v3.26.1
Loan and Lease Financings (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination, as of June 30, 2026, and gross charge-offs for the six months ended June 30, 2026.
Term Loans and Leases by Origination Year
(Dollars in thousands)20262025202420232022PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and agricultural
Grades 1-6$77,424 $139,651 $81,099 $58,096 $40,379 $28,165 $389,730 $— $814,544 
Grades 7-122,228 2,087 862 4,273 1,024 3,114 29,198 — 42,786 
Total commercial and agricultural79,652 141,738 81,961 62,369 41,403 31,279 418,928 — 857,330 
Current period gross charge-offs— 330 73 46 — — 303 — 752 
Renewable energy
Grades 1-6173,645 282,774 60,179 81,571 22,894 120,101 — — 741,164 
Grades 7-12— — — — — — — — — 
Total renewable energy173,645 282,774 60,179 81,571 22,894 120,101 — — 741,164 
Current period gross charge-offs— — — — — — — — — 
Auto and light truck
Grades 1-6273,392 269,327 128,458 55,689 25,283 8,190 — — 760,339 
Grades 7-121,658 14,107 14,416 37,987 194 20 — — 68,382 
Total auto and light truck275,050 283,434 142,874 93,676 25,477 8,210 — — 828,721 
Current period gross charge-offs— 161 1,307 2,253 33 13 — — 3,767 
Medium and heavy duty truck
Grades 1-648,706 78,185 49,859 39,606 34,225 6,649 — 323 257,553 
Grades 7-12— 1,351 1,256 1,262 4,000 1,297 — — 9,166 
Total medium and heavy duty truck48,706 79,536 51,115 40,868 38,225 7,946 — 323 266,719 
Current period gross charge-offs— — — — — — — — — 
Aircraft
Grades 1-6144,732 312,257 191,026 119,401 161,995 88,582 14,744 — 1,032,737 
Grades 7-121,537 14,351 4,534 4,706 7,656 1,807 — — 34,591 
Total aircraft146,269 326,608 195,560 124,107 169,651 90,389 14,744 — 1,067,328 
Current period gross charge-offs— — — — — — — — — 
Construction equipment
Grades 1-6316,107 396,566 275,613 140,775 62,657 23,273 41,450 211 1,256,652 
Grades 7-12— 2,315 4,287 2,300 1,225 8,686 — — 18,813 
Total construction equipment316,107 398,881 279,900 143,075 63,882 31,959 41,450 211 1,275,465 
Current period gross charge-offs— 994 11 36 83 — — — 1,124 
Commercial real estate
Grades 1-6122,770 256,483 243,719 239,939 179,710 231,598 59 — 1,274,278 
Grades 7-121,627 1,537 14,068 13,624 3,473 4,606 — — 38,935 
Total commercial real estate124,397 258,020 257,787 253,563 183,183 236,204 59 — 1,313,213 
Current period gross charge-offs— — 354 — — — — — 354 
Residential real estate and home equity
Performing52,835 95,165 60,206 48,127 74,605 197,896 218,227 7,979 755,040 
Nonperforming— 378 145 559 1,552 967 1,942 73 5,616 
Total residential real estate and home equity52,835 95,543 60,351 48,686 76,157 198,863 220,169 8,052 760,656 
Current period gross charge-offs— — — — — 72 54 — 126 
Consumer
Performing19,532 28,965 19,516 12,953 9,045 2,716 16,059 — 108,786 
Nonperforming— 73 31 196 175 87 — — 562 
Total consumer19,532 29,038 19,547 13,149 9,220 2,803 16,059 — 109,348 
Current period gross charge-offs224 108 136 91 35 32 15 — 641 
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination, as of December 31, 2025 and gross charge-offs for the year ended December 31, 2025.
