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Loans and Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Loans and Allowance for Credit Losses Loans and Allowance for Credit Losses
Loans and leases, net of unearned income

Loans and leases, net of unearned income, are summarized as follows:
June 30,
2025		December 31,
2024
 (dollars in thousands)
Real estate - commercial mortgage$9,678,038 $9,601,858 
Commercial and industrial4,541,765 4,605,589 
Real-estate - residential mortgage6,511,687 6,349,643 
Real-estate - home equity1,193,410 1,160,616 
Real-estate - construction1,155,099 1,394,899 
Consumer583,949 616,856 
Leases and other loans(1)
348,591 315,458 
Net loans$24,012,539 $24,044,919 
(1) Includes unearned income of $38.7 million and $35.6 million as of June 30, 2025 and December 31, 2024, respectively.

Allowance for Credit Losses

The ACL consists of reserves against loans that have been evaluated collectively and individually for expected credit losses. The ACL represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to net loans. The ACL is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries. The reserve for OBS credit exposures includes estimated losses on unfunded loan commitments, letters of credit and other OBS credit exposures.

The following table summarizes the ACL - loans balance and the reserve for OBS credit exposures balance:

June 30,
2025		December 31,
2024
(dollars in thousands)
ACL - loans $377,337 $379,156 
Reserve for OBS credit exposures(1)
$14,180 $14,161 
(1) Included in other liabilities on the Consolidated Balance Sheets.


















The following table presents the activity in the ACL - loans balances:

Three months ended June 30Six months ended June 30
 2025202420252024
(dollars in thousands)
Balance at beginning of period$379,677 $297,888 $379,156 293,404 
CECL Day 1 Provision(1)
— 23,444 — 23,444 
Initial PCD allowance for credit losses— 55,906 — 55,906 
Loans charged off(15,916)(14,007)(35,950)(24,959)
Recoveries of loans previously charged off4,202 2,705 11,645 5,059 
Net loans (charged off) recovered(11,714)(11,302)(24,305)(19,900)
Provision for credit losses(1) (2)
9,374 10,005 22,486 23,087 
Balance at end of period$377,337 $375,941 $377,337 $375,941 
Provision for OBS credit exposures(1)
$(767)$(1,393)$19 $(3,550)
Reserve for OBS credit exposures$14,180 $14,540 $14,180 $14,540 
(1) The sum of these amounts is reflected in the provision for credit losses in the Consolidated Statements of Income.
(2) Provision only includes the portion related to net loans.






































The following table presents the activity in the ACL by portfolio segment:

