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Loans (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Loans
Loans consist of the following:
(Dollars in thousands)June 30, 2025December 31, 2024
Loans held for sale$8,878 $10,494 
LHFI:
Loans secured by real estate:
Commercial real estate(1)
$2,428,559 $2,477,431 
Construction/land/land development653,748 864,011 
Residential real estate(2)
1,995,434 1,857,589 
Total real estate5,077,741 5,199,031 
Commercial and industrial2,011,178 2,002,634 
Mortgage warehouse lines of credit574,748 349,081 
Consumer20,779 22,967 
Total LHFI(3)
7,684,446 7,573,713 
Less: Allowance for loan credit losses (“ALCL”)
92,426 91,060 
LHFI, net$7,592,020 $7,482,653 
____________________________
(1)Includes owner occupied commercial real estate of $972.8 million and $975.9 million at June 30, 2025, and December 31, 2024, respectively.
(2)Includes multifamily real estate of $529.9 million and $425.5 million at June 30, 2025, and December 31, 2024, respectively.
(3)Includes unamortized purchase accounting adjustment and net deferred loan fees of $9.4 million and $9.8 million at June 30, 2025, and December 31, 2024, respectively.
Schedule of Recorded Investment in Loans by Credit Quality Indicator
The following table reflects recorded investments in loans by credit quality indicator and origination year at June 30, 2025, and gross charge-offs for the six months ended June 30, 2025, excluding loans held for sale. Loans acquired are shown in the table by origination year, not merger date. The Company had an immaterial amount of revolving loans converted to term loans at June 30, 2025.
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate:
Pass$165,960 $243,604 $346,358 $846,803 $373,731 $381,375 $43,108 $2,400,939 
Special mention429 967 — 6,306 14 2,062 622 10,400 
Classified— 8,701 2,334 1,302 2,282 2,601 — 17,220 
Total commercial real estate loans$166,389 $253,272 $348,692 $854,411 $376,027 $386,038 $43,730 $2,428,559 
Year-to-date gross charge-offs$— $— $10 $— $34 $427 $257 $728 
Construction/land/land development:
Pass$92,484 $120,681 $112,994 $157,790 $81,376 $17,498 $49,196 $632,019 
Special mention— — — — — — — — 
Classified126 891 2,262 11,824 3,388 926 2,312 21,729 
Total construction/land/land development loans$92,610 $121,572 $115,256 $169,614 $84,764 $18,424 $51,508 $653,748 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Residential real estate:
Pass$217,798 $130,353 $291,182 $588,805 $262,965 $350,568 $117,808 $1,959,479 
Special mention— — — — — 309 — 309 
Classified2,521 479 9,056 16,122 2,444 4,849 175 35,646 
Total residential real estate loans$220,319 $130,832 $300,238 $604,927 $265,409 $355,726 $117,983 $1,995,434 
Year-to-date gross charge-offs$— $— $20 $— $— $— $99 $119 
Commercial and industrial:
Pass$269,274 $230,873 $213,080 $131,526 $66,832 $39,196 $1,000,225 $1,951,006 
Special mention— 307 61 518 3,113 526 2,735 7,260 
Classified2,086 4,959 5,901 14,610 223 836 24,297 52,912 
Total commercial and industrial loans$271,360 $236,139 $219,042 $146,654 $70,168 $40,558 $1,027,257 $2,011,178 
Year-to-date gross charge-offs$— $221 $284 $386 $632 $426 $5,607 $7,556 
Mortgage Warehouse Lines of Credit:
Pass$— $— $— $— $— $— $574,748 $574,748 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Pass$4,530 $6,585 $2,649 $683 $184 $59 $5,959 $20,649 
Classified60 11 32 25 — — 2 130 
Total consumer loans$4,590 $6,596 $2,681 $708 $184 $59 $5,961 $20,779 
Year-to-date gross charge-offs$2 $9 $21 $2 $— $20 $91 $145 
The following table reflects recorded investments in loans by credit quality indicator and origination year at December 31, 2024, and gross charge-offs for the year ended December 31, 2024, excluding loans held for sale. Loans acquired are shown in the table by origination year, not merger date. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2024.
