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Loans | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
Loans | Note 4 - Loans Loans held for investment are categorized into the following segments: •Construction and land development: Loans are extended to both commercial and consumer customers which are collateralized by and for the purpose of funding land development and construction projects, including commercial, 1-4 family residential, multi-family, and non-farm residential properties where the primary source of repayment is from proceeds of the sale, refinancing or permanent financing of the property. •Commercial real estate - owner-occupied: Loans are extended to commercial customers for the purpose of acquiring or refinancing real estate to be occupied by the borrower's business. These loans are collateralized by the subject property and the repayment of these loans is largely dependent on the performance of the company occupying the property. •Commercial real estate - non owner-occupied: Loans are extended to commercial customers for the purpose of acquiring or refinancing commercial property where occupancy by the borrower is not their primary intent. These loans are viewed primarily as cash flow loans, collateralized by the subject property, and the repayment of these loans is largely dependent on rental income from third parties or from the sale of the property. •Residential real estate: Loans are extended to consumer customers and collateralized primarily by 1-4 family residential properties and include fixed and variable rate mortgages, home equity mortgages, and HELOCs. Loans are primarily written based on conventional loan agency guidelines, including loans that exceed agency value limitations. Sources of repayment are largely dependent on the occupant of the residential property. •Commercial and financial: Loans are extended to commercial customers. The purpose of the loans can be working capital, physical asset expansion, asset acquisition or other business purposes. Loans may be collateralized by assets owned by the borrower or the borrower's business. Commercial loans are based primarily on the historical and projected cash flow of the borrower's business and secondarily on the capacity of credit enhancements, guarantees and underlying collateral provided by the borrower. •Consumer: Loans are extended to consumer customers. The segment includes both installment loans and lines of credit which may be collateralized or non-collateralized. The following tables present net loan balances by segment for portfolio loans, PCD and loans purchased which are not considered credit deteriorated (“Non-PCD”) as of:
|  | December 31, 2024
(In thousands) |  | Portfolio Loans |  | Acquired Non-PCD Loans |  | PCD Loans |  | Total
Construction and land development |  | $ | 568,148 |  |  | $ | 79,370 |  |  | $ | 535 |  |  | $ | 648,053 |
Commercial real estate - owner occupied |  | 1,177,538 |  |  | 477,459 |  |  | 31,632 |  |  | 1,686,629 |
Commercial real estate - non-owner occupied |  | 2,243,056 |  |  | 1,156,849 |  |  | 103,903 |  |  | 3,503,808 |
Residential real estate |  | 1,882,955 |  |  | 719,589 |  |  | 14,241 |  |  | 2,616,785 |
Commercial and financial |  | 1,424,689 |  |  | 199,146 |  |  | 27,519 |  |  | 1,651,354 |
Consumer |  | 155,786 |  |  | 37,282 |  |  | 253 |  |  | 193,321 |
Totals |  | $ | 7,452,172 |  |  | $ | 2,669,695 |  |  | $ | 178,083 |  |  | $ | 10,299,950 |
|  | December 31, 2023
(In thousands) |  | Portfolio Loans |  | Acquired Non-PCD Loans |  | PCD Loans |  | Total
Construction and land development |  | $ | 519,426 |  |  | $ | 247,654 |  |  | $ | 542 |  |  | $ | 767,622 |
Commercial real estate - owner occupied |  | 1,079,633 |  |  | 552,627 |  |  | 38,021 |  |  | 1,670,281 |
Commercial real estate - non-owner occupied |  | 1,844,588 |  |  | 1,323,222 |  |  | 152,080 |  |  | 3,319,890 |
Residential real estate |  | 1,714,748 |  |  | 710,129 |  |  | 20,815 |  |  | 2,445,692 |
Commercial and financial |  | 1,237,090 |  |  | 318,683 |  |  | 52,115 |  |  | 1,607,888 |
Consumer |  | 175,969 |  |  | 74,854 |  |  | 744 |  |  | 251,567 |
Totals |  | $ | 6,571,454 |  |  | $ | 3,227,169 |  |  | $ | 264,317 |  |  | $ | 10,062,940 |
The amortized cost basis of loans included net deferred costs of $43.9 million and $43.1 million at December 31, 2024 and December 31, 2023, respectively. At December 31, 2024, the remaining fair value adjustments on acquired loans were $128.1 million, or 4.3% of the outstanding acquired loan balances, compared to $174.0 million, or 4.8% of the acquired loan balances at December 31, 2023. The discount is accreted into interest income over the remaining lives of the related loans on a level yield basis. During 2024, $26.8 million in commercial real estate non-owner occupied loans previously held for investment were sold, resulting in a gain of $2.4 million and approximately $20.0 million in consumer loans were sold or transferred to held-for-sale. Accrued interest receivable is included within Other Assets and was $38.1 million and $39.4 million at December 31, 2024 and 2023, respectively. Loans to directors and executive officers totaled $1.4 million and $0.3 million at December 31, 2024 and 2023, respectively. The following table presents the status of net loan balances as of December 31, 2024 and December 31, 2023.
