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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 | NOTE 3 – LOANS AND ALLOWANCE FOR CREDIT LOSSES Loans are stated at amortized cost. Balances within the major loans receivable categories are presented in the following table:
(dollars in thousands) | September 30, 2025 |  | December 31, 2024
Commercial and industrial | $ | 3,299,269 |  |  | $ | 2,953,135 |
Consumer | 202,688 |  |  | 221,735 |
Mortgage warehouse | 1,083,941 |  |  | 965,053 |
Municipal | 437,823 |  |  | 441,408 |
Premium finance | 1,358,259 |  |  | 1,155,614 |
Real estate – construction and development | 1,411,178 |  |  | 1,998,506 |
Real estate – commercial and farmland | 9,054,927 |  |  | 8,445,958 |
Real estate – residential | 4,410,289 |  |  | 4,558,497 |
Loans, net of unearned income | $ | 21,258,374 |  |  | $ | 20,739,906 |
Accrued interest receivable on loans totaling $76.6 million and $77.3 million at September 30, 2025 and December 31, 2024, respectively, is reported in other assets on the consolidated balance sheets. The Company had no recorded allowance for credit losses related to accrued interest on loans at both September 30, 2025 and December 31, 2024. Nonaccrual and Past-Due Loans A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged to interest income. Interest on loans that are classified as nonaccrual is subsequently applied to principal until the loans are returned to accrual status. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest, or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Chief Credit Officer. Past-due loans are loans whose principal or interest is past due 30 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms. The following table presents an analysis of loans accounted for on a nonaccrual basis:
(dollars in thousands) | September 30, 2025 |  | December 31, 2024
Commercial and industrial | $ | 12,238 |  |  | $ | 11,875 |
Consumer | 715 |  |  | 782 |
Real estate – construction and development | 951 |  |  | 3,718 |
Real estate – commercial and farmland | 6,760 |  |  | 11,960 |
Real estate – residential(1) | 76,299 |  |  | 73,883 |
| $ | 96,963 |  |  | $ | 102,218 |
(1) Included in real estate - residential were $19.7 million and $12.0 million of serviced GNMA-guaranteed nonaccrual loans at September 30, 2025 and December 31, 2024, respectively. Interest income recognized on nonaccrual loans during the nine months ended September 30, 2025 and 2024 was not material. The following table presents an analysis of nonaccrual loans with no related allowance for credit losses:
(dollars in thousands) | September 30, 2025 |  | December 31, 2024
Commercial and industrial | $ | 2,306 |  |  | $ | 3,866 |
Real estate – construction and development | — |  |  | 2,624 |
Real estate – commercial and farmland | 4,414 |  |  | 9,357 |
Real estate – residential | 40,600 |  |  | 36,512 |
| $ | 47,320 |  |  | $ | 52,359 |
The following table presents an analysis of past-due loans as of September 30, 2025 and December 31, 2024:
(dollars in thousands) | Loans 30-59 Days Past Due |  | Loans 60-89 Days Past Due |  | Loans 90 or More Days Past Due |  | Total Loans Past Due |  | Current Loans |  | Total Loans |  | Loans 90 Days or More Past Due and Still Accruing
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 7,687 |  |  | $ | 5,410 |  |  | $ | 9,567 |  |  | $ | 22,664 |  |  | $ | 3,276,605 |  |  | $ | 3,299,269 |  |  | $ | — |
Consumer | 619 |  |  | 546 |  |  | 167 |  |  | 1,332 |  |  | 201,356 |  |  | 202,688 |  |  | — |
Mortgage warehouse | — |  |  | — |  |  | — |  |  | — |  |  | 1,083,941 |  |  | 1,083,941 |  |  | — |
Municipal | — |  |  | — |  |  | — |  |  | — |  |  | 437,823 |  |  | 437,823 |  |  | — |
Premium finance | 15,247 |  |  | 7,516 |  |  | 9,325 |  |  | 32,088 |  |  | 1,326,171 |  |  | 1,358,259 |  |  | 9,325 |
Real estate – construction and development | 275 |  |  | 41 |  |  | 906 |  |  | 1,222 |  |  | 1,409,956 |  |  | 1,411,178 |  |  | — |
Real estate – commercial and farmland | 4,307 |  |  | 4,462 |  |  | 5,424 |  |  | 14,193 |  |  | 9,040,734 |  |  | 9,054,927 |  |  | — |
Real estate – residential | 39,501 |  |  | 22,643 |  |  | 71,928 |  |  | 134,072 |  |  | 4,276,217 |  |  | 4,410,289 |  |  | — |
Total | $ | 67,636 |  |  | $ | 40,618 |  |  | $ | 97,317 |  |  | $ | 205,571 |  |  | $ | 21,052,803 |  |  | $ | 21,258,374 |  |  | $ | 9,325 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 12,300 |  |  | $ | 5,908 |  |  | $ | 12,849 |  |  | $ | 31,057 |  |  | $ | 2,922,078 |  |  | $ | 2,953,135 |  |  | $ | 5,159 |
Consumer | 2,672 |  |  | 557 |  |  | 319 |  |  | 3,548 |  |  | 218,187 |  |  | 221,735 |  |  | — |
Mortgage warehouse | — |  |  | — |  |  | — |  |  | — |  |  | 965,053 |  |  | 965,053 |  |  | — |
Municipal | — |  |  | — |  |  | — |  |  | — |  |  | 441,408 |  |  | 441,408 |  |  | — |
