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 June 30, 2025
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	39,670	$	—	$	—	$	1,251	$	40,921
CRE owner occupied	12,169		—		1		(592)		11,578
Multifamily	15,604		—		—		(507)		15,097
Farmland	4,737		—		—		2,151		6,888
Total commercial real estate loans	72,180		—		1		2,303		74,484
Consumer:
SFR 1-4 1st DT liens	10,995		—		—		140		11,135
SFR HELOCs and junior liens	11,650		—		4		367		12,021
Other	2,895		(200)		36		(569)		2,162
Total consumer loans	25,540		(200)		40		(62)		25,318
Commercial and industrial	17,561		(8,384)		60		787		10,024
Construction	10,346		—		—		649		10,995
Agriculture production	2,768		(11)		1		851		3,609
Leases	28		—		—		(3)		25
Allowance for credit losses on loans	128,423		(8,595)		102		4,525		124,455
Reserve for unfunded commitments	7,065		—		—		140		7,205
Total	$	135,488	$	(8,595)	$	102	$	4,665	$	131,660


	Allowance for credit losses – Six months ended June 30, 2025
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	37,229	$	—	$	—	$	3,692	$	40,921
CRE owner occupied	15,747		—		1		(4,170)		11,578
Multifamily	15,913		—		—		(816)		15,097
Farmland	3,960		—		—		2,928		6,888
Total commercial real estate loans	72,849		—		1		1,634		74,484
Consumer:
SFR 1-4 1st DT liens	14,227		—		—		(3,092)		11,135
SFR HELOCs and junior liens	10,411		—		16		1,594		12,021
Other	2,825		(317)		73		(419)		2,162
Total consumer loans	27,463		(317)		89		(1,917)		25,318
Commercial and industrial	14,397		(8,641)		166		4,102		10,024
Construction	7,224		—		—		3,771		10,995
Agriculture production	3,403		(11)		614		(397)		3,609
Leases	30		—		—		(5)		25
Allowance for credit losses on loans	125,366		(8,969)		870		7,188		124,455
Reserve for unfunded commitments	6,000		—		—		1,205		7,205
Total	$	131,366	$	(8,969)	$	870	$	8,393	$	131,660

The Company consistently seeks to refine its estimation methodology for determining the allowance for credit losses, the effects of which were insignificant during the current period, and are expected to be insignificant in future periods. Management continues to estimate the appropriate level of reserves using all relevant information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Management believes the primary risks inherent in the portfolio are a general decline in the economy or GDP, a decline in real estate market values, rising unemployment, increasing vacancy rates, and increases inflation or interest rates in the absence of economic improvement or any other such factors. Any one or a combination of these events may adversely affect a borrower's ability to repay its loan, resulting in increased delinquencies and loan losses. Although Management believes the Company has established and maintained the ACL on loans at appropriate levels, changes in reserves may be necessary if actual economic and other conditions differ substantially from the forecast used in estimating the ACL.


	Allowance for credit losses – Year ended December 31, 2024
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	35,077	$	—	$	187	$	1,965	$	37,229
CRE owner occupied	15,081		—		2		664		15,747
Multifamily	14,418		—		—		1,495		15,913
Farmland	4,288		—		—		(328)		3,960
Total commercial real estate loans	68,864		—		189		3,796		72,849
Consumer:
SFR 1-4 1st DT liens	14,009		(27)		—		245		14,227
SFR HELOCs and junior liens	10,273		(41)		395		(216)		10,411
Other	3,171		(746)		217		183		2,825
Total consumer loans	27,453		(814)		612		212		27,463
Commercial and industrial	12,750		(1,787)		547		2,887		14,397
Construction	8,856		—		—		(1,632)		7,224
Agriculture production	3,589		(1,450)		65		1,199		3,403
Leases	10		—		—		20		30
Allowance for credit losses on loans	121,522		(4,051)		1,413		6,482		125,366
Reserve for unfunded commitments	5,850		—		—		150		6,000
Total	$	127,372	$	(4,051)	$	1,413	$	6,632	$	131,366


