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Loans (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Loan Portfolio Segments and Classes
The table below identifies the Company’s loan portfolio segments and classes.
Portfolio SegmentClass of Financing Receivable
CommercialOwner occupied real estate
Non-owner occupied real estate
Residential spec homes
Development & spec land
Commercial and industrial
Residential real estateResidential mortgage
Residential construction
ConsumerInstallment
Indirect auto
Home equity
Schedule of Loans Outstanding By Portfolio Class
The following table presents outstanding loans held for investment by portfolio class, as of March 31, 2025 and December 31, 2024:
March 31,
2025		December 31,
2024
Commercial
Owner occupied real estate$686,043 $667,165 
Non–owner occupied real estate1,541,293 1,501,456 
Residential spec homes16,961 15,611 
Development & spec land18,613 18,627 
Commercial and industrial918,541 875,297 
Total commercial3,181,451 3,078,156 
Real estate
Residential mortgage781,507 783,961 
Residential construction20,219 18,948 
Total real estate801,726 802,909 
Consumer
Direct installment92,323 97,190 
Indirect installment267,718 303,901 
Home equity566,597 564,884 
Total consumer926,638 965,975 
Total loans4,909,815 4,847,040 
Allowance for credit losses(52,654)(51,980)
Net loans$4,857,161 $4,795,060 
Schedule of Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans at March 31, 2025:

March 31, 2025
Total Non-accrualLoans Past Due Over 90 Days Still AccruingNon-accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$4,541 $239 $1,475 
Non–owner occupied real estate433 — 433 
Residential spec homes— — — 
Development & spec land537 — 537 
Commercial and industrial2,661 95 1,635 
Total commercial8,172 334 4,080 
Real estate
Residential mortgage12,763 — — 
Residential construction— — — 
Total real estate12,763 — — 
Consumer
Direct installment264 327 — 
Indirect installment1,586 130 — 
Home equity6,025 791 — 
Total consumer7,875 1,248 — 
Total$28,810 $1,582 $4,080 
The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loan at December 31, 2024:

