Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Dec. 31, 2024	Feb. 10, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-25923
Entity Registrant Name	Eagle Bancorp, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-2061461
Entity Address, Address Line One	7830 Old Georgetown Road
Entity Address, Address Line Two	Third Floor
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	301
Local Phone Number	986-1800
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	EGBN
Security Exchange Name	NASDAQ
Entity a Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 551.8
Entity Common Stock, Shares Outstanding		30,204,202
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on May 15, 2025 are incorporated by reference in Part III hereof.
Entity Central Index Key	0001050441
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Audit Information [Abstract]
Auditor Firm ID	173
Auditor Name	Crowe LLP
Auditor Location	Washington, D.C.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 11,882	$ 9,047
Federal funds sold	2,581	3,740
Interest-bearing deposits with banks and other short-term investments	619,017	709,897
Investment securities available-for-sale (amortized cost of $1,408,935 and $1,668,316, respectively, and allowance for credit losses of $22 and $17, respectively)	1,267,404	1,506,388
Investment securities held-to-maturity, net of allowance for credit losses of $1,306 and $1,956, respectively (fair value of $820,382 and $901,582, respectively)	938,647	1,015,737
Federal Reserve and Federal Home Loan Bank stock	51,763	25,748
Loans held for investment, at amortized cost	7,934,888	7,968,695
Less allowance for credit losses	(114,390)	(85,940)
Loans held for investment, net of allowance	7,820,498	7,882,755
Premises and equipment, net	7,694	10,189
Right-of-use assets - operating leases	18,494	19,129
Deferred income taxes	91,472	86,620
Bank-owned life insurance	115,806	112,921
Goodwill and other intangible assets, net	16	104,925
Other real estate owned	2,743	1,108
Other assets	181,491	176,334
Total Assets	11,129,508	11,664,538
Deposits:
Noninterest-bearing demand	1,544,403	2,279,081
Interest-bearing transaction	1,211,791	997,448
Savings and money market	3,599,221	3,314,043
Time deposits	2,775,663	2,217,467
Total deposits	9,131,078	8,808,039
Customer repurchase agreements	33,157	30,587
Other short-term borrowings	490,000	1,369,918
Long-term borrowings	76,108	0
Operating lease liabilities	23,815	23,238
Reserve for unfunded commitments	3,463	5,590
Other liabilities	145,826	152,883
Total Liabilities	9,903,447	10,390,255
Shareholders’ Equity
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,202,003 and 29,925,612, respectively	298	296
Additional paid-in capital	384,932	374,888
Retained earnings	982,304	1,061,456
Accumulated other comprehensive income (loss)	(141,473)	(162,357)
Total Shareholders’ Equity	1,226,061	1,274,283
Total Liabilities and Shareholders’ Equity	$ 11,129,508	$ 11,664,538

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Investment securities available for sale, amortized cost	$ 1,408,935	$ 1,668,316
Allowance for credit losses	22	17
HTM Allowance for credit losses	(1,306)	(1,956)
HTM fair value	$ 820,382	$ 901,582
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	30,202,003	29,925,612
Common stock, outstanding (in shares)	30,202,003	29,925,612

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest Income
Interest and fees on loans	$ 548,389	$ 518,080	$ 358,967
Interest and dividends on investment securities	49,971	54,660	51,481
Interest on balances with other banks and short-term investments	88,770	52,300	13,304
Interest on federal funds sold	433	287	861
Total interest income	687,563	625,327	424,613
Interest Expense
Interest on deposits	320,421	257,544	83,261
Interest on customer repurchase agreements	1,271	1,218	356
Interest on other short-term borrowings	72,386	73,253	3,980
Interest on long-term borrowings	4,797	2,766	4,149
Total interest expense	398,875	334,781	91,746
Net Interest Income	288,688	290,546	332,867
Provision for credit losses	66,360	31,536	266
Provision for (Reversal of) Credit Losses for Unfunded Commitments	(2,127)	(267)	1,477
Net Interest Income After Provision for (Reversal of) Credit Losses	224,455	259,277	331,124
Noninterest Income
Service charges on deposits	6,843	6,455	5,399
Gain on sale of loans	57	418	3,702
Net gain (loss) on sale of investment securities	14	(11)	(169)
Increase in the cash surrender value of bank-owned life insurance	2,885	2,659	2,547
Other income	10,140	12,015	12,175
Total noninterest income	19,939	21,536	23,654
Noninterest Expense
Salaries and employee benefits	87,768	86,096	84,053
Premises and equipment expenses	11,382	12,606	13,218
Marketing and advertising	5,449	3,359	4,721
Data processing	14,093	13,083	12,171
Legal, accounting and professional fees	9,286	10,787	8,583
FDIC insurance	29,009	11,853	4,969
SEC/FRB penalties	0	0	22,977
Goodwill impairment	104,168	0	0
Other expenses	13,479	15,509	14,406
Total noninterest expense	274,634	153,293	165,098
Income (Loss) Before Income Tax Expense	(30,240)	127,520	189,680
Income Tax Expense	16,795	26,986	48,750
Net Income (Loss)	$ (47,035)	$ 100,534	$ 140,930
Earnings (Loss) Per Common Share
Basic (in dollars per share)	$ (1.56)	$ 3.31	$ 4.40
Diluted (in dollars per share)	$ (1.56)	$ 3.31	$ 4.39

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (47,035)	$ 100,534	$ 140,930
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on securities available-for-sale	15,406	32,519	(140,926)
Reclassification adjustment for net (gains) losses included in net income (loss)	(12)	8	111
Total unrealized gain (loss) on securities available-for-sale	15,394	32,527	(140,815)
Unrealized loss on securities transferred to held-to-maturity	0	0	(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	5,290	4,805	4,361
Total unrealized gain (loss) on investment securities held-to-maturity	5,290	4,805	(44,734)
Unrealized gain (loss) on derivatives	200	(182)	284
Other comprehensive income (loss)	20,884	37,150	(185,265)
Comprehensive Income (Loss)	$ (26,151)	$ 137,684	$ (44,335)

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2021		31,950,092
Balance at beginning of year at Dec. 31, 2021	$ 1,350,775	$ 316	$ 434,640	$ 930,061	$ (14,242)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	140,930			140,930
Other comprehensive loss (income), net of tax	(185,265)				(185,265)
Stock-based compensation expense	9,899		9,899
Issuance of common stock related to options exercised, net of shares disposed for payroll taxes (in shares)		3,289
Issuance of common stock related to options exercised, net of shares disposed for payroll taxes	97		97
Forfeitures of time based stock awards and vested shares disposed for payroll taxes (in shares)		117,211
Issuance of common stock under share-based compensation arrangements	0	$ 2	(2)
Issuance of common stock related to employee stock purchase plan (in shares)		14,611
Issuance of common stock related to employee stock purchase plan	748		748
Cash dividends declared	(55,776)			(55,776)
Common stock repurchased (in shares)		(738,300)
Common stock repurchased	(33,087)	$ (8)	(33,079)
Ending balance (in shares) at Dec. 31, 2022		31,346,903
Balance at end of year at Dec. 31, 2022	1,228,321	$ 310	412,303	1,015,215	(199,507)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	100,534			100,534
Other comprehensive loss (income), net of tax	37,150				37,150
Stock-based compensation expense	10,018		10,018
Forfeitures of time based stock awards and vested shares disposed for payroll taxes (in shares)		157,560
Issuance of common stock under share-based compensation arrangements	0	$ 1	(1)
Issuance of common stock related to employee stock purchase plan (in shares)		21,149
Issuance of common stock related to employee stock purchase plan	586		586
Cash dividends declared	(54,293)			(54,293)
Common stock repurchased (in shares)		(1,600,000)
Common stock repurchased	$ (48,033)	$ (15)	(48,018)
Ending balance (in shares) at Dec. 31, 2023	29,925,612	29,925,612
Balance at end of year at Dec. 31, 2023	$ 1,274,283	$ 296	374,888	1,061,456	(162,357)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	(47,035)			(47,035)
Other comprehensive loss (income), net of tax	20,884				20,884
Stock-based compensation expense	9,561		9,561
Forfeitures of time based stock awards and vested shares disposed for payroll taxes (in shares)		252,576
Issuance of common stock under share-based compensation arrangements	0	$ 2	(2)
Issuance of common stock related to employee stock purchase plan (in shares)		23,815
Issuance of common stock related to employee stock purchase plan	485		485
Cash dividends declared	(32,117)			(32,117)
Common stock repurchased (in shares)		0
Common stock repurchased	$ 0	$ 0	0
Ending balance (in shares) at Dec. 31, 2024	30,202,003	30,202,003
Balance at end of year at Dec. 31, 2024	$ 1,226,061	$ 298	$ 384,932	$ 982,304	$ (141,473)

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 1.065	$ 1.80	$ 1.75

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash Flows From Operating Activities:
Net Income (Loss)	$ (47,035)	$ 100,534	$ 140,930
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for credit losses	66,360	31,536	266
Provision for (reversal of) unfunded commitments	(2,127)	(267)	1,477
Goodwill impairment	104,168	0	0
Depreciation and amortization	3,198	3,480	3,319
Gains on sale of loans	(57)	(418)	(3,702)
Net (gain) loss on mortgage servicing rights	(1,512)	142	(837)
Securities premium amortization, net	5,416	6,189	9,011
Origination of loans held for sale	0	(29,690)	(299,317)
Proceeds from sale of loans held for sale	0	36,842	343,503
Deferred income tax (benefit) expense	2,601	(3,377)	6,560
Net gain on sale of other real estate owned	0	(134)	(248)
Net increase in cash surrender value of bank owned life insurance	(2,885)	(2,659)	(2,547)
Net (gain) loss on call/sale of investment securities	(14)	11	169
Stock-based compensation expense	9,561	10,018	9,899
Increase in other assets	(7,703)	(14,976)	(26,162)
Increase (decrease) in other liabilities	(6,201)	58,395	12,581
Net cash provided by operating activities	123,770	195,626	194,902
Cash Flows From Investing Activities:
Purchases of available-for-sale investment securities	0	0	(425,263)
Proceeds from maturities of available-for-sale investment securities	115,404	123,782	261,999
Proceeds from sale/call of available-for-sale investment securities	141,100	8,303	6,225
Purchase of held-to-maturity investment securities	0	0	(290,740)
Proceeds from maturities of held-to-maturity investment securities	70,235	78,251	115,777
Proceeds from call of held-to-maturity investment securities	11,868	2,906	8,350
Purchases of Federal Reserve Bank stock	(2,383)	(299)	(288)
Net proceeds from (purchases of) Federal Home Loan Bank stock	(23,633)	39,618	(30,626)
Proceeds from sale of mortgage servicing rights	4,798	0	0
Net increase in loans	(6,982)	(351,913)	(570,977)
Redemption of bank-owned life insurance	0	736	338
Proceeds from sale of other real estate owned	656	987	241
Purchases of premises and equipment	(326)	(70)	(2,113)
Net cash provided by (used in) investing activities	310,737	(97,699)	(927,077)
Cash Flows From Financing Activities:
Increase (decrease) in deposits	323,039	94,857	(1,268,358)
Increase (decrease) in customer repurchase agreements	2,570	(4,513)	11,182
Net Increase (decrease) in short-term borrowings	(880,000)	324,999	675,001
Net proceeds from long-term borrowings	75,812	0	0
Proceeds from exercise of equity compensation plans	0	0	97
Proceeds from employee stock purchase plan	485	586	748
Common stock repurchased	0	(48,033)	(33,087)
Cash dividends paid	(45,617)	(54,993)	(55,776)
Net cash provided by (used in) financing activities	(523,711)	312,903	(670,193)
Net Increase (Decrease) in Cash and Cash Equivalents	(89,204)	410,830	(1,402,368)
Cash and Cash Equivalents at Beginning of Period	722,684	311,854	1,714,222
Cash and Cash Equivalents at End of Period	633,480	722,684	311,854
Supplemental Cash Flow Information:
Interest paid	438,222	376,841	90,590
Income taxes paid	8,210	21,540	23,453
Supplemental Non-Cash Disclosures:
Initial recognition of operating lease right-of-use assets	5,786	418	0
Transfers of investment securities from available-for-sale to held-to-maturity	0	0	922,975
Transfer of loans for investment to loans held for sale	5,000	0	0
Transfers from loans to other real estate owned	$ 2,370	$ 0	$ 475

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Nature of Operations

Eagle Bancorp, Inc. (the "Parent") and its subsidiaries (together with the Parent, the “Company”), through EagleBank (the “Bank”), conducts a full service community banking business, primarily in Northern Virginia, Suburban Maryland and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank is also active in the origination of small business loans. The guaranteed portion of small business loans, guaranteed by the Small Business Administration ("SBA"), is typically sold to third party investors in a transaction apart from the loan’s origination.

The Bank offers its products and services through twelve banking offices, four lending centers and various digital capabilities, including PC and smartphone-enabled banking services. Eagle Insurance Services, LLC, a subsidiary of the Bank that previously offered access to insurance products and services through a referral program with a third party insurance broker, continues to receive fee income in connection with such program. Landroval Municipal Finance, Inc., a subsidiary of the Bank, focuses on lending to municipalities by buying debt on the public market as well as direct purchase issuance.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company with all significant intercompany transactions eliminated. EagleBank, a Maryland chartered commercial bank, is the Company’s principal subsidiary. The investment in subsidiaries is recorded on the Company’s books (Parent Only) on the basis of its equity in the net assets of the subsidiary (see Note 24 "Parent Company Financial Information" for further detail).

Basis of Presentation

The accounting and reporting policies of the Company conform to generally accepted accounting principles in the United States of America (“GAAP”) and to predominant practices in the banking industry. The Consolidated Financial Statements reflect all adjustments, consisting of normal recurring adjustments, that in the opinion of management are necessary to present fairly the results for the periods presented. Certain reclassifications have been made to 2023 amounts previously reported to conform to the 2024 presentation. Reclassifications had no effect on net income (loss) or shareholders' equity. The following is a summary of the significant accounting policies.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates and such differences could be material to the consolidated financial statements. The allowance for credit losses ("ACL") is a material estimate that is particularly susceptible to significant variance in the near-term.

Cash and Cash Equivalents and Statements of Cash Flows

For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, federal funds sold and interest bearing deposits with other banks that have an original maturity of three months or less. Net cash flows are reported for customer loan and deposit transactions, interest bearing deposits in other financial institutions, federal funds purchased, repurchase agreements and other borrowings.

Interest Bearing Deposits in Other Financial Institutions

Interest-bearing deposits in other financial institutions mature within one year and are carried at cost.

Investment Securities

The Company recognizes acquired securities on the trade date. Investment securities comprise debt securities, which are classified depending on the Company's intent and ability to hold the securities to maturity. Debt securities are classified as

available-for-sale ("AFS") when management may have the intent to sell them prior to maturity. Debt securities are classified as held-to-maturity ("HTM") and carried at amortized cost when management has the positive intent and ability to hold them to maturity.

AFS Securities are acquired as part of the Company’s asset/liability management strategy and may be sold in response to changes in interest rates, current market conditions, loan demand, changes in prepayment risk and other factors. AFS securities are carried at fair value, with unrealized gains or losses, other than impairment losses, being reported as accumulated other comprehensive income (loss), a separate component of shareholders’ equity, net of deferred income tax. Realized gains and losses, using the specific identification method, are included as a separate component of noninterest income in the Consolidated Statements of Operations.

Premiums and discounts on investment securities are amortized/accreted to the earlier of call or maturity based on expected lives, which lives are adjusted based on prepayment assumptions and call optionality. Declines in the fair value of individual available-for-sale securities below their cost that are other-than-temporary in nature result in write-downs of the individual securities to their fair value. Factors affecting the determination of whether other-than-temporary impairment has occurred include a downgrading of the security by a rating agency or a significant deterioration in the financial condition of the issuer. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include the: (1) magnitude of the decline in value; (2) financial condition of the issuer or issuers; and (3) structure of the security.

Premiums and discounts on HTM securities, like AFS securities, are amortized or accreted to the earlier of call or maturity based on expected lives, which include prepayment adjustments and call optionality.

Transfers of Investment Securities from Available-for-Sale to Held-to-Maturity

Transfers of debt securities into the HTM category from the AFS category are made at amortized cost, net of unrealized gain or loss reported in accumulated other comprehensive income (loss) at the date of transfer. The unrealized holding gain or loss at the date of transfer is retained in other comprehensive income (loss) and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining life of the security.

The Company does not intend to sell the HTM investments, and it is more likely than not that the Company will not have to sell the securities before recovery of its amortized cost basis, which may be at maturity.

For the impairment of investment securities please see "Allowance for Credit Losses - AFS Securities" and "Allowance for Credit Losses - HTM Securities" below.

Loans

The Company classifies loans in its portfolio as held for investment (“HFI”) when management has the intent and ability to hold the loans for the foreseeable future or until maturity or payoff. HFI loans are stated at the principal amount outstanding, net of unamortized deferred costs and fees. Interest income on loans is recognized at the contractual rate on the principal amounts outstanding. It is the Company’s policy to discontinue the accrual of interest when circumstances indicate that collection is doubtful. Loan origination fees, net of direct loan origination costs, and commitment fees are deferred and amortized on the interest method over the term of the loan.

Past due loans are placed on nonaccrual status when the contractual payment of principal or interest has become 90 days past due or there is a clear indication that the borrower's cash flow may not be sufficient to meet payments as they become due, even when the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is well secured. When a loan is placed on nonaccrual status, all previously accrued and unpaid interest is reversed through interest income. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. A loan is placed back on accrual status when both principal and interest are current and it is probable that we will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement.

Allowance for Credit Losses

The following table presents a breakdown of the current provision for credit losses included in our Consolidated Statements of Operations for the applicable periods:


	For the Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Provision for (reversal of) credit losses - loans	$	67,005	$	30,346	$	103
Provision for credit losses - HTM debt securities	(645)		1,190		766
Provision for (reversal of) credit losses - AFS debt securities	—		—		(603)
Total Provision for credit losses	$	66,360	$	31,536	$	266

Allowance for Credit Losses - Loans

The ACL - Loans is an estimate of the expected credit losses in the HFI loans portfolio. The Company's ACL on its loan portfolio is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the allowance when they are deemed uncollectible. Expected recoveries are recorded to the extent they do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.

The ACL - Loans is measured on a collective pool basis when similar risk characteristics are present. Reserves on loans that do not share similar risk characteristics are evaluated on an individual basis. Nonaccrual loans are specifically reviewed for loss potential and when deemed appropriate are assigned a reserve based on an individual evaluation. The remainder of the portfolio, representing all loans not evaluated individually for impairment, is pooled into portfolio segments by call report codes and a loan-level probability of default (“PD”) / Loss Given Default (“LGD”) cash flow method is applied using an exposure at default (“EAD”) model. These historical loss rates are then modified to incorporate our reasonable and supportable forecast of future losses at the portfolio segment level, as well as any necessary qualitative adjustments.

The Company uses regression analysis of historical internal and peer data provided by a third-party provider (as Company loss data is insufficient) to determine suitable credit loss drivers to utilize when modeling lifetime PD and LGD. This analysis also determines how expected PD will be impacted by different forecasted levels of the loss drivers. A similar process is employed to calculate a reserve assigned to off-balance sheet commitments, specifically unfunded loan commitments and letters of credit, and any needed reserve is recorded in reserve for unfunded commitments (“RUC”) on the Consolidated Balance Sheets. For periods beyond which we are able to develop reasonable and supportable forecasts, we revert to the historical loss rate on a straight-line basis over a twelve-month period.

The Company uses a loan-level PD/LGD cash flow method with an EAD model to estimate expected credit losses. In accordance with ASC 326, expected credit losses are measured on a collective (pooled) basis for financial assets with similar risk characteristics. The bank groups collectively assessed loans using a call report code. Some unique loan types, such as Paycheck Protection Program ("PPP") loans, are grouped separately due to their specific risk characteristics. For each of the loan segments listed below, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, PD rates and LGD rates. The modeling of expected prepayment speeds is based on historical internal data. EAD is based on each instrument's underlying amortization schedule in order to estimate the bank's expected credit loss exposure at the time of the borrower's potential default.

A summary of our primary portfolio segments is as follows:

Commercial. The commercial loan portfolio comprises lines of credit and term loans for working capital, equipment and other business assets across a variety of industries. These loans are used for general corporate purposes including financing working capital, internal growth and acquisitions; and are generally secured by accounts receivable, inventory, equipment and other assets of our clients’ businesses.

Income producing – commercial real estate. Income producing commercial real estate loans comprise permanent and bridge financing provided to professional real estate owners/managers of commercial and residential real estate projects and properties who generally have a demonstrated record of past success with similar properties. Collateral properties include apartment buildings, office buildings, hotels, mixed-use buildings, retail, data centers, warehouse, and shopping centers. The primary source of repayment on these loans is generally expected to come from lease or operation of the real property collateral. Income producing commercial real estate loans are impacted by fluctuation in collateral values, as well as rental demand and rates.

Owner occupied – commercial real estate. The owner occupied commercial real estate portfolio comprises permanent financing provided to operating companies and their related entities for the purchase or refinance of real property wherein their business operates. Collateral properties include industrial property, office buildings, religious facilities, mixed-use property, health care and educational facilities.

Real Estate Mortgage – Residential. Real estate mortgage residential loans comprise consumer mortgages for the purpose of purchasing or refinancing first lien real estate loans secured by primary-residence, second-home and rental residential real property.

Construction – commercial and residential. The construction commercial and residential loan portfolio comprises loans made to builders and developers of commercial and residential property, for renovation, new construction and development projects. Collateral properties include apartment buildings, mixed use property, residential condominiums, single and 1-4 residential property and office buildings. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. Construction loans are impacted by fluctuations in collateral values and the ability of the borrower or ultimate purchaser to obtain permanent financing.

Construction – commercial and industrial ("C&I") (owner occupied). The construction C&I (owner occupied) portfolio comprises loans to operating companies and their related entities for new construction or renovation of the real or leased property in which they operate. Generally these loans contain provisions for conversion to an owner occupied commercial real estate loan or to a commercial loan after completion of construction. Collateral properties include industrial, healthcare, religious facilities, restaurants and office buildings.

Home Equity. The home equity portfolio comprises consumer lines of credit and loans secured by subordinate liens on residential real property.

Other Consumer. The other consumer portfolio comprises consumer loans not secured by real property, including personal lines of credit and loans, overdraft lines and vehicle loans. This category also includes other loan items such as overdrawn deposit accounts as well as loans and loan payments in process.

The ACL also includes a qualitative adjustment for inherent risks not reflected in the historical quantitative analysis associated with the reasonable and supportable forecast. Relevant factors include, but are not limited to, concentrations of credit risk, changes in underwriting standards, experience and depth of lending staff and trends in delinquencies. While our methodology in establishing the reserve for credit losses attributes portions of the ACL and RUC to the commercial and consumer portfolio segments, the entire ACL and RUC is available to absorb credit losses expected in the total loan portfolio and total amount of unfunded credit commitments, respectively. Our model may reflect assumptions by management that are not covered by the qualitative and environmental factors, and we reevaluate all of its factors quarterly.

For our cash flow model, management historically forecasted regional unemployment. During the first quarter of 2024, management enhanced the cash flow model to incorporate three macroeconomic variables in addition to national unemployment. The four economic variables selected, national unemployment, which was the original variable used, Commercial Real Estate ("CRE") Price Index, House Price Index and Gross Domestic Product ("GDP"), are incorporated by utilizing a Loss Driver Analysis approach that factors in historical losses, including during the Great Recession, of regional peer banks and the Bank. The updated model incorporates a weighting of three economic scenarios; baseline, upside and downside. The scenarios cover the four economic forecast variables, with each segment of the portfolio linked to two of these variables, depending on the segment. The loss driver analysis is spread over a reasonable and supportable period of 18 months and reverts back to a historical loss rate over twelve months on a straight-line basis over the loan's remaining maturity. Management leverages economic projections from reputable and independent third parties to inform its loss driver forecasts over the forecast period.

The ACL also includes an amount for inherent risks not reflected in the historical analyses. Relevant factors include, but are not limited to, concentrations of credit risk, changes in underwriting standards, experience and depth of lending staff and trends in delinquencies. While our methodology in establishing the ACL attributes portions of the ACL and RUC to the separate loan pools or segments, the entire ACL and RUC is available to absorb credit losses expected in the total loan portfolio and total amount of unfunded credit commitments, respectively. Portfolio segments are used to pool loans with similar risk characteristics and align with our methodology for measuring expected credit losses ("CECL").

We have several pass credit grades that are assigned to loans based on varying levels of risk, ranging from loans that are secured by cash or marketable securities, to watch list loans that have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring. Special mention loans are those that are currently protected by the sound worth and paying capacity of the borrower, but that are potentially weak and constitute an additional credit risk. These loans have the potential to deteriorate to a substandard grade due to the existence of financial or administrative deficiencies. Substandard loans have a well-defined weakness or weaknesses that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Some substandard loans are inadequately protected by the sound worth and paying capacity of the borrower and of the collateral pledged and may be considered impaired. Substandard loans can be accruing or can be on nonaccrual depending on the circumstances of the individual loans. Loans graded as doubtful have all the weaknesses inherent in substandard loans with the added characteristics that the weaknesses make collection in full highly questionable and improbable. The possibility of loss is extremely high. All doubtful loans are accounted for on a nonaccrual basis. Classified loans is the aggregation of loans graded substandard and doubtful.

The methodology used in the estimation of the ACL, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Changes are reflected in the pool-basis allowance and individually assessed loans as the collectability of classified loans is evaluated with new information. As our portfolio has matured, historical loss ratios have been closely monitored. The review of the appropriateness of the allowance is performed by executive management and presented to management committees and the Audit Committee of the Board of Directors (the "Board"). The committees' reports to the Board are part of the Board's review on a quarterly basis of our consolidated financial statements.

When management determines that foreclosure is probable, and for certain collateral-dependent loans where foreclosure is not considered probable, expected credit losses are based on the estimated fair value of the collateral adjusted for selling costs, when appropriate. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless management has a reasonable expectation that a borrower will experience financial difficulty. We do not measure an ACL on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when loans are placed on nonaccrual status.

Loans Held for Sale

The Company regularly engages in the sale of the guaranteed portion of SBA loans originated by the Bank. The Company previously regularly engaged in sale of residential mortgage loans held for sale through the end 2022. In the first quarter of 2023, the Company ceased originations of first lien residential mortgage loans for secondary sale and completed residual origination and sales activities in the second quarter of 2023.

The sale of the guaranteed portion of SBA loans on a servicing retained basis gives rise to an excess servicing asset, which is computed on a loan by loan basis with the unamortized amount being included in intangible assets in the Consolidated Balance Sheets. This excess servicing asset is being amortized on a straight-line basis (with adjustment for prepayments) as an offset to servicing fees collected and is included in other income in the Consolidated Statements of Operations.

The Company originated multifamily FHA loans through the Department of Housing and Urban Development’s Multifamily Accelerated Program. The Company securitized these loans through the Government National Mortgage Association ("Ginnie Mae") MBS I program and sells the resulting securities in the open market to authorized dealers in the normal course of business and periodically bundles and sells the servicing rights. When servicing was retained on multifamily FHA loans securitized and sold, the Company computed an excess servicing asset on a loan by loan basis. During the year ended December 31, 2024, the Company sold the remaining servicing rights to all multifamily FHA loans. Unamortized multifamily FHA mortgage servicing rights ("MSRs") were zero as of December 31, 2024 and $2.3 million as of December 31, 2023.

Noninterest Income includes gains from the sale of the Ginnie Mae securities and net revenues earned on the servicing of multifamily FHA loans underlying the Ginnie Mae securities. Revenue from servicing commercial multifamily FHA mortgages is recognized as earned based on the specific contractual terms of the underlying servicing agreements, along with amortization of and changes in impairment of MSRs.

Collateral Dependent Financial Assets

For collateral dependent loans for which the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the net present value ("NPV") from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset.

Loan Modifications to Borrowers in Financial Difficulty

The Company evaluates loan restructurings to determine if we have a loan modification and whether it results in a new loan or the continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there are principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications.

A loan that is considered a modified loan may be subject to an individually-evaluated loan analysis if the commitment is $500 thousand or greater; otherwise, the restructured loan remains in the appropriate segment in the ACL model and associated provisions are adjusted based on changes in the discounted cash flows resulting from the modification of the restructured loan. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status, foreclosure or repossession of the collateral to minimize economic loss to the Company.

Allowance for Credit Losses - AFS Securities

For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either criteria is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income, as a non-credit-related impairment.

The entire amount of an impairment loss is recognized in earnings (loss) only when: (1) the Company intends to sell the security; or (2) it is more likely than not that the Company will have to sell the security before recovery of its amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings (loss), with the remaining portion being recognized in other comprehensive income (loss), net of deferred taxes. Changes in the ACL are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the uncollectability of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met.

We have made a policy election to exclude accrued interest from the amortized cost basis of AFS debt securities and report accrued interest separately in accrued interest and other assets in the Consolidated Balance Sheets. AFS debt securities are placed on nonaccrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on nonaccrual status. Accordingly, we do not recognize an allowance for credit loss against accrued interest receivable.

Allowance for Credit Losses - HTM Securities

The Company separately evaluates its HTM investment securities for any credit losses. The Company pools like securities and calculates expected credit losses through an estimate based on a security's credit rating, which is recognized as part of the ACL for HTM securities and included in the balance of HTM securities on the Consolidated Balance Sheets. If the Company determines that a security indicates evidence of deteriorated credit quality, the security is individually evaluated and a discounted cash flow analysis may be performed and compared to the amortized cost basis.

Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures

Financial instruments include off-balance sheet credit instruments such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded.

The Company records a RUC on off-balance sheet credit exposures through a charge to provision for credit loss expense in the Company's Consolidated Statement of Operations. The RUC on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur and is included in the RUC on the Company’s Consolidated Balance Sheets.

Premises and Equipment

Premises and equipment are stated at cost less accumulated depreciation and amortization computed using the straight-line method for financial reporting purposes. Premises and equipment are depreciated over the useful lives of the assets, which generally range from three to seven years for furniture, fixtures and equipment, three to five years for computer software and hardware and five to twenty years for leasehold improvements. Leasehold improvements are amortized over the terms of the respective leases, which may include renewal options where management has the positive intent to exercise such options or the estimated useful lives of the improvements, whichever is shorter. The costs of major renewals and betterments are capitalized, while the costs of ordinary maintenance and repairs are expensed as incurred. These costs are included as a component of premises and equipment expenses on the Consolidated Statements of Operations.

Other Real Estate Owned (OREO)

Assets acquired through loan foreclosure are held for sale and are recorded at fair value less estimated selling costs when acquired, establishing a new cost basis. The new basis is supported by appraisals that are generally no more than twelve months old. Costs after acquisition are generally expensed. If the fair value of the asset declines, a write-down is recorded through noninterest expense. The valuation of foreclosed assets is subjective in nature and may be adjusted in the future because of changes in market conditions or appraised values.

Goodwill and Other Intangible Assets

Goodwill represents the excess of the cost of an acquisition over the fair value of the net identifiable assets acquired. Other intangible assets include purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite lives, such as core deposit intangibles, are amortized over their estimated useful lives. All intangible assets are subject to periodic impairment testing. Intangible assets (other than goodwill) are amortized to expense using accelerated or straight-line methods over their respective estimated useful lives.

Goodwill is deemed to have an indefinite useful life and as such is not subject to amortization, and instead is subject to impairment testing at the reporting unit level, which must be conducted either at least annually, as well as when events or changes in circumstances indicate the assets might be impaired and/or upon the occurrence of a triggering event. Various factors, such as the Company’s results of operations, the trading price of the Company’s common stock relative to the book value per share, macroeconomic conditions and conditions in the banking sector, inform whether a triggering event for an interim goodwill impairment test has occurred. Goodwill is recorded and evaluated for impairment at its reporting unit, the Company. The Company's policy is to test goodwill for impairment annually as of December 31, or on an interim basis if an event triggering an impairment assessment is determined to have occurred.

The Company has determined that it has a single reporting unit. If the fair values of the reporting unit exceed the book value, no write-down of recorded goodwill is required. If the fair value of a reporting unit is less than book value, an expense

may be required to write-down the related goodwill to the proper carrying value. Any impairment would be recorded through a reduction of goodwill or other intangible asset and an offsetting charge to noninterest expense.

Testing of goodwill impairment comprises a two-step process. First, the Company performs a qualitative assessment to evaluate relevant events or circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is more likely than not that an impairment has occurred, it proceeds to the quantitative impairment test, whereby it calculates the fair value of the reporting unit and compares it with its carrying amount, including goodwill. In its performance of impairment testing, the Company has the unconditional option to proceed directly to the quantitative impairment test, bypassing the qualitative assessment. If the carrying amount of the reporting unit exceeds the fair value, the amount by which the carrying amount exceeds fair value, up to the carrying value of goodwill, is recorded through earnings (loss) as an impairment charge. If the results of the qualitative assessment indicate that it is not more likely than not that an impairment has occurred, or if the quantitative impairment test results in a fair value of the reporting unit that is greater than the carrying amount, then no impairment charge is recorded.

During the second quarter ended June 30, 2024, Management determined that a triggering event had occurred as a result of the share price trading under book value for more than four quarters due to the impact of changing macroeconomic conditions and rising interest rates on the banking industry, resulting in a sustained decrease in the Company's stock price. As a result of the triggering event, the Company engaged a third-party service provider to assist Management with the determination of the fair value of the Company during the second quarter of 2024. The valuation indicated that the fair value did not exceed the carrying amount of the Company's sole reporting unit as of May 31, 2024 which resulted in a determination that goodwill had become fully impaired. The goodwill impairment charge of $104.2 million reduced the carrying value of the Company's goodwill to zero as of June 30, 2024. The impaired goodwill was primarily related to the acquisition of the Virginia Heritage Bank in October 2014. The impairment charge did not impact our cash flows, liquidity ratios, core operating performance, or regulatory capital ratios.

Interest Rate Swap Derivatives

As required by ASC Topic 815, "Derivatives and Hedging", the Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings (loss) effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

Revenue Recognition

The majority of our revenue-generating transactions are not subject to ASC 606 "Revenue from Contracts with Customers", including revenue generated from financial instruments, such as loans, letters of credit, derivatives and investment securities, as well as revenue related to our mortgage servicing activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. Substantially all of the Company’s revenue is generated from contracts with customers. Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our Statements of Operations as components of noninterest income are as follows:

•Service charges on deposit accounts (i.e. automated teller machine ("ATM") fees) - These represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations is generally received at the time the performance obligations are satisfied.

•Other Fees (i.e. insurance commissions, investment advisory fees, credit card fees, interchange fees) – Generally, the Company receives compensation when a customer that it refers opens an account with certain third-parties.

•Sale of OREO – The Company assesses whether it is “probable” that it will collect the consideration to which it will be entitled in exchange for transferring the asset to the customer.

Customer Repurchase Agreements

The Company enters into agreements under which it sells securities subject to an obligation to repurchase the same securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. As a result, securities sold under agreements to repurchase are accounted for as collateralized financing arrangements and not as a sale and subsequent repurchase of securities. The agreements are entered into primarily as accommodations for large commercial deposit customers. The obligation to repurchase the securities is reflected as a liability in the Company’s Consolidated Balance Sheets, while the securities underlying the securities sold under agreements to repurchase remain in the respective asset accounts and are delivered to and held as collateral by third party trustees.

Marketing and Advertising

Marketing and advertising costs are generally expensed as incurred.

Income Taxes

The Company employs the asset and liability method of accounting for income taxes as required by ASC 740, “Income Taxes.” Under this method, deferred tax assets and liabilities are determined based on differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities (i.e. temporary differences) and are measured at the enacted rates that will be in effect when these differences reverse. We recognize deferred tax assets ("DTA") to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, carryback potential if permitted under the tax law, and results of recent operations. If we determine that we would be able to realize our DTAs in the future in excess of their recorded amount, we would make an adjustment to the DTA valuation allowance, which would reduce the provision for income taxes.

The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, the Company believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized upon settlement with the applicable taxing authority.

The Company's policy is to recognize interest accrued and penalties on income taxes in other noninterest expense.

Transfer of Financial Assets

Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. In certain cases, the recourse to the Bank to repurchase assets may exist but is deemed immaterial based on the specific facts and circumstances.

Stock-Based Compensation

In accordance with ASC Topic 718, “Compensation,” the Company records as salaries and employee benefits expense on its Consolidated Statements of Operations an amount equal to the amortization (over the remaining service period) of the fair value of option and restricted stock awards computed at the date of grant. Salary and employee benefits expense on variable stock grants (i.e., performance based grants) is recorded based on the probability of achievement of the goals underlying the performance grant. Refer to Note 16 - "Stock-Based Compensation" for a description of stock-based compensation awards, activity and expense for the years ended December 31, 2024, 2023 and 2022. The Company records the discount from the fair market value of shares issued under its Employee Share Purchase Plan as a component of Salaries and employee benefits expense in its Consolidated Statement of Operations.

Earnings (Loss) per Common Share

Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period measured. Diluted earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period including the potential dilutive effects of common stock equivalents.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on debt securities available for sale, debt securities transferred to HTM from AFS, and derivatives, net of taxes. Other comprehensive income (loss) is recognized as a separate component of equity.

Loss Contingencies

Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe such matters exist that will have a material effect on the financial statements.

Segment Reporting

The Company has one reporting unit, one operating segment and, consequently, a single reportable segment. Refer to Note 25 - "Segment Reporting" for further details.

New Authoritative Accounting Guidance

Accounting Standards Pending Adoption

ASU No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative" ("ASU 2023-06") incorporates into the Accounting Standards Codification (ASC or Codification) several U.S. Securities and Exchange Commission ("SEC") disclosure requirements under Regulations S-K and S-X. The amendments in the ASU are intended to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. These requirements are similar to, but require additional information than, generally accepted accounting principles. These new updates modify the disclosure or presentation requirements of a variety of Topics in the Codification. Entities should apply the amendments in ASU 2023-06 prospectively. For entities subject to the SEC’s existing disclosure requirements and for entities that have to file or provide financial statements with or to the SEC for the purpose of selling or issuing securities that do not have contractual limits on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. As a result, the effective date will be different for each individual disclosure based on the effective date of the SEC’s deletion of the related disclosure. Early adoption is prohibited. For all other entities, the effective date will be two years later. Early adoption is permitted for these entities, but not before the provisions of the ASU become effective for entities subject to SEC’s regulation. The effective dates of the amendments are predicated on the SEC removing its related disclosure requirements from its regulations. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. We are currently in the process of evaluating this guidance.

ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"). The ASU requires additional income tax disclosures around effective tax rates and cash income taxes paid. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 and interim periods within those fiscal years. The Company is currently evaluating the effect that ASU 2023-09 will have on its consolidated financial statements.

ASU No. 2024-01, "Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards" ("ASU 2024-01") clarifies how an entity determines whether a profits interest or similar award (hereafter a "profits interest award") is accounted for either (1) as a share-based payment arrangement, and therefore, within the scope of ASC 718 or (2) not a share-based payment arrangement and therefore within the scope of other guidance. ASU 2024-01 also

improves the clarity and operation of the guidance in ASC 718-10-15-3. The guidance in ASU 2024-01 applies to all entities that issue profits interest awards as compensation to employees or non-employees in exchange for goods or services. For public business entities, the amendments are effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. If an entity adopts the amendments in an interim period, it should adopt them as of the beginning of the annual period that includes that interim period. The amendments should be applied (i) retrospectively to all prior periods presented in the financial statements or (ii) prospectively to profits interest and similar awards granted or modified on or after the date at which the entity first applies the amendments. If the amendments are applied prospectively, an entity is required to disclose the nature of and reason for the change in accounting principle. We are currently in the process of evaluating this guidance.

ASU No. 2024-02, "Codification Improvements—Amendments to Remove References to the Concepts Statements" ("ASU 2024-02") amends the Accounting Standard Codification (“Codification”) by removing references to various concepts statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior statements to provide guidance in certain topical areas. As stated in paragraph 105-10-05-3 of the Codification, FASB Concepts Statements are non-authoritative. These amendments will simplify the Codification which will further draw a distinction between authoritative and non-authoritative literature. The amendments are effective for public business entities for fiscal years beginning after December 15, 2024. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2025. Early application of the amendments is permitted for all entities, for any fiscal year or interim period for which financial statements have not yet been issued (or made available for issuance). If an entity adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments using one of the following transition methods: (1) prospectively to all new transactions recognized on or after the date that the entity first applies the amendments, or (2) retrospectively to the beginning of the earliest comparative period presented in which the amendments were first applied. We are currently in the process of evaluating this guidance.

