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Loans (Tables) | 6 Months Ended
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Jun. 30, 2026
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Loan balances as of June 30, 2026 and December 31, 2025 are summarized in the table below. Categories of loans include:
(amounts in thousands) |  | June 30, 2026 |  | December 31, 2025
Commercial loans |  |  |  |
Commercial and industrial |  | $ | 212,675 |  |  | $ | 221,714 |
Owner-occupied commercial real estate |  | 51,749 |  |  | 48,575 |
Investor commercial real estate |  | 669,970 |  |  | 647,394 |
Construction |  | 427,076 |  |  | 372,668 |
Single tenant lease financing |  | 288,720 |  |  | 222,925 |
Public finance |  | 445,507 |  |  | 442,234 |
Healthcare finance |  | 121,287 |  |  | 139,469 |
Small business lending 1 |  | 435,686 |  |  | 430,024 |
Franchise finance |  | 357,182 |  |  | 417,045 |
Total commercial loans |  | 3,009,852 |  |  | 2,942,048 |
Consumer loans |  |  |  |
Residential mortgage |  | 326,258 |  |  | 343,110 |
Home equity |  | 14,102 |  |  | 14,725 |
Other consumer loans |  | 441,788 |  |  | 425,458 |
Total consumer loans |  | 782,148 |  |  | 783,293 |
Total commercial and consumer loans |  | 3,792,000 |  |  | 3,725,341 |
Net deferred loan origination costs, premiums and discounts on purchased loans, and other 2 |  | 19,073 |  |  | 21,387 |
Total loans |  | 3,811,073 |  |  | 3,746,728 |
Allowance for credit losses |  | (53,096) |  |  | (55,686) |
Net loans |  | $ | 3,757,977 |  |  | $ | 3,691,042 |
1 Balances include $59.8 million and $52.2 million that are guaranteed by the U.S. government as of June 30, 2026 and December 31, 2025, respectively. 2 Includes carrying value adjustment of $17.3 million and $19.1 million related to terminated interest rate swaps associated with public finance loans as of June 30, 2026 and December 31, 2025, respectively.
Allowance for Credit Losses on Financing Receivables | The following tables present changes in the balance of the ACL during the three and six months ended June 30, 2026 and 2025.
(amounts in thousands) | Three Months Ended June 30, 2026
Allowance for credit losses: | Balance, Beginning of Period |  |  |  | Provision (Credit) Charged to Expense |  | Charge-Offs |  | Recoveries |  | Balance, End of Period
Commercial and industrial | $ | 1,903 |  |  |  |  | $ | 197 |  |  | $ | (245) |  |  | $ | 5 |  |  | $ | 1,860 |
Owner-occupied commercial real estate | 256 |  |  |  |  | 27 |  |  | — |  |  | — |  |  | 283 |
Investor commercial real estate | 2,382 |  |  |  |  | (22) |  |  | — |  |  | — |  |  | 2,360 |
Construction | 2,736 |  |  |  |  | 5 |  |  | — |  |  | — |  |  | 2,741 |
Single tenant lease financing | 1,007 |  |  |  |  | 45 |  |  | — |  |  | — |  |  | 1,052 |
Public finance | 394 |  |  |  |  | (10) |  |  | — |  |  | — |  |  | 384 |
Healthcare finance | 368 |  |  |  |  | (44) |  |  | — |  |  | — |  |  | 324 |
Small business lending | 25,875 |  |  |  |  | 4,061 |  |  | (5,037) |  |  | 236 |  |  | 25,135 |
Franchise finance | 16,558 |  |  |  |  | 9,058 |  |  | (11,706) |  |  | 145 |  |  | 14,055 |
Residential mortgage | 2,169 |  |  |  |  | (184) |  |  | (2) |  |  | 2 |  |  | 1,985 |
Home equity | 35 |  |  |  |  | (4) |  |  | — |  |  | 1 |  |  | 32 |
Other consumer loans | 2,813 |  |  |  |  | 379 |  |  | (338) |  |  | 31 |  |  | 2,885 |
Total | $ | 56,496 |  |  |  |  | $ | 13,508 |  |  | $ | (17,328) |  |  | $ | 420 |  |  | $ | 53,096 |
(amounts in thousands) | Six Months Ended June 30, 2026
Allowance for credit losses: | Balance, Beginning of Period |  |  |  | (Credit) Provision Charged to Expense |  | Losses Charged Off |  | Recoveries |  | Balance, End of Period
Commercial and industrial | $ | 1,942 |  |  |  |  | $ | 349 |  |  | $ | (447) |  |  | $ | 16 |  |  | $ | 1,860 |
Owner-occupied commercial real estate | 264 |  |  |  |  | 19 |  |  | — |  |  | — |  |  | 283 |
Investor commercial real estate | 2,255 |  |  |  |  | 105 |  |  | — |  |  | — |  |  | 2,360 |
Construction | 2,446 |  |  |  |  | 295 |  |  | — |  |  | — |  |  | 2,741 |
Single tenant lease financing | 816 |  |  |  |  | 236 |  |  | — |  |  | — |  |  | 1,052 |
Public finance | 411 |  |  |  |  | (27) |  |  | — |  |  | — |  |  | 384 |
Healthcare finance | 605 |  |  |  |  | (243) |  |  | (38) |  |  | — |  |  | 324 |
Small business lending | 27,796 |  |  |  |  | 11,180 |  |  | (14,437) |  |  | 596 |  |  | 25,135 |
Franchise finance | 14,028 |  |  |  |  | 17,571 |  |  | (17,753) |  |  | 209 |  |  | 14,055 |
