LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES

12 Months Ended

Dec. 31, 2025

Loans and Allowance for Loan Losses [Abstract]

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES

4. LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES

Commercial Real Estate Loan Sale

On June 26, 2025, the Company completed the sale of performing CRE loans acquired in the Sandy Spring acquisition with an unpaid principal balance of $2.0 billion, which the Company had classified as HFS as of the April 1, 2025 acquisition date and marked to fair value at $1.8 billion. The CRE loan sale transaction generated a $10.9 million pre-tax gain, net of expenses, for the year ended December 31, 2025. Under the terms of the loan purchase agreement, the Company sold the loans without recourse with servicing retained. Servicing rights held by the Company are initially measured at fair value and recorded as an asset or liability and subsequently measured using the amortization method. At the time of the sale, the Company did not recognize any servicing asset or liability, as the contractual servicing fees were equal to market-based adequate compensation for similar servicing.

Loans Held for Investments

The Company’s LHFI, net, are stated at their amortized cost, net of the ALLL and include deferred fees and costs, as well as purchase accounting discounts and premiums. The LHFI consisted of the following for the years ended December 31, (dollars in thousands):

	2025		2024
Construction and Land Development	$	1,666,381	$	1,731,108
CRE – Owner Occupied		4,305,796		2,370,119
CRE – Non-Owner Occupied		7,178,515		4,935,590
Multifamily Real Estate		2,418,250		1,240,209
Commercial & Industrial		5,229,728		3,864,695
Residential 1-4 Family – Commercial		1,100,157		719,425
Residential 1-4 Family – Consumer		2,825,259		1,293,817
Residential 1-4 Family – Revolving		1,248,284		756,944
Auto		183,720		316,368
Consumer		121,488		104,882
Other Commercial		1,518,589		1,137,464
Total LHFI, net of unearned income (1)		27,796,167		18,470,621
Allowance for loan and lease losses		(295,108)		(178,644)
Total LHFI, net	$	27,501,059	$	18,291,977

⁽¹⁾ Total loans included unamortized premiums and discounts, and unamortized deferred fees and costs totaling $803.2 million and $220.6 million as of December 31, 2025 and 2024, respectively.

Accrued interest receivable on LHFI totaled $106.5 million and $73.7 million at December 31, 2025 and 2024, respectively. Accrued interest receivable write-offs were not material to the Company’s consolidated financial statements for the years ended December 31, 2025, 2024, and 2023.

The following table shows the aging of the Company’s LHFI portfolio, by class, as of December 31, 2025 (dollars in thousands):

										Greater than
				30-59 Days			60-89 Days			90 Days and
	Current			Past Due			Past Due			still Accruing			Nonaccrual			Total Loans
Construction and Land Development	$	1,659,048		$	1,455		$	94		$	1,481		$	4,303		$	1,666,381
CRE – Owner Occupied		4,284,562			7,241			3,171			4,788			6,034			4,305,796
CRE – Non-Owner Occupied		7,154,178			9,482			1,455			2,099			11,301			7,178,515
Multifamily Real Estate		2,366,442			52			247			6,140			45,369			2,418,250
Commercial & Industrial		5,197,839			8,935			3,552			9,114			10,288			5,229,728
Residential 1-4 Family – Commercial		1,087,181			2,634			1,306			2,379			6,657			1,100,157
Residential 1-4 Family – Consumer		2,772,790			17,911			5,628			5,633			23,297			2,825,259
Residential 1-4 Family – Revolving		1,233,032			3,994			2,157			3,458			5,643			1,248,284
Auto		178,615			3,332			797			404			572			183,720
Consumer		120,806			444			171			55			12			121,488
Other Commercial		1,513,629			3,242			143			—			1,575			1,518,589
Total LHFI, net of unearned income	$	27,568,122		$	58,722		$	18,721		$	35,551		$	115,051		$	27,796,167
% of total loans		99.18	%		0.21	%		0.07	%		0.13	%		0.41	%		100.00	%

The following table shows the aging of the Company’s LHFI portfolio, by class, as of December 31, 2024 (dollars in thousands):