ASU No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40); Disaggregation of Income Statement Expenses” (“ASU 2024-03”) which requires disaggregated disclosure of income statement expenses for public business entities. The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements at interim and annual reporting periods. ASU 2024-03 adds to ASC 220-40 to require a footnote disclosure about specific expenses by requiring public business entities to disaggregate, in a tabular presentation, each relevant expense caption on the face of the income statement that includes any of the following natural expenses: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization recognized as part of oil- and gas-producing activities or other types of depletion expenses. The tabular disclosure would also include certain other expenses, when applicable. ASU 2024-03 does not change or remove existing expense disclosure requirements; however, it may affect where that information appears in the footnotes to the financial statements. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this update should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this Update or (2) retrospectively to any or all prior periods presented in the financial statements. We are currently in the process of evaluating this guidance.

Accounting Standards Adopted in 2024

ASU No. 2023-07,"Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." ("ASU 2023-07") requires filers to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity’s chief operating decision maker ("CODM") and an explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. ASU 2023-07 is effective for the Company for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Since early adoption is permitted, the Company adopted the guidance prescribed under ASU 2023-07 effective January 1, 2024. Adoption of this guidance did not have a material impact on our consolidated financial statements for fiscal year 2024.

Cash and Due from Banks	12 Months Ended
Cash and Due from Banks	Dec. 31, 2024
Cash and Cash Equivalents [Abstract]
Cash and Due from Banks	Cash and Due from Banks In the years ended December 31, 2024 and 2023, the Bank maintained average daily balances at the Federal Reserve Bank of Richmond ("Federal Reserve Bank") of $1.8 billion and $1.1 billion, respectively, on which interest is paid. Additionally, the Bank maintains interest-bearing balances with the Federal Home Loan Bank of Atlanta ("FHLB") and noninterest-bearing balances with domestic correspondent banks to cover associated costs for services they provide to the Bank.

Investment Securities

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Investment Securities

The following tables summarize the Company's investment in AFS and HTM securities by major security type:


(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Estimated Fair Value
December 31, 2024
Investment securities available-for-sale:
U.S. treasury bonds	$	24,988	$	—	$	(212)	$	—	$	24,776
U.S. agency securities	600,277		—		(41,742)		—		558,535
Residential mortgage-backed securities	719,815		36		(94,535)		—		625,316
Commercial mortgage-backed securities	53,248		—		(4,303)		—		48,945
Municipal bonds	8,607		—		(593)		—		8,014
Corporate bonds	2,000		—		(160)		(22)		1,818
Total available-for-sale securities	$	1,408,935	$	36	$	(141,545)	$	(22)	$	1,267,404


(dollars in thousands)	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Estimated Fair Value
December 31, 2024
Investment securities held-to-maturity:


Residential mortgage-backed securities	$	605,904	$	—	$	(85,941)	$	519,963
Commercial mortgage-backed securities	88,575		—		(13,069)		75,506
Municipal bonds	114,060		—		(11,389)		102,671
Corporate bonds	131,414		—		(9,172)		122,242
Total	939,953		$	—	$	(119,571)	$	820,382
Less: allowance for credit losses	(1,306)
Total held-to-maturity securities, net of ACL	$	938,647


(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Estimated Fair Value
December 31, 2023
Investment securities available-for-sale:
U.S. treasury bonds	$	49,894	$	—	$	(1,993)	$	—	$	47,901
U.S. agency securities	729,090		—		(57,693)		—		671,397
Residential mortgage-backed securities	823,992		45		(96,684)		—		727,353
Commercial mortgage-backed securities	54,557		—		(4,993)		—		49,564
Municipal bonds	8,783		—		(293)		—		8,490
Corporate bonds	2,000		—		(300)		(17)		1,683
Total available-for-sale securities	$	1,668,316	$	45	$	(161,956)	$	(17)	$	1,506,388


(dollars in thousands)	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Estimated Fair Value
December 31, 2023
Investment securities held-to-maturity:


Residential mortgage-backed securities	$	670,043	$	—	$	(79,980)	$	590,063
Commercial mortgage-backed securities	90,227		—		(12,867)		77,360
Municipal bonds	125,114		5		(8,540)		116,579
Corporate bonds	132,309		—		(14,729)		117,580
Total	1,017,693		$	5	$	(116,116)	$	901,582
Less: allowance for credit losses	(1,956)
Total held-to-maturity securities, net of ACL	$	1,015,737

In addition, at December 31, 2024 and December 31, 2023, the Company held $51.8 million and $25.7 million in non marketable equity securities, respectively, in a combination of Federal Reserve System ("Federal Reserve Board," "Federal Reserve" or "FRB") and FHLB stocks, which are required to be held for regulatory purposes. These securities cannot be disposed of other than through redemption by the issuer and, if redeemed, would be redeemed at the original cost. The securities are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of par value.

The Company reassessed classification of certain investments in the first quarter of 2022 and, effective March 31, 2022, it transferred a total of $1.1 billion of MBS, municipal bonds and corporate bonds from available-for-sale to held-to-maturity securities, including $237.0 million of securities acquired in the first quarter of 2022 for which its intention to hold to maturity was finalized. At the time of transfer, the Company reversed the allowance for credit losses associated with the available-for-sale securities through the provision for credit losses. The securities were transferred at their amortized cost basis, net of any remaining unrealized gain or loss reported in accumulated other comprehensive income (loss). The related unrealized loss of $66.2 million was included in other comprehensive loss at the time of transfer and, as of December 31, 2024, $44.8 million remains in accumulated other comprehensive loss, to be amortized out through interest income as a yield adjustment over the remaining term of the securities. No gain or loss was recorded at the time of transfer. Subsequent to transfer, the allowance for credit losses on these securities was evaluated under the accounting policy for held-to-maturity securities.

Accrued interest receivable on investment securities totaled $6.6 million and $7.6 million at December 31, 2024 and December 31, 2023, respectively. The accrued interest on investment securities is excluded from the amortized cost of the securities and is reported in other assets in the Consolidated Balance Sheets.

The following tables summarize, by length of time, the Company's AFS securities that have been in a continuous unrealized loss position and HTM securities that have been in a continuous unrecognized loss position:


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses
December 31, 2024
Investment securities available-for-sale:
U.S. treasury bonds	1	$	—	$	—	$	24,776	$	(212)	$	24,776	$	(212)
U.S. agency securities	71	2,300		(8)		556,235		(41,734)		558,535		(41,742)
Residential mortgage-backed securities	148	7,530		(128)		616,392		(94,407)		623,922		(94,535)
Commercial mortgage-backed securities	13	—		—		48,945		(4,303)		48,945		(4,303)
Municipal bonds	1	—		—		8,014		(593)		8,014		(593)
Corporate bonds	1	—		—		1,818		(160)		1,818		(160)
Total	235	$	9,830	$	(136)	$	1,256,180	$	(141,409)	$	1,266,010	$	(141,545)


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses
December 31, 2024
Investment securities held-to-maturity:


Residential mortgage-backed securities	140	$	—	$	—	$	519,963	$	(85,941)	$	519,963	$	(85,941)
Commercial mortgage-backed securities	16	—		—		75,506		(13,069)		75,506		(13,069)
Municipal bonds	36	4,026		(75)		98,645		(11,314)		102,671		(11,389)
Corporate bonds	30	1,928		(77)		110,280		(9,095)		112,208		(9,172)
Total	222	$	5,954	$	(152)	$	804,394	$	(119,419)	$	810,348	$	(119,571)


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses
December 31, 2023
Investment securities available-for-sale:
U.S. treasury bonds	2	$	—	$	—	$	47,901	$	(1,993)	$	47,901	$	(1,993)
U.S. agency securities	78	3,084		(4)		668,313		(57,689)		671,397		(57,693)
Residential mortgage-backed securities	149	—		—		718,042		(96,684)		718,042		(96,684)
Commercial mortgage-backed securities	13	—		—		49,564		(4,993)		49,564		(4,993)
Municipal bonds	1	—		—		8,490		(293)		8,490		(293)
Corporate bonds	1	—		—		1,683		(300)		1,683		(300)
Total	244	$	3,084	$	(4)	$	1,493,993	$	(161,952)	$	1,497,077	$	(161,956)


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses
December 31, 2023
Investment securities held-to-maturity:


Residential mortgage-backed securities	142	$	—	$	—	$	590,063	$	(79,980)	$	590,063	$	(79,980)
Commercial mortgage-backed securities	16	—		—		77,360		(12,867)		77,360		(12,867)
Municipal bonds	40	—		—		113,031		(8,540)		113,031		(8,540)
Corporate bonds	30	—		—		105,523		(14,729)		105,523		(14,729)
Total	228	$	—	$	—	$	885,977	$	(116,116)	$	885,977	$	(116,116)

Unrealized losses at December 31, 2024 were generally attributable to changes in market interest rates and interest spread relationships subsequent to the dates the securities were originally purchased, and were considered to be temporary, and not due to credit quality concerns on the investment securities. The fair values of these securities are expected to recover as the securities approach their respective maturity dates. The Company does not intend to sell and it is likely that it will not be required to sell the securities prior to their anticipated recovery.

The Company measures its AFS and HTM securities portfolios for current expected credit losses as part of its ACL analysis. For further information on provision for credit losses on AFS and HTM securities, see Allowance for Credit Losses discussion in "Note 1. Summary of Significant Accounting Policies". As of December 31, 2024 and 2023, the Company had an allowance for credit losses outstanding of 22 thousand and 17 thousand, respectively, on its AFS securities and $1.3 million and $2.0 million, respectively, on its HTM securities, each of which primarily comprise allowances for corporate bonds.

The following table summarizes the Company's investment in AFS securities and HTM securities by contractual maturity. Expected maturities for MBS will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


	December 31, 2024
(dollars in thousands)	Amortized Cost		Estimated Fair Value
Investment securities available-for-sale:
Within one year	$	188,499	$	184,939
One to five years	359,242		331,649
Five to ten years	68,580		59,826
Beyond ten years	19,551		16,751
Residential mortgage-backed securities	719,815		625,316
Commercial mortgage-backed securities	53,248		48,945

Less: allowance for credit losses	—		(22)
Total investment securities available-for-sale	1,408,935		1,267,404

Investment securities held-to-maturity:
Within one year	6,946		6,900
One to five years	64,060		61,728
Five to ten years	105,977		96,087
Beyond ten years	68,491		60,198
Residential mortgage-backed securities:	605,904		519,963
Commercial mortgage-backed securities	88,575		75,506

Less: allowance for credit losses	(1,306)		—
Total investment securities held-to-maturity	938,647		820,382
Total	$	2,347,582	$	2,087,786

During the years ended December 31, 2024, 2023 and 2022, proceeds from the sale or call of investment securities were $153.0 million, $11.2 million and $14.6 million, respectively. During the year ended December 31, 2024, gross realized gains on sales and calls of investment securities were $14 thousand and gross realized losses on sales of investment securities were $0. During the year ended December 31, 2023, gross realized gains on sales of investment securities were $129 thousand and gross realized losses on sales of investment securities were $140 thousand. During the year ended December 31, 2022, gross realized gains on sales of investment securities were $18 thousand and gross realized losses on sales of investment securities were $187 thousand.

At December 31, 2024 and 2023, the book value of securities pledged as collateral for certain government deposits, securities sold under agreements to repurchase and certain lines of credit with correspondent banks was $0.4 billion and $2.1 billion, respectively, which were well in excess of required amounts in order to operationally provide significant reserve amounts for new business. As of December 31, 2024 and 2023, there were no holdings of securities of any one issuer, other than the U.S. Government and U.S. agency securities, which exceeded ten percent of shareholders’ equity.

Loans and Allowance for Credit Losses

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Loans and Allowance for Credit Losses

The Bank makes loans to customers primarily in the Washington, D.C. metropolitan area and surrounding communities. A substantial portion of the Bank’s loan portfolio consists of loans to businesses secured by real estate and other business assets. HFI Loans, net of unamortized net deferred fees, at December 31, 2024 and 2023 are summarized by portfolio segment as follows:


	December 31, 2024				December 31, 2023
(dollars in thousands)	Amount		%		Amount		%
Commercial	$	1,183,341	15	%	$	1,473,766	18	%
PPP loans	287		—	%	528		—	%
Income producing - commercial real estate	4,064,846		51	%	4,094,614		51	%
Owner occupied - commercial real estate	1,269,669		16	%	1,172,239		15	%
Real estate mortgage - residential	50,535		1	%	73,396		1	%
Construction - commercial and residential	1,210,763		15	%	969,766		12	%
Construction - C&I (owner occupied)	103,259		1	%	132,021		2	%
Home equity	51,130		1	%	51,964		1	%
Other consumer	1,058		—		401		—
Total loans	7,934,888		100	%	7,968,695		100	%
Less: allowance for credit losses	(114,390)				(85,940)
Net loans (1)	$	7,820,498			$	7,882,755

(1)Excludes accrued interest receivable of $42.9 million and $45.3 million at December 31, 2024 and 2023, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Unamortized net deferred fees and costs were $18.8 million and $27.0 million at December 31, 2024 and 2023, respectively.

As of December 31, 2024 and 2023, the Bank serviced $63.7 million and $328.0 million, respectively, of SBA loans and other loan participations, which are not reflected as loan balances on the Consolidated Balance Sheets. During the year ended December 31, 2024, the Company sold the remaining servicing rights to all FHA loans for net proceeds of $4.8 million and a gain on sale of $1.5 million.

Real estate loans are secured primarily by duly recorded first deeds of trust or mortgages. In some cases, the Bank may accept a recorded junior trust position. In general, borrowers will have a proven ability to build, lease, manage and/or sell a commercial or residential project and demonstrate satisfactory financial condition. Additionally, an equity contribution toward the project is customarily required.

Construction loans require that the financial condition and experience of the general contractor and major subcontractors be satisfactory to the Bank. Guaranteed, fixed price contracts are required whenever appropriate, along with payment and performance bonds or completion bonds for larger scale projects.

Loans intended for residential land acquisition, lot development and construction are made on the premise that the land: 1) is or will be developed for building sites for residential structures; and 2) will ultimately be utilized for construction or improvement of residential zoned real properties, including the creation of housing. Residential development and construction loans will finance projects such as single family subdivisions, planned unit developments, townhouses and condominiums. Residential land acquisition, development and construction ("ADC") loans generally are underwritten with a maximum term of 36 months, including extensions approved at origination.

Commercial land acquisition and construction loans are secured by real property where loan funds will be used to acquire land and to construct or improve appropriately zoned real property for the creation of income producing or owner-occupied commercial properties. Borrowers are generally required to put equity into each project at levels determined by the appropriate approval authority. Commercial land acquisition and construction loans generally are underwritten with a maximum term of 24 months.

Substantially all construction draw requests must be presented in writing on American Institute of Architects documents and certified either by the contractor, the borrower and/or the borrower’s architect. Each draw request shall also include the borrower’s soft cost breakdown certified by the borrower or their Chief Financial Officer. Prior to an advance, the Bank or its contractor inspects the project to determine that the work has been completed, to justify the draw requisition.

Commercial permanent loans are generally secured by improved real property which is generating income in the normal course of operation. Debt service coverage, assuming stabilized occupancy, must be satisfactory to support a permanent loan. The debt service coverage ratio ("DSCR") is ordinarily at least 1.15 to 1.0. As part of the underwriting process, DSCRs are stress tested assuming a 200 basis point increase in interest rates from their current levels. Commercial permanent loans generally are underwritten with a term not greater than 10 years or the remaining useful life of the property, whichever is lower. The preferred term is between five to seven years, with amortization to a maximum of 25 years.

The Company’s loan portfolio includes ADC real estate loans including both investment and owner occupied projects. ADC loans amounted to $1.8 billion at December 31, 2024. A portion of the ADC portfolio, both speculative and non-speculative, includes loan funded interest reserves at origination. ADC loans that provide for the use of interest reserves represent approximately 59% of the outstanding ADC loan portfolio at December 31, 2024. The decision to establish a loan-funded interest reserve is made upon origination of the ADC loan and is based upon a number of factors considered during underwriting of the credit including: (1) the feasibility of the project; (2) the experience of the sponsor; (3) the creditworthiness of the borrower and guarantors; (4) borrower equity contribution; and (5) the level of collateral protection. When appropriate, an interest reserve provides an effective means of addressing the cash flow characteristics of a properly underwritten ADC loan. The Company does not significantly utilize interest reserves in other loan products. The Company recognizes that one of the risks inherent in the use of interest reserves is the potential masking of underlying problems with the project and/or the borrower’s ability to repay the loan. In order to mitigate this inherent risk, the Company employs a series of reporting and monitoring mechanisms on all ADC loans, whether or not an interest reserve is provided, including: (1) construction and development timelines which are monitored on an ongoing basis which track the progress of a given project to the timeline projected at origination; (2) a construction loan administration department independent of the lending function; (3) third party independent construction loan inspection reports; (4) monthly interest reserve monitoring reports detailing the balance of the interest reserves approved at origination and the days of interest carry represented by the reserve balances as compared to the then current anticipated time to completion and/or sale of speculative projects; and (5) quarterly commercial real estate construction meetings among senior Company management, which includes monitoring of current and projected real estate market conditions. If a project has not performed as expected, it is not the customary practice of the Company to increase loan funded interest reserves.

The following table details activity in the ACL by portfolio segment for the years ended December 31, 2024, 2023 and 2022. PPP loans are excluded from these tables since they do not carry an allowance for credit loss, as these loans are fully guaranteed as to principal and interest by the SBA, whose guarantee is backed by the full faith and credit of the U.S. Government. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.


(dollars in thousands)	Commercial		Income Producing - Commercial Real Estate		Owner Occupied - Commercial Real Estate		Real Estate Mortgage - Residential		Construction -Commercial and Residential		Construction - C&I (Owner Occupied)		Home Equity		Other Consumer		Total
Year Ended December 31, 2024
Allowance for credit losses:
Balance at beginning of year	$	17,824	$	40,050	$	14,333	$	861	$	10,198	$	1,992	$	657	$	25	$	85,940
Loans charged-off	(4,906)		(30,284)		(3,800)		—		(129)		—		—		(88)		(39,207)
Recoveries of loans previously charged-off	373		185		94		—		—		—		—		—		652
Net loans (charged-off) and recovered	(4,533)		(30,099)		(3,706)		—		(129)		—		—		(88)		(38,555)
Provision for (reversal of) credit losses	6,099		45,234		12,027		(251)		4,516		(710)		(4)		94		67,005
Ending balance	$	19,390	$	55,185	$	22,654	$	610	$	14,585	$	1,282	$	653	$	31	$	114,390

Year Ended December 31, 2023
Allowance for credit losses:
Balance at beginning of year	$	15,655	$	35,688	$	12,702	$	969	$	7,195	$	1,606	$	555	$	74	$	74,444
Loans charged-off	(2,020)		(11,817)		—		—		(5,636)		—		—		(50)		(19,523)
Recoveries of loans previously charged-off	576		—		55		—		36		—		—		6		673
Net loans (charged-off) and recovered	(1,444)		(11,817)		55		—		(5,600)		—		—		(44)		(18,850)
Provision for (reversal of) credit losses	3,613		16,179		1,576		(108)		8,603		386		102		(5)		30,346
Ending balance	$	17,824	$	40,050	$	14,333	$	861	$	10,198	$	1,992	$	657	$	25	$	85,940

Year Ended December 31, 2022
Allowance for credit losses:
Balance at beginning of year	$	14,475	$	38,287	$	12,146	$	449	$	7,094	$	2,005	$	474	$	35	$	74,965
Loans charged-off	(1,561)		(1,355)		—		—		—		—		—		(79)		(2,995)
Recoveries of loans previously charged-off	713		25		—		—		1,627		—		—		6		2,371
Net loans (charged-off) and recovered	(848)		(1,330)		—		—		1,627		—		—		(73)		(624)
Provision for (reversal of) credit losses	2,028		(1,269)		556		520		(1,526)		(399)		81		112		103
Ending balance	$	15,655	$	35,688	$	12,702	$	969	$	7,195	$	1,606	$	555	$	74	$	74,444

The following table presents the amortized cost basis of collateral-dependent HFI loans by portfolio segment as of December 31, 2024 and 2023:


	December 31, 2024				December 31, 2023
(dollars in thousands)	Business/Other Assets		Real Estate		Business/Other Assets		Real Estate
Commercial	$	1,214	$	1,125	$	1,674	$	1,240

Income-producing-commercial real estate	880		167,574		1,754		39,172
Owner occupied - commercial real estate	—		37,746		—		19,836
Real estate mortgage- residential	—		—		—		1,692
Construction - commercial and residential	—		—		—		525
Home equity	—		303		—		242
Other consumer	—		—		—		—
Total	$	2,094	$	206,748	$	3,428	$	62,707

Credit Quality Indicators

The Company uses several credit quality indicators to manage credit risk in an ongoing manner. The Company’s primary credit quality indicator is an internal credit risk rating system that categorizes loans into pass, special mention or classified categories. Credit risk ratings are applied individually to those classes of loans that have significant or unique credit characteristics that benefit from a case-by-case evaluation. These are typically loans to businesses or individuals in the classes which comprise the commercial portfolio segment. Groups of loans that are underwritten and structured using standardized criteria and characteristics, such as statistical models (e.g., credit scoring or payment performance), are typically risk rated and monitored collectively. These are typically loans to individuals in the classes which comprise the consumer portfolio segment.

The following are the definitions of the Company’s credit quality indicators:


Pass:			Loans in all classes that comprise the commercial and consumer portfolio segments that are not adversely rated, are contractually current as to principal and interest and are otherwise in compliance with the contractual terms of the loan agreement. Management believes that there is a low likelihood of loss related to those loans that are considered pass.

Special Mention:			Loans in the classes that comprise the commercial portfolio segment that have potential weaknesses that deserve management’s close attention. If not addressed, these potential weaknesses may result in deterioration of the repayment prospects for the loan. The special mention credit quality indicator is not used for classes of loans that comprise the consumer portfolio segment. Management believes that there is a moderate likelihood of some loss related to those loans that are considered special mention.

Classified:			Classified (a) Substandard – Loans inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans classified substandard.

			Classified (b) Doubtful – Loans that have all the weaknesses inherent in a loan classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the assets, its classification as an estimated loss is deferred until its more exact status may be determined.

The Company's credit quality indicators are generally updated annually, however, credits rated "Special Mention" or below are reviewed more frequently. Based on the most recent analysis performed, the amortized cost basis of HFI loans, as of December 31, 2024 and 2023, by risk category, class and year of origination, along with any charge-offs that were recorded in the applicable loan segment, if applicable, were as follows:


(dollars in thousands)	Prior		2020		2021		2022		2023		2024		Revolving Loans Amort. Cost Basis		Revolving Loans Convert. to Term		Total
December 31, 2024
Commercial:
Pass	$	132,595	$	26,775	$	133,400	$	110,439	$	89,608	$	104,927	$	513,645	$	4,394	$	1,115,783
Special Mention	7,828		3,479		—		—		—		—		18,384		—		29,691
Substandard	11,404		3,713		2,128		519		—		—		12,223		7,880		37,867
Total	151,827		33,967		135,528		110,958		89,608		104,927		544,252		12,274		1,183,341
YTD gross charge-offs	(4,350)		—		—		—		—		—		(506)		(50)		(4,906)
PPP loans:
Pass	—		—		287		—		—		—		—		—		287


Income producing - commercial real estate:
Pass	1,442,246		176,268		626,527		680,822		276,731		151,535		216,363		29,243		3,599,735
Special Mention	74,251		91,643		—		20,600		—		—		—		—		186,494
Substandard	266,309		1,808		—		—		—		—		10,500		—		278,617
Total	1,782,806		269,719		626,527		701,422		276,731		151,535		226,863		29,243		4,064,846
YTD gross charge-offs	(29,898)		(386)		—		—		—		—		—		—		(30,284)
Owner occupied - commercial real estate:
Pass	622,258		57,611		219,162		39,221		138,860		69,623		299		—		1,147,034
Special Mention	23,658		—		—		—		—		—		—		—		23,658
Substandard	96,634		1,248		—		1,095		—		—		—		—		98,977
Total	742,550		58,859		219,162		40,316		138,860		69,623		299		—		1,269,669
YTD gross charge-offs	(3,800)		—		—		—		—		—		—		—		(3,800)
Real estate mortgage - residential:
Pass	20,080		2,435		9,972		12,181		5,867		—		—		—		50,535

Total	20,080		2,435		9,972		12,181		5,867		—		—		—		50,535
YTD gross charge-offs																	—
Construction - commercial and residential:
Pass	26,739		38,385		199,933		595,496		202,577		7,588		124,508		—		1,195,226
Special Mention	—		—		4,964		—		—		—		—		—		4,964
Substandard	5,683		—		4,890		—		—		—		—		—		10,573
Total	32,422		38,385		209,787		595,496		202,577		7,588		124,508		—		1,210,763
YTD gross charge-offs	(129)		—		—		—		—		—		—		—		(129)
Construction - C&I (owner occupied):
Pass	6,063		24,632		—		36,544		8,458		26,730		832		—		103,259


Home equity
Pass	1,366		71		35		116		—		—		48,443		765		50,796
Substandard	59		—		222		—		—		—		53		—		334
Total	1,425		71		257		116		—		—		48,496		765		51,130
YTD gross charge-offs																	—
Other consumer
Pass	3		—		—		—		—		49		1,006		—		1,058


YTD gross charge-offs	(70)		—		—		—		—		—		(17)		(1)		(88)
Total Recorded Investment	$	2,737,176	$	428,068	$	1,201,520	$	1,497,033	$	722,101	$	360,452	$	946,256	$	42,282	$	7,934,888
Total YTD gross charge-offs	$	(38,247)	$	(386)	$	—	$	—	$	—	$	—	$	(523)	$	(51)	$	(39,207)


(dollars in thousands)	Prior		2019		2020		2021		2022		2023		Revolving Loans Amort. Cost Basis		Revolving Loans Convert. to Term		Total
December 31, 2023
Commercial:
Pass	$	157,563	$	48,524	$	39,133	$	194,555	$	149,320	$	191,889	$	623,684	$	5,207	$	1,409,875
Special Mention	1,415		—		—		—		—		—		2,259		—		3,674
Substandard	13,797		58		10,337		1,509		222		—		33,670		624		60,217
Total	172,775		48,582		49,470		196,064		149,542		191,889		659,613		5,831		1,473,766
YTD gross charge-offs	(885)		—		—		—		—		—		—		(1,135)		(2,020)
PPP loans:
Pass	—		—		—		528		—		—		—		—		528


Income producing - commercial real estate:
Pass	1,257,937		326,999		328,743		517,957		732,291		327,126		263,317		1,845		3,756,215
Special Mention	84,585		44,424		6,740		—		—		—		—		—		135,749
Substandard	139,961		62,689		—		—		—		—		—		—		202,650
Total	1,482,483		434,112		335,483		517,957		732,291		327,126		263,317		1,845		4,094,614
YTD gross charge-offs	(11,817)		—		—		—		—		—		—		—		(11,817)
Owner occupied - commercial real estate:
Pass	534,525		103,034		35,385		202,776		41,907		125,934		673		55		1,044,289
Special Mention	54,288		13,348		—		—		—		—		—		—		67,636
Substandard	37,167		—		1,274		—		—		—		—		21,873		60,314
Total	625,980		116,382		36,659		202,776		41,907		125,934		673		21,928		1,172,239
Real estate mortgage - residential:
Pass	22,877		7,545		2,186		15,967		14,756		5,895		—		—		69,226
Substandard	4,170		—		—		—		—		—		—		—		4,170
Total	27,047		7,545		2,186		15,967		14,756		5,895		—		—		73,396
Construction - commercial and residential:
Pass	30,619		3,440		45,739		251,038		419,393		87,400		124,013		—		961,642
Substandard	8,124		—		—		—		—		—		—		—		8,124
Total	38,743		3,440		45,739		251,038		419,393		87,400		124,013		—		969,766
YTD gross charge-offs	(136)		(5,500)		—		—		—		—		—		—		(5,636)
Construction - C&I (owner occupied):
Pass	18,551		4,265		56,361		618		33,237		12,619		6,370		—		132,021

Home equity:
Pass	1,590		—		87		151		118		—		49,035		643		51,624
Substandard	—		36		—		—		—		—		62		242		340
Total	1,590		36		87		151		118		—		49,097		885		51,964

Other consumer:
Pass	1		—		—		—		46		—		354		—		401

Total	1		—		—		—		46		—		354		—		401
YTD gross charge-offs	(50)		—		—		—		—		—		—		—		(50)
Total Recorded Investment	$	2,367,170	$	614,362	$	525,985	$	1,185,099	$	1,391,290	$	750,863	$	1,103,437	$	30,489	$	7,968,695
Total YTD gross charge-offs	$	(12,888)	$	(5,500)	$	—	$	—	$	—	$	—	$	—	$	(1,135)	$	(19,523)

Nonaccrual and Past Due Loans

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. 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, by portfolio segment, information related to the amortized cost basis of nonaccrual HFI loans as of December 31, 2024 and 2023.


	December 31, 2024						December 31, 2023
(dollars in thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with an Allowance for Credit Losses		Total Nonaccrual Loans		Nonaccrual with No Allowance for Credit Loss		Nonaccrual with an Allowance for Credit Losses		Total Nonaccrual Loans
Commercial	$	1,439	$	609	$	2,048	$	1,002	$	1,047	$	2,049
Income producing - commercial real estate	47,224		121,230		168,454		40,926		—		40,926
Owner occupied - commercial real estate	642		37,102		37,744		19,836		—		19,836
Real estate mortgage - residential	—		157		157		—		1,946		1,946
Construction- commercial and residential	—		—		—		—		525		525
Home equity	303		—		303		242		—		242
Other consumer	—		—		—		—		—		—
Total (1)	$	49,608	$	159,098	$	208,706	$	62,006	$	3,518	$	65,524

(1)Gross coupon interest income of $8.8 million, $4.2 million and $558 thousand would have been recorded for years ended December 31, 2024, 2023 and 2022, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while interest actually recorded on such loans were $4.1 million, $1.5 million and $17 thousand for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 1 to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.

The following table presents, by portfolio segment, an aging analysis and the recorded investments in HFI loans past due as of December 31, 2024 and 2023:


(dollars in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 Days or More Past Due		Total Past Due Loans		Current Loans		Nonaccrual Loans		Total Recorded Investment in Loans
December 31, 2024
Commercial	$	5,121	$	3,759	$	—	$	8,880	$	1,172,413	$	2,048	$	1,183,341
PPP loans	—		—		—		—		287		—		287
Income producing - commercial real estate	13,804		—		—		13,804		3,882,588		168,454		4,064,846
Owner occupied - commercial real estate	2,968		—		—		2,968		1,228,957		37,744		1,269,669
Real estate mortgage – residential	—		—		—		—		50,378		157		50,535
Construction - commercial and residential	—		1,031		—		1,031		1,209,732		—		1,210,763
Construction - C&I (owner occupied)	—		—		—		—		103,259		—		103,259
Home equity	52		—		—		52		50,775		303		51,130
Other consumer	28		—		—		28		1,030		—		1,058
Total	$	21,973	$	4,790	$	—	$	26,763	$	7,699,419	$	208,706	$	7,934,888
December 31, 2023
Commercial	$	985	$	7,048	$	—	$	8,033	$	1,463,684	$	2,049	$	1,473,766
PPP loans	—		—		—		—		528		—		528
Income producing - commercial real estate	—		—		—		—		4,053,688		40,926		4,094,614
Owner occupied - commercial real estate	1,274		—		—		1,274		1,151,129		19,836		1,172,239
Real estate mortgage – residential	2,089		—		—		2,089		69,361		1,946		73,396
Construction - commercial and residential	2,056		—		—		2,056		967,185		525		969,766
Construction - C&I (owner occupied)	—		—		—		—		132,021		—		132,021
Home equity	197		—		—		197		51,525		242		51,964
Other consumer	—		—		—		—		401		—		401
Total	$	6,601	$	7,048	$	—	$	13,649	$	7,889,522	$	65,524	$	7,968,695

Loan Modifications for Borrowers Experiencing Financial Difficulty

The Company evaluates all loan modifications according to the accounting guidance to determine if the modification results in a new loan or a continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulties that result in a direct change in the timing or amount of contractual cash flows include situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications. Modifications with terms not as favorable to the Company as the terms for comparable loans to other customers with similar collection risk who are not refinancing or restructuring a loan with the Company and which have a direct impact on cash flows are considered modified loans to borrowers experiencing financial difficulty.

The Company may offer various types of modifications when restructuring a loan. Commercial and industrial loans modified in a loan restructuring often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral, a co-borrower, or a guarantor is often requested.

Commercial mortgage and construction loans modified in a loan restructuring often involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or substituting or adding a new borrower or guarantor. Construction loans modified in a loan restructuring may also involve extending the interest-only payment period.

Loans modified in a loan restructuring for the Company may have the financial effect of increasing the specific allowance associated with the loan. An allowance for consumer and commercial loans that have been modified in a loan restructuring is measured based on the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price, or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. Management exercises significant judgment in developing these estimates.

Commercial and consumer loans modified in a loan restructuring are closely monitored for delinquency as an early indicator of possible future default. If loans modified in a loan restructuring subsequently default, the Company evaluates the loan for possible further loss. The allowance may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan.

The following table presents the amortized cost basis as of December 31, 2024 and 2023, and the financial effect of HFI loans modified to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023:


(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Principal Payment Delay and Interest Rate Reduction		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction		Total		Percentage of Total Loan Type		Weighted Average Term and Principal Payment Extension (1)	Weighted Average Interest Rate Reduction (2)
December 31, 2024
Commercial	$	27,249	$	28,576	$	7,728	$	—	$	63,553	5.3	%	13 months	1.63	%
Income producing - commercial real estate	25,290		288,111		—		3,514		316,915		7.8	%	8 months	3.59	%
Owner occupied - commercial real estate	870		—		—		—		870		0.1	%	12 months	—	%
Construction - commercial and residential	—		20,454		—		—		20,454		1.7	%	9 months	—	%
Total	$	53,409	$	337,141	$	7,728	$	3,514	$	401,792

December 31, 2023
Commercial	$	14,182	$	21,003	$	—	$	—	$	35,185	2.4	%	11 months	—	%
Income producing - commercial real estate	7,191		62,356		—		106,256		175,803		4.3	%	16 months	2.56	%
Owner occupied - commercial real estate	—		19,127		—		—		19,127		1.6	%	9 months	—	%
Construction - commercial and residential	7,095		—		—		—		7,095		0.7	%	12 months	—	%
Total	$	28,468	$	102,486	$	—	$	106,256	$	237,210

(1)For loans that received multiple modifications during the year, weighted average term and principal payment extensions were calculated based on the aggregate impact of the extensions received during the period.

(2)The weighted average is calculated based on the total amortized cost of loans, at the year-end, that received interest rate reduction modifications during the year.

The following table presents the performance of HFI loans modified during the prior twelve months to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023:


	December 31, 2024
	Payment Status (Amortized Cost Basis)
(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
Commercial	$	58,169	$	5,384	$	—	$	—
Income producing - commercial real estate	185,185		—		—		131,730
Owner occupied - commercial real estate	870		—		—		—
Construction - commercial and residential	20,454		—		—		—

Total	$	264,678	$	5,384	$	—	$	131,730


	December 31, 2023
	Payment Status (Amortized Cost Basis)
(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
Commercial	$	30,790	$	4,395	$	—	$	—
Income producing - commercial real estate	137,252		—		—		38,551
Owner occupied - commercial real estate	—		—		—		19,127
Construction - commercial and residential	7,095		—		—		—

Total	$	175,137	$	4,395	$	—	$	57,678

The Company monitors loan payments on performing and nonperforming loans on an on-going basis to determine if a loan is considered to have a payment default. To determine the existence of a payment default, the Company analyzes the economic conditions that exist for each borrower and their ability to generate positive cash flow during a given loan's term.

The following table presents the amortized cost basis of HFI loans that were experiencing payment default at December 31, 2024 and 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty:


	December 31, 2024
	Amortized Cost Basis
(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Commercial	$	5,384	$	—	$	—
Income producing - commercial real estate	—		131,730		—
Owner occupied - commercial real estate	—		—		—
Construction - commercial and residential	—		—		—
Total	$	5,384	$	131,730	$	—


	December 31, 2023
	Amortized Cost Basis
(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Commercial	$	4,395	$	—	$	—
Income producing - commercial real estate	—		—		38,551
Owner occupied - commercial real estate	—		19,127		—

Total	$	4,395	$	19,127	$	38,551

The Company individually evaluates nonaccrual loans when performing its CECL estimate to calculate the ACL. Additionally, the Company utilizes historical internal and third-party service provider sourced loss data in the determination of its PD/LGD rates applied in the calculation of its CECL estimate. Upon determination that a modified loan (or a portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount.

Related Party Loans

Certain directors and executive officers of the Company and the Bank and certain affiliated entities of such directors and executive officers have had loan transactions with the Company. All of such loans are either fully repaid or performing and none of such loans are nonaccrual, past due, restructured, or rated substandard or worse (not on nonaccrual).

Amounts in “additions due to changes in related party status” or "removals due to changes in related party status" reflect loans that transitioned to being related party loans or out of being related party loans during the years presented as a

result of changes in related party status with respect to certain of the Company’s directors who are affiliated with the related borrowers.

The following table summarizes the activity of loans outstanding to borrowers with relationships to related parties in 2024 and 2023:


(dollars in thousands)	2024		2023
Balance at January 1,	$	836	$	119,198
Additions	—		283
Repayments	(534)		(44,645)

Removals due to changes in related party status	—		(74,000)
Balance at December 31,	$	302	$	836

Premises and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and equipment include the following at December 31:


(dollars in thousands)	2024		2023
Leasehold improvements	$	28,566	$	29,042
Furniture, fixtures and equipment	19,625		19,600
Less: accumulated depreciation and amortization	(40,497)		(38,453)
Total premises and equipment, net	$	7,694	$	10,189

Total depreciation and amortization expense for the years ended December 31, 2024, 2023 and 2022 was $2.8 million, $3.4 million and $3.2 million, respectively.

Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

The Company accounts for leases in accordance with ASC Topic 842. A lease is defined as a contract that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. Substantially all of the leases in which the Company is the lessee comprise real estate for branch offices, ATM locations and corporate office space. Substantially all of our leases are classified as operating leases and are included in operating lease right-of-use ("ROU") assets and operating lease liabilities in the consolidated balance sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. In determining the present value of the lease payments, we use the implicit lease rate if available. If the implicit lease rate is not available, we use the incremental borrowing rate at commencement date. The incremental borrowing rate is the rate of interest that we would have to pay to borrow on a collateralized basis over a similar term in an amount equal to the lease payments in a similar economic environment.

As of December 31, 2024 and December 31, 2023, the Company had $18.5 million and $19.1 million of operating lease ROU assets respectively, and $23.8 million and $23.2 million of operating lease liabilities respectively, on the Company’s Consolidated Balance Sheets. The Company elects not to recognize ROU assets and lease liabilities arising from short-term leases, leases with initial terms of twelve months or less or equipment leases (deemed immaterial) on the Consolidated Balance Sheets.

The leases contain options to extend or terminate the lease, which are recognized as part of the ROU assets and lease liabilities when an economic benefit to exercise the option exists and there is a 90% probability that the Company will exercise the option. If these criteria are not met, the options are not included in our ROU assets and lease liabilities.

As of December 31, 2024, our leases do not contain material residual value guarantees or impose restrictions or covenants related to dividends or the Company’s ability to incur additional financial obligations.

During the year ended December 31, 2024, the Company entered into a new lease agreement for its headquarters in Bethesda, MD, which is further discussed below. The Company also extended two existing leases, one each in Maryland and District of Columbia, and one additional lease expired during the same period.

The following table presents lease costs and other lease information.


	Years Ended December 31,
(dollars in thousands)	2024				2023
Lease cost
Operating lease cost (cost resulting from lease payments)	$	6,124			$	6,590
Variable lease cost (cost excluded from lease payments)	694				1,000
Sublease income	(40)				(119)
Net lease cost	$	6,778			$	7,471

Operating lease - operating cash flows (fixed payments)	$	6,524			$	7,198

(dollars in thousands)	December 31, 2024				December 31, 2023
Right-of-use assets - operating leases	$	18,494			$	19,129
Operating lease liabilities	$	23,815			$	23,238
Weighted average lease term - operating leases	6.78			yrs	4.93			yrs
Weighted average discount rate - operating leases	3.03		%		2.78		%

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows:


(dollars in thousands)
Twelve months ended:
December 31, 2025	$	5,688
December 31, 2026	3,406
December 31, 2027	3,456
December 31, 2028	3,054
December 31, 2029	2,618
Thereafter	8,547
Total future minimum lease payments	26,769
Amounts representing interest	(2,954)
Present value of net future minimum lease payments	$	23,815

Recognizing the connection between high-quality and high-performing workplaces coupled with a desire to maintain a strong presence in the community we serve, EagleBank has entered into a long-term lease agreement to relocate its corporate headquarters to 7500 Old Georgetown Road in downtown Bethesda, MD in 2025. The lease commencement date is January 1, 2025, and matures on July 31, 2037.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Intangible assets are included in the Consolidated Balance Sheets as a separate line item, net of accumulated amortization and consist of the following items:


(dollars in thousands)	Net Intangible Assets		Additions		Accumulated Amortization		Impairment		Net Intangible Assets
December 31, 2024:
Goodwill	$	104,168	$	—	$	—	$	(104,168)	$	—

Excess servicing (1)	37		—		(21)		—		16
Non-compete agreements	720		—		(720)		—		—
Total	$	104,925	$	—	$	(741)	$	(104,168)	$	16
December 31, 2023:
Goodwill	$	104,168	$	—	$	—	$	—	$	104,168

Excess servicing (1)	65		—		(28)		—		37
Non-compete agreements	—		1,234		(514)		—		720
Total	$	104,233	$	1,234	$	(542)	$	—	$	104,925

(1)The Company recognizes a servicing asset for the computed value of servicing fees on the sale of multifamily FHA loans and the sale of the guaranteed portion of SBA loans. Assumptions related to loan terms and amortization are made to arrive at the initial recorded values, which are included in other assets. The Company has suspended its origination and selling activities in multifamily FHA loans, and therefore, as of December 31, 2024, the Company had no unamortized excess servicing assets for multifamily FHA loans.

