Note 3 - LOANS/LEASES RECEIVABLE

3 Months Ended

Mar. 31, 2025

LOANS/LEASES RECEIVABLE

LOANS/LEASES RECEIVABLE

NOTE 3 – LOANS/LEASES RECEIVABLE

The composition of the loan/lease portfolio as of March 31, 2025 and December 31, 2024 is presented as follows:

	March 31, 2025		December 31, 2024
	(dollars in thousands)
C&I:
C&I - revolving	$	388,479	$	387,991
C&I - other *		1,444,119		1,514,932
		1,832,598		1,902,923
CRE - owner occupied		599,488		605,993
CRE - non-owner occupied		1,040,281		1,077,852
Construction and land development		1,419,208		1,313,543
Multi-family		1,178,299		1,132,110
Direct financing leases**		14,773		17,076
1-4 family real estate***		592,127		588,179
Consumer		146,393		146,728
		6,823,167		6,784,404
Allowance for credit losses		(90,354)		(89,841)
	$	6,732,813	$	6,694,563
** Direct financing leases:
Net minimum lease payments to be received	$	15,931	$	18,506
Estimated unguaranteed residual values of leased assets		165		165
Unearned lease/residual income		(1,323)		(1,595)
		14,773		17,076
Less allowance for credit losses		(485)		(580)
	$	14,288	$	16,496

*      Includes equipment financing agreements outstanding through m2, totaling $270.2 million and $303.2 million as of March 31, 2025 and December 31, 2024, respectively.

**     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 held for sale totaling $2.0 million and $2.1 million as of March 31, 2025 and December 31, 2024, respectively.

Accrued interest on loans, which is excluded from the amortized cost of loans, totaled $46.1 million at both March 31, 2025 and December 31, 2024, and was included in Other Assets on the consolidated balance sheets.

Changes in accretable discounts on acquired loans for the three months ended March 31, 2025 and 2024, respectively, are presented as follows:

	For the Three Months Ended
	March 31, 2025		March 31, 2024
	Performing		Performing
	Loans		Loans
	(dollars in thousands)
Balance at the beginning of the period	$	(2,310)	$	(3,891)
Accretion recognized		195		352
Balance at the end of the period	$	(2,115)	$	(3,539)

The aging of the loan/lease portfolio by classes of loans/leases as of March 31, 2025 and December 31, 2024 is presented as follows:

	As of March 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	$	384,613		$	430		$	—		$	—		$	3,436	$		388,479
C&I - other		1,397,794			8,427			6,419			6			31,473			1,444,119
CRE - owner occupied		595,764			1,194			—			—			2,530			599,488
CRE - non-owner occupied		1,037,520			—			—			—			2,761			1,040,281
Construction and land development		1,400,875			—			13,865			350			4,118			1,419,208
Multi-family		1,168,002			10,297			—			—			—			1,178,299
Direct financing leases		14,155			368			45			—			205			14,773
1-4 family real estate		588,161			1,606			—			—			2,360			592,127
Consumer		145,741			86			190			—			376			146,393
	$	6,732,625		$	22,408		$	20,519		$	356		$	47,259		$	6,823,167
As a percentage of total loan/lease portfolio		98.67	%		0.33	%		0.30	%		0.01	%		0.69	%		100.00	%

	As of December 31, 2024
										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	$	387,767		$	30		$	—		$	—		$	194	$		387,991
C&I - other		1,474,729			13,159			2,931			2			24,111			1,514,932
CRE - owner occupied		604,550			173			454			—			816			605,993
CRE - non-owner occupied		1,074,541			85			—			—			3,226			1,077,852
Construction and land development		1,300,893			8			—			4,188			8,454			1,313,543
Multi-family		1,132,110			—			—			—			—			1,132,110
Direct financing leases		16,622			60			135			—			259			17,076
1-4 family real estate		579,943			4,910			539			80			2,707			588,179
Consumer		146,172			235			8			—			313			146,728
	$	6,717,327		$	18,660		$	4,067		$	4,270		$	40,080		$	6,784,404
As a percentage of total loan/lease portfolio		99.01	%		0.28	%		0.06	%		0.06	%		0.59	%		100.00	%

NPLs by classes of loans/leases as of March 31, 2025 and December 31, 2024 are presented as follows:

