XML 24 R13.htm IDEA: XBRL DOCUMENT v3.26.1
Loans
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans Loans
The following tables present net loan balances by segment for portfolio loans, PCD loans, and loans purchased which are not considered purchased credit deteriorated (“Non-PCD”) as of:
 March 31, 2026
(In thousands)Portfolio LoansAcquired Non-PCD LoansPCD LoansTotal
Construction and land development$623,355 $118,541 $3,466 $745,362 
CRE - owner occupied1,508,717 491,435 21,733 2,021,885 
CRE - non-owner occupied2,934,779 1,101,008 142,216 4,178,003 
Residential real estate2,210,407 920,009 32,093 3,162,509 
Commercial and financial1,900,726 437,130 15,262 2,353,118 
Consumer137,412 42,713 430 180,555 
Totals$9,315,396 $3,110,836 $215,200 $12,641,432 
 December 31, 2025
(In thousands)Portfolio LoansAcquired Non-PCD LoansPCD LoansTotal
Construction and land development$579,141 $141,326 $3,463 $723,930 
CRE - owner occupied1,505,798 509,118 28,709 2,043,625 
CRE - non-owner occupied2,911,189 1,193,351 150,452 4,254,992 
Residential real estate2,101,868 963,836 33,155 3,098,859 
Commercial and financial1,828,038 476,130 16,821 2,320,989 
Consumer141,768 43,321 500 185,589 
Totals$9,067,802 $3,327,082 $233,100 $12,627,984 
The amortized cost basis of loans included net deferred costs of $45.6 million at March 31, 2026 and $46.3 million at December 31, 2025. At March 31, 2026, the remaining fair value adjustments on acquired loans were $138.1 million, or 4.0% of the outstanding acquired loan balances, compared to $150.0 million, or 4.0% of the acquired loan balances at December 31, 2025. The discount is accreted into interest income over the remaining lives of the related loans on a level yield basis.
Accrued interest receivable is included within Other Assets and was $46.3 million and $45.7 million at March 31, 2026 and December 31, 2025, respectively.
The following tables present the status of net loan balances as of March 31, 2026 and December 31, 2025.
 March 31, 2026
(In thousands)CurrentAccruing
30-59 Days
Past Due		Accruing
60-89 Days
Past Due		Accruing
Greater
Than
90 Days		NonaccrualTotal
Portfolio Loans      
Construction and land development$622,436 $101 $— $— $818 $623,355 
CRE - owner occupied1,487,437 3,296 — — 17,984 1,508,717 
CRE - non-owner occupied2,924,234 — 2,977 — 7,568 2,934,779 
Residential real estate2,194,507 4,799 743 — 10,358 2,210,407 
Commercial and financial1,879,733 7,007 25 — 13,961 1,900,726 
Consumer136,515 315 16 — 566 137,412 
Total Portfolio Loans$9,244,862 $15,518 $3,761 $— $51,255 $9,315,396 
Acquired Non-PCD Loans
Construction and land development$117,529 $— $— $— $1,012 $118,541 
CRE - owner occupied482,045 466 4,805 — 4,119 491,435 
CRE - non-owner occupied1,093,013 801 — — 7,194 1,101,008 
Residential real estate908,944 1,144 230 — 9,691 920,009 
Commercial and financial436,468 7 — — 655 437,130 
Consumer40,851 2 — — 1,860 42,713 
 Total Acquired Non-PCD Loans$3,078,850 $2,420 $5,035 $— $24,531 $3,110,836 
PCD Loans
Construction and land development$70 $— $— $— $3,396 $3,466 
CRE - owner occupied20,842 30 — — 861 21,733 
CRE - non-owner occupied129,397 — — — 12,819 142,216 
Residential real estate29,463 1,193 217 — 1,220 32,093 
Commercial and financial14,313 — 2 — 947 15,262 
Consumer417 8 2 — 3 430 
Total PCD Loans$194,502 $1,231 $221 $— $19,246 $215,200 
Total Loans$12,518,214 $19,169 $9,017 $— $95,032 $12,641,432 
 
 December 31, 2025
(In thousands)CurrentAccruing
30-59 Days
