Loans (Tables)

9 Months Ended

Sep. 30, 2026

Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category

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


	Nine months ended September 30, 2026
	Term Loans by Origination Year
($ in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans Converted to Term Loans		Revolving Loans		Total
C&I	$	2,951	$	10,731	$	2,156	$	1,698	$	6,700	$	47	$	413	$	1,744	$	26,440
Real estate:
Commercial - investor owned	—		—		—		—		—		219		—		—		219
Commercial - owner occupied	—		2,635		—		—		328		128		—		—		3,091
Construction and land development	—		—		—		—		33		1,793		—		—		1,826
Residential	—		355		—		—		—		—		14		—		369
Consumer	11		13		19		13		—		5		8		—		69
Total charge-offs by origination year	$	2,962	$	13,734	$	2,175	$	1,711	$	7,061	$	2,192	$	435	$	1,744	$	32,014
Total gross charge-offs by performing status																	1,027
Total gross charge-offs																	$	33,041


	Twelve months ended December 31, 2025
	Term Loans by Origination Year
($ in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Converted to Term Loans		Revolving Loans		Total
C&I	$	30	$	2,159	$	4,661	$	1,280	$	35	$	1,167	$	1,651	$	11,870	$	22,853
Real estate:
Commercial - investor owned	—		—		—		—		3,972		—		—		—		3,972
Commercial - owner occupied	—		594		285		—		284		898		—		—		2,061
Construction and land development	—		—		—		146		—		3,135		—		—		3,281
Residential	—		—		—		—		—		646		266		—		912
Consumer	—		—		—		—		177		68		5		—		250
Total charge-offs by origination year	$	30	$	2,753	$	4,946	$	1,426	$	4,468	$	5,914	$	1,922	$	11,870	$	33,329
Total gross charge-offs by performing status																	1,187
Total gross charge-offs																	$	34,516

The recorded investment by risk category of the loans by class and year of origination is presented in the following tables as of the dates indicated:


	September 30, 2026
	Term Loans by Origination Year
($ in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans Converted to Term Loans		Revolving Loans		Total
C&I
Pass (1-6)	$	1,321,498	$	1,377,514	$	451,336	$	293,681	$	201,730	$	114,099	$	165,113	$	1,153,262	$	5,078,233
Special Mention (7)	44,201		17,764		10,582		5,427		4,945		6,308		32,727		59,152		181,106
Classified (8-9)	41,089		18,203		10,001		286		3,675		3,926		22,516		54,861		154,557
Total C&I	$	1,406,788	$	1,413,481	$	471,919	$	299,394	$	210,350	$	124,333	$	220,356	$	1,267,275	$	5,413,896

CRE-investor owned
Pass (1-6)	$	866,225	$	635,728	$	313,451	$	321,627	$	335,360	$	433,441	$	58,634	$	36,019	$	3,000,485
Special Mention (7)	58,816		8,957		21,448		3,566		5,318		13,630		50,058		2,997		164,790
Classified (8-9)	1,233		912		10,347		1,884		6,991		32,042		—		—		53,409
Total CRE-investor owned	$	926,274	$	645,597	$	345,246	$	327,077	$	347,669	$	479,113	$	108,692	$	39,016	$	3,218,684

CRE-owner occupied
Pass (1-6)	$	444,924	$	367,691	$	241,582	$	254,186	$	296,883	$	635,872	$	8,289	$	27,714	$	2,277,141
Special Mention (7)	20,793		17,439		3,399		10,589		7,355		27,529		—		700		87,804
Classified (8-9)	12,037		10,271		5,131		15,438		18,915		38,589		225		—		100,606
Total CRE-owner occupied	$	477,754	$	395,401	$	250,112	$	280,213	$	323,153	$	701,990	$	8,514	$	28,414	$	2,465,551

