v3.26.1
Loans and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Loans

The following schedule details the loans of the Company at March 31, 2026 and December 31, 2025:

 

 

 

(In Thousands)

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

1,293,880

 

 

$

1,277,698

 

Commercial and multi-family real estate

 

 

1,700,935

 

 

 

1,635,488

 

Construction, land development and farmland

 

 

868,116

 

 

 

900,013

 

Commercial, industrial and agricultural

 

 

177,545

 

 

 

179,583

 

1-4 family equity lines of credit

 

 

266,150

 

 

 

263,707

 

Consumer and other

 

 

100,692

 

 

 

107,348

 

Total loans before net deferred loan fees

 

 

4,407,318

 

 

 

4,363,837

 

Net deferred loan fees

 

 

(13,219

)

 

 

(12,708

)

Total loans

 

 

4,394,099

 

 

 

4,351,129

 

Less: Allowance for credit losses

 

 

(57,247

)

 

 

(55,034

)

Net loans

 

$

4,336,852

 

 

$

4,296,095

 
Summary of Transactions in Allowance for Credit Losses

Transactions in the allowance for credit losses for the three months ended March 31, 2026 and 2025 are summarized as follows:

 

 

 

(In Thousands)

 

 

 

Residential
1-4 Family
Real Estate

 

 

Commercial
and Multi-family Real Estate

 

 

Construction,
Land
Development
and Farmland

 

 

Commercial,
Industrial
and
Agricultural

 

 

1-4 family
Equity Lines
of Credit

 

 

Consumer
and Other

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, January 1

 

$

15,745

 

 

 

16,005

 

 

 

16,763

 

 

 

3,433

 

 

 

1,603

 

 

 

1,485

 

 

 

55,034

 

Provision for credit losses

 

 

307

 

 

 

1,271

 

 

 

(366

)

 

 

971

 

 

 

99

 

 

 

259

 

 

 

2,541

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(120

)

 

 

(12

)

 

 

(337

)

 

 

(469

)

Recoveries

 

 

11

 

 

 

—

 

 

 

3

 

 

 

1

 

 

 

—

 

 

 

126

 

 

 

141

 

Ending balance

 

$

16,063

 

 

 

17,276

 

 

 

16,400

 

 

 

4,285

 

 

 

1,690

 

 

 

1,533

 

 

 

57,247

 

 

 

 

(In Thousands)

 

 

 

Residential
1-4 Family
Real Estate

 

 

Commercial
and Multi-
family Real
Estate

 

 

Construction,
Land
Development
and
Farmland

 

 

Commercial,
Industrial
and
Agricultural

 

 

1-4 family
Equity Lines
of Credit

 

 

Consumer
and Other

 

 

Total

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, January 1

 

$

9,708

 

 

 

20,203

 

 

 

14,663

 

 

 

1,702

 

 

 

1,890

 

 

 

1,331

 

 

 

49,497

 

Provision

 

 

2,425

 

 

 

(3,996

)

 

 

2,413

 

 

 

1,555

 

 

 

(681

)

 

 

517

 

 

 

2,233

 

Charge-offs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(57

)

 

 

—

 

 

 

(325

)

 

 

(382

)

Recoveries

 

 

8

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

121

 

 

 

132

 

Ending balance

 

$

12,141

 

 

 

16,207

 

 

 

17,079

 

 

 

3,200

 

 

 

1,209

 

 

 

1,644

 

 

 

51,480

 
Schedule of Amortized Cost Basis of Collateral Dependent Loans

The following table presents the amortized cost basis of collateral dependent loans at March 31, 2026 and December 31, 2025 which are individually evaluated to determine expected credit losses:

 

 

In Thousands

 

 

 

Real Estate

 

 

Other

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

6,477

 

 

 

—

 

 

 

6,477

 

Commercial and multi-family real estate

 

 

1,613

 

 

 

—

 

 

 

1,613

 

Construction, land development and farmland

 

 

6,879

 

 

 

—

 

 

 

6,879

 

Commercial, industrial and agricultural

 

 

—

 

 

 

—

 

 

 

—

 

1-4 family equity lines of credit

 

 

1,255

 

 

 

—

 

 

 

1,255

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

16,224

 

 

 

—

 

 

 

16,224

 

 

 

 

In Thousands

 

 

 

Real Estate

 

 

