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Loans and Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract] |
Summary of Loans and Leases by Segment | The following table summarizes loans and leases by portfolio segment and class:
| At December 31,
(In thousands) | 2024 |  | 2023
Commercial non-mortgage | $ | 18,037,942 |  |  | $ | 16,885,475 |
Asset-based | 1,404,007 |  |  | 1,557,841 |
Commercial real estate | 14,492,436 |  |  | 13,569,762 |
Multi-family | 6,898,600 |  |  | 7,587,970 |
Equipment financing | 1,235,016 |  |  | 1,328,786 |
Commercial portfolio | 42,068,001 |  |  | 40,929,834 |
Residential | 8,853,669 |  |  | 8,227,923 |
Home equity | 1,427,692 |  |  | 1,516,955 |
Other consumer | 155,806 |  |  | 51,340 |
Consumer portfolio | 10,437,167 |  |  | 9,796,218 |
Loans and leases | $ | 52,505,168 |  |  | $ | 50,726,052 |
Summary of Loans and Leases | The following tables summarize the aging of accrual and non-accrual loans and leases by class:
| At December 31, 2024
(In thousands) | 30-59 Days Past Due and Accruing | 60-89 Days Past Due and Accruing | 90 or More Days Past Due and Accruing | Non-accrual | Total Past Due and Non-accrual | Current (1) | Total Loans and Leases
Commercial non-mortgage | $ | 3,949 |  | $ | 3,318 |  | $ | — |  | $ | 248,078 |  | $ | 255,345 |  | $ | 17,782,597 |  | $ | 18,037,942 |
Asset-based | — |  | 21,997 |  | — |  | 20,787 |  | 42,784 |  | 1,361,223 |  | 1,404,007 |
Commercial real estate | 22,115 |  | 558 |  | — |  | 120,151 |  | 142,824 |  | 14,349,612 |  | 14,492,436 |
Multi-family | 2,508 |  | 26,377 |  | — |  | 18,043 |  | 46,928 |  | 6,851,672 |  | 6,898,600 |
Equipment financing | 6,096 |  | 3,300 |  | — |  | 19,367 |  | 28,763 |  | 1,206,253 |  | 1,235,016 |
Commercial portfolio | 34,668 |  | 55,550 |  | — |  | 426,426 |  | 516,644 |  | 41,551,357 |  | 42,068,001 |
Residential | 9,595 |  | 4,604 |  | — |  | 12,750 |  | 26,949 |  | 8,826,720 |  | 8,853,669 |
Home equity | 6,273 |  | 2,381 |  | — |  | 21,425 |  | 30,079 |  | 1,397,613 |  | 1,427,692 |
Other consumer | 349 |  | 162 |  | — |  | 124 |  | 635 |  | 155,171 |  | 155,806 |
Consumer portfolio | 16,217 |  | 7,147 |  | — |  | 34,299 |  | 57,663 |  | 10,379,504 |  | 10,437,167 |
Total | $ | 50,885 |  | $ | 62,697 |  | $ | — |  | $ | 460,725 |  | $ | 574,307 |  | $ | 51,930,861 |  | $ | 52,505,168 |
(1)At December 31, 2024, there were $32.7 million commercial loans that had reached their contractual maturity but were actively in the process of being refinanced with the Company. Due to the status of the refinancing, these commercial loans have been reported as current in the table above. In January 2025, all of such commercial loans were approved and refinanced.
