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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Economic forecast Model Variables
The Bank opted to use Moody's Analytics' May 2025 consensus economic forecast for estimating the ACL as of June 30, 2025. In the consensus scenario, the probability that the economy will perform better than this consensus is equal to the probability that it will perform worse and includes the following variables:
2026202720282029
U.S. real GDP average annualized growth1.5 %2.0 %2.0 %2.0 %
U.S. unemployment rate average4.5 %4.3 %4.3 %4.1 %
Forecasted average federal funds rate3.3 %3.4 %3.4 %3.4 %

The Bank also uses an additional scenario with varying severity to assess ACL sensitivity and inform qualitative adjustments, keeping economic variables consistent. For this analysis, the Bank selected Moody's Analytics' May 2025 S2 scenario, which predicts a 75% probability of better economic performance and a 25% probability of worse performance. The scenario includes the following variables:
2026202720282029
U.S. real GDP average annualized growth0.2 %2.7 %2.9 %2.8 %
U.S. unemployment rate average6.9 %5.2 %4.6 %4.4 %
Forecasted average federal funds rate2.3 %2.0 %2.7 %2.9 %
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:
Three Months Ended June 30, 2025
  (in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$168,393 $214,483 $32,645 $5,974 $421,495 
(Recapture) provision for credit losses for loans and leases (8,564)33,776 2,043 1,502 28,757 
Charge-offs(77)(33,073)(285)(1,164)(34,599)
Recoveries71 4,676 187 320 5,254 
Net charge-offs(6)(28,397)(98)(844)(29,345)
Balance, end of period$159,823 $219,862 $34,590 $6,632 $420,907 
Reserve for unfunded commitments
Balance, beginning of period$7,765 $7,009 $1,516 $1,094 $17,384 
(Recapture) provision for credit losses on unfunded commitments(101)812 (37)18 692 
Balance, end of period7,664 7,821 1,479 1,112 18,076 
Total allowance for credit losses$167,487 $227,683 $36,069 $7,744 $438,983 
Six Months Ended June 30, 2025
 (in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$154,413 $218,668 $44,700 $6,848 $424,629 
Provision (recapture) for credit losses for loans and leases5,516 57,866 (9,807)1,369 54,944 
Charge-offs(196)(65,684)(588)(2,244)(68,712)
Recoveries90 9,012 285 659 10,046 
Net charge-offs(106)(56,672)(303)(1,585)(58,666)
Balance, end of period$159,823 $219,862 $34,590 $6,632 $420,907 
Reserve for unfunded commitments
Balance, beginning of period$5,932 $6,935 $2,084 $1,217 $16,168 
Provision (recapture) for credit losses on unfunded commitments1,732 886 (605)(105)1,908 
Balance, end of period7,664 7,821 1,479 1,112 18,076 
Total allowance for credit losses$167,487 $227,683 $36,069 $7,744 $438,983 
Three Months Ended June 30, 2024
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$146,276 $202,757 $58,010 $7,301 $414,344 
(Recapture) provision for credit losses for loans and leases(3,096)46,320 (9,032)568 34,760 
Charge-offs(585)(33,561)(504)(1,551)(36,201)
Recoveries551 4,198 411 608 5,768 
Net charge-offs(34)(29,363)(93)(943)(30,433)
Balance, end of period$143,146 $219,714 $48,885 $6,926 $418,671 
Reserve for unfunded commitments
Balance, beginning of period$13,028 $5,890 $2,757 $1,193 $22,868 
(Recapture) provision for credit losses on unfunded commitments(3,082)657 (479)(36)(2,940)
Balance, end of period9,946 6,547 2,278 1,157 19,928 
Total allowance for credit losses$153,092 $226,261 $51,163 $8,083 $438,599 
