Note 9 - Loans (Tables)
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6 Months Ended |
Jun. 30, 2023 |
Notes Tables |
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Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
| | June 30, 2023 | | | December 31, 2022 | |
| | (In thousands) | |
| | | | | | | | |
Commercial loans | | $ | 3,317,868 | | | $ | 3,318,778 | |
Real estate construction loans | | | 521,673 | | | | 559,372 | |
Commercial mortgage loans | | | 9,293,475 | | | | 8,793,685 | |
Residential mortgage loans | | | 5,542,466 | | | | 5,252,952 | |
Equity lines | | | 272,055 | | | | 324,548 | |
Installment and other loans | | | 5,257 | | | | 4,689 | |
Gross loans | | $ | 18,952,794 | | | $ | 18,254,024 | |
Allowance for loan losses | | | (155,109 | ) | | | (146,485 | ) |
Unamortized deferred loan fees, net | | | (9,497 | ) | | | (6,641 | ) |
Total loans, net | | $ | 18,788,188 | | | $ | 18,100,898 | |
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Financing Receivable, Nonaccrual [Table Text Block] |
| | Three Months Ended | | | Six Months Ended | |
| | June 30, 2023 | | | June 30, 2023 | |
| | Average Recorded Investment | | | Interest Income Recognized | | | Average Recorded Investment | | | Interest Income Recognized | |
| | (In thousands) | |
| | | | | | | | | | | | | | | | |
Commercial loans | | $ | 20,518 | | | $ | 4 | | | $ | 21,948 | | | $ | 7 | |
Real estate construction loans | | | — | | | | — | | | | — | | | | — | |
Commercial mortgage loans | | | 39,069 | | | | 166 | | | | 37,650 | | | | 397 | |
Residential mortgage loans and equity lines | | | 11,741 | | | | — | | | | 10,858 | | | | — | |
Installment and other loans | | | — | | | | — | | | | 1 | | | | — | |
Total non-accrual loans | | $ | 71,328 | | | $ | 170 | | | $ | 70,457 | | | $ | 404 | |
| | Three Months Ended | | | Six Months Ended | |
| | June 30, 2022 | | | June 30, 2022 | |
| | Average Recorded Investment | | | Interest Income Recognized | | | Average Recorded Investment | | | Interest Income Recognized | |
| | (In thousands) | |
| | | | | | | | | | | | | | | | |
Commercial loans | | $ | 31,919 | | | $ | — | | | $ | 29,648 | | | $ | — | |
Real estate construction loans | | | — | | | | — | | | | — | | | | — | |
Commercial mortgage loans | | | 30,073 | | | | 126 | | | | 33,969 | | | | 317 | |
Residential mortgage loans and equity lines | | | 15,284 | | | | 7 | | | | 13,870 | | | | 14 | |
Installment and other loans | | | 43 | | | | — | | | | 22 | | | | — | |
Total non-accrual loans | | $ | 77,319 | | | $ | 133 | | | $ | 77,509 | | | $ | 331 | |
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Schedule of Nonaccrual Loans and Related Allowance and Charge Off [Table Text Block] |
| | June 30, 2023 | |
| | Unpaid Principal Balance | | | Recorded Investment | | | Allowance | |
| | (In thousands) | |
| | | | | | | | | | | | |
With no allocated allowance: | | | | | | | | | | | | |
Commercial loans | | $ | 17,132 | | | $ | 4,598 | | | $ | — | |
Commercial mortgage loans | | | 49,759 | | | | 39,558 | | | | — | |
Residential mortgage loans and equity lines | | | 12,618 | | | | 11,872 | | | | — | |
Subtotal | | $ | 79,509 | | | $ | 56,028 | | | $ | — | |
| | | | | | | | | | | | |
With allocated allowance: | | | | | | | | | | | | |
Commercial loans | | $ | 14,296 | | | $ | 12,976 | | | $ | 5,664 | |
Subtotal | | $ | 14,296 | | | $ | 12,976 | | | $ | 5,664 | |
