v3.26.1
Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2026
Credit Loss [Abstract]  
Allowance for Credit Losses

Note 5: Allowance for Credit Losses

As management evaluates the allowance for credit losses, it is categorized based on specific allocations and general allocations for each major loan category for loans not individually evaluated or deemed collateral-dependent or classified, segmented by loan class based on historical loss experience and other risk factors. In assessing general economic conditions, management monitors several factors, including regional and national economic conditions, real estate market conditions and recently enacted regulations with potential economic effects.

Credit Quality Indicators – The Company utilizes a risk grading matrix to assign a grade to each of its commercial and real estate loans. Loans are rated on a scale of 1 to 10. A description of the general characteristics of the 10 risk ratings is as follows:

•
Risk Grades 1, 2, 3, 4 and 5 – These grades include loans to borrowers of solid credit quality with no higher than normal risk of loss. Borrowers in these categories have satisfactory financial strength and adequate cash flow coverage to service debt requirements. Collateral type and quality, as well as protection, are adequate. The borrower’s management is strong and capable, financial information is timely and accurate, and guarantor support is strong.
•
Risk Grade 6 – Pass and Watch – Loans in this category are currently protected, but risks are emerging that warrant more than normal attention and have above average risk of loss. These factors require a higher level of monitoring and may include emerging balance sheet weaknesses, strained liquidity, increased leverage ratio, and weakening management. Collateral support is less marketable or limited use and, although the protection is sufficient, the loan-to-value ratio may not meet policy guidelines. Guarantors may have a limited ability and willingness to provide intermediate support. Also, considerations surrounding industry deterioration, increased competition and minor policy exceptions concerning structure or amortization may affect the rating of these loans.
•
Risk Grade 7 – Special Mention – The Company’s special mention rating is intended to closely align with the regulatory definition. A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of repayment prospects. These weaknesses may include deteriorating balance sheets, strained liquidity and elevated leverage ratios. Cash flow and profitability are marginally sufficient to service debt and collateral is exhibiting signs of decline in value; however, protection is currently sufficient. Limited management experience or weaknesses have emerged requiring more than normal supervision and uncertainties regarding the quality of the financials are not explained. Guarantor has very limited ability and willingness to provide short-term support. Moderate policy exceptions concerning structure or amortization may be considered in order to provide relief to the borrower. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification.
•
Risk Grade 8 – Substandard – A loan in this category is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged. Assets so classified have a well-defined weakness that jeopardizes the liquidation of the debt. Factors affecting these loans may include balance sheet deterioration that has resulted in illiquid, highly leveraged or deficit net worth, cash flow that is not able to service debts as structured, collateral protection that may be inadequate, guarantor support that may be virtually non-existent, and management that is poor. Loans may require a major policy exception concerning structure or amortization. They are characterized by the distinct possibility that the Company will incur some loss if the deficiencies are not corrected.
•
Risk Grade 9 – Doubtful – Loans classified doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable.
•
Risk Grade 10 – Loss – Loans are considered uncollectible and of such little value that continuing to carry them as an active asset is not warranted. It does not mean that there will be no recovery, but, rather, it is not practical or desirable to defer writing off these assets even though a partial recovery may be possible in the future.

Pass loans for the Company include loans in Risk Grades 1 - 6. Special mention loans for the Company include loans in Risk Grade 7. Classified loans for the Company include loans in Risk Grades 8, 9 and 10. Loans may be classified but not considered individually evaluated if the loan falls below the established minimum dollar threshold for individual evaluation.

The following table reflects loans by credit quality indicator and origination year at March 31, 2026. Loans acquired are shown in the table by origination year. The Company had an immaterial amount of revolving loans converted to term loans at March 31, 2026.

 

 

 

Term Loans Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

(Dollars in thousands)

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolving Loans
Amortized Cost
Basis

 

 

Total

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

106,470

 

 

$

290,373

 

 

$

152,572

 

 

$

169,850

 

 

$

310,376

 

 

$

330,147

 

 

$

352,184

 

 

$

1,711,972

 

Special mention

 

 

—

 

 

 

884

 

 

 

1,871

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

596

 

 

 

3,351

 

Classified

 

 

—

 

 

 

1,160

 

 

 

1,956

 

 

 

4,221

 

 

 

9,109

 

 

 

8,924

 

 

 

6,061

 

 

 

31,431

 

Total residential real estate

 

$

106,470

 

 

$

292,417

 

 

$

156,399

 

 

$

174,071

 

 

$

319,485

 

 

$

339,071

 

 

$

358,841

 

 

$

1,746,754

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

54

 

 

$

26

 

 

$

15

 

 

$

47

 

 

$

142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction & land development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

7,926

 

 

$

45,791

 

 

