XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.2
Loans (Tables)
6 Months Ended
Jun. 30, 2025
Non-covered Loans [Line Items]  
Summary of Recorded Investment by Risk Category of Portfolio Loans by Portfolio Class and Category
The current year-to-date gross charge-offs by loan class and year of origination is presented in the following tables:
June 30, 2025
Term Loans by Origination Year
($ in thousands)20252024202320222021PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
Commercial and industrial$— $1,002 $— $243 $— $685 $168 $787 $2,885 
Real estate:
Commercial - owner occupied— — 285 — 80 669 — — 1,034 
Construction and land development— — — 146 — — — — 146 
Residential— — — — — 328 41 225 594 
Other— — — — — — 
Total charge-offs by origination year$— $1,002 $285 $389 $80 $1,685 $214 $1,012 $4,667 
Total gross charge-offs by performing status415 
Total gross charge-offs$5,082 

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$21,874 
The recorded investment by risk category of the loans by class and year of origination is presented in the following tables as of the dates indicated:
June 30, 2025
Term Loans by Origination Year
($ in thousands)20252024202320222021PriorRevolving Loans Converted to Term LoansRevolving LoansTotal
Commercial and industrial
Pass (1-6)$1,102,494 $1,033,331 $653,061 $406,313 $75,693 $94,852 $124,844 $1,041,584 $4,532,172 
Special Mention (7)54,265 36,089 37,750 4,554 4,554 123 3,187 58,451 198,973 
Classified (8-9)10,413 23,236 13,937 8,899 1,569 985 6,188 39,385 104,612 
Total Commercial and industrial$1,167,172 $1,092,656 $704,748 $419,766 $81,816 $95,960 $134,219 $1,139,420 $4,835,757 
Commercial real estate-investor owned
Pass (1-6)$340,778 $519,663 $379,860 $449,961 $331,174 $457,441 $17,185 $64,018 $2,560,080 
Special Mention (7)35,127 21,819 3,843 6,245 2,489 7,079 2,051 — 78,653 
Classified (8-9)— 249 — 810 63,045 20,329 — — 84,433 
Total Commercial real estate-investor owned$375,905 $541,731 $383,703 $457,016 $396,708 $484,849 $19,236 $64,018 $2,723,166 
Commercial real estate-owner occupied
Pass (1-6)$245,064 $312,132 $314,091 $406,906 $369,237 $507,281 $466 $25,299 $2,180,476 
Special Mention (7)12,468 2,349 11,274 7,556 10,162 24,488 — — 68,297 
Classified (8-9)228 17,607 2,034 7,050 8,430 23,078 250 — 58,677 
Total Commercial real estate-owner occupied$257,760 $332,088 $327,399 $421,512 $387,829 $554,847 $716 $25,299 $2,307,450 
Construction real estate
Pass (1-6)$249,415 $353,143 $124,067 $80,746 $8,856 $1,450 $20,115 $4,191 $841,983 
Special Mention (7)1,106 — 28 45 — — — — 1,179 
Classified (8-9)— — 468 756 — 111 — — 1,335 
Total Construction real estate$250,521 $353,143 $124,563 $81,547 $8,856 $1,561 $20,115 $4,191 $844,497 
Residential real estate
Pass (1-6)$37,091 $34,094 $31,312 $33,307 $35,311 $89,969 $3,511 $70,752 $335,347 
Special Mention (7)3,136 186 123 226 89 907 — 884 5,551 
Classified (8-9)24 — 2,880 — 12,088 7,789 — — 22,781 
Total residential real estate$40,251 $34,280 $34,315 $33,533 $47,488 $98,665 $3,511 $71,636 $363,679 
Other
Pass (1-6)$3,983 $29,227 $5,354 $46,444 $53,385 $68,217 $— $40,682 $247,292 
Special Mention (7)— — 930 — — 703 — 3,669 5,302 
Classified (8-9)— — — — — 1,103 — — 1,103 
Total Other$3,983 $29,227 $6,284 $46,444 $53,385 $70,023 $— $44,351 $253,697 
Total loans classified by risk category$2,095,592 $2,383,125 $1,581,012 $1,459,818 $976,082 $1,305,905 $177,797 $1,348,915 $11,328,246 
Total loans classified by performing status80,594 
Total loans$11,408,840 
December 31, 2024
Term Loans by Origination Year
($ in thousands)20242023202120212020PriorRevolving 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 
In the tables above, loan originations in 2025 and 2024 with a classification of “special mention” or “classified” primarily represent renewals or modifications initially underwritten and originated in prior years.