|  | December 31, 2024
(In thousands) |  | Current |  | Accruing 30-59 Days Past Due |  | Accruing 60-89 Days Past Due |  | Accruing Greater Than 90 Days |  | Nonaccrual |  | Total
Portfolio Loans |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 567,896 |  |  | $ | 127 |  |  | $ | — |  |  | $ | — |  |  | $ | 125 |  |  | $ | 568,148 |
Commercial real estate - owner occupied |  | 1,172,287 |  |  | 3,083 |  |  | — |  |  | — |  |  | 2,168 |  |  | 1,177,538 |
Commercial real estate - non-owner occupied |  | 2,225,216 |  |  | 833 |  |  | — |  |  | — |  |  | 17,007 |  |  | 2,243,056 |
Residential real estate |  | 1,866,295 |  |  | 5,466 |  |  | 450 |  |  | — |  |  | 10,744 |  |  | 1,882,955 |
Commercial and financial |  | 1,411,623 |  |  | 1,075 |  |  | 106 |  |  | — |  |  | 11,885 |  |  | 1,424,689 |
Consumer |  | 152,129 |  |  | 331 |  |  | 5 |  |  | — |  |  | 3,321 |  |  | 155,786 |
Total Portfolio Loans |  | $ | 7,395,446 |  |  | $ | 10,915 |  |  | $ | 561 |  |  | $ | — |  |  | $ | 45,250 |  |  | $ | 7,452,172 |
Acquired Non-PCD Loans |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 78,728 |  |  | $ | 8 |  |  | $ | 99 |  |  | $ | — |  |  | $ | 535 |  |  | $ | 79,370 |
Commercial real estate - owner occupied |  | 473,118 |  |  | 2,414 |  |  | — |  |  | — |  |  | 1,927 |  |  | 477,459 |
Commercial real estate - non-owner occupied |  | 1,151,541 |  |  | 148 |  |  | — |  |  | — |  |  | 5,160 |  |  | 1,156,849 |
Residential real estate |  | 706,566 |  |  | 1,064 |  |  | 131 |  |  | — |  |  | 11,828 |  |  | 719,589 |
Commercial and financial |  | 195,853 |  |  | — |  |  | — |  |  | 35 |  |  | 3,258 |  |  | 199,146 |
Consumer |  | 32,375 |  |  | 11 |  |  | 1 |  |  | — |  |  | 4,895 |  |  | 37,282 |
Total Acquired Non-PCD Loans |  | $ | 2,638,181 |  |  | $ | 3,645 |  |  | $ | 231 |  |  | $ | 35 |  |  | $ | 27,603 |  |  | $ | 2,669,695 |
PCD Loans |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 43 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 492 |  |  | $ | 535 |
Commercial real estate - owner occupied |  | 26,987 |  |  | — |  |  | — |  |  | — |  |  | 4,645 |  |  | 31,632 |
Commercial real estate - non-owner occupied |  | 96,188 |  |  | — |  |  | — |  |  | — |  |  | 7,715 |  |  | 103,903 |
Residential real estate |  | 12,752 |  |  | — |  |  | — |  |  | 167 |  |  | 1,322 |  |  | 14,241 |
Commercial and financial |  | 22,153 |  |  | — |  |  | — |  |  | — |  |  | 5,366 |  |  | 27,519 |
Consumer |  | 200 |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | 253 |
Total PCD Loans |  | $ | 158,323 |  |  | $ | — |  |  | $ | — |  |  | $ | 167 |  |  | $ | 19,593 |  |  | $ | 178,083 |
Total Loans |  | $ | 10,191,950 |  |  | $ | 14,560 |  |  | $ | 792 |  |  | $ | 202 |  |  | $ | 92,446 |  |  | $ | 10,299,950 |
|  | December 31, 2023
(In thousands) |  | Current |  | Accruing 30-59 Days Past Due |  | Accruing 60-89 Days Past Due |  | Accruing Greater Than 90 Days |  | Nonaccrual |  | Total