Real Estate 
Commercial
Mortgage		Commercial and
Industrial		Real Estate Residential
Mortgage		Consumer and Real Estate - Home
Equity		Real Estate
Construction		Leases and other loansTotal
 (dollars in thousands)
Three months ended June 30, 2025
Balance at March 31, 2025$162,146 $96,851 $82,416 $19,294 $15,900 $3,070 $379,677 
Loans charged off(6,402)(5,780)(258)(1,885)(100)(1,491)(15,916)
Recoveries of loans previously charged off133 2,628 203 899 99 240 4,202 
Net loans (charged off) recovered(6,269)(3,152)(55)(986)(1)(1,251)(11,714)
Provision for loan losses(1) (2)
(2,494)3,821 (5)1,173 4,837 2,042 9,374 
Balance at June 30, 2025$153,383 $97,520 $82,356 $19,481 $20,736 $3,861 $377,337 
Three months ended June 30, 2024
Balance at March 31, 2024$114,492 $76,883 $73,216 $16,688 $12,966 $3,643 $297,888 
CECL Day 1 Provision(1)
6,108 1,484 14,922 444 486 — 23,444 
Initial PCD allowance for credit losses32,157 20,869 565 357 1,958 — 55,906 
Loans charged off(7,853)(2,955)(35)(1,766)— (1,398)(14,007)
Recoveries of loans previously charged off146 796 122 1,161 233 247 2,705 
Net loans (charged off) recovered(7,707)(2,159)87 (605)233 (1,151)(11,302)
Provision for loan and lease losses(1) (2)
11,115 (2,454)924 649 (1,033)804 10,005 
Balance at June 30, 2024$156,165 $94,623 $89,714 $17,533 $14,610 $3,296 $375,941 
Six months ended June 30, 2025
Balance at December 31, 2024$158,181 $92,212 $81,331 $19,397 $25,140 $2,895 $379,156 
Loans charged off(18,508)(9,645)(601)(4,078)(100)(3,018)(35,950)
Recoveries of loans previously charged off507 8,580 377 1,559 181 441 11,645 
Net loans (charged off) recovered(18,001)(1,065)(224)(2,519)81 (2,577)(24,305)
Provision for loan losses(1) (2)
13,203 6,373 1,249 2,603 (4,485)3,543 22,486 
Balance at June 30, 2025$153,383 $97,520 $82,356 $19,481 $20,736 $3,861 $377,337 
Six months ended June 30, 2024
Balance at December 31, 2023$112,565 $74,266 $73,286 $17,604 $12,295 $3,388 $293,404 
CECL Day 1 Provision(1)
6,108 1,484 14,922 444 486 — 23,444 
Initial PCD allowance for credit losses32,157 20,869 565 357 1,958 — 55,906 
Loans charged off(7,879)(10,587)(286)(4,004)— (2,203)(24,959)
Recoveries of loans previously charged off298 2,044 238 1,837 233 409 5,059 
Net loans (charged off) recovered(7,581)(8,543)(48)(2,167)233 (1,794)(19,900)
Provision for loan losses(1)(2)
12,916 6,547 989 1,295 (362)1,702 23,087 
Balance at June 30, 2024$156,165 $94,623 $89,714 $17,533 $14,610 $3,296 $375,941 
(1) These amounts are reflected in the provision for credit loss in the Consolidated Statements of Income.
(2) Provision included in the table only includes the portion related to net loans.

The ACL may include qualitative adjustments intended to capture the impact of uncertainties not reflected in the quantitative models. In determining qualitative adjustments, management considers changes in national, regional, and local economic and business conditions and their impact on the lending environment, including underwriting standards and other factors affecting credit losses over the remaining life of each loan.

Collateral-Dependent Loans

A loan or a lease is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans and leases deemed collateral-dependent, the Corporation elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent loans or leases consists of various types of real estate, including residential properties, commercial properties, such as retail centers, office buildings, and lodging, agricultural land, and vacant land. Commercial and industrial loans may also be secured by real estate.

All loans individually evaluated for impairment are measured for losses on a quarterly basis. As of June 30, 2025 and December 31, 2024, substantially all of the Corporation's individually evaluated loans with total commitments greater than or equal to $1.0 million were measured based on the estimated fair value of each loan’s collateral, if any.

As of June 30, 2025 and December 31, 2024, approximately 92% and 90%, respectively, of loans evaluated individually for impairment with principal balances greater than or equal to $1.0 million, whose primary collateral consisted of real estate, were measured at estimated fair value using appraisals performed by state certified third-party appraisers that had been updated in the preceding 12 months.

Non-accrual Loans

The following table presents total non-accrual loans, by class segment:
June 30, 2025December 31, 2024
With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
(dollars in thousands)
Real estate - commercial mortgage$27,931 $56,104 $84,035 $31,654 $67,843 $99,497 
Commercial and industrial17,452 21,663 39,115 17,011 25,206 42,217 
Real estate - residential mortgage24,785 1,032 25,817 23,387 2,013 25,400 
Real estate - home equity7,079 — 7,079 8,513 78 8,591 
Real estate - construction22,692 2,160 24,852 1,746 — 1,746 
Consumer6 — 6 8 — 8 
Leases and other loans181 1,857 2,038 1,801 10,033 11,834 
$100,126 $82,816 $182,942 $84,120 $105,173 $189,293 

As of June 30, 2025 and December 31, 2024, there were $82.8 million and $105.2 million, respectively, of non-accrual loans that did not have a specific valuation allowance within the ACL. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or the loans were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary.

Asset Quality

Maintaining an appropriate ACL is dependent on various factors, including the ability to identify potential problem loans in a timely manner. For commercial construction loans, commercial and industrial loans, commercial real estate loans and leases and other loans, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk categories is a significant component of the ACL methodology for these loans, which bases the PD on this migration. Assigning risk ratings involves judgment. The Corporation's loan review officers provide a separate assessment of risk rating accuracy. Risk ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff, or if specific loan review assessments identify a deterioration or an improvement in a loan.














