Loans Receivable and Allowance for Loan Losses

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Loans Receivable and Allowance for Loan Losses

Loans Receivable and Allowance for Credit Losses

Loans receivable as of December 31, 2023 and 2022 are summarized as follows (in thousands):

	2023		2022
Mortgage loans:
Commercial	$	4,512,411	4,316,185
Multi-family	1,812,500		1,513,818
Construction	653,246		715,494
Residential	1,164,956		1,177,698
Total mortgage loans	8,143,113		7,723,195
Commercial loans	2,442,406		2,233,670
Consumer loans	299,164		304,780
Total gross loans	10,884,683		10,261,645
Premiums on purchased loans	1,474		1,380
Net deferred fees	(12,456)		(14,142)
Total loans	$	10,873,701	10,248,883

Accrued interest on loans totaled $50.9 million and $43.8 million as of December 31, 2023 and December 31, 2022, respectively, and is presented within total accrued interest receivable on the consolidated statements of financial condition.

The Bank does not, as a general practice, make loans to its directors, or to their immediate family members and related interests. As of December 31, 2023, As of December 31, 2023, the Bank had aggregate loans and loan commitments totaling $3.6 million to its executive officers or their related entities. These loans and loan commitments were made on substantially the same terms, including interest rates and collateral, as those prevailing for comparable transactions with the general public and do not involve more than the normal risk of repayment or present other unfavorable features. It is the policy of the Bank that no loan or extension of credit of any type shall be made to any member of the board of directors or their immediate family, or to any entity which is controlled by a member of the board of directors or their immediate family and none existed as of December 31, 2023.

Premiums and discounts on purchased loans are amortized or accreted over the lives of the loans as an adjustment to yield. Required reductions due to loan prepayments are charged against or credited to interest income, as appropriate. For the years ended December 31, 2023, 2022 and 2021, as a result of prepayments and normal amortization, interest income decreased $206,000, $270,000 and $604,000, respectively.

The following tables summarize the aging of loans receivable by portfolio segment and class of loans (in thousands):

	As of December 31, 2023
	30-59  Days		60-89  Days	90 days or more past due and accruing	Non-accrual	Total  Past Due	Current	Total Loans Receivable	Non-accrual loans with no related allowance
Mortgage loans:
Commercial	$	825	—	—	5,151	5,976	4,506,435	4,512,411	5,151
Multi-family	3,815		1,635	—	744	6,194	1,806,306	1,812,500	744
Construction	—		—	—	771	771	652,475	653,246	771
Residential	3,429		1,208	—	853	5,490	1,159,466	1,164,956	853
Total mortgage loans	8,069		2,843	—	7,519	18,431	8,124,682	8,143,113	7,519
Commercial loans	998		198	—	41,487	42,683	2,399,723	2,442,406	36,281
Consumer loans	875		275	—	633	1,783	297,381	299,164	633
Total gross loans	$	9,942	3,316	—	49,639	62,897	10,821,786	10,884,683	44,433

	As of December 31, 2022
	30-59  Days		60-89  Days	90 days or more past due and accruing	Non-accrual	Total Past Due	Current	Total Loans Receivable	Non-accrual loans with no related allowance
Mortgage loans:
Commercial	$	2,300	412	—	28,212	30,924	4,285,261	4,316,185	22,961
Multi-family	790		—	—	1,565	2,355	1,511,463	1,513,818	1,565
Construction	905		1097	—	1,878	3,880	711,614	715,494	1,878
Residential	1,411		1,114	—	1,928	4,453	1,173,245	1,177,698	1,928
Total mortgage loans	5,406		2,623	—	33,583	41,612	7,681,583	7,723,195	28,332
Commercial loans	964		1,014	—	24,188	26,166	2,207,504	2,233,670	21,156
Consumer loans	885		147	—	738	1,770	303,010	304,780	739
Total gross loans	$	7,255	3,784	—	58,509	69,548	10,192,097	10,261,645	50,227

Included in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. Generally, accrued interest is written off by reversing interest income during the quarter the loan is moved from an accrual to a non-accrual status. The principal amount of non-accrual loans was $49.6 million and $58.5 million as of December 31, 2023 and 2022, respectively. There were no loans 90-days or greater past due and still accruing interest as of December 31, 2023 and 2022.

