XML 61 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Allowance for Credit Losses, Credit Quality and Other (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Balance of Allowance for Loan Losses
The following table presents the activity in the allowance for credit losses for the year ended December 31, 2024.
Year Ended December 31, 2024
Construction/
Land Development		Other
Commercial
Real Estate		Residential
Real Estate		Commercial
& Industrial		Consumer
& Other		Total
(In thousands)
Allowance for credit losses:
Beginning balance$33,877 $78,635 $55,860 $92,810 $27,052 $288,234 
Loans charged off(1,437)(38,132)(7,067)(11,089)(5,311)(63,036)
Recoveries of loans previously charged off221 59 180 628 1,194 2,282 
Net loans (charged off) recovered
(1,216)(38,073)(6,887)(10,461)(4,117)(60,754)
Provision for credit loss - loans19,610 50,753 1,862 (32,728)8,903 48,400 
Balance, December 31
$52,271 $91,315 $50,835 $49,621 $31,838 $275,880 

The following table presents the balance in the allowance for credit losses for the year ended December 31, 2023.
Year Ended December 31, 2023
Construction/
Land Development		Other
Commercial
Real Estate		Residential
Real Estate		Commercial
& Industrial		Consumer
& Other		Total
(In thousands)
Allowance for credit losses:
Beginning balance$32,243 $93,848 $50,963 $89,354 $23,261 $289,669 
Loans charged off(263)(2,335)(269)(9,157)(4,031)(16,055)
Recoveries of loans previously charged off113 533 329 583 1,112 2,670 
Net loans (charged off) recovered
(150)(1,802)60 (8,574)(2,919)(13,385)
Provision for credit loss - loans1,784 (13,411)4,837 12,030 6,710 11,950 
Balance, December 31
$33,877 $78,635 $55,860 $92,810 $27,052 $288,234 
The following table presents the balance in the allowance for loan losses for the year ended December 31, 2022.
Year Ended December 31, 2022
Construction/
Land Development
Other
Commercial
Real Estate		Residential
Real Estate		Commercial
& Industrial		Consumer
& Other		Total
(In thousands)
Allowance for loan losses:
Beginning balance$28,415 $87,218 $48,458 $53,062 $19,561 $236,714 
Allowance for credit losses on PCD loans - Happy acquisition950 9,283 980 5,596 7 16,816 
Loans charged off(1)— (446)(9,773)(7,047)(17,267)
Recoveries of loans previously charged off405 967 119 780 965 3,236 
Net loans recovered (charged off)404 967 (327)(8,993)(6,082)(14,031)
Provision for credit loss - acquired loans7,205 18,711 7,380 11,303 571 45,170 
Provision for credit loss - loans(4,731)(22,331)(5,528)28,386 9,204 5,000 
Balance December 31
$32,243 $93,848 $50,963 $89,354 $23,261 $289,669 
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due Over 90 Days Still Accruing
The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing as of December 31, 2024 and 2023, respectively:
December 31, 2024
NonaccrualNonaccrual
With Reserve		Loans Past Due
Over 90 Days
Still Accruing
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$35,868 $28,768 $304 
Construction/land development3,702 — 600 
Agricultural559 — — 
Residential real estate loans
Residential 1-4 family22,539 — 1,835 
Multifamily residential13,083 — — 
Total real estate75,751 28,768 2,739 
Consumer6,178 — 32 
Commercial and industrial10,931 — 2,263 
Agricultural & other993 — — 
Total$93,853 $28,768 $5,034 
December 31, 2023
NonaccrualNonaccrual
With Reserve		Loans Past Due
Over 90 Days
Still Accruing
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$13,178 $— $2,177 
Construction/land development12,094 — 255 
