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Loans and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans, Net of Unamortized Net Deferred Fees
The table below presents HFI Loans, net of unamortized net deferred fees, summarized by portfolio segment.
As of
June 30, 2026December 31, 2025
(dollars in thousands)Amount%Amount%
Commercial$1,540,766 23 %$1,338,486 18 %
Income producing - commercial real estate2,729,383 41 %3,350,718 46 %
Owner occupied - commercial real estate1,660,748 25 %1,602,124 22 %
Real estate mortgage - residential35,535 1 %37,100 1 %
Construction - commercial and residential523,121 8 %795,400 11 %
Construction - C&I (owner occupied)88,458 1 %108,468 1 %
Home equity43,479 1 %47,448 1 %
Other consumer945 — %715 — %
Total loans6,622,435 100 %7,280,459 100 %
Less: allowance for credit losses(121,141)(159,604)
Net loans (1)
$6,501,294 $7,120,855 
(1)Excludes accrued interest receivable of $30.8 million and $35.9 million as of June 30, 2026 and December 31, 2025, respectively, which were recorded in other assets on the Consolidated Balance Sheets.
Schedule of Detail Activity in the Allowance for Credit Losses by Portfolio Segment
The table below details activity in the ACL by portfolio segment of HFI Loans. The Company has updated its allocation methodology to better reflect the ACL attributable to loan categories and collateral types. Conforming changes have been made to prior period amounts. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
(dollars in thousands)CommercialIncome 
Producing - Commercial Real Estate		Owner 
Occupied - Commercial Real Estate		Real Estate Mortgage - ResidentialConstruction -Commercial 
and Residential		Construction - C&I (Owner Occupied)Home EquityOther ConsumerTotal
For the Three Months Ended June 30, 2026
Allowance for credit losses:
Balance at beginning of quarter
$26,291 $88,169 $17,997 $315 $12,603 $1,124 $631 $33 $147,163 
Loans charged-off(2,388)(37,970)— — (8,703)— — — (49,061)
Recoveries of loans previously charged-off34 1,086 13 — 6 — — — 1,139 
Net loans (charged-off) and recovered(2,354)(36,884)13 — (8,697)— — — (47,922)
Provision for (reversal of) credit losses4,736 17,539 (824)(10)501 (12)(26)(4)21,900 
Ending balance$28,673 $68,824 $17,186 $305 $4,407 $1,112 $605 $29 $121,141 
For the Three Months Ended June 30, 2025
Allowance for credit losses:
Balance at beginning of quarter
$20,662 $61,937 $26,872 $670 $16,891 $1,680 $724 $33 $129,469 
Loans charged-off(698)(68,025)(4,935)— (10,703)— — (31)(84,392)
Recoveries of loans previously charged-off162 329 23 — — — — — 514 
Net loans (charged-off) and recovered(536)(67,696)(4,912)— (10,703)— — (31)(83,878)
Provision for (reversal of) credit losses8,829 99,965 5,222 144 19,801 3,889 308 47 138,205 
Ending balance$28,955 $94,206 $27,182 $814 $25,989 $5,569 $1,032 $49 $183,796 
For the Six Months Ended June 30, 2026
Allowance for credit losses:              
Balance at beginning of period
$26,607 $98,707 $20,719 $339 $11,171 $1,515 $519 $27 $159,604 
Loans charged-off(13,921)(49,527)(2,926)(80)(8,703)— — — (75,157)
Recoveries of loans previously charged-off122 1,123 37 — 6 — — — 1,288 
Net loans (charged-off) and recovered(13,799)(48,404)(2,889)(80)(8,697)— — — (73,869)
Provision for (reversal of) credit losses15,865 18,521 (644)46 1,933 (403)86 2 35,406 
Ending balance$28,673 $68,824 $17,186 $305 $4,407 $1,112 $605 $29 $121,141 
For the Six Months Ended June 30, 2025
Allowance for credit losses:
Balance at beginning of year$19,390 $55,185 $22,654 $610 $14,585 $1,282 $653 $31 $114,390 
Loans charged-off(968)(74,195)(9,797)— (10,703)— — (35)(95,698)
Recoveries of loans previously charged-off215 329 47 — — — — — 591 
Net loans (charged-off) and recovered(753)(73,866)(9,750)— (10,703)— — (35)(95,107)
Provision for (reversal of) credit losses10,318 112,887 14,278 204 22,107 4,287 379 53 164,513 
Ending balance$28,955 $94,206 $27,182 $814 $25,989 $5,569 $1,032 $49 $183,796 
Schedule of Amortized Cost Basis of Collateral-Dependent Loans by Class of Loans
The table below presents the amortized cost basis of collateral-dependent HFI loans by portfolio segment.
