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CREDIT QUALITY ASSESSMENT (Tables)
 6 Months Ended
Jun. 30, 2023
Credit Loss [Abstract]  
Summary Information on the Allowance for Credit Loss Activity
Summary information on the allowance for credit losses on loans for the period indicated is provided in the following table:
 Six Months Ended June 30,
(In thousands)20232022
Balance at beginning of period$136,242 $109,145 
Provision/ (credit) for credit losses - loans (1)
(14,491)4,681 
Loan charge-offs(2,265)(762)
Loan recoveries801 606 
Net charge-offs(1,464)(156)
Balance at period end$120,287 $113,670 
 (1) Excludes the total credit to the provision on unfunded loan commitments for six months ended June 30, 2023 of $2.0 million.
Schedule of Collateral Dependent Loans Individually Evaluated for Credit Loss
The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:
(In thousands)June 30, 2023December 31, 2022
Collateral dependent loans individually evaluated for credit loss with an allowance$48,878 $9,743 
Collateral dependent loans individually evaluated for credit loss without an allowance14,652 16,454 
Total individually evaluated collateral dependent loans$63,530 $26,197 
Allowance for credit losses related to loans evaluated individually$16,224 $6,902 
Allowance for credit losses related to loans evaluated collectively104,063 129,340 
Total allowance for credit losses - loans$120,287 $136,242 
Activity in Allowance for Credit Losses or Loan and Lease Losses by Respective Loan Portfolio Segment
The following tables provide information on the activity in the allowance for credit losses by the respective loan portfolio segment for the period indicated:
 For the Six Months Ended June 30, 2023
 Commercial Real EstateResidential Real Estate 
(Dollars in thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Balance at beginning of period$64,737 $11,646 $18,646 $28,027 $9,424 $1,337 $2,425 $136,242 
Provision/ (credit) for credit losses - loans(3,669)(2,469)(8,446)123 (207)(487)664 (14,491)
Charge-offs— — — (423)(160)— (1,682)(2,265)
Recoveries19 53 — 187 104 — 438 801 
Net (charge-offs)/ recoveries19 53 — (236)(56)— (1,244)(1,464)
Balance at end of period$61,087 $9,230 $10,200 $27,914 $9,161 $850 $1,845 $120,287 
Total loans$5,131,210 $1,770,135 $1,045,742 $1,423,614 $1,385,743 $190,690 $422,505 $11,369,639 
Allowance for credit losses on loans to total loans ratio1.19 %0.52 %0.98 %1.96 %0.66 %0.45 %0.44 %1.06 %
Average loans$5,141,447 $1,771,369 $1,069,927 $1,443,030 $1,330,912 $217,419 $423,711 $11,397,815 
Annualized net charge-offs/ (recoveries) to average loans— %(0.01)%— %0.03 %0.01 %— %0.59 %0.03 %
Balance of loans individually evaluated for credit loss$48,721 $4,846 $570 $9,393 $— $— $— $63,530 
Allowance related to loans evaluated individually$7,908 $1,226 $102 $6,988 $— $— $— $16,224 
Individual allowance to loans evaluated individually ratio16.23 %25.30 %17.89 %74.40 %— %— %— %25.54 %
Contractual balance of individually evaluated loans$48,886 $5,675 $581 $10,545 $— $— $— $65,687 
Balance of loans collectively evaluated for credit loss$5,082,489 $1,765,289 $1,045,172 $1,414,221 $1,385,743 $190,690 $422,505 $11,306,109 
Allowance related to loans evaluated collectively$53,179 $8,004 $10,098 $20,926 $9,161 $850 $1,845 $104,063 
Collective allowance to loans evaluated collectively ratio1.05 %0.45 %0.97 %1.48 %0.66 %0.45 %0.44 %0.92 %

 For the Year Ended December 31, 2022
 Commercial Real EstateResidential Real Estate 
(Dollars in thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Balance at beginning of period$45,289 $11,687 $20,322 $23,170 $5,384 $1,048 $2,245 $109,145 
Provision for credit losses - loans19,128 (90)(1,676)4,774 4,093 281 170 26,680 