Premium finance | 15,068 |  |  | 6,315 |  |  | 12,485 |  |  | 33,868 |  |  | 1,121,746 |  |  | 1,155,614 |  |  | 12,485 |
Real estate – construction and development | 23,102 |  |  | 461 |  |  | 3,786 |  |  | 27,349 |  |  | 1,971,157 |  |  | 1,998,506 |  |  | 89 |
Real estate – commercial and farmland | 6,787 |  |  | 2,435 |  |  | 5,980 |  |  | 15,202 |  |  | 8,430,756 |  |  | 8,445,958 |  |  | — |
Real estate – residential | 47,020 |  |  | 15,864 |  |  | 71,070 |  |  | 133,954 |  |  | 4,424,543 |  |  | 4,558,497 |  |  | — |
Total | $ | 106,949 |  |  | $ | 31,540 |  |  | $ | 106,489 |  |  | $ | 244,978 |  |  | $ | 20,494,928 |  |  | $ | 20,739,906 |  |  | $ | 17,733 |
Collateral-Dependent Loans Collateral-dependent loans are loans where repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty. If the Company determines that foreclosure is probable, these loans are written down to the lower of cost or fair value of the collateral less estimated costs to sell. When repayment is expected to be from the operation of the collateral, the allowance for credit losses is calculated as the amount by which the amortized cost basis of the financial asset exceeds the present value of expected cash flows from the operation of the collateral. The Company may, in the alternative, measure the allowance for credit loss as the amount by which the amortized cost basis of the financial asset exceeds the estimated fair value of the collateral. The following table presents an analysis of individually evaluated collateral-dependent financial assets and related allowance for credit losses:
| September 30, 2025 |  | December 31, 2024
(dollars in thousands) | Balance |  | Allowance for Credit Losses |  | Balance |  | Allowance for Credit Losses
Commercial and industrial | $ | 3,976 |  |  | $ | 812 |  |  | $ | 9,451 |  |  | $ | 1,072 |
Premium finance | 1,274 |  |  | 1 |  |  | 2,165 |  |  | 130 |
Real estate – construction and development | 585 |  |  | 124 |  |  | 2,979 |  |  | 110 |
Real estate – commercial and farmland | 5,379 |  |  | 263 |  |  | 10,882 |  |  | 149 |
Real estate – residential | 23,058 |  |  | 2,003 |  |  | 23,983 |  |  | 2,302 |
| $ | 34,272 |  |  | $ | 3,203 |  |  | $ | 49,460 |  |  | $ | 3,763 |
Credit Quality Indicators The Company uses a five category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades: Pass – This grade represents acceptable credit risk to the Company based on factors including creditworthiness of the borrower, current performance and nature of the collateral. Other Assets Especially Mentioned ("Special Mention") – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Substandard – This grade represents loans which are inadequately protected by the current creditworthiness and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values. Doubtful – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable. Loss – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off. The following tables present the loan portfolio's amortized cost by class of financing receivable, risk grade and year of origination (in thousands) as of September 30, 2025 and December 31, 2024. Generally, current period renewals of credit are underwritten again at the point of renewal and considered current period originations for purposes of the tables below. The Company had an immaterial amount of revolving loans which converted to term loans and the amortized cost basis of those loans is included in the applicable origination year. There were no loans risk graded doubtful or loss at September 30, 2025 or December 31, 2024.
As of September 30, 2025 |  | Term Loans by Origination Year |  | Revolving Loans Amortized Cost Basis |  |  |  |
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 788,552 |  |  | $ | 691,070 |  |  | $ | 453,186 |  |  | $ | 441,682 |  |  | $ | 173,241 |  |  | $ | 77,876 |  |  | $ | 649,545 |  |  |  |  | $ | 3,275,152 |
Special mention |  | 288 |  |  | 547 |  |  | 21 |  |  | 956 |  |  | 1,134 |  |  | 1,331 |  |  | 340 |  |  |  |  | 4,617 |
Substandard |  | 2 |  |  | 2,503 |  |  | 8,230 |  |  | 1,378 |  |  | 3,238 |  |  | 3,085 |  |  | 1,064 |  |  |  |  | 19,500 |
Total commercial and industrial |  | $ | 788,842 |  |  | $ | 694,120 |  |  | $ | 461,437 |  |  | $ | 444,016 |  |  | $ | 177,613 |  |  | $ | 82,292 |  |  | $ | 650,949 |  |  |  |  | $ | 3,299,269 |
Current-period gross charge offs |  | $ | 581 |  |  | $ | 7,116 |  |  | $ | 9,650 |  |  | $ | 10,872 |  |  | $ | 3,267 |  |  | $ | 882 |  |  | $ | — |  |  |  |  | $ | 32,368 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 68,145 |  |  | $ | 14,533 |  |  | $ | 10,944 |  |  | $ | 4,424 |  |  | $ | 1,271 |  |  | $ | 32,224 |  |  | $ | 69,753 |  |  |  |  | $ | 201,294 |
Special mention |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 49 |  |  | — |  |  |  |  | 59 |