										Greater than
				30-59 Days			60-89 Days			90 Days and
	Current			Past Due			Past Due			still Accruing			Nonaccrual			Total Loans
Construction and Land Development	$	1,729,637		$	38		$	—		$	120		$	1,313		$	1,731,108
CRE – Owner Occupied		2,362,458			2,080			1,074			1,592			2,915			2,370,119
CRE – Non-Owner Occupied		4,926,168			1,381			—			6,874			1,167			4,935,590
Multifamily Real Estate		1,238,711			1,366			—			—			132			1,240,209
Commercial & Industrial		3,820,564			9,405			69			955			33,702			3,864,695
Residential 1-4 Family – Commercial		715,604			697			665			949			1,510			719,425
Residential 1-4 Family – Consumer		1,266,467			5,928			7,390			1,307			12,725			1,293,817
Residential 1-4 Family – Revolving		747,474			1,824			2,110			1,710			3,826			756,944
Auto		311,354			3,615			456			284			659			316,368
Consumer		103,528			804			486			44			20			104,882
Other Commercial		1,132,960			2,167			2,029			308			—			1,137,464
Total LHFI, net of unearned income	$	18,354,925		$	29,305		$	14,279		$	14,143		$	57,969		$	18,470,621
% of total loans		99.37	%		0.16	%		0.08	%		0.08	%		0.31	%		100.00	%

The following table shows the Company’s amortized cost basis of loans on nonaccrual status with no related ALLL, as of December 31, (dollars in thousands):

	2025		2024
Construction and Land Development	$	2,700	$	—
Commercial Real Estate - Owner Occupied		1,430		—
Commercial Real Estate - Non-Owner Occupied		10,097		—
Multifamily Real Estate		45,369		—
Commercial & Industrial		2,751		2,510
Residential 1-4 Family - Commercial		4,597		—
Residential 1-4 Family - Consumer		1,122		—
Total LHFI, net of unearned income	$	68,066	$	2,510

The increase in the amortized cost basis of loans on nonaccrual status with no related allowance for ALLL was primarily due to PCD loans acquired from Sandy Spring, which were nonperforming at the time of acquisition. There was no interest income recognized on nonaccrual loans during the years ended December 31, 2025, 2024, and 2023.

TLMs

The following tables present the amortized cost basis of TLMs for the years ended December 31, (dollars in thousands):

	2025
	Amortized Cost		% of Total Class of Financing Receivable
Other-Than-Insignificant Payment Delay
Commercial and Industrial	$	1,536	0.03	%
CRE – Non-Owner Occupied		3,797	0.05	%
Multifamily Real Estate		729	0.03	%
Total Other-Than-Insignificant Payment Delay	$	6,062
Term Extension
Commercial and Industrial	$	107	NM	%
CRE – Owner Occupied		14,431	0.34	%
Multifamily Real Estate		15,461	0.64	%
Residential 1-4 Family – Commercial		4,576	0.42	%
Residential 1-4 Family – Consumer		1,481	0.05	%
Total Term Extension	$	36,056
Combination - Other-Than-Insignificant Payment Delay and Term Extension
Commercial and Industrial	$	444	0.01	%
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension	$	444
Combination - Term Extension and Interest Rate Reduction
Residential 1-4 Family - Consumer	$	2,862	0.10	%
Total Combination - Term Extension and Interest Rate Reduction	$	2,862
Total	$	45,424

NM = Not Meaningful

	2024
	Amortized Cost		% of Total Class of Financing Receivable
Term Extension
Construction and Land Development	$	49	NM	%
Commercial and Industrial		1,434	0.04	%
CRE – Non-Owner Occupied		11,383	0.23	%
CRE – Owner Occupied		842	0.04	%
Residential 1-4 Family – Consumer		509	0.04	%
Total Term Extension	$	14,217
Combination - Other-Than-Insignificant Payment Delay and Term Extension
CRE – Non-Owner Occupied	$	16,937	0.34	%
Other Commercial		3,273	0.29	%
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension	$	20,210
Combination - Term Extension and Interest Rate Reduction
Residential 1-4 Family – Consumer	$	724	0.06	%
Residential 1-4 Family – Revolving		26	NM	%
Total Combination - Term Extension and Interest Rate Reduction	$	750
Total	$	35,177

NM = Not Meaningful

	2023
	Amortized Cost		% of Total Class of Financing Receivable
Principal Forgiveness
CRE – Non-Owner Occupied	$	4,835	0.12	%
Total Principal Forgiveness	$	4,835
Term Extension
Construction and Land Development	$	18,999	1.71	%
Commercial and Industrial		3,542	0.10	%
CRE – Owner Occupied		766	0.04	%
Residential 1-4 Family – Consumer		1,137	0.11	%
Total Term Extension	$	24,444
Combination - Other-Than-Insignificant Payment Delay and Term Extension
CRE – Non-Owner Occupied	$	20,766	0.50	%
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension	$	20,766
Combination - Term Extension and Interest Rate Reduction
Residential 1-4 Family – Consumer	$	1,177	0.11	%
Residential 1-4 Family – Revolving		15	NM	%
Total Combination - Term Extension and Interest Rate Reduction	$	1,192
Total	$	51,237

