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Loan and Lease Financings (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Schedule of amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination

The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination as of June 30, 2025, and gross charge-offs for the six months ended June 30, 2025.

			Term Loans and Leases by Origination Year
(Dollars in thousands)			2025			2024			2023			2022			2021			Prior			Revolving Loans			Revolving Loans Converted to Term			Total
Commercial and agricultural
Grades 1-6			$	93,436		$	108,659		$	100,458		$	57,419		$	29,178		$	22,420		$	367,269		$	—		$	778,839
Grades 7-12			2,184			263			4,763			6,265			1,939			2,200			39,373			—			56,987
Total commercial and agricultural			95,620			108,922			105,221			63,684			31,117			24,620			406,642			—			835,826
Current period gross charge-offs			—			9			134			109			10			—			592			—			854
Renewable energy
Grades 1-6			162,509			137,208			104,391			23,903			59,761			85,454			—			—			573,226
Grades 7-12			—			—			—			—			—			—			—			—			—
Total renewable energy			162,509			137,208			104,391			23,903			59,761			85,454			—			—			573,226
Current period gross charge-offs			—			—			—			—			—			—			—			—			—
Auto and light truck
Grades 1-6			298,186			308,845			182,256			66,832			16,175			9,437			—			—			881,731
Grades 7-12			3,444			43,483			40,456			2,675			28			644			—			—			90,730
Total auto and light truck			301,630			352,328			222,712			69,507			16,203			10,081			—			—			972,461
Current period gross charge-offs			—			1,484			129			226			1			—			—			—			1,840
Medium and heavy duty truck
Grades 1-6			51,172			75,851			63,097			58,580			16,524			8,488			—			—			273,712
Grades 7-12			—			—			1,336			5,026			2,155			7			—			639			9,163
Total medium and heavy duty truck			51,172			75,851			64,433			63,606			18,679			8,495			—			639			282,875
Current period gross charge-offs			—			—			—			—			—			—			—			—			—
Aircraft
Grades 1-6			175,262			292,317			170,152			260,878			131,374			76,629			7,364			—			1,113,976
Grades 7-12			—			2,881			7,371			6,957			—			3,653			—			—			20,862
Total aircraft			175,262			295,198			177,523			267,835			131,374			80,282			7,364			—			1,134,838
Current period gross charge-offs			—			—			485			—			—			—			—			—			485
Construction equipment
Grades 1-6			243,374			412,247			262,335			157,700			45,542			22,512			25,638			1,717			1,171,065
Grades 7-12			2,579			5,739			6,143			10,251			1,274			10,158			—			—			36,144
Total construction equipment			245,953			417,986			268,478			167,951			46,816			32,670			25,638			1,717			1,207,209
Current period gross charge-offs			—			201			816			—			—			—			—			—			1,017
Commercial real estate
Grades 1-6			98,895			288,915			292,665			214,490			119,180			212,841			74			—			1,227,060
Grades 7-12			46			1,225			9,494			5,228			5,889			3,808			—			—			25,690
Total commercial real estate			98,941			290,140			302,159			219,718			125,069			216,649			74			—			1,252,750
Current period gross charge-offs			—			2			—			—			—			4			—			—			6
Residential real estate and home equity
Performing			51,607			81,280			63,846			88,946			77,973			150,468			189,126			7,248			710,494
Nonperforming			—			—			145			612			215			1,015			1,448			97			3,532
Total residential real estate and home equity			51,607			81,280			63,991			89,558			78,188			151,483			190,574			7,345			714,026
Current period gross charge-offs			—			—			—			4			—			1			30			—			35
Consumer
Performing			22,492			34,954			25,399			20,035			6,456			1,916			12,725			—			123,977
Nonperforming			74			23			322			242			65			54			1			—			781
Total consumer			22,566			34,977			25,721			20,277			6,521			1,970			12,726			—			124,758
Current period gross charge-offs			$	272		$	163		$	113		$	147		$	44		$	2		$	11		$	—		$	752

The following table shows the amortized cost of loans and leases, segregated by portfolio segment, credit quality rating and year of origination as of December 31, 2024, and gross charge-offs for the year ended December 31, 2024.

