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Loans (Tables)
6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Loans Held for Investment
Loans held-for-investment by portfolio type consist of the following as of:
June 30,
2025
December 31,
2024
Commercial and industrial$2,651,646 $2,497,772 
Commercial real estate:
Non-owner occupied705,749 752,861 
Owner occupied662,120 702,773 
Construction and land383,969 362,677 
Multifamily134,520 94,355 
Total commercial real estate1,886,358 1,912,666 
Residential real estate1,226,760 1,180,610 
Public finance524,441 554,784 
Consumer43,080 41,345 
Other174,781 189,180 
Total loans$6,507,066 $6,376,357 
Allowance for credit losses(82,993)(88,221)
Loans, net of allowance for credit losses$6,424,073 $6,288,136 
Schedule of Allowance for Credit Losses by Portfolio Type
The following table presents the activity in the allowance for credit losses by portfolio type for the three months ended June 30,:
Commercial
and
Industrial
Commercial
Real
Estate
Residential
Real
Estate
Public
Finance
ConsumerOtherTotal
2025
Allowance for credit losses:
Balance, beginning of period$42,671 $26,684 $15,211 $5,243 $718 $1,263 $91,790 
Provision (benefit) for credit losses5,096 (1,203)38 (360)123 1,056 4,750 
Loans charged off(11,089)— — (1,680)(85)(743)(13,597)
Recoveries— — — 48 — 50 
Balance, end of period$36,680 $25,481 $15,249 $3,203 $804 $1,576 $82,993 
2024
Allowance for credit losses:
Balance, beginning of period$28,270 $29,333 $14,989 $5,778 $624 $835 $79,829 
Provision (benefit) for credit losses(1,025)581 1,031 143 171 239 1,140 
Loans charged off(2,261)— (38)— (161)— (2,460)
Recoveries414 — — 32 — 451 
Balance, end of period$25,398 $29,919 $15,982 $5,921 $666 $1,074 $78,960 
The following table presents the activity in the allowance for credit losses by portfolio type for the six months ended June 30,:
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 losses10,379 (2,842)(224)133 221 1,283 8,950 
Loans charged-off(11,732)— — (1,680)(254)(743)(14,409)
Recoveries121 — 23 — 87 — 231 
Balance, end of period$36,680 $25,481 $15,249 $3,203 $804 $1,576 $82,993 
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 losses15,041 2,368 (333)584 196 144 18,000 
Loans charged-off(19,627)— (38)— (301)— (19,966)
Recoveries461 — 54 — 528 
Balance, end of period$25,398 $29,919 $15,982 $5,921 $666 $1,074 $78,960 
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
June 30, 2025
Commercial & industrial$19,771 $10,632 $8,140 $27,911 $10,632 
Commercial real estate:
Non-owner occupied3,617 102 634 4,251 102 
Owner occupied— — 2,547 2,547 — 
Multifamily— — 1,625 1,625 — 
Total commercial real estate3,617 102 4,806 8,423 102 
Residential real estate2,073 219 16,200 18,273 219 
Public Finance— — — — — 
Consumer38 36 40 36 
Other— — — — — 
Total loans$25,499 $10,989 $29,148 $54,647 $10,989 
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 — 
Multifamily— — 1,674 1,674 — 
Total commercial real estate— — 9,302 9,302 — 
Residential real estate1,409 154 18,811 20,220 154 
Public Finance7,226 1,460 — 7,226 1,460 
Consumer64 64 — 64 64 
Other2,391 159 — 2,391 159 
Total loans$31,980 $10,297 $35,537 $67,517 $10,297 
Schedule of Aging of Loan Portfolio
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
June 30, 2025
Commercial and industrial$2,603,076 $2,141 $18,338 $180 $27,911 $2,651,646 
Commercial real estate:
Non-owner occupied700,705 226 567 — 4,251 705,749 
Owner occupied657,095 — 2,478 — 2,547 662,120 
Construction and land373,743 10,226 — — — 383,969 
Multifamily132,895 — — — 1,625 134,520 
Total commercial real estate1,864,438 10,452 3,045 — 8,423 1,886,358 
Residential real estate1,206,517 726 1,230 14 18,273 1,226,760 
Public Finance524,441 — — — — 524,441 
Consumer43,034 — — 40 43,080 
Other174,781 — — — — 174,781 
Total loans$6,416,287 $13,325 $22,613 $194 $54,647 $6,507,066 
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 
Schedule of Amortized Costs by Segment of Loans and Credit Risk Profile of Loan Portfolio
