Loans Receivable and Allowance for Credit Losses (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Receivables [Abstract] |
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| Schedule of Loans Receivable |
The table below presents the major types of loans recorded on the consolidated statements of financial condition as of the dates indicated: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (Dollars in thousands) | | | | | Construction, land & land development | $ | 325,384 | | | $ | 255,740 | | | Other commercial real estate | 1,475,934 | | | 1,449,044 | | | Owner-occupied commercial real estate | 270,838 | | | 295,346 | | | Commercial industrial & agricultural | 313,056 | | | 299,853 | | | Residential real estate | 355,291 | | | 346,601 | | | Consumer | 2,046 | | | 1,590 | | | Loans receivable | 2,742,549 | | | 2,648,174 | | | Allowance for credit losses | (22,064) | | | (20,893) | | Total loans receivable, net of allowance for credit losses on loans and leases (1) | $ | 2,720,485 | | | $ | 2,627,281 | |
(1)Includes deferred (fees) costs and unamortized (discounts) premiums, net of $(7.4) and $(6.9) million at June 30, 2026 and December 31, 2025, respectively. The following is an analysis of the loans to officers and directors for the six months ended June 30, 2026 and year ended December 31, 2025: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | (Dollars in thousands) | | | | | Balance, beginning of year | $ | 34,210 | | | $ | 53,091 | | | Originations | 30 | | | 1,925 | | | Payments received | (3,025) | | | (20,806) | | | Balance, end of year | $ | 31,215 | | | $ | 34,210 | |
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| Schedule of Allowance for Credit Losses and Amortized Cost of Loans |
The following table presents, by loan class, the activity related to the allowance for credit losses for the three months ended June 30, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction, land, & land development | | Other commercial real estate | | Owner- occupied commercial real estate | | Commercial industrial & agricultural | | Residential real estate | | Consumer | | Total | | (Dollars in thousands) | | | | | | | | | | | | | | | Beginning balance | $ | 4,795 | | | $ | 9,160 | | | $ | 1,454 | | | $ | 3,175 | | | $ | 2,521 | | | $ | 16 | | | $ | 21,121 | | Provision (recovery) for credit losses | 726 | | | 290 | | | (73) | | | 12 | | | (12) | | | — | | | 943 | | | Charge-offs | — | | | — | | | — | | | — | | | — | | | (2) | | | (2) | | | Recoveries | 1 | | | — | | | — | | | — | | | — | | | 1 | | | 2 | | | Net recoveries (charge-offs) | 1 | | | — | | | — | | | — | | | — | | | (1) | | | — | | | Ending balance | $ | 5,522 | | | $ | 9,450 | | | $ | 1,381 | | | $ | 3,187 | | | $ | 2,509 | | | $ | 15 | | | $ | 22,064 | |
The following table presents, by loan class, the activity related to the allowance for credit losses for the three months ended June 30, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction, land, & land development | | Other commercial real estate | | Owner- occupied commercial real estate | | Commercial industrial & agricultural | | Residential real estate | | Consumer | | Total | | (Dollars in thousands) | | | | | | | | | | | | | | | Beginning balance | $ | 5,559 | | | $ | 10,294 | | | $ | 1,329 | | | $ | 2,729 | | | $ | 1,774 | | | $ | 8 | | | $ | 21,693 | | Provision (recovery) for credit losses | 203 | | | (698) | | | 57 | | | 209 | | | 295 | | | 1 | | | 67 | | | Charge-offs | — | | | — | | | — | | | — | | | — | | | (3) | | | (3) | | | Recoveries | 1 | | | — | | | — | | | — | | | — | | | 2 | | | 3 | | | Net recoveries (charge-offs) | 1 | | | — | | | — | | | — | | | — | | | (1) | | | — | | | Ending balance | $ | 5,763 | | | $ | 9,596 | | | $ | 1,386 | | | $ | 2,938 | | | $ | 2,069 | | | $ | 8 | | | $ | 21,760 | |