December 31, 2024
Total Non-accrualLoans Past Due Over 90 Days Still AccruingNon-accruing Loans with no Allowance for Credit Losses
Commercial
Owner occupied real estate$2,448 $— $1,419 
Non–owner occupied real estate444 — 444 
Residential spec homes— — — 
Development & spec land534 — 534 
Commercial and industrial2,232 — 1,239 
Total commercial5,658 — 3,636 
Real estate
Residential mortgage11,215 — — 
Residential construction— — — 
Total real estate11,215 — — 
Consumer
Direct installment338 128 — 
Indirect installment1,542 358 — 
Home equity7,039 680 — 
Total consumer8,919 1,166 — 
Total$25,792 $1,166 $3,636 
Schedule of Payment Status by Class of Loan
The following table presents the payment status by class of loan at March 31, 2025:
March 31, 2025
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater
Past Due		Total Past
Due		Total
Loans
Commercial
Owner occupied real estate$680,066 $1,085 $389 $4,503 $5,977 $686,043 
Non–owner occupied real estate1,540,379 914 — — 914 1,541,293 
Residential spec homes16,961 — — — — 16,961 
Development & spec land18,613 — — — — 18,613 
Commercial and industrial913,898 1,040 1,505 2,098 4,643 918,541 
Total commercial3,169,917 3,039 1,894 6,601 11,534 3,181,451 
Real estate
Residential mortgage773,142 3,105 688 4,572 8,365 781,507 
Residential construction20,219 — — — — 20,219 
Total real estate793,361 3,105 688 4,572 8,365 801,726 
Consumer
Direct installment90,649 938 334 402 1,674 92,323 
Indirect installment263,194 3,369 394 761 4,524 267,718 
Home equity554,203 7,061 1,104 4,229 12,394 566,597 
Total consumer908,046 11,368 1,832 5,392 18,592 926,638 
Total$4,871,324 $17,512 $4,414 $16,565 $38,491 $4,909,815 
The following table presents the payment status by class of loan at December 31, 2024:
December 31, 2024
Current30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater
Past Due		Total Past
Due		Total
Loans
Commercial
Owner occupied real estate$665,875 $1,195 $— $95 $1,290 $667,165 
Non–owner occupied real estate1,500,229 931 — 296 1,227 1,501,456 
Residential spec homes15,611 — — — — 15,611 
Development & spec land18,627 — — — — 18,627 
Commercial and industrial872,893 2,155 70 179 2,404 875,297 
Total commercial3,073,235 4,281 70 570 4,921 3,078,156 
Real estate
Residential mortgage773,214 — 4,163 6,584 10,747 783,961 
Residential construction18,948 — — — — 18,948 
Total real estate792,162 — 4,163 6,584 10,747 802,909 
Consumer
Direct installment95,337 1,325 181 347 1,853 97,190 
Indirect installment298,048 4,179 806 868 5,853 303,901 
Home equity551,483 7,143 1,537 4,721 13,401 564,884 
Total consumer944,868 12,647 2,524 5,936 21,107 965,975 
Total$4,810,265 $16,928 $6,757 $13,090 $36,775 $4,847,040 
Modified Loans
The following tables detail the amortized cost at March 31, 2025 of loans that were modified to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and the amortized cost at March 31, 2024, of loans that were modified to borrowers experiencing financial difficulty during the three ended March 31, 2024:
Three Months Ended March 31, 2025
Term ExtensionInterest Rate Reduction Other-Than-Insignificant Payment DelayTerm Extension and Interest Rate ReductionTotal % of Loans Held for Investment
Commercial
Owner occupied real estate$— $— $653 $— $653 0.10 %
Non-owner occupied real estate433 — — — 433 0.03 %
Development spec & land537 — — — 537 2.89 %
Commercial and industrial363 — 752 — 1,115 0.12 %
Total $1,333 $— $1,405 $— $2,738 0.06 %
Three Months Ended March 31, 2024
Term ExtensionInterest Rate ReductionOther-Than-Insignificant Payment DelayTerm Extension and Interest Rate ReductionTotal% of Loans Held for Investment
Commercial
Owner occupied real estate$1,948 $— $— $— $1,948 0.30 %
Non-owner occupied real estate— — — — — — %
Development spec & land863 — — — 863 2.60 %
Commercial and industrial479 — 25 40 544 0.07 %
Total$3,290 $— $25 $40 $3,355 0.07 %
The following tables summarize the financial impacts of loan modifications and payment deferrals, as applicable, during the three months ended March 31, 2025 and 2024:
Three Months Ended March 31, 2025
Weighted Average Term Extension (In Months)Weighted average interest rate reduction (In Percentage Terms)Weighted Average Payment Delay (In Months)Term Extension (In Months) & Rate Reduction (In Percentage Terms)
Commercial
Owner occupied real estate— — 6— 
Non-owner occupied real estate14— — — 
Development spec & land18— — — 
Commercial and industrial11— 6— 
Three Months Ended March 31, 2024
Weighted Average Term Extension (In Months)Weighted average interest rate reduction (In Percentage Terms)Weighted Average Payment Delay (In Months)Term Extension (In Months) & Rate Reduction (In Percentage Terms)
Commercial
Owner occupied real estate9— — — 
Non-owner occupied real estate— — — — 
Development spec & land3— — — 
Commercial and industrial6— 3
Weighted average term extension of 99 months & Weighted average interest rate reduction of 4.85%
Modified Loans Past Due
The following table presents the amortized cost basis at March 31, 2025 of loans to borrowers experiencing financial difficulty that had been modified within the previous 12 months:

March 31, 2025
Current30-89 Days Past Due90 Days Past DueTotal
Commercial
Owner occupied real estate$3,070 $651 $2,038 $5,759 
Non-owner occupied real estate927 — — 927 
Development spec & land537 — — 537 
Commercial and industrial3,959 136 — 4,095 
Total$8,493 $787 $2,038 $11,318 

The following table presents the amortized cost basis at March 31, 2024 of loans to borrowers experiencing financial difficulty that had been modified within the previous 12 months:

March 31, 2024
Current30-89 Days Past Due90 Days Past DueTotal
Commercial
Owner occupied real estate$748 $— $— $748 
Non-owner occupied real estate2,090 — 966 3,056 
Development spec & land17 — — 17 
Commercial and industrial3,690 287 — 3,977 
Total$6,545 $287 $966 $7,798 

The following table provides the $2.8 million amortized cost basis of financing receivables that were modified in the form of term extension and other than significant payment delay in the last twelve months and were in payment default at March 31, 2025.