	Allowance for credit losses – Three months ended June 30, 2024
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	36,687	$	—	$	—	$	468	$	37,155
CRE owner occupied	16,111		—		1		(239)		15,873
Multifamily	15,682		—		—		291		15,973
Farmland	3,695		—		—		336		4,031
Total commercial real estate loans	72,175		—		1		856		73,032
Consumer:
SFR 1-4 1st DT liens	14,140		—		—		464		14,604
SFR HELOCs and junior liens	9,942		(9)		51		103		10,087
Other	3,359		(118)		81		(339)		2,983
Total consumer loans	27,441		(127)		132		228		27,674
Commercial and industrial	11,867		(870)		261		870		12,128
Construction	9,162		—		—		(1,696)		7,466
Agriculture production	3,708		(613)		4		81		3,180
Leases	41		—		—		(4)		37
Allowance for credit losses on loans	124,394		(1,610)		398		335		123,517
Reserve for unfunded commitments	6,140		—		—		70		6,210
Total	$	130,534	$	(1,610)	$	398	$	405	$	129,727


	Allowance for credit losses – Six months ended June 30, 2024
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	35,077	$	—	$	—	$	2,078	$	37,155
CRE owner occupied	15,081		—		1		791		15,873
Multifamily	14,418		—		—		1,555		15,973
Farmland	4,288		—		—		(257)		4,031
Total commercial real estate loans	68,864		—		1		4,167		73,032
Consumer:
SFR 1-4 1st DT liens	14,009		(26)		—		621		14,604
SFR HELOCs and junior liens	10,273		(41)		100		(245)		10,087
Other	3,171		(368)		121		59		2,983
Total consumer loans	27,453		(435)		221		435		27,674
Commercial and industrial	12,750		(1,000)		283		95		12,128
Construction	8,856		—		—		(1,390)		7,466
Agriculture production	3,589		(1,450)		25		1,016		3,180
Leases	10		—		—		27		37
Allowance for credit losses on loans	121,522		(2,885)		530		4,350		123,517
Reserve for unfunded commitments	5,850		—		—		360		6,210
Total	$	127,372	$	(2,885)	$	530	$	4,710	$	129,727

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 June 30, 2025												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2025		2024		2023		2022		2021		Prior
Commercial real estate:
CRE non-owner occupied risk ratings
Pass	$	134,117	$	188,430	$	179,403	$	416,411	$	273,727	$	1,029,079	$	170,755	$	—	$	2,391,922
Special Mention	—		—		10,581		11,697		3,697		3,303		769		—		30,047
Substandard	—		—		—		—		459		16,521		—		—		16,980
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	134,117	$	188,430	$	189,984	$	428,108	$	277,883	$	1,048,903	$	171,524	$	—	$	2,438,949
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Commercial real estate:
CRE owner occupied risk ratings
Pass	$	81,231	$	81,017	$	74,029	$	184,347	$	169,546	$	331,432	$	48,361	$	—	$	969,963
Special Mention	—		137		364		1,917		242		4,349		—		—		7,009
Substandard	—		1,423		237		5,968		5,482		7,025		98		—		20,233
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	81,231	$	82,577	$	74,630	$	192,232	$	175,270	$	342,806	$	48,459	$	—	$	997,205
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2025												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2025		2024		2023		2022		2021		Prior
Commercial real estate:
Multifamily risk ratings
Pass	$	27,059	$	69,743	$	27,703	$	172,501	$	290,906	$	396,828	$	40,268	$	—	$	1,025,008
Special Mention	—		—		—		—		—		205		3,393		—		3,598
Substandard	—		—		—		460		—		986		—		—		1,446
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	27,059	$	69,743	$	27,703	$	172,961	$	290,906	$	398,019	$	43,661	$	—	$	1,030,052
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
Farmland risk ratings
Pass	$	6,179	$	23,378	$	18,416	$	34,878	$	20,129	$	47,705	$	32,942	$	—	$	183,627
Special Mention	390		—		—		2,051		3,237		3,863		2,743		—		12,284
Substandard	—		—		3,616		9,682		24,117		14,110		17,090		—		68,615
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	6,569	$	23,378	$	22,032	$	46,611	$	47,483	$	65,678	$	52,775	$	—	$	264,526
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	38,151	$	55,570	$	98,686	$	165,908	$	232,105	$	241,674	$	—	$	4,937	$	837,031
Special Mention	—		—		—		291		1,555		1,036		—		316		3,198
Substandard	—		—		232		131		4,158		4,753		—		705		9,979
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	38,151	$	55,570	$	98,918	$	166,330	$	237,818	$	247,463	$	—	$	5,958	$	850,208
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR HELOCs and junior liens risk ratings
Pass	$	909	$	—	$	—	$	—	$	—	$	60	$	370,873	$	5,663	$	377,505
Special Mention	—		—		—		—		—		1		6,877		449		7,327
Substandard	—		—		—		—		—		—		5,115		397		5,512
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	909	$	—	$	—	$	—	$	—	$	61	$	382,865	$	6,509	$	390,344
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Consumer loans:
Other risk ratings
Pass	$	2,791	$	6,242	$	16,998	$	4,864	$	4,847	$	9,946	$	583	$	—	$	46,271
Special Mention	—		—		350		31		275		153		30		—		839
Substandard	6		66		247		292		145		271		2		—		1,029
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	2,797	$	6,308	$	17,595	$	5,187	$	5,267	$	10,370	$	615	$	—	$	48,139
Year-to-date gross charge-offs	$	234	$	59	$	15	$	—	$	—	$	4	$	5	$	—	$	317


	Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2025												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2025		2024		2023		2022		2021		Prior
Commercial and industrial loans:
Commercial and industrial risk ratings
Pass	$	30,259	$	48,377	$	45,473	$	64,950	$	44,046	$	8,818	$	213,219	$	99	$	455,241
Special Mention	81		308		879		1,539		525		9		2,776		—		6,117
Substandard	—		206		66		392		770		281		4,292		47		6,054
Doubtful/Loss	—		—		—		56		96		—		—		—		152
Total	$	30,340	$	48,891	$	46,418	$	66,937	$	45,437	$	9,108	$	220,287	$	146	$	467,564
Year-to-date gross charge-offs	$	198	$	95	$	—	$	—	$	—	$	—	$	8,348	$	—	$	8,641


Construction loans:
Construction risk ratings
Pass	$	9,339	$	63,699	$	131,262	$	71,438	$	13,897	$	13,371	$	—	$	—	$	303,006
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		885		529		500		—		—		1,914
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	9,339	$	63,699	$	131,262	$	72,323	$	14,426	$	13,871	$	—	$	—	$	304,920
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Agriculture production loans:
Agriculture production risk ratings
Pass	$	606	$	907	$	1,248	$	1,797	$	581	$	6,696	$	143,967	$	—	$	155,802
Special Mention	—		—		—		—		—		191		2,605		—		2,796
Substandard	—		—		—		93		292		33		2,441		—		2,859
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	606	$	907	$	1,248	$	1,890	$	873	$	6,920	$	149,013	$	—	$	161,457
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	11	$	—	$	—	$	11


Leases:
Lease risk ratings
Pass	$	5,629	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	5,629
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	5,629	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	5,629
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Total loans outstanding:
Risk ratings
Pass	$	336,270	$	537,363	$	593,218	$	1,117,094	$	1,049,784	$	2,085,609	$	1,020,968	$	10,699	$	6,751,005
Special Mention	471		445		12,174		17,526		9,531		13,110		19,193		765		73,215
Substandard	6		1,695		4,398		17,903		35,952		44,480		29,038		1,149		134,621
Doubtful/Loss	—		—		—		56		96		—		—		—		152
Total	$	336,747	$	539,503	$	609,790	$	1,152,579	$	1,095,363	$	2,143,199	$	1,069,199	$	12,613	$	6,958,993
Year-to-date gross charge-offs	$	432	$	154	$	15	$	—	$	—	$	15	$	8,353	$	—	$	8,969


