Loans and Allowance for Credit Losses (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Receivables [Abstract] |
|
| Summary of Loan Classes and Aging of Past Due Loans |
The following tables provide a summary of loan classes and an aging of past due loans at June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
30-89
Days Past
Due and
Accruing |
|
|
Greater than
90 Days Past
Due and
Accruing |
|
|
Nonaccrual
Loans |
|
|
Total
Past Due |
|
|
Current |
|
|
Total Loans |
|
Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
|
$ |
15,797 |
|
|
$ |
179 |
|
|
$ |
33,917 |
|
|
$ |
49,893 |
|
|
$ |
17,889,869 |
|
|
$ |
17,939,762 |
|
Specialty lending |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
657,710 |
|
|
|
657,710 |
|
Commercial real estate |
|
|
21,290 |
|
|
|
— |
|
|
|
61,827 |
|
|
|
83,117 |
|
|
|
16,484,246 |
|
|
|
16,567,363 |
|
Consumer real estate |
|
|
5,209 |
|
|
|
399 |
|
|
|
30,561 |
|
|
|
36,169 |
|
|
|
4,478,048 |
|
|
|
4,514,217 |
|
Consumer |
|
|
624 |
|
|
|
5,238 |
|
|
|
177 |
|
|
|
6,039 |
|
|
|
263,158 |
|
|
|
269,197 |
|
Credit cards |
|
|
8,864 |
|
|
|
7,899 |
|
|
|
1,044 |
|
|
|
17,807 |
|
|
|
683,425 |
|
|
|
701,232 |
|
Leases and other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
500,245 |
|
|
|
500,245 |
|
Total loans |
|
$ |
51,784 |
|
|
$ |
13,715 |
|
|
$ |
127,526 |
|
|
$ |
193,025 |
|
|
$ |
40,956,701 |
|
|
$ |
41,149,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
30-89
Days Past
Due and
Accruing |
|
|
Greater than
90 Days Past
Due and
Accruing |
|
|
Nonaccrual
Loans |
|
|
Total
Past Due |
|
|
Current |
|
|
Total Loans |
|
Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
|
$ |
36,391 |
|
|
$ |
6,417 |
|
|
$ |
26,633 |
|
|
$ |
69,441 |
|
|
$ |
16,201,079 |
|
|
$ |
16,270,520 |
|
Specialty lending |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
518,237 |
|
|
|
518,237 |
|
Commercial real estate |
|
|
24,786 |
|
|
|
— |
|
|
|
86,838 |
|
|
|
111,624 |
|
|
|
16,264,615 |
|
|
|
16,376,239 |
|
Consumer real estate |
|
|
10,451 |
|
|
|
244 |
|
|
|
29,910 |
|
|
|
40,605 |
|
|
|
4,395,863 |
|
|
|
4,436,468 |
|
Consumer |
|
|
689 |
|
|
|
5,237 |
|
|
|
777 |
|
|
|
6,703 |
|
|
|
232,108 |
|
|
|
238,811 |
|
Credit cards |
|
|
9,194 |
|
|
|
6,505 |
|
|
|
508 |
|
|
|
16,207 |
|
|
|
684,526 |
|
|
|
700,733 |
|
Leases and other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
238,400 |
|
|
|
238,400 |
|
Total loans |
|
$ |
81,511 |
|
|
$ |
18,403 |
|
|
$ |
144,666 |
|
|
$ |
244,580 |
|
|
$ |
38,534,828 |
|
|
$ |
38,779,408 |
|
|
| Summary of Amortized Cost of Nonaccrual Loans with No Related Allowance |
The following tables provide the amortized cost of nonaccrual loans with no related allowance for credit losses by loan class at June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Nonaccrual
Loans |
|
|
Amortized Cost of Nonaccrual Loans with no related Allowance |
|
Loans |
|
|
|
|
|
|
Commercial and industrial |
|
$ |
33,917 |
|
|
$ |
14,228 |
|
Specialty lending |
|
|
— |
|
|
|
— |
|
Commercial real estate |
|
|
61,827 |
|
|
|
39,178 |
|
Consumer real estate |
|
|
30,561 |
|
|
|
29,551 |
|
Consumer |
|
|
177 |
|
|
|
177 |
|
Credit cards |
|
|
1,044 |
|
|
|
1,044 |
|
Leases and other |
|
|
— |
|
|
|
— |
|
Total loans |
|
$ |
127,526 |
|
|
$ |
84,178 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Nonaccrual
Loans |
|
|
Amortized Cost of Nonaccrual Loans with no related Allowance |
|
Loans |
|
|
|
|
|
|
Commercial and industrial |
|
$ |
26,633 |
|
|
$ |
10,870 |
|
Specialty lending |
|
|
— |
|
|
|
— |
|
Commercial real estate |
|
|
86,838 |
|
|
|
35,973 |
|
Consumer real estate |
|
|
29,910 |
|
|
|
28,661 |
|
Consumer |
|
|
777 |
|
|
|
777 |
|
Credit cards |
|
|
508 |
|
|
|
508 |
|
Leases and other |
|
|
— |
|
|
|
— |
|
Total loans |
|
$ |
144,666 |
|
|
$ |
76,789 |
|
|
| Summary of Amortized Cost Balance of Each of Loan Classes Disaggregated by Collateral Type and Origination Year |
The following tables provide a summary of the amortized cost balance of each of the Company’s loan classes disaggregated by collateral type and origination year as of June 30, 2026 and December 31, 2025, as well as the gross charge-offs by loan class and origination year for the six months ended June 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Loan Segment
and Type |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment/Accounts Receivable/Inventory |
|
$ |
2,117,193 |
|
|
$ |
2,538,752 |
|
|
$ |
1,664,541 |
|
|
$ |
819,602 |
|
|
$ |
747,661 |
|
|
$ |
581,891 |
|
|
$ |
6,144,832 |
|
|
$ |
20,447 |
|
|
$ |
14,634,919 |
|
Agriculture |
|
|
15,722 |
|
|
|
24,780 |
|
|
|
17,997 |
|
|
|
20,683 |
|
|
|
5,307 |
|
|
|
3,841 |
|
|
|
353,108 |
|
|
|
— |
|
|
|
441,438 |
|
NDFIs |
|
|
106,719 |
|
|
|
181,631 |
|
|
|
293,521 |
|
|
|
356,570 |
|
|
|
53,622 |
|
|
|
18,935 |
|
|
|
1,832,814 |
|
|
|
421 |
|
|
|
2,844,233 |
|
Overdrafts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
19,172 |
|
|
|
— |
|
|
|
19,172 |
|
Total Commercial and industrial |
|
|
2,239,634 |
|
|
|
2,745,163 |
|
|
|
1,976,059 |
|
|
|
1,196,855 |
|
|
|
806,590 |
|
|
|
604,667 |
|
|
|
8,349,926 |
|
|
|
20,868 |
|
|
|
17,939,762 |
|
Current period charge-offs |
|
|
15 |
|
|
|
— |
|
|
|
41 |
|
|
|
102 |
|
|
|
71 |
|
|
|
603 |
|
|
|
11,440 |
|
|
|
— |
|
|
|
12,272 |
|
Specialty lending: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-based lending |
|
|
51,570 |
|
|
|
38,437 |
|
|
|
2,989 |
|
|
|
— |
|
|
|
6,433 |
|
|
|
46,332 |
|
|
|
511,949 |
|
|
|
— |
|
|
|
657,710 |
|
Total Specialty lending |
|
|
51,570 |
|
|
|
38,437 |
|
|
|
2,989 |
|
|
|
— |
|
|
|
6,433 |
|
|
|
46,332 |
|
|
|
511,949 |
|
|
|
— |
|
|
|
657,710 |
|
Current period charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner-occupied |
|
|
535,382 |
|
|
|
1,157,525 |
|
|
|
557,615 |
|
|
|
505,468 |
|
|
|
885,425 |
|
|
|
1,288,592 |
|
|
|
46,994 |
|
|
|
538 |
|
|
|
4,977,539 |
|
Non-owner-occupied |
|
|
960,336 |
|
|
|
1,502,277 |
|
|
|
739,683 |
|
|
|
548,768 |
|
|
|
