The Company generally makes loans in its market areas of southern and central Mississippi; southern and central Alabama; northwest, central and southern Louisiana; the northern, central and panhandle regions of Florida; certain areas of east and northeast Texas; and the metropolitan areas of Nashville, Tennessee and Atlanta, Georgia. In addition, and to a lesser degree, the bank makes loans both regionally and nationally, generally through its specialty lines of business, including the equipment finance, commercial real estate and healthcare segments, often with sponsors in our market areas.

The following table presents loans at their amortized cost basis, by portfolio class at September 30, 2024 and December 31, 2023. The amortized cost basis is net of unearned income and excludes accrued interest totaling $114.3 million and $124.7 million at September 30, 2024 and December 31, 2023, respectively. Accrued interest is reflected in the accrued interest line item in the Consolidated Balance Sheets.

The following briefly describes the composition of each loan category and portfolio class.

Commercial and industrial loans are made available to businesses for working capital (including financing of inventory and receivables), business expansion, facilitating the acquisition of a business, and the purchase of equipment and machinery, including equipment leasing. These loans are primarily made based on the identified cash flows of the borrower and, when secured, have the added strength of the underlying collateral.

Commercial non-real estate loans may be secured by the assets being financed or other tangible or intangible business assets such as accounts receivable, inventory, ownership, enterprise value or commodity interests, and may incorporate a personal or corporate guarantee; however, some short-term loans may be made on an unsecured basis, including a small portfolio of corporate credit cards, generally issued as a part of overall customer relationships.

Commercial real estate – owner occupied loans consist of commercial mortgages on properties where repayment is generally dependent on the cash flow from the ongoing operations and activities of the borrower. Like commercial non-real estate, these loans are primarily made based on the identified cash flows of the borrower, but also have the added strength of the value of underlying real estate collateral.

Commercial real estate – income producing loans consist of loans secured by commercial mortgages on properties where the loan is made to real estate developers or investors and repayment is dependent on the sale, refinance, or income generated from the operation of the property. Properties financed include retail, office, multifamily, senior housing, hotel/motel, skilled nursing facilities and other commercial properties.

Construction and land development loans are made to facilitate the acquisition, development, improvement and construction of both commercial and residential-purpose properties. Such loans are made to builders and investors where repayment is expected to be made from the sale, refinance or operation of the property or to businesses to be used in their business operations. This portfolio also includes residential construction loans and loans secured by raw land not yet under development.

Residential mortgages consist of closed-end loans secured by first liens on 1- 4 family residential properties. The portfolio includes both fixed and adjustable rate loans, although most longer-term, fixed rate loans originated are generally sold in the secondary mortgage market.

Consumer loans include second lien mortgage home loans, home equity lines of credit and nonresidential consumer purpose loans. Nonresidential consumer loans include both direct and indirect loans. Direct nonresidential consumer loans are made to finance the purchase of personal property, including automobiles, recreational vehicles and boats, and for other personal purposes (secured and unsecured), and also include deposit account secured loans. Indirect nonresidential consumer loans include automobile financing provided to the consumer through an agreement with automobile dealerships, though the Company is no longer engaged in this type of lending and the remaining portfolio is in runoff. Consumer loans also include a small portfolio of credit card receivables issued on the basis of applications received through referrals from the Bank’s branches, online and other marketing efforts.

The calculation of the allowance for credit losses is performed using two primary approaches: a collective approach for pools of loans that have similar risk characteristics using a loss rate analysis, and a specific reserve analysis for credits individually evaluated. The allowance for credit losses for collectively evaluated portfolios is developed using multiple Moody’s macroeconomic forecasts applied to internally developed credit models for a two year reasonable and supportable period.

The following tables present activity in the allowance for credit losses (ACL) by portfolio class for the nine months ended September 30, 2024 and 2023, as well as the corresponding recorded investment in loans at the end of each period.


