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Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Loans by Portfolio Segment
Loans in the accompanying consolidated balance sheets are classified as follows (in thousands):    
September 30, 2025December 31, 2024
Real estate loans:  
Construction$519,528 $537,827 
1-4 family residential730,061 740,396 
Commercial2,688,712 2,579,735 
Commercial loans429,952 363,167 
Municipal loans353,324 390,968 
Loans to individuals43,712 49,504 
Total loans4,765,289 4,661,597 
Less: Allowance for loan losses45,294 44,884 
Net loans$4,719,995 $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):
September 30, 2025Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisTotal
20252024202320222021Prior
Construction real estate:
Pass$76,105 $102,162 $84,508 $11,572 $16,301 $6,425 $120,107 $417,180 
Pass watch30,118 180 — 359 — — 7,943 38,600 
Special mention1,399 — — 41,461 412 60 20,168 63,500 
Substandard57 — — — 54 28 — 139 
Doubtful— — 109 — — — — 109 
Total construction real estate$107,679 $102,342 $84,617 $53,392 $16,767 $6,513 $148,218 $519,528 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
1-4 family residential real estate:
Pass$38,412 $46,113 $69,888 $146,765 $129,517 $293,589 $824 $725,108 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — 112 — 661 3,602 269 4,644 
Doubtful— 169 — — — 140 — 309 
Total 1-4 family residential real estate$38,412 $46,282 $70,000 $146,765 $130,178 $297,331 $1,093 $730,061 
Current period gross charge-offs$— $56 $— $— $— $13 $— $69 
Commercial real estate:
Pass$485,665 $247,805 $358,042 $502,994 $420,483 $309,961 $43,742 $2,368,692 
Pass watch— — 51,900 103,718 — — — 155,618 
Special mention21,218 — 1,569 49,716 165 12,515 — 85,183 
Substandard1,074 32,018 — 28,181 12,168 5,778 — 79,219 
Doubtful— — — — — — — — 
Total commercial real estate$507,957 $279,823 $411,511 $684,609 $432,816 $328,254 $43,742 $2,688,712 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial loans:
Pass$65,103 $51,484 $30,011 $27,868 $9,436 $5,660 $207,515 $397,077 
Pass watch— 47 — 329 58 — — 434 
Special mention103 256 191 540 746 4 6,753 8,593 
Substandard2,901 12,723 298 661 8 63 5,787 22,441 
Doubtful81 805 263 113 104 41 — 1,407 
Total commercial loans$68,188 $65,315 $30,763 $29,511 $10,352 $5,768 $220,055 $429,952 
Current period gross charge-offs$— $1,031 $383 $140 $139 $23 $— $1,716 
Municipal loans:
Pass$— $1,800 $31,920 $55,377 $60,982 $203,245 $— $353,324 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total municipal loans$— $1,800 $31,920 $55,377 $60,982 $203,245 $— $353,324 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Loans to individuals:
Pass$15,298 $10,135 $6,091 $4,564 $3,083 $2,222 $2,012 $43,405 
Pass watch— — — — — — — — 
Special mention— — — — — — — — 
Substandard9 — 6 2 51 3 1 72 
Doubtful191 3 18 20 2 1 — 235 
Total loans to individuals$15,498 $10,138 $6,115 $4,586 $3,136 $2,226 $2,013 $43,712 
Current period gross charge-offs (1)
$1,210 $34 $15 $59 $21 $18 $— $1,357 
Total loans$737,734 $505,700 $634,926 $974,240 $654,231 $843,337 $415,121 $4,765,289 
Total current period gross charge-offs (1)
$1,210 $1,121 $398 $199 $160 $54 $— $3,142 
(1) Includes $886,000 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):
 September 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$1,481 $— $109 $1,590 $517,938 $519,528 
1-4 family residential638 1,034 441 2,113 727,948 730,061 
Commercial214 1,192 134 1,540 2,687,172 2,688,712 
Commercial loans994 1,508 913 3,415 426,537 429,952 
Municipal loans— — — — 353,324 353,324 
Loans to individuals64 20 17 101 43,611 43,712 
Total$3,391 $3,754 $1,614 $8,759 $4,756,530 $4,765,289 
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):
 September 30, 2025December 31, 2024
Nonaccrual loans:
Real estate loans:
Construction$128 $122 
1-4 family residential1,552 1,734 
Commercial1,256 171 
Commercial loans4,766 1,067 
Loans to individuals253 91 
Total nonaccrual loans (1)
7,955 3,185 
Accruing loans past due more than 90 days— — 
Restructured loans27,501 2 
OREO128 388 
Repossessed assets24 14 
Total nonperforming assets$35,608 $3,589 

(1)    Includes $1.2 million and $63,000 of restructured loans as of September 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 September 30, 2025
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$6,194 $2,781 $30,701 $4,433 $14 $298 $44,421 
Loans charged-off— — — (833)— (502)(1,335)
Recoveries of loans charged-off— 9 4 255 — 223 491 
Net loans (charged-off)
recovered		— 9 4 (578)— (279)(844)
Provision for (reversal of) loan losses30 38 383 945 (1)322 1,717 
Balance at end of period$6,224 $2,828 $31,088 $4,800 $13 $341 $45,294 


 Nine Months Ended September 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)— (1,716)— (1,357)(3,142)
Recoveries of loans charged-off— 24 13 520 — 586 1,143 
Net loans (charged-off) recovered— (45)13 (1,196)— (771)(1,999)
Provision for (reversal of) loan losses2,266 93 (4,451)3,548 (3)956 2,409 
Balance at end of period$6,224 $2,828 $31,088 $4,800 $13 $341 $45,294 

 Three Months Ended September 30, 2024
 Real Estate    
 Construction
1-4 Family
Residential
Commercial
Commercial
Loans
Municipal
Loans
Loans to
Individuals
Total
Balance at beginning of period$4,734 $2,704 $31,841 $2,942 $18 $168 $42,407 
Loans charged-off— (133)— (127)— (513)(773)
Recoveries of loans charged-off— 47 1 92 — 225 365 
Net loans (charged-off)
recovered		— (86)1 (35)— (288)(408)
Provision for (reversal of) loan losses 421 172 1,917 (507)(3)277 2,277 
Balance at end of period$5,155 $2,790 $33,759 $2,400 $15 $157 $44,276 
Nine Months Ended September 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)(261)— (494)— (1,349)(2,128)
Recoveries of loans charged-off— 91 4 339 — 722 1,156 
Net loans (charged-off) recovered(24)(170)4 (155)— (627)(972)
Provision (reversal) for loan losses (2)
(108)120 1,489 469 (4)608 2,574 
Balance at end of period$5,155 $2,790 $33,759 $2,400 $15 $157 $44,276