Construction real estate
Pass (1-6)	$	262,002	$	273,971	$	129,868	$	5,189	$	3,683	$	1,566	$	36,210	$	7,249	$	719,738
Special Mention (7)	—		—		—		1,122		464		—		19,734		—		21,320
Classified (8-9)	2,000		—		1,373		356		—		—		—		—		3,729
Total Construction real estate	$	264,002	$	273,971	$	131,241	$	6,667	$	4,147	$	1,566	$	55,944	$	7,249	$	744,787

Residential real estate
Pass (1-6)	$	47,365	$	38,850	$	19,206	$	23,517	$	23,617	$	93,684	$	2,508	$	95,459	$	344,206
Special Mention (7)	133		959		972		307		—		858		555		511		4,295
Classified (8-9)	77		1,510		—		3,433		1,022		1,778		—		307		8,127
Total residential real estate	$	47,575	$	41,319	$	20,178	$	27,257	$	24,639	$	96,320	$	3,063	$	96,277	$	356,628

Consumer
Pass (1-6)	$	3,188	$	1,069	$	472	$	600	$	170	$	34,912	$	—	$	5,871	$	46,282
Special Mention (7)	—		—		—		—		—		514		—		10		524
Classified (8-9)	—		13		1		—		—		1		—		—		15
Total Consumer	$	3,188	$	1,082	$	473	$	600	$	170	$	35,427	$	—	$	5,881	$	46,821

Total loans classified by risk category	$	3,125,581	$	2,770,851	$	1,219,169	$	941,208	$	910,128	$	1,438,749	$	396,569	$	1,444,112	$	12,246,367
Total loans classified by performing status																	98,338
Total loans																	$	12,344,705


	December 31, 2025
	Term Loans by Origination Year
($ in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Converted to Term Loans		Revolving Loans		Total
C&I
Pass (1-6)	$	1,867,472	$	793,869	$	521,429	$	298,735	$	84,618	$	96,374	$	94,043	$	1,153,331	$	4,909,871
Special Mention (7)	17,000		22,548		26,475		3,835		4,871		2,113		22,071		48,303		147,216
Classified (8-9)	47,637		26,370		4,861		10,964		54		845		24,043		36,659		151,433
Total C&I	$	1,932,109	$	842,787	$	552,765	$	313,534	$	89,543	$	99,332	$	140,157	$	1,238,293	$	5,208,520

CRE-investor owned
Pass (1-6)	$	857,292	$	405,208	$	380,247	$	377,479	$	287,917	$	376,426	$	55,616	$	45,784	$	2,785,969
Special Mention (7)	40,134		53,306		1,934		—		9,029		4,571		1,891		—		110,865
Classified (8-9)	17,570		—		—		6,965		26,697		20,469		—		—		71,701
Total CRE-investor owned	$	914,996	$	458,514	$	382,181	$	384,444	$	323,643	$	401,466	$	57,507	$	45,784	$	2,968,535

CRE-owner occupied
Pass (1-6)	$	471,422	$	304,147	$	296,817	$	371,117	$	364,894	$	445,806	$	3,391	$	38,545	$	2,296,139
Special Mention (7)	7,814		5,801		14,730		12,440		4,432		15,019		—		—		60,236
Classified (8-9)	18,006		5,562		11,444		15,503		13,671		22,281		—		—		86,467
Total CRE-owner occupied	$	497,242	$	315,510	$	322,991	$	399,060	$	382,997	$	483,106	$	3,391	$	38,545	$	2,442,842

Construction real estate
Pass (1-6)	$	372,006	$	223,449	$	37,889	$	9,492	$	3,398	$	1,316	$	24,961	$	3,148	$	675,659
Special Mention (7)	2,000		—		23		41		—		—		8,698		—		10,762
Classified (8-9)	—		—		483		676		—		4		—		—		1,163
Total Construction real estate	$	374,006	$	223,449	$	38,395	$	10,209	$	3,398	$	1,320	$	33,659	$	3,148	$	687,584

