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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Activity In The Non-Covered Allowance For Loan And Lease Losses
The following tables summarize activity related to the ACL by portfolio segment for the periods indicated:
Year Ended December 31, 2023
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$77,813 $167,135 $50,329 $5,858 $301,135 
Initial ACL on PCD loans acquired during the period8,736 17,204 454 98 26,492 
Provision for credit losses for loans and leases (1)
39,809 153,460 10,645 6,065 209,979 
Charge-offs(803)(109,862)(547)(5,762)(116,974)
Recoveries333 16,884 1,123 1,899 20,239 
Net (charge-offs) recoveries(470)(92,978)576 (3,863)(96,735)
Balance, end of period$125,888 $244,821 $62,004 $8,158 $440,871 
Reserve for unfunded commitments
Balance, beginning of period$7,207 $3,049 $3,196 $769 $14,221 
Initial ACL recorded for unfunded commitments acquired during the period2,257 3,066 268 176 5,767 
Provision (recapture) for credit losses on unfunded commitments1,706 1,726 (524)312 3,220 
Balance, end of period11,170 7,841 2,940 1,257 23,208 
Total allowance for credit losses$137,058 $252,662 $64,944 $9,415 $464,079 
(1) Includes $88.4 million initial provision related to non-PCD loans acquired during the first quarter of 2023.
Year Ended December 31, 2022
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$99,075 $117,573 $29,068 $2,696 $248,412 
(Recapture) provision for credit losses for loans and leases(21,510)79,606 20,823 4,686 83,605 
Charge-offs(136)(41,073)(224)(3,556)(44,989)
Recoveries384 11,029 662 2,032 14,107 
Net recoveries (charge-offs) 248 (30,044)438 (1,524)(30,882)
Balance, end of period$77,813 $167,135 $50,329 $5,858 $301,135 
Reserve for unfunded commitments
Balance, beginning of period$8,461 $2,028 $1,957 $321 $12,767 
(Recapture) provision for credit losses on unfunded commitments
(1,254)1,021 1,239 448 1,454 
Balance, end of period7,207 3,049 3,196 769 14,221 
Total allowance for credit losses$85,020 $170,184 $53,525 $6,627 $315,356 
Non-Covered Non-Accrual Loans And Loans Past Due December 31, 2023 and 2022: 
December 31, 2023
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due 90 Days or More and AccruingTotal Past Due
Non-Accrual
Current and Other
Total Loans and Leases
Commercial real estate       
Non-owner occupied term, net$1,270 $3,312 $437 $5,019 $4,359 $6,473,562 $6,482,940 
Owner occupied term, net3,078 2,191 433 5,702 24,330 5,165,573 5,195,605 
Multifamily, net— — — — — 5,704,734 5,704,734 
Construction & development, net— — — — — 1,747,302 1,747,302 
Residential development, net— — — — — 323,899 323,899 
Commercial
Term, net6,341 2,101 202 8,644 14,519 5,513,602 5,536,765 
Lines of credit & other, net1,647 1,137 66 2,850 2,760 2,424,517 2,430,127 
Leases & equipment finance, net22,217 24,178 7,965 54,360 28,403 1,646,749 1,729,512 
Residential 
Mortgage, net (1)
282 9,410 26,331 36,023 — 6,121,143 6,157,166 
Home equity loans & lines, net4,401 2,373 3,782 10,556 — 1,927,610 1,938,166 
Consumer & other, net778 519 326 1,623 — 194,112 195,735 
Total, net of deferred fees and costs$40,014 $45,221 $39,542 $124,777 $74,371 $37,242,803 $37,441,951 
(1) Includes government guaranteed mortgage loans that the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $1.0 million as of December 31, 2023.
December 31, 2022
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or More and AccruingTotal Past Due
Non-Accrual
Current and Other
Total Loans and Leases
Commercial real estate       
Non-owner occupied term, net$811 $538 $— $1,349 $2,963 $3,890,528 $3,894,840 
Owner occupied term, net168 50 1 219 2,048 2,565,494 2,567,761 
Multifamily, net— — — — — 5,285,791 5,285,791 
Construction & development, net— — — — — 1,077,346 1,077,346 
Residential development, net— — — — — 200,838 200,838 
Commercial
Term, net1,241 1,489 19 2,749 5,303 3,021,495 3,029,547 
Lines of credit & other, net514 419 4 937 — 959,117 960,054 
Leases & equipment finance, net19,929 23,288 7,886 51,103 20,388 1,634,681 1,706,172 
Residential
Mortgage, net (1)
847 10,619 24,943 36,409 — 5,610,626 5,647,035 
Home equity loans & lines, net2,808 1,526 1,569 5,903 — 1,626,062 1,631,965 
Consumer & other, net446 200 134 780 — 153,852 154,632 
Total, net of deferred fees and costs$26,764 $38,129 $34,556 $99,449 $30,702 $26,025,830 $26,155,981 
(1) Includes government guaranteed mortgage loans that the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $6.6 million as of December 31, 2022.
