v3.26.1
Loans (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loan Portfolio Segments and Classes
The table below identifies the Company’s loan portfolio segments and classes.
Portfolio SegmentClass of Financing Receivable
CommercialOwner occupied real estate
Non-owner occupied real estate
Residential spec homes
Development & spec land
Commercial and industrial
Residential real estateResidential mortgage
Residential construction
ConsumerDirect installment
Indirect installment
Home equity
Schedule of Loans Outstanding By Portfolio Class
The following table presents outstanding loans held for investment by portfolio class, as of June 30, 2026 and December 31, 2025:
June 30,
2026		December 31,
2025
Commercial
Owner occupied real estate$739,571 $699,327 
Non–owner occupied real estate1,643,084 1,669,260 
Residential spec homes15,508 17,741 
Development & spec land47,009 35,535 
Commercial and industrial1,085,009 1,010,545 
Total commercial3,530,181 3,432,408 
Real estate
Residential mortgage727,335 741,477 
Residential construction28,372 30,950 
Total real estate755,707 772,427 
Consumer
Direct installment68,445 77,174 
Indirect installment14,312 19,672 
Home equity590,475 574,861 
Total consumer673,232 671,707 
Total loans4,959,120 4,876,542 
Allowance for credit losses(51,921)(51,299)
Net loans$4,907,199 $4,825,243 
Schedule of Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans at June 30, 2026:

June 30, 2026
Total Non-accrualLoans Past Due Over 90 Days Still AccruingNon-accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$5,774 $— $3,546 
Non–owner occupied real estate3,091 — 1,159 
Residential spec homes— — — 
Development & spec land— — 519 
Commercial and industrial8,978 368 7,253 
Total commercial17,843 368 12,477 
Real estate
Residential mortgage8,454 — 1,485 
Residential construction— — — 
Total real estate8,454 — 1,485 
Consumer
Direct installment104 363 — 
Indirect installment590 89 — 
Home equity5,310 1,812 520 
Total consumer6,004 2,264 520 
Total$32,301 $2,632 $14,482 
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loan at December 31, 2025:

December 31, 2025
Total Non-accrualLoans Past Due Over 90 Days Still AccruingNon-accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$5,396 $— $1,599 
Non–owner occupied real estate3,026 — 1,074 
Residential spec homes— — — 
Development & spec land496 — 496 
Commercial and industrial5,631 — 3,951 
Total commercial14,549 — 7,120 
Real estate
Residential mortgage10,087 90 929 
Residential construction— — — 
Total real estate10,087 90 929 
Consumer
Direct installment342 373 — 
Indirect installment1,058 170 — 
Home equity6,421 1,856 — 
Total consumer7,821 2,399 — 
Total$32,457 $2,489 $8,049 
Schedule of Payment Status by Class of Loan
The following table presents the payment status by class of loan at June 30, 2026:
June 30, 2026
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater
Past Due		Total Past
Due		Total
Loans
Commercial
Owner occupied real estate$733,306 $1,541 $2,179 $2,545 $6,265 $739,571 
Non–owner occupied real estate1,639,905 88 — 3,091 3,179 1,643,084 
Residential spec homes15,508 — — — — 15,508 
Development & spec land46,929 80 — — 80 47,009 
Commercial and industrial1,071,184 3,121 2,952 7,752 13,825 1,085,009 
Total commercial3,506,832 4,830 5,131 13,388 23,349 3,530,181 
Real estate
Residential mortgage717,135 — 6,275 3,925 10,200 727,335 
Residential construction28,372 — — — — 28,372 
Total real estate745,507 — 6,275 3,925 10,200 755,707 
Consumer
Direct installment66,894 813 306 432 1,551 68,445 
Indirect installment12,272 1,422 300 318 2,040 14,312 
Home equity578,100 5,139 2,679 4,557 12,375 590,475 
Total consumer657,266 7,374 3,285 5,307 15,966 673,232 
