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Note 3 - LOANS/LEASES RECEIVABLE

3 Months Ended

Mar. 31, 2025

LOANS/LEASES RECEIVABLE

LOANS/LEASES RECEIVABLE

NOTE 3 – LOANS/LEASES RECEIVABLE

The composition of the loan/lease portfolio as of March 31, 2025 and December 31, 2024 is presented as follows:


		March 31, 2025			December 31, 2024

		(dollars in thousands)
C&I:
C&I - revolving		$	388,479		$	387,991
C&I - other *			1,444,119			1,514,932
			1,832,598			1,902,923

CRE - owner occupied			599,488			605,993
CRE - non-owner occupied			1,040,281			1,077,852
Construction and land development			1,419,208			1,313,543
Multi-family			1,178,299			1,132,110
Direct financing leases**			14,773			17,076
1-4 family real estate***			592,127			588,179
Consumer			146,393			146,728
			6,823,167			6,784,404
Allowance for credit losses			(90,354)			(89,841)
		$	6,732,813		$	6,694,563
** Direct financing leases:
Net minimum lease payments to be received		$	15,931		$	18,506
Estimated unguaranteed residual values of leased assets			165			165
Unearned lease/residual income			(1,323)			(1,595)
			14,773			17,076
Less allowance for credit losses			(485)			(580)
		$	14,288		$	16,496

* Includes equipment financing agreements outstanding through m2, totaling $270.2 million and $303.2 million as of March 31, 2025 and December 31, 2024, respectively.

** Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors, which is combined with management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The majority of leases with residual values contain a lease options rider, which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal.

*** Includes residential real estate held for sale totaling $2.0 million and $2.1 million as of March 31, 2025 and December 31, 2024, respectively.

Accrued interest on loans, which is excluded from the amortized cost of loans, totaled $46.1 million at both March 31, 2025 and December 31, 2024, and was included in Other Assets on the consolidated balance sheets.

Changes in accretable discounts on acquired loans for the three months ended March 31, 2025 and 2024, respectively, are presented as follows:


	For the Three Months Ended
	March 31, 2025			March 31, 2024
	Performing			Performing
	Loans			Loans

	(dollars in thousands)

Balance at the beginning of the period	$	(2,310)		$	(3,891)
Accretion recognized		195			352
Balance at the end of the period	$	(2,115)		$	(3,539)

The aging of the loan/lease portfolio by classes of loans/leases as of March 31, 2025 and December 31, 2024 is presented as follows:


		As of March 31, 2025
											Accruing Past
					30-59 Days			60-89 Days			Due 90 Days or			Nonaccrual
Classes of Loans/Leases		Current			Past Due			Past Due			More			Loans/Leases			Total

		(dollars in thousands)
C&I:
C&I - revolving		$	384,613		$	430		$	—		$	—		$	3,436	$		388,479
C&I - other			1,397,794			8,427			6,419			6			31,473			1,444,119
CRE - owner occupied			595,764			1,194			—			—			2,530			599,488
CRE - non-owner occupied			1,037,520			—			—			—			2,761			1,040,281
Construction and land development			1,400,875			—			13,865			350			4,118			1,419,208
Multi-family			1,168,002			10,297			—			—			—			1,178,299
Direct financing leases			14,155			368			45			—			205			14,773
1-4 family real estate			588,161			1,606			—			—			2,360			592,127
Consumer			145,741			86			190			—			376			146,393
		$	6,732,625		$	22,408		$	20,519		$	356		$	47,259		$	6,823,167

As a percentage of total loan/lease portfolio			98.67	%		0.33	%		0.30	%		0.01	%		0.69	%		100.00	%


		As of December 31, 2024
											Accruing Past
					30-59 Days			60-89 Days			Due 90 Days or			Nonaccrual
Classes of Loans/Leases		Current			Past Due			Past Due			More			Loans/Leases			Total

