v3.26.1
Loans and Allowance for Credit Losses on Loans HFI (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans Outstanding by Class of Financing Receivable
Loans outstanding as of June 30, 2026 and December 31, 2025, by class of financing receivable are as follows:
June 30,December 31,
2026 2025 
Commercial and industrial$2,259,794 $2,181,935 
Construction1,157,961 1,188,494 
Residential real estate:
1-to-4 family mortgage1,917,533 1,838,122 
Residential line of credit802,753 741,309 
Multi-family mortgage767,500 745,360 
Commercial real estate:
Owner-occupied2,252,681 2,148,870 
Non-owner occupied3,016,923 2,900,499 
Consumer and other690,365 639,037 
Gross loans12,865,510 12,383,626 
Less: Allowance for credit losses on loans HFI(194,010)(185,983)
Net loans$12,671,500 $12,197,643 
Schedule of Credit Quality of Loan Portfolio by Year of Origination
The following tables present the credit quality of the Company’s commercial type loan portfolio as of June 30, 2026 and December 31, 2025 and the gross charge-offs for the six months ended June 30, 2026 and the year ended December 31, 2025 by year of origination. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination.
As of and for the six months
    ended June 30, 2026
2026 2025 2024 2023 2022 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$191,729 $242,593 $160,995 $183,559 $96,689 $126,456 $1,175,935 $2,177,956 
Special Mention525 552 2,258 4,663 1,893 3,094 24,051 37,036 
Classified1,631 263 2,560 3,075 1,063 6,175 30,035 44,802 
Total193,885 243,408 165,813 191,297 99,645 135,725 1,230,021 2,259,794 
            Current-period gross
               charge-offs		— 74 54 233 603 862 979 2,805 
Construction
Pass182,570 346,699 145,596 20,364 101,803 92,978 202,802 1,092,812 
Special Mention379 487 — — 3,105 13,605 — 17,576 
Classified— — 86 366 16,113 31,008 — 47,573 
Total182,949 347,186 145,682 20,730 121,021 137,591 202,802 1,157,961 
            Current-period gross
               charge-offs		— — 62 — 253 — — 315 
Residential real estate:
Multi-family mortgage
Pass53,909 38,902 29,689 36,968 239,605 315,620 24,089 738,782 
Special Mention— — — — 8,892 2,799 — 11,691 
Classified— — — — 9,608 7,419 — 17,027 
Total53,909 38,902 29,689 36,968 258,105 325,838 24,089 767,500 
             Current-period gross
                charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass171,310 360,395 306,367 182,669 322,176 715,428 122,629 2,180,974 
Special Mention— 781 1,359 10,082 5,829 16,113 8,158 42,322 
Classified— 1,231 1,613 4,801 7,156 14,435 149 29,385 
Total171,310 362,407 309,339 197,552 335,161 745,976 130,936 2,252,681 
            Current-period gross
              charge-offs		— — — — — — — — 
Non-owner occupied
Pass281,312 303,965 215,032 129,839 658,924 1,226,642 115,421 2,931,135 
Special Mention— — — — 16,710 39,335 — 56,045 
Classified— — 1,431 10,475 2,316 15,521 — 29,743 
Total281,312 303,965 216,463 140,314 677,950 1,281,498 115,421 3,016,923 
             Current-period gross
                charge-offs		— — — — — — — — 
Total commercial loan types
