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CREDIT QUALITY ASSESSMENT (Tables)
 9 Months Ended
Sep. 30, 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:
 Nine Months Ended September 30,
(In thousands)20242023
Balance at beginning of period$120,865 $136,242 
Provision/ (credit) for credit losses - loans (1)
12,602 (11,320)
Loan charge-offs(2,810)(2,518)
Loan recoveries771 956 
Net charge-offs(2,039)(1,562)
Balance at period end$131,428 $123,360 
 (1) Excludes the total credit to the provision on unfunded loan commitments for the nine months ended September 30, 2024 and September 30, 2023 of $2.9 million and $2.8 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)September 30, 2024December 31, 2023
Collateral dependent loans individually evaluated for credit loss with an allowance$96,088 $72,179 
Collateral dependent loans individually evaluated for credit loss without an allowance25,131 15,989 
Total individually evaluated collateral dependent loans$121,219 $88,168 
Allowance for credit losses related to loans evaluated individually$37,326 $24,000 
Allowance for credit losses related to loans evaluated collectively94,102 96,865 
Total allowance for credit losses - loans$131,428 $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 Nine Months Ended September 30, 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 - loans(6,616)(1,296)19,008 805 355 (420)766 12,602 
Charge-offs(401)— (135)(1,803)(50)— (421)(2,810)
Recoveries9 81 330 31 52 — 268 771 
Net (charge-offs)/ recoveries(392)81 195 (1,772)2 — (153)(2,039)
Balance at end of period$54,431 $6,321 $27,490 $30,965 $9,247 $309 $2,665 $131,428 
Total loans$4,868,467 $1,737,327 $1,255,609 $1,620,926 $1,529,786 $53,639 $426,167 $11,491,921 
Allowance for credit losses on loans to total loans ratio1.12 %0.36 %2.19 %1.91 %0.60 %0.58 %0.63 %1.14 %
Average loans$4,964,914 $1,740,608 $1,139,517 $1,546,498 $1,512,209 $87,177 $418,591 $11,409,514 
Annualized net charge-offs/ (recoveries) to average loans0.01 %(0.01)%(0.02)%0.15 %— %— %0.05 %0.02 %
Balance of loans individually evaluated for credit loss$70,720 $9,639 $31,816 $9,044 $— $— $— $121,219 
Allowance related to loans evaluated individually$16,286 $1,059 $13,444 $6,537 $— $— $— $37,326 
Individual allowance to loans evaluated individually ratio23.03 %10.99 %42.26 %72.28 %— %— %— %30.79 %
Contractual balance of individually evaluated loans$72,313 $10,803 $31,829 $10,236 $— $— $— $125,181 
Balance of loans collectively evaluated for credit loss$4,797,747 $1,727,688 $1,223,793 $1,611,882 $1,529,786 $53,639 $426,167 $11,370,702 
Allowance related to loans evaluated collectively$38,145 $5,262 $14,046 $24,428 $9,247 $309 $2,665 $94,102 
Collective allowance to loans evaluated collectively ratio0.80 %0.30 %1.15 %1.52 %0.60 %0.58 %0.63 %0.83 %

 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 Nine Months Ended September 30, 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-accrual5,342 5,397 31,694 3,087 1,496 — 1,179 48,195 
Non-accrual balances transferred to OREO(3,265)— — — — — — (3,265)
Non-accrual balances charged-off(402)— (134)(1,801)— — — (2,337)
Net payments or draws(2,755)(398)(1,003)(2,293)(1,261)96 (925)(8,539)
Non-accrual loans brought current— — — — (571)— (98)(669)
Balance at end of period$57,578 $9,639 $31,816 $9,044 $11,996 $539 $4,258 $124,870 


 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
 September 30, 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$4,804,222 $1,726,532 $1,221,424 $1,610,802 $1,503,638 $51,100 $419,921 $11,337,639 
30-59 days5,882 1,156 2,369 1,030 12,826 2,000 1,335 26,598 
60-89 days785 — — 50 927 — 653 2,415 
Total performing loans4,810,889 1,727,688 1,223,793 1,611,882 1,517,391 53,100 421,909 11,366,652 
Non-performing loans:
Non-accrual loans57,578 9,639 31,816 9,044 11,996 539 4,258 124,870 
Loans greater than 90 days past due— — — — 399 — — 399 
Total non-performing loans57,578 9,639 31,816 9,044 12,395 539 4,258 125,269 
Total loans$4,868,467 $1,737,327 $1,255,609 $1,620,926 $1,529,786 $53,639 $426,167 $11,491,921 
 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 Nine Months Ended September 30, 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$56,218 $7,812 $11,500 $8,221 $12,019 $540 $4,223 $100,533 
Contractual interest income due on non-
accrual loans during the period
$2,677 $394 $144 $491 $463 $20 $310 $4,499 

