Loans and the Allowance for Credit Losses (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Financing Receivable, Allowance for Credit Loss [Line Items] |
|
| Summary of Loans |
The recorded investment in loans is presented in the Consolidated Balance Sheet net of deferred loan fees, costs, and discounts on purchased loans. Net deferred loan costs were $14.0 million and $13.9 million at September 30, 2026 and December 31, 2025, respectively. The unaccreted discount on purchased loans from acquisitions was $261.2 million at September 30, 2026 and $302.4 million at December 31, 2025. Table 7: Loans Summary
|
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|
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|
(unaudited, in thousands) |
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Commercial real estate: |
|
|
|
|
|
|
Land and construction |
|
$ |
1,637,322 |
|
|
$ |
1,783,637 |
|
Improved property |
|
|
9,682,193 |
|
|
|
9,155,197 |
|
Total commercial real estate |
|
|
11,319,515 |
|
|
|
10,938,834 |
|
Commercial and industrial |
|
|
3,067,867 |
|
|
|
2,863,893 |
|
Residential real estate |
|
|
3,998,944 |
|
|
|
3,938,585 |
|
Home equity |
|
|
1,240,811 |
|
|
|
1,129,394 |
|
Consumer |
|
|
273,414 |
|
|
|
355,726 |
|
Total portfolio loans |
|
|
19,900,551 |
|
|
|
19,226,432 |
|
Loans held for sale |
|
|
56,707 |
|
|
|
87,454 |
|
Total loans |
|
$ |
19,957,258 |
|
|
$ |
19,313,886 |
|
|
| Summary of Changes in ACL |
The following table summarizes changes in the ACL applicable to each category of the loan portfolio: Table 8: ACL by Loan Category
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For the Nine Months Ended September 30, 2026 and 2025 |
|
(unaudited, in thousands) |
|
Commercial
Real Estate -
Land and
Construction |
|
|
Commercial
Real Estate-
Improved
Property |
|
|
Commercial
& Industrial |
|
|
Residential
Real Estate |
|
|
Home
Equity |
|
|
Consumer |
|
|
Deposit
Overdrafts |
|
|
Total |
|
Balance at December 31, 2025 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Allowance for credit
losses - loans |
|
$ |
10,707 |
|
|
$ |
96,714 |
|
|
$ |
64,932 |
|
|
$ |
33,416 |
|
|
$ |
2,383 |
|
|
$ |
8,742 |
|
|
$ |
1,855 |
|
|
$ |
218,749 |
|
Allowance for credit
losses - loan commitments |
|
|
5,499 |
|
|
|
— |
|
|
|
552 |
|
|
|
890 |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
6,950 |
|
Total beginning allowance for credit
losses - loans and loan
commitments |
|
|
16,206 |
|
|
|
96,714 |
|
|
|
65,484 |
|
|
|
34,306 |
|
|
|
2,383 |
|
|
|
8,751 |
|
|
|
1,855 |
|
|
|
225,699 |
|
Provision for credit losses: |
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|
|
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|
|
|
|
|
|
|
|
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|
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|
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Provision for loan losses |
|
|
(1,016 |
) |
|
|
(1,462 |
) |
|
|
14,354 |
|
|
|
601 |
|
|
|
971 |
|
|
|
216 |
|
|
|
1,001 |
|
|
|
14,665 |
|
Provision for loan commitments |
|
|
1,767 |
|
|
|
263 |
|
|
|
26 |
|
|
|
217 |
|
|
|
— |
|
|
|
11 |
|
|
|
— |
|
|
|
2,284 |
|
Total provision for credit
losses - loans and loan
commitments (1) |
|
|
751 |
|
|
|
(1,199 |
) |
|
|
14,380 |
|
|
|
818 |
|
|
|
971 |
|
|
|
227 |
|
|
|
1,001 |
|
|
|
16,949 |
|
Charge-offs |
|
|
— |
|
|
|
(980 |
) |
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|
(15,229 |
) |
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|
(2,143 |
) |
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|
(1,265 |
) |
|
|
(5,445 |
) |
|
|
(1,484 |
) |
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|
(26,546 |
) |
Recoveries |
|
|
513 |
|
|
|
193 |
|
|
|
3,340 |
|
|
|
429 |
|
|
|
295 |
|
|
|
2,474 |
|
|
|
446 |
|
|
|
7,690 |
|
Net (charge-offs) recoveries |
|
|
513 |
|
|
|
(787 |
) |
|
|
(11,889 |
) |
|
|
(1,714 |
) |
|
|
(970 |
) |
|
|
(2,971 |
) |
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|
(1,038 |
) |
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|
(18,856 |
) |
Balance at September 30, 2026 |
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|
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|
|
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|
|
|
|
|
|
|
|
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|
Allowance for credit
losses - loans |
|
|
10,204 |
|
|
|
94,465 |
|
|
|
67,397 |
|
|
|
32,303 |
|
|
|
2,384 |
|
|
|
5,987 |
|
|
|
1,818 |
|
|
|
214,558 |
|
Allowance for credit
losses - loan commitments |
|
|
7,266 |
|
|
|
263 |
|
|
|
578 |
|
|
|
1,107 |
|
|
|
— |
|
|
|
20 |
|
|
|
— |
|
|
|
9,234 |
|
Total ending allowance for credit
losses - loans and loan
commitments |
|
$ |
17,470 |
|
|
$ |
94,728 |
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|
$ |
67,975 |
|
|
$ |
33,410 |
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|
$ |
2,384 |
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|
$ |
6,007 |
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|
$ |
1,818 |
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|
$ |
223,792 |
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Balance at December 31, 2024 |
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|
Allowance for credit
losses - loans |
|
$ |
8,411 |
|
|
$ |
59,828 |
|
|
$ |
42,398 |
|
|
$ |
21,790 |
|
|
$ |
1,235 |
|
|
$ |
3,391 |
|
|
$ |
1,713 |
|
|
$ |
138,766 |
|
Allowance for credit
losses - loan commitments |
|
|
5,105 |
|
|
|
— |
|
|
|
— |
|
|
|
1,015 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,120 |
|
Total beginning allowance for credit
losses - loans and loan
commitments |
|
|
13,516 |
|
|
|
59,828 |
|
|
|
42,398 |
|
|
|
22,805 |
|
|
|
1,235 |
|
|
|
3,391 |
|
|
|
1,713 |
|
|
|
144,886 |
|
Initial allowance for credit
losses on acquired PCD loans |
|
|
177 |
|
|
|
7,998 |
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|
|
7,160 |
|
|
|
3,192 |
|
|
|
604 |
|
|
|
3,095 |
|
|
|
— |
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|
|
22,226 |
|
Provision for credit losses: |
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Provision for loan losses |
|
|
1,865 |
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|
32,212 |
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|
|
19,172 |
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|
8,536 |
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|
1,371 |
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|
7,598 |
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|
|
1,887 |
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|
72,641 |
|
Provision for loan commitments |
|
|
146 |
|
|
|
— |
|
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|
1,434 |
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|
(82 |
) |
|
|
— |
|
|
|
10 |
|
|
|
— |
|
|
|
1,508 |
|
Total provision for credit
losses - loans and loan
commitments (1) |
|
|
2,011 |
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|
|
32,212 |
|
|
|
20,606 |
|
|
|
8,454 |
|
|
|
1,371 |
|
|
|
7,608 |
|
|
|
1,887 |
|
|
|
74,149 |
|
Charge-offs |
|
|
— |
|
|
|
(4,498 |
) |
|
|
(5,967 |
) |
|
|
(862 |
) |
|
|
(1,271 |
) |
|
|
(6,333 |
) |
|
|
(2,021 |
) |
|
|
(20,952 |
) |
Recoveries |
|
|
15 |
|
|
|
339 |
|
|
|
1,568 |
|
|
|
349 |
|
|
|
309 |
|
|
|
1,850 |
|
|
|
555 |
|
|
|
4,985 |
|
Net (charge-offs) recoveries (2) |
|
|
15 |
|
|
|
(4,159 |
) |
|
|
(4,399 |
) |
|
|
(513 |
) |
|
|
(962 |
) |
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|
(4,483 |
) |
|
|
(1,466 |
) |
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|
(15,967 |
) |
Balance at September 30, 2025 |
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|
Allowance for credit
losses - loans |
|
|
10,468 |
|
|
|
95,879 |
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|
|
64,331 |
|
|
|
33,005 |
|
|
|
2,248 |
|
|
|
9,601 |
|
|
|
2,134 |
|
|
|
217,666 |
|
Allowance for credit
losses - loan commitments |
|
|
5,251 |
|
|
|
— |
|
|
|
1,434 |
|
|
|
933 |
|
|
|
— |
|
|
|
10 |
|
|
|
— |
|
|
|
7,628 |
|
Total ending allowance for credit
losses - loans and loan
commitments |
|
$ |
15,719 |
|
|
$ |
95,879 |
|
|
$ |
65,765 |
|
|
$ |
33,938 |
|
|
$ |
2,248 |
|
|
$ |
9,611 |
|
|
$ |
2,134 |
|
|
$ |
225,294 |
|
(1) Total provision for credit losses - loans and loan commitments is reported in the Consolidated Statements of Income in the provision for credit losses line item, which also includes the provision for credit losses on HTM securities. For more information on the provision relating to HTM securities, please see Note 3, "Securities." (2) Charge-offs on the acquired PFC loan portfolio prior to the acquisition totaled $22.7 million and are not included in the table above.
