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LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Loans Held for Investment

Within each portfolio segment, the Company monitors and assesses credit risk based on the risk characteristics of each of the following loan classes: non-owner occupied commercial real estate ("CRE"), multifamily, construction and land development, owner occupied CRE and commercial business loans within the commercial loan portfolio segment and single family and home equity and other loans within the consumer loan portfolio segment. LHFI consists of the following:

(in thousands)			At June 30, 2024						At December 31, 2023
CRE
Non-owner occupied CRE			$	612,937					$	641,885
Multifamily			3,935,158						3,940,189
Construction/land development			530,445						565,916
Total			5,078,540						5,147,990
Commercial and industrial loans
Owner occupied CRE			372,452						391,285
Commercial business			376,711						359,049
Total			749,163						750,334
Consumer loans
Single family			1,152,004						1,140,279
Home equity and other			400,343						384,301
Total (1)			1,552,347						1,524,580
Total LHFI			7,380,050						7,422,904
Allowance for credit losses ("ACL")			(39,741)						(40,500)
Total LHFI less ACL			$	7,340,309					$	7,382,404

(1)    Includes $1.3 million at June 30, 2024 and December 31, 2023 of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.

Activity in Allowance for Credit Losses

Activity in the ACL for LHFI and the allowance for unfunded commitments was as follows:

			Quarter Ended June 30,												Six Months Ended June 30,
(in thousands)			2024						2023						2024						2023
Beginning balance			$	39,677					$	41,500					$	40,500					$	41,500
Provision for credit losses			128						111						370						700
Net (charge-offs) recoveries			(64)						(111)						(1,129)						(700)
Ending balance			$	39,741					$	41,500					$	39,741					$	41,500
Allowance for unfunded commitments:
Beginning balance			$	1,581					$	2,201					$	1,823					$	2,197
Provision for credit losses			(128)						(480)						(370)						(476)
Ending balance			$	1,453					$	1,721					$	1,453					$	1,721
Provision for credit losses:
Allowance for credit losses - loans			$	128					$	111					$	370					$	700
Allowance for unfunded commitments			(128)						(480)						(370)						(476)
Total			$	—					$	(369)					$	—					$	224

Activity in the ACL for LHFI by loan portfolio and loan sub-class was as follows:

			Quarter Ended June 30, 2024
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,131					$	—					$	—					$	(354)					$	1,777
Multifamily			18,947						—						—						(1,877)						17,070
Construction/land development
Multifamily construction			1,621						—						—						350						1,971
CRE construction			188						—						—						(153)						35
Single family construction			5,578						—						—						(133)						5,445
Single family construction to permanent			435						—						—						(135)						300
Total			28,900						—						—						(2,302)						26,598
Commercial and industrial loans
Owner occupied CRE			836						—						—						(105)						731
Commercial business			2,646						(39)						39						2,949						5,595
Total			3,482						(39)						39						2,844						6,326
Consumer loans
Single family			4,273						—						1						(430)						3,844
Home equity and other			3,022						(87)						22						16						2,973
Total			7,295						(87)						23						(414)						6,817
Total ACL			$	39,677					$	(126)					$	62					$	128					$	39,741

			Quarter Ended June 30, 2023
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,608					$	—					$	—					$	(366)					$	2,242
Multifamily			9,787						—						—						(92)						9,695
Construction/land development
Multifamily construction			1,345						—						—						221						1,566
CRE construction			204						—						—						(35)						169
Single family construction			12,525						—						—						(1,458)						11,067
Single family construction to permanent			1,211						—						—						210						1,421
Total			27,680						—						—						(1,520)						26,160
Commercial and industrial loans
Owner occupied CRE			910						—						—						20						930
Commercial business			3,416						(166)						24						563						3,837
Total			4,326						(166)						24						583						4,767
Consumer loans
Single family			5,804						—						2						811						6,617
Home equity and other			3,690						(90)						119						237						3,956
Total			9,494						(90)						121						1,048						10,573
Total ACL			$	41,500					$	(256)					$	145					$	111					$	41,500