			Term Loans and Leases by Origination Year
(Dollars in thousands)			2024			2023			2022			2021			2020			Prior			Revolving Loans			Revolving Loans Converted to Term			Total
Commercial and agricultural
Grades 1-6			$	136,888		$	115,508		$	66,696		$	36,315		$	19,677		$	18,369		$	331,282		$	—		$	724,735
Grades 7-12			438			4,079			7,769			2,426			194			2,325			31,008			—			48,239
Total commercial and agricultural			137,326			119,587			74,465			38,741			19,871			20,694			362,290			—			772,974
Current period gross charge-offs			—			276			117			550			—			—			8,882			—			9,825
Renewable energy
Grades 1-6			150,951			145,126			22,110			70,606			22,329			76,144			—			—			487,266
Grades 7-12			—			—			—			—			—			—			—			—			—
Total renewable energy			150,951			145,126			22,110			70,606			22,329			76,144			—			—			487,266
Current period gross charge-offs			—			—			—			—			—			—			—			—			—
Auto and light truck
Grades 1-6			443,033			276,295			106,199			25,535			10,018			6,677			—			—			867,757
Grades 7-12			26,131			48,319			4,754			99			1,210			165			—			—			80,678
Total auto and light truck			469,164			324,614			110,953			25,634			11,228			6,842			—			—			948,435
Current period gross charge-offs			—			165			448			6			—			111			—			—			730
Medium and heavy duty truck
Grades 1-6			88,395			72,816			81,238			25,726			11,298			5,493			—			—			284,966
Grades 7-12			—			1,524			1,623			690			—			13			—			807			4,657
Total medium and heavy duty truck			88,395			74,340			82,861			26,416			11,298			5,506			—			807			289,623
Current period gross charge-offs			—			—			—			—			—			—			—			—			—
Aircraft
Grades 1-6			347,099			190,776			285,677			151,194			82,208			32,326			7,773			—			1,097,053
Grades 7-12			2,882			7,704			10,920			1,846			3,392			—			—			—			26,744
Total aircraft			349,981			198,480			296,597			153,040			85,600			32,326			7,773			—			1,123,797
Current period gross charge-offs			—			—			—			15			—			53			—			—			68
Construction equipment
Grades 1-6			488,870			325,443			208,114			70,258			33,095			10,890			25,916			1,966			1,164,552
Grades 7-12			2,716			10,650			11,686			1,679			12,629			—			—			—			39,360
Total construction equipment			491,586			336,093			219,800			71,937			45,724			10,890			25,916			1,966			1,203,912
Current period gross charge-offs			46			989			390			267			—			—			—			—			1,692
Commercial real estate
Grades 1-6			258,988			303,717			237,103			126,129			82,249			177,798			264			—			1,186,248
Grades 7-12			145			14,580			5,846			6,386			27			2,033			—			—			29,017
Total commercial real estate			259,133			318,297			242,949			132,515			82,276			179,831			264			—			1,215,265
Current period gross charge-offs			—			—			—			—			—			—			—			—			—
Residential real estate and home equity
Performing			87,045			69,439			94,441			81,345			79,575			85,333			173,876			6,210			677,264
Nonperforming			—			171			624			346			103			340			1,138			85			2,807
Total residential real estate and home equity			87,045			69,610			95,065			81,691			79,678			85,673			175,014			6,295			680,071
Current period gross charge-offs			—			3			—			32			—			—			30			1			66
Consumer
Performing			43,692			33,063			28,594			10,092			2,398			983			13,823			—			132,645
Nonperforming			22			352			336			57			33			20			—			—			820
Total consumer			43,714			33,415			28,930			10,149			2,431			1,003			13,823			—			133,465
Current period gross charge-offs			$	565		$	230		$	276		$	118		$	16		$	22		$	122		$	—		$	1,349

Schedule of amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status

The following table shows the amortized cost of loans and leases, segregated by portfolio segment, with delinquency aging and nonaccrual status.

(Dollars in thousands)						Current						30-59 Days Past Due						60-89 Days Past Due						90 Days or More Past Due and Accruing						Total Accruing						Total Nonaccrual						Nonaccrual with No Allowance for Credit Loss						Total
June 30, 2025
Commercial and agricultural						$	828,267					$	1,352					$	530					$	—					$	830,149					$	5,677					$	4,440					$	835,826
Renewable energy						573,226						—						—						—						573,226						—						—						573,226
Auto and light truck						899,953						27,184						4						—						927,141						45,320						9,251						972,461
Medium and heavy duty truck						282,875						—						—						—						282,875						—						—						282,875
Aircraft						1,134,838						—						—						—						1,134,838						—						—						1,134,838
Construction equipment						1,190,755						1,554						1,105						—						1,193,414						13,795						13,088						1,207,209
Commercial real estate						1,247,716						1,771						438						—						1,249,925						2,825						2,247						1,252,750
Residential real estate and home equity						708,876						950						668						119						710,613						3,413						—						714,026
Consumer						122,870						945						162						79						124,056						702						—						124,758
Total						$	6,989,376					$	33,756					$	2,907					$	198					$	7,026,237					$	71,732					$	29,026					$	7,097,969
December 31, 2024
Commercial and agricultural						$	767,942					$	275					$	42					$	—					$	768,259					$	4,715					$	3,167					$	772,974
Renewable energy						487,266						—						—						—						487,266						—						—						487,266
Auto and light truck						943,403						2,226						—						—						945,629						2,806						939						948,435
Medium and heavy duty truck						289,623						—						—						—						289,623						—						—						289,623
Aircraft						1,123,797						—						—						—						1,123,797						—						—						1,123,797
Construction equipment						1,185,936						—						—						—						1,185,936						17,976						17,404						1,203,912
Commercial real estate						1,203,967						9,703						—						—						1,213,670						1,595						1,055						1,215,265
Residential real estate and home equity						675,669						1,010						585						96						677,360						2,711						—						680,071
Consumer						131,585						852						208						10						132,655						810						—						133,465
Total						$	6,809,188					$	14,066					$	835					$	106					$	6,824,195					$	30,613					$	22,565					$	6,854,808

Schedule of amortized cost of collateral - dependent loans which are individually evaluated for impairment by collateral type.

