Loans (Tables)

6 Months Ended

Jun. 30, 2026

Loans, Net of Allowance for Credit Losses

Loans, net of allowance for credit losses, consisted of the following as of the dates indicated:


	June 30, 2026			December 31, 2025
	(in thousands)
Real estate loans:
Commercial property
Retail	$	1,193,177		$	1,132,439
Hospitality		858,617			847,989
Office		479,110			503,268
Other (1)		1,477,659			1,532,667
Total commercial property loans		4,008,563			4,016,363
Construction		13,757			13,742
Residential (2)		978,881			1,049,872
Total real estate loans		5,001,201			5,079,977
Commercial and industrial loans		1,171,272			1,074,908
Equipment financing agreements		362,839			408,483
Total loans		6,535,312			6,563,368
Allowance for credit losses		(70,475	)		(69,903	)
Total loans, net of allowance for credit losses	$	6,464,837		$	6,493,465

(1)

Includes, among other property types, mixed-use, gas station, multifamily, industrial, and faith-based facilities; the remaining real estate categories represent less than 1% of the Bank's total loans.

(2)

Includes $0.9 million and $1.0 million of home equity loans and lines and $4.9 million and $3.8 million of personal loans at June 30, 2026 and December 31, 2025, respectively.

Activity in Loans Held for Sale

Activity in loans held for sale is presented below for the following periods:


	Real Estate			Commercial and Industrial			Total
	(in thousands)
Three months ended June 30, 2026
Balance at beginning of period	$	2,714		$	2,218		$	4,932
Originations and transfers		53,118			14,093			67,211
Sales		(42,541	)		(12,216	)		(54,757	)
Principal paydowns and amortization		(1	)		(416	)		(417	)
Balance at end of period	$	13,290		$	3,679		$	16,969

Three months ended June 30, 2025
Balance at beginning of period	$	5,015		$	6,816		$	11,831
Originations and transfers		56,000			17,190			73,190
Sales		(15,601	)		(19,787	)		(35,388	)
Principal paydowns and amortization		(2	)		(20	)		(22	)
Balance at end of period	$	45,412		$	4,199		$	49,611


	Real Estate			Commercial and Industrial			Total
	(in thousands)
Six months ended June 30, 2026
Balance at beginning of period	$	4,985		$	2,418		$	7,403
Originations and transfers		104,742			25,011			129,753
Sales		(95,668	)		(23,332	)		(119,000	)
Principal payoffs and amortization		(769	)		(418	)		(1,187	)
Balance at end of period	$	13,290		$	3,679		$	16,969

Six months ended June 30, 2025
Balance at beginning of period	$	3,994		$	4,585		$	8,579
Originations and transfers		74,615			33,995			108,610
Sales		(33,195	)		(34,358	)		(67,553	)
Principal payoffs and amortization		(2	)		(23	)		(25	)
Balance at end of period	$	45,412		$	4,199		$	49,611

Loans Purchased by Portfolio Segment

The following table presents loans purchased by portfolio segment for the following periods:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
	(in thousands)
Commercial real estate	$	—	$	—	$	—	$	15,113
Commercial and industrial		268		—		268		9,203
Residential real estate		12,301		10,330		12,301		20,315
Total	$	12,569	$	10,330	$	12,569	$	44,631

Allowance for Credit Losses by Portfolio Segment

The following table details the information on the allowance for credit losses by portfolio segment for the following periods:


	Real Estate			Commercial and Industrial			Equipment Financing Agreements			Total
	(in thousands)
Three months ended June 30, 2026
Balance at beginning of period	$	50,108		$	8,811		$	11,549		$	70,468
Charge-offs		(28	)		(275	)		(1,590	)		(1,893	)
Recoveries		39			37			553			629
Credit loss expense (recovery)		(992	)		107			2,156			1,271
Ending balance	$	49,127		$	8,680		$	12,668		$	70,475

Three months ended June 30, 2025
Balance at beginning of period	$	51,302		$	6,242		$	13,053		$	70,597
Charge-offs		(8,615	)		(811	)		(2,951	)		(12,377	)
Recoveries		194			198			621			1,013
Credit loss expense		5,140			1,306			1,077			7,523
Ending balance	$	48,021		$	6,935		$	11,800		$	66,756


