v3.26.1
LOANS RECEIVABLE AND THE ALLOWANCE FOR CREDIT LOSSES
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES
The following table presents the loans receivable at June 30, 2026 and December 31, 2025 by class (dollars in thousands).
June 30, 2026December 31, 2025
AmountPercent of TotalAmountPercent of Total
Commercial real estate:
Owner-occupied$1,229,993 10 %$1,138,298 10 %
Investment properties1,744,127 14 1,701,413 15 
Small balance CRE1,166,516 10 1,212,357 10 
Multifamily real estate855,862 7 850,789 7 
Construction, land and land development:
Commercial construction181,843 2 156,021 1 
Multifamily construction503,058 4 514,330 5 
One- to four-family construction631,183 5 607,447 5 
Land and land development378,172 3 433,678 4 
Commercial business:
Commercial business
1,286,818 11 1,225,108 11 
Small business scored1,295,861 11 1,187,360 10 
Agricultural business, including secured by farmland337,487 3 353,152 3 
One- to four-family residential1,556,493 13 1,573,191 13 
Consumer:
Consumer—home equity revolving lines of credit
744,546 6 679,489 5 
Consumer—other82,451 1 89,054 1 
Total loans11,994,410 100 %11,721,687 100 %
Less allowance for credit losses – loans(161,849)(160,276)
Net loans$11,832,561 $11,561,411 

Loan amounts are net of unearned loan fees in excess of unamortized costs of $17.6 million as of June 30, 2026, and $16.5 million as of December 31, 2025. Net loans include net discounts on acquired loans of $1.9 million and $2.4 million as of June 30, 2026 and December 31, 2025, respectively. Net loans does not include accrued interest receivable. Accrued interest receivable on loans was $52.1 million as of June 30, 2026 and $48.2 million as of December 31, 2025, and was reported in accrued interest receivable on the Consolidated Statements of Financial Condition.

The Company had pledged $8.2 billion of loans as collateral for FHLB and other borrowings at both June 30, 2026 and December 31, 2025, respectively.
Troubled Loan Modifications. Occasionally, the Company offers modifications of loans to borrowers experiencing financial difficulty by providing principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, or any combination of these modifications. The following table presents the amortized cost basis and financial effect of loans at June 30, 2026 and June 30, 2025, that were both experiencing financial difficulty and modified during the six months ended June 30, 2026 and June 30, 2025, respectively (in thousands).
June 30, 2026
Term ExtensionTotal
Land and land development2,777 2,777 
Total$2,777 $2,777 
June 30, 2025
Term ExtensionTotal
One- to four-family construction$2,055 $2,055 
Land and land development3,280 3,280 
Total$5,335 $5,335 

The Company had committed to lend no additional amounts to the borrowers included in the previous tables as of June 30, 2026, compared to commitments of $1.9 million at June 30, 2025. The Company closely monitors the performance of loans modified for borrowers experiencing financial difficulty to assess the effectiveness of its modification efforts.

We had no loans that had been modified in the previous 12 months that were past due or on nonaccrual status at June 30, 2026. The following table presents the performance at June 30, 2025 of loans that had been modified in the previous 12 months (in thousands):
June 30, 2025
30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueNonaccrualTotal
Commercial business$— $— $— $1,460 $1,460 
Total$— $— $— $1,460 $1,460 

Loans are considered to be in payment default when they are 90 days or more past due. There were no loans that, within twelve months of the modification date, experienced a subsequent default during the six months ended June 30, 2026. The following tables present the amortized cost basis of modified loans that, within twelve months of the modification date, experienced a subsequent default during the six months ended June 30, 2025:
June 30, 2025
Term ExtensionTotal
Commercial business$1,460 $1,460 
Total$1,460 $1,460 

The following table presents the financial effect of the loan modifications presented above for borrowers experiencing financial difficulty for the six months ended June 30, 2026 and June 30, 2025:
Six Months Ended June 30, 2026
Weighted-Average Term Extension (in months)
Land and land development9

