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Loans Receivable (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Loans Receivable, Amortized Cost by Portfolio Segment | The amortized cost of loans receivable, net of ACL on loans, consisted of the following portfolio segments and classes at the dates indicated:
| March 31, 2025 |  | December 31, 2024
| (Dollars in thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 850,764 |  |  | $ | 842,672 |
Owner-occupied CRE | 985,272 |  |  | 1,003,243 |
Non-owner occupied CRE | 1,915,788 |  |  | 1,909,107 |
Total commercial business | 3,751,824 |  |  | 3,755,022 |
Residential real estate | 393,301 |  |  | 402,954 |
Real estate construction and land development: |  |  |
Residential | 76,108 |  |  | 83,890 |
Commercial and multifamily | 377,100 |  |  | 395,553 |
Total real estate construction and land development | 453,208 |  |  | 479,443 |
Consumer | 166,515 |  |  | 164,704 |
Loans receivable | 4,764,848 |  |  | 4,802,123 |
ACL on loans | (52,160) |  |  | (52,468) |
Loans receivable, net | $ | 4,712,688 |  |  | $ | 4,749,655 |
Balances included in the amortized cost of loans receivable: |  |  |
Unamortized net discount on acquired loans | $ | (942) |  |  | $ | (1,095) |
Unamortized net deferred fee | $ | (10,182) |  |  | $ | (10,110) |
Schedule of Loans Receivable, Amortized Cost, by Risk Grade, Origination Year and Gross Charge-Offs | The following tables present the amortized cost of loans receivable by risk grade and origination year at the dates indicated:
| March 31, 2025
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |
| (Dollars in thousands)
Commercial business:
Commercial and industrial
Pass | $ | 22,000 |  |  | $ | 202,823 |  |  | $ | 121,455 |  |  | $ | 120,180 |  |  | $ | 47,970 |  |  | $ | 122,419 |  |  | $ | 162,202 |  |  | $ | 4,103 |  |  | $ | 803,152 |
SM | — |  |  | 186 |  |  | 4,376 |  |  | 6,224 |  |  | 328 |  |  | 4,378 |  |  | 9,590 |  |  | 4,660 |  |  | 29,742 |
SS | — |  |  | — |  |  | — |  |  | 561 |  |  | 40 |  |  | 6,218 |  |  | 11,051 |  |  | — |  |  | 17,870 |
Total | 22,000 |  |  | 203,009 |  |  | 125,831 |  |  | 126,965 |  |  | 48,338 |  |  | 133,015 |  |  | 182,843 |  |  | 8,763 |  |  | 850,764 |
Owner-occupied CRE
Pass | 16,722 |  |  | 112,505 |  |  | 97,896 |  |  | 134,661 |  |  | 147,111 |  |  | 443,221 |  |  | — |  |  | — |  |  | 952,116 |
SM | — |  |  | — |  |  | 2,716 |  |  | 1,211 |  |  | 2,358 |  |  | 12,694 |  |  | — |  |  | — |  |  | 18,979 |
SS | — |  |  | — |  |  | — |  |  | — |  |  | 1,171 |  |  | 13,006 |  |  | — |  |  | — |  |  | 14,177 |
Total | 16,722 |  |  | 112,505 |  |  | 100,612 |  |  | 135,872 |  |  | 150,640 |  |  | 468,921 |  |  | — |  |  | — |  |  | 985,272 |
Non-owner occupied CRE
Pass | 33,895 |  |  | 171,603 |  |  | 173,262 |  |  | 350,994 |  |  | 237,739 |  |  | 889,127 |  |  | — |  |  | — |  |  | 1,856,620 |
SM | — |  |  | — |  |  | — |  |  | — |  |  | 7,940 |  |  | 44,557 |  |  | — |  |  | — |  |  | 52,497 |
SS | — |  |  | — |  |  | — |  |  | 581 |  |  | — |  |  | 6,090 |  |  | — |  |  | — |  |  | 6,671 |