| At December 31, 2023
(In thousands) | 30-59 Days Past Due and Accruing | 60-89 Days Past Due and Accruing | 90 or More Days Past Due and Accruing | Non-accrual | Total Past Due and Non-accrual | Current | Total Loans and Leases
Commercial non-mortgage | $ | 2,270 |  | $ | 890 |  | $ | 94 |  | $ | 122,855 |  | $ | 126,109 |  | $ | 16,759,366 |  | $ | 16,885,475 |
Asset-based | — |  | — |  | — |  | 35,068 |  | 35,068 |  | 1,522,773 |  | 1,557,841 |
Commercial real estate | 1,459 |  | — |  | 184 |  | 11,383 |  | 13,026 |  | 13,556,736 |  | 13,569,762 |
Multi-family | 5,198 |  | 2,340 |  | — |  | — |  | 7,538 |  | 7,580,432 |  | 7,587,970 |
Equipment financing | 3,966 |  | 8 |  | — |  | 9,828 |  | 13,802 |  | 1,314,984 |  | 1,328,786 |
Commercial portfolio | 12,893 |  | 3,238 |  | 278 |  | 179,134 |  | 195,543 |  | 40,734,291 |  | 40,929,834 |
Residential | 14,894 |  | 6,218 |  | — |  | 5,704 |  | 26,816 |  | 8,201,107 |  | 8,227,923 |
Home equity | 5,676 |  | 3,285 |  | — |  | 23,545 |  | 32,506 |  | 1,484,449 |  | 1,516,955 |
Other consumer | 410 |  | 94 |  | — |  | 142 |  | 646 |  | 50,694 |  | 51,340 |
Consumer portfolio | 20,980 |  | 9,597 |  | — |  | 29,391 |  | 59,968 |  | 9,736,250 |  | 9,796,218 |
Total | $ | 33,873 |  | $ | 12,835 |  | $ | 278 |  | $ | 208,525 |  | $ | 255,511 |  | $ | 50,470,541 |  | $ | 50,726,052 |
The following table provides additional information on non-accrual loans and leases:
| At December 31,
| 2024 |  | 2023
(In thousands) | Non-accrual | Non-accrual With No Allowance |  | Non-accrual | Non-accrual With No Allowance
Commercial non-mortgage | $ | 248,078 |  | $ | 50,943 |  |  | $ | 122,855 |  | $ | 20,066 |
Asset-based | 20,787 |  | 1,080 |  |  | 35,068 |  | 1,330 |
Commercial real estate | 120,151 |  | 26,666 |  |  | 11,383 |  | 2,681 |
Multi-family | 18,043 |  | 17,953 |  |  | — |  | — |
Equipment financing | 19,367 |  | 1,809 |  |  | 9,828 |  | 1,584 |
Commercial portfolio | 426,426 |  | 98,451 |  |  | 179,134 |  | 25,661 |
Residential | 12,750 |  | 6,923 |  |  | 5,704 |  | 856 |
Home equity | 21,425 |  | 12,225 |  |  | 23,545 |  | 12,471 |
Other consumer | 124 |  | 3 |  |  | 142 |  | 49 |
Consumer portfolio | 34,299 |  | 19,151 |  |  | 29,391 |  | 13,376 |
Total | $ | 460,725 |  | $ | 117,602 |  |  | $ | 208,525 |  | $ | 39,037 |
Summary of Activity on Loans and Leases | Allowance for Credit Losses on Loans and Leases The following tables summarize the change in the ACL on loans and leases by portfolio segment:
| At or for the Years ended December 31,
| 2024 |  | 2023 |  | 2022
(In thousands) | Commercial Portfolio | Consumer Portfolio | Total |  | Commercial Portfolio | Consumer Portfolio | Total |  | Commercial Portfolio | Consumer Portfolio | Total
ACL on loans and leases: |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 577,663 |  | $ | 58,074 |  | $ | 635,737 |  |  | $ | 533,125 |  | $ | 61,616 |  | $ | 594,741 |  |  | $ | 257,877 |  | $ | 43,310 |  | $ | 301,187 |
Adoption of ASU No. 2022-02 | — |  | — |  | — |  |  | 7,704 |  | (1,831) |  | 5,873 |  |  | — |  | — |  | — |
Initial allowance for PCD loans and leases (1) | — |  | — |  | — |  |  | — |  | — |  | — |  |  | 78,376 |  | 9,669 |  | 88,045 |
Provision (benefit) | 225,599 |  | (4,856) |  | 220,743 |  |  | 138,057 |  | 5,152 |  | 143,209 |  |  | 268,295 |  | 4,502 |  | 272,797 |
Charge-offs | (171,460) |  | (5,010) |  | (176,470) |  |  | (104,509) |  | (12,703) |  | (117,212) |  |  | (82,860) |  | (4,662) |  | (87,522) |
Recoveries | 4,069 |  | 5,487 |  | 9,556 |  |  | 3,286 |  | 5,840 |  | 9,126 |  |  | 11,437 |  | 8,797 |  | 20,234 |
Balance, end of period | $ | 635,871 |  | $ | 53,695 |  | $ | 689,566 |  |  | $ | 577,663 |  | $ | 58,074 |  | $ | 635,737 |  |  | $ | 533,125 |  | $ | 61,616 |  | $ | 594,741 |
Individually evaluated for credit losses | 68,013 |  | 693 |  | 68,706 |  |  | 43,559 |  | 4,635 |  | 48,194 |  |  | 34,793 |  | 12,441 |  | 47,234 |
Collectively evaluated for credit losses | $ | 567,858 |  | $ | 53,002 |  | $ | 620,860 |  |  | $ | 534,104 |  | $ | 53,439 |  | $ | 587,543 |  |  | $ | 498,332 |  | $ | 49,175 |  | $ | 547,507 |
(1)Represents the establishment of the initial reserve for PCD loans and leases, which is reported net of $48.3 million of day one charge-offs recognized at the date of acquisition in accordance with GAAP.
