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Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table provides a summary of the Company’s loan portfolio as of the dates indicated:


	September 30, 2023		December 31, 2022
	(In thousands)
Commercial and industrial	$	3,087,509	$	3,150,946
Commercial real estate	5,396,912		5,155,323
Commercial construction	382,615		336,276
Business banking	1,087,799		1,090,492
Residential real estate	2,550,861		2,460,849
Consumer home equity	1,193,859		1,187,547
Other consumer (2)(3)	219,720		194,098
Gross loans before unamortized premiums, unearned discounts and deferred fees	13,919,275		13,575,531
Allowance for loan losses (1)	(155,146)		(142,211)
Unamortized premiums, net of unearned discounts and deferred fees	(19,307)		(13,003)
Loans after the allowance for loan losses, unamortized premiums, unearned discounts and deferred fees	$	13,744,822	$	13,420,317

(1)The balance of accrued interest receivable excluded from amortized cost and the calculation of the allowance for loan losses amounted to $50.8 million and $45.2 million as of September 30, 2023 and December 31, 2022, respectively, and is included within other assets on the Consolidated Balance Sheets.

(2)Automobile loans are included in the other consumer portfolio and amounted to $8.1 million and $18.1 million at September 30, 2023 and December 31, 2022, respectively.

(3)Home improvement loans are included in the other consumer portfolio and amounted to $161.2 million and $121.1 million at September 30, 2023 and December 31, 2022, respectively.

Financing Receivable, Allowance for Credit Loss

The following tables summarize the changes in the allowance for loan losses by loan category for the periods indicated:


	For the Three Months Ended September 30, 2023
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	29,535	$	59,524	$	7,663	$	15,228	$	27,012	$	6,044	$	2,949	$	147,955
Charge-offs	(11)		—		—		(303)		—		—		(731)		(1,045)
Recoveries	120		2		—		609		30		39		108		908
Provision (release)	(3,126)		11,097		136		(316)		(687)		(601)		825		7,328
Ending balance	$	26,518	$	70,623	$	7,799	$	15,218	$	26,355	$	5,482	$	3,151	$	155,146


	For the Three Months Ended September 30, 2022
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	25,852	$	47,555	$	5,474	$	16,699	$	21,663	$	5,662	$	2,626	$	125,531
Charge-offs	(11)		—		—		(369)		—		—		(603)		(983)
Recoveries	126		3		—		286		56		6		158		635
Provision (release)	874		3,545		507		(354)		1,288		174		446		6,480
Ending balance	$	26,841	$	51,103	$	5,981	$	16,262	$	23,007	$	5,842	$	2,627	$	131,663


	For the Nine Months Ended September 30, 2023
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	26,859	$	54,730	$	7,085	$	16,189	$	28,129	$	6,454	$	2,765	$	142,211
Cumulative effect of change in accounting principle (1)	47		—		—		(140)		(849)		(201)		—		(1,143)
Charge-offs	(11)		—		—		(900)		—		(7)		(1,883)		(2,801)
Recoveries	285		8		—		1,294		63		40		335		2,025
Provision (release)	(662)		15,885		714		(1,225)		(988)		(804)		1,934		14,854
Ending balance	$	26,518	$	70,623	$	7,799	$	15,218	$	26,355	$	5,482	$	3,151	$	155,146


	For the Nine Months Ended September 30, 2022
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Other		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	18,018	$	52,373	$	2,585	$	10,983	$	6,556	$	3,722	$	3,308	$	242	$	97,787
Cumulative effect of change in accounting principle (2)	11,533		(6,655)		1,485		6,160		13,489		1,857		(541)		(242)		$	27,086
Charge-offs	(13)		—		—		(1,922)		—		—		(1,754)		—		(3,689)
Recoveries	1,074		53		—		1,678		80		16		533		—		3,434
Provision (release)	(3,771)		5,332		1,911		(637)		2,882		247		1,081		—		7,045
Ending balance	$	26,841	$	51,103	$	5,981	$	16,262	$	23,007	$	5,842	$	2,627	$	—	$	131,663

(1)Represents the adjustment needed to reflect the cumulative day one impact pursuant to the Company’s adoption of ASU 2022-02 (i.e., cumulative effect adjustment related to the adoption of ASU 2022-02 as of January 1, 2023). The adjustment represents a $1.1 million decrease to the allowance attributable to the change in accounting methodology for estimating the allowance for loan losses resulting from the Company’s adoption of the standard.