March 31, 2025
Other-than-Insignificant Payment DelayTerm ExtensionTotal
Commercial and Industrial$— $136 $136 
Owner Occupied651 2,038 2,689 
Total$651 $2,174 $2,825 

The following table provides the $1.3 million amortized cost basis of financing receivables that were modified in the form of term extension and term extension & rate reduction in the last twelve months and were in payment default at March 31, 2024.

March 31, 2024
Term ExtensionTerm Extension & Rate ReductionTotal
Commercial and Industrial$219 $69 $287 
Owner Occupied966 — 966 
Total$1,184 $69 $1,253 
Schedule of Allowance for Credit Loss Allocated for Collateral Dependent Loans
The tables below present the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses, at March 31, 2025 and December 31, 2024.
March 31, 2025
Real EstateAccounts
Receivable/
Equipment		OtherTotalACL
Allocation
Commercial
Owner occupied real estate$4,541 $— $— $4,541 $320 
Non–owner occupied real estate433 — — 433 — 
Development & spec land537 — — 537 — 
Commercial and industrial1,611 1,049 — 2,660 661 
Total commercial7,122 1,049 — 8,171 981 
Total collateral dependent loans$7,122 $1,049 $— $8,171 $981 
(1) Collateral dependent loans had a collateral fair value of $5.6 million at March 31, 2025
December 31, 2024
Real EstateAccounts
Receivable/
Equipment		OtherTotalACL
Allocation
Commercial
Owner occupied real estate$2,448 $— $— $2,448 $224 
Non–owner occupied real estate444 — — 444 — 
Development & spec land534 — — 534 — 
Commercial and industrial1,756 476 — 2,232 731 
Total commercial5,182 476 — 5,658 955 
Total collateral dependent loans$5,182 $476 $— $5,658 $955 
(1) Collateral dependent loans had a collateral fair value of $6.3 million at December 31, 2024
Schedule of Loans by Credit Grades
The following tables present loans by credit grades and origination year at March 31, 2025.
March 31, 202520252024202320222021PriorRevolving Term LoansRevolving
Loans		Total
Commercial
Owner occupied real estate
Pass$25,795 $74,871 $75,303 $86,940 $67,176 $212,165 $95,697 $18,180 $656,127 
Special Mention— 358 — — 1,746 4,341 2,581 100 9,126 
Substandard— 2,969 8,737 3,677 — 4,907 — 500 20,790 
Doubtful— — — — — — — — — 
Total owner occupied real estate$25,795 $78,198 $84,040 $90,617 $68,922 $221,413 $98,278 $18,780 $686,043 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Non–owner occupied real estate
Pass$47,872 $187,693 $112,711 $240,275 $126,788 $432,610 $322,229 $11,852 $1,482,030 
Special Mention— — 5,091 16,410 1,227 31,129 — — 53,857 
Substandard— 83 — — — 5,323 — — 5,406 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$47,872 $187,776 $117,802 $256,685 $128,015 $469,062 $322,229 $11,852 $1,541,293 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Residential spec homes
Pass$— $360 $— $— $420 $— $12,041 $4,140 $16,961 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$— $360 $— $— $420 $— $12,041 $4,140 $16,961 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Development & spec land
Pass$672 $818 $4,094 $777 $1,012 $2,312 $7,677 $404 $17,766 
Special Mention— — — — — 310 — — 310 
Substandard— — — — — — 537 — 537 
Doubtful— — — — — — — — — 
