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CREDIT QUALITY ASSESSMENT (Tables)
 3 Months Ended
Mar. 31, 2024
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:
 Three Months Ended March 31,
(In thousands)20242023
Balance at beginning of period$120,865 $136,242 
Provision/ (credit) for credit losses - loans (1)
3,331 (18,945)
Loan charge-offs(1,620)(171)
Loan recoveries520 487 
Net charge-offs(1,100)316 
Balance at period end$123,096 $117,613 
 (1) Excludes the total credit to the provision on unfunded loan commitments for the three months ended March 31, 2024 and March 31, 2023 of $0.9 million and $2.6 million, respectively.
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)March 31, 2024December 31, 2023
Collateral dependent loans individually evaluated for credit loss with an allowance$69,068 $72,179 
Collateral dependent loans individually evaluated for credit loss without an allowance12,047 15,989 
Total individually evaluated collateral dependent loans$81,115 $88,168 
Allowance for credit losses related to loans evaluated individually$20,889 $24,000 
Allowance for credit losses related to loans evaluated collectively102,207 96,865 
Total allowance for credit losses - loans$123,096 $120,865 
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 Three Months Ended March 31, 2024
 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$61,439 $7,536 $8,287 $31,932 $8,890 $729 $2,052 $120,865 
Provision/ (credit) for credit losses - loans2,858 (656)2,275 (1,345)195 (306)310 3,331 
Charge-offs(1)— — (1,551)— — (68)(1,620)
Recoveries3 27 283 1 6 — 200 520 
Net (charge-offs)/ recoveries2 27 283 (1,550)6 — 132 (1,100)
Balance at end of period$64,299 $6,907 $10,845 $29,037 $9,091 $423 $2,494 $123,096 
Total loans$4,997,879 $1,741,113 $1,090,259 $1,509,592 $1,511,624 $97,685 $416,132 $11,364,284 
Allowance for credit losses on loans to total loans ratio1.29 %0.40 %0.99 %1.92 %0.60 %0.43 %0.60 %1.08 %
Average loans$5,057,334 $1,746,042 $1,030,763 $1,508,336 $1,491,277 $110,456 $417,539 $11,361,747 
Annualized net charge-offs/ (recoveries) to average loans— %(0.01)%(0.11)%0.41 %— %— %(0.13)%0.04 %
Balance of loans individually evaluated for credit loss$69,000 $4,394 $557 $7,164 $— $— $— $81,115 
Allowance related to loans evaluated individually$14,874 $1,126 $102 $4,787 $— $— $— $20,889 
Individual allowance to loans evaluated individually ratio21.56 %25.63 %18.31 %66.82 %— %— %— %25.75 %
Contractual balance of individually evaluated loans$69,831 $5,416 $581 $9,535 $— $— $— $85,363 
Balance of loans collectively evaluated for credit loss$4,928,879 $1,736,719 $1,089,702 $1,502,428 $1,511,624 $97,685 $416,132 $11,283,169 
Allowance related to loans evaluated collectively$49,425 $5,781 $10,743 $24,250 $9,091 $423 $2,494 $102,207 
Collective allowance to loans evaluated collectively ratio1.00 %0.33 %0.99 %1.61 %0.60 %0.43 %0.60 %0.91 %

 For the Year Ended December 31, 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 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 %
Schedule of Information on the Credit Quality of Loan Portfolio
The following tables provide information on the credit quality of the loan portfolio for the periods indicated below:
 For the Three Months Ended March 31, 2024
 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$58,658 $4,640 $1,259 $10,051 $12,332 $443 $4,102 $91,485 
Loans placed on non-accrual715 — — 25 362 — 388 1,490 
Non-accrual balances transferred to OREO(2,700)— — — — — — (2,700)
Non-accrual balances charged-off(1)— — (1,549)— — — (1,550)
Net payments or draws(1,093)(246)(703)(1,363)(288)99 (423)(4,017)
Non-accrual loans brought current— — — — (571)— (56)(627)
Balance at end of period$55,579 $4,394 $556 $7,164 $11,835 $542 $4,011 $84,081 


 For the Year 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
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 
Credit Quality of Loan Portfolio by Segment
 March 31, 2024
 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$4,932,570 $1,729,205 $1,083,907 $1,499,245 $1,486,341 $96,404 $410,662 $11,238,334 
30-59 days9,681 1,538 5,796 1,658 12,336 739 989 32,737 
60-89 days49 5,976 — 1,505 772 — 470 8,772 
Total performing loans4,942,300 1,736,719 1,089,703 1,502,408 1,499,449 97,143 412,121 11,279,843 
Non-performing loans:
Non-accrual loans55,579 4,394 556 7,164 11,835 542 4,011 84,081 
Loans greater than 90 days past due— — — 20 340 — — 360 
Total non-performing loans55,579 4,394 556 7,184 12,175 542 4,011 84,441 
Total loans$4,997,879 $1,741,113 $1,090,259 $1,509,592 $1,511,624 $97,685 $416,132 $11,364,284 
 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
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 
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 
Table of Average Principal Balance of the Total Non-Accrual Loans and Contractual Interest Due
The following tables present the average principal balance of total non-accrual loans and contractual interest due on non-accrual loans for the periods indicated below:
 For the Three Months Ended March 31, 2024
 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$57,119 $4,517 $908 $8,608 $12,084 $493 $4,057 $87,786 
Contractual interest income due on non-
accrual loans during the period
$923 $71 $14 $154 $149 $6 $97 $1,414 

