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Note 4 - Loans and Allowance for Credit Losses | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Financing Receivables [Text Block] | NOTE 4 Loans and Allowance for Credit Losses The following table presents total loans outstanding, by portfolio segment, as of September 30, 2025 and December 31, 2024:
|  | September 30, |  |  | December 31, |
(dollars in thousands) |  | 2025 |  |  | 2024 |
Commercial |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 702,135 |  |  | $ | 666,727 |
Commercial real estate |  |  |  |  |  |  |  |
Construction, land and development |  |  | 349,768 |  |  |  | 294,677 |
Multifamily |  |  | 374,761 |  |  |  | 363,123 |
Non-owner occupied |  |  | 865,785 |  |  |  | 967,025 |
Owner occupied |  |  | 435,320 |  |  |  | 371,418 |
Total commercial real estate |  |  | 2,025,634 |  |  |  | 1,996,243 |
Agricultural |  |  |  |  |  |  |  |
Land |  |  | 65,900 |  |  |  | 61,299 |
Production |  |  | 63,051 |  |  |  | 63,008 |
Total agricultural |  |  | 128,951 |  |  |  | 124,307 |
Total commercial |  |  | 2,856,720 |  |  |  | 2,787,277 |
Consumer |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |
First lien |  |  | 894,402 |  |  |  | 921,019 |
Construction |  |  | 34,124 |  |  |  | 33,547 |
HELOC |  |  | 234,681 |  |  |  | 162,509 |
Junior lien |  |  | 40,434 |  |  |  | 44,060 |
Total residential real estate |  |  | 1,203,641 |  |  |  | 1,161,135 |
Other consumer |  |  | 41,714 |  |  |  | 44,122 |
Total consumer |  |  | 1,245,355 |  |  |  | 1,205,257 |
Total loans |  | $ | 4,102,075 |  |  | $ | 3,992,534 |
Total loans included net deferred loan fees and costs of $0.4 million and $1.1 million at September 30, 2025 and December 31, 2024, respectively. Unearned discounts associated with bank acquisitions totaled $47.3 million and $70.6 million as of September 30, 2025 and December 31, 2024, respectively. Accrued interest receivable on loans is recorded within accrued interest receivable, and totaled $18.3 million at September 30, 2025 and $16.4 million at December 31, 2024. The Company manages its loan portfolio proactively to effectively identify problem credits and assess trends early, implement effective work-out strategies, and take charge-offs as promptly as practical. In addition, the Company continuously reassesses its underwriting standards in response to credit risk posed by changes in economic conditions. The Company monitors and manages credit risk through the following governance structure:
| ● | The Credit Risk team, Collection and Special Assets team and the Credit Governance Committee, which is an internal management committee comprised of various executives and senior managers across business lines, including Accounting and Finance, Credit Underwriting, Collections and Special Assets, Risk, and Commercial and Retail Banking, oversee the Company’s systems and procedures to monitor the credit quality of its loan portfolio, conduct a loan review program, and maintain the integrity of the loan rating system.
| ● | The Loan Committee is responsible for reviewing and approving all credit requests that exceed individual limits that have not been countersigned by an individual with sufficient assigned authority. This committee has full authority to commit the Bank to any request that fits within its assigned approval authority.
| ● | The adequacy of the ACL is overseen by the ACL Governance Committee, which is an internal management committee comprised of various Company executives and senior managers across business lines, including Accounting and Finance, Credit Underwriting, Collections and Special Assets, Risk, and Commercial and Retail Banking. The ACL Governance Committee supports the oversight efforts of the Bank’s Board of Directors.
| ● | The Bank’s Board of Directors has approval authority and responsibility for all matters regarding loan policy, reviews all loans approved or declined by the Loan Committee, approves lending authority and monitors asset quality and concentration levels.
| ● | The ACL Governance Committee and Bank Board of Directors has approval authority and oversight responsibility for the ACL adequacy and methodology.
Loans with a carrying value of $2.6 billion as of September 30, 2025 and $2.9 billion as of December 31, 2024, were pledged to secure public deposits, and for other purposes required or permitted by law. ACL on Loans The following tables present, by loan portfolio segment, a summary of the changes in the ACL on loans for the three and nine months ended September 30, 2025 and 2024:
|  | Three months ended September 30, 2025 |
|  | Beginning |  |  | Provision for (Recovery |  |  | Loan |  |  | Loan |  |  | Ending |
(dollars in thousands) |  | Balance |  |  | of) Credit Losses(1) |  |  | Charge-offs |  |  | Recoveries |  |  | Balance |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 8,326 |  |  | $ | 3,270 |  |  | $ | (606 | ) |  | $ | 2,415 |  |  | $ | 13,405 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 18,529 |  |  |  | (1,272 | ) |  |  | — |  |  |  | — |  |  |  | 17,257 |
Multifamily |  |  | 4,876 |  |  |  | (539 | ) |  |  | — |  |  |  | — |  |  |  | 4,337 |
Non-owner occupied |  |  | 12,919 |  |  |  | (2,796 | ) |  |  | — |  |  |  | — |  |  |  | 10,123 |
Owner occupied |  |  | 3,818 |  |  |  | (537 | ) |  |  | — |  |  |  | 10 |  |  |  | 3,291 |
Total commercial real estate |  |  | 40,142 |  |  |  | (5,144 | ) |  |  | — |  |  |  | 10 |  |  |  | 35,008 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 615 |  |  |  | 384 |  |  |  | — |  |  |  | — |  |  |  | 999 |
Production |  |  | 623 |  |  |  | 65 |  |  |  | — |  |  |  | — |  |  |  | 688 |
Total agricultural |  |  | 1,238 |  |  |  | 449 |  |  |  | — |  |  |  | — |  |  |  | 1,687 |
Total commercial |  |  | 49,706 |  |  |  | (1,425 | ) |  |  | (606 | ) |  |  | 2,425 |  |  |  | 50,100 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 7,059 |  |  |  | 2,235 |  |  |  | — |  |  |  | — |  |  |  | 9,294 |
Construction |  |  | 416 |  |  |  | (144 | ) |  |  | — |  |  |  | — |  |  |  | 272 |
HELOC |  |  | 1,358 |  |  |  | 395 |  |  |  | (100 | ) |  |  | 26 |  |  |  | 1,679 |
Junior lien |  |  | 376 |  |  |  | 63 |  |  |  | — |  |  |  | — |  |  |  | 439 |
Total residential real estate |  |  | 9,209 |  |  |  | 2,549 |  |  |  | (100 | ) |  |  | 26 |  |  |  | 11,684 |
Other consumer |  |  | 363 |  |  |  | 12 |  |  |  | (34 | ) |  |  | 2 |  |  |  | 343 |
Total consumer |  |  | 9,572 |  |  |  | 2,561 |  |  |  | (134 | ) |  |  | 28 |  |  |  | 12,027 |
Total |  | $ | 59,278 |  |  | $ | 1,136 |  |  | $ | (740 | ) |  | $ | 2,453 |  |  | $ | 62,127 |
(1) | The difference in the credit loss expense reported herein compared to the consolidated statements of income is associated with the credit loss expense of ($1.1) million related to off-balance sheet credit exposure and ($2) thousand related to HTM investment securities.
