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Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Schedule of Financing Receivables

The following table provides information about the principal classes of the loan portfolio at June 30, 2025 and December 31, 2024.

($ in thousands)						June 30, 2025						% of Total Loans						December 31, 2024						% of Total Loans
Commercial real estate						$	2,603,974					53.95		%				$	2,557,806					53.60		%
Residential real estate						1,349,010						27.94						1,329,406						27.85
Construction						350,053						7.25						335,999						7.04
Commercial						224,092						4.64						237,932						4.99
Consumer						294,239						6.09						303,746						6.37
Credit cards						6,260						0.13						7,099						0.15
Total loans						4,827,628						100.00		%				4,771,988						100.00		%
Less: allowance for credit losses						(58,483)												(57,910)
Total loans, net						$	4,769,145											$	4,714,078

Summary of Financing Receivable, Nonaccrual

The following tables provide information on amortized cost basis on nonaccrual loans by loan class as of June 30, 2025 and December 31, 2024.

($ in thousands)						Nonaccrual With No Allowance For Credit Loss						Nonaccrual With An Allowance For Credit Loss						Total Nonaccrual Loans
June 30, 2025
Nonaccrual loans:
Commercial real estate						$	3,239					$	2,544					$	5,783
Residential real estate						7,768						—						7,768
Construction						330						—						330
Commercial						1,300						990						2,290
Consumer						589						—						589
Credit cards						—						22						22
Total						$	13,226					$	3,556					$	16,782
Interest income						$	219					$	67					$	286

($ in thousands)						Nonaccrual With No Allowance For Credit Loss						Nonaccrual With An Allowance For Credit Loss						Total Nonaccrual Loans
December 31, 2024
Nonaccrual loans:
Commercial real estate						$	8,192					$	2,194					$	10,386
Residential real estate						6,741						873						7,614
Construction						360						—						360
Commercial						458						549						1,007
Consumer						761						712						1,473
Credit cards						—						168						168
Total						$	16,512					$	4,496					$	21,008
Interest income						$	274					$	65					$	339

($ in thousands)						Nonaccrual Delinquent Loans						Nonaccrual Current Loans						Total Nonaccrual Loans
June 30, 2025
Nonaccrual loans:
Commercial real estate						$	2,710					$	3,073					$	5,783
Residential real estate						4,502						3,266						7,768
Construction						330						—						330
Commercial						506						1,784						2,290
Consumer						126						463						589
Credit cards						22						—						22
Total						$	8,196					$	8,586					$	16,782

($ in thousands)						Nonaccrual Delinquent Loans						Nonaccrual Current Loans						Total Nonaccrual Loans
December 31, 2024
Nonaccrual loans:
Commercial real estate						$	7,268					$	3,118					$	10,386
Residential real estate						3,979						3,635						7,614
Construction						360						—						360
Commercial						70						937						1,007
Consumer						1,431						42						1,473
Credit cards						146						22						168
Total						$	13,254					$	7,754					$	21,008