Portfolio Loans |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 519,383 |  |  | $ | 19 |  |  | $ | — |  |  | $ | — |  |  | $ | 24 |  |  | $ | 519,426 |
Commercial real estate - owner occupied |  | 1,078,732 |  |  | — |  |  | — |  |  | — |  |  | 901 |  |  | 1,079,633 |
Commercial real estate - non-owner occupied |  | 1,840,485 |  |  | 685 |  |  | — |  |  | — |  |  | 3,418 |  |  | 1,844,588 |
Residential real estate |  | 1,701,862 |  |  | 4,373 |  |  | 1,515 |  |  | 169 |  |  | 6,829 |  |  | 1,714,748 |
Commercial and financial |  | 1,221,941 |  |  | 1,372 |  |  | 145 |  |  | 50 |  |  | 13,582 |  |  | 1,237,090 |
Consumer |  | 174,798 |  |  | 763 |  |  | 290 |  |  | — |  |  | 118 |  |  | 175,969 |
Total Portfolio Loans |  | $ | 6,537,201 |  |  | $ | 7,212 |  |  | $ | 1,950 |  |  | $ | 219 |  |  | $ | 24,872 |  |  | $ | 6,571,454 |
Acquired Non-PCD Loans |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 245,674 |  |  | $ | 891 |  |  | $ | 289 |  |  | $ | — |  |  | $ | 800 |  |  | $ | 247,654 |
Commercial real estate - owner occupied |  | 545,374 |  |  | 1,691 |  |  | 133 |  |  | — |  |  | 5,429 |  |  | 552,627 |
Commercial real estate - non-owner occupied |  | 1,310,100 |  |  | 11,577 |  |  | — |  |  | — |  |  | 1,545 |  |  | 1,323,222 |
Residential real estate |  | 704,417 |  |  | 2,586 |  |  | 888 |  |  | 153 |  |  | 2,085 |  |  | 710,129 |
Commercial and financial |  | 315,229 |  |  | 50 |  |  | 36 |  |  | 35 |  |  | 3,333 |  |  | 318,683 |
Consumer |  | 71,986 |  |  | 568 |  |  | 618 |  |  | 618 |  |  | 1,064 |  |  | 74,854 |
Total Acquired Non-PCD Loans |  | $ | 3,192,780 |  |  | $ | 17,363 |  |  | $ | 1,964 |  |  | $ | 806 |  |  | $ | 14,256 |  |  | $ | 3,227,169 |
PCD Loans |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 442 |  |  | $ | 100 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 542 |
Commercial real estate - owner occupied |  | 34,667 |  |  | — |  |  | — |  |  | — |  |  | 3,354 |  |  | 38,021 |
Commercial real estate - non-owner occupied |  | 148,308 |  |  | — |  |  | — |  |  | — |  |  | 3,772 |  |  | 152,080 |
Residential real estate |  | 18,923 |  |  | 497 |  |  | 169 |  |  | 154 |  |  | 1,072 |  |  | 20,815 |
Commercial and financial |  | 34,337 |  |  | — |  |  | — |  |  | — |  |  | 17,778 |  |  | 52,115 |
Consumer |  | 651 |  |  | 85 |  |  | 8 |  |  | — |  |  | — |  |  | 744 |
Total PCD Loans |  | $ | 237,328 |  |  | $ | 682 |  |  | $ | 177 |  |  | $ | 154 |  |  | $ | 25,976 |  |  | $ | 264,317 |
Total Loans |  | $ | 9,967,309 |  |  | $ | 25,257 |  |  | $ | 4,091 |  |  | $ | 1,179 |  |  | $ | 65,104 |  |  | $ | 10,062,940 |
All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest subsequently received on such loans is accounted for under the cost-recovery method, whereby interest income is not recognized until the loan balance is paid down to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, and future payments are reasonably assured. The Company recognized interest income of $1.3 million, $0.5 million, and $1.6 million on nonaccrual loans during the years ended December 31, 2024, 2023, and 2022, respectively. The following tables present net balances of loans on nonaccrual status and the related allowance for credit losses, if any, as of:
|  | December 31, 2024
(In thousands) |  | Nonaccrual Loans With No Related Allowance |  | Nonaccrual Loans With an Allowance |  | Total Nonaccrual Loans |  |
Construction and land development |  | $ | 492 |  |  | $ | 660 |  |  | $ | 1,152 |  |  |
Commercial real estate - owner occupied |  | 2,622 |  |  | 6,118 |  |  | 8,740 |  |  |
Commercial real estate - non-owner occupied |  | 29,449 |  |  | 433 |  |  | 29,882 |  |  |
Residential real estate |  | 6,462 |  |  | 17,432 |  |  | 23,894 |  |  |
Commercial and financial |  | 2,703 |  |  | 17,806 |  |  | 20,509 |  |  |
Consumer |  | 2,416 |  |  | 5,853 |  |  | 8,269 |  |  |
Totals |  | $ | 44,144 |  |  | $ | 48,302 |  |  | $ | 92,446 |  |  |
|  | December 31, 2023
(In thousands) |  | Nonaccrual Loans With No Related Allowance |  | Nonaccrual Loans With an Allowance |  | Total Nonaccrual Loans |  |
Construction and land development |  | $ | — |  |  | $ | 824 |  |  | $ | 824 |  |  |
Commercial real estate - owner occupied |  | 4,859 |  |  | 4,825 |  |  | 9,684 |  |  |
Commercial real estate - non-owner occupied |  | 3,938 |  |  | 4,797 |  |  | 8,735 |  |  |
Residential real estate |  | 1,792 |  |  | 8,194 |  |  | 9,986 |  |  |
Commercial and financial |  | 4,868 |  |  | 29,825 |  |  | 34,693 |  |  |
Consumer |  | — |  |  | 1,182 |  |  | 1,182 |  |  |
Totals |  | $ | 15,457 |  |  | $ | 49,647 |  |  | $ | 65,104 |  |  |
Loans by Risk Rating The Company utilizes an internal asset classification system as a means of identifying problem and potential problem loans. The following classifications are used to categorize loans under the internal classification system: •Pass: Loans that are not problem loans or potential problem loans are considered to be pass-rated. •Special Mention: Loans that do not currently expose the Company to sufficient risk to warrant classification in the Substandard or Doubtful categories, but possess weaknesses that deserve management’s close attention are deemed to be Special Mention. •Substandard: Loans with the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. •Doubtful: Loans that have all the weaknesses inherent in those classified Substandard with the added characteristic that the weakness present makes collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following tables present the risk rating of loans and gross charge-offs by year of origination as of:
| December 31, 2024
(In thousands) | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving | Total
Construction and Land Development |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 113,993 |  | $ | 160,801 |  | $ | 161,122 |  | $ | 39,276 |  | $ | 8,547 |  | $ | 36,342 |  | $ | 126,659 |  | $ | 646,740 |
Special Mention | — |  | — |  | — |  | — |  | — |  | 75 |  | — |  | 75 |