|
| ACL and Recorded Investment in Loans |
The following table presents the ACL and recorded investment in loans by category, as of each period-end: Table 9: ACL and Recorded Investment in Loans
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|
(unaudited, in thousands) |
|
Commercial
Real Estate-
Land and
Construction |
|
|
Commercial
Real Estate-
Improved
Property |
|
|
Commercial
and
Industrial |
|
|
Residential
Real
Estate |
|
|
Home
Equity |
|
|
Consumer |
|
|
Deposit
Overdrafts |
|
|
Total |
|
September 30, 2026 |
|
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Loans individually-evaluated |
|
$ |
763 |
|
|
$ |
24,830 |
|
|
$ |
4,215 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,808 |
|
Loans collectively-evaluated |
|
|
9,441 |
|
|
|
69,635 |
|
|
|
63,182 |
|
|
|
32,303 |
|
|
|
2,384 |
|
|
|
5,987 |
|
|
|
1,818 |
|
|
|
184,750 |
|
Loan commitments (1) |
|
|
7,266 |
|
|
|
263 |
|
|
|
578 |
|
|
|
1,107 |
|
|
|
— |
|
|
|
20 |
|
|
|
— |
|
|
|
9,234 |
|
Total allowance for credit
losses - loans and commitments |
|
$ |
17,470 |
|
|
$ |
94,728 |
|
|
$ |
67,975 |
|
|
$ |
33,410 |
|
|
$ |
2,384 |
|
|
$ |
6,007 |
|
|
$ |
1,818 |
|
|
$ |
223,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans: |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually-evaluated for credit
losses |
|
$ |
26,250 |
|
|
$ |
43,483 |
|
|
$ |
5,365 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
75,098 |
|
Collectively-evaluated for credit
losses |
|
|
1,611,072 |
|
|
|
9,638,710 |
|
|
|
3,062,502 |
|
|
|
3,998,944 |
|
|
|
1,240,811 |
|
|
|
273,414 |
|
|
|
— |
|
|
|
19,825,453 |
|
Total portfolio loans |
|
$ |
1,637,322 |
|
|
$ |
9,682,193 |
|
|
$ |
3,067,867 |
|
|
$ |
3,998,944 |
|
|
$ |
1,240,811 |
|
|
$ |
273,414 |
|
|
$ |
— |
|
|
$ |
19,900,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually-evaluated |
|
$ |
— |
|
|
$ |
20,990 |
|
|
$ |
6,918 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
27,908 |
|
Loans collectively-evaluated |
|
|
10,707 |
|
|
|
75,724 |
|
|
|
58,014 |
|
|
|
33,416 |
|
|
|
2,383 |
|
|
|
8,742 |
|
|
|
1,855 |
|
|
|
190,841 |
|
Loan commitments (1) |
|
|
5,499 |
|
|
|
— |
|
|
|
552 |
|
|
|
890 |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
6,950 |
|
Total allowance for credit
losses - loans and commitments |
|
$ |
16,206 |
|
|
$ |
96,714 |
|
|
$ |
65,484 |
|
|
$ |
34,306 |
|
|
$ |
2,383 |
|
|
$ |
8,751 |
|
|
$ |
1,855 |
|
|
$ |
225,699 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually-evaluated for credit
losses |
|
$ |
— |
|
|
$ |
42,010 |
|
|
$ |
6,965 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
48,975 |
|
Collectively-evaluated for credit
losses |
|
|
1,783,637 |
|
|
|
9,113,187 |
|
|
|
2,856,928 |
|
|
|
3,938,585 |
|
|
|
1,129,394 |
|
|
|
355,726 |
|
|
|
— |
|
|
|
19,177,457 |
|
Total portfolio loans |
|
$ |
1,783,637 |
|
|
$ |
9,155,197 |
|
|
$ |
2,863,893 |
|
|
$ |
3,938,585 |
|
|
$ |
1,129,394 |
|
|
$ |
355,726 |
|
|
$ |
— |
|
|
$ |
19,226,432 |
|
(1) For additional detail relating to loan commitments, see Note 11, "Commitments and Contingent Liabilities."
|
| Summary of Commercial Loans by Risk Grade |
The following table summarizes commercial loans by their assigned risk grade: Table 10: Commercial Loans by Internally Assigned Risk Grade (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(unaudited, in thousands) |
|
Commercial
Real Estate-
Land and
Construction |
|
|
Commercial
Real Estate-
Improved
Property |
|
|
Commercial
& Industrial |
|
|
Total
Commercial
Loans |
|
As of September 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,578,258 |
|
|
$ |
9,278,156 |
|
|
$ |
2,895,883 |
|
|
$ |
13,752,297 |
|
Criticized - compromised |
|
|
29,529 |
|
|
|
213,818 |
|
|
|
87,086 |
|
|
|
330,433 |
|
Classified - substandard |
|
|
29,535 |
|
|
|
190,219 |
|
|
|
84,898 |
|
|
|
304,652 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,637,322 |
|
|
$ |
9,682,193 |
|
|
$ |
3,067,867 |
|
|
$ |
14,387,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,748,260 |
|
|
$ |
8,712,676 |
|
|
$ |
2,736,863 |
|
|
$ |
13,197,799 |
|
Criticized - compromised |
|
|
8,331 |
|
|
|
320,185 |
|
|
|
84,552 |
|
|
|
413,068 |
|
Classified - substandard |
|
|
27,046 |
|
|
|
122,336 |
|
|
|
42,478 |
|
|
|
191,860 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,783,637 |
|
|
$ |
9,155,197 |
|
|
$ |
2,863,893 |
|
|
$ |
13,802,727 |
|
(1) Unfunded commitments on criticized and classified commercial loans of $32.5 million at September 30, 2026 and $57.1 million at December 31, 2025 are not included in the table above.