Summary of Financing Receivable Credit Quality Indicators

The following table provides information on loan risk ratings as of June 30, 2025 and gross write-offs during the six months ended June 30, 2025.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2021						2022						2023						2024						2025
June 30, 2025
Commercial real estate
Pass						$	1,018,604					$	408,550					$	540,962					$	261,806					$	135,760					$	127,485					$	15,334					$	27,592					$	2,536,093
Special mention						21,491						5,436						34,174						—						—						—						290						—						61,391
Substandard						3,080						2,853						—						—						—						—						557						—						6,490
Total						$	1,043,175					$	416,839					$	575,136					$	261,806					$	135,760					$	127,485					$	16,181					$	27,592					$	2,603,974
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate
Pass						$	344,691					$	205,315					$	284,972					$	220,729					$	107,203					$	51,744					$	123,497					$	517					$	1,338,668
Special mention						1,992						—						—						—						—						—						—						—						1,992
Substandard						5,343						1,557						278						401						—						—						771						—						8,350
Total						$	352,026					$	206,872					$	285,250					$	221,130					$	107,203					$	51,744					$	124,268					$	517					$	1,349,010
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Construction
Pass						$	35,231					$	7,540					$	37,073					$	42,961					$	144,210					$	64,963					$	16,364					$	1,164					$	349,506
Special mentions						—						217						—						—						—						—						—						—						217
Substandard						330						—						—						—						—						—						—						—						330
Total						$	35,561					$	7,757					$	37,073					$	42,961					$	144,210					$	64,963					$	16,364					$	1,164					$	350,053
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass						$	30,528					$	33,001					$	23,894					$	27,660					$	34,852					$	14,117					$	53,509					$	1,363					$	218,924
Special mention						155						—						35						—						—						—						794						34						1,018
Substandard						523						5						1,313						919						—						—						1,390						—						4,150
Total						$	31,206					$	33,006					$	25,242					$	28,579					$	34,852					$	14,117					$	55,693					$	1,397					$	224,092
Gross charge-offs						$	(2)					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	(2)
Consumer
Pass						$	10,075					$	53,680					$	103,852					$	50,606					$	40,749					$	33,076					$	667					$	—					$	292,705
Special mention						—						—						946						—						—						—						—						—						946
Substandard						—						30						78						448						32						—						—						—						588
Total						$	10,075					$	53,710					$	104,876					$	51,054					$	40,781					$	33,076					$	667					$	—					$	294,239
Gross charge-offs						$	(235)					$	(99)					$	(332)					$	(96)					$	(302)					$	—					$	(16)					$	—					$	(1,080)
Total
Pass						$	1,439,129					$	708,086					$	990,753					$	603,762					$	462,774					$	291,385					$	209,371					$	30,636					$	4,735,896
Special mention						23,638						5,653						35,155						—						—						—						1,084						34						65,564
Substandard						9,276						4,445						1,669						1,768						32						—						2,718						—						19,908
Total loans by risk category						$	1,472,043					$	718,184					$	1,027,577					$	605,530					$	462,806					$	291,385					$	213,173					$	30,670					$	4,821,368
Total gross charge-offs						$	(237)					$	(99)					$	(332)					$	(96)					$	(302)					$	—					$	(16)					$	—					$	(1,082)

The following table presents the amortized cost in credit card loans based on performing status and gross charge-off as of June 30, 2025 and gross write-offs during the six months ended June 30, 2025. Nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2021						2022						2023						2024						2025
June 30, 2025
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	6,238					$	—					$	6,238
Nonperforming						—						—						—						—						—						—						22						—						22
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	6,260					$	—					$	6,260
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(431)					$	—					$	(431)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	6,260					$	—					$	6,260
Total gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(431)					$	—					$	(431)
Total recorded investment						$	1,472,043					$	718,184					$	1,027,577					$	605,530					$	462,806					$	291,385					$	219,433					$	30,670					$	4,827,628

