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Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Loans by Portfolio Segment
Loans in the accompanying consolidated balance sheets are classified as follows (in thousands):    
June 30, 2025December 31, 2024
Real estate loans:  
Construction$470,380 $537,827 
1-4 family residential736,108 740,396 
Commercial2,606,072 2,579,735 
Commercial loans380,612 363,167 
Municipal loans363,746 390,968 
Loans to individuals45,015 49,504 
Total loans4,601,933 4,661,597 
Less: Allowance for loan losses44,421 44,884 
Net loans$4,557,512 $4,616,713 
Summary of loans by credit quality indicators and origination year
The following tables set forth the amortized cost basis by class of financing receivable and credit quality indicator for the periods presented (in thousands):
June 30, 2025Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20252024202320222021Prior
Construction real estate:
Pass$63,373 $95,337 $74,939 $41,668 $16,551 $6,796 $132,338 $431,002 
Pass watch14,916 191 — 365 — 1,226 21,384 38,082 
Special mention— — — 498 419 62 — 979 
Substandard— — — — 56 152 — 208 
Doubtful— — 109 — — — — 109 
Total construction real estate$78,289 $95,528 $75,048 $42,531 $17,026 $8,236 $153,722 $470,380 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
1-4 family residential real estate:
Pass$24,209 $44,590 $69,378 $147,956 $132,524 $310,965 $1,587 $731,209 
Pass watch— — — — — — — — 
Special mention— — — 242 500 39 — 781 
Substandard— 48 112 — 166 3,477 — 3,803 
Doubtful— 172 — — — 143 — 315 
Total 1-4 family residential real estate$24,209 $44,810 $69,490 $148,198 $133,190 $314,624 $1,587 $736,108 
Current period gross charge-offs$— $56 $— $— $— $13 $— $69 
Commercial real estate:
Pass$286,998 $287,668 $368,496 $511,101 $433,481 $335,488 $43,253 $2,266,485 
Pass watch— 31,999 48,907 122,110 — 2,486 932 206,434 
Special mention23,668 — — 50,597 448 12,339 — 87,052 
Substandard— — — 28,062 12,211 5,778 — 46,051 
Doubtful— — — — — 50 — 50 
Total commercial real estate$310,666 $319,667 $417,403 $711,870 $446,140 $356,141 $44,185 $2,606,072 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial loans:
Pass$30,105 $56,638 $40,240 $31,339 $10,559 $6,642 $169,855 $345,378 
Pass watch2,339 180 137 155 182 — 675 3,668 
Special mention108 12,933 111 565 888 6 12,376 26,987 
Substandard1,493 176 389 226 18 102 278 2,682 
Doubtful— 995 415 146 153 47 141 1,897 
Total commercial loans$34,045 $70,922 $41,292 $32,431 $11,800 $6,797 $183,325 $380,612 
Current period gross charge-offs$— $359 $286 $108 $108 $22 $— $883 
Municipal loans:
Pass$— $1,876 $33,287 $55,944 $62,126 $210,513 $— $363,746 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$— $1,876 $33,287 $55,944 $62,126 $210,513 $— $363,746 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Loans to individuals:
Pass$10,819 $12,185 $7,428 $5,518 $4,073 $2,693 $2,025 $44,741 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard210 — 2 — — 3 — 215 
Doubtful12 — 20 21 — 6 — 59 
Total loans to individuals$11,041 $12,185 $7,450 $5,539 $4,073 $2,702 $2,025 $45,015 
Current period gross charge-offs (1)
$736 $22 $8 $55 $21 $13 $— $855 
Total loans$458,250 $544,988 $643,970 $996,513 $674,355 $899,013 $384,844 $4,601,933 
Total current period gross charge-offs (1)
$736 $437 $294 $163 $129 $48 $— $1,807 
(1) Includes $546,000 in charged off demand deposit overdrafts reported as 2025 originations.
