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Loans And Allowance For Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2023
Loans And Allowance For Credit Losses [Abstract]  
Summary Classification Of Held To Maturity Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at December 31, 2023 and 2022 are as follows:

(In thousands)20232022
Commercial:
Business
$6,019,036 $5,661,725 
Real estate — construction and land
1,446,764 1,361,095 
Real estate — business
3,719,306 3,406,981 
Personal Banking:
Real estate — personal
3,026,041 2,918,078 
Consumer
2,077,723 2,059,088 
Revolving home equity
319,894 297,207 
Consumer credit card
589,913 584,000 
Overdrafts
6,802 14,957 
Total loans (1)
$17,205,479 $16,303,131 
(1) Accrued interest receivable totaled $71.9 million and $55.5 million at December 31, 2023 and 2022, respectively, and was included within other assets on the consolidated balance sheets. For the year ended December 31, 2023, the Company wrote-off accrued interest by reversing interest income of $460 thousand and $4.8 million in the Commercial and Personal Banking portfolios, respectively. For the year ended December 31, 2022, the Company wrote-off accrued interest by reversing interest income of $145 thousand and $3.2 million in the Commercial and Personal Banking portfolios, respectively.
Loans To Directors And Executive Officers
Loans to directors and executive officers of the Parent and the Bank, and to their affiliates, are summarized as follows:

(In thousands)
Balance at January 1, 2023
$41,107 
Additions2,300 
Amounts collected(4,605)
Amounts written off— 
Balance, December 31, 2023
$38,802 
CECL Model Inputs
Key assumptions in the Company’s allowance for credit loss model include the economic forecast, the reasonable and supportable period, forecasted macro-economic variables, prepayment assumptions and qualitative factors applied for portfolio composition changes, underwriting practices, or significant unique events or conditions. The assumptions utilized in estimating the Company’s allowance for credit losses at December 31, 2023 and 2022 are discussed below.

Key AssumptionDecember 31, 2023December 31, 2022
Overall economic forecast
•The US economy is projected to slow at the start of 2024, but not enter a recession
•Impacts of tighter monetary and fiscal policy creates uncertainty
•Consumer spending is expected to decrease
•Continued high inflation and higher cost of borrowing create a mild recession in 2023 with stalled job growth and possible job losses
•Assumes interest rate hikes will taper
Reasonable and supportable period and related reversion period
•Reasonable and supportable period of one year
•Reversion to historical average loss rates within two quarters using a straight-line method
•Reasonable and supportable period of one year
•Reversion to historical average loss rates within two quarters using straight-line method
Forecasted macro-economic variables
•Unemployment rate ranges from 4.1% to 4.5% during the reasonable and supportable forecast period
•Real GDP growth ranges from .46% to 2.1%
•BBB corporate yield from 5.3% to 5.9%
•Housing Price Index from 305.4 to 307.4
•Unemployment rate ranges from 3.8% to 4.7% during the reasonable and supportable forecast period
•Real GDP growth ranges from (.9)% to 1.3%
•BBB corporate yield from 5.1% to 5.8%
•Prime rate from 7.6% to 7.7%
Prepayment assumptions
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 6.5% to 23.5% for most loan pools
•Consumer credit cards 66.9%
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 8.3% to 24.8% for most loan pools
•Consumer credit cards 67.9%
Qualitative factors
Added qualitative factors related to:
•Changes in the composition of the loan portfolios
•Certain stressed industries within the portfolio
•Certain portfolios sensitive to unusually high rate of inflation and supply chain issues
•Loans downgraded to special mention, substandard, or non-accrual status
Added qualitative factors related to:
•Changes in the composition of the loan portfolios
•Certain portfolios sensitive to pandemic economic uncertainties
•Uncertainty related to unusually high rate of inflation and supply chain issues
•Loans downgraded to special mention, substandard, or non-accrual status
Summary Of Activity In The Allowance For Credit Losses
A summary of the activity in the allowance for credit losses on loans and the liability for unfunded lending commitments during the years ended December 31, 2023 and 2022 follows:

For the Year Ended December 31
(In thousands)CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance December 31, 2022$103,293 $46,843 $150,136 
Provision for credit losses on loans8,001 35,324 43,325 
Deductions:
   Loans charged off3,885 36,283 40,168 
   Less recoveries on loans792 8,310 9,102 
Net loan charge-offs (recoveries)3,093 27,973 31,066 
Balance December 31, 2023$108,201 $54,194 $162,395 
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance December 31, 2022$31,743 $1,377 $33,120 
Provision for credit losses on unfunded lending commitments(7,834)(40)(7,874)
Balance December 31, 2023$23,909 $1,337 $25,246 
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$132,110 $55,531 $187,641 
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at December 31, 2021
97,776 52,268 150,044 
Provision for credit losses on loans6,550 12,605 19,155 
Deductions:
   Loans charged off1,480 27,762 29,242 
   Less recoveries on loans447 9,732 10,179 
Net loan charge-offs (recoveries)1,033 18,030 19,063 
Balance December 31, 2022
$103,293 $46,843 $150,136 
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at December 31, 202023,271 933 24,204 
Provision for credit losses on unfunded lending commitments8,472 444 8,916 
Balance December 31, 2022
$31,743 $1,377 $33,120 
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$135,036 $48,220 $183,256 
Aging Information On Past Due And Nonaccrual Loans The following table provides aging information on the Company’s past due and accruing loans, in addition to the balances of loans on non-accrual status, at December 31, 2023 and 2022.
(In thousands)
Current or Less Than 30 Days Past Due30 – 89 Days Past Due90 Days Past Due and Still AccruingNon-accrualTotal
December 31, 2023
Commercial:
Business
$5,985,713 $29,087 $614 $3,622 $6,019,036 
Real estate – construction and land
1,446,764 — — — 1,446,764 
Real estate – business
3,714,579 4,582 85 60 3,719,306 
Personal Banking:
Real estate – personal
2,999,988 14,841 9,559 1,653 3,026,041 
Consumer
2,036,353 38,217 3,153 — 2,077,723 
Revolving home equity
315,483 1,564 870 1,977 319,894 
Consumer credit card
574,805 7,525 7,583 — 589,913 
Overdrafts
6,553 249— — 6,802 
Total
$17,080,238 $96,065 $21,864 $7,312 $17,205,479 
December 31, 2022
Commercial:
Business
$5,652,710 $1,759 $505 $6,751 $5,661,725 
Real estate – construction and land
1,361,095 — — — 1,361,095 
Real estate – business
3,406,207 585 — 189 3,406,981 
Personal Banking:
Real estate – personal
2,895,742 14,289 6,681 1,366 2,918,078 
Consumer
2,031,827 25,089 2,172 — 2,059,088 
Revolving home equity
295,303 1,201 703 — 297,207 
Consumer credit card
572,213 6,238 5,549 — 584,000 
Overdrafts
14,090 647220 — 14,957 
Total
$16,229,187 $49,808 $15,830 $8,306 $16,303,131 
Credit Quality of Loans in Commercial Portfolio
The risk category of loans in the Commercial portfolio as of December 31, 2023 and 2022 are as follows:

Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2023
Business
    Risk Rating:
       Pass$1,609,685 $839,511 $555,991 $273,138 $215,988 $257,177 $2,096,108 $5,847,598 
       Special mention19,639 3,412 19,489 643 412 2,485 43,054 89,134 
       Substandard5,256 8,666 6,891 20,854 1,422 10,235 25,358 78,682 
       Non-accrual— 130 1,184 — — 2,308 — 3,622 
   Total Business:$1,634,580 $851,719 $583,555 $294,635 $217,822 $272,205 $2,164,520 $6,019,036 
Gross write-offs for the year ended December 31, 2023
$— $2,260 $57 $41 $— $— $1,393 $3,751 
Real estate-construction
    Risk Rating:
       Pass$476,489 $579,933 $295,841 $41,418 $498 $2,834 $31,670 $1,428,683 
       Special mention3,068 15,013 — — — — — 18,081 
       Substandard— — — — — — — — 
    Total Real estate-construction:$479,557 $594,946 $295,841 $41,418 $498 $2,834 $31,670 $1,446,764 
Gross write-offs for the year ended December 31, 2023
$— $— $— $— $— $— $— $— 
Real estate- business
    Risk Rating:
       Pass$807,631 $1,063,189 $510,397 $433,030 $311,457 $325,738 $94,432 $3,545,874 
       Special mention16,650 8,619 451 884 9,253 733 — 36,590 
       Substandard2,952 18,463 27,914 17,430 11,636 58,387 — 136,782 
       Non-accrual— — — — — 60 — 60 
   Total Real-estate business:$827,233 $1,090,271 $538,762 $451,344 $332,346 $384,918 $94,432 $3,719,306 
Gross write-offs for the year ended December 31, 2023
$— $— $— $— $— $134 $— $134 
Commercial loans
    Risk Rating:
       Pass$2,893,805 $2,482,633 $1,362,229 $747,586 $527,943 $585,749 $2,222,210 $10,822,155 
       Special mention39,357 27,044 19,940 1,527 9,665 3,218 43,054 143,805 
       Substandard8,208 27,129 34,805 38,284 13,058 68,622 25,358 215,464 
       Non-accrual— 130 1,184 — — 2,368 — 3,682 
   Total Commercial loans:$2,941,370 $2,536,936 $1,418,158 $787,397 $550,666 $659,957 $2,290,622 $11,185,106 
Gross write-offs for the year ended December 31, 2023
$— $2,260 $57 $41 $— $134 $1,393 $3,885 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2022
Business
    Risk Rating:
       Pass$1,456,476 $782,409 $464,201 $360,844 $180,375 $219,053 $2,146,380 $5,609,738 
       Special mention3,113 2,548 7,757 1,063 67 — 1,319 15,867 
       Substandard5,752 10,004 685 37 810 10,342 1,739 29,369 
       Non-accrual195 1,987 — 1 792 3,776 — 6,751 
   Total Business:$1,465,536 $796,948 $472,643 $361,945 $182,044 $233,171 $2,149,438 $5,661,725 
Real estate-construction
    Risk Rating:
       Pass$538,022 $596,465 $129,632 $27,331 $1,305 $2,029 $18,559 $1,313,343 
       Special mention352 — — — — — — 352 
       Substandard— 19,494 — — 14,766 13,140 — 47,400 
    Total Real estate-construction:$538,374 $615,959 $129,632 $27,331 $16,071 $15,169 $18,559 $1,361,095 
Real estate- business
    Risk Rating:
       Pass$1,085,379 $616,516 $555,648 $424,641 $163,628 $271,579 $90,799 $3,208,190 
       Special mention4,608 — 618 9,737 976 279 — 16,218 
       Substandard2,795 30,944 61,141 10,490 30,782 46,232 — 182,384 
       Non-accrual14 45 — — 124 6 — 189 
   Total Real-estate business:$1,092,796 $647,505 $617,407 $444,868 $195,510 $318,096 $90,799 $3,406,981 
Commercial loans
    Risk Rating:
       Pass$3,079,877 $1,995,390 $1,149,481 $812,816 $345,308 $492,661 $2,255,738 $10,131,271 
       Special mention8,073 2,548 8,375 10,800 1,043 279 1,319 32,437 
       Substandard8,547 60,442 61,826 10,527 46,358 69,714 1,739 259,153 
       Non-accrual209 2,032 — 1 916 3,782 — 6,940 
   Total Commercial loans:$3,096,706 $2,060,412 $1,219,682 $834,144 $393,625 $566,436 $2,258,796 $10,429,801 
Credit Quality of Personal Banking Loan Portfolio
The credit quality of Personal Banking loans is monitored primarily on the basis of aging/delinquency, and this information is provided as of December 31, 2023 and 2022 below:

Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2023
Real estate-personal
       Current to 90 days past due$455,703 $452,153 $533,313 $711,442 $257,159 $596,439 $8,620 $3,014,829 
       Over 90 days past due3,319 1,650 2,222 834 44 1,490 — 9,559 
       Non-accrual— 261 167 — 157 1,068 — 1,653 
   Total Real estate-personal:$459,022 $454,064 $535,702 $712,276 $257,360 $598,997 $8,620 $3,026,041 
Gross write-offs for the year ended December 31, 2023
$— $18 $— $— $— $23 $— $41 
Consumer
       Current to 90 days past due$518,619 $340,104 $258,348 $127,208 $56,394 $51,302 $722,595 $2,074,570 
       Over 90 days past due391 210 194 24 54 421 1,859 3,153 
    Total Consumer:$519,010 $340,314 $258,542 $127,232 $56,448 $51,723 $724,454 $2,077,723 
Gross write-offs for the year ended December 31, 2023
$926 $2,891 $1,939 $770 $376 $370 $1,051 $8,323 
Revolving home equity
       Current to 90 days past due$— $— $— $— $— $— $317,047 $317,047 
       Over 90 days past due— — — — — — 870 870 
       Non-accrual— — — — — — 1,977 $1,977 
   Total Revolving home equity:$— $— $— $— $— $— $319,894 $319,894 
Gross write-offs for the year ended December 31, 2023
$— $— $— $— $— $— $11 $11 
Consumer credit card
       Current to 90 days past due$— $— $— $— $— $— $582,330 $582,330 
       Over 90 days past due— — — — — — 7,583 7,583 
   Total Consumer credit card:$— $— $— $— $— $— $589,913 $589,913 
Gross write-offs for the year ended December 31, 2023
$— $— $— $— $— $— $24,105 $24,105 
Overdrafts
       Current to 90 days past due$6,802 $— $— $— $— $— $— $6,802 
    Total Overdrafts:$6,802 $— $— $— $— $— $— $6,802 
Gross write-offs for the year ended December 31, 2023
$3,803 $— $— $— $— $— $— $3,803 
Personal banking loans
       Current to 90 days past due$981,124 $792,257 $791,661 $838,650 $313,553 $647,741 $1,630,592 $5,995,578 
       Over 90 days past due3,710 1,860 2,416 858 98 1,911 10,312 21,165 
       Non-accrual— 261 167 — 157 1,068 1,977 3,630 
   Total Personal banking loans:$984,834 $794,378 $794,244 $839,508 $313,808 $650,720 $1,642,881 $6,020,373 
Gross write-offs for the year ended December 31, 2023
$4,729 $2,909 $1,939 $770 $376 $393 $25,167 $36,283 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2022
Real estate-personal
       Current to 90 days past due$535,283 $589,658 $783,651 $290,580 $132,305 $568,380 $10,174 $2,910,031 
       Over 90 days past due514 967 1,338 81 1,388 2,393 — 6,681 
       Non-accrual— — 52 169 102 1,043 — 1,366 
   Total Real estate-personal:$535,797 $590,625 $785,041 $290,830 $133,795 $571,816 $10,174 $2,918,078 
Consumer
       Current to 90 days past due$536,429 $378,118 $205,849 $106,733 $36,096 $62,255 $731,436 $2,056,916 
       Over 90 days past due326 251 203 58 267 228 839 2,172 
    Total Consumer:$536,755 $378,369 $206,052 $106,791 $36,363 $62,483 $732,275 $2,059,088 
Revolving home equity
       Current to 90 days past due$— $— $— $— $— $— $296,504 $296,504 
       Over 90 days past due— — — — — — 703 703 
   Total Revolving home equity:$— $— $— $— $— $— $297,207 $297,207 
Consumer credit card
       Current to 90 days past due$— $— $— $— $— $— $578,451 $578,451 
       Over 90 days past due— — — — — — 5,549 5,549 
   Total Consumer credit card:$— $— $— $— $— $— $584,000 $584,000 
Overdrafts
       Current to 90 days past due$14,737 $— $— $— $— $— $— $14,737 
       Over 90 days past due220 — — — — — — 220 
    Total Overdrafts:$14,957 $— $— $— $— $— $— $14,957 
Personal banking loans
       Current to 90 days past due$1,086,449 $967,776 $989,500 $397,313 $168,401 $630,635 $1,616,565 $5,856,639 
       Over 90 days past due1,060 1,218 1,541 139 1,655 2,621 7,091 15,325 
       Non-accrual— — 52 169 102 1,043 — 1,366 
   Total Personal banking loans:$1,087,509 $968,994 $991,093 $397,621 $170,158 $634,299 $1,623,656 $5,873,330 
Amortized Cost Basis of Collateral-Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans as of December 31, 2023 and 2022.
December 31, 2023December 31, 2022
(In thousands)Business AssetsReal EstateOil & Gas AssetsTotalBusiness AssetsOil & Gas AssetsTotal
Commercial:
  Business$1,183 $— $1,238 $2,421 $2,778 $1,824 $4,602 
  Revolving home equity— 1,977 — 1,977 — $— — 
Total$1,183 $1,977 $1,238 $4,398 $2,778 $1,824 $4,602 
Summary Of Loans In The Personal Banking Portfolio Percentage Of Balances Outstanding For the remainder of loans in the Personal Banking portfolio, the table below shows the percentage of balances outstanding at December 31, 2023 and 2022 by FICO score.
Personal Banking Loans
% of Loan Category


Real Estate - PersonalConsumerRevolving Home EquityConsumer Credit Card
December 31, 2023
FICO score:
Under 600
2.0 %2.5 %1.9 %4.7 %
600 – 659
2.3 4.3 3.3 12.1 
660 – 719
8.5 12.9 10.9 29.2 
720 – 779
21.9 28.2 22.4 27.0 
780 and over
65.3 52.1 61.5 27.0 
Total
100.0 %100.0 %100.0 %100.0 %
December 31, 2022
FICO score:
Under 600
1.4 %2.2 %1.5 %3.4 %
600 – 659
2.2 4.2 2.8 11.4 
660 – 719
8.1 14.5 9.7 30.8 
720 – 779
23.7 26.7 21.4 27.1 
780 and over
64.6 52.4 64.6 27.3 
Total
100.0 %100.0 %100.0 %100.0 %
Outstanding Balance Of Loans Classified As Troubled Debt Restructurings
The following tables present the amortized cost at December 31, 2023 of loans that were modified during the year ended December 31, 2023.