Agricultural431 — — 
Residential real estate loans
Residential 1-4 family20,351 — 84 
Multifamily residential— — — 
Total real estate46,054 — 2,516 
Consumer3,423 — 79 
Commercial and industrial9,982 2,534 1,535 
Agricultural & other512 — — 
Total$59,971 $2,534 $4,130 
Amortized Cost Basis of Collateral-dependent Impaired Loans
The following table presents the amortized cost basis of impaired loans by class of loans (which includes loans individually analyzed for credit losses for which a specific reserve has been recorded, non-accrual loans, loans past due 90 days or more and restructured loans made to borrowers experiencing financial difficulty) as of December 31, 2024 and 2023, respectively:
December 31, 2024
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$125,861 $— $— 
Construction/land development4,301 — — 
Agricultural559 — — 
Residential real estate loans
Residential 1-4 family— 26,549 — 
Multifamily residential— 13,083 — 
Total real estate130,721 39,632 — 
Consumer— — 14,228 
Commercial and industrial— — 82,422 
Agricultural & other— — 993 
Total$130,721 $39,632 $97,643 
December 31, 2023
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$39,813 $— $— 
Construction/land development12,350 — — 
Agricultural431 — — 
Residential real estate loans
Residential 1-4 family— 21,386 — 
Multifamily residential— — — 
Total real estate52,594 21,386 — 
Consumer— — 3,511 
Commercial and industrial— — 16,890 
Agricultural & other— — 512 
Total$52,594 $21,386 $20,913 
Summary of Aging Analysis for Loans Receivable
The following is an aging analysis for loans receivable as of December 31, 2024 and 2023:
December 31, 2024
Loans
Past Due
30-59
Days
Loans
Past Due
60-89
Days
Loans
Past Due
90 Days
or More
Total
Past Due
Current
Loans
Total Loans
Receivable
Accruing
Loans
Past Due
90 Days
or More
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$4,352 $38,944 $36,172 $79,468 $5,347,312 $5,426,780 $304 
Construction/land development369 799 4,302 5,470 2,730,744 2,736,214 600 
Agricultural90 43 559 692 336,301 336,993 — 
Residential real estate loans
Residential 1-4 family1,897 4,877 24,374 31,148 1,925,341 1,956,489 1,835 
Multifamily residential— — 13,083 13,083 483,401 496,484 — 
Total real estate6,708 44,663 78,490 129,861 10,823,099 10,952,960 2,739 
Consumer7,046 68 6,210 13,324 1,221,037 1,234,361 32 
Commercial and industrial309 1,028 13,194 14,531 2,008,244 2,022,775 2,263 
Agricultural and other1,082 291 993 2,366 552,038 554,404 — 
Total$15,145 $46,050 $98,887 $160,082 $14,604,418 $14,764,500 $5,034 
December 31, 2023
Loans
Past Due
30-59
Days
Loans
Past Due
60-89
Days
Loans
Past Due
90 Days
or More
Total
Past Due
Current
Loans
Total Loans
Receivable
Accruing
Loans
Past Due
90 Days
or More
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$8,124 $416 $15,355 $23,895 $5,526,059 $5,549,954 $2,177 
Construction/land development1,430 — 12,349 13,779 2,279,268 2,293,047 255 
Agricultural474 314 431 1,219 323,937 325,156 — 
Residential real estate loans
Residential 1-4 family4,346 1,423 20,435 26,204 1,818,056 1,844,260 84 
Multifamily residential— — — — 435,736 435,736 — 
Total real estate14,374 2,153 48,570 65,097 10,383,056 10,448,153 2,516 
Consumer1,022 303 3,502 4,827 1,148,863 1,153,690 79 
Commercial and industrial2,089 3,378 11,517 16,984 2,308,007 2,324,991 1,535 
Agricultural and other1,074 113 512 1,699 496,195 497,894 — 
Total$18,559 $5,947 $64,101 $88,607 $14,336,121 $14,424,728 $4,130 
