Loans Held for Investment

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Loans

LOANS HELD FOR INVESTMENT

The following table presents loans by class of receivable and portfolio segment as of the dates indicated:

December 31,	2025		2024
Real estate:
Commercial	$	8,144.4	$	9,263.2
Construction	837.2		1,244.6
Residential	2,108.8		2,191.6
Agricultural	629.0		701.1
Total real estate	11,719.4		13,400.5
Consumer:
Indirect	477.5		725.0
Direct and advance lines	131.5		134.0
Credit card	—		77.6
Total consumer	609.0		936.6
Commercial	2,359.6		2,829.4
Agricultural	520.2		687.9
Other, including overdrafts	1.7		1.6
Loans held for investment	15,209.9		17,856.0
Deferred loan fees and costs	(8.3)		(11.1)
Loans held for investment, net of deferred fees and costs	15,201.6		17,844.9
Allowance for credit losses	(191.4)		(204.1)
Net loans held for investment	$	15,010.2	$	17,640.8

Allowance for Credit Losses

The following tables represent, by loan portfolio segments, the activity in the allowance for credit losses for loans held for investment:

December 31, 2025	Beginning Balance		Provision for Credit Losses		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate	$	139.4	$	7.8	$	(23.6)	$	7.6	$	131.2
Consumer	16.8		6.2		(17.5)		5.7		11.2
Commercial	38.9		4.6		(8.9)		2.3		36.9
Agricultural	9.0		7.9		(5.0)		0.2		12.1
Total allowance for credit losses	$	204.1	$	26.5	$	(55.0)	$	15.8	$	191.4

December 31, 2024	Beginning Balance		Provision for Credit Loss		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate	$	160.1	$	17.7	$	(39.6)	$	1.2	$	139.4
Consumer	13.0		14.3		(15.4)		4.9		16.8
Commercial	50.2		44.3		(59.4)		3.8		38.9
Agricultural	4.4		4.6		(0.3)		0.3		9.0
Total allowance for credit losses	$	227.7	$	80.9	$	(114.7)	$	10.2	$	204.1

December 31, 2023	Beginning Balance		Provision for (reversal of) Credit Loss		Loans Charged-Off(2)		Recoveries Collected		Ending Balance
Allowance for credit losses (1)
Real estate	$	138.7	$	35.2	$	(18.5)	$	4.7	$	160.1
Consumer	23.3		(1.0)		(14.0)		4.7		13.0
Commercial	54.9		(3.9)		(3.4)		2.6		50.2
Agricultural	3.2		0.8		—		0.4		4.4
Total allowance for credit losses	$	220.1	$	31.1	$	(35.9)	$	12.4	$	227.7
(1) Amounts presented exclude the allowance for credit losses related to unfunded commitments and investment securities. The allowance for credit losses related to unfunded commitments and investment securities are included in the “Financial Instruments with Off-Balance Sheet Risk” Note and “Investment Securities” Note, respectively.
(2) Loans, or portions thereof, are charged-off against the allowance for credit losses when management believes the collectability of the principal is unlikely, or, with respect to consumer installment loans, according to an established delinquency schedule.

Collateral-Dependent Loans

A collateral-dependent loan relies substantially on the operation or sale of the collateral securing the loan for repayment. A loan may become collateral-dependent when foreclosure is probable or the borrower is experiencing financial difficulty and its sources of repayment become inadequate over time.

The following tables present the principal balance of collateral-dependent loans by class of receivable as of the dates indicated:

	Collateral Type
As of December 31, 2025	Business Assets		Real Property		Other		Total
Real estate:
Commercial	$	—	$	33.5	$	—	$	33.5
Construction	—		3.8		—		3.8
Residential	—		2.6		—		2.6
Agricultural	0.5		23.3		—		23.8
Total real estate	0.5		63.2		—		63.7
Commercial	5.3		8.4		1.3		15.0
Agricultural	22.9		0.5		—		23.4
Total collateral-dependent loans	$	28.7	$	72.1	$	1.3	$	102.1
	Collateral Type
As of December 31, 2024	Business Assets		Real Property		Other		Total
Real estate:
Commercial	$	—	$	47.3	$	—	$	47.3
Construction	—		3.2		—		3.2
Residential	—		2.7		—		2.7
Agricultural	—		1.8		—		1.8
Total real estate	—		55.0		—		55.0
Commercial	20.3		1.1		0.8		22.2
Agricultural	—		20.3		0.1		20.4
Total collateral-dependent loans	$	20.3	$	76.4	$	0.9	$	97.6

