0001558370-24-014105 | 10-Q | XBRL Viewer | Crossfirst Bankshares INC

Time Deposits and Borrowings

9 Months Ended

Sep. 30, 2024

Note 7: Time Deposits and Borrowings

The scheduled maturities, excluding interest, of the Company’s borrowings at September 30, 2024 were as follows:


	As of September 30, 2024
	Within One		One to Two		Two to Three		Three to		Four to Five		After Five
	Year		Years		Years		Four Years		Years		Years		Total

	(Dollars in thousands)
Time deposits	$	1,884,291	$	98,835	$	2,387	$	655	$	502	$	—	$	1,986,670
FHLB borrowings		11,221		—		7,500		42,500		15,000		—		76,221
SBA secured borrowing		—		—		—		—		—		7,433		7,433
Trust preferred securities⁽¹⁾		—		—		—		—		—		1,165		1,165
Total	$	1,895,512	$	98,835	$	9,887	$	43,155	$	15,502	$	8,598	$	2,071,489

(1)	The contract value of the trust preferred securities is $2.6 million and is currently being accreted to the maturity date of 2035.

Securities (Tables)

9 Months Ended

Sep. 30, 2024

Securities

Schedule of Available-for-sale Securities


	September 30, 2024
			Gross		Gross
			Unrealized		Unrealized		Approximate
	Amortized Cost		Gains		Losses		Fair Value

	(Dollars in thousands)
Mortgage-backed - GSE residential	$	239,492	$	1,570	$	17,954	$	223,108
Collateralized mortgage obligations - GSE residential		97,029		1,285		518		97,796
State and political subdivisions		371,365		163		39,514		332,014
Small Business Administration loan pools		120,221		1,963		1		122,183
Corporate bonds		9,580		—		686		8,894
Total available-for-sale securities	$	837,687	$	4,981	$	58,673	$	783,995


	December 31, 2023
			Gross		Gross
			Unrealized		Unrealized		Approximate
	Amortized Cost		Gains		Losses		Fair Value

	(Dollars in thousands)
Federal agency obligations	$	9,988	$	84	$	—	$	10,072
U.S. Treasury securities		4,965		3		—		4,968
Mortgage-backed - GSE residential		233,203		629		21,370		212,462
Collateralized mortgage obligations - GSE residential		50,125		493		674		49,944
State and political subdivisions		396,349		497		40,949		355,897
Small Business Administration loan pools		125,017		722		961		124,778
Corporate bonds		9,740		—		1,208		8,532
Total available-for-sale securities	$	829,387	$	2,428	$	65,162	$	766,653

Schedule of Gross Realized Gains and Losses from Sales or Maturities of AFS Securities

For the Three Months Ended

For the Nine Months Ended

September 30, 2024

Gross

Net

Gross

Net

Realized

Gains

Losses

Gain

Gains

Losses

Gain

(Dollars in thousands)

Available-for-sale securities

158

(99)

163

(104)

For the Three Months Ended

For the Nine Months Ended

September 30, 2023

Gross

Net

Gross

Net

Realized

Gains

Losses

Loss

Gains

Losses

Gain

(Dollars in thousands)

Available-for-sale securities

(128)

(60)

335

(332)

Schedule of Available-for-sale Securities Continuous Unrealized Loss Position


	September 30, 2024
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities

	(Dollars in thousands)
Available-for-Sale Securities
Mortgage-backed - GSE residential	$	2,536	$	16	2	$	130,091	$	17,938	51	$	132,627	$	17,954	53
Collateralized mortgage obligations - GSE residential		30,667		69	5		11,499		449	17		42,166		518	22
State and political subdivisions		8,048		66	4		308,136		39,448	200		316,184		39,514	204
Small Business Administration loan pools		—		—	—		70		1	4		70		1	4
Corporate bonds		—		—	—		8,895		686	4		8,895		686	4
Total temporarily impaired AFS securities	$	41,251	$	151	11	$	458,691	$	58,522	276	$	499,942	$	58,673	287


	December 31, 2023
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities

	(Dollars in thousands)
Available-for-Sale Securities
Federal agency obligations	$	—	$	—	—	$	—	$	—	—	$	—	$	—	—
U.S. Treasury securities		—		—	—		—		—	—		—		—	—
Mortgage-backed - GSE residential		21,523		56	5		137,626		21,314	52		159,149		21,370	57
Collateralized mortgage obligations - GSE residential		17,707		135	4		8,469		539	17		26,176		674	21
State and political subdivisions		33,577		207	20		287,128		40,742	190		320,705		40,949	210
Small Business Administration loan pools		76,380		959	11		91		2	4		76,471		961	15
Corporate bonds		—		—	—		8,532		1,208	5		8,532		1,208	5
Total temporarily impaired AFS securities	$	149,187	$	1,357	40	$	441,846	$	63,805	268	$	591,033	$	65,162	308

Summary of Available-for-sale Securities by Contractual Maturity


	September 30, 2024
	Within			After One to			After Five to			After
	One Year			Five Years			Ten Years			Ten Years			Total

	(Dollars in thousands)
Available-for-sale securities
Mortgage-backed - GSE residential⁽¹⁾
Amortized cost	$	—		$	—		$	775		$	238,717		$	239,492
Estimated fair value	$	—		$	—		$	730		$	222,378		$	223,108
Weighted average yield⁽²⁾		—	%		—	%		2.23	%		3.30	%		3.29	%
Collateralized mortgage obligations - GSE residential⁽¹⁾
Amortized cost	$	—		$	1,990		$	17,915		$	77,124		$	97,029
Estimated fair value	$	—		$	1,942		$	18,046		$	77,808		$	97,796
Weighted average yield⁽²⁾		—	%		2.80	%		5.12	%		5.99	%		5.77	%
State and political subdivisions⁽¹⁾
Amortized cost	$	519		$	3,331		$	58,405		$	309,110		$	371,365
Estimated fair value	$	532		$	3,344		$	57,785		$	270,353		$	332,014
Weighted average yield⁽²⁾		4.10	%		4.34	%		2.94	%		2.50	%		2.59	%
Small Business Administration loan pools⁽¹⁾
Amortized cost	$	6		$	65		$	—		$	120,150		$	120,221
Estimated fair value	$	6		$	64		$	—		$	122,113		$	122,183
Weighted average yield⁽²⁾		5.01	%		4.10	%		—	%		4.96	%		4.96	%
Corporate bonds⁽¹⁾
Amortized cost	$	—		$	88		$	9,492		$	—		$	9,580
Estimated fair value	$	—		$	85		$	8,809		$	—		$	8,894
Weighted average yield⁽²⁾		—	%		5.30	%		5.71	%		—	%		5.71	%
Total available-for-sale securities
Amortized cost	$	525		$	5,474		$	86,587		$	745,101		$	837,687
Estimated fair value	$	538		$	5,435		$	85,370		$	692,652		$	783,995
Weighted average yield⁽²⁾		4.11	%		3.79	%		3.69	%		3.51	%		3.53	%

⁽¹⁾	Actual maturities may differ from contractual maturities because issuers may have the rights to call or prepay obligations with or without prepayment penalties.

⁽²⁾	Yields are calculated based on amortized cost using 30/360 day basis. Tax-exempt securities are not tax effected.

Summary of Equity Securities


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023

	(Dollars in thousands)
Net gains recognized during the reporting period on equity securities	$	3	$	98	$	16	$	114
Less: net gains recognized during the period on equity securities sold during the period		—		93		18		93
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date	$	3	$	5	$	(2)	$	21

Leases - Future minimum lease payments (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Future minimum lease payments under operating leases
Remainder of 2024	$ 945
2025	3,806
2026	3,852
2027	3,847
2028	3,427
Thereafter	10,750
Total lease payments	26,627
Less imputed interest	2,469
Total	$ 24,158
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities
Future minimum lease payments under finance leases
Remainder of 2024	$ 123
2025	490
2026	490
2027	528
2028	540
Thereafter	7,704
Total lease payments	9,875
Less imputed interest	2,645
Total	$ 7,230
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities

Derivatives and Hedging - Schedule of Cash Flow Hedge on Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivatives and Hedging
Gain or (Loss) Recognized in OCI on Derivative	$ 2,757	$ (1,744)	$ (521)	$ (3,340)
Designated as Hedging Instrument \| Interest rate products
Derivatives and Hedging
Gain or (Loss) Recognized in OCI on Derivative	3,606	(2,289)	(671)	(4,381)
Gain or (Loss) Recognized in OCI Included Component	3,606	(2,289)	(671)	(4,381)
Gain or (Loss) Reclassified from Accumulated OCI into Income	(1,093)	93	(3,152)	102
Gain or (Loss) Reclassified from Accumulated OCI into Income Included Component	(1,093)	93	(3,152)	102
Interest Income \| Designated as Hedging Instrument \| Interest rate products
Derivatives and Hedging
Gain or (Loss) Recognized in OCI on Derivative	3,606	(2,333)	(681)	(4,632)
Gain or (Loss) Recognized in OCI Included Component	3,606	(2,333)	(681)	(4,632)
Gain or (Loss) Reclassified from Accumulated OCI into Income	(1,319)		(3,776)
Gain or (Loss) Reclassified from Accumulated OCI into Income Included Component	(1,319)		(3,776)
Interest Expense \| Designated as Hedging Instrument \| Interest rate products
Derivatives and Hedging
Gain or (Loss) Recognized in OCI on Derivative		44	10	251
Gain or (Loss) Recognized in OCI Included Component		44	10	251
Gain or (Loss) Reclassified from Accumulated OCI into Income	226	93	624	102
Gain or (Loss) Reclassified from Accumulated OCI into Income Included Component	$ 226	$ 93	$ 624	$ 102

Consolidated Statements of Stockholders' Equity - Unaudited - USD ($) $ in Thousands	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Beginning balance at Dec. 31, 2022		$ 530	$ (64,127)	$ 530,658	$ 206,095	$ (64,557)	$ 608,599
Beginning balance (in shares) at Dec. 31, 2022		48,448,215
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)					49,018		49,018
Other comprehensive gain (loss) - available-for-sale securities						(28,358)	(28,358)
Other comprehensive gain (loss) - cash flow hedges						(3,418)	(3,418)
Preferred dividends					(258)		(258)
Issuance of preferred shares				7,750			7,750
Issuance of preferred shares (in shares)	7,750
Issuance of shares from equity-based awards		$ 3		(535)			(532)
Issuance of shares from equity-based awards (in shares)		249,176
Warrants exercised, cash settled				(418)			(418)
Acquisition - purchase accounting			5,932	1,025			6,957
Acquisition - purchase accounting (in shares)		597,645
Stock-based compensation				3,711			3,711
Ending balance at Sep. 30, 2023		$ 533	(58,195)	542,191	254,855	(96,333)	643,051
Ending balance (in shares) at Sep. 30, 2023	7,750	49,295,036
Beginning balance at Jun. 30, 2023		$ 532	(64,127)	539,793	238,147	(62,862)	651,483
Beginning balance (in shares) at Jun. 30, 2023	7,750	48,653,487
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)					16,863		16,863
Other comprehensive gain (loss) - available-for-sale securities						(31,656)	(31,656)
Other comprehensive gain (loss) - cash flow hedges						(1,815)	(1,815)
Preferred dividends					(155)		(155)
Issuance of shares from equity-based awards		$ 1		165			166
Issuance of shares from equity-based awards (in shares)		43,904
Acquisition - purchase accounting			5,932	1,025			6,957
Acquisition - purchase accounting (in shares)		597,645
Stock-based compensation				1,208			1,208
Ending balance at Sep. 30, 2023		$ 533	(58,195)	542,191	254,855	(96,333)	643,051
Ending balance (in shares) at Sep. 30, 2023	7,750	49,295,036
Beginning balance at Dec. 31, 2023		$ 533	(58,251)	543,556	272,351	(50,046)	$ 708,143
Beginning balance (in shares) at Dec. 31, 2023	7,750	49,335,888					53,326,641
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)					56,494		$ 56,494
Other comprehensive gain (loss) - available-for-sale securities						6,559	6,559
Other comprehensive gain (loss) - cash flow hedges						1,895	1,895
Preferred dividends					(465)		(465)
Issuance of shares from equity-based awards		$ 3		(583)			(580)
Issuance of shares from equity-based awards (in shares)		312,186
Open market common shares repurchases			(4,502)				(4,502)
Open market common shares repurchases (in shares)		(349,280)
Stock-based compensation				4,165			4,165
Ending balance at Sep. 30, 2024		$ 536	(62,753)	547,138	328,380	(41,592)	$ 771,709
Ending balance (in shares) at Sep. 30, 2024	7,750	49,298,794					53,638,827
Beginning balance at Jun. 30, 2024		$ 536	(62,761)	545,716	308,886	(64,499)	$ 727,878
Beginning balance (in shares) at Jun. 30, 2024	7,750	49,250,140
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)					19,649		19,649
Other comprehensive gain (loss) - available-for-sale securities						19,310	19,310
Other comprehensive gain (loss) - cash flow hedges						3,597	3,597
Preferred dividends					(155)		(155)
Issuance of shares from equity-based awards				67			67
Issuance of shares from equity-based awards (in shares)		48,654
Open market common shares repurchases			8				8
Stock-based compensation				1,355			1,355
Ending balance at Sep. 30, 2024		$ 536	$ (62,753)	$ 547,138	$ 328,380	$ (41,592)	$ 771,709
Ending balance (in shares) at Sep. 30, 2024	7,750	49,298,794					53,638,827

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 19,649	$ 16,863	$ 56,494	$ 49,018

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Goodwill and Core Deposit Intangible - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill and Core Deposit Intangible
Goodwill impairment	$ 0.0
Core Deposits
Goodwill and Core Deposit Intangible
Estimated useful life of CDI	10 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
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-Section 55
-Paragraph 24
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

Commitments and Credit Risk (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Credit Risk

Schedule of commitments


	September 30, 2024		December 31, 2023

	(Dollars in thousands)
Commitments to originate loans	$	129,986	$	59,728
Standby letters of credit		73,726		74,139
Lines of credit		1,853,299		2,008,356
Future lease commitments		2,872		—
Commitment related to investment fund		2,639		4,206
Total	$	2,062,522	$	2,146,429

Disclosure about Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Nonrecurring Basis (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	$ 823	$ 10,570
Foreclosed assets held-for-sale	5,286
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	823	10,570
Foreclosed assets held-for-sale	5,286
Level 3 \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	823	$ 10,570
Foreclosed assets held-for-sale	$ 5,286
Level 3 \| Appraisal of collateral \| Appraisal of collateral \| Minimum \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans, measurement input	0.10	0
Level 3 \| Appraisal of collateral \| Appraisal of collateral \| Maximum \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans, measurement input	0.28	0.56
Level 3 \| Appraisal of collateral \| Appraisal of collateral \| Weighted Average \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans, measurement input	0.20	0.22
Level 3 \| Marketability discount \| Market comparable properties \| Minimum \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans, measurement input	0.10
Level 3 \| Marketability discount \| Market comparable properties \| Maximum \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans, measurement input	0.10
Level 3 \| Marketability discount \| Market comparable properties \| Weighted Average \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans, measurement input	0.10

Stockholders' Equity - Computation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per Share
Net Income (Loss)	$ 19,649	$ 16,863	$ 56,494	$ 49,018
Less: preferred stock dividends	155	155	465	258
Net income available to common stockholders	$ 19,494	$ 16,708	$ 56,029	$ 48,760
Weighted average common shares (in shares)	49,406,729	49,214,653	49,439,665	48,867,144
Earnings per common share (in dollars per share)	$ 0.39	$ 0.34	$ 1.13	$ 1.00
Dilutive Earnings Per Share
Net Income (Loss)	$ 19,649	$ 16,863	$ 56,494	$ 49,018
Less: preferred stock dividends	155	155	465	258
Net income available to common stockholders	$ 19,494	$ 16,708	$ 56,029	$ 48,760
Weighted average common shares (in shares)	49,406,729	49,214,653	49,439,665	48,867,144
Effect of dilutive shares (in shares)	641,812	265,454	527,176	317,666
Weighted average dilutive common shares (in shares)	50,048,541	49,480,107	49,966,841	49,184,810
Diluted earnings per share (in dollars per share)	$ 0.39	$ 0.34	$ 1.12	$ 0.99
Stock-based awards not included because to do so would be antidilutive (in shares)	126,662	881,351	165,237	914,519

Stockholders' Equity

9 Months Ended

Sep. 30, 2024

Stockholders' Equity

Stockholders' Equity

Note 10: Stockholders’ Equity

The following table presents the computation of basic and diluted earnings per common share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(Dollars in thousands, except per share data)
Earnings per Common Share
Net Income	$	19,649	$	16,863	$	56,494	$	49,018
Less: preferred stock dividends		155		155		465		258
Net income available to common stockholders		19,494		16,708		56,029		48,760
Weighted average common shares		49,406,729		49,214,653		49,439,665		48,867,144
Earnings per common share	$	0.39	$	0.34	$	1.13	$	1.00
Diluted Earnings per Common Share
Net Income	$	19,649	$	16,863	$	56,494	$	49,018
Less: preferred stock dividends		155		155		465		258
Net income available to common stockholders		19,494		16,708		56,029		48,760
Weighted average common shares		49,406,729		49,214,653		49,439,665		48,867,144
Effect of dilutive shares		641,812		265,454		527,176		317,666
Weighted average dilutive common shares		50,048,541		49,480,107		49,966,841		49,184,810
Diluted earnings per common share	$	0.39	$	0.34	$	1.12	$	0.99
Stock-based awards not included because to do so would be antidilutive		126,662		881,351		165,237		914,519

Dividends of $155 thousand and $465 thousand related to the Series A Preferred Stock were declared and paid during the three and nine months ended September 30, 2024, respectively. On October 17, 2024, the Board of Directors declared a quarterly dividend on Series A Preferred Stock in the amount of $20.00 per share to be payable on December 16, 2024 to stockholders of record as of November 29, 2024.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 40
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Securities - Amortized Cost and Fair Value by Maturity Date (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized cost
Within one year	$ 525
After one to five years	5,474
After five to ten years	86,587
After ten years	745,101
Amortized Cost	837,687	$ 829,387
Estimated fair value
Within one year	538
After one to five years	5,435
After five to ten years	85,370
After ten years	692,652
Total	$ 783,995	766,653
Weighted average yield
Within one year	4.11%
After one to five years	3.79%
After five to ten years	3.69%
After ten years	3.51%
Total	3.53%
Federal agency obligations
Amortized cost
Amortized Cost		9,988
Estimated fair value
Total		10,072
Mortgage-backed - GSE residential
Amortized cost
After five to ten years	$ 775
After ten years	238,717
Amortized Cost	239,492	233,203
Estimated fair value
After five to ten years	730
After ten years	222,378
Total	$ 223,108	212,462
Weighted average yield
After five to ten years	2.23%
After ten years	3.30%
Total	3.29%
Collateralized mortgage obligations - GSE residential
Amortized cost
After one to five years	$ 1,990
After five to ten years	17,915
After ten years	77,124
Amortized Cost	97,029	50,125
Estimated fair value
After one to five years	1,942
After five to ten years	18,046
After ten years	77,808
Total	$ 97,796	49,944
Weighted average yield
After one to five years	2.80%
After five to ten years	5.12%
After ten years	5.99%
Total	5.77%
State and political subdivisions
Amortized cost
Within one year	$ 519
After one to five years	3,331
After five to ten years	58,405
After ten years	309,110
Amortized Cost	371,365	396,349
Estimated fair value
Within one year	532
After one to five years	3,344
After five to ten years	57,785
After ten years	270,353
Total	$ 332,014	355,897
Weighted average yield
Within one year	4.10%
After one to five years	4.34%
After five to ten years	2.94%
After ten years	2.50%
Total	2.59%
Small Business Administration loan pools
Amortized cost
Within one year	$ 6
After one to five years	65
After ten years	120,150
Amortized Cost	120,221	125,017
Estimated fair value
Within one year	6
After one to five years	64
After ten years	122,113
Total	$ 122,183	124,778
Weighted average yield
Within one year	5.01%
After one to five years	4.10%
After ten years	4.96%
Total	4.96%
Corporate bonds
Amortized cost
After one to five years	$ 88
After five to ten years	9,492
Amortized Cost	9,580	9,740
Estimated fair value
After one to five years	85
After five to ten years	8,809
Total	$ 8,894	$ 8,532
Weighted average yield
After one to five years	5.30%
After five to ten years	5.71%
Total	5.71%

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 17, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Preferred dividends		$ 155	$ 155	$ 465	$ 258
Series A Preferred Stock
Class of Stock [Line Items]
Aggregate dividends		$ 155		$ 465
Series A Preferred Stock \| Third Quarter 2024 Dividend \| Subsequent Event
Class of Stock [Line Items]
Dividends Payable amount per share	$ 20.00
Dividend declared date	Oct. 17, 2024
Dividend payable date	Dec. 16, 2024
Stockholders of record date	Nov. 29, 2024

Derivatives and Hedging

9 Months Ended

Sep. 30, 2024

Derivatives and Hedging

Derivatives and Hedging

Note 6: Derivatives and Hedging

The Company is exposed to certain risks arising from both its business operations and economic conditions, including interest rate, liquidity, and credit risk. The Company uses derivative financial instruments as part of its risk management activities to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s existing credit derivatives result from participations of loan participation arrangements, and therefore, are not used to manage interest rate risk in the Company’s assets or liabilities.

Cash Flow Hedges of Interest Rate Risk

The Company uses interest rate derivatives to add stability to interest income and expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company may utilize interest rate swaps, including forwards, interest rate caps, floors, collars, corridors and swaptions as part of its interest rate risk management strategy. During the third quarter of 2024, the Company had interest rate swaps and a collar to hedge the variable cash flows associated with existing variable-rate debt and loan assets in place. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Interest rate collars designated as cash flow hedges involve payments of variable-rate amounts if interest rates rise above the cap strike rate on the contract and the receipt of variable-rate amounts if interest rates fall below the floor strike rate on the contract. During the first nine months of 2024, two cash flow hedges matured and two cash flow hedges were terminated. Derivatives that qualify as cash flow hedges and are designated as such include one instrument with a total notional value of $250 million at September 30, 2024, and five instruments with a total notional value of $340 million at December 31, 2023.

For derivatives that qualify as cash flow hedges of interest rate risk and are designated as such, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Loss (“AOCI”) and subsequently reclassified into interest income or expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest income and expense as interest payments are received and made on the Company’s variable-rate assets and debt. The Company currently estimates that $0.5 million will be reclassified as a net decrease to net interest income during the next twelve months. These reclassifications are for active hedges, as well as amounts related to five hedged swaps that were terminated in 2022 and the two hedged swaps terminated in the first quarter of 2024, that continue to be recognized based on the original effective dates of the hedged transactions.

The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of 2.3 years.

Non-designated Hedges

Derivatives not designated as hedges are not speculative and result from a service provided to clients. The Company executes interest rate swaps with clients to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third-party, such that the Company minimizes its net risk exposure resulting from such transactions. Interest rate derivatives associated with this program do not meet the strict hedge accounting requirements and changes in the fair value of both the client derivatives and the offsetting derivatives are recognized directly in earnings.

Swap fees earned upon origination and credit valuation adjustments that represent the risk of a counterparty’s default are reported on the consolidated statements of operations as swap fees and credit valuation adjustments, net. The effect of the Company’s derivative financial instruments gain (loss) is reported on the consolidated statements of cash flows within “other assets” and “other liabilities”.

The Company had 50 and 46 swaps outstanding with an aggregate notional amount of $356 million and $307 million at September 30, 2024 and December 31, 2023, respectively.

The Company’s existing credit derivatives result from participations in or out of interest rate swaps provided by or to external lenders as part of loan participation arrangements, and therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain lenders which participate in loans.

The Company had 13 credit risk participation agreements outstanding with an aggregate notional amount of $71 million at September 30, 2024.

The table below presents the fair value of the Company’s derivative financial instruments and their classification on the consolidated statements of financial condition as of September 30, 2024 and December 31, 2023:


	Asset Derivatives					Liability Derivatives
	Statement of					Statement of
	Financial					Financial
	Condition	September 30,		December 31,		Condition	September 30,		December 31,
	Location	2024		2023		Location	2024		2023

	(Dollars in thousands)
Derivatives designated as hedging instruments:
Interest rate products	Other assets and Interest receivable	$	—	$	101	Interest payable and other liabilities	$	3,092	$	5,992
Total derivatives designated as hedging instruments		$	—	$	101		$	3,092	$	5,992

Derivatives not designated as hedging instruments:
Interest rate products	Other assets and Interest receivable	$	6,965	$	7,830	Interest payable and other liabilities	$	7,023	$	7,837
Credit risk participation agreements	Other assets		34		—	Other liabilities		100		—
Total derivatives not designated as hedging instruments		$	6,999	$	7,830		$	7,123	$	7,837
Total		$	6,999	$	7,931		$	10,215	$	13,829

The tables below present the effect of cash flow hedge accounting on AOCI for the three and nine months ended September 30, 2024 and 2023.



