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Note 6 - Loans and the Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  March 31, 2025  December 31, 2024 
  

(dollars in thousands)

 

Commercial

 $1,492,920  $1,532,730 

Commercial real estate

  5,837,671   5,880,679 

Commercial construction

  617,593   616,246 

Residential real estate

  256,555   249,691 

Consumer

  1,604   1,136 

Gross loans

  8,206,343   8,280,482 

Net deferred loan fees

  (5,209)  (5,672)

Total loans receivable

 $8,201,134  $8,274,810 
Schedule of Loans Held-for-sale [Table Text Block]
  

March 31, 2025

  

December 31, 2024

 
  

(dollars in thousands)

 

Residential real estate

 $202  $743 
Financing Receivable, Nonaccrual [Table Text Block]
  

March 31, 2025

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,809  $14,372  $16,181 

Commercial real estate

  666   28,443   29,109 

Commercial construction

  -   2,204   2,204 

Residential real estate

  324   2,042   2,366 

Total

 $2,799  $47,061  $49,860 
  

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 
Financing Receivable Origination And Risk Designation [Table Text Block]
  

Term loans amortized cost basis by origination year

       
  

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving Loans

  

Total Gross Loans

 

Commercial

                                

Pass

 $28,946  $62,146  $151,217  $190,275  $230,187  $129,297  $642,514  $1,434,582 

Special mention

  -   1,902   -   351   -   6,681   -   8,934 

Substandard

  -   -   2,974   6,247   2,609   19,040   18,534   49,404 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial

 $28,946  $64,048  $154,191  $196,873  $232,796  $155,018  $661,048  $1,492,920 

YTD gross charge-offs

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

Commercial real estate

                                

Pass

 $113,550  $390,234  $268,061  $1,403,487  $1,468,708  $1,649,401  $378,792  $5,672,233 

Special mention

  -   -   -   51,366   1,309   74,735   -   127,410 

Substandard

  -   -   -   1,448   4,229   32,351   -   38,028 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial real estate

 $113,550  $390,234  $268,061  $1,456,301  $1,474,246  $1,756,487  $378,792  $5,837,671 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $3,555  $-  $3,555 
                                 

Commercial construction

                                

Pass

 $-  $25,440  $-  $2,137  $8,954  $6,236  $572,622  $615,389 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

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

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial construction

 $-  $25,440  $-  $2,137  $8,954  $6,236  $574,826  $617,593 

YTD gross charge-offs

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

Residential real estate

                                

Pass

 $8,979  $20,915  $14,486  $38,961  $21,758  $110,309  $35,389  $250,797 

Special mention

  -   -   -   -   -   631   2,762   3,393 

Substandard

  -   -   -   633   -   1,506   226   2,365 

Doubtful

  -   -   -   -   -   -   -   - 

Total residential real estate

 $8,979  $20,915  $14,486  $39,594  $21,758  $112,446  $38,377  $256,555 

YTD gross charge-offs

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

Consumer

                                

Pass

 $1,473  $20  $23  $1  $-  $-  $87  $1,604 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total consumer

 $1,473  $20  $23  $1  $-  $-  $87  $1,604 

YTD gross charge-offs

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

Total

                                

Pass

 $152,948  $498,755  $433,787  $1,634,861  $1,729,607  $1,895,243  $1,629,404  $7,974,605 

Special mention

  -   1,902   -   51,717   1,309   82,047   2,762   139,737 

Substandard

  -   -   2,974   8,328   6,838   52,897   20,964   92,001 

Doubtful

  -   -   -   -   -   -   -   - 

Grand total

 $152,948  $500,657  $436,761  $1,694,906  $1,737,754  $2,030,187  $1,653,130  $8,206,343 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $3,555  $-  $3,555 
  

Term loans amortized cost basis by origination year

       
  

2024

  

2023

  

2022

  

2021

  2020  

Prior

  

Revolving Loans

  

Total 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 
Financing Receivable, Collateral Dependent [Table Text Block]
  

March 31, 2025

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $2,264  $9,118  $11,382 

Commercial real estate

  29,109   -   29,109 

Commercial construction

  2,204   -   2,204 

Residential real estate

  2,041   -   2,041 

Total

 $35,618  $9,118  $44,736 
  

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 
Financing Receivable, Past Due [Table Text Block]
  

March 31, 2025

 
  

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

 
  

(dollars in thousands)

 

