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LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES

LOANS AND RELATED ALLOWANCE FOR CREDIT LOSSES

Major categories of loans are summarized as follows:

(dollars in thousands)			June 30, 2025						December 31, 2024
Commercial and industrial			$	419,430					$	428,389
Commercial real estate - owner occupied			317,475						322,316
Commercial real estate - non-owner occupied			907,073						899,565
Construction and land development			310,252						374,657
Multi-family			453,812						431,524
One-to-four family residential			451,197						463,968
Agricultural and farmland			271,644						293,375
Municipal, consumer, and other			217,328						252,352
Loans, before allowance for credit losses			3,348,211						3,466,146
Allowance for credit losses			(41,659)						(42,044)
Loans, net of allowance for credit losses			$	3,306,552					$	3,424,102

Allowance for Credit Losses

Management estimates the allowance for credit losses using relevant available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The discounted cash flow method is used to estimate expected credit losses for all loan categories, except for consumer loans where the weighted average remaining maturity method is utilized.

At June 30, 2025, the economic forecast used by management anticipates a mild economic slowdown, but not a recession, over the next 4 quarters considered in the forecast period, with the unemployment rate increasing slightly during the remainder of 2025 then remaining stable and gross domestic product ("GDP") growth slowing during the remainder of 2025 and then increasing in 2026. After the forecast period, the Company reverts to long-term averages over a 4-quarter reversion period. Additionally, management has made qualitative adjustments to the loss estimates to reflect other factors that influence credit losses.

The following tables detail activity in the allowance for credit losses:

			Three Months Ended June 30, 2025
(dollars in thousands)			Commercial and Industrial						Commercial Real Estate Owner Occupied						Commercial Real Estate Non-owner Occupied						Construction and Land Development						Multi-Family						One-to-four Family Residential						Agricultural and Farmland						Municipal, Consumer, and Other						Total
Beginning balance			$	6,086					$	3,300					$	11,193					$	4,621					$	4,118					$	3,755					$	1,316					$	7,722					$	42,111
Provision for credit losses			837						(20)						442						(1,172)						479						311						233						(515)						595
Charge-offs			(659)						—						—						(2)						(43)						(432)						(9)						(107)						(1,252)
Recoveries			46						31						—						3						—						43						18						64						205
Ending balance			$	6,310					$	3,311					$	11,635					$	3,450					$	4,554					$	3,677					$	1,558					$	7,164					$	41,659
			Three Months Ended June 30, 2024
(dollars in thousands)			Commercial and Industrial						Commercial Real Estate Owner Occupied						Commercial Real Estate Non-owner Occupied						Construction and Land Development						Multi-Family						One-to-four Family Residential						Agricultural and Farmland						Municipal, Consumer, and Other						Total
Beginning balance			$	5,230					$	2,157					$	10,058					$	5,545					$	3,845					$	4,846					$	1,014					$	8,120					$	40,815
Provision for credit losses			—						32						(257)						609						55						(75)						44						269						677
Charge-offs			(493)						—						—						—						(188)						(54)						—						(135)						(870)
Recoveries			24						2						15						1						—						68						1						73						184
Ending balance			$	4,761					$	2,191					$	9,816					$	6,155					$	3,712					$	4,785					$	1,059					$	8,327					$	40,806
			Six Months Ended June 30, 2025
(dollars in thousands)			Commercial and Industrial						Commercial Real Estate Owner Occupied						Commercial Real Estate Non-owner Occupied						Construction and Land Development						Multi-Family						One-to-four Family Residential						Agricultural and Farmland						Municipal, Consumer, and Other						Total
Beginning balance			$	5,357					$	3,107					$	11,707					$	4,302					$	4,331					$	3,908					$	1,170					$	8,162					$	42,044
Provision for credit losses			1,892						172						(72)						(848)						266						199						341						(859)						1,091
Charge-offs			(1,044)						(1)						—						(8)						(43)						(517)						(9)						(295)						(1,917)
Recoveries			105						33						—						4						—						87						56						156						441
Ending balance			$	6,310					$	3,311					$	11,635					$	3,450					$	4,554					$	3,677					$	1,558					$	7,164					$	41,659
			Six Months Ended June 30, 2024
(dollars in thousands)			Commercial and Industrial						Commercial Real Estate Owner Occupied						Commercial Real Estate Non-owner Occupied						Construction and Land Development						Multi-Family						One-to-four Family Residential						Agricultural and Farmland						Municipal, Consumer, and Other						Total
Beginning balance			$	4,980					$	2,272					$	7,714					$	5,998					$	3,837					$	5,204					$	975					$	9,068					$	40,048
Provision for credit losses			239						(85)						1,845						155						63						(496)						76						(560)						1,237
Charge-offs			(508)						—						—						—						(188)						(75)						—						(326)						(1,097)
Recoveries			50						4						257						2						—						152						8						145						618
Ending balance			$	4,761					$	2,191					$	9,816					$	6,155					$	3,712					$	4,785					$	1,059					$	8,327					$	40,806