Summary of Amortized Cost Basis of Loans and Leases | The following tables summarize the amortized cost basis of commercial loans and leases by Composite Credit Risk Profile grade and origination year:
| At December 31, 2024
(In thousands) | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans Amortized Cost Basis | Total
Commercial non-mortgage: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
Pass | $ | 2,917,048 |  | $ | 1,916,905 |  | $ | 2,818,720 |  | $ | 1,100,575 |  | $ | 562,252 |  | $ | 1,211,312 |  | $ | 6,325,637 |  | $ | 16,852,449 |
Special mention | 31,587 |  | 66,770 |  | 156,555 |  | 51,055 |  | 30,669 |  | 4,203 |  | 44,017 |  | 384,856 |
Substandard | 56,307 |  | 125,735 |  | 237,362 |  | 92,134 |  | 16,466 |  | 63,998 |  | 208,608 |  | 800,610 |
Doubtful | — |  | — |  | — |  | 1 |  | — |  | 25 |  | 1 |  | 27 |
Total commercial non-mortgage | 3,004,942 |  | 2,109,410 |  | 3,212,637 |  | 1,243,765 |  | 609,387 |  | 1,279,538 |  | 6,578,263 |  | 18,037,942 |
Current period gross write-offs | — |  | 11,894 |  | 45,308 |  | 10,668 |  | 3,842 |  | 3,385 |  | 15,169 |  | 90,266 |
Asset-based: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
Pass | 1,250 |  | 11,684 |  | — |  | — |  | — |  | 20,255 |  | 1,132,901 |  | 1,166,090 |
Special mention | — |  | — |  | — |  | — |  | — |  | 5,226 |  | 90,372 |  | 95,598 |
Substandard | — |  | 2,562 |  | — |  | — |  | — |  | 1,239 |  | 138,518 |  | 142,319 |
Total asset-based | 1,250 |  | 14,246 |  | — |  | — |  | — |  | 26,720 |  | 1,361,791 |  | 1,404,007 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | — |  | 6,091 |  | 6,091 |
Commercial real estate: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
Pass | 1,867,468 |  | 2,334,965 |  | 3,186,098 |  | 1,462,814 |  | 944,367 |  | 3,465,817 |  | 197,998 |  | 13,459,527 |
Special mention | — |  | 12,809 |  | 175,252 |  | 37,307 |  | 37,469 |  | 64,483 |  | — |  | 327,320 |
Substandard | — |  | 131,108 |  | 69,829 |  | 121,139 |  | 112,582 |  | 262,079 |  | 8,852 |  | 705,589 |
Total commercial real estate | 1,867,468 |  | 2,478,882 |  | 3,431,179 |  | 1,621,260 |  | 1,094,418 |  | 3,792,379 |  | 206,850 |  | 14,492,436 |
Current period gross write-offs | — |  | 854 |  | 1,244 |  | 1,579 |  | 15,477 |  | 22,674 |  | — |  | 41,828 |
Multi-family: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
Pass | 582,363 |  | 1,394,855 |  | 1,314,395 |  | 862,273 |  | 245,802 |  | 2,179,207 |  | 16,991 |  | 6,595,886 |
Special mention | — |  | 14,365 |  | 93,396 |  | 18,790 |  | 70,908 |  | 8,588 |  | — |  | 206,047 |
Substandard | — |  | — |  | 16,761 |  | 27,102 |  | 26,720 |  | 26,084 |  | — |  | 96,667 |
Total multi-family | 582,363 |  | 1,409,220 |  | 1,424,552 |  | 908,165 |  | 343,430 |  | 2,213,879 |  | 16,991 |  | 6,898,600 |
Current period gross write-offs | — |  | — |  | — |  | 4,955 |  | 6,264 |  | 11,678 |  | — |  | 22,897 |
Equipment financing: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
Pass | 382,783 |  | 242,440 |  | 207,081 |  | 126,399 |  | 83,838 |  | 124,910 |  | — |  | 1,167,451 |
Special mention | 1,298 |  | 231 |  | — |  | 55 |  | — |  | — |  | — |  | 1,584 |
Substandard | 572 |  | 16,228 |  | 18,341 |  | 16,970 |  | 5,514 |  | 8,356 |  | — |  | 65,981 |
