Loans Held-for-Investment and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Loans Held-for-Investment by Portfolio Segment

Loans held-for-investment by portfolio segment are as follows (dollars in thousands):

	June 30,						December 31,
	2025			2024			2024
Commercial:
C&I	$	1,202,151		$	1,141,990		$	1,176,993
Municipal		306,140			359,124			369,246
Total Commercial		1,508,291			1,501,114			1,546,239
Agricultural		86,133			86,186			95,543
Real Estate:
Construction & Development		1,172,834			986,394			1,054,603
Farm		302,969			318,597			339,665
Non-Owner Occupied CRE		746,341			815,713			805,566
Owner Occupied CRE		1,124,610			1,049,715			1,083,100
Residential		2,286,220			1,990,604			2,196,767
Total Real Estate		5,632,974			5,161,023			5,479,701
Consumer:
Auto		698,897			615,192			638,560
Non-Auto		148,649			156,218			153,055
Total Consumer		847,546			771,410			791,615
Total Loans		8,074,944			7,519,733			7,913,098
Less: Allowance for credit losses		(102,792	)		(95,170	)		(98,325	)
Loans, net	$	7,972,152		$	7,424,563		$	7,814,773

Non-Accrual Loans and Loans Still Accruing and Past Due 90 Days or More

The Company’s nonaccrual loans and loans still accruing and past due 90 days or more are as follows (dollars in thousands):

	June 30,				December 31,
	2025		2024		2024
Nonaccrual loans	$	63,142	$	60,311	$	61,938
Loans still accruing and past due 90 days or more		77		231		287
Total nonperforming loans	$	63,219	$	60,542	$	62,225

Schedule of Non-Accrual Loans

Nonaccrual loans at June 30, 2025 and 2024, and December 31, 2024, consisted of the following (dollars in thousands):

	June 30,				December 31,
	2025		2024		2024
Commercial:
C&I	$	3,091	$	4,080	$	3,984
Municipal		17		—		—
Total Commercial		3,108		4,080		3,984
Agricultural		2,434		2,028		1,209
Real Estate:
Construction & Development		3,269		1,679		1,141
Farm		5,171		4,299		4,176
Non-Owner Occupied CRE		9,707		9,615		11,062
Owner Occupied CRE		27,337		31,606		30,074
Residential		11,073		5,984		9,348
Total Real Estate		56,557		53,183		55,801
Consumer:
Auto		833		710		638
Non-Auto		210		310		306
Total Consumer		1,043		1,020		944
Total	$	63,142	$	60,311	$	61,938

Changes in Allowance for Loan Losses

Summary information on the allowance for credit losses for the three and six-months ended June 30, 2025 and 2024, are outlined by portfolio segment in the following tables (dollars in thousands):

Three-Months Ended June 30, 2025	C&I			Municipal		Agricultural			Construction & Development			Farm
Beginning balance	$	15,592		$	360	$	1,564		$	19,717		$	2,919
Provision for loan losses		2,502			1		(665	)		2,368			(135	)
Recoveries		100			—		38			2			—
Charge-offs		(320	)		—		—			(40	)		—
Ending balance	$	17,874		$	361	$	937		$	22,047		$	2,784

Three-Months Ended June 30, 2025 (continued)	Non-Owner Occupied CRE			Owner Occupied CRE			Residential			Auto			Non-Auto			Total
Beginning balance	$	15,709		$	21,492		$	21,739		$	1,495		$	493		$	101,080
Provision for loan losses		(1,456	)		(239	)		(130	)		199			(13	)		2,432
Recoveries		5			5			22			129			168			469
Charge-offs		(250	)		—			(154	)		(277	)		(148	)		(1,189	)
Ending balance	$	14,008		$	21,258		$	21,477		$	1,546		$	500		$	102,792

Three-Months Ended June 30, 2024	C&I			Municipal		Agricultural			Construction & Development			Farm
Beginning balance	$	16,106		$	195	$	3,243		$	24,811		$	2,517
Provision for loan losses		(790	)		44		(1,359	)		(1,300	)		385
Recoveries		177			—		46			—			—
Charge-offs		(242	)		—		1			—			—
Ending balance	$	15,251		$	239	$	1,931		$	23,511		$	2,902

