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, 2025
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	40,921	$	—	$	—	$	258	$	41,179
CRE owner occupied	11,578		—		—		352		11,930
Multifamily	15,097		—		—		609		15,706
Farmland	6,888		—		—		(686)		6,202
Total commercial real estate loans	74,484		—		—		533		75,017
Consumer:
SFR 1-4 1st DT liens	11,135		—		—		(113)		11,022
SFR HELOCs and junior liens	12,021		—		4		337		12,362
Other	2,162		(142)		30		314		2,364
Total consumer loans	25,318		(142)		34		538		25,748
Commercial and industrial	10,024		(595)		89		(429)		9,089
Construction	10,995		—		—		(203)		10,792
Agriculture production	3,609		—		—		292		3,901
Leases	25		—		—		(1)		24
Allowance for credit losses on loans	124,455		(737)		123		730		124,571
Reserve for unfunded commitments	7,205		—		—		(60)		7,145
Total	$	131,660	$	(737)	$	123	$	670	$	131,716


	Allowance for credit losses – Nine months ended September 30, 2025
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision (benefit)		Ending Balance
Commercial real estate:
CRE non-owner occupied	$	37,229	$	—	$	—	$	3,950	$	41,179
CRE owner occupied	15,747		—		1		(3,818)		11,930
Multifamily	15,913		—		—		(207)		15,706
Farmland	3,960		—		—		2,242		6,202
Total commercial real estate loans	72,849		—		1		2,167		75,017
Consumer:
SFR 1-4 1st DT liens	14,227		—		—		(3,205)		11,022
SFR HELOCs and junior liens	10,411		—		20		1,931		12,362
Other	2,825		(459)		103		(105)		2,364
Total consumer loans	27,463		(459)		123		(1,379)		25,748
Commercial and industrial	14,397		(9,236)		255		3,673		9,089
Construction	7,224		—		—		3,568		10,792
Agriculture production	3,403		(11)		614		(105)		3,901
Leases	30		—		—		(6)		24
Allowance for credit losses on loans	125,366		(9,706)		993		7,918		124,571
Reserve for unfunded commitments	6,000		—		—		1,145		7,145
Total	$	131,366	$	(9,706)	$	993	$	9,063	$	131,716

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 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

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, 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	$	168,168	$	187,415	$	178,194	$	422,035	$	283,409	$	1,032,094	$	139,800	$	—	$	2,411,115
Special Mention	—		—		10,529		1,647		3,670		3,220		779		—		19,845
Substandard	—		—		—		1,732		—		16,984		—		—		18,716
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	168,168	$	187,415	$	188,723	$	425,414	$	287,079	$	1,052,298	$	140,579	$	—	$	2,449,676
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Commercial real estate:
CRE owner occupied risk ratings
Pass	$	131,947	$	80,780	$	79,735	$	180,707	$	173,012	$	316,633	$	35,444	$	—	$	998,258
Special Mention	4,930		136		363		4,524		242		6,790		5,184		—		22,169
Substandard	—		—		—		7,361		3,205		6,307		217		—		17,090
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	136,877	$	80,916	$	80,098	$	192,592	$	176,459	$	329,730	$	40,845	$	—	$	1,037,517
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year – As of September 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	$	52,473	$	68,410	$	27,604	$	189,971	$	291,377	$	364,101	$	37,197	$	—	$	1,031,133
Special Mention	—		—		—		—		446		204		2,686		—		3,336
Substandard	—		—		—		446		—		13,229		—		—		13,675
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	52,473	$	68,410	$	27,604	$	190,417	$	291,823	$	377,534	$	39,883	$	—	$	1,048,144
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Commercial real estate:
Farmland risk ratings
Pass	$	6,147	$	23,236	$	18,409	$	35,158	$	17,900	$	49,634	$	33,599	$	—	$	184,083
Special Mention	627		—		—		2,051		2,640		5,909		2,719		—		13,946
Substandard	—		—		820		9,682		23,880		10,110		15,536		—		60,028
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	6,774	$	23,236	$	19,229	$	46,891	$	44,420	$	65,653	$	51,854	$	—	$	258,057
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	56,090	$	55,497	$	94,852	$	162,323	$	226,607	$	233,572	$	—	$	5,373	$	834,314
Special Mention	—		—		—		285		3,015		1,449		—		312		5,061
Substandard	—		—		228		129		4,110		4,176		—		678		9,321
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	56,090	$	55,497	$	95,080	$	162,737	$	233,732	$	239,197	$	—	$	6,363	$	848,696
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Consumer loans:
SFR HELOCs and junior liens risk ratings
Pass	$	1,519	$	—	$	—	$	—	$	—	$	56	$	380,086	$	5,140	$	386,801
Special Mention	—		—		—		—		—		—		9,089		431		9,520
Substandard	—		—		—		—		—		—		5,459		304		5,763
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	1,519	$	—	$	—	$	—	$	—	$	56	$	394,634	$	5,875	$	402,084
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Consumer loans:
Other risk ratings
Pass	$	2,845	$	5,320	$	15,407	$	4,366	$	4,402	$	8,536	$	571	$	—	$	41,447
Special Mention	5		65		202		2		207		164		35		—		680
Substandard	—		4		258		286		194		259		1		—		1,002
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	2,850	$	5,389	$	15,867	$	4,654	$	4,803	$	8,959	$	607	$	—	$	43,129
Year-to-date gross charge-offs	$	358	$	65	$	15	$	—	$	—	$	4	$	17	$	—	$	459


