Loans Held-for-Investment and Allowance for Credit Losses (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Receivables [Abstract] |
|
| Loans Held-for-Investment by Portfolio Segment |
Loans held-for-investment by portfolio segment are as follows (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Commercial: |
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
1,087,656 |
|
|
$ |
1,116,461 |
|
Municipal |
|
|
419,070 |
|
|
|
342,501 |
|
Total Commercial |
|
|
1,506,726 |
|
|
|
1,458,962 |
|
Agricultural |
|
|
81,786 |
|
|
|
95,776 |
|
Real Estate: |
|
|
|
|
|
|
Construction & Development |
|
|
1,191,082 |
|
|
|
1,157,865 |
|
Farm |
|
|
344,483 |
|
|
|
327,625 |
|
Non-Owner Occupied CRE |
|
|
831,929 |
|
|
|
832,816 |
|
Owner Occupied CRE |
|
|
1,144,093 |
|
|
|
1,120,608 |
|
Residential |
|
|
2,322,000 |
|
|
|
2,285,830 |
|
Total Real Estate |
|
|
5,833,587 |
|
|
|
5,724,744 |
|
Consumer: |
|
|
|
|
|
|
Auto |
|
|
776,433 |
|
|
|
732,351 |
|
Non-Auto |
|
|
148,399 |
|
|
|
146,443 |
|
Total Consumer |
|
|
924,832 |
|
|
|
878,794 |
|
Total Loans |
|
|
8,346,931 |
|
|
|
8,158,276 |
|
Less: Allowance for credit losses |
|
|
(112,433 |
) |
|
|
(105,536 |
) |
Loans, net |
|
$ |
8,234,498 |
|
|
$ |
8,052,740 |
|
|
| Schedule of amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing |
The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing as of June 30, 2026, and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
(Dollars in thousands) |
Non-accrual |
|
|
Non-accrual loans without a specific ACL |
|
|
Accruing loans past due more than 90 days |
|
|
Non-accrual |
|
|
Non-accrual loans without a specific ACL |
|
|
Accruing loans past due more than 90 days |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
$ |
5,133 |
|
|
$ |
86 |
|
|
$ |
400 |
|
|
$ |
3,639 |
|
|
$ |
110 |
|
|
$ |
— |
|
Municipal |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
— |
|
Agricultural |
|
1,383 |
|
|
|
— |
|
|
|
— |
|
|
|
1,622 |
|
|
|
274 |
|
|
|
— |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
2,651 |
|
|
|
— |
|
|
|
394 |
|
|
|
2,644 |
|
|
|
— |
|
|
|
404 |
|
Farm |
|
1,986 |
|
|
|
1,986 |
|
|
|
— |
|
|
|
2,066 |
|
|
|
1,858 |
|
|
|
— |
|
Non-Owner Occupied CRE |
|
6,384 |
|
|
|
4,595 |
|
|
|
— |
|
|
|
2,874 |
|
|
|
1,243 |
|
|
|
— |
|
Owner Occupied CRE |
|
23,718 |
|
|
|
14,744 |
|
|
|
— |
|
|
|
26,606 |
|
|
|
15,939 |
|
|
|
488 |
|
Residential |
|
21,098 |
|
|
|
6,960 |
|
|
|
164 |
|
|
|
14,558 |
|
|
|
4,827 |
|
|
|
— |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
783 |
|
|
|
— |
|
|
|
— |
|
|
|
871 |
|
|
|
— |
|
|
|
— |
|
Non-Auto |
|
174 |
|
|
|
— |
|
|
|
— |
|
|
|
224 |
|
|
|
— |
|
|
|
— |
|
Total Loans |
$ |
63,310 |
|
|
$ |
28,371 |
|
|
$ |
958 |
|
|
$ |
55,121 |
|
|
$ |
24,251 |
|
|
$ |
892 |
|
|
| Schedule of Past Due Loans |
At June 30, 2026 and December 31, 2025, the Company’s past due loans are as follows (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
15-59
Days
Past
Due* |
|
|
60-89
Days
Past
Due |
|
|
Greater
Than 90
Days |
|
|
Total Past
Due |
|
|
Current |
|
|
Total Loans |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
5,941 |
|
|
$ |
1,812 |
|
|
$ |
3,670 |
|
|
$ |
11,423 |
|
|
$ |
1,076,233 |
|
|
$ |
1,087,656 |
|
Municipal |
|
|
320 |
|
|
|
— |
|
|
|
— |
|
|
|
320 |
|
|
|
418,750 |
|
|
|
419,070 |
|
Agricultural |
|
|
871 |
|
|
|
183 |
|
|
|
808 |
|
|
|
1,862 |
|
|
|
79,924 |
|
|
|
81,786 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
2,510 |
|
|
|
263 |
|
|
|
2,486 |
|
|
|
5,259 |
|
|
|
1,185,823 |
|
|
|
1,191,082 |
|
Farm |
|
|
460 |
|
|
|
— |
|
|
|
— |
|
|
|
460 |
|
|
|
344,023 |
|
|
|
344,483 |
|
Non-Owner Occupied CRE |
|
|
613 |
|
|
|
877 |
|
|
|
2,630 |
|
|
|
4,120 |
|
|
|
827,809 |
|
|
|
831,929 |
|
Owner Occupied CRE |
|
|
992 |
|
|
|
566 |
|
|
|
649 |
|
|
|
2,207 |
|
|
|
1,141,886 |
|
|
|
1,144,093 |
|
Residential |
|
|
26,566 |
|
|
|
3,869 |
|
|
|
4,830 |
|
|
|
35,265 |
|
|
|
2,286,735 |
|
|
|
2,322,000 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
627 |
|
|
|
148 |
|
|
|
— |
|
|
|
775 |
|
|
|
775,658 |
|
|
|
776,433 |
|
Non-Auto |
|
|
307 |
|
|
|
25 |
|
|
|
10 |
|
|
|
342 |
|
|
|
148,057 |
|
|
|
148,399 |
|
Total |
|
$ |
39,207 |
|
|
$ |
7,743 |
|
|
$ |
15,083 |
|
|
$ |
62,033 |