Total$4,909,605 $12,204 $14,691 $22,620 $49,515 $4,959,120 
The following table presents the payment status by class of loan at December 31, 2025:
December 31, 2025
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater
Past Due		Total Past
Due		Total
Loans
Commercial
Owner occupied real estate$694,040 $2,671 $384 $2,232 $5,287 $699,327 
Non–owner occupied real estate1,668,372 490 398 — 888 1,669,260 
Residential spec homes17,741 — — — — 17,741 
Development & spec land35,039 — 496 — 496 35,535 
Commercial and industrial1,002,074 4,606 1,310 2,555 8,471 1,010,545 
Total commercial3,417,266 7,767 2,588 4,787 15,142 3,432,408 
Real estate
Residential mortgage730,784 4 3,221 7,468 10,693 741,477 
Residential construction28,916 — 2,034 — 2,034 30,950 
Total real estate759,700 4 5,255 7,468 12,727 772,427 
Consumer
Direct installment73,671 2,638 343 522 3,503 77,174 
Indirect installment16,390 2,203 478 601 3,282 19,672 
Home equity560,895 5,991 2,321 5,654 13,966 574,861 
Total consumer650,956 10,832 3,142 6,777 20,751 671,707 
Total$4,827,922 $18,603 $10,985 $19,032 $48,620 $4,876,542 
Modified Loans
The following tables detail the amortized cost at June 30, 2026 of loans that were modified to borrowers experiencing financial difficulty during the three and six months ended June 30, 2026 and the amortized cost at June 30, 2025, of loans that were modified to borrowers experiencing financial difficulty during the three and six months periods ended June 30, 2025:
Three Months Ended June 30, 2026
Term ExtensionInterest Rate Reduction Other-Than-Insignificant Payment DelayTerm Extension and Interest Rate ReductionTotal % of Loans Held for Investment
Commercial
Owner occupied real estate$9 $— $— $— $9 — %
Non-owner occupied real estate— — — — — — %
Development spec & land— — — — — — %
Commercial and industrial486 — — — 486 0.01 %
Total $495 $— $— $— $495 0.01 %
Six Months Ended June 30, 2026
Term ExtensionInterest Rate ReductionOther-Than-Insignificant Payment DelayTerm Extension and Interest Rate ReductionTotal% of Loans Held for Investment
Commercial
Owner occupied real estate$9 $— $4,596 $— $4,605 0.09 %
Non-owner occupied real estate399 — — — 399 0.01 %
Development spec & land519 — — — 519 0.01 %
Commercial and industrial1,129 — — — 1,129 0.02 %
Total $2,056 $— $4,596 $— $6,652 0.13 %

Three Months Ended June 30, 2025
Term ExtensionInterest Rate ReductionOther-Than-Insignificant Payment DelayTerm Extension and Interest Rate ReductionTotal% of Loans Held for Investment
Commercial
Owner occupied real estate$500 $— $— $— $500 0.07 %
Non-owner occupied real estate— — — — — — %
Development spec & land— — — — — — %
Commercial and industrial877 — — 1,545 2,422 0.25 %
Total$1,377 $— $— $1,545 $2,922 0.06 %

Six Months Ended June 30, 2025
Term ExtensionInterest Rate ReductionOther-Than-Insignificant Payment DelayTerm Extension and Interest Rate ReductionTotal% of Loans Held for Investment
Commercial
Owner occupied real estate$500 $— $425 $— $925 0.13 %
Non-owner occupied real estate421 — — — 421 0.03 %
Development spec & land523 — — — 523 2.41 %
Commercial and industrial1,253 — 416 1,545 3,214 0.33 %
Total$2,697 $— $841 $1,545 $5,083 0.10 %
The following tables summarize the financial impacts of loan modifications and payment deferrals, as applicable, during the three and six months periods ended June 30, 2026 and 2025:
Three Months Ended June 30, 2026
Weighted Average Term Extension (In Months)Weighted average interest rate reduction (In Percentage Terms)Weighted Average Payment Delay (In Months)Term Extension (In Months) & Rate Reduction (In Percentage Terms)
Commercial
Owner occupied real estate12— %0— %
Non-owner occupied real estate0— %0— %
Development spec & land0— %0— %
Commercial and industrial14— %0— %