As of
June 30, 2026December 31, 2025
(dollars in thousands)Business/Other AssetsReal EstateBusiness/Other AssetsReal Estate
Commercial$22,554 $2,669 $15,285 $2,813 
Income producing-commercial real estate
880 74,185 880 61,657 
Owner occupied - commercial real estate— 5,095 — 7,938 
Real estate mortgage- residential— 552 — 579 
Construction - commercial and residential— 4,952 — 17,394 
Home equity137 501 — 351 
Total$23,571 $87,954 $16,165 $90,732 
Schedule of the Risk Category of Loans by Class of Loans The table below presents the amortized cost basis of HFI loans by risk category, class and year of origination, along with any charge-offs that were recorded in the applicable loan segment, if applicable. The table below excludes $36.7 million of gross charge-offs associated with loans that were reclassified to HFS or sold as of June 30, 2026.
As of June 30, 2026
(dollars in thousands)Prior2022202320242025
2026
Revolving Loans Amort. Cost BasisRevolving Loans Convert. to TermTotal
Commercial:
Pass$95,440 $32,257 $67,680 $85,140 $357,968 $251,052 $558,378 $25,975 $1,473,890 
Special Mention43 2,115 — — — — 16,906 — 19,064 
Substandard18,604 6,927 391 6,994 — 2,796 11,599 501 47,812 
Total114,087 41,299 68,071 92,134 357,968 253,848 586,883 26,476 1,540,766 
YTD gross charge-offs(9,621)(53)— — — — (2,045)(11,719)
Income producing - commercial real estate:
Pass1,055,480 381,599 386,963 87,161 123,191 15,605 140,390 — 2,190,389 
Special Mention125,863 56,189 — — — — — — 182,052 
Substandard227,385 128,949 — — — — 608 — 356,942 
Total1,408,728 566,737 386,963 87,161 123,191 15,605 140,998 — 2,729,383 
YTD gross charge-offs(23,744)— — — — — — — (23,744)
Owner occupied - commercial real estate:
Pass776,000 90,699 130,068 127,161 338,073 134,157 1 — 1,596,159 
Special Mention28,927 — — — 16,445 — — — 45,372 
Substandard19,217 — — — — — — — 19,217 
Total824,144 90,699 130,068 127,161 354,518 134,157 1 — 1,660,748 
YTD gross charge-offs(2,926)— — — — — — — (2,926)
Real estate mortgage - residential:
Pass18,395 10,767 5,821 — — — — — 34,983 
Substandard552 — — — — — — — 552 
Total18,947 10,767 5,821 — — — — — 35,535 
Construction - commercial and residential:
Pass100,756 170,824 75,000 9,525 41,816 7,298 48,010 7,935 461,164 
Special Mention— — — — — — 27,699 — 27,699 
Substandard15,591 14,993 131 — — — 3,543 — 34,258 
Total116,347 185,817 75,131 9,525 41,816 7,298 79,252 7,935 523,121 
YTD gross charge-offs(28)— — — — — — — (28)
Construction - C&I (owner occupied):
Pass3,671 — 9,639 45,815 27,517 1,046 770 — 88,458 
Home equity:
Pass1,666 113 — — — — 40,398 310 42,487 
Substandard415 — — — — 36 376 165 992 
Total2,081 113 — — — 36 40,774 475 43,479 
Other consumer:
Pass— — — — 113 22 810 — 945 
Total Recorded Investment$2,488,005 $895,432 $675,693 $361,796 $905,123 $412,012 $849,488 $34,886 $6,622,435 
Total YTD gross charge-offs$(36,319)$(53)$— $— $— $— $(2,045)$— $(38,417)
As of December 31, 2025
(dollars in thousands)Prior2021202220232024
2025
Revolving Loans Amort. Cost BasisRevolving Loans Convert. to TermTotal
Commercial:
Pass$92,082 $18,390 $35,098 $66,402 $83,098 $357,934 $593,711 $3,815 $1,250,530 
Special Mention524 309 11,264 994 10,360 — 7,018 — 30,469 
Substandard22,721 433 18,134 406 — — 13,102 2,691 57,487 
Total115,327 19,132 64,496 67,802 93,458 357,934 613,831 6,506 1,338,486 
YTD gross charge-offs(1,208)(525)(304)— (57)— (296)— (2,390)
Income producing - commercial real estate:
Pass1,087,720 435,579 533,070 364,692 88,823 123,114 145,256 13,381 2,791,635 
Special Mention86,600 43,104 56,157 — — — — — 185,861 
Substandard167,878 90,035 114,451 — — — 858 — 373,222 
Total1,342,198 568,718 703,678 364,692 88,823 123,114 146,114 13,381 3,350,718 
YTD gross charge-offs(35,833)— — — — — (10,500)— (46,333)
Owner occupied - commercial real estate:
Pass667,233 209,803 89,580 132,719 126,792 356,437 636 — 1,583,200 
Substandard14,263 3,137 1,072 452 — — — — 18,924 
Total681,496 212,940 90,652 133,171 126,792 356,437 636 — 1,602,124 
YTD gross charge-offs(22,238)— — — — — — (22,238)
Real estate mortgage - residential:
Pass13,331 6,411 10,941 5,838 — — — — 36,521 
Substandard579 — — — — — — — 579 
Total13,910 6,411 10,941 5,838 — — — — 37,100 