|
|
$ |
8,284,898 |
|
|
$ |
8,346,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
15-59
Days
Past
Due* |
|
|
60-89
Days
Past Due |
|
|
Greater
Than 90
Days |
|
|
Total Past
Due |
|
|
Current |
|
|
Total Loans |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
3,760 |
|
|
$ |
850 |
|
|
$ |
876 |
|
|
$ |
5,486 |
|
|
$ |
1,110,975 |
|
|
$ |
1,116,461 |
|
Municipal |
|
|
1,471 |
|
|
|
17 |
|
|
|
— |
|
|
|
1,488 |
|
|
|
341,013 |
|
|
|
342,501 |
|
Agricultural |
|
|
426 |
|
|
|
— |
|
|
|
739 |
|
|
|
1,165 |
|
|
|
94,611 |
|
|
|
95,776 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
10,656 |
|
|
|
605 |
|
|
|
544 |
|
|
|
11,805 |
|
|
|
1,146,060 |
|
|
|
1,157,865 |
|
Farm |
|
|
915 |
|
|
|
126 |
|
|
|
789 |
|
|
|
1,830 |
|
|
|
325,795 |
|
|
|
327,625 |
|
Non-Owner Occupied CRE |
|
|
1,489 |
|
|
|
— |
|
|
|
— |
|
|
|
1,489 |
|
|
|
831,327 |
|
|
|
832,816 |
|
Owner Occupied CRE |
|
|
9,582 |
|
|
|
13,631 |
|
|
|
1,536 |
|
|
|
24,749 |
|
|
|
1,095,859 |
|
|
|
1,120,608 |
|
Residential |
|
|
21,505 |
|
|
|
3,493 |
|
|
|
3,340 |
|
|
|
28,338 |
|
|
|
2,257,492 |
|
|
|
2,285,830 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
1,161 |
|
|
|
92 |
|
|
|
— |
|
|
|
1,253 |
|
|
|
731,098 |
|
|
|
732,351 |
|
Non-Auto |
|
|
362 |
|
|
|
27 |
|
|
|
46 |
|
|
|
435 |
|
|
|
146,008 |
|
|
|
146,443 |
|
Total |
|
$ |
51,327 |
|
|
$ |
18,841 |
|
|
$ |
7,870 |
|
|
$ |
78,038 |
|
|
$ |
8,080,238 |
|
|
$ |
8,158,276 |
|
* The Company monitors commercial, agricultural and real estate loans after such loans are 15 days past due. Consumer loans are monitored after such loans are 30 days past due.
|
| Changes in Allowance for Loan Losses |
Summary information on the allowance for credit losses for the three-months ended June 30, 2026 and 2025, are outlined by portfolio segment in the following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
Beginning balance |
|
|
Provision for credit losses(1) |
|
|
Charge-offs |
|
|
Recoveries |
|
|
Ending balance |
|
Three-Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
$ |
20,715 |
|
|
$ |
(994 |
) |
|
$ |
(308 |
) |
|
$ |
266 |
|
|
$ |
19,679 |
|
Municipal |
|
252 |
|
|
|
30 |
|
|
|
— |
|
|
|
— |
|
|
|
282 |
|
Agricultural |
|
339 |
|
|
|
(200 |
) |
|
|
(6 |
) |
|
|
41 |
|
|
|
174 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
17,614 |
|
|
|
230 |
|
|
|
(29 |
) |
|
|
— |
|
|
|
17,815 |
|
Farm |
|
2,488 |
|
|
|
(118 |
) |
|
|
— |
|
|
|
— |
|
|
|
2,370 |
|
Non-Owner Occupied CRE |
|
13,869 |
|
|
|
(447 |
) |
|
|
— |
|
|
|
14 |
|
|
|
13,436 |
|
Owner Occupied CRE |
|
24,336 |
|
|
|
(2,207 |
) |
|
|
— |
|
|
|
1,001 |
|
|
|
23,130 |
|
Residential |
|
25,944 |
|
|
|
7,400 |
|
|
|
(364 |
) |
|
|
23 |
|
|
|
33,003 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
1,856 |
|
|
|
154 |
|
|
|
(160 |
) |
|
|
127 |
|
|
|
1,977 |
|
Non-Auto |
|
505 |
|
|
|
67 |
|
|
|
(94 |
) |
|
|
89 |
|
|
|
567 |
|
Total |
$ |
107,918 |
|
|
$ |
3,915 |
|
|
$ |
(961 |
) |
|
$ |
1,561 |
|
|
$ |
112,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
$ |
15,592 |
|
|
$ |
2,502 |
|
|
$ |
(320 |
) |
|
$ |
100 |
|
|
$ |
17,874 |
|
Municipal |
|
360 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
361 |
|
Agricultural |
|
1,564 |
|
|
|
(665 |
) |
|
|
— |
|
|
|
38 |
|
|
|
937 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
19,717 |
|
|
|
2,368 |
|
|
|
(40 |
) |
|
|
2 |
|
|
|
22,047 |
|
Farm |
|
2,919 |
|
|
|
(135 |
) |
|
|
— |
|
|
|
— |
|
|
|
2,784 |
|
Non-Owner Occupied CRE |
|
15,709 |
|
|
|
(1,456 |
) |
|
|
(250 |
) |
|
|
5 |
|
|
|
14,008 |
|
Owner Occupied CRE |
|
21,492 |
|
|
|
(239 |
) |
|
|
— |
|
|
|
5 |
|
|
|
21,258 |
|
Residential |
|
21,739 |
|
|
|
(130 |
) |
|
|
(154 |
) |
|
|
22 |
|
|
|
21,477 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
1,495 |
|
|
|
199 |
|
|
|
(277 |
) |
|
|
129 |
|
|
|
1,546 |
|
Non-Auto |
|
493 |
|
|
|
(13 |
) |
|
|
(148 |
) |
|
|
168 |
|
|
|
500 |
|
Total |
$ |
101,080 |
|
|
$ |
2,432 |
|
|
$ |
(1,189 |
) |
|
$ |
469 |
|
|
$ |
102,792 |
|
(1) For the three-months ended June 30, 2026 and 2025, the provision for credit losses of $4,183,000 and $3,132,000, respectively, on the consolidated statements of earnings includes a provision for credit losses on loans of $3,915,000 and $2,432,000, respectively, and a provision for off-balance sheet unfunded commitments of $268,000 and $700,000, respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