Six Months Ended June 30, 2024
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$125,888 $244,821 $62,004 $8,158 $440,871 
Provision (recapture) for credit losses for loans and leases17,095 46,756 (12,706)1,091 52,236 
Charge-offs(746)(80,793)(994)(3,421)(85,954)
Recoveries909 8,930 581 1,098 11,518 
Net recoveries (charge-offs)163 (71,863)(413)(2,323)(74,436)
Balance, end of period$143,146 $219,714 $48,885 $6,926 $418,671 
Reserve for unfunded commitments
Balance, beginning of period$11,170 $7,841 $2,940 $1,257 $23,208 
Recapture for credit losses on unfunded commitments(1,224)(1,294)(662)(100)(3,280)
Balance, end of period9,946 6,547 2,278 1,157 19,928 
Total allowance for credit losses$153,092 $226,261 $51,163 $8,083 $438,599 
Loans and Leases Past Due and Non-Accrual Loans and Leases
The following tables present the carrying value of the loans and leases past due, by loan and lease class, as of the dates presented:
June 30, 2025
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due
 90 Days or More and Accruing (2)
Total Past Due
Non-Accrual (2)
Current and OtherTotal Loans and Leases
Commercial real estate
Non-owner occupied term$26,522 $— $— $26,522 $17,126 $6,146,344 $6,189,992 
Owner occupied term4,960 422 361 5,743 13,613 5,300,173 5,319,529 
Multifamily132 — — 132 — 5,734,925 5,735,057 
Construction & development37,903 — — 37,903 — 2,031,824 2,069,727 
Residential development— — — — — 286,175 286,175 
Commercial
Term1,306 717 420 2,443 23,722 5,326,433 5,352,598 
Lines of credit & other3,959 1,284 — 5,243 23,639 2,921,900 2,950,782 
Leases & equipment finance17,019 15,466 5,161 37,646 19,448 1,584,356 1,641,450 
Residential
Mortgage (1)
— 18,054 71,237 89,291 — 5,740,542 5,829,833 
Home equity loans & lines9,514 3,422 4,326 17,262 — 2,065,504 2,082,766 
Consumer & other806 377 337 1,520 — 177,584 179,104 
Total, net of deferred fees and costs$102,121 $39,742 $81,842 $223,705 $97,548 $37,315,760 $37,637,013 
(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 $2.0 million at June 30, 2025.
(2) Includes government guaranteed portion of $30.7 million and $37.1 million for 90 days or greater and non-accrual loans, respectively.
December 31, 2024
 (in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due
90 Days or More and Accruing (2)
Total Past Due
Non-Accrual (2)
Current and OtherTotal Loans and Leases
Commercial real estate
Non-owner occupied term$27,954 $— $— $27,954 $14,577 $6,235,623 $6,278,154 
Owner occupied term1,411 169 — 1,580 24,755 5,243,959 5,270,294 
Multifamily— — — — — 5,804,364 5,804,364 
Construction & development— — — — — 1,983,213 1,983,213 
Residential development— — — — — 231,647 231,647 
Commercial
Term1,711 893 — 2,604 29,483 5,505,531 5,537,618 
Lines of credit & other5,345 5,523 206 11,074 6,666 2,751,903 2,769,643 
Leases & equipment finance15,318 17,117 4,478 36,913 20,997 1,602,925 1,660,835 
Residential
Mortgage (1)
— 17,844 61,228 79,072 — 5,854,280 5,933,352 
Home equity loans & lines5,348 5,369 6,691 17,408 — 2,014,245 2,031,653 
Consumer & other808 389 179 1,376 — 178,752 180,128 
Total, net of deferred fees and costs$57,895 $47,304 $72,782 $177,981 $96,478 $37,406,442 $37,680,901 
(1) Includes government guaranteed mortgage loans the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $2.4 million at December 31, 2024.
(2) Includes government guaranteed portion of $32.1 million and $41.5 million for 90 days or greater and non-accrual loans, respectively.