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate:
Pass$229,213 $355,744 $918,847 $407,666 $220,040 $277,379 $54,391 $2,463,280 
Special mention1,209 — — 23 907 1,252 238 3,629 
Classified949 1,151 1,155 2,503 1,539 2,968 257 10,522 
Total commercial real estate loans$231,371 $356,895 $920,002 $410,192 $222,486 $281,599 $54,886 $2,477,431 
Year-to-date gross charge-offs$— $36 $193 $— $251 $— $— $480 
Construction/land/land development:
Pass$153,847 $206,970 $290,035 $123,645 $14,903 $3,343 $47,982 $840,725 
Special mention— — 547 — — — 145 692 
Classified1,366 2,331 10,552 5,053 731 219 2,342 22,594 
Total construction/land/land development loans$155,213 $209,301 $301,134 $128,698 $15,634 $3,562 $50,469 $864,011 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Residential real estate:
Pass$147,379 $319,186 $522,226 $305,893 $215,305 $179,503 $112,471 $1,801,963 
Special mention— — — 18,176 124 309 — 18,609 
Classified1,962 8,068 17,898 3,123 748 4,854 364 37,017 
Total residential real estate loans$149,341 $327,254 $540,124 $327,192 $216,177 $184,666 $112,835 $1,857,589 
Year-to-date gross charge-offs$— $— $— $— $— $11 $— $11 
Commercial and industrial:
Pass$280,152 $265,237 $171,157 $87,040 $20,938 $54,565 $1,066,600 $1,945,689 
Special mention— 70 5,652 39 — 545 2,172 8,478 
Classified4,312 6,706 13,578 1,022 691 375 21,783 48,467 
Total commercial and industrial loans$284,464 $272,013 $190,387 $88,101 $21,629 $55,485 $1,090,555 $2,002,634 
Year-to-date gross charge-offs$346 $1,171 $2,103 $4,477 $162 $595 $13,933 $22,787 
Mortgage Warehouse Lines of Credit:
Pass$— $— $— $— $— $— $349,081 $349,081 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Pass$10,060 $4,290 $1,277 $271 $210 $32 $6,645 $22,785 
Classified23 64 79 — — — 16 182 
Total consumer loans$10,083 $4,354 $1,356 $271 $210 $32 $6,661 $22,967 
Year-to-date gross charge-offs$— $19 $47 $3 $— $5 $288 $362 
Schedule of Loan Portfolio Aging Analysis
The following tables present the Company’s loan portfolio aging analysis at the dates indicated:
June 30, 2025
(Dollars in thousands)30-59 Days Past Due60-89 Days Past DueLoans Past Due 90 Days or MoreTotal Past DueCurrent LoansTotal Loans ReceivableAccruing Loans 90 or More Days Past Due
Loans secured by real estate:
Commercial real estate
$138 $516 $8,433 $9,087 $2,419,472 $2,428,559 $— 
Construction/land/land development
223 9,905 3,707 13,835 639,913 653,748 — 
Residential real estate4,770 17,619 7,942 30,331 1,965,103 1,995,434 — 
Total real estate5,131 28,040 20,082 53,253 5,024,488 5,077,741 — 
Commercial and industrial1,841 8,448 3,962 14,251 1,996,927 2,011,178 — 
Mortgage warehouse lines of credit
— — — — 574,748 574,748 — 
Consumer35 68 19 122 20,657 20,779 — 
Total LHFI$7,007 $36,556 $24,063 $67,626 $7,616,820 $7,684,446 $— 
December 31, 2024
(Dollars in thousands)30-59 Days Past Due60-89 Days Past DueLoans Past Due 90 Days or MoreTotal Past DueCurrent LoansTotal Loans ReceivableAccruing Loans 90 or More Days Past Due
Loans secured by real estate:
Commercial real estate$3,576 $1,019 $957 $5,552 $2,471,879 $2,477,431 $— 
Construction/land/land development
441 33 4,876 5,350 858,661 864,011 — 
Residential real estate12,655 5,219 5,723 23,597 1,833,992 1,857,589 — 
Total real estate16,672 6,271 11,556 34,499 5,164,532 5,199,031 — 
Commercial and industrial3,873 2,206 1,596 7,675 1,994,959 2,002,634 — 
Mortgage warehouse lines of credit— — — — 349,081 349,081 — 
Consumer199 7 57 263 22,704 22,967 — 
Total LHFI$20,744 $8,484 $13,209 $42,437 $7,531,276 $7,573,713 $— 
Schedule of Allowance for Loan Losses by Portfolio Segment
The following tables detail activity in the ALCL by portfolio segment. Management has made the accounting policy election to exclude accrued interest receivable on loans from the estimate of loan credit losses. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Accrued interest on loans receivable of $31.3 million and $32.6 million at June 30, 2025 and December 31, 2024, respectively, was included in accrued interest receivable and other assets on the face of the consolidated balance sheets.