Presentation of Classified Loans by Class and Risk Rating
Based on the most recent analysis performed, the risk category of loans by class as of December 31, 2024 and 2023 is as follows:
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year  
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $326 $68 $394 
Risk rating 2— — — — — — — — 
Risk rating 3178,690 331,274 645,431 512,315 220,835 934,598 228,198 3,051,341 
Risk rating 4120,700 91,233 531,601 267,040 131,943 617,978 313,529 2,074,024 
Risk rating 527 — 1,266 — 1,040 9,613 343 12,289 
Risk rating 633,781 825 33,998 5,701 9,892 204,535 — 288,732 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total non-farm/non-residential333,198 423,332 1,212,296 785,056 363,710 1,767,050 542,138 5,426,780 
Construction/land development
Risk rating 1$— $— $— $9 $— $— $— $9 
Risk rating 2100 134 — — — 157 — 391 
Risk rating 3791,840 397,607 337,382 85,069 40,870 60,994 70,755 1,784,517 
Risk rating 4171,954 173,190 320,896 29,010 6,848 20,977 207,563 930,438 
Risk rating 513 — 16,390 198 — — — 16,601 
Risk rating 6— 108 1,852 1,182 195 871 38 4,246 
Risk rating 7— — — — — — — — 
Risk rating 8— — — 12 — — — 12 
Total construction/land development963,907 571,039 676,520 115,480 47,913 82,999 278,356 2,736,214 
Agricultural
Risk rating 1$449 $— $1,393 $— $— $— $— $1,842 
Risk rating 2277 238 — 1,080 — — — 1,595 
Risk rating 338,900 32,890 29,013 15,091 20,240 42,896 37,392 216,422 
Risk rating 413,582 10,167 27,987 19,765 10,453 25,539 5,015 112,508 
Risk rating 5— — — — — 571 — 571 
Risk rating 6— — — 1,555 1,084 1,228 188 4,055 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural53,208 43,295 58,393 37,491 31,777 70,234 42,595 336,993 
Total commercial real estate loans$1,350,313 $1,037,666 $1,947,209 $938,027 $443,400 $1,920,283 $863,089 $8,499,987 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $91 $2 $93 
Risk rating 2— 221 — — — 10 4 235 
Risk rating 3219,885 232,289 370,485 222,761 126,372 342,594 120,626 1,635,012 
Risk rating 414,380 18,404 43,419 22,952 19,318 69,811 93,464 281,748 
Risk rating 5854 1,948 887 2,263 193 1,639 778 8,562 
Risk rating 6— 2,630 8,135 2,971 4,230 12,609 263 30,838 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — 1 — 1 
Total residential 1-4 family235,119 255,492 422,926 250,947 150,113 426,755 215,137 1,956,489 
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year  
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 33,744 11,304 33,411 39,828 51,573 71,488 7,457 218,805 
Risk rating 4297 395 160,913 8,908 58,236 22,820 12,413 263,982 
Risk rating 5— — — — — 242 — 242 
Risk rating 6— — 12,647 586 — 222 — 13,455 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential4,041 11,699 206,971 49,322 109,809 94,772 19,870 496,484 
Total real estate$1,589,473 $1,304,857 $2,577,106 $1,238,296 $703,322 $2,441,810 $1,098,096 $10,952,960 
Consumer
Risk rating 1$4,977 $2,256 $1,548 $789 $524 $1,001 $1,589 $12,684 
Risk rating 2— — — — — 142 — 142 
Risk rating 3268,747 208,277 206,878 173,224 87,540 234,802 1,152 1,180,620 
Risk rating 47,232 4,556 4,926 1,464 161 5,626 195 24,160 
Risk rating 5— 4 8 216 156 407 — 791 
Risk rating 675 5,741 3,618 181 339 5,946 55 15,955 
Risk rating 7— 2 — — — — — 2 
Risk rating 8— 1 — 6 — — — 7 
Total consumer281,031 220,837 216,978 175,880 88,720 247,924 2,991 1,234,361 
Commercial and industrial
Risk rating 16,417 $833 $575 $417 $214 $20,878 $12,044 $41,378 
Risk rating 247 117 442 66 4 18 2,709 3,403 
