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Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2025

Receivables [Abstract]

Summary of Financing Receivables

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

($ in thousands)						September 30, 2025						% of Total Loans						December 31, 2024						% of Total Loans
Commercial real estate						$	2,642,601					54.12		%				$	2,557,806					53.60		%
Residential real estate						1,383,348						28.33						1,329,406						27.85
Construction						352,116						7.21						335,999						7.04
Commercial						221,598						4.54						237,932						4.99
Consumer						278,242						5.70						303,746						6.37
Credit cards						5,064						0.10						7,099						0.15
Total loans						4,882,969						100.00		%				4,771,988						100.00		%
Less: allowance for credit losses						(59,554)												(57,910)
Total loans, net						$	4,823,415											$	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 September 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
September 30, 2025
Nonaccrual loans:
Commercial real estate						$	8,100					$	2,062					$	10,162
Residential real estate						9,362						547						9,909
Construction						52						—						52
Commercial						2,410						1,279						3,689
Consumer						518						—						518
Credit cards						—						48						48
Total						$	20,442					$	3,936					$	24,378
Interest income						$	359					$	62					$	421

($ 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
September 30, 2025
Nonaccrual loans:
Commercial real estate						$	2,991					$	7,171					$	10,162
Residential real estate						4,396						5,513						9,909
Construction						52						—						52
Commercial						172						3,517						3,689
Consumer						30						488						518
Credit cards						—						48						48
Total						$	7,641					$	16,737					$	24,378

($ 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 September 30, 2025 and gross write-offs during the nine months ended September 30, 2025.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2021						2022						2023						2024						2025
September 30, 2025
Commercial real estate
Pass						$	969,316					$	399,232					$	549,420					$	255,268					$	140,264					$	201,680					$	16,859					$	27,384					$	2,559,423
Special mention						15,429						2,905						34,190						346						—						—						—						—						52,870
Substandard						23,069						5,268						735						—						295						—						941						—						30,308
Total						$	1,007,814					$	407,405					$	584,345					$	255,614					$	140,559					$	201,680					$	17,800					$	27,384					$	2,642,601
Gross charge-offs						$	(109)					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	(109)
Residential real estate
Pass						$	330,559					$	187,331					$	281,330					$	220,723					$	123,221					$	84,798					$	126,646					$	703					$	1,355,311
Special mention						1,730						14,860						—						—						—						—						—						—						16,590
Substandard						7,755						1,691						272						396						—						—						1,333						—						11,447
Total						$	340,044					$	203,882					$	281,602					$	221,119					$	123,221					$	84,798					$	127,979					$	703					$	1,383,348
Gross charge-offs						$	(4)					$	—					$	—					$	—					$	—					$	—					$	(45)					$	—					$	(49)
Construction
Pass						$	32,373					$	7,395					$	23,910					$	35,391					$	134,353					$	98,992					$	18,775					$	631					$	351,820
Special mentions						—						—						—						—						—						—						—						—						—
Substandard						52						—						—						—						—						244						—						—						296
Total						$	32,425					$	7,395					$	23,910					$	35,391					$	134,353					$	99,236					$	18,775					$	631					$	352,116
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass						$	28,427					$	26,853					$	22,025					$	25,952					$	32,990					$	21,407					$	54,883					$	1,671					$	214,208
Special mention						110						38						125						115						82						57						1,010						—						1,537
Substandard						483						1,117						1,327						556						—						—						2,231						139						5,853
Total						$	29,020					$	28,008					$	23,477					$	26,623					$	33,072					$	21,464					$	58,124					$	1,810					$	221,598
Gross charge-offs						$	(51)					$	—					$	—					$	(329)					$	—					$	—					$	(31)					$	(31)					$	(442)
Consumer
Pass						$	8,369					$	49,271					$	94,831					$	45,560					$	35,514					$	43,354					$	825					$	—					$	277,724
Special mention						—						—						—						—						—						—						—						—						—
Substandard						2						19						61						408						28						—						—						—						518
Total						$	8,371					$	49,290					$	94,892					$	45,968					$	35,542					$	43,354					$	825					$	—					$	278,242
Gross charge-offs						$	(359)					$	(99)					$	(1,538)					$	(136)					$	(314)					$	—					$	(16)					$	—					$	(2,462)
Total
Pass						$	1,369,044					$	670,082					$	971,516					$	582,894					$	466,342					$	450,231					$	217,988					$	30,389					$	4,758,486
Special mention						17,269						17,803						34,315						461						82						57						1,010						—						70,997
Substandard						31,361						8,095						2,395						1,360						323						244						4,505						139						48,422
Total loans by risk category						$	1,417,674					$	695,980					$	1,008,226					$	584,715					$	466,747					$	450,532					$	223,503					$	30,528					$	4,877,905
Total gross charge-offs						$	(523)					$	(99)					$	(1,538)					$	(465)					$	(314)					$	—					$	(92)					$	(31)					$	(3,062)