Substandard |  | 156 |  |  | 113 |  |  | 197 |  |  | 68 |  |  | 35 |  |  | 698 |  |  | 68 |  |  |  |  | 1,335 |
Total consumer |  | $ | 68,301 |  |  | $ | 14,646 |  |  | $ | 11,141 |  |  | $ | 4,502 |  |  | $ | 1,306 |  |  | $ | 32,971 |  |  | $ | 69,821 |  |  |  |  | $ | 202,688 |
Current-period gross charge offs |  | $ | 93 |  |  | $ | 585 |  |  | $ | 302 |  |  | $ | 298 |  |  | $ | 47 |  |  | $ | 1,248 |  |  | $ | — |  |  |  |  | $ | 2,573 |
Mortgage Warehouse |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,083,941 |  |  |  |  | $ | 1,083,941 |
Total mortgage warehouse |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,083,941 |  |  |  |  | $ | 1,083,941 |
Current-period gross charge offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Municipal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 26,361 |  |  | $ | 26,869 |  |  | $ | 8,847 |  |  | $ | 43,273 |  |  | $ | 35,159 |  |  | $ | 296,495 |  |  | $ | 819 |  |  |  |  | $ | 437,823 |
Total municipal |  | $ | 26,361 |  |  | $ | 26,869 |  |  | $ | 8,847 |  |  | $ | 43,273 |  |  | $ | 35,159 |  |  | $ | 296,495 |  |  | $ | 819 |  |  |  |  | $ | 437,823 |
Current-period gross charge offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Premium Finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,307,446 |  |  | $ | 41,062 |  |  | $ | 426 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 1,348,934 |
Substandard |  | 6,605 |  |  | 2,720 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 9,325 |
Total premium finance |  | $ | 1,314,051 |  |  | $ | 43,782 |  |  | $ | 426 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 1,358,259 |
Current-period gross charge offs |  | $ | 666 |  |  | $ | 6,144 |  |  | $ | 207 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 7,018 |
As of September 30, 2025 |  | Term Loans by Origination Year |  | Revolving Loans Amortized Cost Basis |  |  |  |
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  | Total
Real Estate – Construction and Development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 472,897 |  |  | $ | 393,261 |  |  | $ | 64,431 |  |  | $ | 226,959 |  |  | $ | 133,106 |  |  | $ | 42,682 |  |  | $ | 74,186 |  |  |  |  | $ | 1,407,522 |
Special mention |  | — |  |  | — |  |  | — |  |  | 674 |  |  | — |  |  | 1,884 |  |  | — |  |  |  |  | 2,558 |
Substandard |  | — |  |  | 259 |  |  | 103 |  |  | 4 |  |  | 335 |  |  | 397 |  |  | — |  |  |  |  | 1,098 |
Total real estate – construction and development |  | $ | 472,897 |  |  | $ | 393,520 |  |  | $ | 64,534 |  |  | $ | 227,637 |  |  | $ | 133,441 |  |  | $ | 44,963 |  |  | $ | 74,186 |  |  |  |  | $ | 1,411,178 |
Current-period gross charge offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Real Estate – Commercial and Farmland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 662,584 |  |  | $ | 312,169 |  |  | $ | 462,341 |  |  | $ | 2,855,930 |  |  | $ | 2,073,773 |  |  | $ | 2,511,001 |  |  | $ | 102,152 |  |  |  |  | $ | 8,979,950 |
Special mention |  | — |  |  | — |  |  | — |  |  | 869 |  |  | 17,332 |  |  | 9,803 |  |  | — |  |  |  |  | 28,004 |
Substandard |  | 9,000 |  |  | 344 |  |  | 1,538 |  |  | 17,468 |  |  | 2,985 |  |  | 15,538 |  |  | 100 |  |  |  |  | 46,973 |
Total real estate – commercial and farmland |  | $ | 671,584 |  |  | $ | 312,513 |  |  | $ | 463,879 |  |  | $ | 2,874,267 |  |  | $ | 2,094,090 |  |  | $ | 2,536,342 |  |  | $ | 102,252 |  |  |  |  | $ | 9,054,927 |
Current-period gross charge offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 692 |  |  | $ | — |  |  |  |  | $ | 692 |
Real Estate - Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 186,091 |  |  | $ | 163,408 |  |  | $ | 557,611 |  |  | $ | 1,196,831 |  |  | $ | 983,717 |  |  | $ | 921,533 |  |  | $ | 314,651 |  |  |  |  | $ | 4,323,842 |
Special mention |  | — |  |  | — |  |  | 8 |  |  | 48 |  |  | 43 |  |  | 1,171 |  |  | 728 |  |  |  |  | 1,998 |
Substandard |  | 1,455 |  |  | 8,082 |  |  | 9,874 |  |  | 17,411 |  |  | 10,198 |  |  | 29,634 |  |  | 7,795 |  |  |  |  | 84,449 |
Total real estate - residential |  | $ | 187,546 |  |  | $ | 171,490 |  |  | $ | 567,493 |  |  | $ | 1,214,290 |  |  | $ | 993,958 |  |  | $ | 952,338 |  |  | $ | 323,174 |  |  |  |  | $ | 4,410,289 |
Current-period gross charge offs |  | $ | — |  |  | $ | 57 |  |  | $ | 171 |  |  | $ | 192 |  |  | $ | — |  |  | $ | 170 |  |  | $ | — |  |  |  |  | $ | 590 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 3,512,076 |  |  | $ | 1,642,372 |  |  | $ | 1,557,786 |  |  | $ | 4,769,099 |  |  | $ | 3,400,267 |  |  | $ | 3,881,811 |  |  | $ | 2,295,047 |  |  |  |  | $ | 21,058,458 |
Special mention |  | 288 |  |  | 547 |  |  | 29 |  |  | 2,557 |  |  | 18,509 |  |  | 14,238 |  |  | 1,068 |  |  |  |  | 37,236 |
Substandard |  | 17,218 |  |  | 14,021 |  |  | 19,942 |  |  | 36,329 |  |  | 16,791 |  |  | 49,352 |  |  | 9,027 |  |  |  |  | 162,680 |
