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Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Summary of Financing Receivables

The following table provides information about the principal classes of the loan portfolio at March 31, 2026 and December 31, 2025.

($ in thousands)						March 31, 2026						% of Total Loans						December 31, 2025						% of Total Loans
Commercial real estate						$	2,599,815					53.62		%				$	2,643,996					53.95		%
Residential real estate						1,425,733						29.41						1,414,964						28.88
Construction						342,835						7.07						344,903						7.04
Commercial						220,833						4.56						226,006						4.61
Consumer						254,478						5.25						265,912						5.43
Credit cards						4,336						0.09						4,521						0.09
Total loans						4,848,030						100.00		%				4,900,302						100.00		%
Less: allowance for credit losses						(58,481)												(58,836)
Total loans, net						$	4,789,549											$	4,841,466

Summary of Financing Receivable, Nonaccrual

The following tables provide information on the amortized cost basis of nonaccrual loans by loan class as of March 31, 2026 and December 31, 2025.

($ in thousands)						Nonaccrual With No Allowance For Credit Losses						Nonaccrual With An Allowance For Credit Losses						Total Nonaccrual Loans
March 31, 2026
Nonaccrual loans:
Commercial real estate						$	40,989					$	11,292					$	52,281
Residential real estate						8,116						961						9,077
Construction						161						—						161
Commercial						256						2,586						2,842
Consumer						475						59						534
Credit cards						—						63						63
Total						$	49,997					$	14,961					$	64,958
Interest income						$	655					$	295					$	950

($ in thousands)						Nonaccrual With No Allowance For Credit Losses						Nonaccrual With An Allowance For Credit Losses						Total Nonaccrual Loans
December 31, 2025
Nonaccrual loans:
Commercial real estate						$	6,135					$	19,498					$	25,633
Residential real estate						9,594						544						10,138
Construction						88						—						88
Commercial						2,297						784						3,081
Consumer						898						74						972
Credit cards						—						48						48
Total						$	19,012					$	20,948					$	39,960
Interest income						$	285					$	363					$	648

($ in thousands)						Nonaccrual Delinquent Loans						Nonaccrual Current Loans						Total Nonaccrual Loans
March 31, 2026
Nonaccrual loans:
Commercial real estate						$	1,838					$	50,443					$	52,281
Residential real estate						4,651						4,426						9,077
Construction						161						—						161
Commercial						—						2,842						2,842
Consumer						75						459						534
Credit cards						63						—						63
Total						$	6,788					$	58,170					$	64,958

($ in thousands)						Nonaccrual Delinquent Loans						Nonaccrual Current Loans						Total Nonaccrual Loans
December 31, 2025
Nonaccrual loans:
Commercial real estate						$	2,809					$	22,824					$	25,633
Residential real estate						3,808						6,330						10,138
Construction						88						—						88
Commercial						196						2,885						3,081
Consumer						491						481						972
Credit cards						32						16						48
Total						$	7,424					$	32,536					$	39,960

Summary of Financing Receivable Credit Quality Indicators

The following table provides information on loan risk ratings as of March 31, 2026 and gross charge-offs during the three months ended March 31, 2026.