Total non-accrual loans | | $ | 93,805 | | | $ | 69,004 | | | $ | 5,664 | |
| | December 31, 2022 | |
| | Unpaid Principal Balance | | | Recorded Investment | | | Allowance | |
| | (In thousands) | |
| | | | | | | | | | | | |
With no allocated allowance: | | | | | | | | | | | | |
Commercial loans | | $ | 27,341 | | | $ | 12,949 | | | $ | — | |
Commercial mortgage loans | | | 37,697 | | | | 32,205 | | | | — | |
Residential mortgage loans and equity lines | | | 9,626 | | | | 8,978 | | | | — | |
Installment and other loans | | | 9 | | | | 8 | | | | — | |
Subtotal | | $ | 74,673 | | | $ | 54,140 | | | $ | — | |
| | | | | | | | | | | | |
With allocated allowance: | | | | | | | | | | | | |
Commercial loans | | $ | 14,643 | | | $ | 12,823 | | | $ | 3,734 | |
Commercial mortgage loans | | | 1,896 | | | | 1,891 | | | | 207 | |
Subtotal | | $ | 16,539 | | | $ | 14,714 | | | $ | 3,941 | |
Total non-accrual loans | | $ | 91,212 | | | $ | 68,854 | | | $ | 3,941 | |
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Financing Receivable, Past Due [Table Text Block] |
| | June 30, 2023 | |
| | 30-59 Days Past Due | | | 60-89 Days Past Due | | | 90 Days or More Past Due | | | Non-accrual Loans | | | Total Past Due | | | Loans Not Past Due | | | Total | |
| | (In thousands) | |
Type of Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial loans | | $ | 1,767 | | | $ | 1,033 | | | $ | 194 | | | $ | 17,574 | | | $ | 20,568 | | | $ | 3,297,300 | | | $ | 3,317,868 | |
Real estate construction loans | | | 9,255 | | | | — | | | | — | | | | — | | | | 9,255 | | | | 512,418 | | | | 521,673 | |
Commercial mortgage loans | | | 1,591 | | | | 3,793 | | | | 5,774 | | | | 39,558 | | | | 50,716 | | | | 9,242,759 | | | | 9,293,475 | |
Residential mortgage loans and equity lines | | | 1,854 | | | | 7,701 | | | | — | | | | 11,872 | | | | 21,427 | | | | 5,793,094 | | | | 5,814,521 | |
Installment and other loans | | | — | | | | 8 | | | | — | | | | — | | | | 8 | | | | 5,249 | | | | 5,257 | |
Total loans | | $ | 14,467 | | | $ | 12,535 | | | $ | 5,968 | | | $ | 69,004 | | | $ | 101,974 | | | $ | 18,850,820 | | | $ | 18,952,794 | |
| | December 31, 2022 | |
| | 30-59 Days Past Due | | | 60-89 Days Past Due | | | 90 Days or More Past Due | | | Non-accrual Loans | | | Total Past Due | | | Loans Not Past Due | | | Total | |
| | (In thousands) | |
Type of Loans: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial loans | | $ | 8,192 | | | $ | 3,235 | | | $ | 10,208 | | | $ | 25,772 | | | $ | 47,407 | | | $ | 3,271,371 | | | $ | 3,318,778 | |
Real estate construction loans | | | — | | | | — | | | | — | | | | — | | | | — | | | | 559,372 | | | | 559,372 | |
Commercial mortgage loans | | | 25,772 | | | | — | | | | 1,372 | | | | 34,096 | | | | 61,240 | | | | 8,732,445 | | | | 8,793,685 | |
Residential mortgage loans and equity lines | | | 47,043 | | | | 5,685 | | | | — | | | | 8,978 | | | | 61,706 | | | | 5,515,794 | | | | 5,577,500 | |
Installment and other loans | | | 5 | | | | 1 | | | | — | | | | 8 | | | | 14 | | | | 4,675 | | | | 4,689 | |
Total loans | | $ | 81,012 | | | $ | 8,921 | | | $ | 11,580 | | | $ | 68,854 | | | $ | 170,367 | | | $ | 18,083,657 | | | $ | 18,254,024 | |
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Schedule Of Troubled Debt Restructurings [Table Text Block] |
| | Three Months Ended June 30, 2022 | | | June 30, 2022 | |
