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Note 6 - Loans and the Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  June 30, 2025  December 31, 2024 
  

(dollars in thousands)

 

Commercial

 $1,607,528  $1,532,730 

Commercial real estate

  7,624,033   5,880,679 

Commercial construction

  681,222   616,246 

Residential real estate

  1,254,646   249,691 

Consumer

  1,709   1,136 

Gross loans

  11,169,138   8,280,482 

Net deferred loan fees

  (4,661)  (5,672)

Total loans receivable

 $11,164,477  $8,274,810 
Schedule of Loans Held-for-sale [Table Text Block]
  

June 30, 2025

  

December 31, 2024

 
  

(dollars in thousands)

 

Residential real estate

 $1,027  $743 
Financing Receivable, Nonaccrual [Table Text Block]
  

June 30, 2025

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $2,175  $11,295  $13,470 

Commercial real estate

  666   20,653   21,319 

Commercial construction

  -   2,204   2,204 

Residential real estate

  440   1,795   2,235 

Total

 $3,281  $35,947  $39,228 
  

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 
Schedule of Loans Purchase With Credit Deterioration [Table Text Block]

(dollars in thousands)

 

June 30, 2025

 

Commercial

 $7,443 

Commercial real estate

  228,576 

Commercial construction

   

Residential real estate

  1,822 

Consumer

   

Total purchased credit-deteriorated loans

  237,841 
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

 $61,680  $87,123  $142,634  $196,011  $228,357  $123,836  $712,620  $1,552,261 

Special mention

  -   1,896   -   314   -   4,999   596   7,805 

Substandard

  -   -   3,857   4,576   2,603   18,771   17,655   47,462 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial

 $61,680  $89,019  $146,491  $200,901  $230,960  $147,606  $730,871  $1,607,528 

YTD gross charge-offs

 $-  $-  $-  $1,669  $-  $467  $875  $3,011 
                                 

Commercial real estate

                                

Pass

 $291,020  $471,351  $376,511  $1,779,950  $1,864,697  $2,210,694  $422,045  $7,416,268 

Special mention

  -   4,051   -   47,290   841   77,477   -   129,659 

Substandard

  -   -   -   15,069   8,265   54,772   -   78,106 

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial real estate

 $291,020  $475,402  $376,511  $1,842,309  $1,873,803  $2,342,943  $422,045  $7,624,033 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $5,582  $-  $5,582 
                                 

Commercial construction

                                

Pass

 $487  $25,440  $-  $3,663  $-  $4,362  $645,066  $679,018 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

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

Doubtful

  -   -   -   -   -   -   -   - 

Total commercial construction

 $487  $25,440  $-  $3,663  $-  $4,362  $647,270  $681,222 

YTD gross charge-offs

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

Residential real estate

                                

Pass

 $28,589  $26,696  $39,426  $261,820  $167,204  $663,073  $60,522  $1,247,330 

Special mention

  -   -   -   -   -   627   2,750   3,377 

Substandard

  -   -   -   632   -   3,174   133   3,939 

Doubtful

  -   -   -   -   -   -   -   - 

Total residential real estate

 $28,589  $26,696  $39,426  $262,452  $167,204  $666,874  $63,405  $1,254,646 

YTD gross charge-offs

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

Consumer

                                

Pass

 $1,554  $19  $21  $-  $-  $-  $115  $1,709 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total consumer

 $1,554  $19  $21  $-  $-  $-  $115  $1,709 

YTD gross charge-offs

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

Total

                                

Pass

 $383,330  $610,629  $558,592  $2,241,444  $2,260,258  $3,001,965  $1,840,368  $10,896,586 

Special mention

  -   5,947   -   47,604   841   83,103   3,346   140,841 

Substandard

  -   -   3,857   20,277   10,868   76,717   19,992   131,711 

Doubtful

  -   -   -   -   -   -   -   - 

Grand total

 $383,330  $616,576  $562,449  $2,309,325  $2,271,967  $3,161,785  $1,863,706  $11,169,138 

YTD gross charge-offs

 $-  $-  $-  $1,669  $-  $6,049  $876  $8,594 
  

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]
  

June 30, 2025

 
  Real Estate  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $9,023  $9,246  $18,269 

Commercial real estate

  249,896   -   249,896 

Commercial construction

  2,204   -   2,204 

Residential real estate

  3,858   -   3,858 

Total

 $264,981  $9,246  $274,227 
  

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]
  

June 30, 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

 $151  $409  $-  $13,470  $14,030  $1,593,498  $1,607,528 

Commercial real estate

  -   12,800   -   21,319   34,119   7,589,914   7,624,033 

Commercial construction

  -   -   -   2,204   2,204   679,018   681,222 

Residential real estate

  227   930   -   2,235   3,392   1,251,254   1,254,646 

Consumer

  -   -   -   -   -   1,709   1,709 

Total

 $378  $14,139  $-  $39,228  $53,745  $11,115,393  $11,169,138 
  

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]
  

June 30, 2025

 
  