Total loans |  | $ | 3,529,582 |  |  | $ | 1,656,940 |  |  | $ | 1,577,757 |  |  | $ | 4,807,985 |  |  | $ | 3,435,567 |  |  | $ | 3,945,401 |  |  | $ | 2,305,142 |  |  |  |  | $ | 21,258,374 |
Total current-period gross charge offs |  | $ | 1,340 |  |  | $ | 13,902 |  |  | $ | 10,330 |  |  | $ | 11,363 |  |  | $ | 3,314 |  |  | $ | 2,992 |  |  | $ | — |  |  |  |  | $ | 43,241 |
As of December 31, 2024 |  | Term Loans by Origination Year |  | Revolving Loans Amortized Cost Basis |  |  |  |
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
Commercial and Industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 919,301 |  |  | $ | 594,485 |  |  | $ | 523,513 |  |  | $ | 246,036 |  |  | $ | 72,397 |  |  | $ | 46,358 |  |  | $ | 512,778 |  |  |  |  | $ | 2,914,868 |
Special mention |  | 892 |  |  | 28 |  |  | 1,938 |  |  | 1,311 |  |  | 777 |  |  | 2,960 |  |  | 3,319 |  |  |  |  | 11,225 |
Substandard |  | 885 |  |  | 2,214 |  |  | 4,384 |  |  | 7,222 |  |  | 655 |  |  | 4,555 |  |  | 7,127 |  |  |  |  | 27,042 |
Total commercial and industrial |  | $ | 921,078 |  |  | $ | 596,727 |  |  | $ | 529,835 |  |  | $ | 254,569 |  |  | $ | 73,829 |  |  | $ | 53,873 |  |  | $ | 523,224 |  |  |  |  | $ | 2,953,135 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 58,113 |  |  | $ | 18,575 |  |  | $ | 8,684 |  |  | $ | 2,371 |  |  | $ | 17,405 |  |  | $ | 31,962 |  |  | $ | 83,143 |  |  |  |  | $ | 220,253 |
Special mention |  | 8 |  |  | — |  |  | 14 |  |  | — |  |  | 9 |  |  | 61 |  |  | — |  |  |  |  | 92 |
Substandard |  | 113 |  |  | 206 |  |  | 81 |  |  | 48 |  |  | 179 |  |  | 648 |  |  | 115 |  |  |  |  | 1,390 |
Total consumer |  | $ | 58,234 |  |  | $ | 18,781 |  |  | $ | 8,779 |  |  | $ | 2,419 |  |  | $ | 17,593 |  |  | $ | 32,671 |  |  | $ | 83,258 |  |  |  |  | $ | 221,735 |
Mortgage Warehouse |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 965,053 |  |  |  |  | $ | 965,053 |
Total mortgage warehouse |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 965,053 |  |  |  |  | $ | 965,053 |
Municipal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 20,133 |  |  | $ | 9,094 |  |  | $ | 44,482 |  |  | $ | 36,468 |  |  | $ | 139,046 |  |  | $ | 191,559 |  |  | $ | 626 |  |  |  |  | $ | 441,408 |
Total municipal |  | $ | 20,133 |  |  | $ | 9,094 |  |  | $ | 44,482 |  |  | $ | 36,468 |  |  | $ | 139,046 |  |  | $ | 191,559 |  |  | $ | 626 |  |  |  |  | $ | 441,408 |
Premium Finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,141,370 |  |  | $ | 1,648 |  |  | $ | 28 |  |  | $ | 83 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 1,143,129 |
Substandard |  | 12,001 |  |  | 483 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 12,485 |
Total premium finance |  | $ | 1,153,371 |  |  | $ | 2,131 |  |  | $ | 29 |  |  | $ | 83 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 1,155,614 |
Real Estate – Construction and Development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 523,704 |  |  | $ | 245,526 |  |  | $ | 835,742 |  |  | $ | 245,091 |  |  | $ | 3,619 |  |  | $ | 73,816 |  |  | $ | 66,449 |  |  |  |  | $ | 1,993,947 |
Special mention |  | — |  |  | — |  |  | 160 |  |  | 65 |  |  | — |  |  | 275 |  |  | — |  |  |  |  | 500 |
Substandard |  | — |  |  | 151 |  |  | 3,020 |  |  | 337 |  |  | — |  |  | 551 |  |  | — |  |  |  |  | 4,059 |
Total real estate – construction and development |  | $ | 523,704 |  |  | $ | 245,677 |  |  | $ | 838,922 |  |  | $ | 245,493 |  |  | $ | 3,619 |  |  | $ | 74,642 |  |  | $ | 66,449 |  |  |  |  | $ | 1,998,506 |
Real Estate – Commercial and Farmland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 330,472 |  |  | $ | 456,486 |  |  | $ | 2,373,426 |  |  | $ | 2,173,060 |  |  | $ | 990,712 |  |  | $ | 1,866,277 |  |  | $ | 113,916 |  |  |  |  | $ | 8,304,349 |
Special mention |  | — |  |  | — |  |  | 3,069 |  |  | 14,844 |  |  | 14,706 |  |  | 63,717 |  |  | — |  |  |  |  | 96,336 |
Substandard |  | — |  |  | 1,551 |  |  | 16,979 |  |  | 3,855 |  |  | 12,730 |  |  | 10,158 |  |  | — |  |  |  |  | 45,273 |
Total real estate – commercial and farmland |  | $ | 330,472 |  |  | $ | 458,037 |  |  | $ | 2,393,474 |  |  | $ | 2,191,759 |  |  | $ | 1,018,148 |  |  | $ | 1,940,152 |  |  | $ | 113,916 |  |  |  |  | $ | 8,445,958 |
As of December 31, 2024 |  | Term Loans by Origination Year |  | Revolving Loans Amortized Cost Basis |  |  |  |
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  | Total
Real Estate - Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 193,939 |  |  | $ | 628,098 |  |  | $ | 1,291,666 |  |  | $ | 1,046,164 |  |  | $ | 460,887 |  |  | $ | 561,386 |  |  | $ | 292,193 |  |  |  |  | $ | 4,474,333 |
Special mention |  | — |  |  | 10 |  |  | 52 |  |  | 16 |  |  | 157 |  |  | 1,375 |  |  | 1,173 |  |  |  |  | 2,783 |
