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Allowance for Credit Losses | 3 Months Ended
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Mar. 31, 2025
Allowance for Credit Losses |
Allowance for Credit Losses | 4. Allowance for Credit Losses ​ The Company maintains the allowance for credit losses for loans and leases (the “ACL”) that is deducted from the amortized cost basis of loans and leases to present the net carrying value of loans and leases expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount of loans and leases. While management utilizes its best judgment and information available, the ultimate appropriateness of the ACL is dependent upon a variety of factors beyond the Company’s control, including the performance of the Company’s loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. ​ The Company also maintains an estimated reserve for unfunded commitments on the unaudited interim consolidated balance sheets. The reserve for unfunded commitments is reduced in the period in which the off-balance sheet financial instruments expire, loan funding occurs, or is otherwise settled. ​ The Company’s methodology is more fully described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and should be read in conjunction with these unaudited interim consolidated financial statements as of and for the three months ended March 31, 2025. ​ Rollforward of the Allowance for Credit Losses ​ The following presents the activity in the ACL by class of loans and leases for the three months ended March 31, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2025
​ | ​ | Commercial Lending | ​ | Residential Lending | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Home | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Real | ​ | ​ | ​ | Lease | ​ | Residential | ​ | Equity | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Estate |  | Construction |  | Financing |  | Mortgage |  | Line |  | Consumer |  | Total
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period | ​ | $ | 16,332 | ​ | $ | 40,624 | ​ | $ | 8,570 | ​ | $ | 2,269 | ​ | $ | 39,230 | ​ | $ | 10,205 | ​ | $ | 43,163 | ​ | $ | 160,393
Charge-offs | ​ | ​ | (1,459) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (14) | ​ | ​ | (5,025) | ​ | ​ | (6,498)
Recoveries | ​ | ​ | 403 | ​ | ​ | 251 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20 | ​ | ​ | 64 | ​ | ​ | 1,979 | ​ | ​ | 2,717
Provision | ​ | ​ | 2,716 | ​ | ​ | (1,505) | ​ | ​ | 941 | ​ | ​ | 75 | ​ | ​ | (4,876) | ​ | ​ | 15 | ​ | ​ | 12,634 | ​ | ​ | 10,000
Balance at end of period | ​ | $ | 17,992 | ​ | $ | 39,370 | ​ | $ | 9,511 | ​ | $ | 2,344 | ​ | $ | 34,374 | ​ | $ | 10,270 | ​ | $ | 52,751 | ​ | $ | 166,612
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2024
​ | ​ | Commercial Lending | ​ | Residential Lending | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Home | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Real | ​ | ​ | ​ | Lease | ​ | Residential | ​ | Equity | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Estate |  | Construction |  | Financing |  | Mortgage |  | Line |  | Consumer |  | Total
Allowance for credit losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period | ​ | $ | 14,956 | ​ | $ | 43,944 | ​ | $ | 10,392 | ​ | $ | 1,754 | ​ | $ | 36,880 | ​ | $ | 11,728 | ​ | $ | 36,879 | ​ | $ | 156,533
Charge-offs | ​ | ​ | (909) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4,854) | ​ | ​ | (5,763)
Recoveries | ​ | ​ | 211 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 30 | ​ | ​ | 44 | ​ | ​ | 1,689 | ​ | ​ | 1,974
Provision | ​ | ​ | 2,829 | ​ | ​ | (418) | ​ | ​ | 2,049 | ​ | ​ | 731 | ​ | ​ | (120) | ​ | ​ | (325) | ​ | ​ | 2,346 | ​ | ​ | 7,092
Balance at end of period | ​ | $ | 17,087 | ​ | $ | 43,526 | ​ | $ | 12,441 | ​ | $ | 2,485 | ​ | $ | 36,790 | ​ | $ | 11,447 | ​ | $ | 36,060 | ​ | $ | 159,836
​ Rollforward of the Reserve for Unfunded Commitments ​ The following presents the activity in the Reserve for Unfunded Commitments for the three months ended March 31, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2025
​ | ​ | Commercial Lending | ​ | Residential Lending | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Home | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Real | ​ | ​ | ​ | Lease | ​ | Residential | ​ | Equity | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Estate |  | Construction |  | Financing |  | Mortgage |  | Line |  | Consumer |  | Total
Reserve for unfunded commitments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period | ​ | $ | 8,112 | ​ | $ | 1,003 | ​ | $ | 7,818 | ​ | $ | — | ​ | $ | 3 | ​ | $ | 15,893 | ​ | $ | 18 | ​ | $ | 32,847
Provision | ​ | ​ | 714 | ​ | ​ | 132 | ​ | ​ | (239) | ​ | ​ | — | ​ | ​ | 84 | ​ | ​ | (212) | ​ | ​ | 21 | ​ | ​ | 500
Balance at end of period | ​ | $ | 8,826 | ​ | $ | 1,135 | ​ | $ | 7,579 | ​ | $ | — | ​ | $ | 87 | ​ | $ | 15,681 | ​ | $ | 39 | ​ | $ | 33,347
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2024
​ | ​ | Commercial Lending | ​ | Residential Lending | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Home | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Real | ​ | ​ | ​ | Lease | ​ | Residential | ​ | Equity | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | Industrial |  | Estate |  | Construction |  | Financing |  | Mortgage |  | Line |  | Consumer |  | Total
Reserve for unfunded commitments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period | ​ | $ | 9,116 | ​ | $ | 1,787 | ​ | $ | 8,048 | ​ | $ | — | ​ | $ | 24 | ​ | $ | 16,589 | ​ | $ | 41 | ​ | $ | 35,605
Provision | ​ | ​ | (324) | ​ | ​ | 86 | ​ | ​ | (1,151) | ​ | ​ | — | ​ | ​ | (10) | ​ | ​ | 598 | ​ | ​ | 9 | ​ | ​ | (792)
Balance at end of period | ​ | $ | 8,792 | ​ | $ | 1,873 | ​ | $ | 6,897 | ​ | $ | — | ​ | $ | 14 | ​ | $ | 17,187 | ​ | $ | 50 | ​ | $ | 34,813
