LOANS

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

LOANS

LOANS

(dollars in thousands)	March 31, 2025				December 31, 2024
Commercial and industrial loans:
Working capital lines of credit loans	$	716,522	13.7	%	$	649,609	12.7	%
Non-working capital loans	807,048		15.5		801,256		15.6
Total commercial and industrial loans	1,523,570		29.2		1,450,865		28.3
Commercial real estate and multi-family residential loans:
Construction and land development loans	623,905		12.0		567,781		11.1
Owner occupied loans	804,933		15.4		807,090		15.8
Nonowner occupied loans	852,033		16.3		872,671		17.0
Multifamily loans	339,946		6.5		344,978		6.7
Total commercial real estate and multi-family residential loans	2,620,817		50.2		2,592,520		50.6
Agri-business and agricultural loans:
Loans secured by farmland	156,112		3.0		156,609		3.1
Loans for agricultural production	227,659		4.3		230,787		4.5
Total agri-business and agricultural loans	383,771		7.3		387,396		7.6
Other commercial loans:	94,927		1.8		95,584		1.9
Total commercial loans	4,623,085		88.5		4,526,365		88.4
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans	265,855		5.1		259,286		5.1
Open end and junior lien loans	217,981		4.2		214,125		4.2
Residential construction and land development loans	16,359		0.3		16,818		0.3
Total consumer 1-4 family mortgage loans	500,195		9.6		490,229		9.6
Other consumer loans	102,254		1.9		104,041		2.0
Total consumer loans	602,449		11.5		594,270		11.6
Subtotal	5,225,534		100.0	%	5,120,635		100.0	%
Less: Allowance for credit losses	(92,433)				(85,960)
Net deferred loan fees	(2,313)				(2,687)
Loans, net	$	5,130,788			$	5,031,988

The recorded investment in loans does not include accrued interest, which totaled $21.1 million and $20.3 million as of March 31, 2025 and December 31, 2024, respectively.

The Company had $821,000 and $424,000 in residential real estate loans in the process of foreclosure as of March 31, 2025 and December 31, 2024, respectively.