Past Due		Accruing
60-89 Days
Past Due		Accruing
Greater
Than
90 Days		NonaccrualTotal
Portfolio Loans      
Construction and land development$577,467 $60 $— $— $1,614 $579,141 
CRE - owner occupied1,489,257 2,313 — — 14,228 1,505,798 
CRE - non-owner occupied2,908,789 1,735 271 — 394 2,911,189 
Residential real estate2,091,065 4,618 364 — 5,821 2,101,868 
Commercial and financial1,807,012 11,518 19 — 9,489 1,828,038 
Consumer140,679 454 28 — 607 141,768 
 Total Portfolio Loans$9,014,269 $20,698 $682 $— $32,153 $9,067,802 
Acquired Non-PCD Loans
Construction and land development$140,286 $— $— $— $1,040 $141,326 
CRE - owner occupied504,275 204 39 — 4,600 509,118 
CRE - non-owner occupied1,187,231 151 — — 5,969 1,193,351 
Residential real estate954,820 3,609 195 124 5,088 963,836 
Commercial and financial470,768 50 4,785 — 527 476,130 
Consumer41,103 37 — — 2,181 43,321 
 Total Acquired Non-PCD Loans$3,298,483 $4,051 $5,019 $124 $19,405 $3,327,082 
PCD Loans
Construction and land development$98 $— $— $— $3,365 $3,463 
CRE - owner occupied26,652 — 219 — 1,838 28,709 
CRE - non-owner occupied137,051 389 — — 13,012 150,452 
Residential real estate30,018 993 833 118 1,193 33,155 
Commercial and financial15,786 — — — 1,035 16,821 
Consumer468 30 2 — — 500 
 Total PCD Loans$210,073 $1,412 $1,054 $118 $20,443 $233,100 
Total Loans$12,522,825 $26,161 $6,755 $242 $72,001 $12,627,984 
All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest subsequently received on such loans is accounted for under the cost-recovery method, whereby interest income is not recognized until the loan balance is paid down to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, and future payments are reasonably assured. The Company recognized interest income of $0.8 million and $0.7 million on nonaccrual loans during the three months ended March 31, 2026 and March 31, 2025, respectively.
The following tables present net balances of loans on nonaccrual status as of:
March 31, 2026
(In thousands)Nonaccrual Loans With No Related AllowanceNonaccrual Loans With an AllowanceTotal Nonaccrual Loans
Construction and land development$3,396 $1,830 $5,226 
CRE - owner occupied19,260 3,704 22,964 
CRE - non-owner occupied26,432 1,149 27,581 
Residential real estate6,597 14,672 21,269 
Commercial and financial4,425 11,138 15,563 
Consumer— 2,429 2,429 
Totals $60,110 $34,922 $95,032 
December 31, 2025
(In thousands)Nonaccrual Loans With No Related AllowanceNonaccrual Loans With an AllowanceTotal Nonaccrual Loans
Construction and land development$4,207 $1,812 $6,019 
CRE - owner occupied15,546 5,120 20,666 
CRE - non-owner occupied18,202 1,173 19,375 
Residential real estate1,448 10,654 12,102 
Commercial and financial3,842 7,209 11,051 
Consumer— 2,788 2,788 
Totals$43,245 $28,756 $72,001 

Loans by Risk Rating
The Company utilizes an internal asset classification system as a means of identifying problem and potential problem loans. The following classifications are used to categorize loans under the internal classification system:
•Pass: Loans that are not problem loans or potential problem loans are considered to be pass-rated.
•Special Mention: Loans that do not currently expose the Company to sufficient risk to warrant classification in the Substandard or Doubtful categories, but possess weaknesses that deserve management’s close attention are deemed to be Special Mention.
•Substandard: Loans with the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected.