	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2024												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2024		2023		2022		2021		2019		Prior
Commercial real estate:
CRE non-owner occupied risk ratings
Pass	$	184,623	$	177,650	$	408,129	$	282,953	$	152,278	$	909,735	$	163,628	$	—	$	2,278,996
Special Mention	—		836		1,688		—		—		24,840		506		—		27,870
Substandard	—		—		—		—		—		16,170		—		—		16,170
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	184,623	$	178,486	$	409,817	$	282,953	$	152,278	$	950,745	$	164,134	$	—	$	2,323,036
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
CRE owner occupied risk ratings
Pass	$	83,320	$	75,804	$	191,619	$	177,134	$	104,490	$	254,282	$	35,961	$	—	$	922,610
Special Mention	1,618		—		2,699		1,731		206		11,950		—		—		18,204
Substandard	—		242		7,798		5,380		3,490		3,644		47		—		20,601
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	84,938	$	76,046	$	202,116	$	184,245	$	108,186	$	269,876	$	36,008	$	—	$	961,415
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
Multifamily risk ratings
Pass	$	65,376	$	27,904	$	171,470	$	294,317	$	117,889	$	289,229	$	44,816	$	—	$	1,011,001
Special Mention	—		—		—		11,926		—		207		3,393		—		15,526
Substandard	—		—		480		—		554		474		—		—		1,508
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	65,376	$	27,904	$	171,950	$	306,243	$	118,443	$	289,910	$	48,209	$	—	$	1,028,035
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
Farmland risk ratings
Pass	$	23,780	$	18,205	$	45,582	$	20,832	$	15,066	$	36,909	$	44,083	$	—	$	204,457
Special Mention	—		—		2,057		7,944		47		3,764		1,356		—		15,168
Substandard	—		2,770		—		20,414		—		10,416		11,921		—		45,521
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	23,780	$	20,975	$	47,639	$	49,190	$	15,113	$	51,089	$	57,360	$	—	$	265,146
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	60,203	$	113,467	$	173,217	$	241,388	$	115,915	$	137,361	$	—	$	3,952	$	845,503
Special Mention	—		—		60		—		—		892		—		239		1,191
Substandard	—		244		137		3,467		2,092		6,393		—		633		12,966
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	60,203	$	113,711	$	173,414	$	244,855	$	118,007	$	144,646	$	—	$	4,824	$	859,660
Period end gross write-offs	$	—	$	27	$	—	$	—	$	—	$	—	$	—	$	—	$	27


	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2024												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2024		2023		2022		2021		2019		Prior
Consumer loans:
SFR HELOCs and junior liens risk ratings
Pass	$	236	$	—	$	—	$	—	$	—	$	68	$	345,902	$	5,799	$	352,005
Special Mention	—		—		—		—		—		4		6,082		327		6,413
Substandard	—		—		—		—		—		—		4,579		423		5,002
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	236	$	—	$	—	$	—	$	—	$	72	$	356,563	$	6,549	$	363,420
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	41	$	—	$	41


Consumer loans:
Other risk ratings
Pass	$	10,371	$	21,746	$	5,891	$	6,059	$	4,917	$	6,991	$	610	$	—	$	56,585
Special Mention	—		63		34		227		107		41		21		—		493
Substandard	37		152		304		111		2		294		1		—		901
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	10,408	$	21,961	$	6,229	$	6,397	$	5,026	$	7,326	$	632	$	—	$	57,979
Period end gross write-offs	$	385	$	88	$	40	$	74	$	37	$	108	$	14	$	—	$	746


Commercial and industrial loans:
Commercial and industrial risk ratings
Pass	$	73,321	$	49,921	$	61,634	$	48,255	$	3,721	$	8,463	$	203,978	$	150	$	449,443
Special Mention	137		775		1,970		63		275		851		3,197		—		7,268
Substandard	272		35		682		728		—		596		12,200		47		14,560
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	73,730	$	50,731	$	64,286	$	49,046	$	3,996	$	9,910	$	219,375	$	197	$	471,271
Period end gross write-offs	$	389	$	—	$	178	$	95	$	24	$	—	$	1,101	$	—	$	1,787


Construction loans:
Construction risk ratings
Pass	$	36,031	$	124,759	$	80,269	$	11,354	$	6,714	$	7,359	$	—	$	—	$	266,486
Special Mention	—		—		13,390		—		—		—		—		—		13,390
Substandard	—		—		—		—		—		57		—		—		57
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	36,031	$	124,759	$	93,659	$	11,354	$	6,714	$	7,416	$	—	$	—	$	279,933
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Agriculture production loans:
Agriculture production risk ratings
Pass	$	265	$	1,434	$	2,297	$	905	$	175	$	7,477	$	133,115	$	—	$	145,668
Special Mention	—		—		—		—		2		218		5,192		—		5,412
Substandard	—		—		138		485		107		12		—		—		742
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	265	$	1,434	$	2,435	$	1,390	$	284	$	7,707	$	138,307	$	—	$	151,822
Period end gross write-offs	$	—	$	—	$	173	$	—	$	—	$	—	$	1,277	$	—	$	1,450