|  | Nine months ended September 30, 2025 |
|  | Beginning |  |  | Provision for (Recovery |  |  | Loan |  |  | Loan |  |  | Ending |
(dollars in thousands) |  | Balance |  |  | of) Credit Losses(1) |  |  | Charge-offs |  |  | Recoveries |  |  | Balance |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 8,170 |  |  | $ | 3,276 |  |  | $ | (854 | ) |  | $ | 2,813 |  |  | $ | 13,405 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 16,277 |  |  |  | 980 |  |  |  | — |  |  |  | — |  |  |  | 17,257 |
Multifamily |  |  | 4,716 |  |  |  | (379 | ) |  |  | — |  |  |  | — |  |  |  | 4,337 |
Non-owner occupied |  |  | 16,513 |  |  |  | (2,989 | ) |  |  | (3,401 | ) |  |  | — |  |  |  | 10,123 |
Owner occupied |  |  | 3,226 |  |  |  | 37 |  |  |  | (4 | ) |  |  | 32 |  |  |  | 3,291 |
Total commercial real estate |  |  | 40,732 |  |  |  | (2,351 | ) |  |  | (3,405 | ) |  |  | 32 |  |  |  | 35,008 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 597 |  |  |  | 402 |  |  |  | — |  |  |  | — |  |  |  | 999 |
Production |  |  | 631 |  |  |  | 429 |  |  |  | (384 | ) |  |  | 12 |  |  |  | 688 |
Total agricultural |  |  | 1,228 |  |  |  | 831 |  |  |  | (384 | ) |  |  | 12 |  |  |  | 1,687 |
Total commercial |  |  | 50,130 |  |  |  | 1,756 |  |  |  | (4,643 | ) |  |  | 2,857 |  |  |  | 50,100 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 6,921 |  |  |  | 2,427 |  |  |  | (54 | ) |  |  | — |  |  |  | 9,294 |
Construction |  |  | 357 |  |  |  | (85 | ) |  |  | — |  |  |  | — |  |  |  | 272 |
HELOC |  |  | 1,339 |  |  |  | 674 |  |  |  | (360 | ) |  |  | 26 |  |  |  | 1,679 |
Junior lien |  |  | 742 |  |  |  | (3 | ) |  |  | (300 | ) |  |  | — |  |  |  | 439 |
Total residential real estate |  |  | 9,359 |  |  |  | 3,013 |  |  |  | (714 | ) |  |  | 26 |  |  |  | 11,684 |
Other consumer |  |  | 440 |  |  |  | (112 | ) |  |  | (112 | ) |  |  | 127 |  |  |  | 343 |
Total consumer |  |  | 9,799 |  |  |  | 2,901 |  |  |  | (826 | ) |  |  | 153 |  |  |  | 12,027 |
Total |  | $ | 59,929 |  |  | $ | 4,657 |  |  | $ | (5,469 | ) |  | $ | 3,010 |  |  | $ | 62,127 |
(1) | The difference in the credit loss expense reported herein compared to the consolidated statements of income is associated with the credit loss expense of ($3.9) million related to off-balance sheet credit exposure, ($6) thousand related to HTM investment securities, and $78 thousand related to non-mortgage loans transferred to held for sale.
|  | Three months ended September 30, 2024 |
|  | Beginning |  |  | Provision for (Recovery |  |  | Loan |  |  | Loan |  |  | Ending |
(dollars in thousands) |  | Balance |  |  | of) Credit Losses(1) |  |  | Charge-offs |  |  | Recoveries |  |  | Balance |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 6,234 |  |  | $ | 660 |  |  | $ | (246 | ) |  | $ | 153 |  |  | $ | 6,801 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 10,820 |  |  |  | (447 | ) |  |  | — |  |  |  | — |  |  |  | 10,373 |
Multifamily |  |  | 2,430 |  |  |  | 161 |  |  |  | — |  |  |  | — |  |  |  | 2,591 |
Non-owner occupied |  |  | 8,772 |  |  |  | (260 | ) |  |  | — |  |  |  | — |  |  |  | 8,512 |
Owner occupied |  |  | 2,280 |  |  |  | 233 |  |  |  | (98 | ) |  |  | 14 |  |  |  | 2,429 |
Total commercial real estate |  |  | 24,302 |  |  |  | (313 | ) |  |  | (98 | ) |  |  | 14 |  |  |  | 23,905 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 259 |  |  |  | (2 | ) |  |  | — |  |  |  | 20 |  |  |  | 277 |
Production |  |  | 185 |  |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | 182 |
Total agricultural |  |  | 444 |  |  |  | (5 | ) |  |  | — |  |  |  | 20 |  |  |  | 459 |
Total commercial |  |  | 30,980 |  |  |  | 342 |  |  |  | (344 | ) |  |  | 187 |  |  |  | 31,165 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 5,366 |  |  |  | 74 |  |  |  | — |  |  |  | — |  |  |  | 5,440 |
Construction |  |  | 458 |  |  |  | (355 | ) |  |  | — |  |  |  | — |  |  |  | 103 |
HELOC |  |  | 886 |  |  |  | 68 |  |  |  | — |  |  |  | — |  |  |  | 954 |
Junior lien |  |  | 314 |  |  |  | 807 |  |  |  | — |  |  |  | — |  |  |  | 1,121 |
Total residential real estate |  |  | 7,024 |  |  |  | 594 |  |  |  | — |  |  |  | — |  |  |  | 7,618 |
Other consumer |  |  | 328 |  |  |  | 190 |  |  |  | (161 | ) |  |  | 2 |  |  |  | 359 |
Total consumer |  |  | 7,352 |  |  |  | 784 |  |  |  | (161 | ) |  |  | 2 |  |  |  | 7,977 |
Total |  | $ | 38,332 |  |  | $ | 1,126 |  |  | $ | (505 | ) |  | $ | 189 |  |  | $ | 39,142 |
(1) | The difference in the credit loss expense reported herein compared to the consolidated statements of income is associated with the credit loss expense of ($549) thousand related to off-balance sheet credit exposure and ($14) thousand related to HTM investment securities.