Substandard |  | 2,718 |  |  | 9,880 |  |  | 14,040 |  |  | 9,885 |  |  | 10,603 |  |  | 26,236 |  |  | 8,019 |  |  |  |  | 81,381 |
Total real estate - residential |  | $ | 196,657 |  |  | $ | 637,988 |  |  | $ | 1,305,758 |  |  | $ | 1,056,065 |  |  | $ | 471,647 |  |  | $ | 588,997 |  |  | $ | 301,385 |  |  |  |  | $ | 4,558,497 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 3,187,032 |  |  | $ | 1,953,912 |  |  | $ | 5,077,541 |  |  | $ | 3,749,273 |  |  | $ | 1,684,066 |  |  | $ | 2,771,358 |  |  | $ | 2,034,158 |  |  |  |  | $ | 20,457,340 |
Special mention |  | 900 |  |  | 38 |  |  | 5,233 |  |  | 16,236 |  |  | 15,649 |  |  | 68,388 |  |  | 4,492 |  |  |  |  | 110,936 |
Substandard |  | 15,717 |  |  | 14,485 |  |  | 38,505 |  |  | 21,347 |  |  | 24,167 |  |  | 42,148 |  |  | 15,261 |  |  |  |  | 171,630 |
Total loans |  | $ | 3,203,649 |  |  | $ | 1,968,435 |  |  | $ | 5,121,279 |  |  | $ | 3,786,856 |  |  | $ | 1,723,882 |  |  | $ | 2,881,894 |  |  | $ | 2,053,911 |  |  |  |  | $ | 20,739,906 |
Allowance for Credit Losses on Loans The allowance for credit losses represents an allowance for expected losses over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio. Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged off in accordance with the Federal Financial Institutions Examination Council’s (the “FFIEC”) Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged off and any further collections are treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of Loss, the uncollectible portion is charged off. The Company’s methodologies for estimating the allowance for credit losses consider available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of loans with similar risk characteristics for which the historical loss experience was observed. The Company utilizes a one year reasonable and supportable forecast period. The Company’s methodologies revert back to historical loss information on a straight-line basis over four quarters after the reasonable and supportable forecast period. During the nine months ended September 30, 2025, the allowance for credit losses increased due to the current economic forecast, an increase in the office portfolio qualitative factor and organic loan growth, partially offset by a change in the mix of loans. The allowance for credit losses was determined at September 30, 2025 using an equal weighting of two economic forecasts from Moody's in order to align with management's best estimate over the reasonable and supportable forecast period. The Moody's baseline and downside 75th percentile S-2 scenarios were equally weighted. The allowance for credit losses was determined at December 31, 2024 using the Moody's baseline scenario economic forecast weighted at 75% and the downside 75th percentile S-2 scenario was weighted at 25%. The current forecast reflects, among other things, increases in unemployment and commercial real estate vacancies, along with declines in GDP and home price indices compared with the forecast at December 31, 2024. The following tables detail activity and end of period balances in the allowance for credit losses by portfolio segment for the periods indicated. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
Three Months Ended September 30, 2025
(dollars in thousands) | Commercial and Industrial |  | Consumer |  | Mortgage Warehouse |  | Municipal |  | Premium Finance |  | Real Estate – Construction and Development
Balance, June 30, 2025 | $ | 88,985 |  |  | $ | 6,573 |  |  | $ | 2,280 |  |  | $ | 58 |  |  | $ | 783 |  |  | $ | 47,306 |
Provision for loan losses | 6,570 |  |  | (630) |  |  | (72) |  |  | — |  |  | 268 |  |  | 2,925 |
Loans charged off | (9,992) |  |  | (720) |  |  | — |  |  | — |  |  | (1,970) |  |  | — |
Recoveries of loans previously charged off | 3,786 |  |  | 237 |  |  | — |  |  | — |  |  | 1,779 |  |  | 27 |
Balance, September 30, 2025 | $ | 89,349 |  |  | $ | 5,460 |  |  | $ | 2,208 |  |  | $ | 58 |  |  | $ | 860 |  |  | $ | 50,258 |
| Real Estate – Commercial and Farmland |  | Real Estate – Residential |  | Total |  |  |  |  |  |
Balance, June 30, 2025 | $ | 127,794 |  |  | $ | 67,788 |  |  | $ | 341,567 |  |  |  |  |  |  |
Provision for loan losses | 2,002 |  |  | 113 |  |  | 11,176 |  |  |  |  |  |  |
Loans charged off | (692) |  |  | (257) |  |  | (13,631) |  |  |  |  |  |  |
Recoveries of loans previously charged off | 114 |  |  | 239 |  |  | 6,182 |  |  |  |  |  |  |
Balance, September 30, 2025 | $ | 129,218 |  |  | $ | 67,883 |  |  | $ | 345,294 |  |  |  |  |  |  |
Nine Months Ended September 30, 2025
(dollars in thousands) | Commercial and Industrial |  | Consumer |  | Mortgage Warehouse |  | Municipal |  | Premium Finance |  | Real Estate – Construction and Development