The aggregate amortization expense was $741 thousand, $542 thousand and $89 thousand for the years ended December 31, 2024, 2023 and 2022, respectively.

During the second quarter ended June 30, 2024, Management determined that a triggering event had occurred as a result of the share price trading under book value for more than four quarters due to changes in macroeconomic conditions and market volatility in the financial markets and the banking industry due to the impact from rising interest rates. As a result of the triggering event, the Company engaged a third-party service provider to assist Management with the determination of the fair value of the Company in the second quarter of 2024. The resulting calculations indicated that the fair value did not exceed the carrying amount of the Company's only reporting unit as of May 31, 2024 which resulted in a determination that goodwill had become fully impaired. The goodwill impairment charge of $104.2 million reduced fully the carrying value of the Company's goodwill as of May 31, 2024. The impaired goodwill is primarily related to the acquisition of the Virginia Heritage Bank in October 2014. The impairment charge did not impact our cash flows, liquidity ratios, core operating performance, or regulatory capital ratios.

Other Real Estate Owned

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

Other Real Estate Owned

The activity within OREO for the years ended December 31, 2024 and 2023 is presented in the table below. There were no properties in the process of foreclosure as of December 31, 2024 and 2023. For the years ended December 31, 2024 and 2023, there were two sales of OREO during each year.


	Years Ended December 31,
(dollars in thousands)	2024		2023
Beginning Balance	$	1,108	$	1,962
Real estate acquired from borrowers	2,370		—
Properties sold	(735)		(854)
Ending Balance	$	2,743	$	1,108

Derivatives and Hedging Activities

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities

The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk primarily by managing the amount, sources and duration of its assets and liabilities and the use of derivative financial instruments.

Cash Flow Hedges of Interest Rate Risk

The Company historically utilized interest rate swaptions, accounted for as cash flow hedges, to protect itself against adverse fluctuations in interest rates on a forecasted issuance of debt. During the year ended December 31, 2024, the Company terminated its interest rate swaption contracts and discontinued the associated hedging relationship. The amount in accumulated other comprehensive income (loss) related to the swaption contracts is being amortized over the remainder of the hedged transaction. The Company expects to reclassify the remaining $24 thousand out of accumulated other comprehensive loss over the next year as a reduction of interest expense.

Interest Rate Products

Interest rate derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate caps and swaps with commercial banking customers 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. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings (loss).

The Company entered into credit risk participation agreements (“RPAs”) with institutional counterparties, under which the Company assumes its pro-rata share of the credit exposure associated with a borrower’s performance related to interest rate derivative contracts in exchange for a fee. The fair value of RPAs is calculated by determining the total expected asset or liability exposure of the derivatives to the borrowers and applying the borrowers’ credit spread to that exposure. Total expected exposure incorporates both the current and potential future exposure of the derivatives, derived from using observable inputs, such as yield curves and volatilities.

Credit Risk Related Contingent Features

The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.

The Company is exposed to credit risk in the event of nonperformance by the interest rate derivative counterparty. The Company minimizes this risk by entering into derivative contracts with only large, stable financial institutions, and the Company has not experienced, and does not expect, any losses from counterparty nonperformance on the interest rate derivatives. The Company monitors counterparty risk in accordance with the provisions of ASC 815, "Derivatives and Hedging." In addition, the interest rate derivative agreements contain language outlining collateral-pledging requirements for each counterparty. At December 31, 2024, the Company had posted $17.4 million of cash collateral with other financial institutions and held $30.5 million of cash collateral on behalf of other financial institutions.

The interest rate derivative agreements detail: 1) that collateral be posted when the market value exceeds certain threshold limits associated with the secured party's exposure; 2) if the Company defaults on any of its indebtedness (including default where repayment of the indebtedness has not been accelerated by the lender), then the Company could also be declared in default on its derivative obligations; and 3) if the Company fails to maintain its status as a well-capitalized institution then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements.

The table below identifies the balance sheet category and fair value of the Company’s derivative instruments as of December 31, 2024 and 2023. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement at December 31, 2024, it could have been required to settle its obligations under the agreement at the termination value.


	December 31, 2024					December 31, 2023
(dollars in thousands)	Notional Amount		Fair Value		Balance Sheet Category	Notional Amount		Fair Value		Balance Sheet Category
Derivatives in an asset position:
Derivatives designated as hedging instruments:
Interest rate product	$	—	$	—	Other Assets	$	300,000	$	374	Other Assets

Derivatives not designated as hedging instruments:
Interest rate product	697,086		31,592		Other Assets	651,429		30,288		Other Assets
Credit risk participation agreements	49,480		—		Other Liabilities	49,480		3		Other Assets

	746,566		31,592			700,909		30,291
Total derivatives in an asset position	$	746,566	$	31,592		$	1,000,909	$	30,665

Derivatives in a liability position:
Derivatives not designated as hedging instruments:
Interest rate product	$	697,086	$	29,110	Other Liabilities	$	654,757	$	30,555	Other Liabilities

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the years ended December 31, 2024, 2023 and 2022.


The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
	Amount of Gain (Loss) Recognized in OCI						Location of Gain (Loss) Recognized from Accumulated Other Comprehensive Income (Loss) into Income (Loss)	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
(dollars in thousands)	Total		Included Component		Excluded Component			Total		Included Component		Excluded Component
Year ended December 31, 2024:
Derivatives in cash flow hedging relationships:
Interest rate products	$	—	$	—	$	—	Interest expense	$	32	$	32	$	—

Year ended December 31, 2023
Derivatives in cash flow hedging relationships:
Interest rate products	$	(256)	$	—	$	(256)	Interest expense	$	(14)	$	—	$	(14)

Year ended December 31, 2022
Derivatives in cash flow hedging relationships:
Interest rate products	$	—	$	—	$	—	Interest expense	$	—	$	—	$	—

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022.


The Effect of Cash Flow Hedge Accounting on the Consolidated Statements of Operations
	Year Ended Years Ended
	2024		2023		2022
(dollars in thousands)	Interest Expense		Interest Expense		Interest Expense
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	32	$	(14)	$	—

The effect of cash flow hedging:
Gain (loss) on cash flow hedging relationships:
Interest rate products:
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss)	$	32	$	(14)	$	—

Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component	$	32	$	—	$	—
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component	$	—	$	(14)	$	—


Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
(dollars in thousands)	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivatives
		Year Ended Years Ended
		2024		2023		2022
Derivatives Not Designated as Hedging Instruments under ASC 815-20:
Interest rate products	Other income / (expense)	$	1,940	$	2,712	$	3,057
Mortgage banking derivatives	Other income	—		—		671

Total		$	1,940	$	2,712	$	3,728

Balance Sheet Offsetting: Our interest rate swap derivatives are eligible for offset in the Consolidated Balance Sheets and are subject to master netting arrangements. Our derivative transactions with counterparties are generally executed under International Swaps and Derivative Association (“ISDA”) master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. The Company generally presents such financial instruments gross for financial reporting purposes.

Deposits

12 Months Ended

Dec. 31, 2024

Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]

Deposits

The following table provides information regarding the Bank’s deposit composition at December 31, 2024 and 2023 as well as the average rate being paid on interest bearing deposits for the month of December 2024 and 2023.


	December 31,
(dollars in thousands)	2024		2023
Noninterest-bearing demand	$	1,544,403	$	2,279,081
Interest-bearing transaction	1,211,791		997,448
Savings and money market	3,599,221		3,314,043
Time deposits	2,775,663		2,217,467
Total	$	9,131,078	$	8,808,039

The remaining maturity of time deposits at December 31, 2024 and 2023 were as follows:


(dollars in thousands)	2024		2023
2024	$	—	$	1,445,395
2025	2,210,348		576,379
2026	513,984		180,384
2027	8,392		5,482
2028	10,556		9,827
2029	32,383		—
Thereafter	—		—
Total	$	2,775,663	$	2,217,467


(dollars in thousands)	2024		2023
Three months or less	$	337,671	$	342,552
More than three months through six months	578,371		544,230
More than six months through twelve months	1,294,306		558,613
Over twelve months	565,315		772,072
Total	$	2,775,663	$	2,217,467

Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 was as follows:


(dollars in thousands)	2024		2023		2022
Interest-bearing transaction	$	60,573	$	46,140	$	6,721
Savings and money market	139,539		132,374		65,777
Time deposits	120,309		79,030		10,763
Total	$	320,421	$	257,544	$	83,261

Related Party deposits totaled $28.6 million and $33.1 million at December 31, 2024 and 2023, respectively.

As of December 31, 2024 and 2023, time deposit accounts in excess of $250 thousand were as follows:


(dollars in thousands)	2024		2023
Three months or less	$	189,817	$	119,880
More than three months through six months	387,849		318,353
More than six months through twelve months	710,021		368,103
Over twelve months	421,530		726,758
Total	$	1,709,217	$	1,533,094

At December 31, 2024, total brokered deposits were $4.0 billion, or 44% of total deposits, of which $1.4 billion were attributable to the Certificates of Deposit Account Registry Service ("CDARS") and Insured Cash Sweep ("ICS") two-way accounts. At December 31, 2023, total brokered deposits (which did not include the CDARS and ICS two-way) were $2.5 billion, or 29% of total deposits.

Affordable Housing Projects Tax Credit Partnerships

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Affordable Housing Projects Tax Credit Partnerships

Included in Other Assets, the Company makes equity investments in various limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (“LIHTC”) pursuant to Section 42 of the Internal Revenue Code. The purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of affordable housing products offerings and to assist in achieving goals associated with the Community Reinvestment Act. The primary

activities of the limited partnerships include the identification, development and operation of multi-family housing that is leased to qualifying residential tenants. Generally, these types of investments are funded through a combination of debt and equity.

The Company is a limited partner in each LIHTC limited partnership. Each limited partnership is managed by an unrelated third party general partner who exercises significant control over the affairs of the limited partnership. The general partner has all the rights, powers and authority granted or permitted to be granted to a general partner of a limited partnership. Duties entrusted to the general partner of each limited partnership include, but are not limited to: investment in operating companies, company expenditures, investment of excess funds, borrowing funds, employment of agents, disposition of fund property, prepayment and refinancing of liabilities, votes and consents, contract authority, disbursement of funds, accounting methods, tax elections, bank accounts, insurance, litigation, cash reserve and use of working capital reserve funds. Except for limited rights granted to the limited partner(s) relating to the approval of certain transactions, the limited partner(s) may not participate in the operation, management or control of the limited partnership’s business, transact any business in the limited partnership’s name or have any power to sign documents for or otherwise bind the limited partnership. In addition, the general partner may only be removed by the limited partner(s) in the event the general partner fails to comply with the terms of the agreement or is negligent in performing its duties.

The general partner of each limited partnership has both the power to direct the activities which most significantly affect the performance of each partnership and the obligation to absorb losses or the right to receive benefits that could be significant to the entities. Therefore, the Company has determined that it is not the primary beneficiary of any LIHTC partnership. The Company accounts for its affordable housing tax credit investments using the proportional amortization method. The Company’s net affordable housing tax credit investments were $41.9 million and related unfunded commitments were $21.0 million as of December 31, 2024 and are included in Other Assets and Other Liabilities, respectively, in the Consolidated Balance Sheets. For tax purposes, the Company recognized low income housing tax credits of $5.8 million, $5.6 million and $5.0 million for the years ended December 31, 2024, 2023, and 2022, respectively, and low income housing investment expense of $5.4 million, $4.3 million and $3.7 million, respectively. The Company recognizes low income housing investment expenses as a component of income tax expense.

As of December 31, 2024, the expected payments for unfunded affordable housing commitments were as follows:


(dollars in thousands)	Amount
Years Ended December 31:
2025	$	15,110
2026	4,576
2027	193
2028	359
2029	306
Thereafter	429
Total unfunded commitments	$	20,973

Borrowings

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Borrowings

The following table summarizes the Company’s borrowings, which include repurchase agreements with the Company’s customers and borrowings at December 31, 2024 and 2023:


(dollars in thousands)	Borrowings - Principal		Unamortized Deferred Issuance Costs		Net Borrowings Outstanding		Available Capacity (1)(2)		Maturity Dates	Interest Rates (4)
December 31, 2024:
Customer repurchase agreements	$	33,157	$	—	$	33,157	$	—	N/A	2.67	%

Short-term borrowings:
Secured borrowings:
FHLB	490,000		—		490,000		874,270		Various(3)	4.81	%
FRB:

Discount window	—		—		—		1,800,646		N/A	N/A

Subordinated notes	—		—		—		—		N/A	N/A
Total	490,000		—		490,000		2,674,916

Long-term borrowings:
Senior notes	77,665		(1,557)		76,108		—		September 30, 2029	10.00	%
Total borrowings	$	600,822	$	(1,557)	$	599,265	$	2,674,916

December 31, 2023:
Customer repurchase agreements	$	30,587	$	—	$	30,587	$	—	N/A	3.42	%

Short-term borrowings:
Secured borrowings:
FHLB	—		—		—		1,271,846		N/A	N/A
FRB:
BTFP	1,300,000		—		1,300,000		598,870		March 22, 2024	4.53	%
Discount window	—		—		—		601,504		N/A	N/A
Raymond James repurchase agreement	—		—		—		17,993		N/A	N/A
Subordinated notes	70,000		(82)		69,918		—		September 1, 2024	5.75	%
Total	1,370,000		(82)		1,369,918		2,490,213

Long-term borrowings:
Senior notes	—		—		—		—		N/A	N/A
Total borrowings	$	1,400,587	$	(82)	$	1,400,505	$	2,490,213

(1)Available capacity on the Company's borrowings arrangements with the FHLB, the FRB and the Raymond James repurchase line comprise pledged collateral that has not been borrowed against. At December 31, 2024, the Company had total additional undrawn borrowing capacity of approximately $4.0 billion, comprising unencumbered securities available to be pledged of approximately $1.3 billion and undrawn financing on pledged assets of $2.7 billion.

(2)As part of the Company's agreement governing its participation in the BTFP program and the Raymond James repurchase agreement, the borrowing capacity is determined based on the principal balance of the pledged assets.

(3)FHLB borrowing of $250.0 million matures January 31, 2025 while the remaining $240.0 million matures April 1, 2025.

(4)Represent the weighted average interest rate on customer repurchase agreements, borrowings outstanding and the coupon interest rate on the subordinated notes, which approximates the effective interest rate.

The Company offers its business customers a repurchase agreement sweep account in which it collateralizes these funds with U.S. agency and MBS segregated in its investment portfolio for this purpose. The Company’s repurchase agreements operate on a rolling basis and do not contain contractual maturity dates. By entering into the agreement, the customer agrees to have the Bank repurchase the designated securities on the business day following the initial transaction in consideration of the payment of interest at the rate prevailing on the day of the transaction. The contractual maturity dates on FHLB secured borrowings represent the maturity dates of current advances and are not evidence of a termination date on the line.

The Bank can purchase up to $145 million in federal funds on an unsecured basis from its correspondents, against which there were no amounts outstanding at December 31, 2024 and can place brokered funds under one-way CDARS and ICS deposits in the amount of $1.1 billion, against which there was $73.4 million outstanding at December 31, 2024. The Bank also had $894.7 million of brokered deposits placed with the Insured Network Deposits ("IND") program from IntraFi Network, LLC ("IntraFi") at December 31, 2024.

At December 31, 2024, the Bank was also eligible to take advances from the FHLB up to $1.4 billion based on collateral at the FHLB, of which there was $490.0 million outstanding at December 31, 2024. The Bank may enter into repurchase agreements as well as obtain additional borrowing capabilities from the FHLB provided adequate collateral exists to secure these lending relationships. The Bank also has a back-up borrowing facility through the Discount Window at the Federal Reserve Bank. This facility, which amounts to approximately $1.8 billion, is collateralized with specific loan assets pledged to the Federal Reserve Bank. It is anticipated that, except for periodic testing, this facility would be utilized for contingency funding only. The contractual maturity dates on FHLB secured borrowings represent the maturity dates of current advances and are not evidence of a termination date on the line.

There are no prepayment penalties nor unused commitment fees on any of the Company’s borrowing arrangements.

Bank Term Funding Program (“BTFP”)

On March 12, 2023, the FRB, Department of Treasury and the Federal Deposit Insurance Corporation ("FDIC") issued a joint statement outlining actions they had taken to protect the U.S. economy by strengthening public confidence in the banking system as a result of and in response to recently announced bank closures. Among other actions, the Federal Reserve Board announced that it would make available additional funding to eligible depository institutions through the creation of a new BTFP. The BTFP provides eligible depository institutions, including the Company's subsidiary bank, EagleBank, an additional source of liquidity.

Borrowings are funded based on a percentage of the principal of eligible collateral posted, as defined within the terms of the program. Interest is payable at a fixed rate over the term of the borrowing and there are no prepayment penalties. The Federal Reserve announced in January 2024 that the BTFP would stop originating new loans on March 11, 2024, as scheduled. The Federal Reserve also modified the terms of the program so that the interest rate for new loans will be no lower than the interest rate on reserve balances in effect on the day the loan is made. In January 2024, the Company borrowed an additional $500.0 million through the BTFP and refinanced $500.0 million under the program, both at an interest rate of 4.76% and with maturity dates of January 2025. The Company repaid $500.0 million in November 2024, and the remaining $500.0 million was repaid in December 2024.

Senior Notes

On September 30, 2024, the Company closed a private placement of its 10.00% senior unsecured debt totaling $77.7 million maturing on September 30, 2029 (the "2029 Senior Notes" or "Original Notes"). At December 31, 2024, the carrying value of these 2029 Senior Notes was $76.1 million which reflected $1.6 million in unamortized deferred financing costs that are being amortized over the life of the 2029 Senior Notes.

In connection with the issuance of the 2029 Senior Notes, the Company also entered into a registration rights agreement dated September 30, 2024 with the purchasers of the 2029 Senior Notes (the “Registration Rights Agreement”). Pursuant to the Registration Rights Agreement, the Company filed an exchange offer registration statement with the SEC to exchange the Senior Notes for substantially identical notes registered under the Securities Act (the "Exchange Notes"). The terms of the Exchange Notes are identical to the terms of the Original Notes, except that the transfer restrictions and registration rights applicable to the Original Notes do not apply to the Exchange Notes. The Company completed the exchange offer on January 16, 2025.

Subordinated Notes

On August 5, 2014, the Company completed the sale of $70 million of its 5.75% subordinated notes, which matured and were fully repaid in September 2024. These subordinated notes were offered to the public at par, and qualified as Tier 2 capital for regulatory purposes to the fullest extent permitted under the Basel III Rule capital requirements, and were fully phased out of regulatory capital as of December 31, 2023 as they approached maturity.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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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
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
-Paragraph 1I
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1I
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Federal and state income tax expense consists of the following for the years ended December 31:


(dollars in thousands)	2024		2023		2022
Current federal income tax expense	$	9,897	$	25,291	$	37,182
Current state income tax expense	4,297		5,072		5,008
Total current tax expense	14,194		30,363		42,190

Deferred federal income tax (benefit) expense	2,823		(2,966)		3,532
Deferred state income tax (benefit) expense	(222)		(411)		3,028
Total deferred tax (benefit) expense	2,601		(3,377)		6,560

Total income tax expense	$	16,795	$	26,986	$	48,750

The Company had net deferred tax assets (deferred tax assets in excess of deferred tax liabilities) of $91.5 million and $86.6 million for the years ended at December 31, 2024 and 2023, respectively, which related primarily to our unrealized losses on securities, allowance for credit losses, and loan origination fees. Management believes it is more likely than not that all of the deferred tax assets will be realized with the exception of certain state net operating losses.

Temporary timing differences between the amounts reported in the Consolidated Financial Statements and the tax bases of assets and liabilities result in deferred taxes. The table below summarizes significant components of our deferred tax assets and liabilities as of December 31, 2024 and 2023:


(dollars in thousands)	2024		2023
Deferred tax assets
Allowance for credit losses	$	27,998	$	21,281
Deferred loan fees and costs	4,551		6,372
Unrealized loss on securities available-for-sale	34,656		39,671
Unrealized loss on securities held-to-maturity	10,160		11,725
LIHTC and ITC Tax Credits	5,793		—
Leases	5,774		5,713
Supplemental executive retirement and death benefit agreements	2,075		2,066
Stock-based compensation	1,785		2,003
Premises and equipment	217		—
Unrealized loss on interest rate swap derivatives	—		59
Net operating loss	8,104		7,964
Other assets	3,549		2,669
Gross deferred tax assets	104,662		99,523
Valuation allowances	(7,715)		(7,428)
Total deferred tax assets	96,947		92,095

Deferred tax liabilities
Leases	(4,483)		(4,703)
Interest Rate Swaps & Derivatives	(602)		—
Excess servicing	—		(561)
Premises and equipment	—		(211)
Other liabilities	(390)		—
Total deferred tax liabilities	(5,475)		(5,475)
Net deferred income tax assets	$	91,472	$	86,620

As of December 31, 2024. the Company has $2.2 million of federal net operating loss carryforward in conjunction with the Fidelity & Trust Financial Corporation acquisition, that is subject to annual limits under Section 382 of the Internal Revenue Code and expires in 2027. The Company has concluded, based on the weight of available positive and negative evidence, a portion of its state net operating loss deferred tax asset is not more likely than not to be realized and accordingly, a valuation allowance of $7.7 million and $7.4 million is carried as of December 31, 2024 and 2023, respectively.

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate for the years ended December 31, 2024, 2023 and 2022 follows:


	Year Ended December 31,
	2024		2023		2022
Statutory federal income tax rate	21.00	%	21.00	%	21.00	%
Increase (decrease) due to:
State income taxes	(10.53)	%	2.75	%	3.28	%
Goodwill Impairment	(72.34)	%	—	%	—	%
Tax credits, net of amortization (1)	11.37	%	(1.32)	%	(0.80)	%
Tax-exempt interest and dividend income	4.39	%	(1.75)	%	(0.85)	%
Bank owned life insurance	2.00	%	(0.58)	%	(0.33)	%
Stock-based compensation expense	(3.07)	%	0.22	%	(0.08)	%
Change in unrecognized tax benefits	(3.63)	%	—	%	—	%
Return to provision and prior period adjustments	(3.83)	%	(0.24)	%	1.33	%
Non-deductible fines and penalties	—	%	—	%	2.54	%
Other	(0.90)	%	1.08	%	(0.39)	%
Effective tax rate	(55.54)	%	21.16	%	25.70	%

(1) Includes low income housing tax credit proportional amortization expense, net of tax of $5.7 million, $5.4 million and $5.3 million, in 2024, 2023 and 2022 respectively.

Unrecognized tax benefits ("UTBs") for the years ended December 31, 2024, 2023, and 2022, were $6.6 million, $0 and $0, respectively. The following table details the change in unrecognized tax benefits ("UTBs") for 2024:


	Year Ended December 31,
(dollars in thousands)	2024
Balance at beginning of year	$	—
Gross increases - tax positions related to prior periods	6,254
Gross decreases - tax positions related to prior periods	—
Gross increases - tax positions related to the current period	296
Settlements with tax authorities	—
Lapse of statute of limitations	—
Balance at end of year	$	6,550

Included in the balance of UTBs as of December 31, 2024, 2023, and 2022, are $4.1 million, $0, and $0, respectively, of tax benefits that, if recognized, would affect the ETR. Also, included in the balance of UTBs are some items the recognition of which would not affect the effective tax rate, such as the tax effect of certain temporary differences, the portion of gross state UTBs that would be offset by the tax benefit of the associated federal deduction.

We recognize interest accrued related to UTBs and penalties in other noninterest expense. We accrued no penalties and interest of $0.2 million during 2024 and in total, as of December 31, 2024.

It is reasonably possible that a decrease of up to $5.2 million in UTBs related to state exposures may be necessary within the next 12 months, since resolved items will be removed from the balance whether their resolution results in refund or recognition.

The Company’s federal income tax returns are open and subject to examination from the 2021 tax return year and forward. The Company’s state income tax returns are generally open from the 2020 and later tax return years based on individual state statutes of limitations. There are currently no examinations in process as of December 31, 2024.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Net Income (Loss) per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Net Income (Loss) per Common Share

The calculation of net income (loss) per common share for the years ended December 31 was as follows:


(dollars and shares in thousands, except per share data)	2024		2023		2022
Basic:
Net income (loss)	$	(47,035)	$	100,534	$	140,930
Average common shares outstanding	30,157		30,346		32,004
Basic net income (loss) per common share	$	(1.56)	$	3.31	$	4.40

Diluted:
Net income (loss)	$	(47,035)	$	100,534	$	140,930
Average common shares outstanding	30,157		30,346		32,004
Adjustment for common share equivalents	—		47		74
Average common shares outstanding-diluted	30,157		30,393		32,078
Diluted net income (loss) per common share (1)	$	(1.56)	$	3.31	$	4.39

Anti-dilutive shares	75		3		3

(1) For periods ended with a net loss, anti-dilutive financial instruments have been excluded from the calculation of GAAP diluted EPS.

Basic net income (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income (loss) of the Company. The computation of diluted per share does not assume conversion or exercise of securities that would have an anti-dilutive effect on net income (loss) per share.

Securities issued by the Company that could potentially dilute net income (loss) per share in future periods include stock options and restricted stock. To calculate diluted net income (loss) per share, the Company utilizes the Treasury Stock method which results in only an incremental number of shares added to shares outstanding during the period.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The EagleBank Foundation, a 501(c)(3) non-profit, seeks to improve the well-being of our community by providing financial support to local charitable organizations that help foster and strengthen vibrant, healthy, cultural and sustainable communities. The Company paid $180 thousand, $143 thousand and $113 thousand to the EagleBank Foundation for the years ended December 31, 2024, 2023 and 2022, respectively, which were recorded in other expenses on the Consolidated Statements of Operations. Certain directors and executive officers of the Company and the Bank and certain affiliated entities of such directors and executive officers have had loan transactions with the Company. Such loans were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with outsiders. Please see further detail regarding Related Party Loans in Note 4 "Loans and Allowance for Credit Losses" and Related Party Deposits in Note 10 "Deposits."

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 1
-Subparagraph (d)
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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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
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

The Company maintains the 2021 Stock Plan ("2021 Plan"), the 2016 Stock Plan (“2016 Plan”), the 2006 Stock Plan (“2006 Plan”), the 2021 Employee Stock Purchase Plan ("2021 ESPP") and the 2011 Employee Stock Purchase Plan (“2011 ESPP”).

In connection with the acquisition of Virginia Heritage Bank ("Virginia Heritage"), the Company assumed the Virginia Heritage 2006 Stock Option Plan and the 2010 Long Term Incentive Plan (the “Virginia Heritage Plans”).

No additional options may be granted under the 2016 Plan, 2006 Plan or the Virginia Heritage Plans.

The Company adopted the 2021 Plan upon approval by the shareholders at the 2021 Annual Meeting held on May 20, 2021. The 2021 Plan provides directors and selected employees of the Bank, the Company and their affiliates with the opportunity to acquire shares of stock, through awards of options, time vested restricted stock, performance-based restricted stock and stock appreciation rights. Under the 2021 Plan, 1,300,000 shares of common stock were initially reserved for issuance.

For awards that are service based, compensation expense is being recognized over the service (vesting) period based on fair value, which for stock option grants is computed using the Black-Scholes model.

For restricted stock awards granted under the 2021 Plan, fair value is based on the Company’s closing price on the date of grant. For awards that are performance-based, compensation expense is initially recorded based on the probability of achievement of the goals underlying the grant at target.

In February 2024, the Company awarded senior officers a targeted number of 150,570 performance vested restricted stock units (“PRSUs”). The vesting of PRSUs is 100% after three years with payouts based on threshold, target or maximum average performance targets over a three year period. There are two performance metrics: 1) total shareholder's return; and 2) return on average assets. In February 2024, the 2021 performance award vested and no incremental shares were awarded.

For awards that are time vested, the shares typically vest over a period of one to three years beginning on the first anniversary of the date of grant. In the year ended December 31, 2024, the Company awarded the following time vested restricted stock to senior officers, directors and certain employees:


	December 31, 2024
Date of award	Number of shares	Number of Officers, Directors and Employees
February 2024	275,896	130
August 2024	4,290	2
September 2024	8,756	2
October 2024	20,483	1
November 2024	2,254	1
December 2024	689	1

The Company has unvested restricted stock awards and PRSU grants of 656,784 shares at December 31, 2024. Unrecognized stock based compensation expense related to restricted stock awards and PRSU grants totaled $8.8 million at December 31, 2024. At such date, the weighted-average period over which this unrecognized expense was expected to be recognized was 1.87 years.

The following table summarizes the unvested restricted stock awards for performance for the years ended December 31, 2024, 2023 and 2022:


	Years Ended December 31,
	2024			2023			2022
Performance Awards	Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value

Unvested at beginning	123,215	$	44.74	129,855	$	45.15	118,568	$	44.71
Granted	150,570	18.47		71,003	40.50		37,775	53.97
Forfeited	(28,826)	40.96		(44,084)	40.29		(1,966)	55.76
Vested	(18,480)	47.57		(33,559)	44.60		(24,522)	55.76
Unvested at end	226,479	$	27.53	123,215	$	44.74	129,855	$	45.15

The following table summarizes the unvested time vesting restricted stock awards for the years ended December 31, 2024, 2023 and 2022:


	Years Ended December 31,
	2024			2023			2022
Time Vested Awards	Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value
Unvested at beginning	313,992	$	49.08	302,148	$	53.75	300,792	$	46.24
Granted	312,368	23.22		190,256	44.16		166,471	59.72
Forfeited	(38,772)	36.18		(27,558)	51.57		(12,064)	53.10
Vested	(157,283)	49.41		(150,854)	51.76		(153,051)	45.54
Unvested at end	430,305	$	31.35	313,992	$	49.08	302,148	$	53.75

Below is a summary of stock option activity for the years ended December 31, 2024, 2023 and 2022. The information excludes restricted stock units and awards.


	Years Ended December 31,
	2024			2023			2022
	Shares	Weighted- Average Exercise Price		Shares	Weighted- Average Exercise Price		Shares	Weighted- Average Exercise Price
Beginning balance	2,500	$	47.95	2,500	$	47.95	5,789	$	36.96
Granted	—	—		—	—		—	—
Exercised	—	—		—	—		(3,289)	28.60
Forfeited	—	—		—	—		—	—
Ending balance	2,500	$	47.95	2,500	$	47.95	2,500	$	47.95
Exercisable end of year	2,500	$	47.95	2,500	$	47.95	1,666	$	47.95

There were no grants of stock options during the years ended December 31, 2024, 2023 and 2022.

Grants of stock options have expected lives based on the "simplified" method allowed by ASC 718 "Compensation," whereby the expected term is equal to the midpoint between the vesting date and the end of the contractual term of the award.

There was no intrinsic value of outstanding stock options for both December 31, 2024 and 2023. The total fair value of stock options vested was $18 thousand for all three years ended December 31, 2024, 2023 and 2022. At December 31, 2024, there is no unrecognized stock-based compensation expense related to stock options.

Cash proceeds, tax benefits and intrinsic value related to total stock options exercised is as follows:


	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Proceeds from stock options exercised	$	—	$	—	$	97
Tax benefits realized from stock compensation	—		—		3
Intrinsic value of stock options exercised	—		—		98

Approved by shareholders in May 2021, the 2021 ESPP reserved 200,000 shares of common stock for issuance to employees. Whole shares are sold to participants in the plan at 85% of the lower of the stock price at the beginning or end of each quarterly offering period. The 2021 ESPP is available to all eligible employees who have completed at least one year of continuous employment, work at least 20 hours per week and at least five months a year. Participants may contribute a minimum of $10 per pay period to a maximum of $25,000 annually (not to exceed more than 10% of compensation per pay period). At December 31, 2024, the 2021 ESPP had 133,865 shares reserved for issuance.

Included in salaries and employee benefits in the accompanying Consolidated Statements of Operations, the Company recognized $9.6 million, $10.0 million and $6.0 million in stock-based compensation expense for 2024, 2023 and 2022, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all awards.

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has a qualified 401(k) Plan which covers all employees who have` reached the age of 18 years and have completed at least 1 month of service as defined by the Plan. The Company makes contributions to the Plan based on a matching formula, which is reviewed annually. For the years 2024, 2023 and 2022, the Company recognized $1.7 million, $1.7 million and $1.8 million in expense associated with this benefit, respectively. These amounts are included in salaries and employee benefits in the accompanying Consolidated Statements of Operations.

Supplemental Executive Retirement Plan	12 Months Ended
Supplemental Executive Retirement Plan	Dec. 31, 2024
Retirement Benefits [Abstract]
Supplemental Executive Retirement Plan	Supplemental Executive Retirement Plan The Bank has entered into Supplemental Executive Retirement and Death Benefit Agreements (the “SERP Agreements”) with certain of the Bank’s executive officers, which upon the executive’s retirement, will provide for a stated monthly payment for such executive’s lifetime subject to certain death benefits described below. The retirement benefit is computed as a percentage of each executive’s projected average base salary over the five years preceding retirement, assuming retirement at age 67. The SERP Agreements provide that (a) the benefits vest ratably over six years of service to the Bank, with the executive receiving credit for years of service prior to entering into the SERP Agreement, (b) death, disability and change-in-control shall result in immediate vesting and (c) the monthly amount will be reduced if retirement occurs earlier than age 67 for any reason other than death, disability or change-in-control. The SERP Agreements further provide for a death benefit in the event the retired executive dies prior to receiving 180 monthly installments, paid either in a lump sum payment or continued monthly installment payments, such that the executive’s beneficiary has received payment(s) sufficient to equate to a cumulative 180 monthly installments. The SERP Agreements are unfunded arrangements maintained primarily to provide supplemental retirement benefits and comply with Section 409A of the Internal Revenue Code. The Bank financed the retirement benefits by purchasing fixed annuity contracts with four insurance carriers in 2013 totaling $11.4 million and two insurance carriers in 2019 totaling $2.6 million. These annuity contracts have been designed to provide a future source of funds for the lifetime retirement benefits of the SERP Agreements. The cash surrender value of the annuity contracts was $12.7 million and $13.1 million at December 31, 2024 and 2023, respectively, and was included in other assets on the Consolidated Balance Sheets. For the years ended December 31, 2024, 2023 and 2022 the Company recorded benefit expense accruals of $410 thousand, $584 thousand and $513 thousand, respectively, for this post retirement benefit. Upon death of a named executive, the annuity contract related to such executive terminates. The Bank has purchased additional bank owned life insurance contracts, which would effectively finance payments (up to a 15 year certain amount) to the executives’ named beneficiaries.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Financial Instruments with Off-Balance Sheet Risk

12 Months Ended

Dec. 31, 2024

Financial Instruments With Off-balance Sheet Risk

Financial Instruments with Off-Balance Sheet Risk

Various commitments to extend credit are made in the normal course of banking business. Letters of credit are also issued for the benefit of customers. These commitments are subject to loan underwriting standards and geographic boundaries consistent with the Company’s loans outstanding.

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

Loan commitments outstanding and lines and letters of credit at December 31, 2024 and 2023 are as follows:


(dollars in thousands)	2024		2023
Unfunded loan commitments	$	1,318,133	$	1,981,334
Unfunded lines of credit	88,305		98,614
Letters of credit	69,051		87,146

Total	$	1,475,489	$	2,167,094

As of December 31, 2024, the total reserve for unfunded commitments was $3.5 million as compared to $5.6 million at December 31, 2023 and is accounted for as a liability on the Consolidated Balance Sheets. See Note 1 of the Consolidated Financial Statements for more information on the accounting policy for the allowance for unfunded commitments.

Commitments and Contingent Liabilities	12 Months Ended
Commitments and Contingent Liabilities	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Under ASC 450, the Company accrues for a loss contingency when the loss is probable and reasonably estimable. The Company discloses the matter if a material loss is at least reasonably possible. Under ASC 450, a loss contingency is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely”, and a loss contingency is “remote” if “the chance of the future event or events occurring is slight.” We evaluate, on a quarterly basis, developments in legal proceedings with respect to accruals, as well as the estimated range of possible losses. From time to time, the Company and its subsidiaries are involved in various legal proceedings incidental to their business in the ordinary course, including matters in which damages in various amounts are claimed, as well as regulatory and governmental investigations and inquiries that could result in penalties, fines or other sanctions against the Company. Based on information currently available, the Company does not believe that the liabilities (if any) resulting from such matters will have a material effect on the financial position or liquidity of the Company. However, considering inherent uncertainties involved in such matters, ongoing legal expenses or an adverse outcome in one or more of these matters could materially and adversely affect the Company's financial condition, results of operations or cash flows in any particular reporting period, as well as its reputation. The Company is cooperating with an ongoing investigation by the U.S. Attorney’s Office for the Middle District of Pennsylvania into, among other things, the Company’s anti-money laundering controls between approximately 2011 and 2017 and the Company’s relationship with a former customer who pleaded guilty to a charge of bank fraud in 2020. Due to the inherent uncertainty in predicting the outcome of a pending investigation, we are unable to estimate reasonably possible losses, if any, resulting from this matter. As previously disclosed, the Company maintains director and officer insurance policies ("D&O Insurance Policies") that provide coverage for certain legal defense costs. When claims are covered by D&O Insurance Policies, the Company records a corresponding receivable against the incurred legal defense cost expense when the claim is paid. When D&O Insurance Policies are exhausted, the Company is responsible for paying the defense cost associated with any investigations and litigations for itself and on behalf of any current and former Officers and Directors entitled to indemnification from the Company. The Company cannot predict with any certainty the amount of defense costs that the Company may incur in the future in connection with currently ongoing and any future investigations and legal proceedings, as they are dependent on various factors, many of which are outside of the Company's control.

Regulatory Matters

12 Months Ended

Dec. 31, 2024

Regulatory Matters

Regulatory Matters

The Company and 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 financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting, and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain amounts and ratios (set forth in the table below) of Total capital, Tier 1 capital and common equity tier one capital ("CET1") (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined), referred to as the Leverage Ratio. Management believes, as of December 31, 2024 and 2023, that the Company and Bank met all capital adequacy requirements to which they are subject.

The actual capital amounts and ratios for the Company and Bank as of December 31, 2024 and 2023 are presented in the table below:


	Company				Bank				Minimum Required For Capital Adequacy Purposes (1)		To Be Well Capitalized Under Prompt Corrective Action Regulations (2)
(dollars in thousands)	Actual Amount		Ratio		Actual Amount		Ratio
As of December 31, 2024
CET1 capital (to risk weighted assets)	$	1,369,643	14.63	%	$	1,373,857	14.76	%	7.00	%	6.50	%
Total capital (to risk weighted assets)	1,484,420		15.86	%	1,488,635		16.00	%	10.50	%	10.00	%
Tier 1 capital (to risk weighted assets)	1,369,643		14.63	%	1,373,857		14.76	%	8.50	%	8.00	%
Tier 1 capital (to average assets)	1,369,643		10.74	%	1,373,857		10.82	%	4.00	%	5.00	%

As of December 31, 2023
CET1 capital (to risk weighted assets)	$	1,335,967	13.90	%	$	1,330,001	13.92	%	7.00	%	6.50	%
Total capital (to risk weighted assets)	1,421,347		14.79	%	1,415,381		14.81	%	10.50	%	10.00	%
Tier 1 capital (to risk weighted assets)	1,335,967		13.90	%	1,330,001		13.92	%	8.50	%	8.00	%
Tier 1 capital (to average assets)	1,335,967		10.73	%	1,330,001		10.72	%	4.00	%	5.00	%

(1)The risk-based ratios reflect the minimum requirement plus the capital conservation buffer of 2.500%.

(2)Applies to Bank only

Federal bank and holding company regulations, as well as Maryland law, impose certain restrictions on capital distributions, including dividend payments and share repurchases by the Bank, as well as restricting extensions of credit and transfers of assets between the Bank and the Company. At December 31, 2024, the Bank could pay dividends to the parent to the extent of its earnings so long as it maintained capital ratios above the required minimums and the capital conservation buffer. As a result the Company may be restricted in paying dividends.

