v3.26.1
Loans, Allowance for Credit Losses, and Asset Quality Information (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Major Categories of Total Loans Outstanding
The following is a summary of the major categories of total loans outstanding:
($ in thousands)June 30, 2026December 31, 2025
AmountPercentageAmountPercentage
Commercial and industrial$1,014,295 11 %$1,046,438 12 %
Construction, development & other land loans847,912 10 %753,199 9 %
Commercial real estate - owner occupied1,358,100 15 %1,353,912 15 %
Commercial real estate - non owner occupied2,974,749 33 %2,843,555 33 %
Multi-family real estate619,489 7 %537,015 6 %
Residential 1-4 family real estate1,728,367 19 %1,736,453 20 %
Home equity loans/lines of credit377,949 4 %383,652 4 %
Consumer loans68,692 1 %67,458 1 %
Subtotal8,989,553 100 %8,721,682 100 %
Unamortized net deferred loan (fees)/costs(805)737 
Total loans$8,988,748 $8,722,419 
Also included in the table above are various SBA loans, generally originated under the SBA 7A program, with additional information on these loans presented in the table below.
($ in thousands)June 30, 2026December 31, 2025
Guaranteed portions of SBA loans included in table above$49,431 $61,501 
Unguaranteed portions of SBA loans included in table above97,475 100,509 
Total SBA loans included in the table above$146,906 $162,010 
Sold portions of SBA loans with servicing retained - not included in tables above$280,913 $284,649 
Schedule of Nonperforming Assets and Nonaccrual Loans
The following table summarizes the NPAs for each date presented.
($ in thousands)June 30,
2026		December 31,
2025
Nonaccrual loans$44,283 $36,315 
Accruing loans 90 days or more past due— — 
Total nonperforming loans44,283 36,315 
Foreclosed properties659 1,425 
Total nonperforming assets$44,942 $37,740 
The following table is a summary of the Company’s nonaccrual loans by major categories as of June 30, 2026:
($ in thousands)Nonaccrual Loans with No AllowanceNonaccrual Loans with an AllowanceTotal Nonaccrual Loans
Commercial and industrial$— $8,697 $8,697 
Construction, development & other land loans— 303 303 
Commercial real estate - owner occupied4,822 9,442 14,264 
Commercial real estate - non owner occupied4,204 4,314 8,518 
Residential 1-4 family real estate— 9,253 9,253 
Home equity loans/lines of credit— 3,024 3,024 
Consumer loans— 224 224 
Total$9,026 $35,257 $44,283 
The following table is a summary of the Company’s nonaccrual loans by major categories as of December 31, 2025:
($ in thousands)Nonaccrual Loans with No AllowanceNonaccrual Loans with an AllowanceTotal Nonaccrual Loans
Commercial and industrial$— $9,130 $9,130 
Construction, development & other land loans— 202 202 
Commercial real estate - owner occupied1,825 11,639 13,464 
Commercial real estate - non owner occupied4,269 709 4,978 
Residential 1-4 family real estate— 5,908 5,908 
Home equity loans/lines of credit— 2,407 2,407 
Consumer loans— 226 226 
Total$6,094 $30,221 $36,315 
Schedule of Analysis of Payment Status
The following table presents an analysis of the payment status of the Company’s loans as of June 30, 2026:
($ in thousands)Accruing
Current		Accruing
30-59
Days Past
Due		Accruing
60-89
Days
Past
Due		Nonaccrual
Loans		Total Loans
Receivable
Commercial and industrial$1,003,760 $864 $974 $8,697 $1,014,295 
Construction, development & other land loans847,574 35 — 303 847,912 
Commercial real estate - owner occupied1,343,327 509 — 14,264 1,358,100 
Commercial real estate - non owner occupied2,966,082 102 47 8,518 2,974,749 
Multi-family real estate619,489 — — — 619,489 
Residential 1-4 family real estate1,712,092 5,733 1,289 9,253 1,728,367 
Home equity loans/lines of credit373,539 1,198 188 3,024 377,949 
Consumer loans68,114 214 140 224 68,692 
Total$8,933,977 $8,655 $2,638 $44,283 8,989,553 
Unamortized net deferred loan costs/(fees)(805)
Total loans$8,988,748 

The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2025:
($ in thousands)Accruing
Current		Accruing
30-59
Days
Past
Due		Accruing
60-89
Days
Past
Due		Nonaccrual
Loans		Total Loans
Receivable
Commercial and industrial$1,034,943 $1,824 $541 $9,130 $1,046,438 
Construction, development & other land loans752,388 602 7 202 753,199 
Commercial real estate - owner occupied1,338,042 2,130 276 13,464 1,353,912 
Commercial real estate - non owner occupied2,838,054 — 523 4,978 2,843,555 