Non Accrual Loans With No Related ACL
The following table summarizes the amortized cost of non-accrual loans for which there was no related ACL as of December 31, 2023 and 2022:
(in thousands)December 31, 2023December 31, 2022
Commercial real estate  
Non-owner occupied term, net$52 $— 
Owner occupied term, net1,352 279 
Commercial
Term, net3,497 — 
Total non-accrual loans with no related ACL$4,901 $279 
Collateral Dependent Loans and Leases December 31, 2023:
(in thousands)Residential Real EstateCommercial Real EstateGeneral Business AssetsOtherTotal
Commercial real estate
Non-owner occupied term, net$— $4,250 $— $— $4,250 
Owner occupied term, net— 22,076 — — 22,076 
Commercial
Term, net— 271 8,602 301 9,174 
Line of credit & other, net— 1,566 — — 1,566 
Leases & equipment finance, net— — 28,403 — 28,403 
Residential
Mortgage, net55,381 — — — 55,381 
Home equity loans & lines, net2,740 — — — 2,740 
Total, net of deferred fees and costs$58,121 $28,163 $37,005 $301 $123,590 
Loan and Lease Modifications Made to Borrowers Experiencing Financial Difficulty
The following table presents the amortized cost basis of loans and leases as of December 31, 2023 that were both experiencing financial difficulty and modified during the year ended December 31, 2023, by class and type of modification. The percentage of the amortized cost basis of loans and leases that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below.
December 31, 2023
(in thousands)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment DelayCombination - Term Extension and Other-than-Insignificant Payment DelayTotal% of total class of financing receivable
Commercial real estate
  Non-owner occupied term, net$— $32,461 $— $— $32,461 0.50 %
  Owner occupied term, net666 507 568 — 1,741 0.03 %
Commercial
  Term, net377 4,409 — — 4,786 0.09 %
  Lines of credit & other, net— 13,152 30,804 — 43,956 1.81 %
  Leases & equipment finance, net— 1,495 — — 1,495 0.09 %
Residential
  Mortgage, net— 562 46,012 7,101 53,675 0.87 %
Total loans and leases experiencing financial difficulty$1,043 $52,586 $77,384 $7,101 $138,114 0.37 %
December 31, 2023
Loan TypeTypes of ModificationFinancial Effect
Non-owner occupied term, netTerm extension
Added a weighted average of 17 months to the life of the loans.
Owner occupied term, netInterest rate reduction, term extension, and other-than-insignificant payment delays
Reduced weighted average interest rate by 4.00% from interest rate reductions, added a weighted average of 2 months to the life of the loans from term extensions, and deferred $22,000 of principal payments from other-than-insignificant payment delays.
Term, netInterest rate reduction and term extension
Reduced weighted average interest rate by 4.15% from interest rate reductions and added a weighted average of 3 months to the life of the loans from term extensions.
Lines of credit & other, netTerm extension and other-than-insignificant payment delays
Added a weighted average of 11 months to the life of the loans from term extensions and deferred $30.1 million of principal and interest payments from other-than-insignificant payment delays.
Leases & equipment finance, netTerm extension
Added a weighted average of 8 months to the life of the leases.
Mortgage, netTerm extension, other-than-insignificant payment delays, and combination
Added a weighted average of 7.4 years to the life of the loans from term extensions, deferred $3.0 million of principal and interest payments from other-than-insignificant payment delays.

Added a weighted average of 12.3 years and deferred $357,000 of principal and interest payments from combination modifications.