- 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

Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

Other Comprehensive Income

Other Comprehensive Income (Loss)

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022.


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Year Ended December 31, 2024
Net unrealized gain (loss) on securities available-for-sale	$	20,417	$	(5,011)	$	15,406
Reclassification adjustment for net loss included in net loss	(14)		2		(12)
Total unrealized gain (loss) on securities available-for-sale	20,403		(5,009)		15,394

Amortization of unrealized loss on securities transferred to held-to-maturity	6,889		(1,599)		5,290

Net unrealized loss on derivatives	265		(65)		200


Other comprehensive income (loss)	$	27,557	$	(6,673)	$	20,884

Year Ended December 31, 2023
Net unrealized gain (loss) on securities available-for-sale	$	43,293	$	(10,774)	$	32,519
Reclassification adjustment for net loss included in net income	11		(3)		8
Total unrealized gain (loss) on securities available-for-sale	43,304		(10,777)		32,527

Amortization of unrealized loss on securities transferred to held-to-maturity	7,412		(2,607)		4,805

Net unrealized loss on derivatives	(182)		—		(182)


Other comprehensive income (loss)	$	50,534	$	(13,384)	$	37,150

Year Ended December 31, 2022
Net unrealized gain (loss) on securities available-for-sale	$	(186,439)	$	45,513	$	(140,926)
Reclassification adjustment for net loss included in net income	169		(58)		111
Total unrealized gain (loss) on securities available-for-sale	(186,270)		45,455		(140,815)

Net unrealized gain (loss) on securities transferred to held-to-maturity	(66,193)		17,098		(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	7,093		(2,732)		4,361
Total unrealized gain (loss) on securities transferred to held-to-maturity	(59,100)		14,366		(44,734)
Net unrealized gain on derivatives	284		—		284


Other comprehensive income (loss)	$	(245,086)	$	59,821	$	(185,265)

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2024, 2023 and 2022.


(dollars in thousands)	Securities Available For Sale		Held-to-Maturity Securities		Derivatives		Accumulated Other comprehensive income (loss) (Loss)
Year Ended December 31, 2024
Balance at beginning of year	$	(122,246)	$	(39,929)	$	(182)	$	(162,357)
Other comprehensive income (loss) before reclassifications	15,406		5,290		200		20,896
Amortization of unrealized loss on securities transferred to held-to-maturity	—		—		—		—
Amounts reclassified from accumulated other comprehensive loss	(12)		—		—		(12)
Net other comprehensive income (loss) during period	15,394		5,290		200		20,884
Balance at end of year	$	(106,852)	$	(34,639)	$	18	$	(141,473)

Year Ended December 31, 2023
Balance at beginning of year	$	(154,773)	$	(44,734)	$	—	$	(199,507)
Other comprehensive income (loss) before reclassifications	32,519		—		(182)		32,337
Amortization of unrealized loss on securities transferred to held-to-maturity	—		4,805		—		4,805

Amounts reclassified from accumulated other comprehensive loss	8		—		—		8
Net other comprehensive income (loss) during period	32,527		4,805		(182)		37,150
Balance at end of year	$	(122,246)	$	(39,929)	$	(182)	$	(162,357)

Year Ended December 31, 2022
Balance at beginning of year	$	(13,958)	$	—	$	(284)	$	(14,242)
Other comprehensive income (loss) before reclassifications	(140,926)		—		284		(140,642)
Transfer of securities from AFS to HTM	—		(49,095)		—		(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	—		4,361		—		4,361
Amounts reclassified from accumulated other comprehensive loss	111		—		—		111
Net other comprehensive income (loss) during period	(140,815)		(44,734)		284		(185,265)
Balance at end of year	$	(154,773)	$	(44,734)	$	—	$	(199,507)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022.


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Statement Where Net Income (Loss) is Presented
	Year Ended Years Ended
(dollars in thousands)	2024		2023		2022
Realized gain (loss) on sale of investment securities	$	14	$	(11)	$	(169)	Net gain (loss) on sale of investment securities

Income tax benefit (expense)	(2)		3		58		Income tax expense
Total	$	12	$	(8)	$	(111)	Net Income (Loss)

Fair Value Measurements

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. ASC 820, “Fair Value Measurements and Disclosures,” establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:

Level 1 Quoted prices in active exchange markets for identical assets or liabilities.

Level 2 Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets or other observable inputs that can be corroborated by observable market data; also includes derivative contracts whose value is determined using a pricing model with observable market inputs or inputs that can be derived principally from or corroborated by observable market data. This category generally includes certain U.S. Government and agency securities, corporate debt securities, derivative instruments and residential mortgage loans held for sale.

Level 3 Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation; also includes observable inputs for single dealer nonbinding quotes not corroborated by observable market data. This category generally includes certain private equity investments, retained interests from securitizations and certain collateralized debt obligations.

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023:


(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total (Fair Value)
December 31, 2024
Assets:
Investment securities available-for-sale:
U.S. treasury bonds	$	—	$	24,776	$	—	$	24,776
U.S. agency securities	—		558,535		—		558,535
Residential mortgage-backed securities	—		625,316		—		625,316
Commercial mortgage-backed securities	—		48,945		—		48,945
Municipal bonds	—		8,014		—		8,014
Corporate bonds	—		1,818		—		1,818

Interest rate product	—		31,592		—		31,592
Credit risk participation agreements	—		—		—		—
Total assets measured at fair value on a recurring basis as of December 31, 2024	$	—	$	1,298,996	$	—	$	1,298,996
Liabilities:


Interest rate product	$	—	$	29,110	$	—	$	29,110
Total liabilities measured at fair value on a recurring basis as of December 31, 2024	$	—	$	29,110	$	—	$	29,110

December 31, 2023
Assets:
Investment securities available-for-sale:
U.S. treasury bonds	$	—	$	47,901	$	—	$	47,901
U.S. agency securities	—		671,397		—		671,397
Residential mortgage-backed securities	—		727,353		—		727,353
Commercial mortgage-backed securities	—		49,564		—		49,564
Municipal bonds	—		8,490		—		8,490
Corporate bonds	—		1,683		—		1,683

Interest rate product	—		30,662		—		30,662

Credit risk participation agreements	—		3		—		3
Total assets measured at fair value on a recurring basis as of December 31, 2023	$	—	$	1,537,053	$	—	$	1,537,053
Liabilities:


Interest rate product	$	—	$	30,555	$	—	$	30,555
Total liabilities measured at fair value on a recurring basis as of December 31, 2023	$	—	$	30,555	$	—	$	30,555

Investment securities available-for-sale: AFS securities are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair value is measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 2 securities includes certain U.S. treasury bonds, U.S. agency debt securities, MBS issued by Government Sponsored Entities and municipal bonds. Securities classified as Level 3 include securities in less liquid markets, for which the carrying amounts approximate the fair value.

Credit risk participation agreements: The Company enters into RPAs with institutional counterparties, under which the Company assumes its pro-rata share of the credit exposure associated with a borrower’s performance related to interest rate derivative contracts. The fair value of RPAs is calculated by determining the total expected asset or liability exposure of the derivatives to the borrowers and applying the borrowers’ credit spread to that exposure. Total expected exposure incorporates both the current and potential future exposure of the derivatives, derived from using observable inputs, such as yield curves and volatilities. Accordingly, RPAs fall within Level 2.

Interest rate derivatives: The Company entered into an interest rate derivative agreement with an institutional counterparty, under which the Company will receive cash if and when market rates exceed the derivatives' strike rate. The fair value of the derivative is calculated by determining the total expected asset or liability exposure of the derivatives. Total expected exposure incorporates both the current and potential future exposure of the derivative, derived from using observable inputs, such as yield curves and volatilities. Accordingly, the derivative falls within Level 2.

Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis

The Company measures certain assets at fair value on a nonrecurring basis and the following is a general description of the methods used to value such assets.

Loans: The fair value of individually assessed loans is estimated using one of several methods, including the collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. Those individually assessed loans not requiring a specific allowance represent loans for which the fair value of expected repayments or collateral exceed the recorded investment in such loans. At December 31, 2024, substantially all of the Company’s individually evaluated loans were evaluated based upon the fair value of the collateral. In accordance with ASC Topic 820, individually evaluated loans where an allowance is established based on the fair value of collateral, i.e. those that are collateral dependent, require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the loan as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the loan as nonrecurring Level 3.

Other real estate owned ("OREO"): OREO is initially recorded at fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral, which the Company classifies as a Level 3 valuation.

Assets measured at fair value on a nonrecurring basis are included in the table below. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2024 and 2023.


(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total (Fair Value)
December 31, 2024
Individually assessed loans:
Commercial	$	—	$	—	$	2,551	$	2,551
Income producing - commercial real estate	—		—		158,956		158,956
Owner occupied - commercial real estate	—		—		30,384		30,384
Real estate mortgage - residential	—		—		—		—
Construction - commercial and residential	—		—		303		303
Home equity	—		—		—		—
Other real estate owned	—		—		2,743		2,743
Total assets measured at fair value on a nonrecurring basis as of December 31, 2024	$	—	$	—	$	194,937	$	194,937


(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total (Fair Value)
December 31, 2023
Individually assessed loans:
Commercial	$	—	$	—	$	2,475	$	2,475
Income producing - commercial real estate	—		—		41,038		41,038
Owner occupied - commercial real estate	—		—		19,880		19,880
Real estate mortgage - residential	—		—		1,638		1,638

Consumer	—		—		396		396
Home equity	—		—		242		242
Other real estate owned	—		—		1,108		1,108
Total assets measured at fair value on a nonrecurring basis as of December 31, 2023	$	—	$	—	$	66,777	$	66,777

As shown in the table above, certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets after they are evaluated for impairment. The primary assets accounted for at fair value on a nonrecurring basis are related to collateral-dependent loans that are individually assessed and other real estate owned. For the collateral-dependent loans and other real estate owned, the Company measures the fair value utilizing a market valuation approach, based on an appraisal conducted by an independent, licensed appraiser. Management may discount the value from the appraisal in determining the fair value if, based on its understanding of the market conditions, the collateral had been impaired below the appraised value (Level 3). For loans that are not collateral dependent, the Company uses an income approach, specifically, the discounted cash flow method. The continuing payments are discounted over the expected life at the loan’s original contract rate and include adjustments for risk of default.

Fair Value of Financial Instruments

The Company discloses fair value information about financial instruments for which it is practicable to estimate the value, whether or not such financial instruments are recognized on the balance sheet. Fair value is the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation, and is best evidenced by quoted market price, if one exists.

Quoted market prices, if available, are shown as estimates of fair value. Because no quoted market prices exist for a portion of the Company’s financial instruments, the fair value of such instruments has been derived based on management’s assumptions with respect to future economic conditions, the amount and timing of future cash flows and estimated discount rates. Different assumptions could significantly affect these estimates. Accordingly, the net realizable value could be materially different from the estimates presented below. In addition, the estimates are only indicative of individual financial instrument values, including in certain cases, the Company's estimation of exit pricing, and should not be considered an indication of the fair value of the Company taken as a whole.

The estimated fair values of the Company’s financial instruments at December 31, 2024 and 2023 are as follows:


					Fair Value Measurements
(dollars in thousands)	Carrying Value		Fair Value		Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
December 31, 2024
Assets
Cash and due from banks	$	11,882	$	11,882	$	11,882	$	—	$	—
Federal funds sold	2,581		2,581		—		2,581		—
Interest bearing deposits with other banks	619,017		619,017		—		619,017		—
Investment securities available-for-sale	1,267,404		1,267,404		—		1,267,404		—
Investment securities held-to-maturity	938,647		820,382		—		820,382		—
Federal Reserve and Federal Home Loan Bank stock	51,763		N/A		—		—		—
Loans	7,934,888		7,707,424		—		—		7,707,424
Bank owned life insurance	115,806		115,806		—		115,806		—
Annuity investment	12,656		12,656		—		12,656		—

Interest rate product	31,592		31,592		—		31,592		—
Accrued interest receivable	49,479		49,479		—		49,479		—

Liabilities
Noninterest bearing deposits	1,544,403		1,544,403		—		1,544,403		—
Interest bearing deposits	4,811,012		4,811,012		—		4,811,012		—
Time deposits	2,775,663		2,785,891		—		2,785,891		—
Customer repurchase agreements	33,157		33,157		—		33,157		—
Other short-term borrowings	490,000		490,000		—		490,000		—
Long-term borrowings	76,108		82,916		—		82,916		—


Interest rate product	29,110		29,110		—		29,110		—
Accrued interest payable	17,844		17,844		—		17,844		—

December 31, 2023
Assets
Cash and due from banks	$	9,047	$	9,047	$	9,047	$	—	$	—
Federal funds sold	3,740		3,740		—		3,740		—
Interest bearing deposits with other banks	709,897		709,897		—		709,897		—
Investment securities available-for-sale	1,506,388		1,506,388		—		1,506,388		—
Investment securities held-to-maturity	1,015,737		901,582		—		901,582		—
Federal Reserve and Federal Home Loan Bank stock	25,748		N/A		—		—		—
Loans held for sale	—		—		—		—		—
Loans	7,968,695		7,720,241		—		—		7,720,241
Bank owned life insurance	112,921		112,921		—		112,921		—
Annuity investment	13,112		13,112		—		13,112		—
Credit risk participation agreements	3		3		—		3		—
Interest rate product	30,662		30,662		—		30,662		—
Accrued interest receivable	53,337		53,337		53,337		—		—

Liabilities
Noninterest bearing deposits	2,279,081		2,279,081		—		2,279,081		—
Interest bearing deposits	4,311,491		4,311,491		—		4,311,491		—
Time deposits	2,217,467		2,217,795		—		2,217,795		—
Customer repurchase agreements	30,587		30,587		—		30,587		—
Other short-term borrowings	1,369,918		1,368,621		—		1,368,621		—
Long-term borrowings	—		—		—		—		—
Interest rate product	30,555		30,555		—		30,555		—
Accrued interest payable	57,395		57,395		57,395		—		—

Parent Company Financial Information

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Parent Company Financial Information

Condensed financial information for Eagle Bancorp, Inc. (the "Parent Company") is as follows:


	Parent Company Condensed Balance Sheets as of
(dollars in thousands)	December 31, 2024		December 31, 2023
Assets
Cash and due from banks	$	23,561	$	38,396

Investment securities held-to-maturity, net allowance for credit losses of $1,000 and $1,449, respectively	43,172		43,633
Investment in subsidiary	1,230,907		1,269,022
Other assets	6,570		10,366
Total Assets	$	1,304,210	$	1,361,417

Liabilities
Other liabilities	$	2,041	$	17,216
Borrowings	76,108		69,918
Total liabilities	78,149		87,134

Shareholders’ Equity
Common stock	298		296
Additional paid in capital	384,932		374,888
Retained earnings	982,304		1,061,456
Accumulated other comprehensive loss	(141,473)		(162,357)
Total Shareholders’ Equity	1,226,061		1,274,283
Total Liabilities and Shareholders’ Equity	$	1,304,210	$	1,361,417


	Parent Company Condensed Statements of Operations
	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Income
Other interest and dividends	$	99,236	$	126,264	$	87,781
Gain on sale of investment securities	1,060		—		—
Other income (loss)	66		43		(24)
Total Income	100,362		126,307		87,757

Expenses
Interest expense	4,797		4,149		4,149
Legal and professional	495		1,695		894
Directors compensation	474		597		643
Provision for (reversal of) credit losses	(449)		1,124		326
Other expenses	1,411		879		14,746
Total Expenses	6,728		8,444		20,758

Income Before Income Tax Expense (Benefit) and Equity in Undistributed Income (Loss) of Subsidiaries	93,634		117,863		66,999
Income Tax Expense (Benefit)	2,182		(1,220)		(1,183)
Income Before Equity in Undistributed Income (Loss) of Subsidiaries	91,452		119,083		68,182
Equity in Undistributed Income (Loss) of Subsidiaries	(138,487)		(18,549)		72,748
Net Income (loss)	$	(47,035)	$	100,534	$	140,930


	Parent Company Condensed Statements of Cash Flows
	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Cash Flows From Operating Activities
Net Income (Loss)	$	(47,035)	$	100,534	$	140,930
Adjustments to reconcile net income (loss) to net cash used in operating activities: Equity in undistributed income (loss) of subsidiary	138,487		18,549		(72,748)
Net tax benefits from stock based compensation expense	9,561		10,018		9,899
Securities premium amortization, net	1,004		6		(54)
Provision for (reversal of) credit losses for investment securities held-to-maturity	(449)		1,124		326
Depreciation and amortization	82		124		—
(Increase) decrease in other assets	(11,935)		(10,397)		(12,909)
Increase (decrease) in other liabilities	2,917		(1,064)		4,593
Net cash provided by operating activities	92,632		118,894		70,037

Cash Flows From Investing Activities


Investment in subsidiary	(70,000)		—		—
Purchases of held-to-maturities investment securities	—		—		(3,976)
Proceeds from maturities of held-to-maturities securities	—		—		1,500
Net cash used in investing activities	(70,000)		—		(2,476)

Cash Flows From Financing Activities
Net proceeds from borrowings	7,665		—		—
Proceeds from exercise of stock options	—		—		97
Proceeds from employee stock purchase plan	485		586		748
Common stock repurchased	—		(47,631)		(33,087)
Cash dividends paid	(45,617)		(54,993)		(55,776)
Net cash used in financing activities	(37,467)		(102,038)		(88,018)
Net Increase (Decrease) in Cash	(14,835)		16,856		(20,457)
Cash and Cash Equivalents at Beginning of Year	38,396		21,540		41,997
Cash and Cash Equivalents at End of Year	$	23,561	$	38,396	$	21,540
Non-Cash Investing Activities
Transfers of investment securities from available-for-sale to held-to-maturity	$	—	$	—	$	42,467

Segment Reporting	12 Months Ended
Segment Reporting	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment ReportingThe Company has one reporting unit, one operating segment and, consequently, a single reportable segment. The Chief Executive Officer, who is the Company’s CODM, monitors revenue streams and other information provided about the company’s products and services offered, primarily banking operations. The information provided to the CODM is presented on an aggregated entity-level basis, which is consistent with the accompanying Consolidated Financial Statements presented in this Form 10-K. The CODM evaluates the financial performance of the Company’s business by evaluating revenue streams, significant expenses, and budget to actual results in assessing operating results and in allocating resources, but profitability is only determined at the entity level. The CODM uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The CODM uses consolidated net income to benchmark the company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessing performance and allocating resources. Loans, investments, and deposits provide the revenues in the Company's operation. Interest expense, provisions for credit losses, and payroll provide the significant expenses in the Company's operations. All of the Company's income and expenses are included in the accompanying Consolidated Financial Statements presented in this Form 10-K. All of the Company’s operations are domestic.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (47,035)	$ 100,534	$ 140,930

- Definition

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

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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 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

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	To date, we have not incurred any material losses related to cybersecurity incidents. However, the risk management and governance processes described above may not be sufficient to prevent cybersecurity incidents, and we could incur substantial costs and suffer other negative consequences from cybersecurity incidents. See “Part 1, Item IA. – Risk Factors” for more information on the cybersecurity risks facing the Company.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company has established an enterprise risk management framework that outlines the processes and procedures the Company uses to identify, assess, mitigate and monitor the risks faced by the Company, including cybersecurity risk.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Board is responsible for the oversight of cybersecurity risk management, as well as the selection of a Chief Information Security Officer (“CISO”), the management official responsible for administering and executing the information security program. The Board’s Technology Oversight Committee (the “TOC”) assists the Board in its oversight of the information security program. The TOC reviews information security metrics, oversees significant instances of non-compliance with the information security policy and monitors remediation of those instances, and reviews the appointment of the CISO for recommendation to the Board. At the management level, the Enterprise Risk Management Committee (the “ERMC”) is primarily responsible for cybersecurity risk management. As it pertains to the information security program, the ERMC assesses and monitors information security risks and approves the information security policy on at least an annual basis. Certain instances of non-compliance with the information security policy are escalated to the EMRC, which may further escalate to the TOC as appropriate. Once escalated to a committee, the committee is responsible for overseeing related remediation. Our CISO is responsible for the overall administration and execution of the information security program and reports to our Chief Risk Officer (“CRO”). Our CISO has over fifteen years of experience working in information security and risk for a variety of companies and organizations, including multiple financial institutions. The CISO monitors the security of, among other things, systems, applications, tools, databases, computers, websites, cloud infrastructure, vendor tools, and user access systems. The CISO performs an annual information security risk assessment, which, among other things, documents inherent risk levels and controls in place to manage those risks. The information security risk assessment is presented to the Board annually. We strive to minimize the occurrence of cybersecurity incidents and the risks resulting from such incidents. However, when a cybersecurity incident does occur, the Company has in place an incident response program to guide our assessment of and response to the incident. The CISO coordinates the Company’s response to a cybersecurity incident, including investigating, recording and evaluating any potential, suspected or confirmed incidents involving non-public customer information or Company confidential information. On a regular basis, the CISO discusses with the CRO information security risk issues, risk mitigation progress and developments and information security enhancement initiatives. The CISO reports to the TOC quarterly on information security developments and emerging risks, both in the industry and specific to the Company. The CISO and CRO report on the information security program, including the status of information security-related key risk indicators, to the TOC and the ERMC. The Information Security Policy is also approved by the TOC on an annual basis. The Company employs third parties in certain aspects of its information security and cybersecurity risk management. For example, we utilize third parties to conduct certain security operations and maintain certain information security infrastructure. We have adopted a Third Party Risk Management Policy, which addresses the identification, measurement, monitoring, and management of our third-party service provider relationships, including those related to information security. The Director of Third-Party Risk Management, along with the CISO, assess and monitor information risks posed by third parties and any non-compliance with the controls created to address such risks. With respect to cybersecurity incidents affecting our third-party service providers, the Director of Third-Party Risk Management works with our service providers to understand and document any incidents, along with managing the impact to us and reporting such incidents to the CRO, ERMC, TOC, and, if applicable, the Board.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	At the management level, the Enterprise Risk Management Committee (the “ERMC”) is primarily responsible for cybersecurity risk management. As it pertains to the information security program, the ERMC assesses and monitors information security risks and approves the information security policy on at least an annual basis.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	At the management level, the Enterprise Risk Management Committee (the “ERMC”) is primarily responsible for cybersecurity risk management. As it pertains to the information security program, the ERMC assesses and monitors information security risks and approves the information security policy on at least an annual basis. Certain instances of non-compliance with the information security policy are escalated to the EMRC, which may further escalate to the TOC as appropriate. Once escalated to a committee, the committee is responsible for overseeing related remediation. Our CISO is responsible for the overall administration and execution of the information security program and reports to our Chief Risk Officer (“CRO”). Our CISO has over fifteen years of experience working in information security and risk for a variety of companies and organizations, including multiple financial institutions. The CISO monitors the security of, among other things, systems, applications, tools, databases, computers, websites, cloud infrastructure, vendor tools, and user access systems. The CISO performs an annual information security risk assessment, which, among other things, documents inherent risk levels and controls in place to manage those risks. The information security risk assessment is presented to the Board annually.
Cybersecurity Risk Role of Management [Text Block]	At the management level, the Enterprise Risk Management Committee (the “ERMC”) is primarily responsible for cybersecurity risk management. As it pertains to the information security program, the ERMC assesses and monitors information security risks and approves the information security policy on at least an annual basis. Certain instances of non-compliance with the information security policy are escalated to the EMRC, which may further escalate to the TOC as appropriate. Once escalated to a committee, the committee is responsible for overseeing related remediation. Our CISO is responsible for the overall administration and execution of the information security program and reports to our Chief Risk Officer (“CRO”). Our CISO has over fifteen years of experience working in information security and risk for a variety of companies and organizations, including multiple financial institutions. The CISO monitors the security of, among other things, systems, applications, tools, databases, computers, websites, cloud infrastructure, vendor tools, and user access systems. The CISO performs an annual information security risk assessment, which, among other things, documents inherent risk levels and controls in place to manage those risks. The information security risk assessment is presented to the Board annually. We strive to minimize the occurrence of cybersecurity incidents and the risks resulting from such incidents. However, when a cybersecurity incident does occur, the Company has in place an incident response program to guide our assessment of and response to the incident. The CISO coordinates the Company’s response to a cybersecurity incident, including investigating, recording and evaluating any potential, suspected or confirmed incidents involving non-public customer information or Company confidential information. On a regular basis, the CISO discusses with the CRO information security risk issues, risk mitigation progress and developments and information security enhancement initiatives. The CISO reports to the TOC quarterly on information security developments and emerging risks, both in the industry and specific to the Company. The CISO and CRO report on the information security program, including the status of information security-related key risk indicators, to the TOC and the ERMC. The Information Security Policy is also approved by the TOC on an annual basis.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	At the management level, the Enterprise Risk Management Committee (the “ERMC”) is primarily responsible for cybersecurity risk management. As it pertains to the information security program, the ERMC assesses and monitors information security risks and approves the information security policy on at least an annual basis. Certain instances of non-compliance with the information security policy are escalated to the EMRC, which may further escalate to the TOC as appropriate. Once escalated to a committee, the committee is responsible for overseeing related remediation.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO is responsible for the overall administration and execution of the information security program and reports to our Chief Risk Officer (“CRO”). Our CISO has over fifteen years of experience working in information security and risk for a variety of companies and organizations, including multiple financial institutions
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	At the management level, the Enterprise Risk Management Committee (the “ERMC”) is primarily responsible for cybersecurity risk management. As it pertains to the information security program, the ERMC assesses and monitors information security risks and approves the information security policy on at least an annual basis. Certain instances of non-compliance with the information security policy are escalated to the EMRC, which may further escalate to the TOC as appropriate. Once escalated to a committee, the committee is responsible for overseeing related remediation. Our CISO is responsible for the overall administration and execution of the information security program and reports to our Chief Risk Officer (“CRO”). Our CISO has over fifteen years of experience working in information security and risk for a variety of companies and organizations, including multiple financial institutions. The CISO monitors the security of, among other things, systems, applications, tools, databases, computers, websites, cloud infrastructure, vendor tools, and user access systems. The CISO performs an annual information security risk assessment, which, among other things, documents inherent risk levels and controls in place to manage those risks. The information security risk assessment is presented to the Board annually. We strive to minimize the occurrence of cybersecurity incidents and the risks resulting from such incidents. However, when a cybersecurity incident does occur, the Company has in place an incident response program to guide our assessment of and response to the incident. The CISO coordinates the Company’s response to a cybersecurity incident, including investigating, recording and evaluating any potential, suspected or confirmed incidents involving non-public customer information or Company confidential information.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2024
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Eagle Bancorp, Inc. (the "Parent") and its subsidiaries (together with the Parent, the “Company”), through EagleBank (the “Bank”), conducts a full service community banking business, primarily in Northern Virginia, Suburban Maryland and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank is also active in the origination of small business loans. The guaranteed portion of small business loans, guaranteed by the Small Business Administration ("SBA"), is typically sold to third party investors in a transaction apart from the loan’s origination. The Bank offers its products and services through twelve banking offices, four lending centers and various digital capabilities, including PC and smartphone-enabled banking services. Eagle Insurance Services, LLC, a subsidiary of the Bank that previously offered access to insurance products and services through a referral program with a third party insurance broker, continues to receive fee income in connection with such program. Landroval Municipal Finance, Inc., a subsidiary of the Bank, focuses on lending to municipalities by buying debt on the public market as well as direct purchase issuance.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the accounts of the Company with all significant intercompany transactions eliminated. EagleBank, a Maryland chartered commercial bank, is the Company’s principal subsidiary. The investment in subsidiaries is recorded on the Company’s books (Parent Only) on the basis of its equity in the net assets of the subsidiary (see Note 24 "Parent Company Financial Information" for further detail)
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform to generally accepted accounting principles in the United States of America (“GAAP”) and to predominant practices in the banking industry. The Consolidated Financial Statements reflect all adjustments, consisting of normal recurring adjustments, that in the opinion of management are necessary to present fairly the results for the periods presented. Certain reclassifications have been made to 2023 amounts previously reported to conform to the 2024 presentation. Reclassifications had no effect on net income (loss) or shareholders' equity. The following is a summary of the significant accounting policies.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates and such differences could be material to the consolidated financial statements. The allowance for credit losses ("ACL") is a material estimate that is particularly susceptible to significant variance in the near-term.
Cash and Cash Equivalents and Statements of Cash Flows	Cash and Cash Equivalents and Statements of Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, federal funds sold and interest bearing deposits with other banks that have an original maturity of three months or less. Net cash flows are reported for customer loan and deposit transactions, interest bearing deposits in other financial institutions, federal funds purchased, repurchase agreements and other borrowings.
Interest Bearing Deposits in Other Financial Institutions	Interest Bearing Deposits in Other Financial Institutions Interest-bearing deposits in other financial institutions mature within one year and are carried at cost.
Investment Securities	Investment Securities The Company recognizes acquired securities on the trade date. Investment securities comprise debt securities, which are classified depending on the Company's intent and ability to hold the securities to maturity. Debt securities are classified as available-for-sale ("AFS") when management may have the intent to sell them prior to maturity. Debt securities are classified as held-to-maturity ("HTM") and carried at amortized cost when management has the positive intent and ability to hold them to maturity. AFS Securities are acquired as part of the Company’s asset/liability management strategy and may be sold in response to changes in interest rates, current market conditions, loan demand, changes in prepayment risk and other factors. AFS securities are carried at fair value, with unrealized gains or losses, other than impairment losses, being reported as accumulated other comprehensive income (loss), a separate component of shareholders’ equity, net of deferred income tax. Realized gains and losses, using the specific identification method, are included as a separate component of noninterest income in the Consolidated Statements of Operations. Premiums and discounts on investment securities are amortized/accreted to the earlier of call or maturity based on expected lives, which lives are adjusted based on prepayment assumptions and call optionality. Declines in the fair value of individual available-for-sale securities below their cost that are other-than-temporary in nature result in write-downs of the individual securities to their fair value. Factors affecting the determination of whether other-than-temporary impairment has occurred include a downgrading of the security by a rating agency or a significant deterioration in the financial condition of the issuer. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include the: (1) magnitude of the decline in value; (2) financial condition of the issuer or issuers; and (3) structure of the security. Premiums and discounts on HTM securities, like AFS securities, are amortized or accreted to the earlier of call or maturity based on expected lives, which include prepayment adjustments and call optionality. Transfers of Investment Securities from Available-for-Sale to Held-to-Maturity Transfers of debt securities into the HTM category from the AFS category are made at amortized cost, net of unrealized gain or loss reported in accumulated other comprehensive income (loss) at the date of transfer. The unrealized holding gain or loss at the date of transfer is retained in other comprehensive income (loss) and in the carrying value of the held-to-maturity securities. Such amounts are amortized over the remaining life of the security. The Company does not intend to sell the HTM investments, and it is more likely than not that the Company will not have to sell the securities before recovery of its amortized cost basis, which may be at maturity. For the impairment of investment securities please see "Allowance for Credit Losses - AFS Securities" and "Allowance for Credit Losses - HTM Securities" below.
Loans	Loans The Company classifies loans in its portfolio as held for investment (“HFI”) when management has the intent and ability to hold the loans for the foreseeable future or until maturity or payoff. HFI loans are stated at the principal amount outstanding, net of unamortized deferred costs and fees. Interest income on loans is recognized at the contractual rate on the principal amounts outstanding. It is the Company’s policy to discontinue the accrual of interest when circumstances indicate that collection is doubtful. Loan origination fees, net of direct loan origination costs, and commitment fees are deferred and amortized on the interest method over the term of the loan. Past due loans are placed on nonaccrual status when the contractual payment of principal or interest has become 90 days past due or there is a clear indication that the borrower's cash flow may not be sufficient to meet payments as they become due, even when the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is well secured. When a loan is placed on nonaccrual status, all previously accrued and unpaid interest is reversed through interest income. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. A loan is placed back on accrual status when both principal and interest are current and it is probable that we will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement.
Allowance for Credit Losses - Loans	Allowance for Credit Losses - Loans The ACL - Loans is an estimate of the expected credit losses in the HFI loans portfolio. The Company's ACL on its loan portfolio is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the allowance when they are deemed uncollectible. Expected recoveries are recorded to the extent they do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL - Loans is measured on a collective pool basis when similar risk characteristics are present. Reserves on loans that do not share similar risk characteristics are evaluated on an individual basis. Nonaccrual loans are specifically reviewed for loss potential and when deemed appropriate are assigned a reserve based on an individual evaluation. The remainder of the portfolio, representing all loans not evaluated individually for impairment, is pooled into portfolio segments by call report codes and a loan-level probability of default (“PD”) / Loss Given Default (“LGD”) cash flow method is applied using an exposure at default (“EAD”) model. These historical loss rates are then modified to incorporate our reasonable and supportable forecast of future losses at the portfolio segment level, as well as any necessary qualitative adjustments. The Company uses regression analysis of historical internal and peer data provided by a third-party provider (as Company loss data is insufficient) to determine suitable credit loss drivers to utilize when modeling lifetime PD and LGD. This analysis also determines how expected PD will be impacted by different forecasted levels of the loss drivers. A similar process is employed to calculate a reserve assigned to off-balance sheet commitments, specifically unfunded loan commitments and letters of credit, and any needed reserve is recorded in reserve for unfunded commitments (“RUC”) on the Consolidated Balance Sheets. For periods beyond which we are able to develop reasonable and supportable forecasts, we revert to the historical loss rate on a straight-line basis over a twelve-month period. The Company uses a loan-level PD/LGD cash flow method with an EAD model to estimate expected credit losses. In accordance with ASC 326, expected credit losses are measured on a collective (pooled) basis for financial assets with similar risk characteristics. The bank groups collectively assessed loans using a call report code. Some unique loan types, such as Paycheck Protection Program ("PPP") loans, are grouped separately due to their specific risk characteristics. For each of the loan segments listed below, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, PD rates and LGD rates. The modeling of expected prepayment speeds is based on historical internal data. EAD is based on each instrument's underlying amortization schedule in order to estimate the bank's expected credit loss exposure at the time of the borrower's potential default. A summary of our primary portfolio segments is as follows: Commercial. The commercial loan portfolio comprises lines of credit and term loans for working capital, equipment and other business assets across a variety of industries. These loans are used for general corporate purposes including financing working capital, internal growth and acquisitions; and are generally secured by accounts receivable, inventory, equipment and other assets of our clients’ businesses. Income producing – commercial real estate. Income producing commercial real estate loans comprise permanent and bridge financing provided to professional real estate owners/managers of commercial and residential real estate projects and properties who generally have a demonstrated record of past success with similar properties. Collateral properties include apartment buildings, office buildings, hotels, mixed-use buildings, retail, data centers, warehouse, and shopping centers. The primary source of repayment on these loans is generally expected to come from lease or operation of the real property collateral. Income producing commercial real estate loans are impacted by fluctuation in collateral values, as well as rental demand and rates. Owner occupied – commercial real estate. The owner occupied commercial real estate portfolio comprises permanent financing provided to operating companies and their related entities for the purchase or refinance of real property wherein their business operates. Collateral properties include industrial property, office buildings, religious facilities, mixed-use property, health care and educational facilities. Real Estate Mortgage – Residential. Real estate mortgage residential loans comprise consumer mortgages for the purpose of purchasing or refinancing first lien real estate loans secured by primary-residence, second-home and rental residential real property. Construction – commercial and residential. The construction commercial and residential loan portfolio comprises loans made to builders and developers of commercial and residential property, for renovation, new construction and development projects. Collateral properties include apartment buildings, mixed use property, residential condominiums, single and 1-4 residential property and office buildings. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. Construction loans are impacted by fluctuations in collateral values and the ability of the borrower or ultimate purchaser to obtain permanent financing. Construction – commercial and industrial ("C&I") (owner occupied). The construction C&I (owner occupied) portfolio comprises loans to operating companies and their related entities for new construction or renovation of the real or leased property in which they operate. Generally these loans contain provisions for conversion to an owner occupied commercial real estate loan or to a commercial loan after completion of construction. Collateral properties include industrial, healthcare, religious facilities, restaurants and office buildings. Home Equity. The home equity portfolio comprises consumer lines of credit and loans secured by subordinate liens on residential real property. Other Consumer. The other consumer portfolio comprises consumer loans not secured by real property, including personal lines of credit and loans, overdraft lines and vehicle loans. This category also includes other loan items such as overdrawn deposit accounts as well as loans and loan payments in process. The ACL also includes a qualitative adjustment for inherent risks not reflected in the historical quantitative analysis associated with the reasonable and supportable forecast. Relevant factors include, but are not limited to, concentrations of credit risk, changes in underwriting standards, experience and depth of lending staff and trends in delinquencies. While our methodology in establishing the reserve for credit losses attributes portions of the ACL and RUC to the commercial and consumer portfolio segments, the entire ACL and RUC is available to absorb credit losses expected in the total loan portfolio and total amount of unfunded credit commitments, respectively. Our model may reflect assumptions by management that are not covered by the qualitative and environmental factors, and we reevaluate all of its factors quarterly. For our cash flow model, management historically forecasted regional unemployment. During the first quarter of 2024, management enhanced the cash flow model to incorporate three macroeconomic variables in addition to national unemployment. The four economic variables selected, national unemployment, which was the original variable used, Commercial Real Estate ("CRE") Price Index, House Price Index and Gross Domestic Product ("GDP"), are incorporated by utilizing a Loss Driver Analysis approach that factors in historical losses, including during the Great Recession, of regional peer banks and the Bank. The updated model incorporates a weighting of three economic scenarios; baseline, upside and downside. The scenarios cover the four economic forecast variables, with each segment of the portfolio linked to two of these variables, depending on the segment. The loss driver analysis is spread over a reasonable and supportable period of 18 months and reverts back to a historical loss rate over twelve months on a straight-line basis over the loan's remaining maturity. Management leverages economic projections from reputable and independent third parties to inform its loss driver forecasts over the forecast period. The ACL also includes an amount for inherent risks not reflected in the historical analyses. Relevant factors include, but are not limited to, concentrations of credit risk, changes in underwriting standards, experience and depth of lending staff and trends in delinquencies. While our methodology in establishing the ACL attributes portions of the ACL and RUC to the separate loan pools or segments, the entire ACL and RUC is available to absorb credit losses expected in the total loan portfolio and total amount of unfunded credit commitments, respectively. Portfolio segments are used to pool loans with similar risk characteristics and align with our methodology for measuring expected credit losses ("CECL"). We have several pass credit grades that are assigned to loans based on varying levels of risk, ranging from loans that are secured by cash or marketable securities, to watch list loans that have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring. Special mention loans are those that are currently protected by the sound worth and paying capacity of the borrower, but that are potentially weak and constitute an additional credit risk. These loans have the potential to deteriorate to a substandard grade due to the existence of financial or administrative deficiencies. Substandard loans have a well-defined weakness or weaknesses that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Some substandard loans are inadequately protected by the sound worth and paying capacity of the borrower and of the collateral pledged and may be considered impaired. Substandard loans can be accruing or can be on nonaccrual depending on the circumstances of the individual loans. Loans graded as doubtful have all the weaknesses inherent in substandard loans with the added characteristics that the weaknesses make collection in full highly questionable and improbable. The possibility of loss is extremely high. All doubtful loans are accounted for on a nonaccrual basis. Classified loans is the aggregation of loans graded substandard and doubtful. The methodology used in the estimation of the ACL, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Changes are reflected in the pool-basis allowance and individually assessed loans as the collectability of classified loans is evaluated with new information. As our portfolio has matured, historical loss ratios have been closely monitored. The review of the appropriateness of the allowance is performed by executive management and presented to management committees and the Audit Committee of the Board of Directors (the "Board"). The committees' reports to the Board are part of the Board's review on a quarterly basis of our consolidated financial statements. When management determines that foreclosure is probable, and for certain collateral-dependent loans where foreclosure is not considered probable, expected credit losses are based on the estimated fair value of the collateral adjusted for selling costs, when appropriate. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless management has a reasonable expectation that a borrower will experience financial difficulty. We do not measure an ACL on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when loans are placed on nonaccrual status.
Loans Held for Sale	Loans Held for Sale The Company regularly engages in the sale of the guaranteed portion of SBA loans originated by the Bank. The Company previously regularly engaged in sale of residential mortgage loans held for sale through the end 2022. In the first quarter of 2023, the Company ceased originations of first lien residential mortgage loans for secondary sale and completed residual origination and sales activities in the second quarter of 2023. The sale of the guaranteed portion of SBA loans on a servicing retained basis gives rise to an excess servicing asset, which is computed on a loan by loan basis with the unamortized amount being included in intangible assets in the Consolidated Balance Sheets. This excess servicing asset is being amortized on a straight-line basis (with adjustment for prepayments) as an offset to servicing fees collected and is included in other income in the Consolidated Statements of Operations. The Company originated multifamily FHA loans through the Department of Housing and Urban Development’s Multifamily Accelerated Program. The Company securitized these loans through the Government National Mortgage Association ("Ginnie Mae") MBS I program and sells the resulting securities in the open market to authorized dealers in the normal course of business and periodically bundles and sells the servicing rights. When servicing was retained on multifamily FHA loans securitized and sold, the Company computed an excess servicing asset on a loan by loan basis. During the year ended December 31, 2024, the Company sold the remaining servicing rights to all multifamily FHA loans. Unamortized multifamily FHA mortgage servicing rights ("MSRs") were zero as of December 31, 2024 and $2.3 million as of December 31, 2023. Noninterest Income includes gains from the sale of the Ginnie Mae securities and net revenues earned on the servicing of multifamily FHA loans underlying the Ginnie Mae securities. Revenue from servicing commercial multifamily FHA mortgages is recognized as earned based on the specific contractual terms of the underlying servicing agreements, along with amortization of and changes in impairment of MSRs.
Collateral Dependent Financial Assets	Collateral Dependent Financial Assets For collateral dependent loans for which the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the net present value ("NPV") from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. Loan Modifications to Borrowers in Financial Difficulty The Company evaluates loan restructurings to determine if we have a loan modification and whether it results in a new loan or the continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there are principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications. A loan that is considered a modified loan may be subject to an individually-evaluated loan analysis if the commitment is $500 thousand or greater; otherwise, the restructured loan remains in the appropriate segment in the ACL model and associated provisions are adjusted based on changes in the discounted cash flows resulting from the modification of the restructured loan. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status, foreclosure or repossession of the collateral to minimize economic loss to the Company.
Allowance for Credit Losses -AFS Securities	Allowance for Credit Losses - AFS Securities For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either criteria is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income, as a non-credit-related impairment. The entire amount of an impairment loss is recognized in earnings (loss) only when: (1) the Company intends to sell the security; or (2) it is more likely than not that the Company will have to sell the security before recovery of its amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings (loss), with the remaining portion being recognized in other comprehensive income (loss), net of deferred taxes. Changes in the ACL are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the uncollectability of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. We have made a policy election to exclude accrued interest from the amortized cost basis of AFS debt securities and report accrued interest separately in accrued interest and other assets in the Consolidated Balance Sheets. AFS debt securities are placed on nonaccrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on nonaccrual status. Accordingly, we do not recognize an allowance for credit loss against accrued interest receivable.
Allowance for Credit Losses - HTM Securities	Allowance for Credit Losses - HTM Securities The Company separately evaluates its HTM investment securities for any credit losses. The Company pools like securities and calculates expected credit losses through an estimate based on a security's credit rating, which is recognized as part of the ACL for HTM securities and included in the balance of HTM securities on the Consolidated Balance Sheets. If the Company determines that a security indicates evidence of deteriorated credit quality, the security is individually evaluated and a discounted cash flow analysis may be performed and compared to the amortized cost basis.
Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records a RUC on off-balance sheet credit exposures through a charge to provision for credit loss expense in the Company's Consolidated Statement of Operations. The RUC on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur and is included in the RUC on the Company’s Consolidated Balance Sheets.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization computed using the straight-line method for financial reporting purposes. Premises and equipment are depreciated over the useful lives of the assets, which generally range from three to seven years for furniture, fixtures and equipment, three to five years for computer software and hardware and five to twenty years for leasehold improvements. Leasehold improvements are amortized over the terms of the respective leases, which may include renewal options where management has the positive intent to exercise such options or the estimated useful lives of the improvements, whichever is shorter. The costs of major renewals and betterments are capitalized, while the costs of ordinary maintenance and repairs are expensed as incurred. These costs are included as a component of premises and equipment expenses on the Consolidated Statements of Operations.
Other Real Estate Owned (OREO)	Other Real Estate Owned (OREO) Assets acquired through loan foreclosure are held for sale and are recorded at fair value less estimated selling costs when acquired, establishing a new cost basis. The new basis is supported by appraisals that are generally no more than twelve months old. Costs after acquisition are generally expensed. If the fair value of the asset declines, a write-down is recorded through noninterest expense. The valuation of foreclosed assets is subjective in nature and may be adjusted in the future because of changes in market conditions or appraised values.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net identifiable assets acquired. Other intangible assets include purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite lives, such as core deposit intangibles, are amortized over their estimated useful lives. All intangible assets are subject to periodic impairment testing. Intangible assets (other than goodwill) are amortized to expense using accelerated or straight-line methods over their respective estimated useful lives. Goodwill is deemed to have an indefinite useful life and as such is not subject to amortization, and instead is subject to impairment testing at the reporting unit level, which must be conducted either at least annually, as well as when events or changes in circumstances indicate the assets might be impaired and/or upon the occurrence of a triggering event. Various factors, such as the Company’s results of operations, the trading price of the Company’s common stock relative to the book value per share, macroeconomic conditions and conditions in the banking sector, inform whether a triggering event for an interim goodwill impairment test has occurred. Goodwill is recorded and evaluated for impairment at its reporting unit, the Company. The Company's policy is to test goodwill for impairment annually as of December 31, or on an interim basis if an event triggering an impairment assessment is determined to have occurred. The Company has determined that it has a single reporting unit. If the fair values of the reporting unit exceed the book value, no write-down of recorded goodwill is required. If the fair value of a reporting unit is less than book value, an expense may be required to write-down the related goodwill to the proper carrying value. Any impairment would be recorded through a reduction of goodwill or other intangible asset and an offsetting charge to noninterest expense. Testing of goodwill impairment comprises a two-step process. First, the Company performs a qualitative assessment to evaluate relevant events or circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is more likely than not that an impairment has occurred, it proceeds to the quantitative impairment test, whereby it calculates the fair value of the reporting unit and compares it with its carrying amount, including goodwill. In its performance of impairment testing, the Company has the unconditional option to proceed directly to the quantitative impairment test, bypassing the qualitative assessment. If the carrying amount of the reporting unit exceeds the fair value, the amount by which the carrying amount exceeds fair value, up to the carrying value of goodwill, is recorded through earnings (loss) as an impairment charge. If the results of the qualitative assessment indicate that it is not more likely than not that an impairment has occurred, or if the quantitative impairment test results in a fair value of the reporting unit that is greater than the carrying amount, then no impairment charge is recorded. During the second quarter ended June 30, 2024, Management determined that a triggering event had occurred as a result of the share price trading under book value for more than four quarters due to the impact of changing macroeconomic conditions and rising interest rates on the banking industry, resulting in a sustained decrease in the Company's stock price. As a result of the triggering event, the Company engaged a third-party service provider to assist Management with the determination of the fair value of the Company during the second quarter of 2024. The valuation indicated that the fair value did not exceed the carrying amount of the Company's sole reporting unit as of May 31, 2024 which resulted in a determination that goodwill had become fully impaired. The goodwill impairment charge of $104.2 million reduced the carrying value of the Company's goodwill to zero as of June 30, 2024. The impaired goodwill was primarily related to the acquisition of the Virginia Heritage Bank in October 2014. The impairment charge did not impact our cash flows, liquidity ratios, core operating performance, or regulatory capital ratios.
Interest Rate Swap Derivatives	Interest Rate Swap Derivatives As required by ASC Topic 815, "Derivatives and Hedging", the Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings (loss) effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
Revenue Recognition	Revenue Recognition The majority of our revenue-generating transactions are not subject to ASC 606 "Revenue from Contracts with Customers", including revenue generated from financial instruments, such as loans, letters of credit, derivatives and investment securities, as well as revenue related to our mortgage servicing activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures. Substantially all of the Company’s revenue is generated from contracts with customers. Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our Statements of Operations as components of noninterest income are as follows: •Service charges on deposit accounts (i.e. automated teller machine ("ATM") fees) - These represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations is generally received at the time the performance obligations are satisfied. •Other Fees (i.e. insurance commissions, investment advisory fees, credit card fees, interchange fees) – Generally, the Company receives compensation when a customer that it refers opens an account with certain third-parties. •Sale of OREO – The Company assesses whether it is “probable” that it will collect the consideration to which it will be entitled in exchange for transferring the asset to the customer.
Customer Repurchase Agreements	Customer Repurchase Agreements The Company enters into agreements under which it sells securities subject to an obligation to repurchase the same securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. As a result, securities sold under agreements to repurchase are accounted for as collateralized financing arrangements and not as a sale and subsequent repurchase of securities. The agreements are entered into primarily as accommodations for large commercial deposit customers. The obligation to repurchase the securities is reflected as a liability in the Company’s Consolidated Balance Sheets, while the securities underlying the securities sold under agreements to repurchase remain in the respective asset accounts and are delivered to and held as collateral by third party trustees.
Marketing and Advertising	Marketing and Advertising Marketing and advertising costs are generally expensed as incurred.
Income Taxes	Income Taxes The Company employs the asset and liability method of accounting for income taxes as required by ASC 740, “Income Taxes.” Under this method, deferred tax assets and liabilities are determined based on differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities (i.e. temporary differences) and are measured at the enacted rates that will be in effect when these differences reverse. We recognize deferred tax assets ("DTA") to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, carryback potential if permitted under the tax law, and results of recent operations. If we determine that we would be able to realize our DTAs in the future in excess of their recorded amount, we would make an adjustment to the DTA valuation allowance, which would reduce the provision for income taxes. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, the Company believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized upon settlement with the applicable taxing authority. The Company's policy is to recognize interest accrued and penalties on income taxes in other noninterest expense.
Transfer of Financial Assets	Transfer of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. In certain cases, the recourse to the Bank to repurchase assets may exist but is deemed immaterial based on the specific facts and circumstances.
Stock-Based Compensation	Stock-Based Compensation In accordance with ASC Topic 718, “Compensation,” the Company records as salaries and employee benefits expense on its Consolidated Statements of Operations an amount equal to the amortization (over the remaining service period) of the fair value of option and restricted stock awards computed at the date of grant. Salary and employee benefits expense on variable stock grants (i.e., performance based grants) is recorded based on the probability of achievement of the goals underlying the performance grant. Refer to Note 16 - "Stock-Based Compensation" for a description of stock-based compensation awards, activity and expense for the years ended December 31, 2024, 2023 and 2022. The Company records the discount from the fair market value of shares issued under its Employee Share Purchase Plan as a component of Salaries and employee benefits expense in its Consolidated Statement of Operations.
Earnings (Loss) per Common Share	Earnings (Loss) per Common Share Basic earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period measured. Diluted earnings (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period including the potential dilutive effects of common stock equivalents.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on debt securities available for sale, debt securities transferred to HTM from AFS, and derivatives, net of taxes. Other comprehensive income (loss) is recognized as a separate component of equity.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe such matters exist that will have a material effect on the financial statements.
Segment Reporting	Segment Reporting The Company has one reporting unit, one operating segment and, consequently, a single reportable segment. Refer to Note 25 - "Segment Reporting" for further details.
New Authoritative Accounting Guidance	New Authoritative Accounting Guidance Accounting Standards Pending Adoption ASU No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative" ("ASU 2023-06") incorporates into the Accounting Standards Codification (ASC or Codification) several U.S. Securities and Exchange Commission ("SEC") disclosure requirements under Regulations S-K and S-X. The amendments in the ASU are intended to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. These requirements are similar to, but require additional information than, generally accepted accounting principles. These new updates modify the disclosure or presentation requirements of a variety of Topics in the Codification. Entities should apply the amendments in ASU 2023-06 prospectively. For entities subject to the SEC’s existing disclosure requirements and for entities that have to file or provide financial statements with or to the SEC for the purpose of selling or issuing securities that do not have contractual limits on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. As a result, the effective date will be different for each individual disclosure based on the effective date of the SEC’s deletion of the related disclosure. Early adoption is prohibited. For all other entities, the effective date will be two years later. Early adoption is permitted for these entities, but not before the provisions of the ASU become effective for entities subject to SEC’s regulation. The effective dates of the amendments are predicated on the SEC removing its related disclosure requirements from its regulations. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. We are currently in the process of evaluating this guidance. ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"). The ASU requires additional income tax disclosures around effective tax rates and cash income taxes paid. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 and interim periods within those fiscal years. The Company is currently evaluating the effect that ASU 2023-09 will have on its consolidated financial statements. ASU No. 2024-01, "Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards" ("ASU 2024-01") clarifies how an entity determines whether a profits interest or similar award (hereafter a "profits interest award") is accounted for either (1) as a share-based payment arrangement, and therefore, within the scope of ASC 718 or (2) not a share-based payment arrangement and therefore within the scope of other guidance. ASU 2024-01 also improves the clarity and operation of the guidance in ASC 718-10-15-3. The guidance in ASU 2024-01 applies to all entities that issue profits interest awards as compensation to employees or non-employees in exchange for goods or services. For public business entities, the amendments are effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. If an entity adopts the amendments in an interim period, it should adopt them as of the beginning of the annual period that includes that interim period. The amendments should be applied (i) retrospectively to all prior periods presented in the financial statements or (ii) prospectively to profits interest and similar awards granted or modified on or after the date at which the entity first applies the amendments. If the amendments are applied prospectively, an entity is required to disclose the nature of and reason for the change in accounting principle. We are currently in the process of evaluating this guidance. ASU No. 2024-02, "Codification Improvements—Amendments to Remove References to the Concepts Statements" ("ASU 2024-02") amends the Accounting Standard Codification (“Codification”) by removing references to various concepts statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior statements to provide guidance in certain topical areas. As stated in paragraph 105-10-05-3 of the Codification, FASB Concepts Statements are non-authoritative. These amendments will simplify the Codification which will further draw a distinction between authoritative and non-authoritative literature. The amendments are effective for public business entities for fiscal years beginning after December 15, 2024. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2025. Early application of the amendments is permitted for all entities, for any fiscal year or interim period for which financial statements have not yet been issued (or made available for issuance). If an entity adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments using one of the following transition methods: (1) prospectively to all new transactions recognized on or after the date that the entity first applies the amendments, or (2) retrospectively to the beginning of the earliest comparative period presented in which the amendments were first applied. We are currently in the process of evaluating this guidance. ASU No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40); Disaggregation of Income Statement Expenses” (“ASU 2024-03”) which requires disaggregated disclosure of income statement expenses for public business entities. The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements at interim and annual reporting periods. ASU 2024-03 adds to ASC 220-40 to require a footnote disclosure about specific expenses by requiring public business entities to disaggregate, in a tabular presentation, each relevant expense caption on the face of the income statement that includes any of the following natural expenses: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization recognized as part of oil- and gas-producing activities or other types of depletion expenses. The tabular disclosure would also include certain other expenses, when applicable. ASU 2024-03 does not change or remove existing expense disclosure requirements; however, it may affect where that information appears in the footnotes to the financial statements. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this update should be applied either (1) prospectively to financial statements issued for reporting periods after the effective date of this Update or (2) retrospectively to any or all prior periods presented in the financial statements. We are currently in the process of evaluating this guidance. Accounting Standards Adopted in 2024 ASU No. 2023-07,"Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." ("ASU 2023-07") requires filers to disclose significant segment expenses, an amount and description for other segment items, the title and position of the entity’s chief operating decision maker ("CODM") and an explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and, on an interim basis, certain segment related disclosures that previously were required only on an annual basis. ASU 2023-07 also clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. ASU 2023-07 is effective for the Company for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Since early adoption is permitted, the Company adopted the guidance prescribed under ASU 2023-07 effective January 1, 2024. Adoption of this guidance did not have a material impact on our consolidated financial statements for fiscal year 2024.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Provision for Credit Losses