Total | 33,895 |  |  | 171,603 |  |  | 173,262 |  |  | 351,575 |  |  | 245,679 |  |  | 939,774 |  |  | — |  |  | — |  |  | 1,915,788 |
Total commercial business
Pass | 72,617 |  |  | 486,931 |  |  | 392,613 |  |  | 605,835 |  |  | 432,820 |  |  | 1,454,767 |  |  | 162,202 |  |  | 4,103 |  |  | 3,611,888 |
SM | — |  |  | 186 |  |  | 7,092 |  |  | 7,435 |  |  | 10,626 |  |  | 61,629 |  |  | 9,590 |  |  | 4,660 |  |  | 101,218 |
SS | — |  |  | — |  |  | — |  |  | 1,142 |  |  | 1,211 |  |  | 25,314 |  |  | 11,051 |  |  | — |  |  | 38,718 |
Total | 72,617 |  |  | 487,117 |  |  | 399,705 |  |  | 614,412 |  |  | 444,657 |  |  | 1,541,710 |  |  | 182,843 |  |  | 8,763 |  |  | 3,751,824 |
Residential real estate
Pass | — |  |  | 28,977 |  |  | 51,193 |  |  | 133,808 |  |  | 130,561 |  |  | 47,000 |  |  | — |  |  | — |  |  | 391,539 |
SS | — |  |  | — |  |  | — |  |  | 832 |  |  | 781 |  |  | 149 |  |  | — |  |  | — |  |  | 1,762 |
Total | — |  |  | 28,977 |  |  | 51,193 |  |  | 134,640 |  |  | 131,342 |  |  | 47,149 |  |  | — |  |  | — |  |  | 393,301 |
Real estate construction and land development:
Residential
Pass | 4,131 |  |  | 37,717 |  |  | 21,766 |  |  | 3,809 |  |  | — |  |  | 1,935 |  |  | — |  |  | — |  |  | 69,358 |
SS | — |  |  | — |  |  | 1,000 |  |  | — |  |  | 5,750 |  |  | — |  |  | — |  |  | — |  |  | 6,750 |
Total | 4,131 |  |  | 37,717 |  |  | 22,766 |  |  | 3,809 |  |  | 5,750 |  |  | 1,935 |  |  | — |  |  | — |  |  | 76,108 |
Commercial and multifamily
Pass | 3,630 |  |  | 49,300 |  |  | 167,629 |  |  | 115,567 |  |  | 10,022 |  |  | 2,841 |  |  | — |  |  | — |  |  | 348,989 |
SM | — |  |  | — |  |  | — |  |  | 893 |  |  | — |  |  | 11,593 |  |  | — |  |  | — |  |  | 12,486 |
SS | — |  |  | — |  |  | — |  |  | — |  |  | 15,625 |  |  | — |  |  | — |  |  | — |  |  | 15,625 |
Total | 3,630 |  |  | 49,300 |  |  | 167,629 |  |  | 116,460 |  |  | 25,647 |  |  | 14,434 |  |  | — |  |  | — |  |  | 377,100 |
| March 31, 2025
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |
| (Dollars in thousands)
Total real estate construction and land development
Pass | 7,761 |  |  | 87,017 |  |  | 189,395 |  |  | 119,376 |  |  | 10,022 |  |  | 4,776 |  |  | — |  |  | — |  |  | 418,347 |
SM | — |  |  | — |  |  | — |  |  | 893 |  |  | — |  |  | 11,593 |  |  | — |  |  | — |  |  | 12,486 |
SS | — |  |  | — |  |  | 1,000 |  |  | — |  |  | 21,375 |  |  | — |  |  | — |  |  | — |  |  | 22,375 |
Total | 7,761 |  |  | 87,017 |  |  | 190,395 |  |  | 120,269 |  |  | 31,397 |  |  | 16,369 |  |  | — |  |  | — |  |  | 453,208 |
Consumer
Pass | 280 |  |  | 1,754 |  |  | 1,571 |  |  | 1,455 |  |  | 300 |  |  | 20,915 |  |  | 138,342 |  |  | 366 |  |  | 164,983 |
SS | — |  |  | — |  |  | 383 |  |  | 25 |  |  | — |  |  | 880 |  |  | 226 |  |  | 18 |  |  | 1,532 |
Total | 280 |  |  | 1,754 |  |  | 1,954 |  |  | 1,480 |  |  | 300 |  |  | 21,795 |  |  | 138,568 |  |  | 384 |  |  | 166,515 |
Loans receivable
Pass | 80,658 |  |  | 604,679 |  |  | 634,772 |  |  | 860,474 |  |  | 573,703 |  |  | 1,527,458 |  |  | 300,544 |  |  | 4,469 |  |  | 4,586,757 |