Risk rating 3131,583 509,552 230,981 60,652 43,587 219,289 196,538 1,392,182 
Risk rating 474,388 53,103 30,832 29,032 6,626 59,163 230,272 483,416 
Risk rating 5— 113 324 4,526 15 — 1,068 6,046 
Risk rating 647,007 3,198 3,646 12,617 11 9,406 20,464 96,349 
Risk rating 7— — — — — — — — 
Risk rating 8— — 1 — — — — 1 
Total commercial and industrial259,442 566,916 266,801 107,310 50,457 308,754 463,095 2,022,775 
Agricultural and other
Risk rating 1$705 $375 $120 $16 $100 $— $993 $2,309 
Risk rating 2153 301 23 — — — 2,175 2,652 
Risk rating 333,060 42,562 38,428 26,408 24,261 31,552 180,103 376,374 
Risk rating 431,896 2,287 7,467 6,998 338 14,067 106,309 169,362 
Risk rating 51,914 — 312 — 61 543 5 2,835 
Risk rating 6— 3 — 39 57 663 110 872 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other67,728 45,528 46,350 33,461 24,817 46,825 289,695 554,404 
Total$2,197,674 $2,138,138 $3,107,235 $1,554,947 $867,316 $3,045,313 $1,853,877 $14,764,500 
December 31, 2023
Term Loans Amortized Cost Basis by Origination Year  
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $232 $116 $55 $403 
Risk rating 2— — — — 111 — — 111 
Risk rating 3305,742 584,860 568,413 243,177 216,746 934,111 440,414 3,293,463 
Risk rating 483,089 557,540 242,217 224,378 149,258 590,864 95,360 1,942,706 
Risk rating 5— — 10,000 — 14,095 42,694 758 67,547 
Risk rating 6— 8,198 9,958 23,743 24,380 179,350 95 245,724 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total non-farm/non-residential388,831 1,150,598 830,588 491,298 404,822 1,747,135 536,682 5,549,954 
Construction/land development
Risk rating 1$— $— $10 $— $— $— $— $10 
Risk rating 2759 — — — — 186 — 945 
Risk rating 3300,941 499,984 130,342 62,134 22,656 56,180 44,603 1,116,840 
Risk rating 4198,874 417,244 252,602 22,713 32,342 24,527 209,063 1,157,365 
Risk rating 5641 1,163 — 3,306 218 69 — 5,397 
Risk rating 6— 7,817 1,631 748 641 254 1,327 12,418 
Risk rating 7— — — — — — — — 
Risk rating 8— — 72 — — — — 72 
Total construction/land development501,215 926,208 384,657 88,901 55,857 81,216 254,993 2,293,047 
Agricultural
Risk rating 1$— $1,605 $— $— $— $— $— $1,605 
Risk rating 2247 — 1,936 — — — — 2,183 
Risk rating 330,252 43,291 22,919 25,992 10,678 43,284 20,104 196,520 
Risk rating 49,477 24,688 20,358 19,532 7,873 32,692 4,612 119,232 
Risk rating 5— — — — 314 571 — 885 
Risk rating 6— — 1,675 1,084 1,620 352 — 4,731 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural39,976 69,584 46,888 46,608 20,485 76,899 24,716 325,156 
Total commercial real estate loans$930,022 $2,146,390 $1,262,133 $626,807 $481,164 $1,905,250 $816,391 $8,168,157 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $144 $2 $146 
Risk rating 2259 — — — — 20 1 280 
Risk rating 3246,462 366,149 241,985 145,339 93,751 324,569 122,950 1,541,205 
Risk rating 414,992 37,444 55,406 21,240 13,313 67,084 62,356 271,835 
Risk rating 5— 243 246 479 831 1,343 40 3,182 
Risk rating 671 5,361 2,926 4,064 3,432 10,567 1,189 27,610 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — 2 — 2 
Total residential 1-4 family261,784 409,197 300,563 171,122 111,327 403,729 186,538 1,844,260 
December 31, 2023
Term Loans Amortized Cost Basis by Origination Year  
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 33,314 9,827 37,755 44,407 31,436 53,068 6,537 186,344 
Risk rating 4669 77,185 69,546 64,295 8,116 18,490 7,822 246,123 
Risk rating 5— — — — — 3,006 — 3,006 
