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LOANS AND ALLOWANCE FOR CREDIT LOSSES | 3 Months Ended
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Mar. 31, 2026
Receivables [Abstract] |
LOANS AND ALLOWANCE FOR CREDIT LOSSES | LOANS AND ALLOWANCE FOR CREDIT LOSSES The loan portfolio balances, net of unearned income and fees, consist of various types of loans primarily made to borrowers located within Texas, and segregated by class of loan were as follows:
| March 31, 2026 |  | December 31, 2025
| (In thousands)
Commercial and industrial | $ | 1,563,421 |  |  | $ | 1,476,559 |
Real estate: |  |  |
Commercial real estate (including multi-family residential) | 3,844,629 |  |  | 3,766,294 |
Commercial real estate construction and land development | 821,723 |  |  | 720,779 |
1-4 family residential (including home equity) | 1,167,436 |  |  | 1,136,227 |
Residential construction | 102,609 |  |  | 124,653 |
Consumer and other | 88,134 |  |  | 76,079 |
Total loans | 7,587,952 |  |  | 7,300,591 |
Allowance for credit losses on loans | (85,431) |  |  | (83,629) |
Loans, net | $ | 7,502,521 |  |  | $ | 7,216,962 |
Nonaccrual and Past Due Loans An aging analysis of the recorded investment in past due loans, segregated by class of loans, is included below. The Company defines recorded investment as the outstanding loan balances including net deferred loan fees and excluding accrued interest receivable of $28.4 million and $27.6 million as of March 31, 2026 and December 31, 2025, respectively, due to immateriality.
| March 31, 2026
Loans Past Due and Still Accruing |  | Nonaccrual Loans |  | Current Loans |  | Total Loans
30-89 Days |  | 90 or More Days |  | Total Past Due Loans |  |  |
(In thousands)
Commercial and industrial | $ | 4,224 |  |  | $ | — |  |  | $ | 4,224 |  |  | $ | 10,488 |  |  | $ | 1,548,709 |  |  | $ | 1,563,421 |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) | 11,423 |  |  | — |  |  | 11,423 |  |  | 32,939 |  |  | 3,800,267 |  |  | 3,844,629 |
Commercial real estate construction and land development | 793 |  |  | — |  |  | 793 |  |  | 905 |  |  | 820,025 |  |  | 821,723 |
1-4 family residential (including home equity) | 8,689 |  |  | — |  |  | 8,689 |  |  | 15,920 |  |  | 1,142,827 |  |  | 1,167,436 |
Residential construction | 980 |  |  | — |  |  | 980 |  |  | 292 |  |  | 101,337 |  |  | 102,609 |
Consumer and other | 229 |  |  | — |  |  | 229 |  |  | 46 |  |  | 87,859 |  |  | 88,134 |
Total loans | $ | 26,338 |  |  | $ | — |  |  | $ | 26,338 |  |  | $ | 60,590 |  |  | $ | 7,501,024 |  |  | $ | 7,587,952 |
| December 31, 2025
Loans Past Due and Still Accruing |  | Nonaccrual Loans |  | Current Loans |  | Total Loans
30-89 Days |  | 90 or More Days |  | Total Past Due Loans |  |  |
(In thousands)
Commercial and industrial | $ | 6,789 |  |  | $ | — |  |  | $ | 6,789 |  |  | $ | 7,616 |  |  | $ | 1,462,154 |  |  | $ | 1,476,559 |
Real estate: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) | 8,790 |  |  | — |  |  | 8,790 |  |  | 29,271 |  |  | 3,728,233 |  |  | 3,766,294 |
Commercial real estate construction and land development | 2,129 |  |  | — |  |  | 2,129 |  |  | 1,838 |  |  | 716,812 |  |  | 720,779 |
1-4 family residential (including home equity) | 9,285 |  |  | — |  |  | 9,285 |  |  | 13,333 |  |  | 1,113,609 |  |  | 1,136,227 |
Residential construction | — |  |  | — |  |  | — |  |  | 448 |  |  | 124,205 |  |  | 124,653 |
Consumer and other | 35 |  |  | — |  |  | 35 |  |  | 42 |  |  | 76,002 |  |  | 76,079 |
Total loans | $ | 27,028 |  |  | $ | — |  |  | $ | 27,028 |  |  | $ | 52,548 |  |  | $ | 7,221,015 |  |  | $ | 7,300,591 |
Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt. The Company utilizes a risk rating matrix to assign a risk rating to each of its loans. Risk ratings are updated on an ongoing basis and are subject to change by continuous loan monitoring processes including lending management monitoring, executive management and board committee oversight, and independent credit review. As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio and methodology for calculating the allowance for credit losses, management assigns and tracks certain risk ratings to be used as credit quality indicators including trends related to (1) the weighted-average risk grade of loans, (2) the level of classified loans, (3) the delinquency status of loans, (4) nonperforming loans and (5) the general economic conditions in our market. On an annual basis, individual bankers, under the oversight of credit administration, review updated financial information for pass grade commercial loans over a defined threshold to reassess the risk grade. When a loan reaches a set of internally designated criteria, including Substandard or higher, a special assets officer will be involved in the monitoring of the loan on an on-going basis. The following is a general description of the risk ratings used by the Company: Pass—Credits in this category contain an acceptable amount of risk. Special Mention—Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Substandard—Loans classified as substandard have well-defined weaknesses on a continuing basis and are inadequately protected by the current net worth and paying capacity of the borrower, declining collateral values, or a continuing downturn in their industry which is reducing their profits to below zero and having a significantly negative impact on their cash flow. These loans so classified are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful—Loans classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full based on currently existing facts, conditions and values, highly questionable and improbable. Loss—Loans classified as loss are to be charged-off or charged-down when payment is acknowledged to be uncertain or when the timing or value of payments cannot be determined. “Loss” is not intended to imply that the loan or some portion of it will never be paid, nor does it in any way imply that there has been a forgiveness of debt. The following table presents risk ratings by category and the gross charge-offs by primary loan type and year of origination or renewal. Generally, current period renewals of credit are re-underwritten at the point of renewal and considered current period originations for purposes of the table below. The following summarizes the amortized cost basis of loans by year of origination/renewal and credit quality indicator by class of loan as of March 31, 2026 and December 31, 2025:
| March 31, 2026 |  | December 31, 2025
Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  | Total |  | Total
2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |  |
(In thousands)
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 95,859 |  |  | $ | 346,524 |  |  | $ | 141,096 |  |  | $ | 117,445 |  |  | $ | 86,892 |  |  | $ | 76,134 |  |  | $ | 622,711 |  |  | $ | 34,231 |  |  | $ | 1,520,892 |  |  | $ | 1,438,641 |
Special Mention | — |  |  | — |  |  | 1,167 |  |  | 1,411 |  |  | 48 |  |  | 152 |  |  | 11 |  |  | 7,183 |  |  | 9,972 |  |  | 4,828 |
Substandard | — |  |  | 1,314 |  |  | 1,708 |  |  | 1,629 |  |  | 7,706 |  |  | 10,166 |  |  | 2,589 |  |  | 7,445 |  |  | 32,557 |  |  | 33,090 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial loans | $ | 95,859 |  |  | $ | 347,838 |  |  | $ | 143,971 |  |  | $ | 120,485 |  |  | $ | 94,646 |  |  | $ | 86,452 |  |  | $ | 625,311 |  |  | $ | 48,859 |  |  | $ | 1,563,421 |  |  | $ | 1,476,559 |