|  | Nine months ended September 30, 2024 |
|  | Beginning |  |  | Provision for (Recovery |  |  | Loan |  |  | Loan |  |  | Ending |
(dollars in thousands) |  | Balance |  |  | of) Credit Losses(1) |  |  | Charge-offs |  |  | Recoveries |  |  | Balance |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 9,705 |  |  | $ | (159 | ) |  | $ | (3,140 | ) |  | $ | 395 |  |  | $ | 6,801 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 6,135 |  |  |  | 4,238 |  |  |  | — |  |  |  | — |  |  |  | 10,373 |
Multifamily |  |  | 1,776 |  |  |  | 815 |  |  |  | — |  |  |  | — |  |  |  | 2,591 |
Non-owner occupied |  |  | 7,726 |  |  |  | 786 |  |  |  | — |  |  |  | — |  |  |  | 8,512 |
Owner occupied |  |  | 2,449 |  |  |  | 73 |  |  |  | (127 | ) |  |  | 34 |  |  |  | 2,429 |
Total commercial real estate |  |  | 18,086 |  |  |  | 5,912 |  |  |  | (127 | ) |  |  | 34 |  |  |  | 23,905 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 96 |  |  |  | 161 |  |  |  | — |  |  |  | 20 |  |  |  | 277 |
Production |  |  | 84 |  |  |  | 98 |  |  |  | — |  |  |  | — |  |  |  | 182 |
Total agricultural |  |  | 180 |  |  |  | 259 |  |  |  | — |  |  |  | 20 |  |  |  | 459 |
Total commercial |  |  | 27,971 |  |  |  | 6,012 |  |  |  | (3,267 | ) |  |  | 449 |  |  |  | 31,165 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 6,087 |  |  |  | (647 | ) |  |  | — |  |  |  | — |  |  |  | 5,440 |
Construction |  |  | 485 |  |  |  | (382 | ) |  |  | — |  |  |  | — |  |  |  | 103 |
HELOC |  |  | 835 |  |  |  | 119 |  |  |  | — |  |  |  | — |  |  |  | 954 |
Junior lien |  |  | 264 |  |  |  | 786 |  |  |  | (3 | ) |  |  | 74 |  |  |  | 1,121 |
Total residential real estate |  |  | 7,671 |  |  |  | (124 | ) |  |  | (3 | ) |  |  | 74 |  |  |  | 7,618 |
Other consumer |  |  | 201 |  |  |  | 307 |  |  |  | (174 | ) |  |  | 25 |  |  |  | 359 |
Total consumer |  |  | 7,872 |  |  |  | 183 |  |  |  | (177 | ) |  |  | 99 |  |  |  | 7,977 |
Total |  | $ | 35,843 |  |  | $ | 6,195 |  |  | $ | (3,444 | ) |  | $ | 548 |  |  | $ | 39,142 |
(1) | The difference in the credit loss expense reported herein compared to the consolidated statements of income is associated with the credit loss expense of ($31) thousand related to off-balance sheet credit exposure and ($76) thousand related to HTM investment securities.
The ACL on loans at September 30, 2025 was $62.1 million, an increase of $2.2 million, or 3.7%, from December 31, 2024. The increase was primarily due to an increase in nonperforming loans, loan growth and economic conditions. Credit Concentrations The Company focuses on maintaining a well-balanced and diversified loan portfolio. Despite such efforts, it is recognized that credit concentrations may occasionally emerge as a result of economic conditions, changes in local demand, natural loan growth and runoff. To identify credit concentrations effectively, all commercial and industrial and owner occupied real estate loans are assigned Standard Industrial Classification codes, North American Industry Classification System codes and state and county codes. Property type coding is used for investment real estate. There were no industry concentrations exceeding 10% of the Company’s total loan portfolio as of September 30, 2025. Credit Quality Indicators The Company’s consumer loan portfolio is primarily comprised of secured loans that are evaluated at origination on a centralized basis against standardized underwriting criteria. The Company generally does not risk rate consumer loans unless a default event such as bankruptcy or extended nonperformance takes place. Credit quality for the consumer loan portfolio is measured by delinquency rates, nonaccrual amounts and actual losses incurred. These loans are rated as either performing or nonperforming. The Company assigns a risk rating to all commercial loans, except pools of homogeneous loans, and performs detailed internal and external reviews of risk rated loans over a certain threshold to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to examination by the Company’s regulators. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate and the estimated fair values of collateral securing the loans. These credit quality indicators are used to assign a risk rating to each individual loan. The Company’s ratings are aligned to pass and criticized categories. The criticized category includes special mention, substandard, and doubtful risk ratings. The risk ratings are defined as follows:
| ● | Pass: A pass loan is a credit with no existing or known potential weaknesses deserving of management’s close attention.
| ● | Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the loan or in the Company’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification.
| ● | Substandard: Loans classified as substandard are not adequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified have a well‑defined weakness, or weaknesses that jeopardize the repayment of the debt. Well-defined weaknesses include a borrower’s lack of marketability, inadequate cash flow or collateral support, failure to complete construction on time, or the failure to fulfill expectations. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected.
| ● | Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
| ● | Loss: Loans classified as loss are considered uncollectible and charged off immediately.
The following tables set forth the amortized cost basis of loans by credit quality indicator and vintage based on the most recent analysis performed, as of September 30, 2025 and December 31, 2024:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  |  |  |  |
(dollars in thousands) |  | Term Loans Amortized Cost Basis by Origination Year |  |  | Loans Amortized |  |  |  |  |
As of September 30, 2025 |  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | Prior |  |  | Cost Basis |  |  | Total |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 159,909 |  |  | $ | 161,291 |  |  | $ | 84,573 |  |  | $ | 47,395 |  |  | $ | 23,382 |  |  | $ | 51,156 |  |  | $ | 134,079 |  |  | $ | 661,785 |
Special mention |  |  | 324 |  |  |  | 10 |  |  |  | 26 |  |  |  | — |  |  |  | 651 |  |  |  | 44 |  |  |  | — |  |  |  | 1,055 |
Substandard |  |  | 36 |  |  |  | 1,255 |  |  |  | 2,946 |  |  |  | 3,236 |  |  |  | 195 |  |  |  | 6,786 |  |  |  | 12,676 |  |  |  | 27,130 |
Doubtful |  |  | 1,218 |  |  |  | 8,772 |  |  |  | 1,763 |  |  |  | 298 |  |  |  | 114 |  |  |  | — |  |  |  | — |  |  |  | 12,165 |
Subtotal |  | $ | 161,487 |  |  | $ | 171,328 |  |  | $ | 89,308 |  |  | $ | 50,929 |  |  | $ | 24,342 |  |  | $ | 57,986 |  |  | $ | 146,755 |  |  | $ | 702,135 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | 407 |  |  | $ | 152 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 290 |  |  | $ | — |  |  | $ | 854 |