	Real Estate			Commercial and Industrial			Equipment Financing Agreements			Total
	(in thousands)
Six months ended June 30, 2026
Balance at beginning of period	$	51,670		$	7,792		$	10,441		$	69,903
Charge-offs		(160	)		(402	)		(4,502	)		(5,064	)
Recoveries		84			76			1,042			1,202
Credit loss expense (recovery)		(2,467	)		1,214			5,687			4,434
Ending balance	$	49,127		$	8,680		$	12,668		$	70,475

Six months ended June 30, 2025
Balance at beginning of period	$	45,099		$	10,006		$	15,042		$	70,147
Charge-offs		(8,785	)		(1,033	)		(5,749	)		(15,567	)
Recoveries		618			234			1,404			2,256
Credit loss expense (recovery)		11,089			(2,272	)		1,103			9,920
Ending balance	$	48,021		$	6,935		$	11,800		$	66,756

The table below presents the allowance for credit losses by portfolio segment as a percentage of the total allowance for credit losses and loans by portfolio segment as a percentage of the total investment in loans as of:


	June 30, 2026										December 31, 2025
	Allowance					Loans					Allowance					Loans
	Amount		%			Amount		%			Amount		%			Amount		%
	(dollars in thousands)
Real estate loans:
Commercial property
Retail	$	11,022		15.6	%	$	1,193,177		18.3	%	$	9,999		14.3	%	$	1,132,439		17.3	%
Hospitality		7,475		10.6			858,617		13.1			8,737		12.5			847,989		12.9
Office		4,968		7.1			479,110		7.3			5,700		8.2			503,268		7.7
Other		13,828		19.6			1,477,659		22.6			14,078		20.1			1,532,667		23.4
Total commercial property loans		37,293		52.9			4,008,563		61.3			38,514		55.1			4,016,363		61.3
Construction		174		0.3			13,757		0.2			208		0.3			13,742		0.2
Residential		11,659		16.5			978,881		15.0			12,948		18.5			1,049,872		16.0
Total real estate loans		49,126		69.7			5,001,201		76.5			51,670		73.9			5,079,977		77.5
Commercial and industrial loans		8,681		12.3			1,171,272		17.9			7,792		11.1			1,074,908		16.4
Equipment financing agreements		12,668		18.0			362,839		5.6			10,441		15.0			408,483		6.1
Total	$	70,475		100.0	%	$	6,535,312		100.0	%	$	69,903		100.0	%	$	6,563,368		100.0	%

Summary of Amortized Cost Basis of Collateral Dependent Loans By Class of Loans

The following table represents the amortized cost basis of collateral-dependent loans by class, for which repayment is expected to be obtained through the sale or operation of the underlying collateral, as of:


	June 30, 2026		December 31, 2025
	(in thousands)
Real estate loans:
Commercial property
Retail	$	429	$	596
Hospitality		—		—
Office		337		10,159
Other		1,143		671
Total commercial property loans		1,909		11,426
Residential		3,251		1,113
Total real estate loans		5,160		12,539
Total	$	5,160	$	12,539

Credit Quality of Loan Portfolio

Loans by Vintage Year and Risk Rating


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2026		2025			2024		2023		2022		Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
June 30, 2026
Real estate loans:
Commercial property
Risk Rating
Pass / Pass-Watch	$	738,201	$	811,834		$	374,320	$	352,443	$	788,844	$	816,289		$	39,836		$	3,921,767
Special Mention		816		54,500			—		521		594		293			—			56,724
Classified		—		596			—		21,186		1,336		6,954			—			30,072
Total commercial property		739,017		866,930			374,320		374,150		790,774		823,536			39,836			4,008,563
YTD gross charge-offs		—		—			—		—		41		91			—			132
YTD net charge-offs (recoveries)		—		(5	)		—		—		41		14			—			50

Construction
Risk Rating
Pass / Pass-Watch		2,562		7,196			3,999		—		—		—			—			13,757
Special Mention		—		—			—		—		—		—			—			—
Classified		—		—			—		—		—		—			—			—
Total construction		2,562		7,196			3,999		—		—		—			—			13,757
YTD gross charge-offs		—		—			—		—		—		—			—			—
YTD net charge-offs (recoveries)		—		—			—		—		—		—			—			—

