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Loans (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Schedule of Loans
Loans consist of the following:
(Dollars in thousands)September 30, 2025December 31, 2024
Loans held for sale$312 $10,494 
LHFI:
Loans secured by real estate:
Commercial real estate(1)
$2,506,879 $2,477,431 
Construction/land/land development615,778 864,011 
Residential real estate(2)
2,001,297 1,857,589 
Total real estate5,123,954 5,199,031 
Commercial and industrial1,919,782 2,002,634 
Mortgage warehouse lines of credit472,968 349,081 
Consumer20,395 22,967 
Total LHFI(3)
7,537,099 7,573,713 
Less: Allowance for loan credit losses (“ALCL”)
96,259 91,060 
LHFI, net$7,440,840 $7,482,653 
____________________________
(1)Includes owner occupied commercial real estate of $986.9 million and $975.9 million at September 30, 2025, and December 31, 2024, respectively.
(2)Includes multifamily real estate of $540.6 million and $425.5 million at September 30, 2025, and December 31, 2024, respectively.
(3)Includes unamortized purchase accounting adjustment and net deferred loan fees of $9.9 million and $9.8 million at September 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 September 30, 2025, and gross charge-offs for the nine months ended September 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 September 30, 2025.
Term Loans
Amortized Cost Basis by Origination Year
(Dollars in thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
Commercial real estate:
Pass$404,710 $225,421 $313,530 $768,090 $347,048 $344,505 $53,330 $2,456,634 
Special mention— 3,130 18,895 6,266 — 2,836 — 31,127 
Classified262 7,404 2,233 1,940 2,228 4,952 99 19,118 
Total commercial real estate loans$404,972 $235,955 $334,658 $776,296 $349,276 $352,293 $53,429 $2,506,879 
Year-to-date gross charge-offs$— $— $10 $— $34 $427 $257 $728 
Construction/land/land development:
Pass$154,801 $100,762 $104,081 $130,933 $61,467 $6,656 $32,221 $590,921 
Special mention— — — — — — — — 
Classified125 723 2,256 11,674 3,029 912 6,138 24,857 
Total construction/land/land development loans$154,926 $101,485 $106,337 $142,607 $64,496 $7,568 $38,359 $615,778 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Residential real estate:
Pass$271,944 $123,616 $283,982 $575,020 $256,152 $333,106 $114,358 $1,958,178 
Special mention— — — — — — — — 
Classified2,896 883 9,154 20,794 4,042 5,182 168 43,119 
Total residential real estate loans$274,840 $124,499 $293,136 $595,814 $260,194 $338,288 $114,526 $2,001,297 
Year-to-date gross charge-offs$— $— $20 $— $— $— $99 $119 
Commercial and industrial:
Pass$290,754 $199,336 $184,042 $90,088 $60,202 $33,284 $1,005,038 $1,862,744 
Special mention— 42 50 1,612 188 — 3,995 5,887 
Classified5,499 5,455 5,082 7,239 2,951 847 24,078 51,151 
Total commercial and industrial loans$296,253 $204,833 $189,174 $98,939 $63,341 $34,131 $1,033,111 $1,919,782 
Year-to-date gross charge-offs$23 $1,230 $553 $3,074 $757 $1,602 $32,501 $39,740 
Mortgage Warehouse Lines of Credit:
Pass$— $— $— $— $— $— $472,968 $472,968 
Year-to-date gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Pass$7,476 $4,630 $2,056 $503 $136 $38 $5,468 $20,307 
Classified— 39 27 20 — — 2 88 
Total consumer loans$7,476 $4,669 $2,083 $523 $136 $38 $5,470 $20,395 
Year-to-date gross charge-offs$12 $21 $21 $2 $— $20 $91 $167 
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:
September 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
$5,288 $665 $7,765 $13,718 $2,493,161 $2,506,879 $— 
Construction/land/land development
24 42 12,909 12,975 602,803 615,778 — 
Residential real estate415 8,621 22,378 31,414 1,969,883 2,001,297 — 
Total real estate5,727 9,328 43,052 58,107 5,065,847 5,123,954 — 
Commercial and industrial2,688 292 11,237 14,217 1,905,565 1,919,782 — 
Mortgage warehouse lines of credit
— — — — 472,968 472,968 — 
Consumer28 130 30 188 20,207 20,395 — 
Total LHFI$8,443 $9,750 $54,319 $72,512 $7,464,587 $7,537,099 $— 
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 $29.0 million and $32.6 million at September 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 September 30, 2025
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$16,785 $6,324 $13,639 $54,175 $780 $723 $92,426 
Charge-offs— — — 32,184 — 22 32,206 
Recoveries5 — 3 812 — 3 823 
Provision(1)
1,386 1,417 722 31,679 47 (35)35,216 
Ending balance$18,176 $7,741 $14,364 $54,482 $827 $669 $96,259 
Average balance$2,450,148 $644,455 $1,992,766 $1,994,755 $420,848 $20,652 $7,523,624 
Net charge-offs to loan average balance (annualized)— %— %— %6.24 %— %0.37 %1.65 %
____________________________
(1)The $36.8 million provision for credit losses on the consolidated statements of income includes a $35.2 million provision for loan credit losses, a $1.6 million provision expense for off-balance sheet commitments and a $4,000 net benefit provision for held to maturity securities credit losses for the three months ended September 30, 2025.