Substandard | — |  | — |  | 183 |  | 90 |  | — |  | 965 |  | — |  | 1,238 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 113,993 |  | $ | 160,801 |  | $ | 161,305 |  | $ | 39,366 |  | $ | 8,547 |  | $ | 37,382 |  | $ | 126,659 |  | $ | 648,053 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1 |  | $ | — |  | $ | 1 |
Commercial real estate - owner occupied |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 184,312 |  | $ | 139,197 |  | $ | 260,266 |  | $ | 257,711 |  | $ | 153,702 |  | $ | 628,391 |  | $ | 20,674 |  | $ | 1,644,253 |
Special Mention | — |  | — |  | 4,975 |  | 2,344 |  | 2,418 |  | 7,965 |  | 1 |  | 17,703 |
Substandard | 89 |  | 1,061 |  | 2,821 |  | 377 |  | 5,870 |  | 14,106 |  | 349 |  | 24,673 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 184,401 |  | $ | 140,258 |  | $ | 268,062 |  | $ | 260,432 |  | $ | 161,990 |  | $ | 650,462 |  | $ | 21,024 |  | $ | 1,686,629 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | 179 |  | $ | — |  | $ | — |  | $ | 162 |  | $ | — |  | $ | 341 |
Commercial real estate - non-owner occupied |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 495,361 |  | $ | 236,306 |  | $ | 820,739 |  | $ | 581,892 |  | $ | 237,777 |  | $ | 1,012,209 |  | $ | 24,752 |  | $ | 3,409,036 |
Special Mention | 27 |  | — |  | 4,773 |  | 1,269 |  | 5,265 |  | 25,245 |  | — |  | 36,579 |
Substandard | — |  | — |  | 10,462 |  | 10,684 |  | 16,437 |  | 20,610 |  | — |  | 58,193 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 495,388 |  | $ | 236,306 |  | $ | 835,974 |  | $ | 593,845 |  | $ | 259,479 |  | $ | 1,058,064 |  | $ | 24,752 |  | $ | 3,503,808 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 89 |  | $ | 1,396 |  | $ | — |  | $ | 1,485 |
Residential real estate |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 130,178 |  | $ | 173,606 |  | $ | 492,412 |  | $ | 631,313 |  | $ | 153,786 |  | $ | 490,156 |  | $ | 517,136 |  | $ | 2,588,587 |
Special Mention | — |  | 22 |  | — |  | — |  | — |  | 164 |  | 3,434 |  | 3,620 |
Substandard | 693 |  | 1,019 |  | 5,068 |  | 1,212 |  | 105 |  | 7,041 |  | 9,440 |  | 24,578 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 130,871 |  | $ | 174,647 |  | $ | 497,480 |  | $ | 632,525 |  | $ | 153,891 |  | $ | 497,361 |  | $ | 530,010 |  | $ | 2,616,785 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 40 |  | $ | 62 |  | $ | 32 |  | $ | 134 |
| December 31, 2024
(In thousands) | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving | Total
Commercial and financial |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 373,569 |  | $ | 180,423 |  | $ | 253,120 |  | $ | 232,427 |  | $ | 82,964 |  | $ | 117,276 |  | $ | 362,701 |  | $ | 1,602,480 |
Special Mention | — |  | 382 |  | 755 |  | 2,839 |  | 232 |  | 1,904 |  | 2,163 |  | 8,275 |