Residential
Risk Rating
Pass / Pass-Watch		69,820		203,412			61,386		115,578		309,122		208,702			5,197			973,217
Special Mention		—		—			—		—				—			—			—
Classified		—		—			663		878		3,502		621			—			5,664
Total residential		69,820		203,412			62,049		116,456		312,624		209,323			5,197			978,881
YTD gross charge-offs		—		—			—		—		28		—			—			28
YTD net charge-offs (recoveries)		—		—			—		—		28		(2	)		—			26

Total real estate loans
Risk Rating
Pass / Pass-Watch		810,583		1,022,442			439,705		468,021		1,097,966		1,024,991			45,033			4,908,741
Special Mention		816		54,500			—		521		594		293			—			56,724
Classified		—		596			663		22,064		4,838		7,575			—			35,736
Total real estate loans		811,399		1,077,538			440,368		490,606		1,103,398		1,032,859			45,033			5,001,201
YTD gross charge-offs		—		—			—		—		69		91			—			160
YTD net charge-offs (recoveries)		—		(5	)		—		—		69		12			—			76

Commercial and industrial loans:
Risk Rating
Pass / Pass-Watch		264,494		281,204			142,939		35,570		20,474		22,771			386,545			1,153,997
Special Mention		242		—			35		—		11,197		—			—			11,474
Classified		4,998		151			85		—		124		43			400			5,801
Total commercial and industrial loans		269,734		281,355			143,059		35,570		31,795		22,814			386,945			1,171,272
YTD gross charge-offs		—		37			91		51		155		68			—			402
YTD net charge-offs (recoveries)		—		37			91		51		120		28			(1	)		326

Equipment financing agreements:
Risk Rating
Pass / Pass-Watch		62,615		116,418			67,967		61,519		41,488		8,621			—			358,628
Special Mention		—		—			—		—		—		—			—			—
Classified		—		811			929		940		1,126		405			—			4,211
Total equipment financing agreements		62,615		117,229			68,896		62,459		42,614		9,026			—			362,839
YTD gross charge-offs		—		1,551			525		802		1,260		364			—			4,502
YTD net charge-offs (recoveries)		—		1,549			471		671		989		(220	)		—			3,460

Total loans:
Risk Rating
Pass / Pass-Watch		1,137,692		1,420,064			650,611		565,110		1,159,928		1,056,383			431,578			6,421,366
Special Mention		1,058		54,500			35		521		11,791		293			—			68,198
Classified		4,998		1,558			1,677		23,004		6,088		8,023			400			45,748
Total loans	$	1,143,748	$	1,476,122		$	652,323	$	588,635	$	1,177,807	$	1,064,699		$	431,978		$	6,535,312
YTD gross charge-offs		—		1,588			616		853		1,484		523			—			5,064
YTD net charge-offs (recoveries)		—		1,581			562		722		1,178		(180	)		(1	)		3,862

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2025			2024		2023		2022		2021		Prior			Revolving Loans Amortized Cost Basis			Total

December 31, 2025
Real estate loans:
Commercial property
Risk Rating
Pass / Pass-Watch	$	1,181,833		$	402,354	$	472,027	$	808,330	$	735,411	$	285,598		$	54,824		$	3,940,377
Special Mention		55,029			—		—		148		1,371		298			—			56,846
Classified		3,846			—		—		11,225		—		4,069			—			19,140
Total commercial property		1,240,708			402,354		472,027		819,703		736,782		289,965			54,824			4,016,363
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(24	)		—			8,515

Construction
Risk Rating
Pass / Pass-Watch		9,745			3,997		—		—		—		—			—			13,742
Special Mention		—			—		—		—		—		—			—			—
Classified		—			—		—		—		—		—			—			—
Total construction		9,745			3,997		—		—		—		—			—			13,742
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		—			—			—

Residential
Risk Rating
Pass / Pass-Watch		258,847			84,457		142,926		326,126		132,510		97,076			4,154			1,046,096
Special Mention		—			—		—		2,417		—		—			250			2,667
Classified		—			—		—		1,113		—		(4	)		—			1,109
Total residential		258,847			84,457		142,926		329,656		132,510		97,072			4,404			1,049,872
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		(4	)		—			(4	)

Total real estate loans
Risk Rating
Pass / Pass-Watch		1,450,425			490,808		614,953		1,134,456		867,921		382,674			58,978			5,000,215
Special Mention		55,029			—		—		2,565		1,371		298			250			59,513
Classified		3,846			—		—		12,338		—		4,065			—			20,249
Total real estate loans		1,509,300			490,808		614,953		1,149,359		869,292		387,037			59,228			5,079,977
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(28	)		—			8,511

