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Loans (Tables)

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Summary of Loans

The following table presents the carrying value of loans, segregated by class of loans:

(Dollars in thousands)			June 30, 2026			December 31, 2025
Commercial:
Commercial real estate (1)			$2,050,249			$2,183,985
Commercial & industrial (2)			665,855			564,082
Total commercial			2,716,104			2,748,067
Residential Real Estate:
Residential real estate (3)			2,042,406			2,050,399
Consumer:
Home equity			328,802			318,862
Other (4)			15,757			17,060
Total consumer			344,559			335,922
Total loans (5)			$5,103,069			$5,134,388

(1)CRE consists of commercial mortgages primarily secured by non-owner occupied income-producing property, as well as construction and development loans. Construction and development loans are made to businesses for land development or the on-site construction of industrial, commercial, or residential buildings.

(2)C&I consists of loans to businesses and individuals, a portion of which are fully or partially collateralized by owner occupied real estate.

(3)Residential real estate consists of mortgage and homeowner construction loans secured by one- to four-family residential properties. Also, includes negative basis adjustments associated with fair value hedges of $1.5 million and $335 thousand, respectively, at June 30, 2026 and December 31, 2025. See Note 6 for additional disclosure.

(4)Other consists of loans to individuals secured by general aviation aircraft and other personal installment loans.

(5)Includes net unamortized loan origination costs of $11.3 million and $11.0 million, respectively, at June 30, 2026 and December 31, 2025 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $185 thousand and $198 thousand, respectively, at June 30, 2026 and December 31, 2025.

Past Due Loans

The following tables present an aging analysis of past due loans, segregated by class of loans:

(Dollars in thousands)						Days Past Due
June 30, 2026			Current			30-59			60-89			90 or More			Total Past Due			Total Loans
Commercial:
Commercial real estate			$2,021,326			$—			$—			$28,923			$28,923			$2,050,249
Commercial & industrial			665,391			4			334			126			464			665,855
Total commercial			2,686,717			4			334			29,049			29,387			2,716,104
Residential Real Estate:
Residential real estate			2,032,498			4,358			4,059			1,491			9,908			2,042,406
Consumer:
Home equity			326,716			1,220			136			730			2,086			328,802
Other			15,730			26			1			—			27			15,757
Total consumer			342,446			1,246			137			730			2,113			344,559
Total loans			$5,061,661			$5,608			$4,530			$31,270			$41,408			$5,103,069

(Dollars in thousands)						Days Past Due
December 31, 2025			Current			30-59			60-89			90 or More			Total Past Due			Total Loans
Commercial:
Commercial real estate			$2,183,337			$648			$—			$—			$648			$2,183,985
Commercial & industrial			564,075			7			—			—			7			564,082
Total commercial			2,747,412			655			—			—			655			2,748,067
Residential Real Estate:
Residential real estate			2,041,304			3,533			2,560			3,002			9,095			2,050,399
Consumer:
Home equity			317,255			1,095			166			346			1,607			318,862
Other			17,034			26			—			—			26			17,060
Total consumer			334,289			1,121			166			346			1,633			335,922
Total loans			$5,123,005			$5,309			$2,726			$3,348			$11,383			$5,134,388

Nonaccrual Loans

The following table is a summary of nonaccrual loans, segregated by class of loans:

(Dollars in thousands)			June 30, 2026												December 31, 2025
			Nonaccrual Loans												Nonaccrual Loans
			With an ACL			Without an ACL			Total						With an ACL			Without an ACL			Total
Commercial:
Commercial real estate			$28,923			$—			$28,923						$—			$—			$—
Commercial & industrial			—			126			126						—			—			—
Total commercial			28,923			126			29,049						—			—			—
Residential Real Estate:
Residential real estate			8,309			763			9,072						9,830			1,269			11,099
Consumer:
Home equity			1,668			27			1,695						1,824			—			1,824
Other			—			—			—						—			—			—
Total consumer			1,668			27			1,695						1,824			—			1,824
Total nonaccrual loans			$38,900			$916			$39,816						$11,654			$1,269			$12,923
Accruing loans 90 days or more past due									$—												$—

The following table presents interest income recognized on nonaccrual loans:

(Dollars in thousands)			Three Months									Six Months
Periods ended June 30,			2026			2025						2026			2025
Commercial:
Commercial real estate			$—			$—						$588			$—
Commercial & industrial			—			2						—			32
Total commercial			—			2						588			32
Residential Real Estate:
Residential real estate			93			124						240			268
Consumer:
Home equity			29			48						42			83
Other			—			—						—			—
Total consumer			29			48						42			83
Total			$122			$174						$870			$383

Summary of TLMs

There were no loans modified as a TLM during the three months or six months ended June 30, 2026.