Term Loans and Leases by Origination Year
(Dollars in thousands)20252024202320222021PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and agricultural
Grades 1-6$166,469 $91,665 $71,108 $47,491 $21,408 $15,469 $342,362 $— $755,972 
Grades 7-122,409 555 4,287 1,583 1,503 2,035 29,248 — 41,620 
Total commercial and agricultural168,878 92,220 75,395 49,074 22,911 17,504 371,610 — 797,592 
Current period gross charge-offs220 32 171 198 9 — 1,790 — 2,420 
Renewable energy
Grades 1-6326,861 94,730 82,739 23,454 57,332 67,683 — — 652,799 
Grades 7-12— — — — — — — — — 
Total renewable energy326,861 94,730 82,739 23,454 57,332 67,683 — — 652,799 
Current period gross charge-offs— — — — — — — — — 
Auto and light truck
Grades 1-6438,559 206,382 96,058 38,777 9,475 5,038 — — 794,289 
Grades 7-127,296 35,446 49,032 1,611 5 197 — — 93,587 
Total auto and light truck445,855 241,828 145,090 40,388 9,480 5,235 — — 887,876 
Current period gross charge-offs— 2,010 129 226 1 — — — 2,366 
Medium and heavy duty truck
Grades 1-690,318 60,465 47,654 44,315 10,101 3,478 — 481 256,812 
Grades 7-12284 — 4,729 5,495 2,360 69 — — 12,937 
Total medium and heavy duty truck90,602 60,465 52,383 49,810 12,461 3,547 — 481 269,749 
Current period gross charge-offs— — — — — — — — — 
Aircraft
Grades 1-6356,020 211,086 141,743 201,381 112,448 31,204 6,550 — 1,060,432 
Grades 7-125,063 4,722 4,946 8,141 — 3,517 — — 26,389 
Total aircraft361,083 215,808 146,689 209,522 112,448 34,721 6,550 — 1,086,821 
Current period gross charge-offs— — 485 — — — — — 485 
Construction equipment
Grades 1-6468,572 340,807 203,162 103,306 24,023 14,702 34,925 1,437 1,190,934 
Grades 7-122,771 5,094 3,734 8,397 912 9,293 — — 30,201 
Total construction equipment471,343 345,901 206,896 111,703 24,935 23,995 34,925 1,437 1,221,135 
Current period gross charge-offs— 201 1,206 — — — — — 1,407 
Commercial real estate
Grades 1-6242,722 253,670 275,286 197,066 109,679 157,033 56 — 1,235,512 
Grades 7-12812 13,256 9,897 4,643 3,748 1,897 — — 34,253 
Total commercial real estate243,534 266,926 285,183 201,709 113,427 158,930 56 — 1,269,765 
Current period gross charge-offs— 5 17 — — 5 — — 27 
Residential real estate and home equity
Performing96,957 71,597 54,957 82,427 72,962 141,902 207,536 8,334 736,672 
Nonperforming209 146 549 839 340 72 1,870 80 4,105 
Total residential real estate and home equity97,166 71,743 55,506 83,266 73,302 141,974 209,406 8,414 740,777 
Current period gross charge-offs— — — 13 — 5 50 6 74 
Consumer
Performing38,401 26,781 18,328 13,858 3,837 1,142 17,068 — 119,415 
Nonperforming70 34 294 195 106 41 — — 740 
Total consumer38,471 26,815 18,622 14,053 3,943 1,183 17,068 — 120,155 
Current period gross charge-offs621 287 282 239 52 10 30 — 1,521 
Schedule of amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status.
(Dollars in thousands) Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past Due and AccruingTotal
Accruing 		Total NonaccrualNonaccrual with No Allowance for Credit LossTotal Financing Receivables
June 30, 2026       
Commercial and agricultural$850,838 $483 $— $— $851,321 $6,009 $1,608 $857,330 
Renewable energy741,164 — — — 741,164 — — 741,164 
Auto and light truck785,703 — — — 785,703 43,018 31,336 828,721 
Medium and heavy duty truck265,454 — — — 265,454 1,265 1,262 266,719 
Aircraft1,057,811 — — — 1,057,811 9,517 9,517 1,067,328 
Construction equipment1,271,128 1,123 — — 1,272,251 3,214 557 1,275,465 
Commercial real estate1,311,013 152 — — 1,311,165 2,048 467 1,313,213 
Residential real estate and home equity752,909 1,884 818 996 756,607 4,049 — 760,656 
Consumer107,951 686 149 — 108,786 562 — 109,348 
Total$7,143,971 $4,328 $967 $996 $7,150,262 $69,682 $44,747 $7,219,944 
December 31, 2025       
Commercial and agricultural$794,559 $516 $24 $— $795,099 $2,493 $773 $797,592 
Renewable energy652,799 — — — 652,799 — — 652,799 
Auto and light truck833,507 21 — — 833,528 54,348 28,411 887,876 
Medium and heavy duty truck268,173 — — — 268,173 1,576 — 269,749 
Aircraft1,084,554 2,267 — — 1,086,821 — — 1,086,821 
Construction equipment1,205,931 3,863 — — 1,209,794 11,341 10,797 1,221,135 
Commercial real estate1,267,157 149 — — 1,267,306 2,459 1,798 1,269,765 
Residential real estate and home equity733,037 2,677 958 460 737,132 3,645 — 740,777 
Consumer118,277 919 219 — 119,415 740 — 120,155 
Total$6,957,994 $10,412 $1,201 $460 $6,970,067 $76,602 $41,779 $7,046,669 
Schedule of amortized cost of collateral - dependent loans which are individually evaluated for impairment by collateral type.