Current period gross charge-offs | $ | — |  |  | $ | 28 |  |  | $ | 141 |  |  | $ | 50 |  |  | $ | — |  |  | $ | 210 |  |  | $ | 56 |  |  | $ | 268 |  |  | $ | 753 |  |  |
Commercial real estate (including multi-family residential) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 276,520 |  |  | $ | 628,474 |  |  | $ | 268,451 |  |  | $ | 298,813 |  |  | $ | 1,096,248 |  |  | $ | 943,669 |  |  | $ | 123,891 |  |  | $ | 27,338 |  |  | $ | 3,663,404 |  |  | $ | 3,580,264 |
Special Mention | — |  |  | 5,796 |  |  | 121 |  |  | 9,045 |  |  | 24,500 |  |  | 19,782 |  |  | 297 |  |  | — |  |  | 59,541 |  |  | 76,560 |
Substandard | 10,608 |  |  | 13,463 |  |  | 13,690 |  |  | 11,292 |  |  | 24,622 |  |  | 47,383 |  |  | 145 |  |  | 481 |  |  | 121,684 |  |  | 109,470 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate (including multi-family residential) loans | $ | 287,128 |  |  | $ | 647,733 |  |  | $ | 282,262 |  |  | $ | 319,150 |  |  | $ | 1,145,370 |  |  | $ | 1,010,834 |  |  | $ | 124,333 |  |  | $ | 27,819 |  |  | $ | 3,844,629 |  |  | $ | 3,766,294 |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 851 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 851 |  |  |
Commercial real estate construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 63,531 |  |  | $ | 377,523 |  |  | $ | 151,255 |  |  | $ | 50,730 |  |  | $ | 61,818 |  |  | $ | 39,813 |  |  | $ | 58,408 |  |  | $ | 4,007 |  |  | $ | 807,085 |  |  | $ | 703,735 |
Special Mention | — |  |  | 9,642 |  |  | — |  |  | 551 |  |  | 793 |  |  | 693 |  |  | — |  |  | — |  |  | 11,679 |  |  | 12,551 |
Substandard | — |  |  | 76 |  |  | 566 |  |  | 1,093 |  |  | 312 |  |  | 740 |  |  | — |  |  | 172 |  |  | 2,959 |  |  | 4,493 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate construction and land development | $ | 63,531 |  |  | $ | 387,241 |  |  | $ | 151,821 |  |  | $ | 52,374 |  |  | $ | 62,923 |  |  | $ | 41,246 |  |  | $ | 58,408 |  |  | $ | 4,179 |  |  | $ | 821,723 |  |  | $ | 720,779 |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| March 31, 2026 |  | December 31, 2025
Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term Loans |  |  |  |
2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  |  | Total |  | Total
(In thousands)
1-4 family residential (including home equity) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 33,271 |  |  | $ | 157,791 |  |  | $ | 143,934 |  |  | $ | 170,019 |  |  | $ | 237,472 |  |  | $ | 291,605 |  |  | $ | 77,011 |  |  | $ | 16,959 |  |  | $ | 1,128,062 |  |  | $ | 1,095,589 |
Special Mention | 227 |  |  | — |  |  | 360 |  |  | 1,373 |  |  | 1,731 |  |  | 997 |  |  | 157 |  |  | 150 |  |  | 4,995 |  |  | 11,405 |
Substandard | — |  |  | 1,512 |  |  | 575 |  |  | 2,195 |  |  | 8,781 |  |  | 14,669 |  |  | 3,662 |  |  | 2,985 |  |  | 34,379 |  |  | 29,233 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total 1-4 family residential (including home equity) | $ | 33,498 |  |  | $ | 159,303 |  |  | $ | 144,869 |  |  | $ | 173,587 |  |  | $ | 247,984 |  |  | $ | 307,271 |  |  | $ | 80,830 |  |  | $ | 20,094 |  |  | $ | 1,167,436 |  |  | $ | 1,136,227 |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  |
Residential construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 4,503 |  |  | $ | 78,472 |  |  | $ | 14,629 |  |  | $ | 3,356 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 100,960 |  |  | $ | 123,828 |
Special Mention | — |  |  | 980 |  |  | — |  |  | — |  |  | — |  |  | 377 |  |  | — |  |  | — |  |  | 1,357 |  |  | 377 |
