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Loans and Allowance for Credit Losses | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Loans and Allowance for Credit Losses | 4. Loans and Allowance for Credit Losses The Company generally makes loans in its market areas of southern and central Mississippi; southern and central Alabama; northwest, central and southern Louisiana; the northern, central and panhandle regions of Florida; certain areas of east and northeast Texas; and the metropolitan areas of Nashville, Tennessee and Atlanta, Georgia. In addition, and to a lesser degree, the Bank makes loans both regionally and nationally, generally through its specialty lines of business, including the equipment finance, commercial real estate and healthcare segments, often with sponsors in our market areas. The following table presents loans at their amortized cost basis, by portfolio class at September 30, 2025 and December 31, 2024. The amortized cost basis is net of unearned income and excludes accrued interest totaling $107.6 mil lion and $109.8 million at September 30, 2025 and December 31, 2024, respectively. Accrued interest is reflected in the accrued interest line item in the Consolidated Balance Sheets.
|  | September 30, |  |  | December 31, |
($ in thousands) |  | 2025 |  |  | 2024 |
Commercial non-real estate |  | $ | 9,680,597 |  |  | $ | 9,876,592 |
Commercial real estate - owner occupied |  |  | 3,279,258 |  |  |  | 3,011,955 |
Total commercial and industrial |  |  | 12,959,855 |  |  |  | 12,888,547 |
Commercial real estate - income producing |  |  | 4,076,643 |  |  |  | 3,798,612 |
Construction and land development |  |  | 1,197,305 |  |  |  | 1,281,115 |
Residential mortgages |  |  | 4,027,600 |  |  |  | 3,961,328 |
Consumer |  |  | 1,335,162 |  |  |  | 1,369,845 |
Total loans |  | $ | 23,596,565 |  |  | $ | 23,299,447 |
The following briefly describes the composition of each loan category and portfolio class. Commercial and industrial Commercial and industrial loans are made available to businesses for working capital (including financing of inventory and receivables), for business expansion, facilitating the acquisition of a business, and for the purchase of equipment and machinery, including equipment leasing. These loans are primarily made based on the identified cash flows of the borrower and, when secured, have the added strength of the underlying collateral. Commercial non-real estate loans may be secured by the assets being financed or other tangible or intangible business assets such as accounts receivable, inventory, ownership, enterprise value or commodity interests, and may incorporate a personal or corporate guarantee; however, some short-term loans may be made on an unsecured basis, including a small portfolio of corporate credit cards, generally issued as a part of overall customer relationships. Commercial real estate – owner occupied loans consist of commercial mortgages on properties where repayment is generally dependent on the cash flow from the ongoing operations and activities of the borrower. Like commercial non-real estate, these loans are primarily made based on the identified cash flows of the borrower, but also have the added strength of the value of underlying real estate collateral. Commercial real estate – income producing Commercial real estate – income producing loans consist of loans secured by commercial mortgages on properties where the loan is made to real estate developers or investors and repayment is dependent on the sale, refinance, or income generated from the operation of the property. Properties financed include multifamily, retail, healthcare related facilities, industrial, office, hotel/motel and restaurants, and other commercial properties. Construction and land development Construction and land development loans are made to facilitate the acquisition, development, improvement and construction of both commercial and residential-purpose properties. Such loans are made to builders and investors where repayment is expected to be made from the sale, refinance or operation of the property or to businesses to be used in their business operations. This portfolio also includes residential construction loans and loans secured by raw land not yet under development. Residential mortgages Residential mortgages consist of closed-end loans secured by first liens on 1-4 family residential properties. The portfolio includes both fixed and adjustable rate loans, although most longer-term, fixed rate loans originated are sold in the secondary mortgage market. Consumer Consumer loans include second lien mortgage home loans, home equity lines of credit and nonresidential consumer purpose loans. Nonresidential consumer loans include both direct and indirect loans. Direct nonresidential consumer loans are made to finance the purchase of personal property, including automobiles, recreational vehicles and boats, and for other personal purposes (secured and unsecured), and also include deposit account secured loans. Indirect nonresidential consumer loans include automobile financing provided to the consumer through an agreement with automobile dealerships, though the Company is no longer engaged in this type of lending and the remaining portfolio is in runoff. Consumer loans also include a small portfolio of credit card receivables issued on the basis of applications received through referrals from the Bank’s branches, online and other marketing efforts. Allowance for Credit Losses The calculation of the allowance for credit losses is performed using two primary approaches: a collective approach for pools of loans that have similar risk characteristics using a loss rate analysis, and a specific reserve analysis for credits individually evaluated. The allowance for credit losses for collectively evaluated portfolios is developed using multiple Moody’s macroeconomic forecasts applied to internally developed credit models for a two-year reasonable and supportable period. The following tables present activity in the allowance for credit losses by portfolio class for the nine months ended September 30, 2025 and 2024, as well as the allowance for credit loss by primary calculation method at the end of each period.
