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Allowance for Credit Losses, Credit Quality and Other (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2025:
Three Months Ended September 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$46,741 $84,279 $57,972 $60,581 $32,296 $281,869 
Loans charged off— (84)(240)(2,821)(1,506)(4,651)
Recoveries of loans previously charged off
2 711 149 653 216 1,731 
Net loans recovered (charged off)
2 627 (91)(2,168)(1,290)(2,920)
Provision for credit losses670 (3,406)4,903 2,632 1,901 6,700 
Balance, September 30$47,413 $81,500 $62,784 $61,045 $32,907 $285,649 
Nine Months Ended September 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)(2,403)(369)(5,351)(3,987)(12,180)
Recoveries of loans previously charged off543 8,500 212 2,226 768 12,249 
Net loans recovered (charged off)473 6,097 (157)(3,125)(3,219)69 
Provision for credit losses(5,331)(15,912)12,106 14,549 4,288 9,700 
Balance, September 30$47,413 $81,500 $62,784 $61,045 $32,907 $285,649 
The following table presents the activity in the allowance for credit losses for the three and nine months ended September 30, 2024 and the year ended December 31, 2024:
Three Months Ended September 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$58,673 $86,842 $51,354 $69,635 $29,352 $295,856 
Loans charged off— — (42)(741)(1,218)(2,001)
Recoveries of loans previously charged off7 34 54 143 281 519 
Net loans recovered (charged off)7 34 12 (598)(937)(1,482)
Provision for credit losses4,718 9,799 8,059 (8,434)4,058 18,200 
Balance, September 30$63,398 $96,675 $59,425 $60,603 $32,473 $312,574 
Nine Months Ended September 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)(260)(4,500)(3,072)(9,077)
Recoveries of loans previously charged off
96 59 149 503 910 1,717 
Net loans (charged off) recovered
15 (1,105)(111)(3,997)(2,162)(7,360)
Provision for credit loss - loans29,506 19,145 3,676 (28,210)7,583 31,700 
Balance, September 30
63,398 96,675 59,425 60,603 32,473 312,574 
Loans charged off(1,356)(36,968)(6,807)(6,589)(2,239)(53,959)
Recoveries of loans previously charged off
125 — 31 125 284 565 
Net loans (charged off) recovered
(1,231)(36,968)(6,776)(6,464)(1,955)(53,394)
Provision for credit loss - loans(9,896)31,608 (1,814)(4,518)1,320 16,700 
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 September 30, 2025 and December 31, 2024:
September 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$22,301 $14,978 $1,136 
Construction/land development3,418 — — 
Agricultural497 — — 
Residential real estate loans
Residential 1-4 family25,547 — 1,529 
Multifamily residential12,907 12,022 — 
Total real estate64,670 27,000 2,665 
Consumer10,798 4,981 4 
Commercial and industrial4,349 — 1,456 
Agricultural & other1,270 — — 
Total$81,087 $31,981 $4,125 
 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 September 30, 2025 and December 31, 2024:
September 30, 2025
Commercial
Real Estate		Residential
Real Estate		Other
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential$99,004 $— $— 
Construction/land development3,418 — — 
Agricultural498 — — 
Residential real estate loans
Residential 1-4 family— 29,673 — 
Multifamily residential— 12,907 — 
Total real estate102,920 42,580 — 
Consumer— — 13,752 
Commercial and industrial— — 65,358 
Agricultural & other— — 1,270 
Total$102,920 $42,580 $80,380 