The following table presents a breakdown of the current provision for credit losses included in our Consolidated Statements of Operations for the applicable periods:


	For the Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Provision for (reversal of) credit losses - loans	$	67,005	$	30,346	$	103
Provision for credit losses - HTM debt securities	(645)		1,190		766
Provision for (reversal of) credit losses - AFS debt securities	—		—		(603)
Total Provision for credit losses	$	66,360	$	31,536	$	266

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Estimated Fair Value of AFS and HTM Securities

The following tables summarize the Company's investment in AFS and HTM securities by major security type:


(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Estimated Fair Value
December 31, 2024
Investment securities available-for-sale:
U.S. treasury bonds	$	24,988	$	—	$	(212)	$	—	$	24,776
U.S. agency securities	600,277		—		(41,742)		—		558,535
Residential mortgage-backed securities	719,815		36		(94,535)		—		625,316
Commercial mortgage-backed securities	53,248		—		(4,303)		—		48,945
Municipal bonds	8,607		—		(593)		—		8,014
Corporate bonds	2,000		—		(160)		(22)		1,818
Total available-for-sale securities	$	1,408,935	$	36	$	(141,545)	$	(22)	$	1,267,404


(dollars in thousands)	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Estimated Fair Value
December 31, 2024
Investment securities held-to-maturity:


Residential mortgage-backed securities	$	605,904	$	—	$	(85,941)	$	519,963
Commercial mortgage-backed securities	88,575		—		(13,069)		75,506
Municipal bonds	114,060		—		(11,389)		102,671
Corporate bonds	131,414		—		(9,172)		122,242
Total	939,953		$	—	$	(119,571)	$	820,382
Less: allowance for credit losses	(1,306)
Total held-to-maturity securities, net of ACL	$	938,647


(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Estimated Fair Value
December 31, 2023
Investment securities available-for-sale:
U.S. treasury bonds	$	49,894	$	—	$	(1,993)	$	—	$	47,901
U.S. agency securities	729,090		—		(57,693)		—		671,397
Residential mortgage-backed securities	823,992		45		(96,684)		—		727,353
Commercial mortgage-backed securities	54,557		—		(4,993)		—		49,564
Municipal bonds	8,783		—		(293)		—		8,490
Corporate bonds	2,000		—		(300)		(17)		1,683
Total available-for-sale securities	$	1,668,316	$	45	$	(161,956)	$	(17)	$	1,506,388


(dollars in thousands)	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Estimated Fair Value
December 31, 2023
Investment securities held-to-maturity:


Residential mortgage-backed securities	$	670,043	$	—	$	(79,980)	$	590,063
Commercial mortgage-backed securities	90,227		—		(12,867)		77,360
Municipal bonds	125,114		5		(8,540)		116,579
Corporate bonds	132,309		—		(14,729)		117,580
Total	1,017,693		$	5	$	(116,116)	$	901,582
Less: allowance for credit losses	(1,956)
Total held-to-maturity securities, net of ACL	$	1,015,737

Schedule of Unrealized Losses and Fair Value by Length of Time

The following tables summarize, by length of time, the Company's AFS securities that have been in a continuous unrealized loss position and HTM securities that have been in a continuous unrecognized loss position:


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses
December 31, 2024
Investment securities available-for-sale:
U.S. treasury bonds	1	$	—	$	—	$	24,776	$	(212)	$	24,776	$	(212)
U.S. agency securities	71	2,300		(8)		556,235		(41,734)		558,535		(41,742)
Residential mortgage-backed securities	148	7,530		(128)		616,392		(94,407)		623,922		(94,535)
Commercial mortgage-backed securities	13	—		—		48,945		(4,303)		48,945		(4,303)
Municipal bonds	1	—		—		8,014		(593)		8,014		(593)
Corporate bonds	1	—		—		1,818		(160)		1,818		(160)
Total	235	$	9,830	$	(136)	$	1,256,180	$	(141,409)	$	1,266,010	$	(141,545)


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses
December 31, 2024
Investment securities held-to-maturity:


Residential mortgage-backed securities	140	$	—	$	—	$	519,963	$	(85,941)	$	519,963	$	(85,941)
Commercial mortgage-backed securities	16	—		—		75,506		(13,069)		75,506		(13,069)
Municipal bonds	36	4,026		(75)		98,645		(11,314)		102,671		(11,389)
Corporate bonds	30	1,928		(77)		110,280		(9,095)		112,208		(9,172)
Total	222	$	5,954	$	(152)	$	804,394	$	(119,419)	$	810,348	$	(119,571)


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses		Estimated Fair Value		Unrealized Losses
December 31, 2023
Investment securities available-for-sale:
U.S. treasury bonds	2	$	—	$	—	$	47,901	$	(1,993)	$	47,901	$	(1,993)
U.S. agency securities	78	3,084		(4)		668,313		(57,689)		671,397		(57,693)
Residential mortgage-backed securities	149	—		—		718,042		(96,684)		718,042		(96,684)
Commercial mortgage-backed securities	13	—		—		49,564		(4,993)		49,564		(4,993)
Municipal bonds	1	—		—		8,490		(293)		8,490		(293)
Corporate bonds	1	—		—		1,683		(300)		1,683		(300)
Total	244	$	3,084	$	(4)	$	1,493,993	$	(161,952)	$	1,497,077	$	(161,956)


		Less than 12 Months				12 Months or Greater				Total
(dollars in thousands)	Number of Securities	Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses		Estimated Fair Value		Unrecognized Losses
December 31, 2023
Investment securities held-to-maturity:


Residential mortgage-backed securities	142	$	—	$	—	$	590,063	$	(79,980)	$	590,063	$	(79,980)
Commercial mortgage-backed securities	16	—		—		77,360		(12,867)		77,360		(12,867)
Municipal bonds	40	—		—		113,031		(8,540)		113,031		(8,540)
Corporate bonds	30	—		—		105,523		(14,729)		105,523		(14,729)
Total	228	$	—	$	—	$	885,977	$	(116,116)	$	885,977	$	(116,116)

Schedule of Amortized Cost and Estimated Fair Value of Investments AFS by Contractual Maturity

The following table summarizes the Company's investment in AFS securities and HTM securities by contractual maturity. Expected maturities for MBS will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


	December 31, 2024
(dollars in thousands)	Amortized Cost		Estimated Fair Value
Investment securities available-for-sale:
Within one year	$	188,499	$	184,939
One to five years	359,242		331,649
Five to ten years	68,580		59,826
Beyond ten years	19,551		16,751
Residential mortgage-backed securities	719,815		625,316
Commercial mortgage-backed securities	53,248		48,945

Less: allowance for credit losses	—		(22)
Total investment securities available-for-sale	1,408,935		1,267,404

Investment securities held-to-maturity:
Within one year	6,946		6,900
One to five years	64,060		61,728
Five to ten years	105,977		96,087
Beyond ten years	68,491		60,198
Residential mortgage-backed securities:	605,904		519,963
Commercial mortgage-backed securities	88,575		75,506

Less: allowance for credit losses	(1,306)		—
Total investment securities held-to-maturity	938,647		820,382
Total	$	2,347,582	$	2,087,786

Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Loans, Net of Unamortized Net Deferred Fees

HFI Loans, net of unamortized net deferred fees, at December 31, 2024 and 2023 are summarized by portfolio segment as follows:


	December 31, 2024				December 31, 2023
(dollars in thousands)	Amount		%		Amount		%
Commercial	$	1,183,341	15	%	$	1,473,766	18	%
PPP loans	287		—	%	528		—	%
Income producing - commercial real estate	4,064,846		51	%	4,094,614		51	%
Owner occupied - commercial real estate	1,269,669		16	%	1,172,239		15	%
Real estate mortgage - residential	50,535		1	%	73,396		1	%
Construction - commercial and residential	1,210,763		15	%	969,766		12	%
Construction - C&I (owner occupied)	103,259		1	%	132,021		2	%
Home equity	51,130		1	%	51,964		1	%
Other consumer	1,058		—		401		—
Total loans	7,934,888		100	%	7,968,695		100	%
Less: allowance for credit losses	(114,390)				(85,940)
Net loans (1)	$	7,820,498			$	7,882,755

(1)Excludes accrued interest receivable of $42.9 million and $45.3 million at December 31, 2024 and 2023, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Schedule of Detail Activity in the Allowance for Credit Losses by Portfolio Segment

The following table details activity in the ACL by portfolio segment for the years ended December 31, 2024, 2023 and 2022. PPP loans are excluded from these tables since they do not carry an allowance for credit loss, as these loans are fully guaranteed as to principal and interest by the SBA, whose guarantee is backed by the full faith and credit of the U.S. Government. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.


(dollars in thousands)	Commercial		Income Producing - Commercial Real Estate		Owner Occupied - Commercial Real Estate		Real Estate Mortgage - Residential		Construction -Commercial and Residential		Construction - C&I (Owner Occupied)		Home Equity		Other Consumer		Total
Year Ended December 31, 2024
Allowance for credit losses:
Balance at beginning of year	$	17,824	$	40,050	$	14,333	$	861	$	10,198	$	1,992	$	657	$	25	$	85,940
Loans charged-off	(4,906)		(30,284)		(3,800)		—		(129)		—		—		(88)		(39,207)
Recoveries of loans previously charged-off	373		185		94		—		—		—		—		—		652
Net loans (charged-off) and recovered	(4,533)		(30,099)		(3,706)		—		(129)		—		—		(88)		(38,555)
Provision for (reversal of) credit losses	6,099		45,234		12,027		(251)		4,516		(710)		(4)		94		67,005
Ending balance	$	19,390	$	55,185	$	22,654	$	610	$	14,585	$	1,282	$	653	$	31	$	114,390

Year Ended December 31, 2023
Allowance for credit losses:
Balance at beginning of year	$	15,655	$	35,688	$	12,702	$	969	$	7,195	$	1,606	$	555	$	74	$	74,444
Loans charged-off	(2,020)		(11,817)		—		—		(5,636)		—		—		(50)		(19,523)
Recoveries of loans previously charged-off	576		—		55		—		36		—		—		6		673
Net loans (charged-off) and recovered	(1,444)		(11,817)		55		—		(5,600)		—		—		(44)		(18,850)
Provision for (reversal of) credit losses	3,613		16,179		1,576		(108)		8,603		386		102		(5)		30,346
Ending balance	$	17,824	$	40,050	$	14,333	$	861	$	10,198	$	1,992	$	657	$	25	$	85,940

Year Ended December 31, 2022
Allowance for credit losses:
Balance at beginning of year	$	14,475	$	38,287	$	12,146	$	449	$	7,094	$	2,005	$	474	$	35	$	74,965
Loans charged-off	(1,561)		(1,355)		—		—		—		—		—		(79)		(2,995)
Recoveries of loans previously charged-off	713		25		—		—		1,627		—		—		6		2,371
Net loans (charged-off) and recovered	(848)		(1,330)		—		—		1,627		—		—		(73)		(624)
Provision for (reversal of) credit losses	2,028		(1,269)		556		520		(1,526)		(399)		81		112		103
Ending balance	$	15,655	$	35,688	$	12,702	$	969	$	7,195	$	1,606	$	555	$	74	$	74,444

Schedule of Amortized Cost Basis of Collateral-Dependent Loans by Class of Loans

The following table presents the amortized cost basis of collateral-dependent HFI loans by portfolio segment as of December 31, 2024 and 2023:


	December 31, 2024				December 31, 2023
(dollars in thousands)	Business/Other Assets		Real Estate		Business/Other Assets		Real Estate
Commercial	$	1,214	$	1,125	$	1,674	$	1,240

Income-producing-commercial real estate	880		167,574		1,754		39,172
Owner occupied - commercial real estate	—		37,746		—		19,836
Real estate mortgage- residential	—		—		—		1,692
Construction - commercial and residential	—		—		—		525
Home equity	—		303		—		242
Other consumer	—		—		—		—
Total	$	2,094	$	206,748	$	3,428	$	62,707

Schedule of the Risk Category of Loans by Class of Loans


(dollars in thousands)	Prior		2020		2021		2022		2023		2024		Revolving Loans Amort. Cost Basis		Revolving Loans Convert. to Term		Total
December 31, 2024
Commercial:
Pass	$	132,595	$	26,775	$	133,400	$	110,439	$	89,608	$	104,927	$	513,645	$	4,394	$	1,115,783
Special Mention	7,828		3,479		—		—		—		—		18,384		—		29,691
Substandard	11,404		3,713		2,128		519		—		—		12,223		7,880		37,867
Total	151,827		33,967		135,528		110,958		89,608		104,927		544,252		12,274		1,183,341
YTD gross charge-offs	(4,350)		—		—		—		—		—		(506)		(50)		(4,906)
PPP loans:
Pass	—		—		287		—		—		—		—		—		287


Income producing - commercial real estate:
Pass	1,442,246		176,268		626,527		680,822		276,731		151,535		216,363		29,243		3,599,735
Special Mention	74,251		91,643		—		20,600		—		—		—		—		186,494
Substandard	266,309		1,808		—		—		—		—		10,500		—		278,617
Total	1,782,806		269,719		626,527		701,422		276,731		151,535		226,863		29,243		4,064,846
YTD gross charge-offs	(29,898)		(386)		—		—		—		—		—		—		(30,284)
Owner occupied - commercial real estate:
Pass	622,258		57,611		219,162		39,221		138,860		69,623		299		—		1,147,034
Special Mention	23,658		—		—		—		—		—		—		—		23,658
Substandard	96,634		1,248		—		1,095		—		—		—		—		98,977
Total	742,550		58,859		219,162		40,316		138,860		69,623		299		—		1,269,669
YTD gross charge-offs	(3,800)		—		—		—		—		—		—		—		(3,800)
Real estate mortgage - residential:
Pass	20,080		2,435		9,972		12,181		5,867		—		—		—		50,535

Total	20,080		2,435		9,972		12,181		5,867		—		—		—		50,535
YTD gross charge-offs																	—
Construction - commercial and residential:
Pass	26,739		38,385		199,933		595,496		202,577		7,588		124,508		—		1,195,226
Special Mention	—		—		4,964		—		—		—		—		—		4,964
Substandard	5,683		—		4,890		—		—		—		—		—		10,573
Total	32,422		38,385		209,787		595,496		202,577		7,588		124,508		—		1,210,763
YTD gross charge-offs	(129)		—		—		—		—		—		—		—		(129)
Construction - C&I (owner occupied):
Pass	6,063		24,632		—		36,544		8,458		26,730		832		—		103,259


Home equity
Pass	1,366		71		35		116		—		—		48,443		765		50,796
Substandard	59		—		222		—		—		—		53		—		334
Total	1,425		71		257		116		—		—		48,496		765		51,130
YTD gross charge-offs																	—
Other consumer
Pass	3		—		—		—		—		49		1,006		—		1,058


YTD gross charge-offs	(70)		—		—		—		—		—		(17)		(1)		(88)
Total Recorded Investment	$	2,737,176	$	428,068	$	1,201,520	$	1,497,033	$	722,101	$	360,452	$	946,256	$	42,282	$	7,934,888
Total YTD gross charge-offs	$	(38,247)	$	(386)	$	—	$	—	$	—	$	—	$	(523)	$	(51)	$	(39,207)


(dollars in thousands)	Prior		2019		2020		2021		2022		2023		Revolving Loans Amort. Cost Basis		Revolving Loans Convert. to Term		Total
December 31, 2023
Commercial:
Pass	$	157,563	$	48,524	$	39,133	$	194,555	$	149,320	$	191,889	$	623,684	$	5,207	$	1,409,875
Special Mention	1,415		—		—		—		—		—		2,259		—		3,674
Substandard	13,797		58		10,337		1,509		222		—		33,670		624		60,217
Total	172,775		48,582		49,470		196,064		149,542		191,889		659,613		5,831		1,473,766
YTD gross charge-offs	(885)		—		—		—		—		—		—		(1,135)		(2,020)
PPP loans:
Pass	—		—		—		528		—		—		—		—		528


Income producing - commercial real estate:
Pass	1,257,937		326,999		328,743		517,957		732,291		327,126		263,317		1,845		3,756,215
Special Mention	84,585		44,424		6,740		—		—		—		—		—		135,749
Substandard	139,961		62,689		—		—		—		—		—		—		202,650
Total	1,482,483		434,112		335,483		517,957		732,291		327,126		263,317		1,845		4,094,614
YTD gross charge-offs	(11,817)		—		—		—		—		—		—		—		(11,817)
Owner occupied - commercial real estate:
Pass	534,525		103,034		35,385		202,776		41,907		125,934		673		55		1,044,289
Special Mention	54,288		13,348		—		—		—		—		—		—		67,636
Substandard	37,167		—		1,274		—		—		—		—		21,873		60,314
Total	625,980		116,382		36,659		202,776		41,907		125,934		673		21,928		1,172,239
Real estate mortgage - residential:
Pass	22,877		7,545		2,186		15,967		14,756		5,895		—		—		69,226
Substandard	4,170		—		—		—		—		—		—		—		4,170
Total	27,047		7,545		2,186		15,967		14,756		5,895		—		—		73,396
Construction - commercial and residential:
Pass	30,619		3,440		45,739		251,038		419,393		87,400		124,013		—		961,642
Substandard	8,124		—		—		—		—		—		—		—		8,124
Total	38,743		3,440		45,739		251,038		419,393		87,400		124,013		—		969,766
YTD gross charge-offs	(136)		(5,500)		—		—		—		—		—		—		(5,636)
Construction - C&I (owner occupied):
Pass	18,551		4,265		56,361		618		33,237		12,619		6,370		—		132,021

Home equity:
Pass	1,590		—		87		151		118		—		49,035		643		51,624
Substandard	—		36		—		—		—		—		62		242		340
Total	1,590		36		87		151		118		—		49,097		885		51,964

Other consumer:
Pass	1		—		—		—		46		—		354		—		401

Total	1		—		—		—		46		—		354		—		401
YTD gross charge-offs	(50)		—		—		—		—		—		—		—		(50)
Total Recorded Investment	$	2,367,170	$	614,362	$	525,985	$	1,185,099	$	1,391,290	$	750,863	$	1,103,437	$	30,489	$	7,968,695
Total YTD gross charge-offs	$	(12,888)	$	(5,500)	$	—	$	—	$	—	$	—	$	—	$	(1,135)	$	(19,523)

Schedule of Information Related to Nonaccrual Loans by Class

The following table presents, by portfolio segment, information related to the amortized cost basis of nonaccrual HFI loans as of December 31, 2024 and 2023.


	December 31, 2024						December 31, 2023
(dollars in thousands)	Nonaccrual with No Allowance for Credit Loss		Nonaccrual with an Allowance for Credit Losses		Total Nonaccrual Loans		Nonaccrual with No Allowance for Credit Loss		Nonaccrual with an Allowance for Credit Losses		Total Nonaccrual Loans
Commercial	$	1,439	$	609	$	2,048	$	1,002	$	1,047	$	2,049
Income producing - commercial real estate	47,224		121,230		168,454		40,926		—		40,926
Owner occupied - commercial real estate	642		37,102		37,744		19,836		—		19,836
Real estate mortgage - residential	—		157		157		—		1,946		1,946
Construction- commercial and residential	—		—		—		—		525		525
Home equity	303		—		303		242		—		242
Other consumer	—		—		—		—		—		—
Total (1)	$	49,608	$	159,098	$	208,706	$	62,006	$	3,518	$	65,524

(1)Gross coupon interest income of $8.8 million, $4.2 million and $558 thousand would have been recorded for years ended December 31, 2024, 2023 and 2022, respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while interest actually recorded on such loans were $4.1 million, $1.5 million and $17 thousand for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 1 to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.

Schedule by Class of Loan, an Aging Analysis and the Recorded Investments in Loans Past Due

The following table presents, by portfolio segment, an aging analysis and the recorded investments in HFI loans past due as of December 31, 2024 and 2023:


(dollars in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 Days or More Past Due		Total Past Due Loans		Current Loans		Nonaccrual Loans		Total Recorded Investment in Loans
December 31, 2024
Commercial	$	5,121	$	3,759	$	—	$	8,880	$	1,172,413	$	2,048	$	1,183,341
PPP loans	—		—		—		—		287		—		287
Income producing - commercial real estate	13,804		—		—		13,804		3,882,588		168,454		4,064,846
Owner occupied - commercial real estate	2,968		—		—		2,968		1,228,957		37,744		1,269,669
Real estate mortgage – residential	—		—		—		—		50,378		157		50,535
Construction - commercial and residential	—		1,031		—		1,031		1,209,732		—		1,210,763
Construction - C&I (owner occupied)	—		—		—		—		103,259		—		103,259
Home equity	52		—		—		52		50,775		303		51,130
Other consumer	28		—		—		28		1,030		—		1,058
Total	$	21,973	$	4,790	$	—	$	26,763	$	7,699,419	$	208,706	$	7,934,888
December 31, 2023
Commercial	$	985	$	7,048	$	—	$	8,033	$	1,463,684	$	2,049	$	1,473,766
PPP loans	—		—		—		—		528		—		528
Income producing - commercial real estate	—		—		—		—		4,053,688		40,926		4,094,614
Owner occupied - commercial real estate	1,274		—		—		1,274		1,151,129		19,836		1,172,239
Real estate mortgage – residential	2,089		—		—		2,089		69,361		1,946		73,396
Construction - commercial and residential	2,056		—		—		2,056		967,185		525		969,766
Construction - C&I (owner occupied)	—		—		—		—		132,021		—		132,021
Home equity	197		—		—		197		51,525		242		51,964
Other consumer	—		—		—		—		401		—		401
Total	$	6,601	$	7,048	$	—	$	13,649	$	7,889,522	$	65,524	$	7,968,695

Schedule of Loans Modified in Troubled Debt Restructurings

The following table presents the amortized cost basis as of December 31, 2024 and 2023, and the financial effect of HFI loans modified to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023:


(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Principal Payment Delay and Interest Rate Reduction		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction		Total		Percentage of Total Loan Type		Weighted Average Term and Principal Payment Extension (1)	Weighted Average Interest Rate Reduction (2)
December 31, 2024
Commercial	$	27,249	$	28,576	$	7,728	$	—	$	63,553	5.3	%	13 months	1.63	%
Income producing - commercial real estate	25,290		288,111		—		3,514		316,915		7.8	%	8 months	3.59	%
Owner occupied - commercial real estate	870		—		—		—		870		0.1	%	12 months	—	%
Construction - commercial and residential	—		20,454		—		—		20,454		1.7	%	9 months	—	%
Total	$	53,409	$	337,141	$	7,728	$	3,514	$	401,792

December 31, 2023
Commercial	$	14,182	$	21,003	$	—	$	—	$	35,185	2.4	%	11 months	—	%
Income producing - commercial real estate	7,191		62,356		—		106,256		175,803		4.3	%	16 months	2.56	%
Owner occupied - commercial real estate	—		19,127		—		—		19,127		1.6	%	9 months	—	%
Construction - commercial and residential	7,095		—		—		—		7,095		0.7	%	12 months	—	%
Total	$	28,468	$	102,486	$	—	$	106,256	$	237,210

(1)For loans that received multiple modifications during the year, weighted average term and principal payment extensions were calculated based on the aggregate impact of the extensions received during the period.

(2)The weighted average is calculated based on the total amortized cost of loans, at the year-end, that received interest rate reduction modifications during the year.

The following table presents the performance of HFI loans modified during the prior twelve months to borrowers experiencing financial difficulty during the years ended December 31, 2024 and 2023:


	December 31, 2024
	Payment Status (Amortized Cost Basis)
(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
Commercial	$	58,169	$	5,384	$	—	$	—
Income producing - commercial real estate	185,185		—		—		131,730
Owner occupied - commercial real estate	870		—		—		—
Construction - commercial and residential	20,454		—		—		—

Total	$	264,678	$	5,384	$	—	$	131,730


	December 31, 2023
	Payment Status (Amortized Cost Basis)
(dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Nonaccrual
Commercial	$	30,790	$	4,395	$	—	$	—
Income producing - commercial real estate	137,252		—		—		38,551
Owner occupied - commercial real estate	—		—		—		19,127
Construction - commercial and residential	7,095		—		—		—

Total	$	175,137	$	4,395	$	—	$	57,678

Schedule of Amortized Cost Basis of Loan Had a Payment Default

The following table presents the amortized cost basis of HFI loans that were experiencing payment default at December 31, 2024 and 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty:


	December 31, 2024
	Amortized Cost Basis
(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Commercial	$	5,384	$	—	$	—
Income producing - commercial real estate	—		131,730		—
Owner occupied - commercial real estate	—		—		—
Construction - commercial and residential	—		—		—
Total	$	5,384	$	131,730	$	—


	December 31, 2023
	Amortized Cost Basis
(dollars in thousands)	Term Extension		Combination - Term Extension and Principal Payment Delay		Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Commercial	$	4,395	$	—	$	—
Income producing - commercial real estate	—		—		38,551
Owner occupied - commercial real estate	—		19,127		—

Total	$	4,395	$	19,127	$	38,551

Schedule of Related Party Transactions

The following table summarizes the activity of loans outstanding to borrowers with relationships to related parties in 2024 and 2023:


(dollars in thousands)	2024		2023
Balance at January 1,	$	836	$	119,198
Additions	—		283
Repayments	(534)		(44,645)

Removals due to changes in related party status	—		(74,000)
Balance at December 31,	$	302	$	836

Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Premises and Equipment

Premises and equipment include the following at December 31:


(dollars in thousands)	2024		2023
Leasehold improvements	$	28,566	$	29,042
Furniture, fixtures and equipment	19,625		19,600
Less: accumulated depreciation and amortization	(40,497)		(38,453)
Total premises and equipment, net	$	7,694	$	10,189

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Costs and Other Lease Information

The following table presents lease costs and other lease information.