Six Months Ended June 30, 2025
Weighted-Average Term Extension (in months)
One- to four-family construction21
Land and land development9
Credit Quality Indicators:  To appropriately and effectively manage the ongoing credit quality of the Company’s loan portfolio, Management has implemented a risk-rating or loan grading system for its loans.  The system is a tool to evaluate portfolio asset quality throughout each applicable loan’s life as an asset of the Company.  Generally, loans are risk rated on an aggregate borrower/relationship basis with individual loans sharing similar ratings.  There are some instances when specific situations relating to individual loans will provide the basis for different risk ratings within the aggregate relationship.  Loans are graded on a scale of 1 to 9.  A description of the general characteristics of these categories is shown below.

Overall Risk Rating Definitions:  Risk-ratings contain both qualitative and quantitative measurements and take into account the financial strength of a borrower and the structure of the loan.  Consequently, the definitions are to be applied in the context of each lending transaction and judgment must also be used to determine the appropriate risk rating, as it is not unusual for a loan to exhibit characteristics of more than one risk-rating category.  Consideration for the final rating is centered on the borrower’s ability to repay, in a timely fashion, both principal and interest.  The Company’s risk-rating and loan grading policies are reviewed and approved annually. There were no material changes in the risk-rating or loan grading system for the periods presented.

Risk Ratings 1-5: Pass
Credits with risk ratings of 1 to 5 meet the definition of a pass risk rating. The strength of credits varies within the pass risk ratings, ranging from a risk rated 1 being an exceptional credit to a risk rated 5 being an acceptable credit that requires a more than normal level of supervision.

Risk Rating 6: Special Mention
A credit with potential weaknesses that deserves Management’s close attention is risk rated a 6.  If left uncorrected, these potential weaknesses will result in deterioration in the capacity to repay debt.  A key distinction between Special Mention and Substandard is that in a Special Mention credit, there are identified weaknesses that pose potential risk(s) to the repayment sources, versus well defined weaknesses that pose risk(s) to the repayment sources.  Assets in this category are expected to be in this category no more than 9-12 months as the potential weaknesses in the credit are resolved.

Risk Rating 7: Substandard
A credit with well-defined weaknesses that jeopardize the ability to repay in full is risk rated a 7.  These credits are inadequately protected by either the sound net worth and payment capacity of the borrower or the value of pledged collateral.  These are credits with a distinct possibility of loss.  Loans headed for foreclosure and/or legal action due to deterioration are rated 7 or worse.

Risk Rating 8: Doubtful
A credit with an extremely high probability of loss is risk rated 8.  These credits have all the same critical weaknesses that are found in a substandard loan; however, the weaknesses are elevated to the point that based upon current information, collection or liquidation in full is improbable.  While some loss on doubtful credits is expected, pending events may make the amount and timing of any loss indeterminable.  In these situations, taking the loss is inappropriate until the outcome of the pending event is clear.

