Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Allowance for Credit Losses

Schedule of allowances for loan losses by portfolio segment

The following table presents the activity of the allowance for credit losses by portfolio segment for the three months ended June 30.

Allowance for Credit Losses:			June 30, 2025
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	17,525	$	16,965	$	12,336	$	9	$	46,835
Provision for credit losses		(1,020)		820		1,834		316		1,950
Loans charged-off		(209)		(9)		(2,710)		—		(2,928)
Recoveries		112		19		1,099		—		1,230
Ending Balance	$	16,408	$	17,795	$	12,559	$	325	$	47,087

Allowance for Credit Losses:			June 30, 2024
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	13,579	$	14,233	$	11,919	$	314	$	40,045
Provision for credit losses		1,811		93		1,367		(305)		2,966
Loans charged-off		(3,548)		(42)		(2,501)		—		(6,091)
Recoveries		173		40		1,201		—		1,414
Ending Balance	$	12,015	$	14,324	$	11,986	$	9	$	38,334

The following table presents the activity of the allowance for credit losses by portfolio segment for the six months ended June 30.

Allowance for Credit Losses:			June 30, 2025
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	16,963	$	17,470	$	12,046	$	253	$	46,732
Provision for credit losses		(245)		280		3,793		72		3,900
Loans charged -off		(699)		(117)		(5,353)		—		(6,169)
Recoveries		389		162		2,073		—		2,624
Ending Balance	$	16,408	$	17,795	$	12,559	$	325	$	47,087

Allowance for Credit Losses:			June 30, 2024
(Dollar amounts in thousands)	Commercial		Residential		Consumer		Unallocated		Total
Beginning balance	$	13,264	$	14,327	$	11,797	$	379	$	39,767
Provision for credit losses		2,082		(80)		3,134		(370)		4,766
Loans charged -off		(3,779)		(56)		(5,448)		—		(9,283)
Recoveries		448		133		2,503		—		3,084
Ending Balance	$	12,015	$	14,324	$	11,986	$	9	$	38,334

Schedule of recorded investment in non-performing loans by class of loans

	June 30, 2025
	Loans Past				Nonaccrual
	Due Over				With No
	90 Days Still				Allowance
(Dollar amounts in thousands)	Accruing		Nonaccrual		For Credit Loss
Commercial
Commercial & Industrial	$	378	$	1,485	$	—
Farmland		—		13		33
Non Farm, Non Residential		—		1,024		624
Agriculture		29		547		547
All Other Commercial		279		201		143
Residential
First Liens		775		1,014		321
Home Equity		119		416		—
Junior Liens		107		48		—
Multifamily		282		274		216
All Other Residential		—		43		20
Consumer
Motor Vehicle		—		2,553		—
All Other Consumer		—		312		—
TOTAL	$	1,969	$	7,930	$	1,904

	December 31, 2024
	Loans Past				Nonaccrual
	Due Over				With No
	90 Days Still				Allowance
(Dollar amounts in thousands)	Accruing		Nonaccrual		For Credit Loss
Commercial
Commercial & Industrial	$	43	$	2,092	$	—
Farmland		—		1,047		806
Non Farm, Non Residential		—		1,733		897
Agriculture		—		644		623
All Other Commercial		—		1,181		1,116
Residential
First Liens		459		1,464		694
Home Equity		822		107		—
Junior Liens		243		85		27
Multifamily		321		291		225
All Other Residential		—		103		46
Consumer
Motor Vehicle		—		2,364		—
All Other Consumer		—		368		—
TOTAL	$	1,888	$	11,479	$	4,434

Schedule of amortized cost basis of collateral dependent loans

	June 30, 2025
	Collateral Type
(Dollar amounts in thousands)	Real Estate		Other
Commercial
Commercial & Industrial	$	—	$	5,406
Farmland		61		—
Non Farm, Non Residential		3,325		—
Agriculture		—		547
All Other Commercial		143		—
Residential
First Liens		321		—
Home Equity		—		—
Junior Liens		—		—
Multifamily		216		—
All Other Residential		20		—
Consumer
Motor Vehicle		—		—
All Other Consumer		—		—
Total	$	4,086	$	5,953

	December 31, 2024
	Collateral Type
(Dollar amounts in thousands)	Real Estate		Other
Commercial
Commercial & Industrial	$	1	$	5,978
Farmland		996		—
Non Farm, Non Residential		4,111		—
Agriculture		—		623
All Other Commercial		1,116		—
Residential
First Liens		694		—
Home Equity		—		—
Junior Liens		27		—
Multifamily		225		—
All Other Residential		46		—
Consumer
Motor Vehicle		—		—
All Other Consumer		—		—
Total	$	7,216	$	6,601

