Hanmi Financial Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Loans (Tables)

Loans (Tables)

9 Months Ended

Sep. 30, 2026

Loans, Net of Allowance for Credit Losses

Loans, net of allowance for credit losses, consisted of the following as of the dates indicated:


	September 30, 2026			December 31, 2025
	(in thousands)
Real estate loans:
Commercial property
Retail	$	1,150,350		$	1,132,439
Hospitality		883,683			847,989
Office		483,763			503,268
Other (1)		1,526,670			1,532,667
Total commercial property loans		4,044,466			4,016,363
Construction		11,198			13,742
Residential (2)		1,001,824			1,049,872
Total real estate loans		5,057,488			5,079,977
Commercial and industrial loans		1,171,614			1,074,908
Equipment financing agreements		339,599			408,483
Total loans		6,568,701			6,563,368
Allowance for credit losses		(70,810	)		(69,903	)
Total loans, net of allowance for credit losses	$	6,497,891		$	6,493,465

(1)

Includes, among other property types, mixed-use, gas station, multifamily, industrial, medical, and faith-based facilities; the remaining real estate categories represent less than 1% of the Bank's total loans.

(2)

Includes $0.7 million and $1.0 million of home equity loans and lines and $5.0 million and $3.8 million of personal loans at September 30, 2026 and December 31, 2025, respectively.

Activity in Loans Held for Sale

Activity in loans held for sale is presented below for the following periods:


	Real Estate			Commercial and Industrial			Total
	(in thousands)
Three months ended September 30, 2026
Balance at beginning of period	$	13,290		$	3,679		$	16,969
Originations and transfers		47,355			14,381			61,736
Sales		(35,056	)		(12,343	)		(47,399	)
Principal paydowns and amortization		(30	)		(1	)		(31	)
Valuation allowance		(33	)		—			(33	)
Balance at end of period	$	25,526		$	5,716		$	31,242

Three months ended September 30, 2025
Balance at beginning of period	$	45,412		$	4,199		$	49,611
Originations and transfers		13,796			17,624			31,420
Sales		(59,208	)		(15,305	)		(74,513	)
Principal paydowns and amortization		—			(6	)		(6	)
Balance at end of period	$	—		$	6,512		$	6,512


	Real Estate			Commercial and Industrial			Total
	(in thousands)
Nine months ended September 30, 2026
Balance at beginning of period	$	4,985		$	2,418		$	7,403
Originations and transfers		152,097			39,392			191,489
Sales		(130,724	)		(35,675	)		(166,399	)
Principal payoffs and amortization		(799	)		(419	)		(1,218	)
Valuation allowance		(33	)		—			(33	)
Balance at end of period	$	25,526		$	5,716		$	31,242

Nine months ended September 30, 2025
Balance at beginning of period	$	3,994		$	4,585		$	8,579
Originations and transfers		88,411			51,619			140,030
Sales		(92,403	)		(49,663	)		(142,066	)
Principal payoffs and amortization		(2	)		(29	)		(31	)
Balance at end of period	$	—		$	6,512		$	6,512

Loans Purchased by Portfolio Segment

The following table presents loans purchased by portfolio segment for the following periods:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2026		2025		2026		2025
	(in thousands)
Commercial real estate	$	—	$	—	$	—	$	15,114
Commercial and industrial		—		—		268		9,203
Residential real estate		4,747		2,992		17,048		23,307
Total	$	4,747	$	2,992	$	17,316	$	47,624

Allowance for Credit Losses by Portfolio Segment

The following table details the information on the allowance for credit losses by portfolio segment for the following periods:


	Real Estate			Commercial and Industrial			Equipment Financing Agreements			Total
	(in thousands)
Three months ended September 30, 2026
Balance at beginning of period	$	49,127		$	8,680		$	12,668		$	70,475
Charge-offs		(3,412	)		(181	)		(1,431	)		(5,024	)
Recoveries		27			30			623			680
Credit loss expense (recovery)		5,906			(412	)		(815	)		4,679
Ending balance	$	51,648		$	8,117		$	11,045		$	70,810