The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the current period:
June 30, 2025
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20252024202320222021PriorCost BasisCost BasisTotal
Real estate - commercial mortgage
Pass$292,672 $653,936 $1,058,157 $1,173,880 $1,258,685 $4,131,150 $71,916 $600 $8,640,996 
Special Mention— 2,320 79,027 85,562 176,162 144,806 555 — 488,432 
Substandard or Lower351 12,972 67,451 113,263 94,341 259,036 1,196 — 548,610 
Total real estate - commercial mortgage293,023 669,228 1,204,635 1,372,705 1,529,188 4,534,992 73,667 600 9,678,038 
Real estate - commercial mortgage
Current period gross charge-offs— — — (11,149)(4,052)(3,307)— — (18,508)
Commercial and industrial
Pass251,132 393,178 447,226 475,498 228,029 889,983 1,312,944 9,975 4,007,965 
Special Mention1,081 17,172 22,739 11,334 12,507 22,040 110,713 10,393 207,979 
Substandard or Lower412 4,403 20,366 30,352 11,181 91,098 158,755 9,254 325,821 
Total commercial and industrial252,625 414,753 490,331 517,184 251,717 1,003,121 1,582,412 29,622 4,541,765 
Commercial and industrial
Current period gross charge-offs— (525)(4,417)(2,548)(578)(1,351)(226)— (9,645)
 Real estate - construction(1)
Pass28,284 276,486 308,355 91,472 36,324 39,947 33,979 — 814,847 
Special Mention— — 3,195 15,093 21,990 236 — — 40,514 
Substandard or Lower— — 2,894 43,861 2,909 14,512 87 — 64,263 
Total real estate - construction28,284 276,486 314,444 150,426 61,223 54,695 34,066 — 919,624 
Real estate - construction(1)
Current period gross charge-offs— — — — — (100)— — (100)
Leases and other loans
Pass137,330 58,700 78,777 36,829 12,418 12,955 — — 337,009 
Special Mention365 1,599 501 498 303 1,248 — — 4,514 
Substandard or Lower200 2,282 1,093 2,856 528 109 — — 7,068 
Total leases and other loans137,895 62,581 80,371 40,183 13,249 14,312 — — 348,591 
Leases and other loans
Current period gross charge-offs(1,009)(787)(304)(164)(107)(647)— — (3,018)
Total
Pass709,418 1,382,300 1,892,515 1,777,679 1,535,456 5,074,035 1,418,839 10,575 13,800,817 
Special Mention1,446 21,091 105,462 112,487 210,962 168,330 111,268 10,393 741,439 
Substandard or Lower963 19,657 91,804 190,332 108,959 364,755 160,038 9,254 945,762 
Total$711,827 $1,423,048 $2,089,781 $2,080,498 $1,855,377 $5,607,120 $1,690,145 $30,222 $15,488,018 
(1) Excludes non-commercial real estate - construction.

For a description of the Corporation's internal risk rating categories, see "Note 1 - Summary of Significant Accounting Policies" under the heading "Allowance for Credit Losses" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2024.



