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LOANS AND CREDIT QUALITY (Tables) | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Schedule of Loans Held for Investment | The loan and lease receivable portfolio consisted of the following as of the dates indicated:
(in thousands) | September 30, 2025 |  | December 31, 2024
Commercial and industrial | $547,311 |  | $410,040
Commercial real estate |  |  |
Multifamily | 5,448,374 |  | 2,794,581
Non-owner occupied | 1,864,040 |  | 1,657,597
Owner occupied | 709,239 |  | 360,100
Construction and land development | 535,776 |  | 104,430
Residential real estate | 3,907,101 |  | 2,280,963
Auto | 954,615 |  | 1,596,935
Other consumer | 602,339 |  | 438,851
Total loan and lease receivables before allowance for credit losses | 14,568,795 |  | 9,643,497
Allowance for credit losses on loans and leases | (168,959) |  | (88,558)
Net loan and lease receivables | $14,399,836 |  | $9,554,939
Activity in Allowance for Credit Losses | The following tables present the activity in the allowance for credit losses on loans and leases by portfolio segment for the quarter and nine months ended September 30, 2025 and 2024:
(in thousands) | Commercial and Industrial |  | Commercial Real Estate |  | Residential Real Estate |  | Auto |  | Other Consumer |  | Total
Quarter Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on loans and leases |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $3,456 |  | $33,599 |  | $4,977 |  | $23,867 |  | $2,435 |  | $68,334
Initial allowance on acquired PCD loans (1) | 15,923 |  | 42,934 |  | 4,612 |  | 1 |  | 24 |  | 63,494
Provision for credit losses | 4,311 |  | 24,780 |  | 12,613 |  | 3,553 |  | 801 |  | 46,058
Loans charged off | (484) |  | (250) |  | (9) |  | (11,365) |  | (695) |  | (12,803)
Recoveries | 38 |  | — |  | — |  | 3,677 |  | 161 |  | 3,876
Ending balance | $23,244 |  | $101,063 |  | $22,193 |  | $19,733 |  | $2,726 |  | $168,959
(1)ACL on loans identified as PCD on the Merger date. For additional discussion on PCD loans, refer to Note 1, “Summary of Significant Accounting Policies,” and Note 2, “Business Combination.”
(in thousands) | Commercial and Industrial |  | Commercial Real Estate |  | Residential Real Estate |  | Auto |  | Other Consumer |  | Total
Quarter Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on loans and leases |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $5,409 |  | $34,092 |  | $6,741 |  | $58,698 |  | $3,081 |  | $108,021
Provision for credit losses | (103) |  | 590 |  | 58 |  | 5,730 |  | 455 |  | 6,730
Loans charged off | (313) |  | — |  | — |  | (13,318) |  | (941) |  | (14,572)
Recoveries | 12 |  | — |  | — |  | 3,025 |  | 265 |  | 3,302
Ending balance | $5,005 |  | $34,682 |  | $6,799 |  | $54,135 |  | $2,860 |  | $103,481
(in thousands) | Commercial and Industrial |  | Commercial Real Estate |  | Residential Real Estate |  | Auto |  | Other Consumer |  | Total
Nine Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on loans and leases |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $4,869 |  | $35,097 |  | $4,656 |  | $41,282 |  | $2,654 |  | $88,558
Initial allowance on acquired PCD loans (1) | 15,923 |  | 42,934 |  | 4,612 |  | 1 |  | 24 |  | 63,494
Provision for credit losses | 2,864 |  | 23,282 |  | 12,934 |  | 2,144 |  | 1,439 |  | 42,663
Loans charged off | (705) |  | (250) |  | (9) |  | (32,125) |  | (1,880) |  | (34,969)
Recoveries | 293 |  | — |  | — |  | 8,431 |  | 489 |  | 9,213
Ending balance | $23,244 |  | $101,063 |  | $22,193 |  | $19,733 |  | $2,726 |  | $168,959
(1)ACL on loans identified as PCD on the Merger date. For additional discussion on PCD loans, refer to Note 1, “Summary of Significant Accounting Policies,” and Note 2, “Business Combination.”