SM | — |  |  | 186 |  |  | 7,092 |  |  | 8,328 |  |  | 10,626 |  |  | 73,222 |  |  | 9,590 |  |  | 4,660 |  |  | 113,704 |
SS | — |  |  | — |  |  | 1,383 |  |  | 1,999 |  |  | 23,367 |  |  | 26,343 |  |  | 11,277 |  |  | 18 |  |  | 64,387 |
Total | $ | 80,658 |  |  | $ | 604,865 |  |  | $ | 643,247 |  |  | $ | 870,801 |  |  | $ | 607,696 |  |  | $ | 1,627,023 |  |  | $ | 321,411 |  |  | $ | 9,147 |  |  | $ | 4,764,848 |
(1) Represents the loans receivable balance at March 31, 2025 which was converted from a revolving loan to a non-revolving amortizing loan during the three months ended March 31, 2025.
| December 31, 2024
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |
| (Dollars in thousands)
Commercial business:
Commercial and industrial
Pass | $ | 204,107 |  |  | $ | 127,603 |  |  | $ | 125,220 |  |  | $ | 51,126 |  |  | $ | 53,115 |  |  | $ | 78,039 |  |  | $ | 147,861 |  |  | $ | 491 |  |  | $ | 787,562 |
SM | 161 |  |  | 4,482 |  |  | 6,495 |  |  | 502 |  |  | 1,117 |  |  | 4,490 |  |  | 13,555 |  |  | 2,352 |  |  | 33,154 |
SS | — |  |  | 235 |  |  | 857 |  |  | 315 |  |  | 2,516 |  |  | 4,337 |  |  | 12,331 |  |  | 1,365 |  |  | 21,956 |
Total | 204,268 |  |  | 132,320 |  |  | 132,572 |  |  | 51,943 |  |  | 56,748 |  |  | 86,866 |  |  | 173,747 |  |  | 4,208 |  |  | 842,672 |
Owner-occupied CRE
Pass | 116,031 |  |  | 93,567 |  |  | 136,496 |  |  | 147,540 |  |  | 81,161 |  |  | 389,801 |  |  | 534 |  |  | — |  |  | 965,130 |
SM | — |  |  | 2,719 |  |  | 1,215 |  |  | 4,121 |  |  | 871 |  |  | 15,298 |  |  | — |  |  | — |  |  | 24,224 |
SS | — |  |  | — |  |  | — |  |  | 1,182 |  |  | 637 |  |  | 12,070 |  |  | — |  |  | — |  |  | 13,889 |
Total | 116,031 |  |  | 96,286 |  |  | 137,711 |  |  | 152,843 |  |  | 82,669 |  |  | 417,169 |  |  | 534 |  |  | — |  |  | 1,003,243 |
Non-owner-occupied CRE
Pass | 168,040 |  |  | 174,993 |  |  | 338,983 |  |  | 238,933 |  |  | 149,804 |  |  | 790,691 |  |  | — |  |  | 24 |  |  | 1,861,468 |
SM | — |  |  | — |  |  | — |  |  | 7,988 |  |  | — |  |  | 32,925 |  |  | — |  |  | — |  |  | 40,913 |
SS | — |  |  | — |  |  | 584 |  |  | — |  |  | — |  |  | 6,142 |  |  | — |  |  | — |  |  | 6,726 |
Total | 168,040 |  |  | 174,993 |  |  | 339,567 |  |  | 246,921 |  |  | 149,804 |  |  | 829,758 |  |  | — |  |  | 24 |  |  | 1,909,107 |
Total commercial business
Pass | 488,178 |  |  | 396,163 |  |  | 600,699 |  |  | 437,599 |  |  | 284,080 |  |  | 1,258,531 |  |  | 148,395 |  |  | 515 |  |  | 3,614,160 |
SM | 161 |  |  | 7,201 |  |  | 7,710 |  |  | 12,611 |  |  | 1,988 |  |  | 52,713 |  |  | 13,555 |  |  | 2,352 |  |  | 98,291 |
SS | — |  |  | 235 |  |  | 1,441 |  |  | 1,497 |  |  | 3,153 |  |  | 22,549 |  |  | 12,331 |  |  | 1,365 |  |  | 42,571 |
Total | 488,339 |  |  | 403,599 |  |  | 609,850 |  |  | 451,707 |  |  | 289,221 |  |  | 1,333,793 |  |  | 174,281 |  |  | 4,232 |  |  | 3,755,022 |
Residential real estate
Pass | 32,857 |  |  | 52,317 |  |  | 135,115 |  |  | 132,150 |  |  | 21,909 |  |  | 26,838 |  |  | — |  |  | — |  |  | 401,186 |
SS | — |  |  | — |  |  | 832 |  |  | 786 |  |  | — |  |  | 150 |  |  | — |  |  | — |  |  | 1,768 |