997,794 |
|
|
|
1,268,408 |
|
|
|
39,333 |
|
|
|
— |
|
|
|
6,056,599 |
|
Farmland |
|
|
111,106 |
|
|
|
264,017 |
|
|
|
68,862 |
|
|
|
63,823 |
|
|
|
96,724 |
|
|
|
214,606 |
|
|
|
62,025 |
|
|
|
— |
|
|
|
881,163 |
|
5+ Multi-family |
|
|
255,240 |
|
|
|
95,985 |
|
|
|
194,816 |
|
|
|
132,012 |
|
|
|
567,165 |
|
|
|
473,161 |
|
|
|
6,289 |
|
|
|
— |
|
|
|
1,724,668 |
|
1-4 Family construction |
|
|
51,421 |
|
|
|
40,213 |
|
|
|
25,236 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
116,870 |
|
General construction |
|
|
505,979 |
|
|
|
825,964 |
|
|
|
562,440 |
|
|
|
564,466 |
|
|
|
288,487 |
|
|
|
18,716 |
|
|
|
44,472 |
|
|
|
— |
|
|
|
2,810,524 |
|
Total Commercial real estate |
|
|
2,419,464 |
|
|
|
3,885,981 |
|
|
|
2,148,652 |
|
|
|
1,814,537 |
|
|
|
2,835,595 |
|
|
|
3,263,483 |
|
|
|
199,113 |
|
|
|
538 |
|
|
|
16,567,363 |
|
Current period charge-offs |
|
|
— |
|
|
|
— |
|
|
|
403 |
|
|
|
6,145 |
|
|
|
4,394 |
|
|
|
995 |
|
|
|
— |
|
|
|
— |
|
|
|
11,937 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HELOC |
|
|
591 |
|
|
|
1,367 |
|
|
|
478 |
|
|
|
2,128 |
|
|
|
2,561 |
|
|
|
8,528 |
|
|
|
749,509 |
|
|
|
2,996 |
|
|
|
768,158 |
|
First lien: 1-4 family |
|
|
381,589 |
|
|
|
574,413 |
|
|
|
323,306 |
|
|
|
317,289 |
|
|
|
593,506 |
|
|
|
1,439,016 |
|
|
|
855 |
|
|
|
1,333 |
|
|
|
3,631,307 |
|
Junior lien: 1-4 family |
|
|
9,881 |
|
|
|
15,698 |
|
|
|
24,973 |
|
|
|
17,417 |
|
|
|
25,230 |
|
|
|
21,062 |
|
|
|
491 |
|
|
|
— |
|
|
|
114,752 |
|
Total Consumer real estate |
|
|
392,061 |
|
|
|
591,478 |
|
|
|
348,757 |
|
|
|
336,834 |
|
|
|
621,297 |
|
|
|
1,468,606 |
|
|
|
750,855 |
|
|
|
4,329 |
|
|
|
4,514,217 |
|
Current period charge-offs |
|
|
— |
|
|
|
— |
|
|
|
29 |
|
|
|
371 |
|
|
|
167 |
|
|
|
327 |
|
|
|
5 |
|
|
|
— |
|
|
|
899 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving line |
|
|
— |
|
|
|
484 |
|
|
|
34 |
|
|
|
96 |
|
|
|
442 |
|
|
|
707 |
|
|
|
160,755 |
|
|
|
6,984 |
|
|
|
169,502 |
|
Auto |
|
|
6,530 |
|
|
|
6,380 |
|
|
|
5,421 |
|
|
|
6,891 |
|
|
|
3,407 |
|
|
|
608 |
|
|
|
— |
|
|
|
— |
|
|
|
29,237 |
|
Other |
|
|
5,293 |
|
|
|
10,126 |
|
|
|
7,422 |
|
|
|
2,483 |
|
|
|
5,301 |
|
|
|
1,538 |
|
|
|
38,295 |
|
|
|
— |
|
|
|
70,458 |
|
Total Consumer |
|
|
11,823 |
|
|
|
16,990 |
|
|
|
12,877 |
|
|
|
9,470 |
|
|
|
9,150 |
|
|
|
2,853 |
|
|
|
199,050 |
|
|
|
6,984 |
|
|
|
269,197 |
|
Current period charge-offs |
|
|
— |
|
|
|
19 |
|
|
|
47 |
|
|
|
56 |
|
|
|
103 |
|
|
|
12 |
|
|
|
1,820 |
|
|
|
— |
|
|
|
2,057 |
|
Credit cards: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
348,172 |
|
|
|
— |
|
|
|
348,172 |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
353,060 |
|
|
|
— |
|
|
|
353,060 |
|
Total Credit cards |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
701,232 |
|
|
|
— |
|
|
|
701,232 |
|
Current period charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,202 |
|
|
|
— |
|
|
|
12,202 |
|
Leases and other: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leases |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
933 |
|
|
|
— |
|
|
|
— |
|
|
|
933 |
|
Other |
|
|
69,283 |
|
|
|
166,648 |
|
|
|
15,240 |
|
|
|
7,871 |
|
|
|
7,149 |
|
|
|
10,744 |
|
|
|
222,377 |
|
|
|
— |
|
|
|
499,312 |
|
Total Leases and other |
|
|
69,283 |
|
|
|
166,648 |
|
|
|
15,240 |
|
|
|
7,871 |
|
|
|
7,149 |
|
|
|
11,677 |
|
|
|
222,377 |
|
|
|
— |
|
|
|
500,245 |
|
Current period charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total loans |
|
$ |
5,183,835 |
|
|
$ |
7,444,697 |
|
|
$ |
4,504,574 |
|
|
$ |
3,365,567 |
|
|
$ |
4,286,214 |
|
|
$ |
5,397,618 |
|
|
$ |
10,934,502 |
|
|
$ |
32,719 |
|
|
$ |
41,149,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Loan Segment
and Type |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment/Accounts Receivable/Inventory |
|
$ |
2,989,029 |
|
|
$ |
1,901,767 |
|
|
$ |
1,039,595 |
|
|
$ |
929,230 |
|
|
$ |
471,193 |
|
|
$ |
321,761 |
|
|
$ |
5,636,442 |
|
|
$ |
12,186 |
|
|
$ |
13,301,203 |
|
Agriculture |
|
|
30,385 |
|
|
|
22,585 |
|
|
|
24,980 |
|
|
|
7,827 |
|
|
|
3,859 |
|
|
|
3,180 |
|
|
|
426,729 |
|
|
|
2,258 |
|
|
|
521,803 |
|
NDFIs |
|
|
130,392 |
|
|
|
286,076 |
|
|
|
368,137 |
|
|
|
86,436 |
|
|
|
12,136 |
|
|
|
29,406 |
|
|
|
1,517,283 |
|
|
|
271 |
|
|
|
2,430,137 |
|
Overdrafts |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
17,377 |
|
|
|
— |
|
|
|
17,377 |
|
Total Commercial and industrial |
|
|
3,149,806 |
|
|
|
2,210,428 |
|
|
|
1,432,712 |
|
|
|
1,023,493 |
|
|
|
487,188 |
|
|
|
354,347 |
|
|
|
7,597,831 |
|
|
|
14,715 |
|
|
|
16,270,520 |
|
Specialty lending: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-based lending |
|
|
46,480 |
|
|
|
5,639 |
|
|
|
— |
|
|
|
5,801 |
|
|
|
25,763 |
|
|
|
22,632 |
|
|
|
411,922 |
|
|
|
— |
|
|
|
518,237 |
|
Total Specialty lending |
|
|
46,480 |
|
|
|
5,639 |
|
|
|
— |
|
|
|
5,801 |
|
|
|
25,763 |
|
|
|
22,632 |
|
|
|
411,922 |
|
|
|
— |
|
|
|
518,237 |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner-occupied |
|
|
1,151,075 |
|
|
|
529,761 |
|
|
|
599,178 |
|
|
|
955,385 |
|
|
|
775,378 |
|
|
|
724,775 |
|
|
|
39,505 |
|
|
|
— |
|
|
|
4,775,057 |
|
Non-owner-occupied |
|
|
1,664,285 |
|
|
|
656,031 |
|
|
|
847,458 |
|
|
|
1,018,831 |
|
|
|
769,616 |
|
|
|
736,502 |
|
|
|
41,093 |
|
|
|
1,054 |
|
|
|
5,734,870 |
|
Farmland |
|
|
258,796 |
|
|
|
74,542 |
|
|
|
85,814 |
|
|
|
131,009 |
|
|
|
83,613 |
|
|
|
163,318 |
|
|
|
66,403 |
|
|
|
75 |
|
|
|
863,570 |
|
5+ Multi-family |
|
|
329,902 |
|
|
|
179,107 |
|
|
|
171,945 |
|
|
|
554,125 |
|
|
|
434,660 |
|
|
|
96,475 |
|
|
|
10,441 |
|
|
|
— |
|
|
|
1,776,655 |
|
1-4 Family construction |
|
|
75,849 |
|
|
|
11,564 |
|
|
|
240 |
|
|
|
520 |
|
|
|
— |
|
|
|
— |
|
|
|
1,301 |
|
|
|
— |
|
|
|
89,474 |
|
General construction |
|
|
1,099,253 |
|
|
|
868,115 |
|
|
|
719,128 |
|
|
|
373,196 |
|
|
|
28,313 |
|
|
|
16,273 |
|
|
|
32,335 |
|
|
|
— |
|
|
|
3,136,613 |
|
Total Commercial real estate |
|
|
4,579,160 |
|
|
|
2,319,120 |