The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the prior period:
December 31, 2024
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20242023202220212020PriorCost BasisCost BasisTotal
Real estate - commercial mortgage
Pass$623,742 $898,296 $1,138,669 $1,316,000 $1,077,625 $3,414,138 $69,942 $9,646 $8,548,058 
Special Mention4,441 73,348 149,280 157,543 28,734 107,099 10,978 — 531,423 
Substandard or Lower4,831 44,665 102,952 95,617 75,097 193,922 1,380 3,913 522,377 
Total real estate - commercial mortgage633,014 1,016,309 1,390,901 1,569,160 1,181,456 3,715,159 82,300 13,559 9,601,858 
Real estate - commercial mortgage
Current period gross charge-offs— (126)(84)— — (12,950)— (26)(13,186)
Commercial and industrial
Pass435,917 486,720 512,622 261,603 268,194 684,931 1,375,201 6,346 4,031,534 
Special Mention9,928 8,333 19,931 18,888 4,844 58,632 117,940 313 238,809 
Substandard or Lower10,795 16,593 34,748 10,183 12,496 49,439 176,755 24,237 335,246 
Total commercial and industrial456,640 511,646 567,301 290,674 285,534 793,002 1,669,896 30,896 4,605,589 
Commercial and industrial
Current period gross charge-offs(612)(3,709)(2,560)(4,587)(317)(7,612)(3,553)(3,635)(26,585)
Real estate - construction(1)
Pass197,206 494,072 157,296 37,438 8,784 41,480 30,608 619 967,503 
Special Mention— 10,612 80,651 69,109 938 — — — 161,310 
Substandard or Lower— — 14,407 10,399 — 20,350 121 1,906 47,183 
Total real estate - construction197,206 504,684 252,354 116,946 9,722 61,830 30,729 2,525 1,175,996 
Real estate - construction(1)
Current period gross charge-offs— — — — — — — — — 
Total
Pass1,256,865 1,879,088 1,808,587 1,615,041 1,354,603 4,140,549 1,475,751 16,611 13,547,095 
Special Mention14,369 92,293 249,862 245,540 34,516 165,731 128,918 313 931,542 
Substandard or Lower15,626 61,258 152,107 116,199 87,593 263,711 178,256 30,056 904,806 
Total$1,286,860 $2,032,639 $2,210,556 $1,976,780 $1,476,712 $4,569,991 $1,782,925 $46,980 $15,383,443 
(1) Excludes non-commercial real estate - construction.















The Corporation considers the performance of the loan portfolio and its impact on the ACL. The Corporation does not assign internal risk ratings to smaller balance, homogeneous loans, such as home equity loans, residential mortgage loans, construction loans to individuals secured by residential real estate and consumer loans. For these loans, the most relevant credit quality indicator is delinquency status and the Corporation evaluates credit quality based on the aging status of the loan. The following tables present the amortized cost of these loans based on payment activity, by origination year, for the periods shown:

June 30, 2025
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20252024202320222021PriorCost BasisCost BasisTotal
Real estate - residential mortgage
Performing$326,209 $508,495 $715,245 $1,473,677 $1,669,747 $1,780,611 $— $— $6,473,984 
Non-performing— 67 2,103 5,229 3,681 26,623 — — 37,703 
Total real estate - residential mortgage326,209 508,562 717,348 1,478,906 1,673,428 1,807,234 — — 6,511,687 
Real estate - residential mortgage
Current period gross charge-offs— (19)(59)(130)(150)(243)— — (601)
Consumer and real estate - home equity
Performing179,860 30,976 92,965 173,654 52,838 231,110 984,036 20,811 1,766,250 
Non-performing221 100 211 605 746 5,873 2,886 467 11,109 
Total consumer and real estate - home equity180,081 31,076 93,176 174,259 53,584 236,983 986,922 21,278 1,777,359 
Consumer and real estate - home equity
Current period gross charge-offs(6)(140)(545)(820)(304)(2,002)(261)— (4,078)
Construction - residential
Performing61,350 149,156 16,844 6,719 — — — — 234,069 
Non-performing— — — 1,406 — — — — 1,406 
Total construction - residential61,350 149,156 16,844 8,125 — — — — 235,475 
Construction - residential
Current period gross charge-offs— — — — — — — — — 
Total
Performing567,419 688,627 825,054 1,654,050 1,722,585 2,011,721 984,036 20,811 8,474,303 
Non-performing221 167 2,314 7,240 4,427 32,496 2,886 467 50,218 
Total$567,640 $688,794 $827,368 $1,661,290 $1,727,012 $2,044,217 $986,922 $21,278 $8,524,521 
December 31, 2024
(dollars in thousands)
Term Loans Amortized Cost Basis by Origination YearRevolving LoansRevolving Loans converted to Term Loans
AmortizedAmortized
20242023202220212020PriorCost BasisCost BasisTotal
Real estate - residential mortgage
Performing$470,918 $728,630 $1,515,521 $1,726,991 $1,022,116 $839,566 $— $— $6,303,742 
Non-performing87 1,358 5,118 3,232 5,523 30,583 — — 45,901 
    Total real estate - residential mortgage471,005 729,988 1,520,639 1,730,223 1,027,639 870,149 — — 6,349,643 
Real estate - residential mortgage
Current period gross charge-offs— (172)(106)(12)(43)(888)— (251)(1,472)
Consumer and real estate - home equity
Performing178,722 116,370 211,647 65,412 48,201 188,442 913,920 40,384 1,763,098 
Non-performing236 848 918 963 753 4,571 2,893 3,192 14,374 
Total consumer and real estate - home equity178,958 117,218 212,565 66,375 48,954 193,013 916,813 43,576 1,777,472 
Consumer and real estate - home equity
Current period gross charge-offs(118)(1,016)(1,552)(790)(398)(2,704)(75)(1,837)(8,490)
Leases and other loans
Performing123,991 89,006 52,724 16,894 10,830 9,996 — — 303,441 
Non-performing— — 1,922 744 23 9,328 — — 12,017 
Total leases and other loans123,991 89,006 54,646 17,638 10,853 19,324 — — 315,458 
Leases and other loans
Current period gross charge-offs(1,977)(913)(335)(334)(192)(770)— (175)(4,696)
Construction - residential
Performing138,440 61,848 15,710 1,499 — — — — 217,497 
Non-performing— — 1,406 — — — — — 1,406 
Total construction - residential138,440 61,848 17,116 1,499 — — — — 218,903 
Construction - residential
Current period gross charge-offs— — — — — — — — — 
Total
Performing912,071 995,854 1,795,602 1,810,796 1,081,147 1,038,004 913,920 40,384 8,587,778 
Non-performing323 2,206 9,364 4,939 6,299 44,482 2,893 3,192 73,698 
Total$912,394 $998,060 $1,804,966 $1,815,735 $1,087,446 $1,082,486 $916,813 $43,576 $8,661,476 






