​ Credit Quality Information ​ The Company performs an internal loan review and grading or scoring procedures on an ongoing basis. The review provides management with periodic information as to the quality of the loan portfolio and effectiveness of the Company’s lending policies and procedures. The objective of the loan review and grading or scoring procedures is to identify, in a timely manner, existing or emerging credit quality issues so that appropriate steps can be initiated to avoid or minimize future losses. ​ Loans and leases subject to grading primarily include: commercial and industrial loans, commercial real estate loans, construction loans and lease financing. Other loans subject to grading include installment loans to businesses or individuals for business and commercial purposes, overdraft lines of credit, commercial credit cards, and other credits as may be determined. Credit quality indicators for internally graded loans and leases are generally updated on an annual basis or on a quarterly basis for those loans and leases deemed to be of potentially higher risk. ​ An internal credit risk rating system is used to determine loan grade and is based on borrower credit risk and transactional risk. The loan grading process is a mechanism used to determine the risk of a particular borrower and is based on the following factors of a borrower: character, earnings and operating cash flow, asset and liability structure, debt capacity, management and controls, borrowing entity, and industry and operating environment. ​ Pass – “Pass” (uncriticized) loans and leases, are not considered to carry greater than normal risk. The borrower has the apparent ability to satisfy obligations to the Company, and therefore no loss in ultimate collection is anticipated. ​ Special Mention – Loans and leases that have potential weaknesses deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for assets or in the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. ​ Substandard – Loans and leases that are inadequately protected by the current financial condition and paying capacity of the obligor or by any collateral pledged. Loans and leases so classified must have a well-defined weakness or weaknesses that jeopardize the collection of the debt. They are characterized by the distinct possibility that the bank may sustain some loss if the deficiencies are not corrected. ​ Doubtful – Loans and leases that have weaknesses found in substandard borrowers with the added provision that the weaknesses make collection of debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. ​ Loss – Loans and leases classified as loss are considered uncollectible and of such little value that their continuance as an asset is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. ​ Loans that are primarily monitored for credit quality using FICO scores include: residential mortgage loans, home equity lines and consumer loans. FICO scores are calculated primarily based on a consideration of payment history, the current amount of debt, the length of credit history available, a recent history of new sources of credit and the mix of credit type. FICO scores are updated on a monthly, quarterly or bi-annual basis, depending on the product type. ​ The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of March 31, 2025 was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Converted | ​ | ​ | ​
​ | ​ | Term Loans | ​ | Revolving | ​ | to Term | ​ | ​ | ​
​ | ​ | Amortized Cost Basis by Origination Year | ​ | Loans | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amortized | ​ | Amortized | ​ | ​ | ​
(dollars in thousands) | ​ | 2025 | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | Prior | ​ | Cost Basis | ​ | Cost Basis | ​ | Total
Commercial Lending | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 19,578 | ​ | $ | 173,435 | ​ | $ | 68,842 | ​ | $ | 172,494 | ​ | $ | 220,547 | ​ | $ | 268,053 | ​ | $ | 1,148,880 | ​ | $ | 20,009 | ​ | $ | 2,091,838
Special Mention | ​ | ​ | 364 | ​ | ​ | 916 | ​ | ​ | 2,250 | ​ | ​ | 3,353 | ​ | ​ | 58 | ​ | ​ | 1,229 | ​ | ​ | 41,972 | ​ | ​ | — | ​ | ​ | 50,142
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,948 | ​ | ​ | 26 | ​ | ​ | 1,238 | ​ | ​ | 24,836 | ​ | ​ | — | ​ | ​ | 34,048
Other (1) | ​ | ​ | 8,099 | ​ | ​ | 12,828 | ​ | ​ | 7,983 | ​ | ​ | 6,045 | ​ | ​ | 2,255 | ​ | ​ | 2,105 | ​ | ​ | 46,051 | ​ | ​ | — | ​ | ​ | 85,366
Total Commercial and Industrial | ​ | ​ | 28,041 | ​ | ​ | 187,179 | ​ | ​ | 79,075 | ​ | ​ | 189,840 | ​ | ​ | 222,886 | ​ | ​ | 272,625 | ​ | ​ | 1,261,739 | ​ | ​ | 20,009 | ​ | ​ | 2,261,394
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | 43 | ​ | ​ | 95 | ​ | ​ | 179 | ​ | ​ | 356 | ​ | ​ | 779 | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | 1,459
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | ​ | 105,358 | ​ | ​ | 291,863 | ​ | ​ | 384,491 | ​ | ​ | 796,202 | ​ | ​ | 632,631 | ​ | ​ | 1,889,571 | ​ | ​ | 100,071 | ​ | ​ | 7,645 | ​ | ​ | 4,207,832
Special Mention | ​ | ​ | — | ​ | ​ | 8,979 | ​ | ​ | 2,235 | ​ | ​ | 7,483 | ​ | ​ | 41,397 | ​ | ​ | 22,702 | ​ | ​ | 11,747 | ​ | ​ | — | ​ | ​ | 94,543
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 54,918 | ​ | ​ | 1,007 | ​ | ​ | 9,003 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 64,928
Other (1) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 130 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 130
Total Commercial Real Estate | ​ | ​ | 105,358 | ​ | ​ | 300,842 | ​ | ​ | 386,726 | ​ | ​ | 858,603 | ​ | ​ | 675,035 | ​ | ​ | 1,921,406 | ​ | ​ | 111,818 | ​ | ​ | 7,645 | ​ | ​ | 4,367,433
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | ​ | 4,610 | ​ | ​ | 122,410 | ​ | ​ | 198,780 | ​ | ​ | 353,108 | ​ | ​ | 162,361 | ​ | ​ | 52,233 | ​ | ​ | 22,934 | ​ | ​ | — | ​ | ​ | 916,436
Special Mention | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 147 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 147
Other (1) | ​ | ​ | 522 | ​ | ​ | 14,134 | ​ | ​ | 8,910 | ​ | ​ | 8,500 | ​ | ​ | 1,553 | ​ | ​ | 3,177 | ​ | ​ | 693 | ​ | ​ | — | ​ | ​ | 37,489
Total Construction | ​ | ​ | 5,132 | ​ | ​ | 136,544 | ​ | ​ | 207,690 | ​ | ​ | 361,608 | ​ | ​ | 163,914 | ​ | ​ | 55,557 | ​ | ​ | 23,627 | ​ | ​ | — | ​ | ​ | 954,072
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease Financing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | ​ | 69,731 | ​ | ​ | 94,965 | ​ | ​ | 99,259 | ​ | ​ | 56,228 | ​ | ​ | 13,304 | ​ | ​ | 98,262 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 431,749
Special Mention | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 226 | ​ | ​ | — | ​ | ​ | 195 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 421