The following table shows the amortized cost basis of collateral-dependent loans, segregated by portfolio segment, which are individually evaluated to determine credit losses.
(Dollars in thousands)Real EstateEquipmentGeneral
Business
Assets		TotalAllowance on Collateral Dependent Loans and Leases
June 30, 2026
Commercial and agricultural$— $— $4,817 $4,817 $695 
Auto and light truck— 42,900 — 42,900 521 
Medium and heavy duty truck— 1,262 — 1,262 — 
Aircraft— 9,517 — 9,517 — 
Construction equipment— 1,810 — 1,810 285 
Commercial real estate1,557 — — 1,557 96 
Total$1,557 $55,489 $4,817 $61,863 $1,597 
December 31, 2025
Commercial and agricultural$— $— $1,136 $1,136 $19 
Auto and light truck— 53,981 — 53,981 1,080 
Medium and heavy duty truck— 1,507 — 1,507 166 
Construction equipment— 10,797 — 10,797 — 
Commercial real estate1,798 — — 1,798 — 
Total$1,798 $66,285 $1,136 $69,219 $1,265 
Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, segregated by portfolio segment and type of modification.
The following table shows the amortized cost of loans and leases over $250,000 at June 30, 2026, and June 30, 2025, respectively, that were both experiencing financial difficulty and modified during the three months ended June 30, 2026, and June 30, 2025, respectively, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.
(Dollars in thousands)Payment
Delay		Term
Extension		Interest
Rate
Reduction		Combination
Payment Delay
and Term
Extension		% of Total
Segment
Financing
Receivables
Three Months Ended June 30, 2026
Commercial and agricultural$2,228 $— $— $— 0.26 %
Total$2,228 $— $— $— 0.03 %
Three Months Ended June 30, 2025
Commercial and agricultural$— $4,026 $— $— 0.48 %
Total$— $4,026 $— $— 0.06 %
The following table shows the amortized cost of loans and leases over $250,000 at June 30, 2026, and June 30, 2025, respectively, that were both experiencing financial difficulty and modified during the six months ended June 30, 2026, and June 30, 2025, respectively, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.
(Dollars in thousands)Payment
Delay		Term
Extension		Interest
Rate
Reduction		Combination
Payment Delay
and Term
Extension		% of Total
Segment
Financing
Receivables
Six months ended June 30, 2026
Commercial and agricultural$2,228 $— $— $— 0.26 %
Total$2,228 $— $— $— 0.03 %
Six months ended June 30, 2025
Commercial and agricultural$— $4,026 $— $— 0.48 %
Construction equipment— 498 — — 0.04 
Total$— $4,524 $— $— 0.06 %
Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, with delinquency status.
The Company closely monitors the performance of loans and leases that have been modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table shows the performance of such loans and leases that have been modified during the twelve months ended June 30, 2026, and June 30, 2025, respectively.
(Dollars in thousands)Current30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past Due		Total
Past Due
Twelve months ended June 30, 2026
Commercial and agricultural$3,789 $— $— $— $— 
Auto and light truck21,262 — — 15,957 15,957 
Medium and heavy duty truck1,262 — — — — 
Total$26,313 $— $— $15,957 $15,957 
Twelve months ended June 30, 2025
Commercial and agricultural$5,028 $— $— $— $— 
Auto and light truck— — — 7,863 7,863 
Medium and heavy duty truck2,586 — — — — 
Construction equipment498 — — — — 
Commercial real estate981 — — — — 
Total$9,093 $— $— $7,863 $7,863 
Schedule of the financial effect of loan and lease modifications to borrowers experiencing financial difficulties.
The following table shows the financial effect of loan and lease modifications presented above to borrowers experiencing financial difficulty for the twelve months ended June 30, 2026, and June 30, 2025, respectively.
Weighted-
Average
Interest Rate
Reduction		Weighted-
Average
Term
Extension (in months)		Weighted-
Average Payment
Delay
(in months)		Combination Weighted-Average Payment Delay and Term Extension (in months)
Twelve months ended June 30, 2026
Commercial and agricultural— %047
Auto and light truck— 1630
Medium and heavy duty truck— 003
Total— %1635
Twelve months ended June 30, 2025
Commercial and agricultural— %1260
Auto and light truck— 003
Medium and heavy duty truck— 004
Construction equipment— 500
Commercial real estate— 060
Total— %1163