Residential mortgage | 2,142 |  |  |  |  | (77) |  |  | (82) |  |  | 2 |  |  | 1,985 |
Home equity | 38 |  |  |  |  | (8) |  |  | — |  |  | 2 |  |  | 32 |
Other consumer loans | 2,943 |  |  |  |  | 714 |  |  | (911) |  |  | 139 |  |  | 2,885 |
Total | $ | 55,686 |  |  |  |  | $ | 30,114 |  |  | $ | (33,668) |  |  | $ | 964 |  |  | $ | 53,096 |
(amounts in thousands) | Three Months Ended June 30, 2025
Allowance for credit losses: | Balance, Beginning of Period |  | Provision (Credit) Charged to Expense |  | Charge-Offs |  | Recoveries |  | Balance, End of Period
Commercial and industrial | $ | 1,360 |  |  | $ | 545 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 1,907 |
Owner-occupied commercial real estate | 470 |  |  | 2 |  |  | — |  |  | — |  |  | 472 |
Investor commercial real estate | 859 |  |  | 750 |  |  | — |  |  | — |  |  | 1,609 |
Construction | 2,167 |  |  | (396) |  |  | — |  |  | — |  |  | 1,771 |
Single tenant lease financing | 4,313 |  |  | 133 |  |  | — |  |  | — |  |  | 4,446 |
Public finance | 529 |  |  | (7) |  |  | — |  |  | — |  |  | 522 |
Healthcare finance | 1,310 |  |  | (111) |  |  | — |  |  | — |  |  | 1,199 |
Small business lending | 17,555 |  |  | 7,978 |  |  | (11,851) |  |  | 40 |  |  | 13,722 |
Franchise finance | 11,200 |  |  | 4,102 |  |  | (2,238) |  |  | 18 |  |  | 13,082 |
Residential mortgage | 1,890 |  |  | 32 |  |  | — |  |  | 1 |  |  | 1,923 |
Home equity | 96 |  |  | (5) |  |  | — |  |  | 1 |  |  | 92 |
Other consumer loans | 5,489 |  |  | 573 |  |  | (359) |  |  | 69 |  |  | 5,772 |
Total | $ | 47,238 |  |  | $ | 13,596 |  |  | $ | (14,448) |  |  | $ | 131 |  |  | $ | 46,517 |
(amounts in thousands) | Six Months Ended June 30, 2025
Allowance for loan losses: | Balance, Beginning of Period |  | (Credit) Provision Charged to Expense |  | Losses Charged Off |  | Recoveries |  | Balance, End of Period
Commercial and industrial | $ | 1,265 |  |  | $ | 638 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 1,907 |
Owner-occupied commercial real estate | 528 |  |  | (56) |  |  | — |  |  | — |  |  | 472 |
Investor commercial real estate | 1,149 |  |  | 460 |  |  | — |  |  | — |  |  | 1,609 |
Construction | 1,984 |  |  | (213) |  |  | — |  |  | — |  |  | 1,771 |
Single tenant lease financing | 4,782 |  |  | (336) |  |  | — |  |  | — |  |  | 4,446 |
Public finance | 703 |  |  | (181) |  |  | — |  |  | — |  |  | 522 |
Healthcare finance | 1,412 |  |  | (213) |  |  | — |  |  | — |  |  | 1,199 |
Small business lending | 16,161 |  |  | 12,908 |  |  | (15,520) |  |  | 173 |  |  | 13,722 |
Franchise finance | 8,976 |  |  | 12,174 |  |  | (8,086) |  |  | 18 |  |  | 13,082 |
Residential mortgage | 2,136 |  |  | (209) |  |  | (11) |  |  | 7 |  |  | 1,923 |
Home equity | 106 |  |  | (17) |  |  | — |  |  | 3 |  |  | 92 |
Other consumer loans | 5,567 |  |  | 762 |  |  | (672) |  |  | 115 |  |  | 5,772 |
Total | $ | 44,769 |  |  | $ | 25,717 |  |  | $ | (24,289) |  |  | $ | 320 |  |  | $ | 46,517 |
The following tables present the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses as of June 30, 2026 and December 31, 2025.
|  | June 30, 2026
(amounts in thousands) |  | Commercial Real Estate |  | Residential Real Estate |  | Other (Includes Equipment, Machinery and Other Assets) |  | Total |  | Allowance on Collateral Dependent Loans
Small business lending 1 |  | $ | 9,807 |  |  | $ | — |  |  | $ | 6,537 |  |  | $ | 16,344 |  |  | $ | 332 |
Residential mortgage |  | — |  |  | 5,501 |  |  | — |  |  | 5,501 |  |  | — |
Other consumer loans |  | — |  |  | 34 |  |  | 175 |  |  | 209 |  |  | — |
Total loans |  | $ | 9,807 |  |  | $ | 5,535 |  |  | $ | 6,712 |  |  | $ | 22,054 |  |  | $ | 332 |
1 Balance includes $11.8 million of loans guaranteed by the U.S. government.
|  | December 31, 2025
(amounts in thousands) |  | Commercial Real Estate |  | Residential Real Estate |  | Other (Includes Equipment, Machinery and Other Assets) |  | Total |  | Allowance on Collateral Dependent Loans
Owner-occupied commercial real estate |  | $ | 1,654 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,654 |  |  | $ | — |
Small business lending 1 |  | 6,732 |  |  | — |  |  | 7,681 |  |  | 14,413 |  |  | 411 |
Residential mortgage |  | — |  |  | 4,893 |  |  | — |  |  | 4,893 |  |  | — |
Other consumer loans |  | — |  |  | — |  |  | 234 |  |  | 234 |  |  | — |
Total loans |  | $ | 8,386 |  |  | $ | 4,893 |  |  | $ | 7,915 |  |  | $ | 21,194 |  |  | $ | 411 |
