XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.3
Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2025
Allowance for Credit Losses  
Schedule of commercial real estate loan portfolio disaggregated by the type of real estate securing the credit

September 30, 2025

December 31, 2024

(Dollars in Thousands)

(Dollars in Thousands)

Amount

Percent of Total

Amount

Percent of Total

Commercial real estate:

Commercial real estate construction development

    

$

1,094,570

17.4

%

$

1,313,984

23.0

%

Hotel

 

1,063,914

 

17.0

 

1,080,706

 

18.9

Retail multi-tenant

 

722,207

 

11.5

 

738,874

 

12.9

Multi-family

622,232

9.9

310,115

5.4

Lot development: residential and commercial lots

 

612,017

 

9.8

 

513,760

 

9.0

Office/Professional buildings

 

511,359

 

8.2

 

416,014

 

7.3

Warehouse

 

443,213

 

7.1

 

435,783

 

7.6

1 - 4 family construction

385,380

6.2

338,832

5.9

Owner occupied real estate

353,540

5.6

270,584

4.7

Commercial leased properties

331,068

5.3

194,023

3.4

Farmland

122,371

2.0

109,697

1.9

Total commercial real estate

$

6,261,871

100.0

%

$

5,722,372

100.0

%

Loans individually or collectively evaluated for their impairment and related allowance, by loan class

Three Months Ended September 30, 2025

Domestic

Foreign

 

    

    

Commercial

    

    

    

    

    

    

Real Estate:

Other

Commercial

Construction &

Real Estate:

Commercial

Land

Farmland &

Real Estate:

Residential:

Residential:

Commercial

Development

Commercial

Multifamily

First Lien

Junior Lien

Consumer

Foreign

Total

(Dollars in Thousands)  

Balance at June 30, 2025

$

28,414

$

54,065

$

46,660

$

8,000

$

6,242

$

9,998

$

273

$

1,331

$

154,983

Losses charged to allowance

 

(1,968)

(1)

(56)

 

(2,025)

Recoveries credited to allowance

 

625

71

9

8

8

 

721

Net (losses) recoveries charged to allowance

 

(1,343)

 

 

71

 

 

9

 

7

 

(48)

 

 

(1,304)

Credit loss expense

 

1,585

(7,019)

3,471

2,740

210

(185)

46

979

 

1,827

Balance at September 30, 2025

$

28,656

$

47,046

$

50,202

$

10,740

$

6,461

$

9,820

$

271

$

2,310

$

155,506

Three Months Ended September 30, 2024

Domestic

Foreign

 

    

    

Commercial

    

    

    

    

    

    

    

Real Estate:

Other

Commercial

Construction &

Real Estate:

Commercial

Land

Farmland &

Real Estate:

Residential:

Residential:

Commercial

Development

Commercial

Multifamily

First Lien

Junior Lien

Consumer

Foreign

Total

(Dollars in Thousands)  

Balance at June 30, 2024

$

27,255

$

54,840

$

44,888

$

3,528

$

5,806

$

10,639

$

314

$

1,339

$

148,609

Losses charged to allowance

 

(2,329)

(42)

 

(2,371)

Recoveries credited to allowance

 

1,231

6

2

13

6

1

 

1,259

Net (losses) recoveries charged to allowance

 

(1,098)

 

 

6

 

 

2

 

13

 

(36)

 

1

 

(1,112)

Credit loss expense

 

3,723

5,182

(510)

4

214

(70)

14

45

 

8,602

Balance at September 30, 2024

$

29,880

$

60,022

$

44,384

$

3,532

$

6,022

$

10,582

$

292

$

1,385

$

156,099

Nine Months Ended September 30, 2025

Domestic

Foreign

    

    

Commercial

    

    

    

    

    

    

    

Real Estate:

Other

Commercial

Construction &

Real Estate:

Commercial

Land

Farmland &

Real Estate:

Residential:

Residential:

Commercial

Development

Commercial

Multifamily

First Lien

Junior Lien

Consumer

Foreign

Total

(Dollars in Thousands)  

Balance at December 31, 2024

$

29,853

$

60,639

$

43,990

$

4,869

$

5,528

$

10,031

$

281

$

1,346

$

156,537

Losses charged to allowance

 

(5,505)

(8,121)

(49)

(203)

(124)

 

(14,002)

Recoveries credited to allowance

 

3,072

183

24

124

14

 

3,417

Net (losses) recoveries charged to allowance

 

(2,433)

 

(8,121)

 

183

 

 

(25)

 

(79)

 

(110)

 

 

(10,585)

Credit loss expense

 

1,236

(5,472)

6,029

5,871

958

(132)

100

964

 

9,554

Balance at September 30, 2025

$

28,656

$

47,046

$

50,202

$

10,740

$

6,461

$

9,820

$

271

$

2,310

$

155,506

Nine Months Ended September 30, 2024

Domestic

Foreign

 

    

    

Commercial

    

    

    

    

    

    

    

Real Estate:

Other

Commercial

Construction &

Real Estate:

Commercial

Land

Farmland &

Real Estate:

Residential:

Residential:

Commercial

Development

Commercial

Multifamily

First Lien

Junior Lien

Consumer

Foreign

Total

(Dollars in Thousands)  

Balance at December 31, 2023

$

35,550

$

55,291

$

42,703

$

5,088

$

5,812

$

11,024

$

318

$

1,283

$

157,069

Losses charged to allowance

 

(32,049)

(2,228)

(46)

(132)

 

(34,455)

Recoveries credited to allowance

 

3,020

16

38

48

11

1

 

3,134

Net (losses) recoveries charged to allowance

 

(29,029)

 

(2,228)

 

16

 

 

(8)

 

48

 

(121)

 

1

 

(31,321)

Credit loss expense

 

23,359

6,959

1,665

(1,556)

218

(490)

95

101

 

30,351

Balance at September 30, 2024

$

29,880

$

60,022

$

44,384

$

3,532

$

6,022

$

10,582

$

292

$

1,385

$

156,099

September 30, 2025

Loans Individually

Loans Collectively

Evaluated For

Evaluated For

Impairment

Impairment

Recorded

Recorded

Investment

Allowance

Investment

Allowance

(Dollars in Thousands)

Domestic

Commercial

    

$

52,290

    

$

400

    

$

1,750,352

    

$

28,256

Commercial real estate: other construction & land development

 

 

 

2,226,013

 

47,046

Commercial real estate: farmland & commercial

 

58,735

 

8,228

 

3,341,099

 

41,974

Commercial real estate: multifamily

 

42,763

 

4,260

 

579,045

 

6,480

Residential: first lien

 

37

 

 

600,484

 

6,461

Residential: junior lien

 

141

 

 

456,504

 

9,820

Consumer

 

 

 

50,741

 

271

Foreign

 

 

 

242,765

 

2,310

Total

$

153,966

$

12,888

$

9,247,003

$

142,618

December 31, 2024

Loans Individually

Loans Collectively

Evaluated For

Evaluated For

Impairment

Impairment

Recorded

Recorded

Investment

Allowance

Investment

Allowance

(Dollars in Thousands)

Domestic

Commercial

    

$

52,110

    

$

400

    

$

1,799,693

    

$

29,453

Commercial real estate: other construction & land development

 

8,195

 

8,122

 

2,476,259

 

52,517

Commercial real estate: farmland & commercial

 

65,733

 

8,228

 

2,862,070

 

35,762

Commercial real estate: multifamily

 

42,964

 

1,882

 

267,151

 

2,987

Residential: first lien

 

45

 

 

530,039

 

5,528

Residential: junior lien

 

141

 

 

469,088

 

10,031

Consumer

 

 

 

49,777

 

281

Foreign

 

 

 

186,561

 

1,346

Total

$

169,188

$

18,632

$

8,640,638

$

137,905

Loans accounted on non-accrual basis, by loan class

September 30, 2025

December 31, 2024

(Dollars in Thousands)

Total Non-Accrual Loans

Non-Accrual Loans with No Credit Allowance

Total Non-Accrual Loans

Non-Accrual Loans with No Credit Allowance

Domestic

Commercial

    

$

52,290

$

51,670

$

52,110

$

51,276

Commercial real estate: other construction & land development

 

 

 

8,195

 

73

Commercial real estate: farmland & commercial

 

58,735

 

20,045

 

65,733

 

24,757

Commercial real estate: multifamily

 

42,763

 

5,062

 

42,964

 

73

Residential: first lien

 

94

 

94

 

134

 

134

Total non-accrual loans

$

153,882

$

76,871

$

169,136

$

76,313

Information regarding the aging of past due loans, by loan class

September 30, 2025

90 Days or

Total

30 - 59

60 - 89

90 Days or

greater &

Past

Total

Days

Days

Greater

still accruing

Due

Current

Portfolio

(Dollars in Thousands)

Domestic

Commercial

    

$

5,332

    

$

574

    

$

89,988

    

$

43,026

    

$

95,894

    

$

1,706,748

    

$

1,802,642

Commercial real estate: other construction & land development

 

3,711

 

814

 

1,198

 

1,198

 

5,723

 

2,220,290

 

2,226,013

Commercial real estate: farmland & commercial

 

1,382

 

840

 

40,100

 

3,819

 

42,322

 

3,357,512

 

3,399,834

Commercial real estate: multifamily

 

329

 

 

 

 

329

 

621,479

 

621,808

Residential: first lien

 

8,918

 

2,908

 

3,711

 

3,655

 

15,537

 

584,984

 

600,521

Residential: junior lien

 

2,377

 

1,171

 

3,080

 

3,080

 

6,628

 

450,017

 

456,645

Consumer

 

234

 

30

 

27

 

27

 

291

 

50,450

 

50,741

Foreign

 

1,172

 

2,738

 

195

 

195

 

4,105

 

238,660

 

242,765

Total past due loans

$

23,455

$

9,075

$

138,299

$

55,000

$

170,829

$

9,230,140

$

9,400,969

December 31, 2024

90 Days or

Total

30 - 59

60 - 89

90 Days or

greater &

Past

Total

Days

Days

Greater

still accruing

Due

Current

Portfolio

 

(Dollars in Thousands)

Domestic

    

    

    

    

    

    

    

    

    

    

    

    

    

    

Commercial

$

4,070

    

$

51,577

    

$

579

    

$

534

    

$

56,226

    

$

1,795,577

    

$

1,851,803

Commercial real estate: other construction & land development

 

2,421

 

15

 

8,122

 

 

10,558

 

2,473,896

 

2,484,454

Commercial real estate: farmland & commercial

 

1,221

 

 

26,416

 

262

 

27,637

 

2,900,166

 

2,927,803

Commercial real estate: multifamily

 

 

270

 

25,064

 

 

25,334

 

284,781

 

310,115

Residential: first lien

 

4,763

 

1,337

 

3,631

 

3,542

 

9,731

 

520,353

 

530,084

Residential: junior lien

 

2,599

 

1,544

 

2,000

 

2,000

 

6,143

 

463,086

 

469,229

Consumer

 

122

 

32

 

16

 

16

 

170

 

49,607

 

49,777

Foreign

 

816

 

1,992

 

339

 

339

 

3,147

 

183,414

 

186,561

Total past due loans

$

16,012

$

56,767

$

66,167

$

6,693

$

138,946

$

8,670,880

$

8,809,826

Summary of the loan portfolio by credit quality indicator, by loan class

    

2025

    

2024

    

2023

    

2022

    

2021

    

Prior

    

Total

(Dollars in Thousands)

Balance at September 30, 2025

Domestic

Commercial

    

Pass

$

872,922

$

277,736

$

222,694

$

96,728

$

172,289

$

96,017

$

1,738,386

Special Review

48

48

Watch List - Pass

10,536

10,536

Watch List - Substandard

734

356

219

72

1,381

Watch List - Doubtful

4,687

731

46,873

52,291

Total Commercial

$

888,879

$

278,871

$

269,786

$

96,728

$

172,361

$

96,017

$

1,802,642

Commercial

Current-period gross writeoffs

$

3,517

$

1,985

$

$

$

$

3

$

5,505

Commercial real estate: other construction & land development

Pass

$

917,894

$

691,297

$

500,643

$

56,591

$

33,689

$

7,966

$

2,208,080

Special Review

17,658

17,658

Watch List - Substandard

275

275

Total Commercial real estate: other construction & land development

$

935,552

$

691,572

$

500,643

$

56,591

$

33,689

$

7,966

$

2,226,013

Commercial real estate: other construction & land development

Current-period gross writeoffs

$

$

$

$

8,121

$

$

$

8,121

Commercial real estate: farmland & commercial

 

Pass

$

648,406

$

691,463

$

650,682

$

641,119

$

259,581

$

342,471

$

3,233,722

Special Review

18,463

2,657

65,135

2,053

339

88,647

Watch List - Pass

15,928

193

16,121

Watch List - Substandard

147

1,426

240

447

349

2,609

Watch List - Doubtful

46,340

12,395

58,735

Total Commercial real estate: farmland & commercial

$

729,284

$

695,739

$

716,057

$

656,014

$

259,581

$

343,159

$

3,399,834

Commercial real estate: multifamily

 

Pass

$

111,717

$

58,696

$

249,721

$

116,980

$

12,535

$

29,396

$

579,045

Watch List - Doubtful

12,698

30,065

42,763

Total Commercial real estate: multifamily

$

124,415

$

88,761

$

249,721

$

116,980

$

12,535

$

29,396

$

621,808

Residential: first lien

Pass

$

208,940

$

93,104

$

101,093

$

73,430

$

46,778

$

76,759

$

600,104

Watch List - Substandard

91

288

379

Watch List - Doubtful

22

16

38

Total Residential: first lien

$

208,962

$

93,195

$

101,093

$

73,446

$

47,066

$

76,759

$

600,521

Residential: first lien

Current-period gross writeoffs

$

$

46

$

$

$

$

3

$

49

Residential: junior lien

Pass

$

47,107

$

81,204

$

62,592

$

58,044

$

62,637

$

144,920

$

456,504

Watch List- Doubtful

141

141

Total Residential: junior lien

$

47,248

$

81,204

$

62,592

$

58,044

$

62,637

$

144,920

$

456,645

Residential: junior lien

Current-period gross writeoffs

$

$

120

$

$

$

$

83

$

203

Consumer

Pass

$

34,388

$

12,760

$

1,488

$

499

$

154

$

1,452

$

50,741

Total Consumer

$

34,388

$

12,760

$

1,488

$

499

$

154

$

1,452

$

50,741

Consumer

Current-period gross writeoffs

$

24

$

77

$

23

$

$

$

$

124

Foreign

 

Pass

$

115,100

$

59,784

$

36,878

$

13,786

$

11,025

$

6,192

$

242,765

Total Foreign

$

115,100

$

59,784

$

36,878

$

13,786

$

11,025

$

6,192

$

242,765

Total Loans

$

3,083,828

$

2,001,886

$

1,938,258

$

1,072,088

$

599,048

$

705,861

$

9,400,969

    

2024

    

2023

    

2022

    

2021

    

2020

    

Prior

    

Total

(Dollars in Thousands)

Balance at December 31, 2024

Domestic

Commercial

    

Pass

$

993,045

$

343,212

$

135,057

$

214,702

$

37,670

$

63,030

$

1,786,716

Special Review

Watch List - Pass

11,113

11,113

Watch List - Substandard

1,341

327

74

122

1,864

Watch List - Doubtful

881

51,184

45

52,110

Total Commercial

$

995,267

$

405,836

$

135,176

$

214,824

$

37,670

$

63,030

$

1,851,803

Commercial

Current-period gross writeoffs

$

5,711

$

2,689

$

25,686

$

44

$

14

$

5

$

34,149

Commercial real estate: other construction & land development

Pass

$

1,029,399

$

921,180

$

322,348

$

144,221

$

39,908

$

2,925

$

2,459,981

Special Review

16,000

16,000

Watch List - Substandard

278

278

Watch List - Doubtful

73

8,122

8,195

Total Commercial real estate: other construction & land development

$

1,029,750

$

937,180

$

330,470

$

144,221

$

39,908

$

2,925

$

2,484,454

Commercial real estate: other construction & land development

Current-period gross writeoffs

$

$

1,146

$

1,082

$

$

$

$

2,228

Commercial real estate: farmland & commercial

 

Pass

$

814,273

$

631,806

$

531,035

$

312,757

$

220,510

$

245,334

$

2,755,715

Special Review

643

67,567

68,210

Watch List - Pass

16,490

16,490

Watch List - Substandard

18,934

242

2,122

357

21,655

Watch List - Doubtful

52,973

115

12,645

65,733

Total Commercial real estate: farmland & commercial

$

903,313

$

699,730

$

545,802

$

312,757

$

220,867

$

245,334

$

2,927,803

Commercial real estate: farmland & commercial

Commercial real estate: multifamily

 

Pass

$

90,092

$

11,538

$

108,830

$

18,621

$

8,198

$

29,871

$

267,150

Watch List - Doubtful

17,901

25,064

42,965

Total Commercial real estate: multifamily

$

107,993

$

36,602

$

108,830

$

18,621

$

8,198

$

29,871

$

310,115

Commercial real estate: multifamily

Residential: first lien

Pass

$

180,743

$

107,100

$

81,618

$

57,503

$

29,316

$

73,390

$

529,670

Watch List - Substandard

95

274

369

Watch List - Doubtful

23

22

45

Total Residential: first lien

$

180,861

$

107,100

$

81,640

$

57,777

$

29,316

$

73,390

$

530,084

Residential: first lien

Current-period gross writeoffs

$

$

$

$

$

$

46

$

46

Residential: junior lien

Pass

$

91,202

$

73,740

$

65,144

$

70,969

$

65,799

$

102,234

$

469,088

Watch List- Doubtful

141

141

Total Residential: junior lien

$

91,343

$

73,740

$

65,144

$

70,969

$

65,799

$

102,234

$

469,229

Residential: junior lien

Consumer

Pass

$

38,778

$

8,137

$

904

$

422

$

22

$

1,514

$

49,777

Total Consumer

$

38,778

$

8,137

$

904

$

422

$

22

$

1,514

$

49,777

Consumer

Current-period gross writeoffs

$

43

$

120

$

22

$

$

$

$

185

Foreign

 

Pass

$

124,716

$

30,648

$

16,877

$

6,962

$

2,879

$

4,479

$

186,561

Total Foreign

$

124,716

$

30,648

$

16,877

$

6,962

$

2,879

$

4,479

$

186,561

Foreign

Total Loans

$

3,472,021

$

2,298,973

$

1,284,843

$

826,553

$

404,659

$

522,777

$

8,809,826