| | No. of Contracts | | | Pre-Modification Outstanding Recorded Investment | | | Post-Modification Outstanding Recorded Investment | | | Charge-offs | | | Specific Reserve | |
| | (In thousands) | |
| | | | | | | | | | | | | | | | | | | | |
Commercial loans | | | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Residential mortgage loans and equity lines | | | 1 | | | | 374 | | | | 374 | | | | — | | | | 3 | |
Total | | | 1 | | | $ | 374 | | | $ | 374 | | | $ | — | | | $ | 3 | |
| | Six Months Ended June 30, 2022 | | | June 30, 2022 | |
| | No. of Contracts | | | Pre-Modification Outstanding Recorded Investment | | | Post-Modification Outstanding Recorded Investment | | | Charge-offs | | | Specific Reserve | |
| | (In thousands) | |
| | | | | | | | | | | | | | | | | | | | |
Commercial loans | | | 4 | | | $ | 6,115 | | | $ | 6,115 | | | $ | — | | | $ | 2,566 | |
Residential mortgage loans and equity lines | | | 4 | | | | 720 | | | | 720 | | | | — | | | | 4 | |
Total | | | 8 | | | $ | 6,835 | | | $ | 6,835 | | | $ | — | | | $ | 2,570 | |
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Financing Receivable, Modified, Amortized Cost [Table Text Block] |
| | June 30, 2023 | |
| | Term Extension/ Payment Deferral | | | % of Total Loan Type | | | Rate Reduction | | | % of Total Loan Type | | | Rate Reduction and Payment Deferral | | | % of Total Loan Type | | | Total | | | % of Total Loan Type | |
| | (In thousands) | |
Loan Type | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial loans | | $ | — | | | | 0.00 | % | | $ | — | | | | 0.00 | % | | $ | 126 | | | | 0.00 | % | | $ | 126 | | | | 0.00 | % |
Total | | $ | — | | | | | | | $ | — | | | | | | | $ | 126 | | | | | | | $ | 126 | | | | | |
| | June 30, 2023 | | | | | | | Financial Effects of Loan Modifications | |
| | Term Extension/ Payment Deferral | | | Rate Reduction | | | Rate Reduction and Term Extension/ Payment Deferral | | | Total | | | Modification as a % of Loan Class | | | Weighted- Average Rate Reduction | | | Weighted- Average Term Extension (in Years) | | | Weighted-Average Payment Deferral (in Years) | |
| | (In thousands) | | | | | | | | | | | | | | | | | |
Loan Type | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial loans | | $ | — | | | $ | — | | | $ | 126 | | | $ | 126 | | | | 0.00 | % | | | 3.25 | | | | 0.75 | | | | 0.25 | |
Total | | $ | — | | | $ | — | | | $ | 126 | | | $ | 126 | | | | | | | | | | | | | | | | | |
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Financing Receivable, Modified, Performance [Table Text Block] |
| | Three months ended 6/30/2023 | |
| | Current | | | 30–89 Days Past Due | | | 90+ Days Past Due | | | Total | |
| | (In thousands) | |
Loan Type | | | | | | | | | | | | | | | | |
Commercial loans | | $ | 126 | | | $ | — | | | $ | — | | | $ | 126 | |
Total | | $ | 126 | | | $ | — | | | $ | — | | | $ | 126 | |
| | Six months ended 6/30/2023 | |
| | Current | | | 30–89 Days Past Due | | | 90+ Days Past Due | | | Total | |
| | (In thousands) | |
Loan Type | | | | | | | | | | | | | | | | |
Commercial loans | | $ | 126 | | | $ | — | | | $ | — | | | $ | 126 | |
Total | | $ | 126 | | | $ | — | | | $ | — | | | $ | 126 | |
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Financing Receivable, Modified [Table Text Block] |
| | December 31, 2022 | |
| | Payment Deferral | | | Rate Reduction | | | Rate Reduction and Payment Deferral | | | Total | |
| | (In thousands) | |
Accruing TDRs: | | | | | | | | | | | | | | | | |
