For the periods indicated, the following tables summarize the activity in the allowance for credit losses on loans which is recorded as a contra asset, and the reserve for unfunded commitments which is recorded on the balance sheet within other liabilities:


	Allowance for credit losses – Three months ended September 30, 2024
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	37,155	$	—	$	—	$	(949)	$	36,206
CRE owner occupied	15,873		—		1		(492)		15,382
Multifamily	15,973		—		—		(238)		15,735
Farmland	4,031		—		—		(15)		4,016
Total commercial real estate loans	73,032		—		1		(1,694)		71,339
Consumer:
SFR 1-4 1st DT liens	14,604		—		—		(238)		14,366
SFR HELOCs and junior liens	10,087		—		196		(98)		10,185
Other	2,983		(170)		63		77		2,953
Total consumer loans	27,674		(170)		259		(259)		27,504
Commercial and industrial	12,128		(274)		106		2,493		14,453
Construction	7,466		—		—		(347)		7,119
Agriculture production	3,180		—		1		131		3,312
Leases	37		—		—		(4)		33
Allowance for credit losses on loans	123,517		(444)		367		320		123,760
Reserve for unfunded commitments	6,210		—		—		(100)		6,110
Total	$	129,727	$	(444)	$	367	$	220	$	129,870


	Allowance for credit losses – Nine months ended September 30, 2024
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	35,077	$	—	$	—	$	1,129	$	36,206
CRE owner occupied	15,081		—		2		299		15,382
Multifamily	14,418		—		—		1,317		15,735
Farmland	4,288		—		—		(272)		4,016
Total commercial real estate loans	68,864		—		2		2,473		71,339
Consumer:
SFR 1-4 1st DT liens	14,009		(26)		—		383		14,366
SFR HELOCs and junior liens	10,273		(41)		296		(343)		10,185
Other	3,171		(538)		184		136		2,953
Total consumer loans	27,453		(605)		480		176		27,504
Commercial and industrial	12,750		(1,274)		389		2,588		14,453
Construction	8,856		—		—		(1,737)		7,119
Agriculture production	3,589		(1,450)		26		1,147		3,312
Leases	10		—		—		23		33
Allowance for credit losses on loans	121,522		(3,329)		897		4,670		123,760
Reserve for unfunded commitments	5,850		—		—		260		6,110
Total	$	127,372	$	(3,329)	$	897	$	4,930	$	129,870

In determining the allowance for credit losses, accruing loans with similar risk characteristics are generally evaluated collectively. To estimate expected losses the Company generally utilizes historical loss trends and the remaining contractual lives of the loan portfolios to determine estimated credit losses through a reasonable and supportable forecast period. Individual loan credit quality indicators including loan grade and borrower repayment performance have been statistically correlated with historical credit losses and various econometrics,

including California unemployment, gross domestic product, and corporate bond yields. Model forecasts may be adjusted for inherent limitations or biases that have been identified through independent validation and back-testing of model performance to actual realized results.

The Company utilizes a forecast period of approximately eight quarters and obtains the forecast data from publicly available sources as of the balance sheet date. This forecast data continues to evolve and includes improving shifts in the magnitude of changes for both the unemployment and GDP factors leading up to the balance sheet date. Core inflation is slowing but prices remain elevated relative to wage increases, as reflected by higher living costs such as housing, energy and general services. Actions by the Federal Reserve to cut rates during 2024 and beyond may help improve this outlook overall, but the uncertainty associated with the extent and timing of these potential reductions has inhibited a material change to forecasted reserve levels. Furthermore, geopolitical risks remain elevated and appear to be getting worse, which may lead to further negative effects on domestic economic outcomes. As a result, management continues to believe that certain credit weaknesses are present in the overall economy and that it is appropriate to maintain a reserve level that incorporates such risk factors.


