National Bank (NBHC) 10-K25 Feb 252024 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2024	Feb. 21, 2025	Jun. 30, 2024
Document Document And Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	001-35654
Entity Registrant Name	NATIONAL BANK HOLDINGS CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0563799
Entity Address, Address Line One	7800 East Orchard Road, Suite 300
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	303
Local Phone Number	892-8715
Title of 12(b) Security	Class A Common Stock, Par Value $0.01
Trading Symbol	NBHC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		38,055,322
Entity Public Float			$ 1,457,000,000
Auditor Name	KPMG LLP
Auditor Firm ID	185
Auditor Location	Kansas City, MO
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0001475841
Amendment Flag	false
Documents Incorporated by Reference	Portions of the Registrant’s definitive proxy statement for its 2025 Annual Meeting of Shareholders to be filed within 120 days of December 31, 2024 will be incorporated by reference into Part III of this Form 10-K.

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 127,848	$ 190,826
Investment securities available-for-sale (at fair value)	527,547	628,829
Investment securities held-to-maturity (fair value of $451,386 and $504,328 at December 31, 2024 and December 31, 2023, respectively)	533,108	585,052
Non-marketable securities	76,462	90,477
Loans	7,751,143	7,698,758
Allowance for credit losses	(94,455)	(97,947)
Loans, net	7,656,688	7,600,811
Loans held for sale	24,495	18,854
Other real estate owned	662	4,088
Premises and equipment, net	196,773	162,733
Goodwill	306,043	306,043
Intangible assets, net	58,432	66,025
Other assets	299,635	297,326
Total assets	9,807,693	9,951,064
Liabilities:
Non-interest bearing demand deposits	2,213,685	2,361,367
Interest bearing demand deposits	1,411,860	1,480,042
Savings and money market	3,592,312	3,367,012
Time deposits	1,020,036	981,970
Total deposits	8,237,893	8,190,391
Securities sold under agreements to repurchase	18,895	19,627
Long-term debt, net	54,511	54,200
Federal Home Loan bank advances	50,000	340,000
Other liabilities	141,319	134,039
Total liabilities	8,502,618	8,738,257
Shareholders' equity:
Common stock, par value $0.01 per share: 400,000,000 shares authorized; 51,487,888 and 51,487,907 shares issued; 38,054,482 and 37,784,851 shares outstanding at December 31, 2024 and December 31, 2023, respectively	515	515
Additional paid-in capital	1,167,431	1,162,269
Retained earnings	508,864	433,126
Treasury stock of 13,141,392 and 13,462,472 shares at December 31, 2024 and December 31, 2023, respectively, at cost	(301,694)	(306,702)
Accumulated other comprehensive loss, net of tax	(70,041)	(76,401)
Total shareholders' equity	1,305,075	1,212,807
Total liabilities and shareholders' equity	$ 9,807,693	$ 9,951,064

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Consolidated Statements of Financial Condition
Investment securities held-to-maturity, fair value	$ 451,386	$ 504,328
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	400,000,000	400,000,000
Common Stock, shares issued	51,487,888	51,487,907
Common Stock, shares outstanding	38,054,482	37,784,851
Treasury stock, shares	13,141,392	13,462,472

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest and dividend income:
Interest and fees on loans	$ 505,266	$ 461,376	$ 255,672
Interest and dividends on investment securities	28,696	26,331	24,200
Dividends on non-marketable securities	1,832	3,253	1,034
Interest on interest bearing bank deposits	2,474	4,455	3,782
Total interest and dividend income	538,268	495,415	284,688
Interest expense:
Interest on deposits	186,192	109,378	14,596
Interest on borrowings	6,688	24,086	3,257
Total interest expense	192,880	133,464	17,853
Net interest income before provision for credit losses	345,388	361,951	266,835
Provision for credit loss expense	6,755	8,295	36,729
Net interest income after provision for credit losses	338,633	353,656	230,106
Non-interest income:
Non-interest income	46,174	46,924	37,654
Mortgage banking income	11,228	13,634	23,774
Bank-owned life insurance income	3,005	3,269	2,272
Other non-interest income	16,660	9,153	6,610
Loss on security sales	(6,582)
Total non-interest income	61,231	63,917	67,312
Non-interest expense:
Salaries and benefits	146,243	137,701	124,971
Occupancy and equipment	39,951	37,552	31,496
Data processing	17,481	13,110	12,657
Marketing and business development	3,989	4,002	3,821
FDIC deposit insurance	5,390	7,008	2,121
Bank card expenses	5,185	5,769	5,480
Professional fees	7,062	10,464	14,418
Other non-interest expense	21,377	18,979	13,932
Other intangible assets amortization	7,939	7,386	2,338
Total non-interest expense	254,617	241,971	211,234
Income before income taxes	145,247	175,602	86,184
Income tax expense	26,432	33,554	14,910
Net income	$ 118,815	$ 142,048	$ 71,274
Earnings per share-basic (in dollars per share)	$ 3.1	$ 3.74	$ 2.2
Earnings per share-diluted (in dollars per share)	$ 3.08	$ 3.72	$ 2.18
Weighted average number of common shares outstanding:
Basic (in shares)	38,212,304	37,937,579	32,360,005
Diluted (in shares)	38,419,125	38,111,208	32,680,932
Service charges
Non-interest income:
Non-interest income	$ 17,957	$ 18,225	$ 16,357
Bank card fees
Non-interest income:
Non-interest income	$ 18,963	$ 19,636	$ 18,299

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income (Loss)
Net income	$ 118,815	$ 142,048	$ 71,274
Securities available-for-sale:
Net unrealized gains (losses) arising during the period, net of tax (expense) benefit of ($897), ($2,703), and $24,297 for the years ended December 31, 2024, 2023 and 2022, respectively.	1,110	11,781	(79,312)
Less: reclassification adjustment for loss on security sales realized in net income, net of tax benefit of $1,534 for the year ended December 31, 2024.	5,048
Less: amortization of net unrealized holding gains to income, net of tax benefit of $23, $51, and $95 for the years ended December 31, 2024, 2023 and 2022, respectively.	(73)	(166)	(303)
Cash flow hedges:
Net unrealized gains (losses) arising during the period, net of tax (expense) benefit of ($18), $325, and $524 for the years ended December 31, 2024, 2023 and 2022, respectively.	22	(1,005)	(1,721)
Less: reclassification adjustment for losses included in net income, net of tax benefit of $77, $362, and $28 for the years ended December 31, 2024, 2023 and 2022, respectively.	253	1,193	95
Other comprehensive income (loss)	6,360	11,803	(81,241)
Comprehensive income (loss)	$ 125,175	$ 153,851	$ (9,967)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income (Loss)
Tax (expense) benefit on net unrealized gains (losses) arising during the period	$ (897)	$ (2,703)	$ 24,297
Reclassification adjustment for loss on security sales realized in net income, net of tax benefit	1,534
Tax benefit of amortization of net unrealized holding gains to income	23	51	95
Net unrealized gains (losses) arising during the period, tax (expense) benefit	(18)	325	524
Reclassification adjustment for (gains) losses included in net income, tax (expense) benefit	$ 77	$ 362	$ 28

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common stock	Additional paid-in capital Community Bancorporation	Additional paid-in capital Bancshares of Jackson Hole	Additional paid-in capital	Retained earnings	Treasury stock Community Bancorporation	Treasury stock Bancshares of Jackson Hole	Treasury stock	Accumulated other comprehensive (loss) income, net	Community Bancorporation	Bancshares of Jackson Hole	Total
Balance in the beginning at Dec. 31, 2021	$ 515			$ 1,014,294	$ 289,876			$ (457,616)	$ (6,963)			$ 840,106
Increase (Decrease) in Stockholders' Equity
Net income					71,274							71,274
Stock-based compensation				6,059								6,059
Issuance of stock under purchase and equity compensation plans, including gain on reissuance of treasury stock, net				(2,812)				2,514				(298)
Reissuance of treasury stock		$ 63,630	$ 78,337			$ 60,642	$ 84,122			$ 124,272	$ 162,459
Cash dividends declared					(30,429)							(30,429)
Other comprehensive income (loss)									(81,241)			(81,241)
Balance in the ending at Dec. 31, 2022	515			1,159,508	330,721			(310,338)	(88,204)			1,092,202
Increase (Decrease) in Stockholders' Equity
Net income					142,048							142,048
Stock-based compensation				7,222								7,222
Issuance of stock under purchase and equity compensation plans, including gain on reissuance of treasury stock, net				(4,461)				3,636				(825)
Cash dividends declared					(39,643)							(39,643)
Other comprehensive income (loss)									11,803			11,803
Balance in the ending at Dec. 31, 2023	515			1,162,269	433,126			(306,702)	(76,401)			1,212,807
Balance in the ending (Treasury Stock) at Dec. 31, 2023												(306,702)
Increase (Decrease) in Stockholders' Equity
Net income					118,815							118,815
Stock-based compensation				8,048								8,048
Issuance of stock under purchase and equity compensation plans, including gain on reissuance of treasury stock, net				(2,886)				5,008				2,122
Cash dividends declared					(43,077)							(43,077)
Other comprehensive income (loss)									6,360			6,360
Balance in the ending at Dec. 31, 2024	$ 515			$ 1,167,431	$ 508,864			$ (301,694)	$ (70,041)			1,305,075
Balance in the ending (Treasury Stock) at Dec. 31, 2024												$ (301,694)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Gain on reissuance of treasury stock	$ 7,699	$ 4,077	$ 4,111
Cash dividends declared per share	$ 1.12	$ 1.04	$ 0.94
Community Bancorporation
Reissuance of treasury stock, shares			3,096,745
Bancshares of Jackson Hole
Reissuance of treasury stock, shares			4,391,964

Consolidated Statements of Cash

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)	$ 118,815	$ 142,048	$ 71,274
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit loss expense	6,755	8,295	36,729
Depreciation and amortization	24,191	23,853	16,448
Change in current income tax receivable	1,740	3,223	(3,880)
Change in deferred income taxes	6,357	55	(17,280)
Discount accretion, net of premium amortization on securities	(1,350)	(831)	1,111
Gain on sale of mortgages, net	(9,662)	(9,907)	(19,747)
Origination of loans held for sale, net of repayments	(346,588)	(398,438)	(810,061)
Proceeds from sales of loans held for sale	349,450	407,425	955,044
Originations of mortgage servicing rights	(404)	(1,183)	(4,187)
Proceeds from sales of mortgage servicing rights		5,502
Gain on sale of mortgage servicing rights		(1,052)
Impairment on fixed assets	958	349	118
Gain on sale of fixed assets	(637)	(148)	(1,674)
Stock-based compensation	8,048	7,222	6,059
Loss on security sales	6,582
Operating lease payments	(6,537)	(6,308)	(5,036)
Change in other assets	(16,062)	343	(26,749)
Change in other liabilities	13,615	(13,513)	16,465
Net cash provided by operating activities	155,271	166,935	214,634
Cash flows from investing activities:
Proceeds from non-marketable securities	57,527	100,046	4,175
Proceeds from maturities and paydowns of investment securities available-for-sale	157,538	92,032	141,892
Proceeds from maturities and paydowns of investment securities held-to-maturity	63,078	69,555	133,363
Proceeds from sales of investment securities available-for-sale	132,113		128,430
Proceeds from sales of other real estate owned	3,418	581	3,564
Purchases of non-marketable securities	(44,889)	(106,175)	(37,271)
Purchases of investment securities available-for-sale	(185,713)	0	(259,846)
Purchases of investment securities held-to-maturity	(10,483)	(2,452)	(101,699)
Purchases of premises and equipment, net	(34,592)	(36,834)	(12,430)
Net increase in loans	(73,338)	(477,109)	(987,511)
Proceeds from the sale of loans		1,625	933
Net cash activity for acquisitions		(45,300)	234,263
Net cash provided by (used in) investing activities	64,659	(404,031)	(752,137)
Cash flows from financing activities:
Net increase (decrease) in deposits	47,229	317,050	(465,818)
Net decrease in repurchase agreements and other short-term borrowings	(732)	(587)	(2,554)
Net (payments to) advances from the Federal Home Loan Bank	(290,000)	(45,000)	385,000
Issuance of stock under purchase and equity compensation plans	(1,515)	(1,534)	(1,481)
Proceeds from exercise of stock options	3,555	617	1,102
Payment of dividends	(42,945)	(39,643)	(30,447)
Net cash (used in) provided by financing activities	(284,408)	230,903	(114,198)
Decrease in cash, cash equivalents and restricted cash(1)	(64,478)	(6,193)	(651,701)
Cash, cash equivalents and restricted cash at beginning of the year(1)	192,326	198,519	850,220
Cash, cash equivalents and restricted cash at end of period(1)	127,848	192,326	198,519
Supplemental disclosure of cash flow information during the period:
Cash paid for interest	189,973	124,426	18,597
Net tax payments	20,841	32,846	11,302
Supplemental schedule of non-cash activities:
Loans transferred to other real estate owned at fair value	9,577	1,207	147
Loans transferred from loans held for sale to loans	$ 1,159	$ 4,833	5,288
Treasury stock reissued for acquisition			$ 144,764

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - Peoples Inc - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted cash placed in escrow	$ 0	$ 1,500,000	$ 3,000,000
Restricted Cash, Asset, Statement of Financial Position [Extensible List]	Other Assets	Other Assets	Other Assets

Basis of Presentation

Basis of Presentation	12 Months Ended
Basis of Presentation	Dec. 31, 2024
Basis of Presentation
Basis of Presentation	Note 1 Basis of Presenta tion National Bank Holdings Corporation is a bank holding company that was incorporated in the State of Delaware in 2009. The Company is headquartered in Greenwood Village, Colorado, and its primary operations are conducted through its wholly owned subsidiaries NBH Bank and Bank of Jackson Hole Trust. NBH Bank is a Colorado state-chartered bank and a member of the Federal Reserve System, and Bank of Jackson Hole Trust is a Wyoming state-chartered bank and a member of the Federal Reserve System. The Company provides a variety of banking products to both commercial and consumer clients through a network of over 90 banking centers as of December 31, 2024, located primarily in Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho, as well as through online and mobile banking products and services. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, NBH Bank, Bank of Jackson Hole Trust and 2UniFi, LLC. The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP and, where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. All amounts are in thousands, except share data, or as otherwise noted. GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the fair values of financial instruments, contingent liabilities and the allowance for credit losses. Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from those estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 Summary of Significant Accounting Policies a) Cash and cash equivalents b) Investment securities Management evaluates all investments in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, we evaluate whether the decline in fair value is the result of credit losses or other factors. In making the assessment, we may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss. The Company does not measure expected credit losses for U.S. agency-backed held-to-maturity securities, since the risk of nonpayment of the amortized cost basis is zero. Credit losses are not estimated for AIR from investment securities as interest deemed uncollectible is written off through interest income. c) Non-marketable securities d) Loans receivable — Estimated fair values of acquired loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, the expected timing of cash flows, classification status, fixed or variable interest rate, term of loan and whether or not the loan is amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Discounts created when the loans are recorded at their estimated fair values at acquisition are accreted over the remaining term of the loan as an adjustment to the related loan’s yield. Similar to originated loans described below, the accrual of interest income on acquired loans is discontinued when the collection of principal or interest, in whole or in part, is doubtful. Acquired loans that have been identified as having experienced a more-than-insignificant deterioration in credit quality since origination are purchased credit deteriorated (“PCD”) loans. The net premium or discount on PCD loans is adjusted by our allowance for credit losses recorded at the time of acquisition. The remaining net premium or discount is accreted or amortized into interest income over the remaining life of the loan using the level yield method. The net premium or discount on non-PCD loans, that includes credit quality and interest rate considerations, is accreted or amortized into interest income over the remaining life of the loan using the level yield method. The Company then records the necessary allowance for credit losses on the non-PCD loans through provision for credit losses expense. Interest income on acquired loans and interest income on loans originated by the Company is accrued and credited to income as it is earned using the interest method based on daily balances of the principal amount outstanding. However, interest is generally not accrued on loans 90 days or more past due, unless they are well secured and in the process of collection. Additionally, in certain situations, loans that are not contractually past due may be placed on non-accrual status due to the continued failure to adhere to contractual payment terms by the borrower coupled with other pertinent factors, such as insufficient collateral value or deficient primary and secondary sources of repayment. Accrued interest receivable is reversed when a loan is placed on non-accrual status and payments received generally reduce the carrying value of the loan. Interest is not accrued while a loan is on non-accrual status and interest income is generally recognized on a cash basis only after payment in full of the past due principal and collection of principal outstanding is reasonably assured. A loan may be placed back on accrual status if all contractual payments have been received, or sooner under certain conditions and collection of future principal and interest payments is no longer doubtful. In the event of borrower default, the Company may seek recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying a loan from its original terms, for economic or legal reasons, to provide a concession to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Such loans are considered “troubled debt modifications” and are identified in accordance with ASC Topic 326. e) Loans held for sale — The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e., interest rate lock commitments). Such interest rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. To protect against the price risk inherent in residential mortgage loan commitments, the Company utilizes both "best efforts" and "mandatory delivery" forward loan sale commitments to mitigate the risk of potential increases or decreases in the values of loans that would result from the change in market rates for such loans. The Company manages the interest rate risk on interest rate lock commitments by entering into forward sale contracts of mortgage backed securities. Such contracts are accounted for as derivatives and are recorded at fair value as derivative assets or liabilities. They are carried in the consolidated statements of financial condition within other assets or other liabilities, and changes in fair value are recorded net as a component of mortgage banking income in the consolidated statements of operations. The gross gains on loan sales are recognized based on new loan commitments with adjustment for price and pair-off activity. Commission expenses on loans held for sale are recognized based on loans closed. f) Allowance for credit losses The Company utilizes a DCF model developed within a third-party software tool to establish expected lifetime credit losses for the loan portfolio. The ACL is calculated as the difference between the amortized cost basis and the projections from the DCF analysis. The DCF model allows for individual life of loan cash flow modeling, excluding extensions and renewals, using loan-specific interest rates and repayment schedules adjusted for estimated prepayment rates and loss recovery timing delays. The model incorporates forecasts of certain national macroeconomic factors, including unemployment rates, HPI, retail sales and GDP, which drive correlated probability of default (“PD”) and loss given default (“LGD”) rates. PD and LGD, in turn, drive the losses predicted in establishing our ACL. PD and LGD rates along with prepayment rates and loss recovery time delays are determined at a loan class level making use of both internal and peer historical loss rate data. The determination and application of the ACL accounting policy involves judgments, estimates, and uncertainties that are subject to change. For periods beyond the reasonable and supportable forecast period, we revert to historical long-term average loss rates on a straight-line basis. The length of the forecast period spans four quarters. The length of the reversion period is based on management’s assessment of the length and pattern of the current economic cycle and typically ranges from four to eight quarters. Management accounts for the inherent uncertainty of the underlying economic forecast by reviewing and weighting alternate forecast scenarios. Additionally, the ACL calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience. These qualitative adjustments may increase or reduce reserve levels and include adjustments for lending management experience and risk tolerance, loan review and audit results, asset quality and portfolio trends, loan portfolio growth and industry concentrations. The Company has elected to exclude AIR from the allowance for credit losses calculation. When a loan is placed on non-accrual, any recorded AIR is reversed against interest income. The determination and application of the ACL accounting policy involves judgments, estimates, and uncertainties that are subject to change. Changes in these assumptions, estimates or the conditions surrounding them may have a material impact on our financial condition, liquidity or results of operations. Various regulatory agencies, as an integral part of the examination process, periodically review the ACL. Such agencies may require the Company to recognize additions to the ACL or reserve increases to adversely graded classified loans based on their judgments about information available to them at the time of their examinations. The ACL is decreased by net charge-offs and is increased by provisions for loan losses that are charged to the statements of operations. Charge-offs, if any, are typically measured for each loan based on a thorough analysis of the most probable source of repayment, such as the present value of the loan’s expected future cash flows, the loan’s estimated fair value, or the estimated fair value of the underlying collateral less costs of disposition for collateral-dependent loans. When it is determined that specific loans, or portions thereof, are uncollectible, these amounts are charged off against the ACL. The Company uses an internal risk rating system to indicate credit quality in the loan portfolio. The risk rating system is applied to all loans and uses a series of grades, which reflect management’s assessment of the risk attributable to loans based on an analysis of the borrower’s financial condition and ability to meet contractual debt service requirements. Loans that management perceives to have acceptable risk are categorized as “Pass” loans. The “Special Mention” loans represent loans that have potential credit weaknesses that deserve management’s close attention. Special mention loans include borrowers that have potential weaknesses or unwarranted risks that, unless corrected, may threaten the borrower’s ability to meet debt requirements. However, these borrowers are still believed to have the ability to respond to and resolve the financial issues that threaten their financial situation. Loans classified as “Substandard” are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a distinct possibility of loss if the deficiencies are not corrected. “Doubtful” loans are loans that management believes the collection of payments in accordance with the terms of the loan agreement is highly questionable and improbable. Credit quality indicators are reviewed and updated in accordance with internal policy based on loan balance and risk rating. Interest accrual is discontinued on doubtful loans and certain substandard loans. Unfunded loan commitments In addition to the ACL for funded loans, the Company maintains reserves to cover the risk of loss associated with off-balance sheet unfunded loan commitments. The allowance for off-balance sheet credit losses is maintained within the other liabilities in the statements of financial condition. Under the CECL framework, adjustments to this liability are recorded as provision for credit losses in the statements of operations. Unfunded loan commitment balances are evaluated by loan class and further segregated by revolving and non-revolving commitments. In order to establish the required level of reserve, the Company applies average historical utilization rates and ACL loan model loss rates for each loan class to the outstanding unfunded commitment balances. g) Premises and equipment 7 3 the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposal is less than its carrying amount. Property and equipment that meet the held-for-sale criteria is recorded at the lower of its carrying amount or fair value less cost to sell and depreciation is ceased. The Company capitalizes internal and external direct costs incurred related to obtaining or developing internal-use software. Costs incurred during the application development stage are capitalized and amortized using the straight-line method over the estimated useful lives of the software when the software is ready for its intended use. Costs related to planning and other preliminary project activities and post-implementation activities are expensed as incurred. h) Goodwill and intangible assets Intangible assets that have finite useful lives are amortized over their estimated useful lives. The Company’s core deposit intangible assets represent the value of the anticipated future cost savings that will result from the acquired core deposit relationships versus an alternative source of funding. Judgment may be used in assessing goodwill and intangible assets for impairment. Estimates of fair value are based on projections of revenues, operating costs and cash flows of the reporting unit considering historical and anticipated future results, general economic and market conditions, as well as the impact of planned business or operational strategies. The valuations use a combination of present value techniques to measure fair value considering market factors. Additionally, judgment is used in determining the useful lives of finite-lived intangible assets. Adverse changes in the economic environment, operations of the reporting unit, or changes in judgments and projections could result in a significantly different estimate of the fair value of the reporting unit and could result in an impairment of goodwill and/or intangible assets. Servicing right assets associated with loans originated and sold, where servicing is retained, are initially capitalized at fair value and included in intangible assets in the consolidated statements of financial condition. For subsequent measurement purposes, the Company measures servicing assets based on the lower of cost or market using the amortization method. The values of these capitalized servicing rights are amortized as an offset to the loan servicing income earned in relation to the servicing revenue expected to be earned. The carrying values of these rights are reviewed quarterly for impairment based on the fair value of those assets. For purposes of impairment evaluation and measurement, management stratifies servicing right assets based on the predominant risk characteristics of the underlying loans, including loan type and loan term. If, by individual stratum, the carrying amount of these servicing right assets exceeds fair value, a valuation allowance is established and the impairment is recognized in the consolidated statements of operations. If the fair value of impaired servicing right assets subsequently increases, management recognizes the increase in fair value in current period non-interest income and, through a reduction in the valuation allowance, adjusts the carrying value of the servicing right assets to a level not in excess of amortized cost. i) Reserve for Mortgage Loan Repurchase Losses– representations or warranties. Risk associated with potential repurchases or other forms of settlement is managed through underwriting and quality assurance practices. The Company establishes mortgage repurchase reserves related to various representations and warranties that reflect management’s estimate of losses based on a combination of factors. Such factors incorporate actual and historic loss history, delinquency trends or other deficiencies found in the portfolio and economic conditions. The Company establishes a reserve at the time loans are sold and updates the reserve estimate quarterly during the estimated loan life. The repurchase reserve is included in other liabilities in the consolidated statements of financial condition. j) Other real estate owned k) Bank-owned life insurance l) Securities purchased under agreements to resell and securities sold under agreements to repurchase m) Stock-based compensation The fair value of stock options is measured using a Black-Scholes model. The fair value of time-based restricted stock awards and performance stock units with performance based vesting criteria is based on the Company’s stock price on the date of grant. The fair value of performance stock units with market-based vesting criteria is measured using a Monte Carlo simulation model. Compensation expense for the portion of the awards that contain performance and service vesting conditions is recognized over the requisite service period based on the fair value of the awards on the grant date. Compensation expense for the portion of the awards that contain a market vesting condition is recognized over the derived service period based on the fair value of the awards on the grant date. The amortization of stock-based compensation reflects any estimated forfeitures, and the expense realized in subsequent periods may be adjusted to reflect the actual forfeitures realized. The outstanding stock options primarily carry a maximum contractual term of ten years. To the extent that any award is forfeited, surrendered, terminated, expires, or lapses without being vested or exercised, the shares of stock subject to such award not delivered are again made available for awards under the 2023 Plan. Excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) are recognized in the consolidated statements of operations as a component of income tax expense or benefit and are classified as an operating activity within the Company’s consolidated statements of cash flows. The tax effects of exercised, expired or vested awards are treated as discrete items in the reporting period in which they occur and may result in increased volatility in our effective tax rate. Cash paid by the Company when directly withholding shares for tax withholding purposes is classified as a financing activity in the consolidated statements of cash flows. n) Income taxes Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. Deferred tax assets and liabilities are adjusted for the effects of changes in tax rates in the period of change. The Company establishes a valuation allowance when management believes, based on the weight of available evidence, it is more likely than not that some portion of the deferred tax assets will not be realized. The Company recognizes and measures income tax benefits based upon a two-step model: 1) a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized; and 2) the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized for a position in this model and the tax benefit claimed on a tax return is treated as an unrecognized tax benefit. The Company recognizes income tax related interest and penalties in other non-interest expense. o) Earnings per share p) Interest Rate Swap Derivatives The Company offers interest rate swap products to certain of its clients to manage potential changes in interest rates. Each contract between the Company and a client is offset with a contract between the Company and an institutional counterparty, thus minimizing the Company's exposure to rate changes. The Company's portfolio consists of a “matched book,” and as such, changes in fair value of the swap pairs will largely offset in earnings. In accordance with applicable accounting guidance, if certain conditions are met, a derivative may be designated as (1) a hedge of the exposure to changes in the fair value of a recognized asset or liability, or of an unrecognized firm commitment, that are attributable to a particular risk (referred to as a fair value hedge) or (2) a hedge of the exposure to variability in the cash flows of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk (referred to as a cash flow hedge). The Company documents all hedging relationships at the inception of each hedging relationship and uses industry accepted methodologies and ranges to determine the effectiveness of each hedge. The fair value of the hedged item is calculated using the estimated future cash flows of the hedged item and applying discount rates equal to the market interest rate for the hedged item at the inception of the hedging relationship (inception benchmark interest rate plus an inception credit spread), adjusted for changes in the designated benchmark interest rate thereafter. q) Treasury stock to additional paid-in capital in the consolidated statements of financial condition. If the reissuance price is less than the cost basis (loss), the difference is recorded to additional paid-in capital to the extent there is a cumulative treasury stock paid-in capital balance. Any loss in excess of the cumulative treasury stock paid-in capital balance is charged to retained earnings. r) Acquisition activities Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). The depositor relationship related to deposit liabilities, the client relationship related to assets under management and acquired technology intangibles (known as the core deposit, client relationship and acquired technology intangible assets, respectively) may be exchanged in observable exchange transactions. As a result, these intangible assets are considered identifiable, because the separability criterion has been met.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Dec. 31, 2024
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 3 Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The update requires disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this update do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The Company adopted ASU 2023-07 in 2024, using a retrospective approach. T In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging Fair Value Hedging – Portfolio Layer Method Derivatives and Hedging Targeted Improvements to Accounting for Hedging Activities In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform Facilitation of the Effects of Reference Rate Reform on Financial Reporting period. ASU 2022-06, Reference Rate Reform Deferral of the Sunset Date of Topic 848

Investment Securities

Investment Securities	12 Months Ended
Investment Securities	Dec. 31, 2024
Investment Securities
Investment Securities	Note 4 Investment Securities The Company’s investment securities portfolio is comprised of available-for-sale and held-to-maturity investment securities. These investment securities totaled $1.0 billion at December 31, 2024 and included $0.5 billion of available-for-sale securities and $0.5 billion of held-to-maturity securities. At December 31, 2023, investment securities totaled $1.2 billion and included $0.6 billion of available-for-sale securities and $0.6 billion of held-to-maturity securities. Available-for-sale Available-for-sale securities are summarized as follows as of the dates indicated: December 31, 2024 Amortized Gross Gross cost unrealized gains unrealized losses Fair value U.S. Treasury securities $ 24,958 $ — $ (84) $ 24,874 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 164,785 53 (29,793) 135,045 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 425,476 432 (60,970) 364,938 Corporate debt 2,000 — (38) 1,962 Other securities 728 — — 728 Total investment securities available-for-sale $ 617,947 $ 485 $ (90,885) $ 527,547 December 31, 2023 Amortized Gross Gross cost unrealized gains unrealized losses Fair value U.S. Treasury securities $ 74,508 $ — $ (1,464) $ 73,044 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 233,264 57 (31,512) 201,809 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 417,155 — (65,913) 351,242 Municipal securities 80 — (1) 79 Corporate debt 2,000 — (157) 1,843 Other securities 812 — — 812 Total investment securities available-for-sale $ 727,819 $ 57 $ (99,047) $ 628,829 During 2024, purchases of available-for-sale securities totaled $185.7 million and sales of available-for-sale securities totaled $132.1 million. The available-for-sale securities sales were executed during the fourth quarter of 2024 as a result of strategic balance sheet management and resulted in a pre-tax loss of $6.6 million. There were no purchases or sales of available-for-sale securities during the year ended December 31, 2023. Maturities and paydowns of available-for-sale securities during 2024 and 2023 totaled $157.5 million and $92.0 million, respectively. At December 31, 2024 and 2023, the Company’s available-for-sale investment portfolio was primarily comprised of U.S. Treasury securities and mortgage-backed securities. All mortgage-backed securities were backed by GSE collateral such as FHLMC and FNMA and the government owned agency GNMA. The tables below summarize the available-for-sale securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2024 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 24,874 $ (84) $ 24,874 $ (84) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 132,935 (29,793) 132,935 (29,793) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 41,426 (95) 264,621 (60,875) 306,047 (60,970) Corporate debt — — 1,963 (38) 1,963 (38) Total $ 41,426 $ (95) $ 424,393 $ (90,790) $ 465,819 $ (90,885) December 31, 2023 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 73,044 $ (1,464) $ 73,044 $ (1,464) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 9 — 199,000 (31,512) 199,009 (31,512) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 138 (1) 351,104 (65,912) 351,242 (65,913) Municipal securities — — 79 (1) 79 (1) Corporate debt — — 1,843 (157) 1,843 (157) Total $ 147 $ (1) $ 625,070 $ (99,046) $ 625,217 $ (99,047) Management regularly monitors the investment securities portfolio in its entirety and further evaluates all of the available-for-sale securities in an unrealized loss position at each reporting period. The portfolio included 180 securities, which were in an unrealized loss position at December 31, 2024, compared to 230 securities at December 31, 2023. The unrealized losses in the Company’s investment portfolio at December 31, 2024 and 2023 were caused by changes in interest rates. The Company has no intention to sell these securities and believes it will not be required to sell the securities before the recovery of their amortized cost. Management believes that default of the available-for-sale securities is highly unlikely. FHLMC, FNMA and GNMA guaranteed mortgage-backed securities and U.S. Treasury securities have a long history of zero credit losses, an explicit guarantee by the U.S. government (although limited for FNMA and FHLMC securities) and yields that generally trade based on market views of prepayment and liquidity risk rather than credit risk. The tables below summarize the credit quality indicators, by fair value, of available-for-sale securities as of the dates shown: December 31, 2024 AA+ Not rated Total U.S. Treasury securities $ 24,874 $ — $ 24,874 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 135,045 — 135,045 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 364,938 — 364,938 Corporate debt — 1,962 1,962 Other securities — 728 728 Total investment securities available-for-sale $ 524,857 $ 2,690 $ 527,547 December 31, 2023 AAA Not rated Total U.S. Treasury securities $ 73,044 $ — $ 73,044 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 201,809 — 201,809 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 351,242 — 351,242 Municipal securities — 79 79 Corporate debt — 1,843 1,843 Other securities — 812 812 Total investment securities available-for-sale $ 626,095 $ 2,734 $ 628,829 Based upon the downgrade of U.S. government securities by certain rating agencies, the Company updated the rating in the tables above from AAA to AA+. Certain securities are pledged as collateral for public deposits, securities sold under agreements to repurchase and to secure borrowing capacity at the FRB, if needed. The fair value of available-for-sale investment securities pledged as collateral totaled $238.6 million and $312.4 million at December 31, 2024 and 2023, respectively. The Company may also pledge available-for-sale investment securities as collateral for FHLB advances. No securities were pledged for this purpose at December 31, 2024 or 2023. A summary of the available-for-sale securities by maturity is shown in the following table as of December 31, 2024. Mortgage-backed securities may have actual maturities that differ from contractual maturities depending on the repayment characteristics and experience of the underlying financial instruments and are therefore not included in the table below. Additionally, the Company holds other available-for-sale securities with an amortized cost and fair value December 31, 2024 Weighted Amortized cost Fair value average yield U.S. Treasury securities Within one year $ 24,958 $ 24,874 2.55% Corporate debt After five but within ten years 2,000 1,962 5.86% As of December 31, 2024 and 2023, AIR from available-for-sale investment securities totaled $1.3 million, and was included within other assets in the consolidated statements of financial condition. Held-to-maturity Held-to-maturity investment securities are summarized as follows as of the dates indicated: December 31, 2024 Gross Gross Amortized unrealized unrealized cost gains losses Fair value U.S. Treasury securities $ 49,639 $ — $ (480) $ 49,159 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 271,105 51 (36,870) 234,286 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 212,364 — (44,423) 167,941 Total investment securities held-to-maturity $ 533,108 $ 51 $ (81,773) $ 451,386 December 31, 2023 Gross Gross Amortized unrealized unrealized cost gains losses Fair value U.S. Treasury securities $ 49,338 $ — $ (1,004) $ 48,334 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 299,337 226 (34,552) 265,011 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 236,377 2 (45,396) 190,983 Total investment securities held-to-maturity $ 585,052 $ 228 $ (80,952) $ 504,328 During 2024 and 2023, purchases of held-to-maturity securities totaled $10.5 million and $2.5 million, respectively. Maturities and paydowns of held-to-maturity securities totaled $63.1 million and $69.6 million during 2024 and 2023, respectively. The held-to-maturity portfolio included 160 securities which were in an unrealized loss position at December 31, 2024, compared to 123 securities at December 31, 2023. The tables below summarize the held-to-maturity securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2024 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 49,159 $ (480) $ 49,159 $ (480) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 45,427 (880) 185,558 (35,990) 230,985 (36,870) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 2,818 (51) 165,123 (44,372) 167,941 (44,423) Total $ 48,245 $ (931) $ 399,840 $ (80,842) $ 448,085 $ (81,773) December 31, 2023 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 48,334 $ (1,004) $ 48,334 $ (1,004) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 14,689 (72) 217,467 (34,480) 232,156 (34,552) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 2,289 (37) 187,021 (45,359) 189,310 (45,396) Total $ 16,978 $ (109) $ 452,822 $ (80,843) $ 469,800 $ (80,952) The Company does not measure expected credit losses on a financial asset, or group of financial assets, in which historical credit loss information adjusted for current conditions and reasonable and supportable forecasts results in an expectation that nonpayment of the amortized cost basis is zero. Management evaluated held-to-maturity securities noting they are backed by loans guaranteed by either U.S. government agencies or U.S. government sponsored entities, and management believes that default is highly unlikely given this governmental backing and long history without credit losses. Additionally, management notes that yields on which the portfolio generally trades are based upon market views of prepayment and liquidity risk and not credit risk. The Company has no intention to sell any held-to-maturity securities and believes it will not be required to sell any held-to-maturity securities before the recovery of their amortized cost. The table below summarizes the credit quality indicators, by amortized cost, of held-to-maturity securities as of the dates shown: December 31, 2024 December 31, 2023 AA+ AAA U.S. Treasury securities $ 49,639 $ 49,338 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 271,105 299,337 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 212,364 236,377 Total investment securities held-to-maturity $ 533,108 $ 585,052 Based upon the downgrade of U.S. government securities by certain rating agencies, the Company updated the rating in the tables above from AAA to AA+. Certain securities are pledged as collateral for public deposits, securities sold under agreements to repurchase and to secure borrowing capacity at the FRB, if needed. The carrying value of held-to-maturity investment securities pledged as collateral totaled $500.5 million and $559.3 million at December 31, 2024 and December 31, 2023, respectively. The Company may also pledge held-to-maturity investment securities as collateral for FHLB advances. No held-to-maturity investment securities were pledged for this purpose at December 31, 2024 or 2023. A summary of the held-to-maturity securities by maturity is shown in the following table as of December 31, 2024. Actual maturities of mortgage-backed securities may differ from scheduled maturities depending on the repayment characteristics and experience of the underlying financial instruments and are therefore not included in the table below. 0 December 31, 2024 Weighted Amortized cost Fair value average yield U.S. Treasury securities Within one year $ 24,974 $ 24,884 3.18% After one but within five years 24,665 24,275 3.10% Total $ 49,639 $ 49,159 3.14% As of December 31, 2024 and 2023, AIR from held-to-maturity investment securities totaled $0.9 million and $1.0 million, respectively, and was included within other assets in the consolidated statements of financial condition.

