Quarterly report [Sections 13 or 15(d)]

LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)

v3.25.3
LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
9 Months Ended
Sep. 30, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Stated at Face Amount, Net of Unearned Income

The following tables exclude LHFS and include loan balances associated with the Sandy Spring acquisition as of September 30, 2025.

The Company’s LHFI are stated at their face amount, net of deferred fees and costs, and consisted of the following as of the periods ended (dollars in thousands):

September 30, 2025

December 31, 2024

Construction and Land Development

$

2,163,182

$

1,731,108

CRE – Owner Occupied

 

4,335,919

 

2,370,119

CRE – Non-Owner Occupied

 

6,805,302

 

4,935,590

Multifamily Real Estate

 

2,196,467

 

1,240,209

Commercial & Industrial

 

4,956,770

 

3,864,695

Residential 1-4 Family – Commercial

 

1,105,067

 

719,425

Residential 1-4 Family – Consumer

 

2,799,669

 

1,293,817

Residential 1-4 Family – Revolving

 

1,186,298

 

756,944

Auto

 

211,900

 

316,368

Consumer

 

121,620

 

104,882

Other Commercial

 

1,478,979

 

1,137,464

Total LHFI, net of deferred fees and costs(1)

27,361,173

18,470,621

Allowance for loan and lease losses

(293,035)

(178,644)

Total LHFI, net

$

27,068,138

$

18,291,977

(1) Total loans included unamortized premiums and discounts and unamortized deferred fees and costs totaling $847.3 million and $220.6 million as of September 30, 2025 and December 31, 2024, respectively.

Summary of Aging of the Loan Portfolio by Class

The following table shows the aging of the Company’s LHFI portfolio by class at September 30, 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

$

2,092,719

$

1,387

    

$

5,784

    

$

1,856

    

$

61,436

    

$

2,163,182

CRE – Owner Occupied

 

4,319,099

 

5,346

    

 

2,217

    

 

2,790

    

 

6,467

    

 

4,335,919

CRE – Non-Owner Occupied

 

6,785,599

 

4,295

    

 

    

 

2,283

    

 

13,125

    

 

6,805,302

Multifamily Real Estate

 

2,187,130

 

3,113

    

 

2,553

    

 

2,088

    

 

1,583

    

 

2,196,467

Commercial & Industrial

 

4,933,273

 

4,902

    

 

8,397

    

 

1,005

    

 

9,193

    

 

4,956,770

Residential 1-4 Family – Commercial

 

1,092,236

 

2,843

    

 

803

    

 

2,570

    

 

6,615

    

 

1,105,067

Residential 1-4 Family – Consumer

 

2,767,900

 

1,871

    

 

3,320

    

 

2,955

    

 

23,623

    

 

2,799,669

Residential 1-4 Family – Revolving

 

1,173,802

 

3,074

 

2,162

    

 

1,816

    

 

5,444

    

 

1,186,298

Auto

 

207,385

 

2,744

 

867

 

348

    

 

556

    

 

211,900

Consumer

 

120,764

 

329

 

179

 

311

 

37

 

121,620

Other Commercial

1,475,818

3,161

1,478,979

Total LHFI, net of deferred fees and costs

$

27,155,725

$

29,904

$

26,282

$

18,022

$

131,240

$

27,361,173

% of total loans

99.24

%

0.11

%

0.10

%

0.07

%

0.48

%

100.00

%

The following table shows the aging of the Company’s LHFI portfolio by class at 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 deferred fees and costs

$

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

%

Summary of Loans on Nonaccrual Status

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

September 30, 

December 31, 

2025

2024

Construction and Land Development

$

59,486

$

Commercial Real Estate - Owner Occupied

1,430

Commercial Real Estate - Non-Owner Occupied

11,532

Multifamily Real Estate

1,472

Commercial & Industrial

3,199

2,510

Residential 1-4 Family - Commercial

4,669

Other Commercial

1,317

Total LHFI, net of deferred fees and costs

$

83,105

$

2,510

Summary of Amortized Cost Basis of Loan Modifications to Borrowers Experiencing Financial Difficulty