Total development & spec land$672 $818 $4,094 $777 $1,012 $2,622 $8,214 $404 $18,613 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Commercial and industrial
Pass$145,152 $163,615 $94,714 $132,654 $66,821 $57,939 $43,633 $166,859 $871,387 
Special Mention1,467 892 596 659 28 984 11,636 12,797 29,059 
Substandard— 1,505 7,675 854 95 2,806 1,144 4,016 18,095 
Doubtful— — — — — — — — — 
Total commercial and industrial$146,619 $166,012 $102,985 $134,167 $66,944 $61,729 $56,413 $183,672 $918,541 
Gross charge-offs during period$— $— $— $— $— $2 $5 $— $7 
Total commercial$220,958 $433,164 $308,921 $482,246 $265,313 $754,826 $497,175 $218,848 $3,181,451 
March 31, 202520252024202320222021PriorRevolving Term LoansRevolving
Loans		Total
Real estate
Residential mortgage
Performing$20,825 $68,770 $133,286 $158,514 $137,623 $249,726 $— $— $768,744 
Non–performing— 329 3,437 1,938 1,451 5,608 — — 12,763 
Total residential mortgage$20,825 $69,099 $136,723 $160,452 $139,074 $255,334 $— $— $781,507 
Gross charge-offs during period$— $— $— $— $— $2 $— $— $2 
Residential construction
Performing$— $— $— $— $— $— $20,219 $— $20,219 
Non–performing— — — — — — — — — 
Total residential construction$— $— $— $— $— $— $20,219 $— $20,219 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Total real estate$20,825 $69,099 $136,723 $160,452 $139,074 $255,334 $20,219 $— $801,726 
March 31, 202520252024202320222021PriorRevolving Term LoansRevolving
Loans		Total
Consumer
Direct installment
Performing$3,333 $9,187 $56,629 $8,678 $4,705 $7,337 $34 $1,830 $91,732 
Non–performing— 1 465 43 50 32 — — 591 
Total direct installment$3,333 $9,188 $57,094 $8,721 $4,755 $7,369 $34 $1,830 $92,323 
Gross charge-offs during period$— $27 $15 $26 $6 $— $4 $— $78 
Indirect installment
Performing$— $24,257 $63,841 $115,978 $42,833 $19,093 $— $— $266,002 
Non–performing— 45 302 772 302 295 — — 1,716 
Total indirect installment$— $24,302 $64,143 $116,750 $43,135 $19,388 $— $— $267,718 
Gross charge-offs during period$— $135 $174 $297 $58 $82 $— $— $746 
Home equity
Performing$3,287 $13,105 $20,460 $15,387 $4,972 $10,160 $25,997 $466,413 $559,781 
Non–performing— 48 481 460 — 296 5,531 — 6,816 
Total home equity$3,287 $13,153 $20,941 $15,847 $4,972 $10,456 $31,528 $466,413 $566,597 
Gross charge-offs during period$— $— $— $7 $— $4 $618 $— $629 
Total consumer$6,620 $46,643 $142,178 $141,318 $52,862 $37,213 $31,562 $468,243 $926,638 
The following tables present loans by credit grades and origination year at December 31, 2024.
December 31, 202420242023202220212020PriorRevolving Term LoansRevolving
Loans		Total
Commercial
Owner occupied real estate
Pass$75,649 $74,305 $90,872 $68,978 $36,778 $178,936 $92,227 $12,365 $630,110 
Special Mention129 — 1,724 1,769 142 8,759 — 100 12,623 
Substandard2,970 8,761 1,051 6,307 — 4,843 — 500 24,432 
Doubtful— — — — — — — — — 
Total owner occupied real estate$78,748 $83,066 $93,647 $77,054 $36,920 $192,538 $92,227 $12,965 $667,165 
Gross charge-offs during period$— $— $— $— $— $1 $— $— $1 
Non–owner occupied real estate
Pass$194,167 $115,378 $244,266 $133,689 $100,688 $344,558 $298,288 $11,726 $1,442,760 
Special Mention— 4,211 16,409 1,249 — 31,083 — — 52,952 
Substandard83 297 — — — 5,364 — — 5,744 
Doubtful— — — — — — — — — 