 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 September 30, 2025 and December 31, 2024:
September 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$5,581 $1,101 $23,437 $30,119 $5,464,373 $5,494,492 $1,136 
Construction/land development2,467 413 3,418 6,298 2,702,899 2,709,197 — 
Agricultural55 — 497 552 330,749 331,301 — 
Residential real estate loans
Residential 1-4 family999 7,864 27,076 35,939 2,106,436 2,142,375 1,529 
Multifamily residential— — 12,907 12,907 703,688 716,595 — 
Total real estate9,102 9,378 67,335 85,815 11,308,145 11,393,960 2,665 
Consumer741 14 10,802 11,557 1,221,966 1,233,523 4 
Commercial and industrial1,459 594 5,805 7,858 2,092,410 2,100,268 1,456 
Agricultural & other1,083 71 1,270 2,424 555,797 558,221 — 
Total$12,385 $10,057 $85,212 $107,654 $15,178,318 $15,285,972 $4,125 
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 $5,034 
Presentation of Classified Loans by Class and Risk Rating
Based on the most recent analysis performed, the risk category of loans by class of loans as of September 30, 2025 and December 31, 2024 is as follows:
September 30, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $309 $136 $445 
Risk rating 2— — — — — — — — 
Risk rating 3348,792 204,769 330,245 651,052 429,947 1,000,935 255,141 3,220,881 
Risk rating 475,032 128,424 91,769 557,970 281,611 638,385 238,978 2,012,169 
Risk rating 5243 26 535 13,425 54 23,006 400 37,689 
Risk rating 611,979 33,456 1,738 40,800 6,540 127,461 — 221,974 
Risk rating 7— — 825 — — — — 825 
Risk rating 8— — — — 509 — — 509 
Total non-farm/non-residential436,046 366,675 425,112 1,263,247 718,661 1,790,096 494,655 5,494,492 
Construction/land development
Risk rating 1$— $— $— $— $9 $— $— $9 
Risk rating 2136 95 131 — — 130 — 492 
Risk rating 3435,575 947,632 207,583 179,940 29,750 62,505 67,375 1,930,360 
Risk rating 448,408 177,468 140,473 200,466 24,604 21,923 142,278 755,620 
Risk rating 5— 2,298 — 16,039 — — — 18,337 
Risk rating 6— 1,681 281 405 967 1,045 — 4,379 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total construction/land development484,119 1,129,174 348,468 396,850 55,330 85,603 209,653 2,709,197 
Agricultural
Risk rating 1$— $— $— $1,204 $— $— $— $1,204 
Risk rating 2— 272 233 — 1,030 — — 1,535 
Risk rating 324,124 34,662 18,408 25,398 12,516 48,338 50,234 213,680 
Risk rating 410,434 14,785 10,288 24,219 18,965 27,246 5,952 111,889 
Risk rating 5— — — — — 54 — 54 
Risk rating 6— — — — 1,531 1,234 174 2,939 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural34,558 49,719 28,929 50,821 34,042 76,872 56,360 331,301 
Total commercial real estate loans$954,723 $1,545,568 $802,509 $1,710,918 $808,033 $1,952,571 $760,668 $8,534,990 
Residential real estate loans
Residential 1-4 family
Risk rating 1$— $— $— $— $— $85 $1 $86 
Risk rating 2— — 158 — — 2 1 161 
Risk rating 3239,934 177,555 246,653 360,167 174,195 411,783 112,944 1,723,231 
Risk rating 411,589 35,743 15,823 54,433 101,407 74,661 82,717 376,373 
Risk rating 5— — 362 1,394 971 4,976 101 7,804 
Risk rating 652 1,292 3,969 8,890 5,595 14,466 455 34,719 
Risk rating 7— — — — — — — — 
Risk rating 8— — — 1 — — — 1 
Total residential 1-4 family251,575 214,590 266,965 424,885 282,168 505,973 196,219 2,142,375 
September 30, 2025
Term Loans Amortized Cost Basis by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Multifamily residential
Risk rating 1$— $— $— $— $— $— $— $— 