Beginning balance |
|
|
Provision for credit losses(1) |
|
|
Charge-offs |
|
|
Recoveries |
|
|
Ending balance |
|
Six-Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
$ |
17,696 |
|
|
$ |
1,669 |
|
|
$ |
(546 |
) |
|
$ |
860 |
|
|
$ |
19,679 |
|
Municipal |
|
135 |
|
|
|
147 |
|
|
|
— |
|
|
|
— |
|
|
|
282 |
|
Agricultural |
|
325 |
|
|
|
(146 |
) |
|
|
(46 |
) |
|
|
41 |
|
|
|
174 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
17,000 |
|
|
|
866 |
|
|
|
(51 |
) |
|
|
— |
|
|
|
17,815 |
|
Farm |
|
2,577 |
|
|
|
(207 |
) |
|
|
— |
|
|
|
— |
|
|
|
2,370 |
|
Non-Owner Occupied CRE |
|
14,561 |
|
|
|
(1,153 |
) |
|
|
— |
|
|
|
28 |
|
|
|
13,436 |
|
Owner Occupied CRE |
|
25,368 |
|
|
|
(3,092 |
) |
|
|
(150 |
) |
|
|
1,004 |
|
|
|
23,130 |
|
Residential |
|
25,614 |
|
|
|
7,849 |
|
|
|
(504 |
) |
|
|
44 |
|
|
|
33,003 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
1,598 |
|
|
|
655 |
|
|
|
(518 |
) |
|
|
242 |
|
|
|
1,977 |
|
Non-Auto |
|
662 |
|
|
|
65 |
|
|
|
(320 |
) |
|
|
160 |
|
|
|
567 |
|
Total |
$ |
105,536 |
|
|
$ |
6,653 |
|
|
$ |
(2,135 |
) |
|
$ |
2,379 |
|
|
$ |
112,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six-Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
$ |
15,436 |
|
|
$ |
2,656 |
|
|
$ |
(411 |
) |
|
$ |
193 |
|
|
$ |
17,874 |
|
Municipal |
|
200 |
|
|
|
161 |
|
|
|
— |
|
|
|
— |
|
|
|
361 |
|
Agricultural |
|
1,653 |
|
|
|
(790 |
) |
|
|
— |
|
|
|
74 |
|
|
|
937 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
19,861 |
|
|
|
2,224 |
|
|
|
(40 |
) |
|
|
2 |
|
|
|
22,047 |
|
Farm |
|
2,871 |
|
|
|
(88 |
) |
|
|
— |
|
|
|
1 |
|
|
|
2,784 |
|
Non-Owner Occupied CRE |
|
14,664 |
|
|
|
(414 |
) |
|
|
(250 |
) |
|
|
8 |
|
|
|
14,008 |
|
Owner Occupied CRE |
|
21,413 |
|
|
|
(287 |
) |
|
|
(175 |
) |
|
|
307 |
|
|
|
21,258 |
|
Residential |
|
20,488 |
|
|
|
1,368 |
|
|
|
(404 |
) |
|
|
25 |
|
|
|
21,477 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
1,186 |
|
|
|
649 |
|
|
|
(616 |
) |
|
|
327 |
|
|
|
1,546 |
|
Non-Auto |
|
553 |
|
|
|
(56 |
) |
|
|
(239 |
) |
|
|
242 |
|
|
|
500 |
|
Total |
$ |
98,325 |
|
|
$ |
5,423 |
|
|
$ |
(2,135 |
) |
|
$ |
1,179 |
|
|
$ |
102,792 |
|
(1) For the six-months ended June 30, 2026 and 2025, the provision for credit losses of $6,474,000 and $6,660,000, respectively, on the consolidated statements of earnings includes a provision for credit losses on loans of $6,653,000 and $5,423,000, respectively, and a provision reversal for off-balance sheet unfunded commitments of $179,000, and provision for off-balance sheet unfunded commitments of $1,237,000, respectively.
|
| Schedule of loans that are individually evaluated for credit losses |
The Company’s loans that are individually evaluated for credit losses (both collateral and non-collateral dependent) and their related allowances as of June 30, 2026 and December 31, 2025, are summarized in the following tables by loan segment (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
Without an
Allowance |
|
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
With an
Allowance |
|
|
Non-Collateral
Dependent
Loans
Individually
Evaluated for
Credit Losses |
|
|
Total Loans
Individually
Evaluated
for Credit
Losses |
|
|
Related
Allowance
on Collateral
Dependent
Loans |
|
|
Related
Allowance on
Non-Collateral
Dependent
Loans |
|
|
Total
Allowance for
Credit Losses
on Loans
Individually
Evaluated for
Credit Losses |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
86 |
|
|
$ |
5,047 |
|
|
$ |
32,095 |
|
|
$ |
37,228 |
|
|
$ |
2,297 |
|
|
$ |
8,613 |
|
|
$ |
10,910 |
|
Municipal |
|
|
— |
|
|
|
— |
|
|
|
8,834 |
|
|
|
8,834 |
|
|
|
— |
|
|
|
119 |
|
|
|
119 |
|
Agricultural |
|
|
— |
|
|
|
1,383 |
|
|
|
445 |
|
|
|
1,828 |
|
|
|
75 |
|
|
|
97 |
|
|
|
172 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
— |
|
|
|
2,651 |
|
|
|
27,383 |
|
|
|
30,034 |
|
|
|
302 |
|
|
|
1,822 |
|
|
|
2,124 |
|
Farm |
|
|
1,986 |
|
|
|
— |
|
|
|
1,322 |
|
|
|
3,308 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-Owner Occupied CRE |
|
|
4,595 |
|
|
|
1,789 |
|
|
|
33,672 |
|
|
|