1 Balance includes $8.5 million of loans guaranteed by the U.S. government.
Financing Receivables, Provision For Credit Losses On Off-Balance Sheet Commitments | The following tables detail activity in the (benefit) provision for credit losses on off-balance sheet commitments for the three and six months ended June 30, 2026.
(amounts in thousands) |  | Balance March 31, 2026 |  |  |  | (Benefit) Provision for Credit Losses |  | Balance June 30, 2026
Off-balance sheet commitments |  |  |  |  |  |  |  |
Commercial loans |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 186 |  |  |  |  | $ | 5 |  |  | $ | 191 |
Investor commercial real estate |  | 56 |  |  |  |  | (10) |  |  | 46 |
Construction |  | 1,975 |  |  |  |  | (53) |  |  | 1,922 |
Single tenant lease financing |  | 3 |  |  |  |  | (1) |  |  | 2 |
Small business lending |  | 70 |  |  |  |  | (17) |  |  | 53 |
Total commercial loans |  | 2,290 |  |  |  |  | (76) |  |  | 2,214 |
Total allowance for off-balance sheet commitments |  | $ | 2,290 |  |  |  |  | $ | (76) |  |  | $ | 2,214 |
(amounts in thousands) |  | Balance December 31, 2025 |  |  |  | (Benefit) Provision for Credit Losses |  | Balance June 30, 2026
Off-balance sheet commitments |  |  |  |  |  |  |  |
Commercial loans |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 177 |  |  |  |  | $ | 14 |  |  | $ | 191 |
Investor commercial real estate |  | 36 |  |  |  |  | 10 |  |  | 46 |
Construction |  | 2,259 |  |  |  |  | (337) |  |  | 1,922 |
Single tenant lease financing |  | 1 |  |  |  |  | 1 |  |  | 2 |
Small business lending |  | 112 |  |  |  |  | (59) |  |  | 53 |
Total commercial loans |  | 2,585 |  |  |  |  | (371) |  |  | 2,214 |
Total allowance for off-balance sheet commitments |  | $ | 2,585 |  |  |  |  | $ | (371) |  |  | $ | 2,214 |
The following table details activity in the provision (benefit) for credit losses on off-balance sheet commitments for the three and six months ended June 30, 2025.
(amounts in thousands) |  | Balance March 31, 2025 |  | Provision (Benefit) for Credit Losses |  | Balance June 30, 2025 |
Off-balance sheet commitments |  |  |  |  |  |  |
Commercial loans |  |  |  |  |  |  |
Commercial and industrial |  | $ | 170 |  |  | $ | 29 |  |  | $ | 199 |  |
Investor commercial real estate |  | 1 |  |  | 32 |  |  | 33 |  |
Construction |  | 1,474 |  |  | 283 |  |  | 1,757 |  |
Single tenant lease financing |  | 12 |  |  | (7) |  |  | 5 |  |
Small business lending |  | 274 |  |  | (273) |  |  | 1 |  |
Total commercial loans |  | 1,931 |  |  | 64 |  |  | 1,995 |  |
Consumer loans |  |  |  |  |  |  |
Residential mortgage |  | 1 |  |  | — |  |  | 1 |  |
Home equity |  | 32 |  |  | (32) |  |  | — |  |
Other consumer loans |  | 8 |  |  | (8) |  |  | — |  |
Total consumer loans |  | 41 |  |  | (40) |  |  | 1 |  |
Total allowance for off-balance sheet commitments |  | $ | 1,972 |  |  | $ | 24 |  |  | $ | 1,996 |  |
(amounts in thousands) |  | Balance December 31, 2024 |  | (Benefit) Provision for Credit Losses |  | Balance June 30, 2025
Off-balance sheet commitments |  |  |  |  |  |
Commercial loans |  |  |  |  |  |
Commercial and industrial |  | $ | 233 |  |  | $ | (34) |  |  | $ | 199 |
Owner-occupied commercial real estate |  | 11 |  |  | (11) |  |  | — |
Investor commercial real estate |  | 1 |  |  | 32 |  |  | 33 |
Construction |  | 1,568 |  |  | 189 |  |  | 1,757 |
Single tenant lease financing |  | 19 |  |  | (14) |  |  | 5 |
Small business lending |  | 263 |  |  | (262) |  |  | 1 |
Total commercial loans |  | 2,095 |  |  | (100) |  |  | 1,995 |
Consumer loans |  |  |  |  |  |
Residential mortgage |  | 1 |  |  | — |  |  | 1 |
Home equity |  | 35 |  |  | (35) |  |  | — |
Other consumer loans |  | $ | 9 |  |  | $ | (9) |  |  | $ | — |
Total consumer loans |  | 45 |  |  | (44) |  |  | 1 |
Total allowance for off-balance sheet commitments |  | $ | 2,140 |  |  | $ | (144) |  |  | $ | 1,996 |
Financing Receivable Credit Quality Indicators | The following tables present the credit risk profile of the Company’s commercial and consumer loan portfolios by loan class and by year of origination for the years indicated based on rating category and payment activity as of June 30, 2026 and December 31, 2025.