Three-Months Ended June 30, 2024 (continued)	Non-Owner Occupied CRE			Owner Occupied CRE		Residential			Auto			Non-Auto			Total
Beginning balance	$	14,968		$	12,756	$	13,565		$	907		$	494		$	89,562
Provision for loan losses		(1,951	)		8,260		2,112			406			103			5,910
Recoveries		24			38		2			89			24			400
Charge-offs		(13	)		—		(11	)		(329	)		(108	)		(702	)
Ending balance	$	13,028		$	21,054	$	15,668		$	1,073		$	513		$	95,170

Six-Months Ended June 30, 2025	C&I			Municipal		Agricultural			Construction & Development			Farm
Beginning balance	$	15,436		$	200	$	1,653		$	19,861		$	2,871
Provision for loan losses		2,656			161		(790	)		2,224			(88	)
Recoveries		193			—		74			2			1
Charge-offs		(411	)		—		—			(40	)		—
Ending balance	$	17,874		$	361	$	937		$	22,047		$	2,784

Six-Months Ended June 30, 2025 (continued)	Non-Owner Occupied CRE			Owner Occupied CRE			Residential			Auto			Non- Auto			Total
Beginning balance	$	14,664		$	21,413		$	20,488		$	1,186		$	553		$	98,325
Provision for loan losses		(414	)		(287	)		1,368			649			(56	)		5,423
Recoveries		8			307			25			327			242			1,179
Charge-offs		(250	)		(175	)		(404	)		(616	)		(239	)		(2,135	)
Ending balance	$	14,008		$	21,258		$	21,477		$	1,546		$	500		$	102,792

Six-Months Ended June 30, 2024	C&I			Municipal		Agricultural			Construction & Development			Farm
Beginning balance	$	15,698		$	195	$	1,281		$	28,553		$	2,914
Provision for loan losses		(289	)		44		658			(5,009	)		(12	)
Recoveries		288			—		51			—			—
Charge-offs		(446	)		—		(59	)		(33	)		—
Ending balance	$	15,251		$	239	$	1,931		$	23,511		$	2,902

Six-Months Ended June 30, 2024 (continued)	Non-Owner Occupied CRE			Owner Occupied CRE		Residential			Auto			Non- Auto			Total
Beginning balance	$	13,425		$	13,813	$	11,654		$	810		$	391		$	88,734
Provision for loan losses		(415	)		7,161		3,925			790			313			7,166
Recoveries		31			80		100			201			71			822
Charge-offs		(13	)		—		(11	)		(728	)		(262	)		(1,552	)
Ending balance	$	13,028		$	21,054	$	15,668		$	1,073		$	513		$	95,170

Schedule of loans that are individually evaluated for credit losses

The Company’s loans that are individually evaluated for credit losses (both collateral and non-collateral dependent) and their related allowances as of June 30, 2025 and 2024, and December 31, 2024, are summarized in the following tables by loan segment (dollars in thousands):

June 30, 2025	Collateral Dependent Loans Individually Evaluated for Credit Losses Without an Allowance		Collateral Dependent Loans Individually Evaluated for Credit Losses With an Allowance		Non-Collateral Dependent Loans Individually Evaluated for Credit Losses		Total Loans Individually Evaluated for Credit Losses		Related Allowance on Collateral Dependent Loans		Related Allowance on Non-Collateral Dependent Loans		Total Allowance for Credit Losses on Loans Individually Evaluated for Credit Losses
Commercial:
C&I	$	115	$	2,976	$	37,718	$	40,809	$	896	$	6,261	$	7,157
Municipal		—		17		9,434		9,451		—		162		162
Total Commercial		115		2,993		47,152		50,260		896		6,423		7,319
Agricultural		474		1,960		519		2,953		340		172		512
Real Estate:
Construction & Development		1,767		1,502		13,351		16,620		190		1,250		1,440
Farm		1,190		3,981		5,150		10,321		282		280		562
Non-Owner Occupied CRE		7,052		2,655		30,419		40,126		1,117		2,856		3,973
Owner Occupied CRE		16,259		11,078		45,677		73,014		4,562		2,350		6,912
Residential		3,401		7,672		48,039		59,112		1,084		2,721		3,805
Total Real Estate		29,669		26,888		142,636		199,193		7,235		9,457		16,692
Consumer:
Auto		—		833		2,788		3,621		2		6		8
Non-Auto		—		210		828		1,038		1		2		3
Total Consumer		—		1,043		3,616		4,659		3		8		11
Total	$	30,258	$	32,884	$	193,923	$	257,065	$	8,474	$	16,060	$	24,534