40,056 |
|
|
|
415 |
|
|
|
1,872 |
|
|
|
2,287 |
|
Owner Occupied CRE |
|
|
14,744 |
|
|
|
8,974 |
|
|
|
44,088 |
|
|
|
67,806 |
|
|
|
3,259 |
|
|
|
3,882 |
|
|
|
7,141 |
|
Residential |
|
|
6,960 |
|
|
|
14,138 |
|
|
|
69,209 |
|
|
|
90,307 |
|
|
|
2,240 |
|
|
|
11,056 |
|
|
|
13,296 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
— |
|
|
|
783 |
|
|
|
2,136 |
|
|
|
2,919 |
|
|
|
2 |
|
|
|
4 |
|
|
|
6 |
|
Non-Auto |
|
|
— |
|
|
|
174 |
|
|
|
610 |
|
|
|
784 |
|
|
|
1 |
|
|
|
2 |
|
|
|
3 |
|
Total |
|
$ |
28,371 |
|
|
$ |
34,939 |
|
|
$ |
219,794 |
|
|
$ |
283,104 |
|
|
$ |
8,591 |
|
|
$ |
27,467 |
|
|
$ |
36,058 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
Without an
Allowance |
|
|
Collateral
Dependent Loans
Individually
Evaluated for
Credit Losses
With an
Allowance |
|
|
Non-Collateral
Dependent
Loans
Individually
Evaluated for
Credit Losses |
|
|
Total Loans
Individually
Evaluated
for Credit
Losses |
|
|
Related
Allowance
on Collateral
Dependent
Loans |
|
|
Related
Allowance on
Non-Collateral
Dependent
Loans |
|
|
Total
Allowance for
Credit Losses
on Loans
Individually
Evaluated for
Credit Losses |
|
Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
110 |
|
|
$ |
3,529 |
|
|
$ |
21,384 |
|
|
$ |
25,023 |
|
|
$ |
1,014 |
|
|
$ |
7,253 |
|
|
$ |
8,267 |
|
Municipal |
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Agricultural |
|
|
274 |
|
|
|
1,348 |
|
|
|
525 |
|
|
|
2,147 |
|
|
|
198 |
|
|
|
125 |
|
|
|
323 |
|
Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
|
— |
|
|
|
2,644 |
|
|
|
17,439 |
|
|
|
20,083 |
|
|
|
171 |
|
|
|
1,790 |
|
|
|
1,961 |
|
Farm |
|
|
1,858 |
|
|
|
208 |
|
|
|
5,348 |
|
|
|
7,414 |
|
|
|
6 |
|
|
|
211 |
|
|
|
217 |
|
Non-Owner Occupied CRE |
|
|
1,243 |
|
|
|
1,631 |
|
|
|
33,134 |
|
|
|
36,008 |
|
|
|
431 |
|
|
|
2,897 |
|
|
|
3,328 |
|
Owner Occupied CRE |
|
|
15,939 |
|
|
|
10,667 |
|
|
|
35,420 |
|
|
|
62,026 |
|
|
|
5,348 |
|
|
|
3,379 |
|
|
|
8,727 |
|
Residential |
|
|
4,827 |
|
|
|
9,731 |
|
|
|
83,934 |
|
|
|
98,492 |
|
|
|
958 |
|
|
|
4,969 |
|
|
|
5,927 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
— |
|
|
|
871 |
|
|
|
2,421 |
|
|
|
3,292 |
|
|
|
2 |
|
|
|
5 |
|
|
|
7 |
|
Non-Auto |
|
|
— |
|
|
|
224 |
|
|
|
880 |
|
|
|
1,104 |
|
|
|
1 |
|
|
|
2 |
|
|
|
3 |
|
Total |
|
$ |
24,251 |
|
|
$ |
30,870 |
|
|
$ |
200,485 |
|
|
$ |
255,606 |
|
|
$ |
8,129 |
|
|
$ |
20,631 |
|
|
$ |
28,760 |
|
|
| Schedule of Allowance for Loan Losses by Portfolio Segment |
The Company’s allowance for loans and recorded investment that are individually evaluated for credit losses and collectively evaluated for credit losses as of June 30, 2026 and December 31, 2025, are summarized in the following table by loan segment (dollars in thousands). Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
|
Commercial
&
Industrial |
|
|
Municipal |
|
|
Agricultural |
|
|
Construction
&
Development |
|
|
Farm |
|
|
Non-Owner
Occupied
CRE |
|
|
Owner
Occupied
CRE |
|
|
Residential |
|
|
Consumer Auto |
|
|
Consumer Non-Auto |
|
|
Total |
|
June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
10,910 |
|
|
$ |
119 |
|
|
$ |
172 |
|
|
$ |
2,124 |
|
|
$ |
— |
|
|
$ |
2,287 |
|
|
$ |
7,141 |
|
|
$ |
13,296 |
|
|
$ |
6 |
|
|
$ |
3 |
|
|
$ |
36,058 |
|
Collectively evaluated |
|
|
8,769 |
|
|
|
163 |
|
|
|
2 |
|
|
|
15,691 |
|
|
|
2,370 |
|
|
|
11,149 |
|
|
|
15,989 |
|
|
|
19,707 |
|
|
|
1,971 |
|
|
|
564 |
|
|
|
76,375 |
|
Total ACL on loans |
|
$ |
19,679 |
|
|
$ |
282 |
|
|
$ |
174 |
|
|
$ |
17,815 |
|
|
$ |
2,370 |
|
|
$ |
13,436 |
|
|
$ |
23,130 |
|
|
$ |
33,003 |
|
|
$ |
1,977 |
|
|
$ |
567 |
|
|
$ |
112,433 |
|
Portfolio loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
37,228 |
|
|
$ |
8,834 |
|
|
$ |
1,828 |
|
|
$ |
30,034 |
|
|
$ |
3,308 |
|
|
$ |
40,056 |
|
|
$ |
67,806 |
|
|
$ |
90,307 |
|
|
$ |
2,919 |
|
|
$ |
784 |
|
|
$ |
283,104 |
|
Collectively evaluated |
|
|
1,050,428 |
|
|
|
410,236 |
|
|
|
79,958 |
|
|
|
1,161,048 |
|
|
|
341,175 |
|
|
|
791,873 |
|
|
|
1,076,287 |
|
|
|
2,231,693 |
|
|
|
773,514 |
|
|
|
147,615 |
|
|
|
8,063,827 |
|
Total portfolio loans |
|
$ |
1,087,656 |
|
|
$ |
419,070 |
|
|
$ |
81,786 |
|
|
$ |
1,191,082 |
|
|
$ |
344,483 |
|
|
$ |
831,929 |
|
|
$ |
1,144,093 |
|
|
$ |