Collateral Dependent Loans and Leases The following tables summarize the amortized cost basis of the collateral-dependent loans and leases by the type of collateral securing the assets as of the periods indicated:
June 30, 2025
(in thousands)Residential Real EstateCommercial Real Estate General Business AssetsTotal
Commercial real estate
Non-owner occupied term$— $14,507 $— $14,507 
Owner occupied term— 9,347 — 9,347 
Commercial
Term972 1,341 13,988 16,301 
Lines of credit & other— 2,709 19,861 22,570 
Leases & equipment finance— — 19,448 19,448 
Residential
Mortgage
67,495 — — 67,495 
Home equity loans & lines2,103 — — 2,103 
Total, net of deferred fees and costs$70,570 $27,904 $53,297 $151,771 
December 31, 2024
(in thousands)Residential Real EstateCommercial Real Estate General Business AssetsTotal
Commercial real estate
Non-owner occupied term$— $13,116 $— $13,116 
Owner occupied term— 20,198 — 20,198 
Commercial
Term2,273 2,856 15,800 20,929 
Lines of credit & other— 1,501 3,645 5,146 
Leases & equipment finance— — 20,997 20,997 
Residential
Mortgage
79,440 — — 79,440 
Home equity loans & lines2,391 — — 2,391 
Total, net of deferred fees and costs$84,104 $37,671 $40,442 $162,217 
Loan and Lease Modifications Made to Borrowers Experiencing Financial Difficulty
The following tables present the amortized cost basis of loans and leases that were both experiencing financial difficulty and modified during the three and six months ended June 30, 2025 and 2024, by class and type of modification. The percentage of the amortized cost basis of loans and leases to borrowers in financial distress that were modified as compared to the amortized cost basis of each class of financing receivable is also presented below.
Three Months Ended June 30, 2025
(in thousands)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment DelayCombo - Interest Rate Reduction and Term ExtensionCombo - Term Extension and Other-than-Insignificant Payment DelayCombo - Interest Rate Reduction and Other- than- Insignificant Payment DelayTotal% of total class of financing receivable
Commercial real estate
Non-owner occupied term$— $— $— $21,124 $— $— $21,124 0.34 %
Owner occupied term— 3,011 — — — — 3,011 0.06 %
Construction & development— 2,137 — 7,800 — — 9,937 0.48 %
Commercial
Term— — 2,439 10,006 — — 12,445 0.23 %
Lines of credit & other— 10,338 — — 920 — 11,258 0.38 %
Leases & equipment finance— 1,215 — — — — 1,215 0.07 %
Residential
Mortgage
120 483 7,028 — 1,037 207 8,875 0.15 %
Total modified loans and leases experiencing financial difficulty$120 $17,184 $9,467 $38,930 $1,957 $207 $67,865 0.18 %
Six Months Ended June 30, 2025
(in thousands)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment DelayCombo - Interest Rate Reduction and Term ExtensionCombo - Term Extension and Other than Insignificant Payment DelayCombo - Interest Rate Reduction and Other -Than-Insignificant Payment DelayTotal% of total class of financing receivable
Commercial real estate
Non-owner occupied term$— $— $— $21,124 $— $— $21,124 0.34 %
Owner occupied term— 3,915 807 — — — 4,722 0.09 %
Construction & development— 2,137 — 7,800 — — 9,937 0.48 %
Commercial
Term281 — 8,401 10,006 — — 18,688 0.35 %
Lines of credit & other11,589 25,504 1,579 — 920 — 39,592 1.34 %
Leases & equipment finance— 2,102 — — — — 2,102 0.13 %
Residential
Mortgage
259 679 13,864 — 1,951 207 16,960 0.29 %
Total modified loans and leases experiencing financial difficulty$12,129 $34,337 $24,651 $38,930 $2,871 $207 $113,125 0.30 %
Three Months Ended June 30, 2024