|
| Summary of Age Analysis by Loan Category |
The following table summarizes the age analysis by loan category: Table 11: Age Analysis of Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(unaudited, in thousands) |
|
Current |
|
|
30-59
Days
Past Due |
|
|
60-89
Days
Past Due |
|
|
90 Days
or More
Past Due |
|
|
Total
Past Due |
|
|
Total
Loans |
|
|
90 Days
or More
Past Due and
Accruing |
|
As of September 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and construction |
|
$ |
1,586,584 |
|
|
$ |
23,125 |
|
|
$ |
300 |
|
|
$ |
27,313 |
|
|
$ |
50,738 |
|
|
$ |
1,637,322 |
|
|
$ |
— |
|
Improved property |
|
|
9,614,764 |
|
|
|
28,870 |
|
|
|
3,505 |
|
|
|
35,054 |
|
|
|
67,429 |
|
|
|
9,682,193 |
|
|
|
9,178 |
|
Total commercial real estate |
|
|
11,201,348 |
|
|
|
51,995 |
|
|
|
3,805 |
|
|
|
62,367 |
|
|
|
118,167 |
|
|
|
11,319,515 |
|
|
|
9,178 |
|
Commercial and industrial |
|
|
3,044,721 |
|
|
|
7,325 |
|
|
|
3,282 |
|
|
|
12,539 |
|
|
|
23,146 |
|
|
|
3,067,867 |
|
|
|
397 |
|
Residential real estate |
|
|
3,946,076 |
|
|
|
397 |
|
|
|
14,889 |
|
|
|
37,582 |
|
|
|
52,868 |
|
|
|
3,998,944 |
|
|
|
11,332 |
|
Home equity |
|
|
1,219,341 |
|
|
|
11,324 |
|
|
|
2,677 |
|
|
|
7,469 |
|
|
|
21,470 |
|
|
|
1,240,811 |
|
|
|
2,020 |
|
Consumer |
|
|
268,214 |
|
|
|
3,203 |
|
|
|
1,358 |
|
|
|
639 |
|
|
|
5,200 |
|
|
|
273,414 |
|
|
|
792 |
|
Total portfolio loans |
|
|
19,679,700 |
|
|
|
74,244 |
|
|
|
26,011 |
|
|
|
120,596 |
|
|
|
220,851 |
|
|
|
19,900,551 |
|
|
|
23,719 |
|
Loans held for sale |
|
|
37,545 |
|
|
|
— |
|
|
|
— |
|
|
|
19,162 |
|
|
|
19,162 |
|
|
|
56,707 |
|
|
|
— |
|
Total loans |
|
$ |
19,717,245 |
|
|
$ |
74,244 |
|
|
$ |
26,011 |
|
|
$ |
139,758 |
|
|
$ |
240,013 |
|
|
$ |
19,957,258 |
|
|
$ |
23,719 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-performing loans included above are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-accrual loans |
|
$ |
46,428 |
|
|
$ |
6,339 |
|
|
$ |
5,326 |
|
|
$ |
116,039 |
|
|
$ |
127,704 |
|
|
$ |
174,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and construction |
|
$ |
1,755,314 |
|
|
$ |
13,535 |
|
|
$ |
13,956 |
|
|
$ |
832 |
|
|
$ |
28,323 |
|
|
$ |
1,783,637 |
|
|
$ |
— |
|
Improved property |
|
|
9,090,160 |
|
|
|
13,462 |
|
|
|
7,636 |
|
|
|
43,939 |
|
|
|
65,037 |
|
|
|
9,155,197 |
|
|
|
20,507 |
|
Total commercial real estate |
|
|
10,845,474 |
|
|
|
26,997 |
|
|
|
21,592 |
|
|
|
44,771 |
|
|
|
93,360 |
|
|
|
10,938,834 |
|
|
|
20,507 |
|
Commercial and industrial |
|
|
2,838,247 |
|
|
|
2,055 |
|
|
|
7,434 |
|
|
|
16,157 |
|
|
|
25,646 |
|
|
|
2,863,893 |
|
|
|
777 |
|
Residential real estate |
|
|
3,889,494 |
|
|
|
738 |
|
|
|
13,513 |
|
|
|
34,840 |
|
|
|
49,091 |
|
|
|
3,938,585 |
|
|
|
12,479 |
|
Home equity |
|
|
1,106,652 |
|
|
|
9,938 |
|
|
|
4,162 |
|
|
|
8,642 |
|
|
|
22,742 |
|
|
|
1,129,394 |
|
|
|
2,882 |
|
Consumer |
|
|
345,927 |
|
|
|
6,119 |
|
|
|
1,822 |
|
|
|
1,858 |
|
|
|
9,799 |
|
|
|
355,726 |
|
|
|
1,138 |
|
Total portfolio loans |
|
|
19,025,794 |
|
|
|
45,847 |
|
|
|
48,523 |
|
|
|
106,268 |
|
|
|
200,638 |
|
|
|
19,226,432 |
|
|
|
37,783 |
|
Loans held for sale |
|
|
87,454 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
87,454 |
|
|
|
— |
|
Total loans |
|
$ |
19,113,248 |
|
|
$ |
45,847 |
|
|
$ |
48,523 |
|
|
$ |
106,268 |
|
|
$ |
200,638 |
|
|
$ |
19,313,886 |
|
|
$ |
37,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-performing loans included above are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-accrual loans |
|
$ |
19,928 |
|
|
$ |
1,215 |
|
|
$ |
1,956 |
|
|
$ |
68,485 |
|
|
$ |
71,656 |
|
|
$ |
91,584 |
|
|
|
|
|
| Summary of Nonperforming Loans |
The following tables summarize non-performing loans: Table 12: Non-performing Portfolio Loans (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
|
|
Unpaid |
|
|
|
|
|
|
|
|
Unpaid |
|
|
|
|
|
|
|
|
|
Principal |
|
|
Recorded |
|
|
Related |
|
|
Principal |
|
|
Recorded |
|
|
Related |
|
(unaudited, in thousands) |
|
Balance (2) |
|
|
Investment |
|
|
Allowance |
|
|
Balance (2) |
|
|
Investment |
|
|
Allowance |
|
With no related specific allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and construction |
|
$ |
15,364 |
|
|
$ |
15,265 |
|
|
$ |
— |
|
|
$ |
832 |
|
|
$ |
832 |
|
|
$ |
— |
|
Improved property |
|
|
19,651 |
|
|
|
16,782 |
|
|
|
— |
|
|
|
20,883 |
|
|
|
18,265 |
|
|
|
— |
|
Commercial and industrial |
|
|
22,842 |
|
|
|
16,539 |
|
|
|
— |
|
|
|
12,043 |
|
|
|
9,133 |
|
|
|
— |
|
Residential real estate |
|
|
55,416 |
|
|
|
43,625 |
|
|
|
— |
|
|
|
44,292 |
|
|
|
34,332 |
|
|
|
— |
|
Home equity |
|
|
14,059 |
|
|
|
10,492 |
|
|
|
— |
|
|
|
12,673 |
|
|
|
9,248 |
|
|
|
— |
|
Consumer |
|
|
1,321 |
|
|
|
333 |
|
|
|
— |
|
|
|
2,875 |
|
|
|
1,326 |
|
|
|
— |
|
Total non-accrual loans without a specific allowance |
|
|
128,653 |
|
|
|
103,036 |
|
|
|
— |
|
|
|
93,598 |
|
|
|
73,136 |
|
|
|
— |
|
With a specific allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and construction |
|
|
20,112 |
|
|
|
12,167 |
|
|
|
763 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Improved property |
|
|
34,750 |
|
|
|
34,402 |
|
|
|
23,180 |
|
|
|
11,627 |
|
|
|
11,489 |
|
|
|
6,377 |
|
Commercial and industrial |
|
|
5,365 |
|
|
|
5,365 |
|
|
|
4,215 |
|
|
|
6,959 |
|
|
|
6,959 |
|
|
|
6,918 |
|
Residential real estate |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total non-accrual loans with a specific allowance |