Construction - commercial and residential:
Pass10,095 106,241 307,223 120,558 10,228 23,415 92,900 8,294 678,954 
Special Mention— — 25,082 — — — 27,469 — 52,551 
Substandard35,517 11,618 15,320 — — — 1,440 — 63,895 
Total45,612 117,859 347,625 120,558 10,228 23,415 121,809 8,294 795,400 
YTD gross charge-offs(1,579)— — — — — — — (1,579)
Construction - C&I (owner occupied):
Pass3,737 — — 10,199 43,484 18,945 791 31,312 108,468 
Home equity:
Pass1,282 35 114 — — — 44,822 805 47,058 
Substandard248 — — — — — 82 60 390 
Total1,530 35 114 — — — 44,904 865 47,448 
  YTD gross charge-offs
— (206)— — — — — — (206)
Other consumer:
Pass— — — — — 156 559 — 715 
YTD gross charge-offs(3)— — — — — — (32)(35)
Total Recorded Investment$2,203,810 $925,095 $1,217,506 $702,260 $362,785 $880,001 $928,644 $60,358 $7,280,459 
Total YTD gross charge-offs$(60,861)$(731)$(304)$— $(57)$— $(10,796)$(32)$(72,781)
Schedule of Information Related to Nonaccrual Loans by Class
The table below presents, by portfolio segment, information related to the amortized cost basis of nonaccrual HFI loans.
As of
June 30, 2026
December 31, 2025
(dollars in thousands)Nonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossesTotal Nonaccrual LoansNonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossesTotal Nonaccrual Loans
Commercial$3,120 $21,648 $24,768 $3,397 $14,702 $18,099 
Income producing - commercial real estate30,872 44,250 75,122 38,275 24,262 62,537 
Owner occupied - commercial real estate5,093 — 5,093 3,199 4,738 7,937 
Real estate mortgage - residential552 — 552 579 — 579 
Construction- commercial and residential4,262 690 4,952 2,074 15,320 17,394 
Home equity450 187 637 333 18 351 
Total (1)
$44,349 $66,775 $111,124 $47,857 $59,040 $106,897 
(1)Gross coupon interest income of $6.0 million, and $10.2 million would have been recorded for the six months ended June 30, 2026 and 2025, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms. Interest income recognized on loans on nonaccrual status was $2.7 million and $6.7 million for the six months ended June 30, 2026 and 2025, respectively. See "Note 1 – Summary of Significant Accounting Policies" to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.
Schedule of Class of Loan, an Aging Analysis and the Recorded Investments in Loans Past Due
The table below presents, by portfolio segment, an aging analysis and the recorded investments in HFI loans past due.
As of June 30, 2026
(dollars in thousands)Loans 30-59 Days Past DueLoans 60-89 Days Past DueLoans 90 Days or More Past 
Due		Total Past Due LoansCurrent LoansNonaccrual LoansTotal Recorded Investment in Loans
Commercial$1,062 $145 $— $1,207 $1,514,791 $24,768 $1,540,766 
Income producing - commercial real estate42,704 — — 42,704 2,611,557 75,122 2,729,383 
Owner occupied - commercial real estate176 — — 176 1,655,479 5,093 1,660,748 
Real estate mortgage – residential— — — — 34,983 552 35,535 
Construction - commercial and residential— — — — 518,169 4,952 523,121 
Construction - C&I (owner occupied)— — — — 88,458 — 88,458 
Home equity— — — — 42,842 637 43,479 
Other consumer— — — — 945 — 945 
Total$43,942 $145 $— $44,087 $6,467,224 $111,124 $6,622,435 
As of December 31, 2025
(dollars in thousands)Loans 30-59 Days Past DueLoans 60-89 Days Past DueLoans 90 Days or More Past 
Due		Total Past Due LoansCurrent LoansNonaccrual LoansTotal Recorded Investment in Loans
Commercial$2,942 $44 $— $2,986 $1,317,401 $18,099 $1,338,486 
Income producing - commercial real estate2,688 — — 2,688 3,285,493 62,537 3,350,718 
Owner occupied - commercial real estate167 12,573 — 12,740 1,581,447 7,937 1,602,124 
Real estate mortgage – residential4,544 — — 4,544 31,977 579 37,100 
Construction - commercial and residential26,942 — — 26,942 751,064 17,394 795,400 
Construction - C&I (owner occupied)— — — — 108,468 — 108,468 
Home equity— 39 — 39 47,058 351 47,448 
Other consumer— — — — 715 — 715 
Total$37,283 $12,656 $— $49,939 $7,123,623 $106,897 $7,280,459 
Schedule of Loans Modified in Troubled Debt Restructurings
The table below presents the amortized cost basis and the financial effect of HFI loans modified for borrowers experiencing financial difficulty.
