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Allowance for Credit Losses, Credit Quality and Other (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Balance of Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for the three months ended March 31, 2025:
Three Months Ended March 31, 2025
Construction/
Land
Development 		Other
Commercial
Real Estate 		Residential
Real Estate 		Commercial
& Industrial 		Consumer
& Other 		Total
(In thousands)
Allowance for credit losses:
Beginning balance$52,271 $91,315 $50,835 $49,621 $31,838 $275,880 
Loans charged off— (2,300)(75)(161)(922)(3,458)
Recoveries of loans previously charged off
125 6,160 51 958 228 7,522 
Net loans recovered (charged off)
125 3,860 (24)797 (694)4,064 
Provision for credit losses(4,220)(8,890)2,597 9,704 809 — 
Balance, March 31$48,176 $86,285 $53,408 $60,122 $31,953 $279,944 
The following table presents the activity in the allowance for credit losses for the three months ended March 31, 2024 and the year ended December 31, 2024:
Three Months Ended March 31, 2024 and 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)(1,102)(159)(1,746)(970)(3,978)
Recoveries of loans previously charged off
7 20 19 101 391 538 
Net loans (charged off) recovered
6 (1,082)(140)(1,645)(579)(3,440)
Provision for credit loss - loans2,038 1,575 1,183 (157)861 5,500 
Balance, March 31
35,921 79,128 56,903 91,008 27,334 290,294 
Loans charged off(1,436)(37,030)(6,908)(9,343)(4,341)(59,058)
Recoveries of loans previously charged off
214 39 161 527 803 1,744 
Net loans (charged off) recovered
(1,222)(36,991)(6,747)(8,816)(3,538)(57,314)
Provision for credit loss - loans17,572 49,178 679 (32,571)8,042 42,900 
Balance, December 31
$52,271 $91,315 $50,835 $49,621 $31,838 $275,880 
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 March 31, 2025 and December 31, 2024:
March 31, 2025
NonaccrualNonaccrual
with Reserve		Loans Past Due
Over 90 Days
Still Accruing
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$32,953 $28,358 $226 
Construction/land development2,061 — — 
Agricultural538 — — 
Residential real estate loans
Residential 1-4 family23,510 — 306 
Multifamily residential13,075 — — 
Total real estate72,137 28,358 532 
Consumer6,014 — 11 
Commercial and industrial7,619 — 2,380 
Agricultural & other613 — 341 
Total$86,383 $28,358 $3,264 
 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 
Amortized Cost Basis of Collateral-dependent Impaired Loans
The following table presents the amortized cost basis of impaired 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) by class of loans as of March 31, 2025 and December 31, 2024:
March 31, 2025
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$109,144 $— $— 
Construction/land development2,061 — — 
Agricultural538 — — 
Residential real estate loans
Residential 1-4 family— 25,982 — 
Multifamily residential— 13,074 — 
Total real estate111,743 39,056 — 
Consumer— — 13,997 
Commercial and industrial— — 75,311 
Agricultural & other— — 953 
Total$111,743 $39,056 $90,261 
 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 
Summary of Aging Analysis for Loans Receivable
The following is an aging analysis for loans receivable as of March 31, 2025 and December 31, 2024:
March 31, 2025
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$2,346 $2,018 $33,179 $37,543 $5,551,138 $5,588,681 $226 
Construction/land development2,259 16 2,061 4,336 2,731,424 2,735,760 — 
Agricultural39 21 538 598 334,839 335,437 — 
Residential real estate loans
Residential 1-4 family8,129 2,096 23,816 34,041 1,913,831 1,947,872 306 
Multifamily residential— — 13,075 13,075 563,014 576,089 — 
Total real estate12,773 4,151 72,669 89,593 11,094,246 11,183,839 532 
Consumer7,024 2,471 6,025 15,520 1,212,225 1,227,745 11 
Commercial and industrial2,125 206 9,999 12,330 2,032,706 2,045,036 2,380 
Agricultural & other1,107 32 954 2,093 493,403 495,496 341 
Total$23,029 $6,860 $89,647 $119,536 $14,832,580 $14,952,116 $3,264 
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 $5,034 
Presentation of Classified Loans by Class and Risk Rating
Based on the most recent analysis performed, the risk category of loans by class of loans as of March 31, 2025 and December 31, 2024 is as follows:
March 31, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $320 $— $320 
Risk rating 2— — — — — — — — 
Risk rating 386,681 160,251 359,628 678,743 447,619 1,103,473 289,438 3,125,833 
Risk rating 417,131 115,159 116,893 572,962 311,072 717,639 319,820 2,170,676 
Risk rating 5247 27 921 391 56 7,066 358 9,066 