|
|
60,227 |
|
|
|
51,934 |
|
|
|
28,158 |
|
|
|
18,586 |
|
|
|
18,448 |
|
|
|
13,295 |
|
Total non-performing portfolio loans (3) (4) |
|
$ |
188,880 |
|
|
$ |
154,970 |
|
|
$ |
28,158 |
|
|
$ |
112,184 |
|
|
$ |
91,584 |
|
|
$ |
13,295 |
|
(1) Non-performing loans consist solely of non-accrual loans. (2) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off, fair market value adjustments on acquired non-performing loans and capitalized loan origination fees and costs. (3) At September 30, 2026, there were nineteen borrowers with loan balances greater than $1.0 million, which totaled $88.6 million, as compared to eleven borrowers with loan balances greater than $1.0 million totaling $35.5 million at December 31, 2025. Total non-performing loans may include loans that are also restructured for borrowers experiencing financial difficulty. See the "Financial Difficulty Modifications" section for further detail. (4) At September 30, 2026, one loan on non-accrual with an amortized cost of $19.2 million was included in loans HFS. Because it is HFS, it is not reflected in Table 12, but is included in Table 11 and Table 13 as part of non-accrual loans.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
|
|
Average |
|
|
Interest |
|
|
Average |
|
|
Interest |
|
|
Average |
|
|
Interest |
|
|
Average |
|
|
Interest |
|
|
|
Recorded |
|
|
Income |
|
|
Recorded |
|
|
Income |
|
|
Recorded |
|
|
Income |
|
|
Recorded |
|
|
Income |
|
(unaudited, in thousands) |
|
Investment |
|
|
Recognized |
|
|
Investment |
|
|
Recognized |
|
|
Investment |
|
|
Recognized |
|
|
Investment |
|
|
Recognized |
|
With no related specific allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and construction |
|
$ |
15,660 |
|
|
$ |
— |
|
|
$ |
1,526 |
|
|
$ |
— |
|
|
$ |
15,089 |
|
|
$ |
— |
|
|
$ |
763 |
|
|
$ |
— |
|
Improved property |
|
|
25,064 |
|
|
|
— |
|
|
|
16,934 |
|
|
|
— |
|
|
|
25,420 |
|
|
|
— |
|
|
|
18,463 |
|
|
|
— |
|
Commercial and industrial |
|
|
14,847 |
|
|
|
— |
|
|
|
9,109 |
|
|
|
— |
|
|
|
13,143 |
|
|
|
— |
|
|
|
7,590 |
|
|
|
— |
|
Residential real estate |
|
|
40,273 |
|
|
|
— |
|
|
|
27,963 |
|
|
|
— |
|
|
|
37,423 |
|
|
|
— |
|
|
|
23,613 |
|
|
|
— |
|
Home equity |
|
|
10,328 |
|
|
|
— |
|
|
|
8,338 |
|
|
|
— |
|
|
|
9,934 |
|
|
|
— |
|
|
|
7,660 |
|
|
|
— |
|
Consumer |
|
|
322 |
|
|
|
— |
|
|
|
2,087 |
|
|
|
— |
|
|
|
750 |
|
|
|
— |
|
|
|
1,901 |
|
|
|
— |
|
Total non-accrual loans without a specific allowance |
|
|
106,494 |
|
|
|
— |
|
|
|
65,957 |
|
|
|
— |
|
|
|
101,759 |
|
|
|
— |
|
|
|
59,990 |
|
|
|
— |
|
With a specific allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and construction |
|
|
16,140 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,070 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Improved property |
|
|
25,670 |
|
|
|
— |
|
|
|
14,099 |
|
|
|
— |
|
|
|
19,991 |
|
|
|
— |
|
|
|
8,609 |
|
|
|
— |
|
Commercial and industrial |
|
|
6,165 |
|
|
|
— |
|
|
|
9,348 |
|
|
|
— |
|
|
|
6,562 |
|
|
|
— |
|
|
|
6,414 |
|
|
|
— |
|
Total non-accrual loans with a specific allowance |
|
|
47,975 |
|
|
|
— |
|
|
|
23,447 |
|
|
|
— |
|
|
|
34,623 |
|
|
|
— |
|
|
|
15,023 |
|
|
|
— |
|
Total non-performing portfolio loans |
|
$ |
154,469 |
|
|
$ |
— |
|
|
$ |
89,404 |
|
|
$ |
— |
|
|
$ |
136,382 |
|
|
$ |
— |
|
|
$ |
75,013 |
|
|
$ |
— |
|
|
| Recorded Investment in Non-Accrual Loans |
The following table summarizes non-accrual loans: Table 13: Non-accrual Loans
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
(unaudited, in thousands) |
|
2026 |
|
|
2025 |
|
Commercial real estate: |
|
|
|
|
|
|
Land and construction |
|
$ |
27,432 |
|
|
$ |
832 |
|
Improved property |
|
|
51,184 |
|
|
|
29,754 |
|
Total commercial real estate |
|
|
78,616 |
|
|
|
30,586 |
|
Commercial and industrial |
|
|
21,904 |
|
|
|
16,092 |
|
Residential real estate |
|
|
43,625 |
|
|
|
34,332 |
|
Home equity |
|
|
10,492 |
|
|
|
9,248 |
|
Consumer |
|
|
333 |
|
|
|
1,326 |
|
Total portfolio loans |
|
|
154,970 |
|
|
|
91,584 |
|
Loans held for sale |
|
|
19,162 |
|
|
|
— |
|
Total non-accrual loans |
|
$ |
174,132 |
|
|
$ |
91,584 |
|
|
| Summary of Details of Portfolio Loans Modified by Loan Category |
The following table displays the details of portfolio loans that were modified during the three and nine months ended September 30, 2026 and 2025, presented by loan category: Table 14: FDMs by Loan Category (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, 2026 |
|
(unaudited, in thousands) |
|
Term
Extension |
|
|
Rate Reduction |
|
|
Payment
Delay |
|
|
Term Extension
and Rate
Reduction |
|
|
Total |
|
|
% of
Total by
Loan Category |
|
Commercial real estate - land and construction |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
— |
|
Commercial real estate - improved property |
|
|
31,604 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
31,604 |
|
|
|
0.3 |
|
Commercial and industrial |
|
|
22,471 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
22,471 |
|
|
|
0.7 |
|
Residential real estate |
|
|
— |
|
|
|
78 |
|
|
|
— |
|
|
|
— |
|
|
|
78 |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
54,075 |
|
|
$ |
78 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
54,153 |
|
|
|
0.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, 2025 |
|
(unaudited, in thousands) |
|
Term
Extension |
|
|
Rate Reduction |
|
|
Payment
Delay |
|
|
Term Extension
and Rate