	Allowance for credit losses – Year ended December 31, 2023
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	30,962	$	—	$	—	$	4,115	$	35,077
CRE owner occupied	14,014		(3,637)		2		4,702		15,081
Multifamily	13,132		—		—		1,286		14,418
Farmland	3,273		—		—		1,015		4,288
Total commercial real estate loans	61,381		(3,637)		2		11,118		68,864
Consumer:
SFR 1-4 1st DT liens	11,268		—		262		2,479		14,009
SFR HELOCs and junior liens	11,413		(66)		723		(1,797)		10,273
Other	1,958		(558)		190		1,581		3,171
Total consumer loans	24,639		(624)		1,175		2,263		27,453
Commercial and industrial	13,597		(3,879)		316		2,716		12,750
Construction	5,142		—		—		3,714		8,856
Agriculture production	906		—		34		2,649		3,589
Leases	15		—		—		(5)		10
Allowance for credit losses on loans	105,680		(8,140)		1,527		22,455		121,522
Reserve for unfunded commitments	4,315		—		—		1,535		5,850
Total	$	109,995	$	(8,140)	$	1,527	$	23,990	$	127,372


	Allowance for credit losses – Three months ended September 30, 2023
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	33,042	$	—	$	—	$	681	$	33,723
CRE owner occupied	20,208		(3,608)		—		(2,097)		14,503
Multifamily	14,075		—		—		164		14,239
Farmland	3,691		—		—		519		4,210
Total commercial real estate loans	71,016		(3,608)		—		(733)		66,675
Consumer:
SFR 1-4 1st DT liens	13,134		—		262		139		13,535
SFR HELOCs and junior liens	10,608		—		314		(759)		10,163
Other	2,771		(133)		52		230		2,920
Total consumer loans	26,513		(133)		628		(390)		26,618
Commercial and industrial	11,647		(1,616)		91		2,168		12,290
Construction	7,031		—		—		1,066		8,097
Agriculture production	1,105		—		1		1,019		2,125
Leases	17		—		—		(10)		7
Allowance for credit losses on loans	117,329		(5,357)		720		3,120		115,812
Reserve for unfunded commitments	4,865		—		—		1,035		5,900
Total	$	122,194	$	(5,357)	$	720	$	4,155	$	121,712


	Allowance for credit losses – Nine months ended September 30, 2023
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	30,962	$	—	$	—	$	2,761	$	33,723
CRE owner occupied	14,014		(3,608)		1		4,096		14,503
Multifamily	13,132		—		—		1,107		14,239
Farmland	3,273		—		—		937		4,210
Total commercial real estate loans	61,381		(3,608)		1		8,901		66,675
Consumer:
SFR 1-4 1st DT liens	11,268		—		262		2,005		13,535
SFR HELOCs and junior liens	11,413		(42)		416		(1,624)		10,163
Other	1,958		(438)		129		1,271		2,920
Total consumer loans	24,639		(480)		807		1,652		26,618
Commercial and industrial	13,597		(3,303)		267		1,729		12,290
Construction	5,142		—		—		2,955		8,097
Agriculture production	906		—		33		1,186		2,125
Leases	15		—		—		(8)		7
Allowance for credit losses on loans	105,680		(7,391)		1,108		16,415		115,812
Reserve for unfunded commitments	4,315		—		—		1,585		5,900
Total	$	109,995	$	(7,391)	$	1,108	$	18,000	$	121,712

As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including, but not limited to, trends relating to (i) the level of criticized and classified loans, (ii) net charge-offs, (iii) non-performing loans, and (iv) delinquency within the portfolio. The Company analyzes loans individually to classify the loans as to credit risk and grading. This analysis is performed annually for all outstanding balances greater than $1 million and non-homogeneous loans, such as commercial real estate loans, unless other indicators, such as delinquency, trigger more frequent evaluation. Loans below the $1 million threshold and homogenous in nature are evaluated as needed for proper grading based on delinquency and borrower credit scores.