Commercial loans | | $ | 2,588 | | | $ | — | | | $ | — | | | $ | 2,588 | |
Commercial mortgage loans | | | 2,791 | | | | — | | | | 5,855 | | | | 8,646 | |
Residential mortgage loans | | | 2,181 | | | | 445 | | | | 1,285 | | | | 3,911 | |
Total accruing TDRs | | $ | 7,560 | | | $ | 445 | | | $ | 7,140 | | | $ | 15,145 | |
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Non Accrual Troubled Debt Restructurings [Table Text Block] |
| | December 31, 2022 | |
| | Payment Deferral | | | Rate Reduction | | | Rate Reduction and Payment Deferral | | | Total | |
| | (In thousands) | |
Non-accrual TDRs: | | | | | | | | | | | | | | | | |
Commercial loans | | $ | 3,629 | | | $ | — | | | $ | — | | | $ | 3,629 | |
Commercial mortgage loans | | | 1,098 | | | | — | | | | — | | | | 1,098 | |
Residential mortgage loans | | | 1,621 | | | | — | | | | — | | | | 1,621 | |
Total non-accrual TDRs | | $ | 6,348 | | | $ | — | | | $ | — | | | $ | 6,348 | |
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Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block] |
| | Loans Amortized Cost Basis by Origination Year | | | | | | | | | | | | | |
June 30, 2023 | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | 2019 | | | Prior | | | Revolving Loans | | | Revolving Converted to Term Loans | | | Total | |
| | (In thousands) | |
Commercial loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 188,200 | | | $ | 415,771 | | | $ | 393,243 | | | $ | 156,101 | | | $ | 97,152 | | | $ | 177,860 | | | $ | 1,764,173 | | | $ | 5,053 | | | $ | 3,197,553 | |
Special Mention | | | 1,826 | | | | 2,917 | | | | 3,829 | | | | 2,536 | | | | — | | | | 2,782 | | | | 60,040 | | | | — | | | | 73,930 | |
Substandard | | | 176 | | | | 365 | | | | 12,035 | | | | 67 | | | | 1,191 | | | | 5,817 | | | | 24,264 | | | | 319 | | | | 44,234 | |
Total | | $ | 190,202 | | | $ | 419,053 | | | $ | 409,107 | | | $ | 158,704 | | | $ | 98,343 | | | $ | 186,459 | | | $ | 1,848,477 | | | $ | 5,372 | | | $ | 3,315,717 | |
YTD gross write-offs | | $ | — | | | $ | 252 | | | $ | 760 | | | $ | 194 | | | $ | 3,255 | | | $ | 1,791 | | | $ | 11 | | | $ | — | | | $ | 6,263 | |
Real estate construction loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 17,334 | | | $ | 100,659 | | | $ | 239,665 | | | $ | 93,512 | | | $ | 10,464 | | | $ | 3,072 | | | $ | — | | | $ | — | | | $ | 464,706 | |
Special Mention | | | 1,137 | | | | — | | | | — | | | | — | | | | 19,639 | | | | 22,998 | | | | — | | | | — | | | | 43,774 | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | 1,736 | | | | 9,255 | | | | — | | | | — | | | | 10,991 | |
Total | | $ | 18,471 | | | $ | 100,659 | | | $ | 239,665 | | | $ | 93,512 | | | $ | 31,839 | | | $ | 35,325 | | | $ | — | | | $ | — | | | $ | 519,471 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Commercial mortgage loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 1,146,281 | | | $ | 2,065,253 | | | $ | 1,672,273 | | | $ | 936,526 | | | $ | 1,052,485 | | | $ | 1,975,795 | | | $ | 179,848 | | | $ | — | | | $ | 9,028,461 | |
Special Mention | | | 21,063 | | | | 1,685 | | | | 16,038 | | | | 25,501 | | | | 24,674 | | | | 50,593 | | | | 800 | | | | — | | | | 140,354 | |
Substandard | | | — | | | | 12,988 | | | | 12,285 | | | | 1,736 | | | | 20,130 | | | | 67,838 | | | | 2,669 | | | | — | | | | 117,646 | |