		(dollars in thousands)
C&I
C&I - revolving		$	387,767		$	30		$	—		$	—		$	194	$		387,991
C&I - other			1,474,729			13,159			2,931			2			24,111			1,514,932
CRE - owner occupied			604,550			173			454			—			816			605,993
CRE - non-owner occupied			1,074,541			85			—			—			3,226			1,077,852
Construction and land development			1,300,893			8			—			4,188			8,454			1,313,543
Multi-family			1,132,110			—			—			—			—			1,132,110
Direct financing leases			16,622			60			135			—			259			17,076
1-4 family real estate			579,943			4,910			539			80			2,707			588,179
Consumer			146,172			235			8			—			313			146,728
		$	6,717,327		$	18,660		$	4,067		$	4,270		$	40,080		$	6,784,404

As a percentage of total loan/lease portfolio			99.01	%		0.28	%		0.06	%		0.06	%		0.59	%		100.00	%

NPLs by classes of loans/leases as of March 31, 2025 and December 31, 2024 are presented as follows:


		As of March 31, 2025
		Accruing Past			Nonaccrual			Nonaccrual
		Due 90 Days or			Loans/Leases			Loans/Leases						Percentage of
Classes of Loans/Leases		More			with an ACL			without an ACL			Total NPLs			Total NPLs

		(dollars in thousands)
C&I:
C&I - revolving		$	—		$	186		$	3,250		$	3,436		7	%
C&I - other			6			29,387			2,086			31,479		66
CRE - owner occupied			—			1,176			1,354			2,530		5
CRE - non-owner occupied			—			2,761			—			2,761		6
Construction and land development			350			4,118			—			4,468		9
Multi-family			—			—			—			—		-
Direct financing leases			—			205			—			205		1
1-4 family real estate			—			2,026			334			2,360		5
Consumer			—			376			—			376		1
		$	356		$	40,235		$	7,024		$	47,615		100	%


		As of December 31, 2024
		Accruing Past			Nonaccrual			Nonaccrual
		Due 90 Days or			Loans/Leases			Loans/Leases						Percentage of
Classes of Loans/Leases		More			with an ACL			without an ACL			Total NPLs			Total NPLs

			(dollars in thousands)

C&I:
C&I - revolving		$	—		$	193		$	1		$	194		-	%
C&I - other			2			20,849			3,262			24,113		54
CRE - owner occupied			—			816			—			816		2
CRE - non-owner occupied			—			2,686			540			3,226		7
Construction and land development			4,188			—			8,454			12,642		29
Multi-family			—			—			—			—		-
Direct financing leases			—			259			—			259		1
1-4 family real estate			80			2,366			341			2,787		6
Consumer			—			313			—			313		1
		$	4,270		$	27,482		$	12,598		$	44,350		100	%

The Company did not recognize any interest income on nonaccrual loans during the three months ended March 31, 2025 and 2024.

Changes in the ACL on loans/leases by portfolio segment for the three months ended March 31, 2025 and 2024, respectively, are presented as follows:


		Three Months Ended March 31, 2025
								CRE			CRE			Construction						1-4
		C&I -			C&I -			Owner			Non-Owner			and Land			Multi-			Family
		Revolving			Other*			Occupied			Occupied			Development			Family			Real Estate			Consumer				Total

		(dollars in thousands)

Balance, beginning		$	3,856		$	34,002		$	7,147		$	11,137		$	15,099		$	12,173		$	4,934		$	1,493			$	89,841
Provision			96			2,099			(6)			(76)			1,602			795			187			46				4,743
Charge-offs			—			(4,878)			—			—			—			—			(26)			(40)				(4,944)
Recoveries			—			622			—			—			59			—			—			33				714
Balance, ending		$	3,952		$	31,845		$	7,141		$	11,061		$	16,760		$	12,968		$	5,095		$	1,532			$	90,354

* Included within the C&I – Other column are ACL on leases with a beginning balance of $580 thousand, provision of $87 thousand, charge-offs of $191 thousand and recoveries of $9 thousand. ACL on leases was $485 thousand as of March 31, 2025.