Reduction |
|
|
Total |
|
|
% of
Total by
Loan Category |
|
Commercial real estate - land and construction |
|
$ |
29,675 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,675 |
|
|
|
1.6 |
|
Commercial real estate - improved property |
|
|
30,601 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
30,601 |
|
|
|
0.3 |
|
Commercial and industrial |
|
|
445 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
445 |
|
|
|
— |
|
Residential real estate |
|
|
— |
|
|
|
— |
|
|
|
1,939 |
|
|
|
— |
|
|
|
1,939 |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
761 |
|
|
|
— |
|
|
|
761 |
|
|
|
0.1 |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
427 |
|
|
|
— |
|
|
|
427 |
|
|
|
0.1 |
|
Total |
|
$ |
60,721 |
|
|
$ |
— |
|
|
$ |
3,127 |
|
|
$ |
— |
|
|
$ |
63,848 |
|
|
|
0.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2026 |
|
(unaudited, in thousands) |
|
Term
Extension |
|
|
Rate Reduction |
|
|
Payment
Delay |
|
|
Term Extension
and Rate
Reduction |
|
|
Total |
|
|
% of
Total by
Loan Category |
|
Commercial real estate - land and construction |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
— |
|
Commercial real estate - improved property |
|
|
53,924 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
53,924 |
|
|
|
0.6 |
|
Commercial and industrial |
|
|
28,813 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
28,813 |
|
|
|
0.9 |
|
Residential real estate |
|
|
— |
|
|
|
245 |
|
|
|
31 |
|
|
|
— |
|
|
|
276 |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
82,737 |
|
|
$ |
245 |
|
|
$ |
31 |
|
|
$ |
— |
|
|
$ |
83,013 |
|
|
|
0.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2025 |
|
(unaudited, in thousands) |
|
Term
Extension |
|
|
Rate Reduction |
|
|
Payment
Delay |
|
|
Term Extension
and Rate
Reduction |
|
|
Total |
|
|
% of
Total by
Loan Category |
|
Commercial real estate - land and construction |
|
$ |
53,895 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
53,895 |
|
|
|
3.0 |
|
Commercial real estate - improved property |
|
|
46,484 |
|
|
|
— |
|
|
|
1,473 |
|
|
|
242 |
|
|
|
48,199 |
|
|
|
0.5 |
|
Commercial and industrial |
|
|
4,913 |
|
|
|
9 |
|
|
|
9 |
|
|
|
— |
|
|
|
4,931 |
|
|
|
0.2 |
|
Residential real estate |
|
|
— |
|
|
|
— |
|
|
|
4,390 |
|
|
|
— |
|
|
|
4,390 |
|
|
|
0.1 |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
1,474 |
|
|
|
— |
|
|
|
1,474 |
|
|
|
0.1 |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
806 |
|
|
|
— |
|
|
|
806 |
|
|
|
0.2 |
|
Total |
|
$ |
105,292 |
|
|
$ |
9 |
|
|
$ |
8,152 |
|
|
$ |
242 |
|
|
$ |
113,695 |
|
|
|
0.6 |
|
(1)Excludes $5.0 million and $1.7 million of unfunded loan commitments modified during the nine months ended September 30, 2026 and 2025, respectively
|
| Summary of Financial Impacts of Loan Modifications and Payment Deferrals to Portfolio Loans |
The following table summarizes the financial impacts of loan modifications and payment deferrals made to portfolio loans during the three and nine months ended September 30, 2026 and 2025, presented by loan category: Table 15: Financial Effect of FDMs
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
For the Three Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
(unaudited, in thousands) |
|
Weighted-Average
Term Extension
(in months) |
|
|
Weighted-Average
Term Extension
(in months) |
|
Commercial real estate - land and construction |
|
|
— |
|
|
|
6 |
|
Commercial real estate - improved property |
|
|
4 |
|
|
|
7 |
|
Commercial and industrial |
|
|
10 |
|
|
|
9 |
|
Residential real estate |
|
|
— |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
— |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
(unaudited, in thousands) |
|
Weighted-Average
Term Extension
(in months) |
|
|
Weighted-Average
Term Extension
(in months) |
|
Commercial real estate - land and construction |
|
|
— |
|
|
|
6 |
|
Commercial real estate - improved property |
|
|
8 |
|
|
|
8 |
|
Commercial and industrial |
|
|
9 |
|
|
|
12 |
|
Residential real estate |
|
|
— |
|
|
|
— |
|
Home equity |
|
|
— |
|
|
|
— |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
| Summary of Loans with FDMs Sussequently Defaulted |
The following table summarizes loans with FDMs which defaulted (defined as 90 days past due) within 12 months of the loan being modified during the three and nine months ended September 30, 2026 and 2025. Modified loans, including those that have defaulted, are already included in the ACL through the various methodologies used to estimate the allowance. As such, no modification to the allowance is recorded specifically due to a modified loan subsequently defaulting. Table 16: FDMs on Loans that Subsequently Defaulted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
|
For the Three Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
(unaudited, in thousands) |
|
Term Extension |
|
|
Rate Reduction |
|
|
Payment Delay |
|
|
Total |
|
|
Term Extension |
|
|
Rate Reduction |
|
|
Payment Delay |
|
|
Total |
|
Commercial real estate - land and construction |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial real estate - improved property |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
23,520 |
|
|
|
— |
|
|
|
— |
|
|
|
23,520 |
|
Commercial and industrial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,381 |
|
|
|
— |
|
|
|
— |
|
|
|
1,381 |
|
Residential real estate |
|
|
— |
|
|
|
108 |
|
|
|
— |
|
|
|
108 |
|
|
|
— |
|
|
|
— |