						Term Loans by Origination Year																																				Revolving loans						Revolving converted to term loans						Total
($ in thousands)						Prior						2022						2023						2024						2025						2026
March 31, 2026
Commercial real estate
Pass						$	1,263,079					$	522,428					$	218,721					$	150,567					$	262,491					$	19,074					$	19,093					$	150					$	2,455,603
Special mention						28,222						50,924						341						272						—						—						—						—						79,759
Substandard						26,233						16,287						19,723						1,239						621						—						350						—						64,453
Total						$	1,317,534					$	589,639					$	238,785					$	152,078					$	263,112					$	19,074					$	19,443					$	150					$	2,599,815
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Residential real estate
Pass						$	484,287					$	272,211					$	199,154					$	157,905					$	123,083					$	25,120					$	136,107					$	40					$	1,397,907
Special mention						16,841						191						504						—						—						—						65						—						17,601
Substandard						7,965						715						316						—						110						—						1,119						—						10,225
Total						$	509,093					$	273,117					$	199,974					$	157,905					$	123,193					$	25,120					$	137,291					$	40					$	1,425,733
Gross charge-offs						$	(138)					$	—					$	—					$	—					$	—					$	—					$	(4)					$	—					$	(142)
Construction
Pass						$	32,869					$	6,929					$	27,791					$	90,705					$	151,703					$	17,237					$	14,252					$	946					$	342,432
Special mentions						—						—						—						—						—						—						—						—						—
Substandard						161						—						—						—						242						—						—						—						403
Total						$	33,030					$	6,929					$	27,791					$	90,705					$	151,945					$	17,237					$	14,252					$	946					$	342,835
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass						$	48,218					$	17,998					$	14,055					$	26,743					$	34,088					$	5,557					$	65,685					$	1,419					$	213,763
Special mention						22						89						95						70						52						—						83						—						411
Substandard						920						661						484						577						18						290						3,709						—						6,659
Total						$	49,160					$	18,748					$	14,634					$	27,390					$	34,158					$	5,847					$	69,477					$	1,419					$	220,833
Gross charge-offs						$	(2)					$	(37)					$	(149)					$	—					$	—					$	—					$	(15)					$	—					$	(203)
Consumer
Pass						$	49,914					$	83,717					$	35,458					$	27,786					$	44,744					$	11,598					$	727					$	—					$	253,944
Special mention						—						—						—						—						—						—						—						—						—
Substandard						8						60						407						—						59						—						—						—						534
Total						$	49,922					$	83,777					$	35,865					$	27,786					$	44,803					$	11,598					$	727					$	—					$	254,478
Gross charge-offs						$	(437)					$	(362)					$	—					$	(17)					$	(15)					$	—					$	—					$	—					$	(831)
Total
Pass						$	1,878,367					$	903,283					$	495,179					$	453,706					$	616,109					$	78,586					$	235,864					$	2,555					$	4,663,649
Special mention						45,085						51,204						940						342						52						—						148						—						97,771
Substandard						35,287						17,723						20,930						1,816						1,050						290						5,178						—						82,274
Total loans by risk category						$	1,958,739					$	972,210					$	517,049					$	455,864					$	617,211					$	78,876					$	241,190					$	2,555					$	4,843,694
Total gross charge-offs						$	(577)					$	(399)					$	(149)					$	(17)					$	(15)					$	—					$	(19)					$	—					$	(1,176)

The following table presents the amortized cost of credit card loans based on performing status and gross charge-offs during the three months ended March 31, 2026. 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						2022						2023						2024						2025						2026
March 31, 2026
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	4,273					$	—					$	4,273
Nonperforming						—						—						—						—						—						—						63						—						63
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	4,336					$	—					$	4,336
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(80)					$	—					$	(80)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	4,336					$	—					$	4,336
Total gross charge-offs						$	(577)					$	(399)					$	(149)					$	(17)					$	(15)					$	—					$	(99)					$	—					$	(1,256)
Total recorded investment						$	1,958,739					$	972,210					$	517,049					$	455,864					$	617,211					$	78,876					$	245,526					$	2,555					$	4,848,030

Summary of Aging of Loan Portfolio

The following table provides information on loan risk ratings as of December 31, 2025 and gross charge-offs during the year ended December 31, 2025.

