XML 32 R25.htm IDEA: XBRL DOCUMENT v3.25.3
Loans and ACL (Tables)
9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Summary of Amortized Cost of Loans Held for Investment

The following table presents the amortized cost of loans held for investment as of the dates stated.

(Dollars in thousands)

 

September 30, 2025

 

 

December 31, 2024

 

Commercial and industrial

 

$

276,609

 

 

$

354,904

 

Real estate – construction, commercial

 

 

73,473

 

 

 

114,491

 

Real estate – construction, residential

 

 

50,892

 

 

 

51,807

 

Real estate – commercial

 

 

818,101

 

 

 

847,842

 

Real estate – residential

 

 

654,030

 

 

 

692,253

 

Real estate – farmland

 

 

4,645

 

 

 

5,520

 

Consumer

 

 

33,778

 

 

 

43,938

 

Gross loans held for investment

 

 

1,911,528

 

 

 

2,110,755

 

Deferred costs, net of loan fees

 

 

1,198

 

 

 

1,042

 

Total

 

$

1,912,726

 

 

$

2,111,797

 

Summary of Financing Receivable, Past Due

The following tables present the aging of the recorded investment of loans held for investment by loan category as of the dates stated.

 

 

September 30, 2025

 

(Dollars in thousands)

 

Current
Loans

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

Greater than
90 Days Past
Due &
Accruing

 

 

Nonaccrual

 

 

Total
Loans

 

Commercial and industrial

 

$

263,961

 

 

$

1,328

 

 

$

1,171

 

 

$

1,700

 

 

$

8,449

 

 

$

276,609

 

Real estate – construction, commercial

 

 

73,237

 

 

 

236

 

 

 

 

 

 

 

 

 

 

 

 

73,473

 

Real estate – construction, residential

 

 

50,738

 

 

 

154

 

 

 

 

 

 

 

 

 

 

 

 

50,892

 

Real estate – commercial

 

 

809,216

 

 

 

303

 

 

 

831

 

 

 

 

 

 

7,751

 

 

 

818,101

 

Real estate – residential

 

 

642,241

 

 

 

536

 

 

 

1,351

 

 

 

2,350

 

 

 

7,552

 

 

 

654,030

 

Real estate – farmland

 

 

4,645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,645

 

Consumer

 

 

31,831

 

 

 

995

 

 

 

175

 

 

 

202

 

 

 

575

 

 

 

33,778

 

Deferred costs, net of loan fees

 

 

1,198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,198

 

Total

 

$

1,877,067

 

 

$

3,552

 

 

$

3,528

 

 

$

4,252

 

 

$

24,327

 

 

$

1,912,726

 

 

 

 

December 31, 2024

 

(Dollars in thousands)

 

Current
Loans

 

 

30-59
Days
Past Due

 

 

60-89
Days
Past Due

 

 

Greater than
90 Days Past
Due &
Accruing

 

 

Nonaccrual

 

 

Total
Loans

 

Commercial and industrial

 

$

339,893

 

 

$

1,335

 

 

$

1,232

 

 

$

2,259

 

 

$

10,185

 

 

$

354,904

 

Real estate – construction, commercial

 

 

114,238

 

 

 

 

 

 

33

 

 

 

 

 

 

220

 

 

 

114,491

 

Real estate – construction, residential

 

 

51,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

51,807

 

Real estate – commercial

 

 

842,982

 

 

 

625

 

 

 

 

 

 

 

 

 

4,235

 

 

 

847,842

 

Real estate – residential

 

 

680,406

 

 

 

3,874

 

 

 

476

 

 

 

 

 

 

7,497

 

 

 

692,253

 

Real estate – farmland

 

 

5,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,520

 

Consumer

 

 

41,295

 

 

 

1,296

 

 

 

300

 

 

 

227

 

 

 

820

 

 

 

43,938

 

Deferred costs, net of loan fees

 

 

1,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,042

 

Total

 

$

2,077,183

 

 

$

7,130

 

 

$

2,041

 

 

$

2,486

 

 

$

22,957

 

 

$

2,111,797

 

 

Summary of Investment of PCI loans

The following tables present the recorded investment of nonaccrual loans held for investment with and without an ACL by loan category as of the dates stated.