Risk rating 611,972 33,617 825 35,727 6,386 194,259 — 282,786 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total non-farm/non-residential116,031 309,054 478,267 1,287,823 765,133 2,022,757 609,616 5,588,681 
Construction/land development
Risk rating 1$— $— $— $— $9 $— $— $9 
Risk rating 2— 98 133 — — 149 — 380 
Risk rating 3104,055 977,178 341,364 282,926 42,446 88,460 70,362 1,906,791 
Risk rating 411,849 141,922 115,012 254,824 70,540 26,241 189,381 809,769 
Risk rating 5113 — — 16,269 — — — 16,382 
Risk rating 6— — 108 228 966 1,091 36 2,429 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total construction/land development116,017 1,119,198 456,617 554,247 113,961 115,941 259,779 2,735,760 
Agricultural
Risk rating 1$— $300 $— $1,326 $— $— $— $1,626 
Risk rating 2— 275 237 — 1,063 — — 1,575 
Risk rating 312,194 37,916 32,246 27,919 13,899 57,070 36,237 217,481 
Risk rating 41,618 14,919 10,309 25,044 19,524 33,127 5,515 110,056 
Risk rating 5— — — — — 631 — 631 
Risk rating 6— — — — 1,555 2,329 184 4,068 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural13,812 53,410 42,792 54,289 36,041 93,157 41,936 335,437 
Total commercial real estate loans$245,860 $1,481,662 $977,676 $1,896,359 $915,135 $2,231,855 $911,331 $8,659,878 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $88 $2 $90 
Risk rating 2— — 161 — — 8 3 172 
Risk rating 355,288 166,957 242,543 358,134 183,574 450,056 119,487 1,576,039 
Risk rating 42,576 30,600 11,767 51,296 55,550 83,831 93,929 329,549 
Risk rating 5— — 1,563 2,053 2,141 2,861 1,102 9,720 
Risk rating 6— 864 3,201 9,048 3,175 15,775 239 32,302 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total residential 1-4 family57,864 198,421 259,235 420,531 244,440 552,619 214,762 1,947,872 
March 31, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 3786 2,748 11,439 33,096 39,310 120,662 7,445 215,486 
Risk rating 4818 297 81,149 164,714 8,829 80,107 11,012 346,926 
Risk rating 5— — — — — 241 — 241 
Risk rating 6— — — 12,647 578 211 — 13,436 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential1,604 3,045 92,588 210,457 48,717 201,221 18,457 576,089 
Total real estate$305,328 $1,683,128 $1,329,499 $2,527,347 $1,208,292 $2,985,695 $1,144,550 $11,183,839 
Consumer
Risk rating 1$1,110 $4,355 $2,013 $1,339 $737 $1,535 $1,701 $12,790 
Risk rating 2— — — — — 245 — 245 
Risk rating 375,071 251,914 182,747 177,969 160,834 310,378 1,260 1,160,173 
Risk rating 41,018 15,681 8,718 4,693 1,257 4,960 149 36,476 
Risk rating 5— 7 35 — 208 491 — 741 
Risk rating 6— 49 5,641 4,747 346 6,519 15 17,317 
Risk rating 7— — 2 — — — — 2 
Risk rating 8— — 1 — — — — 1 
Total consumer77,199 272,006 199,157 188,748 163,382 324,128 3,125 1,227,745 
Commercial and industrial
Risk rating 1$169 $5,168 $400 $551 $364 $20,852 $12,232 $39,736 
Risk rating 2— 46 119 408 10 18 2,495 3,096 
Risk rating 358,888 139,000 547,790 222,608 55,154 275,964 212,519 1,511,923 
Risk rating 47,041 51,866 27,609 25,931 37,025 56,633 190,139 396,244 
Risk rating 5— — 119 175 4,669 85 1,894 6,942 
Risk rating 6— 46,540 4,190 3,955 9,664 3,955 18,787 87,091 
Risk rating 7— — — — — — — — 
Risk rating 8— — 1 1 — 2 — 4 
Total commercial and industrial66,098 242,620 580,228 253,629 106,886 357,509 438,066 2,045,036 
Agricultural and other
Risk rating 1$102 $649 $354 $— $16 $100 $571 $1,792 
Risk rating 24 145 261 23 — — 696 1,129 
Risk rating 316,713 43,048 13,579 37,256 24,615 39,294 149,238 323,743 
Risk rating 440,282 11,740 1,822 3,497 5,806 27,624 74,377 165,148 
Risk rating 5— — — 1,679 618 558 2 2,857 
Risk rating 6— — 3 312 39 385 88 827 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other57,101 55,582 16,019 42,767 31,094 67,961 224,972 495,496 
Total$505,726 $2,253,336 $2,124,903 $3,012,491 $1,509,654 $3,735,293 $1,810,713 $14,952,116 
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $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 1$6,417 $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 $14,764,500 
The following table presents gross write-offs by origination date as of March 31, 2025 and December 31, 2024.
March 31, 2025
Gross Loan Write-Offs by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $— $47 $5 $2,248 $— $2,300 
Construction/land development— — — — — — — — 
Agricultural— — — — — — — — 
Residential real estate loans
Residential 1-4 family— — 38 — — 37 — 75 
Total real estate— — 38 47 5 2,285 — 2,375 
Consumer— 27 63 30 6 64 40 230 
Commercial and industrial— — 15 1 — 145 — 161 
Agricultural & other692 *— — — — — — 692 
Total$692 $27 $116 $78 $11 $2,494 $40 $3,458 
*The 2025 write-off consists entirely of overdrafts.