The following tables present the amortized cost basis of loan modifications to borrowers experiencing financial difficulty for the three and nine months ended September 30, (dollars in thousands):

Three Months Ended

Nine Months Ended

2025

2025

    

Amortized Cost

% of Total Class of Financing Receivable

 

Amortized Cost

% of Total Class of Financing Receivable

 

Other-Than-Insignificant Payment Delay

Commercial and Industrial

$

%

$

1,505

0.03

%

CRE – Non-Owner Occupied

%

3,790

0.06

%

Total Other-Than-Insignificant Payment Delay

$

$

5,295

Term Extension

 

 

Commercial and Industrial

$

25

NM

%

$

25

NM

%

CRE – Owner Occupied

753

0.02

%

2,269

0.05

%

Residential 1-4 Family – Commercial

%

4,633

0.42

%

Residential 1-4 Family – Consumer

433

0.02

%

 

986

0.04

%

Total Term Extension

$

1,211

$

7,913

Combination - Other-Than-Insignificant Payment Delay and Term Extension

Commercial and Industrial

$

%

$

464

0.01

%

Total Combination - Other-Than-Insignificant Payment Delay and Term Extension

$

$

464

Combination - Term Extension and Interest Rate Reduction

Residential 1-4 Family - Consumer

$

972

0.03

%

$

2,476

0.09

%

Total Combination - Term Extension and Interest Rate Reduction

$

972

$

2,476

Total

$

2,183

$

16,148

NM = Not Meaningful

Three Months Ended

Nine Months Ended

2024

2024

    

Amortized Cost

% of Total Class of Financing Receivable

Amortized Cost

% of Total Class of Financing Receivable

 

Combination - Other-Than-Insignificant Payment Delay and Term Extension

Commercial and Industrial

$

%

$

553

0.01

%

CRE – Non-Owner Occupied

%

22,175

0.45

%

Total Combination - Other-Than-Insignificant Payment Delay and Term Extension

$

$

22,728

Term Extension

 

 

Construction and Land Development

$

50

NM

%

$

50

NM

%

Commercial and Industrial

141

NM

%

141

NM

%

CRE – Owner Occupied

586

0.02

%

586

0.02

%

Residential 1-4 Family – Consumer

236

0.02

%

236

0.02

%

Total Term Extension

$

1,013

$

1,013

Combination - Term Extension and Interest Rate Reduction

Residential 1-4 Family – Consumer

$

283

0.02

%

$

630

0.05

%

Total Combination - Term Extension and Interest Rate Reduction

$

283

$

630

Combination - Interest Rate Reduction, Term Extension and Other-Than-Insignificant Payment Delay

Commercial and Industrial

$

%

$

106

NM

%

Total Combination - Interest Rate Reduction, Term Extension and Other-Than-Insignificant Payment Delay

$

$

106

Total

$

1,296

$

24,477

NM = Not Meaningful

Summary of financial effects of TLMs on a weighted average basis for TLMs within that loan type

The following table describes the financial effects of TLMs on a weighted average basis for TLMs within that loan type for the three and nine months ended September 30,:

Three Months Ended

2025

Term Extension

Loan Type

Financial Effect

Residential 1-4 Family - Consumer

Added a weighted-average 0.9 years to the life of loans.

Nine Months Ended

2025

Term Extension

Loan Type

Financial Effect

CRE – Owner Occupied

Added a weighted-average 0.7 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%.

Three Months Ended

2024

Term Extension

Loan Type

Financial Effect

CRE – Owner Occupied

Added a weighted-average 3.0 years to the life of loans.

Nine Months Ended

2024

Term Extension

Loan Type

Financial Effect

CRE – Owner Occupied

Added a weighted-average 3.0 years to the life of loans.

