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Note 8 - Loans (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

		*September 30, 2024*				*December 31, 2023*
		(In thousands)

Commercial loans		$	3,106,994			$	3,305,048
Construction loans			307,057				422,647
Commercial real estate loans			9,975,272				9,729,581
Residential mortgage loans			5,750,546				5,838,747
Equity lines			226,838				245,919
Installment and other loans			6,886				6,198
Gross loans		$	19,373,593			$	19,548,140
Allowance for loan losses			(163,733	)			(154,562	)
Unamortized deferred loan fees, net			(10,505	)			(10,720	)
Total loans held for investment, net		$	19,199,355			$	19,382,858

Loans held for sale		$	5,190			$	—

Schedule of Nonaccrual Loans and Related Allowance and Charge Off [Table Text Block]

		*September 30, 2024*
		*Unpaid Principal Balance*				*Recorded Investment*				*Allowance*
		(In thousands)

With no allocated allowance:
Commercial loans		$	47,542			$	35,098			$	—
Commercial real estate loans			91,342				76,870				—
Residential mortgage loans and equity lines			23,963				23,183				—
Subtotal		$	162,847			$	135,151			$	—

With allocated allowance:
Commercial loans		$	16,976			$	16,976			$	3,830
Commercial real estate loans			10,707				10,707				2,067
Subtotal		$	27,683			$	27,683			$	5,897
Total non-accrual loans		$	190,530			$	162,834			$	5,897

		December 31, 2023
		Unpaid Principal Balance				Recorded Investment				Allowance
		(In thousands)

With no allocated allowance:
Commercial loans		$	26,310			$	14,404			$	—
Construction loans			7,736				7,736				—
Commercial real estate loans			41,725				32,030				—
Residential mortgage loans and equity lines			12,957				12,511				—
Subtotal		$	88,728			$	66,681			$	—

Total non-accrual loans		$	88,728			$	66,681			$	—

Financing Receivable, Nonaccrual [Table Text Block]

		*Three Months Ended*								*Nine Months Ended*
		*September 30, 2024*								*September 30, 2024*
		*Average Recorded Investment*				*Interest Income Recognized*				*Average Recorded Investment*				*Interest Income Recognized*
		(In thousands)

Commercial loans		$	24,609			$	4			$	15,755			$	9
Construction loans			15,499				—				22,174				—
Commercial real estate loans			78,982				98				60,352				220
Residential mortgage loans and equity lines			21,529				—				17,488				—
Total non-accrual loans		$	140,619			$	102			$	115,769			$	229

		*Three Months Ended*								*Nine Months Ended*
		*September 30, 2023*								*September 30, 2023*
		*Average Recorded Investment*				*Interest Income Recognized*				*Average Recorded Investment*				*Interest Income Recognized*
		(In thousands)

Commercial loans		$	13,147			$	5			$	18,982			$	10
Construction loans			11,266				—				3,797				—
Commercial real estate loans			37,046				74				37,446				244
Residential mortgage loans and equity lines			13,214				—				11,652				—
Installment and other loans			—				—				1				—
Total non-accrual loans		$	74,673			$	79			$	71,878			$	254

Financing Receivable, Past Due [Table Text Block]

		*September 30, 2024*
		*Accruing*
		*30-59 Days Past Due*				*60-89 Days Past Due*				*90 Days or More Past Due*				*Non-accrual Loans*				*Total Past Due*				*Loans Not Past Due*				*Total*
		(In thousands)
Type of Loans:
Commercial loans		$	4,019			$	2,007			$	6,931			$	52,074			$	65,031			$	3,041,963			$	3,106,994
Construction loans			—				3,497				—				—				3,497				303,560				307,057
Commercial real estate loans			9,615				—				—				87,577				97,192				9,878,080				9,975,272
Residential mortgage loans and equity lines			1,603				9,030				—				23,183				33,816				5,943,568				5,977,384
Installment and other loans			37				—				—				—				37				6,849				6,886
Total loans		$	15,274			$	14,534			$	6,931			$	162,834			$	199,573			$	19,174,020			$	19,373,593

		December 31, 2023
		Accruing
		30-59 Days Past Due				60-89 Days Past Due				90 Days or More Past Due				Non-accrual Loans				Total Past Due				Loans Not Past Due				Total
		(In thousands)
Type of Loans:
Commercial loans		$	11,771			$	7,770			$	508			$	14,404			$	34,453			$	3,270,595			$	3,305,048
Construction loans			25,389				22,998				—				7,736				56,123				366,524				422,647
Commercial real estate loans			27,900				1,503				6,649				32,030				68,082				9,661,499				9,729,581
Residential mortgage loans and equity lines			59,606				6,670				—				12,511				78,787				6,005,879				6,084,666
Installment and other loans			32				—				—				—				32				6,166				6,198
Total loans		$	124,698			$	38,941			$	7,157			$	66,681			$	237,477			$	19,310,663			$	19,548,140

Financing Receivable, Modified, Amortized Cost [Table Text Block]

		*Three Months Ended September 30, 2024*																				*Financial Effects of Loan Modifications*
		*Term Extension*				*Payment Delay*				*Combo-Rate Reduction/Term Extension/Payment Delay*				*Total*				*Modification as a % of Loan Class*				*Weighted-Average Change in Rate*				*Weighted-Average Term Extension (in Years)*				*Weighted-Average Payment Deferral (in Years)*
		(In thousands)
Loan Type
Commercial loans		$	—			$	135			$	—			$	135				0.00	%			0.00				0.0				0.6
Total		$	—			$	135			$	—			$	135


		*Nine Months Ended September 30, 2024*																				*Financial Effects of Loan Modifications*
		*Term Extension*				*Payment Delay*				*Combo-Rate Reduction/Term Extension/Payment Delay*				*Total*				*Modification as a % of Loan Class*				*Weighted-Average Change in Rate*				*Weighted-Average Term Extension (in Years)*				*Weighted-Average Payment Deferral (in Years)*
		(In thousands)
Loan Type
Commercial loans		$	6,749			$	135			$	974			$	7,858				0.25	%			1.04				1.9				0.1
Residential mortgage loans			—				221				—				221				0.00	%			(0.18	)			0.0				2.0
Total		$	6,749			$	356			$	974			$	8,079

		*Three Months Ended September 30, 2023*																				*Financial Effects of Loan Modifications*
		*Term Extension*				*Payment Delay*				*Combo-Rate Reduction/Term Extension/Payment Delay*				*Total*				*Modification as a % of Loan Class*				*Weighted-Average Change in Rate*				*Weighted-Average Term Extension (in Years)*				*Weighted-Average Payment Deferral (in Years)*
		(In thousands)
Loan Type
Commercial loans		$	1,489			$	—			$	1,164			$	2,653				0.09	%			(0.94	)			0.80				0.40
Total		$	1,489			$	—			$	1,164			$	2,653


		*Nine Months Ended September 30, 2023*																				*Financial Effects of Loan Modifications*
		*Term Extension*				*Payment Delay*				*Combo-Rate Reduction/Term Extension/Payment Delay*				*Total*				*Modification as a % of Loan Class*				*Weighted-Average Change in Rate*				*Weighted-Average Term Extension (in Years)*				*Weighted-Average Payment Deferral (in Years)*
		(In thousands)
Loan Type
Commercial loans		$	1,489			$	—			$	1,199			$	2,688				0.09	%			(1.27	)			0.80				0.39
Total		$	1,489			$	—			$	1,199			$	2,688

Financing Receivable, Modified, Performance [Table Text Block]

		*Three Months Ended September 30, 2024*
		*Current*				*30–89 Days Past Due*				*90+ Days Past Due*				*Total*
		(In thousands)
Loan Type
Commercial loans		$	135			$	—			$	—			$	135
Total		$	135			$	—			$	—			$	135

		*Nine Months Ended September 30, 2024*
		*Current*				*30–89 Days Past Due*				*90+ Days Past Due*				*Total*
		(In thousands)
Loan Type
Commercial loans		$	7,858			$	—			$	—			$	7,858
Residential mortgage loans			221				—				—				221
Total		$	8,079			$	—			$	—			$	8,079

		Three Months Ended September 30, 2023
		Current				30–89 Days Past Due				90+ Days Past Due				Total
		(In thousands)
Loan Type
Commercial loans		$	2,653			$	—			$	—			$	2,653
Total		$	2,653			$	—			$	—			$	2,653

		Nine Months Ended September 30, 2023
		Current				30–89 Days Past Due				90+ Days Past Due				Total
		(In thousands)
Loan Type
Commercial loans		$	2,688			$	—			$	—			$	2,688
Total		$	2,688			$	—			$	—			$	2,688

Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block]

		*Loans Amortized Cost Basis by Origination Year*
September 30, 2024		*2024*				*2023*				*2022*				*2021*				*2020*				*Prior*				*Revolving Loans*				*Revolving Converted to Term Loans*				*Total*
		(In thousands)
Commercial loans
Pass/Watch		$	292,982			$	336,678			$	210,436			$	231,446			$	53,253			$	115,534			$	1,648,578			$	7,968			$	2,896,875
Special Mention			—				—				665				9,725				310				4,848				54,180				—				69,728
Substandard			50				6,204				14,563				6,790				22,515				6,317				75,490				390				132,319
Doubtful			—				—				—				4,656				—				—				—				—				4,656
Total		$	293,032			$	342,882			$	225,664			$	252,617			$	76,078			$	126,699			$	1,778,248			$	8,358			$	3,103,578
YTD gross write-offs		$	98			$	672			$	568			$	8,224			$	257			$	49			$	2,994			$	—			$	12,862
Construction loans
Pass/Watch		$	8,369			$	51,004			$	121,425			$	55,043			$	2,596			$	10,482			$	—			$	—			$	248,919
Special Mention			—				—				—				35,569				14,321				—				—				—				49,890
Substandard			—				3,967				3,497				—				—				—				—				—				7,464
Total		$	8,369			$	54,971			$	124,922			$	90,612			$	16,917			$	10,482			$	—			$	—			$	306,273
YTD gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Commercial real estate loans
Pass/Watch		$	1,032,804			$	2,084,411			$	1,788,747			$	1,489,868			$	823,095			$	2,293,030			$	168,887			$	—			$	9,680,842
Special Mention			2,095				—				19,859				18,601				17,221				23,405				565				—				81,746
Substandard			—				22,381				29,149				49,435				6,853				87,921				9,559				—				205,298
Total		$	1,034,899			$	2,106,792			$	1,837,755			$	1,557,904			$	847,169			$	2,404,356			$	179,011			$	—			$	9,967,886
YTD gross write-offs		$	—			$	—			$	—			$	—			$	—			$	1,997			$	—			$	—			$	1,997
Residential mortgage loans
Pass/Watch		$	511,483			$	1,041,679			$	1,046,124			$	818,090			$	469,840			$	1,831,283			$	—			$	—			$	5,718,499
Special Mention			—				—				—				—				33				1,592				—				—				1,625
Substandard			397				1,831				6,204				5,159				4,447				12,668				—				—				30,706
Total		$	511,880			$	1,043,510			$	1,052,328			$	823,249			$	474,320			$	1,845,543			$	—			$	—			$	5,750,830
YTD gross write-offs		$	—			$	—			$	—			$	59			$	—			$	—			$	—			$	—			$	59
Equity lines
Pass/Watch		$	—			$	—			$	77			$	—			$	—			$	—			$	208,885			$	16,732			$	225,694
Substandard			—				—				—				—				—				—				1,687				331				2,018
Total		$	—			$	—			$	77			$	—			$	—			$	—			$	210,572			$	17,063			$	227,712
YTD gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	3			$	3
Installment and other loans
Pass/Watch		$	5,354			$	1,349			$	106			$	—			$	—			$	—			$	—			$	—			$	6,809
Total		$	5,354			$	1,349			$	106			$	—			$	—			$	—			$	—			$	—			$	6,809
YTD gross write-offs		$	—			$	—			$	7			$	—			$	—			$	—			$	—			$	—			$	7
Total loans		$	1,853,534			$	3,549,504			$	3,240,852			$	2,724,382			$	1,414,484			$	4,387,080			$	2,167,831			$	25,421			$	19,363,088
Total YTD gross write-offs		$	98			$	672			$	575			$	8,283			$	257			$	2,046			$	2,994			$	3			$	14,928

		Loans Amortized Cost Basis by Origination Year
December 31, 2023		2023				2022				2021				2020				2019				Prior				Revolving Loans				Revolving Converted to Term Loans				Total
		(In thousands)
Commercial loans
Pass/Watch		$	381,705			$	323,939			$	326,650			$	96,725			$	75,281			$	136,162			$	1,775,162			$	8,308			$	3,123,932
Special Mention			4,488				4,875				8,559				23,380				—				—				75,419				—				116,721
Substandard			1,752				653				9,895				2,462				763				5,775				40,131				116				61,547
Total		$	387,945			$	329,467			$	345,104			$	122,567			$	76,044			$	141,937			$	1,890,712			$	8,424			$	3,302,200
YTD gross write-offs		$	—			$	977			$	1,312			$	384			$	3,672			$	6,044			$	1,520			$	—			$	13,909
Construction loans
Pass/Watch		$	29,550			$	131,984			$	153,977			$	19,461			$	13,298			$	3,131			$	—			$	—			$	351,401
Special Mention			1,911				—				11,707				25,389				—				22,998				—				—				62,005
Substandard			—				—				—				—				7,736				—				—				—				7,736
Total		$	31,461			$	131,984			$	165,684			$	44,850			$	21,034			$	26,129			$	—			$	—			$	421,142
YTD gross write-offs		$	—			$	—			$	—			$	—			$	—			$	4,221			$	—			$	—			$	4,221
Commercial real estate loans
Pass/Watch		$	2,121,489			$	1,959,239			$	1,585,010			$	887,508			$	1,019,952			$	1,726,015			$	184,601			$	—			$	9,483,814
Special Mention			37,604				18,910				38,405				3,499				10,303				17,210				1,384				—				127,315
Substandard			—				11,870				12,170				2,965				17,293				66,205				—				—				110,503
Total		$	2,159,093			$	1,990,019			$	1,635,585			$	893,972			$	1,047,548			$	1,809,430			$	185,985			$	—			$	9,721,632
YTD gross write-offs		$	—			$	—			$	208			$	—			$	969			$	4,164			$	—			$	—			$	5,341
Residential mortgage loans
Pass/Watch		$	1,140,998			$	1,128,526			$	902,613			$	524,315			$	541,005			$	1,583,118			$	—			$	—			$	5,820,575
Special Mention			—				—				—				33				—				1,619				—				—				1,652
Substandard			7				652				3,325				2,577				1,334				9,311				—				—				17,206
Total		$	1,141,005			$	1,129,178			$	905,938			$	526,925			$	542,339			$	1,594,048			$	—			$	—			$	5,839,433
YTD gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Equity lines
Pass/Watch		$	—			$	98			$	—			$	—			$	—			$	—			$	227,502			$	16,628			$	244,228
Special Mention			—				3				—				—				—				—				—				—				3
Substandard			—				—				—				—				—				—				2,511				173				2,684
Total		$	—			$	101			$	—			$	—			$	—			$	—			$	230,013			$	16,801			$	246,915
YTD gross write-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Installment and other loans
Pass/Watch		$	5,114			$	981			$	3			$	—			$	—			$	—			$	—			$	—			$	6,098
Total		$	5,114			$	981			$	3			$	—			$	—			$	—			$	—			$	—			$	6,098
YTD gross write-offs		$	—			$	15			$	—			$	—			$	—			$	—			$	—			$	—			$	15
Total loans		$	3,724,618			$	3,581,730			$	3,052,314			$	1,588,314			$	1,686,965			$	3,571,544			$	2,306,710			$	25,225			$	19,537,420
Total YTD gross write-offs		$	—			$	992			$	1,520			$	384			$	4,641			$	14,429			$	1,520			$	—			$	23,486

Financing Receivable, Allowance for Credit Loss [Table Text Block]

														*Residential*
										*Commercial*				*Mortgage Loans*				*Installment*
		*Commercial*				*Construction*				*Real Estate*				*and*				*and Other*
		*Loans*				*Loans*				*Loans*				*Equity Lines*				*Loans*				*Total*
		(In thousands)
Allowance for Loan Losses:
June 30, 2024 Ending Balance		$	48,588			$	8,912			$	78,465			$	17,415			$	23			$	153,403
Provision/(reversal) for expected credit losses			4,872				(402	)			8,444				1,554				64				14,532
Charge-offs			(2,666	)			—				(1,746	)			(59	)			(7	)			(4,478	)
Recoveries			88				—				180				7				1				276
Net (charge-offs)			(2,578	)			—				(1,566	)			(52	)			(6	)			(4,202	)
September 30, 2024 Ending Balance		$	50,882			$	8,510			$	85,343			$	18,917			$	81			$	163,733

Allowance for unfunded credit commitments:
June 30, 2024 Ending Balance		$	7,493			$	2,081			$	—			$	—			$	—			$	9,574
Provision/(reversal) for expected credit losses			208				(240	)			—				—				—				(32	)
September 30, 2024 Ending Balance		$	7,701			$	1,841			$	—			$	—			$	—			$	9,542

														Residential
										*Commercial*				*Mortgage Loans*				*Installment*
		*Commercial*				*Construction*				*Real Estate*				*and*				*and Other*
		*Loans*				*Loans*				*Loans*				*Equity Lines*				*Loans*				*Total*
		(In thousands)
Allowance for Loan Losses:
June 30, 2023 Ending Balance		$	50,579			$	12,751			$	73,547			$	18,214			$	18			$	155,109
(Reversal)/provision for expected credit losses			(178	)			2,360				3,307				586				46				6,121
Charge-offs			(6,254	)			—				(1,221	)			—				(8	)			(7,483	)
Recoveries			611				—				252				9				—				872
Net (charge-offs)			(5,643	)			—				(969	)			9				(8	)			(6,611	)
September 30, 2023 Ending Balance		$	44,758			$	15,111			$	75,885			$	18,809			$	56			$	154,619

Allowance for unfunded credit commitments:
June 30, 2023 Ending Balance		$	6,984			$	3,541			$	—			$	—			$	—			$	10,525
Provision/(reversal) for expected credit losses			1,570				(691	)			—				—				—				879
September 30, 2023 Ending Balance		$	8,554			$	2,850			$	—			$	—			$	—			$	11,404

														*Residential*
										*Commercial*				*Mortgage Loans*				*Installment*
		*Commercial*				*Construction*				*Real Estate*				*and*				*and Other*
		*Loans*				*Loans*				*Loans*				*Equity Lines*				*Loans*				*Total*
		(In thousands)
Allowance for Loan Losses:
December 31, 2023 Ending Balance		$	53,791			$	8,180			$	74,428			$	18,140			$	23			$	154,562
Provision/(reversal) for expected credit losses			8,927				330				12,731				459				64				22,511
Charge-offs			(12,862	)			—				(1,997	)			(62	)			(7	)			(14,928	)
Recoveries			1,026				—				181				380				1				1,588
Net (charge-offs)/recoveries			(11,836	)			—				(1,816	)			318				(6	)			(13,340	)
September 30, 2024 Ending Balance		$	50,882			$	8,510			$	85,343			$	18,917			$	81			$	163,733

Allowance for unfunded credit commitments:
December 31, 2023 Ending Balance		$	6,888			$	2,165			$	—			$	—			$	—			$	9,053
Provision/(reversal) for expected credit losses			813				(324	)			—				—				—				489
September 30, 2024 Ending Balance		$	7,701			$	1,841			$	—			$	—			$	—			$	9,542

														Residential
										*Commercial*				*Mortgage Loans*				*Installment*
		*Commercial*				*Construction*				*Real Estate*				*and*				*and Other*
		*Loans*				*Loans*				*Loans*				*Equity Lines*				*Loans*				*Total*
		(In thousands)
Allowance for Loan Losses:
December 31, 2022 Ending Balance		$	49,435			$	10,417			$	68,366			$	18,232			$	35			$	146,485
Provision for expected credit losses			6,276				4,694				10,027				548				36				21,581
Charge-offs			(12,517	)			—				(5,341	)			—				(15	)			(17,873	)
Recoveries			1,564				—				2,833				29				—				4,426
Net (charge-offs)/recoveries			(10,953	)			—				(2,508	)			29				(15	)			(13,447	)
September 30, 2023 Ending Balance		$	44,758			$	15,111			$	75,885			$	18,809			$	56			$	154,619

Allowance for unfunded credit commitments:
December 31, 2022 Ending Balance		$	4,840			$	3,890			$	—			$	—			$	—			$	8,730
Provision/(reversal) for expected credit losses			3,714				(1,040	)			—				—				—				2,674
September 30, 2023 Ending Balance		$	8,554			$	2,850			$	—			$	—			$	—			$	11,404