											Gain or		Gain or
											(Loss)		(Loss)
									Gain or		Reclassified		Reclassified
	Location of				Gain or		Gain or		(Loss)		from		from
	Gain or (Loss)		Gain or		(Loss)		(Loss)		Reclassified		Accumulated		Accumulated
	Recognized		(Loss)		Recognized		Recognized		from		OCI into		OCI into
	from		Recognized		in OCI		in OCI		Accumulated		Earnings		Earnings
	AOCI into		in OCI on		Included		Excluded		OCI into		Included		Excluded
	Earnings		Derivative		Component		Component		Earnings		Component		Component

			(Dollars in thousands)
Three Months Ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	3,606	$	3,606	$	—	$	(1,319)	$	(1,319)	$	—
Interest Rate Products		Interest Expense		—		—		—		226		226		—
Total			$	3,606	$	3,606	$	—	$	(1,093)	$	(1,093)	$	—
Three Months Ended September 30, 2023
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	(2,333)	$	(2,333)	$	—	$	—	$	—	$	—
Interest Rate Products		Interest Expense		44		44		—		93		93		—
Total			$	(2,289)	$	(2,289)	$	—	$	93	$	93	$	—



											Gain or		Gain or
											(Loss)		(Loss)
									Gain or		Reclassified		Reclassified
	Location of				Gain or		Gain or		(Loss)		from		from
	Gain or (Loss)		Gain or		(Loss)		(Loss)		Reclassified		Accumulated		Accumulated
	Recognized		(Loss)		Recognized		Recognized		from		OCI into		OCI into
	from		Recognized		in OCI		in OCI		Accumulated		Earnings		Earnings
	AOCI into		in OCI on		Included		Excluded		OCI into		Included		Excluded
	Earnings		Derivative		Component		Component		Earnings		Component		Component

			(Dollars in thousands)
Nine Months Ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	(681)	$	(681)	$	—	$	(3,776)	$	(3,776)	$	—
Interest Rate Products		Interest Expense		10		10		—		624		624		—
Total			$	(671)	$	(671)	$	—	$	(3,152)	$	(3,152)	$	—
Nine Months Ended September 30, 2023
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	(4,632)	$	(4,632)	$	—	$	—	$	—	$	—
Interest Rate Products		Interest Expense		251		251		—		102		102		—
Total			$	(4,381)	$	(4,381)	$	—	$	102	$	102	$	—

As of September 30, 2024 and December 31, 2023, the Company had minimum collateral thresholds with certain of its derivative counterparties and had pledged collateral of $1.8 million and $1.0 million, respectively, and received collateral of $0.7 million and $1.5 million, respectively.

Leases - Components of operating lease expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lease, Cost [Abstract]
Finance lease amortization of right-of-use asset	$ 72	$ 71	$ 219	$ 212
Finance lease interest on lease liability	65	67	197	204
Operating lease expense	863	726	2,587	2,189
Variable lease expense	357	487	998	1,368
Short-term lease expense	16	5	32	15
Total lease expense	$ 1,373	$ 1,356	$ 4,033	$ 3,988

Change in Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2024

Change in Accumulated Other Comprehensive Loss

Schedule of amounts reclassified from AOCI


	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the
	2024		2023		2024		2023		Statements of Operations

	(Dollars in thousands)
Realized gain (loss) on available-for-sale securities	$	59	$	(60)	$	59	$	3	Other non-interest income
Less: tax expense (benefit) effect		14		(14)		14		1	Income tax expense
Realized gain (loss) on available-for-sale securities, net of income tax		45		(46)		45		2
Loss on cash flow hedges		(1,319)		—		(3,776)		—	Interest income - Loans
Gain on cash flow hedges		226		93		624		102	Interest expense - Deposits
Less: tax (benefit) expense effect		(253)		22		(736)		24	Income tax expense
Net (loss) gain on cash flow hedges, net of tax		(840)		71		(2,416)		78
Total reclassified amount	$	(795)	$	25	$	(2,371)	$	80

Goodwill and Core Deposit Intangible (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Core Deposit Intangible

Schedule of change in goodwill and core deposit intangible


	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount

	(Dollars in thousands)
September 30, 2024
Goodwill	$	14,135	$	—	$	14,135
Core deposit intangible		21,938		7,453		14,485
Total goodwill and intangible assets	$	36,073	$	7,453	$	28,620
December 31, 2023
Goodwill	$	14,135	$	—	$	14,135
Core deposit intangible		21,938		4,738		17,200
Total goodwill and intangible assets	$	36,073	$	4,738	$	31,335

Schedule of core deposit intangible future amortization expense


(Dollars in thousands)
For the three months ending December 31, 2024	$	854
For the year ending December 31, 2025		3,155
For the year ending December 31, 2026		2,739
For the year ending December 31, 2027		2,325
For the year ending December 31, 2028		1,909

Nature of Operations and Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2024

Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations and Summary of Significant Accounting Policies

Note 1: Nature of Operations and Summary of Significant Accounting Policies

Organization and Nature of Operations

CrossFirst Bankshares, Inc. (“Bankshares or “CrossFirst”) is a bank holding company whose principal activities are the ownership and management of its wholly-owned subsidiary, CrossFirst Bank (the “Bank”). In addition, the Bank has three subsidiaries, including CrossFirst Investments, Inc. (“CFI”), which holds investments in marketable securities, CFBSA I, LLC and CFBSA II, LLC.

On August 26, 2024, Bankshares and First Busey Corporation, a Nevada corporation (“Busey”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Bankshares will merge with and into Busey, with Busey as the surviving corporation in the merger (the “Merger”). The Merger Agreement further provides that at a date and time following the Merger as determined by Busey, CrossFirst Bank, a Kansas state-chartered bank and a wholly owned subsidiary of CrossFirst, will merge with and into Busey Bank, an Illinois state-chartered bank and a wholly owned subsidiary of Busey, with Busey Bank as the surviving bank. The transaction is subject to customary closing conditions, including the approval of both Busey and CrossFirst stockholders and the regulatory approvals for the holding company merger and the bank merger. Subject to obtaining these approvals, the parties currently expect to close the holding company merger in the first or second quarter of 2025.

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of common stock, par value $0.01 per share, of CrossFirst (“CrossFirst Common Stock”) outstanding immediately prior to the Effective Time, other than certain shares held by CrossFirst or Busey, will be converted into the right to receive 0.6675 of a share of common stock, par value $0.001 per share, of Busey. Holders of CrossFirst Common Stock will receive cash in lieu of fractional shares.

At the Effective Time, each share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share, of CrossFirst (“CrossFirst Preferred Stock” or “Series A Preferred Stock”) outstanding immediately prior to the Effective Time will be converted into the right to receive one share of a newly created series of preferred stock of Busey, provided that at the election of Busey, Busey may cause the CrossFirst Preferred Stock to be converted in the Merger at the Effective Time into the right to receive an amount of cash equal to the liquidation preference thereof, plus the amount of any accrued and unpaid dividends thereon through the Effective Time.

The Bank is engaged in providing a full range of banking and financial services to individual and corporate clients primarily through its branches in: (i) Leawood, Kansas; (ii) Wichita, Kansas; (iii) Kansas City, Missouri; (iv) Oklahoma City, Oklahoma; (v) Tulsa, Oklahoma; (vi) Dallas, Texas; (vii) Fort Worth, Texas; (viii) Frisco, Texas; (ix) Phoenix, Arizona; (x) Tucson, Arizona; (xi) Colorado Springs, Colorado; (xii) Denver, Colorado; and (xiii) Clayton, New Mexico.

Basis of Presentation

The accompanying interim unaudited consolidated financial statements serve to update the CrossFirst Bankshares, Inc. Annual Report on Form 10-K for the year ended December 31, 2023 and include the consolidated accounts of Bankshares, the Bank, CFI, CFBSA I, LLC and CFBSA II, LLC (together, referred to herein as the “Company”). The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. However, they may not include all information and notes necessary to constitute a complete set of financial statements under GAAP applicable to annual periods and accordingly should be read in conjunction with the financial information contained in the Company's most recent Annual Report on Form 10-K. The unaudited consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring

nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. The results of operations for the interim period are not necessarily indicative of the results that may be expected for the full year or any other interim period. All amounts are in thousands, except share data, or as otherwise noted.

GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the fair values of financial instruments, and the allowance for credit losses (“ACL”). Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from those estimates.

The Company's significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in Note 1 of the audited financial statements and notes for the year ended December 31, 2023 and are contained in the Company's Annual Report on Form 10-K for that period. There have been no significant changes to the application of significant accounting policies since December 31, 2023.

Related Party Transactions

The Bank extends credit and receives deposits from related parties. In management’s opinion, the loans and deposits were made in the ordinary course of business and made on similar terms as those prevailing at the time with other persons. Related party loans totaled $10 million and $12 million, while related party deposits totaled $90 million and $106 million, at September 30, 2024 and December 31, 2023, respectively. Related parties also owned $6 million of the Company’s Series A Preferred Stock at September 30, 2024.

Recent Accounting Pronouncements

Accounting pronouncements not yet adopted by the Company

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosures on both an annual and interim basis about significant segment expenses, including for companies with only one reportable segment. This ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company expects to adopt this ASU as of December 31, 2024 and include the required disclosures in a segment reporting footnote in its year-end financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures which requires updates to rate reconciliation disclosures and information on income taxes paid on an annual basis. This ASU is effective on a prospective basis with retrospective application permitted for annual periods beginning after December 15, 2024. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures.

Loans and Allowance for Credit Losses - Category of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 6,331,049		$ 6,127,690
Allowance for credit losses on loans	(77,757)	$ (76,218)	(73,462)
Loans, net of the allowance for credit losses on loans	$ 6,253,292		$ 6,054,228
Percentage Of Loans	100.00%		100.00%
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 2,221,014		$ 2,160,212
Allowance for credit losses on loans	$ (33,948)	(33,627)	$ (32,244)
Percentage Of Loans	35.00%		35.00%
Energy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 224,036		$ 214,218
Allowance for credit losses on loans	$ (3,199)	(3,325)	$ (3,143)
Percentage Of Loans	4.00%		3.00%
Commercial real estate - owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 583,305		$ 566,253
Allowance for credit losses on loans	$ (6,095)	(6,691)	$ (6,445)
Percentage Of Loans	9.00%		9.00%
Commercial real estate - non-owner-occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 2,802,954		$ 2,685,534
Allowance for credit losses on loans	$ (31,200)	(29,082)	$ (28,130)
Percentage Of Loans	44.00%		44.00%
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 476,336		$ 464,095
Allowance for credit losses on loans	$ (3,086)	(3,423)	$ (3,456)
Percentage Of Loans	8.00%		8.00%
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned fees	$ 23,404		$ 37,378
Allowance for credit losses on loans	$ (229)	$ (70)	$ (44)
Percentage Of Loans			1.00%

Time Deposits and Borrowings (Schedule of Time Deposit Maturities and Borrowings) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Time deposits
Within One Year	$ 1,884,291
One to Two Years	98,835
Two to Three Years	2,387
Three to Four Years	655
Four to Five Years	502
Total	1,986,670	$ 1,831,092
FHLB borrowings
Total	76,221	$ 77,889
Time Deposit Maturities And Borrowings
Within One Year	1,895,512
One to Two Years	98,835
Two to Three Years	9,887
Three to Four Years	43,155
Four to Five Years	15,502
After Five Years	8,598
Total	2,071,489
Trust preferred securities
After Five Years	1,165
Total	1,165
Contract value	2,600
SBA Secured Borrowing
Time Deposit Maturities And Borrowings
After Five Years	7,433
Total	7,433
FHLB Borrowings
FHLB borrowings
Within One Year	11,221
Two to Three Years	7,500
Three to Four Years	42,500
Four to Five Years	15,000
Total	$ 76,221

Nature of Operations and Summary of Significant Accounting Policies - Narrative (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) item $ / shares shares	Dec. 31, 2023 USD ($) $ / shares
Subsidiary, Sale of Stock [Line Items]
Number of wholly owned subsidiaries \| item	3
Common stock par value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Preferred stock par value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Related party loans \| $	$ 10	$ 12
Related party deposits \| $	90	$ 106
Noncumulative Preferred Stock \| Related Party
Subsidiary, Sale of Stock [Line Items]
Value of shares owned by related party \| $	$ 6
Busey
Subsidiary, Sale of Stock [Line Items]
Common stock par value (in dollars per share) \| $ / shares	$ 0.001
Right to receive number of shares (in shares) \| shares	0.6675
Busey \| Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Right to receive number of shares (in shares) \| shares	1

Securities - Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Securities
Net gains recognized during the reporting period on equity securities	$ 3	$ 98	$ 16	$ 114
Less: net gains recognized during the period on equity securities sold during the period		93	18	93
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date	$ 3	$ 5	$ (2)	$ 21

Derivatives and Hedging (Tables)

9 Months Ended

Sep. 30, 2024

Derivatives and Hedging

Schedule of Derivative Instruments


	Asset Derivatives					Liability Derivatives
	Statement of					Statement of
	Financial					Financial
	Condition	September 30,		December 31,		Condition	September 30,		December 31,
	Location	2024		2023		Location	2024		2023

	(Dollars in thousands)
Derivatives designated as hedging instruments:
Interest rate products	Other assets and Interest receivable	$	—	$	101	Interest payable and other liabilities	$	3,092	$	5,992
Total derivatives designated as hedging instruments		$	—	$	101		$	3,092	$	5,992

Derivatives not designated as hedging instruments:
Interest rate products	Other assets and Interest receivable	$	6,965	$	7,830	Interest payable and other liabilities	$	7,023	$	7,837
Credit risk participation agreements	Other assets		34		—	Other liabilities		100		—
Total derivatives not designated as hedging instruments		$	6,999	$	7,830		$	7,123	$	7,837
Total		$	6,999	$	7,931		$	10,215	$	13,829

Schedule of Cash Flow Hedge on Accumulated Other Comprehensive Income



											Gain or		Gain or
											(Loss)		(Loss)
									Gain or		Reclassified		Reclassified
	Location of				Gain or		Gain or		(Loss)		from		from
	Gain or (Loss)		Gain or		(Loss)		(Loss)		Reclassified		Accumulated		Accumulated
	Recognized		(Loss)		Recognized		Recognized		from		OCI into		OCI into
	from		Recognized		in OCI		in OCI		Accumulated		Earnings		Earnings
	AOCI into		in OCI on		Included		Excluded		OCI into		Included		Excluded
	Earnings		Derivative		Component		Component		Earnings		Component		Component

			(Dollars in thousands)
Three Months Ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	3,606	$	3,606	$	—	$	(1,319)	$	(1,319)	$	—
Interest Rate Products		Interest Expense		—		—		—		226		226		—
Total			$	3,606	$	3,606	$	—	$	(1,093)	$	(1,093)	$	—
Three Months Ended September 30, 2023
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	(2,333)	$	(2,333)	$	—	$	—	$	—	$	—
Interest Rate Products		Interest Expense		44		44		—		93		93		—
Total			$	(2,289)	$	(2,289)	$	—	$	93	$	93	$	—



											Gain or		Gain or
											(Loss)		(Loss)
									Gain or		Reclassified		Reclassified
	Location of				Gain or		Gain or		(Loss)		from		from
	Gain or (Loss)		Gain or		(Loss)		(Loss)		Reclassified		Accumulated		Accumulated
	Recognized		(Loss)		Recognized		Recognized		from		OCI into		OCI into
	from		Recognized		in OCI		in OCI		Accumulated		Earnings		Earnings
	AOCI into		in OCI on		Included		Excluded		OCI into		Included		Excluded
	Earnings		Derivative		Component		Component		Earnings		Component		Component

			(Dollars in thousands)
Nine Months Ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	(681)	$	(681)	$	—	$	(3,776)	$	(3,776)	$	—
Interest Rate Products		Interest Expense		10		10		—		624		624		—
Total			$	(671)	$	(671)	$	—	$	(3,152)	$	(3,152)	$	—
Nine Months Ended September 30, 2023
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products		Interest Income	$	(4,632)	$	(4,632)	$	—	$	—	$	—	$	—
Interest Rate Products		Interest Expense		251		251		—		102		102		—
Total			$	(4,381)	$	(4,381)	$	—	$	102	$	102	$	—

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details

Leases

9 Months Ended

Sep. 30, 2024

Leases

Leases

Note 4: Leases

The Company’s leases primarily include bank branches located in Kansas City, Missouri; Tulsa, Oklahoma; Dallas, Texas; Frisco, Texas; Fort Worth, Texas; Phoenix, Arizona; Denver, Colorado; and Colorado Springs, Colorado. The remaining lease terms on these branch leases range from less than one year to 18 years with certain options to renew. Renewal terms can extend the lease term between five years and 20 years. The exercise of lease renewal options is at the Company’s sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in the estimated value of the right of use (“ROU”) asset and lease liability. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of September 30, 2024, the Company recognized one finance lease and the remaining Company leases were classified as operating leases.

During the third quarter of 2024, the Company entered into a lease agreement for a new bank branch in Oklahoma City, Oklahoma. The lease is expected to commence during the fourth quarter of 2024. The lease will be recognized in the Company’s consolidated financial statements during the period that includes the lease’s commencement date.

The ROU asset is included in “Other assets” on the consolidated statements of financial condition, and was $28 million and $30 million at September 30, 2024 and December 31, 2023, respectively. Certain adjustments to the ROU asset may be required for items such as initial direct costs paid or incentives received. The lease liability is located in “Interest payable and other liabilities” on the consolidated statements of financial condition and was $31 million and $34 million at September 30, 2024 and December 31, 2023, respectively.

As of September 30, 2024, the remaining weighted-average lease term was 10.2 years, and the weighted-average discount rate was 2.78% utilizing the Company’s incremental Federal Home Loan Bank (“FHLB”) borrowing rate for borrowings of a similar term at the date of lease commencement.

The following table presents components of operating lease expense in the accompanying consolidated statements of operations for the three- and nine-month periods ended September 30, 2024 and 2023:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(Dollars in thousands)
Finance lease amortization of right-of-use asset	$	72	$	71	$	219	$	212
Finance lease interest on lease liability		65		67		197		204
Operating lease expense		863		726		2,587		2,189
Variable lease expense		357		487		998		1,368
Short-term lease expense		16		5		32		15
Total lease expense	$	1,373	$	1,356	$	4,033	$	3,988

Future minimum commitments under operating and finance leases as of September 30, 2024 were as follows:


	Operating Leases		Finance Leases

	(Dollars in thousands)
Remainder of 2024	$	945	$	123
2025		3,806		490
2026		3,852		490
2027		3,847		528
2028		3,427		540
Thereafter		10,750		7,704
Total lease payments		26,627		9,875
Less: imputed interest		2,469		2,645
Total	$	24,158	$	7,230

Supplemental cash flow information

Operating cash flows paid for operating leases included in the measurement of lease liabilities were $2.9 million and $2.7 million, respectively, for the nine months ended September 30, 2024 and 2023. Operating cash flows paid for finance lease amounts included in the measurement of lease liabilities were $0.4 million for both the nine months ended September 30, 2024 and 2023. During the nine months ended September 30, 2024, the Company did not record any ROU assets that were exchanged for operating lease liabilities.

Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2024

Regulatory Matters

Schedule of actual capital amounts and ratios


					Required to be Considered				Required to be Considered
	Actual				Well Capitalized				Adequately Capitalized⁽¹⁾
	Amount		Ratio		Amount		Ratio		Amount		Ratio

	(Dollars in thousands)
September 30, 2024
Total Capital to Risk-Weighted Assets
Consolidated	$	868,146	11.8	%		N/A	N/A		$	770,742	10.5	%
Bank		855,496	11.7		$	733,613	10.0	%		770,294	10.5
Tier 1 Capital to Risk-Weighted Assets
Consolidated		785,057	10.7			N/A	N/A			623,934	8.5
Bank		772,407	10.5			586,891	8.0			623,571	8.5
Common Equity Tier 1 to Risk-Weighted Assets
Consolidated		776,142	10.6			N/A	N/A			513,828	7.0
Bank		772,407	10.5			476,849	6.5			513,529	7.0
Tier 1 Capital to Average Assets
Consolidated		785,057	10.2			N/A	N/A			307,189	4.0
Bank	$	772,407	10.1	%	$	384,094	5.0	%	$	307,275	4.0	%


December 31, 2023
Total Capital to Risk-Weighted Assets
Consolidated	$	807,018	11.2	%		N/A	N/A		$	756,285	10.5	%
Bank		800,522	11.1		$	719,705	10.0	%		755,691	10.5
Tier 1 Capital to Risk-Weighted Assets
Consolidated		727,723	10.1			N/A	N/A			612,231	8.5
Bank		721,227	10.0			575,764	8.0			611,750	8.5
Common Equity Tier 1 to Risk-Weighted Assets
Consolidated		718,855	10.0			N/A	N/A			504,190	7.0
Bank		721,227	10.0			467,809	6.5			503,794	7.0
Tier 1 Capital to Average Assets
Consolidated		727,723	10.0			N/A	N/A			292,517	4.0
Bank	$	721,227	9.9	%	$	365,675	5.0	%	$	292,540	4.0	%

(1)	Represents the minimum capital required for capital adequacy under Basel III. Includes capital conservation buffer of 2.5%.

Loans and Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Allowance for loan losses
Beginning balance	$ 76,218	$ 73,462
Charge-offs	(1,622)	(4,561)
Recoveries	28	485
Provision (release)	3,133	8,371
Ending balance	77,757	77,757
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	5,213	6,413
Provision (credit)	400	(800)
Ending balance	5,613	5,613
Commercial and industrial
Allowance for loan losses
Beginning balance	33,627	32,244
Charge-offs	(1,599)	(3,128)
Recoveries	24	104
Provision (release)	1,896	4,728
Ending balance	33,948	33,948
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	783	954
Provision (credit)	100	(71)
Ending balance	883	883
Energy
Allowance for loan losses
Beginning balance	3,325	3,143
Recoveries		118
Provision (release)	(126)	(62)
Ending balance	3,199	3,199
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	133	149
Provision (credit)		(16)
Ending balance	133	133
Commercial real estate - owner-occupied
Allowance for loan losses
Beginning balance	6,691	6,445
Provision (release)	(596)	(350)
Ending balance	6,095	6,095
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	107	125
Provision (credit)		(18)
Ending balance	107	107
Commercial real estate - non-owner-occupied
Allowance for loan losses
Beginning balance	29,082	28,130
Charge-offs	(23)	(1,420)
Recoveries	4	4
Provision (release)	2,137	4,486
Ending balance	31,200	31,200
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	4,119	5,096
Provision (credit)	306	(671)
Ending balance	4,425	4,425
Residential real estate
Allowance for loan losses
Beginning balance	3,423	3,456
Recoveries		259
Provision (release)	(337)	(629)
Ending balance	3,086	3,086
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	67	89
Provision (credit)	(9)	(31)
Ending balance	58	58
Consumer
Allowance for loan losses
Beginning balance	70	44
Charge-offs		(13)
Provision (release)	159	198
Ending balance	229	229
Allowance for Credit Losses on Off-Balance Sheet
Beginning balance	4
Provision (credit)	3	7
Ending balance	$ 7	$ 7

Derivatives and Hedging - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivatives and Hedging
Asset Derivatives	$ 6,999	$ 7,931
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Interest Receivable, Other Assets	Interest Receivable, Other Assets
Liability Derivatives	$ 10,215	$ 13,829
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities	Interest Payable And Other Liabilities
Not Designated as Hedging Instrument
Derivatives and Hedging
Asset Derivatives	$ 6,999	$ 7,830
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Interest Receivable, Other Assets	Interest Receivable, Other Assets
Liability Derivatives	$ 7,123	$ 7,837
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities	Interest Payable And Other Liabilities
Not Designated as Hedging Instrument \| Interest rate products
Derivatives and Hedging
Asset Derivatives	$ 6,965	$ 7,830
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Interest Receivable, Other Assets	Interest Receivable, Other Assets
Liability Derivatives	$ 7,023	$ 7,837
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities	Interest Payable And Other Liabilities
Not Designated as Hedging Instrument \| Credit Risk
Derivatives and Hedging
Asset Derivatives	$ 34
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Liability Derivatives	$ 100
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities
Designated as Hedging Instrument
Derivatives and Hedging
Asset Derivatives		$ 101
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Interest Receivable, Other Assets
Liability Derivatives	$ 3,092	$ 5,992
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities	Interest Payable And Other Liabilities
Designated as Hedging Instrument \| Interest rate products
Derivatives and Hedging
Asset Derivatives		$ 101
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Interest Receivable, Other Assets
Liability Derivatives	$ 3,092	$ 5,992
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Interest Payable And Other Liabilities	Interest Payable And Other Liabilities

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

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-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 28: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Consolidated Statements of Financial Condition - Unaudited (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Stockholders' equity
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	5,000,000	5,000,000
Preferred stock issued (in shares)	7,750	7,750
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	200,000,000	200,000,000
Common stock issued (in shares)	53,638,827	53,326,641
Treasure stock held (in shares)	4,340,033	3,990,753

Loans and Allowance for Credit Losses - Loans Modifications (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 13,500	$ 9,200
Current
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	11,284		$ 9,243
Greater than 90 days
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	2,186
Total past due
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	2,186
Commercial and industrial \| Current
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	6,360		4,674
Commercial and industrial \| Greater than 90 days
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	1,933
Commercial and industrial \| Total past due
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	1,933
Commercial real estate - owner-occupied \| Current
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	4,924		$ 4,569
Residential real estate \| Greater than 90 days
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	253
Residential real estate \| Total past due
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	253
Term Extension
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	3,155	9,243
Term Extension \| Commercial and industrial
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 2,902	$ 4,674
Percentage Of Loans Class Modified	0.13%	0.20%
Weighted average years added to life of loan	1 year 2 months 12 days	1 year 2 months 12 days
Term Extension \| Commercial real estate - owner-occupied
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis		$ 4,569
Percentage Of Loans Class Modified		1.00%
Weighted average years added to life of loan		6 months
Term Extension \| Residential real estate
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 253
Percentage Of Loans Class Modified	0.05%
Weighted average years added to life of loan	4 months 24 days
Payment delay
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 9,815
Payment delay \| Commercial and industrial
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 4,891
Percentage Of Loans Class Modified	0.22%
Weighted average payment delay	7 months 6 days
Payment delay \| Commercial real estate - owner-occupied
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 4,924
Percentage Of Loans Class Modified	0.84%
Weighted average payment delay	6 months
Combination - Term extension and payment delay
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 500
Combination - Term extension and payment delay \| Commercial and industrial
Financing Receivable, Modified [Line Items]
Loans Modified, Amortized Cost Basis	$ 500
Percentage Of Loans Class Modified	0.02%
Weighted average years added to life of loan	4 months 24 days
Weighted average payment delay	4 months 24 days