Total equipment financing | 384,653 |  | 258,899 |  | 225,422 |  | 143,424 |  | 89,352 |  | 133,266 |  | — |  | 1,235,016 |
Current period gross write-offs | — |  | 5,146 |  | 1,705 |  | 52 |  | — |  | 3,475 |  | — |  | 10,378 |
Total commercial portfolio | 5,840,676 |  | 6,270,657 |  | 8,293,790 |  | 3,916,614 |  | 2,136,587 |  | 7,445,782 |  | 8,163,895 |  | 42,068,001 |
Current period gross write-offs | $ | — |  | $ | 17,894 |  | $ | 48,257 |  | $ | 17,254 |  | $ | 25,583 |  | $ | 41,212 |  | $ | 21,260 |  | $ | 171,460 |
| At December 31, 2023
(In thousands) | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans Amortized Cost Basis | Total
Commercial non-mortgage: |  |  |  |  |  |  |  |
Pass | $ | 2,602,444 |  | $ | 4,089,327 |  | $ | 1,371,139 |  | $ | 711,362 |  | $ | 610,199 |  | $ | 952,097 |  | $ | 5,970,588 |  | $ | 16,307,156 |
Special mention | 15,184 |  | 60,240 |  | 61,235 |  | 33,111 |  | — |  | 720 |  | 48,561 |  | 219,051 |
Substandard | 48,849 |  | 104,087 |  | 23,258 |  | 28,222 |  | 44,612 |  | 30,426 |  | 79,778 |  | 359,232 |
Doubtful | — |  | 8 |  | — |  | — |  | 3 |  | 25 |  | — |  | 36 |
Total commercial non-mortgage | 2,666,477 |  | 4,253,662 |  | 1,455,632 |  | 772,695 |  | 654,814 |  | 983,268 |  | 6,098,927 |  | 16,885,475 |
Current period gross write-offs | 325 |  | 7,637 |  | 1,775 |  | 512 |  | 969 |  | 4,391 |  | — |  | 15,609 |
Asset-based: |  |  |  |  |  |  |  |
Pass | 23,007 |  | — |  | — |  | — |  | 3,280 |  | 34,999 |  | 1,333,271 |  | 1,394,557 |
Special mention | 651 |  | 763 |  | — |  | — |  | 3,676 |  | — |  | 29,610 |  | 34,700 |
Substandard | — |  | — |  | — |  | — |  | 1,330 |  | — |  | 127,254 |  | 128,584 |
Total asset-based | 23,658 |  | 763 |  | — |  | — |  | 8,286 |  | 34,999 |  | 1,490,135 |  | 1,557,841 |
Current period gross write-offs | — |  | — |  | — |  | — |  | 13,189 |  | 3,900 |  | — |  | 17,089 |
Commercial real estate: |  |  |  |  |  |  |  |
Pass | 2,265,428 |  | 3,502,425 |  | 1,831,005 |  | 1,195,732 |  | 1,193,642 |  | 3,112,770 |  | 176,668 |  | 13,277,670 |
Special mention | 850 |  | 4,675 |  | 14,463 |  | 31,405 |  | 23,443 |  | 37,688 |  | 1,210 |  | 113,734 |
Substandard | 25,802 |  | 16,179 |  | 9,545 |  | 15,418 |  | 58,602 |  | 52,812 |  | — |  | 178,358 |
Total commercial real estate | 2,292,080 |  | 3,523,279 |  | 1,855,013 |  | 1,242,555 |  | 1,275,687 |  | 3,203,270 |  | 177,878 |  | 13,569,762 |
Current period gross write-offs | 4,632 |  | — |  | 12,617 |  | 3,813 |  | 2,754 |  | 38,569 |  | — |  | 62,385 |
Multi-family: |  |  |  |  |  |  |  |
Pass | 1,597,599 |  | 1,934,100 |  | 1,041,416 |  | 442,888 |  | 595,676 |  | 1,920,618 |  | — |  | 7,532,297 |
Special mention | — |  | — |  | — |  | — |  | 260 |  | 35,942 |  | — |  | 36,202 |
Substandard | — |  | — |  | — |  | 364 |  | 11,563 |  | 7,544 |  | — |  | 19,471 |
Total multi-family | 1,597,599 |  | 1,934,100 |  | 1,041,416 |  | 443,252 |  | 607,499 |  | 1,964,104 |  | — |  | 7,587,970 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | 3,447 |  | — |  | 3,447 |
Equipment financing: |  |  |  |  |  |  |  |
Pass | 335,874 |  | 297,186 |  | 232,304 |  | 176,061 |  | 183,679 |  | 69,927 |  | — |  | 1,295,031 |
Special mention | — |  | — |  | 116 |  | — |  | 90 |  | — |  | — |  | 206 |