			Six Months Ended June 30, 2024
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,610					$	—					$	—					$	(833)					$	1,777
Multifamily			13,093						—						—						3,977						17,070
Construction/land development
Multifamily construction			3,983						—						—						(2,012)						1,971
CRE construction			189						—						—						(154)						35
Single family construction			7,365						—						—						(1,920)						5,445
Single family construction to permanent			672						—						—						(372)						300
Total			27,912						—						—						(1,314)						26,598
Commercial and industrial loans
Owner occupied CRE			899						—						—						(168)						731
Commercial business			2,950						(1,120)						40						3,725						5,595
Total			3,849						(1,120)						40						3,557						6,326
Consumer loans
Single family			5,287						—						3						(1,446)						3,844
Home equity and other			3,452						(111)						59						(427)						2,973
Total			8,739						(111)						62						(1,873)						6,817
Total ACL			$	40,500					$	(1,231)					$	102					$	370					$	39,741

			Six Months Ended June 30, 2023
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,102					$	—					$	—					$	140					$	2,242
Multifamily			10,974						—						—						(1,279)						9,695
Construction/land development
Multifamily construction			998						—						—						568						1,566
CRE construction			196						—						—						(27)						169
Single family construction			12,418						—						—						(1,351)						11,067
Single family construction to permanent			1,171						—						—						250						1,421
Total			27,859						—						—						(1,699)						26,160
Commercial and industrial loans
Owner occupied CRE			1,030						—						—						(100)						930
Commercial business			3,247						(799)						48						1,341						3,837
Total			4,277						(799)						48						1,241						4,767
Consumer loans
Single family			5,610						—						17						990						6,617
Home equity and other			3,754						(140)						174						168						3,956
Total			9,364						(140)						191						1,158						10,573
Total ACL			$	41,500					$	(939)					$	239					$	700					$	41,500

Designated Loan Grades by Loan Portfolio Segment and Loan Class

The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status.

			At June 30, 2024
(in thousands)			2024						2023						2022						2021						2020						2019 and prior						Revolving						Revolving-term						Total
COMMERCIAL PORTFOLIO
Non-owner occupied CRE
Pass			$	—					$	1,471					$	70,220					$	71,824					$	40,563					$	382,326					$	607					$	—					$	567,011
Special Mention			—						—						—						—						—						29,508						—						—						29,508
Substandard			—						—						—						—						—						16,418						—						—						16,418
Total			—						1,471						70,220						71,824						40,563						428,252						607						—						612,937
Multifamily
Pass			1,736						106,487						1,733,374						1,164,983						459,782						348,952						—						—						3,815,314
Special Mention			—						—						74,345						3,935						24,253						11,046						—						—						113,579
Substandard			—						—						—						—						—						6,265						—						—						6,265
Total			1,736						106,487						1,807,719						1,168,918						484,035						366,263						—						—						3,935,158
Multifamily construction
Pass			—						20,284						61,854						109,041						—						—						—						—						191,179
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Total			—						20,284						61,854						109,041						—						—						—						—						191,179
CRE construction
Pass			—						2,790						—						—						—						—						—						—						2,790
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						3,821						—						—						—						3,821
Total			—						2,790						—						—						3,821						—						—						—						6,611
Single family construction
Pass			63,668						45,726						15,814						11,119						—						70						132,224						—						268,621
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Total			63,668						45,726						15,814						11,119						—						70						132,224						—						268,621
Single family construction to permanent
Current			2,784						22,405						28,862						8,393						1,590						—						—						—						64,034
Past due:
30-59 days			—						—						—						—						—						—						—						—						—
60-89 days			—						—						—						—						—						—						—						—						—
90+ days			—						—						—						—						—						—						—						—						—
Total			2,784						22,405						28,862						8,393						1,590						—						—						—						64,034
Owner occupied CRE
Pass			1,438						10,830						60,914						37,059						42,677						172,188						5						137						325,248
Special Mention			—						1,831						6,202						8,019						—						28,029						—						—						44,081
Substandard			—						—						—						—						—						3,123						—						—						3,123
Total			1,438						12,661						67,116						45,078						42,677						203,340						5						137						372,452
Commercial business
Pass			39,024						16,245						39,856						22,461						31,225						36,168						158,855						1,006						344,840
Special Mention			—						—						10,815						3,251						—						302						2,731						—						17,099
Substandard			—						439						269						499						7,330						4,695						1,495						45						14,772
Total			39,024						16,684						50,940						26,211						38,555						41,165						163,081						1,051						376,711
Total commercial portfolio			$	108,650					$	228,508					$	2,102,525					$	1,440,584					$	611,241					$	1,039,090					$	295,917					$	1,188					$	5,827,703