•Pass – This grade represents loans ranging from acceptable to very little or no credit risk. These loans typically meet most if not all policy standards in regard to: loan amount as a percentage of collateral value, debt service coverage, profitability, leverage, and working capital.

•Special Mention – This grade represents “Other Assets Especially Mentioned” in accordance with regulatory guidelines and includes loans that display some potential weaknesses which, if left unaddressed, may result in deterioration of the repayment prospects for the asset or may inadequately protect the Company’s position in the future. These loans warrant more than normal supervision and attention.

•Substandard – This grade represents “Substandard” loans in accordance with regulatory guidelines. Loans within this rating typically exhibit weaknesses that are well defined to the point that repayment is jeopardized. Loss potential is, however, not necessarily evident. The underlying collateral supporting the credit appears to have sufficient value to protect the Company from loss of principal and accrued interest, or the loan has been written down to the point where this is true. There is a definite need for a well-defined workout/rehabilitation program.

•Doubtful – This grade represents “Doubtful” loans in accordance with regulatory guidelines. An asset classified as Doubtful has all the weaknesses inherent in a loan classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and financing plans.

•Loss – This grade represents “Loss” loans in accordance with regulatory guidelines. A loan classified as Loss is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan, even though some recovery may be affected in the future. The portion of the loan that is graded loss should be charged off no later than the end of the quarter in which the loss is identified.


	Term Loans Amortized Cost Basis by Origination Year – As of September 30, 2024												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2024		2023		2022		2021		2020		Prior
Commercial real estate:
CRE non-owner occupied risk ratings
Pass	$	85,786	$	179,495	$	417,796	$	271,527	$	153,621	$	937,565	$	158,727	$	—	$	2,204,517
Special Mention	—		—		1,595		—		—		28,361		436		—		30,392
Substandard	—		—		—		—		—		16,796		—		—		16,796
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	85,786	$	179,495	$	419,391	$	271,527	$	153,621	$	982,722	$	159,163	$	—	$	2,251,705
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Commercial real estate:
CRE owner occupied risk ratings
Pass	$	56,032	$	74,060	$	196,922	$	180,017	$	106,181	$	272,791	$	32,701	$	—	$	918,704
Special Mention	1,646		—		1,651		1,742		208		3,260		—		—		8,507
Substandard	—		—		8,027		5,420		3,527		3,093		—		—		20,067
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	57,678	$	74,060	$	206,600	$	187,179	$	109,916	$	279,144	$	32,701	$	—	$	947,278
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year – As of September 30, 2024												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2024		2023		2022		2021		2020		Prior
Commercial real estate:
Multifamily risk ratings
Pass	$	30,509	$	28,045	$	175,965	$	294,983	$	119,176	$	317,604	$	40,955	$	—	$	1,007,237
Special Mention	—		—		—		12,316		—		209		—		—		12,525
Substandard	—		—		502		—		—		202		—		—		704
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	30,509	$	28,045	$	176,467	$	307,299	$	119,176	$	318,015	$	40,955	$	—	$	1,020,466
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
Farmland risk ratings
Pass	$	8,447	$	18,332	$	45,362	$	21,187	$	15,384	$	50,085	$	43,544	$	—	$	202,341
Special Mention	—		2,708		2,911		8,331		425		3,763		1,506		—		19,644
Substandard	—		83		—		21,123		—		12,846		12,038		—		46,090
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	8,447	$	21,123	$	48,273	$	50,641	$	15,809	$	66,694	$	57,088	$	—	$	268,075
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	42,829	$	122,899	$	177,574	$	245,529	$	116,777	$	141,713	$	—	$	3,982	$	851,303
Special Mention	—		67		—		—		—		904		—		168		1,139
Substandard	—		253		353		3,504		2,107		6,620		—		477		13,314
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	42,829	$	123,219	$	177,927	$	249,033	$	118,884	$	149,237	$	—	$	4,627	$	865,756
Year-to-date gross charge-offs	$	—	$	26	$	—	$	—	$	—	$	—	$	—	$	—	$	26