Commercial

  Commercial real estate  

Commercial construction

  Residential real estate  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses – loans

                        

Individually analyzed

 $641  $33  $-  $-  $-  $674 

Collectively evaluated

  19,358   72,914   5,422   14,461   29   112,184 

Acquired with deteriorated credit quality

  962   42,256   -   114   -   43,332 

Total

 $20,961  $115,203  $5,422  $14,575  $29  $156,190 
                         

Gross loans

                        

Individually analyzed

 $12,908  $21,320  $2,204  $2,036  $-  $38,468 

Collectively evaluated

  1,587,178   7,374,137   679,018   1,250,788   1,709   10,892,830 

Acquired with deteriorated credit quality

  7,442   228,576   -   1,822   -   237,840 

Total

 $1,607,528  $7,624,033  $681,222  $1,254,646  $1,709  $11,169,138 
  

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 June 30, 2025

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of March 31, 2025

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

Charge-offs

  (3,011)  (2,027)  -   -   (1)  (5,039)

Recoveries

  23   90   -   5   -   118 

Provision for credit losses - loans:

                        

Initial provision related to acquisition

  985   16,017   78   10,217   10   27,307 

Operating provision for credit losses

  3,968   4,281   314   (514)  16   8,065 

Nonaccretable credit marks on PCD loans

  965   42,256   -   115   -   43,336 

Balance as of June 30, 2025

 $20,961  $115,203  $5,422  $14,575  $29  $156,190 
  

Six Months Ended June 30, 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

  (3,011)  (5,582)  -   -   (1)  (8,594)

Recoveries

  178   90   -   5   -   273 

Provision for credit losses - loans:

                        

Initial provision related to acquisition - loans

  985   16,017   78   10,217   10   27,307 

Operating provision for credit losses

  3,566   7,645   280   (323)  15   11,183 

Nonaccretable credit marks on PCD loans

  965   42,256   -   115   -   43,336 

Balance as of June 30, 2025

 $20,961  $115,203  $5,422  $14,575  $29  $156,190 
  

Three Months Ended June 30, 2024

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of March 31, 2024

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

Charge-offs

  -   (3,595)  -   -   -   (3,595)

Recoveries

  324   -   -   -   -   324 

(Reversal of) provision for credit losses – loans

  (1,039)  3,899   (539)  158   -   2,479 

Balance as of June 30, 2024

 $20,020  $53,098  $4,472  $4,484  $3  $82,077 
  

Six Months Ended June 30, 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)  (6,480)  -   -   -   (6,780)

Recoveries

  347   -   -   -   -   347 

(Reversal of) provision for credit losses – loans

  (659)  7,300   (267)  164   (2)  6,536 

Balance as of June 30, 2024

 $20,020  $53,098  $4,472  $4,484  $3  $82,077 
Financing Receivable, Modified [Table Text Block]
  

Amortized Cost Basis at Time of Modification

         
  

Term Extension

  

Payment Deferral

  

Total

  

Gross Loans at June 30, 2025

  

Modification % (Modified Loans/

Gross Loans)

 

June 30, 2025

                    

(dollars in thousands)

                    

Commercial

 $6,491  $19,461  $25,952  $1,607,528   1.61%

Commercial real estate

  -   -   -   7,624,033   - 

Commercial construction

  8,419   -   8,419   681,222   1.24 

Residential real estate

  -   -   -   1,254,646   - 

Consumer

  -   -   -   1,709   - 

Total

 $14,910  $19,461  $34,371  $11,169,138   0.31%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

 

June 30, 2025

        

Commercial

  3   3 

Commercial real estate

  -   - 

Commercial construction

  6   - 

Residential real estate

  -   - 

Consumer

  -   - 

 

Financing Receivable, Modified, Past Due [Table Text Block]
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

June 30, 2025

            

(dollars in thousands)

            

Commercial

 $26,285  $-  $- 

Commercial real estate

  63,804   -   - 

Commercial construction

  8,419   -   - 

Residential real estate

  -   -   - 

Consumer

  -   -   - 

Total

 $98,508  $-  $- 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

Balance at beginning of period

 $3,009  $2,754 

Provision for credit losses – unfunded commitments

  328   21 

Balance at end of period

 $3,337  $2,775 
  

Six Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

Balance at beginning of period

 $2,627  $2,811 

Provision for (reversal of) allowance for credit losses – unfunded commitments

  710   (36)

Balance at end of period

 $3,337  $2,775 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
  

Three Months Ended

  

Three Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

Provision for credit losses – loans

 $8,065  $2,479 

Initial provision related to acquisition - loans

  27,307   - 

Provision for credit losses - unfunded commitments

  328   21 

Provision for credit losses

 $35,700  $2,500 
  

Six Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

Provision for credit losses – loans

 $11,183  $6,536 

Initial provision related to acquisition - loans

  27,307   - 

Provision for (reversal of) credit losses - unfunded commitments

  710   (36)

Provision for credit losses

 $39,200  $6,500