XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Note 8 - Loans (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

June 30, 2025

  

December 31, 2024

 
  

(In thousands)

 
         

Commercial loans

 $3,194,724  $3,098,004 

Construction loans

  301,125   319,649 

Commercial real estate loans

  10,363,109   10,033,830 

Residential mortgage loans

  5,692,142   5,689,097 

Equity lines

  230,001   229,995 

Installment and other loans

  3,601   5,380 

Gross loans

 $19,784,702  $19,375,955 

Allowance for loan losses

  (173,531)  (161,765)

Unamortized deferred loan fees, net

  (13,834)  (10,541)

Total loans held for investment, net

 $19,597,337  $19,203,649 
         

Loans held for sale

 $13,338  $ 
Schedule of Nonaccrual Loans and Related Allowance and Charge Off [Table Text Block]
  

June 30, 2025

 
  

Unpaid Principal Balance

  

Recorded Investment

  

Allowance

 
  

(In thousands)

 
             

With no allocated allowance:

            

Commercial loans

 $55,765  $44,006  $ 

Construction loans

  4,230   4,230    

Commercial real estate loans

  112,794   93,557    

Residential mortgage loans and equity lines

  15,512   14,903    

Subtotal

 $188,301  $156,696  $ 
             

With allocated allowance:

            

Commercial loans

 $23,271  $10,530  $4,282 

Commercial real estate loans

  201   197   2 

Residential mortgage loans and equity lines

  7,297   6,730   28 

Subtotal

 $30,769  $17,457  $4,312 

Total non-accrual loans

 $219,070  $174,153  $4,312 
  

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

  

Six Months Ended

 
  

June 30, 2025

  

June 30, 2025

 
  

Average Recorded Investment

  

Interest Income Recognized

  

Average Recorded Investment

  

Interest Income Recognized

 
  

(In thousands)

 
                 

Commercial loans

 $57,717  $2  $56,919  $6 

Construction loans

  5,411      2,720    

Commercial real estate loans

  93,809      88,772    

Residential mortgage loans and equity lines

  24,057      26,341    

Total non-accrual loans

 $180,994  $2  $174,752  $6 
  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2024

  

June 30, 2024

 
  

Average Recorded Investment

  

Interest Income Recognized

  

Average Recorded Investment

  

Interest Income Recognized

 
  

(In thousands)

 
                 

Commercial loans

 $7,462  $3  $11,279  $5 

Construction loans

  22,998      25,548    

Commercial real estate loans

  57,997   74   50,934   122 

Residential mortgage loans and equity lines

  16,720      15,445    

Total non-accrual loans

 $105,177  $77  $103,206  $127 
Financing Receivable, Past Due [Table Text Block]
  

June 30, 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

 $10,976  $26,970  $6,389  $54,536  $98,871  $3,095,853  $3,194,724 

Construction loans

           4,230   4,229   296,896   301,125 

Commercial real estate loans

  11,512   37,622      93,754   142,888   10,220,221   10,363,109 

Residential mortgage loans and equity lines

  1,432   7,320      21,633   30,385   5,891,758   5,922,143 

Installment and other loans

                 3,601   3,601 

Total loans

 $23,920  $71,912  $6,389  $174,153  $276,373  $19,508,329  $19,784,702 
  

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 June 30, 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 mortgage loans

        2,480   2,480   0.02%  (4.74)  3.3   0.0 

Total

 $  $  $2,480  $2,480                 
  

Six Months Ended June 30, 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

 $6,550  $  $974  $7,524   0.24%  1.27   2.0   0.1 

Commercial mortgage loans

        4,354   4,354   0.04%  (2.72)  2.6   0.9 

Residential mortgage loans

        217   217   0.00%  0.00   0.0   2.0 

Total

 $6,550  $  $5,545  $12,095                 
  

Three Months Ended June 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

 $4,883  $  $  $4,883   0.16%  (0.74)  1.5   0.0 

Total

 $4,883  $  $  $4,883                 
  

Six Months Ended June 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

 $4,883  $  $1,836  $6,719   0.22%  (0.06)  1.8   0.3 

Residential mortgage loans

     221      221   0.00%  (0.15)  0.0   2.0 

Total

 $4,883  $221  $1,836  $6,940                 
Financing Receivable, Modified, Subsequent Default [Table Text Block]
  

Three Months Ended June 30, 2025

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $  $  $  $ 

Total

 $  $  $  $ 
  

Six Months Ended June 30, 2025

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $1,610  $  $  $1,610 

Total

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

As of June 30, 2025

 
  

Current

  

30–89 Days Past Due

  

90+ Days Past Due

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $5,914  $  $1,610  $7,524 

Commercial real estate loans

  4,354         4,354 

Residential mortgage loans

  217         217 

Total

 $10,485  $  $1,610  $12,095 
  

As of June 30, 2024

 
  

Current

  

30–89 Days Past Due

  

90+ Days Past Due

  

Total

 
  

(In thousands)

 

Loan Type

                

Commercial loans

 $6,719  $  $  $6,719 

Residential mortgage loans

  221         221 

Total

 $6,940  $  $  $6,940 
Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block]
  

Loans Amortized Cost Basis by Origination Year

             

June 30, 2025

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving Loans

  

Revolving Converted to Term Loans

  

Total

 
  

(In thousands)

 

Commercial loans

                                    

Pass/Watch

 $166,901  $288,266  $241,500  $163,651  $166,698  $121,416  $1,785,634  $7,520  $2,941,586 