June 30, 2024	Collateral Dependent Loans Individually Evaluated for Credit Losses Without an Allowance		Collateral Dependent Loans Individually Evaluated for Credit Losses With an Allowance		Non-Collateral Dependent Loans Individually Evaluated for Credit Losses		Total Loans Individually Evaluated for Credit Losses		Related Allowance on Collateral Dependent Loans		Related Allowance on Non-Collateral Dependent Loans		Total Allowance for Credit Losses on Loans Individually Evaluated for Credit Losses
Commercial:
C&I	$	1,070	$	3,010	$	38,462	$	42,542	$	1,166	$	3,664	$	4,830
Municipal		—		—		559		559		—		—		—
Total Commercial		1,070		3,010		39,021		43,101		1,166		3,664		4,830
Agricultural		714		1,314		968		2,996		1,025		380		1,405
Real Estate:
Construction & Development		1,104		575		25,002		26,681		57		1,751		1,808
Farm		—		4,299		5,496		9,795		429		454		883
Non-Owner Occupied CRE		2,327		7,288		20,881		30,496		1,150		1,777		2,927
Owner Occupied CRE		2,316		29,290		35,847		67,453		5,566		3,018		8,584
Residential		2,820		3,164		28,659		34,643		245		1,503		1,748
Total Real Estate		8,567		44,616		115,885		169,068		7,447		8,503		15,950
Consumer:
Auto		—		710		2,373		3,083		1		5		6
Non-Auto		—		310		705		1,015		65		54		119
Total Consumer		—		1,020		3,078		4,098		66		59		125
Total	$	10,351	$	49,960	$	158,952	$	219,263	$	9,704	$	12,606	$	22,310

December 31, 2024	Collateral Dependent Loans Individually Evaluated for Credit Losses Without an Allowance		Collateral Dependent Loans Individually Evaluated for Credit Losses With an Allowance		Non-Collateral Dependent Loans Individually Evaluated for Credit Losses		Total Loans Individually Evaluated for Credit Losses		Related Allowance on Collateral Dependent Loans		Related Allowance on Non-Collateral Dependent Loans		Total Allowance for Credit Losses on Loans Individually Evaluated for Credit Losses
Commercial:
C&I	$	854	$	3,130	$	25,778	$	29,762	$	1,463	$	3,042	$	4,505
Municipal		—		—		409		409		—		—		—
Total Commercial		854		3,130		26,187		30,171		1,463		3,042		4,505
Agricultural		743		466		3,002		4,211		220		945		1,165
Real Estate:
Construction & Development		732		409		10,033		11,174		26		465		491
Farm		412		3,764		6,412		10,588		23		427		450
Non-Owner Occupied CRE		6,668		4,394		28,832		39,894		1,406		2,852		4,258
Owner Occupied CRE		2,186		27,888		49,396		79,470		5,727		2,431		8,158
Residential		3,859		5,489		44,311		53,659		1,343		2,317		3,660
Total Real Estate		13,857		41,944		138,984		194,785		8,525		8,492		17,017
Consumer:
Auto		—		638		2,941		3,579		1		5		6
Non-Auto		—		306		799		1,105		51		73		124
Total Consumer		—		944		3,740		4,684		52		78		130
Total	$	15,454	$	46,484	$	171,913	$	233,851	$	10,260	$	12,557	$	22,817

Schedule of Allowance for Loan Losses by Portfolio Segment

The Company’s allowance for loans that are individually evaluated for credit losses and collectively evaluated for credit losses as of June 30, 2025 and 2024, and December 31, 2024, are summarized in the following table by loan segment (dollars in thousands). Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

June 30, 2025	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	7,157	$	162	$	512	$	1,440	$	562
Loans collectively evaluated for credit losses		10,717		199		425		20,607		2,222
Total	$	17,874	$	361	$	937	$	22,047	$	2,784

June 30, 2025 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	3,973	$	6,912	$	3,805	$	8	$	3	$	24,534
Loans collectively evaluated for credit losses		10,035		14,346		17,672		1,538		497		78,258
Total	$	14,008	$	21,258	$	21,477	$	1,546	$	500	$	102,792