Non-marketable Securities

Non-marketable Securities	12 Months Ended
Non-marketable Securities	Dec. 31, 2024
Non-marketable Securities
Non-marketable Securities	Note 5 Non-marketable Securities The carrying balance of non-marketable securities are summarized as follows as of the dates indicated: December 31, 2024 December 31, 2023 Federal Reserve Bank stock $ 24,062 $ 24,062 Federal Home Loan Bank stock 3,922 16,828 Convertible preferred stock 20,508 25,000 Equity method investments 27,970 24,587 Total $ 76,462 $ 90,477 Non-marketable securities included FRB stock, FHLB stock, convertible preferred stock and equity method investments. During the year ended December 31, 2024, purchases of non-marketable securities totaled $44.9 million, and proceeds from redemptions and sales of non-marketable securities totaled $57.5 million. During the year ended December 31, 2023, purchases of non-marketable securities totaled $106.2 million, and proceeds from redemptions and sales of non-marketable securities totaled $100.0 million. Purchases consisted primarily of FHLB stock, and proceeds consisted primarily of redemptions of FHLB stock. Changes in the Company’s FHLB stock holdings were directly correlated to FHLB line of credit advances and paydowns. FRB and FHLB stock At December 31, 2024 and December 31, 2023, the Company held FRB stock and FHLB stock for regulatory or debt facility purposes. These are restricted securities which, lacking a market, are carried at cost. There have been no identified events or changes in circumstances that may have an adverse effect on the FRB and FHLB stock carried at cost. Convertible preferred stock Non-marketable securities include convertible preferred stock without a readily determinable fair value. During the years ended December 31, 2024 and 2023, the Company purchased $0.4 million of convertible preferred stock. During the year ended December 31, 2024, convertible preferred stock was redeemed upon the sale of a single investment position that totaled $1.0 million, which generated realized gains of $0.1 million recorded in other non-interest income in the Company’s consolidated statements of operations. The Company recorded $3.9 million of impairment during the year ended December 31, 2024, compared to $4.0 million during 2023, on convertible preferred stock related to venture capital investments, included in other non-interest income in the Company’s consolidated statements of operations. Equity method investments Non-marketable securities also include equity method investments totaling $26.2 million and $24.6 million at December 31, 2024 and December 31, 2023, respectively, and equity method investments without a readily determinable fair value totaling $1.8 million and zero at December 31, 2024 and December 31, 2023, respectively. Purchases of equity method investments during the years ended December 31, 2024 and 2023 totaled $1.5 million and $3.6 million, respectively. During the years ended December 31, 2024 and 2023, the Company recorded net unrealized gains on equity method investments totaling $1.0 million and net unrealized losses totaling $35 thousand, respectively. These gains and losses were recorded in other non-interest income in the Company’s consolidated statements of operations. Carrying values of equity method investments without a readily determinable fair value are updated periodically and impairments may be taken to reflect a new basis. The Company recorded no impairment related to equity method investments without a readily determinable fair value for the years ended December 31, 2024 or 2023.

Loans

Loans	12 Months Ended
Loans	Dec. 31, 2024
Loans
Loans	Note 6 Loans The loan portfolio is comprised of loans originated by the Company and loans that were acquired in connection with the Company’s acquisitions. The tables below show the loan portfolio composition including carrying value by segment as of the dates shown. The carrying value of loans is net of discounts, fees, costs and fair value marks of $30.1 million and $33.6 million at December 31, 2024 and 2023, respectively. December 31, 2024 Total loans % of total Commercial $ 4,670,430 60.2% Commercial real estate non-owner occupied 1,812,338 23.4% Residential real estate 1,253,838 16.2% Consumer 14,537 0.2% Total $ 7,751,143 100.0% December 31, 2023 Total loans % of total Commercial $ 4,499,035 58.4% Commercial real estate non-owner occupied 1,856,750 24.1% Residential real estate 1,323,787 17.2% Consumer 19,186 0.3% Total $ 7,698,758 100.0% Information about delinquent and non-accrual loans is shown in the following tables at December 31, 2024 and 2023: December 31, 2024 Greater 30-89 days than 90 days Total past past due and past due and Non-accrual due and accruing accruing loans non-accrual Current Total loans Commercial: Commercial and industrial $ 20,290 $ 5,492 $ 21,950 $ 47,732 $ 1,948,093 $ 1,995,825 Municipal and non-profit — — — — 1,107,142 1,107,142 Owner occupied commercial real estate 1,611 9,447 195 11,253 1,252,891 1,264,144 Food and agribusiness — — 587 587 302,732 303,319 Total commercial 21,901 14,939 22,732 59,572 4,610,858 4,670,430 Commercial real estate non-owner occupied: Construction — — — — 250,335 250,335 Acquisition/development — — — — 82,862 82,862 Multifamily — — — — 320,781 320,781 Non-owner occupied 158 — 5,971 6,129 1,152,231 1,158,360 Total commercial real estate non-owner occupied 158 — 5,971 6,129 1,806,209 1,812,338 Residential real estate: Senior lien 952 — 6,747 7,699 1,161,568 1,169,267 Junior lien 133 — 505 638 83,933 84,571 Total residential real estate 1,085 — 7,252 8,337 1,245,501 1,253,838 Consumer 20 1 39 60 14,477 14,537 Total loans $ 23,164 $ 14,940 $ 35,994 $ 74,098 $ 7,677,045 $ 7,751,143 December 31, 2024 Non-accrual loans Non-accrual loans with a related with no related allowance for allowance for Non-accrual credit loss credit loss loans Commercial: Commercial and industrial $ 12,746 $ 9,204 $ 21,950 Owner occupied commercial real estate 195 — 195 Food and agribusiness 1 586 587 Total commercial 12,942 9,790 22,732 Commercial real estate non-owner occupied: Non-owner occupied 5,971 — 5,971 Total commercial real estate non-owner occupied 5,971 — 5,971 Residential real estate: Senior lien 3,319 3,428 6,747 Junior lien 505 — 505 Total residential real estate 3,824 3,428 7,252 Consumer 39 — 39 Total loans $ 22,776 $ 13,218 $ 35,994 December 31, 2023 Greater 30-89 days than 90 days Total past past due and past due and Non-accrual due and accruing accruing loans non-accrual Current Total loans Commercial: Commercial and industrial $ 9,179 $ — $ 2,250 $ 11,429 $ 1,955,480 $ 1,966,909 Municipal and non-profit — — — — 1,083,756 1,083,756 Owner occupied commercial real estate — — 755 755 1,123,018 1,123,773 Food and agribusiness — 12 5,762 5,774 318,823 324,597 Total commercial 9,179 12 8,767 17,958 4,481,077 4,499,035 Commercial real estate non-owner occupied: Construction — — — — 405,250 405,250 Acquisition/development 1,077 — — 1,077 99,019 100,096 Multifamily — — — — 311,770 311,770 Non-owner occupied 60 — 13,472 13,532 1,026,102 1,039,634 Total commercial real estate non-owner occupied 1,137 — 13,472 14,609 1,842,141 1,856,750 Residential real estate: Senior lien 1,410 50 5,488 6,948 1,226,651 1,233,599 Junior lien 375 528 448 1,351 88,837 90,188 Total residential real estate 1,785 578 5,936 8,299 1,315,488 1,323,787 Consumer 131 1 53 185 19,001 19,186 Total loans $ 12,232 $ 591 $ 28,228 $ 41,051 $ 7,657,707 $ 7,698,758 December 31, 2023 Non-accrual loans Non-accrual loans with a related with no related allowance for allowance for Non-accrual credit loss credit loss loans Commercial: Commercial and industrial $ 2,250 $ — $ 2,250 Owner occupied commercial real estate 755 — 755 Food and agribusiness 5,176 586 5,762 Total commercial 8,181 586 8,767 Commercial real estate non-owner occupied: Non-owner occupied 13,472 — 13,472 Total commercial real estate non-owner occupied 13,472 — 13,472 Residential real estate: Senior lien 3,277 2,211 5,488 Junior lien 448 — 448 Total residential real estate 3,725 2,211 5,936 Consumer 53 — 53 Total loans $ 25,431 $ 2,797 $ 28,228 Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. Loans to borrowers experiencing financial difficulties may be modified. Modified loans are discussed in more detail below. There was no interest income recognized from non-accrual loans during the years ended December 31, 2024 and 2023. The Company’s internal risk rating system uses a series of grades, which reflect our assessment of the credit quality of loans based on an analysis of the borrower's financial condition, liquidity and ability to meet contractual debt service requirements and are categorized as “Pass,” “Special mention,” “Substandard” and “Doubtful”. For a description of the general characteristics of the risk grades, refer to note 2 Summary of Significant Accounting Policies. The amortized cost basis and current period gross charge-offs for all loans as determined by the Company’s internal risk rating system and year of origination is shown in the following tables as of and for the years ended December 31, 2024 and 2023: December 31, 2024 Revolving Revolving loans loans Origination year amortized converted 2024 2023 2022 2021 2020 Prior cost basis to term Total Commercial: Commercial and industrial: Pass $ 445,993 $ 181,920 $ 332,246 $ 215,561 $ 51,902 $ 92,115 $ 468,752 $ 2,614 $ 1,791,103 Special mention 8,005 32,319 13,753 17,496 12,915 5,552 16,146 651 106,837 Substandard 13,417 34,320 8,909 21,575 3,011 2,020 8,982 387 92,621 Doubtful 1,250 1,159 1,490 17 975 373 — — 5,264 Total commercial and industrial 468,665 249,718 356,398 254,649 68,803 100,060 493,880 3,652 1,995,825 Gross charge-offs: Commercial and industrial — 2,028 — 26 155 156 — — 2,365 Municipal and non-profit: Pass 116,551 152,183 137,249 217,362 73,399 378,561 29,747 — 1,105,052 Special mention — — — 170 1,920 — — — 2,090 Total municipal and non-profit 116,551 152,183 137,249 217,532 75,319 378,561 29,747 — 1,107,142 Owner occupied commercial real estate: Pass 269,810 205,119 225,766 131,547 83,791 232,653 20,912 8,990 1,178,588 Special mention 430 1,664 13,798 23,482 268 12,744 — — 52,386 Substandard — 7,180 15,266 3,397 1,243 4,759 847 — 32,692 Doubtful — — — — — 478 — — 478 Total owner occupied commercial real estate 270,240 213,963 254,830 158,426 85,302 250,634 21,759 8,990 1,264,144 Gross charge-offs: Owner occupied commercial real estate — — 13 — — — — — 13 Food and agribusiness: Pass 14,727 9,884 68,909 6,587 5,940 33,081 156,113 344 295,585 Special mention — — 4,045 2,898 — 204 — — 7,147 Substandard — — — 586 — 1 — — 587 Total food and agribusiness 14,727 9,884 72,954 10,071 5,940 33,286 156,113 344 303,319 Gross charge-offs: Food and agribusiness — — — — — 2,704 — — 2,704 Total commercial 870,183 625,748 821,431 640,678 235,364 762,541 701,499 12,986 4,670,430 Gross charge-offs: Commercial — 2,028 13 26 155 2,860 — — 5,082 Commercial real estate non-owner occupied: Construction: Pass 55,139 59,137 54,735 33,859 917 — 46,548 — 250,335 Total construction 55,139 59,137 54,735 33,859 917 — 46,548 — 250,335 Acquisition/development: Pass 16,645 4,038 31,028 20,412 1,079 8,110 184 — 81,496 Special mention — — 1,072 — — — — — 1,072 Substandard — — — — — 294 — — 294 Total acquisition/development 16,645 4,038 32,100 20,412 1,079 8,404 184 — 82,862 Multifamily: Pass 1,363 16,470 138,872 70,419 45,700 31,034 853 — 304,711 Special mention 4,159 — 8,091 3,820 — — — — 16,070 Total multifamily 5,522 16,470 146,963 74,239 45,700 31,034 853 — 320,781 Non-owner occupied Pass 68,192 143,857 303,998 143,085 125,374 304,162 11,018 — 1,099,686 Special mention 5,246 1,298 17,272 12,184 — 16,009 — — 52,009 Substandard — — — 5,516 — 694 — — 6,210 Doubtful — — — 455 — — — — 455 Total non-owner occupied 73,438 145,155 321,270 161,240 125,374 320,865 11,018 — 1,158,360 Gross charge-offs: Commercial real estate non-owner occupied — — 293 — — 4,422 — — 4,715 Total commercial real estate non-owner occupied 150,744 224,800 555,068 289,750 173,070 360,303 58,603 — 1,812,338 Gross charge-offs: Commercial real estate non-owner occupied — — 293 — — 4,422 — — 4,715 Residential real estate: Senior lien Pass 66,465 77,136 415,279 280,209 100,990 174,830 46,053 583 1,161,545 Special mention — — — — — 16 — — 16 Substandard 64 663 3,422 700 394 2,270 — — 7,513 Doubtful — — 172 — — 21 — — 193 Total senior lien 66,529 77,799 418,873 280,909 101,384 177,137 46,053 583 1,169,267 Junior lien Pass 6,870 3,498 4,614 1,789 1,964 5,488 59,331 311 83,865 Special mention — — — — — 27 — — 27 Substandard 44 — 240 — 89 134 172 — 679 Total junior lien 6,914 3,498 4,854 1,789 2,053 5,649 59,503 311 84,571 Total residential real estate 73,443 81,297 423,727 282,698 103,437 182,786 105,556 894 1,253,838 Consumer Pass 4,557 1,994 1,443 942 528 169 4,795 71 14,499 Substandard — — — — — 38 — — 38 Total consumer 4,557 1,994 1,443 942 528 207 4,795 71 14,537 Gross charge-offs: Consumer 877 23 30 3 — 48 — — 981 Total loans $ 1,098,927 $ 933,839 $ 1,801,669 $ 1,214,068 $ 512,399 $ 1,305,837 $ 870,453 $ 13,951 $ 7,751,143 Gross charge-offs: Total loans 877 2,051 336 29 155 7,330 — — 10,778 December 31, 2023 Revolving Revolving loans loans Origination year amortized converted 2023 2022 2021 2020 2019 Prior cost basis to term Total Commercial: Commercial and industrial: Pass $ 348,103 $ 396,618 $ 271,201 $ 87,234 $ 41,261 $ 106,711 $ 563,924 $ 31,620 $ 1,846,672 Special mention 4,775 12,259 31,895 20,340 2,202 683 18,344 3,470 93,968 Substandard 13,729 4,555 4,248 1,314 179 347 910 — 25,282 Doubtful 600 — — 387 — — — — 987 Total commercial and industrial 367,207 413,432 307,344 109,275 43,642 107,741 583,178 35,090 1,966,909 Gross charge-offs: Commercial and industrial — 12 215 — 47 3 — — 277 Municipal and non-profit: Pass 139,591 140,626 246,088 82,590 53,460 389,867 31,534 — 1,083,756 Total municipal and non-profit 139,591 140,626 246,088 82,590 53,460 389,867 31,534 — 1,083,756 Owner occupied commercial real estate: Pass 236,897 275,644 181,472 97,523 86,761 163,997 18,281 — 1,060,575 Special mention 2,074 19,191 7,808 — 2,650 27,653 — — 59,376 Substandard — 515 1,732 — 687 234 — — 3,168 Doubtful — 6 — — — 648 — — 654 Total owner occupied commercial real estate 238,971 295,356 191,012 97,523 90,098 192,532 18,281 — 1,123,773 Food and agribusiness: Pass 16,917 69,212 14,159 15,379 10,417 34,592 149,125 51 309,852 Special mention — — 4,646 — — 3,724 450 — 8,820 Substandard — — 586 — — 180 1,786 — 2,552 Doubtful — — — — — — 3,373 — 3,373 Total food and agribusiness 16,917 69,212 19,391 15,379 10,417 38,496 154,734 51 324,597 Total commercial 762,686 918,626 763,835 304,767 197,617 728,636 787,727 35,141 4,499,035 Gross charge-offs: Commercial — 12 215 — 47 3 — — 277 Commercial real estate non-owner occupied: Construction: Pass 43,385 190,826 59,477 63,486 1,006 — 47,070 — 405,250 Total construction 43,385 190,826 59,477 63,486 1,006 — 47,070 — 405,250 Acquisition/development: Pass 13,228 39,000 21,011 5,992 597 8,814 7,416 2,961 99,019 Special mention — 1,077 — — — — — — 1,077 Total acquisition/development 13,228 40,077 21,011 5,992 597 8,814 7,416 2,961 100,096 Multifamily: Pass 16,450 113,936 92,574 16,938 39,371 31,671 830 — 311,770 Total multifamily 16,450 113,936 92,574 16,938 39,371 31,671 830 — 311,770 Non-owner occupied Pass 116,168 241,563 172,042 91,188 124,291 236,694 6,694 — 988,640 Special mention — — — 21,268 3,876 2,489 — — 27,633 Substandard — — — — — 19,848 — — 19,848 Doubtful — — — 280 — 3,233 — — 3,513 Total non-owner occupied 116,168 241,563 172,042 112,736 128,167 262,264 6,694 — 1,039,634 Total commercial real estate non-owner occupied 189,231 586,402 345,104 199,152 169,141 302,749 62,010 2,961 1,856,750 Residential real estate: Senior lien Pass 87,608 434,963 316,080 112,582 42,752 183,890 48,462 94 1,226,431 Special mention — — — — — 515 — — 515 Substandard 1,555 1,119 740 415 620 2,167 — — 6,616 Doubtful — — — — — 37 — — 37 Total senior lien 89,163 436,082 316,820 112,997 43,372 186,609 48,462 94 1,233,599 Gross charge-offs: Senior lien — — — — — 48 — — 48 Junior lien Pass 4,920 4,464 1,712 2,947 2,270 4,729 66,441 684 88,167 Special mention — — — — — 27 249 — 276 Substandard 263 149 236 758 — 339 — — 1,745 Total junior lien 5,183 4,613 1,948 3,705 2,270 5,095 66,690 684 90,188 Total residential real estate 94,346 440,695 318,768 116,702 45,642 191,704 115,152 778 1,323,787 Gross charge-offs: Residential real estate — — — — — 48 — — 48 Consumer Pass 5,945 3,330 2,233 997 244 410 5,947 27 19,133 Substandard — — — — — 50 3 — 53 Total consumer 5,945 3,330 2,233 997 244 460 5,950 27 19,186 Gross charge-offs: Consumer 1,225 13 1 2 1 8 — — 1,250 Total loans $ 1,052,208 $ 1,949,053 $ 1,429,940 $ 621,618 $ 412,644 $ 1,223,549 $ 970,839 $ 38,907 $ 7,698,758 Gross charge-offs: Total loans 1,225 25 216 2 48 59 — — 1,575 Loans evaluated individually We evaluate loans individually when they no longer share risk characteristics with pooled loans. These loans include loans on non-accrual status, loans in bankruptcy, and modified loans as described below. If a specific allowance is warranted based on the borrower’s overall financial condition, the specific allowance is calculated based on discounted expected cash flows using the loan’s initial contractual effective interest rate or the fair value of the collateral less selling costs for collateral-dependent loans. 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. Management individually evaluates collateral-dependent loans with an amortized cost basis of $250 thousand or more and includes collateral-dependent loans less than $250 thousand within the general allowance population. The amortized cost basis of collateral-dependent loans over $250 thousand was as follows at December 31, 2024 and 2023: December 31, 2024 Total amortized Real property Business assets cost basis Commercial: Commercial and industrial $ 6,281 $ 4,924 $ 11,205 Owner occupied commercial real estate 1,343 — 1,343 Food and agribusiness 586 — 586 Total commercial 8,210 4,924 13,134 Commercial real estate non-owner occupied: Non-owner occupied 5,971 — 5,971 Total commercial real estate non-owner occupied 5,971 — 5,971 Residential real estate: Senior lien 5,075 — 5,075 Junior lien 222 — 222 Total residential real estate 5,297 — 5,297 Total loans $ 19,478 $ 4,924 $ 24,402 December 31, 2023 Total amortized Real property Business assets cost basis Commercial: Commercial and industrial $ 1,946 $ 220 $ 2,166 Owner occupied commercial real estate 1,883 — 1,883 Food and agribusiness 586 5,159 5,745 Total commercial 4,415 5,379 9,794 Commercial real estate non-owner occupied: Non-owner occupied 19,993 — 19,993 Total commercial real estate non-owner occupied 19,993 — 19,993 Residential real estate: Senior lien 2,661 — 2,661 Total residential real estate 2,661 — 2,661 Total loans $ 27,069 $ 5,379 $ 32,448 Loan modifications The Company’s policy is to review each prospective credit to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying a loan to provide a concession by the Company to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. The Company considers loans to borrowers experiencing financial difficulties, where such a concession is utilized, to be TDMs. TDMs may include principal forgiveness, interest rate reductions, other-than-insignificant-payment delays, term extensions or any combination thereof. The following schedules present, by loan class, the amortized cost basis for loans to borrowers experiencing financial difficulty that remain outstanding and were modified during the years ended December 31, 2024 and 2023: As of and for the year ended December 31, 2024 Combination - interest rate Combination - term extension Term extension Payment delay reduction and term extension and payment delay Amortized % of loan Amortized % of loan Amortized % of loan Amortized % of loan cost basis class cost basis class cost basis class cost basis class Commercial: Commercial and industrial $ 1,488 0.1% $ 10,429 0.5% $ — 0.0% $ — 0.0% Owner occupied commercial real estate — 0.0% 1,664 0.1% — 0.0% — 0.0% Total commercial 1,488 0.0% 12,093 0.3% — 0.0% — 0.0% Commercial real estate non-owner occupied: Non-owner occupied 164 0.0% — 0.0% — 0.0% — 0.0% Total commercial real estate non-owner occupied 164 0.0% — 0.0% — 0.0% — 0.0% Residential real estate: Senior lien — 0.0% 851 0.1% 21 0.0% 382 0.0% Junior lien — 0.0% — 0.0% 44 0.1% — 0.0% Total residential real estate — 0.0% 851 0.1% 65 0.0% 382 0.0% Total loans $ 1,652 0.0% $ 12,944 0.2% $ 65 0.0% $ 382 0.0% As of and for the year ended December 31, 2023 Term extension Payment delay Amortized % of loan Amortized % of loan cost basis class cost basis class Commercial: Commercial and industrial $ — 0.0% $ 8,936 0.5% Total commercial — 0.0% 8,936 0.2% Commercial real estate non-owner occupied: Non-owner occupied 18,770 1.8% — 0.0% Total commercial real estate non-owner occupied 18,770 1.0% — 0.0% Residential real estate: Senior lien 652 0.1% — 0.0% Junior lien 263 0.3% — 0.0% Total residential real estate 915 0.1% — 0.0% Total loans $ 19,685 0.3% $ 8,936 0.1% The following schedules present, by loan class, the payment status of loans that have been modified in the last twelve months as of December 31, 2024 and 2023 on an amortized cost basis: December 31, 2024 Current 30-89 days past due 90+ days past due Non-accrual Commercial: Commercial and industrial $ 9,067 $ — $ 2,851 $ — Owner occupied commercial real estate 1,664 — — — Total commercial 10,731 — 2,851 — Commercial real estate non-owner occupied: Non-owner occupied 164 — — — Total commercial real estate non-owner occupied 164 — — — Residential real estate: Senior lien 871 — — 382 Junior lien — — — 44 Total residential real estate 871 — — 426 Total loans $ 11,766 $ — $ 2,851 $ 426 December 31, 2023 Current 30-89 days past due 90+ days past due Non-accrual Commercial: Commercial and industrial $ 8,936 $ — $ — $ — Total commercial 8,936 — — — Commercial real estate non-owner occupied: Non-owner occupied 5,298 — — 13,472 Total commercial real estate non-owner occupied 5,298 — — 13,472 Residential real estate: Senior lien 652 — — — Junior lien 263 Total residential real estate 915 — — — Total loans $ 15,149 $ — $ — $ 13,472 Accrual of interest is resumed on loans that were previously on non-accrual only after the loan has performed sufficiently for a period of time. During the year ended December 31, 2024, the Company had TDMs with amortized costs totaling $3.2 million that were modified within the past 12 months that defaulted on their modified terms. One TDM utilized a payment delay. The other loan utilized a combination of a term extension and payment delay. During the year ended December 31, 2023, the Company had one TDM with an amortized cost totaling million that was modified within the past 12 months, utilizing a term extension, that defaulted on its modified terms. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due on principal or interest. The allowance for credit losses related to TDMs on non-accrual status is determined by individual evaluation, including collateral adequacy, using the same process as loans on non-accrual status which are not classified as TDMs. The following schedules present the financial effect of the modifications made to borrowers experiencing financial difficulty as of and for the periods indicated: As of and for the year ended December 31, 2024 Financial effect Term extension Payment delay Combination - Interest rate reduction and Term extension Combination - Term extension and Payment delay Commercial: Commercial and industrial Extended a weighted average of 0.5 years to the life of loans Delayed payments for a weighted average of 0.4 years Owner occupied commercial real estate Delayed payments for a weighted average of 0.5 years Commercial real estate non-owner occupied: Non-owner occupied Extended a weighted average of 7.5 years to the life of loans Residential real estate: Senior lien Delayed payments for a weighted average of 0.3 years Reduced weighted average contractual interest rate by 1.5% and extended a weighted average of 11 years to the life of loans Extended a weighted average of 0.7 years to the life of loans and delayed payments for a weighted average of 0.7 years Junior lien Reduced weighted average contractual interest rate by 1.1% and extended a weighted average of 10 years to the life of loans As of and for the year ended December 31, 2023 Financial effect Term extension Payment delay Combination - Interest rate reduction and Term extension Commercial: Commercial and industrial Delayed payments for a weighted average of 0.5 years Commercial real estate non-owner occupied: Non-owner occupied Extended a weighted average of 0.3 years to the life of loans Residential real estate: Senior lien Reduced weighted average contractual interest rate by 2.5% and extended a weighted average life of 30 years Junior lien Extended a weighted average of 1.3 years to the life of loans

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
Allowance for Credit Losses	Dec. 31, 2024
Allowance for Credit Losses
Allowance for Credit Losses	Note 7 Allowance for Credit Losses The tables below detail the Company’s allowance for credit losses as of the dates shown: Year ended December 31, 2024 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 45,304 $ 32,665 $ 19,550 $ 428 $ 97,947 Charge-offs (5,082) (4,715) — (981) (10,778) Recoveries 493 7 97 359 956 Provision expense (release) for credit losses 7,837 (1,821) (221) 535 6,330 Ending balance $ 48,552 $ 26,136 $ 19,426 $ 341 $ 94,455 Year ended December 31, 2023 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 37,608 $ 32,050 $ 19,306 $ 589 $ 89,553 Charge-offs (277) — (48) (1,250) (1,575) Recoveries 290 3 26 125 444 Provision expense for credit losses 7,683 612 266 964 9,525 Ending balance $ 45,304 $ 32,665 $ 19,550 $ 428 $ 97,947 In evaluating the loan portfolio for an appropriate ACL level, excluding loans evaluated individually, loans were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of developing the underlying data used within the discounted cash flow model including, but not limited to, prepayment and recovery rates as well as loss rates tied to macro-economic conditions within management’s reasonable and supportable forecast. The ACL also includes subjective adjustments based upon qualitative risk factors including asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results. At December 31, 2024 and 2023, the allowance for credit losses totaled $94.5 million and $97.9 million, respectively. The decrease during 2024 was driven by the resolution of non-performing loans and changes in the CECL model’s underlying macro-economic forecast. Net charge-offs on loans during the year ended December 31, 2024 were $9.8 million. The Company recorded an increase in the allowance for credit losses of $8.4 million during the year ended December 31, 2023, driven by loan growth and an increase in specific reserves. Net charge-offs on loans during the year ended December 31, 2023 were $1.1 million. The Company has elected to exclude AIR from the allowance for credit losses calculation. As of December 31, 2024 and December 31, 2023, AIR from loans totaled $41.5 million and $42.4 million, respectively.

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2024
Leases
Leases	Note 8 Leases Right-of-use lease assets totaled $25.9 million and $29.1 million as of December 31, 2024 and 2023, respectively, and were included in other assets in the consolidated statements of financial condition. The related lease liabilities totaled $28.9 million and $32.1 million as of December 31, 2024 and 2023, respectively, and were included in other liabilities in the consolidated statements of financial condition. The Company has operating leases for banking centers, corporate offices and ATM locations, with remaining lease terms ranging from one Rent expense totaled $6.2 million and $6.1 million for the years ended December 31, 2024 and 2023, respectively, and was recorded within occupancy and equipment in the consolidated statements of operations. Lease payments do not include non-lease components such as real estate taxes, insurance and common area maintenance. Below is a summary of undiscounted future minimum lease payments as of December 31, 2024: Years ending December 31, Amount 2025 $ 5,425 2026 4,109 2027 3,790 2028 3,412 2029 2,829 Thereafter 17,931 Total lease payments 37,496 Less: Imputed interest (8,558) Present value of operating lease liabilities $ 28,938

Premises and Equipment

Premises and Equipment	12 Months Ended
Premises and Equipment	Dec. 31, 2024
Premises and Equipment
Premises and Equipment	Note 9 Premises and Equipment Premises and equipment consisted of the following at December 31, 2024 and 2023: December 31, 2024 December 31, 2023 Land $ 43,720 $ 40,079 Buildings and improvements 122,905 114,006 Equipment and software 144,956 113,496 Total premises and equipment, at cost 311,581 267,581 Less: accumulated depreciation and amortization (114,808) (104,848) Premises and equipment, net $ 196,773 $ 162,733 The Company recorded $9.4 million, $10.0 million and $8.4 million of depreciation expense during 2024, 2023 and 2022, respectively, as a component of occupancy and equipment expense in the consolidated statements of operations. The Company disposed of $3.0 million, $2.3 million and $7.0 million of premises and equipment, net, during 2024, 2023 and 2022, respectively. The Company recorded gains totaling $0.6 million and $0.1 million on sale of premises and equipment during the years ended December 31, 2024 and 2023, respectively, within other non-interest income in the consolidated statements of operations. During 2024, the Company recognized $1.0 million of impairment included in other non-interest expense in the consolidated statements of operations related to the consolidation of three banking centers. During 2023, the Company recognized $0.2 million of impairment included in non-interest expense in its consolidated statements of operations from the consolidation of five banking centers classified as held-for-sale totaling $13.4 million. During 2022, the Company had no impairment related to premises and equipment.

Other Real Estate Owned

Other Real Estate Owned	12 Months Ended
Other Real Estate Owned	Dec. 31, 2024
Other Real Estate Owned
Other Real Estate Owned	Note 10 Other Real Estate Owned A summary of the activity in OREO during 2024 and 2023 is as follows: For the years ending December 31, 2024 2023 Beginning balance $ 4,088 $ 3,731 Transfers from loan portfolio, at fair value 427 1,207 Impairments — (249) Sales (3,853) (601) Ending balance $ 662 $ 4,088 During the years ended December 31, 2024 and 2023, the Company sold OREO properties with net book balances of $3.9 million and $0.6 million, respectively. Sales of OREO properties resulted in net losses of $0.4 million and $20 thousand which were included within other non-interest expense in the consolidated statements of operations for the years ended December 31, 2024 and 2023, respectively. During the year ended December 31, 2023, impairments totaled $0.2 million recorded within other non-interest expense in the consolidated statements of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2024
Goodwill and Intangible Assets
Goodwill and Intangible Assets	Note 11 Goodwill and Intangible Assets Goodwill and other intangible assets In connection with our acquisitions, the Company’s goodwill was $306.0 million as of December 31, 2024 and 2023. Goodwill is measured as the excess of the fair value of consideration paid over the fair value of net assets acquired. No goodwill impairment was recorded during the years ended December 31, 2024 or December 31, 2023. The gross carrying amount of other intangible assets and the associated accumulated amortization at December 31, 2024 and December 31, 2023, are presented as follows: December 31, 2024 December 31, 2023 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount Core deposit intangible $ 91,566 $ (55,417) $ 36,149 $ 91,566 $ (50,095) $ 41,471 Customer relationship intangible 17,000 (4,024) 12,976 17,000 (1,867) 15,133 Acquired technology intangible 2,300 (690) 1,610 2,300 (230) 2,070 Total $ 110,866 $ (60,131) $ 50,735 $ 110,866 $ (52,192) $ 58,674 The Company is amortizing intangibles from acquisitions over a weighted average period of 9.8 years from the date of the respective acquisitions. The core deposit and customer relationship intangibles are being amortized over a weighted average period The following table shows the estimated future amortization expense during the next five years for other intangible assets as of December 31, 2024: Years ending December 31, Amount 2025 $ 7,786 2026 7,664 2027 7,542 2028 6,142 2029 5,790 Servicing Rights Mortgage servicing rights MSRs represent rights to service loans originated by the Company and sold to government-sponsored enterprises including FHLMC, FNMA, GNMA and FHLB and are included in other assets in the consolidated statements of financial condition. Mortgage loans serviced for others were $0.5 billion at December 31, 2024 and 2023. Below are the changes in the MSRs for the years presented: For the years ending December 31, 2024 2023 Beginning balance $ 4,911 $ 9,162 Originations 404 1,183 Sales — (4,664) Recovery 61 5 Amortization (541) (775) Ending balance 4,835 4,911 Fair value of mortgage servicing rights $ 7,451 $ 7,124 During the year ended December 31, 2023, the Company sold rights to service loans totaling $486.7 million in unpaid principal balances from our mortgage servicing rights portfolio. As a result of the sale, the book value of our mortgage servicing right intangible decreased $4.7 million and generated a gain of $1.1 million included in mortgage banking income in the consolidated statements of operations. The fair value of MSRs was determined based upon a discounted cash flow analysis. The cash flow analysis included assumptions for discount rates and prepayment speeds. The discount rate ranged from 10.0% to 10.5%, and the constant prepayment speed ranged from 6.0% to 10.3% for the December 31, 2024 valuation. For the December 31, 2023 valuation, the discount rate ranged from 10.0% to 10.5%, and the constant prepayment speed ranged from 6.5% to 15.8%. Included in mortgage banking income in the consolidated statements of operations was servicing income of $1.5 million and $2.4 million for the years ended December 31, 2024 and 2023, respectively. MSRs are evaluated and impairment is recognized to the extent fair value is less than the carrying amount. The Company evaluates impairment by stratifying MSRs based on the predominant risk characteristics of the underlying loans, including loan type and loan term. The Company is amortizing the MSRs in proportion to and over the period of the estimated net servicing income of the underlying loans. The following table shows the estimated future amortization expense during the next five years for the MSRs as of December 31, 2024: Years ending December 31, Amount 2025 $ 537 2026 477 2027 424 2028 377 2029 335 SBA servicing asset The SBA servicing asset represents the value associated with servicing small business real estate loans that have been sold to outside investors with servicing retained. The SBA servicing asset is evaluated and impairment is recognized to the extent fair value is less than the carrying amount. The Company evaluates impairment by stratifying the SBA servicing asset based on the predominant risk characteristics of the underlying loans, including loan type and loan term. The Company is amortizing the SBA servicing asset in proportion to and over the period of the estimated net servicing income of the underlying loans. The Company serviced $132.0 million and $108.8 million of SBA loans that have been sold into the secondary market, as of December 31, 2024 and 2023, respectively. The Company recognized SBA servicing asset fee income of $0.3 million and $0.9 million during the years ended December 31, 2024 and 2023, respectively. Below are the changes in the SBA servicing asset for the years presented: For the year ended December 31, 2024 2023 Beginning balance $ 2,440 $ 2,666 Originations 1,150 358 Disposals (569) (353) Recovery (impairment) 124 (75) Amortization (283) (156) Ending balance 2,862 2,440 Fair value of mortgage servicing rights $ 2,862 $ 2,440 The Company uses assumptions and estimates in determining the fair value of the SBA servicing asset. These assumptions include prepayment speeds, discount rates, and other assumptions. The assumptions used in the valuation were based on input from buyers, brokers and other qualified personnel, as well as market knowledge. For the years ended December 31, 2024 and 2023, the key assumptions used to determine the fair value of the Company’s SBA servicing asset included a weighted average lifetime constant prepayment rate equal to 15.7% and 14.7%, respectively, and a weighted average discount rate equal to 10.4% and 12.3%, respectively.

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2024
Deposits
Deposits	Note 12 Deposits Total deposits were $8.2 billion at December 31, 2024 and 2023. Time deposits were $1.0 billion at December 31, 2024 and 2023. The following table summarizes the Company’s time deposits by remaining contractual maturity: Years ending December 31, Amount 2025 $ 822,644 2026 123,415 2027 53,647 2028 17,145 2029 2,691 Thereafter 494 Total time deposits $ 1,020,036 The Company incurred interest expense on deposits as follows during the years indicated: For the years ended December 31, 2024 2023 2022 Interest bearing demand deposits $ 39,938 $ 26,984 $ 2,163 Money Market accounts 105,688 57,028 5,808 Savings accounts 6,057 3,945 1,376 Time deposits 34,509 21,421 5,249 Total $ 186,192 $ 109,378 $ 14,596 The Federal Reserve System requires cash balances to be maintained at the FRB based on certain deposit levels. At December 31, 2024, the Banks held sufficient cash on hand with the FRB to have met minimum requirements, and as such, no additional reserve was required. The aggregate amount of certificates of deposit in denominations that meet or exceed the FDIC insurance limit of $250 thousand was $288.3 million and $289.3 million at December 31, 2024 and 2023, respectively.

Borrowings

Borrowings	12 Months Ended
Borrowings	Dec. 31, 2024
Borrowings
Borrowings	Note 13 Borrowings Borrowings consist of securities sold under agreements to repurchase, long-term debt and FHLB advances. Securities sold under agreements to repurchase The following table sets forth selected information regarding repurchase agreements during 2024, 2023 and 2022: As of and for the years ended December 31, 2024 2023 2022 Maximum amount of outstanding agreements at any month end during the period $ 22,771 $ 23,768 $ 25,342 Average amount outstanding during the period 17,973 19,346 21,298 Weighted average interest rate for the period 0.12% 0.11% 0.20% The Company enters into repurchase agreements to facilitate the needs of its clients. As of December 31, 2024, 2023 and 2022, the Company sold securities under agreements to repurchase totaling $18.9 million, $19.6 million and $20.2 million, respectively. The Company pledged mortgage-backed securities with a fair value of approximately $31.3 million, $30.4 million and $32.0 million, as of December 31, 2024, 2023 and 2022, respectively, for these agreements. The Company monitors collateral levels on a continuous basis and may be required to provide additional collateral based on the fair value of the underlying securities. As of December 31, 2024, 2023 and 2022, the Company had The vast majority of the Company’s repurchase agreements are overnight transactions with clients that mature the day after the transaction. At December 31, 2024, 2023 and 2022, none of the Company’s repurchase agreements were for periods longer than one day. The repurchase agreements are subject to a master netting arrangement; however, the Company has not offset any of the amounts shown in the consolidated financial statements. Federal Home Loan Bank advances As a member of the FHLB, the Banks have access to a line of credit and term financing from the FHLB with total available credit of $1.7 billion at December 31, 2024. The Banks may utilize the FHLB line of credit as a funding mechanism for originated loans and loans held for sale. At December 31, 2024 and 2023, the Banks had $50.0 million and $340.0 million, respectively, of outstanding borrowings with the FHLB. The Banks may pledge investment securities and loans as collateral for FHLB advances. There were no investment securities pledged for FHLB advances at December 31, 2024 or 2023. Loans pledged were $2.6 billion for both December 31, 2024 and 2023. The Company incurred $4.6 million and $22.0 million of interest expense related to FHLB advances and other short-term borrowings for the years ended December 31, 2024 and 2023, respectively. Long-term debt The Company holds a subordinated note purchase agreement to issue and sell a fixed-to-floating rate note totaling $40.0 million. The balance on the note at December 31, 2024, net of long-term debt issuance costs totaling $0.2 million, totaled $39.8 million. The balance on the note at December 31, 2023, net of long-term debt issuance costs totaling $0.3 million, totaled $39.7 million. Interest expense totaling $1.2 million was recorded in the consolidated statements of operations during the years ended December 31, 2024 and 2023. The note is subordinated, unsecured and matures on November 15, 2031. Payments consist of interest only. Interest expense on the note is payable semi-annually in arrears and will bear interest at 3.00% per annum until November 15, 2026 (or any earlier redemption date). From November 15, 2026 until November 15, 2031 (or any earlier redemption date) payments will be made quarterly in arrears, and the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month term SOFR plus 203 basis points. The Company deployed the net proceeds from the sale of the note for general corporate purposes. Prior to November 5, 2026, the Company may redeem the note only under certain limited circumstances. Beginning on November 5, 2026 through maturity, the note may be redeemed, at the Company’s option, on any scheduled interest payment date. Any redemption by the Company would be at a redemption price equal to 100% of the principal amount of the note being redeemed, together with any accrued and unpaid interest on the note being redeemed up to but excluding the date of redemption. The note is not subject to redemption at the option of the holder. As part of the acquisition of BOJH on October 1, 2022, the Company assumed three subordinated note purchase agreements to issue and sell fixed-to-floating rate notes totaling $15.0 million. The balance on the notes at December 31, 2024, net of the fair value adjustment from the acquisition totaling $0.3 million, totaled $14.7 million. The balance on the notes at December 31, 2023, net of the fair value adjustment from the acquisition totaling $0.5 million, totaled $14.5 million. Interest expense related to the notes totaling $0.6 million was recorded in the consolidated statements of operations during the years ended December 31, 2024 and 2023. The three notes, containing similar terms, are subordinated, unsecured and mature on June 15, 2031. Payments consist of interest only. Interest expense on the notes is payable semi-annually in arrears and will bear interest at 3.75% per annum until June 15, 2026 (or any earlier redemption date). From June 15, 2026 until June 15, 2031 (or any earlier redemption date) payments will be made quarterly in arrears, and the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month term SOFR plus 306 basis points. Prior to June 15, 2026, the Company may redeem the notes only under certain limited circumstances. Beginning on June 15, 2026 through maturity, the notes may be redeemed, at the Company’s option, on any scheduled interest payment date. Any redemption by the Company would be at a redemption price equal to 100% of the principal amount of the notes being redeemed, together with any accrued and unpaid interest on the notes being redeemed up to but excluding the date of redemption. The notes are not subject to redemption at the option of the holder.