Commercial and industrial loans:
Risk Rating
Pass / Pass-Watch		426,520			168,307		40,485		44,797		19,772		16,931			345,975			1,062,787
Special Mention		—			—		—		11,600		—		—			—			11,600
Classified		—			—		—		148		—		21			352			521
Total commercial and industrial loans		426,520			168,307		40,485		56,545		19,772		16,952			346,327			1,074,908
YTD gross charge-offs		19			373		59		853		82		322			—			1,708
YTD net charge-offs (recoveries)		19			366		54		750		82		46			(2,723	)		(1,406	)

Equipment financing agreements:
Risk Rating
Pass / Pass-Watch		144,142			87,819		85,652		65,042		19,188		1,529			—			403,372
Special Mention		—			—		—		—		—		—			—			—
Classified		506			726		1,202		1,962		583		132			—			5,111
Total equipment financing agreements		144,648			88,545		86,854		67,004		19,771		1,661			—			408,483
YTD gross charge-offs		—			875		2,728		4,658		1,706		159			—			10,126
YTD net charge-offs (recoveries)		—			831		2,297		3,579		831		(234	)		(2	)		7,302

Total loans:
Risk Rating
Pass / Pass-Watch		2,021,087			746,934		741,090		1,244,295		906,881		401,134			404,953			6,466,374
Special Mention		55,029			—		—		14,165		1,371		298			250			71,113
Classified		4,352			726		1,202		14,448		583		4,218			352			25,881
Total loans	$	2,080,468		$	747,660	$	742,292	$	1,272,908	$	908,835	$	405,650		$	405,555		$	6,563,368
YTD gross charge-offs		19			1,248		2,787		14,331		1,788		873			—			21,046
YTD net charge-offs (recoveries)		11			1,197		2,351		12,876		913		(216	)		(2,725	)		14,407

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.

Loans by Vintage Year and Payment Performance


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2026		2025			2024		2023		2022		Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
June 30, 2026
Real estate loans:
Commercial property
Payment performance
Performing	$	739,017	$	866,334		$	374,320	$	374,150	$	790,337	$	822,201		$	39,836		$	4,006,195
Nonperforming		—		596			—		—		437		1,335			—			2,368
Total commercial property		739,017		866,930			374,320		374,150		790,774		823,536			39,836			4,008,563
YTD gross charge-offs		—		—			—		—		41		91			—			132
YTD net charge-offs (recoveries)		—		(5	)		—		—		41		14			—			50

Construction
Payment performance
Performing		2,562		7,196			3,999		—		—		—			—			13,757
Nonperforming		—		—			—		—		—		—			—			—
Total construction		2,562		7,196			3,999		—		—		—			—			13,757
YTD gross charge-offs		—		—			—		—		—		—			—			—
YTD net charge-offs (recoveries)		—		—			—		—		—		—			—			—

Residential
Payment performance
Performing		69,820		203,412			61,386		115,578		311,538		208,702			5,197			975,633
Nonperforming							663		878		1,086		621			—			3,248
Total residential		69,820		203,412			62,049		116,456		312,624		209,323			5,197			978,881
YTD gross charge-offs		—		—			—		—		28		—			—			28
YTD net charge-offs (recoveries)		—		—			—		—		28		(2	)		—			26

Total real estate loans
Payment performance
Performing		811,399		1,076,942			439,705		489,728		1,101,875		1,030,903			45,033			4,995,585
Nonperforming		—		596			663		878		1,523		1,956			—			5,616
Total real estate loans		811,399		1,077,538			440,368		490,606		1,103,398		1,032,859			45,033			5,001,201
YTD gross charge-offs		—		—			—		—		69		91			—			160
YTD net charge-offs (recoveries)		—		(5	)		—		—		69		12			—			76

Commercial and industrial loans:
Payment performance
Performing		269,734		281,336			142,974		35,570		31,795		22,814			386,945			1,171,168
Nonperforming		—		19			85		—		—		—			—			104
Total commercial and industrial loans		269,734		281,355			143,059		35,570		31,795		22,814			386,945			1,171,272
YTD gross charge-offs		—		37			91		51		155		68			—			402
YTD net charge-offs (recoveries)		—		37			91		51		120		28			(1	)		326

