v3.26.3
Loan and Lease Financings (Tables)
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Schedule of amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination, as of September 30, 2026, and gross charge-offs for the nine months ended September 30, 2026.
Term Loans and Leases by Origination Year
(Dollars in thousands)20262025202420232022PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and agricultural
Grades 1-6$131,530 $119,980 $64,082 $53,171 $36,402 $24,340 $386,790 $— $816,295 
Grades 7-122,509 2,108 612 3,661 824 2,794 26,610 — 39,118 
Total commercial and agricultural134,039 122,088 64,694 56,832 37,226 27,134 413,400 — 855,413 
Current period gross charge-offs553 490 73 46 10 — 346 — 1,518 
Renewable energy
Grades 1-6292,362 248,589 52,555 80,513 22,538 101,384 — — 797,941 
Grades 7-12— — — — — — — — — 
Total renewable energy292,362 248,589 52,555 80,513 22,538 101,384 — — 797,941 
Current period gross charge-offs— — — — — — — — — 
Auto and light truck
Grades 1-6361,043 223,708 105,823 41,617 20,107 6,198 — — 758,496 
Grades 7-121,837 12,054 10,804 34,621 117 10 — — 59,443 
Total auto and light truck362,880 235,762 116,627 76,238 20,224 6,208 — — 817,939 
Current period gross charge-offs— 161 1,308 2,252 33 13 — — 3,767 
Medium and heavy duty truck
Grades 1-6105,759 72,062 46,143 34,513 28,931 4,316 — — 291,724 
Grades 7-12— 1,225 1,194 1,065 3,443 1,158 — — 8,085 
Total medium and heavy duty truck105,759 73,287 47,337 35,578 32,374 5,474 — — 299,809 
Current period gross charge-offs— — — — — — — — — 
Aircraft
Grades 1-6265,346 289,513 162,509 113,409 150,609 67,159 14,968 — 1,063,513 
Grades 7-12— 4,717 14,564 4,583 7,423 1,591 — — 32,878 
Total aircraft265,346 294,230 177,073 117,992 158,032 68,750 14,968 — 1,096,391 
Current period gross charge-offs— — — — — — — — — 
Construction equipment
Grades 1-6442,795 357,678 246,083 118,294 47,217 15,621 33,527 193 1,261,408 
Grades 7-122,163 1,366 3,981 2,435 975 8,122 — — 19,042 
Total construction equipment444,958 359,044 250,064 120,729 48,192 23,743 33,527 193 1,280,450 
Current period gross charge-offs— 993 15 55 129 — — — 1,192 
Commercial real estate
Grades 1-6218,001 266,770 210,102 231,602 157,314 197,242 71 — 1,281,102 
Grades 7-122,747 77 13,958 12,778 3,361 3,995 — — 36,916 
Total commercial real estate220,748 266,847 224,060 244,380 160,675 201,237 71 — 1,318,018 
Current period gross charge-offs— — 354 — — — — — 354 
Residential real estate and home equity
Performing80,396 89,383 57,806 44,221 70,027 187,711 226,139 8,273 763,956 
Nonperforming— 208 145 635 883 671 1,852 94 4,488 
Total residential real estate and home equity80,396 89,591 57,951 44,856 70,910 188,382 227,991 8,367 768,444 
Current period gross charge-offs— — — — — 71 55 — 126 
Consumer
Performing26,831 25,295 16,722 10,567 7,103 1,955 17,380 — 105,853 
Nonperforming54 103 137 203 252 84 — — 833 
Total consumer26,885 25,398 16,859 10,770 7,355 2,039 17,380 — 106,686 
Current period gross charge-offs391 186 170 130 42 32 26 — 977 
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination, as of December 31, 2025 and gross charge-offs for the year ended December 31, 2025.