Risk Rating 9: Loss
A credit that is considered to be currently uncollectible or of such little value that it is no longer a viable bank asset is risk rated 9.  Losses should be taken in the accounting period in which the credit is determined to be uncollectible.  Taking a loss does not mean that a credit has absolutely no recovery or salvage value but, rather, it is not practical or desirable to defer writing off the credit, even though partial recovery may occur in the future.
The following tables present the Company’s portfolio of risk-rated loans by class and by grade as of June 30, 2026 and December 31, 2025 (in thousands). In addition, the tables include the gross charge-offs for the six months ended June 30, 2026 and for the year ended December 31, 2025. Revolving loans that are converted to term loans are treated as new originations in the tables below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.
June 30, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Commercial real estate - owner occupied
Risk Rating
Pass$190,655 $174,626 $170,284 $151,973 $121,946 $326,602 $63,388 $1,199,474 
Special Mention2,794 — 553 62 — — — 3,409 
Substandard— 12,294 — — 5,881 8,935 — 27,110 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - owner occupied$193,449 $186,920 $170,837 $152,035 $127,827 $335,537 $63,388 $1,229,993 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial real estate - investment properties
Risk Rating
Pass$229,621 $263,570 $86,113 $125,469 $197,499 $763,090 $62,360 $1,727,722 
Special Mention— — — — — 9,682 — 9,682 
Substandard— — — 4,202 — 2,521 — 6,723 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - investment properties$229,621 $263,570 $86,113 $129,671 $197,499 $775,293 $62,360 $1,744,127 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Multifamily real estate
Risk Rating
Pass$64,514 $61,879 $79,511 $70,547 $194,669 $381,085 $1,656 $853,861 
Special Mention— — — — — — — — 
Substandard— — — — — 2,001 — 2,001 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily real estate$64,514 $61,879 $79,511 $70,547 $194,669 $383,086 $1,656 $855,862 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
June 30, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Commercial construction
Risk Rating
Pass$39,092 $60,934 $38,268 $20,099 $22,715 $— $— $181,108 
Special Mention— — — — — — — — 
Substandard— — — — — 735 — 735 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial construction$39,092 $60,934 $38,268 $20,099 $22,715 $735 $— $181,843 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Multifamily construction
Risk Rating
Pass$126,773 $186,811 $135,664 $33,425 $— $— $— $482,673 
Special Mention— — — — — — — — 
Substandard— 20,385 — — — — — 20,385 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily construction$126,773 $207,196 $135,664 $33,425 $— $— $— $503,058 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
One- to four- family construction
Risk Rating
Pass$306,909 $269,183 $27,590 $— $— $— $21,562 $625,244 
Special Mention— — — — — — — — 
Substandard— 5,201 — 738 — — — 5,939 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total One- to four- family construction$306,909 $274,384 $27,590 $738 $— $— $21,562 $631,183 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
June 30, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Land and land development
Risk Rating
Pass$95,842 $149,436 $43,966 $26,264 $21,548 $32,044 $3,789 $372,889 
Special Mention— — — — — — — — 
Substandard2,777 — 468 182 1,004 852 — 5,283 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Land and land development$98,619 $149,436 $44,434 $26,446 $22,552 $32,896 $3,789 $378,172 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial business
Risk Rating
Pass$72,813 $204,304 $68,323 $74,586 $112,325 $297,541 $390,412 $1,220,304 
Special Mention1,849 452 — 43 339 — 3,996 6,679 
Substandard20,286 1,875 1,166 2,507 982 3,358 29,661 59,835 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial business$94,948 $206,631 $69,489 $77,136 $113,646 $300,899 $424,069 $1,286,818 
Current period gross charge-offs$— $— $— $5 $6 $7 $418 $436 
Agricultural business, including secured by farmland
Risk Rating
Pass$14,591 $17,035 $9,413 $32,499 $20,056 $77,258 $134,845 $305,697 
Special Mention— — — — — 1,373 — 1,373 
Substandard— — — 2,467 8,310 10,874 8,766 30,417 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Agricultural business, including secured by farmland$14,591 $17,035 $9,413 $34,966 $28,366 $89,505 $143,611 $337,487 
Current period gross charge-offs$— $— $— $4 $— $— $— $4 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Commercial real estate - owner occupied
Risk Rating
Pass$199,049 $205,626 $171,690 $105,779 $135,162 $226,813 $61,016 $1,105,135 
Special Mention— 558 — 9,603 — 2,806 — 12,967 
Substandard— — 288 8,534 — 11,374 — 20,196 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - owner occupied$199,049 $206,184 $171,978 $123,916 $135,162 $240,993 $61,016 $1,138,298 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Commercial real estate - investment properties
Risk Rating
Pass$296,157 $106,127 $131,328 $209,997 $241,372 $642,420 $63,376 $1,690,777 
Special Mention— — — — — 6,652 — 6,652 
Substandard— — — — — 3,984 — 3,984 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - investment properties$296,157 $106,127 $131,328 $209,997 $241,372 $653,056 $63,376 $1,701,413 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Multifamily real estate
Risk Rating
Pass$44,775 $89,961 $89,370 $233,563 $168,171 $221,236 $1,671 $848,747 
Special Mention— — — — — — — — 
Substandard— — — — — 2,042 — 2,042 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily real estate$44,775 $89,961 $89,370 $233,563 $168,171 $223,278 $1,671 $850,789 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Commercial construction
Risk Rating
Pass$61,803 $36,567 $35,243 $21,666 $— $— $— $155,279 
Special Mention— — — — — — — — 
Substandard— — — — 742 — — 742 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial construction$61,803 $36,567 $35,243 $21,666 $742 $— $— $156,021 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Multifamily construction
Risk Rating
Pass$190,491 $180,871 $109,466 $— $— $— $9,126 $489,954 
Special Mention5,100 — — — — — — 5,100 
Substandard19,276 — — — — — — 19,276 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily construction$214,867 $180,871 $109,466 $— $— $— $9,126 $514,330 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
One- to four- family construction
Risk Rating
Pass$494,781 $82,237 $— $— $— $— $22,919 $599,937 
Special Mention2,381 — — — — — — 2,381 
Substandard4,391 — 738 — — — — 5,129 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total One- to four- family construction$501,553 $82,237 $738 $— $— $— $22,919 $607,447 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Land and land development
Risk Rating
Pass$223,638 $104,496 $31,388 $23,470 $18,588 $16,033 $7,156 $424,769 
Special Mention4,472 — — — — — — 4,472 