 

 

September 30, 2025

 

(Dollars in thousands)

 

Nonaccrual Loans with No ACL

 

 

Nonaccrual Loans with an ACL

 

 

Total Nonaccrual Loans

 

Commercial and industrial

 

$

481

 

 

$

7,968

 

 

$

8,449

 

Real estate – commercial

 

 

5,699

 

 

 

2,052

 

 

 

7,751

 

Real estate – residential

 

 

2,875

 

 

 

4,677

 

 

 

7,552

 

Consumer

 

 

 

 

 

575

 

 

 

575

 

Total

 

$

9,055

 

 

$

15,272

 

 

$

24,327

 

 

 

 

December 31, 2024

 

(Dollars in thousands)

 

Nonaccrual Loans with No ACL

 

 

Nonaccrual Loans with an ACL

 

 

Total Nonaccrual Loans

 

Commercial and industrial

 

$

778

 

 

$

9,407

 

 

$

10,185

 

Real estate – construction, commercial

 

 

 

 

 

220

 

 

 

220

 

Real estate – commercial

 

 

 

 

 

4,235

 

 

 

4,235

 

Real estate – residential

 

 

1,669

 

 

 

5,828

 

 

 

7,497

 

Consumer

 

 

 

 

 

820

 

 

 

820

 

Total

 

$

2,447

 

 

$

20,510

 

 

$

22,957

 

Summary of Accrued Interest Receivable by Loan Type Reversed from Income

The following table presents accrued interest receivable by loan type reversed from interest income associated with loans held for investment that were placed on nonaccrual status for the periods stated.

 

 

For the three months ended September 30,

 

 

For the nine months ended September 30,

 

(Dollars in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Commercial and industrial

 

$

28

 

 

$

165

 

 

$

86

 

 

$

381

 

Real estate – construction, commercial

 

 

 

 

 

35

 

 

 

 

 

 

60

 

Real estate – commercial

 

 

27

 

 

 

77

 

 

 

29

 

 

 

175

 

Real estate – residential

 

 

35

 

 

 

52

 

 

 

102

 

 

 

104

 

Consumer

 

 

7

 

 

 

5

 

 

 

14

 

 

 

10

 

Total

 

$

97

 

 

$

334

 

 

$

231

 

 

$

730

 

Summary of Recorded Investment of Loans Held for Investment by Internal Loan Grade by Year of Orgination

The following table presents the recorded investment of loans held for investment by internal loan risk grade by year of origination as of September 30, 2025. There were no loans classified as doubtful or loss (risk grades 8 and 9,

respectively) as of the same date. Also presented are current period gross charge-offs by loan type for the nine months ended September 30, 2025.

 

 

Term Loans Recorded Investment Basis by Origination Year

 

 

 

 

 

 

 

(Dollars in thousands)

 

2025

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

Prior

 

 

Revolving Loans

 

 

Total

 

Commercial and industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

$

17,449

 

 

$

8,903

 

 

$

11,166

 

 

$

45,179

 

 

$

10,938

 

 

$

23,464

 

 

$

98,045

 

 

$

215,144

 

Risk Grades 5 - 6

 

 

671

 

 

 

353

 

 

 

1,030

 

 

 

23,518

 

 

 

3,881

 

 

 

4,013

 

 

 

5,046

 

 

 

38,512

 

Risk Grade 7

 

 

 

 

 

 

 

 

1,804

 

 

 

4,702

 

 

 

12,801

 

 

 

1,879

 

 

 

1,767

 

 

 

22,953

 

Total

 

 

18,120

 

 

 

9,256

 

 

 

14,000

 

 

 

73,399

 

 

 

27,620

 

 

 

29,356

 

 

 

104,858

 

 

 

276,609

 

Current period gross charge-offs

 

 

 

 

 

346

 

 

 

368

 

 

 

5,505

 

 

 

12

 

 

 

161

 

 

 

50

 

 

 

6,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – construction, commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

13,619

 

 

 

5,497

 

 

 

2,191

 

 

 

32,029

 

 

 

3,660

 

 

 

4,332

 

 

 

56

 

 

 

61,384

 

Risk Grades 5 - 6

 

 

176

 

 

 

 

 

 

1,078

 

 

 

 

 

 

690

 

 

 

10,136

 

 

 

 

 

 

12,080

 

Risk Grade 7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

 

 

9

 

Total

 

 

13,795

 

 

 

5,497

 

 

 

3,269

 

 

 

32,029

 

 

 

4,359

 

 

 

14,468

 

 

 

56

 

 

 

73,473

 

Current period gross charge-offs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – construction, residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

15,774

 

 

 

10,066

 

 

 

519

 

 

 

75

 

 

 

94

 

 

 

73

 

 

 

300

 

 

 

26,901

 

Risk Grades 5 - 6

 

 

338

 

 

 

 

 

 

 

 

 

3,186

 

 

 

20,000

 

 

 

 

 

 

 

 

 

23,524

 

Risk Grade 7

 