CRE − Construction, land and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 13,807 |  |  | $ | 157,432 |  |  | $ | 110,795 |  |  | $ | 21,082 |  |  | $ | 658 |  |  | $ | 1,117 |  |  | $ | 5,654 |  |  | $ | 310,545 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 176 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 176 |
Substandard |  |  | — |  |  |  | 10,204 |  |  |  | — |  |  |  | 28,378 |  |  |  | — |  |  |  | 165 |  |  |  | 300 |  |  |  | 39,047 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 13,807 |  |  | $ | 167,636 |  |  | $ | 110,795 |  |  | $ | 49,636 |  |  | $ | 658 |  |  | $ | 1,282 |  |  | $ | 5,954 |  |  | $ | 349,768 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
CRE − Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 5,158 |  |  | $ | 26,181 |  |  | $ | 82,828 |  |  | $ | 112,681 |  |  | $ | 32,774 |  |  | $ | 62,160 |  |  | $ | — |  |  | $ | 321,782 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 23,247 |  |  |  | 826 |  |  |  | 1,030 |  |  |  | — |  |  |  | 25,103 |
Substandard |  |  | — |  |  |  | 5,754 |  |  |  | 3,973 |  |  |  | — |  |  |  | — |  |  |  | 18,149 |  |  |  | — |  |  |  | 27,876 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 5,158 |  |  | $ | 31,935 |  |  | $ | 86,801 |  |  | $ | 135,928 |  |  | $ | 33,600 |  |  | $ | 81,339 |  |  | $ | — |  |  | $ | 374,761 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
CRE − Non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 52,409 |  |  | $ | 184,088 |  |  | $ | 151,333 |  |  | $ | 196,223 |  |  | $ | 88,658 |  |  | $ | 173,692 |  |  | $ | 1,971 |  |  | $ | 848,374 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,053 |  |  |  | — |  |  |  | 1,053 |
Substandard |  |  | — |  |  |  | — |  |  |  | 5,390 |  |  |  | — |  |  |  | 2,754 |  |  |  | 8,214 |  |  |  | — |  |  |  | 16,358 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 52,409 |  |  | $ | 184,088 |  |  | $ | 156,723 |  |  | $ | 196,223 |  |  | $ | 91,412 |  |  | $ | 182,959 |  |  | $ | 1,971 |  |  | $ | 865,785 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 632 |  |  | $ | 775 |  |  | $ | 1,994 |  |  | $ | — |  |  | $ | 3,401 |
CRE − Owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 36,260 |  |  | $ | 87,147 |  |  | $ | 56,121 |  |  | $ | 62,381 |  |  | $ | 40,876 |  |  | $ | 133,091 |  |  | $ | 1,283 |  |  | $ | 417,159 |
Special mention |  |  | 1,691 |  |  |  | 450 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,456 |  |  |  | 308 |  |  |  | 3,905 |
Substandard |  |  | — |  |  |  | — |  |  |  | 1,476 |  |  |  | 2,907 |  |  |  | 2,358 |  |  |  | 7,515 |  |  |  | — |  |  |  | 14,256 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 37,951 |  |  | $ | 87,597 |  |  | $ | 57,597 |  |  | $ | 65,288 |  |  | $ | 43,234 |  |  | $ | 142,062 |  |  | $ | 1,591 |  |  | $ | 435,320 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Agricultural − Land |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 7,878 |  |  | $ | 8,857 |  |  | $ | 8,482 |  |  | $ | 12,545 |  |  | $ | 5,214 |  |  | $ | 12,738 |  |  | $ | 1,902 |  |  | $ | 57,616 |
Special mention |  |  | 241 |  |  |  | — |  |  |  | — |  |  |  | 3,372 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,613 |
Substandard |  |  | — |  |  |  | — |  |  |  | 303 |  |  |  | 3,611 |  |  |  | — |  |  |  | 757 |  |  |  | — |  |  |  | 4,671 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 8,119 |  |  | $ | 8,857 |  |  | $ | 8,785 |  |  | $ | 19,528 |  |  | $ | 5,214 |  |  | $ | 13,495 |  |  | $ | 1,902 |  |  | $ | 65,900 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Agricultural − Production |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 6,393 |  |  | $ | 7,240 |  |  | $ | 5,206 |  |  | $ | 3,816 |  |  | $ | 456 |  |  | $ | 811 |  |  | $ | 35,233 |  |  | $ | 59,155 |
Special mention |  |  | — |  |  |  | 74 |  |  |  | 133 |  |  |  | — |  |  |  | — |  |  |  | 538 |  |  |  | 224 |  |  |  | 969 |
Substandard |  |  | — |  |  |  | 22 |  |  |  | 546 |  |  |  | 1,237 |  |  |  | 28 |  |  |  | — |  |  |  | 1,094 |  |  |  | 2,927 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 6,393 |  |  | $ | 7,336 |  |  | $ | 5,885 |  |  | $ | 5,053 |  |  | $ | 484 |  |  | $ | 1,349 |  |  | $ | 36,551 |  |  | $ | 63,051 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 384 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 384 |
Residential real estate − First lien |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 44,627 |  |  | $ | 43,359 |  |  | $ | 129,319 |  |  | $ | 213,455 |  |  | $ | 238,409 |  |  | $ | 222,546 |  |  | $ | — |  |  | $ | 891,715 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | 512 |  |  |  | — |  |  |  | 652 |  |  |  | 1,523 |  |  |  | — |  |  |  | 2,687 |
Subtotal |  | $ | 44,627 |  |  | $ | 43,359 |  |  | $ | 129,831 |  |  | $ | 213,455 |  |  | $ | 239,061 |  |  | $ | 224,069 |  |  | $ | — |  |  | $ | 894,402 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7 |  |  | $ | 47 |  |  | $ | — |  |  | $ | 54 |
Residential real estate − Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 14,166 |  |  | $ | 12,335 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,036 |  |  | $ | — |  |  | $ | 1,907 |  |  | $ | 29,444 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,680 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,680 |
Subtotal |  | $ | 14,166 |  |  | $ | 12,335 |  |  | $ | — |  |  | $ | 4,680 |  |  | $ | 1,036 |  |  | $ | — |  |  | $ | 1,907 |  |  | $ | 34,124 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Residential real estate − HELOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 543 |  |  | $ | 2,359 |  |  | $ | 4,230 |  |  | $ | 5,749 |  |  | $ | 967 |  |  | $ | 5,194 |  |  | $ | 214,426 |  |  | $ | 233,468 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | 25 |  |  |  | 1,152 |  |  |  | — |  |  |  | 36 |  |  |  | — |  |  |  | 1,213 |
Subtotal |  | $ | 543 |  |  | $ | 2,359 |  |  | $ | 4,255 |  |  | $ | 6,901 |  |  | $ | 967 |  |  | $ | 5,230 |  |  | $ | 214,426 |  |  | $ | 234,681 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | 100 |  |  | $ | 10 |  |  | $ | 250 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 360 |
Residential real estate − Junior lien |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 4,045 |  |  | $ | 5,990 |  |  | $ | 10,267 |  |  | $ | 7,752 |  |  | $ | 4,464 |  |  | $ | 5,476 |  |  | $ | 50 |  |  | $ | 38,044 |
Nonperforming |  |  | — |  |  |  | 1,775 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 615 |  |  |  | — |  |  |  | 2,390 |
