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Note 5 - Loans and the Allowance for Credit Losses (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

2024

  

2023

 
  

(dollars in thousands)

 

Commercial

 $1,532,730  $1,578,730 

Commercial real estate

  5,880,679   5,895,545 

Commercial construction

  616,246   620,496 

Residential real estate

  249,691   256,041 

Consumer

  1,136   1,029 

Gross loans

  8,280,482   8,351,841 

Net deferred fees

  (5,672)  (6,696)

Loans receivable

 $8,274,810  $8,345,145 
Schedule of Loans Held-for-sale [Table Text Block]
  

2024

  

2023

 
  

(dollars in thousands)

 

Residential real estate

 $743  $- 
Financing Receivable, Nonaccrual [Table Text Block]
  

December 31, 2024

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,744  $14,487  $16,231 

Commercial real estate

  3,822   32,664   36,486 

Commercial construction

  -   2,204   2,204 

Residential real estate

  333   2,056   2,389 

Total

 $5,899  $51,411  $57,310 
  

December 31, 2023

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,763  $11,064  $12,827 

Commercial real estate

  8,013   28,179   36,192 

Residential real estate

  1,033   2,472   3,505 

Total

 $10,809  $41,715  $52,524 
Financing Receivable Origination And Risk Designation [Table Text Block]
  

Term loans amortized cost basis by origination year

         
                          

Revolving

  

Total

 
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $67,298  $157,067  $194,602  $237,065  $29,717  $111,841  $678,206  $1,475,796 

Special mention

  1,908   -   2,817   2,538   1,643   6,209   17,491   32,606 

Substandard

  -   3,019   3,705   217   -   15,844   1,543   24,328 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $69,206  $160,086  $201,124  $239,820  $31,360  $133,894  $697,240  $1,532,730 

YTD gross charge-offs

 $-  $-  $1,003  $49  $-  $316  $1,918  $3,286 
                                 

Commercial real estate

                                

Pass

 $408,314  $268,533  $1,424,209  $1,510,087  $339,553  $1,357,858  $415,286  $5,723,840 

Special mention

  -   -   53,642   -   -   59,719   -   113,361 

Substandard

  -   -   3,822   1,846   1,752   36,058   -   43,478 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial real estate

 $408,314  $268,533  $1,481,673  $1,511,933  $341,305  $1,453,635  $415,286  $5,880,679 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $10,416  $-  $10,416 
                                 

Commercial construction

                                

Pass

 $15,390  $-  $2,137  $8,995  $6,518  $-  $581,002  $614,042 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   2,204   2,204 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial construction

 $15,390  $-  $2,137  $8,995  $6,518  $-  $583,206  $616,246 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $17,763  $14,542  $39,197  $21,925  $17,339  $96,657  $36,471  $243,894 

Special mention

  -   -   -   -   -   635   2,773   3,408 

Substandard

  -   -   633   -   1,157   364   235   2,389 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential real estate

 $17,763  $14,542  $39,830  $21,925  $18,496  $97,656  $39,479  $249,691 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Consumer

                                

Pass

 $1,015  $24  $1  $-  $-  $-  $96  $1,136 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,015  $24  $1  $-  $-  $-  $96  $1,136 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Total

                                

Pass

 $509,780  $440,166  $1,660,146  $1,778,072  $393,127  $1,566,356  $1,711,061  $8,058,708 

Special mention

  1,908   -   56,459   2,538   1,643   66,563   20,264   149,375 

Substandard

  -   3,019   8,160   2,063   2,909   52,266   3,982   72,399 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $511,688  $443,185  $1,724,765  $1,782,673  $397,679  $1,685,185  $1,735,307  $8,280,482 

YTD gross charge-offs

 $-  $-  $1,003  $49  $-  $10,732  $1,918  $13,702 
  

Term loans amortized cost basis by origination year

  

Revolving

  

Total

 
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $178,582  $252,151  $265,705  $38,909  $13,726  $112,145  $684,779  $1,545,997 

Special mention

  -   10,620   -   -   562   3,417   3,199   17,798 

Substandard

  250   439   241   1   612   11,695   1,697   14,935 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $178,832  $263,210  $265,946  $38,910  $14,900  $127,257  $689,675  $1,578,730 

YTD gross charge-offs

 $54  $3,397  $-  $-  $280  $11,094  $63  $14,888 
                                 

Commercial real estate

                                