 

 

 

 

 

 

 

 

 

 

467

 

 

 

 

 

 

 

 

 

 

 

 

467

 

Total

 

 

16,112

 

 

 

10,066

 

 

 

519

 

 

 

3,728

 

 

 

20,094

 

 

 

73

 

 

 

300

 

 

 

50,892

 

Current period gross charge-offs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

40,542

 

 

 

4,554

 

 

 

29,808

 

 

 

200,617

 

 

 

103,935

 

 

 

232,286

 

 

 

17,397

 

 

 

629,139

 

Risk Grades 5 - 6

 

 

 

 

 

513

 

 

 

3,368

 

 

 

81,731

 

 

 

8,416

 

 

 

47,878

 

 

 

4,862

 

 

 

146,768

 

Risk Grade 7

 

 

 

 

 

1,555

 

 

 

 

 

 

31,354

 

 

 

8,566

 

 

 

719

 

 

 

 

 

 

42,194

 

Total

 

 

40,542

 

 

 

6,622

 

 

 

33,176

 

 

 

313,702

 

 

 

120,917

 

 

 

280,883

 

 

 

22,259

 

 

 

818,101

 

Current period gross charge-offs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

374

 

 

 

63

 

 

 

 

 

 

437

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

4,004

 

 

 

3,062

 

 

 

68,780

 

 

 

210,258

 

 

 

105,871

 

 

 

185,953

 

 

 

54,206

 

 

 

632,134

 

Risk Grades 5 - 6

 

 

805

 

 

 

453

 

 

 

266

 

 

 

781

 

 

 

1,394

 

 

 

5,390

 

 

 

209

 

 

 

9,298

 

Risk Grade 7

 

 

319

 

 

 

 

 

 

1,104

 

 

 

3,492

 

 

 

1,264

 

 

 

5,823

 

 

 

596

 

 

 

12,598

 

Total

 

 

5,128

 

 

 

3,515

 

 

 

70,150

 

 

 

214,531

 

 

 

108,529

 

 

 

197,166

 

 

 

55,011

 

 

 

654,030

 

Current period gross charge-offs

 

 

 

 

 

 

 

 

65

 

 

 

 

 

 

 

 

 

43

 

 

 

107

 

 

 

215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – farmland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

 

 

 

144

 

 

 

 

 

 

990

 

 

 

1,198

 

 

 

1,883

 

 

 

147

 

 

 

4,362

 

Risk Grades 5 - 6

 

 

62

 

 

 

 

 

 

126

 

 

 

 

 

 

95

 

 

 

 

 

 

 

 

 

283

 

Total

 

 

62

 

 

 

144

 

 

 

126

 

 

 

990

 

 

 

1,293

 

 

 

1,883

 

 

 

147

 

 

 

4,645

 

Current period gross charge-offs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

3,714

 

 

 

3,879

 

 

 

11,982

 

 

 

5,900

 

 

 

820

 

 

 

589

 

 

 

5,473

 

 

 

32,357

 

Risk Grades 5 - 6

 

 

 

 

 

202

 

 

 

165

 

 

 

199

 

 

 

28

 

 

 

26

 

 

 

 

 

 

620

 

Risk Grade 7

 

 

 

 

 

43

 

 

 

233

 

 

 

343

 

 

 

137

 

 

 

45

 

 

 

 

 

 

801

 

Total

 

 

3,714

 

 

 

4,124

 

 

 

12,380

 

 

 

6,442

 

 

 

985

 

 

 

660

 

 

 

5,473

 

 

 

33,778

 

Current period gross charge-offs

 

 

156

 

 

 

382

 

 

 

191

 

 

 

1,277

 

 

 

53

 

 

 

11

 

 

 

 

 

 

2,070

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

$

95,102

 

 

$

36,105

 

 

$

124,446

 

 

$

495,048

 

 

$

226,516

 

 

$

448,580

 

 

$

175,624

 

 

$

1,601,421

 

Risk Grades 5 - 6

 

 

2,052

 

 

 

1,521

 

 

 

6,033

 

 

 

109,415

 

 

 

34,504

 

 

 

67,443

 

 

 

10,117

 

 

 

231,085

 

Risk Grade 7

 

 

319

 

 

 

1,598

 

 

 

3,141

 

 

 

40,358

 

 

 

22,777

 

 

 

8,466

 

 

 

2,363

 

 

 

79,022

 

Total

 

$

97,473

 

 

$

39,224

 

 

$

133,620

 

 

$

644,821

 

 

$

283,797

 

 

$

524,489

 

 

$

188,104

 

 

$

1,911,528

 

Total current period gross charge-offs

 

$

156

 

 

$

728

 

 

$

624

 

 

$

6,782

 

 

$

439

 

 

$

278

 

 

$

157

 

 

$

9,164

 

 

The following table presents the recorded investment of loans held for investment by internal loan risk grade by year of origination as of December 31, 2024. There were no loans classified as loss (risk grade 9) as of the same date.