Loans are considered past due if the required principal and interest payments have not been received 30 days or more past the contractual payment due date. Loans classified in the following table as 90 days or more past due continue to accrue interest. The following tables present the contractual aging of the Company’s recorded principal balance of loans by class of receivable as of the dates indicated:

	30 - 59		60 - 89		90 or more
	Days		Days		Days		Total Loans		Current		Non-accrual		Total
As of December 31, 2025	Past Due		Past Due		Past Due		Past Due		Loans		Loans(1)(2)(3)		Loans
Real estate:
Commercial	$	34.1	$	5.7	$	0.3	$	40.1	$	8,068.7	$	35.6	$	8,144.4
Construction	13.4		0.1		—		13.5		819.4		4.3		837.2
Residential	8.3		2.5		0.1		10.9		2,084.0		13.9		2,108.8
Agricultural	0.2		—		—		0.2		601.7		27.1		629.0
Total real estate	56.0		8.3		0.4		64.7		11,573.8		80.9		11,719.4
Consumer:
Indirect	6.5		1.7		0.1		8.3		463.6		5.6		477.5
Direct and advance lines	0.9		0.2		—		1.1		129.7		0.7		131.5
Total consumer	7.4		1.9		0.1		9.4		593.3		6.3		609.0
Commercial	3.1		4.9		0.9		8.9		2,329.0		21.7		2,359.6
Agricultural	0.5		0.6		—		1.1		494.5		24.6		520.2
Other, including overdrafts	—		—		—		—		1.7		—		1.7
Loans held for investment	$	67.0	$	15.7	$	1.4	$	84.1	$	14,992.3	$	133.5	$	15,209.9

	30 - 59		60 - 89		90 or more
	Days		Days		Days		Total Loans		Current		Non-accrual		Total
As of December 31, 2024	Past Due		Past Due		Past Due		Past Due		Loans		Loans(1)(2)(3)		Loans
Real estate:
Commercial	$	4.9	$	2.8	$	—	$	7.7	$	9,200.1	$	55.4	$	9,263.2
Construction	3.7		—		—		3.7		1,237.6		3.3		1,244.6
Residential	6.6		2.7		0.4		9.7		2,166.5		15.4		2,191.6
Agricultural	7.6		2.8		—		10.4		685.4		5.3		701.1
Total real estate	22.8		8.3		0.4		31.5		13,289.6		79.4		13,400.5
Consumer:
Indirect	8.4		2.6		0.7		11.7		709.4		3.9		725.0
Direct and advance lines	0.6		0.2		0.3		1.1		132.3		0.6		134.0
Credit card	0.7		0.5		1.0		2.2		75.4		—		77.6
Total consumer	9.7		3.3		2.0		15.0		917.1		4.5		936.6
Commercial	11.2		3.0		0.6		14.8		2,781.1		33.5		2,829.4
Agricultural	2.4		2.8		—		5.2		661.8		20.9		687.9
Other, including overdrafts	—		—		—		—		1.6		—		1.6
Loans held for investment	$	46.1	$	17.4	$	3.0	$	66.5	$	17,651.2	$	138.3	$	17,856.0

(1) As of December 31, 2025 and 2024, none of our non-accrual loans were earning interest income. Additionally, $5.6 million and $5.5 million of interest income was recognized on non-accrual loans at December 31, 2025 and 2024, respectively. There were $3.4 million and $4.1 million in reversals of accrued interest at December 31, 2025 and 2024, respectively.

(2) As of December 31, 2025 and 2024, there were approximately $59.8 million and $56.9 million, respectively, of non-accrual loans for which there was no related allowance for credit losses, as these loans had sufficient collateral securing the loan for repayment.

