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Loans
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loans Loans
Loans held-for-investment by portfolio type consist of the following as of:
March 31,
2025		December 31,
2024
Commercial and industrial$2,635,028 $2,497,772 
Commercial real estate:
Non-owner occupied733,949 752,861 
Owner occupied679,137 702,773 
Construction and land386,056 362,677 
Multifamily85,239 94,355 
Total commercial real estate1,884,381 1,912,666 
Residential real estate1,195,714 1,180,610 
Public finance551,252 554,784 
Consumer39,096 41,345 
Other178,537 189,180 
Total loans$6,484,008 $6,376,357 
Allowance for credit losses(91,790)(88,221)
Loans, net of allowance for credit losses$6,392,218 $6,288,136 
As of March 31, 2025 and December 31, 2024, we had net deferred fees, costs, premiums and discounts of $11,249 and $10,222, respectively, on our loan portfolio.
Accrued interest receivable on loans totaled $31,134 and $29,971 at March 31, 2025 and December 31, 2024, respectively, and is included in accrued interest receivable in the accompanying consolidated balance sheets.
The following table presents the activity in the allowance for credit losses by portfolio type for the three months ended March 31,:
Commercial
and
Industrial		Commercial
Real
Estate		Residential
Real
Estate		Public
Finance		ConsumerOtherTotal
2025
Allowance for credit losses:
Balance, beginning of period$37,912 $28,323 $15,450 $4,750 $750 $1,036 $88,221 
Provision (benefit) for credit losses5,283 (1,639)(262)493 98 227 4,200 
Loans charged off(643)— — — (169)— (812)
Recoveries119 — 23 — 39 — 181 
Balance, end of period$42,671 $26,684 $15,211 $5,243 $718 $1,263 $91,790 
2024
Allowance for credit losses:
Balance, beginning of period$29,523 $27,546 $16,345 $5,337 $717 $930 $80,398 
Provision (benefit) for credit losses16,066 1,787 (1,364)441 25 (95)16,860 
Loans charged off(17,366)— — — (140)— (17,506)
Recoveries47 — 8 — 22 — 77 
Balance, end of period$28,270 $29,333 $14,989 $5,778 $624 $835 $79,829 
We determine the allowance for credit losses estimate on at least a quarterly basis.
As of March 31, 2025 and December 31, 2024, we had an allowance for credit losses on unfunded commitments of $1,259 and $1,659, respectively. For the three months ended March 31, 2025 and 2024 we recorded a benefit from credit losses on unfunded commitments of $400 and $360, respectively.
The provision for credit losses, including the benefit for unfunded commitments, totaled $3,800 during the three months ended March 31, 2025.
The following table presents our loan portfolio aging analysis as of:
Loans
Not
Past Due		Loans
30-59 Days
Past Due		Loans
60-89 Days
Past Due		Loans Greater
than 90 Days
Past Due,
Still Accruing		NonaccrualTotal
March 31, 2025
Commercial and industrial$2,569,336 $16,206 $8,650 $— $40,836 $2,635,028 
Commercial real estate:
Non-owner occupied723,427 1,920 4,287 — 4,315 733,949 
Owner occupied675,832 59 — — 3,246 679,137 
Construction and land383,090 2,966 — — — 386,056 
Multifamily83,585 — — — 1,654 85,239 
Total commercial real estate1,865,934 4,945 4,287 — 9,215 1,884,381 
Residential real estate1,154,501 22,251 56 15 18,891 1,195,714 
Public Finance544,026 — — — 7,226 551,252 
Consumer39,071 9 — — 16 39,096 
Other175,465 681 — — 2,391 178,537 
Total loans$6,348,333 $44,092 $12,993 $15 $78,575 $6,484,008 
December 31, 2024
Commercial and industrial$2,462,455 $6,331 $672 $— $28,314 $2,497,772 
Commercial real estate:
Non-owner occupied748,237 274 — — 4,350 752,861 
Owner occupied697,639 1,856 — — 3,278 702,773 
Construction and land362,677 — — — — 362,677 
Multifamily92,681 — — — 1,674 94,355 
Total commercial real estate1,901,234 2,130 — — 9,302 1,912,666 
Residential real estate1,140,193 17,065 3,117 15 20,220 1,180,610 
Public Finance547,558 — — — 7,226 554,784 
Consumer41,245 36 — — 64 41,345 
Other177,727 7,156 388 1,518 2,391 189,180 
Total loans$6,270,412 $32,718 $4,177 $1,533 $67,517 $6,376,357 
Interest income recorded on nonperforming loans was not material for the three months ended March 31, 2025 and 2024.