Consolidated Statements of Operations - Unaudited - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest Income
Loans, including fees	$ 118,566	$ 103,631	$ 342,011	$ 292,231
Available-for-sale securities - taxable	5,172	3,089	14,752	7,560
Available-for-sale securities - tax-exempt	2,426	3,365	7,533	10,730
Deposits with financial institutions	2,375	2,444	6,341	6,067
Dividends on bank stocks	113	127	352	753
Total interest income	128,652	112,656	370,989	317,341
Interest Expense
Deposits	66,736	56,297	192,547	141,685
Fed funds purchased and repurchase agreements		5		51
Federal Home Loan Bank Advances	689	1,003	2,602	7,128
Other borrowings	64	224	191	590
Total interest expense	67,489	57,529	195,340	149,454
Net Interest Income	61,163	55,127	175,649	167,887
Provision for Credit Losses	3,533	3,329	7,571	10,390
Net Interest Income after Provision for Credit Losses	57,630	51,798	168,078	157,497
Non-Interest Income
Service charges and fees on client accounts	2,320	2,249	6,757	6,188
ATM and credit card interchange income	1,523	1,436	4,578	3,913
Gain on sale of loans	170	739	1,147	2,131
Income from bank-owned life insurance	523	437	1,480	1,266
Swap fees and credit valuation adjustments, net	194	57	440	231
Other non-interest income	1,235	1,063	2,853	2,452
Total non-interest income	5,965	5,981	17,255	16,181
Non-Interest Expense
Salaries and employee benefits	23,346	22,017	70,093	68,700
Occupancy	3,181	3,183	9,568	9,211
Professional fees	2,517	1,945	4,572	5,533
Deposit insurance premiums	1,845	1,947	5,602	5,359
Data processing	771	904	3,460	3,203
Advertising	723	593	1,772	1,994
Software and communication	1,633	1,898	5,290	5,204
Foreclosed assets, net	36		289	128
Core deposit intangible amortization	878	922	2,715	2,546
Other non-interest expense	3,679	2,945	10,478	9,980
Total non-interest expense	38,609	36,354	113,839	111,858
Net Income Before Taxes	24,986	21,425	71,494	61,820
Income tax expense	5,337	4,562	15,000	12,802
Net Income	$ 19,649	$ 16,863	$ 56,494	$ 49,018
Basic Earnings Per Common Share (in dollars per share)	$ 0.39	$ 0.34	$ 1.13	$ 1.00
Diluted Earnings Per Common Share (in dollars per share)	$ 0.39	$ 0.34	$ 1.12	$ 0.99

Loans and Allowance for Credit Losses - Non-Accrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	$ 661,184	$ 1,005,445
Fiscal Year Before Latest Fiscal Year	716,463	1,322,974
Two Years Before Latest Fiscal Year	1,198,932	678,928
Three Years Before Latest Fiscal Year	544,298	404,847
Four Years Before Latest Fiscal Year	310,976	212,136
Five Or More Years Before Latest Fiscal Year	277,114	173,803
Revolving Loans	2,331,025	2,071,645
Revolving Loans Converted to Term Loans	291,057	257,912
Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	253
Fiscal Year Before Latest Fiscal Year	651	746
Two Years Before Latest Fiscal Year	47	6,499
Three Years Before Latest Fiscal Year	262	1,722
Five Or More Years Before Latest Fiscal Year	677
Revolving Loans	5,783	9,127
Revolving Loans Converted to Term Loans	2,493	357
Total non-accrual loans	10,166	18,451
Nonaccrual Loans with no related Allowance	4,482	8,600
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	299,794	394,457
Fiscal Year Before Latest Fiscal Year	252,200	260,984
Two Years Before Latest Fiscal Year	212,418	204,669
Three Years Before Latest Fiscal Year	139,863	57,837
Four Years Before Latest Fiscal Year	33,034	40,820
Five Or More Years Before Latest Fiscal Year	14,843	19,642
Revolving Loans	1,177,014	1,108,604
Revolving Loans Converted to Term Loans	91,848	73,199
Commercial and industrial \| Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Fiscal Year Before Latest Fiscal Year	651
Two Years Before Latest Fiscal Year	47	266
Three Years Before Latest Fiscal Year	262	24
Five Or More Years Before Latest Fiscal Year	478
Revolving Loans	5,765	8,839
Revolving Loans Converted to Term Loans	2,324	178
Total non-accrual loans	9,527	9,307
Nonaccrual Loans with no related Allowance	4,464	6,198
Energy
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year		4,581
Fiscal Year Before Latest Fiscal Year		6,868
Two Years Before Latest Fiscal Year	5,977
Three Years Before Latest Fiscal Year		156
Revolving Loans	217,196	202,506
Revolving Loans Converted to Term Loans	863	107
Energy \| Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Revolving Loans	18	288
Total non-accrual loans	18	288
Nonaccrual Loans with no related Allowance	18	288
Commercial real estate - owner-occupied
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	50,093	69,308
Fiscal Year Before Latest Fiscal Year	61,279	98,946
Two Years Before Latest Fiscal Year	107,802	128,410
Three Years Before Latest Fiscal Year	119,304	65,454
Four Years Before Latest Fiscal Year	62,697	51,555
Five Or More Years Before Latest Fiscal Year	69,596	37,431
Revolving Loans	68,201	76,782
Revolving Loans Converted to Term Loans	44,333	38,367
Commercial real estate - owner-occupied \| Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Two Years Before Latest Fiscal Year		204
Total non-accrual loans		204
Nonaccrual Loans with no related Allowance		204
Commercial real estate - non-owner-occupied
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	283,082	487,579
Fiscal Year Before Latest Fiscal Year	349,360	862,407
Two Years Before Latest Fiscal Year	775,676	258,161
Three Years Before Latest Fiscal Year	209,018	167,169
Four Years Before Latest Fiscal Year	118,854	82,748
Five Or More Years Before Latest Fiscal Year	101,881	54,412
Revolving Loans	811,239	626,998
Revolving Loans Converted to Term Loans	153,844	146,060
Commercial real estate - non-owner-occupied \| Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Fiscal Year Before Latest Fiscal Year		713
Two Years Before Latest Fiscal Year		6,029
Three Years Before Latest Fiscal Year		1,698
Total non-accrual loans		8,440
Nonaccrual Loans with no related Allowance		1,698
Residential real estate
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	25,844	37,929
Fiscal Year Before Latest Fiscal Year	50,175	87,732
Two Years Before Latest Fiscal Year	93,497	87,226
Three Years Before Latest Fiscal Year	75,821	114,154
Four Years Before Latest Fiscal Year	96,346	36,792
Five Or More Years Before Latest Fiscal Year	90,737	62,288
Revolving Loans	43,747	37,795
Revolving Loans Converted to Term Loans	169	179
Residential real estate \| Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	253
Five Or More Years Before Latest Fiscal Year	199
Revolving Loans Converted to Term Loans	169	179
Total non-accrual loans	621	179
Nonaccrual Loans with no related Allowance		179
Consumer
Financing Receivable, Nonaccrual [Line Items]
Current Fiscal Year	2,371	11,591
Fiscal Year Before Latest Fiscal Year	3,449	6,037
Two Years Before Latest Fiscal Year	3,562	462
Three Years Before Latest Fiscal Year	292	77
Four Years Before Latest Fiscal Year	45	221
Five Or More Years Before Latest Fiscal Year	57	30
Revolving Loans	$ 13,628	18,960
Consumer \| Non-accrual
Financing Receivable, Nonaccrual [Line Items]
Fiscal Year Before Latest Fiscal Year		33
Total non-accrual loans		33
Nonaccrual Loans with no related Allowance		$ 33

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity

Schedule of computation of basic and diluted earnings per share


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(Dollars in thousands, except per share data)
Earnings per Common Share
Net Income	$	19,649	$	16,863	$	56,494	$	49,018
Less: preferred stock dividends		155		155		465		258
Net income available to common stockholders		19,494		16,708		56,029		48,760
Weighted average common shares		49,406,729		49,214,653		49,439,665		48,867,144
Earnings per common share	$	0.39	$	0.34	$	1.13	$	1.00
Diluted Earnings per Common Share
Net Income	$	19,649	$	16,863	$	56,494	$	49,018
Less: preferred stock dividends		155		155		465		258
Net income available to common stockholders		19,494		16,708		56,029		48,760
Weighted average common shares		49,406,729		49,214,653		49,439,665		48,867,144
Effect of dilutive shares		641,812		265,454		527,176		317,666
Weighted average dilutive common shares		50,048,541		49,480,107		49,966,841		49,184,810
Diluted earnings per common share	$	0.39	$	0.34	$	1.12	$	0.99
Stock-based awards not included because to do so would be antidilutive		126,662		881,351		165,237		914,519

Regulatory Matters (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total Capital to Risk-Weighted Assets
Actual, amount	$ 868,146	$ 807,018
Actual, ratio	0.118	0.112
Required to be Considered Adequately Capitalized, amount	$ 770,742	$ 756,285
Required to be Considered Adequately Capitalized, ratio	0.105	0.105
Tier I Capital to Risk-Weighted Assets
Actual, amount	$ 785,057	$ 727,723
Actual, ratio	0.107	0.101
Required to be Considered Adequately Capitalized, amount	$ 623,934	$ 612,231
Required to be Considered Adequately Capitalized, ratio	0.085	0.085
Common Equity Tier 1 to Risk-Weighted Assets
Actual, amount	$ 776,142	$ 718,855
Actual, ratio	0.106	0.100
Required to be Considered Adequately Capitalized, amount	$ 513,828	$ 504,190
Required to be Considered Adequately Capitalized, ratio	7.00%	7.00%
Tier I Capital to Average Assets
Actual, amount	$ 785,057	$ 727,723
Actual, ratio	0.102	0.100
Required to be Considered Adequately Capitalized, amount	$ 307,189	$ 292,517
Required to be Considered Adequately Capitalized, amount	0.040	0.040
Capital conservation buffer	0.025	0.025
Bank
Total Capital to Risk-Weighted Assets
Actual, amount	$ 855,496	$ 800,522
Actual, ratio	0.117	0.111
Required to be considered well capitalized, amount	$ 733,613	$ 719,705
Required to be considered well capitalized, ratio	0.100	0.100
Required to be Considered Adequately Capitalized, amount	$ 770,294	$ 755,691
Required to be Considered Adequately Capitalized, ratio	0.105	0.105
Tier I Capital to Risk-Weighted Assets
Actual, amount	$ 772,407	$ 721,227
Actual, ratio	0.105	0.100
Required to be considered well capitalized, amount	$ 586,891	$ 575,764
Required to be considered well capitalized, ratio	0.080	0.080
Required to be Considered Adequately Capitalized, amount	$ 623,571	$ 611,750
Required to be Considered Adequately Capitalized, ratio	0.085	0.085
Common Equity Tier 1 to Risk-Weighted Assets
Actual, amount	$ 772,407	$ 721,227
Actual, ratio	0.105	0.100
Required to be considered well capitalized, amount	$ 476,849	$ 467,809
Required to be considered well capitalized, ratio	6.50%	6.50%
Required to be Considered Adequately Capitalized, amount	$ 513,529	$ 503,794
Required to be Considered Adequately Capitalized, ratio	7.00%	7.00%
Tier I Capital to Average Assets
Actual, amount	$ 772,407	$ 721,227
Actual, ratio	0.101	0.099
Required to be considered well capitalized, amount	$ 384,094	$ 365,675
Required to be considered well capitalized, ratio	0.050	0.050
Required to be Considered Adequately Capitalized, amount	$ 307,275	$ 292,540
Required to be Considered Adequately Capitalized, amount	0.040	0.040

Securities - Narrative (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Securities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Realized loss	$ 0.0	$ 0.0
Accrued interest	$ 6.0	$ 7.0
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable	Interest Receivable
Private Equity Funds
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	$ 7.3
Collateralized Debt Obligations \| Asset Pledged as Collateral
Debt and Equity Securities, FV-NI [Line Items]
Securities pledged as collateral	$ 45.0	$ 40.0

Loans and Allowance for Credit Losses - Loans, Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Impaired [Line Items]
Amortized Cost of Collateral Dependent Loans	$ 6,104	$ 18,419
Related Allowance for Credit Losses	1,008	1,963
Amortized Cost of Collateral Dependent Loans with no related Allowance	4,482	8,567
Commercial and industrial
Financing Receivable, Impaired [Line Items]
Amortized Cost of Collateral Dependent Loans	6,086	9,308
Related Allowance for Credit Losses	1,008	1,392
Amortized Cost of Collateral Dependent Loans with no related Allowance	4,464	6,198
Energy
Financing Receivable, Impaired [Line Items]
Amortized Cost of Collateral Dependent Loans	18	288
Amortized Cost of Collateral Dependent Loans with no related Allowance	$ 18	288
Commercial real estate - owner-occupied
Financing Receivable, Impaired [Line Items]
Amortized Cost of Collateral Dependent Loans		204
Amortized Cost of Collateral Dependent Loans with no related Allowance		204
Commercial real estate - non-owner-occupied
Financing Receivable, Impaired [Line Items]
Amortized Cost of Collateral Dependent Loans		8,440
Related Allowance for Credit Losses		571
Amortized Cost of Collateral Dependent Loans with no related Allowance		1,698
Residential real estate
Financing Receivable, Impaired [Line Items]
Amortized Cost of Collateral Dependent Loans		179
Amortized Cost of Collateral Dependent Loans with no related Allowance		$ 179

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 25, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-39028
Entity Registrant Name	CROSSFIRST BANKSHARES, INC.
Entity Incorporation, State or Country Code	KS
Entity Tax Identification Number	26-3212879
Entity Address, Address Line One	11440 Tomahawk Creek Parkway
Entity Address, City or Town	Leawood
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
City Area Code	913
Local Phone Number	901-4516
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CFB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		49,300,685
Entity Central Index Key	0001458412
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Commitments and Credit Risk

9 Months Ended

Sep. 30, 2024

Commitments and Credit Risk

Commitments and Credit Risk

Note 12: Commitments and Credit Risk

The Company had the following commitments at September 30, 2024 and December 31, 2023:


	September 30, 2024		December 31, 2023

	(Dollars in thousands)
Commitments to originate loans	$	129,986	$	59,728
Standby letters of credit		73,726		74,139
Lines of credit		1,853,299		2,008,356
Future lease commitments		2,872		—
Commitment related to investment fund		2,639		4,206
Total	$	2,062,522	$	2,146,429

Change in Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2024

Change in Accumulated Other Comprehensive Loss

Change in Accumulated Other Comprehensive Loss

Note 8: Change in Accumulated Other Comprehensive Loss

Amounts reclassified from AOCI and the affected line items in the consolidated statements of operations were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the
	2024		2023		2024		2023		Statements of Operations

	(Dollars in thousands)
Realized gain (loss) on available-for-sale securities	$	59	$	(60)	$	59	$	3	Other non-interest income
Less: tax expense (benefit) effect		14		(14)		14		1	Income tax expense
Realized gain (loss) on available-for-sale securities, net of income tax		45		(46)		45		2
Loss on cash flow hedges		(1,319)		—		(3,776)		—	Interest income - Loans
Gain on cash flow hedges		226		93		624		102	Interest expense - Deposits
Less: tax (benefit) expense effect		(253)		22		(736)		24	Income tax expense
Net (loss) gain on cash flow hedges, net of tax		(840)		71		(2,416)		78
Total reclassified amount	$	(795)	$	25	$	(2,371)	$	80

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Nature of Operations and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying interim unaudited consolidated financial statements serve to update the CrossFirst Bankshares, Inc. Annual Report on Form 10-K for the year ended December 31, 2023 and include the consolidated accounts of Bankshares, the Bank, CFI, CFBSA I, LLC and CFBSA II, LLC (together, referred to herein as the “Company”). The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. However, they may not include all information and notes necessary to constitute a complete set of financial statements under GAAP applicable to annual periods and accordingly should be read in conjunction with the financial information contained in the Company's most recent Annual Report on Form 10-K. The unaudited consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. The results of operations for the interim period are not necessarily indicative of the results that may be expected for the full year or any other interim period. All amounts are in thousands, except share data, or as otherwise noted. GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the fair values of financial instruments, and the allowance for credit losses (“ACL”). Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from those estimates. The Company's significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in Note 1 of the audited financial statements and notes for the year ended December 31, 2023 and are contained in the Company's Annual Report on Form 10-K for that period. There have been no significant changes to the application of significant accounting policies since December 31, 2023.
Related Party Transactions	Related Party Transactions The Bank extends credit and receives deposits from related parties. In management’s opinion, the loans and deposits were made in the ordinary course of business and made on similar terms as those prevailing at the time with other persons. Related party loans totaled $10 million and $12 million, while related party deposits totaled $90 million and $106 million, at September 30, 2024 and December 31, 2023, respectively. Related parties also owned $6 million of the Company’s Series A Preferred Stock at September 30, 2024.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting pronouncements not yet adopted by the Company In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced disclosures on both an annual and interim basis about significant segment expenses, including for companies with only one reportable segment. This ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company expects to adopt this ASU as of December 31, 2024 and include the required disclosures in a segment reporting footnote in its year-end financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures which requires updates to rate reconciliation disclosures and information on income taxes paid on an annual basis. This ASU is effective on a prospective basis with retrospective application permitted for annual periods beginning after December 15, 2024. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures.

Goodwill and Core Deposit Intangible - Change In Goodwill And Core Deposit Intangible (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Core Deposit Intangible
Goodwill, Gross Carrying Amount	$ 14,135	$ 14,135
Goodwill, Net Carrying Amount	14,135	14,135
Goodwill and Core Deposit Intangible
Gross Carrying Amount, Core deposit intangible	21,938	21,938
Accumulated Amortization, Core deposit intangible	7,453	4,738
Net Carrying Amount, Core deposit intangible	14,485	17,200
Goodwill and Core Deposit Intangible
Gross Carrying Amount	36,073	36,073
Accumulated Amortization	7,453	4,738
Net Carrying Amount	$ 28,620	$ 31,335

Disclosure about Fair Value of Financial Instruments - Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial Assets
Available-for-sale securities	$ 783,995	$ 766,653
Restricted equity securities	3,715	3,950
Derivative assets	6,999	7,931
Financial Liabilities
Federal Home Loan Bank advances	76,221	77,889
Derivative liabilities	10,215	13,829
Carrying Amount
Financial Assets
Cash and cash equivalents	236,937	255,229
Available-for-sale securities	783,995	766,653
Loans, net of ACL	6,253,292	6,054,228
Restricted equity securities	3,715	3,950
Interest receivable	39,485	37,294
Equity securities	7,305	5,794
Derivative assets	6,720	7,581
Financial Liabilities
Deposits	6,634,276	6,491,276
Federal Home Loan Bank advances	76,221	77,889
Other borrowings	8,598	8,950
Interest payable	22,316	18,529
Derivative liabilities	9,742	13,594
Estimate of Fair Value Measurement \| Recurring Measurements \| Level 1
Financial Assets
Cash and cash equivalents	236,937	255,229
Financial Liabilities
Deposits	900,794	990,458
Estimate of Fair Value Measurement \| Recurring Measurements \| Level 2
Financial Assets
Available-for-sale securities	783,995	766,653
Interest receivable	39,485	37,294
Derivative assets	6,720	7,581
Financial Liabilities
Federal Home Loan Bank advances	73,242	72,123
Other borrowings	9,795	9,891
Interest payable	22,316	18,529
Derivative liabilities	9,742	13,594
Estimate of Fair Value Measurement \| Recurring Measurements \| Level 3
Financial Assets
Loans, net of ACL	6,295,504	6,036,887
Restricted equity securities	3,715	3,950
Equity securities	7,305	5,794
Financial Liabilities
Deposits	$ 5,791,397	$ 5,547,203

Consolidated Statements of Stockholders' Equity - Unaudited (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Statements of Stockholders' Equity - Unaudited
Preferred dividends (per share)	$ 20.00	$ 20.00	$ 60.00	$ 33.33

Loans and Allowance for Credit Losses - Charge-offs By Year of Origination (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Gross charge-offs by year of origination
2023	$ 419	$ 1,063
2022	44	259
2020		24
Revolving loans	1,159	1,826
Revolving loans converted to term loans		1,389
Gross Charge-offs	1,622	4,561
Commercial and industrial
Gross charge-offs by year of origination
2023	419	1,063
2022	21	37
2020		24
Revolving loans	1,159	1,826
Revolving loans converted to term loans		178
Gross Charge-offs	1,599	3,128
Commercial real estate - non-owner-occupied
Gross charge-offs by year of origination
2022	23	209
Revolving loans converted to term loans		1,211
Gross Charge-offs	$ 23	1,420
Consumer
Gross charge-offs by year of origination
2022		13
Gross Charge-offs		$ 13

Goodwill and Core Deposit Intangible - Core Deposit Intangible Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
For the three months ending December 31, 2024	$ 854
For the year ending December 31, 2025	3,155
For the year ending December 31, 2026	2,739
For the year ending December 31, 2027	2,325
For the year ending December 31, 2028	$ 1,909

