Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Schedule of Loans, Net of Unamortized Net Deferred Fees

The table below presents HFI Loans, net of unamortized net deferred fees, summarized by portfolio segment.

	As of
	December 31, 2025				December 31, 2024
(dollars in thousands)	Amount		%		Amount		%
Commercial	$	1,338,486	18	%	$	1,183,628	15	%
Income producing - commercial real estate	3,350,718		46	%	4,064,846		51	%
Owner occupied - commercial real estate	1,602,124		22	%	1,269,669		16	%
Real estate mortgage - residential	37,100		1	%	50,535		1	%
Construction - commercial and residential	795,400		11	%	1,210,763		15	%
Construction - C&I (owner occupied)	108,468		1	%	103,259		1	%
Home equity	47,448		1	%	51,130		1	%
Other consumer	715		—	%	1,058		—	%
Total loans	7,280,459		100	%	7,934,888		100	%
Less: allowance for credit losses	(159,604)				(114,390)
Net loans (1)	$	7,120,855			$	7,820,498

(1)Excludes accrued interest receivable of $35.9 million and $42.9 million as of December 31, 2025 and 2024, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Schedule of Detail Activity in the Allowance for Credit Losses by Portfolio Segment

The table below details activity in the ACL by portfolio segment. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

(dollars in thousands)	Commercial		Income  Producing - Commercial Real Estate		Owner  Occupied - Commercial Real Estate		Real Estate Mortgage - Residential		Construction -Commercial and Residential		Construction - C&I (Owner Occupied)		Home Equity		Other Consumer		Total
For the Year Ended December 31, 2025
Allowance for credit losses:
Balance at beginning of period	$	16,293	$	65,375	$	19,295	$	472	$	11,333	$	1,079	$	515	$	28	$	114,390
Loans charged-off	(2,410)		(205,661)		(22,238)		—		(18,712)		—		(206)		(35)		(249,262)
Recoveries of loans previously charged-off	666		332		86		—		—		—		—		—		1,084
Net loans (charged-off) and recovered	(1,744)		(205,329)		(22,152)		—		(18,712)		—		(206)		(35)		(248,178)
Provision for (reversal of) credit losses	12,058		238,661		23,576		(133)		18,550		436		210		34		293,392
Ending balance	$	26,607	$	98,707	$	20,719	$	339	$	11,171	$	1,515	$	519	$	27	$	159,604
For the Year Ended December 31, 2024
Allowance for credit losses:
Balance at beginning of year	$	16,149	$	44,447	$	13,006	$	778	$	9,077	$	1,861	$	598	$	24	$	85,940
Loans charged-off	(4,906)		(30,284)		(3,800)		—		(129)		—		—		(88)		(39,207)
Recoveries of loans previously charged-off	373		185		94		—		—		—		—		—		652
Net loans (charged-off) and recovered	(4,533)		(30,099)		(3,706)		—		(129)		—		—		(88)		(38,555)
Provision for (reversal of) credit losses	4,677		51,027		9,995		(306)		2,385		(782)		(83)		92		67,005
Ending balance	$	16,293	$	65,375	$	19,295	$	472	$	11,333	$	1,079	$	515	$	28	$	114,390
For the Year Ended December 31, 2023
Allowance for credit losses:
Balance at beginning of year	$	15,320	$	36,207	$	12,434	$	951	$	7,324	$	1,591	$	543	$	74	$	74,444
Loans charged-off	(2,020)		(11,817)		—		—		(5,636)		—		—		(50)		(19,523)
Recoveries of loans previously charged-off	576		—		55		—		36		—		—		6		673
Net loans (charged-off) and recovered	(1,444)		(11,817)		55		—		(5,600)		—		—		(44)		(18,850)
Provision for (reversal of) credit losses	2,273		20,057		517		(173)		7,353		270		55		(6)		30,346
Ending balance	$	16,149	$	44,447	$	13,006	$	778	$	9,077	$	1,861	$	598	$	24	$	85,940

Schedule of Amortized Cost Basis of Collateral-Dependent Loans by Class of Loans

The table below presents the amortized cost basis of collateral-dependent HFI loans by portfolio segment.

	As of
	December 31, 2025				December 31, 2024
(dollars in thousands)	Business/Other Assets		Real Estate		Business/Other Assets		Real Estate
Commercial	$	15,285	$	2,813	$	1,214	$	1,125
Income producing-commercial real estate	880		61,657		880		167,574
Owner occupied - commercial real estate	—		7,938		—		37,746
Real estate mortgage- residential	—		579		—		—
Construction - commercial and residential	—		17,394		—		—
Home equity	—		351		—		303
Total	$	16,165	$	90,732	$	2,094	$	206,748

Schedule of the Risk Category of Loans by Class of Loans

The table below presents the amortized cost basis of HFI loans by risk category, class and year of origination, along with any charge-offs that were recorded in the applicable loan segment, if applicable. The table below excludes $176.5 million of gross charge-offs associated with loans that were reclassified to HFS or sold during the year ended December 31, 2025.