 

 

Term Loans Recorded Investment Basis by Origination Year

 

 

 

 

 

 

 

(Dollars in thousands)

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

Prior

 

 

Revolving Loans

 

 

Total

 

Commercial and industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

$

13,883

 

 

$

13,559

 

 

$

64,530

 

 

$

14,600

 

 

$

17,405

 

 

$

15,760

 

 

$

98,867

 

 

$

238,604

 

Risk Grades 5 - 6

 

 

672

 

 

 

24,430

 

 

 

37,503

 

 

 

10,201

 

 

 

5,183

 

 

 

979

 

 

 

15,092

 

 

 

94,060

 

Risk Grade 7

 

 

944

 

 

 

2,248

 

 

 

5,173

 

 

 

10,462

 

 

 

562

 

 

 

1,247

 

 

 

1,521

 

 

 

22,157

 

Risk Grade 8

 

 

 

 

 

 

 

 

 

 

 

82

 

 

 

 

 

 

1

 

 

 

 

 

 

83

 

Total

 

 

15,499

 

 

 

40,237

 

 

 

107,206

 

 

 

35,345

 

 

 

23,150

 

 

 

17,987

 

 

 

115,480

 

 

 

354,904

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – construction, commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

6,219

 

 

 

6,277

 

 

 

65,560

 

 

 

7,776

 

 

 

5,405

 

 

 

4,792

 

 

 

399

 

 

 

96,428

 

Risk Grades 5 - 6

 

 

 

 

 

1,090

 

 

 

 

 

 

7,567

 

 

 

4,770

 

 

 

4,235

 

 

 

 

 

 

17,662

 

Risk Grade 7

 

 

 

 

 

116

 

 

 

 

 

 

24

 

 

 

 

 

 

261

 

 

 

 

 

 

401

 

Total

 

 

6,219

 

 

 

7,483

 

 

 

65,560

 

 

 

15,367

 

 

 

10,175

 

 

 

9,288

 

 

 

399

 

 

 

114,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – construction, residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

19,574

 

 

 

8,861

 

 

 

7,837

 

 

 

13,971

 

 

 

 

 

 

57

 

 

 

990

 

 

 

51,290

 

Risk Grades 5 - 6

 

 

193

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

193

 

Risk Grade 7

 

 

 

 

 

169

 

 

 

155

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

324

 

Total

 

 

19,767

 

 

 

9,030

 

 

 

7,992

 

 

 

13,971

 

 

 

 

 

 

57

 

 

 

990

 

 

 

51,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

4,747

 

 

 

34,698

 

 

 

245,563

 

 

 

118,435

 

 

 

142,211

 

 

 

133,856

 

 

 

21,323

 

 

 

700,833

 

Risk Grades 5 - 6

 

 

535

 

 

 

5,092

 

 

 

64,677

 

 

 

7,002

 

 

 

14,604

 

 

 

23,104

 

 

 

4,184

 

 

 

119,198

 

Risk Grade 7

 

 

1,565

 

 

 

 

 

 

9,970

 

 

 

10,380

 

 

 

2,945

 

 

 

1,355

 

 

 

25

 

 

 

26,240

 

Risk Grade 8

 

 

 

 

 

 

 

 

 

 

 

1,379

 

 

 

 

 

 

192

 

 

 

 

 

 

1,571

 

Total

 

 

6,847

 

 

 

39,790

 

 

 

320,210

 

 

 

137,196

 

 

 

159,760

 

 

 

158,507

 

 

 

25,532

 

 

 

847,842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

2,815

 

 

 

66,780

 

 

 

225,159

 

 

 

114,682

 

 

 

64,548

 

 

 

143,002

 

 

 

53,498

 

 

 

670,484

 

Risk Grades 5 - 6

 

 

853

 

 

 

 

 

 

2,303

 

 

 

1,295

 

 

 

318

 

 

 

2,378

 

 

 

95

 

 

 

7,242

 

Risk Grade 7

 

 

 

 

 

736

 

 

 

2,153

 

 

 

2,113

 

 

 

1,454

 

 

 

5,822

 

 

 

2,249

 

 

 

14,527

 

Total

 

 

3,668

 

 

 

67,516

 

 

 

229,615

 

 

 