Total | 32,857 |  |  | 52,317 |  |  | 135,947 |  |  | 132,936 |  |  | 21,909 |  |  | 26,988 |  |  | — |  |  | — |  |  | 402,954 |
| December 31, 2024
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |
| (Dollars in thousands)
Real estate construction and land development:
Residential
Pass | 34,078 |  |  | 34,436 |  |  | 6,415 |  |  | — |  |  | 1,000 |  |  | 955 |  |  | 256 |  |  | — |  |  | 77,140 |
SS | — |  |  | 1,000 |  |  | — |  |  | 5,750 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,750 |
Total | 34,078 |  |  | 35,436 |  |  | 6,415 |  |  | 5,750 |  |  | 1,000 |  |  | 955 |  |  | 256 |  |  | — |  |  | 83,890 |
Commercial and multifamily
Pass | 37,022 |  |  | 169,816 |  |  | 147,789 |  |  | 9,865 |  |  | — |  |  | 3,002 |  |  | — |  |  | — |  |  | 367,494 |
SM | — |  |  | — |  |  | 893 |  |  | — |  |  | 5,655 |  |  | 5,886 |  |  | — |  |  | — |  |  | 12,434 |
SS | — |  |  | — |  |  | — |  |  | 15,625 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,625 |
Total | 37,022 |  |  | 169,816 |  |  | 148,682 |  |  | 25,490 |  |  | 5,655 |  |  | 8,888 |  |  | — |  |  | — |  |  | 395,553 |
Total real estate construction and land development
Pass | 71,100 |  |  | 204,252 |  |  | 154,204 |  |  | 9,865 |  |  | 1,000 |  |  | 3,957 |  |  | 256 |  |  | — |  |  | 444,634 |
SM | — |  |  | — |  |  | 893 |  |  | — |  |  | 5,655 |  |  | 5,886 |  |  | — |  |  | — |  |  | 12,434 |
SS | — |  |  | 1,000 |  |  | — |  |  | 21,375 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,375 |
Total | 71,100 |  |  | 205,252 |  |  | 155,097 |  |  | 31,240 |  |  | 6,655 |  |  | 9,843 |  |  | 256 |  |  | — |  |  | 479,443 |
Consumer
Pass | 1,882 |  |  | 1,513 |  |  | 1,477 |  |  | 339 |  |  | 3,196 |  |  | 20,518 |  |  | 133,355 |  |  | 820 |  |  | 163,100 |
SS | — |  |  | — |  |  | 25 |  |  | — |  |  | 115 |  |  | 609 |  |  | 60 |  |  | 795 |  |  | 1,604 |
Total | 1,882 |  |  | 1,513 |  |  | 1,502 |  |  | 339 |  |  | 3,311 |  |  | 21,127 |  |  | 133,415 |  |  | 1,615 |  |  | 164,704 |
Loans receivable
Pass | 594,017 |  |  | 654,245 |  |  | 891,495 |  |  | 579,953 |  |  | 310,185 |  |  | 1,309,844 |  |  | 282,006 |  |  | 1,335 |  |  | 4,623,080 |
SM | 161 |  |  | 7,201 |  |  | 8,603 |  |  | 12,611 |  |  | 7,643 |  |  | 58,599 |  |  | 13,555 |  |  | 2,352 |  |  | 110,725 |
SS | — |  |  | 1,235 |  |  | 2,298 |  |  | 23,658 |  |  | 3,268 |  |  | 23,308 |  |  | 12,391 |  |  | 2,160 |  |  | 68,318 |
Total | $ | 594,178 |  |  | $ | 662,681 |  |  | $ | 902,396 |  |  | $ | 616,222 |  |  | $ | 321,096 |  |  | $ | 1,391,751 |  |  | $ | 307,952 |  |  | $ | 5,847 |  |  | $ | 4,802,123 |
(1) Represents the loans receivable balance at December 31, 2024 which was converted from a revolving loan to non-revolving amortizing loan during the year ended December 31, 2024. The following tables present gross charge-offs by loan class and origination year, for the periods indicated:
| Three Months Ended March 31, 2025
| Current Period Gross Charge-offs by Origination Year |  | Revolving Loans |  |  |  | Total Gross Charge-Offs
| 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  |  |
| (Dollars in thousands)