	As of March 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	$	—	$	186	$	3,250	$	3,436	7	%
C&I - other		6		29,387		2,086		31,479	66
CRE - owner occupied		—		1,176		1,354		2,530	5
CRE - non-owner occupied		—		2,761		—		2,761	6
Construction and land development		350		4,118		—		4,468	9
Multi-family		—		—		—		—	-
Direct financing leases		—		205		—		205	1
1-4 family real estate		—		2,026		334		2,360	5
Consumer		—		376		—		376	1
	$	356	$	40,235	$	7,024	$	47,615	100	%

	As of December 31, 2024
	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	$	—	$	193	$	1	$	194	-	%
C&I - other		2		20,849		3,262		24,113	54
CRE - owner occupied		—		816		—		816	2
CRE - non-owner occupied		—		2,686		540		3,226	7
Construction and land development		4,188		—		8,454		12,642	29
Multi-family		—		—		—		—	-
Direct financing leases		—		259		—		259	1
1-4 family real estate		80		2,366		341		2,787	6
Consumer		—		313		—		313	1
	$	4,270	$	27,482	$	12,598	$	44,350	100	%

The Company did not recognize any interest income on nonaccrual loans during the three months ended March 31, 2025 and 2024.

Changes in the ACL on loans/leases by portfolio segment for the three months ended March 31, 2025 and 2024, respectively, are presented as follows:

	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.

	Three Months Ended March 31, 2024
					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	$	4,224	$	27,460	$	8,223	$	11,581	$	16,856	$	12,463	$	4,917	$	1,476	$	87,200
Change in ACL for writedown of LHFS to fair value		—		—		—		—		(513)		(2,864)		—		—		(3,377)
Provision		216		2,227		193		1,026		(3,606)		3,329		375		(24)		3,736
Charge-offs		—		(3,538)		—		—		—		—		(3)		(19)		(3,560)
Recoveries		—		466		—		—		—		—		—		5		471
Balance, ending	$	4,440	$	26,615	$	8,416	$	12,607	$	12,737	$	12,928	$	5,289	$	1,438	$	84,470

*    Included within the C&I – Other column are ACL on leases with a beginning balance of $992 thousand, provision of $68 thousand, charge-offs of $89 thousand and recoveries of $49 thousand. ACL on leases was $884 thousand as of March 31, 2024.

The composition of the ACL on loans/leases by portfolio segment based on evaluation method are as follows:

	As of March 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	$	6,647	$	381,832	$	388,479	$	158	$	3,794	$	3,952
C&I - other*		41,266		1,417,626		1,458,892		11,973		19,872		31,845
		47,913		1,799,458		1,847,371		12,131		23,666		35,797
CRE - owner occupied		30,190		569,298		599,488		2,054		5,087		7,141
CRE - non-owner occupied		16,950		1,023,331		1,040,281		558		10,503		11,061
Construction and land development		5,047		1,414,161		1,419,208		1,353		15,407		16,760
Multi-family		20		1,178,279		1,178,299		2		12,966		12,968
1-4 family real estate		3,027		589,100		592,127		277		4,818		5,095
Consumer		444		145,949		146,393		43		1,489		1,532
	$	103,591	$	6,719,576	$	6,823,167	$	16,418	$	73,936	$	90,354

*   Included within the C&I – other category are leases individually evaluated of $205 thousand with a related allowance for credit losses of $70 thousand and leases collectively evaluated of $14.6 million with a related allowance for credit losses of $415 thousand as of March 31, 2025.

	As of December 31, 2024
	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	$	3,404	$	384,587	$	387,991	$	97	$	3,759	$	3,856
C&I - other*		38,140		1,493,868		1,532,008		9,437		24,565		34,002
		41,544		1,878,455		1,919,999		9,534		28,324		37,858
CRE - owner occupied		26,822		579,171		605,993		2,136		5,011		7,147
CRE - non-owner occupied		18,163		1,059,689		1,077,852		542		10,595		11,137
Construction and land development		13,346		1,300,197		1,313,543		1,343		13,756		15,099
Multi-family		23		1,132,087		1,132,110		2		12,171		12,173
1-4 family real estate		3,463		584,716		588,179		321		4,613		4,934
Consumer		443		146,285		146,728		45		1,448		1,493
	$	103,804	$	6,680,600	$	6,784,404	$	13,923	$	75,918	$	89,841

*   Included within the C&I – other category are leases individually evaluated of $259 thousand with a related allowance for credit losses of $93 thousand and leases collectively evaluated of $16.8 million with a related allowance for credit losses of $487 thousand as of December 31, 2024.