Multi-family real estate537,015 — — — 537,015 
Residential 1-4 family real estate1,720,305 6,685 3,555 5,908 1,736,453 
Home equity loans/lines of credit379,437 1,570 238 2,407 383,652 
Consumer loans66,692 290 250 226 67,458 
Total$8,666,876 $13,101 $5,390 $36,315 8,721,682 
Unamortized net deferred loan costs/(fees)737 
Total loans$8,722,419 
Schedule of Analysis of Payment Status
The following table presents an analysis of collateral dependent loans of the Company as of June 30, 2026:
($ in thousands)Commercial PropertyTotal Collateral-Dependent Loans
Commercial real estate - owner occupied$8,387 $8,387 
Commercial real estate - non owner occupied8,338 8,338 
Total$16,725 $16,725 
The following table presents an analysis of collateral dependent loans of the Company as of December 31, 2025:
($ in thousands)Commercial PropertyTotal Collateral-Dependent Loans
Commercial real estate - owner occupied$5,390 $5,390 
Commercial real estate - non owner occupied4,269 4,269 
Total$9,659 $9,659 
Schedule of Allowance for Loan Losses
The following tables present the activity in the allowance for credit losses ("ACL") on loans for each of the periods indicated.

($ in thousands)Beginning balanceCharge-offsRecoveriesProvisions / (Reversals)Ending balance
As of and for the three months ended June 30, 2026
Commercial and industrial$19,373 $(1,089)$480 $436 $19,200 
Construction, development & other land loans14,778 — 30 343 15,151 
Commercial real estate - owner occupied19,066 — 113 (865)18,314 
Commercial real estate - non owner occupied24,178 — 8 1,544 25,730 
Multi-family real estate5,617 — — 815 6,432 
Residential 1-4 family real estate34,086 (252)34 (1,889)31,979 
Home equity loans/lines of credit3,334 — 1 9 3,344 
Consumer loans4,302 (342)30 754 4,744 
Total$124,734 $(1,683)$696 $1,147 $124,894 
As of and for the six months ended June 30, 2026
Commercial and industrial$20,044 $(2,502)$811 $847 $19,200 
Construction, development & other land loans11,465 — 61 3,625 15,151 
Commercial real estate - owner occupied20,298 (247)245 (1,982)18,314 
Commercial real estate - non owner occupied25,017 — 16 697 25,730 
Multi-family real estate5,205 — — 1,227 6,432 
Residential 1-4 family real estate34,068 (257)80 (1,912)31,979 
Home equity loans/lines of credit3,519 — 11 (186)3,344 
Consumer loans3,965 (687)84 1,382 4,744 
Total$123,581 $(3,693)$1,308 $3,698 $124,894 
($ in thousands)Beginning balanceCharge-offsRecoveriesProvisions / (Reversals)Ending balance
As of and for the three months ended June 30, 2025
Commercial and industrial$19,275 $(1,416)$467 $180 $18,506 
Construction, development & other land loans7,669 — 32 959 8,660 
Commercial real estate - owner occupied19,325 (13)5 1,429 20,746 
Commercial real estate - non owner occupied28,384 (33)17 (3,943)24,425 
Multi-family real estate5,015 — — (270)4,745 
Residential 1-4 family real estate33,735 — 24 2,024 35,783 
Home equity loans/lines of credit3,502 — 2 (59)3,445 
Consumer loans3,726 (292)51 750 4,235 
Total$120,631 $(1,754)$598 $1,070 $120,545 
As of and for the six months ended June 30, 2025
Commercial and industrial$19,474 $(3,632)$964 $1,700 $18,506 
Construction, development & other land loans9,314 — 105 (759)8,660 
Commercial real estate - owner occupied19,380 (450)111 1,705 20,746 
Commercial real estate - non owner occupied27,768 (938)20 (2,425)24,425 
Multi-family real estate5,476 — — (731)4,745 
Residential 1-4 family real estate33,552 (124)53 2,302 35,783 
Home equity loans/lines of credit4,111 (68)21 (619)3,445 
Consumer loans3,497 (662)105 1,295 4,235 
Total$122,572 $(5,874)$1,379 $2,468 $120,545 
The following table presents the balance and activity in the allowance for unfunded loan commitments for the three and six months ended June 30, 2026 and 2025:
Three months ended June 30,Six months ended June 30,
($ in thousands)2026202520262025
Beginning balance$11,536 $8,784 $11,004 $9,066 
Charge-offs— — — — 
Recoveries— — — — 
Provision for (reversal of) unfunded commitments22 1,142 554 860 
Ending balance$11,558 $9,926 $11,558 $9,926 
Schedule of Recorded Investment in Loans by Credit Quality Indicators
In the tables that follow, substantially all of the "Classified" loans have grades of 7 for commercial loans or Fail for consumer loans, with those categories having similar levels of risk.