Loans and Allowance for Credit Losses - Company's Loan Portfolio Internal Rating Categories Loan Segments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	$ 661,184	$ 1,005,445
Fiscal Year Before Latest Fiscal Year	716,463	1,322,974
Two Years Before Latest Fiscal Year	1,198,932	678,928
Three Years Before Latest Fiscal Year	544,298	404,847
Four Years Before Latest Fiscal Year	310,976	212,136
Five Or More Years Before Latest Fiscal Year	277,114	173,803
Revolving Loans	2,331,025	2,071,645
Revolving Loans Converted to Term Loans	291,057	257,912
Total Loans Receivable	6,331,049	6,127,690
Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	253
Fiscal Year Before Latest Fiscal Year	651	746
Two Years Before Latest Fiscal Year	47	6,499
Three Years Before Latest Fiscal Year	262	1,722
Five Or More Years Before Latest Fiscal Year	677
Revolving Loans	5,783	9,127
Revolving Loans Converted to Term Loans	2,493	357
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	644,570	966,682
Fiscal Year Before Latest Fiscal Year	683,215	1,292,876
Two Years Before Latest Fiscal Year	1,157,166	638,243
Three Years Before Latest Fiscal Year	504,346	389,881
Four Years Before Latest Fiscal Year	303,700	191,104
Five Or More Years Before Latest Fiscal Year	270,480	164,112
Revolving Loans	2,273,333	2,023,942
Revolving Loans Converted to Term Loans	267,355	235,006
Total Loans Receivable	6,104,165	5,901,846
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	11,082	12,537
Fiscal Year Before Latest Fiscal Year	17,618	27,475
Two Years Before Latest Fiscal Year	38,549	25,372
Three Years Before Latest Fiscal Year	33,219	4,597
Four Years Before Latest Fiscal Year	1,887	19,461
Five Or More Years Before Latest Fiscal Year	3,899	6,531
Revolving Loans	27,018	9,748
Revolving Loans Converted to Term Loans	2,905	3,751
Total Loans Receivable	136,177	109,472
Substandard \| Accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	5,279	26,226
Fiscal Year Before Latest Fiscal Year	14,979	1,877
Two Years Before Latest Fiscal Year	3,170	8,814
Three Years Before Latest Fiscal Year	6,471	8,647
Four Years Before Latest Fiscal Year	5,389	1,571
Five Or More Years Before Latest Fiscal Year	2,058	3,160
Revolving Loans	24,890	28,828
Revolving Loans Converted to Term Loans	18,305	18,798
Total Loans Receivable	80,541	97,921
Substandard \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	253
Fiscal Year Before Latest Fiscal Year	651	746
Two Years Before Latest Fiscal Year	47	6,499
Three Years Before Latest Fiscal Year	262	1,722
Five Or More Years Before Latest Fiscal Year	677
Revolving Loans	4,612	6,848
Revolving Loans Converted to Term Loans	637	357
Total Loans Receivable	7,139	16,172
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	1,172	2,279
Revolving Loans Converted to Term Loans	1,855
Total Loans Receivable	3,027	2,279
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	299,794	394,457
Fiscal Year Before Latest Fiscal Year	252,200	260,984
Two Years Before Latest Fiscal Year	212,418	204,669
Three Years Before Latest Fiscal Year	139,863	57,837
Four Years Before Latest Fiscal Year	33,034	40,820
Five Or More Years Before Latest Fiscal Year	14,843	19,642
Revolving Loans	1,177,014	1,108,604
Revolving Loans Converted to Term Loans	91,848	73,199
Total Loans Receivable	2,221,014	2,160,212
Commercial and industrial \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year	651
Two Years Before Latest Fiscal Year	47	266
Three Years Before Latest Fiscal Year	262	24
Five Or More Years Before Latest Fiscal Year	478
Revolving Loans	5,765	8,839
Revolving Loans Converted to Term Loans	2,324	178
Commercial and industrial \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	297,434	379,360
Fiscal Year Before Latest Fiscal Year	227,975	258,182
Two Years Before Latest Fiscal Year	197,696	193,302
Three Years Before Latest Fiscal Year	119,558	54,901
Four Years Before Latest Fiscal Year	32,895	38,762
Five Or More Years Before Latest Fiscal Year	12,589	18,801
Revolving Loans	1,119,666	1,061,365
Revolving Loans Converted to Term Loans	72,450	53,015
Total Loans Receivable	2,080,263	2,057,688
Commercial and industrial \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	682	2,442
Fiscal Year Before Latest Fiscal Year	11,572	925
Two Years Before Latest Fiscal Year	12,948	6,000
Three Years Before Latest Fiscal Year	14,859	2,674
Four Years Before Latest Fiscal Year		1,460
Five Or More Years Before Latest Fiscal Year	15	26
Revolving Loans	26,868	9,748
Revolving Loans Converted to Term Loans	1,008	3,175
Total Loans Receivable	67,952	26,450
Commercial and industrial \| Substandard \| Accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	1,678	12,655
Fiscal Year Before Latest Fiscal Year	12,002	1,877
Two Years Before Latest Fiscal Year	1,727	5,101
Three Years Before Latest Fiscal Year	5,184	238
Four Years Before Latest Fiscal Year	139	598
Five Or More Years Before Latest Fiscal Year	1,761	815
Revolving Loans	24,714	28,652
Revolving Loans Converted to Term Loans	16,067	16,831
Total Loans Receivable	63,272	66,767
Commercial and industrial \| Substandard \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year	651
Two Years Before Latest Fiscal Year	47	266
Three Years Before Latest Fiscal Year	262	24
Five Or More Years Before Latest Fiscal Year	478
Revolving Loans	4,612	6,848
Revolving Loans Converted to Term Loans	468	178
Total Loans Receivable	6,518	7,316
Commercial and industrial \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	1,154	1,991
Revolving Loans Converted to Term Loans	1,855
Total Loans Receivable	3,009	1,991
Energy
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year		4,581
Fiscal Year Before Latest Fiscal Year		6,868
Two Years Before Latest Fiscal Year	5,977
Three Years Before Latest Fiscal Year		156
Revolving Loans	217,196	202,506
Revolving Loans Converted to Term Loans	863	107
Total Loans Receivable	224,036	214,218
Energy \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	18	288
Energy \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year		4,581
Fiscal Year Before Latest Fiscal Year		6,868
Two Years Before Latest Fiscal Year	5,977
Three Years Before Latest Fiscal Year		156
Revolving Loans	217,178	202,218
Revolving Loans Converted to Term Loans	863	107
Total Loans Receivable	224,018	213,930
Energy \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans	18	288
Total Loans Receivable	18	288
Commercial real estate - owner-occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	50,093	69,308
Fiscal Year Before Latest Fiscal Year	61,279	98,946
Two Years Before Latest Fiscal Year	107,802	128,410
Three Years Before Latest Fiscal Year	119,304	65,454
Four Years Before Latest Fiscal Year	62,697	51,555
Five Or More Years Before Latest Fiscal Year	69,596	37,431
Revolving Loans	68,201	76,782
Revolving Loans Converted to Term Loans	44,333	38,367
Total Loans Receivable	583,305	566,253
Commercial real estate - owner-occupied \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Two Years Before Latest Fiscal Year		204
Commercial real estate - owner-occupied \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	39,630	56,236
Fiscal Year Before Latest Fiscal Year	56,401	92,148
Two Years Before Latest Fiscal Year	100,740	119,684
Three Years Before Latest Fiscal Year	109,668	62,072
Four Years Before Latest Fiscal Year	59,365	49,992
Five Or More Years Before Latest Fiscal Year	66,984	32,936
Revolving Loans	68,201	76,782
Revolving Loans Converted to Term Loans	41,535	36,263
Total Loans Receivable	542,524	526,113
Commercial real estate - owner-occupied \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	10,400	10,095
Fiscal Year Before Latest Fiscal Year	1,901	6,798
Two Years Before Latest Fiscal Year	5,619	8,522
Three Years Before Latest Fiscal Year	9,636	1,747
Four Years Before Latest Fiscal Year	1,714	793
Five Or More Years Before Latest Fiscal Year	2,612	2,448
Revolving Loans Converted to Term Loans	560	576
Total Loans Receivable	32,442	30,979
Commercial real estate - owner-occupied \| Substandard \| Accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	63	2,977
Fiscal Year Before Latest Fiscal Year	2,977
Two Years Before Latest Fiscal Year	1,443
Three Years Before Latest Fiscal Year		1,635
Four Years Before Latest Fiscal Year	1,618	770
Five Or More Years Before Latest Fiscal Year		2,047
Revolving Loans Converted to Term Loans	2,238	1,528
Total Loans Receivable	8,339	8,957
Commercial real estate - owner-occupied \| Substandard \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Two Years Before Latest Fiscal Year		204
Total Loans Receivable		204
Commercial real estate - non-owner-occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	283,082	487,579
Fiscal Year Before Latest Fiscal Year	349,360	862,407
Two Years Before Latest Fiscal Year	775,676	258,161
Three Years Before Latest Fiscal Year	209,018	167,169
Four Years Before Latest Fiscal Year	118,854	82,748
Five Or More Years Before Latest Fiscal Year	101,881	54,412
Revolving Loans	811,239	626,998
Revolving Loans Converted to Term Loans	153,844	146,060
Total Loans Receivable	2,802,954	2,685,534
Commercial real estate - non-owner-occupied \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year		713
Two Years Before Latest Fiscal Year		6,029
Three Years Before Latest Fiscal Year		1,698
Commercial real estate - non-owner-occupied \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	279,544	477,238
Fiscal Year Before Latest Fiscal Year	349,360	842,755
Two Years Before Latest Fiscal Year	756,177	242,405
Three Years Before Latest Fiscal Year	202,001	161,845
Four Years Before Latest Fiscal Year	115,238	65,540
Five Or More Years Before Latest Fiscal Year	100,315	50,062
Revolving Loans	811,239	626,998
Revolving Loans Converted to Term Loans	152,507	145,621
Total Loans Receivable	2,766,381	2,612,464
Commercial real estate - non-owner-occupied \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year		18,939
Two Years Before Latest Fiscal Year	19,499	7,331
Three Years Before Latest Fiscal Year	7,017
Four Years Before Latest Fiscal Year		17,208
Five Or More Years Before Latest Fiscal Year	1,269	4,052
Revolving Loans Converted to Term Loans	1,337
Total Loans Receivable	29,122	47,530
Commercial real estate - non-owner-occupied \| Substandard \| Accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	3,538	10,341
Two Years Before Latest Fiscal Year		2,396
Three Years Before Latest Fiscal Year		3,626
Four Years Before Latest Fiscal Year	3,616
Five Or More Years Before Latest Fiscal Year	297	298
Revolving Loans Converted to Term Loans		439
Total Loans Receivable	7,451	17,100
Commercial real estate - non-owner-occupied \| Substandard \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year		713
Two Years Before Latest Fiscal Year		6,029
Three Years Before Latest Fiscal Year		1,698
Total Loans Receivable		8,440
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	25,844	37,929
Fiscal Year Before Latest Fiscal Year	50,175	87,732
Two Years Before Latest Fiscal Year	93,497	87,226
Three Years Before Latest Fiscal Year	75,821	114,154
Four Years Before Latest Fiscal Year	96,346	36,792
Five Or More Years Before Latest Fiscal Year	90,737	62,288
Revolving Loans	43,747	37,795
Revolving Loans Converted to Term Loans	169	179
Total Loans Receivable	476,336	464,095
Residential real estate \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	253
Five Or More Years Before Latest Fiscal Year	199
Revolving Loans Converted to Term Loans	169	179
Residential real estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	25,591	37,676
Fiscal Year Before Latest Fiscal Year	46,030	86,919
Two Years Before Latest Fiscal Year	93,014	82,390
Three Years Before Latest Fiscal Year	72,827	110,853
Four Years Before Latest Fiscal Year	96,173	36,589
Five Or More Years Before Latest Fiscal Year	90,538	62,288
Revolving Loans	43,571	37,619
Total Loans Receivable	467,744	454,334
Residential real estate \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year	4,145	813
Two Years Before Latest Fiscal Year	483	3,519
Three Years Before Latest Fiscal Year	1,707	176
Four Years Before Latest Fiscal Year	173
Total Loans Receivable	6,508	4,508
Residential real estate \| Substandard \| Accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year		253
Two Years Before Latest Fiscal Year		1,317
Three Years Before Latest Fiscal Year	1,287	3,125
Four Years Before Latest Fiscal Year		203
Revolving Loans	176	176
Total Loans Receivable	1,463	5,074
Residential real estate \| Substandard \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	253
Five Or More Years Before Latest Fiscal Year	199
Revolving Loans Converted to Term Loans	169	179
Total Loans Receivable	621	179
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	2,371	11,591
Fiscal Year Before Latest Fiscal Year	3,449	6,037
Two Years Before Latest Fiscal Year	3,562	462
Three Years Before Latest Fiscal Year	292	77
Four Years Before Latest Fiscal Year	45	221
Five Or More Years Before Latest Fiscal Year	57	30
Revolving Loans	13,628	18,960
Total Loans Receivable	23,404	37,378
Consumer \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year		33
Consumer \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current Fiscal Year	2,371	11,591
Fiscal Year Before Latest Fiscal Year	3,449	6,004
Two Years Before Latest Fiscal Year	3,562	462
Three Years Before Latest Fiscal Year	292	54
Four Years Before Latest Fiscal Year	29	221
Five Or More Years Before Latest Fiscal Year	54	25
Revolving Loans	13,478	18,960
Total Loans Receivable	23,235	37,317
Consumer \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Five Or More Years Before Latest Fiscal Year	3	5
Revolving Loans	150
Total Loans Receivable	153	5
Consumer \| Substandard \| Accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Three Years Before Latest Fiscal Year		23
Four Years Before Latest Fiscal Year	16
Total Loans Receivable	$ 16	23
Consumer \| Substandard \| Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
Fiscal Year Before Latest Fiscal Year		33
Total Loans Receivable		$ 33

Nature of Operations and Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details)	Sep. 30, 2024
ASU 2023-07
Recent Accounting Pronouncements
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false
ASU 2023-09
Recent Accounting Pronouncements
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	false

- Definition

Indicates (true false) whether accounting standards update was adopted.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476173/280-10-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

+ Details

Disclosure about Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Disclosure about Fair Value of Financial Instruments

Schedule of assets and liabilities measured at fair value on a recurring basis


	September 30, 2024
	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3

	(Dollars in thousands)
Financial Assets
Cash and cash equivalents	$	236,937	$	236,937	$	—	$	—
Available-for-sale securities		783,995		—		783,995		—
Loans, net of allowance for credit losses		6,253,292		—		—		6,295,504
Restricted equity securities		3,715		—		—		3,715
Interest receivable		39,485		—		39,485		—
Equity securities		7,305		—		—		7,305
Derivative assets		6,720		—		6,720		—

Financial Liabilities
Deposits	$	6,634,276	$	900,794	$	—	$	5,791,397
Federal Home Loan Bank advances		76,221		—		73,242		—
Other borrowings		8,598		—		9,795		—
Interest payable		22,316		—		22,316		—
Derivative liabilities		9,742		—		9,742		—


	December 31, 2023
	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3

	(Dollars in thousands)
Financial Assets
Cash and cash equivalents	$	255,229	$	255,229	$	—	$	—
Available-for-sale securities		766,653		—		766,653		—
Loans, net of allowance for credit losses		6,054,228		—		—		6,036,887
Restricted equity securities		3,950		—		—		3,950
Interest receivable		37,294		—		37,294		—
Equity securities		5,794		—		—		5,794
Derivative assets		7,581		—		7,581		—

Financial Liabilities
Deposits	$	6,491,276	$	990,458	$	—	$	5,547,203
Federal Home Loan Bank advances		77,889		—		72,123		—
Other borrowings		8,950		—		9,891		—
Interest payable		18,529		—		18,529		—
Derivative liabilities		13,594		—		13,594		—

Schedule of fair value measurement of assets measured at fair value on a nonrecurring basis


			September 30, 2024
			Fair Value Measurements Using
			Quoted Prices in
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)

	(Dollars in thousands)
Collateral-dependent impaired loans	$	823	$	—	$	—	$	823
Foreclosed assets held-for-sale		5,286		—		—		5,286

December 31, 2023

Fair Value Measurements Using

Quoted Prices in

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Fair Value

(Level 1)

(Level 2)

(Level 3)

(Dollars in thousands)

Collateral-dependent impaired loans

10,570

—

10,570

Consolidated Statements of Financial Condition - Unaudited - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 236,937	$ 255,229
Available-for-sale securities - taxable	454,077	413,217
Available-for-sale securities - tax-exempt	329,918	353,436
Loans, net of unearned fees	6,331,049	6,127,690
Allowance for credit losses on loans	77,757	73,462
Loans, net of the allowance for credit losses on loans	6,253,292	6,054,228
Premises and equipment, net	68,990	70,869
Restricted equity securities	3,715	3,950
Interest receivable	39,485	37,294
Foreclosed assets held for sale	5,248
Goodwill and other intangible assets, net	28,620	31,335
Bank-owned life insurance	72,290	70,810
Other	89,620	90,312
Total assets	7,582,192	7,380,680
Deposits
Non-interest-bearing	900,794	990,458
Savings, NOW and money market	3,746,812	3,669,726
Time	1,986,670	1,831,092
Total deposits	6,634,276	6,491,276
Federal Home Loan Bank advances	76,221	77,889
Other borrowings	8,598	8,950
Interest payable and other liabilities	91,388	94,422
Total liabilities	6,810,483	6,672,537
Stockholders' equity
Preferred stock, $0.01 par value: Authorized - 5,000,000 shares; issued - 7,750 shares at September 30, 2024 and December 31, 2023	0	0
Common stock, $0.01 par value: Authorized - 200,000,000 shares; issued - 53,638,827 and 53,326,641 shares at September 30, 2024 and December 31, 2023, respectively	536	533
Treasury stock, at cost: 4,340,033 and 3,990,753 shares held at September 30, 2024 and December 31, 2023, respectively	(62,753)	(58,251)
Additional paid-in capital	547,138	543,556
Retained earnings	328,380	272,351
Accumulated other comprehensive loss	(41,592)	(50,046)
Total stockholders' equity	771,709	708,143
Total liabilities and stockholders' equity	$ 7,582,192	$ 7,380,680

Loans and Allowance for Credit Losses - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) loan item	Sep. 30, 2023 USD ($) item	Sep. 30, 2024 USD ($) loan item	Sep. 30, 2023 USD ($) item	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Carrying value of loans	$ 24,000		$ 24,000			$ 25,000
Accrued Interest	$ 33,000		$ 33,000			$ 30,000
Financial Asset, Amortized Cost, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable		Interest Receivable			Interest Receivable
Interest income recognized on nonaccrual loans	$ 0	$ 0	$ 0	$ 0
Drivers of Quarterly Change in the ACL
ACL increase (decrease)	1,500		4,300
Net charge offs	1,600		4,100
Increase (decrease) in reserve on unfunded commitments	400		(800)
Outstanding Balance	$ 13,500	$ 9,200	$ 13,500	$ 9,200
Number of contract \| item	3	0	3	0
Allowance for credit losses on off-balance sheet exposures	$ 5,613		$ 5,613		$ 5,213	$ 6,413
Credit Quality Metrics Including Improved Risk Ratings
Drivers of Quarterly Change in the ACL
ACL increase (decrease)	$ 3,500		$ 7,600
Commercial and industrial
Drivers of Quarterly Change in the ACL
Number of loans charged off \| loan	3		6
Increase (decrease) in reserve on unfunded commitments	$ 100		$ (71)
Allowance for credit losses on off-balance sheet exposures	883		$ 883		783	954
Commercial real estate - non-owner-occupied
Drivers of Quarterly Change in the ACL
Number of loans charged off \| loan			1
Increase (decrease) in reserve on unfunded commitments	306		$ (671)
Allowance for credit losses on off-balance sheet exposures	4,425		4,425		4,119	$ 5,096
Consumer
Drivers of Quarterly Change in the ACL
Increase (decrease) in reserve on unfunded commitments	3		7
Allowance for credit losses on off-balance sheet exposures	$ 7		$ 7		$ 4
Consumer \| Credit Card Accounts
Drivers of Quarterly Change in the ACL
Number of loans charged off \| loan			1

Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Available-for-sale debt securities
Amortized Cost	$ 837,687	$ 829,387
Gross Unrealized Gains	4,981	2,428
Gross Unrealized Losses	58,673	65,162
Approximate Fair Value	783,995	766,653
Federal agency obligations
Available-for-sale debt securities
Amortized Cost		9,988
Gross Unrealized Gains		84
Approximate Fair Value		10,072
U.S. Treasury securities
Available-for-sale debt securities
Amortized Cost		4,965
Gross Unrealized Gains		3
Approximate Fair Value		4,968
Mortgage-backed - GSE residential
Available-for-sale debt securities
Amortized Cost	239,492	233,203
Gross Unrealized Gains	1,570	629
Gross Unrealized Losses	17,954	21,370
Approximate Fair Value	223,108	212,462
Collateralized mortgage obligations - GSE residential
Available-for-sale debt securities
Amortized Cost	97,029	50,125
Gross Unrealized Gains	1,285	493
Gross Unrealized Losses	518	674
Approximate Fair Value	97,796	49,944
State and political subdivisions
Available-for-sale debt securities
Amortized Cost	371,365	396,349
Gross Unrealized Gains	163	497
Gross Unrealized Losses	39,514	40,949
Approximate Fair Value	332,014	355,897
Small Business Administration loan pools
Available-for-sale debt securities
Amortized Cost	120,221	125,017
Gross Unrealized Gains	1,963	722
Gross Unrealized Losses	1	961
Approximate Fair Value	122,183	124,778
Corporate bonds
Available-for-sale debt securities
Amortized Cost	9,580	9,740
Gross Unrealized Losses	686	1,208
Approximate Fair Value	$ 8,894	$ 8,532

Disclosure about Fair Value of Financial Instruments - Fair Value Measurement of Assets on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	$ 823	$ 10,570
Foreclosed assets held-for-sale	5,286
Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	823	10,570
Foreclosed assets held-for-sale	5,286
Nonrecurring Measurements \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral-dependent impaired loans	823	$ 10,570
Foreclosed assets held-for-sale	$ 5,286