June 30, 2024	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	4,830	$	—	$	1,405	$	1,808	$	883
Loans collectively evaluated for credit losses		10,421		239		526		21,703		2,019
Total	$	15,251	$	239	$	1,931	$	23,511	$	2,902

June 30, 2024 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	2,927	$	8,584	$	1,748	$	6	$	119	$	22,310
Loans collectively evaluated for credit losses		10,101		12,470		13,920		1,067		394		72,860
Total	$	13,028	$	21,054	$	15,668	$	1,073	$	513	$	95,170

December 31, 2024	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	4,505	$	—	$	1,165	$	491	$	450
Loans collectively evaluated for credit losses		10,931		200		488		19,370		2,421
Total	$	15,436	$	200	$	1,653	$	19,861	$	2,871

December 31, 2024 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	4,258	$	8,158	$	3,660	$	6	$	124	$	22,817
Loans collectively evaluated for credit losses		10,406		13,255		16,828		1,180		429		75,508
Total	$	14,664	$	21,413	$	20,488	$	1,186	$	553	$	98,325

Schedule of Investment in Loans Related to Balance in Allowance for Loan Losses on Basis of Company's Impairment Methodology

The Company’s recorded investment in loans as of June 30, 2025 and 2024, and December 31, 2024, related to the balance in the allowance for credit losses follows below (dollars in thousands):

June 30, 2025	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	40,809	$	9,451	$	2,953	$	16,620	$	10,321
Loans collectively evaluated for credit losses		1,161,342		296,689		83,180		1,156,214		292,648
Total	$	1,202,151	$	306,140	$	86,133	$	1,172,834	$	302,969

June 30, 2025 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	40,126	$	73,014	$	59,112	$	3,621	$	1,038	$	257,065
Loans collectively evaluated for credit losses		706,215		1,051,596		2,227,108		695,276		147,611		7,817,879
Total	$	746,341	$	1,124,610	$	2,286,220	$	698,897	$	148,649	$	8,074,944

June 30, 2024	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	42,542	$	559	$	2,996	$	26,681	$	9,795
Loans collectively evaluated for credit losses		1,099,448		358,565		83,190		959,713		308,802
Total	$	1,141,990	$	359,124	$	86,186	$	986,394	$	318,597

June 30, 2024 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	30,496	$	67,453	$	34,643	$	3,083	$	1,015	$	219,263
Loans collectively evaluated for credit losses		785,217		982,262		1,955,961		612,109		155,203		7,300,470
Total	$	815,713	$	1,049,715	$	1,990,604	$	615,192	$	156,218	$	7,519,733

December 31, 2024	C&I		Municipal		Agricultural		Construction & Development		Farm
Loans individually evaluated for credit losses	$	29,762	$	409	$	4,211	$	11,174	$	10,588
Loans collectively evaluated for credit losses		1,147,231		368,837		91,332		1,043,429		329,077
Total	$	1,176,993	$	369,246	$	95,543	$	1,054,603	$	339,665

December 31, 2024 (continued)	Non-Owner Occupied CRE		Owner Occupied CRE		Residential		Auto		Non-Auto		Total
Loans individually evaluated for credit losses	$	39,894	$	79,470	$	53,659	$	3,579	$	1,105	$	233,851
Loans collectively evaluated for credit losses		765,672		1,003,630		2,143,108		634,981		151,950		7,679,247
Total	$	805,566	$	1,083,100	$	2,196,767	$	638,560	$	153,055	$	7,913,098

Schedule of Company's Internal Ratings of its Loans Held-for-Investment, Including The Year of Origination, by Portfolio Segments

The following summarizes the Company’s internal ratings of its loans held-for-investment, including the year of origination, by portfolio segments, at June 30, 2025 (dollars in millions):