| Nine Months Ended September 30, 2025 |
|  |  | Commercial |  | Total |  | Commercial |  |  |  |  |  |  |  |  |
| Commercial |  | Real Estate- |  | Commercial |  | Real Estate- |  | Construction |  |  |  |  |  |  |
| Non-Real |  | Owner |  | and |  | Income |  | and Land |  | Residential |  |  |  |  |
($ in thousands) | Estate |  | Occupied |  | Industrial |  | Producing |  | Development |  | Mortgages |  | Consumer |  | Total |
Allowance for credit losses |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Beginning balance | $ | 121,090 |  | $ | 36,264 |  | $ | 157,354 |  | $ | 71,975 |  | $ | 21,158 |  | $ | 42,445 |  | $ | 25,950 |  | $ | 318,882 |
Charge-offs |  | (32,445 | ) |  | (4,626 | ) |  | (37,071 | ) |  | (34 | ) |  | (1,291 | ) |  | (678 | ) |  | (12,283 | ) |  | (51,357 | )
Recoveries |  | 8,484 |  |  | 541 |  |  | 9,025 |  |  | 12 |  |  | 123 |  |  | 521 |  |  | 2,213 |  |  | 11,894 |
Provision for loan losses |  | 28,725 |  |  | 7,857 |  |  | 36,582 |  |  | (9,798 | ) |  | (2,779 | ) |  | 343 |  |  | 9,869 |  |  | 34,217 |
Ending balance - allowance for loan losses | $ | 125,854 |  | $ | 40,036 |  | $ | 165,890 |  | $ | 62,155 |  | $ | 17,211 |  | $ | 42,631 |  | $ | 25,749 |  | $ | 313,636 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 6,441 |  | $ | 309 |  | $ | 6,750 |  | $ | 642 |  | $ | 14,639 |  | $ | 4 |  | $ | 2,018 |  | $ | 24,053 |
Provision for losses on unfunded commitments |  | 3,785 |  |  | (1 | ) |  | 3,784 |  |  | 3 |  |  | 168 |  |  | (3 | ) |  | (131 | ) |  | 3,821 |
Ending balance - reserve for unfunded lending commitments |  | 10,226 |  |  | 308 |  |  | 10,534 |  |  | 645 |  |  | 14,807 |  |  | 1 |  |  | 1,887 |  |  | 27,874 |
Total allowance for credit losses | $ | 136,080 |  | $ | 40,344 |  | $ | 176,424 |  | $ | 62,800 |  | $ | 32,018 |  | $ | 42,632 |  | $ | 27,636 |  | $ | 341,510 |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 11,131 |  | $ | 604 |  | $ | 11,735 |  | $ | — |  | $ | — |  | $ | 841 |  | $ | 193 |  | $ | 12,769 |
Collectively evaluated | $ | 124,949 |  | $ | 39,740 |  | $ | 164,689 |  | $ | 62,800 |  | $ | 32,018 |  | $ | 41,791 |  | $ | 27,443 |  | $ | 328,741 |
In arriving at the allowance for credit losses at September 30, 2025, the Company weighted Moody’s September 2025 baseline economic forecast at 50%, and the downside mild recessionary S-2 scenario at 50%. The September 2025 baseline scenario, which Moody’s defines as the most likely outcome of where the economy is headed based on current conditions, reflects the impact of increasing tariffs and jobless rates, among other factors, resulting in weak growth in the near term. The S-2 scenario is a more severe scenario compared to the baseline, with economic conditions resulting in a mild recession beginning in the fourth quarter of 2025 and lasting for three quarters. The allowance for credit losses at September 30, 2025 reflects a modest net decrease in total reserves compared to December 31, 2024, largely driven by the commercial real estate – income producing and the construction and land development portfolios, which was partially offset by increases in commercial non-real estate due to the expected impact of continued stress from current market conditions on our borrowers.
| Nine Months Ended September 30, 2024 |
|  |  | Commercial |  | Total |  | Commercial |  |  |  |  |  |  |  |  |
| Commercial |  | Real Estate- |  | Commercial |  | Real Estate- |  | Construction |  |  |  |  |  |  |
| Non-Real |  | Owner |  | and |  | Income |  | and Land |  | Residential |  |  |  |  |
($ in thousands) | Estate |  | Occupied |  | Industrial |  | Producing |  | Development |  | Mortgages |  | Consumer |  | Total |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 101,737 |  | $ | 40,197 |  | $ | 141,934 |  | $ | 74,539 |  | $ | 27,039 |  | $ | 38,983 |  | $ | 25,412 |  | $ | 307,907 |
Charge-offs |  | (33,869 | ) |  | — |  |  | (33,869 | ) |  | (8,819 | ) |  | (264 | ) |  | (229 | ) |  | (13,249 | ) |  | (56,430 | )
Recoveries |  | 18,067 |  |  | 986 |  |  | 19,053 |  |  | 7 |  |  | 62 |  |  | 430 |  |  | 2,586 |  |  | 22,138 |
Provision for loan losses |  | 22,808 |  |  | (3,643 | ) |  | 19,165 |  |  | 12,740 |  |  | (2,044 | ) |  | 3,673 |  |  | 10,122 |  |  | 43,656 |
Ending balance - allowance for loan losses | $ | 108,743 |  | $ | 37,540 |  | $ | 146,283 |  | $ | 78,467 |  | $ | 24,793 |  | $ | 42,857 |  | $ | 24,871 |  | $ | 317,271 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 5,507 |  | $ | 327 |  | $ | 5,834 |  | $ | 1,344 |  | $ | 20,019 |  | $ | 30 |  | $ | 1,667 |  | $ | 28,894 |
Provision for losses on unfunded commitments |  | 752 |  |  | (43 | ) |  | 709 |  |  | (353 | ) |  | (4,250 | ) |  | (27 | ) |  | 520 |  |  | (3,401 | )
Ending balance - reserve for unfunded lending commitments |  | 6,259 |  |  | 284 |  |  | 6,543 |  |  | 991 |  |  | 15,769 |  |  | 3 |  |  | 2,187 |  |  | 25,493 |
Total allowance for credit losses | $ | 115,002 |  | $ | 37,824 |  | $ | 152,826 |  | $ | 79,458 |  | $ | 40,562 |  | $ | 42,860 |  | $ | 27,058 |  | $ | 342,764 |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 4,996 |  | $ | 51 |  | $ | 5,047 |  | $ | — |  | $ | — |  | $ | 750 |  | $ | 197 |  | $ | 5,994 |
Collectively evaluated | $ | 110,006 |  | $ | 37,773 |  | $ | 147,779 |  | $ | 79,458 |  | $ | 40,562 |  | $ | 42,110 |  | $ | 26,861 |  | $ | 336,770 |
The increase in the allowance for credit loss at September 30, 2024 compared to December 31, 2023, reflected a relatively consistent credit loss outlook with continued focus on risks that impact certain segments within the Company's loan portfolio. In arriving at the allowance for credit losses at September 30, 2024, the Company weighted the baseline economic forecast at 40% and the downside S-2 mild recession scenario at 60%. Nonaccrual Loans and Certain Reportable Modified Loan Disclosures The following table shows the composition of nonaccrual loans and those without an allowance for loan loss, by portfolio class.
