v3.26.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Credit Loss [Abstract]  
Schedule of Financing Receivable, Allowance for Credit Loss
The following tables present the activity in the ACL for the three months ended March 31, 2026, and for the three months ended March 31, 2025, (in thousands).
Commercial real estateOwner-occupied commercial real estateAcquisition, construction & developmentCommercial & industrialSingle family residential (1-4 units)Consumer non-real estate and otherTotal
Three months ended
March 31, 2026
Balance, beginning of period$26,190 $2,760 $17,221 $8,227 $12,536 $889 $67,823 
Provision for (recapture of) credit losses805 455 (448)(47)(651)99 213 
Charge-offs— (65)— — (65)(360)(490)
Recoveries6 — — 11 108 284 409 
Balance, end of period$27,001 $3,150 $16,773 $8,191 $11,928 $912 $67,955 
March 31, 2025
Balance, beginning of period$30,444 $3,261 $17,386 $6,633 $9,763 $553 $68,040 
Provision for (recapture of) credit losses4,296 699 (5,912)1,728 (308)397 900 
Charge-offs— (687)— (93)(33)(611)(1,424)
Recoveries6 — — 4 132 95 237 
Balance, end of period$34,746 $3,273 $11,474 $8,272 $9,554 $434 $67,753 
The following tables present information about collateral-dependent loans that were individually evaluated for purposes of determining the ACL as of March 31, 2026, and December 31, 2025 (in thousands):
March 31, 2026
With AllowanceWith No Related AllowanceTotal
Amortized CostRelated AllowanceAmortized CostAmortized CostRelated Allowance
March 31, 2026
Commercial real estate$21,546 $5,726 $21,481 $43,027 $5,726 
Owner-occupied commercial real estate456 128 7,600 8,056 128 
Acquisition, construction & development8,535 2,731 4,564 13,099 2,731 
Commercial & industrial4,187 3,993 — 4,187 3,993 
Single family residential (1-4 units)637 4 3,419 4,056 4 
Consumer non-real estate and other— — — — — 
Total$35,361 $12,582 $37,064 $72,425 $12,582 
December 31, 2025
With AllowanceWith No Related AllowanceTotal
Amortized CostRelated AllowanceAmortized CostAmortized CostRelated Allowance
December 31, 2025
Commercial real estate$14,316 $3,939 $23,857 $38,173 $3,939 
Owner-occupied commercial real estate— — 8,987 8,987 — 
Acquisition, construction & development4,071 1,431 9,276 13,347 1,431 
Commercial & industrial4,440 4,227 — 4,440 4,227 
Single family residential (1-4 units)258 35 3,516 3,774 35 
Consumer non-real estate and other— — — — — 
Total$23,085 $9,632 $45,636 $68,721 $9,632 
Schedule of Financing Receivable, Past Due
The recorded investment in loans excludes accrued interest receivable due to immateriality. The following table presents the aging of the recorded investment in past due loans as of March 31, 2026, and December 31, 2025, by portfolio segment (in thousands):
March 31, 2026
30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueCurrent LoansTotal Loans90 Days Past Due or More & Still AccruingNon-accrual loans
Commercial real estate$16,220 $34,578 $39,742 $90,540 $2,716,306 $2,806,846 $369 $41,896 
Owner-occupied commercial real estate6,048 1,278 6,159 13,485 565,880 579,365 183 6,842 
Acquisition, construction & development329 4,539 12,701 17,569 335,117 352,686 224 12,541 
Commercial & industrial2,621 347 7,013 9,981 494,248 504,229 1,715 5,617 
Single family residential (1-4 units)19,874 4,775 2,568 27,217 1,101,523 1,128,740 1,699 7,021 
Consumer non-real estate and other1,314 49 422 1,785 31,016 32,801 10 442 
