Loans

9 Months Ended

Sep. 30, 2025

Receivables [Abstract]

Loans

Loans

(In Thousands, Except Number of Loans)

For purposes of this Note 4, all references to “loans” mean loans excluding loans held for sale.

The following is a summary of loans and leases as of the dates presented:

	September 30, 2025		December 31, 2024
Commercial, financial, agricultural	$	2,760,490	$	1,885,817
Lease financing	78,964		95,071
Real estate – construction:
Residential	404,651		256,655
Commercial	1,122,839		836,998
Total real estate – construction	1,527,490		1,093,653
Real estate – 1-4 family mortgage:
Primary	3,061,356		2,428,076
Home equity	739,786		544,158
Rental/investment	841,515		402,938
Land development	239,955		113,705
Total real estate – 1-4 family mortgage	4,882,612		3,488,877
Real estate – commercial mortgage:
Owner-occupied	3,321,186		1,894,679
Non-owner occupied	6,120,677		4,226,937
Land development	223,212		114,452
Total real estate – commercial mortgage	9,665,075		6,236,068
Installment loans to individuals	115,675		90,014
Gross loans	19,030,306		12,889,500
Unearned income	(4,785)		(4,480)
Loans, net of unearned income	$	19,025,521	$	12,885,020

Past Due and Nonaccrual Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. No interest income was recognized on nonaccrual loans for the three and nine months ended September 30, 2025 and 2024.

The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented:

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
September 30, 2025
Commercial, financial, agricultural	$	4,430	$	138	$	2,723,231	$	2,727,799	$	(260)	$	6,946	$	26,005	$	32,691	$	2,760,490
Lease financing	215		—		78,111		78,326		—		638		—		638		78,964
Real estate – construction:
Residential	441		—		401,685		402,126		—		241		2,284		2,525		404,651
Commercial	2,708		—		1,118,008		1,120,716		—		—		2,123		2,123		1,122,839
Total real estate – construction	3,149		—		1,519,693		1,522,842		—		241		4,407		4,648		1,527,490
Real estate – 1-4 family mortgage:
Primary	26,510		46		2,982,691		3,009,247		2,351		42,865		6,893		52,109		3,061,356
Home equity	4,852		—		732,374		737,226		414		1,875		271		2,560		739,786
Rental/investment	2,235		103		836,590		838,928		238		1,442		907		2,587		841,515
Land development	177		—		239,729		239,906		—		44		5		49		239,955
Total real estate – 1-4 family mortgage	33,774		149		4,791,384		4,825,307		3,003		46,226		8,076		57,305		4,882,612
Real estate – commercial mortgage:
Owner-occupied	5,278		—		3,286,031		3,291,309		3,964		3,950		21,963		29,877		3,321,186
Non-owner occupied	649		485		6,074,884		6,076,018		9,241		7,361		28,057		44,659		6,120,677
Land development	332		—		222,161		222,493		82		585		52		719		223,212
Total real estate – commercial mortgage	6,259		485		9,583,076		9,589,820		13,287		11,896		50,072		75,255		9,665,075
Installment loans to individuals	827		20		114,609		115,456		89		104		26		219		115,675
Unearned income	—		—		(4,785)		(4,785)		—		—		—		—		(4,785)
Loans, net of unearned income	$	48,654	$	792	$	18,805,319	$	18,854,765	$	16,119	$	66,051	$	88,586	$	170,756	$	19,025,521

	Accruing Loans								Nonaccruing Loans
	30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		30-89 Days Past Due		90 Days or More Past Due		Current Loans		Total Loans		Total Loans
December 31, 2024
Commercial, financial, agricultural	$	807	$	125	$	1,883,010	$	1,883,942	$	245	$	734	$	896	$	1,875	$	1,885,817
Lease financing	27		—		90,961		90,988		78		614		3,391		4,083		95,071
Real estate – construction:
Residential	2,194		—		253,238		255,432		—		1,023		200		1,223		256,655
Commercial	—		16		836,982		836,998		—		—		—		—		836,998
Total real estate – construction	2,194		16		1,090,220		1,092,430		—		1,023		200		1,223		1,093,653
Real estate – 1-4 family mortgage:
Primary	29,258		—		2,343,781		2,373,039		13,627		25,335		16,075		55,037		2,428,076
Home equity	3,186		35		537,568		540,789		941		1,094		1,334		3,369		544,158
Rental/investment	573		12		401,977		402,562		136		240		—		376		402,938
Land development	25		1,740		111,920		113,685		20		—		—		20		113,705
Total real estate – 1-4 family mortgage	33,042		1,787		3,395,246		3,430,075		14,724		26,669		17,409		58,802		3,488,877
Real estate – commercial mortgage:
Owner-occupied	2,650		365		1,879,350		1,882,365		296		1,000		11,018		12,314		1,894,679
Non-owner occupied	326		—		4,197,331		4,197,657		—		—		29,280		29,280		4,226,937
Land development	142		160		111,019		111,321		98		16		3,017		3,131		114,452
Total real estate – commercial mortgage	3,118		525		6,187,700		6,191,343		394		1,016		43,315		44,725		6,236,068
Installment loans to individuals	654		11		89,246		89,911		4		42		57		103		90,014
Unearned income	—		—		(4,480)		(4,480)		—		—		—		—		(4,480)
Loans, net of unearned income	$	39,842	$	2,464	$	12,731,903	$	12,774,209	$	15,445	$	30,098	$	65,268	$	110,811	$	12,885,020