The following table presents, by loan class, the activity related to the allowance for credit losses for the six months ended June 30, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction, land, & land development | | Other commercial real estate | | Owner- occupied commercial real estate | | Commercial industrial & agricultural | | Residential real estate | | Consumer | | Total | | (Dollars in thousands) | | | | | | | | | | | | | | | Beginning balance | $ | 4,182 | | | $ | 9,385 | | | $ | 1,456 | | | $ | 3,349 | | | $ | 2,513 | | | $ | 8 | | | $ | 20,893 | | Provision (recovery) for credit losses | 1,339 | | | 65 | | | (75) | | | (162) | | | (4) | | | 12 | | | 1,175 | | | Charge-offs | — | | | — | | | — | | | — | | | — | | | (8) | | | (8) | | | Recoveries | 1 | | | — | | | — | | | — | | | — | | | 3 | | | 4 | | | Net recoveries (charge-offs) | 1 | | | — | | | — | | | — | | | — | | | (5) | | | (4) | | | Ending balance | $ | 5,522 | | | $ | 9,450 | | | $ | 1,381 | | | $ | 3,187 | | | $ | 2,509 | | | $ | 15 | | | $ | 22,064 | |
The following table presents, by loan class, the activity related to the allowance for credit losses for the six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction, land, & land development | | Other commercial real estate | | Owner- occupied commercial real estate | | Commercial industrial & agricultural | | Residential real estate | | Consumer | | Total | | (Dollars in thousands) | | | | | | | | | | | | | | | Beginning balance | $ | 5,525 | | | $ | 9,208 | | | $ | 1,359 | | | $ | 2,514 | | | $ | 1,788 | | | $ | 7 | | | $ | 20,401 | | Provision (recovery) for credit losses | 237 | | | 388 | | | 27 | | | 424 | | | 281 | | | 24 | | | 1,381 | | | Charge-offs | — | | | — | | | — | | | — | | | — | | | (26) | | | (26) | | | Recoveries | 1 | | | — | | | — | | | — | | | — | | | 3 | | | 4 | | | Net recoveries (charge-offs) | 1 | | | — | | | — | | | — | | | — | | | (23) | | | (22) | | | Ending balance | $ | 5,763 | | | $ | 9,596 | | | $ | 1,386 | | | $ | 2,938 | | | $ | 2,069 | | | $ | 8 | | | $ | 21,760 | |
The following table presents an analysis of collateral-dependent loans of the Company as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Residential properties | | Business assets | | Land | | Commercial property | | Other | | Total | | (Dollars in thousands) | | | | | | | | | | | | | | Construction, land & land development | | $ | — | | | $ | — | | | $ | 618 | | | $ | — | | | $ | — | | | $ | 618 | | | Other commercial real estate | | — | | | — | | | — | | | 4,029 | | | — | | | 4,029 | | | Owner-occupied commercial real estate | | — | | | — | | | — | | | 28,924 | | | — | | | 28,924 | | | Commercial, industrial & agricultural | | — | | | — | | | — | | | — | | | — | | | — | | | Residential real estate | | 64 | | | — | | | — | | | — | | | — | | | 64 | | | Consumer | | — | | | — | | | — | | | — | | | — | | | — | | | Total loans | | $ | 64 | | | $ | — | | | $ | 618 | | | $ | 32,953 | | | $ | — | | | $ | 33,635 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Residential properties | | Business assets | | Land | | Commercial property | | Other | | Total | | (Dollars in thousands) | | | | | | | | | | | | | | Construction, land & land development | | $ | — | | | $ | — | | | $ | 633 | | | $ | — | | | $ | — | | | $ | 633 | | | Other commercial real estate | | — | | | — | | | — | | | 4,942 | | | — | | | 4,942 | | | Owner-occupied commercial real estate | | — | | | — | | | — | | | 28,137 | | | — | | | 28,137 | | | Commercial, industrial & agricultural | | — | | | — | | | — | | | — | | | — | | | — | | | Residential real estate | | — | | | — | | | — | | | — | | | — | | | — | | | Consumer | | — | | | — | | | — | | | — | | | — | | | — | | | Total loans | | $ | — | | | $ | — | | | $ | 633 | | | $ | 33,079 | | | $ | — | | | $ | 33,712 | |
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| Schedule of Loans on Nonaccrual Status |
The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of June 30, 2026 and June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Nonaccrual with no allowance for credit loss | | Nonaccrual with an allowance for credit loss | | Loans past due over 89 days still accruing | | (Dollars in thousands) | | | | | | | | Construction, land & land development | | $ | — | | | $ | — | | | $ | — | | | Other commercial real estate | | 4,029 | | | — | | | — | | | Owner-occupied commercial real estate | | — | | | 18,178 | | | — | | | Commercial industrial & agricultural | | — | | | — | | | — | | | Residential real estate | | 64 | | | — | | | — | | | Consumer | | — | | | — | | | — | | | Total loans | | $ | 4,093 | | | $ | 18,178 | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Nonaccrual with no allowance for credit loss | | Nonaccrual with an allowance for credit loss | | Loans past due over 89 days still accruing | | (Dollars in thousands) | | | | | | | | Construction, land & land development | | $ | — | | | $ | — | | | $ | — | | | Other commercial real estate | | 6,827 | | | — | | | — | | | Owner-occupied commercial real estate | | 17,418 | | | — | | | — | | | Commercial industrial & agricultural | | — | | | — | | | — | | | Residential real estate | | — | | | — | | | — | | | Consumer | | — | | | — | | | — | | | Total loans | | $ | 24,245 | | | $ | — | | | $ | — | |
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| Schedule of Loan Origination and Risk Rating |
The following table summarizes the total amortized costs of commercial loans disaggregated by year of origination, the current period gross write offs, and risk rating as of June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loan risk classification by loan type Term loans by origination year | | | | | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 & prior | | Revolving loans | | Total | | (Dollars in thousands) | | Construction, land & land development | | | | | | | | | | | | | | | | | Pass | $ | 30,131 | | | $ | 89,892 | | | $ | 68,746 | | | $ | 93,528 | | | $ | 41,891 | | | $ | 1,196 | | | $ | — | | | $ | 325,384 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total construction, land & land development | 30,131 | | | 89,892 | | | 68,746 | | | 93,528 | | | 41,891 | | | 1,196 | | | — | | | 325,384 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Other commercial real estate | | | | | | | | | | | | | | | | | Pass | 218,354 | | | 129,004 | | | 62,601 | | | 193,778 | | | 591,203 | | | 276,964 | | | — | | | 1,471,904 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | 4,030 | | | — | | | 4,030 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total other commercial real estate | 218,354 | | | 129,004 | | | 62,601 | | | 193,778 | | | 591,203 | | | 280,994 | | | — | | | 1,475,934 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Owner-occupied commercial real estate | | | | | | | | | | | | | | | | | Pass | 9,850 | | | 52,456 | | | 6,798 | | | 43,756 | | | 64,402 | | | 71,970 | | | 3,001 | | | 252,233 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | 18,178 | | | 427 | | | — | | | — | | | 18,605 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total owner-occupied real estate | 9,850 | | | 52,456 | | | 6,798 | | | 61,934 | | | 64,829 | | | 71,970 | | | 3,001 | | | 270,838 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Commercial, industrial & agricultural | | | | | | | | | | | | | | | | | Pass | 14,513 | | | 43,211 | | | 18,233 | | | 19,759 | | | 26,584 | | | 31,025 | | | 159,731 | | | 313,056 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial, industrial, & agriculture | 14,513 | | | 43,211 | | | 18,233 | | | 19,759 | | | 26,584 | | | 31,025 | | | 159,731 | | | 313,056 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total commercial loans | $ | 272,848 | | | $ | 314,563 | | | $ | 156,378 | | | $ | 368,999 | | | $ | 724,507 | | | $ | 385,185 | | | $ | 162,732 | | | $ | 2,385,212 | |
The following table summarizes the total amortized costs of commercial loans disaggregated by year of origination, the current period gross write offs, and risk rating as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loan risk classification by loan type Term loans by origination year | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 & prior | | Revolving loans | | Total | | (Dollars in thousands) | | Construction, land & land development | | | | | | | | | | | | | | | | | Pass | $ | 24,843 | | | $ | 79,194 | | | $ | 100,344 | | | $ | 50,096 | | | $ | 369 | | | $ | 894 | | | $ | — | | | $ | 255,740 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total construction, land & land development | 24,843 | | | 79,194 | | | 100,344 | | | 50,096 | | | 369 | | | 894 | | | — | | | 255,740 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Other commercial real estate | | | | | | | | | | | | | | | | | Pass | 125,045 | | | 57,381 | | | 273,505 | | | 635,498 | | | 