Charge-offs— — — (716)(155)— (234)(1,105)
Recoveries320 49 — 799 102 8 244 1,522 
Net (charge-offs)/ recoveries320 49 — 83 (53)8 10 417 
Balance at end of period$64,737 $11,646 $18,646 $28,027 $9,424 $1,337 $2,425 $136,242 
Total loans$5,130,094 $1,775,037 $1,090,028 $1,455,885 $1,287,933 $224,772 $432,957 $11,396,706 
Allowance for credit losses on loans to total loans ratio1.26 %0.66 %1.71 %1.93 %0.73 %0.59 %0.56 %1.20 %
Average loans$4,681,607 $1,730,293 $1,112,936 $1,351,906 $1,117,053 $221,341 $423,746 $10,638,882 
Net charge-offs/ (recoveries) to average loans(0.01)%— %— %(0.01)%— %— %— %— %
Balance of loans individually evaluated for credit loss$9,943 $6,155 $— $8,274 $1,487 $— $338 $26,197 
Allowance related to loans evaluated individually$134 $1,261 $— $5,507 $— $— $— $6,902 
Individual allowance to loans evaluated individually ratio1.35 %20.49 %— %66.56 %— %— %— %26.35 %
Contractual balance of individually evaluated loans$10,882 $6,849 $— $9,893 $1,487 $— $364 $29,475 
Balance of loans collectively evaluated for credit loss$5,120,151 $1,768,882 $1,090,028 $1,447,611 $1,286,446 $224,772 $432,619 $11,370,509 
Allowance related to loans evaluated collectively$64,603 $10,385 $18,646 $22,520 $9,424 $1,337 $2,425 $129,340 
Collective allowance to loans evaluated collectively ratio1.26 %0.59 %1.71 %1.56 %0.73 %0.59 %0.56 %1.14 %
Schedule of Information on the Credit Quality of Loan Portfolio
The following section provides information on the credit quality of the loan portfolio for the periods indicated below:
 For the Six Months Ended June 30, 2023
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Analysis of non-accrual loan activity:        
Balance at beginning of period$9,943 $5,019 $— $7,322 $7,439 $— $5,059 $34,782 
Loans placed on non-accrual19,622 — 569 4,362 3,540 — 897 28,990 
Non-accrual balances transferred to OREO— — — — — — — — 
Non-accrual balances charged-off— — — (424)(160)— (1,591)(2,175)
Net payments or draws(9,184)(173)— (1,354)(309)— (846)(11,866)
Non-accrual loans brought current— — — (513)(357)— (123)(993)
Balance at end of period$20,381 $4,846 $569 $9,393 $10,153 $— $3,396 $48,738 


 For the Year Ended December 31, 2022
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Analysis of non-accrual loan activity:        
Balance at beginning of period$12,489 $9,306 $650 $8,420 $8,441 $55 $6,725 $46,086 
Loans placed on non-accrual4,761 2,370 — 1,591 2,593 — 815 12,130 
Non-accrual balances transferred to OREO— — — — — — — — 
Non-accrual balances charged-off— — — (677)(151)— (32)(860)
Net payments or draws(7,307)(4,366)(650)(2,012)(2,615)(55)(2,060)(19,065)
Non-accrual loans brought current— (2,291)— — (829)— (389)(3,509)
Balance at end of period$9,943 $5,019 $— $7,322 $7,439 $— $5,059 $34,782 
Credit Quality of Loan Portfolio by Segment
 June 30, 2023
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Performing loans:        
Current$5,108,614 $1,763,223 $1,044,320 $1,413,058 $1,366,644 $190,690 $416,799 $11,303,348 
30-59 days2,215 2,066 — 747 5,464 — 1,849 12,341 
60-89 days— — 853 387 2,790 — 461 4,491 
Total performing loans5,110,829 1,765,289 1,045,173 1,414,192 1,374,898 190,690 419,109 11,320,180 
Non-performing loans:
Non-accrual loans20,381 4,846 569 9,393 10,153 — 3,396 48,738 
Loans greater than 90 days past due— — — 29 692 — — 721 
Restructured loans (1)
— — — — — — — — 
Total non-performing loans20,381 4,846 569 9,422 10,845 — 3,396 49,459 
Total loans$5,131,210 $1,770,135 $1,045,742 $1,423,614 $1,385,743 $190,690 $422,505 $11,369,639 
(1) Effective January 1, 2023, the Company adopted ASU 2022-02, which eliminated the accounting and recognition of troubled debt restructurings ("TDRs").