Gross charge-offs, further sorted by origination year, were as follows during the three months ended June 30, 2025 and 2024.

			Gross Charge-Offs for the Three Months Ended June 30, 2025
			Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
(dollars in thousands)			2025						2024						2023						2022						2021						Prior
Commercial and industrial			$	—					$	—					$	205					$	6					$	—					$	—					$	448					$	—					$	659
Commercial real estate - owner occupied			—						—						—						—						—						—						—						—						—
Commercial real estate - non-owner occupied			—						—						—						—						—						—						—						—						—
Construction and land development			—						2						—						—						—						—						—						—						2
Multi-family			—						43						—						—						—						—						—						—						43
One-to-four family residential			—						20						—						13						—						399						—						—						432
Agricultural and farmland			—						9						—						—						—						—						—						—						9
Municipal, consumer, and other			89						6						1						—						—						—						11						—						107
Total			$	89					$	80					$	206					$	19					$	—					$	399					$	459					$	—					$	1,252
			Gross Charge-Offs for the Three Months Ended June 30, 2024
			Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
(dollars in thousands)			2024						2023						2022						2021						2020						Prior
Commercial and industrial			$	—					$	326					$	75					$	—					$	—					$	—					$	92					$	—					$	493
Commercial real estate - owner occupied			—						—						—						—						—						—						—						—						—
Commercial real estate - non-owner occupied			—						—						—						—						—						—						—						—						—
Construction and land development			—						—						—						—						—						—						—						—						—
Multi-family			—						—						—						188						—						—						—						—						188
One-to-four family residential			—						—						4						13						4						1						32						—						54
Agricultural and farmland			—						—						—						—						—						—						—						—						—
Municipal, consumer, and other			84						—						—						—						—						—						51						—						135
Total			$	84					$	326					$	79					$	201					$	4					$	1					$	175					$	—					$	870

Gross charge-offs, further sorted by origination year, were as follows during the six months ended June 30, 2025 and 2024.

			Gross Charge-Offs for the Six Months Ended June 30, 2025
			Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
(dollars in thousands)			2025						2024						2023						2022						2021						Prior
Commercial and industrial			$	—					$	—					$	524					$	6					$	46					$	—					$	468					$	—					$	1,044
Commercial real estate - owner occupied			—						—						—						—						1						—						—						—						1
Commercial real estate - non-owner occupied			—						—						—						—						—						—						—						—						—
Construction and land development			—						2						—						2						—						4						—						—						8
Multi-family			—						43						—						—						—						—						—						—						43
One-to-four family residential			—						20						—						14						—						480						3						—						517
Agricultural and farmland			—						9						—						—						—						—						—						—						9
Municipal, consumer, and other			156						66						2						—						—						—						71						—						295
Total			$	156					$	140					$	526					$	22					$	47					$	484					$	542					$	—					$	1,917
			Gross Charge-Offs for the Six Months Ended June 30, 2024
			Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
(dollars in thousands)			2024						2023						2022						2021						2020						Prior
Commercial and industrial			$	—					$	329					$	75					$	—					$	—					$	11					$	93					$	—					$	508
Commercial real estate - owner occupied			—						—						—						—						—						—						—						—						—
Commercial real estate - non-owner occupied			—						—						—						—						—						—						—						—						—
Construction and land development			—						—						—						—						—						—						—						—						—
Multi-family			—						—						—						188						—						—						—						—						188
One-to-four family residential			—						—						7						13						4						7						44						—						75
Agricultural and farmland			—						—						—						—						—						—						—						—						—
Municipal, consumer, and other			128						56						6						—						—						—						136						—						326
Total			$	128					$	385					$	88					$	201					$	4					$	18					$	273					$	—					$	1,097