NM = Not Meaningful

The following tables describe the financial effects of TLMs on a weighted average basis for TLMs within that loan type for the years ended December 31,:

2025
Term Extension
Loan Type	Financial Effect
CRE – Owner Occupied	Added a weighted-average 1.8 years to the life of loans.
Multifamily Real Estate	Added a weighted-average 0.5 years to the life of loans.
Residential 1-4 Family - Commercial	Added a weighted-average 0.8 years to the life of loans.
Combination - Term Extension and Interest Rate Reduction
Loan Type	Financial Effect
Residential 1-4 Family - Consumer	Added a weighted-average 1.6 years to the life of loans and reduced the weighted average contractual interest rate from 5.0% to 2.1%.

2024
Term Extension
Loan Type	Financial Effect
Commercial and Industrial	Added a weighted-average 0.8 years to the life of loans.
CRE – Owner Occupied	Added a weighted-average 3.0 years to the life of loans.
CRE – Non-Owner Occupied	Added a weighted-average 2.3 years to the life of loans.
Combination - Other-Than-Insignificant Payment Delay and Term Extension
Loan Type	Financial Effect
CRE – Non-Owner Occupied	Added a weighted-average 1.6 years to the life of loans.
Other Commercial	Added a weighted-average 1.5 years to the life of loans.

2023
Principal Forgiveness
Loan Type	Financial Effect
CRE – Non-Owner Occupied	Reduced the amortized cost basis of loans by $3.5 million.
Term Extension
Loan Type	Financial Effect
Construction and Land Development	Added a weighted-average 1.3 years to the life of loans.
Commercial and Industrial	Added a weighted-average 0.2 years to the life of loans.
CRE – Owner Occupied	Added a weighted-average 0.5 years to the life of loans.
Residential 1-4 Family – Consumer	Added a weighted-average 10.8 years to the life of loans.
Combination - Other-Than-Insignificant Payment Delay and Term Extension
Loan Type	Financial Effect
CRE – Non-Owner Occupied	Added a weighted-average 1.0 years to the life of loans.
Combination - Term Extension and Interest Rate Reduction
Loan Type	Financial Effect
Residential 1-4 Family – Consumer	Added a weighted-average 20.3 years to the life of loans and reduced the weighted average contractual interest rate from 8.2% to 7.5%.
Residential 1-4 Family – Revolving	Added a weighted-average 19.1 years to the life of loans and reduced the weighted average contractual interest rate from 10.5% to 7.3%.

The Company considers a default of a TLM to occur when the borrower is 90 days past due following the modification or a foreclosure and repossession of the applicable collateral occurs. During the years ended December 31, 2025, 2024, and 2023, the Company did not have any material loans that went into default that had been modified and designated as TLMs in the twelve-month period prior to the time of default.

The Company monitors the performance of TLMs to determine the effectiveness of the modifications. During the years ended December 31, 2025, 2024, and 2023, the Company did not have any material loans that have been modified and designated as TLMs that were past due.

As of December 31, 2025 and 2024, there were no material unfunded commitments on loans modified and designated as TLMs.

Allowance for Loan and Lease Losses

The following tables show the ALLL activity by loan segment for the years ended December 31, (dollars in thousands):

	2025						2024
	Commercial		Consumer		Total		Commercial		Consumer		Total
Balance at beginning of period	$	148,887	$	29,757	$	178,644	$	105,896	$	26,286	$	132,182
Initial allowance - PCD loans (1) (2)		21,255		7,010		28,265		2,609		1,287		3,896
Loans charged-off (2)		(45,999)		(3,865)		(49,864)		(11,889)		(4,067)		(15,956)
Recoveries credited to allowance		5,581		1,830		7,411		5,283		1,911		7,194
Initial provision - non-PCD loans (1)		64,740		24,798		89,538		11,213		2,016		13,229
Provision charged to operations		38,349		2,765		41,114		35,775		2,324		38,099
Balance at end of period	$	232,813	$	62,295	$	295,108	$	148,887	$	29,757	$	178,644

⁽¹⁾ For the years ended December 31, 2025 and 2024, the initial allowance on PCD loans and the initial provision on non-PCD loans related to the acquisitions of Sandy Spring and American National, respectively.

⁽²⁾ In accordance with GAAP, amounts for the year ended December 31, 2025 exclude $61.8 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition, including measurement period adjustments recorded in the third and fourth quarters of 2025 associated with the Sandy Spring acquisition, based on subsequent additional information and evidence obtained by the Company relating to events or circumstances that were existing at the acquisition date.