Regulatory Capital

Regulatory Capital	12 Months Ended
Regulatory Capital	Dec. 31, 2024
Regulatory Capital
Regulatory Capital	Note 14 Regulatory Capital As a bank holding company that has elected to be treated as a financial holding company, the Company, NBH Bank and Bank of Jackson Hole Trust are subject to regulatory capital adequacy requirements implemented by the Federal Reserve and, for NBH Bank and Bank of Jackson Hole Trust, the FDIC, including maintaining capital positions at the “well-capitalized” level. The federal banking agencies have risk-based capital adequacy regulations intended to provide a measure of capital adequacy that reflects the degree of risk associated with a banking organization’s operations. Under these regulations, assets are assigned to one of several risk categories, and nominal dollar amounts of assets and credit equivalent amounts of off-balance-sheet items are multiplied by a risk-adjustment percentage for the category. Regulatory authorities can initiate certain mandatory actions if the Company, NBH Bank or Bank of Jackson Hole Trust fail to meet the minimum capital requirements, which could have a material effect on our financial statements. Under the Basel III requirements, at December 31, 2024 and 2023, the Company and the Banks met all capital requirements, including the capital conservation buffer of 2.5%. The Company and the Banks had regulatory capital ratios in excess of the levels established for well-capitalized institutions, as detailed in the tables below: December 31, 2024 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated 10.7% $ 1,037,550 N/A N/A 4.0% $ 388,278 NBH Bank 9.5% 921,509 5.0% $ 483,533 4.0% 386,826 Bank of Jackson Hole Trust 31.0% 12,461 5.0% 2,013 4.0% 1,611 Common equity tier 1 risk based capital: Consolidated 13.2% $ 1,037,550 N/A N/A 7.0% $ 550,074 NBH Bank 11.8% 921,509 6.5% $ 508,418 7.0% 547,528 Bank of Jackson Hole Trust 77.2% 12,461 6.5% 1,049 7.0% 1,129 Tier 1 risk based capital ratio: Consolidated 13.2% $ 1,037,550 N/A N/A 8.5% $ 667,947 NBH Bank 11.8% 921,509 8.0% $ 625,746 8.5% 664,855 Bank of Jackson Hole Trust 77.2% 12,461 8.0% 1,291 8.5% 1,371 Total risk based capital ratio: Consolidated 15.1% $ 1,187,514 N/A N/A 10.5% $ 825,111 NBH Bank 13.0% 1,016,471 10.0% $ 782,182 10.5% 821,291 Bank of Jackson Hole Trust 77.3% 12,462 10.0% 1,613 10.5% 1,694 December 31, 2023 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated 9.7% $ 941,369 N/A N/A 4.0% $ 386,775 NBH Bank 8.9% 856,243 5.0% $ 481,685 4.0% 385,348 Bank of Jackson Hole Trust 30.0% 11,609 5.0% 1,936 4.0% 1,549 Common equity tier 1 risk based capital: Consolidated 11.9% $ 941,369 N/A N/A 7.0% $ 554,325 NBH Bank 10.9% 856,243 6.5% $ 512,408 7.0% 551,824 Bank of Jackson Hole Trust 71.2% 11,609 6.5% 1,059 7.0% 1,141 Tier 1 risk based capital ratio: Consolidated 11.9% $ 941,369 N/A N/A 8.5% $ 673,109 NBH Bank 10.9% 856,243 8.0% $ 630,656 8.5% 670,072 Bank of Jackson Hole Trust 71.2% 11,609 8.0% 1,304 8.5% 1,385 Total risk based capital ratio: Consolidated 13.8% $ 1,092,800 N/A N/A 10.5% $ 831,487 NBH Bank 12.1% 952,674 10.0% $ 788,319 10.5% 827,735 Bank of Jackson Hole Trust 71.2% 11,609 10.0% 1,629 10.5% 1,711 (1) Includes the capital conservation buffer of 2.5%.

Revenue from Contracts with Cli

Revenue from Contracts with Clients	12 Months Ended
Revenue from Contracts with Clients	Dec. 31, 2024
Revenue from Contracts with Clients
Revenue from Contracts with Clients	Note 15 Revenue from Contracts with Clients Revenue is recognized when obligations under the terms of a contract with clients are satisfied. Below is the detail of the Company’s revenue from contracts with clients, including service charges and other deposit account related fees, bank card fees and other non-interest income. Other non-interest income includes trust and wealth management fees and Cambr fee income. Service charges and other account-related fees Service charge fees are primarily comprised of monthly service fees, check orders and other deposit account related fees. Other fees include revenue from processing wire transfers, bill pay service, cashier’s checks and other services. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account-related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to clients’ accounts. Bank card fees Bank card fees are primarily comprised of debit card income, ATM fees, merchant services income and other fees. Debit card income is primarily comprised of interchange fees earned whenever the Company’s debit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Bank cardholder uses a non-Bank ATM or a non-Bank cardholder uses a Bank ATM. Merchant services income mainly represents fees charged to merchants to process their debit card transactions. The Company’s performance obligation for bank card fees are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Other non-interest income Trust and wealth management fees The trust and wealth management business offers separately managed investment account solutions and trustee services to clients. Services may include custody of securities, trust investments and wealth management services, directed trusts or fixed income portfolio management and irrevocable life insurance trusts. The Company charges an asset-based fee earned for personal and corporate accounts. Additional fees may include minimum annual fees, fees for additional tax reporting and preparation for irrevocable trust returns or annual flat fees for certain trusts. The performance obligations related to this revenue include items such as performing investment advisory services, custody and record-keeping services, and fund administrative and accounting services. The performance obligations are satisfied upon completion of service and fees are generally a fixed flat rate or based on a percentage of the account’s market value per the contract with the client. These fees are recorded within other non-interest income in the consolidated statements of operations. Cambr fee income Cambr operates a deposit acquisition and processing platform that generates core deposits from accounts offered through third-party embedded finance companies. Cambr’s platform facilitates the movement of embedded finance companies’ client deposits into FDIC-insured accounts at banks within Cambr’s network. Cambr generates fee income by charging a percentage-based fee of the client’s deposit balance placed into the Cambr network. The performance obligation is satisfied upon completion of service, and Cambr fee income is recorded within other non-interest income in the consolidated statements of operations. Other non-interest expense Included within other non-interest expense are gains and losses from OREO sales, which are recognized when the Company meets its performance obligation to transfer title to the buyer. The gain or loss is measured as the excess of the proceeds received compared to the OREO carrying value. Sales proceeds are received in cash at the time of transfer. The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, and non-interest expense in-scope of Topic 606 for the years ended December 31, 2024, 2023 and 2022. For the years ending December 31, 2024 2023 2022 Non-interest income In-scope of Topic 606: Service charges and other account-related fees $ 21,605 $ 22,623 $ 18,772 Bank card fees 18,963 19,636 18,299 Other non-interest income 5,606 4,665 583 Non-interest income (in-scope of Topic 606) 46,174 46,924 37,654 Non-interest income (out-of-scope of Topic 606) 15,057 16,993 29,658 Total non-interest income $ 61,231 $ 63,917 $ 67,312 Non-interest expense In-scope of Topic 606: Other non-interest expense $ (385) $ (20) $ 648 Total revenue in-scope of Topic 606 $ 45,789 $ 46,904 $ 38,302 Contract acquisition costs The Company utilizes the practical expedient which allows entities to expense immediately contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. The Company has not capitalized any contract acquisition costs.

Stock-based Compensation and Be

Stock-based Compensation and Benefits	12 Months Ended
Stock-based Compensation and Benefits	Dec. 31, 2024
Stock-based Compensation and Benefits
Stock-based Compensation and Benefits	Note 16 Stock-based Compensation and Benefits The Company provides stock-based compensation in accordance with shareholder-approved plans. On May 9, 2023, shareholders approved the 2023 Omnibus Incentive Plan (the "2023 Plan"). The 2023 Plan replaces the 2014 Omnibus Incentive Plan (the "Prior Plan"), pursuant to which the Company granted equity awards prior to the approval of the 2023 Plan. Pursuant to the 2023 Plan, the Compensation Committee of the Board of Directors has the authority to grant, from time to time, awards of stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, other stock-based awards, or any combination thereof to eligible persons. As of December 31, 2024, the aggregate number of Class A common stock available for issuance under the 2023 Plan is 1,000,062 shares. Any shares subject to awards under the 2023 Plan will be counted against the amount available for issuance as one share for every one share granted. The 2023 Plan provides for recycling of shares from both the Prior Plan and the 2023 Plan, the terms of which are further described in the Company's Proxy Statement for its 2024 Annual Meeting of Shareholders. Upon an option exercise, it is the Company’s policy to issue shares from treasury stock. To date, the Company has issued stock options, restricted stock and performance stock units under the plans. The Compensation Committee sets the option exercise price at the time of grant, but in no case is the exercise price less than the fair market value of a share of stock at the date of grant. During 2023, the Compensation Committee approved the adoption of the 2023 Equity Unit Incentive Plan (the “2UniFi Plan”), an equity incentive plan with respect to class B units of 2Unifi, LLC, a wholly owned subsidiary of the Company. The 2UniFi Plan provides for the grant of up to 200,000 Class B Units (intended to be in the form of profit interests) to the employees and other service providers of 2UniFi and its affiliates, including the named executive officers of the Company. The 2UniFi Plan is administered by the Managing Member Board of 2UniFi and any grant of Class B units to an executive officer of the Company is subject to the approval of the Company’s Compensation Committee. At December 31, 2024 and 2023, there were 122,000 and 112,000 units outstanding, respectively. The awards vest over a 5 year period with 50% of the awards vesting on the third anniversary of the grant date, and 25% vesting on the fourth and fifth anniversary of the grant date, respectively. At December 31, 2024, there was $0.1 million of total unrecognized compensation cost related to non-vested units under the plan. Stock options The Company issues stock options, which are primarily time-vesting with 1/3 The Company issued no stock options during 2024. Below are the weighted average assumptions used in the Black-Scholes option pricing model to determine fair value of the Company’s stock options granted in 2023 and 2022: 2023 2022 Weighted average fair value $ 9.01 $ 11.14 Weighted average risk-free interest rate (1) 3.57% 2.69% Expected volatility (2) 32.48% 31.16% Expected term (years) (3) 6.05 6.04 Dividend yield (4) 2.99% 2.24% (1) The risk-free rate for the expected term of the options was based on the U.S. Treasury yield curve at the date of grant and based on the expected term. (2) Expected volatility was calculated using historical volatility of the Company’s stock price for a period commensurate with the expected term of the options. (3) The expected term was estimated to be the average of the contractual vesting term and time to expiration. (4) The dividend yield was calculated in accordance with the Company’s dividend policy at the time of grant. The following table summarizes stock option activity for 2024: Weighted average Weighted remaining average contractual Aggregate exercise term in intrinsic Options price years value Outstanding at December 31, 2023 755,546 $ 30.95 5.79 $ 5,270 Granted — — Exercised (177,379) 24.48 Forfeited (14,175) 34.24 Outstanding at December 31, 2024 563,992 32.90 5.37 5,759 Options exercisable at December 31, 2024 472,290 32.36 4.86 5,072 Options vested and expected to vest 558,813 32.88 5.34 5,716 Stock option expense is a component of salaries and benefits in the consolidated statements of operations and totaled $0.3 million, $0.9 million and $0.7 million for 2024, 2023 and 2022, respectively. At December 31, 2024, there was $0.5 million of total unrecognized compensation cost related to non-vested stock options granted under the plans. The cost is expected to be recognized over a weighted average period of 1.2 years. The following table summarizes the Company’s outstanding stock options: Options outstanding Options exercisable Weighted average Number remaining contractual Weighted average Number Weighted average Range of exercise price outstanding life (years) exercise price exercisable exercise price $ 18.00 - 22.99 11,184 0.94 $ 19.43 11,184 $ 19.43 23.00 - 27.99 116,194 5.24 23.15 116,194 23.15 28.00 - 32.99 69,818 3.18 32.63 69,818 32.63 33.00 - 37.99 230,144 5.45 33.84 163,814 33.99 38.00 and above 136,652 6.81 40.84 111,280 40.72 Restricted stock awards The Company issues primarily time-based restricted stock awards that vest over a range of a 1 Performance stock units During the years ended December 31, 2024, 2023 and 2022, the Company granted 79,254, 79,215 , and 51,931 performance stock units in accordance with the 2024 Plan and Prior Plan, respectively. The Company grants performance stock units (“PSU”) which represent initial target awards and do not reflect potential increases or decreases resulting from the final performance results, which are to be determined at the end of the three-year performance period (vesting date). The actual number of shares to be awarded at the end of the performance period will range from 0% - 150% of the initial target awards. For PSU components granted in 2024, one-third of the award is based on the Company’s cumulative earnings per share (EPS target), one-third is based on the Company’s relative return on tangible assets (“ROTA”), and one-third is based on the Company’s cumulative total shareholder return (“TSR”) during the performance period. On the vesting date, the Company’s annual ROTA will be compared to the respective ROTAs of companies comprising the S&P 600 Regional Banks group. The Company’s ranking will be averaged over the measurement period to determine the shares awarded. The fair value of the ROTA award was determined based on the closing stock price of the Company’s common stock on the grant date. On the vesting date, the Company’s TSR will be compared to the respective TSRs of the companies comprising the S&P 600 Regional Banks group at the grant date to determine the shares awarded. The fair value of the TSR target portion of the award was determined using a Monte Carlo Simulation at the grant date. The fair value of the EPS target portion of the award was determined based on the closing stock price of the Company’s common stock on the grant date. The weighted-average grant date fair value per unit, for the awards granted during the year ended December 31, 2024, of the EPS target portion, ROTA target portion and TSR target portion were $35.41, $35.41 and $34.91, respectively. For PSU components granted in 2023 and 2022, sixty percent of the award was based on the Company’s cumulative EPS and forty percent of the award was based on the Company’s cumulative TSR during the performance period. On the vesting date, the Company’s TSR will be compared to the respective TSRs of the companies comprising the KBW Regional Index at the grant date to determine the shares awarded. The following table summarizes restricted stock and performance stock unit activity during 2024 and 2023: Weighted Weighted Restricted average grant- Performance average grant- stock shares date fair value stock units date fair value Unvested at December 31, 2022 165,137 $ 38.28 155,857 $ 33.81 Granted 186,546 31.16 79,215 30.57 Adjustment due to performance — — 18,664 25.94 Vested (101,171) 34.42 (74,142) 26.55 Forfeited (9,928) 36.42 (7,812) 34.58 Unvested at December 31, 2023 240,584 $ 34.47 171,782 $ 34.56 Granted 186,050 35.43 79,254 35.24 Adjustment due to performance — — (530) 35.75 Vested (108,762) 35.85 (46,490) 37.82 Forfeited (25,858) 35.97 (5,752) 32.66 Unvested at December 31, 2024 292,014 $ 34.43 198,264 $ 34.31 As of December 31, 2024, the total unrecognized compensation cost related to the non-vested restricted stock awards and performance stock units totaled $5.1 million and $3.3 million, respectively, and is expected to be recognized over a weighted average period of approximately 1.9 years and 1.8 years, respectively. Expense related to non-vested restricted stock awards totaled $5.1 million, $4.3 million and $3.4 million during 2024, 2023 and 2022, respectively. Expense related to non-vested performance stock units totaled $2.7 million, $2.0 million and $1.9 million during 2024, 2023 and 2022, respectively. Expense related to non-vested restricted stock awards and units is a component of salaries and benefits expense in the Company’s consolidated statements of operations. Employee stock purchase plan The 2014 Employee Stock Purchase Plan (“ESPP”) is intended to be a qualified plan within the meaning of Section 423 of the Internal Revenue Code of 1986 and allows eligible employees to purchase shares of common stock through payroll deductions up to a limit of $25,000 per calendar year and 2,000 shares per offering period. The price an employee pays for shares is 90.0% of the fair market value of Company common stock on the last day of the offering period. The offering periods are the six-month periods commencing on March 1 and September 1 of each year and ending on August 31 and February 28 (or February 29 in the case of a leap year) of each year. There are no vesting or other restrictions on the stock purchased by employees under the ESPP. Under the ESPP, the total number of shares of common stock reserved for issuance totaled 400,000 shares, of which 214,530 were available for issuance at December 31, 2024. Under the ESPP, employees purchased 21,389 shares and 26,563 shares during 2024 and 2023, respectively.

Common Stock

Common Stock	12 Months Ended
Common Stock	Dec. 31, 2024
Common Stock
Common Stock	Note 17 Common Stock The Company had 38,054,482 and 37,784,851 shares of Class A common stock outstanding at December 31, 2024 and 2023, respectively. Additionally, the Company had 292,014 and 240,584 shares outstanding at December 31, 2024 and 2023, respectively, of restricted Class A common stock issued but not yet vested under the 2023 Plan that are not included in shares outstanding until such time that they are vested; however, these shares do have voting and certain dividend rights during the vesting period. On May 9, 2023, the Company’s Board of Directors authorized a new program to repurchase up to $50.0 million of the Company’s stock from time to time in either the open market or through privately negotiated transactions. The remaining authorization under the current program as of December 31, 2024 was $50.0 million.

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2024
Earnings Per Share
Earnings Per Share	Note 18 Earnings Per Share The Company calculates earnings per share under the two-class method, as certain non-vested share awards contain non-forfeitable rights to dividends. As such, these awards are considered securities that participate in the earnings of the Company. Non-vested shares are discussed further in note 16. The Company had 38,054,482 and 37,784,851 shares of Class A common stock outstanding as of December 31, 2024 and 2023, respectively, exclusive of issued non-vested restricted shares. Certain stock options and non-vested restricted shares are potentially dilutive securities, but are not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive for 2024, 2023 and 2022. The following table illustrates the computation of basic and diluted earnings per share for 2024, 2023 and 2022: For the years ended December 31, 2024 2023 2022 Net income $ 118,815 $ 142,048 $ 71,274 Less: income allocated to participating securities (327) (243) (152) Income allocated to common shareholders $ 118,488 $ 141,805 $ 71,122 Weighted average shares outstanding for basic earnings per common share 38,212,304 37,937,579 32,360,005 Dilutive effect of equity awards 206,822 173,629 320,927 Weighted average shares outstanding for diluted earnings per common share 38,419,125 38,111,208 32,680,932 Basic earnings per share $ 3.10 $ 3.74 $ 2.20 Diluted earnings per share 3.08 3.72 2.18 The Company had 563,992, 755,546 and 717,088 outstanding stock options to purchase common stock at weighted average exercise prices of $32.90, $30.95 and $29.79 per share at December 31, 2024, 2023 and 2022, respectively, which have time-vesting criteria, and as such, any dilution is derived only for the timeframe in which the vesting criteria had been met and where the inclusion of those stock options is dilutive. The Company had 490,278, 412,366 and 320,994 unvested restricted shares and performance stock units issued as of December 31, 2024, 2023 and 2022, respectively, which have performance, market and/or time-vesting criteria, and as such, any dilution is derived only for the timeframe in which the vesting criteria had been met and where the inclusion of those restricted shares and units is dilutive.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2024
Income Taxes
Income Taxes	Note 19 Income Taxes Income tax expense attributable to income before taxes was $26.4 million, $33.6 million and $14.9 million for 2024, 2023 and 2022, respectively. (a) Income taxes Total income taxes for 2024, 2023 and 2022 were allocated as follows: For the years ended December 31, 2024 2023 2022 Current expense: U.S. federal $ 19,076 $ 30,319 $ 7,193 State and local 3,502 5,750 1,831 Total current income tax expense 22,578 36,069 9,024 Deferred expense (benefit): U.S. federal 2,993 (1,564) 5,100 State and local 861 (951) 786 Total deferred income tax expense (benefit) 3,854 (2,515) 5,886 Income tax expense $ 26,432 $ 33,554 $ 14,910 (b) Tax Rate Reconciliation The reconciliation between the income tax expenses and the amounts computed by applying the U.S. federal income tax rate to pretax income is as follows: For the years ended December 31, 2024 2023 2022 Income tax at federal statutory rates (21%) $ 30,502 $ 36,876 $ 18,098 State income taxes, net of federal benefits 3,447 3,791 2,067 Non-deductible compensation 579 642 514 Non-deductible acquisition costs — — 427 Tax-exempt loan interest income, net (4,480) (4,437) (5,208) Research and development tax credits (1,600) (2,400) — Bank-owned life insurance income (959) (777) (374) Stock-based compensation (451) (345) (402) Other (606) 204 (212) Income tax expense $ 26,432 $ 33,554 $ 14,910 (c) Significant Components of Deferred Taxes The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are presented below: December 31, 2024 December 31, 2023 Deferred tax assets: Allowance for credit losses $ 22,471 $ 23,685 Net unrealized losses on investment securities 21,864 24,367 Lease liability 6,884 7,764 Accrued compensation 5,479 4,939 Accrued stock-based compensation 2,276 2,116 Net unrealized losses on equity securities 1,845 945 Nonaccrual interest income 1,034 1,083 Net deferred loan fees 919 419 Other reserves 499 434 Excess tax basis of acquired loans over carrying value 401 438 Net operating loss 393 461 Capitalized research and development costs — 1,108 Other 2,391 3,098 Total deferred tax assets 66,456 70,857 Deferred tax liabilities: Intangible assets (13,660) (11,883) Right of use assets (6,459) (7,404) Premises and equipment (4,126) (4,840) Mortgage servicing rights (1,511) (1,702) Excess book basis in partnerships (1,174) (908) Capitalized research and development costs (1,123) — Other (3,098) (2,458) Total deferred tax liabilities (31,151) (29,195) Net deferred tax asset $ 35,305 $ 41,662 At December 31, 2024, the Company had federal and state net operating loss carryovers (“NOLs”) of $1.4 million and $2.9 million, respectively, which are available to offset future taxable income. The federal NOLs expire in varying amounts through 2034, and the state NOLs expire in varying amounts between 2026 and 2035. While these NOLs are subject to certain restrictions on the amount that can be utilized per year, the Company does not expect any tax attribute carryovers to expire before they are utilized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, if any (including the impact of available carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. For the years ended December 31, 2024 and 2023, management believes a valuation allowance on the deferred tax asset is not necessary based on the current and future projected earnings of the Company. The Company has no ASC 740-10 unrecognized tax benefits recorded as of December 31, 2024 and 2023 and does not expect the total amount of unrecognized tax benefits to significantly increase within the next 12 months. The Company and its subsidiary banks are subject to income tax by federal, state and local government taxing authorities. The Company is not currently subject to any open income tax examinations; however, the Company’s tax returns for the years ended December 31, 2021 through 2024 remain subject to examination by U.S. federal income tax authorities. The years open to examination by state and local government authorities vary by jurisdiction.

Derivatives

Derivatives	12 Months Ended
Derivatives	Dec. 31, 2024
Derivatives
Derivatives	Note 20 Derivatives Risk management objective of using derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company has established policies stipulating that neither carrying value nor fair value at risk should exceed established guidelines. The Company has designed strategies to confine these risks within the established limits and identify appropriate trade-offs in the financial structure of its balance sheet. These strategies include the use of derivative financial instruments to help achieve the desired balance sheet repricing structure while meeting the desired objectives of its clients. Currently, the Company employs certain interest rate swaps that are designated as fair value hedges, cash flow hedges and economic hedges. The Company manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. Fair values of derivative instruments on the balance sheet The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the consolidated statements of financial condition as of December 31, 2024 and 2023. Information about the valuation methods used to measure fair value is provided in note 22. Asset derivatives fair value Liability derivatives fair value Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, location 2024 2023 location 2024 2023 Derivatives designated as hedging instruments: Interest rate products Other assets $ 31,864 $ 28,928 Other liabilities $ 1,296 $ 3,400 Total derivatives designated as hedging instruments $ 31,864 $ 28,928 $ 1,296 $ 3,400 Derivatives not designated as hedging instruments: Interest rate products Other assets $ 7,773 $ 8,480 Other liabilities $ 7,780 $ 8,484 Interest rate lock commitments Other assets 282 287 Other liabilities — 5 Forward contracts Other assets 104 — Other liabilities 10 110 Total derivatives not designated as hedging instruments $ 8,159 $ 8,767 $ 7,790 $ 8,599 Cash flow hedges The Company’s objectives in using interest rate derivatives are to add stability to interest income and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses floors and collars as part of its interest rate risk management strategy. Interest rate floors designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty if interest rates fall below the strike rate on the contract in exchange for an up-front premium. Interest rate collars designated as cash flow hedges involve the payments of variable-rate amounts if interest rates rise above the cap strike rate on the contract and receipt of variable-rate amounts if interest rates fall below the floor strike rate on the contract. For derivatives that qualify and are designated as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive income (loss) and subsequently reclassified into interest income in the same periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis. The earnings recognition of excluded components is included in interest income. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest income as interest payments are received on the Company’s variable-rate assets. As of December 31, 2024, the Company had cash flow hedges with a notional amount of $200.0 million. The Company expects to reclassify $1.2 million of loss from accumulated other comprehensive loss as a reduction to interest income during the next 12 months. Fair value hedges Interest rate swaps designated as fair value hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. As of December 31, 2024, the Company had interest rate swaps with a notional amount of $348.5 million, which were designated as fair value hedges of interest rate risk. As of December 31, 2023, the Company had interest rate swaps with a notional amount of $351.0 million that were designated as fair value hedges. These interest rate swaps were associated with $456.1 million and $469.4 million of the Company’s fixed-rate loans as of December 31, 2024 and December 31, 2023, respectively, including a loss of $28.7 million and a gain of $22.6 million from the fair value hedge adjustment in the carrying amount. Losses and gains are included in loans receivable in the statements of financial condition as of December 31, 2024 and December 31, 2023, respectively. Fair value hedge adjustments included basis adjustments on terminated positions to be amortized through the contractual maturity date of each respective hedged item. Excluding those terminated positions, the fair value hedge adjustments consisted of a loss totaling $31.2 million and a gain totaling $25.7 million as of December 31, 2024 and December 31, 2023, respectively. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The Company includes the gain or loss on the hedged items in the same line item as the offsetting loss or gain on the related derivatives. Non-designated hedges Derivatives not designated as hedges are not speculative and consist of interest rate swaps with commercial banking clients that facilitate their respective risk management strategies. Interest rate swaps are simultaneously hedged by offsetting interest rate swaps 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 swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the client swaps and the offsetting swaps are recognized directly in earnings. As of December 31, 2024, the Company had matched interest rate swap transactions with an aggregate notional amount of $840.9 million related to this program. As of December 31, 2023, the Company had matched interest rate swap transactions with an aggregate notional amount of $464.9 million. Derivative fee income from non-designated hedges totaled $2.7 million and $1.1 million for the years ended December 31, 2024 and 2023, respectively. As part of its mortgage banking activities, the Company enters into interest rate lock commitments, which are commitments to originate loans where the interest rate on the loan is determined prior to funding and the clients have locked into that interest rate. The Company then locks in the loan and interest rate with an investor and commits to deliver the loan if settlement occurs ("best efforts") or commits to deliver the locked loan in a binding ("mandatory") delivery program with an investor. Fair value changes of certain loans under interest rate lock commitments are hedged with forward sales contracts of MBS. Forward sales contracts of MBS are recorded at fair value with changes in fair value recorded in non-interest income. Interest rate lock commitments and commitments to deliver loans to investors are considered derivatives. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because they are not actively traded in stand-alone markets. The Company determines the fair value of interest rate lock commitments and delivery contracts by measuring the fair value of the underlying assets. The fair value of the underlying assets is impacted by current interest rates, remaining origination fees, costs of production to be incurred, and the probability that the interest rate lock commitments will close or will be funded. Certain additional risks arise from these forward delivery contracts in that the counterparties to the contracts may not be able to meet the terms of the contracts. The Company does not expect any counterparty to any MBS contract to fail to meet its obligation. Additional risks inherent in mandatory delivery programs include the risk that, if the Company fails to deliver the loans subject to interest rate risk lock commitments, it will still be obligated to “pair off” MBS to the counterparty. Should this be required, the Company could incur significant costs in acquiring replacement loans and such costs could have an adverse effect on the consolidated financial statements. The fair value of the mortgage banking derivative is recorded as a freestanding asset or liability with the change in value being The Company had interest rate lock commitments with a notional value of $20.0 million and forward contracts with a notional value of $29.2 million at December 31, 2024. At December 31, 2023, the Company had interest rate lock commitments with a notional value of $13.8 million and forward contracts with a notional value of $17.7 million. Effect of derivative instruments on the consolidated statements of operations and accumulated other comprehensive income (loss) The tables below present the effect of the Company’s derivative financial instruments in the consolidated statements of operations for 2024 and 2023: Location of gain (loss) Amount of gain recognized in income on derivatives recognized in income on For the years ended December 31, Derivatives in hedging relationships derivatives 2024 2023 Interest rate products Interest and fees on loans $ 13,567 $ 1,107 Location of gain (loss) Amount of (loss) gain recognized in income on derivatives recognized in income on For the years ended December 31, Hedged items hedged items 2024 2023 Interest rate products Interest and fees on loans $ (6,104) $ 6,702 Location of gain (loss) Amount of (loss) gain recognized in income on derivatives Derivatives not designated recognized in income on For the years ended December 31, as hedging instruments derivatives 2024 2023 Interest rate products Other non-interest expense $ (115) $ 2 Interest rate lock commitments Mortgage banking income (27) (10) Forward contracts Mortgage banking income 204 (216) Total $ 62 $ (224) The table below presents the effect of cash flow hedge accounting on AOCI as of the dates presented. For the year ended December 31, 2024 Loss recognized in OCI on derivatives Loss recognized in OCI included component Loss recognized in OCI excluded component Location of loss recognized from AOCI into income Loss reclassified from AOCI into income Loss reclassified from AOCI into income included component Loss reclassified from AOCI into income excluded component Derivatives in cash flow hedging relationships: Interest rate products $ (1,639) $ (906) $ (733) Interest income $ (2,009) $ (1,535) $ (474) For the year ended December 31, 2023 Loss recognized in OCI on derivatives Loss recognized in OCI included component Loss recognized in OCI excluded component Location of loss recognized from AOCI into income Loss reclassified from AOCI into income Loss reclassified from AOCI into income included component Loss reclassified from AOCI into income excluded component Derivatives in cash flow hedging relationships: Interest rate products $ (1,453) $ (1,081) $ (372) Interest income $ (1,678) $ (1,223) $ (455) Credit-risk-related contingent features The Company has agreements with its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness for reasons other than an error or omission of an administrative or operational nature, 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. The Company also has agreements with certain of its derivative counterparties that contain a provision where if the Company fails to maintain its status as a well/adequately capitalized institution, then the counterparty has the right to terminate the derivative positions and the Company would be required to settle its obligations under the agreements. As of December 31, 2024, the termination value of derivatives in a net liability position related to these agreements was zero. The Company has minimum collateral posting thresholds with certain of its derivative counterparties and, as of December 31, 2024, the Company had met these thresholds. If the Company had breached any of these provisions at December 31, 2024, it could have been required to settle its obligations under the agreements at the termination value.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2024
Commitments and Contingencies
Commitments and Contingencies	Note 21 Commitments and Contingencies In the normal course of business, the Company enters into various off-balance sheet commitments to help meet the financing needs of clients. These financial instruments include commitments to extend credit, commercial and consumer lines of credit and standby letters of credit. The same credit policies are applied to these commitments as the loans in the consolidated statements of financial condition; however, these commitments involve varying degrees of credit risk in excess of the amount recognized in the consolidated statements of financial condition. The total amounts of unused commitments do not necessarily represent future credit exposure or cash requirements, as commitments often expire without being drawn upon. However, the contractual amount of these commitments, offset by any additional collateral pledged, represents the Company’s potential credit loss exposure. Total unfunded commitments at December 31, 2024 and 2023 were as follows: December 31, 2024 December 31, 2023 Commitments to fund loans $ 663,859 $ 724,928 Credit card lines of credit 3,272 6,278 Unfunded commitments under lines of credit 752,861 890,530 Commercial and standby letters of credit 10,760 13,029 Total unfunded commitments $ 1,430,752 $ 1,634,765 Commitments to fund loans Credit card lines of credit Unfunded commitments under lines of credit Commercial and standby letters of credit Contingencies Mortgage loans sold to investors may be subject to repurchase or indemnification in the event of specific default by the borrower or subsequent discovery that underwriting standards were not met. The Company established a reserve liability for expected losses related to these representations and warranties based upon management’s evaluation of actual and historical loss history, delinquency trends or other documentation or deficiency findings in the portfolio and economic conditions. Charges against the reserve during the year ended December 31, 2024 and 2023 totaling $0.1 million and $0.2 million, respectively, were primarily driven by early payoffs and repurchases. The Company recorded a repurchase reserve of $1.0 million and $1.2 million at December 31, 2024 and 2023, respectively, which is included in other liabilities in the consolidated statements of financial condition. The following table summarizes mortgage repurchase reserve activity for the periods presented: For the years ended December 31, 2024 2023 Beginning balance $ 1,198 $ 1,725 Provision released from operating expense, net (122) (323) Charge-offs (76) (204) Ending balance $ 1,000 $ 1,198 In the ordinary course of business, the Company and NBH Bank may be subject to litigation. Based upon the available information and advice from the Company’s legal counsel, management does not believe that any potential, threatened or pending litigation to which it is a party will have a material adverse effect on the Company’s liquidity, financial condition or results of operations.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2024
Fair Value Measurements
Fair Value Measurements	Note 22 Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair value of its financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. For disclosure purposes, the Company groups its financial and non-financial assets and liabilities into three different levels based on the nature of the instrument and the availability and reliability of the information that is used to determine fair value. The three levels are defined as follows: ● Level 1—Includes assets or liabilities in which the valuation methodologies are based on unadjusted quoted prices in active markets for identical assets or liabilities. ● Level 2—Includes assets or liabilities in which the inputs to the valuation methodologies are based on similar assets or liabilities in inactive markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs other than quoted prices that are observable, such as interest rates, yield curves, volatilities, prepayment speeds, and other inputs obtained from observable market input. ● Level 3—Includes assets or liabilities in which the inputs to the valuation methodology are based on at least one significant assumption that is not observable in the marketplace. These valuations may rely on management’s judgment and may include internally-developed model-based valuation techniques. Level 1 inputs are considered to be the most transparent and reliable and level 3 inputs are considered to be the least transparent and reliable. The Company assumes the use of the principal market to conduct a transaction of each particular asset or liability being measured and then considers the assumptions that market participants would use when pricing the asset or liability. Whenever possible, the Company first looks for quoted prices for identical assets or liabilities in active markets (level 1 inputs) to value each asset or liability. However, when inputs from identical assets or liabilities on active markets are not available, the Company utilizes market observable data for similar assets and liabilities. The Company maximizes the use of observable inputs and limits the use of unobservable inputs to occasions when observable inputs are not available. The need to use unobservable inputs generally results from the lack of market liquidity of the actual financial instrument or of the underlying collateral. While third party price indications may be available in those cases, limited trading activity can challenge the observability of those inputs. Changes in the valuation inputs used for measuring the fair value of financial instruments may occur due to changes in current market conditions or other factors. Such changes may necessitate a transfer of the financial instruments to another level in the hierarchy based on the new inputs used. The Company recognizes these transfers at the end of the reporting period that the transfer occurs. During 2024 and 2023, there were no transfers of financial instruments between the hierarchy levels. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of each instrument under the valuation hierarchy: Fair Value of Financial Instruments Measured on a Recurring Basis Investment securities available-for-sale Loans held for sale Interest rate swap derivatives Mortgage banking derivatives interest rate lock commitments by interest rate and terms, applying an average 85.0% estimated pull-through rate based on historical experience, and then multiplying by quoted investor prices determined to be reasonably applicable to the loan commitment groups based on interest rate, terms, and rate lock expiration dates of the loan commitment groups. The Company also relies on an external valuation model to estimate the fair value of its forward commitments to sell residential mortgage loans (i.e., an estimate of what the Company would receive or pay to terminate the forward delivery contract based on market prices for similar financial instruments), which includes matching specific terms and maturities of the forward commitments against applicable investor pricing. The tables below present the financial instruments measured at fair value on a recurring basis as of December 31, 2024 and 2023, in the consolidated statements of financial condition utilizing the hierarchy structure described above: December 31, 2024 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale U.S. Treasuries $ 24,874 $ — $ — $ 24,874 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises — 135,045 — 135,045 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises — 364,938 — 364,938 Corporate debt — 1,962 — 1,962 Loans held for sale — 24,495 — 24,495 Interest rate swap derivatives — 39,637 — 39,637 Mortgage banking derivatives — — 386 386 Total assets at fair value $ 24,874 $ 566,077 $ 386 $ 591,337 Liabilities: Interest rate swap derivatives $ — $ 9,076 $ — $ 9,076 Mortgage banking derivatives — — 10 10 Total liabilities at fair value $ — $ 9,076 $ 10 $ 9,086 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale U.S. Treasuries $ 73,044 $ — $ — $ 73,044 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises — 201,809 — 201,809 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises — 351,242 — 351,242 Municipal securities — 79 — 79 Corporate debt — 1,843 — 1,843 Loans held for sale — 18,854 — 18,854 Interest rate swap derivatives — 37,408 — 37,408 Mortgage banking derivatives — — 287 287 Total assets at fair value $ 73,044 $ 611,235 $ 287 $ 684,566 Liabilities: Interest rate swap derivatives $ — $ 15,284 $ — $ 15,284 Mortgage banking derivatives — — 115 115 Total liabilities at fair value $ — $ 15,284 $ 115 $ 15,399 The table below details the changes in level 3 financial instruments during 2024: Mortgage banking derivatives, net Balance at December 31, 2023 $ 172 Gain included in earnings, net 177 Fee income (cost) included in earnings, net 27 Balance at December 31, 2024 $ 376 Fair Value of Financial Instruments Measured on a Non-recurring Basis Certain assets may be recorded at fair value on a non-recurring basis as conditions warrant. These non-recurring fair value measurements typically result from the application of lower of cost or fair value accounting or a write-down occurring during the period. Individually evaluated loans OREO Mortgage servicing rights SBA servicing asset Premises and equipment The Company may be required to record fair value adjustments on other available-for-sale and municipal securities valued at par on a non-recurring basis. The tables below provide information regarding losses from the assets recorded at fair value on a non-recurring basis at December 31, 2024 and 2023. December 31, 2024 Total Losses from fair value changes Individually evaluated loans $ 64,797 $ 9,439 Premises and equipment 1,795 958 Total $ 66,592 $ 10,397 December 31, 2023 Total Losses from fair value changes Individually evaluated loans $ 45,245 $ 1,575 Other real estate owned 4,088 249 Premises and equipment 13,413 349 SBA servicing rights 2,440 75 Total $ 65,186 $ 2,248 The Company did not record any liabilities measured at fair value on a non-recurring basis during 2024 and 2023.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
Fair Value of Financial Instruments	Dec. 31, 2024
Fair Value Measurements
Fair Value of Financial Instruments	Note 23 Fair Value of Financial Instruments The fair value of a financial instrument is the amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is determined based upon quoted market prices to the extent possible; however, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques that may be significantly impacted by the assumptions used, including the discount rate and estimates of future cash flows. Changes in any of these assumptions could significantly affect the fair value estimates. The fair value of the financial instruments listed below does not reflect a premium or discount that could result from offering all of the Company’s holdings of financial instruments at one time, nor does it reflect the underlying value of the Company, as ASC Topic 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies and are based on the exit price concept within ASC Topic 825 and applied to this disclosure on a prospective basis. Considerable judgment is required to interpret market data in order to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The fair value of financial instruments at December 31, 2024 and 2023 are set forth below: Level in fair value December 31, 2024 December 31, 2023 measurement Carrying Estimated Carrying Estimated hierarchy amount fair value amount fair value ASSETS Cash and cash equivalents Level 1 $ 127,848 $ 127,848 $ 190,826 $ 190,826 U.S. Treasury securities - AFS Level 1 24,874 24,874 73,044 73,044 U.S. Treasury securities - HTM Level 1 49,639 49,159 49,338 48,334 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale Level 2 135,045 135,045 201,809 201,809 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale Level 2 364,938 364,938 351,242 351,242 Municipal securities available-for-sale Level 2 — — 79 79 Corporate debt available-for-sale Level 2 1,962 1,962 1,843 1,843 Other available-for-sale securities Level 3 728 728 812 812 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity Level 2 271,105 234,286 299,337 265,011 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity Level 2 212,364 167,941 236,377 190,983 FHLB and FRB stock Level 2 27,984 27,984 40,890 40,890 Loans receivable Level 3 7,751,143 7,535,875 7,698,758 7,411,687 Loans held for sale Level 2 24,495 24,495 18,854 18,854 Accrued interest receivable Level 2 43,469 43,469 44,944 44,944 Interest rate swap derivatives Level 2 39,637 39,637 37,408 37,408 Mortgage banking derivatives Level 3 386 386 287 287 LIABILITIES Deposit transaction accounts Level 2 7,217,857 7,217,857 7,208,421 7,208,421 Time deposits Level 2 1,020,036 1,021,763 981,970 972,793 Securities sold under agreements to repurchase Level 2 18,895 18,895 19,627 19,627 Long-term debt Level 2 55,000 49,168 55,000 43,760 Federal Home Loan Bank advances Level 2 50,000 50,000 340,000 340,000 Accrued interest payable Level 2 15,146 15,146 12,239 12,239 Interest rate swap derivatives Level 2 9,076 9,076 15,284 15,284 Mortgage banking derivatives Level 3 10 10 115 115

Business Segments

Business Segments	12 Months Ended
Business Segments	Dec. 31, 2024
Business Segments
Business Segments	Note 24 Business Segment The Company has aligned its operations into one reportable segment. The Company’s primary operations are conducted through its wholly owned banking subsidiaries, which offer a full range of traditional banking products and financial services, including mortgage banking services and trust and wealth management services. To date, the Company has made eight community bank acquisitions, all operate utilizing a centralized core technology platform and operating policies, all consolidated under one reportable segment. The Company provides community banking services or products and conducts its business operations within the United States. The identification of the business segment was determined based on the nature of services provided and management’s evaluation of the consolidated financial information. The accounting policies of the segment are the same as those described in Note 2 summary of significant accounting policies. The Company has identified the chief operating decision maker (“CODM”) as the Chairman and Chief Executive Officer. The CODM analyzes key metrics including consolidated net income and its major components to strategize and allocate resources. Revenue and expenses reviewed by the CODM are consistent with the consolidated statement of operations, and the measure of segment assets reviewed by the CODM is consistent with total consolidated assets on the balance sheet. As part of this analysis, the CODM receives financial information on a consolidated basis, including actual and budgeted information, credit quality metrics, net income, earnings per share, loan originations, deposit growth, total non-interest income and non-interest expense. Executive compensation is based upon analysis of the consolidated target performance metrics.