Balance, December 31, 2024 | $ | 87,242 |  |  | $ | 7,327 |  |  | $ | 2,262 |  |  | $ | 58 |  |  | $ | 736 |  |  | $ | 60,421 |
Provision for loan losses | 22,303 |  |  | (77) |  |  | (54) |  |  | — |  |  | 1,030 |  |  | (10,199) |
Loans charged off | (32,368) |  |  | (2,573) |  |  | — |  |  | — |  |  | (7,018) |  |  | — |
Recoveries of loans previously charged off | 12,172 |  |  | 783 |  |  | — |  |  | — |  |  | 6,112 |  |  | 36 |
Balance, September 30, 2025 | $ | 89,349 |  |  | $ | 5,460 |  |  | $ | 2,208 |  |  | $ | 58 |  |  | $ | 860 |  |  | $ | 50,258 |
| Real Estate – Commercial and Farmland |  | Real Estate – Residential |  | Total |  |  |  |  |  |
Balance, December 31, 2024 | $ | 118,377 |  |  | $ | 61,661 |  |  | $ | 338,084 |  |  |  |  |  |  |
Provision for loan losses | 11,317 |  |  | 6,485 |  |  | 30,805 |  |  |  |  |  |  |
Loans charged off | (692) |  |  | (590) |  |  | (43,241) |  |  |  |  |  |  |
Recoveries of loans previously charged off | 216 |  |  | 327 |  |  | 19,646 |  |  |  |  |  |  |
Balance, September 30, 2025 | $ | 129,218 |  |  | $ | 67,883 |  |  | $ | 345,294 |  |  |  |  |  |  |
Three Months Ended September 30, 2024
(dollars in thousands) | Commercial and Industrial |  | Consumer |  | Mortgage Warehouse |  | Municipal |  | Premium Finance |  | Real Estate – Construction and Development
Balance, June 30, 2024 | $ | 66,542 |  |  | $ | 3,479 |  |  | $ | 2,142 |  |  | $ | 60 |  |  | $ | 702 |  |  | $ | 77,482 |
Provision for loan losses | 8,463 |  |  | 1,222 |  |  | 30 |  |  | 137 |  |  | 180 |  |  | (2,506) |
Loans charged off | (12,316) |  |  | (853) |  |  | — |  |  | — |  |  | (2,102) |  |  | — |
Recoveries of loans previously charged off | 4,979 |  |  | 309 |  |  | — |  |  | — |  |  | 1,860 |  |  | 6 |
Balance, September 30, 2024 | $ | 67,668 |  |  | $ | 4,157 |  |  | $ | 2,172 |  |  | $ | 197 |  |  | $ | 640 |  |  | $ | 74,982 |
| Real Estate – Commercial and Farmland |  | Real Estate – Residential |  | Total |  |  |  |  |  |
Balance, June 30, 2024 | $ | 121,963 |  |  | $ | 63,848 |  |  | $ | 336,218 |  |  |  |  |  |  |
Provision for loan losses | (1,885) |  |  | 672 |  |  | 6,313 |  |  |  |  |  |  |
Loans charged off | (58) |  |  | (23) |  |  | (15,352) |  |  |  |  |  |  |
Recoveries of loans previously charged off | 61 |  |  | 63 |  |  | 7,278 |  |  |  |  |  |  |
Balance, September 30, 2024 | $ | 120,081 |  |  | $ | 64,560 |  |  | $ | 334,457 |  |  |  |  |  |  |
Nine Months Ended September 30, 2024
(dollars in thousands) | Commercial and Industrial |  | Consumer |  | Mortgage Warehouse |  | Municipal |  | Premium Finance |  | Real Estate – Construction and Development
Balance, December 31, 2023 | $ | 64,053 |  |  | $ | 3,952 |  |  | $ | 1,678 |  |  | $ | 345 |  |  | $ | 602 |  |  | $ | 61,017 |
Provision for loan losses | 31,479 |  |  | 2,102 |  |  | 494 |  |  | (148) |  |  | 343 |  |  | 13,911 |
Loans charged off | (40,150) |  |  | (2,974) |  |  | — |  |  | — |  |  | (6,910) |  |  | — |
Recoveries of loans previously charged off | 12,286 |  |  | 1,077 |  |  | — |  |  | — |  |  | 6,605 |  |  | 54 |
Balance, September 30, 2024 | $ | 67,668 |  |  | $ | 4,157 |  |  | $ | 2,172 |  |  | $ | 197 |  |  | $ | 640 |  |  | $ | 74,982 |
| Real Estate – Commercial and Farmland |  | Real Estate – Residential |  | Total |  |  |  |  |  |
Balance, December 31, 2023 | $ | 110,097 |  |  | $ | 65,356 |  |  | $ | 307,100 |  |  |  |  |  |  |
Provision for loan losses | 9,900 |  |  | (897) |  |  | 57,184 |  |  |  |  |  |  |
Loans charged off | (571) |  |  | (49) |  |  | (50,654) |  |  |  |  |  |  |
Recoveries of loans previously charged off | 655 |  |  | 150 |  |  | 20,827 |  |  |  |  |  |  |
Balance, September 30, 2024 | $ | 120,081 |  |  | $ | 64,560 |  |  | $ | 334,457 |  |  |  |  |  |  |
Modifications to Borrowers Experiencing Financial Difficulty The Company periodically provides modifications to borrowers experiencing financial difficulty. Loan modifications, renewals, and refinancings where borrowers are experiencing financial difficulty are evaluated for classification as a modification to borrowers experiencing financial difficulty. To be classified as such, the modifications must be in the form of payment deferrals, term extensions, interest rate reductions, principal forgiveness or combinations of modification types. The determination of whether the borrower is experiencing financial difficulty is made on the date of the modification. When principal forgiveness is provided, the amount of principal forgiveness is charged off against the allowance for credit losses with a corresponding reduction in the amortized cost basis of the loan. The following table shows the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted during the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30, 2025