Three months ended September 30, 2025
Balance at beginning of period	$	48,021		$	6,935		$	11,800		$	66,756
Charge-offs		(119	)		(124	)		(2,382	)		(2,625	)
Recoveries		52			2,229			826			3,107
Credit loss expense (recovery)		3,519			(1,738	)		762			2,543
Ending balance	$	51,473		$	7,302		$	11,006		$	69,781


	Real Estate			Commercial and Industrial			Equipment Financing Agreements			Total
	(in thousands)
Nine months ended September 30, 2026
Balance at beginning of period	$	51,670		$	7,792		$	10,441		$	69,903
Charge-offs		(3,571	)		(584	)		(5,933	)		(10,088	)
Recoveries		111			106			1,665			1,882
Credit loss expense		3,438			803			4,872			9,113
Ending balance	$	51,648		$	8,117		$	11,045		$	70,810

Nine months ended September 30, 2025
Balance at beginning of period	$	45,099		$	10,006		$	15,042		$	70,147
Charge-offs		(8,904	)		(1,157	)		(8,131	)		(18,192	)
Recoveries		670			2,463			2,230			5,363
Credit loss expense (recovery)		14,608			(4,010	)		1,865			12,463
Ending balance	$	51,473		$	7,302		$	11,006		$	69,781

The table below presents the allowance for credit losses by portfolio segment as a percentage of the total allowance for credit losses and loans by portfolio segment as a percentage of the total investment in loans as of:


	September 30, 2026										December 31, 2025
	Allowance					Loans					Allowance					Loans
	Amount		%			Amount		%			Amount		%			Amount		%
	(dollars in thousands)
Real estate loans:
Commercial property
Retail	$	8,424		11.9	%	$	1,150,350		17.5	%	$	9,999		14.3	%	$	1,132,439		17.3	%
Hospitality		7,086		10.0			883,683		13.5			8,737		12.5			847,989		12.9
Office		4,560		6.5			483,763		7.4			5,700		8.2			503,268		7.7
Other		19,834		28.1			1,526,670		23.2			14,078		20.1			1,532,667		23.4
Total commercial property loans		39,904		56.5			4,044,466		61.6			38,514		55.1			4,016,363		61.3
Construction		132		0.1			11,198		0.2			208		0.3			13,742		0.2
Residential		11,612		16.3			1,001,824		15.2			12,948		18.5			1,049,872		16.0
Total real estate loans		51,648		72.9			5,057,488		77.0			51,670		73.9			5,079,977		77.5
Commercial and industrial loans		8,117		11.5			1,171,614		17.8			7,792		11.1			1,074,908		16.4
Equipment financing agreements		11,045		15.6			339,599		5.2			10,441		15.0			408,483		6.1
Total	$	70,810		100.0	%	$	6,568,701		100.0	%	$	69,903		100.0	%	$	6,563,368		100.0	%

Summary of Amortized Cost Basis of Collateral Dependent Loans By Class of Loans

The following table represents the amortized cost basis of collateral-dependent loans by class, for which repayment is expected to be obtained through the sale or operation of the underlying collateral, as of:


	September 30, 2026		December 31, 2025
	(in thousands)
Real estate loans:
Commercial property
Retail	$	421	$	596
Hospitality		—		—
Office		337		10,159
Other		52,441		671
Total commercial property loans		53,199		11,426
Residential		2,967		1,113
Total real estate loans		56,166		12,539
Commercial and industrial loans		76		—
Total	$	56,242	$	12,539