The following table presents the amortized cost by segment of loans by risk category and origination date as of June 30, 2025 and gross charge-offs by origination date for the six months ended June 30, 2025:
20252024202320222021PriorRevolving Loans
Converted to Term
RevolvingTotal
Commercial and industrial:
Pass$383,496 $392,666 $204,483 $198,892 $159,358 $99,114 $49,050 $905,219 $2,392,278 
Pass/Watch1,462 5,425 2,044 52,762 7,200 3,328 1,521 36,826 110,568 
Special Mention— — 18,224 1,874 3,519 548 109 20,447 44,721 
Substandard - Accruing1,582 1,043 16,622 19,492 10,924 5,789 8,629 12,087 76,168 
Substandard - Nonaccrual— — 1,193 183 2,974 3,876 404 584 9,214 
Doubtful— — 1,765 13,526 — 296 2,695 415 18,697 
Total commercial and industrial$386,540 $399,134 $244,331 $286,729 $183,975 $112,951 $62,408 $975,578 $2,651,646 
Gross charge-offs$— $— $— $9,452 $83 $875 $144 $1,178 $11,732 
Commercial real estate:
Non-owner occupied:
Pass$65,425 $37,874 $58,145 $89,617 $119,316 $269,937 $7,882 $876 $649,072 
Pass/Watch— — 411 1,267 10,453 7,928 300 12,290 32,649 
Special Mention— — — — 16,549 — — — 16,549 
Substandard - Accruing— — — — — 3,228 — — 3,228 
Substandard - Nonaccrual— — — — — 4,251 — — 4,251 
Total non-owner occupied$65,425 $37,874 $58,556 $90,884 $146,318 $285,344 $8,182 $13,166 $705,749 
Gross charge-offs$— $— $— $— $— $— $— $— $ 
Owner occupied:
Pass$16,742 $60,331 $74,656 $38,106 $82,703 $248,790 $34,527 $5,616 $561,471 
Pass/Watch— 42,132 581 5,834 5,396 11,724 — — 65,667 
Special Mention— — 1,907 1,764 399 2,666 — — 6,736 
Substandard - Accruing— — 9,649 861 — 15,189 — — 25,699 
Substandard - Nonaccrual— — — — 1,125 1,422 — — 2,547 
Total owner occupied$16,742 $102,463 $86,793 $46,565 $89,623 $279,791 $34,527 $5,616 $662,120 
Gross charge-offs$— $— $— $— $— $— $— $— $ 
Construction & land:
Pass$11,232 $37,446 $81,364 $165,403 $6,664 $7,592 $12,709 $33,217 $355,627 
Pass/Watch— — — 3,412 — — — — 3,412 
Special Mention— — — 24,930 — — — — 24,930 
Total construction & land$11,232 $37,446 $81,364 $193,745 $6,664 $7,592 $12,709 $33,217 $383,969 
Gross charge-offs$— $— $— $— $— $— $— $— $ 
Multifamily:
Pass$8,600 $4,372 $1,323 $71,191 $31,874 $9,146 $5,494 $— $132,000 
Pass/Watch— — — — — 895 — — 895 
Substandard - Nonaccrual— — — 1,625 — — — — 1,625 
Total multifamily$8,600 $4,372 $1,323 $72,816 $31,874 $10,041 $5,494 $— $134,520 
Gross charge-offs$— $— $— $— $— $— $— $— $ 
20252024202320222021PriorRevolving Loans
Converted to Term
RevolvingTotal
Total commercial real estate:
Pass$101,999 $140,023 $215,488 $364,317 $240,557 $535,465 $60,612 $39,709 $1,698,170 
Pass/Watch— 42,132 992 10,513 15,849 20,547 300 12,290 102,623 
Special Mention— — 1,907 26,694 16,948 2,666 — — 48,215 
Substandard - Accruing— — 9,649 861 — 18,417 — — 28,927 
Substandard - Nonaccrual— — — 1,625 1,125 5,673 — — 8,423 
Total commercial real estate:$101,999 $182,155 $228,036 $404,010 $274,479 $582,768 $60,912 $51,999 $1,886,358 
Gross charge-offs$— $— $— $— $— $— $— $— $ 
Residential real estate:
Pass$88,954 $149,953 $127,761 $524,429 $104,401 $169,585 $3,191 $18,390 $1,186,664 
Pass/Watch— — 231 7,480 5,955 6,906 59 — 20,631 
Special Mention— — — 632 — 431 — — 1,063 
Substandard - Accruing— — — — — 129 — — 129 
Substandard - Nonaccrual— 209 — 9,931 476 7,504 126 27 18,273 
Total residential real estate$88,954 $150,162 $127,992 $542,472 $110,832 $184,555 $3,376 $18,417 $1,226,760 
Gross charge-offs$— $— $— $— $— $— $— $— $ 
Public Finance:
Pass$6,729 $30,483 $6,016 $— $42,577 $435,102 $— $3,534 $524,441 
Total public finance$6,729 $30,483 $6,016 $— $42,577 $435,102 $— $3,534 $524,441 
Gross charge-offs$— $— $— $— $— $1,680 $— $— $1,680 
Consumer:
Pass$4,724 $2,898 $1,169 $1,027 $3,230 $10,845 $242 $18,156 $42,291 
Pass/Watch29 — 111 538 54 748 
Special Mention— — — — — — — 1 
Substandard - Nonaccrual— — — 36 — — — 40 
Total consumer$4,753 $2,898 $1,176 $1,038 $3,378 $11,383 $244 $18,210 $43,080 
Gross charge-offs$— $— $12 $58 $$51 $— $127 $254 
Other:
Pass$21,281 $20,873 $12,242 $8,324 $9,797 $6,624 $19,065 $65,599 $163,805 
Pass/Watch— — — — 1,307 — — — 1,307 
Substandard - Accruing— — — — — — — 9,669 9,669 
Total other$21,281 $20,873 $12,242 $8,324 $11,104 $6,624 $19,065 $75,268 $174,781 
Gross charge-offs$— $— $— $— $— $743 $— $— $743 
Total loans:
Pass$607,183 $736,896 $567,159 $1,096,989 $559,920 $1,256,735 $132,160 $1,050,607 $6,007,649 
Pass/Watch1,491 47,557 3,274 70,762 30,422 31,319 1,882 49,170 235,877 
Special Mention— — 20,131 29,200 20,468 3,645 109 20,447 94,000 
Substandard - Accruing1,582 1,043 26,271 20,353 10,924 24,335 8,629 21,756 114,893 
Substandard - Nonaccrual— 209 1,193 11,743 4,611 17,053 530 611 35,950 
Doubtful— — 1,765 13,526 — 296 2,695 415 18,697 
Total loans$610,256 $785,705 $619,793 $1,242,573 $626,345 $1,333,383 $146,005 $1,143,006 $6,507,066 
Gross charge-offs$— $— $12 $9,510 $89 $3,349 $144 $1,305 $14,409 
The following table presents the amortized cost by segment of loans by risk category and origination date as of December 31, 2024 and gross charge-offs by origination date for the year ended December 31, 2024:
20242023202220212020PriorRevolving Loans Converted to TermRevolvingTotal
Commercial and industrial:
Pass$490,655 $257,005 $255,402 $221,739 $67,636 $48,713 $76,821 $822,815 $2,240,786 
Pass/Watch1,469 17,131 29,927 19,200 4,373 2,343 322 19,994 94,759 
Special Mention277 13,796 22,630 3,740 345 664 1,901 3,772 47,125 
Substandard - Accruing928 6,359 27,244 22,543 2,862 3,236 6,339 17,277 86,788 
Substandard - Nonaccrual— 2,235 12,689 4,100 2,895 2,459 1,584 1,707 27,669 
Doubtful— — — — 415 — 230 — 645 
Total commercial and industrial$493,329 $296,526 $347,892 $271,322 $78,526 $57,415 $87,197 $865,565 $2,497,772 
Gross charge-offs$— $— $— $19,720 $269 $$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— 37 104 182 331 46 707 
Special Mention— — — — — — — 1 
Substandard - Accruing— — — — — — — 4 
Substandard - Nonaccrual— — — 58 — — 64 
Total consumer$3,949 $1,616 $1,370 $3,956 $7,650 $5,028 $65 $17,711 $41,345 
Gross charge-offs$$10 $$$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$$10 $$19,723 $686 $291 $645 $330 $21,694 
Financing Receivable, Loan Modification
The following tables present loan modifications for borrowers experiencing financial difficulty, segregated by modification type, regardless of whether such modifications resulted in a new loan.
For the three months ended June 30,:
Payment
Delay
Term
Extension
Interest Rate
Reduction
% of
Total Class
of Loans
2025
Commercial and industrial$— $1,814 $— 0.1 %
Commercial real estate:
Owner occupied1,120 — — 0.2 %
Total commercial real estate1,120 — — 0.1 %
Residential real estate— 429 — — %
Total loans$1,120 $2,243 $— 0.1 %
2024
Commercial and industrial$2,727 $— $— 0.1 %
Commercial real estate:
Owner occupied$— $— $2,088 0.3 %
Total commercial real estate— — 2,088 0.1 %
Total loans$2,727 $— $2,088 0.1 %
For the six months ended June 30,:
Payment
Delay
Term
Extension
Interest Rate
Reduction
% of
Total Class
of Loans
2025
Commercial and industrial$1,319 $1,814 $— 0.1 %
Commercial real estate:
Owner occupied1,120 — 1,181 0.3 %
Total commercial real estate1,120 — 1,181 0.1 %
Residential real estate— 1,198 — 0.1 %
Total loans$2,439 $3,012 $1,181 0.1 %
2024
Commercial and industrial$10,227 $— $— 0.4 %
Commercial real estate:
Owner occupied— — 2,726 0.4 %
Total commercial real estate— — 2,726 0.1 %
Total loans$10,227 $— $2,726 0.2 %
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
June 30, 2025
Commercial and industrial$1,606 $— $— $— $7,468 $9,074 
Commercial real estate:
Non-owner occupied1,911 — — — — 1,911 
Owner occupied6,933 — — — 1,120 8,053 
Total commercial real estate8,844 — — — 1,120 9,964 
Residential real estate1,197 — — — 640 1,837 
Total loans$11,647 $— $— $— $9,228 $20,875 
June 30, 2024
Commercial and industrial$9,916 $— $— $— $311 $10,227 
Commercial real estate:
Owner occupied3,224 — — — 639 3,863 
Total commercial real estate3,224 — — — 639 3,863 
Total loans$13,140 $— $— $— $950 $14,090