Special Mention

  3,500         2,834      4,121   108,087      118,542 

Substandard

  45   10,750   21,661   10,672   3,751   29,508   55,325   562   132,274 

Total

 $170,446  $299,016  $263,161  $177,157  $170,449  $155,045  $1,949,046  $8,082  $3,192,402 

YTD gross write-offs

 $  $20  $208  $417  $2,164  $6,080  $2,572  $  $11,461 

Construction loans

                                    

Pass/Watch

 $11,888  $52,571  $61,413  $93,629  $29,452  $3,108  $2,637  $  $254,698 

Special Mention

           2,384   30,146            32,530 

Substandard

        4,230         8,439         12,669 

Total

 $11,888  $52,571  $65,643  $96,013  $59,598  $11,547  $2,637  $  $299,897 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Commercial real estate loans

                                    

Pass/Watch

 $1,020,084  $1,440,094  $1,852,003  $1,571,769  $1,343,369  $2,542,860  $168,059  $  $9,938,238 

Special Mention

  19,687   177   11,610   54,989   35,551   17,973   17,746      157,733 

Substandard

  2,480   15,053   11,345   64,036   63,035   94,579   5,704   1,873   258,105 

Total

 $1,042,251  $1,455,324  $1,874,958  $1,690,794  $1,441,955  $2,655,412  $191,509  $1,873  $10,354,076 

YTD gross write-offs

 $  $  $  $  $930  $2,909  $  $  $3,839 

Residential mortgage loans

                                    

Pass/Watch

 $449,805  $565,116  $953,064  $965,617  $728,568  $2,001,003  $  $  $5,663,173 

Special Mention

                 1,604         1,604 

Substandard

  31   1,693   3,536   2,294   3,794   16,611         27,959 

Total

 $449,836  $566,809  $956,600  $967,911  $732,362  $2,019,218  $  $  $5,692,736 

YTD gross write-offs

 $  $74  $  $  $  $  $  $  $74 

Equity lines

                                    

Pass/Watch

 $  $  $  $  $  $  $212,868  $16,720  $229,588 

Substandard

                    954   137   1,091 

Total

 $  $  $  $  $  $  $213,822  $16,857  $230,679 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Installment and other loans

                                    

Pass/Watch

 $  $  $  $1,078  $  $  $  $  $1,078 

Total

 $  $  $  $1,078  $  $  $  $  $1,078 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Total loans

 $1,674,421  $2,373,720  $3,160,362  $2,932,953  $2,404,364  $4,841,222  $2,357,014  $26,812  $19,770,868 

Total YTD gross write-offs

 $  $94  $208  $417  $3,094  $8,989  $2,572  $  $15,374 
  

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:

                        

March 31, 2025 Ending Balance

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

(Reversal)/provision for expected credit losses

  (19,260)  (3,106)  29,621   5,081      12,336 

Charge-offs

  (9,117)     (3,839)  (74)     (13,030)

Recoveries

  196      90   3      289 

Net (charge-offs)/recoveries

  (8,921)     (3,749)  (71)     (12,741)

June 30, 2025 Ending Balance

 $40,842  $5,434  $106,773  $20,465  $17  $173,531 
                         

Allowance for unfunded credit commitments:

                        

March 31, 2025 Ending Balance

 $9,057  $1,971  $  $  $  $11,028 

(Reversal)/provision for expected credit losses

  (1,467)  277   54         (1,136)

June 30, 2025 Ending Balance

 $7,590  $2,248  $54  $  $  $9,892 
              

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:

                        

March 31, 2024 Ending Balance

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

Provision/(reversal) for expected credit losses

  5,429   373   1,416   (419)  13   6,812 

Charge-offs

  (8,257)              (8,257)

Recoveries

  126         134      260 

Net (charge-offs)/recoveries

  (8,131)        134      (7,997)

June 30, 2024 Ending Balance

 $48,588  $8,912  $78,465  $17,416  $23  $153,404 
                         

Allowance for unfunded credit commitments:

                        

March 31, 2024 Ending Balance

 $7,460  $2,326  $  $  $  $9,786 

Provision/(reversal) for expected credit losses

  33   (245)           (212)

June 30, 2024 Ending Balance

 $7,493  $2,081  $  $  $  $9,574 
              

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 

(Reversal)/provision for expected credit losses

  (5,957)  (2,752)  30,834   4,348   11   26,484 

Charge-offs

  (11,461)     (3,839)  (74)     (15,374)

Recoveries

  464   1   181   10      656 

Net (charge-offs)/recoveries

  (10,997)  1   (3,658)  (64)     (14,718)

June 30, 2025 Ending Balance

 $40,842  $5,434  $106,773  $20,465  $17  $173,531 
                         

Allowance for unfunded credit commitments:

                        

December 31, 2024 Ending Balance

 $7,780  $1,896  $  $  $  $9,676 

(Reversal)/provision for expected credit losses

  (190)  352   54         216 

June 30, 2025 Ending Balance

 $7,590  $2,248  $54  $  $  $9,892 
              

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

  4,055   732   4,288   (1,096)     7,979 

Charge-offs

  (10,196)     (251)  (3)     (10,450)

Recoveries

  938         375      1,313 

Net (charge-offs)/recoveries

  (9,258)     (251)  372      (9,137)

June 30, 2024 Ending Balance

 $48,588  $8,912  $78,465  $17,416  $23  $153,404 
                         

Allowance for unfunded credit commitments:

                        

December 31, 2023 Ending Balance

 $6,888  $2,165  $  $  $  $9,053 

Provision/(reversal) for expected credit losses

  605   (84)           521 

June 30, 2024 Ending Balance

 $7,493  $2,081  $  $  $  $9,574