Substandard638 468 1,338 1,286 99 608 — 4,437 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Land and land development$228,748 $104,964 $32,726 $24,756 $18,687 $16,641 $7,156 $433,678 
Gross charge-offs for the year ended December 31, 2025
$218 $— $— $— $— $— $— $218 
Commercial business
Risk Rating
Pass$206,830 $114,469 $82,152 $126,537 $68,700 $252,020 $290,225 $1,140,933 
Special Mention— — — 213 — — 44,672 44,885 
Substandard17,131 2,648 2,498 1,264 901 3,357 11,491 39,290 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial business$223,961 $117,117 $84,650 $128,014 $69,601 $255,377 $346,388 $1,225,108 
Gross charge-offs for the year ended December 31, 2025
$— $1,941 $908 $— $18 $164 $567 $3,598 
Agricultural business, including secured by farmland
Risk Rating
Pass$17,455 $12,989 $34,593 $20,096 $21,745 $58,558 $142,528 $307,964 
Special Mention388 — — 648 — 3,289 319 4,644 
Substandard6,289 74 4,445 8,424 1,560 11,565 8,187 40,544 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Agricultural business, including secured by farmland$24,132 $13,063 $39,038 $29,168 $23,305 $73,412 $151,034 $353,152 
Gross charge-offs for the year ended December 31, 2025
$— $— $730 $361 $— $1,325 $— $2,416 
The following tables present the Company’s portfolio of non-risk-rated loans by class and delinquency status as of June 30, 2026 and December 31, 2025 (in thousands). In addition, the tables include the gross charge-offs for the six months ended June 30, 2026 and for the year ended December 31, 2025. Revolving loans that are converted to term loans are treated as new originations in the tables below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.
June 30, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Small balance CRE
Past Due Category
Current$49,162 $97,261 $71,720 $82,933 $190,204 $673,018 $— $1,164,298 
30-59 Days Past Due— — — — — — — — 
60-89 Days Past Due— — — — 881 — — 881 
90 Days + Past Due— — 579 58 — 700 — 1,337 
Total Small balance CRE$49,162 $97,261 $72,299 $82,991 $191,085 $673,718 $— $1,166,516 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Small business scored
Past Due Category
Current$192,742 $212,450 $172,566 $130,795 $184,875 $252,527 $143,263 $1,289,218 
30-59 Days Past Due— 269 99 1,559 906 162 496 3,491 
60-89 Days Past Due— 26 178 308 — — 5 517 
90 Days + Past Due— 11 46 1,045 1,142 391 — 2,635 
Total Small business scored$192,742 $212,756 $172,889 $133,707 $186,923 $253,080 $143,764 $1,295,861 
Current period gross charge-offs$54 $18 $46 $367 $167 $68 $— $720 
One- to four- family residential
Past Due Category
Current$72,829 $92,831 $178,489 $270,043 $480,219 $435,185 $— $1,529,596 
30-59 Days Past Due75 — 104 — — 681 — 860 
60-89 Days Past Due— 619 2,326 794 1,433 1,796 — 6,968 
90 Days + Past Due— 1,316 2,390 3,328 5,608 6,427 — 19,069 
Total One- to four- family residential$72,904 $94,766 $183,309 $274,165 $487,260 $444,089 $— $1,556,493 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
June 30, 2026
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20262025202420232022Prior
Consumer—home equity revolving lines of credit
Past Due Category
Current$3,558 $814 $1,498 $2,631 $6,719 $12,208 $710,795 $738,223 
30-59 Days Past Due— 91 35 279 856 403 1,420 3,084 
60-89 Days Past Due— — 45 95 — 292 — 432 
90 Days + Past Due— — 311 566 298 1,632 — 2,807 
Total Consumer—home equity revolving lines of credit$3,558 $905 $1,889 $3,571 $7,873 $14,535 $712,215 $744,546 
Current period gross charge-offs$— $— $— $— $— $45 $— $45 
Consumer-other
Past Due Category
Current$2,199 $9,920 $4,531 $3,373 $18,074 $23,219 $20,805 $82,121 
30-59 Days Past Due1 — — 4 44 54 120 223 
60-89 Days Past Due— — 15 — — 47 45 107 
90 Days + Past Due— — — — — — — — 
Total Consumer-other$2,200 $9,920 $4,546 $3,377 $18,118 $23,320 $20,970 $82,451 
Current period gross charge-offs$— $38 $26 $56 $75 $174 $472 $841 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Small balance CRE
Past Due Category
Current$103,382 $72,801 $85,106 $198,097 $206,554 $543,983 $— $1,209,923 
30-59 Days Past Due— — — 1,283 — 113 — 1,396 
60-89 Days Past Due— — — — — 513 — 513 
90 Days + Past Due— — 66 — 459 — — 525 
Total Small balance CRE$103,382 $72,801 $85,172 $199,380 $207,013 $544,609 $— $1,212,357 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Small business scored
Past Due Category
Current$228,509 $185,753 $146,606 $201,580 $125,471 $152,648 $140,156 $1,180,723 
30-59 Days Past Due53 122 122 2,394 195 1,403 167 4,456 
60-89 Days Past Due131 — 135 353 6 — 152 777 
90 Days + Past Due— — 532 239 226 407 — 1,404 
Total Small business scored$228,693 $185,875 $147,395 $204,566 $125,898 $154,458 $140,475 $1,187,360 
Gross charge-offs for the year ended December 31, 2025
$75 $181 $862 $623 $149 $60 $— $1,950 
One- to four- family residential
Past Due Category
Current$111,613 $193,605 $281,207 $496,857 $225,148 $230,488 $— $1,538,918 
30-59 Days Past Due— 1,695 3,034 2,228 1,325 1,433 — 9,715 
60-89 Days Past Due— 1,911 — 1,315 453 1,455 — 5,134 
90 Days + Past Due357 4,170 3,079 5,022 4,421 2,375 — 19,424 
Total One- to four- family residential$111,970 $201,381 $287,320 $505,422 $231,347 $235,751 $— $1,573,191 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $13 $— $13 
December 31, 2025
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20252024202320222021Prior
Consumer—home equity revolving lines of credit
Past Due Category
Current$3,526 $2,138 $2,781 $6,796 $2,719 $8,126 $646,536 $672,622 
30-59 Days Past Due— — 360 908 536 160 1,853 3,817 
60-89 Days Past Due— — 208 345 — 300 — 853 
90 Days + Past Due— 100 669 345 — 1,083 — 2,197 
Total Consumer—home equity revolving lines of credit$3,526 $2,238 $4,018 $8,394 $3,255 $9,669 $648,389 $679,489 
Gross charge-offs for the year ended December 31, 2025
$— $— $— $— $— $— $— $— 
Consumer-other
Past Due Category
Current$11,532 $5,810 $3,783 $20,899 $6,145 $19,294 $21,054 $88,517 
30-59 Days Past Due— 6 45 31 — 94 151 327 
60-89 Days Past Due— 11 10 — 10 17 77 125 
90 Days + Past Due— — — 51 — 34 — 85 
Total Consumer-other$11,532 $5,827 $3,838 $20,981 $6,155 $19,439 $21,282 $89,054 
Gross charge-offs for the year ended December 31, 2025
$21 $18 $57 $89 $50 $189 $1,195 $1,619 
The following tables provide the amortized cost basis of collateral-dependent loans as of June 30, 2026 and December 31, 2025 (in thousands). Our collateral dependent loans presented in the tables below have no significant concentrations by property type or location.
June 30, 2026
Real EstateEquipmentInventoryTotal
Commercial real estate:
Owner-occupied$797 $49 $183 $1,029 
Small balance CRE1,047 — — 1,047 
Construction, land and land development:
Multifamily construction8,288 — — 8,288 
One- to four-family construction2,006 — — 2,006 
Commercial business
Commercial business715 — — 715 
Small business scored243 — — 243 
Agricultural business, including secured by farmland
2,912 — — 2,912 
One- to four-family residential12,790 — — 12,790 
Consumer:
Consumer—home equity revolving lines of credit 238 — — 238 
Total$29,036 $49 $183 $29,268 