				Commercial			Total			Commercial
	Commercial			Real Estate-			Commercial			Real Estate-			Construction
	Non-Real			Owner			and			Income			and Land			Residential
($ in thousands)	Estate			Occupied			Industrial			Producing			Development			Mortgages			Consumer			Total
	Nine Months Ended September 30, 2024
Allowance for credit losses
Allowance for loan losses:
Beginning balance	$	101,737		$	40,197		$	141,934		$	74,539		$	27,039		$	38,983		$	25,412		$	307,907
Charge-offs		(33,869	)		—			(33,869	)		(8,819	)		(264	)		(229	)		(13,249	)		(56,430	)
Recoveries		18,067			986			19,053			7			62			430			2,586			22,138
Net provision for loan losses		22,808			(3,643	)		19,165			12,740			(2,044	)		3,673			10,122			43,656
Ending balance - allowance for loan losses	$	108,743		$	37,540		$	146,283		$	78,467		$	24,793		$	42,857		$	24,871		$	317,271
Reserve for unfunded lending commitments:
Beginning balance	$	5,507		$	327		$	5,834		$	1,344		$	20,019		$	30		$	1,667		$	28,894
Provision for losses on unfunded commitments		752			(43	)		709			(353	)		(4,250	)		(27	)		520			(3,401	)
Ending balance - reserve for unfunded lending commitments		6,259			284			6,543			991			15,769			3			2,187			25,493
Total allowance for credit losses	$	115,002		$	37,824		$	152,826		$	79,458		$	40,562		$	42,860		$	27,058		$	342,764
Allowance for loan losses:
Individually evaluated	$	4,283		$	51		$	4,334		$	—		$	—		$	750		$	197		$	5,281
Collectively evaluated		104,460			37,489			141,949			78,467			24,793			42,107			24,674			311,990
Allowance for loan losses	$	108,743		$	37,540		$	146,283		$	78,467		$	24,793		$	42,857		$	24,871		$	317,271
Reserve for unfunded lending commitments:
Individually evaluated	$	713		$	—		$	713		$	—		$	—		$	—		$	—		$	713
Collectively evaluated		5,546			284			5,830			991			15,769			3			2,187			24,780
Reserve for unfunded lending commitments	$	6,259		$	284		$	6,543		$	991		$	15,769		$	3		$	2,187		$	25,493
Total allowance for credit losses	$	115,002		$	37,824		$	152,826		$	79,458		$	40,562		$	42,860		$	27,058		$	342,764
Loans:
Individually evaluated	$	12,435		$	1,219		$	13,654		$	1,679		$	5,694		$	1,893		$	3,096		$	26,016
Collectively evaluated		9,575,874			3,094,954			12,670,828			3,986,982			1,417,921			3,986,416			1,367,424			23,429,571
Total loans	$	9,588,309		$	3,096,173		$	12,684,482		$	3,988,661		$	1,423,615		$	3,988,309		$	1,370,520		$	23,455,587

In arriving at the allowance for credit losses at September 30, 2024, the Company weighted Moody’s September 2024 baseline economic forecast at 40% and downside mild recessionary S-2 scenario at 60%. The September 2024 baseline scenario maintains a generally optimistic outlook in its assumptions surrounding the drivers of economic growth, including its expectations of the effectiveness of the Federal Reserve's monetary policy in easing inflationary conditions without precipitating a recession. The S-2

scenario is less optimistic compared to the baseline, with a decline in business and consumer sentiment, rising political tensions, continuing elevated inflation and interest rates, and reduced credit availability leading to a forecasted mild recession beginning in the fourth quarter of 2024 and lasting for three quarters.

The increase in the allowance for loan losses at September 30, 2024 compared to December 31, 2023, reflects a relatively consistent credit loss outlook with continued focus on risks that impact certain segments within the Company’s loan portfolio, resulting in modest allowance builds across several portfolios. The decline in the reserve for unfunded commitments compared to December 31, 2023 was largely volume driven.