The tables below present the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of the periods indicated. Acquired loans are presented in the year originated, not in the year of acquisition.
Term Loans by Year of Origination
($ in thousands)20262025202420232022PriorRevolvingTotal
As of June 30, 2026
Commercial and industrial
Pass$140,997 $169,236 $51,966 $34,690 $76,545 $149,373 $378,042 $1,000,849 
Special Mention395 24 162 74 320 465 506 1,946 
Classified229 555 1,228 975 2,918 3,442 2,153 11,500 
Total commercial and industrial141,621 169,815 53,356 35,739 79,783 153,280 380,701 1,014,295 
Gross charge-offs, YTD11 11 — 33 203 556 1,688 2,502 
Construction, development & other land loans
Pass285,927 340,402 61,023 50,312 14,557 22,984 70,732 845,937 
Special Mention— 855 — 554 35 — — 1,444 
Classified— 162 45 255 62 7 — 531 
Total construction, development & other land loans285,927 341,419 61,068 51,121 14,654 22,991 70,732 847,912 
Gross charge-offs, YTD— — — — — — — — 
Commercial real estate - owner occupied
Pass156,493 265,806 166,233 166,983 194,378 343,362 28,163 1,321,418 
Special Mention1,103 2,178 3,183 1,172 919 8,038 1,342 17,935 
Classified684 1,510 1,991 1,339 2,285 10,938 — 18,747 
Total commercial real estate - owner occupied158,280 269,494 171,407 169,494 197,582 362,338 29,505 1,358,100 
Gross charge-offs, YTD— — — — — 247 — 247 
Commercial real estate - non owner occupied
Pass564,633 652,075 285,175 315,903 549,138 571,607 25,122 2,963,653 
Special Mention— 208 1,116 — 343 401 — 2,068 
Classified443 4,205 44 — 20 4,316 — 9,028 
Total commercial real estate - non owner occupied565,076 656,488 286,335 315,903 549,501 576,324 25,122 2,974,749 
Gross charge-offs, YTD— — — — — — — — 
Multi-family real estate
Pass53,779 101,950 88,944 87,296 103,965 165,135 18,292 619,361 
Special Mention— — — — — — — — 
Classified— — — 128 — — — 128 
Total multi-family real estate53,779 101,950 88,944 87,424 103,965 165,135 18,292 619,489 
Gross charge-offs, YTD— — — — — — — — 
Residential 1-4 family real estate
Pass108,553 243,086 141,393 283,617 360,425 573,859 53 1,710,986 
Special Mention— 376 17 — 168 389 — 950 
Classified— 2,163 134 845 2,710 10,579 — 16,431 
Total residential 1-4 family real estate108,553 245,625 141,544 284,462 363,303 584,827 53 1,728,367 
Gross charge-offs, YTD— — — — 7 250 — 257 
Home equity loans/lines of credit
Pass795 3,428 1,203 651 469 435 363,946 370,927 
Special Mention— — — — — — 11 11 
Classified31 145 — 257 — 169 6,409 7,011 
Total home equity loans/lines of credit826 3,573 1,203 908 469 604 370,366 377,949 
Gross charge-offs, YTD— — — — — — — — 
Consumer loans
Pass9,586 11,559 6,050 3,152 2,126 1,124 34,761 68,358 
Special Mention— — — — — — — — 
Classified6 22 37 45 22 — 202 334 
Total consumer loans9,592 11,581 6,087 3,197 2,148 1,124 34,963 68,692 
Gross charge-offs, YTD— 67 82 9 — — 529 687 
Total loans$1,323,654 $1,799,945 $809,944 $948,248 $1,311,405 $1,866,623 $929,734 8,989,553 
Unamortized net deferred loan costs/(fees)(805)
Total loans, net of deferred loan costs/(fees)$8,988,748 
Total gross charge-offs, year to date$11 $78 $82 $42 $210 $1,053 $2,217 $3,693 
Term Loans by Year of Origination