Credit risk monitoring and management is a continuous process to manage the quality of the loan portfolio. We segment loans into risk categories based on relevant borrower risk profile information, including the ability of borrowers to service their debt based on current financial information, historical payment experience, credit documentation, public information and current economic trends among other factors. The risk rating system is used as a tool to analyze and monitor movements in loan portfolio quality.
Risk ratings meeting an internally specified exposure threshold are updated annually, or more frequently upon the occurrence of a circumstance that affects the credit risk of the loan. We use the following definitions for risk ratings:
Pass – Loans classified as Pass have a well-defined primary source of repayment, an acceptable financial position profile (including capitalization), profitability and minimal operating risk.
Pass/Watch – Pass/Watch loans require close attention by bank management and enhanced monitoring due to quantitative or qualitative concerns linked to adverse trends or near-term uncertainty. A covenant default or other type of requirement shortfall may have arisen subsequent to a loan's booking or borrower now shows signs of weakness in the overall base of confirmable financial resources available to repay the loan. However, overall financial capacity & performance are considered sufficient to support an expectation of continued payment performance and / or mitigating factors exist that are expected to limit the risk of near term default and loss.
Special Mention – Special Mention loans have identified potential weaknesses that are of sufficient materiality to require management’s (persistent) close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the bank's credit position under normal business operations. Special Mention loans contain greater than acceptable risk to warrant increases in credit exposure and are thus considered “criticized”, non-pass rated credits. They may contain weaknesses (that have arisen due to deteriorating conditions since origination) and / or underwriting exceptions that are not currently offset by mitigating factors. However, these weaknesses, while sufficient to constitute significantly elevated credit risk, are not sufficient to support a conclusion that the liquidation of the debt is in significant jeopardy.
Substandard - Accruing – Substandard - Accruing loans are inadequately protected by the current sound net worth and paying capacity of the obligor(s). Loans classified as Substandard - Accruing possess one or more well-defined weaknesses that are expected to jeopardize their liquidation but the weaknesses have not progressed to a point where recent late payments on the loan have become more than 90 days past due. These loans are characterized by the distinct possibility that the bank may sustain up to a moderate but not significant level of loss if such weaknesses are not corrected. Losses for Substandard - Accruing loans are moderated by the lower likelihood of ultimate default and the existence of relatively favorable secondary repayment protection. These loans are considered “nonperforming”.
Substandard - Nonaccrual – Substandard - Nonaccrual loans are inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any. Loans classified as Substandard - Nonaccrual possess material, well-defined weaknesses that are expected to jeopardize their liquidation and have progressed to a point where consistently late payments on the loan have become more than 90 or more days past due. These loans are characterized by the distinct possibility that the bank may sustain a material level of loss if such weaknesses are not corrected. Losses for Substandard - Nonaccrual loans are prone to being elevated based on the strong likelihood of the loan remaining in payment default and an undesirable level of secondary repayment protection. These loans are considered “nonperforming”.
Doubtful – Loans classified as Doubtful possess all of the weaknesses inherent in loans classified as Substandard - Nonaccrual with the added characteristic that the weaknesses make collection or liquidation in full highly questionable or improbable based on currently existing facts, conditions and values. A high probability of substantial loss or possible total loss exists. Loans rated as doubtful are not rated as loss because certain events may occur that could salvage at least a portion of the debt. These events include injections of capital, additions of pledged collateral or possible mezzanine debt refinancing options. However, without the occurrence of such events, total loss may be possible. No definite repayment schedule exists for these loans. The Doubtful grade is a temporary grade. If a near term recovery of a portion of the loan balance is indeterminable or unlikely to occur, the remaining balance of the loan should be written off and possible future recoveries may partially offset the full write-off of the loan. These loans are considered “nonperforming”.
Loss – Loans classified as Loss are defaulted loans with limited or immaterial recovery prospects. No loan that has not yet defaulted should be classified at this grade level. This rating level tends to be very short lived as the full balance of the loan tends to be fully written off nearly immediately after a change to this rating level. These loans are considered “nonperforming”.