118,090

 

 

 

66,320

 

 

 

151,202

 

 

 

55,842

 

 

 

692,253

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – farmland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

147

 

 

 

 

 

 

997

 

 

 

1,239

 

 

 

 

 

 

2,753

 

 

 

149

 

 

 

5,285

 

Risk Grades 5 - 6

 

 

 

 

 

135

 

 

 

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

235

 

Total

 

 

147

 

 

 

135

 

 

 

997

 

 

 

1,339

 

 

 

 

 

 

2,753

 

 

 

149

 

 

 

5,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

 

5,944

 

 

 

17,211

 

 

 

8,716

 

 

 

1,650

 

 

 

1,034

 

 

 

486

 

 

 

7,283

 

 

 

42,324

 

Risk Grades 5 - 6

 

 

74

 

 

 

133

 

 

 

225

 

 

 

99

 

 

 

32

 

 

 

3

 

 

 

 

 

 

566

 

Risk Grade 7

 

 

87

 

 

 

330

 

 

 

332

 

 

 

184

 

 

 

63

 

 

 

24

 

 

 

28

 

 

 

1,048

 

Total

 

 

6,105

 

 

 

17,674

 

 

 

9,273

 

 

 

1,933

 

 

 

1,129

 

 

 

513

 

 

 

7,311

 

 

 

43,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Grades 1 - 4

 

$

53,329

 

 

$

147,386

 

 

$

618,362

 

 

$

272,353

 

 

$

230,603

 

 

$

300,706

 

 

$

182,509

 

 

$

1,805,248

 

Risk Grades 5 - 6

 

 

2,327

 

 

 

30,880

 

 

 

104,708

 

 

 

26,264

 

 

 

24,907

 

 

 

30,699

 

 

 

19,371

 

 

 

239,156

 

Risk Grade 7

 

 

2,596

 

 

 

3,599

 

 

 

17,783

 

 

 

23,163

 

 

 

5,024

 

 

 

8,709

 

 

 

3,823

 

 

 

64,697

 

Risk Grade 8

 

 

 

 

 

 

 

 

 

 

 

1,461

 

 

 

 

 

 

193

 

 

 

 

 

 

1,654

 

Total

 

$

58,252

 

 

$

181,865

 

 

$

740,853

 

 

$

323,241

 

 

$

260,534

 

 

$

340,307

 

 

$

205,703

 

 

$

2,110,755

 

 

Summary of Change in the ACL by Loan Segment

The following tables present an analysis of the change in the ACL by loan segment for the periods stated.

 

 

For the three months ended September 30, 2025

 

(Dollars in thousands)

 

Commercial and industrial

 

 

Real estate – construction, commercial

 

 

Real estate – construction, residential

 

 

Real estate – commercial

 

 

Real estate – residential

 

 

Real estate – farmland

 

 

Consumer

 

 

Total

 

ACL, beginning of period

 

$

5,846

 

 

$

1,272

 

 

$

398

 

 

$

5,879

 

 

$

8,001

 

 

$

15

 

 

$

563

 

 

$

21,974

 

(Recovery of) provision for credit losses - loans

 

 

(2,594

)

 

 

(135

)

 

 

(8

)

 

 

314

 

 

 

(304

)

 

 

(1

)

 

 

928

 

 

 

(1,800

)

Charge-offs

 

 

(1,781

)

 

 

 

 

 

 

 

 

(374

)

 

 

(92

)

 

 

 

 

 

(1,035

)

 

 

(3,282

)

Recoveries

 

 

3,303

 

 

 

 

 

 

 

 

 

38

 

 

 

222

 

 

 

 

 

 

48

 

 

 

3,611

 

Net recoveries (charge-offs)

 

 

1,522

 

 

 

 

 

 

 

 

 

(336

)

 

 

130

 

 

 

 

 

 

(987

)

 

 

329

 

ACL, end of period

 

$

4,774

 

 

$

1,137

 

 

$

390

 

 

$

5,857

 

 

$

7,827

 

 

$

14

 

 

$

504

 

 

$

20,503

 

 

 

 

 

For the three months ended September 30, 2024

 

(Dollars in thousands)

 

Commercial and industrial

 

 

Real estate – construction, commercial

 

 

Real estate – construction, residential

 

 

Real estate – commercial

 

 

Real estate – residential

 

 

Real estate – farmland

 

 

Consumer

 

 

Total

 

ACL, beginning of period

 

$

6,916

 

 

$

3,188

 

 

$

737

 

 

$

10,262

 

 

$

6,240

 

 

$

18

 

 

$

675

 

 

$

28,036

 