|
|
|
2,423,763 |
|
|
|
3,033,066 |
|
|
|
2,091,580 |
|
|
|
1,737,343 |
|
|
|
191,078 |
|
|
|
1,129 |
|
|
|
16,376,239 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HELOC |
|
|
2,748 |
|
|
|
399 |
|
|
|
756 |
|
|
|
2,075 |
|
|
|
577 |
|
|
|
7,784 |
|
|
|
698,503 |
|
|
|
5,331 |
|
|
|
718,173 |
|
First lien: 1-4 family |
|
|
653,333 |
|
|
|
368,156 |
|
|
|
364,405 |
|
|
|
631,555 |
|
|
|
735,751 |
|
|
|
830,570 |
|
|
|
6,864 |
|
|
|
13 |
|
|
|
3,590,647 |
|
Junior lien: 1-4 family |
|
|
20,458 |
|
|
|
31,221 |
|
|
|
19,212 |
|
|
|
28,538 |
|
|
|
17,405 |
|
|
|
6,048 |
|
|
|
4,766 |
|
|
|
— |
|
|
|
127,648 |
|
Total Consumer real estate |
|
|
676,539 |
|
|
|
399,776 |
|
|
|
384,373 |
|
|
|
662,168 |
|
|
|
753,733 |
|
|
|
844,402 |
|
|
|
710,133 |
|
|
|
5,344 |
|
|
|
4,436,468 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revolving line |
|
|
1,485 |
|
|
|
34 |
|
|
|
23 |
|
|
|
49 |
|
|
|
24 |
|
|
|
526 |
|
|
|
160,454 |
|
|
|
102 |
|
|
|
162,697 |
|
Auto |
|
|
8,179 |
|
|
|
7,292 |
|
|
|
9,743 |
|
|
|
5,307 |
|
|
|
1,118 |
|
|
|
248 |
|
|
|
— |
|
|
|
— |
|
|
|
31,887 |
|
Other |
|
|
12,907 |
|
|
|
11,197 |
|
|
|
3,514 |
|
|
|
5,917 |
|
|
|
853 |
|
|
|
1,272 |
|
|
|
8,567 |
|
|
|
— |
|
|
|
44,227 |
|
Total Consumer |
|
|
22,571 |
|
|
|
18,523 |
|
|
|
13,280 |
|
|
|
11,273 |
|
|
|
1,995 |
|
|
|
2,046 |
|
|
|
169,021 |
|
|
|
102 |
|
|
|
238,811 |
|
Credit cards: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
347,749 |
|
|
|
— |
|
|
|
347,749 |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
352,984 |
|
|
|
— |
|
|
|
352,984 |
|
Total Credit cards |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
700,733 |
|
|
|
— |
|
|
|
700,733 |
|
Leases and other: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leases |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,214 |
|
|
|
— |
|
|
|
— |
|
|
|
1,214 |
|
Other |
|
|
181,160 |
|
|
|
16,408 |
|
|
|
8,588 |
|
|
|
8,713 |
|
|
|
7,344 |
|
|
|
1,671 |
|
|
|
13,302 |
|
|
|
— |
|
|
|
237,186 |
|
Total Leases and other |
|
|
181,160 |
|
|
|
16,408 |
|
|
|
8,588 |
|
|
|
8,713 |
|
|
|
7,344 |
|
|
|
2,885 |
|
|
|
13,302 |
|
|
|
— |
|
|
|
238,400 |
|
Total loans |
|
$ |
8,655,716 |
|
|
$ |
4,969,894 |
|
|
$ |
4,262,716 |
|
|
$ |
4,744,514 |
|
|
$ |
3,367,603 |
|
|
$ |
2,963,655 |
|
|
$ |
9,794,020 |
|
|
$ |
21,290 |
|
|
$ |
38,779,408 |
|
|
| Summary of Amortized Cost Balance by Collateral Type and Risk Rating |
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Equipment/Accounts Receivable/Inventory |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
2,064,385 |
|
|
$ |
2,507,694 |
|
|
$ |
1,616,205 |
|
|
$ |
780,852 |
|
|
$ |
696,623 |
|
|
$ |
574,866 |
|
|
$ |
5,920,736 |
|
|
$ |
10,201 |
|
|
$ |
14,171,562 |
|
Special Mention |
|
|
102 |
|
|
|
3,705 |
|
|
|
30,810 |
|
|
|
9,142 |
|
|
|
2,228 |
|
|
|
1,055 |
|
|
|
90,700 |
|
|
|
— |
|
|
|
137,742 |
|
Substandard |
|
|
52,206 |
|
|
|
23,283 |
|
|
|
13,460 |
|
|
|
29,594 |
|
|
|
48,810 |
|
|
|
5,970 |
|
|
|
132,934 |
|
|
|
10,246 |
|
|
|
316,503 |
|
Doubtful |
|
|
500 |
|
|
|
4,070 |
|
|
|
4,066 |
|
|
|
14 |
|
|
|
— |
|
|
|
— |
|
|
|
462 |
|
|
|
— |
|
|
|
9,112 |
|
Total Equipment/Accounts Receivable/Inventory |
|
$ |
2,117,193 |
|
|
$ |
2,538,752 |
|
|
$ |
1,664,541 |
|
|
$ |
819,602 |
|
|
$ |
747,661 |
|
|
$ |
581,891 |
|
|
$ |
6,144,832 |
|
|
$ |
20,447 |
|
|
$ |
14,634,919 |
|
Agriculture |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
12,983 |
|
|
$ |
23,035 |
|
|
$ |
17,700 |
|
|
$ |
20,333 |
|
|
$ |
5,206 |
|
|
$ |
3,466 |
|
|
$ |
337,635 |
|
|
$ |
— |
|
|
$ |
420,358 |
|
Special Mention |
|
|
2,447 |
|
|
|
1,571 |
|
|
|
— |
|
|
|
252 |
|
|
|
51 |
|
|
|
36 |
|
|
|
3,922 |
|
|
|
— |
|
|
|
8,279 |
|
Substandard |
|
|
292 |
|
|
|
174 |
|
|
|
297 |
|
|
|
98 |
|
|
|
50 |
|
|
|
339 |
|
|
|
11,551 |
|
|
|
— |
|
|
|
12,801 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Agriculture |
|
$ |
15,722 |
|
|
$ |
24,780 |
|
|
$ |
17,997 |
|
|
$ |
20,683 |
|
|
$ |
5,307 |
|
|
$ |
3,841 |
|
|
$ |
353,108 |
|
|
$ |
— |
|
|
$ |
441,438 |
|
NDFIs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
106,719 |
|
|
$ |
181,351 |
|
|
$ |
286,906 |
|
|
$ |
354,035 |
|
|
$ |
50,955 |
|
|
$ |
18,927 |
|
|
$ |
1,821,067 |
|
|
$ |
421 |
|
|
$ |
2,820,381 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
11,747 |
|
|
|
— |
|
|
|
11,747 |
|
Substandard |
|
|
— |
|
|
|
280 |
|
|
|
6,615 |
|
|
|
2,535 |
|
|
|
2,667 |
|
|
|
8 |
|
|
|
— |
|
|
|
— |
|
|
|
12,105 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total NDFIs |
|
$ |
106,719 |
|
|
$ |
181,631 |
|
|
$ |
293,521 |
|
|
$ |
356,570 |
|
|
$ |
53,622 |
|
|
$ |
18,935 |
|
|
$ |
1,832,814 |
|
|
$ |
421 |
|
|
$ |
2,844,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Equipment/Accounts Receivable/Inventory |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
2,958,147 |
|
|
$ |
1,842,768 |
|
|
$ |
982,320 |
|
|
$ |
874,006 |
|
|
$ |
462,210 |
|
|
$ |
302,753 |
|
|
$ |
5,404,325 |
|
|
$ |
4,492 |
|
|
$ |
12,831,021 |
|
Special Mention |
|
|
4,962 |
|
|
|
37,671 |
|
|
|
7,883 |
|
|
|
6,085 |
|
|
|
893 |
|
|
|
9,535 |
|
|
|
63,256 |
|
|
|
6,635 |
|
|
|
136,920 |
|
Substandard |
|
|
21,647 |
|
|
|
17,207 |
|
|
|
49,292 |
|
|
|
49,139 |
|
|
|
8,090 |
|
|
|
9,473 |
|
|
|
168,348 |
|
|
|
1,059 |
|
|
|
324,255 |
|
Doubtful |
|
|
4,273 |
|
|
|
4,121 |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
513 |
|
|
|
— |
|
|
|
9,007 |
|
Total Equipment/Accounts Receivable/Inventory |
|
$ |
2,989,029 |
|
|
$ |
1,901,767 |
|
|
$ |
1,039,595 |
|
|
$ |
929,230 |
|
|
$ |
471,193 |
|
|
$ |
321,761 |
|
|
$ |
5,636,442 |
|
|
$ |
12,186 |
|
|
$ |
13,301,203 |
|
Agriculture |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
26,921 |
|
|
$ |
22,252 |
|
|
$ |
24,757 |
|
|
$ |
7,254 |
|
|
$ |
3,824 |
|
|
$ |
2,622 |
|
|
$ |
406,985 |
|
|
$ |
815 |
|
|
$ |
495,430 |
|
Special Mention |
|
|
2,464 |
|
|
|
— |
|
|
|
— |
|
|
|
71 |
|
|
|
35 |
|
|
|
— |
|
|
|
5,374 |
|
|
|
— |
|
|
|
7,944 |
|
Substandard |
|
|
1,000 |