Collateral Dependent Loans

Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These loans do not share common risk characteristics with other loans within the Company’s portfolio, and the allowance for credit losses on such loans is evaluated on an individual basis rather than on a collective basis with other pooled loans. The majority of collateral dependent loans consist of commercial purpose loans with collateral comprised of real estate and business assets. Collateral dependent loans were $131,265 and $66,063 at September 30, 2025 and December 31, 2024, respectively. The Company recorded a specific allowance for credit losses on such loans of $27,010 and $15,052 at September 30, 2025 and December 31, 2024, respectively, which reflected the difference between the net realizable value of the collateral and the amortized cost of the loans. The increase in collateral dependent loans from December 31, 2024 is primarily due to acquired collateral dependent loans from The First.

Certain Modifications to Borrowers Experiencing Financial Difficulty

Certain modifications of loans made to borrowers experiencing financial difficulty in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay (including extension of the amortization period), or a term extension, but excluding covenant waivers and modification of contingent acceleration clauses, are required to be disclosed in accordance with ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”). All modifications for the three and nine months ended September 30, 2025 and 2024 and which met the disclosure criteria in ASU 2022-02 were performing in accordance with their modified terms at September 30, 2025 and 2024, respectively. There were unused commitments of $647 and $464 with respect to these loans at September 30, 2025 and September 30, 2024, respectively. Upon the Company’s determination that a modification has subsequently become uncollectible, the loan, or portion of the loan, is charged off, the amortized cost basis of the loan is reduced by the uncollectible amount, and the allowance for credit losses is adjusted accordingly. See Note 5, “Allowance for Credit Losses,” for more information on the allowance for credit losses.

The following tables present the amortized cost basis of loans that were experiencing financial difficulty, modified during the three and nine months ended September 30, 2025 and 2024, respectively, by class of financing receivable and by type of modification. The percentage of the amortized cost basis for each class of disclosed modifications as compared to the amortized cost basis of each class of loans is also presented below.

	Three Months Ended September 30, 2025
	Interest Rate Reduction		Term Extension		Payment Delay		Term Extension and Payment Delay		Interest Rate Reduction and Term Extension		Total		% Total Loans by Class
Commercial, financial, agricultural	$	—	$	27,025	$	—	$	101	$	—	$	27,126	0.98	%
Lease financing	—		—		—		—		—		—		—
Real estate – 1-4 family mortgage:
Primary	—		—		157		17		—		174		0.01
Home equity	—		39		124		—		—		163		0.02
Total real estate – 1-4 family mortgage	—		39		281		17		—		337		0.01
Real estate – commercial mortgage:
Owner-occupied	1,142		$	—	$	—	$	—	$	142	$	1,284	0.04
Non-owner occupied	—		—		—		—		357		357		0.01
Land development	—		33		—		—		—		33		0.01
Total real estate – commercial mortgage	1,142		33		—		—		499		1,674		0.02
Installment loans to individuals	—		—		—		11		—		11		0.01
Loans, net of unearned income	$	1,142	$	27,097	$	281	$	129	$	499	$	29,148	0.15	%

