XML 38 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Loans and Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2025
Accounts Notes And Loans Receivable [Line Items]  
Loans, Net of Unearned Income

 

 

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

 
Allowance for Credit Losses by Portfolio Class

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

 

 

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

 
Composition of Nonaccrual Loans and Without an Allowance for Loan Loss by Portfolio Class

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

 

 
Provides Detail by Portfolio Class for Reportable MEFDs

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

%
Aging Analysis of Reportable Modifications To Borrowers Experiencing Financial Difficulty by Portfolio Class

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

 
Aging Analysis of Past Due Loans by Portfolio Class

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 by Segment and Portfolio Class

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

 
Total Commercial [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Credit Quality Indicators by Segment and Portfolio Class

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

 
Residential Mortgage and Consumer [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Credit Quality Indicators by Segment and Portfolio Class

 

 

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