Commercial business | $ | — |  |  | $ | — |  |  | $ | 222 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 222 |
Consumer | — |  |  | — |  |  | 10 |  |  | 2 |  |  | — |  |  | 44 |  |  | 98 |  |  |  |  | 154 |
Total | $ | — |  |  | $ | — |  |  | $ | 232 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 44 |  |  | $ | 98 |  |  |  |  | $ | 376 |
| Three Months Ended March 31, 2024
| Current Period Gross Charge-offs by Origination Year |  | Revolving Loans |  |  |  | Total Gross Charge-Offs
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  |
| (Dollars in thousands)
Commercial business | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 77 |  |  | $ | — |  |  |  |  | $ | 77 |
Consumer | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 42 |  |  | 80 |  |  |  |  | 123 |
Total | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 119 |  |  | $ | 80 |  |  |  |  | $ | 200 |
Schedule of Loans Receivable, Nonaccrual | The following tables present the amortized cost of nonaccrual loans at the dates indicated:
| March 31, 2025
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual
| (Dollars in thousands)
Commercial business: |  |  |  |  |
Commercial and industrial | $ | 1,328 |  |  | $ | — |  |  | $ | 1,328 |
Owner-occupied CRE | 2,127 |  |  | — |  |  | 2,127 |
Total commercial business | 3,455 |  |  | — |  |  | 3,455 |
Residential real estate | 832 |  |  | — |  |  | 832 |
Consumer | 151 |  |  | — |  |  | 151 |
Total | $ | 4,438 |  |  | $ | — |  |  | $ | 4,438 |
| December 31, 2024
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual
| (Dollars in thousands)
Commercial business: |  |  |  |  |
Commercial and industrial | $ | 1,002 |  |  | $ | 667 |  |  | $ | 1,669 |
Owner-occupied CRE | 2,250 |  |  | — |  |  | 2,250 |
Total commercial business | 3,252 |  |  | 667 |  |  | 3,919 |
Consumer | 160 |  |  | — |  |  | 160 |
Total | $ | 3,412 |  |  | $ | 667 |  |  | $ | 4,079 |
The following tables present the reversal of interest income on loans due to the write-off of accrued interest receivable upon the initial classification of loans as nonaccrual loans and the interest income recognized due to payment in full or sale of previously classified nonaccrual loans during the periods indicated:
| Three Months Ended March 31,
| 2025 |  | 2024
| Interest Income Reversed |  | Interest Income Recognized |  | Interest Income Reversed |  | Interest Income Recognized
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | 13 |  |  | $ | (13) |  |  | $ | 3 |
Residential real estate | (28) |  |  | — |  |  | — |  |  | — |
Total | $ | (28) |  |  | $ | 13 |  |  | $ | (13) |  |  | $ | 3 |
Schedule of Loans Receivable, Past Due | The following tables present the amortized cost of past due loans at the dates indicated:
| March 31, 2025
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 8,339 |  |  | $ | 986 |  |  | $ | 9,325 |  |  | $ | 841,439 |  |  | $ | 850,764 |
Owner-occupied CRE | — |  |  | — |  |  | — |  |  | 985,272 |  |  | 985,272 |
| March 31, 2025
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (Dollars in thousands)