		Three Months Ended March 31, 2024
								CRE			CRE			Construction						1-4
		C&I -			C&I -			Owner			Non-Owner			and Land			Multi-			Family
		Revolving			Other*			Occupied			Occupied			Development			Family			Real Estate			Consumer				Total

		(dollars in thousands)

Balance, beginning		$	4,224		$	27,460		$	8,223		$	11,581		$	16,856		$	12,463		$	4,917		$	1,476			$	87,200
Change in ACL for writedown of LHFS to fair value			—			—			—			—			(513)			(2,864)			—			—				(3,377)
Provision			216			2,227			193			1,026			(3,606)			3,329			375			(24)				3,736
Charge-offs			—			(3,538)			—			—			—			—			(3)			(19)				(3,560)
Recoveries			—			466			—			—			—			—			—			5				471
Balance, ending		$	4,440		$	26,615		$	8,416		$	12,607		$	12,737		$	12,928		$	5,289		$	1,438			$	84,470

* Included within the C&I – Other column are ACL on leases with a beginning balance of $992 thousand, provision of $68 thousand, charge-offs of $89 thousand and recoveries of $49 thousand. ACL on leases was $884 thousand as of March 31, 2024.

The composition of the ACL on loans/leases by portfolio segment based on evaluation method are as follows:


		As of March 31, 2025
		Amortized Cost of Loans Receivable									Allowance for Credit Losses
		Individually			Collectively						Individually			Collectively
		Evaluated for			Evaluated for						Evaluated for			Evaluated for
		Credit Losses			Credit Losses			Total			Credit Losses			Credit Losses			Total

		(dollars in thousands)
C&I :
C&I - revolving		$	6,647		$	381,832		$	388,479		$	158		$	3,794		$	3,952
C&I - other*			41,266			1,417,626			1,458,892			11,973			19,872			31,845
			47,913			1,799,458			1,847,371			12,131			23,666			35,797
CRE - owner occupied			30,190			569,298			599,488			2,054			5,087			7,141
CRE - non-owner occupied			16,950			1,023,331			1,040,281			558			10,503			11,061
Construction and land development			5,047			1,414,161			1,419,208			1,353			15,407			16,760
Multi-family			20			1,178,279			1,178,299			2			12,966			12,968
1-4 family real estate			3,027			589,100			592,127			277			4,818			5,095
Consumer			444			145,949			146,393			43			1,489			1,532
		$	103,591		$	6,719,576		$	6,823,167		$	16,418		$	73,936		$	90,354

* Included within the C&I – other category are leases individually evaluated of $205 thousand with a related allowance for credit losses of $70 thousand and leases collectively evaluated of $14.6 million with a related allowance for credit losses of $415 thousand as of March 31, 2025.


		As of December 31, 2024
		Amortized Cost of Loans Receivable									Allowance for Credit Losses
		Individually			Collectively						Individually			Collectively
		Evaluated for			Evaluated for						Evaluated for			Evaluated for
		Credit Losses			Credit Losses			Total			Credit Losses			Credit Losses			Total

		(dollars in thousands)
C&I :
C&I - revolving		$	3,404		$	384,587		$	387,991		$	97		$	3,759		$	3,856
C&I - other*			38,140			1,493,868			1,532,008			9,437			24,565			34,002
			41,544			1,878,455			1,919,999			9,534			28,324			37,858
CRE - owner occupied			26,822			579,171			605,993			2,136			5,011			7,147
CRE - non-owner occupied			18,163			1,059,689			1,077,852			542			10,595			11,137
Construction and land development			13,346			1,300,197			1,313,543			1,343			13,756			15,099
Multi-family			23			1,132,087			1,132,110			2			12,171			12,173
1-4 family real estate			3,463			584,716			588,179			321			4,613			4,934
Consumer			443			146,285			146,728			45			1,448			1,493
		$	103,804		$	6,680,600		$	6,784,404		$	13,923		$	75,918		$	89,841

* Included within the C&I – other category are leases individually evaluated of $259 thousand with a related allowance for credit losses of $93 thousand and leases collectively evaluated of $16.8 million with a related allowance for credit losses of $487 thousand as of December 31, 2024.