The following tables summarize the risk category of the loans by loan type as of the dates indicated:

June 30, 2025
($ in thousands)Pass (1-6)Special Mention (7)Classified (8-9)Total
Commercial and industrial$4,532,172 $198,973 $104,612 $4,835,757 
Real estate:
Commercial - investor owned2,560,080 78,653 84,433 2,723,166 
Commercial - owner occupied2,180,476 68,297 58,677 2,307,450 
Construction and land development841,983 1,179 1,335 844,497 
Residential335,347 5,551 22,781 363,679 
Other247,292 5,302 1,103 253,697 
Total loans classified by risk category$10,697,350 $357,955 $272,941 $11,328,246 
Total loans classified by performing status80,594 
$11,408,840 

December 31, 2024
($ in thousands)Pass (1-6)Special Mention (7)Classified (8-9)Total
Commercial and industrial$4,432,837 $151,381 $71,561 $4,655,779 
Real estate:
Commercial - investor owned2,444,238 105,934 39,617 2,589,789 
Commercial - owner occupied2,223,964 62,140 54,370 2,340,474 
Construction and land development877,052 11,849 2,158 891,059 
Residential332,318 4,126 22,172 358,616 
Other264,741 11,766 276,512 
Total loans classified by risk category$10,575,150 $347,196 $189,883 $11,112,229 
Total loans classified by performing status108,126 
$11,220,355 
The following tables present the recorded investment on loans based on payment activity as of the dates indicated:

June 30, 2025
($ in thousands)PerformingNon PerformingTotal
Commercial and industrial$34,385 $126 $34,511 
Real estate:
Commercial - investor owned16,749 — 16,749 
Commercial - owner occupied26,735 — 26,735 
Residential602 — 602 
Other1,967 30 1,997 
Total$80,438 $156 $80,594 

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 $108,126 
Loan Modification
The following tables show the recorded investment at the end of the dates listed for loans modified to borrowers experiencing financial difficulty, disaggregated by loan class and type of concession granted:
Term Extension
Three months endedSix months ended
($ in thousands)June 30, 2025Percent of Total Loan ClassJune 30, 2025Percent of Total Loan Class
Commercial and industrial$41,002 0.84 %$44,211 0.91 %
Real estate:
Commercial - owner occupied228 0.01 %5,074 0.22 %
Residential— — %23 0.01 %
Total$41,230 $49,308 
Term Extension
Three months ended
($ in thousands)June 30, 2024Percent of Total Loan Class
Commercial and industrial$5,619 0.12 %

Term ExtensionPayment DelayTotal
Six months endedSix months endedSix months ended
($ in thousands)June 30,
2024
Percent of Total Loan ClassJune 30, 2024Percent of Total Loan ClassJune 30, 2024Percent of Total Loan Class
Commercial and industrial$50,260 1.09 %$567 0.01 %$50,827 1.10 %
Real estate:
Commercial - investor owned8,409 0.34 %— — %8,409 0.34 %
Commercial - owner occupied94 NM— — %94 NM
Residential7,644 2.17 %— — %7,644 2.17 %
Total$66,407 $567 $66,974 

The following tables summarize the financial impacts of loan modifications made to borrowers experiencing financial difficulty and outstanding at the date indicated:
Three months endedSix months ended
Weighted Average Term Extension
(in months)
Weighted Average Term Extension
(in months)
($ in thousands)June 30, 2025June 30, 2025
Commercial and industrial66
Real estate:
Commercial - owner occupied517
Residential03

Three months endedSix months ended
Weighted Average Term Extension
(in months)
Weighted Average Term Extension
(in months)
Amount of Payment Delay
($ in thousands)June 30, 2024June 30, 2024
Commercial and industrial74$85 
Real estate:
Commercial - investor owned03
Commercial - owner occupied03
Residential012
The following table shows the aging of the recorded investment in modified loans in the last 12 months by class at the date indicated:

June 30, 2025
($ in thousands)Current30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Commercial and industrial$51,352 $— $818 $52,170 
Real estate:
Commercial - investor owned249 — — 249 
Commercial - owner occupied16,690 228 — 16,918 
Residential— 23 — 23 
Total$68,291 $251 $818 $69,360 

June 30, 2024
($ in thousands)Current30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Commercial and industrial$44,450 $500 $— $44,950 
Real estate:
Commercial - owner occupied— 92 — 92 
Construction— — 741 741 
Residential94 72 — 166 
Total$44,544 $664 $741 $45,949 
Summary of Amortized Cost Basis that Had Payment Default and Modified in 12 Months Before Default The following table summarizes loans that experienced a default during the six months ended June 30, 2024, subsequent to being granted a modification in the preceding twelve months. All of these loans were charged-off during the preceding period. Default is defined as movement to nonperforming status, foreclosure or charge-off.
Term Extension
Six months ended
($ in thousands)June 30, 2024Percent of Total Loan Class
Commercial and industrial$1,000 0.02 %
Real estate:
Construction and land development1,748 0.20 %
OtherNM
Total$2,752 
Noncovered Loans  
Non-covered Loans [Line Items]  
Summary of Portfolio Loans by Category
The following table presents a summary of loans by category:
($ in thousands)June 30, 2025December 31, 2024
Commercial and industrial$4,875,484 $4,720,428 
Real estate:  
Commercial - investor owned2,741,593 2,607,755 
Commercial - owner occupied2,326,431 2,359,956 
Construction and land development846,143 892,563 
Residential363,836 358,923 
Total real estate loans6,278,003 6,219,197 
Other257,161 281,193 
Loans, before unearned loan fees11,410,648 11,220,818 
Unearned loan fees, net(1,808)(463)
Loans, including unearned loan fees$11,408,840 $11,220,355 
Summary of Allowance for Loan Losses and the Recorded Investment in Portfolio Loans by Class and Category Based on Impairment Method
A summary of the activity, by loan category, in the ACL on loans for the three and six months ended June 30, 2025 and 2024 is as follows:
($ in thousands)Commercial and industrialCRE - investor ownedCRE -
owner occupied
Construction and land developmentResidential real estateOtherTotal
Allowance for credit losses on loans:
Balance at March 31, 2025
$69,887 $30,551 $18,360 $12,114 $7,744 $4,288 $142,944 
Provision (benefit) for credit losses1,748 (404)(111)991 974 (379)2,819 
Charge-offs(2,422)— (672)(146)(369)(188)(3,797)
Recoveries2,868 42 66 135 51 3,167 
Balance at June 30, 2025
$72,081 $30,189 $17,643 $12,964 $8,484 $3,772 $145,133 