Three Months Ended September 30, 2024
Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
(Dollars in thousands)
Beginning balance$17,244 $9,274 $11,780 $61,184 $676 $707 $100,865 
Charge-offs— — 11 11,195 — 20 11,226 
Recoveries21 — 4 1,680 — 1 1,706 
Provision(1)
(435)(546)302 5,070 (13)266 4,644 
Ending balance$16,830 $8,728 $12,075 $56,739 $663 $954 $95,989 
Average balance$2,507,566 $1,019,302 $1,824,725 $2,071,984 $484,680 $22,739 $7,930,996 
Net charge-offs to loan average balance (annualized)— %— %— %1.83 %— %0.33 %0.48 %
____________________________
(1)The $4.6 million provision for credit losses on the consolidated statements of income includes a $4.6 million provision for loan credit losses, a $36,000 net benefit provision for off-balance sheet commitments and a $5,000 net benefit provision for held to maturity securities credit losses for the three months ended September 30, 2024.
Nine Months Ended September 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 39,740 — 167 40,754 
Recoveries18 — 56 4,244 — 25 4,343 
Provision(1)
2,340 343 1,973 36,529 326 99 41,610 
Ending balance$18,176 $7,741 $14,364 $54,482 $827 $669 $96,259 
Average balance$2,435,301 $734,621 $1,953,007 $2,022,286 $397,466 $21,730 $7,564,411 
Net charge-offs to loan average balance (annualized)
0.04 %— %— %2.35 %— %0.87 %0.64 %
_________________________
(1)The $43.1 million provision for credit losses on the consolidated statement of income includes a $41.6 million provision for loan losses, a $1.5 million provision expense for off-balance sheet commitments and a $7,000 net benefit provision for held to maturity securities credit losses for the nine months ended September 30, 2025.
Nine Months Ended September 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 — 11 21,044 — 80 21,615 
Recoveries318 — 12 6,228 — 9 6,567 
Provision(1)
(2,633)(1,262)1,455 16,225 134 250 14,169 
Ending balance$16,830 $8,728 $12,075 $56,739 $663 $954 $95,989 
Average balance$2,481,274 $1,069,360 $1,784,035 $2,107,195 $407,553 $22,818 $7,872,235 
Net charge-offs to loan average balance (annualized)0.01 %— %— %0.94 %— %0.42 %0.26 %
____________________________
(1)The $12.8 million provision for credit losses on the consolidated statements of income includes a $14.2 million provision for loan credit losses, a $1.3 million and $11,000 net benefit provision for off-balance sheet commitments and held to maturity securities credit losses, respectively, for the nine months ended September 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.
September 30, 2025
(Dollars in thousands)Commercial Real EstateConstruction/ Land/ Land DevelopmentResidential Real EstateCommercial and IndustrialMortgage Warehouse Lines of CreditConsumerTotal
Real Estate $1,736 $206 $11,833 $— $— $— $13,775 
Accounts Receivable — — — 300 — — 300 
Equipment — — — 40 — — 40 
Other— — — 193 — — 193 
Total$1,736 $206 $11,833 $533 $— $— $14,308 
ALCL Allocation$— $— $113 $— $— $— $113 
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:
September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Commercial real estate$9,594 $832 $11,736 $4,974 
Construction/land/land development
8,385 — 17,047 18,505 
Residential real estate37,510 16,048 44,368 36,221 
Total real estate55,489 16,880 73,151 59,700 
Commercial and industrial
1,004 42 15,043 15,120 
Consumer— 46 88 182 
Total nonaccrual loans$56,493 $16,968 $88,282 $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 September 30, 2025 and 2024.
Three Months Ended September 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$982 0.04 %$— — %
Construction/land/land development4,033 0.65 — — 
Residential real estate1,088 0.05 67 — 
Total real estate6,103 0.12 67 — 
Commercial and industrial25,467 1.33 30 — 
Consumer10 0.05 — — 
Total$31,580 0.42 $97 — 
Three Months Ended September 30, 2024
Term Extension
(Dollars in thousands)Amortized Cost% of Loans
Loans secured by real estate:
Commercial real estate$257 0.01 %
Construction/land/land development346 0.03 
Residential real estate1,769 0.10 
Total real estate2,372 0.04 
Commercial and industrial(1)
10,689 0.52 
Total$13,061 0.16 
____________________________
(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 nine months ended September 30, 2025 and 2024.
