Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Loans Receivable, Amortized Cost by Portfolio Segment

The amortized cost of loans receivable, net of ACL on loans, consisted of the following portfolio segments and classes at the dates indicated:


	June 30, 2026		December 31, 2025
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	1,051,269	$	818,000
Owner-occupied CRE	1,227,674		1,034,829
Non-owner occupied CRE	2,509,283		2,057,844
Total commercial business	4,788,226		3,910,673
Residential real estate	348,838		358,834
Real estate construction and land development:
Residential	136,595		95,350
Commercial and multifamily	259,947		247,975
Total real estate construction and land development	396,542		343,325
Consumer	214,135		170,434
Loans receivable	5,747,741		4,783,266
ACL on loans	(59,473)		(52,584)
Loans receivable, net	$	5,688,268	$	4,730,682

Balances included in the amortized cost of loans receivable:
Unamortized net discount on acquired loans	$	(20,274)	$	(694)
Unamortized net deferred fee	$	(11,260)	$	(11,152)

Schedule of Loans Receivable, Amortized Cost, by Risk Grade, Origination Year and Gross Charge-Offs

The following tables present the amortized cost of loans receivable by risk grade and origination year at the dates indicated:


	June 30, 2026
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans Converted(1)		Loans Receivable
	2026		2025		2024		2023		2022		Prior
	(Dollars in thousands)
Commercial business:
Commercial and industrial
Pass	$	40,058	$	146,990	$	163,259	$	130,709	$	111,104	$	217,825	$	163,284	$	2,113	$	975,342
SM	68		1,009		6,127		808		5,386		1,583		14,534		222		29,737
SS	715		1,327		3,157		17,829		6,743		6,032		10,387		—		46,190
Total	40,841		149,326		172,543		149,346		123,233		225,440		188,205		2,335		1,051,269
Owner-occupied CRE
Pass	65,735		144,412		159,086		99,006		147,957		557,365		995		5,584		1,180,140
SM	—		—		—		221		—		31,448		—		—		31,669
SS	—		—		—		3,699		—		12,166		—		—		15,865
Total	65,735		144,412		159,086		102,926		147,957		600,979		995		5,584		1,227,674
Non-owner occupied CRE
Pass	86,026		245,422		219,699		247,081		480,057		1,142,373		—		2,217		2,422,875
SM	—		—		2,686		3,681		—		47,347		—		—		53,714
SS	—		99		—		—		5,742		26,853		—		—		32,694
Total	86,026		245,521		222,385		250,762		485,799		1,216,573		—		2,217		2,509,283
Total commercial business
Pass	191,819		536,824		542,044		476,796		739,118		1,917,563		164,279		9,914		4,578,357
SM	68		1,009		8,813		4,710		5,386		80,378		14,534		222		115,120
SS	715		1,426		3,157		21,528		12,485		45,051		10,387		—		94,749
Total	192,602		539,259		554,014		503,034		756,989		2,042,992		189,200		10,136		4,788,226
Residential real estate
Pass	—		—		18,296		40,272		121,783		166,281		—		—		346,632

SS	—		—		—		181		868		1,157		—		—		2,206
Total	—		—		18,296		40,453		122,651		167,438		—		—		348,838
Real estate construction and land development:
Residential
Pass	30,570		68,011		28,694		5,647		1,244		—		1,480		—		135,646

SS	—		—		—		949		—		—		—		—		949
Total	30,570		68,011		28,694		6,596		1,244		—		1,480		—		136,595
Commercial and multifamily
Pass	18,376		108,011		55,922		36,716		23,314		1,312		—		—		243,651
SM	—		—		—		8,828		877		283		—		—		9,988
SS	—		—		—		837		—		5,471		—		—		6,308
Total	18,376		108,011		55,922		46,381		24,191		7,066		—		—		259,947


	June 30, 2026
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans Converted(1)		Loans Receivable
	2026		2025		2024		2023		2022		Prior
	(Dollars in thousands)
Total real estate construction and land development
Pass	48,946		176,022		84,616		42,363		24,558		1,312		1,480		—		379,297
SM	—		—		—		8,828		877		283		—		—		9,988
SS	—		—		—		1,786		—		5,471		—		—		7,257
Total	48,946		176,022		84,616		52,977		25,435		7,066		1,480		—		396,542
Consumer
Pass	501		3,732		1,167		1,754		3,433		15,880		185,016		1,420		212,903

SS	—		—		—		227		95		294		284		332		1,232
Total	501		3,732		1,167		1,981		3,528		16,174		185,300		1,752		214,135
Loans receivable
Pass	241,266		716,578		646,123		561,185		888,892		2,101,036		350,775		11,334		5,517,189
SM	68		1,009		8,813		13,538		6,263		80,661		14,534		222		125,108
SS	715		1,426		3,157		23,722		13,448		51,973		10,671		332		105,444
Total	$	242,049	$	719,013	$	658,093	$	598,445	$	908,603	$	2,233,670	$	375,980	$	11,888	$	5,747,741

(1) Represents the loans receivable balance at June 30, 2026 which was converted from a revolving loan to a non-revolving amortizing loan during the six months ended June 30, 2026.