	Years Ended December 31,
(dollars in thousands)	2024				2023
Lease cost
Operating lease cost (cost resulting from lease payments)	$	6,124			$	6,590
Variable lease cost (cost excluded from lease payments)	694				1,000
Sublease income	(40)				(119)
Net lease cost	$	6,778			$	7,471

Operating lease - operating cash flows (fixed payments)	$	6,524			$	7,198

(dollars in thousands)	December 31, 2024				December 31, 2023
Right-of-use assets - operating leases	$	18,494			$	19,129
Operating lease liabilities	$	23,815			$	23,238
Weighted average lease term - operating leases	6.78			yrs	4.93			yrs
Weighted average discount rate - operating leases	3.03		%		2.78		%

Schedule of Future Minimum Payments For Operating Leases

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows:


(dollars in thousands)
Twelve months ended:
December 31, 2025	$	5,688
December 31, 2026	3,406
December 31, 2027	3,456
December 31, 2028	3,054
December 31, 2029	2,618
Thereafter	8,547
Total future minimum lease payments	26,769
Amounts representing interest	(2,954)
Present value of net future minimum lease payments	$	23,815

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets are included in the Consolidated Balance Sheets as a separate line item, net of accumulated amortization and consist of the following items:


(dollars in thousands)	Net Intangible Assets		Additions		Accumulated Amortization		Impairment		Net Intangible Assets
December 31, 2024:
Goodwill	$	104,168	$	—	$	—	$	(104,168)	$	—

Excess servicing (1)	37		—		(21)		—		16
Non-compete agreements	720		—		(720)		—		—
Total	$	104,925	$	—	$	(741)	$	(104,168)	$	16
December 31, 2023:
Goodwill	$	104,168	$	—	$	—	$	—	$	104,168

Excess servicing (1)	65		—		(28)		—		37
Non-compete agreements	—		1,234		(514)		—		720
Total	$	104,233	$	1,234	$	(542)	$	—	$	104,925

(1)The Company recognizes a servicing asset for the computed value of servicing fees on the sale of multifamily FHA loans and the sale of the guaranteed portion of SBA loans. Assumptions related to loan terms and amortization are made to arrive at the initial recorded values, which are included in other assets. The Company has suspended its origination and selling activities in multifamily FHA loans, and therefore, as of December 31, 2024, the Company had no unamortized excess servicing assets for multifamily FHA loans.

Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

Schedule of Activity of Other Real Estate Owned

For the years ended December 31, 2024 and 2023, there were two sales of OREO during each year.


	Years Ended December 31,
(dollars in thousands)	2024		2023
Beginning Balance	$	1,108	$	1,962
Real estate acquired from borrowers	2,370		—
Properties sold	(735)		(854)
Ending Balance	$	2,743	$	1,108

Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Balance Sheet Category and Fair Value Schedule

The table below identifies the balance sheet category and fair value of the Company’s derivative instruments as of December 31, 2024 and 2023. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement at December 31, 2024, it could have been required to settle its obligations under the agreement at the termination value.


	December 31, 2024					December 31, 2023
(dollars in thousands)	Notional Amount		Fair Value		Balance Sheet Category	Notional Amount		Fair Value		Balance Sheet Category
Derivatives in an asset position:
Derivatives designated as hedging instruments:
Interest rate product	$	—	$	—	Other Assets	$	300,000	$	374	Other Assets

Derivatives not designated as hedging instruments:
Interest rate product	697,086		31,592		Other Assets	651,429		30,288		Other Assets
Credit risk participation agreements	49,480		—		Other Liabilities	49,480		3		Other Assets

	746,566		31,592			700,909		30,291
Total derivatives in an asset position	$	746,566	$	31,592		$	1,000,909	$	30,665

Derivatives in a liability position:
Derivatives not designated as hedging instruments:
Interest rate product	$	697,086	$	29,110	Other Liabilities	$	654,757	$	30,555	Other Liabilities

Schedule of Pretax Net Gains (Losses) of Designated Cash Flow Hedges

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the years ended December 31, 2024, 2023 and 2022.


The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
	Amount of Gain (Loss) Recognized in OCI						Location of Gain (Loss) Recognized from Accumulated Other Comprehensive Income (Loss) into Income (Loss)	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
(dollars in thousands)	Total		Included Component		Excluded Component			Total		Included Component		Excluded Component
Year ended December 31, 2024:
Derivatives in cash flow hedging relationships:
Interest rate products	$	—	$	—	$	—	Interest expense	$	32	$	32	$	—

Year ended December 31, 2023
Derivatives in cash flow hedging relationships:
Interest rate products	$	(256)	$	—	$	(256)	Interest expense	$	(14)	$	—	$	(14)

Year ended December 31, 2022
Derivatives in cash flow hedging relationships:
Interest rate products	$	—	$	—	$	—	Interest expense	$	—	$	—	$	—

Schedule of the Effect of Derivative Financial Instruments on the Consolidated Statements of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022.


The Effect of Cash Flow Hedge Accounting on the Consolidated Statements of Operations
	Year Ended Years Ended
	2024		2023		2022
(dollars in thousands)	Interest Expense		Interest Expense		Interest Expense
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	32	$	(14)	$	—

The effect of cash flow hedging:
Gain (loss) on cash flow hedging relationships:
Interest rate products:
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss)	$	32	$	(14)	$	—

Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component	$	32	$	—	$	—
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component	$	—	$	(14)	$	—


Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
(dollars in thousands)	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivatives
		Year Ended Years Ended
		2024		2023		2022
Derivatives Not Designated as Hedging Instruments under ASC 815-20:
Interest rate products	Other income / (expense)	$	1,940	$	2,712	$	3,057
Mortgage banking derivatives	Other income	—		—		671

Total		$	1,940	$	2,712	$	3,728

Deposits (Tables)

12 Months Ended

Dec. 31, 2024

Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]

Schedule of Deposit Composition and Average Interest Rates

The following table provides information regarding the Bank’s deposit composition at December 31, 2024 and 2023 as well as the average rate being paid on interest bearing deposits for the month of December 2024 and 2023.


	December 31,
(dollars in thousands)	2024		2023
Noninterest-bearing demand	$	1,544,403	$	2,279,081
Interest-bearing transaction	1,211,791		997,448
Savings and money market	3,599,221		3,314,043
Time deposits	2,775,663		2,217,467
Total	$	9,131,078	$	8,808,039

Schedule of Maturity of Time Deposits

The remaining maturity of time deposits at December 31, 2024 and 2023 were as follows:


(dollars in thousands)	2024		2023
2024	$	—	$	1,445,395
2025	2,210,348		576,379
2026	513,984		180,384
2027	8,392		5,482
2028	10,556		9,827
2029	32,383		—
Thereafter	—		—
Total	$	2,775,663	$	2,217,467


(dollars in thousands)	2024		2023
Three months or less	$	337,671	$	342,552
More than three months through six months	578,371		544,230
More than six months through twelve months	1,294,306		558,613
Over twelve months	565,315		772,072
Total	$	2,775,663	$	2,217,467

Schedule of Interest Expense on Deposits

Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 was as follows:


(dollars in thousands)	2024		2023		2022
Interest-bearing transaction	$	60,573	$	46,140	$	6,721
Savings and money market	139,539		132,374		65,777
Time deposits	120,309		79,030		10,763
Total	$	320,421	$	257,544	$	83,261

Schedule of Time Deposit Accounts in Excess of $250 Thousand

As of December 31, 2024 and 2023, time deposit accounts in excess of $250 thousand were as follows:


(dollars in thousands)	2024		2023
Three months or less	$	189,817	$	119,880
More than three months through six months	387,849		318,353
More than six months through twelve months	710,021		368,103
Over twelve months	421,530		726,758
Total	$	1,709,217	$	1,533,094

Affordable Housing Projects Tax Credit Partnerships (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Expected Payments for Unfunded Affordable Housing Commitments

As of December 31, 2024, the expected payments for unfunded affordable housing commitments were as follows:


(dollars in thousands)	Amount
Years Ended December 31:
2025	$	15,110
2026	4,576
2027	193
2028	359
2029	306
Thereafter	429
Total unfunded commitments	$	20,973

Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term and Long-Term Borrowings

The following table summarizes the Company’s borrowings, which include repurchase agreements with the Company’s customers and borrowings at December 31, 2024 and 2023:


(dollars in thousands)	Borrowings - Principal		Unamortized Deferred Issuance Costs		Net Borrowings Outstanding		Available Capacity (1)(2)		Maturity Dates	Interest Rates (4)
December 31, 2024:
Customer repurchase agreements	$	33,157	$	—	$	33,157	$	—	N/A	2.67	%

Short-term borrowings:
Secured borrowings:
FHLB	490,000		—		490,000		874,270		Various(3)	4.81	%
FRB:

Discount window	—		—		—		1,800,646		N/A	N/A

Subordinated notes	—		—		—		—		N/A	N/A
Total	490,000		—		490,000		2,674,916

Long-term borrowings:
Senior notes	77,665		(1,557)		76,108		—		September 30, 2029	10.00	%
Total borrowings	$	600,822	$	(1,557)	$	599,265	$	2,674,916

December 31, 2023:
Customer repurchase agreements	$	30,587	$	—	$	30,587	$	—	N/A	3.42	%

Short-term borrowings:
Secured borrowings:
FHLB	—		—		—		1,271,846		N/A	N/A
FRB:
BTFP	1,300,000		—		1,300,000		598,870		March 22, 2024	4.53	%
Discount window	—		—		—		601,504		N/A	N/A
Raymond James repurchase agreement	—		—		—		17,993		N/A	N/A
Subordinated notes	70,000		(82)		69,918		—		September 1, 2024	5.75	%
Total	1,370,000		(82)		1,369,918		2,490,213

Long-term borrowings:
Senior notes	—		—		—		—		N/A	N/A
Total borrowings	$	1,400,587	$	(82)	$	1,400,505	$	2,490,213

(1)Available capacity on the Company's borrowings arrangements with the FHLB, the FRB and the Raymond James repurchase line comprise pledged collateral that has not been borrowed against. At December 31, 2024, the Company had total additional undrawn borrowing capacity of approximately $4.0 billion, comprising unencumbered securities available to be pledged of approximately $1.3 billion and undrawn financing on pledged assets of $2.7 billion.

(2)As part of the Company's agreement governing its participation in the BTFP program and the Raymond James repurchase agreement, the borrowing capacity is determined based on the principal balance of the pledged assets.

(3)FHLB borrowing of $250.0 million matures January 31, 2025 while the remaining $240.0 million matures April 1, 2025.

(4)Represent the weighted average interest rate on customer repurchase agreements, borrowings outstanding and the coupon interest rate on the subordinated notes, which approximates the effective interest rate.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense

Federal and state income tax expense consists of the following for the years ended December 31:


(dollars in thousands)	2024		2023		2022
Current federal income tax expense	$	9,897	$	25,291	$	37,182
Current state income tax expense	4,297		5,072		5,008
Total current tax expense	14,194		30,363		42,190

Deferred federal income tax (benefit) expense	2,823		(2,966)		3,532
Deferred state income tax (benefit) expense	(222)		(411)		3,028
Total deferred tax (benefit) expense	2,601		(3,377)		6,560

Total income tax expense	$	16,795	$	26,986	$	48,750

Schedule of Significant Components of Deferred Tax Assets and Liabilities

The table below summarizes significant components of our deferred tax assets and liabilities as of December 31, 2024 and 2023:


(dollars in thousands)	2024		2023
Deferred tax assets
Allowance for credit losses	$	27,998	$	21,281
Deferred loan fees and costs	4,551		6,372
Unrealized loss on securities available-for-sale	34,656		39,671
Unrealized loss on securities held-to-maturity	10,160		11,725
LIHTC and ITC Tax Credits	5,793		—
Leases	5,774		5,713
Supplemental executive retirement and death benefit agreements	2,075		2,066
Stock-based compensation	1,785		2,003
Premises and equipment	217		—
Unrealized loss on interest rate swap derivatives	—		59
Net operating loss	8,104		7,964
Other assets	3,549		2,669
Gross deferred tax assets	104,662		99,523
Valuation allowances	(7,715)		(7,428)
Total deferred tax assets	96,947		92,095

Deferred tax liabilities
Leases	(4,483)		(4,703)
Interest Rate Swaps & Derivatives	(602)		—
Excess servicing	—		(561)
Premises and equipment	—		(211)
Other liabilities	(390)		—
Total deferred tax liabilities	(5,475)		(5,475)
Net deferred income tax assets	$	91,472	$	86,620

Schedule of Reconciliation of Income Taxes

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate for the years ended December 31, 2024, 2023 and 2022 follows:


	Year Ended December 31,
	2024		2023		2022
Statutory federal income tax rate	21.00	%	21.00	%	21.00	%
Increase (decrease) due to:
State income taxes	(10.53)	%	2.75	%	3.28	%
Goodwill Impairment	(72.34)	%	—	%	—	%
Tax credits, net of amortization (1)	11.37	%	(1.32)	%	(0.80)	%
Tax-exempt interest and dividend income	4.39	%	(1.75)	%	(0.85)	%
Bank owned life insurance	2.00	%	(0.58)	%	(0.33)	%
Stock-based compensation expense	(3.07)	%	0.22	%	(0.08)	%
Change in unrecognized tax benefits	(3.63)	%	—	%	—	%
Return to provision and prior period adjustments	(3.83)	%	(0.24)	%	1.33	%
Non-deductible fines and penalties	—	%	—	%	2.54	%
Other	(0.90)	%	1.08	%	(0.39)	%
Effective tax rate	(55.54)	%	21.16	%	25.70	%

(1) Includes low income housing tax credit proportional amortization expense, net of tax of $5.7 million, $5.4 million and $5.3 million, in 2024, 2023 and 2022 respectively.

Schedule of Unrecognized Tax Benefits

The following table details the change in unrecognized tax benefits ("UTBs") for 2024:


	Year Ended December 31,
(dollars in thousands)	2024
Balance at beginning of year	$	—
Gross increases - tax positions related to prior periods	6,254
Gross decreases - tax positions related to prior periods	—
Gross increases - tax positions related to the current period	296
Settlements with tax authorities	—
Lapse of statute of limitations	—
Balance at end of year	$	6,550

Net Income (Loss) per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Calculation of Net Income (Loss) Per Common Share

The calculation of net income (loss) per common share for the years ended December 31 was as follows:


(dollars and shares in thousands, except per share data)	2024		2023		2022
Basic:
Net income (loss)	$	(47,035)	$	100,534	$	140,930
Average common shares outstanding	30,157		30,346		32,004
Basic net income (loss) per common share	$	(1.56)	$	3.31	$	4.40

Diluted:
Net income (loss)	$	(47,035)	$	100,534	$	140,930
Average common shares outstanding	30,157		30,346		32,004
Adjustment for common share equivalents	—		47		74
Average common shares outstanding-diluted	30,157		30,393		32,078
Diluted net income (loss) per common share (1)	$	(1.56)	$	3.31	$	4.39

Anti-dilutive shares	75		3		3

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Time Vested Restricted Stock

For awards that are time vested, the shares typically vest over a period of one to three years beginning on the first anniversary of the date of grant. In the year ended December 31, 2024, the Company awarded the following time vested restricted stock to senior officers, directors and certain employees:


	December 31, 2024
Date of award	Number of shares	Number of Officers, Directors and Employees
February 2024	275,896	130
August 2024	4,290	2
September 2024	8,756	2
October 2024	20,483	1
November 2024	2,254	1
December 2024	689	1

Schedule of Unvested Restricted Stock Awards

The following table summarizes the unvested restricted stock awards for performance for the years ended December 31, 2024, 2023 and 2022:


	Years Ended December 31,
	2024			2023			2022
Performance Awards	Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value

Unvested at beginning	123,215	$	44.74	129,855	$	45.15	118,568	$	44.71
Granted	150,570	18.47		71,003	40.50		37,775	53.97
Forfeited	(28,826)	40.96		(44,084)	40.29		(1,966)	55.76
Vested	(18,480)	47.57		(33,559)	44.60		(24,522)	55.76
Unvested at end	226,479	$	27.53	123,215	$	44.74	129,855	$	45.15

The following table summarizes the unvested time vesting restricted stock awards for the years ended December 31, 2024, 2023 and 2022:


	Years Ended December 31,
	2024			2023			2022
Time Vested Awards	Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value		Shares	Weighted- Average Grant Date Fair Value
Unvested at beginning	313,992	$	49.08	302,148	$	53.75	300,792	$	46.24
Granted	312,368	23.22		190,256	44.16		166,471	59.72
Forfeited	(38,772)	36.18		(27,558)	51.57		(12,064)	53.10
Vested	(157,283)	49.41		(150,854)	51.76		(153,051)	45.54
Unvested at end	430,305	$	31.35	313,992	$	49.08	302,148	$	53.75

Schedule of Activity of Stock Options

Below is a summary of stock option activity for the years ended December 31, 2024, 2023 and 2022. The information excludes restricted stock units and awards.


	Years Ended December 31,
	2024			2023			2022
	Shares	Weighted- Average Exercise Price		Shares	Weighted- Average Exercise Price		Shares	Weighted- Average Exercise Price
Beginning balance	2,500	$	47.95	2,500	$	47.95	5,789	$	36.96
Granted	—	—		—	—		—	—
Exercised	—	—		—	—		(3,289)	28.60
Forfeited	—	—		—	—		—	—
Ending balance	2,500	$	47.95	2,500	$	47.95	2,500	$	47.95
Exercisable end of year	2,500	$	47.95	2,500	$	47.95	1,666	$	47.95

Schedule of Cash Proceeds, Tax Benefits and Intrinsic Value Related to Total Stock Options Exercised

Cash proceeds, tax benefits and intrinsic value related to total stock options exercised is as follows:


	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Proceeds from stock options exercised	$	—	$	—	$	97
Tax benefits realized from stock compensation	—		—		3
Intrinsic value of stock options exercised	—		—		98

Financial Instruments with Off-Balance Sheet Risk (Tables)

12 Months Ended

Dec. 31, 2024

Financial Instruments With Off-balance Sheet Risk

Schedule of Loan Commitments Outstanding and Lines and Letters of Credit

Loan commitments outstanding and lines and letters of credit at December 31, 2024 and 2023 are as follows:


(dollars in thousands)	2024		2023
Unfunded loan commitments	$	1,318,133	$	1,981,334
Unfunded lines of credit	88,305		98,614
Letters of credit	69,051		87,146

Total	$	1,475,489	$	2,167,094

Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2024

Regulatory Matters

Schedule of Regulatory Capital Requirements Under Banking Regulations

The actual capital amounts and ratios for the Company and Bank as of December 31, 2024 and 2023 are presented in the table below:


	Company				Bank				Minimum Required For Capital Adequacy Purposes (1)		To Be Well Capitalized Under Prompt Corrective Action Regulations (2)
(dollars in thousands)	Actual Amount		Ratio		Actual Amount		Ratio
As of December 31, 2024
CET1 capital (to risk weighted assets)	$	1,369,643	14.63	%	$	1,373,857	14.76	%	7.00	%	6.50	%
Total capital (to risk weighted assets)	1,484,420		15.86	%	1,488,635		16.00	%	10.50	%	10.00	%
Tier 1 capital (to risk weighted assets)	1,369,643		14.63	%	1,373,857		14.76	%	8.50	%	8.00	%
Tier 1 capital (to average assets)	1,369,643		10.74	%	1,373,857		10.82	%	4.00	%	5.00	%

As of December 31, 2023
CET1 capital (to risk weighted assets)	$	1,335,967	13.90	%	$	1,330,001	13.92	%	7.00	%	6.50	%
Total capital (to risk weighted assets)	1,421,347		14.79	%	1,415,381		14.81	%	10.50	%	10.00	%
Tier 1 capital (to risk weighted assets)	1,335,967		13.90	%	1,330,001		13.92	%	8.50	%	8.00	%
Tier 1 capital (to average assets)	1,335,967		10.73	%	1,330,001		10.72	%	4.00	%	5.00	%

(1)The risk-based ratios reflect the minimum requirement plus the capital conservation buffer of 2.500%.

(2)Applies to Bank only

Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

Other Comprehensive Income

Schedule of Components of Other Comprehensive Income (Loss)

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022.


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Year Ended December 31, 2024
Net unrealized gain (loss) on securities available-for-sale	$	20,417	$	(5,011)	$	15,406
Reclassification adjustment for net loss included in net loss	(14)		2		(12)
Total unrealized gain (loss) on securities available-for-sale	20,403		(5,009)		15,394

Amortization of unrealized loss on securities transferred to held-to-maturity	6,889		(1,599)		5,290

Net unrealized loss on derivatives	265		(65)		200


Other comprehensive income (loss)	$	27,557	$	(6,673)	$	20,884

Year Ended December 31, 2023
Net unrealized gain (loss) on securities available-for-sale	$	43,293	$	(10,774)	$	32,519
Reclassification adjustment for net loss included in net income	11		(3)		8
Total unrealized gain (loss) on securities available-for-sale	43,304		(10,777)		32,527

Amortization of unrealized loss on securities transferred to held-to-maturity	7,412		(2,607)		4,805

Net unrealized loss on derivatives	(182)		—		(182)


Other comprehensive income (loss)	$	50,534	$	(13,384)	$	37,150

Year Ended December 31, 2022
Net unrealized gain (loss) on securities available-for-sale	$	(186,439)	$	45,513	$	(140,926)
Reclassification adjustment for net loss included in net income	169		(58)		111
Total unrealized gain (loss) on securities available-for-sale	(186,270)		45,455		(140,815)

Net unrealized gain (loss) on securities transferred to held-to-maturity	(66,193)		17,098		(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	7,093		(2,732)		4,361
Total unrealized gain (loss) on securities transferred to held-to-maturity	(59,100)		14,366		(44,734)
Net unrealized gain on derivatives	284		—		284


Other comprehensive income (loss)	$	(245,086)	$	59,821	$	(185,265)

Schedule of Changes in Each Component of Accumulated Other Comprehensive Income (Loss), Net of Tax

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2024, 2023 and 2022.


(dollars in thousands)	Securities Available For Sale		Held-to-Maturity Securities		Derivatives		Accumulated Other comprehensive income (loss) (Loss)
Year Ended December 31, 2024
Balance at beginning of year	$	(122,246)	$	(39,929)	$	(182)	$	(162,357)
Other comprehensive income (loss) before reclassifications	15,406		5,290		200		20,896
Amortization of unrealized loss on securities transferred to held-to-maturity	—		—		—		—
Amounts reclassified from accumulated other comprehensive loss	(12)		—		—		(12)
Net other comprehensive income (loss) during period	15,394		5,290		200		20,884
Balance at end of year	$	(106,852)	$	(34,639)	$	18	$	(141,473)

Year Ended December 31, 2023
Balance at beginning of year	$	(154,773)	$	(44,734)	$	—	$	(199,507)
Other comprehensive income (loss) before reclassifications	32,519		—		(182)		32,337
Amortization of unrealized loss on securities transferred to held-to-maturity	—		4,805		—		4,805

Amounts reclassified from accumulated other comprehensive loss	8		—		—		8
Net other comprehensive income (loss) during period	32,527		4,805		(182)		37,150
Balance at end of year	$	(122,246)	$	(39,929)	$	(182)	$	(162,357)

Year Ended December 31, 2022
Balance at beginning of year	$	(13,958)	$	—	$	(284)	$	(14,242)
Other comprehensive income (loss) before reclassifications	(140,926)		—		284		(140,642)
Transfer of securities from AFS to HTM	—		(49,095)		—		(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	—		4,361		—		4,361
Amounts reclassified from accumulated other comprehensive loss	111		—		—		111
Net other comprehensive income (loss) during period	(140,815)		(44,734)		284		(185,265)
Balance at end of year	$	(154,773)	$	(44,734)	$	—	$	(199,507)

Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022.


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Statement Where Net Income (Loss) is Presented
	Year Ended Years Ended
(dollars in thousands)	2024		2023		2022
Realized gain (loss) on sale of investment securities	$	14	$	(11)	$	(169)	Net gain (loss) on sale of investment securities

Income tax benefit (expense)	(2)		3		58		Income tax expense
Total	$	12	$	(8)	$	(111)	Net Income (Loss)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Recorded Amount of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023:


(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total (Fair Value)
December 31, 2024
Assets:
Investment securities available-for-sale:
U.S. treasury bonds	$	—	$	24,776	$	—	$	24,776
U.S. agency securities	—		558,535		—		558,535
Residential mortgage-backed securities	—		625,316		—		625,316
Commercial mortgage-backed securities	—		48,945		—		48,945
Municipal bonds	—		8,014		—		8,014
Corporate bonds	—		1,818		—		1,818

Interest rate product	—		31,592		—		31,592
Credit risk participation agreements	—		—		—		—
Total assets measured at fair value on a recurring basis as of December 31, 2024	$	—	$	1,298,996	$	—	$	1,298,996
Liabilities:


Interest rate product	$	—	$	29,110	$	—	$	29,110
Total liabilities measured at fair value on a recurring basis as of December 31, 2024	$	—	$	29,110	$	—	$	29,110

December 31, 2023
Assets:
Investment securities available-for-sale:
U.S. treasury bonds	$	—	$	47,901	$	—	$	47,901
U.S. agency securities	—		671,397		—		671,397
Residential mortgage-backed securities	—		727,353		—		727,353
Commercial mortgage-backed securities	—		49,564		—		49,564
Municipal bonds	—		8,490		—		8,490
Corporate bonds	—		1,683		—		1,683

Interest rate product	—		30,662		—		30,662

Credit risk participation agreements	—		3		—		3
Total assets measured at fair value on a recurring basis as of December 31, 2023	$	—	$	1,537,053	$	—	$	1,537,053
Liabilities:


Interest rate product	$	—	$	30,555	$	—	$	30,555
Total liabilities measured at fair value on a recurring basis as of December 31, 2023	$	—	$	30,555	$	—	$	30,555

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis are included in the table below. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2024 and 2023.


(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total (Fair Value)
December 31, 2024
Individually assessed loans:
Commercial	$	—	$	—	$	2,551	$	2,551
Income producing - commercial real estate	—		—		158,956		158,956
Owner occupied - commercial real estate	—		—		30,384		30,384
Real estate mortgage - residential	—		—		—		—
Construction - commercial and residential	—		—		303		303
Home equity	—		—		—		—
Other real estate owned	—		—		2,743		2,743
Total assets measured at fair value on a nonrecurring basis as of December 31, 2024	$	—	$	—	$	194,937	$	194,937


(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)		Total (Fair Value)
December 31, 2023
Individually assessed loans:
Commercial	$	—	$	—	$	2,475	$	2,475
Income producing - commercial real estate	—		—		41,038		41,038
Owner occupied - commercial real estate	—		—		19,880		19,880
Real estate mortgage - residential	—		—		1,638		1,638

Consumer	—		—		396		396
Home equity	—		—		242		242
Other real estate owned	—		—		1,108		1,108
Total assets measured at fair value on a nonrecurring basis as of December 31, 2023	$	—	$	—	$	66,777	$	66,777

Schedule of Estimated Fair Values of Financial Instruments

The estimated fair values of the Company’s financial instruments at December 31, 2024 and 2023 are as follows:


					Fair Value Measurements
(dollars in thousands)	Carrying Value		Fair Value		Quoted Prices (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
December 31, 2024
Assets
Cash and due from banks	$	11,882	$	11,882	$	11,882	$	—	$	—
Federal funds sold	2,581		2,581		—		2,581		—
Interest bearing deposits with other banks	619,017		619,017		—		619,017		—
Investment securities available-for-sale	1,267,404		1,267,404		—		1,267,404		—
Investment securities held-to-maturity	938,647		820,382		—		820,382		—
Federal Reserve and Federal Home Loan Bank stock	51,763		N/A		—		—		—
Loans	7,934,888		7,707,424		—		—		7,707,424
Bank owned life insurance	115,806		115,806		—		115,806		—
Annuity investment	12,656		12,656		—		12,656		—

Interest rate product	31,592		31,592		—		31,592		—
Accrued interest receivable	49,479		49,479		—		49,479		—

Liabilities
Noninterest bearing deposits	1,544,403		1,544,403		—		1,544,403		—
Interest bearing deposits	4,811,012		4,811,012		—		4,811,012		—
Time deposits	2,775,663		2,785,891		—		2,785,891		—
Customer repurchase agreements	33,157		33,157		—		33,157		—
Other short-term borrowings	490,000		490,000		—		490,000		—
Long-term borrowings	76,108		82,916		—		82,916		—


Interest rate product	29,110		29,110		—		29,110		—
Accrued interest payable	17,844		17,844		—		17,844		—

December 31, 2023
Assets
Cash and due from banks	$	9,047	$	9,047	$	9,047	$	—	$	—
Federal funds sold	3,740		3,740		—		3,740		—
Interest bearing deposits with other banks	709,897		709,897		—		709,897		—
Investment securities available-for-sale	1,506,388		1,506,388		—		1,506,388		—
Investment securities held-to-maturity	1,015,737		901,582		—		901,582		—
Federal Reserve and Federal Home Loan Bank stock	25,748		N/A		—		—		—
Loans held for sale	—		—		—		—		—
Loans	7,968,695		7,720,241		—		—		7,720,241
Bank owned life insurance	112,921		112,921		—		112,921		—
Annuity investment	13,112		13,112		—		13,112		—
Credit risk participation agreements	3		3		—		3		—
Interest rate product	30,662		30,662		—		30,662		—
Accrued interest receivable	53,337		53,337		53,337		—		—

Liabilities
Noninterest bearing deposits	2,279,081		2,279,081		—		2,279,081		—
Interest bearing deposits	4,311,491		4,311,491		—		4,311,491		—
Time deposits	2,217,467		2,217,795		—		2,217,795		—
Customer repurchase agreements	30,587		30,587		—		30,587		—
Other short-term borrowings	1,369,918		1,368,621		—		1,368,621		—
Long-term borrowings	—		—		—		—		—
Interest rate product	30,555		30,555		—		30,555		—
Accrued interest payable	57,395		57,395		57,395		—		—

Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheet for Parent Company Only

Condensed financial information for Eagle Bancorp, Inc. (the "Parent Company") is as follows:


	Parent Company Condensed Balance Sheets as of
(dollars in thousands)	December 31, 2024		December 31, 2023
Assets
Cash and due from banks	$	23,561	$	38,396

Investment securities held-to-maturity, net allowance for credit losses of $1,000 and $1,449, respectively	43,172		43,633
Investment in subsidiary	1,230,907		1,269,022
Other assets	6,570		10,366
Total Assets	$	1,304,210	$	1,361,417

Liabilities
Other liabilities	$	2,041	$	17,216
Borrowings	76,108		69,918
Total liabilities	78,149		87,134

Shareholders’ Equity
Common stock	298		296
Additional paid in capital	384,932		374,888
Retained earnings	982,304		1,061,456
Accumulated other comprehensive loss	(141,473)		(162,357)
Total Shareholders’ Equity	1,226,061		1,274,283
Total Liabilities and Shareholders’ Equity	$	1,304,210	$	1,361,417

Schedule of Condensed Income Statement for Parent Company Only


	Parent Company Condensed Statements of Operations
	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Income
Other interest and dividends	$	99,236	$	126,264	$	87,781
Gain on sale of investment securities	1,060		—		—
Other income (loss)	66		43		(24)
Total Income	100,362		126,307		87,757

Expenses
Interest expense	4,797		4,149		4,149
Legal and professional	495		1,695		894
Directors compensation	474		597		643
Provision for (reversal of) credit losses	(449)		1,124		326
Other expenses	1,411		879		14,746
Total Expenses	6,728		8,444		20,758

Income Before Income Tax Expense (Benefit) and Equity in Undistributed Income (Loss) of Subsidiaries	93,634		117,863		66,999
Income Tax Expense (Benefit)	2,182		(1,220)		(1,183)
Income Before Equity in Undistributed Income (Loss) of Subsidiaries	91,452		119,083		68,182
Equity in Undistributed Income (Loss) of Subsidiaries	(138,487)		(18,549)		72,748
Net Income (loss)	$	(47,035)	$	100,534	$	140,930

Schedule of Condensed Cash Flow Statement for Parent Company Only


	Parent Company Condensed Statements of Cash Flows
	Years Ended December 31,
(dollars in thousands)	2024		2023		2022
Cash Flows From Operating Activities
Net Income (Loss)	$	(47,035)	$	100,534	$	140,930
Adjustments to reconcile net income (loss) to net cash used in operating activities: Equity in undistributed income (loss) of subsidiary	138,487		18,549		(72,748)
Net tax benefits from stock based compensation expense	9,561		10,018		9,899
Securities premium amortization, net	1,004		6		(54)
Provision for (reversal of) credit losses for investment securities held-to-maturity	(449)		1,124		326
Depreciation and amortization	82		124		—
(Increase) decrease in other assets	(11,935)		(10,397)		(12,909)
Increase (decrease) in other liabilities	2,917		(1,064)		4,593
Net cash provided by operating activities	92,632		118,894		70,037

Cash Flows From Investing Activities


Investment in subsidiary	(70,000)		—		—
Purchases of held-to-maturities investment securities	—		—		(3,976)
Proceeds from maturities of held-to-maturities securities	—		—		1,500
Net cash used in investing activities	(70,000)		—		(2,476)

Cash Flows From Financing Activities
Net proceeds from borrowings	7,665		—		—
Proceeds from exercise of stock options	—		—		97
Proceeds from employee stock purchase plan	485		586		748
Common stock repurchased	—		(47,631)		(33,087)
Cash dividends paid	(45,617)		(54,993)		(55,776)
Net cash used in financing activities	(37,467)		(102,038)		(88,018)
Net Increase (Decrease) in Cash	(14,835)		16,856		(20,457)
Cash and Cash Equivalents at Beginning of Year	38,396		21,540		41,997
Cash and Cash Equivalents at End of Year	$	23,561	$	38,396	$	21,540
Non-Cash Investing Activities
Transfers of investment securities from available-for-sale to held-to-maturity	$	—	$	—	$	42,467

Summary of Significant Accounting Policies - Narrative (Details)			3 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($)	May 31, 2024 USD ($)	Mar. 31, 2024 numberOfVariable variable	Dec. 31, 2024 USD ($) Segment store	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Number of macroeconomic variables \| numberOfVariable			3
Number of economic variables \| numberOfVariable			4
Number of economic scenario variables \| numberOfVariable			3
Number of economic forecast variables \| variable			4
Number of variables \| numberOfVariable			2
Macroeconomic variables, reasonable and supportable period (in months)			18 months
Historical loss rate on straight-line basis over loan's remaining maturity (in months)			12 months
Unamortized multifamily FHA MSR's \| $				$ 0	$ 2,300,000
Goodwill impairment \| $	$ 104,200,000	$ 104,200,000		104,168,000	0	$ 0
Goodwill \| $	$ 0			$ 0	$ 104,168,000
Number of reportable segments \| Segment				1
Number of operating segments \| Segment				1
Minimum
Property, Plant and Equipment [Line Items]
Individually-evaluated loan analysis, loan threshold amount \| $				$ 500,000
Furniture Fixtures and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)				3 years
Furniture Fixtures and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)				7 years
Computer Software and Hardware \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)				3 years
Computer Software and Hardware \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)				5 years
Building Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)				5 years
Building Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)				20 years
Banking Services
Property, Plant and Equipment [Line Items]
Number of stores \| store				12
Lending Services
Property, Plant and Equipment [Line Items]
Number of stores \| store				4

Summary of Significant Accounting Policies - Schedule of Provision for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Provision for (reversal of) credit losses - loans	$ 67,005	$ 30,346	$ 103
Provision for credit losses - HTM debt securities	(645)	1,190	766
Provision for (Reversal of) credit losses - AFS debt securities	0	0	(603)
Total Provision for credit losses	$ 66,360	$ 31,536	$ 266

Cash and Due from Banks (Details) - USD ($) $ in Billions	12 Months Ended
Cash and Due from Banks (Details) - USD ($) $ in Billions	Dec. 31, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Average balance maintained	$ 1.8	$ 1.1

Investment Securities - Schedule of Amortized Cost and Estimated Fair Value of AFS and HTM Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,408,935	$ 1,668,316
Gross Unrealized Gains	36	45
Gross Unrealized Losses	(141,545)	(161,956)
Allowance for Credit Losses	(22)	(17)
Estimated Fair Value	1,267,404	1,506,388
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	939,953	1,017,693
HTM Allowance for credit losses	1,306	1,956
Total investment securities held-to-maturity	938,647	1,015,737
Gross Unrecognized Gains	0	5
Gross Unrecognized Losses	(119,571)	(116,116)
Total investment securities held-to-maturity	820,382	901,582
U.S. treasury bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,988	49,894
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(212)	(1,993)
Allowance for Credit Losses	0	0
Estimated Fair Value	24,776	47,901
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	600,277	729,090
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(41,742)	(57,693)
Allowance for Credit Losses	0	0
Estimated Fair Value	558,535	671,397
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	719,815	823,992
Gross Unrealized Gains	36	45
Gross Unrealized Losses	(94,535)	(96,684)
Allowance for Credit Losses	0	0
Estimated Fair Value	625,316	727,353
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	605,904	670,043
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(85,941)	(79,980)
Total investment securities held-to-maturity	519,963	590,063
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	53,248	54,557
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4,303)	(4,993)
Allowance for Credit Losses	0	0
Estimated Fair Value	48,945	49,564
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	88,575	90,227
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(13,069)	(12,867)
Total investment securities held-to-maturity	75,506	77,360
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,607	8,783
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(593)	(293)
Allowance for Credit Losses	0	0
Estimated Fair Value	8,014	8,490
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	114,060	125,114
Gross Unrecognized Gains	0	5
Gross Unrecognized Losses	(11,389)	(8,540)
Total investment securities held-to-maturity	102,671	116,579
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,000	2,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(160)	(300)
Allowance for Credit Losses	(22)	(17)
Estimated Fair Value	1,818	1,683
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	131,414	132,309
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(9,172)	(14,729)
Total investment securities held-to-maturity	$ 122,242	$ 117,580

Investment Securities - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
Investment Securities - Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Federal Reserve and Federal Home Loan Bank stock		$ 51,763,000	$ 25,748,000
Transfer to real estate owned		2,370,000	0	$ 475,000
Payments to acquire held-to-maturity securities		0	0	290,740,000
Realized gain (loss) recognized at time of transfer		0
Allowance for credit losses		22,000	17,000
HTM Allowance for credit losses		(1,306,000)	(1,956,000)
Proceeds from sales and calls of investment securities		153,000,000.0	11,200,000	14,600,000
Debt securities, available-for-sale, realized gain		14,000	129,000	18,000
Debt securities, available-for-sale, realized loss		$ 0	$ 140,000	$ 187,000
Holdings of securities of any one issuer		10.00%	10.00%
Collateral Pledged
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities pledged as collateral		$ 400,000,000	$ 2,100,000,000
Other Assets
Debt Securities, Available-for-sale [Line Items]
Accrued interest on available for sale securities		6,600,000	7,600,000
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Transfer to real estate owned	$ 1,100,000,000
Payments to acquire held-to-maturity securities	237,000,000
Unrealized gain (loss)	$ 66,200,000	44,800,000
Allowance for credit losses		$ 0	$ 0