| September 30, 2025 |  | December 31, 2024 |
($ in thousands) | Total Nonaccrual |  | Nonaccrual Without Allowance for Loan Loss |  | Total Nonaccrual |  | Nonaccrual Without Allowance for Loan Loss |
Commercial non-real estate | $ | 47,192 |  | $ | 2,570 |  | $ | 33,418 |  | $ | 4,855 |
Commercial real estate - owner occupied |  | 7,008 |  |  | 522 |  |  | 2,727 |  |  | 1,198 |
Total commercial and industrial |  | 54,200 |  |  | 3,092 |  |  | 36,145 |  |  | 6,053 |
Commercial real estate - income producing |  | 4,782 |  |  | 4,021 |  |  | 356 |  |  | — |
Construction and land development |  | 3,281 |  |  | 2,127 |  |  | 5,561 |  |  | 4,929 |
Residential mortgages |  | 41,026 |  |  | 2,528 |  |  | 44,086 |  |  | 1,475 |
Consumer |  | 10,265 |  |  | 320 |  |  | 11,187 |  |  | 500 |
Total loans | $ | 113,554 |  | $ | 12,088 |  | $ | 97,335 |  | $ | 12,957 |
As a part of our loss mitigation efforts, we may provide modifications to borrowers experiencing financial difficulty to improve long-term collectability of the loans and to avoid the need for repossession or foreclosure of collateral. Nonaccrual loans include reportable nonaccruing modified loans to borrowers experiencing financial difficulty (“MEFDs”) totaling $9.3 million and $20.2 million at September 30, 2025 and December 31, 2024, respectively. Total reportable MEFDs, both accruing and nonaccruing, we re $91.5 million and $99.5 million at September 30, 2025 and December 31, 2024, respectively. The Company had unfunded exposure to borrowers whose loan terms have been modified as a reportable MEF D totaling $4.7 milli on and $6.9 million at September 30, 2025 and December 31, 2024, respectively. The tables below provide detail by portfolio class for reportable MEFDs entered into during the three and nine months ended September 30, 2025 and 2024. Modified facilities are reported using the balance at the end of each period reported and are reflected only once in each table based on the type of modification or combination of modification.
| Three Months Ended September 30, 2025 |
| Term Extension |  | Significant Payment Delay |  | Term Extensions and Significant Payment Delay |  | Other(1) |
($ in thousands) | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |
Commercial non-real estate | $ | 57,892 |  |  | 0.60 | % | $ | — |  |  | — |  | $ | — |  |  | — |  | $ | — |  |  | — |
Commercial real estate - owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial |  | 57,892 |  |  | 0.45 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate - income producing |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction and land development |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgages |  | 1,271 |  |  | 0.03 | % |  | — |  |  | — |  |  | 2,077 |  |  | 0.05 | % |  | 606 |  |  | 0.02 | %
Consumer |  | 43 |  |  | 0.00 | % |  | — |  |  | — |  |  | 150 |  |  | 0.01 | % |  | — |  |  | — |
Total reportable modified loans | $ | 59,206 |  |  | 0.25 | % | $ | — |  |  | — |  | $ | 2,227 |  |  | 0.01 | % | $ | 606 |  |  | 0.00 | %
(1) Includes interest rate reduction and term extensions. |
| Nine Months Ended September 30, 2025 |
| Term Extension |  | Significant Payment Delay |  | Term Extensions and Significant Payment Delay |  | Other(1) |
($ in thousands) | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |
Commercial non-real estate | $ | 63,408 |  |  | 0.66 | % | $ | 8,976 |  |  | 0.09 | % | $ | 70 |  |  | 0.00 | % | $ | — |  |  | — |
Commercial real estate - owner occupied |  | 340 |  |  | 0.01 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial |  | 63,748 |  |  | 0.49 | % |  | 8,976 |  |  | 0.07 | % |  | 70 |  |  | 0.00 | % |  | — |  |  | — |
Commercial real estate - income producing |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction and land development |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgages |  | 14,537 |  |  | 0.36 | % |  | 413 |  |  | 0.01 | % |  | 2,077 |  |  | 0.05 | % |  | 606 |  |  | 0.02 | %
Consumer |  | 43 |  |  | 0.00 | % |  | — |  |  | — |  |  | 150 |  |  | 0.01 | % |  | — |  |  | — |
Total reportable modified loans | $ | 78,328 |  |  | 0.33 | % | $ | 9,389 |  |  | 0.04 | % | $ | 2,297 |  |  | 0.01 | % | $ | 606 |  |  | 0.00 | %
(1) Includes interest rate reduction and term extensions. |
| Three Months Ended September 30, 2024 |
| Term Extension |  | Significant Payment Delay |  | Term Extensions and Significant Payment Delay |
($ in thousands) | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |
Commercial non-real estate | $ | 48,913 |  |  | 0.51 | % | $ | — |  |  | — |  | $ | 17,020 |  |  | 0.18 | %
Commercial real estate - owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial |  | 48,913 |  |  | 0.39 | % |  | — |  |  | — |  |  | 17,020 |  |  | 0.13 | %
Commercial real estate - income producing |  | 3,050 |  |  | 0.08 | % |  | — |  |  | — |  |  | — |  |  | — |
Construction and land development |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgages |  | 988 |  |  | 0.02 | % |  | — |  |  | — |  |  | — |  |  | — |
Consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total reportable modified loans | $ | 52,951 |  |  | 0.23 | % | $ | — |  |  | — |  | $ | 17,020 |  |  | 0.07 | %
| Nine Months Ended September 30, 2024 |
| Term Extension |  | Significant Payment Delay |  | Term Extensions and Significant Payment Delay |
($ in thousands) | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |  | Balance |  | Percentage of Portfolio |
Commercial non-real estate | $ | 65,619 |  |  | 0.68 | % | $ | — |  |  | — |  | $ | 17,020 |  |  | 0.18 | %
Commercial real estate - owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial |  | 65,619 |  |  | 0.52 | % |  | — |  |  | — |  |  | 17,020 |  |  | 0.13 | %
Commercial real estate - income producing |  | 3,050 |  |  | 0.08 | % |  | — |  |  | — |  |  | — |  |  | — |
Construction and land development |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgages |  | 3,618 |  |  | 0.09 | % |  | — |  |  | — |  |  | — |  |  | — |