				Commercial			Total			Commercial
	Commercial			Real Estate-			Commercial			Real Estate-			Construction
	Non-Real			Owner			and			Income			and Land			Residential
($ in thousands)	Estate			Occupied			Industrial			Producing			Development			Mortgages			Consumer			Total
	Nine Months Ended September 30, 2023
Allowance for credit losses
Allowance for loan losses:
Beginning balance	$	96,461		$	48,284		$	144,745		$	71,961		$	30,498		$	32,464		$	28,121		$	307,789
Charge-offs		(44,837	)		—			(44,837	)		(73	)		(72	)		(53	)		(10,787	)		(55,822	)
Recoveries		4,419			447			4,866			12			10			888			2,701			8,477
Net provision for loan losses		43,622			(7,152	)		36,470			2,441			(2,213	)		3,563			5,586			45,847
Ending balance - allowance for loan losses	$	99,665		$	41,579		$	141,244		$	74,341		$	28,223		$	36,862		$	25,621		$	306,291
Reserve for unfunded lending commitments:
Beginning balance	$	4,984		$	302		$	5,286		$	1,395		$	25,110		$	31		$	1,487		$	33,309
Provision for losses on unfunded commitments		270			10			280			39			(3,874	)		4			(145	)		(3,696	)
Ending balance - reserve for unfunded lending commitments		5,254			312			5,566			1,434			21,236			35			1,342			29,613
Total allowance for credit losses	$	104,919		$	41,891		$	146,810		$	75,775		$	49,459		$	36,897		$	26,963		$	335,904
Allowance for loan losses:
Individually evaluated	$	1,666		$	—		$	1,666		$	—		$	—		$	—		$	—		$	1,666
Collectively evaluated		97,999			41,579			139,578			74,341			28,223			36,862			25,621			304,625
Allowance for loan losses	$	99,665		$	41,579		$	141,244		$	74,341		$	28,223		$	36,862		$	25,621		$	306,291
Reserve for unfunded lending commitments:
Individually evaluated	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Collectively evaluated		5,254			312			5,566			1,434			21,236			35			1,342			29,613
Reserve for unfunded lending commitments	$	5,254		$	312		$	5,566		$	1,434		$	21,236		$	35		$	1,342		$	29,613
Total allowance for credit losses	$	104,919		$	41,891		$	146,810		$	75,775		$	49,459		$	36,897		$	26,963		$	335,904
Loans:
Individually evaluated	$	17,658		$	—		$	17,658		$	—		$	—		$	—		$	—		$	17,658
Collectively evaluated		10,057,927			3,081,327			13,139,254			4,027,553			1,614,846			3,721,106			1,463,262			23,966,021
Total loans	$	10,075,585		$	3,081,327		$	13,156,912		$	4,027,553		$	1,614,846		$	3,721,106		$	1,463,262		$	23,983,679

The allowance for credit loss for the nine months ended September 30, 2023, was down slightly when compared to December 31, 2022, reflecting a relatively stable economic outlook, with shifts between portfolios and a relatively modest decline in reserve coverage. In arriving at the allowance for credit losses at September 30, 2023, the Company weighted the baseline economic forecast at 40% and the downside S-2 mild recession scenario at 60%.

As a part of our loss mitigation efforts, we may provide modifications to borrowers experiencing financial difficulty to improve long-term collectability of the loans and to avoid the need for repossession or foreclosure of collateral. Nonaccrual loans include reportable nonaccruing modified loans to borrowers experiencing financial difficulty (“MEFDs”) totaling $5.4 million and $0.1 million at September 30, 2024 and December 31, 2023, respectively. Total reportable MEFDs, both accruing and nonaccruing, were $95.6

million and $24.5 million at September 30, 2024 and December 31, 2023, respectively. The Company had unfunded exposure to borrowers whose loan terms have been modified as a reportable MEFD totaling $13.6 million and $0.7 million at September 30, 2024 and December 31, 2023, respectively.

The tables below provide detail by portfolio class for reportable MEFDs entered into during the three and nine months ended September 30, 2024 and 2023. Modified facilities are reported using the balance at the end of each period reported and are reflected only once in each table based on the type of modification or combination of modification.



	Three Months Ended September 30, 2024
	Term Extension					Significant Payment Delay				Term Extensions and Significant Payment Delay					Other
($ in thousands)	Balance		Percentage of Portfolio			Balance		Percentage of Portfolio		Balance		Percentage of Portfolio			Balance		Percentage of Portfolio
Commercial non-real estate	$	48,913		0.51	%	$	—		—	$	17,020		0.18	%	$	—		—
Commercial real estate - owner occupied		—		—			—		—		—		—			—		—
Total commercial and industrial		48,913		0.39	%		—		—		17,020		0.13	%		—		—
Commercial real estate - income producing		3,050		0.08	%		—		—		—		—			—		—
Construction and land development		—		—			—		—		—		—			—		—
Residential mortgages		988		0.02	%		—		—		—		—			—		—
Consumer		—		—			—		—		—		—			—		—
Total reportable modified loans	$	52,951		0.23	%	$	—		—	$	17,020		0.07	%	$	—		—



