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NOTE 3 - LOANS/LEASES RECEIVABLE
3 Months Ended
Mar. 31, 2026
LOANS/LEASES RECEIVABLE  
LOANS/LEASES RECEIVABLE

NOTE 3 – LOANS/LEASES RECEIVABLE

The composition of the loan/lease portfolio as of March 31, 2026 and December 31, 2025 is presented as follows:

  ​ ​ ​

March 31, 2026

December 31, 2025

(dollars in thousands)

C&I:

C&I - revolving

$

376,284

$

384,656

C&I - other */**

1,296,273

1,318,866

1,672,557

1,703,522

 

  ​

 

  ​

CRE - owner occupied

 

588,098

 

577,352

CRE - non-owner occupied

 

1,000,673

1,036,655

Construction and land development**

 

1,301,630

 

1,308,422

Multi-family**

1,937,922

1,769,331

Direct financing leases***

 

7,947

 

9,533

1-4 family real estate****

618,973

603,683

Consumer

 

157,700

 

158,457

 

7,285,500

 

7,166,955

Allowance for credit losses

 

(85,459)

 

(90,127)

$

7,200,041

$

7,076,828

Direct financing leases:

 

  ​

 

  ​

Net minimum lease payments to be received

$

8,417

$

10,076

Estimated unguaranteed residual values of leased assets

 

95

 

165

Unearned lease/residual income

 

(565)

 

(708)

 

7,947

 

9,533

Less allowance for credit losses

 

(263)

 

(311)

$

7,684

$

9,222

*      Includes equipment financing agreements outstanding through m2, totaling $152.9 million and $178.1 million as of March 31, 2026 and December 31, 2025, respectively.

**

As of March 31, 2026, there were LIHTC multi-family loans held for sale in preparation for securitization totaling $315.6 million and C&I – other loans and construction loans totaling $129.6 million and $77.7 million, respectively, held for sale in preparation for a LIHTC loan sale.  There were no loans held for sale in preparation for securitization or LIHTC loan sales at December 31, 2025. All loans held for sale are performing and pass rated.

***   Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors, which is combined with management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The majority of leases with residual values contain a lease options rider, which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal.

**** Includes residential real estate loans held for sale totaling $2.1 million and $1.4 million as of March 31, 2026 and December 31, 2025, respectively.

Accrued interest on loans, which is excluded from the amortized cost of loans, totaled $31.2 million and $32.8 million at March 31, 2026 and December 31, 2025, respectively, and was included in Other Assets on the consolidated balance sheets.

The aging of the loan/lease portfolio by classes of loans/leases as of March 31, 2026 and December 31, 2025 is presented as follows and all loans held for sale are current:

As of March 31, 2026

 

Accruing Past

 

30-59 Days

60-89 Days

Due 90 Days or

Nonaccrual

 

Classes of Loans/Leases

  ​ ​ ​

Current

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

More

  ​ ​ ​

Loans/Leases

  ​ ​ ​

Total

 

(dollars in thousands)

C&I:

C&I - revolving

$

375,442

$

$

$

$

842

$

376,284

C&I - other

1,265,486

2,673

1,198

35

26,881

1,296,273

CRE - owner occupied

 

579,706

6,491

1,901

 

588,098

CRE - non-owner occupied

 

997,446

356

2,871

 

1,000,673

Construction and land development

1,283,647

13,865

4,118

1,301,630

Multi-family

 

1,928,981

6,608

2,333

 

1,937,922

Direct financing leases

 

7,895

52

 

7,947

1-4 family real estate

 

613,657

2,629

141

2,546

 

618,973

Consumer

 

157,295

117

9

279

 

157,700

$

7,209,555

$

18,874

$

15,213

$

35

$

41,823

$

7,285,500

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

As a percentage of total loan/lease portfolio

 

98.96

%  

 

0.26

%  

 

0.21

%  

 

0.00

%  

 

0.57

%  

 

100.00

%

As of December 31, 2025

 

Accruing Past

 