($ in thousands)20252024202320222021PriorRevolvingTotal
As of December 31, 2025
Commercial and industrial
Pass$213,147 $79,715 $43,504 $91,590 $57,804 $108,133 $439,840 $1,033,733 
Special Mention85 260 164 109 82 262 1,416 2,378 
Classified515 157 949 3,177 416 3,692 1,421 10,327 
Total commercial and industrial213,747 80,132 44,617 94,876 58,302 112,087 442,677 1,046,438 
Gross charge-offs, YTD35 646 780 903 174 802 4,401 7,741 
Construction, development & other land loans
Pass469,670 115,650 76,839 18,463 18,724 8,840 39,702 747,888 
Special Mention4,172 — 573 48 — — — 4,793 
Classified57 49 72 68 2 270 — 518 
Total construction, development & other land loans473,899 115,699 77,484 18,579 18,726 9,110 39,702 753,199 
Gross charge-offs, YTD— — — — — — — — 
Commercial real estate - owner occupied
Pass298,490 187,305 185,070 215,615 220,148 184,358 25,429 1,316,415 
Special Mention2,428 2,856 1,802 3,018 406 6,541 1,757 18,808 
Classified112 1,393 568 2,313 474 13,786 43 18,689 
Total commercial real estate - owner occupied301,030 191,554 187,440 220,946 221,028 204,685 27,229 1,353,912 
Gross charge-offs, YTD— 420 — 17 — 903 — 1,340 
Commercial real estate - non owner occupied
Pass724,974 374,312 376,910 594,522 529,233 205,946 29,622 2,835,519 
Special Mention136 1,131 — — 1 382 — 1,650 
Classified78 662 — 546 — 5,100 — 6,386 
Total commercial real estate - non owner occupied725,188 376,105 376,910 595,068 529,234 211,428 29,622 2,843,555 
Gross charge-offs, YTD— 905 — 33 — — — 938 
Multi-family real estate
Pass100,953 65,838 63,983 109,323 148,234 33,429 15,124 536,884 
Special Mention— — — — — — — — 
Classified— — 131 — — — — 131 
Total multi-family real estate100,953 65,838 64,114 109,323 148,234 33,429 15,124 537,015 
Gross charge-offs, YTD— — — — — — — — 
Residential 1-4 family real estate
Pass166,356 230,701 301,965 373,118 264,824 381,796 61 1,718,821 
Special Mention390 424 — — 267 630 — 1,711 
Classified151 2,561 420 2,273 1,894 8,622 — 15,921 
Total residential 1-4 family real estate166,897 233,686 302,385 375,391 266,985 391,048 61 1,736,453 
Gross charge-offs, YTD— — — — — 127 — 127 
Home equity loans/lines of credit
Pass3,785 1,255 1,894 659 203 420 369,296 377,512 
Special Mention— — — — — — — — 
Classified158 34 254 — 88 3 5,603 6,140 
Total home equity loans/lines of credit3,943 1,289 2,148 659 291 423 374,899 383,652 
Gross charge-offs, YTD— — — 68 — — 1 69 
Consumer loans
Pass15,044 8,619 4,952 3,390 1,063 580 33,403 67,051 
Special Mention— — — — — — — — 
Classified49 74 36 24 4 — 220 407 
Total consumer loans15,093 8,693 4,988 3,414 1,067 580 33,623 67,458 
Gross charge-offs, YTD25 149 115 12 1 37 1,075 1,414 
Total loans$2,000,750 $1,072,996 $1,060,086 $1,418,256 $1,243,867 $962,790 $962,937 8,721,682 
Unamortized net deferred loan costs/(fees)737 
Total loans, net of deferred loan costs/(fees)$8,722,419 
Total gross charge-offs, year to date$60 $2,120 $895 $1,033 $175 $1,869 $5,477 $11,629 
Schedule of Information Related to Loans Modified in a Troubled Debt Restructuring
The following table presents the amortized cost basis at June 30, 2026 of the loans modified during the three and six month periods then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted.