Commercial

 $4,915  $-  $-  $16,181  $21,096  $1,471,824  $1,492,920 

Commercial real estate

  8,740   -   -   29,109   37,849   5,799,822   5,837,671 

Commercial construction

  -   -   -   2,204   2,204   615,389   617,593 

Residential real estate

  1,174   133   -   2,366   3,673   252,882   256,555 

Consumer

  -   -   -   -   -   1,604   1,604 

Total

 $14,829  $133  $-  $49,860  $64,822  $8,141,521  $8,206,343 
  

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

 
  

(dollars in thousands)

 

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 
Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]
  

March 31, 2025

 
  

Commercial

  Commercial real estate  

Commercial construction

  Residential real estate  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually analyzed

 $323  $33  $-  $-  $-  $356 

Collectively evaluated

  17,535   54,553   5,030   4,752   4   81,874 

Acquired with deteriorated credit quality

  173   -   -   -   -   173 

Total

 $18,031  $54,586  $5,030  $4,752  $4  $82,403 
                         

Gross loans

                        

Individually analyzed

 $15,599  $29,109  $2,204  $2,041  $-  $48,953 

Collectively evaluated

  1,476,908   5,808,562   615,389   254,514   1,604   8,156,977 

Acquired with deteriorated credit quality

  413   -   -   -   -   413 

Total

 $1,492,920  $5,837,671  $617,593  $256,555  $1,604  $8,206,343 
  

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 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Three Months Ended March 31, 2025

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2024

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

Charge-offs

  -   (3,555)  -   -   -   (3,555)

Recoveries

  155   -   -   -   -   155 

(Reversal of) provision for credit losses - loans

  (402)  3,364   (34)  191   (1)  3,118 

Balance as of March 31, 2025

 $18,031  $54,586  $5,030  $4,752  $4  $82,403 
  

Three Months Ended March 31, 2024

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of December 31, 2023

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

Charge-offs

  (300)  (2,885)  -   -   -   (3,185)

Recoveries

  23   -   -   -   -   23 

Provision for (reversal of) credit losses - loans

  380   3,401   272   6   (2)  4,057 

Balance as of March 31, 2024

 $20,735  $52,794  $5,011  $4,326  $3  $82,869 
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 March 31, 2025

  

Modification % (Modified Loans/Gross Loans)

 

March 31, 2025

                            

(dollars in thousands)

                            

Commercial

 $17,641  $-  $-  $333  $17,974  $1,492,920   1.20%

Commercial real estate

  -   -   63,804   -   63,804   5,837,671   1.09 

Residential real estate

  1,412   -   -   -   1,412   256,555   0.55 

Total

 $19,053  $-  $63,804  $333  $83,190  $7,587,146   1.10%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

March 31, 2025

                

(dollars in thousands)

                

Commercial

  6   -   -% $6 

Commercial real estate

  -   -   0.1   - 

Residential real estate

  136   -   -   - 

Total

  142   -   0.1% $6 
  

Amortized Cost Basis at Time of Modification

         
  

Term Extension

  

Payment Deferral

  

Interest Rate Reduction

  

Payment Reduction

  

Total

  

Gross Loans at March 31, 2024

  

Modification % (Modified Loans/Gross Loans)

 

March 31, 2024

                            

(dollars in thousands)

                            

Commercial

 $-  $126  $-  $-  $126  $1,572,494   0.01%

Commercial real estate

  -   -   -   -   -   5,829,950   - 

Residential real estate

  -   -   -   -   -   254,214   - 

Total

 $-  $126  $-  $-  $126  $7,656,658   0.00%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

March 31, 2024

                

(dollars in thousands)

                

Commercial

  -   3   -% $- 
Financing Receivable, Modified, Past Due [Table Text Block]
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

March 31, 2025

            

(dollars in thousands)

            

Commercial

 $17,974  $-  $- 

Commercial real estate

  63,804   -   - 

Residential real estate

  1,412   -   - 

Total

 $83,190  $-  $- 
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

March 31, 2024

            

(dollars in thousands)

            

Commercial

 $126  $-  $- 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

March 31,

  

March 31,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

Balance at beginning of period

 $2,627  $2,811 

Provision for (reversal of) credit losses - unfunded commitments

  382   (57)

Balance at end of period

 $3,009  $2,754 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

March 31,

  

March 31,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

Provision for credit losses – loans

 $3,118  $4,057 

Provision for (reversal of) credit losses - unfunded commitments

  382   (57)

Provision for credit losses

 $3,500  $4,000