	As of December 31, 2025
(dollars in thousands)	Prior		2021		2022		2023		2024		2025		Revolving Loans Amort. Cost Basis		Revolving Loans Convert. to Term		Total
Commercial:
Pass	$	92,082	$	18,390	$	35,098	$	66,402	$	83,098	$	357,934	$	593,711	$	3,815	$	1,250,530
Special Mention	524		309		11,264		994		10,360		—		7,018		—		30,469
Substandard	22,721		433		18,134		406		—		—		13,102		2,691		57,487
Total	115,327		19,132		64,496		67,802		93,458		357,934		613,831		6,506		1,338,486
YTD gross charge-offs	(1,208)		(525)		(304)		—		(57)		—		(296)		—		(2,390)
PPP loans:
Pass	—		—		—		—		—		—		—		—		—
Income producing - commercial real estate:
Pass	1,087,720		435,579		533,070		364,692		88,823		123,114		145,256		13,381		2,791,635
Special Mention	86,600		43,104		56,157		—		—		—		—		—		185,861
Substandard	167,878		90,035		114,451		—		—		—		858		—		373,222
Total	1,342,198		568,718		703,678		364,692		88,823		123,114		146,114		13,381		3,350,718
YTD gross charge-offs	(35,833)		—		—		—		—		—		(10,500)		—		(46,333)
Owner occupied - commercial real estate:
Pass	667,233		209,803		89,580		132,719		126,792		356,437		636		—		1,583,200
Substandard	14,263		3,137		1,072		452		—		—		—		—		18,924
Total	681,496		212,940		90,652		133,171		126,792		356,437		636		—		1,602,124
YTD gross charge-offs	(22,238)		—		—		—				—		—		—		(22,238)
Real estate mortgage - residential:
Pass	13,331		6,411		10,941		5,838		—		—		—		—		36,521
Substandard	579		—		—		—		—		—		—		—		579
Total	13,910		6,411		10,941		5,838		—		—		—		—		37,100
Construction - commercial and residential:
Pass	10,095		106,241		307,223		120,558		10,228		23,415		92,900		8,294		678,954
Special Mention	—		—		25,082		—		—		—		27,469		—		52,551
Substandard	35,517		11,618		15,320		—		—		—		1,440		—		63,895
Total	45,612		117,859		347,625		120,558		10,228		23,415		121,809		8,294		795,400
YTD gross charge-offs	(1,579)		—		—		—		—		—		—		—		(1,579)
Construction - C&I (owner occupied):
Pass	3,737		—		—		10,199		43,484		18,945		791		31,312		108,468
Home equity
Pass	1,282		35		114		—		—		—		44,822		805		47,058
Substandard	248		—		—		—		—		—		82		60		390
Total	1,530		35		114		—		—		—		44,904		865		47,448
YTD gross charge-offs	—		(206)		—		—		—		—		—		—		(206)
Other consumer
Pass	—		—		—		—		—		156		559		—		715
YTD gross charge-offs	(3)		—		—		—		—		—		—		(32)		(35)
Total Recorded Investment	$	2,203,810	$	925,095	$	1,217,506	$	702,260	$	362,785	$	880,001	$	928,644	$	60,358	$	7,280,459
Total YTD gross charge-offs	$	(60,861)	$	(731)	$	(304)	$	—	$	(57)	$	—	$	(10,796)	$	(32)	$	(72,781)