The following table presents non-performing assets:
June 30,
2025		December 31,
2024
 (dollars in thousands)
Non-accrual loans$182,942 $189,293 
Loans 90 days or more past due and still accruing29,949 30,781 
Total non-performing loans212,891 220,074 
OREO(1)
2,706 2,621 
Total non-performing assets$215,597 $222,695 
(1) Excludes $13.9 million and $17.5 million of residential mortgage properties for which formal foreclosure proceedings were in process as of June 30,
2025 and December 31, 2024, respectively.

The following tables present the aging of the amortized cost basis of loans, by class segment:

30-59 Days Past
Due		60-89
Days Past
Due		≥ 90 Days
Past Due
and
Accruing		Non-
accrual		CurrentTotal
(dollars in thousands)
June 30, 2025
Real estate - commercial mortgage$43,317 $25,366 $6,817 $84,035 $9,518,503 $9,678,038 
Commercial and industrial(1)
22,938 17,219 6,450 39,115 4,456,043 4,541,765 
Real estate - residential mortgage57,073 8,997 11,886 25,817 6,407,914 6,511,687 
Real estate - home equity5,463 843 3,036 7,079 1,176,989 1,193,410 
Real estate - construction6,261 1,855 750 24,852 1,121,381 1,155,099 
Consumer6,505 1,982 988 6 574,468 583,949 
Leases and other loans(1)
361 212 22 2,038 345,958 348,591 
Total$141,918 $56,474 $29,949 $182,942 $23,601,256 $24,012,539 
(1) Includes unearned income.

30-59 Days Past
Due		60-89
Days Past
Due		≥ 90 Days
Past Due
and
Accruing		Non-
accrual		CurrentTotal
(dollars in thousands)
December 31, 2024
Real estate - commercial mortgage$32,715 $16,684 $2,862 $99,497 $9,450,100 $9,601,858 
Commercial and industrial(1)
6,031 3,636 1,460 42,217 4,552,245 4,605,589 
Real estate - residential mortgage59,593 5,946 20,501 25,400 6,238,203 6,349,643 
Real estate - home equity6,778 1,057 4,758 8,591 1,139,432 1,160,616 
Real estate - construction3,549 5,163 — 1,746 1,384,441 1,394,899 
Consumer6,779 1,627 1,017 8 607,425 616,856 
Leases and other loans(1)
269 105 183 11,834 303,067 315,458 
Total$115,714 $34,218 $30,781 $189,293 $23,674,913 $24,044,919 
(1) Includes unearned income.