Investment Securities - Schedule of Gross Unrealized Losses and Fair Value by Length of Time that the Individual AFS Securities Have Been in a Continuous Unrealized Loss (Details) $ in Thousands	Dec. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	235	244
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 9,830	$ 3,084
Investment securities available-for-sale, Less than 12 months, unrealized losses	(136)	(4)
Investment securities available-for-sale, 12 months or greater, estimated fair value	1,256,180	1,493,993
Investment securities available-for-sale, 12 months or greater, unrealized losses	(141,409)	(161,952)
Investment securities available-for-sale, Estimated fair value	1,266,010	1,497,077
Investment securities available-for-sale, Unrealized losses	$ (141,545)	$ (161,956)
Investment securities held-to-maturity, Number of securities \| security	222	228
Investment securities held-to-maturity, Less than 12 months, estimated fair value	$ 5,954	$ 0
Investment securities held-to-maturity, Less than 12 months, unrealized losses	(152)	0
Investment securities held-to-maturity, 12 months or greater, estimated fair value	804,394	885,977
Investment securities held-to-maturity, 12 months or greater, unrealized losses	(119,419)	(116,116)
Investment securities held-to-maturity, Estimated Fair Value	810,348	885,977
Investment securities held-to-maturity, Unrealized losses	$ (119,571)	$ (116,116)
U.S. treasury bonds
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	1	2
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 0	$ 0
Investment securities available-for-sale, Less than 12 months, unrealized losses	0	0
Investment securities available-for-sale, 12 months or greater, estimated fair value	24,776	47,901
Investment securities available-for-sale, 12 months or greater, unrealized losses	(212)	(1,993)
Investment securities available-for-sale, Estimated fair value	24,776	47,901
Investment securities available-for-sale, Unrealized losses	$ (212)	$ (1,993)
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	71	78
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 2,300	$ 3,084
Investment securities available-for-sale, Less than 12 months, unrealized losses	(8)	(4)
Investment securities available-for-sale, 12 months or greater, estimated fair value	556,235	668,313
Investment securities available-for-sale, 12 months or greater, unrealized losses	(41,734)	(57,689)
Investment securities available-for-sale, Estimated fair value	558,535	671,397
Investment securities available-for-sale, Unrealized losses	$ (41,742)	$ (57,693)
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	148	149
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 7,530	$ 0
Investment securities available-for-sale, Less than 12 months, unrealized losses	(128)	0
Investment securities available-for-sale, 12 months or greater, estimated fair value	616,392	718,042
Investment securities available-for-sale, 12 months or greater, unrealized losses	(94,407)	(96,684)
Investment securities available-for-sale, Estimated fair value	623,922	718,042
Investment securities available-for-sale, Unrealized losses	$ (94,535)	$ (96,684)
Investment securities held-to-maturity, Number of securities \| security	140	142
Investment securities held-to-maturity, Less than 12 months, estimated fair value	$ 0	$ 0
Investment securities held-to-maturity, Less than 12 months, unrealized losses	0	0
Investment securities held-to-maturity, 12 months or greater, estimated fair value	519,963	590,063
Investment securities held-to-maturity, 12 months or greater, unrealized losses	(85,941)	(79,980)
Investment securities held-to-maturity, Estimated Fair Value	519,963	590,063
Investment securities held-to-maturity, Unrealized losses	$ (85,941)	$ (79,980)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	13	13
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 0	$ 0
Investment securities available-for-sale, Less than 12 months, unrealized losses	0	0
Investment securities available-for-sale, 12 months or greater, estimated fair value	48,945	49,564
Investment securities available-for-sale, 12 months or greater, unrealized losses	(4,303)	(4,993)
Investment securities available-for-sale, Estimated fair value	48,945	49,564
Investment securities available-for-sale, Unrealized losses	$ (4,303)	$ (4,993)
Investment securities held-to-maturity, Number of securities \| security	16	16
Investment securities held-to-maturity, Less than 12 months, estimated fair value	$ 0	$ 0
Investment securities held-to-maturity, Less than 12 months, unrealized losses	0	0
Investment securities held-to-maturity, 12 months or greater, estimated fair value	75,506	77,360
Investment securities held-to-maturity, 12 months or greater, unrealized losses	(13,069)	(12,867)
Investment securities held-to-maturity, Estimated Fair Value	75,506	77,360
Investment securities held-to-maturity, Unrealized losses	$ (13,069)	$ (12,867)
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	1	1
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 0	$ 0
Investment securities available-for-sale, Less than 12 months, unrealized losses	0	0
Investment securities available-for-sale, 12 months or greater, estimated fair value	8,014	8,490
Investment securities available-for-sale, 12 months or greater, unrealized losses	(593)	(293)
Investment securities available-for-sale, Estimated fair value	8,014	8,490
Investment securities available-for-sale, Unrealized losses	$ (593)	$ (293)
Investment securities held-to-maturity, Number of securities \| security	36	40
Investment securities held-to-maturity, Less than 12 months, estimated fair value	$ 4,026	$ 0
Investment securities held-to-maturity, Less than 12 months, unrealized losses	(75)	0
Investment securities held-to-maturity, 12 months or greater, estimated fair value	98,645	113,031
Investment securities held-to-maturity, 12 months or greater, unrealized losses	(11,314)	(8,540)
Investment securities held-to-maturity, Estimated Fair Value	102,671	113,031
Investment securities held-to-maturity, Unrealized losses	$ (11,389)	$ (8,540)
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Investment securities available-for-sale, Number of securities \| security	1	1
Investment securities available-for-sale, Less than 12 months, estimated fair value	$ 0	$ 0
Investment securities available-for-sale, Less than 12 months, unrealized losses	0	0
Investment securities available-for-sale, 12 months or greater, estimated fair value	1,818	1,683
Investment securities available-for-sale, 12 months or greater, unrealized losses	(160)	(300)
Investment securities available-for-sale, Estimated fair value	1,818	1,683
Investment securities available-for-sale, Unrealized losses	$ (160)	$ (300)
Investment securities held-to-maturity, Number of securities \| security	30	30
Investment securities held-to-maturity, Less than 12 months, estimated fair value	$ 1,928	$ 0
Investment securities held-to-maturity, Less than 12 months, unrealized losses	(77)	0
Investment securities held-to-maturity, 12 months or greater, estimated fair value	110,280	105,523
Investment securities held-to-maturity, 12 months or greater, unrealized losses	(9,095)	(14,729)
Investment securities held-to-maturity, Estimated Fair Value	112,208	105,523
Investment securities held-to-maturity, Unrealized losses	$ (9,172)	$ (14,729)

Investment Securities - Schedule of Amortized Cost and Estimated Fair Value of Investments Available-for-Sale by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Amortized Cost
Total investment securities available-for-sale	$ 1,408,935	$ 1,668,316
Estimated Fair Value
Less: allowance for credit losses	(22)	(17)
Total investment securities available-for-sale	1,267,404
Amortized Cost
Less: allowance for credit losses	(1,306)	(1,956)
Total investment securities held-to-maturity	938,647	1,015,737
Estimated Fair Value
Total investment securities held-to-maturity	820,382	901,582
Asset-Backed Securities
Amortized Cost
Within one year	188,499
One to five years	359,242
Five to ten years	68,580
Beyond ten years	19,551
Estimated Fair Value
Within one year	184,939
One to five years	331,649
Five to ten years	59,826
Beyond ten years	16,751
Amortized Cost
Within one year	6,946
One to five years	64,060
Five to ten years	105,977
Beyond ten years	68,491
Less: allowance for credit losses	(1,306)
Total investment securities held-to-maturity	938,647
Total	2,347,582
Estimated Fair Value
Within one year	6,900
One to five years	61,728
Five to ten years	96,087
Beyond ten years	60,198
Total investment securities held-to-maturity	820,382
Total	2,087,786
Residential mortgage-backed securities
Amortized Cost
Amortized cost, without maturity date	719,815
Total investment securities available-for-sale	719,815	823,992
Estimated Fair Value
Estimated fair value, without maturity date	625,316
Less: allowance for credit losses	0	0
Amortized Cost
Amortized cost, without maturity date	605,904
Estimated Fair Value
Estimated fair value, without maturity date	519,963
Total investment securities held-to-maturity	519,963	590,063
Commercial mortgage-backed securities
Amortized Cost
Amortized cost, without maturity date	53,248
Total investment securities available-for-sale	53,248	54,557
Estimated Fair Value
Estimated fair value, without maturity date	48,945
Less: allowance for credit losses	0	0
Amortized Cost
Amortized cost, without maturity date	88,575
Estimated Fair Value
Estimated fair value, without maturity date	75,506
Total investment securities held-to-maturity	$ 75,506	$ 77,360

Loans and Allowance for Credit Losses - Schedule of Loans, Net of Unamortized Net Deferred Fees (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 7,934,888	$ 7,968,695
Less: allowance for credit losses	(114,390)	(85,940)	$ (74,444)	$ (74,965)
Net loans	$ 7,820,498	$ 7,882,755
Financing receivable, percent	100.00%	100.00%
Accrued Interest Receivable And Other Assets
Loans and Leases Receivable Disclosure [Line Items]
Accrued interest on available for sale securities	$ 42,900	$ 45,300
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,183,341	1,473,766
Less: allowance for credit losses	$ (19,390)	$ (17,824)	(15,655)	(14,475)
Financing receivable, percent	15.00%	18.00%
PPP loans
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 287	$ 528
Financing receivable, percent	0.00%	0.00%
Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 4,064,846	$ 4,094,614
Less: allowance for credit losses	$ (55,185)	$ (40,050)	(35,688)	(38,287)
Financing receivable, percent	51.00%	51.00%
Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 1,269,669	$ 1,172,239
Less: allowance for credit losses	$ (22,654)	$ (14,333)	(12,702)	(12,146)
Financing receivable, percent	16.00%	15.00%
Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 50,535	$ 73,396
Less: allowance for credit losses	$ (610)	$ (861)	(969)	(449)
Financing receivable, percent	1.00%	1.00%
Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 1,210,763	$ 969,766
Less: allowance for credit losses	(14,585)	(10,198)	(7,195)	(7,094)
Construction - commercial and residential: \| Commercial And Residential
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 1,210,763	$ 969,766
Financing receivable, percent	15.00%	12.00%
Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 103,259	$ 132,021
Construction - C&I (owner occupied) \| Construction - C&I (owner occupied):
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 103,259	$ 132,021
Financing receivable, percent	1.00%	2.00%
Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 51,130	$ 51,964
Less: allowance for credit losses	$ (653)	$ (657)	(555)	(474)
Financing receivable, percent	1.00%	1.00%
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 1,058	$ 401
Less: allowance for credit losses	$ (31)	$ (25)	$ (74)	$ (35)
Financing receivable, percent	0.00%	0.00%

Loans and Allowance for Credit Losses - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Unamortized net deferred fees	$ 18,800	$ 27,000
Servicing asset	63,700	328,000
Proceeds from sale of mortgage servicing rights	4,798	0	$ 0
Gain (loss) on sale of loans		1,500
Net loans	7,820,498	$ 7,882,755
ADC Loans
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Net loans	$ 1,800,000
Percent of ADC loan portfolio using interest reserves	59.00%
Income Producing Commercial Real Estate and Real Estate Construction
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Stress test assumption increase interest rates	2.00%
Maximum \| Real estate mortgage - residential: \| Land Acquisition Development and Construction Loans
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Loan term	36 months
Maximum \| Consumer \| Land Acquisition Development and Construction Loans
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Loan term	24 months
Maximum \| Income Producing Commercial Real Estate and Real Estate Construction
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Minimum cash flow debt service coverage ratio	1.0
Maximum \| Commercial
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Loan period	10 years
Loan period, preferred term	7 years
Amortization term	25 years
Minimum \| Income Producing Commercial Real Estate and Real Estate Construction
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Minimum cash flow debt service coverage ratio	1.15
Minimum \| Commercial
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Loan period, preferred term	5 years

Loans and Allowance for Credit Losses - Schedule of Detail Activity in the Allowance for Credit Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	$ 85,940	$ 74,444	$ 74,965
Loans charged-off	(39,207)	(19,523)	(2,995)
Recoveries of loans previously charged-off	652	673	2,371
Net loans (charged-off) and recovered	(38,555)	(18,850)	(624)
Provision for (reversal of) credit losses	67,005	30,346	103
Ending balance	114,390	85,940	74,444
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	17,824	15,655	14,475
Loans charged-off	(4,906)	(2,020)	(1,561)
Recoveries of loans previously charged-off	373	576	713
Net loans (charged-off) and recovered	(4,533)	(1,444)	(848)
Provision for (reversal of) credit losses	6,099	3,613	2,028
Ending balance	19,390	17,824	15,655
Income producing - commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	40,050	35,688	38,287
Loans charged-off	(30,284)	(11,817)	(1,355)
Recoveries of loans previously charged-off	185	0	25
Net loans (charged-off) and recovered	(30,099)	(11,817)	(1,330)
Provision for (reversal of) credit losses	45,234	16,179	(1,269)
Ending balance	55,185	40,050	35,688
Owner occupied - commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	14,333	12,702	12,146
Loans charged-off	(3,800)	0	0
Recoveries of loans previously charged-off	94	55	0
Net loans (charged-off) and recovered	(3,706)	55	0
Provision for (reversal of) credit losses	12,027	1,576	556
Ending balance	22,654	14,333	12,702
Real estate mortgage - residential:
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	861	969	449
Loans charged-off	0	0	0
Recoveries of loans previously charged-off	0	0	0
Net loans (charged-off) and recovered	0	0	0
Provision for (reversal of) credit losses	(251)	(108)	520
Ending balance	610	861	969
Construction - commercial and residential:
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	10,198	7,195	7,094
Loans charged-off	(129)	(5,636)	0
Recoveries of loans previously charged-off	0	36	1,627
Net loans (charged-off) and recovered	(129)	(5,600)	1,627
Provision for (reversal of) credit losses	4,516	8,603	(1,526)
Ending balance	14,585	10,198	7,195
Construction - C&I (Owner Occupied)
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	1,992	1,606	2,005
Loans charged-off	0	0	0
Recoveries of loans previously charged-off	0	0	0
Net loans (charged-off) and recovered	0	0	0
Provision for (reversal of) credit losses	(710)	386	(399)
Ending balance	1,282	1,992	1,606
Home equity
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	657	555	474
Loans charged-off	0	0	0
Recoveries of loans previously charged-off	0	0	0
Net loans (charged-off) and recovered	0	0	0
Provision for (reversal of) credit losses	(4)	102	81
Ending balance	653	657	555
Other consumer
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of year	25	74	35
Loans charged-off	(88)	(50)	(79)
Recoveries of loans previously charged-off	0	6	6
Net loans (charged-off) and recovered	(88)	(44)	(73)
Provision for (reversal of) credit losses	94	(5)	112
Ending balance	$ 31	$ 25	$ 74

Loans and Allowance for Credit Losses - Schedule of Amortized Cost Basis of Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	$ 7,820,498	$ 7,882,755
Business or Other Assets
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	2,094	3,428
Business or Other Assets \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	1,214	1,674
Business or Other Assets \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	880	1,754
Business or Other Assets \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	0
Business or Other Assets \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	0
Business or Other Assets \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	0
Business or Other Assets \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	0
Business or Other Assets \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	0
Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	206,748	62,707
Real Estate \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	1,125	1,240
Real Estate \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	167,574	39,172
Real Estate \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	37,746	19,836
Real Estate \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	1,692
Real Estate \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	0	525
Real Estate \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	303	242
Real Estate \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, net	$ 0	$ 0

Loans and Allowance for Credit Losses - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]
Prior	$ 2,737,176	$ 2,367,170
Originated, four years before current fiscal year	428,068	614,362
Originated, three years before current fiscal year	1,201,520	525,985
Originated, two years before current fiscal year	1,497,033	1,185,099
Originated, fiscal year before current fiscal year	722,101	1,391,290
Originated, current fiscal year	360,452	750,863
Revolving Loans Amort. Cost Basis	946,256	1,103,437
Revolving Loans Convert. to Term	42,282	30,489
Loans	7,934,888	7,968,695
Financial Asset, Write Offs [Abstract]
Prior	(38,247)	(12,888)
Originated, four years before current fiscal year	(386)	(5,500)
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amortized Cost Basis	(523)	0
Revolving Loans Converted to Term	(51)	(1,135)
Loans charged-off	(39,207)	(19,523)	$ (2,995)
Commercial
Loans and Leases Receivable Disclosure [Abstract]
Prior	151,827	172,775
Originated, four years before current fiscal year	33,967	48,582
Originated, three years before current fiscal year	135,528	49,470
Originated, two years before current fiscal year	110,958	196,064
Originated, fiscal year before current fiscal year	89,608	149,542
Originated, current fiscal year	104,927	191,889
Revolving Loans Amort. Cost Basis	544,252	659,613
Revolving Loans Convert. to Term	12,274	5,831
Loans	1,183,341	1,473,766
Financial Asset, Write Offs [Abstract]
Prior	(4,350)	(885)
Originated, four years before current fiscal year	0	0
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amortized Cost Basis	(506)	0
Revolving Loans Converted to Term	(50)	(1,135)
Loans charged-off	(4,906)	(2,020)	(1,561)
Commercial \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	132,595	157,563
Originated, four years before current fiscal year	26,775	48,524
Originated, three years before current fiscal year	133,400	39,133
Originated, two years before current fiscal year	110,439	194,555
Originated, fiscal year before current fiscal year	89,608	149,320
Originated, current fiscal year	104,927	191,889
Revolving Loans Amort. Cost Basis	513,645	623,684
Revolving Loans Convert. to Term	4,394	5,207
Loans	1,115,783	1,409,875
Commercial \| Special Mention
Loans and Leases Receivable Disclosure [Abstract]
Prior	7,828	1,415
Originated, four years before current fiscal year	3,479	0
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	18,384	2,259
Revolving Loans Convert. to Term	0	0
Loans	29,691	3,674
Commercial \| Substandard
Loans and Leases Receivable Disclosure [Abstract]
Prior	11,404	13,797
Originated, four years before current fiscal year	3,713	58
Originated, three years before current fiscal year	2,128	10,337
Originated, two years before current fiscal year	519	1,509
Originated, fiscal year before current fiscal year	0	222
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	12,223	33,670
Revolving Loans Convert. to Term	7,880	624
Loans	37,867	60,217
PPP loans:
Loans and Leases Receivable Disclosure [Abstract]
Loans	287	528
PPP loans: \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	0	0
Originated, four years before current fiscal year	0	0
Originated, three years before current fiscal year	287	0
Originated, two years before current fiscal year	0	528
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	0
Loans	287	528
Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Abstract]
Prior	1,782,806	1,482,483
Originated, four years before current fiscal year	269,719	434,112
Originated, three years before current fiscal year	626,527	335,483
Originated, two years before current fiscal year	701,422	517,957
Originated, fiscal year before current fiscal year	276,731	732,291
Originated, current fiscal year	151,535	327,126
Revolving Loans Amort. Cost Basis	226,863	263,317
Revolving Loans Convert. to Term	29,243	1,845
Loans	4,064,846	4,094,614
Financial Asset, Write Offs [Abstract]
Prior	(29,898)	(11,817)
Originated, four years before current fiscal year	(386)	0
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Loans charged-off	(30,284)	(11,817)	(1,355)
Income producing - commercial real estate \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	1,442,246	1,257,937
Originated, four years before current fiscal year	176,268	326,999
Originated, three years before current fiscal year	626,527	328,743
Originated, two years before current fiscal year	680,822	517,957
Originated, fiscal year before current fiscal year	276,731	732,291
Originated, current fiscal year	151,535	327,126
Revolving Loans Amort. Cost Basis	216,363	263,317
Revolving Loans Convert. to Term	29,243	1,845
Loans	3,599,735	3,756,215
Income producing - commercial real estate \| Special Mention
Loans and Leases Receivable Disclosure [Abstract]
Prior	74,251	84,585
Originated, four years before current fiscal year	91,643	44,424
Originated, three years before current fiscal year	0	6,740
Originated, two years before current fiscal year	20,600	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	0
Loans	186,494	135,749
Income producing - commercial real estate \| Substandard
Loans and Leases Receivable Disclosure [Abstract]
Prior	266,309	139,961
Originated, four years before current fiscal year	1,808	62,689
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	10,500	0
Revolving Loans Convert. to Term	0	0
Loans	278,617	202,650
Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Abstract]
Prior	742,550	625,980
Originated, four years before current fiscal year	58,859	116,382
Originated, three years before current fiscal year	219,162	36,659
Originated, two years before current fiscal year	40,316	202,776
Originated, fiscal year before current fiscal year	138,860	41,907
Originated, current fiscal year	69,623	125,934
Revolving Loans Amort. Cost Basis	299	673
Revolving Loans Convert. to Term	0	21,928
Loans	1,269,669	1,172,239
Financial Asset, Write Offs [Abstract]
Prior	(3,800)
Originated, four years before current fiscal year	0
Originated, three years before current fiscal year	0
Originated, two years before current fiscal year	0
Originated, fiscal year before current fiscal year	0
Originated, current fiscal year	0
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term	0
Loans charged-off	(3,800)	0	0
Owner occupied - commercial real estate \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	622,258	534,525
Originated, four years before current fiscal year	57,611	103,034
Originated, three years before current fiscal year	219,162	35,385
Originated, two years before current fiscal year	39,221	202,776
Originated, fiscal year before current fiscal year	138,860	41,907
Originated, current fiscal year	69,623	125,934
Revolving Loans Amort. Cost Basis	299	673
Revolving Loans Convert. to Term	0	55
Loans	1,147,034	1,044,289
Owner occupied - commercial real estate \| Special Mention
Loans and Leases Receivable Disclosure [Abstract]
Prior	23,658	54,288
Originated, four years before current fiscal year	0	13,348
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	0
Loans	23,658	67,636
Owner occupied - commercial real estate \| Substandard
Loans and Leases Receivable Disclosure [Abstract]
Prior	96,634	37,167
Originated, four years before current fiscal year	1,248	0
Originated, three years before current fiscal year	0	1,274
Originated, two years before current fiscal year	1,095	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	21,873
Loans	98,977	60,314
Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Abstract]
Prior	20,080	27,047
Originated, four years before current fiscal year	2,435	7,545
Originated, three years before current fiscal year	9,972	2,186
Originated, two years before current fiscal year	12,181	15,967
Originated, fiscal year before current fiscal year	5,867	14,756
Originated, current fiscal year	0	5,895
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	0
Loans	50,535	73,396
Financial Asset, Write Offs [Abstract]
Prior
Originated, four years before current fiscal year
Originated, three years before current fiscal year
Originated, two years before current fiscal year
Originated, fiscal year before current fiscal year
Originated, current fiscal year
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Loans charged-off	0	0	0
Real estate mortgage - residential: \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	20,080	22,877
Originated, four years before current fiscal year	2,435	7,545
Originated, three years before current fiscal year	9,972	2,186
Originated, two years before current fiscal year	12,181	15,967
Originated, fiscal year before current fiscal year	5,867	14,756
Originated, current fiscal year	0	5,895
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	0
Loans	50,535	69,226
Real estate mortgage - residential: \| Substandard
Loans and Leases Receivable Disclosure [Abstract]
Prior		4,170
Originated, four years before current fiscal year		0
Originated, three years before current fiscal year		0
Originated, two years before current fiscal year		0
Originated, fiscal year before current fiscal year		0
Originated, current fiscal year		0
Revolving Loans Amort. Cost Basis		0
Revolving Loans Convert. to Term		0
Loans		4,170
Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Abstract]
Prior	32,422	38,743
Originated, four years before current fiscal year	38,385	3,440
Originated, three years before current fiscal year	209,787	45,739
Originated, two years before current fiscal year	595,496	251,038
Originated, fiscal year before current fiscal year	202,577	419,393
Originated, current fiscal year	7,588	87,400
Revolving Loans Amort. Cost Basis	124,508	124,013
Revolving Loans Convert. to Term	0	0
Loans	1,210,763	969,766
Financial Asset, Write Offs [Abstract]
Prior	(129)	(136)
Originated, four years before current fiscal year	0	(5,500)
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term	0	0
Loans charged-off	(129)	(5,636)	0
Construction - commercial and residential: \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	26,739	30,619
Originated, four years before current fiscal year	38,385	3,440
Originated, three years before current fiscal year	199,933	45,739
Originated, two years before current fiscal year	595,496	251,038
Originated, fiscal year before current fiscal year	202,577	419,393
Originated, current fiscal year	7,588	87,400
Revolving Loans Amort. Cost Basis	124,508	124,013
Revolving Loans Convert. to Term	0	0
Loans	1,195,226	961,642
Construction - commercial and residential: \| Special Mention
Loans and Leases Receivable Disclosure [Abstract]
Prior	0
Originated, four years before current fiscal year	0
Originated, three years before current fiscal year	4,964
Originated, two years before current fiscal year	0
Originated, fiscal year before current fiscal year	0
Originated, current fiscal year	0
Revolving Loans Amort. Cost Basis	0
Revolving Loans Convert. to Term	0
Loans	4,964
Construction - commercial and residential: \| Substandard
Loans and Leases Receivable Disclosure [Abstract]
Prior	5,683	8,124
Originated, four years before current fiscal year	0	0
Originated, three years before current fiscal year	4,890	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	0	0
Revolving Loans Convert. to Term	0	0
Loans	10,573	8,124
Construction - C&I (owner occupied): \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	6,063	18,551
Originated, four years before current fiscal year	24,632	4,265
Originated, three years before current fiscal year	0	56,361
Originated, two years before current fiscal year	36,544	618
Originated, fiscal year before current fiscal year	8,458	33,237
Originated, current fiscal year	26,730	12,619
Revolving Loans Amort. Cost Basis	832	6,370
Revolving Loans Convert. to Term	0	0
Loans	103,259	132,021
Home equity
Loans and Leases Receivable Disclosure [Abstract]
Prior	1,425	1,590
Originated, four years before current fiscal year	71	36
Originated, three years before current fiscal year	257	87
Originated, two years before current fiscal year	116	151
Originated, fiscal year before current fiscal year	0	118
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	48,496	49,097
Revolving Loans Convert. to Term	765	885
Loans	51,130	51,964
Financial Asset, Write Offs [Abstract]
Prior
Originated, four years before current fiscal year
Originated, three years before current fiscal year
Originated, two years before current fiscal year
Originated, fiscal year before current fiscal year
Originated, current fiscal year
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Loans charged-off	0	0	0
Home equity \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	1,366	1,590
Originated, four years before current fiscal year	71	0
Originated, three years before current fiscal year	35	87
Originated, two years before current fiscal year	116	151
Originated, fiscal year before current fiscal year	0	118
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	48,443	49,035
Revolving Loans Convert. to Term	765	643
Loans	50,796	51,624
Home equity \| Substandard
Loans and Leases Receivable Disclosure [Abstract]
Prior	59	0
Originated, four years before current fiscal year	0	36
Originated, three years before current fiscal year	222	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amort. Cost Basis	53	62
Revolving Loans Convert. to Term	0	242
Loans	334	340
Other consumer
Loans and Leases Receivable Disclosure [Abstract]
Prior		1
Originated, four years before current fiscal year		0
Originated, three years before current fiscal year		0
Originated, two years before current fiscal year		0
Originated, fiscal year before current fiscal year		46
Originated, current fiscal year		0
Revolving Loans Amort. Cost Basis		354
Revolving Loans Convert. to Term		0
Loans	1,058	401
Financial Asset, Write Offs [Abstract]
Prior	(70)	(50)
Originated, four years before current fiscal year	0	0
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	0
Originated, current fiscal year	0	0
Revolving Loans Amortized Cost Basis	(17)	0
Revolving Loans Converted to Term	(1)	0
Loans charged-off	(88)	(50)	$ (79)
Other consumer \| Pass
Loans and Leases Receivable Disclosure [Abstract]
Prior	3	1
Originated, four years before current fiscal year	0	0
Originated, three years before current fiscal year	0	0
Originated, two years before current fiscal year	0	0
Originated, fiscal year before current fiscal year	0	46
Originated, current fiscal year	49	0
Revolving Loans Amort. Cost Basis	1,006	354
Revolving Loans Convert. to Term	0	0
Loans	$ 1,058	$ 401

Loans and Allowance for Credit Losses - Schedule of Information Related to Nonaccrual Loans by Class (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	$ 49,608	$ 62,006
Nonaccrual with an Allowance for Credit Losses	159,098	3,518
Total Nonaccrual Loans	208,706	65,524
Interest lost on nonaccrual loans	8,800	4,200	$ 558
Nonaccrual loans, recorded interest income	4,100	1,500	$ 17
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	1,439	1,002
Nonaccrual with an Allowance for Credit Losses	609	1,047
Total Nonaccrual Loans	2,048	2,049
Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	47,224	40,926
Nonaccrual with an Allowance for Credit Losses	121,230	0
Total Nonaccrual Loans	168,454	40,926
Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	642	19,836
Nonaccrual with an Allowance for Credit Losses	37,102	0
Total Nonaccrual Loans	37,744	19,836
Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	0	0
Nonaccrual with an Allowance for Credit Losses	157	1,946
Total Nonaccrual Loans	157	1,946
Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	0	0
Nonaccrual with an Allowance for Credit Losses	0	525
Total Nonaccrual Loans	0	525
Home equity
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	303	242
Nonaccrual with an Allowance for Credit Losses	0	0
Total Nonaccrual Loans	303	242
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual with No Allowance for Credit Loss	0	0
Nonaccrual with an Allowance for Credit Losses	0	0
Total Nonaccrual Loans	$ 0	$ 0

Loans and Allowance for Credit Losses - Schedule by Class of Loan, an Aging Analysis and the Recorded Investments in Loans Past Due (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 7,934,888	$ 7,968,695
Nonaccrual Loans	208,706	65,524
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,183,341	1,473,766
Nonaccrual Loans	2,048	2,049
PPP loans:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	287	528
Nonaccrual Loans	0	0
Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	4,064,846	4,094,614
Nonaccrual Loans	168,454	40,926
Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,269,669	1,172,239
Nonaccrual Loans	37,744	19,836
Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	50,535	73,396
Nonaccrual Loans	157	1,946
Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,210,763	969,766
Nonaccrual Loans	0	525
Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	103,259	132,021
Nonaccrual Loans	0	0
Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	51,130	51,964
Nonaccrual Loans	303	242
Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,058	401
Nonaccrual Loans	0	0
Total Past Due Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	26,763	13,649
Total Past Due Loans \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	8,880	8,033
Total Past Due Loans \| PPP loans:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Total Past Due Loans \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	13,804	0
Total Past Due Loans \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	2,968	1,274
Total Past Due Loans \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	2,089
Total Past Due Loans \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,031	2,056
Total Past Due Loans \| Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Total Past Due Loans \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	52	197
Total Past Due Loans \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	28	0
Loans 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	21,973	6,601
Loans 30-59 Days Past Due \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	5,121	985
Loans 30-59 Days Past Due \| PPP loans:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 30-59 Days Past Due \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	13,804	0
Loans 30-59 Days Past Due \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	2,968	1,274
Loans 30-59 Days Past Due \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	2,089
Loans 30-59 Days Past Due \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	2,056
Loans 30-59 Days Past Due \| Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 30-59 Days Past Due \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	52	197
Loans 30-59 Days Past Due \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	28	0
Loans 60-89 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	4,790	7,048
Loans 60-89 Days Past Due \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	3,759	7,048
Loans 60-89 Days Past Due \| PPP loans:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 60-89 Days Past Due \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 60-89 Days Past Due \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 60-89 Days Past Due \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 60-89 Days Past Due \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,031	0
Loans 60-89 Days Past Due \| Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 60-89 Days Past Due \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 60-89 Days Past Due \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| PPP loans:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Loans 90 Days or More Past Due \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	0	0
Current Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	7,699,419	7,889,522
Current Loans \| Commercial
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,172,413	1,463,684
Current Loans \| PPP loans:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	287	528
Current Loans \| Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	3,882,588	4,053,688
Current Loans \| Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,228,957	1,151,129
Current Loans \| Real estate mortgage - residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	50,378	69,361
Current Loans \| Construction - commercial and residential:
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	1,209,732	967,185
Current Loans \| Construction - C&I (owner occupied)
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	103,259	132,021
Current Loans \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	50,775	51,525
Current Loans \| Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment, at amortized cost	$ 1,030	$ 401

Loans and Allowance for Credit Losses - Schedule of Financial Effect of Loans Modified in Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 401,792	$ 237,210
Term Extension
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	53,409	28,468
Combination - Term Extension and Principal Payment Delay
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	337,141	102,486
Combination - Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	7,728	0
Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	3,514	106,256
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 63,553	$ 35,185
Weighted average interest rate accruing (as percent)	0.053	0.024
Commercial \| Term Extension
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 27,249	$ 14,182
Commercial \| Combination - Term Extension and Principal Payment Delay
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	7,728	21,003
Commercial \| Combination - Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	28,576	0
Commercial \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 0	$ 0
Commercial \| Weighted Average Term and Principal Payment Extension
Loans and Leases Receivable Disclosure [Line Items]
Weighted average term extension accruing (in months)	13 months	11 months
Commercial \| Weighted Average Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Weighted average interest rate accruing (as percent)	0.0163	0
Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 316,915	$ 175,803
Weighted average interest rate accruing (as percent)	0.078	0.043
Income producing - commercial real estate \| Term Extension
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 25,290	$ 7,191
Income producing - commercial real estate \| Combination - Term Extension and Principal Payment Delay
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	62,356
Income producing - commercial real estate \| Combination - Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	288,111	0
Income producing - commercial real estate \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 3,514	$ 106,256
Income producing - commercial real estate \| Weighted Average Term and Principal Payment Extension
Loans and Leases Receivable Disclosure [Line Items]
Weighted average term extension accruing (in months)	8 months	16 months
Income producing - commercial real estate \| Weighted Average Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Weighted average interest rate accruing (as percent)	0.0359	0.0256
Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 870	$ 19,127
Weighted average interest rate accruing (as percent)	0.001	0.016
Owner occupied - commercial real estate \| Term Extension
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 870	$ 0
Owner occupied - commercial real estate \| Combination - Term Extension and Principal Payment Delay
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	19,127
Owner occupied - commercial real estate \| Combination - Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Owner occupied - commercial real estate \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 0	$ 0
Owner occupied - commercial real estate \| Weighted Average Term and Principal Payment Extension
Loans and Leases Receivable Disclosure [Line Items]
Weighted average term extension accruing (in months)	12 months	9 months
Owner occupied - commercial real estate \| Weighted Average Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Weighted average interest rate accruing (as percent)	0	0
Construction - commercial and residential
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 20,454	$ 7,095
Weighted average interest rate accruing (as percent)	0.017	0.007
Construction - commercial and residential \| Term Extension
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 0	$ 7,095
Construction - commercial and residential \| Combination - Term Extension and Principal Payment Delay
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Construction - commercial and residential \| Combination - Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	20,454	0
Construction - commercial and residential \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 0	$ 0
Construction - commercial and residential \| Weighted Average Term and Principal Payment Extension
Loans and Leases Receivable Disclosure [Line Items]
Weighted average term extension accruing (in months)	9 months	12 months
Construction - commercial and residential \| Weighted Average Interest Rate Reduction
Loans and Leases Receivable Disclosure [Line Items]
Weighted average interest rate accruing (as percent)	0	0

Loans and Allowance for Credit Losses - Schedule of Loans Modified in Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	$ 401,792	$ 237,210
Current Loans
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	264,678	175,137
30-89 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	5,384	4,395
90 Days or More Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Nonaccrual
Loans and Leases Receivable Disclosure [Line Items]
Restructured Non-Accruing	131,730	57,678
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	63,553	35,185
Commercial \| Current Loans
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	58,169	30,790
Commercial \| 30-89 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	5,384	4,395
Commercial \| 90 Days or More Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Commercial \| Nonaccrual
Loans and Leases Receivable Disclosure [Line Items]
Restructured Non-Accruing	0	0
Income producing - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	316,915	175,803
Income producing - commercial real estate \| Current Loans
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	185,185	137,252
Income producing - commercial real estate \| 30-89 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Income producing - commercial real estate \| 90 Days or More Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Income producing - commercial real estate \| Nonaccrual
Loans and Leases Receivable Disclosure [Line Items]
Restructured Non-Accruing	131,730	38,551
Owner occupied - commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	870	19,127
Owner occupied - commercial real estate \| Current Loans
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	870	0
Owner occupied - commercial real estate \| 30-89 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Owner occupied - commercial real estate \| 90 Days or More Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Owner occupied - commercial real estate \| Nonaccrual
Loans and Leases Receivable Disclosure [Line Items]
Restructured Non-Accruing	0	19,127
Construction - commercial and residential
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	20,454	7,095
Construction - commercial and residential \| Current Loans
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	20,454	7,095
Construction - commercial and residential \| 30-89 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Construction - commercial and residential \| 90 Days or More Past Due
Loans and Leases Receivable Disclosure [Line Items]
Restructured accruing	0	0
Construction - commercial and residential \| Nonaccrual
Loans and Leases Receivable Disclosure [Line Items]
Restructured Non-Accruing	$ 0	$ 0

Loans and Allowance for Credit Losses - Schedule of Amortized Cost Basis of Loan Had a Payment Default (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	$ 5,384	$ 4,395
Combination - Term Extension and Principal Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	131,730	19,127
Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	38,551
Commercial \| Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	5,384	4,395
Commercial \| Combination - Term Extension and Principal Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	0
Commercial \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	0
Income producing - commercial real estate \| Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	0
Income producing - commercial real estate \| Combination - Term Extension and Principal Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	131,730	0
Income producing - commercial real estate \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	38,551
Owner occupied - commercial real estate \| Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	0
Owner occupied - commercial real estate \| Combination - Term Extension and Principal Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	19,127
Owner occupied - commercial real estate \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0	$ 0
Construction - commercial and residential \| Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0
Construction - commercial and residential \| Combination - Term Extension and Principal Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	0
Construction - commercial and residential \| Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized cost basis of loans that had a payment default, total	$ 0

Loans and Allowance for Credit Losses - Schedule of Related Party Transactions (Details) - Directors and Executive Officers - Related Party Loans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at January 1,	$ 836	$ 119,198
Additions	0	283
Repayments	(534)	(44,645)
Removals due to changes in related party status	0	(74,000)
Balance at December 31,	$ 302	$ 836

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Leasehold improvements	$ 28,566	$ 29,042
Furniture, fixtures and equipment	19,625	19,600
Less: accumulated depreciation and amortization	(40,497)	(38,453)
Total premises and equipment, net	$ 7,694	$ 10,189

Premises and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 2.8	$ 3.4	$ 3.2

Leases - Narrative (Details) $ in Thousands	12 Months Ended
Leases - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($) lease	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Right-of-use assets - operating leases	$ 18,494	$ 19,129
Operating lease liabilities	$ 23,815	23,238
Lessee operating lease option to extend percent	90.00%
Leases, number of existing leases extended \| lease	2
Number of leases renewed \| lease	1
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Right-of-use assets - operating leases	$ 18,500	19,100
Operating lease liabilities	$ 23,800	$ 23,200

Leases - Schedule of Lease Costs and Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost (cost resulting from lease payments)	$ 6,124	$ 6,590
Variable lease cost (cost excluded from lease payments)	694	1,000
Sublease income	(40)	(119)
Net lease cost	6,778	7,471
Operating lease - operating cash flows (fixed payments)	6,524	7,198
Right-of-use assets - operating leases	18,494	19,129
Operating lease liabilities	$ 23,815	$ 23,238
Weighted average lease term - operating leases	6 years 9 months 10 days	4 years 11 months 4 days
Weighted average discount rate - operating leases	3.03%	2.78%

Leases - Schedule of Future Minimum Payments For Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
December 31, 2025	$ 5,688
December 31, 2026	3,406
December 31, 2027	3,456
December 31, 2028	3,054
December 31, 2029	2,618
Thereafter	8,547
Total future minimum lease payments	26,769
Amounts representing interest	(2,954)
Present value of net future minimum lease payments	$ 23,815	$ 23,238

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)			12 Months Ended
	Jun. 30, 2024	May 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill, gross intangible assets			$ 104,168,000	$ 104,168,000
Impairment	$ (104,200,000)	$ (104,200,000)	(104,168,000)	0	$ 0
Goodwill, net intangible assets	$ 0		0	104,168,000
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross intangible assets			104,925,000	104,233,000
Additions			0	1,234,000
Accumulated Amortization			(741,000)	(542,000)
Net intangible assets			16,000	104,925,000
Excess Servicing
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived intangible assets, gross			37,000	65,000
Additions			0	0
Accumulated Amortization			(21,000)	(28,000)
Finite-lived intangible assets, net			16,000	37,000
Non-compete Agreements
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived intangible assets, gross			720,000	0
Additions			0	1,234,000
Accumulated Amortization			(720,000)	(514,000)
Finite-lived intangible assets, net			$ 0	$ 720,000

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands			12 Months Ended
	Jun. 30, 2024	May 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets			$ 741	$ 542	$ 89
Goodwill impairment	$ 104,200	$ 104,200	$ 104,168	$ 0	$ 0

Other Real Estate Owned - Narrative (Details) - property	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Real Estate [Abstract]
Number of properties in foreclosure	0	0
OREO, properties sold	2	2

Other Real Estate Owned - Schedule of Activity of Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Other Real Estate [Roll Forward]
Beginning Balance	$ 1,108	$ 1,962
Real estate acquired from borrowers	2,370	0
Properties sold	(735)	(854)
Ending Balance	$ 2,743	$ 1,108

Derivatives and Hedging Activities - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Interest Rate Swap \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Reduction of interest expense	$ 24
Interest rate product
Derivative Instruments, Gain (Loss) [Line Items]
Posted of cash collateral	17,400
Held of cash collateral	$ 30,500

Derivatives and Hedging Activities - Schedule of Balance Sheet Category and Fair Value Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	$ 746,566	$ 1,000,909
Fair Value	31,592	30,665
Other Assets \| Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	746,566	700,909
Fair Value	31,592	30,291
Other Assets \| Interest rate product \| Derivatives designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	0	300,000
Fair Value	0	374
Other Assets \| Interest rate product \| Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	697,086	651,429
Fair Value	31,592	30,288
Other Assets \| Credit risk participation agreements \| Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	49,480	49,480
Fair Value	0	3
Other Liabilities \| Interest rate product \| Derivatives not designated as hedging instruments:
Derivatives, Fair Value [Line Items]
Notional Amount	697,086	654,757
Fair Value	$ 29,110	$ 30,555

Derivatives and Hedging Activities - Schedule of Pretax Net Gains (Losses) of Designated Cash Flow Hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Amount of Gain (Loss) Recognized in OCI	$ 265	$ (182)	$ 284
Cash Flow Hedge \| Interest rate product \| Interest Expense
Amount of Gain (Loss) Recognized in OCI	0	(256)	0
Amount of gain (loss) recognized in accumulated other comprehensive income - including component	0	0	0
Amount of gain (loss) recognized in accumulated other comprehensive income - excluding component	0	(256)	0
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	32	(14)	0
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component	32	0	0
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component	$ 0	$ (14)	$ 0