Loans and Allowance for Credit Losses - Loan Aging Analysis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	$ 661,184	$ 1,005,445
Fiscal Year Before Latest Fiscal Year	716,463	1,322,974
Two Years Before Latest Fiscal Year	1,198,932	678,928
Three Years Before Latest Fiscal Year	544,298	404,847
Four Years Before Latest Fiscal Year	310,976	212,136
Five Or More Years Before Latest Fiscal Year	277,114	173,803
Revolving Loans	2,331,025	2,071,645
Revolving Loans Converted to Term Loans	291,057	257,912
Total Loans Receivable	6,331,049	6,127,690
30-59 days
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		250
Fiscal Year Before Latest Fiscal Year	19	403
Two Years Before Latest Fiscal Year	230	40
Three Years Before Latest Fiscal Year	307	589
Four Years Before Latest Fiscal Year	6
Five Or More Years Before Latest Fiscal Year	38	207
Revolving Loans	110	388
Revolving Loans Converted to Term Loans		151
Total Loans Receivable	710	2,028
60-89 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year	966
Two Years Before Latest Fiscal Year	81
Three Years Before Latest Fiscal Year	20
Four Years Before Latest Fiscal Year	24
Five Or More Years Before Latest Fiscal Year	2,134
Revolving Loans	250
Revolving Loans Converted to Term Loans	5
Total Loans Receivable	3,480
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	253	30
Fiscal Year Before Latest Fiscal Year	692	776
Two Years Before Latest Fiscal Year	1,632	7,897
Three Years Before Latest Fiscal Year	2,885	1,722
Four Years Before Latest Fiscal Year	173	199
Five Or More Years Before Latest Fiscal Year	677	307
Revolving Loans	11,746	11,264
Revolving Loans Converted to Term Loans	1,855	2,376
Total Loans Receivable	19,913	24,571
Total past due
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	253	280
Fiscal Year Before Latest Fiscal Year	1,677	1,179
Two Years Before Latest Fiscal Year	1,943	7,937
Three Years Before Latest Fiscal Year	3,212	2,311
Four Years Before Latest Fiscal Year	203	199
Five Or More Years Before Latest Fiscal Year	2,849	514
Revolving Loans	12,106	11,652
Revolving Loans Converted to Term Loans	1,860	2,527
Total Loans Receivable	24,103	26,599
Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	660,931	1,005,165
Fiscal Year Before Latest Fiscal Year	714,786	1,321,795
Two Years Before Latest Fiscal Year	1,196,989	670,991
Three Years Before Latest Fiscal Year	541,086	402,536
Four Years Before Latest Fiscal Year	310,773	211,937
Five Or More Years Before Latest Fiscal Year	274,265	173,289
Revolving Loans	2,318,919	2,059,993
Revolving Loans Converted to Term Loans	289,197	255,385
Total Loans Receivable	6,306,946	6,101,091
Greater than 90 days and accruing
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		30
Fiscal Year Before Latest Fiscal Year	41	30
Two Years Before Latest Fiscal Year	1,601	1,398
Three Years Before Latest Fiscal Year	2,623
Four Years Before Latest Fiscal Year	173	199
Five Or More Years Before Latest Fiscal Year		307
Revolving Loans	5,962	2,176
Revolving Loans Converted to Term Loans		2,199
Total Loans Receivable	10,400	6,339
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	299,794	394,457
Fiscal Year Before Latest Fiscal Year	252,200	260,984
Two Years Before Latest Fiscal Year	212,418	204,669
Three Years Before Latest Fiscal Year	139,863	57,837
Four Years Before Latest Fiscal Year	33,034	40,820
Five Or More Years Before Latest Fiscal Year	14,843	19,642
Revolving Loans	1,177,014	1,108,604
Revolving Loans Converted to Term Loans	91,848	73,199
Total Loans Receivable	2,221,014	2,160,212
Commercial and industrial \| 30-59 days
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		250
Fiscal Year Before Latest Fiscal Year	19	178
Two Years Before Latest Fiscal Year	43
Three Years Before Latest Fiscal Year	59	81
Five Or More Years Before Latest Fiscal Year		136
Revolving Loans	40	158
Revolving Loans Converted to Term Loans		151
Total Loans Receivable	161	954
Commercial and industrial \| 60-89 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year	137
Two Years Before Latest Fiscal Year	67
Five Or More Years Before Latest Fiscal Year	358
Revolving Loans	150
Revolving Loans Converted to Term Loans	5
Total Loans Receivable	717
Commercial and industrial \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		30
Fiscal Year Before Latest Fiscal Year	692	28
Two Years Before Latest Fiscal Year	1,632	347
Three Years Before Latest Fiscal Year	1,512	24
Four Years Before Latest Fiscal Year		199
Five Or More Years Before Latest Fiscal Year	478
Revolving Loans	8,121	10,800
Revolving Loans Converted to Term Loans	1,855	2,376
Total Loans Receivable	14,290	13,804
Commercial and industrial \| Total past due
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		280
Fiscal Year Before Latest Fiscal Year	848	206
Two Years Before Latest Fiscal Year	1,742	347
Three Years Before Latest Fiscal Year	1,571	105
Four Years Before Latest Fiscal Year		199
Five Or More Years Before Latest Fiscal Year	836	136
Revolving Loans	8,311	10,958
Revolving Loans Converted to Term Loans	1,860	2,527
Total Loans Receivable	15,168	14,758
Commercial and industrial \| Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	299,794	394,177
Fiscal Year Before Latest Fiscal Year	251,352	260,778
Two Years Before Latest Fiscal Year	210,676	204,322
Three Years Before Latest Fiscal Year	138,292	57,732
Four Years Before Latest Fiscal Year	33,034	40,621
Five Or More Years Before Latest Fiscal Year	14,007	19,506
Revolving Loans	1,168,703	1,097,646
Revolving Loans Converted to Term Loans	89,988	70,672
Total Loans Receivable	2,205,846	2,145,454
Commercial and industrial \| Greater than 90 days and accruing
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		30
Fiscal Year Before Latest Fiscal Year	41	28
Two Years Before Latest Fiscal Year	1,601	81
Three Years Before Latest Fiscal Year	1,250
Four Years Before Latest Fiscal Year		199
Revolving Loans	2,355	2,000
Revolving Loans Converted to Term Loans		2,199
Total Loans Receivable	5,247	4,537
Energy
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		4,581
Fiscal Year Before Latest Fiscal Year		6,868
Two Years Before Latest Fiscal Year	5,977
Three Years Before Latest Fiscal Year		156
Revolving Loans	217,196	202,506
Revolving Loans Converted to Term Loans	863	107
Total Loans Receivable	224,036	214,218
Energy \| 30-59 days
Financing Receivable, Past Due [Line Items]
Revolving Loans		30
Total Loans Receivable		30
Energy \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Revolving Loans	18	288
Total Loans Receivable	18	288
Energy \| Total past due
Financing Receivable, Past Due [Line Items]
Revolving Loans	18	318
Total Loans Receivable	18	318
Energy \| Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year		4,581
Fiscal Year Before Latest Fiscal Year		6,868
Two Years Before Latest Fiscal Year	5,977
Three Years Before Latest Fiscal Year		156
Revolving Loans	217,178	202,188
Revolving Loans Converted to Term Loans	863	107
Total Loans Receivable	224,018	213,900
Commercial real estate - owner-occupied
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	50,093	69,308
Fiscal Year Before Latest Fiscal Year	61,279	98,946
Two Years Before Latest Fiscal Year	107,802	128,410
Three Years Before Latest Fiscal Year	119,304	65,454
Four Years Before Latest Fiscal Year	62,697	51,555
Five Or More Years Before Latest Fiscal Year	69,596	37,431
Revolving Loans	68,201	76,782
Revolving Loans Converted to Term Loans	44,333	38,367
Total Loans Receivable	583,305	566,253
Commercial real estate - owner-occupied \| 30-59 days
Financing Receivable, Past Due [Line Items]
Three Years Before Latest Fiscal Year		371
Five Or More Years Before Latest Fiscal Year		71
Total Loans Receivable		442
Commercial real estate - owner-occupied \| 60-89 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year	829
Total Loans Receivable	829
Commercial real estate - owner-occupied \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Two Years Before Latest Fiscal Year		204
Total Loans Receivable		204
Commercial real estate - owner-occupied \| Total past due
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year	829
Two Years Before Latest Fiscal Year		204
Three Years Before Latest Fiscal Year		371
Five Or More Years Before Latest Fiscal Year		71
Total Loans Receivable	829	646
Commercial real estate - owner-occupied \| Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	50,093	69,308
Fiscal Year Before Latest Fiscal Year	60,450	98,946
Two Years Before Latest Fiscal Year	107,802	128,206
Three Years Before Latest Fiscal Year	119,304	65,083
Four Years Before Latest Fiscal Year	62,697	51,555
Five Or More Years Before Latest Fiscal Year	69,596	37,360
Revolving Loans	68,201	76,782
Revolving Loans Converted to Term Loans	44,333	38,367
Total Loans Receivable	582,476	565,607
Commercial real estate - non-owner-occupied
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	283,082	487,579
Fiscal Year Before Latest Fiscal Year	349,360	862,407
Two Years Before Latest Fiscal Year	775,676	258,161
Three Years Before Latest Fiscal Year	209,018	167,169
Four Years Before Latest Fiscal Year	118,854	82,748
Five Or More Years Before Latest Fiscal Year	101,881	54,412
Revolving Loans	811,239	626,998
Revolving Loans Converted to Term Loans	153,844	146,060
Total Loans Receivable	2,802,954	2,685,534
Commercial real estate - non-owner-occupied \| 30-59 days
Financing Receivable, Past Due [Line Items]
Two Years Before Latest Fiscal Year	99
Total Loans Receivable	99
Commercial real estate - non-owner-occupied \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		713
Two Years Before Latest Fiscal Year		6,029
Three Years Before Latest Fiscal Year		1,698
Five Or More Years Before Latest Fiscal Year		307
Total Loans Receivable		8,747
Commercial real estate - non-owner-occupied \| Total past due
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		713
Two Years Before Latest Fiscal Year	99	6,029
Three Years Before Latest Fiscal Year		1,698
Five Or More Years Before Latest Fiscal Year		307
Total Loans Receivable	99	8,747
Commercial real estate - non-owner-occupied \| Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	283,082	487,579
Fiscal Year Before Latest Fiscal Year	349,360	861,694
Two Years Before Latest Fiscal Year	775,577	252,132
Three Years Before Latest Fiscal Year	209,018	165,471
Four Years Before Latest Fiscal Year	118,854	82,748
Five Or More Years Before Latest Fiscal Year	101,881	54,105
Revolving Loans	811,239	626,998
Revolving Loans Converted to Term Loans	153,844	146,060
Total Loans Receivable	2,802,855	2,676,787
Commercial real estate - non-owner-occupied \| Greater than 90 days and accruing
Financing Receivable, Past Due [Line Items]
Five Or More Years Before Latest Fiscal Year		307
Total Loans Receivable		307
Residential real estate
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	25,844	37,929
Fiscal Year Before Latest Fiscal Year	50,175	87,732
Two Years Before Latest Fiscal Year	93,497	87,226
Three Years Before Latest Fiscal Year	75,821	114,154
Four Years Before Latest Fiscal Year	96,346	36,792
Five Or More Years Before Latest Fiscal Year	90,737	62,288
Revolving Loans	43,747	37,795
Revolving Loans Converted to Term Loans	169	179
Total Loans Receivable	476,336	464,095
Residential real estate \| 30-59 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		6
Two Years Before Latest Fiscal Year	44
Three Years Before Latest Fiscal Year	248	137
Five Or More Years Before Latest Fiscal Year	35
Total Loans Receivable	327	143
Residential real estate \| 60-89 days
Financing Receivable, Past Due [Line Items]
Four Years Before Latest Fiscal Year	24
Five Or More Years Before Latest Fiscal Year	1,776
Total Loans Receivable	1,800
Residential real estate \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	253
Two Years Before Latest Fiscal Year		1,317
Three Years Before Latest Fiscal Year	1,373
Four Years Before Latest Fiscal Year	173
Five Or More Years Before Latest Fiscal Year	199
Revolving Loans	3,557	176
Total Loans Receivable	5,555	1,493
Residential real estate \| Total past due
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	253
Fiscal Year Before Latest Fiscal Year		6
Two Years Before Latest Fiscal Year	44	1,317
Three Years Before Latest Fiscal Year	1,621	137
Four Years Before Latest Fiscal Year	197
Five Or More Years Before Latest Fiscal Year	2,010
Revolving Loans	3,557	176
Total Loans Receivable	7,682	1,636
Residential real estate \| Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	25,591	37,929
Fiscal Year Before Latest Fiscal Year	50,175	87,726
Two Years Before Latest Fiscal Year	93,453	85,909
Three Years Before Latest Fiscal Year	74,200	114,017
Four Years Before Latest Fiscal Year	96,149	36,792
Five Or More Years Before Latest Fiscal Year	88,727	62,288
Revolving Loans	40,190	37,619
Revolving Loans Converted to Term Loans	169	179
Total Loans Receivable	468,654	462,459
Residential real estate \| Greater than 90 days and accruing
Financing Receivable, Past Due [Line Items]
Two Years Before Latest Fiscal Year		1,317
Three Years Before Latest Fiscal Year	1,373
Four Years Before Latest Fiscal Year	173
Revolving Loans	3,557	176
Total Loans Receivable	5,103	1,493
Consumer
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	2,371	11,591
Fiscal Year Before Latest Fiscal Year	3,449	6,037
Two Years Before Latest Fiscal Year	3,562	462
Three Years Before Latest Fiscal Year	292	77
Four Years Before Latest Fiscal Year	45	221
Five Or More Years Before Latest Fiscal Year	57	30
Revolving Loans	13,628	18,960
Total Loans Receivable	23,404	37,378
Consumer \| 30-59 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		219
Two Years Before Latest Fiscal Year	44	40
Four Years Before Latest Fiscal Year	6
Five Or More Years Before Latest Fiscal Year	3
Revolving Loans	70	200
Total Loans Receivable	123	459
Consumer \| 60-89 days
Financing Receivable, Past Due [Line Items]
Two Years Before Latest Fiscal Year	14
Three Years Before Latest Fiscal Year	20
Revolving Loans	100
Total Loans Receivable	134
Consumer \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		35
Revolving Loans	50
Total Loans Receivable	50	35
Consumer \| Total past due
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		254
Two Years Before Latest Fiscal Year	58	40
Three Years Before Latest Fiscal Year	20
Four Years Before Latest Fiscal Year	6
Five Or More Years Before Latest Fiscal Year	3
Revolving Loans	220	200
Total Loans Receivable	307	494
Consumer \| Current
Financing Receivable, Past Due [Line Items]
Current Fiscal Year	2,371	11,591
Fiscal Year Before Latest Fiscal Year	3,449	5,783
Two Years Before Latest Fiscal Year	3,504	422
Three Years Before Latest Fiscal Year	272	77
Four Years Before Latest Fiscal Year	39	221
Five Or More Years Before Latest Fiscal Year	54	30
Revolving Loans	13,408	18,760
Total Loans Receivable	23,097	36,884
Consumer \| Greater than 90 days and accruing
Financing Receivable, Past Due [Line Items]
Fiscal Year Before Latest Fiscal Year		2
Revolving Loans	50
Total Loans Receivable	$ 50	$ 2

Goodwill and Core Deposit Intangible

9 Months Ended

Sep. 30, 2024

Goodwill and Core Deposit Intangible

Goodwill and Core Deposit Intangible

Note 5: Goodwill and Core Deposit Intangible

Goodwill is measured as the excess of the fair value of consideration paid over the fair value of net assets acquired. In accordance with GAAP, the Company performs annual tests to identify impairment of goodwill and more frequently if events or circumstances indicate a potential impairment may exist. No goodwill impairment was recorded during the nine months ended September 30, 2024.

The Company is amortizing the core deposit intangible (“CDI”) over its estimated useful life of approximately 10 years from the date of each respective acquisition using the sum of the years’ digits accelerated method.

The gross carrying amount of goodwill and the gross carrying amount and accumulated amortization of the CDI at September 30, 2024 and December 31, 2023 were as follows:


	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount

	(Dollars in thousands)
September 30, 2024
Goodwill	$	14,135	$	—	$	14,135
Core deposit intangible		21,938		7,453		14,485
Total goodwill and intangible assets	$	36,073	$	7,453	$	28,620
December 31, 2023
Goodwill	$	14,135	$	—	$	14,135
Core deposit intangible		21,938		4,738		17,200
Total goodwill and intangible assets	$	36,073	$	4,738	$	31,335

The estimated aggregate future amortization expense over the next five years for the CDI is as follows at September 30, 2024:


(Dollars in thousands)
For the three months ending December 31, 2024	$	854
For the year ending December 31, 2025		3,155
For the year ending December 31, 2026		2,739
For the year ending December 31, 2027		2,325
For the year ending December 31, 2028		1,909

Leases - Narrative (Details) - USD ($)	9 Months Ended
Leases - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Right-of-use asset	$ 28,000,000		$ 30,000,000
Lease liability	$ 31,000,000		$ 34,000,000
Weighted average remaining lease term	10 years 2 months 12 days
Weighted average discount rate	2.78%
Operating Lease, Payments	$ 2,900,000	$ 2,700,000
Operating cash flows paid for finance lease	400,000	$ 400,000
ROU assets that were exchanged for operating lease liabilities	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Lessee, Operating Lease, Renewal Term	5 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	18 years
Lessee, Operating Lease, Renewal Term	20 years

Derivatives and Hedging - Narrative (Details) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
Derivatives and Hedging - Narrative (Details) $ in Millions	Mar. 31, 2024 item	Sep. 30, 2024 USD ($) item contract	Dec. 31, 2022 item	Dec. 31, 2023 USD ($) item contract
Derivatives and Hedging
Collateral paid		$ 1.8		$ 1.0
Collateral received		$ 0.7		$ 1.5
Interest Rate Swap \| Designated as Hedging Instrument
Derivatives and Hedging
Number of cash flow hedges matured \| item		2
Number of cash flow hedges terminated \| item		2
Number of instruments \| item		1		5
Notional Amount		$ 250.0		$ 340.0
Derivative instruments to be reclassified to interest income in next 12 months		$ 0.5
Number of hedges terminated \| item	2		5
Maximum exposure period		2 years 3 months 18 days
Interest Rate Swap \| Not Designated as Hedging Instrument
Derivatives and Hedging
Number of instruments \| contract		50		46
Notional Amount		$ 356.0		$ 307.0
Credit Risk \| Not Designated as Hedging Instrument
Derivatives and Hedging
Number of instruments \| contract		13
Notional Amount		$ 71.0

Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases

Schedule of components of operating lease expense


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(Dollars in thousands)
Finance lease amortization of right-of-use asset	$	72	$	71	$	219	$	212
Finance lease interest on lease liability		65		67		197		204
Operating lease expense		863		726		2,587		2,189
Variable lease expense		357		487		998		1,368
Short-term lease expense		16		5		32		15
Total lease expense	$	1,373	$	1,356	$	4,033	$	3,988

Schedule of future minimum lease payments under operating lease


	Operating Leases		Finance Leases

	(Dollars in thousands)
Remainder of 2024	$	945	$	123
2025		3,806		490
2026		3,852		490
2027		3,847		528
2028		3,427		540
Thereafter		10,750		7,704
Total lease payments		26,627		9,875
Less: imputed interest		2,469		2,645
Total	$	24,158	$	7,230

Securities - Available-for-sale, Net Realized Gain (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Securities
Gross Realized Gains	$ 158	$ 68	$ 163	$ 335
Gross Realized Losses	(99)	(128)	(104)	(332)
Net Realized Gain (loss)	$ 59	$ (60)	$ 59	$ 3

Securities - Unrealized Losses (Details) $ in Thousands	Sep. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Less than 12 Months
Fair Value	$ 41,251	$ 149,187
Unrealized Losses	$ 151	$ 1,357
Number of Securities \| security	11	40
12 Months or More
Fair Value	$ 458,691	$ 441,846
Unrealized Losses	$ 58,522	$ 63,805
Number of Securities \| security	276	268
Total
Fair Value	$ 499,942	$ 591,033
Unrealized Losses	$ 58,673	$ 65,162
Number of Securities \| security	287	308
Mortgage-backed - GSE residential
Less than 12 Months
Fair Value	$ 2,536	$ 21,523
Unrealized Losses	$ 16	$ 56
Number of Securities \| security	2	5
12 Months or More
Fair Value	$ 130,091	$ 137,626
Unrealized Losses	$ 17,938	$ 21,314
Number of Securities \| security	51	52
Total
Fair Value	$ 132,627	$ 159,149
Unrealized Losses	$ 17,954	$ 21,370
Number of Securities \| security	53	57
Collateralized mortgage obligations - GSE residential
Less than 12 Months
Fair Value	$ 30,667	$ 17,707
Unrealized Losses	$ 69	$ 135
Number of Securities \| security	5	4
12 Months or More
Fair Value	$ 11,499	$ 8,469
Unrealized Losses	$ 449	$ 539
Number of Securities \| security	17	17
Total
Fair Value	$ 42,166	$ 26,176
Unrealized Losses	$ 518	$ 674
Number of Securities \| security	22	21
State and political subdivisions
Less than 12 Months
Fair Value	$ 8,048	$ 33,577
Unrealized Losses	$ 66	$ 207
Number of Securities \| security	4	20
12 Months or More
Fair Value	$ 308,136	$ 287,128
Unrealized Losses	$ 39,448	$ 40,742
Number of Securities \| security	200	190
Total
Fair Value	$ 316,184	$ 320,705
Unrealized Losses	$ 39,514	$ 40,949
Number of Securities \| security	204	210
Small Business Administration loan pools
Less than 12 Months
Fair Value		$ 76,380
Unrealized Losses		$ 959
Number of Securities \| security		11
12 Months or More
Fair Value	$ 70	$ 91
Unrealized Losses	$ 1	$ 2
Number of Securities \| security	4	4
Total
Fair Value	$ 70	$ 76,471
Unrealized Losses	$ 1	$ 961
Number of Securities \| security	4	15
Corporate bonds
12 Months or More
Fair Value	$ 8,895	$ 8,532
Unrealized Losses	$ 686	$ 1,208
Number of Securities \| security	4	5
Total
Fair Value	$ 8,895	$ 8,532
Unrealized Losses	$ 686	$ 1,208
Number of Securities \| security	4	5

Consolidated Statements of Cash Flows - Unaudited - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net income	$ 56,494	$ 49,018
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,217	7,041
Provision for credit losses	7,571	10,390
Accretion of discounts on loans	(1,414)	(2,029)
Accretion of discounts and amortization of premiums on securities	512	2,378
Stock-based compensation	4,165	3,711
Loss (gain) on disposal of fixed assets	50	(67)
Loss on sale of foreclosed assets and related impairments		80
Gain on sale of loans	(1,147)	(2,131)
Origination of loans held for sale	(1,612)	(36,972)
Proceeds from sale of loans held for sale	3,523	39,775
Deferred income taxes	(595)	(1,208)
Net increase in bank owned life insurance	(1,480)	(1,266)
Net realized gains on equity securities	(18)
Net realized gains on available-for-sale securities	(59)	(3)
Dividends on FHLB stock	(334)	(745)
Changes in:
Interest receivable	(2,191)	(5,612)
Other assets	1,058	2,132
Other liabilities	(476)	6,691
Net cash provided by operating activities	71,264	71,183
Investing Activities
Net change in loans	(212,432)	(470,706)
Purchases of available-for-sale and equity securities	(77,168)	(152,158)
Proceeds from maturities of available-for-sale securities	46,475	18,890
Proceeds from sale of available-for-sale and equity securities	20,371	67,230
Proceeds from the sale of foreclosed assets		1,050
Purchase of premises and equipment	(2,594)	(6,953)
Proceeds from the sale of premises and equipment and related insurance claims	145	67
Purchase of restricted equity securities	(11,156)	(10,290)
Proceeds from sale of restricted equity securities	11,742	21,006
Terminated cash flow hedges	(549)
Net cash activity from acquisitions		19,279
Net cash used in investing activities	(225,166)	(512,585)
Financing Activities
Net increase (decrease) in demand deposits, savings, NOW and money market accounts	(12,578)	(264,944)
Net increase in time deposits	155,578	779,701
Net increase in fed funds purchased and repurchase agreements		505
Net decrease in federal funds sold		(20,000)
Proceeds from Federal Home Loan Bank advances		22,414
Repayment of Federal Home Loan Bank advances	(1,845)	(77,295)
Net proceeds of lines of credit		(72,468)
Proceeds from issuance of preferred shares, net of issuance cost		7,750
Issuance of common shares, net of issuance cost	3	3
Proceeds from employee stock purchase plan	533	402
Repurchase of common stock	(4,500)
Acquisition of common stock for tax withholding obligations	(1,116)	(937)
Settlement of warrants		(418)
Dividends paid on preferred stock	(465)	(258)
Net cash provided by financing activities	135,610	374,455
Decrease in Cash and Cash Equivalents	(18,292)	(66,947)
Cash and Cash Equivalents, Beginning of Period	255,229	300,138
Cash and Cash Equivalents, End of Period	236,937	233,191
Supplemental Cash Flows Information
Interest paid	191,554	137,281
Income taxes paid	17,465	$ 17,614
Repossessed assets in settlement of loans	$ 5,248

Change in Accumulated Other Comprehensive Loss - Amounts Reclassified from AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Change in Accumulated Other Comprehensive Loss
Realized gain (loss) on available-for-sale securities	$ 59	$ (60)	$ 59	$ 3
Less: tax expense (benefit) effect	14	(14)	14	1
Realized gain (loss) on available-for-sale securities, net of income tax	45	(46)	45	2
Loss on cash flow hedges	(1,319)		(3,776)
Gain on cash flow hedges	226	93	624	102
Less: tax (benefit) expense effect	(253)	22	(736)	24
Net (loss) gain on cash flow hedges, net of tax	(840)	71	(2,416)	78
Total reclassified amount	$ (795)	$ 25	$ (2,371)	$ 80

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References + Details

Commitments and Credit Risk - Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Total commitments	$ 2,062,522	$ 2,146,429
Commitments to originate loans
Loss Contingencies [Line Items]
Total commitments	129,986	59,728
Standby letters of credit
Loss Contingencies [Line Items]
Total commitments	73,726	74,139
Line of credit
Loss Contingencies [Line Items]
Total commitments	1,853,299	2,008,356
Future lease commitments
Loss Contingencies [Line Items]
Total commitments	2,872
Commitment related to investment fund
Loss Contingencies [Line Items]
Total commitments	$ 2,639	$ 4,206

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2024

Loans and Allowance for Credit Losses

Schedule of Category of Loans


	September 30, 2024				December 31, 2023

	Amount		% of Loans		Amount		% of Loans

	(Dollars in thousands)
Commercial and industrial	$	2,221,014	35	%	$	2,160,212	35	%
Energy		224,036	4			214,218	3
Commercial real estate - owner-occupied		583,305	9			566,253	9
Commercial real estate - non-owner-occupied		2,802,954	44			2,685,534	44
Residential real estate		476,336	8			464,095	8
Consumer		23,404	-			37,378	1
Loans, net of unearned fees		6,331,049	100	%		6,127,690	100	%
Less: Allowance for credit losses on loans		(77,757)				(73,462)
Loans, net of the allowance for credit losses on loans	$	6,253,292			$	6,054,228

Schedule of Loan Portfolio Internal Rating Categories Loan Segments


	As of September 30, 2024
	Amortized Cost Basis by Origination Year and Internal Risk Rating												Amortized Cost Basis
	2024		2023		2022		2021		2020		2019 and Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total

	(Dollars in thousands)
Commercial and industrial
Pass	$	297,434	$	227,975	$	197,696	$	119,558	$	32,895	$	12,589	$	1,119,666	$	72,450	$	2,080,263
Special mention		682		11,572		12,948		14,859		—		15		26,868		1,008		67,952
Substandard - accrual		1,678		12,002		1,727		5,184		139		1,761		24,714		16,067		63,272
Substandard - non-accrual		—		651		47		262		—		478		4,612		468		6,518
Doubtful		—		—		—		—		—		—		1,154		1,855		3,009
Loss		—		—		—		—		—		—		—		—		—
Total	$	299,794	$	252,200	$	212,418	$	139,863	$	33,034	$	14,843	$	1,177,014	$	91,848	$	2,221,014
Energy
Pass	$	—	$	—	$	5,977	$	—	$	—	$	—	$	217,178	$	863	$	224,018
Special mention		—		—		—		—		—		—		—		—		—
Substandard - accrual		—		—		—		—		—		—		—		—		—
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		18		—		18
Loss		—		—		—		—		—		—		—		—		—
Total	$	-	$	-	$	5,977	$	-	$	-	$	-	$	217,196	$	863	$	224,036
Commercial real estate - owner-occupied
Pass	$	39,630	$	56,401	$	100,740	$	109,668	$	59,365	$	66,984	$	68,201	$	41,535	$	542,524
Special mention		10,400		1,901		5,619		9,636		1,714		2,612		—		560		32,442
Substandard - accrual		63		2,977		1,443		—		1,618		—		—		2,238		8,339
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	50,093	$	61,279	$	107,802	$	119,304	$	62,697	$	69,596	$	68,201	$	44,333	$	583,305
Commercial real estate - non-owner-occupied
Pass	$	279,544	$	349,360	$	756,177	$	202,001	$	115,238	$	100,315	$	811,239	$	152,507	$	2,766,381
Special mention		—		—		19,499		7,017		—		1,269		—		1,337		29,122
Substandard - accrual		3,538		—		—		—		3,616		297		—		—		7,451
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	283,082	$	349,360	$	775,676	$	209,018	$	118,854	$	101,881	$	811,239	$	153,844	$	2,802,954
Residential real estate
Pass	$	25,591	$	46,030	$	93,014	$	72,827	$	96,173	$	90,538	$	43,571	$	—	$	467,744
Special mention		—		4,145		483		1,707		173		—		—		—		6,508
Substandard - accrual		—		—		—		1,287		—		—		176		—		1,463
Substandard - non-accrual		253		—		—		—		—		199		—		169		621
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	25,844	$	50,175	$	93,497	$	75,821	$	96,346	$	90,737	$	43,747	$	169	$	476,336
Consumer
Pass	$	2,371	$	3,449	$	3,562	$	292	$	29	$	54	$	13,478	$	—	$	23,235
Special mention		—		—		—		—		—		3		150		—		153
Substandard - accrual		—		—		—		—		16		—		—		—		16
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	2,371	$	3,449	$	3,562	$	292	$	45	$	57	$	13,628	$	-	$	23,404
Total
Pass	$	644,570	$	683,215	$	1,157,166	$	504,346	$	303,700	$	270,480	$	2,273,333	$	267,355	$	6,104,165
Special mention		11,082		17,618		38,549		33,219		1,887		3,899		27,018		2,905		136,177
Substandard - accrual		5,279		14,979		3,170		6,471		5,389		2,058		24,890		18,305		80,541
Substandard - non-accrual		253		651		47		262		—		677		4,612		637		7,139
Doubtful		—		—		—		—		—		—		1,172		1,855		3,027
Loss		—		—		—		—		—		—		—		—		—
Total	$	661,184	$	716,463	$	1,198,932	$	544,298	$	310,976	$	277,114	$	2,331,025	$	291,057	$	6,331,049


	As of December 31, 2023
	Amortized Cost Basis by Origination Year and Internal Risk Rating												Amortized Cost Basis
	2023		2022		2021		2020		2019		2018 and Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total

