XML 49 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Allowance for Credit Losses, Credit Quality and Other (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Balance of Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for the three and six months ended June 30, 2025:
Three Months Ended June 30, 2025
Construction/
Land
Development 		Other
Commercial
Real Estate 		Residential
Real Estate 		Commercial
& Industrial 		Consumer
& Other 		Total
(In thousands)
Allowance for credit losses:
Beginning balance$48,176 $86,285 $53,408 $60,122 $31,953 $279,944 
Loans charged off(70)(19)(54)(2,369)(1,559)(4,071)
Recoveries of loans previously charged off
416 1,629 12 615 324 2,996 
Net loans recovered (charged off)
346 1,610 (42)(1,754)(1,235)(1,075)
Provision for credit losses(1,781)(3,616)4,606 2,213 1,578 3,000 
Balance, June 30$46,741 $84,279 $57,972 $60,581 $32,296 $281,869 
Six Months Ended June 30, 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(70)(2,319)(129)(2,530)(2,481)(7,529)
Recoveries of loans previously charged off541 7,789 63 1,573 552 10,518 
Net loans recovered (charged off)471 5,470 (66)(957)(1,929)2,989 
Provision for credit losses(6,001)(12,506)7,203 11,917 2,387 3,000 
Balance, June 30$46,741 $84,279 $57,972 $60,581 $32,296 $281,869 
The following table presents the activity in the allowance for credit losses for the three and six months ended June 30, 2024 and the year ended December 31, 2024:
Three Months Ended June 30, 2024
Construction/
Land
Development 		Other
Commercial
Real Estate 		Residential
Real Estate 		Commercial
& Industrial 		Consumer
& Other 		Total
(In thousands)
Allowance for credit losses:
Beginning balance$35,921 $79,128 $56,903 $91,008 $27,334 $290,294 
Loans charged off(80)(62)(59)(2,013)(884)(3,098)
Recoveries of loans previously charged off82 5 76 259 238 660 
Net loans recovered (charged off)2 (57)17 (1,754)(646)(2,438)
Provision for credit losses22,750 7,771 (5,566)(19,619)2,664 8,000 
Balance, June 30$58,673 $86,842 $51,354 $69,635 $29,352 $295,856 
Six Months Ended June 30, 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(81)(1,164)(218)(3,759)(1,854)(7,076)
Recoveries of loans previously charged off
89 25 95 360 629 1,198 
Net loans (charged off) recovered
8 (1,139)(123)(3,399)(1,225)(5,878)
Provision for credit loss - loans24,788 9,346 (4,383)(19,776)3,525 13,500 
Balance, June 30
58,673 86,842 51,354 69,635 29,352 295,856 
Loans charged off(1,356)(36,968)(6,849)(7,330)(3,457)(55,960)
Recoveries of loans previously charged off
132 34 85 268 565 1,084 
Net loans (charged off) recovered
(1,224)(36,934)(6,764)(7,062)(2,892)(54,876)
Provision for credit loss - loans(5,178)41,407 6,245 (12,952)5,378 34,900 
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 June 30, 2025 and December 31, 2024:
June 30, 2025
NonaccrualNonaccrual
with Reserve		Loans Past Due
Over 90 Days
Still Accruing
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$34,317 $27,953 $1,657 
Construction/land development1,553 — 209 
Agricultural519 — — 
Residential real estate loans
Residential 1-4 family22,372 — 3,459 
Multifamily residential13,468 — — 
Total real estate72,229 27,953 5,325 
Consumer12,042 4,981 34 
Commercial and industrial4,030 — 1,672 
Agricultural & other960 — — 
Total$89,261 $32,934 $7,031 
 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 June 30, 2025 and December 31, 2024:
June 30, 2025
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$111,757 $— $— 
Construction/land development1,762 — — 
Agricultural519 — — 
Residential real estate loans
Residential 1-4 family— 27,830 — 
Multifamily residential— 13,468 — 
Total real estate114,038 41,298 — 
Consumer— — 15,044 
Commercial and industrial— — 74,855 
Agricultural & other— — 960 
Total$114,038 $41,298 $90,859 
 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 June 30, 2025 and December 31, 2024:
June 30, 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$1,836 $2,760 $35,974 $40,570 $5,512,612 $5,553,182 $1,657 
Construction/land development1,745 393 1,762 3,900 2,691,661 2,695,561 209 
Agricultural124 — 519 643 315,283 315,926 — 
Residential real estate loans
Residential 1-4 family2,199 6,852 25,831 34,882 2,104,108 2,138,990 3,459 
Multifamily residential— — 13,468 13,468 606,971 620,439 — 
Total real estate5,904 10,005 77,554 93,463 11,230,635 11,324,098 5,325 
Consumer2,725 22 12,076 14,823 1,204,011 1,218,834 34 
Commercial and industrial7,186 1,558 5,702 14,446 2,092,880 2,107,326 1,672 
Agricultural & other1,359 744 960 3,063 527,303 530,366 — 
Total$17,174 $12,329 $96,292 $125,795 $15,054,829 $15,180,624 $7,031 
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 $5,034 
Presentation of Classified Loans by Class and Risk Rating
Based on the most recent analysis performed, the risk category of loans by class of loans as of June 30, 2025 and December 31, 2024 is as follows:
June 30, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $315 $— $315 
Risk rating 2— — — — — — — — 
Risk rating 3181,855 188,212 331,843 667,871 442,461 1,038,018 337,357 3,187,617 
Risk rating 434,865 117,778 91,161 561,167 304,007 642,530 313,622 2,065,130 
Risk rating 5244 26 914 13,840 55 24,537 400 40,016 
Risk rating 611,976 33,486 825 36,142 6,366 171,309 — 260,104 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total non-farm/non-residential228,940 339,502 424,743 1,279,020 752,889 1,876,709 651,379 5,553,182 
Construction/land development
Risk rating 1$— $— $— $— $9 $— $— $9 
Risk rating 2— 96 132 — — 140 — 368 
Risk rating 3279,491 1,021,667 237,518 233,322 31,614 69,283 74,028 1,946,923 
Risk rating 427,146 158,290 125,397 180,016 29,132 24,430 185,616 730,027 
Risk rating 5— — 209 16,057 — — — 16,266 
Risk rating 6— — 169 407 469 889 34 1,968 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total construction/land development306,637 1,180,053 363,425 429,802 61,224 94,742 259,678 2,695,561 
Agricultural
Risk rating 1$— $— $— $1,259 $— $— $— $1,259 
Risk rating 2— 273 235 — 1,047 — — 1,555 
Risk rating 316,830 36,372 19,645 26,985 12,453 50,162 35,434 197,881 
Risk rating 43,939 14,882 10,295 24,584 19,068 33,699 5,746 112,213 
Risk rating 5— — — — — 57 — 57 
Risk rating 6— — — — 1,531 1,251 179 2,961 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural20,769 51,527 30,175 52,828 34,099 85,169 41,359 315,926 
Total commercial real estate loans$556,346 $1,571,082 $818,343 $1,761,650 $848,212 $2,056,620 $952,416 $8,564,669 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $86 $2 $88 
Risk rating 2— — 159 — — 4 5 168 
Risk rating 3170,866 179,139 253,380 368,100 181,530 435,336 115,879 1,704,230 
Risk rating 48,263 37,352 12,805 61,352 100,292 81,644 93,011 394,719 
Risk rating 5— — 362 1,569 697 3,256 1,079 6,963 