Summary of Aging of Loan Portfolio

The following table provides information on loan risk ratings as of December 31, 2024 and gross write-offs during the year ended December 31, 2024.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2020						2021						2022						2023						2024
December 31, 2024
Commercial real estate
Pass						$	822,391					$	297,098					$	435,084					$	534,936					$	250,482					$	136,891					$	24,966					$	14,084					$	2,515,932
Special mention						7,514						—						2,964						19,746						—						—						417						—						$	30,641
Substandard						7,684						—						2,991						—						—						—						558						—						11,233
Total						$	837,589					$	297,098					$	441,039					$	554,682					$	250,482					$	136,891					$	25,941					$	14,084					$	2,557,806
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate
Pass						$	291,306					$	78,568					$	211,938					$	295,402					$	220,753					$	101,005					$	119,367					$	613					$	1,318,952
Special mention						1,529						518						—						—						—						—						—						—						2,047
Substandard						5,414						—						1,342						290						885						—						476						—						8,407
Total						$	298,249					$	79,086					$	213,280					$	295,692					$	221,638					$	101,005					$	119,843					$	613					$	1,329,406
Gross charge-offs						$	(1)					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	(1)
Construction
Pass						$	31,884					$	8,191					$	8,628					$	56,685					$	70,232					$	131,383					$	26,785					$	1,851					$	335,639
Special mentions						—						—						—						—						—						—						—						—						—
Substandard						360						—						—						—						—						—						—						—						360
Total						$	32,244					$	8,191					$	8,628					$	56,685					$	70,232					$	131,383					$	26,785					$	1,851					$	335,999
Gross charge-offs						$	—					$	—					$	(12)					$	—					$	—					$	—					$	—					$	—					$	(12)
Commercial
Pass						$	25,214					$	11,088					$	40,817					$	29,142					$	29,458					$	39,489					$	57,982					$	874					$	234,064
Special mention						116						—						—						—						—						—						703						11						830
Substandard						515						—						8						1,257						500						—						257						501						3,038
Total						$	25,845					$	11,088					$	40,825					$	30,399					$	29,958					$	39,489					$	58,942					$	1,386					$	237,932
Gross charge-offs						$	(54)					$	(11)					$	—					$	(56)					$	(69)					$	—					$	—					$	—					$	(190)
Consumer
Pass						$	1,315					$	10,469					$	60,718					$	114,639					$	61,652					$	52,798					$	682					$	—					$	302,273
Special mention						—						—						—						—						—						—						—						—						—
Substandard						2						—						48						860						563						—						—						—						1,473
Total						$	1,317					$	10,469					$	60,766					$	115,499					$	62,215					$	52,798					$	682					$	—					$	303,746
Gross charge-offs						$	(1,287)					$	(12)					$	(389)					$	(1,764)					$	(177)					$	—					$	(17)					$	—					$	(3,646)
Total
Pass						$	1,172,110					$	405,414					$	757,185					$	1,030,804					$	632,577					$	461,566					$	229,782					$	17,422					$	4,706,860
Special mention						9,159						$	518					$	2,964					$	19,746					$	—					$	—					$	1,120					$	11					33,518
Substandard						13,975						—						4,389						2,407						1,948						—						1,291						501						24,511
Total loans by risk category						$	1,195,244					$	405,932					$	764,538					$	1,052,957					$	634,525					$	461,566					$	232,193					$	17,934					$	4,764,889
Total gross charge-offs						$	(1,342)					$	(23)					$	(401)					$	(1,820)					$	(246)					$	—					$	(17)					$	—					$	(3,849)

The following table presents the amortized cost in credit card loans based on performing status and gross charge-off as of December 31, 2024 and gross write-offs during the year ended December 31, 2024. Nonperforming loans consisted of nonaccrual loans and loans past due 90 days or more and still accruing.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2020						2021						2022						2023						2024
December 31, 2024
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	6,931					$	—					$	6,931
Nonperforming						—						—						—						—						—						—						168						—						168
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	7,099					$	—					$	7,099
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(584)					$	—					$	(584)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	7,099					$	—					$	7,099
Total gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(584)					$	—					$	(584)
Total recorded investment						$	1,195,244					$	405,932					$	764,538					$	1,052,957					$	634,525					$	461,566					$	239,292					$	17,934					$	4,771,988

The following tables provide information on the aging of the Company’s loan portfolio as of June 30, 2025 and December 31, 2024.

($ in thousands)						30‑59 Days Past Due						60‑89 Days Past Due						90 Days Past Due and Still Accruing						30-89 Days Past Due and Not Accruing						90 Days Past Due and Not Accruing						Total Past Due						Current Accrual Loans						Current Nonaccrual Loans						Total
June 30, 2025
Commercial real estate						$	1,279					$	126					$	—					$	2,234					$	476					$	4,115					$	2,596,786					$	3,073					$	2,603,974
Residential real estate						2,746						858						56						1,821						2,681						8,162						1,337,582						3,266						1,349,010
Construction						44						—						—						—						330						374						349,679						—						350,053
Commercial						45						3						—						—						506						554						221,754						1,784						224,092
Consumer						3,136						1,046						9						28						98						4,317						289,459						463						294,239
Credit cards						40						20						150						—						22						232						6,028						—						6,260
Total						$	7,290					$	2,053					$	215					$	4,083					$	4,113					$	17,754					$	4,801,288					$	8,586					$	4,827,628
Percent of total loans						0.2		%				0.0		%				0.0		%				0.1		%				0.1		%				0.4		%				99.4		%				0.2		%				100.0		%