Three Months Ended June 30, 2025
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$16,185 $6,836 $13,027 $54,762 $422 $779 $92,011 
Charge-offs471 — 119 2,995 — 115 3,700 
Recoveries— — 7 1,390 — 3 1,400 
Provision(1)
1,071 (512)724 1,018 358 56 2,715 
Ending balance$16,785 $6,324 $13,639 $54,175 $780 $723 $92,426 
Average balance$2,407,632 $739,601 $1,955,422 $2,068,175 $480,587 $21,851 $7,673,268 
Net charge-offs to loan average balance (annualized)0.08 %— %0.02 %0.31 %— %2.06 %0.12 %
____________________________
(1)The $2.9 million provision for credit losses on the consolidated statements of income includes a $2.7 million provision for loan credit losses, a $149,000 provision expense for off-balance sheet commitments and a $2,000 net benefit provision for held to maturity securities credit losses for the three months ended June 30, 2025.

Three Months Ended June 30, 2024
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$17,544 $9,979 $10,634 $58,823 $661 $734 $98,375 
Charge-offs25 — — 3,668 — 13 3,706 
Recoveries267 — 4 484 — 5 760 
Provision(1)
(542)(705)1,142 5,545 15 (19)5,436 
Ending balance$17,244 $9,274 $11,780 $61,184 $676 $707 $100,865 
Average balance$2,497,490 $1,058,972 $1,787,829 $2,128,486 $430,885 $22,396 $7,926,058 
Net (recoveries) charge-offs to loan average balance (annualized)(0.04)%— %— %0.60 %— %0.14 %0.15 %
____________________________
(1)The $5.2 million provision for credit losses on the consolidated statements of income includes a $5.4 million provision for loan credit losses, a $238,000 net benefit provision for off-balance sheet commitments and a $32,000 provision for held to maturity securities credit losses for the three months ended June 30, 2024.
Six Months Ended June 30, 2025
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$16,546 $7,398 $12,454 $53,449 $501 $712 $91,060 
Charge-offs728 — 119 7,556 — 145 8,548 
Recoveries13 — 53 3,432 — 22 3,520 
Provision(1)
954 (1,074)1,251 4,850 279 134 6,394 
Ending balance$16,785 $6,324 $13,639 $54,175 $780 $723 $92,426 
Average balance$2,427,754 $780,450 $1,932,798 $2,036,281 $385,582 $22,278 $7,585,143 
Net charge-offs to loan average balance (annualized)
0.06 %— %0.01 %0.41 %— %1.11 %0.13 %
_________________________
(1)The $6.3 million provision for credit losses on the consolidated statement of income includes a $6.4 million provision for loan losses, and a $84,000 and $3,000 net benefit provision for off-balance sheet commitments and held to maturity securities credit losses, respectively, for the six months ended June 30, 2025.
Six Months Ended June 30, 2024
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$19,625 $9,990 $10,619 $55,330 $529 $775 $96,868 
Charge-offs480 — — 9,849 — 60 10,389 
Recoveries297 — 8 4,548 — 8 4,861 
Provision(1)
(2,198)(716)1,153 11,155 147 (16)9,525 
Ending balance$17,244 $9,274 $11,780 $61,184 $676 $707 $100,865 
Average balance$2,467,983 $1,094,664 $1,763,467 $2,124,994 $368,566 $22,857 $7,842,531 
Net charge-offs to loan average balance (annualized)0.01 %— %— %0.50 %— %0.46 %0.14 %
____________________________
(1)The $8.2 million provision for credit losses on the consolidated statements of income includes a $9.5 million provision for loan credit losses, a $1.3 million and $6,000 net benefit provision for off-balance sheet commitments and held to maturity securities credit losses, respectively, for the six months ended June 30, 2024.
Schedule of Amortized Cost Basis of Collateral Dependent Loans
The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ALCL allocated to these loans.