December 31, 2025
Real EstateEquipmentInventoryTotal
Commercial real estate:
Small balance CRE$460 $— $— $460 
Construction, land and land development:
One- to four-family construction2,006 — — 2,006 
Land and land development1,970 — — 1,970 
Commercial business
Commercial business715 — 1,460 2,175 
Small business scored239 — — 239 
Agricultural business, including secured by farmland
3,064 1,491 — 4,555 
One- to four-family residential12,466 — — 12,466 
Consumer:
Consumer—home equity revolving lines of credit 252 — — 252 
Total$21,172 $1,491 $1,460 $24,123 
The following tables provide additional detail on the age analysis of the Company’s past due loans as of June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026
30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More
Past Due		Total
Past Due		CurrentTotal LoansNon-accrual with no Allowance
Total Non-accrual (1)
Loans 90 Days or More Past Due and Accruing
Commercial real estate:
Owner-occupied$2,336 $296 $1,030 $3,662 $1,226,331 $1,229,993 $1,029 $1,029 $— 
Investment properties— — — — 1,744,127 1,744,127 — — — 
Small balance CRE— 881 1,337 2,218 1,164,298 1,166,516 1,045 1,103 234 
Multifamily real estate157 — — 157 855,705 855,862 — — — 
Construction, land and land development:
Commercial construction— — — — 181,843 181,843 — — — 
Multifamily construction— — 8,288 8,288 494,770 503,058 8,288 8,288 — 
One- to four-family construction— 564 2,006 2,570 628,613 631,183 2,006 2,006 — 
Land and land development— 492 1,969 2,461 375,711 378,172 — 2,354 — 
Commercial business:
Commercial business42 248 1,439 1,729 1,285,089 1,286,818 716 2,211 — 
Small business scored3,491 517 2,635 6,643 1,289,218 1,295,861 243 4,757 — 
Agricultural business, including secured by farmland
— — 55 55 337,432 337,487 — 2,967 — 
One- to four-family residential860 6,968 19,069 26,897 1,529,596 1,556,493 10,415 23,398 1,427 
Consumer:
Consumer—home equity revolving lines of credit3,084 432 2,807 6,323 738,223 744,546 238 4,784 265 
Consumer—other223 107 — 330 82,121 82,451 — — — 
Total$10,193 $10,505 $40,635 $61,333 $11,933,077 $11,994,410 $23,980 $52,897 $1,926 

