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Commitments and Contingencies | 9 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies The following table presents a summary of the Bank’s commitments and contingent liabilities:
(in thousands) | September 30, 2025 |  | December 31, 2024
Financial instruments whose amounts represent risk: |  |  |
Commitments to extend credit: |  |  |
Commercial loans | $ | 856,172 |  |  | $ | 788,491 |
Consumer loans | 605,934 |  |  | 627,681 |
Real estate mortgage loans | 436,098 |  |  | 419,172 |
Real estate construction loans | 218,500 |  |  | 272,308 |
Standby letters of credit | 39,552 |  |  | 39,804 |
Deposit account overdraft privilege | 125,823 |  |  | 121,006 |
In April 2024, Visa Inc. announced the commencement of an exchange offer for Visa Class B-1 common stock and the Company subsequently tendered all of its Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock. Completion of the exchange resulted in a gain of $2.9 million relating to the Visa Class C common stock during 2024. Visa Class B-2 common stock continues to be carried at zero. The Bank owns 6,698 shares of Class B-2 common stock of Visa Inc. which may be convertible into Class A common stock at a conversion ratio of 1.5223 per Class B-2 share. As of September 30, 2025, the value of the Class A shares was $341.38 per share. Utilizing the conversion ratio, the value of unredeemed Class A equivalent shares owned by the Bank was $3.5 million as of September 30, 2025, and has not been reflected in the accompanying consolidated financial statements.

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