If the non-accrual loans had performed in accordance with their original terms, interest income would have increased by $1.6 million, $1.0 million and $1.2 million, for the years ended December 31, 2023, 2022 and 2021, respectively.

The activity in the allowance for credit losses for the years ended December 31, 2023, 2022 and 2021 is as follows (in thousands):

	Years Ended December 31,
	2023		2022	2021
Balance at beginning of period	$	88,023	80,740	101,466
Cumulative effect of adopting ASU 2022-02	(594)		—	—
Provision charge (benefit) for credit losses on loans	27,900		8,400	(24,300)
Recoveries of loans previously charged off	2,292		5,431	9,030
Loans charged off	(10,421)		(6,548)	(5,456)
Balance at end of period	$	107,200	88,023	80,740

The activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2023 and 2022 are as follows (in thousands):

	For the Year Ended December 31, 2023
	Mortgage loans		Commercial loans	Consumer loans	Total Portfolio Segments
Balance at beginning of period	$	58,218	27,413	2,392	88,023
Cumulative effect of adopting ASU 2022-02	(510)		(43)	(41)	(594)
Provision charge (benefit) for credit losses on loans	16,877		11,159	(136)	27,900
Recoveries of loans previously charged off	546		1,309	437	2,292
Loans charged off	(1,724)		(8,363)	(334)	(10,421)
Balance at end of period	$	73,407	31,475	2,318	107,200

	For the Year Ended December 31, 2022
	Mortgage loans		Commercial loans	Consumer loans	Total Portfolio Segments
Balance at beginning of period	$	52,104	26,343	2,293	80,740
Provision charge (benefit) for credit losses on loans	11,087		(2,489)	(198)	8,400
Recoveries of loans previously charged off	585		4,192	654	5,431
Loans charged off	(5,558)		(633)	(357)	(6,548)
Balance at end of period	$	58,218	27,413	2,392	88,023

For the year ended December 31, 2023, the Company recorded an $27.9 million provision for credit losses on loans, compared with a provision for credit losses of $8.4 million for the year ended December 31, 2022. The increase in the year-over-year provision for credit losses was primarily attributable to a worsened economic forecast and related deterioration in the projected commercial property price indices used in our CECL model.

The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2023 by year of origination (in thousands):

	2023		2022	2021	2020	2019	Prior to 2019	Total Loans
Mortgage loans:
Commercial	$	—	—	—	—	—	1,700	1,700
Residential	—		—	—	—	—	24	24
Total mortgage loans	$	—	—	—	—	—	1,724	1,724
Commercial loans	—		—	—	5,000	—	3,363	8,363
Consumer loans (1)	24		—	—	—	—	13	37
Total gross loans	$	24	—	—	5,000	—	5,100	10,124

(1) During the year ended December 31, 2023, charge-offs on consumer overdraft accounts totaled $297,000, which are not included in the table above.

The Company defines an impaired loan as a non-accrual, non-homogeneous loan greater than $1.0 million, or which, based on current information, it is not expected to collect all amounts due under the contractual terms of the loan agreement. As of December 31, 2023, there were 17 impaired loans totaling $42.3 million that were individually evaluated for impairment.

