,183 
Total$— $— $— $1,183 $1,183 

Loans are considered to be in payment default when they are 90 days or more past due. There were no modified loans that experienced a subsequent default within twelve months of the modification date during the three months ended March 31, 2026 or March 31, 2025.

The following table presents the financial effect of the loan modifications presented above for borrowers experiencing financial difficulty for the three months ended March 31, 2026 and March 31, 2025:
 Three Months Ended March 31, 2026
 Weighted-Average Interest Rate ReductionWeighted-Average Term Extension (in months)
Multifamily construction(1.50)%6
One- to four-family construction(1.50)%n/a
Land and land development(1.50)%5

Three Months Ended March 31, 2025
Weighted-Average Term Extension (in months)
One- to four-family construction3
Land and land development6
Credit Quality Indicators:  To appropriately and effectively manage the ongoing credit quality of the Company’s loan portfolio, Management has implemented a risk-rating or loan grading system for its loans.  The system is a tool to evaluate portfolio asset quality throughout each applicable loan’s life as an asset of the Company.  Generally, loans are risk rated on an aggregate borrower/relationship basis with individual loans sharing similar ratings.  There are some instances when specific situations relating to individual loans will provide the basis for different risk ratings within the aggregate relationship.  Loans are graded on a scale of 1 to 9.  A description of the general characteristics of these categories is shown below.

Overall Risk Rating Definitions:  Risk-ratings contain both qualitative and quantitative measurements and take into account the financial strength of a borrower and the structure of the loan.  Consequently, the definitions are to be applied in the context of each lending transaction and judgment must also be used to determine the appropriate risk rating, as it is not unusual for a loan to exhibit characteristics of more than one risk-rating category.  Consideration for the final rating is centered in the borrower’s ability to repay, in a timely fashion, both principal and interest.  The Company’s risk-rating and loan grading policies are reviewed and approved annually. There were no material changes in the risk-rating or loan grading system for the periods presented.

Risk Ratings 1-5: Pass
Credits with risk ratings of 1 to 5 meet the definition of a pass risk rating. The strength of credits varies within the pass risk ratings, ranging from a risk rated 1 being an exceptional credit to a risk rated 5 being an acceptable credit that requires a more than normal level of supervision.

Risk Rating 6: Special Mention
A credit with potential weaknesses that deserves Management’s close attention is risk rated a 6.  If left uncorrected, these potential weaknesses will result in deterioration in the capacity to repay debt.  A key distinction between Special Mention and Substandard is that in a Special Mention credit, there are identified weaknesses that pose potential risk(s) to the repayment sources, versus well defined weaknesses that pose risk(s) to the repayment sources.  Assets in this category are expected to be in this category no more than 9-12 months as the potential weaknesses in the credit are resolved.

Risk Rating 7: Substandard
A credit with well-defined weaknesses that jeopardize the ability to repay in full is risk rated a 7.  These credits are inadequately protected by either the sound net worth and payment capacity of the borrower or the value of pledged collateral.  These are credits with a distinct possibility of loss.  Loans headed for foreclosure and/or legal action due to deterioration are rated 7 or worse.

Risk Rating 8: Doubtful
A credit with an extremely high probability of loss is risk rated 8.  These credits have all the same critical weaknesses that are found in a substandard loan; however, the weaknesses are elevated to the point that based upon current information, collection or liquidation in full is improbable.  While some loss on doubtful credits is expected, pending events may make the amount and timing of any loss indeterminable.  In these situations, taking the loss is inappropriate until the outcome of the pending event is clear.