The following table presents the amortized cost by segment of loans by risk category and origination date as of March 31, 2025 and gross charge-offs by origination date for the three months ended March 31, 2025:
20252024202320222021PriorRevolving Loans
Converted to Term		RevolvingTotal
Commercial and industrial:
Pass$236,767 $432,025 $234,884 $208,267 $170,954 $107,875 $52,443 $911,907 $2,355,122 
Pass/Watch— 1,650 12,663 49,098 23,438 5,850 200 21,817 114,716 
Special Mention— 276 10,150 20,871 15,865 1,781 1,599 6,578 57,120 
Substandard - Accruing— — 11,957 20,696 9,181 5,255 1,504 18,641 67,234 
Substandard - Nonaccrual— — 2,206 — 3,976 5,352 1,533 125 13,192 
Doubtful— — 1,256 22,978 — 122 1,544 1,744 27,644 
Total commercial and industrial$236,767 $433,951 $273,116 $321,910 $223,414 $126,235 $58,823 $960,812 $2,635,028 
Gross charge-offs$— $— $— $— $409 $234 $— $— $643 
Commercial real estate:
Non-owner occupied:
Pass$2,977 $42,082 $60,684 $99,969 $137,292 $302,304 $7,900 $21,159 $674,367 
Pass/Watch— — 1,879 1,501 10,520 9,742 — 17,640 41,282 
Substandard - Accruing— — 2,710 — 5,934 3,871 1,470 — 13,985 
Substandard - Nonaccrual— — — — — 4,315 — — 4,315 
Total non-owner occupied$2,977 $42,082 $65,273 $101,470 $153,746 $320,232 $9,370 $38,799 $733,949 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Owner occupied:
Pass$6,441 $101,587 $72,755 $49,287 $86,171 $266,249 $20,783 $11,017 $614,290 
Pass/Watch— — 2,509 5,777 5,455 11,198 — 795 25,734 
Special Mention— — — 2,254 402 7,942 — — 10,598 
Substandard - Accruing— — 9,707 868 — 14,694 — — 25,269 
Substandard - Nonaccrual— — — — 1,149 2,097 — — 3,246 
Total owner occupied$6,441 $101,587 $84,971 $58,186 $93,177 $302,180 $20,783 $11,812 $679,137 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction & land:
Pass$7,880 $26,651 $70,768 $196,037 $6,709 $7,799 $— $41,826 $357,670 
Pass/Watch— — — 3,453 — 12 — — 3,465 
Special Mention— — — 24,921 — — — — 24,921 
Total construction & land$7,880 $26,651 $70,768 $224,411 $6,709 $7,811 $— $41,826 $386,056 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Multifamily:
Pass$1,217 $4,389 $1,329 $28,388 $32,320 $10,430 $5,512 $— $83,585 
Substandard - Nonaccrual— — — 1,654 — — — — 1,654 
Total multifamily$1,217 $4,389 $1,329 $30,042 $32,320 $10,430 $5,512 $— $85,239 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
20252024202320222021PriorRevolving Loans
Converted to Term		RevolvingTotal
Total commercial real estate:
Pass$18,515 $174,709 $205,536 $373,681 $262,492 $586,782 $34,195 $74,002 $1,729,912 
Pass/Watch— — 4,388 10,731 15,975 20,952 — 18,435 70,481 
Special Mention— — — 27,175 402 7,942 — — 35,519 
Substandard - Accruing— — 12,417 868 5,934 18,565 1,470 — 39,254 
Substandard - Nonaccrual— — — 1,654 1,149 6,412 — — 9,215 
Total commercial real estate:$18,515 $174,709 $222,341 $414,109 $285,952 $640,653 $35,665 $92,437 $1,884,381 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Residential real estate:
Pass$98,764 $155,205 $554,865 $124,001 $37,338 $167,905 $2,393 $15,467 $1,155,938 
Pass/Watch— — 6,477 5,506 1,252 5,464 60 992 19,751 
Special Mention— — 635 — — 421 — — 1,056 
Substandard - Accruing— — — — — 78 — — 78 
Substandard - Nonaccrual209 — 9,426 724 1,072 7,374 58 28 18,891 
Total residential real estate$98,973 $155,205 $571,403 $130,231 $39,662 $181,242 $2,511 $16,487 $1,195,714 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Public Finance:
Pass$6,730 $30,490 $20,277 $— $42,567 $440,364 $— $3,598 $544,026 
Substandard - Nonaccrual— — — — — 7,226 — — 7,226 