The following table presents the amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses as of March 31, 2025 and December 31, 2024:



		As of March 31, 2025
								Non
		Commercial			Owner-occupied			Owner-Occupied			Owner Occupied
		Assets			CRE			Real Estate			Real Estate			Securities			Equipment			Other			Total

		(dollars in thousands)
C & I:
C&I - revolving		$	6,647		$	—		$	—		$	—		$	—		$	—		$	—		$	6,647
C&I - other*			8,619			—			—			—			4,760			14,518			13,369			41,266
			15,266			—			—			—			4,760			14,518			13,369			47,913
CRE - owner occupied			—			30,145			—			45			—			—			—			30,190
CRE - non-owner occupied			—			—			16,950			—			—			—			—			16,950
Construction and land development			—			—			5,047			—			—			—			—			5,047
Multi-family			—			—			20			—			—			—			—			20
1-4 family real estate			—			—			174			2,853			—			—			—			3,027
Consumer			—			—			—			418			—			—			26			444
		$	15,266		$	30,145		$	22,191		$	3,316		$	4,760		$	14,518		$	13,395		$	103,591

* Included within the C&I – other category are leases individually evaluated of $205 thousand with primary collateral of equipment.


		As of December 31, 2024
								Non
		Commercial			Owner-occupied			Owner-Occupied			Owner Occupied
		Assets			CRE			Real Estate			Real Estate			Securities			Equipment			Other			Total

		(dollars in thousands)
C & I:
C&I - revolving		$	3,404		$	—		$	—		$	—		$	—		$	—		$	—		$	3,404
C&I - other*			3,868			—			506			—			4,760			14,197			14,809			38,140
			7,272			—			506			—			4,760			14,197			14,809			41,544
CRE - owner occupied			—			26,760			—			62			—			—			—			26,822
CRE - non-owner occupied			—			—			18,163			—			—			—			—			18,163
Construction and land development			—			—			13,346			—			—			—			—			13,346
Multi-family			—			—			23			—			—			—			—			23
1-4 family real estate			—			—			176			3,287			—			—			—			3,463
Consumer			—			—			34			394			—			—			15			443
		$	7,272		$	26,760		$	32,248		$	3,743		$	4,760		$	14,197		$	14,824		$	103,804

* Included within the C&I – other category are leases individually evaluated of $259 thousand with primary collateral of equipment.

For all loans except direct financing leases and equipment financing agreements, the Company’s credit quality indicator consists of internally assigned risk ratings. Each such loan is assigned a risk rating upon origination. The risk rating is reviewed every 15 months, at a minimum, and on an as-needed basis depending on the specific circumstances of the loan.

For certain C&I loans (including equipment financing agreements and direct financing leases), the Company’s credit quality indicator is performance determined by delinquency status. Delinquency status is updated daily by the Company’s loan system.

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of March 31, 2025:


		As of March 31, 2025
		Term Loans
		Amortized Cost Basis by Origination Year
																				Revolving
																				Loans
Internally Assigned																				Amortized
Risk Rating		2025			2024			2023			2022			2021			Prior			Cost Basis			Total

		(dollars in thousands)
C&I - revolving
Pass		$	—		$	—		$	—		$	—		$	—		$	—		$	371,632		$	371,632
Special Mention			—			—			—			—			—			—			10,300			10,300
Substandard			—			—			—			—			—			—			6,547			6,547
Doubtful			—			—			—			—			—			—			—			—
Total C&I - revolving		$	—		$	—		$	—		$	—		$	—		$	—		$	388,479		$	388,479