Consumer |  | 143 |  |  | 0.01 | % |  | — |  |  | — |  |  | — |  |  | — |
Total reportable modified loans | $ | 72,430 |  |  | 0.31 | % | $ | — |  |  | — |  | $ | 17,020 |  |  | 0.07 | %
Reportable modifications to borrowers experiencing financial difficulty during the three months ended September 30, 2025 consisted of weighted average term extensions totaling approximately seven months for commercial loans and 3 years for residential mortgage and consumer loans. Reportable modifications to borrowers experiencing financial difficulty during the nine months ended September 30, 2025 consisted of weighted average term extensions totaling approximately 11 months for commercial loans and 18 months for residential mortgage loans and 31 months for consumer. The weighted average term of other than insignificant payment delays for the three months ended September 30, 2025 was 1 year for residential loans and 7 months for consumer loans. The weighted average term of other than insignificant payment delays for the nine months ended September 30, 2025 was four months for commercial loans and 10 months for residential mortgage loans and seven months for consumer. The weighted-average interest rate reduction for the three and nine months ended September 30, 2025 for the residential portfolio was 240 basis points Reported term extensions and payment delays are considered more than insignificant when they exceed six months when considering other modifications made in the past twelve months. Reportable modifications to borrowers experiencing financial difficulty during the three months ended September 30, 2024 consisted of weighted average term extensions totaling approximately nine months for commercial loans, and two years for residential mortgage loans. Reportable modifications to borrowers experiencing financial difficulty during the nine months ended September 30, 2024 consisted of weighted average term extensions totaling approximately nine months for commercial loans, five years for residential mortgage loans and four years for consumer loans. The weighted average term of other than insignificant payment delays was three months for commercial loans during both the three and nine months ended September 30, 2024. The tables that follow present the aging analysis of reportable modifications to borrowers experiencing financial difficulty by portfolio class at September 30, 2025 and December 31, 2024.
| September 30, 2025 |
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Current |  | Total Reportable Modified Loans |
Commercial non-real estate | $ | — |  | $ | 6,423 |  | $ | 3,340 |  | $ | 9,763 |  | $ | 63,606 |  | $ | 73,369 |
Commercial real estate - owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 340 |  |  | 340 |
Total commercial and industrial |  | — |  |  | 6,423 |  |  | 3,340 |  |  | 9,763 |  |  | 63,946 |  |  | 73,709 |
Commercial real estate - income producing |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction and land development |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgages |  | — |  |  | 40 |  |  | — |  |  | 40 |  |  | 17,593 |  |  | 17,633 |
Consumer |  | — |  |  | — |  |  | 150 |  |  | 150 |  |  | 43 |  |  | 193 |
Total reportable modified loans | $ | — |  | $ | 6,463 |  | $ | 3,490 |  | $ | 9,953 |  | $ | 81,582 |  | $ | 91,535 |
| December 31, 2024 |
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Current |  | Total Reportable Modified Loans |
Commercial non-real estate | $ | 1,975 |  | $ | — |  | $ | 12,548 |  | $ | 14,523 |  | $ | 78,934 |  | $ | 93,457 |
Commercial real estate - owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial |  | 1,975 |  |  | — |  |  | 12,548 |  |  | 14,523 |  |  | 78,934 |  |  | 93,457 |
Commercial real estate - income producing |  | — |  |  | 826 |  |  | — |  |  | 826 |  |  | 1,915 |  |  | 2,741 |
Construction and land development |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Residential mortgages |  | 179 |  |  | 249 |  |  | 501 |  |  | 929 |  |  | 2,241 |  |  | 3,170 |
Consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 131 |  |  | 131 |
Total reportable modified loans | $ | 2,154 |  | $ | 1,075 |  | $ | 13,049 |  | $ | 16,278 |  | $ | 83,221 |  | $ | 99,499 |
There were loans to two comm ercial borrowers tota ling $3.3 million and one consumer loan totaling $0.1 million with reportable term extensions and/or significant payment delays that had post modification payment defaults during the three months ended September 30, 2025. For the nine month period ended September 30, 2025, there were loans to seven commercial borrowers totaling $27.6 million, and two consumer borrowers totaling $0.2 million with reportable term extension modifications, significant payment delays and/or interest rate reductions that had post modification payment defaults. There were loans to three commercial borrowers totaling $3.6 million, two residential mortgage borrowers totaling $0.3 million and one consumer borrower totaling $0.2 million with reportable term extensions and/or significant payment delays and interest rate reduction modifications that had post modification payment defaults during the three month period ended September 30, 2024. For the nine month period ended September 30, 2024, there were loans to six commercial borrowers totaling $13.2 million, three residential mortgage borrowers totaling $0.4 million, and one consumer borrower totaling $0.2 million with reportable term extensions and/or significant payment delays and interest rate reduction modifications that had post modification payment defaults. A payment default occurs if the loan is either 90 days or more delinquent or has been charged off as of the end of the period presented. Aging Analysis The tables below present the aging analysis of past due loans by portfolio class at September 30, 2025 and December 31, 2024.