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
C&I
Risk rating:
Pass	$	417	$	409	$	161	$	107	$	27	$	40	$	—	$	1,161
Special mention		7		2		1		1		13		1		—		25
Substandard		8		2		3		3		—		—		—		16
Doubtful		—		—		—		—		—		—		—		—
Total	$	432	$	413	$	165	$	111	$	40	$	41	$	—	$	1,202
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Municipal
Risk rating:
Pass	$	28	$	96	$	25	$	73	$	11	$	63	$	—	$	296
Special mention		—		—		—		1		—		9		—		10
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	28	$	96	$	25	$	74	$	11	$	72	$	—	$	306
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural
Risk rating:
Pass	$	42	$	33	$	4	$	3	$	1	$	—	$	—	$	83
Special mention		—		—		—		—		—		—		—		—
Substandard		—		2		—		1		—		—		—		3
Doubtful		—		—		—		—		—		—		—		—
Total	$	42	$	35	$	4	$	4	$	1	$	—	$	—	$	86
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Construction & Development
Risk rating:
Pass	$	383	$	462	$	110	$	132	$	51	$	17	$	1	$	1,156
Special mention		—		—		—		—		—		—		—		—
Substandard		6		8		1		1		1		—		—		17
Doubtful		—		—		—		—		—		—		—		—
Total	$	389	$	470	$	111	$	133	$	52	$	17	$	1	$	1,173
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Farm
Risk rating:
Pass	$	35	$	70	$	37	$	59	$	56	$	36	$	—	$	293
Special mention		—		—		—		—		—		—		—		—
Substandard		—		1		—		4		1		4		—		10
Doubtful		—		—		—		—		—		—		—		—
Total	$	35	$	71	$	37	$	63	$	57	$	40	$	—	$	303
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Owner Occupied CRE
Risk rating:
Pass	$	77	$	111	$	72	$	213	$	120	$	113	$	—	$	706
Special mention		—		—		2		3		3		1		—		9
Substandard		13		1		1		3		9		4		—		31
Doubtful		—		—		—		—		—		—		—		—
Total	$	90	$	112	$	75	$	219	$	132	$	118	$	—	$	746
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Owner Occupied CRE
Risk rating:
Pass	$	116	$	161	$	119	$	264	$	166	$	226	$	—	$	1,052
Special mention		—		2		—		—		7		1		—		10
Substandard		1		5		8		31		10		8		—		63
Doubtful		—		—		—		—		—		—		—		—
Total	$	117	$	168	$	127	$	295	$	183	$	235	$	—	$	1,125
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Residential
Risk rating:
Pass	$	296	$	478	$	327	$	365	$	240	$	303	$	218	$	2,227
Special mention		—		2		1		1		2		2		—		8
Substandard		2		8		8		12		4		14		3		51
Doubtful		—		—		—		—		—		—		—		—
Total	$	298	$	488	$	336	$	378	$	246	$	319	$	221	$	2,286
Year-to-Date Gross Charge-Offs	$	—	$	—	$	1	$	—	$	—	$	—	$	—	$	1

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Auto
Risk rating:
Pass	$	210	$	273	$	91	$	91	$	25	$	6	$	—	$	696
Special mention		—		—		—		—		—		—		—		—
Substandard		—		1		1		1		—		—		—		3
Doubtful		—		—		—		—		—		—		—		—
Total	$	210	$	274	$	92	$	92	$	25	$	6	$	—	$	699
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	1	$	—	$	—	$	—	$	1

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Auto
Risk rating:
Pass	$	40	$	47	$	24	$	19	$	8	$	2	$	8	$	148
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		1		—		—		—		1
Doubtful		—		—		—		—		—		—		—		—
Total	$	40	$	47	$	24	$	20	$	8	$	2	$	8	$	149
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
Total Loans
Risk rating:
Pass	$	1,644	$	2,140	$	970	$	1,326	$	705	$	806	$	227	$	7,818
Special mention		7		6		4		6		25		14		—		62
Substandard		30		28		22		57		25		30		3		195
Doubtful		—		—		—		—		—		—		—		—
Total	$	1,681	$	2,174	$	996	$	1,389	$	755	$	850	$	230	$	8,075
Year-to-Date Gross Charge-Offs	$	—	$	—	$	1	$	1	$	—	$	—	$	—	$	2

The following summarizes the Company’s internal ratings of its loans held-for-investment, including the year of origination, by portfolio segments, at June 30, 2024 (dollars in millions):

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
C&I
Risk rating:
Pass	$	340	$	431	$	201	$	65	$	29	$	33	$	—	$	1,099
Special mention		22		—		—		—		—		—		—		22
Substandard		11		3		2		2		1		2		—		21
Doubtful		—		—		—		—		—		—		—		—
Total	$	373	$	434	$	203	$	67	$	30	$	35	$	—	$	1,142
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	1