Substandard | — |  | 115 |  | 8,547 |  | 9,810 |  | 6,147 |  | 10,604 |  | 5,376 |  | 40,599 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 373,569 |  | $ | 180,920 |  | $ | 262,422 |  | $ | 245,076 |  | $ | 89,343 |  | $ | 129,784 |  | $ | 370,240 |  | $ | 1,651,354 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | 2,762 |  | $ | 10,669 |  | $ | — |  | $ | 3,111 |  | $ | 1,074 |  | $ | 17,616 |
Consumer |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 14,627 |  | $ | 14,049 |  | $ | 26,332 |  | $ | 20,721 |  | $ | 11,682 |  | $ | 30,022 |  | $ | 67,562 |  | $ | 184,995 |
Special Mention | — |  | 5 |  | 1 |  | — |  | — |  | — |  | 54 |  | 60 |
Substandard | 75 |  | 25 |  | 4,953 |  | 40 |  | 2,435 |  | 737 |  | 1 |  | 8,266 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 14,702 |  | $ | 14,079 |  | $ | 31,286 |  | $ | 20,761 |  | $ | 14,117 |  | $ | 30,759 |  | $ | 67,617 |  | $ | 193,321 |
Gross Charge-Offs | $ | 789 |  | $ | 457 |  | $ | 5,471 |  | $ | 4,828 |  | $ | 255 |  | $ | 221 |  | $ | 267 |  | $ | 12,288 |
Consolidated |  |  |  |  |  |  |  |
Total | $ | 1,312,924 |  | $ | 907,011 |  | $ | 2,056,529 |  | $ | 1,792,005 |  | $ | 687,367 |  | $ | 2,403,812 |  | $ | 1,140,302 |  | $ | 10,299,950 |
Gross Charge-Offs | $ | 789 |  | $ | 457 |  | $ | 8,412 |  | $ | 15,497 |  | $ | 384 |  | $ | 4,953 |  | $ | 1,373 |  | $ | 31,865 |
| December 31, 2023
(In thousands) | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving | Total
Construction and Land Development |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 80,750 |  | $ | 295,043 |  | $ | 107,158 |  | $ | 20,199 |  | $ | 21,942 |  | $ | 28,902 |  | $ | 210,716 |  | $ | 764,710 |
Special Mention | — |  | 1,407 |  | — |  | — |  | — |  | 393 |  | 289 |  | 2,089 |
Substandard | — |  | — |  | — |  | — |  | — |  | 499 |  | 324 |  | 823 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 80,750 |  | $ | 296,450 |  | $ | 107,158 |  | $ | 20,199 |  | $ | 21,942 |  | $ | 29,794 |  | $ | 211,329 |  | $ | 767,622 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial real estate - owner occupied |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 145,642 |  | $ | 272,384 |  | $ | 281,870 |  | $ | 165,475 |  | $ | 171,897 |  | $ | 551,177 |  | $ | 36,952 |  | $ | 1,625,397 |
Special Mention | — |  | 159 |  | 1,335 |  | — |  | 524 |  | 9,122 |  | 1 |  | 11,141 |
Substandard | — |  | 6,024 |  | 1,057 |  | 6,991 |  | 7,116 |  | 12,491 |  | 64 |  | 33,743 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 145,642 |  | $ | 278,567 |  | $ | 284,262 |  | $ | 172,466 |  | $ | 179,537 |  | $ | 572,790 |  | $ | 37,017 |  | $ | 1,670,281 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
| December 31, 2023
(In thousands) | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving | Total
Commercial real estate - non-owner occupied |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 234,226 |  | $ | 784,525 |  | $ | 657,499 |  | $ | 288,747 |  | $ | 397,031 |  | $ | 841,062 |  | $ | 25,954 |  | $ | 3,229,044 |
Special Mention | — |  | 29,381 |  | 2,092 |  | 2,964 |  | — |  | 12,120 |  | — |  | 46,557 |