The following tables present loans and the related allowance for credit losses by category:

						June 30, 2025
(dollars in thousands)						Commercial and Industrial						Commercial Real Estate Owner Occupied						Commercial Real Estate Non-owner Occupied						Construction and Land Development						Multi-Family						One-to-four Family Residential						Agricultural and Farmland						Municipal, Consumer, and Other						Total
Loan balances:
Collectively evaluated for impairment						$	418,251					$	316,989					$	894,272					$	309,777					$	453,768					$	447,802					$	271,644					$	203,336					$	3,315,839
Individually evaluated for impairment						1,179						486						12,801						475						44						3,395						—						13,992						32,372
Total						$	419,430					$	317,475					$	907,073					$	310,252					$	453,812					$	451,197					$	271,644					$	217,328					$	3,348,211
Allowance for credit losses:
Collectively evaluated for impairment						$	6,031					$	3,307					$	11,183					$	3,450					$	4,554					$	3,666					$	1,558					$	5,230					$	38,979
Individually evaluated for impairment						279						4						452						—						—						11						—						1,934						2,680
Total						$	6,310					$	3,311					$	11,635					$	3,450					$	4,554					$	3,677					$	1,558					$	7,164					$	41,659
						December 31, 2024
(dollars in thousands)						Commercial and Industrial						Commercial Real Estate Owner Occupied						Commercial Real Estate Non-owner Occupied						Construction and Land Development						Multi-Family						One-to-four Family Residential						Agricultural and Farmland						Municipal, Consumer, and Other						Total
Loan balances:
Collectively evaluated for impairment						$	427,737					$	322,159					$	884,832					$	374,408					$	431,432					$	459,790					$	293,240					$	241,765					$	3,435,363
Individually evaluated for impairment						652						157						14,733						249						92						4,178						135						10,587						30,783
Total						$	428,389					$	322,316					$	899,565					$	374,657					$	431,524					$	463,968					$	293,375					$	252,352					$	3,466,146
Allowance for credit losses:
Collectively evaluated for impairment						$	5,344					$	3,107					$	11,201					$	4,269					$	4,239					$	3,747					$	1,170					$	5,901					$	38,978
Individually evaluated for impairment						13						—						506						33						92						161						—						2,261						3,066
Total						$	5,357					$	3,107					$	11,707					$	4,302					$	4,331					$	3,908					$	1,170					$	8,162					$	42,044

The following tables present collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related allowance for credit losses allocated to these loans:

						June 30, 2025
						Amortized Cost																								Allowance for Credit Losses
						Primary Collateral Type
(dollars in thousands)						Real Estate						Vehicles						Other						Total
Commercial and industrial						$	—					$	566					$	613					$	1,179					$	279
Commercial real estate - owner occupied						486						—						—						486						4
Commercial real estate - non-owner occupied						12,801						—						—						12,801						452
Construction and land development						475						—						—						475						—
Multi-family						44						—						—						44						—
One-to-four family residential						3,395						—						—						3,395						11
Agricultural and farmland						—						—						—						—						—
Municipal, consumer, and other						9,995						—						3,997						13,992						1,934
Total						$	27,196					$	566					$	4,610					$	32,372					$	2,680
						December 31, 2024
						Amortized Cost																								Allowance for Credit Losses
						Primary Collateral Type
(dollars in thousands)						Real Estate						Vehicles						Other						Total
Commercial and industrial						$	—					$	627					$	25					$	652					$	13
Commercial real estate - owner occupied						157						—						—						157						—
Commercial real estate - non-owner occupied						14,733						—						—						14,733						506
Construction and land development						249						—						—						249						33
Multi-family						92						—						—						92						92
One-to-four family residential						4,178						—						—						4,178						161
Agricultural and farmland						—						—						135						135						—
Municipal, consumer, and other						10,569						5						13						10,587						2,261
Total						$	29,978					$	632					$	173					$	30,783					$	3,066

Accrued interest on loans is excluded from the estimate of credit losses and totaled $15.3 million and $19.6 million as of June 30, 2025 and December 31, 2024, respectively.