	Term Loans Amortized Cost Basis by Origination Year – As of September 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	$	93,800	$	46,685	$	34,892	$	59,627	$	19,804	$	6,706	$	177,143	$	86	$	438,743
Special Mention	—		423		2,988		1,646		489		143		5,393		—		11,082
Substandard	—		196		102		335		708		381		1,627		47		3,396
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	93,800	$	47,304	$	37,982	$	61,608	$	21,001	$	7,230	$	184,163	$	133	$	453,221
Year-to-date gross charge-offs	$	411	$	95	$	—	$	—	$	58	$	—	$	8,672	$	—	$	9,236


Construction loans:
Construction risk ratings
Pass	$	27,254	$	76,636	$	122,763	$	48,900	$	7,710	$	13,226	$	—	$	—	$	296,489
Special Mention	373		—		—		—		—		—		—		—		373
Substandard	—		—		—		885		529		498		—		—		1,912
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	27,627	$	76,636	$	122,763	$	49,785	$	8,239	$	13,724	$	—	$	—	$	298,774
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


Agriculture production loans:
Agriculture production risk ratings
Pass	$	1,231	$	756	$	1,118	$	1,620	$	442	$	7,392	$	145,549	$	—	$	158,108
Special Mention	—		—		—		—		—		—		3,340		—		3,340
Substandard	—		—		—		116		269		188		317		—		890
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	1,231	$	756	$	1,118	$	1,736	$	711	$	7,580	$	149,206	$	—	$	162,338
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	11	$	—	$	—	$	11


Leases:
Lease risk ratings
Pass	$	5,188	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	5,188
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	5,188	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	5,188
Year-to-date gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—




Total loans outstanding:
Risk ratings
Pass	$	546,662	$	544,735	$	572,974	$	1,104,707	$	1,024,663	$	2,031,950	$	949,389	$	10,599	$	6,785,679
Special Mention	5,935		624		14,082		10,155		10,709		17,879		29,225		743		89,352
Substandard	—		200		1,408		20,972		32,895		52,132		23,157		1,029		131,793
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total	$	552,597	$	545,559	$	588,464	$	1,135,834	$	1,068,267	$	2,101,961	$	1,001,771	$	12,371	$	7,006,824
Year-to-date gross charge-offs	$	769	$	160	$	15	$	—	$	58	$	15	$	8,689	$	—	$	9,706


	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 September 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	$	—	$	—	$	4,729	$	4,729	$	2,444,947	$	2,449,676
CRE owner occupied	1,522		242		1,887		3,651		1,033,866		1,037,517
Multifamily	3		165		—		168		1,047,976		1,048,144
Farmland	—		5,697		14,820		20,517		237,540		258,057
Total commercial real estate loans	1,525		6,104		21,436		29,065		4,764,329		4,793,394
Consumer:
SFR 1-4 1st DT liens	126		2,472		529		3,127		845,569		848,696
SFR HELOCs and junior liens	4,758		395		2,281		7,434		394,650		402,084
Other	114		173		281		568		42,561		43,129
Total consumer loans	4,998		3,040		3,091		11,129		1,282,780		1,293,909
Commercial and industrial	829		786		1,395		3,010		450,211		453,221
Construction	—		—		1,863		1,863		296,911		298,774
Agriculture production	102		226		317		645		161,693		162,338
Leases	—		—		—		—		5,188		5,188
Total	$	7,454	$	10,156	$	28,102	$	45,712	$	6,961,112	$	7,006,824