Schedule of aging of the recorded investment in loans by past due category and class of loans

	June 30, 2025
					90 Days
	30-59 Days		60-89 Days		and Greater		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Total
Commercial
Commercial & Industrial	$	4,747	$	71	$	1,374	$	6,192	$	570,105	$	576,297
Farmland		496		—		—		496		129,578		130,074
Non Farm, Non Residential		313		88		—		401		843,534		843,935
Agriculture		183		164		576		923		126,546		127,469
All Other Commercial		2,209		185		296		2,690		554,757		557,447
Residential
First Liens		1,152		1,122		982		3,256		455,988		459,244
Home Equity		707		616		476		1,799		93,971		95,770
Junior Liens		283		199		118		600		66,624		67,224
Multifamily		378		—		304		682		325,895		326,577
All Other Residential		2,579		—		43		2,622		39,816		42,438
Consumer
Motor Vehicle		6,485		1,330		791		8,606		646,428		655,034
All Other Consumer		303		120		111		534		29,009		29,543
TOTAL	$	19,835	$	3,895	$	5,071	$	28,801	$	3,882,251	$	3,911,052

	December 31, 2024
					90 Days
	30-59 Days		60-89 Days		and Greater		Total
(Dollar amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Total
Commercial
Commercial & Industrial	$	746	$	768	$	208	$	1,722	$	571,244	$	572,966
Farmland		598		—		806		1,404		131,582		132,986
Non Farm, Non Residential		1,619		—		—		1,619		811,252		812,871
Agriculture		—		—		642		642		148,647		149,289
All Other Commercial		1,297		152		—		1,449		540,948		542,397
Residential
First Liens		4,304		1,361		1,224		6,889		444,792		451,681
Home Equity		639		157		906		1,702		88,137		89,839
Junior Liens		356		101		290		747		64,154		64,901
Multifamily		529		74		345		948		318,763		319,711
All Other Residential		25		—		108		133		44,477		44,610
Consumer
Motor Vehicle		10,176		1,435		808		12,419		627,119		639,538
All Other Consumer		555		122		123		800		30,843		31,643
TOTAL	$	20,844	$	4,170	$	5,460	$	30,474	$	3,821,958	$	3,852,432

Schedule of performance of loans and leases that have been modified to borrowers experiencing financial difficulty

The following table presents the amortized cost of loans and leases at June 30, 2025 that were both experiencing financial difficulty and modified during the twelve months ended June 30, 2025, by class and by type of modification.

										Combination		Combination
										Term		Term		Total
										Extension and		Extension		Class of
	Principal		Payment		Term		Interest Rate			Principal		Interest Rate		Financing
(Dollar amounts in thousands)	Forgiveness		Delay		Extension		Reduction		Forgiveness		Reduction		Receivable
Residential
First Liens	$	—	$	—	$	—	$	104	$	—	$	—		0.02	%
Junior Liens		—		—		—		61		—		—		0.09	%
Consumer
Motor Vehicle		—		—		—		—		129		73		0.03	%
TOTAL	$	—	$	—	$	—	$	165	$	129	$	73		0.01	%

The following table presents the financial effect of loan and lease modifications presented above to borrowers experiencing financial difficulty for the twelve months ended June 30, 2025.

			Weighted-			Weighted-
			Average			Average
	Principal		Interest Rate			Term
(Dollar amounts in thousands)	Forgiveness		Reduction			Extension
Residential
First Liens	$	—		1.25	%		—
Junior Liens	$	—		1.38	%		—
Consumer
Motor Vehicle		87		2.38	%		23
TOTAL	$	87		1.63	%		23