Residential real estate
Pass (1-6)	$	61,245	$	24,136	$	27,378	$	28,920	$	33,857	$	76,749	$	7,342	$	82,753	$	342,380
Special Mention (7)	3,157		1,219		23		296		84		793		—		976		6,548
Classified (8-9)	1,831		—		2,733		—		6,466		7,055		—		80		18,165
Total residential real estate	$	66,233	$	25,355	$	30,134	$	29,216	$	40,407	$	84,597	$	7,342	$	83,809	$	367,093

Consumer
Pass (1-6)	$	1,466	$	798	$	790	$	199	$	26,824	$	17,513	$	—	$	8,511	$	56,101
Special Mention (7)	—		—		—		—		—		—		—		—		—
Classified (8-9)	—		—		2		—		—		10		—		—		12
Total Consumer	$	1,466	$	798	$	792	$	199	$	26,824	$	17,523	$	—	$	8,511	$	56,113

Total loans classified by risk category	$	3,786,052	$	1,866,413	$	1,327,258	$	1,136,662	$	866,812	$	1,087,344	$	242,056	$	1,418,090	$	11,730,687
Total loans classified by performing status																	69,651
Total loans																	$	11,800,338

In the tables above, loan originations in 2026 and 2025 with a classification of “special mention” or “classified” primarily represent renewals or modifications initially underwritten and originated in prior years.

The following tables summarize the risk category of the loans by loan type as of the dates indicated:


	September 30, 2026
($ in thousands)	Pass (1-6)		Special Mention (7)		Classified (8-9)		Total
C&I	$	5,078,233	$	181,106	$	154,557	$	5,413,896
Real estate:
Commercial - investor owned	3,000,485		164,790		53,409		3,218,684
Commercial - owner occupied	2,277,141		87,804		100,606		2,465,551
Construction and land development	719,738		21,320		3,729		744,787
Residential	344,206		4,295		8,127		356,628
Consumer	46,282		524		15		46,821
Total loans classified by risk category	$	11,466,085	$	459,839	$	320,443	$	12,246,367
Total loans classified by performing status							98,338
							$	12,344,705


	December 31, 2025
($ in thousands)	Pass (1-6)		Special Mention (7)		Classified (8-9)		Total
C&I	$	4,909,871	$	147,216	$	151,433	$	5,208,520
Real estate:
Commercial - investor owned	2,785,969		110,865		71,701		2,968,535
Commercial - owner occupied	2,296,139		60,236		86,467		2,442,842
Construction and land development	675,659		10,762		1,163		687,584
Residential	342,380		6,548		18,165		367,093
Consumer	56,101		—		12		56,113
Total loans classified by risk category	$	11,066,119	$	335,627	$	328,941	$	11,730,687
Total loans classified by performing status							69,651
							$	11,800,338

The following tables present the recorded balance of loans based on payment activity as of the dates indicated:


	September 30, 2026
($ in thousands)	Performing		Non Performing		Total
C&I	$	53,450	$	88	$	53,538
Real estate:
Commercial - investor owned	15,684		—		15,684
Commercial - owner occupied	25,200		—		25,200

Residential	556		—		556
Consumer	3,351		9		3,360
Total	$	98,241	$	97	$	98,338


	December 31, 2025
($ in thousands)	Performing		Non Performing		Total
C&I	$	22,778	$	318	$	23,096
Real estate:
Commercial - investor owned	16,323		—		16,323
Commercial - owner occupied	26,121		—		26,121

Residential	589		—		589
Consumer	3,513		9		3,522
Total	$	69,324	$	327	$	69,651

Loan Modification

The following tables show the recorded balance at the end of the dates listed for loans modified to borrowers experiencing financial difficulty, disaggregated by loan class and type of concession granted:


	Three months ended
	Term Extension				Payment Delay				Total
($ in thousands)	September 30, 2026		Percent of Total Loan Class		September 30, 2026		Percent of Total Loan Class			September 30, 2026		Percent of Total Loan Class
C&I	$	5,552	0.10	%	$	4,193	0.08	%		$	9,745	0.18	%
Real estate:

Commercial - owner occupied	4,790		0.19	%	—		—	%		4,790		0.19	%



Total	$	10,342			$	4,193				$	14,535


	Nine months ended
	Term Extension				Payment Delay				Term Extension and Rate Reduction				Total
($ in thousands)	September 30, 2026		Percent of Total Loan Class		September 30, 2026		Percent of Total Loan Class		September 30, 2026		Percent of Total Loan Class		September 30, 2026		Percent of Total Loan Class
C&I	$	38,340	0.70	%	$	10,053	0.18	%	$	4,407	0.08	%	$	52,800	0.97	%
Real estate:

Commercial - owner occupied	9,505		0.38	%	—		—	%	225		0.01	%	9,730		0.39	%
Construction and land development	2,000		0.27	%	—		—	%	—		—	%	2,000		0.27	%


Total	$	49,845			$	10,053			$	4,632			$	64,530


	Three months ended				Nine months ended
	Term Extension				Term Extension
($ in thousands)	September 30, 2025		Percent of Total Loan Class		September 30, 2025		Percent of Total Loan Class
C&I	$	5,350	0.11	%	$	48,426	0.98	%
Real estate:
Commercial - investor occupied	244		0.01	%	244		0.01	%
Commercial - owner occupied	875		0.04	%	5,888		0.25	%

Residential	—		—	%	23		0.01	%

Total	6,469				$	54,581

The following tables summarize the financial impacts of loan modifications made to borrowers experiencing financial difficulty by class and modification type outstanding at the date indicated:


						Three months ended September 30, 2026
						Financial Effect
Payment Delay
C&I						Payments were delayed for a weighted average amount of $3,471.





Term Extension
C&I						Maturity dates were extended for a weighted average of 8 months.
Real estate:

Commercial - owner occupied						Maturity dates were extended for a weighted average of 6 months.


						Nine months ended September 30, 2026
($ in thousands)						Financial Effect
Term Extension and Rate Reduction
C&I						Maturity dates were extended for a weighted average of 19 months and rates were reduced by a weighted average of 0.65%.
Real estate:
Commercial - owner occupied						Maturity dates were extended for a weighted average of 12 months and rates were reduced by a weighted average of 0.96%.

Payment Delay
C&I						Payments were delayed for a weighted average amount of $1,739.

Term Extension
C&I						Maturity dates were extended for a weighted average of 9 months.
Real estate:

Commercial - owner occupied						Maturity dates were extended for a weighted average of 4 months.
Construction and land development						Maturity dates were extended for a weighted average of 4 months.


						Three months ended September 30, 2025
						Financial Effect
Term Extension
C&I						Maturity dates were extended for a weighted average of 4 months.
Real estate:
Commercial - investor occupied						Maturity dates were extended for a weighted average of 12 months.
Commercial - owner occupied						Maturity dates were extended for a weighted average of 3 months.


						Nine months ended September 30, 2025
						Financial Effect
Term Extension
C&I						Maturity dates were extended for a weighted average of 6 months.
Real estate:
Commercial - investor occupied						Maturity dates were extended for a weighted average of 12 months.
Commercial - owner occupied						Maturity dates were extended for a weighted average of 15 months.
Residential						Maturity dates were extended for a weighted average of 3 months.

The following tables present the aging of the recorded balance of modified loans in the last 12 months by class at the date indicated:


	September 30, 2026
($ in thousands)	Current		30-89 Days Past Due		90 or More Days Past Due		Total
C&I	$	48,815	$	3,984	$	—	$	52,799
Real estate:

Commercial - owner occupied	14,271		—		4,715		18,986
Construction and land development	2,000		—		—		2,000
Residential	409		—		—		409

Total	$	65,495	$	3,984	$	4,715	$	74,194


	September 30, 2025
($ in thousands)	Current		30-89 Days Past Due		90 or More Days Past Due		Total
C&I	$	51,929	$	—	$	—	$	51,929
Real estate:
Commercial - investor owned	244		—		—		244
Commercial - owner occupied	17,420		—		—		17,420

Residential	—		23		—		23

Total	$	69,593	$	23	$	—	$	69,616

The following table summarizes loans that experienced a default during the three and nine months ended September 30, 2026 subsequent to being granted a modification in the preceding twelve months. Default is defined as movement to nonperforming status, foreclosure or charge-off. There were no loans that experienced a default during the three and nine months ended September 30, 2025 subsequent to being granted a modification in the preceding twelve months.