(in thousands)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment DelayTotal% of total class of financing receivable
Commercial real estate
Owner occupied term$4,041 $— $— $4,041 0.08 %
Commercial
Term1,237 5,493 1,988 8,718 0.16 %
Lines of credit & other— 3,728 319 4,047 0.16 %
Leases & equipment finance— 866 — 866 0.05 %
Residential
Mortgage
— 1,447 7,389 8,836 0.15 %
Total modified loans and leases experiencing financial difficulty$5,278 $11,534 $9,696 $26,508 0.07 %
Six Months Ended June 30, 2024
(in thousands)Interest Rate ReductionTerm ExtensionOther -Than-Insignificant Payment DelayTotal% of total class of financing receivable
Commercial real estate
Non-owner occupied term$— $— $17,577 $17,577 0.27 %
Owner occupied term4,041 — 530 4,571 0.09 %
Commercial
Term1,237 5,944 1,988 9,169 0.16 %
Lines of credit & other— 10,913 319 11,232 0.44 %
Leases & equipment finance— 1,457 — 1,457 0.09 %
Residential
Mortgage
— 2,456 14,355 16,811 0.28 %
Total modified loans and leases experiencing financial difficulty$5,278 $20,770 $34,769 $60,817 0.16 %
The following tables present the financial effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented:
Three Months Ended June 30, 2025
Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment Delay
(dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Term ExtensionDeferral Amount
Commercial real estate
Non-owner occupied term3.54 %1.9 years— 
Owner occupied term— 4 months— 
Construction & development3.57 %5 months— 
Commercial
Term3.54 %1.9 years$200 
Lines of credit & other— 5 months$996 
Leases & equipment finance— 1.0 year— 
Residential
Mortgage
0.60 %11.8 years$522 
Six Months Ended June 30, 2025
Interest Rate ModificationTerm ExtensionOther-Than-Insignificant Payment Delay
(dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Term ExtensionDeferral Amount
Commercial real estate
Non-owner occupied term3.54 %1.9 years— 
Owner occupied term— 5 months$894 
Construction & development3.57 %5 months— 
Commercial
Term3.45 %1.9 years$444 
Lines of credit & other0.26 %9 months$3,142 
Leases & equipment finance— 1.0 year— 
Residential
Mortgage
0.57 %9.8 years$1,171 
Three Months Ended June 30, 2024
Interest Rate ModificationTerm ExtensionOther-Than-Insignificant Payment Delay
(dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Term ExtensionDeferral Amount
Commercial real estate
Owner occupied term3.79 %— — 
Commercial
Term5.00 %6 months$77 
Lines of credit & other— 9 months$48 
Leases & equipment finance— 11 months— 
Residential
Mortgage
— 4.7 years$531 
Six Months Ended June 30, 2024
Interest Rate ModificationTerm ExtensionOther-Than-Insignificant Payment Delay
(dollars in thousands)Weighted-Average Interest Rate ReductionWeighted-Average Term ExtensionDeferral Amount
Commercial real estate
Non-owner occupied term, net— — $4,000 
Owner occupied term3.79 %— $51 
Commercial
Term5.00 %6 months$77 
Lines of credit & other— 7 months$48 
Leases & equipment finance— 10 months— 
Residential
Mortgage
— 8.3 years$1,000 
The Company closely monitors the performance of loans and leases to borrowers experiencing financial difficulty that are modified to understand the effectiveness of its modification efforts. Loans and leases are considered to be in payment default at 90 or more days past due. For the three months ended June 30, 2025, all modified loans and leases were current and there were no loan or lease modifications made to borrowers experiencing financial difficulty that subsequently defaulted. The following tables present the amortized cost basis of modified loans that, within twelve months of the modification date, experienced a subsequent default during the periods presented:
Six Months Ended June 30, 2025
(in thousands)Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment DelayCombo - Interest Rate Reduction and Term ExtensionCombo - Term Extension and Other-than-Insignificant Payment DelayTotal
Commercial real estate
Owner occupied term$— $— $564 $— $— $564 
Commercial
Lines of credit & other— 1,130 — — 920 2,050 
Residential
Mortgage
121 452 413 222 314 1,522 
Total loans and leases experiencing financial difficulty with a subsequent default$121 $1,582 $977 $222 $1,234 $4,136 
Three Months Ended June 30, 2024
(in thousands)Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment DelayTotal
Commercial real estate
Owner occupied term$3,064 $— $— $3,064 
Commercial
Lines of credit & other— 250 — 250 
Residential
Mortgage
— 300 743 1,043 
Total loans and leases experiencing financial difficulty with a subsequent default$3,064 $550 $743 $4,357 

Six Months Ended June 30, 2024
(in thousands)Interest Rate ReductionTerm ExtensionOther-Than-Insignificant Payment DelayTotal
Commercial real estate
Owner occupied term$3,064 $— $— $3,064 
Commercial
Lines of credit & other— 250 — 250 
Residential
Mortgage
— 300 743 1,043 
Total loans and leases experiencing financial difficulty with a subsequent default$3,064 $550 $743 $4,357 
The following tables present an age analysis of loans and leases as of June 30, 2025 and 2024 that have been modified within the prior twelve months:
 June 30, 2025
 (in thousands)CurrentGreater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or Greater Past DueNonaccrualTotal
Commercial real estate
Non-owner occupied term$21,124 $— $— $— $— $21,124 
Owner occupied term3,653 — — — 1,276 4,929 
Construction & development9,937 — — — — 9,937 
Commercial
Term20,749 — — — 4,615 25,364 
Lines of credit & other36,392 1,000 — — 6,514 43,906 
Leases & equipment finance2,045 364 286 90 213 2,998 
Residential
Mortgage
23,856 — 2,299 3,240 — 29,395 
Total loans and leases, net of deferred fees and costs$117,756 $1,364 $2,585 $3,330 $12,618 $137,653 

 June 30, 2024
(in thousands)CurrentGreater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or Greater Past DueNonaccrualTotal
Commercial real estate
Non-owner occupied term$47,557 $— $— $— $— $47,557 
Owner occupied term2,033 — — — 3,594 5,627 
Commercial
Term9,784 — — — 1,237 11,021 
Lines of credit & other50,268 — 999 — 1,751 53,018 
Leases & equipment finance1,430 193 227 15 106 1,971 
Residential
Mortgage
33,971 — 2,841 5,103 — 41,915 
Total loans and leases, net of deferred fees and costs$145,043 $193 $4,067 $5,118 $6,688 $161,109 
Internal Risk Rating By Loan Class
The following tables present the amortized cost basis of the loans and leases by credit classification and vintage year by loan and lease class of financing receivable, as well as gross charge-offs for the dates presented:
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
June 30, 202520252024202320222021PriorTotal
Commercial real estate:
Non-owner occupied term
Credit quality indicator:
Pass/Watch$319,701 $279,975 $505,563 $1,235,203 $1,093,408 $2,538,927 $29,911 $— $6,002,688 
Special mention— — 274 29,011 — 24,052 — — 53,337 
Substandard23,150 — 1,305 21,702 11,976 71,448 — — 129,581 
Doubtful— — — 1,759 386 1,601 — — 3,746 
Loss— — — — 640 — — — 640 
Total non-owner occupied term$342,851 $279,975 $507,142 $1,287,675 $1,106,410 $2,636,028 $29,911 $— $6,189,992 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Owner occupied term
Credit quality indicator:
Pass/Watch$309,370 $502,817 $506,365 $958,592 $827,798 $1,880,078 $14,718 $65,936 $5,065,674 
Special mention1,359 26,045 935 44,999 64,698 45,572 1,916 904 186,428 
Substandard2,818 5,862 4,746 4,759 10,379 28,601 424 1,000 58,589 
Doubtful— 2,752 — 2,924 — 361 — — 6,037 
Loss— — — 907 93 1,801 — — 2,801 
Total owner occupied term$313,547 $537,476 $512,046 $1,012,181 $902,968 $1,956,413 $17,058 $67,840 $5,319,529 
Current YTD period:
Gross charge-offs$— $— $— $157 $— $39 $— $— $196 
Multifamily
Credit quality indicator:
Pass/Watch$85,957 $166,119 $251,595 $1,898,540 $1,646,824 $1,522,799 $99,232 $— $5,671,066 
Special mention29,060 — — 10,654 2,845 17,127 — — 59,686 
Substandard— — — 2,703 1,602 — — — 4,305 
Total multifamily$115,017 $166,119 $251,595 $1,911,897 $1,651,271 $1,539,926 $99,232 $— $5,735,057 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction & development
Credit quality indicator:
Pass/Watch$78,010 $552,015 $462,169 $670,435 $79,869 $89,503 $22,112 $926 $1,955,039 
Special mention2,137 6,701 42,512 39,336 15,338 — 864 — 106,888 
Substandard7,800 — — — — — — — 7,800 
Total construction & development$87,947 $558,716 $504,681 $709,771 $95,207 $89,503 $22,976 $926 $2,069,727 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Residential development
Credit quality indicator:
Pass/Watch$29,539 $63,711 $2,055 $3,404 $— $61 $184,535 $2,870 $286,175 
Total residential development$29,539 $63,711 $2,055 $3,404 $— $61 $184,535 $2,870 $286,175 
Current YTD period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total commercial real estate$888,901 $1,605,997 $1,777,519 $4,924,928 $3,755,856 $6,221,931 $353,712 $71,636 $19,600,480 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
June 30, 202520252024202320222021PriorTotal
Commercial:
Term
Credit quality indicator:
Pass/Watch$231,016 $746,526 $575,397 $955,530 $724,578 $793,501 $1,122,501 $378 $5,149,427 
Special mention572 556 50,767 26,129 3,116 14,892 34,968 — 131,000 
Substandard19,153 8,874 1,469 5,416 11,620 7,172 3,163 — 56,867 
Doubtful— — 978 4,471 990 4,946 — — 11,385 
Loss— — — — 821 3,098 — — 3,919 
Total term$250,741 $755,956 $628,611 $991,546 $741,125 $823,609 $1,160,632 $378 $5,352,598 
Current YTD period:
Gross charge-offs$— $29 $815 $55 $129 $1,859 $— $— $2,887 
Lines of credit & other
Credit quality indicator:
Pass/Watch$41,337 $81,224 $32,550 $50,904 $16,745 $19,227 $2,495,842 $58,223 $2,796,052 
Special mention1,579 — 598 124 — 109 66,843 2,009 71,262 
Substandard4,016 16,648 317 1,325 — 125 43,738 16,602 82,771 
Doubtful— 143 — — — — — 140 283 
Loss— — 261 153 — — — — 414 
Total lines of credit & other$46,932 $98,015 $33,726 $52,506 $16,745 $19,461 $2,606,423 $76,974 $2,950,782 
Current YTD period:
Gross charge-offs$— $14,954 $15 $425 $25 $520 $5,663 $3,822 $25,424 
Leases & equipment finance
Credit quality indicator:
Pass/Watch$332,767 $501,715 $357,916 $219,961 $65,323 $45,726 $— $— $1,523,408 
Special mention527 12,694 35,316 7,257 1,996 285 — — 58,075 
Substandard2,533 6,364 7,539 6,947 2,104 649 — — 26,136 
Doubtful679 7,150 10,111 10,413 2,894 634 — — 31,881 
Loss47 296 646 659 197 105 — — 1,950 
Total leases & equipment finance$336,553 $528,219 $411,528 $245,237 $72,514 $47,399 $— $— $1,641,450 
Current YTD period:
Gross charge-offs$— $6,193 $11,395 $12,170 $4,933 $2,682 $— $— $37,373 
Total commercial$634,226 $1,382,190 $1,073,865 $1,289,289 $830,384 $890,469 $3,767,055 $77,352 $9,944,830 
Residential:
Mortgage
Credit quality indicator:
Pass/Watch$86,980 $274,391 $205,693 $1,722,815 $2,021,270 $1,431,349 $— $— $5,742,498 