Credit Quality of Loan Portfolio

Loans by Vintage Year and Risk Rating


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2026		2025			2024		2023		2022		Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
September 30, 2026
Real estate loans:
Commercial property
Risk Rating
Pass / Pass-Watch	$	1,052,565	$	773,493		$	346,220	$	333,810	$	726,724	$	643,852		$	47,523		$	3,924,187
Special Mention		808		54,237			—		519		—		426			—			55,990
Classified		3,102		571			—		—		56,965		3,651			—			64,289
Total commercial property		1,056,475		828,301			346,220		334,329		783,689		647,929			47,523			4,044,466
YTD gross charge-offs		—		—			—		3,196		41		91			—			3,328
YTD net charge-offs (recoveries)		—		(7	)		—		3,196		41		(11	)		—			3,219

Construction
Risk Rating
Pass / Pass-Watch		—		7,199			3,999		—		—		—			—			11,198
Special Mention		—		—			—		—		—		—			—			—
Classified		—		—			—		—		—		—			—			—
Total construction		—		7,199			3,999		—		—		—			—			11,198
YTD gross charge-offs		—		—			—		—		—		—			—			—
YTD net charge-offs (recoveries)		—		—			—		—		—		—			—			—

Residential
Risk Rating
Pass / Pass-Watch		140,517		181,611			57,661		110,774		301,146		200,168			5,166			997,043
Special Mention		—		—			—		—		—		—			—			—
Classified		—		—			1,167		321		2,882		411			—			4,781
Total residential		140,517		181,611			58,828		111,095		304,028		200,579			5,166			1,001,824
YTD gross charge-offs		—		—			—		—		243		—			—			243
YTD net charge-offs (recoveries)		—		—			—		—		243		(2	)		—			241

Total real estate loans
Risk Rating
Pass / Pass-Watch		1,193,082		962,303			407,880		444,584		1,027,870		844,020			52,689			4,932,428
Special Mention		808		54,237			—		519		—		426			—			55,990
Classified		3,102		571			1,167		321		59,847		4,062			—			69,070
Total real estate loans		1,196,992		1,017,111			409,047		445,424		1,087,717		848,508			52,689			5,057,488
YTD gross charge-offs		—		—			—		3,196		284		91			—			3,571
YTD net charge-offs (recoveries)		—		(7	)		—		3,196		284		(13	)		—			3,460

Commercial and industrial loans:
Risk Rating
Pass / Pass-Watch		405,714		199,835			127,254		32,953		27,932		20,861			351,246			1,165,795
Special Mention		231		—			—		—		—		—			—			231
Classified		5,136		125			—		—		115		212			—			5,588
Total commercial and industrial loans		411,081		199,960			127,254		32,953		28,047		21,073			351,246			1,171,614
YTD gross charge-offs		—		56			181		115		154		78			—			584
YTD net charge-offs (recoveries)		—		56			181		114		117		12			(2	)		478

Equipment financing agreements:
Risk Rating
Pass / Pass-Watch		84,971		104,642			58,966		51,795		30,690		4,997			—			336,061
Special Mention		—		—			—		—		—		—			—			—
Classified		—		798			636		597		1,243		264			—			3,538
Total equipment financing agreements		84,971		105,440			59,602		52,392		31,933		5,261			—			339,599
YTD gross charge-offs		—		1,660			1,042		1,264		1,480		487			—			5,933
YTD net charge-offs (recoveries)		—		1,658			982		1,019		966		(357	)		—			4,268

Total loans:
Risk Rating
Pass / Pass-Watch		1,683,767		1,266,780			594,100		529,332		1,086,492		869,878			403,935			6,434,284
Special Mention		1,039		54,237			—		519		—		426			—			56,221
Classified		8,238		1,494			1,803		918		61,205		4,538			—			78,196
Total loans	$	1,693,044	$	1,322,511		$	595,903	$	530,769	$	1,147,697	$	874,842		$	403,935		$	6,568,701
YTD gross charge-offs		—		1,716			1,223		4,575		1,918		656			—			10,088
YTD net charge-offs (recoveries)		—		1,707			1,163		4,329		1,367		(358	)		(2	)		8,206