30-59 Days

60-89 Days

Due 90 Days or

Nonaccrual

 

Classes of Loans/Leases

  ​ ​ ​

Current

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

More

  ​ ​ ​

Loans/Leases

  ​ ​ ​

Total

 

(dollars in thousands)

C&I

C&I - revolving

$

363,820

$

19,972

$

$

$

864

$

384,656

C&I - other

 

1,284,558

3,755

1,915

3

28,635

1,318,866

CRE - owner occupied

 

575,669

1,277

406

 

577,352

CRE - non-owner occupied

 

1,033,991

2,664

 

1,036,655

Construction and land development

 

1,304,238

66

4,118

1,308,422

Multi-family

1,735,026

31,972

2,333

 

1,769,331

Direct financing leases

 

8,346

1,133

54

 

9,533

1-4 family real estate

 

597,924

2,760

192

82

2,725

 

603,683

Consumer

 

157,962

24

58

413

 

158,457

$

7,061,534

$

60,893

$

2,231

$

85

$

42,212

$

7,166,955

As a percentage of total loan/lease portfolio

 

98.53

%  

 

0.85

%  

 

0.03

%  

 

0.00

%  

 

0.59

%  

 

100.00

%

NPLs by classes of loans/leases as of March 31, 2026 and December 31, 2025 are presented as follows and all loans held for sale are performing and not included in this table:

As of March 31, 2026

Accruing Past

Nonaccrual

Nonaccrual

Due 90 Days or

Loans/Leases

Loans/Leases

Percentage of

Classes of Loans/Leases

  ​ ​ ​

More

  ​ ​ ​

with an ACL

  ​ ​ ​

without an ACL

  ​ ​ ​

Total NPLs

  ​ ​ ​

Total NPLs

 

 

(dollars in thousands)

C&I:

 

C&I - revolving

$

$

$

842

$

842

 

2

%

C&I - other

35

18,170

8,711

26,916

64

CRE - owner occupied

 

622

1,279

1,901

 

5

CRE - non-owner occupied

 

2,871

2,871

 

7

Construction and land development

4,118

4,118

10

Multi-family

 

2,333

2,333

 

5

Direct financing leases

 

52

52

 

-

1-4 family real estate

 

2,199

347

2,546

 

6

Consumer

 

279

279

 

1

$

35

$

30,644

$

11,179

$

41,858

 

100

%

As of December 31, 2025

 

Accruing Past

Nonaccrual

Nonaccrual

 

Due 90 Days or

Loans/Leases

Loans/Leases

Percentage of

 

Classes of Loans/Leases

  ​ ​ ​

More

  ​ ​ ​

with an ACL

  ​ ​ ​

without an ACL

  ​ ​ ​

Total NPLs

  ​ ​ ​

Total NPLs

 

 

(dollars in thousands)

C&I:

C&I - revolving

$

$

$

864

$

864

 

2

%

C&I - other

3

19,678

8,957

28,638

68

CRE - owner occupied

 

 

406

 

 

406

 

1

CRE - non-owner occupied

 

 

2,664

 

 

2,664

 

6

Construction and land development

 

 

4,118

 

 

4,118

 

10

Multi-family

 

 

2,333

 

 

2,333

 

5

Direct financing leases

 

 

54

 

 

54

 

0

1-4 family real estate

 

82

 

2,409

 

316

 

2,807

 

7

Consumer

 

 

413

 

 

413

 

1

$

85

$

32,075

$

10,137

$

42,297

100

%

The Company did not recognize any interest income on nonaccrual loans during the three months ended March 31, 2026 and 2025.