	Nine Months Ended September 30, 2025
	Interest Rate Reduction		Term Extension		Payment Delay		Term Extension and Payment Delay		Interest Rate Reduction and Term Extension		Interest Rate Reduction, Term Extension and Payment Delay		Total		% Total Loans by Class
Commercial, financial, agricultural	$	—	$	27,025	$	—	$	101	$	—	$	—	$	27,126	0.98	%
Real estate – construction:
Residential	—		—		—		235		—		—		235		0.06	%
Real estate – 1-4 family mortgage:
Primary	—		—		157		17		—		—		174		0.01
Home equity	—		39		124		—		—		—		163		0.02
Total real estate – 1-4 family mortgage	—		39		281		17		—		—		337		0.01
Real estate – commercial mortgage:
Owner-occupied	1,142		—		—		—		142		—		1,284		0.04
Non-owner occupied	—		2,077		—		—		357		—		2,434		0.04
Land development	—		33		—		—		—		—		33		0.01
Total real estate – commercial mortgage	1,142		2,110		—		—		499		—		3,751		0.04
Installment loans to individuals	—		81		6		13		—		2		102		0.09
Loans, net of unearned income	$	1,142	$	29,255	$	287	$	366	$	499	$	2	$	31,551	0.17	%

	Three Months Ended September 30, 2024
	Term Extension		Payment Delay		Interest Rate Reduction, Term Extension and Payment Delay		Interest Rate Reduction and Payment Delay		Total		% Total Loans by Class
Commercial, financial, agricultural	$	—	$	53	$	—	$	—	$	53	—	%
Real estate – 1-4 family mortgage:
Primary	23		1,620		—		206		1,849		0.08
Home equity	106		—		—		—		106		0.02
Rental/investment	36		548		—		—		584		0.15
Total real estate – 1-4 family mortgage	165		2,168		—		206		2,539		—
Real estate – commercial mortgage:
Owner-occupied	1,086		206		—		—		1,292		0.07
Installment loans to individuals	—		—		3		—		3		—
Loans, net of unearned income	$	1,251	$	2,427	$	3	$	206	$	3,887	0.03	%

	Nine Months Ended September 30, 2024
	Interest Rate Reduction		Term Extension		Payment Delay		Term Extension and Payment Delay		Interest Rate Reduction and Term Extension		Interest Rate Reduction, Term Extension and Payment Delay		Interest Rate Reduction and Payment Delay	Total		% Total Loans by Class
Commercial, financial, agricultural	$	1,097	$	69	$	53	$	—	$	—	$	125	—	$	1,344	0.07	%
Real estate – 1-4 family mortgage:
Primary	—		56		1,806		442		—		—		206	2,510		0.10
Home equity	—		106		—		—		—		—		—	106		0.02
Rental/investment	—		36		548		—		—		—		—	584		0.15
Total real estate – 1-4 family mortgage	—		198		2,354		442		—		—		206	3,200		0.09
Real estate – commercial mortgage:
Owner-occupied	6,946		1,266		206		—		255		—		—	8,673		0.47
Non-owner occupied	—		2,431		83		—		—		—		—	2,514		0.06
Total real estate – commercial mortgage	6,946		3,697		289		—		255		—		—	11,187		0.19
Installment loans to individuals	—		—		13		—		—		3		—	16		0.02
Loans, net of unearned income	$	8,043	$	3,964	$	2,709	$	442	$	255	$	128	206	$	15,747	0.12	%

The following tables present the weighted average financial effect of loan modifications by class of financing receivable for the periods presented.

Three months ended September 30, 2025
Loan Type	Financial Effect
Interest Rate Reduction
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 485 basis points
Term Extension
Commercial, financial, agricultural	Extended the term 12 months
Real estate – 1-4 family mortgage - Home Equity	Extended the term 56 months
Real Estate - Commercial Mortgage - Land Development	Extended the term 60 months
Payment Delay
Real estate – 1-4 family mortgage - Primary	Delayed the payment 16 months
Real estate – 1-4 family mortgage - Home Equity	Delayed the payment 51 months
Combination - Term Extension and Payment Delay
Commercial, financial, agricultural	Extended the term and delayed the payment 22 months
Real estate – 1-4 family mortgage - Primary	Extended the term and delayed the payment 19 months
Installment loans to individuals	Extended the term and delayed the payment 43 months
Combination - Interest Rate Reduction and Term Extension
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 45 basis points and extended the term 80 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Reduced the interest rate 45 basis points and extended the term 81 months