|
|
|
333 |
|
|
|
223 |
|
|
|
502 |
|
|
|
— |
|
|
|
558 |
|
|
|
14,370 |
|
|
|
— |
|
|
|
16,986 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,443 |
|
|
|
1,443 |
|
Total Agriculture |
|
$ |
30,385 |
|
|
$ |
22,585 |
|
|
$ |
24,980 |
|
|
$ |
7,827 |
|
|
$ |
3,859 |
|
|
$ |
3,180 |
|
|
$ |
426,729 |
|
|
$ |
2,258 |
|
|
$ |
521,803 |
|
NDFIs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
129,859 |
|
|
$ |
277,053 |
|
|
$ |
364,738 |
|
|
$ |
82,934 |
|
|
$ |
11,470 |
|
|
$ |
29,289 |
|
|
$ |
1,489,473 |
|
|
$ |
221 |
|
|
$ |
2,385,037 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
27,810 |
|
|
|
50 |
|
|
|
27,862 |
|
Substandard |
|
|
533 |
|
|
|
9,023 |
|
|
|
3,399 |
|
|
|
3,502 |
|
|
|
664 |
|
|
|
117 |
|
|
|
— |
|
|
|
— |
|
|
|
17,238 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total NDFIs |
|
$ |
130,392 |
|
|
$ |
286,076 |
|
|
$ |
368,137 |
|
|
$ |
86,436 |
|
|
$ |
12,136 |
|
|
$ |
29,406 |
|
|
$ |
1,517,283 |
|
|
$ |
271 |
|
|
$ |
2,430,137 |
|
The following table provides a summary of the amortized cost balance by risk rating for asset-based loans as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Asset-based lending |
|
Risk |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
In-margin |
|
$ |
657,710 |
|
|
$ |
518,237 |
|
Out-of-margin |
|
|
— |
|
|
|
— |
|
Total |
|
$ |
657,710 |
|
|
$ |
518,237 |
|
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Owner-occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
477,420 |
|
|
$ |
1,143,977 |
|
|
$ |
554,446 |
|
|
$ |
463,876 |
|
|
$ |
843,516 |
|
|
$ |
1,244,377 |
|
|
$ |
46,004 |
|
|
$ |
538 |
|
|
$ |
4,774,154 |
|
Special Mention |
|
|
51,659 |
|
|
|
3,689 |
|
|
|
116 |
|
|
|
— |
|
|
|
16,406 |
|
|
|
15,850 |
|
|
|
340 |
|
|
|
— |
|
|
|
88,060 |
|
Substandard |
|
|
6,303 |
|
|
|
9,859 |
|
|
|
3,053 |
|
|
|
41,592 |
|
|
|
25,503 |
|
|
|
28,365 |
|
|
|
650 |
|
|
|
— |
|
|
|
115,325 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Owner-occupied |
|
$ |
535,382 |
|
|
$ |
1,157,525 |
|
|
$ |
557,615 |
|
|
$ |
505,468 |
|
|
$ |
885,425 |
|
|
$ |
1,288,592 |
|
|
$ |
46,994 |
|
|
$ |
538 |
|
|
$ |
4,977,539 |
|
Non-owner-occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
931,798 |
|
|
$ |
1,502,277 |
|
|
$ |
735,807 |
|
|
$ |
527,055 |
|
|
$ |
974,214 |
|
|
$ |
1,225,011 |
|
|
$ |
34,371 |
|
|
$ |
— |
|
|
$ |
5,930,533 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
1,877 |
|
|
|
16,581 |
|
|
|
8,373 |
|
|
|
15,955 |
|
|
|
— |
|
|
|
— |
|
|
|
42,786 |
|
Substandard |
|
|
28,538 |
|
|
|
— |
|
|
|
1,999 |
|
|
|
5,128 |
|
|
|
15,207 |
|
|
|
27,442 |
|
|
|
4,962 |
|
|
|
— |
|
|
|
83,276 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
Total Non-owner-occupied |
|
$ |
960,336 |
|
|
$ |
1,502,277 |
|
|
$ |
739,683 |
|
|
$ |
548,768 |
|
|
$ |
997,794 |
|
|
$ |
1,268,408 |
|
|
$ |
39,333 |
|
|
$ |
— |
|
|
$ |
6,056,599 |
|
Farmland |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
101,410 |
|
|
$ |
232,209 |
|
|
$ |
62,847 |
|
|
$ |
46,198 |
|
|
$ |
84,721 |
|
|
$ |
176,726 |
|
|
$ |
61,026 |
|
|
$ |
— |
|
|
$ |
765,137 |
|
Special Mention |
|
|
5,325 |
|
|
|
23,286 |
|
|
|
185 |
|
|
|
236 |
|
|
|
629 |
|
|
|
3,200 |
|
|
|
— |
|
|
|
— |
|
|
|
32,861 |
|
Substandard |
|
|
4,371 |
|
|
|
8,522 |
|
|
|
5,830 |
|
|
|
17,389 |
|
|
|
11,374 |
|
|
|
34,680 |
|
|
|
999 |
|
|
|
— |
|
|
|
83,165 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Farmland |
|
$ |
111,106 |
|
|
$ |
264,017 |
|
|
$ |
68,862 |
|
|
$ |
63,823 |
|
|
$ |
96,724 |
|
|
$ |
214,606 |
|
|
$ |
62,025 |
|
|
$ |
— |
|
|
$ |
881,163 |
|
5+ Multi-family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
216,409 |
|
|
$ |
95,985 |
|
|
$ |
194,816 |
|
|
$ |
113,863 |
|
|
$ |
558,021 |
|
|
$ |
472,075 |
|
|
$ |
6,284 |
|
|
$ |
— |
|
|
$ |
1,657,453 |
|
Special Mention |
|
|
38,831 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
97 |
|
|
|
1,086 |
|
|
|
5 |
|
|
|
— |
|
|
|
40,019 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
18,149 |
|
|
|
9,047 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,196 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total 5+ Multi-family |
|
$ |
255,240 |
|
|
$ |
95,985 |
|
|
$ |
194,816 |
|
|
$ |
132,012 |
|
|
$ |
567,165 |
|
|
$ |
473,161 |
|
|
$ |
6,289 |
|
|
$ |
— |
|
|
$ |
1,724,668 |
|
1-4 Family construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
50,751 |
|
|
$ |
40,213 |
|
|
$ |
24,781 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
115,745 |
|
Special Mention |
|
|
670 |
|
|
|
— |
|
|
|
455 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,125 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total 1-4 Family construction |
|
$ |
51,421 |
|
|
$ |
40,213 |
|
|
$ |
25,236 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
116,870 |
|
General construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
494,647 |
|
|
$ |
811,295 |
|
|
$ |
558,292 |
|
|
$ |
527,131 |
|
|
$ |
249,472 |
|
|
$ |
15,398 |
|
|
$ |
37,222 |
|
|
$ |
— |
|
|
$ |
2,693,457 |
|
Special Mention |
|
|
3,693 |
|
|
|
14,570 |
|
|
|
4,148 |
|
|
|
404 |
|
|
|
19,334 |
|
|
|
1,865 |
|
|
|
— |
|
|
|
— |
|
|
|
44,014 |
|
Substandard |
|
|
7,639 |
|
|
|
— |
|
|
|
— |
|
|
|
36,931 |
|
|
|
19,681 |
|
|
|
1,453 |
|
|
|
7,250 |
|
|
|
— |
|
|
|
72,954 |
|
Doubtful |
|
|
— |
|
|
|
99 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
99 |
|
Total General construction |
|
$ |
505,979 |
|
|
$ |
825,964 |
|
|
$ |
562,440 |
|
|
$ |
564,466 |
|
|
$ |
288,487 |
|
|
$ |
18,716 |
|
|
$ |
44,472 |
|
|
$ |
— |
|
|
$ |
2,810,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Owner-occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,135,389 |
|
|
$ |
489,616 |
|
|
$ |
529,515 |
|
|
$ |
904,187 |
|
|
$ |
751,944 |
|
|
$ |
681,592 |
|
|
$ |
39,385 |
|
|
$ |
— |
|
|
$ |
4,531,628 |
|
Special Mention |
|
|
4,148 |
|
|
|
37,092 |
|
|
|
19,605 |
|
|
|
30,991 |
|
|
|
11,892 |
|
|
|
27,290 |
|
|
|
120 |
|
|
|
— |
|
|
|
131,138 |
|
Substandard |
|
|
11,538 |
|
|
|
3,053 |