Term Loans and Leases by Origination Year
(Dollars in thousands)20252024202320222021PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and agricultural
Grades 1-6$166,469 $91,665 $71,108 $47,491 $21,408 $15,469 $342,362 $— $755,972 
Grades 7-122,409 555 4,287 1,583 1,503 2,035 29,248 — 41,620 
Total commercial and agricultural168,878 92,220 75,395 49,074 22,911 17,504 371,610 — 797,592 
Current period gross charge-offs220 32 171 198 9 — 1,790 — 2,420 
Renewable energy
Grades 1-6326,861 94,730 82,739 23,454 57,332 67,683 — — 652,799 
Grades 7-12— — — — — — — — — 
Total renewable energy326,861 94,730 82,739 23,454 57,332 67,683 — — 652,799 
Current period gross charge-offs— — — — — — — — — 
Auto and light truck
Grades 1-6438,559 206,382 96,058 38,777 9,475 5,038 — — 794,289 
Grades 7-127,296 35,446 49,032 1,611 5 197 — — 93,587 
Total auto and light truck445,855 241,828 145,090 40,388 9,480 5,235 — — 887,876 
Current period gross charge-offs— 2,010 129 226 1 — — — 2,366 
Medium and heavy duty truck
Grades 1-690,318 60,465 47,654 44,315 10,101 3,478 — 481 256,812 
Grades 7-12284 — 4,729 5,495 2,360 69 — — 12,937 
Total medium and heavy duty truck90,602 60,465 52,383 49,810 12,461 3,547 — 481 269,749 
Current period gross charge-offs— — — — — — — — — 
Aircraft
Grades 1-6356,020 211,086 141,743 201,381 112,448 31,204 6,550 — 1,060,432 
Grades 7-125,063 4,722 4,946 8,141 — 3,517 — — 26,389 
Total aircraft361,083 215,808 146,689 209,522 112,448 34,721 6,550 — 1,086,821 
Current period gross charge-offs— — 485 — — — — — 485 
Construction equipment
Grades 1-6468,572 340,807 203,162 103,306 24,023 14,702 34,925 1,437 1,190,934 
Grades 7-122,771 5,094 3,734 8,397 912 9,293 — — 30,201 
Total construction equipment471,343 345,901 206,896 111,703 24,935 23,995 34,925 1,437 1,221,135 
Current period gross charge-offs— 201 1,206 — — — — — 1,407 
Commercial real estate
Grades 1-6242,722 253,670 275,286 197,066 109,679 157,033 56 — 1,235,512 
Grades 7-12812 13,256 9,897 4,643 3,748 1,897 — — 34,253 
Total commercial real estate243,534 266,926 285,183 201,709 113,427 158,930 56 — 1,269,765 
Current period gross charge-offs— 5 17 — — 5 — — 27 
Residential real estate and home equity
Performing96,957 71,597 54,957 82,427 72,962 141,902 207,536 8,334 736,672 
Nonperforming209 146 549 839 340 72 1,870 80 4,105 
Total residential real estate and home equity97,166 71,743 55,506 83,266 73,302 141,974 209,406 8,414 740,777 
Current period gross charge-offs— — — 13 — 5 50 6 74 
Consumer
Performing38,401 26,781 18,328 13,858 3,837 1,142 17,068 — 119,415 
Nonperforming70 34 294 195 106 41 — — 740 
Total consumer38,471 26,815 18,622 14,053 3,943 1,183 17,068 — 120,155 
Current period gross charge-offs621 287 282 239 52 10 30 — 1,521 
Schedule of amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status
The following table shows the amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status.
(Dollars in thousands) Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past Due and AccruingTotal
Accruing 		Total NonaccrualNonaccrual with No Allowance for Credit LossTotal Financing Receivables
September 30, 2026
Commercial and agricultural$850,071 $361 $34 $— $850,466 $4,947 $3,752 $855,413 
Renewable energy797,941 — — — 797,941 — — 797,941 
Auto and light truck778,633 45 — — 778,678 39,261 39,250 817,939 
Medium and heavy duty truck298,743 — — — 298,743 1,066 1,066 299,809 
Aircraft1,094,934 1,457 — — 1,096,391 — — 1,096,391 
Construction equipment1,275,327 1,330 — — 1,276,657 3,793 — 1,280,450 
Commercial real estate1,315,100 222 — — 1,315,322 2,696 1,134 1,318,018 
Residential real estate and home equity761,383 1,933 640 142 764,098 4,346 — 768,444 
Consumer105,328 502 23 — 105,853 833 — 106,686 
Total$7,277,460 $5,850 $697 $142 $7,284,149 $56,942 $45,202 $7,341,091 
December 31, 2025
Commercial and agricultural$794,559 $516 $24 $— $795,099 $2,493 $773 $797,592 
Renewable energy652,799 — — — 652,799 — — 652,799 
Auto and light truck833,507 21 — — 833,528 54,348 28,411 887,876 
Medium and heavy duty truck268,173 — — — 268,173 1,576 — 269,749 
Aircraft1,084,554 2,267 — — 1,086,821 — — 1,086,821 
Construction equipment1,205,931 3,863 — — 1,209,794 11,341 10,797 1,221,135 
Commercial real estate1,267,157 149 — — 1,267,306 2,459 1,798 1,269,765 
Residential real estate and home equity733,037 2,677 958 460 737,132 3,645 — 740,777 
Consumer118,277 919 219 — 119,415 740 — 120,155 
Total$6,957,994 $10,412 $1,201 $460 $6,970,067 $76,602 $41,779 $7,046,669 
Schedule of amortized cost of collateral - dependent loans which are individually evaluated for impairment by collateral type.