December 31, 2024Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20242023202220212020Prior
Construction real estate:
Pass$130,555 $122,724 $46,499 $17,710 $3,564 $5,923 $132,096 $459,071 
Pass watch209 — 59,700 — 574 591 16,999 78,073 
Special mention— — — 429 — 72 — 501 
Substandard— 112 — 59 — — — 171 
Doubtful— — — — — 11 — 11 
Total construction real estate$130,764 $122,836 $106,199 $18,198 $4,138 $6,597 $149,095 $537,827 
Current period gross charge-offs$— $24 $— $— $— $— $— $24 
1-4 family residential real estate:
Pass$43,040 $65,458 $153,335 $139,048 $106,116 $226,550 $1,524 $735,071 
Pass watch— — — — — — — — 
Special mention— — — 505 — — — 505 
Substandard50 225 — 225 1,326 2,833 — 4,659 
Doubtful— — — — — 161 — 161 
Total 1-4 family residential real estate$43,090 $65,683 $153,335 $139,778 $107,442 $229,544 $1,524 $740,396 
Current period gross charge-offs$— $31 $— $— $10 $220 $— $261 
Commercial real estate:
Pass$363,370 $410,213 $632,216 $509,927 $132,562 $223,551 $41,568 $2,313,407 
Pass watch— 11,953 65,206 22,440 4,090 24,599 983 129,271 
Special mention3,983 — 79,280 175 — 13,232 — 96,670 
Substandard— — 27,994 6,409 250 5,649 — 40,302 
Doubtful— — — — — 85 — 85 
Total commercial real estate$367,353 $422,166 $804,696 $538,951 $136,902 $267,116 $42,551 $2,579,735 
Current period gross charge-offs$— $— $— $— $— $78 $— $78 
Commercial loans:
Pass$83,118 $51,895 $39,449 $13,887 $5,875 $3,091 $155,671 $352,986 
Pass watch— 30 603 787 29 513 4,972 6,934 
Special mention— 327 29 83 — 101 180 720 
Substandard365 99 281 137 22 1 1,100 2,005 
Doubtful31 244 134 61 — 52 — 522 
Total commercial loans$83,514 $52,595 $40,496 $14,955 $5,926 $3,758 $161,923 $363,167 
Current period gross charge-offs$24 $462 $590 $85 $— $12 $— $1,173 
Municipal loans:
Pass$1,949 $34,398 $57,862 $64,041 $41,115 $188,309 $— $387,674 
Pass watch— — — — 892 2,402 — 3,294 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$1,949 $34,398 $57,862 $64,041 $42,007 $190,711 $— $390,968 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Loans to individuals:
Pass$18,765 $10,881 $7,719 $5,949 $2,900 $949 $2,215 $49,378 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— 2 28 — — 4 1 35 
Doubtful— 8 67 2 8 6 — 91 
Total loans to individuals$18,765 $10,891 $7,814 $5,951 $2,908 $959 $2,216 $49,504 
Current period gross charge-offs$1,655 $34 $43 $26 $33 $33 $— $1,824 
Total loans$645,435 $708,569 $1,170,402 $781,874 $299,323 $698,685 $357,309 $4,661,597 
Total current period gross charge-offs (1)
$1,679 $551 $633 $111 $43 $343 $— $3,360 
(1) Includes $1.2 million in charged off demand deposit overdrafts reported as 2024 originations.