The following table presents additional information related to the acquired Sandy Spring loan portfolio at the acquisition date, including the initial ACL at acquisition on the PCD loans (dollars in thousands):

PCD Loans		April 1, 2025
Book value of acquired loans at acquisition (1)	$	1,716,523
Initial ACL at acquisition (2)		(28,265)
Non-credit discount at acquisition		(162,140)
Purchase Price	$	1,526,118
Non-PCD Loans:
Fair Value	$	7,077,565
Gross contractual amounts receivable		7,676,836
Estimate of contractual cash flows not expected to be collected		130,113

⁽¹⁾ The Company recorded measurement period adjustments totaling $27.3 million during the third and fourth quarters of 2025 associated with the Sandy Spring acquisition, based on additional information and evidence obtained by the Company relating to events or circumstances existing at the acquisition date, reducing the book value of loans acquired at acquisition.

⁽²⁾ In accordance with GAAP, the amounts exclude $61.8 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition.

The following table presents additional information related to the acquired American National loan portfolio at the acquisition date, including the initial ACL at acquisition on the PCD loans (dollars in thousands):

PCD Loans		April 1, 2024
Book value of acquired loans at acquisition	$	89,418
Initial ACL at acquisition		(3,896)
Non-credit discount at acquisition		(10,466)
Purchase Price	$	75,056
Non-PCD Loans:
Fair Value	$	2,073,037
Gross contractual amounts receivable		2,503,707
Estimate of contractual cash flows not expected to be collected		10,887

Credit Quality Indicators

Credit quality indicators are used to help estimate the collectability of each loan class within the Commercial and Consumer loan segments. For classes of loans within the Commercial segment, the primary credit quality indicator used for evaluating credit quality and estimating the ALLL is risk rating categories of Pass (including Pass-Watch), Special Mention, Substandard, and Doubtful. For classes of loans within the Consumer segment, the primary credit quality indicator used for evaluating credit quality and estimating ALLL is delinquency bands of current, 30-59, 60-89, 90+, and nonaccrual. While other credit quality indicators are evaluated and analyzed as part of the Company’s credit risk management activities, these indicators are primarily used in estimating the ALLL. The Company evaluates the credit risk of its loan portfolio on at least a quarterly basis.

See Note 1 “Summary of Significant Accounting Policies” in this Form 10-K for additional information on the Company’s policies and for further information on the Company’s credit quality indicators.

Commercial Loans

The Company uses a risk rating system as the primary credit quality indicator for classes of loans within the Commercial segment. The Company defines pass loans as risk rated 1-5 and criticized loans as risk rated 6-9. The risk levels, as described below, do not necessarily follow the regulatory definitions of risk levels with the same name. A general description of the characteristics of the risk levels follows:

Pass is determined by the following criteria:

● Risk rated 0 loans have little or no risk and are with General Obligation Municipal Borrowers;

● Risk rated 1 loans have little or no risk and are generally secured by cash or cash equivalents;

● Risk rated 2 loans have minimal risk to well qualified borrowers and no significant questions as to safety;

● Risk rated 3 loans are satisfactory loans with strong borrowers and secondary sources of repayment;

● Risk rated 4 loans are satisfactory loans with borrowers not as strong as risk rated 3 loans and may exhibit a greater degree of financial risk based on the type of business supporting the loan.

Watch is determined by the following criteria:

● Risk rated 5 loans are pass loans that warrant more than the normal level of supervision and have the possibility of an event occurring that may weaken the borrower’s ability to repay;

Special Mention is determined by the following criteria:

● Risk rated 6 loans have increasing potential weaknesses beyond those at which the loan originally was granted and if not addressed could lead to inadequately protecting the Company’s credit position.

Substandard is determined by the following criteria:

● Risk rated 7 loans are substandard loans and are inadequately protected by the current sound worth or paying capacity of the obligor or the collateral pledged; these have well defined weaknesses that jeopardize the liquidation of the debt with the distinct possibility the Company will sustain some loss if the deficiencies are not corrected.

Doubtful is determined by the following criteria:

● Risk rated 8 loans are doubtful of collection and the possibility of loss is high but pending specific borrower plans for recovery, its classification as a loss is deferred until its more exact status is determined;

● Risk rated 9 loans are loss loans which are considered uncollectable and of such little value that their continuance as bankable assets is not warranted.

