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CREDIT QUALITY ASSESSMENT (Tables)
 12 Months Ended
Dec. 31, 2023
Credit Loss [Abstract]  
Allowance For Credit Loss Activity
Summary information on the allowance for credit loss activity for the years ended December 31 is provided in the following table:

(In thousands)202320222021
Balance at beginning of year$136,242 $109,145 $165,367 
Provision/ (credit) for credit losses - loans(13,894)26,680 (45,556)
Loans charge-offs(2,614)(1,105)(12,313)
Loans recoveries1,131 1,522 1,647 
Net (charge-offs)/ recoveries(1,483)417 (10,666)
Balance at period end$120,865 $136,242 $109,145 
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)20232022
Collateral dependent loans individually evaluated for credit loss with an allowance$72,179 $9,743 
Collateral dependent loans individually evaluated for credit loss without an allowance15,989 16,454 
Total individually evaluated collateral dependent loans$88,168 $26,197 
Allowance for credit losses related to loans evaluated individually$24,000 $6,902 
Allowance for credit losses related to loans evaluated collectively96,865 129,340 
Total allowance for credit losses - loans$120,865 $136,242 
Activity in Allowance for Credit 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 years ended December 31:

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
Balance as of December 31, 2022
$64,737 $11,646 $18,646 $28,027 $9,424 $1,337 $2,425 $136,242 
Provision/ (credit) for credit losses - loans(3,323)(4,215)(10,359)4,051 (488)(608)1,048 (13,894)
Charge-offs— — — (449)(160)— (2,005)(2,614)
Recoveries25 105 — 303 114 — 584 1,131 
Net (charge-offs)/ recoveries25 105 — (146)(46)— (1,421)(1,483)
Balance at end of period$61,439 $7,536 $8,287 $31,932 $8,890 $729 $2,052 $120,865 
Total loans$5,104,425 $1,755,235 $988,967 $1,504,880 $1,474,521 $121,419 $417,542 $11,366,989 
Allowance for credit losses on loans to total loans ratio1.20 %0.43 %0.84 %2.12 %0.60 %0.60 %0.49 %1.06 %
Average loans$5,133,279 $1,766,839 $1,023,669 $1,440,382 $1,380,496 $187,599 $421,963 $11,354,227 
Net charge-offs/ (recoveries) to average loans— %(0.01)%— %0.01 %— %— %0.34 %0.01 %
Balance of loans individually evaluated for credit loss$72,218 $4,640 $1,259 $10,051 $— $— $— $88,168 
Allowance related to loans evaluated individually$15,353 $1,159 $102 $7,386 $— $— $— $24,000 
Individual allowance to loans evaluated individually ratio21.26 %24.98 %8.10 %73.49 %— %— %— %27.22 %
Contractual balance of individually evaluated loans$72,712 $5,623 $1,270 $11,500 $— $— $— $91,105 
Balance of loans collectively evaluated for credit loss$5,032,207 $1,750,595 $987,708 $1,494,829 $1,474,521 $121,419 $417,542 $11,278,821 
Allowance related to loans evaluated collectively$46,086 $6,377 $8,185 $24,546 $8,890 $729 $2,052 $96,865 
Collective allowance to loans evaluated collectively ratio0.92 %0.36 %0.83 %1.64 %0.60 %0.60 %0.49 %0.86 %

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
Balance as of December 31, 2021
$45,289 $11,687 $20,322 $23,170 $5,384 $1,048 $2,245 $109,145 
Provision/ (credit) 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 Nonaccrual Related Information
The following table presents average principal balance of total non-accrual loans and contractual interest due on non-accrual loans for the periods indicated below:

2023
Commercial Real EstateResidential Real EstateTotal

(In thousands)
Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
Average non-accrual loans for the period$28,650 $4,795 $812 $9,640 $10,547 $223 $4,146 $58,813 
Contractual interest income due on non-accrual loans during the period$760 $298 $41 $716 $432 $6 $299 $2,552 

2022
Commercial Real EstateResidential Real EstateTotal

(In thousands)
Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
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 
Schedule of Information on the Credit Quality of Loan Portfolio
The following tables provide information on the credit quality of the loan portfolio by segment at December 31 for the years indicated:

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-accrual62,725 — 2,111 6,271 7,871 449 2,450 81,877 
Non-accrual balances transferred to OREO— — — — — — — — 
Non-accrual balances charged-off— — — (441)(160)— (1,757)(2,358)
Net payments or draws(14,010)(379)(852)(2,588)(1,667)(6)(1,528)(21,030)
Non-accrual loans brought current— — — (513)(1,151)— (122)(1,786)
Balance at end of period$58,658 $4,640 $1,259 $10,051 $12,332 $443 $4,102 $91,485 

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
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		Consumer


Total
Performing loans:
Current$5,044,647 $1,748,449 $986,859 $1,494,426 $1,445,785 $118,976 $409,607 $11,248,749 
30-59 days1,120 2,056 849 383 14,026 2,000 3,298 23,732 
60-89 days— 90 — — 2,036 — 535 2,661 
Total performing loans5,045,767 1,750,595 987,708 1,494,809 1,461,847 120,976 413,440 11,275,142 
Non-performing loans:
Non-accrual loans58,658 4,640 1,259 10,051 12,332 443 4,102 91,485 
Loans greater than 90 days past due— — — 20 342 — — 362 
Restructured loans— — — — — — — — 
Total non-performing loans58,658 4,640 1,259 10,071 12,674 443 4,102 91,847 
Total loans$5,104,425 $1,755,235 $988,967 $1,504,880 $1,474,521 $121,419 $417,542 $11,366,989 

