XML 46 R33.htm IDEA: XBRL DOCUMENT v3.25.3
Loans and Allowance for Credit Losses on Loans HFI (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of September 30, 2025 and December 31, 2024, by class of financing receivable are as follows:
 September 30,December 31,
 2025 2024 
Commercial and industrial$2,155,105 $1,691,213 
Construction1,195,392 1,087,732 
Residential real estate:
1-to-4 family mortgage1,852,626 1,616,754 
Residential line of credit707,303 602,475 
Multi-family mortgage736,424 653,769 
Commercial real estate:
Owner-occupied2,124,920 1,357,568 
Non-owner occupied2,890,233 2,099,129 
Consumer and other635,597 493,744 
Gross loans12,297,600 9,602,384 
Less: Allowance for credit losses on loans HFI(184,993)(151,942)
Net loans$12,112,607 $9,450,442 
Schedule of Credit Quality of Loan Portfolio by Year of Origination
The following tables present the credit quality of the Company’s commercial type loan portfolio as of September 30, 2025 and December 31, 2024 and the gross charge-offs for the nine months ended September 30, 2025 and the year ended December 31, 2024 by year of origination. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination.
As of and for the nine months
    ended September 30, 2025
2025 2024 2023 2022 2021 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$262,123 $287,681 $240,254 $144,729 $57,647 $203,087 $861,567 $2,057,088 
Special Mention2,023 2,205 5,311 13,784 1,075 15,697 5,996 46,091 
Classified452 2,199 7,210 28,853 284 4,470 8,458 51,926 
Total264,598 292,085 252,775 187,366 59,006 223,254 876,021 2,155,105 
            Current-period gross
               charge-offs		— — 54 — — 2,413 604 3,071 
Construction
Pass251,643 233,754 77,666 260,663 114,563 179,489 91 1,117,869 
Special Mention— 1,067 3,304 17,698 10,129 4,162 — 36,360 
Classified— 153 2,916 18,284 243 19,567 — 41,163 
Total251,643 234,974 83,886 296,645 124,935 203,218 91 1,195,392 
            Current-period gross
               charge-offs		— — — — — — 399 399 
Residential real estate:
Multi-family mortgage
Pass36,254 36,045 38,514 246,213 208,116 161,957 — 727,099 
Special Mention— — — — — — — — 
Classified— — — 592 8,715 18 — 9,325 
Total36,254 36,045 38,514 246,805 216,831 161,975 — 736,424 
             Current-period gross
                charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass258,439 320,426 216,259 355,833 291,000 561,544 80,743 2,084,244 
Special Mention— 408 4,491 1,369 6,229 14,691 290 27,478 
Classified— — 427 7,938 120 4,713 — 13,198 
Total258,439 320,834 221,177 365,140 297,349 580,948 81,033 2,124,920 
            Current-period gross
              charge-offs		— — — — — 17 — 17 
Non-owner occupied
Pass194,723 238,750 126,491 678,639 536,518 846,729 230,228 2,852,078 
Special Mention— — 4,783 8,410 4,559 10,054 — 27,806 
Classified— — 1,008 — 4,594 4,747 — 10,349 
Total194,723 238,750 132,282 687,049 545,671 861,530 230,228 2,890,233 
             Current-period gross
                charge-offs		— — — — — — — — 
Total commercial loan types
Pass1,003,182 1,116,656 699,184 1,686,077 1,207,844 1,952,806 1,172,629 8,838,378 
Special Mention2,023 3,680 17,889 41,261 21,992 44,604 6,286 137,735 
Classified452 2,352 11,561 55,667 13,956 33,515 8,458 125,961 
Total$1,005,657 $1,122,688 $728,634 $1,783,005 $1,243,792 $2,030,925 $1,187,373 $9,102,074 
            Current-period gross
                charge-offs		$— $— $54 $— $— $2,430 $1,003 $3,487 
As of and for the year ended
  December 31, 2024 		2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$194,185 $182,677 $130,148 $56,460 $29,735 $104,236 $909,398 $1,606,839 
Special Mention2,684 2,425 7,609 277 285 2,015 24,345 39,640 
Classified— 175 19,125 4,424 1,659 6,201 13,150 44,734 
Total196,869 185,277 156,882 61,161 31,679 112,452 946,893 1,691,213 
              Current-period gross
                 charge-offs		— 116 950 506 1,234 7 8,267 11,080 
Construction