Parent Company Only Financial S

Parent Company Only Financial Statements	12 Months Ended
Parent Company Only Financial Statements	Dec. 31, 2024
Parent Company Only Financial Statements
Parent Company Only Financial Statements	Note 25 Parent Company Only Financial Statements Parent company only financial information for National Bank Holdings Corporation is summarized as follows: Condensed Statements of Financial Condition December 31, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 105,278 $ 77,853 Non-marketable securities 29,830 33,144 Investment in subsidiaries 1,203,495 1,139,290 Other assets 31,007 30,528 Total assets $ 1,369,610 $ 1,280,815 LIABILITIES AND STOCKHOLDERS' EQUITY Long-term debt, net $ 54,511 $ 54,200 Other liabilities 10,024 13,808 Total liabilities 64,535 68,008 Shareholders' equity 1,305,075 1,212,807 Total liabilities and shareholders' equity $ 1,369,610 $ 1,280,815 Condensed Statements of Operations For the years ended December 31, 2024 2023 2022 Income Equity in undistributed earnings of subsidiaries $ 55,848 $ 92,990 $ 30,260 Distributions from subsidiaries 75,000 62,000 52,000 Loss from non-marketable securities (3,088) (4,431) (262) Total income $ 127,760 $ 150,559 $ 81,998 Expenses Interest expense $ 2,073 $ 2,073 $ 1,519 Salaries and benefits 8,126 7,318 6,138 Other expenses 3,021 3,382 6,433 Total expenses 13,220 12,773 14,090 Income before income taxes 114,540 137,786 67,908 Income tax benefit (4,275) (4,262) (3,366) Net income $ 118,815 $ 142,048 $ 71,274 Condensed Statements of Cash Flows For the years ended December 31, 2024 2023 2022 Cash flows from operating activities: Net income $ 118,815 $ 142,048 $ 71,274 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (55,848) (92,990) (30,260) Stock-based compensation expense 8,048 7,222 6,059 Amortization 311 310 158 Other (2,599) 15,833 (221) Net cash provided by operating activities 68,727 72,423 47,010 Cash flows from investing activities: Cash paid for acquisitions — — (67,128) Investment in subsidiary (2,000) — — Sales (purchases) of non-marketable securities, net 103 (1,773) (11,471) Net cash used in investing activities (1,897) (1,773) (78,599) Cash flows from financing activities: Issuance of stock under purchase and equity compensation plans (1,515) (1,534) (1,481) Proceeds from exercise of stock options 3,555 617 1,102 Payment of dividends (42,945) (39,644) (30,447) Net cash used in financing activities (40,905) (40,561) (30,826) Net increase (decrease) in cash, cash equivalents and restricted cash 25,925 30,089 (62,415) Cash, cash equivalents and restricted cash at beginning of the year 79,353 49,264 111,679 Cash, cash equivalents and restricted cash at end of the year $ 105,278 $ 79,353 $ 49,264

Acquisition Activities

Acquisition Activities	12 Months Ended
Acquisition Activities	Dec. 31, 2024
Acquisition Activities
Acquisition Activities	Note 26 Acquisition Activities During 2022 and 2023, the Company completed the acquisitions of Community Bancorporation, the bank holding company for Rock Canyon Bank, Bancshares of Jackson Hole, the bank holding company for Bank of Jackson Hole and Cambr Solutions, LLC. The Company determined that the acquisitions constitute business combinations as defined in ASC Topic 805, Business Combinations Fair Value Measurements and Disclosures Cambr Solutions, LLC On April 3, 2023, NBH Bank completed the acquisition of Cambr Solutions, LLC. Upon closing, Cambr became a stand-alone subsidiary of NBH Bank. Cambr is a deposit acquisition and processing platform that generates core deposits from accounts offered through third-party embedded finance companies. At the time of acquisition, Cambr administered approximately $1.7 billion of deposits comprising more than 500,000 FDIC-insured deposit accounts. Cambr acquisition-related costs totaled $1.0 million for the year ended December 31, 2023. The results of Cambr are included in the financial results of the Company subsequent to the acquisition date. The table below summarizes net assets acquired (at fair value) and consideration transferred in connection with the Cambr acquisition: April 3, 2023 Assets: Cash and due from banks $ 1,224 Other intangibles 18,000 Other assets 6,729 Total assets acquired 25,953 Liabilities: Other liabilities $ 6,340 Total liabilities assumed 6,340 Identifiable net assets acquired $ 19,613 Consideration: Cash $ 46,524 Total 46,524 Goodwill $ 26,911 In connection with the Cambr acquisition, the Company recorded $26.9 million of goodwill. The amount of goodwill recorded reflects the expanded market presence, synergies and operational efficiencies that are expected to result from the acquisition. The total amount of goodwill expected to be deductible for tax purposes is $27.8 million. The Company recorded other intangible assets of $18.0 million, including intangibles related to customer relationships and acquired technology intangible. The other intangible assets were valued by discounting future cash flows to present value. The discount rates applied were derived using market participant assumptions. The other intangible assets are being amortized over a weighted average period of 9.4 years. Bank of Jackson Hole On October 1, 2022, the Company completed its acquisition of Bancshares of Jackson Hole, the bank holding company of Wyoming-based Bank of Jackson Hole. Pursuant to the merger agreement executed in March 2022, the Company paid $51.0 million of cash consideration and issued 4,391,964 shares of the Company’s Class A common stock in exchange for all of the outstanding common stock of Bancshares of Jackson Hole. The transaction was valued at $213.4 million in the aggregate, based on the Company’s closing price of $36.99 on September 30, 2022. The acquisition added 12 banking centers with operations in Wyoming and Idaho. Immediately following the closing of the acquisition, BOJH sold substantially all of its assets and liabilities to NBH Bank, with the exception of assets and liabilities related to its trust business. Effective October 1, 2022, BOJH was renamed as Bank of Jackson Hole Trust. BOJH acquisition-related costs totaled $24.5 million for the year ended December 31, 2022, including a Day 1 CECL provision expense of $16.3 million. The results of BOJH are included in the results of the Company subsequent to the acquisition date. The table below summarizes net assets acquired (at fair value) and consideration transferred in connection with the BOJH acquisition: October 1, 2022 Assets: Cash and due from banks $ 40,509 Investment securities 203,728 Non-marketable securities 3,104 Loans, net 1,185,699 Loans held for sale 504 Premises and equipment 30,318 Core deposit and other intangibles 30,696 Other assets 31,970 Total assets acquired 1,526,528 Liabilities: Total deposits 1,375,593 Long-term debt 39,229 Fed funds purchased 25 Other liabilities 9,483 Total liabilities assumed 1,424,330 Identifiable net assets acquired $ 102,198 Consideration: NBHC common stock paid, closing price of $36.99 on September 30, 2022 $ 162,459 Cash 50,989 Total 213,448 Goodwill $ 111,250 In connection with the BOJH acquisition, the Company recorded $111.3 million of goodwill. The amount of goodwill recorded reflects the expanded market presence, synergies and operational efficiencies that are expected to result from the acquisition. The Company transferred $75.3 million of available-for-sale securities to held-to-maturity as of Day 1. The following is a description of the methods used to determine the fair values of significant assets and liabilities presented above: Cash and due from banks Investment securities Loans, net The fair value of loans were based on a discounted cash flow methodology that considered the loans’ underlying characteristics including account type, remaining terms of loan, annual interest rates or coupon, interest types, past delinquencies, timing of principal and interest payments, current market rates, loan to value ratios, loss exposure and remaining balance. The discount rates applied were based upon a build-up approach considering the alternative cost of funds, capital charges, servicing costs, and a liquidity premium. Loans were aggregated according to similar characteristics when applying the valuation method. Core deposit and other intangibles including maintenance costs, and alternative costs of funding. The discount rate applied is consistent to that applied to loans above. The fair value for the wealth management client relationships intangible was based on a multi-period excess earnings method, which utilized a contributory asset analysis to ascertain a fair return on investment of all the assets used in the production of income associated with the specific intangible asset. The sum of the resulting net, or excess, earnings attributable to the client relationships was then discounted to present value utilizing an appropriate discount rate. The core deposit intangible and wealth management intangible are being amortized straight-line over ten years. Deposits Long-term debt Accounting for acquired loans A Day 1 CECL allowance for credit losses on the non-PCD loans was recorded through provision for credit loss expense within the consolidated statements of operations. At the date of acquisition, of the $1.2 billion of loans acquired from BOJH, $13.9 million, or 1.1% of BOJH’s loan portfolio, were accounted for as PCD loans. The gross contractual amounts receivable of PCD loans, inclusive of all principal and interest, was $14.0 million, including $0.5 million of loans previously charged off by BOJH. The Company’s best estimate of the contractual cash flows for PCD loans not expected to be collected was $3.8 million. The following table provides a summary of PCD loans purchased as part of the BOJH acquisition as of the acquisition date: Commercial Commercial real estate non-owner occupied Residential real estate Consumer Total Unpaid principal balance $ 5,061 $ 8,353 $ 476 $ 12 $ 13,902 PCD allowance for credit loss at acquisition (151) (3,557) (55) (1) (3,764) Discount on acquired loans (336) (226) (16) — (578) Purchase price of PCD loans $ 4,574 $ 4,570 $ 405 $ 11 $ 9,560 The Company has determined that it is impractical to report the amounts of revenue and earnings of legacy BOJH since the acquisition date due to the integration of certain processes occurring shortly after the acquisition date. Such amounts would require significant estimates that cannot be objectively made. Rock Canyon Bank On September 1, 2022, the Company completed its acquisition of Community Bancorporation, the bank holding company of Utah-based Rock Canyon Bank. Immediately following the completion of the acquisition, RCB merged into NBH Bank. Pursuant to the merger agreement executed in April 2022, the Company paid $16.1 million of cash consideration and issued 3,096,745 shares of the Company’s Class A common stock in exchange for all of the outstanding common stock of Community Bancorporation. The transaction was valued at $140.4 million in the aggregate, based on the Company’s closing price of $40.13 on August 31, 2022. The acquisition added seven banking centers to the Company’s footprint within the Provo and Greater Salt Lake City regions. RCB acquisition-related costs totaled $12.3 million for the year ended December 31, 2022, including a Day 1 CECL provision expense of $5.4 million. The results of RCB are included in the results of the Company subsequent to the acquisition date. The table below summarizes net assets acquired (at fair value) and consideration transferred in connection with the RCB acquisition: September 1, 2022 Assets: Cash and due from banks $ 260,883 Investment securities available-for-sale 402 Non-marketable securities 977 Loans, net 535,197 Loans held for sale 3,069 Premises and equipment 3,413 Core deposit and other intangibles 16,463 Other assets 11,749 Total assets acquired 832,153 Liabilities: Total deposits 734,480 Other liabilities 10,115 Total liabilities assumed 744,595 Identifiable net assets acquired $ 87,558 Consideration: NBHC common stock paid, closing price of $40.13 on August 31, 2022 $ 124,272 Cash 16,141 Total 140,413 Goodwill $ 52,855 In connection with the RCB acquisition, the Company recorded $52.9 million of goodwill. The amount of goodwill recorded reflects the expanded market presence, synergies and operational efficiencies that are expected to result from the acquisition. The following is a description of the methods used to determine the fair values of significant assets and liabilities presented above: Cash and due from banks Loans, net The fair value of loans were based on a discounted cash flow methodology that considered the loans’ underlying characteristics including account type, remaining terms of loan, annual interest rates or coupon, interest types, past delinquencies, timing of principal and interest payments, current market rates, loan to value ratios, loss exposure and remaining balance. The discount rates applied were based upon a build-up approach considering the alternative cost of funds, capital charges, servicing costs, and a liquidity premium. Loans were aggregated according to similar characteristics when applying the valuation method. Core deposit and other intangibles The core deposit intangible is being amortized straight-line over ten years, and the SBA servicing asset is being amortized over the life of the underlying portfolio. Deposits Accounting for acquired loans A Day 1 CECL allowance for credit losses on non-PCD loans was recorded through provision for credit loss expense within the consolidated statements of operations. At the date of acquisition, of the $537.7 million of loans acquired from RCB, $11.1 million, or 2.1% of RCB’s loan portfolio, were accounted for as PCD loans. The gross contractual amounts receivable of PCD loans, inclusive of all principal and interest, was $13.8 million, including $2.1 million of loans previously charged off by RCB. The Company’s best estimate of the contractual principal and interest cash flows for PCD loans not expected to be collected was $4.5 million, including $2.1 million of loans previously charged off by RCB. The following table provides a summary of PCD loans purchased as part of the RCB acquisition as of the acquisition date: Commercial Commercial real estate non-owner occupied Residential real estate Consumer Total Unpaid principal balance $ 12,079 $ 220 $ 843 $ 3 $ 13,145 PCD allowance for credit loss at acquisition (2,257) (2) (215) — (2,474) (Discount) premium on acquired loans (787) 19 (5) — (773) Loans previously charged off by RCB (2,051) — — (3) (2,054) Purchase price of PCD loans $ 6,984 $ 237 $ 623 $ — $ 7,844 The Company has determined that it is impractical to report the amounts of revenue and earnings of legacy RCB since the acquisition date due to the integration of certain processes occurring shortly after the acquisition date. Such amounts would require significant estimates that cannot be objectively made.

Pay vs Performance Disclosure

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)	$ 118,815	$ 142,048	$ 71,274

Insider Trading Arrangements

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 Pr

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 a

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]	Our risk management program is designed to identify, assess, manage, and mitigate risks across various aspects of our Company, including, but not limited to, financial, operational, regulatory, reputational, and legal. Cybersecurity is a critical component of this program, given the increasing reliance on technology and potential of cyber threats. The Company’s cybersecurity risk management program consists of a layered cybersecurity approach and is organized pursuant to prevailing guidance such as the Federal Financial Institutions Examination Council, including its underlying handbooks and assessment tools, and incorporates guidance issued by the National Institute of Standards and Technology and the Cybersecurity Infrastructure and Security Agency. The Company’s cybersecurity risk management program is designed to ensure the Company's data, information systems, networks and devices are appropriately protected from a variety of threats and that our third parties with access to the Company’s data take similar precautions. Regular risk assessments are conducted to validate control requirements and ensure that the Company’s information is protected at a level commensurate with its sensitivity and value. Preventative and detective security controls are employed on all media where information is stored, the systems that process it, and infrastructure components that facilitate its transmission to ensure the confidentiality, integrity, and availability of Company information. These controls include, but are not limited to, access control, data encryption, data loss prevention, incident response, security monitoring, third-party risk management, and vulnerability management. The Company's cybersecurity risk management program and strategy are regularly assessed by consultants, regulatory authorities, and external auditors. The Company’s Enterprise Risk Management department also plays a crucial role in monitoring the program by internally conducting regular cyber maturity assessments. Cybersecurity processes are adjusted as needed based on the information gathered from these internal and external assessments to ensure that the program is aligned with the Company's business objectives, is designed to address evolving cybersecurity threats, satisfies regulatory requirements, and conforms with industry standards. The Company, through its Enterprise Risk Management, Enterprise Technology, and Internal Audit departments, actively maintains and monitors various systems, controls and surveillance measures that are intended to mitigate cybersecurity risks including: ● Layered security controls monitoring traffic to and within the Company that identify and block suspicious activity, with system configurations that align with industry best practices. ● Preventative and detective controls to identify adverse internal and external trends and analyze the Company’s response mechanisms. ● Annual network and penetration testing by reputable third parties to evaluate the Company's suite of security controls and tools and identify potential vulnerabilities. ● Regular cybersecurity and information security awareness training for associates, supplemented with recurring social engineering tests. ● Conducting regular cyber maturity assessments to ensure the Company is prepared to manage and respond to cybersecurity threats. ● An incident response plan that outlines the steps the Company will take to respond to a cybersecurity incident, which is tested on a periodic basis. ● Recurring audit and oversight of all critical third parties within the Company's digital ecosystem to identify risks and adverse trends and monitor their compliance with our cybersecurity requirements. ● Use of external subject matter experts to provide threat intelligence and updates on trends and emerging schemes. ● Annual risk and self-assessments against established industry frameworks to ensure best practices are in place and the Company’s risk assessment continues to evolve. ● Carrying out regular trainings and tests, including phishing simulation tests, to ensure the Company’s associates remain vigilant with regards to cybersecurity threats. ● Annual testing from a business continuity perspective, including annual business impact analysis reviews, annual testing of all critical departments, systems and third parties, and established back-up, replication, and restoration to help ensure continuity of operations. Our internal systems, processes, and controls are designed to mitigate loss from cyberattacks and, if necessary, remediate any potential damage. While we have experienced cybersecurity incidents in the past, to date, risks from cybersecurity threats have not materially affected the Company's business, financial condition, and results of operations. However, the sophistication of cyber threats continues to increase, and the Company’s cybersecurity risk management and strategy may be insufficient or may not be successful in protecting against all cyber incidents. Accordingly, no matter how well designed or implemented the Company’s controls are, it will not be able to anticipate all cybersecurity breaches, and it may not be able to implement effective preventive measures against such security breaches in a timely manner. For more information on how cybersecurity risk may materially affect the Company’s business strategy, results of operations or financial condition, please refer to Item 1A Risk Factors.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company’s cybersecurity risk management program consists of a layered cybersecurity approach and is organized pursuant to prevailing guidance such as the Federal Financial Institutions Examination Council, including its underlying handbooks and assessment tools, and incorporates guidance issued by the National Institute of Standards and Technology and the Cybersecurity Infrastructure and Security Agency. The Company’s cybersecurity risk management program is designed to ensure the Company's data, information systems, networks and devices are appropriately protected from a variety of threats and that our third parties with access to the Company’s data take similar precautions. Regular risk assessments are conducted to validate control requirements and ensure that the Company’s information is protected at a level commensurate with its sensitivity and value. Preventative and detective security controls are employed on all media where information is stored, the systems that process it, and infrastructure components that facilitate its transmission to ensure the confidentiality, integrity, and availability of Company information. These controls include, but are not limited to, access control, data encryption, data loss prevention, incident response, security monitoring, third-party risk management, and vulnerability management.
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 Company’s Board of Directors is charged with overseeing the establishment and execution of the Company’s Risk Management program and monitoring adherence to related policies required by applicable statutes, regulations and principles of safety and soundness. Consistent with this responsibility, the Board has delegated primary oversight responsibility over the Company’s risk management program, including oversight of cybersecurity risk management, to the Audit & Risk Committee of the Board. The Company’s Chief Risk Management Officer reports directly to the CEO and chairs the Company’s management-level Enterprise Risk Management Committee, through which the Company’s executive team manages and oversees the Company’s entire risk management program, including cybersecurity risk management. In addition, the Company’s Chief Information Security Officer (“CISO”) reports directly to the Chief Risk Management Officer and works in tandem with the Company’s Enterprise Technology Department. The Enterprise Technology department is responsible for the Company’s information systems and for building and maintaining cybersecurity defenses within the Company’s technology systems. The Company’s Chief Technology Officer (“CTO”) reports directly to the CEO and leads the Enterprise Technology Department. Collectively, the Enterprise Technology and Enterprise Risk Management Departments work together to oversee the day-to-day management and implementation of the Company’s cybersecurity risk management program. The Company’s Internal Audit Department, including third parties engaged by Internal Audit, evaluate the overall effectiveness of the Bank’s cybersecurity risk management strategy which is reported to the Audit & Risk Committee of the Board. In addition, the Enterprise Technology and Enterprise Risk Management Departments provide reports to the Audit & Risk Committee of the Board discussing items such as the Departments’ efforts to prevent, detect, mitigate, and potentially remediate cybersecurity risks, cybersecurity status updates, and current cybersecurity trends in the banking industry. Finally, the Company’s Board participates in training at least annually on the Directors’ role in managing cybersecurity risks. The Company’s CISO has over 15 years of prior work experience, which includes managing information security and operational risk, developing cybersecurity strategy and incident responses, implementing effective information and cybersecurity programs, preventing fraud and social engineering, and ensuring business continuity and proper third party management. The Company’s CTO has over 25 years of prior work experience in cybersecurity and data center management and design, 16 years of which has been devoted to the financial and banking sectors. The Enterprise Technology Department is comprised of a team of subject matter experts in security operations, network architecture, cyber and information security governance and cybersecurity/network operations.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Audit & Risk Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Consistent with this responsibility, the Board has delegated primary oversight responsibility over the Company’s risk management program, including oversight of cybersecurity risk management, to the Audit & Risk Committee of the Board.
Cybersecurity Risk Role of Management [Text Block]	The Company’s Chief Risk Management Officer reports directly to the CEO and chairs the Company’s management-level Enterprise Risk Management Committee, through which the Company’s executive team manages and oversees the Company’s entire risk management program, including cybersecurity risk management. In addition, the Company’s Chief Information Security Officer (“CISO”) reports directly to the Chief Risk Management Officer and works in tandem with the Company’s Enterprise Technology Department. The Enterprise Technology department is responsible for the Company’s information systems and for building and maintaining cybersecurity defenses within the Company’s technology systems. The Company’s Chief Technology Officer (“CTO”) reports directly to the CEO and leads the Enterprise Technology Department. Collectively, the Enterprise Technology and Enterprise Risk Management Departments work together to oversee the day-to-day management and implementation of the Company’s cybersecurity risk management program.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Chief Risk Management Officer Company’s Chief Information Security Officer (“CISO”) Chief Technology Officer (“CTO”)
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The Company’s CISO has over 15 years of prior work experience, which includes managing information security and operational risk, developing cybersecurity strategy and incident responses, implementing effective information and cybersecurity programs, preventing fraud and social engineering, and ensuring business continuity and proper third party management. The Company’s CTO has over 25 years of prior work experience in cybersecurity and data center management and design, 16 years of which has been devoted to the financial and banking sectors.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company’s Chief Risk Management Officer reports directly to the CEO and chairs the Company’s management-level Enterprise Risk Management Committee, through which the Company’s executive team manages and oversees the Company’s entire risk management program, including cybersecurity risk management. In addition, the Company’s Chief Information Security Officer (“CISO”) reports directly to the Chief Risk Management Officer and works in tandem with the Company’s Enterprise Technology Department. The Enterprise Technology department is responsible for the Company’s information systems and for building and maintaining cybersecurity defenses within the Company’s technology systems. The Company’s Chief Technology Officer (“CTO”) reports directly to the CEO and leads the Enterprise Technology Department.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2024
Summary of Significant Accounting Policies
Cash and cash equivalents	a) Cash and cash equivalents
Investment securities	b) Investment securities Management evaluates all investments in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, we evaluate whether the decline in fair value is the result of credit losses or other factors. In making the assessment, we may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss. The Company does not measure expected credit losses for U.S. agency-backed held-to-maturity securities, since the risk of nonpayment of the amortized cost basis is zero. Credit losses are not estimated for AIR from investment securities as interest deemed uncollectible is written off through interest income.
Non-marketable securities	c) Non-marketable securities
Loans receivable	d) Loans receivable — Estimated fair values of acquired loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, the expected timing of cash flows, classification status, fixed or variable interest rate, term of loan and whether or not the loan is amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Discounts created when the loans are recorded at their estimated fair values at acquisition are accreted over the remaining term of the loan as an adjustment to the related loan’s yield. Similar to originated loans described below, the accrual of interest income on acquired loans is discontinued when the collection of principal or interest, in whole or in part, is doubtful. Acquired loans that have been identified as having experienced a more-than-insignificant deterioration in credit quality since origination are purchased credit deteriorated (“PCD”) loans. The net premium or discount on PCD loans is adjusted by our allowance for credit losses recorded at the time of acquisition. The remaining net premium or discount is accreted or amortized into interest income over the remaining life of the loan using the level yield method. The net premium or discount on non-PCD loans, that includes credit quality and interest rate considerations, is accreted or amortized into interest income over the remaining life of the loan using the level yield method. The Company then records the necessary allowance for credit losses on the non-PCD loans through provision for credit losses expense. Interest income on acquired loans and interest income on loans originated by the Company is accrued and credited to income as it is earned using the interest method based on daily balances of the principal amount outstanding. However, interest is generally not accrued on loans 90 days or more past due, unless they are well secured and in the process of collection. Additionally, in certain situations, loans that are not contractually past due may be placed on non-accrual status due to the continued failure to adhere to contractual payment terms by the borrower coupled with other pertinent factors, such as insufficient collateral value or deficient primary and secondary sources of repayment. Accrued interest receivable is reversed when a loan is placed on non-accrual status and payments received generally reduce the carrying value of the loan. Interest is not accrued while a loan is on non-accrual status and interest income is generally recognized on a cash basis only after payment in full of the past due principal and collection of principal outstanding is reasonably assured. A loan may be placed back on accrual status if all contractual payments have been received, or sooner under certain conditions and collection of future principal and interest payments is no longer doubtful. In the event of borrower default, the Company may seek recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying a loan from its original terms, for economic or legal reasons, to provide a concession to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Such loans are considered “troubled debt modifications” and are identified in accordance with ASC Topic 326.
Loans held for sale	e) Loans held for sale — The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e., interest rate lock commitments). Such interest rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. To protect against the price risk inherent in residential mortgage loan commitments, the Company utilizes both "best efforts" and "mandatory delivery" forward loan sale commitments to mitigate the risk of potential increases or decreases in the values of loans that would result from the change in market rates for such loans. The Company manages the interest rate risk on interest rate lock commitments by entering into forward sale contracts of mortgage backed securities. Such contracts are accounted for as derivatives and are recorded at fair value as derivative assets or liabilities. They are carried in the consolidated statements of financial condition within other assets or other liabilities, and changes in fair value are recorded net as a component of mortgage banking income in the consolidated statements of operations. The gross gains on loan sales are recognized based on new loan commitments with adjustment for price and pair-off activity. Commission expenses on loans held for sale are recognized based on loans closed.
Allowance for credit losses	f) Allowance for credit losses The Company utilizes a DCF model developed within a third-party software tool to establish expected lifetime credit losses for the loan portfolio. The ACL is calculated as the difference between the amortized cost basis and the projections from the DCF analysis. The DCF model allows for individual life of loan cash flow modeling, excluding extensions and renewals, using loan-specific interest rates and repayment schedules adjusted for estimated prepayment rates and loss recovery timing delays. The model incorporates forecasts of certain national macroeconomic factors, including unemployment rates, HPI, retail sales and GDP, which drive correlated probability of default (“PD”) and loss given default (“LGD”) rates. PD and LGD, in turn, drive the losses predicted in establishing our ACL. PD and LGD rates along with prepayment rates and loss recovery time delays are determined at a loan class level making use of both internal and peer historical loss rate data. The determination and application of the ACL accounting policy involves judgments, estimates, and uncertainties that are subject to change. For periods beyond the reasonable and supportable forecast period, we revert to historical long-term average loss rates on a straight-line basis. The length of the forecast period spans four quarters. The length of the reversion period is based on management’s assessment of the length and pattern of the current economic cycle and typically ranges from four to eight quarters. Management accounts for the inherent uncertainty of the underlying economic forecast by reviewing and weighting alternate forecast scenarios. Additionally, the ACL calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience. These qualitative adjustments may increase or reduce reserve levels and include adjustments for lending management experience and risk tolerance, loan review and audit results, asset quality and portfolio trends, loan portfolio growth and industry concentrations. The Company has elected to exclude AIR from the allowance for credit losses calculation. When a loan is placed on non-accrual, any recorded AIR is reversed against interest income. The determination and application of the ACL accounting policy involves judgments, estimates, and uncertainties that are subject to change. Changes in these assumptions, estimates or the conditions surrounding them may have a material impact on our financial condition, liquidity or results of operations. Various regulatory agencies, as an integral part of the examination process, periodically review the ACL. Such agencies may require the Company to recognize additions to the ACL or reserve increases to adversely graded classified loans based on their judgments about information available to them at the time of their examinations. The ACL is decreased by net charge-offs and is increased by provisions for loan losses that are charged to the statements of operations. Charge-offs, if any, are typically measured for each loan based on a thorough analysis of the most probable source of repayment, such as the present value of the loan’s expected future cash flows, the loan’s estimated fair value, or the estimated fair value of the underlying collateral less costs of disposition for collateral-dependent loans. When it is determined that specific loans, or portions thereof, are uncollectible, these amounts are charged off against the ACL. The Company uses an internal risk rating system to indicate credit quality in the loan portfolio. The risk rating system is applied to all loans and uses a series of grades, which reflect management’s assessment of the risk attributable to loans based on an analysis of the borrower’s financial condition and ability to meet contractual debt service requirements. Loans that management perceives to have acceptable risk are categorized as “Pass” loans. The “Special Mention” loans represent loans that have potential credit weaknesses that deserve management’s close attention. Special mention loans include borrowers that have potential weaknesses or unwarranted risks that, unless corrected, may threaten the borrower’s ability to meet debt requirements. However, these borrowers are still believed to have the ability to respond to and resolve the financial issues that threaten their financial situation. Loans classified as “Substandard” are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a distinct possibility of loss if the deficiencies are not corrected. “Doubtful” loans are loans that management believes the collection of payments in accordance with the terms of the loan agreement is highly questionable and improbable. Credit quality indicators are reviewed and updated in accordance with internal policy based on loan balance and risk rating. Interest accrual is discontinued on doubtful loans and certain substandard loans. Unfunded loan commitments In addition to the ACL for funded loans, the Company maintains reserves to cover the risk of loss associated with off-balance sheet unfunded loan commitments. The allowance for off-balance sheet credit losses is maintained within the other liabilities in the statements of financial condition. Under the CECL framework, adjustments to this liability are recorded as provision for credit losses in the statements of operations. Unfunded loan commitment balances are evaluated by loan class and further segregated by revolving and non-revolving commitments. In order to establish the required level of reserve, the Company applies average historical utilization rates and ACL loan model loss rates for each loan class to the outstanding unfunded commitment balances.
Premises and equipment	g) Premises and equipment 7 3 the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposal is less than its carrying amount. Property and equipment that meet the held-for-sale criteria is recorded at the lower of its carrying amount or fair value less cost to sell and depreciation is ceased. The Company capitalizes internal and external direct costs incurred related to obtaining or developing internal-use software. Costs incurred during the application development stage are capitalized and amortized using the straight-line method over the estimated useful lives of the software when the software is ready for its intended use. Costs related to planning and other preliminary project activities and post-implementation activities are expensed as incurred.
Goodwill and intangible assets	h) Goodwill and intangible assets Intangible assets that have finite useful lives are amortized over their estimated useful lives. The Company’s core deposit intangible assets represent the value of the anticipated future cost savings that will result from the acquired core deposit relationships versus an alternative source of funding. Judgment may be used in assessing goodwill and intangible assets for impairment. Estimates of fair value are based on projections of revenues, operating costs and cash flows of the reporting unit considering historical and anticipated future results, general economic and market conditions, as well as the impact of planned business or operational strategies. The valuations use a combination of present value techniques to measure fair value considering market factors. Additionally, judgment is used in determining the useful lives of finite-lived intangible assets. Adverse changes in the economic environment, operations of the reporting unit, or changes in judgments and projections could result in a significantly different estimate of the fair value of the reporting unit and could result in an impairment of goodwill and/or intangible assets. Servicing right assets associated with loans originated and sold, where servicing is retained, are initially capitalized at fair value and included in intangible assets in the consolidated statements of financial condition. For subsequent measurement purposes, the Company measures servicing assets based on the lower of cost or market using the amortization method. The values of these capitalized servicing rights are amortized as an offset to the loan servicing income earned in relation to the servicing revenue expected to be earned. The carrying values of these rights are reviewed quarterly for impairment based on the fair value of those assets. For purposes of impairment evaluation and measurement, management stratifies servicing right assets based on the predominant risk characteristics of the underlying loans, including loan type and loan term. If, by individual stratum, the carrying amount of these servicing right assets exceeds fair value, a valuation allowance is established and the impairment is recognized in the consolidated statements of operations. If the fair value of impaired servicing right assets subsequently increases, management recognizes the increase in fair value in current period non-interest income and, through a reduction in the valuation allowance, adjusts the carrying value of the servicing right assets to a level not in excess of amortized cost.
Reserve for Mortgage Loan Repurchase Losses	i) Reserve for Mortgage Loan Repurchase Losses– representations or warranties. Risk associated with potential repurchases or other forms of settlement is managed through underwriting and quality assurance practices. The Company establishes mortgage repurchase reserves related to various representations and warranties that reflect management’s estimate of losses based on a combination of factors. Such factors incorporate actual and historic loss history, delinquency trends or other deficiencies found in the portfolio and economic conditions. The Company establishes a reserve at the time loans are sold and updates the reserve estimate quarterly during the estimated loan life. The repurchase reserve is included in other liabilities in the consolidated statements of financial condition.
Other real estate owned	j) Other real estate owned
Bank-owned life insurance	k) Bank-owned life insurance
Securities purchased under agreements to resell and securities sold under agreements to repurchase	l) Securities purchased under agreements to resell and securities sold under agreements to repurchase
Stock-based compensation	m) Stock-based compensation The fair value of stock options is measured using a Black-Scholes model. The fair value of time-based restricted stock awards and performance stock units with performance based vesting criteria is based on the Company’s stock price on the date of grant. The fair value of performance stock units with market-based vesting criteria is measured using a Monte Carlo simulation model. Compensation expense for the portion of the awards that contain performance and service vesting conditions is recognized over the requisite service period based on the fair value of the awards on the grant date. Compensation expense for the portion of the awards that contain a market vesting condition is recognized over the derived service period based on the fair value of the awards on the grant date. The amortization of stock-based compensation reflects any estimated forfeitures, and the expense realized in subsequent periods may be adjusted to reflect the actual forfeitures realized. The outstanding stock options primarily carry a maximum contractual term of ten years. To the extent that any award is forfeited, surrendered, terminated, expires, or lapses without being vested or exercised, the shares of stock subject to such award not delivered are again made available for awards under the 2023 Plan. Excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) are recognized in the consolidated statements of operations as a component of income tax expense or benefit and are classified as an operating activity within the Company’s consolidated statements of cash flows. The tax effects of exercised, expired or vested awards are treated as discrete items in the reporting period in which they occur and may result in increased volatility in our effective tax rate. Cash paid by the Company when directly withholding shares for tax withholding purposes is classified as a financing activity in the consolidated statements of cash flows.
Income taxes	n) Income taxes Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. Deferred tax assets and liabilities are adjusted for the effects of changes in tax rates in the period of change. The Company establishes a valuation allowance when management believes, based on the weight of available evidence, it is more likely than not that some portion of the deferred tax assets will not be realized. The Company recognizes and measures income tax benefits based upon a two-step model: 1) a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized; and 2) the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized for a position in this model and the tax benefit claimed on a tax return is treated as an unrecognized tax benefit. The Company recognizes income tax related interest and penalties in other non-interest expense.
Earnings per share	o) Earnings per share
Interest Rate Swap Derivatives	p) Interest Rate Swap Derivatives The Company offers interest rate swap products to certain of its clients to manage potential changes in interest rates. Each contract between the Company and a client is offset with a contract between the Company and an institutional counterparty, thus minimizing the Company's exposure to rate changes. The Company's portfolio consists of a “matched book,” and as such, changes in fair value of the swap pairs will largely offset in earnings. In accordance with applicable accounting guidance, if certain conditions are met, a derivative may be designated as (1) a hedge of the exposure to changes in the fair value of a recognized asset or liability, or of an unrecognized firm commitment, that are attributable to a particular risk (referred to as a fair value hedge) or (2) a hedge of the exposure to variability in the cash flows of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk (referred to as a cash flow hedge). The Company documents all hedging relationships at the inception of each hedging relationship and uses industry accepted methodologies and ranges to determine the effectiveness of each hedge. The fair value of the hedged item is calculated using the estimated future cash flows of the hedged item and applying discount rates equal to the market interest rate for the hedged item at the inception of the hedging relationship (inception benchmark interest rate plus an inception credit spread), adjusted for changes in the designated benchmark interest rate thereafter.
Treasury stock	q) Treasury stock to additional paid-in capital in the consolidated statements of financial condition. If the reissuance price is less than the cost basis (loss), the difference is recorded to additional paid-in capital to the extent there is a cumulative treasury stock paid-in capital balance. Any loss in excess of the cumulative treasury stock paid-in capital balance is charged to retained earnings.
Acquisition activities	r) Acquisition activities Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). The depositor relationship related to deposit liabilities, the client relationship related to assets under management and acquired technology intangibles (known as the core deposit, client relationship and acquired technology intangible assets, respectively) may be exchanged in observable exchange transactions. As a result, these intangible assets are considered identifiable, because the separability criterion has been met.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
Investment Securities (Tables)	Dec. 31, 2024
Investment Securities
Summary of available-for-sale securities	Available-for-sale securities are summarized as follows as of the dates indicated: December 31, 2024 Amortized Gross Gross cost unrealized gains unrealized losses Fair value U.S. Treasury securities $ 24,958 $ — $ (84) $ 24,874 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 164,785 53 (29,793) 135,045 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 425,476 432 (60,970) 364,938 Corporate debt 2,000 — (38) 1,962 Other securities 728 — — 728 Total investment securities available-for-sale $ 617,947 $ 485 $ (90,885) $ 527,547 December 31, 2023 Amortized Gross Gross cost unrealized gains unrealized losses Fair value U.S. Treasury securities $ 74,508 $ — $ (1,464) $ 73,044 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 233,264 57 (31,512) 201,809 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 417,155 — (65,913) 351,242 Municipal securities 80 — (1) 79 Corporate debt 2,000 — (157) 1,843 Other securities 812 — — 812 Total investment securities available-for-sale $ 727,819 $ 57 $ (99,047) $ 628,829
Summary of unrealized losses for available-for-sale securities	The tables below summarize the available-for-sale securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2024 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 24,874 $ (84) $ 24,874 $ (84) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises — — 132,935 (29,793) 132,935 (29,793) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 41,426 (95) 264,621 (60,875) 306,047 (60,970) Corporate debt — — 1,963 (38) 1,963 (38) Total $ 41,426 $ (95) $ 424,393 $ (90,790) $ 465,819 $ (90,885) December 31, 2023 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 73,044 $ (1,464) $ 73,044 $ (1,464) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 9 — 199,000 (31,512) 199,009 (31,512) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 138 (1) 351,104 (65,912) 351,242 (65,913) Municipal securities — — 79 (1) 79 (1) Corporate debt — — 1,843 (157) 1,843 (157) Total $ 147 $ (1) $ 625,070 $ (99,046) $ 625,217 $ (99,047)
Summary of credit quality indicators, by fair value, of available-for-sale securities	December 31, 2024 AA+ Not rated Total U.S. Treasury securities $ 24,874 $ — $ 24,874 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 135,045 — 135,045 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 364,938 — 364,938 Corporate debt — 1,962 1,962 Other securities — 728 728 Total investment securities available-for-sale $ 524,857 $ 2,690 $ 527,547 December 31, 2023 AAA Not rated Total U.S. Treasury securities $ 73,044 $ — $ 73,044 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 201,809 — 201,809 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 351,242 — 351,242 Municipal securities — 79 79 Corporate debt — 1,843 1,843 Other securities — 812 812 Total investment securities available-for-sale $ 626,095 $ 2,734 $ 628,829
Summary of available-for-sale and held-to-maturity securities by maturity	December 31, 2024 Weighted Amortized cost Fair value average yield U.S. Treasury securities Within one year $ 24,958 $ 24,874 2.55% Corporate debt After five but within ten years 2,000 1,962 5.86% 0 December 31, 2024 Weighted Amortized cost Fair value average yield U.S. Treasury securities Within one year $ 24,974 $ 24,884 3.18% After one but within five years 24,665 24,275 3.10% Total $ 49,639 $ 49,159 3.14%
Summary of held-to-maturity securities	Held-to-maturity investment securities are summarized as follows as of the dates indicated: December 31, 2024 Gross Gross Amortized unrealized unrealized cost gains losses Fair value U.S. Treasury securities $ 49,639 $ — $ (480) $ 49,159 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 271,105 51 (36,870) 234,286 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 212,364 — (44,423) 167,941 Total investment securities held-to-maturity $ 533,108 $ 51 $ (81,773) $ 451,386 December 31, 2023 Gross Gross Amortized unrealized unrealized cost gains losses Fair value U.S. Treasury securities $ 49,338 $ — $ (1,004) $ 48,334 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 299,337 226 (34,552) 265,011 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 236,377 2 (45,396) 190,983 Total investment securities held-to-maturity $ 585,052 $ 228 $ (80,952) $ 504,328
Summary of unrealized losses for held-to-maturity securities	The held-to-maturity portfolio included 160 securities which were in an unrealized loss position at December 31, 2024, compared to 123 securities at December 31, 2023. The tables below summarize the held-to-maturity securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2024 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 49,159 $ (480) $ 49,159 $ (480) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 45,427 (880) 185,558 (35,990) 230,985 (36,870) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 2,818 (51) 165,123 (44,372) 167,941 (44,423) Total $ 48,245 $ (931) $ 399,840 $ (80,842) $ 448,085 $ (81,773) December 31, 2023 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses U.S. Treasury securities $ — $ — $ 48,334 $ (1,004) $ 48,334 $ (1,004) Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 14,689 (72) 217,467 (34,480) 232,156 (34,552) Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 2,289 (37) 187,021 (45,359) 189,310 (45,396) Total $ 16,978 $ (109) $ 452,822 $ (80,843) $ 469,800 $ (80,952)
Summary of credit quality indicators, by amortized cost, of held-to-maturity securities	The table below summarizes the credit quality indicators, by amortized cost, of held-to-maturity securities as of the dates shown: December 31, 2024 December 31, 2023 AA+ AAA U.S. Treasury securities $ 49,639 $ 49,338 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises 271,105 299,337 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises 212,364 236,377 Total investment securities held-to-maturity $ 533,108 $ 585,052