A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the collateral’s fair value less any selling costs. A specific allocation of the allowance for credit losses is established for each collateral-dependent loan with a carrying balance greater than the collateral’s fair value, less estimated selling costs. In most cases, the Company records a partial charge-off to reduce

the loan’s carrying value to the collateral’s fair value less estimated selling costs. The Company uses third-party appraisals to determine the fair value of the underlying collateral in its analysis of collateral-dependent loans. A third-party appraisal is generally ordered as soon as a loan is designated as a collateral-dependent loan and updated annually, or more frequently if required. At each fiscal quarter end, if a loan is designated as collateral-dependent and the third-party appraisal has not yet been received, an evaluation of all available collateral is made using the best information available at the time, including rent rolls, borrower financial statements and tax returns, prior appraisals, management’s knowledge of the market and collateral, and internally prepared collateral valuations based upon market assumptions regarding vacancy and capitalization rates, each as and where applicable. Once the appraisal is received and reviewed, the specific reserves are adjusted to reflect the appraised value and evaluated for charge offs. The Company believes there have been no significant time lapses resulting from this process.

As of December 31, 2023, impaired loans totaled $42.3 million with related specific reserves of $2.9 million. As of December 31, 2023, the Company had collateral-dependent impaired loans with a fair value of $24.1 million secured by commercial real estate. As of December 31, 2022, the Company had collateral-dependent loans with a fair value of $21.3 million secured by commercial real estate, $1.9 million secured by business assets and $800,000 secured by residential real estate.

Loan modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearance, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. In addition, management attempts to obtain additional collateral or guarantor support when modifying such loans. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible.

The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02:

Loan Classes	Modification types
Commercial	Term extension, interest rate reductions, payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or otherwise delay payments during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term.
Residential Mortgage/ Home Equity	Forbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term, as well as term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement.
Automobile/ Direct Installment	Term extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement.

Effective January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for TDRs while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a modified retrospective basis. Upon adoption of this guidance, the Company no longer establishes a specific reserve for loan modifications to borrowers experiencing financial difficulty. Instead, these loan modifications are included in their respective pool and a projected loss rate is applied to the current loan balance to arrive at the quantitative and qualitative baseline portion of the allowance for credit losses. As a result, the Company recorded a $594,000 reduction to the allowance for credit losses, which resulted in a $433,000 cumulative effect adjustment increase, net of tax, to retained earnings.

The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):

	Year Ended December 31, 2023
	Term Extension		Interest Rate Change	Interest Rate Change and Term Extension	Total	% of Total Class of Loans and Leases
Mortgage loans:
Multi-family	$	—	—	1,508	1,508	0.08	%
Total mortgage loans	—		—	1,508	1,508	0.02
Commercial loans	3,771		—	1,250	5,021	0.21
Total gross loans	$	3,771	—	2,758	6,529	0.06	%

The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):

	Weighted Average Months of Term Extension	Weighted Average Rate Increase
Mortgage loans:
Multi-family	2	2.23	%
Total mortgage loans	2	2.23
Commercial loans	10	0.20
Total gross loans	9	0.61	%

There were no loan modifications made to borrowers experiencing financial difficulty for year ended December 31, 2023, that subsequently defaulted.

The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):

	Current		30-59 Days Past Due	60-89 Days Past Due	90 days or more Past Due	Non- Accrual	Total
Mortgage loans:
Multi-family	$	1,508	—	—	—	—	1,508
Total mortgage loans	1,508		—	—	—	—	1,508
Commercial loans	5,021		—	—	—	—	5,021
Total gross loans	$	6,529	—	—	—	—	6,529

Prior to our adoption of ASU 2022-02, we accounted for a modification to the contractual terms of a loan that resulted in granting a concession to a borrower experiencing financial difficulties as a TDR. However, our TDR accounting described herein was suspended for most of our loss mitigation activities through our election to account for certain eligible loss mitigation activities occurring between March 2020 and January 1, 2022 under the COVID-19 relief granted pursuant to the CARES Act and the Consolidated Appropriations Act of 2021. Effective January 1, 2023, we adopted ASU 2022-02, which eliminated TDR accounting prospectively for all restructurings occurring on or after January 1, 2023.