Substandard | — |  |  | — |  |  | 292 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 292 |  |  | 448 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total residential construction | $ | 4,503 |  |  | $ | 79,452 |  |  | $ | 14,921 |  |  | $ | 3,356 |  |  | $ | — |  |  | $ | 377 |  |  | $ | — |  |  | $ | — |  |  | $ | 102,609 |  |  | $ | 124,653 |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Consumer and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 28,203 |  |  | $ | 28,548 |  |  | $ | 6,247 |  |  | $ | 4,802 |  |  | $ | 2,988 |  |  | $ | 1,307 |  |  | $ | 14,752 |  |  | $ | 1,183 |  |  | $ | 88,030 |  |  | $ | 75,979 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | — |  |  | 4 |  |  | 6 |
Substandard | — |  |  | 27 |  |  | 34 |  |  | 16 |  |  | 23 |  |  | — |  |  | — |  |  | — |  |  | 100 |  |  | 94 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total consumer and other | $ | 28,203 |  |  | $ | 28,575 |  |  | $ | 6,281 |  |  | $ | 4,818 |  |  | $ | 3,011 |  |  | $ | 1,311 |  |  | $ | 14,752 |  |  | $ | 1,183 |  |  | $ | 88,134 |  |  | $ | 76,079 |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 10 |  |  |
Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 501,887 |  |  | $ | 1,617,332 |  |  | $ | 725,612 |  |  | $ | 645,165 |  |  | $ | 1,485,418 |  |  | $ | 1,352,528 |  |  | $ | 896,773 |  |  | $ | 83,718 |  |  | $ | 7,308,433 |  |  | $ | 7,018,036 |
Special Mention | 227 |  |  | 16,418 |  |  | 1,648 |  |  | 12,380 |  |  | 27,072 |  |  | 22,005 |  |  | 465 |  |  | 7,333 |  |  | 87,548 |  |  | 105,727 |
Substandard | 10,608 |  |  | 16,392 |  |  | 16,865 |  |  | 16,225 |  |  | 41,444 |  |  | 72,958 |  |  | 6,396 |  |  | 11,083 |  |  | 191,971 |  |  | 176,828 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total loans | $ | 512,722 |  |  | $ | 1,650,142 |  |  | $ | 744,125 |  |  | $ | 673,770 |  |  | $ | 1,553,934 |  |  | $ | 1,447,491 |  |  | $ | 903,634 |  |  | $ | 102,134 |  |  | $ | 7,587,952 |  |  | $ | 7,300,591 |
Current period gross charge-offs | $ | — |  |  | $ | 28 |  |  | $ | 141 |  |  | $ | 57 |  |  | $ | 851 |  |  | $ | 210 |  |  | $ | 61 |  |  | $ | 268 |  |  | $ | 1,616 |  |  |
The following table presents the activity in the allowance for credit losses on loans by portfolio type for the three months ended March 31, 2026 and 2025:
| Commercial and Industrial |  | Commercial Real Estate (Including Multi-family Residential) |  | Commercial Real Estate Construction and Land Development |  | 1-4 Family Residential (Including Home Equity) |  | Residential Construction |  | Consumer and Other |  | Total
(In thousands)
Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |
Balance December 31, 2025 | $ | 33,182 |  |  | $ | 31,873 |  |  | $ | 13,220 |  |  | $ | 3,214 |  |  | $ | 1,222 |  |  | $ | 918 |  |  | $ | 83,629 |
Provision for (reversal of) credit losses on loans | (259) |  |  | 1,353 |  |  | 1,999 |  |  | 57 |  |  | (222) |  |  | 232 |  |  | 3,160 |
Charge-offs | (753) |  |  | (851) |  |  | — |  |  | (2) |  |  | — |  |  | (10) |  |  | (1,616) |
Recoveries | 240 |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 2 |  |  | 258 |
Net charge-offs | (513) |  |  | (851) |  |  | — |  |  | 14 |  |  | — |  |  | (8) |  |  | (1,358) |
Balance March 31, 2026 | $ | 32,410 |  |  | $ | 32,375 |  |  | $ | 15,219 |  |  | $ | 3,285 |  |  | $ | 1,000 |  |  | $ | 1,142 |  |  | $ | 85,431 |
Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |
Balance December 31, 2024 | $ | 28,847 |  |  | $ | 29,833 |  |  | $ | 16,383 |  |  | $ | 3,320 |  |  | $ | 1,565 |  |  | $ | 1,110 |  |  | $ | 81,058 |
Provision for (reversal of) credit losses on loans | 1,166 |  |  | 4,175 |  |  | (2,423) |  |  | 271 |  |  | (169) |  |  | (169) |  |  | 2,851 |
Charge-offs | (45) |  |  | — |  |  | (310) |  |  | (224) |  |  | — |  |  | (3) |  |  | (582) |
Recoveries | 416 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 419 |
Net charge-offs | 371 |  |  | — |  |  | (310) |  |  | (224) |  |  | — |  |  | — |  |  | (163) |