| June 30, 2026
| Term Loans (amortized cost basis by origination year) |  | Revolving loans amortized cost basis | Revolving loans converted to term |  |
(amounts in thousands) | 2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  | Total
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 36,689 |  |  | $ | 79,166 |  |  | $ | 14,249 |  |  | $ | 5,175 |  |  | $ | 7,019 |  |  | $ | 14,351 |  |  | $ | 38,385 |  | $ | — |  |  | $ | 195,034 |
Special Mention | 55 |  |  | 1,130 |  |  | 531 |  |  | — |  |  | 579 |  |  | 4,222 |  |  | 10,907 |  | — |  |  | 17,424 |
Substandard | — |  |  | 61 |  |  | 32 |  |  | 124 |  |  | — |  |  | — |  |  | — |  | — |  |  | 217 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total commercial and industrial | 36,744 |  |  | 80,357 |  |  | 14,812 |  |  | 5,299 |  |  | 7,598 |  |  | 18,573 |  |  | 49,292 |  | — |  |  | 212,675 |
Year-to-date gross charge-offs | 39 |  |  | 378 |  |  | 30 |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | 447 |
Owner-occupied commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 7,099 |  |  | 4,069 |  |  | 6,069 |  |  | 1,401 |  |  | 5,076 |  |  | 17,826 |  |  | — |  | — |  |  | 41,540 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,572 |  |  | — |  | — |  |  | 8,572 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,637 |  |  | — |  | — |  |  | 1,637 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total owner-occupied commercial real estate | 7,099 |  |  | 4,069 |  |  | 6,069 |  |  | 1,401 |  |  | 5,076 |  |  | 28,035 |  |  | — |  | — |  |  | 51,749 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Investor commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 40,739 |  |  | 61,405 |  |  | 28,629 |  |  | 209,580 |  |  | 147,076 |  |  | 85,659 |  |  | — |  | — |  |  | 573,088 |
Special Mention | — |  |  | — |  |  | — |  |  | 64,757 |  |  | 28,394 |  |  | 3,731 |  |  | — |  | — |  |  | 96,882 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total investor commercial real estate | 40,739 |  |  | 61,405 |  |  | 28,629 |  |  | 274,337 |  |  | 175,470 |  |  | 89,390 |  |  | — |  | — |  |  | 669,970 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 33,970 |  |  | 115,393 |  |  | 184,217 |  |  | 67,059 |  |  | 23,393 |  |  | 1,652 |  |  | 1,392 |  | — |  |  | 427,076 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total construction | 33,970 |  |  | 115,393 |  |  | 184,217 |  |  | 67,059 |  |  | 23,393 |  |  | 1,652 |  |  | 1,392 |  | — |  |  | 427,076 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Single tenant lease financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 85,180 |  |  | 143,834 |  |  | 1,647 |  |  | 999 |  |  | 10,255 |  |  | 23,039 |  |  | — |  | — |  |  | 264,954 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | 18,451 |  |  | 5,315 |  |  | — |  | — |  |  | 23,766 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total single tenant lease financing | 85,180 |  |  | 143,834 |  |  | 1,647 |  |  | 999 |  |  | 28,706 |  |  | 28,354 |  |  | — |  | — |  |  | 288,720 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Public finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 32,803 |  |  | 37,836 |  |  | 7,214 |  |  | — |  |  | 5,106 |  |  | 361,593 |  |  | — |  | — |  |  | 444,552 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 955 |  |  | — |  | — |  |  | 955 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total public finance | 32,803 |  |  | 37,836 |  |  | 7,214 |  |  | — |  |  | 5,106 |  |  | 362,548 |  |  | — |  | — |  |  | 445,507 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
| June 30, 2026
| Term Loans (amortized cost basis by origination year) |  | Revolving loans amortized cost basis | Revolving loans converted to term |  |
(amounts in thousands) | 2026 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | Prior |  |  | Total
Healthcare finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 257 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 120,170 |  |  | — |  | — |  |  | 120,427 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 860 |  |  | — |  | — |  |  | 860 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total healthcare finance | 257 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 121,030 |  |  | — |  | — |  |  | 121,287 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 38 |  |  | — |  | — |  |  | 38 |
Small business lending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 31,486 |  |  | 141,774 |  |  | 90,694 |  |  | 51,424 |  |  | 18,902 |  |  | 16,452 |  |  | 31,218 |  | — |  |  | 381,950 |