Six Months Ended June 30, 2026
Weighted Average Term Extension (In Months)Weighted average interest rate reduction (Int Percentage Terms)Weighted Average Payment Delay (In Months)Term Extension (In Months) & Rate Reduction (In Percentage Terms)
Commercial
Owner occupied real estate12— %20— %
Non-owner occupied real estate6— %0— %
Development spec & land6— %0— %
Commercial and industrial12— %0— %

Three Months Ended June 30, 2025
Weighted Average Term Extension (In Months)Weighted average interest rate reduction (In Percentage Terms)Weighted Average Payment Delay (In Months)Term Extension (In Months) & Rate Reduction (In Percentage Terms)
Commercial
Owner occupied real estate6— %0— %
Non-owner occupied real estate0— %0— %
Development spec & land0— %0— %
Commercial and industrial10— %0
Weighted average term extension of 36 months & weighted average interest rate reduction of 1.73%
Six Months Ended June 30, 2025
Weighted Average Term Extension (In Months)Weighted average interest rate reduction (Int Percentage Terms)Weighted Average Payment Delay (In Months)Term Extension (In Months) & Rate Reduction (In Percentage Terms)
Commercial
Owner occupied real estate6— %6— %
Non-owner occupied real estate14— %0— %
Development spec & land18— %0— %
Commercial and industrial10— %6
Weighted average term extension of 36 months & weighted average interest rate reduction of 1.73%
Modified Loans Past Due
The following table presents the amortized cost basis at June 30, 2026 of loans to borrowers experiencing financial difficulty that had been modified within the previous 12 months:

June 30, 2026
Current30-89 Days Past Due90 Days Past DueTotal
Commercial
Owner occupied real estate$3,256 $— $1,825 $5,081 
Non-owner occupied real estate399 — — 399 
Development spec & land519 — — 519 
Commercial and industrial2,908 — — 2,908 
Total$7,082 $— $1,825 $8,907 

The following table presents the amortized cost basis at June 30, 2025 of loans to borrowers experiencing financial difficulty that had been modified within the previous 12 months:
June 30, 2025
Current30-89 Days Past Due90 Days Past DueTotal
Commercial
Owner occupied real estate$5,302 $— $— $5,302 
Non-owner occupied real estate421 — — 421 
Development spec & land523 — — 523 
Commercial and industrial4,864 — — 4,864 
Total$11,110 $— $— $11,110 
Schedule of Allowance for Credit Loss Allocated for Collateral Dependent Loans
The tables below present the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses, at June 30, 2026 and December 31, 2025.
June 30, 2026
Real EstateAccounts
Receivable/
Equipment		OtherTotalACL
Allocation
Commercial
Owner occupied real estate$5,141 $633 $— $5,774 $139 
Non–owner occupied real estate2,423 490 178 3,091 12 
Development & spec land519 — — 519 — 
Commercial and industrial1,490 7,208 280 8,978 955 
Total commercial9,573 8,331 458 18,362 1,106 
Real estate
Residential mortgage1,485 — — 1,485 — 
Total real estate1,485 — — 1,485 — 
Consumer
Home equity925 — — 925 215 
Total consumer925 — — 925 215 
Total collateral dependent loans$11,983 $8,331 $458 $20,772 $1,321 
December 31, 2025
Real EstateAccounts
Receivable/
Equipment		OtherTotalACL
Allocation
Commercial
Owner occupied real estate$5,395 $— $— $5,395 $114 
Non–owner occupied real estate3,026 — — 3,026 20 
Development & spec land496 — — 496 — 
Commercial and industrial1,690 3,269 673 5,632 882 
Total commercial10,607 3,269 673 14,549 1,016 
Real estate
Residential mortgage929 — — 929 — 
Total real estate929 — — 929 — 
Consumer
Home equity923 — — 923 313 
Total consumer923 — — 923 313 
Total collateral dependent loans$12,459 $3,269 $673 $16,401 $1,329 
Schedule of Loans by Credit Grades
The following tables present loans by credit grades and origination year at June 30, 2026.