(dollars in thousands) |  | Payment Deferral |  | Term Extension |  | Combination Payment Deferral and Rate Reduction |  | Combination Payment Deferral and Term Extension |  | Combination of Term Extension and Rate Reduction |  | Total |  | Percentage of Total Class of Financial Receivable
Real estate – residential |  | $ | 1,155 |  |  | $ | 1,749 |  |  | $ | — |  |  | $ | — |  |  | $ | 725 |  |  | $ | 3,629 |  |  | 0.1 | %
Total |  | $ | 1,155 |  |  | $ | 1,749 |  |  | $ | — |  |  | $ | — |  |  | $ | 725 |  |  | $ | 3,629 |  |  | — | %
Nine Months Ended September 30, 2025
(dollars in thousands) |  | Payment Deferral |  | Term Extension |  | Combination Payment Deferral and Rate Reduction |  | Combination Payment Deferral and Term Extension |  | Combination of Term Extension and Rate Reduction |  | Total |  | Percentage of Total Class of Financial Receivable
Commercial and industrial |  | $ | — |  |  | $ | 5,747 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,747 |  |  | 0.2 | %
Real estate – commercial and farmland |  | — |  |  | 700 |  |  | — |  |  | 9,690 |  |  | — |  |  | 10,390 |  |  | 0.1 | %
Real estate – residential |  | 2,265 |  |  | 5,275 |  |  | 505 |  |  | — |  |  | 2,023 |  |  | 10,068 |  |  | 0.2 | %
Total |  | $ | 2,265 |  |  | $ | 11,722 |  |  | $ | 505 |  |  | $ | 9,690 |  |  | $ | 2,023 |  |  | $ | 26,205 |  |  | 0.1 | %
Three Months Ended September 30, 2024
(dollars in thousands) |  | Payment Deferral |  | Term Extension |  | Interest Rate Reduction |  |  |  | Combination of Term Extension and Rate Reduction |  | Total |  | Percentage of Total Class of Financial Receivable
Real estate – residential |  | $ | — |  |  | $ | 3,185 |  |  | $ | 835 |  |  |  |  | $ | 2,833 |  |  | $ | 6,853 |  |  | 0.1 | %
Total |  | $ | — |  |  | $ | 3,185 |  |  | $ | 835 |  |  |  |  | $ | 2,833 |  |  | $ | 6,853 |  |  | — | %
Nine Months Ended September 30, 2024
(dollars in thousands) |  | Payment Deferral |  | Term Extension |  | Interest Rate Reduction |  |  |  | Combination of Term Extension and Rate Reduction |  | Total |  | Percentage of Total Class of Financial Receivable
Commercial and industrial |  | $ | 605 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 605 |  |  | — | %
Real estate – residential |  | — |  |  | 8,671 |  |  | 1,336 |  |  |  |  | 4,170 |  |  | 14,177 |  |  | 0.3 | %
Total |  | $ | 605 |  |  | $ | 8,671 |  |  | $ | 1,336 |  |  |  |  | $ | 4,170 |  |  | $ | 14,782 |  |  | 0.1 | %
The Company had unfunded commitments to borrowers experiencing financial difficulty for which the Company has modified their loans of $2.0 million and $179,000 at September 30, 2025 and December 31, 2024, respectively. The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2025 and 2024, respectively:
Three Months Ended September 30, 2025 |  |
Loan Type |  | Financial Effect
Payment Deferral |  |
Real estate – residential |  | Payments were deferred for a weighted average 10 months
Term Extension |  |
Real estate – residential |  | Maturity dates were extended for a weighted average of 67 months
Combination Term Extension and Rate Reduction |  |
Real estate – residential |  | Maturity dates were extended for a weighted average 36 months and rate was reduced by a weighted average 2.75%
Nine Months Ended September 30, 2025 |  |
Loan Type |  | Financial Effect
Payment Deferral |  |
Real estate – residential |  | Payments were deferred for a weighted average of 9 months
Term Extension |  |
Commercial and industrial |  | Maturity dates were extended for a weighted average of 13 months
Real estate – commercial and farmland |  | Maturity dates were extended for a weighted average of 9 months
Real estate – residential |  | Maturity dates were extended for a weighted average of 83 months
Combination Payment Deferral and Term Extension |  |
Real estate – commercial and farmland |  | Maturity dates were extended for a weighted average 3 months and payments were deferred for 12 months
Combination Term Extension and Rate Reduction |  |
Real estate – residential |  | Maturity dates were extended for a weighted average 37 months and rate was reduced by a weighted average 1.42%
Combination Payment Deferral and Rate Reduction |  |
Real estate – residential |  | Payments were deferred for 7 months and rate was reduced by a weighted average 1.50%
Three Months Ended September 30, 2024 |  |
Loan Type |  | Financial Effect
Interest Rate Reduction |  |
Real estate – residential |  | Rate was reduced by 3.63%
Term Extension |  |
Real estate – residential |  | Maturity dates were extended for a weighted average of 94 months
Combination Term Extension and Rate Reduction |  |
Real estate – residential |  | Maturity dates were extended for a weighted average 101 months and rate was reduced by a weighted average 2.35%
Nine Months Ended September 30, 2024 |  |
Loan Type |  | Financial Effect
Interest Rate Reduction |  |