The table below details the amortized cost and gross write-offs of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, (dollars in thousands):

		2025
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2025		2024		2023		2022		2021		Prior		Loans		Total
Construction and Land Development
Pass	$	557,083	$	381,768	$	233,793	$	84,396	$	39,055	$	58,001	$	242,753	$	1,596,849
Watch		10,712		136		51		671		989		3,260		7,759		23,578
Special Mention		542		2,092		2,980		463		793		4,845		26,145		37,860
Substandard		319		547		74		135		2,519		4,500		—		8,094
Total Construction and Land Development	$	568,656	$	384,543	$	236,898	$	85,665	$	43,356	$	70,606	$	276,657	$	1,666,381
Current period gross write-off	$	—	$	—	$	—	$	—	$	(40)	$	(3)	$	—	$	(43)
CRE – Owner Occupied
Pass	$	442,571	$	305,006	$	298,355	$	497,750	$	500,885	$	1,823,826	$	53,556	$	3,921,949
Watch		4,532		14,892		31,258		17,474		12,006		77,890		2,121		160,173
Special Mention		6,962		7,435		6,210		10,907		6,604		77,134		1,275		116,527
Substandard		—		6,644		16,427		7,014		27,267		49,520		140		107,012
Doubtful		—		—		—		—		—		135		—		135
Total CRE – Owner Occupied	$	454,065	$	333,977	$	352,250	$	533,145	$	546,762	$	2,028,505	$	57,092	$	4,305,796
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	(147)	$	—	$	(147)
CRE – Non-Owner Occupied
Pass	$	905,007	$	486,703	$	811,972	$	1,060,691	$	741,739	$	2,628,053	$	78,676	$	6,712,841
Watch		—		556		39,149		17,010		23,926		59,738		196		140,575
Special Mention		505		1,434		2,600		23,267		76,411		68,195		—		172,412
Substandard		—		—		6,264		38,108		1,138		107,153		24		152,687
Total CRE – Non-Owner Occupied	$	905,512	$	488,693	$	859,985	$	1,139,076	$	843,214	$	2,863,139	$	78,896	$	7,178,515
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	(491)	$	—	$	(491)
Commercial & Industrial
Pass	$	1,125,728	$	730,095	$	446,849	$	487,440	$	251,752	$	351,402	$	1,344,042	$	4,737,308
Watch		16,322		35,316		13,751		39,156		8,963		21,615		121,435		256,558
Special Mention		6,978		16,326		5,861		8,117		4,029		5,914		60,923		108,148
Substandard		2,785		12,444		33,386		21,588		10,563		5,663		41,285		127,714
Total Commercial & Industrial	$	1,151,813	$	794,181	$	499,847	$	556,301	$	275,307	$	384,594	$	1,567,685	$	5,229,728
Current period gross write-off	$	—	$	(1,605)	$	(69)	$	(2,483)	$	(10)	$	(197)	$	(34,451)	$	(38,815)
Multifamily Real Estate
Pass	$	192,761	$	123,570	$	289,889	$	441,536	$	247,973	$	592,615	$	49,203	$	1,937,547
Watch		—		—		14,029		25,464		98,973		3,850		1,317		143,633
Special Mention		—		671		21,572		62,470		—		18,533		—		103,246
Substandard		2,372		729		—		71,278		37,422		74,668		47,355		233,824
Total Multifamily Real Estate	$	195,133	$	124,970	$	325,490	$	600,748	$	384,368	$	689,666	$	97,875	$	2,418,250
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	(47)	$	—	$	(47)
Residential 1-4 Family – Commercial
Pass	$	93,538	$	70,435	$	82,732	$	198,071	$	172,024	$	408,213	$	4,255	$	1,029,268
Watch		2,975		2,533		1,558		6,193		3,887		11,349		2,431		30,926
Special Mention		2,404		1,277		—		1,209		860		17,009		—		22,759
Substandard		—		248		—		206		4,843		11,654		253		17,204
Total Residential 1-4 Family – Commercial	$	98,917	$	74,493	$	84,290	$	205,679	$	181,614	$	448,225	$	6,939	$	1,100,157
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	(185)	$	—	$	(185)
Other Commercial
Pass	$	270,356	$	246,933	$	172,163	$	157,255	$	168,474	$	179,392	$	276,970	$	1,471,543
Watch		—		—		113		20,631		746		5,873		—		27,363
Special Mention		—		—		75		—		184		6,944		2,688		9,891
Substandard		556		—		4,519		3,040		1,552		35		90		9,792
Total Other Commercial	$	270,912	$	246,933	$	176,870	$	180,926	$	170,956	$	192,244	$	279,748	$	1,518,589
Current period gross write-off	$	—	$	—	$	(140)	$	(2,617)	$	—	$	(3,514)	$	—	$	(6,271)
Total Commercial
Pass	$	3,587,044	$	2,344,510	$	2,335,753	$	2,927,139	$	2,121,902	$	6,041,502	$	2,049,455	$	21,407,305
Watch		34,541		53,433		99,909		126,599		149,490		183,575		135,259		782,806
Special Mention		17,391		29,235		39,298		106,433		88,881		198,574		91,031		570,843
Substandard		6,032		20,612		60,670		141,369		85,304		253,193		89,147		656,327
Doubtful		—		—		—		—		—		135		—		135
Total Commercial	$	3,645,008	$	2,447,790	$	2,535,630	$	3,301,540	$	2,445,577	$	6,676,979	$	2,364,892	$	23,417,416
Total current period gross write-off	$	—	$	(1,605)	$	(209)	$	(5,100)	$	(50)	$	(4,584)	$	(34,451)	$	(45,999)