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		Consumer

Total
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 
Information about Credit Quality Indicators by the Year of Origination
The following tables provide information about credit quality indicators by the year of origination:
 2023
 Term Loans by Origination YearRevolving 
(In thousands)20232022202120202019PriorLoansTotal
Commercial Investor R/E:        
Pass$405,740 $1,395,973 $1,195,708 $634,361 $511,146 $848,958 $23,653 $5,015,539 
Special Mention9,250 — 316 — — 1,978 — 11,544 
Substandard30,792 465 30,927 — — 14,410 748 77,342 
Doubtful— — — — — — — — 
Total$445,782 $1,396,438 $1,226,951 $634,361 $511,146 $865,346 $24,401 $5,104,425 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Owner-Occupied R/E:
Pass$136,072 $361,247 $318,269 $238,761 $235,145 $428,846 $5,621 $1,723,961 
Special Mention406 70 2,240 875 2,267 8,616 — 14,474 
Substandard2,562 3,634 801 343 5,866 3,594 — 16,800 
Doubtful— — — — — — — — 
Total$139,040 $364,951 $321,310 $239,979 $243,278 $441,056 $5,621 $1,755,235 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$334,918 $288,732 $178,889 $28,954 $— $— $155,889 $987,382 
Special Mention— — — — — — — — 
Substandard1,016 569 — — — — — 1,585 
Doubtful— — — — — — — — 
Total$335,934 $289,301 $178,889 $28,954 $— $— $155,889 $988,967 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Business:
Pass$247,081 $344,034 $202,020 $92,198 $62,413 $118,061 $410,856 $1,476,663 
Special Mention532 45 180 1,037 1,040 294 3,635 6,763 
Substandard6,725 2,073 2,281 917 1,925 1,571 5,962 21,454 
Doubtful— — — — — — — — 
Total$254,338 $346,152 $204,481 $94,152 $65,378 $119,926 $420,453 $1,504,880 
Current period gross charge-offs$— $9 $324 $— $— $116 $— $449 
Residential Mortgage:
Beacon score:
660-850$31,853 $476,631 $394,414 $166,387 $41,473 $266,927 $— $1,377,685 
600-659781 7,022 18,284 2,009 1,882 24,040 — 54,018 
540-599— 1,545 2,698 2,371 1,891 9,377 — 17,882 
less than 540229 2,042 3,351 2,424 2,533 14,357 — 24,936 
Total$32,863 $487,240 $418,747 $173,191 $47,779 $314,701 $— $1,474,521 
Current period gross charge-offs$— $— $43 $— $10 $107 $— $160 
Residential Construction:
Beacon score:
660-850$21,975 $68,273 $21,897 $2,478 $150 $— $— $114,773 
600-6591,641 500 1,319 1,500 — 1,243 — 6,203 
540-599443 — — — — — — 443 
less than 540— — — — — — — — 
Total$24,059 $68,773 $23,216 $3,978 $150 $1,243 $— $121,419 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$11,452 $4,960 $1,823 $519 $1,662 $24,543 $333,382 $378,341 
600-6591,209 192 237 425 209 3,954 12,668 18,894 
540-59924 374 87 47 500 2,868 5,920 9,820 
less than 540384 215 132 50 288 2,803 6,615 10,487 
Total$13,069 $5,741 $2,279 $1,041 $2,659 $34,168 $358,585 $417,542 
Current period gross charge-offs$— $20 $28 $— $15 $1,735 $207 $2,005 
Total loans$1,245,085 $2,958,596 $2,375,873 $1,175,656 $870,390 $1,776,440 $964,949 $11,366,989 
 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 
Restructured Loans for Specific Segments of Loan Portfolio
The following table presents the amount of the loans modified during the year ended December 31, 2023 to borrowers experiencing financial difficulty, disaggregated by the loan portfolio segment, type of modification granted and the financial effect of loans modified:

For the Year Ended December 31, 2023
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$28,970 $9,778 $13,560 $52,308 1.0 %1.5 %15 Months
Commercial Owner-Occupied R/E— 2,808 — 2,808 0.2 %— %14 Months
Commercial AD&C— 1,016 — 1,016 0.1 %— %9 Months
Commercial Business233 5,496 — 5,729 0.4 %0.3 %14 Months
All Other loans— — — — — %— %— 
Total$29,203 $19,098 $13,560 $61,861 0.5 %
The following table presents the performance of loans that have been modified during the year ended December 31, 2023:

For the Year Ended December 31, 2023
(in thousands)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$51,560 $— $748 $52,308 
Commercial Owner-Occupied R/E2,808 — — 2,808 
Commercial AD&C327 — 689 1,016 
Commercial Business5,408 88 233 5,729 
All Other loans— — — — 
Total$60,103 $88 $1,670 $61,861 
Summary of Impaired Loans
The following table provides the amounts of the restructured loans at the date of restructuring for specific segments of the loan portfolio during the period indicated:
For the Year Ended December 31, 2022
Commercial Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		All Other
Loans		Total
Troubled debt restructurings:
Restructured accruing$— $— $— $439 $— $439 
Restructured non-accruing— — — 1,269 — 1,269 
Balance$— $— $— $1,708 $— $1,708 
Specific allowance$— $— $— $1,233 $— $1,233 
Restructured and subsequently defaulted$— $— $— $— $— $—