Total | | $ | 1,167,344 | | | $ | 2,079,926 | | | $ | 1,700,596 | | | $ | 963,763 | | | $ | 1,097,289 | | | $ | 2,094,226 | | | $ | 183,317 | | | $ | — | | | $ | 9,286,461 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | 207 | | | $ | — | | | $ | — | | | $ | 3,913 | | | $ | — | | | $ | — | | | $ | 4,120 | |
Residential mortgage loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 563,858 | | | $ | 1,167,709 | | | $ | 936,487 | | | $ | 554,275 | | | $ | 570,881 | | | $ | 1,729,482 | | | $ | — | | | $ | — | | | $ | 5,522,692 | |
Special Mention | | | — | | | | — | | | | — | | | | 33 | | | | — | | | | 1,639 | | | | — | | | | — | | | | 1,672 | |
Substandard | | | — | | | | 470 | | | | 441 | | | | 3,696 | | | | 2,139 | | | | 12,275 | | | | — | | | | — | | | | 19,021 | |
Total | | $ | 563,858 | | | $ | 1,168,179 | | | $ | 936,928 | | | $ | 558,004 | | | $ | 573,020 | | | $ | 1,743,396 | | | $ | — | | | $ | — | | | $ | 5,543,385 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Equity lines | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | — | | | $ | 115 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 252,786 | | | $ | 18,765 | | | $ | 271,666 | |
Special Mention | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1 | | | | — | | | | 1 | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1,266 | | | | 187 | | | | 1,453 | |
Total | | $ | — | | | $ | 115 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 254,053 | | | $ | 18,952 | | | $ | 273,120 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Installment and other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 299 | | | $ | 2,203 | | | $ | 2,633 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,135 | |
Special Mention | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Substandard | | | — | | | | 8 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 8 | |
Total | | $ | 299 | | | $ | 2,211 | | | $ | 2,633 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,143 | |
YTD gross write-offs | | $ | — | | | $ | 7 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 7 | |
Total loans | | $ | 1,940,174 | | | $ | 3,770,143 | | | $ | 3,288,929 | | | $ | 1,773,983 | | | $ | 1,800,491 | | | $ | 4,059,406 | | | $ | 2,285,847 | | | $ | 24,324 | | | $ | 18,943,297 | |
Total YTD gross write-offs | | $ | — | | | $ | 259 | | | $ | 967 | | | $ | 194 | | | $ | 3,255 | | | $ | 5,704 | | | $ | 11 | | | $ | — | | | $ | 10,390 | |
| | Loans Amortized Cost Basis by Origination Year | | | | | | | | | | | | | |
December 31, 2022 | | 2022 | | | 2021 | | | 2020 | | | 2019 | | | 2018 | | | Prior | | | Revolving Loans | | | Revolving Converted to Term Loans | | | Total | |
| | (In thousands) | |
Commercial loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 488,748 | | | $ | 446,647 | | | $ | 180,226 | | | $ | 119,355 | | | $ | 107,896 | | | $ | 106,649 | | | $ | 1,753,509 | | | $ | 6,560 | | | $ | 3,209,590 | |
Special Mention | | | 1,212 | | | | 4,696 | | | | 2,818 | | | | 68 | | | | 308 | | | | 4,354 | | | | 41,110 | | | | — | | | | 54,566 | |
Substandard | | | 25 | | | | 12,750 | | | | 342 | | | | 4,859 | | | | 2,766 | | | | 6,985 | | | | 22,084 | | | | 133 | | | | 49,944 | |
Doubtful | | | — | | | | — | | | | — | | | | 1,504 | | | | 2,185 | | | | — | | | | 234 | | | | — | | | | 3,923 | |
Total | | $ | 489,985 | | | $ | 464,093 | | | $ | 183,386 | | | $ | 125,786 | | | $ | 113,155 | | | $ | 117,988 | | | $ | 1,816,937 | | | $ | 6,693 | | | $ | 3,318,023 | |