(in thousands) | Commercial and Industrial |  | Commercial Real Estate |  | Residential Real Estate |  | Auto |  | Other Consumer |  | Total
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses on loans and leases |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $5,805 |  | $31,486 |  | $6,745 |  | $87,053 |  | $2,689 |  | $133,778
Provision (reversal of provision) for credit losses | (1,219) |  | 3,196 |  | 64 |  | (1,567) |  | 2,210 |  | 2,684
Loans charged off | (525) |  | — |  | (10) |  | (42,850) |  | (2,649) |  | (46,034)
Recoveries | 944 |  | — |  | — |  | 11,499 |  | 610 |  | 13,053
Ending balance | $5,005 |  | $34,682 |  | $6,799 |  | $54,135 |  | $2,860 |  | $103,481
In addition to the ACL for LHFI, the Company maintains a separate allowance for unfunded loan commitments, which is included in i nterest payable and other liabilities on the consolidated balance sheets. The following table presents changes in the allowance for credit losses on unfunded lending commitments for the quarter and nine months ended September 30, 2025 and 2024:
| Quarter Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Allowance for credit losses on unfunded lending commitments |  |  |  |  |  |  |
Beginning balance | $3,735 |  | $4,818 |  | $4,366 |  | $4,314
Initial allowance on acquired loans | 3,736 |  | — |  | 3,736 |  | —
Provision for credit losses | 960 |  | 13 |  | 329 |  | 517
Ending balance | $8,431 |  | $4,831 |  | $8,431 |  | $4,831
Schedule of Loans on Nonaccrual with no Related Allowance for Credit Loss | The following table presents the amortized cost in nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of September 30, 2025 and December 31, 2024:
| September 30, 2025
(in thousands) | Nonaccrual With No Allowance for Credit Loss |  | Total Nonaccrual |  | Loans Past Due 90 Days or More Still Accruing
Commercial and industrial | $1,303 |  | $23,707 |  | $—
Commercial real estate |  |  |  |  |
Multifamily | 1,816 |  | 3,430 |  | —
Non-owner occupied | 3,371 |  | 15,018 |  | —
Owner occupied | 1,177 |  | 2,854 |  | —
Construction and land development | 140 |  | 2,987 |  | —
Residential real estate | 1,302 |  | 7,596 |  | 2,653
Auto | 1 |  | 4,986 |  | —
Other consumer | 8 |  | 8 |  | —
Total | $9,118 |  | $60,586 |  | $2,653
| December 31, 2024
(in thousands) | Nonaccrual With No Allowance for Credit Loss |  | Total Nonaccrual |  | Loans Past Due 90 Days or More Still Accruing
Commercial and industrial | $1,145 |  | $1,145 |  | $211
Commercial real estate |  |  |  |  |
Multifamily | — |  | — |  | —
Non-owner occupied | — |  | — |  | —
Owner occupied | — |  | — |  | —
Construction and land development | 441 |  | 441 |  | —
Residential real estate | 2,854 |  | 2,854 |  |
Auto | 564 |  | 6,252 |  | —
Other consumer | 1 |  | 1 |  | —
Total | $5,005 |  | $10,693 |  | $211
Schedule of Credit Quality Indicators | Based on the most recent analysis performed, the following table presents the amortized cost, by risk category of loans and origination year, for commercial and industrial and commercial real estate loan classes at September 30, 2025 and December 31, 2024. In addition, year-to-date charge-offs for the nine months ended September 30, 2025 and the twelve months ended December 31, 2024 are presented by origination year.