June 30, 2025
(Dollars in thousands)Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
Real Estate $283 $206 $13,828 $— $— $— $14,317 
Other— — — 193 — — 193 
Total$283 $206 $13,828 $193 $— $— $14,510 
ALCL Allocation$— $— $62 $— $— $— $62 
December 31, 2024
(Dollars in thousands)Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
Real Estate $832 $— $16,804 $— $— $— $17,636 
Equipment— — — 42 — 46 88 
Total$832 $— $16,804 $42 $— $46 $17,724 
ALCL Allocation$— $— $121 $— $— $— $121 
Schedule of Non-performing (Nonaccrual) Loans Held for Investment
Nonaccrual LHFI was as follows:
Nonaccrual With No
Allowance for Credit Loss		Total Nonaccrual
(Dollars in thousands)
Loans secured by real estate:
June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Commercial real estate$10,634 $832 $12,814 $4,974 
Construction/land/land development
10,926 — 17,720 18,505 
Residential real estate35,421 16,048 37,996 36,221 
Total real estate56,981 16,880 68,530 59,700 
Commercial and industrial
1,164 42 16,655 15,120 
Consumer— 46 130 182 
Total nonaccrual loans$58,145 $16,968 $85,315 $75,002 
Schedule of Loans Classified as Troubled Debt Restructurings (TDRs)
The tables below summarize modifications made to borrowers experiencing financial difficulty by loan and modification type during the three months ended June 30, 2025 and 2024.
Three Months Ended June 30, 2025
Term ExtensionOther-Than-Insignificant Payment Delay
(Dollars in thousands)Amortized Cost% of LoansAmortized Cost% of Loans
Loans secured by real estate:
Commercial real estate$141 0.01 %$— — %
Construction/land/land development7 — — — 
Residential real estate253 0.01 34 — 
Total real estate401 0.01 34 — 
Commercial and industrial14,002 0.70 27 — 
Total$14,403 0.19 $61 — 
Three Months Ended June 30, 2024
Term ExtensionCombination:
Term Extension and Interest Rate Reduction
(Dollars in thousands)Amortized Cost% of LoansAmortized Cost% of Loans
Loans secured by real estate:
Commercial real estate$268 0.01 %$— — %
Construction/land/land development847 0.08 — — 
Residential real estate1,952 0.11 134 0.01 
Total real estate3,067 0.06 134 — 
Commercial and industrial(1)
13,507 0.65 — — 
Consumer— — 4 0.02 
Total$16,574 0.21 $138 — 
____________________________
(1)Does not include the loans impacted by the questioned activity as a result of not meeting the modification criteria as described in the Accounting Standards Codification 310-10-50-36, “Modifications”.
The tables below summarize modifications made to borrowers experiencing financial difficulty by loan and modification type during the six months ended June 30, 2025 and 2024.
Six Months Ended June 30, 2025
Term ExtensionOther-Than-Insignificant Payment Delay
(Dollars in thousands)Amortized Cost% of LoansAmortized Cost% of Loans
Loans secured by real estate:
Commercial real estate$861 0.04 %$— — %
Construction/land/land development132 0.02 — — 
Residential real estate665 0.03 34 — 
Total real estate1,658 0.03 34 — 
Commercial and industrial(1)
29,360 1.46 27 — 
Mortgage warehouse lines of credit— — — — 
Consumer— — — — 
Total$31,018 0.40 $61 — 
Six Months Ended June 30, 2024
Term ExtensionCombination:
Term Extension and Interest Rate Reduction		Other-Than-Insignificant Payment Delay
(Dollars in thousands)Amortized Cost% of LoansAmortized Cost% of LoansAmortized Cost% of Loans
Loans secured by real estate:
Commercial real estate$268 0.01 %$— — %$— — %
Construction/land/land development1,489 0.15 — — — — 
Residential real estate1,988 0.11 134 0.01 — — 
Total real estate3,745 0.07 134 — — — 
Commercial and industrial(1)
18,301 0.88 — — 35 — 
Consumer— — 4 0.02 — 
Total$22,046 0.28 $138 — $35 — 
____________________________
(1)Does not include the loans impacted by the questioned activity as a result of not meeting the modification criteria as described in the Accounting Standards Codification 310-10-50-36, “Modifications”.
The following tables describe the financial effects of the modifications made to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 and 2024.
