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Loans

9 Months Ended

Sep. 30, 2025

Note 5 Loans

The loan portfolio is comprised of loans originated by the Company and loans that were acquired in connection with the Company’s acquisitions. The tables below show the loan portfolio composition including carrying value by segment as of the dates shown. The carrying value of loans is net of discounts, fees, costs and fair value marks of $22.4 million and $30.1 million as of September 30, 2025 and December 31, 2024, respectively.


	September 30, 2025
	Total loans		% of total
Commercial	$	4,580,318	61.6%
Commercial real estate non-owner occupied		1,639,877	22.1%
Residential real estate		1,196,194	16.1%
Consumer		13,112	0.2%
Total	$	7,429,501	100.0%


	December 31, 2024
	Total loans		% of total
Commercial	$	4,670,430	60.2%
Commercial real estate non-owner occupied		1,812,338	23.4%
Residential real estate		1,253,838	16.2%
Consumer		14,537	0.2%
Total	$	7,751,143	100.0%

Information about delinquent and non-accrual loans is shown in the following tables at September 30, 2025 and December 31, 2024:


	September 30, 2025
			Greater
	30-89 days		than 90 days				Total past
	past due and		past due and		Non-accrual		due and
	accruing		accruing		loans		non-accrual		Current		Total loans
Commercial:
Commercial and industrial	$	7,113	$	3,926	$	14,617	$	25,656	$	1,947,004	$	1,972,660
Municipal and non-profit		—		—		—		—		1,189,936		1,189,936
Owner occupied commercial real estate		2,384		2,270		5,561		10,215		1,166,061		1,176,276
Food and agribusiness		2,039		5,921		587		8,547		232,899		241,446
Total commercial		11,536		12,117		20,765		44,418		4,535,900		4,580,318
Commercial real estate non-owner occupied:
Construction		—		—		—		—		205,338		205,338
Acquisition/development		—		—		337		337		54,071		54,408
Multifamily		—		—		—		—		300,250		300,250
Non-owner occupied		155		—		—		155		1,079,726		1,079,881
Total commercial real estate non-owner occupied		155		—		337		492		1,639,385		1,639,877
Residential real estate:
Senior lien		1,913		3		5,136		7,052		1,110,667		1,117,719
Junior lien		537		—		410		947		77,528		78,475
Total residential real estate		2,450		3		5,546		7,999		1,188,195		1,196,194
Consumer		147		—		67		214		12,898		13,112
Total loans	$	14,288	$	12,120	$	26,715	$	53,123	$	7,376,378	$	7,429,501


	September 30, 2025
	Non-accrual loans		Non-accrual loans
	with a related		with no related
	allowance for		allowance for		Non-accrual
	credit loss		credit loss		loans
Commercial:
Commercial and industrial	$	8,794	$	5,823	$	14,617
Owner occupied commercial real estate		3,735		1,826		5,561
Food and agribusiness		1		586		587
Total commercial		12,530		8,235		20,765
Commercial real estate non-owner occupied:
Acquisition/development		46		291		337
Total commercial real estate non-owner occupied		46		291		337
Residential real estate:
Senior lien		3,442		1,694		5,136
Junior lien		410		—		410
Total residential real estate		3,852		1,694		5,546
Consumer		67		—		67
Total loans	$	16,495	$	10,220	$	26,715


	December 31, 2024
			Greater
	30-89 days		than 90 days				Total past
	past due and		past due and		Non-accrual		due and
	accruing		accruing		loans		non-accrual		Current		Total loans
Commercial:
Commercial and industrial	$	20,290	$	5,492	$	21,950	$	47,732	$	1,948,093	$	1,995,825
Municipal and non-profit		—		—		—		—		1,107,142		1,107,142
Owner occupied commercial real estate		1,611		9,447		195		11,253		1,252,891		1,264,144
Food and agribusiness		—		—		587		587		302,732		303,319
Total commercial		21,901		14,939		22,732		59,572		4,610,858		4,670,430
Commercial real estate non-owner occupied:
Construction		—		—		—		—		250,335		250,335
Acquisition/development		—		—		—		—		82,862		82,862
Multifamily		—		—		—		—		320,781		320,781
Non-owner occupied		158		—		5,971		6,129		1,152,231		1,158,360
Total commercial real estate non-owner occupied		158		—		5,971		6,129		1,806,209		1,812,338
Residential real estate:
Senior lien		952		—		6,747		7,699		1,161,568		1,169,267
Junior lien		133		—		505		638		83,933		84,571
Total residential real estate		1,085		—		7,252		8,337		1,245,501		1,253,838
Consumer		20		1		39		60		14,477		14,537
Total loans	$	23,164	$	14,940	$	35,994	$	74,098	$	7,677,045	$	7,751,143