The following table shows the amortized cost basis of collateral-dependent loans, segregated by portfolio segment, which are individually evaluated to determine credit losses.
(Dollars in thousands)Real EstateEquipmentGeneral
Business
Assets		TotalAllowance on Collateral Dependent Loans and Leases
September 30, 2026
Commercial and agricultural$— $— $3,762 $3,762 $5 
Auto and light truck— 39,250 — 39,250 — 
Medium and heavy duty truck— 1,066 — 1,066 — 
Construction equipment— 2,753 — 2,753 482 
Commercial real estate2,184 — — 2,184 92 
Total$2,184 $43,069 $3,762 $49,015 $579 
December 31, 2025
Commercial and agricultural$— $— $1,136 $1,136 $19 
Auto and light truck— 53,981 — 53,981 1,080 
Medium and heavy duty truck— 1,507 — 1,507 166 
Construction equipment— 10,797 — 10,797 — 
Commercial real estate1,798 — — 1,798 — 
Total$1,798 $66,285 $1,136 $69,219 $1,265 
Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, segregated by portfolio segment and type of modification.
The following table shows the amortized cost of loans and leases over $250,000 at September 30, 2026, and September 30, 2025, respectively, that were both experiencing financial difficulty and modified during the three months ended September 30, 2026, and September 30, 2025, respectively, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.
(Dollars in thousands)Payment
Delay		Term
Extension		Interest
Rate
Reduction		Combination
Payment Delay
and Term
Extension		% of Total
Segment
Financing
Receivables
Three Months Ended September 30, 2026
Commercial and agricultural$— $395 $— $— 0.05 %
Construction equipment1,390 — — — 0.11 
Commercial real estate1,134 329 — — 0.11 
Total$2,524 $724 $— $— 0.04 %
Three Months Ended September 30, 2025
Commercial and agricultural$— $— $— $300 0.04 %
Total$— $— $— $300 — %
The following table shows the amortized cost of loans and leases over $250,000 at September 30, 2026, and September 30, 2025, respectively, that were both experiencing financial difficulty and modified during the nine months ended September 30, 2026, and September 30, 2025, respectively, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.
(Dollars in thousands)Payment
Delay		Term
Extension		Interest
Rate
Reduction		Combination
Payment Delay
and Term
Extension		% of Total
Segment
Financing
Receivables
Nine months ended September 30, 2026
Commercial and agricultural$1,658 $395 $— $— 0.24 %
Construction equipment1,390 — — — 0.11 
Commercial real estate1,134 329 — — 0.11 
Total$4,182 $724 $— $— 0.07 %
Nine months ended September 30, 2025
Commercial and agricultural$— $2,191 $— $300 0.33 %
Construction equipment— 463 — — 0.04 
Total$— $2,654 $— $300 0.04 %
Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, with delinquency status.
The Company closely monitors the performance of loans and leases that have been modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table shows the performance of such loans and leases that have been modified during the twelve months ended September 30, 2026, and September 30, 2025, respectively.
(Dollars in thousands)Current30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past Due		Total
Past Due
Twelve months ended September 30, 2026
Commercial and agricultural$1,261 $1,658 $— $— $1,658 
Auto and light truck19,908 — — 14,150 14,150 
Medium and heavy duty truck1,066 — — — — 
Construction equipment1,390 — — — — 
Commercial real estate1,463 — — — — 
Total$25,088 $1,658 $— $14,150 $15,808 
Twelve months ended September 30, 2025
Commercial and agricultural$2,384 $107 $— $— $107 
Auto and light truck— — — 4,928 4,928 
Medium and heavy duty truck2,369 — — — — 
Construction equipment51 412 — — 412 
Total$4,804 $519 $— $4,928 $5,447 
Schedule of the financial effect of loan and lease modifications to borrowers experiencing financial difficulties.
The following table shows the financial effect of loan and lease modifications presented above to borrowers experiencing financial difficulty for the twelve months ended September 30, 2026, and September 30, 2025, respectively.
Weighted-
Average
Interest Rate
Reduction		Weighted-
Average
Term
Extension (in months)		Weighted-
Average Payment
Delay
(in months)		Combination Weighted-Average Payment Delay and Term Extension (in months)
Twelve months ended September 30, 2026
Commercial and agricultural— %347
Auto and light truck— 2030
Medium and heavy duty truck— 003
Construction equipment— 040
Commercial real estate— 6120
Total— %2045
Twelve months ended September 30, 2025
Commercial and agricultural— %1168
Auto and light truck— 003
Medium and heavy duty truck— 004
Construction equipment— 500
Commercial real estate— 060
Total— %1164