C&I - other
Pass		$	78,405		$	251,383		$	335,627		$	194,433		$	76,302		$	198,808		$	—		$	1,134,958
Special Mention			4,354			2,359			807			899			2,148			680			—			11,247
Substandard			4,377			14,370			630			499			3,056			4,772			—			27,704
Doubtful			—			—			—			—			—			—			—			—
Total C&I - other		$	87,136		$	268,112		$	337,064		$	195,831		$	81,506		$	204,260		$	—		$	1,173,909

CRE - owner occupied
Pass		$	16,505		$	63,424		$	108,137		$	112,852		$	97,366		$	152,871		$	8,458		$	559,613
Special Mention			4,171			—			23			1,852			5,655			2,246			—			13,947
Substandard			544			4,919			691			963			1,339			17,472			—			25,928
Doubtful			—			—			—			—			—			—			—			—
Total CRE - owner occupied		$	21,220		$	68,343		$	108,851		$	115,667		$	104,360		$	172,589		$	8,458		$	599,488

CRE - non-owner occupied
Pass		$	58,989		$	192,192		$	167,883		$	244,801		$	154,288		$	172,959		$	19,172		$	1,010,284
Special Mention			4,217			1,059			—			384			562			6,825			—			13,047
Substandard			1,763			80			3,644			—			—			11,463			—			16,950
Doubtful			—			—			—			—			—			—			—			—
Total CRE - non-owner occupied		$	64,969		$	193,331		$	171,527		$	245,185		$	154,850		$	191,247		$	19,172		$	1,040,281

Construction and land development
Pass		$	32,968		$	476,119		$	571,563		$	233,936		$	65,051		$	53		$	33,502		$	1,413,192
Special Mention			—			1,529			—			—			74			—			—			1,603
Substandard			201			4,118			94			—			—			—			—			4,413
Doubtful			—			—			—			—			—			—			—			—
Total Construction and land development		$	33,169		$	481,766		$	571,657		$	233,936		$	65,125		$	53		$	33,502		$	1,419,208

Multi-family
Pass		$	67,766		$	136,144		$	136,053		$	268,427		$	184,525		$	375,318		$	7,712		$	1,175,945
Special Mention			2,334			—			—			—			—			—			—			2,334
Substandard			—			—			—			—			20			—			—			20
Doubtful			—			—			—			—			—			—			—			—
Total Multi-family		$	70,100		$	136,144		$	136,053		$	268,427		$	184,545		$	375,318		$	7,712		$	1,178,299

1-4 family real estate
Pass		$	30,775		$	109,881		$	112,805		$	86,923		$	105,360		$	135,563		$	5,008		$	586,315
Special Mention			1,535			555			146			—			541			8			—			2,785
Substandard			—			20			448			653			531			1,349			26			3,027
Doubtful			—			—			—			—			—			—			—			—
Total 1-4 family real estate		$	32,310		$	110,456		$	113,399		$	87,576		$	106,432		$	136,920		$	5,034		$	592,127

Consumer
Pass		$	3,998		$	9,455		$	11,828		$	5,329		$	1,047		$	3,569		$	110,659		$	145,885
Special Mention			—			—			—			—			—			—			64			64
Substandard			—			—			225			37			—			34			148			444
Doubtful			—			—			—			—			—			—			—			—
Total Consumer		$	3,998		$	9,455		$	12,053		$	5,366		$	1,047		$	3,603		$	110,871		$	146,393

Total		$	312,902		$	1,267,607		$	1,450,604		$	1,151,988		$	697,865		$	1,083,990		$	573,228		$	6,538,184


		As of March 31, 2025
		Term Loans
		Amortized Cost Basis by Origination Year																		Revolving
																				Loans
																				Amortized
Delinquency Status *		2025			2024			2023			2022			2021			Prior			Cost Basis			Total

