Hanmi Financial Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Loans (Tables)

Loans (Tables)

12 Months Ended

Dec. 31, 2025

Loans, Net of Allowance for Credit Losses

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


	December 31,
	2025			2024
	(in thousands)
Real estate loans:
Commercial property
Retail	$	1,132,439		$	1,068,978
Hospitality		847,989			848,134
Office		503,268			568,861
Other (1)		1,532,667			1,385,051
Total commercial property loans		4,016,363			3,871,024
Construction		13,742			78,598
Residential (2)		1,049,872			951,302
Total real estate loans		5,079,977			4,900,924
Commercial and industrial loans		1,074,908			863,431
Equipment financing agreements		408,483			487,022
Total loans		6,563,368			6,251,377
Allowance for credit losses		(69,903	)		(70,147	)
Total loans, net of allowance for credit losses	$	6,493,465		$	6,181,230

(1)

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

(2)

Includes $1.0 million and $1.3 million of home equity loans and lines, and $3.8 million and $4.1 million of personal loans at December 31, 2025 and 2024, respectively.

Information on SBA Loans Held for Sale

The following table details the information on loans held for sale by portfolio segment for the years ended December 31, 2025 and 2024:


	Real Estate & Construction			Commercial and Industrial			Total
	(in thousands)
December 31, 2025
Balance at beginning of period	$	3,994		$	4,585		$	8,579
Originations and transfers		103,357			67,440			170,797
Sales		(102,365	)		(69,555	)		(171,920	)
Principal paydowns and amortization		(1	)		(52	)		(53	)
Balance at end of period	$	4,985		$	2,418		$	7,403

December 31, 2024
Balance at beginning of period	$	8,792		$	3,221		$	12,013
Originations and transfers		97,085			38,721			135,806
Sales		(101,830	)		(37,342	)		(139,172	)
Principal paydowns and amortization		(53	)		(15	)		(68	)
Balance at end of period	$	3,994		$	4,585		$	8,579

Loans Purchased by Portfolio Segment

The following table presents loans purchased by portfolio segment for the years ended December 31, 2025 and 2024:


	Commercial Real Estate		Commercial and Industrial		Residential Real Estate		Total
	(in thousands)
2025	$	15,113	$	9,203	$	26,662	$	50,978
2024	$	13,931	$	45,306	$	15,922	$	75,159

Allowance for Credit Losses by Portfolio Segment

The following table details the information on the allowance for credit losses by portfolio segment for the years ended December 31, 2025, 2024 and 2023:


	Real Estate			Commercial and Industrial			Equipment Financing Agreements			Total
	(in thousands)
December 31, 2025
Allowance for credit losses:
Beginning balance	$	45,099		$	10,006		$	15,042		$	70,147
Charge-offs		(9,212	)		(1,708	)		(10,126	)		(21,046	)
Recoveries		701			3,114			2,824			6,639
Provision (recovery) for credit losses		15,082			(3,620	)		2,701			14,163
Ending balance	$	51,670		$	7,792		$	10,441		$	69,903
December 31, 2024
Allowance for credit losses:
Beginning balance	$	45,499		$	10,257		$	13,706		$	69,462
Charge-offs		(1,543	)		(576	)		(9,499	)		(11,618	)
Recoveries		2,223			3,482			1,780			7,485
Provision (recovery) for credit losses		(1,080	)		(3,157	)		9,055			4,818
Ending balance	$	45,099		$	10,006		$	15,042		$	70,147
December 31, 2023
Allowance for credit losses:
Beginning balance	$	44,026		$	15,267		$	12,230		$	71,523
Charge-offs		(627	)		(6,657	)		(8,806	)		(16,090	)
Recoveries		312			7,089			1,646			9,047
Provision (recovery) for credit losses		1,788			(5,442	)		8,636			4,982
Ending balance	$	45,499		$	10,257		$	13,706		$	69,462

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 aggregate investment of total loans for the years ended December 31, 2025 and 2024:


	December 31, 2025										December 31, 2024
	Allowance Amount		% of Total Allowance			Total Loans		% of Total Loans			Allowance Amount		% of Total Allowance			Total Loans		% of Total Loans
	(dollars in thousands)
Real estate loans:
Commercial property
Retail	$	9,999		14.3	%	$	1,132,439		17.3	%	$	10,171		14.5	%	$	1,068,978		17.1	%
Hospitality		8,737		12.5			847,989		12.9			15,302		21.8			848,134		13.6
Office		5,700		8.2			503,268		7.7			3,935		5.6			568,861		9.1
Other		14,078		20.1			1,532,667		23.4			8,243		11.8			1,385,051		22.2
Total commercial property loans		38,514		55.1			4,016,363		61.3			37,651		53.7			3,871,024		62.0
Construction		208		0.3			13,742		0.2			1,664		2.4			78,598		1.3
Residential		12,948		18.5			1,049,872		16.0			5,784		8.2			951,302		15.2
Total real estate loans		51,670		73.9			5,079,977		77.5			45,099		64.3			4,900,924		78.5
Commercial and industrial loans		7,792		11.1			1,074,908		16.4			10,006		14.3			863,431		13.8
Equipment financing agreements		10,441		15.0			408,483		6.1			15,042		21.4			487,022		7.7
Total	$	69,903		100.0	%	$	6,563,368		100.0	%	$	70,147		100.0	%	$	6,251,377		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 of loans as of December 31, 2025 and 2024, for which repayment is expected to be obtained through the sale of the underlying collateral and any collateral dependent loans that are still accruing but are considered nonperforming.


	December 31,
	2025		2024
	(in thousands)
Real estate loans:
Commercial property
Retail	$	596	$	1,377
Hospitality		—		215
Office		10,159		—
Other		671		—
Total commercial property loans		11,426		1,592
Residential		1,113		1,875
Total real estate loans		12,539		3,467
Total collateral dependent loans	$	12,539	$	3,467

Credit Quality of Loan Portfolio

Loans by Vintage Year and Risk Rating


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2025			2024		2023		2022		2021		Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
December 31, 2025
Real estate loans:
Commercial property
Risk Rating
Pass / Pass Watch	$	1,181,833		$	402,354	$	472,027	$	808,330	$	735,411	$	285,598		$	54,824		$	3,940,377
Special Mention		55,029			—		—		148		1,371		298			—			56,846
Classified		3,846			—		—		11,225		—		4,069			—			19,140
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		1,134,456		867,921		382,674			58,978			5,000,215
Special Mention		55,029			—		—		2,565		1,371		298			250			59,513
Classified		3,846			—		—		12,338		—		4,065			—			20,249
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		1,244,295		906,881		401,134			404,953			6,466,374
Special Mention		55,029			—		—		14,165		1,371		298			250			71,113
Classified		4,352			726		1,202		14,448		583		4,218			352			25,881
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


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2024		2023			2022		2021			2020			Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
December 31, 2024
Real estate loans:
Commercial property
Risk Rating
Pass / Pass Watch	$	533,989	$	558,271		$	930,190	$	800,938		$	553,490		$	271,209		$	101,277		$	3,749,364
Special Mention		29,935		—			1,009		—			—			76,524			—			107,468
Classified		541		—			5,658		3,151			72			4,770			—			14,192
Total commercial property		564,465		558,271			936,857		804,089			553,562			352,503			101,277			3,871,024
YTD gross charge-offs		—		—			274		—			—			136			—			410
YTD net charge-offs (recoveries)		—		—			274		—			(21	)		(704	)		—			(451	)

Construction
Risk Rating
Pass / Pass Watch		70,601		7,997			—		—			—			—			—			78,598
Special Mention		—		—			—		—			—			—			—			—
Classified		—		—			—		—			—			—			—			—
Total construction		70,601		7,997			—		—			—			—			—			78,598
YTD gross charge-offs		—		—			—		—			1,133			—			—			1,133
YTD net charge-offs (recoveries)		—		—			—		—			1,132			(1,358	)		—			(226	)

Residential
Risk Rating
Pass / Pass Watch		127,986		200,316			355,134		145,310			11,164			105,406			4,436			949,752
Special Mention		—		—			—		—			—			—			251			251
Classified		—		—			983		—			316			—			—			1,299
Total residential		127,986		200,316			356,117		145,310			11,480			105,406			4,687			951,302
YTD gross charge-offs		—		—			—		—			—			—			—			—
YTD net charge-offs (recoveries)		—		—			—		—			—			(3	)		—			(3	)

