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Loans (Tables)
12 Months Ended
Dec. 31, 2024
Non-covered Loans [Line Items]  
Schedule of Collateral Dependent Loans
Collateral-dependent nonperforming loans by class of loan is presented as of the dates indicated:

December 31, 2024
Type of Collateral
($ in thousands)Commercial Real EstateResidential Real EstateBlanket LienOther
Commercial and industrial$— $— $4,279 $3,495 
Real estate:
Commercial - investor owned14,136 — — — 
Commercial - owner occupied7,521 482 486 — 
Total$21,657 $482 $4,765 $3,495 
December 31, 2023
Type of Collateral
($ in thousands)Commercial Real EstateResidential Real EstateBlanket LienOther
Commercial and industrial$527 $1,864 $344 $3,445 
Real estate:
Commercial - investor owned19,467 — — — 
Commercial - owner occupied5,904 1,638 1,831 — 
Construction and land development528 741 — — 
Residential— 959 — — 
Total$26,426 $5,202 $2,175 $3,445 
Summary of Recorded Investment by for Portfolio Loans Restructured
The following tables show the recorded investment at the end of the dates listed for loans modified to borrowers experiencing financial difficulty, disaggregated by loan class and type of concession granted:
Term ExtensionPayment DelayTotal
Twelve months endedTwelve months endedTwelve months ended
($ in thousands)December 31,
2024
Percent of Total Loan ClassDecember 31,
2024
Percent of Total Loan ClassDecember 31,
2024
Percent of Total Loan Class
Commercial and industrial$43,094 0.91 %$567 0.01 %$43,661 0.92 %
Real estate:
Commercial - investor owned256 0.01 %— — %256 0.01 %
Commercial - owner occupied12,890 0.54 %— — %12,890 0.54 %
Residential69 0.02 %— — %69 0.02 %
Total$56,309 0.50 %$567 0.01 %$56,876 0.51 %


Term Extension
Twelve months ended
($ in thousands)December 31, 2023Percent of Total Loan Class
Commercial and industrial$39,437 0.84 %
Real estate:
Commercial - investor owned9,411 0.38 %
Commercial - owner occupied94 — %
Construction and land development1,137 0.15 %
Residential7,601 2.04 %
Other— %
Total$57,684 

The Company had $3.3 million in commitments to lend additional funds to borrowers experiencing financial difficulty included in the previous table at December 31, 2024. There were $6.6 million and $0.7 million of loans modified to borrowers experiencing financial difficulty that were also included in nonperforming loans, excluding government guaranteed balances, as of December 31, 2024 and December 31, 2023, respectively.
The following tables summarize the financial impacts of loan modifications made to borrowers experiencing financial difficulty and outstanding at the date indicated:

Weighted Average Term Extension (in months)Amount of Payment Delay
Twelve months endedTwelve months ended
($ in thousands)December 31, 2024December 31, 2024
Commercial and industrial6$85 
Real estate:
Commercial - investor owned12— 
Commercial - owner occupied22— 
Residential24— 

Weighted Average Term Extension (in months)
Twelve months ended
December 31, 2023
Commercial and industrial5
Real estate:
Commercial - investor owned4
Commercial - owner occupied3
Construction and land development7
Residential3
Other48

The following tables show the aging of the recorded investment in modified loans in the last 12 months by class at the date indicated:

December 31, 2024
($ in thousands)Current30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Commercial and industrial$42,243 $567 $851 $43,661 
Real estate:
Commercial - investor owned256 — — 256 
Commercial - owner occupied11,972 — 918 12,890 
Residential69 — — 69 
Total$54,540 $567 $1,769 $56,876 
December 31, 2023
($ in thousands)Current30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Commercial and industrial$39,187 $250 $— $39,437 
Real estate:
Commercial - investor owned9,411 — — 9,411 
Commercial - owner occupied— 94 — 94 
Construction and land development1,137 — — 1,137 
Residential7,527 74 — 7,601 
Other— — 
Total$57,262 $422 $— $57,684 


The following table summarizes loans that experienced a default during the twelve months ended December 31, 2024, subsequent to being granted a modification in the preceding twelve months. All of these loans were charged-off during the preceding period. Default is defined as movement to nonperforming status, foreclosure or charge-off.