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2025			2024		2023		2022		2021		Prior			Revolving Loans Amortized Cost Basis			Total

December 31, 2025
Real estate loans:
Commercial property
Risk Rating
Pass / Pass-Watch	$	1,181,833		$	402,354	$	472,027	$	808,320	$	735,411	$	285,598		$	54,824		$	3,940,367
Special Mention		55,029			—		—		148		1,371		298			—			56,846
Classified		3,846			—		—		11,235		—		4,069			—			19,150
Total commercial property		1,240,708			402,354		472,027		819,703		736,782		289,965			54,824			4,016,363
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(24	)		—			8,515

Construction
Risk Rating
Pass / Pass-Watch		9,745			3,997		—		—		—		—			—			13,742
Special Mention		—			—		—		—		—		—			—			—
Classified		—			—		—		—		—		—			—			—
Total construction		9,745			3,997		—		—		—		—			—			13,742
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		—			—			—

Residential
Risk Rating
Pass / Pass-Watch		258,847			84,457		142,926		326,126		132,510		97,076			4,154			1,046,096
Special Mention		—			—		—		2,417		—		—			250			2,667
Classified		—			—		—		1,113		—		(4	)		—			1,109
Total residential		258,847			84,457		142,926		329,656		132,510		97,072			4,404			1,049,872
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		(4	)		—			(4	)

Total real estate loans
Risk Rating
Pass / Pass-Watch		1,450,425			490,808		614,953		1,134,446		867,921		382,674			58,978			5,000,205
Special Mention		55,029			—		—		2,565		1,371		298			250			59,513
Classified		3,846			—		—		12,348		—		4,065			—			20,259
Total real estate loans		1,509,300			490,808		614,953		1,149,359		869,292		387,037			59,228			5,079,977
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(28	)		—			8,511

Commercial and industrial loans:
Risk Rating
Pass / Pass-Watch		426,520			168,307		40,485		44,797		19,772		16,931			345,975			1,062,787
Special Mention		—			—		—		11,600		—		—			—			11,600
Classified		—			—		—		148		—		21			352			521
Total commercial and industrial loans		426,520			168,307		40,485		56,545		19,772		16,952			346,327			1,074,908
YTD gross charge-offs		19			373		59		853		82		322			—			1,708
YTD net charge-offs (recoveries)		19			366		54		750		82		46			(2,723	)		(1,406	)

Equipment financing agreements:
Risk Rating
Pass / Pass-Watch		144,142			87,819		85,652		65,042		19,188		1,529			—			403,372
Special Mention		—			—		—		—		—		—			—			—
Classified		506			726		1,202		1,962		583		132			—			5,111
Total equipment financing agreements		144,648			88,545		86,854		67,004		19,771		1,661			—			408,483
YTD gross charge-offs		—			875		2,728		4,658		1,706		159			—			10,126
YTD net charge-offs (recoveries)		—			831		2,297		3,579		831		(234	)		(2	)		7,302

Total loans:
Risk Rating
Pass / Pass-Watch		2,021,087			746,934		741,090		1,244,285		906,881		401,134			404,953			6,466,364
Special Mention		55,029			—		—		14,165		1,371		298			250			71,113
Classified		4,352			726		1,202		14,458		583		4,218			352			25,891
Total loans	$	2,080,468		$	747,660	$	742,292	$	1,272,908	$	908,835	$	405,650		$	405,555		$	6,563,368
YTD gross charge-offs		19			1,248		2,787		14,331		1,788		873			—			21,046
YTD net charge-offs (recoveries)		11			1,197		2,351		12,876		913		(216	)		(2,725	)		14,407

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.