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Municipal
Risk rating:
Pass	$	148	$	31	$	80	$	14	$	9	$	76	$	—	$	358
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		1		—		—		—		1
Doubtful		—		—		—		—		—		—		—		—
Total	$	148	$	31	$	80	$	15	$	9	$	76	$	—	$	359
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural
Risk rating:
Pass	$	38	$	36	$	5	$	3	$	1	$	—	$	—	$	83
Special mention		—		—		—		—		—		—		—		—
Substandard		3		—		—		—		—		—		—		3
Doubtful		—		—		—		—		—		—		—		—
Total	$	41	$	36	$	5	$	3	$	1	$	—	$	—	$	86
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Construction & Development
Risk rating:
Pass	$	304	$	350	$	215	$	60	$	17	$	13	$	—	$	959
Special mention		6		2		2		—		—		—		—		10
Substandard		7		3		1		6		—		—		—		17
Doubtful		—		—		—		—		—		—		—		—
Total	$	317	$	355	$	218	$	66	$	17	$	13	$	—	$	986
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Farm
Risk rating:
Pass	$	63	$	51	$	78	$	68	$	22	$	27	$	—	$	309
Special mention		—		—		—		—		—		—		—		—
Substandard		—		1		4		—		5		—		—		10
Doubtful		—		—		—		—		—		—		—		—
Total	$	63	$	52	$	82	$	68	$	27	$	27	$	—	$	319
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Owner Occupied CRE
Risk rating:
Pass	$	118	$	88	$	241	$	165	$	72	$	102	$	—	$	786
Special mention		—		—		—		1		—		3		—		4
Substandard		1		1		1		3		5		15		—		26
Doubtful		—		—		—		—		—		—		—		—
Total	$	119	$	89	$	242	$	169	$	77	$	120	$	—	$	816
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Owner Occupied CRE
Risk rating:
Pass	$	62	$	148	$	293	$	200	$	105	$	175	$	—	$	983
Special mention		2		1		—		8		—		2		—		13
Substandard		1		2		32		4		2		13		—		54
Doubtful		—		—		—		—		—		—		—		—
Total	$	65	$	151	$	325	$	212	$	107	$	190	$	—	$	1,050
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Residential
Risk rating:
Pass	$	286	$	409	$	407	$	292	$	143	$	264	$	155	$	1,956
Special mention		—		1		2		2		1		2		1		9
Substandard		1		4		4		2		3		9		3		26
Doubtful		—		—		—		—		—		—		—		—
Total	$	287	$	414	$	413	$	296	$	147	$	275	$	159	$	1,991
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Auto
Risk rating:
Pass	$	215	$	155	$	166	$	53	$	17	$	6	$	—	$	612
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		1		2		—		—		—		3
Doubtful		—		—		—		—		—		—		—		—
Total	$	215	$	155	$	167	$	55	$	17	$	6	$	—	$	615
Year-to-Date Gross Charge-Offs	$	—	$	—	$	1	$	—	$	—	$	—	$	—	$	1

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Auto
Risk rating:
Pass	$	41	$	50	$	35	$	17	$	3	$	1	$	8	$	155
Special mention		—		—		—		—		—		—		—		—
Substandard		—		1		—		—		—		—		—		1
Doubtful		—		—		—		—		—		—		—		—
Total	$	41	$	51	$	35	$	17	$	3	$	1	$	8	$	156
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Total Loans
Risk rating:
Pass	$	1,615	$	1,749	$	1,721	$	937	$	418	$	697	$	163	$	7,300
Special mention		30		4		4		11		1		7		1		58
Substandard		24		15		45		20		16		39		3		162
Doubtful		—		—		—		—		—		—		—		—
Total	$	1,669	$	1,768	$	1,770	$	968	$	435	$	743	$	167	$	7,520
Year-to-Date Gross Charge-Offs	$	—	$	—	$	1	$	—	$	—	$	1	$	—	$	2

The following summarizes the Company’s internal ratings of its loans held-for-investment, including the year of origination, by portfolio segments, at December 31, 2024 (dollars in millions):

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
C&I
Risk rating:
Pass	$	677	$	226	$	146	$	45	$	23	$	30	$	—	$	1,147
Special mention		7		—		1		—		1		—		—		9
Substandard		12		3		4		1		—		1		—		21
Doubtful		—		—		—		—		—		—		—		—
Total	$	696	$	229	$	151	$	46	$	24	$	31	$	—	$	1,177
Year-to-Date Gross Charge-Offs	$	—	$	1	$	—	$	—	$	—	$	—	$	—	$	1