|
|
|
50,058 |
|
|
|
20,207 |
|
|
|
11,542 |
|
|
|
15,893 |
|
|
|
— |
|
|
|
— |
|
|
|
112,291 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Owner-occupied |
|
$ |
1,151,075 |
|
|
$ |
529,761 |
|
|
$ |
599,178 |
|
|
$ |
955,385 |
|
|
$ |
775,378 |
|
|
$ |
724,775 |
|
|
$ |
39,505 |
|
|
$ |
— |
|
|
$ |
4,775,057 |
|
Non-owner-occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,619,478 |
|
|
$ |
652,107 |
|
|
$ |
827,493 |
|
|
$ |
974,293 |
|
|
$ |
749,272 |
|
|
$ |
716,905 |
|
|
$ |
36,134 |
|
|
$ |
1,054 |
|
|
$ |
5,576,736 |
|
Special Mention |
|
|
23,339 |
|
|
|
1,950 |
|
|
|
— |
|
|
|
19,994 |
|
|
|
745 |
|
|
|
12,307 |
|
|
|
— |
|
|
|
— |
|
|
|
58,335 |
|
Substandard |
|
|
21,468 |
|
|
|
1,974 |
|
|
|
7,013 |
|
|
|
17,856 |
|
|
|
19,599 |
|
|
|
7,290 |
|
|
|
4,959 |
|
|
|
— |
|
|
|
80,159 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
12,952 |
|
|
|
6,688 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
19,640 |
|
Total Non-owner-occupied |
|
$ |
1,664,285 |
|
|
$ |
656,031 |
|
|
$ |
847,458 |
|
|
$ |
1,018,831 |
|
|
$ |
769,616 |
|
|
$ |
736,502 |
|
|
$ |
41,093 |
|
|
$ |
1,054 |
|
|
$ |
5,734,870 |
|
Farmland |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
230,559 |
|
|
$ |
67,852 |
|
|
$ |
65,697 |
|
|
$ |
116,281 |
|
|
$ |
80,909 |
|
|
$ |
124,702 |
|
|
$ |
65,013 |
|
|
$ |
75 |
|
|
$ |
751,088 |
|
Special Mention |
|
|
18,101 |
|
|
|
342 |
|
|
|
— |
|
|
|
115 |
|
|
|
120 |
|
|
|
1,869 |
|
|
|
— |
|
|
|
— |
|
|
|
20,547 |
|
Substandard |
|
|
10,136 |
|
|
|
6,348 |
|
|
|
20,117 |
|
|
|
14,613 |
|
|
|
2,584 |
|
|
|
36,747 |
|
|
|
1,390 |
|
|
|
— |
|
|
|
91,935 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Farmland |
|
$ |
258,796 |
|
|
$ |
74,542 |
|
|
$ |
85,814 |
|
|
$ |
131,009 |
|
|
$ |
83,613 |
|
|
$ |
163,318 |
|
|
$ |
66,403 |
|
|
$ |
75 |
|
|
$ |
863,570 |
|
5+ Multi-family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
329,902 |
|
|
$ |
179,107 |
|
|
$ |
157,535 |
|
|
$ |
543,003 |
|
|
$ |
426,213 |
|
|
$ |
96,282 |
|
|
$ |
10,441 |
|
|
$ |
— |
|
|
$ |
1,742,483 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
238 |
|
|
|
2,891 |
|
|
|
8,447 |
|
|
|
193 |
|
|
|
— |
|
|
|
— |
|
|
|
11,769 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
14,172 |
|
|
|
8,231 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
22,403 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total 5+ Multi-family |
|
$ |
329,902 |
|
|
$ |
179,107 |
|
|
$ |
171,945 |
|
|
$ |
554,125 |
|
|
$ |
434,660 |
|
|
$ |
96,475 |
|
|
$ |
10,441 |
|
|
$ |
— |
|
|
$ |
1,776,655 |
|
1-4 Family construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
74,900 |
|
|
$ |
11,104 |
|
|
$ |
— |
|
|
$ |
520 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,301 |
|
|
$ |
— |
|
|
$ |
87,825 |
|
Special Mention |
|
|
949 |
|
|
|
460 |
|
|
|
240 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,649 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total 1-4 Family construction |
|
$ |
75,849 |
|
|
$ |
11,564 |
|
|
$ |
240 |
|
|
$ |
520 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,301 |
|
|
$ |
— |
|
|
$ |
89,474 |
|
General construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,078,840 |
|
|
$ |
865,015 |
|
|
$ |
684,507 |
|
|
$ |
333,717 |
|
|
$ |
23,062 |
|
|
$ |
14,951 |
|
|
$ |
25,085 |
|
|
$ |
— |
|
|
$ |
3,025,177 |
|
Special Mention |
|
|
14,579 |
|
|
|
3,100 |
|
|
|
128 |
|
|
|
18,919 |
|
|
|
1,903 |
|
|
|
29 |
|
|
|
— |
|
|
|
— |
|
|
|
38,658 |
|
Substandard |
|
|
5,732 |
|
|
|
— |
|
|
|
34,493 |
|
|
|
20,560 |
|
|
|
3,348 |
|
|
|
1,293 |
|
|
|
7,250 |
|
|
|
— |
|
|
|
72,676 |
|
Doubtful |
|
|
102 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
102 |
|
Total General construction |
|
$ |
1,099,253 |
|
|
$ |
868,115 |
|
|
$ |
719,128 |
|
|
$ |
373,196 |
|
|
$ |
28,313 |
|
|
$ |
16,273 |
|
|
$ |
32,335 |
|
|
$ |
— |
|
|
$ |
3,136,613 |
|
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
HELOC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
532 |
|
|
$ |
1,356 |
|
|
$ |
117 |
|
|
$ |
1,001 |
|
|
$ |
1,787 |
|
|
$ |
6,139 |
|
|
$ |
749,352 |
|
|
$ |
2,546 |
|
|
$ |
762,830 |
|
Non-performing |
|
|
59 |
|
|
|
11 |
|
|
|
361 |
|
|
|
1,127 |
|
|
|
774 |
|
|
|
2,389 |
|
|
|
157 |
|
|
|
450 |
|
|
|
5,328 |
|
Total HELOC |
|
$ |
591 |
|
|
$ |
1,367 |
|
|
$ |
478 |
|
|
$ |
2,128 |
|
|
$ |
2,561 |
|
|
$ |
8,528 |
|
|
$ |
749,509 |
|
|
$ |
2,996 |
|
|
$ |
768,158 |
|
First lien: 1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
380,978 |
|
|
$ |
572,745 |
|
|
$ |
322,776 |
|
|
$ |
312,864 |
|
|
$ |
586,081 |
|
|
$ |
1,430,073 |
|
|
$ |
855 |
|
|
$ |
1,333 |
|
|
$ |
3,607,705 |
|
Non-performing |
|
|
611 |
|
|
|
1,668 |
|
|
|
530 |
|
|
|
4,425 |
|
|
|
7,425 |
|
|
|
8,943 |
|
|
|
— |
|
|
|
— |
|
|
|
23,602 |
|
Total First lien: 1-4 family |
|
$ |
381,589 |
|
|
$ |
574,413 |
|
|
$ |
323,306 |
|
|
$ |
317,289 |
|
|
$ |
593,506 |
|
|
$ |
1,439,016 |
|
|
$ |
855 |
|
|
$ |
1,333 |
|
|
$ |
3,631,307 |
|
Junior lien: 1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
9,881 |
|
|
$ |
15,698 |
|
|
$ |
24,934 |
|
|
$ |
17,297 |
|
|
$ |
25,178 |
|
|
$ |
20,748 |
|
|
$ |
491 |
|
|
$ |
— |
|
|
$ |
114,227 |
|
Non-performing |
|
|
— |
|
|
|
— |
|
|
|
39 |
|
|
|
120 |
|
|
|
52 |
|
|
|
314 |
|
|
|
— |
|
|
|
— |
|
|
|
525 |
|
Total Junior lien: 1-4 family |
|
$ |
9,881 |
|
|
$ |
15,698 |
|
|
$ |
24,973 |
|
|
$ |
17,417 |
|
|
$ |
25,230 |
|
|
$ |
21,062 |
|
|
$ |
491 |
|
|
$ |
— |
|
|
$ |
114,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
HELOC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
2,736 |
|
|
$ |
87 |
|
|
$ |
407 |
|
|
$ |
1,343 |
|
|
$ |
324 |
|
|
$ |
5,979 |
|
|
$ |
697,853 |
|
|
$ |
4,358 |
|
|
$ |
713,087 |
|
Non-performing |
|
|
12 |
|
|
|
312 |
|
|
|
349 |
|
|
|
732 |
|
|
|
253 |
|
|
|
1,805 |
|
|
|
650 |
|
|
|
973 |
|
|
|
5,086 |
|
Total HELOC |
|
$ |
2,748 |
|
|
$ |
399 |
|
|
$ |
756 |
|
|
$ |
2,075 |
|
|
$ |
577 |
|
|
$ |
7,784 |
|
|
$ |
698,503 |
|
|
$ |
5,331 |
|
|
$ |
718,173 |
|