Special Mention | — |  |  | 627 |  |  | 4,658 |  |  | 5,106 |  |  | 645 |  |  | 1,228 |  |  | 2,232 |  | — |  |  | 14,496 |
Substandard | — |  |  | 7,940 |  |  | 8,641 |  |  | 13,328 |  |  | 1,482 |  |  | 1,209 |  |  | 6,640 |  | — |  |  | 39,240 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total small business lending | 31,486 |  |  | 150,341 |  |  | 103,993 |  |  | 69,858 |  |  | 21,029 |  |  | 18,889 |  |  | 40,090 |  | — |  |  | 435,686 |
Year-to-date gross charge-offs | — |  |  | 4,345 |  |  | 5,749 |  |  | 4,080 |  |  | 6 |  |  | 257 |  |  | — |  | — |  |  | 14,437 |
Franchise finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | — |  |  | 671 |  |  | 51,975 |  |  | 141,748 |  |  | 96,799 |  |  | 18,581 |  |  | — |  | — |  |  | 309,774 |
Special Mention | 96 |  |  | 486 |  |  | 1,165 |  |  | 3,273 |  |  | 11,351 |  |  | — |  |  | — |  | — |  |  | 16,371 |
Substandard | — |  |  | — |  |  | — |  |  | 15,861 |  |  | 8,611 |  |  | 5,165 |  |  | — |  | — |  |  | 29,637 |
Doubtful | — |  |  | — |  |  | — |  |  | 800 |  |  | 600 |  |  | — |  |  | — |  | — |  |  | 1,400 |
Total franchise finance | 96 |  |  | 1,157 |  |  | 53,140 |  |  | 161,682 |  |  | 117,361 |  |  | 23,746 |  |  | — |  | — |  |  | 357,182 |
Year-to-date gross charge-offs | — |  |  | — |  |  | 1,281 |  |  | 4,555 |  |  | 3,789 |  |  | 8,128 |  |  | — |  | — |  |  | 17,753 |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | — |  |  | 4,688 |  |  | 6,163 |  |  | 10,763 |  |  | 153,905 |  |  | 145,237 |  |  | — |  | — |  |  | 320,756 |
Nonperforming | — |  |  | — |  |  | — |  |  | — |  |  | 3,275 |  |  | 2,227 |  |  | — |  | — |  |  | 5,502 |
Total residential mortgage | — |  |  | 4,688 |  |  | 6,163 |  |  | 10,763 |  |  | 157,180 |  |  | 147,464 |  |  | — |  | — |  |  | 326,258 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | 78 |  |  | 4 |  |  | — |  | — |  |  | 82 |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | — |  |  | — |  |  | — |  |  | 538 |  |  | 763 |  |  | 756 |  |  | 11,498 |  | 547 |  |  | 14,102 |
Nonperforming | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total home equity | — |  |  | — |  |  | — |  |  | 538 |  |  | 763 |  |  | 756 |  |  | 11,498 |  | 547 |  |  | 14,102 |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | 62,540 |  |  | 91,843 |  |  | 76,315 |  |  | 68,202 |  |  | 65,190 |  |  | 76,759 |  |  | 730 |  | — |  |  | 441,579 |
Nonperforming | — |  |  | — |  |  | 122 |  |  | — |  |  | 34 |  |  | 53 |  |  | — |  | — |  |  | 209 |
Total other consumer loans | 62,540 |  |  | 91,843 |  |  | 76,437 |  |  | 68,202 |  |  | 65,224 |  |  | 76,812 |  |  | 730 |  | — |  |  | 441,788 |
Year-to-date gross charge-offs | 23 |  |  | 79 |  |  | 129 |  |  | 333 |  |  | 108 |  |  | 239 |  |  | — |  | — |  |  | 911 |
Total Loans | $ | 330,914 |  |  | $ | 690,923 |  |  | $ | 482,321 |  |  | $ | 660,138 |  |  | $ | 606,906 |  |  | $ | 917,249 |  |  | $ | 103,002 |  | $ | 547 |  |  | $ | 3,792,000 |
Total year-to-date gross charge-offs | $ | 62 |  |  | $ | 4,802 |  |  | $ | 7,189 |  |  | $ | 8,968 |  |  | $ | 3,981 |  |  | $ | 8,666 |  |  | $ | — |  | $ | — |  |  | $ | 33,668 |
| December 31, 2025 |
| Term Loans (amortized cost basis by origination year) |  | Revolving loans amortized cost basis | Revolving loans converted to term |  |  |
(amounts in thousands) | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  | Total |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 91,592 |  |  | $ | 18,608 |  |  | $ | 6,984 |  |  | $ | 10,450 |  |  | $ | 530 |  |  | $ | 14,152 |  |  | $ | 60,071 |  | $ | — |  |  | $ | 202,387 |  |
Special Mention | 177 |  |  | 256 |  |  | — |  |  | 4,746 |  |  | 4,237 |  |  | — |  |  | 9,671 |  | — |  |  | 19,087 |  |
Substandard | 64 |  |  | 38 |  |  | 138 |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | 240 |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total commercial and industrial | 91,833 |  |  | 18,902 |  |  | 7,122 |  |  | 15,196 |  |  | 4,767 |  |  | 14,152 |  |  | 69,742 |  | — |  |  | 221,714 |  |
Year-to-date gross charge-offs | 94 |  |  | 59 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | 153 |  |