Loan Modifications to Borrowers Experiencing Financial Difficulty

The Corporation modifies loans by providing a concession when deemed appropriate. Depending on the circumstances, a term extension, interest rate reduction or principal forgiveness may be granted. In certain instances, a combination of concessions may be provided to a borrower.

When principal forgiveness is provided, the amount of principal forgiven is deemed to be uncollectible and the amortized cost basis of the loan is reduced by the amount of the forgiven portion, with a corresponding reduction to the ACL.

The following table presents the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:

Term Extension
20252024
Amortized Cost Basis% of Class of Financing ReceivableAmortized Cost Basis% of Class of Financing Receivable
(dollars in thousands)
Three months ended June 30
Real estate - commercial mortgage$29,085 0.30 %$20,603 0.22 %
Commercial and industrial18,267 0.40 — — 
Real estate - residential mortgage1,677 0.03 2,966 0.05 
Real estate - home equity41 — 129 0.01 
Real estate - construction20,769 1.80 — — 
Total$69,839 $23,698 
Six months ended June 30
Real estate - commercial mortgage$29,196 0.30 %$20,603 0.22 %
Commercial and industrial21,964 0.48 — — 
Real estate - residential mortgage4,085 0.06 5,651 0.09 
Real estate - home equity352 0.03 129 0.01 
Real estate - construction20,769 1.80 541 0.04 
Total$76,366 $26,924 

Interest Rate Reduction and Term Extension
20252024
Amortized Cost Basis% of Class of Financing ReceivableAmortized Cost Basis% of Class of Financing Receivable
(dollars in thousands)
Three months ended June 30
Real estate - residential mortgage$601 0.01 %$884 0.01 %
Total$601 $884 
Six months ended June 30
Real estate - residential mortgage$2,027 0.03 %$1,348 0.02 %
Total$2,027 $1,348 










The following table presents the financial effect of the modifications made to borrowers experiencing financial difficulty:

Term Extension
Financial Effect
Three months ended June 30, 2025
Real estate - commercial mortgage
Added a weighted-average 0.68 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 0.74 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.15 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 21.75 years to the life of loans, which reduced monthly payment amounts for borrowers.
Real estate - construction
Added a weighted-average 0.89 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Three months ended June 30, 2024
Real estate - commercial mortgage
Added a weighted-average 2.00 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.51 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 17.92 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Six months ended June 30, 2025
Real estate - commercial mortgage
Added a weighted-average 0.69 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial
Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 8.55 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 13.22 years to the life of loans, which reduced monthly payment amounts for borrowers.
Real estate - construction
Added a weighted-average 0.89 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Six months ended June 30, 2024
Real estate - commercial mortgage
Added a weighted-average 2.00 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage
Added a weighted-average 7.44 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity
Added a weighted-average 17.92 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction
Added a weighted-average 0.67 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Interest Rate Reduction
Financial Effect
Three months ended June 30, 2025
Real estate - residential mortgage
Reduced weighted-average interest rate from 4.68% to 3.25%
Three months ended June 30, 2024
Real estate - residential mortgage
Reduced weighted-average interest rate from 3.00% to 1.00%
Six months ended June 30, 2025
Real estate - residential mortgage
Reduced weighted-average interest rate from 4.38% to 2.55%
Six months ended June 30, 2024
Real estate - residential mortgage
Reduced weighted-average interest rate from 2.36% to 1.37%

During the three and six months ended June 30, 2025 and 2024, there were no loans modified due to financial difficulty where there was a principal balance forgiveness.

The following table presents the performance of loans that have been modified due to financial difficulty in the previous 12 months:

30-8990+Total
Days PastPast DuePast
CurrentDueand AccruingDue
June 30, 2025(dollars in thousands)
Real estate - commercial mortgage$12,575 $16,790 $— $16,790 
Commercial and industrial23,764 — — — 
Real estate - residential mortgage11,030 1,110 507 1,617 
Real estate - home equity569 — — — 
Real estate - construction20,769 — — — 
Total$68,707 $17,900 $507 $18,407 
There were no commitments to lend additional funds to borrowers with loan modifications as a result of financial difficulty as of June 30, 2025.