Nine months ended September 30, 2025
Loan Type	Financial Effect
Interest Rate Reduction
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 485 basis points
Term Extension
Commercial, financial, agricultural	Extended the term 12 months
Real estate – 1-4 family mortgage - Home Equity	Extended the term 56 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Extended the term 12 months
Real Estate - Commercial Mortgage - Land Development	Extended the term 60 months
Installment loans to individuals	Extended the term 124 months
Payment Delay
Real estate – 1-4 family mortgage - Primary	Delayed the payment 16 months
Real estate – 1-4 family mortgage - Home Equity	Delayed the payment 50 months
Installment loans to individuals	Delayed the payment 23 months
Combination - Term Extension and Payment Delay
Commercial, financial, agricultural	Extended the term and delayed the payment 22 months
Real estate – Construction - Residential	Extended the term and delayed the payment 35 months
Real estate – 1-4 family mortgage - Primary	Extended the term and delayed the payment 19 months
Installment loans to individuals	Extended the term and delayed the payment 45 months
Combination - Interest Rate Reduction and Term Extension
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 45 basis points and extended the term 80 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Reduced the interest rate 45 basis points and extended the term 81 months
Combination - Interest Rate Reduction, Term Extension and Payment Delay
Installment loans to individuals	Reduced the interest rate 425 basis points and extended the term and delayed the payment 49 months

Three months ended September 30, 2024
Loan Type	Financial Effect
Term Extension
Real estate – 1-4 family mortgage - Primary	Extended the term 90 months
Real estate – 1-4 family mortgage - Home Equity	Extended the term 16 months
Real estate – 1-4 family mortgage - Rental/investment	Extended the term 6 months
Real Estate - Commercial Mortgage - Owner Occupied	Extended the term 8 months
Payment Delay
Commercial, financial, agricultural	Delayed the payment 8 months
Real estate – 1-4 family mortgage - Primary	Delayed the payment 19 months
Real estate – 1-4 family mortgage - Rental/investment	Delayed the payment 131 months
Real Estate - Commercial Mortgage - Owner Occupied	Delayed the payment 40 months
Combination - Interest Rate Reduction and Payment Delay
Real estate – 1-4 family mortgage - Primary	Reduced the interest rate 25 basis points and extended the term 51 months
Combination - Interest Rate Reduction, Term Extension and Payment Delay
Installment loans to individuals	Reduced the interest rate 460 basis points and extended the term and delayed the payment 54 months

Nine months ended September 30, 2024
Loan Type	Financial Effect
Interest Rate Reduction
Commercial, financial, agricultural	Reduced the interest rate 39 basis points
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 47 basis points
Term Extension
Commercial, financial, agricultural	Extended the term 8 months
Real estate – 1-4 family mortgage - Primary	Extended the term 51 months
Real estate – 1-4 family mortgage - Home Equity	Extended the term 16 months
Real estate – 1-4 family mortgage - Rental/investment	Extended the term 6 months
Real Estate - Commercial Mortgage - Owner Occupied	Extended the term 8 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Extended the term 8 months
Payment Delay
Commercial, financial, agricultural	Delayed the payment 8 months
Real estate – 1-4 family mortgage - Primary	Delayed the payment 22 months
Real estate – 1-4 family mortgage - Rental/investment	Delayed the payment 131 months
Real Estate - Commercial Mortgage - Owner Occupied	Delayed the payment 40 months
Real Estate - Commercial Mortgage - Non-owner Occupied	Delayed the payment 9 months
Installment loans to individuals	Delayed the payment 17 months
Combination - Term Extension and Payment Delay
Real estate – 1-4 family mortgage - Primary	Extended the term and delayed the payment 42 months
Combination - Interest Rate Reduction and Term Extension
Real Estate - Commercial Mortgage - Owner Occupied	Reduced the interest rate 275 basis points and extended the term 21 months
Combination - Interest Rate Reduction and Payment Delay
Real estate – 1-4 family mortgage - Primary	Reduced the interest rate 25 basis points and delayed the payment 51 months
Combination - Interest Rate Reduction, Term Extension and Payment Delay
Commercial, financial, agricultural	Reduced the interest rate 181 basis points and extended the term and delayed the payment 59 months
Installment loans to individuals	Reduced the interest rate 460 basis points and extended the term and delayed the payment 54 months

Credit Quality

For commercial and commercial real estate loans, internal risk-rating grades are assigned by lending, credit administration and loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 10 and 95, with 10 being loans with the least credit risk. Loans within the “Pass” grade (those with a risk rating between 10 and 69) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating between 70 and 79) represents a loan where a significant adverse risk-modifying action is anticipated in the near term that, if left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Classified” grade generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances.