	(Dollars in thousands)
Commercial and industrial
Pass	$	379,360	$	258,182	$	193,302	$	54,901	$	38,762	$	18,801	$	1,061,365	$	53,015	$	2,057,688
Special mention		2,442		925		6,000		2,674		1,460		26		9,748		3,175		26,450
Substandard - accrual		12,655		1,877		5,101		238		598		815		28,652		16,831		66,767
Substandard - non-accrual		—		—		266		24		—		—		6,848		178		7,316
Doubtful		—		—		—		—		—		—		1,991		—		1,991
Loss		—		—		—		—		—		—		—		—		—
Total	$	394,457	$	260,984	$	204,669	$	57,837	$	40,820	$	19,642	$	1,108,604	$	73,199	$	2,160,212
Energy
Pass	$	4,581	$	6,868	$	—	$	156	$	—	$	—	$	202,218	$	107	$	213,930
Special mention		—		—		—		—		—		—		—		—		—
Substandard - accrual		—		—		—		—		—		—		—		—		—
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		288		—		288
Loss		—		—		—		—		—		—		—		—		—
Total	$	4,581	$	6,868	$	—	$	156	$	—	$	—	$	202,506	$	107	$	214,218
Commercial real estate - owner-occupied
Pass	$	56,236	$	92,148	$	119,684	$	62,072	$	49,992	$	32,936	$	76,782	$	36,263	$	526,113
Special mention		10,095		6,798		8,522		1,747		793		2,448		—		576		30,979
Substandard - accrual		2,977		—		—		1,635		770		2,047		—		1,528		8,957
Substandard - non-accrual		—		—		204		—		—		—		—		—		204
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	69,308	$	98,946	$	128,410	$	65,454	$	51,555	$	37,431	$	76,782	$	38,367	$	566,253
Commercial real estate - non-owner-occupied
Pass	$	477,238	$	842,755	$	242,405	$	161,845	$	65,540	$	50,062	$	626,998	$	145,621	$	2,612,464
Special mention		—		18,939		7,331		—		17,208		4,052		—		—		47,530
Substandard - accrual		10,341		—		2,396		3,626		—		298		—		439		17,100
Substandard - non-accrual		—		713		6,029		1,698		—		—		—		—		8,440
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	487,579	$	862,407	$	258,161	$	167,169	$	82,748	$	54,412	$	626,998	$	146,060	$	2,685,534
Residential real estate
Pass	$	37,676	$	86,919	$	82,390	$	110,853	$	36,589	$	62,288	$	37,619	$	—	$	454,334
Special mention		—		813		3,519		176		—		—		—		—		4,508
Substandard - accrual		253		—		1,317		3,125		203		—		176		—		5,074
Substandard - non-accrual		—		—		—		—		—		—		—		179		179
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	37,929	$	87,732	$	87,226	$	114,154	$	36,792	$	62,288	$	37,795	$	179	$	464,095
Consumer
Pass	$	11,591	$	6,004	$	462	$	54	$	221	$	25	$	18,960	$	—	$	37,317
Special mention		—		—		—		—		—		5		—		—		5
Substandard - accrual		—		—		—		23		—		—		—		—		23
Substandard - non-accrual		—		33		—		—		—		—		—		—		33
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	11,591	$	6,037	$	462	$	77	$	221	$	30	$	18,960	$	—	$	37,378
Total
Pass	$	966,682	$	1,292,876	$	638,243	$	389,881	$	191,104	$	164,112	$	2,023,942	$	235,006	$	5,901,846
Special mention		12,537		27,475		25,372		4,597		19,461		6,531		9,748		3,751		109,472
Substandard - accrual		26,226		1,877		8,814		8,647		1,571		3,160		28,828		18,798		97,921
Substandard - non-accrual		—		746		6,499		1,722		—		—		6,848		357		16,172
Doubtful		—		—		—		—		—		—		2,279		—		2,279
Loss		—		—		—		—		—		—		—		—		—
Total	$	1,005,445	$	1,322,974	$	678,928	$	404,847	$	212,136	$	173,803	$	2,071,645	$	257,912	$	6,127,690

Schedule of Loan Aging Analysis


	As of September 30, 2024
	Amortized Cost Basis by Origination Year and Past Due Status												Amortized Cost Basis
															Revolving loans
											2019 and				converted to
	2024		2023		2022		2021		2020		Prior		Revolving loans		term loans		Total

	(Dollars in thousands)
Commercial and industrial
30-59 days	$	-	$	19	$	43	$	59	$	-	$	-	$	40	$	-	$	161
60-89 days		-		137		67		-		-		358		150		5		717
Greater than 90 days		-		692		1,632		1,512		-		478		8,121		1,855		14,290
Total past due		-		848		1,742		1,571		-		836		8,311		1,860		15,168
Current		299,794		251,352		210,676		138,292		33,034		14,007		1,168,703		89,988		2,205,846
Total	$	299,794	$	252,200	$	212,418	$	139,863	$	33,034	$	14,843	$	1,177,014	$	91,848	$	2,221,014
Greater than 90 days and accruing	$	-	$	41	$	1,601	$	1,250	$	-	$	-	$	2,355	$	-	$	5,247
Energy
30-59 days	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
60-89 days		-		-		-		-		-		-		-		-		-
Greater than 90 days		-		-		-		-		-		-		18		-		18
Total past due		-		-		-		-		-		-		18		-		18
Current		-		-		5,977		-		-		-		217,178		863		224,018
Total	$	-	$	-	$	5,977	$	-	$	-	$	-	$	217,196	$	863	$	224,036
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial real estate - owner-occupied
30-59 days	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
60-89 days		-		829		-		-		-		-		-		-		829
Greater than 90 days		-		-		-		-		-		-		-		-		-
Total past due		-		829		-		-		-		-		-		-		829
Current		50,093		60,450		107,802		119,304		62,697		69,596		68,201		44,333		582,476
Total	$	50,093	$	61,279	$	107,802	$	119,304	$	62,697	$	69,596	$	68,201	$	44,333	$	583,305
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial real estate - non-owner-occupied
30-59 days	$	-	$	-	$	99	$	-	$	-	$	-	$	-	$	-	$	99
60-89 days		-		-		-		-		-		-		-		-		-
Greater than 90 days		-		-		-		-		-		-		-		-		-
Total past due		-		-		99		-		-		-		-		-		99
Current		283,082		349,360		775,577		209,018		118,854		101,881		811,239		153,844		2,802,855
Total	$	283,082	$	349,360	$	775,676	$	209,018	$	118,854	$	101,881	$	811,239	$	153,844	$	2,802,954
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Residential real estate
30-59 days	$	-	$	-	$	44	$	248	$	-	$	35	$	-	$	-	$	327
60-89 days		-		-		-		-		24		1,776		-		-		1,800
Greater than 90 days		253		-		-		1,373		173		199		3,557		-		5,555
Total past due		253		-		44		1,621		197		2,010		3,557		-		7,682
Current		25,591		50,175		93,453		74,200		96,149		88,727		40,190		169		468,654
Total	$	25,844	$	50,175	$	93,497	$	75,821	$	96,346	$	90,737	$	43,747	$	169	$	476,336
Greater than 90 days and accruing	$	-	$	-	$	-	$	1,373	$	173	$	-	$	3,557	$	-	$	5,103
Consumer
30-59 days	$	-	$	-	$	44	$	-	$	6	$	3	$	70	$	-	$	123
60-89 days		-		-		14		20		-		-		100		-		134
Greater than 90 days		-		-		-		-		-		-		50		-		50
Total past due		-		-		58		20		6		3		220		-		307
Current		2,371		3,449		3,504		272		39		54		13,408		-		23,097
Total	$	2,371	$	3,449	$	3,562	$	292	$	45	$	57	$	13,628	$	-	$	23,404
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	50	$	-	$	50
Total
30-59 days	$	-	$	19	$	230	$	307	$	6	$	38	$	110	$	-	$	710
60-89 days		-		966		81		20		24		2,134		250		5		3,480
Greater than 90 days		253		692		1,632		2,885		173		677		11,746		1,855		19,913
Total past due		253		1,677		1,943		3,212		203		2,849		12,106		1,860		24,103
Current		660,931		714,786		1,196,989		541,086		310,773		274,265		2,318,919		289,197		6,306,946
Total	$	661,184	$	716,463	$	1,198,932	$	544,298	$	310,976	$	277,114	$	2,331,025	$	291,057	$	6,331,049
Greater than 90 days and accruing	$	-	$	41	$	1,601	$	2,623	$	173	$	-	$	5,962	$	-	$	10,400


	As of December 31, 2023
	Amortized Cost Basis by Origination Year and Past Due Status												Amortized Cost Basis
															Revolving loans
											2018 and				converted to
	2023		2022		2021		2020		2019		Prior		Revolving loans		term loans		Total

	(Dollars in thousands)
Commercial and industrial
30-59 days	$	250	$	178	$	—	$	81	$	—	$	136	$	158	$	151	$	954
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		30		28		347		24		199		—		10,800		2,376		13,804
Total past due		280		206		347		105		199		136		10,958		2,527		14,758
Current		394,177		260,778		204,322		57,732		40,621		19,506		1,097,646		70,672		2,145,454
Total	$	394,457	$	260,984	$	204,669	$	57,837	$	40,820	$	19,642	$	1,108,604	$	73,199	$	2,160,212
Greater than 90 days and accruing	$	30	$	28	$	81	$	—	$	199	$	—	$	2,000	$	2,199	$	4,537
Energy
30-59 days	$	—	$	—	$	—	$	—	$	—	$	—	$	30	$	—	$	30
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		—		—		—		—		—		288		—		288
Total past due		—		—		—		—		—		—		318		—		318
Current		4,581		6,868		—		156		—		—		202,188		107		213,900
Total	$	4,581	$	6,868	$	—	$	156	$	—	$	—	$	202,506	$	107	$	214,218
Greater than 90 days and accruing	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate - owner-occupied
30-59 days	$	—	$	—	$	—	$	371	$	—	$	71	$	—	$	—	$	442
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		—		204		—		—		—		—		—		204
Total past due		—		—		204		371		—		71		—		—		646
Current		69,308		98,946		128,206		65,083		51,555		37,360		76,782		38,367		565,607
Total	$	69,308	$	98,946	$	128,410	$	65,454	$	51,555	$	37,431	$	76,782	$	38,367	$	566,253
Greater than 90 days and accruing	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate - non-owner-occupied
30-59 days	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		713		6,029		1,698		—		307		—		—		8,747
Total past due		—		713		6,029		1,698		—		307		—		—		8,747
Current		487,579		861,694		252,132		165,471		82,748		54,105		626,998		146,060		2,676,787
Total	$	487,579	$	862,407	$	258,161	$	167,169	$	82,748	$	54,412	$	626,998	$	146,060	$	2,685,534
Greater than 90 days and accruing	$	—	$	—	$	—	$	—	$	—	$	307	$	—	$	—	$	307
Residential real estate
30-59 days	$	—	$	6	$	—	$	137	$	—	$	—	$	—	$	—	$	143
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		—		1,317		—		—		—		176		—		1,493
Total past due		—		6		1,317		137		—		—		176		—		1,636
Current		37,929		87,726		85,909		114,017		36,792		62,288		37,619		179		462,459
Total	$	37,929	$	87,732	$	87,226	$	114,154	$	36,792	$	62,288	$	37,795	$	179	$	464,095
Greater than 90 days and accruing	$	—	$	—	$	1,317	$	—	$	—	$	—	$	176	$	—	$	1,493
Consumer
30-59 days	$	—	$	219	$	40	$	—	$	—	$	—	$	200	$	—	$	459
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		35		—		—		—		—		—		—		35
Total past due		—		254		40		—		—		—		200		—		494
Current		11,591		5,783		422		77		221		30		18,760		—		36,884
Total	$	11,591	$	6,037	$	462	$	77	$	221	$	30	$	18,960	$	—	$	37,378
Greater than 90 days and accruing	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	—	$	2
Total
30-59 days	$	250	$	403	$	40	$	589	$	—	$	207	$	388	$	151	$	2,028
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		30		776		7,897		1,722		199		307		11,264		2,376		24,571
Total past due		280		1,179		7,937		2,311		199		514		11,652		2,527		26,599
Current		1,005,165		1,321,795		670,991		402,536		211,937		173,289		2,059,993		255,385		6,101,091
Total	$	1,005,445	$	1,322,974	$	678,928	$	404,847	$	212,136	$	173,803	$	2,071,645	$	257,912	$	6,127,690
Greater than 90 days and accruing	$	30	$	30	$	1,398	$	—	$	199	$	307	$	2,176	$	2,199	$	6,339

Schedule of Nonaccrual Loans


As of September 30, 2024
	Amortized Cost Basis by Origination Year												Amortized Cost Basis
															Revolving				Non-accrual
															loans				Loans with
											2019 and		Revolving		converted		Total Non-		no related
	2024		2023		2022		2021		2020		Prior		loans		to term loans		accrual Loans		Allowance

	(Dollars in thousands)
Commercial and industrial	$	—	$	651	$	47	$	262	$	—	$	478	$	5,765	$	2,324	$	9,527	$	4,464
Energy		—		—		—		—		—		—		18		—		18		18
Commercial real estate - owner-occupied		—		—		—		—		—		—		—		—		—		—
Commercial real estate - non-owner-occupied		—		—		—		—		—		—		—		—		—		—
Residential real estate		253		—		—		—		—		199		—		169		621		—
Consumer		—		—		—		—		—		—		—		—		—		—
Total	$	253	$	651	$	47	$	262	$	—	$	677	$	5,783	$	2,493	$	10,166	$	4,482


As of December 31, 2023
	Amortized Cost Basis by Origination Year												Amortized Cost Basis
															Revolving				Non-accrual
															loans				Loans with
											2018 and		Revolving		converted		Total Non-		no related
	2023		2022		2021		2020		2019		Prior		loans		to term loans		accrual Loans		Allowance

	(Dollars in thousands)
Commercial and industrial	$	—	$	—	$	266	$	24	$	—	$	—	$	8,839	$	178	$	9,307	$	6,198
Energy		—		—		—		—		—		—		288		—		288		288
Commercial real estate - owner-occupied		—		—		204		—		—		—		—		—		204		204
Commercial real estate - non-owner-occupied		—		713		6,029		1,698		—		—		—		—		8,440		1,698
Residential real estate		—		—		—		—		—		—		—		179		179		179
Consumer		—		33		—		—		—		—		—		—		33		33
Total	$	—	$	746	$	6,499	$	1,722	$	—	$	—	$	9,127	$	357	$	18,451	$	8,600

Summary of Allowance for Credit Losses


	For the Three Months Ended September 30, 2024

					Commercial		Commercial
					Real Estate		Real Estate
	Commercial				Owner-		Non-owner-		Residential
	and Industrial		Energy		Occupied		Occupied		Real Estate		Consumer		Total

	(Dollars in thousands)
Allowance for Credit Losses:
Beginning balance	$	33,627	$	3,325	$	6,691	$	29,082	$	3,423	$	70	$	76,218
Charge-offs		(1,599)		—		—		(23)		—		—		(1,622)
Recoveries		24		—		—		4		—		—		28
Provision (release)		1,896		(126)		(596)		2,137		(337)		159		3,133
Ending balance	$	33,948	$	3,199	$	6,095	$	31,200	$	3,086	$	229	$	77,757
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures:
Beginning balance	$	783	$	133	$	107	$	4,119	$	67	$	4	$	5,213
Provision (release)		100		—		—		306		(9)		3		400
Ending balance	$	883	$	133	$	107	$	4,425	$	58	$	7	$	5,613


	For the Nine Months Ended September 30, 2024

					Commercial		Commercial
					Real Estate		Real Estate
	Commercial				Owner-		Non-owner-		Residential
	and Industrial		Energy		Occupied		Occupied		Real Estate		Consumer		Total

	(Dollars in thousands)
Allowance for Credit Losses:
Beginning balance	$	32,244	$	3,143	$	6,445	$	28,130	$	3,456	$	44	$	73,462
Charge-offs		(3,128)		—		—		(1,420)		—		(13)		(4,561)
Recoveries		104		118		—		4		259		—		485
Provision (release)		4,728		(62)		(350)		4,486		(629)		198		8,371
Ending balance	$	33,948	$	3,199	$	6,095	$	31,200	$	3,086	$	229	$	77,757
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures:
Beginning balance	$	954	$	149	$	125	$	5,096	$	89	$	—	$	6,413
Provision (release)		(71)		(16)		(18)		(671)		(31)		7		(800)
Ending balance	$	883	$	133	$	107	$	4,425	$	58	$	7	$	5,613

Net Charge-offs By Year of Origination


	For the Three Months Ended September 30, 2024
	Gross Charge-offs by Origination Year												Gross Charge-offs
															Revolving
															loans
															converted		Gross
											2019 and		Revolving		to term		Charge-
	2024		2023		2022		2021		2020		Prior		loans		loans		offs

	(Dollars in thousands)
Commercial and industrial	$	—	$	419	$	21	$	—	$	—	$	—	$	1,159	$	—	$	1,599
Energy		—		—		—		—		—		—		—		—		—
Commercial real estate - owner-occupied		—		—		—		—		—		—		—		—		—
Commercial real estate - non-owner-occupied		—		—		23		—		—		—		—		—		23
Residential real estate		—		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—		—
Total	$	—	$	419	$	44	$	—	$	—	$	—	$	1,159	$	—	$	1,622


	For the Nine Months Ended September 30, 2024
	Gross Charge-offs by Origination Year												Gross Charge-offs
															Revolving
															loans
															converted		Gross
											2019 and		Revolving		to term		Charge-
	2024		2023		2022		2021		2020		Prior		loans		loans		offs

	(Dollars in thousands)
Commercial and industrial	$	—	$	1,063	$	37	$	—	$	24	$	—	$	1,826	$	178	$	3,128
Energy		—		—		—		—		—		—		—		—		—
Commercial real estate - owner-occupied		—		—		—		—		—		—		—		—		—
Commercial real estate - non-owner-occupied		—		—		209		—		—		—		—		1,211		1,420
Residential real estate		—		—		—		—		—		—		—		—		—
Consumer		—		—		13		—		—		—		—		—		13
Total	$	—	$	1,063	$	259	$	—	$	24	$	—	$	1,826	$	1,389	$	4,561

Schedule of Collateral Dependent Loans


As of September 30, 2024
					Amortized Cost of
					Collateral
	Amortized Cost of		Related Allowance		Dependent Loans
	Collateral		for		with no related
Loan Segment and Collateral Description	Dependent Loans		Credit Losses		Allowance

	(Dollars in thousands)
Commercial and industrial
All business assets	$	6,086	$	1,008	$	4,464
Energy
Oil and natural gas properties		18		—		18
Commercial real estate - owner-occupied
Commercial real estate properties		—		—		—
Commercial real estate - non-owner-occupied
Commercial real estate properties		—		—		—
Residential real estate
Residential real estate properties		—		—		—
	$	6,104	$	1,008	$	4,482


As of December 31, 2023
					Amortized Cost of
					Collateral
	Amortized Cost of		Related Allowance		Dependent Loans
	Collateral		for		with no related
Loan Segment and Collateral Description	Dependent Loans		Credit Losses		Allowance

	(Dollars in thousands)
Commercial and industrial
All business assets	$	9,308	$	1,392	$	6,198
Energy
Oil and natural gas properties		288		—		288
Commercial real estate - owner-occupied
Commercial real estate properties		204		—		204
Commercial real estate - non-owner-occupied
Commercial real estate properties		8,440		571		1,698
Residential real estate
Residential real estate properties		179		—		179
Consumer
Vehicles & other personal assets		—		—		—
	$	18,419	$	1,963	$	8,567

Summary of Loan Modifications


	September 30, 2024
	Term Extension					Payment Delay					Combination - Term Extension and Payment Delay
	Amortized Cost Basis		% of Loan Class			Amortized Cost Basis		% of Loan Class			Amortized Cost Basis		% of Loan Class

	(Dollars in thousands)
Commercial and industrial	$	2,902		0.13	%	$	4,891		0.22	%	$	500		0.02	%
Commercial real estate - owner-occupied		—		—			4,924		0.84			—		—
Residential real estate		253		0.05			—		—			—		—
Total Loans	$	3,155				$	9,815				$	500


	September 30, 2023
	Term Extension
	Amortized Cost Basis		% of Loan Class
	(Dollars in thousands)
Commercial and industrial	$	4,674		0.20	%
Commercial real estate - owner-occupied		4,569		1.00
Total Loans	$	9,243


	Balance at September 30, 2024
			30-59 Days		60-89 Days		Greater than 90		Total
	Current		Past Due		Past Due		Days Past Due		Past Due

	(Dollars in thousands)
Commercial and industrial	$	6,360	$	—	$	—	$	1,933	$	1,933
Commercial real estate - owner-occupied		4,924		—		—		—		—
Residential real estate		—		—		—		253		253
Total Loans	$	11,284	$	—	$	—	$	2,186	$	2,186


	Balance at September 30, 2023
			30-59 Days		60-89 Days		Greater than 90		Total
	Current		Past Due		Past Due		Days Past Due		Past Due

	(Dollars in thousands)
Commercial and industrial	$	4,674	$	—	$	—	$	—	$	—
Commercial real estate - owner-occupied		4,569		—		—		—		—
Total Loans	$	9,243	$	—	$	—	$	—	$	—


	September 30, 2024
	Financial Effect
	Term Extension	Payment Delay	Combination - Term Extension and Payment Delay
Commercial and industrial	Added a weighted average of 1.2 years to the life of loan, which reduced monthly payment amounts	Delayed payments for a weighted average of 0.6 years	Added a weighted average of 0.4 years to the life of loan, which reduced monthly payment amounts and delayed payments for a weighted average of 0.4 years
Commercial real estate - owner-occupied		Delayed payments for a weighted average of 0.5 years
Residential real estate	Added a weighted average of 0.4 years to the life of loan, which reduced monthly payment amounts


		September 30, 2023
		Financial Effect
		Term Extension
Commercial and industrial		Added a weighted average of 1.2 years to the life of loan, which reduced monthly payment amounts
Commercial real estate - owner-occupied		Added a weighted average of 0.5 years to the life of loan, which reduced monthly payment amounts

Disclosure about Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2024

Disclosure about Fair Value of Financial Instruments

Disclosure about Fair Value of Financial Instruments

Note 11: Disclosures about Fair Value of Financial Instruments

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value:

Level 1

Quoted prices in active markets for identical assets or liabilities.

Level 2

Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3

Unobservable inputs supported by little or no market activity and significant to the fair value of the assets or liabilities.

Recurring Measurements

The following list presents the assets and liabilities recognized in the accompanying consolidated statements of financial condition measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2024 and December 31, 2023:


	Fair Value Description	Valuation Hierarchy Level	Where Fair Value Balance Can Be Found
Available-for-Sale Securities	Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows.	Level 2	Note 2: Securities
Derivatives	Fair value of the interest rate swaps is obtained from independent pricing services based on quoted market prices for similar derivative contracts.	Level 2	Note 6: Derivatives and Hedging

The following tables present the estimated fair values of the Company’s financial instruments at September 30, 2024 and December 31, 2023:


	September 30, 2024
	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3

	(Dollars in thousands)
Financial Assets
Cash and cash equivalents	$	236,937	$	236,937	$	—	$	—
Available-for-sale securities		783,995		—		783,995		—
Loans, net of allowance for credit losses		6,253,292		—		—		6,295,504
Restricted equity securities		3,715		—		—		3,715
Interest receivable		39,485		—		39,485		—
Equity securities		7,305		—		—		7,305
Derivative assets		6,720		—		6,720		—

Financial Liabilities
Deposits	$	6,634,276	$	900,794	$	—	$	5,791,397
Federal Home Loan Bank advances		76,221		—		73,242		—
Other borrowings		8,598		—		9,795		—
Interest payable		22,316		—		22,316		—
Derivative liabilities		9,742		—		9,742		—


	December 31, 2023
	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3

	(Dollars in thousands)
Financial Assets
Cash and cash equivalents	$	255,229	$	255,229	$	—	$	—
Available-for-sale securities		766,653		—		766,653		—
Loans, net of allowance for credit losses		6,054,228		—		—		6,036,887
Restricted equity securities		3,950		—		—		3,950
Interest receivable		37,294		—		37,294		—
Equity securities		5,794		—		—		5,794
Derivative assets		7,581		—		7,581		—

Financial Liabilities
Deposits	$	6,491,276	$	990,458	$	—	$	5,547,203
Federal Home Loan Bank advances		77,889		—		72,123		—
Other borrowings		8,950		—		9,891		—
Interest payable		18,529		—		18,529		—
Derivative liabilities		13,594		—		13,594		—

Nonrecurring Measurements

The following tables present the fair value measurement on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2024 and December 31, 2023:


			September 30, 2024
			Fair Value Measurements Using
			Quoted Prices in
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)

	(Dollars in thousands)
Collateral-dependent impaired loans	$	823	$	—	$	—	$	823
Foreclosed assets held-for-sale		5,286		—		—		5,286

December 31, 2023

Fair Value Measurements Using

Quoted Prices in

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Fair Value

(Level 1)

(Level 2)

(Level 3)

(Dollars in thousands)

Collateral-dependent impaired loans

10,570

—

10,570

Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated statements of financial condition, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

Collateral-Dependent Impaired Loans, Net of ACL - The estimated fair value of collateral-dependent loans is based on the appraised fair value of the collateral, less estimated cost to sell. If the fair value of the collateral is below the loan’s amortized cost, the ACL is netted against the loan balance. Collateral-dependent loans are classified within Level 3 of the fair value hierarchy. The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral dependent loans are obtained when the loan is determined to be collateral dependent and subsequently as deemed necessary by the Office of the Chief Credit Officer. Appraisals are reviewed for accuracy and

consistency by management. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated costs to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by the Office of the Chief Credit Officer by comparison to historical results.

Foreclosed Assets Held-for-Sale - The fair value of foreclosed assets-held-for-sale is based on the appraised fair value of the collateral, less estimated cost to sell.

Unobservable (Level 3) Inputs

The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements at September 30, 2024 and December 31, 2023:


	September 30, 2024
				Unobservable	Range
	Fair Value		Valuation Techniques	Inputs	(Weighted Average)

	(Dollars in thousands)
Collateral-dependent impaired loans	$	823	Appraisal of collateral	Appraisal adjustments⁽¹⁾	10% - 28% (20%)
Foreclosed assets held-for-sale	$	5,286	Appraisal of held property	Appraisal adjustments⁽¹⁾	10% - 10% (10%)


	December 31, 2023
				Unobservable	Range
	Fair Value		Valuation Techniques	Inputs	(Weighted Average)

	(Dollars in thousands)
Collateral-dependent impaired loans	$	10,570	Appraisal of collateral	Appraisal adjustments⁽¹⁾	0% - 56% (22%)

(1)	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Time Deposits and Borrowings (Tables)

9 Months Ended

Sep. 30, 2024

Time Deposits and Borrowings

Schedule of Time Deposit Maturities and Borrowings


	As of September 30, 2024
	Within One		One to Two		Two to Three		Three to		Four to Five		After Five
	Year		Years		Years		Four Years		Years		Years		Total

	(Dollars in thousands)
Time deposits	$	1,884,291	$	98,835	$	2,387	$	655	$	502	$	—	$	1,986,670
FHLB borrowings		11,221		—		7,500		42,500		15,000		—		76,221
SBA secured borrowing		—		—		—		—		—		7,433		7,433
Trust preferred securities⁽¹⁾		—		—		—		—		—		1,165		1,165
Total	$	1,895,512	$	98,835	$	9,887	$	43,155	$	15,502	$	8,598	$	2,071,489

(1)	The contract value of the trust preferred securities is $2.6 million and is currently being accreted to the maturity date of 2035.