Term Loans by Origination Year
June 30, 202620262025202420232022PriorRevolving Term LoansRevolving
Loans		Total
Commercial
Owner occupied real estate
Pass$44,562 $110,682 $93,120 $80,182 $71,726 $211,998 $78,015 $17,284 $707,569 
Special Mention— — 523 — — 9,063 2,314 — 11,900 
Substandard573 — 6,233 9,170 1,649 2,028 399 50 20,102 
Doubtful— — — — — — — — — 
Total owner occupied real estate$45,135 $110,682 $99,876 $89,352 $73,375 $223,089 $80,728 $17,334 $739,571 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Non–owner occupied real estate
Pass$64,149 $207,593 $193,774 $171,619 $224,775 $490,454 $233,650 $16,166 $1,602,180 
Special Mention— — — 826 28,048 4,659 — — 33,533 
Substandard— 490 2,067 3,667 585 495 67 — 7,371 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$64,149 $208,083 $195,841 $176,112 $253,408 $495,608 $233,717 $16,166 $1,643,084 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Residential spec homes
Pass$— $2,708 $236 $— $— $— $7,139 $5,425 $15,508 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$— $2,708 $236 $— $— $— $7,139 $5,425 $15,508 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Development & spec land
Pass$9,888 $3,814 $766 $649 $1,056 $2,480 $26,485 $1,352 $46,490 
Special Mention— — — — — — — — — 
Substandard— — — — — — 519 — 519 
Doubtful— — — — — — — — — 
Total development & spec land$9,888 $3,814 $766 $649 $1,056 $2,480 $27,004 $1,352 $47,009 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Commercial and industrial
Pass$135,093 $238,098 $161,443 $61,723 $94,663 $93,653 $48,549 $213,513 $1,046,735 
Special Mention— 854 1,227 533 34 — 9,890 7,675 20,213 
Substandard— 5,701 2,703 5,187 171 1,967 1,195 1,137 18,061 
Doubtful— — — — — — — — — 
Total commercial and industrial$135,093 $244,653 $165,373 $67,443 $94,868 $95,620 $59,634 $222,325 $1,085,009 
Gross charge-offs during period$4 $110 $963 $262 $— $11 $9 $— $1,359 
Total commercial$254,265 $569,940 $462,092 $333,556 $422,707 $816,797 $408,222 $262,602 $3,530,181 
Term Loans by Origination Year
June 30, 202620262025202420232022PriorRevolving Term LoansRevolving
Loans		Total
Real estate
Residential mortgage
Performing$45,194 $61,923 $64,158 $83,239 $134,449 $329,918 $— $— $718,881 
Non–performing— — 682 1,744 2,520 3,508 — — 8,454 
Total residential mortgage$45,194 $61,923 $64,840 $84,983 $136,969 $333,426 $— $— $727,335 
Gross charge-offs during period$— $— $119 $543 $137 $321 $— $— $1,121 
Residential construction
Performing$— $— $— $— $— $— $28,372 $— $28,372 
Non–performing— — — — — — — — — 
Total residential construction$— $— $— $— $— $— $28,372 $— $28,372 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Total real estate$45,194 $61,923 $64,840 $84,983 $136,969 $333,426 $28,372 $— $755,707 
Term Loans by Origination Year
June 30, 202620262025202420232022PriorRevolving Term LoansRevolving
Loans		Total
Consumer
Direct installment
Performing$3,082 $6,304 $4,824 $41,583 $4,255 $6,574 $7 $1,349 $67,978 
Non–performing— 1 14 409 12 31 — — 467 
Total direct installment$3,082 $6,305 $4,838 $41,992 $4,267 $6,605 $7 $1,349 $68,445 
Gross charge-offs during period$2 $45 $51 $56 $8 $32 $11 $6 $211 
Indirect installment
Performing$— $— $193 $2,813 $7,258 $3,369 $— $— $13,633 
Non–performing— — 2 126 353 198 — — 679 
Total indirect installment$— $— $195 $2,939 $7,611 $3,567 $— $— $14,312 
Gross charge-offs during period$— $— $24 $264 $411 $252 $— $— $951 
Home equity
Performing$16,394 $11,406 $8,863 $14,046 $10,507 $8,633 $35,917 $477,587 $583,353 
Non–performing— 253 288 705 526 141 5,209 — 7,122 
Total home equity$16,394 $11,659 $9,151 $14,751 $11,033 $8,774 $41,126 $477,587 $590,475 
Gross charge-offs during period$— $— $— $4 $33 $17 $332 $60 $446 
Total consumer$19,476 $17,964 $14,184 $59,682 $22,911 $18,946 $41,133 $478,936 $673,232 
The following tables present loans by credit grades and origination year at December 31, 2025.