Other

 

 

Total

 

December 31, 2025

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

3,038

 

 

 

—

 

 

 

3,038

 

Commercial and multi-family real estate

 

 

13,133

 

 

 

—

 

 

 

13,133

 

Construction, land development and farmland

 

 

5,922

 

 

 

—

 

 

 

5,922

 

Commercial, industrial and agricultural

 

 

—

 

 

 

—

 

 

 

—

 

1-4 family equity lines of credit

 

 

—

 

 

 

—

 

 

 

—

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

22,093

 

 

 

—

 

 

 

22,093

 
Schedule of Loans on Nonaccrual Status

The following tables present the Company’s nonaccrual loans and past due loans as of March 31, 2026 and December 31, 2025.

Loans on Nonaccrual Status

 

 

In Thousands

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Residential 1-4 family real estate

 

$

12,147

 

 

$

7,206

 

Commercial and multi-family real estate

 

 

1,613

 

 

 

13,135

 

Construction, land development and farmland

 

 

6,950

 

 

 

5,926

 

Commercial, industrial and agricultural

 

 

48

 

 

 

156

 

1-4 family equity lines of credit

 

 

2,029

 

 

 

208

 

Consumer and other

 

 

21

 

 

 

24

 

Total

 

$

22,808

 

 

$

26,655

 
Schedule of Age Analysis of Past Due Loans

Past Due Loans

 

 

(In Thousands)

 

 

 

30-59 Days
Past Due

 

 

60-89 Days
Past Due

 

 

Non Accrual
or Greater
Than 89 Days
Past Due

 

 

Total Non
Accrual and
Past Due

 

 

Current

 

 

Total Loans

 

 

Recorded
Investment in Loans
Greater Than
89 Days Past
Due and
Accruing

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

11,453

 

 

 

1,909

 

 

 

12,147

 

 

 

25,509

 

 

 

1,268,371

 

 

 

1,293,880

 

 

$

—

 

Commercial and multi-family real estate

 

 

—

 

 

 

—

 

 

 

1,613

 

 

 

1,613

 

 

 

1,699,322

 

 

 

1,700,935

 

 

 

—

 

Construction, land development and
   farmland

 

 

476

 

 

 

2,038

 

 

 

6,950

 

 

 

9,464

 

 

 

858,652

 

 

 

868,116

 

 

 

—

 

Commercial, industrial and agricultural

 

 

665

 

 

 

21

 

 

 

48

 

 

 

734

 

 

 

176,811

 

 

 

177,545

 

 

 

—

 

1-4 family equity lines of credit

 

 

1,024

 

 

 

—

 

 

 

2,029

 

 

 

3,053

 

 

 

263,097

 

 

 

266,150

 

 

 

—

 

Consumer and other

 

 

373

 

 

 

30

 

 

 

22

 

 

 

425

 

 

 

100,267

 

 

 

100,692

 

 

 

1

 

Total

 

$

13,991

 

 

 

3,998

 

 

 

22,809

 

 

 

40,798

 

 

 

4,366,520

 

 

 

4,407,318

 

 

$

1

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

7,330

 

 

 

7,172

 

 

 

8,854

 

 

 

23,356

 

 

 

1,254,342

 

 

 

1,277,698

 

 

$

1,648

 

Commercial and multi-family real estate

 

 

420

 

 

 

651

 

 

 

13,135

 

 

 

14,206

 

 

 

1,621,282

 

 

 

1,635,488

 

 

 

—

 

Construction, land development and
   farmland

 

 

1,190

 

 

 

1,188

 

 

 

5,926

 

 

 

8,304

 

 

 

891,709

 

 

 

900,013

 

 

 

—

 

Commercial, industrial and agricultural

 

 

1,053

 

 

 

112

 

 

 

156

 

 

 

1,321

 

 

 

178,262

 

 

 

179,583

 

 

 

—

 

1-4 family equity lines of credit

 

 

1,424

 

 

 

1,263

 

 

 

208

 

 

 

2,895

 

 

 

260,812

 

 

 

263,707

 

 

 

—

 

Consumer and other

 

 

522

 

 

 

112

 

 

 

49

 

 

 

683

 

 

 

106,665

 

 

 

107,348

 

 

 

25

 

Total

 

$

11,939

 

 

 

10,498

 

 

 

28,328

 

 

 

50,765

 

 

 

4,313,072

 

 

 

4,363,837

 

 

$

1,673

 
Modified Financing Receivables

The following tables present the amortized cost basis 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 or three months ended March 31, 2025, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to each class of financing receivable is also presented below.