Pass190,058 116,122 349,716 99,225 27,616 54,099 199,596 1,036,432 
Special Mention156 87 15,432 389 10 576 — 16,650 
Classified— — 7,314 290 8,335 — 18,711 34,650 
Total190,214 116,209 372,462 99,904 35,961 54,675 218,307 1,087,732 
              Current-period gross
                  charge-offs		— — 122 — — — — 122 
Residential real estate:
Multi-family mortgage
Pass40,076 3,800 232,415 223,076 51,948 69,652 21,883 642,850 
Special Mention— — — — — — — — 
Classified— — — 9,919 — 1,000 — 10,919 
Total40,076 3,800 232,415 232,995 51,948 70,652 21,883 653,769 
             Current-period gross
                 charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass185,416 103,060 247,049 215,798 102,580 396,288 84,226 1,334,417 
Special Mention— — 1,370 2,582 — 6,133 — 10,085 
Classified— — 6,324 235 61 5,371 1,075 13,066 
Total185,416 103,060 254,743 218,615 102,641 407,792 85,301 1,357,568 
              Current-period gross
                  charge-offs		— — — — — — — — 
Non-owner occupied
Pass198,591 36,027 526,417 445,598 111,943 689,15858,255 2,065,989 
Special Mention— 4,836 — 1,527 — 19,311— 25,674 
Classified— — — 136 — 7,330— 7,466 
Total198,591 40,863 526,417 447,261 111,943 715,799 58,255 2,099,129 
               Current-period gross
                   charge-offs		— — — — — — — — 
Total commercial loan types
Pass808,326 441,686 1,485,745 1,040,157 323,822 1,313,433 1,273,358 6,686,527 
Special Mention2,840 7,348 24,411 4,775 295 28,035 24,345 92,049 
Classified— 175 32,763 15,004 10,055 19,902 32,936 110,835 
Total$811,166 $449,209 $1,542,919 $1,059,936 $334,172 $1,361,370 $1,330,639 $6,889,411 
              Current-period gross
                  charge-offs		— 116 1,072 506 1,234 7 8,267 11,202 
The following tables present the credit quality by classification of the Company’s consumer type loan portfolio as of September 30, 2025 and December 31, 2024 and the gross charge-offs for the nine months ended September 30, 2025 and the year ended December 31, 2024 by year of origination. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination.
As of and for the nine months
    ended September 30, 2025
2025 2024 2023 2022 2021 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$271,131 $229,222 $169,347 $430,061 $347,851 $375,569 $— $1,823,181 
Nonperforming330 920 2,378 8,800 5,974 11,043 — 29,445 
Total271,461 230,142 171,725 438,861 353,825 386,612 — 1,852,626 
          Current-period gross
             charge-offs		— — 4 — — 754 — 758 
Residential line of credit
Performing— — — — — — 704,961 704,961 
Nonperforming— — — — — — 2,342 2,342 
Total— — — — — — 707,303 707,303 
          Current-period gross
             charge-offs		— — — — — — — — 
Consumer and other
Performing134,005 159,677 85,141 72,047 31,276 133,392 355 615,893 
Nonperforming523 3,674 3,733 1,815 3,083 6,876 — 19,704 
       Total134,528 163,351 88,874 73,862 34,359 140,268 355 635,597 
           Current-period gross
              charge-offs		1,434 118 76 104 86 989 4 2,811 
Total consumer type loans
Performing405,136 388,899 254,488 502,108 379,127 508,961 705,316 3,144,035 
Nonperforming853 4,594 6,111 10,615 9,057 17,919 2,342 51,491 
        Total$405,989 $393,493 $260,599 $512,723 $388,184 $526,880 $707,658 $3,195,526 
            Current-period gross
             charge-offs		$1,434 $118 $80 $104 $86 $1,743 $4 $3,569 
As of and for the year ended
  December 31, 2024 		2024 2023 2022 2021 2020 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$223,520 $165,395 $443,372 $360,188 $129,674 $266,661 $— $1,588,810 
Nonperforming27 941 7,254 6,357 4,192 9,173 — 27,944 
Total223,547 166,336 450,626 366,545 133,866 275,834 — 1,616,754 
           Prior-period gross
               charge-offs		10 54 150 130 67 28 — 439 
Residential line of credit
Performing— — — — — — 600,581 600,581 
Nonperforming— — — — — — 1,894 1,894 
Total— — — — — — 602,475 602,475 
           Prior-period gross
               charge-offs		— — — — — — 73 73 