Risk rating 652 954 3,014 8,379 5,236 14,717 470 32,822 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total residential 1-4 family179,181 217,445 269,720 439,400 287,755 535,043 210,446 2,138,990 
June 30, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 31,980 19,185 71,511 32,937 34,622 111,901 7,017 279,153 
Risk rating 4904 294 99,624 124,382 6,908 57,248 7,871 297,231 
Risk rating 5— — — — — 240 — 240 
Risk rating 6— — — 42,170 561 1,084 — 43,815 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential2,884 19,479 171,135 199,489 42,091 170,473 14,888 620,439 
Total real estate$738,411 $1,808,006 $1,259,198 $2,400,539 $1,178,058 $2,762,136 $1,177,750 $11,324,098 
Consumer
Risk rating 1$2,526 $3,813 $1,810 $1,184 $492 $1,278 $1,913 $13,016 
Risk rating 24 — — — — 234 — 238 
Risk rating 3134,879 238,456 163,987 168,979 151,492 290,763 1,147 1,149,703 
Risk rating 43,013 17,260 3,659 4,746 2,223 6,094 125 37,120 
Risk rating 5— 6 31 3 206 900 20 1,166 
Risk rating 6— 1,028 7,194 2,183 332 5,707 5 16,449 
Risk rating 7— — 1 — — — — 1 
Risk rating 8— — 1 1,140 — — — 1,141 
Total consumer140,422 260,563 176,683 178,235 154,745 304,976 3,210 1,218,834 
Commercial and industrial
Risk rating 1$1,693 $5,053 $341 $518 $801 $20,747 $12,813 $41,966 
Risk rating 27 45 94 373 1 17 2,989 3,526 
Risk rating 381,086 121,262 498,622 175,913 51,413 244,792 244,216 1,417,304 
Risk rating 413,958 66,632 69,310 59,219 33,718 74,264 203,527 520,628 
Risk rating 5— 38 170 73 26,724 935 9,837 37,777 
Risk rating 6787 46,094 3,559 837 8,714 2,795 22,985 85,771 
Risk rating 7— — — — — — — — 
Risk rating 8— — 1 1 352 — — 354 
Total commercial and industrial97,531 239,124 572,097 236,934 121,723 343,550 496,367 2,107,326 
Agricultural and other
Risk rating 1$178 $600 $351 $— $16 $100 $622 $1,867 
Risk rating 2128 145 258 23 — — 1,131 1,685 
Risk rating 331,088 36,677 4,984 36,282 24,052 37,548 147,889 318,520 
Risk rating 454,839 9,910 2,833 3,357 5,345 26,625 101,599 204,508 
Risk rating 5— — — 1,529 505 498 — 2,532 
Risk rating 6— 311 119 355 60 319 90 1,254 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other86,233 47,643 8,545 41,546 29,978 65,090 251,331 530,366 
Total$1,062,597 $2,355,336 $2,016,523 $2,857,254 $1,484,504 $3,475,752 $1,928,658 $15,180,624 
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $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 $14,764,500 
The following table presents gross write-offs by origination date as of June 30, 2025 and December 31, 2024.
June 30, 2025
Gross Loan Write-Offs by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $5 $— $47 $5 $2,262 $— $2,319 
Construction/land development— — 11 — 41 18 — 70 
Agricultural— — — — — — — — 
Residential real estate loans
Residential 1-4 family— — 38 27 — 43 21 129 
Total real estate— 5 49 74 46 2,323 21 2,518 
Consumer— 42 165 452 26 289 41 1,015 
Commercial and industrial— 15 974 359 453 617 112 2,530 
Agricultural & other1,464 *— — — — 2 — 1,466 
Total$1,464 $62 $1,188 $885 $525 $3,231 $174 $7,529 
*The 2025 write-off consists entirely of overdrafts.
December 31, 2024
Gross Loan Write-Offs by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $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 consist 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 June 30, 2025 and December 31, 2024.