 

 

(In Thousands)

 

 

 

Principal Forgiveness

 

 

Payment Delay

 

 

Term Extension

 

 

Interest Rate Reduction

 

 

Combination Payment Delay and Interest Rate
Reduction

 

 

Combination Term Extension and Interest Rate Reduction

 

 

Total Class of Financing Receivable

 

Three Months Ended March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

—

 

 

$

874

 

 

$

293

 

 

$

—

 

 

$

—

 

 

$

323

 

 

 

0.12

%

Commercial and multi-family real estate

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Construction, land development and
   farmland

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Commercial, industrial and agricultural

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

1-4 family equity lines of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Total

 

$

—

 

 

$

874

 

 

$

293

 

 

$

—

 

 

$

—

 

 

$

323

 

 

 

0.03

%

As of March 31, 2026, the Company has not committed to lend additional amounts to the borrowers included in the previous table.

 

 

 

(In Thousands)

 

 

 

Principal
Forgiveness

 

 

Payment
Delay

 

 

Term
Extension

 

 

Interest Rate
Reduction

 

 

Combination Payment Delay and Interest Rate
Reduction

 

 

Combination Term Extension and Interest Rate Reduction

 

 

Total Class of Financing Receivable

 

Three Months Ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

—

%

Commercial and multi-family real estate

 

 

—

 

 

 

—

 

 

 

4,006

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.25

%

Construction, land development and
   farmland

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Commercial, industrial and agricultural

 

 

—

 

 

 

—

 

 

 

103

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.07

%

1-4 family equity lines of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

%

Total

 

$

—

 

 

$

—

 

 

$

4,109

 

 

$

—

 

 

$

—

 

 

$

—

 

 

 

0.10

%

As of March 31, 2025, the Company had not committed to lend additional amounts to the borrowers included in the previous table.

 

 

In Thousands

 

 

 

 

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 89 Days Past Due

 

 

Current

 

 

Total Modified Loans

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

2,658

 

 

$

297

 

 

$

1,141

 

 

$

2,283

 

 

$

6,379

 

Commercial and multi-family real estate

 

 

—

 

 

 

—

 

 

 

1,613

 

 

 

—

 

 

 

1,613

 

Construction, land development and
   farmland

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,621

 

 

 

3,621

 

Commercial, industrial and agricultural

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

1-4 family equity lines of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

2,658

 

 

$

297

 

 

$

2,754

 

 

$

5,904

 

 

$

11,613

 

The following table presents the performance of such loans that had been modified within the last twelve months as of March 31, 2025:

 

 

 

In Thousands

 

 

 

 

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

Greater Than 89 Days Past Due

 

 

Current

 

 

Total Modified Loans

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

$

406

 

 

$

950

 

 

$

—

 

 

$

535

 

 

$

1,891

 

Commercial and multi-family real estate

 

 

—

 

 

 

—

 

 

 

—

 

 

 

27,612

 

 

 

27,612

 

Construction, land development and
   farmland

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial, industrial and agricultural

 

 

—

 

 

 

—

 

 

 

—

 

 

 

103

 

 

 

103

 

1-4 family equity lines of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

406

 

 

$

950

 

 

$

—

 

 

$

28,250

 

 

$

29,606

 

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2026 and 2025 (dollars in thousands):

 

 

 

Three Months Ended March 31, 2026

 

Three Months Ended March 31, 2025

 

 

 

Principal
Forgiveness

 

Weighted-Average
Interest Rate Reduction

 

Weighted-Average Months of Term Extension

 

Weighted-Average Months of Payment Delay

 

Principal
Forgiveness

 

Weighted-Average
Interest Rate Reduction

 

Weighted-Average Months of Term Extension

 

Weighted-Average Months of Payment Delay

 

Residential 1-4 family real estate

 

$

—

 

 

0.40

%

 

41

 

 

11

 

$

—

 

 

—

%

 

—

 

 

—

 

Commercial and multi-family real estate

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

6

 

 

—

 

Construction, land development and farmland

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Commercial, industrial and agricultural

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

19

 

 

—

 