YTD gross write-offs | | $ | 96 | | | $ | 587 | | | $ | 120 | | | $ | 71 | | | $ | 1,786 | | | $ | 360 | | | $ | 202 | | | $ | — | | | $ | 3,222 | |
Real estate construction loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 99,798 | | | $ | 264,197 | | | $ | 113,312 | | | $ | 20,479 | | | $ | 3,067 | | | $ | — | | | $ | — | | | $ | — | | | $ | 500,853 | |
Special Mention | | | — | | | | 360 | | | | 9,449 | | | | 11,643 | | | | 22,945 | | | | — | | | | — | | | | — | | | | 44,397 | |
Substandard | | | — | | | | — | | | | — | | | | 1,736 | | | | 9,309 | | | | — | | | | — | | | | — | | | | 11,045 | |
Total | | $ | 99,798 | | | $ | 264,557 | | | $ | 122,761 | | | $ | 33,858 | | | $ | 35,321 | | | $ | — | | | $ | — | | | $ | — | | | $ | 556,295 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Commercial mortgage loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 2,087,650 | | | $ | 1,728,607 | | | $ | 975,953 | | | $ | 1,094,505 | | | $ | 908,748 | | | $ | 1,420,982 | | | $ | 178,116 | | | $ | — | | | $ | 8,394,561 | |
Special Mention | | | 22,150 | | | | 57,015 | | | | 25,593 | | | | 32,119 | | | | 17,999 | | | | 63,782 | | | | 1,600 | | | | — | | | | 220,258 | |
Substandard | | | 12,320 | | | | 7,861 | | | | 14,392 | | | | 19,972 | | | | 34,899 | | | | 81,844 | | | | 2,631 | | | | — | | | | 173,919 | |
Total | | $ | 2,122,120 | | | $ | 1,793,483 | | | $ | 1,015,938 | | | $ | 1,146,596 | | | $ | 961,646 | | | $ | 1,566,608 | | | $ | 182,347 | | | $ | — | | | $ | 8,788,738 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,091 | | | $ | — | | | $ | — | | | $ | — | | | $ | 2,091 | |
Residential mortgage loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 1,228,391 | | | $ | 964,799 | | | $ | 580,990 | | | $ | 600,786 | | | $ | 417,565 | | | $ | 1,444,320 | | | $ | — | | | $ | — | | | $ | 5,236,851 | |
Special Mention | | | — | | | | — | | | | 33 | | | | — | | | | 752 | | | | 905 | | | | — | | | | — | | | | 1,690 | |
Substandard | | | 206 | | | | 762 | | | | 2,028 | | | | 1,966 | | | | 1,799 | | | | 8,785 | | | | — | | | | — | | | | 15,546 | |
Total | | $ | 1,228,597 | | | $ | 965,561 | | | $ | 583,051 | | | $ | 602,752 | | | $ | 420,116 | | | $ | 1,454,010 | | | $ | — | | | $ | — | | | $ | 5,254,087 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Equity lines | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 731 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 302,825 | | | $ | 21,460 | | | $ | 325,016 | |
Special Mention | | | 5 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 5 | |
Substandard | | | 12 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1,043 | | | | 220 | | | | 1,275 | |
Total | | $ | 748 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 303,868 | | | $ | 21,680 | | | $ | 326,296 | |
YTD gross write-offs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Installment and other loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass/Watch | | $ | 1,792 | | | $ | 2,152 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,944 | |
Total | | $ | 1,792 | | | $ | 2,152 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,944 | |
YTD gross write-offs | | $ | 115 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 62 | | | $ | — | | | $ | 177 | |
Total loans | | $ | 3,943,040 | | | $ | 3,489,846 | | | $ | 1,905,136 | | | $ | 1,908,992 | | | $ | 1,530,238 | | | $ | 3,138,606 | | | $ | 2,303,152 | | | $ | 28,373 | | | $ | 18,247,383 | |