Owner-occupied commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 4,159 |  |  | 6,202 |  |  | 1,421 |  |  | 5,174 |  |  | 4,155 |  |  | 15,966 |  |  | — |  | — |  |  | 37,077 |  |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | 852 |  |  | 8,991 |  |  | — |  | — |  |  | 9,843 |  |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,655 |  |  | — |  | — |  |  | 1,655 |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total owner-occupied commercial real estate | 4,159 |  |  | 6,202 |  |  | 1,421 |  |  | 5,174 |  |  | 5,007 |  |  | 26,612 |  |  | — |  | — |  |  | 48,575 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Investor commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 61,333 |  |  | 80,798 |  |  | 195,528 |  |  | 179,155 |  |  | 91,708 |  |  | 35,141 |  |  | — |  | — |  |  | 643,663 |  |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,731 |  |  | — |  | — |  |  | 3,731 |  |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total investor commercial real estate | 61,333 |  |  | 80,798 |  |  | 195,528 |  |  | 179,155 |  |  | 91,708 |  |  | 38,872 |  |  | — |  | — |  |  | 647,394 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 65,190 |  |  | 147,941 |  |  | 132,835 |  |  | 23,114 |  |  | — |  |  | 2,042 |  |  | 1,546 |  | — |  |  | 372,668 |  |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total construction | 65,190 |  |  | 147,941 |  |  | 132,835 |  |  | 23,114 |  |  | — |  |  | 2,042 |  |  | 1,546 |  | — |  |  | 372,668 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Single tenant lease financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 144,764 |  |  | 1,370 |  |  | 1,007 |  |  | 10,377 |  |  | 2,021 |  |  | 29,524 |  |  | — |  | — |  |  | 189,063 |  |
Special Mention | — |  |  | — |  |  | — |  |  | 18,628 |  |  | 4,168 |  |  | 9,401 |  |  | — |  | — |  |  | 32,197 |  |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,665 |  |  | — |  | — |  |  | 1,665 |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total single tenant lease financing | 144,764 |  |  | 1,370 |  |  | 1,007 |  |  | 29,005 |  |  | 6,189 |  |  | 40,590 |  |  | — |  | — |  |  | 222,925 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Public finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 44,077 |  |  | 11,119 |  |  | — |  |  | 5,301 |  |  | 10,385 |  |  | 369,442 |  |  | — |  | — |  |  | 440,324 |  |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,910 |  |  | — |  | — |  |  | 1,910 |  |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total public finance | 44,077 |  |  | 11,119 |  |  | — |  |  | 5,301 |  |  | 10,385 |  |  | 371,352 |  |  | — |  | — |  |  | 442,234 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
| December 31, 2025 |
| Term Loans (amortized cost basis by origination year) |  | Revolving loans amortized cost basis | Revolving loans converted to term |  |  |
(amounts in thousands) | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  | Total |
Healthcare finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | — |  |  | — |  |  | — |  |  | — |  |  | 7,317 |  |  | 128,623 |  |  | — |  | — |  |  | 135,940 |  |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 933 |  |  | — |  | — |  |  | 933 |  |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,596 |  |  | — |  | — |  |  | 2,596 |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total healthcare finance | — |  |  | — |  |  | — |  |  | — |  |  | 7,317 |  |  | 132,152 |  |  | — |  | — |  |  | 139,469 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Small business lending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 152,566 |  |  | 103,270 |  |  | 62,754 |  |  | 21,651 |  |  | 7,851 |  |  | 13,779 |  |  | 27,048 |  | — |  |  | 388,919 |  |
Special Mention | — |  |  | 7,519 |  |  | 5,276 |  |  | 514 |  |  | — |  |  | 1,475 |  |  | 1,953 |  | — |  |  | 16,737 |  |
Substandard | — |  |  | 5,838 |  |  | 11,637 |  |  | 1,315 |  |  | 270 |  |  | 1,416 |  |  | 3,892 |  | — |  |  | 24,368 |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total small business lending | 152,566 |  |  | 116,627 |  |  | 79,667 |  |  | 23,480 |  |  | 8,121 |  |  | 16,670 |  |  | 32,893 |  | — |  |  | 430,024 |  |
Year-to-date gross charge-offs | 400 |  |  | 16,668 |  |  | 17,755 |  |  | 2,821 |  |  | 1,087 |  |  | 919 |  |  | — |  | — |  |  | 39,650 |  |
Franchise finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 718 |  |  | 56,732 |  |  | 172,080 |  |  | 120,012 |  |  | 29,064 |  |  | — |  |  | — |  | — |  |  | 378,606 |  |
Special Mention | 510 |  |  | 628 |  |  | 3,351 |  |  | 6,972 |  |  | — |  |  | — |  |  | — |  | — |  |  | 11,461 |  |
Substandard | — |  |  | 1,281 |  |  | 6,831 |  |  | 10,877 |  |  | 7,989 |  |  | — |  |  | — |  | — |  |  | 26,978 |  |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total franchise finance | 1,228 |  |  | 58,641 |  |  | 182,262 |  |  | 137,861 |  |  | 37,053 |  |  | — |  |  | — |  | — |  |  | 417,045 |  |