Non-marketable Securities (Tabl

Non-marketable Securities (Tables)	12 Months Ended
Non-marketable Securities (Tables)	Dec. 31, 2024
Non-marketable Securities
Schedule of carrying balance of non-marketable securities	December 31, 2024 December 31, 2023 Federal Reserve Bank stock $ 24,062 $ 24,062 Federal Home Loan Bank stock 3,922 16,828 Convertible preferred stock 20,508 25,000 Equity method investments 27,970 24,587 Total $ 76,462 $ 90,477

Loans (Tables)

Loans (Tables)	12 Months Ended
Loans (Tables)	Dec. 31, 2024
Loans
Schedule of loan portfolio composition including carrying value by segment	December 31, 2024 Total loans % of total Commercial $ 4,670,430 60.2% Commercial real estate non-owner occupied 1,812,338 23.4% Residential real estate 1,253,838 16.2% Consumer 14,537 0.2% Total $ 7,751,143 100.0% December 31, 2023 Total loans % of total Commercial $ 4,499,035 58.4% Commercial real estate non-owner occupied 1,856,750 24.1% Residential real estate 1,323,787 17.2% Consumer 19,186 0.3% Total $ 7,698,758 100.0%
Schedule of information about delinquent and non-accrual loans	Information about delinquent and non-accrual loans is shown in the following tables at December 31, 2024 and 2023: December 31, 2024 Greater 30-89 days than 90 days Total past past due and past due and Non-accrual due and accruing accruing loans non-accrual Current Total loans Commercial: Commercial and industrial $ 20,290 $ 5,492 $ 21,950 $ 47,732 $ 1,948,093 $ 1,995,825 Municipal and non-profit — — — — 1,107,142 1,107,142 Owner occupied commercial real estate 1,611 9,447 195 11,253 1,252,891 1,264,144 Food and agribusiness — — 587 587 302,732 303,319 Total commercial 21,901 14,939 22,732 59,572 4,610,858 4,670,430 Commercial real estate non-owner occupied: Construction — — — — 250,335 250,335 Acquisition/development — — — — 82,862 82,862 Multifamily — — — — 320,781 320,781 Non-owner occupied 158 — 5,971 6,129 1,152,231 1,158,360 Total commercial real estate non-owner occupied 158 — 5,971 6,129 1,806,209 1,812,338 Residential real estate: Senior lien 952 — 6,747 7,699 1,161,568 1,169,267 Junior lien 133 — 505 638 83,933 84,571 Total residential real estate 1,085 — 7,252 8,337 1,245,501 1,253,838 Consumer 20 1 39 60 14,477 14,537 Total loans $ 23,164 $ 14,940 $ 35,994 $ 74,098 $ 7,677,045 $ 7,751,143 December 31, 2024 Non-accrual loans Non-accrual loans with a related with no related allowance for allowance for Non-accrual credit loss credit loss loans Commercial: Commercial and industrial $ 12,746 $ 9,204 $ 21,950 Owner occupied commercial real estate 195 — 195 Food and agribusiness 1 586 587 Total commercial 12,942 9,790 22,732 Commercial real estate non-owner occupied: Non-owner occupied 5,971 — 5,971 Total commercial real estate non-owner occupied 5,971 — 5,971 Residential real estate: Senior lien 3,319 3,428 6,747 Junior lien 505 — 505 Total residential real estate 3,824 3,428 7,252 Consumer 39 — 39 Total loans $ 22,776 $ 13,218 $ 35,994 December 31, 2023 Greater 30-89 days than 90 days Total past past due and past due and Non-accrual due and accruing accruing loans non-accrual Current Total loans Commercial: Commercial and industrial $ 9,179 $ — $ 2,250 $ 11,429 $ 1,955,480 $ 1,966,909 Municipal and non-profit — — — — 1,083,756 1,083,756 Owner occupied commercial real estate — — 755 755 1,123,018 1,123,773 Food and agribusiness — 12 5,762 5,774 318,823 324,597 Total commercial 9,179 12 8,767 17,958 4,481,077 4,499,035 Commercial real estate non-owner occupied: Construction — — — — 405,250 405,250 Acquisition/development 1,077 — — 1,077 99,019 100,096 Multifamily — — — — 311,770 311,770 Non-owner occupied 60 — 13,472 13,532 1,026,102 1,039,634 Total commercial real estate non-owner occupied 1,137 — 13,472 14,609 1,842,141 1,856,750 Residential real estate: Senior lien 1,410 50 5,488 6,948 1,226,651 1,233,599 Junior lien 375 528 448 1,351 88,837 90,188 Total residential real estate 1,785 578 5,936 8,299 1,315,488 1,323,787 Consumer 131 1 53 185 19,001 19,186 Total loans $ 12,232 $ 591 $ 28,228 $ 41,051 $ 7,657,707 $ 7,698,758 December 31, 2023 Non-accrual loans Non-accrual loans with a related with no related allowance for allowance for Non-accrual credit loss credit loss loans Commercial: Commercial and industrial $ 2,250 $ — $ 2,250 Owner occupied commercial real estate 755 — 755 Food and agribusiness 5,176 586 5,762 Total commercial 8,181 586 8,767 Commercial real estate non-owner occupied: Non-owner occupied 13,472 — 13,472 Total commercial real estate non-owner occupied 13,472 — 13,472 Residential real estate: Senior lien 3,277 2,211 5,488 Junior lien 448 — 448 Total residential real estate 3,725 2,211 5,936 Consumer 53 — 53 Total loans $ 25,431 $ 2,797 $ 28,228
Schedule of the amortized cost basis and current period gross charge-offs for all loans as determined by the Company's internal risk rating system and year of origination	The amortized cost basis and current period gross charge-offs for all loans as determined by the Company’s internal risk rating system and year of origination is shown in the following tables as of and for the years ended December 31, 2024 and 2023: December 31, 2024 Revolving Revolving loans loans Origination year amortized converted 2024 2023 2022 2021 2020 Prior cost basis to term Total Commercial: Commercial and industrial: Pass $ 445,993 $ 181,920 $ 332,246 $ 215,561 $ 51,902 $ 92,115 $ 468,752 $ 2,614 $ 1,791,103 Special mention 8,005 32,319 13,753 17,496 12,915 5,552 16,146 651 106,837 Substandard 13,417 34,320 8,909 21,575 3,011 2,020 8,982 387 92,621 Doubtful 1,250 1,159 1,490 17 975 373 — — 5,264 Total commercial and industrial 468,665 249,718 356,398 254,649 68,803 100,060 493,880 3,652 1,995,825 Gross charge-offs: Commercial and industrial — 2,028 — 26 155 156 — — 2,365 Municipal and non-profit: Pass 116,551 152,183 137,249 217,362 73,399 378,561 29,747 — 1,105,052 Special mention — — — 170 1,920 — — — 2,090 Total municipal and non-profit 116,551 152,183 137,249 217,532 75,319 378,561 29,747 — 1,107,142 Owner occupied commercial real estate: Pass 269,810 205,119 225,766 131,547 83,791 232,653 20,912 8,990 1,178,588 Special mention 430 1,664 13,798 23,482 268 12,744 — — 52,386 Substandard — 7,180 15,266 3,397 1,243 4,759 847 — 32,692 Doubtful — — — — — 478 — — 478 Total owner occupied commercial real estate 270,240 213,963 254,830 158,426 85,302 250,634 21,759 8,990 1,264,144 Gross charge-offs: Owner occupied commercial real estate — — 13 — — — — — 13 Food and agribusiness: Pass 14,727 9,884 68,909 6,587 5,940 33,081 156,113 344 295,585 Special mention — — 4,045 2,898 — 204 — — 7,147 Substandard — — — 586 — 1 — — 587 Total food and agribusiness 14,727 9,884 72,954 10,071 5,940 33,286 156,113 344 303,319 Gross charge-offs: Food and agribusiness — — — — — 2,704 — — 2,704 Total commercial 870,183 625,748 821,431 640,678 235,364 762,541 701,499 12,986 4,670,430 Gross charge-offs: Commercial — 2,028 13 26 155 2,860 — — 5,082 Commercial real estate non-owner occupied: Construction: Pass 55,139 59,137 54,735 33,859 917 — 46,548 — 250,335 Total construction 55,139 59,137 54,735 33,859 917 — 46,548 — 250,335 Acquisition/development: Pass 16,645 4,038 31,028 20,412 1,079 8,110 184 — 81,496 Special mention — — 1,072 — — — — — 1,072 Substandard — — — — — 294 — — 294 Total acquisition/development 16,645 4,038 32,100 20,412 1,079 8,404 184 — 82,862 Multifamily: Pass 1,363 16,470 138,872 70,419 45,700 31,034 853 — 304,711 Special mention 4,159 — 8,091 3,820 — — — — 16,070 Total multifamily 5,522 16,470 146,963 74,239 45,700 31,034 853 — 320,781 Non-owner occupied Pass 68,192 143,857 303,998 143,085 125,374 304,162 11,018 — 1,099,686 Special mention 5,246 1,298 17,272 12,184 — 16,009 — — 52,009 Substandard — — — 5,516 — 694 — — 6,210 Doubtful — — — 455 — — — — 455 Total non-owner occupied 73,438 145,155 321,270 161,240 125,374 320,865 11,018 — 1,158,360 Gross charge-offs: Commercial real estate non-owner occupied — — 293 — — 4,422 — — 4,715 Total commercial real estate non-owner occupied 150,744 224,800 555,068 289,750 173,070 360,303 58,603 — 1,812,338 Gross charge-offs: Commercial real estate non-owner occupied — — 293 — — 4,422 — — 4,715 Residential real estate: Senior lien Pass 66,465 77,136 415,279 280,209 100,990 174,830 46,053 583 1,161,545 Special mention — — — — — 16 — — 16 Substandard 64 663 3,422 700 394 2,270 — — 7,513 Doubtful — — 172 — — 21 — — 193 Total senior lien 66,529 77,799 418,873 280,909 101,384 177,137 46,053 583 1,169,267 Junior lien Pass 6,870 3,498 4,614 1,789 1,964 5,488 59,331 311 83,865 Special mention — — — — — 27 — — 27 Substandard 44 — 240 — 89 134 172 — 679 Total junior lien 6,914 3,498 4,854 1,789 2,053 5,649 59,503 311 84,571 Total residential real estate 73,443 81,297 423,727 282,698 103,437 182,786 105,556 894 1,253,838 Consumer Pass 4,557 1,994 1,443 942 528 169 4,795 71 14,499 Substandard — — — — — 38 — — 38 Total consumer 4,557 1,994 1,443 942 528 207 4,795 71 14,537 Gross charge-offs: Consumer 877 23 30 3 — 48 — — 981 Total loans $ 1,098,927 $ 933,839 $ 1,801,669 $ 1,214,068 $ 512,399 $ 1,305,837 $ 870,453 $ 13,951 $ 7,751,143 Gross charge-offs: Total loans 877 2,051 336 29 155 7,330 — — 10,778 December 31, 2023 Revolving Revolving loans loans Origination year amortized converted 2023 2022 2021 2020 2019 Prior cost basis to term Total Commercial: Commercial and industrial: Pass $ 348,103 $ 396,618 $ 271,201 $ 87,234 $ 41,261 $ 106,711 $ 563,924 $ 31,620 $ 1,846,672 Special mention 4,775 12,259 31,895 20,340 2,202 683 18,344 3,470 93,968 Substandard 13,729 4,555 4,248 1,314 179 347 910 — 25,282 Doubtful 600 — — 387 — — — — 987 Total commercial and industrial 367,207 413,432 307,344 109,275 43,642 107,741 583,178 35,090 1,966,909 Gross charge-offs: Commercial and industrial — 12 215 — 47 3 — — 277 Municipal and non-profit: Pass 139,591 140,626 246,088 82,590 53,460 389,867 31,534 — 1,083,756 Total municipal and non-profit 139,591 140,626 246,088 82,590 53,460 389,867 31,534 — 1,083,756 Owner occupied commercial real estate: Pass 236,897 275,644 181,472 97,523 86,761 163,997 18,281 — 1,060,575 Special mention 2,074 19,191 7,808 — 2,650 27,653 — — 59,376 Substandard — 515 1,732 — 687 234 — — 3,168 Doubtful — 6 — — — 648 — — 654 Total owner occupied commercial real estate 238,971 295,356 191,012 97,523 90,098 192,532 18,281 — 1,123,773 Food and agribusiness: Pass 16,917 69,212 14,159 15,379 10,417 34,592 149,125 51 309,852 Special mention — — 4,646 — — 3,724 450 — 8,820 Substandard — — 586 — — 180 1,786 — 2,552 Doubtful — — — — — — 3,373 — 3,373 Total food and agribusiness 16,917 69,212 19,391 15,379 10,417 38,496 154,734 51 324,597 Total commercial 762,686 918,626 763,835 304,767 197,617 728,636 787,727 35,141 4,499,035 Gross charge-offs: Commercial — 12 215 — 47 3 — — 277 Commercial real estate non-owner occupied: Construction: Pass 43,385 190,826 59,477 63,486 1,006 — 47,070 — 405,250 Total construction 43,385 190,826 59,477 63,486 1,006 — 47,070 — 405,250 Acquisition/development: Pass 13,228 39,000 21,011 5,992 597 8,814 7,416 2,961 99,019 Special mention — 1,077 — — — — — — 1,077 Total acquisition/development 13,228 40,077 21,011 5,992 597 8,814 7,416 2,961 100,096 Multifamily: Pass 16,450 113,936 92,574 16,938 39,371 31,671 830 — 311,770 Total multifamily 16,450 113,936 92,574 16,938 39,371 31,671 830 — 311,770 Non-owner occupied Pass 116,168 241,563 172,042 91,188 124,291 236,694 6,694 — 988,640 Special mention — — — 21,268 3,876 2,489 — — 27,633 Substandard — — — — — 19,848 — — 19,848 Doubtful — — — 280 — 3,233 — — 3,513 Total non-owner occupied 116,168 241,563 172,042 112,736 128,167 262,264 6,694 — 1,039,634 Total commercial real estate non-owner occupied 189,231 586,402 345,104 199,152 169,141 302,749 62,010 2,961 1,856,750 Residential real estate: Senior lien Pass 87,608 434,963 316,080 112,582 42,752 183,890 48,462 94 1,226,431 Special mention — — — — — 515 — — 515 Substandard 1,555 1,119 740 415 620 2,167 — — 6,616 Doubtful — — — — — 37 — — 37 Total senior lien 89,163 436,082 316,820 112,997 43,372 186,609 48,462 94 1,233,599 Gross charge-offs: Senior lien — — — — — 48 — — 48 Junior lien Pass 4,920 4,464 1,712 2,947 2,270 4,729 66,441 684 88,167 Special mention — — — — — 27 249 — 276 Substandard 263 149 236 758 — 339 — — 1,745 Total junior lien 5,183 4,613 1,948 3,705 2,270 5,095 66,690 684 90,188 Total residential real estate 94,346 440,695 318,768 116,702 45,642 191,704 115,152 778 1,323,787 Gross charge-offs: Residential real estate — — — — — 48 — — 48 Consumer Pass 5,945 3,330 2,233 997 244 410 5,947 27 19,133 Substandard — — — — — 50 3 — 53 Total consumer 5,945 3,330 2,233 997 244 460 5,950 27 19,186 Gross charge-offs: Consumer 1,225 13 1 2 1 8 — — 1,250 Total loans $ 1,052,208 $ 1,949,053 $ 1,429,940 $ 621,618 $ 412,644 $ 1,223,549 $ 970,839 $ 38,907 $ 7,698,758 Gross charge-offs: Total loans 1,225 25 216 2 48 59 — — 1,575
Schedule of collateral dependent loans	December 31, 2024 Total amortized Real property Business assets cost basis Commercial: Commercial and industrial $ 6,281 $ 4,924 $ 11,205 Owner occupied commercial real estate 1,343 — 1,343 Food and agribusiness 586 — 586 Total commercial 8,210 4,924 13,134 Commercial real estate non-owner occupied: Non-owner occupied 5,971 — 5,971 Total commercial real estate non-owner occupied 5,971 — 5,971 Residential real estate: Senior lien 5,075 — 5,075 Junior lien 222 — 222 Total residential real estate 5,297 — 5,297 Total loans $ 19,478 $ 4,924 $ 24,402 December 31, 2023 Total amortized Real property Business assets cost basis Commercial: Commercial and industrial $ 1,946 $ 220 $ 2,166 Owner occupied commercial real estate 1,883 — 1,883 Food and agribusiness 586 5,159 5,745 Total commercial 4,415 5,379 9,794 Commercial real estate non-owner occupied: Non-owner occupied 19,993 — 19,993 Total commercial real estate non-owner occupied 19,993 — 19,993 Residential real estate: Senior lien 2,661 — 2,661 Total residential real estate 2,661 — 2,661 Total loans $ 27,069 $ 5,379 $ 32,448
Schedule of modified loans to borrowers experiencing financial difficulty	The following schedules present, by loan class, the amortized cost basis for loans to borrowers experiencing financial difficulty that remain outstanding and were modified during the years ended December 31, 2024 and 2023: As of and for the year ended December 31, 2024 Combination - interest rate Combination - term extension Term extension Payment delay reduction and term extension and payment delay Amortized % of loan Amortized % of loan Amortized % of loan Amortized % of loan cost basis class cost basis class cost basis class cost basis class Commercial: Commercial and industrial $ 1,488 0.1% $ 10,429 0.5% $ — 0.0% $ — 0.0% Owner occupied commercial real estate — 0.0% 1,664 0.1% — 0.0% — 0.0% Total commercial 1,488 0.0% 12,093 0.3% — 0.0% — 0.0% Commercial real estate non-owner occupied: Non-owner occupied 164 0.0% — 0.0% — 0.0% — 0.0% Total commercial real estate non-owner occupied 164 0.0% — 0.0% — 0.0% — 0.0% Residential real estate: Senior lien — 0.0% 851 0.1% 21 0.0% 382 0.0% Junior lien — 0.0% — 0.0% 44 0.1% — 0.0% Total residential real estate — 0.0% 851 0.1% 65 0.0% 382 0.0% Total loans $ 1,652 0.0% $ 12,944 0.2% $ 65 0.0% $ 382 0.0% As of and for the year ended December 31, 2023 Term extension Payment delay Amortized % of loan Amortized % of loan cost basis class cost basis class Commercial: Commercial and industrial $ — 0.0% $ 8,936 0.5% Total commercial — 0.0% 8,936 0.2% Commercial real estate non-owner occupied: Non-owner occupied 18,770 1.8% — 0.0% Total commercial real estate non-owner occupied 18,770 1.0% — 0.0% Residential real estate: Senior lien 652 0.1% — 0.0% Junior lien 263 0.3% — 0.0% Total residential real estate 915 0.1% — 0.0% Total loans $ 19,685 0.3% $ 8,936 0.1%
Schedule of payment status of loans	December 31, 2024 Current 30-89 days past due 90+ days past due Non-accrual Commercial: Commercial and industrial $ 9,067 $ — $ 2,851 $ — Owner occupied commercial real estate 1,664 — — — Total commercial 10,731 — 2,851 — Commercial real estate non-owner occupied: Non-owner occupied 164 — — — Total commercial real estate non-owner occupied 164 — — — Residential real estate: Senior lien 871 — — 382 Junior lien — — — 44 Total residential real estate 871 — — 426 Total loans $ 11,766 $ — $ 2,851 $ 426 December 31, 2023 Current 30-89 days past due 90+ days past due Non-accrual Commercial: Commercial and industrial $ 8,936 $ — $ — $ — Total commercial 8,936 — — — Commercial real estate non-owner occupied: Non-owner occupied 5,298 — — 13,472 Total commercial real estate non-owner occupied 5,298 — — 13,472 Residential real estate: Senior lien 652 — — — Junior lien 263 Total residential real estate 915 — — — Total loans $ 15,149 $ — $ — $ 13,472
Schedule of financial effect of the modifications made to borrowers experiencing financial difficulty	As of and for the year ended December 31, 2024 Financial effect Term extension Payment delay Combination - Interest rate reduction and Term extension Combination - Term extension and Payment delay Commercial: Commercial and industrial Extended a weighted average of 0.5 years to the life of loans Delayed payments for a weighted average of 0.4 years Owner occupied commercial real estate Delayed payments for a weighted average of 0.5 years Commercial real estate non-owner occupied: Non-owner occupied Extended a weighted average of 7.5 years to the life of loans Residential real estate: Senior lien Delayed payments for a weighted average of 0.3 years Reduced weighted average contractual interest rate by 1.5% and extended a weighted average of 11 years to the life of loans Extended a weighted average of 0.7 years to the life of loans and delayed payments for a weighted average of 0.7 years Junior lien Reduced weighted average contractual interest rate by 1.1% and extended a weighted average of 10 years to the life of loans As of and for the year ended December 31, 2023 Financial effect Term extension Payment delay Combination - Interest rate reduction and Term extension Commercial: Commercial and industrial Delayed payments for a weighted average of 0.5 years Commercial real estate non-owner occupied: Non-owner occupied Extended a weighted average of 0.3 years to the life of loans Residential real estate: Senior lien Reduced weighted average contractual interest rate by 2.5% and extended a weighted average life of 30 years Junior lien Extended a weighted average of 1.3 years to the life of loans

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
Allowance for Credit Losses (Tables)	Dec. 31, 2024
Allowance for Credit Losses
Summary of Company's Allowance for Loan Losses ("ALL") and Recorded Investment in Loans	Year ended December 31, 2024 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 45,304 $ 32,665 $ 19,550 $ 428 $ 97,947 Charge-offs (5,082) (4,715) — (981) (10,778) Recoveries 493 7 97 359 956 Provision expense (release) for credit losses 7,837 (1,821) (221) 535 6,330 Ending balance $ 48,552 $ 26,136 $ 19,426 $ 341 $ 94,455 Year ended December 31, 2023 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 37,608 $ 32,050 $ 19,306 $ 589 $ 89,553 Charge-offs (277) — (48) (1,250) (1,575) Recoveries 290 3 26 125 444 Provision expense for credit losses 7,683 612 266 964 9,525 Ending balance $ 45,304 $ 32,665 $ 19,550 $ 428 $ 97,947

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2024
Leases
Summary of future minimum lease payments	Below is a summary of undiscounted future minimum lease payments as of December 31, 2024: Years ending December 31, Amount 2025 $ 5,425 2026 4,109 2027 3,790 2028 3,412 2029 2,829 Thereafter 17,931 Total lease payments 37,496 Less: Imputed interest (8,558) Present value of operating lease liabilities $ 28,938

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
Premises and Equipment (Tables)	Dec. 31, 2024
Premises and Equipment
Schedule of Premises and Equipment	Premises and equipment consisted of the following at December 31, 2024 and 2023: December 31, 2024 December 31, 2023 Land $ 43,720 $ 40,079 Buildings and improvements 122,905 114,006 Equipment and software 144,956 113,496 Total premises and equipment, at cost 311,581 267,581 Less: accumulated depreciation and amortization (114,808) (104,848) Premises and equipment, net $ 196,773 $ 162,733

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	12 Months Ended
Other Real Estate Owned (Tables)	Dec. 31, 2024
Other Real Estate Owned
Summary of Activity in OREO Balances	A summary of the activity in OREO during 2024 and 2023 is as follows: For the years ending December 31, 2024 2023 Beginning balance $ 4,088 $ 3,731 Transfers from loan portfolio, at fair value 427 1,207 Impairments — (249) Sales (3,853) (601) Ending balance $ 662 $ 4,088

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2024
Summary of gross carrying amount of intangible assets and the associated accumulated amortization	December 31, 2024 December 31, 2023 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount Core deposit intangible $ 91,566 $ (55,417) $ 36,149 $ 91,566 $ (50,095) $ 41,471 Customer relationship intangible 17,000 (4,024) 12,976 17,000 (1,867) 15,133 Acquired technology intangible 2,300 (690) 1,610 2,300 (230) 2,070 Total $ 110,866 $ (60,131) $ 50,735 $ 110,866 $ (52,192) $ 58,674
Summary of changes in the mortgage servicing rights	For the years ending December 31, 2024 2023 Beginning balance $ 4,911 $ 9,162 Originations 404 1,183 Sales — (4,664) Recovery 61 5 Amortization (541) (775) Ending balance 4,835 4,911 Fair value of mortgage servicing rights $ 7,451 $ 7,124
Schedule of changes in the SBA servicing assets	For the year ended December 31, 2024 2023 Beginning balance $ 2,440 $ 2,666 Originations 1,150 358 Disposals (569) (353) Recovery (impairment) 124 (75) Amortization (283) (156) Ending balance 2,862 2,440 Fair value of mortgage servicing rights $ 2,862 $ 2,440
Other intangible assets
Summary of estimated future amortization expense for the next five years	The following table shows the estimated future amortization expense during the next five years for other intangible assets as of December 31, 2024: Years ending December 31, Amount 2025 $ 7,786 2026 7,664 2027 7,542 2028 6,142 2029 5,790
MSRs
Summary of estimated future amortization expense for the next five years	The following table shows the estimated future amortization expense during the next five years for the MSRs as of December 31, 2024: Years ending December 31, Amount 2025 $ 537 2026 477 2027 424 2028 377 2029 335

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2024
Deposits
Summary of Time Deposits Based Upon Contractual Maturity	Years ending December 31, Amount 2025 $ 822,644 2026 123,415 2027 53,647 2028 17,145 2029 2,691 Thereafter 494 Total time deposits $ 1,020,036
Schedule of Interest Expense on Deposits	For the years ended December 31, 2024 2023 2022 Interest bearing demand deposits $ 39,938 $ 26,984 $ 2,163 Money Market accounts 105,688 57,028 5,808 Savings accounts 6,057 3,945 1,376 Time deposits 34,509 21,421 5,249 Total $ 186,192 $ 109,378 $ 14,596

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
Borrowings (Tables)	Dec. 31, 2024
Borrowings
Schedule of Selected Information Regarding Repurchase Agreements	As of and for the years ended December 31, 2024 2023 2022 Maximum amount of outstanding agreements at any month end during the period $ 22,771 $ 23,768 $ 25,342 Average amount outstanding during the period 17,973 19,346 21,298 Weighted average interest rate for the period 0.12% 0.11% 0.20%

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
Regulatory Capital (Tables)	Dec. 31, 2024
Regulatory Capital
Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements	December 31, 2024 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated 10.7% $ 1,037,550 N/A N/A 4.0% $ 388,278 NBH Bank 9.5% 921,509 5.0% $ 483,533 4.0% 386,826 Bank of Jackson Hole Trust 31.0% 12,461 5.0% 2,013 4.0% 1,611 Common equity tier 1 risk based capital: Consolidated 13.2% $ 1,037,550 N/A N/A 7.0% $ 550,074 NBH Bank 11.8% 921,509 6.5% $ 508,418 7.0% 547,528 Bank of Jackson Hole Trust 77.2% 12,461 6.5% 1,049 7.0% 1,129 Tier 1 risk based capital ratio: Consolidated 13.2% $ 1,037,550 N/A N/A 8.5% $ 667,947 NBH Bank 11.8% 921,509 8.0% $ 625,746 8.5% 664,855 Bank of Jackson Hole Trust 77.2% 12,461 8.0% 1,291 8.5% 1,371 Total risk based capital ratio: Consolidated 15.1% $ 1,187,514 N/A N/A 10.5% $ 825,111 NBH Bank 13.0% 1,016,471 10.0% $ 782,182 10.5% 821,291 Bank of Jackson Hole Trust 77.3% 12,462 10.0% 1,613 10.5% 1,694 December 31, 2023 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated 9.7% $ 941,369 N/A N/A 4.0% $ 386,775 NBH Bank 8.9% 856,243 5.0% $ 481,685 4.0% 385,348 Bank of Jackson Hole Trust 30.0% 11,609 5.0% 1,936 4.0% 1,549 Common equity tier 1 risk based capital: Consolidated 11.9% $ 941,369 N/A N/A 7.0% $ 554,325 NBH Bank 10.9% 856,243 6.5% $ 512,408 7.0% 551,824 Bank of Jackson Hole Trust 71.2% 11,609 6.5% 1,059 7.0% 1,141 Tier 1 risk based capital ratio: Consolidated 11.9% $ 941,369 N/A N/A 8.5% $ 673,109 NBH Bank 10.9% 856,243 8.0% $ 630,656 8.5% 670,072 Bank of Jackson Hole Trust 71.2% 11,609 8.0% 1,304 8.5% 1,385 Total risk based capital ratio: Consolidated 13.8% $ 1,092,800 N/A N/A 10.5% $ 831,487 NBH Bank 12.1% 952,674 10.0% $ 788,319 10.5% 827,735 Bank of Jackson Hole Trust 71.2% 11,609 10.0% 1,629 10.5% 1,711 (1) Includes the capital conservation buffer of 2.5%.