Substandard | — |  | 9,144 |  | 8,064 |  | 6,600 |  | 4,285 |  | 5,456 |  | — |  | 33,549 |
Total equipment financing | 335,874 |  | 306,330 |  | 240,484 |  | 182,661 |  | 188,054 |  | 75,383 |  | — |  | 1,328,786 |
Current period gross write-offs | — |  | — |  | — |  | 2,633 |  | 3,304 |  | 42 |  | — |  | 5,979 |
Total commercial portfolio | 6,915,688 |  | 10,018,134 |  | 4,592,545 |  | 2,641,163 |  | 2,734,340 |  | 6,261,024 |  | 7,766,940 |  | 40,929,834 |
Current period gross write-offs | $ | 4,957 |  | $ | 7,637 |  | $ | 14,392 |  | $ | 6,958 |  | $ | 20,216 |  | $ | 50,349 |  | $ | — |  | $ | 104,509 |
The following tables summarize the amortized cost basis of consumer loans by FICO score and origination year:
| At December 31, 2024
(In thousands) | 2024 | 2023 | 2022 | 2021 | 2020 | Prior | Revolving Loans Amortized Cost Basis | Total
Residential: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
800+ | $ | 312,771 |  | $ | 299,006 |  | $ | 909,109 |  | $ | 1,097,807 |  | $ | 433,950 |  | $ | 956,478 |  | $ | — |  | $ | 4,009,121 |
740-799 | 649,118 |  | 258,699 |  | 567,545 |  | 656,599 |  | 235,749 |  | 623,989 |  | — |  | 2,991,699 |
670-739 | 172,886 |  | 123,354 |  | 317,373 |  | 271,247 |  | 80,318 |  | 550,252 |  | — |  | 1,515,430 |
580-669 | 16,643 |  | 13,382 |  | 55,507 |  | 35,292 |  | 16,738 |  | 109,240 |  | — |  | 246,802 |
579 and below | 237 |  | 2,680 |  | 12,617 |  | 21,387 |  | 3,791 |  | 49,905 |  | — |  | 90,617 |
Total residential | 1,151,655 |  | 697,121 |  | 1,862,151 |  | 2,082,332 |  | 770,546 |  | 2,289,864 |  | — |  | 8,853,669 |
Current period gross write-offs | — |  | — |  | — |  | — |  | — |  | 147 |  | — |  | 147 |
Home equity: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
800+ | 12,313 |  | 25,226 |  | 23,512 |  | 32,695 |  | 22,705 |  | 53,844 |  | 365,741 |  | 536,036 |
740-799 | 12,238 |  | 21,831 |  | 20,718 |  | 23,517 |  | 10,861 |  | 33,703 |  | 330,691 |  | 453,559 |
670-739 | 11,416 |  | 14,298 |  | 12,732 |  | 13,074 |  | 6,242 |  | 28,638 |  | 224,449 |  | 310,849 |
580-669 | 1,755 |  | 2,570 |  | 1,685 |  | 2,172 |  | 754 |  | 9,471 |  | 67,745 |  | 86,152 |
579 and below | 58 |  | 799 |  | 2,401 |  | 726 |  | 429 |  | 4,254 |  | 32,429 |  | 41,096 |
Total home equity | 37,780 |  | 64,724 |  | 61,048 |  | 72,184 |  | 40,991 |  | 129,910 |  | 1,021,055 |  | 1,427,692 |
Current period gross write-offs | — |  | — |  | — |  | — |  | 2 |  | 444 |  | 351 |  | 797 |
Other consumer: |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |
800+ | 4,920 |  | 312 |  | 218 |  | 1,765 |  | 50 |  | 284 |  | 31,549 |  | 39,098 |
740-799 | 45,001 |  | 721 |  | 301 |  | 165 |  | 124 |  | 266 |  | 3,550 |  | 50,128 |
670-739 | 57,952 |  | 432 |  | 372 |  | 313 |  | 220 |  | 188 |  | 3,349 |  | 62,826 |
580-669 | 1,417 |  | 116 |  | 105 |  | 69 |  | 25 |  | 81 |  | 1,150 |  | 2,963 |
579 and below | 29 |  | 93 |  | 63 |  | 28 |  | 9 |  | — |  | 569 |  | 791 |
Total other consumer | 109,319 |  | 1,674 |  | 1,059 |  | 2,340 |  | 428 |  | 819 |  | 40,167 |  | 155,806 |
Current period gross write-offs | 3,467 |  | 17 |  | 34 |  | 20 |  | 113 |  | 193 |  | 222 |  | 4,066 |