December 31, 2024
Gross Loan Write-Offs by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $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 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 March 31, 2025 and December 31, 2024.
March 31, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Performing$116,031 $277,146 $477,442 $1,253,353 $762,756 $1,983,193 $609,616 $5,479,537 
Non-performing— 31,908 825 34,470 2,377 39,564 — 109,144 
Total non-farm/non-residential
116,031 309,054 478,267 1,287,823 765,133 2,022,757 609,616 5,588,681 
Construction/land development
Performing$116,017 $1,119,138 $456,509 $554,019 $113,237 $115,036 $259,743 $2,733,699 
Non-performing— 60 108 228 724 905 36 2,061 
Total construction/ land development
116,017 1,119,198 456,617 554,247 113,961 115,941 259,779 2,735,760 
Agricultural
Performing$13,812 $53,410 $42,792 $54,289 $36,041 $92,803 $41,752 $334,899 
Non-performing— — — — — 354 184 538 
Total agricultural13,812 53,410 42,792 54,289 36,041 93,157 41,936 335,437 
Total commercial real estate loans
$245,860 $1,481,662 $977,676 $1,896,359 $915,135 $2,231,855 $911,331 $8,659,878 
Residential real estate loans
Residential 1-4 family
Performing$57,864 $197,574 $256,092 $414,677 $241,331 $539,699 $214,653 $1,921,890 
Non-performing— 847 3,143 5,854 3,109 12,920 109 25,982 
Total residential 1-4 family
57,864 198,421 259,235 420,531 244,440 552,619 214,762 1,947,872 
Multifamily residential
Performing$1,604 $3,045 $92,588 $197,961 $48,139 $201,221 $18,457 $563,015 
Non-performing— — — 12,496 578 — — 13,074 
Total multifamily residential
1,604 3,045 92,588 210,457 48,717 201,221 18,457 576,089 
Total real estate$305,328 $1,683,128 $1,329,499 $2,527,347 $1,208,292 $2,985,695 $1,144,550 $11,183,839 
Consumer
Performing$77,199 $271,981 $193,548 $186,651 $163,269 $317,981 $3,119 $1,213,748 
Non-performing— 25 5,609 2,097 113 6,147 6 13,997 
Total consumer77,199 272,006 199,157 188,748 163,382 324,128 3,125 1,227,745 
Commercial and industrial
Performing$66,098 $196,112 $577,322 $249,938 $105,277 $354,022 $420,956 $1,969,725 
Non-performing— 46,508 2,906 3,691 1,609 3,487 17,110 75,311 
Total commercial and industrial66,098 242,620 580,228 253,629 106,886 357,509 438,066 2,045,036 
Agricultural and other
Performing$57,101 $55,582 $16,016 $42,455 $31,055 $67,409 $224,925 $494,543 
Non-performing— — 3 312 39 552 47 953 
Total agricultural and other57,101 55,582 16,019 42,767 31,094 67,961 224,972 495,496 
Total$505,726 $2,253,336 $2,124,903 $3,012,491 $1,509,654 $3,735,293 $1,810,713 $14,952,116 



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
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
Performing$963,903 $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 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
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 
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 March 31, 2025 and December 31, 2024. 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.
March 31, 2025
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 ReductionPost-
Modification
Outstanding
Balance		Percentage of Total Class of Loans Receivable
(In thousands)
Real estate:
Commercial real estate loans
    Non-farm/non-residential$385 $31,926 $— $1,175 $337 $— $15,423 $— $49,246 0.88 %
    Construction/land development— — — 47 — — — — 47 — 
Residential real estate loans
    Residential 1-4 family1,063 1,194 101 21 1,476 — — 116 3,971 0.20 
Total real estate1,448 33,120 101 1,243 1,813 — 15,423 116 53,264 0.48 
Consumer6 2,964 1 8 — 1 — — 2,980 0.24 
Commercial and industrial2,371 63,049 — 441 75 — — — 65,936 3.22 
Total$3,825 $99,133 $102 $1,692 $1,888 $1 $15,423 $116 $122,180 0.82 %
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 ReductionPost-
Modification
Outstanding
Balance		Percentage of Total Class of Loans Receivable
(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 $122,675 0.83 %
Presentation of TDR's on Non-Accrual Status
The following table presents the amortized cost basis of loans that had a payment default during the three months ended March 31, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.
March 31, 2025
Term ExtensionCombination Interest Rate Reduction and Term Extension
(Dollars in thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— 
Residential real estate loans
Residential 1-4 family241 959 
Total real estate241 959 
Consumer6 — 
Commercial and industrial— 1 
Total$247 $960 
Summary of Total Foreclosed Assets
The following is a presentation of total foreclosed assets as of March 31, 2025 and December 31, 2024:
March 31, 2025December 31, 2024
(In thousands)
Commercial real estate loans
Non-farm/non-residential$23,417 $28,392 
Construction/land development14,909 13,391 
Residential real estate loans
Residential 1-4 family1,354 1,624 
Total foreclosed assets held for sale$39,680 $43,407