Past Due and Nonaccrual Status

Past due status is based on the contractual terms of the loan. Typically, loans are placed on nonaccrual when they reach 90 days past due, or when, in management’s opinion, there is reasonable doubt regarding the collection of the amounts due through the normal means of the borrower. Interest accrued and unpaid at the time a loan is placed on nonaccrual status is reversed from interest income. Interest payments received on nonaccrual loans are recognized in accordance with our significant accounting policies. Once a loan is placed on nonaccrual status, the borrower must generally demonstrate at least six months of payment performance and we must believe that all remaining principal and interest is fully collectible, before the loan is eligible to return to accrual status.

The following tables present loans by category based on current payment and accrual status:

						June 30, 2025
						Accruing Interest
(dollars in thousands)						Current						30 - 89 Days Past Due						90+ Days Past Due						Nonaccrual						Total Loans
Commercial and industrial						$	416,736					$	1,511					$	4					$	1,179					$	419,430
Commercial real estate - owner occupied						316,452						537						—						486						317,475
Commercial real estate - non-owner occupied						907,041						—						—						32						907,073
Construction and land development						297,680						12,097						—						475						310,252
Multi-family						453,768						—						—						44						453,812
One-to-four family residential						446,841						961						—						3,395						451,197
Agricultural and farmland						270,967						677						—						—						271,644
Municipal, consumer, and other						217,169						150						5						4						217,328
Total						$	3,326,654					$	15,933					$	9					$	5,615					$	3,348,211

						December 31, 2024
						Accruing Interest
(dollars in thousands)						Current						30 - 89 Days Past Due						90+ Days Past Due						Nonaccrual						Total Loans
Commercial and industrial						$	425,859					$	1,878					$	—					$	652					$	428,389
Commercial real estate - owner occupied						321,805						354						—						157						322,316
Commercial real estate - non-owner occupied						897,445						299						—						1,821						899,565
Construction and land development						373,933						475						—						249						374,657
Multi-family						431,432						—						—						92						431,524
One-to-four family residential						459,069						721						—						4,178						463,968
Agricultural and farmland						293,231						9						—						135						293,375
Municipal, consumer, and other						251,798						182						4						368						252,352
Total						$	3,454,572					$	3,918					$	4					$	7,652					$	3,466,146

The following tables present nonaccrual loans with and without a related allowance for credit losses:

						June 30, 2025
(dollars in thousands)						Nonaccrual With Allowance for Credit Losses						Nonaccrual With No Allowance for Credit Losses						Total Nonaccrual
Commercial and industrial						$	993					$	186					$	1,179
Commercial real estate - owner occupied						329						157						486
Commercial real estate - non-owner occupied						—						32						32
Construction and land development						—						475						475
Multi-family						—						44						44
One-to-four family residential						50						3,345						3,395
Agricultural and farmland						—						—						—
Municipal, consumer, and other						—						4						4
Total						$	1,372					$	4,243					$	5,615
						December 31, 2024
(dollars in thousands)						Nonaccrual With Allowance for Credit Losses						Nonaccrual With No Allowance for Credit Losses						Total Nonaccrual
Commercial and industrial						$	185					$	467					$	652
Commercial real estate - owner occupied						—						157						157
Commercial real estate - non-owner occupied						—						1,821						1,821
Construction and land development						216						33						249
Multi-family						92						—						92
One-to-four family residential						654						3,524						4,178
Agricultural and farmland						—						135						135
Municipal, consumer, and other						—						368						368
Total						$	1,147					$	6,505					$	7,652

Credit Quality Indicators

The Company assigns a risk rating to all loans and periodically performs detailed internal reviews of all loans that are part of relationships with over $750 thousand in total exposure to identify credit risks and to assess the overall collectability of the portfolio. During these internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate and the fair values of collateral securing the loans. These credit quality indicators are used to assign a risk rating to each individual loan. Risk ratings are reviewed annually, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. These risk ratings are also subject to review by the Company’s regulators, external loan review, and internal loan review. Risk ratings are grouped into the following major categories:

Pass – a pass loan is a credit with no existing or known potential weaknesses deserving of management’s close attention.