Balance March 31, 2025 | $ | 30,384 |  |  | $ | 34,008 |  |  | $ | 13,650 |  |  | $ | 3,367 |  |  | $ | 1,396 |  |  | $ | 941 |  |  | $ | 83,746 |
Collateral Dependent Loans Collateral dependent loans are secured by real estate assets, accounts receivable, inventory and equipment. For a collateral dependent loan, the Company’s evaluation process includes a valuation by appraisal or other collateral analysis adjusted for selling costs, when appropriate. This valuation is compared to the remaining outstanding principal balance of the loan and any loss is included in the allowance for credit losses on loans as a specific allocation. The allowance for credit losses on collateral dependent loans was $6.4 million and $7.0 million, as of March 31, 2026 and December 31, 2025, respectively. The following tables present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses as of March 31, 2026 and December 31, 2025:
| March 31, 2026
| Real Estate |  | Business Assets |  | Other |  | Total
| (In thousands)
Commercial and industrial | $ | — |  |  | $ | 5,066 |  |  | $ | — |  |  | $ | 5,066 |
Real estate: |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) | 31,883 |  |  | — |  |  | — |  |  | 31,883 |
Commercial real estate construction and land development | 905 |  |  | — |  |  | — |  |  | 905 |
1-4 family residential (including home equity) | 13,567 |  |  | — |  |  | — |  |  | 13,567 |
Residential construction | 292 |  |  | — |  |  | — |  |  | 292 |
Total | $ | 46,647 |  |  | $ | 5,066 |  |  | $ | — |  |  | $ | 51,713 |
| December 31, 2025
| Real Estate |  | Business Assets |  | Other |  | Total
| (In thousands)
Commercial and industrial | $ | — |  |  | $ | 4,390 |  |  | $ | — |  |  | $ | 4,390 |
Real estate: |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) | 28,194 |  | — |  |  | — |  |  | 28,194 |
Commercial real estate construction and land development | 1,838 |  |  | — |  |  | — |  |  | 1,838 |
1-4 family residential (including home equity) | 10,944 |  |  | — |  |  | — |  |  | 10,944 |
Residential construction | 448 |  |  | — |  |  | — |  |  | 448 |
Total | $ | 41,424 |  |  | $ | 4,390 |  |  | $ | — |  |  | $ | 45,814 |
Nonaccrual Loans The following tables present additional information regarding nonaccrual loans. No interest income was recognized on nonaccrual loans as of March 31, 2026 and December 31, 2025:
| March 31, 2026
| Nonaccrual Loans with No Related Allowance |  | Nonaccrual Loans with Related Allowance |  | Total Nonaccrual Loans
| (In thousands)
Commercial and industrial | $ | 3,144 |  |  | $ | 7,344 |  |  | $ | 10,488 |
Real estate: |  |  |  |  |
Commercial real estate (including multi-family residential) | 16,868 |  |  | 16,071 |  |  | 32,939 |
Commercial real estate construction and land development | 905 |  |  | — |  |  | 905 |
1-4 family residential (including home equity) | 9,426 |  |  | 6,494 |  |  | 15,920 |
Residential construction | 292 |  |  | — |  |  | 292 |
Consumer and other | — |  |  | 46 |  |  | 46 |
Total | $ | 30,635 |  |  | $ | 29,955 |  |  | $ | 60,590 |
| December 31, 2025
| Nonaccrual Loans with No Related Allowance |  | Nonaccrual Loans with Related Allowance |  | Total Nonaccrual Loans
| (In thousands)
Commercial and industrial | $ | 2,291 |  |  | $ | 5,325 |  |  | $ | 7,616 |
Real estate: |  |  |  |  |
Commercial real estate (including multi-family residential) | 15,489 |  |  | 13,782 |  |  | 29,271 |
Commercial real estate construction and land development | 1,838 |  |  | — |  |  | 1,838 |
1-4 family residential (including home equity) | 8,170 |  |  | 5,163 |  |  | 13,333 |
Residential construction | 448 |  |  | — |  |  | 448 |
Consumer and other | — |  |  | 42 |  |  | 42 |
Total | $ | 28,236 |  |  | $ | 24,312 |  |  | $ | 52,548 |