Substandard | ​ | ​ | — | ​ | ​ | 4,411 | ​ | ​ | 526 | ​ | ​ | 292 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,229
Total Lease Financing | ​ | ​ | 69,731 | ​ | ​ | 99,376 | ​ | ​ | 100,011 | ​ | ​ | 56,520 | ​ | ​ | 13,499 | ​ | ​ | 98,262 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 437,399
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Commercial Lending | ​ | $ | 208,262 | ​ | $ | 723,941 | ​ | $ | 773,502 | ​ | $ | 1,466,571 | ​ | $ | 1,075,334 | ​ | $ | 2,347,850 | ​ | $ | 1,397,184 | ​ | $ | 27,654 | ​ | $ | 8,020,298
Current period gross charge-offs | ​ | $ | — | ​ | $ | 43 | ​ | $ | 95 | ​ | $ | 179 | ​ | $ | 356 | ​ | $ | 779 | ​ | $ | 7 | ​ | $ | — | ​ | $ | 1,459
(continued)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Converted | ​ | ​ | ​
​ | ​ | Term Loans | ​ | Revolving | ​ | to Term | ​ | ​ | ​
​ | ​ | Amortized Cost Basis by Origination Year | ​ | Loans | ​ | Loans | ​ | ​ | ​
(continued) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amortized | ​ | Amortized | ​ | ​ | ​
(dollars in thousands) | ​ | 2025 | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | Prior | ​ | Cost Basis | ​ | Cost Basis | ​ | Total
Residential Lending | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential Mortgage | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FICO: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
740 and greater | ​ | $ | 41,949 | ​ | $ | 161,436 | ​ | $ | 183,292 | ​ | $ | 482,310 | ​ | $ | 933,384 | ​ | $ | 1,578,605 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,380,976
680 - 739 | ​ | ​ | 4,088 | ​ | ​ | 18,218 | ​ | ​ | 34,761 | ​ | ​ | 65,347 | ​ | ​ | 101,230 | ​ | ​ | 192,602 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 416,246
620 - 679 | ​ | ​ | 734 | ​ | ​ | 1,714 | ​ | ​ | 3,922 | ​ | ​ | 23,196 | ​ | ​ | 18,793 | ​ | ​ | 51,826 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 100,185
550 - 619 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 817 | ​ | ​ | 6,495 | ​ | ​ | 7,696 | ​ | ​ | 17,224 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,232
Less than 550 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 731 | ​ | ​ | 771 | ​ | ​ | 2,253 | ​ | ​ | 7,503 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,258
No Score (3) | ​ | ​ | — | ​ | ​ | 13,199 | ​ | ​ | 6,330 | ​ | ​ | 16,757 | ​ | ​ | 9,837 | ​ | ​ | 50,065 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 96,188
Other (2) | ​ | ​ | 759 | ​ | ​ | 8,020 | ​ | ​ | 11,914 | ​ | ​ | 16,416 | ​ | ​ | 14,182 | ​ | ​ | 37,781 | ​ | ​ | 3,361 | ​ | ​ | — | ​ | ​ | 92,433
Total Residential Mortgage | ​ | ​ | 47,530 | ​ | ​ | 202,587 | ​ | ​ | 241,767 | ​ | ​ | 611,292 | ​ | ​ | 1,087,375 | ​ | ​ | 1,935,606 | ​ | ​ | 3,361 | ​ | ​ | — | ​ | ​ | 4,129,518
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Home Equity Line | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FICO: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
740 and greater | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 911,857 | ​ | ​ | 1,404 | ​ | ​ | 913,261
680 - 739 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 169,131 | ​ | ​ | 1,684 | ​ | ​ | 170,815
620 - 679 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 39,262 | ​ | ​ | 592 | ​ | ​ | 39,854
550 - 619 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,077 | ​ | ​ | 485 | ​ | ​ | 12,562
Less than 550 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,645 | ​ | ​ | 486 | ​ | ​ | 7,131
No Score (3) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,272 | ​ | ​ | — | ​ | ​ | 1,272
Total Home Equity Line | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,140,244 | ​ | ​ | 4,651 | ​ | ​ | 1,144,895
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14 | ​ | ​ | — | ​ | ​ | 14
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Residential Lending | ​ | $ | 47,530 | ​ | $ | 202,587 | ​ | $ | 241,767 | ​ | $ | 611,292 | ​ | $ | 1,087,375 | ​ | $ | 1,935,606 | ​ | $ | 1,143,605 | ​ | $ | 4,651 | ​ | $ | 5,274,413
Current period gross charge-offs | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 14 | ​ | $ | — | ​ | $ | 14
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer Lending | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FICO: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
740 and greater | ​ | ​ | 32,634 | ​ | ​ | 80,861 | ​ | ​ | 58,623 | ​ | ​ | 73,919 | ​ | ​ | 37,183 | ​ | ​ | 15,253 | ​ | ​ | 93,415 | ​ | ​ | 112 | ​ | ​ | 392,000
680 - 739 | ​ | ​ | 19,668 | ​ | ​ | 66,839 | ​ | ​ | 41,621 | ​ | ​ | 38,860 | ​ | ​ | 18,814 | ​ | ​ | 9,295 | ​ | ​ | 84,783 | ​ | ​ | 515 | ​ | ​ | 280,395
620 - 679 | ​ | ​ | 6,692 | ​ | ​ | 31,051 | ​ | ​ | 16,155 | ​ | ​ | 17,379 | ​ | ​ | 8,533 | ​ | ​ | 6,406 | ​ | ​ | 50,655 | ​ | ​ | 793 | ​ | ​ | 137,664
550 - 619 | ​ | ​ | 596 | ​ | ​ | 9,333 | ​ | ​ | 6,584 | ​ | ​ | 9,663 | ​ | ​ | 5,434 | ​ | ​ | 4,471 | ​ | ​ | 16,458 | ​ | ​ | 849 | ​ | ​ | 53,388
Less than 550 | ​ | ​ | 280 | ​ | ​ | 3,004 | ​ | ​ | 4,421 | ​ | ​ | 5,131 | ​ | ​ | 3,263 | ​ | ​ | 2,741 | ​ | ​ | 5,399 | ​ | ​ | 508 | ​ | ​ | 24,747
No Score (3) | ​ | ​ | 750 | ​ | ​ | 821 | ​ | ​ | 95 | ​ | ​ | 30 | ​ | ​ | — | ​ | ​ | 18 | ​ | ​ | 35,238 | ​ | ​ | 194 | ​ | ​ | 37,146
Other (2) | ​ | ​ | 201 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 257 | ​ | ​ | 600 | ​ | ​ | 1,044 | ​ | ​ | 70,883 | ​ | ​ | — | ​ | ​ | 72,985
Total Consumer Lending | ​ | $ | 60,821 | ​ | $ | 191,909 | ​ | $ | 127,499 | ​ | $ | 145,239 | ​ | $ | 73,827 | ​ | $ | 39,228 | ​ | $ | 356,831 | ​ | $ | 2,971 | ​ | $ | 998,325
Current period gross charge-offs | ​ | $ | — | ​ | $ | 660 | ​ | $ | 481 | ​ | $ | 585 | ​ | $ | 270 | ​ | $ | 809 | ​ | $ | 1,883 | ​ | $ | 337 | ​ | $ | 5,025
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Loans and Leases | ​ | $ | 316,613 | ​ | $ | 1,118,437 | ​ | $ | 1,142,768 | ​ | $ | 2,223,102 | ​ | $ | 2,236,536 | ​ | $ | 4,322,684 | ​ | $ | 2,897,620 | ​ | $ | 35,276 | ​ | $ | 14,293,036
Current period gross charge-offs | ​ | $ | — | ​ | $ | 703 | ​ | $ | 576 | ​ | $ | 764 | ​ | $ | 626 | ​ | $ | 1,588 | ​ | $ | 1,904 | ​ | $ | 337 | ​ | $ | 6,498
(1) | Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score (680 and above). As of March 31, 2025, the majority of the loans in this population were current.