Term Extension
Twelve months ended
($ in thousands)December 31, 2024Percent of Total Loan Class
Commercial and industrial$1,000 0.02 %
OtherNM
Total$1,004 
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
Gross charge-offs by loan class and year of origination is presented in the following table:
December 31, 2024
Term Loans by Origination Year
($ in thousands)20242023202220212020PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
Commercial and industrial$312 $2,646 $3,043 $35 $166 $772 $2,205 $3,589 $12,768 
Real estate:
Commercial - investor owned— — — 252 — 448 — — 700 
Commercial - owner occupied— — 41 475 10 2,548 — — 3,074 
Construction and land development— — — — 3,224 — — — 3,224 
Residential— — 166 15 — 471 202 24 878 
Other17 — 58 — 79 103 262 
Total charge-offs by origination year$316 $2,663 $3,250 $835 $3,400 $4,318 $2,510 $3,614 $20,906 
Total gross charge-offs by performing status968 
Total gross charge-offs$21,874 
Non-Covered Loans  
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
The following table presents a summary of loans by category:
 
($ in thousands)December 31, 2024December 31, 2023
Commercial and industrial$4,720,428 $4,674,056 
Real estate loans:
Commercial - investor owned2,607,755 2,452,402 
Commercial - owner occupied2,359,956 2,344,117 
Construction and land development892,563 760,122 
Residential358,923 371,995 
Total real estate loans6,219,197 5,928,636 
Other281,193 285,653 
Loans, before unearned loan fees11,220,818 10,888,345 
Unearned loan fees, net(463)(4,227)
    Loans, including unearned loan fees$11,220,355 $10,884,118 
Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method
A summary of the activity, by loan category, in the allowance for credit losses on loans for 2022, 2023, and 2024 is as follows:
($ in thousands)Commercial and industrialCRE - investor ownedCRE - owner occupiedConstruction and land developmentResidential real estateOtherTotal
2022
Allowance for credit losses on loans:       
Balance, beginning of year$63,825 $35,877 $17,560 $14,536 $7,927 $5,316 $145,041 
Provision (benefit) for credit losses(6,121)46 4,867 (3,145)540 (397)(4,210)
Charge-offs(6,082)(478)(395)— (2,068)(370)(9,393)
Recoveries2,213 746 720 53 1,529 233 5,494 
Balance, end of year$53,835 $36,191 $22,752 $11,444 $7,928 $4,782 $136,932 
2023
Allowance for credit losses on loans:       
Balance, beginning of year$53,835 $36,191 $22,752 $11,444 $7,928 $4,782 $136,932 
Provision (benefit) for credit losses38,308 (335)523 (1,300)(2,109)796 35,883 
Charge-offs(36,302)(4,869)— (9)(656)(1,379)(43,215)
Recoveries3,045 293 130 63 979 661 5,171 
Balance, end of year$58,886 $31,280 $23,405 $10,198 $6,142 $4,860 $134,771 
2024
Allowance for credit losses on loans:       
Balance, beginning of year$58,886 $31,280 $23,405 $10,198 $6,142 $4,860 $134,771 
Provision (benefit) for credit losses14,770 3,502 (60)2,764 128 (475)20,629 
Charge-offs(13,073)(700)(3,074)(3,224)(878)(925)(21,874)
Recoveries2,648 135 129 99 1,142 271 4,424 
Balance, end of year$63,231 $34,217 $20,400 $9,837 $6,534 $3,731 $137,950 
Schedule of Recorded Investment in Impaired Portfolio Loans by Category
The following tables present the recorded investment in nonperforming loans by category, excluding government guaranteed balances: 
 
December 31, 2024
($ in thousands)Non-accrualLoans over 90 days past due and still accruing interestTotal nonperforming loansNonaccrual loans with no allowance
Commercial and industrial$15,810 $11 $15,821 $4,279 
Real estate:
    Commercial - investor owned14,186 — 14,186 2,106 
    Commercial - owner occupied10,910 — 10,910 8,235 
    Construction and land development1,503 — 1,503 1,503 
    Residential258 — 258 — 
Other— — 
       Total$42,667 $20 $42,687 $16,123 