Pass-Watch – a pass-watch loan is still considered a "pass" credit and is not a classified or criticized asset, but is a reflection of a borrower who exhibits credit weaknesses or downward trends warranting close attention and increased monitoring. These potential weaknesses may result in deterioration of the repayment prospects for the loan. No loss of principal or interest is expected, and the borrower does not pose sufficient risk to warrant a special mention, substandard, or doubtful classification.

Special Mention – a special mention loan has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the assets or in the institution's credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification.

Substandard – a substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized as probable that the borrower will not pay principal and interest in accordance with the contractual terms.

Doubtful – a doubtful loan has all the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. There were no loans classified as doubtful as of June 30, 2025 and December 31, 2024.

The following tables present loans by category based on their assigned risk ratings determined by management:

						June 30, 2025
(dollars in thousands)						Pass						Pass-Watch						Special Mention						Substandard						Total
Commercial and industrial						$	396,056					$	16,948					$	5					$	6,421					$	419,430
Commercial real estate - owner occupied						287,046						16,775						3,646						10,008						317,475
Commercial real estate - non-owner occupied						855,023						24,080						270						27,700						907,073
Construction and land development						287,333						1,543						—						21,376						310,252
Multi-family						442,580						11,188						—						44						453,812
One-to-four family residential						435,911						8,516						94						6,676						451,197
Agricultural and farmland						238,233						20,111						2,388						10,912						271,644
Municipal, consumer, and other						202,433						875						—						14,020						217,328
Total						$	3,144,615					$	100,036					$	6,403					$	97,157					$	3,348,211

						December 31, 2024
(dollars in thousands)						Pass						Pass-Watch						Special Mention						Substandard						Total
Commercial and industrial						$	404,779					$	16,429					$	1,957					$	5,224					$	428,389
Commercial real estate - owner occupied						297,150						14,969						2,713						7,484						322,316
Commercial real estate - non-owner occupied						843,487						21,594						—						34,484						899,565
Construction and land development						351,657						1,376						20,847						777						374,657
Multi-family						411,842						3,855						15,735						92						431,524
One-to-four family residential						448,869						6,641						710						7,748						463,968
Agricultural and farmland						269,926						18,154						521						4,774						293,375
Municipal, consumer, and other						236,686						929						4,107						10,630						252,352
Total						$	3,264,396					$	83,947					$	46,590					$	71,213					$	3,466,146

Risk ratings of loans, further sorted by origination year, are as follows as of June 30, 2025:

(dollars in thousands)						Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
						2025						2024						2023						2022						2021						Prior
Commercial and industrial
Pass						$	26,114					$	58,597					$	50,691					$	42,486					$	9,664					$	26,394					$	179,937					$	2,173					$	396,056
Pass-Watch						—						626						1,813						693						958						1,076						10,650						1,132						16,948
Special Mention						—						—						—						—						—						—						5						—						5
Substandard						—						1						1,674						1,187						753						—						993						1,813						6,421
Total						$	26,114					$	59,224					$	54,178					$	44,366					$	11,375					$	27,470					$	191,585					$	5,118					$	419,430
Commercial real estate - owner occupied
Pass						$	25,555					$	55,589					$	22,939					$	51,648					$	46,782					$	71,129					$	13,025					$	379					$	287,046
Pass-Watch						571						1,547						257						3,533						1,920						1,455						7,492						—						16,775
Special Mention						—						1,781						—						—						—						365						1,500						—						3,646
Substandard						1,384						809						656						661						3,636						1,147						1,650						65						10,008
Total						$	27,510					$	59,726					$	23,852					$	55,842					$	52,338					$	74,096					$	23,667					$	444					$	317,475
Commercial real estate - non-owner occupied
Pass						$	109,100					$	85,166					$	106,171					$	200,368					$	216,591					$	109,470					$	26,624					$	1,533					$	855,023
Pass-Watch						2,193						3,640						407						1,720						1,923						13,470						727						—						24,080
Special Mention						—						—						—						—						270						—						—						—						270
Substandard						20,021						5,464						203						—						—						2,012						—						—						27,700
Total						$	131,314					$	94,270					$	106,781					$	202,088					$	218,784					$	124,952					$	27,351					$	1,533					$	907,073
Construction and land development
Pass						$	69,379					$	139,871					$	37,454					$	13,059					$	12,732					$	1,158					$	13,445					$	235					$	287,333
Pass-Watch						18						248						—						—						—						17						1,260						—						1,543
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						12,097						475						—						8,753						—						51						—						—						21,376
Total						$	81,494					$	140,594					$	37,454					$	21,812					$	12,732					$	1,226					$	14,705					$	235					$	310,252
Multi-family
Pass						$	35,804					$	46,461					$	87,416					$	103,625					$	83,364					$	83,628					$	1,216					$	1,066					$	442,580
Pass-Watch						2,752						—						17						—						592						7,827						—						—						11,188
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						—						44						—						—						—						—						—						—						44
Total						$	38,556					$	46,505					$	87,433					$	103,625					$	83,956					$	91,455					$	1,216					$	1,066					$	453,812
One-to-four family residential
Pass						$	36,499					$	31,062					$	77,113					$	77,942					$	63,318					$	86,577					$	57,749					$	5,651					$	435,911
Pass-Watch						124						2,239						1,227						940						965						2,509						252						260						8,516
Special Mention						—						—						—						—						—						94						—						—						94
Substandard						314						231						331						505						444						4,550						16						285						6,676
Total						$	36,937					$	33,532					$	78,671					$	79,387					$	64,727					$	93,730					$	58,017					$	6,196					$	451,197
Agricultural and farmland
Pass						$	33,814					$	29,950					$	29,160					$	17,330					$	26,037					$	21,717					$	79,796					$	429					$	238,233
Pass-Watch						2,841						580						2,825						3,232						1,040						1,309						8,186						98						20,111
Special Mention						1,211						—						8						—						5						—						1,164						—						2,388
Substandard						1,328						330						677						1,819						907						3,138						2,073						640						10,912
Total						$	39,194					$	30,860					$	32,670					$	22,381					$	27,989					$	26,164					$	91,219					$	1,167					$	271,644