June 30, 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$228,940 $306,016 $423,918 $1,244,367 $750,513 $1,836,302 $651,369 $5,441,425 
Non-performing— 33,486 825 34,653 2,376 40,407 10 111,757 
Total non-farm/non-residential
228,940 339,502 424,743 1,279,020 752,889 1,876,709 651,379 5,553,182 
Construction/land development
Performing$306,637 $1,179,902 $363,047 $429,475 $61,039 $94,055 $259,644 $2,693,799 
Non-performing— 151 378 327 185 687 34 1,762 
Total construction/ land development
306,637 1,180,053 363,425 429,802 61,224 94,742 259,678 2,695,561 
Agricultural
Performing$20,769 $51,527 $30,175 $52,828 $34,099 $84,829 $41,180 $315,407 
Non-performing— — — — — 340 179 519 
Total agricultural20,769 51,527 30,175 52,828 34,099 85,169 41,359 315,926 
Total commercial real estate loans
$556,346 $1,571,082 $818,343 $1,761,650 $848,212 $2,056,620 $952,416 $8,564,669 
Residential real estate loans
Residential 1-4 family
Performing$179,181 $216,506 $266,528 $433,532 $282,879 $522,458 $210,076 $2,111,160 
Non-performing— 939 3,192 5,868 4,876 12,585 370 27,830 
Total residential 1-4 family
179,181 217,445 269,720 439,400 287,755 535,043 210,446 2,138,990 
Multifamily residential
Performing$2,884 $19,479 $171,135 $187,467 $41,530 $169,588 $14,888 $606,971 
Non-performing— — — 12,022 561 885 — 13,468 
Total multifamily residential
2,884 19,479 171,135 199,489 42,091 170,473 14,888 620,439 
Total real estate$738,411 $1,808,006 $1,259,198 $2,400,539 $1,178,058 $2,762,136 $1,177,750 $11,324,098 
Consumer
Performing$140,422 $259,557 $170,845 $175,699 $154,468 $299,614 $3,185 $1,203,790 
Non-performing— 1,006 5,838 2,536 277 5,362 25 15,044 
Total consumer140,422 260,563 176,683 178,235 154,745 304,976 3,210 1,218,834 
Commercial and industrial
Performing$96,744 $193,118 $569,059 $236,422 $120,589 $341,179 $475,360 $2,032,471 
Non-performing787 46,006 3,038 512 1,134 2,371 21,007 74,855 
Total commercial and industrial97,531 239,124 572,097 236,934 121,723 343,550 496,367 2,107,326 
Agricultural and other
Performing$86,233 $47,643 $8,544 $41,234 $29,907 $64,568 $251,277 $529,406 
Non-performing— — 1 312 71 522 54 960 
Total agricultural and other86,233 47,643 8,545 41,546 29,978 65,090 251,331 530,366 
Total$1,062,597 $2,355,336 $2,016,523 $2,857,254 $1,484,504 $3,475,752 $1,928,658 $15,180,624 



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 June 30, 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.
June 30, 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$383 $31,869 $— $1,117 $335 $— $15,203 $— $48,907 0.88 %
    Construction/land development— — — 42 — — — — 42 — 
Residential real estate loans
    Residential 1-4 family1,053 1,016 101 21 1,686 — — 115 3,992 0.19 
Total real estate1,436 32,885 101 1,180 2,021 — 15,203 115 52,941 0.47 
Consumer6 2,952 1 — — 1 — — 2,960 0.24 
Commercial and industrial2,398 64,415 — 358 74 — — — 67,245 3.19 
Total$3,840 $100,252 $102 $1,538 $2,095 $1 $15,203 $115 $123,146 0.81 %
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 $122,675 0.83 %
Presentation of TDR's on Non-Accrual Status
The following table presents the amortized cost basis of loans that had a payment default during the six months ended June 30, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.
June 30, 2025
Combination Interest Rate Reduction and Term Extension
(Dollars in thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— 
Residential real estate loans
Residential 1-4 family1,173 
Total real estate1,173 
Consumer— 
Commercial and industrial1 
Total$1,174 
Summary of Total Foreclosed Assets
The following is a presentation of total foreclosed assets as of June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
(In thousands)
Commercial real estate loans
Non-farm/non-residential$24,167 $28,392 
Construction/land development16,681 13,391 
Residential real estate loans
Residential 1-4 family681 1,624 
Total foreclosed assets held for sale$41,529 $43,407