December 31, 2023
($ in thousands)Non-accrualLoans over 90 days past due and still accruing interestTotal nonperforming loansNonaccrual loans with no allowance
Commercial and industrial$7,641 $115 $7,756 $6,179 
Real estate: 
    Commercial - investor owned20,404 — 20,404 19,466 
    Commercial - owner occupied12,972 363 13,335 9,010 
    Construction and land development1,205 64 1,269 464 
    Residential959 — 959 959 
Other— — 
       Total$43,181 $547 $43,728 $36,078 
Summary of Aging of Recorded Investment in Past Due Portfolio Loans by Portfolio Class and Category
The aging of the recorded investment in past due loans by class and category is presented as of the dates indicated.
December 31, 2024
($ in thousands)30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Past Due
CurrentTotal
Commercial and industrial$1,948 $12,228 $14,176 $4,706,252 $4,720,428 
Real estate:
Commercial - investor owned1,377 14,333 15,710 2,592,045 2,607,755 
Commercial - owner occupied10,542 18,591 29,133 2,330,823 2,359,956 
Construction and land development101 5,620 5,721 886,842 892,563 
Residential2,833 258 3,091 355,832 358,923 
Other34 43 281,150 281,193 
Loans, before unearned loan fees$16,835 $51,039 $67,874 $11,152,944 11,220,818 
Unearned loan fees, net(463)
Total$11,220,355 