Substandard | — |  | 685 |  | 8,723 |  | 9,398 |  | 10,427 |  | 14,806 |  | 250 |  | 44,289 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 234,226 |  | $ | 814,591 |  | $ | 668,314 |  | $ | 301,109 |  | $ | 407,458 |  | $ | 867,988 |  | $ | 26,204 |  | $ | 3,319,890 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | 11 |  | $ | — |  | $ | — |  | $ | — |  | $ | 109 |  | $ | 120 |
Residential real estate |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 177,000 |  | $ | 450,366 |  | $ | 649,086 |  | $ | 160,889 |  | $ | 95,288 |  | $ | 413,719 |  | $ | 479,047 |  | $ | 2,425,395 |
Special Mention | 208 |  | — |  | — |  | — |  | 58 |  | 482 |  | 4,004 |  | 4,752 |
Substandard | 95 |  | — |  | 919 |  | 123 |  | 314 |  | 8,960 |  | 5,134 |  | 15,545 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 177,303 |  | $ | 450,366 |  | $ | 650,005 |  | $ | 161,012 |  | $ | 95,660 |  | $ | 423,161 |  | $ | 488,185 |  | $ | 2,445,692 |
Gross Charge-Offs | $ | — |  | $ | — |  | $ | — |  | $ | 44 |  | $ | — |  | $ | 159 |  | $ | 153 |  | $ | 356 |
Commercial and financial |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 315,560 |  | $ | 336,071 |  | $ | 333,113 |  | $ | 127,069 |  | $ | 66,165 |  | $ | 89,002 |  | $ | 269,108 |  | $ | 1,536,088 |
Special Mention | 136 |  | 2,167 |  | 1,064 |  | 1,005 |  | 503 |  | 1,103 |  | 2,191 |  | 8,169 |
Substandard | — |  | 18,558 |  | 21,643 |  | 1,380 |  | 5,889 |  | 11,842 |  | 3,961 |  | 63,273 |
Doubtful | — |  | — |  | — |  | — |  | — |  | 358 |  | — |  | 358 |
Total | $ | 315,696 |  | $ | 356,796 |  | $ | 355,820 |  | $ | 129,454 |  | $ | 72,557 |  | $ | 102,305 |  | $ | 275,260 |  | $ | 1,607,888 |
Gross Charge-Offs | $ | 1,198 |  | $ | 117 |  | $ | 659 |  | $ | 3,007 |  | $ | 582 |  | $ | 12,584 |  | $ | 418 |  | $ | 18,565 |
Consumer |  |  |  |  |  |  |  |
Risk Ratings: |  |  |  |  |  |  |  |
Pass | $ | 20,557 |  | $ | 66,699 |  | $ | 45,534 |  | $ | 19,747 |  | $ | 20,300 |  | $ | 19,080 |  | $ | 56,473 |  | $ | 248,390 |
Special Mention | 5 |  | 334 |  | 279 |  | 77 |  | 5 |  | 194 |  | 65 |  | 959 |
Substandard | 66 |  | 930 |  | 891 |  | 103 |  | 51 |  | 177 |  | — |  | 2,218 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 20,628 |  | $ | 67,963 |  | $ | 46,704 |  | $ | 19,927 |  | $ | 20,356 |  | $ | 19,451 |  | $ | 56,538 |  | $ | 251,567 |
Gross Charge-Offs | $ | 74 |  | $ | 1,910 |  | $ | 2,218 |  | $ | 362 |  | $ | 263 |  | $ | 666 |  | $ | 261 |  | $ | 5,754 |
Consolidated |  |  |  |  |  |  |  |
Total | $ | 974,245 |  | $ | 2,264,733 |  | $ | 2,112,263 |  | $ | 804,167 |  | $ | 797,510 |  | $ | 2,015,489 |  | $ | 1,094,533 |  | $ | 10,062,940 |
Gross Charge-Offs | $ | 1,272 |  | $ | 2,027 |  | $ | 2,888 |  | $ | 3,413 |  | $ | 845 |  | $ | 13,409 |  | $ | 941 |  | $ | 24,795 |
Troubled Borrower Modifications The following tables present the amortized cost of TBM loans that were modified during the years ended December 31, 2024 and December 31, 2023.