1-4 family equity lines of credit

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Consumer and other

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

 

$

—

 

 

0.40

%

 

41

 

 

11

 

$

—

 

 

—

%

 

16

 

 

—

 
The following table presents the amortized cost basis of loans that had a payment default during the three months ended March 31, 2026 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty (dollars in thousands):

 

 

 

Three Months Ended March 31, 2026

 

 

 

 

 

Payment Delay

 

Term Extension

 

Interest Rate Reduction

 

Payment Delay/Interest Rate Reduction

 

Term Extension/Interest Rate Reduction

 

Residential 1-4 family real estate

 

$

2,172

 

$

909

 

$

297

 

$

43

 

$

676

 

Commercial and multi-family real estate

 

 

1,613

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction, land development and
   farmland

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Commercial, industrial and agricultural

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

1-4 family equity lines of credit

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Consumer and other

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

 

$

3,785

 

$

909

 

$

297

 

$

43

 

$

676

 
The following table presents the amortized cost basis of loans that had a payment default during the three months ended March 31, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty (dollars in thousands):

 

 

 

Three Months Ended March 31, 2025

 

 

 

 

 

Payment Delay

 

Term Extension

 

Interest Rate Reduction

 

Payment Delay/Interest Rate Reduction

 

Term Extension/Interest Rate Reduction

 

Residential 1-4 family real estate

 

$

406

 

$

950

 

$

—

 

$

—

 

$

—

 

Commercial and multi-family real estate

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Construction, land development and
   farmland

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Commercial, industrial and agricultural

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

1-4 family equity lines of credit

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Consumer and other

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Total

 

$

406

 

$

950

 

$

—

 

$

—

 

$

—

 

 
Schedule of Loan Portfolio by Risk Rating

The table below presents loan balances classified within each risk rating category by primary loan type and based on year of origination as of March 31, 2026:

 

 

 

In Thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolving Loans

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

58,771

 

 

 

240,390

 

 

 

267,524

 

 

 

119,418

 

 

 

224,534

 

 

 

338,998

 

 

 

13,341

 

 

 

1,262,976

 

Special mention

 

 

—

 

 

 

54

 

 

 

3,954

 

 

 

1,253

 

 

 

2,830

 

 

 

6,215

 

 

 

80

 

 

 

14,386

 

Substandard

 

 

—

 

 

 

—

 

 

 

9,645

 

 

 

2,981

 

 

 

1,950

 

 

 

948

 

 

 

994

 

 

 

16,518

 

Total Residential 1-4 family real estate

 

$

58,771

 

 

 

240,444

 

 

 

281,123

 

 

 

123,652

 

 

 

229,314

 

 

 

346,161

 

 

 

14,415

 

 

 

1,293,880

 

Residential 1-4 family real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial and multi-family real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

80,730

 

 

 

195,814

 

 

 

268,051

 

 

 

172,490

 

 

 

301,828

 

 

 

608,099

 

 

 

69,028

 

 

 

1,696,040

 

Special mention

 

 

717

 

 

 

254

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

761

 

 

 

1,550

 

 

 

3,282

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,613

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,613

 

Total Commercial and multi-family real estate

 

$

81,447

 

 

 

196,068

 

 

 

268,051

 

 

 

174,103

 

 

 

301,828

 

 

 

608,860

 

 

 

70,578

 

 

 

1,700,935

 

Commercial and multi-family real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Construction, land development and
   farmland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

31,886

 

 

 

300,123

 

 

 

184,088

 

 

 

24,369

 

 

 

78,248

 

 

 

43,474

 

 

 

192,242

 

 

 

854,430

 

Special mention

 

 

—

 

 

 

33

 

 

 

2,111

 

 

 

1,810

 

 

 

840

 

 

 

1,054

 

 

 

888

 

 

 

6,736

 

Substandard

 

 

—

 

 

 

—

 

 

 

1,700

 

 

 

—

 

 

 

3,329

 

 

 

61

 

 

 

1,860

 

 

 

6,950

 

Total Construction, land development
   and farmland

 

$

31,886

 

 

 

300,156

 

 

 

187,899

 

 

 

26,179

 

 

 

82,417

 

 

 

44,589

 

 

 

194,990

 

 

 

868,116

 

Construction, land development and
   farmland:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial, industrial and agricultural

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

7,064

 

 