Combination - Other-Than-Insignificant Payment Delay and Term Extension

Loan Type

Financial Effect

Commercial and Industrial

Added a weighted-average 1.0 years to the life of loans.

CRE – Non-Owner Occupied

Added a weighted-average 1.6 years to the life of loans.

Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology

The following tables show the ALLL activity by loan segment for the three and nine months ended September 30, (dollars in thousands):

Three Months Ended

Nine Months Ended

2025

2025

Commercial

Consumer

Total

Commercial

Consumer

Total

Balance at beginning of period

$

257,403

$

58,171

$

315,574

$

148,887

$

29,757

$

178,644

Initial allowance on Sandy Spring PCD loans (1)

 

21,255

 

7,010

28,265

Loans charged-off (1)

 

(39,575)

 

(865)

 

(40,440)

 

(42,958)

 

(2,947)

 

(45,905)

Recoveries credited to allowance

 

1,223

 

624

 

1,847

 

2,999

 

1,369

 

4,368

Initial Provision - Sandy Spring non-PCD loans

 

64,740

 

24,798

89,538

Provision charged to operations

 

14,708

 

1,346

 

16,054

 

38,836

 

(711)

 

38,125

Balance at end of period

$

233,759

$

59,276

$

293,035

$

233,759

$

59,276

$

293,035

(1) In accordance with GAAP, amounts for the three months and nine months ended September 30, 2025 exclude $19.0 million, and $53.5 million, respectively, of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition. The amounts excluded for the three months ended September 30, 2025 related to a measurement period adjustment recorded in the third quarter 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.

Three Months Ended

Nine Months Ended

2024

2024

Commercial

Consumer

Total

Commercial

Consumer

Total

Balance at beginning of period

$

131,139

$

26,992

$

158,131

$

105,896

$

26,286

$

132,182

Initial allowance on American National PCD loans

2,609

1,287

3,896

Loans charged-off

 

(1,642)

 

(1,077)

 

(2,719)

 

(8,675)

 

(3,026)

 

(11,701)

Recoveries credited to allowance

 

1,292

 

761

 

2,053

 

2,881

 

1,497

 

4,378

Initial Provision - American National non-PCD loans

11,213

2,016

13,229

Provision charged to operations

 

1,931

 

1,289

 

3,220

 

18,796

 

(95)

 

18,701

Balance at end of period

$

132,720

$

27,965

$

160,685

$

132,720

$

27,965

$

160,685

Summary of loans acquired from Sandy Spring

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)

    

$

1,724,771

Initial ACL at acquisition (2)

 

(28,265)

Non-credit discount at acquisition

 

(162,140)

Purchase Price

$

1,534,366

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 a $19.0 million measurement period adjustment during the three months ended September 30, 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 $53.5 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition.

Commercial Portfolio Segment [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Receivables Related Risk Rating

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 September 30, (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

$

376,118

$

531,272

$

328,884

$

270,350

$

39,584

$

77,746

$

282,076

$

1,906,030

Watch

11,861

1,750

4,655

1,953

34,969

3,188

11,262

69,638

Special Mention

275

2,985

1,140

30,120

2,611

4,062

41,193

Substandard

1,122

1,321

662

32,361

29,692

8,472

72,691

146,321

Total Construction and Land Development

$

389,376

$

537,328

$

335,341

$

334,784

$

106,856

$

93,468

$

366,029

$

2,163,182

Current period gross write-off

$

$

$

$

$

(32)

$

(3)

$

$

(35)

CRE – Owner Occupied

Pass

$

260,610

$

316,012

$

310,695

$

521,694

$

534,798

$

1,945,013

$

90,438

$

3,979,260

Watch

8,042

14,905

20,716

12,635

6,011

65,227

2,025

129,561

Special Mention

4,327

8,601

13,117

10,483

6,568

62,445

1,119

106,660

Substandard

231

5,559

7,637

5,252

30,494

70,992

140

120,305

Doubtful

133

133

Total CRE – Owner Occupied

$

273,210

$

345,077

$

352,165

$

550,064

$

577,871

$

2,143,810

$

93,722

$

4,335,919

Current period gross write-off

$

$

$

$

$

$

(147)