Consumer loans:
SFR HELOCs and junior liens risk ratings
Pass	$	252	$	—	$	—	$	—	$	—	$	77	$	338,631	$	6,183	$	345,143
Special Mention	—		—		—		—		—		—		5,126		235		5,361
Substandard	—		—		—		—		—		—		4,381		456		4,837
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	252	$	—	$	—	$	—	$	—	$	77	$	348,138	$	6,874	$	355,341
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	41	$	—	$	41




Consumer loans:
Other risk ratings
Pass	$	10,102	$	24,078	$	6,501	$	6,817	$	5,555	$	8,002	$	612	$	—	$	61,667
Special Mention	—		92		35		231		110		8		15		—		491
Substandard	—		82		166		114		2		342		2		—		708
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	10,102	$	24,252	$	6,702	$	7,162	$	5,667	$	8,352	$	629	$	—	$	62,866
Year-to-date gross charge-offs	$	285	$	67	$	16	$	74	$	28	$	56	$	12	$	—	$	538


	Term Loans Amortized Cost Basis by Origination Year – As of September 30, 2024												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2024		2023		2022		2021		2020		Prior
Commercial and industrial loans:
Commercial and industrial risk ratings
Pass	$	60,316	$	61,459	$	66,387	$	46,857	$	5,087	$	10,539	$	213,784	$	161	$	464,590
Special Mention	143		100		1,530		67		282		1		3,082		—		5,205
Substandard	429		—		1,555		847		43		636		11,384		74		14,968
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	60,888	$	61,559	$	69,472	$	47,771	$	5,412	$	11,176	$	228,250	$	235	$	484,763
Year-to-date gross charge-offs	$	186	$	—	$	178	$	93	$	—	$	—	$	817	$	—	$	1,274


Construction loans:
Construction risk ratings
Pass	$	21,043	$	103,279	$	94,936	$	29,098	$	6,676	$	7,585	$	—	$	—	$	262,617
Special Mention	—		—		13,419		—		—		—		—		—		13,419
Substandard	—		—		—		—		—		59		—		—		59
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	21,043	$	103,279	$	108,355	$	29,098	$	6,676	$	7,644	$	—	$	—	$	276,095
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Agriculture production loans:
Agriculture production risk ratings
Pass	$	639	$	1,379	$	2,495	$	1,028	$	214	$	7,530	$	122,624	$	—	$	135,909
Special Mention	—		—		138		400		107		227		7,204		—		8,076
Substandard	—		—		—		96		—		15		27		—		138
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	639	$	1,379	$	2,633	$	1,524	$	321	$	7,772	$	129,855	$	—	$	144,123
Year-to-date gross charge-offs	$	—	$	—	$	173	$	—	$	—	$	—	$	1,277	$	—	$	1,450


Leases:
Lease risk ratings
Pass	$	7,423	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	7,423
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	7,423	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	7,423
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Total loans outstanding:
Risk ratings
Pass	$	323,378	$	613,026	$	1,183,938	$	1,097,043	$	528,671	$	1,753,491	$	951,578	$	10,326	$	6,461,451
Special Mention	1,789		2,967		21,279		23,087		1,132		36,733		17,369		403		104,759
Substandard	429		418		10,603		31,104		5,679		40,609		27,832		1,007		117,681
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	325,596	$	616,411	$	1,215,820	$	1,151,234	$	535,482	$	1,830,833	$	996,779	$	11,736	$	6,683,891
Year-to-date gross charge-offs	$	471	$	93	$	367	$	167	$	28	$	56	$	2,147	$	—	$	3,329