| September 30, 2025 |
($ in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Current |  | Total Loans |  | Recorded Investment > 90 Days and Still Accruing |
Commercial non-real estate | $ | 5,222 |  | $ | 12,940 |  | $ | 45,260 |  | $ | 63,422 |  | $ | 9,617,175 |  | $ | 9,680,597 |  | $ | 20,134 |
Commercial real estate - owner occupied |  | 2,094 |  |  | 1,343 |  |  | 7,792 |  |  | 11,229 |  |  | 3,268,029 |  |  | 3,279,258 |  |  | 1,346 |
Total commercial and industrial |  | 7,316 |  |  | 14,283 |  |  | 53,052 |  |  | 74,651 |  |  | 12,885,204 |  |  | 12,959,855 |  |  | 21,480 |
Commercial real estate - income producing |  | 3,092 |  |  | 149 |  |  | 4,226 |  |  | 7,467 |  |  | 4,069,176 |  |  | 4,076,643 |  |  | — |
Construction and land development |  | 1,096 |  |  | 627 |  |  | 3,082 |  |  | 4,805 |  |  | 1,192,500 |  |  | 1,197,305 |  |  | 147 |
Residential mortgages |  | 14,335 |  |  | 18,898 |  |  | 30,275 |  |  | 63,508 |  |  | 3,964,092 |  |  | 4,027,600 |  |  | 7 |
Consumer |  | 8,400 |  |  | 3,558 |  |  | 9,418 |  |  | 21,376 |  |  | 1,313,786 |  |  | 1,335,162 |  |  | 2,942 |
Total loans | $ | 34,239 |  | $ | 37,515 |  | $ | 100,053 |  | $ | 171,807 |  | $ | 23,424,758 |  | $ | 23,596,565 |  | $ | 24,576 |
| December 31, 2024 |
($ in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Current |  | Total Loans |  | Recorded Investment > 90 Days and Still Accruing |
Commercial non-real estate | $ | 19,326 |  | $ | 5,264 |  | $ | 27,756 |  | $ | 52,346 |  | $ | 9,824,246 |  | $ | 9,876,592 |  | $ | 14,557 |
Commercial real estate - owner occupied |  | 1,113 |  |  | 38 |  |  | 3,747 |  |  | 4,898 |  |  | 3,007,057 |  |  | 3,011,955 |  |  | 1,097 |
Total commercial and industrial |  | 20,439 |  |  | 5,302 |  |  | 31,503 |  |  | 57,244 |  |  | 12,831,303 |  |  | 12,888,547 |  |  | 15,654 |
Commercial real estate - income producing |  | 220 |  |  | 5,417 |  |  | 464 |  |  | 6,101 |  |  | 3,792,511 |  |  | 3,798,612 |  |  | 150 |
Construction and land development |  | 1,066 |  |  | 3,773 |  |  | 5,314 |  |  | 10,153 |  |  | 1,270,962 |  |  | 1,281,115 |  |  | 3,563 |
Residential mortgages |  | 42,211 |  |  | 25,050 |  |  | 34,113 |  |  | 101,374 |  |  | 3,859,954 |  |  | 3,961,328 |  |  | 27 |
Consumer |  | 10,770 |  |  | 5,381 |  |  | 8,504 |  |  | 24,655 |  |  | 1,345,190 |  |  | 1,369,845 |  |  | 2,458 |
Total loans | $ | 74,706 |  | $ | 44,923 |  | $ | 79,898 |  | $ | 199,527 |  | $ | 23,099,920 |  | $ | 23,299,447 |  | $ | 21,852 |
Credit Quality Indicators The following tables present the credit quality indicators by segment and portfolio class of loans at September 30, 2025 and December 31, 2024. The Company routinely assesses the ratings of loans in its portfolio through an established and comprehensive portfolio management process.
| September 30, 2025 |
($ in thousands) | Commercial Non-Real Estate |  | Commercial Real Estate - Owner- Occupied |  | Total Commercial and Industrial |  | Commercial Real Estate - Income Producing |  | Construction and Land Development |  | Total Commercial |
Grade: |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 8,979,717 |  | $ | 3,089,082 |  | $ | 12,068,799 |  | $ | 3,888,691 |  | $ | 1,130,795 |  | $ | 17,088,285 |
Pass-Watch |  | 302,204 |  |  | 131,455 |  |  | 433,659 |  |  | 129,411 |  |  | 33,270 |  |  | 596,340 |
Special Mention |  | 91,828 |  |  | 29,862 |  |  | 121,690 |  |  | 8,308 |  |  | 28,370 |  |  | 158,368 |
Substandard |  | 306,848 |  |  | 28,859 |  |  | 335,707 |  |  | 50,233 |  |  | 4,870 |  |  | 390,810 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 9,680,597 |  | $ | 3,279,258 |  | $ | 12,959,855 |  | $ | 4,076,643 |  | $ | 1,197,305 |  | $ | 18,233,803 |
| December 31, 2024 |
($ in thousands) | Commercial Non-Real Estate |  | Commercial Real Estate - Owner- Occupied |  | Total Commercial and Industrial |  | Commercial Real Estate - Income Producing |  | Construction and Land Development |  | Total Commercial |
Grade: |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 9,157,232 |  | $ | 2,833,228 |  | $ | 11,990,460 |  | $ | 3,625,981 |  | $ | 1,207,404 |  | $ | 16,823,845 |
Pass-Watch |  | 219,975 |  |  | 135,566 |  |  | 355,541 |  |  | 99,638 |  |  | 66,221 |  |  | 521,400 |
Special Mention |  | 149,705 |  |  | 17,901 |  |  | 167,606 |  |  | 22,278 |  |  | 1,014 |  |  | 190,898 |
Substandard |  | 349,680 |  |  | 25,260 |  |  | 374,940 |  |  | 50,715 |  |  | 6,476 |  |  | 432,131 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 9,876,592 |  | $ | 3,011,955 |  | $ | 12,888,547 |  | $ | 3,798,612 |  | $ | 1,281,115 |  | $ | 17,968,274 |
|  | September 30, 2025 |  |  | December 31, 2024 |