The following table presents the number of loans modified as TDRs during the year ended December 31, 2022 and their balances immediately prior to the modification date and post-modification as of December 31, 2022:

	Year Ended December 31, 2022
Troubled Debt Restructurings	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	($ in thousands)
Mortgage loans:
Multi-Family	1	$	1,618	1,566
Residential	2	265		198
Total mortgage loans	3	1,883		1,764
Commercial loans	1	209		143
Consumer loans	1	108		85
Total restructured loans	5	$	2,200	1,992

During the year ended December 31, 2022, $5.5 million of charge-offs were recorded on collateral dependent impaired loans. There was one loan totaling $143,000 which had a payment default (90 days or more past due) for a loan modified as a TDR within the 12-month period ending December 31, 2022. For TDRs that subsequently default, the Company determined the amount of the allowance for the respective loans in accordance with the accounting policy for the allowance for credit losses on loans individually evaluated for impairment.

As allowed by CECL, loans acquired by the Company that experience more-than-insignificant deterioration in credit quality after origination, are classified as PCD loans. As of December 31, 2023, the balance of PCD loans totaled $165.1 million with a related allowance for credit losses of $1.7 million. The balance of PCD loans as of December 31, 2022, was $193.0 million with a related allowance for credit losses of $1.7 million.

Management utilizes an internal nine-point risk rating system to summarize its loan portfolio into categories with similar risk characteristics. Loans deemed to be “acceptable quality” are rated 1 through 4, with a rating of 1 established for loans with minimal risk. Loans that are deemed to be of “questionable quality” are rated 5 (watch) or 6 (special mention). Loans with adverse classifications (substandard, doubtful or loss) are rated 7, 8 or 9, respectively. Commercial mortgage, commercial, multi-family and construction loans are rated individually, and each lending officer is responsible for risk rating loans in their portfolio. These risk ratings are then reviewed by the department manager and/or the Chief Lending Officer and by the Credit Department. The risk ratings are also reviewed periodically through loan review examinations which are currently performed by an independent third-party. Reports by the independent third-party are presented to the Audit Committee of the board of directors.

The Company participated in the Paycheck Protection Program (“PPP”) through the United States Department of the Treasury and Small Business Administration. PPP loans were fully guaranteed by the SBA and were eligible for forgiveness by the SBA to the extent that the proceeds were used to cover eligible payroll costs, interest costs, rent, and utility costs over a period of up to 24 weeks after the loan was made as long as certain conditions were met regarding employee retention and compensation levels. PPP loans deemed eligible for forgiveness by the SBA were repaid by the SBA to the Company. Eligibility ended for this program in May of 2021. PPP loans are included in our commercial loan portfolio. As of December 31, 2023, the Company secured 2,067 PPP loans for its customers totaling $682.0 million, which includes both the initial round and the second round of PPP. As of December 31, 2023, 2,054 PPP loans totaling $679.4 million were forgiven. The balance as of December 31, 2023 for PPP loans was $2.5 million.

The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades (in thousands):