Total YTD gross write-offs | | $ | 211 | | | $ | 587 | | | $ | 120 | | | $ | 71 | | | $ | 3,877 | | | $ | 360 | | | $ | 264 | | | $ | — | | | $ | 5,490 | |
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Financing Receivable, Allowance for Credit Loss [Table Text Block] |
Three months ended June 30, 2023 and 2022 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Residential | | | | | | | | | |
| | | | | | Real Estate | | | Commercial | | | Mortgage Loans | | | Installment | | | | | |
| | Commercial | | | Construction | | | Mortgage | | | and | | | and Other | | | | | |
| | Loans | | | Loans | | | Loans | | | Equity Lines | | | Loans | | | Total | |
| | (In thousands) | |
Allowance for Loan Losses: | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
March 31, 2023 Ending Balance | | $ | 45,975 | | | $ | 10,900 | | | $ | 70,367 | | | $ | 17,633 | | | $ | 9 | | | $ | 144,884 | |
Provision for expected credit losses | | | 6,514 | | | | 1,851 | | | | 3,249 | | | | 581 | | | | 10 | | | | 12,205 | |
Charge-offs | | | (2,352 | ) | | | — | | | | (130 | ) | | | — | | | | (1 | ) | | | (2,483 | ) |
Recoveries | | | 442 | | | | — | | | | 61 | | | | — | | | | — | | | | 503 | |
Net charge-offs | | | (1,910 | ) | | | — | | | | (69 | ) | | | — | | | | (1 | ) | | | (1,980 | ) |
June 30, 2023 Ending Balance | | $ | 50,579 | | | $ | 12,751 | | | $ | 73,547 | | | $ | 18,214 | | | $ | 18 | | | $ | 155,109 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Allowance for unfunded credit commitments: | | | | | | | | | | | | | | | | | | | | | | | | |
March 31, 2023 Ending Balance | | $ | 8,275 | | | $ | 5,215 | | | $ | 85 | | | $ | — | | | $ | — | | | $ | 13,575 | |
Reversal for expected credit losses | | | (1,291 | ) | | | (1,674 | ) | | | (85 | ) | | | — | | | | — | | | | (3,050 | ) |
June 30, 2023 Ending Balance | | $ | 6,984 | | | $ | 3,541 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,525 | |
| | | | | | | | | | | | | | Residential | | | | | | | | | |
| | | | | | Real Estate | | | Commercial | | | Mortgage Loans | | | Installment | | | | | |
| | Commercial | | | Construction | | | Mortgage | | | and | | | and Other | | | | | |
| | Loans | | | Loans | | | Loans | | | Equity Lines | | | Loans | | | Total | |
| | (In thousands) | |
Allowance for Loan Losses: | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
March 31, 2022 Ending Balance | | $ | 44,738 | | | $ | 7,436 | | | $ | 63,878 | | | $ | 29,630 | | | $ | 104 | | | $ | 145,786 | |
Provision/(reversal) for expected credit losses | | | 4,208 | | | | (160 | ) | | | 4,634 | | | | (5,945 | ) | | | 31 | | | | 2,768 | |
Charge-offs | | | (50 | ) | | | — | | | | — | | | | — | | | | (1 | ) | | | (51 | ) |
Recoveries | | | 175 | | | | — | | | | 88 | | | | 6 | | | | — | | | | 269 | |
Net (charge-offs)/recoveries | | | 125 | | | | — | | | | 88 | | | | 6 | | | | (1 | ) | | | 218 | |
June 30, 2022 Ending Balance | | $ | 49,071 | | | $ | 7,276 | | | $ | 68,600 | | | $ | 23,691 | | | $ | 134 | | | $ | 148,772 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Allowance for unfunded credit commitments: | | | | | | | | | | | | | | | | | | | | | | | | |
March 31, 2022 Ending Balance | | $ | 3,177 | | | $ | 3,227 | | | $ | — | | | $ | — | | | $ | — | | | $ | 6,404 | |
(Reversal)/Provision for expected credit losses | | | (373 | ) | | | 79 | | | | 26 | | | | — | | | | — | | | | (268 | ) |