The table below details the amortized cost and gross write-offs of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, (dollars in thousands):

		2024
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2024		2023		2022		2021		2020		Prior		Loans		Total
Construction and Land Development
Pass	$	350,344	$	630,033	$	372,483	$	120,851	$	14,180	$	46,671	$	120,240	$	1,654,802
Watch		3		22,790		18,172		384		—		717		—		42,066
Special Mention		739		1,771		1,629		226		1,332		1,139		—		6,836
Substandard		162		80		22,237		745		1,467		2,713		—		27,404
Total Construction and Land Development	$	351,248	$	654,674	$	414,521	$	122,206	$	16,979	$	51,240	$	120,240	$	1,731,108
Current period gross write-off	$	—	$	—	$	(1,109)	$	—	$	—	$	—	$	—	$	(1,109)
CRE – Owner Occupied
Pass	$	152,865	$	243,842	$	293,260	$	262,430	$	248,187	$	1,014,962	$	27,316	$	2,242,862
Watch		4,455		1,391		1,424		1,854		2,507		35,093		79		46,803
Special Mention		1,153		6,659		1,577		2,102		2,266		11,556		2,389		27,702
Substandard		24,722		1,188		1,921		352		2,433		21,996		140		52,752
Total CRE – Owner Occupied	$	183,195	$	253,080	$	298,182	$	266,738	$	255,393	$	1,083,607	$	29,924	$	2,370,119
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	(354)	$	—	$	(354)
CRE – Non-Owner Occupied
Pass	$	349,991	$	514,460	$	692,155	$	835,195	$	381,544	$	1,838,343	$	40,741	$	4,652,429
Watch		—		150		7,465		11,855		—		70,113		13,013		102,596
Special Mention		384		—		18,342		883		7,387		47,286		—		74,282
Substandard		—		12,609		—		1,130		36,796		55,677		71		106,283
Total CRE – Non-Owner Occupied	$	350,375	$	527,219	$	717,962	$	849,063	$	425,727	$	2,011,419	$	53,825	$	4,935,590
Current period gross write-off	$	—	$	—	$	—	$	—	$	(3,386)	$	—	$	—	$	(3,386)
Commercial & Industrial
Pass	$	787,683	$	593,676	$	534,064	$	300,348	$	124,214	$	227,352	$	982,085	$	3,549,422
Watch		2,458		30,428		48,661		6,980		486		2,434		24,153		115,600
Special Mention		2,289		12,328		15,458		4,001		2,183		19,125		64,204		119,588
Substandard		9,214		2,340		3,423		4,139		472		1,327		29,839		50,754
Doubtful		—		—		1,598		—		—		—		27,733		29,331
Total Commercial & Industrial	$	801,644	$	638,772	$	603,204	$	315,468	$	127,355	$	250,238	$	1,128,014	$	3,864,695
Current period gross write-off	$	—	$	(42)	$	(1,081)	$	(145)	$	(147)	$	(928)	$	(1,187)	$	(3,530)
Multifamily Real Estate
Pass	$	80,345	$	34,060	$	259,493	$	229,950	$	205,699	$	302,186	$	35,706	$	1,147,439
Watch		—		—		1,719		73,780		129		—		—		75,628
Special Mention		—		—		—		—		250		1,185		—		1,435
Substandard		—		14,210		—		—		—		1,497		—		15,707
Total Multifamily Real Estate	$	80,345	$	48,270	$	261,212	$	303,730	$	206,078	$	304,868	$	35,706	$	1,240,209
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential 1-4 Family – Commercial
Pass	$	49,068	$	66,307	$	115,526	$	108,751	$	79,090	$	250,273	$	9,617	$	678,632
Watch		274		504		1,277		737		730		6,571		152		10,245
Special Mention		—		—		23,435		215		331		1,500		—		25,481
Substandard		517		—		—		229		588		3,480		253		5,067
Total Residential 1-4 Family – Commercial	$	49,859	$	66,811	$	140,238	$	109,932	$	80,739	$	261,824	$	10,022	$	719,425
Current period gross write-off	$	—	$	—	$	—	$	—	$	(18)	$	—	$	—	$	(18)
Other Commercial
Pass	$	233,480	$	196,703	$	169,440	$	157,815	$	82,990	$	161,984	$	106,368	$	1,108,780
Watch		—		1,926		6,170		1,525		5,293		4,419		—		19,333
Special Mention		—		84		1,059		3,163		—		582		—		4,888
Substandard		—		1,060		3,272		—		30		2		99		4,463
Total Other Commercial	$	233,480	$	199,773	$	179,941	$	162,503	$	88,313	$	166,987	$	106,467	$	1,137,464
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	(3,492)	$	—	$	(3,492)
Total Commercial
Pass	$	2,003,776	$	2,279,081	$	2,436,421	$	2,015,340	$	1,135,904	$	3,841,771	$	1,322,073	$	15,034,366
Watch		7,190		57,189		84,888		97,115		9,145		119,347		37,397		412,271
Special Mention		4,565		20,842		61,500		10,590		13,749		82,373		66,593		260,212
Substandard		34,615		31,487		30,853		6,595		41,786		86,692		30,402		262,430
Doubtful		—		—		1,598		—		—		—		27,733		29,331
Total Commercial	$	2,050,146	$	2,388,599	$	2,615,260	$	2,129,640	$	1,200,584	$	4,130,183	$	1,484,198	$	15,998,610
Total current period gross write-off	$	—	$	(42)	$	(2,190)	$	(145)	$	(3,551)	$	(4,774)	$	(1,187)	$	(11,889)