Total$46,406 $45,566 $68,605 $160,577 $5,244,090 $5,404,667 $4,200 $74,359 
December 31, 2025
30 - 59 Days Past Due60 - 89 Days Past Due90 Days or More Past DueTotal Past DueCurrent LoansTotal Loans90 Days Past Due or More & Still AccruingNon-accrual loans
Commercial real estate$4,535 $1,676 $37,891 $44,102 $2,725,185 $2,769,287 $677 $37,318 
Owner-occupied commercial real estate1,251 1,091 6,310 8,652 584,468 593,120 177 7,800 
Acquisition, construction & development578 699 13,243 14,520 372,350 386,870 559 12,793 
Commercial & industrial2,008 2,354 5,629 9,991 451,930 461,921 512 5,512 
Single family residential (1-4 units)14,823 7,541 3,594 25,958 1,101,726 1,127,684 1,694 6,802 
Consumer non-real estate and other395 151 346 892 47,902 48,794 4 388 
Total$23,590 $13,512 $67,013 $104,115 $5,283,561 $5,387,676 $3,623 $70,613 
Schedule of Financing Receivable Credit Quality Indicators
The following table presents the amortized cost basis of the loan portfolio, by year of origination, loan class, and credit quality, as of March 31, 2026, and December 31, 2025 (in thousands):
March 31, 2026
Term Loans
20262025202420232022PriorRevolving LoansTotal
Commercial real estate
Pass$83,730 $312,039 $244,074 $421,242 $431,944 $944,158 $127,371 $2,564,558 
Special Mention— — 5,372 5,229 5,080 32,637 2,468 50,786 
Substandard— — — 15,671 50,226 98,651 15,406 179,954 
Doubtful— — — — 4,508 6,576 464 11,548 
Loss— — — — — — — — 
Total $83,730 $312,039 $249,446 $442,142 $491,758 $1,082,022 $145,709 $2,806,846 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Owner-occupied commercial real estate
Pass$12,934 $72,792 $55,977 $58,648 $71,214 $247,735 $36,589 $555,889 
Special Mention— — — — — 3,381 — 3,381 
Substandard— 456 — 786 7,313 6,206 66 14,827 
Doubtful— — — — 3,392 1,876 — 5,268 
Loss— — — — — — — — 
Total$12,934 $73,248 $55,977 $59,434 $81,919 $259,198 $36,655 $579,365 
Year to date gross charge-offs$— $— $— $— $65 $— $— $65 
Acquisition, construction & development
Pass$10,999 $56,108 $25,235 $93,877 $42,271 $42,818 $60,989 $332,297 
Special Mention— — — 3,645 — 135 — 3,780 
Substandard— — — 3,116 924 9,005 — 13,045 
Doubtful— — — — 3,500 — 64 3,564 
Loss— — — — — — — — 
Total$10,999 $56,108 $25,235 $100,638 $46,695 $51,958 $61,053 $352,686 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Commercial & industrial
Pass$5,448 $61,638 $62,642 $24,157 $24,605 $37,282 $265,870 $481,642 
Special Mention— 1,669 190 49 11,463 1,151 418 14,940 
Substandard— 693 63 1,112 2,082 1,228 2,426 7,604 
Doubtful— — — — — — — — 
Loss— — — — — 37 6 43 
Total$5,448 $64,000 $62,895 $25,318 $38,150 $39,698 $268,720 $504,229 
Year to date gross charge-offs$— $— $— $— $— $— $— $— 
Single family residential (1-4 units)
Pass$27,595 $67,042 $75,112 $123,263 $177,765 $479,170 $168,971 $1,118,918 
Special Mention— — 278 133 779 890 589 2,669 
Substandard— 114 — 2,166 572 3,359 810 7,021 
Doubtful— — — — — 82 — 82 
Loss— — — — — 50 — 50 
Total$27,595 $67,156 $75,390 $125,562 $179,116 $483,551 $170,370 $1,128,740 
Year to date gross charge-offs$— $— $— $41 $— $24 $— $65 
Consumer non-real estate and other
Pass$2,738 $7,776 $9,271 $4,489 $2,328 $1,930 $4,079 $32,611 
Special Mention— — — 85 — 28 — 113 
Substandard— — 60 16 — — — 76 
Doubtful— — — — — — — — 
Loss1 — — — — — — 1 
Total$2,739 $7,776 $9,331 $4,590 $2,328 $1,958 $4,079 $32,801 