(in thousands) | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
September 30, 2025 |  |  |  |  |  |  |  |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $18,360 |  | $44,507 |  | $55,030 |  | $32,011 |  | $27,792 |  | $83,171 |  | $226,292 |  | $885 |  | $488,048
Special mention | — |  | 114 |  | — |  | 493 |  | 1,078 |  | 2,932 |  | 479 |  | — |  | 5,096
Substandard | 68 |  | 634 |  | 382 |  | 33,126 |  | 600 |  | 15,952 |  | 3,405 |  | — |  | 54,167
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $18,428 |  | $45,255 |  | $55,412 |  | $65,630 |  | $29,470 |  | $102,055 |  | $230,176 |  | $885 |  | $547,311
Year-to-date gross charge-offs | $— |  | $383 |  | $100 |  | $— |  | $16 |  | $— |  | $206 |  | $— |  | $705
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $52,711 |  | $180,574 |  | $459,247 |  | $2,212,986 |  | $1,183,086 |  | $1,094,711 |  | $38,131 |  | $— |  | $5,221,446
Special mention | — |  | — |  | — |  | 49,972 |  | 24,099 |  | 43,439 |  | — |  | — |  | 117,510
Substandard | — |  | — |  | 6,553 |  | 63,028 |  | 24,356 |  | 15,481 |  | — |  | — |  | 109,418
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $52,711 |  | $180,574 |  | $465,800 |  | $2,325,986 |  | $1,231,541 |  | $1,153,631 |  | $38,131 |  | $— |  | $5,448,374
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $—
Non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $3,057 |  | $13,810 |  | $36,000 |  | $385,373 |  | $138,952 |  | $1,124,892 |  | $41,734 |  | $— |  | $1,743,818
Special mention | — |  | — |  | — |  | — |  | — |  | 58,762 |  | — |  | — |  | 58,762
Substandard | — |  | — |  | — |  | — |  | — |  | 61,460 |  | — |  | — |  | 61,460
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $3,057 |  | $13,810 |  | $36,000 |  | $385,373 |  | $138,952 |  | $1,245,114 |  | $41,734 |  | $— |  | $1,864,040
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $250 |  | $— |  | $— |  | $250
Owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $19,286 |  | $11,012 |  | $27,972 |  | $112,543 |  | $76,237 |  | $386,615 |  | $6,248 |  | $— |  | 639,913
Special mention | — |  | — |  | — |  | 10,282 |  | 7,017 |  | 39,718 |  | — |  | — |  | 57,017
Substandard | — |  | — |  | — |  | 274 |  | 5,211 |  | 6,824 |  | — |  | — |  | 12,309
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $19,286 |  | $11,012 |  | $27,972 |  | $123,099 |  | $88,465 |  | $433,157 |  | $6,248 |  | $— |  | $709,239
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $—
Construction and land development
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $236,608 |  | $179,266 |  | $73,857 |  | $13,823 |  | $5,049 |  | $13,586 |  | $600 |  | $— |  | $522,789
Special mention | — |  | — |  | — |  | 10,000 |  | — |  | — |  | — |  | — |  | 10,000
Substandard | — |  | — |  | — |  | — |  | — |  | 2,987 |  | — |  | — |  | 2,987
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $236,608 |  | $179,266 |  | $73,857 |  | $23,823 |  | $5,049 |  | $16,573 |  | $600 |  | $— |  | $535,776
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $—
(in thousands) | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
December 31, 2024 |  |  |  |  |  |  |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $28,334 |  | $113,024 |  | $41,271 |  | $23,098 |  | $55,675 |  | $140,905 |  | $— |  | $402,307
Special mention | — |  | — |  | — |  | 107 |  | 789 |  | — |  | — |  | 896
Substandard | — |  | — |  | 5 |  | 166 |  | 6,665 |  | 1 |  | — |  | 6,837
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $28,334 |  | $113,024 |  | $41,276 |  | $23,371 |  | $63,129 |  | $140,906 |  | $— |  | $410,040
Year-to-date gross charge-offs | $— |  | $191 |  | $95 |  | $2 |  | $127 |  | $806 |  | $— |  | $1,221
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $183,739 |  | $383,108 |  | $777,706 |  | $690,644 |  | $736,585 |  | $21,469 |  | $— |  | $2,793,251
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Substandard | — |  | — |  | — |  | — |  | 1,330 |  | — |  | — |  | 1,330
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $183,739 |  | $383,108 |  | $777,706 |  | $690,644 |  | $737,915 |  | $21,469 |  | $— |  | $2,794,581
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $—
Non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $15,127 |  | $37,938 |  | $347,939 |  | $95,368 |  | $1,082,553 |  | $42,257 |  | $— |  | $1,621,182
Special mention | — |  | — |  | — |  | — |  | 9,026 |  | — |  | — |  | 9,026
Substandard | — |  | — |  | — |  | — |  | 27,389 |  | — |  | — |  | 27,389
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $15,127 |  | $37,938 |  | $347,939 |  | $95,368 |  | $1,118,968 |  | $42,257 |  | $— |  | $1,657,597
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— | $— | $—
Owner-occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $10,840 |  | $23,340 |  | $62,849 |  | $47,056 |  | $189,436 |  | $3,357 |  | $— |  | $336,878
Special mention | — |  | — |  | — |  | — |  | 13,111 |  | — |  | — |  | 13,111
Substandard | — |  | — |  | — |  | — |  | 10,111 |  | — |  | — |  | 10,111
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $10,840 |  | $23,340 |  | $62,849 |  | $47,056 |  | $212,658 |  | $3,357 |  | $— |  | $360,100
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $—
Construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $34,891 |  | $13,515 |  | $34,985 |  | $141 |  | $20,355 |  | $102 |  | $— |  | $103,989
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Substandard | — |  | — |  | — |  | — |  | 441 |  | — |  | — |  | 441
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Total | $34,891 |  | $13,515 |  | $34,985 |  | $141 |  | $20,796 |  | $102 |  | $— |  | $104,430
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $— |  | $—
The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses. For residential and consumer loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the amortized cost in residential and consumer loans based upon year of origination at September 30, 2025 and December 31, 2024. In addition, year-to- date charge-offs for the nine months ended September 30, 2025 and the twelve months ended December 31, 2024 are presented by origination year.