$

$

(147)

CRE – Non-Owner Occupied

Pass

$

489,891

$

406,801

$

814,051

$

986,896

$

777,370

$

2,756,749

$

78,612

$

6,310,370

Watch

558

12,582

21,314

24,148

60,975

13,484

133,061

Special Mention

1,741

31,028

28,697

48,756

82,191

192,413

Substandard

6,268

44,374

1,135

117,635

46

169,458

Total CRE – Non-Owner Occupied

$

489,891

$

409,100

$

863,929

$

1,081,281

$

851,409

$

3,017,550

$

92,142

$

6,805,302

Current period gross write-off

$

$

$

$

$

$

$

$

Commercial & Industrial

Pass

$

877,993

$

806,060

$

474,593

$

540,182

$

272,984

$

379,300

$

1,079,267

$

4,430,379

Watch

16,001

43,207

23,111

61,779

9,649

21,708

134,007

309,462

Special Mention

2,003

12,151

8,536

9,051

4,459

6,804

45,071

88,075

Substandard

133

11,752

34,274

23,256

13,032

5,420

39,600

127,467

Doubtful

2

1,385

1,387

Total Commercial & Industrial

$

896,132

$

873,170

$

540,514

$

634,268

$

300,124

$

413,232

$

1,299,330

$

4,956,770

Current period gross write-off

$

$

(1,605)

$

(69)

$

(1,209)

$

$

(94)

$

(34,500)

$

(37,477)

Multifamily Real Estate

Pass

$

153,774

$

75,590

$

281,686

$

396,790

$

280,010

$

603,912

$

57,041

$

1,848,803

Watch

14,076

27,968

99,511

5,970

1,313

148,838

Special Mention

672

11,396

28,173

17,449

57,690

Substandard

728

39,072

25,741

75,595

141,136

Total Multifamily Real Estate

$

153,774

$

76,990

$

295,762

$

475,226

$

433,435

$

702,926

$

58,354

$

2,196,467

Current period gross write-off

$

$

$

$

$

$

$

$

Residential 1-4 Family – Commercial

Pass

$

74,347

$

58,644

$

80,659

$

186,893

$

175,518

$

434,519

$

3,909

$

1,014,489

Watch

575

2,233

1,227

4,402

1,134

15,404

3,105

28,080

Special Mention

1,240

353

23,696

1,543

17,826

44,658

Substandard

350

636

4,373

12,228

253

17,840

Total Residential 1-4 Family – Commercial

$

76,512

$

61,230

$

81,886

$

215,627

$

182,568

$

479,977

$

7,267

$

1,105,067

Current period gross write-off

$

$

$

$

$

$

(38)

$

$

(38)

Other Commercial

Pass

$

219,877

$

227,095

$

174,991

$

159,652

$

174,644

$

214,501

$

255,682

$

1,426,442

Watch

121

19,140

797

5,854

10

25,922

Special Mention

2,045

304

187

9,624

2,014

14,174

Substandard

2,337

3,641

2,114

1,359

2,990

12,441

Total Other Commercial

$

219,877

$

227,095

$

179,494

$

182,737

$

177,742

$

231,338

$

260,696

$

1,478,979

Current period gross write-off

$

$

$

$

(2,617)

$

$

(2,644)

$

$

(5,261)

Total Commercial

Pass

$

2,452,610

$

2,421,474

$

2,465,559

$

3,062,457

$

2,254,908

$

6,411,740

$

1,847,025

$

20,915,773

Watch

36,479

62,653

76,488

149,191

176,219

178,326

165,206

844,562

Special Mention

7,845

26,503

55,866

113,747

92,297

200,401

48,204

544,863

Substandard

1,836

19,360

51,178

148,592

106,581

291,701

115,720

734,968

Doubtful

2

133

1,385

1,520

Total Commercial

$

2,498,772

$

2,529,990

$

2,649,091

$

3,473,987

$

2,630,005

$

7,082,301

$

2,177,540

$

23,041,686

Total current period gross write-off

$

$

(1,605)