Schedule of commercial loan portfolio by risk category

		June 30, 2025
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2025		2024		2023		2022		2021		Prior		Loans		Total
Commercial
Commercial and Industrial	Pass	$	47,599	$	78,024	$	35,893	$	98,834	$	75,282	$	115,496	$	82,583	$	533,711
	Special Mention		—		252		326		671		5,821		3,971		1,880	$	12,921
	Substandard		—		4,643		3,448		276		1,626		4,101		9,567	$	23,661
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		915		1,352		649		536		197		106		—	$	3,755
	Subtotal	$	48,514	$	84,271	$	40,316	$	100,317	$	82,926	$	123,674	$	94,030	$	574,048
	Current period gross charge-offs	$	-	$	52	$	-	$	19	$	34	$	186	$	-	$	291
Farmland	Pass	$	10,476	$	10,599	$	18,032	$	14,771	$	16,468	$	54,225	$	226	$	124,797
	Special Mention		—		1,151		701		—		—		91		—	$	1,943
	Substandard		—		—		487		—		—		473		—	$	960
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		11		—	$	11
	Subtotal	$	10,476	$	11,750	$	19,220	$	14,771	$	16,468	$	54,800	$	226	$	127,711
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Non Farm, Non Residential	Pass	$	65,921	$	160,727	$	87,338	$	156,647	$	150,605	$	186,404	$	9,358	$	817,000
	Special Mention		—		—		—		1,087		—		242		—	$	1,329
	Substandard		—		—		—		2,293		15,480		4,707		—	$	22,480
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		709		—	$	709
	Subtotal	$	65,921	$	160,727	$	87,338	$	160,027	$	166,085	$	192,062	$	9,358	$	841,518
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Agriculture	Pass	$	5,053	$	11,092	$	7,187	$	7,167	$	4,678	$	20,169	$	54,281	$	109,627
	Special Mention		188		95		—		914		181		1,007		4,107	$	6,492
	Substandard		—		15		84		80		—		6,860		1,615	$	8,654
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		2		—		16		22		13		—	$	53
	Subtotal	$	5,241	$	11,204	$	7,271	$	8,177	$	4,881	$	28,049	$	60,003	$	124,826
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	52	$	-	$	52
Other Commercial	Pass	$	33,081	$	81,876	$	64,879	$	95,777	$	109,394	$	159,147	$	7,857	$	552,011
	Special Mention		—		—		—		—		—		721		—	$	721
	Substandard		—		—		—		—		554		221		—	$	775
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		21		—		384		—	$	405
	Subtotal	$	33,081	$	81,876	$	64,879	$	95,798	$	109,948	$	160,473	$	7,857	$	553,912
	Current period gross charge-offs	$	356	$	-	$	-	$	-	$	-	$	-	$	-	$	356
Residential
Multifamily >5 Residential	Pass	$	5,443	$	90,683	$	68,199	$	57,752	$	37,336	$	45,334	$	539	$	305,286
	Special Mention		—		—		—		12,312		—		6,451		—	$	18,763
	Substandard		—		—		—		216		—		21		—	$	237
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		423		631		—	$	1,054
	Subtotal	$	5,443	$	90,683	$	68,199	$	70,280	$	37,759	$	52,437	$	539	$	325,340
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Total	Pass	$	167,573	$	433,001	$	281,528	$	430,948	$	393,763	$	580,775	$	154,844	$	2,442,432
	Special Mention		188		1,498		1,027		14,984		6,002		12,483		5,987	$	42,169
	Substandard		—		4,658		4,019		2,865		17,660		16,383		11,182	$	56,767
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		915		1,354		649		573		642		1,854		—	$	5,987
		$	168,676	$	440,511	$	287,223	$	449,370	$	418,067	$	611,495	$	172,013	$	2,547,355