Pass880,830 1,292,554 857,679 553,399 1,419,197 2,477,124 1,640,876 9,121,659 
Special Mention904 1,820 3,617 14,745 36,429 74,946 32,209 164,670 
Classified1,631 1,494 5,690 18,717 36,256 74,558 30,184 168,530 
Total$883,365 $1,295,868 $866,986 $586,861 $1,491,882 $2,626,628 $1,703,269 $9,454,859 
            Current-period gross
                charge-offs		$— $74 $116 $233 $856 $862 $979 $3,120 
As of and for the year ended
  December 31, 2025		2025 2024 2023 2022 2021 PriorRevolving Loans Amortized Cost BasisTotal
Commercial and industrial
Pass$272,440 $198,802 $195,571 $99,265 $43,851 $108,067 $1,162,291 $2,080,287 
Special Mention64 1,934 5,223 5,911 1,052 7,634 20,994 42,812 
Classified255 2,138 419 14,972 300 6,981 33,771 58,836 
Total272,759 202,874 201,213 120,148 45,203 122,682 1,217,056 2,181,935 
              Current-period gross
                 charge-offs		— — 54 — — 2,478 604 3,136 
Construction
Pass343,056 201,130 36,715 171,803 71,877 74,429 221,953 1,120,963 
Special Mention— 396 3,167 9,456 10,108 — — 23,127 
Classified— 152 3,351 21,303 230 5,451 13,917 44,404 
Total343,056 201,678 43,233 202,562 82,215 79,880 235,870 1,188,494 
              Current-period gross
                  charge-offs		— — — — — 399 — 399 
Residential real estate:
Multi-family mortgage
Pass65,268 34,872 38,022 234,272 196,870 144,904 22,953 737,161 
Special Mention— — — — — — — — 
Classified— — — 569 7,613 17 — 8,199 
Total65,268 34,872 38,022 234,841 204,483 144,921 22,953 745,360 
             Current-period gross
                 charge-offs		— — — — — — — — 
Commercial real estate:
Owner occupied
Pass356,246 309,181 199,470 335,067 266,328 517,046 124,340 2,107,678 
Special Mention— 403 4,407 1,351 6,183 14,256 239 26,839 
Classified— 1,622 1,024 7,389 100 3,182 1,036 14,353 
Total356,246 311,206 204,901 343,807 272,611 534,484 125,615 2,148,870 
              Current-period gross
                  charge-offs		— — — — — 17 — 17 
Non-owner occupied
Pass297,096 237,840 144,572 714,151 558,116 788,545122,713 2,863,033 
Special Mention— 10,341 — 6,135 4,568 6,018— 27,062 
Classified— 1,167 1,008 2,249 4,602 1,378— 10,404 
Total297,096 249,348 145,580 722,535 567,286 795,941 122,713 2,900,499 
               Current-period gross
                   charge-offs		— — — — — — — — 
Total commercial loan types
Pass1,334,106 981,825 614,350 1,554,558 1,137,042 1,632,991 1,654,250 8,909,122 
Special Mention64 13,074 12,797 22,853 21,911 27,908 21,233 119,840 
Classified255 5,079 5,802 46,482 12,845 17,009 48,724 136,196 
Total$1,334,425 $999,978 $632,949 $1,623,893 $1,171,798 $1,677,908 $1,724,207 $9,165,158 
              Current-period gross
                  charge-offs		$— $— $54 $— $— $2,894 $604 $3,552 
The following tables present the credit quality by classification of the Company’s consumer type loan portfolio as of June 30, 2026 and December 31, 2025 and the gross charge-offs for the six months ended June 30, 2026 and the year ended December 31, 2025 by year of origination. Revolving loans are presented separately. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal constitutes a current period origination.