(3) As of December 31, 2025, there were approximately $4.5 million, $3.8 million, and $60.5 million of non-accrual loans that were 30-59 days past due, 60-89 days past due, and 90 days or more past due, respectively. As of December 31, 2024, there were approximately $13.5 million, $6.2 million, and $40.5 million of non-accrual loans that were 30-59 days past due, 60-89 days past due, and 90 days or more past due, respectively.

Modifications to Borrowers Experiencing Financial Difficulty

Modifications of loans are made in the ordinary course of business and are completed on a case-by-case basis through negotiation with the borrower in connection with the ongoing loan collection processes. Loan modifications with borrowers are made to provide payment relief to borrowers experiencing financial difficulty.

From time to time, we may modify certain loans to borrowers who are experiencing financial difficulty. In some cases, these modifications may result in new loans. Loan modifications to borrowers experiencing financial difficulty may be in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, a term extension, or a combination thereof, among other things.

The following tables present the amortized cost basis of loans, by class and by type of modification, as of and for the years ended December 31, 2025, 2024, and 2023, that were both experiencing financial difficulty and modified during the periods indicated. The percentage of the principal balance of loans that were modified to borrowers in financial distress as compared to the principal balance of each class of receivable is also presented below:

2025	Principal Forgiveness		Term Extension		Rate Reduction		Term Extension and Interest Rate Reduction		Total		% of Total Class of Loans Held for Investment (1)
Real estate:
Commercial	$	—	$	28.5	$	—	$	1.5	$	30.0	0.37	%
Construction	—		1.9		—		—		1.9		0.23
Residential	—		0.3		—		0.1		0.4		0.02
Agricultural	—		11.6		—		2.8		14.4		2.29
Total real estate	—		42.3		—		4.4		46.7		0.40
Consumer:
Indirect	—		0.1		—		—		0.1		0.02
Total consumer	—		0.1		—		—		0.1		0.02
Commercial	—		34.2		—		0.4		34.6		1.47
Agricultural	—		9.2		—		—		9.2		1.77
Loans held for investment(2)	$	—	$	85.8	$	—	$	4.8	$	90.6	0.60
2024
Real estate:
Commercial	$	—	$	26.4	$	—	$	—	$	26.4	0.28	%
Construction	—		1.9		—		—		1.9		0.15
Residential	—		—		—		0.3		0.3		0.01
Agricultural	—		12.0		—		—		12.0		1.71
Total real estate	—		40.3		—		0.3		40.6		0.30
Consumer:
Indirect	—		0.1		—		—		0.1		0.01
Total consumer	—		0.1		—		—		0.1		0.01
Commercial	—		8.9		—		0.6		9.5		0.34
Agricultural	—		20.1		—		—		20.1		2.92
Loans held for investment(2)	$	—	$	69.4	$	—	$	0.9	$	70.3	0.39
2023
Real estate:
Commercial	$	1.5	$	28.6	$	1.1	$	0.6	$	31.8	0.36	%
Construction	—		13.7		—		—		13.7		0.75
Residential	0.1		0.6		—		—		0.7		0.03
Agricultural	—		6.4		—		—		6.4		0.89
Total real estate	1.6		49.3		1.1		0.6		52.6		0.39
Consumer:
Indirect	—		0.1		—		—		0.1		0.01
Direct and advance lines	—		0.1		—		—		0.1		0.07
Total consumer	—		0.2		—		—		0.2		0.02
Commercial	—		7.4		—		0.2		7.6		0.26
Agricultural	—		36.1		—		—		36.1		4.69
Loans held for investment(2)	$	1.6	$	93.0	$	1.1	$	0.8	$	96.5	0.53

(1) Based on the principal balance as of period end, divided by the period end principal balance of the corresponding class of receivables.