Consumer and other
Performing139,684 93,817 76,286 35,507 29,387 102,233 652 477,566 
Nonperforming1,300 1,749 1,686 3,139 2,548 5,755 1 16,178 
       Total140,984 95,566 77,972 38,646 31,935 107,988 653 493,744 
            Prior-period gross
               charge-offs		1,593 511 302 278 69 298 — 3,051 
Total consumer type loans
Performing363,204 259,212 519,658 395,695 159,061 368,894 601,233 2,666,957 
Nonperforming1,327 2,690 8,940 9,496 6,740 14,928 1,895 46,016 
       Total$364,531 $261,902 $528,598 $405,191 $165,801 $383,822 $603,128 $2,712,973 
             Prior-period gross
                 charge-offs		1,603 565 452 408 136 326 73 3,563 
Schedule of Analysis of Aging by Class of Financing Receivable
The following tables represent an analysis of the aging by class of financing receivable as of September 30, 2025 and December 31, 2024:
September 30, 202530-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$975 $20 $6,906 $2,147,204 $2,155,105 
Construction5,132 415 30,953 1,158,892 1,195,392 
Residential real estate:
1-to-4 family mortgage24,132 18,159 11,286 1,799,049 1,852,626 
Residential line of credit1,930 496 1,846 703,031 707,303 
Multi-family mortgage— — 9,325 727,099 736,424 
Commercial real estate:
Owner occupied1,875 361 10,639 2,112,045 2,124,920 
Non-owner occupied3,676 — 5,649 2,880,908 2,890,233 
Consumer and other16,909 6,860 12,844 598,984 635,597 
Total$54,629 $26,311 $89,448 $12,127,212 $12,297,600 
 
December 31, 202430-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current on payments and accruing interest Total
Commercial and industrial$1,204 $730 $9,661 $1,679,618 $1,691,213 
Construction3,288 538 10,915 1,072,991 1,087,732 
Residential real estate:
1-to-4 family mortgage24,376 15,319 12,625 1,564,434 1,616,754 
Residential line of credit2,302 357 1,537 598,279 602,475 
Multi-family mortgage979 — 21 652,769 653,769 
Commercial real estate:
Owner occupied1,996 94 9,551 1,345,927 1,357,568 
Non-owner occupied— 3,512 2,667 2,092,950 2,099,129 
Consumer and other13,710 3,797 12,381 463,856 493,744 
Total$47,855 $24,347 $59,358 $9,470,824 $9,602,384 
Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans
The following tables provide the amortized cost basis of loans on nonaccrual status, as well as any related allowance as of September 30, 2025 and December 31, 2024 by class of financing receivable.
September 30, 2025Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance
Commercial and industrial$1,173 $5,733 
Construction13,449 17,504 
Residential real estate:
1-to-4 family mortgage— 11,286 
Residential line of credit— 1,846 
Multi-family mortgage8,715 610 
Commercial real estate:
Owner occupied7,137 3,502 
Non-owner occupied5,414 235 
Consumer and other— 12,844 
Total$35,888 $53,560 
December 31, 2024
Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance
Commercial and industrial$5,294 $4,367 
Construction1,653 9,262 
Residential real estate:
1-to-4 family mortgage1,562 11,063 
Residential line of credit148 1,389 
Multi-family mortgage— 21 
Commercial real estate:
Owner occupied6,415 3,136 
Non-owner occupied2,224 443 
Consumer and other— 12,381 
Total$17,296 $42,062 
The following presents interest income recognized on nonaccrual loans for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Commercial and industrial$179 $46 $209 $615 
Construction365 308 867 448 
Residential real estate:
1-to-4 family mortgage70 6 76 40 
Residential line of credit65 1 96 40 
Multi-family mortgage5 — 171 1 
Commercial real estate:
Owner occupied— — 8 124 
Non-owner occupied8 — 120 89 
Consumer and other145 — 204 — 
Total$837 $361 $1,751 $1,357 
Schedule of Amortized Cost of FDM Loans and Financial Effects of Loan Modifications
The following table presents the amortized cost of FDM loans as of September 30, 2025 and 2024 by type of concession granted that were modified during the three and nine months ended September 30, 2025 and 2024.