($ in thousands) |  | Residential Mortgage |  |  | Consumer |  |  | Total |  |  | Residential Mortgage |  |  | Consumer |  |  | Total |
Performing |  | $ | 3,986,574 |  |  | $ | 1,324,897 |  |  | $ | 5,311,471 |  |  | $ | 3,917,242 |  |  | $ | 1,358,658 |  |  | $ | 5,275,900 |
Nonperforming |  |  | 41,026 |  |  |  | 10,265 |  |  |  | 51,291 |  |  |  | 44,086 |  |  |  | 11,187 |  |  |  | 55,273 |
Total |  | $ | 4,027,600 |  |  | $ | 1,335,162 |  |  | $ | 5,362,762 |  |  | $ | 3,961,328 |  |  | $ | 1,369,845 |  |  | $ | 5,331,173 |
Below are the definitions of the Company’s internally assigned grades: Commercial: • Pass – loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk. • Pass-Watch – credits in this category are of sufficient risk to cause concern. This category is reserved for credits that display negative performance trends. The “Watch” grade should be regarded as a transition category. • Special Mention – a criticized asset category defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the institution’s credit position. Special mention credits are not considered part of the classified credit categories and do not expose the institution to sufficient risk to warrant adverse classification. • Substandard – an asset that is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. • Doubtful – an asset that has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. • Loss – credits classified as loss are considered uncollectable and are charged off promptly once so classified. Residential and Consumer: • Performing – accruing loans. • Nonperforming – loans for which there are good reasons to doubt that payments will be made in full. Nonperforming loans include all loans with nonaccrual status. Vintage Analysis The following tables present credit quality disclosures of amortized cost by class and vintage for term loans and by revolving and revolving converted to amortizing at September 30, 2025 and December 31, 2024. The Company defines vintage as the later of origination, renewal or modification date. The gross charge-offs presented in the tables that follow are for the nine months ended September 30, 2025 and the year ended December 31, 2024.
| September 30, 2025 |
| Term Loans |  |  |  | Revolving Loans |  |  |
| Amortized Cost Basis by Origination Year |  | Revolving |  | Converted to |  |  |
($ in thousands) | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Loans |  | Term Loans |  | Total |
Commercial Non-Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,445,220 |  | $ | 1,325,207 |  | $ | 781,003 |  | $ | 867,692 |  | $ | 616,345 |  | $ | 949,750 |  | $ | 2,896,708 |  | $ | 97,792 |  | $ | 8,979,717 |
Pass-Watch |  | 21,700 |  |  | 30,957 |  |  | 47,601 |  |  | 66,406 |  |  | 14,748 |  |  | 20,324 |  |  | 93,375 |  |  | 7,093 |  |  | 302,204 |
Special Mention |  | 2,322 |  |  | 3,866 |  |  | 2,603 |  |  | 29,735 |  |  | 12,212 |  |  | 4,522 |  |  | 35,189 |  |  | 1,379 |  |  | 91,828 |
Substandard |  | 12,652 |  |  | 5,151 |  |  | 81,367 |  |  | 96,094 |  |  | 13,767 |  |  | 9,183 |  |  | 65,629 |  |  | 23,005 |  |  | 306,848 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,481,894 |  | $ | 1,365,181 |  | $ | 912,574 |  | $ | 1,059,927 |  | $ | 657,072 |  | $ | 983,779 |  | $ | 3,090,901 |  | $ | 129,269 |  | $ | 9,680,597 |
Gross Charge-offs | $ | 4,774 |  | $ | 2,116 |  | $ | 15,042 |  | $ | 794 |  | $ | 63 |  | $ | 727 |  | $ | 2,370 |  | $ | 6,559 |  | $ | 32,445 |
Commercial Real Estate - Owner Occupied: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 484,983 |  | $ | 407,189 |  | $ | 320,493 |  | $ | 481,837 |  | $ | 477,600 |  | $ | 800,658 |  | $ | 67,123 |  | $ | 49,199 |  | $ | 3,089,082 |
Pass-Watch |  | 25,002 |  |  | 16,973 |  |  | 5,101 |  |  | 41,756 |  |  | 10,398 |  |  | 28,687 |  |  | 1,479 |  |  | 2,059 |  |  | 131,455 |
Special Mention |  | 3,509 |  |  | 3,032 |  |  | 650 |  |  | 15,054 |  |  | 6,135 |  |  | — |  |  | 1,482 |  |  | — |  |  | 29,862 |
Substandard |  | 1,585 |  |  | 334 |  |  | 6,719 |  |  | 15,188 |  |  | 929 |  |  | 4,104 |  |  | — |  |  | — |  |  | 28,859 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 515,079 |  | $ | 427,528 |  | $ | 332,963 |  | $ | 553,835 |  | $ | 495,062 |  | $ | 833,449 |  | $ | 70,084 |  | $ | 51,258 |  | $ | 3,279,258 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | 86 |  | $ | — |  | $ | 2,741 |  | $ | 1,799 |  | $ | — |  | $ | — |  | $ | 4,626 |
Commercial Real Estate - Income Producing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 649,232 |  | $ | 414,766 |  | $ | 539,778 |  | $ | 908,450 |  | $ | 573,984 |  | $ | 756,410 |  | $ | 45,474 |  | $ | 597 |  | $ | 3,888,691 |
Pass-Watch |  | 21,420 |  |  | 16,326 |  |  | 5,992 |  |  | 36,936 |  |  | 21,675 |  |  | 26,853 |  |  | 209 |  |  | — |  |  | 129,411 |