First lien: 1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
608,545 |
|
|
$ |
367,915 |
|
|
$ |
359,419 |
|
|
$ |
624,670 |
|
|
$ |
732,306 |
|
|
$ |
824,314 |
|
|
$ |
6,864 |
|
|
$ |
13 |
|
|
$ |
3,524,046 |
|
Non-performing |
|
|
44,788 |
|
|
|
241 |
|
|
|
4,986 |
|
|
|
6,885 |
|
|
|
3,445 |
|
|
|
6,256 |
|
|
|
— |
|
|
|
— |
|
|
|
66,601 |
|
Total First lien: 1-4 family |
|
$ |
653,333 |
|
|
$ |
368,156 |
|
|
$ |
364,405 |
|
|
$ |
631,555 |
|
|
$ |
735,751 |
|
|
$ |
830,570 |
|
|
$ |
6,864 |
|
|
$ |
13 |
|
|
$ |
3,590,647 |
|
Junior lien: 1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
20,419 |
|
|
$ |
30,975 |
|
|
$ |
19,202 |
|
|
$ |
28,417 |
|
|
$ |
17,324 |
|
|
$ |
5,974 |
|
|
$ |
4,766 |
|
|
$ |
— |
|
|
$ |
127,077 |
|
Non-performing |
|
|
39 |
|
|
|
246 |
|
|
|
10 |
|
|
|
121 |
|
|
|
81 |
|
|
|
74 |
|
|
|
— |
|
|
|
— |
|
|
|
571 |
|
Total Junior lien: 1-4 family |
|
$ |
20,458 |
|
|
$ |
31,221 |
|
|
$ |
19,212 |
|
|
$ |
28,538 |
|
|
$ |
17,405 |
|
|
$ |
6,048 |
|
|
$ |
4,766 |
|
|
$ |
— |
|
|
$ |
127,648 |
|
The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Revolving line |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
— |
|
|
$ |
484 |
|
|
$ |
34 |
|
|
$ |
96 |
|
|
$ |
442 |
|
|
$ |
705 |
|
|
$ |
160,751 |
|
|
$ |
6,937 |
|
|
$ |
169,449 |
|
Non-performing |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
4 |
|
|
|
47 |
|
|
|
53 |
|
Total Revolving line |
|
$ |
— |
|
|
$ |
484 |
|
|
$ |
34 |
|
|
$ |
96 |
|
|
$ |
442 |
|
|
$ |
707 |
|
|
$ |
160,755 |
|
|
$ |
6,984 |
|
|
$ |
169,502 |
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
6,530 |
|
|
$ |
6,380 |
|
|
$ |
5,421 |
|
|
$ |
6,891 |
|
|
$ |
3,375 |
|
|
$ |
603 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,200 |
|
Non-performing |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
32 |
|
|
|
5 |
|
|
|
— |
|
|
|
— |
|
|
|
37 |
|
Total Auto |
|
$ |
6,530 |
|
|
$ |
6,380 |
|
|
$ |
5,421 |
|
|
$ |
6,891 |
|
|
$ |
3,407 |
|
|
$ |
608 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,237 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
5,293 |
|
|
$ |
10,126 |
|
|
$ |
7,386 |
|
|
$ |
2,483 |
|
|
$ |
5,283 |
|
|
$ |
1,515 |
|
|
$ |
38,295 |
|
|
$ |
— |
|
|
$ |
70,381 |
|
Non-performing |
|
|
— |
|
|
|
— |
|
|
|
36 |
|
|
|
— |
|
|
|
18 |
|
|
|
23 |
|
|
|
— |
|
|
|
— |
|
|
|
77 |
|
Total Other |
|
$ |
5,293 |
|
|
$ |
10,126 |
|
|
$ |
7,422 |
|
|
$ |
2,483 |
|
|
$ |
5,301 |
|
|
$ |
1,538 |
|
|
$ |
38,295 |
|
|
$ |
— |
|
|
$ |
70,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Amortized Cost Basis by Origination Year - Term Loans |
|
|
|
|
|
|
|
|
|
|
Risk by Collateral |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Amortized Cost - Revolving Loans |
|
|
Amortized Cost - Revolving Loans Converted to Term Loans |
|
|
Total |
|
Revolving line |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
1,485 |
|
|
$ |
34 |
|
|
$ |
23 |
|
|
$ |
47 |
|
|
$ |
24 |
|
|
$ |
525 |
|
|
$ |
159,834 |
|
|
$ |
99 |
|
|
$ |
162,071 |
|
Non-performing |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
1 |
|
|
|
620 |
|
|
|
3 |
|
|
|
626 |
|
Total Revolving line |
|
$ |
1,485 |
|
|
$ |
34 |
|
|
$ |
23 |
|
|
$ |
49 |
|
|
$ |
24 |
|
|
$ |
526 |
|
|
$ |
160,454 |
|
|
$ |
102 |
|
|
$ |
162,697 |
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
8,179 |
|
|
$ |
7,292 |
|
|
$ |
9,725 |
|
|
$ |
5,290 |
|
|
$ |
1,109 |
|
|
$ |
248 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
31,843 |
|
Non-performing |
|
|
— |
|
|
|
— |
|
|
|
18 |
|
|
|
17 |
|
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
44 |
|
Total Auto |
|
$ |
8,179 |
|
|
$ |
7,292 |
|
|
$ |
9,743 |
|
|
$ |
5,307 |
|
|
$ |
1,118 |
|
|
$ |
248 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
31,887 |
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
12,905 |
|
|
$ |
11,161 |
|
|
$ |
3,514 |
|
|
$ |
5,893 |
|
|
$ |
849 |
|
|
$ |
1,245 |
|
|
$ |
8,567 |
|
|
$ |
— |
|
|
$ |
44,134 |
|
Non-performing |
|
|
2 |
|
|
|
36 |
|
|
|
— |
|
|
|
24 |
|
|
|
4 |
|
|
|
27 |
|
|
|
— |
|
|
|
— |
|
|
|
93 |
|
Total Other |
|
$ |
12,907 |
|
|
$ |
11,197 |
|
|
$ |
3,514 |
|
|
$ |
5,917 |
|
|
$ |
853 |
|
|
$ |
1,272 |
|
|
$ |
8,567 |
|
|
$ |
— |
|
|
$ |
44,227 |
|
The following tables provide a summary of the amortized cost balance of consumer credit cards by risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
Risk |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Transactor accounts |
|
$ |
129,826 |
|
|
$ |
123,445 |
|
Revolver accounts (by credit score): |
|
|
|
|
|
|
Less than 600 |
|
|
12,576 |
|
|
|
13,123 |
|
600-619 |
|
|
6,330 |
|
|
|
7,127 |
|
620-639 |
|
|
11,848 |
|
|
|
12,243 |
|
640-659 |
|
|
19,127 |
|
|
|
19,679 |
|
660-679 |
|
|
20,074 |
|
|
|
20,261 |
|
680-699 |
|
|
22,510 |
|
|
|
22,814 |
|
700-719 |
|
|
24,802 |
|
|
|
25,385 |
|
720-739 |
|
|
22,074 |
|
|
|
22,547 |
|
740-759 |
|
|
19,735 |
|
|
|
19,838 |
|
760-779 |
|
|
19,949 |
|
|
|
19,864 |
|
780-799 |
|
|
17,987 |
|
|
|
18,774 |
|
800-819 |
|
|
11,677 |
|
|
|
11,782 |
|
820-839 |
|
|
5,973 |
|
|
|
6,151 |
|
840+ |
|
|
1,229 |
|
|
|
1,213 |
|
Total |
|
$ |
345,717 |
|
|
$ |
344,246 |
|
The following table provides a summary of the amortized cost balance of consumer credit cards considered significantly delinquent for a co-branded portfolio by delinquent cycles as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
Risk |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
61-90 Days |
|
$ |
665 |
|
|
$ |
1,084 |
|
91-120 Days |
|
|
631 |
|
|
|
848 |
|
121-150 Days |
|
|
597 |
|
|
|
805 |
|
151-180 Days |
|
|
562 |
|
|
|
766 |
|
Total |
|
$ |
2,455 |
|
|
$ |
3,503 |
|
The following table provides a summary of the amortized cost balance of commercial credit cards by risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
Risk |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Current |
|
$ |
326,000 |
|
|
$ |
330,585 |
|
Past Due |
|
|
27,060 |
|
|
|
22,399 |
|
Total |
|
$ |
353,060 |
|
|
$ |
352,984 |
|