As of and for the six months
    ended June 30, 2026
2026 2025 2024 2023 2022 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$277,978 $299,133 $193,051 $116,427 $378,253 $624,191 $— $1,889,033 
Nonperforming— 1,112 1,247 1,658 7,420 17,063 — 28,500 
Total277,978 300,245 194,298 118,085 385,673 641,254 — 1,917,533 
          Current-period gross
             charge-offs		— — 43 58 566 159 — 826 
Residential line of credit
Performing— — — — — — 800,952 800,952 
Nonperforming— — — — — — 1,801 1,801 
Total— — — — — — 802,753 802,753 
          Current-period gross
             charge-offs		— — — — — — 23 23 
Consumer and other
Performing69,564 165,901 140,776 74,927 62,962 148,746 5,593 668,469 
Nonperforming54 3,558 4,568 3,565 1,646 8,504 1 21,896 
       Total69,618 169,459 145,344 78,492 64,608 157,250 5,594 690,365 
           Current-period gross
              charge-offs		815 586 280 215 171 479 — 2,546 
Total consumer type loans
Performing347,542 465,034 333,827 191,354 441,215 772,937 806,545 3,358,454 
Nonperforming54 4,670 5,815 5,223 9,066 25,567 1,802 52,197 
        Total$347,596 $469,704 $339,642 $196,577 $450,281 $798,504 $808,347 $3,410,651 
            Current-period gross
             charge-offs		$815 $586 $323 $273 $737 $638 $23 $3,395 
As of and for the year ended
  December 31, 2025		2025 2024 2023 2022 2021 PriorRevolving Loans Amortized Cost BasisTotal
Residential real estate:
1-to-4 family mortgage
Performing$333,641 $219,642 $154,059 $408,746 $339,076 $350,453 $— $1,805,617 
Nonperforming520 1,063 1,274 10,396 6,853 12,399 — 32,505 
Total334,161 220,705 155,333 419,142 345,929 362,852 — 1,838,122 
           Prior-period gross
               charge-offs		— — 3 — — 1,123 — 1,126 
Residential line of credit
Performing— — — — — — 739,295 739,295 
Nonperforming— — — — — — 2,014 2,014 
Total— — — — — — 741,309 741,309 
           Prior-period gross
               charge-offs		— — — — — — — — 
Consumer and other
Performing149,560 153,638 80,874 68,023 30,289 128,726 5,874 616,984 
Nonperforming1,689 4,716 4,006 2,033 3,103 6,505 1 22,053 
       Total151,249 158,354 84,880 70,056 33,392 135,231 5,875 639,037 
            Prior-period gross
               charge-offs		2,101 110 76 104 86 1,715 4 4,196 
Total consumer type loans
Performing483,201 373,280 234,933 476,769 369,365 479,179 745,169 3,161,896 
Nonperforming2,209 5,779 5,280 12,429 9,956 18,904 2,015 56,572 
       Total$485,410 $379,059 $240,213 $489,198 $379,321 $498,083 $747,184 $3,218,468 
             Prior-period gross
                 charge-offs		$2,101 $110 $79 $104 $86 $2,838 $4 $5,322 
Schedule of Analysis of Aging by Class of Financing Receivable
The following tables represent an analysis of the aging by class of financing receivable as of June 30, 2026 and December 31, 2025:
June 30, 202630-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$3,869 $14,180 $7,217 $2,234,528 $2,259,794 
Construction2,400 48 30,709 1,124,804 1,157,961 
Residential real estate:
1-to-4 family mortgage23,307 17,639 10,861 1,865,726 1,917,533 
Residential line of credit3,843 572 1,229 797,109 802,753 
Multi-family mortgage— — 7,419 760,081 767,500 
Commercial real estate:
Owner occupied8,597 391 14,202 2,229,491 2,252,681 
Non-owner occupied1,917 1,052 22,768 2,991,186 3,016,923 
Consumer and other15,188 7,718 14,178 653,281 690,365 
Total$59,121 $41,600 $108,583 $12,656,206 $12,865,510 
 
December 31, 202530-89 days
past due and accruing
interest		90 days or 
more and accruing
interest 		Nonaccrual
loans		Loans current on payments and accruing interest Total
Commercial and industrial$3,068 $84 $6,289 $2,172,494 $2,181,935 
Construction2,435 — 34,208 1,151,851 1,188,494 
Residential real estate:
1-to-4 family mortgage28,957 23,742 8,763 1,776,660 1,838,122 
Residential line of credit2,921 799 1,215 736,374 741,309 
Multi-family mortgage2,788 — 8,199 734,373 745,360 
Commercial real estate:
Owner occupied4,961 — 10,606 2,133,303 2,148,870 
Non-owner occupied1,932 — 4,514 2,894,053 2,900,499 
Consumer and other19,744 8,126 13,927 597,240 639,037 
Total$66,806 $32,751 $87,721 $12,196,348 $12,383,626 
Schedule of Amortized Cost, Related Allowance and Interest Income of Non-accrual Loans
The following tables provide the amortized cost basis of loans on nonaccrual status, as well as any related allowance as of June 30, 2026 and December 31, 2025 by class of financing receivable.