Non-owner occupied CRE | 2,257 |  |  | — |  |  | 2,257 |  |  | 1,913,531 |  |  | 1,915,788 |
Total commercial business | 10,596 |  |  | 986 |  |  | 11,582 |  |  | 3,740,242 |  |  | 3,751,824 |
Residential real estate | 1,215 |  |  | 832 |  |  | 2,047 |  |  | 391,254 |  |  | 393,301 |
Real estate construction and land development:
Residential | 6,750 |  |  | — |  |  | 6,750 |  |  | 69,358 |  |  | 76,108 |
Commercial and multifamily | 5,746 |  |  | — |  |  | 5,746 |  |  | 371,354 |  |  | 377,100 |
Total real estate construction and land development | 12,496 |  |  | — |  |  | 12,496 |  |  | 440,712 |  |  | 453,208 |
Consumer | 458 |  |  | — |  |  | 458 |  |  | 166,057 |  |  | 166,515 |
Total | $ | 24,765 |  |  | $ | 1,818 |  |  | $ | 26,583 |  |  | $ | 4,738,265 |  |  | $ | 4,764,848 |
| December 31, 2024
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 659 |  |  | $ | 2,471 |  |  | $ | 3,130 |  |  | $ | 839,542 |  |  | $ | 842,672 |
Owner-occupied CRE | 1,426 |  |  | — |  |  | 1,426 |  |  | 1,001,817 |  |  | 1,003,243 |
Non-owner occupied CRE | — |  |  | — |  |  | — |  |  | 1,909,107 |  |  | 1,909,107 |
Total commercial business | 2,085 |  |  | 2,471 |  |  | 4,556 |  |  | 3,750,466 |  |  | 3,755,022 |
Residential real estate | 832 |  |  | — |  |  | 832 |  |  | 402,122 |  |  | 402,954 |
Real estate construction and land development:
Residential | — |  |  | — |  |  | — |  |  | 83,890 |  |  | 83,890 |
Commercial and multifamily | — |  |  | — |  |  | — |  |  | 395,553 |  |  | 395,553 |
Total real estate construction and land development | — |  |  | — |  |  | — |  |  | 479,443 |  |  | 479,443 |
Consumer | 339 |  |  | 160 |  |  | 499 |  |  | 164,205 |  |  | 164,704 |
Total | $ | 3,256 |  |  | $ | 2,631 |  |  | $ | 5,887 |  |  | $ | 4,796,236 |  |  | $ | 4,802,123 |
Schedule of Collateral Dependent Loans | The following tables present the type of collateral securing loans individually evaluated for credit losses and for which the repayment was expected to be provided substantially through the operation or sale of the collateral at the dates indicated, with b alances representing the amortized cost of the loan classified by the primary collateral category of each loan if multiple collateral sources secure the loan:
| March 31, 2025
| CRE |  | Farmland |  | Residential Real Estate |  |  |  | Total
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | 373 |  |  | $ | 613 |  |  |  |  | $ | 986 |
Owner-occupied CRE | 2,127 |  |  | — |  |  | — |  |  |  |  | 2,127 |
Total commercial business | 2,127 |  |  | 373 |  |  | 613 |  |  |  |  | 3,113 |
Residential real estate | — |  |  | — |  |  | 832 |  |  |  |  | 832 |
Consumer | — |  |  | — |  |  | 151 |  |  |  |  | 151 |
Total | $ | 2,127 |  |  | $ | 373 |  |  | $ | 1,596 |  |  |  |  | $ | 4,096 |
| December 31, 2024
| CRE |  | Farmland |  | Residential Real Estate |  |  |  | Total
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | 389 |  |  | $ | 613 |  |  |  |  | $ | 1,002 |
Owner-occupied CRE | 2,250 |  |  | — |  |  | — |  |  |  |  | 2,250 |
Total commercial business | 2,250 |  |  | 389 |  |  | 613 |  |  |  |  | 3,252 |
Consumer | — |  |  | — |  |  | 160 |  |  |  |  | 160 |