•Doubtful: Loans that have all the weaknesses inherent in those classified Substandard with the added characteristic that the weakness present makes collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
The following tables present the risk rating of loans and year-to-date1 gross charge offs by year of origination as of:
March 31, 2026
(In thousands)20262025202420232022PriorRevolvingRevolving Converted to TermTotal
Construction and Land Development
Risk Ratings:
Pass$24,696 $185,161 $314,216 $56,399 $23,755 $52,400 $83,201 $— $739,828 
Special Mention— — — 86 15 90 — — 191 
Substandard— 1,063 — 110 1,924 1,072 1,174 — 5,343 
Doubtful— — — — — — — — — 
Total$24,696 $186,224 $314,216 $56,595 $25,694 $53,562 $84,375 $— $745,362 
Gross Charge Offs$— $— $— $— $— $34 $— $— $34 
CRE - owner occupied
Risk Ratings:
Pass$78,791 $361,476 $183,051 $150,522 $224,836 $897,593 $28,633 $— $1,924,902 
Special Mention— — 7,982 — 1,216 17,957 398 — 27,553 
Substandard— 9,344 5,205 17,670 13,203 23,277 731 — 69,430 
Doubtful— — — — — — — — — 
Total$78,791 $370,820 $196,238 $168,192 $239,255 $938,827 $29,762 $— $2,021,885 
Gross Charge Offs$— $— $— $— $16 $6 $— $— $22 
CRE - non-owner occupied
Risk Ratings:
Pass$129,971 $707,606 $465,111 $309,582 $807,337 $1,561,974 $28,104 $— $4,009,685 
Special Mention— 1,315 20 8,934 44,529 36,985 — — 91,783 
Substandard— — — 6,183 38,977 31,375 — — 76,535 
Doubtful— — — — — — — — — 
Total$129,971 $708,921 $465,131 $324,699 $890,843 $1,630,334 $28,104 $— $4,178,003 
Gross Charge Offs$— $— $— $— $— $16 $— $— $16 
Residential real estate
Risk Ratings:
Pass$154,146 $253,898 $179,979 $179,019 $468,525 $1,150,089 $639,360 $93,887 $3,118,903 
Special Mention— 601 531 — 448 2,332 3,697 486 8,095 
Substandard— 52 553 1,731 4,429 14,465 11,685 2,596 35,511 
Doubtful— — — — — — — — — 
Total$154,146 $254,551 $181,063 $180,750 $473,402 $1,166,886 $654,742 $96,969 $3,162,509 
Gross Charge Offs$— $— $— $— $164 $94 $— $— $258 
Commercial and financial
Risk Ratings:
Pass$88,576 $595,961 $379,493 $144,653 $224,473 $347,927 $532,854 $— $2,313,937 
Special Mention— 215 813 53 588 3,249 3,818 — 8,736 
Substandard— — 922 3,477 4,319 14,021 5,308 — 28,047 
Doubtful— — — — — 2,398 — — 2,398 
Total$88,576 $596,176 $381,228 $148,183 $229,380 $367,595 $541,980 $— $2,353,118 
Gross Charge Offs$— $— $— $— $— $876 $2,021 $— $2,897 
Consumer
Risk Ratings:
Pass$4,080 $14,452 $12,589 $7,968 $18,083 $45,962 $74,248 $— $177,382 
Special Mention— 74 94 — 44 13 130 — 355 
Substandard— 16 — 19 1,954 798 31 — 2,818 
Doubtful— — — — — — — — — 
Total$4,080 $14,542 $12,683 $7,987 $20,081 $46,773 $74,409 $— $180,555 
Gross Charge Offs$424 $21 $28 $106 $18 $22 $81 $— $700 
Consolidated
Total$480,260 $2,131,234 $1,550,559 $886,406 $1,878,655 $4,203,977 $1,413,372 $96,969 $12,641,432 
Gross Charge Offs$424 $21 $28 $106 $198 $1,048 $2,102 $— $3,927 
1 Represents gross charge-offs for the three months ending March 31, 2026
December 31, 2025
(In thousands)20252024202320222021PriorRevolvingRevolving Converted to TermTotal
Construction and Land Development
Risk Ratings:
Pass$121,237 $332,530 $57,222 $41,967 $38,085 $31,055 $87,508 $— $709,604 
Special Mention— — — — 4,914 348 — — 5,262 
Substandard999 — 3,819 2,095 — 965 1,186 — 9,064 
Doubtful— — — — — — — — — 
Total$122,236 $332,530 $61,041 $44,062 $42,999 $32,368 $88,694 $— $723,930 
Gross Charge Offs$— $— $115 $— $24 $17 $— $— $156 
CRE - owner occupied
Risk Ratings:
Pass$405,841 $180,447 $156,256 $235,989 $241,758 $703,744 $29,882 $— $1,953,917 
Special Mention— 7,380 2,816 966 5,319 12,838 398 — 29,717 
Substandard— 3,464 11,342 17,878 2,194 25,038 75 — 59,991 
Doubtful— — — — — — — — — 
Total$405,841 $191,291 $170,414 $254,833 $249,271 $741,620 $30,355 $— $2,043,625 
Gross Charge Offs$— $— $— $238 $— $490 $— $— $728 
CRE - non-owner occupied
Risk Ratings:
Pass$704,003 $538,748 $318,106 $848,500 $552,105 $1,084,106 $31,102 $— $4,076,670 
Special Mention— 22 8,984 44,738 9,781 42,347 — — 105,872 
Substandard— — — 39,559 9,061 23,830 — — 72,450 
Doubtful— — — — — — — — — 
Total$704,003 $538,770 $327,090 $932,797 $570,947 $1,150,283 $31,102 $— $4,254,992 
Gross Charge Offs$— $— $— $— $— $420 $— $— $420 
Residential real estate
Risk Ratings:
Pass$272,509 $196,766 $185,686 $476,581 $610,708 $569,549 $662,764 $96,123 $3,070,686 
Special Mention— 476 78 1,527 — 663 5,068 174 7,986 
Substandard— 318 113 2,120 5,079 6,630 4,810 1,117 20,187 
Doubtful— — — — — — — — — 
Total$272,509 $197,560 $185,877 $480,228 $615,787 $576,842 $672,642 $97,414 $3,098,859 
Gross Charge Offs$— $— $— $145 $210 $36 $19 $— $410 
Commercial and financial
Risk Ratings:
Pass$582,118 $414,134 $151,321 $252,087 $215,002 $167,651 $495,663 $— $2,277,976 
Special Mention— 1,286 110 584 2,229 6,312 3,570 — 14,091 
Substandard— 716 2,944 5,067 6,538 6,211 6,850 — 28,326 
Doubtful— — — — 596 — — — 596 
Total$582,118 $416,136 $154,375 $257,738 $224,365 $180,174 $506,083 $— $2,320,989 
Gross Charge Offs$— $— $85 $2,075 $1,231 $9,637 $2,493 $— $15,521 
Consumer
Risk Ratings:
Pass$16,392 $13,716 $9,603 $19,441 $15,123 $36,026 $72,246 $— $182,547 
Special Mention15 33 — 2 — 12 168 — 230 
Substandard4 13 23 2,261 — 461 50 — 2,812 
Doubtful— — — — — — — — — 
Total$16,411 $13,762 $9,626 $21,704 $15,123 $36,499 $72,464 $— $185,589 
Gross Charge Offs$842 $201 $62 $1,294 $108 $42 $238 $— $2,787 
Consolidated
Total$2,103,118 $1,690,049 $908,423 $1,991,362 $1,718,492 $2,717,786 $1,401,340 $97,414 $12,627,984 
Gross Charge Offs$842 $201 $262 $3,752 $1,573 $10,642 $2,750 $— $20,022 
1 Represents gross charge-offs for the year ending December 31, 2025.
TBMs
The following tables present the amortized cost of TBM loans that were modified during the three months ended March 31, 2026 and March 31, 2025.
March 31, 2026
(In thousands)
Rate Reduction or Rate Reduction with Term Extension
Term Extension and/or Payment Delay
Total1
% of Total Class of Loans
CRE - non-owner occupied$— $6,246 $6,246 0.15 %
Residential real estate— 77 77 — 
Commercial and financial— 515 515 0.02 
Consumer— 5 5 — 
Totals$— $6,843 $6,843 0.05 %
1At March 31, 2026, the unfunded lending related commitments associated with TBMs were immaterial.
March 31, 2025
(In thousands)
Rate Reduction or Rate Reduction with Term Extension
Term Extension and/or Payment Delay
Total1
% of Total Class of Loans
CRE - owner occupied$94 $— $94 0.01 %
Residential real estate— 72 72 — 
Commercial and financial73 1,367 1,440 0.08 
Totals$167 $1,439 $1,606 0.02 %
1At March 31, 2025, the unfunded lending related commitments associated with TBMs were immaterial.
The following tables present the payment status of TBM loans that were modified in the twelve months prior to March 31, 2026 and in the twelve months prior to March 31, 2025.
March 31, 2026
(In thousands)CurrentAccruing
30-59 Days Past Due		Accruing
60-89 Days Past Due		Accruing
Greater
Than 90 Days		NonaccrualTotal
CRE - owner occupied$252 $— $— $— $— $252 
CRE - non-owner occupied6,246 — 2,977 — 2,536 11,759 
Residential real estate175 — — — 149 324 
Commercial and financial2,223 — — — 651 2,874 
Consumer5 — — — 2 7 
Totals$8,901 $— $2,977 $— $3,338 $15,216 
March 31, 2025
(In thousands)CurrentAccruing
30-59 Days Past Due		Accruing
60-89 Days Past Due		Accruing
Greater
Than 90 Days		NonaccrualTotal
Construction and land development$111 $— $— $— $— $111 
CRE - owner occupied94 — — — — 94 
Residential real estate95 — — — 571 666 
Commercial and financial1,262 — — — 636 1,898 
Consumer28 — — — — 28 
Totals$1,590 $— $— $— $1,207 $2,797 
TBM loans that experienced a payment default and that were modified in the 12 months preceding the default were immaterial for each period presented.