Total non–owner occupied real estate$194,250 $119,886 $260,675 $134,938 $100,688 $381,005 $298,288 $11,726 $1,501,456 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Residential spec homes
Pass$362 $— $— $420 $— $— $10,986 $3,843 $15,611 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total residential spec homes$362 $— $— $420 $— $— $10,986 $3,843 $15,611 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Development & spec land
Pass$819 $4,139 $788 $1,133 $328 $2,039 $7,931 $599 $17,776 
Special Mention— — — — — 317 — — 317 
Substandard— — — — — — 534 — 534 
Doubtful— — — — — — — — — 
Total development & spec land$819 $4,139 $788 $1,133 $328 $2,356 $8,465 $599 $18,627 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Commercial and industrial
Pass$242,562 $105,877 $128,707 $73,008 $6,954 $54,764 $48,313 $179,370 $839,555 
Special Mention1,246 324 1,245 28 1 1,573 9,519 9,281 23,217 
Substandard843 2,599 318 217 266 3,170 1,003 4,109 12,525 
Doubtful— — — — — — — — — 
Total commercial and industrial$244,651 $108,800 $130,270 $73,253 $7,221 $59,507 $58,835 $192,760 $875,297 
Gross charge-offs during period$— $— $— $— $— $45 $108 $— $153 
Total commercial$518,830 $315,891 $485,380 $286,798 $145,157 $635,406 $468,801 $221,893 $3,078,156 
December 31, 202420242023202220212020PriorRevolving Term LoansRevolving
Loans		Total
Real estate
Residential mortgage
Performing$69,264 $145,927 $160,780 $140,310 $78,563 $177,902 $— $— $772,746 
Non–performing201 1,619 2,125 1,472 706 5,092 — — 11,215 
Total residential mortgage$69,465 $147,546 $162,905 $141,782 $79,269 $182,994 $— $— $783,961 
Gross charge-offs during period$— $— $— $— $— $5 $— $— $5 
Residential construction
Performing$— $— $— $— $— $— $18,948 $— $18,948 
Non–performing— — — — — — — — — 
Total residential construction$— $— $— $— $— $— $18,948 $— $18,948 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Mortgage warehouse
Performing$— $— $— $— $— $— $— $— $— 
Non–performing— — — — — — — — — 
Total mortgage warehouse$— $— $— $— $— $— $— $— $— 
Gross charge-offs during period$— $— $— $— $— $— $— $— $— 
Total real estate$69,465 $147,546 $162,905 $141,782 $79,269 $182,994 $18,948 $— $802,909 
December 31, 202420242023202220212020PriorRevolving Term LoansRevolving
Loans		Total
Consumer
Direct installment
Performing$11,306 $59,850 $9,510 $5,398 $2,679 $6,003 $60 $1,918 $96,724 
Non–performing1 374 46 19 — 26 — — 466 
Total direct installment$11,307 $60,224 $9,556 $5,417 $2,679 $6,029 $60 $1,918 $97,190 
Gross charge-offs during period$72 $93 $169 $1 $35 $78 $9 $— $457 
Indirect installment
Performing$26,839 $70,143 $130,610 $49,458 $17,647 $7,304 $— $— $302,001 
Non–performing— 425 800 304 242 129 — — 1,900 
Total indirect installment$26,839 $70,568 $131,410 $49,762 $17,889 $7,433 $— $— $303,901 
Gross charge-offs during period$161 $449 $1,345 $527 $188 $99 $— $— $2,769 
Home equity
Performing$13,552 $21,845 $16,136 $5,110 $1,902 $9,210 $18,657 $470,753 $557,165 
Non–performing— 421 426 — 30 296 6,465 81 7,719 
Total home equity$13,552 $22,266 $16,562 $5,110 $1,932 $9,506 $25,122 $470,834 $564,884 
Gross charge-offs during period$— $23 $52 $88 $— $39 $110 $11 $323 
Total consumer$51,698 $153,058 $157,528 $60,289 $22,500 $22,968 $25,182 $472,752 $965,975