2,322,000 |
|
|
$ |
776,433 |
|
|
$ |
148,399 |
|
|
$ |
8,346,931 |
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
8,267 |
|
|
$ |
— |
|
|
$ |
323 |
|
|
$ |
1,961 |
|
|
$ |
217 |
|
|
$ |
3,328 |
|
|
$ |
8,727 |
|
|
$ |
5,927 |
|
|
$ |
7 |
|
|
$ |
3 |
|
|
$ |
28,760 |
|
Collectively evaluated |
|
|
9,429 |
|
|
|
135 |
|
|
|
2 |
|
|
|
15,039 |
|
|
|
2,360 |
|
|
|
11,233 |
|
|
|
16,641 |
|
|
|
19,687 |
|
|
|
1,591 |
|
|
|
659 |
|
|
|
76,776 |
|
Total ACL on loans |
|
$ |
17,696 |
|
|
$ |
135 |
|
|
$ |
325 |
|
|
$ |
17,000 |
|
|
$ |
2,577 |
|
|
$ |
14,561 |
|
|
$ |
25,368 |
|
|
$ |
25,614 |
|
|
$ |
1,598 |
|
|
$ |
662 |
|
|
$ |
105,536 |
|
Portfolio loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated |
|
$ |
25,023 |
|
|
$ |
17 |
|
|
$ |
2,147 |
|
|
$ |
20,083 |
|
|
$ |
7,414 |
|
|
$ |
36,008 |
|
|
$ |
62,026 |
|
|
$ |
98,492 |
|
|
$ |
3,292 |
|
|
$ |
1,104 |
|
|
$ |
255,606 |
|
Collectively evaluated |
|
|
1,091,438 |
|
|
|
342,484 |
|
|
|
93,629 |
|
|
|
1,137,782 |
|
|
|
320,211 |
|
|
|
796,808 |
|
|
|
1,058,582 |
|
|
|
2,187,338 |
|
|
|
729,059 |
|
|
|
145,339 |
|
|
|
7,902,670 |
|
Total portfolio loans |
|
$ |
1,116,461 |
|
|
$ |
342,501 |
|
|
$ |
95,776 |
|
|
$ |
1,157,865 |
|
|
$ |
327,625 |
|
|
$ |
832,816 |
|
|
$ |
1,120,608 |
|
|
$ |
2,285,830 |
|
|
$ |
732,351 |
|
|
$ |
146,443 |
|
|
$ |
8,158,276 |
|
|
| Schedule of Company's Internal Ratings of its Loans Held-for-Investment, Including The Year of Origination, by Portfolio Segments |
The following table summarizes the Company’s loans held-for-investment by internal ratings, portfolio segments, and vintage year at June 30, 2026 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Revolving
Loans
Amortized
Cost Basis |
|
|
Total |
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
343,465 |
|
|
$ |
400,014 |
|
|
$ |
98,065 |
|
|
$ |
78,209 |
|
|
$ |
82,458 |
|
|
$ |
48,217 |
|
|
$ |
— |
|
|
$ |
1,050,428 |
|
Special mention |
|
|
2,871 |
|
|
|
286 |
|
|
|
577 |
|
|
|
229 |
|
|
|
20 |
|
|
|
71 |
|
|
|
— |
|
|
|
4,054 |
|
Substandard |
|
|
3,617 |
|
|
|
6,706 |
|
|
|
16,719 |
|
|
|
4,279 |
|
|
|
1,263 |
|
|
|
590 |
|
|
|
— |
|
|
|
33,174 |
|
Total |
|
$ |
349,953 |
|
|
$ |
407,006 |
|
|
$ |
115,361 |
|
|
$ |
82,717 |
|
|
$ |
83,741 |
|
|
$ |
48,878 |
|
|
$ |
— |
|
|
$ |
1,087,656 |
|
Municipal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
134,903 |
|
|
$ |
102,914 |
|
|
$ |
27,579 |
|
|
$ |
21,697 |
|
|
$ |
63,064 |
|
|
$ |
60,079 |
|
|
$ |
— |
|
|
$ |
410,236 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
714 |
|
|
|
8,120 |
|
|
|
— |
|
|
|
8,834 |
|
Total |
|
$ |
134,903 |
|
|
$ |
102,914 |
|
|
$ |
27,579 |
|
|
$ |
21,697 |
|
|
$ |
63,778 |
|
|
$ |
68,199 |
|
|
$ |
— |
|
|
$ |
419,070 |
|
Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
34,583 |
|
|
$ |
38,652 |
|
|
$ |
2,840 |
|
|
$ |
2,236 |
|
|
$ |
1,236 |
|
|
$ |
411 |
|
|
$ |
— |
|
|
$ |
79,958 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
21 |
|
|
|
— |
|
|
|
— |
|
|
|
21 |
|
Substandard |
|
|
495 |
|
|
|
131 |
|
|
|
920 |
|
|
|
52 |
|
|
|
199 |
|
|
|
10 |
|
|
|
— |
|
|
|
1,807 |
|
Total |
|
$ |
35,078 |
|
|
$ |
38,783 |
|
|
$ |
3,760 |
|
|
$ |
2,288 |
|
|
$ |
1,456 |
|
|
$ |
421 |
|
|
$ |
— |
|
|
$ |
81,786 |
|
Construction & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
413,206 |
|
|
$ |
476,924 |
|
|
$ |
105,382 |
|
|
$ |
71,836 |
|
|
$ |
46,354 |
|
|
$ |
45,565 |
|
|
$ |
1,781 |
|
|
$ |
1,161,048 |
|
Special mention |
|
|
476 |
|
|
|
3,198 |
|
|
|
— |
|
|
|
711 |
|
|
|
225 |
|
|
|
188 |
|
|
|
— |
|
|
|
4,798 |
|
Substandard |
|
|
12,146 |
|
|
|
5,491 |
|
|
|
4,115 |
|
|
|
1,128 |
|
|
|
1,001 |
|
|
|
1,355 |
|
|
|
— |
|
|
|
25,236 |
|
Total |
|
$ |
425,828 |
|
|
$ |
485,613 |
|
|
$ |
109,497 |
|
|
$ |
73,675 |
|
|
$ |
47,580 |
|
|
$ |
47,108 |
|
|
$ |
1,781 |
|
|
$ |
1,191,082 |
|
Farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
74,028 |
|
|
$ |
82,983 |
|
|
$ |
41,184 |
|
|
$ |
24,046 |
|
|
$ |
51,175 |
|
|
$ |
67,759 |
|
|
$ |
— |
|
|
$ |
341,175 |
|
Special mention |
|
|
23 |
|
|
|
— |
|
|
|
— |
|
|
|
119 |
|
|
|
— |
|
|
|
79 |
|
|
|
— |
|
|
|
221 |
|
Substandard |
|
|
— |
|
|
|
12 |
|
|
|
335 |
|
|
|
377 |
|
|
|
196 |
|
|
|
2,167 |
|
|
|
— |
|
|
|
3,087 |
|
Total |
|
$ |
74,051 |
|