Subtotal |  | $ | 4,045 |  |  | $ | 7,765 |  |  | $ | 10,267 |  |  | $ | 7,752 |  |  | $ | 4,464 |  |  | $ | 6,091 |  |  | $ | 50 |  |  | $ | 40,434 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 300 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 300 |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 4,668 |  |  | $ | 3,212 |  |  | $ | 3,071 |  |  | $ | 3,456 |  |  | $ | 228 |  |  | $ | 4,071 |  |  | $ | 22,951 |  |  | $ | 41,657 |
Nonperforming |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 53 |  |  |  | — |  |  |  | 57 |
Subtotal |  | $ | 4,668 |  |  | $ | 3,216 |  |  | $ | 3,071 |  |  | $ | 3,456 |  |  | $ | 228 |  |  | $ | 4,124 |  |  | $ | 22,951 |  |  | $ | 41,714 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | 9 |  |  | $ | 31 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 50 |  |  | $ | — |  |  | $ | 112 |
Total loans |  | $ | 353,373 |  |  | $ | 727,811 |  |  | $ | 663,318 |  |  | $ | 758,829 |  |  | $ | 444,700 |  |  | $ | 719,986 |  |  | $ | 434,058 |  |  | $ | 4,102,075 |
Gross charge-offs for the period ended |  | $ | — |  |  | $ | 516 |  |  | $ | 197 |  |  | $ | 1,588 |  |  | $ | 787 |  |  | $ | 2,381 |  |  | $ | — |  |  | $ | 5,469 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving |  |  |  |  |
(dollars in thousands) |  | Term Loans Amortized Cost Basis by Origination Year |  |  | Loans Amortized |  |  |  |  |
As of December 31, 2024 |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Cost Basis |  |  | Total |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 209,001 |  |  | $ | 141,028 |  |  | $ | 61,254 |  |  | $ | 34,645 |  |  | $ | 38,342 |  |  | $ | 36,136 |  |  | $ | 111,194 |  |  | $ | 631,600 |
Special mention |  |  | 1,367 |  |  |  | 495 |  |  |  | 3,286 |  |  |  | 2,239 |  |  |  | 5,575 |  |  |  | 1 |  |  |  | 1,651 |  |  |  | 14,614 |
Substandard |  |  | — |  |  |  | 12,663 |  |  |  | 220 |  |  |  | 780 |  |  |  | 3,154 |  |  |  | 2,447 |  |  |  | 1,198 |  |  |  | 20,462 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 51 |  |  |  | — |  |  |  | 51 |
Subtotal |  | $ | 210,368 |  |  | $ | 154,186 |  |  | $ | 64,760 |  |  | $ | 37,664 |  |  | $ | 47,071 |  |  | $ | 38,635 |  |  | $ | 114,043 |  |  | $ | 666,727 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | 218 |  |  | $ | 2 |  |  | $ | 397 |  |  | $ | 2,768 |  |  | $ | 342 |  |  | $ | — |  |  | $ | 3,727 |
CRE − Construction, land and development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 97,244 |  |  | $ | 112,845 |  |  | $ | 40,890 |  |  | $ | 1,560 |  |  | $ | 517 |  |  | $ | 1,187 |  |  | $ | 2,801 |  |  | $ | 257,044 |
Special mention |  |  | — |  |  |  | — |  |  |  | 172 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 172 |
Substandard |  |  | 5,406 |  |  |  | — |  |  |  | 31,585 |  |  |  | — |  |  |  | — |  |  |  | 170 |  |  |  | 300 |  |  |  | 37,461 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 102,650 |  |  | $ | 112,845 |  |  | $ | 72,647 |  |  | $ | 1,560 |  |  | $ | 517 |  |  | $ | 1,357 |  |  | $ | 3,101 |  |  | $ | 294,677 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
CRE − Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 35,112 |  |  | $ | 62,982 |  |  | $ | 138,698 |  |  | $ | 33,782 |  |  | $ | 33,157 |  |  | $ | 32,204 |  |  | $ | — |  |  | $ | 335,935 |
Special mention |  |  | — |  |  |  | — |  |  |  | 7,644 |  |  |  | 272 |  |  |  | 1,241 |  |  |  | — |  |  |  | — |  |  |  | 9,157 |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,732 |  |  |  | 299 |  |  |  | — |  |  |  | 18,031 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 35,112 |  |  | $ | 62,982 |  |  | $ | 146,342 |  |  | $ | 34,054 |  |  | $ | 52,130 |  |  | $ | 32,503 |  |  | $ | — |  |  | $ | 363,123 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
CRE − Non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 189,068 |  |  | $ | 149,368 |  |  | $ | 223,349 |  |  | $ | 98,309 |  |  | $ | 71,432 |  |  | $ | 188,617 |  |  | $ | 1,709 |  |  | $ | 921,852 |
Special mention |  |  | — |  |  |  | — |  |  |  | 1,694 |  |  |  | 8,603 |  |  |  | — |  |  |  | 4,148 |  |  |  | 4,195 |  |  |  | 18,640 |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,767 |  |  |  | 6,347 |  |  |  | 12,419 |  |  |  | — |  |  |  | 26,533 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 189,068 |  |  | $ | 149,368 |  |  | $ | 225,043 |  |  | $ | 114,679 |  |  | $ | 77,779 |  |  | $ | 205,184 |  |  | $ | 5,904 |  |  | $ | 967,025 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
CRE − Owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 63,721 |  |  | $ | 41,918 |  |  | $ | 60,788 |  |  | $ | 44,957 |  |  | $ | 38,941 |  |  | $ | 91,804 |  |  | $ | 1,652 |  |  | $ | 343,781 |
Special mention |  |  | 451 |  |  |  | — |  |  |  | — |  |  |  | 937 |  |  |  | 2,981 |  |  |  | 2,735 |  |  |  | — |  |  |  | 7,104 |
Substandard |  |  | — |  |  |  | 311 |  |  |  | 3,023 |  |  |  | 2,694 |  |  |  | — |  |  |  | 13,538 |  |  |  | 967 |  |  |  | 20,533 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 64,172 |  |  | $ | 42,229 |  |  | $ | 63,811 |  |  | $ | 48,588 |  |  | $ | 41,922 |  |  | $ | 108,077 |  |  | $ | 2,619 |  |  | $ | 371,418 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | 12 |  |  | $ | 97 |  |  | $ | — |  |  | $ | — |  |  | $ | 128 |  |  | $ | — |  |  | $ | 237 |
Agricultural − Land |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 10,496 |  |  | $ | 8,864 |  |  | $ | 14,369 |  |  | $ | 5,840 |  |  | $ | 5,103 |  |  | $ | 8,473 |  |  | $ | 120 |  |  | $ | 53,265 |
Special mention |  |  | 69 |  |  |  | 1,612 |  |  |  | 3,275 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,956 |
Substandard |  |  | — |  |  |  | 303 |  |  |  | 2,166 |  |  |  | — |  |  |  | 609 |  |  |  | — |  |  |  | — |  |  |  | 3,078 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 10,565 |  |  | $ | 10,779 |  |  | $ | 19,810 |  |  | $ | 5,840 |  |  | $ | 5,712 |  |  | $ | 8,473 |  |  | $ | 120 |  |  | $ | 61,299 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Agricultural − Production |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 10,445 |  |  | $ | 6,440 |  |  | $ | 4,356 |  |  | $ | 724 |  |  | $ | 1,121 |  |  | $ | 582 |  |  | $ | 34,527 |  |  | $ | 58,195 |
Special mention |  |  | 130 |  |  |  | 704 |  |  |  | — |  |  |  | — |  |  |  | 420 |  |  |  | — |  |  |  | 1,518 |  |  |  | 2,772 |
Substandard |  |  | — |  |  |  | — |  |  |  | 1,987 |  |  |  | — |  |  |  | — |  |  |  | 54 |  |  |  | — |  |  |  | 2,041 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  | $ | 10,575 |  |  | $ | 7,144 |  |  | $ | 6,343 |  |  | $ | 724 |  |  | $ | 1,541 |  |  | $ | 636 |  |  | $ | 36,045 |  |  | $ | 63,008 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 26 |  |  | $ | — |  |  | $ | 26 |