Risk rating 6— — — — 263 — — 263 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential3,983 87,012 107,301 108,702 39,815 74,564 14,359 435,736 
Total real estate$1,195,789 $2,642,599 $1,669,997 $906,631 $632,306 $2,383,543 $1,017,288 $10,448,153 
Consumer
Risk rating 1$5,195 $2,952 $2,002 $839 $355 $1,114 $1,580 $14,037 
Risk rating 2— — — — 126 54 — 180 
Risk rating 3240,897 245,543 211,312 108,009 108,063 191,220 1,264 1,106,308 
Risk rating 49,597 7,534 2,479 69 109 6,073 214 26,075 
Risk rating 522 — 22 483 872 261 — 1,660 
Risk rating 6204 1,559 830 581 881 1,349 11 5,415 
Risk rating 715 — — — — — — 15 
Risk rating 8— — — — — — — — 
Total consumer255,930 257,588 216,645 109,981 110,406 200,071 3,069 1,153,690 
Commercial and industrial
Risk rating 1$3,757 $918 $1,120 $236 $121 $20,835 $12,644 $39,631 
Risk rating 2174 1,293 220 12 164 218 963 3,044 
Risk rating 3487,896 272,608 78,507 50,340 77,761 170,610 227,043 1,364,765 
Risk rating 4115,025 34,474 55,812 33,000 27,189 71,854 378,417 715,771 
Risk rating 521 547 16,318 3,352 201 980 1,767 23,186 
Risk rating 612,498 75,536 4,942 1,154 9,086 12,180 63,198 178,594 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total commercial and industrial619,371 385,376 156,919 88,094 114,522 276,677 684,032 2,324,991 
Agricultural and other
Risk rating 1$408 $131 $16 $105 $— $2 $563 $1,225 
Risk rating 2396 28 1 — 1,181 100 693 2,399 
Risk rating 352,758 45,796 31,378 26,918 3,059 43,984 145,419 349,312 
Risk rating 414,007 7,663 8,025 955 10,955 3,188 94,186 138,979 
Risk rating 5— 2,286 — 134 — 593 665 3,678 
Risk rating 671 33 63 108 — 370 1,656 2,301 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other67,640 55,937 39,483 28,220 15,195 48,237 243,182 497,894 
Total$2,138,730 $3,341,500 $2,083,044 $1,132,926 $872,429 $2,908,528 $1,947,571 $14,424,728 
The following table presents gross write-offs by origination date for the year ended December 31, 2024 and December 31, 2023.
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $26,059 $779 $9,979 $1,220 $95 $38,132 
Construction/land development— — 666 526 33 — 212 1,437 
Agricultural— — — — — — — — 
Residential real estate loans
Residential 1-4 family— 57 170 1 58 184 97 567 
Multifamily residential— — 6,500 — — — — 6,500 
Total real estate— 57 33,395 1,306 10,070 1,404 404 46,636 
Consumer18 *134 997 246 336 474 9 2,214 
Commercial and industrial— 576 97 691 116 6,005 3,604 11,089 
Agricultural & other3,026 *71 — — — — — 3,097 
Total$3,044 $838 $34,489 $2,243 $10,522 $7,883 $4,017 $63,036 
*The 2024 write-offs primarily consist of overdrafts.
December 31, 2023
Term Loans Amortized Cost Basis by Origination Year
20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $— $— $1,826 $502 $— $2,328 
Construction/land development— 2 168 5 — 88 — 263 
Agricultural— — — — 1 6 — 7 
Residential real estate loans
Residential 1-4 family— 29 28 73 13 126 — 269 
Total real estate— 31 196 78 1,840 722 — 2,867 
Consumer— 51 44 98 63 263 25 544 
Commercial and industrial— 407 1,110 894 911 5,369 466 9,157 
Agricultural & other3,252 
**
1 1 2 64 3 164 3,487 
Total$3,252 $490 $1,351 $1,072 $2,878 $6,357 $655 $16,055 
** The 2023 write-off primarily consists of overdrafts.
The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. The Company also evaluates credit quality based on the aging status of the loan, which was previously presented and by payment activity. The following tables present the amortized cost of performing and nonperforming loans as of December 31, 2024 and 2023.