|
|
|
387 |
|
|
|
387 |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
175 |
|
|
|
175 |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
95 |
|
|
|
95 |
|
Total loans that subsequently defaulted |
|
$ |
— |
|
|
$ |
108 |
|
|
$ |
— |
|
|
$ |
108 |
|
|
$ |
24,901 |
|
|
$ |
— |
|
|
$ |
657 |
|
|
$ |
25,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30, 2026 |
|
|
September 30, 2025 |
|
(unaudited, in thousands) |
|
Term Extension |
|
|
Rate Reduction |
|
|
Payment Delay |
|
|
Total |
|
|
Term Extension |
|
|
Rate Reduction |
|
|
Payment Delay |
|
|
Total |
|
Commercial real estate - land and construction |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial real estate - improved property |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
26,988 |
|
|
|
— |
|
|
|
— |
|
|
|
26,988 |
|
Commercial and industrial |
|
|
190 |
|
|
|
— |
|
|
|
— |
|
|
|
190 |
|
|
|
1,381 |
|
|
|
— |
|
|
|
— |
|
|
|
1,381 |
|
Residential real estate |
|
|
— |
|
|
|
108 |
|
|
|
— |
|
|
|
108 |
|
|
|
— |
|
|
|
— |
|
|
|
510 |
|
|
|
510 |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
286 |
|
|
|
286 |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
94 |
|
|
|
94 |
|
Total loans that subsequently defaulted |
|
$ |
190 |
|
|
$ |
108 |
|
|
$ |
— |
|
|
$ |
298 |
|
|
$ |
28,369 |
|
|
$ |
— |
|
|
$ |
890 |
|
|
$ |
29,259 |
|
|
| Summary of Aging Analysis of Portfolio Loans Restructured |
The following tables present an aging analysis of portfolio loans by loan category that were modified during the twelve months prior to September 30, 2026 and September 30, 2025. Table 17: Aging Analysis of Modified Portfolio Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At September 30, 2026 |
|
(unaudited, in thousands) |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
90 Days
or More
Past Due |
|
|
Total
Past Due |
|
|
Current |
|
|
Total |
|
Commercial real estate - land and construction |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial real estate - improved property |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
92,791 |
|
|
|
92,791 |
|
Commercial and industrial |
|
|
— |
|
|
|
— |
|
|
|
75 |
|
|
|
75 |
|
|
|
28,858 |
|
|
|
28,933 |
|
Residential real estate |
|
|
— |
|
|
|
96 |
|
|
|
462 |
|
|
|
558 |
|
|
|
2,118 |
|
|
|
2,676 |
|
Home equity |
|
|
— |
|
|
|
— |
|
|
|
250 |
|
|
|
250 |
|
|
|
358 |
|
|
|
608 |
|
Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
222 |
|
|
|
222 |
|
Total modified loans |
|
$ |
— |
|
|
$ |
96 |
|
|
$ |
787 |
|
|
$ |
883 |
|
|
$ |
124,347 |
|
|
$ |
125,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At September 30, 2025 |
|
(unaudited, in thousands) |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
90 Days
or More
Past Due |
|
|
Total
Past Due |
|
|
Current |
|
|
Total |
|
Commercial real estate - land and construction |
|
$ |
— |
|
|
$ |
293 |
|
|
$ |
832 |
|
|
$ |
1,125 |
|
|
$ |
53,600 |
|
|
$ |
54,725 |
|
Commercial real estate - improved property |
|
|
— |
|
|
|
— |
|
|
|
5,312 |
|
|
|
5,312 |
|
|
|
84,778 |
|
|
|
90,090 |
|
Commercial and industrial |
|
|
— |
|
|
|
— |
|
|
|
7,894 |
|
|
|
7,894 |
|
|
|
3,997 |
|
|
|
11,891 |
|
Residential real estate |
|
|
— |
|
|
|
1,513 |
|
|
|
1,247 |
|
|
|
2,760 |
|
|
|
3,069 |
|
|
|
5,829 |
|
Home equity |
|
|
290 |
|
|
|
225 |
|
|
|
425 |
|
|
|
940 |
|
|
|
911 |
|
|
|
1,851 |
|
Consumer |
|
|
14 |
|
|
|
41 |
|
|
|
94 |
|
|
|
149 |
|
|
|
657 |
|
|
|
806 |
|
Total modified loans |
|
$ |
304 |
|
|
$ |
2,072 |
|
|
$ |
15,804 |
|
|
$ |
18,180 |
|
|
$ |
147,012 |
|
|
$ |
165,192 |
|
|
| Summary of Amortized Cost Basis Loan Balances by Year of Origination and Credit Quality Indicator |
The following tables summarize amortized cost basis loan balances by year of origination and credit quality indicator: Table 18: Amortized Cost Basis by Loan Origination Year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans As of September 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
(unaudited, in thousands) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
Prior |
|
|
Revolving Loans Amortized Cost Basis |
|
|
Revolving Loans Converted to Term |
|
|
Total |
|
Commercial real estate: land and construction |
|
|
|
|
Risk rating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
283,546 |
|
|
$ |
475,662 |
|
|
$ |
228,759 |
|
|
$ |
125,715 |
|
|
$ |
21,021 |
|
|
$ |
77,744 |
|
|
$ |
130,956 |
|
|
$ |
234,855 |
|
|
$ |
1,578,258 |
|
Criticized - compromised |
|
|
— |
|
|
|
958 |
|
|
|
19,337 |
|
|
|
195 |
|
|
|
4,507 |
|
|
|
722 |
|
|
|
3,038 |
|
|
|
772 |
|
|
|
29,529 |
|
Classified - substandard |
|
|
— |
|
|
|
— |
|
|
|
197 |
|
|
|
— |
|
|
|
— |
|
|
|
1,958 |
|
|
|
— |
|
|
|
27,380 |
|
|
|
29,535 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
283,546 |
|
|
$ |
476,620 |
|
|
$ |
248,293 |
|
|
$ |
125,910 |
|
|
$ |
25,528 |
|
|
$ |
80,424 |
|
|
$ |
133,994 |
|
|
$ |
263,007 |
|
|
$ |
1,637,322 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: improved property |
|
|
|
|
Risk rating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,461,723 |
|
|
$ |
1,071,164 |
|
|
$ |
569,249 |
|
|
$ |
441,421 |
|
|
$ |
1,219,131 |
|
|
$ |
3,205,816 |
|
|
$ |
214,945 |
|
|
$ |
1,094,707 |
|
|
$ |
9,278,156 |
|
Criticized - compromised |
|
|
118 |
|
|
|
1,847 |
|
|
|
5,931 |
|
|
|
5,200 |
|
|
|
55,551 |
|
|
|
119,125 |
|
|
|
3,128 |
|
|
|
22,918 |
|
|
|
213,818 |
|
Classified - substandard |
|
|
— |
|
|
|
1,007 |
|
|