(Recovery of) provision for credit losses - loans

 

 

(6,059

)

 

 

(45

)

 

 

(77

)

 

 

(69

)

 

 

(241

)

 

 

1

 

 

 

490

 

 

 

(6,000

)

Charge-offs

 

 

(6,001

)

 

 

 

 

 

 

 

 

(1,109

)

 

 

(30

)

 

 

 

 

 

(773

)

 

 

(7,913

)

Recoveries

 

 

11,095

 

 

 

 

 

 

 

 

 

 

 

 

60

 

 

 

 

 

 

175

 

 

 

11,330

 

Net recoveries (charge-offs)

 

 

5,094

 

 

 

 

 

 

 

 

 

(1,109

)

 

 

30

 

 

 

 

 

 

(598

)

 

 

3,417

 

ACL, end of period

 

$

5,951

 

 

$

3,143

 

 

$

660

 

 

$

9,084

 

 

$

6,029

 

 

$

19

 

 

$

567

 

 

$

25,453

 

 

 

 

For the nine months ended September 30, 2025

 

(Dollars in thousands)

 

Commercial and industrial

 

 

Real estate – construction, commercial

 

 

Real estate – construction, residential

 

 

Real estate – commercial

 

 

Real estate – residential

 

 

Real estate – farmland

 

 

Consumer

 

 

Total

 

ACL, beginning of period

 

$

5,767

 

 

$

2,057

 

 

$

540

 

 

$

5,963

 

 

$

7,933

 

 

$

18

 

 

$

745

 

 

$

23,023

 

(Recovery of) provision for credit losses - loans

 

 

(2,636

)

 

 

(920

)

 

 

(150

)

 

 

(45

)

 

 

(120

)

 

 

(4

)

 

 

1,375

 

 

 

(2,500

)

Charge-offs

 

 

(6,442

)

 

 

 

 

 

 

 

 

(437

)

 

 

(215

)

 

 

 

 

 

(2,070

)

 

 

(9,164

)

Recoveries

 

 

8,085

 

 

 

 

 

 

 

 

 

376

 

 

 

229

 

 

 

 

 

 

454

 

 

 

9,144

 

Net recoveries (charge-offs)

 

 

1,643

 

 

 

 

 

 

 

 

 

(61

)

 

 

14

 

 

 

 

 

 

(1,616

)

 

 

(20

)

ACL, end of period

 

$

4,774

 

 

$

1,137

 

 

$

390

 

 

$

5,857

 

 

$

7,827

 

 

$

14

 

 

$

504

 

 

$

20,503

 

 

 

 

 

For the nine months ended September 30, 2024

 

(Dollars in thousands)

 

Commercial and industrial

 

 

Real estate – construction, commercial

 

 

Real estate – construction, residential

 

 

Real estate – commercial

 

 

Real estate – residential

 

 

Real estate – farmland

 

 

Consumer

 

 

Total

 

ACL, beginning of period

 

$

13,787

 

 

$

4,024

 

 

$

1,094

 

 

$

9,929

 

 

$

6,286

 

 

$

15

 

 

$

758

 

 

$

35,893

 

(Recovery of) provision for credit losses - loans

 

 

(2,351

)

 

 

(881

)

 

 

(395

)

 

 

264

 

 

 

(259

)

 

 

4

 

 

 

1,218

 

 

 

(2,400

)

Charge-offs

 

 

(19,940

)

 

 

 

 

 

(39

)

 

 

(1,109

)

 

 

(74

)

 

 

 

 

 

(2,063

)

 

 

(23,225

)

Recoveries

 

 

14,455

 

 

 

 

 

 

 

 

 

 

 

 

76

 

 

 

 

 

 

654

 

 

 

15,185

 

Net charge-offs

 

 

(5,485

)

 

 

 

 

 

(39

)

 

 

(1,109

)

 

 

2

 

 

 

 

 

 

(1,409

)

 

 

(8,040

)

ACL, end of period

 

$

5,951

 

 

$

3,143

 

 

$

660

 

 

$

9,084

 

 

$

6,029

 

 

$

19

 

 

$

567

 

 

$

25,453

 

 

Summary of Amortized Cost of Collateral-Dependent Loans, Individually Evaluated for Credit Losses

The following table presents the amortized cost of collateral-dependent loans that were individually evaluated for credit losses as of the dates stated.