	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2024												Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
(in thousands)	2024		2023		2022		2021		2019		Prior
Leases:
Lease risk ratings
Pass	$	6,806	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	6,806
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	6,806	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	6,806
Period end gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Total loans outstanding:
Risk ratings
Pass	$	544,332	$	610,890	$	1,140,108	$	1,083,197	$	521,165	$	1,657,874	$	972,093	$	9,901	$	6,539,560
Special Mention	1,755		1,674		21,898		21,891		637		42,767		19,747		566		110,935
Substandard	309		3,443		9,539		30,585		6,245		38,056		28,748		1,103		118,028
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	546,396	$	616,007	$	1,171,545	$	1,135,673	$	528,047	$	1,738,697	$	1,020,588	$	11,570	$	6,768,523
Period end gross write-offs	$	774	$	115	$	391	$	169	$	61	$	108	$	2,433	$	—	$	4,051


	Analysis of Past Due Loans - As of June 30, 2025
(in thousands)	30-59 days		60-89 days		> 90 days		Total Past Due Loans		Current		Total
Commercial real estate:
CRE non-owner occupied	$	4,871	$	33	$	3,009	$	7,913	$	2,431,036	$	2,438,949
CRE owner occupied	1,513		—		5,155		6,668		990,537		997,205
Multifamily	460		—		—		460		1,029,592		1,030,052
Farmland	—		—		14,339		14,339		250,187		264,526
Total commercial real estate loans	6,844		33		22,503		29,380		4,701,352		4,730,732
Consumer:
SFR 1-4 1st DT liens	118		132		1,079		1,329		848,879		850,208
SFR HELOCs and junior liens	2,926		818		1,749		5,493		384,851		390,344
Other	119		64		170		353		47,786		48,139
Total consumer loans	3,163		1,014		2,998		7,175		1,281,516		1,288,691
Commercial and industrial	491		230		1,183		1,904		465,660		467,564
Construction	—		529		1,334		1,863		303,057		304,920
Agriculture production	—		—		2,643		2,643		158,814		161,457
Leases	—		—		—		—		5,629		5,629
Total	$	10,498	$	1,806	$	30,661	$	42,965	$	6,916,028	$	6,958,993


	Analysis of Past Due Loans - As of December 31, 2024
(in thousands)	30-59 days		60-89 days		> 90 days		Total Past Due Loans		Current		Total
Commercial real estate:
CRE non-owner occupied	$	221	$	—	$	2,452	$	2,673	$	2,320,363	$	2,323,036
CRE owner occupied	1,625		85		3,619		5,329		956,086		961,415
Multifamily	1,120		—		—		1,120		1,026,915		1,028,035
Farmland	2,686		113		6,145		8,944		256,202		265,146
Total commercial real estate loans	5,652		198		12,216		18,066		4,559,566		4,577,632
Consumer:
SFR 1-4 1st DT liens	—		6		1,556		1,562		858,098		859,660
SFR HELOCs and junior liens	201		852		1,078		2,131		361,289		363,420
Other	50		—		132		182		57,797		57,979
Total consumer loans	251		858		2,766		3,875		1,277,184		1,281,059
Commercial and industrial	537		308		9,257		10,102		461,169		471,271
Construction	—		—		—		—		279,933		279,933
Agriculture production	37		317		314		668		151,154		151,822
Leases	—		—		—		—		6,806		6,806
Total	$	6,477	$	1,681	$	24,553	$	32,711	$	6,735,812	$	6,768,523


	Non Accrual Loans
	As of June 30, 2025						As of December 31, 2024
(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	$	3,548	$	3,548	$	—	$	3,017	$	3,017	$	—
CRE owner occupied	6,676		6,676		—		3,632		3,874		—
Multifamily	460		460		—		480		480		—
Farmland	27,017		35,811		—		12,483		16,195		—
Total commercial real estate loans	37,701		46,495		—		19,612		23,566		—
Consumer:
SFR 1-4 1st DT liens	5,567		6,376		—		5,979		5,979		—
SFR HELOCs and junior liens	4,268		4,786		—		3,370		3,868		—
Other	111		318		—		41		204		—
Total consumer loans	9,946		11,480		—		9,390		10,051		—
Commercial and industrial	899		1,700		198		830		9,707		59
Construction	1,914		1,914		—		57		57		—
Agriculture production	1,988		2,996		—		—		656		—
Leases	—		—		—		—		—		—
Sub-total	52,448		64,585		198		29,889		44,037		59
Less: Guaranteed loans	(1,051)		(1,082)		—		(828)		(816)		—
Total, net	$	51,397	$	63,503	$	198	$	29,061	$	43,221	$	59