Revenue from Contracts with C_2

Revenue from Contracts with Clients (Tables)	12 Months Ended
Revenue from Contracts with Clients (Tables)	Dec. 31, 2024
Revenue from Contracts with Clients
Summary of non-interest income segregated by revenue streams	The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, and non-interest expense in-scope of Topic 606 for the years ended December 31, 2024, 2023 and 2022. For the years ending December 31, 2024 2023 2022 Non-interest income In-scope of Topic 606: Service charges and other account-related fees $ 21,605 $ 22,623 $ 18,772 Bank card fees 18,963 19,636 18,299 Other non-interest income 5,606 4,665 583 Non-interest income (in-scope of Topic 606) 46,174 46,924 37,654 Non-interest income (out-of-scope of Topic 606) 15,057 16,993 29,658 Total non-interest income $ 61,231 $ 63,917 $ 67,312 Non-interest expense In-scope of Topic 606: Other non-interest expense $ (385) $ (20) $ 648 Total revenue in-scope of Topic 606 $ 45,789 $ 46,904 $ 38,302

Stock-based Compensation and _2

Stock-based Compensation and Benefits (Tables)	12 Months Ended
Stock-based Compensation and Benefits (Tables)	Dec. 31, 2024
Stock-based Compensation and Benefits
Schedule of weighted average assumptions using Black-Scholes option-pricing model	The Company issued no stock options during 2024. Below are the weighted average assumptions used in the Black-Scholes option pricing model to determine fair value of the Company’s stock options granted in 2023 and 2022: 2023 2022 Weighted average fair value $ 9.01 $ 11.14 Weighted average risk-free interest rate (1) 3.57% 2.69% Expected volatility (2) 32.48% 31.16% Expected term (years) (3) 6.05 6.04 Dividend yield (4) 2.99% 2.24% (1) The risk-free rate for the expected term of the options was based on the U.S. Treasury yield curve at the date of grant and based on the expected term. (2) Expected volatility was calculated using historical volatility of the Company’s stock price for a period commensurate with the expected term of the options. (3) The expected term was estimated to be the average of the contractual vesting term and time to expiration. (4) The dividend yield was calculated in accordance with the Company’s dividend policy at the time of grant.
Summary of Option Activity	The following table summarizes stock option activity for 2024: Weighted average Weighted remaining average contractual Aggregate exercise term in intrinsic Options price years value Outstanding at December 31, 2023 755,546 $ 30.95 5.79 $ 5,270 Granted — — Exercised (177,379) 24.48 Forfeited (14,175) 34.24 Outstanding at December 31, 2024 563,992 32.90 5.37 5,759 Options exercisable at December 31, 2024 472,290 32.36 4.86 5,072 Options vested and expected to vest 558,813 32.88 5.34 5,716
Summary of outstanding stock options	The following table summarizes the Company’s outstanding stock options: Options outstanding Options exercisable Weighted average Number remaining contractual Weighted average Number Weighted average Range of exercise price outstanding life (years) exercise price exercisable exercise price $ 18.00 - 22.99 11,184 0.94 $ 19.43 11,184 $ 19.43 23.00 - 27.99 116,194 5.24 23.15 116,194 23.15 28.00 - 32.99 69,818 3.18 32.63 69,818 32.63 33.00 - 37.99 230,144 5.45 33.84 163,814 33.99 38.00 and above 136,652 6.81 40.84 111,280 40.72
Summary of Restricted Stock Activity	The following table summarizes restricted stock and performance stock unit activity during 2024 and 2023: Weighted Weighted Restricted average grant- Performance average grant- stock shares date fair value stock units date fair value Unvested at December 31, 2022 165,137 $ 38.28 155,857 $ 33.81 Granted 186,546 31.16 79,215 30.57 Adjustment due to performance — — 18,664 25.94 Vested (101,171) 34.42 (74,142) 26.55 Forfeited (9,928) 36.42 (7,812) 34.58 Unvested at December 31, 2023 240,584 $ 34.47 171,782 $ 34.56 Granted 186,050 35.43 79,254 35.24 Adjustment due to performance — — (530) 35.75 Vested (108,762) 35.85 (46,490) 37.82 Forfeited (25,858) 35.97 (5,752) 32.66 Unvested at December 31, 2024 292,014 $ 34.43 198,264 $ 34.31

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2024
Earnings Per Share
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table illustrates the computation of basic and diluted earnings per share for 2024, 2023 and 2022: For the years ended December 31, 2024 2023 2022 Net income $ 118,815 $ 142,048 $ 71,274 Less: income allocated to participating securities (327) (243) (152) Income allocated to common shareholders $ 118,488 $ 141,805 $ 71,122 Weighted average shares outstanding for basic earnings per common share 38,212,304 37,937,579 32,360,005 Dilutive effect of equity awards 206,822 173,629 320,927 Weighted average shares outstanding for diluted earnings per common share 38,419,125 38,111,208 32,680,932 Basic earnings per share $ 3.10 $ 3.74 $ 2.20 Diluted earnings per share 3.08 3.72 2.18

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2024
Income Taxes
Components of Income Tax Expense	Total income taxes for 2024, 2023 and 2022 were allocated as follows: For the years ended December 31, 2024 2023 2022 Current expense: U.S. federal $ 19,076 $ 30,319 $ 7,193 State and local 3,502 5,750 1,831 Total current income tax expense 22,578 36,069 9,024 Deferred expense (benefit): U.S. federal 2,993 (1,564) 5,100 State and local 861 (951) 786 Total deferred income tax expense (benefit) 3,854 (2,515) 5,886 Income tax expense $ 26,432 $ 33,554 $ 14,910
Components of Tax Rate Reconciliation	The reconciliation between the income tax expenses and the amounts computed by applying the U.S. federal income tax rate to pretax income is as follows: For the years ended December 31, 2024 2023 2022 Income tax at federal statutory rates (21%) $ 30,502 $ 36,876 $ 18,098 State income taxes, net of federal benefits 3,447 3,791 2,067 Non-deductible compensation 579 642 514 Non-deductible acquisition costs — — 427 Tax-exempt loan interest income, net (4,480) (4,437) (5,208) Research and development tax credits (1,600) (2,400) — Bank-owned life insurance income (959) (777) (374) Stock-based compensation (451) (345) (402) Other (606) 204 (212) Income tax expense $ 26,432 $ 33,554 $ 14,910
Significant Components of Deferred Taxes	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are presented below: December 31, 2024 December 31, 2023 Deferred tax assets: Allowance for credit losses $ 22,471 $ 23,685 Net unrealized losses on investment securities 21,864 24,367 Lease liability 6,884 7,764 Accrued compensation 5,479 4,939 Accrued stock-based compensation 2,276 2,116 Net unrealized losses on equity securities 1,845 945 Nonaccrual interest income 1,034 1,083 Net deferred loan fees 919 419 Other reserves 499 434 Excess tax basis of acquired loans over carrying value 401 438 Net operating loss 393 461 Capitalized research and development costs — 1,108 Other 2,391 3,098 Total deferred tax assets 66,456 70,857 Deferred tax liabilities: Intangible assets (13,660) (11,883) Right of use assets (6,459) (7,404) Premises and equipment (4,126) (4,840) Mortgage servicing rights (1,511) (1,702) Excess book basis in partnerships (1,174) (908) Capitalized research and development costs (1,123) — Other (3,098) (2,458) Total deferred tax liabilities (31,151) (29,195) Net deferred tax asset $ 35,305 $ 41,662

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
Derivatives (Tables)	Dec. 31, 2024
Derivatives
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the consolidated statements of financial condition as of December 31, 2024 and 2023. Information about the valuation methods used to measure fair value is provided in note 22. Asset derivatives fair value Liability derivatives fair value Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, location 2024 2023 location 2024 2023 Derivatives designated as hedging instruments: Interest rate products Other assets $ 31,864 $ 28,928 Other liabilities $ 1,296 $ 3,400 Total derivatives designated as hedging instruments $ 31,864 $ 28,928 $ 1,296 $ 3,400 Derivatives not designated as hedging instruments: Interest rate products Other assets $ 7,773 $ 8,480 Other liabilities $ 7,780 $ 8,484 Interest rate lock commitments Other assets 282 287 Other liabilities — 5 Forward contracts Other assets 104 — Other liabilities 10 110 Total derivatives not designated as hedging instruments $ 8,159 $ 8,767 $ 7,790 $ 8,599
Derivative Instruments, Gain (Loss)	The tables below present the effect of the Company’s derivative financial instruments in the consolidated statements of operations for 2024 and 2023: Location of gain (loss) Amount of gain recognized in income on derivatives recognized in income on For the years ended December 31, Derivatives in hedging relationships derivatives 2024 2023 Interest rate products Interest and fees on loans $ 13,567 $ 1,107 Location of gain (loss) Amount of (loss) gain recognized in income on derivatives recognized in income on For the years ended December 31, Hedged items hedged items 2024 2023 Interest rate products Interest and fees on loans $ (6,104) $ 6,702 Location of gain (loss) Amount of (loss) gain recognized in income on derivatives Derivatives not designated recognized in income on For the years ended December 31, as hedging instruments derivatives 2024 2023 Interest rate products Other non-interest expense $ (115) $ 2 Interest rate lock commitments Mortgage banking income (27) (10) Forward contracts Mortgage banking income 204 (216) Total $ 62 $ (224)
Summary of effect of fair value cash flow hedge accounting on accumulated other comprehensive income	The table below presents the effect of cash flow hedge accounting on AOCI as of the dates presented. For the year ended December 31, 2024 Loss recognized in OCI on derivatives Loss recognized in OCI included component Loss recognized in OCI excluded component Location of loss recognized from AOCI into income Loss reclassified from AOCI into income Loss reclassified from AOCI into income included component Loss reclassified from AOCI into income excluded component Derivatives in cash flow hedging relationships: Interest rate products $ (1,639) $ (906) $ (733) Interest income $ (2,009) $ (1,535) $ (474) For the year ended December 31, 2023 Loss recognized in OCI on derivatives Loss recognized in OCI included component Loss recognized in OCI excluded component Location of loss recognized from AOCI into income Loss reclassified from AOCI into income Loss reclassified from AOCI into income included component Loss reclassified from AOCI into income excluded component Derivatives in cash flow hedging relationships: Interest rate products $ (1,453) $ (1,081) $ (372) Interest income $ (1,678) $ (1,223) $ (455)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2024
Commitments and Contingencies
Schedule of Total Unfunded Commitments	Total unfunded commitments at December 31, 2024 and 2023 were as follows: December 31, 2024 December 31, 2023 Commitments to fund loans $ 663,859 $ 724,928 Credit card lines of credit 3,272 6,278 Unfunded commitments under lines of credit 752,861 890,530 Commercial and standby letters of credit 10,760 13,029 Total unfunded commitments $ 1,430,752 $ 1,634,765
Schedule of Repurchase Reserve	The following table summarizes mortgage repurchase reserve activity for the periods presented: For the years ended December 31, 2024 2023 Beginning balance $ 1,198 $ 1,725 Provision released from operating expense, net (122) (323) Charge-offs (76) (204) Ending balance $ 1,000 $ 1,198

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2024
Fair Value Measurements
Tables of Financial Instruments Measured At Fair Value on Recurring Basis	The tables below present the financial instruments measured at fair value on a recurring basis as of December 31, 2024 and 2023, in the consolidated statements of financial condition utilizing the hierarchy structure described above: December 31, 2024 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale U.S. Treasuries $ 24,874 $ — $ — $ 24,874 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises — 135,045 — 135,045 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises — 364,938 — 364,938 Corporate debt — 1,962 — 1,962 Loans held for sale — 24,495 — 24,495 Interest rate swap derivatives — 39,637 — 39,637 Mortgage banking derivatives — — 386 386 Total assets at fair value $ 24,874 $ 566,077 $ 386 $ 591,337 Liabilities: Interest rate swap derivatives $ — $ 9,076 $ — $ 9,076 Mortgage banking derivatives — — 10 10 Total liabilities at fair value $ — $ 9,076 $ 10 $ 9,086 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale U.S. Treasuries $ 73,044 $ — $ — $ 73,044 Mortgage-backed securities: Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises — 201,809 — 201,809 Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises — 351,242 — 351,242 Municipal securities — 79 — 79 Corporate debt — 1,843 — 1,843 Loans held for sale — 18,854 — 18,854 Interest rate swap derivatives — 37,408 — 37,408 Mortgage banking derivatives — — 287 287 Total assets at fair value $ 73,044 $ 611,235 $ 287 $ 684,566 Liabilities: Interest rate swap derivatives $ — $ 15,284 $ — $ 15,284 Mortgage banking derivatives — — 115 115 Total liabilities at fair value $ — $ 15,284 $ 115 $ 15,399
Table of Changes in Level 3 Financial Instruments	The table below details the changes in level 3 financial instruments during 2024: Mortgage banking derivatives, net Balance at December 31, 2023 $ 172 Gain included in earnings, net 177 Fee income (cost) included in earnings, net 27 Balance at December 31, 2024 $ 376
Table of Assets Recorded at Fair Value On a Non-Recurring Basis	The tables below provide information regarding losses from the assets recorded at fair value on a non-recurring basis at December 31, 2024 and 2023. December 31, 2024 Total Losses from fair value changes Individually evaluated loans $ 64,797 $ 9,439 Premises and equipment 1,795 958 Total $ 66,592 $ 10,397 December 31, 2023 Total Losses from fair value changes Individually evaluated loans $ 45,245 $ 1,575 Other real estate owned 4,088 249 Premises and equipment 13,413 349 SBA servicing rights 2,440 75 Total $ 65,186 $ 2,248

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
Fair Value of Financial Instruments (Tables)	Dec. 31, 2024
Fair Value Measurements
Fair Value of Financial Instruments	The fair value of financial instruments at December 31, 2024 and 2023 are set forth below: Level in fair value December 31, 2024 December 31, 2023 measurement Carrying Estimated Carrying Estimated hierarchy amount fair value amount fair value ASSETS Cash and cash equivalents Level 1 $ 127,848 $ 127,848 $ 190,826 $ 190,826 U.S. Treasury securities - AFS Level 1 24,874 24,874 73,044 73,044 U.S. Treasury securities - HTM Level 1 49,639 49,159 49,338 48,334 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale Level 2 135,045 135,045 201,809 201,809 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale Level 2 364,938 364,938 351,242 351,242 Municipal securities available-for-sale Level 2 — — 79 79 Corporate debt available-for-sale Level 2 1,962 1,962 1,843 1,843 Other available-for-sale securities Level 3 728 728 812 812 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity Level 2 271,105 234,286 299,337 265,011 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity Level 2 212,364 167,941 236,377 190,983 FHLB and FRB stock Level 2 27,984 27,984 40,890 40,890 Loans receivable Level 3 7,751,143 7,535,875 7,698,758 7,411,687 Loans held for sale Level 2 24,495 24,495 18,854 18,854 Accrued interest receivable Level 2 43,469 43,469 44,944 44,944 Interest rate swap derivatives Level 2 39,637 39,637 37,408 37,408 Mortgage banking derivatives Level 3 386 386 287 287 LIABILITIES Deposit transaction accounts Level 2 7,217,857 7,217,857 7,208,421 7,208,421 Time deposits Level 2 1,020,036 1,021,763 981,970 972,793 Securities sold under agreements to repurchase Level 2 18,895 18,895 19,627 19,627 Long-term debt Level 2 55,000 49,168 55,000 43,760 Federal Home Loan Bank advances Level 2 50,000 50,000 340,000 340,000 Accrued interest payable Level 2 15,146 15,146 12,239 12,239 Interest rate swap derivatives Level 2 9,076 9,076 15,284 15,284 Mortgage banking derivatives Level 3 10 10 115 115

Parent Company Only Financial_2

Parent Company Only Financial Statements (Tables)	12 Months Ended
Parent Company Only Financial Statements (Tables)	Dec. 31, 2024
Parent Company Only Financial Statements
Condensed Statements	Parent company only financial information for National Bank Holdings Corporation is summarized as follows: Condensed Statements of Financial Condition December 31, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 105,278 $ 77,853 Non-marketable securities 29,830 33,144 Investment in subsidiaries 1,203,495 1,139,290 Other assets 31,007 30,528 Total assets $ 1,369,610 $ 1,280,815 LIABILITIES AND STOCKHOLDERS' EQUITY Long-term debt, net $ 54,511 $ 54,200 Other liabilities 10,024 13,808 Total liabilities 64,535 68,008 Shareholders' equity 1,305,075 1,212,807 Total liabilities and shareholders' equity $ 1,369,610 $ 1,280,815 Condensed Statements of Operations For the years ended December 31, 2024 2023 2022 Income Equity in undistributed earnings of subsidiaries $ 55,848 $ 92,990 $ 30,260 Distributions from subsidiaries 75,000 62,000 52,000 Loss from non-marketable securities (3,088) (4,431) (262) Total income $ 127,760 $ 150,559 $ 81,998 Expenses Interest expense $ 2,073 $ 2,073 $ 1,519 Salaries and benefits 8,126 7,318 6,138 Other expenses 3,021 3,382 6,433 Total expenses 13,220 12,773 14,090 Income before income taxes 114,540 137,786 67,908 Income tax benefit (4,275) (4,262) (3,366) Net income $ 118,815 $ 142,048 $ 71,274 Condensed Statements of Cash Flows For the years ended December 31, 2024 2023 2022 Cash flows from operating activities: Net income $ 118,815 $ 142,048 $ 71,274 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (55,848) (92,990) (30,260) Stock-based compensation expense 8,048 7,222 6,059 Amortization 311 310 158 Other (2,599) 15,833 (221) Net cash provided by operating activities 68,727 72,423 47,010 Cash flows from investing activities: Cash paid for acquisitions — — (67,128) Investment in subsidiary (2,000) — — Sales (purchases) of non-marketable securities, net 103 (1,773) (11,471) Net cash used in investing activities (1,897) (1,773) (78,599) Cash flows from financing activities: Issuance of stock under purchase and equity compensation plans (1,515) (1,534) (1,481) Proceeds from exercise of stock options 3,555 617 1,102 Payment of dividends (42,945) (39,644) (30,447) Net cash used in financing activities (40,905) (40,561) (30,826) Net increase (decrease) in cash, cash equivalents and restricted cash 25,925 30,089 (62,415) Cash, cash equivalents and restricted cash at beginning of the year 79,353 49,264 111,679 Cash, cash equivalents and restricted cash at end of the year $ 105,278 $ 79,353 $ 49,264

Acquisition Activities (Tables)

Acquisition Activities (Tables)	12 Months Ended
Acquisition Activities (Tables)	Dec. 31, 2024
Cambr
Acquisition Activities
Net Assets acquired (at fair value) and consideration transferred	April 3, 2023 Assets: Cash and due from banks $ 1,224 Other intangibles 18,000 Other assets 6,729 Total assets acquired 25,953 Liabilities: Other liabilities $ 6,340 Total liabilities assumed 6,340 Identifiable net assets acquired $ 19,613 Consideration: Cash $ 46,524 Total 46,524 Goodwill $ 26,911
Bank of Jackson Hole
Acquisition Activities
Net Assets acquired (at fair value) and consideration transferred	October 1, 2022 Assets: Cash and due from banks $ 40,509 Investment securities 203,728 Non-marketable securities 3,104 Loans, net 1,185,699 Loans held for sale 504 Premises and equipment 30,318 Core deposit and other intangibles 30,696 Other assets 31,970 Total assets acquired 1,526,528 Liabilities: Total deposits 1,375,593 Long-term debt 39,229 Fed funds purchased 25 Other liabilities 9,483 Total liabilities assumed 1,424,330 Identifiable net assets acquired $ 102,198 Consideration: NBHC common stock paid, closing price of $36.99 on September 30, 2022 $ 162,459 Cash 50,989 Total 213,448 Goodwill $ 111,250
Summary of PCD loans purchased as part of the RCB acquisition	Commercial Commercial real estate non-owner occupied Residential real estate Consumer Total Unpaid principal balance $ 5,061 $ 8,353 $ 476 $ 12 $ 13,902 PCD allowance for credit loss at acquisition (151) (3,557) (55) (1) (3,764) Discount on acquired loans (336) (226) (16) — (578) Purchase price of PCD loans $ 4,574 $ 4,570 $ 405 $ 11 $ 9,560
Rock Canyon Bank
Acquisition Activities
Net Assets acquired (at fair value) and consideration transferred	September 1, 2022 Assets: Cash and due from banks $ 260,883 Investment securities available-for-sale 402 Non-marketable securities 977 Loans, net 535,197 Loans held for sale 3,069 Premises and equipment 3,413 Core deposit and other intangibles 16,463 Other assets 11,749 Total assets acquired 832,153 Liabilities: Total deposits 734,480 Other liabilities 10,115 Total liabilities assumed 744,595 Identifiable net assets acquired $ 87,558 Consideration: NBHC common stock paid, closing price of $40.13 on August 31, 2022 $ 124,272 Cash 16,141 Total 140,413 Goodwill $ 52,855
Summary of PCD loans purchased as part of the RCB acquisition	Commercial Commercial real estate non-owner occupied Residential real estate Consumer Total Unpaid principal balance $ 12,079 $ 220 $ 843 $ 3 $ 13,145 PCD allowance for credit loss at acquisition (2,257) (2) (215) — (2,474) (Discount) premium on acquired loans (787) 19 (5) — (773) Loans previously charged off by RCB (2,051) — — (3) (2,054) Purchase price of PCD loans $ 6,984 $ 237 $ 623 $ — $ 7,844

Basis of Presentation (Details)

Basis of Presentation (Details)	12 Months Ended
Basis of Presentation (Details)	Dec. 31, 2024 item
Basis of Presentation
Number of full service banking offices	90

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 loan
Significant Accounting Policies [Line Items]
Residential mortgage loans held for sale period	45 days
Number of primary loan segment	4
Number of loan classes	11
Buildings
Significant Accounting Policies [Line Items]
Estimated useful life of the asset	39 years
Maximum
Significant Accounting Policies [Line Items]
Fair values are subject to refinement maximum year	1 year
Maximum \| Employee Stock Option
Significant Accounting Policies [Line Items]
Contractual term	10 years
Maximum \| Building Improvements
Significant Accounting Policies [Line Items]
Estimated useful life of the asset	15 years
Maximum \| Business assets
Significant Accounting Policies [Line Items]
Estimated useful life of the asset	7 years
Minimum \| Building Improvements
Significant Accounting Policies [Line Items]
Estimated useful life of the asset	7 years
Minimum \| Business assets
Significant Accounting Policies [Line Items]
Estimated useful life of the asset	3 years

Investment Securities - Narrati

Investment Securities - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
Investment Securities - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($) security	Dec. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Investment securities total	$ 1,000,000	$ 1,000,000	$ 1,200,000
Securities with no stated contractual date, amortized cost	700	700
Available-for-sale Securities	527,547	527,547	628,829
Held-to-maturity securities	533,108	533,108	585,052
Purchases of available-for-sale securities		185,713	0	$ 259,846
Loss on security sales	$ 6,600	(6,582)
Maturities and paydowns of available-for-sale securities		157,538	$ 92,032	141,892
Sales of available-for-sale securities		$ 132,113		128,430
Number of securities \| security	180	180	230
Gain/(loss) on recovery of securities with previously incurred OTTI	$ 6,600	$ (6,582)
Purchases of held-to-maturity securities		10,483	$ 2,452	101,699
Maturities and paydowns of held-to-maturity securities		$ 63,078	$ 69,555	$ 133,363
Number of held-to-maturity securities in unrealized loss positions \| security	160	160	123
Held-to-maturity investment securities pledged as collateral	$ 500,500	$ 500,500	$ 559,300
Held-to-maturity investment securities held as collateral	0	0	$ 0
Accrued interest receivable from available-for-sale investment securities	$ 1,300	$ 1,300
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Financing Receivable, Allowance for Credit Losses	Financing Receivable, Allowance for Credit Losses	Financing Receivable, Allowance for Credit Losses
Accrued interest receivable from held-to-maturity investment securities	$ 900	$ 900	$ 1,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Financing Receivable, Allowance for Credit Losses	Financing Receivable, Allowance for Credit Losses	Financing Receivable, Allowance for Credit Losses
Other securities investments with no contractual maturity
Securities with no stated contractual date, fair value	$ 800	$ 800
Asset Pledged as Collateral
Available-for-sale Securities	0	0	$ 0
Asset Pledged as Collateral \| Federal Funds Purchased
Available-for-sale Securities	$ 238,600	$ 238,600	$ 312,400

Investment Securities - Summary

Investment Securities - Summary of Available-for-Sale Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 617,947	$ 727,819
Gross unrealized gains	485	57
Gross unrealized losses	(90,885)	(99,047)
Fair Value	527,547	628,829
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	24,958	74,508
Gross unrealized losses	(84)	(1,464)
Fair Value	24,874	73,044
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	164,785	233,264
Gross unrealized gains	53	57
Gross unrealized losses	(29,793)	(31,512)
Fair Value	135,045	201,809
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	425,476	417,155
Gross unrealized gains	432
Gross unrealized losses	(60,970)	(65,913)
Fair Value	364,938	351,242
Municipal securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		80
Gross unrealized losses		(1)
Fair Value		79
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	2,000	2,000
Gross unrealized losses	(38)	(157)
Fair Value	1,962	1,843
Other securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	728	812
Fair Value	$ 728	$ 812

Investment Securities - Summa_2

Investment Securities - Summary of Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 41,426	$ 147
Less than 12 months, Unrealized losses	(95)	(1)
12 months or more, Fair Value	424,393	625,070
12 months or more, Unrealized Loss	(90,790)	(99,046)
Total, Fair Value	465,819	625,217
Total, Unrealized losses	(90,885)	(99,047)
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
12 months or more, Fair Value	24,874	73,044
12 months or more, Unrealized Loss	(84)	(1,464)
Total, Fair Value	24,874	73,044
Total, Unrealized losses	(84)	(1,464)
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		9
12 months or more, Fair Value	132,935	199,000
12 months or more, Unrealized Loss	(29,793)	(31,512)
Total, Fair Value	132,935	199,009
Total, Unrealized losses	(29,793)	(31,512)
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	41,426	138
Less than 12 months, Unrealized losses	(95)	(1)
12 months or more, Fair Value	264,621	351,104
12 months or more, Unrealized Loss	(60,875)	(65,912)
Total, Fair Value	306,047	351,242
Total, Unrealized losses	(60,970)	(65,913)
Municipal securities
Schedule of Available-for-sale Securities [Line Items]
12 months or more, Fair Value		79
12 months or more, Unrealized Loss		(1)
Total, Fair Value		79
Total, Unrealized losses		(1)
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
12 months or more, Fair Value	1,963	1,843
12 months or more, Unrealized Loss	(38)	(157)
Total, Fair Value	1,963	1,843
Total, Unrealized losses	$ (38)	$ (157)

Investment Securities - Summa_3

Investment Securities - Summary of Credit Quality Indicators of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	$ 527,547	$ 628,829
AA+
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	524,857
AAA
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)		626,095
Not Rated
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	2,690	2,734
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	24,874	73,044
U.S. Treasury securities \| AA+
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	24,874
U.S. Treasury securities \| AAA
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)		73,044
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	135,045	201,809
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises \| AA+
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	135,045
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises \| AAA
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)		201,809
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	364,938	351,242
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises \| AA+
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	364,938
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises \| AAA
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)		351,242
Municipal securities
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)		79
Municipal securities \| Not Rated
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)		79
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	1,962	1,843
Corporate debt \| Not Rated
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	1,962	1,843
Other securities
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	728	812
Other securities \| Not Rated
Schedule of Available-for-sale Securities [Line Items]
Investment securities available-for-sale (at fair value)	$ 728	$ 812

Investment Securities - Summa_4

Investment Securities - Summary of Available-for-sale Securities By Maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
U.S. Treasury securities
Amortized Cost
Within one year	$ 24,958
Fair Value
Within one year	$ 24,874
Weighted Average Yield
Within one year	2.55%
Corporate debt
Amortized Cost
After five but within ten years	$ 2,000
Fair Value
After five but within ten years	$ 1,962
Weighted Average Yield
After five but within ten years	5.86%

Investment Securities - Summa_5

Investment Securities - Summary of Held-to-Maturity Securities, Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Fair Value, Less than 12 months	$ 48,245	$ 16,978
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(931)	(109)
Fair Value, 12 months or more	399,840	452,822
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(80,842)	(80,843)
Total Fair Value	448,085	469,800
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(81,773)	(80,952)
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Fair Value, 12 months or more	49,159	48,334
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(480)	(1,004)
Total Fair Value	49,159	48,334
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(480)	(1,004)
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Held-to-maturity Securities [Line Items]
Fair Value, Less than 12 months	45,427	14,689
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(880)	(72)
Fair Value, 12 months or more	185,558	217,467
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(35,990)	(34,480)
Total Fair Value	230,985	232,156
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(36,870)	(34,552)
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Held-to-maturity Securities [Line Items]
Fair Value, Less than 12 months	2,818	2,289
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(51)	(37)
Fair Value, 12 months or more	165,123	187,021
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(44,372)	(45,359)
Total Fair Value	167,941	189,310
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (44,423)	$ (45,396)

Investment Securities - Summa_6

Investment Securities - Summary of Held-to-Maturity Securities By Maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Amortized cost
Total Held-to-Maturity securities at amortized cost	$ 49,639
Fair value
Total Held-to-Maturity securities at fair value	$ 49,159
Weighted average yield
Total Weighted average yield	3.14%
U.S. Treasury securities
Amortized cost
Within one year	$ 24,974
After one but within five years	24,665
Fair value
Within one year	24,884
After one but within five years	$ 24,275
Weighted average yield
Within one year	3.18%
After one but within five years	3.10%

Investment Securities - Summa_7

Investment Securities - Summary of Credit Quality Indicators of Held-to-maturity Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	$ 533,108	$ 585,052
AA+
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	533,108
AAA
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities		585,052
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	49,639	49,338
U.S. Treasury securities \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	49,639
U.S. Treasury securities \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities		49,338
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	271,105	299,337
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	271,105
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities		299,337
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	212,364	236,377
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	$ 212,364
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities		$ 236,377

Investment Securities - Summa_8

Investment Securities - Summary of Held-to-maturity Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities	$ 533,108	$ 585,052
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain	51	228
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	(81,773)	(80,952)
Fair value	451,386	504,328
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities	49,639	49,338
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	(480)	(1,004)
Fair value	49,159	48,334
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities	271,105	299,337
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain	51	226
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	(36,870)	(34,552)
Fair value	234,286	265,011
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity Securities	212,364	236,377
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain		2
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss	(44,423)	(45,396)
Fair value	$ 167,941	$ 190,983

Non-marketable Securities - Car

Non-marketable Securities - Carrying Balance (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Non-marketable Securities
Federal Reserve Bank stock	$ 24,062	$ 24,062
Federal Home Loan Bank stock	3,922	16,828
Convertible preferred stock	20,508	25,000
Equity method investments	27,970	24,587
Total	$ 76,462	$ 90,477

Non-Marketable Securities - Nar

Non-Marketable Securities - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-marketable Securities
Purchase of non-marketable securities	$ 44,900	$ 106,200
Proceeds from redemptions and sales of non-marketable securities	57,527	100,046	$ 4,175
Alternative investments measured using the equity method	0	0
Purchase of convertible preferred stock	400	400
Convertible preferred stock sold	1,000
Realized gains on sale of stock	100
Impairment on convertible preferred stock	3,900	4,000
Equity method investments	26,200	24,600
Equity method investments without a readily determinable fair value	1,800	0
Unrealized gains (losses)	1,000	35,000
Impairment related to equity method investments	0	0
Purchase of equity investment	$ 1,500	$ 3,600

Loans - Loan Portfolio Composit

Loans - Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30 (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Loans [Line Items]
Fees and cost related to loans	$ 30,100	$ 33,600
Total Loans	$ 7,751,143	$ 7,698,758
% of total	100%	100%
Commercial
Loans [Line Items]
Total Loans	$ 4,670,430	$ 4,499,035
% of total	60.20%	58.40%
Commercial real estate non-owner occupied
Loans [Line Items]
Total Loans	$ 1,812,338	$ 1,856,750
% of total	23.40%	24.10%
Residential real estate
Loans [Line Items]
Total Loans	$ 1,253,838	$ 1,323,787
% of total	16.20%	17.20%
Consumer
Loans [Line Items]
Total Loans	$ 14,537	$ 19,186
% of total	0.20%	0.30%

Loans - Loan Delinquency (Detai

Loans - Loan Delinquency (Details) - USD ($) $ in Thousands	12 Months Ended
Loans - Loan Delinquency (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Loans [Line Items]
Non- accrual loans	$ 35,994	$ 28,228
Total past due and non-accrual	74,098	41,051
Total loans	7,751,143	7,698,758
Non-accrual loans with a related allowance for credit loss	22,776	25,431
Non-accrual loans with no related allowance for credit loss	13,218	2,797
Non-accrual interest income	0	0
Commercial
Loans [Line Items]
Non- accrual loans	22,732	8,767
Total past due and non-accrual	59,572	17,958
Total loans	4,670,430	4,499,035
Non-accrual loans with a related allowance for credit loss	12,942	8,181
Non-accrual loans with no related allowance for credit loss	9,790	586
Commercial \| Commercial and industrial
Loans [Line Items]
Non- accrual loans	21,950	2,250
Total past due and non-accrual	47,732	11,429
Total loans	1,995,825	1,966,909
Non-accrual loans with a related allowance for credit loss	12,746	2,250
Non-accrual loans with no related allowance for credit loss	9,204
Commercial \| Municipal securities
Loans [Line Items]
Total loans	1,107,142	1,083,756
Commercial \| Owner occupied commercial real estate
Loans [Line Items]
Non- accrual loans	195	755
Total past due and non-accrual	11,253	755
Total loans	1,264,144	1,123,773
Non-accrual loans with a related allowance for credit loss	195	755
Commercial \| Food and agribusiness
Loans [Line Items]
Non- accrual loans	587	5,762
Total past due and non-accrual	587	5,774
Total loans	303,319	324,597
Non-accrual loans with a related allowance for credit loss	1	5,176
Non-accrual loans with no related allowance for credit loss	586	586
Commercial real estate non-owner occupied
Loans [Line Items]
Non- accrual loans	5,971	13,472
Total past due and non-accrual	6,129	14,609
Total loans	1,812,338	1,856,750
Non-accrual loans with a related allowance for credit loss	5,971	13,472
Commercial real estate non-owner occupied \| Construction
Loans [Line Items]
Total loans	250,335	405,250
Commercial real estate non-owner occupied \| Acquisition/development
Loans [Line Items]
Total past due and non-accrual		1,077
Total loans	82,862	100,096
Commercial real estate non-owner occupied \| Multifamily
Loans [Line Items]
Total loans	320,781	311,770
Commercial real estate non-owner occupied \| Non-owner occupied
Loans [Line Items]
Non- accrual loans	5,971	13,472
Total past due and non-accrual	6,129	13,532
Total loans	1,158,360	1,039,634
Non-accrual loans with a related allowance for credit loss	5,971	13,472
Residential real estate
Loans [Line Items]
Non- accrual loans	7,252	5,936
Total past due and non-accrual	8,337	8,299
Total loans	1,253,838	1,323,787
Non-accrual loans with a related allowance for credit loss	3,824	3,725
Non-accrual loans with no related allowance for credit loss	3,428	2,211
Residential real estate \| Senior lien
Loans [Line Items]
Non- accrual loans	6,747	5,488
Total past due and non-accrual	7,699	6,948
Total loans	1,169,267	1,233,599
Non-accrual loans with a related allowance for credit loss	3,319	3,277
Non-accrual loans with no related allowance for credit loss	3,428	2,211
Residential real estate \| Junior lien
Loans [Line Items]
Non- accrual loans	505	448
Total past due and non-accrual	638	1,351
Total loans	84,571	90,188
Non-accrual loans with a related allowance for credit loss	505	448
Consumer
Loans [Line Items]
Non- accrual loans	39	53
Total past due and non-accrual	60	185
Total loans	14,537	19,186
Non-accrual loans with a related allowance for credit loss	39	53
30-89 Days Past Due
Loans [Line Items]
Total loans	23,164	12,232
30-89 Days Past Due \| Commercial
Loans [Line Items]
Total loans	21,901	9,179
30-89 Days Past Due \| Commercial \| Commercial and industrial
Loans [Line Items]
Total loans	20,290	9,179
30-89 Days Past Due \| Commercial \| Owner occupied commercial real estate
Loans [Line Items]
Total loans	1,611
30-89 Days Past Due \| Commercial real estate non-owner occupied
Loans [Line Items]
Total loans	158	1,137
30-89 Days Past Due \| Commercial real estate non-owner occupied \| Acquisition/development
Loans [Line Items]
Total loans		1,077
30-89 Days Past Due \| Commercial real estate non-owner occupied \| Non-owner occupied
Loans [Line Items]
Total loans	158	60
30-89 Days Past Due \| Residential real estate
Loans [Line Items]
Total loans	1,085	1,785
30-89 Days Past Due \| Residential real estate \| Senior lien
Loans [Line Items]
Total loans	952	1,410
30-89 Days Past Due \| Residential real estate \| Junior lien
Loans [Line Items]
Total loans	133	375
30-89 Days Past Due \| Consumer
Loans [Line Items]
Total loans	20	131
Greater than 90 Days Past Due
Loans [Line Items]
Total loans	14,940	591
Greater than 90 Days Past Due \| Commercial
Loans [Line Items]
Total loans	14,939	12
Greater than 90 Days Past Due \| Commercial \| Commercial and industrial
Loans [Line Items]
Total loans	5,492
Greater than 90 Days Past Due \| Commercial \| Owner occupied commercial real estate
Loans [Line Items]
Total loans	9,447
Greater than 90 Days Past Due \| Commercial \| Food and agribusiness
Loans [Line Items]
Total loans		12
Greater than 90 Days Past Due \| Residential real estate
Loans [Line Items]
Total loans		578
Greater than 90 Days Past Due \| Residential real estate \| Senior lien
Loans [Line Items]
Total loans		50
Greater than 90 Days Past Due \| Residential real estate \| Junior lien
Loans [Line Items]
Total loans		528
Greater than 90 Days Past Due \| Consumer
Loans [Line Items]
Total loans	1	1
Current
Loans [Line Items]
Total loans	7,677,045	7,657,707
Current \| Commercial
Loans [Line Items]
Total loans	4,610,858	4,481,077
Current \| Commercial \| Commercial and industrial
Loans [Line Items]
Total loans	1,948,093	1,955,480
Current \| Commercial \| Municipal securities
Loans [Line Items]
Total loans	1,107,142	1,083,756
Current \| Commercial \| Owner occupied commercial real estate
Loans [Line Items]
Total loans	1,252,891	1,123,018
Current \| Commercial \| Food and agribusiness
Loans [Line Items]
Total loans	302,732	318,823
Current \| Commercial real estate non-owner occupied
Loans [Line Items]
Total loans	1,806,209	1,842,141
Current \| Commercial real estate non-owner occupied \| Construction
Loans [Line Items]
Total loans	250,335	405,250
Current \| Commercial real estate non-owner occupied \| Acquisition/development
Loans [Line Items]
Total loans	82,862	99,019
Current \| Commercial real estate non-owner occupied \| Multifamily
Loans [Line Items]
Total loans	320,781	311,770
Current \| Commercial real estate non-owner occupied \| Non-owner occupied
Loans [Line Items]
Total loans	1,152,231	1,026,102
Current \| Residential real estate
Loans [Line Items]
Total loans	1,245,501	1,315,488
Current \| Residential real estate \| Senior lien
Loans [Line Items]
Total loans	1,161,568	1,226,651
Current \| Residential real estate \| Junior lien
Loans [Line Items]
Total loans	83,933	88,837
Current \| Consumer
Loans [Line Items]
Total loans	$ 14,477	$ 19,001