Risk Rating 9: Loss
A credit that is considered to be currently uncollectible or of such little value that it is no longer a viable bank asset is risk rated 9.  Losses should be taken in the accounting period in which the credit is determined to be uncollectible.  Taking a loss does not mean that a credit has absolutely no recovery or salvage value but, rather, it is not practical or desirable to defer writing off the credit, even though partial recovery may occur in the future.
The following tables present the Company’s portfolio of risk-rated loans by class and by grade as of March 31, 2026 and December 31, 2025 (in thousands). In addition, the tables include the gross charge-offs for the three months ended March 31, 2026 and the year ended December 31, 2025. Revolving loans that are converted to term loans are treated as new originations in the tables below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.
March 31, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Commercial real estate - owner occupied
Risk Rating
Pass$125,590 $179,836 $173,370 $159,303 $114,181 $333,166 $55,533 $1,140,979 
Special Mention— — 556 — — 3,838 — 4,394 
Substandard— 12,349 — — 9,244 9,069 — 30,662 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - owner occupied$125,590 $192,185 $173,926 $159,303 $123,425 $346,073 $55,533 $1,176,035 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial real estate - investment properties
Risk Rating
Pass$90,470 $271,697 $101,996 $130,501 $204,671 $842,296 $60,084 $1,701,715 
Special Mention— — — — — 13,545 — 13,545 
Substandard— — — — — 3,960 — 3,960 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - investment properties$90,470 $271,697 $101,996 $130,501 $204,671 $859,801 $60,084 $1,719,220 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Multifamily real estate
Risk Rating
Pass$32,449 $29,353 $64,752 $86,832 $195,561 $384,579 $2,682 $796,208 
Special Mention— — — — — — — — 
Substandard— — — — — 2,022 — 2,022 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily real estate$32,449 $29,353 $64,752 $86,832 $195,561 $386,601 $2,682 $798,230 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
March 31, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Commercial construction
Risk Rating
Pass$3,862 $76,846 $37,746 $33,167 $22,402 $— $— $174,023 
Special Mention— — — — — — — — 
Substandard— — — — — 738 — 738 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial construction$3,862 $76,846 $37,746 $33,167 $22,402 $738 $— $174,761 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Multifamily construction
Risk Rating
Pass$37,072 $184,180 $160,141 $87,601 $— $— $9,333 $478,327 
Special Mention— — — — — — — — 
Substandard3,600 20,239 — — — — — 23,839 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily construction$40,672 $204,419 $160,141 $87,601 $— $— $9,333 $502,166 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
One- to four- family construction
Risk Rating
Pass$147,505 $393,292 $47,620 $— $— $— $21,067 $609,484 
Special Mention— — — — — — — — 
Substandard1,942 5,069 — 738 — — — 7,749 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total One- to four- family construction$149,447 $398,361 $47,620 $738 $— $— $21,067 $617,233 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
March 31, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Land and land development
Risk Rating
Pass$58,137 $164,785 $82,156 $29,257 $22,968 $33,306 $4,230 $394,839 
Special Mention— — — — — — — — 
Substandard3,692 — 468 130 1,016 814 — 6,120 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Land and land development$61,829 $164,785 $82,624 $29,387 $23,984 $34,120 $4,230 $400,959 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial business
Risk Rating
Pass$14,548 $208,011 $77,265 $78,739 $121,946 $312,227 $318,908 $1,131,644 
Special Mention— 480 — — — — 36,049 36,529 
Substandard2,850 75 1,383 2,700 1,378 3,819 50,776 62,981 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial business$17,398 $208,566 $78,648 $81,439 $123,324 $316,046 $405,733 $1,231,154 
Current period gross charge-offs$— $— $— $— $6 $5 $275 $286 
Agricultural business, including secured by farmland
Risk Rating
Pass$8,792 $33,776 $12,608 $33,301 $20,440 $78,708 $110,135 $297,760 
Special Mention— — — — — 1,393 — 1,393 
Substandard— 530 — 4,445 8,319 11,682 8,311 33,287 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Agricultural business, including secured by farmland$8,792 $34,306 $12,608 $37,746 $28,759 $91,783 $118,446 $332,440 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Commercial real estate - owner occupied
Risk Rating
Pass$199,049 $205,626 $171,690 $105,779 $135,162 $226,813 $61,016 $1,105,135 
Special Mention— 558 — 9,603 — 2,806 — 12,967 
Substandard— — 288 8,534 — 11,374 — 20,196 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - owner occupied$199,049 $206,184 $171,978 $123,916 $135,162 $240,993 $61,016 $1,138,298 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Commercial real estate - investment properties
Risk Rating
Pass$296,157 $106,127 $131,328 $209,997 $241,372 $642,420 $63,376 $1,690,777 
Special Mention— — — — — 6,652 — 6,652 
Substandard— — — — — 3,984 — 3,984 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - investment properties$296,157 $106,127 $131,328 $209,997 $241,372 $653,056 $63,376 $1,701,413 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Multifamily real estate
Risk Rating
Pass$44,775 $89,961 $89,370 $233,563 $168,171 $221,236 $1,671 $848,747 
Special Mention— — — — — — — — 
Substandard— — — — — 2,042 — 2,042 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily real estate$44,775 $89,961 $89,370 $233,563 $168,171 $223,278 $1,671 $850,789 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Commercial construction
Risk Rating
Pass$61,803 $36,567 $35,243 $21,666 $— $— $— $155,279 
Special Mention— — — — — — — — 
Substandard— — — — 742 — — 742 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial construction$61,803 $36,567 $35,243 $21,666 $742 $— $— $156,021 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Multifamily construction
Risk Rating
Pass$190,491 $180,871 $109,466 $— $— $— $9,126 $489,954 
Special Mention5,100 — — — — — — 5,100 
Substandard19,276 — — — — — — 19,276 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily construction$214,867 $180,871 $109,466 $— $— $— $9,126 $514,330 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
One- to four- family construction
Risk Rating
Pass$494,781 $82,237 $— $— $— $— $22,919 $599,937 
Special Mention2,381 — — — — — — 2,381 
Substandard4,391 — 738 — — — — 5,129 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total One- to four- family construction$501,553 $82,237 $738 $— $— $— $22,919 $607,447 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Land and land development
Risk Rating
Pass$223,638 $104,496 $31,388 $23,470 $18,588 $16,033 $7,156 $424,769 
Special Mention4,472 — — — — — — 4,472 