The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
September 30, 2025
Commercial, Financial, Agricultural	$	453,028	$	292,323	$	213,414	$	242,191	$	141,528	$	121,173	$	1,263,029	$	3,592	$	2,730,278
Pass	451,970		285,390		192,780		235,332		139,257		115,489		1,206,897		367		2,627,482
Special Mention	206		2,767		16,032		586		453		3,613		18,562		—		42,219
Classified	852		4,166		4,602		6,273		1,818		2,071		37,570		3,225		60,577
Lease Financing Receivables	$	9,572	$	8,112	$	13,660	$	30,939	$	6,709	$	5,187	$	—	$	—	$	74,179
Pass	9,560		8,112		13,165		29,059		6,709		5,187		—		—		71,792
Special Mention	—		—		—		32		—		—		—		—		32
Classified	12		—		495		1,848		—		—		—		—		2,355
Real Estate - Construction	$	408,714	$	419,441	$	322,877	$	225,680	$	8,252	$	98	$	31,284	$	1,145	$	1,417,491
Residential	209,182		72,180		5,989		241		—		—		7,060		—		294,652
Pass	207,133		72,180		5,754		—		—		—		7,060		—		292,127
Special Mention	—		—		—		—		—		—		—		—		—
Classified	2,049		—		235		241		—		—		—		—		2,525
Commercial	199,532		347,261		316,888		225,439		8,252		98		24,224		1,145		1,122,839
Pass	199,532		347,259		298,658		223,318		8,252		98		24,224		1,145		1,102,486
Special Mention	—		—		—		—		—		—		—		—		—
Classified	—		2		18,230		2,121		—		—		—		—		20,353
Real Estate - 1-4 Family Mortgage	$	289,327	$	244,798	$	167,011	$	215,772	$	121,131	$	87,795	$	109,877	$	402	$	1,236,113
Primary	22,085		18,104		9,154		15,152		12,632		12,130		524		82		89,863
Pass	21,754		14,797		8,510		14,514		11,629		10,912		524		82		82,722
Special Mention	—		199		—		209		449		46		—		—		903
Classified	331		3,108		644		429		554		1,172		—		—		6,238
Home Equity	3,015		814		883		775		758		265		102,888		320		109,718
Pass	3,015		814		883		272		758		265		102,559		269		108,835
Special Mention	—		—		—		—		—		—		—		—		—
Classified	—		—		—		503		—		—		329		51		883
Rental/Investment	187,220		142,595		127,516		183,646		105,543		74,139		2,240		—		822,899
Pass	186,026		141,898		126,195		182,079		104,506		72,012		2,240		—		814,956
Special Mention	268		175		546		148		93		32		—		—		1,262
Classified	926		522		775		1,419		944		2,095		—		—		6,681
Land Development	77,007		83,285		29,458		16,199		2,198		1,261		4,225		—		213,633
Pass	77,007		80,391		29,458		16,199		2,198		1,261		4,225		—		210,739
Special Mention	—		2,894		—		—		—		—		—		—		2,894
Classified	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	1,698,474	$	1,414,243	$	1,022,192	$	2,455,287	$	1,317,543	$	1,385,472	$	358,688	$	2,077	$	9,653,976
Owner-Occupied	377,668		577,015		444,953		589,572		483,072		623,280		225,473		—		3,321,033
Pass	376,885		563,297		429,598		577,140		469,153		588,653		215,394		—		3,220,120
Special Mention	356		5,366		3,816		1,750		1,514		15,135		9,228		—		37,165
Classified	427		8,352		11,539		10,682		12,405		19,492		851		—		63,748
Non-Owner Occupied	1,256,303		784,652		558,455		1,840,634		813,648		752,286		112,622		2,077		6,120,677
Pass	1,201,694		757,376		554,765		1,716,497		778,906		690,735		111,009		—		5,810,982
Special Mention	38,986		7,731		2,275		66,737		9,412		7,966		138		—		133,245
Classified	15,623		19,545		1,415		57,400		25,330		53,585		1,475		2,077		176,450
Land Development	64,503		52,576		18,784		25,081		20,823		9,906		20,593		—		212,266

	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Pass	64,337		50,741		17,988		23,994		20,806		9,605		20,593		—		208,064
Special Mention	139		1,069		750		—		—		113		—		—		2,071
Classified	27		766		46		1,087		17		188		—		—		2,131
Installment loans to individuals	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Pass	—		—		—		—		—		—		—		—		—
Special Mention	—		—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	2,859,115	$	2,378,917	$	1,739,154	$	3,169,869	$	1,595,163	$	1,599,725	$	1,762,878	$	7,216	$	15,112,037
Pass	2,798,913		2,322,255		1,677,754		3,018,404		1,542,174		1,494,217		1,694,725		1,863		14,550,305
Special Mention	39,955		20,201		23,419		69,462		11,921		26,905		27,928		—		219,791
Classified	20,247		36,461		37,981		82,003		41,068		78,603		40,225		5,353		341,941