($ in thousands)						30‑59 days Past Due						60‑89 Days Past Due						90 Days Past Due and Still Accruing						30-89 Days Past Due and Not Accruing						90 Days Past Due and Not Accruing						Total Past Due						Current Accrual Loans						Current Nonaccrual Loans						Total
December 31, 2024
Commercial real estate						$	75					$	—					$	—					$	2,328					$	4,940					$	7,343					$	2,547,345					$	3,118					$	2,557,806
Residential real estate						3,828						246						127						655						3,324						8,180						1,317,591						3,635						1,329,406
Construction						30						—						—						—						360						390						335,609						—						335,999
Commercial						152						2						—						—						70						224						236,771						937						237,932
Consumer						4,068						55						—						1,180						251						5,554						298,150						42						303,746
Credit cards						161						190						167						—						146						664						6,413						22						7,099
Total						$	8,314					$	493					$	294					$	4,163					$	9,091					$	22,355					$	4,741,879					$	7,754					$	4,771,988
Percent of total loans						0.2		%				0.0		%				0.0		%				0.1		%				0.2		%				0.5		%				99.4		%				0.2		%				100.0		%

Summary of Consolidated Allowance for Credit Losses on Financing Receivables

The following tables provide a summary of the activity in the ACL allocated by loan class for the three and six months ended June 30, 2025 and 2024. Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses from other loan classes.

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Three Months Ended June 30, 2025
Commercial real estate						$	21,988					$	—					$	—											$	(1,809)					$	20,179
Residential real estate						22,394						—						2												807						23,203
Construction						3,842						—						—												1,963						5,805
Commercial						2,854						—						81												(65)						2,870
Consumer						6,574						(598)						55												157						6,188
Credit cards						390						(189)						—												37						238
Total						$	58,042					$	(787)					$	138											$	1,090					$	58,483

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Three Months Ended June 30, 2024
Commercial real estate						$	23,013					$	—					$	—											$	(29)					$	22,984
Residential real estate						19,005						—						2												1,493						20,500
Construction						3,558						—						4												(91)						3,471
Commercial						2,879						(23)						2												8						2,866
Consumer						8,682						(861)						68												256						8,145
Credit cards						199						(78)						—												391						512
Total						$	57,336					$	(962)					$	76											$	2,028					$	58,478

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Six Months Ended June 30, 2025
Commercial real estate						$	22,846					$	—					$	78											$	(2,745)					$	20,179
Residential real estate						21,776						—						3												1,424						23,203
Construction						2,854						—						1												2,950						5,805
Commercial						3,138						(2)						87												(353)						2,870
Consumer						6,889						(1,080)						141												238						6,188
Credit cards						407						(431)						—												262						238
Total						$	57,910					$	(1,513)					$	310											$	1,776					$	58,483

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Six Months Ended June 30, 2024
Commercial real estate						$	23,015					$	—					$	—											$	(31)					$	22,984
Residential real estate						19,909						(1)						4												588						20,500
Construction						3,935						(12)						6												(458)						3,471
Commercial						2,671						(23)						3												215						2,866
Consumer						7,601						(1,386)						144												1,786						8,145
Credit cards						220						(194)						8												478						512
Total						$	57,351					$	(1,616)					$	165											$	2,578					$	58,478

Summary of Financing Receivable, Collateral Dependent Loans

The following tables present the amortized cost basis of collateral-dependent loans by loan portfolio segment.

						June 30, 2025
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	5,783					$	—					$	5,783
Residential real estate						7,768						—						7,768
Construction						330						—						330
Commercial						—						2,290						2,290
Consumer						—						589						589
Total						$	13,881					$	2,879					$	16,760

						December 31, 2024
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	10,386					$	—					$	10,386
Residential real estate						7,614						—						7,614
Construction						360						—						360
Commercial						—						1,007						1,007
Consumer						—						1,473						1,473
Total						$	18,360					$	2,480					$	20,840

Schedule of Servicing Assets at Fair Value

The following table presents activity in MSRs for the three and six months ended June 30, 2025.

($ in thousands)						Three Months Ended June 30, 2025						Six Months Ended June 30, 2025
Beginning balance						$	5,535					$	5,874
Net additions						15						58
Amortization expense						(154)						(206)
Other						—						(330)
Ending balance						$	5,396					$	5,396

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