(in thousands) | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
September 30, 2025 |  |  |  |  |  |  |  |
Residential real estate
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $412,755 |  | $176,598 |  | $116,483 |  | $782,678 |  | $835,953 |  | $1,077,996 |  | $491,871 |  | $5,171 |  | $3,899,505
Nonperforming | — |  | — |  | — |  | 405 |  | — |  | 4,152 |  | 2,898 |  | 141 |  | 7,596
Total | $412,755 |  | $176,598 |  | $116,483 |  | $783,083 |  | $835,953 |  | $1,082,148 |  | $494,769 |  | $5,312 |  | $3,907,101
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $— |  | $9 |  | $— |  | $— |  | $9
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $165 |  | $260 |  | $56,105 |  | $544,758 |  | $283,351 |  | $64,989 |  | $— |  | $— |  | $949,628
Nonperforming | — |  | — |  | 253 |  | 3,051 |  | 1,304 |  | 379 |  | — |  | — |  | $4,987
Total | $165 |  | $260 |  | $56,358 |  | $547,809 |  | $284,655 |  | $65,368 |  | $— |  | $— |  | $954,615
Year-to-date gross charge-offs | $— |  | $— |  | $1,325 |  | $18,657 |  | $9,744 |  | $2,399 |  | $— |  | $— |  | $32,125
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $160,340 |  | $172,039 |  | $145,144 |  | $72,037 |  | $16,992 |  | $29,841 |  | $5,938 |  | $— |  | $602,331
Nonperforming | — |  | 1 |  | — |  | — |  | — |  | — |  | 7 |  | — |  | 8
Total | $160,340 |  | $172,040 |  | $145,144 |  | $72,037 |  | $16,992 |  | $29,841 |  | $5,945 |  | $— |  | $602,339
Year-to-date gross charge-offs | $450 |  | $1 |  | $— |  | $— |  | 511 |  | $868 |  | $50 |  | $— |  | $1,880
(in thousands) | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Converted to Term |  | Total
December 31, 2024 |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $235,132 |  | $97,522 |  | $456,174 |  | $608,721 |  | $810,899 |  | $69,661 |  | $— |  | $2,278,109
Nonperforming | — |  | — |  | — |  | — |  | 2,037 |  | 817 |  | — |  | 2,854
Total | $235,132 |  | $97,522 |  | $456,174 |  | $608,721 |  | $812,936 |  | $70,478 |  | $— |  | $2,280,963
Year-to-date gross charge-offs | $— |  | $— |  | $— |  | $— |  | $10 |  | $— |  | $— |  | $10
Auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $— |  | $81,178 |  | $831,402 |  | $497,176 |  | $180,927 |  | $— |  | $— |  | $1,590,683
Nonperforming | — |  | 316 |  | 3,355 |  | 1,900 |  | 681 |  | — |  | — |  | 6,252
Total | $— |  | $81,494 |  | $834,757 |  | $499,076 |  | $181,608 |  | $— |  | $— |  | $1,596,935
Year-to-date gross charge-offs | $— |  | $2,223 |  | $29,978 |  | $16,780 |  | $6,116 |  | $— |  | $— |  | $55,097
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payment performance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $167,162 |  | $136,903 |  | $71,023 |  | $22,414 |  | $38,429 |  | $2,919 |  | $— |  | $438,850
Nonperforming | — |  | — |  | — |  | — |  | — |  | 1 |  | — |  | $1
Total | $167,162 |  | $136,903 |  | $71,023 |  | $22,414 |  | $38,429 |  | $2,920 |  | $— |  | $438,851
Year-to-date gross charge-offs | $700 |  | $— |  | $— |  | $950 |  | $1,521 |  | $47 |  | $— |  | $3,218
Schedule of Collateral Dependent Loans | The following table presents the amortized cost of collateral-dependent loans by class and collateral type as of September 30, 2025 and December 31, 2024:
| September 30, 2025
(in thousands) | Auto |  | Equipment |  | Farmland |  | Multifamily |  | Retail Building |  | Single Family Residential |  | Other non- real estate |  | Total Loans
Commercial and industrial | $— |  | $293 |  | $3,848 |  | $— |  | $1,015 |  | $2,808 |  | $12,858 |  | $20,822
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multifamily | — |  | — |  | — |  | 17,892 |  | — |  | — |  | — |  | 17,892