The following table shows the amortized cost basis of collateral-dependent loans, segregated by portfolio segment, which are individually evaluated to determine credit losses.

(Dollars in thousands)			Real Estate			Equipment			General Business Assets			Total			Allowance on Collateral Dependent Loans and Leases
June 30, 2025
Commercial and agricultural			$	—		$	—		$	5,572		$	5,572		$	1,026
Auto and light truck			—			43,960			—			43,960			1,228
Construction equipment			—			13,088			—			13,088			—
Commercial real estate			2,387			—			—			2,387			2
Total			$	2,387		$	57,048		$	5,572		$	65,007		$	2,256
December 31, 2024
Commercial and agricultural			$	—		$	—		$	4,102		$	4,102		$	209
Auto and light truck			—			939			—			939			—
Construction equipment			—			17,404			—			17,404			—
Commercial real estate			1,055			—			—			1,055			—
Total			$	1,055		$	18,343		$	4,102		$	23,500		$	209

Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, segregated by portfolio segment and type of modification.

The following table shows the amortized cost of loans and leases over $250,000 at June 30, 2025, and June 30, 2024, respectively, that were both experiencing financial difficulty and modified during the three months ended June 30, 2025, and June 30, 2024, respectively, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.

(Dollars in thousands)			Payment Delay			Term Extension			Interest Rate Reduction			Combination Payment Delay and Term Extension			% of Total Segment Financing Receivables
Three Months Ended June 30, 2025
Commercial and agricultural			$	—		$	4,026		$	—		$	—		0.48		%
Total			$	—		$	4,026		$	—		$	—		0.06		%
Three Months Ended June 30, 2024
Commercial and agricultural			$	—		$	—		$	—		$	5,920		0.82		%
Auto and light truck			—			—			—			8,348			0.83
Total			$	—		$	—		$	—		$	14,268		0.21		%

The following table shows the amortized cost of loans and leases over $250,000 at June 30, 2025, and June 30, 2024, respectively, that were both experiencing financial difficulty and modified during the six months ended June 30, 2025, and June 30, 2024, respectively, segregated by portfolio segment and type of modification. The percentage of the amortized cost of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost of each segment of financial receivable is also presented below.

(Dollars in thousands)			Payment Delay			Term Extension			Interest Rate Reduction			Combination Payment Delay and Term Extension			% of Total Segment Financing Receivables
Six months ended June 30, 2025
Commercial and agricultural			$	—		$	4,026		$	—		$	—		0.48		%
Construction equipment			—			498			—			—			0.04
Total			$	—		$	4,524		$	—		$	—		0.06		%
Six months ended June 30, 2024
Commercial and agricultural			$	—		$	108		$	—		$	5,920		0.84		%
Auto and light truck			—			—			—			32,550			3.22
Total			$	—		$	108		$	—		$	38,470		0.58		%

Schedule of amortized cost of loans and leases that were both experiencing financial difficulty and modified, with delinquency status.

The Company closely monitors the performance of loans and leases that have been modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table shows the performance of such loans and leases that have been modified during the twelve months ended June 30, 2025, and June 30, 2024, respectively.

(Dollars in thousands)			Current			30-59 Days Past Due			60-89 Days Past Due			90 Days or More Past Due			Total Past Due
Twelve months ended June 30, 2025
Commercial and agricultural			$	5,028		$	—		$	—		$	—		$	—
Auto and light truck			—			—			—			7,863			7,863
Medium and heavy duty truck			2,586			—			—			—			—
Construction equipment			498			—			—			—			—
Commercial real estate			981			—			—			—			—
Total			$	9,093		$	—		$	—		$	7,863		$	7,863
Twelve months ended June 30, 2024
Commercial and agricultural			$	6,493		$	140		$	—		$	—		$	140
Auto and light truck			32,550			—			—			—			—
Medium and heavy duty truck			10,320			—			—			—			—
Total			$	49,363		$	140		$	—		$	—		$	140

Schedule of the financial effect of loan and lease modifications to borrowers experiencing financial difficulties.

The following table shows the financial effect of loan and lease modifications presented above to borrowers experiencing financial difficulty for the twelve months ended June 30, 2025, and June 30, 2024, respectively.

			Weighted- Average Interest Rate Reduction			Weighted- Average Term Extension (in months)			Weighted- Average Payment Delay (in months)			Combination Weighted-Average Payment Delay and Term Extension (in months)
Twelve months ended June 30, 2025
Commercial and agricultural			—		%	12			6			0
Auto and light truck			—			0			0			3
Medium and heavy duty truck			—			0			0			4
Construction equipment			—			5			0			0
Commercial real estate			—			0			6			0
Total			—		%	11			6			3
Twelve months ended June 30, 2024
Commercial and agricultural			—		%	9			6			10
Auto and light truck			—			0			0			3
Medium and heavy duty truck			—			0			0			6
Total			—		%	9			6			5

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 33
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-33

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