Loans - Carrying Value of Loan

Loans - Carrying Value of Loan Portfolio by Segment and Credit Quality Indicator (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	$ 1,098,927	$ 1,052,208
2023/2022	933,839	1,949,053
2022/2021	1,801,669	1,429,940
2021/2020	1,214,068	621,618
2020/2019	512,399	412,644
Prior	1,305,837	1,223,549
Revolving Loans Amortized Cost Basis	870,453	970,839
Revolving Loans Converted to Term	13,951	38,907
Total loans	7,751,143	7,698,758
Gross charge-offs 2024/2023	877	1,225
Gross charge-offs 2023/2022	2,051	25
Gross charge-offs 2022/2021	336	216
Gross charge-offs 2021/2020	29	2
Gross charge-offs 2020/2019	155	48
Gross charge-offs Prior	7,330	59
Gross charge-offs, Total loans	10,778	1,575
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	870,183	762,686
2023/2022	625,748	918,626
2022/2021	821,431	763,835
2021/2020	640,678	304,767
2020/2019	235,364	197,617
Prior	762,541	728,636
Revolving Loans Amortized Cost Basis	701,499	787,727
Revolving Loans Converted to Term	12,986	35,141
Total loans	4,670,430	4,499,035
Gross charge-offs 2023/2022	2,028	12
Gross charge-offs 2022/2021	13	215
Gross charge-offs 2021/2020	26
Gross charge-offs 2020/2019	155	47
Gross charge-offs Prior	2,860	3
Gross charge-offs, Total loans	5,082	277
Commercial \| Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	468,665	367,207
2023/2022	249,718	413,432
2022/2021	356,398	307,344
2021/2020	254,649	109,275
2020/2019	68,803	43,642
Prior	100,060	107,741
Revolving Loans Amortized Cost Basis	493,880	583,178
Revolving Loans Converted to Term	3,652	35,090
Total loans	1,995,825	1,966,909
Gross charge-offs 2023/2022	2,028	12
Gross charge-offs 2022/2021		215
Gross charge-offs 2021/2020	26
Gross charge-offs 2020/2019	155	47
Gross charge-offs Prior	156	3
Gross charge-offs, Total loans	2,365	277
Commercial \| Commercial and industrial \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	445,993	348,103
2023/2022	181,920	396,618
2022/2021	332,246	271,201
2021/2020	215,561	87,234
2020/2019	51,902	41,261
Prior	92,115	106,711
Revolving Loans Amortized Cost Basis	468,752	563,924
Revolving Loans Converted to Term	2,614	31,620
Total loans	1,791,103	1,846,672
Commercial \| Commercial and industrial \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	8,005	4,775
2023/2022	32,319	12,259
2022/2021	13,753	31,895
2021/2020	17,496	20,340
2020/2019	12,915	2,202
Prior	5,552	683
Revolving Loans Amortized Cost Basis	16,146	18,344
Revolving Loans Converted to Term	651	3,470
Total loans	106,837	93,968
Commercial \| Commercial and industrial \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	13,417	13,729
2023/2022	34,320	4,555
2022/2021	8,909	4,248
2021/2020	21,575	1,314
2020/2019	3,011	179
Prior	2,020	347
Revolving Loans Amortized Cost Basis	8,982	910
Revolving Loans Converted to Term	387
Total loans	92,621	25,282
Commercial \| Commercial and industrial \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	1,250	600
2023/2022	1,159
2022/2021	1,490
2021/2020	17	387
2020/2019	975
Prior	373
Total loans	5,264	987
Commercial \| Municipal and non-profit
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	116,551	139,591
2023/2022	152,183	140,626
2022/2021	137,249	246,088
2021/2020	217,532	82,590
2020/2019	75,319	53,460
Prior	378,561	389,867
Revolving Loans Amortized Cost Basis	29,747	31,534
Total loans	1,107,142	1,083,756
Commercial \| Municipal and non-profit \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	116,551	139,591
2023/2022	152,183	140,626
2022/2021	137,249	246,088
2021/2020	217,362	82,590
2020/2019	73,399	53,460
Prior	378,561	389,867
Revolving Loans Amortized Cost Basis	29,747	31,534
Total loans	1,105,052	1,083,756
Commercial \| Municipal and non-profit \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021/2020	170
2020/2019	1,920
Total loans	2,090
Commercial \| Owner occupied commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	270,240	238,971
2023/2022	213,963	295,356
2022/2021	254,830	191,012
2021/2020	158,426	97,523
2020/2019	85,302	90,098
Prior	250,634	192,532
Revolving Loans Amortized Cost Basis	21,759	18,281
Revolving Loans Converted to Term	8,990
Total loans	1,264,144	1,123,773
Gross charge-offs 2022/2021	13
Gross charge-offs, Total loans	13
Commercial \| Owner occupied commercial real estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	269,810	236,897
2023/2022	205,119	275,644
2022/2021	225,766	181,472
2021/2020	131,547	97,523
2020/2019	83,791	86,761
Prior	232,653	163,997
Revolving Loans Amortized Cost Basis	20,912	18,281
Revolving Loans Converted to Term	8,990
Total loans	1,178,588	1,060,575
Commercial \| Owner occupied commercial real estate \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	430	2,074
2023/2022	1,664	19,191
2022/2021	13,798	7,808
2021/2020	23,482
2020/2019	268	2,650
Prior	12,744	27,653
Total loans	52,386	59,376
Commercial \| Owner occupied commercial real estate \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022	7,180	515
2022/2021	15,266	1,732
2021/2020	3,397
2020/2019	1,243	687
Prior	4,759	234
Revolving Loans Amortized Cost Basis	847
Total loans	32,692	3,168
Commercial \| Owner occupied commercial real estate \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022		6
Prior	478	648
Total loans	478	654
Commercial \| Food and agribusiness
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	14,727	16,917
2023/2022	9,884	69,212
2022/2021	72,954	19,391
2021/2020	10,071	15,379
2020/2019	5,940	10,417
Prior	33,286	38,496
Revolving Loans Amortized Cost Basis	156,113	154,734
Revolving Loans Converted to Term	344	51
Total loans	303,319	324,597
Gross charge-offs Prior	2,704
Gross charge-offs, Total loans	2,704
Commercial \| Food and agribusiness \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	14,727	16,917
2023/2022	9,884	69,212
2022/2021	68,909	14,159
2021/2020	6,587	15,379
2020/2019	5,940	10,417
Prior	33,081	34,592
Revolving Loans Amortized Cost Basis	156,113	149,125
Revolving Loans Converted to Term	344	51
Total loans	295,585	309,852
Commercial \| Food and agribusiness \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2022/2021	4,045	4,646
2021/2020	2,898
Prior	204	3,724
Revolving Loans Amortized Cost Basis		450
Total loans	7,147	8,820
Commercial \| Food and agribusiness \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2022/2021		586
2021/2020	586
Prior	1	180
Revolving Loans Amortized Cost Basis		1,786
Total loans	587	2,552
Commercial \| Food and agribusiness \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Amortized Cost Basis		3,373
Total loans		3,373
Commercial real estate non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	150,744	189,231
2023/2022	224,800	586,402
2022/2021	555,068	345,104
2021/2020	289,750	199,152
2020/2019	173,070	169,141
Prior	360,303	302,749
Revolving Loans Amortized Cost Basis	58,603	62,010
Revolving Loans Converted to Term		2,961
Total loans	1,812,338	1,856,750
Gross charge-offs 2022/2021	293
Gross charge-offs Prior	4,422
Gross charge-offs, Total loans	4,715
Commercial real estate non-owner occupied \| Construction
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	55,139	43,385
2023/2022	59,137	190,826
2022/2021	54,735	59,477
2021/2020	33,859	63,486
2020/2019	917	1,006
Revolving Loans Amortized Cost Basis	46,548	47,070
Total loans	250,335	405,250
Commercial real estate non-owner occupied \| Construction \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	55,139	43,385
2023/2022	59,137	190,826
2022/2021	54,735	59,477
2021/2020	33,859	63,486
2020/2019	917	1,006
Revolving Loans Amortized Cost Basis	46,548	47,070
Total loans	250,335	405,250
Commercial real estate non-owner occupied \| Acquisition/development
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	16,645	13,228
2023/2022	4,038	40,077
2022/2021	32,100	21,011
2021/2020	20,412	5,992
2020/2019	1,079	597
Prior	8,404	8,814
Revolving Loans Amortized Cost Basis	184	7,416
Revolving Loans Converted to Term		2,961
Total loans	82,862	100,096
Commercial real estate non-owner occupied \| Acquisition/development \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	16,645	13,228
2023/2022	4,038	39,000
2022/2021	31,028	21,011
2021/2020	20,412	5,992
2020/2019	1,079	597
Prior	8,110	8,814
Revolving Loans Amortized Cost Basis	184	7,416
Revolving Loans Converted to Term		2,961
Total loans	81,496	99,019
Commercial real estate non-owner occupied \| Acquisition/development \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023/2022		1,077
2022/2021	1,072
Total loans	1,072	1,077
Commercial real estate non-owner occupied \| Acquisition/development \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	294
Total loans	294
Commercial real estate non-owner occupied \| Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	5,522	16,450
2023/2022	16,470	113,936
2022/2021	146,963	92,574
2021/2020	74,239	16,938
2020/2019	45,700	39,371
Prior	31,034	31,671
Revolving Loans Amortized Cost Basis	853	830
Total loans	320,781	311,770
Commercial real estate non-owner occupied \| Multifamily \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	1,363	16,450
2023/2022	16,470	113,936
2022/2021	138,872	92,574
2021/2020	70,419	16,938
2020/2019	45,700	39,371
Prior	31,034	31,671
Revolving Loans Amortized Cost Basis	853	830
Total loans	304,711	311,770
Commercial real estate non-owner occupied \| Multifamily \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	4,159
2022/2021	8,091
2021/2020	3,820
Total loans	16,070
Commercial real estate non-owner occupied \| Non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	73,438	116,168
2023/2022	145,155	241,563
2022/2021	321,270	172,042
2021/2020	161,240	112,736
2020/2019	125,374	128,167
Prior	320,865	262,264
Revolving Loans Amortized Cost Basis	11,018	6,694
Total loans	1,158,360	1,039,634
Gross charge-offs 2022/2021	293
Gross charge-offs Prior	4,422
Gross charge-offs, Total loans	4,715
Commercial real estate non-owner occupied \| Non-owner occupied \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	68,192	116,168
2023/2022	143,857	241,563
2022/2021	303,998	172,042
2021/2020	143,085	91,188
2020/2019	125,374	124,291
Prior	304,162	236,694
Revolving Loans Amortized Cost Basis	11,018	6,694
Total loans	1,099,686	988,640
Commercial real estate non-owner occupied \| Non-owner occupied \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	5,246
2023/2022	1,298
2022/2021	17,272
2021/2020	12,184	21,268
2020/2019		3,876
Prior	16,009	2,489
Total loans	52,009	27,633
Commercial real estate non-owner occupied \| Non-owner occupied \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021/2020	5,516
Prior	694	19,848
Total loans	6,210	19,848
Commercial real estate non-owner occupied \| Non-owner occupied \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021/2020	455	280
Prior		3,233
Total loans	455	3,513
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	73,443	94,346
2023/2022	81,297	440,695
2022/2021	423,727	318,768
2021/2020	282,698	116,702
2020/2019	103,437	45,642
Prior	182,786	191,704
Revolving Loans Amortized Cost Basis	105,556	115,152
Revolving Loans Converted to Term	894	778
Total loans	1,253,838	1,323,787
Gross charge-offs Prior		48
Gross charge-offs, Total loans		48
Residential real estate \| Senior lien
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	66,529	89,163
2023/2022	77,799	436,082
2022/2021	418,873	316,820
2021/2020	280,909	112,997
2020/2019	101,384	43,372
Prior	177,137	186,609
Revolving Loans Amortized Cost Basis	46,053	48,462
Revolving Loans Converted to Term	583	94
Total loans	1,169,267	1,233,599
Gross charge-offs Prior		48
Gross charge-offs, Total loans		48
Residential real estate \| Senior lien \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	66,465	87,608
2023/2022	77,136	434,963
2022/2021	415,279	316,080
2021/2020	280,209	112,582
2020/2019	100,990	42,752
Prior	174,830	183,890
Revolving Loans Amortized Cost Basis	46,053	48,462
Revolving Loans Converted to Term	583	94
Total loans	1,161,545	1,226,431
Residential real estate \| Senior lien \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	16	515
Total loans	16	515
Residential real estate \| Senior lien \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	64	1,555
2023/2022	663	1,119
2022/2021	3,422	740
2021/2020	700	415
2020/2019	394	620
Prior	2,270	2,167
Total loans	7,513	6,616
Residential real estate \| Senior lien \| Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2022/2021	172
Prior	21	37
Total loans	193	37
Residential real estate \| Junior lien
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	6,914	5,183
2023/2022	3,498	4,613
2022/2021	4,854	1,948
2021/2020	1,789	3,705
2020/2019	2,053	2,270
Prior	5,649	5,095
Revolving Loans Amortized Cost Basis	59,503	66,690
Revolving Loans Converted to Term	311	684
Total loans	84,571	90,188
Residential real estate \| Junior lien \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	6,870	4,920
2023/2022	3,498	4,464
2022/2021	4,614	1,712
2021/2020	1,789	2,947
2020/2019	1,964	2,270
Prior	5,488	4,729
Revolving Loans Amortized Cost Basis	59,331	66,441
Revolving Loans Converted to Term	311	684
Total loans	83,865	88,167
Residential real estate \| Junior lien \| Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	27	27
Revolving Loans Amortized Cost Basis		249
Total loans	27	276
Residential real estate \| Junior lien \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	44	263
2023/2022		149
2022/2021	240	236
2021/2020		758
2020/2019	89
Prior	134	339
Revolving Loans Amortized Cost Basis	172
Total loans	679	1,745
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	4,557	5,945
2023/2022	1,994	3,330
2022/2021	1,443	2,233
2021/2020	942	997
2020/2019	528	244
Prior	207	460
Revolving Loans Amortized Cost Basis	4,795	5,950
Revolving Loans Converted to Term	71	27
Total loans	14,537	19,186
Gross charge-offs 2024/2023	877	1,225
Gross charge-offs 2023/2022	23	13
Gross charge-offs 2022/2021	30	1
Gross charge-offs 2021/2020	3	2
Gross charge-offs 2020/2019		1
Gross charge-offs Prior	48	8
Gross charge-offs, Total loans	981	1,250
Consumer \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024/2023	4,557	5,945
2023/2022	1,994	3,330
2022/2021	1,443	2,233
2021/2020	942	997
2020/2019	528	244
Prior	169	410
Revolving Loans Amortized Cost Basis	4,795	5,947
Revolving Loans Converted to Term	71	27
Total loans	14,499	19,133
Consumer \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	38	50
Revolving Loans Amortized Cost Basis		3
Total loans	$ 38	$ 53

Loans - Collateral Dependent Lo

Loans - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	$ 24,402	$ 32,448
Management evaluated loan with amortized cost basis	250
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	13,134	9,794
Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	11,205	2,166
Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	1,343	1,883
Commercial \| Food and agribusiness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	586	5,745
Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,971	19,993
Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,971	19,993
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,297	2,661
Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,075	2,661
Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	222
Real property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	19,478	27,069
Real property \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	8,210	4,415
Real property \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	6,281	1,946
Real property \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	1,343	1,883
Real property \| Commercial \| Food and agribusiness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	586	586
Real property \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,971	19,993
Real property \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,971	19,993
Real property \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,297	2,661
Real property \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	5,075	2,661
Real property \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	222
Business assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	4,924	5,379
Business assets \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	4,924	5,379
Business assets \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis	$ 4,924	220
Business assets \| Commercial \| Food and agribusiness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized Cost Basis		$ 5,159

Loans - Schedule of Modified Lo

Loans - Schedule of Modified Loans to Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Term extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 1,652	$ 19,685
% of loan class	0%	0.30%
Term extension \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 1,488
% of loan class	0%	0%
Term extension \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 1,488
% of loan class	0.10%	0%
Term extension \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 164	$ 18,770
% of loan class	0%	1%
Term extension \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 164	$ 18,770
% of loan class	0%	1.80%
Term extension \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis		$ 915
% of loan class	0%	0.10%
Term extension \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis		$ 652
% of loan class	0%	0.10%
Term extension \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis		$ 263
% of loan class	0%	0.30%
Payment delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 12,944	$ 8,936
% of loan class	0.20%	0.10%
Payment delay \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 12,093	$ 8,936
% of loan class	0.30%	0.20%
Payment delay \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 10,429	$ 8,936
% of loan class	0.50%	0.50%
Payment delay \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 1,664
% of loan class	0.10%
Payment delay \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%	0%
Payment delay \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%	0%
Payment delay \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 851
% of loan class	0.10%	0%
Payment delay \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 851
% of loan class	0.10%	0%
Payment delay \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%	0%
Term extension and Interest Rate Reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 65
% of loan class	0%
Term extension and Interest Rate Reduction \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Interest Rate Reduction \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Interest Rate Reduction \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Interest Rate Reduction \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Interest Rate Reduction \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Interest Rate Reduction \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 65
% of loan class	0%
Term extension and Interest Rate Reduction \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 21
% of loan class	0%
Term extension and Interest Rate Reduction \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 44
% of loan class	0.10%
Term extension and Payment delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 382
% of loan class	0%
Term extension and Payment delay \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Payment delay \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Payment delay \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Payment delay \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Payment delay \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%
Term extension and Payment delay \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 382
% of loan class	0%
Term extension and Payment delay \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis	$ 382
% of loan class	0%
Term extension and Payment delay \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of loan class	0%

Loans - Schedule of Payment Sta

Loans - Schedule of Payment Status of Financing Receivable Modified Past 12 Months (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR's modified within the past year that defaulted on their restructured terms \| loan	2	1
Value of TDMs/TDRs modified within past 12 months	$ 3,200	$ 13,500
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	11,766	15,149
Current \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	10,731	8,936
Current \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	9,067	8,936
Current \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,664
Current \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	164	5,298
Current \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	164	5,298
Current \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	871	915
Current \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	871	652
Current \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		263
90+ days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,851
90+ days past due \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,851
90+ days past due \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,851
Non-accrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	426	13,472
Non-accrual \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		13,472
Non-accrual \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 13,472
Non-accrual \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	426
Non-accrual \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	382
Non-accrual \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 44

Loans - Schedule of Financial E

Loans - Schedule of Financial Effect of Loan Restructuring Modifications (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Term extension \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension	6 months
Term extension \| Commercial real estate non-owner occupied \| Non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension	7 years 6 months	3 months 18 days
Term extension \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension	8 months 12 days
Term extension \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension		1 year 3 months 18 days
Payment delay \| Commercial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment delay	4 months 24 days	6 months
Payment delay \| Commercial \| Owner occupied commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment delay	6 months
Payment delay \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment delay	3 months 18 days
Combination - Interest rate reduction and Term extension \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension	11 years	30 years
Combination - Interest Rate Reduction and Term Extension	1.50%	2.50%
Combination - Interest rate reduction and Term extension \| Residential real estate \| Junior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension	10 years
Combination - Interest Rate Reduction and Term Extension	1.10%
Term extension and Payment delay \| Residential real estate \| Senior lien
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term extension	8 months 12 days

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring and Loans Accounted for Under ASC Topic 310-30 Narratives (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Debt Disclosure [Abstract]
Value of TDMs/TDRs modified within past 12 months \| $	$ 3.2	$ 13.5
TDMs/TDRs that were modified within the past twelve months and had defaulted on their modified terms \| loan	2	1

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary of Company's Allowance for Loan Losses ("All") and Recorded Investment in Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 97,947	$ 89,553
Charge-offs	(10,778)	(1,575)
Recoveries	956	444
Provision expense (release) for credit losses	6,330	9,525
Ending balance	94,455	97,947
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	45,304	37,608
Charge-offs	(5,082)	(277)
Recoveries	493	290
Provision expense (release) for credit losses	7,837	7,683
Ending balance	48,552	45,304
Non-owner occupied commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	32,665	32,050
Charge-offs	(4,715)
Recoveries	7	3
Provision expense (release) for credit losses	(1,821)	612
Ending balance	26,136	32,665
Residential real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	19,550	19,306
Charge-offs		(48)
Recoveries	97	26
Provision expense (release) for credit losses	(221)	266
Ending balance	19,426	19,550
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	428	589
Charge-offs	(981)	(1,250)
Recoveries	359	125
Provision expense (release) for credit losses	535	964
Ending balance	$ 341	$ 428

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for Credit Losses
Allowance for credit losses	$ 94,455	$ 97,947	$ 89,553
Increase (decrease) in allowance for credit losses		8,400
Charge-offs, net	9,800	1,100
Accrued interest receivable	$ 41,500	$ 42,400
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Allowance for credit losses	Allowance for credit losses

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases
Lease right-of-use	$ 25,900	$ 29,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets	Other Assets
Lease liabilities	$ 28,938	$ 32,100
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities.	Other Liabilities.
Weighted-average remaining lease term (in years)	7 years 9 months 18 days	8 years 2 months 12 days
Weighted-average discount rates (in percent)	3.41%	3.26%
Rent expense	$ 6,200	$ 6,100
Remaining undiscounted cash flows
2025	5,425
2026	4,109
2027	3,790
2028	3,412
2029	2,829
Thereafter	17,931
Total lease payments	37,496
Less: Imputed interest	(8,558)
Present value of operating lease liabilities	$ 28,938	$ 32,100
Maximum
Leases
Term of lease (in years)	20 years
Minimum
Leases
Term of lease (in years)	1 month

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total premises and equipment, at cost	$ 311,581	$ 267,581
Less: accumulated depreciation and amortization	(114,808)	(104,848)
Premises and equipment, net	196,773	162,733
Land
Property, Plant and Equipment [Line Items]
Total premises and equipment, at cost	43,720	40,079
Building Improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment, at cost	122,905	114,006
Business assets
Property, Plant and Equipment [Line Items]
Total premises and equipment, at cost	$ 144,956	$ 113,496

Premises and Equipment - Narrat

Premises and Equipment - Narrative (Details) $ in Thousands	12 Months Ended
Premises and Equipment - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)
Premises and Equipment
Depreciation expense	$ 9,400	$ 10,000	$ 8,400
Disposal of premises and equipment	3,000	2,300	7,000
Gain on sale of fixed assets	637	148	1,674
Impairment on fixed assets related to banking center consolidations	$ 1,000	$ 200	$ 0
Number of banking centers classified as held-for-sale \| item	3	5
Banking center classified as held-for-sale		$ 13,400

Other Real Estate Owned - Summa

Other Real Estate Owned - Summary of Activity in OREO Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Other Real Estate Owned
Beginning balance	$ 4,088	$ 3,731
Transfers from loan portfolio, at fair value	427	1,207
Impairments		(249)
Sales	(3,853)	(601)
Ending balance	$ 662	$ 4,088

Other Real Estate Owned - Narra

Other Real Estate Owned - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Real Estate Owned
OREO sales	$ 3,853	$ 601
(Loss) gain on OREO sales, net	$ (385)	(20)	$ 648
Impairment on other real estate owned		$ 200

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets
Goodwill acquired	$ 306,043	$ 306,043
Goodwill Impairment	$ 0	0
Amortization period for acquired intangible assets	9 years 9 months 18 days
Mortgage loans serviced	$ 500,000	500,000
Mortgage service fees	1,500	2,400
Loans	7,656,688	7,600,811
Amortization expense	$ 7,939	7,386	$ 2,338
Core deposit intangible
Goodwill and Intangible Assets
Amortization period	10 years
Other intangible assets
Goodwill and Intangible Assets
Amortization expense	$ 7,900	7,400	$ 2,300
MSRs
Goodwill and Intangible Assets
Amortization expense	$ 541	$ 775
MSRs \| Discount rate \| Minimum
Goodwill and Intangible Assets
Servicing assets measurement input (as a percent)	0.10	0.10
MSRs \| Discount rate \| Maximum
Goodwill and Intangible Assets
Servicing assets measurement input (as a percent)	0.105	0.105
MSRs \| Constant prepayment speed \| Minimum
Goodwill and Intangible Assets
Servicing assets measurement input (as a percent)	0.06	0.065
MSRs \| Constant prepayment speed \| Maximum
Goodwill and Intangible Assets
Servicing assets measurement input (as a percent)	0.103	0.158
Small Business Administration ("SBA") servicing rights
Goodwill and Intangible Assets
Fee income	$ 300	$ 900
Loans	132,000	108,800
Amortization expense	$ 283	$ 156
Small Business Administration ("SBA") servicing rights \| Discount rate
Goodwill and Intangible Assets
Servicing assets measurement input (as a percent)	0.104	0.123
Small Business Administration ("SBA") servicing rights \| Constant prepayment speed
Goodwill and Intangible Assets
Servicing assets measurement input (as a percent)	0.157	0.147
Customer relationship intangible
Goodwill and Intangible Assets
Amortization period	10 years
Acquired technology intangible
Goodwill and Intangible Assets
Amortization period	5 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Carrying Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Carrying amount of intangible assets
Gross carrying amount	$ 110,866	$ 110,866
Accumulated amortization	(60,131)	(52,192)
Net carrying amount	50,735	58,674
Core deposit intangible
Carrying amount of intangible assets
Gross carrying amount	91,566	91,566
Accumulated amortization	(55,417)	(50,095)
Net carrying amount	36,149	41,471
Customer relationship intangible
Carrying amount of intangible assets
Gross carrying amount	17,000	17,000
Accumulated amortization	(4,024)	(1,867)
Net carrying amount	12,976	15,133
Acquired technology intangible
Carrying amount of intangible assets
Gross carrying amount	2,300	2,300
Accumulated amortization	(690)	(230)
Net carrying amount	$ 1,610	$ 2,070

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Estimated Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Other intangible assets
Estimated future amortization expense
2025	$ 7,786
2026	7,664
2027	7,542
2028	6,142
2029	5,790
MSRs
Estimated future amortization expense
2025	537
2026	477
2027	424
2028	377
2029	$ 335

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended			24 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2024
Changes in the mortgage servicing rights
Beginning balance	$ 58,674
Amortization	(7,939)	$ (7,386)	$ (2,338)
Ending balance	50,735	58,674		$ 50,735
Sale of Mortgage Servicing Rights
Gain on sale of mortgage servicing rights		1,052
MSRs
Changes in the mortgage servicing rights
Beginning balance	4,911	9,162		9,162
Originations	404	1,183
Sales		(4,664)
Recovery (impairment)	$ 61	$ 5
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss) on Sale of Mortgage Loans	Gain (Loss) on Sale of Mortgage Loans
Amortization	$ (541)	$ (775)
Ending balance	4,835	4,911	9,162	4,835
Fair value of mortgage servicing rights	7,451	7,124		7,451
Sale of Mortgage Servicing Rights
Unpaid principal balances from mortgage servicing rights portfolio		486,700
Decrease in mortgage servicing right intangible		4,700
Gain on sale of mortgage servicing rights		1,100
Small Business Administration ("SBA") servicing rights
Changes in the mortgage servicing rights
Beginning balance	2,440	2,666		2,666
Originations	1,150	358
Disposals	(569)	(353)
Recovery (impairment)	$ 124	$ (75)
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss) on Sale of Mortgage Loans	Gain (Loss) on Sale of Mortgage Loans
Amortization	$ (283)	$ (156)
Ending balance	2,862	2,440	$ 2,666	2,862
Fair value of mortgage servicing rights	$ 2,862	$ 2,440		$ 2,862

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits
Total Deposits	$ 8,237,893	$ 8,190,391
Time deposits	1,020,036	981,970
Minimum reserve required	0
Amount of certificates of deposit that meet or exceed insurance limit	$ 288,300	$ 289,300

Deposits - Summary of Time Depo

Deposits - Summary of Time Deposits Based Upon Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deposits
2025	$ 822,644
2026	123,415
2027	53,647
2028	17,145
2029	2,691
Thereafter	494
Time Deposits, Total	$ 1,020,036	$ 981,970

Deposits - Schedule of Interest

Deposits - Schedule of Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deposits
Interest bearing demand deposits	$ 39,938	$ 26,984	$ 2,163
Money Market accounts	105,688	57,028	5,808
Savings accounts	6,057	3,945	1,376
Time deposits	34,509	21,421	5,249
Interest expense	$ 186,192	$ 109,378	$ 14,596

Borrowings - Narrative (Details

Borrowings - Narrative (Details) $ in Thousands	12 Months Ended
Borrowings - Narrative (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 01, 2022 USD ($) item
Assets Sold under Agreements to Repurchase [Line Items]
Amount of repurchase agreements	$ 18,900	$ 19,600	$ 20,200
Fair Value	527,547	628,829
Remaining balance on the note	54,511	54,200
Federal home loan bank, advances, general debt obligations, maximum amount available	1,700,000
Loans receivable	7,656,688	7,600,811
Interest expense related to FHLB advances	4,600	22,000
Bank of Jackson Hole
Assets Sold under Agreements to Repurchase [Line Items]
Number of subordinated note purchase agreements assumed \| item				3
Asset Pledged as Collateral
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value	0	0
Excess collateral pledged	12,400	10,800	11,800
Asset Pledged as Collateral \| Securities Sold under Agreements to Repurchase
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value	$ 31,300	$ 30,400	$ 32,000
Financing Receivable, Pledging Purpose [Extensible Enumeration]	Noninterest-bearing Deposit Liabilities	Noninterest-bearing Deposit Liabilities	Noninterest-bearing Deposit Liabilities
Asset Pledged as Collateral \| Federal Home Loan Bank Advances
Assets Sold under Agreements to Repurchase [Line Items]
Financing Receivable, Pledging Purpose [Extensible Enumeration]	Noninterest-bearing Deposit Liabilities	Noninterest-bearing Deposit Liabilities
Fair value of available-for-sale investment securities pledged as collateral	$ 0	$ 0	$ 0
Loans receivable	2,600,000
Fixed-To-Floating Rate Note, Maturing June 2031 \| Bank of Jackson Hole
Assets Sold under Agreements to Repurchase [Line Items]
Subordinated note				$ 15,000
Fair value adjustment from the acquisition	300	500
Remaining balance on the note	14,700	14,500
Interest expense	600	600
Line of credit
Assets Sold under Agreements to Repurchase [Line Items]
FHLB advances	50,000	340,000
Subordinated Debt \| Fixed-To-Floating Rate Note, Maturing November 2031
Assets Sold under Agreements to Repurchase [Line Items]
Subordinated note	40,000
Remaining balance on the note	39,800	39,700
Debt issuance costs	200	300
Interest expense	$ 1,200	1,200
Interest rate (as a percent)	3%
Variable rate basis (as a percent)	2.03%
Redemption price as a percent of principal	100%
Subordinated Debt \| Fixed-To-Floating Rate Note, Maturing June 2031 \| Bank of Jackson Hole
Assets Sold under Agreements to Repurchase [Line Items]
Interest rate (as a percent)	3.75%
Variable rate basis (as a percent)	3.06%
Redemption price as a percent of principal	100%
Maturity on Demand
Assets Sold under Agreements to Repurchase [Line Items]
Amount of repurchase agreements	$ 0	$ 0	$ 0

Borrowings - Schedule of Select

Borrowings - Schedule of Selected Information Regarding Repurchase Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deposits
Maximum amount of outstanding agreements at any month end during the period	$ 22,771	$ 23,768	$ 25,342
Average amount outstanding during the period	$ 17,973	$ 19,346	$ 21,298
Weighted average interest rate for the period	0.12%	0.11%	0.20%

Regulatory Capital - Capital Ra

Regulatory Capital - Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	2.50%	2.50%
Consolidated
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	10.7	9.7
Common equity risk-based ratio	13.2	11.9
Risk-based capital Ratio	13.2	11.9
Total risk-based capital Ratio	15.1	13.8
Leverage Amount	$ 1,037,550	$ 941,369
Common equity risk-based amount	1,037,550	941,369
Risk-based capital amount	1,037,550	941,369
Total risk-based capital Amount	$ 1,187,514	$ 1,092,800
Required to be considered adequately capitalized Ratio, leverage ratio	4	4
Required to be considered well capitalized Ratio, risk-based capital ratio	7	7
Required to be considered adequately capitalized Ratio, risk-based capital ratio	8.5	8.5
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio	10.5	10.5
Required to be considered adequately capitalized leverage Amount	$ 388,278	$ 386,775
Required to be considered adequately capitalized common equity capital amount	550,074	554,325
Required to be considered adequately capitalized risk-based capital Amount	667,947	673,109
Required to be considered adequately capitalized Total risk-based capital Amount	$ 825,111	$ 831,487
NBH Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	9.5	8.9
Common equity risk-based ratio	11.8	10.9
Risk-based capital Ratio	11.8	10.9
Total risk-based capital Ratio	13	12.1
Leverage Amount	$ 921,509	$ 856,243
Common equity risk-based amount	921,509	856,243
Risk-based capital amount	921,509	856,243
Total risk-based capital Amount	$ 1,016,471	$ 952,674
Required to be considered well capitalized Ratio, leverage ratio	5	5
Required to be considered well capitalized Ratio, risk-based common equity capital ratio	6.5	6.5
Required to be considered well capitalized Ratio, risk-based capital ratio	8	8
Required to be considered well capitalized Ratio, Total risk-based capital ratio	10	10
Required to be considered well capitalized leverage Amount	$ 483,533	$ 481,685
Required to be considered well capitalized common equity capital amount	508,418	512,408
Required to be considered well capitalized risk-based capital Amount	625,746	630,656
Required to be considered well capitalized Total risk-based capital Amount	$ 782,182	$ 788,319
Required to be considered adequately capitalized Ratio, leverage ratio	4	4
Required to be considered well capitalized Ratio, risk-based capital ratio	7	7
Required to be considered adequately capitalized Ratio, risk-based capital ratio	8.5	8.5
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio	10.5	10.5
Required to be considered adequately capitalized leverage Amount	$ 386,826	$ 385,348
Required to be considered adequately capitalized common equity capital amount	547,528	551,824
Required to be considered adequately capitalized risk-based capital Amount	664,855	670,072
Required to be considered adequately capitalized Total risk-based capital Amount	$ 821,291	$ 827,735
Bank of Jackson Hole
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage Ratio	31	30
Common equity risk-based ratio	77.2	71.2
Risk-based capital Ratio	77.2	71.2
Total risk-based capital Ratio	77.3	71.2
Leverage Amount	$ 12,461	$ 11,609
Common equity risk-based amount	12,461	11,609
Risk-based capital amount	12,461	11,609
Total risk-based capital Amount	$ 12,462	$ 11,609
Required to be considered well capitalized Ratio, leverage ratio	5	5
Required to be considered well capitalized Ratio, risk-based common equity capital ratio	6.5	6.5
Required to be considered well capitalized Ratio, risk-based capital ratio	8	8
Required to be considered well capitalized Ratio, Total risk-based capital ratio	10	10
Required to be considered well capitalized leverage Amount	$ 2,013	$ 1,936
Required to be considered well capitalized common equity capital amount	1,049	1,059
Required to be considered well capitalized risk-based capital Amount	1,291	1,304
Required to be considered well capitalized Total risk-based capital Amount	$ 1,613	$ 1,629
Required to be considered adequately capitalized Ratio, leverage ratio	4	4
Required to be considered well capitalized Ratio, risk-based capital ratio	7	7
Required to be considered adequately capitalized Ratio, risk-based capital ratio	8.5	8.5
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio	10.5	10.5
Required to be considered adequately capitalized leverage Amount	$ 1,611	$ 1,549
Required to be considered adequately capitalized common equity capital amount	1,129	1,141
Required to be considered adequately capitalized risk-based capital Amount	1,371	1,385
Required to be considered adequately capitalized Total risk-based capital Amount	$ 1,694	$ 1,711

Revenue from Contracts with C_3

Revenue from Contracts with Clients - Non-interest income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contracts with Clients
Non-interest income (in-scope of Topic 606)	$ 46,174	$ 46,924	$ 37,654
Non-interest income (out-of-scope of Topic 606)	15,057	16,993	29,658
Total non-interest income	61,231	63,917	67,312
Other non-interest expense	(385)	(20)	648
Total revenue in-scope of Topic 606	45,789	46,904	38,302
Service charges and other account-related fees
Revenue from Contracts with Clients
Non-interest income (in-scope of Topic 606)	21,605	22,623	18,772
Bank card fees
Revenue from Contracts with Clients
Non-interest income (in-scope of Topic 606)	18,963	19,636	18,299
Other non-interest income
Revenue from Contracts with Clients
Non-interest income (in-scope of Topic 606)	$ 5,606	$ 4,665	$ 583

Stock-based Compensation and _3

Stock-based Compensation and Benefits - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	1,000,062
Share-based Compensation Arrangement by Share-based Payment Award, Reduction in Number of Shares for Every One Option or Stock Appreciation Right Granted	1
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term (in years)	10 years
Stock based compensation expense	$ 300,000	$ 900,000	$ 700,000
Unrecognized compensation expense	$ 500,000
Unrecognized compensation cost, weighted-average period, years	1 year 2 months 12 days
Employee Stock Option \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Rights, Percentage	0.333%
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	186,050	186,546
Restricted stock awards \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 5,100,000	$ 4,300,000	3,400,000
Unrecognized compensation expense	$ 5,100,000
Unrecognized compensation cost, weighted-average period, years	1 year 10 months 24 days
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	79,254	79,215
Performance stock units \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 2,700,000	$ 2,000,000	$ 1,900,000
Unrecognized compensation expense	$ 3,300,000
Unrecognized compensation cost, weighted-average period, years	1 year 9 months 18 days
Awards granted (in shares)	79,254	79,215	51,931
Performance period	3 years
Performance stock units \| NBH Holdings Corp. 2023 Omnibus Incentive Plan \| EPS target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards based on performance type	0.333%	60%	60%
Performance stock units \| NBH Holdings Corp. 2023 Omnibus Incentive Plan \| TSR target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards based on performance type	0.333%	40%	40%
Performance stock units \| NBH Holdings Corp. 2023 Omnibus Incentive Plan \| ROTA target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards based on performance type	0.333%
Employee stock \| 2014 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum stock purchases by employees, value	$ 25,000
Maximum stock purchases by employees (in shares)	2,000
Discount on purchase of common stock (as a percent)	90%
Offering period for employee stock purchases	6 months
Number of shares authorized	400,000
Shares available for issuance	214,530
Employees purchased shares (in shares)	21,389	26,563
Minimum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Minimum \| Restricted stock awards \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Minimum \| Performance stock units \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of initial target awards	0%
Maximum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Maximum \| Restricted stock awards \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum \| Performance stock units \| NBH Holdings Corp. 2023 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of initial target awards	150%
2Unifi LLC \| Class B Units \| Share-based payment arrangement \| 2023 Equity Unit Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted in period	122,000	112,000
Vesting period	5 years
Unrecognized compensation expense	$ 100,000
2Unifi LLC \| Class B Units \| Share-based payment arrangement \| 2023 Equity Unit Incentive Plan \| EPS target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Rights, Percentage	50%
2Unifi LLC \| Class B Units \| Share-based payment arrangement \| 2023 Equity Unit Incentive Plan \| TSR target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award Vesting Rights, Percentage	25%
2Unifi LLC \| Class B Units \| Maximum \| Share-based payment arrangement \| 2023 Equity Unit Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted in period	200,000

Stock-based Compensation and _4

Stock-based Compensation and Benefits - Schedule Of Weighted Average Assumptions Using Black-Scholes option-Pricing Model (Details) - Employee Stock Option - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share Based Compensation [Line Items]
Weighted average fair value	$ 9.01	$ 11.14
Risk-free interest rate	3.57%	2.69%
Expected volatility	32.48%	31.16%
Expected term (years)	6 years 18 days	6 years 14 days
Dividend yield	2.99%	2.24%

Stock-based Compensation and _5

Stock-based Compensation and Benefits - Summary of Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding Options, beginning	755,546	717,088
Exercised, Options	(177,379)
Forfeited, Options	(14,175)
Outstanding Options, ending	563,992	755,546
Options exercisable at end of period, Options	472,290
Options vested and expected to vest, Options	558,813
Outstanding, Weighted average exercise price, beginning	$ 30.95	$ 29.79
Exercised, Weighted average exercise price	24.48
Forfeited, Weighted average exercise price	34.24
Outstanding, Weighted average exercised price, ending	32.9	$ 30.95
Options exercisable at end of period, Weighted average exercise price	32.36
Options vested and expected to vest, Weighted average exercise price	$ 32.88
Outstanding, Weighted average remaining contractual term in years	5 years 4 months 13 days	5 years 9 months 14 days
Options exercisable at end of period, weighted average remaining contractual term in years	4 years 10 months 9 days
Options vested and expected to vest, Weighted average remaining contractual term in years	5 years 4 months 2 days
Outstanding, Aggregate intrinsic value	$ 5,759	$ 5,270
Options exercisable at end of period, Aggregate intrinsic value	5,072
Options vested and expected to vest, Aggregate Intrinsic Value	$ 5,716