(2) | Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. As of March 31, 2025, the majority of the loans in this population were current.
(3) | No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.
​ The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of December 31, 2024 was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Converted | ​ | ​ | ​
​ | ​ | Term Loans | ​ | Revolving | ​ | to Term | ​ | ​ | ​
​ | ​ | Amortized Cost Basis by Origination Year | ​ | Loans | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amortized | ​ | Amortized | ​ | ​ | ​
(dollars in thousands) | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | Prior | ​ | Cost Basis | ​ | Cost Basis | ​ | Total
Commercial Lending | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 163,980 | ​ | $ | 73,554 | ​ | $ | 185,433 | ​ | $ | 249,532 | ​ | $ | 17,775 | ​ | $ | 256,119 | ​ | $ | 1,118,075 | ​ | $ | 14,336 | ​ | $ | 2,078,804
Special Mention | ​ | ​ | 808 | ​ | ​ | 2,385 | ​ | ​ | 1,209 | ​ | ​ | 68 | ​ | ​ | 300 | ​ | ​ | 1,322 | ​ | ​ | 41,520 | ​ | ​ | — | ​ | ​ | 47,612
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8,096 | ​ | ​ | 196 | ​ | ​ | 309 | ​ | ​ | 1,114 | ​ | ​ | 26,089 | ​ | ​ | — | ​ | ​ | 35,804
Other (1) | ​ | ​ | 17,132 | ​ | ​ | 8,928 | ​ | ​ | 6,937 | ​ | ​ | 2,797 | ​ | ​ | 765 | ​ | ​ | 1,279 | ​ | ​ | 47,370 | ​ | ​ | — | ​ | ​ | 85,208
Total Commercial and Industrial | ​ | ​ | 181,920 | ​ | ​ | 84,867 | ​ | ​ | 201,675 | ​ | ​ | 252,593 | ​ | ​ | 19,149 | ​ | ​ | 259,834 | ​ | ​ | 1,233,054 | ​ | ​ | 14,336 | ​ | ​ | 2,247,428
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | 578 | ​ | ​ | 335 | ​ | ​ | 105 | ​ | ​ | 221 | ​ | ​ | 2,376 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,615
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | ​ | 322,405 | ​ | ​ | 369,948 | ​ | ​ | 832,005 | ​ | ​ | 634,722 | ​ | ​ | 308,156 | ​ | ​ | 1,720,243 | ​ | ​ | 116,682 | ​ | ​ | 7,703 | ​ | ​ | 4,311,864
Special Mention | ​ | ​ | 9,014 | ​ | ​ | 2,252 | ​ | ​ | 7,510 | ​ | ​ | 41,399 | ​ | ​ | 3,265 | ​ | ​ | 10,860 | ​ | ​ | 11,861 | ​ | ​ | — | ​ | ​ | 86,161
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 54,952 | ​ | ​ | 1,002 | ​ | ​ | — | ​ | ​ | 9,732 | ​ | ​ | 148 | ​ | ​ | — | ​ | ​ | 65,834
Other (1) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 133 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 133
Total Commercial Real Estate | ​ | ​ | 331,419 | ​ | ​ | 372,200 | ​ | ​ | 894,467 | ​ | ​ | 677,123 | ​ | ​ | 311,421 | ​ | ​ | 1,740,968 | ​ | ​ | 128,691 | ​ | ​ | 7,703 | ​ | ​ | 4,463,992
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 400 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 400
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | ​ | 91,583 | ​ | ​ | 198,382 | ​ | ​ | 332,000 | ​ | ​ | 186,682 | ​ | ​ | 41,596 | ​ | ​ | 13,824 | ​ | ​ | 14,972 | ​ | ​ | — | ​ | ​ | 879,039
Special Mention | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 155 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 155
Other (1) | ​ | ​ | 12,482 | ​ | ​ | 9,688 | ​ | ​ | 10,861 | ​ | ​ | 1,561 | ​ | ​ | 1,199 | ​ | ​ | 2,644 | ​ | ​ | 697 | ​ | ​ | — | ​ | ​ | 39,132
Total Construction | ​ | ​ | 104,065 | ​ | ​ | 208,070 | ​ | ​ | 342,861 | ​ | ​ | 188,243 | ​ | ​ | 42,795 | ​ | ​ | 16,623 | ​ | ​ | 15,669 | ​ | ​ | — | ​ | ​ | 918,326
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease Financing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Risk rating: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | ​ | 149,615 | ​ | ​ | 101,684 | ​ | ​ | 60,898 | ​ | ​ | 14,328 | ​ | ​ | 17,703 | ​ | ​ | 84,663 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 428,891
Special Mention | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 220 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 220
Substandard | ​ | ​ | 4,657 | ​ | ​ | 565 | ​ | ​ | 317 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,539
Total Lease Financing | ​ | ​ | 154,272 | ​ | ​ | 102,249 | ​ | ​ | 61,215 | ​ | ​ | 14,548 | ​ | ​ | 17,703 | ​ | ​ | 84,663 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 434,650
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Commercial Lending | ​ | $ | 771,676 | ​ | $ | 767,386 | ​ | $ | 1,500,218 | ​ | $ | 1,132,507 | ​ | $ | 391,068 | ​ | $ | 2,102,088 | ​ | $ | 1,377,414 | ​ | $ | 22,039 | ​ | $ | 8,064,396
Current period gross charge-offs | ​ | $ | — | ​ | $ | 578 | ​ | $ | 335 | ​ | $ | 105 | ​ | $ | 221 | ​ | $ | 2,776 | ​ | $ | — | ​ | $ | — | ​ | $ | 4,015
(continued)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Loans | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Converted | ​ | ​ | ​
​ | ​ | Term Loans | ​ | Revolving | ​ | to Term | ​ | ​ | ​
​ | ​ | Amortized Cost Basis by Origination Year | ​ | Loans | ​ | Loans | ​ | ​ | ​
(continued) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Amortized | ​ | Amortized | ​ | ​ | ​
(dollars in thousands) | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | Prior | ​ | Cost Basis | ​ | Cost Basis | ​ | Total