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans Converted(1)		Loans Receivable
	2025		2024		2023		2022		2021		Prior
	(Dollars in thousands)
Commercial business:
Commercial and industrial
Pass	$	132,722	$	147,339	$	91,315	$	93,265	$	35,392	$	92,265	$	148,902	$	2,760	$	743,960
SM	—		4,940		1,113		6,512		1,141		545		4,181		481		18,913
SS	1,207		2,104		18,270		7,299		62		6,920		18,626		639		55,127
Total	133,929		154,383		110,698		107,076		36,595		99,730		171,709		3,880		818,000
Owner-occupied CRE
Pass	125,339		115,937		83,969		129,824		134,443		403,824		6,042		—		999,378
SM	—		—		3,785		—		4,694		6,539		—		—		15,018
SS	—		—		3,014		—		—		17,419		—		—		20,433
Total	125,339		115,937		90,768		129,824		139,137		427,782		6,042		—		1,034,829
Non-owner-occupied CRE
Pass	220,384		186,195		221,889		352,919		226,420		789,404		—		—		1,997,211
SM	—		—		2,832		—		7,798		25,374		—		—		36,004
SS	—		—		—		—		—		24,629		—		—		24,629
Total	220,384		186,195		224,721		352,919		234,218		839,407		—		—		2,057,844
Total commercial business
Pass	478,445		449,471		397,173		576,008		396,255		1,285,493		154,944		2,760		3,740,549
SM	—		4,940		7,730		6,512		13,633		32,458		4,181		481		69,935
SS	1,207		2,104		21,284		7,299		62		48,968		18,626		639		100,189
Total	479,652		456,515		426,187		589,819		409,950		1,366,919		177,751		3,880		3,910,673
Residential real estate
Pass	—		21,697		43,453		125,709		124,512		41,166		—		—		356,537

SS	—		—		194		806		1,158		139		—		—		2,297
Total	—		21,697		43,647		126,515		125,670		41,305		—		—		358,834


	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans Converted(1)		Loans Receivable
	2025		2024		2023		2022		2021		Prior
	(Dollars in thousands)
Real estate construction and land development:
Residential
Pass	56,428		19,381		8,990		1,289		—		1,000		1,549		—		88,637

SS	—		—		963		—		5,750		—		—		—		6,713
Total	56,428		19,381		9,953		1,289		5,750		1,000		1,549		—		95,350
Commercial and multifamily
Pass	71,519		74,178		43,396		49,163		1,359		1,477		—		—		241,092
SM	—		—		—		886		—		301		—		—		1,187
SS	—		—		—		—		—		5,696		—		—		5,696
Total	71,519		74,178		43,396		50,049		1,359		7,474		—		—		247,975
Total real estate construction and land development
Pass	127,947		93,559		52,386		50,452		1,359		2,477		1,549		—		329,729
SM	—		—		—		886		—		301		—		—		1,187
SS	—		—		963		—		5,750		5,696		—		—		12,409
Total	127,947		93,559		53,349		51,338		7,109		8,474		1,549		—		343,325
Consumer
Pass	680		218		602		1,158		248		13,319		149,834		2,447		168,506

SS	—		—		423		25		—		658		500		322		1,928
Total	680		218		1,025		1,183		248		13,977		150,334		2,769		170,434
Loans receivable
Pass	607,072		564,945		493,614		753,327		522,374		1,342,455		306,327		5,207		4,595,321
SM	—		4,940		7,730		7,398		13,633		32,759		4,181		481		71,122
SS	1,207		2,104		22,864		8,130		6,970		55,461		19,126		961		116,823
Total	$	608,279	$	571,989	$	524,208	$	768,855	$	542,977	$	1,430,675	$	329,634	$	6,649	$	4,783,266

(1) Represents the loans receivable balance at December 31, 2025 which was converted from a revolving loan to non-revolving amortizing loan during the year ended December 31, 2025.