222,616 | | | 119,090 | | | — | | | 1,433,135 | | | Special mention | — | | | — | | | — | | | — | | | 11,025 | | | — | | | — | | | 11,025 | | | Substandard | — | | | — | | | 675 | | | — | | | 4,209 | | | — | | | — | | | 4,884 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total other commercial real estate | 125,045 | | | 57,381 | | | 274,180 | | | 635,498 | | | 237,850 | | | 119,090 | | | — | | | 1,449,044 | | | Current period gross write offs | — | | | — | | | — | | | 2,754 | | | — | | | — | | | — | | | 2,754 | | | Owner-occupied commercial real estate | | | | | | | | | | | | | | | | | Pass | 52,664 | | | 10,215 | | | 65,691 | | | 66,005 | | | 31,146 | | | 48,910 | | | 3,347 | | | 277,978 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | 17,368 | | | — | | | — | | | — | | | — | | | 17,368 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total owner-occupied real estate | 52,664 | | | 10,215 | | | 83,059 | | | 66,005 | | | 31,146 | | | 48,910 | | | 3,347 | | | 295,346 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Commercial, industrial & agricultural | | | | | | | | | | | | | | | | | Pass | 58,013 | | | 20,041 | | | 24,225 | | | 38,819 | | | 32,975 | | | 789 | | | 124,991 | | | 299,853 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial, industrial, & agriculture | 58,013 | | | 20,041 | | | 24,225 | | | 38,819 | | | 32,975 | | | 789 | | | 124,991 | | | 299,853 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total commercial loans | $ | 260,565 | | | $ | 166,831 | | | $ | 481,808 | | | $ | 790,418 | | | $ | 302,340 | | | $ | 169,683 | | | $ | 128,338 | | | $ | 2,299,983 | |
The following table summarizes the total amortized cost of residential real estate and consumer loans disaggregated by year of origination, the current period gross write offs, and risk rating as of June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loan risk classification by loan type Term loans by origination year | | | | | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 & prior | | Revolving loans | | Total | | (Dollars in thousands) | | | Residential real estate | | | | | | | | | | | | | | | | | Pass | $ | 24,821 | | | $ | 79,437 | | | $ | 79,840 | | | $ | 55,825 | | | $ | 43,904 | | | $ | 47,753 | | | $ | 23,261 | | | $ | 354,841 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | 386 | | | 64 | | | 450 | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total residential real estate | 24,821 | | | 79,437 | | | 79,840 | | | 55,825 | | | 43,904 | | | 48,139 | | | 23,325 | | | 355,291 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Consumer | | | | | | | | | | | | | | | | | Pass | 1,173 | | | 313 | | | 318 | | | 41 | | | — | | | 70 | | | 131 | | | 2,046 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total consumer | 1,173 | | | 313 | | | 318 | | | 41 | | | — | | | 70 | | | 131 | | | 2,046 | | | Current period gross write offs | 8 | | | — | | | — | | | — | | | — | | | — | | | — | | | 8 | | Total consumer and residential real estate loans | 25,994 | | | 79,750 | | | 80,158 | | | 55,866 | | | 43,904 | | | 48,209 | | | 23,456 | | | 357,337 | | | Total loans | $ | 298,842 | | | $ | 394,313 | | | $ | 236,536 | | | $ | 424,865 | | | $ | 768,411 | | | $ | 433,394 | | | $ | 186,188 | | | $ | 2,742,549 | |
The following table summarizes the total amortized cost of residential real estate and consumer loans disaggregated by year of origination, the current period gross write offs and risk rating as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loan risk classification by loan type Term loans by origination year | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 & prior | | Revolving loans | | Total | | (Dollars in thousands) | | | Residential real estate | | | | | | | | | | | | | | | | | Pass | $ | 80,249 | | | $ | 77,707 | | | $ | 72,015 | | | $ | 45,527 | | | $ | 28,279 | | | $ | 24,923 | | | $ | 17,901 | | | $ | 346,601 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total residential real estate | 80,249 | | | 77,707 | | | 72,015 | | | 45,527 | | | 28,279 | | | 24,923 | | | 17,901 | | | 346,601 | | | Current period gross write offs | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Consumer | | | | | | | | | | | | | | | | | Pass | 841 | | | 388 | | | 138 | | | — | | | — | | | 78 | | | 145 | | | 1,590 | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Total consumer | 841 | | | 388 | | | 138 | | | — | | | — | | | 78 | | | 145 | | | 1,590 | | | Current period gross write offs | 47 | | | — | | | — | | | — | | | — | | | — | | | — | | | 47 | | Total consumer and residential real estate loans | 81,090 | | | 78,095 | | | 72,153 | | | 45,527 | | | 28,279 | | | 25,001 | | | 18,046 | | | 348,191 | | | Total loans | $ | 341,655 | | | $ | 244,926 | | | $ | 553,961 | | | $ | 835,945 | | | $ | 330,619 | | | $ | 194,684 | | | $ | 146,384 | | | $ | 2,648,174 | |
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| Schedule of Aging Analysis of Loan Portfolio |
The following table presents an aging analysis of the loan portfolio, by loan class, at June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (Dollars in thousands) | Construction, land, & land development | | Other commercial real estate | | Owner- occupied commercial real estate | | Commercial industrial & agricultural | | Residential real estate | | Consumer | | Total | | Current | $ | 325,384 | | | $ | 1,471,904 | | | $ | 252,660 | | | $ | 313,056 | | | $ | 355,227 | | | $ | 2,046 | | | $ | 2,720,277 | | | 30-59 days past due | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 60-89 days past due | — | | | — | | | — | | | — | | | — | | | — | | | — | | 90 days or more past due and still accruing | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Nonaccrual loans | — | | | 4,030 | | | 18,178 | | | — | | | 64 | | | — | | | 22,272 | | | Total | $ | 325,384 | | | $ | 1,475,934 | | | $ | 270,838 | | | $ | 313,056 | | | $ | 355,291 | | | $ | 2,046 | | | $ | 2,742,549 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (Dollars in thousands) | Construction, land, & land development | | Other commercial real estate | | Owner- occupied commercial real estate | | Commercial industrial & agricultural | | Residential real estate | | Consumer | | Total | | Current | $ | 255,740 | | | $ | 1,444,835 | | | $ | 277,978 | | | $ | 299,853 | | | $ | 346,601 | | | $ | 1,590 | | | $ | 2,626,597 | | | 30-59 days past due | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 60-89 days past due | — | | | — | | | — | | | — | | | — | | | — | | | — | | 90 days or more past due and still accruing | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Nonaccrual loans | — | | | 4,209 | | | 17,368 | | | — | | | — | | | — | | | 21,577 | | | Total | $ | 255,740 | | | $ | 1,449,044 | | | $ | 295,346 | | | $ | 299,853 | | | $ | 346,601 | | | $ | 1,590 | | | $ | 2,648,174 | |
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| Schedule of Loans Experiencing Financial Difficulty and Modified |
The following tables present the amortized cost of loans as of June 30, 2026 and June 30, 2025 that were both experiencing financial difficulty and modified during the periods noted by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below: During the Three Month Period ending June 30, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay | | Term extension | | Interest rate reduction | | Total | | Total class of financing receivable | | June 30, 2026 | | | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied commercial real estate | | $ | — | | | $ | 28,924 | | | $ | — | | | $ | — | | | $ | 28,924 | | | 10.7 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | $ | 28,924 | | | $ | — | | | $ | — | | | $ | 28,924 | | | 1.1 | % |
During the Three Month Period ending June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay | | Term extension | | Interest rate reduction | | Total | | Total class of financing receivable | | June 30, 2025 | | | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied commercial real estate | | $ | — | | | $ | — | | | $ | — | | | $ | 10,801 | | | $ | 10,801 | | | 3.8 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | $ | — | | | $ | — | | | $ | 10,801 | | | $ | 10,801 | | | 0.4 | % |