 December 31, 2022
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Performing loans:        
Current$5,104,204 $1,767,875 $1,090,028 $1,443,012 $1,261,878 $222,144 $422,989 $11,312,130 
30-59 days9,735 1,007 — 3,556 11,307 2,628 4,343 32,576 
60-89 days6,212 — — 41 5,822 — 566 12,641 
Total performing loans5,120,151 1,768,882 1,090,028 1,446,609 1,279,007 224,772 427,898 11,357,347 
Non-performing loans:
Non-accrual loans9,943 5,019 — 7,322 7,439 — 5,059 34,782 
Loans greater than 90 days past due— — — 1,002 — — — 1,002 
Restructured loans— 1,136 — 952 1,487 — — 3,575 
Total non-performing loans9,943 6,155 — 9,276 8,926 — 5,059 39,359 
Total loans$5,130,094 $1,775,037 $1,090,028 $1,455,885 $1,287,933 $224,772 $432,957 $11,396,706 
Table of Average Principal Balance of the Total Non-Accrual Loans and Contractual Interest Due
The following tables present average principal balance of total non-accrual loans and contractual interest due on non-accrual loans for the periods indicated below:
 For the Six Months Ended June 30, 2023
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Average non-accrual loans for the period$15,258 $4,938 $190 $8,719 $8,842 $— $4,452 $42,399 
Contractual interest income due on non-
accrual loans during the period
$559 $146 $24 $350 $232 $— $243 $1,554 

 For the Year Ended December 31, 2022
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
Average non-accrual loans for the period$11,892 $7,314 $617 $7,768 $7,769 $21 $5,811 $41,192 
Contractual interest income due on non-
accrual loans during the period
$713 $106 $30 $491 $319 $1 $349 $2,009 
Information About Credit Quality Indicator by the Year Of Origination
The following table provides information about credit quality indicators by the year of origination as of June 30, 2023:
 June 30, 2023
 Term Loans by Origination YearRevolving 
(In thousands)20232022202120202019PriorLoansTotal
Commercial Investor R/E:        
Pass$221,130 $1,401,988 $1,210,529 $689,275 $552,876 $958,510 $24,855 $5,059,163 
Special Mention6,297 10,298 30,536 — 93 2,880 — 50,104 
Substandard14,799 544 3,663 — 1,377 1,560 — 21,943 
Doubtful— — — — — — — — 
Total$242,226 $1,412,830 $1,244,728 $689,275 $554,346 $962,950 $24,855 $5,131,210 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Owner-Occupied R/E:
Pass$87,454 $366,576 $325,147 $238,899 $246,174 $474,408 $2,184 $1,740,842 
Special Mention731 739 — 889 323 7,538 — 10,220 
Substandard3,296 3,753 815 351 5,988 4,870 — 19,073 
Doubtful— — — — — — — — 
Total$91,481 $371,068 $325,962 $240,139 $252,485 $486,816 $2,184 $1,770,135 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$189,426 $318,888 $284,974 $78,362 $1,867 $15,079 $154,566 $1,043,162 
Special Mention1,661 — — — — — — 1,661 
Substandard350 569 — — — — — 919 
Doubtful— — — — — — — — 
Total$191,437 $319,457 $284,974 $78,362 $1,867 $15,079 $154,566 $1,045,742 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Business:
Pass$81,897 $342,575 $212,680 $108,084 $75,222 $129,998 $441,542 $1,391,998 
Special Mention— 95 204 942 2,172 338 13,398 17,149 
Substandard1,255 2,231 1,766 994 2,581 1,818 3,822 14,467 
Doubtful— — — — — — — — 
Total$83,152 $344,901 $214,650 $110,020 $79,975 $132,154 $458,762 $1,423,614 
Current period gross charge-offs$— $— $324 $— $— $99 $423 
Residential Mortgage:
Beacon score:
660-850$18,644 $377,467 $387,642 $168,643 $41,092 $290,758 $— $1,284,246 
600-659— 8,016 13,725 4,075 3,858 29,123 — 58,797 
540-599304 2,915 3,291 523 1,511 8,894 — 17,438 
less than 540— 363 3,006 3,448 3,008 15,437 — 25,262 
Total$18,948 $388,761 $407,664 $176,689 $49,469 $344,212 $— $1,385,743 
Current period gross charge-offs$— $— $43 $— $10 $107 $— $160 
Residential Construction:
Beacon score:
660-850$9,189 $135,471 $36,186 $5,837 $150 $1,244 $— $188,077 
600-659— 973 739 — — — — 1,712 
540-599— — 401 — — — — 401 
less than 540500 — — — — — — 500 
Total$9,689 $136,444 $37,326 $5,837 $150 $1,244 $— $190,690 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$4,743 $6,164 $2,515 $764 $2,048 $24,430 $344,560 $385,224 
600-659325 543 21 163 113 5,299 12,686 19,150 
540-599309 79 83 38 127 2,293 4,456 7,385 
less than 540224 178 248 291 486 2,750 6,569 10,746 
Total$5,601 $6,964 $2,867 $1,256 $2,774 $34,772 $368,271 $422,505 
Current period gross charge-offs$— $1 $— $— $— $1,594 $87 $1,682 
Total loans$642,534 $2,980,425 $2,518,171 $1,301,578 $941,066 $1,977,227 $1,008,638 $11,369,639 