June 30, 2026Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance
Commercial and industrial$— $7,217 
Construction1,654 29,055 
Residential real estate:
1-to-4 family mortgage— 10,861 
Residential line of credit— 1,229 
Multi-family mortgage7,408 11 
Commercial real estate:
Owner occupied4,920 9,282 
Non-owner occupied10,725 12,043 
Consumer and other— 14,178 
Total$24,707 $83,876 
December 31, 2025
Nonaccrual
with no
related
allowance		Nonaccrual
with
related
allowance
Commercial and industrial$862 $5,427 
Construction14,617 19,591 
Residential real estate:
1-to-4 family mortgage— 8,763 
Residential line of credit— 1,215 
Multi-family mortgage7,613 586 
Commercial real estate:
Owner occupied1,095 9,511 
Non-owner occupied2,032 2,482 
Consumer and other— 13,927 
Total$26,219 $61,502 
The following presents interest income recognized on nonaccrual loans for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Commercial and industrial$1 $27 $27 $30 
Construction— 496 — 502 
Residential real estate:
1-to-4 family mortgage— 6 4 6 
Residential line of credit16 24 38 31 
Multi-family mortgage— 166 — 166 
Commercial real estate:
Owner occupied— — 52 8 
Non-owner occupied22 112 35 112 
Consumer and other— 55 7 59 
Total$39 $886 $163 $914 
Schedule of Amortized Cost of FDM Loans and Financial Effects of Loan Modifications
The following table presents the amortized cost of FDM loans as of June 30, 2026 and 2025 by type of concession granted that were modified during the three and six months ended June 30, 2026 and 2025.
Term ExtensionPayment deferralInterest Rate Reduction
Combination(1)
Total% of total class of financing receivables
Three Months Ended June 30, 2026
Commercial and industrial$56 $333 $— $45 $434 — %
Residential real estate:
1-to-4 family mortgage1,075 — — — 1,075 0.1 %
Multi-family mortgage7,408 — — — 7,408 1.0 %
Total$8,539 $333 $— $45 $8,917 0.1 %
Six Months Ended June 30, 2026
Commercial and industrial$7,339 $1,792 $— $45 $9,176 0.4 %
Construction13,722 — — — 13,722 1.2 %
Residential real estate:
1-to-4 family mortgage2,030 — — 160 2,190 0.1 %
Multi-family mortgage7,408 — — — 7,408 1.0 %
Consumer and other35 — — — 35 — %
Total$30,534 $1,792 $— $205 $32,531 0.3 %
Three Months Ended June 30, 2025
Commercial and industrial$— $— $— $100 $100 — %
Construction— — — 3,305 3,305 0.3 %
Residential real estate:
1-to-4 family mortgage463 1,833 — — 2,296 0.1 %
Total$463 $1,833 $— $3,405 $5,701 0.1 %
Six Months Ended June 30, 2025
Commercial and industrial$149 $— $— $100 $249 — %
Construction540 — 144 3,305 3,989 0.4 %
Residential real estate:
 1-to-4 family mortgage463 1,833 — — 2,296 0.1 %
Consumer and other— — — 63 63 — %
Total$1,152 $1,833 $144 $3,468 $6,597 0.1 %
(1) Includes FDM loans modified with a combination of term extension, payment deferral and interest rate reduction modifications.