During the Six Month Period ending June 30, 2026:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay | | Term extension | | Interest rate reduction | | Total | | Total class of financing receivable | | June 30, 2026 | | | | | | (Dollars in thousands) | | | | | | Construction, land & land development | | $ | — | | | $ | — | | | $ | 618 | | | $ | — | | | $ | 618 | | | 0.2 | % | | Other commercial real estate | | — | | | — | | | — | | | 4,029 | | | 4,029 | | | 0.3 | % | | Owner-occupied commercial real estate | | — | | | 28,924 | | | — | | | — | | | 28,924 | | | 10.7 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | $ | 28,924 | | | $ | 618 | | | $ | 4,029 | | | $ | 33,571 | | | 1.2 | % |
During the Six Month Period ending June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay | | Term extension | | Interest rate reduction | | Total | | Total class of financing receivable | | June 30, 2025 | | | | | | (Dollars in thousands) | | | | | | Construction, land & land development | | $ | — | | | $ | — | | | $ | 4,855 | | | $ | — | | | $ | 4,855 | | | 1.5 | % | | Other commercial real estate | | — | | | — | | | — | | | 5,206 | | | 5,206 | | | 0.3 | % | | Owner-occupied commercial real estate | | — | | | — | | | — | | | 10,801 | | | 10,801 | | | 3.8 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | $ | — | | | $ | 4,855 | | | $ | 16,007 | | | $ | 20,862 | | | 0.8 | % |
The following table describes the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay (months) | | Weighted average term extension (months) | | Weighted average interest rate reduction | | June 30, 2026 | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | Owner-occupied real estate | | $ | — | | | 12 | | — | | | — | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | 12 | | — | | | — | % |
The following table describes the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay (months) | | Weighted average term extension (months) | | Weighted average interest rate reduction | | June 30, 2025 | | | | (Dollars in thousands) | | | | | | | | | | | | | Other commercial real estate | | $ | — | | | — | | | — | | | (1.0) | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | — | | | — | | | (1.0) | % |
The following table describes the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay (months) | | Weighted average term extension (months) | | Weighted average interest rate reduction | | June 30, 2026 | | | | (Dollars in thousands) | | | | Construction, land & land development | | $ | — | | | — | | | 9 | | — | % | | Other commercial real estate | | — | | | — | | | — | | | 0.3 | % | | Owner-occupied real estate | | — | | | 12 | | — | | | — | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | 12 | | 9 | | 0.3 | % |
The following table describes the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay (months) | | Weighted average term extension (months) | | Weighted average interest rate reduction | | June 30, 2025 | | | | (Dollars in thousands) | | | | Construction, land & land development | | $ | — | | | — | | | 16 | | — | % | | | | | | | | | | | Owner-occupied real estate | | — | | | 15 | | — | | | (1.0) | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | 15 | | 16 | | (1.0) | % |
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| Schedule of Modified Past Due Loans |
The following table presents the performance of such loans that have been modified in the last 12 months: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payment Performance: | | Current | | 30 - 59 days past due | | 60 - 89 days past due | | Greater than 89 days past due | | Total past due | | June 30, 2026 | | | | | | (Dollars in thousands) | | | | Construction, land & land development | | $ | 618 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Other commercial real estate | | 4,029 | | | — | | | — | | | — | | | — | | | Owner-occupied real estate | | 28,924 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | 33,571 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payment Performance: | | Current | | 30 - 59 days past due | | 60 - 89 days past due | | Greater than 89 days past due | | Total past due | | June 30, 2025 | | | | | | (Dollars in thousands) | | | | Construction, land & land development | | $ | 647 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Other commercial real estate | | 5,206 | | | — | | | — | | | — | | | — | | | Owner-occupied real estate | | 28,220 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | 34,073 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