	December 31, 2024
	Non-accrual loans		Non-accrual loans
	with a related		with no related
	allowance for		allowance for		Non-accrual
	credit loss		credit loss		loans
Commercial:
Commercial and industrial	$	12,746	$	9,204	$	21,950
Owner occupied commercial real estate		195		—		195
Food and agribusiness		1		586		587
Total commercial		12,942		9,790		22,732
Commercial real estate non-owner occupied:
Non-owner occupied		5,971		—		5,971
Total commercial real estate non-owner occupied		5,971		—		5,971
Residential real estate:
Senior lien		3,319		3,428		6,747
Junior lien		505		—		505
Total residential real estate		3,824		3,428		7,252
Consumer		39		—		39
Total loans	$	22,776	$	13,218	$	35,994

Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. Loans to borrowers experiencing financial difficulties may be modified. Modified loans are discussed in more detail below. There was no interest income recognized from non-accrual loans during the three or nine months ended September 30, 2025 or 2024.

The Company’s internal risk rating system uses a series of grades, which reflect our assessment of the credit quality of loans based on an analysis of the borrower’s financial condition, liquidity and ability to meet contractual debt service requirements and are categorized as “Pass,” “Special mention,” “Substandard” and “Doubtful.” For a description of the general characteristics of the risk grades, refer to note 2 Summary of Significant Accounting Policies in our audited consolidated financial statements in our 2024 Annual Report on Form 10-K.

The amortized cost basis and current period gross charge-offs for all loans as determined by the Company’s internal risk rating system and year of origination are shown in the following tables as of and for the nine months ended September 30, 2025 and the year ended December 31, 2024:


	September 30, 2025
													Revolving		Revolving
													loans		loans
	Origination year												amortized		converted
	2025		2024		2023		2022		2021		Prior		cost basis		to term		Total
Commercial:
Commercial and industrial:
Pass	$	344,691	$	395,828	$	106,533	$	255,475	$	158,688	$	110,209	$	355,690	$	46,112	$	1,773,226
Special mention		5,163		690		36,020		16,263		3,013		9,022		33,403		—		103,574
Substandard		4,002		14,214		28,005		1,216		17,609		3,385		23,974		—		92,405
Doubtful		—		1,150		1,000		644		122		539		—		—		3,455
Total commercial and industrial		353,856		411,882		171,558		273,598		179,432		123,155		413,067		46,112		1,972,660
Gross charge-offs: Commercial and industrial		933		3,043		7,075		212		277		941		—		—		12,481
Municipal and non-profit:
Pass		112,852		115,321		148,797		137,042		211,032		426,443		38,449		—		1,189,936
Total municipal and non-profit		112,852		115,321		148,797		137,042		211,032		426,443		38,449		—		1,189,936
Owner occupied commercial real estate:
Pass		74,362		234,340		146,545		190,212		127,092		284,583		14,360		3,485		1,074,979
Special mention		—		19,890		11,209		10,164		4,210		12,529		—		—		58,002
Substandard		—		11,850		—		11,448		11,698		6,344		849		—		42,189
Doubtful		—		—		—		690		—		416		—		—		1,106
Total owner occupied commercial real estate		74,362		266,080		157,754		212,514		143,000		303,872		15,209		3,485		1,176,276
Gross charge-offs: Owner occupied commercial real estate		—		—		2,266		883		—		303		—		—		3,452
Food and agribusiness:
Pass		374		13,951		11,461		61,836		4,185		33,115		105,191		432		230,545
Special mention		—		—		—		3,746		2,374		162		—		—		6,282
Substandard		—		—		—		—		774		3,845		—		—		4,619
Total food and agribusiness		374		13,951		11,461		65,582		7,333		37,122		105,191		432		241,446
Gross charge-offs: Food and agribusiness		—		—		24		—		—		—		—		—		24
Total commercial		541,444		807,234		489,570		688,736		540,797		890,592		571,916		50,029		4,580,318
Gross charge-offs: Commercial		933		3,043		9,365		1,095		277		1,244		—		—		15,957
Commercial real estate non-owner occupied:
Construction:
Pass		11,196		81,816		36,975		38,357		—		883		33,059		3,052		205,338
Total construction		11,196		81,816		36,975		38,357		—		883		33,059		3,052		205,338
Acquisition/development:
Pass		3,728		16,565		442		22,591		1,942		8,266		537		—		54,071
Substandard		—		—		—		—		—		337		—		—		337
Total acquisition/development		3,728		16,565		442		22,591		1,942		8,603		537		—		54,408
Multifamily:
Pass		—		1,332		1,243		152,870		64,095		65,813		—		—		285,353
Special mention		—		—		6,596		—		—		—		—		—		6,596
Substandard		—		—		—		8,301		—		—		—		—		8,301
Total multifamily		—		1,332		7,839		161,171		64,095		65,813		—		—		300,250
Non-owner occupied:
Pass		44,739		55,185		141,787		259,405		147,437		369,213		11,465		—		1,029,231
Special mention		—		—		—		—		11,779		5,731		—		—		17,510
Substandard		—		—		—		4,787		—		28,353		—		—		33,140
Total non-owner occupied		44,739		55,185		141,787		264,192		159,216		403,297		11,465		—		1,079,881
Gross charge-offs: Non-owner occupied		—		—		—		—		1,467		—		—		—		1,467
Total commercial real estate non-owner occupied		59,663		154,898		187,043		486,311		225,253		478,596		45,061		3,052		1,639,877
Gross charge-offs: Commercial real estate non-owner occupied		—		—		—		—		1,467		—		—		—		1,467
Residential real estate:
Senior lien:
Pass		69,749		65,545		58,143		378,060		259,541		235,549		44,297		672		1,111,556
Special mention		—		—		—		—		—		12		—		—		12
Substandard		—		—		642		2,402		599		2,277		—		—		5,920
Doubtful		—		—		—		231		—		—		—		—		231
Total senior lien		69,749		65,545		58,785		380,693		260,140		237,838		44,297		672		1,117,719
Gross charge-offs: Senior lien		—		26		—		—		1		1		—		—		28
Junior lien:
Pass		1,793		5,864		3,185		4,175		910		5,516		55,965		462		77,870
Special mention		—		—		—		—		—		27		—		—		27
Substandard		—		38		—		94		—		277		169		—		578
Total junior lien		1,793		5,902		3,185		4,269		910		5,820		56,134		462		78,475
Total residential real estate		71,542		71,447		61,970		384,962		261,050		243,658		100,431		1,134		1,196,194

Gross charge-offs: Residential real estate		—		26		—		—		1		1		—		—		28
Consumer:
Pass		3,708		2,165		1,248		729		462		349		4,349		35		13,045
Substandard		11		10		—		4		—		42		—		—		67
Total consumer		3,719		2,175		1,248		733		462		391		4,349		35		13,112
Gross charge-offs: Consumer		547		10		1		—		—		—		16		—		574
Total loans	$	676,368	$	1,035,754	$	739,831	$	1,560,742	$	1,027,562	$	1,613,237	$	721,757	$	54,250	$	7,429,501
Gross charge-offs: Total loans	$	1,480	$	3,079	$	9,366	$	1,095	$	1,745	$	1,245	$	16	$	—	$	18,026