		(dollars in thousands)
C&I - other
Performing		$	3,746		$	97,031		$	89,290		$	48,764		$	15,314		$	2,943		$	—		$	257,088
Nonperforming			—			1,735			4,563			4,963			1,773			88			—			13,122
Total C&I - other		$	3,746		$	98,766		$	93,853		$	53,727		$	17,087		$	3,031		$	—		$	270,210

Direct financing leases
Performing		$	106	$		715	$		6,361	$		5,663	$		1,159	$		564		$	—		$	14,568
Nonperforming			—			—			59			64			35			47			—			205
Total Direct financing leases		$	106		$	715		$	6,420		$	5,727		$	1,194		$	611		$	—		$	14,773

Total		$	3,852		$	99,481		$	100,273		$	59,454		$	18,281		$	3,642		$	—		$	284,983

* Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual and accruing loans/leases that are greater than or equal to 90 days past due.

The following table shows the gross charge-offs of loans and leases by class of receivable and year of origination for the three months ended March 31, 2025 and 2024:


		Three Months Ended March 31, 2025																					Three Months Ended March 31, 2024
		Gross Charge-off by Origination Year																					Gross Charge-off by Origination Year
Classes of Loans/Leases		2025			2024			2023			2022			2021			Prior			Total			2024			2023			2022			2021			2020			Prior			Total

		(dollars in thousands)																					(dollars in thousands)
C&I:
C&I - revolving		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
C&I - other			—			1,357			1,240			1,664			316			110			4,687			7			678			2,033			522			33			176			3,449
CRE - owner occupied			—			—			—			—			—			—			—			—			—			—			—			—			—			—
CRE - non-owner occupied			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Construction and land development			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Multi-family			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Direct financing leases			—			136			39			10			—			6			191			—			—			10			24			42			13			89
1-4 family real estate			—			3			—			23			—			—			26			—			—			—			—			—			3			3
Consumer			—			—			40			—			—			—			40			—			—			19			—			—			—			19
		$	—		$	1,496		$	1,319		$	1,697		$	316		$	116		$	4,944		$	7		$	678		$	2,062		$	546		$	75		$	192		$	3,560

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of December 31, 2024:


		As of December 31, 2024
		Term Loans
		Amortized Cost Basis by Origination Year
																				Revolving
																				Loans
Internally Assigned																				Amortized
Risk Rating		2024			2023			2022			2021			2020			Prior			Cost Basis			Total

		(dollars in thousands)
C&I - revolving
Pass		$	—		$	—		$	—		$	—		$	—		$	—		$	368,318		$	368,318
Special Mention			—			—			—			—			—			—			16,369			16,369
Substandard			—			—			—			—			—			—			3,304			3,304
Doubtful			—			—			—			—			—			—			—			—
Total C&I - revolving		$	—		$	—		$	—		$	—		$	—		$	—		$	387,991		$	387,991

C&I - other
Pass		$	324,649		$	348,843		$	204,275		$	82,601		$	49,130		$	155,191		$	—		$	1,164,689
Special Mention			6,517			5,534			2,855			4,799			2,548			725			—			22,978
Substandard			17,003			538			507			1,272			—			4,780			—			24,100
Doubtful			—			—			—			—			—			—			—			—
Total C&I - other		$	348,169		$	354,915		$	207,637		$	88,672		$	51,678		$	160,696		$	—		$	1,211,767

CRE - owner occupied
Pass		$	65,054		$	104,442		$	117,215		$	102,506		$	95,349		$	69,382		$	13,327		$	567,275
Special Mention			5,589			234			739			6,964			822			1,829			—			16,177
Substandard			3,669			—			980			309			16,582			1,001			—			22,541
Doubtful			—			—			—			—			—			—			—			—
Total CRE - owner occupied		$	74,312		$	104,676		$	118,934		$	109,779		$	112,753		$	72,212		$	13,327		$	605,993