($ in thousands)Payment DelayTerm ExtensionTotalPercent of Total Class of Loans
As of and for the three months ended June 30, 2026
Commercial and industrial$— $221 $221 0.02 %
Construction, development & other land loans— 8 8 — %
Commercial real estate - owner occupied$1,421 $42 $1,463 0.11 %
Residential 1-4 family real estate— 88 88 0.01 %
Home equity loans/lines of credit— 119 119 0.03 %
Total$1,421 $478 $1,899 0.02 %
As of and for the six months ended June 30, 2026
Commercial and industrial$— $221 $221 0.02 %
Construction, development & other land loans— 8 8 — %
Commercial real estate - owner occupied1,421 42 1,463 0.11 %
Commercial real estate - non owner occupied— 44 44 — %
Residential 1-4 family real estate— 168 168 0.01 %
Home equity loans/lines of credit— 410 410 0.11 %
Consumer loans— 19 19 0.03 %
Total$1,421 $912 $2,333 0.03 %
The following table presents the amortized cost basis at June 30, 2025 of the loans modified during the three and six month periods then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted.
($ in thousands)Payment DelayTerm ExtensionCombination - Term Extension and Payment DelayTotalPercent of Total Class of Loans
As of and for the three months ended June 30, 2025
Commercial and industrial$138 $— $— $138 0.02 %
Construction, development & other land loans$— $309 $— $309 0.05 %
Commercial real estate - owner occupied334 68 — 402 0.03 %
Commercial real estate - non owner occupied— — 85 85 — %
Residential 1-4 family real estate— 95 120 215 0.01 %
Home equity loans/lines of credit— 225 — 225 0.06 %
Total$472 $697 $205 $1,374 0.02 %
​
As of and for the six months ended June 30, 2025
Commercial and industrial$192 $— $— $192 0.02 %
Construction, development & other land loans— 309 — 309 0.05 %
Commercial real estate - owner occupied334 111 — 445 0.04 %
Commercial real estate - non owner occupied1,589 — 4,478 6,067 0.22 %
Residential 1-4 family real estate— 110 120 230 0.01 %
Home equity loans/lines of credit— 380 — 380 0.11 %
Total$2,115 $910 $4,598 $7,623 0.09 %
For the three and six months ended June 30, 2026 and June 30, 2025, there were no modifications for borrowers experiencing financial difficulty with principal forgiveness concessions.
The following table describes the financial effect for the three and six months ended June 30, 2026 of the modifications made for borrowers experiencing financial difficulty:
Financial Effect of Modification to Borrowers Experiencing Financial Difficulty
Weighted Average Payment Delay
(in months)		Weighted Average Term Extension
(in months)
For the three months ended June 30, 2026
Commercial and industrial08
Construction, development & other land loans059
Commercial real estate - owner occupied612
Residential 1-4 family real estate0123
Home equity loans/lines of credit047
For the six months ended June 30, 2026
Commercial and industrial08
Construction, development & other land loans059
Commercial real estate - owner occupied612
Commercial real estate - non owner occupied012
Residential 1-4 family real estate0138
Home equity loans/lines of credit091
Consumer loans039
The following table describes the financial effect for the three and six months ended June 30, 2025 of the modifications made for borrowers experiencing financial difficulty:
Financial Effect of Modification to Borrowers Experiencing Financial Difficulty
Weighted Average Payment Delay
(in months)		Weighted Average Term Extension
(in months)
For the three months ended June 30, 2025
Construction, development & other land loans03
Commercial real estate - owner occupied7148
Commercial real estate - non owner occupied42
Residential 1-4 family real estate429
Home equity loans/lines of credit040
For the six months ended June 30, 2025
Commercial and industrial10
Construction, development & other land loans03
Commercial real estate - owner occupied797
Commercial real estate - non owner occupied77
Residential 1-4 family real estate431
Home equity loans/lines of credit063
The Company closely monitors the performance of the modified loans that are to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that were modified in the last twelve months as of June 30, 2026:
Payment Status (Amortized Cost Basis)
($ in thousands)Current30-59 Days Past Due60-89 Days Past Due90+ Days Past Due
Commercial and industrial$583 $— $— $248 
Construction, development & other land loans8 — — — 
Commercial real estate - owner occupied1,463 — — — 
Commercial real estate - non owner occupied44 — — — 
Residential 1-4 family real estate176 36 — — 
Home equity loans/lines of credit860 — — — 
Consumer loans19 — — — 
$3,153 $36 $— $248 
The following table depicts the performance of loans that were modified in the last twelve months as of December 31, 2025:
Payment Status (Amortized Cost Basis)
($ in thousands)Current30-59 Days Past Due60-89 Days Past Due90+ Days Past Due
Commercial and industrial$594 $38 $— $563 
Commercial real estate - owner occupied500 334 — — 
Commercial real estate - non owner occupied4,316 — — — 
Residential 1-4 family real estate144 — — — 
Home equity loans/lines of credit674 130 — — 
$6,228 $502 $— $563