	December 31, 2024
													Revolving		Revolving
													loans		loans
	Origination year												amortized		converted
	2024		2023		2022		2021		2020		Prior		cost basis		to term		Total
Commercial:
Commercial and industrial:
Pass	$	445,993	$	181,920	$	332,246	$	215,561	$	51,902	$	92,115	$	468,752	$	2,614	$	1,791,103
Special mention		8,005		32,319		13,753		17,496		12,915		5,552		16,146		651		106,837
Substandard		13,417		34,320		8,909		21,575		3,011		2,020		8,982		387		92,621
Doubtful		1,250		1,159		1,490		17		975		373		—		—		5,264
Total commercial and industrial		468,665		249,718		356,398		254,649		68,803		100,060		493,880		3,652		1,995,825
Gross charge-offs: Commercial and industrial		—		2,028		—		26		155		156		—		—		2,365
Municipal and non-profit:
Pass		116,551		152,183		137,249		217,362		73,399		378,561		29,747		—		1,105,052
Special mention		—		—		—		170		1,920		—		—		—		2,090
Total municipal and non-profit		116,551		152,183		137,249		217,532		75,319		378,561		29,747		—		1,107,142
Owner occupied commercial real estate:
Pass		269,810		205,119		225,766		131,547		83,791		232,653		20,912		8,990		1,178,588
Special mention		430		1,664		13,798		23,482		268		12,744		—		—		52,386
Substandard		—		7,180		15,266		3,397		1,243		4,759		847		—		32,692
Doubtful		—		—		—		—		—		478		—		—		478
Total owner occupied commercial real estate		270,240		213,963		254,830		158,426		85,302		250,634		21,759		8,990		1,264,144
Gross charge-offs: Owner occupied commercial real estate		—		—		13		—		—		—		—		—		13
Food and agribusiness:
Pass		14,727		9,884		68,909		6,587		5,940		33,081		156,113		344		295,585
Special mention		—		—		4,045		2,898		—		204		—		—		7,147
Substandard		—		—		—		586		—		1		—		—		587
Total food and agribusiness		14,727		9,884		72,954		10,071		5,940		33,286		156,113		344		303,319
Gross charge-offs: Food and agribusiness		—		—		—		—		—		2,704		—		—		2,704
Total commercial		870,183		625,748		821,431		640,678		235,364		762,541		701,499		12,986		4,670,430
Gross charge-offs: Commercial		—		2,028		13		26		155		2,860		—		—		5,082
Commercial real estate non-owner occupied:
Construction:
Pass		55,139		59,137		54,735		33,859		917		—		46,548		—		250,335
Total construction		55,139		59,137		54,735		33,859		917		—		46,548		—		250,335
Acquisition/development:
Pass		16,645		4,038		31,028		20,412		1,079		8,110		184		—		81,496
Special mention		—		—		1,072		—		—		—		—		—		1,072
Substandard		—		—		—		—		—		294		—		—		294
Total acquisition/development		16,645		4,038		32,100		20,412		1,079		8,404		184		—		82,862
Multifamily:
Pass		1,363		16,470		138,872		70,419		45,700		31,034		853		—		304,711
Special mention		4,159		—		8,091		3,820		—		—		—		—		16,070
Total multifamily		5,522		16,470		146,963		74,239		45,700		31,034		853		—		320,781
Non-owner occupied:
Pass		68,192		143,857		303,998		143,085		125,374		304,162		11,018		—		1,099,686
Special mention		5,246		1,298		17,272		12,184		—		16,009		—		—		52,009
Substandard		—		—		—		5,516		—		694		—		—		6,210
Doubtful		—		—		—		455		—		—		—		—		455
Total non-owner occupied		73,438		145,155		321,270		161,240		125,374		320,865		11,018		—		1,158,360
Gross charge-offs: Non-owner occupied		—		—		293		—		—		4,422		—		—		4,715
Total commercial real estate non-owner occupied		150,744		224,800		555,068		289,750		173,070		360,303		58,603		—		1,812,338
Gross charge-offs: Commercial real estate non-owner occupied		—		—		293		—		—		4,422		—		—		4,715
Residential real estate:
Senior lien:
Pass		66,465		77,136		415,279		280,209		100,990		174,830		46,053		583		1,161,545
Special mention		—		—		—		—		—		16		—		—		16
Substandard		64		663		3,422		700		394		2,270		—		—		7,513
Doubtful		—		—		172		—		—		21		—		—		193
Total senior lien		66,529		77,799		418,873		280,909		101,384		177,137		46,053		583		1,169,267
Junior lien:
Pass		6,870		3,498		4,614		1,789		1,964		5,488		59,331		311		83,865
Special mention		—		—		—		—		—		27		—		—		27
Substandard		44		—		240		—		89		134		172		—		679
Total junior lien		6,914		3,498		4,854		1,789		2,053		5,649		59,503		311		84,571
Total residential real estate		73,443		81,297		423,727		282,698		103,437		182,786		105,556		894		1,253,838
Consumer:
Pass		4,557		1,994		1,443		942		528		169		4,795		71		14,499
Substandard		—		—		—		—		—		38		—		—		38
Total consumer		4,557		1,994		1,443		942		528		207		4,795		71		14,537
Gross charge-offs: Consumer		877		23		30		3		—		48		—		—		981
Total loans	$	1,098,927	$	933,839	$	1,801,669	$	1,214,068	$	512,399	$	1,305,837	$	870,453	$	13,951	$	7,751,143
Gross charge-offs: Total loans	$	877	$	2,051	$	336	$	29	$	155	$	7,330	$	—	$	—	$	10,778

Loans evaluated individually

We evaluate loans individually when they no longer share risk characteristics with pooled loans. These loans include loans on non-accrual status, loans in bankruptcy, and modified loans as described below. If a specific allowance is warranted based on the borrower’s overall financial condition, the specific allowance is calculated based on discounted expected cash flows using the loan’s initial contractual effective interest rate or the fair value of the collateral less selling costs for collateral-dependent loans.