Substandard638 468 1,338 1,286 99 608 — 4,437 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Land and land development$228,748 $104,964 $32,726 $24,756 $18,687 $16,641 $7,156 $433,678 
Gross charge-offs for the year ended December 31, 2025
$218 $— $— $— $— $— $— $218 
Commercial business
Risk Rating
Pass$206,830 $114,469 $82,152 $126,537 $68,700 $252,020 $290,225 $1,140,933 
Special Mention— — — 213 — — 44,672 44,885 
Substandard17,131 2,648 2,498 1,264 901 3,357 11,491 39,290 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial business$223,961 $117,117 $84,650 $128,014 $69,601 $255,377 $346,388 $1,225,108 
Gross charge-offs for the year ended December 31, 2025
$— $1,941 $908 $— $18 $164 $567 $3,598 
Agricultural business, including secured by farmland
Risk Rating
Pass$17,455 $12,989 $34,593 $20,096 $21,745 $58,558 $142,528 $307,964 
Special Mention388 — — 648 — 3,289 319 4,644 
Substandard6,289 74 4,445 8,424 1,560 11,565 8,187 40,544 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Agricultural business, including secured by farmland$24,132 $13,063 $39,038 $29,168 $23,305 $73,412 $151,034 $353,152 
Gross charge-offs for the year ended December 31, 2025
$— $— $730 $361 $— $1,325 $— $2,416 
The following tables present the Company’s portfolio of non-risk-rated loans by class and delinquency status as of March 31, 2026 and December 31, 2025 (in thousands). In addition, the tables include the gross charge-offs for the three months ended March 31, 2026 and the year ended December 31, 2025. Revolving loans that are converted to term loans are treated as new originations in the tables below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.
March 31, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Small balance CRE
Past Due Category
Current$37,679 $101,245 $73,902 $85,006 $194,895 $721,800 $— $1,214,527 
30-59 Days Past Due— — — — 1,885 978 — 2,863 
60-89 Days Past Due— — — — — — — — 
90 Days + Past Due— — — 62 — 936 — 998 
Total Small balance CRE$37,679 $101,245 $73,902 $85,068 $196,780 $723,714 $— $1,218,388 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Small business scored
Past Due Category
Current$56,020 $220,766 $178,938 $139,880 $194,109 $265,343 $138,017 $1,193,073 
30-59 Days Past Due— 24 648 614 1,448 825 464 4,023 
60-89 Days Past Due— 8 101 75 17 75 83 359 
90 Days + Past Due— — — 777 1,401 280 — 2,458 
Total Small business scored$56,020 $220,798 $179,687 $141,346 $196,975 $266,523 $138,564 $1,199,913 
Current period gross charge-offs$— $10 $10 $349 $158 $50 $— $577 
One- to four- family residential
Past Due Category
Current$35,893 $100,334 $185,143 $273,288 $486,463 $446,160 $— $1,527,281 
30-59 Days Past Due— 947 2,801 3,629 4,022 3,059 — 14,458 
60-89 Days Past Due— — 2,460 1,652 — 1,303 — 5,415 
90 Days + Past Due— 357 2,169 2,354 5,022 6,032 — 15,934 
Total One- to four- family residential$35,893 $101,638 $192,573 $280,923 $495,507 $456,554 $— $1,563,088 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
March 31, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Consumer—home equity revolving lines of credit
Past Due Category
Current$3,110 $1,357 $1,682 $2,854 $6,926 $12,107 $648,206 $676,242 
30-59 Days Past Due— — 86 391 761 693 1,525 3,456 
60-89 Days Past Due— — — 1 189 96 — 286 
90 Days + Past Due— — 100 678 276 1,654 — 2,708 
Total Consumer—home equity revolving lines of credit$3,110 $1,357 $1,868 $3,924 $8,152 $14,550 $649,731 $682,692 
Current period gross charge-offs$— $— $— $— $— $45 $— $45 
Consumer-other
Past Due Category
Current$2,503 $10,550 $5,115 $3,592 $19,492 $24,551 $25,187 $90,990 
30-59 Days Past Due— — — 13 30 38 74 155 
60-89 Days Past Due— 1 — — — 135 66 202 
90 Days + Past Due— — — — — — — — 
Total Consumer-other$2,503 $10,551 $5,115 $3,605 $19,522 $24,724 $25,327 $91,347 
Current period gross charge-offs$— $36 $26 $43 $65 $101 $290 $561 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Small balance CRE
Past Due Category
Current$103,382 $72,801 $85,106 $198,097 $206,554 $543,983 $— $1,209,923 
30-59 Days Past Due— — — 1,283 — 113 — 1,396 
60-89 Days Past Due— — — — — 513 — 513 
90 Days + Past Due— — 66 — 459 — — 525 
Total Small balance CRE$103,382 $72,801 $85,172 $199,380 $207,013 $544,609 $— $1,212,357 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Small business scored
Past Due Category
Current$228,509 $185,753 $146,606 $201,580 $125,471 $152,648 $140,156 $1,180,723 
30-59 Days Past Due53 122 122 2,394 195 1,403 167 4,456 
60-89 Days Past Due131 — 135 353 6 — 152 777 
90 Days + Past Due— — 532 239 226 407 — 1,404 
Total Small business scored$228,693 $185,875 $147,395 $204,566 $125,898 $154,458 $140,475 $1,187,360 
Gross charge-offs for the year ended December 31, 2025
$75 $181 $862 $623 $149 $60 $— $1,950 
One- to four- family residential
Past Due Category
Current$111,613 $193,605 $281,207 $496,857 $225,148 $230,488 $— $1,538,918 
30-59 Days Past Due— 1,695 3,034 2,228 1,325 1,433 — 9,715 
60-89 Days Past Due— 1,911 — 1,315 453 1,455 — 5,134 
90 Days + Past Due357 4,170 3,079 5,022 4,421 2,375 — 19,424 
Total One- to four- family residential$111,970 $201,381 $287,320 $505,422 $231,347 $235,751 $— $1,573,191 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $13 $— $13 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Consumer—home equity revolving lines of credit
Past Due Category
Current$3,526 $2,138 $2,781 $6,796 $2,719 $8,126 $646,536 $672,622 
30-59 Days Past Due— — 360 908 536 160 1,853 3,817 
60-89 Days Past Due— — 208 345 — 300 — 853 
90 Days + Past Due— 100 669 345 — 1,083 — 2,197 
Total Consumer—home equity revolving lines of credit$3,526 $2,238 $4,018 $8,394 $3,255 $9,669 $648,389 $679,489 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Consumer-other
Past Due Category
Current$11,532 $5,810 $3,783 $20,899 $6,145 $19,294 $21,054 $88,517 
30-59 Days Past Due— 6 45 31 — 94 151 327 
60-89 Days Past Due— 11 10 — 10 17 77 125 
90 Days + Past Due— — — 51 — 34 — 85 
Total Consumer-other$11,532 $5,827 $3,838 $20,981 $6,155 $19,439 $21,282 $89,054 
Gross charge-offs for the year ended December 31, 2025
$21 $18 $57 $89 $50 $189 $1,195 $1,619 
The following tables provide the amortized cost basis of collateral-dependent loans as of March 31, 2026 and December 31, 2025 (in thousands). Our collateral dependent loans presented in the tables below have no significant concentrations by property type or location.
 March 31, 2026
Real EstateEquipmentInventoryTotal
Commercial real estate:  
Owner-occupied$797 $49 $183 $1,029 
Small balance CRE460 — — 460 
Construction, land and land development:
One- to four-family construction2,006 — — 2,006 
Land and land development230 — — 230 
Commercial business
Commercial business1,046 — — 1,046 
Small business scored239 — — 239 
Agricultural business, including secured by farmland
3,966 1,491 — 5,457 
One- to four-family residential11,525 — — 11,525 
Consumer:
Consumer—home equity revolving lines of credit 247 — — 247 
Total$20,516 $1,540 $183 $22,239 