Term Extension

Three and nine months ended

($ in thousands)

September 30, 2026

Percent of Total Loan Class

Real estate:

Commercial - owner occupied

4,715

0.19

Noncovered Loans

Non-covered Loans [Line Items]

Summary of Portfolio Loans by Category

The following table presents a summary of loans by category:


($ in thousands)	September 30, 2026		December 31, 2025
C&I	$	5,472,681	$	5,236,473
Real estate loans:
Commercial - investor owned	3,237,616		2,986,906
Commercial - owner occupied	2,482,819		2,460,761
Construction and land development	747,202		689,357
Residential	356,507		367,127
Total real estate loans	6,824,144		6,504,151
Consumer	50,504		60,469
Loans, before unearned loan fees	12,347,329		11,801,093
Unearned loan fees, net	(2,624)		(755)
Loans, including unearned loan fees	$	12,344,705	$	11,800,338

Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method

The following tables present a summary of the activity, by loan category, in the ACL on loans for the three and nine months ended September 30, 2026 and 2025 as follows:


($ in thousands)	C&I		CRE - investor owned		CRE - owner occupied		Construction and land development		Residential real estate		Consumer		Total
ACL on loans:
Balance at June 30, 2026	$	77,035	$	24,386	$	17,686	$	11,703	$	6,971	$	1,457	$	139,238
Provision (benefit) for credit losses	12,859		1,308		333		1,666		(49)		200		16,317

Charge-offs	(9,064)		(199)		(2,638)		—		(14)		(111)		(12,026)
Recoveries	634		7		5		93		213		38		990
Balance at September 30, 2026	$	81,464	$	25,502	$	15,386	$	13,462	$	7,121	$	1,584	$	144,519



($ in thousands)	C&I		CRE - investor owned		CRE - owner occupied		Construction and land development		Residential real estate		Consumer		Total
ACL on loans:
Balance at December 31, 2025	$	68,345	$	31,565	$	19,218	$	11,016	$	8,023	$	1,855	$	140,022
Provision (benefit) for credit losses	37,682		(5,943)		(796)		4,163		(1,448)		(163)		33,495
Charge-offs	(27,108)		(219)		(3,091)		(1,826)		(369)		(428)		(33,041)
Recoveries	2,545		99		55		109		915		320		4,043
Balance at September 30, 2026	$	81,464	$	25,502	$	15,386	$	13,462	$	7,121	$	1,584	$	144,519


($ in thousands)	C&I		CRE - investor owned		CRE - owner occupied		Construction and land development		Residential real estate		Consumer		Total
ACL on loans:







Balance at June 30, 2025	$	72,081	$	30,189	$	17,643	$	12,964	$	8,484	$	3,772	$	145,133
Provision for credit losses	3,533		2,469		1,055		458		203		60		7,778
Charge-offs	(4,345)		—		—		—		(295)		(315)		(4,955)
Recoveries	234		67		292		19		232		54		898
Balance at September 30, 2025	$	71,503	$	32,725	$	18,990	$	13,441	$	8,624	$	3,571	$	148,854



($ in thousands)	C&I		CRE - investor owned		CRE - owner occupied		Construction and land development		Residential real estate		Consumer		Total
ACL on loans:
Balance at December 31, 2024	$	63,231	$	34,217	$	20,400	$	9,837	$	6,534	$	3,731	$	137,950
Provision (benefit) for credit losses	11,029		(1,686)		(1,022)		3,713		2,233		265		14,532
Charge-offs	(7,358)		—		(1,034)		(146)		(889)		(610)		(10,037)
Recoveries	4,601		194		646		37		746		185		6,409
Balance at September 30, 2025	$	71,503	$	32,725	$	18,990	$	13,441	$	8,624	$	3,571	$	148,854

