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Note 5 - Loans (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

As of December 31,

 
  

2023

  

2022

 
  

(In thousands)

 

Loans:

        

Commercial loans

 $3,305,048  $3,318,778 

Construction loans

  422,647   559,372 

Commercial real estate loans

  9,729,581   8,793,685 

Residential mortgage loans

  5,838,747   5,252,952 

Equity lines

  245,919   324,548 

Installment and other loans

  6,198   4,689 

Gross loans

  19,548,140   18,254,024 

Less:

        

Allowance for loan losses

  (154,562)  (146,485)

Unamortized deferred loan fees

  (10,720)  (6,641)

Total loans, net

 $19,382,858  $18,100,898 
Schedule of Related Party Transactions [Table Text Block]
  

December 31,

 
  

2023

  

2022

 
  

(In thousands)

 

Balance at beginning of year

 $33,217  $38,532 

Additional loans made

  20,160   25,050 

Payment received

  (7,670)  (30,365)

Balance at end of year

 $45,707  $33,217 
Financing Receivable, Nonaccrual [Table Text Block]
  

For the year ended December 31, 2023

 
  Average Recorded Investment  Interest Income Recognized 
  

(In thousands)

 

Commercial loans

 $18,008  $3 

Construction loans

  6,336    

Commercial real estate loans

  35,742   318 

Residential mortgage and equity lines

  11,743    

Installment and other loans

  1    

Total

 $71,830  $321 
    
  Average Recorded Investment  Interest Income Recognized 
    

Commercial loans

 $28,109  $4 

Construction loans

  28,983    

Commercial real estate loans

  14,251   405 

Residential mortgage and equity lines

  28   26 

Total

 $71,371  $435 
  

As of December 31,

 
  

2023

  

2022

  

2021

 
  

(In thousands)

 

Non-accrual portfolio loans

 $66,681  $68,854  $65,846 

Contractual interest due

  6,270   4,620   4,032 

Interest recognized

  321   435   1,074 

Net interest foregone

 $5,949  $4,185  $2,958 
Schedule of Nonaccrual Loans and Related Allowance and Charge Off [Table Text Block]
  

As of December 31, 2023

 
  Unpaid Principal Balance  Recorded Investment  

Allowance

 
  

(In thousands)

 

With no allocated allowance:

            

Commercial loans

 $26,310  $14,404  $ 

   Construction loans

  7,736   7,736    

Commercial real estate loans

  41,725   32,030    

Residential mortgage and equity lines

  12,957   12,511    

Installment and other loans

         

Subtotal

 $88,728  $66,681  $ 

With allocated allowance:

            

Commercial loans

 $  $  $ 

Commercial real estate loans

         

Residential mortgage and equity lines

         

Subtotal

 $  $  $ 

Total non-accrual loans

 $88,728  $66,681  $ 
  

As of December 31, 2022

 
  Unpaid Principal Balance  Recorded Investment  

Allowance

 
  

(In thousands)

 

With no allocated allowance:

            

Commercial loans

 $27,341  $12,949  $ 

Commercial real estate loans

  37,697   32,205    

Residential mortgage 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 real estate loans

  1,896   1,891   207 

Subtotal

 $16,539  $14,714  $3,941 

Total non-accrual loans

 $91,212  $68,854  $3,941 
Financing Receivable, Past Due [Table Text Block]
  

As of December 31, 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

 

Type of Loans:

 

(In thousands)

 

Commercial loans

 $11,771  $7,770  $508  $14,404  $34,453  $3,270,595  $3,305,048 

Construction loans

  25,389   22,998      7,736   56,123   366,524   422,647 

Commercial real estate loans

  27,900   1,503   6,649   32,030   68,082   9,661,499   9,729,581 

Residential mortgage loans and equity lines

  59,606   6,670      12,511   78,787   6,005,879   6,084,666 

Installment and other loans

  32            32   6,166   6,198 

Total loans

 $124,698  $38,941  $7,157  $66,681  $237,477  $19,310,663  $19,548,140 
  

As of 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

 

Type of Loans:

 

(In thousands)

 