(2)Represents the adjustment needed to reflect the cumulative day one impact pursuant to the Company’s adoption of ASU 2016-13 (i.e., cumulative effect adjustment related to the adoption of ASU 2016-13 as of January 1, 2022). The adjustment represents a $27.1 million increase to the allowance attributable to the change in accounting methodology for estimating the allowance for loan losses resulting from the Company’s adoption of the standard. The adjustment also includes the adjustment needed to reflect the day one reclassification of the Company’s PCI loan balances to PCD and the associated gross-up of $0.1 million, pursuant to the Company’s adoption of ASU 2016-13.

Summary of details the internal risk-rating categories for the Company's commercial and industrial, commercial real estate, commercial construction and business banking portfolios

The following table details the amortized cost balances of the Company’s loan portfolios, presented by credit quality indicator and origination year as of September 30, 2023, and gross charge-offs for the nine month period then ended:


	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
	(In thousands)
Commercial and industrial
Pass	$	421,454	$	489,139	$	377,921	$	351,075	$	160,669	$	656,163	$	497,576	$	3,555	$	2,957,552
Special Mention	8,109		30,704		14,345		13,897		186		633		18,711		456		87,041
Substandard	—		12		1,808		422		36		2,672		22,799		—		27,749
Doubtful	—		—		—		—		—		8		—		—		8
Loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial	429,563		519,855		394,074		365,394		160,891		659,476		539,086		4,011		3,072,350
Current period gross charge-offs	—		—		—		—		—		11		—		—		11

Commercial real estate
Pass	372,774		1,467,477		858,225		575,634		524,549		1,342,646		59,152		2,585		5,203,042
Special Mention	—		—		—		744		2,395		28,343		—		—		31,482
Substandard	—		—		15,356		3,990		50,704		54,851		8,005		—		132,906
Doubtful	—		—		—		—		—		25,797		—		—		25,797
Loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	372,774		1,467,477		873,581		580,368		577,648		1,451,637		67,157		2,585		5,393,227
Current period gross charge-offs	—		—		—		—		—		—		—		—		—

Commercial construction
Pass	99,843		140,590		124,288		—		—		—		10,727		—		375,448
Special Mention	5,182		—		—		7		—		—		—		—		5,189
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial construction	105,025		140,590		124,288		7		—		—		10,727		—		380,637


Current period gross charge-offs	—		—		—		—		—		—		—		—		—

Business banking
Pass	107,950		164,497		187,765		152,567		117,485		252,479		71,942		3,433		1,058,118
Special Mention	—		572		1,446		3,579		3,778		8,233		1,019		27		18,654
Substandard	1,401		611		3,554		2,127		1,069		3,452		647		584		13,445
Doubtful	—		—		—		20		1,079		500		—		—		1,599
Loss	—		—		—		—		—		—		—		—		—
Total business banking	109,351		165,680		192,765		158,293		123,411		264,664		73,608		4,044		1,091,816
Current period gross charge-offs	—		111		62		56		102		250		23		296		900

Residential real estate
Current and accruing	203,704		742,941		672,492		362,610		95,373		464,070		—		—		2,541,190
30-89 days past due and accruing	441		4,032		4,343		905		940		8,855		—		—		19,516
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	105		726		454		1,000		288		5,502		—		—		8,075
Total residential real estate	204,250		747,699		677,289		364,515		96,601		478,427		—		—		2,568,781
Current period gross charge-offs	—		—		—		—		—		—		—		—		—