 For the Year 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
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 
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 March 31, 2024:
 March 31, 2024
 Term Loans by Origination YearRevolving 
(In thousands)20242023202220212020PriorLoansTotal
Commercial Investor R/E:        
Pass$109,352 $361,098 $1,345,217 $1,168,206 $599,290 $1,294,814 $26,478 $4,904,455 
Special Mention861 6,229 — 723 1,005 7,148 — 15,966 
Substandard24,391 10,166 461 28,036 — 14,404 — 77,458 
Doubtful— — — — — — — — 
Total$134,604 $377,493 $1,345,678 $1,196,965 $600,295 $1,316,366 $26,478 $4,997,879 
Current period gross charge-offs$— $— $— $1 $— $— $— $1 
Commercial Owner-Occupied R/E:
Pass$35,074 $121,759 $355,379 $311,954 $236,043 $649,493 $5,644 $1,715,346 
Special Mention— 2,162 69 2,234 872 5,108 — 10,445 
Substandard— 586 2,858 797 340 10,741 — 15,322 
Doubtful— — — — — — — — 
Total$35,074 $124,507 $358,306 $314,985 $237,255 $665,342 $5,644 $1,741,113 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$92,911 $327,688 $356,865 $172,284 $5,429 $— $133,678 $1,088,855 
Special Mention— — — — — — 525 525 
Substandard122 323 434 — — — — 879 
Doubtful— — — — — — — — 
Total$93,033 $328,011 $357,299 $172,284 $5,429 $— $134,203 $1,090,259 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial Business:
Pass$78,623 $217,077 $335,793 $176,699 $86,378 $171,698 $418,680 $1,484,948 
Special Mention177 647 130 491 762 1,198 3,350 6,755 
Substandard87 5,339 1,072 2,234 949 2,590 5,618 17,889 
Doubtful— — — — — — — — 
Total$78,887 $223,063 $336,995 $179,424 $88,089 $175,486 $427,648 $1,509,592 
Current period gross charge-offs$— $— $612 $— $— $939 $— $1,551 
Residential Mortgage:
Beacon score:
660-850$7,224 $38,452 $498,423 $394,110 $162,827 $304,763 $— $1,405,799 
600-659293 613 15,375 17,473 4,305 24,462 — 62,521 
540-599— 1,203 357 3,566 2,437 9,714 — 17,277 
less than 540278 227 2,032 4,892 1,623 16,975 — 26,027 
Total$7,795 $40,495 $516,187 $420,041 $171,192 $355,914 $— $1,511,624 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Residential Construction:
Beacon score:
660-850$1,768 $25,593 $42,790 $19,872 $1,956 $1,458 $— $93,437 
600-659542 346 1,817 — 1,500 — — 4,205 
540-59943 — — — — — — 43 
less than 540— — — — — — — — 
Total$2,353 $25,939 $44,607 $19,872 $3,456 $1,458 $— $97,685 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$1,409 $10,606 $4,476 $1,717 $740 $25,997 $331,206 $376,151 
600-65911 1,154 357 94 241 3,873 14,047 19,777 
540-59913 477 284 73 34 2,298 4,460 7,639 
less than 54076 356 332 298 117 2,760 8,626 12,565 
Total$1,509 $12,593 $5,449 $2,182 $1,132 $34,928 $358,339 $416,132 
Current period gross charge-offs$— $— $— $5 $— $11 $52 $68 
Total loans$353,255 $1,132,101 $2,964,521 $2,305,753 $1,106,848 $2,549,494 $952,312 $11,364,284 
 The following table provides information about credit quality indicators by the year of origination as of December 31, 2023:
 December 31, 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 
Schedule of Loans Modified
The following table presents the amount of the loans modified during the periods indicated below to borrowers experiencing financial difficulty, disaggregated by the loan portfolio segment, type of modification granted and the financial effect of loans modified:

For the Three Months Ended March 31, 2024
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$— $25,252 $— $25,252 0.5 %— %6 Months
Commercial Owner-Occupied R/E— — — — — %— %— 
Commercial AD&C— 122 — 122 — %— %17 Months
Commercial Business— 87 143 230 — %0.4 %27 Months
All Other loans— 542 — 542 — %— %9 Months
Total$— $26,003 $143 $26,146 0.2 %

For the Three Months Ended March 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$— $68 $— $68 — %— %6 Months
Commercial Owner-Occupied R/E— — — — — %— %— 
Commercial AD&C— — — — — %— %— 
Commercial Business— 94 — 94 — %— %12 Months
All Other loans— — — — — %— %— 
Total$— $162 $— $162 — %
The following table presents the performance of loans that have been modified during the periods indicated:

For the three months ended March 31, 2024
(in thousands)Current30-89 days past due90+ days past dueNon-accrualTotal
Commercial Investor R/E$25,252 $— $— $— $25,252 
Commercial Owner-Occupied R/E— — — — — 
Commercial AD&C122 — — — 122 
Commercial Business230 — — — 230 
All Other loans542 — — — 542 
Total$26,146 $— $— $— $26,146 

For the three months ended March 31, 2023
(in thousands)Current30-89 days past due90+ days past dueNon-accrualTotal
Commercial Investor R/E$68 $— $— $— $68 
Commercial Owner-Occupied R/E— — — — — 
Commercial AD&C— — — — — 
Commercial Business94 — — — 94 
All Other loans— — — — — 
Total$162 $— $— $— $162