Pass

 $248,660  $1,561,841  $1,585,109  $352,445  $353,391  $1,232,240  $497,588  $5,831,274 

Special mention

  -   -   -   -   -   24,202   -   24,202 

Substandard

  -   -   1,888   -   1,255   20,141   16,785   40,069 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial real estate

 $248,660  $1,561,841  $1,586,997  $352,445  $354,646  $1,276,583  $514,373  $5,895,545 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $2,142  $-  $2,142 
                                 

Commercial construction

                                

Pass

 $582  $5,463  $15,645  $6,236  $-  $-  $583,870  $611,796 

Special mention

  -   -   -   -   -   -   8,700   8,700 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial construction

 $582  $5,463  $15,645  $6,236  $-  $-  $592,570  $620,496 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $15,455  $42,830  $21,987  $21,704  $19,896  $91,114  $36,082  $249,068 

Special mention

  -   -   -   -   -   651   2,817   3,468 

Substandard

  -   -   555   -   -   2,144   806   3,505 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential real estate

 $15,455  $42,830  $22,542  $21,704  $19,896  $93,909  $39,705  $256,041 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $18  $18 
                                 

Consumer

                                

Pass

 $849  $83  $-  $5  $-  $-  $92  $1,029 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $849  $83  $-  $5  $-  $-  $92  $1,029 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $1  $1 
                                 

Total

                                

Pass

 $444,128  $1,862,368  $1,888,446  $419,299  $387,013  $1,435,499  $1,802,411  $8,239,164 

Special mention

  -   10,620   -   -   562   28,270   14,716   54,168 

Substandard

  250   439   2,684   1   1,867   33,980   19,288   58,509 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $444,378  $1,873,427  $1,891,130  $419,300  $389,442  $1,497,749  $1,836,415  $8,351,841 

YTD gross charge-offs

 $54  $3,397  $-  $-  $280  $13,236  $82  $17,049 
Financing Receivable, Collateral Dependent [Table Text Block]
  

December 31, 2024

 
  

Real Estate

  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $2,308  $9,222  $11,530 

Commercial real estate

  36,486   -   36,486 

Commercial construction

  2,204   -   2,204 

Residential real estate

  2,056   -   2,056 

Total

 $43,054  $9,222  $52,276 
  

December 31, 2023

 
  

Real Estate

  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $4,949  $10,387  $15,336 

Commercial real estate

  39,986   -   39,986 

Commercial construction

  8,700   -   8,700 

Residential real estate

  5,941   -   5,941 

Total

 $59,576  $10,387  $69,963 
Financing Receivable, Past Due [Table Text Block]
  

December 31, 2024

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 

Commercial

 $1,340  $-  $-  $16,231  $17,571  $1,515,159  $1,532,730 

Commercial real estate

  -   -   -   36,486   36,486   5,844,193   5,880,679 

Commercial construction

  -   -   -   2,204   2,204   614,042   616,246 

Residential real estate

  1,991   -   -   2,389   4,380   245,311   249,691 

Consumer

  -   -   -   -   -   1,136   1,136 

Total

 $3,331  $-  $-  $57,310  $60,641  $8,219,841  $8,280,482 
  

December 31, 2023

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 

Commercial

 $555  $-  $-  $12,827  $13,382  $1,565,348  $1,578,730 

Commercial real estate

  527   -   -   36,192   36,719   5,858,826   5,895,545 

Commercial construction

  -   23,600   -   -   23,600   596,896   620,496 

Residential real estate

  275   226   -   3,505   4,006   252,035   256,041 

Consumer

  -   -   -   -   -   1,029   1,029 

Total

 $1,357  $23,826  $-  $52,524  $77,707  $8,274,134  $8,351,841 
Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]
  

December 31, 2024

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually analyzed

 $326  $909  $-  $-  $-  $1,235 

Collectively evaluated

  17,740   53,868   5,064   4,561   5   81,238 

Acquired with deteriorated credit quality

  212   -   -   -   -   212 

Total

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

Gross loans

                        

Individually analyzed

 $15,751  $36,486  $2,204  $2,056  $-  $56,497 

Collectively evaluated

  1,516,557   5,844,193   614,042   247,635   1,136   8,223,563 

Acquired with deteriorated credit quality

  422   -   -   -   -   422 

Total

 $1,532,730  $5,880,679  $616,246  $249,691  $1,136  $8,280,482 
  

December 31, 2023

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually analyzed

 $-  $941  $-  $-  $-  $941 

Collectively evaluated

  20,215   51,337   4,739   4,320   5   80,616 

Acquired with deteriorated credit quality

  417   -   -   -   -   417 

Total

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 

Gross loans

                        