(dollars in thousands)						Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
						2025						2024						2023						2022						2021						Prior
Municipal, consumer, and other
Pass						$	21,862					$	36,768					$	18,345					$	18,140					$	22,821					$	47,715					$	36,782					$	—					$	202,433
Pass-Watch						—						97						25						—						8						743						2						—						875
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						17						5						4						4						—						13,988						2						—						14,020
Total						$	21,879					$	36,870					$	18,374					$	18,144					$	22,829					$	62,446					$	36,786					$	—					$	217,328
Total by risk rating
Pass						$	358,127					$	483,464					$	429,289					$	524,598					$	481,309					$	447,788					$	408,574					$	11,466					$	3,144,615
Pass-Watch						8,499						8,977						6,571						10,118						7,406						28,406						28,569						1,490						100,036
Special Mention						1,211						1,781						8						—						275						459						2,669						—						6,403
Substandard						35,161						7,359						3,545						12,929						5,740						24,886						4,734						2,803						97,157
Total						$	402,998					$	501,581					$	439,413					$	547,645					$	494,730					$	501,539					$	444,546					$	15,759					$	3,348,211

Risk ratings of loans, further sorted by origination year, are as follows as of December 31, 2024:

(dollars in thousands)						Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
						2024						2023						2022						2021						2020						Prior
Commercial and industrial
Pass						$	46,635					$	43,007					$	44,701					$	11,617					$	17,913					$	41,397					$	197,516					$	1,993					$	404,779
Pass-Watch						475						1,310						186						1,121						—						1,775						10,613						949						16,429
Special Mention						—						281						272						173						—						—						1,231						—						1,957
Substandard						—						1,913						1,016						721						—						—						939						635						5,224
Total						$	47,110					$	46,511					$	46,175					$	13,632					$	17,913					$	43,172					$	210,299					$	3,577					$	428,389
Commercial real estate - owner occupied
Pass						$	63,546					$	23,607					$	56,509					$	48,867					$	39,679					$	44,108					$	19,766					$	1,068					$	297,150
Pass-Watch						6,478						395						3,698						2,111						542						1,374						371						—						14,969
Special Mention						1,877						—						—						150						—						—						686						—						2,713
Substandard						819						700						506						3,707						1,241						511						—						—						7,484
Total						$	72,720					$	24,702					$	60,713					$	54,835					$	41,462					$	45,993					$	20,823					$	1,068					$	322,316
Commercial real estate - non-owner occupied
Pass						$	92,125					$	108,688					$	245,168					$	222,479					$	84,054					$	65,935					$	23,425					$	1,613					$	843,487
Pass-Watch						3,173						421						6,656						4,031						2,442						4,871						—						—						21,594
Special Mention						—						—						—						—						—						—						—						—						—
Substandard						23,245						9,191						—						—						—						2,048						—						—						34,484
Total						$	118,543					$	118,300					$	251,824					$	226,510					$	86,496					$	72,854					$	23,425					$	1,613					$	899,565
Construction and land development
Pass						$	181,274					$	73,773					$	65,045					$	21,542					$	590					$	693					$	8,228					$	512					$	351,657
Pass-Watch						—						—						—						—						—						18						697						661						1,376
Special Mention						—						—						8,750						12,097						—						—						—						—						20,847
Substandard						475						—						216						—						—						86						—						—						777