Total public finance$6,730 $30,490 $20,277 $— $42,567 $447,590 $— $3,598 $551,252 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Consumer:
Pass$865 $3,310 $1,373 $1,176 $3,513 $11,443 $— $16,524 $38,204 
Pass/Watch30 — 8 33 151 596 1 56 875 
Special Mention— — — — 1 — — — 1 
Substandard - Nonaccrual— — 12 — 3 1 — — 16 
Total consumer$895 $3,310 $1,393 $1,209 $3,668 $12,040 $1 $16,580 $39,096 
Gross charge-offs$— $— $58 $6 $— $7 $— $98 $169 
Other:
Pass$445 $30,455 $18,813 $7,656 $10,214 $6,690 $25,021 $74,910 $174,204 
Pass/Watch— — — — 1,942 — — — 1,942 
Substandard - Nonaccrual— — — — — 2,391 — — 2,391 
Total other$445 $30,455 $18,813 $7,656 $12,156 $9,081 $25,021 $74,910 $178,537 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total loans:
Pass$362,086 $826,194 $1,035,748 $714,781 $527,078 $1,321,059 $114,052 $1,096,408 $5,997,406 
Pass/Watch30 1,650 23,536 65,368 42,758 32,862 261 41,300 207,765 
Special Mention— 276 10,785 48,046 16,268 10,144 1,599 6,578 93,696 
Substandard - Accruing— — 24,374 21,564 15,115 23,898 2,974 18,641 106,566 
Substandard - Nonaccrual209 — 11,644 2,378 6,200 28,756 1,591 153 50,931 
Doubtful— — 1,256 22,978 — 122 1,544 1,744 27,644 
Total loans$362,325 $828,120 $1,107,343 $875,115 $607,419 $1,416,841 $122,021 $1,164,824 $6,484,008 
Gross charge-offs$— $— $58 $6 $409 $241 $— $98 $812 
The following table presents the amortized cost by segment of loans by risk category and origination date as of December 31, 2024 and gross charge-offs by origination date for the year ended December 31, 2024:
20242023202220212020PriorRevolving Loans Converted to TermRevolvingTotal
Commercial and industrial:
Pass$490,655 $257,005 $255,402 $221,739 $67,636 $48,713 $76,821 $822,815 $2,240,786 
Pass/Watch1,469 17,131 29,927 19,200 4,373 2,343 322 19,994 94,759 
Special Mention277 13,796 22,630 3,740 345 664 1,901 3,772 47,125 
Substandard - Accruing928 6,359 27,244 22,543 2,862 3,236 6,339 17,277 86,788 
Substandard - Nonaccrual— 2,235 12,689 4,100 2,895 2,459 1,584 1,707 27,669 
Doubtful— — — — 415 — 230 — 645 
Total commercial and industrial$493,329 $296,526 $347,892 $271,322 $78,526 $57,415 $87,197 $865,565 $2,497,772 
Gross charge-offs$— $— $— $19,720 $269 $2 $630 $122 $20,743 
Commercial real estate:
Non-owner occupied:
Pass$40,289 $62,077 $101,213 $126,215 $137,151 $190,618 $7,919 $20,030 $685,512 
Pass/Watch— — 1,305 23,343 851 6,016 — 17,386 48,901 
Special Mention— — — 5,953 — — — — 5,953 
Substandard - Accruing— 2,711 — — 542 3,399 1,493 — 8,145 
Substandard - Nonaccrual— — — — — 4,350 — — 4,350 
Total non-owner occupied$40,289 $64,788 $102,518 $155,511 $138,544 $204,383 $9,412 $37,416 $752,861 
Gross charge-offs$— $— $— $— $270 $11 $— $— $281 
Owner occupied:
Pass$102,994 $78,583 $64,881 $88,399 $90,033 $177,733 $21,049 $5,273 $628,945 
Pass/Watch— 13,933 875 5,515 19,266 3,773 — — 43,362 
Special Mention— — 2,268 406 1,870 6,836 — — 11,380 
Substandard - Accruing— 577 446 — 2,516 12,269 — — 15,808 
Substandard - Nonaccrual— — — 1,167 — 2,111 — — 3,278 
Total owner occupied$102,994 $93,093 $68,470 $95,487 $113,685 $202,722 $21,049 $5,273 $702,773 
Gross charge-offs$— $— $— $— $— $194 $— $— $194 
Construction & land:
Pass$15,602 $54,903 $199,050 $6,749 $3,745 $4,414 $3,436 $29,998 $317,897 
Pass/Watch— — 3,351 — — 15 — — 3,366 
Special Mention— — 41,414 — — — — — 41,414 
Total construction & land$15,602 $54,903 $243,815 $6,749 $3,745 $4,429 $3,436 $29,998 $362,677 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Multifamily:
Pass$4,408 $1,338 $36,156 $32,878 $4,866 $7,502 $5,533 $— $92,681 
Substandard - Nonaccrual— — 1,674 — — — — — 1,674 
Total multifamily$4,408 $1,338 $37,830 $32,878 $4,866 $7,502 $5,533 $— $94,355 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
20242023202220212020PriorRevolving Loans Converted to TermRevolvingTotal
Total commercial real estate:
Pass$163,293 $196,901 $401,300 $254,241 $235,795 $380,267 $37,937 $55,301 $1,725,035 
Pass/Watch— 13,933 5,531 28,858 20,117 9,804 — 17,386 95,629 
Special Mention— — 43,682 6,359 1,870 6,836 — — 58,747 
Substandard - Accruing— 3,288 446 — 3,058 15,668 1,493 — 23,953 
Substandard - Nonaccrual— — 1,674 1,167 — 6,461 — — 9,302 
Total commercial real estate:$163,293 $214,122 $452,633 $290,625 $260,840 $419,036 $39,430 $72,687 $1,912,666 
Gross charge-offs$— $— $— $— $270 $205 $— $— $475 
Residential real estate:
Pass$141,409 $138,915 $549,022 $108,084 $35,720 $151,015 $2,405 $15,201 $1,141,771 
Pass/Watch— 1,405 4,731 4,148 90 6,151 62 994 17,581 
Special Mention— — 351 — — 601 — — 952 
Substandard - Accruing— — — — — 86 — — 86 
Substandard - Nonaccrual210 — 10,667 727 2,244 6,284 59 29 20,220 
Total residential real estate$141,619 $140,320 $564,771 $112,959 $38,054 $164,137 $2,526 $16,224 $1,180,610 
Gross charge-offs$— $— $— $— $— $38 $— $— $38 
Public Finance:
Pass$29,860 $19,986 $— $42,558 $130,447 $322,066 $— $2,641 $547,558 
Substandard - Nonaccrual— — — — — 7,226 — — 7,226 
Total public finance$29,860 $19,986 $— $42,558 $130,447 $329,292 $— $2,641 $554,784 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Consumer:
Pass$3,949 $1,610 $1,333 $3,793 $7,464 $4,695 $60 $17,665 $40,569 
Pass/Watch— 6 37 104 182 331 1 46 707 
Special Mention— — — 1 — — — — 1 
Substandard - Accruing— — — — — — 4 — 4 
Substandard - Nonaccrual— — — 58 4 2 — — 64 
Total consumer$3,949 $1,616 $1,370 $3,956 $7,650 $5,028 $65 $17,711 $41,345 
Gross charge-offs$3 $10 $6 $3 $147 $46 $15 $208 $438 
Other:
Pass$26,745 $18,892 $7,664 $10,621 $148 $8,339 $129 $110,891 $183,429 
Pass/Watch— — — 3,360 — — — — 3,360 
Substandard - Nonaccrual— — — — — 2,391 — — 2,391 
Total other$26,745 $18,892 $7,664 $13,981 $148 $10,730 $129 $110,891 $189,180 
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total loans:
Pass$855,911 $633,309 $1,214,721 $641,036 $477,210 $915,095 $117,352 $1,024,514 $5,879,148 
Pass/Watch1,469 32,475 40,226 55,670 24,762 18,629 385 38,420 212,036 
Special Mention277 13,796 66,663 10,100 2,215 8,101 1,901 3,772 106,825 
Substandard - Accruing928 9,647 27,690 22,543 5,920 18,990 7,836 17,277 110,831 
Substandard - Nonaccrual210 2,235 25,030 6,052 5,143 24,823 1,643 1,736 66,872 
Doubtful— — — — 415 — 230 — 645 
Total loans$858,795 $691,462 $1,374,330 $735,401 $515,665 $985,638 $129,347 $1,085,719 $6,376,357 
Gross charge-offs$3 $10 $6 $19,723 $686 $291 $645 $330 $21,694 
The following table presents information about collateral dependent loans that were individually evaluated for purposes of determining the ACL as of:
Collateral Dependent Loans
With Allowance		Collateral Dependent Loans
With No Related Allowance		Total Collateral
Dependent Loans
Amortized CostRelated AllowanceAmortized CostAmortized CostRelated Allowance
March 31, 2025
Commercial & industrial$33,513 $17,486 $7,323 $40,836 $17,486 
Commercial real estate:
Non-owner occupied3,647 132 668 4,315 132 
Owner occupied— — 3,246 3,246 — 
Multifamily— — 1,654 1,654 — 
Total commercial real estate3,647 132 5,568 9,215 132 
Residential real estate1,806 166 17,085 18,891 166 