Total real estate loans
Risk Rating
Pass / Pass Watch		732,576		766,584			1,285,324		946,248			564,654			376,615			105,713			4,777,714
Special Mention		29,935		—			1,009		—			—			76,524			251			107,719
Classified		541		—			6,641		3,151			388			4,770			—			15,491
Total real estate loans		763,052		766,584			1,292,974		949,399			565,042			457,909			105,964			4,900,924
YTD gross charge-offs		—		—			274		—			1,133			136			—			1,543
YTD net charge-offs (recoveries)		—		—			274		—			1,111			(2,065	)		—			(680	)

Commercial and industrial loans:
Risk Rating
Pass / Pass Watch		271,655		59,453			94,385		32,226			12,761			13,360			346,001			829,841
Special Mention		19,473		—			12,401		—			—			20			—			31,894
Classified		—		(5	)		196		102			—			215			1,188			1,696
Total commercial and industrial loans		291,128		59,448			106,982		32,328			12,761			13,595			347,189			863,431
YTD gross charge-offs		19		169			168		—			11			207			2			576
YTD net charge-offs (recoveries)		19		169			160		(13	)		11			123			(3,375	)		(2,906	)

Equipment financing agreements:
Risk Rating
Pass / Pass Watch		140,143		144,617			129,764		52,354			8,085			3,563			—			478,526
Special Mention		—		—			—		—			—			—			—			—
Classified		431		1,945			3,851		1,934			129			206			—			8,496
Total equipment financing agreements		140,574		146,562			133,615		54,288			8,214			3,769			—			487,022
YTD gross charge-offs		30		1,456			5,128		2,206			354			325			—			9,499
YTD net charge-offs (recoveries)		30		1,299			4,488		1,826			287			(211	)		—			7,719

Total loans:
Risk Rating
Pass / Pass Watch		1,144,374		970,654			1,509,473		1,030,828			585,500			393,538			451,714			6,086,081
Special Mention		49,408		—			13,410		—			—			76,544			251			139,613
Classified		972		1,940			10,688		5,187			517			5,191			1,188			25,683
Total loans	$	1,194,754	$	972,594		$	1,533,571	$	1,036,015		$	586,017		$	475,273		$	453,153		$	6,251,377
YTD gross charge-offs		49		1,625			5,570		2,206			1,498			668			2			11,618
YTD net charge-offs (recoveries)		49		1,468			4,922		1,813			1,409			(2,153	)		(3,375	)		4,133

(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)
	2025			2024		2023		2022		2021		Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
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


	Term Loans
	Amortized Cost Basis by Origination Year (1)
	2024		2023			2022		2021			2020			Prior			Revolving Loans Amortized Cost Basis			Total
	(in thousands)
December 31, 2024
Real estate loans:
Commercial property
Payment performance
Performing	$	564,465	$	558,271		$	936,140	$	804,089		$	553,562		$	351,042		$	101,277		$	3,868,846
Nonperforming		—		—			717		—			—			1,461			—			2,178
Total commercial property		564,465		558,271			936,857		804,089			553,562			352,503			101,277			3,871,024
YTD gross charge-offs		—		—			274		—			—			136			—			410
YTD net charge-offs (recoveries)		—		—			274		—			(21	)		(704	)		—			(451	)

Construction
Payment performance
Performing		70,601		7,997			—		—			—			—			—			78,598
Nonperforming		—		—			—		—			—			—			—			—
Total construction		70,601		7,997			—		—			—			—			—			78,598
YTD gross charge-offs		—		—			—		—			1,133			—			—			1,133
YTD net charge-offs (recoveries)		—		—			—		—			1,132			(1,358	)		—			(226	)

Residential
Payment performance
Performing		127,986		200,316			354,562		145,310			11,164			105,406			4,687			949,431
Nonperforming		—		—			1,555		—			316			—			—			1,871
Total residential		127,986		200,316			356,117		145,310			11,480			105,406			4,687			951,302
YTD gross charge-offs		—		—			—		—			—			—			—			—
YTD net charge-offs (recoveries)		—		—			—		—			—			(3	)		—			(3	)