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, 2025 and December 31, 2024:

	As of March 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	$	6,647	$	—	$	—	$	—	$	—	$	—	$	—	$	6,647
C&I - other*		8,619		—		—		—		4,760		14,518		13,369		41,266
		15,266		—		—		—		4,760		14,518		13,369		47,913
CRE - owner occupied		—		30,145		—		45		—		—		—		30,190
CRE - non-owner occupied		—		—		16,950		—		—		—		—		16,950
Construction and land development		—		—		5,047		—		—		—		—		5,047
Multi-family		—		—		20		—		—		—		—		20
1-4 family real estate		—		—		174		2,853		—		—		—		3,027
Consumer		—		—		—		418		—		—		26		444
	$	15,266	$	30,145	$	22,191	$	3,316	$	4,760	$	14,518	$	13,395	$	103,591

*   Included within the C&I – other category are leases individually evaluated of $205 thousand with primary collateral of equipment.

	As of December 31, 2024
					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	$	3,404	$	—	$	—	$	—	$	—	$	—	$	—	$	3,404
C&I - other*		3,868		—		506		—		4,760		14,197		14,809		38,140
		7,272		—		506		—		4,760		14,197		14,809		41,544
CRE - owner occupied		—		26,760		—		62		—		—		—		26,822
CRE - non-owner occupied		—		—		18,163		—		—		—		—		18,163
Construction and land development		—		—		13,346		—		—		—		—		13,346
Multi-family		—		—		23		—		—		—		—		23
1-4 family real estate		—		—		176		3,287		—		—		—		3,463
Consumer		—		—		34		394		—		—		15		443
	$	7,272	$	26,760	$	32,248	$	3,743	$	4,760	$	14,197	$	14,824	$	103,804

*   Included within the C&I – other category are leases individually evaluated of $259 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, 2025:

	As of March 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	$	—	$	—	$	—	$	—	$	—	$	—	$	371,632	$	371,632
Special Mention		—		—		—		—		—		—		10,300		10,300
Substandard		—		—		—		—		—		—		6,547		6,547
Doubtful		—		—		—		—		—		—		—		—
Total C&I - revolving	$	—	$	—	$	—	$	—	$	—	$	—	$	388,479	$	388,479
C&I - other
Pass	$	78,405	$	251,383	$	335,627	$	194,433	$	76,302	$	198,808	$	—	$	1,134,958
Special Mention		4,354		2,359		807		899		2,148		680		—		11,247
Substandard		4,377		14,370		630		499		3,056		4,772		—		27,704
Doubtful		—		—		—		—		—		—		—		—
Total C&I - other	$	87,136	$	268,112	$	337,064	$	195,831	$	81,506	$	204,260	$	—	$	1,173,909
CRE - owner occupied
Pass	$	16,505	$	63,424	$	108,137	$	112,852	$	97,366	$	152,871	$	8,458	$	559,613
Special Mention		4,171		—		23		1,852		5,655		2,246		—		13,947
Substandard		544		4,919		691		963		1,339		17,472		—		25,928
Doubtful		—		—		—		—		—		—		—		—
Total CRE - owner occupied	$	21,220	$	68,343	$	108,851	$	115,667	$	104,360	$	172,589	$	8,458	$	599,488
CRE - non-owner occupied
Pass	$	58,989	$	192,192	$	167,883	$	244,801	$	154,288	$	172,959	$	19,172	$	1,010,284
Special Mention		4,217		1,059		—		384		562		6,825		—		13,047
Substandard		1,763		80		3,644		—		—		11,463		—		16,950
Doubtful		—		—		—		—		—		—		—		—
Total CRE - non-owner occupied	$	64,969	$	193,331	$	171,527	$	245,185	$	154,850	$	191,247	$	19,172	$	1,040,281
Construction and land development
Pass	$	32,968	$	476,119	$	571,563	$	233,936	$	65,051	$	53	$	33,502	$	1,413,192
Special Mention		—		1,529		—		—		74		—		—		1,603
Substandard		201		4,118		94		—		—		—		—		4,413
Doubtful		—		—		—		—		—		—		—		—
Total Construction and land development	$	33,169	$	481,766	$	571,657	$	233,936	$	65,125	$	53	$	33,502	$	1,419,208
Multi-family
Pass	$	67,766	$	136,144	$	136,053	$	268,427	$	184,525	$	375,318	$	7,712	$	1,175,945
Special Mention		2,334		—		—		—		—		—		—		2,334
Substandard		—		—		—		—		20		—		—		20
Doubtful		—		—		—		—		—		—		—		—
Total Multi-family	$	70,100	$	136,144	$	136,053	$	268,427	$	184,545	$	375,318	$	7,712	$	1,178,299
1-4 family real estate
Pass	$	30,775	$	109,881	$	112,805	$	86,923	$	105,360	$	135,563	$	5,008	$	586,315
Special Mention		1,535		555		146		—		541		8		—		2,785
Substandard		—		20		448		653		531		1,349		26		3,027
Doubtful		—		—		—		—		—		—		—		—
Total 1-4 family real estate	$	32,310	$	110,456	$	113,399	$	87,576	$	106,432	$	136,920	$	5,034	$	592,127
Consumer
Pass	$	3,998	$	9,455	$	11,828	$	5,329	$	1,047	$	3,569	$	110,659	$	145,885
Special Mention		—		—		—		—		—		—		64		64
Substandard		—		—		225		37		—		34		148		444
Doubtful		—		—		—		—		—		—		—		—
Total Consumer	$	3,998	$	9,455	$	12,053	$	5,366	$	1,047	$	3,603	$	110,871	$	146,393
Total	$	312,902	$	1,267,607	$	1,450,604	$	1,151,988	$	697,865	$	1,083,990	$	573,228	$	6,538,184