	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2024
Commercial, Financial, Agricultural	$	292,917	$	208,900	$	228,690	$	113,192	$	66,121	$	54,163	$	898,772	$	2,889	$	1,865,644
Pass	287,632		206,087		213,209		112,527		64,780		52,756		874,104		2,767		1,813,862
Special Mention	591		1,613		185		242		107		378		7,006		—		10,122
Classified	4,694		1,200		15,296		423		1,234		1,029		17,662		122		41,660
Lease Financing Receivables	$	12,239	$	22,339	$	39,738	$	9,125	$	3,724	$	3,426	$	—	$	—	$	90,591
Pass	12,239		17,225		34,637		8,778		2,587		3,246		—		—		78,712
Watch	—		1,261		3,254		173		1,137		180		—		—		6,005
Classified	—		3,853		1,847		174		—		—		—		—		5,874
Real Estate - Construction	$	353,568	$	243,827	$	382,439	$	18,443	$	—	$	625	$	20,096	$	—	$	1,018,998
Residential	162,966		15,455		1,708		—		—		625		1,246		—		182,000
Pass	160,772		14,673		1,467		—		—		625		1,246		—		178,783
Special Mention	2,194		—		—		—		—		—		—		—		2,194
Classified	—		782		241		—		—		—		—		—		1,023
Commercial	190,602		228,372		380,731		18,443		—		—		18,850		—		836,998
Pass	190,602		216,051		380,731		18,443		—		—		18,850		—		824,677
Special Mention	—		12,321		—		—		—		—		—		—		12,321
Classified	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
Real Estate - 1-4 Family Mortgage	$	187,587	$	110,606	$	120,025	$	66,034	$	33,800	$	26,150	$	35,740	$	1,150	$	581,092
Primary	10,925		5,336		7,865		4,247		2,463		6,534		1,704		796		39,870
Pass	10,925		5,126		7,558		3,979		2,463		5,776		1,704		796		38,327
Special Mention	—		—		143		—		—		—		—		—		143
Classified	—		210		164		268		—		758		—		—		1,400
Home Equity	966		1,005		7		937		—		35		28,976		51		31,977
Pass	966		1,005		7		937		—		—		28,976		—		31,891
Special Mention	—		—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		35		—		51		86
Rental/Investment	96,447		83,682		108,436		59,836		31,029		18,146		4,745		303		402,624
Pass	95,903		82,878		108,296		59,553		30,936		17,487		4,745		213		400,011
Special Mention	180		564		44		52		24		—		—		—		864
Classified	364		240		96		231		69		659		—		90		1,749
Land Development	79,249		20,583		3,717		1,014		308		1,435		315		—		106,621
Pass	79,150		20,583		1,977		1,014		308		1,435		315		—		104,782
Special Mention	99		—		1,740		—		—		—		—		—		1,839
Classified	—		—		—		—		—		—		—		—		—
Real Estate - Commercial Mortgage	$	996,574	$	708,788	$	1,807,169	$	1,009,177	$	622,818	$	792,959	$	251,819	$	35,475	$	6,224,779
Owner-Occupied	373,353		271,445		339,116		275,077		190,911		304,663		137,023		2,969		1,894,557
Pass	372,183		261,624		330,018		271,228		188,860		299,578		130,847		2,717		1,857,055
Special Mention	948		348		388		850		131		1,538		—		—		4,203
Classified	222		9,473		8,710		2,999		1,920		3,547		6,176		252		33,299
Non-Owner Occupied	576,021		427,715		1,447,377		724,161		428,874		484,792		105,645		32,331		4,226,916
Pass	554,095		427,339		1,354,418		718,043		425,291		430,220		105,645		24,360		4,039,411
Special Mention	4,900		21		77,741		814		1,138		8,254		—		—		92,868
Classified	17,026		355		15,218		5,304		2,445		46,318		—		7,971		94,637
Land Development	47,200		9,628		20,676		9,939		3,033		3,504		9,151		175		103,306
Pass	47,134		9,585		17,187		9,735		2,783		3,468		9,151		175		99,218
Special Mention	66		24		142		31		59		—		—		—		322
Classified	—		19		3,347		173		191		36		—		—		3,766
Installment loans to individuals	$	5	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	5
Pass	5		—		—		—		—		—		—		—		5
Special Mention	—		—		—		—		—		—		—		—		—
Classified	—		—		—		—		—		—		—		—		—
Total loans subject to risk rating	$	1,842,890	$	1,294,460	$	2,578,061	$	1,215,971	$	726,463	$	877,323	$	1,206,427	$	39,514	$	9,781,109
Pass	1,811,606		1,262,176		2,449,505		1,204,237		718,008		814,591		1,175,583		31,028		9,466,734
Special Mention	8,978		16,152		83,637		2,162		2,596		10,350		7,006		—		130,881
Classified	22,306		16,132		44,919		9,572		5,859		52,382		23,838		8,486		183,494