Individually analyzed

 $15,336  $39,986  $8,700  $5,941  $-  $69,963 

Collectively evaluated

  1,562,910   5,855,559   611,796   250,100   1,029   8,281,394 

Acquired with deteriorated credit quality

  484   -   -   -   -   484 

Total

 $1,578,730  $5,895,545  $620,496  $256,041  $1,029  $8,351,841 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2024

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 

Charge-offs

  (3,286)  (10,416)  -   -   -   (13,702)

Recoveries

  392   31   -   6   -   429 

Provision for credit losses

  540   12,884   325   235   -   13,984 

Balance as of December 31, 2024

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2023

 $28,903  $53,742  $3,718  $4,143  $7  $90,513 

Charge-offs

  (14,888)  (2,142)  -   (18)  (1)  (17,049)

Recoveries

  10   -   -   68   8   86 

Provision for (reversal) of credit losses

  6,607   678   1,021   127   (9)  8,424 

Balance as of December 31, 2023

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2022

 $25,969  $45,589  $3,580  $3,628  $7  $78,773 

Charge-offs

  (2,612)  (2,819)  -   (9)  (3)  (5,443)

Recoveries

  54   -   -   63   -   117 

Provision for credit losses

  5,492   10,972   138   461   3   17,066 

Balance as of December 31, 2022

 $28,903  $53,742  $3,718  $4,143  $7  $90,513 
Financing Receivable, Modified [Table Text Block]
  

Amortized Cost Basis at Time of Modification

         
  

Term Extension

  

Payment Deferral

  

Interest Rate Reduction

  

Payment Reduction

  

Total

  

Gross Loans at December 31, 2024

  

Modification % (Modified Loans/Gross Loans)

 

December 31, 2024

                            

(dollars in thousands)

                            

Commercial

 $17,641  $126  $-  $333  $18,100  $1,532,730   1.18%

Commercial real estate

  -   -   63,804   -   63,804   5,880,679   1.08 

Residential real estate

  1,413   -   -   -   1,413   249,691   0.57 

Total

 $19,054  $126  $63,804  $333  $83,317  $7,663,100   1.09%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

December 31, 2024

                

(dollars in thousands)

                

Commercial

  6   3   -% $6 

Commercial real estate

  -   -   0.8   - 

Residential real estate

  136   -   -   - 

Total

  142   3   0.8% $6 
  

Amortized Cost Basis at Time of Modification

         
  

Term Extension

  

Payment Deferral

  

Interest Rate Reduction

  

Payment Reduction

  

Total

  

Gross Loans at December 31, 2023

  

Modification % (Modified Loans/Gross Loans)

 

December 31, 2023

                            

(dollars in thousands)

                            

Commercial

 $34  $10,283  $-  $-  $10,317  $1,578,730   0.65%

Commercial real estate

  209   -   7,272   -   7,481   5,895,545   0.13 

Total

 $243  $10,283  $7,272  $-  $17,798  $7,474,275   0.24%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

December 31, 2023

                

(dollars in thousands)

                

Commercial

  36   6   -% $- 

Commercial real estate

  180   -   1.9   - 

Total

  216   6   1.9% $- 
Financing Receivable, Modified, Past Due [Table Text Block]
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

December 31, 2024

            

(dollars in thousands)

            

Commercial

 $18,100  $-  $- 

Commercial real estate

  63,804   -   - 

Residential real estate

  1,413   -   - 

Total

 $83,317  $-  $- 
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

December 31, 2023

            

(dollars in thousands)

            

Commercial

 $10,317  $-  $- 

Commercial real estate

  7,481   -   - 

Total

 $17,798  $-  $- 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

2024

  

2023

 

Balance at beginning of period

 $2,811  $3,035 

Reversal of credit losses - unfunded commitments

  (184)  (224)

Balance at end of period

 $2,627  $2,811 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
         
  

2024

  

2023

 

Provision for credit losses – loans

 $13,984  $8,424 

Reversal of credit losses - unfunded commitments

  (184)  (224)

Provision for credit losses – total

 $13,800  $8,200