Special Mention |  | 7,746 |  |  | 267 |  |  | 295 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,308 |
Substandard |  | 215 |  |  | — |  |  | 4,021 |  |  | 24,551 |  |  | 2,148 |  |  | 19,135 |  |  | 163 |  |  | — |  |  | 50,233 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 678,613 |  | $ | 431,359 |  | $ | 550,086 |  | $ | 969,937 |  | $ | 597,807 |  | $ | 802,398 |  | $ | 45,846 |  | $ | 597 |  | $ | 4,076,643 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | 34 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 34 |
Construction and Land Development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 194,731 |  | $ | 348,250 |  | $ | 218,503 |  | $ | 139,163 |  | $ | 76,010 |  | $ | 16,572 |  | $ | 131,357 |  | $ | 6,209 |  | $ | 1,130,795 |
Pass-Watch |  | 5,217 |  |  | 998 |  |  | 439 |  |  | 3,045 |  |  | 23,357 |  |  | 214 |  |  | — |  |  | — |  |  | 33,270 |
Special Mention |  | 62 |  |  | — |  |  | — |  |  | 28,125 |  |  | 113 |  |  | — |  |  | — |  |  | 70 |  |  | 28,370 |
Substandard |  | — |  |  | 187 |  |  | 1,890 |  |  | 2,529 |  |  | 135 |  |  | 129 |  |  | — |  |  | — |  |  | 4,870 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 200,010 |  | $ | 349,435 |  | $ | 220,832 |  | $ | 172,862 |  | $ | 99,615 |  | $ | 16,915 |  | $ | 131,357 |  | $ | 6,279 |  | $ | 1,197,305 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | 1,283 |  | $ | — |  | $ | 8 |  | $ | — |  | $ | — |  | $ | 1,291 |
Residential Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 306,408 |  | $ | 132,653 |  | $ | 410,062 |  | $ | 1,041,327 |  | $ | 836,246 |  | $ | 1,257,018 |  | $ | 2,860 |  | $ | — |  | $ | 3,986,574 |
Nonperforming |  | — |  |  | 1,623 |  |  | 9,020 |  |  | 7,372 |  |  | 5,935 |  |  | 17,076 |  |  | — |  |  | — |  |  | 41,026 |
Total | $ | 306,408 |  | $ | 134,276 |  | $ | 419,082 |  | $ | 1,048,699 |  | $ | 842,181 |  | $ | 1,274,094 |  | $ | 2,860 |  | $ | — |  | $ | 4,027,600 |
Gross Charge-offs | $ | — |  | $ | 36 |  | $ | 286 |  | $ | 319 |  | $ | — |  | $ | 37 |  | $ | — |  | $ | — |  | $ | 678 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 46,940 |  | $ | 28,345 |  | $ | 26,833 |  | $ | 21,884 |  | $ | 11,145 |  | $ | 53,126 |  | $ | 1,109,277 |  | $ | 27,347 |  | $ | 1,324,897 |
Nonperforming |  | 50 |  |  | 53 |  |  | 366 |  |  | 889 |  |  | 684 |  |  | 4,853 |  |  | 379 |  |  | 2,991 |  |  | 10,265 |
Total | $ | 46,990 |  | $ | 28,398 |  | $ | 27,199 |  | $ | 22,773 |  | $ | 11,829 |  | $ | 57,979 |  | $ | 1,109,656 |  | $ | 30,338 |  | $ | 1,335,162 |
Gross Charge-offs | $ | 32 |  | $ | 709 |  | $ | 873 |  | $ | 1,089 |  | $ | 447 |  | $ | 635 |  | $ | 6,730 |  | $ | 1,768 |  | $ | 12,283 |
| December 31, 2024 |
| Term Loans |  |  |  | Revolving Loans |  |  |
| Amortized Cost Basis by Origination Year |  | Revolving |  | Converted to |  |  |
($ in thousands) | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Loans |  | Term Loans |  | Total |
Commercial Non-Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,794,904 |  | $ | 1,069,637 |  | $ | 1,154,669 |  | $ | 819,520 |  | $ | 339,594 |  | $ | 925,046 |  | $ | 2,946,499 |  | $ | 107,363 |  | $ | 9,157,232 |
Pass-Watch |  | 8,466 |  |  | 46,681 |  |  | 43,379 |  |  | 29,193 |  |  | 12,768 |  |  | 9,851 |  |  | 61,076 |  |  | 8,561 |  |  | 219,975 |
Special Mention |  | 412 |  |  | 21,337 |  |  | 52,375 |  |  | 6,044 |  |  | 6,234 |  |  | 41 |  |  | 62,934 |  |  | 328 |  |  | 149,705 |
Substandard |  | 19,839 |  |  | 91,192 |  |  | 117,545 |  |  | 15,225 |  |  | 8,200 |  |  | 2,898 |  |  | 65,138 |  |  | 29,643 |  |  | 349,680 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,823,621 |  | $ | 1,228,847 |  | $ | 1,367,968 |  | $ | 869,982 |  | $ | 366,796 |  | $ | 937,836 |  | $ | 3,135,647 |  | $ | 145,895 |  | $ | 9,876,592 |
Gross Charge-offs | $ | 705 |  | $ | 7,575 |  | $ | 7,494 |  | $ | 11,090 |  | $ | 213 |  | $ | 1,837 |  | $ | 5,952 |  | $ | 10,622 |  | $ | 45,488 |
Commercial Real Estate - Owner Occupied: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 365,158 |  | $ | 319,684 |  | $ | 537,069 |  | $ | 524,572 |  | $ | 433,844 |  | $ | 554,293 |  | $ | 97,999 |  | $ | 609 |  | $ | 2,833,228 |
Pass-Watch |  | 18,937 |  |  | 8,575 |  |  | 66,286 |  |  | 5,547 |  |  | 2,695 |  |  | 29,078 |  |  | 3,727 |  |  | 721 |  |  | 135,566 |
Special Mention |  | 4,417 |  |  | 410 |  |  | 6,759 |  |  | 3,756 |  |  | — |  |  | 2,559 |  |  | — |  |  | — |  |  | 17,901 |