$

20,000

 

 

$

9,664

 

 

$

17,961

 

 

$

4,592

 

 

$

342,838

 

 

$

448,772

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,436

 

 

 

—

 

 

 

635

 

 

 

2,071

 

Classified

 

 

1,492

 

 

 

24

 

 

 

—

 

 

 

1,458

 

 

 

43

 

 

 

867

 

 

 

6,639

 

 

 

10,523

 

Total construction & land development

 

$

9,418

 

 

$

45,815

 

 

$

20,000

 

 

$

11,122

 

 

$

19,440

 

 

$

5,459

 

 

$

350,112

 

 

$

461,366

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Farmland:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

9,025

 

 

$

74,094

 

 

$

31,784

 

 

$

25,293

 

 

$

52,384

 

 

$

41,394

 

 

$

93,956

 

 

$

327,930

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

 

 

—

 

Classified

 

 

—

 

 

 

565

 

 

 

22

 

 

 

1,246

 

 

 

823

 

 

 

1,752

 

 

 

599

 

 

 

5,007

 

Total farmland

 

$

9,025

 

 

$

74,659

 

 

$

31,806

 

 

$

26,539

 

 

$

53,207

 

 

$

43,146

 

 

$

94,555

 

 

$

332,937

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

161,244

 

 

$

429,897

 

 

$

163,511

 

 

$

113,854

 

 

$

385,758

 

 

$

592,768

 

 

$

880,829

 

 

$

2,727,861

 

Special mention

 

 

463

 

 

 

—

 

 

 

103

 

 

 

—

 

 

 

—

 

 

 

312

 

 

 

—

 

 

 

878

 

Classified

 

 

314

 

 

 

1,191

 

 

 

5,520

 

 

 

5,017

 

 

 

1,679

 

 

 

6,679

 

 

 

27,135

 

 

 

47,535

 

Total other commercial real estate

 

$

162,021

 

 

$

431,088

 

 

$

169,134

 

 

$

118,871

 

 

$

387,437

 

 

$

599,759

 

 

$

907,964

 

 

$

2,776,274

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

26

 

 

$

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

38,884

 

 

$

193,940

 

 

$

55,158

 

 

$

35,475

 

 

$

49,600

 

 

$

56,098

 

 

$

334,246

 

 

$

763,401

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

451

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

451

 

Classified

 

 

125

 

 

 

1,506

 

 

 

1,267

 

 

 

3,735

 

 

 

2,586

 

 

 

1,023

 

 

 

2,735

 

 

 

12,977

 

Total commercial & industrial loans

 

$

39,009

 

 

$

195,446

 

 

$

56,425

 

 

$

39,661

 

 

$

52,186

 

 

$

57,121

 

 

$

336,981

 

 

$

776,829

 

Current period gross write offs

 

$

—

 

 

$

59

 

 

$

1

 

 

$

—

 

 

$

10

 

 

$

15

 

 

$

14

 

 

$

99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agricultural production & other loans to farmers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

5,028

 

 

$

17,210

 

 

$

7,790

 

 

$

3,288

 

 

$

1,388

 

 

$

1,285

 

 

$

60,504

 

 

$

96,493

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Classified

 

 

—

 

 

 

191

 

 

 

173

 

 

 

1,040

 

 

 

48

 

 

 

268

 

 

 

1,149

 

 

 

2,869

 

Total agricultural production & other loans to farmers

 

$

5,028

 

 

$

17,401

 

 

$

7,963

 

 

$

4,328

 

 

$

1,436

 

 

$

1,553

 

 

$

61,653

 

 

$

99,362

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer & other loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

9,904

 

 

$

29,724

 

 

$

13,270

 

 

$

4,119

 

 

$

2,215

 

 

$

5,097

 

 

$

46,063

 

 

$

110,392

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Classified

 

 

—

 

 

 

34

 

 

 

83

 

 

 

38

 

 

 

1

 

 

 

5

 

 

 

50

 

 

 

211

 

Total consumer & other loans

 

$

9,904

 

 

$

29,758

 

 

$

13,353

 

 

$

4,157

 

 

$

2,216

 

 

$

5,102

 

 

$

46,113

 

 

$

110,603

 

Current period gross write offs

 

$

498

 

 

$

121

 

 

$

28

 

 

$

28

 

 

$

3

 

 

$

12

 

 

$

19

 

 

$

709

 

 

The following table reflects loans by credit quality indicator and origination year at December 31, 2025. Loans acquired are shown in the table by origination year. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2025.