|
$ |
82,995 |
|
|
$ |
41,519 |
|
|
$ |
24,542 |
|
|
$ |
51,371 |
|
|
$ |
70,005 |
|
|
$ |
— |
|
|
$ |
344,483 |
|
Non-Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
116,632 |
|
|
$ |
154,003 |
|
|
$ |
98,002 |
|
|
$ |
33,933 |
|
|
$ |
218,886 |
|
|
$ |
170,417 |
|
|
$ |
— |
|
|
$ |
791,873 |
|
Special mention |
|
|
2,418 |
|
|
|
1,118 |
|
|
|
3,195 |
|
|
|
1,856 |
|
|
|
2,283 |
|
|
|
3,724 |
|
|
|
— |
|
|
|
14,594 |
|
Substandard |
|
|
459 |
|
|
|
7,493 |
|
|
|
4,146 |
|
|
|
2,431 |
|
|
|
2,179 |
|
|
|
8,754 |
|
|
|
— |
|
|
|
25,462 |
|
Total |
|
$ |
119,509 |
|
|
$ |
162,614 |
|
|
$ |
105,343 |
|
|
$ |
38,220 |
|
|
$ |
223,348 |
|
|
$ |
182,895 |
|
|
$ |
— |
|
|
$ |
831,929 |
|
Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
159,583 |
|
|
$ |
212,907 |
|
|
$ |
136,785 |
|
|
$ |
75,305 |
|
|
$ |
219,093 |
|
|
$ |
272,614 |
|
|
$ |
— |
|
|
$ |
1,076,287 |
|
Special mention |
|
|
— |
|
|
|
7,743 |
|
|
|
4,273 |
|
|
|
1,034 |
|
|
|
1,222 |
|
|
|
1,533 |
|
|
|
— |
|
|
|
15,805 |
|
Substandard |
|
|
2,763 |
|
|
|
2,289 |
|
|
|
7,020 |
|
|
|
3,539 |
|
|
|
21,716 |
|
|
|
14,674 |
|
|
|
— |
|
|
|
52,001 |
|
Total |
|
$ |
162,346 |
|
|
$ |
222,939 |
|
|
$ |
148,078 |
|
|
$ |
79,878 |
|
|
$ |
242,031 |
|
|
$ |
288,821 |
|
|
$ |
— |
|
|
$ |
1,144,093 |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
269,762 |
|
|
$ |
401,513 |
|
|
$ |
354,466 |
|
|
$ |
264,551 |
|
|
$ |
287,980 |
|
|
$ |
416,526 |
|
|
$ |
236,895 |
|
|
$ |
2,231,693 |
|
Special mention |
|
|
23 |
|
|
|
1,249 |
|
|
|
2,587 |
|
|
|
1,128 |
|
|
|
1,424 |
|
|
|
1,908 |
|
|
|
434 |
|
|
|
8,753 |
|
Substandard |
|
|
2,103 |
|
|
|
5,655 |
|
|
|
9,355 |
|
|
|
11,965 |
|
|
|
31,814 |
|
|
|
14,341 |
|
|
|
6,321 |
|
|
|
81,554 |
|
Total |
|
$ |
271,888 |
|
|
$ |
408,417 |
|
|
$ |
366,408 |
|
|
$ |
277,644 |
|
|
$ |
321,218 |
|
|
$ |
432,775 |
|
|
$ |
243,650 |
|
|
$ |
2,322,000 |
|
Consumer Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
222,598 |
|
|
$ |
296,303 |
|
|
$ |
159,892 |
|
|
$ |
45,617 |
|
|
$ |
40,916 |
|
|
$ |
8,188 |
|
|
$ |
— |
|
|
$ |
773,514 |
|
Special mention |
|
|
— |
|
|
|
14 |
|
|
|
— |
|
|
|
137 |
|
|
|
48 |
|
|
|
29 |
|
|
|
— |
|
|
|
228 |
|
Substandard |
|
|
40 |
|
|
|
105 |
|
|
|
771 |
|
|
|
613 |
|
|
|
950 |
|
|
|
212 |
|
|
|
— |
|
|
|
2,691 |
|
Total |
|
$ |
222,638 |
|
|
$ |
296,422 |
|
|
$ |
160,663 |
|
|
$ |
46,367 |
|
|
$ |
41,914 |
|
|
$ |
8,429 |
|
|
$ |
— |
|
|
$ |
776,433 |
|
Consumer Non-Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
45,171 |
|
|
$ |
46,689 |
|
|
$ |
20,671 |
|
|
$ |
12,137 |
|
|
$ |
11,841 |
|
|
$ |
4,099 |
|
|
$ |
7,007 |
|
|
$ |
147,615 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
Substandard |
|
|
4 |
|
|
|
110 |
|
|
|
120 |
|
|
|
105 |
|
|
|
338 |
|
|
|
87 |
|
|
|
8 |
|
|
|
772 |
|
Total |
|
$ |
45,175 |
|
|
$ |
46,799 |
|
|
$ |
20,791 |
|
|
$ |
12,242 |
|
|
$ |
12,179 |
|
|
$ |
4,198 |
|
|
$ |
7,015 |
|
|
$ |
148,399 |
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,813,931 |
|
|
$ |
2,212,902 |
|
|
$ |
1,044,866 |
|
|
$ |
629,567 |
|
|
$ |
1,023,003 |
|
|
$ |
1,093,875 |
|
|
$ |
245,683 |
|
|
$ |
8,063,827 |
|
Special mention |
|
|
5,811 |
|
|
|
13,608 |
|
|
|
10,632 |
|
|
|
5,214 |
|
|
|
5,243 |
|
|
|
7,544 |
|
|
|
434 |
|
|
|
48,486 |
|
Substandard |
|
|
21,627 |
|
|
|
27,992 |
|
|
|
43,501 |
|
|
|
24,489 |
|
|
|
60,370 |
|
|
|
50,310 |
|
|
|
6,329 |
|
|
|
234,618 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Loans |
|
$ |
1,841,369 |
|
|
$ |
2,254,502 |
|
|
$ |
1,098,999 |
|
|
$ |
659,270 |
|
|
$ |
1,088,616 |
|
|
$ |
1,151,729 |
|
|
$ |
252,446 |
|
|
$ |
8,346,931 |
|
The following table summarizes the Company’s loans held-for-investment by internal ratings, portfolio segments, and vintage year at December 31, 2025 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving
Loans
Amortized
Cost Basis |
|
|
Total |
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
638,287 |
|
|
$ |
188,647 |
|
|
$ |
100,264 |
|
|
$ |
94,870 |
|
|
$ |
33,180 |
|
|
$ |
36,190 |
|
|
$ |
— |
|
|
$ |
1,091,438 |
|
Special mention |
|
|
2,194 |
|
|
|
755 |
|
|
|
229 |
|
|
|
672 |
|
|
|
129 |
|
|
|
279 |
|
|
|
— |
|
|
|
4,258 |
|
Substandard |
|
|
10,064 |
|
|
|
4,356 |
|
|
|
4,677 |
|
|
|
1,437 |
|
|
|
170 |
|
|
|