 December 31, 2025
Real EstateEquipmentInventoryTotal
Commercial real estate:  
Small balance CRE$460 $— $— $460 
Construction, land and land development:
One- to four-family construction2,006 — — 2,006 
Land and land development1,970 — — 1,970 
Commercial business
Commercial business715 — 1,460 2,175 
Small business scored239 — — 239 
Agricultural business, including secured by farmland
3,064 1,491 — 4,555 
One- to four-family residential12,466 — — 12,466 
Consumer:
Consumer—home equity revolving lines of credit 252 — — 252 
Total$21,172 $1,491 $1,460 $24,123 
The following tables provide additional detail on the age analysis of the Company’s past due loans as of March 31, 2026 and December 31, 2025 (in thousands):
 March 31, 2026
 30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More
Past Due		Total
Past Due		CurrentTotal LoansNon-accrual with no Allowance
Total Non-accrual (1)
Loans 90 Days or More Past Due and Accruing
Commercial real estate:       
Owner-occupied$— $— $1,029 $1,029 $1,175,006 $1,176,035 $1,029 $1,029 $— 
Investment properties— — — — 1,719,220 1,719,220 — — — 
Small balance CRE2,863 — 998 3,861 1,214,527 1,218,388 459 998 — 
Multifamily real estate— — — — 798,230 798,230 — — — 
Construction, land and land development:
Commercial construction— — — — 174,761 174,761 — — — 
Multifamily construction— — — — 502,166 502,166 — — — 
One- to four-family construction2,047 — 2,006 4,053 613,180 617,233 2,006 2,006 — 
Land and land development834 — 1,448 2,282 398,677 400,959 230 2,315 — 
Commercial business:
Commercial business329 53 1,537 1,919 1,229,235 1,231,154 1,048 2,476 — 
Small business scored4,023 359 2,458 6,840 1,193,073 1,199,913 239 4,512 — 
Agricultural business, including secured by farmland
206 433 2,395 3,034 329,406 332,440 2,544 5,511 — 
One- to four-family residential14,458 5,415 15,934 35,807 1,527,281 1,563,088 10,234 20,945 636 
Consumer:
Consumer—home equity revolving lines of credit3,456 286 2,708 6,450 676,242 682,692 247 4,214 795 
Consumer—other155 202 — 357 90,990 91,347 — — — 
Total$28,371 $6,748 $30,513 $65,632 $11,641,994 $11,707,626 $18,036 $44,006 $1,431 