Commercial loans

 $8,192  $3,235  $10,208  $25,772  $47,407  $3,271,371  $3,318,778 

Construction loans

                 559,372   559,372 

Commercial real estate 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 
Schedule Of Troubled Debt Restructurings [Table Text Block]
  

Loans Modified as TDRs During the Year Ended December 31, 2022

 
  No. of Contracts  Pre-Modification Outstanding Recorded Investment  Post-Modification Outstanding Recorded Investment  Specific Reserve  

Charge-offs

 
  

(Dollars in thousands)

 
                     

Commercial loans

  4  $6,115  $6,115  $427  $ 

Commercial real estate loans

  3   3,676   3,669       

Residential mortgage and equity lines

  8   2,189   2,162       

Total

  15  $11,980  $11,946  $427  $ 
  

Loans Modified as TDRs During the Year Ended December 31, 2021

 
  

No. of

Contracts

  

Pre-Modification Outstanding

Recorded

Investment

  

Post-Modification Outstanding

Recorded

Investment

  

Specific

Reserve (1)

  

Charge-off

 
  

(Dollars in thousands)

 
                     

Commercial loans

  3  $2,150  $2,150  $  $ 

Residential mortgage and equity lines

  2   3   3       

Total

  5  $2,153  $2,153  $  $ 
Financing Receivable, Modified, Amortized Cost [Table Text Block]
                  

Financial Effects of Loan Modifications

 
  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

  

Modification as a % of Loan Class

  

Weighted-Average Rate Reduction

  

Weighted-Average Term Extension
(in Years)

  

Weighted-Average Payment Deferral
(in Years)

 
                             

Loan Type

                            

Commercial loans

 $  $2,650  $2,650   0.08%  1.10%  2.2   0.9 

Residential mortgage loans

  222      222   0.00%  0.10%  0.0   2.0 

Total

 $222  $2,650  $2,872                 
Financing Receivable, Modified, Performance [Table Text Block]
  

Twelve Months Ended December 31, 2023

 
  

Current

  30–89 Days Past Due  90+ Days Past Due  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $2,650  $  $  $2,650 

Residential mortgage loans

  222         222 

Total

 $2,872  $  $  $2,872 
Financing Receivable, Modified [Table Text Block]
  

December 31, 2022

 

Accruing TDRs

 Payment Deferral  Rate Reduction  Rate Reduction and Payment Deferral  

Total

 
  

(In thousands)

 

Commercial loans

 $2,588  $  $  $2,588 

Commercial real estate 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 
  

December 31, 2022

 

Non-accrual TDRs

 Payment Deferral  Rate Reduction  Rate Reduction and Payment Deferral  

Total

 
  

(In thousands)

 

Commercial loans

 $3,629  $  $  $3,629 

Commercial real estate loans

  1,098         1,098 

Residential mortgage loans

  1,621         1,621 

Total non-accrual TDRs

 $6,348  $  $  $6,348 
Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block]
  

Loans Amortized Cost Basis by Origination Year

             

December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  Revolving Loans  Revolving Converted to Term Loans  

Total

 
  

(In thousands)

 

Commercial loans

                                    

Pass/Watch

 $381,705  $323,939  $326,650  $96,725  $75,281  $136,162  $1,775,162  $8,308  $3,123,932 

Special Mention

  4,488   4,875   8,559   23,380         75,419      116,721 

Substandard

  1,752   653   9,895   2,462   763   5,775   40,131   116   61,547 

Doubtful

                           

Total

 $387,945  $329,467  $345,104  $122,567  $76,044  $141,937  $1,890,712  $8,424  $3,302,200 
                                     

YTD gross write-offs

 $  $977  $1,312  $384  $3,672  $6,044  $1,520  $  $13,909 
                                     

Construction loans

                                    

Pass/Watch

 $29,550  $131,984  $153,977  $19,461  $13,298  $3,131  $  $  $351,401 

Special Mention

  1,911      11,707   25,389      22,998         62,005 

Substandard

              7,736            7,736 

Total

 $31,461  $131,984  $165,684  $44,850  $21,034  $26,129  $  $  $421,142 
                                     

YTD gross write-offs

 $  $  $  $  $  $4,221  $  $  $4,221 
                                     

Commercial real estate loans

                                    