 The following table provides information about credit quality indicators by the year of origination as of December 31, 2022:
 December 31, 2022
 Term Loans by Origination YearRevolving 
(In thousands)20222021202020192018PriorLoansTotal
Commercial Investor R/E:        
Pass$1,510,446 $1,197,504 $694,756 $567,247 $335,103 $742,405 $15,242 $5,062,703 
Special Mention32,661 17,146 468 94 473 4,814 — 55,656 
Substandard557 1,896 — — 8,239 1,043 — 11,735 
Doubtful— — — — — — — — 
Total$1,543,664 $1,216,546 $695,224 $567,341 $343,815 $748,262 $15,242 $5,130,094 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Owner-Occupied R/E:
Pass$391,340 $328,657 $240,738 $260,114 $140,841 $381,386 $1,167 $1,744,243 
Special Mention4,567 — 1,301 1,740 2,066 7,323 — 16,997 
Substandard3,219 160 133 6,110 2,010 2,165 — 13,797 
Doubtful— — — — — — — — 
Total$399,126 $328,817 $242,172 $267,964 $144,917 $390,874 $1,167 $1,775,037 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$366,096 $439,468 $113,713 $34,340 $14,816 $— $119,727 $1,088,160 
Special Mention1,073 — — — — — 795 1,868 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total$367,169 $439,468 $113,713 $34,340 $14,816 $— $120,522 $1,090,028 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Business:
Pass$330,598 $223,245 $95,787 $105,922 $77,891 $78,009 $508,839 $1,420,291 
Special Mention127 458 1,107 7,787 498 322 13,225 23,524 
Substandard2,902 1,611 1,094 2,030 449 2,121 1,863 12,070 
Doubtful— — — — — — — — 
Total$333,627 $225,314 $97,988 $115,739 $78,838 $80,452 $523,927 $1,455,885 
Current period gross charge-offs$174 $— $— $— $138 $404 $— $716 
Residential Mortgage:
Beacon score:
660-850$330,109 $344,062 $171,330 $41,883 $51,651 $262,570 $— $1,201,605 
600-6594,571 6,196 1,173 3,925 6,041 24,006 — 45,912 
540-599369 4,013 1,439 1,256 1,931 6,945 — 15,953 
less than 5401,860 3,036 2,892 3,822 2,347 10,506 — 24,463 
Total$336,909 $357,307 $176,834 $50,886 $61,970 $304,027 $— $1,287,933 
Current period gross charge-offs$— $— $— $— $24 $131 $— $155 
Residential Construction:
Beacon score:
660-850$131,259 $75,844 $12,133 $150 $1,432 $1,245 $— $222,063 
600-659908 373 — — — — — 1,281 
540-599609 — — — — — — 609 
less than 540— 819 — — — — — 819 
Total$132,776 $77,036 $12,133 $150 $1,432 $1,245 $— $224,772 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$6,689 $2,346 $1,201 $2,147 $2,047 $23,170 $359,468 $397,068 
600-659658 467 59 198 664 5,459 11,269 18,774 
540-599123 56 — 465 316 2,802 3,824 7,586 
less than 540156 57 40 133 209 2,918 6,016 9,529 
Total$7,626 $2,926 $1,300 $2,943 $3,236 $34,349 $380,577 $432,957 
Current period gross charge-offs$— $5 $15 $— $13 $20 $181 $234 
Total loans$3,120,897 $2,647,414 $1,339,364 $1,039,363 $649,024 $1,559,209 $1,041,435 $11,396,706 
Schedule of Loans Modified
The following table presents the amounts at the end of the reporting period of the loans modified during the period to borrowers experiencing financial difficulty, disaggregated by the loan portfolio segment and type of modification granted:

For the six months ended June 30, 2023
Interest rate reductionTerm extensionTotal
(in thousands)Amount% of total loan segmentAmount% of total loan segmentAmount% of total loan segment
Commercial Investor R/E$28,340 0.6 %$553 — %$28,893 0.6 %
Commercial Owner-Occupied R/E— — %2,000 0.1 %2,000 0.1 %
Commercial AD&C— — %350 — %350 — %
Commercial Business— — %950 0.1 %950 0.1 %
All Other loans— — %— — %— — %
Total$28,340 0.2 %$3,853 — %$32,193 0.3 %
The following table describes the financial effect of the modifications granted to borrowers experiencing financial difficulty during the six months ended June 30, 2023:

Interest rate reductionTerm extension
Commercial Investor R/E
Reduced weighted average contractual interest rate from 8% to 5%
Added a weighted average of 5 months to the life of loans
Commercial Owner-Occupied R/E—
Added a weighted average of 8 months to the life of loans
Commercial AD&C—
Added a weighted average of 9 months to the life of loans
Commercial Business—
Added a weighted average of 8 months to the life of loans
The following table presents the performance of loans that have been modified during the six months ended June 30, 2023:

For the six months ended June 30, 2023
(in thousands)Current30-89 days past due90+ days past dueNon-accrualTotal
Commercial Investor R/E$28,680 $213 $— $— $28,893 
Commercial Owner-Occupied R/E2,000 — — — 2,000 
Commercial AD&C350 — — — 350 
Commercial Business950 — — — 950 
All Other loans— — — — — 
Total$31,980 $213 $— $— $32,193