						Term Loans by Origination Year																																				Revolving Loans						Revolving Converted to Term Loans						Total
($ in thousands)						Prior						2021						2022						2023						2024						2025
December 31, 2025
Commercial real estate
Pass						$	939,986					$	364,719					$	556,924					$	242,170					$	139,929					$	265,405					$	14,703					$	27,136					$	2,550,972
Special mention						15,105						2,884						34,014						344						—						—						—						—						52,347
Substandard						20,056						16,806						2,840						—						283						—						692						—						40,677
Total						$	975,147					$	384,409					$	593,778					$	242,514					$	140,212					$	265,405					$	15,395					$	27,136					$	2,643,996
Gross charge-offs						$	(109)					$	(2,640)					$	—					$	—					$	—					$	—					$	—					$	—					$	(2,749)
Residential real estate
Pass						$	317,764					$	182,198					$	275,869					$	215,397					$	147,517					$	114,300					$	131,075					$	695					$	1,384,815
Special mention						3,719						14,777						—						504						—						—						65						—						19,065
Substandard						6,990						2,012						267						330						—						112						1,373						—						11,084
Total						$	328,473					$	198,987					$	276,136					$	216,231					$	147,517					$	114,412					$	132,513					$	695					$	1,414,964
Gross charge-offs						$	(5)					$	—					$	—					$	—					$	—					$	—					$	(45)					$	—					$	(50)
Construction
Pass						$	27,094					$	7,238					$	7,047					$	28,868					$	108,885					$	151,738					$	13,070					$	632					$	344,572
Special mentions						—						—						—						—						—						—						—						—						—
Substandard						88						—						—						—						—						243						—						—						331
Total						$	27,182					$	7,238					$	7,047					$	28,868					$	108,885					$	151,981					$	13,070					$	632					$	344,903
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial
Pass						$	23,379					$	25,518					$	19,739					$	14,925					$	29,307					$	35,202					$	70,493					$	1,870					$	220,433
Special mention						104						27						107						105						76						54						845						—						1,318
Substandard						424						1,055						758						527						—						—						1,318						173						4,255
Total						$	23,907					$	26,600					$	20,604					$	15,557					$	29,383					$	35,256					$	72,656					$	2,043					$	226,006
Gross charge-offs						$	(71)					$	—					$	—					$	(329)					$	—					$	—					$	(381)					$	(31)					$	(812)
Consumer
Pass						$	7,954					$	45,750					$	88,990					$	39,576					$	31,597					$	49,634					$	769					$	—					$	264,270
Special mention						—						—						671						—						—						—						—						—						671
Substandard						1						29						396						445						41						59						—						—						971
Total						$	7,955					$	45,779					$	90,057					$	40,021					$	31,638					$	49,693					$	769					$	—					$	265,912
Gross charge-offs						$	(451)					$	(99)					$	(1,595)					$	(646)					$	(324)					$	—					$	(18)					$	—					$	(3,133)
Total
Pass						$	1,316,177					$	625,423					$	948,569					$	540,936					$	457,235					$	616,279					$	230,110					$	30,333					$	4,765,062
Special mention						18,928						17,688						34,792						953						76						54						910						—						73,401
Substandard						27,559						19,902						4,261						1,302						324						414						3,383						173						57,318
Total loans by risk category						$	1,362,664					$	663,013					$	987,622					$	543,191					$	457,635					$	616,747					$	234,403					$	30,506					$	4,895,781
Total gross charge-offs						$	(636)					$	(2,739)					$	(1,595)					$	(975)					$	(324)					$	—					$	(444)					$	(31)					$	(6,744)

The following table presents the amortized cost of credit card loans based on performing status and gross charge-offs during the year ended December 31, 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
December 31, 2025
Credit cards
Performing						$	—					$	—					$	—					$	—					$	—					$	—					$	4,473					$	—					$	4,473
Nonperforming						—						—						—						—						—						—						48						—						48
Total						$	—					$	—					$	—					$	—					$	—					$	—					$	4,521					$	—					$	4,521
Gross charge-offs						$	—					$	—					$	—					$	—					$	—					$	—					$	(535)					$	—					$	(535)
Total loans evaluated by performing status						$	—					$	—					$	—					$	—					$	—					$	—					$	4,521					$	—					$	4,521
Total gross charge-offs						$	(636)					$	(2,739)					$	(1,595)					$	(975)					$	(324)					$	—					$	(979)					$	(31)					$	(7,279)
Total recorded investment						$	1,362,664					$	663,013					$	987,622					$	543,191					$	457,635					$	616,747					$	238,924					$	30,506					$	4,900,302

The following tables provide information on the aging of the Company’s loan portfolio as of March 31, 2026 and December 31, 2025.