The following tables present the carrying value at June 30, 2025 of TLMs made during the periods indicated, segregated by class of loans and type of concession granted:

(Dollars in thousands)
Three months ended June 30, 2025															Combination (1)			Total			% of Loan Class (2)
Commercial:
Commercial real estate															$4,276			$4,276			—		%
Total															$4,276			$4,276			—		%

(1)Combination includes an interest rate reduction, maturity extension and other-than-insignificant payment delay.

(2)Percentage of TLMs to the total loans outstanding within the respective loan class.

(Dollars in thousands)
Six months ended June 30, 2025												Other-than-Insignificant Payment Delay			Combination (1)			Total			% of Loan Class (2)
Commercial:
Commercial real estate												$—			$4,276			$4,276			—		%
Residential Real Estate:
Residential real estate												1,429			—			1,429			—
Total												$1,429			$4,276			$5,705			—		%

(1)Combination includes an interest rate reduction, maturity extension and other-than-insignificant payment delay.

(2)Percentage of TLMs to the total loans outstanding within the respective loan class.

The following tables describe the financial effect of TLMs made during the periods indicated, segregated by class of loans:

Three months ended June 30, 2025			Financial Effect
Combination - Interest Rate Reduction, Maturity Extension and Other-than-Insignificant Payment Delay:
Commercial real estate			Provided a weighted average interest rate reduction of 1.7%, maturity extension of 8 months, and payment delay of 8 months

Six months ended June 30, 2025			Financial Effect
Combination - Interest Rate Reduction, Maturity Extension and Other-than-Insignificant Payment Delay:
Commercial real estate			Provided a weighted average interest rate reduction of 1.7%, maturity extension of 8 months, and payment delay of 8 months
Other-than-Insignificant Payment Delay:
Residential real estate			Provided a weighted average payment delay of 6 months

Aging of TLMs

Management closely monitors the performance of TLMs to understand the effectiveness of the modifications. As of the dates indicated, the following tables present an aging analysis of TLMs that have been modified in the past 12 months:

(Dollars in thousands)						Days Past Due
June 30, 2026			Current			30-59			60-89			90 or More			Total Past Due			Total Loans
Commercial:
Commercial real estate			$5,593			$—			$—			$—			$—			$5,593
Residential Real Estate:
Residential real estate			629			—			—			—			—			629
Total loans			$6,222			$—			$—			$—			$—			$6,222

(Dollars in thousands)						Days Past Due
June 30, 2025			Current			30-59			60-89			90 or More			Total Past Due			Total Loans
Commercial:
Commercial real estate			$4,276			$—			$—			$—			$—			$4,276
Commercial & industrial			5,000			—			—			—			—			5,000
Total commercial			9,276			—			—			—			—			9,276
Residential Real Estate:
Residential real estate			1,429			—			—			—			—			1,429
Total loans			$10,705			$—			$—			$—			$—			$10,705

Collateral Dependent Individually Analyzed Loans

The following table presents the carrying value of collateral dependent individually analyzed loans:

(Dollars in thousands)			June 30, 2026									December 31, 2025
			Carrying Value			Related Allowance						Carrying Value			Related Allowance
Commercial:
Commercial real estate (1)			$12,167			$2,300						$5,605			$—
Commercial & industrial (2)			126			—						—			—
Total commercial			12,293			2,300						5,605			—
Residential Real Estate:
Residential real estate (3)			763			—						1,903			—
Consumer:
Home equity (3)			27			—						—			—
Other			—			—						—			—
Total consumer			27			—						—			—
Total			$13,083			$2,300						$7,508			$—

(1)    Secured by income-producing property.

(2)    Secured by business assets.

(3)    Secured by one- to four-family residential properties.

Credit Quality Indicators

The following table includes information on credit quality indicators and gross charge-offs for the Corporation’s loan portfolio, segregated by class of loans as of June 30, 2026:

(Dollars in thousands)			Term Loans Amortized Cost by Origination Year
			2026			2025			2024			2023			2022			Prior			Revolving Loans Amortized Cost			Revolving Loans Converted to Term Loans			Total
Commercial:
CRE:
Pass			$166,154			$326,073			$93,411			$231,216			$441,280			$663,308			$45,358			$915			$1,967,715
Special mention			—			27,904			—			11,979			3,883			3,750			—			—			47,516
Classified			—			6,574			—			—			22,349			6,095			—			—			35,018
Total CRE			166,154			360,551			93,411			243,195			467,512			673,153			45,358			915			2,050,249
Gross charge-offs			—			—			—			—			—			—			—			—			—
C&I:
Pass			128,445			96,727			38,260			51,167			116,844			162,292			69,715			298			663,748
Special mention			—			—			778			—			334			119			750			—			1,981
Classified			—			—			—			—			—			126			—			—			126
Total C&I			128,445			96,727			39,038			51,167			117,178			162,537			70,465			298			665,855
Gross charge-offs			29			—			—			—			—			—			—			—			29
Residential Real Estate:
Current (1)			101,518			158,800			45,022			298,432			660,672			769,538			—			—			2,033,982
Past due			—			—			—			768			2,668			6,472			—			—			9,908
Total residential real estate			101,518			158,800			45,022			299,200			663,340			776,010			—			—			2,043,890
Gross charge-offs			—			—			—			—			—			—			—			—			—
Consumer:
Home equity:
Current			12,113			15,573			9,339			13,039			9,048			10,413			242,755			14,436			326,716
Past due			—			—			—			86			387			486			863			264			2,086
Total home equity			12,113			15,573			9,339			13,125			9,435			10,899			243,618			14,700			328,802
Gross charge-offs			—			—			—			—			—			—			—			—			—
Other:
Current			1,321			3,815			2,183			2,889			1,521			3,734			267			—			15,730
Past due			26			—			—			—			—			—			1			—			27
Total other			1,347			3,815			2,183			2,889			1,521			3,734			268			—			15,757
Gross charge-offs			129			—			—			1			—			2			1			—			133
Loans, amortized cost			$409,577			$635,466			$188,993			$609,576			$1,258,986			$1,626,333			$359,709			$15,913			$5,104,553
Gross charge-offs			$158			$—			$—			$1			$—			$2			$1			$—			$162

(1)Excludes a $1.5 million negative basis adjustment associated with fair value hedges. See Note 6 for additional disclosure.

The following table includes information on credit quality indicators and gross charge-offs for the Corporation’s loan portfolio, segregated by class of loans as of December 31, 2025:

(Dollars in thousands)			Term Loans Amortized Cost by Origination Year
			2025			2024			2023			2022			2021			Prior			Revolving Loans Amortized Cost			Revolving Loans Converted to Term Loans			Total
Commercial:
CRE:
Pass			$432,404			$102,312			$338,922			$490,011			$302,383			$438,112			$9,426			$942			$2,114,512
Special mention			33,416			—			—			27,743			—			2,157			—			—			63,316
Classified			—			—			—			—			—			6,157			—			—			6,157
Total CRE			465,820			102,312			338,922			517,754			302,383			446,426			9,426			942			2,183,985
Gross charge-offs			—			—			—			—			—			5,715			—			—			5,715
C&I:
Pass			87,523			39,556			54,047			125,846			20,057			159,707			58,146			315			545,197
Special mention			3,569			788			—			3,442			1,095			3,865			6,000			—			18,759
Classified			—			—			—			—			126			—			—			—			126
Total C&I			91,092			40,344			54,047			129,288			21,278			163,572			64,146			315			564,082
Gross charge-offs			49			—			8,345			—			—			299			—			—			8,693
Residential Real Estate:
Current (1)			161,291			50,709			332,253			690,150			345,038			462,198			—			—			2,041,639
Past due			—			—			—			—			543			8,552			—			—			9,095
Total residential real estate			161,291			50,709			332,253			690,150			345,581			470,750			—			—			2,050,734
Gross charge-offs			—			—			—			—			—			—			—			—			—
Consumer:
Home equity:
Current			16,839			10,508			14,662			9,969			5,190			6,086			238,734			15,267			317,255
Past due			—			34			58			—			137			223			814			341			1,607
Total home equity			16,839			10,542			14,720			9,969			5,327			6,309			239,548			15,608			318,862
Gross charge-offs			—			—			—			—			—			—			—			—			—
Other:
Current			4,295			2,588			3,366			1,790			1,616			3,123			256			—			17,034
Past due			26			—			—			—			—			—			—			—			26
Total other			4,321			2,588			3,366			1,790			1,616			3,123			256			—			17,060
Gross charge-offs			323			—			1			—			—			3			—			—			327
Loans, amortized cost			$739,363			$206,495			$743,308			$1,348,951			$676,185			$1,090,180			$313,376			$16,865			$5,134,723
Gross charge-offs			$372			$—			$8,346			$—			$—			$6,017			$—			$—			$14,735

(1)Excludes a $335 thousand negative basis adjustment associated with fair value hedges. See Note 6 for additional disclosure.

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