The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status:

			At June 30, 2024
(in thousands)			2024						2023						2022						2021						2020						2019 and prior						Revolving						Revolving-term						Total
CONSUMER PORTFOLIO
Single family
Current			$	516					$	39,381					$	377,987					$	314,657					$	141,490					$	276,411					$	—					$	—					$	1,150,442
Past due:
30-59 days			—						—						—						—						—						1,030						—						—						1,030
60-89 days			—						—						—						—						—						—						—						—						—
90+ days			—						—						—						—						—						532						—						—						532
Total			516						39,381						377,987						314,657						141,490						277,973						—						—						1,152,004
Home equity and other
Current			1,107						1,502						2,064						197						107						1,528						386,895						4,761						398,161
Past due:
30-59 days			—						2						5						1						—						—						531						151						690
60-89 days			—						9						2						—						—						—						681						5						697
90+ days			—						—						1						—						—						24						709						61						795
Total			1,107						1,513						2,072						198						107						1,552						388,816						4,978						400,343
Total consumer portfolio (1)			$	1,623					$	40,894					$	380,059					$	314,855					$	141,597					$	279,525					$	388,816					$	4,978					$	1,552,347
Total LHFI			$	110,273					$	269,402					$	2,482,584					$	1,755,439					$	752,838					$	1,318,615					$	684,733					$	6,166					$	7,380,050

(1)    Includes $1.3 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.

The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status:

			At December 31, 2023
(in thousands)			2023						2022						2021						2020						2019						2018 and prior						Revolving						Revolving-term						Total
COMMERCIAL PORTFOLIO
Non-owner occupied CRE
Pass			$	1,499					$	70,388					$	71,217					$	41,235					$	118,900					$	286,379					$	601					$	—					$	590,219
Special Mention			—						—						—						—						686						34,177						—						—						34,863
Substandard			—						—						—						—						16,230						—						573						—						16,803
Total			1,499						70,388						71,217						41,235						135,816						320,556						1,174						—						641,885
Multifamily
Pass			108,274						1,813,647						1,151,677						475,708						189,567						177,712						—						—						3,916,585
Special Mention			—						—						3,942						12,887						2,368						1,344						—						—						20,541
Substandard			—						—						—						—						—						3,063						—						—						3,063
Total			108,274						1,813,647						1,155,619						488,595						191,935						182,119						—						—						3,940,189
Multifamily construction
Pass			(198)						56,013						112,234						—						—						—						—						—						168,049
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Total			(198)						56,013						112,234						—						—						—						—						—						168,049
CRE construction
Pass			7						—						14,685						—						—						—						—						—						14,692
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						3,821						—						—						—						—						3,821
Total			7						—						14,685						3,821						—						—						—						—						18,513
Single family construction
Pass			75,305						39,621						12,294						—						—						72						146,758						—						274,050
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Total			75,305						39,621						12,294						—						—						72						146,758						—						274,050
Single family construction to permanent
Current			27,114						56,469						19,871						1,850						—						—						—						—						105,304
Past due:
30-59 days			—						—						—						—						—						—						—						—						—
60-89 days			—						—						—						—						—						—						—						—						—
90+ days			—						—						—						—						—						—						—						—						—
Total			27,114						56,469						19,871						1,850						—						—						—						—						105,304
Owner occupied CRE
Pass			12,459						68,399						39,629						43,399						65,392						111,199						2						1,122						341,601
Special Mention			1,871						1,478						9,290						—						2,956						28,784						—						—						44,379
Substandard			1						—						—						—						253						5,051						—						—						5,305
Total			14,331						69,877						48,919						43,399						68,601						145,034						2						1,122						391,285
Commercial business
Pass			17,970						45,892						27,227						33,404						16,198						24,903						157,656						973						324,223
Special Mention			—						11,465						2,891						—						452						38						3,485						—						18,331
Substandard			—						—						2,134						7,601						3,788						1,886						1,021						65						16,495
Total			17,970						57,357						32,252						41,005						20,438						26,827						162,162						1,038						359,049
Total commercial portfolio			$	244,302					$	2,163,372					$	1,467,091					$	619,905					$	416,790					$	674,608					$	310,096					$	2,160					$	5,898,324