	Nine Months Ended September 30, 2024
	Term Extension					Significant Payment Delay				Term Extensions and Significant Payment Delay					Other
($ in thousands)	Balance		Percentage of Portfolio			Balance		Percentage of Portfolio		Balance		Percentage of Portfolio			Balance		Percentage of Portfolio
Commercial non-real estate	$	65,619		0.68	%	$	—		—	$	17,020		0.18	%	$	—		—
Commercial real estate - owner occupied		—		—			—		—		—		—			—		—
Total commercial and industrial		65,619		0.52	%		—		—		17,020		0.13	%		—		—
Commercial real estate - income producing		3,050		0.08	%		—		—		—		—			—		—
Construction and land development		—		—			—		—		—		—			—		—
Residential mortgages		3,618		0.09	%		—		—		—		—			—		—
Consumer		143		0.01	%		—		—		—		—			—		—
Total reportable modified loans	$	72,430		0.31	%	$	—		—	$	17,020		0.07	%	$	—		—


	Three Months Ended September 30, 2023
	Term Extension					Significant Payment Delay				Term Extensions and Significant Payment Delay					Other(1)
($ in thousands)	Balance		Percentage of Portfolio			Balance		Percentage of Portfolio		Balance		Percentage of Portfolio			Balance		Percentage of Portfolio
Commercial non-real estate	$	5,873		0.06	%	$	—		—	$	4,431		0.04	%	$	—		—
Commercial real estate - owner occupied		—		—			—		—		17,035		0.55	%		—		—
Total commercial and industrial		5,873		0.04	%		—		—		21,466		0.16	%		—		—
Commercial real estate - income producing		—		—			—		—		—		—			—		—
Construction and land development		86		0.01	%		—		—		—		—			—		—
Residential mortgages		120		0.00	%		—		—		—		—			66		0.00	%
Consumer		62		0.00	%		—		—		—		—			—		—
Total reportable modified loans	$	6,141		0.03	%	$	—		—	$	21,466		0.09	%	$	66		0.00	%

(1) Includes interest rate reduction and other than insignificant payment delays


	Nine Months Ended September 30, 2023
	Term Extension					Significant Payment Delay					Term Extensions and Significant Payment Delay					Other(1)
($ in thousands)	Balance		Percentage of Portfolio			Balance		Percentage of Portfolio			Balance		Percentage of Portfolio			Balance		Percentage of Portfolio
Commercial non-real estate	$	6,969		0.07	%	$	100		0.00	%	$	4,431		0.04	%	$	—		—
Commercial real estate - owner occupied		—		—			—		—			17,035		0.55	%		—		—
Total commercial and industrial		6,969		0.05	%		100		0.00	%		21,466		0.16	%		—		—
Commercial real estate - income producing		—		—			—		—			—		—			—		—
Construction and land development		86		0.01	%		—		—			—		—			—		—
Residential mortgages		120		0.00	%		—		—			—		—			66		0.00	%
Consumer		62		0.00	%		—		—			—		—			—		—
Total reportable modified loans	$	7,237		0.03	%	$	100		0.00	%	$	21,466		0.09	%	$	66		0.00	%

(1) Includes interest rate reduction and other than insignificant payment delays

Reportable modifications to borrowers experiencing financial difficulty during the three months ended September 30, 2024 consisted of weighted average term extensions totaling approximately nine months for commercial loans, and two years for residential mortgage loans. Reportable modifications to borrowers experiencing financial difficulty during the nine months ended September 30, 2024 consisted of weighted average term extensions totaling approximately nine months for commercial loans, five years for residential mortgage loans and four years for consumer loans. The weighted average term of other than insignificant payment delays was three months for commercial loans during both the three and nine months ended September 30, 2024. Reported term extensions and payment delays are considered more than insignificant when they exceed six months when considering other modifications made in the past twelve months.

Reportable modifications to borrowers experiencing financial difficulty during both the three and nine months ended September 30, 2023 consisted of weighted average term extensions totaling approximately eight months for commercial loans, fifteen years for residential mortgage loans and five years for consumer loans. The weighted average term of other than insignificant payment delays was four months.