Term ExtensionPayment deferralInterest Rate Reduction
Combination(1)
Total% of total class of financing receivables
Three Months Ended September 30, 2025
Commercial and industrial$6 $— $— $— $6 — %
Construction787 — — — 787 0.1 %
Commercial real estate:
Owner occupied244 — — — 244 — %
Non-owner occupied— 4,594 — — 4,594 0.2 %
Total$1,037 $4,594 $— $— $5,631 — %
Nine Months Ended September 30, 2025
Commercial and industrial$152 $— $— $— $152 — %
Construction1,326 — 142 3,305 4,773 0.4 %
Residential real estate:
1-to-4 family mortgage461 1,832 — — 2,293 0.1 %
Commercial real estate:
Owner occupied244 — — — 244 — %
Non-owner occupied— 4,594 — — 4,594 0.2 %
Consumer and other— — — 63 63 — %
Total$2,183 $6,426 $142 $3,368 $12,119 0.1 %
Three Months Ended September 30, 2024
Commercial and industrial$— $— $— $7,038 $7,038 0.4 %
Construction— — — 1,713 1,713 0.2 %
Total$— $— $— $8,751 $8,751 0.1 %
Nine Months Ended September 30, 2024
Commercial and industrial$— $— $— $7,038 $7,038 0.4 %
Construction— — — 15,908 15,908 1.5 %
Consumer and other38 — — 97 135 — %
Total$38 $— $— $23,043 $23,081 0.2 %
(1) Includes FDM loans modified with a combination of term extension, payment deferral and interest rate reduction modifications.
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty:
Three Months Ended September 30, 2025Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial13——%
Construction2——%
Commercial real estate:
Owner occupied3——%
Non-owner occupied—7—%
Nine months ended September 30, 2025Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial35——%
Construction442.50%
Residential real estate:
1-to-4 family mortgage3004—%
Commercial real estate:
Owner occupied3——%
Non-owner occupied—7—
Consumer and other13—2.00%
Three Months Ended September 30, 2024Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial1212—%
Construction36050.10%
Nine Months Ended September 30, 2024Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial1212—%
Construction4430.10%
Consumer and other25—1.49%
Schedule of Loans Defaulted, Previously Modified In Prior 12 Months The following tables depict loans defaulted that were previously modified in the prior 12 months:
Three Months Ended September 30, 2025Term ExtensionPayment deferralInterest Rate Reduction
Combination(1)
Residential real estate:
1-to-4 family mortgage$— $— $— $313 
(1) Includes FDM loans modified with a combination of term extension, payment deferral and interest rate reduction modifications.
Nine Months Ended September 30, 2025Term ExtensionPayment deferralInterest Rate Reduction
Combination(1)
Construction$— $— $142 $— 
Residential real estate:
1-to-4 family mortgage461 — — 313 
Consumer and other— — — 63 
(1) Includes FDM loans modified with a combination of term extension, payment deferral and interest rate reduction modifications.
Schedule of Payment Status Recorded Investment The tables below depict the performance of loans HFI as of September 30, 2025 and 2024 made to borrowers experiencing financial difficulty that were modified in the prior twelve months.
September 30, 202530-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$— $— $— $152 $152 
Construction— — 3,305 1,468 4,773 
Residential real estate:
1-to-4 family mortgage313 — 1,464 1,193 2,970 
Residential line of credit— — — 29 29 
Commercial real estate:
Owner-occupied— — 244 — 244 
Non-owner occupied— — 1,031 3,562 4,593 
Consumer and other— 63 — — 63 
Total$313 $63 $6,044 $6,404 $12,824 
(1) Loans were on nonaccrual when modified and subsequently classified as FDM.
September 30, 202430-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$— $— $7,038 $— $7,038 
Construction— — 1,713 14,195 15,908 
Residential real estate:
1-to-4 family mortgage— — 22 — 22 
Consumer and other32 — — 104 136 
Total$32 $— $8,773 $14,299 $23,104 
(1) Loans were on nonaccrual when modified and subsequently classified as FDM.
Schedule of Collateral-Dependent Loans
For collateral-dependent loans, or those loans for which repayment is expected to be provided substantially through the operation or sale of collateral, where the borrower is also experiencing financial difficulty, the following tables present the loans by class of financing receivable.