(1)     The Company did not recognize any interest income on non-accrual loans during the six months ended June 30, 2026.
December 31, 2025
30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More
Past Due		Total
Past Due		CurrentTotal LoansNon-accrual with no Allowance
Total Non-accrual (1)
Loans 90 Days or More Past Due and Accruing
Commercial real estate:
Owner-occupied$260 $— $— $260 $1,138,038 $1,138,298 $— $— $— 
Investment properties— — — — 1,701,413 1,701,413 — — — 
Small balance CRE1,396 513 525 2,434 1,209,923 1,212,357 459 525 — 
Multifamily real estate— — — — 850,789 850,789 — — — 
Construction, land and land development:
Commercial construction— — — — 156,021 156,021 — — — 
Multifamily construction— — — — 514,330 514,330 — — — 
One- to four-family construction289 — 2,007 2,296 605,151 607,447 738 738 1,268 
Land and land development623 517 3,298 4,438 429,240 433,678 1,970 4,437 — 
Commercial business:
Commercial business992 — 2,813 3,805 1,221,303 1,225,108 716 3,390 — 
Small business scored4,456 777 1,404 6,637 1,180,723 1,187,360 239 3,361 — 
Agricultural business, including secured by farmland
— — 1,546 1,546 351,606 353,152 1,490 4,609 — 
One-to four-family residential9,715 5,134 19,424 34,273 1,538,918 1,573,191 10,272 19,855 2,698 
Consumer:
Consumer—home equity revolving lines of credit3,817 853 2,197 6,867 672,622 679,489 252 4,559 114 
Consumer—other327 125 85 537 88,517 89,054 — 51 34 
Total$21,875 $7,919 $33,299 $63,093 $11,658,594 $11,721,687 $16,136 $41,525 $4,114 