 

 

Term Loans Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

(Dollars in thousands)

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolving
Loans
Amortized
Cost Basis

 

 

Total

 

Residential real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

299,560

 

 

$

171,724

 

 

$

179,864

 

 

$

323,489

 

 

$

228,676

 

 

$

128,506

 

 

$

382,519

 

 

$

1,714,338

 

Special mention

 

 

601

 

 

 

1,878

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

969

 

 

 

3,448

 

Classified

 

 

1,198

 

 

 

1,520

 

 

 

4,158

 

 

 

8,515

 

 

 

2,998

 

 

 

6,004

 

 

 

6,392

 

 

 

30,785

 

Total residential real estate

 

$

301,359

 

 

$

175,122

 

 

$

184,022

 

 

$

332,004

 

 

$

231,674

 

 

$

134,510

 

 

$

389,880

 

 

$

1,748,571

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

79

 

 

$

102

 

 

$

214

 

 

$

301

 

 

$

696

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction & land development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

49,182

 

 

$

21,706

 

 

$

11,454

 

 

$

19,041

 

 

$

3,442

 

 

$

2,616

 

 

$

333,987

 

 

$

441,428

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,443

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,443

 

Classified

 

 

—

 

 

 

6

 

 

 

240

 

 

 

81

 

 

 

4

 

 

 

2,171

 

 

 

6,671

 

 

 

9,173

 

Total construction & land development

 

$

49,182

 

 

$

21,712

 

 

$

11,694

 

 

$

20,565

 

 

$

3,446

 

 

$

4,787

 

 

$

340,658

 

 

$

452,044

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

59

 

 

$

1,306

 

 

$

1,365

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Farmland:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

76,991

 

 

$

34,117

 

 

$

27,120

 

 

$

55,283

 

 

$

20,828

 

 

$

25,344

 

 

$

95,572

 

 

$

335,255

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Classified

 

 

565

 

 

 

22

 

 

 

1,250

 

 

 

834

 

 

 

649

 

 

 

953

 

 

 

—

 

 

 

4,273

 

Total farmland

 

$

77,556

 

 

$

34,139

 

 

$

28,370

 

 

$

56,117

 

 

$

21,477

 

 

$

26,297

 

 

$

95,572

 

 

$

339,528

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

273

 

 

$

—

 

 

$

80

 

 

$

—

 

 

$

—

 

 

$

353

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other commercial real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

454,629

 

 

$

164,721

 

 

$

118,079

 

 

$

394,901

 

 

$

341,572

 

 

$

307,898

 

 

$

975,421

 

 

$

2,757,221

 

Special mention

 

 

—

 

 

 

104

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

315

 

 

 

466

 

 

 

885

 

Classified

 

 

1,216

 

 

 

5,324

 

 

 

5,128

 

 

 

2,200

 

 

 

1,797

 

 

 

4,625

 

 

 

27,208

 

 

 

47,498

 

Total other commercial real estate

 

$

455,845

 

 

$

170,149

 

 

$

123,207

 

 

$

397,101

 

 

$

343,369

 

 

$

312,838

 

 

$

1,003,095

 

 

$

2,805,604

 

Current period gross write offs

 

$

—

 

 

$

—

 

 

$

—

 

 

$

12

 

 

$

—

 

 

$

271

 

 

$

—

 

 

$

283

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & industrial loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

203,730

 

 

$

59,255

 

 

$

41,633

 

 

$

53,389

 

 

$

10,397

 

 

$

14,114

 

 

$

319,794

 

 

$

702,312

 

Special mention

 

 

—

 

 

 

—

 

 

 

697

 

 

 

35

 

 

 

—

 

 

 

—

 

 

 

520

 

 

 

1,252

 

Classified

 

 

1,157

 

 

 

1,067

 

 

 

10,566

 

 

 

2,306

 

 

 

990

 

 

 

114

 

 

 

2,091

 

 

 

18,291

 

Total commercial & industrial loans

 

$

204,887

 

 

$

60,322

 

 

$

52,896

 

 

$

55,730

 

 

$

11,387

 

 

$

14,228

 

 

$

322,405

 

 

$

721,855

 

Current period gross write offs

 

$

5

 

 

$

62

 

 

$

192

 

 

$

52

 

 

$

64

 

 

$

1,655

 

 

$

286

 

 

$

2,316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agricultural production & other loans to farmers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

17,954

 

 

$

9,911

 

 

$

5,656

 

 

$

1,672

 

 

$

1,377

 

 

$

128

 

 

$

74,637

 

 

$

111,335

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Classified

 

 

—

 

 

 

67

 

 

 

269

 

 

 

28

 

 

 

—

 

 

 

—

 

 

 

646

 

 

 

1,010

 

Total agricultural production & other loans to farmers

 

$

17,954

 

 

$

9,978

 

 

$

5,925

 

 

$

1,700

 

 

$

1,377

 

 

$

128

 

 

$

75,283

 

 

$

112,345

 