Loans by Vintage Year and Payment Performance


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2026		2025			2024		2023		2022		Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
September 30, 2026
Real estate loans:
Commercial property
Payment performance
Performing	$	1,056,475	$	827,730		$	346,220	$	334,329	$	783,256	$	646,655		$	47,523		$	4,042,188
Nonperforming		—		571			—		—		433		1,274						2,278
Total commercial property		1,056,475		828,301			346,220		334,329		783,689		647,929			47,523			4,044,466
YTD gross charge-offs		—		—			—		3,196		41		91			—			3,328
YTD net charge-offs (recoveries)		—		(7	)		—		3,196		41		(11	)		—			3,219

Construction
Payment performance
Performing		—		7,199			3,999		—		—		—			—			11,198
Nonperforming		—		—			—		—		—		—			—			—
Total construction		—		7,199			3,999		—		—		—			—			11,198
YTD gross charge-offs		—		—			—		—		—		—			—			—
YTD net charge-offs (recoveries)		—		—			—		—		—		—			—			—

Residential
Payment performance
Performing		140,517		181,611			57,661		110,774		302,549		200,583			5,166			998,861
Nonperforming		—		—			1,167		321		1,479		(4	)		—			2,963
Total residential		140,517		181,611			58,828		111,095		304,028		200,579			5,166			1,001,824
YTD gross charge-offs		—		—			—		—		243		—			—			243
YTD net charge-offs (recoveries)		—		—			—		—		243		(2	)		—			241

Total real estate loans
Payment performance
Performing		1,196,992		1,016,540			407,880		445,103		1,085,805		847,238			52,689			5,052,247
Nonperforming		—		571			1,167		321		1,912		1,270			—			5,241
Total real estate loans		1,196,992		1,017,111			409,047		445,424		1,087,717		848,508			52,689			5,057,488
YTD gross charge-offs		—		—			—		3,196		284		91			—			3,571
YTD net charge-offs (recoveries)		—		(7	)		—		3,196		284		(13	)		—			3,460

Commercial and industrial loans:
Payment performance
Performing		411,081		199,960			127,254		32,953		28,047		20,909			351,246			1,171,450
Nonperforming		—		—			—		—		—		164			—			164
Total commercial and industrial loans		411,081		199,960			127,254		32,953		28,047		21,073			351,246			1,171,614
YTD gross charge-offs		—		56			181		115		154		78			—			584
YTD net charge-offs (recoveries)		—		56			181		114		117		12			(2	)		478

Equipment financing agreements:
Payment performance
Performing		84,971		104,643			58,966		51,795		30,690		4,997			—			336,062
Nonperforming		—		797			636		597		1,243		264			—			3,537
Total equipment financing agreements		84,971		105,440			59,602		52,392		31,933		5,261			—			339,599
YTD gross charge-offs		—		1,660			1,042		1,264		1,480		487			—			5,933
YTD net charge-offs (recoveries)		—		1,658			982		1,019		966		(357	)		—			4,268

Total loans:
Payment performance
Performing		1,693,044		1,321,143			594,100		529,851		1,144,542		873,144			403,935			6,559,759
Nonperforming(2)		—		1,368			1,803		918		3,155		1,698			—			8,942
Total loans	$	1,693,044	$	1,322,511		$	595,903	$	530,769	$	1,147,697	$	874,842		$	403,935		$	6,568,701
YTD gross charge-offs		—		1,716			1,223		4,575		1,918		656			—			10,088
YTD net charge-offs (recoveries)		—		1,707			1,163		4,329		1,367		(358	)		(2	)		8,206

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.

(2)

Excludes an $18.0 million nonperforming commercial real estate loan held for sale as of September 30, 2026.