September 30, 2025
Type of Collateral
Real EstateLandBusiness AssetsTotal
Commercial and industrial$1,303 $— $23,630 $24,933 
Construction30,001 1,653 — 31,654 
Residential real estate:
1-to-4 family mortgage3,925 — — 3,925 
Multi-family mortgage8,715 — — 8,715 
Commercial real estate:
Owner occupied1,096 6,041 1,664 8,801 
Non-owner occupied16,048 — — 16,048 
Total$61,088 $7,694 $25,294 $94,076 
December 31, 2024
Type of Collateral
Real EstateLandBusiness AssetsTotal
Commercial and industrial$— $— $8,492 $8,492 
Construction22,047 1,653 — 23,700 
Residential real estate:
1-to-4 family mortgage1,843 — — 1,843 
Residential line of credit148 — — 148 
Multi-family mortgage9,919 — — 9,919 
Commercial real estate:
Owner occupied— 6,415 — 6,415 
Non-owner occupied6,886 — — 6,886 
Total$40,843 $8,068 $8,492 $57,403 
Schedule of Changes in Allowance for Credit Losses on Loans HFI by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and nine months ended September 30, 2025 and 2024:
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended September 30, 2025
Beginning balance -
June 30, 2025
$20,271 $21,848 $30,262 $8,671 $10,894 $11,939 $26,303 $18,760 $148,948 
Initial allowance on loans
  purchased with
  deteriorated credit quality		1,959 298 64 31 159 1,515 3,418 74 7,518 
Loans charged off(100)(399)(322)— — — — (888)(1,709)
Recoveries of loans
previously charged-off
12 — 6 11 — 4 — 246 279 
Provision for credit losses
   on loans HFI		3,933 6,110 3,049 1,745 762 6,902 04,352 3,104 29,957 
Ending balance -
September 30, 2025
$26,075 $27,857 $33,059 $10,458 $11,815 $20,360 $34,073 $21,296 $184,993 
Nine Months Ended September 30, 2025
Beginning balance -
December 31, 2024
$16,667 $31,698 $25,340 $10,952 $10,512 $11,993 $25,531 $19,249 $151,942 
Initial allowance on loans
   purchased with
   deteriorated credit quality		1,959 298 64 31 159 1,515 3,418 74 7,518 
Loans charged-off(3,071)(399)(758)— — (17)— (2,811)(7,056)
Recoveries of loans
previously charged-off
227 — 26 12 — 34 529 1,000 1,828 
Impact of change in
    accounting estimate for
    current expected credit
    losses		3,504 (4,705)2,717 (3,428)258 (1,074)(1,747)(2,373)(6,848)
Provision for credit losses
   on loans HFI		6,789 965 5,670 2,891 886 7,909 6,342 6,157 37,609 
Ending balance -
September 30, 2025
$26,075 $27,857 $33,059 $10,458 $11,815 $20,360 $34,073 $21,296 $184,993 
 Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended September 30, 2024
Beginning balance -
June 30, 2024
$22,530 $34,170 $25,631 $10,097 $8,810 $11,312 $24,543 $17,962 $155,055 
Loans charged off(90)— (2)(53)— — — (770)(915)
Recoveries of loans
previously charged-off
23 — 9 18 — 12 — 202 264 
Provision for (reversal of)
    credit losses on loans
    HFI		1,670 (3,612)341 662 834 243 98 1,620 1,856 
Ending balance -
September 30, 2024
$24,133 $30,558 $25,979 $10,724 $9,644 $11,567 $24,641 $19,014 $156,260 
Nine Months Ended September 30, 2024 
Beginning balance -
December 31, 2023
$19,599 $35,372 $26,505 $9,468 $8,842 $10,653 $22,965 $16,922 $150,326 
Loans charged-off(159)(92)(295)(73)— — — (2,136)(2,755)
Recoveries of loans
previously charged-off
57 — 75 18 — 240 — 651 1,041 
Provision for (reversal of)
    credit losses on loans
    HFI		4,636 (4,722)(306)1,311 802 674 1,676 3,577 7,648 
Ending balance -
  September 30, 2024		$24,133 $30,558 $25,979 $10,724 $9,644 $11,567 $24,641 $19,014 $156,260