($ 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
March 31, 2026
Commercial real estate						$	761					$	881					$	—					$	1,183					$	655					$	3,480					$	2,545,892					$	50,443					$	2,599,815
Residential real estate						2,272						8						—						3,444						1,207						6,931						1,414,376						4,426						1,425,733
Construction						42						—						—						35						126						203						342,632						—						342,835
Commercial						45						—						—						—						—						45						217,946						2,842						220,833
Consumer						239						136						—						—						75						450						253,569						459						254,478
Credit cards						71						11						—						17						46						145						4,191						—						4,336
Total						$	3,430					$	1,036					$	—					$	4,679					$	2,109					$	11,254					$	4,778,606					$	58,170					$	4,848,030
Percent of total loans						0.07		%				0.02		%				0.00		%				0.10		%				0.04		%				0.23		%				98.57		%				1.20		%				100.00		%

($ 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, 2025
Commercial real estate						$	1,684					$	—					$	—					$	68					$	2,741					$	4,493					$	2,616,679					$	22,824					$	2,643,996
Residential real estate						1,663						397						71						1,225						2,583						5,939						1,402,695						6,330						1,414,964
Construction						—						43						79						—						88						210						344,693						—						344,903
Commercial						—						4						—						46						150						200						222,921						2,885						226,006
Consumer						390						690						—						43						448						1,571						263,860						481						265,912
Credit cards						14						19						105						32						—						170						4,335						16						4,521
Total						$	3,751					$	1,153					$	255					$	1,414					$	6,010					$	12,583					$	4,855,183					$	32,536					$	4,900,302
Percent of total loans						0.08		%				0.02		%				0.01		%				0.03		%				0.12		%				0.26		%				99.08		%				0.66		%				100.00		%

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 months ended March 31, 2026 and 2025. 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 March 31, 2026
Commercial real estate						$	21,387					$	—					$	—											$	285					$	21,672
Residential real estate						22,510						(142)						23												602						22,993
Construction						5,968						—						—												(1,162)						4,806
Commercial						3,005						(203)						27												668						3,497
Consumer						5,767						(831)						356												123						5,415
Credit cards						199						(80)						3												(24)						98
Total						$	58,836					$	(1,256)					$	409											$	492					$	58,481

($ in thousands)						Beginning Balance						Charge-offs						Recoveries												Provisions						Ending Balance
Three Months Ended March 31, 2025
Commercial real estate						$	22,846					$	—					$	78											$	(936)					$	21,988
Residential real estate						21,776						—						1												616						22,393
Construction						2,854						—						1												987						3,842
Commercial						3,138						(2)						6												(287)						2,855
Consumer						6,889						(482)						86												81						6,574
Credit cards						407						(242)						—												225						390
Total						$	57,910					$	(726)					$	172											$	686					$	58,042

Summary of Financing Receivable, Collateral Dependent Loans

The following tables present the amortized cost basis of collateral-dependent loans by loan portfolio segment as of March 31, 2026 and December 31, 2025.

						March 31, 2026
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	64,453					$	—					$	64,453
Residential real estate						10,225						—						10,225
Construction						404						—						404
Commercial(1)						—						6,658						6,658
Consumer(2)						—						533						533
Total						$	75,082					$	7,191					$	82,273

						December 31, 2025
($ in thousands)						Real Estate Collateral						Other Collateral						Total
Commercial real estate						$	40,676					$	—					$	40,676
Residential real estate						11,084						—						11,084
Construction						332						—						332
Commercial(1)						—						4,164						4,164
Consumer(2)						—						971						971
Total						$	52,092					$	5,135					$	57,227

____________________________________

(1)Commercial loans are primarily secured by underlying business assets of the borrower.

(2)Consumer loans are primarily secured by automobiles and boats of the borrower.

Summary of Servicing Assets at Fair Value

The following table presents activity in MSRs for the three months ended March 31, 2026 and 2025.

						Three Months Ended March 31,
($ in thousands)						2026						2025
Beginning balance						$	5,142					$	5,874
Net additions						—						43
Amortization expense						(159)						(52)
Other						—						(330)
Ending balance						$	4,983					$	5,535

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Financing Receivable, Collateral Dependent Loans

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. This is a consolidation of different methods combined.

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

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Balance Type:	na
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X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-80

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X

- References

No definition available.

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X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-16

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X

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

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