The following table presents the amortized cost in credit card loans based on performing status and gross charge-off as of September 30, 2025 and gross write-offs during the nine months ended September 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
September 30, 2025
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	5,016					$	—					$	5,016
Nonperforming						—						—						—						—						—						—						48						—						48
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	5,064					$	—					$	5,064
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(525)					$	—					$	(525)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	5,064					$	—					$	5,064
Total gross charge-offs						$	(523)					$	(99)					$	(1,538)					$	(465)					$	(314)					$	—					$	(617)					$	(31)					$	(3,587)
Total recorded investment						$	1,417,674					$	695,980					$	1,008,226					$	584,715					$	466,747					$	450,532					$	228,567					$	30,528					$	4,882,969

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 September 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
September 30, 2025
Commercial real estate						$	1,594					$	—					$	—					$	2,512					$	479					$	4,585					$	2,630,845					$	7,171					$	2,642,601
Residential real estate						1,972						414						128						1,869						2,527						6,910						1,370,925						5,513						1,383,348
Construction						82						—						—						—						52						134						351,982						—						352,116
Commercial						9						—						—						8						164						181						217,900						3,517						221,598
Consumer						1,356						103						1						15						15						1,490						276,264						488						278,242
Credit cards						4						25						24						—						—						53						4,963						48						5,064
Total						$	5,017					$	542					$	153					$	4,404					$	3,237					$	13,353					$	4,852,879					$	16,737					$	4,882,969
Percent of total loans						0.1		%				0.0		%				0.0		%				0.1		%				0.1		%				0.3		%				99.4		%				0.3		%				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 nine months ended September 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 September 30, 2025
Commercial real estate						$	21,662					$	(109)					$	—											$	(484)					$	21,069
Residential real estate						21,720						(49)						190												949						22,810
Construction						5,805						—						—												416						6,221
Commercial						2,870						(440)						5												1,207						3,642
Consumer						6,188						(1,382)						54												842						5,702
Credit cards						238						(94)						—												(34)						110
Total						$	58,483					$	(2,074)					$	249											$	2,896					$	59,554

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Three Months Ended September 30, 2024
Commercial real estate						$	22,984					$	—					$	—											$	115					$	23,099
Residential real estate						20,500						—						1												1,206						21,707
Construction						3,471						—						1												(578)						2,894
Commercial						2,866						(154)						1												512						3,225
Consumer						8,145						(1,015)						88												36						7,254
Credit cards						512						(210)						—												188						490
Total						$	58,478					$	(1,379)					$	91											$	1,479					$	58,669

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Nine Months Ended September 30, 2025
Commercial real estate						$	22,846					$	(109)					$	78											$	(1,746)					$	21,069
Residential real estate						21,776						(49)						193												890						22,810
Construction						2,854						—						1												3,366						6,221
Commercial						3,138						(442)						92												854						3,642
Consumer						6,889						(2,462)						195												1,080						5,702
Credit cards						407						(525)						—												228						110
Total						$	57,910					$	(3,587)					$	559											$	4,672					$	59,554

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Nine Months Ended September 30, 2024
Commercial real estate						$	23,015					$	—					$	—											$	84					$	23,099
Residential real estate						19,909						(1)						5												1,794						21,707
Construction						3,935						(12)						7												(1,036)						2,894
Commercial						2,671						(177)						4												727						3,225
Consumer						7,601						(2,401)						232												1,822						7,254
Credit cards						220						(405)						9												666						490
Total						$	57,351					$	(2,996)					$	257											$	4,057					$	58,669

Summary of Financing Receivable, Collateral Dependent Loans

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

						September 30, 2025
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	10,162					$	—					$	10,162
Residential real estate						9,909						—						9,909
Construction						52						—						52
Commercial						—						3,689						3,689
Consumer						—						518						518
Total						$	20,123					$	4,207					$	24,330

						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

Summary of Servicing Assets at Fair Value

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

($ in thousands)						Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025
Beginning balance						$	5,396					$	5,874
Net additions						54						111
Amortization expense						(157)						(362)
Other						—						(330)
Ending balance						$	5,293					$	5,293

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