(2) As of and for the years ended December 31, 2025 and 2024, and 2023, the Company excluded $1.4 million, $0.2 million, and $1.6 million, respectively, in accrued interest from the amortized cost of the identified loans.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty as of and for the years ended December 31, 2025, 2024, and 2023:

						Term Extension and Interest Rate Reduction
2025	Principal Forgiveness		Weighted-Average Months of Term Extension	Weighted-Average Interest Rate Reduction		Weighted-Average Months of Term Extension	Weighted-Average Interest Rate Reduction
Real estate:
Commercial	$	—	9.3	—	%	10.7	1.0	%
Construction	—		7.4	—		0.0	—
Residential	—		22.3	—		84.8	2.2
Agricultural	—		12.7	—		4.0	0.3
Total real estate	—
Consumer:
Indirect	—		10.5	—		0.0	—
Total consumer	—
Commercial	—		7.7	—		71.8	1.4
Agricultural	—		7.1	—		7.9	1.0
Loans held for investment (1)	$	—
2024
Real estate:
Commercial	$	—	8.6	—	%	0.0	—	%
Construction	—		4.0	—		0.0	—
Residential	—		0.0	—		31.2	3.4
Agricultural	—		10.4	—		0.0	—
Total real estate	—
Consumer:
Indirect	—		7.0	—		0.0	—
Total consumer	—
Commercial	—		20.2	—		10.0	1.0
Agricultural	—		9.4	—		0.0	—
Loans held for investment (1)	$	—
2023
Real estate:
Commercial	$	1.3	5.8	0.35	%	6.0	0.3	%
Construction	—		9.1	—		0.0	—
Residential	0.3		131.6	—		0.0	—
Agricultural	—		4.5	—		0.0	—
Total real estate	1.6
Consumer:
Indirect	—		8.3	—		0.0	—
Direct and advance lines	—		62.1	—		0.0	—
Total consumer	—
Commercial	—		12.2	—		14.6	0.5
Agricultural	—		9.2	—		0.0	—
Loans held for investment (1)	$	1.6
(1) Balances based on loan original contractual terms.

The Company monitors the performance of loan modifications to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. Of the loans that were modified during the twelve-months ended December 31, 2025 and 2024, there were $18.9 million and no loans classified as past due 30 days or more, respectively, with the remaining loans performing in accordance with the modified terms and classified as current at December 31, 2025 and 2024. Of the non-accrual loans that were modified during the twelve-months ended December 31, 2025 and 2024, there were $7.7 million and $7.8 million of loans classified as past due 30 days or more, respectively, with the remaining non-accrual loans performing in accordance with the modified terms and classified as current at December 31, 2025 and 2024.

There were no commitments to lend additional funds related to the loan modifications to borrowers experiencing financial difficulty during the years ended December 31, 2025 and 2024.

There were $0.6 million, $20.9 million and no payment defaults on these loans subsequent to their modifications during the twelve-months ended December 31, 2025, 2024, and 2023, respectively. The Company considers a payment default to occur when the loan is 90 days or more past due or the loan is placed on non-accrual status after the modification. The Company monitors the performance of modified loans on an ongoing basis. In the event of subsequent default, the allowance for credit losses continues to be reassessed based on an individual evaluation of each loan. The modifications made during the periods presented did not significantly impact the Company’s determination of the allowance for credit losses.

Credit Quality Indicators

As part of the on-going and continuous monitoring of the credit quality of the Company’s loan portfolio, management tracks internally assigned risk classifications of loans based on relevant information about the ability of borrowers to service their debt. The factors considered by the Company include, among other factors, the borrower’s current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually to classify the credit risk of the loans. This analysis generally includes loans with an outstanding balance greater than $1.0 million, which are generally considered non-homogeneous loans, such as commercial loans and commercial real estate loans. This analysis is performed no less than on an annual basis, depending upon the size of exposure and the contractual obligations governing the borrower’s financial reporting frequency. Homogeneous loans, including small business loans, are typically monitored by payment performance. The Company internally risk rates its loans in accordance with a Uniform Classification System developed jointly by the various bank regulatory agencies. The Uniform Classification System defines three broad categories of criticized assets, which the Company uses as credit quality indicators in addition to the 6 Pass ratings in its 10-point rating scale:

Special Mention — includes loans that exhibit a potential weakness in financial condition, loan structure, or documentation that warrants management’s close attention. If not promptly corrected, the potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard — includes loans that are inadequately protected by the current net worth and paying capacity of the borrower which have well-defined weaknesses that jeopardize the liquidation of the debt. Although the primary source of repayment for a substandard loan may not currently be sufficient, collateral or other sources of repayment are sufficient to satisfy the debt.