Three Months Ended June 30, 2025
Term ExtensionOther-Than-Insignificant Payment Delay
Commercial real estate
Added a weighted average 3.7 months to the life of the modified loans
N/A
Construction/land/land development
Added a weighted average 6.0 months to the life of the modified loans
N/A
Residential real estate
Added a weighted average 16.5 months to the life of the modified loans
Delayed payment of weighted average 4.0 months
Commercial and industrial
Added a weighted average 5.5 months to the life of the modified loans
Delayed payment of weighted average 4.0 months
Three Months Ended June 30, 2024
Interest Rate ReductionTerm Extension
Commercial real estateN/A
Added a weighted average 3.0 months to the life of the modified loans
Construction/land/land developmentN/A
Added a weighted average 2.3 months to the life of the modified loans
Residential real estate
Reduced weighted average contractual interest rate from 9.0% to 8.0%
Added a weighted average 3.2 months to the life of the modified loans
Commercial and industrialN/A
Added a weighted average 3.6 months to the life of the modified loans
Consumer
Reduced weighted average contractual interest rate from 9.5% to 6.0%
Added a weighted average 5.0 months to the life of the modified loans
Six Months Ended June 30, 2025
Term ExtensionOther-Than-Insignificant Payment Delay
Commercial real estate
Added a weighted average 5.6 months to the life of the modified loans
N/A
Construction/land/land development
Added a weighted average 6.2 months to the life of the modified loans
N/A
Residential real estate
Added a weighted average 24.1 months to the life of the modified loans
Delayed payment of weighted average 4.0 months
Commercial and industrial
Added a weighted average 6.1 months to the life of the modified loans
Delayed payment of weighted average 4.0 months
Six Months Ended June 30, 2024
Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment Delay
Commercial real estateN/A
Added a weighted average 3.0 months to the life of the modified loans
N/A
Construction/land/land developmentN/A
Added a weighted average 5.0 months to the life of the modified loans
N/A
Residential real estate
Reduced weighted average contractual interest rate from 9.0% to 8.0%
Added a weighted average 3.3 months to the life of the modified loans
N/A
Commercial and industrialN/A
Added a weighted average 4.9 months to the life of the modified loans
Delayed payment of weighted average 2.0 months
Consumer
Reduced weighted average contractual interest rate from 9.5% to 6.0%
Added a weighted average 5.0 months to the life of the modified loans
N/A
The following table depicts the performance of loans that have been modified during the last twelve months ended June 30, 2025 and 2024.
Payment Status (Amortized Cost Basis)
June 30, 2025
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past Due
Loans secured by real estate:
Commercial real estate
$2,361 $— $— 
Construction/land/land development
132 — 206 
Residential real estate1,162 — 291 
Total real estate3,655 — 497 
Commercial and industrial(1)
27,967 1,800 2,279 
Consumer— — — 
Total LHFI$31,622 $1,800 $2,776 
____________________________
(1)Does not include the loans impacted by the questioned activity as a result of not meeting the modification criteria as described in the Accounting Standards Codification 310-10-50-36, “Modifications”.
Payment Status (Amortized Cost Basis)
June 30, 2024
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past Due
Loans secured by real estate:
Commercial real estate
$162 $695 $143 
Construction/land/land development987 609 — 
Residential real estate880 1,867 — 
Total real estate2,029 3,171 143 
Commercial and industrial17,812 1,703 2,975 
Consumer4 — — 
Total LHFI$19,845 $4,874 $3,118 
Schedule of Amortized Cost of Loans with Payment Default
The table below provides the details of loans to borrowers experiencing financial difficulty that were modified within the last twelve months and defaulted during the three and six months ended June 30, 2025. There were no loans that were modified during the twelve months ended June 30, 2024, and defaulted during the three or six months ended June 30, 2024.
Defaults During the Three Months Ended June 30, 2025
Term Extension
(Dollars in thousands)Amortized CostDefault Amount
Loans secured by real estate:
Commercial real estate
$— $— 
Construction/land/land development206 206 
Residential real estate292 392 
Total real estate498 598 
Commercial and industrial(1)
2,279 3,995 
Total$2,777 $4,593 
Defaults During the Six Months Ended June 30, 2025
Term Extension
(Dollars in thousands)Amortized Cost Default Amount
Loans secured by real estate:
Commercial real estate
$— $257 
Construction/land/land development206 206 
Residential real estate292 392 
Total real estate498 855 
Commercial and industrial(1)
2,279 5,535 
Total$2,777 $6,390 
____________________________
(1)Does not include the loans impacted by the questioned activity as a result of not meeting the modification criteria as described in the Accounting Standards Codification 310-10-50-36, “Modifications”.