Consumer home equity
Current and accruing	27,721		86,954		9,557		5,189		4,356		84,939		954,862		7,028		1,180,606
30-89 days past due and accruing	—		196		—		—		—		647		7,675		377		8,895
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		67		—		—		—		1,788		5,472		179		7,506
Total consumer home equity	27,721		87,217		9,557		5,189		4,356		87,374		968,009		7,584		1,197,007
Current period gross charge-offs	—		—		—		—		—		—		7		—		7

Other consumer
Current and accruing	72,222		39,286		26,060		13,635		12,949		18,047		13,030		112		195,341
30-89 days past due and accruing	126		143		61		19		68		183		28		—		628
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	13		62		10		—		—		47		—		49		181
Total other consumer	72,361		39,491		26,131		13,654		13,017		18,277		13,058		161		196,150
Current period gross charge-offs	746		307		296		90		84		200		160		—		1,883

Total	$	1,321,045	$	3,168,009	$	2,297,685	$	1,487,420	$	975,924	$	2,959,855	$	1,671,645	$	18,385	$	13,899,968

(1)The amounts presented represent the amortized cost as of September 30, 2023 of revolving loans that were converted to term loans during the nine months ended September 30, 2023.

The following table details the amortized cost balances of the Company’s loan portfolios, presented by credit quality indicator and origination year as of December 31, 2022:


	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
	(In thousands)
Commercial and industrial
Pass	$	778,144	$	479,317	$	415,990	$	199,865	$	100,716	$	639,825	$	473,148	$	50	$	3,087,055
Special Mention	2,298		1,307		7,267		4,841		147		—		1,196		670		17,726
Substandard	294		4,954		2,644		46		2,598		7,854		485		346		19,221
Doubtful	—		5,249		—		—		—		23		3,254		—		8,526
Loss	—		—		—		—		—		—		—		—		—


Total commercial and industrial	780,736		490,827		425,901		204,752		103,461		647,702		478,083		1,066		3,132,528

Commercial real estate
Pass	1,510,675		825,620		586,567		581,840		461,296		1,006,160		52,590		4,187		5,028,935
Special Mention	—		—		771		4,204		15,366		12,255		—		—		32,596
Substandard	—		—		2,621		19,796		24,532		34,883		8,000		—		89,832
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	1,510,675		825,620		589,959		605,840		501,194		1,053,298		60,590		4,187		5,151,363

Commercial construction
Pass	91,397		178,648		28,956		20,767		—		—		12,130		—		331,898
Special Mention	—		—		2,361		—		—		—		—		—		2,361
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial construction	91,397		178,648		31,317		20,767		—		—		12,130		—		334,259

Business banking
Pass	178,806		202,230		170,088		128,282		59,452		233,484		78,080		4,770		1,055,192
Special Mention	—		991		4,635		4,605		3,740		7,584		145		—		21,700
Substandard	—		3,482		1,424		2,663		570		7,505		2,230		221		18,095
Doubtful	—		—		—		181		—		70		—		—		251
Loss	—		—		—		—		—		—		—		—		—
Total business banking	178,806		206,703		176,147		135,731		63,762		248,643		80,455		4,991		1,095,238

Residential real estate
Current and accruing	761,442		696,959		382,262		99,494		66,702		434,720		—		—		2,441,579
30-89 days past due and accruing	4,652		5,470		1,245		2,762		2,951		11,646		—		—		28,726
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		—		144		1,491		1,015		7,100		—		—		9,750
Total residential real estate	766,094		702,429		383,651		103,747		70,668		453,466		—		—		2,480,055

Consumer home equity
Current and accruing	97,395		10,774		5,840		5,015		21,092		73,927		953,829		7,320		1,175,192
30-89 days past due and accruing	559		—		—		—		72		944		7,239		247		9,061
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		—		—		61		274		1,303		5,120		296		7,054
Total consumer home equity	97,954		10,774		5,840		5,076		21,438		76,174		966,188		7,863		1,191,307