Aging of past due loans by class of loan
The following tables present the aging of the amortized cost basis in past due loans by class of loans (in thousands):
 June 30, 2025
 
30-59 Days
Past Due
60-89 Days
Past Due
Greater than 90 Days Past Due
Total Past
Due
CurrentTotal
Real estate loans:     
Construction$586 $20 $231 $837 $469,543 $470,380 
1-4 family residential1,025 1,030 221 2,276 733,832 736,108 
Commercial319 349 62 730 2,605,342 2,606,072 
Commercial loans1,244 1,300 1,722 4,266 376,346 380,612 
Municipal loans— — — — 363,746 363,746 
Loans to individuals50 10 5 65 44,950 45,015 
Total$3,224 $2,709 $2,241 $8,174 $4,593,759 $4,601,933 
December 31, 2024
30-59 Days Past Due60-89 Days Past DueGreater than 90 Days
Past Due
Total Past
Due
CurrentTotal
Real estate loans:
Construction$92 $5 $— $97 $537,730 $537,827 
1-4 family residential3,217 1,328 262 4,807 735,589 740,396 
Commercial2,054 331 — 2,385 2,577,350 2,579,735 
Commercial loans2,881 649 407 3,937 359,230 363,167 
Municipal loans— — — — 390,968 390,968 
Loans to individuals108 48 20 176 49,328 49,504 
Total$8,352 $2,361 $689 $11,402 $4,650,195 $4,661,597 
Nonperforming assets by asset class
The following table sets forth the amortized cost basis of nonperforming assets for the periods presented (in thousands):
 June 30, 2025December 31, 2024
Nonaccrual loans:
Real estate loans:
Construction$251 $122 
1-4 family residential1,433 1,734 
Commercial193 171 
Commercial loans2,861 1,067 
Loans to individuals260 91 
Total nonaccrual loans (1)
4,998 3,185 
Accruing loans past due more than 90 days— — 
Restructured loans27,512 2 
OREO380 388 
Repossessed assets19 14 
Total nonperforming assets$32,909 $3,589 

(1)    Includes $526,000 and $63,000 of restructured loans as of June 30, 2025 and December 31, 2024, respectively.
Allowance for loan losses activity by portfolio segment
The following tables detail activity in the allowance for loan losses by portfolio segment for the periods presented (in thousands):
 Three Months Ended June 30, 2025
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$3,887 $2,709 $34,730 $3,128 $14 $155 $44,623 
Loans charged-off— (56)— (727)— (411)(1,194)
Recoveries of loans charged-off— 7 4 163 — 168 342 
Net loans (charged-off)
recovered		— (49)4 (564)— (243)(852)
Provision for (reversal of) loan losses2,307 121 (4,033)1,869 — 386 650 
Balance at end of period$6,194 $2,781 $30,701 $4,433 $14 $298 $44,421 


 Six Months Ended June 30, 2025
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$3,958 $2,780 $35,526 $2,448 $16 $156 $44,884 
Loans charged-off— (69)— (883)— (855)(1,807)
Recoveries of loans charged-off— 15 9 265 — 363 652 
Net loans (charged-off) recovered— (54)9 (618)— (492)(1,155)
Provision for (reversal of) loan losses2,236 55 (4,834)2,603 (2)634 692 
Balance at end of period$6,194 $2,781 $30,701 $4,433 $14 $298 $44,421 

 Three Months Ended June 30, 2024
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$4,920 $2,768 $32,893 $2,774 $19 $183 $43,557 
Loans charged-off(24)(106)— (216)— (375)(721)
Recoveries of loans charged-off— 33 — 191 — 220 444 
Net loans (charged-off)
recovered		(24)(73)— (25)— (155)(277)
Provision for (reversal of) loan losses (162)9 (1,052)193 (1)140 (873)
Balance at end of period$4,734 $2,704 $31,841 $2,942 $18 $168 $42,407 
Six Months Ended June 30, 2024
Real Estate
Construction1-4 Family
Residential		CommercialCommercial
Loans 		Municipal
Loans		Loans to
Individuals		Total
Balance at beginning of period$5,287 $2,840 $32,266 $2,086 $19 $176 $42,674 
Loans charged-off (1)
(24)(128)— (367)— (836)(1,355)
Recoveries of loans charged-off— 44 3 247 — 497 791 
Net loans (charged-off) recovered(24)(84)3 (120)— (339)(564)
Provision (reversal) for loan losses (2)
(529)(52)(428)976 (1)331 297 
Balance at end of period$4,734 $2,704 $31,841 $2,942 $18 $168 $42,407