Total consumer portfolio | 1,298,754 |  | 763,519 |  | 1,924,258 |  | 2,156,856 |  | 811,965 |  | 2,420,593 |  | 1,061,222 |  | 10,437,167 |
Current period gross write-offs | $ | 3,467 |  | $ | 17 |  | $ | 34 |  | $ | 20 |  | $ | 115 |  | $ | 784 |  | $ | 573 |  | $ | 5,010 |
| At December 31, 2023
(In thousands) | 2023 | 2022 | 2021 | 2020 | 2019 | Prior | Revolving Loans Amortized Cost Basis | Total
Residential: |  |  |  |  |  |  |  |
800+ | $ | 214,446 |  | $ | 847,009 |  | $ | 1,096,109 |  | $ | 451,307 |  | $ | 141,919 |  | $ | 910,117 |  | $ | — |  | $ | 3,660,907 |
740-799 | 363,696 |  | 703,568 |  | 755,750 |  | 279,946 |  | 112,303 |  | 633,578 |  | — |  | 2,848,841 |
670-739 | 137,460 |  | 293,699 |  | 292,255 |  | 95,838 |  | 48,412 |  | 346,663 |  | — |  | 1,214,327 |
580-669 | 20,208 |  | 52,962 |  | 45,770 |  | 14,840 |  | 10,492 |  | 106,497 |  | — |  | 250,769 |
579 and below | 6,909 |  | 52,690 |  | 11,749 |  | 1,345 |  | 128,714 |  | 51,672 |  | — |  | 253,079 |
Total residential | 742,719 |  | 1,949,928 |  | 2,201,633 |  | 843,276 |  | 441,840 |  | 2,048,527 |  | — |  | 8,227,923 |
Current period gross write-offs | — |  | — |  | 387 |  | — |  | 153 |  | 4,630 |  | — |  | 5,170 |
Home equity: |  |  |  |  |  |  |  |
800+ | 27,047 |  | 27,439 |  | 35,927 |  | 25,586 |  | 8,110 |  | 56,062 |  | 391,616 |  | 571,787 |
740-799 | 24,772 |  | 20,069 |  | 27,147 |  | 13,888 |  | 5,158 |  | 34,190 |  | 355,926 |  | 481,150 |
670-739 | 15,857 |  | 15,655 |  | 15,389 |  | 5,992 |  | 3,189 |  | 29,454 |  | 242,189 |  | 327,725 |
580-669 | 3,080 |  | 3,786 |  | 1,991 |  | 1,658 |  | 1,115 |  | 9,988 |  | 70,102 |  | 91,720 |
579 and below | 696 |  | 1,109 |  | 1,079 |  | 576 |  | 552 |  | 6,319 |  | 34,242 |  | 44,573 |
Total home equity | 71,452 |  | 68,058 |  | 81,533 |  | 47,700 |  | 18,124 |  | 136,013 |  | 1,094,075 |  | 1,516,955 |
Current period gross write-offs | — |  | 4 |  | 81 |  | — |  | 104 |  | 3,114 |  | — |  | 3,303 |
Other consumer: |  |  |  |  |  |  |  |
800+ | 432 |  | 356 |  | 1,913 |  | 189 |  | 255 |  | 77 |  | 25,699 |  | 28,921 |
740-799 | 1,318 |  | 586 |  | 486 |  | 730 |  | 690 |  | 381 |  | 7,180 |  | 11,371 |
670-739 | 526 |  | 570 |  | 358 |  | 981 |  | 1,210 |  | 79 |  | 3,549 |  | 7,273 |
580-669 | 69 |  | 169 |  | 129 |  | 153 |  | 303 |  | 56 |  | 1,983 |  | 2,862 |
579 and below | 125 |  | 97 |  | 61 |  | 11 |  | 28 |  | 1 |  | 590 |  | 913 |
Total other consumer | 2,470 |  | 1,778 |  | 2,947 |  | 2,064 |  | 2,486 |  | 594 |  | 39,001 |  | 51,340 |
Current period gross write-offs | 3,263 |  | 7 |  | 2 |  | 218 |  | 377 |  | 363 |  | — |  | 4,230 |
Total consumer portfolio | 816,641 |  | 2,019,764 |  | 2,286,113 |  | 893,040 |  | 462,450 |  | 2,185,134 |  | 1,133,076 |  | 9,796,218 |
Current period gross write-offs | $ | 3,263 |  | $ | 11 |  | $ | 470 |  | $ | 218 |  | $ | 634 |  | $ | 8,107 |  | $ | — |  | $ | 12,703 |
The following tables summarize the amortized cost basis at December 31, 2024, and 2023, of loans modified to borrowers experiencing financial difficulty, disaggregated by class and type of concession granted:
| For the year ended December 31, 2024
(In thousands) | Interest Rate Reduction |  | Term Extension |  | Payment Delay |  | Combination-Term Extension & Interest Rate Reduction |  |  |  |  |  |  |  |  |  | Total |  | % of Total Class (2)