Doubtful — includes loans that exhibit pronounced weaknesses based on currently existing facts, conditions, and values to a point where collection or liquidation for full repayment is highly questionable and improbable. Doubtful loans are required to be placed on non-accrual status and are assigned specific loss exposure.

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered pass-rated loans. A pass-rated loan can be assets where there is virtually no credit risk, such as cash secured loans with funds on deposit with the Bank. Pass-rated loans also include loans that are on our watch lists; these loans are currently performing but are subject to closer monitoring due to certain risk factors or emerging weaknesses that could, if not corrected, result in future deterioration of repayment capacity. These loans do not meet the criteria for classification as Special Mention or a criticized asset, but are included on the bank’s internal watch list to ensure proactive management and early identification of potential credit issues.

The Company evaluates the credit quality and loan performance for the allowance for credit losses of the following class of receivables by origination year using the origination date or the loan’s subsequent renewal or modification date based on the aforementioned risk scale as of and for the periods ended:

	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Commercial real estate:
Pass	$	1,025.6	$	948.6	$	1,095.2	$	1,344.8	$	1,101.6	$	1,892.9	$	59.0	$	49.5	$	7,517.2
Special mention	96.3		28.9		43.7		35.4		64.6		88.4		0.6		—		357.9
Substandard	81.1		41.4		27.8		32.7		27.7		48.4		—		—		259.1
Doubtful	1.9		2.2		5.7		—		0.4		—		—		—		10.2
Total	$	1,204.9	$	1,021.1	$	1,172.4	$	1,412.9	$	1,194.3	$	2,029.7	$	59.6	$	49.5	$	8,144.4
Construction real estate:
Pass	$	240.1	$	211.5	$	110.4	$	92.3	$	25.4	$	21.3	$	85.9	$	12.5	$	799.4
Special mention	3.8		5.0		—		14.4		—		—		—		—		23.2
Substandard	10.7		0.1		0.2		0.3		1.0		0.1		0.2		—		12.6
Doubtful	—		1.3		—		—		0.7		—		—		—		2.0
Total	$	254.6	$	217.9	$	110.6	$	107.0	$	27.1	$	21.4	$	86.1	$	12.5	$	837.2
Agricultural real estate:
Pass	$	100.8	$	68.5	$	36.5	$	104.0	$	73.7	$	121.6	$	19.7	$	—	$	524.8
Special mention	10.2		10.1		3.4		4.5		8.7		13.8		2.1		—		52.8
Substandard	15.9		9.5		6.6		2.9		8.1		7.8		—		0.6		51.4
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	126.9	$	88.1	$	46.5	$	111.4	$	90.5	$	143.2	$	21.8	$	0.6	$	629.0
Commercial:
Pass	$	301.3	$	287.8	$	228.4	$	277.2	$	225.5	$	260.4	$	593.3	$	4.6	$	2,178.5
Special mention	6.4		23.7		3.3		1.4		3.2		0.4		52.8		0.2		91.4
Substandard	9.3		13.4		6.8		14.2		4.7		0.7		26.2		1.3		76.6
Doubtful	4.9		1.0		0.5		6.3		0.4		—		—		—		13.1
Total	$	321.9	$	325.9	$	239.0	$	299.1	$	233.8	$	261.5	$	672.3	$	6.1	$	2,359.6
Agricultural:
Pass	$	80.2	$	25.0	$	15.1	$	25.6	$	7.5	$	4.7	$	277.8	$	5.6	$	441.5
Special mention	7.9		1.4		2.7		2.0		0.4		—		26.0		—		40.4
Substandard	3.3		3.6		0.8		0.8		—		0.4		9.6		1.0		19.5
Doubtful	6.2		—		2.6		—		—		—		2.0		8.0		18.8
Total	$	97.6	$	30.0	$	21.2	$	28.4	$	7.9	$	5.1	$	315.4	$	14.6	$	520.2