Year-to-date gross charge-offs | — |  |  | 370 |  |  | 7,664 |  |  | 9,576 |  |  | 4,144 |  |  | — |  |  | — |  | — |  |  | 21,754 |  |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | 4,770 |  |  | 6,271 |  |  | 10,901 |  |  | 163,760 |  |  | 78,631 |  |  | 73,883 |  |  | — |  | — |  |  | 338,216 |  |
Nonperforming | — |  |  | — |  |  | — |  |  | 2,721 |  |  | 597 |  |  | 1,576 |  |  | — |  | — |  |  | 4,894 |  |
Total residential mortgage | 4,770 |  |  | 6,271 |  |  | 10,901 |  |  | 166,481 |  |  | 79,228 |  |  | 75,459 |  |  | — |  | — |  |  | 343,110 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | 75 |  |  | — |  |  | — |  |  | — |  | — |  |  | 75 |  |
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | — |  |  | — |  |  | 628 |  |  | 1,009 |  |  | 187 |  |  | 761 |  |  | 11,330 |  | 810 |  |  | 14,725 |  |
Nonperforming | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Total home equity | — |  |  | — |  |  | 628 |  |  | 1,009 |  |  | 187 |  |  | 761 |  |  | 11,330 |  | 810 |  |  | 14,725 |  |
Year-to-date gross charge-offs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |  |
Other consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | 98,688 |  |  | 85,148 |  |  | 77,999 |  |  | 72,978 |  |  | 26,284 |  |  | 63,224 |  |  | 903 |  | — |  |  | 425,224 |  |
Nonperforming | — |  |  | 96 |  |  | 84 |  |  | 9 |  |  | 34 |  |  | 11 |  |  | — |  | — |  |  | 234 |  |
Total other consumer loans | 98,688 |  |  | 85,244 |  |  | 78,083 |  |  | 72,987 |  |  | 26,318 |  |  | 63,235 |  |  | 903 |  | — |  |  | 425,458 |  |
Year-to-date gross charge-offs | 79 |  |  | 279 |  |  | 491 |  |  | 189 |  |  | 31 |  |  | 388 |  |  | — |  | — |  |  | 1,457 |  |
Total Loans | $ | 668,608 |  |  | $ | 533,115 |  |  | $ | 689,454 |  |  | $ | 658,763 |  |  | $ | 276,280 |  |  | $ | 781,897 |  |  | $ | 116,414 |  | $ | 810 |  |  | $ | 3,725,341 |  |
Total year-to-date gross charge-offs | $ | 573 |  |  | $ | 17,376 |  |  | $ | 25,910 |  |  | $ | 12,661 |  |  | $ | 5,262 |  |  | $ | 1,307 |  |  | $ | — |  | $ | — |  |  | $ | 63,089 |  |
Past Due Financing Receivables | The following tables present the Company’s loan portfolio delinquency, including nonperforming loans, as of June 30, 2026 and December 31, 2025.
|  | June 30, 2026
(amounts in thousands) |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Current |  | Total Loans
Commercial and industrial |  | $ | 10 |  |  | $ | 2,005 |  |  | $ | — |  |  | $ | 2,015 |  |  | $ | 210,660 |  |  | $ | 212,675 |
Owner-occupied commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 51,749 |  |  | 51,749 |
Investor commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 669,970 |  |  | 669,970 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 427,076 |  |  | 427,076 |
Single tenant lease financing |  | — |  |  | — |  |  | — |  |  | — |  |  | 288,720 |  |  | 288,720 |
Public finance |  | — |  |  | — |  |  | — |  |  | — |  |  | 445,507 |  |  | 445,507 |
Healthcare finance |  | 1,059 |  |  | 130 |  |  | — |  |  | 1,189 |  |  | 120,098 |  |  | 121,287 |
Small business lending |  | 1,395 |  |  | 4,046 |  |  | 10,957 |  |  | 16,398 |  |  | 419,288 |  |  | 435,686 |
Franchise finance |  | 1,618 |  |  | 4,413 |  |  | 27,354 |  |  | 33,385 |  |  | 323,797 |  |  | 357,182 |
Residential mortgage |  | 2,277 |  |  | 1,511 |  |  | 3,286 |  |  | 7,074 |  |  | 319,184 |  |  | 326,258 |
Home equity |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,102 |  |  | 14,102 |
Other consumer loans |  | 410 |  |  | 150 |  |  | 92 |  |  | 652 |  |  | 441,136 |  |  | 441,788 |
Total |  | $ | 6,769 |  |  | $ | 12,255 |  |  | $ | 41,689 |  |  | $ | 60,713 |  |  | $ | 3,731,287 |  |  | $ | 3,792,000 |
|  | December 31, 2025
(amounts in thousands) |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or More Past Due |  | Total Past Due |  | Current |  | Total Loans
Commercial and industrial |  | $ | 515 |  |  | $ | 200 |  |  | $ | — |  |  | $ | 715 |  |  | $ | 220,999 |  |  | $ | 221,714 |
Owner-occupied commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 48,575 |  |  | 48,575 |
Investor commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 647,394 |  |  | 647,394 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 372,668 |  |  | 372,668 |
Single tenant lease financing |  | — |  |  | — |  |  | — |  |  | — |  |  | 222,925 |  |  | 222,925 |
Public finance |  | — |  |  | — |  |  | — |  |  | — |  |  | 442,234 |  |  | 442,234 |
Healthcare finance |  | — |  |  | — |  |  | 1,150 |  |  | 1,150 |  |  | 138,319 |  |  | 139,469 |
Small business lending |  | 20,325 |  |  | 4,277 |  |  | 9,445 |  |  | 34,047 |  |  | 395,977 |  |  | 430,024 |