The following table provides a summary of the amortized cost balance by collateral type and risk rating as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leases |
|
|
Other |
|
Risk |
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
Pass |
|
$ |
933 |
|
|
$ |
1,214 |
|
|
$ |
499,312 |
|
|
$ |
237,186 |
|
Special Mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
933 |
|
|
$ |
1,214 |
|
|
$ |
499,312 |
|
|
$ |
237,186 |
|
|
| Rollforward of Allowance for Credit/Loan Losses by Portfolio Segment |
This table provides a rollforward of the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2026 and June 30, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
|
Commercial and industrial |
|
|
Specialty lending |
|
|
Commercial real estate |
|
|
Consumer real estate |
|
|
Consumer |
|
|
Credit cards |
|
|
Leases and other |
|
|
Total - Loans |
|
|
HTM |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
252,669 |
|
|
$ |
— |
|
|
$ |
146,435 |
|
|
$ |
5,134 |
|
|
$ |
1,319 |
|
|
$ |
18,531 |
|
|
$ |
1,788 |
|
|
$ |
425,876 |
|
|
$ |
3,357 |
|
|
$ |
429,233 |
|
Charge-offs |
|
|
(8,923 |
) |
|
|
— |
|
|
|
(1,173 |
) |
|
|
(386 |
) |
|
|
(972 |
) |
|
|
(6,326 |
) |
|
|
— |
|
|
|
(17,780 |
) |
|
|
— |
|
|
|
(17,780 |
) |
Recoveries |
|
|
422 |
|
|
|
— |
|
|
|
26 |
|
|
|
22 |
|
|
|
154 |
|
|
|
1,295 |
|
|
|
— |
|
|
|
1,919 |
|
|
|
— |
|
|
|
1,919 |
|
Provision |
|
|
51,144 |
|
|
|
— |
|
|
|
(33,292 |
) |
|
|
940 |
|
|
|
1,470 |
|
|
|
4,590 |
|
|
|
2,509 |
|
|
|
27,361 |
|
|
|
639 |
|
|
|
28,000 |
|
Ending balance - ACL |
|
$ |
295,312 |
|
|
$ |
— |
|
|
$ |
111,996 |
|
|
$ |
5,710 |
|
|
$ |
1,971 |
|
|
$ |
18,090 |
|
|
$ |
4,297 |
|
|
$ |
437,376 |
|
|
$ |
3,996 |
|
|
$ |
441,372 |
|
Allowance for credit losses on off-balance sheet credit exposures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
3,865 |
|
|
$ |
— |
|
|
$ |
1,608 |
|
|
$ |
116 |
|
|
$ |
77 |
|
|
$ |
— |
|
|
$ |
31 |
|
|
$ |
5,697 |
|
|
$ |
24 |
|
|
$ |
5,721 |
|
Provision |
|
|
96 |
|
|
|
— |
|
|
|
(197 |
) |
|
|
(17 |
) |
|
|
6 |
|
|
|
— |
|
|
|
114 |
|
|
|
2 |
|
|
|
(2 |
) |
|
|
— |
|
Ending balance - ACL on off-balance sheet |
|
$ |
3,961 |
|
|
$ |
— |
|
|
$ |
1,411 |
|
|
$ |
99 |
|
|
$ |
83 |
|
|
$ |
— |
|
|
$ |
145 |
|
|
$ |
5,699 |
|
|
$ |
22 |
|
|
$ |
5,721 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
Commercial and industrial |
|
|
Specialty lending |
|
|
Commercial real estate |
|
|
Consumer real estate |
|
|
Consumer |
|
|
Credit cards |
|
|
Leases and other |
|
|
Total - Loans |
|
|
HTM |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
192,755 |
|
|
$ |
— |
|
|
$ |
149,345 |
|
|
$ |
4,798 |
|
|
$ |
1,488 |
|
|
$ |
19,995 |
|
|
$ |
541 |
|
|
$ |
368,922 |
|
|
$ |
4,566 |
|
|
$ |
373,488 |
|
PCD allowance for credit loss at acquisition |
|
|
9,883 |
|
|
|
— |
|
|
|
5,284 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15,167 |
|
|
|
— |
|
|
|
15,167 |
|
Charge-offs |
|
|
(6,112 |
) |
|
|
— |
|
|
|
(4,178 |
) |
|
|
(400 |
) |
|
|
(681 |
) |
|
|
(5,524 |
) |
|
|
— |
|
|
|
(16,895 |
) |
|
|
— |
|
|
|
(16,895 |
) |
Recoveries |
|
|
120 |
|
|
|
— |
|
|
|
184 |
|
|
|
147 |
|
|
|
126 |
|
|
|
856 |
|
|
|
— |
|
|
|
1,433 |
|
|
|
— |
|
|
|
1,433 |
|
Provision |
|
|
14,082 |
|
|
|
— |
|
|
|
2,854 |
|
|
|
976 |
|
|
|
634 |
|
|
|
2,586 |
|
|
|
159 |
|
|
|
21,291 |
|
|
|
(291 |
) |
|
|
21,000 |
|
Ending balance - ACL |
|
$ |
210,728 |
|
|
$ |
— |
|
|
$ |
153,489 |
|
|
$ |
5,521 |
|
|
$ |
1,567 |
|
|
$ |
17,913 |
|
|
$ |
700 |
|
|
$ |
389,918 |
|
|
$ |
4,275 |
|
|
$ |
394,193 |
|
Allowance for credit losses on off-balance sheet credit exposures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
5,535 |
|
|
$ |
— |
|
|
$ |
2,412 |
|
|
$ |
138 |
|
|
$ |
91 |
|
|
$ |
— |
|
|
$ |
35 |
|
|
$ |
8,211 |
|
|
$ |
10 |
|
|
$ |
8,221 |
|
Initial allowance for credit loss at acquisition |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Provision |
|
|
(1,204 |
) |
|
|
— |
|
|
|
1,128 |
|
|
|
42 |
|
|
|
7 |
|
|
|
— |
|
|
|
19 |
|
|
|
(8 |
) |
|
|
8 |
|
|
|
— |
|
Ending balance - ACL on off-balance sheet |
|
$ |
4,331 |
|
|
$ |
— |
|
|
$ |
3,540 |
|
|
$ |
180 |
|
|
$ |
98 |
|
|
$ |
— |
|
|
$ |
54 |
|
|
$ |
8,203 |
|
|
$ |
18 |
|
|
$ |
8,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
Commercial and industrial |
|
|
Specialty lending |
|
|
Commercial real estate |
|
|
Consumer real estate |
|
|
Consumer |
|
|
Credit cards |
|
|
Leases and other |
|
|
Total - Loans |
|
|
HTM |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
240,324 |
|
|
$ |
— |
|
|
$ |
151,060 |
|
|
$ |
6,938 |
|
|
$ |
1,387 |
|
|
$ |
18,042 |
|
|
$ |
1,727 |
|
|
$ |
419,478 |
|
|
$ |
1,684 |
|
|
$ |
421,162 |
|
Charge-offs |
|
|
(12,272 |
) |
|
|
— |
|
|
|
(11,937 |
) |
|
|
(899 |
) |
|
|
(2,057 |
) |
|
|
(12,202 |
) |
|
|
— |
|
|
|
(39,367 |
) |
|
|
— |
|
|
|
(39,367 |
) |
Recoveries |
|
|
1,512 |
|
|
|
— |
|
|
|
29 |
|
|
|
41 |
|
|
|
453 |
|
|
|
2,522 |
|
|
|
20 |
|
|
|
4,577 |
|
|
|
— |
|
|
|
4,577 |
|
Provision |
|
|
65,748 |
|
|
|
— |
|
|
|
(27,156 |
) |
|
|
(370 |
) |
|
|
2,188 |
|
|
|
9,728 |
|
|
|
2,550 |
|
|
|
52,688 |
|
|
|
2,312 |
|
|
|
55,000 |
|
Ending balance - ACL |
|
$ |
295,312 |
|
|
$ |
— |
|
|
$ |
111,996 |
|
|
$ |
5,710 |
|
|
$ |
1,971 |
|
|
$ |
18,090 |
|
|
$ |
4,297 |
|
|
$ |
437,376 |
|
|
$ |
3,996 |
|
|
$ |
441,372 |
|
Allowance for credit losses on off-balance sheet credit exposures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
2,886 |
|
|
$ |
— |
|
|
$ |
2,548 |
|
|
$ |
154 |
|
|
$ |
91 |
|
|
$ |
— |
|
|
$ |
27 |
|
|
$ |
5,706 |
|
|
$ |
15 |
|
|
$ |
5,721 |
|
Provision |
|
|
1,075 |
|
|
|
— |
|
|
|
(1,137 |
) |
|
|
(55 |
) |
|
|
(8 |
) |
|
|
— |
|
|
|
118 |
|
|
|
(7 |
) |
|
|
7 |
|
|
|
— |
|
Ending balance - ACL on off-balance sheet |
|
$ |
3,961 |
|
|
$ |
— |
|
|
$ |
1,411 |
|
|
$ |
99 |
|
|
$ |
83 |
|
|
$ |
— |
|
|
$ |
145 |
|
|
$ |
5,699 |
|
|
$ |
22 |
|
|
$ |
5,721 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
Commercial and industrial |
|
|
Specialty lending |
|
|
Commercial real estate |