 

50,077

 

 

 

22,410

 

 

 

6,150

 

 

 

20,196

 

 

 

24,866

 

 

 

45,290

 

 

 

176,053

 

Special mention

 

 

—

 

 

 

457

 

 

 

—

 

 

 

961

 

 

 

7

 

 

 

5

 

 

 

13

 

 

 

1,443

 

Substandard

 

 

—

 

 

 

—

 

 

 

16

 

 

 

32

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

49

 

Total Commercial, industrial and
   agricultural

 

$

7,064

 

 

 

50,534

 

 

 

22,426

 

 

 

7,143

 

 

 

20,203

 

 

 

24,871

 

 

 

45,304

 

 

 

177,545

 

Commercial, industrial and agricultural:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

7

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

112

 

 

 

120

 

1-4 family equity lines of credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

260,512

 

 

 

260,512

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,609

 

 

 

3,609

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,029

 

 

 

2,029

 

Total 1-4 family equity lines of credit

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

266,150

 

 

 

266,150

 

1-4 family equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12

 

 

 

12

 

Consumer and other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

4,647

 

 

 

30,362

 

 

 

13,399

 

 

 

8,660

 

 

 

2,532

 

 

 

18,926

 

 

 

21,807

 

 

 

100,333

 

Special mention

 

 

—

 

 

 

83

 

 

 

59

 

 

 

93

 

 

 

80

 

 

 

11

 

 

 

4

 

 

 

330

 

Substandard

 

 

—

 

 

 

—

 

 

 

5

 

 

 

9

 

 

 

6

 

 

 

9

 

 

 

—

 

 

 

29

 

Total Consumer and other

 

$

4,647

 

 

 

30,445

 

 

 

13,463

 

 

 

8,762

 

 

 

2,618

 

 

 

18,946

 

 

 

21,811

 

 

 

100,692

 

Consumer and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

14

 

 

 

39

 

 

 

19

 

 

 

1

 

 

 

1

 

 

 

263

 

 

 

337

 

 

 

 

In Thousands

 

 

 

2026

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

Prior

 

 

Revolving Loans

 

 

Total

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

183,098

 

 

 

816,766

 

 

 

755,472

 

 

 

331,087

 

 

 

627,338

 

 

 

1,034,363

 

 

 

602,220

 

 

 

4,350,344

 

Special mention

 

 

717

 

 

 

881

 

 

 

6,124

 

 

 

4,117

 

 

 

3,757

 

 

 

8,046

 

 

 

6,144

 

 

 

29,786

 

Substandard

 

 

—

 

 

 

—

 

 

 

11,366

 

 

 

4,635

 

 

 

5,285

 

 

 

1,018

 

 

 

4,884

 

 

 

27,188

 

Total

 

$

183,815

 

 

 

817,647

 

 

 

772,962

 

 

 

339,839

 

 

 

636,380

 

 

 

1,043,427

 

 

 

613,248

 

 

 

4,407,318

 

 

 

In Thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving

 

 

 

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Loans

 

 

Total

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential 1-4 family real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

251,472

 

 

 

273,598

 

 

 

127,490

 

 

 

232,254

 

 

 

192,674

 

 

 

158,663

 

 

 

12,447

 

 

 

1,248,598

 

Special mention

 

 

24

 

 

 

6,787

 

 

 

2,076

 

 

 

2,831

 

 

 

840

 

 

 

5,470

 

 

 

683

 

 

 

18,711

 

Substandard

 

 

—

 

 

 

5,289

 

 

 

2,444

 

 

 

1,627

 

 

 

194

 

 

 

432

 

 

 

403

 

 

 

10,389

 

Total Residential 1-4 family real estate

 

$

251,496

 

 

 

285,674

 

 

 

132,010

 

 

 

236,712

 

 

 

193,708

 

 

 

164,565

 

 

 

13,533

 

 

 

1,277,698

 

Residential 1-4 family real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Commercial and multi-family real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

187,256

 

 

 

255,335

 

 

 

173,813

 

 

 

305,695

 

 

 

329,221

 

 

 

304,032

 

 

 

63,988

 

 

 

1,619,340

 

Special mention

 

 

257

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

786

 

 

 

1,970

 

 

 

3,013

 

Substandard

 

 

—

 

 

 

—

 

 

 

1,607

 

 

 