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Commercial real estate:
Pass	$	1,208.5	$	1,340.2	$	1,909.1	$	1,344.1	$	1,069.7	$	1,778.3	$	74.1	$	109.8	$	8,833.8
Special mention	78.4		17.5		15.8		16.1		4.9		79.2		0.6		9.8		222.3
Substandard	81.5		12.1		22.0		37.3		10.2		43.5		0.5		—		207.1
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	1,368.4	$	1,369.8	$	1,946.9	$	1,397.5	$	1,084.8	$	1,901.0	$	75.2	$	119.6	$	9,263.2
Construction:
Pass	$	438.0	$	233.0	$	320.2	$	76.5	$	17.3	$	20.9	$	124.8	$	1.8	$	1,232.5
Special mention	2.1		—		6.4		—		—		—		—		—		8.5
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	3.6		—		—		—		—		—		—		—		3.6
Total	$	443.7	$	233.0	$	326.6	$	76.5	$	17.3	$	20.9	$	124.8	$	1.8	$	1,244.6
Agricultural real estate:
Pass	$	118.6	$	53.0	$	104.7	$	107.9	$	66.0	$	144.1	$	33.4	$	0.5	$	628.2
Special mention	1.1		0.2		6.8		6.1		8.5		0.7		—		—		23.4
Substandard	12.9		8.2		19.7		3.4		4.4		0.9		—		—		49.5
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	132.6	$	61.4	$	131.2	$	117.4	$	78.9	$	145.7	$	33.4	$	0.5	$	701.1
Commercial:
Pass	$	438.8	$	353.0	$	375.9	$	316.0	$	165.9	$	255.2	$	767.3	$	8.9	$	2,681.0
Special mention	3.9		13.9		3.1		2.2		6.2		0.6		19.1		—		49.0
Substandard	30.8		5.4		12.8		5.5		1.6		3.4		35.2		1.5		96.2
Doubtful	—		1.6		1.1		0.5		—		—		—		—		3.2
Total	$	473.5	$	373.9	$	392.9	$	324.2	$	173.7	$	259.2	$	821.6	$	10.4	$	2,829.4
Agricultural:
Pass	$	109.6	$	34.1	$	39.4	$	16.6	$	13.5	$	5.8	$	379.4	$	1.1	$	599.5
Special mention	4.1		1.4		0.9		0.2		0.9		0.1		5.1		—		12.7
Substandard	4.1		25.9		0.1		—		0.5		—		25.9		0.3		56.8
Doubtful	18.9		—		—		—		—		—		—		—		18.9
Total	$	136.7	$	61.4	$	40.4	$	16.8	$	14.9	$	5.9	$	410.4	$	1.4	$	687.9

The Company evaluates the credit quality, loan performance, and the allowance for credit losses of its residential and consumer loan portfolios based primarily on the aging status of the loan and borrower payment activity. Accordingly, loans on non-accrual status and loans past due 90 days or more and still accruing interest are considered nonperforming for purposes of credit quality evaluation. The following tables present the recorded investment of these loan portfolios based on the credit risk profile of loans that are performing and loans that are nonperforming as of the periods indicated:

	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Residential:
Performing	$	45.6	$	35.5	$	71.5	$	394.6	$	449.2	$	596.8	$	494.2	$	7.4	$	2,094.8
Nonperforming	0.4		1.1		1.0		4.4		2.2		4.8		0.1		—		14.0
Total	$	46.0	$	36.6	$	72.5	$	399.0	$	451.4	$	601.6	$	494.3	$	7.4	$	2,108.8
Consumer indirect:
Performing	$	30.8	$	169.6	$	74.5	$	102.1	$	39.9	$	54.9	$	—	$	—	$	471.8
Nonperforming	0.7		1.4		1.2		1.0		0.6		0.8		—		—		5.7
Total	$	31.5	$	171.0	$	75.7	$	103.1	$	40.5	$	55.7	$	—	$	—	$	477.5
Consumer direct and advance lines:
Performing	$	47.7	$	25.6	$	13.3	$	9.9	$	5.3	$	5.0	$	23.9	$	0.1	$	130.8
Nonperforming	0.1		0.2		0.1		0.1		—		0.1		—		0.1		0.7
Total	$	47.8	$	25.8	$	13.4	$	10.0	$	5.3	$	5.1	$	23.9	$	0.2	$	131.5