Pass/Watch

 $2,121,489  $1,959,239  $1,585,010  $887,508  $1,019,952  $1,726,015  $184,601  $  $9,483,814 

Special Mention

  37,604   18,910   38,405   3,499   10,303   17,210   1,384      127,315 

Substandard

     11,870   12,170   2,965   17,293   66,205         110,503 

Total

 $2,159,093  $1,990,019  $1,635,585  $893,972  $1,047,548  $1,809,430  $185,985  $  $9,721,632 
                                     

YTD gross write-offs

 $  $  $208  $  $969  $4,164  $  $  $5,341 

Residential mortgage loans

                                    

Pass/Watch

 $1,140,998  $1,128,526  $902,613  $524,315  $541,005  $1,583,118  $  $  $5,820,575 

Special Mention

           33      1,619         1,652 

Substandard

  7   652   3,325   2,577   1,334   9,311         17,206 

Total

 $1,141,005  $1,129,178  $905,938  $526,925  $542,339  $1,594,048  $  $  $5,839,433 
                                     

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 
                                     

Equity lines

                                    

Pass/Watch

 $  $98  $  $  $  $  $227,502  $16,628  $244,228 

Special Mention

     3                     3 

Substandard

                    2,511   173   2,684 

Total

 $  $101  $  $  $  $  $230,013  $16,801  $246,915 
                                     

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 
                                     

Installment and other loans

                                    

Pass/Watch

 $5,114  $981  $3  $  $  $  $  $  $6,098 

Total

 $5,114  $981  $3  $  $  $  $  $  $6,098 
                                     

YTD gross write-offs

 $  $15  $  $  $  $  $  $  $15 

Total loans

 $3,724,618  $3,581,730  $3,052,314  $1,588,314  $1,686,965  $3,571,544  $2,306,710  $25,225  $19,537,420 

Total YTD gross write-offs

 $  $992  $1,520  $384  $4,641  $14,429  $1,520  $  $23,486 
  

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 
                                     

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 real estate 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

 $  $  $  $  $2,152  $  $  $  $2,152 

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

 $116  $  $  $  $  $  $  $  $116 

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

 $212  $587  $120  $71  $3,938  $360  $202  $  $5,490 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
         

Commercial

  

Residential

  

Installment

     
  

Commercial

  

Construction

  

Real Estate

  

Mortgage

  

and Other

     
  

Loans

  

Loans

  

Loans

  

and Equity Lines

  

Loans

  

Total

 
Allowance for loan losses 

(In thousands)

 

2021 Ending Balance

 $43,394  $6,302  $61,081  $25,379  $1  $136,157 

Provision/(reversal) for expected credit losses

  6,798   4,109   9,079   (7,221)  148   12,913 

Charge-offs

  (3,222)     (2,152)     (116)  (5,490)

Recoveries

  2,465   6   358   74   2   2,905 

Net (Charge-offs)/Recoveries

 $(757) $6  $(1,794) $74  $(114) $(2,585)
                         

2022 Ending Balance

 $49,435  $10,417  $68,366  $18,232  $35  $146,485 

Provision/(reversal) for expected credit losses

  15,275   1,984   8,570   (177)  3   25,655 

Charge-offs

  (13,909)  (4,221)  (5,341)     (15)  (23,486)

Recoveries

  2,990      2,833   85      5,908 

Net (Charge-offs)/Recoveries

 $(10,919) $(4,221) $(2,508) $85  $(15) $(17,578)
                         

2023 Ending Balance

 $53,791  $8,180  $74,428  $18,140  $23  $154,562 
                         

Allowance for unfunded credit commitments, 2021 Ending Balance

 $3,725  $3,375  $  $  $  $7,100 

Provision for expected credit losses

  1,115   515            1,630 

Allowance for unfunded credit commitments 2022 Ending Balance

 $4,840  $3,890  $  $  $  $8,730 

Provision/(reversal) for expected credit losses

  2,048   (1,725)           323 

Allowance for unfunded credit commitments 2023 Ending Balance

 $6,888  $2,165  $  $  $  $9,053