Stock-based Compensation and _6

Stock-based Compensation and Benefits - Summarizes Information about Outstanding Stock Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Number	563,992	755,546	717,088
Options Outstanding, Weighted Average Remaining Contractual Life in years	5 years 4 months 13 days	5 years 9 months 14 days
Options Outstanding, Weighted Average Exercise Price	$ 32.9	$ 30.95	$ 29.79
Options Vested, Number	558,813
Options Vested, Weighted Average Exercise Price	$ 32.88
18.00 - 22.99
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Low Range of Exercise Price	18
Options Outstanding, High Range of Exercise Price	$ 22.99
Options Outstanding, Number	11,184
Options Outstanding, Weighted Average Remaining Contractual Life in years	11 months 8 days
Options Outstanding, Weighted Average Exercise Price	$ 19.43
Options Vested, Number	11,184
Options Vested, Weighted Average Exercise Price	$ 19.43
23.00 - 27.99
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Low Range of Exercise Price	23
Options Outstanding, High Range of Exercise Price	$ 27.99
Options Outstanding, Number	116,194
Options Outstanding, Weighted Average Remaining Contractual Life in years	5 years 2 months 26 days
Options Outstanding, Weighted Average Exercise Price	$ 23.15
Options Vested, Number	116,194
Options Vested, Weighted Average Exercise Price	$ 23.15
28.00 - 32.99
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Low Range of Exercise Price	28
Options Outstanding, High Range of Exercise Price	$ 32.99
Options Outstanding, Number	69,818
Options Outstanding, Weighted Average Remaining Contractual Life in years	3 years 2 months 4 days
Options Outstanding, Weighted Average Exercise Price	$ 32.63
Options Vested, Number	69,818
Options Vested, Weighted Average Exercise Price	$ 32.63
33.00 - 37.99
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Low Range of Exercise Price	33
Options Outstanding, High Range of Exercise Price	$ 37.99
Options Outstanding, Number	230,144
Options Outstanding, Weighted Average Remaining Contractual Life in years	5 years 5 months 12 days
Options Outstanding, Weighted Average Exercise Price	$ 33.84
Options Vested, Number	163,814
Options Vested, Weighted Average Exercise Price	$ 33.99
38.00 and above
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding, Exercise Price	$ 38
Options Outstanding, Number	136,652
Options Outstanding, Weighted Average Remaining Contractual Life in years	6 years 9 months 21 days
Options Outstanding, Weighted Average Exercise Price	$ 40.84
Options Vested, Number	111,280
Options Vested, Weighted Average Exercise Price	$ 40.72

Stock-based Compensation and _7

Stock-based Compensation and Benefits - Summary of Restricted Stock Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Restricted stock shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted shares, Beginning (in shares)	240,584	165,137
Unvested Restricted shares, Granted (in shares)	186,050	186,546
Unvested Restricted shares, Vested (in shares)	(108,762)	(101,171)
Unvested Restricted shares, Forfeited (in shares)	(25,858)	(9,928)
Unvested Restricted shares, Ending (in shares)	292,014	240,584
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant-date fair value, Beginning (in dollars per share)	$ 34.47	$ 38.28
Weighted average grant-date fair value, Granted (in dollars per share)	35.43	31.16
Weighted average grant-date fair value, Vested (in dollars per share)	35.85	34.42
Weighted average grant-date fair value, Forfeited (in dollars per share)	35.97	36.42
Weighted average grant-date fair value, Ending (in dollars per share)	$ 34.43	$ 34.47
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested Restricted shares, Beginning (in shares)	171,782	155,857
Unvested Restricted shares, Granted (in shares)	79,254	79,215
Unvested Restricted shares, Net adjustment due to performance (in shares)	(530)	18,664
Unvested Restricted shares, Vested (in shares)	(46,490)	(74,142)
Unvested Restricted shares, Forfeited (in shares)	(5,752)	(7,812)
Unvested Restricted shares, Ending (in shares)	198,264	171,782
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant-date fair value, Beginning (in dollars per share)	$ 34.56	$ 33.81
Weighted average grant-date fair value, Granted (in dollars per share)	35.24	30.57
Weighted average grant-date fair value, Net adjustment due to performance (in dollars per share)	35.75	25.94
Weighted average grant-date fair value, Vested (in dollars per share)	37.82	26.55
Weighted average grant-date fair value, Forfeited (in dollars per share)	32.66	34.58
Weighted average grant-date fair value, Ending (in dollars per share)	34.31	34.56
EPS
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant-date fair value, Granted (in dollars per share)	35.41	33.46
ROTA
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant-date fair value, Granted (in dollars per share)	35.41
TSR
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant-date fair value, Granted (in dollars per share)	$ 34.91	$ 27.06
Weighted average beginning measurement period price	$ 36.72

Common Stock - Narrative (Detai

Common Stock - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Common Stock - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	May 09, 2023
Schedule Of Common Stock [Line Items]
Shares outstanding	38,054,482	37,784,851
2021 board authorized share purchase program
Schedule Of Common Stock [Line Items]
Stock repurchase program, authorized amount			$ 50
Remaining authorized amount	$ 50
Class A common stock
Schedule Of Common Stock [Line Items]
Shares outstanding	38,054,482	37,784,851
Restricted issued but not yet vested, shares	292,014	240,584

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - $ / shares	12 Months Ended
Earnings Per Share - Narrative (Details) - $ / shares	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Outstanding stock options to purchase common stock	563,992	755,546	717,088
Outstanding stock options to purchase common stock, per share	$ 32.9	$ 30.95	$ 29.79
Restricted shares outstanding	490,278	412,366	320,994
Class A common stock
Shares outstanding	38,054,482	37,784,851

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Basic and Diluted Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share
Net income	$ 118,815	$ 142,048	$ 71,274
Less: income allocated to participating securities	(327)	(243)	(152)
Income allocated to common shareholders	$ 118,488	$ 141,805	$ 71,122
Weighted average shares outstanding for basic earnings per common share	38,212,304	37,937,579	32,360,005
Dilutive effect of equity awards	206,822	173,629	320,927
Weighted average shares outstanding for diluted earnings per common share	38,419,125	38,111,208	32,680,932
Basic earnings per share (in dollars per share)	$ 3.1	$ 3.74	$ 2.2
Diluted earnings per share (in dollars per share)	$ 3.08	$ 3.72	$ 2.18

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current expense:
U.S. federal	$ 19,076	$ 30,319	$ 7,193
State and local	3,502	5,750	1,831
Total current income tax expense	22,578	36,069	9,024
Deferred expense (benefit):
U.S. federal	2,993	(1,564)	5,100
State and local	861	(951)	786
Total deferred income tax expense (benefit)	3,854	(2,515)	5,886
Income tax expense	$ 26,432	$ 33,554	$ 14,910

Income Taxes - Components of Ta

Income Taxes - Components of Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Statutory rate	21%	21%	21%
Income tax at federal statutory rates (21%)	$ 30,502	$ 36,876	$ 18,098
State income taxes, net of federal benefits	3,447	3,791	2,067
Non-deductible compensation	579	642	514
Non-deductible acquisition costs			427
Tax-exempt loan interest income, net	(4,480)	(4,437)	(5,208)
Research and development tax credits	(1,600)	(2,400)
Bank-owned life insurance income	(959)	(777)	(374)
Stock-based compensation	(451)	(345)	(402)
Other	(606)	204	(212)
Income tax expense	$ 26,432	$ 33,554	$ 14,910

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Allowance for credit losses	$ 21,864	$ 24,367
Net unrealized losses on investment securities	22,471	23,685
Lease liability	6,884	7,764
Accrued compensation	5,479	4,939
Accrued stock-based compensation	2,276	2,116
Net unrealized losses on equity securities	1,845	945
Nonaccrual interest income	1,034	1,083
Net deferred loan fees	919	419
Other reserves	499	434
Excess tax basis of acquired loans over carrying value	401	438
Net operating loss	393	461
Capitalized research and development costs		1,108
Other	2,391	3,098
Total deferred tax assets	66,456	70,857
Deferred tax liabilities:
Intangible assets	(13,660)	(11,883)
Right of use assets	(6,459)	(7,404)
Premises and equipment	(4,126)	(4,840)
Mortgage servicing rights	(1,511)	(1,702)
Excess book basis in partnerships	(1,174)	(908)
Capitalized research and development costs	(1,123)
Other	(3,098)	(2,458)
Total deferred tax liabilities	(31,151)	(29,195)
Net deferred tax asset	$ 35,305	$ 41,662

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 26,432,000	$ 33,554,000	$ 14,910,000
Unrecognized tax benefits	0	0
Increase in unrecognized tax benefits	0	$ 0
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers (NOLs)	1,400,000
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryovers (NOLs)	$ 2,900,000

Derivatives - FV of Derivatives

Derivatives - FV of Derivatives on the Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Designated as hedging instrument
Derivative [Line Items]
Asset derivatives fair value	$ 31,864	$ 28,928
Liability derivatives fair value	1,296	3,400
Not designated as hedging instrument
Derivative [Line Items]
Asset derivatives fair value	8,159	8,767
Liability derivatives fair value	7,790	8,599
Interest rate products \| Other assets \| Designated as hedging instrument
Derivative [Line Items]
Asset derivatives fair value	31,864	28,928
Interest rate products \| Other assets \| Not designated as hedging instrument
Derivative [Line Items]
Asset derivatives fair value	7,773	8,480
Interest rate products \| Other liabilities \| Designated as hedging instrument
Derivative [Line Items]
Liability derivatives fair value	1,296	3,400
Interest rate products \| Other liabilities \| Not designated as hedging instrument
Derivative [Line Items]
Liability derivatives fair value	7,780	8,484
Interest rate lock commitments \| Other assets \| Not designated as hedging instrument
Derivative [Line Items]
Asset derivatives fair value	282	287
Interest rate lock commitments \| Other liabilities \| Not designated as hedging instrument
Derivative [Line Items]
Liability derivatives fair value		5
Forward contracts \| Other assets \| Not designated as hedging instrument
Derivative [Line Items]
Asset derivatives fair value	104
Forward contracts \| Other liabilities \| Not designated as hedging instrument
Derivative [Line Items]
Liability derivatives fair value	$ 10	$ 110

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Derivatives - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Termination value of derivatives in net liability position	$ 0
Interest rate lock commitments notional value
Derivative [Line Items]
Notional amount	20	$ 13.8
Forward contract notional value
Derivative [Line Items]
Notional amount	29.2	17.7
Not designated as hedging instrument \| Interest rate swap
Derivative [Line Items]
Notional amount	840.9	464.9
Derivative fee income from non-designated hedges	2.7	1.1
Fair value hedges \| Designated as hedging instrument
Derivative [Line Items]
Hedged Loans	456.1	469.4
Cumulative fair value hedge adjustment	28.7	22.6
Fair value hedges \| Designated as hedging instrument \| Interest rate swap
Derivative [Line Items]
Notional amount	348.5	351
Cumulative fair value hedge adjustment	31.2	$ 25.7
Cash flow hedges \| Designated as hedging instrument
Derivative [Line Items]
Notional amount	200
Reclassification of accumulated other comprehensive loss during the next 12 months	$ 1.2

Derivatives - Derivatives on th

Derivatives - Derivatives on the Income Statement (Details) - Fair value hedging - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Not designated as hedging instrument
Derivative [Line Items]
Amount of (loss) gain recognized in income on derivatives	$ 62	$ (224)
Interest rate products \| Interest and fees on loans \| Designated as hedging instrument
Derivative [Line Items]
Amount of (loss) gain recognized in income on derivatives	13,567	1,107
Amount of (loss) gain recognized in income on hedged items	(6,104)	6,702
Interest rate products \| Other non-interest income \| Not designated as hedging instrument
Derivative [Line Items]
Amount of (loss) gain recognized in income on derivatives	(115)	2
Interest rate lock commitments \| Mortgage banking income \| Not designated as hedging instrument
Derivative [Line Items]
Amount of (loss) gain recognized in income on derivatives	(27)	(10)
Forward contracts \| Mortgage banking income \| Not designated as hedging instrument
Derivative [Line Items]
Amount of (loss) gain recognized in income on derivatives	$ 204	$ (216)

Derivatives - Effect of fair va

Derivatives - Effect of fair value cash flow hedge accounting on AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Loss recognized in OCI on derivatives	$ 22	$ (1,005)	$ (1,721)
Loss reclassified from AOCI into income	(253)	(1,193)	$ (95)
Interest rate products \| Cash flow hedging \| Interest income
Derivative Instruments, Gain (Loss) [Line Items]
Loss recognized in OCI on derivatives	(1,639)	(1,453)
Loss recognized in OCI included component	(906)	(1,081)
Loss recognized in OCI excluded component	(733)	(372)
Loss reclassified from AOCI into income	(2,009)	(1,678)
Loss reclassified from AOCI into income included component	(1,535)	(1,223)
Loss reclassified from AOCI into income excluded component	$ (474)	$ (455)

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Total Unfunded Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Commitment And Contingencies [Line Items]
Total unfunded commitments	$ 1,430,752	$ 1,634,765
Commitments to fund loans
Commitment And Contingencies [Line Items]
Total unfunded commitments	663,859	724,928
Credit card lines of credit
Commitment And Contingencies [Line Items]
Total unfunded commitments	3,272	6,278
Unfunded commitments under lines of credit
Commitment And Contingencies [Line Items]
Total unfunded commitments	752,861	890,530
Commercial and standby letters of credit
Commitment And Contingencies [Line Items]
Total unfunded commitments	$ 10,760	$ 13,029

Commitments and Contingencies_2

Commitments and Contingencies - Repurchase Reserve Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Commitment And Contingencies [Line Items]
Beginning balance	$ 97,947	$ 89,553
Provision released from operating expense, net	6,755	8,295	$ 36,729
Charge-offs	(10,778)	(1,575)
Ending balance	94,455	97,947	89,553
Mortgage loans
Commitment And Contingencies [Line Items]
Beginning balance	1,198	1,725
Provision released from operating expense, net	(122)	(323)
Charge-offs	(76)	(204)
Ending balance	$ 1,000	$ 1,198	$ 1,725

Fair Value Measurements - Trans

Fair Value Measurements - Transfer Between Hierarchy Levels (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value Measurements
Level 1 to Level 2 Transfer, Asset	$ 0	$ 0
Level 2 to Level 1 Transfer, Asset	0	0
Level 1 to Level 2 Transfer, Liability	0	0
Level 2 to Level 1 Transfer, Liability	0	0
Level 3 Transfer, Asset	0	0
Level 3 Transfer, Liability	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	12 Months Ended			24 Months Ended
Fair Value Measurements - Additional Information (Details)	Dec. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)	Dec. 31, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Residential mortgage loans held for sale period	45 days
Interest Rate Lock Commitments, Average Percentage Of Estimated Pull Through Rate To Calculate Fair Value	85
Loans	$ 7,751,143,000	$ 7,698,758,000		$ 7,751,143,000
Impairment on other real estate owned		249,000
Impairment on fixed assets related to banking center consolidations	1,000,000	200,000	$ 0
Net Book Balance Of Fixed Assets Sold		13,400,000
Banking centers classified as held-for-sale	3	5		3
Fair value, non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring Loans Reserves	$ 6,400,000	$ 8,600,000		6,400,000
Number of Loans measured \| loan	13	10
Loans	$ 27,000,000	$ 32,700,000		27,000,000
Mortgage servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment (recoveries) on mortgage servicing rights	0			$ 0
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment on other real estate owned	0	200,000
SBA servicing asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment (recoveries) on mortgage servicing rights	0	$ 75,000
Premise and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment on fixed assets related to banking center consolidations	$ 1,000,000
Discount rate \| Impaired loans \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)	0.04			0.04
Discount rate \| Impaired loans \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)	0.32			0.32
Discount rate \| Impaired loans \| Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)	0.118			0.118
Discount rate \| Mortgage servicing rights \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.10	0.10		0.10
Discount rate \| Mortgage servicing rights \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.105	0.105		0.105
Discount rate \| Mortgage servicing rights \| Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.10	0.10		0.10
Discount rate \| Other real estate owned \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)	0.06			0.06
Discount rate \| Other real estate owned \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)	0.10			0.10
Discount rate \| Other real estate owned \| Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input (as a percent)	0.086			0.086
Discount rate \| SBA servicing asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.104	12.3		0.104
Constant prepayment speed \| Mortgage servicing rights \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.06	0.065		0.06
Constant prepayment speed \| Mortgage servicing rights \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.103	0.158		0.103
Constant prepayment speed \| Mortgage servicing rights \| Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.06	0.07		0.06
Constant prepayment speed \| SBA servicing asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets measurement input (as a percent)	0.157	14.7		0.157

Fair Value Measurements - Table

Fair Value Measurements - Tables of Financial Instruments Measured At Fair Value on Recurring Basis (Details) - Fair value, recurring basis - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 591,337	$ 684,566
Total liabilities at fair value	9,086	15,399
U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	24,874	73,044
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	135,045	201,809
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	364,938	351,242
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		79
Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1,962	1,843
Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	24,495	18,854
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	24,874	73,044
Level 1 \| U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	24,874	73,044
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	566,077	611,235
Total liabilities at fair value	9,076	15,284
Level 2 \| Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	135,045	201,809
Level 2 \| Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	364,938	351,242
Level 2 \| Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		79
Level 2 \| Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1,962	1,843
Level 2 \| Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	24,495	18,854
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	386	287
Total liabilities at fair value	10	115
Interest rate swap \| Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	39,637	37,408
Total liabilities at fair value	9,076	15,284
Interest rate swap \| Level 2 \| Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	39,637	37,408
Total liabilities at fair value	9,076	15,284
Mortgage banking derivatives \| Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	386	287
Total liabilities at fair value	10	115
Mortgage banking derivatives \| Level 3 \| Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	386	287
Total liabilities at fair value	$ 10	$ 115

Fair Value Measurements - Tab_2

Fair Value Measurements - Table of Changes in Level 3 Financial Instruments (Details) - Derivative Financial Instruments Assets and Liabilities $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 172
Gain included in earnings, net	$ 177
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense
Fee income (cost) included in earnings, net	$ 27
Ending Balance	$ 376

Fair Value Measurements - Input

Fair Value Measurements - Inputs Used to Determine Fair Values of Oreo are Considered Level 3 Inputs in Fair Value Hierarchy (Details) - Fair value, non-recurring basis - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 66,592	$ 65,186
Losses from fair value changes	10,397	2,248
Individually evaluated loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	64,797	45,245
Losses from fair value changes	9,439	1,575
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		4,088
Losses from fair value changes		249
Premise and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	1,795	13,413
Losses from fair value changes	$ 958	349
Small Business Administration ("SBA") servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		2,440
Losses from fair value changes		$ 75

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS:
Cash and cash equivalents	$ 127,848	$ 190,826
Investment securities available-for-sale (at fair value)	527,547	628,829
Investment securities held-to-maturity, fair value	451,386	504,328
Held-to-maturity securities	533,108	585,052
Loans receivable	7,656,688	7,600,811
Loans held for sale	24,495	18,854
LIABILITIES
Time deposits	1,020,036	981,970
Securities sold under agreements to repurchase	18,895	19,627
Long-term debt	54,511	54,200
Federal Home Loan bank advances	50,000	340,000
Carrying amount \| Level 1
ASSETS:
Cash and cash equivalents	127,848	190,826
Carrying amount \| Level 2
ASSETS:
FHLB and FRB stock	27,984	40,890
Loans held for sale	24,495	18,854
Accrued interest receivable	43,469	44,944
LIABILITIES
Deposit transaction accounts	7,217,857	7,208,421
Time deposits	1,020,036	981,970
Securities sold under agreements to repurchase	18,895	19,627
Long-term debt	55,000	55,000
Federal Home Loan bank advances	50,000	340,000
Accrued interest payable	15,146	12,239
Carrying amount \| Level 3
ASSETS:
Loans receivable	7,751,143	7,698,758
Estimated fair value \| Level 1
ASSETS:
Cash and cash equivalents	127,848	190,826
Estimated fair value \| Level 2
ASSETS:
FHLB and FRB stock	27,984	40,890
Loans held for sale	24,495	18,854
Accrued interest receivable	43,469	44,944
LIABILITIES
Deposit transaction accounts	7,217,857	7,208,421
Time deposits	1,021,763	972,793
Securities sold under agreements to repurchase	18,895	19,627
Long-term debt	49,168	43,760
Federal Home Loan bank advances	50,000	340,000
Accrued interest payable	15,146	12,239
Estimated fair value \| Level 3
ASSETS:
Loans receivable	7,535,875	7,411,687
U.S. Treasury securities
ASSETS:
Investment securities available-for-sale (at fair value)	24,874	73,044
Investment securities held-to-maturity, fair value	49,159	48,334
Held-to-maturity securities	49,639	49,338
U.S. Treasury securities \| Carrying amount \| Level 1
ASSETS:
Investment securities available-for-sale (at fair value)	24,874	73,044
Investment securities held-to-maturity, fair value	49,639	49,338
U.S. Treasury securities \| Estimated fair value \| Level 1
ASSETS:
Investment securities available-for-sale (at fair value)	24,874	73,044
Investment securities held-to-maturity, fair value	49,159	48,334
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises
ASSETS:
Investment securities available-for-sale (at fair value)	135,045	201,809
Investment securities held-to-maturity, fair value	234,286	265,011
Held-to-maturity securities	271,105	299,337
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises \| Carrying amount \| Level 2
ASSETS:
Investment securities available-for-sale (at fair value)	135,045	201,809
Investment securities held-to-maturity, fair value	271,105	299,337
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises \| Estimated fair value \| Level 2
ASSETS:
Investment securities available-for-sale (at fair value)	135,045	201,809
Investment securities held-to-maturity, fair value	234,286	265,011
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises
ASSETS:
Investment securities available-for-sale (at fair value)	364,938	351,242
Investment securities held-to-maturity, fair value	167,941	190,983
Held-to-maturity securities	212,364	236,377
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises \| Carrying amount \| Level 2
ASSETS:
Investment securities available-for-sale (at fair value)	364,938	351,242
Investment securities held-to-maturity, fair value	212,364	236,377
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises \| Estimated fair value \| Level 2
ASSETS:
Investment securities available-for-sale (at fair value)	364,938	351,242
Investment securities held-to-maturity, fair value	167,941	190,983
Municipal securities
ASSETS:
Investment securities available-for-sale (at fair value)		79
Municipal securities \| Carrying amount \| Level 2
ASSETS:
Municipal obligations		79
Municipal securities \| Estimated fair value \| Level 2
ASSETS:
Municipal obligations		79
Corporate debt
ASSETS:
Investment securities available-for-sale (at fair value)	1,962	1,843
Corporate debt \| Carrying amount \| Level 2
ASSETS:
Investment securities available-for-sale (at fair value)	1,962	1,843
Corporate debt \| Estimated fair value \| Level 2
ASSETS:
Investment securities available-for-sale (at fair value)	1,962	1,843
Other securities
ASSETS:
Investment securities available-for-sale (at fair value)	728	812
Other securities \| Carrying amount \| Level 3
ASSETS:
Investment securities available-for-sale (at fair value)	728	812
Other securities \| Estimated fair value \| Level 3
ASSETS:
Investment securities available-for-sale (at fair value)	728	812
Interest rate swap \| Carrying amount \| Level 2
ASSETS:
Derivative asset	$ 39,637	$ 37,408
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
LIABILITIES
Derivative liability	$ 9,076	$ 15,284
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.	Other Liabilities.
Interest rate swap \| Estimated fair value \| Level 2
ASSETS:
Derivative asset	$ 39,637	$ 37,408
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
LIABILITIES
Derivative liability	$ 9,076	$ 15,284
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.	Other Liabilities.
Mortgage banking derivatives \| Carrying amount \| Level 3
ASSETS:
Derivative asset	$ 386	$ 287
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
LIABILITIES
Derivative liability	$ 10	$ 115
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.	Other Liabilities.
Mortgage banking derivatives \| Estimated fair value \| Level 3
ASSETS:
Derivative asset	$ 386	$ 287
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
LIABILITIES
Derivative liability	$ 10	$ 115
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities.	Other Liabilities.

Business Segments (Details)

Business Segments (Details)	12 Months Ended
Business Segments (Details)	Dec. 31, 2024 segment
Business Segments
Number of reportable segments	1

Business Segments - Revenue and

Business Segments - Revenue and expenses for the operating segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Segments
Total interest and dividend income	$ 538,268	$ 495,415	$ 284,688
Total interest expense	192,880	133,464	17,853
Net interest income before provision for credit losses	345,388	361,951	266,835
Provision for credit loss expense	6,755	8,295	36,729
Net interest income after provision for credit losses	338,633	353,656	230,106
Non-interest income	61,231	63,917	67,312
Non-interest expense:
Salaries and benefits	146,243	137,701	124,971
Occupancy and equipment	39,951	37,552	31,496
Data processing	17,481	13,110	12,657
Marketing and business development	3,989	4,002	3,821
FDIC deposit insurance	5,390	7,008	2,121
Bank card expenses	5,185	5,769	5,480
Professional Fees	7,062	10,464	14,418
Other non-interest expense	21,377	18,979	13,932
Other intangible assets amortization	7,939	7,386	2,338
Total non-interest expense	254,617	241,971	211,234
Income before income taxes	145,247	175,602	86,184
Income tax expense	26,432	33,554	14,910
Net income	$ 118,815	$ 142,048	$ 71,274

Parent Company Only Financial_3

Parent Company Only Financial Statements - Condensed Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 127,848	$ 190,826
Non-marketable securities	76,462	90,477
Other assets	299,635	297,326
Total assets	9,807,693	9,951,064
LIABILITIES AND SHAREHOLDERS' EQUITY
Long-term debt, net	54,511	54,200
Other liabilities	141,319	134,039
Total liabilities	8,502,618	8,738,257
Stockholders' equity	1,305,075	1,212,807	$ 1,092,202	$ 840,106
Total liabilities and shareholders' equity	9,807,693	9,951,064
Consolidated \| Reportable Legal Entities
ASSETS
Cash and cash equivalents	105,278	77,853
Non-marketable securities	29,830	33,144
Investment in subsidiaries	1,203,495	1,139,290
Other assets	31,007	30,528
Total assets	1,369,610	1,280,815
LIABILITIES AND SHAREHOLDERS' EQUITY
Long-term debt, net	54,511	54,200
Other liabilities	10,024	13,808
Total liabilities	64,535	68,008
Stockholders' equity	1,305,075	1,212,807
Total liabilities and shareholders' equity	$ 1,369,610	$ 1,280,815

Parent Company Only Financial_4

Parent Company Only Financial Statements - Condensed Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loss from non-marketable securities	$ 1,832	$ 3,253	$ 1,034
Expenses
Interest expense	192,880	133,464	17,853
Salaries and benefits	146,243	137,701	124,971
Income before income taxes	145,247	175,602	86,184
Income tax benefit	26,432	33,554	14,910
Net income	118,815	142,048	71,274
Consolidated \| Reportable Legal Entities
Equity in undistributed earnings of subsidiaries	55,848	92,990	30,260
Distributions from subsidiaries	75,000	62,000	52,000
Loss from non-marketable securities	(3,088)	(4,431)	(262)
Total income	127,760	150,559	81,998
Expenses
Interest expense	2,073	2,073	1,519
Salaries and benefits	8,126	7,318	6,138
Other expenses	3,021	3,382	6,433
Total expenses	13,220	12,773	14,090
Income before income taxes	114,540	137,786	67,908
Income tax benefit	(4,275)	(4,262)	(3,366)
Net income	$ 118,815	$ 142,048	$ 71,274

Parent Company Only Financial_5

Parent Company Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net Income (Loss)	$ 118,815	$ 142,048	$ 71,274
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	8,048	7,222	6,059
Net cash provided by operating activities	155,271	166,935	214,634
Cash flows from investing activities:
Sales (purchases) of non-marketable securities, net	(44,900)	(106,200)
Net cash provided by (used in) investing activities	64,659	(404,031)	(752,137)
Cash flows from financing activities:
Issuance of stock under purchase and equity compensation plans	(1,515)	(1,534)	(1,481)
Proceeds from exercise of stock options	3,555	617	1,102
Payment of dividends	(42,945)	(39,643)	(30,447)
Net cash (used in) provided by financing activities	(284,408)	230,903	(114,198)
Decrease in cash, cash equivalents and restricted cash(1)	(64,478)	(6,193)	(651,701)
Cash, cash equivalents and restricted cash at beginning of the year(1)	192,326	198,519	850,220
Cash, cash equivalents and restricted cash at end of period(1)	127,848	192,326	198,519
Consolidated \| Reportable Legal Entities
Cash flows from operating activities:
Net Income (Loss)	118,815	142,048	71,274
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(55,848)	(92,990)	(30,260)
Stock-based compensation expense	8,048	7,222	6,059
Amortization	311	310	158
Other	(2,599)	15,833	(221)
Net cash provided by operating activities	68,727	72,423	47,010
Cash flows from investing activities:
Cash paid for acquisitions			(67,128)
Investment in subsidiary	(2,000)
Sales (purchases) of non-marketable securities, net	103	(1,773)	(11,471)
Net cash provided by (used in) investing activities	(1,897)	(1,773)	(78,599)
Cash flows from financing activities:
Issuance of stock under purchase and equity compensation plans	(1,515)	(1,534)	(1,481)
Proceeds from exercise of stock options	3,555	617	1,102
Payment of dividends	(42,945)	(39,644)	(30,447)
Net cash (used in) provided by financing activities	(40,905)	(40,561)	(30,826)
Decrease in cash, cash equivalents and restricted cash(1)	25,925	30,089	(62,415)
Cash, cash equivalents and restricted cash at beginning of the year(1)	79,353	49,264	111,679
Cash, cash equivalents and restricted cash at end of period(1)	$ 105,278	$ 79,353	$ 49,264

Acquisition Activities (Details

Acquisition Activities (Details) $ in Thousands					12 Months Ended
Acquisition Activities (Details) $ in Thousands	Apr. 03, 2023 USD ($)	Oct. 01, 2022 USD ($) item shares	Sep. 30, 2022 item	Sep. 01, 2022 USD ($) shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Acquisition Activities
Amortization period for intangible assets					9 years 9 months 18 days
Provision for credit loss expense					$ 6,755	$ 8,295	$ 36,729
Cambr
Acquisition Activities
Transaction value	$ 46,524
Acquisition related expenses						$ 1,000
Amount of goodwill - Deductible for tax purposes	27,800
Cambr \| Core deposit intangible
Acquisition Activities
Acquired through acquisition	1,700,000
Cambr \| Other intangible assets
Acquisition Activities
Acquired through acquisition	$ 18,000
Amortization period for intangible assets	9 years 4 months 24 days
Rock Canyon Bank
Acquisition Activities
Transaction value				$ 140,413
Acquisition related expenses							12,300
Shares issued \| shares				3,096,745
Number of banking centers added \| item			7
Provision for credit loss expense							5,400
Rock Canyon Bank \| Core deposit intangible
Acquisition Activities
Acquired through acquisition				$ 13,300
Bank of Jackson Hole
Acquisition Activities
Transaction value		$ 213,448
Acquisition related expenses							24,500
Shares issued \| shares		4,391,964
Number of banking centers added \| item		12
Provision for credit loss expense							$ 16,300
Bank of Jackson Hole \| Core deposit intangible
Acquisition Activities
Acquired through acquisition		$ 29,400

Acquisition Activities - Net As

Acquisition Activities - Net Asset Acquired and Consideration Transferred (Details) - USD ($) $ in Thousands	Apr. 03, 2023	Dec. 31, 2024	Dec. 31, 2023
Consideration:
Goodwill		$ 306,043	$ 306,043
Cambr
Assets:
Cash and due from banks	$ 1,224
Other intangibles	18,000
Other assets	6,729
Total assets acquired	25,953
Liabilities:
Other liabilities	6,340
Total liabilities assumed	6,340
Identifiable net assets acquired	19,613
Consideration:
Cash	46,524
Total	46,524
Goodwill	$ 26,911

Acquisition Activities - Summar

Acquisition Activities - Summary of Net Assets Acquired (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 01, 2022	Sep. 01, 2022	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2022	Aug. 31, 2022
Consideration:
Goodwill			$ 306,043	$ 306,043
Bank of Jackson Hole
Assets:
Cash and due from banks	$ 40,509
Investment securities available-for-sale	203,728
Non-marketable securities	3,104
Loans	1,185,699
Loans held for sale	504
Premises and equipment	30,318
Other intangibles	30,696
Other assets	31,970
Total assets acquired	1,526,528
Liabilities:
Total deposits	1,375,593
Long-term debt	39,229
Fed funds purchased	25
Other liabilities	9,483
Total liabilities assumed	1,424,330
Identifiable net assets acquired	102,198
Consideration:
NBHC common stock paid, closing price	162,459
Cash consideration	50,989
Business Combination, Consideration Transferred, Total	213,448
Goodwill	$ 111,250
Closing price					$ 36.99
Rock Canyon Bank
Assets:
Cash and due from banks		$ 260,883
Investment securities available-for-sale		402
Non-marketable securities		977
Loans		535,197
Loans held for sale		3,069
Premises and equipment		3,413
Other intangibles		16,463
Other assets		11,749
Total assets acquired		832,153
Liabilities:
Total deposits		734,480
Other liabilities		10,115
Total liabilities assumed		744,595
Identifiable net assets acquired		87,558
Consideration:
NBHC common stock paid, closing price		124,272
Cash consideration		16,141
Business Combination, Consideration Transferred, Total		140,413
Goodwill		$ 52,855
Closing price						$ 40.13

Acquisition Activities - Accoun

Acquisition Activities - Accounting for acquired loans (Details) - USD ($) $ in Thousands			12 Months Ended
	Oct. 01, 2022	Sep. 01, 2022	Dec. 31, 2024	Dec. 31, 2023
Acquisition Activities
Charge-offs			$ 10,778	$ 1,575
Rock Canyon Bank
Acquisition Activities
Loans acquired accounted as PCD		$ 13,145
Charge-offs		2,100
Loans previously charged-off		2,054
Rock Canyon Bank \| Receivables Acquired with Deteriorated Credit Quality
Acquisition Activities
Loans, net		537,700
Loans acquired accounted as PCD		$ 11,100
Loans acquired accounted as PCD percentage		2.10%
Gross contractual amounts receivable		$ 13,800
Loans not expected to be collected		$ 4,500
Bank of Jackson Hole
Acquisition Activities
Loans acquired accounted as PCD	$ 13,902
Bank of Jackson Hole \| Receivables Acquired with Deteriorated Credit Quality
Acquisition Activities
Loans, net	1,200
Loans acquired accounted as PCD	$ 13,900
Loans acquired accounted as PCD percentage	1.10%
Gross contractual amounts receivable	$ 14,000
Charge-offs	500
Loans not expected to be collected	$ 3,800

Acquisition Activities - Summ_2

Acquisition Activities - Summary of PCD loans purchased (Details) - USD ($) $ in Thousands	Oct. 01, 2022	Sep. 01, 2022
Bank of Jackson Hole
Business Acquisition [Line Items]
Unpaid principal balance	$ 13,902
PCD allowance for credit loss at acquisition	(3,764)
(Discount) premium on acquired loans	(578)
Purchase price of PCD loans	9,560
Bank of Jackson Hole \| Commercial
Business Acquisition [Line Items]
Unpaid principal balance	5,061
PCD allowance for credit loss at acquisition	(151)
(Discount) premium on acquired loans	(336)
Purchase price of PCD loans	4,574
Bank of Jackson Hole \| Commercial real estate non-owner occupied
Business Acquisition [Line Items]
Unpaid principal balance	8,353
PCD allowance for credit loss at acquisition	(3,557)
(Discount) premium on acquired loans	(226)
Purchase price of PCD loans	4,570
Bank of Jackson Hole \| Residential
Business Acquisition [Line Items]
Unpaid principal balance	476
PCD allowance for credit loss at acquisition	(55)
(Discount) premium on acquired loans	(16)
Purchase price of PCD loans	405
Bank of Jackson Hole \| Consumer
Business Acquisition [Line Items]
Unpaid principal balance	12
PCD allowance for credit loss at acquisition	(1)
Purchase price of PCD loans	$ 11
Rock Canyon Bank
Business Acquisition [Line Items]
Unpaid principal balance		$ 13,145
PCD allowance for credit loss at acquisition		(2,474)
(Discount) premium on acquired loans		(773)
Loans previously charged-off by RCB		(2,054)
Purchase price of PCD loans		7,844
Rock Canyon Bank \| Commercial
Business Acquisition [Line Items]
Unpaid principal balance		12,079
PCD allowance for credit loss at acquisition		(2,257)
(Discount) premium on acquired loans		(787)
Loans previously charged-off by RCB		(2,051)
Purchase price of PCD loans		6,984
Rock Canyon Bank \| Commercial real estate non-owner occupied
Business Acquisition [Line Items]
Unpaid principal balance		220
PCD allowance for credit loss at acquisition		(2)
(Discount) premium on acquired loans		19
Purchase price of PCD loans		237
Rock Canyon Bank \| Residential
Business Acquisition [Line Items]
Unpaid principal balance		843
PCD allowance for credit loss at acquisition		(215)
(Discount) premium on acquired loans		(5)
Purchase price of PCD loans		623
Rock Canyon Bank \| Consumer
Business Acquisition [Line Items]
Unpaid principal balance		3
Loans previously charged-off by RCB		$ (3)

Acquisition Activities - Intang

Acquisition Activities - Intangible Assets (Details) - USD ($) $ in Millions				12 Months Ended
	Apr. 03, 2023	Oct. 01, 2022	Sep. 01, 2022	Dec. 31, 2024
Acquisition Activities
Amortization period for intangible assets				9 years 9 months 18 days
Core deposit intangible
Acquisition Activities
Amortization period				10 years
Acquired technology intangible
Acquisition Activities
Amortization period				5 years
Cambr \| Core deposit intangible
Acquisition Activities
Acquired through acquisition	$ 1,700
Cambr \| Other intangible assets
Acquisition Activities
Acquired through acquisition	$ 18
Amortization period for intangible assets	9 years 4 months 24 days
Rock Canyon Bank \| Core deposit intangible
Acquisition Activities
Acquired through acquisition			$ 13.3
Amortization period			10 years
Rock Canyon Bank \| Small Business Administration ("SBA") servicing rights
Acquisition Activities
Acquired through acquisition			$ 3.1
Bank of Jackson Hole
Acquisition Activities
Amount transferred from available-for-sale securities to held-to-maturity		$ 75.3
Amortization period		10 years
Bank of Jackson Hole \| Core deposit intangible
Acquisition Activities
Acquired through acquisition		$ 29.4
Bank of Jackson Hole \| Wealth management intangibles
Acquisition Activities
Acquired through acquisition		$ 1.3