The tables below present the aging analysis of reportable modifications to borrowers experiencing financial difficulty by portfolio class at September 30, 2024 and December 31, 2023.


September 30, 2024	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Reportable Modified Loans
(in thousands)
Commercial non-real estate	$	149	$	—	$	3,955	$	4,104	$	82,459	$	86,563
Commercial real estate - owner occupied		—		—		901		901		799		1,700
Total commercial and industrial		149		—		4,856		5,005		83,258		88,263
Commercial real estate - income producing		—		—		—		—		3,050		3,050
Construction and land development		—		—		—		—		—		—
Residential mortgages		—		—		334		334		3,551		3,885
Consumer		—		—		196		196		158		354
Total reportable modified loans	$	149	$	—	$	5,386	$	5,535	$	90,017	$	95,552


December 31, 2023	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Reportable Modified Loans
(in thousands)
Commercial non-real estate	$	3,149	$	233	$	4,430	$	7,812	$	14,145	$	21,957
Commercial real estate - owner occupied		—		—		—		—		1,774		1,774
Total commercial and industrial		3,149		233		4,430		7,812		15,919		23,731
Commercial real estate - income producing		—		—		—		—		—		—
Construction and land development		—		—		—		—		85		85
Residential mortgages		66		—		—		66		390		456
Consumer		—		—		—		—		274		274
Total reportable modified loans	$	3,215	$	233	$	4,430	$	7,878	$	16,668	$	24,546

There were loans to three commercial borrowers totaling $3.6 million, two residential mortgage borrowers totaling $0.3 million and one consumer borrower totaling $0.2 million with reportable term extensions and/or significant payment delays and interest rate

The tables below present the aging analysis of past due loans by portfolio class at September 30, 2024 and December 31, 2023.


September 30, 2024	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Loans		Recorded Investment > 90 Days and Still Accruing
($ in thousands)
Commercial non-real estate	$	13,822	$	5,275	$	20,944	$	40,041	$	9,548,268	$	9,588,309	$	2,040
Commercial real estate - owner occupied		32,229		977		2,957		36,163		3,060,010		3,096,173		154
Total commercial and industrial		46,051		6,252		23,901		76,204		12,608,278		12,684,482		2,194
Commercial real estate - income producing		264		—		1,875		2,139		3,986,522		3,988,661		—
Construction and land development		528		338		2,534		3,400		1,420,215		1,423,615		68
Residential mortgages		9,700		14,821		30,618		55,139		3,933,170		3,988,309		229
Consumer		11,771		5,464		10,285		27,520		1,343,000		1,370,520		3,476
Total loans	$	68,314	$	26,875	$	69,213	$	164,402	$	23,291,185	$	23,455,587	$	5,967


December 31, 2023	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Loans		Recorded Investment > 90 Days and Still Accruing
($ in thousands)
Commercial non-real estate	$	12,311	$	4,381	$	21,132	$	37,824	$	9,919,460	$	9,957,284	$	5,782
Commercial real estate - owner occupied		1,614		1,596		1,715		4,925		3,088,838		3,093,763		431
Total commercial and industrial		13,925		5,977		22,847		42,749		13,008,298		13,051,047		6,213
Commercial real estate - income producing		3,938		606		408		4,952		3,981,991		3,986,943		—
Construction and land development		1,655		1,220		1,208		4,083		1,547,008		1,551,091		742
Residential mortgages		40,189		9,121		18,960		68,270		3,817,802		3,886,072		172
Consumer		11,059		5,957		6,611		23,627		1,423,137		1,446,764		2,482
Total loans	$	70,766	$	22,881	$	50,034	$	143,681	$	23,778,236	$	23,921,917	$	9,609