 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 September 30, 2024:
 September 30, 2024
 Term Loans by Origination YearRevolving 
(In thousands)20242023202220212020PriorLoansTotal
Commercial Investor R/E:        
Pass$260,574 $298,081 $1,320,775 $1,124,987 $547,597 $1,135,568 $23,369 $4,710,951 
Special Mention— — 4,100 — 18,957 37,849 — 60,906 
Substandard— — — 32,867 5,881 57,862 — 96,610 
Doubtful— — — — — — — — 
Total$260,574 $298,081 $1,324,875 $1,157,854 $572,435 $1,231,279 $23,369 $4,868,467 
Current period gross charge-offs$— $— $— $357 $— $44 $— $401 
Commercial Owner-Occupied R/E:
Pass$138,665 $107,779 $337,859 $307,138 $225,020 $573,158 $5,826 $1,695,445 
Special Mention— 3,111 1,787 57 953 9,795 — 15,703 
Substandard— — 2,296 2,895 332 20,656 — 26,179 
Doubtful— — — — — — — — 
Total$138,665 $110,890 $341,942 $310,090 $226,305 $603,609 $5,826 $1,737,327 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$271,589 $281,782 $324,070 $132,419 $— $— $189,667 $1,199,527 
Special Mention— 1,673 — 22,593 — — — 24,266 
Substandard— — 27,994 893 1,571 1,358 — 31,816 
Doubtful— — — — — — — — 
Total$271,589 $283,455 $352,064 $155,905 $1,571 $1,358 $189,667 $1,255,609 
Current period gross charge-offs$— $— $135 $— $— $— $— $135 
Commercial Business:
Pass$272,957 $158,931 $297,879 $173,027 $76,056 $152,933 $441,806 $1,573,589 
Special Mention364 448 5,800 2,794 269 895 18,557 29,127 
Substandard150 3,173 1,301 1,515 681 5,485 5,905 18,210 
Doubtful— — — — — — — — 
Total$273,471 $162,552 $304,980 $177,336 $77,006 $159,313 $466,268 $1,620,926 
Current period gross charge-offs$— $— $212 $231 $— $1,360 $— $1,803 
Residential Mortgage:
Beacon score:
660-850$24,440 $43,161 $520,653 $398,546 $160,929 $277,431 $— $1,425,160 
600-659647 1,629 8,990 15,456 2,409 24,345 — 53,476 
540-599— 1,497 3,237 2,897 3,126 10,994 — 21,751 
less than 540— 731 2,180 6,283 1,864 18,341 — 29,399 
Total$25,087 $47,018 $535,060 $423,182 $168,328 $331,111 $— $1,529,786 
Current period gross charge-offs$— $— $— $50 $— $— $— $50 
Residential Construction:
Beacon score:
660-850$7,686 $18,354 $15,032 $6,614 $749 $150 $— $48,585 
600-659— — 1,107 — — 1,308 — 2,415 
540-599539 — — — — — — 539 
less than 540100 — 500 — 1,500 — — 2,100 
Total$8,325 $18,354 $16,639 $6,614 $2,249 $1,458 $— $53,639 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$12,252 $8,048 $3,801 $1,520 $722 $26,061 $332,190 $384,594 
600-659276 2,069 295 16 36 2,201 16,692 21,585 
540-59962 160 801 154 50 2,048 4,191 7,466 
less than 54089 772 333 253 177 3,084 7,814 12,522 
Total$12,679 $11,049 $5,230 $1,943 $985 $33,394 $360,887 $426,167 
Current period gross charge-offs$— $4 $— $5 $— $16 $396 $421 
Total loans$990,390 $931,399 $2,880,790 $2,232,924 $1,048,879 $2,361,522 $1,046,017 $11,491,921 
 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 September 30, 2024
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$— $29,477 $— $29,477 0.6 %— %5 Months
Commercial Owner-Occupied R/E— 5,504 — 5,504 0.3 %— %6 Months
Commercial AD&C1,673 — — 1,673 0.1 %2.0 %—
Commercial Business14 16,229 305 16,548 1.0 %1.7 %8 Months
All Other loans— — — — — %— %—
Total$1,687 $51,210 $305 $53,202 0.5 %

For the Three Months Ended September 30, 2023
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$748 $4,591 $13,696 $19,035 0.4 %1.6 %7 Months
Commercial Owner-Occupied R/E— 859 — 859 — %— %5 Months
Commercial AD&C— — — — — %— %—
Commercial Business— 3,587 — 3,587 0.2 %— %8 Months
All Other loans— — — — — %— %—
Total$748 $9,037 $13,696 $23,481 0.2 %
For the Nine Months Ended September 30, 2024
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$— $35,924 $— $35,924 0.7 %— %11 Months
Commercial Owner-Occupied R/E— 5,974 — 5,974 0.3 %— %6 Months
Commercial AD&C1,673 122 — 1,795 0.1 %2.0 %17 Months
Commercial Business21 16,520 385 16,926 1.0 %1.8 %13 Months
All Other loans— 539 — 539 — %— %9 Months
Total$1,694 $59,079 $385 $61,158 0.5 %
For the Nine Months Ended September 30, 2023
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$29,088 $6,998 $13,696 $49,782 1.0 %1.5 %12 Months
Commercial Owner-Occupied R/E— 3,573 — 3,573 0.2 %— %10 Months
Commercial AD&C— 1,039 — 1,039 0.1 %— %7 Months
Commercial Business— 5,438 — 5,438 0.4 %— %13 Months
All Other loans— — — — — %— %—
Total$29,088 $17,048 $13,696 $59,832 0.5 %
The following table presents the performance of loans that have been modified during the periods indicated:

For the Nine Months Ended September 30, 2024
(in thousands)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$29,458 $4,143 $2,323 $35,924 
Commercial Owner-Occupied R/E5,974 — — 5,974 
Commercial AD&C1,673 — 122 1,795 
Commercial Business16,395 481 50 16,926 
All Other loans— — 539 539 
Total$53,500 $4,624 $3,034 $61,158 

For the Nine Months Ended September 30, 2023
(in thousands)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$48,548 $1,234 $— $49,782 
Commercial Owner-Occupied R/E3,234 339 — 3,573 
Commercial AD&C350 689 — 1,039 
Commercial Business5,438 — — 5,438 
All Other loans— — — — 
Total$57,570 $2,262 $— $59,832