Consumer Loans

For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):

		2025
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2025		2024		2023		2022		2021		Prior		Loans		Total
Residential 1-4 Family – Consumer
Current	$	334,528	$	195,624	$	203,804	$	688,989	$	596,987	$	736,230	$	16,628	$	2,772,790
30-59 Days Past Due		393		77		2,773		2,865		1,600		10,029		174		17,911
60-89 Days Past Due		525		700		124		2,186		336		1,757		—		5,628
90+ Days Past Due		—		452		309		376		937		3,503		56		5,633
Nonaccrual		—		180		1,146		5,233		3,501		12,690		547		23,297
Total Residential 1-4 Family – Consumer	$	335,446	$	197,033	$	208,156	$	699,649	$	603,361	$	764,209	$	17,405	$	2,825,259
Current period gross write-off	$	—	$	—	$	—	$	(122)	$	—	$	(53)	$	—	$	(175)
Residential 1-4 Family – Revolving
Current	$	19,309	$	12,011	$	23,625	$	37,365	$	8,604	$	4,873	$	1,127,245	$	1,233,032
30-59 Days Past Due		—		21		110		104		—		43		3,716		3,994
60-89 Days Past Due		—		11		47		123		—		—		1,976		2,157
90+ Days Past Due		—		—		273		—		—		18		3,167		3,458
Nonaccrual		59		—		129		91		—		37		5,327		5,643
Total Residential 1-4 Family – Revolving	$	19,368	$	12,043	$	24,184	$	37,683	$	8,604	$	4,971	$	1,141,431	$	1,248,284
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	—	$	(375)	$	(375)
Auto
Current	$	1,987	$	1,770	$	36,214	$	88,117	$	36,540	$	13,987	$	—	$	178,615
30-59 Days Past Due		52		—		635		1,624		737		284		—		3,332
60-89 Days Past Due		—		—		113		431		166		87		—		797
90+ Days Past Due		—		—		57		221		74		52		—		404
Nonaccrual		—		—		122		257		147		46		—		572
Total Auto	$	2,039	$	1,770	$	37,141	$	90,650	$	37,664	$	14,456	$	—	$	183,720
Current period gross write-off	$	(146)	$	—	$	(284)	$	(886)	$	(246)	$	(181)	$	—	$	(1,743)
Consumer
Current	$	14,244	$	8,307	$	4,691	$	5,986	$	4,856	$	25,883	$	56,839	$	120,806
30-59 Days Past Due		14		28		11		30		2		309		50		444
60-89 Days Past Due		30		25		19		21		1		69		6		171
90+ Days Past Due		4		16		1		16		—		8		10		55
Nonaccrual		—		2		—		8		2		—		—		12
Total Consumer	$	14,292	$	8,378	$	4,722	$	6,061	$	4,861	$	26,269	$	56,905	$	121,488
Current period gross write-off	$	(10)	$	(248)	$	(262)	$	(50)	$	(37)	$	(786)	$	(179)	$	(1,572)
Total Consumer
Current	$	370,068	$	217,712	$	268,334	$	820,457	$	646,987	$	780,973	$	1,200,712	$	4,305,243
30-59 Days Past Due		459		126		3,529		4,623		2,339		10,665		3,940		25,681
60-89 Days Past Due		555		736		303		2,761		503		1,913		1,982		8,753
90+ Days Past Due		4		468		640		613		1,011		3,581		3,233		9,550
Nonaccrual		59		182		1,397		5,589		3,650		12,773		5,874		29,524
Total Consumer	$	371,145	$	219,224	$	274,203	$	834,043	$	654,490	$	809,905	$	1,215,741	$	4,378,751
Total current period gross write-off	$	(156)	$	(248)	$	(546)	$	(1,058)	$	(283)	$	(1,020)	$	(554)	$	(3,865)