Interest income on non accrual loans that would have been recognized during the three months ended June 30, 2025 and 2024, if all such loans had been current in accordance with their original terms, totaled $2.1 million and $0.6 million, respectively. Interest income actually recognized on these originated loans during the three months ended June 30, 2025 and 2024 was $0.3 million and zero , respectively.


	As of June 30, 2025
(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	$	3,009	$	345	$	—	$	194	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,548
CRE owner occupied	6,341		243		—		91		—		—		—		—		—		—		—		6,675
Multifamily	—		—		—		—		460		—		—		—		—		—		—		460
Farmland	—		—		—		—		—		35,811		—		—		—		—		—		35,811
Total commercial real estate loans	9,350		588		—		285		460		35,811		—		—		—		—		—		46,494
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—		—		6,376		—		—		—		—		6,376
SFR HELOCs and junior liens	—		—		—		—		—		—		1,643		2,923		—		—		—		4,566
Other	—		—		—		—		—		—		—		—		311		—		—		311
Total consumer loans	—		—		—		—		—		—		8,019		2,923		311		—		—		11,253
Commercial and industrial	—		—		—		—		—		—		—		—		—		727		973		1,700
Construction	—		—		—		1,414		—		—		500		—		—		—		—		1,914
Agriculture production	—		—		—		202		—		2,441		—		—		—		—		353		2,996
Leases	—		—		—		—		—		—		—		—		—		—		—		—
Total	$	9,350	$	588	$	—	$	1,901	$	460	$	38,252	$	8,519	$	2,923	$	311	$	727	$	1,326	$	64,357


	As of December 31, 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	$	2,452	$	356	$	—	$	210	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,018
CRE owner occupied	—		260		142		3,472		—		—		—		—		—		—		—		3,874
Multifamily	—		—		—		—		480		—		—		—		—		—		—		480
Farmland	—		—		—		—		—		16,448		—		—		—		—		—		16,448
Total commercial real estate loans	2,452		616		142		3,682		480		16,448		—		—		—		—		—		23,820
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—		—		5,979		—		—		—		—		5,979
SFR HELOCs and junior liens	—		—		—		—		—		—		1,291		2,079		—		—		—		3,370
Other	—		—		—		—		—		—		—		—		132		—		—		132
Total consumer loans	—		—		—		—		—		—		7,270		2,079		132		—		—		9,481
Commercial and industrial	—		—		—		8,334		—		—		—		54		—		530		788		9,706
Construction	—		—		—		—		—		—		57		—		—		—		—		57
Agriculture production	—		—		—		—		—		—		—		—		—		—		12		12
Leases	—		—		—		—		—		—		—		—		—		—		—		—
Total	$	2,452	$	616	$	142	$	12,016	$	480	$	16,448	$	7,327	$	2,133	$	132	$	530	$	800	$	43,076

Modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearance, 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
	June 30, 2025						June 30, 2024
(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



Multifamily	$	—	$	—	—	%	$	295	$	—	n/m







Commercial and industrial	—		—		—		166		—		n/m



Total	$	—	$	—	—	%	$	461	$	—	0.01	%


	For the six months ended
	June 30, 2025						June 30, 2024
(in thousands)	Combination - Term Extension/Rate Change		Payment Delay/Term Extension		Total % of Loans Outstanding		Payment Delay/Term Extension		Combination - Term Extension/Rate Change		Total % of Loans Outstanding
Commercial real estate:
CRE non-owner occupied	$	—	$	—	—	%	$	—	$	211	n/m

Multifamily	—		—		—		295		—		n/m




SFR HELOCs and junior liens	—		—		—		41		—		n/m


Commercial and industrial	—		—		—		682		—		0.01	%



Total	$	—	$	—	—	%	$	1,018	$	211	0.02	%

For the three months ended June 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

For the six months ended June 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

During the six months ended June 30, 2025 and June 30, 2024, 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.