Risk rating 2— — — — — — — — 
Risk rating 38,757 32,076 65,062 93,737 29,882 106,745 6,408 342,667 
Risk rating 4900 666 104,766 79,191 10,853 58,060 29,844 284,280 
Risk rating 5— — — 44,522 509 1,522 — 46,553 
Risk rating 6— — — 42,022 — 1,073 — 43,095 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total multifamily residential9,657 32,742 169,828 259,472 41,244 167,400 36,252 716,595 
Total real estate$1,215,955 $1,792,900 $1,239,302 $2,395,275 $1,131,445 $2,625,944 $993,139 $11,393,960 
Consumer
Risk rating 1$4,000 $3,430 $1,533 $1,112 $501 $1,221 $1,969 $13,766 
Risk rating 23 — — — — 225 — 228 
Risk rating 3202,067 227,996 157,682 161,249 143,970 272,885 1,066 1,166,915 
Risk rating 43,105 16,907 3,422 5,328 1,930 5,468 123 36,283 
Risk rating 52 — 24 466 203 1,167 — 1,862 
Risk rating 625 1,029 5,820 855 256 5,337 4 13,326 
Risk rating 7— — 1 — — — — 1 
Risk rating 8— 1 1 1,140 — — — 1,142 
Total consumer209,202 249,363 168,483 170,150 146,860 286,303 3,162 1,233,523 
Commercial and industrial
Risk rating 1$1,920 $3,424 $313 $467 $717 $20,737 $14,577 $42,155 
Risk rating 2— 44 79 309 — 16 3,331 3,779 
Risk rating 3310,612 104,236 411,124 130,951 42,793 230,504 279,093 1,509,313 
Risk rating 435,670 59,717 58,177 46,197 24,171 71,113 167,859 462,904 
Risk rating 5— 19 58 66 4,631 1,016 1,188 6,978 
Risk rating 6787 40,721 483 830 8,473 2,522 20,200 74,016 
Risk rating 7— — — — — — — — 
Risk rating 8— — 2 — 352 — 769 1,123 
Total commercial and industrial348,989 208,161 470,236 178,820 81,137 325,908 487,017 2,100,268 
Agricultural and other
Risk rating 1$238 $577 $347 $— $16 $97 $921 $2,196 
Risk rating 2312 145 255 23 — — 2,377 3,112 
Risk rating 334,832 31,167 4,628 35,427 23,609 36,662 160,944 327,269 
Risk rating 468,750 8,982 1,253 3,138 5,003 25,930 109,031 222,087 
Risk rating 5— — — 1,376 392 — 44 1,812 
Risk rating 6— 297 109 355 39 836 109 1,745 
Risk rating 7— — — — — — — — 
Risk rating 8— — — — — — — — 
Total agricultural and other104,132 41,168 6,592 40,319 29,059 63,525 273,426 558,221 
Total$1,878,278 $2,291,592 $1,884,613 $2,784,564 $1,388,501 $3,301,680 $1,756,744 $15,285,972 
December 31, 2024
Term Loans Amortized Cost Basis by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate:
Commercial real estate loans
Non-farm/non-residential
Risk rating 1$— $— $— $— $— $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 $14,764,500 
The following table presents gross write-offs by origination date as of September 30, 2025 and December 31, 2024.
September 30, 2025
Gross Loan Write-Offs by Origination Year
20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $5 $— $47 $87 $2,264 $— $2,403 
Construction/land development— — 11 — 41 18 — 70 
Agricultural— — — — — — — — 
Residential real estate loans
Residential 1-4 family— — 38 202 — 108 21 369 
Total real estate— 5 49 249 128 2,390 21 2,842 
Consumer219 *54 310 616 279 292 61 1,831 
Commercial and industrial— 15 2,198 636 1,137 654 711 5,351 
Agricultural & other2,154 *— — — — 2 — 2,156 
Total$2,373 $74 $2,557 $1,501 $1,544 $3,338 $793 $12,180 
*The 2025 write-off primarily consists of overdrafts.
December 31, 2024
Gross Loan Write-Offs by Origination Year
20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
(In thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— $— $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 September 30, 2025 and December 31, 2024.