Non-owner occupied | — |  | — |  | — |  | — |  | 15,018 |  | — |  | — |  | 15,018
Owner occupied | — |  | — |  | — |  | — |  | 2,090 |  | — |  | — |  | 2,090
Construction and land development | — |  | — |  | 2,987 |  | — |  | — |  | — |  | — |  | 2,987
Residential real estate | — |  | — |  | — |  | 165 |  | — |  | 1,892 |  | — |  | 2,057
Total | $— |  | $293 |  | $6,835 |  | $18,057 |  | $18,123 |  | $4,700 |  | $12,858 |  | $60,866
| December 31, 2024
(in thousands) | Auto |  | Equipment |  | Farmland |  | Multifamily |  | Retail Building |  | Single Family Residential |  | Other non- real estate |  | Total Loans
Commercial and industrial | $5 |  | $10 |  | $— |  | $— |  | $1,064 |  | $— |  | $— |  | $1,079
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | — |  | — |  | 441 |  | — |  | — |  | — |  | — |  | 441
Residential real estate | — |  | — |  | — |  | — |  | — |  | 2,853 |  | — |  | 2,853
Total | $5 |  | $10 |  | $441 |  | $— |  | $1,064 |  | $2,853 |  | $— |  | $4,373
Schedule of Loans Past Due | The following tables present the aging of the amortized cost in past due loans as of September 30, 2025 and December 31, 2024 by class of loans:
| September 30, 2025
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 89 Days Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total Loans
Commercial and industrial | $1,876 |  | $436 |  | $9,178 |  | $11,490 |  | $535,821 |  | $547,311
Commercial real estate |  |  |  |  |  |  |  |  |  |  |
Multifamily | 2,095 |  | — |  | 1,614 |  | 3,709 |  | 5,444,665 |  | 5,448,374
Non-owner occupied | 1,000 |  | — |  | 14,018 |  | 15,018 |  | 1,849,022 |  | 1,864,040
Owner occupied | — |  | — |  | 1,177 |  | 1,177 |  | 708,062 |  | 709,239
Construction and land development | 1,204 |  | — |  | 2,987 |  | 4,191 |  | 531,585 |  | 535,776
Residential real estate | 12,756 |  | 3,033 |  | 6,422 |  | 22,211 |  | 3,884,890 |  | 3,907,101
Auto | 24,693 |  | 7,615 |  | 2,915 |  | 35,223 |  | 919,392 |  | 954,615
Other consumer | 1,054 |  | 121 |  | 5 |  | 1,180 |  | 601,159 |  | 602,339
Total | $44,678 |  | $11,205 |  | $38,316 |  | $94,199 |  | $14,474,596 |  | $14,568,795
| December 31, 2024
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 89 Days Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total Loans
Commercial and industrial | $1,920 |  | $82 |  | $278 |  | $2,280 |  | $407,760 |  | $410,040
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |
Multifamily | 1,940 |  | — |  | — |  | 1,940 |  | 2,792,641 |  | 2,794,581
Non-owner occupied | 513 |  | — |  | — |  | 513 |  | 1,657,084 |  | 1,657,597
Owner occupied | 1,005 |  | — |  | — |  | 1,005 |  | 359,095 |  | 360,100
Construction and land development | 5,400 |  | — |  | 140 |  | 5,540 |  | 98,890 |  | 104,430
Residential real estate | 13,662 |  | 406 |  | 502 |  | 14,570 |  | 2,266,393 |  | 2,280,963
Auto | 53,197 |  | 12,637 |  | 5,161 |  | 70,995 |  | 1,525,940 |  | 1,596,935
Other consumer | 361 |  | 214 |  | 1 |  | 576 |  | 438,275 |  | 438,851
Total | $77,998 |  | $13,339 |  | $6,082 |  | $97,419 |  | $9,546,078 |  | $9,643,497
Schedule of Loan Modifications | The following tables present the amortized cost of loans at September 30, 2025 and 2024 that were both experiencing financial difficulty and modified during the quarters and nine months ended September 30, 2025 and 2024, by class and by type of modification. The percentage of the amortized cost of loans that were modified to borrowers in financial distress as compared to the amortized cost of each class of financing receivable is also presented below.