	As of December 31, 2024
(dollars in thousands)	Prior		2020		2021		2022		2023		2024		Revolving Loans Amort. Cost Basis		Revolving Loans Convert. to Term		Total
Commercial:
Pass	$	132,595	$	26,775	$	133,687	$	110,439	$	89,608	$	104,927	$	513,645	$	4,394	$	1,116,070
Special Mention	7,828		3,479		—		—		—		—		18,384		—		29,691
Substandard	11,404		3,713		2,128		519		—		—		12,223		7,880		37,867
Total	151,827		33,967		135,815		110,958		89,608		104,927		544,252		12,274		1,183,628
YTD gross charge-offs	(4,350)		—		—		—		—		—		(506)		(50)		(4,906)
Income producing - commercial real estate:
Pass	1,442,246		176,268		626,527		680,822		276,731		151,535		216,363		29,243		3,599,735
Special Mention	74,251		91,643		—		20,600		—		—		—		—		186,494
Substandard	266,309		1,808		—		—		—		—		10,500		—		278,617
Total	1,782,806		269,719		626,527		701,422		276,731		151,535		226,863		29,243		4,064,846
YTD gross charge-offs	(29,898)		(386)		—		—		—		—		—		—		(30,284)
Owner occupied - commercial real estate:
Pass	622,258		57,611		219,162		39,221		138,860		69,623		299		—		1,147,034
Special Mention	23,658		—		—		—		—		—		—		—		23,658
Substandard	96,634		1,248		—		1,095		—		—		—		—		98,977
Total	742,550		58,859		219,162		40,316		138,860		69,623		299		—		1,269,669
YTD gross charge-offs	(3,800)		—		—		—		—		—		—		—		(3,800)
Real estate mortgage - residential:
Pass	20,080		2,435		9,972		12,181		5,867		—		—		—		50,535
Total	20,080		2,435		9,972		12,181		5,867		—		—		—		50,535
Construction - commercial and residential:
Pass	26,739		38,385		199,933		595,496		202,577		7,588		124,508		—		1,195,226
Special Mention	—		—		4,964		—		—		—		—		—		4,964
Substandard	5,683		—		4,890		—		—		—		—		—		10,573
Total	32,422		38,385		209,787		595,496		202,577		7,588		124,508		—		1,210,763
YTD gross charge-offs	(129)		—		—		—		—		—		—		—		(129)
Construction - C&I (owner occupied):
Pass	6,063		24,632		—		36,544		8,458		26,730		832		—		103,259
Home equity:
Pass	1,366		71		35		116		—		—		48,443		765		50,796
Substandard	59		—		222		—		—		—		53		—		334
Total	1,425		71		257		116		—		—		48,496		765		51,130
Other consumer:
Pass	3		—		—		—		—		49		1,006		—		1,058
YTD gross charge-offs	(70)		—		—		—		—		—		(17)		(1)		(88)
Total Recorded Investment	$	2,737,176	$	428,068	$	1,201,520	$	1,497,033	$	722,101	$	360,452	$	946,256	$	42,282	$	7,934,888
Total YTD gross charge-offs	$	(38,247)	$	(386)	$	—	$	—	$	—	$	—	$	(523)	$	(51)	$	(39,207)

Schedule of Information Related to Nonaccrual Loans by Class

The table below presents, by portfolio segment, information related to the amortized cost basis of nonaccrual HFI loans.

	As of
	December 31, 2025						December 31, 2024
(dollars in thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with an Allowance for Credit Losses		Total Nonaccrual Loans		Nonaccrual with No Allowance for Credit Loss		Nonaccrual with an Allowance for Credit Losses		Total Nonaccrual Loans
Commercial	$	3,397	$	14,702	$	18,099	$	1,439	$	609	$	2,048
Income producing - commercial real estate	38,275		24,262		62,537		47,224		121,230		168,454
Owner occupied - commercial real estate	3,199		4,738		7,937		642		37,102		37,744
Real estate mortgage - residential	579		—		579		—		157		157
Construction- commercial and residential	2,074		15,320		17,394		—		—		—
Home equity	333		18		351		303		—		303
Other consumer	—		—		—		—		—		—
Total (1)	$	47,857	$	59,040	$	106,897	$	49,608	$	159,098	$	208,706

(1)Gross coupon interest income of $21.0 million, and $8.8 million would have been recorded for the years ended December 31, 2025 and 2024 respectively, if nonaccrual loans shown above had been current and in accordance with their original terms. Interest income recognized on loans on nonaccrual status was $15.6 million and $4.1 million for the years ended December 31, 2025 and 2024, respectively. See "Note 1 – Summary of Significant Accounting Policies" to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.

Schedule of Class of Loan, an Aging Analysis and the Recorded Investments in Loans Past Due

The table below presents, by portfolio segment, an aging analysis and the recorded investments in HFI loans past due.