	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2023												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2023		2022		2021		2020		2019		Prior
Commercial real estate:
CRE non-owner occupied risk ratings
Pass	$	180,326	$	413,863	$	290,210	$	137,656	$	206,408	$	792,875	$	141,686	$	—	$	2,163,024
Special Mention	—		1,329		—		5,281		17,093		14,174		1,247		—		39,124
Substandard	—		—		767		—		2,139		12,540		212		—		15,658
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	180,326	$	415,192	$	290,977	$	142,937	$	225,640	$	819,589	$	143,145	$	—	$	2,217,806
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
CRE owner occupied risk ratings
Pass	$	71,288	$	196,915	$	190,384	$	118,457	$	59,220	$	268,990	$	23,740	$	—	$	928,994
Special Mention	—		5,773		1,513		2,754		703		2,678		—		—		13,421
Substandard	—		2,972		7,835		—		111		3,107		—		—		14,025
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	71,288	$	205,660	$	199,732	$	121,211	$	60,034	$	274,775	$	23,740	$	—	$	956,440
Period end gross write-offs	$	—	$	—	$	—	$	1,380	$	—	$	2,228	$	29	$	—	$	3,637


Commercial real estate:
Multifamily risk ratings
Pass	$	28,445	$	177,032	$	279,660	$	89,106	$	104,108	$	225,446	$	33,470	$	—	$	937,267
Special Mention	—		—		11,914		—		—		321		—		—		12,235
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	28,445	$	177,032	$	291,574	$	89,106	$	104,108	$	225,767	$	33,470	$	—	$	949,502
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
Farmland risk ratings
Pass	$	21,729	$	46,398	$	37,134	$	16,006	$	16,780	$	41,663	$	50,857	$	—	$	230,567
Special Mention	—		2,170		5,802		51		261		734		—		—		9,018
Substandard	101		813		9,053		377		—		13,266		7,859		—		31,469
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	21,830	$	49,381	$	51,989	$	16,434	$	17,041	$	55,663	$	58,716	$	—	$	271,054
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	135,741	$	189,920	$	260,870	$	125,081	$	29,568	$	126,975	$	—	$	4,079	$	872,234
Special Mention	71		—		—		—		—		1,948		—		27		2,046
Substandard	—		140		1,296		1,490		531		5,265		—		436		9,158
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	135,812	$	190,060	$	262,166	$	126,571	$	30,099	$	134,188	$	—	$	4,542	$	883,438
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2023												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2023		2022		2021		2020		2019		Prior
Consumer loans:
SFR HELOCs and junior liens risk ratings
Pass	$	297	$	—	$	—	$	—	$	—	$	96	$	343,698	$	6,444	$	350,535
Special Mention	—		—		—		—		—		—		2,274		138		2,412
Substandard	—		—		—		—		—		—		3,212		654		3,866
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	297	$	—	$	—	$	—	$	—	$	96	$	349,184	$	7,236	$	356,813
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	66	$	66


Consumer loans:
Other risk ratings
Pass	$	34,441	$	9,061	$	8,908	$	7,419	$	6,825	$	4,619	$	659	$	—	$	71,932
Special Mention	21		54		203		63		54		37		18		—		450
Substandard	87		183		164		30		116		52		3		—		635
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	34,549	$	9,298	$	9,275	$	7,512	$	6,995	$	4,708	$	680	$	—	$	73,017
Period end gross write-offs	$	376	$	82	$	—	$	36	$	39	$	9	$	16	$	—	$	558


Commercial and industrial loans:
Commercial and industrial risk ratings
Pass	$	70,930	$	83,184	$	51,455	$	9,504	$	10,193	$	7,636	$	340,858	$	318	$	574,078
Special Mention	33		663		237		83		—		178		1,126		—		2,320
Substandard	—		2,014		782		103		4		762		6,318		74		10,057
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	70,963	$	85,861	$	52,474	$	9,690	$	10,197	$	8,576	$	348,302	$	392	$	586,455
Period end gross write-offs	$	153	$	287	$	240	$	2,285	$	—	$	—	$	896	$	18	$	3,879