(1)     The Company did not recognize any interest income on non-accrual loans during the year ended December 31, 2025.
The following tables provide the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2026 and 2025 (in thousands):
For the Three Months Ended June 30, 2026
Commercial Real EstateMultifamily Real EstateConstruction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerTotal
Allowance for credit losses - loans:
Beginning balance$41,788 $9,201 $34,589 $39,452 $4,930 $19,640 $10,752 $160,352 
Provision/(recapture) for credit losses367 658 (2,470)1,784 720 (174)713 1,598 
Recoveries12 — 5 171 213 12 63 476 
Charge-offs— — — (293)(4)— (280)(577)
Ending balance$42,167 $9,859 $32,124 $41,114 $5,859 $19,478 $11,248 $161,849 
For the Six Months Ended June 30, 2026
Commercial Real EstateMultifamily Real EstateConstruction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerTotal
Allowance for credit losses - loans:
Beginning balance$41,599 $9,805 $35,508 $37,785 $5,567 $19,552 $10,460 $160,276 
Provision/(recapture) for credit losses545 54 (3,393)4,233 79 (99)1,471 2,890 
Recoveries23 — 9 252 217 25 203 729 
Charge-offs— — — (1,156)(4)— (886)(2,046)
Ending balance$42,167 $9,859 $32,124 $41,114 $5,859 $19,478 $11,248 $161,849 
For the Three Months Ended June 30, 2025
Commercial Real EstateMultifamily Real EstateConstruction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerTotal
Allowance for credit losses - loans:
Beginning balance$40,076 $10,109 $32,042 $38,665 $5,641 $20,752 $10,038 $157,323 
Provision/(recapture) for credit losses907 (191)2,082 457 936 107 (97)4,201 
Recoveries53 — — 361 1 58 168 641 
Charge-offs— — — (892)(362)— (410)(1,664)
Ending balance$41,036 $9,918 $34,124 $38,591 $6,216 $20,917 $9,699 $160,501 
For the Six Months Ended June 30, 2025
Commercial Real EstateMultifamily Real EstateConstruction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerTotal
Allowance for credit losses - loans:
Beginning balance$40,830 $10,308 $29,038 $38,611 $5,727 $20,807 $10,200 $155,521 
Provision/(recapture) for credit losses96 (390)5,086 3,255 840 (123)(14)8,750 
Recoveries110 — — 918 11 246 287 1,572 
Charge-offs— — — (4,193)(362)(13)(774)(5,342)
Ending balance$41,036 $9,918 $34,124 $38,591 $6,216 $20,917 $9,699 $160,501