ADDED
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 34 ITEM 7A.
References herein to the fiscal years 2023, 2024 and 2025 mean our fiscal years ended December 31, 2023, 2024 and 2025, respectively.
As of December 31, 2025, we had total assets of approximately $17.73 billion, total loans of approximately $13.70 billion, total deposits of approximately $14.22 billion, and total stockholders equity of approximately $1.85 billion.
The financial results of each of these entities is consolidated into the Company s financial results.
Markets and Competition We operate primarily from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee and Virginia.
As of December 31, 2025, we operated through 33 banking offices and one loan production office.
Our retail and commercial divisions operate in highly competitive markets.
5 In our markets, our five largest competitors are Regions Financial Corporation, Wells Fargo Company, PNC Financial Services Group, Inc., Truist Financial Corporation, and Pinnacle Financial Partners, Inc.
At year-end 2025, owner-occupied commercial real estate totaled approximately $2.74 billion, representing 20.0% of our total loan portfolio.
Substandard loans in this segment totaled $21.1 million, and we recorded approximately $4.0 million in net charge-offs during 2025.
REMOVED
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS 40 ITEM 7A.
References herein to the fiscal years 2022, 2023 and 2024 mean our fiscal years ended December 31, 2022, 2023 and 2024, respectively.
As of December 31, 2024, we had total assets of approximately $17.35 billion, total loans of approximately $12.61 billion, total deposits of approximately $13.54 billion, and total stockholders equity of approximately $1.62 billion.
Business Strategy We are a full service commercial bank focused on providing competitive products, state of the art technology and quality service.
Our business philosophy is to operate as a metropolitan community bank emphasizing prompt, personalized customer service to the individuals and businesses located in our primary markets.
We aggressively market to our target customers, which include privately held businesses generally with $2 million to $250 million in annual sales, professionals and affluent consumers whom we believe are underserved by the larger regional banks operating in our markets.
We also seek to capitalize on the extensive relationships that our management, directors, advisory directors and stockholders have with the businesses and professionals in our markets.
We deliver a broad array of core banking products to our customers.
While many large regional competitors and national banks have chosen to develop non-traditional business lines to supplement their net interest income, we believe our focus on traditional commercial banking products driven by a high margin delivery system is a superior method to deliver returns to our stockholders.
We emphasize an internal culture of keeping our operating costs as low as practical, which we believe leads to greater operational efficiency.