The following tables present gross charge-offs by loan class and origination year, for the periods indicated:


	Six Months Ended June 30, 2026
	Current Period Gross Charge-offs by Origination Year												Revolving Loans		Total Gross Charge-Offs
	2026		2025		2024		2023		2022		Prior
	(Dollars in thousands)
Commercial business	$	—	$	—	$	37	$	503	$	—	$	40	$	—	$	580
Residential real estate	—		—		—		—		64		—		—		64

Consumer	—		5		1		—		—		51		151		208
Total	$	—	$	5	$	38	$	503	$	64	$	91	$	151	$	852


	Six Months Ended June 30, 2025
	Current Period Gross Charge-offs by Origination Year												Revolving Loans		Total Gross Charge-Offs
	2025		2024		2023		2022		2021		Prior
	(Dollars in thousands)
Commercial business	$	—	$	—	$	222	$	404	$	—	$	50	$	—	$	676


Consumer	—		—		19		2		—		79		158		258
Total	$	—	$	—	$	241	$	406	$	—	$	129	$	158	$	934

Schedule of Loans Receivable, Nonaccrual

The following tables present the amortized cost of nonaccrual loans at the dates indicated:


	June 30, 2026
	Nonaccrual without ACL		Nonaccrual with ACL		Total Nonaccrual
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	2,959	$	2,166	$	5,125

Non-owner occupied CRE	2,312		—		2,312
Total commercial business	5,271		2,166		7,437
Residential real estate	1,338		—		1,338
Real estate construction and land development:
Residential	949		—		949
Commercial and multifamily	5,471		—		5,471
Total real estate construction and land development	6,420		—		6,420
Consumer	315		—		315
Total	$	13,344	$	2,166	$	15,510


	December 31, 2025
	Nonaccrual without ACL		Nonaccrual with ACL		Total Nonaccrual
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	853	$	2,086	$	2,939

Non-owner occupied CRE	3,947		—		3,947
Total commercial business	4,800		2,086		6,886
Residential real estate	1,196		—		1,196
Real estate construction and land development:
Residential	6,713		—		6,713
Commercial and multifamily	5,695		—		5,695
Total real estate construction and land development	12,408		—		12,408
Consumer	486		—		486
Total	$	18,890	$	2,086	$	20,976

The following table presents the reversal of interest income on loans due to the write-off of accrued interest receivable upon the initial classification of loans as nonaccrual loans and the interest income recognized due to payment in full or sale of previously classified nonaccrual loans during the periods indicated:


	Three Months Ended June 30,
	2026				2025
	Interest Income Reversed		Interest Income Recognized		Interest Income Reversed		Interest Income Recognized
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	(104)	$	110	$	(22)	$	6



Residential real estate	(11)		—		—		—
Real estate construction and land development:

Commercial and multifamily	—		—		(154)		—

Consumer	(3)		8		—		—
Total	$	(118)	$	118	$	(176)	$	6

Schedule of Loans Receivable, Past Due

The following tables present the amortized cost of past due loans at the dates indicated:


	June 30, 2026
	30-89 Days		90 Days or Greater		Total Past Due		Current		Loans Receivable
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	9,618	$	4,592	$	14,210	$	1,037,059	$	1,051,269
Owner-occupied CRE	2,726		—		2,726		1,224,948		1,227,674
Non-owner occupied CRE	562		2,312		2,874		2,506,409		2,509,283
Total commercial business	12,906		6,904		19,810		4,768,416		4,788,226
Residential real estate	—		1,158		1,158		347,680		348,838
Real estate construction and land development:
Residential	2,138		—		2,138		134,457		136,595
Commercial and multifamily	—		—		—		259,947		259,947
Total real estate construction and land development	2,138		—		2,138		394,404		396,542
Consumer	355		142		497		213,638		214,135
Total	$	15,399	$	8,204	$	23,603	$	5,724,138	$	5,747,741


	December 31, 2025
	30-89 Days		90 Days or Greater		Total Past Due		Current		Loans Receivable
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	7,115	$	1,973	$	9,088	$	808,912	$	818,000
Owner-occupied CRE	735		—		735		1,034,094		1,034,829
Non-owner occupied CRE	1,955		3,947		5,902		2,051,942		2,057,844
Total commercial business	9,805		5,920		15,725		3,894,948		3,910,673


	December 31, 2025
	30-89 Days		90 Days or Greater		Total Past Due		Current		Loans Receivable
	(Dollars in thousands)
Residential real estate	425		1,389		1,814		357,020		358,834
Real estate construction and land development:
Residential	—		6,714		6,714		88,636		95,350
Commercial and multifamily	—		5,695		5,695		242,280		247,975
Total real estate construction and land development	—		12,409		12,409		330,916		343,325
Consumer	505		345		850		169,584		170,434
Total	$	10,735	$	20,063	$	30,798	$	4,752,468	$	4,783,266

The following table present loans 90 days or more past due and still accruing interest:


	June 30, 2026		December 31, 2025
	(Dollars in thousands)






Real estate construction and land development:
Residential	—		194



Total	$	—	$	194

Schedule of Collateral Dependent Loans

The following tables present the type of collateral securing loans individually evaluated for credit losses and for which the repayment was expected to be provided substantially through the operation or sale of the collateral at the dates indicated, with balances representing the amortized cost of the loan classified by the primary collateral category of each loan if multiple collateral sources secure the loan:


	June 30, 2026
	CRE		Farmland		Residential Real Estate		Equipment		Total
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	—	$	537	$	—	$	1,852	$	2,389

Non-owner occupied CRE	2,312		—		—		—		2,312
Total commercial business	2,312		537		—		1,852		4,701
Residential real estate	—		—		1,338		—		1,338
Real estate construction and land development:
Residential	—		—		949		—		949
Commercial and multifamily	5,471		—		—		—		5,471
Total real estate construction and land development	5,471		—		949		—		6,420
Consumer	—		—		314		—		314
Total	$	7,783	$	537	$	2,601	$	1,852	$	12,773


	December 31, 2025
	CRE		Farmland		Residential Real Estate		Equipment		Total
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	—	$	482	$	—	$	61	$	543

Non-owner occupied CRE	3,947		—		—		—		3,947
Total commercial business	3,947		482		—		61		4,490
Residential real estate	—		—		1,196		—		1,196


	December 31, 2025
	CRE		Farmland		Residential Real Estate		Equipment		Total
	(Dollars in thousands)
Real estate construction and land development:
Residential	—		—		6,713		—		6,713
Commercial and multifamily	5,695		—		—		—		5,695
Total real estate construction and land development	5,695		—		6,713		—		12,408
Consumer	—		—		486		—		486
Total	$	9,642	$	482	$	8,395	$	61	$	18,580

Schedule of Loan Modifications

The following tables present the amortized cost of loans that were experiencing both financial difficulty and modified during the periods indicated:


	Three Months Ended June 30, 2026
	Term Extension		Total Modified Loans		% of Modified Loans to Loans Receivable
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	8,165	$	8,165	0.78	%
Owner-occupied CRE	870		870		0.07

Total commercial business	9,035		9,035		0.19

Real estate construction and land development:
Residential	949		949		0.69



Total	$	9,984	$	9,984	0.17	%


	Three Months Ended June 30, 2025
	Term Extension		Total Modified Loans		% of Modified Loans to Loans Receivable
	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	15,497	$	15,497	1.86	%
Owner-occupied CRE	1,754		1,754		0.17

Total commercial business	17,251		17,251		0.46

Real estate construction and land development:

Commercial and multifamily	5,968		5,968		1.68
Total real estate construction and land development	5,968		5,968		1.38

Total	$	23,219	$	23,219	0.49	%



	Six Months Ended June 30, 2026
	Term Extension		Total Modified Loans		% of Modified Loans to Loans Receivable

	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	11,812	$	11,812	1.12	%
Owner-occupied CRE	870		870		0.07

Total commercial business	12,682		12,682		0.26

Real estate construction and land development:
Residential	949		949		0.69
Commercial and multifamily	5,471		5,471		2.10
Total real estate construction and land development	6,420		6,420		1.62

Total	$	19,102	$	19,102	0.33	%



	Six Months Ended June 30, 2025
	Term Extension		Total Modified Loans		% of Modified Loans to Loans Receivable

	(Dollars in thousands)
Commercial business:
Commercial and industrial	$	17,637	$	17,637	2.12	%
Owner-occupied CRE	1,754		$	1,754	0.17	%
Non-owner occupied CRE	676		676		0.03
Total commercial business	20,067		20,067		0.53

Real estate construction and land development:

Commercial and multifamily	6,858		6,858		1.93
Total real estate construction and land development	6,858		6,858		1.58
Consumer	—		—		—
Total	$	26,925	$	26,925	0.56	%

The following tables present the financial effects of the loan modifications presented in the preceding tables during the periods indicated:

Three Months Ended
June 30, 2026

Weighted Average Years of Term Extensions

Commercial business:

Commercial and industrial

0.99

Owner-occupied CRE

0.88

Total commercial business

0.98

Real estate construction and land development:

Residential

1.67

Total

1.04

Three Months Ended
June 30, 2025

Weighted Average Years of Term Extensions

Commercial business:

Commercial and industrial

0.61

Owner-occupied CRE

1.41

Total commercial business

0.70

Real estate construction and land development:

Commercial and multifamily

0.50

Total

0.65

Six Months Ended
June 30, 2026

Weighted Average Years of Term Extensions

Commercial business:

Commercial and industrial

0.96

Owner-occupied CRE

0.88

Total commercial business

0.95

Real estate construction and land development:

Residential

1.67

Commercial and multifamily

1.17

Total real estate construction and land development

1.24

Total

1.05



	Six Months Ended June 30, 2025
		Weighted Average Years of Term Extensions
Commercial business:
Commercial and industrial		0.61
Owner-occupied CRE		1.41
Non-owner occupied CRE		0.42
Total commercial business		0.67

Real estate construction and land development:

Commercial and multifamily		0.64


Total		0.67