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Loans
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Loans Loans
The following table shows the Company’s loan portfolio by category as of the dates shown:

(Dollars in thousands)December 31, 2025December 31, 2024
Balance:
Commercial$17,044,686 $15,574,551 
Commercial real estate13,940,736 12,903,944 
Home equity480,525 445,028 
Residential real estate4,317,232 3,612,765 
Premium finance receivables—property & casualty8,183,416 7,272,042 
Premium finance receivables—life insurance9,023,642 8,147,145 
Consumer and other114,864 99,562 
Total loans, net of unearned income$53,105,101 $48,055,037 
Mix:
Commercial32 %32 %
Commercial real estate26 27 
Home equity1 1 
Residential real estate8 8 
Premium finance receivables—property & casualty16 15 
Premium finance receivables—life insurance17 17 
Consumer and other0 0 
Total loans, net of unearned income100 %100 %

The Company’s loan portfolio is generally comprised of loans to consumers and small to medium-sized businesses, which, for the commercial and commercial real estate portfolios, are located primarily within the geographic market areas that the banks serve. Various niche lending businesses, including lease finance and franchise lending, operate on a national level. The premium finance receivables portfolios are made to customers throughout the United States and Canada. The Company strives to maintain a loan portfolio that is diverse in terms of loan type, industry, borrower and geographic concentrations. Such diversification reduces the exposure to economic downturns that may occur in different segments of the economy or in different industries.

Certain premium finance receivables are recorded net of unearned income. The unearned income portions of such premium finance receivables were $268.6 million and $267.7 million at December 31, 2025 and 2024, respectively.

Total loans, excluding PCD loans, include net deferred loan fees and costs and fair value purchase accounting adjustments totaling $77.9 million at December 31, 2025 and $78.2 million at December 31, 2024.

Certain real estate loans, including mortgage loans held-for-sale, commercial, consumer, and home equity loans with balances totaling approximately $28.3 billion and $23.7 billion at December 31, 2025 and 2024, respectively, were pledged as collateral to secure the availability of borrowings from certain federal agency banks. At December 31, 2025, approximately $16.0 billion of these pledged loans are included in a pledge of qualifying loans to the FHLB. The remaining $12.3 billion of pledged loans was used to secure potential borrowings at the FRB discount window. At December 31, 2025 and 2024, the banks had outstanding borrowings of $3.5 billion and $3.2 billion from the FHLB in connection with these collateral arrangements. See Note (11) “Federal Home Loan Bank Advances” for a summary of these borrowings.

It is the policy of the Company to review each prospective credit in order to determine the appropriateness and, when required, the adequacy of security or collateral necessary to obtain when making a loan. The type of collateral, when required, will vary from liquid assets to real estate. The Company seeks to assure access to collateral, in the event of default, through adherence to state lending laws and the Company’s credit monitoring procedures.