11,528

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,135

 

Total Commercial and multi-family real estate

 

$

187,513

 

 

 

255,335

 

 

 

175,420

 

 

 

317,223

 

 

 

329,221

 

 

 

304,818

 

 

 

65,958

 

 

 

1,635,488

 

Commercial and multi-family real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

438

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

438

 

Construction, land development and farmland:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

296,559

 

 

 

243,565

 

 

 

25,224

 

 

 

81,838

 

 

 

24,777

 

 

 

22,370

 

 

 

193,506

 

 

 

887,839

 

Special mention

 

 

34

 

 

 

1,391

 

 

 

1,814

 

 

 

984

 

 

 

893

 

 

 

237

 

 

 

895

 

 

 

6,248

 

Substandard

 

 

—

 

 

 

—

 

 

 

671

 

 

 

3,362

 

 

 

—

 

 

 

—

 

 

 

1,893

 

 

 

5,926

 

Total Construction, land development and farmland

 

$

296,593

 

 

 

244,956

 

 

 

27,709

 

 

 

86,184

 

 

 

25,670

 

 

 

22,607

 

 

 

196,294

 

 

 

900,013

 

Construction, land development and farmland:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

157

 

 

 

157

 

Commercial, industrial and agricultural:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

51,176

 

 

 

22,112

 

 

 

9,100

 

 

 

21,169

 

 

 

2,921

 

 

 

26,067

 

 

 

45,741

 

 

 

178,286

 

Special mention

 

 

481

 

 

 

—

 

 

 

535

 

 

 

11

 

 

 

1

 

 

 

6

 

 

 

107

 

 

 

1,141

 

Substandard

 

 

—

 

 

 

—

 

 

 

40

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

116

 

 

 

156

 

Total Commercial, industrial and agricultural

 

$

51,657

 

 

 

22,112

 

 

 

9,675

 

 

 

21,180

 

 

 

2,922

 

 

 

26,073

 

 

 

45,964

 

 

 

179,583

 

Commercial, industrial and agricultural:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

140

 

 

 

86

 

 

 

75

 

 

 

6

 

 

 

2

 

 

 

—

 

 

 

31

 

 

 

340

 

1-4 family equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

258,844

 

 

 

258,844

 

Special mention

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,655

 

 

 

4,655

 

Substandard

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

208

 

 

 

208

 

Total 1-4 family equity lines of credit

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

263,707

 

 

 

263,707

 

1-4 family equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Consumer and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

31,038

 

 

 

15,267

 

 

 

9,637

 

 

 

3,217

 

 

 

843

 

 

 

18,753

 

 

 

28,277

 

 

 

107,032

 

Special mention

 

 

29

 

 

 

51

 

 

 

129

 

 

 

77

 

 

 

5

 

 

 

6

 

 

 

2

 

 

 

299

 

Substandard

 

 

—

 

 

 

2

 

 

 

—

 

 

 

—

 

 

 

6

 

 

 

9

 

 

 

—

 

 

 

17

 

Total Consumer and other

 

$

31,067

 

 

 

15,320

 

 

 

9,766

 

 

 

3,294

 

 

 

854

 

 

 

18,768

 

 

 

28,279

 

 

 

107,348

 

Consumer and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current-period gross charge-offs

 

$

79

 

 

 

87

 

 

 

119

 

 

 

105

 

 

 

3

 

 

 

—

 

 

 

828

 

 

 

1,221

 

 

 

 

In Thousands

 

 

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolving Loans

 

 

Total

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

 

$

817,501

 

 

 

809,877

 

 

 

345,264

 

 

 

644,173

 

 

 

550,436

 

 

 

529,885

 

 

 

602,803

 

 

 

4,299,939

 

Special mention

 

 

825

 

 

 

8,229

 

 

 

4,554

 

 

 

3,903

 

 

 

1,739

 

 

 

6,505

 

 

 

8,312

 

 

 

34,067

 

Substandard

 

 

—

 

 

 

5,291

 

 

 

4,762

 

 

 

16,517

 

 

 

200

 

 

 

441

 

 

 

2,620

 

 

 

29,831

 

Total

 

$

818,326

 

 

 

823,397

 

 

 

354,580

 

 

 

664,593

 

 

 

552,375

 

 

 

536,831

 

 

 

613,735

 

 

 

4,363,837