	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 September 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	$	4,514	$	4,514	$	732	$	3,017	$	3,017	$	—
CRE owner occupied	6,404		6,404		102		3,632		3,874		—
Multifamily	446		446		—		480		480		—
Farmland	24,054		32,843		3,448		12,483		16,195		—
Total commercial real estate loans	35,418		44,207		4,282		19,612		23,566		—
Consumer:
SFR 1-4 1st DT liens	6,302		6,302		—		5,979		5,979		—
SFR HELOCs and junior liens	5,569		5,784		—		3,370		3,868		—
Other	106		421		—		41		204		—
Total consumer loans	11,977		12,507		—		9,390		10,051		—
Commercial and industrial	734		1,315		525		830		9,707		59
Construction	1,912		2,138		—		57		57		—
Agriculture production	645		673		—		—		656		—
Leases	—		—		—		—		—		—
Sub-total	50,686		60,840		4,807		29,889		44,037		59
Less: Guaranteed loans	(999)		(1,027)		—		(828)		(816)		—
Total, net	$	49,687	$	59,813	$	4,807	$	29,061	$	43,221	$	59

Interest income on non accrual loans that would have been recognized during the three months ended September 30, 2025 and 2024, if all such loans had been current in accordance with their original terms, totaled $0.2 million and $1.6 million, respectively. Interest income actually recognized on these originated loans during the three months ended September 30, 2025 and 2024 was $0.1 million and $0.5 million, respectively.

Interest income on non accrual loans that would have been recognized during the nine months ended September 30, 2025 and 2024, if all such loans had been current in accordance with their original terms, totaled $3.4 million and $3.0 million, respectively. Interest income actually recognized on these originated loans during the nine months ended September 30, 2025 and 2024 was $0.4 million and $0.6 million, respectively.


	As of September 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	$	2,967	$	536	$	—	$	1,011	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	4,514
CRE owner occupied	4,664		—		—		1,740		—		—		—		—		—		—		—		6,404
Multifamily	—		—		—		—		446		—		—		—		—		—		—		446
Farmland	—		—		—		—		—		32,843		—		—		—		—		—		32,843
Total commercial real estate loans	7,631		536		—		2,751		446		32,843		—		—		—		—		—		44,207
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—		—		6,302		—		—		—		—		6,302
SFR HELOCs and junior liens	—		—		—		—		—		—		1,927		3,642		—		—		—		5,569
Other	—		—		—		—		—		—		—		—		421		—		—		421
Total consumer loans	—		—		—		—		—		—		8,229		3,642		421		—		—		12,292
Commercial and industrial	—		—		—		—		—		—		—		—		—		501		814		1,315
Construction	—		—		—		1,414		—		—		724		—		—		—		—		2,138
Agriculture production	—		—		—		152		—		165		—		—		—		28		328		673
Leases	—		—		—		—		—		—		—		—		—		—		—		—
Total	$	7,631	$	536	$	—	$	4,317	$	446	$	33,008	$	8,953	$	3,642	$	421	$	529	$	1,142	$	60,625


	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
	September 30, 2025		September 30, 2024
(in thousands)	Combination - Term Extension/Rate Change		Total % of Loans Outstanding	Payment Delay/Term Extension		Total % of Loans Outstanding







SFR 1-4 1st DT liens	$	199	n/m	$	—	—



Commercial and industrial	—		—	326		n/m



Total	$	199	n/m	$	326	n/m


	For the nine months ended
	September 30, 2025		September 30, 2024
(in thousands)	Combination - Term Extension/Rate Change		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 1-4 1st DT liens	199		n/m		—		—		—
SFR HELOCs and junior liens	—		—		41		—		n/m


Commercial and industrial	—		—		$	1,008	—		0.21	%



Total	$	199	n/m		$	1,344	$	211	0.02	%

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

Multifamily

Added 12 months to the life of the loan

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 nine months ended September 30, 2025 and September 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.