A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Management individually evaluates collateral-dependent loans with an amortized cost basis of $250 thousand or more and includes collateral-dependent loans less than $250 thousand within the general allowance population. The amortized cost basis of collateral-dependent loans over $250 thousand was as follows at September 30, 2025 and December 31, 2024:


	September 30, 2025
					Total amortized
	Real property		Business assets		cost basis
Commercial:
Commercial and industrial	$	4,809	$	11,684	$	16,493
Owner occupied commercial real estate		7,328		1,480		8,808
Food and agribusiness		520		66		586
Total commercial		12,657		13,230		25,887
Residential real estate:
Senior lien		2,719		—		2,719
Total residential real estate		2,719		—		2,719
Total loans	$	15,376	$	13,230	$	28,606


	December 31, 2024
					Total amortized
	Real property		Business assets		cost basis
Commercial:
Commercial and industrial	$	6,281	$	4,924	$	11,205
Owner occupied commercial real estate		1,343		—		1,343
Food and agribusiness		586		—		586
Total commercial		8,210		4,924		13,134
Commercial real estate non-owner occupied:
Non-owner occupied		5,971		—		5,971
Total commercial real estate non-owner occupied		5,971		—		5,971
Residential real estate:
Senior lien		5,075		—		5,075
Junior lien		222		—		222
Total residential real estate		5,297		—		5,297
Total loans	$	19,478	$	4,924	$	24,402

Loan modifications

The Company’s policy is to review each prospective credit to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying a loan to provide a concession by the Company to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. The Company considers loans to borrowers experiencing financial difficulties, where such a concession is utilized, to be TDMs. TDMs may include principal forgiveness, interest rate reductions, other-than-insignificant-payment delays, term extensions or any combination thereof.

The following schedules present, by loan class, the amortized cost basis for loans to borrowers experiencing financial difficulty that remain outstanding and were modified within the three and nine months ended September 30, 2025:


	As of and for the three months ended September 30, 2025
	Payment delay
	Amortized		% of loan
	cost basis		class
Commercial:
Commercial and industrial	$	2,429	0.1%
Total loans	$	2,429	0.0%


	As of and for the nine months ended September 30, 2025
	Term extension			Payment delay
	Amortized		% of loan	Amortized		% of loan
	cost basis		class	cost basis		class
Commercial:
Commercial and industrial	$	1,490	0.1%	$	8,047	0.4%
Owner occupied commercial real estate		1,704	0.1%		2,195	0.2%
Total commercial		3,194	0.1%		10,242	0.2%
Total loans	$	3,194	0.0%	$	10,242	0.1%


	As of and for the three months ended September 30, 2024
				Combination - interest rate
	Payment delay			reduction and term extension
	Amortized		% of loan	Amortized		% of loan
	cost basis		class	cost basis		class
Commercial:
Commercial and industrial	$	2,849	0.1%	$	—	0.0%
Total commercial		2,849	0.1%		—	0.0%
Residential real estate:
Junior lien		—	0.0%		45	0.1%
Total residential real estate		—	0.0%		45	0.0%
Total loans	$	2,849	0.0%	$	45	0.0%