Commercial non-mortgage | $ | 9 |  |  | $ | 189,026 |  |  | $ | 34,642 |  |  | $ | 886 |  |  |  |  |  |  |  |  |  |  | $ | 224,563 |  |  | 1.2 | %
Asset-based | — |  |  | 24,112 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |  |  | 24,112 |  |  | 1.7 |
Commercial real estate | — |  |  | 122,088 |  |  | 1,347 |  |  | 8,112 |  |  |  |  |  |  |  |  |  |  | 131,547 |  |  | 0.9 |
Equipment financing | — |  |  | 289 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |  |  | 289 |  |  | — |
Residential | 618 |  |  | 141 |  |  | — |  |  | 890 |  |  |  |  |  |  |  |  |  |  | 1,649 |  |  | — |
Home equity | 275 |  |  | 337 |  |  | — |  |  | 309 |  |  |  |  |  |  |  |  |  |  | 921 |  |  | 0.1 |
Total (1) | $ | 902 |  |  | $ | 335,993 |  |  | $ | 35,989 |  |  | $ | 10,197 |  |  |  |  |  |  |  |  |  |  | $ | 383,081 |  |  | 0.7 | %
| For the year ended December 31, 2023
(In thousands) | Interest Rate Reduction |  | Term Extension |  | Payment Delay |  | Combination- Term Extension and Interest Rate Reduction |  | Combination- Term Extension & Payment Delay |  | Combination- Term Interest Rate Reduction & Payment Delay |  | Combination- Term Extension, Interest Rate Reduction, & Payment Delay |  | Total |  | % of Total Class (2)
Commercial non-mortgage | $ | — |  | $ | 96,895 |  | $ | 5,858 |  | $ | 1,062 |  | $ | 28,860 |  | $ | 35 |  | $ | 425 |  | $ | 133,135 |  | 0.8 | %
Asset-based | — |  | 45,042 |  | — |  | — |  | — |  | — |  | — |  | 45,042 |  | 2.9 |
Commercial real estate | — |  | 3,090 |  | 174 |  | 17,107 |  | 511 |  | — |  | — |  | 20,882 |  | 0.2 |
Equipment financing | — |  | 357 |  | 1,284 |  | — |  | — |  | — |  | — |  | 1,641 |  | 0.1 |
Residential | — |  | 186 |  | 804 |  | 136 |  | — |  | — |  | — |  | 1,126 |  | — |
Home equity | 62 |  | 76 |  | — |  | 513 |  | — |  | — |  | — |  | 651 |  | — |
Total (1) | $ | 62 |  | $ | 145,646 |  | $ | 8,120 |  | $ | 18,818 |  | $ | 29,371 |  | $ | 35 |  | $ | 425 |  | $ | 202,477 |  | 0.4 | %
(1)The total amortized cost excludes accrued interest receivable of $0.9 million and $0.7 million for the years ended December 31, 2024, and 2023, respectively. (2)Represents the total amortized cost of the loans modified as a percentage of the total period end loan balance by class. The following tables describes the financial effect of the modifications made to borrowers experiencing financial difficulty:
| For the year ended December 31, 2024
| Financial Effect (1)
Term Extension: |
Commercial non-mortgage | Extended term by a weighted average of 0.8 years
Asset-based | Extended term by a weighted average of 2.9 years
Commercial real estate | Extended term by a weighted average of 1.4 years
Payment Delay: |
Commercial non-mortgage | Provided payment deferrals for a weighted average of 0.5 years
Commercial real estate | Provided payment deferrals for a weighted average of 0.3 years to be received at contractual maturity
Combination - Term Extension and Interest Rate Reduction:
Commercial real estate | Extended term by a weighted average of 0.3 years and reduced weighted average interest rate by 2.0%
(1)Certain disclosures related to financial effects of 2024 modifications do not include those deemed to be immaterial.