Construction loans:
Construction risk ratings
Pass	$	56,378	$	136,294	$	85,144	$	47,632	$	4,583	$	6,518	$	—	$	—	$	336,549
Special Mention	—		10,582		—		—		—		—		—		—		10,582
Substandard	—		—		—		—		67		—		—		—		67
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	56,378	$	146,876	$	85,144	$	47,632	$	4,650	$	6,518	$	—	$	—	$	347,198
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Agriculture production loans:
Agriculture production risk ratings
Pass	$	945	$	2,749	$	1,595	$	396	$	620	$	8,491	$	114,935	$	—	$	129,731
Special Mention	—		183		543		176		—		—		11,302		—		12,204
Substandard	—		—		—		—		—		—		2,562		—		2,562
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	945	$	2,932	$	2,138	$	572	$	620	$	8,491	$	128,799	$	—	$	144,497
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2023												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2023		2022		2021		2020		2019		Prior
Leases:
Lease risk ratings
Pass	$	8,250	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	8,250
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	8,250	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	8,250
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Total loans outstanding:
Risk ratings
Pass	$	608,770	$	1,255,416	$	1,205,360	$	551,257	$	438,305	$	1,483,309	$	1,049,903	$	10,841	$	6,603,161
Special Mention	125		20,754		20,212		8,408		18,111		20,070		15,967		165		103,812
Substandard	188		6,122		19,897		2,000		2,968		34,992		20,166		1,164		87,497
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	609,083	$	1,282,292	$	1,245,469	$	561,665	$	459,384	$	1,538,371	$	1,086,036	$	12,170	$	6,794,470
Period end gross write-offs	$	529	$	369	$	240	$	3,701	$	39	$	2,237	$	941	$	84	$	8,140


	Analysis of Past Due Loans - As of September 30, 2024
(in thousands)	30-59 days		60-89 days		> 90 days		Total Past Due Loans		Current		Total
Commercial real estate:
CRE non-owner occupied	$	1,035	$	—	$	3,042	$	4,077	$	2,247,628	$	2,251,705
CRE owner occupied	—		251		3,011		3,262		944,016		947,278
Multifamily	—		—		502		502		1,019,964		1,020,466
Farmland	1,201		205		8,291		9,697		258,378		268,075
Total commercial real estate loans	2,236		456		14,846		17,538		4,469,986		4,487,524
Consumer:
SFR 1-4 1st DT liens	214		—		3,938		4,152		861,604		865,756
SFR HELOCs and junior liens	2,678		810		859		4,347		350,994		355,341
Other	128		80		89		297		62,569		62,866
Total consumer loans	3,020		890		4,886		8,796		1,275,167		1,283,963
Commercial and industrial	1,158		8,501		1,850		11,509		473,254		484,763
Construction	—		—		—		—		276,095		276,095
Agriculture production	15		—		28		43		144,080		144,123
Leases	—		—		—		—		7,423		7,423
Total	$	6,429	$	9,847	$	21,610	$	37,886	$	6,646,005	$	6,683,891


	Analysis of Past Due Loans - As of December 31, 2023
(in thousands)	30-59 days		60-89 days		> 90 days		Total Past Due Loans		Current		Total
Commercial real estate:
CRE non-owner occupied	$	3,876	$	—	$	1,382	$	5,258	$	2,212,548	$	2,217,806
CRE owner occupied	34		—		247		281		956,159		956,440
Multifamily	—		—		—		—		949,502		949,502
Farmland	635		3,798		2,052		6,485		264,569		271,054
Total commercial real estate loans	4,545		3,798		3,681		12,024		4,382,778		4,394,802
Consumer:
SFR 1-4 1st DT liens	141		1,449		490		2,080		881,358		883,438
SFR HELOCs and junior liens	16		—		623		639		356,174		356,813
Other	148		40		30		218		72,799		73,017
Total consumer loans	305		1,489		1,143		2,937		1,310,331		1,313,268
Commercial and industrial	244		605		1,654		2,503		583,952		586,455
Construction	—		—		—		—		347,198		347,198
Agriculture production	593		878		33		1,504		142,993		144,497
Leases	447		—		—		447		7,803		8,250
Total	$	6,134	$	6,770	$	6,511	$	19,415	$	6,775,055	$	6,794,470