		December 31, 2024
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2024		2023		2022		2021		2020		Prior		Loans		Total
Commercial
Commercial and Industrial	Pass	$	92,372	$	38,454	$	104,695	$	76,691	$	35,180	$	90,984	$	85,448	$	523,824
	Special Mention		354		137		870		9,953		2,931		1,052		1,078	$	16,375
	Substandard		4,464		3,461		233		1,478		374		10,244		5,904	$	26,158
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		2,041		924		735		353		153		75		—	$	4,281
	Subtotal	$	99,231	$	42,976	$	106,533	$	88,475	$	38,638	$	102,355	$	92,430	$	570,638
	Current period gross charge-offs	$	-	$	-	$	1,982	$	4,716	$	54	$	96	$	-	$	6,848
Farmland	Pass	$	12,676	$	19,782	$	15,526	$	20,086	$	7,565	$	51,413	$	494	$	127,542
	Special Mention		—		—		—		—		—		817		—	$	817
	Substandard		—		—		35		237		—		1,292		—	$	1,564
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		—		11		—	$	11
	Subtotal	$	12,676	$	19,782	$	15,561	$	20,323	$	7,565	$	53,533	$	494	$	129,934
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Non Farm, Non Residential	Pass	$	145,512	$	85,201	$	162,233	$	167,505	$	40,094	$	164,625	$	19,286	$	784,456
	Special Mention		—		107		411		12,976		—		—		—	$	13,494
	Substandard		636		50		2,596		2,736		102		5,602		—	$	11,722
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		—		658		62		—	$	720
	Subtotal	$	146,148	$	85,358	$	165,240	$	183,217	$	40,854	$	170,289	$	19,286	$	810,392
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Agriculture	Pass	$	12,492	$	7,810	$	9,281	$	4,815	$	4,824	$	20,925	$	81,991	$	142,138
	Special Mention		—		—		84		—		5		1,353		1,750	$	3,192
	Substandard		—		—		—		—		—		649		—	$	649
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		12		—		27		23		13		—		—	$	75
	Subtotal	$	12,504	$	7,810	$	9,392	$	4,838	$	4,842	$	22,927	$	83,741	$	146,054
	Current period gross charge-offs	$	-	$	-	$	53	$	-	$	-	$	-	$	-	$	53
Other Commercial	Pass	$	61,991	$	56,715	$	99,257	$	112,668	$	93,030	$	102,823	$	10,435	$	536,919
	Special Mention		—		—		—		—		—		758		—	$	758
	Substandard		—		—		940		—		21		240		—	$	1,201
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		26		—		9		420		—	$	455
	Subtotal	$	61,991	$	56,715	$	100,223	$	112,668	$	93,060	$	104,241	$	10,435	$	539,333
	Current period gross charge-offs	$	889	$	100	$	-	$	-	$	-	$	-	$	-	$	989
Residential
Multifamily >5 Residential	Pass	$	78,426	$	65,289	$	58,565	$	42,191	$	22,950	$	26,018	$	4,662	$	298,101
	Special Mention		—		—		12,538		—		342		6,259		—	$	19,139
	Substandard		—		—		225		—		—		24		—	$	249
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		—		—		—		424		—		653		—	$	1,077
	Subtotal	$	78,426	$	65,289	$	71,328	$	42,615	$	23,292	$	32,954	$	4,662	$	318,566
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Total	Pass	$	403,469	$	273,251	$	449,557	$	423,956	$	203,643	$	456,788	$	202,316	$	2,412,980
	Special Mention		354		244		13,903		22,929		3,278		10,239		2,828	$	53,775
	Substandard		5,100		3,511		4,029		4,451		497		18,051		5,904	$	41,543
	Doubtful		—		—		—		—		—		—		—	$	—
	Not Rated		2,053		924		788		800		833		1,221		—	$	6,619
		$	410,976	$	277,930	$	468,277	$	452,136	$	208,251	$	486,299	$	211,048	$	2,514,917

		June 30, 2025
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2025		2024		2023		2022		2021		Prior		Loans		Total
Residential
First Liens	Performing	$	32,942	$	65,681	$	45,769	$	84,703	$	64,884	$	160,337	$	1,454	$	455,770
	Non-performing		—		—		—		—		129		1,836		—	$	1,965
	Subtotal	$	32,942	$	65,681	$	45,769	$	84,703	$	65,013	$	162,173	$	1,454	$	457,735
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	11	$	-	$	11
Home Equity	Performing	$	421	$	914	$	273	$	777	$	146	$	1,610	$	90,768	$	94,909
	Non-performing		—		—		—		36		24		111		359	$	530
	Subtotal	$	421	$	914	$	273	$	813	$	170	$	1,721	$	91,127	$	95,439
	Current period gross charge-offs	$	-	$	-	$	-	$	22	$	-	$	19	$	-	$	41
Junior Liens	Performing	$	8,157	$	16,381	$	11,097	$	10,680	$	5,529	$	12,253	$	2,777	$	66,874
	Non-performing		—		—		42		20		—		89		—	$	151
	Subtotal	$	8,157	$	16,381	$	11,139	$	10,700	$	5,529	$	12,342	$	2,777	$	67,025
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	65	$	-	$	65
Other Residential	Performing	$	5,537	$	16,649	$	8,592	$	4,992	$	3,867	$	2,123	$	378	$	42,138
	Non-performing		—		—		—		—		51		10		—	$	61
	Subtotal	$	5,537	$	16,649	$	8,592	$	4,992	$	3,918	$	2,133	$	378	$	42,199
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	—
Consumer
Motor Vehicle	Performing	$	152,010	$	208,316	$	148,240	$	105,094	$	24,013	$	11,927	$	10	$	649,610
	Non-performing		51		381		543		1,029		271		253		—	$	2,528
	Subtotal	$	152,061	$	208,697	$	148,783	$	106,123	$	24,284	$	12,180	$	10	$	652,138
	Current period gross charge-offs	$	32	$	966	$	1,107	$	2,274	$	437	$	191	$	-	$	5,007
Other Consumer	Performing	$	3,548	$	8,294	$	4,276	$	2,217	$	1,546	$	1,245	$	7,942	$	29,068
	Non-performing		—		85		124		6		71		23		23	$	332
	Subtotal	$	3,548	$	8,379	$	4,400	$	2,223	$	1,617	$	1,268	$	7,965	$	29,400
	Current period gross charge-offs	$	-	$	102	$	71	$	53	$	24	$	3	$	93	$	346
Total	Performing	$	202,615	$	316,235	$	218,247	$	208,463	$	99,985	$	189,495	$	103,329	$	1,338,369
	Non-performing		51		466		709		1,091		546		2,322		382	$	5,567
Total other loans		$	202,666	$	316,701	$	218,956	$	209,554	$	100,531	$	191,817	$	103,711	$	1,343,936