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty:
Three Months Ended June 30, 2026Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial216—%
Residential real estate:
1-to-4 family mortgage14——%
Multi-family mortgage12——%
Six Months Ended June 30, 2026Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial630—%
Construction12——%
Residential real estate:
1-to-4 family mortgage28—1.76%
Multi-family mortgage12——%
Consumer and other20——%
Three Months Ended June 30, 2025Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial44—%
Construction44—%
Residential real estate:
1-to-4 family mortgage3004—%
Six Months Ended June 30, 2025Weighted average term extension
(in months)		Weighted average payment deferral
(in months)		Weighted average interest rate reduction
Commercial and industrial234—%
Construction442.50%
Residential real estate:
1-to-4 family mortgage3004—%
Consumer and other13—2.00%
Schedule of Loans Defaulted, Previously Modified In Prior 12 Months
The following tables depict loans that defaulted during the three and six months ended June 30, 2026 and six months ended June 30, 2025 that were previously modified in the prior 12 months. No financing receivables modified in the preceding twelve months had a payment default during the three months ended June 30, 2025.
Term ExtensionPayment deferralInterest Rate Reduction
Combination(1)
Three Months Ended June 30, 2026
Commercial and industrial$2 $2,521 $— $— 
Residential real estate:
1-to-4 family mortgage1,414 1,138 — — 
Commercial real estate:
Owner occupied39 — — — 
Non-owner occupied— 4,586 — — 
Consumer and other— — — 59 
Six Months Ended June 30, 2026
Commercial and industrial2 2,521 — — 
Residential real estate:
1-to-4 family mortgage1,547 1,138 — — 
Commercial real estate:
Owner occupied39 — — — 
Non-owner occupied— 4,586 — — 
Consumer and other— — — 96 
Six Months Ended June 30, 2025
Construction143 — — — 
Consumer and other— — — 63 
(1) Includes FDM loans modified with a combination of term extension, payment deferral and interest rate reduction modifications.
Schedule of Payment Status Recorded Investment The tables below depict the performance of loans HFI as of June 30, 2026 and 2025 made to borrowers experiencing financial difficulty that were modified in the prior 12 months.
June 30, 202630-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$— $— $1,819 $10,286 $12,105 
Construction— — 13,721 — 13,721 
Residential real estate:
1-to-4 family mortgage1,169 359 — 3,941 5,469 
Multi-family mortgage— — 7,408 — 7,408 
Commercial real estate:
Owner-occupied— — 224 — 224 
Non-owner occupied— — 1,024 3,562 4,586 
Consumer and other— — — 137 137 
Total$1,169 $359 $24,196 $17,926 $43,650 
(1) Loans were on nonaccrual when modified and subsequently classified as FDM.
June 30, 202530-89 days
past due and accruing
interest		90 days or 
more and accruing
interest
Nonaccrual
loans(1)
Loans current
on payments
and accruing
interest 		Total
Commercial and industrial$— $— $— $249 $249 
Construction— — 5,312 683 5,995 
Residential real estate:
1-to-4 family mortgage367 — — 2,609 2,976 
Residential line of credit— — — 29 29 
Multi-family mortgage— — — — — 
Consumer and other— — — 62 62 
Total$367 $— $5,312 $3,632 $9,311 
(1) Loans were on nonaccrual when modified and subsequently classified as FDM.
Schedule of Collateral-Dependent Loans
For collateral-dependent loans, or those loans for which repayment is expected to be provided substantially through the operation or sale of collateral, where the borrower is also experiencing financial difficulty, the following tables present the loans by class of financing receivable.