	As of and for the nine months ended September 30, 2024
							Combination - interest rate			Combination - term extension
	Term extension			Payment Delay			reduction and term extension			and payment delay
	Amortized		% of loan	Amortized		% of loan	Amortized		% of loan	Amortized		% of loan
	cost basis		class	cost basis		class	cost basis		class	cost basis		class
Commercial:
Commercial and industrial	$	7,621	0.4%	$	2,849	0.1%	$	—	0.0%	$	—	0.0%
Owner occupied commercial real estate		—	0.0%		1,664	0.1%		—	0.0%		—	0.0%
Total commercial		7,621	0.2%		4,513	0.1%		—	0.0%		—	0.0%
Commercial real estate non-owner occupied:
Non-owner occupied		5,435	0.5%		—	0.0%		—	0.0%		—	0.0%
Total commercial real estate non-owner occupied		5,435	0.3%		—	0.0%		—	0.0%		—	0.0%
Residential real estate:
Senior lien		—	0.0%		854	0.1%		22	0.0%		382	0.0%
Junior lien		—	0.0%		—	0.0%		45	0.1%		—	0.0%
Total residential real estate		—	0.0%		854	0.1%		67	0.0%		382	0.0%
Total loans	$	13,056	0.2%	$	5,367	0.1%	$	67	0.0%	$	382	0.0%

The following schedules present, by loan class, the payment status of loans that have been modified in the last twelve months as of the dates presented on an amortized cost basis:


	September 30, 2025
	Current		30-89 days past due		90+ days past due		Non-accrual
Commercial:
Commercial and industrial	$	8,736	$	—	$	—	$	801
Owner occupied commercial real estate		2,195		—		—		1,704
Total commercial		10,931		—		—		2,505
Total loans	$	10,931	$	—	$	—	$	2,505


	September 30, 2024
	Current		30-89 days past due		90+ days past due		Non-accrual
Commercial:
Commercial and industrial	$	2,849	$	7,621	$	—	$	5,354
Owner occupied commercial real estate		1,664		—		—		—
Total commercial		4,513		7,621		—		5,354
Commercial real estate non-owner occupied:
Non-owner occupied		167		5,268		—		—
Total commercial real estate non-owner occupied		167		5,268		—		—
Residential real estate:
Senior lien		854		—		—		404
Junior lien		—		—		—		45
Total residential real estate		854		—		—		449
Total loans	$	5,534	$	12,889	$	—	$	5,803

Accrual of interest is resumed on loans that were previously on non-accrual only after the loan has performed sufficiently for a period of time. During the three and nine months ended September 30, 2025, the Company had two TDMs with amortized costs totaling $2.5 million that were modified within the past 12 months, utilizing a payment delay and a term extension, that defaulted on their modified terms. During the three months ended September 30, 2024, the Company had no TDMs that were modified within the past 12 months that defaulted on their modified terms. During the nine months ended September 30, 2024, the Company had two TDMs with an amortized cost totaling $5.7 million that were modified within the past 12 months, utilizing a payment delay and a combination of a term extension and a payment delay, that defaulted on their modified terms. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due on principal or interest. The allowance for credit losses related to TDMs on non-accrual status is determined by individual evaluation, including collateral adequacy, using the same process as loans on non-accrual status which are not classified as TDMs.

The following schedules present the financial effect of the modifications made to borrowers experiencing financial difficulty as of and for the periods indicated:


	As of and for the three months ended September 30, 2025	As of and for the nine months ended September 30, 2025
	Financial effect	Financial effect
	Payment delay	Term extension	Payment delay
Commercial:
Commercial and industrial	Extended a weighted average of 0.3 years to the life of loans	Extended a weighted average of 1.0 year to the life of loans	Delayed payments for a weighted average of 0.5 years
Owner occupied commercial real estate		Extended a weighted average of 0.7 years to the life of loans	Delayed payments for a weighted average of 0.3 years

As of and for the three months ended September 30, 2024

As of and for the nine months ended September 30, 2024

Financial effect

Term extension

Combination - Interest rate reduction and Term extension

Term extension

Payment delay

Combination - Interest rate reduction and Term extension

Combination - Term extension and Payment delay

Commercial:

Commercial and industrial

Extended a weighted average of 0.5 years to the life of loans

Extended a weighted average of 0.6 years to the life of loans

Delayed payments for a weighted average of 0.5 years

Owner occupied commercial real estate

Delayed payments for a weighted average of 0.5 years

Commercial real estate non-owner occupied:

Non-owner occupied

Extended a weighted average of 0.9 years to the life of loans

Residential real estate:

Senior lien

Delayed payments for a weighted average of 0.3 years

Reduced weighted average contractual interest rate by 1.5% and extended a weighted average life of 11 years

Extended a weighted average of 0.7 years to the life of loans and delayed payments for a weighted average of 0.7 years

Junior lien

Reduced weighted average contractual interest rate by 1.1% and extended a weighted average life of 10 years