Total | $ | 2,250 |  |  | $ | 389 |  |  | $ | 773 |  |  |  |  | $ | 3,412 |
Schedule of Loan Modifications | The following tables present the amortized cost of loans that were experiencing both financial difficulty and modified during the periods indicated:
|  |  | Three Months Ended March 31, 2025
|  |  | Term Extension |  |  |  |  |  |  |  |  |  | Total Modified Loans |  | % of Modified Loans to Loans Receivable
|  |  | (Dollars in thousands)
Commercial business:
Commercial and industrial |  |  | $ | 13,532 |  |  |  |  |  |  |  |  |  |  | $ | 13,532 |  |  | 1.59 | %
Owner-occupied CRE |  |  | 224 |  |  |  |  |  |  |  |  |  |  | 224 |  |  | 0.02 |
Non-owner occupied CRE |  |  | 692 |  |  |  |  |  |  |  |  |  |  | 692 |  |  | 0.04 |
Total commercial business |  |  | 14,448 |  |  |  |  |  |  |  |  |  |  | 14,448 |  |  | 0.39 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily |  |  | 893 |  |  |  |  |  |  |  |  |  |  | 893 |  |  | 0.24 |
Total real estate construction and land development |  |  | 893 |  |  |  |  |  |  |  |  |  |  | 893 |  |  | 0.20 |
Consumer |  |  | 7 |  |  |  |  |  |  |  |  |  |  | 7 |  |  | — |
Total |  |  | $ | 15,348 |  |  |  |  |  |  |  |  |  |  | $ | 15,348 |  |  | 0.32 | %
|  |  | Three Months Ended March 31, 2024
|  |  | Term Extension |  |  |  |  |  |  |  |  |  | Total Modified Loans |  | % of Modified Loans to Loans Receivable
|  |  | (Dollars in thousands)
Commercial business:
Commercial and industrial |  |  | $ | 11,501 |  |  |  |  |  |  |  |  |  |  | $ | 11,501 |  |  | 1.51 | %
Non-owner occupied CRE |  |  | 2,686 |  |  |  |  |  |  |  |  |  |  | 2,686 |  |  | 0.16 |
Total commercial business |  |  | 14,187 |  |  |  |  |  |  |  |  |  |  | 14,187 |  |  | 0.42 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily |  |  | 4,148 |  |  |  |  |  |  |  |  |  |  | 4,148 |  |  | 1.11 |
Total real estate construction and land development |  |  | 4,148 |  |  |  |  |  |  |  |  |  |  | 4,148 |  |  | 0.91 |
Consumer |  |  | 20 |  |  |  |  |  |  |  |  |  |  | 20 |  |  | 0.01 |
Total |  |  | $ | 18,355 |  |  |  |  |  |  |  |  |  |  | $ | 18,355 |  |  | 0.41 | %
The following tables present the financial effects of the loan modifications presented in the preceding tables during the periods indicated:
|  |  |  | Three Months Ended March 31, 2025
|  |  |  |  | Weighted Average Years of Term Extensions
Commercial business: |  |  |  |  |
Commercial and industrial |  |  |  |  | 0.73
Owner-occupied CRE |  |  |  |  | 0.42
Non-owner occupied CRE |  |  |  |  | 0.42
Total commercial business |  |  |  |  | 0.71
Commercial and multifamily |  |  |  |  | 1.58
Consumer |  |  |  |  | 2.92
Total |  |  |  |  | 0.76
|  |  |  | Three Months Ended March 31, 2024
|  |  |  |  | Weighted Average Years of Term Extensions
Commercial business: |  |  |  |  |
Commercial and industrial |  |  |  |  | 0.29
Non-owner occupied CRE |  |  |  |  | 0.50
Total commercial business |  |  |  |  | 0.33
Commercial and multifamily |  |  |  |  | 0.25
Consumer |  |  |  |  | 1.20
Total |  |  |  |  | 0.32

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