Current period gross write offs

 

$

—

 

 

$

18

 

 

$

19

 

 

$

—

 

 

$

109

 

 

$

—

 

 

$

434

 

 

$

580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer & other loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

36,237

 

 

$

16,343

 

 

$

5,330

 

 

$

2,563

 

 

$

1,064

 

 

$

4,355

 

 

$

45,373

 

 

$

111,265

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Classified

 

 

88

 

 

 

83

 

 

 

53

 

 

 

2

 

 

 

—

 

 

 

11

 

 

 

84

 

 

 

321

 

Total consumer & other loans

 

$

36,325

 

 

$

16,426

 

 

$

5,383

 

 

$

2,565

 

 

$

1,064

 

 

$

4,366

 

 

$

45,457

 

 

$

111,586

 

Current period gross write offs

 

$

2,022

 

 

$

219

 

 

$

177

 

 

$

92

 

 

$

23

 

 

$

24

 

 

$

137

 

 

$

2,694

 

 

Allowance for Credit Losses on Loans Held for Investment (“LHFI”)

The allowance for credit losses represents the estimated amount considered necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The lifetime estimate also considers economic conditions. Although management strives to maintain an allowance it deems adequate, future economic changes, deterioration of borrowers' creditworthiness, and the impact of examinations by regulatory agencies all could cause changes to BancPlus' allowance for credit losses.

Transactions in the allowance for credit losses and balances in the loan portfolio by loan segment are as follows:

 

(In thousands)

 

Commercial
and
Industrial

 

 

Commercial
Real
Estate

 

 

Residential

 

 

Consumer
and
other

 

 

Total

 

For the Three Months Ended March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

10,065

 

 

$

32,445

 

 

$

25,991

 

 

$

2,565

 

 

$

71,066

 

Provision for (recovery of) loan credit losses

 

 

(111

)

 

 

(71

)

 

 

511

 

 

 

416

 

 

 

745

 

Recoveries on loans

 

 

68

 

 

 

42

 

 

 

186

 

 

 

291

 

 

 

587

 

Loans charged off

 

 

(99

)

 

 

(26

)

 

 

(142

)

 

 

(709

)

 

 

(976

)

Ending balance

 

$

9,923

 

 

$

32,390

 

 

$

26,546

 

 

$

2,563

 

 

$

71,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period End Allowance Balance Allocated To:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated loans

 

$

82

 

 

$

510

 

 

$

659

 

 

$

—

 

 

$

1,251

 

Collectively evaluated loans

 

 

9,841

 

 

 

31,880

 

 

 

25,887

 

 

 

2,563

 

 

 

70,171

 

Ending balance

 

$

9,923

 

 

$

32,390

 

 

$

26,546

 

 

$

2,563

 

 

$

71,422

 

 

(In thousands)

 

Commercial
and
Industrial

 

 

Commercial
Real
Estate

 

 

Residential

 

 

Consumer
and
other

 

 

Total

 

For the Three Months Ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

9,431

 

 

$

35,038

 

 

$

25,845

 

 

$

1,599

 

 

$

71,913

 

Provision for (recovery of) loan credit losses

 

 

239

 

 

 

(690

)

 

 

825

 

 

 

338

 

 

 

712

 

Recoveries on loans

 

 

57

 

 

 

52

 

 

 

28

 

 

 

478

 

 

 

615

 

Loans charged off

 

 

(508

)

 

 

(248

)

 

 

(161

)

 

 

(728

)

 

 

(1,645

)

Ending balance

 

$

9,219

 

 

$

34,152

 

 

$

26,537

 

 

$

1,687

 

 

$

71,595

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period End Allowance Balance Allocated To:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated loans

 

$

922

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

922

 

Collectively evaluated loans

 

 

8,297

 

 

 

34,152

 

 

 

26,537

 

 

 

1,687

 

 

 

70,673

 

Ending balance

 

$

9,219

 

 

$

34,152

 

 

$

26,537

 

 

$

1,687

 

 

$

71,595

 

 

Accrued interest receivable on loans, reported as a component of accrued interest receivable on the balance sheet, totaled approximately $28.1 million and $26.5 million at March 31, 2026 and March 31, 2025, respectively, and is excluded from the estimate of credit losses.

 

Allowance for Credit Losses on Unfunded Loan Commitments

The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in Other liabilities in the Company’s Consolidated Balance Sheets. The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.

 

 

 

Three Months Ended March 31,

 

(In thousands)

 

2026

 

 

2025

 

Beginning balance

 

$

6,421

 

 

$

5,631

 

(Recovery of) provision for credit losses on unfunded loan commitments

 

 

452

 

 

 

(228

)

Ending Balance

 

$

6,873

 

 

$

5,403