| December 31, 2024
(In thousands) | Rate Reduction or Rate Reduction with Term Extension |  | Term Extension and/or Payment Delay |  | Total 1 |  | % of Total Class of Loans
Construction and land development | $ | — |  |  | $ | 115 |  |  | $ | 115 |  |  | 0.02 | %
Commercial real estate - owner occupied | 2,945 |  |  | — |  |  | 2,945 |  |  | 0.17 |
Commercial real estate - non-owner occupied | 174 |  |  | — |  |  | 174 |  |  | — |
Residential real estate | 112 |  |  | 360 |  |  | 472 |  |  | 0.02 |
Commercial and financial | 2,450 |  |  | 1,820 |  |  | 4,270 |  |  | 0.26 |
Consumer 2 | — |  |  | 71 |  |  | 71 |  |  | 0.04 |
Totals | $ | 5,681 |  |  | $ | 2,366 |  |  | $ | 8,047 |  |  | 0.08 | %
1 At December 31, 2024, there were no unfunded lending related commitments associated with TBMs. 2 Excludes $0.8 million of consumer TBMs held for sale, with term extensions and/or payment delays.
| December 31, 2023
(In thousands) | Term Extension and/or Payment Delay 1 |  | % of Total Class of Loans
Residential real estate | $ | 818 |  |  | 0.03 | %
Commercial and financial | 12,711 |  |  | 0.79 |
Consumer | 3,988 |  |  | 1.59 |
Totals | $ | 17,517 |  |  | 0.17 | %
1 At December 31, 2023, there were no unfunded lending related commitments associated with TBMs.
The following tables present the payment status of TBM loans that were modified in the twelve months prior to December 31, 2024 and in the twelve months prior to December 31, 2023.
|  | December 31, 2024
(In thousands) |  | Current |  | Accruing 30-59 Days Past Due |  | Accruing 60-89 Days Past Due |  | Accruing Greater Than 90 Days |  | Nonaccrual |  | Total
Construction and land development |  | $ | 115 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 115 |
Commercial real estate - owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,945 |  |  | 2,945 |
Commercial real estate - non-owner occupied |  | — |  |  | — |  |  | — |  |  | — |  |  | 174 |  |  | 174 |
Residential real estate |  | 142 |  |  | — |  |  | — |  |  | — |  |  | 330 |  |  | 472 |
Commercial and financial |  | 1,878 |  |  | — |  |  | — |  |  | — |  |  | 2,393 |  |  | 4,271 |
Consumer 1 |  | — |  |  | — |  |  | — |  |  | — |  |  | 71 |  |  | 71 |
Totals |  | $ | 2,134 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,913 |  |  | $ | 8,047 |
1 Excludes $0.8 million of consumer TBM loans held for sale.
|  | December 31, 2023
(In thousands) |  | Current |  | Accruing 30-59 Days Past Due |  | Accruing 60-89 Days Past Due |  | Accruing Greater Than 90 Days |  | Nonaccrual |  | Total
Residential real estate |  | $ | 596 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 222 |  |  | $ | 818 |
Commercial and financial |  | 244 |  |  | — |  |  | — |  |  | — |  |  | 12,467 |  |  | 12,711 |
Consumer |  | 3,166 |  |  | 211 |  |  | 156 |  |  | 143 |  |  | 312 |  |  | 3,988 |
Totals |  | $ | 4,006 |  |  | $ | 211 |  |  | $ | 156 |  |  | $ | 143 |  |  | $ | 13,001 |  |  | $ | 17,517 |
TBM loans that had a payment default during the year ending December 31, 2024 and were modified in the 12 months before default were immaterial as of December 31, 2024.

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