		December 31, 2024
		Term Loans at Amortized Cost Basis by Origination Year												Revolving
		2024		2023		2022		2021		2020		Prior		Loans		Total
Residential
First Liens	Performing	$	64,953	$	47,930	$	89,205	$	69,090	$	37,658	$	136,805	$	2,279	$	447,920
	Non-performing		—		—		—		180		113		2,019		—	$	2,312
	Subtotal	$	64,953	$	47,930	$	89,205	$	69,270	$	37,771	$	138,824	$	2,279	$	450,232
	Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	221	$	-	$	221
Home Equity	Performing	$	966	$	562	$	1,017	$	31	$	143	$	1,149	$	84,723	$	88,591
	Non-performing		—		—		41		—		38		108		720	$	907
	Subtotal	$	966	$	562	$	1,058	$	31	$	181	$	1,257	$	85,443	$	89,498
	Current period gross charge-offs	$	-	$	-	$	22	$	-	$	-	$	28	$	51	$	101
Junior Liens	Performing	$	16,989	$	12,371	$	12,590	$	6,431	$	5,200	$	9,229	$	1,578	$	64,388
	Non-performing		—		39		41		38		60		146		—	$	324
	Subtotal	$	16,989	$	12,410	$	12,631	$	6,469	$	5,260	$	9,375	$	1,578	$	64,712
	Current period gross charge-offs	$	-	$	15	$	-	$	-	$	-	$	-	$	-	$	15
Other Residential	Performing	$	17,542	$	13,123	$	6,960	$	4,392	$	628	$	1,559	$	53	$	44,257
	Non-performing		—		—		—		80		5		36		—	$	121
	Subtotal	$	17,542	$	13,123	$	6,960	$	4,472	$	633	$	1,595	$	53	$	44,378
	Current period gross charge-offs	$	-	$	-	$	-	$	6	$	-	$	-	$	-	$	6
Consumer
Motor Vehicle	Performing	$	247,368	$	187,134	$	139,251	$	37,043	$	20,130	$	3,290	$	11	$	634,227
	Non-performing		144		346		1,112		398		286		59		—	$	2,345
	Subtotal	$	247,512	$	187,480	$	140,363	$	37,441	$	20,416	$	3,349	$	11	$	636,572
	Current period gross charge-offs	$	478	$	2,692	$	4,839	$	1,751	$	587	$	97	$	-	$	10,444
Other Consumer	Performing	$	11,580	$	6,883	$	3,270	$	2,161	$	1,094	$	576	$	5,501	$	31,065
	Non-performing		32		92		155		75		24		3		40	$	421
	Subtotal	$	11,612	$	6,975	$	3,425	$	2,236	$	1,118	$	579	$	5,541	$	31,486
	Current period gross charge-offs	$	50	$	197	$	121	$	22	$	16	$	24	$	182	$	612
Total	Performing	$	359,398	$	268,003	$	252,293	$	119,148	$	64,853	$	152,608	$	94,145	$	1,310,448
	Non-performing		176		477		1,349		771		526		2,371		760	$	6,430
Total other loans		$	359,574	$	268,480	$	253,642	$	119,919	$	65,379	$	154,979	$	94,905	$	1,316,878