The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):

		2024
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2024		2023		2022		2021		2020		Prior		Loans		Total
Residential 1-4 Family – Consumer
Current	$	137,808	$	171,237	$	287,376	$	277,653	$	151,177	$	241,203	$	13	$	1,266,467
30-59 Days Past Due		233		405		14		470		954		3,852		—		5,928
60-89 Days Past Due		—		28		216		5,546		—		1,600		—		7,390
90+ Days Past Due		—		150		94		—		—		1,063		—		1,307
Nonaccrual		—		505		2,953		1,109		207		7,951		—		12,725
Total Residential 1-4 Family – Consumer	$	138,041	$	172,325	$	290,653	$	284,778	$	152,338	$	255,669	$	13	$	1,293,817
Current period gross write-off	$	—	$	(76)	$	(3)	$	—	$	—	$	(142)	$	—	$	(221)
Residential 1-4 Family – Revolving
Current	$	17,522	$	33,934	$	45,558	$	10,407	$	3,578	$	1,731	$	634,744	$	747,474
30-59 Days Past Due		—		11		81		—		30		—		1,702		1,824
60-89 Days Past Due		—		—		—		—		—		—		2,110		2,110
90+ Days Past Due		—		178		130		—		—		—		1,402		1,710
Nonaccrual		—		139		112		—		45		—		3,530		3,826
Total Residential 1-4 Family – Revolving	$	17,522	$	34,262	$	45,881	$	10,407	$	3,653	$	1,731	$	643,488	$	756,944
Current period gross write-off	$	—	$	—	$	—	$	(28)	$	—	$	—	$	(189)	$	(217)
Auto
Current	$	2,251	$	55,170	$	145,517	$	68,282	$	28,923	$	11,211	$	—	$	311,354
30-59 Days Past Due		—		507		1,571		1,053		218		266		—		3,615
60-89 Days Past Due		—		97		233		87		—		39		—		456
90+ Days Past Due		—		10		149		74		31		20		—		284
Nonaccrual		—		94		305		113		118		29		—		659
Total Auto	$	2,251	$	55,878	$	147,775	$	69,609	$	29,290	$	11,565	$	—	$	316,368
Current period gross write-off	$	—	$	(243)	$	(835)	$	(335)	$	(82)	$	(75)	$	—	$	(1,570)
Consumer
Current	$	13,664	$	7,932	$	12,490	$	6,998	$	5,903	$	27,967	$	28,574	$	103,528
30-59 Days Past Due		26		73		87		9		10		542		57		804
60-89 Days Past Due		15		54		56		10		14		333		4		486
90+ Days Past Due		—		4		31		3		4		—		2		44
Nonaccrual		—		—		13		7		—		—		—		20
Total Consumer	$	13,705	$	8,063	$	12,677	$	7,027	$	5,931	$	28,842	$	28,637	$	104,882
Current period gross write-off	$	(6)	$	(206)	$	(116)	$	(31)	$	(782)	$	(756)	$	(162)	$	(2,059)
Total Consumer
Current	$	171,245	$	268,273	$	490,941	$	363,340	$	189,581	$	282,112	$	663,331	$	2,428,823
30-59 Days Past Due		259		996		1,753		1,532		1,212		4,660		1,759		12,171
60-89 Days Past Due		15		179		505		5,643		14		1,972		2,114		10,442
90+ Days Past Due		—		342		404		77		35		1,083		1,404		3,345
Nonaccrual		—		738		3,383		1,229		370		7,980		3,530		17,230
Total Consumer	$	171,519	$	270,528	$	496,986	$	371,821	$	191,212	$	297,807	$	672,138	$	2,472,011
Total current period gross write-off	$	(6)	$	(525)	$	(954)	$	(394)	$	(864)	$	(973)	$	(351)	$	(4,067)

As of December 31, 2025 and 2024, the Company did not have any material revolving loans convert to term.