Three Months Ended March 31, 2026

CRE

CRE

Construction

1-4

  ​ ​ ​

C&I -

C&I -

Owner

Non-Owner

and Land

Multi-

Family

 

Revolving

Other*

Occupied

Occupied

Development

Family

Real Estate

  ​ ​ ​

Consumer

  ​ ​ ​

Total

(dollars in thousands)

Balance, beginning

$

3,747

$

27,684

$

6,324

$

11,457

$

15,397

$

18,860

$

4,986

$

1,672

$

90,127

Change in ACL for the transfer of loans to LHFS

(3,450)

(3,450)

Provision

 

(57)

(681)

108

 

268

18

2,498

438

96

 

2,688

Charge-offs

 

(3)

(4,401)

 

(9)

(34)

 

(4,447)

Recoveries

 

39

405

87

 

10

 

541

Balance, ending

$

3,726

$

23,007

$

6,519

$

11,725

$

15,415

$

17,908

$

5,415

$

1,744

$

85,459

*   Included within the C&I – Other column are ACL on leases with a beginning balance of $311 thousand, negative provision of $274 thousand, no charge-offs and recoveries of $226 thousand. ACL on leases was $263 thousand as of March 31, 2026.

Three Months Ended March 31, 2025

CRE

CRE

Construction

1-4

  ​ ​ ​

C&I -

C&I -

Owner

Non-Owner

and Land

Multi-

Family

Revolving

Other*

Occupied

Occupied

Development

Family

Real Estate

Consumer

  ​ ​ ​

Total

  ​ ​ ​

(dollars in thousands)

Balance, beginning

$

3,856

$

34,002

$

7,147

$

11,137

$

15,099

$

12,173

$

4,934

$

1,493

$

89,841

Provision

96

2,099

(6)

(76)

1,602

795

187

46

 

4,743

Charge-offs

 

 

(4,878)

 

 

 

 

 

(26)

 

(40)

 

(4,944)

Recoveries

 

 

622

 

 

 

59

 

 

 

33

 

714

Balance, ending

$

3,952

$

31,845

$

7,141

$

11,061

$

16,760

$

12,968

$

5,095

$

1,532

$

90,354

*    Included within the C&I – Other column are ACL on leases with a beginning balance of $580 thousand, provision of $87 thousand, charge-offs of $191 thousand and recoveries of $9 thousand. ACL on leases was $485 thousand as of March 31, 2025.

The composition of the ACL on loans/leases held for investment by portfolio segment based on evaluation method as of March 31, 2026 and December 31, 2025 are as follows:

As of March 31, 2026

Amortized Cost of Loans Receivable

Allowance for Credit Losses

Individually

Collectively

Individually

Collectively

Evaluated for

Evaluated for

Evaluated for

Evaluated for

  ​ ​ ​

Credit Losses

  ​ ​ ​

Credit Losses

Total

Credit Losses

  ​ ​ ​

Credit Losses

Total

(dollars in thousands)

C&I :

C&I - revolving

$

3,998

$

372,286

$

376,284

$

23

$

3,703

$

3,726

C&I - other*

 

30,388

1,144,272

 

1,174,660

 

7,523

 

15,484

 

23,007

 

34,386

 

1,516,558

 

1,550,944

 

7,546

 

19,187

 

26,733

CRE - owner occupied

 

25,101

 

562,997

 

588,098

 

1,409

 

5,110

 

6,519

CRE - non-owner occupied

 

3,620

 

997,053

 

1,000,673

 

1,703

 

10,022

 

11,725

Construction and land development

 

4,484

 

1,219,467

 

1,223,951

 

1,663

 

13,752

 

15,415

Multi-family

4,607

1,617,687

1,622,294

767

17,141

17,908

1-4 family real estate

 

3,060

 

613,849

 

616,909

 

269

 

5,146

 

5,415

Consumer

 

319

 

157,381

 

157,700

 

39

 

1,705

 

1,744

$

75,577

$

6,684,992

$

6,760,569

$

13,396

$

72,063

$

85,459

*   Included within the C&I – other category are leases individually evaluated of $52 thousand with a related allowance for credit losses of $15 thousand and leases collectively evaluated of $7.9 million with a related allowance for credit losses of $248 thousand as of March 31, 2026.