	As of December 31, 2025
(dollars in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 Days or More Past  Due		Total Past Due Loans		Current Loans		Nonaccrual Loans		Total Recorded Investment in Loans
Commercial	$	2,942	$	44	$	—	$	2,986	$	1,317,401	$	18,099	$	1,338,486
Income producing - commercial real estate	2,688		—		—		2,688		3,285,493		62,537		3,350,718
Owner occupied - commercial real estate	167		12,573		—		12,740		1,581,447		7,937		1,602,124
Real estate mortgage – residential	4,544		—		—		4,544		31,977		579		37,100
Construction - commercial and residential	26,942		—		—		26,942		751,064		17,394		795,400
Construction - C&I (owner occupied)	—		—		—		—		108,468		—		108,468
Home equity	—		39		—		39		47,058		351		47,448
Other consumer	—		—		—		—		715		—		715
Total	$	37,283	$	12,656	$	—	$	49,939	$	7,123,623	$	106,897	$	7,280,459
	As of December 31, 2024
(dollars in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 Days or More Past  Due		Total Past Due Loans		Current Loans		Nonaccrual Loans		Total Recorded Investment in Loans
Commercial	$	5,121	$	3,759	$	—	$	8,880	$	1,172,700	$	2,048	$	1,183,628
Income producing - commercial real estate	13,804		—		—		13,804		3,882,588		168,454		4,064,846
Owner occupied - commercial real estate	2,968		—		—		2,968		1,228,957		37,744		1,269,669
Real estate mortgage – residential	—		—		—		—		50,378		157		50,535
Construction - commercial and residential	—		1,031		—		1,031		1,209,732		—		1,210,763
Construction - C&I (owner occupied)	—		—		—		—		103,259		—		103,259
Home equity	52		—		—		52		50,775		303		51,130
Other consumer	28		—		—		28		1,030		—		1,058
Total	$	21,973	$	4,790	$	—	$	26,763	$	7,699,419	$	208,706	$	7,934,888

Schedule of Loans Modified in Troubled Debt Restructurings

The table below presents the amortized cost basis and the financial effect of HFI loans modified for borrowers experiencing financial difficulty.

(dollars in thousands)	Payment Delay		Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Principal Payment Delay and Interest Rate Reduction		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction		Total		Percentage of Total Loan Type		Weighted Average Term and Principal Payment Extension (1)	Weighted Average Interest Rate Reduction (2)
December 31, 2025
Commercial	$	10,340	$	22,742	$	9,816	$	—	$	—	$	42,898	3.2	%	14 months	—	%
Income producing - commercial real estate	—		69,571		134,143		—		—		203,714		6.1	%	19 months	—	%
Owner occupied - commercial real estate	—		12,573		—		—		—		12,573		0.8	%	4 months	—	%
Construction - commercial and residential	3,605		1,568		13,280		—		—		18,453		2.3	%	9 months	—	%
Total	$	13,945	$	106,454	$	157,239	$	—	$	—	$	277,638
December 31, 2024
Commercial	$	—	$	27,249	$	28,576	$	7,728	$	—	$	63,553	5.3	%	13 months	1.63	%
Income producing - commercial real estate	—		25,290		288,111		—		3,514		316,915		7.8	%	8 months	3.59	%
Owner occupied - commercial real estate	—		870		—		—		—		870		0.1	%	12 months	—	%
Construction - commercial and residential	—		—		20,454		—		—		20,454		1.7	%	9 months	—	%
Total	$	—	$	53,409	$	337,141	$	7,728	$	3,514	$	401,792

(1)For loans that received multiple modifications during the year, weighted average term and principal payment extensions were calculated based on the aggregate impact of the extensions received during the period.

(2)The weighted average is calculated based on the total amortized cost of loans, at the year-end, that received interest rate reduction modifications during the year.

The table below presents the performance of HFI loans modified during the prior twelve months for borrowers experiencing financial difficulty.

	Payment Status (Amortized Cost Basis)
(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
December 31, 2025
Commercial	$	38,811	$	—	$	—	$	4,085
Income producing - commercial real estate	177,789		—		—		25,926
Owner occupied - commercial real estate	—		12,573		—		—
Construction - commercial and residential	15,445		1,440		—		1,568
Total	$	232,045	$	14,013	$	—	$	31,579
December 31, 2024
Commercial	$	58,169	$	5,384	$	—	$	—
Income producing - commercial real estate	185,185		—		—		131,730
Owner occupied - commercial real estate	870		—		—		—
Construction - commercial and residential	20,454		—		—		—
Total	$	264,678	$	5,384	$	—	$	131,730

Schedule of Amortized Cost Basis of Loan for Payment Default

The table below presents the amortized cost basis of HFI loans that were experiencing payment default and were modified in the twelve months prior to that default for borrowers experiencing financial difficulty.

	Amortized Cost Basis
(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay
December 31, 2025
Commercial	$	4,085	$	—
Income producing - commercial real estate	—		25,926
Owner occupied - commercial real estate	12,573		—
Construction - commercial and residential	1,568		1,440
Total	$	18,226	$	27,366
December 31, 2024
Commercial	$	5,384	$	—
Income producing - commercial real estate	—		131,730
Total	$	5,384	$	131,730

The table below summarizes the activity of loans outstanding to borrowers with relationships to related parties.

(dollars in thousands)	2025		2024
Balance at January 1,	$	302	$	836
Additions	—		—
Repayments	(111)		(534)
Balance as of December 31,	$	191	$	302