Franchise finance |  | 11,641 |  |  | 1,110 |  |  | 24,912 |  |  | 37,663 |  |  | 379,382 |  |  | 417,045 |
Residential mortgage |  | — |  |  | 3,079 |  |  | 4,622 |  |  | 7,701 |  |  | 335,409 |  |  | 343,110 |
Home equity |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,725 |  |  | 14,725 |
Other consumer loans |  | 243 |  |  | 102 |  |  | 141 |  |  | 486 |  |  | 424,972 |  |  | 425,458 |
Total |  | $ | 32,724 |  |  | $ | 8,768 |  |  | $ | 40,270 |  |  | $ | 81,762 |  |  | $ | 3,643,579 |  |  | $ | 3,725,341 |
The following table summarizes the Company’s nonaccrual loans and loans past due 90 days or more and still accruing by loan class for the periods indicated:
|  | June 30, 2026 |  | December 31, 2025
(amounts in thousands) |  | Nonaccrual Loans |  | Nonaccrual Loans with No Allowance for Credit Losses |  | Total Loans 90 Days or More Past Due and Accruing |  | Nonaccrual Loans |  | Nonaccrual Loans with No Allowance for Credit Losses |  | Total Loans 90 Days or More Past Due and Accruing
Commercial and industrial |  | $ | 218 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 240 |  |  | $ | — |  |  | $ | — |
Single tenant lease financing |  | — |  |  | — |  |  | — |  |  | 1,665 |  |  | — |  |  | — |
Healthcare finance |  | — |  |  | — |  |  | — |  |  | 2,596 |  |  | 2,596 |  |  | — |
Small business lending 1 |  | 24,545 |  |  | 23,779 |  |  | 34 |  |  | 19,781 |  |  | 18,928 |  |  | — |
Franchise finance |  | 15,070 |  |  | 2,133 |  |  | 14,398 |  |  | 26,978 |  |  | 4,463 |  |  | 1,144 |
Residential mortgage |  | 5,501 |  |  | 5,501 |  |  | 98 |  |  | 4,893 |  |  | 4,893 |  |  | 1,007 |
Other consumer loans |  | 209 |  |  | 209 |  |  | — |  |  | 234 |  |  | 234 |  |  | — |
Total loans |  | $ | 45,543 |  |  | $ | 31,625 |  |  | $ | 14,530 |  |  | $ | 56,387 |  |  | $ | 31,114 |  |  | $ | 2,151 |
1 Balance includes $19.2 million and $13.6 million at June 30, 2026 and December 31, 2025, respectively, of loans guaranteed by the U.S. government.
Loans Experiencing Financial Difficulty and Modified | The following tables present loans that were both experiencing financial difficulty and modified during the three months ended June 30, 2026 and 2025.
|  | Three Months Ended June 30, 2026
(dollars in thousands) |  | Payment Delay |  |  |  | Total Modification by Loan Class |  | % of Class of Loans
Small business lending |  | $ | 3,425 |  |  |  |  | $ | 3,425 |  |  | 0.8 | %
Residential mortgage |  | 91 |  |  |  |  | 91 |  |  | — | %
Total |  | $ | 3,516 |  |  |  |  | $ | 3,516 |  |  |
|  | Three Months Ended June 30, 2025
(dollars in thousands) |  | Payment Delay |  | Total Modification by Loan Class |  | % of Class of Loans
Commercial and industrial |  | $ | 393 |  |  | $ | 393 |  |  | 0.3 | %
Single tenant lease financing |  | 3,007 |  | 3,007 |  | 0.3 | %
Small business lending |  | 3,084 |  | 3,084 |  | 0.6 | %
Total |  | $ | 6,484 |  |  | $ | 6,484 |  |  |
The following table presents loans that were both experiencing financial difficulty and modified during the six months ended June 30, 2026 and 2025.
|  | Six Months Ended June 30, 2026
(dollars in thousands) |  | Payment Delay |  |  |  | Total Modification by Loan Class |  | % of Class of Loans
Commercial and industrial |  | $ | 3 |  |  |  |  | $ | 3 |  |  | — | %
Small business lending |  | 3,425 |  |  |  |  | 3,425 |  |  | 0.8 | %
Residential mortgage |  | 91 |  |  |  |  | 91 |  |  | — | %
Total |  | $ | 3,519 |  |  |  |  | $ | 3,519 |  |  |
|  | Six Months Ended June 30, 2025
(dollars in thousands) |  | Payment Delay |  | Total Modification by Loan Class |  | % of Class of Loans
Commercial and industrial |  | $ | 393 |  |  | $ | 393 |  |  | 0.3 | %
Single tenant lease financing |  | 3,007 |  | 3,007 |  | 0.3 | %
Healthcare finance |  | 2,634 |  | 2,634 |  | 1.7 | %
Small business lending |  | 3,084 |  | 3,084 |  | 0.6 | %
Total |  | $ | 9,118 |  |  | $ | 9,118 |  |  |
Performance of Loans Modified in the Last Twelve Months | The following table presents the performance of loans that were modified within the twelve months ended June 30, 2026.
|  | Twelve Months Ended June 30, 2026
(amounts in thousands) |  | Current |  |  |  | 30 - 89 Days Past Due |  | 90+ Days Past Due
Commercial and industrial |  | $ | 3 |  |  |  |  | $ | — |  |  | $ | — |
Healthcare finance |  | — |  |  |  |  | 130 |  |  | — |
Small business lending |  | 3,425 |  |  |  |  | — |  |  | 21 |
Franchise finance |  | 485 |  |  |  |  | — |  |  | — |
Residential mortgage |  | 91 |  |  |  |  | — |  |  | — |
Total |  | $ | 4,004 |  |  |  |  | $ | 130 |  |  | $ | 21 |

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