Residential Lending | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential Mortgage | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FICO: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
740 and greater | ​ | $ | 168,067 | ​ | $ | 187,710 | ​ | $ | 492,845 | ​ | $ | 946,390 | ​ | $ | 498,443 | ​ | $ | 1,115,557 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,409,012
680 - 739 | ​ | ​ | 18,368 | ​ | ​ | 34,901 | ​ | ​ | 65,735 | ​ | ​ | 103,622 | ​ | ​ | 57,369 | ​ | ​ | 138,469 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 418,464
620 - 679 | ​ | ​ | 1,726 | ​ | ​ | 4,380 | ​ | ​ | 23,556 | ​ | ​ | 19,355 | ​ | ​ | 14,058 | ​ | ​ | 40,471 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 103,546
550 - 619 | ​ | ​ | — | ​ | ​ | 820 | ​ | ​ | 6,526 | ​ | ​ | 7,745 | ​ | ​ | 4,042 | ​ | ​ | 13,783 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,916
Less than 550 | ​ | ​ | — | ​ | ​ | 734 | ​ | ​ | 775 | ​ | ​ | 2,264 | ​ | ​ | 1,559 | ​ | ​ | 6,342 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,674
No Score (3) | ​ | ​ | 13,211 | ​ | ​ | 6,719 | ​ | ​ | 16,839 | ​ | ​ | 9,916 | ​ | ​ | 5,518 | ​ | ​ | 45,604 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 97,807
Other (2) | ​ | ​ | 9,456 | ​ | ​ | 12,404 | ​ | ​ | 16,564 | ​ | ​ | 14,311 | ​ | ​ | 10,769 | ​ | ​ | 28,812 | ​ | ​ | 2,419 | ​ | ​ | — | ​ | ​ | 94,735
Total Residential Mortgage | ​ | ​ | 210,828 | ​ | ​ | 247,668 | ​ | ​ | 622,840 | ​ | ​ | 1,103,603 | ​ | ​ | 591,758 | ​ | ​ | 1,389,038 | ​ | ​ | 2,419 | ​ | ​ | — | ​ | ​ | 4,168,154
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Home Equity Line | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FICO: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
740 and greater | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 925,749 | ​ | ​ | 1,652 | ​ | ​ | 927,401
680 - 739 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 161,523 | ​ | ​ | 1,030 | ​ | ​ | 162,553
620 - 679 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 39,235 | ​ | ​ | 1,220 | ​ | ​ | 40,455
550 - 619 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13,006 | ​ | ​ | 416 | ​ | ​ | 13,422
Less than 550 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,993 | ​ | ​ | 563 | ​ | ​ | 6,556
No Score (3) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,352 | ​ | ​ | — | ​ | ​ | 1,352
Total Home Equity Line | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,146,858 | ​ | ​ | 4,881 | ​ | ​ | 1,151,739
Current period gross charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Residential Lending | ​ | $ | 210,828 | ​ | $ | 247,668 | ​ | $ | 622,840 | ​ | $ | 1,103,603 | ​ | $ | 591,758 | ​ | $ | 1,389,038 | ​ | $ | 1,149,277 | ​ | $ | 4,881 | ​ | $ | 5,319,893
Current period gross charge-offs | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer Lending | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FICO: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
740 and greater | ​ | ​ | 92,329 | ​ | ​ | 65,738 | ​ | ​ | 84,007 | ​ | ​ | 44,192 | ​ | ​ | 14,607 | ​ | ​ | 6,897 | ​ | ​ | 101,938 | ​ | ​ | 106 | ​ | ​ | 409,814
680 - 739 | ​ | ​ | 68,371 | ​ | ​ | 46,533 | ​ | ​ | 44,504 | ​ | ​ | 21,829 | ​ | ​ | 7,652 | ​ | ​ | 5,278 | ​ | ​ | 86,935 | ​ | ​ | 509 | ​ | ​ | 281,611
620 - 679 | ​ | ​ | 30,618 | ​ | ​ | 17,728 | ​ | ​ | 19,942 | ​ | ​ | 10,252 | ​ | ​ | 4,195 | ​ | ​ | 4,152 | ​ | ​ | 50,544 | ​ | ​ | 775 | ​ | ​ | 138,206
550 - 619 | ​ | ​ | 6,108 | ​ | ​ | 6,768 | ​ | ​ | 9,312 | ​ | ​ | 5,702 | ​ | ​ | 2,574 | ​ | ​ | 3,106 | ​ | ​ | 15,641 | ​ | ​ | 778 | ​ | ​ | 49,989
Less than 550 | ​ | ​ | 2,012 | ​ | ​ | 3,950 | ​ | ​ | 5,572 | ​ | ​ | 3,594 | ​ | ​ | 1,591 | ​ | ​ | 1,830 | ​ | ​ | 5,311 | ​ | ​ | 593 | ​ | ​ | 24,453
No Score (3) | ​ | ​ | 1,881 | ​ | ​ | 106 | ​ | ​ | 38 | ​ | ​ | — | ​ | ​ | 7 | ​ | ​ | 9 | ​ | ​ | 38,932 | ​ | ​ | 176 | ​ | ​ | 41,149
Other (2) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 277 | ​ | ​ | 887 | ​ | ​ | 99 | ​ | ​ | 956 | ​ | ​ | 76,528 | ​ | ​ | — | ​ | ​ | 78,747
Total Consumer Lending | ​ | $ | 201,319 | ​ | $ | 140,823 | ​ | $ | 163,652 | ​ | $ | 86,456 | ​ | $ | 30,725 | ​ | $ | 22,228 | ​ | $ | 375,829 | ​ | $ | 2,937 | ​ | $ | 1,023,969
Current period gross charge-offs | ​ | $ | 732 | ​ | $ | 2,055 | ​ | $ | 2,606 | ​ | $ | 1,388 | ​ | $ | 676 | ​ | $ | 2,685 | ​ | $ | 7,168 | ​ | $ | 692 | ​ | $ | 18,002
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Loans and Leases | ​ | $ | 1,183,823 | ​ | $ | 1,155,877 | ​ | $ | 2,286,710 | ​ | $ | 2,322,566 | ​ | $ | 1,013,551 | ​ | $ | 3,513,354 | ​ | $ | 2,902,520 | ​ | $ | 29,857 | ​ | $ | 14,408,258
Current period gross charge-offs | ​ | $ | 732 | ​ | $ | 2,633 | ​ | $ | 2,941 | ​ | $ | 1,493 | ​ | $ | 897 | ​ | $ | 5,461 | ​ | $ | 7,168 | ​ | $ | 692 | ​ | $ | 22,017
(1) | Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score (680 and above). As of December 31, 2024, the majority of the loans in this population were current.