Residential real estate − First lien |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 49,414 |  |  | $ | 144,460 |  |  | $ | 226,993 |  |  | $ | 251,006 |  |  | $ | 127,200 |  |  | $ | 118,958 |  |  | $ | — |  |  | $ | 918,031 |
Nonperforming |  |  | — |  |  |  | 576 |  |  |  | — |  |  |  | 744 |  |  |  | 12 |  |  |  | 1,656 |  |  |  | — |  |  |  | 2,988 |
Subtotal |  | $ | 49,414 |  |  | $ | 145,036 |  |  | $ | 226,993 |  |  | $ | 251,750 |  |  | $ | 127,212 |  |  | $ | 120,614 |  |  | $ | — |  |  | $ | 921,019 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Residential real estate − Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 19,229 |  |  | $ | 6,449 |  |  | $ | 1,900 |  |  | $ | 1,289 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 28,867 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | 4,680 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,680 |
Subtotal |  | $ | 19,229 |  |  | $ | 6,449 |  |  | $ | 6,580 |  |  | $ | 1,289 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33,547 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Residential real estate − HELOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 3,290 |  |  | $ | 5,558 |  |  | $ | 6,217 |  |  | $ | 1,622 |  |  | $ | 939 |  |  | $ | 2,717 |  |  | $ | 140,707 |  |  | $ | 161,050 |
Nonperforming |  |  | — |  |  |  | 35 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 74 |  |  |  | 1,350 |  |  |  | 1,459 |
Subtotal |  | $ | 3,290 |  |  | $ | 5,593 |  |  | $ | 6,217 |  |  | $ | 1,622 |  |  | $ | 939 |  |  | $ | 2,791 |  |  | $ | 142,057 |  |  | $ | 162,509 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 19 |  |  | $ | — |  |  | $ | 19 |
Residential real estate − Junior lien |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 7,762 |  |  | $ | 11,557 |  |  | $ | 9,553 |  |  | $ | 4,990 |  |  | $ | 2,760 |  |  | $ | 4,178 |  |  | $ | 50 |  |  | $ | 40,850 |
Nonperforming |  |  | 1,775 |  |  |  | — |  |  |  | 300 |  |  |  | 108 |  |  |  | — |  |  |  | 1,027 |  |  |  | — |  |  |  | 3,210 |
Subtotal |  | $ | 9,537 |  |  | $ | 11,557 |  |  | $ | 9,853 |  |  | $ | 5,098 |  |  | $ | 2,760 |  |  | $ | 5,205 |  |  | $ | 50 |  |  | $ | 44,060 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 638 |  |  | $ | — |  |  | $ | 638 |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 9,618 |  |  | $ | 4,695 |  |  | $ | 4,853 |  |  | $ | 502 |  |  | $ | 2,541 |  |  | $ | 4,069 |  |  | $ | 17,505 |  |  | $ | 43,783 |
Nonperforming |  |  | — |  |  |  | 11 |  |  |  | 272 |  |  |  | — |  |  |  | 7 |  |  |  | 49 |  |  |  | — |  |  |  | 339 |
Subtotal |  | $ | 9,618 |  |  | $ | 4,706 |  |  | $ | 5,125 |  |  | $ | 502 |  |  | $ | 2,548 |  |  | $ | 4,118 |  |  | $ | 17,505 |  |  | $ | 44,122 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | 8 |  |  | $ | 3 |  |  | $ | 150 |  |  | $ | 4 |  |  | $ | 21 |  |  | $ | — |  |  | $ | 186 |
Total loans |  | $ | 713,598 |  |  | $ | 712,874 |  |  | $ | 853,524 |  |  | $ | 503,370 |  |  | $ | 360,131 |  |  | $ | 527,593 |  |  | $ | 321,444 |  |  | $ | 3,992,534 |
Gross charge-offs for the year ended |  | $ | — |  |  | $ | 238 |  |  | $ | 102 |  |  | $ | 547 |  |  | $ | 2,772 |  |  | $ | 1,174 |  |  | $ | — |  |  | $ | 4,833 |
Past Due and Nonaccrual Loans The Company closely monitors the performance of its loan portfolio. A loan is placed on nonaccrual status when the financial condition of the borrower is deteriorating, payment in full of both principal and interest is not expected as scheduled or principal or interest has been in default for 90 days or more. Exceptions may be made if the asset is secured by collateral sufficient to satisfy both the principal and accrued interest in full and collection is reasonably assured. When one loan to a borrower is placed on nonaccrual status, all other loans to the borrower are re-evaluated to determine if they should also be placed on nonaccrual status. All previously accrued and unpaid interest is reversed at that time. A loan will return to accrual when collection of principal and interest is assured and the borrower has demonstrated timely payments of principal and interest for a reasonable period, generally at least six months. The following tables present a past due aging analysis of total loans outstanding, by portfolio segment, as of September 30, 2025 and December 31, 2024:
|  | September 30, 2025 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |  |  |  |
|  | Accruing |  |  | 30 - 59 Days |  |  | 60 - 89 Days |  |  | or More |  |  |  |  |  |  | Total |
(dollars in thousands) |  | Current |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Nonaccrual |  |  | Loans |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 689,204 |  |  | $ | 741 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,190 |  |  | $ | 702,135 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 318,453 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 31,315 |  |  |  | 349,768 |
Multifamily |  |  | 370,027 |  |  |  | — |  |  |  | 3,973 |  |  |  | — |  |  |  | 761 |  |  |  | 374,761 |
Non-owner occupied |  |  | 864,092 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,693 |  |  |  | 865,785 |
Owner occupied |  |  | 433,336 |  |  |  | 567 |  |  |  | — |  |  |  | — |  |  |  | 1,417 |  |  |  | 435,320 |
Total commercial real estate |  |  | 1,985,908 |  |  |  | 567 |  |  |  | 3,973 |  |  |  | — |  |  |  | 35,186 |  |  |  | 2,025,634 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 65,198 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 702 |  |  |  | 65,900 |
Production |  |  | 62,184 |  |  |  | 329 |  |  |  | — |  |  |  | — |  |  |  | 538 |  |  |  | 63,051 |
Total agricultural |  |  | 127,382 |  |  |  | 329 |  |  |  | — |  |  |  | — |  |  |  | 1,240 |  |  |  | 128,951 |
Total commercial |  |  | 2,802,494 |  |  |  | 1,637 |  |  |  | 3,973 |  |  |  | — |  |  |  | 48,616 |  |  |  | 2,856,720 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 890,793 |  |  |  | 797 |  |  |  | 125 |  |  |  | — |  |  |  | 2,687 |  |  |  | 894,402 |
Construction |  |  | 29,444 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,680 |  |  |  | 34,124 |
HELOC |  |  | 233,127 |  |  |  | 320 |  |  |  | 21 |  |  |  | — |  |  |  | 1,213 |  |  |  | 234,681 |
Junior lien |  |  | 37,947 |  |  |  | 96 |  |  |  | — |  |  |  | — |  |  |  | 2,391 |  |  |  | 40,434 |
Total residential real estate |  |  | 1,191,311 |  |  |  | 1,213 |  |  |  | 146 |  |  |  | — |  |  |  | 10,971 |  |  |  | 1,203,641 |
Other consumer |  |  | 41,270 |  |  |  | 33 |  |  |  | 354 |  |  |  | — |  |  |  | 57 |  |  |  | 41,714 |
Total consumer |  |  | 1,232,581 |  |  |  | 1,246 |  |  |  | 500 |  |  |  | — |  |  |  | 11,028 |  |  |  | 1,245,355 |