Other consumer
Current and accruing	55,414		32,390		17,641		18,298		18,832		16,603		17,476		—		176,654
30-89 days past due and accruing	143		68		43		61		240		178		58		7		798
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	31		93		39		2		92		44		15		10		326
Total other consumer	55,588		32,551		17,723		18,361		19,164		16,825		17,549		17		177,778

Total	$	3,481,250	$	2,447,552	$	1,630,538	$	1,094,274	$	779,687	$	2,496,108	$	1,614,995	$	18,124	$	13,562,528

(1)The amounts presented represent the amortized cost as of December 31, 2022 of revolving loans that were converted to term loans during the year ended December 31, 2022.

Summary of age analysis of past due loans

The following tables show the age analysis of past due loans as of the dates indicated:


	As of September 30, 2023
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Commercial and industrial	$	1,030	$	—	$	465	$	1,495	$	3,070,855	$	3,072,350
Commercial real estate	—		—		—		—		5,393,227		5,393,227
Commercial construction	—		—		—		—		380,637		380,637
Business banking	4,536		1,846		1,539		7,921		1,083,895		1,091,816
Residential real estate	17,988		2,846		5,621		26,455		2,542,326		2,568,781
Consumer home equity	6,232		2,661		7,430		16,323		1,180,684		1,197,007
Other consumer	470		158		181		809		195,341		196,150
Total	$	30,256	$	7,511	$	15,236	$	53,003	$	13,846,965	$	13,899,968


	As of December 31, 2022
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Commercial and industrial	$	1,300	$	385	$	2,074	$	3,759	$	3,128,769	$	3,132,528
Commercial real estate	—		—		—		—		5,151,363		5,151,363
Commercial construction	—		—		—		—		334,259		334,259
Business banking	6,642		845		3,517		11,004		1,084,234		1,095,238
Residential real estate	25,877		3,852		6,456		36,185		2,443,870		2,480,055
Consumer home equity	8,262		1,108		6,525		15,895		1,175,412		1,191,307
Other consumer	634		170		320		1,124		176,654		177,778
Total (1)	$	42,715	$	6,360	$	18,892	$	67,967	$	13,494,561	$	13,562,528

(1)The amounts presented in the table above represent the recorded investment balance of loans as of December 31, 2022.

Summary pertaining to the breakdown of the Company's nonaccrual loans

The following table presents information regarding non-accrual loans as of the dates indicated:


	As of September 30, 2023						As of December 31, 2022
	Non-Accrual Loans With ACL		Non-Accrual Loans Without ACL (1)		Total Nonaccrual Loans		Non-Accrual Loans With ACL		Non-Accrual Loans Without ACL (1)		Total Nonaccrual Loans
	(In thousands)
Commercial and industrial	$	4	$	466	$	470	$	3,270	$	10,707	$	13,977
Commercial real estate	25,797		—		25,797		—		—		—
Commercial construction	—		—		—		—		—		—
Business banking	5,422		14		5,436		5,844		1,653		7,497
Residential real estate	8,075		—		8,075		9,750		—		9,750
Consumer home equity	7,506		—		7,506		7,054		—		7,054
Other consumer	181		—		181		326		—		326
Total non-accrual loans	$	46,985	$	480	$	47,465	$	26,244	$	12,360	$	38,604

(1)The loans on non-accrual status and without an ACL as of both September 30, 2023 and December 31, 2022, were primarily comprised of collateral dependent loans for which the fair value of the underlying loan collateral exceeded the loan carrying value.