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Municipal
Risk rating:
Pass	$	175	$	26	$	77	$	12	$	8	$	71	$	—	$	369
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total	$	175	$	26	$	77	$	12	$	8	$	71	$	—	$	369
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Agricultural
Risk rating:
Pass	$	76	$	8	$	4	$	2	$	1	$	—	$	—	$	91
Special mention		—		—		—		—		—		—		—		—
Substandard		3		—		1		—		—		—		—		4
Doubtful		—		—		—		—		—		—		—		—
Total	$	79	$	8	$	5	$	2	$	1	$	—	$	—	$	95
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Construction & Development
Risk rating:
Pass	$	667	$	133	$	166	$	55	$	14	$	8	$	1	$	1,044
Special mention		1		—		—		—		—		—		—		1
Substandard		7		1		1		1		—		—		—		10
Doubtful		—		—		—		—		—		—		—		—
Total	$	675	$	134	$	167	$	56	$	14	$	8	$	1	$	1,055
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Farm
Risk rating:
Pass	$	114	$	42	$	72	$	60	$	18	$	23	$	—	$	329
Special mention		—		—		—		—		—		—		—		—
Substandard		1		1		4		—		4		1		—		11
Doubtful		—		—		—		—		—		—		—		—
Total	$	115	$	43	$	76	$	60	$	22	$	24	$	—	$	340
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Owner Occupied CRE
Risk rating:
Pass	$	166	$	86	$	242	$	133	$	58	$	81	$	—	$	766
Special mention		4		2		1		1		—		1		—		9
Substandard		10		2		3		6		7		3		—		31
Doubtful		—		—		—		—		—		—		—		—
Total	$	180	$	90	$	246	$	140	$	65	$	85	$	—	$	806
Year-to-Date Gross Charge-Offs	$	—	$	1	$	—	$	—	$	—	$	—	$	—	$	1

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Owner Occupied CRE
Risk rating:
Pass	$	170	$	128	$	270	$	177	$	99	$	160	$	—	$	1,004
Special mention		2		—		5		7		—		1		—		15
Substandard		1		14		30		10		1		8		—		64
Doubtful		—		—		—		—		—		—		—		—
Total	$	173	$	142	$	305	$	194	$	100	$	169	$	—	$	1,083
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Residential
Risk rating:
Pass	$	606	$	367	$	378	$	266	$	105	$	232	$	188	$	2,142
Special mention		1		1		1		3		—		2		—		8
Substandard		5		7		12		4		4		12		2		46
Doubtful		—		—		—		—		—		—		—		—
Total	$	612	$	375	$	391	$	273	$	109	$	246	$	190	$	2,196
Year-to-Date Gross Charge-Offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Auto
Risk rating:
Pass	$	338	$	122	$	126	$	38	$	10	$	2	$	—	$	636
Special mention		—		—		—		—		—		—		—		—
Substandard		1		1		1		1		—		—		—		4
Doubtful		—		—		—		—		—		—		—		—
Total	$	339	$	123	$	127	$	39	$	10	$	2	$	—	$	640
Year-to-Date Gross Charge-Offs	$	—	$	1	$	1	$	—	$	—	$	—	$	—	$	2

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Non-Auto
Risk rating:
Pass	$	68	$	35	$	25	$	14	$	2	$	1	$	7	$	152
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		1		—		—		—		—		1
Doubtful		—		—		—		—		—		—		—		—
Total	$	68	$	35	$	26	$	14	$	2	$	1	$	7	$	153
Year-to-Date Gross Charge-Offs	$	—	$	—	$	1	$	—	$	—	$	—	$	—	$	1

December 31,	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
Total Loans
Risk rating:
Pass	$	3,057	$	1,173	$	1,506	$	802	$	338	$	608	$	196	$	7,680
Special mention		15		3		8		11		1		4		—		42
Substandard		40		29		57		23		16		25		2		192
Doubtful		—		—		—		—		—		—		—		—
Total	$	3,112	$	1,205	$	1,571	$	836	$	355	$	637	$	198	$	7,914
Year-to-Date Gross Charge-Offs	$	—	$	3	$	2	$	—	$	—	$	—	$	—	$	5