Total |  | $ | 4,035,075 |  |  | $ | 2,883 |  |  | $ | 4,473 |  |  | $ | — |  |  | $ | 59,644 |  |  | $ | 4,102,075 |
|  | December 31, 2024 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |  |  |  |
|  | Accruing |  |  | 30 - 59 Days |  |  | 60 - 89 Days |  |  | or More |  |  |  |  |  |  | Total |
(dollars in thousands) |  | Current |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Nonaccrual |  |  | Loans |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 654,073 |  |  | $ | 903 |  |  | $ | 133 |  |  | $ | 8,400 |  |  | $ | 3,218 |  |  | $ | 666,727 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 264,633 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,044 |  |  |  | 294,677 |
Multifamily |  |  | 363,123 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 363,123 |
Non-owner occupied |  |  | 961,808 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,217 |  |  |  | 967,025 |
Owner occupied |  |  | 369,176 |  |  |  | 225 |  |  |  | — |  |  |  | — |  |  |  | 2,017 |  |  |  | 371,418 |
Total commercial real estate |  |  | 1,958,740 |  |  |  | 225 |  |  |  | — |  |  |  | — |  |  |  | 37,278 |  |  |  | 1,996,243 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 60,690 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 609 |  |  |  | 61,299 |
Production |  |  | 62,269 |  |  |  | 87 |  |  |  | — |  |  |  | — |  |  |  | 652 |  |  |  | 63,008 |
Total agricultural |  |  | 122,959 |  |  |  | 87 |  |  |  | — |  |  |  | — |  |  |  | 1,261 |  |  |  | 124,307 |
Total commercial |  |  | 2,735,772 |  |  |  | 1,215 |  |  |  | 133 |  |  |  | 8,400 |  |  |  | 41,757 |  |  |  | 2,787,277 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 915,167 |  |  |  | 2,104 |  |  |  | 707 |  |  |  | 53 |  |  |  | 2,988 |  |  |  | 921,019 |
Construction |  |  | 28,867 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,680 |  |  |  | 33,547 |
HELOC |  |  | 160,430 |  |  |  | 169 |  |  |  | 450 |  |  |  | — |  |  |  | 1,460 |  |  |  | 162,509 |
Junior lien |  |  | 40,454 |  |  |  | 396 |  |  |  | — |  |  |  | — |  |  |  | 3,210 |  |  |  | 44,060 |
Total residential real estate |  |  | 1,144,918 |  |  |  | 2,669 |  |  |  | 1,157 |  |  |  | 53 |  |  |  | 12,338 |  |  |  | 1,161,135 |
Other consumer |  |  | 43,651 |  |  |  | 103 |  |  |  | 30 |  |  |  | — |  |  |  | 338 |  |  |  | 44,122 |
Total consumer |  |  | 1,188,569 |  |  |  | 2,772 |  |  |  | 1,187 |  |  |  | 53 |  |  |  | 12,676 |  |  |  | 1,205,257 |
Total |  | $ | 3,924,341 |  |  | $ | 3,987 |  |  | $ | 1,320 |  |  | $ | 8,453 |  |  | $ | 54,433 |  |  | $ | 3,992,534 |
In calculating expected credit losses, the Company includes loans on nonaccrual status and loans 90 days or more past due and still accruing. The following tables present the amortized cost basis on nonaccrual status loans and loans 90 days or more past due and still accruing as of September 30, 2025 and December 31, 2024:
|  | As of September 30, 2025 |
|  |  |  |  |  |  |  |  |  | 90 Days |
|  | Nonaccrual |  |  |  |  |  |  | or More |
|  | with no Allowance |  |  |  |  |  |  | Past Due |
(dollars in thousands) |  | for Credit Losses |  |  | Nonaccrual |  |  | and Accruing |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | — |  |  | $ | 12,190 |  |  | $ | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 24,576 |  |  |  | 31,315 |  |  |  | — |
Multifamily |  |  | 761 |  |  |  | 761 |  |  |  | — |
Non-owner occupied |  |  | 1,693 |  |  |  | 1,693 |  |  |  | — |
Owner occupied |  |  | 1,287 |  |  |  | 1,417 |  |  |  | — |
Total commercial real estate |  |  | 28,317 |  |  |  | 35,186 |  |  |  | — |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 702 |  |  |  | 702 |  |  |  | — |
Production |  |  | 538 |  |  |  | 538 |  |  |  | — |
Total agricultural |  |  | 1,240 |  |  |  | 1,240 |  |  |  | — |
Total commercial |  |  | 29,557 |  |  |  | 48,616 |  |  |  | — |
Consumer |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 2,575 |  |  |  | 2,687 |  |  |  | — |
Construction |  |  | 4,680 |  |  |  | 4,680 |  |  |  | — |
HELOC |  |  | 1,100 |  |  |  | 1,213 |  |  |  | — |
Junior lien |  |  | 2,305 |  |  |  | 2,391 |  |  |  | — |
Total residential real estate |  |  | 10,660 |  |  |  | 10,971 |  |  |  | — |
Other consumer |  |  | — |  |  |  | 57 |  |  |  | — |
Total consumer |  |  | 10,660 |  |  |  | 11,028 |  |  |  | — |
Total |  | $ | 40,217 |  |  | $ | 59,644 |  |  | $ | — |
|  | December 31, 2024 |
|  |  |  |  |  |  |  |  |  | 90 Days |
|  | Nonaccrual |  |  |  |  |  |  | or More |
|  | with no Allowance |  |  |  |  |  |  | Past Due |
(dollars in thousands) |  | for Credit Losses |  |  | Nonaccrual |  |  | and Accruing |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 2,952 |  |  | $ | 3,218 |  |  | $ | 8,400 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 24,638 |  |  |  | 30,044 |  |  |  | — |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |
Non-owner occupied |  |  | 5,217 |  |  |  | 5,217 |  |  |  | — |
Owner occupied |  |  | 1,706 |  |  |  | 2,017 |  |  |  | — |
Total commercial real estate |  |  | 31,561 |  |  |  | 37,278 |  |  |  | — |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 609 |  |  |  | 609 |  |  |  | — |
Production |  |  | 652 |  |  |  | 652 |  |  |  | — |
Total agricultural |  |  | 1,261 |  |  |  | 1,261 |  |  |  | — |
Total commercial |  |  | 35,774 |  |  |  | 41,757 |  |  |  | 8,400 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 2,614 |  |  |  | 2,988 |  |  |  | 53 |
Construction |  |  | 4,680 |  |  |  | 4,680 |  |  |  | — |
HELOC |  |  | — |  |  |  | 1,460 |  |  |  | — |
Junior lien |  |  | 2,696 |  |  |  | 3,210 |  |  |  | — |
Total residential real estate |  |  | 9,990 |  |  |  | 12,338 |  |  |  | 53 |
Other consumer |  |  | — |  |  |  | 338 |  |  |  | — |
Total consumer |  |  | 9,990 |  |  |  | 12,676 |  |  |  | 53 |
Total |  | $ | 45,764 |  |  | $ | 54,433 |  |  | $ | 8,453 |
Interest income that would have been recognized if loans on nonaccrual status had been current in accordance with their original terms for the three months ended September 30, 2025 and 2024, is estimated to have been $1.5 million and $1.9 million, respectively. The Company’s policy is to reverse previously recorded interest income when a loan is placed on nonaccrual status. As a result, the Company did not record any interest income on its nonaccrual loans for the three months ended September 30, 2025 or 2024. At September 30, 2025 and December 31, 2024, total accrued interest receivable on loans, which had been excluded from reported amortized cost basis on loans, was $18.3 million and $16.4 million, respectively, and was reported within accrued interest receivable on the consolidated statements of condition. An allowance was not carried on the accrued interest receivable at either date. The following tables present the amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans, as of September 30, 2025 and December 31, 2024:
|  | As of September 30, 2025 |
|  | Primary Type of Collateral |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Allowance for |
(dollars in thousands) |  | Real estate |  |  | Equipment |  |  | Other |  |  | Total |  |  | Credit Losses |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 31,315 |  |  |  | — |  |  |  | — |  |  |  | 31,315 |  |  |  | 4,984 |
Multifamily |  |  | 761 |  |  |  | — |  |  |  | — |  |  |  | 761 |  |  |  | — |
Non-owner occupied |  |  | 1,693 |  |  |  | — |  |  |  | — |  |  |  | 1,693 |  |  |  | — |
Owner occupied |  |  | 1,341 |  |  |  | — |  |  |  | — |  |  |  | 1,341 |  |  |  | 4 |
Total commercial real estate |  |  | 35,110 |  |  |  | — |  |  |  | — |  |  |  | 35,110 |  |  |  | 4,988 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 702 |  |  |  | — |  |  |  | — |  |  |  | 702 |  |  |  | — |
Production |  |  | 538 |  |  |  | — |  |  |  | — |  |  |  | 538 |  |  |  | — |
Total agricultural |  |  | 1,240 |  |  |  | — |  |  |  | — |  |  |  | 1,240 |  |  |  | — |
Total commercial |  |  | 36,350 |  |  |  | — |  |  |  | — |  |  |  | 36,350 |  |  |  | 4,988 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 2,585 |  |  |  | — |  |  |  | — |  |  |  | 2,585 |  |  |  | 3 |
Construction |  |  | 4,680 |  |  |  | — |  |  |  | — |  |  |  | 4,680 |  |  |  | — |
HELOC |  |  | 1,100 |  |  |  | — |  |  |  | — |  |  |  | 1,100 |  |  |  | — |
Junior lien |  |  | 2,305 |  |  |  | — |  |  |  | — |  |  |  | 2,305 |  |  |  | — |
Total residential real estate |  |  | 10,670 |  |  |  | — |  |  |  | — |  |  |  | 10,670 |  |  |  | 3 |
Other consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total consumer |  |  | 10,670 |  |  |  | — |  |  |  | — |  |  |  | 10,670 |  |  |  | 3 |
Total |  | $ | 47,020 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,020 |  |  | $ | 4,991 |
|  | As of December 31, 2024 |
|  | Primary Type of Collateral |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Allowance for |
(dollars in thousands) |  | Real estate |  |  | Equipment |  |  | Other |  |  | Total |  |  | Credit Losses |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 2,885 |  |  | $ | 275 |  |  | $ | — |  |  | $ | 3,160 |  |  | $ | 4 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land and development |  |  | 30,044 |  |  |  | — |  |  |  | — |  |  |  | 30,044 |  |  |  | 4,984 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-owner occupied |  |  | 5,217 |  |  |  | — |  |  |  | — |  |  |  | 5,217 |  |  |  | — |
Owner occupied |  |  | 1,936 |  |  |  | — |  |  |  | — |  |  |  | 1,936 |  |  |  | 9 |
Total commercial real estate |  |  | 37,197 |  |  |  | — |  |  |  | — |  |  |  | 37,197 |  |  |  | 4,993 |
Agricultural |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Land |  |  | 609 |  |  |  | — |  |  |  | — |  |  |  | 609 |  |  |  | — |
Production |  |  | — |  |  |  | 652 |  |  |  | — |  |  |  | 652 |  |  |  | — |
Total agricultural |  |  | 609 |  |  |  | 652 |  |  |  | — |  |  |  | 1,261 |  |  |  | — |
Total commercial |  |  | 40,691 |  |  |  | 927 |  |  |  | — |  |  |  | 41,618 |  |  |  | 4,997 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First lien |  |  | 2,514 |  |  |  | — |  |  |  | — |  |  |  | 2,514 |  |  |  | 7 |
Construction |  |  | 4,680 |  |  |  | — |  |  |  | — |  |  |  | 4,680 |  |  |  | — |
HELOC |  |  | 1,366 |  |  |  | — |  |  |  | — |  |  |  | 1,366 |  |  |  | 252 |
Junior lien |  |  | 3,105 |  |  |  | — |  |  |  | — |  |  |  | 3,105 |  |  |  | 330 |
Total residential real estate |  |  | 11,665 |  |  |  | — |  |  |  | — |  |  |  | 11,665 |  |  |  | 589 |
Other consumer |  |  | — |  |  |  | — |  |  |  | 289 |  |  |  | 289 |  |  |  | 50 |
Total consumer |  |  | 11,665 |  |  |  | — |  |  |  | 289 |  |  |  | 11,954 |  |  |  | 639 |
Total |  | $ | 52,356 |  |  | $ | 927 |  |  | $ | 289 |  |  | $ | 53,572 |  |  | $ | 5,636 |
Collateral dependent loans are loans for which the repayment is expected to be provided substantially by the underlying collateral when there are no other available and reliable sources of repayment. Loan Modifications to Borrowers Experiencing Financial Difficulty Effective January 1, 2023, the Company evaluates all loan modifications in accordance with ASU 2022-02. Under ASU 2022-02, a loan is evaluated to consider whether the loan, as modified, represents a new loan or is a continuation of an existing loan. In cases where a borrower experiences financial difficulty, the Company may make certain concessions for which the terms of the loan are modified. Loans experiencing financial difficulty can include modifications allowing an interest rate reduction below current market rates, a forgiveness of principal balance, an extension of the loan term, an other than significant payment delay, or some combination of these or similar types of modifications. During the three months ended September 30, 2025, the Company did not provide any modifications to loans under these circumstances that were experiencing financial difficulty. The following table presents the amortized cost basis of loans as of September 30, 2025, by type of modification, that were experiencing financial difficulty during the nine months ended September 30, 2025. There were no loans that were modified to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2024. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of the class of financing receivable as of September 30, 2025, is also presented below.
|  | Nine months ended September 30, 2025 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Combination Term |  |  | Combination Term |  |  |  |  |
|  | Interest Rate |  |  | Principal |  |  | Term |  |  | Payment |  |  | Extension and |  |  | Extension and Interest |  |  | Total % |
(dollars in thousands) |  | Reduction |  |  | Forgiveness |  |  | Extension |  |  | Delay |  |  | Principal Forgiveness |  |  | Rate Reduction |  |  | of Portfolio |
Agricultural − Land |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,463 |  |  | $ | — |  |  | $ | — |  |  |  | 2.2 | %
The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts and relevant factors are considered while assessing the adequacy of the ACL. For the three and nine months ended September 30, 2025 and 2024, there were no modified loans to borrowers experiencing financial difficulty that were past due or for which the borrower subsequently defaulted.

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