The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:

	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
September 30, 2025
Commercial, Financial, Agricultural	$	30,179	$	—	$	33	$	—	$	—	$	—	$	—	$	—	$	30,212
Performing Loans	30,179		—		33		—		—		—		—		—		30,212
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	38,223	$	45,868	$	15,004	$	8,315	$	1,950	$	—	$	—	$	639	$	109,999
Residential	38,223		45,868		15,004		8,315		1,950		—		—		639		109,999
Performing Loans	38,223		45,868		15,004		8,315		1,950		—		—		639		109,999
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Commercial	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	282,209	$	219,627	$	372,514	$	819,945	$	555,821	$	770,394	$	611,849	$	14,140	$	3,646,499
Primary	277,668		217,026		366,790		802,483		546,389		761,137		—		—		2,971,493
Performing Loans	277,243		216,753		360,338		786,987		542,277		740,036		—		—		2,923,634
Non-Performing Loans	425		273		6,452		15,496		4,112		21,101		—		—		47,859
Home Equity	—		116		467		716		219		2,694		611,716		14,140		630,068
Performing Loans	—		116		184		716		145		2,172		611,644		12,664		627,641
Non-Performing Loans	—		—		283		—		74		522		72		1,476		2,427
Rental/Investment	—		—		146		12,797		2,646		3,027		—		—		18,616
Performing Loans	—		—		146		12,797		2,646		3,027		—		—		18,616
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	4,541		2,485		5,111		3,949		6,567		3,536		133		—		26,322
Performing Loans	4,541		2,485		5,111		3,905		6,562		3,536		133		—		26,273
Non-Performing Loans	—		—		—		44		5		—		—		—		49
Real Estate - Commercial Mortgage	$	2,852	$	1,159	$	2,129	$	1,708	$	2,363	$	888	$	—	$	—	$	11,099
Owner-Occupied	—		—		—		—		—		153		—		—		153
Performing Loans	—		—		—		—		—		153		—		—		153
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	2,852		1,159		2,129		1,708		2,363		735		—		—		10,946
Performing Loans	2,852		1,138		2,047		1,605		2,363		735		—		—		10,740
Non-Performing Loans	—		21		82		103		—		—		—		—		206
Installment loans to individuals	$	37,403	$	18,982	$	10,962	$	7,619	$	4,258	$	13,027	$	23,220	$	204	$	115,675
Performing Loans	37,403		18,982		10,907		7,555		4,255		12,910		23,220		204		115,436
Non-Performing Loans	—		—		55		64		3		117		—		—		239
Total loans not subject to risk rating	$	390,866	$	285,636	$	400,642	$	837,587	$	564,392	$	784,309	$	635,069	$	14,983	$	3,913,484
Performing Loans	390,441		285,342		393,770		821,880		560,198		762,569		634,997		13,507		3,862,704
Non-Performing Loans	425		294		6,872		15,707		4,194		21,740		72		1,476		50,780