| Quarter Ended September 30, 2025
(in thousands) | Principal Forgiveness |  | Payment Delay |  | Term Extension |  | Interest Rate Reduction |  | Combined Term Extension and Principal Forgiveness |  | Combined Term Extension and Interest Rate Reduction |  | Combined Payment Delay and Term Extension |  | Total Class of Financing Receivable
Commercial and industrial | $— |  | $11,760 |  | $68 |  | $— |  | $— |  | $— |  | $4,158 |  | 2.92%
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | — |  | — |  | — |  | — |  | — |  | — |  | 2,847 |  | 0.53%
Residential real estate | — |  | 206 |  | — |  | — |  | — |  | — |  | 1,344 |  | 0.04%
Total | $— |  | $11,966 |  | $68 |  | $— |  | $— |  | $— |  | $8,349 |  | 0.14%
| Quarter Ended September 30, 2024
(in thousands) | Principal Forgiveness |  | Payment Delay |  | Term Extension |  | Interest Rate Reduction |  | Combined Term Extension and Principal Forgiveness |  | Combined Term Extension and Interest Rate Reduction |  | Combined Payment Delay and Term Extension |  | Total Class of Financing Receivable
Commercial and industrial | $— |  | $— |  | $788 |  | $— |  | $— |  | $— |  | $— |  | 0.19%
Residential real estate | — |  | — |  | 204 |  | — |  | — |  | — |  | — |  | 0.01%
Total | $— |  | $— |  | $992 |  | $— |  | $— |  | $— |  | $— |  | 0.01%
| Nine Months Ended September 30, 2025
(in thousands) | Principal Forgiveness |  | Payment Delay |  | Term Extension |  | Interest Rate Reduction |  | Combined Term Extension and Principal Forgiveness |  | Combined Term Extension and Interest Rate Reduction |  | Combined Payment Delay and Term Extension |  | Total Class of Financing Receivable
Commercial and industrial | $— |  | $11,760 |  | $176 |  | $— |  | $— |  | $— |  | $5,813 |  | 3.24%
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multifamily | — |  | 1,614 |  | — |  | — |  | — |  | — |  | — |  | 0.03%
Construction and land development | — |  | — |  | — |  | — |  | — |  | — |  | 2,847 |  | 0.53%
Residential real estate | — |  | 206 |  | — |  | — |  | — |  | — |  | 1,861 |  | 0.05%
Total | $— |  | $13,580 |  | $176 |  | $— |  | $— |  | $— |  | $10,521 |  | 0.17%
| Nine Months Ended September 30, 2024
(in thousands) | Principal Forgiveness |  | Payment Delay |  | Term Extension |  | Interest Rate Reduction |  | Combined Term Extension and Principal Forgiveness |  | Combined Term Extension and Interest Rate Reduction |  | Combined Payment Delay and Term Extension |  | Total Class of Financing Receivable
Commercial and industrial | $— |  | $— |  | $1,003 |  | $— |  | $— |  | $— |  | $— |  | 0.24%
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied | — |  | — |  | 15,978 |  | — |  | — |  | — |  | — |  | 0.93%
Residential real estate | — |  | — |  | 204 |  | — |  | — |  | — |  | — |  | 0.01%
Total | $— |  | $— |  | $17,185 |  | $— |  | $— |  | $— |  | $— |  | 0.17%
The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the quarters and nine months ended September 30, 2025 and 2024:
| Quarter Ended September 30, 2025
(dollars in thousands) | Principal Forgiveness |  | Weighted- Average Interest Rate Reduction |  | Weighted- Average Term Extension <months>
Commercial and industrial | $— |  | —% |  | 18
Commercial real estate |  |  |  |  |
Construction and land development | — |  | —% |  | 18
Residential real estate | — |  | —% |  | 67
Total | $— |  | —% |  | 26
| Quarter Ended September 30, 2024
(dollars in thousands) | Principal Forgiveness |  | Weighted- Average Interest Rate Reduction |  | Weighted- Average Term Extension <months>