June 30, 2026
Type of Collateral
Real EstateLandBusiness AssetsTotal
Commercial and industrial$— $— $28,734 $28,734 
Construction41,199 1,653 — 42,852 
Residential real estate:
1-to-4 family mortgage3,622 — — 3,622 
Multi-family mortgage17,016 — — 17,016 
Commercial real estate:
Owner occupied17,534 7,018 — 24,552 
Non-owner occupied29,475 — — 29,475 
Total$108,846 $8,671 $28,734 $146,251 
December 31, 2025
Type of Collateral
Real EstateLandBusiness AssetsTotal
Commercial and industrial$— $— $27,222 $27,222 
Construction35,297 5,497 — 40,794 
Residential real estate:
1-to-4 family mortgage3,488 — — 3,488 
Multi-family mortgage7,613 — — 7,613 
Commercial real estate:
Owner occupied1,883 8,027 — 9,910 
Non-owner occupied10,171 — — 10,171 
Total$58,452 $13,524 $27,222 $99,198 
Schedule of Changes in Allowance for Credit Losses on Loans HFI by Class of Financing Receivable
The following tables provide the changes in the allowance for credit losses on loans HFI by class of financing receivable for the three and six months ended June 30, 2026 and 2025:
Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended June 30, 2026
Beginning balance -
March 31, 2026
$25,468 $27,523 $33,181 $10,537 $10,361 $22,135 $34,989 $22,130 $186,324 
Loans charged off(637)(111)(421)— — — — (1,313)(2,482)
Recoveries of loans
previously charged-off
148 2 58 1 — 16 — 288 513 
Provision for (reversal of)
   credit losses on loans
   HFI		1,296 43 1,028 (352)1,205 (2,190)7,014 1,611 9,655 
Ending balance -
June 30, 2026
$26,275 $27,457 $33,846 $10,186 $11,566 $19,961 $42,003 $22,716 $194,010 
Six Months Ended June 30, 2026
Beginning balance -
December 31, 2025
$24,130 $25,633 $33,218 $10,589 $12,260 $21,609 $36,235 $22,309 $185,983 
Loans charged-off(2,805)(315)(826)(23)— — — (2,546)(6,515)
Recoveries of loans
previously charged-off
249 27 66 1 — 29 — 693 1,065 
Provision for (reversal of)
    credit losses on loans
    HFI		4,701 2,112 1,388 (381)(694)(1,677)5,768 2,260 13,477 
Ending balance -
June 30, 2026
$26,275 $27,457 $33,846 $10,186 $11,566 $19,961 $42,003 $22,716 $194,010 
Commercial
and industrial 		Construction1-to-4
family
residential
mortgage 		Residential
line of credit 		Multi-family
residential
mortgage 		Commercial
real estate
owner
occupied 		Commercial
real estate
non-owner
occupied 		Consumer
and other 		Total
Three Months Ended June 30, 2025
Beginning balance -
March 31, 2025
$15,521 $25,652 $26,200 $11,196 $11,416 $12,074 $28,319 $20,153 $150,531 
Loans charged off(70)— (433)— — — — (951)(1,454)
Recoveries of loans
previously charged-off
173 — 11 1 — 9 528 251 973 
Impact of change in
    accounting estimate for
    current expected credit
    losses		3,504 (4,705)2,717 (3,428)258 (1,074)(1,747)(2,373)(6,848)
Provision for (reversal of)
    credit losses on loans
    HFI		1,143 901 1,767 902 (780)930 (797)1,680 5,746 
Ending balance -
June 30, 2025
$20,271 $21,848 $30,262 $8,671 $10,894 $11,939 $26,303 $18,760 $148,948 
Six Months Ended June 30, 2025
Beginning balance -
December 31, 2024
$16,667 $31,698 $25,340 $10,952 $10,512 $11,993 $25,531 $19,249 $151,942 
Loans charged-off(2,971)— (436)— — (17)— (1,923)(5,347)
Recoveries of loans
previously charged-off
215 — 20 1 — 30 529 754 1,549 
Impact of change in
    accounting estimate for
    current expected credit
    losses		3,504 (4,705)2,717 (3,428)258 (1,074)(1,747)(2,373)(6,848)
Provision for (reversal of)
    credit losses on loans
    HFI		2,856 (5,145)2,621 1,146 124 1,007 1,990 3,053 7,652 
Ending balance -
   June 30, 2025		$20,271 $21,848 $30,262 $8,671 $10,894 $11,939 $26,303 $18,760 $148,948