Total real estate loans
Payment performance
Performing		763,052		766,584			1,290,702		949,399			564,726			456,448			105,964			4,896,875
Nonperforming		—		—			2,272		—			316			1,461			—			4,049
Total real estate loans		763,052		766,584			1,292,974		949,399			565,042			457,909			105,964			4,900,924
YTD gross charge-offs		—		—			274		—			1,133			136			—			1,543
YTD net charge-offs (recoveries)		—		—			274		—			1,111			(2,065	)		—			(680	)

Commercial and industrial loans:
Payment performance
Performing		291,128		59,453			106,863		32,328			12,761			13,498			346,001			862,032
Nonperforming		—		(5	)		119		—			—			97			1,188			1,399
Total commercial and industrial loans		291,128		59,448			106,982		32,328			12,761			13,595			347,189			863,431
YTD gross charge-offs		19		169			168		—			11			207			2			576
YTD net charge-offs (recoveries)		19		169			160		(13	)		11			123			(3,375	)		(2,906	)

Equipment financing agreements:
Payment performance
Performing		140,143		144,617			129,442		52,354			8,079			3,563			—			478,198
Nonperforming		431		1,945			4,173		1,934			135			206			—			8,824
Total equipment financing agreements		140,574		146,562			133,615		54,288			8,214			3,769			—			487,022
YTD gross charge-offs		30		1,456			5,128		2,206			354			325			—			9,499
YTD net charge-offs (recoveries)		30		1,299			4,488		1,826			287			(211	)		—			7,719

Total loans:
Payment performance
Performing		1,194,323		970,654			1,527,007		1,034,081			585,566			473,509			451,965			6,237,105
Nonperforming		431		1,940			6,564		1,934			451			1,764			1,188			14,272
Total loans	$	1,194,754	$	972,594		$	1,533,571	$	1,036,015		$	586,017		$	475,273		$	453,153		$	6,251,377
YTD gross charge-offs		49		1,625			5,570		2,206			1,498			668			2			11,618
YTD net charge-offs (recoveries)		49		1,468			4,922		1,813			1,409			(2,153	)		(3,375	)		4,133

(1)

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

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 December 31, 2025 and 2024.


	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

	December 31, 2024
	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	$	1,480		$	277	$	—	$	1,757
Hospitality		165			249		—		414
Other		—			7		—		7
Total commercial property loans		1,645			533		—		2,178
Residential		1,866			—		—		1,866
Total real estate loans		3,511			533		—		4,044
Commercial and industrial loans		—			1,404		—		1,404
Equipment financing agreements		513			8,311		—		8,824
Total	$	4,024		$	10,248	$	—	$	14,272

Analysis of Past Due Loans, Disaggregated by Loan Class Excluding Loans Held for Sale and Including Nonaccrual Loans

The following is an aging analysis of loans, disaggregated by loan class, excluding loans held for sale and including nonaccrual loans, as of the dates indicated:


	30-59 Days Past Due		60-89 Days Past Due			90 Days or More Past Due		Total Past Due		Current		Total
	(in thousands)
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

December 31, 2024
Real estate loans:
Commercial property
Retail	$	975	$	855		$	254	$	2,084	$	1,066,894	$	1,068,978
Hospitality		516		(50	)		216		682		847,452		848,134
Office		—		212			—		212		568,649		568,861
Other		1,288		—			—		1,288		1,383,763		1,385,051
Total commercial property loans		2,779		1,017			470		4,266		3,866,758		3,871,024
Construction		—		—			—		—		78,598		78,598
Residential		5,129		2,975			980		9,084		942,218		951,302
Total real estate loans		7,908		3,992			1,450		13,350		4,887,574		4,900,924
Commercial and industrial loans		236		132			1,278		1,646		861,785		863,431
Equipment financing agreements		6,154		2,866			5,760		14,780		472,242		487,022
Total loans	$	14,298	$	6,990		$	8,488	$	29,776	$	6,221,601	$	6,251,377

Non-Performing Assets

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


	As of December 31,
	2025		2024
	(in thousands)
Nonaccrual loans	$	18,112	$	14,272
Loans 90 days or more past due and still accruing		—		—
Total nonperforming loans		18,112		14,272
Other real estate owned ("OREO")		1,980		117
Total nonperforming assets	$	20,092	$	14,389