As of December 31, 2025

Amortized Cost of Loans Receivable

Allowance for Credit Losses

Individually

Collectively

Individually

Collectively

Evaluated for

Evaluated for

Evaluated for

Evaluated for

  ​ ​ ​

Credit Losses

  ​ ​ ​

Credit Losses

Total

Credit Losses

  ​ ​ ​

Credit Losses

Total

(dollars in thousands)

C&I :

C&I - revolving

$

5,726

$

378,930

$

384,656

$

39

$

3,708

$

3,747

C&I - other*

 

30,579

1,297,820

 

1,328,399

 

6,566

 

21,118

 

27,684

 

36,305

 

1,676,750

 

1,713,055

 

6,605

 

24,826

 

31,431

CRE - owner occupied

 

23,711

 

553,641

 

577,352

 

1,464

 

4,860

 

6,324

CRE - non-owner occupied

 

3,419

 

1,033,236

 

1,036,655

 

1,642

 

9,815

 

11,457

Construction and land development

 

4,485

 

1,303,937

 

1,308,422

 

1,664

 

13,733

 

15,397

Multi-family

4,619

1,764,712

1,769,331

429

18,431

18,860

1-4 family real estate

 

1,966

 

600,288

 

602,254

 

300

 

4,686

 

4,986

Consumer

 

454

 

158,003

 

158,457

 

50

 

1,622

 

1,672

$

74,959

$

7,090,567

$

7,165,526

$

12,154

$

77,973

$

90,127

*   Included within the C&I – other category are leases individually evaluated of $54 thousand with a related allowance for credit losses of $16 thousand and leases collectively evaluated of $9.5 million with a related allowance for credit losses of $295 thousand as of December 31, 2025.

The following table presents the amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses as of March 31, 2026 and December 31, 2025:

As of March 31, 2026

Non

Commercial

Owner-occupied

Owner-Occupied

Owner Occupied

  ​ ​ ​

Assets

  ​ ​ ​

CRE

  ​ ​ ​

Real Estate

Real Estate

Securities

Equipment

Other

Total

(dollars in thousands)

C & I:

C&I - revolving

$

3,913

$

$

85

$

$

$

$

$

3,998

C&I - other*

 

8,439

 

244

 

150

 

 

4,760

 

7,008

 

9,787

 

30,388

 

12,352

 

244

 

235

 

 

4,760

 

7,008

 

9,787

 

34,386

CRE - owner occupied

 

 

24,460

 

 

641

 

 

 

 

25,101

CRE - non-owner occupied

 

 

 

3,620

 

 

 

 

 

3,620

Construction and land development

 

 

 

4,484

 

 

 

 

 

4,484

Multi-family

4,607

4,607

1-4 family real estate

 

 

 

384

 

2,676

 

 

 

 

3,060

Consumer

 

 

 

 

286

 

 

 

33

 

319

$

12,352

$

24,704

$

13,330

$

3,603

$

4,760

$

7,008

$

9,820

$

75,577

*   Included within the C&I – other category are leases individually evaluated of $52 thousand with primary collateral of equipment.

As of December 31, 2025

Non

Commercial

Owner-occupied

Owner-Occupied

Owner Occupied

  ​ ​ ​

Assets

  ​ ​ ​

CRE

  ​ ​ ​

Real Estate

Real Estate

Securities

Equipment

Other

Total

(dollars in thousands)

C & I:

C&I - revolving

$

5,487

$

$

239

$

$

$

$

$

5,726

C&I - other*

 

7,001

 

 

 

 

4,760

 

7,610

 

11,208

 

30,579

 

12,488

 

 

239

 

 

4,760

 

7,610

 

11,208

 

36,305

CRE - owner occupied

 

 

23,065

 

 

646

 

 

 

 

23,711

CRE - non-owner occupied

 

 

 

3,419

 

 

 

 

 

3,419

Construction and land development

 

 

 

4,485

 

 

 

 

 

4,485

Multi-family

4,619

4,619

1-4 family real estate

 

 

 

37

 

3,358

 

 

 

 

3,395

Consumer

 

 

 

 

444

 

 

 

10

 

454

$

12,488

$

23,065

$

12,799

$

4,448

$

4,760

$

7,610

$

11,218

$

76,388

*   Included within the C&I – other category are leases individually evaluated of $54 thousand with primary collateral of equipment.