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year  
20242023202220212020PriorRevolving
Loans
Amortized
Cost Basis		Total
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing$301,127 $423,332 $1,178,297 $784,102 $359,710 $1,712,213 $542,138 $5,300,919 
Non-performing32,071 — 33,999 954 4,000 54,837 — 125,861 
Total non-farm/ non-residential
333,198 423,332 1,212,296 785,056 363,710 1,767,050 542,138 5,426,780 
Construction/land development
Performing963,903 570,931 674,668 114,157 47,736 82,199 278,319 2,731,913 
Non-performing4 108 1,852 1,323 177 800 37 4,301 
Total construction/ land development
963,907 571,039 676,520 115,480 47,913 82,999 278,356 2,736,214 
Agricultural
Performing$53,208 $43,295 $58,393 $37,491 $31,777 $69,863 $42,407 $336,434 
Non-performing— — — — — 371 188 559 
Total agricultural53,208 43,295 58,393 37,491 31,777 70,234 42,595 336,993 
Total commercial real estate loans
$1,350,313 $1,037,666 $1,947,209 $938,027 $443,400 $1,920,283 $863,089 $8,499,987 
Residential real estate loans
Residential 1-4 family
Performing$235,119 $252,691 $416,981 $247,959 $146,817 $415,401 $214,972 $1,929,940 
Non-performing— 2,801 5,945 2,988 3,296 11,354 165 26,549 
Total residential 1-4 family
235,119 255,492 422,926 250,947 150,113 426,755 215,137 1,956,489 
Multifamily residential
Performing$4,041 $11,699 $194,474 $48,736 $109,809 $94,772 $19,870 $483,401 
Non-performing— — 12,497 586 — — — 13,083 
Total multifamily residential
4,041 11,699 206,971 49,322 109,809 94,772 19,870 496,484 
Total real estate1,589,473 1,304,857 2,577,106 1,238,296 703,322 2,441,810 1,098,096 10,952,960 
Consumer
Performing$280,956 $215,196 $214,938 $175,706 $88,409 $241,992 $2,936 $1,220,133 
Non-performing75 5,641 2,040 174 311 5,932 55 14,228 
Total consumer281,031 220,837 216,978 175,880 88,720 247,924 2,991 1,234,361 
Commercial and industrial
Performing$212,469 $564,063 $263,604 $106,405 $50,453 $300,351 $443,008 $1,940,353 
Non-performing46,973 2,853 3,197 905 4 8,403 20,087 82,422 
Total commercial and industrial259,442 566,916 266,801 107,310 50,457 308,754 463,095 2,022,775 
Agricultural and other
Performing$67,728 $45,525 $46,350 $33,422 $24,815 $45,922 $289,649 $553,411 
Non-performing— 3 — 39 2 903 46 993 
Total agricultural and other67,728 45,528 46,350 33,461 24,817 46,825 289,695 554,404 
Total$2,197,674 $2,138,138 $3,107,235 $1,554,947 $867,316 $3,045,313 $1,853,877 $14,764,500 
December 31, 2023
Term Loans Amortized Cost Basis by Origination Year  
20232022202120202019PriorRevolving
Loans
Amortized
Cost Basis		Total
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing$388,831 $1,150,598 $821,373 $490,153 $404,061 $1,718,776 $536,349 $5,510,141 
Non-performing— — 9,215 1,145 761 28,359 333 39,813 
Total non-farm/ non-residential
388,831 1,150,598 830,588 491,298 404,822 1,747,135 536,682 5,549,954 
Construction/land development
Performing501,215 918,390 382,954 88,204 55,239 81,028 253,667 2,280,697 
Non-performing— 7,818 1,703 697 618 188 1,326 12,350 
Total construction/ land development
501,215 926,208 384,657 88,901 55,857 81,216 254,993 2,293,047 
Agricultural
Performing$39,976 $69,584 $46,809 $46,608 $20,485 $76,547 $24,716 $324,725 
Non-performing— — 79 — — 352 — 431 
Total agricultural39,976 69,584 46,888 46,608 20,485 76,899 24,716 325,156 
Total commercial real estate loans
$930,022 $2,146,390 $1,262,133 $626,807 $481,164 $1,905,250 $816,391 $8,168,157 
Residential real estate loans
Residential 1-4 family
Performing$261,784 $405,239 $298,207 $167,475 $108,091 $396,130 $185,948 $1,822,874 
Non-performing— 3,958 2,356 3,647 3,236 7,599 590 21,386 
Total residential 1-4 family
261,784 409,197 300,563 171,122 111,327 403,729 186,538 1,844,260 
Multifamily residential
Performing$3,983 $87,012 $107,301 $108,702 $39,815 $74,564 $14,359 $435,736 
Non-performing— — — — — — — — 
Total multifamily residential
3,983 87,012 107,301 108,702 39,815 74,564 14,359 435,736 
Total real estate1,195,789 2,642,599 1,669,997 906,631 632,306 2,383,543 1,017,288 10,448,153 
Consumer
Performing$255,771 $256,826 $215,831 $109,442 $110,267 $198,982 $3,060 $1,150,179 
Non-performing159 762 814 539 139 1,089 9 3,511 
Total consumer255,930 257,588 216,645 109,981 110,406 200,071 3,069 1,153,690 
Commercial and industrial
Performing$616,809 $382,190 $156,056 $87,531 $111,529 $273,434 $680,552 $2,308,101 
Non-performing2,562 3,186 863 563 2,993 3,243 3,480 16,890 
Total commercial and industrial619,371 385,376 156,919 88,094 114,522 276,677 684,032 2,324,991 
Agricultural and other
Performing$67,569 $55,904 $39,473 $28,220 $15,195 $48,203 $242,818 $497,382 
Non-performing71 33 10 — — 34 364 512 
Total agricultural and other67,640 55,937 39,483 28,220 15,195 48,237 243,182 497,894 
Total$2,138,730 $3,341,500 $2,083,044 $1,132,926 $872,429 $2,908,528 $1,947,571 $14,424,728 
Presentation of Troubled Debt Restructurings ("TDRs") by Class
The following table presents the amortized cost basis of modified loans to borrowers experiencing financial difficulty by class and modification type at December 31, 2024 and December 31, 2023. 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.