Total						$	181,749					$	73,773					$	74,011					$	33,639					$	590					$	797					$	8,925					$	1,173					$	374,657
Multi-family
Pass						$	46,969					$	80,450					$	88,823					$	101,284					$	50,652					$	40,839					$	2,375					$	450					$	411,842
Pass-Watch						2,791						—						567						—						—						492						—						5						3,855
Special Mention						6,936						—						—						—						8,799						—						—						—						15,735
Substandard						92						—						—						—						—						—						—						—						92
Total						$	56,788					$	80,450					$	89,390					$	101,284					$	59,451					$	41,331					$	2,375					$	455					$	431,524
One-to-four family residential
Pass						$	44,914					$	87,184					$	79,834					$	71,466					$	57,258					$	43,455					$	59,446					$	5,312					$	448,869
Pass-Watch						1,126						1,271						936						242						405						2,252						134						275						6,641
Special Mention						—						—						—						592						118						—						—						—						710
Substandard						281						522						861						473						382						4,824						16						389						7,748
Total						$	46,321					$	88,977					$	81,631					$	72,773					$	58,163					$	50,531					$	59,596					$	5,976					$	463,968
Agricultural and farmland
Pass						$	42,272					$	35,593					$	32,146					$	28,714					$	27,865					$	7,656					$	94,977					$	703					$	269,926
Pass-Watch						100						2,671						1,424						1,403						508						861						10,633						554						18,154
Special Mention						134						87						—						—						—						—						300						—						521
Substandard						332						51						494						9						3,183						—						319						386						4,774
Total						$	42,838					$	38,402					$	34,064					$	30,126					$	31,556					$	8,517					$	106,229					$	1,643					$	293,375

(dollars in thousands)						Term Loans by Origination Year																																				Revolving Loans						Revolving Loans Converted to Term						Total
						2024						2023						2022						2021						2020						Prior
Municipal, consumer, and other
Pass						$	77,779					$	37,678					$	14,475					$	23,204					$	12,479					$	37,460					$	33,611					$	—					$	236,686
Pass-Watch						103						50						6						12						—						757						1						—						929
Special Mention						—						—						—						—						—						4,107						—						—						4,107
Substandard						21						5						33						—						—						10,570						1						—						10,630
Total						$	77,903					$	37,733					$	14,514					$	23,216					$	12,479					$	52,894					$	33,613					$	—					$	252,352
Total by risk rating
Pass						$	595,514					$	489,980					$	626,701					$	529,173					$	290,490					$	281,543					$	439,344					$	11,651					$	3,264,396
Pass-Watch						14,246						6,118						13,473						8,920						3,897						12,400						22,449						2,444						83,947
Special Mention						8,947						368						9,022						13,012						8,917						4,107						2,217						—						46,590
Substandard						25,265						12,382						3,126						4,910						4,806						18,039						1,275						1,410						71,213
Total						$	643,972					$	508,848					$	652,322					$	556,015					$	308,110					$	316,089					$	465,285					$	15,505					$	3,466,146

Modifications

There were no loan modifications to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 and 2024. As of June 30, 2025 and December 31, 2024, modified loans totaled $0.5 million and $0.5 million, respectively, and were current and performing in accordance with the modified terms.

Pledged Loans

As of June 30, 2025 and December 31, 2024, the Company pledged loans totaling $1.81 billion and $1.91 billion, respectively, to the Federal Home Loan Bank of Chicago (“FHLB”) to secure available FHLB advance borrowing capacity.

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