(1)     The Company did not recognize any interest income on non-accrual loans during the three months ended March 31, 2026.
 December 31, 2025
 30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More
Past Due		Total
Past Due		CurrentTotal LoansNon-accrual with no Allowance
Total Non-accrual (1)
Loans 90 Days or More Past Due and Accruing
Commercial real estate:       
Owner-occupied$260 $— $— $260 $1,138,038 $1,138,298 $— $— $— 
Investment properties— — — — 1,701,413 1,701,413 — — — 
Small balance CRE1,396 513 525 2,434 1,209,923 1,212,357 459 525 — 
Multifamily real estate— — — — 850,789 850,789 — — — 
Construction, land and land development:
Commercial construction— — — — 156,021 156,021 — — — 
Multifamily construction— — — — 514,330 514,330 — — — 
One- to four-family construction289 — 2,007 2,296 605,151 607,447 738 738 1,268 
Land and land development623 517 3,298 4,438 429,240 433,678 1,970 4,437 — 
Commercial business:
Commercial business992 — 2,813 3,805 1,221,303 1,225,108 716 3,390 — 
Small business scored4,456 777 1,404 6,637 1,180,723 1,187,360 239 3,361 — 
Agricultural business, including secured by farmland
— — 1,546 1,546 351,606 353,152 1,490 4,609 — 
One-to four-family residential9,715 5,134 19,424 34,273 1,538,918 1,573,191 10,272 19,855 2,698 
Consumer:
Consumer—home equity revolving lines of credit3,817 853 2,197 6,867 672,622 679,489 252 4,559 114 
Consumer—other327 125 85 537 88,517 89,054 — 51 34 
Total$21,875 $7,919 $33,299 $63,093 $11,658,594 $11,721,687 $16,136 $41,525 $4,114 