	Non Accrual Loans
	As of September 30, 2024						As of December 31, 2023
(in thousands)	Non accrual with no allowance for credit losses		Total non accrual		Past due 90 days or more and still accruing		Non accrual with no allowance for credit losses		Total non accrual		Past due 90 days or more and still accruing
Commercial real estate:
CRE non-owner occupied	$	3,624	$	3,624	$	—	$	2,024	$	2,024	$	—
CRE owner occupied	3,278		3,278		—		3,994		3,994		—
Multifamily	502		502		—		—		—		—
Farmland	12,967		12,967		—		5,996		14,484		—
Total commercial real estate loans	20,371		20,371		—		12,014		20,502		—
Consumer:
SFR 1-4 1st DT liens	5,991		5,997		—		2,808		2,811		—
SFR HELOCs and junior liens	3,995		4,238		—		3,281		3,571		—
Other	108		117		—		39		105		—
Total consumer loans	10,094		10,352		—		6,128		6,487		—
Commercial and industrial	1,529		10,556		86		1,379		2,503		10
Construction	59		59		—		67		67		—
Agriculture production	170		213		—		—		2,322		—
Leases	—		—		—		—		—		—
Sub-total	32,223		41,551		86		19,588		31,881		10
Less: Guaranteed loans	(852)		—		—		(766)		(878)		—
Total, net	$	31,371	$	41,551	$	86	$	18,822	$	31,003	$	10

Interest income on non accrual loans that would have been recognized during the three months ended September 30, 2024 and 2023, if all such loans had been current in accordance with their original terms, totaled $1.6 million and $0.4 million, respectively. Interest income actually recognized on these originated loans during the three months ended September 30, 2024 and 2023 was $0.5 million and $0.1 million, respectively.

Interest income on non accrual loans that would have been recognized during the nine months ended September 30, 2024 and 2023, if all such loans had been current in accordance with their original terms, totaled $3.0 million and $1.7 million, respectively. Interest income actually recognized on these originated loans during the nine months ended September 30, 2024 and 2023 was $0.6 million and $0.8 million, respectively.


	As of September 30, 2024
(in thousands)	Retail		Office		Warehouse		Other		Multifamily		Farmland		SFR-1st Deed		SFR-2nd Deed		Automobile/Truck		A/R and Inventory		Equipment		Total
Commercial real estate:
CRE non-owner occupied	$	3,042	$	364	$	—	$	218	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,624
CRE owner occupied	140		23		147		2,968		—		—		—		—		—		—		—		3,278
Multifamily	—		—		—		—		502		—		—		—		—		—		—		502
Farmland	—		—		—		—		—		12,967		—		—		—		—		—		12,967
Total commercial real estate loans	3,182		387		147		3,186		502		12,967		—		—		—		—		—		20,371
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—		—		5,991		—		—		—		—		5,991
SFR HELOCs and junior liens	—		—		—		—		—		—		1,512		2,483		—		—		—		3,995
Other	—		—		—		—		—		—		—		—		108		—		—		108
Total consumer loans	—		—		—		—		—		—		7,503		2,483		108		—		—		10,094
Commercial and industrial	—		—		—		8,334		—		—		—		—		—		1,244		978		10,556
Construction	—		—		—		—		—		—		59		—		—		—		—		59
Agriculture production	—		—		—		28		—		—		—		—		—		—		185		213
Leases	—		—		—		—		—		—		—		—		—		—		—		—
Total	$	3,182	$	387	$	147	$	11,548	$	502	$	12,967	$	7,562	$	2,483	$	108	$	1,244	$	1,163	$	41,293