|
|
Consumer real estate |
|
|
Consumer |
|
|
Credit cards |
|
|
Leases and other |
|
|
Total - Loans |
|
|
HTM |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
161,553 |
|
|
$ |
— |
|
|
$ |
77,340 |
|
|
$ |
4,327 |
|
|
$ |
966 |
|
|
$ |
14,272 |
|
|
$ |
631 |
|
|
$ |
259,089 |
|
|
$ |
2,645 |
|
|
$ |
261,734 |
|
PCD allowance for credit loss at acquisition |
|
|
45,026 |
|
|
|
— |
|
|
|
32,048 |
|
|
|
206 |
|
|
|
13 |
|
|
|
— |
|
|
|
— |
|
|
|
77,293 |
|
|
|
— |
|
|
|
77,293 |
|
Charge-offs |
|
|
(32,108 |
) |
|
|
— |
|
|
|
(6,502 |
) |
|
|
(1,629 |
) |
|
|
(1,423 |
) |
|
|
(12,200 |
) |
|
|
— |
|
|
|
(53,862 |
) |
|
|
— |
|
|
|
(53,862 |
) |
Recoveries |
|
|
189 |
|
|
|
— |
|
|
|
184 |
|
|
|
163 |
|
|
|
245 |
|
|
|
1,747 |
|
|
|
— |
|
|
|
2,528 |
|
|
|
— |
|
|
|
2,528 |
|
Provision |
|
|
36,068 |
|
|
|
— |
|
|
|
50,419 |
|
|
|
2,454 |
|
|
|
1,766 |
|
|
|
14,094 |
|
|
|
69 |
|
|
|
104,870 |
|
|
|
1,630 |
|
|
|
106,500 |
|
Ending balance - ACL |
|
$ |
210,728 |
|
|
$ |
— |
|
|
$ |
153,489 |
|
|
$ |
5,521 |
|
|
$ |
1,567 |
|
|
$ |
17,913 |
|
|
$ |
700 |
|
|
$ |
389,918 |
|
|
$ |
4,275 |
|
|
$ |
394,193 |
|
Allowance for credit losses on off-balance sheet credit exposures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
2,234 |
|
|
$ |
— |
|
|
$ |
1,741 |
|
|
$ |
70 |
|
|
$ |
16 |
|
|
$ |
— |
|
|
$ |
63 |
|
|
$ |
4,124 |
|
|
$ |
14 |
|
|
$ |
4,138 |
|
Initial allowance for credit loss at acquisition |
|
|
2,166 |
|
|
|
— |
|
|
|
1,192 |
|
|
|
63 |
|
|
|
41 |
|
|
|
— |
|
|
|
114 |
|
|
|
3,576 |
|
|
|
7 |
|
|
|
3,583 |
|
Provision |
|
|
(69 |
) |
|
|
— |
|
|
|
607 |
|
|
|
47 |
|
|
|
41 |
|
|
|
— |
|
|
|
(123 |
) |
|
|
503 |
|
|
|
(3 |
) |
|
|
500 |
|
Ending balance - ACL on off-balance sheet |
|
$ |
4,331 |
|
|
$ |
— |
|
|
$ |
3,540 |
|
|
$ |
180 |
|
|
$ |
98 |
|
|
$ |
— |
|
|
$ |
54 |
|
|
$ |
8,203 |
|
|
$ |
18 |
|
|
$ |
8,221 |
|
|
| Summary of Amortized Cost Balance of Financial Assets Considered Collateral Dependent |
The following tables provide the amortized cost balance of financial assets considered collateral dependent as of June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Loan Segment and Type |
|
Amortized Cost of Collateral Dependent Assets |
|
|
Related Allowance for Credit Losses |
|
|
Amortized Cost of Collateral Dependent Assets with no related Allowance |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
Equipment/Accounts Receivable/Inventory |
|
$ |
28,942 |
|
|
$ |
9,214 |
|
|
$ |
13,077 |
|
Agriculture |
|
|
759 |
|
|
|
— |
|
|
|
759 |
|
NDFIs |
|
|
4,216 |
|
|
|
3,825 |
|
|
|
392 |
|
Total Commercial and industrial |
|
|
33,917 |
|
|
|
13,039 |
|
|
|
14,228 |
|
Specialty lending: |
|
|
|
|
|
|
|
|
|
Asset-based lending |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Specialty lending |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
Owner-occupied |
|
|
19,930 |
|
|
|
895 |
|
|
|
17,601 |
|
Non-owner-occupied |
|
|
24,009 |
|
|
|
3,256 |
|
|
|
3,689 |
|
Farmland |
|
|
3,274 |
|
|
|
— |
|
|
|
3,274 |
|
5+ Multi-family |
|
|
14,568 |
|
|
|
— |
|
|
|
14,568 |
|
1-4 Family construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
General construction |
|
|
183 |
|
|
|
— |
|
|
|
183 |
|
Total Commercial real estate |
|
|
61,964 |
|
|
|
4,151 |
|
|
|
39,315 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
HELOC |
|
|
5,523 |
|
|
|
— |
|
|
|
5,523 |
|
First lien: 1-4 family |
|
|
24,482 |
|
|
|
52 |
|
|
|
23,472 |
|
Junior lien: 1-4 family |
|
|
556 |
|
|
|
— |
|
|
|
556 |
|
Total Consumer real estate |
|
|
30,561 |
|
|
|
52 |
|
|
|
29,551 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
Revolving line |
|
|
61 |
|
|
|
— |
|
|
|
61 |
|
Auto |
|
|
39 |
|
|
|
— |
|
|
|
39 |
|
Other |
|
|
77 |
|
|
|
— |
|
|
|
77 |
|
Total Consumer |
|
|
177 |
|
|
|
— |
|
|
|
177 |
|
Leases and other: |
|
|
|
|
|
|
|
|
|
Leases |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Leases and other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total loans |
|
$ |
126,619 |
|
|
$ |
17,242 |
|
|
$ |
83,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Loan Segment and Type |
|
Amortized Cost of Collateral Dependent Assets |
|
|
Related Allowance for Credit Losses |
|
|
Amortized Cost of Collateral Dependent Assets with no related Allowance |
|
Commercial and industrial: |
|
|
|
|
|
|
|
|
|
Equipment/Accounts Receivable/Inventory |
|
$ |
23,594 |
|
|
$ |
10,741 |
|
|
$ |
9,274 |
|
Agriculture |
|
|
2,186 |
|
|
|
687 |
|
|
|
743 |
|
NDFIs |
|
|
853 |
|
|
|
— |
|
|
|
853 |
|
Total Commercial and industrial |
|
|
26,633 |
|
|
|
11,428 |
|
|
|
10,870 |
|
Specialty lending: |
|
|
|
|
|
|
|
|
|
Asset-based lending |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Specialty lending |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
Owner-occupied |
|
|
10,905 |
|
|
|
2,240 |
|
|
|
3,746 |
|
Non-owner-occupied |
|
|
50,955 |
|
|
|
9,093 |
|
|
|
8,957 |
|
Farmland |
|
|
3,389 |
|
|
|
— |
|
|
|
3,389 |
|
5+ Multi-family |
|
|
14,324 |
|
|
|
— |
|
|
|
14,324 |
|
1-4 Family construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
General construction |
|
|
7,408 |
|
|
|
161 |
|
|
|
5,700 |
|
Total Commercial real estate |
|
|
86,981 |
|
|
|
11,494 |
|
|
|
36,116 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
HELOC |
|
|
5,319 |
|
|
|
— |
|
|
|
5,319 |
|
First lien: 1-4 family |
|
|
23,969 |
|
|
|
205 |
|
|
|
22,720 |
|
Junior lien: 1-4 family |
|
|
622 |
|
|
|
— |
|
|
|
622 |
|
Total Consumer real estate |
|
|
29,910 |
|
|
|
205 |
|
|
|
28,661 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
Revolving line |
|
|
633 |
|
|
|
— |
|
|
|
633 |
|
Auto |
|
|
47 |
|
|
|
— |
|
|
|
47 |
|
Other |
|
|
97 |
|
|
|
— |
|
|
|
97 |
|
Total Consumer |
|
|
777 |
|
|
|
— |
|
|
|
777 |
|
Leases and other: |
|
|
|
|
|
|
|
|
|
Leases |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Leases and other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total loans |
|
$ |
144,301 |
|
|
$ |
23,127 |
|
|
$ |
76,424 |
|
|