	Gross Loans Held for Investment by Year of Origination as of December 31, 2023
	2023		2022	2021	2020	2019	Prior to 2019	Revolving Loans	Revolving loans to term loans	Total Loans
Commercial Mortgage
Special mention	$	—	10,926	3,048	28,511	10,558	24,598	4,500	—	82,141
Substandard	482		—	—	—	—	9,599	434	—	10,515
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	482		10,926	3,048	28,511	10,558	34,197	4,934	—	92,656
Pass/Watch	628,709		883,149	677,464	470,257	470,971	1,166,205	90,760	32,240	4,419,755
Total commercial mortgage	$	629,191	894,075	680,512	498,768	481,529	1,200,402	95,694	32,240	4,512,411
Multi-family
Special mention	$	—	—	—	—	—	9,500	—	—	9,500
Substandard	3,253		—	—	—	—	—	—	—	3,253
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,253		—	—	—	—	9,500	—	—	12,753
Pass/Watch	340,842		172,244	184,136	271,878	230,456	592,470	6,115	1,606	1,799,747
Total multi-family	$	344,095	172,244	184,136	271,878	230,456	601,970	6,115	1,606	1,812,500
Construction
Special mention	$	—	—	—	—	—	—	—	—	—
Substandard	—		—	—	—	—	771	—	—	771
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	771	—	—	771
Pass/Watch	41,209		342,890	185,034	68,603	1,339	13,400	—	—	652,475
Total construction	$	41,209	342,890	185,034	68,603	1,339	14,171	—	—	653,246
Residential (1)
Special mention	$	—	—	—	—	—	1,208	—	—	1,208
Substandard	—		—	—	—	—	1,285	—	—	1,285
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	2,493	—	—	2,493
Pass/Watch	96,259		141,683	200,111	195,964	89,654	438,792	—	—	1,162,463
Total residential	$	96,259	141,683	200,111	195,964	89,654	441,285	—	—	1,164,956
Total Mortgage
Special mention	$	—	10,926	3,048	28,511	10,558	35,306	4,500	—	92,849
Substandard	3,735		—	—	—	—	11,655	434	—	15,824
Doubtful	—		—	—	—	—	—	—	—	—

	Gross Loans Held for Investment by Year of Origination as of December 31, 2023
	2023		2022	2021	2020	2019	Prior to 2019	Revolving Loans	Revolving loans to term loans	Total Loans
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	3,735		10,926	3,048	28,511	10,558	46,961	4,934	—	108,673
Pass/Watch	1,107,019		1,539,966	1,246,745	1,006,702	792,420	2,210,867	96,875	33,846	8,034,440
Total Mortgage	$	1,110,754	1,550,892	1,249,793	1,035,213	802,978	2,257,828	101,809	33,846	8,143,113
Commercial
Special mention	$	450	17,008	9,338	2,409	152	22,752	23,333	687	76,129
Substandard	686		—	20,262	9,235	2,034	11,313	10,736	508	54,774
Doubtful	7,011		—	—	—	—	—	—	—	7,011
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	8,147		17,008	29,600	11,644	2,186	34,065	34,069	1,195	137,914
Pass/Watch	358,578		316,015	318,416	131,647	143,677	493,191	471,962	71,006	2,304,492
Total commercial	$	366,725	333,023	348,016	143,291	145,863	527,256	506,031	72,201	2,442,406
Consumer (1)
Special mention	$	—	—	—	—	—	97	178	—	275
Substandard	—		—	—	—	9	146	389	90	634
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	9	243	567	90	909
Pass/Watch	29,083		26,098	18,101	3,459	14,375	85,383	108,431	13,325	298,255
Total consumer	$	29,083	26,098	18,101	3,459	14,384	85,626	108,998	13,415	299,164
Total Loans
Special mention	$	450	27,934	12,386	30,920	10,710	58,155	28,011	687	169,253
Substandard	4,421		—	20,262	9,235	2,043	23,114	11,559	598	71,232
Doubtful	7,011		—	—	—	—	—	—	—	7,011
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	11,882		27,934	32,648	40,155	12,753	81,269	39,570	1,285	247,496
Pass/Watch	1,494,680		1,882,079	1,583,262	1,141,808	950,472	2,789,441	677,268	118,177	10,637,187
Total gross loans	$	1,506,562	1,910,013	1,615,910	1,181,963	963,225	2,870,710	716,838	119,462	10,884,683
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