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2025			2024		2023		2022		2021		Prior			Revolving Loans Amortized Cost Basis			Total

December 31, 2025
Real estate loans:
Commercial property
Payment performance
Performing	$	1,240,037		$	402,354	$	472,027	$	809,391	$	736,782	$	289,102		$	54,824		$	4,004,517
Nonperforming		671			—		—		10,312		—		863			—			11,846
Total commercial property		1,240,708			402,354		472,027		819,703		736,782		289,965			54,824			4,016,363
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(24	)		—			8,515

Construction
Payment performance
Performing		9,745			3,997		—		—		—		—			—			13,742
Nonperforming		—			—		—		—		—		—			—			—
Total construction		9,745			3,997		—		—		—		—			—			13,742
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		—			—			—

Residential
Payment performance
Performing		258,847			84,457		142,926		328,543		132,510		97,076			4,404			1,048,763
Nonperforming		—			—		—		1,113		—		(4	)		—			1,109
Total residential		258,847			84,457		142,926		329,656		132,510		97,072			4,404			1,049,872
YTD gross charge-offs		—			—		—		—		—		—			—			—
YTD net charge-offs (recoveries)		—			—		—		—		—		(4	)		—			(4	)

Total real estate loans
Payment performance
Performing		1,508,629			490,808		614,953		1,137,934		869,292		386,178			59,228			5,067,022
Nonperforming		671			—		—		11,425		—		859			—			12,955
Total real estate loans		1,509,300			490,808		614,953		1,149,359		869,292		387,037			59,228			5,079,977
YTD gross charge-offs		—			—		—		8,820		—		392			—			9,212
YTD net charge-offs (recoveries)		(8	)		—		—		8,547		—		(28	)		—			8,511

Commercial and industrial loans:
Payment performance
Performing		426,520			168,307		40,485		56,499		19,772		16,952			346,327			1,074,862
Nonperforming		—			—		—		46		—		—			—			46
Total commercial and industrial loans		426,520			168,307		40,485		56,545		19,772		16,952			346,327			1,074,908
YTD gross charge-offs		19			373		59		853		82		322			—			1,708
YTD net charge-offs (recoveries)		19			366		54		750		82		46			(2,723	)		(1,406	)

Equipment financing agreements:
Payment performance
Performing		144,142			87,819		85,652		65,042		19,188		1,529			—			403,372
Nonperforming		506			726		1,202		1,962		583		132			—			5,111
Total equipment financing agreements		144,648			88,545		86,854		67,004		19,771		1,661			—			408,483
YTD gross charge-offs		—			875		2,728		4,658		1,706		159			—			10,126
YTD net charge-offs (recoveries)		—			831		2,297		3,579		831		(234	)		(2	)		7,302

Total loans:
Payment performance
Performing		2,079,291			746,934		741,090		1,259,475		908,252		404,659			405,555			6,545,256
Nonperforming		1,177			726		1,202		13,433		583		991			—			18,112
Total loans	$	2,080,468		$	747,660	$	742,292	$	1,272,908	$	908,835	$	405,650		$	405,555		$	6,563,368
YTD gross charge-offs		19			1,248		2,787		14,331		1,788		873			—			21,046
YTD net charge-offs (recoveries)		11			1,197		2,351		12,876		913		(216	)		(2,725	)		14,407

(1)

Origination year includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision.

Analysis of Past Due Loans, Including Loans on Nonaccrual Status, Disaggregated by Loan Class

The following is an aging analysis of loans, including loans on nonaccrual status, disaggregated by loan class, as of:


	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total
	(in thousands)
September 30, 2026
Real estate loans:
Commercial property
Retail	$	2,644	$	708	$	421	$	3,773	$	1,146,577	$	1,150,350
Hospitality		272		—		—		272		883,411		883,683
Office		—		—		337		337		483,426		483,763
Other		—		264		1,084		1,348		1,525,322		1,526,670
Total commercial property loans		2,916		972		1,842		5,730		4,038,736		4,044,466
Construction		—		—		—		—		11,198		11,198
Residential		3,906		1,513		2,963		8,382		993,442		1,001,824
Total real estate loans		6,822		2,485		4,805		14,112		5,043,376		5,057,488
Commercial and industrial loans		137		88		76		301		1,171,313		1,171,614
Equipment financing agreements		3,604		1,042		1,289		5,935		333,664		339,599
Total loans	$	10,563	$	3,615	$	6,170	$	20,348	$	6,548,353	$	6,568,701