Consolidated Statements of Comprehensive Income (Loss) - Unaudited - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Statements of Comprehensive Income (Loss) - Unaudited
Net Income	$ 19,649	$ 16,863	$ 56,494	$ 49,018
Other Comprehensive (Loss) Income
Unrealized gain (loss) on available-for-sale securities	25,271	(41,604)	9,101	(37,083)
Less: income tax expense (benefit)	5,916	(9,902)	2,497	(8,727)
Unrealized gain (loss) on available-for-sale securities, net of income tax	19,355	(31,702)	6,604	(28,356)
Reclassification adjustment for realized gain (loss) included in income	59	(60)	59	3
Less: income tax expense (benefit)	14	(14)	14	1
Less: reclassification adjustment for realized gain (loss) included in income, net of income tax	45	(46)	45	2
Unrealized gain (loss) on cash flow hedges	3,606	(2,289)	(671)	(4,381)
Less: income tax expense (benefit)	849	(545)	(150)	(1,041)
Unrealized gain (loss) on cash flow hedges, net of income tax	2,757	(1,744)	(521)	(3,340)
Reclassification adjustment for (loss) gain on cash flow hedges	(1,093)	93	(3,152)	102
Less: income tax (benefit) expense	(253)	22	(736)	24
Less: reclassification adjustment for (loss) gain on cash flow hedges, net of income tax	(840)	71	(2,416)	78
Other comprehensive income (loss)	22,907	(33,471)	8,454	(31,776)
Comprehensive Income (Loss)	$ 42,556	$ (16,608)	$ 64,948	$ 17,242

Securities

9 Months Ended

Sep. 30, 2024

Securities

Securities

Note 2: Securities

Available-for-Sale (“AFS”) Securities

AFS securities are summarized as follows as of the dates indicated:


	September 30, 2024
			Gross		Gross
			Unrealized		Unrealized		Approximate
	Amortized Cost		Gains		Losses		Fair Value

	(Dollars in thousands)
Mortgage-backed - GSE residential	$	239,492	$	1,570	$	17,954	$	223,108
Collateralized mortgage obligations - GSE residential		97,029		1,285		518		97,796
State and political subdivisions		371,365		163		39,514		332,014
Small Business Administration loan pools		120,221		1,963		1		122,183
Corporate bonds		9,580		—		686		8,894
Total available-for-sale securities	$	837,687	$	4,981	$	58,673	$	783,995


	December 31, 2023
			Gross		Gross
			Unrealized		Unrealized		Approximate
	Amortized Cost		Gains		Losses		Fair Value

	(Dollars in thousands)
Federal agency obligations	$	9,988	$	84	$	—	$	10,072
U.S. Treasury securities		4,965		3		—		4,968
Mortgage-backed - GSE residential		233,203		629		21,370		212,462
Collateralized mortgage obligations - GSE residential		50,125		493		674		49,944
State and political subdivisions		396,349		497		40,949		355,897
Small Business Administration loan pools		125,017		722		961		124,778
Corporate bonds		9,740		—		1,208		8,532
Total available-for-sale securities	$	829,387	$	2,428	$	65,162	$	766,653

The carrying value of securities pledged as collateral was $45 million and $40 million at September 30, 2024 and December 31, 2023, respectively.

As of September 30, 2024 and December 31, 2023, the AFS securities had $6 million and $7 million, respectively, of accrued interest excluded from the amortized cost basis and presented in “interest receivable” on the consolidated statements of financial condition.

The following tables summarize the gross realized gains and losses from sales or maturities of AFS securities as of the dates shown:

For the Three Months Ended

For the Nine Months Ended

September 30, 2024

Gross

Net

Gross

Net

Realized

Gains

Losses

Gain

Gains

Losses

Gain

(Dollars in thousands)

Available-for-sale securities

158

(99)

163

(104)

For the Three Months Ended

For the Nine Months Ended

September 30, 2023

Gross

Net

Gross

Net

Realized

Gains

Losses

Loss

Gains

Losses

Gain

(Dollars in thousands)

Available-for-sale securities

(128)

(60)

335

(332)

The following tables summarize AFS securities gross unrealized losses, as of the dates shown, along with the length of time in an unrealized loss position:


	September 30, 2024
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities

	(Dollars in thousands)
Available-for-Sale Securities
Mortgage-backed - GSE residential	$	2,536	$	16	2	$	130,091	$	17,938	51	$	132,627	$	17,954	53
Collateralized mortgage obligations - GSE residential		30,667		69	5		11,499		449	17		42,166		518	22
State and political subdivisions		8,048		66	4		308,136		39,448	200		316,184		39,514	204
Small Business Administration loan pools		—		—	—		70		1	4		70		1	4
Corporate bonds		—		—	—		8,895		686	4		8,895		686	4
Total temporarily impaired AFS securities	$	41,251	$	151	11	$	458,691	$	58,522	276	$	499,942	$	58,673	287


	December 31, 2023
	Less than 12 Months					12 Months or More					Total
	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of
	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities

	(Dollars in thousands)
Available-for-Sale Securities
Federal agency obligations	$	—	$	—	—	$	—	$	—	—	$	—	$	—	—
U.S. Treasury securities		—		—	—		—		—	—		—		—	—
Mortgage-backed - GSE residential		21,523		56	5		137,626		21,314	52		159,149		21,370	57
Collateralized mortgage obligations - GSE residential		17,707		135	4		8,469		539	17		26,176		674	21
State and political subdivisions		33,577		207	20		287,128		40,742	190		320,705		40,949	210
Small Business Administration loan pools		76,380		959	11		91		2	4		76,471		961	15
Corporate bonds		—		—	—		8,532		1,208	5		8,532		1,208	5
Total temporarily impaired AFS securities	$	149,187	$	1,357	40	$	441,846	$	63,805	268	$	591,033	$	65,162	308

Management evaluated all of the AFS securities in an unrealized loss position at September 30, 2024. The unrealized losses in the Company’s investment portfolio were primarily caused by interest rate changes. The Company does not intend to sell the investments, and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis. The Company did not record any credit losses on AFS securities during the nine months ended September 30, 2024 or the year ended December 31, 2023.

The amortized cost, fair value, and weighted average yield of AFS securities by contractual maturity, are shown below:


	September 30, 2024
	Within			After One to			After Five to			After
	One Year			Five Years			Ten Years			Ten Years			Total

	(Dollars in thousands)
Available-for-sale securities
Mortgage-backed - GSE residential⁽¹⁾
Amortized cost	$	—		$	—		$	775		$	238,717		$	239,492
Estimated fair value	$	—		$	—		$	730		$	222,378		$	223,108
Weighted average yield⁽²⁾		—	%		—	%		2.23	%		3.30	%		3.29	%
Collateralized mortgage obligations - GSE residential⁽¹⁾
Amortized cost	$	—		$	1,990		$	17,915		$	77,124		$	97,029
Estimated fair value	$	—		$	1,942		$	18,046		$	77,808		$	97,796
Weighted average yield⁽²⁾		—	%		2.80	%		5.12	%		5.99	%		5.77	%
State and political subdivisions⁽¹⁾
Amortized cost	$	519		$	3,331		$	58,405		$	309,110		$	371,365
Estimated fair value	$	532		$	3,344		$	57,785		$	270,353		$	332,014
Weighted average yield⁽²⁾		4.10	%		4.34	%		2.94	%		2.50	%		2.59	%
Small Business Administration loan pools⁽¹⁾
Amortized cost	$	6		$	65		$	—		$	120,150		$	120,221
Estimated fair value	$	6		$	64		$	—		$	122,113		$	122,183
Weighted average yield⁽²⁾		5.01	%		4.10	%		—	%		4.96	%		4.96	%
Corporate bonds⁽¹⁾
Amortized cost	$	—		$	88		$	9,492		$	—		$	9,580
Estimated fair value	$	—		$	85		$	8,809		$	—		$	8,894
Weighted average yield⁽²⁾		—	%		5.30	%		5.71	%		—	%		5.71	%
Total available-for-sale securities
Amortized cost	$	525		$	5,474		$	86,587		$	745,101		$	837,687
Estimated fair value	$	538		$	5,435		$	85,370		$	692,652		$	783,995
Weighted average yield⁽²⁾		4.11	%		3.79	%		3.69	%		3.51	%		3.53	%

⁽¹⁾	Actual maturities may differ from contractual maturities because issuers may have the rights to call or prepay obligations with or without prepayment penalties.

⁽²⁾	Yields are calculated based on amortized cost using 30/360 day basis. Tax-exempt securities are not tax effected.

Equity Securities

Equity securities consist of $7.3 million of private equity investments. Equity securities are included in other assets on the consolidated statements of financial condition.

The Company elected a measurement alternative for its private equity investments that did not have a readily determinable fair value and did not qualify for the practical expedient to estimate fair value using the net asset value per share. A cost basis was calculated for the equity investments. The recorded balance will adjust for any impairment or any observable price changes for an identical or similar investment of the same issuer. No such events occurred during the three- or nine-month periods ended September 30, 2024.

The following is a summary of the recorded fair value and the unrealized and realized gains and losses recognized in net income on equity securities:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023

	(Dollars in thousands)
Net gains recognized during the reporting period on equity securities	$	3	$	98	$	16	$	114
Less: net gains recognized during the period on equity securities sold during the period		—		93		18		93
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date	$	3	$	5	$	(2)	$	21

Regulatory Matters

9 Months Ended

Sep. 30, 2024

Regulatory Matters

Regulatory Matters

Note 9: Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Management believes that, as of September 30, 2024, the Company and the Bank met all capital adequacy requirements to which they are subject.

The capital rules require the Company to maintain a 2.5% capital conservation buffer with respect to Common Equity Tier I capital, Tier I capital to risk-weighted assets, and total capital to risk-weighted assets, which is included in the column “Required to be Considered Adequately Capitalized” within the table below. A financial institution with a conservation buffer of less than the required amount is subject to limitations on capital distributions, including dividend payments and stock repurchases, as well as certain discretionary bonus payments to executive officers.

The Company and the Bank opted to exclude AOCI from the regulatory capital calculations. As a result, changes in AOCI, net of tax, do not impact the Company’s or Bank’s regulatory capital ratios.

The Company’s and the Bank’s actual capital amounts and ratios as of September 30, 2024 and December 31, 2023 are presented in the following table:


					Required to be Considered				Required to be Considered
	Actual				Well Capitalized				Adequately Capitalized⁽¹⁾
	Amount		Ratio		Amount		Ratio		Amount		Ratio

	(Dollars in thousands)
September 30, 2024
Total Capital to Risk-Weighted Assets
Consolidated	$	868,146	11.8	%		N/A	N/A		$	770,742	10.5	%
Bank		855,496	11.7		$	733,613	10.0	%		770,294	10.5
Tier 1 Capital to Risk-Weighted Assets
Consolidated		785,057	10.7			N/A	N/A			623,934	8.5
Bank		772,407	10.5			586,891	8.0			623,571	8.5
Common Equity Tier 1 to Risk-Weighted Assets
Consolidated		776,142	10.6			N/A	N/A			513,828	7.0
Bank		772,407	10.5			476,849	6.5			513,529	7.0
Tier 1 Capital to Average Assets
Consolidated		785,057	10.2			N/A	N/A			307,189	4.0
Bank	$	772,407	10.1	%	$	384,094	5.0	%	$	307,275	4.0	%


December 31, 2023
Total Capital to Risk-Weighted Assets
Consolidated	$	807,018	11.2	%		N/A	N/A		$	756,285	10.5	%
Bank		800,522	11.1		$	719,705	10.0	%		755,691	10.5
Tier 1 Capital to Risk-Weighted Assets
Consolidated		727,723	10.1			N/A	N/A			612,231	8.5
Bank		721,227	10.0			575,764	8.0			611,750	8.5
Common Equity Tier 1 to Risk-Weighted Assets
Consolidated		718,855	10.0			N/A	N/A			504,190	7.0
Bank		721,227	10.0			467,809	6.5			503,794	7.0
Tier 1 Capital to Average Assets
Consolidated		727,723	10.0			N/A	N/A			292,517	4.0
Bank	$	721,227	9.9	%	$	365,675	5.0	%	$	292,540	4.0	%

(1)	Represents the minimum capital required for capital adequacy under Basel III. Includes capital conservation buffer of 2.5%.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Loans and Allowance for Credit Losses

9 Months Ended

Sep. 30, 2024

Loans and Allowance for Credit Losses

Loans and Allowance for Credit Losses

Note 3: Loans and Allowance for Credit Losses

The table below shows the loan portfolio composition including carrying value by segment as of the dates shown. The carrying value of loans is net of discounts, fees, costs, and fair value marks of $24 million and $25 million as of September 30, 2024 and December 31, 2023, respectively.


	September 30, 2024				December 31, 2023

	Amount		% of Loans		Amount		% of Loans

	(Dollars in thousands)
Commercial and industrial	$	2,221,014	35	%	$	2,160,212	35	%
Energy		224,036	4			214,218	3
Commercial real estate - owner-occupied		583,305	9			566,253	9
Commercial real estate - non-owner-occupied		2,802,954	44			2,685,534	44
Residential real estate		476,336	8			464,095	8
Consumer		23,404	-			37,378	1
Loans, net of unearned fees		6,331,049	100	%		6,127,690	100	%
Less: Allowance for credit losses on loans		(77,757)				(73,462)
Loans, net of the allowance for credit losses on loans	$	6,253,292			$	6,054,228

Accrued interest of $33 million and $30 million at September 30, 2024 and December 31, 2023, respectively, presented in “interest receivable” on the consolidated statements of financial condition is excluded from the amortized cost basis disclosed in the above table.

The Company aggregates the loan portfolio by similar credit risk characteristics. The loan segments are described in additional detail below:

●

Commercial and Industrial - The category includes loans and lines of credit to commercial and industrial clients for use in property, plant, and equipment purchases, business operations, expansions and for working capital needs. Loan terms typically require amortizing payments that decrease the outstanding loan balance while the lines of credit typically require interest-only payments with maturities ranging from one- to three-years. Lines of credit allow the borrower to draw down and repay the line of credit based on the borrower’s cash flow needs. Repayment is primarily from the cash flow of a borrower’s principal business operation. Credit risk is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations.

●

Energy - The category includes loans to oil and natural gas clients for use in financing working capital needs, exploration and production activities, and acquisitions. The loans are repaid primarily from the conversion of crude oil and natural gas to cash. Credit risk is driven by creditworthiness of a borrower and the economic

conditions that impact the cash flow stability from business operations. Energy loans are typically collateralized with the underlying oil and gas reserves.

●

Commercial Real Estate - Owner-Occupied - The category includes relationships where the Company is usually the primary provider of financial services for the company and/or the principals and the primary source of repayment is through the cash flows generated by the borrowers’ business operations. Owner-occupied commercial real estate loans are typically secured by a first lien mortgage on real property plus assignments of all leases related to the properties. Credit risk may be impacted by the creditworthiness of a borrower, property values and the local economies in the borrower’s market areas.

●

Commercial Real Estate – Non-Owner-Occupied - The category includes loans that typically involve larger principal amounts and repayment of these loans is generally dependent on the leasing income generated from tenants. These are viewed primarily as cash flow loans and secondarily as loans secured by real estate.

Additionally, the category includes construction and land development loans that are based upon estimates of costs and estimated value of the completed project. Independent appraisals and a financial analysis of the developers and property owners are completed. Sources of repayment include secondary market permanent loans, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, general economic conditions, and the availability of long-term financing.

The category also includes loans that are secured by multifamily properties. Repayment of these loans is primarily dependent on occupancy rates and rental income.

Credit risk for non-owner-occupied commercial real estate loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the borrower’s market areas.

●

Residential Real Estate - The category includes loans that are generally secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. We also offer open- and closed-ended home equity loans, which are loans generally secured by second lien positions on residential real estate. Credit risk in these loans can be impacted by economic conditions within or outside the borrower’s market areas that might impact either property values or a borrower’s personal income.

●

Consumer - The category includes personal lines of credit and various term loans such as automobile loans and loans for other personal purposes. Repayment is primarily dependent on the personal income and credit rating of the borrowers. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the borrower’s market area) and the creditworthiness of a borrower.

Risk Ratings

The Company uses a series of grades which reflect its assessment of the credit quality of loans based on an analysis of the borrower's financial condition, liquidity and ability to meet contractual debt service requirements. Risk ratings are established for loans at origination and are monitored on an ongoing basis. The rating assigned to a loan reflects the risks posed by the borrower’s expected performance and the transaction’s structure. Performance metrics used to determine a risk rating include, but are not limited to, cash flow adequacy, liquidity, and collateral. A description of the loan risk ratings follows:

●

Pass - The category includes loans that are considered satisfactory and borrowers that generally maintain good liquidity and financial condition, or the credit is currently protected with sales trends remaining flat or declining. Most ratios compare favorably with industry norms and Company policies. Debt is programmed and timely repayment is expected.

●

Special Mention - The category includes borrowers that generally exhibit adverse trends in operations or an imbalanced position in their balance sheet that has not reached a point where repayment is jeopardized. Credits are currently protected but, if left uncorrected, the potential weaknesses may result in deterioration of the repayment prospects for the credit or in the Company’s credit or lien position at a future date. These credits are not adversely classified and do not expose the Company to enough risk to warrant adverse classification.

●

Substandard - The category includes borrowers that generally exhibit well-defined weakness(es) that jeopardize repayment. Credits are inadequately protected by the current worth and paying capacity of the obligor or of the collateral pledged. A distinct possibility exists that the Company will sustain some loss if deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified substandard. Substandard loans include both performing and non-performing loans and are broken out in the table below.

●

Doubtful - The category includes borrowers that exhibit weaknesses inherent in a substandard credit and characteristics that these weaknesses make collection or liquidation in full highly questionable or improbable based on existing facts, conditions, and values. Because of reasonably specific pending factors, which may work to the advantage and strengthening of the assets, classification as a loss is deferred until its more exact status may be determined.

●

Loss - Credits that are considered uncollectible or of such little value that their continuance as a bankable asset is not warranted.

The following tables present the credit risk profile of the Company’s loan portfolio based on internal rating categories and loan segments:


	As of September 30, 2024
	Amortized Cost Basis by Origination Year and Internal Risk Rating												Amortized Cost Basis
	2024		2023		2022		2021		2020		2019 and Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total

	(Dollars in thousands)
Commercial and industrial
Pass	$	297,434	$	227,975	$	197,696	$	119,558	$	32,895	$	12,589	$	1,119,666	$	72,450	$	2,080,263
Special mention		682		11,572		12,948		14,859		—		15		26,868		1,008		67,952
Substandard - accrual		1,678		12,002		1,727		5,184		139		1,761		24,714		16,067		63,272
Substandard - non-accrual		—		651		47		262		—		478		4,612		468		6,518
Doubtful		—		—		—		—		—		—		1,154		1,855		3,009
Loss		—		—		—		—		—		—		—		—		—
Total	$	299,794	$	252,200	$	212,418	$	139,863	$	33,034	$	14,843	$	1,177,014	$	91,848	$	2,221,014
Energy
Pass	$	—	$	—	$	5,977	$	—	$	—	$	—	$	217,178	$	863	$	224,018
Special mention		—		—		—		—		—		—		—		—		—
Substandard - accrual		—		—		—		—		—		—		—		—		—
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		18		—		18
Loss		—		—		—		—		—		—		—		—		—
Total	$	-	$	-	$	5,977	$	-	$	-	$	-	$	217,196	$	863	$	224,036
Commercial real estate - owner-occupied
Pass	$	39,630	$	56,401	$	100,740	$	109,668	$	59,365	$	66,984	$	68,201	$	41,535	$	542,524
Special mention		10,400		1,901		5,619		9,636		1,714		2,612		—		560		32,442
Substandard - accrual		63		2,977		1,443		—		1,618		—		—		2,238		8,339
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	50,093	$	61,279	$	107,802	$	119,304	$	62,697	$	69,596	$	68,201	$	44,333	$	583,305
Commercial real estate - non-owner-occupied
Pass	$	279,544	$	349,360	$	756,177	$	202,001	$	115,238	$	100,315	$	811,239	$	152,507	$	2,766,381
Special mention		—		—		19,499		7,017		—		1,269		—		1,337		29,122
Substandard - accrual		3,538		—		—		—		3,616		297		—		—		7,451
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	283,082	$	349,360	$	775,676	$	209,018	$	118,854	$	101,881	$	811,239	$	153,844	$	2,802,954
Residential real estate
Pass	$	25,591	$	46,030	$	93,014	$	72,827	$	96,173	$	90,538	$	43,571	$	—	$	467,744
Special mention		—		4,145		483		1,707		173		—		—		—		6,508
Substandard - accrual		—		—		—		1,287		—		—		176		—		1,463
Substandard - non-accrual		253		—		—		—		—		199		—		169		621
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	25,844	$	50,175	$	93,497	$	75,821	$	96,346	$	90,737	$	43,747	$	169	$	476,336
Consumer
Pass	$	2,371	$	3,449	$	3,562	$	292	$	29	$	54	$	13,478	$	—	$	23,235
Special mention		—		—		—		—		—		3		150		—		153
Substandard - accrual		—		—		—		—		16		—		—		—		16
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	2,371	$	3,449	$	3,562	$	292	$	45	$	57	$	13,628	$	-	$	23,404
Total
Pass	$	644,570	$	683,215	$	1,157,166	$	504,346	$	303,700	$	270,480	$	2,273,333	$	267,355	$	6,104,165
Special mention		11,082		17,618		38,549		33,219		1,887		3,899		27,018		2,905		136,177
Substandard - accrual		5,279		14,979		3,170		6,471		5,389		2,058		24,890		18,305		80,541
Substandard - non-accrual		253		651		47		262		—		677		4,612		637		7,139
Doubtful		—		—		—		—		—		—		1,172		1,855		3,027
Loss		—		—		—		—		—		—		—		—		—
Total	$	661,184	$	716,463	$	1,198,932	$	544,298	$	310,976	$	277,114	$	2,331,025	$	291,057	$	6,331,049


	As of December 31, 2023
	Amortized Cost Basis by Origination Year and Internal Risk Rating												Amortized Cost Basis
	2023		2022		2021		2020		2019		2018 and Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total

	(Dollars in thousands)
Commercial and industrial
Pass	$	379,360	$	258,182	$	193,302	$	54,901	$	38,762	$	18,801	$	1,061,365	$	53,015	$	2,057,688
Special mention		2,442		925		6,000		2,674		1,460		26		9,748		3,175		26,450
Substandard - accrual		12,655		1,877		5,101		238		598		815		28,652		16,831		66,767
Substandard - non-accrual		—		—		266		24		—		—		6,848		178		7,316
Doubtful		—		—		—		—		—		—		1,991		—		1,991
Loss		—		—		—		—		—		—		—		—		—
Total	$	394,457	$	260,984	$	204,669	$	57,837	$	40,820	$	19,642	$	1,108,604	$	73,199	$	2,160,212
Energy
Pass	$	4,581	$	6,868	$	—	$	156	$	—	$	—	$	202,218	$	107	$	213,930
Special mention		—		—		—		—		—		—		—		—		—
Substandard - accrual		—		—		—		—		—		—		—		—		—
Substandard - non-accrual		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		288		—		288
Loss		—		—		—		—		—		—		—		—		—
Total	$	4,581	$	6,868	$	—	$	156	$	—	$	—	$	202,506	$	107	$	214,218
Commercial real estate - owner-occupied
Pass	$	56,236	$	92,148	$	119,684	$	62,072	$	49,992	$	32,936	$	76,782	$	36,263	$	526,113
Special mention		10,095		6,798		8,522		1,747		793		2,448		—		576		30,979
Substandard - accrual		2,977		—		—		1,635		770		2,047		—		1,528		8,957
Substandard - non-accrual		—		—		204		—		—		—		—		—		204
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	69,308	$	98,946	$	128,410	$	65,454	$	51,555	$	37,431	$	76,782	$	38,367	$	566,253
Commercial real estate - non-owner-occupied
Pass	$	477,238	$	842,755	$	242,405	$	161,845	$	65,540	$	50,062	$	626,998	$	145,621	$	2,612,464
Special mention		—		18,939		7,331		—		17,208		4,052		—		—		47,530
Substandard - accrual		10,341		—		2,396		3,626		—		298		—		439		17,100
Substandard - non-accrual		—		713		6,029		1,698		—		—		—		—		8,440
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	487,579	$	862,407	$	258,161	$	167,169	$	82,748	$	54,412	$	626,998	$	146,060	$	2,685,534
Residential real estate
Pass	$	37,676	$	86,919	$	82,390	$	110,853	$	36,589	$	62,288	$	37,619	$	—	$	454,334
Special mention		—		813		3,519		176		—		—		—		—		4,508
Substandard - accrual		253		—		1,317		3,125		203		—		176		—		5,074
Substandard - non-accrual		—		—		—		—		—		—		—		179		179
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	37,929	$	87,732	$	87,226	$	114,154	$	36,792	$	62,288	$	37,795	$	179	$	464,095
Consumer
Pass	$	11,591	$	6,004	$	462	$	54	$	221	$	25	$	18,960	$	—	$	37,317
Special mention		—		—		—		—		—		5		—		—		5
Substandard - accrual		—		—		—		23		—		—		—		—		23
Substandard - non-accrual		—		33		—		—		—		—		—		—		33
Doubtful		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—
Total	$	11,591	$	6,037	$	462	$	77	$	221	$	30	$	18,960	$	—	$	37,378
Total
Pass	$	966,682	$	1,292,876	$	638,243	$	389,881	$	191,104	$	164,112	$	2,023,942	$	235,006	$	5,901,846
Special mention		12,537		27,475		25,372		4,597		19,461		6,531		9,748		3,751		109,472
Substandard - accrual		26,226		1,877		8,814		8,647		1,571		3,160		28,828		18,798		97,921
Substandard - non-accrual		—		746		6,499		1,722		—		—		6,848		357		16,172
Doubtful		—		—		—		—		—		—		2,279		—		2,279
Loss		—		—		—		—		—		—		—		—		—
Total	$	1,005,445	$	1,322,974	$	678,928	$	404,847	$	212,136	$	173,803	$	2,071,645	$	257,912	$	6,127,690