Schedule of Recorded Investment in Nonperforming Loans by Category

The following tables present the recorded balance in nonperforming loans by category, excluding government guaranteed balances as of the dates indicated:


	September 30, 2026
($ in thousands)	Nonaccrual loans		Loans over 90 days past due and still accruing interest		Nonperforming loans		Nonaccrual loans with no allowance
C&I	$	32,950	$	88	$	33,038	$	10,153
Real estate:
Commercial - investor owned	25,573		—		25,573		24,590
Commercial - owner occupied	25,705		—		25,705		15,869
Construction and land development	1,729		—		1,729		1,373
Residential	1,216		—		1,216		976
Consumer	—		9		9		—
Total	$	87,173	$	97	$	87,270	$	52,961


	December 31, 2025
($ in thousands)	Nonaccrual loans		Loans over 90 days past due and still accruing interest		Nonperforming loans		Nonaccrual loans with no allowance
C&I	$	26,359	$	1,620	$	27,979	$	14,800
Real estate:
Commercial - investor owned	36,988		—		36,988		23,685
Commercial - owner occupied	9,338		—		9,338		7,927
Construction and land development	155		—		155		—
Residential	8,340		—		8,340		8,099
Consumer	—		9		9		—
Total	$	81,180	$	1,629	$	82,809	$	54,511

Schedule of Collateral Dependent Loans

The following tables present a summary of collateral-dependent nonperforming loans by class of loan as of the dates indicated:


	September 30, 2026
	Type of Collateral
($ in thousands)	CRE		Residential Real Estate		Blanket Lien		Other
C&I	$	8,750	$	5	$	8,659	$	156
Real estate:
Commercial - investor owned	23,695		—		—		—
Commercial - owner occupied	15,096		—		—		—
Construction and land development	1,373		—		—		—
Residential	—		905		—		—

Total	$	48,914	$	910	$	8,659	$	156


	December 31, 2025
	Type of Collateral
($ in thousands)	CRE		Residential Real Estate		Blanket Lien		Other
C&I	$	—	$	19	$	3,391	$	15,644
Real estate:
Commercial - investor owned	35,701		—		—		—
Commercial - owner occupied	4,610		456		—		—

Residential	—		8,099		—		—

Total	$	40,311	$	8,574	$	3,391	$	15,644

Summary of Aging of Recorded Investment in Past Due Portfolio Loans by Portfolio Class and Category

The following tables present a summary of aging of the recorded balance in past due loans by class and category as of the dates indicated:


	September 30, 2026
($ in thousands)	30-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
C&I	$	23,055	$	29,360	$	52,415	$	5,420,266	$	5,472,681
Real estate:
Commercial - investor owned	47,246		27,972		75,218		3,162,398		3,237,616
Commercial - owner occupied	26,604		41,119		67,723		2,415,096		2,482,819
Construction and land development	21,464		—		21,464		725,738		747,202
Residential	4,097		1,853		5,950		350,557		356,507
Consumer	95		9		104		50,400		50,504
Loans, before unearned loan fees	$	122,561	$	100,313	$	222,874	$	12,124,455	$	12,347,329
Unearned loan fees, net									(2,624)
Total									$	12,344,705


	December 31, 2025
($ in thousands)	30-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
C&I	$	6,822	$	25,327	$	32,149	$	5,204,324	$	5,236,473
Real estate:
Commercial - investor owned	3,627		38,063		41,690		2,945,216		2,986,906
Commercial - owner occupied	5,274		21,110		26,384		2,434,377		2,460,761
Construction and land development	4,881		583		5,464		683,893		689,357
Residential	7,457		2,516		9,973		357,154		367,127
Consumer	57		9		66		60,403		60,469
Loans, before unearned loan fees	$	28,118	$	87,608	$	115,726	$	11,685,367	$	11,801,093
Unearned loan fees, net									(755)
Total									$	11,800,338