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ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES (Tables) | 9 Months Ended
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Sep. 30, 2025
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES [Abstract] |
Allowance for Credit Losses on Loans and Finance Leases [Table Text Block] | The following tables present the activity in the ACL on loans and finance leases by portfolio segment for the indicated periods: Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Quarter Ended September 30, 2025 (In thousands) ACL: Beginning balance $ 42,448 $ 4,551 $ 22,746 $ 39,359 $ 139,474 $ 248,578 Provision for credit losses - (benefit) expense (2,208) 496 2,503 (1,397) 18,876 18,270 Charge-offs (459) - - (173) (24,553) (25,185) Recoveries 491 313 117 65 4,341 5,327 Ending balance $ 40,272 $ 5,360 $ 25,366 $ 37,854 $ 138,138 $ 246,990 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Quarter Ended September 30, 2024 (In thousands) ACL: Beginning balance $ 46,051 $ 5,646 $ 30,078 $ 35,440 $ 137,317 $ 254,532 Provision for credit losses - (benefit) expense (5,476) (1,659) (5,914) 885 28,634 16,470 Charge-offs (421) - - (1,437) (27,187) (29,045) Recoveries 497 11 41 211 4,279 5,039 Ending balance $ 40,651 $ 3,998 $ 24,205 $ 35,099 $ 143,043 $ 246,996 Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Nine-Month Period Ended September 30, 2025 (In thousands) ACL: Beginning balance $ 40,654 $ 3,824 $ 22,447 $ 33,034 $ 143,983 $ 243,942 Provision for credit losses - (benefit) expense (411) 1,196 2,711 4,091 55,901 63,488 Charge-offs (979) - - (316) (76,629) (77,924) Recoveries 1,008 340 208 1,045 14,883 (1) 17,484 Ending balance $ 40,272 $ 5,360 $ 25,366 $ 37,854 $ 138,138 $ 246,990 (1) Includes recoveries totaling $ 2.4 million associated with the bulk sale of fully charged-off consumer loans and finance leases. Residential Mortgage Loans Construction Loans Commercial Mortgage C&I Loans Consumer Loans Total Nine-Month Period Ended September 30, 2024 (In thousands) ACL: Beginning balance $ 57,397 $ 5,605 $ 32,631 $ 33,996 $ 132,214 $ 261,843 Provision for credit losses - (benefit) expense (16,533) (1,642) (8,900) (2,871) 71,263 41,317 Charge-offs (1,428) - - (2,317) (81,053) (84,798) Recoveries 1,215 35 474 6,291 20,619 (1) 28,634 Ending balance $ 40,651 $ 3,998 $ 24,205 $ 35,099 $ 143,043 $ 246,996 (1) Includes recoveries totaling $ 10.0 million associated with the bulk sale of fully charged-off consumer loans and finance leases. The tables below present the ACL related to loans and finance leases and the carrying values of loans by portfolio segment as of September 30, 2025 and December 31, 2024: As of September 30, 2025 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans C&I Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 2,889,081 $ 259,863 $ 2,549,375 $ 3,614,241 $ 3,736,124 $ 13,048,684 Allowance for credit losses 40,272 5,360 25,366 37,854 138,138 246,990 Allowance for credit losses to amortized cost 1.39 % 2.06 % 0.99 % 1.05 % 3.70 % 1.89 % As of December 31, 2024 Residential Mortgage Loans Construction Loans Commercial Mortgage Loans C&I Loans Consumer Loans Total (Dollars in thousands) Total loans held for investment: Amortized cost of loans $ 2,828,431 $ 228,396 $ 2,565,984 $ 3,366,038 $ 3,757,707 $ 12,746,556 Allowance for credit losses 40,654 3,824 22,447 33,034 143,983 243,942 Allowance for credit losses to amortized cost 1.44 % 1.67 % 0.87 % 0.98 % 3.83 % 1.91 % The following table presents the activity in the ACL for unfunded loan commitments and standby letters of credit for the quarters and nine-month periods ended September 30, 2025 and 2024: Quarter Ended Nine-Month Period Ended September 30, September 30, 2025 2024 2025 2024 (In thousands) Beginning balance $ 3,367 $ 4,502 $ 3,143 $ 4,638 Provision for credit losses - benefit (756) (1,041) (532) (1,177) Ending balance $ 2,611 $ 3,461 $ 2,611 $ 3,461

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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