Equipment financing agreements:
Payment performance
Performing		62,615		116,418			67,967		61,519		41,488		8,621			—			358,628
Nonperforming		—		811			929		940		1,126		405			—			4,211
Total equipment financing agreements		62,615		117,229			68,896		62,459		42,614		9,026			—			362,839
YTD gross charge-offs		—		1,551			525		802		1,260		364			—			4,502
YTD net charge-offs (recoveries)		—		1,549			471		671		989		(220	)		—			3,460

Total loans:
Payment performance
Performing		1,143,748		1,474,696			650,646		586,817		1,175,158		1,062,338			431,978			6,525,381
Nonperforming		—		1,426			1,677		1,818		2,649		2,361			—			9,931
Total loans	$	1,143,748	$	1,476,122		$	652,323	$	588,635	$	1,177,807	$	1,064,699		$	431,978		$	6,535,312
YTD gross charge-offs		—		1,588			616		853		1,484		523			—			5,064
YTD net charge-offs (recoveries)		—		1,581			562		722		1,178		(180	)		(1	)		3,862

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2025			2024		2023		2022		2021		Prior			Revolving Loans Amortized Cost Basis			Total

December 31, 2025
Real estate loans:
Commercial property
Payment performance
Performing	$	1,240,037		$	402,354	$	472,027	$	809,391	$	736,782	$	289,102		$	54,824		$	4,004,517
Nonperforming		671			—		—		10,312		—		863			—			11,846
Total commercial property		1,240,708			402,354		472,027		819,703		736,782		289,965			54,824			4,016,363
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(24	)		—			8,515

Construction
Payment performance
Performing		9,745			3,997		—		—		—		—			—			13,742
Nonperforming		—			—		—		—		—		—			—			—
Total construction		9,745			3,997		—		—		—		—			—			13,742
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		—			—			—

Residential
Payment performance
Performing		258,847			84,457		142,926		328,543		132,510		97,076			4,404			1,048,763
Nonperforming		—			—		—		1,113		—		(4	)		—			1,109
Total residential		258,847			84,457		142,926		329,656		132,510		97,072			4,404			1,049,872
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		(4	)		—			(4	)

Total real estate loans
Payment performance
Performing		1,508,629			490,808		614,953		1,137,934		869,292		386,178			59,228			5,067,022
Nonperforming		671			—		—		11,425		—		859			—			12,955
Total real estate loans		1,509,300			490,808		614,953		1,149,359		869,292		387,037			59,228			5,079,977
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(28	)		—			8,511

Commercial and industrial loans:
Payment performance
Performing		426,520			168,307		40,485		56,499		19,772		16,952			346,327			1,074,862
Nonperforming		—			—		—		46		—		—			—			46
Total commercial and industrial loans		426,520			168,307		40,485		56,545		19,772		16,952			346,327			1,074,908
YTD gross charge-offs		19			373		59		853		82		322			—			1,708
YTD net charge-offs (recoveries)		19			366		54		750		82		46			(2,723	)		(1,406	)

Equipment financing agreements:
Payment performance
Performing		144,142			87,819		85,652		65,042		19,188		1,529			—			403,372
Nonperforming		506			726		1,202		1,962		583		132			—			5,111
Total equipment financing agreements		144,648			88,545		86,854		67,004		19,771		1,661			—			408,483
YTD gross charge-offs		—			875		2,728		4,658		1,706		159			—			10,126
YTD net charge-offs (recoveries)		—			831		2,297		3,579		831		(234	)		(2	)		7,302

Total loans:
Payment performance
Performing		2,079,291			746,934		741,090		1,259,475		908,252		404,659			405,555			6,545,256
Nonperforming		1,177			726		1,202		13,433		583		991			—			18,112
Total loans	$	2,080,468		$	747,660	$	742,292	$	1,272,908	$	908,835	$	405,650		$	405,555		$	6,563,368
YTD gross charge-offs		19			1,248		2,787		14,331		1,788		873			—			21,046
YTD net charge-offs (recoveries)		11			1,197		2,351		12,876		913		(216	)		(2,725	)		14,407

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.