The following tables present the Company’s loan portfolio aging analysis as of September 30, 2024 and December 31, 2023:


	As of September 30, 2024
	Amortized Cost Basis by Origination Year and Past Due Status												Amortized Cost Basis
															Revolving loans
											2019 and				converted to
	2024		2023		2022		2021		2020		Prior		Revolving loans		term loans		Total

	(Dollars in thousands)
Commercial and industrial
30-59 days	$	-	$	19	$	43	$	59	$	-	$	-	$	40	$	-	$	161
60-89 days		-		137		67		-		-		358		150		5		717
Greater than 90 days		-		692		1,632		1,512		-		478		8,121		1,855		14,290
Total past due		-		848		1,742		1,571		-		836		8,311		1,860		15,168
Current		299,794		251,352		210,676		138,292		33,034		14,007		1,168,703		89,988		2,205,846
Total	$	299,794	$	252,200	$	212,418	$	139,863	$	33,034	$	14,843	$	1,177,014	$	91,848	$	2,221,014
Greater than 90 days and accruing	$	-	$	41	$	1,601	$	1,250	$	-	$	-	$	2,355	$	-	$	5,247
Energy
30-59 days	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
60-89 days		-		-		-		-		-		-		-		-		-
Greater than 90 days		-		-		-		-		-		-		18		-		18
Total past due		-		-		-		-		-		-		18		-		18
Current		-		-		5,977		-		-		-		217,178		863		224,018
Total	$	-	$	-	$	5,977	$	-	$	-	$	-	$	217,196	$	863	$	224,036
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial real estate - owner-occupied
30-59 days	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
60-89 days		-		829		-		-		-		-		-		-		829
Greater than 90 days		-		-		-		-		-		-		-		-		-
Total past due		-		829		-		-		-		-		-		-		829
Current		50,093		60,450		107,802		119,304		62,697		69,596		68,201		44,333		582,476
Total	$	50,093	$	61,279	$	107,802	$	119,304	$	62,697	$	69,596	$	68,201	$	44,333	$	583,305
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial real estate - non-owner-occupied
30-59 days	$	-	$	-	$	99	$	-	$	-	$	-	$	-	$	-	$	99
60-89 days		-		-		-		-		-		-		-		-		-
Greater than 90 days		-		-		-		-		-		-		-		-		-
Total past due		-		-		99		-		-		-		-		-		99
Current		283,082		349,360		775,577		209,018		118,854		101,881		811,239		153,844		2,802,855
Total	$	283,082	$	349,360	$	775,676	$	209,018	$	118,854	$	101,881	$	811,239	$	153,844	$	2,802,954
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Residential real estate
30-59 days	$	-	$	-	$	44	$	248	$	-	$	35	$	-	$	-	$	327
60-89 days		-		-		-		-		24		1,776		-		-		1,800
Greater than 90 days		253		-		-		1,373		173		199		3,557		-		5,555
Total past due		253		-		44		1,621		197		2,010		3,557		-		7,682
Current		25,591		50,175		93,453		74,200		96,149		88,727		40,190		169		468,654
Total	$	25,844	$	50,175	$	93,497	$	75,821	$	96,346	$	90,737	$	43,747	$	169	$	476,336
Greater than 90 days and accruing	$	-	$	-	$	-	$	1,373	$	173	$	-	$	3,557	$	-	$	5,103
Consumer
30-59 days	$	-	$	-	$	44	$	-	$	6	$	3	$	70	$	-	$	123
60-89 days		-		-		14		20		-		-		100		-		134
Greater than 90 days		-		-		-		-		-		-		50		-		50
Total past due		-		-		58		20		6		3		220		-		307
Current		2,371		3,449		3,504		272		39		54		13,408		-		23,097
Total	$	2,371	$	3,449	$	3,562	$	292	$	45	$	57	$	13,628	$	-	$	23,404
Greater than 90 days and accruing	$	-	$	-	$	-	$	-	$	-	$	-	$	50	$	-	$	50
Total
30-59 days	$	-	$	19	$	230	$	307	$	6	$	38	$	110	$	-	$	710
60-89 days		-		966		81		20		24		2,134		250		5		3,480
Greater than 90 days		253		692		1,632		2,885		173		677		11,746		1,855		19,913
Total past due		253		1,677		1,943		3,212		203		2,849		12,106		1,860		24,103
Current		660,931		714,786		1,196,989		541,086		310,773		274,265		2,318,919		289,197		6,306,946
Total	$	661,184	$	716,463	$	1,198,932	$	544,298	$	310,976	$	277,114	$	2,331,025	$	291,057	$	6,331,049
Greater than 90 days and accruing	$	-	$	41	$	1,601	$	2,623	$	173	$	-	$	5,962	$	-	$	10,400


	As of December 31, 2023
	Amortized Cost Basis by Origination Year and Past Due Status												Amortized Cost Basis
															Revolving loans
											2018 and				converted to
	2023		2022		2021		2020		2019		Prior		Revolving loans		term loans		Total

	(Dollars in thousands)
Commercial and industrial
30-59 days	$	250	$	178	$	—	$	81	$	—	$	136	$	158	$	151	$	954
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		30		28		347		24		199		—		10,800		2,376		13,804
Total past due		280		206		347		105		199		136		10,958		2,527		14,758
Current		394,177		260,778		204,322		57,732		40,621		19,506		1,097,646		70,672		2,145,454
Total	$	394,457	$	260,984	$	204,669	$	57,837	$	40,820	$	19,642	$	1,108,604	$	73,199	$	2,160,212
Greater than 90 days and accruing	$	30	$	28	$	81	$	—	$	199	$	—	$	2,000	$	2,199	$	4,537
Energy
30-59 days	$	—	$	—	$	—	$	—	$	—	$	—	$	30	$	—	$	30
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		—		—		—		—		—		288		—		288
Total past due		—		—		—		—		—		—		318		—		318
Current		4,581		6,868		—		156		—		—		202,188		107		213,900
Total	$	4,581	$	6,868	$	—	$	156	$	—	$	—	$	202,506	$	107	$	214,218
Greater than 90 days and accruing	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate - owner-occupied
30-59 days	$	—	$	—	$	—	$	371	$	—	$	71	$	—	$	—	$	442
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		—		204		—		—		—		—		—		204
Total past due		—		—		204		371		—		71		—		—		646
Current		69,308		98,946		128,206		65,083		51,555		37,360		76,782		38,367		565,607
Total	$	69,308	$	98,946	$	128,410	$	65,454	$	51,555	$	37,431	$	76,782	$	38,367	$	566,253
Greater than 90 days and accruing	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate - non-owner-occupied
30-59 days	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		713		6,029		1,698		—		307		—		—		8,747
Total past due		—		713		6,029		1,698		—		307		—		—		8,747
Current		487,579		861,694		252,132		165,471		82,748		54,105		626,998		146,060		2,676,787
Total	$	487,579	$	862,407	$	258,161	$	167,169	$	82,748	$	54,412	$	626,998	$	146,060	$	2,685,534
Greater than 90 days and accruing	$	—	$	—	$	—	$	—	$	—	$	307	$	—	$	—	$	307
Residential real estate
30-59 days	$	—	$	6	$	—	$	137	$	—	$	—	$	—	$	—	$	143
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		—		1,317		—		—		—		176		—		1,493
Total past due		—		6		1,317		137		—		—		176		—		1,636
Current		37,929		87,726		85,909		114,017		36,792		62,288		37,619		179		462,459
Total	$	37,929	$	87,732	$	87,226	$	114,154	$	36,792	$	62,288	$	37,795	$	179	$	464,095
Greater than 90 days and accruing	$	—	$	—	$	1,317	$	—	$	—	$	—	$	176	$	—	$	1,493
Consumer
30-59 days	$	—	$	219	$	40	$	—	$	—	$	—	$	200	$	—	$	459
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		—		35		—		—		—		—		—		—		35
Total past due		—		254		40		—		—		—		200		—		494
Current		11,591		5,783		422		77		221		30		18,760		—		36,884
Total	$	11,591	$	6,037	$	462	$	77	$	221	$	30	$	18,960	$	—	$	37,378
Greater than 90 days and accruing	$	—	$	2	$	—	$	—	$	—	$	—	$	—	$	—	$	2
Total
30-59 days	$	250	$	403	$	40	$	589	$	—	$	207	$	388	$	151	$	2,028
60-89 days		—		—		—		—		—		—		—		—		—
Greater than 90 days		30		776		7,897		1,722		199		307		11,264		2,376		24,571
Total past due		280		1,179		7,937		2,311		199		514		11,652		2,527		26,599
Current		1,005,165		1,321,795		670,991		402,536		211,937		173,289		2,059,993		255,385		6,101,091
Total	$	1,005,445	$	1,322,974	$	678,928	$	404,847	$	212,136	$	173,803	$	2,071,645	$	257,912	$	6,127,690
Greater than 90 days and accruing	$	30	$	30	$	1,398	$	—	$	199	$	307	$	2,176	$	2,199	$	6,339

Non-accrual loans are loans for which the Company does not record interest income. The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual or charged off at an earlier date, if collection of principal or interest is considered doubtful. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following table presents the Company’s non-accrual loans by loan segment at September 30, 2024 and December 31, 2023:


As of September 30, 2024
	Amortized Cost Basis by Origination Year												Amortized Cost Basis
															Revolving				Non-accrual
															loans				Loans with
											2019 and		Revolving		converted		Total Non-		no related
	2024		2023		2022		2021		2020		Prior		loans		to term loans		accrual Loans		Allowance

	(Dollars in thousands)
Commercial and industrial	$	—	$	651	$	47	$	262	$	—	$	478	$	5,765	$	2,324	$	9,527	$	4,464
Energy		—		—		—		—		—		—		18		—		18		18
Commercial real estate - owner-occupied		—		—		—		—		—		—		—		—		—		—
Commercial real estate - non-owner-occupied		—		—		—		—		—		—		—		—		—		—
Residential real estate		253		—		—		—		—		199		—		169		621		—
Consumer		—		—		—		—		—		—		—		—		—		—
Total	$	253	$	651	$	47	$	262	$	—	$	677	$	5,783	$	2,493	$	10,166	$	4,482


As of December 31, 2023
	Amortized Cost Basis by Origination Year												Amortized Cost Basis
															Revolving				Non-accrual
															loans				Loans with
											2018 and		Revolving		converted		Total Non-		no related
	2023		2022		2021		2020		2019		Prior		loans		to term loans		accrual Loans		Allowance

	(Dollars in thousands)
Commercial and industrial	$	—	$	—	$	266	$	24	$	—	$	—	$	8,839	$	178	$	9,307	$	6,198
Energy		—		—		—		—		—		—		288		—		288		288
Commercial real estate - owner-occupied		—		—		204		—		—		—		—		—		204		204
Commercial real estate - non-owner-occupied		—		713		6,029		1,698		—		—		—		—		8,440		1,698
Residential real estate		—		—		—		—		—		—		—		179		179		179
Consumer		—		33		—		—		—		—		—		—		33		33
Total	$	—	$	746	$	6,499	$	1,722	$	—	$	—	$	9,127	$	357	$	18,451	$	8,600

Interest income recognized on non-accrual loans was zero during the three and nine months ended September 30, 2024 and 2023.

Allowance for Credit Losses

The Company’s CECL committee meets at least quarterly to oversee the ACL methodology. The committee estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The ACL represents the Company’s current estimate of lifetime credit losses inherent in the loan portfolio at the statement of financial condition date. The ACL is adjusted for expected prepayments when appropriate and excludes expected extensions, renewals, and modifications.

The ACL is the sum of three components: (i) asset specific / individual loan reserves; (ii) quantitative (formulaic or pooled) reserves; and (iii) qualitative (judgmental) reserves.

Asset Specific - When unique qualities cause a loan’s exposure to loss to be inconsistent with the pooled reserves, the loan is individually evaluated. Individual reserves are calculated for loans that are risk-rated substandard and on non-accrual, doubtful or loss that are greater than a defined dollar threshold. Reserves on asset specific loans may be based on collateral, for collateral-dependent loans, or on quantitative and qualitative factors, including expected cash flow, market sentiment, and guarantor support.

Quantitative - The Company used the cohort method, which identifies and captures the balance of a pool of loans with similar risk characteristics as of a particular time to form a cohort. The cohort is then tracked for losses over the remaining life of loans or until the pool is exhausted. The Company used a lookback period of approximately six years to establish the cohort population. By using the historical data timeframe, the Company can establish a historical loss factor for each of its loan segments.

Qualitative – The Company uses qualitative factors to adjust the historical loss factors for current conditions. The Company primarily uses the following qualitative factors:

●

The nature and volume of changes in risk ratings;

●

The volume and severity of past due loans;

●

The volume of non-accrual loans;

●

The nature and volume of the loan portfolio, including the existence, growth, and effect of any concentrations of credit;

●

Changes in the Institute of Supply Management’s Purchasing Manager Indices (“PMI”) for services and manufacturing;

●

Changes in collateral values;

●

Changes in lending policies, procedures, and quality of loan reviews;

●

Changes in lending staff; and

●

Changes in competition, legal and regulatory environments

In addition to the current condition qualitative adjustments, the Company uses the Federal Reserve’s unemployment forecast to adjust the ACL based on forward-looking guidance. The Federal Reserve’s unemployment forecast extends three years and is eventually reverted to the mean of six percent by year 10.

The following table presents the activity in the allowance for credit losses and allowance for credit losses on off-balance sheet credit exposures by loan segment for the three and nine months ended September 30, 2024:


	For the Three Months Ended September 30, 2024

					Commercial		Commercial
					Real Estate		Real Estate
	Commercial				Owner-		Non-owner-		Residential
	and Industrial		Energy		Occupied		Occupied		Real Estate		Consumer		Total

	(Dollars in thousands)
Allowance for Credit Losses:
Beginning balance	$	33,627	$	3,325	$	6,691	$	29,082	$	3,423	$	70	$	76,218
Charge-offs		(1,599)		—		—		(23)		—		—		(1,622)
Recoveries		24		—		—		4		—		—		28
Provision (release)		1,896		(126)		(596)		2,137		(337)		159		3,133
Ending balance	$	33,948	$	3,199	$	6,095	$	31,200	$	3,086	$	229	$	77,757
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures:
Beginning balance	$	783	$	133	$	107	$	4,119	$	67	$	4	$	5,213
Provision (release)		100		—		—		306		(9)		3		400
Ending balance	$	883	$	133	$	107	$	4,425	$	58	$	7	$	5,613


	For the Nine Months Ended September 30, 2024

					Commercial		Commercial
					Real Estate		Real Estate
	Commercial				Owner-		Non-owner-		Residential
	and Industrial		Energy		Occupied		Occupied		Real Estate		Consumer		Total

	(Dollars in thousands)
Allowance for Credit Losses:
Beginning balance	$	32,244	$	3,143	$	6,445	$	28,130	$	3,456	$	44	$	73,462
Charge-offs		(3,128)		—		—		(1,420)		—		(13)		(4,561)
Recoveries		104		118		—		4		259		—		485
Provision (release)		4,728		(62)		(350)		4,486		(629)		198		8,371
Ending balance	$	33,948	$	3,199	$	6,095	$	31,200	$	3,086	$	229	$	77,757
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures:
Beginning balance	$	954	$	149	$	125	$	5,096	$	89	$	—	$	6,413
Provision (release)		(71)		(16)		(18)		(671)		(31)		7		(800)
Ending balance	$	883	$	133	$	107	$	4,425	$	58	$	7	$	5,613

The ACL balance increased $1.5 million during the quarter ended September 30, 2024 and included provision of $3.5 million due to economic factors and an increase in specific reserves for several smaller commercial and industrial loans. Net charge-offs for the quarter were $1.6 million, primarily due to charge-offs on three commercial and industrial loans. The reserve on unfunded commitments increased $0.4 million due to a shift in the mix of loan segments and change in reserve rate.

The ACL balance increased $4.3 million during the nine months ended September 30, 2024 and included provision of $7.6 million due to loan growth, economic factors, and an increase in specific reserves. Net charge-offs were $4.1 million for the nine months ended September 30, 2024, primarily due to charge-offs on six commercial and industrial loans, one commercial real estate – non-owner-occupied loan and one credit card account. The reserve on unfunded commitments decreased $0.8 million due to a decrease in unfunded commitments.

The following table presents the Company’s gross charge-offs by year of origination for the three and nine months ended September 30, 2024:


	For the Three Months Ended September 30, 2024
	Gross Charge-offs by Origination Year												Gross Charge-offs
															Revolving
															loans
															converted		Gross
											2019 and		Revolving		to term		Charge-
	2024		2023		2022		2021		2020		Prior		loans		loans		offs

	(Dollars in thousands)
Commercial and industrial	$	—	$	419	$	21	$	—	$	—	$	—	$	1,159	$	—	$	1,599
Energy		—		—		—		—		—		—		—		—		—
Commercial real estate - owner-occupied		—		—		—		—		—		—		—		—		—
Commercial real estate - non-owner-occupied		—		—		23		—		—		—		—		—		23
Residential real estate		—		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—		—
Total	$	—	$	419	$	44	$	—	$	—	$	—	$	1,159	$	—	$	1,622


	For the Nine Months Ended September 30, 2024
	Gross Charge-offs by Origination Year												Gross Charge-offs
															Revolving
															loans
															converted		Gross
											2019 and		Revolving		to term		Charge-
	2024		2023		2022		2021		2020		Prior		loans		loans		offs

	(Dollars in thousands)
Commercial and industrial	$	—	$	1,063	$	37	$	—	$	24	$	—	$	1,826	$	178	$	3,128
Energy		—		—		—		—		—		—		—		—		—
Commercial real estate - owner-occupied		—		—		—		—		—		—		—		—		—
Commercial real estate - non-owner-occupied		—		—		209		—		—		—		—		1,211		1,420
Residential real estate		—		—		—		—		—		—		—		—		—
Consumer		—		—		13		—		—		—		—		—		13
Total	$	—	$	1,063	$	259	$	—	$	24	$	—	$	1,826	$	1,389	$	4,561

Collateral Dependent Loans:

Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. The following tables present the amortized cost balance of loans considered collateral dependent by loan segment and collateral type as of September 30, 2024 and December 31, 2023:


As of September 30, 2024
					Amortized Cost of
					Collateral
	Amortized Cost of		Related Allowance		Dependent Loans
	Collateral		for		with no related
Loan Segment and Collateral Description	Dependent Loans		Credit Losses		Allowance

	(Dollars in thousands)
Commercial and industrial
All business assets	$	6,086	$	1,008	$	4,464
Energy
Oil and natural gas properties		18		—		18
Commercial real estate - owner-occupied
Commercial real estate properties		—		—		—
Commercial real estate - non-owner-occupied
Commercial real estate properties		—		—		—
Residential real estate
Residential real estate properties		—		—		—
	$	6,104	$	1,008	$	4,482


As of December 31, 2023
					Amortized Cost of
					Collateral
	Amortized Cost of		Related Allowance		Dependent Loans
	Collateral		for		with no related
Loan Segment and Collateral Description	Dependent Loans		Credit Losses		Allowance

	(Dollars in thousands)
Commercial and industrial
All business assets	$	9,308	$	1,392	$	6,198
Energy
Oil and natural gas properties		288		—		288
Commercial real estate - owner-occupied
Commercial real estate properties		204		—		204
Commercial real estate - non-owner-occupied
Commercial real estate properties		8,440		571		1,698
Residential real estate
Residential real estate properties		179		—		179
Consumer
Vehicles & other personal assets		—		—		—
	$	18,419	$	1,963	$	8,567

Loan Modifications

The Company considers loans to borrowers experiencing financial difficulties to be troubled loans and is required to evaluate whether loan modifications represent a new loan or a continuation of an existing loan. Such troubled debt modifications (“TDMs”) may include principal forgiveness, interest rate reductions, other-than-insignificant-payment delays, term extensions or any combination thereof.

The amortized cost basis of TDMs, which were modified to facilitate repayment, were $13.5 million and $9.2 million at September 30, 2024 and 2023, respectively. At September 30, 2024, the TDMs include loans modified during the prior twelve months in accordance with the accounting guidance for TDMs. At September 30, 2023, the TDMs include loans modified in the prior nine months based on the January 1, 2023 adoption of the accounting standard for TDMs. The following tables present, by loan segment, the amortized cost basis as of the dates shown for modified loans to borrowers experiencing financial difficulty:


	September 30, 2024
	Term Extension					Payment Delay					Combination - Term Extension and Payment Delay
	Amortized Cost Basis		% of Loan Class			Amortized Cost Basis		% of Loan Class			Amortized Cost Basis		% of Loan Class

	(Dollars in thousands)
Commercial and industrial	$	2,902		0.13	%	$	4,891		0.22	%	$	500		0.02	%
Commercial real estate - owner-occupied		—		—			4,924		0.84			—		—
Residential real estate		253		0.05			—		—			—		—
Total Loans	$	3,155				$	9,815				$	500


	September 30, 2023
	Term Extension
	Amortized Cost Basis		% of Loan Class
	(Dollars in thousands)
Commercial and industrial	$	4,674		0.20	%
Commercial real estate - owner-occupied		4,569		1.00
Total Loans	$	9,243

The following tables present the payment status by loan segment of the amortized cost basis of loans that have been modified as of the dates shown:


	Balance at September 30, 2024
			30-59 Days		60-89 Days		Greater than 90		Total
	Current		Past Due		Past Due		Days Past Due		Past Due

	(Dollars in thousands)
Commercial and industrial	$	6,360	$	—	$	—	$	1,933	$	1,933
Commercial real estate - owner-occupied		4,924		—		—		—		—
Residential real estate		—		—		—		253		253
Total Loans	$	11,284	$	—	$	—	$	2,186	$	2,186


	Balance at September 30, 2023
			30-59 Days		60-89 Days		Greater than 90		Total
	Current		Past Due		Past Due		Days Past Due		Past Due

	(Dollars in thousands)
Commercial and industrial	$	4,674	$	—	$	—	$	—	$	—
Commercial real estate - owner-occupied		4,569		—		—		—		—
Total Loans	$	9,243	$	—	$	—	$	—	$	—

The Company had three TDMs that were modified and had defaulted on their modified terms during the three and nine months ended September 30, 2024. During the three and nine months ended September 30, 2023, the Company had no TDMs that were modified and had defaulted on their modified terms. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due on principal or interest. The allowance for credit losses related to TDMs on non-accrual status is determined by individual evaluation, including collateral adequacy, using the same process as loans on non-accrual status which are not classified as TDMs.

The following schedules present the financial effect of the modifications made to borrowers experiencing financial difficulty as of the dates shown:


	September 30, 2024
	Financial Effect
	Term Extension	Payment Delay	Combination - Term Extension and Payment Delay
Commercial and industrial	Added a weighted average of 1.2 years to the life of loan, which reduced monthly payment amounts	Delayed payments for a weighted average of 0.6 years	Added a weighted average of 0.4 years to the life of loan, which reduced monthly payment amounts and delayed payments for a weighted average of 0.4 years
Commercial real estate - owner-occupied		Delayed payments for a weighted average of 0.5 years
Residential real estate	Added a weighted average of 0.4 years to the life of loan, which reduced monthly payment amounts


		September 30, 2023
		Financial Effect
		Term Extension
Commercial and industrial		Added a weighted average of 1.2 years to the life of loan, which reduced monthly payment amounts
Commercial real estate - owner-occupied		Added a weighted average of 0.5 years to the life of loan, which reduced monthly payment amounts

Allowance for Credit Losses on Off-Balance Sheet Credit Exposures

The Company estimates expected credit losses for off-balance sheet credit exposures unless the obligation is unconditionally cancellable by the Company. The ACL on off-balance sheet credit exposures is adjusted as a provision (release) for credit loss expense. The estimate is calculated for each loan segment and includes consideration of the likelihood that funding will occur and an estimate of the expected credit losses on commitments expected to be funded over its estimated life. For each pool of contractual obligations expected to be funded, the Company uses the reserve rate established for the related loan pools. The $6 million allowance for credit losses on off-balance sheet credit exposures at September 30, 2024 and December 31, 2023 are included in “interest payable and other liabilities” on the statements of financial condition.

The following categories of off-balance sheet credit exposures have been identified:

●

Loan commitments – include revolving lines of credit, non-revolving lines of credit, and loans approved that are not yet funded. Risks inherent to revolving lines of credit often are related to the susceptibility of an individual or business experiencing unpredictable cash flow or financial troubles, thus leading to payment default. The primary risk associated with non-revolving lines of credit is the diversion of funds for other expenditures.

●

Letters of credit – are primarily established to provide assurance to the beneficiary that the applicant will perform certain obligations arising out of a separate transaction between the beneficiary and applicant. If the obligation is not met, it gives the beneficiary the right to draw on the letter of credit.