61 |
|
|
|
— |
|
|
|
20,765 |
|
Total |
|
$ |
650,545 |
|
|
$ |
193,758 |
|
|
$ |
105,170 |
|
|
$ |
96,979 |
|
|
$ |
33,479 |
|
|
$ |
36,530 |
|
|
$ |
— |
|
|
$ |
1,116,461 |
|
Municipal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
143,286 |
|
|
$ |
31,910 |
|
|
$ |
22,971 |
|
|
$ |
70,735 |
|
|
$ |
9,760 |
|
|
$ |
63,822 |
|
|
$ |
— |
|
|
$ |
342,484 |
|
Substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
|
— |
|
|
|
17 |
|
Total |
|
$ |
143,286 |
|
|
$ |
31,910 |
|
|
$ |
22,971 |
|
|
$ |
70,735 |
|
|
$ |
9,760 |
|
|
$ |
63,839 |
|
|
$ |
— |
|
|
$ |
342,501 |
|
Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
82,964 |
|
|
$ |
4,915 |
|
|
$ |
2,944 |
|
|
$ |
2,287 |
|
|
$ |
440 |
|
|
$ |
79 |
|
|
$ |
— |
|
|
$ |
93,629 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
34 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
34 |
|
Substandard |
|
|
683 |
|
|
|
1,174 |
|
|
|
48 |
|
|
|
32 |
|
|
|
156 |
|
|
|
20 |
|
|
|
— |
|
|
|
2,113 |
|
Total |
|
$ |
83,647 |
|
|
$ |
6,089 |
|
|
$ |
2,992 |
|
|
$ |
2,353 |
|
|
$ |
596 |
|
|
$ |
99 |
|
|
$ |
— |
|
|
$ |
95,776 |
|
Construction & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
763,232 |
|
|
$ |
177,570 |
|
|
$ |
86,079 |
|
|
$ |
54,158 |
|
|
$ |
43,936 |
|
|
$ |
11,484 |
|
|
$ |
1,323 |
|
|
$ |
1,137,782 |
|
Special mention |
|
|
1,490 |
|
|
|
— |
|
|
|
368 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,858 |
|
Substandard |
|
|
9,869 |
|
|
|
5,567 |
|
|
|
538 |
|
|
|
893 |
|
|
|
1,274 |
|
|
|
84 |
|
|
|
— |
|
|
|
18,225 |
|
Total |
|
$ |
774,591 |
|
|
$ |
183,137 |
|
|
$ |
86,985 |
|
|
$ |
55,051 |
|
|
$ |
45,210 |
|
|
$ |
11,568 |
|
|
$ |
1,323 |
|
|
$ |
1,157,865 |
|
Farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
91,475 |
|
|
$ |
57,560 |
|
|
$ |
31,535 |
|
|
$ |
56,390 |
|
|
$ |
52,887 |
|
|
$ |
30,364 |
|
|
$ |
— |
|
|
$ |
320,211 |
|
Special mention |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
317 |
|
|
|
193 |
|
|
|
— |
|
|
|
510 |
|
Substandard |
|
|
824 |
|
|
|
350 |
|
|
|
382 |
|
|
|
3,541 |
|
|
|
394 |
|
|
|
1,413 |
|
|
|
— |
|
|
|
6,904 |
|
Total |
|
$ |
92,299 |
|
|
$ |
57,910 |
|
|
$ |
31,917 |
|
|
$ |
59,931 |
|
|
$ |
53,598 |
|
|
$ |
31,970 |
|
|
$ |
— |
|
|
$ |
327,625 |
|
Non-Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
176,298 |
|
|
$ |
133,099 |
|
|
$ |
55,849 |
|
|
$ |
234,494 |
|
|
$ |
108,478 |
|
|
$ |
88,590 |
|
|
$ |
— |
|
|
$ |
796,808 |
|
Special mention |
|
|
— |
|
|
|
274 |
|
|
|
1,867 |
|
|
|
3,651 |
|
|
|
3,164 |
|
|
|
654 |
|
|
|
— |
|
|
|
9,610 |
|
Substandard |
|
|
7,030 |
|
|
|
— |
|
|
|
2,498 |
|
|
|
919 |
|
|
|
13,262 |
|
|
|
2,689 |
|
|
|
— |
|
|
|
26,398 |
|
Total |
|
$ |
183,328 |
|
|
$ |
133,373 |
|
|
$ |
60,214 |
|
|
$ |
239,064 |
|
|
$ |
124,904 |
|
|
$ |
91,933 |
|
|
$ |
— |
|
|
$ |
832,816 |
|
Owner Occupied CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
224,659 |
|
|
$ |
163,786 |
|
|
$ |
96,918 |
|
|
$ |
244,128 |
|
|
$ |
151,923 |
|
|
$ |
177,168 |
|
|
$ |
— |
|
|
$ |
1,058,582 |
|
Special mention |
|
|
1,666 |
|
|
|
9,690 |
|
|
|
654 |
|
|
|
1,261 |
|
|
|
3,974 |
|
|
|
154 |
|
|
|
— |
|
|
|
17,399 |
|
Substandard |
|
|
618 |
|
|
|
1,906 |
|
|
|
1,394 |
|
|
|
24,587 |
|
|
|
7,307 |
|
|
|
8,815 |
|
|
|
— |
|
|
|
44,627 |
|
Total |
|
$ |
226,943 |
|
|
$ |
175,382 |
|
|
$ |
98,966 |
|
|
$ |
269,976 |
|
|
$ |
163,204 |
|
|
$ |
186,137 |
|
|
$ |
— |
|
|
$ |
1,120,608 |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
489,167 |
|
|
$ |
385,921 |
|
|
$ |
297,128 |
|
|
$ |
311,207 |
|
|
$ |
214,343 |
|
|
$ |
260,915 |
|
|
$ |
228,657 |
|
|
$ |
2,187,338 |
|
Special mention |
|
|
1,360 |
|
|
|
2,042 |
|
|
|
1,367 |
|
|
|
21,638 |
|
|
|
1,960 |
|
|
|
1,233 |
|
|
|
2,346 |
|
|
|
31,946 |
|
Substandard |
|
|
4,958 |
|
|
|
9,400 |
|
|
|
9,420 |
|
|
|
20,245 |
|
|
|
5,218 |
|
|
|
13,310 |
|
|
|
3,995 |
|
|
|
66,546 |
|
Total |
|
$ |
495,485 |
|
|
$ |
397,363 |
|
|
$ |
307,915 |
|
|
$ |
353,090 |
|
|
$ |
221,521 |
|
|
$ |
275,458 |
|
|
$ |
234,998 |
|
|
$ |
2,285,830 |
|
Consumer Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
371,849 |
|
|
$ |
212,013 |
|
|
$ |
65,985 |
|
|
$ |
62,910 |
|
|
$ |
14,234 |
|
|
$ |
2,068 |
|
|
$ |
— |
|
|
$ |
729,059 |
|
Special mention |
|
|
41 |
|
|
|
61 |
|
|
|