Loan Modifications Loan modifications are reported if concessions have been granted to borrowers that are experiencing financial difficulty. The percentage of loans modified comprised less than 1% of their respective classes of loan portfolios at March 31, 2026. The following table presents information regarding the period end balance of loans that were modified to borrowers experiencing financial difficulty during the three months ended March 31, 2026 and 2025. As of March 31, 2026, the Company had no commitments to lend additional funds to these borrowers. The following tables present information regarding loans that were modified due to the borrowers experiencing financial difficulty during the three months ended March 31, 2026 and 2025:
|  | Three Months Ended March 31, 2026
|  | Interest Rate Reduction |  | Term Extension |  | Payment Delay |  | Principal Forgiveness |  | Combination Term Extension and Payment Delay |  | Combination Term Extension and Interest Rate Reduction |  | Total
| (In thousands)
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) |  | $ | — |  |  | $ | 10,842 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,842 |
1-4 family residential (including home equity) |  | — |  | 227 |  | 1,642 |  | — |  | — |  | — |  | 1,869
Total |  | $ | — |  |  | $ | 11,069 |  |  | $ | 1,642 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12,711 |
|  | Three Months Ended March 31, 2025
|  | Interest Rate Reduction |  | Term Extension |  | Payment Delay |  | Principal Forgiveness |  | Combination Term Extension and Payment Delay |  | Combination Term Extension and Interest Rate Reduction |  | Total
| (In thousands)
Commercial and industrial |  | $ | — |  |  | $ | 1,586 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,586 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) |  | — |  | 904 |  | — |  | — |  | — |  | — |  | 904
Commercial real estate construction and land development |  | — |  | 49 |  | — |  | — |  | 1,428 |  | — |  | 1,477
Total |  | $ | — |  |  | $ | 2,539 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,428 |  |  | $ | — |  |  | $ | 3,967 |
The following tables present, by loan portfolio, the financial effect of the Company’s loan modifications for the periods indicated:
|  | Three Months Ended March 31, 2026 |  | Three Months Ended March 31, 2025
|  | Weighted-Average Term Extension |  | Weighted-Average Interest Rate Reduction |  | Weighted-Average Term Extension |  | Weighted-Average Interest Rate Reduction
|  | (months) |  |  |  | (months) |  |
Commercial and industrial |  | — |  | — | % |  | 15 |  | — | %
Real estate: |  |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) |  | 6 |  | — | % |  | 12 |  | — | %
Commercial real estate construction and land development |  | — |  | — | % |  | 3 |  | — | %
1-4 family residential (including home equity) |  | 6 |  | — | % |  | — |  | — | %
The following table presents modified loans that had a payment default, determined as 90 or more days past due, that were modified due to the borrowers experiencing financial difficulty during the periods indicated:
|  | Twelve Months Ended March 31, 2026 |  | Twelve Months Ended March 31, 2025
|  | Term Extension |  | Payment Delay |  | Combination |  | Term Extension |  | Payment Delay |  | Combination
|  | (In thousands)
Commercial and industrial |  | $ | 375 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate (including multi-family residential) |  | 154 |  | — |  | — |  | 904 |  | — |  | —
Commercial real estate construction and land development |  | 172 |  | — |  | — |  | 290 |  | — |  | —
1-4 family residential (including home equity) |  | — |  | 1,641 |  | — |  | 1,077 |  | — |  | —
Total |  | $ | 701 |  |  | $ | 1,641 |  |  | $ | — |  |  | $ | 2,271 |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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