	Term Loans														Revolving Loans
September 30, 2024	Amortized Cost Basis by Origination Year												Revolving		Converted to
($ in thousands)	2024		2023		2022		2021		2020		Prior		Loans		Term Loans		Total
Commercial Non-Real Estate:
Pass	$	1,242,683	$	1,148,392	$	1,251,664	$	845,389	$	355,496	$	1,018,069	$	3,039,288	$	71,506	$	8,972,487
Pass-Watch		5,172		49,166		19,600		26,650		12,865		19,682		37,897		14,202		185,234
Special Mention		410		21,334		16,905		—		6,253		53		47,735		510		93,200
Substandard		20,158		66,281		123,382		18,152		7,965		3,379		77,009		21,062		337,388
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	1,268,423	$	1,285,173	$	1,411,551	$	890,191	$	382,579	$	1,041,183	$	3,201,929	$	107,280	$	9,588,309
Gross Charge-offs	$	568	$	7,126	$	5,634	$	7,165	$	162	$	1,885	$	4,706	$	6,623	$	33,869
Commercial Real Estate - Owner Occupied:
Pass	$	221,770	$	356,662	$	643,008	$	584,204	$	458,822	$	643,226	$	46,773	$	916	$	2,955,381
Pass-Watch		16,589		4,744		25,530		9,248		6,073		28,133		976		2,124		93,417
Special Mention		3,840		—		3,011		687		—		1,149		500		—		9,187
Substandard		1,712		900		20,333		278		969		13,996		—		—		38,188
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	243,911	$	362,306	$	691,882	$	594,417	$	465,864	$	686,504	$	48,249	$	3,040	$	3,096,173
Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate - Income Producing:
Pass	$	289,495	$	505,801	$	1,017,675	$	828,154	$	593,144	$	566,508	$	29,945	$	1,469	$	3,832,191
Pass-Watch		22,416		2,869		24,497		10,192		55,297		17,490		645		—		133,406
Special Mention		183		150		—		—		—		6,158		—		—		6,491
Substandard		1,849		4,120		8,687		1,679		—		238		—		—		16,573
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	313,943	$	512,940	$	1,050,859	$	840,025	$	648,441	$	590,394	$	30,590	$	1,469	$	3,988,661
Gross Charge-offs	$	—	$	—	$	8,819	$	—	$	—	$	—	$	—	$	—	$	8,819
Construction and Land Development:
Pass	$	195,031	$	448,519	$	347,998	$	144,087	$	33,912	$	15,810	$	161,331	$	4,633	$	1,351,321
Pass-Watch		576		2,271		61,862		313		31		204		57		—		65,314
Special Mention		—		602		—		—		—		—		—		—		602
Substandard		209		937		1,351		3,581		26		274		—		—		6,378
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	195,816	$	452,329	$	411,211	$	147,981	$	33,969	$	16,288	$	161,388	$	4,633	$	1,423,615
Gross Charge-offs	$	—	$	113	$	94	$	30	$	—	$	20	$	—	$	7	$	264
Residential Mortgage:
Performing	$	139,957	$	421,239	$	1,063,683	$	905,026	$	457,681	$	958,095	$	3,311	$	205	$	3,949,197
Nonperforming		96		4,733		7,394		5,557		930		20,402		—		—		39,112
Total	$	140,053	$	425,972	$	1,071,077	$	910,583	$	458,611	$	978,497	$	3,311	$	205	$	3,988,309
Gross Charge-offs	$	—	$	57	$	67	$	2	$	—	$	103	$	—	$	—	$	229
Consumer Loans:
Performing	$	50,157	$	44,130	$	40,744	$	24,123	$	19,084	$	49,064	$	1,108,488	$	23,496	$	1,359,286
Nonperforming		49		63		456		706		787		3,750		716		4,707		11,234
Total	$	50,206	$	44,193	$	41,200	$	24,829	$	19,871	$	52,814	$	1,109,204	$	28,203	$	1,370,520
Gross Charge-offs	$	31	$	1,317	$	1,996	$	904	$	162	$	760	$	6,395	$	1,684	$	13,249