189 |
|
|
|
85 |
|
|
|
27 |
|
|
|
6 |
|
|
|
— |
|
|
|
409 |
|
Substandard |
|
|
75 |
|
|
|
607 |
|
|
|
692 |
|
|
|
1,213 |
|
|
|
272 |
|
|
|
24 |
|
|
|
— |
|
|
|
2,883 |
|
Total |
|
$ |
371,965 |
|
|
$ |
212,681 |
|
|
$ |
66,866 |
|
|
$ |
64,208 |
|
|
$ |
14,533 |
|
|
$ |
2,098 |
|
|
$ |
— |
|
|
$ |
732,351 |
|
Consumer Non-Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
69,838 |
|
|
$ |
30,450 |
|
|
$ |
16,321 |
|
|
$ |
15,397 |
|
|
$ |
5,408 |
|
|
$ |
1,038 |
|
|
$ |
6,887 |
|
|
$ |
145,339 |
|
Special mention |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
16 |
|
|
|
— |
|
|
|
34 |
|
Substandard |
|
|
212 |
|
|
|
97 |
|
|
|
236 |
|
|
|
396 |
|
|
|
100 |
|
|
|
14 |
|
|
|
15 |
|
|
|
1,070 |
|
Total |
|
$ |
70,059 |
|
|
$ |
30,547 |
|
|
$ |
16,557 |
|
|
$ |
15,802 |
|
|
$ |
5,508 |
|
|
$ |
1,068 |
|
|
$ |
6,902 |
|
|
$ |
146,443 |
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
3,051,055 |
|
|
$ |
1,385,871 |
|
|
$ |
775,994 |
|
|
$ |
1,146,576 |
|
|
$ |
634,589 |
|
|
$ |
671,718 |
|
|
$ |
236,867 |
|
|
$ |
7,902,670 |
|
Special mention |
|
|
6,760 |
|
|
|
12,822 |
|
|
|
4,674 |
|
|
|
27,350 |
|
|
|
9,571 |
|
|
|
2,535 |
|
|
|
2,346 |
|
|
|
66,058 |
|
Substandard |
|
|
34,333 |
|
|
|
23,457 |
|
|
|
19,885 |
|
|
|
53,263 |
|
|
|
28,153 |
|
|
|
26,447 |
|
|
|
4,010 |
|
|
|
189,548 |
|
Doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Loans |
|
$ |
3,092,148 |
|
|
$ |
1,422,150 |
|
|
$ |
800,553 |
|
|
$ |
1,227,189 |
|
|
$ |
672,313 |
|
|
$ |
700,700 |
|
|
$ |
243,223 |
|
|
$ |
8,158,276 |
|
|
| Schedule of Company's gross charge-offs by origination year and loan class |
The following tables summarize the Company's gross charge-offs by origination year and loan class for the six-months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six-Months Ended June 30, 2026 |
|
(Dollars in thousands) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Revolving
Loans
Amortized
Cost Basis |
|
|
Total |
|
2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
— |
|
|
$ |
95 |
|
|
$ |
262 |
|
|
$ |
11 |
|
|
$ |
11 |
|
|
$ |
167 |
|
|
$ |
— |
|
|
$ |
546 |
|
Agricultural |
|
|
— |
|
|
|
— |
|
|
|
40 |
|
|
|
— |
|
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
46 |
|
Construction & development |
|
|
— |
|
|
|
— |
|
|
|
20 |
|
|
|
— |
|
|
|
9 |
|
|
|
22 |
|
|
|
— |
|
|
|
51 |
|
Owner occupied CRE |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
150 |
|
|
|
— |
|
|
|
150 |
|
Residential |
|
|
— |
|
|
|
52 |
|
|
|
197 |
|
|
|
238 |
|
|
|
14 |
|
|
|
3 |
|
|
|
— |
|
|
|
504 |
|
Auto |
|
|
12 |
|
|
|
64 |
|
|
|
150 |
|
|
|
195 |
|
|
|
79 |
|
|
|
18 |
|
|
|
— |
|
|
|
518 |
|
Non-auto |
|
|
12 |
|
|
|
117 |
|
|
|
73 |
|
|
|
101 |
|
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
320 |
|
Total Charge-Offs |
|
$ |
24 |
|
|
$ |
328 |
|
|
$ |
742 |
|
|
$ |
545 |
|
|
$ |
130 |
|
|
$ |
366 |
|
|
$ |
— |
|
|
$ |
2,135 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six-Months Ended June 30, 2025 |
|
(Dollars in thousands) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving
Loans
Amortized
Cost Basis |
|
|
Total |
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
— |
|
|
$ |
80 |
|
|
$ |
125 |
|
|
$ |
142 |
|
|
$ |
45 |
|
|
$ |
19 |
|
|
$ |
— |
|
|
$ |
411 |
|
Municipal |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Agricultural |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Construction & development |
|
|
— |
|
|
|
40 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
40 |
|
Farm |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-owner occupied CRE |
|
|
— |
|
|
|
— |
|
|
|
250 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
250 |
|
Owner occupied CRE |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
175 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
175 |
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
240 |
|
|
|
148 |
|
|
|
5 |
|
|
|
11 |
|
|
|
— |
|
|
|
404 |
|
Auto |
|
|
— |
|
|
|
122 |
|
|
|
76 |
|
|
|
260 |
|
|
|
112 |
|
|
|
46 |
|
|
|
— |
|
|
|
616 |
|
Non-auto |
|
|
10 |
|
|
|
43 |
|
|
|
51 |
|
|
|
50 |
|
|
|
51 |
|
|
|
34 |
|
|
|
— |
|
|
|
239 |
|
Total Charge-Offs |
|
$ |
10 |
|
|
$ |
285 |
|
|
$ |
742 |
|
|
$ |
775 |
|
|
$ |
213 |
|
|
$ |
110 |
|
|
$ |
— |
|
|
$ |
2,135 |
|
|