Term Loans by Origination Year
December 31, 202520252024202320222021PriorRevolving Term LoansRevolving
Loans		Total
Commercial
Owner occupied real estate
Pass$103,721 $90,288 $83,508 $75,503 $61,816 $167,595 $69,454 $14,592 $666,477 
Special Mention900 5,013 — — 1,375 6,258 2,343 — 15,889 
Substandard— 3,706 9,421 1,674 — 2,110 — 50 16,961 
Doubtful— — — — — — — — — 
Total owner occupied real estate$104,621 $99,007 $92,929 $77,177 $63,191 $175,963 $71,797 $14,642 $699,327 
Gross charge-offs during period$316 $502 $— $50 $— $49 $36 $— $953 
Non–owner occupied real estate
Pass$195,568 $192,570 $152,602 $230,638 $133,516 $400,187 $306,632 $14,609 $1,626,322 
Special Mention490 — 1,304 28,267 — 5,771 — — 35,832 
Substandard— 2,163 3,686 609 — 580 68 — 7,106 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$196,058 $194,733 $157,592 $259,514 $133,516 $406,538 $306,700 $14,609 $1,669,260 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Residential spec homes
Pass$4,896 $294 $— $— $— $— $5,329 $7,222 $17,741 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$4,896 $294 $— $— $— $— $5,329 $7,222 $17,741 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Development & spec land
Pass$3,892 $816 $3,096 $746 $1,021 $1,813 $22,669 $986 $35,039 
Special Mention— — — — — — — — — 
Substandard— — — — — — 496 — 496 
Doubtful— — — — — — — — — 
Total development & spec land$3,892 $816 $3,096 $746 $1,021 $1,813 $23,165 $986 $35,535 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Commercial and industrial
Pass$273,848 $193,508 $74,420 $102,213 $53,264 $52,660 $48,648 $172,692 $971,253 
Special Mention1,229 690 781 547 33 300 10,386 10,921 24,887 
Substandard2,027 2,073 6,490 82 32 1,578 1,001 1,122 14,405 
Doubtful— — — — — — — — — 
Total commercial and industrial$277,104 $196,271 $81,691 $102,842 $53,329 $54,538 $60,035 $184,735 $1,010,545 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Total commercial$586,571 $491,121 $335,308 $440,279 $251,057 $638,852 $467,026 $222,194 $3,432,408 
Term Loans by Origination Year
December 31, 202520252024202320222021PriorRevolving Term LoansRevolving
Loans		Total
Real estate
Residential mortgage
Performing$58,110 $76,445 $104,783 $143,616 $126,636 $221,710 $— $— $731,300 
Non–performing— 505 2,428 2,236 453 4,555 — — 10,177 
Total residential mortgage$58,110 $76,950 $107,211 $145,852 $127,089 $226,265 $— $— $741,477 
Gross charge-offs during period$— $135 $223 $188 $355 $161 $— $— $1,062 
Residential construction
Performing$— $2,034 $— $— $— $— $28,916 $— $30,950 
Non–performing— — — — — — — — — 
Total residential construction$— $2,034 $— $— $— $— $28,916 $— $30,950 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Total real estate$58,110 $78,984 $107,211 $145,852 $127,089 $226,265 $28,916 $— $772,427 
Term Loans by Origination Year
December 31, 202520252024202320222021PriorRevolving Term LoansRevolving
Loans		Total
Consumer
Direct installment
Performing$8,330 $6,354 $47,094 $5,160 $3,160 $4,942 $84 $1,335 $76,459 
Non–performing— — 578 69 40 28 — — 715 
Total direct installment$8,330 $6,354 $47,672 $5,229 $3,200 $4,970 $84 $1,335 $77,174 
Gross charge-offs during period$11 $141 $85 $73 $84 $5 $8 $— $407 
Indirect installment
Performing$— $220 $3,584 $9,469 $3,269 $1,902 $— $— $18,444 
Non–performing— 29 275 570 232 122 — — 1,228 
Total indirect installment$— $249 $3,859 $10,039 $3,501 $2,024 $— $— $19,672 
Gross charge-offs during period$— $245 $885 $1,414 $477 $237 $— $— $3,258 
Home equity
Performing$12,301 $10,393 $16,623 $12,032 $4,444 $7,546 $32,721 $470,524 $566,584 
Non–performing— 236 614 653 53 173 6,548 — 8,277 
Total home equity$12,301 $10,629 $17,237 $12,685 $4,497 $7,719 $39,269 $470,524 $574,861 
Gross charge-offs during period$— $— $20 $7 $— $57 $843 $— $927 
Total consumer$20,631 $17,232 $68,768 $27,953 $11,198 $14,713 $39,353 $471,859 $671,707