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| Schedule of Modified and Subsequently Defaulted Loans |
The following table presents the amortized cost basis of loans that had a payment default during the twelve months ended June 30, 2026 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. A default on a modified loan is defined as being past due 90 days or being out of compliance with the modification agreement.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Modification type: | | Principal forgiveness | | Payment delay (months) | | Weighted average term extension (months) | | Weighted average interest rate reduction | | June 30, 2026 | | | | (Dollars in thousands) | | | | | | | | | | | | | Other commercial real estate | | $ | — | | | $ | — | | | $ | — | | | $ | 4,029 | | | Owner-occupied real estate | | — | | | 18,178 | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | — | | | $ | 18,178 | | | $ | — | | | $ | 4,029 | |
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| Schedule of Fair Value of Assets Measured on a Nonrecurring Basis |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (Dollars in thousands) | | Total | | Level 1 | | Level 2 | | Level 3 | | Collateral dependent loans, net | | $ | 33,635 | | | $ | — | | | $ | — | | | $ | 33,635 | | | Total assets at fair value on a nonrecurring basis | | $ | 33,635 | | | $ | — | | | $ | — | | | $ | 33,635 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | (Dollars in thousands) | | Total | | Level 1 | | Level 2 | | Level 3 | | Collateral dependent loans, net | | $ | 40,900 | | | $ | — | | | $ | — | | | $ | 40,900 | | | Total assets at fair value on a nonrecurring basis | | $ | 40,900 | | | $ | — | | | $ | — | | | $ | 40,900 | |
The following table summarizes the Company’s financial instruments that were measured at fair value on a nonrecurring basis at June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (Dollars in thousands) | Total | | Level 1 | | Level 2 | | Level 3 | | Collateral - Dependent loans, net | $ | 33,635 | | | $ | — | | | $ | — | | | $ | 33,635 | | | Total Assets at Fair Value on a nonrecurring basis | $ | 33,635 | | | $ | — | | | $ | — | | | $ | 33,635 | |
| | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | December 31, 2025 | | Collateral - Dependent loans, net | $ | 33,712 | | | $ | — | | | $ | — | | | $ | 33,712 | | | Total Assets at Fair Value on a nonrecurring basis | $ | 33,712 | | | $ | — | | | $ | — | | | $ | 33,712 | |
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| Schedule of Valuation Techniques of Assets Measured on a Nonrecurring Basis |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Fair value | | Valuation
technique | | Unobservable
input | | Range | | Collateral dependent loans, net | | $ | 33,635 | | | Third party appraisal or
broker's price opinion | | Management discount
for costs to sell | | 10% |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Fair value | | Valuation
technique | | Unobservable
input | | Range | | Collateral dependent loans, net | | $ | 40,900 | | | Third party appraisal or
broker's price opinion | | Management discount
for costs to sell | | 10% |
The following table provides a description of the valuation technique, unobservable inputs, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a nonrecurring basis as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | Fair Value | | Valuation Technique | | Unobservable Input | | Range (Weighted Average) | | (Dollars in thousands) | | | | | | | | | Financial Instrument | | | | | | | | | Collateral - Dependent loans, net | $ | 33,635 | | | Third party appraisal or broker’s price opinion | | Management discount for costs to sell | | 10 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | Fair Value | | Valuation Technique | | Unobservable Input | | Range (Weighted Average) | | (Dollars in thousands) | | | | | | | | | Financial Instrument | | | | | | | | | Collateral - Dependent loans, net | $ | 33,712 | | | Third party appraisal or broker’s price opinion | | Management discount for costs to sell | | 10 | % |
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