September 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$436,046 $333,219 $424,287 $1,227,721 $716,367 $1,763,193 $494,655 $5,395,488 
Non-performing— 33,456 825 35,526 2,294 26,903 — 99,004 
Total non-farm/non-residential
436,046 366,675 425,112 1,263,247 718,661 1,790,096 494,655 5,494,492 
Construction/land development
Performing$484,119 $1,127,493 $348,267 $396,524 $54,962 $84,761 $209,653 $2,705,779 
Non-performing— 1,681 201 326 368 842 — 3,418 
Total construction/ land development
484,119 1,129,174 348,468 396,850 55,330 85,603 209,653 2,709,197 
Agricultural
Performing$34,558 $49,719 $28,929 $50,821 $34,042 $76,548 $56,186 $330,803 
Non-performing— — — — — 324 174 498 
Total agricultural34,558 49,719 28,929 50,821 34,042 76,872 56,360 331,301 
Total commercial real estate loans
$954,723 $1,545,568 $802,509 $1,710,918 $808,033 $1,952,571 $760,668 $8,534,990 
Residential real estate loans
Residential 1-4 family
Performing$251,575 $213,176 $262,457 $419,241 $276,722 $493,667 $195,864 $2,112,702 
Non-performing— 1,414 4,508 5,644 5,446 12,306 355 29,673 
Total residential 1-4 family
251,575 214,590 266,965 424,885 282,168 505,973 196,219 2,142,375 
Multifamily residential
Performing$9,657 $32,742 $169,828 $247,450 $41,244 $166,515 $36,252 $703,688 
Non-performing— — — 12,022 — 885 — 12,907 
Total multifamily residential
9,657 32,742 169,828 259,472 41,244 167,400 36,252 716,595 
Total real estate$1,215,955 $1,792,900 $1,239,302 $2,395,275 $1,131,445 $2,625,944 $993,139 $11,393,960 
Consumer
Performing$209,169 $248,356 $162,674 $168,196 $146,813 $281,405 $3,158 $1,219,771 
Non-performing33 1,007 5,809 1,954 47 4,898 4 13,752 
Total consumer209,202 249,363 168,483 170,150 146,860 286,303 3,162 1,233,523 
Commercial and industrial
Performing$348,202 $167,654 $470,006 $178,258 $80,042 $323,742 $467,006 $2,034,910 
Non-performing787 40,507 230 562 1,095 2,166 20,011 65,358 
Total commercial and industrial348,989 208,161 470,236 178,820 81,137 325,908 487,017 2,100,268 
Agricultural and other
Performing$104,132 $40,996 $6,483 $40,007 $29,009 $62,975 $273,349 $556,951 
Non-performing— 172 109 312 50 550 77 1,270 
Total agricultural and other104,132 41,168 6,592 40,319 29,059 63,525 273,426 558,221 
Total$1,878,278 $2,291,592 $1,884,613 $2,784,564 $1,388,501 $3,301,680 $1,756,744 $15,285,972 



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 September 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.
September 30, 2025
Combination of Modifications
Term ExtensionInterest Rate ReductionPrincipal ReductionInterest OnlyInterest Rate Reduction and Term ExtensionTerm 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$381 $31,869 $— $1,058 $332 $14,978 $— $48,618 0.88 %
    Construction/land development— — — 38 — — — 38 — 
Residential real estate loans
    Residential 1-4 family1,044 965 100 21 1,725 — 114 3,969 0.19 
Total real estate1,425 32,834 100 1,117 2,057 14,978 114 52,625 0.46 
Consumer— 2,938 1 — — — — 2,939 0.24 
Commercial and industrial61 59,497 — 358 74 — — 59,990 2.86 
Total$1,486 $95,269 $101 $1,475 $2,131 $14,978 $114 $115,554 0.76 %
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 $122,675 0.83 %
Presentation of TDR's on Non-Accrual Status
The following table presents the amortized cost basis of loans that had a payment default during the nine months ended September 30, 2025 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.
September 30, 2025
Combination Interest Rate Reduction and Term Extension
(Dollars in thousands)
Real estate
Commercial real estate loans
Non-farm/non-residential$— 
Residential real estate loans
Residential 1-4 family86 
Total real estate86 
Consumer— 
Commercial and industrial— 
Total$86 
Summary of Total Foreclosed Assets
The following is a presentation of total foreclosed assets as of September 30, 2025 and December 31, 2024:
September 30, 2025December 31, 2024
(In thousands)
Commercial real estate loans
Non-farm/non-residential$23,614 $28,392 
Construction/land development16,776 13,391 
Residential real estate loans
Residential 1-4 family873 1,624 
Total foreclosed assets held for sale$41,263 $43,407