For the Year Ended December 31, 2023



(Dollars in thousands)
Term ExtensionPayment DelayInterest Rate ReductionInterest/Fees Forgiven
Other
Total% of Total Loan Category
December 31, 2023
Commercial:
Business$28,179 $— $— $— $— $28,179 0.5 %
Real estate – business105,549 — — — — 105,549 2.8 
Personal Banking:
Real estate – personal 383 4,203 — — — 4,586 0.2 
Consumer30 68 92 — 85 275 — 
Consumer credit card— — 2,535 346 — 2,881 0.5 
Total $134,141 $4,271 $2,627 $346 $85 $141,470 0.8 %
Financing receivable, financial impacts of loan modification and payment deferrals
The following tables summarize the financial impact of loan modifications and payment deferrals during the year ended December 31, 2023.
Term Extension
For the Year Ended December 31, 2023
Commercial:
Business
Extended maturity by a weighted average of 7 months.
Real estate – business
Extended maturity by a weighted average of 13 months.
Personal Banking:
Real estate – personal
Extended maturity by a weighted average of 7 months.
Consumer
Extended maturity by 10 years.


Payment Delay
For the Year Ended December 31, 2023
Personal Banking:
Real estate – personal
Deferred certain payments by a weighted average of 20 years.
Consumer
Deferred certain payments by a weighted average of 71 months.
Interest Rate Reduction
For the Year Ended December 31, 2023
Personal Banking:
ConsumerReduced weighted-average contractual interest rate from average 22% to 6%.
Consumer credit cardReduced weighted-average contractual interest rate from average 22% to 6%.

Forgiveness of Interest/Fees
For the Year Ended December 31, 2023
Personal Banking:
Consumer credit cardApproximately $33 thousand of interest and fees forgiven.
Financing Receivable, Modified, Subsequent Default
The following table provides the amortized cost basis of loans to borrowers experiencing financial difficulty that had a payment default during the year ended December 31, 2023 and were modified on or after January 1, 2023 (the date we adopted ASU 2022-02) through December 31, 2023. For purposes of this disclosure, the Company considers "default" to mean 90 days or more past due as to interest or principal. In addition to the loans below, the Company charged off $2.2 million and $729 thousand of business and consumer loans, respectively, during the year ended December 31, 2023 that were modified during the period.

For the Year Ended December 31, 2023


(Dollars in thousands)
Payment DelayInterest Rate ReductionInterest/Fees ForgivenTotal
December 31, 2023
Personal Banking:
Real estate – personal $1,357 $— $— $1,357 
Consumer— 24 — 24 
Consumer credit card— 332 154 486 
Total $1,357 $356 $154 $1,867 
Financing Receivable, Modified, Past Due
The following table presents the amortized cost basis at December 31, 2023 of loans that have been modified on or after January 1, 2023 (the date we adopted ASU 2022-02) through December 31, 2023.



(In thousands)
Current
30-89 Days
Past Due
90 Days
Past Due		Total
December 31, 2023
Commercial:
Business$26,941 $1,238 $— $28,179 
Real estate – business102,388 3,161 — 105,549 
Personal Banking:
Real estate – personal 3,303 751 532 4,586 
Consumer233 28 14 275 
Consumer credit card2,071 456 354 2,881 
Total $134,936 $5,634 $900 $141,470 
Additional Information about Troubled Debt Restructurings
(In thousands)December 31, 2022
Accruing loans:
Commercial
$184,388 
Assistance programs
5,156 
Other consumer
4,049 
Non-accrual loans
5,078 
Total troubled debt restructurings
$198,671 
Financing Receivable, Troubled Debt Restructuring
The table below shows the balance of troubled debt restructurings by loan classification at December 31, 2022, in addition to the outstanding balances of these restructured loans which the Company considers to have been in default at any time during the 12 months prior to December 31, 2022. For purposes of this disclosure, the Company considers "default" to mean 90 days or more past due as to interest or principal.

(In thousands)December 31, 2022Balance 90 days past due at any time during previous 12 months
Commercial:
Business
$12,311 $— 
Real estate – construction and land
57,547 — 
Real estate – business
118,654 — 
Personal Banking:
Real estate – personal
2,809 419 
Consumer
2,250 268 
Revolving home equity
17 — 
Consumer credit card
5,083 452 
Total troubled debt restructurings
$198,671 $1,139