(2) | Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. As of December 31, 2024, the majority of the loans in this population were current.
(3) | No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.
​ There were no loans and leases graded as Loss as of March 31, 2025 and December 31, 2024. ​ Past-Due Status ​ The Company continually updates its aging analysis for loans and leases to monitor the migration of loans and leases into past due categories. The Company considers loans and leases that are delinquent for 30 days or more to be past due. As of March 31, 2025 and December 31, 2024, the aging analysis of the amortized cost basis of the Company’s past due loans and leases was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025
​ | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | Loans and
​ | ​ | ​ | ​ | ​ | ​ | Greater | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Leases Past
​ | ​ | ​ | ​ | ​ | ​ | Than or | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Due 90 Days
​ | ​ | 30-59 | ​ | 60-89 | ​ | Equal to | ​ | ​ | ​ | ​ | ​ | ​ | ​ | or More and
​ | ​ | Days | ​ | Days | ​ | 90 Days | ​ | Total | ​ | ​ | ​ | Total Loans | ​ | Still Accruing
(dollars in thousands) |  | Past Due |  | Past Due |  | Past Due |  | Past Due |  | Current |  | and Leases | ​ | Interest
Commercial and industrial | ​ | $ | 3,596 | ​ | $ | 934 | ​ | $ | 740 | ​ | $ | 5,270 | ​ | $ | 2,256,124 | ​ | $ | 2,261,394 | ​ | $ | 740
Commercial real estate | ​ | ​ | 378 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 378 | ​ | ​ | 4,367,055 | ​ | ​ | 4,367,433 | ​ | ​ | —
Construction | ​ | ​ | 1,193 | ​ | ​ | 2,295 | ​ | ​ | — | ​ | ​ | 3,488 | ​ | ​ | 950,584 | ​ | ​ | 954,072 | ​ | ​ | —
Lease financing | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 437,399 | ​ | ​ | 437,399 | ​ | ​ | —
Residential mortgage | ​ | ​ | 15,546 | ​ | ​ | 9,461 | ​ | ​ | 7,698 | ​ | ​ | 32,705 | ​ | ​ | 4,096,813 | ​ | ​ | 4,129,518 | ​ | ​ | 1,008
Home equity line | ​ | ​ | 4,250 | ​ | ​ | 803 | ​ | ​ | 3,015 | ​ | ​ | 8,068 | ​ | ​ | 1,136,827 | ​ | ​ | 1,144,895 | ​ | ​ | —
Consumer | ​ | ​ | 14,883 | ​ | ​ | 3,430 | ​ | ​ | 2,554 | ​ | ​ | 20,867 | ​ | ​ | 977,458 | ​ | ​ | 998,325 | ​ | ​ | 2,554
Total | ​ | $ | 39,846 | ​ | $ | 16,923 | ​ | $ | 14,007 | ​ | $ | 70,776 | ​ | $ | 14,222,260 | ​ | $ | 14,293,036 | ​ | $ | 4,302
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | Loans and
​ | ​ | ​ | ​ | ​ | ​ | Greater | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Leases Past
​ | ​ | ​ | ​ | ​ | ​ | Than or | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Due 90 Days
​ | ​ | 30-59 | ​ | 60-89 | ​ | Equal to | ​ | ​ | ​ | ​ | ​ | ​ | ​ | or More and
​ | ​ | Days | ​ | Days | ​ | 90 Days | ​ | Total | ​ | ​ | ​ | Total Loans | ​ | Still Accruing
(dollars in thousands) |  | Past Due |  | Past Due |  | Past Due |  | Past Due |  | Current |  | and Leases | ​ | Interest
Commercial and industrial | ​ | $ | 1,481 | ​ | $ | 563 | ​ | $ | 1,595 | ​ | $ | 3,639 | ​ | $ | 2,243,789 | ​ | $ | 2,247,428 | ​ | $ | 1,432
Commercial real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 153 | ​ | ​ | 153 | ​ | ​ | 4,463,839 | ​ | ​ | 4,463,992 | ​ | ​ | —
Construction | ​ | ​ | 434 | ​ | ​ | 1,179 | ​ | ​ | 536 | ​ | ​ | 2,149 | ​ | ​ | 916,177 | ​ | ​ | 918,326 | ​ | ​ | 536
Lease financing | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 434,650 | ​ | ​ | 434,650 | ​ | ​ | —
Residential mortgage | ​ | ​ | 19,971 | ​ | ​ | 7,478 | ​ | ​ | 9,392 | ​ | ​ | 36,841 | ​ | ​ | 4,131,313 | ​ | ​ | 4,168,154 | ​ | ​ | 1,317
Home equity line | ​ | ​ | 5,647 | ​ | ​ | 972 | ​ | ​ | 3,945 | ​ | ​ | 10,564 | ​ | ​ | 1,141,175 | ​ | ​ | 1,151,739 | ​ | ​ | —
Consumer | ​ | ​ | 17,591 | ​ | ​ | 3,946 | ​ | ​ | 2,734 | ​ | ​ | 24,271 | ​ | ​ | 999,698 | ​ | ​ | 1,023,969 | ​ | ​ | 2,734
Total | ​ | $ | 45,124 | ​ | $ | 14,138 | ​ | $ | 18,355 | ​ | $ | 77,617 | ​ | $ | 14,330,641 | ​ | $ | 14,408,258 | ​ | $ | 6,019
​ Nonaccrual Loans and Leases ​ The Company generally places a loan or lease on nonaccrual status when management believes that collection of principal or interest has become doubtful or when a loan or lease becomes 90 days past due as to principal or interest, unless it is well secured and in the process of collection. The Company charges off a loan or lease when facts indicate that the loan or lease is considered uncollectible. ​ The amortized cost basis of loans and leases on nonaccrual status as of March 31, 2025 and December 31, 2024 and the amortized cost basis of loans and leases on nonaccrual status with no ACL as of March 31, 2025 and December 31, 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025
​ | ​ | Nonaccrual | ​ | ​ | ​
​ | ​ | Loans | ​ | ​ | ​
​ | ​ | and Leases | ​ | ​ | ​
​ | ​ | With No | ​ | Nonaccrual
​ | ​ | Allowance | ​ | Loans
(dollars in thousands) |  | for Credit Losses | ​ | and Leases
Commercial real estate | ​ | $ | — | ​ | $ | 216
Construction | ​ | ​ | — | ​ | ​ | 375
Residential mortgage | ​ | ​ | 5,617 | ​ | ​ | 12,809
Home equity line | ​ | ​ | — | ​ | ​ | 6,788
Total Nonaccrual Loans and Leases | ​ | $ | 5,617 | ​ | $ | 20,188
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | Nonaccrual | ​ | ​ | ​
​ | ​ | Loans | ​ | ​ | ​
​ | ​ | and Leases | ​ | ​ | ​
​ | ​ | With No | ​ | Nonaccrual
​ | ​ | Allowance | ​ | Loans
(dollars in thousands) |  | for Credit Losses | ​ | and Leases