(Dollars in thousands)

 

September 30, 2025

 

 

December 31, 2024

 

Commercial and industrial

 

$

20,145

 

 

$

42,723

 

Real estate – construction, commercial

 

 

 

 

 

116

 

Real estate – commercial

 

 

32,879

 

 

 

26,994

 

Real estate – residential

 

 

6,214

 

 

 

9,586

 

Total collateral-dependent loans

 

$

59,238

 

 

$

79,419

 

Summary of Amortized Cost of Loans Designated as TLMs

The following table presents the amortized cost of loans designated as TLMs, categorized by loan type and type of concession granted, for the periods stated.

 

 

For the three months ended September 30,

 

 

 

2025

 

 

2024

 

(Dollars in thousands)

 

Number of Loans

 

 

Amortized Cost

 

 

% of Amortized Cost to Gross Loans by Category

 

 

Number of Loans

 

 

Amortized Cost

 

 

% of Amortized Cost to Gross Loans by Category

 

Combined - term extension and payment deferral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

$

 

 

 

(

%)

 

 

1

 

 

$

229

 

 

 

0.06

%

Total combined - term extension and payment deferral

 

 

 

 

$

 

 

 

 

 

 

1

 

 

$

229

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined - term extension, payment deferral, interest rate reduction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

$

 

 

 

(

%)

 

 

1

 

 

$

190

 

 

 

0.05

%

Total combined - term extension, payment deferral, interest rate reduction

 

 

 

 

$

 

 

 

 

 

 

1

 

 

$

190

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term extension

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

$

 

 

 

(

%)

 

 

2

 

 

$

560

 

 

 

0.15

%

Real estate – commercial

 

 

3

 

 

 

472

 

 

 

0.06

%

 

 

 

 

 

 

 

 

(

%)

Real estate – residential

 

 

1

 

 

 

51

 

 

 

0.01

%

 

 

1

 

 

 

72

 

 

 

0.01

%

Total term extension

 

 

4

 

 

$

523

 

 

 

 

 

 

3

 

 

$

632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payment deferral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

 

 

$

 

 

 

(

%)

 

 

1

 

 

$

504

 

 

 

0.07

%

Consumer loans

 

 

 

 

 

 

 

 

(

%)

 

 

 

 

 

 

 

 

(

%)

Total payment deferral

 

 

 

 

$

 

 

 

 

 

 

1

 

 

$

504

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

4

 

 

$

523

 

 

 

 

 

 

6

 

 

$

1,555

 

 

 

 

 

 

 

For the nine months ended September 30,

 

 

 

2025

 

 

2024

 

(Dollars in thousands)

 

Number of Loans

 

 

Amortized Cost

 

 

% of Amortized Cost to Gross Loans by Category

 

 

Number of Loans

 

 

Amortized Cost

 

 

% of Amortized Cost to Gross Loans by Category

 

Combined - term extension and payment deferral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

$

 

 

 

(

%)

 

 

1

 

 

$

229

 

 

 

0.06

%

Total combined - term extension and payment deferral

 

 

 

 

$

 

 

 

 

 

 

1

 

 

$

229

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined - term extension, payment deferral, interest rate reduction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

$

 

 

 

(

%)

 

 

2

 

 

$

409

 

 

 

0.11

%

Total combined - term extension, payment deferral, interest rate reduction

 

 

 

 

$

 

 

 

 

 

 

2

 

 

$

409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest forgiven

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

1

 

 

$

139

 

 

 

0.02

%

 

 

 

 

$

 

 

 

(

%)

Total interest forgiven

 

 

1

 

 

$

139

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term extension

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

1

 

 

$

1,940

 

 

 

(

%)

 

 

2

 

 

$

560

 

 

 

0.15

%

Real estate – commercial

 

 

3

 

 

 

472

 

 

 

0.06

%

 

 

1

 

 

 

38

 

 

 

(

%)

Real estate – residential

 

 

1

 

 

 

51

 

 

 

0.01

%

 

 

1

 

 

 

72

 

 

 

0.01

%

Total term extension

 

 

5

 

 

$

2,463

 

 

 

 

 

 

4

 

 

$

670

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payment deferral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

 

$

 

 

 

(

%)

 

 

1

 

 

$

161

 

 

 

0.04

%

Real estate – residential

 

 

 

 

 

 

 

 

(

%)

 

 

1

 

 

 

504

 

 

 

0.07

%

Total payment deferral

 

 

 

 

$

 

 

 

 

 

 

2

 

 

$

665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

6

 

 

$

2,602

 

 

 

 

 

 

9

 

 

$

1,973

 

 

 

 

The following table presents the amortized cost of loans designated as TLMs that were modified in the preceding twelve months and had a payment default during the periods stated.