Public Finance7,226 1,460 — 7,226 1,460 
Consumer13 13 3 16 13 
Other2,391 159 — 2,391 159 
Total loans$48,596 $19,416 $29,979 $78,575 $19,416 
December 31, 2024
Commercial & industrial$20,890 $8,460 $7,424 $28,314 $8,460 
Commercial real estate:
Non-owner occupied— — 4,350 4,350 — 
Owner occupied— — 3,278 3,278 — 
Construction and land— — — — — 
Total commercial real estate— — 9,302 9,302 — 
Residential real estate1,409 154 18,811 20,220 154 
Consumer64 64 — 64 64 
Other2,391 159 — 2,391 159 
Total loans$31,980 $10,297 $35,537 $67,517 $10,297 
The allowance related to collateral dependent loans reported in the tables above includes qualitative adjustments applied to the loan portfolio that consider possible changes in circumstances that could ultimately impact credit losses and might not be reflected in historical data or forecasted data incorporated in the quantitative models.
Loan Modifications Made to Borrowers Experiencing Financial Difficulty:
The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon origination. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. We use a PD/LGD model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made at the time of a modification. The loan modifications in the table below did not significantly impact our determination of the allowance for credit losses on loans during the three months ended March 31, 2025.
Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, we modify loans by providing principal forgiveness that is deemed to be uncollectible; therefore, that portion
of the loan is written-off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. Additionally, we may allow a loan to go interest only for a specified period of time.
The following table presents loan modifications for borrowers experiencing financial difficulty for the three months ended March 31, 2025 and 2024, segregated by modification type, regardless of whether such modifications resulted in a new loan.
Payment
Delay		Term
Extension		Interest Rate
Reduction		% of
Total Class
of Loans
March 31, 2025
Commercial and industrial$1,321 $— $— 0.1 %
Commercial real estate:
Owner occupied— — 1,198 0.2 %
Residential real estate— 771 — 0.1 %
Total loans$1,321 $771 $1,198 0.1 %
March 31, 2024
Commercial real estate:
Owner occupied$— $— $666 0.1 %
Residential real estate— 119 — — %
Total loans$— $119 $666 — %
There were no commitments to lend additional funds to these borrowers at March 31, 2025.
The financial effects of our loan modifications made to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and 2024 were not significant.
We closely monitor the performance of loan modifications made to borrowers experiencing financial difficulty to understand the effectiveness of the modification efforts. The following table depicts the performance of loan modifications made to borrowers experiencing financial difficulty that have been modified in the preceding 12 months:
Loans
Not
Past Due		Loans
30-59 Days
Past Due		Loans
60-89 Days
Past Due		Loans Greater
than 90 Days
Past Due,
Still Accruing		NonaccrualTotal
March 31, 2025
Commercial and industrial$1,511 $— $— $— $16,406 $17,917 
Commercial real estate:
Non-owner occupied— 1,920 — — — 1,920 
Owner occupied7,000 — — — — 7,000 
Total commercial real estate7,000 1,920 — — — 8,920 
Residential real estate771 — — — 927 1,698 
Total loans$9,282 $1,920 $— $— $17,333 $28,535 
March 31, 2024
Commercial and industrial$— $— $— $— $283 $283 
Commercial real estate:
Owner occupied1,139 — — — 638 1,777 
Total loans$1,139 $— $— $— $921 $2,060