December 31, 2025
Real estate loans:
Commercial property
Retail	$	2,002	$	590	$	154	$	2,746	$	1,129,693	$	1,132,439
Hospitality		3,135		—		—		3,135		844,854		847,989
Office		—		—		10,159		10,159		493,109		503,268
Other		325		657		—		982		1,531,685		1,532,667
Total commercial property loans		5,462		1,247		10,313		17,022		3,999,341		4,016,363
Construction		—		—		—		—		13,742		13,742
Residential		4,311		1,259		1,109		6,679		1,043,193		1,049,872
Total real estate loans		9,773		2,506		11,422		23,701		5,056,276		5,079,977
Commercial and industrial loans		788		—		—		788		1,074,120		1,074,908
Equipment financing agreements		4,604		1,788		2,956		9,348		399,135		408,483
Total loans	$	15,165	$	4,294	$	14,378	$	33,837	$	6,529,531	$	6,563,368

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due 90 Days and Still Accruing

The following tables represent the amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of:


	September 30, 2026
	Nonaccrual Loans With No Allowance for Credit Losses			Nonaccrual Loans With Allowance for Credit Losses		Loans Past Due 90 Days Still Accruing		Total Nonperforming Loans(1)
	(in thousands)
Real estate loans:
Commercial property
Retail	$	421		$	447	$	—	$	868
Hospitality		—			42		—		42
Office		337			—		—		337
Other		1,031			—		—		1,031
Total commercial property loans		1,789			489		—		2,278
Construction		—			—		—		—
Residential		2,963			—		—		2,963
Total real estate loans		4,752			489		—		5,241
Commercial and industrial loans		—			164		—		164
Equipment financing agreements		203			3,334		—		3,537
Total	$	4,955		$	3,987	$	—	$	8,942

	December 31, 2025
	Nonaccrual Loans With No Allowance for Credit Losses			Nonaccrual Loans With Allowance for Credit Losses		Loans Past Due 90 Days Still Accruing		Total Nonperforming Loans
	(in thousands)
Real estate loans:
Commercial property
Retail	$	589		$	376	$	—	$	965
Hospitality		(39	)		83		—		44
Office		10,159			—		—		10,159
Other		671			7		—		678
Total commercial property loans		11,380			466		—		11,846
Construction		—			—		—		—
Residential		1,109			—		—		1,109
Total real estate loans		12,489			466		—		12,955
Commercial and industrial loans		—			46		—		46
Equipment financing agreements		(6	)		5,117		—		5,111
Total	$	12,483		$	5,629	$	—	$	18,112

(1) Excludes an $18.0 million nonperforming commercial real estate loan held for sale as of September 30, 2026.

Non-Performing Assets

The following table details nonperforming assets as of the dates indicated:


	September 30, 2026		December 31, 2025
	(in thousands)
Nonaccrual loans	$	8,942	$	18,112
Loans 90 days or more past due and still accruing		—		—
Total nonperforming loans(1)		8,942		18,112
Other real estate owned (“OREO”)		1,084		1,980
Total nonperforming assets(2)	$	10,026	$	20,092

(1) Excludes an $18.0 million nonperforming loan held for sale as of September 30, 2026.
(2) Excludes repossessed personal property of $0.3 million and $0.6 million as of September 30, 2026 and December 31, 2025, respectively.

Schedule of Loan Modifications

The following table presents the amortized cost of loans that were modified to borrowers experiencing financial difficulty during the period indicated:


	Interest Only/Principal Deferment
	Amortized Cost Basis		% of Total Class of Loans			Financial Effect
	(in thousands)
Nine months ended September 30, 2026
Commercial and industrial loans	$	4,998		0.4	%	One loan with 12-month interest only modification