|
8,124 |
|
|
|
13,991 |
|
|
|
61,084 |
|
|
|
57,354 |
|
|
|
2,017 |
|
|
|
46,642 |
|
|
|
190,219 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,461,841 |
|
|
$ |
1,074,018 |
|
|
$ |
583,304 |
|
|
$ |
460,612 |
|
|
$ |
1,335,766 |
|
|
$ |
3,382,295 |
|
|
$ |
220,090 |
|
|
$ |
1,164,267 |
|
|
$ |
9,682,193 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
31 |
|
|
$ |
227 |
|
|
$ |
722 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
|
|
|
|
Risk rating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
461,350 |
|
|
$ |
312,252 |
|
|
$ |
137,878 |
|
|
$ |
119,225 |
|
|
$ |
240,499 |
|
|
$ |
344,721 |
|
|
$ |
1,043,473 |
|
|
$ |
236,485 |
|
|
$ |
2,895,883 |
|
Criticized - compromised |
|
|
2,478 |
|
|
|
8,345 |
|
|
|
4,946 |
|
|
|
709 |
|
|
|
3,606 |
|
|
|
1,842 |
|
|
|
57,800 |
|
|
|
7,360 |
|
|
|
87,086 |
|
Classified - substandard |
|
|
— |
|
|
|
188 |
|
|
|
34,584 |
|
|
|
5,587 |
|
|
|
10,315 |
|
|
|
14,621 |
|
|
|
16,330 |
|
|
|
3,273 |
|
|
|
84,898 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
463,828 |
|
|
$ |
320,785 |
|
|
$ |
177,408 |
|
|
$ |
125,521 |
|
|
$ |
254,420 |
|
|
$ |
361,184 |
|
|
$ |
1,117,603 |
|
|
$ |
247,118 |
|
|
$ |
3,067,867 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
157 |
|
|
$ |
3,183 |
|
|
$ |
1,016 |
|
|
$ |
1,442 |
|
|
$ |
1,619 |
|
|
$ |
679 |
|
|
$ |
7,133 |
|
|
$ |
15,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate |
|
|
|
|
Loan delinquency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
344,019 |
|
|
$ |
239,659 |
|
|
$ |
106,483 |
|
|
$ |
217,763 |
|
|
$ |
678,609 |
|
|
$ |
1,498,321 |
|
|
$ |
— |
|
|
$ |
861,222 |
|
|
$ |
3,946,076 |
|
30-59 days past due |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
397 |
|
|
|
— |
|
|
|
— |
|
|
|
397 |
|
60-89 days past due |
|
|
— |
|
|
|
— |
|
|
|
991 |
|
|
|
2,870 |
|
|
|
2,395 |
|
|
|
6,768 |
|
|
|
— |
|
|
|
1,865 |
|
|
|
14,889 |
|
90 days or more past due |
|
|
— |
|
|
|
1,403 |
|
|
|
2,659 |
|
|
|
6,498 |
|
|
|
5,733 |
|
|
|
17,757 |
|
|
|
— |
|
|
|
3,532 |
|
|
|
37,582 |
|
Total |
|
$ |
344,019 |
|
|
$ |
241,062 |
|
|
$ |
110,133 |
|
|
$ |
227,131 |
|
|
$ |
686,737 |
|
|
$ |
1,523,243 |
|
|
$ |
— |
|
|
$ |
866,619 |
|
|
$ |
3,998,944 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
56 |
|
|
$ |
162 |
|
|
$ |
1,002 |
|
|
$ |
232 |
|
|
$ |
358 |
|
|
$ |
— |
|
|
$ |
333 |
|
|
$ |
2,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity |
|
|
|
|
Loan delinquency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
16,929 |
|
|
$ |
2,655 |
|
|
$ |
5,835 |
|
|
$ |
3,449 |
|
|
$ |
5,305 |
|
|
$ |
25,555 |
|
|
$ |
1,147,061 |
|
|
$ |
12,552 |
|
|
$ |
1,219,341 |
|
30-59 days past due |
|
|
— |
|
|
|
475 |
|
|
|
776 |
|
|
|
857 |
|
|
|
1,033 |
|
|
|
1,511 |
|
|
|
6,393 |
|
|
|
279 |
|
|
|
11,324 |
|
60-89 days past due |
|
|
— |
|
|
|
63 |
|
|
|
613 |
|
|
|
753 |
|
|
|
462 |
|
|
|
582 |
|
|
|
152 |
|
|
|
52 |
|
|
|
2,677 |
|
90 days or more past due |
|
|
— |
|
|
|
420 |
|
|
|
964 |
|
|
|
1,998 |
|
|
|
662 |
|
|
|
2,858 |
|
|
|
9 |
|
|
|
558 |
|
|
|
7,469 |
|
Total |
|
$ |
16,929 |
|
|
$ |
3,613 |
|
|
$ |
8,188 |
|
|
$ |
7,057 |
|
|
$ |
7,462 |
|
|
$ |
30,506 |
|
|
$ |
1,153,615 |
|
|
$ |
13,441 |
|
|
$ |
1,240,811 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
49 |
|
|
$ |
208 |
|
|
$ |
267 |
|
|
$ |
103 |
|
|
$ |
557 |
|
|
$ |
18 |
|
|
$ |
63 |
|
|
$ |
1,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
Loan delinquency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
22,453 |
|
|
$ |
34,297 |
|
|
$ |
54,585 |
|
|
$ |
45,145 |
|
|
$ |
48,520 |
|
|
$ |
34,181 |
|
|
$ |
28,933 |
|
|
$ |
100 |
|
|
$ |
268,214 |
|
30-59 days past due |
|
|
275 |
|
|
|
324 |
|
|
|
731 |
|
|
|
771 |
|
|
|
801 |
|
|
|
262 |
|
|
|
38 |
|
|
|
1 |
|
|
|
3,203 |
|
60-89 days past due |
|
|
11 |
|
|
|
113 |
|
|
|
252 |
|
|
|
356 |
|
|
|
364 |
|
|
|
262 |
|
|
|
— |
|
|
|
— |
|
|
|
1,358 |
|
90 days or more past due |
|
|
34 |
|
|
|
30 |
|
|
|
136 |
|
|
|
176 |
|
|
|
57 |
|
|
|
206 |
|
|
|
— |
|
|
|
— |
|
|
|
639 |
|
Total |
|
$ |
22,773 |
|
|
$ |
34,764 |
|
|
$ |
55,704 |
|
|
$ |
46,448 |
|
|
$ |
49,742 |
|
|
$ |
34,911 |
|
|
$ |
28,971 |
|
|
$ |
101 |
|
|
$ |
273,414 |
|
Current-period gross charge-offs |
|
$ |
43 |
|
|
$ |
557 |
|
|
$ |
1,289 |
|
|
$ |
1,064 |
|
|
$ |
1,661 |
|
|
$ |
815 |
|
|
$ |
8 |
|
|
$ |
8 |
|
|
$ |
5,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans As of December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost Basis by Origination Year |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
|
2021 |
|
|
Prior |
|
|
Revolving Loans Amortized Cost Basis |
|
|
Revolving Loans Converted to Term |
|
|
Total |
|
Commercial real estate: land and construction |
|
|
|
|
Risk rating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
376,564 |
|
|
$ |
427,548 |
|
|
$ |
293,344 |
|
|
$ |
113,269 |
|
|
$ |
56,846 |
|
|
$ |
73,874 |
|
|
$ |
160,549 |
|
|
$ |
246,266 |
|
|
$ |
1,748,260 |
|
Criticized - compromised |
|
|
86 |
|
|
|
— |
|
|
|
104 |
|
|
|
1,016 |
|
|
|
— |
|
|
|
1,461 |
|
|
|
2,000 |
|
|
|
3,664 |
|
|
|
8,331 |
|
Classified - substandard |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
48 |
|
|
|
— |
|
|
|
26,998 |
|
|
|
27,046 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
376,650 |
|
|
$ |
427,548 |
|
|
$ |
293,448 |
|
|
$ |
114,285 |
|
|
$ |
56,846 |
|
|
$ |
75,383 |
|
|
$ |
162,549 |
|
|
$ |
276,928 |
|
|
$ |