The Company closely monitors the performance of loans and leases that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. Loans and leases are considered to be in payment default at 90 or more days past due. The following table presents the performance of such loans and leases that have been modified for the year ended December 31, 2023:
December 31, 2023
Loan TypeCurrentGreater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or More Past DueNon-accrualTotal
(in thousands)
Commercial real estate
Non-owner occupied term, net$30,338 $— $2,123 $— $— $32,461 
Owner occupied term, net1,075 — — — 666 1,741 
Commercial
Term, net3,784 — — — 1,002 4,786 
Lines of credit & other, net42,263 — — — 1,693 43,956 
Leases & equipment finance, net915 181 119 179 101 1,495 
Residential
Mortgage, net50,540 — 1,125 2,010 — 53,675 
Total loans and leases, net of deferred fees and costs$128,915 $181 $3,367 $2,189 $3,462 $138,114 
The following table presents the amortized cost of loan and lease modifications and type of concession that were modified in the previous twelve months and subsequently had a payment default, as of December 31, 2023:
December 31, 2023
(in thousands)Term ExtensionOther -Than-Insignificant Payment DelayCombination - Term Extension and Other-than-Insignificant Payment Delay
Commercial
  Lines of credit & other, net$1,422 $— $— 
  Leases & equipment finance, net280 — — 
Residential
  Mortgage, net— 977 1,033 
Total loans and leases experiencing financial difficulty with a subsequent default$1,702 $977 $1,033 
Schedule Of Troubled Debt Restructurings
The following tables presents TDR loans by accrual versus non-accrual status and by portfolio segment as of December 31, 2022: 
December 31, 2022
(in thousands)Accrual StatusNon-Accrual StatusTotal Modification# of Contracts
Commercial real estate, net$279 $23 $302 3 
Commercial, net188 — 188 1 
Residential, net6,291 — 6,291 40 
Consumer & other, net9 — 9 2 
Total, net of deferred fees and costs$6,767 $23 $6,790 46 
 
The following table presents loans that were determined to be TDRs during the year ended December 31, 2022:  
(in thousands)2022
Commercial real estate, net$278 
Commercial, net188 
Residential, net6,046 
Total, net of deferred fees and costs$6,512 
Internal Risk Rating By Loan Class
The following tables represent the amortized costs basis of the loans and leases by credit classification and vintage year by loan and lease class of financing receivable as of December 31, 2023 and 2022:
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202320232022202120202019PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass/Watch$582,178 $1,307,143 $1,182,485 $615,021 $764,821 $1,832,231 $41,194 $— $6,325,073 
Special mention— 317 3,478 1,337 2,480 16,352 — — 23,964 
Substandard32,461 749 — 1,090 35,214 64,304 — — 133,818 
Loss— — — — — 85 — — 85 
Total non-owner occupied term, net$614,639 $1,308,209 $1,185,963 $617,448 $802,515 $1,912,972 $41,194 $— $6,482,940 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Owner occupied term, net
Credit quality indicator:
Pass/Watch$532,482 $1,067,388 $972,130 $448,569 $581,616 $1,351,172 $67,063 $— $5,020,420 
Special mention1,575 5,950 6,175 4,945 14,610 15,513 1,932 — 50,700 
Substandard4,034 7,707 48,281 17,275 10,513 35,216 — — 123,026 
Doubtful— — — — — 90 — — 90 
Loss— 963 — 404 — 2 — — 1,369 
Total owner occupied term, net$538,091 $1,082,008 $1,026,586 $471,193 $606,739 $1,401,993 $68,995 $— $5,195,605 
Current YTD period:
Gross charge-offs$— $16 $— $— $— $787 $— $— $803 
Multifamily, net
Credit quality indicator:
Pass/Watch$272,084 $1,982,075 $1,660,492 $400,280 $590,379 $745,705 $51,480 $— $5,702,495 
Special mention— — 1,278 — 961 — — — 2,239 
Total multifamily, net$272,084 $1,982,075 $1,661,770 $400,280 $591,340 $745,705 $51,480 $— $5,704,734 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction & development, net
Credit quality indicator:
Pass/Watch$248,623 $716,207 $530,305 $186,680 $21,990 $10,738 $31,289 $— $1,745,832 
Special mention— 1,470 — — — — — — 1,470 