For all loans except direct financing leases and equipment financing agreements, the Company’s credit quality indicator consists of internally assigned risk ratings.  Each such loan is assigned a risk rating upon origination. The risk rating is reviewed every 15 months, at a minimum, and on an as-needed basis depending on the specific circumstances of the loan.

For certain C&I loans (including equipment financing agreements and direct financing leases), the Company’s credit quality indicator is performance determined by delinquency status.  Delinquency status is updated daily by the Company’s loan system.

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of March 31, 2026, and all loans held for sale are included in the pass rated line:

As of March 31, 2026

Term Loans

 

Amortized Cost Basis by Origination Year

 

Revolving

Loans

Internally Assigned

Amortized

Risk Rating

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

Prior

Cost Basis

Total

(dollars in thousands)

C&I - revolving

Pass

$

$

$

$

$

$

$

344,559

$

344,559

Special Mention

 

27,727

 

27,727

Substandard

 

3,998

 

3,998

Doubtful

 

 

Total C&I - revolving

$

$

$

$

$

$

$

376,284

$

376,284

C&I - other

Pass

$

94,170

$

269,886

$

144,709

$

303,050

$

118,978

$

175,815

$

$

1,106,608

Special Mention

 

5,063

4,322

1,726

124

573

2,551

 

14,359

Substandard

 

1,678

5,537

8,983

358

793

5,029

 

22,378

Doubtful

 

 

Total C&I - other

$

100,911

$

279,745

$

155,418

$

303,532

$

120,344

$

183,395

$

$

1,143,345

CRE - owner occupied

Pass

$

39,105

$

110,688

$

54,485

$

77,755

$

78,831

$

179,507

$

10,162

$

550,533

Special Mention

 

5,213

1,214

21

1,959

7,857

 

16,264

Substandard

 

1,443

98

2,104

17,656

 

21,301

Doubtful

 

 

Total CRE - owner occupied

$

44,318

$

113,345

$

54,485

$

77,874

$

82,894

$

205,020

$

10,162

$

588,098

CRE - non-owner occupied

Pass

$

49,389

$

243,711

$

125,989

$

121,612

$

201,947

$

192,349

$

43,941

$

978,938

Special Mention

 

6,422

34

1,000

10,448

211

 

18,115

Substandard

 

77

2,871

316

356

 

3,620

Doubtful

 

 

Total CRE - non-owner occupied

$

55,811

$

243,822

$

126,989

$

124,483

$

212,711

$

192,916

$

43,941

$

1,000,673

Construction and land development

Pass

$

85,227

$

389,602

$

378,276

$

331,202

$

63,663

$

8,065

$

41,296

$

1,297,331

Special Mention

 

21

69

 

90

Substandard

 

4,118

91

 

4,209

Doubtful

 

 

Total Construction and land development

$

85,227

$

389,602

$

382,415

$

331,293

$

63,663

$

8,134

$

41,296

$

1,301,630

Multi-family

Pass

$

76,405

$

489,394

$

167,145

$

239,870

$

376,445

$

578,319

$

1,555

$

1,929,133

Special Mention

 

4,182

 

4,182

Substandard

 

2,265

2,333

9

 

4,607

Doubtful

 

 

Total Multi-family

$

78,670

$

491,727

$

167,145

$

239,870

$

380,627

$

578,328

$

1,555

$

1,937,922

1-4 family real estate

Pass

$

61,371

$

114,183

$

84,492

$

83,451

$

69,190

$

195,290

$

5,918

$

613,895

Special Mention

 

48

1,493

477

 

2,018

Substandard

 

268

623

298

1,844

27

 

3,060

Doubtful

 

 