Year to date gross charge-offs$292 $4 $44 $5 $15 $— $— $360 
Totals$143,445 $580,327 $478,274 $757,684 $839,966 $1,918,385 $686,586 $5,404,667 
December 31, 2025
Term Loans
20252024202320222021PriorRevolving LoansTotal
Commercial real estate
Pass$324,565 $245,763 $377,142 $437,116 $383,808 $620,673 $128,260 $2,517,327 
Special Mention— 5,395 5,224 13,941 — 34,172 2,468 61,200 
Substandard— — 15,675 50,300 50,745 53,091 16,058 185,869 
Doubtful— — — 3,156 — 1,735 — 4,891 
Loss— — — — — — — — 
Total$324,565 $251,158 $398,041 $504,513 $434,553 $709,671 $146,786 $2,769,287 
Year to date gross charge-offs$— $— $— $— $— $116 $— $116 
Owner-occupied commercial real estate
Pass$72,903 $57,923 $61,402 $75,692 $91,329 $175,545 $32,434 $567,228 
Special Mention— — 274 6,182 232 3,421 — 10,109 
Substandard459 — 521 2,002 1,113 6,391 73 10,559 
Doubtful— — — 3,404 1,820 — — 5,224 
Loss— — — — — — — — 
Total$73,362 $57,923 $62,197 $87,280 $94,494 $185,357 $32,507 $593,120 
Year to date gross charge-offs$— $— $— $363 $10 $632 $95 $1,100 
Acquisition, construction & development
Pass$51,546 $27,499 $139,222 $56,766 $32,792 $13,664 $48,012 $369,501 
Special Mention— — 3,511 — — 137 91 3,739 
Substandard— — 258 812 4,062 4,974 — 10,106 
Doubtful— — — 3,415 — — 109 3,524 
Loss— — — — — — — — 
Total$51,546 $27,499 $142,991 $60,993 $36,854 $18,775 $48,212 $386,870 
Year to date gross charge-offs$— $— $1 $— $— $— $— $1 
Commercial & industrial
Pass$63,901 $66,758 $27,018 $25,659 $16,991 $26,677 $206,654 $433,658 
Special Mention1,814 2,086 637 13,788 — 1,238 1,009 20,572 
Substandard704 64 855 2,286 192 1,083 2,463 7,647 
Doubtful— — — — — — — — 
Loss— — — — — 37 7 44 
Total$66,419 $68,908 $28,510 $41,733 $17,183 $29,035 $210,133 $461,921 
Year to date gross charge-offs$— $— $32 $8 $— $14 $184 $238 
Single family residential (1-4 units)
Pass$66,662 $82,957 $131,349 $180,837 $125,345 $362,811 $168,043 $1,118,004 
Special Mention— 283 134 788 401 503 673 2,782 
Substandard115 — 1,615 589 713 3,434 336 6,802 
Doubtful— — — — — 95 — 95 
Loss— — — — — 1 — 1 
Total$66,777 $83,240 $133,098 $182,214 $126,459 $366,844 $169,052 $1,127,684 
Year to date gross charge-offs$— $— $— $— $— $60 $172 $232 
Consumer non-real estate and other
Pass$9,612 $10,961 $5,543 $2,804 $687 $1,645 $17,335 $48,587 
Special Mention— — 92 — 33 — — 125 
Substandard— 62 20 — — — — 82 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total$9,612 $11,023 $5,655 $2,804 $720 $1,645 $17,335 $48,794 
Year to date gross charge-offs$1,750 $195 $133 $62 $2 $1 $5 $2,148 
Totals$592,281 $499,751 $770,492 $879,537 $710,263 $1,311,327 $624,025 $5,387,676 
Schedule of Purchased Credit Deteriorated Loans The carrying amount of those loans, at acquisition, is as follows (in thousands):
Amounts
Purchase price of loans at acquisition$380,795 
Allowance for credit losses at acquisition23,910 
Non-credit discount/(premium) at acquisition37,640 
Par value of acquired loans at acquisition$442,345 
Schedule of Real Estate Owned
Real estate owned activity was as follows for the three months ended March 31, 2026, and for the year ended, December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
Beginning balance$2,689 $2,783 
Loans acquired/transferred to real estate owned417 259 
Capital expenditures— — 
Direct write-downs— (195)
Sales of real estate owned— (158)
End of period balance$3,106 $2,689