Special mention1,116 1,499 956 4,939 5,798 3,746 — — 18,054 
Substandard437 2,529 1,934 5,543 9,501 18,211 — — 38,155 
Loss1,222 4,509 3,712 3,789 5,667 12,227 — — 31,126 
Total mortgage$89,755 $282,928 $212,295 $1,737,086 $2,042,236 $1,465,533 $— $— $5,829,833 
Current YTD period:
Gross charge-offs$— $— $41 $— $— $— $— $— $41 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
June 30, 202520252024202320222021PriorTotal
Home equity loans & lines
Credit quality indicator:
Pass/Watch$662 $358 $2,808 $7,161 $2,627 $51,106 $1,981,312 $19,471 $2,065,505 
Special mention— — 140 240 61 1,703 9,093 1,699 12,936 
Substandard— — 122 — — 247 494 — 863 
Loss— — 20 531 323 324 893 1,371 3,462 
Total home equity loans & lines$662 $358 $3,090 $7,932 $3,011 $53,380 $1,991,792 $22,541 $2,082,766 
Current YTD period:
Gross charge-offs$— $— $— $60 $— $146 $256 $85 $547 
Total residential$90,417 $283,286 $215,385 $1,745,018 $2,045,247 $1,518,913 $1,991,792 $22,541 $7,912,599 
Consumer & other:
Credit quality indicator:
Pass/Watch$14,825 $9,701 $12,620 $7,745 $3,544 $6,726 $121,676 $747 $177,584 
Special mention7 100 114 59 — 134 737 32 1,183 
Substandard— 3 30 1 — 39 204 60 337 
Total consumer & other$14,832 $9,804 $12,764 $7,805 $3,544 $6,899 $122,617 $839 $179,104 
Current YTD period:
Gross charge-offs$441 $510 $175 $24 $— $199 $718 $177 $2,244 
Grand total$1,628,376 $3,281,277 $3,079,533 $7,967,040 $6,635,031 $8,638,212 $6,235,176 $172,368 $37,637,013 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202420242023202220212020PriorTotal
Commercial real estate:
Non-owner occupied term
Credit quality indicator:
Pass/Watch$289,721 $564,176 $1,245,868 $1,132,014 $569,014 $2,289,045 $25,716 $12,497 $6,128,051 
Special mention— — 9,346 600 463 21,191 — — 31,600 
Substandard7,293 30,926 20,843 — — 56,216 — — 115,278 
Doubtful— — 1,777 659 — 789 — — 3,225 
Total non-owner occupied term$297,014 $595,102 $1,277,834 $1,133,273 $569,477 $2,367,241 $25,716 $12,497 $6,278,154 
Prior Year End period:
Gross charge-offs$— $— $148 $— $— $2,485 $— $— $2,633 
Owner occupied term
Credit quality indicator:
Pass/Watch$525,513 $499,386 $1,015,154 $867,081 $398,200 $1,639,484 $79,180 $5,262 $5,029,260 
Special mention271 957 23,245 80,611 17,748 38,637 1,920 — 163,389 
Substandard3,892 7,501 7,918 4,147 19,677 25,436 — — 68,571 
Doubtful2,752 — 2,924 — — 1,070 — — 6,746 
Loss— — 963 — 381 984 — — 2,328 
Total owner occupied term$532,428 $507,844 $1,050,204 $951,839 $436,006 $1,705,611 $81,100 $5,262 $5,270,294 
Prior Year End period:
Gross charge-offs$365 $— $569 $— $22 $92 $— $— $1,048 
Multifamily
Credit quality indicator:
Pass/Watch$168,595 $253,543 $1,995,175 $1,634,388 $406,616 $1,224,660 $92,757 $— $5,775,734 
Special mention— — 4,545 6,748 — 11,566 — — 22,859 
Substandard— — 2,738 1,613 — 1,420 — — 5,771 
Total multifamily$168,595 $253,543 $2,002,458 $1,642,749 $406,616 $1,237,646 $92,757 $— $5,804,364 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction & development
Credit quality indicator:
Pass/Watch$473,092 $503,923 $746,567 $129,065 $79,262 $18,988 $13,634 $— $1,964,531 
Special mention1,989 — 1,446 15,247 — — — — 18,682 
Total construction & development$475,081 $503,923 $748,013 $144,312 $79,262 $18,988 $13,634 $— $1,983,213 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Residential development
Credit quality indicator:
Pass/Watch$61,656 $6,327 $5,038 $493 $465 $594 $153,631 $3,443 $231,647 
Total residential development$61,656 $6,327 $5,038 $493 $465 $594 $153,631 $3,443 $231,647 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $— $— $— $— 