Summary of the modifications which occurred during the periods and the change in the recorded investment subsequent to the modifications occurring

The following table shows the amortized cost balance as of September 30, 2023 of loans modified during the periods noted below to borrowers experiencing financial difficulty by the type of concession granted:


	Three Months Ended September 30, 2023				Nine Months Ended September 30, 2023
	Amortized Cost Balance		% of Total Portfolio		Amortized Cost Balance		% of Total Portfolio
	(Dollars in thousands)
Interest Rate Reduction:
Business banking	$	—	—	%	$	46	0.00	%
Residential real estate	—		—	%	305		0.01	%
Consumer home equity	203		0.02	%	1,441		0.12	%
Total interest rate reduction	$	203	0.00	%	$	1,792	0.01	%
Other-than-Insignificant Delay in Repayment:
Business banking	$	21	0.00	%	$	21	0.00	%
Residential real estate	2,084		0.08	%	2,517		0.10	%
Consumer home equity	84		0.01	%	684		0.06	%
Total other-than-insignificant delay in repayment	$	2,189	0.02	%	$	3,222	0.02	%
Term Extension:
Business banking	—		—	%	259		0.02	%
Total term extension	$	—	—	%	$	259	0.00	%
Combination—Interest Rate Reduction & Other-than-Insignificant Delay in Repayment:
Business banking	$	—	—	%	$	90	0.01	%
Consumer home equity	428		0.04	%	603		0.05	%
Total combination—interest rate reduction & other-than-insignificant delay in repayment	$	428	0.00	%	$	693	0.00	%
Combination—Interest Rate Reduction & Term Extension:
Business banking	$	41	0.00	%	$	551	0.05	%
Consumer home equity	—		—	%	216		0.02	%
Total combination—interest rate reduction & term extension	$	41	0.00	%	$	767	0.01	%
Combination—Term Extension & Other-than-Insignificant Delay in Repayment:
Business banking	$	—	—	%	$	26	0.00	%
Residential real estate	—		—	%	141		0.01	%
Total combination—term extension & other-than-insignificant delay in repayment	$	—	—	%	$	167	0.00	%
Combination—Interest Rate Reduction, Term Extension & Other-than-Insignificant Delay in Repayment
Business banking	$	—	—	%	$	23	0.00	%
Residential real estate	—		—	%	83		0.00	%


Total combination—interest rate reduction, term extension & other-than-insignificant delay in repayment	$	—	—	%	$	106	0.00	%
Total by portfolio segment
Business banking	$	62	0.01	%	$	1,016	0.09	%
Residential real estate	2,084		0.08	%	3,046		0.12	%
Consumer home equity	715		0.06	%	2,944		0.25	%
Total	$	2,861	0.02	%	$	7,006	0.05	%

The following table describes the financial effect of the modifications made during the three months ended September 30, 2023 to borrowers experiencing financial difficulty:

Loan Type

Financial Effect (1)

Interest Rate Reduction

Business banking

Reduced weighted-average contractual interest rate from 12.7% to 8.5%.

Consumer home equity

Reduced weighted-average contractual interest rate from 8.0% to 4.8%.

Other-than-Insignificant Delay in Repayment

Business banking

Deferred a weighted average of 6 payments. For the principal and interest deferral, the loan was re-amortized over an extended payment period resulting in reduced monthly payment amounts for the borrower.

Residential real estate

Deferred a weighted average of 8 principal and interest payments which were added to the end of the loan life.

Consumer home equity

Deferred a weighted average of 3 principal and interest payments which were added to the end of the loan life.

Term Extension

Business banking

Added a weighted-average 4.8 years to the life of loans, which reduced monthly payment amounts for the borrowers.

(1)Loans that were modified in more than one manner are included in each modification type corresponding to the type of modifications performed.

The following table describes the financial effect of the modifications made during the nine months ended September 30, 2023 to borrowers experiencing financial difficulty:

Loan Type

Financial Effect (1)

Interest Rate Reduction

Business banking

Reduced weighted-average contractual interest rate from 9.8% to 7.4%.

Residential real estate

Reduced weighted-average contractual interest rate from 5.4% to 3.6%.

Consumer home equity

Reduced weighted-average contractual interest rate from 7.4% to 4.4%.

Other-than-Insignificant Delay in Repayment

Business banking

Deferred a weighted average of 2 payments. For principal and interest deferrals, the loans were re-amortized over an extended payment period resulting in reduced monthly payment amounts for the borrowers. For interest-only deferrals, interest accrued at the time of the modification was added to the end of the loan life.