Nine Months Ended September 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$1,093 0.04 %$— — %
Construction/land/land development4,138 0.67 — — 
Residential real estate1,707 0.09 100 — 
Total real estate6,938 0.14 100 — 
Commercial and industrial29,052 1.51 53 — 
Consumer10 0.05 — — 
Total$36,000 0.48 $153 — 
Nine Months Ended September 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$257 0.01 %$— — %$— — %
Construction/land/land development346 0.03 — — — — 
Residential real estate1,998 0.11 132 0.01 — — 
Total real estate2,601 0.05 132 — — — 
Commercial and industrial(1)
15,331 0.74 — — 35 — 
Consumer— — 4 0.02 — 
Total$17,932 0.23 $136 — $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 nine months ended September 30, 2025 and 2024.
Three Months Ended September 30, 2025
Term ExtensionOther-Than-Insignificant Payment Delay
Commercial real estate
Added a weighted average 19.0 months to the life of the modified loans
N/A
Construction/land/land development
Added a weighted average 2.2 months to the life of the modified loans
N/A
Residential real estate
Added a weighted average 11.6 months to the life of the modified loans
Delayed payment of weighted average 6.0 months
Commercial and industrial
Added a weighted average 5.0 months to the life of the modified loans
Delayed payment of weighted average 2.0 months
Consumer
Added a weighted average 1.2 months to the life of the modified loans
N/A
Three Months Ended September 30, 2024
Term Extension
Commercial real estate
Added a weighted average 29.0 months to the life of the modified loans
Construction/land/land development
Added a weighted average 4.1 months to the life of the modified loans
Residential real estate
Added a weighted average 8.7 months to the life of the modified loans
Commercial and industrial(1)
Added a weighted average 4.4 months to the life of the modified loans
____________________________
(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”.
Nine Months Ended September 30, 2025
Term ExtensionOther-Than-Insignificant Payment Delay
Commercial real estate
Added a weighted average 20.9 months to the life of the modified loans
N/A
Construction/land/land development
Added a weighted average 2.4 months to the life of the modified loans
N/A
Residential real estate
Added a weighted average 16.4 months to the life of the modified loans
Delayed payment of weighted average 5.3 months
Commercial and industrial
Added a weighted average 8.7 months to the life of the modified loans
Delayed payment of weighted average 3.0 months
Consumer
Added a weighted average 1.2 months to the life of the modified loans
N/A
Nine Months Ended September 30, 2024
Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment Delay
Commercial real estateN/A
Added a weighted average 32.0 months to the life of the modified loans
N/A
Construction/land/land developmentN/A
Added a weighted average 6.6 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 10.4 months to the life of the modified loans
N/A
Commercial and industrial(1)
N/A
Added a weighted average 5.9 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
____________________________
(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 table depicts the performance of loans that have been modified during the last twelve months ended September 30, 2025 and 2024.
Payment Status (Amortized Cost Basis)
September 30, 2025
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past Due
Loans secured by real estate:
Commercial real estate
$2,516 $110 $— 
Construction/land/land development
4,138 — 206 
Residential real estate2,243 — — 
Total real estate8,897 110 206 
Commercial and industrial26,582 1,744 2,897 
Consumer10 — — 
Total LHFI$35,489 $1,854 $3,103 
Payment Status (Amortized Cost Basis)
September 30, 2024
(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past Due
Loans secured by real estate:
Commercial real estate
$272 $10 $— 
Construction/land/land development452 — — 
Residential real estate936 1,485 115 
Total real estate1,660 1,495 115 
Commercial and industrial(1)
12,865 618 2,007 
Consumer4 — — 
Total LHFI$14,529 $2,113 $2,122 
____________________________
(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”.
Schedule of Amortized Cost of Loans with Payment Default
The tables below provides the details of loans to borrowers experiencing financial difficulty that were modified within the last twelve months and defaulted during the three or nine months ended September 30, 2025.
Defaults During the Three Months Ended September 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 estate— — 
Total real estate206 206 
Commercial and industrial2,897 4,041 
Total$3,103 $4,247 
Defaults During the Nine Months Ended September 30, 2025
Term Extension
(Dollars in thousands)Amortized Cost Default Amount
Loans secured by real estate:
Commercial real estate
$— $— 
Construction/land/land development206 206 
Residential real estate— 100 
Total real estate206 306 
Commercial and industrial2,897 6,680 
Total$3,103 $6,986 
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 nine months ended September 30, 2024.
At or For The Nine Months Ended September 30, 2024
Term Extension
(Dollars in thousands)Amortized CostDefault Amount
Residential real estate$115 $115 
Commercial and industrial(1)
2,007 9,453 
Total$2,122 $9,568 
____________________________
(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”.