| For the year ended December 31, 2023
| Financial Effect
Interest Rate Reduction: |
Home equity | Reduced weighted average interest rate by 0.5%
Term Extension: |
Commercial non-mortgage | Extended term by a weighted average of 1.3 years
Asset-based | Extended term by a weighted average of 0.7 years
Commercial real estate | Extended term by a weighted average of 2.2 years
Equipment financing | Extended term by a weighted average of 4.5 years
Residential | Extended term by a weighted average of 2.8 years
Home equity | Extended term by a weighted average of 10.1 years
Payment Delay: |
Commercial non-mortgage | Provided partial payment deferrals for a weighted average of 0.5 years
Commercial real estate | Provided payment deferrals for a weighted average of 0.3 years to be received at contractual maturity
Equipment financing | Provided partial payment deferrals for a weighted average of 0.5 years
Residential | Provided payment deferrals for a weighted average of 1.0 year
Combination - Term Extension & Interest Rate Reduction:
Commercial non-mortgage | Extended term by a weighted average of 1.4 years and reduced weighted average interest rate by 1.8%
Commercial real estate | Extended term by a weighted average of 3.0 years and reduced weighted average interest rate by 2.4%
Residential | Extended term by a weighted average of 17.9 years and reduced weighted average interest rate by 0.3%
Home equity | Extended term by a weighted average of 16.8 years and reduced weighted average interest rate by 2.1%
Combination - Term Extension & Payment Delay:
Commercial non-mortgage | Extended term by a weighted average of 1.1 years and provided partial payment deferrals for a weighted average of 1.0 year
Commercial real estate | Extended term by a weighted average of 0.5 years and provided payment deferrals for a weighted average of 0.5 years
Combination - Interest Rate Reduction & Payment Delay:
Commercial non-mortgage | Reduced weighted average interest rate by 2.0% and provided payment deferrals for a weighted average of 0.5 years
Combination - Term Extension, Interest Rate Reduction, & Payment Delay:
Commercial non-mortgage | Extended term by a weighted average of 0.5 years, reduced weighted average interest rate by 2.0%, and provided payment deferrals for a weighted average of 0.5 years
Summary of Aging of Loans Modified in Twelve Months Preceding | The following tables summarize the aging of loans that have been modified in the twelve months preceding December 31, 2024 and 2023:
| At December 31, 2024
(In thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  | Non-Accrual |  | Total
Commercial non-mortgage | $ | 64,081 |  | $ | 986 |  | $ | — |  | $ | — |  | $ | 159,498 |  | $ | 224,565
Asset-based | 24,112 |  | — |  | — |  | — |  | — |  | 24,112
Commercial real estate | 100,594 |  | — |  | — |  | — |  | 30,953 |  | 131,547
Equipment financing | 313 |  | 21 |  | — |  | — |  | — |  | 334
Residential | 1,426 |  | — |  | — |  | — |  | 223 |  | 1,649
Home equity | 319 |  | — |  | — |  | — |  | 602 |  | 921
Total | $ | 190,845 |  | $ | 1,007 |  | $ | — |  | $ | — |  | $ | 191,276 |  | $ | 383,128
| At December 31, 2023
(In thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  | Non-Accrual |  | Total
Commercial non-mortgage | $ | 107,852 |  | $ | — |  | $ | — |  | $ | — |  | $ | 25,283 |  | $ | 133,135
Asset-based | 45,042 |  | — |  | — |  | — |  | — |  | 45,042
Commercial real estate | 20,708 |  | — |  | — |  | — |  | 174 |  | 20,882
Equipment financing | 1,284 |  | — |  | — |  | — |  | 357 |  | 1,641
Residential | 990 |  | — |  | — |  | — |  | 136 |  | 1,126
Home equity | 547 |  | — |  | — |  | — |  | 104 |  | 651
Total | $ | 176,423 |  | $ | — |  | $ | — |  | $ | — |  | $ | 26,054 |  | $ | 202,477
Summary of Loans and Leases Modified | The following table summarizes loans and leases modified as TDRs by class and modification type:
|  |  | Year ended December 31, 2022
|  |  |  | Number of Contracts | Recorded Investment (1)
(Dollars in thousands)
Commercial non-mortgage: |  |  |  |  |
Extended maturity |  |  |  | 5 | $ | 291
Maturity / rate combined |  |  |  | 8 | 765
Other (2) |  |  |  | 19 | 52,070
Asset-based: |  |  |  |  |
Other (2) |  |  |  | 1 | 23,298
Equipment financing: |  |  |  |  |
Other (2) |  |  |  | 3 | 1,692
Residential: |  |  |  |  |
Extended maturity |  |  |  | 2 | 1,185
Maturity / rate combined |  |  |  | 2 | 133
Other (2) |  |  |  | 8 | 3,158
Home equity: |  |  |  |  |
Adjusted interest rate |  |  |  | 1 | 74
Maturity / rate combined |  |  |  | 21 | 2,623
Other (2) |  |  |  | 37 | 2,134
Total TDRs |  |  |  | 107 | $ | 87,423
(1)Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs due to restructurings was not significant. (2)Other includes covenant modifications, forbearance, discharges under Chapter 7 bankruptcy, or other concessions.

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