(dollars in thousands)Term ExtensionCombination - Term Extension and Principal Payment DelayTotalPercentage of Total Loan Type
Weighted Average Term and Principal Payment Extension(1)
For the Three Months Ended June 30, 2026
Commercial$7,163 $524 $7,687 0.5 %16 months
Income producing - commercial real estate20,814 14,244 35,058 1.3 %8 months
Owner occupied - commercial real estate1,547 — 1,547 0.1 %3 months
Construction - commercial and residential— 10,639 10,639 2.0 %2 months
Total$29,524 $25,407 $54,931 
For the Three Months Ended June 30, 2025
Commercial$13,554 $10,490 $24,044 2.0 %13 months
Income producing - commercial real estate4,070 103,593 107,663 2.9 %25 months
Owner occupied - commercial real estate12,711 — 12,711 0.9 %4 months
Real estate mortgage - residential— 5,736 5,736 12.5 %6 months
Construction - commercial and residential1,900 11,161 13,061 1.1 %8 months
Total$32,235 $130,980 $163,215 
For the Six Months Ended June 30, 2026
Commercial$12,338 $524 $12,862 0.8 %16 months
Income producing - commercial real estate22,710 17,757 40,467 1.5 %12 months
Owner occupied - commercial real estate1,547 — 1,547 0.1 %3 months
Real estate mortgage - residential4,508 — 4,508 12.7 %14 months
Construction - commercial and residential— 10,639 10,639 2.0 %2 months
Total$41,103 $28,920 $70,023 
For the Six Months Ended June 30, 2025
Commercial$16,855 $10,490 $27,345 2.3 %20 months
Income producing - commercial real estate4,070 137,203 141,273 3.7 %23 months
Owner occupied - commercial real estate12,711 — 12,711 0.9 %4 months
Real estate mortgage - residential— 5,736 5,736 12.5 %6 months
Construction - commercial and residential1,900 11,161 13,061 1.1 %8 months
Total$35,536 $164,590 $200,126 
(1)For loans that received multiple modifications during the year, weighted average term and principal payment extensions were calculated based on the aggregate impact of the extensions received during the period.
The table below presents the performance of HFI loans modified during the prior twelve months for borrowers experiencing financial difficulty.
Payment Status (Amortized Cost Basis)
(dollars in thousands)Current30-89 Days Past Due90 Days or More Past DueNonaccrual
June 30, 2026
Commercial$12,461 $— $— $5,245 
Income producing - commercial real estate86,776 3,510 — 20,526 
Owner occupied - commercial real estate1,547 — — — 
Real estate mortgage - residential4,508 — — — 
Construction - commercial and residential10,639 — — 1,087 
Total$115,931 $3,510 $— $26,858 
June 30, 2025
Commercial$43,093 $— $— $518 
Income producing - commercial real estate120,646 5,656 — 63,413 
Owner occupied - commercial real estate12,711 — — — 
Real estate mortgage - residential— — — 5,736 
Construction - commercial and residential18,083 — — 9,831 
Total$194,533 $5,656 $— $79,498 
Schedule of Amortized Cost Basis of Loan for Payment Default
The table below presents the amortized cost basis of HFI loans that were experiencing payment default and were modified in the twelve months prior to that default for borrowers experiencing financial difficulty.
Amortized Cost Basis
(dollars in thousands)Term ExtensionCombination - Term Extension and Principal Payment Delay
June 30, 2026
Commercial$5,245 $— 
Income producing - commercial real estate12,381 11,655 
Construction - commercial and residential397 690 
Total$18,023 $12,345 
June 30, 2025
Commercial$— $518 
Income producing - commercial real estate— 69,069 
Real estate mortgages - residential— 5,736 
Construction - commercial and residential— 9,831 
Total$— $85,154