December 31, 2024
Combination of Modifications
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyInterest Rate Reduction and Term ExtensionPrincipal Reduction and Interest Rate ReductionTerm Extension and Interest OnlyTerm Extension and Principal Reduction
Post-
Modification
Outstanding
Balance
Percentage of Total Class of Loans Receivable
(Dollars in thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$388 $32,096 $— $1,228 $339 $— $15,646 $— $49,697 0.92 %
Construction/land development— — — 52 — — — — 52 — %
Residential real estate loans
Residential 1-4 family1,076 1,198 102 22 523 — — 117 3,038 0.16 %
Total real estate1,464 33,294 102 1,302 862 — 15,646 117 52,787 0.48 %
Consumer6 — — 9 — 2 — — 17 — %
Commercial and industrial2,337 67,017 — 441 76 — — — 69,871 3.45 %
Total$3,807 $100,311 $102 $1,752 $938 $2 $15,646 $117 $122,675 0.83 %
December 31, 2023
Combination of Modifications
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyInterest Rate Reduction and Term ExtensionPrincipal Reduction and Interest Rate ReductionTerm Extension and Interest OnlyTerm Extension and Principal Reduction
Post-
Modification
Outstanding
Balance
Percentage of Total Class of Loans Receivable
(Dollars in thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$398 $— $— $1,537 $348 $— $16,023 $— $18,306 0.33 %
Construction/land development— — — 149 — — — — 149 0.01 %
Agricultural— — — — — — — — — — %
Residential real estate loans
Residential 1-4 family560 598 106 59 516 — — 116 1,955 0.11 %
Multifamily residential— — — — — — — — — — %
Total real estate958 598 106 1,745 864 — 16,023 116 20,410 0.20 %
Consumer14 — 1 10 — 5 — — 30 — %
Commercial and industrial2,253 38 42 1,763 74 — — — 4,170 0.18 %
Total$3,225 $636 $149 $3,518 $938 $5 $16,023 $116 $24,610 0.17 %
Presentation of TDR's on Non-Accrual Status
The following table presents the amortized cost basis of loans that had a payment default during the years ended December 31, 2024 and 2023, respectively, and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.
December 31, 2024
Term ExtensionCombination Interest Rate Reduction and Term Extension
(Dollars in thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$— $— 
Construction/land development— — 
Agricultural— — 
Residential real estate loans— 
Residential 1-4 family249 — 
Total real estate249 — 
Consumer5 — 
Commercial and industrial— 2 
Total$254 $2 
December 31, 2023
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyCombination Interest Rate Reduction and Term ExtensionCombination Interest Rate Reduction and Principal ReductionCombination Term Extension and Principal Reduction
(Dollars in thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$— $— $— $— $— $— $— 
Construction/land development— — — — — — — 
Agricultural— — — — — — — 
Residential real estate loans— 
Residential 1-4 family299 105 9 — 328 — 116 
Total real estate299 105 9 — 328 — 116 
Consumer14 — — 29 — 5 — 
Commercial and industrial— — — — — — — 
Total$313 $105 $9 $29 $328 $5 $116 
Summary of Total Foreclosed Assets
The following is a presentation of total foreclosed assets as of December 31, 2024 and 2023:
December 31, 2024December 31, 2023
(In thousands)
Commercial real estate loans
Non-farm/non-residential$28,392 $29,894 
Construction/land development13,391 47 
Residential real estate loans
Residential 1-4 family1,624 545 
Total foreclosed assets held for sale$43,407 $30,486