Residential real estate

Deferred a weighted average of 8 principal and interest payments which were added to the end of the loan life.

Consumer home equity

Deferred a weighted average of 7 principal and interest payments which were added to the end of the loan life.

Term Extension

Business banking

Added a weighted-average 5.1 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Residential real estate

Added a weighted-average 23.7 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Consumer home equity

Added a weighted-average 17.2 years to the life of loans, which reduced monthly payment amounts for the borrowers.

(1)Loans that were modified in more than one manner are included in each modification type corresponding to the type of modifications performed.

The following table shows the TDR loans on accrual and non-accrual status as of December 31, 2022:


	TDRs on Accrual Status			TDRs on Non-Accrual Status			Total TDRs
	Number of Loans	Balance of Loans		Number of Loans	Balance of Loans		Number of Loans	Balance of Loans
	(Dollars in thousands)
Commercial and industrial	2	$	4,449	9	$	11,317	11	$	15,766
Business banking	11	4,124		22	2,101		33	6,225
Residential real estate	114	17,618		28	4,016		142	21,634
Consumer home equity	51	2,632		19	1,917		70	4,549
Other consumer	1	11		—	—		1	11
Total	179	$	28,834	78	$	19,351	257	$	48,185

The following table shows the modifications which occurred during the periods indicated and the change in the recorded investment subsequent to the modifications occurring:


	For the Three Months Ended September 30, 2022					For the Nine Months Ended September 30, 2022
	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment (1)		Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment (1)
	(Dollars in thousands)
Commercial and industrial	3	$	2,997	$	2,997	4	$	5,415	$	5,415
Business banking	9	284		284		20	854		862
Residential real estate	5	1,170		1,170		8	1,899		1,899
Consumer home equity	4	1,236		1,236		6	1,468		1,468
Total	21	$	5,687	$	5,687	38	$	9,636	$	9,644

(1)The post-modification balances represent the balance of the loan on the date of modification. These amounts may show an increase when modification includes capitalization of interest.

The following table shows the Company’s post-modification balance of TDRs listed by type of modification during the periods indicated:


	For the Three Months Ended September 30, 2022		For the Nine Months Ended September 30, 2022
	(In thousands)
Extended maturity	—		997
Adjusted interest rate and extended maturity	123		535
Interest only/principal deferred	—		130
Covenant modification	—		2,418
Principal and interest deferred	2,343		2,343
Extended maturity and interest only/principal deferred	2,997		2,997
Other	224		224
Total	$	5,687	$	9,644

Summary of the age analysis of past due loans to borrowers experiencing financial difficulty

The following table shows the age analysis of past due loans to borrowers experiencing financial difficulty as of September 30, 2023 that were modified during the nine months ended September 30, 2023:


	As of September 30, 2023
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
	(In thousands)
Business banking	$	20	$	—	$	—	$	20	$	997	$	1,017
Residential real estate	113		—		—		113		2,933		3,046
Consumer home equity	—		400		—		400		2,543		2,943
Total	$	133	$	400	$	—	$	533	$	6,473	$	7,006

Summary of the Company's loan participations

The following table summarizes the Company’s loan participations:


	As of and for the Nine Months Ended September 30, 2023						As of and for the Year Ended December 31, 2022
	Balance		Non-performing Loan Rate (%)		Gross Charge-offs		Balance		Non-performing Loan Rate (%)		Gross Charge-offs
	(Dollars in thousands)
Commercial and industrial	$	1,097,747	—	%	$	—	$	1,024,131	0.83	%	$	—
Commercial real estate	439,872		—	%	—		422,042		0.00	%	—
Commercial construction	135,612		—	%	—		96,134		0.00	%	—
Business banking	108		—	%	—		51		0.00	%	3
Total loan participations	$	1,673,339	—	%	$	—	$	1,542,358	0.55	%	$	3