Total 1-4 family real estate

$

61,419

$

115,676

$

84,760

$

84,074

$

69,488

$

197,611

$

5,945

$

618,973

Consumer

Pass

$

5,784

$

11,741

$

3,603

$

3,624

$

2,324

$

1,635

$

128,607

$

157,318

Special Mention

 

64

 

64

Substandard

 

20

74

167

57

 

318

Doubtful

 

 

Total Consumer

$

5,784

$

11,741

$

3,623

$

3,698

$

2,491

$

1,635

$

128,728

$

157,700

Total

$

432,140

$

1,645,658

$

974,835

$

1,164,824

$

932,218

$

1,367,039

$

607,911

$

7,124,625

As of March 31, 2026

Term Loans

 

Amortized Cost Basis by Origination Year

Revolving

Loans

Amortized

Delinquency Status *

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

Cost Basis

Total

 

(dollars in thousands)

C&I - other

Performing

$

432

$

$

67,842

$

51,614

$

22,071

$

4,298

$

$

146,257

Nonperforming

 

1,076

3,148

1,797

650

 

 

6,671

Total C&I - other

$

432

$

$

68,918

$

54,762

$

23,868

$

4,948

$

$

152,928

Direct financing leases

Performing

$

$

(310)

$

925

$

4,341

$

2,515

$

424

$

$

7,895

Nonperforming

 

41

11

 

 

52

Total Direct financing leases

$

$

(310)

$

925

$

4,341

$

2,556

$

435

$

$

7,947

Total

$

432

$

(310)

$

69,843

$

59,103

$

26,424

$

5,383

$

$

160,875

* Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual and accruing loans/leases that are greater than or equal to 90 days past due.

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of December 31, 2025, and all loans held for sale are included in the pass rated line:

As of December 31, 2025

Term Loans

Amortized Cost Basis by Origination Year

Revolving

Loans

Internally Assigned

Amortized

Risk Rating

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

Prior

Cost Basis

Total

(dollars in thousands)

C&I - revolving

Pass

$

$

$

$

$

$

$

352,945

$

352,945

Special Mention

 

25,985

 

25,985

Substandard

 

5,726

 

5,726

Doubtful

 

 

Total C&I - revolving

$

$

$

$

$

$

$

384,656

$

384,656

C&I - other

Pass

$

300,721

$

171,903

$

288,321

$

144,943

$

61,157

$

137,083

$

$

1,104,128

Special Mention

 

6,659

1,881

351

1,552

2,285

1,385

 

14,113

Substandard

 

5,520

11,195

126

755

84

4,838

 

22,518

Doubtful

 

 

Total C&I - other

$

312,900

$

184,979

$

288,798

$

147,250

$

63,526

$

143,306

$

$

1,140,759

CRE - owner occupied

Pass

$

109,608

$

55,117

$

80,181

$

81,512

$

91,330

$

110,939

$

11,091

$

539,778

Special Mention

 

22

7,523

8,280

1,864

 

17,689

Substandard

 

1,222

111

825

696

17,031

 

19,885

Doubtful

 

 

Total CRE - owner occupied

$

110,830

$

55,117

$

80,314

$

89,860

$

100,306

$

129,834

$

11,091

$

577,352

CRE - non-owner occupied

Pass

$

281,076

$

126,112

$

152,953

$

210,062

$

129,932

$

75,744

$

42,996

$

1,018,875

Special Mention

 

5,173

1,006

201

5,380

2,387

214

 

14,361

Substandard

 

78

2,664

319

358

 

3,419

Doubtful

 

 

Total CRE - non-owner occupied

$

286,327

$

127,118

$

155,818

$

215,761

$

132,319

$

76,316

$

42,996

$

1,036,655

Construction and land development

Pass

$

365,346

$

409,811

$

350,290

$

95,684

$

44,865

$

255

$

37,801

$

1,304,052

Special Mention

 

90

70

 

160

Substandard

 

4,118

92

 

4,210

Doubtful

 

 