 

 

As of and for the nine months ended September 30,

 

 

 

2025

 

 

2024

 

(Dollars in thousands)

 

Number of Loans

 

 

Amortized Cost

 

 

% of Amortized Cost to Gross Loans by Category

 

 

Number of Loans

 

 

Amortized Cost

 

 

% of Amortized Cost to Gross Loans by Category

 

Interest forgiveness

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

1

 

 

$

139

 

 

 

0.02

%

 

 

 

 

$

 

 

 

0.00

%

Total interest forgiveness

 

1

 

 

$

139

 

 

 

 

 

 

 

 

$

 

 

 

 

Total

 

 

1

 

 

$

139

 

 

 

 

 

 

 

 

$

 

 

 

 

Summary of financial effects of TLMs

The following tables present additional information including the financial effects of TLMs as of and for the periods stated.

 

 

As of and for the three months ended September 30, 2025

 

(Dollars in thousands)

 

Weighted Average Term Extension (Months)

 

 

Weighted Average Interest Rate Reduction

 

 

Weighted Average Payment Deferral

 

 

Weighted Average Interest Forgiven

 

Commercial and industrial

 

 

20

 

 

 

 

 

$

 

 

$

 

Real estate – commercial

 

 

13

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the three months ended September 30, 2024

 

(Dollars in thousands)

 

Weighted Average Term Extension (Months)

 

 

Weighted Average Interest Rate Reduction

 

 

Weighted Average Payment Deferral

 

 

Weighted Average Interest Forgiven

 

Commercial and industrial

 

 

76

 

 

 

12.24

%

 

$

6

 

 

$

 

Real estate – residential

 

 

84

 

 

 

 

 

 

162

 

 

 

 

Consumer loans

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

As of and for the nine months ended September 30, 2025

 

(Dollars in thousands)

 

Weighted Average Term Extension (Months)

 

 

Weighted Average Interest Rate Reduction

 

 

Weighted Average Payment Deferral

 

 

Weighted Average Interest Forgiven

 

Commercial and industrial

 

 

20

 

 

 

 

 

$

 

 

$

 

Real estate – commercial

 

 

13

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

15

 

 

 

 

 

 

 

 

 

45

 

 

 

 

As of and for the nine months ended September 30, 2024

 

(Dollars in thousands)

 

Weighted Average Term Extension (Months)

 

 

Weighted Average Interest Rate Reduction

 

 

Weighted Average Payment Deferral

 

 

Weighted Average Interest Forgiven

 

Commercial and industrial

 

 

65

 

 

 

11.28

%

 

$

10

 

 

$

 

Real estate – commercial

 

 

84

 

 

 

 

 

 

 

 

 

 

Real estate – residential

 

 

84

 

 

 

 

 

 

162

 

 

 

 

Consumer loans

 

 

 

 

 

 

 

 

1

 

 

 

 

Summary of Aging Analysis of Amortized Cost of Loans Designated as TLMs

The following tables present an aging analysis of the amortized cost of loans designated as TLMs as of the dates stated.

 

 

September 30, 2025

 

(Dollars in thousands)

 

Current
Loans

 

 

30-89
Days
Past Due

 

 

Greater than
90 Days Past
Due &
Accruing

 

 

Nonaccrual

 

 

Total

 

Commercial and industrial

 

$

939

 

 

$

 

 

$

 

 

$

4,279

 

 

$

5,218

 

Real estate – construction, residential

 

 

 

 

 

154

 

 

 

 

 

 

 

 

 

154

 

Real estate – commercial

 

 

506

 

 

 

 

 

 

 

 

 

2,999

 

 

 

3,505

 

Real estate – residential

 

 

238

 

 

 

 

 

 

 

 

 

630

 

 

 

868

 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

6

 

Total modified loans

 

$

1,683

 

 

$

154

 

 

$

 

 

$

7,914

 

 

$

9,751

 

 

 

 

December 31, 2024

 

(Dollars in thousands)

 

Current
Loans

 

 

30-89
Days
Past Due

 

 

Greater than
90 Days Past
Due &
Accruing

 

 

Nonaccrual

 

 

Total

 

Commercial and industrial

 

$

554

 

 

$

 

 

$

 

 

$

2,745

 

 

$

3,299

 

Real estate – construction, residential

 

 

155

 

 

 

 

 

 

 

 

 

 

 

 

155

 

Real estate – commercial

 

 

37

 

 

 

 

 

 

 

 

 

2,999

 

 

 

3,036

 

Real estate – residential

 

 

194

 

 

 

 

 

 

 

 

 

500

 

 

 

694

 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

10

 

 

 

10

 

Total modified loans

 

$

940

 

 

$

 

 

$

 

 

$

6,254

 

 

$

7,194