	As of December 31, 2023
(in thousands)	Retail		Office		Warehouse		Other		Multifamily		Farmland		SFR -1st Deed		SFR -2nd Deed		Automobile/Truck		A/R and Inventory		Equipment		Total
Commercial real estate:
CRE non-owner occupied	$	124	$	615	$	519	$	766	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	2,024
CRE owner occupied	614		—		297		3,083		—		—		—		—		—		—		—		3,994
Multifamily	—		—		—		—		—		—		—		—		—		—		—		—
Farmland	—		—		—		635		—		13,849		—		—		—		—		—		14,484
Total commercial real estate loans	738		615		816		4,484		—		13,849		—		—		—		—		—		20,502
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—		—		2,808		—		—		—		—		2,808
SFR HELOCs and junior liens	—		—		—		—		—		—		1,816		1,467		—		—		—		3,283
Other	—		—		—		—		—		—		—		—		95		—		—		95
Total consumer loans	—		—		—		—		—		—		4,624		1,467		95		—		—		6,186
Commercial and industrial	—		—		—		—		—		—		—		—		—		1,712		791		2,503
Construction	—		—		—		—		—		—		67		—		—		—		—		67
Agriculture production	—		—		—		2,288		—		—		—		—		—		—		33		2,321
Leases	—		—		—		—		—		—		—		—		—		—		—		—
Total	$	738	$	615	$	816	$	6,772	$	—	$	13,849	$	4,691	$	1,467	$	95	$	1,712	$	824	$	31,579

Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearances, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral.

The following tables show the amortized cost basis of loans that were both experiencing financial difficulty and modified during the periods presented. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivables is also presented below.


	For the three months ended
	September 30, 2024						September 30, 2023
(in thousands)	Combination - Term Extension/Rate Change		Payment Delay/Term Extension		Total % of Loans Outstanding		Payment Delay/Term Extension		Payment Delay/Term Reduction		Total % of Loans Outstanding




Farmland	—		—		—		—		$	1,043	0.37	%






Commercial and industrial	—		326		0.07		45		—		0.01



Total	$	—	$	326	—	%	$	45	$	1,043	0.02	%


	For the nine months ended
	September 30, 2024						September 30, 2023
(in thousands)	Combination - Term Extension/Rate Change		Payment Delay/Term Extension		Total % of Loans Outstanding		Payment Delay/Term Extension		Payment Delay/Term Reduction		Total % of Loans Outstanding

CRE non-owner occupied	$	211	$	—	0.01	%	$	—	$	—	—	%

Multifamily	—		295		0.29		—		—		—
Farmland	—		—		—		—		1,043		0.37



SFR HELOCs and junior liens	—		41		0.01		—		—		—


Commercial and industrial	—		1,008		0.21		206		—		0.03



Total	$	211	$	1,344	0.02	%	$	206	$	1,043	0.02	%

Three months ended September 30, 2024

Modification Type

Loan Type

Financial Effect

Payment delay / term extension

Multifamily

Added 12 months to the life of the loan

Payment delay / term extension

Commercial and industrial

Added a weighted average 60 months to the life of the loans

Nine months ended September 30, 2024

Modification Type

Loan Type

Financial Effect

Combination - Term extension / rate change

CRE non-owner occupied

Added 120 months to the life of the loan; converted from variable to fixed interest rate

Payment delay / term extension

SFR HELOCs and junior liens

Added 60 months to the life of the loan

Payment delay / term extension

Commercial and industrial

Added a weighted average 53 months to the life of the loans

Modification Type

Loan Type

Financial Effect

Payment delay / term reduction

Farmland

Reduced term by 12 months; changed from amortizing to interest only

Payment delay / term extension

Commercial and industrial

Added 12 months to the life of the loan to delay balloon repayment

Payment delay / term extension

Commercial and industrial

Added 12 months to the life of the loan; changed from amortizing to interest only

During the nine months ended September 30, 2024 and September 30, 2023, respectively, there were no loans with payment defaults by borrowers experiencing financial difficulty which had material modifications in rate, term or principal forgiveness during the twelve months prior to default.