1,783,637 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: improved property |
|
|
|
|
Risk rating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,095,343 |
|
|
$ |
552,084 |
|
|
$ |
565,203 |
|
|
$ |
1,434,869 |
|
|
$ |
870,120 |
|
|
$ |
2,903,510 |
|
|
$ |
213,380 |
|
|
$ |
1,078,167 |
|
|
$ |
8,712,676 |
|
Criticized - compromised |
|
|
— |
|
|
|
56,128 |
|
|
|
19,680 |
|
|
|
93,507 |
|
|
|
19,403 |
|
|
|
46,350 |
|
|
|
69 |
|
|
|
85,048 |
|
|
|
320,185 |
|
Classified - substandard |
|
|
237 |
|
|
|
20,754 |
|
|
|
6,563 |
|
|
|
39,305 |
|
|
|
3,699 |
|
|
|
40,437 |
|
|
|
— |
|
|
|
11,341 |
|
|
|
122,336 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1,095,580 |
|
|
$ |
628,966 |
|
|
$ |
591,446 |
|
|
$ |
1,567,681 |
|
|
$ |
893,222 |
|
|
$ |
2,990,297 |
|
|
$ |
213,449 |
|
|
$ |
1,174,556 |
|
|
$ |
9,155,197 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
112 |
|
|
$ |
7 |
|
|
$ |
142 |
|
|
$ |
4,221 |
|
|
$ |
— |
|
|
$ |
35 |
|
|
$ |
4,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial |
|
|
|
|
Risk rating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
441,249 |
|
|
$ |
209,251 |
|
|
$ |
161,292 |
|
|
$ |
284,974 |
|
|
$ |
167,107 |
|
|
$ |
285,489 |
|
|
$ |
988,436 |
|
|
$ |
199,065 |
|
|
$ |
2,736,863 |
|
Criticized - compromised |
|
|
160 |
|
|
|
5,211 |
|
|
|
3,453 |
|
|
|
20,461 |
|
|
|
5,770 |
|
|
|
7,984 |
|
|
|
37,689 |
|
|
|
3,824 |
|
|
|
84,552 |
|
Classified - substandard |
|
|
27 |
|
|
|
3,077 |
|
|
|
5,200 |
|
|
|
5,988 |
|
|
|
3,816 |
|
|
|
8,410 |
|
|
|
6,701 |
|
|
|
9,259 |
|
|
|
42,478 |
|
Classified - doubtful |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
441,436 |
|
|
$ |
217,539 |
|
|
$ |
169,945 |
|
|
$ |
311,423 |
|
|
$ |
176,693 |
|
|
$ |
301,883 |
|
|
$ |
1,032,826 |
|
|
$ |
212,148 |
|
|
$ |
2,863,893 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
1,453 |
|
|
$ |
739 |
|
|
$ |
1,138 |
|
|
$ |
553 |
|
|
$ |
959 |
|
|
$ |
1,088 |
|
|
$ |
1,318 |
|
|
$ |
7,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential real estate |
|
|
|
|
Loan delinquency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
301,928 |
|
|
$ |
148,830 |
|
|
$ |
252,536 |
|
|
$ |
726,653 |
|
|
$ |
625,616 |
|
|
$ |
1,002,612 |
|
|
$ |
— |
|
|
$ |
831,319 |
|
|
$ |
3,889,494 |
|
30-59 days past due |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
738 |
|
|
|
— |
|
|
|
— |
|
|
|
738 |
|
60-89 days past due |
|
|
119 |
|
|
|
1,152 |
|
|
|
1,399 |
|
|
|
2,362 |
|
|
|
1,928 |
|
|
|
5,742 |
|
|
|
— |
|
|
|
811 |
|
|
|
13,513 |
|
90 days or more past due |
|
|
501 |
|
|
|
1,905 |
|
|
|
5,270 |
|
|
|
6,116 |
|
|
|
3,407 |
|
|
|
14,477 |
|
|
|
— |
|
|
|
3,164 |
|
|
|
34,840 |
|
Total |
|
$ |
302,548 |
|
|
$ |
151,887 |
|
|
$ |
259,205 |
|
|
$ |
735,131 |
|
|
$ |
630,951 |
|
|
$ |
1,023,569 |
|
|
$ |
— |
|
|
$ |
835,294 |
|
|
$ |
3,938,585 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
62 |
|
|
$ |
173 |
|
|
$ |
602 |
|
|
$ |
29 |
|
|
$ |
528 |
|
|
$ |
— |
|
|
$ |
71 |
|
|
$ |
1,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home equity |
|
|
|
|
Loan delinquency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
13,731 |
|
|
$ |
3,717 |
|
|
$ |
3,194 |
|
|
$ |
3,665 |
|
|
$ |
1,852 |
|
|
$ |
22,200 |
|
|
$ |
1,042,133 |
|
|
$ |
16,160 |
|
|
$ |
1,106,652 |
|
30-59 days past due |
|
|
177 |
|
|
|
728 |
|
|
|
324 |
|
|
|
729 |
|
|
|
141 |
|
|
|
2,126 |
|
|
|
5,427 |
|
|
|
286 |
|
|
|
9,938 |
|
60-89 days past due |
|
|
11 |
|
|
|
713 |
|
|
|
812 |
|
|
|
990 |
|
|
|
253 |
|
|
|
1,171 |
|
|
|
110 |
|
|
|
102 |
|
|
|
4,162 |
|
90 days or more past due |
|
|
55 |
|
|
|
1,256 |
|
|
|
1,932 |
|
|
|
1,253 |
|
|
|
596 |
|
|
|
2,628 |
|
|
|
76 |
|
|
|
846 |
|
|
|
8,642 |
|
Total |
|
$ |
13,974 |
|
|
$ |
6,414 |
|
|
$ |
6,262 |
|
|
$ |
6,637 |
|
|
$ |
2,842 |
|
|
$ |
28,125 |
|
|
$ |
1,047,746 |
|
|
$ |
17,394 |
|
|
$ |
1,129,394 |
|
Current-period gross charge-offs |
|
$ |
— |
|
|
$ |
79 |
|
|
$ |
562 |
|
|
$ |
322 |
|
|
$ |
137 |
|
|
$ |
387 |
|
|
$ |
42 |
|
|
$ |
36 |
|
|
$ |
1,565 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
Loan delinquency: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
54,554 |
|
|
$ |
74,906 |
|
|
$ |
65,337 |
|
|
$ |
74,538 |
|
|
$ |
24,333 |
|
|
$ |
24,369 |
|
|
$ |
27,857 |
|
|
$ |
33 |
|
|
$ |
345,927 |
|
30-59 days past due |
|
|
319 |
|
|
|
1,234 |
|
|
|
1,435 |
|
|
|
1,621 |
|
|
|
553 |
|
|
|
545 |
|
|
|
412 |
|
|
|
— |
|
|
|
6,119 |
|
60-89 days past due |
|
|
82 |
|
|
|
533 |
|
|
|
471 |
|
|
|
436 |
|
|
|
140 |
|
|
|
160 |
|
|
|
— |
|
|
|
— |
|
|
|
1,822 |
|
90 days or more past due |
|
|
97 |
|
|
|
258 |
|
|
|
504 |
|
|
|
503 |
|
|
|
157 |
|
|
|
339 |
|
|
|
— |
|
|
|
— |
|
|
|
1,858 |
|
Total |
|
$ |
55,052 |
|
|
$ |
76,931 |
|
|
$ |
67,747 |
|
|
$ |
77,098 |
|
|
$ |
25,183 |
|
|
$ |
25,413 |
|
|
$ |
28,269 |
|
|
$ |
33 |
|
|
$ |
355,726 |
|
Current-period gross charge-offs |
|
$ |
262 |
|
|
$ |
2,424 |
|
|
$ |
1,931 |
|
|
$ |
2,168 |
|
|
$ |
937 |
|
|
$ |
712 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,434 |
|
|
| Summary of OREO and Repossessed Assets |
The following table summarizes OREO and repossessed assets included in other assets: Table 19: OREO and Repossessed Assets
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
(unaudited, in thousands) |
|
2026 |
|
|
2025 |
|
OREO |
|
$ |
1,593 |
|
|
$ |
618 |
|
Repossessed assets |
|
|
191 |
|
|
|
289 |
|
Total OREO and repossessed assets |
|
$ |
1,784 |
|
|
$ |
907 |
|
|