Derivatives and Hedging Activities - Schedule of Designated Cash flow hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$ 265	$ (182)	$ 284
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	32	(14)	0
Interest Expense \| Cash Flow Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	32	(14)	0
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component	32	0	0
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component	$ 0	$ (14)	$ 0

Derivatives and Hedging Activities - Schedule of Hedging instruments on statements of operations (Details) - Other income / (expense) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	$ 1,940	$ 2,712	$ 3,728
Interest rate products
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	1,940	2,712	3,057
Mortgage banking derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income on Derivatives	$ 0	$ 0	$ 671

Deposits - Schedule of Deposit Composition and Average Interest Rates (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Noninterest-bearing demand	$ 1,544,403	$ 2,279,081
Interest-bearing transaction	1,211,791	997,448
Savings and money market	3,599,221	3,314,043
Time deposits	2,775,663	2,217,467
Total deposits	$ 9,131,078	$ 8,808,039

Deposits - Schedule of Maturity of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
2024	$ 0	$ 1,445,395
2025	2,210,348	576,379
2026	513,984	180,384
2027	8,392	5,482
2028	10,556	9,827
2029	32,383	0
Thereafter	0	0
Total	$ 2,775,663	$ 2,217,467

Deposits - Schedule of Remaining Maturity of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Three months or less	$ 337,671	$ 342,552
More than three months through six months	578,371	544,230
More than six months through twelve months	1,294,306	558,613
Over twelve months	565,315	772,072
Total	$ 2,775,663	$ 2,217,467

Deposits - Schedule of Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Interest-bearing transaction	$ 60,573	$ 46,140	$ 6,721
Savings and money market	139,539	132,374	65,777
Time deposits	120,309	79,030	10,763
Total	$ 320,421	$ 257,544	$ 83,261

Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]
Related party deposits	$ 28.6	$ 33.1
Brokered Deposits, Excluding CDARS and ICS Two-Way Deposits	$ 4,000.0	$ 2,500.0
Brokered Deposits, Excluding CDARS and ICS Two-Way Deposits, Percent of Total Deposits	44.00%	29.00%
Brokered Deposits Attributable to CDARS and ICS Two-Way Deposits	$ 1,400.0

Deposits - Schedule of Time Deposit Accounts in Excess of $250 Thousand (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Time deposits $250,000 or more
Three months or less	$ 189,817	$ 119,880
More than three months through six months	387,849	318,353
More than six months through twelve months	710,021	368,103
Over twelve months	421,530	726,758
Total	$ 1,709,217	$ 1,533,094

Affordable Housing Projects Tax Credit Partnerships - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Low income housing tax credits	$ 5,800	$ 5,600	$ 5,000
Unfunded commitments	20,973
Low income housing investment expense	$ 5,400	$ 4,300	$ 3,700
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration]	Income Tax Expense (Benefit)
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Cash Flows [Extensible Enumeration]	Increase (decrease) in other liabilities
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	Income Tax Expense (Benefit)
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]	Increase (decrease) in other liabilities
Affordable Housing Projects Tax Credit Partnership
Schedule of Equity Method Investments [Line Items]
Low income housing tax credits	$ 41,900
Other Liabilities
Schedule of Equity Method Investments [Line Items]
Unfunded commitments	$ 21,000

Affordable Housing Projects Tax Credit Partnerships - Schedule of Expected Payments for Unfunded Affordable Housing Commitments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Years ending December 31:
2025	$ 15,110
2026	4,576
2027	193
2028	359
2029	306
Thereafter	429
Total unfunded commitments	$ 20,973

Borrowings - Schedules of Short-term Borrowings and Long-term Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jan. 31, 2024	Dec. 31, 2023
Short-term borrowings:
Borrowings - Principal	$ 490,000		$ 1,370,000
Unamortized Deferred Issuance Costs	0		(82)
Net Borrowings Outstanding	490,000		1,369,918
Long-term borrowings:
Net Borrowings Outstanding	76,108		0
Total borrowings
Borrowings - Principal	600,822		1,400,587
Unamortized Deferred Issuance Costs	(1,557)		(82)
Net Borrowings Outstanding	599,265		1,400,505
Available capacity	2,674,916		2,490,213
Borrowings - Principal	4,000,000
Investment securities pledged with collateral par	1,300,000
Asset Pledged as Collateral
Total borrowings
Available capacity	2,700,000
Senior Notes
Long-term borrowings:
Borrowings - Principal	77,665		0
Unamortized Deferred Issuance Costs	(1,557)		0
Net Borrowings Outstanding	$ 76,108		0
Total borrowings
Interest rate (as a percent)	10.00%
Subordinated notes
Short-term borrowings:
Net Borrowings Outstanding	$ 0		69,918
Long-term borrowings:
Borrowings - Principal	0		70,000
Total borrowings
Unamortized Deferred Issuance Costs			(82)
Customer repurchase agreements
Short-term borrowings:
Borrowings - Principal	33,157		30,587
Net Borrowings Outstanding	$ 33,157		$ 30,587
Total borrowings
Interest rate (as a percent)	2.67%		3.42%
FHLB \| Secured Debt
Short-term borrowings:
Borrowings - Principal	$ 490,000		$ 0
Net Borrowings Outstanding	490,000		0
Total borrowings
Available capacity	$ 874,270		1,271,846
Interest rate (as a percent)	4.81%
BTFP \| Secured Debt
Short-term borrowings:
Borrowings - Principal			1,300,000
Net Borrowings Outstanding			1,300,000
Total borrowings
Available capacity			$ 598,870
Interest rate (as a percent)		4.76%	4.53%
Discount window \| Secured Debt
Total borrowings
Available capacity	$ 1,800,646		$ 601,504
Raymond James repurchase agreement \| Secured Debt
Total borrowings
Available capacity			$ 17,993
FHLB Advances matured on January 31, 2025 \| Secured Debt
Short-term borrowings:
Net Borrowings Outstanding	250,000
FHLB Advances matured on April 1, 2025 \| Secured Debt
Short-term borrowings:
Net Borrowings Outstanding	$ 240,000

Borrowings - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended			12 Months Ended
Borrowings - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Nov. 30, 2024	Jan. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2024	Aug. 05, 2014
Long-Term Borrowings
Available capacity	$ 2,674,916			$ 2,674,916	$ 2,490,213
Borrowings - Principal	4,000,000			4,000,000
Long-term line of credit	88,305			88,305	98,614
Repayments of short-term debt				(880,000)	324,999	$ 675,001
Long-term borrowings	$ 76,108			$ 76,108	0
Senior Notes
Long-Term Borrowings
Interest rate (as a percent)	10.00%			10.00%
Long-term borrowings	$ 76,108			$ 76,108	0
Unamortized deferred issuance costs	(1,557)			(1,557)	$ 0
Subordinated notes
Long-Term Borrowings
Interest rate (as a percent)					5.75%			5.75%
Face amount								$ 70,000
C D A R S
Long-Term Borrowings
Borrowings - Principal	1,100,000			1,100,000
Long-term line of credit	73,400			73,400
I N D
Long-Term Borrowings
Borrowings - Principal	894,700			894,700
Federal Reserve Bank of Richmond
Long-Term Borrowings
Borrowings - Principal	1,800,000			1,800,000
Federal Funds
Long-Term Borrowings
Available capacity	145,000			145,000
Federal Home Loan Bank
Long-Term Borrowings
FHLB maximum amount available	1,400,000			1,400,000
FHLB amount outstanding at period end	490,000			$ 490,000
BTFP \| Secured Debt
Long-Term Borrowings
Available capacity					$ 598,870
Securities borrowed			$ 500,000
Short-term debt, refinanced, amount			$ 500,000
Interest rate (as a percent)			4.76%		4.53%
Repayments of short-term debt	$ 500,000	$ 500,000
Senior Notes, Due September 30, 2029 \| Unsecured Debt
Long-Term Borrowings
Interest rate (as a percent)							10.00%
Face amount							$ 77,700

Income Taxes - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current federal income tax expense	$ 9,897	$ 25,291	$ 37,182
Current state income tax expense	4,297	5,072	5,008
Total current tax expense	14,194	30,363	42,190
Deferred federal income tax (benefit) expense	2,823	(2,966)	3,532
Deferred state income tax (benefit) expense	(222)	(411)	3,028
Total deferred tax (benefit) expense	2,601	(3,377)	6,560
Total income tax expense	$ 16,795	$ 26,986	$ 48,750

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Net deferred tax assets	$ 91,472	$ 86,620
Operating loss carryforward	2,200
Valuation allowances	(7,715)	(7,428)
Unrecognized tax benefits	6,550	0	$ 0
Tax benefits	4,100	0	$ 0
Accrued interest	200
Decrease in unrecognized tax benefits is reasonably possible	5,200
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Valuation allowances	$ (7,700)	$ (7,400)

Income Taxes - Schedule of Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets
Allowance for credit losses	$ 27,998	$ 21,281
Deferred loan fees and costs	4,551	6,372
Unrealized loss on securities available-for-sale	34,656	39,671
Unrealized loss on securities held-to-maturity	10,160	11,725
LIHTC and ITC Tax Credits	5,793	0
Leases	5,774	5,713
Supplemental executive retirement and death benefit agreements	2,075	2,066
Stock-based compensation	1,785	2,003
Premises and equipment	217	0
Unrealized loss on interest rate swap derivatives	0	59
Net operating loss	8,104	7,964
Other assets	3,549	2,669
Gross deferred tax assets	104,662	99,523
Valuation allowances	(7,715)	(7,428)
Total deferred tax assets	96,947	92,095
Deferred tax liabilities
Leases	(4,483)	(4,703)
Interest Rate Swaps & Derivatives	(602)	0
Excess servicing	0	(561)
Premises and equipment	0	(211)
Other liabilities	(390)	0
Total deferred tax liabilities	(5,475)	(5,475)
Net deferred income tax assets	$ 91,472	$ 86,620

Income Taxes - Schedule of Reconciliation of Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation [Line Items]
Statutory federal income tax rate	21.00%	21.00%	21.00%
Increase (decrease) due to:
State income taxes	(10.53%)	2.75%	3.28%
Goodwill Impairment	(72.34%)	0.00%	0.00%
Tax credits, net of amortization	11.37%	(1.32%)	(0.80%)
Tax-exempt interest and dividend income	4.39%	(1.75%)	(0.85%)
Bank owned life insurance	0.0200	(0.0058)	(0.0033)
Stock-based compensation expense	(3.07%)	0.22%	(0.08%)
Change in unrecognized tax benefits	(3.63%)	0.00%	0.00%
Return to provision and prior period adjustments	(3.83%)	(0.24%)	1.33%
Non-deductible fines and penalties	0.00%	0.00%	2.54%
Other	(0.90%)	1.08%	(0.39%)
Effective tax rate	(55.54%)	21.16%	25.70%
Proportional Amortization
Increase (decrease) due to:
Low income housing tax credit	$ 5.7	$ 5.4	$ 5.3

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ 0
Gross increases - tax positions related to prior periods	6,254
Gross decreases - tax positions related to prior periods	0
Gross increases - tax positions related to the current period	296
Settlements with tax authorities	0
Lapse of statute of limitations	0
Balance at end of year	$ 6,550

Net Income (Loss) per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic:
Net income (loss)	$ (47,035)	$ 100,534	$ 140,930
Average common shares outstanding (in shares)	30,157	30,346	32,004
Basic net income (loss) per common share (in dollars per share)	$ (1.56)	$ 3.31	$ 4.40
Diluted:
Net income (loss)	$ (47,035)	$ 100,534	$ 140,930
Average common shares outstanding (in shares)	30,157	30,346	32,004
Adjustment for common share equivalents (in shares)	0	47	74
Average common shares outstanding-diluted (in shares)	30,157	30,393	32,078
Diluted net income per (loss) common share (in dollars per share)	$ (1.56)	$ 3.31	$ 4.39
Anti-dilutive shares (in shares)	75	3	3

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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+ Details

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
EagleBank Foundation
Related Party Transaction [Line Items]
Donation paid	$ 180	$ 143	$ 113

Stock-Based Compensation - Narrative (Details)	1 Months Ended			12 Months Ended
Stock-Based Compensation - Narrative (Details)	Feb. 29, 2024 metric shares	Feb. 28, 2023 shares	May 31, 2021 USD ($) mo h shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 shares	May 20, 2021 shares
Statement [Line Items]
Common stock awards, compensation not yet recognized \| $				$ 0
Grants of stock option (in shares)				0	0	0
Options, outstanding, intrinsic value \| $				$ 0	$ 0
Options, vested in period, fair value \| $				18,000	18,000	$ 18,000
Salaries and Employee Benefits
Statement [Line Items]
Allocated share-based compensation expense \| $				$ 9,600,000	$ 10,000,000.0	$ 6,000,000.0
Performance Vested Restricted Stock Unit
Statement [Line Items]
Targeted number of shares (in shares)	150,570,000
Award vesting rights, percentage	100.00%
Award vesting period (in years)	3 years
Number of performance metrics \| metric	2
Restricted Stock and PRSU \| Maximum
Statement [Line Items]
Award vesting period (in years)	3 years
Time Vested Awards
Statement [Line Items]
Targeted number of shares (in shares)				312,368	190,256	166,471
Nonvested awards, number of shares outstanding (in shares)				430,305	313,992	302,148	300,792
Time Vested Awards \| Minimum
Statement [Line Items]
Award vesting period (in years)				1 year
Time Vested Awards \| Maximum
Statement [Line Items]
Award vesting period (in years)				3 years
2021 Plan
Statement [Line Items]
Common stock, capital shares reserved for future issuance (in shares)								1,300,000
2021 Plan \| Restricted Stock and PRSU
Statement [Line Items]
Nonvested awards, number of shares outstanding (in shares)				656,784,000
Common stock awards, compensation not yet recognized \| $				$ 8,800,000
Compensation cost not yet recognized period for recognition (in years)				1 year 10 months 13 days
2021 Performance Award \| Performance Vested Restricted Stock Unit
Statement [Line Items]
Targeted number of shares (in shares)		0
2021 ESPP
Statement [Line Items]
Number of additional shares authorized (in shares)			200,000
ESPP percentage of market value of offering period			85.00%
Award requisite service period (in years)			1 year
Requisite service hours per week, minimum \| h			20
Requisite service months worked in a year \| mo			5
Amount contributed to ESPP for participants (in dollars per pay period) \| $			$ 10
Amount contributed to ESPP for participants, annually \| $			$ 25,000
Maximum employee subscription rate ESPP (percent)			10.00%
Number of shares available for grant (in shares)				133,865

Stock-Based Compensation - Schedule of Time Vested Restricted Stock (Details) - Restricted Stock	1 Months Ended
	Dec. 31, 2024 employee shares	Nov. 30, 2024 employee shares	Oct. 31, 2024 employee shares	Sep. 30, 2024 employee shares	Aug. 31, 2024 employee shares	Feb. 29, 2024 employee shares
Statement [Line Items]
Number of shares (in shares) \| shares	689,000	2,254,000	20,483,000	8,756,000	4,290,000	275,896,000
Number of Officers, Directors and Employees \| employee	1	1	1	2	2	130

- 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.

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+ Details

Stock-Based Compensation - Schedule of Unvested Restricted Stock Awards (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Performance Awards
Shares
Unvested at beginning (in shares)	123,215	129,855	118,568
Granted (in shares)	150,570	71,003	37,775
Forfeited (in shares)	(28,826)	(44,084)	(1,966)
Vested (in shares)	(18,480)	(33,559)	(24,522)
Unvested at end (in shares)	226,479	123,215	129,855
Weighted- Average Grant Date Fair Value
Unvested at beginning (in dollars per share)	$ 44.74	$ 45.15	$ 44.71
Granted (in dollars per share)	18.47	40.50	53.97
Forfeited (in dollars per share)	40.96	40.29	55.76
Vested (in dollars per share)	47.57	44.60	55.76
Unvested at end (in dollars per share)	$ 27.53	$ 44.74	$ 45.15
Time Vested Awards
Shares
Unvested at beginning (in shares)	313,992	302,148	300,792
Granted (in shares)	312,368	190,256	166,471
Forfeited (in shares)	(38,772)	(27,558)	(12,064)
Vested (in shares)	(157,283)	(150,854)	(153,051)
Unvested at end (in shares)	430,305	313,992	302,148
Weighted- Average Grant Date Fair Value
Unvested at beginning (in dollars per share)	$ 49.08	$ 53.75	$ 46.24
Granted (in dollars per share)	23.22	44.16	59.72
Forfeited (in dollars per share)	36.18	51.57	53.10
Vested (in dollars per share)	49.41	51.76	45.54
Unvested at end (in dollars per share)	$ 31.35	$ 49.08	$ 53.75

Stock-Based Compensation - Schedule of Activity of Stock Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares
Beginning balance (in shares)	2,500	2,500	5,789
Granted (in shares)	0	0	0
Exercised (in shares)	0	0	(3,289)
Forfeited (in shares)	0	0	0
Ending balance (in shares)	2,500	2,500	2,500
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 47.95	$ 47.95	$ 36.96
Granted (in dollars per share)	0	0	0
Exercised (in dollars per share)	0	0	28.60
Forfeited (in dollars per share)	0	0	0
Ending balance (in dollars per share)	$ 47.95	$ 47.95	$ 47.95
Stock options exercisable (in shares)	2,500	2,500	1,666
Weighted average exercise price (in dollars per share)	$ 47.95	$ 47.95	$ 47.95

Stock-based Compensation - Schedule of Cash Proceeds, Tax Benefits and Intrinsic Value Related to Total Stock Options Exercised (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Proceeds from exercise of stock options	$ 0	$ 0	$ 97
Tax benefits realized from stock compensation	0	0	3
Intrinsic value of stock options exercised	$ 0	$ 0	$ 98

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Deferred compensation arrangement with individual minimum age (in years)	18 years
Deferred compensation arrangement with individual, requisite service period (in months)	1 month
Defined contribution plan, cost recognized	$ 1.7	$ 1.7	$ 1.8

Supplemental Executive Retirement Plan (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) installment age	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2019 USD ($) insuranceCarrier	Dec. 31, 2013 USD ($) insuranceCarrier
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, net periodic benefit cost	$ 410	$ 584	$ 513
Annuity contract financed payments period (in years)	15 years
Supplemental Executive Retirement and Death Benefit Agreements
Defined Benefit Plan Disclosure [Line Items]
Time period for calculating base salary under SERP agreements (in years)	5 years
Retirement age (in years) \| age	67
Award vesting period (in years)	6 years
Retirement plan monthly instalments \| installment	180
Number of insurance carriers \| insuranceCarrier				2	4
Other investments				$ 2,600	$ 11,400
Supplemental Executive Retirement and Death Benefit Agreements \| Other Assets
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	$ 12,700	$ 13,100

Financial Instruments with Off-Balance Sheet Risk - Schedule of Loan Commitments Outstanding and Lines and Letters of Credit (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial Instruments With Off-balance Sheet Risk
Unfunded loan commitments	$ 1,318,133	$ 1,981,334
Unfunded lines of credit	88,305	98,614
Letters of credit	69,051	87,146
Total	$ 1,475,489	$ 2,167,094

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Financial Instruments with Off-Balance Sheet Risk - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial Instruments With Off-balance Sheet Risk
Reserve for unfunded commitments	$ 3,463	$ 5,590

Regulatory Matters - Schedule of Regulatory Capital Requirements Under Banking Regulations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital (to risk weighted assets) minimum required for capital adequacy purposes	7.00%	7.00%
CET1 capital (to risk weighted assets) to be well capitalized under prompt corrective action regulations	6.50%	6.50%
Total capital (to risk weighted assets) minimum required for capital adequacy purposes	0.1050	0.1050
Total capital (to risk weighted assets) to be well capitalized under prompt corrective action regulations	0.1000	0.1000
Tier 1 capital (to risk weighted assets) minimum required for capital adequacy purposes	0.0850	0.0850
Tier 1 capital (to risk weighted assets) to be well capitalized under prompt corrective action regulations	0.0800	0.0800
Tier 1 capital (to average assets) minimum required for capital adequacy purposes	0.0400	0.0400
Tier 1 capital (to average assets) to be well capitalized under prompt corrective action regulations	0.0500	0.0500
The risk-based ratios reflect the minimum requirement plus the capital conservation buffer	0.0250
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital (to risk weighted assets) actual amount	$ 1,373,857	$ 1,330,001
CET1 capital (to risk weighted assets) actual ratio	14.76%	13.92%
Total capital (to risk weighted assets) actual amount	$ 1,488,635	$ 1,415,381
Total capital (to risk weighted assets) actual ratio	0.1600	0.1481
Tier 1 capital (to risk weighted assets) actual amount	$ 1,373,857	$ 1,330,001
Tier 1 capital (to risk weighted assets) actual ratio	0.1476	0.1392
Tier 1 capital (to average assets) actual amount	$ 1,373,857	$ 1,330,001
Tier 1 capital (to average assets) actual ratio	0.1082	0.1072
Parent Company
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital (to risk weighted assets) actual amount	$ 1,369,643	$ 1,335,967
CET1 capital (to risk weighted assets) actual ratio	14.63%	13.90%
Total capital (to risk weighted assets) actual amount	$ 1,484,420	$ 1,421,347
Total capital (to risk weighted assets) actual ratio	0.1586	0.1479
Tier 1 capital (to risk weighted assets) actual amount	$ 1,369,643	$ 1,335,967
Tier 1 capital (to risk weighted assets) actual ratio	0.1463	0.1390
Tier 1 capital (to average assets) actual amount	$ 1,369,643	$ 1,335,967
Tier 1 capital (to average assets) actual ratio	0.1074	0.1073

Other Comprehensive Income (Loss) - Schedule of Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Before Tax
Net unrealized gain (loss) on securities available-for-sale	$ 20,417	$ 43,293	$ (186,439)
Reclassification adjustment for net loss included in net income	(14)	11	169
Total unrealized gain (loss) on securities available-for-sale	20,403	43,304	(186,270)
Net unrealized gain (loss) on securities transferred to held-to-maturity			(66,193)
Amortization of unrealized loss on securities transferred to held-to-maturity	6,889	7,412	7,093
Total unrealized gain (loss) on securities transferred to held-to-maturity			(59,100)
Net unrealized gain on derivatives	265	(182)	284
Other comprehensive income (loss)	27,557	50,534	(245,086)
Tax Effect
Net unrealized gain (loss) on securities available-for-sale	(5,011)	(10,774)	45,513
Reclassification adjustment for net loss included in net income	2	(3)	(58)
Total unrealized gain (loss) on securities available-for-sale	(5,009)	(10,777)	45,455
Net unrealized gain (loss) on securities transferred to held-to-maturity			17,098
Amortization of unrealized loss on securities transferred to held-to-maturity	(1,599)	(2,607)	(2,732)
Total unrealized gain (loss) on securities transferred to held-to-maturity			14,366
Net unrealized gain on derivatives	(65)	0	0
Other comprehensive income (loss)	(6,673)	(13,384)	59,821
Net of Tax
Net unrealized gain (loss) on securities available-for-sale	15,406	32,519	(140,926)
Reclassification adjustment for net loss included in net income	(12)	8	111
Total unrealized gain (loss) on securities available-for-sale	15,394	32,527	(140,815)
Net unrealized gain (loss) on securities transferred to held-to-maturity			(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	5,290	4,805	4,361
Total unrealized gain (loss) on investment securities held-to-maturity	5,290	4,805	(44,734)
Net unrealized gain on derivatives	200	(182)	284
Other comprehensive income (loss)	$ 20,884	$ 37,150	$ (185,265)

Other Comprehensive Income (Loss) - Schedule of Changes in Each Component of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Abstract]
Balance at beginning of year	$ 1,274,283	$ 1,228,321	$ 1,350,775
Amortization of unrealized loss on securities transferred to held-to-maturity	5,290	4,805	4,361
Net other comprehensive income (loss) during period	20,884	37,150	(185,265)
Balance at end of year	1,226,061	1,274,283	1,228,321
Securities Available For Sale
Debt Securities, Available-for-sale [Abstract]
Balance at beginning of year	(122,246)	(154,773)	(13,958)
Other comprehensive income (loss) before reclassifications	15,406	32,519	(140,926)
Transfer of securities from AFS to HTM			0
Amortization of unrealized loss on securities transferred to held-to-maturity	0	0	0
Amounts reclassified from accumulated other comprehensive loss	(12)	8	111
Net other comprehensive income (loss) during period	15,394	32,527	(140,815)
Balance at end of year	(106,852)	(122,246)	(154,773)
Held-to-Maturity Securities
Debt Securities, Available-for-sale [Abstract]
Balance at beginning of year	(39,929)	(44,734)	0
Other comprehensive income (loss) before reclassifications	5,290	0	0
Transfer of securities from AFS to HTM			(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	0	4,805	4,361
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Net other comprehensive income (loss) during period	5,290	4,805	(44,734)
Balance at end of year	(34,639)	(39,929)	(44,734)
Derivatives
Debt Securities, Available-for-sale [Abstract]
Balance at beginning of year	(182)	0	(284)
Other comprehensive income (loss) before reclassifications	200	(182)	284
Transfer of securities from AFS to HTM			0
Amortization of unrealized loss on securities transferred to held-to-maturity	0	0	0
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Net other comprehensive income (loss) during period	200	(182)	284
Balance at end of year	18	(182)	0
Accumulated Other comprehensive income (loss) (Loss)
Debt Securities, Available-for-sale [Abstract]
Balance at beginning of year	(162,357)	(199,507)	(14,242)
Other comprehensive income (loss) before reclassifications	20,896	32,337	(140,642)
Transfer of securities from AFS to HTM			(49,095)
Amortization of unrealized loss on securities transferred to held-to-maturity	0	4,805	4,361
Amounts reclassified from accumulated other comprehensive loss	(12)	8	111
Net other comprehensive income (loss) during period	20,884	37,150	(185,265)
Balance at end of year	$ (141,473)	$ (162,357)	$ (199,507)

Other Comprehensive Income (Loss) - Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain (loss) on sale of investment securities	$ 14	$ (11)	$ (169)
Income tax benefit (expense)	(16,795)	(26,986)	(48,750)
Net Income (Loss)	(47,035)	100,534	140,930
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain (loss) on sale of investment securities	14	(11)	(169)
Income tax benefit (expense)	(2)	3	58
Net Income (Loss)	$ 12	$ (8)	$ (111)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

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

+ References

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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Fair Value Measurements - Schedule of Recorded Amount of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 1,267,404	$ 1,506,388
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at a fair value	1,298,996	1,537,053
Liabilities measured at a fair value	29,110	30,555
Interest Rate Caps \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	31,592	30,662
Interest rate product	29,110	30,555
U.S. treasury bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	24,776	47,901
U.S. treasury bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	24,776	47,901
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	558,535	671,397
U.S. agency securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	558,535	671,397
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	625,316	727,353
Residential mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	625,316	727,353
Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	48,945	49,564
Commercial mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	48,945	49,564
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	8,014	8,490
Municipal bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	8,014	8,490
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,818	1,683
Corporate bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,818	1,683
Credit risk participation agreements \| Recurring \| Credit risk participation agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	0	3
Quoted Prices (Level 1) \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at a fair value	0	0
Liabilities measured at a fair value	0	0
Quoted Prices (Level 1) \| Interest Rate Caps \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	0	0
Interest rate product	0	0
Quoted Prices (Level 1) \| U.S. treasury bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Quoted Prices (Level 1) \| U.S. agency securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Quoted Prices (Level 1) \| Residential mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Quoted Prices (Level 1) \| Commercial mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Quoted Prices (Level 1) \| Municipal bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Quoted Prices (Level 1) \| Corporate bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Quoted Prices (Level 1) \| Credit risk participation agreements \| Recurring \| Credit risk participation agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	0	0
Significant Other Observable Inputs (Level 2) \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at a fair value	1,298,996	1,537,053
Liabilities measured at a fair value	29,110	30,555
Significant Other Observable Inputs (Level 2) \| Interest Rate Caps \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	31,592	30,662
Interest rate product	29,110	30,555
Significant Other Observable Inputs (Level 2) \| U.S. treasury bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	24,776	47,901
Significant Other Observable Inputs (Level 2) \| U.S. agency securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	558,535	671,397
Significant Other Observable Inputs (Level 2) \| Residential mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	625,316	727,353
Significant Other Observable Inputs (Level 2) \| Commercial mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	48,945	49,564
Significant Other Observable Inputs (Level 2) \| Municipal bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	8,014	8,490
Significant Other Observable Inputs (Level 2) \| Corporate bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,818	1,683
Significant Other Observable Inputs (Level 2) \| Credit risk participation agreements \| Recurring \| Credit risk participation agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	0	3
Significant Other Unobservable Inputs (Level 3) \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at a fair value	0	0
Liabilities measured at a fair value	0	0
Significant Other Unobservable Inputs (Level 3) \| Interest Rate Caps \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	0	0
Interest rate product	0	0
Significant Other Unobservable Inputs (Level 3) \| U.S. treasury bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Significant Other Unobservable Inputs (Level 3) \| U.S. agency securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Significant Other Unobservable Inputs (Level 3) \| Residential mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Significant Other Unobservable Inputs (Level 3) \| Commercial mortgage-backed securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Significant Other Unobservable Inputs (Level 3) \| Municipal bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Significant Other Unobservable Inputs (Level 3) \| Corporate bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0	0
Significant Other Unobservable Inputs (Level 3) \| Credit risk participation agreements \| Recurring \| Credit risk participation agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate product	$ 0	$ 0

Fair Value Measurements - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non Recurring - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 2,743	$ 1,108
Assets measured at a fair value	194,937	66,777
Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0	0
Assets measured at a fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0	0
Assets measured at a fair value	0	0
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	2,743	1,108
Assets measured at a fair value	194,937	66,777
Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	2,551	2,475
Commercial \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Commercial \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Commercial \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	2,551	2,475
Income producing - commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	158,956	41,038
Income producing - commercial real estate \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Income producing - commercial real estate \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Income producing - commercial real estate \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	158,956	41,038
Owner occupied - commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	30,384	19,880
Owner occupied - commercial real estate \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Owner occupied - commercial real estate \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Owner occupied - commercial real estate \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	30,384	19,880
Real estate mortgage - residential:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	1,638
Real estate mortgage - residential: \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Real estate mortgage - residential: \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Real estate mortgage - residential: \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	1,638
Construction - commercial and residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	303
Construction - commercial and residential \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0
Construction - commercial and residential \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0
Construction - commercial and residential \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	303
Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans		396
Consumer \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans		0
Consumer \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans		0
Consumer \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans		396
Home equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	242
Home equity \| Quoted Prices (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Home equity \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	0	0
Home equity \| Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually assessed impaired loans	$ 0	$ 242

Fair Value Measurements - Schedule of Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Federal funds sold	$ 2,581	$ 3,740
Interest bearing deposits with other banks	619,017	709,897
Investment securities available-for-sale	1,267,404	1,506,388
Investment securities held-to-maturity	820,382	901,582
Federal Reserve and Federal Home Loan Bank stock	51,763	25,748
Bank owned life insurance	115,806	112,921
Liabilities
Interest bearing deposits	1,211,791	997,448
Customer repurchase agreements	33,157	30,587
Carrying Value
Assets
Cash and due from banks	11,882	9,047
Federal funds sold	2,581	3,740
Interest bearing deposits with other banks	619,017	709,897
Investment securities available-for-sale	1,267,404	1,506,388
Investment securities held-to-maturity	938,647	1,015,737
Federal Reserve and Federal Home Loan Bank stock	51,763	25,748
Loans	7,934,888	0
Loans		7,968,695
Bank owned life insurance	115,806	112,921
Annuity investment	12,656	13,112
Accrued interest receivable	49,479	53,337
Liabilities
Noninterest bearing deposits	1,544,403	2,279,081
Interest bearing deposits	4,811,012	4,311,491
Time deposits	2,775,663	2,217,467
Customer repurchase agreements	33,157	30,587
Other short-term borrowings	490,000	1,369,918
Long-term borrowings	76,108	0
Accrued interest payable	17,844	57,395
Carrying Value \| Credit risk participation agreements
Assets
Interest rate product		3
Carrying Value \| Interest rate product
Assets
Interest rate product	31,592	30,662
Liabilities
Interest rate product	29,110	30,555
Fair Value
Assets
Cash and due from banks	11,882	9,047
Federal funds sold	2,581	3,740
Interest bearing deposits with other banks	619,017	709,897
Investment securities available-for-sale	1,267,404	1,506,388
Investment securities held-to-maturity	820,382	901,582
Loans	7,707,424	0
Loans		7,720,241
Bank owned life insurance	115,806	112,921
Annuity investment	12,656	13,112
Accrued interest receivable	49,479	53,337
Liabilities
Noninterest bearing deposits	1,544,403	2,279,081
Interest bearing deposits	4,811,012	4,311,491
Time deposits	2,785,891	2,217,795
Customer repurchase agreements	33,157	30,587
Other short-term borrowings	490,000	1,368,621
Long-term borrowings	82,916	0
Accrued interest payable	17,844	57,395
Fair Value \| Credit risk participation agreements
Assets
Interest rate product		3
Fair Value \| Interest rate product
Assets
Interest rate product	31,592	30,662
Liabilities
Interest rate product	29,110	30,555
Fair Value \| Quoted Prices (Level 1)
Assets
Cash and due from banks	11,882	9,047
Accrued interest receivable		53,337
Liabilities
Accrued interest payable		57,395
Fair Value \| Significant Other Observable Inputs (Level 2)
Assets
Federal funds sold	2,581	3,740
Interest bearing deposits with other banks	619,017	709,897
Investment securities available-for-sale	1,267,404	1,506,388
Investment securities held-to-maturity	820,382	901,582
Bank owned life insurance	115,806	112,921
Annuity investment	12,656	13,112
Accrued interest receivable	49,479
Liabilities
Noninterest bearing deposits	1,544,403	2,279,081
Interest bearing deposits	4,811,012	4,311,491
Time deposits	2,785,891	2,217,795
Customer repurchase agreements	33,157	30,587
Other short-term borrowings	490,000	1,368,621
Long-term borrowings	82,916
Accrued interest payable	17,844
Fair Value \| Significant Other Observable Inputs (Level 2) \| Credit risk participation agreements
Assets
Interest rate product		3
Fair Value \| Significant Other Observable Inputs (Level 2) \| Interest rate product
Assets
Interest rate product	31,592	30,662
Liabilities
Interest rate product	29,110	30,555
Fair Value \| Significant Other Unobservable Inputs (Level 3)
Assets
Loans	$ 7,707,424
Loans		$ 7,720,241

Parent Company Financial Information - Schedule of Condensed Balance Sheet for Parent Company Only (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 11,882	$ 9,047
Total investment securities held-to-maturity	938,647	1,015,737
Other assets	181,491	176,334
Total Assets	11,129,508	11,664,538
Liabilities
Other liabilities	145,826	152,883
Total Liabilities	9,903,447	10,390,255
Shareholders’ Equity
Common stock	298	296
Additional paid-in capital	384,932	374,888
Retained earnings	982,304	1,061,456
Accumulated other comprehensive income (loss)	(141,473)	(162,357)
Total Shareholders’ Equity	1,226,061	1,274,283	$ 1,228,321	$ 1,350,775
Total Liabilities and Shareholders’ Equity	11,129,508	11,664,538
HTM Allowance for credit losses	1,306	1,956
Parent Company
Assets
Cash and due from banks	23,561	38,396
Total investment securities held-to-maturity	43,172	43,633
Investment in subsidiary	1,230,907	1,269,022
Other assets	6,570	10,366
Total Assets	1,304,210	1,361,417
Liabilities
Other liabilities	2,041	17,216
Borrowings	76,108	69,918
Total Liabilities	78,149	87,134
Shareholders’ Equity
Common stock	298	296
Additional paid-in capital	384,932	374,888
Retained earnings	982,304	1,061,456
Accumulated other comprehensive income (loss)	(141,473)	(162,357)
Total Shareholders’ Equity	1,226,061	1,274,283
Total Liabilities and Shareholders’ Equity	1,304,210	1,361,417
HTM Allowance for credit losses	$ 1,000	$ 1,449

Parent Company Financial Information - Schedule of Condensed Operation Statement for Parent Company Only (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Income Statements, Captions [Line Items]
Gain on sale of investment securities	$ 14	$ (11)	$ (169)
Interest expense	398,875	334,781	91,746
Legal and professional	9,286	10,787	8,583
Provision for (reversal of) credit losses	66,360	31,536	266
Other expenses	13,479	15,509	14,406
Income (Loss) Before Income Tax Expense	(30,240)	127,520	189,680
Income Tax Expense (Benefit)	16,795	26,986	48,750
Net Income (Loss)	(47,035)	100,534	140,930
Parent Company
Condensed Income Statements, Captions [Line Items]
Other interest and dividends	99,236	126,264	87,781
Gain on sale of investment securities	1,060	0	0
Other income (loss)	66	43	(24)
Total Income	100,362	126,307	87,757
Interest expense	4,797	4,149	4,149
Legal and professional	495	1,695	894
Directors compensation	474	597	643
Provision for (reversal of) credit losses	(449)	1,124	326
Other expenses	1,411	879	14,746
Total Expenses	6,728	8,444	20,758
Income (Loss) Before Income Tax Expense	93,634	117,863	66,999
Income Tax Expense (Benefit)	2,182	(1,220)	(1,183)
Income Before Equity in Undistributed Income (Loss) of Subsidiaries	91,452	119,083	68,182
Equity in Undistributed Income (Loss) of Subsidiaries	(138,487)	(18,549)	72,748
Net Income (Loss)	$ (47,035)	$ 100,534	$ 140,930

Parent Company Financial Information - Schedule of Condensed Cash Flow Statement for Parent Company Only (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Income (Loss)	$ (47,035)	$ 100,534	$ 140,930
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Securities premium amortization, net	5,416	6,189	9,011
Provision for (reversal of) credit losses for investment securities held-to-maturity	66,360	31,536	266
Depreciation and amortization	3,198	3,480	3,319
(Increase) decrease in other assets	(7,703)	(14,976)	(26,162)
Increase (decrease) in other liabilities	(6,201)	58,395	12,581
Net cash provided by operating activities	123,770	195,626	194,902
Cash Flows From Investing Activities:
Purchase of held-to-maturity investment securities	0	0	(290,740)
Proceeds from maturities of held-to-maturity investment securities	70,235	78,251	115,777
Net cash provided by (used in) investing activities	310,737	(97,699)	(927,077)
Cash Flows From Financing Activities:
Proceeds from exercise of stock options	0	0	97
Proceeds from employee stock purchase plan	485	586	748
Common stock repurchased	0	(48,033)	(33,087)
Cash dividends paid	(45,617)	(54,993)	(55,776)
Net cash provided by (used in) financing activities	(523,711)	312,903	(670,193)
Net Increase (Decrease) in Cash and Cash Equivalents	(89,204)	410,830	(1,402,368)
Cash and Cash Equivalents at Beginning of Period	722,684	311,854	1,714,222
Cash and Cash Equivalents at End of Period	633,480	722,684	311,854
Non-Cash Investing Activities
Transfers of investment securities from available-for-sale to held-to-maturity	0	0	922,975
Parent Company
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Income (Loss)	(47,035)	100,534	140,930
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Adjustments to reconcile net income (loss) to net cash used in operating activities: Equity in undistributed income (loss) of subsidiary	138,487	18,549	(72,748)
Net tax benefits from stock based compensation expense	9,561	10,018	9,899
Securities premium amortization, net	1,004	6	(54)
Provision for (reversal of) credit losses for investment securities held-to-maturity	(449)	1,124	326
Depreciation and amortization	82	124	0
(Increase) decrease in other assets	(11,935)	(10,397)	(12,909)
Increase (decrease) in other liabilities	2,917	(1,064)	4,593
Net cash provided by operating activities	92,632	118,894	70,037
Cash Flows From Investing Activities:
Investment in subsidiary	(70,000)	0	0
Purchase of held-to-maturity investment securities	0	0	(3,976)
Proceeds from maturities of held-to-maturity investment securities	0	0	1,500
Net cash provided by (used in) investing activities	(70,000)	0	(2,476)
Cash Flows From Financing Activities:
Net proceeds from long-term borrowings	7,665	0	0
Proceeds from exercise of stock options	0	0	97
Proceeds from employee stock purchase plan	485	586	748
Common stock repurchased	0	(47,631)	(33,087)
Cash dividends paid	(45,617)	(54,993)	(55,776)
Net cash provided by (used in) financing activities	(37,467)	(102,038)	(88,018)
Net Increase (Decrease) in Cash and Cash Equivalents	(14,835)	16,856	(20,457)
Cash and Cash Equivalents at Beginning of Period	38,396	21,540	41,997
Cash and Cash Equivalents at End of Period	23,561	38,396	21,540
Non-Cash Investing Activities
Transfers of investment securities from available-for-sale to held-to-maturity	$ 0	$ 0	$ 42,467

Segment Reporting - Narrative (Details)	12 Months Ended
Segment Reporting - Narrative (Details)	Dec. 31, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	1