Loans by Type (Tables)

3 Months Ended

Mar. 31, 2025

A summary of loans is as follows:


(In thousands)	March 31, 2025		December 31, 2024
Commercial and industrial	$	612,355	$	559,262
Real estate:
Commercial:
Mortgage	116,880		119,194
Construction	9,125		9,134
Faith-based:
Mortgage	383,641		368,881
Construction	19,873		25,518
Other	—		—
Total loans	$	1,141,874	$	1,081,989

Schedule of Debt

The following table presents the aging of loans past due by category at March 31, 2025 and December 31, 2024:


	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
March 31, 2025
Commercial and industrial	$	612,355	$	—	$	—	$	—	$	—	$	612,355
Real estate
Commercial:
Mortgage	116,880		—		—		—		—		116,880
Construction	9,125		—		—		—		—		9,125
Faith-based:
Mortgage	383,641		—		—		—		—		383,641
Construction	19,873		—		—		—		—		19,873

Other	—		—		—		—		—		—
Total	$	1,141,874	$	—	$	—	$	—	$	—	$	1,141,874
December 31, 2024
Commercial and industrial	$	559,262	$	—	$	—	$	—	$	—	$	559,262
Real estate
Commercial:
Mortgage	119,194		—		—		—		—		119,194
Construction	9,134		—		—		—		—		9,134
Faith-based:
Mortgage	368,881		—		—		—		—		368,881
Construction	25,518		—		—		—		—		25,518

Other	—		—		—		—		—		—
Total	$	1,081,989	$	—	$	—	$	—	$	—	$	1,081,989

Schedule of Credit Exposure of the Loan Portfolio

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of March 31, 2025 and December 31, 2024:


(In thousands)	Loans Subject to Normal Monitoring1		Performing Loans Subject to Special Monitoring2		Nonperforming Loans Subject to Special Monitoring2		Total Loans
March 31, 2025
Commercial and industrial	$	581,183	$	31,172	$	—	$	612,355
Real estate
Commercial:
Mortgage	113,765		3,115		—		116,880
Construction	9,125		—		—		9,125
Faith-based:
Mortgage	369,070		14,571		—		383,641
Construction	19,873		—		—		19,873

Other	—		—		—		—
Total	$	1,093,016	$	48,858	$	—	$	1,141,874
December 31, 2024
Commercial and industrial	$	527,690	$	31,572	$	—	$	559,262
Real estate
Commercial:
Mortgage	116,063		3,131		—		119,194
Construction	9,134		—		—		9,134
Faith-based:
Mortgage	352,356		16,525		—		368,881
Construction	25,518		—		—		25,518

Other	—		—		—		—
Total	$	1,030,761	$	51,228	$	—	$	1,081,989


1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Financing Receivable, Troubled Debt Restructuring

The following table shows the amortized cost of loans that were both experiencing financial difficulty and modified during the three months ended March 31, 2025, segregated by category and type of modification.


(In thousands)	Payment Delay		Term Extension		Interest Rate Reduction		Combination Term Extension and Interest Rate Reduction		Percentage of Total Loans Held for Investment












Commercial and industrial	$	—	$	29,191	$	—	$	—	4.77	%








Total	$	—	$	29,191	$	—	$	—	2.56	%

The following table shows the payment status of loans that have been modified to borrowers experiencing financial difficulty in the last twelve months:


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

Commercial and industrial	$	29,191	$	—	$	—	$	—	$	—








Total	$	29,191	$	—	$	—	$	—	$	—

Summary of ACL by Category

A summary of the activity in the allowance for credit losses (“ACL”) by category for the three months ended March 31, 2025 and year-ended December 31, 2024 is as follows:


(In thousands)	C&I		CRE		Faith-based CRE		Construction		Total
Balance at January 1, 2024	$	5,412	$	1,093	$	6,476	$	108	$	13,089
Provision for (release of) credit losses	485		(70)		(218)		109		306

Balance at December 31, 2024	$	5,897	$	1,023	$	6,258	$	217	$	13,395

Provision for (release of) credit losses (1)	760		(34)		194		(29)		891

Balance at March 31, 2025	$	6,657	$	989	$	6,452	$	188	$	14,286


(1)			For the three months ended March 31, 2025, there was a provision for credit losses of $14,000 for unfunded commitments.

CASS INFORMATION SYSTEMS INC 10-Q