Substandard |  | 1,322 |  |  | 2,630 |  |  | 5,574 |  |  | 1,563 |  |  | 1,248 |  |  | 12,923 |  |  | — |  |  | — |  |  | 25,260 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 389,834 |  | $ | 331,299 |  | $ | 615,688 |  | $ | 535,438 |  | $ | 437,787 |  | $ | 598,853 |  | $ | 101,726 |  | $ | 1,330 |  | $ | 3,011,955 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | 131 |  | $ | — |  | $ | — |  | $ | 12 |  | $ | — |  | $ | — |  | $ | 143 |
Commercial Real Estate - Income Producing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 416,947 |  | $ | 453,428 |  | $ | 975,075 |  | $ | 750,907 |  | $ | 494,925 |  | $ | 501,389 |  | $ | 31,673 |  | $ | 1,637 |  | $ | 3,625,981 |
Pass-Watch |  | 2,586 |  |  | 7,005 |  |  | 43,221 |  |  | 9,399 |  |  | 20,694 |  |  | 16,354 |  |  | 220 |  |  | 159 |  |  | 99,638 |
Special Mention |  | 20,292 |  |  | — |  |  | 1,986 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,278 |
Substandard |  | 1,818 |  |  | 18,189 |  |  | 8,604 |  |  | 2,210 |  |  | 19,731 |  |  | 163 |  |  | — |  |  | — |  |  | 50,715 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 441,643 |  | $ | 478,622 |  | $ | 1,028,886 |  | $ | 762,516 |  | $ | 535,350 |  | $ | 517,906 |  | $ | 31,893 |  | $ | 1,796 |  | $ | 3,798,612 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | 8,819 |  | $ | — |  | $ | — |  | $ | 3 |  | $ | — |  | $ | — |  | $ | 8,822 |
Construction and Land Development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 237,136 |  | $ | 418,002 |  | $ | 296,286 |  | $ | 103,259 |  | $ | 33,519 |  | $ | 14,477 |  | $ | 102,694 |  | $ | 2,031 |  | $ | 1,207,404 |
Pass-Watch |  | 624 |  |  | 2,279 |  |  | 62,415 |  |  | 391 |  |  | 30 |  |  | 323 |  |  | 159 |  |  | — |  |  | 66,221 |
Special Mention |  | 1,014 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,014 |
Substandard |  | 324 |  |  | 796 |  |  | 1,576 |  |  | 3,554 |  |  | 26 |  |  | 200 |  |  | — |  |  | — |  |  | 6,476 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 239,098 |  | $ | 421,077 |  | $ | 360,277 |  | $ | 107,204 |  | $ | 33,575 |  | $ | 15,000 |  | $ | 102,853 |  | $ | 2,031 |  | $ | 1,281,115 |
Gross Charge-offs | $ | — |  | $ | 113 |  | $ | 94 |  | $ | 30 |  | $ | — |  | $ | 20 |  | $ | — |  | $ | 7 |  | $ | 264 |
Residential Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 161,019 |  | $ | 422,269 |  | $ | 1,068,191 |  | $ | 882,918 |  | $ | 447,690 |  | $ | 932,182 |  | $ | 2,772 |  | $ | 201 |  | $ | 3,917,242 |
Nonperforming |  | 327 |  |  | 7,724 |  |  | 10,974 |  |  | 6,687 |  |  | 1,199 |  |  | 17,175 |  |  | — |  |  | — |  |  | 44,086 |
Total | $ | 161,346 |  | $ | 429,993 |  | $ | 1,079,165 |  | $ | 889,605 |  | $ | 448,889 |  | $ | 949,357 |  | $ | 2,772 |  | $ | 201 |  | $ | 3,961,328 |
Gross Charge-offs | $ | — |  | $ | 57 |  | $ | 189 |  | $ | 2 |  | $ | — |  | $ | 132 |  | $ | — |  | $ | — |  | $ | 380 |
Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 56,983 |  | $ | 39,301 |  | $ | 35,320 |  | $ | 20,397 |  | $ | 15,035 |  | $ | 41,299 |  | $ | 1,120,027 |  | $ | 30,296 |  | $ | 1,358,658 |
Nonperforming |  | 51 |  |  | 46 |  |  | 320 |  |  | 639 |  |  | 767 |  |  | 3,442 |  |  | 535 |  |  | 5,387 |  |  | 11,187 |
Total | $ | 57,034 |  | $ | 39,347 |  | $ | 35,640 |  | $ | 21,036 |  | $ | 15,802 |  | $ | 44,741 |  | $ | 1,120,562 |  | $ | 35,683 |  | $ | 1,369,845 |
Gross Charge-offs | $ | 92 |  | $ | 1,733 |  | $ | 2,474 |  | $ | 1,173 |  | $ | 180 |  | $ | 985 |  | $ | 8,826 |  | $ | 2,524 |  | $ | 17,987 |
Residential Mortgage Loans in Process of Foreclosure Loans in process of foreclosure include those for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. Included in loans at September 30, 2025 and December 31, 2024 wer e $13.0 million and $10.5 million, respectively, of loans secured by single family residential real estate that were in process of foreclosure. In addition to the single family residential real estate loans in process of foreclosure, the Company also held foreclosed single family residential properties in other real estate owned totaling $3.7 million and $2.0 million at September 30, 2025 and December 31, 2024, respectively. Loans Held for Sale Loans held for sale total ed $33.2 million and $21.5 million at September 30, 2025 and December 31, 2024, respectively. Loans held for sale is composed primarily of residential mortgage loans originated for sale in the secondary market. At September 30, 2025, residential mortgage loans carried at the fair value option tot aled $33.2 million with an unpaid principal bala nce of $32.3 million. At December 31, 2024, residential mortgage loans carried at the fair value option totaled $18.9 million with an unpaid principal balance of $18.6 million. All other loans held for sale are carried at the lower of cost or market.

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