Commercial and industrial | ​ | $ | — | ​ | $ | 329
Commercial real estate | ​ | ​ | — | ​ | ​ | 411
Residential mortgage | ​ | ​ | 4,495 | ​ | ​ | 12,768
Home equity line | ​ | ​ | 501 | ​ | ​ | 7,171
Total Nonaccrual Loans and Leases | ​ | $ | 4,996 | ​ | $ | 20,679
​ For the three months ended March 31, 2025, the Company recognized interest income of $0.4 million on nonaccrual loans and leases and for the three months ended March 31, 2024, the Company recognized interest income of $0.2 million on nonaccrual loans and leases. Furthermore, for the three months ended March 31, 2025, the amount of accrued interest receivables written off by reversing interest income was $0.3 million and for the three months ended March 31, 2024, the amount of accrued interest receivables written off by reversing interest income was $0.2 million. ​ Collateral-Dependent Loans and Leases ​ Collateral-dependent loans and leases are those for which repayment (on the basis of the Company’s assessment as of the reporting date) is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. As of March 31, 2025 and December 31, 2024, the amortized cost basis of collateral-dependent loans were $38.4 million and $39.1 million, respectively. As of March 31, 2025 and December 31, 2024, these loans were primarily collateralized by residential real estate property and borrower assets and the fair value of collateral on substantially all collateral-dependent loans were significantly in excess of their amortized cost basis. ​ Loan Modifications to Borrowers Experiencing Financial Difficulty ​ Commercial and industrial loans with a borrower experiencing financial difficulty may be modified through interest rate reductions, term extensions, and converting revolving credit lines to term loans. Modifications of commercial real estate and construction loans with a borrower experiencing financial difficulty may involve reducing the interest rate for the remaining term of the loan or extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk. Modifications of construction loans with a borrower experiencing financial difficulty may also involve extending the interest-only payment period. Interest continues to accrue on the missed payments and as a result, the effective yield on the loan remains unchanged. Modifications of residential real estate loans with a borrower experiencing financial difficulty may be comprised of loans where monthly payments are lowered to accommodate the borrowers' financial needs for a period of time, including extended interest-only periods and reamortization of the balance. Modifications of consumer loans with a borrower experiencing financial difficulty may involve interest rate reductions and term extensions. ​ Loans modified with a borrower experiencing financial difficulty, whether in default or not, may already be on nonaccrual status and in some cases, partial charge-offs may have already been taken against the outstanding loan balance. Loans modified with a borrower experiencing financial difficulty are evaluated for impairment. As a result, this may have a financial effect of impacting the specific ACL associated with the loan. An ACL for impaired commercial loans, including commercial real estate and construction loans, is measured based on the present value of expected future cash flows discounted at the loan's effective interest rate or if the loan is collateral-dependent, the estimated fair value of the collateral, less any selling costs. An ACL for impaired residential real estate loans is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates. The following tables present, by class of financing receivable and type of modification granted, the amortized cost basis as of March 31, 2025 and 2024, related to loans modified to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and 2024, respectively: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interest Rate Reduction
​ | ​ | ​ | Three Months Ended | ​ | ​ | ​ | Three Months Ended | ​
​ | ​ | ​ | March 31, 2025 | ​ | ​ | ​ | March 31, 2024 | ​
​ | ​ | ​ | Amortized | ​ | % of Total Class | ​ | ​ | ​ | Amortized | ​ | % of Total Class | ​
(dollars in thousands) | ​ |  | Cost Basis(1) | ​ | of Financing Receivable | ​ | ​ |  | Cost Basis(1) | ​ | of Financing Receivable | ​
Consumer | ​ | $ | 589 | ​ | 0.06 | % | ​ | $ | 628 | ​ | 0.06 | %
Total | ​ | $ | 589 | ​ | n/m | % | ​ | $ | 628 | ​ | n/m | %
n/m – Represents less than 0.01% of total class of financing receivable.
(1) | The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Term Extension
​ | ​ | ​ | Three Months Ended | ​ | ​ | ​ | Three Months Ended | ​
​ | ​ | ​ | March 31, 2025 | ​ | ​ | ​ | March 31, 2024 | ​
​ | ​ | ​ | Amortized | ​ | % of Total Class | ​ | ​ | ​ | Amortized | ​ | % of Total Class | ​
(dollars in thousands) | ​ |  | Cost Basis(1) | ​ | of Financing Receivable | ​ | ​ |  | Cost Basis(1) | ​ | of Financing Receivable | ​
Commercial and industrial | ​ | $ | 10,584 | ​ | 0.47 | % | ​ | $ | 199 | ​ | 0.01 | %
Commercial real estate | ​ | ​ | 1,347 | ​ | 0.03 | ​ | ​ | ​ | — | ​ | — | ​
Residential mortgage | ​ | ​ | — | ​ | — | ​ | ​ | ​ | 310 | ​ | 0.01 | ​
Consumer | ​ | ​ | 83 | ​ | n/m | ​ | ​ | ​ | 118 | ​ | 0.01 | ​
Total | ​ | $ | 12,014 | ​ | 0.08 | % | ​ | $ | 627 | ​ | n/m | %
n/m – Represents less than 0.01% of total class of financing receivable.