	Gross Loans Held for Investment by Year of Origination as of December 31, 2022
	2022		2021	2020	2019	2018	Prior to 2018	Revolving Loans	Revolving loans to term loans	Total Loans
Commercial Mortgage
Special mention	$	—	—	3,071	26,809	52,509	14,740	—	—	97,129
Substandard	—		—	—	—	18,020	11,774	434	—	30,228
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	3,071	26,809	70,529	26,514	434	—	127,357
Pass/Watch	951,367		630,584	567,448	546,474	218,620	1,164,854	94,716	14,765	4,188,828
Total commercial mortgage	$	951,367	630,584	570,519	573,283	289,149	1,191,368	95,150	14,765	4,316,185
Multi-family
Special mention	$	—	—	—	—	—	9,730	—	—	9,730
Substandard	—		—	—	—	—	2,356	—	—	2,356
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	—	12,086	—	—	12,086
Pass/Watch	142,550		150,293	282,228	234,953	187,499	502,177	887	1,145	1,501,732
Total multi-family	$	142,550	150,293	282,228	234,953	187,499	514,263	887	1,145	1,513,818
Construction
Special mention	$	—	—	—	—	19,728	905	—	—	20,633
Substandard	—		—	—	2,197	777	—	—	—	2,974
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	2,197	20,505	905	—	—	23,607
Pass/Watch	168,674		362,542	103,067	38,639	16,917	62		1,986	691,887
Total construction	$	168,674	362,542	103,067	40,836	37,422	967	—	1,986	715,494
Residential (1)
Special mention	$	—	—	—	—	—	1,114	—	—	1,114
Substandard	—		—	—	—	264	4,417	—	—	4,681
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	—	—	264	5,531	—	—	5,795
Pass/Watch	151,077		212,697	211,445	95,872	58,226	442,586		—	1,171,903
Total residential	$	151,077	212,697	211,445	95,872	58,490	448,117	—	—	1,177,698

	Gross Loans Held for Investment by Year of Origination as of December 31, 2022
	2022		2021	2020	2019	2018	Prior to 2018	Revolving Loans	Revolving loans to term loans	Total Loans
Total Mortgage
Special mention	$	—	—	3,071	26,809	72,237	26,489	—	—	128,606
Substandard	—		—	—	2,197	19,061	18,547	434	—	40,239
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	3,071	29,006	91,298	45,036	434	—	168,845
Pass/Watch	1,413,668		1,356,116	1,164,188	915,938	481,262	2,109,679	95,603	17,896	7,554,350
Total Mortgage	$	1,413,668	1,356,116	1,167,259	944,944	572,560	2,154,715	96,037	17,896	7,723,195
Commercial
Special mention	$	75	1,148	444	201	10,156	4,379	14,530	140	31,073
Substandard	—		7,605	10,230	4,391	3,561	13,734	7,604	364	47,489
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	75		8,753	10,674	4,592	13,717	18,113	22,134	504	78,562
Pass/Watch	377,662		320,334	162,175	161,150	87,396	522,798	492,717	30,876	2,155,108
Total commercial	$	377,737	329,087	172,849	165,742	101,113	540,911	514,851	31,380	2,233,670
Consumer (1)
Special mention	$	—	—	—	—	—	146	—	—	146
Substandard	—		—	8	—	109	332	209	—	658
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	—		—	8	—	109	478	209	—	804
Pass/Watch	30,132		20,671	2,909	16,682	16,156	88,173	115,777	13,476	303,976
Total consumer	$	30,132	20,671	2,917	16,682	16,265	88,651	115,986	13,476	304,780
Total Loans
Special mention	$	75	1,148	3,515	27,010	82,393	31,014	14,530	140	159,825
Substandard	—		7,605	10,238	6,588	22,731	32,613	8,247	364	88,386
Doubtful	—		—	—	—	—	—	—	—	—
Loss	—		—	—	—	—	—	—	—	—
Total criticized and classified	75		8,753	13,753	33,598	105,124	63,627	22,777	504	248,211
Pass/Watch	1,821,462		1,697,121	1,329,272	1,093,770	584,814	2,720,650	704,097	62,248	10,013,434
Total gross loans	$	1,821,537	1,705,874	1,343,025	1,127,368	689,938	2,784,277	726,874	62,752	10,261,645

(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.