Schedule of Past Due Loans

At June 30, 2025 and 2024, and December 31, 2024, the Company’s past due loans are as follows (dollars in thousands):

June 30, 2025	15-59 Days Past Due*		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		90 Days Past Due Still Accruing
Commercial:
C&I	$	2,130	$	2,710	$	1,322	$	6,162	$	1,195,989	$	1,202,151	$	—
Municipal		225		—		—		225		305,915		306,140		—
Total Commercial		2,355		2,710		1,322		6,387		1,501,904		1,508,291		—
Agricultural		1,797		—		1,409		3,206		82,927		86,133		—
Real Estate:
Construction & Development		3,870		1,878		1,819		7,567		1,165,267		1,172,834		—
Farm		805		—		823		1,628		301,341		302,969		—
Non-Owner Occupied CRE		512		30		1,415		1,957		744,384		746,341		—
Owner Occupied CRE		1,083		162		1,034		2,279		1,122,331		1,124,610		77
Residential		16,316		2,989		2,006		21,311		2,264,909		2,286,220		—
Total Real Estate		22,586		5,059		7,097		34,742		5,598,232		5,632,974		77
Consumer:
Auto		1,162		82		22		1,266		697,631		698,897		—
Non-Auto		377		25		5		407		148,242		148,649		—
Total Consumer		1,539		107		27		1,673		845,873		847,546		—
Total	$	28,277	$	7,876	$	9,855	$	46,008	$	8,028,936	$	8,074,944	$	77

June 30, 2024	15-59 Days Past Due*		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		90 Days Past Due Still Accruing
Commercial:
C&I	$	4,953	$	593	$	1,060	$	6,606	$	1,135,384	$	1,141,990	$	—
Municipal		82		—		—		82		359,042		359,124		—
Total Commercial		5,035		593		1,060		6,688		1,494,426		1,501,114		—
Agricultural		1,158		997		119		2,274		83,912		86,186		—
Real Estate:
Construction & Development		11,086		1,144		545		12,775		973,619		986,394		—
Farm		2,055		—		95		2,150		316,447		318,597		95
Non-Owner Occupied CRE		2,208		—		—		2,208		813,505		815,713		—
Owner Occupied CRE		3,478		27		1,335		4,840		1,044,875		1,049,715		—
Residential		14,705		1,416		1,369		17,490		1,973,114		1,990,604		—
Total Real Estate		33,532		2,587		3,344		39,463		5,121,560		5,161,023		95
Consumer:
Auto		1,063		361		13		1,437		613,755		615,192		1
Non-Auto		354		135		149		638		155,580		156,218		135
Total Consumer		1,417		496		162		2,075		769,335		771,410		136
Total	$	41,142	$	4,673	$	4,685	$	50,500	$	7,469,233	$	7,519,733	$	231

December 31, 2024	15-59 Days Past Due*		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		90 Days Past Due Still Accruing
Commercial:
C&I	$	4,232	$	3,938	$	1,368	$	9,538	$	1,167,455	$	1,176,993	$	258
Municipal		349		36		—		385		368,861		369,246		—
Total Commercial		4,581		3,974		1,368		9,923		1,536,316		1,546,239		258
Agricultural		917		10		795		1,722		93,821		95,543		—
Real Estate:
Construction & Development		5,652		564		609		6,825		1,047,778		1,054,603		—
Farm		433		1,128		—		1,561		338,104		339,665		—
Non-Owner Occupied CRE		666		—		1,979		2,645		802,921		805,566		—
Owner Occupied CRE		3,151		246		1,145		4,542		1,078,558		1,083,100		—
Residential		15,779		2,131		2,147		20,057		2,176,710		2,196,767		29
Total Real Estate		25,681		4,069		5,880		35,630		5,444,071		5,479,701		29
Consumer:
Auto		1,227		141		—		1,368		637,192		638,560		—
Non-Auto		137		34		—		171		152,884		153,055		—
Total Consumer		1,364		175		—		1,539		790,076		791,615		—
Total	$	32,543	$	8,228	$	8,043	$	48,814	$	7,864,284	$	7,913,098	$	287

* The Company monitors commercial, agricultural and real estate loans after such loans are 15 days past due. Consumer loans are monitored after such loans are 30 days past due.