(1)     The Company did not recognize any interest income on non-accrual loans during the year ended December 31, 2025.
The following tables provide the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2026 and 2025 (in thousands):
 For the Three Months Ended March 31, 2026
 Commercial Real EstateMultifamily Real EstateConstruction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerTotal
Allowance for credit losses - loans:        
Beginning balance$41,599 $9,805 $35,508 $37,785 $5,567 $19,552 $10,460 $160,276 
Provision/(recapture) for credit losses178 (604)(923)2,449 (641)75 758 1,292 
Recoveries11 — 4 81 4 13 140 253 
Charge-offs— — — (863)— — (606)(1,469)
Ending balance$41,788 $9,201 $34,589 $39,452 $4,930 $19,640 $10,752 $160,352 

 For the Three Months Ended March 31, 2025
 Commercial Real EstateMultifamily Real EstateConstruction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerTotal
Allowance for credit losses - loans:        
Beginning balance$40,830 $10,308 $29,038 $38,611 $5,727 $20,807 $10,200 $155,521 
(Recapture)/provision for credit losses(811)(199)3,004 2,798 (96)(230)83 4,549 
Recoveries57 — — 557 10 188 119 931 
Charge-offs— — — (3,301)— (13)(364)(3,678)
Ending balance$40,076 $10,109 $32,042 $38,665 $5,641 $20,752 $10,038 $157,323