Real estate – residential |  | Rate was reduced by a weighted average 2.88%
Payment Deferral |  |
Commercial and industrial |  | Payments were deferred for 16 months
Term Extension |  |
Real estate – residential |  | Maturity dates were extended for a weighted average of 89 months
Combination Term Extension and Rate Reduction |  |
Real estate – residential |  | Maturity dates were extended for a weighted average 104 months and rate was reduced by a weighted average 2.51%
The Company monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last 12 months:
As of September 30, 2025 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total
Commercial and industrial |  | $ | 5,747 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,747 |
Real estate – commercial and farmland |  | 10,608 |  |  | — |  |  | 329 |  |  | — |  |  | 10,937 |
Real estate – residential |  | 6,376 |  |  | 4,201 |  |  | 2,270 |  |  | 4,817 |  |  | 17,664 |
Total |  | $ | 22,731 |  |  | $ | 4,201 |  |  | $ | 2,599 |  |  | $ | 4,817 |  |  | $ | 34,348 |
As of September 30, 2024 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total
Commercial and industrial |  | $ | 2,343 |  |  | $ | 959 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,302 |
Real estate – commercial and farmland |  | 2,544 |  |  | — |  |  | — |  |  | — |  |  | 2,544 |
Real estate – residential |  | 11,189 |  |  | 2,872 |  |  | 615 |  |  | 2,572 |  |  | 17,248 |
Total |  | $ | 16,076 |  |  | $ | 3,831 |  |  | $ | 615 |  |  | $ | 2,572 |  |  | $ | 23,094 |
The following table provides the amortized cost basis of financing receivables that had a payment default during the three months ended September 30, 2025 and were modified in the 12 months before default to borrowers experiencing financial difficulty.
(dollars in thousands) |  |  |  | Term Extension |  | Payment Deferral |  | Combination of Payment Deferral and Term Extension |  | Combination of Term Extension and Rate Reduction |  | Combination Payment Deferral and Rate Reduction |  | Total
Real estate – commercial and farmland |  |  |  | $ | — |  |  | $ | — |  |  | $ | 329 |  |  | $ | — |  |  | $ | — |  |  | $ | 329 |
Real estate – residential |  |  |  | 5,128 |  |  | 1,638 |  |  | — |  |  | 4,017 |  |  | 505 |  |  | $ | 11,288 |
Total |  |  |  | $ | 5,128 |  |  | $ | 1,638 |  |  | $ | 329 |  |  | $ | 4,017 |  |  | $ | 505 |  |  | $ | 11,617 |
The following table provides the amortized cost basis of financing receivables that had a payment default during the nine months ended September 30, 2025 and were modified in the 12 months before default to borrowers experiencing financial difficulty.
(dollars in thousands) |  |  |  | Term Extension |  | Payment Deferral |  | Combination of Payment Deferral and Term Extension |  | Combination of Term Extension and Rate Reduction |  | Combination Payment Deferral and Rate Reduction |  | Total
Real estate – commercial and farmland |  |  |  | $ | 547 |  |  | $ | — |  |  | $ | 329 |  |  | $ | — |  |  | $ | — |  |  | 876 |
Real estate – residential |  |  |  | 5,711 |  |  | 1,638 |  |  | — |  |  | 4,017 |  |  | 505 |  |  | $ | 11,871 |
Total |  |  |  | $ | 6,258 |  |  | $ | 1,638 |  |  | $ | 329 |  |  | $ | 4,017 |  |  | $ | 505 |  |  | $ | 12,747 |
The following table provides the amortized cost basis of financing receivables that had a payment default during three months ended September 30, 2024 and were modified in the 12 months before default to borrowers experiencing financial difficulty.
(dollars in thousands) |  | Interest Rate Reduction |  | Term Extension |  | Payment Deferral |  | Combination of Term Extension and Rate Reduction |  | Total
Commercial and industrial |  | $ | — |  |  | $ | — |  |  | $ | 959 |  |  | $ | — |  |  | $ | 959 |
Real estate – commercial and farmland |  | 815 |  |  | — |  |  | — |  |  | — |  |  | 815 |
Real estate – residential |  | — |  |  | 5,793 |  |  | — |  |  | 2,233 |  |  | 8,026 |
Total |  | $ | 815 |  |  | $ | 5,793 |  |  | $ | 959 |  |  | $ | 2,233 |  |  | $ | 9,800 |
The following table provides the amortized cost basis of financing receivables that had a payment default during nine months ended September 30, 2024 and were modified in the 12 months before default to borrowers experiencing financial difficulty.
(dollars in thousands) |  | Interest Rate Reduction |  | Term Extension |  | Payment Deferral |  | Combination of Term Extension and Rate Reduction |  | Total
Commercial and industrial |  | $ | — |  |  | $ | — |  |  | $ | 1,056 |  |  | $ | — |  |  | $ | 1,056 |
Real estate – commercial and farmland |  | 815 |  |  | — |  |  | — |  |  | — |  |  | 815 |
Real estate – residential |  | — |  |  | 6,400 |  |  | — |  |  | 2,233 |  |  | 8,633 |
Total |  | $ | 815 |  |  | $ | 6,400 |  |  | $ | 1,056 |  |  | $ | 2,233 |  |  | $ | 10,504 |

X
- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration