XML 55 R39.htm IDEA: XBRL DOCUMENT v3.25.4
Allowance for Credit Losses (Tables)
12 Months Ended
Dec. 31, 2025
Allowance for Credit Losses  
Schedule of commercial real estate loan portfolio disaggregated by the type of real estate securing the credit

December 31, 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

  ​ ​ ​

$

1,170,201

18.8

%

$

1,313,984

23.0

%

Hotel

 

1,074,069

 

17.3

 

1,080,706

 

18.9

Multi-family

685,212

11.0

310,115

5.4

Lot development: residential and commercial lots

 

618,209

 

9.9

 

513,760

 

9.0

Retail multi-tenant

 

528,793

 

8.5

 

738,874

 

12.9

Warehouse

 

455,265

 

7.3

 

435,783

 

7.6

Office/Professional buildings

 

440,909

 

7.1

 

416,014

 

7.3

1 - 4 family construction

398,320

6.4

338,832

5.9

Owner occupied real estate

372,333

6.0

270,584

4.7

Commercial leased properties

339,397

5.5

194,023

3.4

Farmland

137,945

2.2

109,697

1.9

Total commercial real estate

$

6,220,653

100.0

%

$

5,722,372

100.0

%

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

December 31, 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

 

(7,673)

 

(8,122)

 

 

(104)

 

(260)

 

(200)

 

 

(16,359)

Recoveries credited to allowance

 

3,539

 

 

183

 

 

27

 

133

 

22

 

 

3,904

Net losses charged to allowance

 

(4,134)

 

(8,122)

 

183

 

 

(77)

 

(127)

 

(178)

 

 

(12,455)

Provision (credit) charged to operations

 

2,210

(3,610)

 

2,240

 

9,844

 

1,274

 

(484)

 

176

 

3,442

 

15,092

Balance at December 31, 2025

$

27,929

$

48,907

$

46,413

$

14,713

$

6,725

$

9,420

$

279

$

4,788

$

159,174

December 31, 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

 

(34,149)

 

(2,228)

 

 

(46)

 

 

(185)

 

 

(36,608)

Recoveries credited to allowance

 

4,079

 

 

20

 

 

38

 

123

 

13

 

1

 

4,274

Net losses charged to allowance

 

(30,070)

 

(2,228)

 

20

 

 

(8)

 

123

 

(172)

 

1

 

(32,334)

Provision (credit) charged to operations

 

24,373

7,576

 

1,267

 

(219)

 

(276)

 

(1,116)

 

135

 

62

 

31,802

Balance at December 31, 2024

$

29,853

$

60,639

$

43,990

$

4,869

$

5,528

$

10,031

$

281

$

1,346

$

156,537

December 31, 2023

 

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, 2022

  ​ ​ ​

$

26,728

$

44,684

$

36,474

$

3,794

$

4,759

$

8,284

$

281

$

968

  ​ ​ ​

$

125,972

Losses charged to allowance

 

(9,664)

 

 

 

(43)

 

(298)

 

(179)

 

 

(10,184)

Recoveries credited to allowance

 

5,433

 

837

 

143

 

 

16

 

260

 

16

 

 

6,705

Net losses charged to allowance

 

(4,231)

 

837

 

143

 

 

(27)

 

(38)

 

(163)

 

 

(3,479)

Provision (credit) charged to operations

 

13,053

9,770

 

6,086

 

1,294

 

1,080

 

2,778

 

200

 

315

 

34,576

Balance at December 31, 2023

$

35,550

$

55,291

$

42,703

$

5,088

$

5,812

$

11,024

$

318

$

1,283

$

157,069

December 31, 2025

Loans Individually

Loans Collectively

Evaluated For

Evaluated For

Impairment

Impairment

Recorded

Recorded

Investment

Allowance

Investment

Allowance

(Dollars in Thousands)

Domestic

Commercial

  ​ ​ ​

$

52,397

  ​ ​ ​

$

500

  ​ ​ ​

$

1,683,346

  ​ ​ ​

$

27,429

Commercial real estate: other construction & land development

 

 

 

2,338,593

 

48,907

Commercial real estate: farmland & commercial

 

45,066

 

7,000

 

3,137,903

 

39,413

Commercial real estate: multifamily

 

42,787

 

7,600

 

642,006

 

7,113

Residential: first lien

 

31

 

 

629,403

 

6,725

Residential: junior lien

 

 

 

445,076

 

9,420

Consumer

 

 

 

51,003

 

279

Foreign

 

 

 

392,811

 

4,788

Total

$

140,281

$

15,100

$

9,320,141

$

144,074

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

December 31, 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

  ​ ​ ​

$

52,397

$

51,513

$

52,110

$

51,276

Commercial real estate: other construction & land development

 

 

 

8,195

 

73

Commercial real estate: farmland & commercial

 

45,066

 

22,003

 

65,733

 

24,757

Commercial real estate: multifamily

 

42,787

 

5,086

 

42,964

 

73

Residential: first lien

 

52

 

52

 

134

 

134

Total non-accrual loans

$

140,302

$

78,654

$

169,136

$

76,313

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

December 31, 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

  ​ ​ ​

$

5,988

  ​ ​ ​

$

795

  ​ ​ ​

$

47,509

  ​ ​ ​

$

515

  ​ ​ ​

$

54,292

  ​ ​ ​

$

1,681,450

  ​ ​ ​

$

1,735,742

Commercial real estate: other construction & land development

 

836

 

 

721

 

721

 

1,557

 

2,337,036

 

2,338,593

Commercial real estate: farmland & commercial

 

567

 

23,923

 

 

 

24,490

 

3,158,480

 

3,182,970

Commercial real estate: multifamily

 

33,684

 

 

12,637

 

 

46,321

 

638,472

 

684,793

Residential: first lien

 

5,898

 

3,093

 

5,787

 

5,766

 

14,778

 

614,656

 

629,434

Residential: junior lien

 

1,766

 

945

 

2,190

 

2,190

 

4,901

 

440,175

 

445,076

Consumer

 

250

 

31

 

8

 

8

 

289

 

50,714

 

51,003

Foreign

 

1,296

 

2,771

 

626

 

626

 

4,693

 

388,118

 

392,811

Total past due loans

$

50,285

$

31,558

$

69,478

$

9,826

$

151,321

$

9,309,101

$

9,460,422

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 December 31, 2025

Domestic

Commercial

  ​ ​ ​

Pass

$

952,495

$

172,120

$

204,095

$

84,301

$

169,430

$

89,567

$

1,672,008

Watch List - Pass

10,358

10,358

Watch List - Substandard

705

55

183

36

979

Watch List - Doubtful

4,735

702

46,885

10

65

52,397

Total Commercial

$

968,293

$

172,877

$

251,163

$

84,311

$

169,495

$

89,603

$

1,735,742

Commercial

Current-period gross writeoffs

$

5,659

$

2,001

$

12

$

$

$

1

$

7,673

Commercial real estate: other construction & land development

Pass

$

1,232,753

$

535,289

$

497,267

$

37,432

$

32,409

$

3,313

$

2,338,463

Watch List - Substandard

130

130

Total Commercial real estate: other construction & land development

$

1,232,753

$

535,419

$

497,267

$

37,432

$

32,409

$

3,313

$

2,338,593

Commercial real estate: other construction & land development

Current-period gross writeoffs

$

$

$

$

8,122

$

$

$

8,122

Commercial real estate: farmland & commercial

 

Pass

$

880,871

$

576,080

$

582,532

$

628,474

$

176,016

$

245,564

$

3,089,537

Special Review

18,417

18,417

Watch List - Pass

27,378

184

27,562

Watch List - Substandard

1,918

237

233

2,388

Watch List - Doubtful

45,066

45,066

Total Commercial real estate: farmland & commercial

$

973,650

$

576,264

$

582,769

$

628,707

$

176,016

$

245,564

$

3,182,970

Commercial real estate: multifamily

 

Pass

$

217,455

$

79,833

$

254,234

$

49,276

$

12,419

$

28,789

$

642,006

Watch List - Doubtful

12,694

30,093

42,787

Total Commercial real estate: multifamily

$

230,149

$

109,926

$

254,234

$

49,276

$

12,419

$

28,789

$

684,793

Residential: first lien

Pass

$

257,052

$

84,549

$

98,590

$

71,410

$

45,734

$

71,704

$

629,039

Watch List - Substandard

90

274

364

Watch List - Doubtful

20

11

31

Total Residential: first lien

$

257,072

$

84,639

$

98,590

$

71,421

$

46,008

$

71,704

$

629,434

Residential: first lien

Current-period gross writeoffs

$

$

101

$

$

$

$

3

$

104

Residential: junior lien

Pass

$

55,556

$

76,596

$

58,790

$

56,080

$

59,089

$

138,965

$

445,076

Total Residential: junior lien

$

55,556

$

76,596

$

58,790

$

56,080

$

59,089

$

138,965

$

445,076

Residential: junior lien

Current-period gross writeoffs

$

$

120

$

$

$

56

$

84

$

260

Consumer

Pass

$

39,920

$

8,417

$

664

$

421

$

128

$

1,453

$

51,003

Total Consumer

$

39,920

$

8,417

$

664

$

421

$

128

$

1,453

$

51,003

Consumer

Current-period gross writeoffs

$

76

$

99

$

24

$

$

$

1

$

200

Foreign

 

Pass

$

276,180

$

53,392

$

35,700

$

12,535

$

10,454

$

4,550

$

392,811

Total Foreign

$

276,180

$

53,392

$

35,700

$

12,535

$

10,454

$

4,550

$

392,811

Total Loans

$

4,033,573

$

1,617,530

$

1,779,177

$

940,183

$

506,018

$

583,941

$

9,460,422

  ​ ​ ​

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