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Note 8 - Loans (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

March 31, 2025

  

December 31, 2024

 
  

(In thousands)

 
         

Commercial loans

 $2,998,423  $3,098,004 

Construction loans

  332,729   319,649 

Commercial real estate loans

  10,160,934   10,033,830 

Residential mortgage loans

  5,623,564   5,689,097 

Equity lines

  231,184   229,995 

Installment and other loans

  6,169   5,380 

Gross loans

 $19,353,003  $19,375,955 

Allowance for loan losses

  (173,936)  (161,765)

Unamortized deferred loan fees, net

  (11,657)  (10,541)

Total loans held for investment, net

 $19,167,410  $19,203,649 
         

Loans held for sale

 $11,759  $ 
Schedule of Nonaccrual Loans and Related Allowance and Charge Off [Table Text Block]
  

March 31, 2025

 
  

Unpaid Principal Balance

  

Recorded Investment

  

Allowance

 
  

(In thousands)

 
             

With no allocated allowance:

            

Commercial loans

 $50,294  $47,257  $ 

Commercial real estate loans

  91,320   76,622    

Residential mortgage loans and equity lines

  17,620   17,136    

Subtotal

 $159,234  $141,015  $ 
             

With allocated allowance:

            

Commercial loans

 $18,794  $6,105  $2,423 

Commercial real estate loans

  187   180   1 

Residential mortgage loans and equity lines

  7,980   7,326   29 

Subtotal

 $26,961  $13,611  $2,453 

Total non-accrual loans

 $186,195  $154,626  $2,453 
  

December 31, 2024

 
  

Unpaid Principal Balance

  

Recorded Investment

  

Allowance

 
  

(In thousands)

 
             

With no allocated allowance:

            

Commercial loans

 $56,022  $53,499  $ 

Commercial real estate loans

  100,316   82,936    

Residential mortgage loans and equity lines

  19,340   18,831    

Subtotal

 $175,678  $155,266  $ 
             

With allocated allowance:

            

Commercial loans

 $18,769  $6,267  $1,208 

Commercial mortgage loans

  194   193   1 

Residential mortgage loans and equity lines

  7,786   7,435   29 

Subtotal

 $26,749  $13,895  $1,238 

Total non-accrual loans

 $202,427  $169,161  $1,238 
Financing Receivable, Nonaccrual [Table Text Block]
  

Three Months Ended

 
  

March 31, 2025

 
  

Average Recorded Investment

  

Interest Income Recognized

 
  

(In thousands)

 
         

Commercial loans

 $56,112  $4 

Commercial real estate loans

  83,678    

Residential mortgage loans and equity lines

  28,651    

Total non-accrual loans

 $168,441  $4 
  

Three Months Ended

 
  

March 31, 2024

 
  

Average Recorded Investment

  

Interest Income Recognized

 
  

(In thousands)

 
         

Commercial loans

 $15,097  $3 

Construction loans

  28,099    

Commercial real estate loans

  43,871   48 

Residential mortgage loans and equity lines

  14,169    

Total non-accrual loans

 $101,236  $51 
Financing Receivable, Past Due [Table Text Block]
  

March 31, 2025

 
  

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

 $71,018  $294  $595  $53,362  $125,269  $2,873,154  $2,998,423 

Construction loans

  13,806   7,813         21,619   311,110   332,729 

Commercial real estate loans

  57,707   7,832      76,802   142,341   10,018,593   10,160,934 

Residential mortgage loans and equity lines

  35,413   2,904      24,462   62,779   5,791,969   5,854,748 

Installment and other loans

  200            200   5,969   6,169 

Total loans

 $178,144  $18,843  $595  $154,626  $352,208  $19,000,795  $19,353,003 
  

December 31, 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

 $25,164  $275  $2,590  $59,767  $87,796  $3,010,208  $3,098,004 

Construction loans

  5,334            5,334   314,315   319,649 

Commercial real estate loans

  16,525   13,934   1,460   83,128   115,047   9,918,783   10,033,830 

Residential mortgage loans and equity lines

  39,018   6,651      26,266   71,935   5,847,157   5,919,092 

Installment and other loans

                 5,380   5,380 

Total loans

 $86,041  $20,860  $4,050  $169,161  $280,112  $19,095,843  $19,375,955 
Financing Receivable, Modified, Amortized Cost [Table Text Block]
  

Three Months Ended March 31, 2025

      

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

 $5,431  $130  $974  $6,535   0.22%  0.92   1.9   0.1 

Commercial mortgage loans

        3,201   3,201   0.03%  0.86   1.7   1.7 

Residential mortgage loans

     217      217   0.00%  0.00   0.0   2.0 

Total

 $5,431  $347  $4,175  $9,953                 
  

Three Months Ended March 31, 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

 $  $  $2,529  $2,529   0.08%  (1.12)  2.20   0.90 

Residential mortgage loans

  222         222   0.00%  (0.12)  0.00   2.00 

Total

 $222  $  $2,529  $2,751                 
                                 
                                 
Financing Receivable, Modified, Subsequent Default [Table Text Block]
  

Three Months Ended March 31, 2025

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $1,610  $130  $  $1,740 

Total

 $1,610  $130  $  $1,740 
Financing Receivable, Modified, Performance [Table Text Block]
  

As of March 31, 2025

 
  

Current

  

30–89 Days Past Due

  

90+ Days Past Due

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $4,795  $  $1,740  $6,535 

Commercial real estate loans

  3,201         3,201 

Residential mortgage loans

  217         217 

Total

 $8,213  $  $1,740  $9,953 
  

As of March 31, 2024

 
  

Current

  

30–89 Days Past Due

  

90+ Days Past Due

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $  $  $2,529  $2,529 

Residential mortgage loans

        222   222 

Total

 $  $  $2,751  $2,751 
Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block]
  

Loans Amortized Cost Basis by Origination Year

             

March 31, 2025

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving Loans

  

Revolving Converted to Term Loans

  

Total

 
  

(In thousands)

 

Commercial loans

                                    

Pass/Watch

 $63,767  $330,063  $225,877  $165,477  $189,361  $111,102  $1,653,632  $7,519  $2,746,798 

Special Mention

        17,017   3,473      12,573   110,287      143,350 

Substandard

        5,070   10,560   3,763   28,132   61,099   749   109,373 

Total

 $63,767  $330,063  $247,964  $179,510  $193,124  $151,807  $1,825,018  $8,268  $2,999,521 

YTD gross write-offs

 $  $20  $42  $163  $2,119  $  $  $  $2,344 

Construction loans

                                    

Pass/Watch

 $6,121  $33,786  $56,969  $120,548  $59,450  $3,113  $886  $  $280,873 

Special Mention

           2,100   32,910            35,010 

Substandard

        4,230         11,706         15,936 

Total

 $6,121  $33,786  $61,199  $122,648  $92,360  $14,819  $886  $  $331,819 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Commercial real estate loans

                                    

Pass/Watch

 $362,249  $1,482,810  $1,971,002  $1,679,321  $1,393,421  $2,740,738  $187,137  $  $9,816,678 

Special Mention

  19,987   1,733   7,765   19,437   11,420   30,248   19,201      109,791 

Substandard

        11,348   54,030   62,419   89,230   5,841   3,200   226,068 

Total

 $382,236  $1,484,543  $1,990,115  $1,752,788  $1,467,260  $2,860,216  $212,179  $3,200  $10,152,537 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Residential mortgage loans

                                    

Pass/Watch

 $152,995  $609,493  $983,090  $988,664  $758,304  $2,094,351  $  $  $5,586,897 

Special Mention

     498   375   3,027   831   7,254         11,985 

Substandard

  29   1,041   2,274   4,772   3,620   14,099         25,835 

Total

 $153,024  $611,032  $985,739  $996,463  $762,755  $2,115,704  $  $  $5,624,717 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Equity lines

                                    

Pass/Watch

 $  $  $  $  $  $  $211,828  $17,163  $228,991 

Substandard

                    2,760   147   2,907 

Total

 $  $  $  $  $  $  $214,588  $17,310  $231,898 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Installment and other loans

                                    

Pass/Watch

 $  $  $  $854  $  $  $  $  $854 

Total

 $  $  $  $854  $  $  $  $  $854 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Total loans

 $605,148  $2,459,424  $3,285,017  $3,052,263  $2,515,499  $5,142,546  $2,252,671  $28,778  $19,341,346 

Total YTD gross write-offs

 $  $20  $42  $163  $2,119  $  $  $  $2,344 
  

Loans Amortized Cost Basis by Origination Year

             

December 31, 2024

 

2024

  

2023

  

2021

  

2020

  

2019

  

Prior

  

Revolving Loans

  

Revolving Converted to Term Loans

  

Total

 
  

(In thousands)

 

Commercial loans

                                    

Pass/Watch

 $400,836  $237,303  $203,190  $201,837  $27,359  $90,724  $1,675,260  $7,804  $2,844,313 

Special Mention

     17,424   740      9,117   5,139   92,632      125,052 

Substandard

  50   5,070   12,104   6,773   22,357   6,256   67,553   222   120,385 

Doubtful

  1,857         3,118               4,975 

Total

 $402,743  $259,797  $216,034  $211,728  $58,833  $102,119  $1,835,445  $8,026  $3,094,725 

YTD gross write-offs

 $188  $1,586  $3,151  $8,950  $257  $64  $12,730  $  $26,926 

Construction loans

                                    

Pass/Watch

 $22,562  $55,835  $126,200  $57,546  $3,021  $  $  $  $265,164 

Special Mention

           35,569   13,837            49,406 

Substandard

     4,230                     4,230 

Total

 $22,562  $60,065  $126,200  $93,115  $16,858  $  $  $  $318,800 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Commercial real estate loans

                                    

Pass/Watch

 $1,463,225  $1,987,280  $1,724,563  $1,428,124  $800,645  $2,108,143  $180,394  $  $9,692,374 

Special Mention

  8,805   8,292   28,465   16,462   24,844   19,888   9,939      116,695 

Substandard

     11,364   54,269   57,929   6,946   78,737   8,152      217,397 

Total

 $1,472,030  $2,006,936  $1,807,297  $1,502,515  $832,435  $2,206,768  $198,485  $  $10,026,466 

YTD gross write-offs

 $  $  $  $  $296  $4,173  $  $  $4,469 

Residential mortgage loans

                                    

Pass/Watch

 $642,568  $1,020,419  $1,014,842  $781,218  $452,623  $1,745,923  $  $  $5,657,593 

Special Mention

              33   1,585         1,618 

Substandard

  397   2,513   4,362   5,183   4,191   13,436         30,082 

Total

 $642,965  $1,022,932  $1,019,204  $786,401  $456,847  $1,760,944  $  $  $5,689,293 

YTD gross write-offs

 $  $  $  $59  $  $  $  $  $59 

Equity lines

                                    

Pass/Watch

 $  $  $72  $  $  $  $211,374  $16,277  $227,723 

Special Mention

                       11   11 

Substandard

                    2,927   161   3,088 

Total

 $  $  $72  $  $  $  $214,301  $16,449  $230,822 

YTD gross write-offs

 $  $  $  $  $  $  $3  $  $3 

Installment and other loans

                                    

Pass/Watch

 $5,264  $  $44  $  $  $  $  $  $5,308 

Total

 $5,264  $  $44  $  $  $  $  $  $5,308 

YTD gross write-offs

 $  $  $15  $  $  $  $  $  $15 

Total loans

 $2,545,564  $3,349,730  $3,168,851  $2,593,759  $1,364,973  $4,069,831  $2,248,231  $24,475  $19,365,414 

Total YTD gross write-offs

 $188  $1,586  $3,166  $9,009  $553  $4,237  $12,733  $  $31,472 
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:

                        

December 31, 2024 Ending Balance

 $57,796  $8,185  $79,597  $16,181  $6  $161,765 

Provision/(reversal) for expected credit losses

  13,301   355   1,214   (733)  11   14,148 

Charge-offs

  (2,344)              (2,344)

Recoveries

  270      90   7      367 

Net (charge-offs)

  (2,074)     90   7      (1,977)

March 31, 2025 Ending Balance

 $69,023  $8,540  $80,901  $15,455  $17  $173,936 
                         

Allowance for unfunded credit commitments:

                        

December 31, 2024 Ending Balance

 $7,780  $1,896  $  $  $  $9,676 

Provision for expected credit losses

  1,277   75            1,352 

March 31, 2025 Ending Balance

 $9,057  $1,971  $  $  $  $11,028 
              

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 

(Reversal)/provision for expected credit losses

  (1,374)  359   2,872   (677)  (13)  1,167 

Charge-offs

  (1,939)     (251)  (3)     (2,193)

Recoveries

  812         241      1,053 

Net (charge-offs)

  (1,127)     (251)  238      (1,140)

March 31, 2024 Ending Balance

 $51,290  $8,539  $77,049  $17,701  $10  $154,589 
                         

Allowance for unfunded credit commitments:

                        

December 31, 2023 Ending Balance

 $6,888  $2,165  $  $  $  $9,053 

Provision for expected credit losses

  572   161            733 

March 31, 2024 Ending Balance

 $7,460  $2,326  $  $  $  $9,786