CRE - non-owner occupied
Pass		$	194,510		$	204,599		$	272,296		$	164,948		$	96,216		$	95,117		$	20,548		$	1,048,234
Special Mention			4,406			—			55			—			—			6,844			150			11,455
Substandard			80			3,652			550			—			1,916			11,965			—			18,163
Doubtful			—			—			—			—			—			—			—			—
Total CRE - non-owner occupied		$	198,996		$	208,251		$	272,901		$	164,948		$	98,132		$	113,926		$	20,698		$	1,077,852

Construction and land development
Pass		$	435,373		$	524,375		$	235,987		$	66,409		$	3,313		$	—		$	31,176		$	1,296,633
Special Mention			3,863			—			—			75			—			—			—			3,938
Substandard			4,394			124			1,082			7,372			—			—			—			12,972
Doubtful			—			—			—			—			—			—			—			—
Total Construction and land development		$	443,630		$	524,499		$	237,069		$	73,856		$	3,313		$	—		$	31,176		$	1,313,543

Multi-family
Pass		$	137,806		$	138,011		$	279,256		$	185,872		$	217,697		$	165,867		$	7,578		$	1,132,087
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			23			—			—			—			23
Doubtful			—			—			—			—			—			—			—			—
Total Multi-family		$	137,806		$	138,011		$	279,256		$	185,895		$	217,697		$	165,867		$	7,578		$	1,132,110

1-4 family real estate
Pass		$	121,918		$	115,491		$	89,073		$	108,998		$	77,540		$	64,015		$	5,106		$	582,141
Special Mention			380			146			—			547			—			1,582			—			2,655
Substandard			91			327			981			634			378			944			28			3,383
Doubtful			—			—			—			—			—			—			—			—
Total 1-4 family real estate		$	122,389		$	115,964		$	90,054		$	110,179		$	77,918		$	66,541		$	5,134		$	588,179

Consumer
Pass		$	11,513		$	13,375		$	6,082		$	1,254		$	2,435		$	1,519		$	110,042		$	146,220
Special Mention			—			—			—			—			—			—			64			64
Substandard			34			208			39			—			—			97			66			444
Doubtful			—			—			—			—			—			—			—			—
Total Consumer		$	11,547		$	13,583		$	6,121		$	1,254		$	2,435		$	1,616		$	110,172		$	146,728

Total		$	1,336,849		$	1,459,899		$	1,211,972		$	734,583		$	563,926		$	580,858		$	576,076		$	6,464,163


		As of December 31, 2024
		Term Loans
		Amortized Cost Basis by Origination Year																		Revolving
																				Loans
																				Amortized
Delinquency Status *		2024			2023			2022			2021			2020			Prior			Cost Basis			Total

		(dollars in thousands)
C&I - other
Performing		$	109,373	$		99,204	$		57,819	$		18,853	$		4,107	$		278		$	—		$	289,634
Nonperforming			1,028			4,689			5,537			2,076			201			—			—			13,531
Total C&I - other		$	110,401		$	103,893		$	63,356		$	20,929		$	4,308		$	278		$	—		$	303,165

Direct financing leases
Performing		$	1,742	$		6,099	$		6,583	$		1,413	$		569	$		411		$	—		$	16,817
Nonperforming			—			103			70			39			46			1			—			259
Total Direct financing leases		$	1,742		$	6,202		$	6,653		$	1,452		$	615		$	412		$	—		$	17,076

Total		$	112,143		$	110,095		$	70,009		$	22,381		$	4,923		$	690		$	—		$	320,241

* Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual and accruing loans/leases that are greater than or equal to 90 days past due.

There were no loan and lease modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2025. Any loan and lease modifications to borrowers experiencing financial difficulty during 2024 were deemed immaterial.

Changes in the ACL for OBS exposures for the three months ended March 31, 2025 and 2024 are presented as follows:


	Three Months Ended
	March 31, 2025			March 31, 2024

	(dollars in thousands)

Balance, beginning	$	8,273		$	9,529
Provisions (credited) to expense		(509)			(322)
Balance, ending	$	7,764		$	9,207