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Residential:
Performing	$	22.6	$	73.8	$	409.1	$	487.3	$	440.2	$	252.5	$	477.8	$	12.5	$	2,175.8
Nonperforming	1.3		1.5		4.9		2.1		1.1		4.9		—		—		15.8
Total	$	23.9	$	75.3	$	414.0	$	489.4	$	441.3	$	257.4	$	477.8	$	12.5	$	2,191.6
Consumer indirect:
Performing	$	266.8	$	127.2	$	167.5	$	68.9	$	44.4	$	45.6	$	—	$	—	$	720.4
Nonperforming	0.9		1.1		1.1		0.6		0.4		0.5		—		—		4.6
Total	$	267.7	$	128.3	$	168.6	$	69.5	$	44.8	$	46.1	$	—	$	—	$	725.0
Consumer direct and advance lines:
Performing	$	46.5	$	25.4	$	18.5	$	10.0	$	4.2	$	5.2	$	23.2	$	0.1	$	133.1
Nonperforming	0.4		0.1		0.2		0.1		—		0.1		—		—		0.9
Total	$	46.9	$	25.5	$	18.7	$	10.1	$	4.2	$	5.3	$	23.2	$	0.1	$	134.0
Consumer credit card:
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	76.6	$	—	$	76.6
Nonperforming	—		—		—		—		—		—		1.0		—		1.0
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	77.6	$	—	$	77.6

The following table summarizes the current-period gross charge-offs by class of receivable and portfolio segment as of the dates indicated:

	December 31, 2025
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Real estate:
Commercial	$	—	$	0.4	$	0.1	$	16.2	$	5.1	$	0.2	$	—	$	—	$	22.0
Residential	0.1		0.5		0.1		0.4		0.2		0.1		—		—		1.4
Agricultural	—		—		0.2		—		—		—		—		—		0.2
Total real estate	0.1		0.9		0.4		16.6		5.3		0.3		—		—		23.6
Consumer:
Indirect	0.6		2.4		2.4		2.4		0.8		1.0		—		—		9.6
Direct and advance lines	0.4		1.2		0.6		0.2		0.1		1.9		—		—		4.4
Credit card	—		—		—		—		—		—		3.5		—		3.5
Total consumer	1.0		3.6		3.0		2.6		0.9		2.9		3.5		—		17.5
Commercial	0.7		1.0		2.5		1.3		0.3		0.4		2.5		0.2		8.9
Agricultural	2.0		2.9		—		—		—		—		0.1		—		5.0
Total current-period gross charge-offs	$	3.8	$	8.4	$	5.9	$	20.5	$	6.5	$	3.6	$	6.1	$	0.2	$	55.0

	December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted To Term		Total
Real estate:
Commercial	$	0.2	$	5.7	$	—	$	19.4	$	—	$	0.1	$	—	$	—	$	25.4
Construction	—		—		13.1		—		0.1		—		—		—		13.2
Residential	—		0.2		0.2		0.1		0.3		0.2		—		—		1.0
Total real estate	0.2		5.9		13.3		19.5		0.4		0.3		—		—		39.6
Consumer:
Indirect	0.5		2.0		3.4		1.1		0.4		1.1		—		—		8.5
Direct and advance lines	0.2		0.6		0.9		0.2		—		1.8		0.1		0.1		3.9
Credit card	—		—		—		—		—		—		3.0		—		3.0
Total consumer	0.7		2.6		4.3		1.3		0.4		2.9		3.1		0.1		15.4
Commercial	21.6		2.2		1.1		0.3		0.1		0.1		31.1		2.9		59.4
Agricultural	—		—		—		0.3		—		—		—		—		0.3
Total current-period gross charge-offs	$	22.5	$	10.7	$	18.7	$	21.4	$	0.9	$	3.3	$	34.2	$	3.0	$	114.7

In the normal course of business, there were no material purchases of portfolio loans and no material sales of loans held for investment during the periods ended December 31, 2025 or 2024.