	Term Loans														Revolving Loans
December 31, 2023	Amortized Cost Basis by Origination Year												Revolving		Converted to
($ in thousands)	2023		2022		2021		2020		2019		Prior		Loans		Term Loans		Total
Commercial Non-Real Estate:
Pass	$	1,557,202	$	1,812,370	$	1,106,433	$	483,739	$	398,626	$	923,143	$	3,186,189	$	56,316	$	9,524,018
Pass-Watch		30,360		60,228		20,730		8,245		4,988		9,117		94,252		6,291		234,211
Special Mention		411		6,206		936		27		26		836		2,620		424		11,486
Substandard		48,264		48,178		18,882		8,058		3,079		1,660		54,453		4,995		187,569
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	1,636,237	$	1,926,982	$	1,146,981	$	500,069	$	406,719	$	934,756	$	3,337,514	$	68,026	$	9,957,284
Gross Charge-offs	$	7,885	$	1,179	$	1,484	$	27,000	$	81	$	1,750	$	11,971	$	8,480	$	59,830
Commercial Real Estate - Owner Occupied:
Pass	$	374,466	$	689,626	$	620,272	$	501,054	$	284,032	$	493,707	$	40,533	$	12,587	$	3,016,277
Pass-Watch		2,574		9,587		9,654		3,451		8,791		17,581		389		—		52,027
Special Mention		837		—		617		—		110		5,083		—		—		6,647
Substandard		2,322		4,956		967		1,295		584		7,374		1,314		—		18,812
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	380,199	$	704,169	$	631,510	$	505,800	$	293,517	$	523,745	$	42,236	$	12,587	$	3,093,763
Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate - Income Producing:
Pass	$	456,334	$	953,501	$	966,402	$	618,003	$	323,344	$	367,010	$	65,486	$	48,924	$	3,799,004
Pass-Watch		9,469		3,064		3,886		75,182		23,827		22,504		2,000		—		139,932
Special Mention		156		32,255		—		354		—		8,061		—		—		40,826
Substandard		4,086		1,921		286		—		122		766		—		—		7,181
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	470,045	$	990,741	$	970,574	$	693,539	$	347,293	$	398,341	$	67,486	$	48,924	$	3,986,943
Gross Charge-offs	$	73	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	73
Construction and Land Development:
Pass	$	388,453	$	676,687	$	248,036	$	62,086	$	6,008	$	18,834	$	139,587	$	2,769	$	1,542,460
Pass-Watch		3,067		2,820		827		83		128		323		212		—		7,460
Special Mention		294		—		—		—		62		—		—		—		356
Substandard		—		87		96		49		9		279		295		—		815
Doubtful		—		—		—		—		—		—		—		—		—
Total	$	391,814	$	679,594	$	248,959	$	62,218	$	6,207	$	19,436	$	140,094	$	2,769	$	1,551,091
Gross Charge-offs	$	—	$	7	$	54	$	—	$	—	$	11	$	—	$	—	$	72
Residential Mortgage:
Performing	$	439,024	$	910,361	$	950,400	$	489,262	$	176,041	$	891,232	$	3,615	$	—	$	3,859,935
Nonperforming		561		2,233		3,260		730		2,366		16,987		—		—		26,137
Total	$	439,585	$	912,594	$	953,660	$	489,992	$	178,407	$	908,219	$	3,615	$	—	$	3,886,072
Gross Charge-offs	$	—	$	—	$	—	$	—	$	—	$	55	$	—	$	—	$	55
Consumer Loans:
Performing	$	75,615	$	59,454	$	36,693	$	28,076	$	31,802	$	39,150	$	1,144,401	$	23,018	$	1,438,209
Nonperforming		176		237		245		438		445		2,528		369		4,117		8,555
Total	$	75,791	$	59,691	$	36,938	$	28,514	$	32,247	$	41,678	$	1,144,770	$	27,135	$	1,446,764
Gross Charge-offs	$	567	$	2,388	$	1,473	$	215	$	573	$	824	$	7,735	$	1,618	$	15,393

Loans in process of foreclosure include those for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. Included in loans at September 30, 2024 and December 31, 2023 were $6.6 million and $7.1 million, respectively, of consumer loans secured by single family residential real estate that were in process of foreclosure. In addition to the single family residential real estate loans in process of foreclosure, the Company also held foreclosed single family residential properties in other real estate owned totaling $1.7 million and $1.6 million at September 30, 2024 and December 31, 2023, respectively.

Loans held for sale totaled $24.6 million and $26.1 million at September 30, 2024 and December 31, 2023, respectively. Loans held for sale is composed primarily of residential mortgage loans originated for sale in the secondary market. At September 30, 2024, residential mortgage loans carried at the fair value option totaled $23.5 million with an unpaid principal balance of $22.9 million. At December 31, 2023, residential mortgage loans carried at the fair value option totaled $13.3 million with an unpaid principal balance of $12.9 million. All other loans held for sale are carried at the lower of cost or market.