($ in thousands)Commercial and industrialCRE - investor ownedCRE -
owner occupied
Construction and land developmentResidential real estateOtherTotal
Allowance for credit losses on loans:
Balance at December 31, 2024
$63,231 $34,217 $20,400 $9,837 $6,534 $3,731 $137,950 
Provision (benefit) for credit losses7,496 (4,155)(2,077)3,255 2,030 205 6,754 
Charge-offs(3,013)— (1,034)(146)(594)(295)(5,082)
Recoveries4,367 127 354 18 514 131 5,511 
Balance at June 30, 2025
$72,081 $30,189 $17,643 $12,964 $8,484 $3,772 $145,133 

($ in thousands)Commercial and industrialCRE - investor ownedCRE -
owner occupied
Construction and land developmentResidential real estateOtherTotal
Allowance for credit losses on loans:       
Balance at March 31, 2024
$58,714 $31,196 $24,807 $9,825 $6,479 $4,477 $135,498 
Provision (benefit) for credit losses1,808 724 1,253 1,655 (1,087)218 4,571 
Charge-offs(556)(17)(1,755)— (244)(158)(2,730)
Recoveries1,512 — 11 24 440 138 2,125 
Balance at June 30, 2024
$61,478 $31,903 $24,316 $11,504 $5,588 $4,675 $139,464 

($ in thousands)Commercial and industrialCRE - investor ownedCRE -
owner occupied
Construction and land developmentResidential real estateOtherTotal
Allowance for credit losses on loans:       
Balance at December 31, 2023
$58,886 $31,280 $23,405 $10,198 $6,142 $4,860 $134,771 
Provision (benefit) for credit losses6,786 864 2,753 1,276 (681)164 11,162 
Charge-offs(5,909)(322)(1,867)— (741)(541)(9,380)
Recoveries1,715 81 25 30 868 192 2,911 
Balance at June 30, 2024
$61,478 $31,903 $24,316 $11,504 $5,588 $4,675 $139,464 
Schedule of Recorded Investment in Nonperforming Loans by Category The following tables present the recorded investment in nonperforming loans by category, excluding government guaranteed balances:
June 30, 2025
($ in thousands)NonaccrualLoans over 90 days past due and still accruing interestTotal nonperforming loansNonaccrual loans with no allowance
Commercial and industrial$15,244 $126 $15,370 $1,665 
Real estate: 
    Commercial - investor owned33,637 43,085 76,722 21,557 
    Commercial - owner occupied6,708 289 6,997 5,899 
    Residential1,163 5,526 6,689 905 
Other— 29 29 — 
       Total$56,752 $49,055 $105,807 $30,026 

December 31, 2024
($ in thousands)NonaccrualLoans 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 $16,123 
Schedule of Collateral Dependent Loans
Collateral-dependent nonperforming loans by class of loan is presented as of the dates indicated:
June 30, 2025
Type of Collateral
($ in thousands)Commercial Real EstateResidential Real EstateBlanket LienOther
Commercial and industrial$— $26 $1,718 $3,856 
Real estate:
Commercial - investor owned75,160 — — — 
Commercial - owner occupied2,411 456 — — 
Residential— 6,431 — — 
Total$77,571 $6,913 $1,718 $3,856 

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 
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.

June 30, 2025
($ in thousands)30-89 Days
 Past Due
90 or More
Days
Past Due
Total
Past Due
CurrentTotal
Commercial and industrial$15,593 $12,528 $28,121 $4,847,363 $4,875,484 
Real estate:
Commercial - investor owned9,127 77,384 86,511 2,655,082 2,741,593 
Commercial - owner occupied11,064 15,341 26,405 2,300,026 2,326,431 
Construction and land development512 — 512 845,631 846,143 
Residential2,302 6,689 8,991 354,845 363,836 
Other107 30 137 257,024 257,161 
Loans, before unearned loan fees$38,705 $111,972 $150,677 $11,259,971 $11,410,648 
Unearned loan fees, net(1,808)
Total$11,408,840 
December 31, 2024
($ 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