Total construction & development, net$248,623 $717,677 $530,305 $186,680 $21,990 $10,738 $31,289 $— $1,747,302 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Residential development, net
Credit quality indicator:
Pass/Watch$90,241 $86,078 $22,271 $— $— $1,329 $116,490 $6,149 $322,558 
Special mention— — — — — — 1,341 — 1,341 
Total residential development, net$90,241 $86,078 $22,271 $— $— $1,329 $117,831 $6,149 $323,899 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total commercial real estate$1,763,678 $5,176,047 $4,426,895 $1,675,601 $2,022,584 $4,072,737 $310,789 $6,149 $19,454,480 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202320232022202120202019PriorTotal
Commercial:
Term, net
Credit quality indicator:
Pass/Watch$835,662 $1,215,539 $933,970 $391,735 $271,974 $560,595 $1,097,630 $50,874 $5,357,979 
Special mention23,250 14,875 29,128 109 3,340 16,476 — — 87,178 
Substandard2,911 13,862 13,981 3,068 7,385 7,859 31,399 4,139 84,604 
Doubtful— 1,329 335 796 197 699 — — 3,356 
Loss— 415 — 648 51 2,534 — — 3,648 
Total term, net$861,823 $1,246,020 $977,414 $396,356 $282,947 $588,163 $1,129,029 $55,013 $5,536,765 
Current YTD period:
Gross charge-offs$3,000 $1,418 $— $415 $389 $886 $44 $808 $6,960 
Lines of credit & other, net
Credit quality indicator:
Pass/Watch$105,360 $105,791 $58,441 $12,266 $10,927 $16,108 $1,922,115 $5,676 $2,236,684 
Special mention476 635 394 — — 80 61,927 403 63,915 
Substandard7,807 4,161 — — — 593 83,304 32,509 128,374 
Doubtful— — — — — — 48 211 259 
Loss— 693 200 — 1 1 — — 895 
Total lines of credit & other, net$113,643 $111,280 $59,035 $12,266 $10,928 $16,782 $2,067,394 $38,799 $2,430,127 
Current YTD period:
Gross charge-offs$30 $168 $— $47 $144 $45 $1,058 $1,809 $3,301 
Leases & equipment finance, net
Credit quality indicator:
Pass/Watch$682,866 $501,867 $200,499 $92,402 $61,065 $33,908 $— $— $1,572,607 
Special mention46,806 15,962 6,182 1,688 7,224 77 — — 77,939 
Substandard7,094 15,274 6,704 2,163 1,246 1,161 — — 33,642 
Doubtful5,833 22,566 9,036 3,161 1,700 208 — — 42,504 
Loss395 1,485 581 292 58 9 — — 2,820 
Total leases & equipment finance, net$742,994 $557,154 $223,002 $99,706 $71,293 $35,363 $— $— $1,729,512 
Current YTD period:
Gross charge-offs$2,324 $47,116 $31,569 $9,111 $6,394 $3,087 $— $— $99,601 
Total commercial$1,718,460 $1,914,454 $1,259,451 $508,328 $365,168 $640,308 $3,196,423 $93,812 $9,696,404 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202320232022202120202019PriorTotal
Residential:
Mortgage, net
Credit quality indicator:
Pass/Watch$221,207 $1,845,395 $2,355,420 $521,177 $443,152 $735,801 $— $— $6,122,152 
Special mention1,125 916 1,737 651 1,156 4,109 — — 9,694 
Substandard1,851 2,617 2,826 787 1,759 8,746 — — 18,586 
Loss159 2,724 970 851 220 1,810 — — 6,734 
Total mortgage, net$224,342 $1,851,652 $2,360,953 $523,466 $446,287 $750,466 $— $— $6,157,166 
Current YTD period:
Gross charge-offs$— $— $— $— $— $6 $— $— $6 
Home equity loans & lines, net
Credit quality indicator:
Pass/Watch$562 $1,242 $1,056 $100 $896 $35,677 $1,870,270 $17,807 $1,927,610 
Special mention— — — — 114 378 5,052 1,230 6,774 
Substandard— — — — 137 190 1,278 174 1,779 
Loss14 — — — — 85 1,286 618 2,003 
Total home equity loans & lines, net$576 $1,242 $1,056 $100 $1,147 $36,330 $1,877,886 $19,829 $1,938,166 
Current YTD period:
Gross charge-offs$— $— $12 $29 $— $52 $448 $— $541 
Total residential$224,918 $1,852,894 $2,362,009 $523,566 $447,434 $786,796 $1,877,886 $19,829 $8,095,332 
Consumer & other, net:
Credit quality indicator:
Pass/Watch$39,977 $14,919 $7,132 $4,953 $3,441 $5,022 $118,125 $543 $194,112 
Special mention138 52 5 13 52 122 779 135 1,296 
Substandard— — — — 3 1 251 63 318 
Loss— — — — — 7 2 — 9 
Total consumer & other, net$40,115 $14,971 $7,137 $4,966 $3,496 $5,152 $119,157 $741 $195,735 
Current YTD period:
Gross charge-offs$3,313 $132 $23 $20 $29 $288 $1,485 $472 $5,762 
Grand total$3,747,171 $8,958,366 $8,055,492 $2,712,461 $2,838,682 $5,504,993 $5,504,255 $120,531 $37,441,951