	As of March 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	$	3,746		$	97,031		$	89,290		$	48,764		$	15,314		$	2,943	$	—	$	257,088
Nonperforming		—			1,735			4,563			4,963			1,773			88		—		13,122
Total C&I - other	$	3,746		$	98,766		$	93,853		$	53,727		$	17,087		$	3,031	$	—	$	270,210
Direct financing leases
Performing	$	106	$		715	$		6,361	$		5,663	$		1,159	$		564	$	—	$	14,568
Nonperforming		—			—			59			64			35			47		—		205
Total Direct financing leases	$	106		$	715		$	6,420		$	5,727		$	1,194		$	611	$	—	$	14,773
Total	$	3,852		$	99,481		$	100,273		$	59,454		$	18,281		$	3,642	$	—	$	284,983

* 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, 2025 and 2024:

	Three Months Ended March 31, 2025														Three Months Ended March 31, 2024
	Gross Charge-off by Origination Year														Gross Charge-off by Origination Year
Classes of Loans/Leases	2025		2024		2023		2022		2021		Prior		Total		2024		2023		2022		2021		2020		Prior		Total
	(dollars in thousands)														(dollars in thousands)
C&I:
C&I - revolving	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
C&I - other		—		1,357		1,240		1,664		316		110		4,687		7		678		2,033		522		33		176		3,449
CRE - owner occupied		—		—		—		—		—		—		—		—		—		—		—		—		—		—
CRE - non-owner occupied		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Construction and land development		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Multi-family		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Direct financing leases		—		136		39		10		—		6		191		—		—		10		24		42		13		89
1-4 family real estate		—		3		—		23		—		—		26		—		—		—		—		—		3		3
Consumer		—		—		40		—		—		—		40		—		—		19		—		—		—		19
	$	—	$	1,496	$	1,319	$	1,697	$	316	$	116	$	4,944	$	7	$	678	$	2,062	$	546	$	75	$	192	$	3,560

The following tables show the credit quality indicator of loans by class of receivable and year of origination as of December 31, 2024:

	As of December 31, 2024
	Term Loans
	Amortized Cost Basis by Origination Year
													Revolving
													Loans
Internally Assigned													Amortized
Risk Rating	2024		2023		2022		2021		2020		Prior		Cost Basis		Total
	(dollars in thousands)
C&I - revolving
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	368,318	$	368,318
Special Mention		—		—		—		—		—		—		16,369		16,369
Substandard		—		—		—		—		—		—		3,304		3,304
Doubtful		—		—		—		—		—		—		—		—
Total C&I - revolving	$	—	$	—	$	—	$	—	$	—	$	—	$	387,991	$	387,991
C&I - other
Pass	$	324,649	$	348,843	$	204,275	$	82,601	$	49,130	$	155,191	$	—	$	1,164,689
Special Mention		6,517		5,534		2,855		4,799		2,548		725		—		22,978
Substandard		17,003		538		507		1,272		—		4,780		—		24,100
Doubtful		—		—		—		—		—		—		—		—
Total C&I - other	$	348,169	$	354,915	$	207,637	$	88,672	$	51,678	$	160,696	$	—	$	1,211,767
CRE - owner occupied
Pass	$	65,054	$	104,442	$	117,215	$	102,506	$	95,349	$	69,382	$	13,327	$	567,275
Special Mention		5,589		234		739		6,964		822		1,829		—		16,177
Substandard		3,669		—		980		309		16,582		1,001		—		22,541
Doubtful		—		—		—		—		—		—		—		—
Total CRE - owner occupied	$	74,312	$	104,676	$	118,934	$	109,779	$	112,753	$	72,212	$	13,327	$	605,993
CRE - non-owner occupied
Pass	$	194,510	$	204,599	$	272,296	$	164,948	$	96,216	$	95,117	$	20,548	$	1,048,234
Special Mention		4,406		—		55		—		—		6,844		150		11,455
Substandard		80		3,652		550		—		1,916		11,965		—		18,163
Doubtful		—		—		—		—		—		—		—		—
Total CRE - non-owner occupied	$	198,996	$	208,251	$	272,901	$	164,948	$	98,132	$	113,926	$	20,698	$	1,077,852
Construction and land development
Pass	$	435,373	$	524,375	$	235,987	$	66,409	$	3,313	$	—	$	31,176	$	1,296,633
Special Mention		3,863		—		—		75		—		—		—		3,938
Substandard		4,394		124		1,082		7,372		—		—		—		12,972
Doubtful		—		—		—		—		—		—		—		—
Total Construction and land development	$	443,630	$	524,499	$	237,069	$	73,856	$	3,313	$	—	$	31,176	$	1,313,543
Multi-family
Pass	$	137,806	$	138,011	$	279,256	$	185,872	$	217,697	$	165,867	$	7,578	$	1,132,087
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		23		—		—		—		23
Doubtful		—		—		—		—		—		—		—		—
Total Multi-family	$	137,806	$	138,011	$	279,256	$	185,895	$	217,697	$	165,867	$	7,578	$	1,132,110
1-4 family real estate
Pass	$	121,918	$	115,491	$	89,073	$	108,998	$	77,540	$	64,015	$	5,106	$	582,141
Special Mention		380		146		—		547		—		1,582		—		2,655
Substandard		91		327		981		634		378		944		28		3,383
Doubtful		—		—		—		—		—		—		—		—
Total 1-4 family real estate	$	122,389	$	115,964	$	90,054	$	110,179	$	77,918	$	66,541	$	5,134	$	588,179
Consumer
Pass	$	11,513	$	13,375	$	6,082	$	1,254	$	2,435	$	1,519	$	110,042	$	146,220
Special Mention		—		—		—		—		—		—		64		64
Substandard		34		208		39		—		—		97		66		444
Doubtful		—		—		—		—		—		—		—		—
Total Consumer	$	11,547	$	13,583	$	6,121	$	1,254	$	2,435	$	1,616	$	110,172	$	146,728
Total	$	1,336,849	$	1,459,899	$	1,211,972	$	734,583	$	563,926	$	580,858	$	576,076	$	6,464,163

	As of December 31, 2024
	Term Loans
	Amortized Cost Basis by Origination Year																	Revolving
																		Loans
																		Amortized
Delinquency Status *	2024			2023			2022			2021			2020			Prior		Cost Basis		Total
	(dollars in thousands)
C&I - other
Performing	$	109,373	$		99,204	$		57,819	$		18,853	$		4,107	$		278	$	—	$	289,634
Nonperforming		1,028			4,689			5,537			2,076			201			—		—		13,531
Total C&I - other	$	110,401		$	103,893		$	63,356		$	20,929		$	4,308		$	278	$	—	$	303,165
Direct financing leases
Performing	$	1,742	$		6,099	$		6,583	$		1,413	$		569	$		411	$	—	$	16,817
Nonperforming		—			103			70			39			46			1		—		259
Total Direct financing leases	$	1,742		$	6,202		$	6,653		$	1,452		$	615		$	412	$	—	$	17,076
Total	$	112,143		$	110,095		$	70,009		$	22,381		$	4,923		$	690	$	—	$	320,241

* 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.

There were no loan and lease modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2025. Any loan and lease modifications to borrowers experiencing financial difficulty during 2024 were deemed immaterial.

Changes in the ACL for OBS exposures for the three months ended March 31, 2025 and 2024 are presented as follows:

	Three Months Ended
	March 31, 2025		March 31, 2024
	(dollars in thousands)
Balance, beginning	$	8,273	$	9,529
Provisions (credited) to expense		(509)		(322)
Balance, ending	$	7,764	$	9,207