December 31, 2023
($ in thousands)30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Past Due
CurrentTotal
Commercial and industrial$3,445 $9,037 $12,482 $4,661,574 $4,674,056 
Real estate: 
Commercial - investor owned1,905 18,395 20,300 2,432,102 2,452,402 
Commercial - owner occupied8,409 14,142 22,551 2,321,566 2,344,117 
Construction and land development770 1,908 2,678 757,444 760,122 
Residential1,620 959 2,579 369,416 371,995 
Other82 86 285,567 285,653 
Loans, before unearned loan fees$16,231 $44,445 $60,676 $10,827,669 10,888,345 
Unearned loan fees, net(4,227)
Total$10,884,118 
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
The recorded investment by risk category of the loans by class and year of origination is presented in the following tables as of the dates indicated:
December 31, 2024
Term Loans by Origination Year
($ in thousands)20242023202220212020PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
Commercial and industrial
Pass (1-6)$1,477,552 $958,327 $607,626 $172,201 $117,845 $69,236 $87,059 $942,991 $4,432,837 
Special Mention (7)32,479 40,804 4,982 2,373 796 64 14,783 55,100 151,381 
Classified (8-9)29,999 868 9,271 — 142 809 9,681 20,791 71,561 
Total Commercial and industrial$1,540,030 $999,999 $621,879 $174,574 $118,783 $70,109 $111,523 $1,018,882 $4,655,779 
Commercial real estate-investor owned
Pass (1-6)$587,403 $402,899 $479,131 $374,155 $266,044 $281,232 $4,566 $48,808 $2,444,238 
Special Mention (7)12,195 4,901 — 43,506 2,389 9,623 31,321 1,999 105,934 
Classified (8-9)256 — 821 20,274 13,564 4,702 — — 39,617 
Total Commercial real estate-investor owned$599,854 $407,800 $479,952 $437,935 $281,997 $295,557 $35,887 $50,807 $2,589,789 
Commercial real estate-owner occupied
Pass (1-6)$420,774 $329,001 $437,731 $408,210 $246,024 $352,095 $890 $29,239 $2,223,964 
Special Mention (7)6,914 10,764 5,323 12,324 8,426 18,389 — — 62,140 
Classified (8-9)13,794 3,727 4,063 6,452 3,765 22,319 — 250 54,370 
Total Commercial real estate-owner occupied$441,482 $343,492 $447,117 $426,986 $258,215 $392,803 $890 $29,489 $2,340,474 
Construction real estate
Pass (1-6)$404,286 $211,573 $198,278 $38,131 $6,110 $3,823 $9,513 $5,338 $877,052 
Special Mention (7)11,250 33 49 294 — 223 — — 11,849 
Classified (8-9)— — 1,573 — — 585 — — 2,158 
Total Construction real estate$415,536 $211,606 $199,900 $38,425 $6,110 $4,631 $9,513 $5,338 $891,059 
Residential real estate
Pass (1-6)$46,454 $37,371 $35,082 $27,784 $22,350 $78,113 $5,880 $79,284 $332,318 
Special Mention (7)1,539 26 239 — — 1,435 — 887 4,126 
Classified (8-9)— 2,979 107 11,976 5,538 1,572 — — 22,172 
Total residential real estate$47,993 $40,376 $35,428 $39,760 $27,888 $81,120 $5,880 $80,171 $358,616 
Other
Pass (1-6)$31,286 $6,058 $50,351 $55,844 $49,519 $31,061 $44 $40,578 $264,741 
Special Mention (7)— 2,326 — — — 1,780 — 7,660 11,766 
Classified (8-9)— — — — — — — 
Total Other$31,286 $8,384 $50,351 $55,844 $49,519 $32,846 $44 $48,238 $276,512 
Total loans classified by risk category$3,076,181 $2,011,657 $1,834,627 $1,173,524 $742,512 $877,066 $163,737 $1,232,925 $11,112,229 
Total loans classified by performing status108,126 
Total loans$11,220,355 
December 31, 2023
Term Loans by Origination Year
($ in thousands)20232022202120202019PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
Commercial and industrial
Pass (1-6)$1,567,738 $1,052,462 $345,292 $194,972 $123,425 $71,205 $12,163 $1,108,233 $4,475,490 
Special Mention (7)52,523 6,845 8,597 544 453 242 272 19,590 89,066 
Classified (8-9)12,824 19,306 1,833 812 339 363 508 45,830 81,815 
Total Commercial and industrial$1,633,085 $1,078,613 $355,722 $196,328 $124,217 $71,810 $12,943 $1,173,653 $4,646,371 
Commercial real estate-investor owned
Pass (1-6)$495,131 $544,223 $492,974 $323,175 $165,343 $236,914 $5,222 $51,413 $2,314,395 
Special Mention (7)3,626 22,725 51,851 1,657 164 5,526 — — 85,549 
Classified (8-9)9,411 1,034 43 15,838 2,831 4,919 48 — 34,124 
Total Commercial real estate-investor owned$508,168 $567,982 $544,868 $340,670 $168,338 $247,359 $5,270 $51,413 $2,434,068 
Commercial real estate-owner occupied
Pass (1-6)$407,901 $486,701 $489,589 $301,399 $183,872 $313,474 $5,083 $30,036 $2,218,055 
Special Mention (7)13,739 2,521 4,652 10,492 5,439 15,833 — 1,493 54,169 
Classified (8-9)3,389 3,413 2,247 3,181 8,878 24,857 5,056 — 51,021 
Total Commercial real estate-owner occupied$425,029 $492,635 $496,488 $315,072 $198,189 $354,164 $10,139 $31,529 $2,323,245 
Construction real estate
Pass (1-6)$292,689 $325,010 $96,426 $30,956 $1,413 $3,408 $10 $3,700 $753,612 
Special Mention (7)42 2,958 1,046 210 123 114 — — 4,493 
Classified (8-9)1,137 704 — — 13 466 — — 2,320 
Total Construction real estate$293,868 $328,672 $97,472 $31,166 $1,549 $3,988 $10 $3,700 $760,425 
Residential real estate
Pass (1-6)$59,259 $41,956 $51,436 $30,713 $17,793 $77,327 $1,464 $78,351 $358,299 
Special Mention (7)322 — — — 75 1,801 — 614 2,812 
Classified (8-9)127 1,073 69 — 30 1,492 74 7,500 10,365 
Total residential real estate$59,708 $43,029 $51,505 $30,713 $17,898 $80,620 $1,538 $86,465 $371,476 
Other
Pass (1-6)$10,071 $55,923 $67,766 $53,569 $9,382 $19,657 $$28,464 $244,839 
Special Mention (7)— — 14,472 — — — — 11,645 26,117 
Classified (8-9)— — — — — — — 
Total Other$10,071 $55,923 $82,238 $53,569 $9,382 $19,665 $$40,109 $270,964 
Total loans classified by risk category$2,929,929 $2,566,854 $1,628,293 $967,518 $519,573 $777,606 $29,907 $1,386,869 $10,806,549 
Total loans classified by performing status77,569 
Total loans$10,884,118 
In the tables above, loan originations in 2024 and 2023 with a classification of “special mention” or “classified” primarily represent renewals or modifications initially underwritten and originated in prior years. For certain loans the Company evaluates credit quality based on the aging status. The following tables present the recorded investment in loans based on payment activity as of the dates indicated:
December 31, 2024
($ in thousands)PerformingNon PerformingTotal
Commercial and industrial$60,899 $11 $60,910 
Real estate:
Commercial - investor owned17,175 — 17,175 
Commercial - owner occupied27,349 — 27,349 
Residential647 — 647 
Other2,036 2,045 
Total$108,106 $20 $108,126 
December 31, 2023
($ in thousands)PerformingNon PerformingTotal
Commercial and industrial$26,076 $112 $26,188 
Real estate:
Commercial - investor owned17,885 — 17,885 
Commercial - owner occupied28,373 — 28,373 
Residential712 — 712 
Other4,406 4,411 
Total$77,452 $117 $77,569