Commercial and industrial | $— |  | —% |  | 20
Residential real estate | — |  | —% |  | 12
Total | $— |  | —% |  | 18
| Nine Months Ended September 30, 2025
(dollars in thousands) | Principal Forgiveness |  | Weighted- Average Interest Rate Reduction |  | Weighted- Average Term Extension <months>
Commercial and industrial | $— |  | —% |  | 25
Commercial real estate |  |  |  |  |
Construction and land development | — |  | —% |  | 18
Residential real estate | — |  | —% |  | 70
Total | $— |  | —% |  | 31
| Nine Months Ended September 30, 2024
(dollars in thousands) | Principal Forgiveness |  | Weighted- Average Interest Rate Reduction |  | Weighted- Average Term Extension <months>
Commercial and industrial | $— |  | —% |  | 28
Commercial real estate |  |  |  |  |
Non-owner occupied | — |  | —% |  | 9
Residential real estate | — |  | —% |  | 12
Total | $— |  | —% |  | 10
Schedule of Loan Modifications, Payment Status | The following table presents the amortized cost of loans that had a payment defaul t (i.e. borrower missed a regularly scheduled payment) and were past due for the quarter ended September 30, 2025 and that were modified in the last 12 months.
| September 30, 2025
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 89 Days Past Due |  | Total Past Due
Commercial and industrial | $— |  | $— |  | $4,158 |  | $4,158
Commercial real estate |  |  |  |  |  |  |
Construction and land development | — |  | — |  | 2,847 |  | 2,847
Residential real estate | 408 |  | — |  | — |  | 408
Total | $408 |  | $— |  | $7,005 |  | $7,413
The following table presents the amortized cost of loans that had a payment default and were past due for the quarter ended September 30, 2024 and that were modified in the last 12 months.
| September 30, 2024
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 89 Days Past Due |  | Total Past Due
Commercial and industrial | $447 |  | $— |  | $— |  | $447
Total | $447 |  | $— |  | $— |  | $447
The following table presents the amortized cost of loans that had a payment default and were past due for the nine months ended September 30, 2025 that were modified in the last 12 months.
| September 30, 2025
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 89 Days Past Due |  | Total Past Due
Commercial and industrial | $— |  | $— |  | $4,158 |  | $4,158
Commercial real estate |  |  |  |  |  |  |
Multifamily | — |  | — |  | 1,614 |  | 1,614
Construction and land development | — |  | — |  | 2,847 |  | 2,847
Residential real estate | 408 |  | — |  | — |  | 408
Total | $408 |  | $— |  | $8,619 |  | $9,027
The following table presents the amortized cost of loans that had a payment default and were past due for the nine months ended September 30, 2024 that were modified in the last 12 months.
| September 30, 2024
(in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater than 89 Days Past Due |  | Total Past Due
Commercial and industrial | $447 |  | $— |  | $— |  | $447
Total | $447 |  | $— |  | $— |  | $447
Schedule of Loans Purchased | The following table presents loan and lease receivables purchased by portfolio segment, excluding loans acquired in business combinations and PCD loans and leases for the periods indicated:
| Quarter Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
(in thousands) |  |  |  |  |  |  |
Residential real estate | $3,547 |  | $36,240 |  | $46,163 |  | $91,367
Auto | — |  | — |  | — |  | 5,407
Other consumer | 41,718 |  | 16,519 |  | 126,133 |  | 127,126
Total | $45,265 |  | $52,759 |  | $172,296 |  | $223,900

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