	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term		Total Loans
December 31, 2024
Commercial, Financial, Agricultural	$	—	$	—	$	—	$	—	$	—	$	20,173	$	—	$	—	$	20,173
Performing Loans	—		—		—		—		—		20,173		—		—		20,173
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Lease Financing Receivables	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - Construction	$	37,714	$	23,301	$	11,210	$	2,056	$	—	$	—	$	108	$	266	$	74,655
Residential	37,714		23,301		11,210		2,056		—		—		108		266		74,655
Performing Loans	37,514		23,301		11,210		2,056		—		—		108		266		74,455
Non-Performing Loans	200		—		—		—		—		—		—		—		200
Commercial	—		—		—		—		—		—		—		—		—
Performing Loans	—		—		—		—		—		—		—		—		—
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Real Estate - 1-4 Family Mortgage	$	154,305	$	341,962	$	708,223	$	492,408	$	280,382	$	417,656	$	499,157	$	13,692	$	2,907,785
Primary	152,511		340,032		706,868		490,903		279,683		417,316		—		893		2,388,206
Performing Loans	152,207		336,019		692,470		485,325		269,503		397,394		—		893		2,333,811
Non-Performing Loans	304		4,013		14,398		5,578		10,180		19,922		—		—		54,395
Home Equity	30		—		—		—		—		195		499,157		12,799		512,181
Performing Loans	30		—		—		—		—		177		499,052		9,553		508,812
Non-Performing Loans	—		—		—		—		—		18		105		3,246		3,369
Rental/Investment	—		—		—		256		—		58		—		—		314
Performing Loans	—		—		—		256		—		58		—		—		314
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	1,764		1,930		1,355		1,249		699		87		—		—		7,084
Performing Loans	1,764		1,919		1,355		1,240		699		87		—		—		7,064
Non-Performing Loans	—		11		—		9		—		—		—		—		20
Real Estate - Commercial Mortgage	$	2,614	$	2,350	$	1,902	$	2,567	$	1,460	$	396	$	—	$	—	$	11,289
Owner-Occupied	—		—		—		—		121		1		—		—		122
Performing Loans	—		—		—		—		121		1		—		—		122
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Non-Owner Occupied	—		—		—		—		21		—		—		—		21
Performing Loans	—		—		—		—		21		—		—		—		21
Non-Performing Loans	—		—		—		—		—		—		—		—		—
Land Development	2,614		2,350		1,902		2,567		1,318		395		—		—		11,146
Performing Loans	2,614		2,350		1,789		2,567		1,317		395		—		—		11,032
Non-Performing Loans	—		—		113		—		1		—		—		—		114
Installment loans to individuals	$	32,598	$	11,488	$	7,971	$	3,815	$	1,317	$	17,261	$	15,530	$	29	$	90,009
Performing Loans	32,561		11,472		7,971		3,802		1,317		17,212		15,529		29		89,893
Non-Performing Loans	37		16		—		13		—		49		1		—		116
Total loans not subject to risk rating	$	227,231	$	379,101	$	729,306	$	500,846	$	283,159	$	455,486	$	514,795	$	13,987	$	3,103,911
Performing Loans	226,690		375,061		714,795		495,246		272,978		435,497		514,689		10,741		3,045,697
Non-Performing Loans	541		4,040		14,511		5,600		10,181		19,989		106		3,246		58,214

The following tables disclose gross charge-offs by year of origination for the nine months ended September 30, 2025 and year ended December 31, 2024, respectively:

September 30, 2025	2025		2024		2023		2022		2021		Prior		Revolving Loans		Total Charge-offs
Commercial, financial, agricultural	$	5	$	642	$	869	$	538	$	4,972	$	978	$	470	$	8,474
Lease financing	—		—		2,356		20		34		26		—		2,436
Real estate – construction:
Residential	—		—		107		6		—		—		—		113
Real estate – 1-4 family mortgage:
Primary	—		106		64		188		64		418		—		840
Home equity	—		—		—		—		241		132		—		373
Rental/investment	—		—		—		—		—		1		—		1
Land development	—		—		—		—		—		26		—		26
Total real estate – 1-4 family mortgage	—		106		64		188		305		577		—		1,240
Real estate – commercial mortgage:
Owner-occupied	—		—		—		—		—		1,600		3,941		5,541
Non-owner occupied	—		—		—		—		—		160		—		160
Total real estate – commercial mortgage	—		—		—		—		—		1,760		3,941		5,701
Installment loans to individuals	—		182		92		34		44		843		3		1,198
Loans, net of unearned income	$	5	$	930	$	3,488	$	786	$	5,355	$	4,184	$	4,414	$	19,162

December 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving Loans		Total Charge-offs
Commercial, financial, agricultural	$	—	$	46	$	152	$	879	$	4	$	2,975	$	407	$	4,463
Lease financing	—		336		306		—		—		—		—		642
Real estate – construction:
Residential	—		—		145		—		—		—		—		145
Real estate – 1-4 family mortgage:
Primary	—		29		195		35		110		102		—		471
Home equity	—		—		329		—		—		121		—		450
Rental/investment	—		—		—		—		—		45		—		45
Total real estate – 1-4 family mortgage	—		29		524		35		110		268		—		966
Real estate – commercial mortgage:
Owner-occupied	—		—		37		—		—		—		—		37
Non-owner occupied	—		—		—		—		—		5,693		—		5,693
Land development	—		—		—		—		—		7		—		7
Total real estate – commercial mortgage	—		—		37		—		—		5,700		—		5,737
Installment loans to individuals	36		110		69		15		3		1,623		—		1,856
Loans, net of unearned income	$	36	$	521	$	1,233	$	929	$	117	$	10,566	$	407	$	13,809

Loans Pledged

The FHLB of Dallas maintains a blanket lien on the Company’s loan portfolio to be pledged as collateral for various FHLB products. In addition, the Company also pledges a portion of its non-real estate loan portfolio to the Federal Reserve as collateral at the Discount Window.