Total Construction and land development

$

365,346

$

414,019

$

350,382

$

95,684

$

44,935

$

255

$

37,801

$

1,308,422

Multi-family

Pass

$

500,378

$

145,022

$

225,730

$

350,851

$

187,331

$

355,047

$

354

$

1,764,713

Special Mention

 

 

Substandard

 

2,333

12

2,273

 

4,618

Doubtful

 

 

Total Multi-family

$

502,711

$

145,022

$

225,730

$

350,851

$

187,343

$

357,320

$

354

$

1,769,331

1-4 family real estate

Pass

$

135,947

$

90,638

$

88,216

$

70,462

$

96,075

$

110,623

$

6,017

$

597,978

Special Mention

 

1,507

354

526

6

 

2,393

Substandard

 

286

281

617

636

1,492

 

3,312

Doubtful

 

 

Total 1-4 family real estate

$

137,454

$

90,924

$

88,851

$

71,079

$

97,237

$

112,121

$

6,017

$

603,683

Consumer

Pass

$

15,483

$

4,161

$

3,964

$

2,870

$

698

$

1,426

$

129,337

$

157,939

Special Mention

 

64

 

64

Substandard

 

220

174

60

 

454

Doubtful

 

 

Total Consumer

$

15,483

$

4,161

$

4,184

$

3,044

$

698

$

1,426

$

129,461

$

158,457

Total

$

1,731,051

$

1,021,340

$

1,194,077

$

973,529

$

626,364

$

820,578

$

612,376

$

6,979,315

As of December 31, 2025

Term Loans

 

Amortized Cost Basis by Origination Year

Revolving

Loans

Amortized

Delinquency Status *

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Cost Basis

  ​ ​ ​

Total

 

(dollars in thousands)

C&I - other

Performing

$

1,001

$

74,605

$

60,869

$

27,697

$

5,885

$

628

$

$

170,685

Nonperforming

 

1,135

 

3,308

2,161

 

764

 

54

 

 

7,422

Total C&I - other

$

1,001

$

75,740

$

64,177

$

29,858

$

6,649

$

682

$

$

178,107

Direct financing leases

Performing

$

203

$

665

$

4,883

$

3,043

$

557

$

128

$

$

9,479

Nonperforming

 

 

49

 

5

 

 

 

54

Total Direct financing leases

$

203

$

665

$

4,883

$

3,092

$

562

$

128

$

$

9,533

Total

$

1,204

$

76,405

$

69,060

$

32,950

$

7,211

$

810

$

$

187,640

* Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual and accruing loans/leases that are greater than or equal to 90 days past due.

The following table shows the gross charge-offs of loans and leases by class of receivable and year of origination for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31, 2026

Three Months Ended March 31, 2025

Gross Charge-off by Origination Year

Gross Charge-off by Origination Year

Classes of Loans/Leases

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

Prior

Total

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

Prior

Total

(dollars in thousands)

(dollars in thousands)

C&I:

C&I - revolving

$

3

$

$

$

$

$

$

3

$

$

$

$

$

$

$

C&I - other

23

2,454

1,212

602

110

4,401

1,357

1,240

1,664

316

110

4,687

CRE - owner occupied

CRE - non-owner occupied

Construction and land development

Multi-family

Direct financing leases

136

39

10

6

191

1-4 family real estate

9

9

3

23

26

Consumer

16

18

34

40

40

$

26

$

$

2,470

$

1,230

$

602

$

119

$

4,447

$

$

1,496

$

1,319

$

1,697

$

316

$

116

$

4,944

There were no loan and lease modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2026. Any loan and lease modifications to borrowers experiencing financial difficulty during 2025 were deemed immaterial.

Changes in the ACL for OBS exposures for the three months ended March 31, 2026 and 2025 are presented as follows:

Three Months Ended

March 31, 2026

  ​ ​ ​

March 31, 2025

Balance, beginning

$

7,138

$

8,273

Provisions (credited) to expense

 

(234)

 

(509)

Balance, ending

$

6,904

$

7,764