Total commercial real estate$1,534,774 $1,866,739 $5,083,547 $3,872,666 $1,491,826 $5,330,080 $366,838 $21,202 $19,567,672 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202420242023202220212020PriorTotal
Commercial:
Term
Credit quality indicator:
Pass/Watch$827,497 $650,426 $1,047,231 $789,076 $296,953 $618,886 $1,080,293 $20,922 $5,331,284 
Special mention1,505 48,317 25,893 7,942 — 13,527 36,978 — 134,162 
Substandard25,103 1,792 9,834 5,329 3,067 9,585 — — 54,710 
Doubtful1,460 1,160 3,771 3,533 683 2,128 — — 12,735 
Loss— 10 648 1,478 884 1,707 — — 4,727 
Total term$855,565 $701,705 $1,087,377 $807,358 $301,587 $645,833 $1,117,271 $20,922 $5,537,618 
Prior Year End period:
Gross charge-offs$649 $2,976 $1,783 $876 $1,324 $1,138 $4,171 $— $12,917 
Lines of credit & other
Credit quality indicator:
Pass/Watch$99,104 $42,240 $54,923 $18,467 $8,841 $10,202 $2,381,689 $16,177 $2,631,643 
Special mention79 1,697 675 25 100 175 30,603 4,006 37,360 
Substandard34,404 1,789 1,248 — — 101 53,491 8,607 99,640 
Doubtful162 — — — — — 204 290 656 
Loss— — 191 — — — — 153 344 
Total lines of credit & other$133,749 $45,726 $57,037 $18,492 $8,941 $10,478 $2,465,987 $29,233 $2,769,643 
Prior Year End period:
Gross charge-offs$— $758 $309 $241 $59 $563 $20,015 $3,512 $25,457 
Leases & equipment finance
Credit quality indicator:
Pass/Watch$603,191 $457,094 $295,712 $102,259 $32,338 $45,761 $— $— $1,536,355 
Special mention10,193 39,259 9,419 2,468 478 122 — — 61,939 
Substandard4,738 8,518 9,044 3,104 875 523 — — 26,802 
Doubtful3,878 10,055 13,532 4,659 1,289 338 — — 33,751 
Loss463 795 571 111 24 24 — — 1,988 
Total leases & equipment finance$622,463 $515,721 $328,278 $112,601 $35,004 $46,768 $— $— $1,660,835 
Prior Year End period:
Gross charge-offs$1,573 $22,851 $49,518 $18,771 $4,993 $3,138 $— $— $100,844 
Total commercial$1,611,777 $1,263,152 $1,472,692 $938,451 $345,532 $703,079 $3,583,258 $50,155 $9,968,096 
Residential:
Mortgage
Credit quality indicator:
Pass/Watch$236,004 $231,936 $1,776,736 $2,097,433 $472,883 $1,041,655 $— $— $5,856,647 
Special mention1,782 2,536 2,245 2,838 910 7,534 — — 17,845 
Substandard3,243 5,399 5,120 11,059 2,183 16,446 — — 43,450 
Loss1,225 2,393 4,037 4,105 779 2,871 — — 15,410 
Total mortgage$242,254 $242,264 $1,788,138 $2,115,435 $476,755 $1,068,506 $— $— $5,933,352 
Prior Year End period:
Gross charge-offs$— $— $491 $292 $314 $368 $— $— $1,465 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202420242023202220212020PriorTotal
Home equity loans & lines
Credit quality indicator:
Pass/Watch$756 $870 $2,072 $1,374 $578 $37,625 $1,940,517 $30,453 $2,014,245 
Special mention— — 136 — — 838 8,261 1,483 10,718 
Substandard— — 445 — — 270 1,230 549 2,494 
Loss— 28 — 175 8 631 1,678 1,676 4,196 
Total home equity loans & lines$756 $898 $2,653 $1,549 $586 $39,364 $1,951,686 $34,161 $2,031,653 
Prior Year End period:
Gross charge-offs$— $— $— $— $— $239 $252 $— $491 
Total residential$243,010 $243,162 $1,790,791 $2,116,984 $477,341 $1,107,870 $1,951,686 $34,161 $7,965,005 
Consumer & other:
Credit quality indicator:
Pass/Watch$21,691 $16,491 $10,122 $4,515 $3,041 $5,036 $117,045 $810 $178,751 
Special mention17 193 24 12 5 75 722 150 1,198 
Substandard11 12 10 — — 25 87 34 179 
Total consumer & other$21,719 $16,696 $10,156 $4,527 $3,046 $5,136 $117,854 $994 $180,128 
Prior Year End period:
Gross charge-offs$87 $2,851 $104 $35 $1 $305 $2,060 $896 $6,339 
Grand total$3,411,280 $3,389,749 $8,357,186 $6,932,628 $2,317,745 $7,146,165 $6,019,636 $106,512 $37,680,901