Analysis of Past Due Loans, Including Loans on Nonaccrual Status, Disaggregated by Loan Class

The following is an aging analysis of loans, including loans on nonaccrual status, disaggregated by loan class, as of:


	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total
	(in thousands)
June 30, 2026
Real estate loans:
Commercial property
Retail	$	21,510	$	712	$	429	$	22,651	$	1,170,526	$	1,193,177
Hospitality		186		—		—		186		858,431		858,617
Office		—		—		337		337		478,773		479,110
Other		318		596		527		1,441		1,476,218		1,477,659
Total commercial property loans		22,014		1,308		1,293		24,615		3,983,948		4,008,563
Construction		—		—		—		—		13,757		13,757
Residential		4,486		1,785		1,825		8,096		970,785		978,881
Total real estate loans		26,500		3,093		3,118		32,711		4,968,490		5,001,201
Commercial and industrial loans		433		10		—		443		1,170,829		1,171,272
Equipment financing agreements		3,208		1,480		2,347		7,035		355,804		362,839
Total loans	$	30,141	$	4,583	$	5,465	$	40,189	$	6,495,123	$	6,535,312

December 31, 2025
Real estate loans:
Commercial property
Retail	$	2,002	$	590	$	154	$	2,746	$	1,129,693	$	1,132,439
Hospitality		3,135		—		—		3,135		844,854		847,989
Office		—		—		10,159		10,159		493,109		503,268
Other		325		657		—		982		1,531,685		1,532,667
Total commercial property loans		5,462		1,247		10,313		17,022		3,999,341		4,016,363
Construction		—		—		—		—		13,742		13,742
Residential		4,311		1,259		1,109		6,679		1,043,193		1,049,872
Total real estate loans		9,773		2,506		11,422		23,701		5,056,276		5,079,977
Commercial and industrial loans		788		—		—		788		1,074,120		1,074,908
Equipment financing agreements		4,604		1,788		2,956		9,348		399,135		408,483
Total loans	$	15,165	$	4,294	$	14,378	$	33,837	$	6,529,531	$	6,563,368

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due 90 Days and Still Accruing

The following tables represent the amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of:


	June 30, 2026
	Nonaccrual Loans With No Allowance for Credit Losses			Nonaccrual Loans With Allowance for Credit Losses		Loans Past Due 90 Days Still Accruing		Total Nonperforming Loans
	(in thousands)
Real estate loans:
Commercial property
Retail	$	429		$	473	$	—	$	902
Hospitality		(46	)		52		—		6
Office		337			—		—		337
Other		1,123			—		—		1,123
Total commercial property loans		1,843			525		—		2,368
Construction		—			—		—		—
Residential		3,248			—		—		3,248
Total real estate loans		5,091			525		—		5,616
Commercial and industrial loans		—			104		—		104
Equipment financing agreements		—			4,211		—		4,211
Total	$	5,091		$	4,840	$	—	$	9,931

	December 31, 2025
	Nonaccrual Loans With No Allowance for Credit Losses			Nonaccrual Loans With Allowance for Credit Losses		Loans Past Due 90 Days Still Accruing		Total Nonperforming Loans
	(in thousands)
Real estate loans:
Commercial property
Retail	$	589		$	376	$	—	$	965
Hospitality		(39	)		83		—		44
Office		10,159			—		—		10,159
Other		671			7		—		678
Total commercial property loans		11,380			466		—		11,846
Residential		1,109			—		—		1,109
Total real estate loans		12,489			466		—		12,955
Commercial and industrial loans		—			46		—		46
Equipment financing agreements		(6	)		5,117		—		5,111
Total	$	12,483		$	5,629	$	—	$	18,112

Non-Performing Assets

The following table details nonperforming assets as of the dates indicated:


	June 30, 2026		December 31, 2025
	(in thousands)
Nonaccrual loans	$	9,931	$	18,112
Loans 90 days or more past due and still accruing		—		—
Total nonperforming loans		9,931		18,112
Other real estate owned (“OREO”)		—		1,980
Total nonperforming assets*	$	9,931	$	20,092

* Excludes repossessed personal property of $0.3 million and $0.6 million as of June 30, 2026 and December 31, 2025, respectively.

Schedule of Loan Modifications

The following table presents the amortized cost of loans that were modified to borrowers experiencing financial difficulty during the period indicated:


	Interest Only/Principal Deferment
	Amortized Cost Basis		% of Total Class of Loans			Financial Effect
	(in thousands)
Six months ended June 30, 2026
Commercial and industrial loans	$	4,998		0.4	%	One loan with 12-month
						interest-only modification