(1) | The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Other-Than-Insignificant Payment Delay
​ | ​ | ​ | Three Months Ended | ​ | ​ | ​ | Three Months Ended | ​
​ | ​ | ​ | March 31, 2025 | ​ | ​ | ​ | March 31, 2024 | ​
​ | ​ | ​ | Amortized | ​ | % of Total Class | ​ | ​ | ​ | Amortized | ​ | % of Total Class | ​
(dollars in thousands) | ​ |  | Cost Basis(1) | ​ | of Financing Receivable | ​ | ​ |  | Cost Basis(1) | ​ | of Financing Receivable | ​
Commercial real estate | ​ | $ | 1,007 | ​ | 0.02 | % | ​ | $ | — | ​ | — | %
Residential mortgage | ​ | ​ | — | ​ | — | ​ | ​ | ​ | 1,260 | ​ | 0.03 | ​
Total | ​ | $ | 1,007 | ​ | n/m | % | ​ | $ | 1,260 | ​ | n/m | %
n/m – Represents less than 0.01% of total class of financing receivable.
(1) | The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.
​ ​ The following tables describe, by class of financing receivable and type of modification granted, the financial effect of the modifications made to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and 2024, respectively: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interest Rate Reduction | ​
​ | ​ | Financial Effect | ​
​ | ​ | Three Months Ended March 31, 2025 | ​ | Three Months Ended March 31, 2024 | ​
Consumer | ​ | Reduced weighted-average contractual interest rate by 13.20%. | ​ | Reduced weighted-average contractual interest rate by 13.55%. | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Term Extension | ​
​ | ​ | Financial Effect | ​
​ | ​ | Three Months Ended March 31, 2025 | ​ | Three Months Ended March 31, 2024 | ​
Commercial and industrial | ​ | Added a weighted-average 0.4 years to the life of loans. | ​ | Added a weighted-average 3.8 years to the life of loans. | ​
Commercial real estate | ​ | Added a weighted-average 0.3 years to the life of loans. | ​ | — | ​
Residential mortgage | ​ | — | ​ | Added a weighted-average 1.0 years to the life of loans. | ​
Consumer | ​ | Added a weighted-average 4.4 years to the life of loans. | ​ | Added a weighted-average 4.2 years to the life of loans. | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Other-Than-Insignificant Payment Delay | ​
​ | ​ | Financial Effect | ​
​ | ​ | Three Months Ended March 31, 2025 | ​ | Three Months Ended March 31, 2024 | ​
Commercial real estate | ​ | Deferred a weighted-average of $209 thousand in loan payments. | ​ | — | ​
Residential mortgage | ​ | — | ​ | Deferred a weighted-average of $172 thousand in loan payments. | ​
​ The following table presents, by class of financing receivable and type of modification granted, the amortized cost basis, as of March 31, 2025 and 2024, of loans that had a payment default during the three months ended March 31, 2025 and 2024, respectively, and were modified in the 12 months before default to borrowers experiencing financial difficulty. The Company is reporting these defaulted loans based on a payment default definition of 30 days past due: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized Cost Basis of Modified Loans That Subsequently Defaulted(1)
​ | ​ | Three Months Ended March 31, 2025 | ​ | Three Months Ended March 31, 2024
(dollars in thousands) | ​ | Interest Rate Reduction | ​ | Term Extension | ​ | Interest Rate Reduction | ​ | Term Extension
Commercial and industrial | ​ | $ | — | ​ | $ | 73 | ​ | $ | — | ​ | $ | —
Residential mortgage | ​ | ​ | — | ​ | ​ | 312 | ​ | ​ | — | ​ | ​ | —
Consumer | ​ | ​ | 410 | ​ | ​ | 21 | ​ | ​ | 300 | ​ | ​ | 7
Total | ​ | $ | 410 | ​ | $ | 406 | ​ | $ | 300 | ​ | $ | 7
(1) | The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.
​ Performance of the loans that are modified to borrowers experiencing financial difficulty is monitored to understand the effectiveness of the Company’s modification efforts. As of March 31, 2025 and 2024, the aging analysis of the amortized cost basis of the performance of loans that have been modified in the last 12 months related to borrowers experiencing financial difficulty was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, 2025
​ | ​ | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Greater Than | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | or Equal to | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | 30-59 Days | ​ | ​ | 60-89 Days | ​ | ​ | 90 Days | ​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ |  | Past Due | ​ |  | Past Due | ​ |  | Past Due | ​ |  | Past Due | ​ |  | Current | ​ |  | Total
Commercial and industrial | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 10,813 | ​ | $ | 10,813
Commercial real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,497 | ​ | ​ | 3,497
Residential mortgage | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,352 | ​ | ​ | 2,352
Consumer | ​ | ​ | 155 | ​ | ​ | 41 | ​ | ​ | 98 | ​ | ​ | 294 | ​ | ​ | 1,359 | ​ | ​ | 1,653
Total | ​ | $ | 155 | ​ | $ | 41 | ​ | $ | 98 | ​ | $ | 294 | ​ | $ | 18,021 | ​ | $ | 18,315
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, 2024
​ | ​ | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Greater Than | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | or Equal to | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | 30-59 Days | ​ | ​ | 60-89 Days | ​ | ​ | 90 Days | ​ | ​ | Total | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ |  | Past Due | ​ |  | Past Due | ​ |  | Past Due | ​ |  | Past Due | ​ |  | Current | ​ |  | Total
Commercial and industrial | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 467 | ​ | $ | 467
Commercial real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,857 | ​ | ​ | 2,857
Construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 657 | ​ | ​ | 657
Residential mortgage | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,570 | ​ | ​ | 1,570
Consumer | ​ | ​ | 96 | ​ | ​ | 86 | ​ | ​ | 22 | ​ | ​ | 204 | ​ | ​ | 1,407 | ​ | ​ | 1,611
Total | ​ | $ | 96 | ​ | $ | 86 | ​ | $ | 22 | ​ | $ | 204 | ​ | $ | 6,958 | ​ | $ | 7,162
​ The Company had commitments to extend credit, standby letters of credit, and commercial letters of credit totaling $6.1 billion and $6.0 billion as of March 31, 2025 and December 31, 2024, respectively. Of the $6.1 billion at March 31, 2025, there were no commitments to lend additional funds to borrowers experiencing financial difficulty for which the Company had modified the terms of the loans in the form of an interest rate reduction, term extension, or other-than-insignificant payment delay during the three months ended March 31, 2025. Of the $6.0 billion at December 31, 2024, there were no commitments to lend additional funds to borrowers experiencing financial difficulty for which the Company had modified the terms of the loans in the form of an interest rate reduction, term extension or other-than-insignificant payment delay during the year ended December 31, 2024. ​ Foreclosed Property ​ As of both March 31, 2025 and December 31, 2024, there were no residential real estate properties held from foreclosed residential mortgage loans.

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