June 30, 2022 Ending Balance | | $ | 2,804 | | | $ | 3,306 | | | $ | 26 | | | $ | — | | | $ | — | | | $ | 6,136 | |
Six months ended June 30, 2023 and 2022 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Residential | | | | | | | | | |
| | | | | | Real Estate | | | Commercial | | | Mortgage Loans | | | Installment | | | | | |
| | Commercial | | | Construction | | | Mortgage | | | and | | | and Other | | | | | |
| | Loans | | | Loans | | | Loans | | | Equity Lines | | | Loans | | | Total | |
| | (In thousands) | |
Allowance for Loan Losses: | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
January 1, 2023 Beginning Balance | | $ | 49,435 | | | $ | 10,417 | | | $ | 68,366 | | | $ | 18,232 | | | $ | 35 | | | $ | 146,485 | |
Provision/(reversal) for expected credit losses | | | 6,454 | | | | 2,334 | | | | 6,712 | | | | (30 | ) | | | (10 | ) | | | 15,460 | |
Charge-offs | | | (6,263 | ) | | | — | | | | (4,120 | ) | | | — | | | | (7 | ) | | | (10,390 | ) |
Recoveries | | | 953 | | | | — | | | | 2,589 | | | | 12 | | | | — | | | | 3,554 | |
Net (charge-offs)/recoveries | | | (5,310 | ) | | | — | | | | (1,531 | ) | | | 12 | | | | (7 | ) | | | (6,836 | ) |
June 30, 2023 Ending Balance | | $ | 50,579 | | | $ | 12,751 | | | $ | 73,547 | | | $ | 18,214 | | | $ | 18 | | | $ | 155,109 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Allowance for unfunded credit commitments: | | | | | | | | | | | | | | | | | | | | | | | | |
January 1, 2023 Beginning Balance | | $ | 4,840 | | | $ | 3,890 | | | $ | — | | | $ | — | | | $ | — | | | $ | 8,730 | |
Provision/(reversal) for expected credit losses | | | 2,144 | | | | (349 | ) | | | — | | | | — | | | | — | | | | 1,795 | |
June 30, 2023 Ending Balance | | $ | 6,984 | | | $ | 3,541 | | | $ | — | | | $ | — | | | $ | — | | | $ | 10,525 | |
| | | | | | | | | | | | | | Residential | | | | | | | | | |
| | | | | | Real Estate | | | Commercial | | | Mortgage Loans | | | Installment | | | | | |
| | Commercial | | | Construction | | | Mortgage | | | and | | | and Other | | | | | |
| | Loans | | | Loans | | | Loans | | | Equity Lines | | | Loans | | | Total | |
| | (In thousands) | |
Allowance for Loan Losses: | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
January 1, 2022 Beginning Balance | | $ | 43,394 | | | $ | 6,302 | | | $ | 61,081 | | | $ | 25,379 | | | $ | 1 | | | $ | 136,157 | |
Provision/(reversal) for expected credit losses | | | 5,414 | | | | 968 | | | | 7,336 | | | | (1,745 | ) | | | 134 | | | | 12,107 | |
Charge-offs | | | (271 | ) | | | — | | | | — | | | | — | | | | (1 | ) | | | (272 | ) |
Recoveries | | | 534 | | | | 6 | | | | 183 | | | | 57 | | | | — | | | | 780 | |
Net (charge-offs)/recoveries | | | 263 | | | | 6 | | | | 183 | | | | 57 | | | | (1 | ) | | | 508 | |
June 30, 2022 Ending Balance | | $ | 49,071 | | | $ | 7,276 | | | $ | 68,600 | | | $ | 23,691 | | | $ | 134 | | | $ | 148,772 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Allowance for unfunded credit commitments: | | | | | | | | | | | | | | | | | | | | | | | | |
January 1, 2022 Beginning Balance | | $ | 3,725 | | | $ | 3,375 | | | $ | — | | | $ | — | | | $ | — | | | $ | 7,100 | |
(Reversal)/provision for expected credit losses | | | (921 | ) | | | (69 | ) | | | 26 | | | | — | | | | — | | | | (964 | ) |
June 30, 2022 Ending Balance | | $ | 2,804 | | | $ | 3,306 | | | $ | 26 | | | $ | — | | | $ | — | | | $ | 6,136 | |
|