$

(69)

$

(3,826)

$

(32)

$

(2,926)

$

(34,500)

$

(42,958)

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 Portfolio Segment [Member]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Receivables Related Risk Rating

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 September 30, (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

$

238,888

$

198,343

$

218,225

$

702,006

$

610,074

$

784,818

$

15,546

$

2,767,900

30-59 Days Past Due

36

226

241

9

1,255

104

1,871

60-89 Days Past Due

479

45

165

226

2,405

3,320

90+ Days Past Due

281

183

356

2,135

2,955

Nonaccrual

125

1,286

5,709

3,131

13,372

23,623

Total Residential 1-4 Family – Consumer

$

239,169

$

198,983

$

219,965

$

708,477

$

613,440

$

803,985

$

15,650

$

2,799,669

Current period gross write-off

$

$

$

$

(105)

$

$

(53)

$

$

(158)

Residential 1-4 Family – Revolving

Current

$

18,565

$

13,785

$

25,679

$

40,535

$

9,963

$

9,110

$

1,056,165

$

1,173,802

30-59 Days Past Due

33

63

318

18

2,642

3,074

60-89 Days Past Due

60

128

35

1,939

2,162

90+ Days Past Due

274

183

56

64

1,239

1,816

Nonaccrual

300

147

35

820

4,142

5,444

Total Residential 1-4 Family – Revolving

$

18,625

$

13,818

$

26,316

$

41,311

$

10,054

$

10,047

$

1,066,127

$

1,186,298

Current period gross write-off

$

$

$

$

$

$

$

(198)

$

(198)

Auto

Current

$

1,542

$

1,937

$

40,693

$

100,695

$

43,548

$

18,970

$

$

207,385

30-59 Days Past Due

482

1,488

517

257

2,744

60-89 Days Past Due

167

312

229

159

867

90+ Days Past Due

66

98

113

69

2

348

Nonaccrual

86

285

108

77

556

Total Auto

$

1,608

$

1,937

$

41,526

$

102,893

$

44,471

$

19,465

$

$

211,900

Current period gross write-off

$

(80)

$

$

(193)

$

(809)

$

(182)

$

(134)

$

$

(1,398)

Consumer

Current

$

11,734

$

9,510

$

5,511

$

7,166

$

5,307

$

27,914

$

53,622

$

120,764

30-59 Days Past Due

4

21

29

13

12

133

117

329

60-89 Days Past Due

31

30

13

7

46

52

179

90+ Days Past Due

3

17

16

48

227

311

Nonaccrual

3

20

10

4

37

Total Consumer

$

11,741

$

9,582

$

5,606

$

7,250

$

5,330

$

28,320

$

53,791

$

121,620

Current period gross write-off

$

(7)

$

(176)

$

(205)

$

(29)

$

(31)

$

(636)

$

(109)

$

(1,193)

Total Consumer

Current

$

270,729

$

223,575

$

290,108

$

850,402

$

668,892

$

840,812

$

1,125,333

$

4,269,851

30-59 Days Past Due

4

90

800

2,060

538

1,663

2,863

8,018

60-89 Days Past Due

60

510

242

618

462

2,645

1,991

6,528

90+ Days Past Due

350

17

571

700

125

2,428

1,239

5,430

Nonaccrual

128

1,692

6,151

3,278

14,269

4,142

29,660

Total Consumer

$

271,143

$

224,320

$

293,413

$

859,931

$

673,295

$

861,817

$

1,135,568

$

4,319,487

Total current period gross write-off

$

(87)

$

(176)

$

(398)

$

(943)

$

(213)

$

(823)

$

(307)

$

(2,947)

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)