The following table presents a vintage analysis of the consumer portfolio segment by loan sub-class and delinquency status:

			At December 31, 2023
(in thousands)			2023						2022						2021						2020						2019						2018 and prior						Revolving						Revolving-term						Total
CONSUMER PORTFOLIO
Single family
Current			$	27,011					$	354,691					$	313,866					$	147,183					$	49,126					$	245,574					$	—					$	—					$	1,137,451
Past due:
30-59 days			—						—						—						—						—						781						—						—						781
60-89 days			—						—						—						—						—						1,374						—						—						1,374
90+ days			—						—						—						—						—						673						—						—						673
Total			27,011						354,691						313,866						147,183						49,126						248,402						—						—						1,140,279
Home equity and other
Current			2,165						2,493						311						121						46						1,631						370,462						5,483						382,712
Past due:
30-59 days			8						2						—						—						—						—						802						162						974
60-89 days			1						3						—						—						—						—						419						—						423
90+ days			—						—						—						—						—						24						162						6						192
Total			2,174						2,498						311						121						46						1,655						371,845						5,651						384,301
Total consumer portfolio (1)			$	29,185					$	357,189					$	314,177					$	147,304					$	49,172					$	250,057					$	371,845					$	5,651					$	1,524,580
Total LHFI			$	273,487					$	2,520,561					$	1,781,268					$	767,209					$	465,962					$	924,665					$	681,941					$	7,811					$	7,422,904

(1)    Includes $1.3 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.

The following tables present a vintage analysis of the commercial and consumer portfolio segment by loan sub-class and gross charge-offs:

			At June 30, 2024
(in thousands)			2024						2023						2022						2021						2020						2019 and prior						Revolving						Revolving-term						Total
COMMERCIAL PORTFOLIO
Commercial business
Gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	(1,081)					$	(39)					$	—					$	(1,120)
CONSUMER PORTFOLIO
Home equity and other
Gross charge-offs			—						(12)						(3)						—						—						—						(96)						—						(111)
Total LHFI			$	—					$	(12)					$	(3)					$	—					$	—					$	(1,081)					$	(135)					$	—					$	(1,231)

			At December 31, 2023
(in thousands)			2023						2022						2021						2020						2019						2018 and prior						Revolving						Revolving-term						Total
COMMERCIAL PORTFOLIO
Commercial business
Gross charge-offs			$	—					$	—					$	(184)					$	—					$	(1,136)					$	295					$	13					$	(50)					$	(1,062)
CONSUMER PORTFOLIO
Home equity and other
Gross charge-offs			—						(106)						(22)						—						—						(4)						(187)						—						(319)
Total LHFI			$	—					$	(106)					$	(206)					$	—					$	(1,136)					$	291					$	(174)					$	(50)					$	(1,381)

Schedule of Collateral Dependent Loans

The following table presents the amortized cost basis of collateral-dependent loans by loan sub-class and collateral type:

						At June 30, 2024
(in thousands)									1-4 Family						Multifamily						Non-residential real estate						Other non-real estate						Total
CRE
Non-owner occupied CRE									$	—					$	—					$	16,230					$	—					$	16,230
Multifamily									—						1,915						—						—						1,915
Construction/land development
CRE construction									—						—						3,821						—						3,821
Total									—						1,915						20,051						—						21,966
Commercial and industrial loans
Commercial business									2,544						—						4,420						3,131						10,095
Total									2,544						—						4,420						3,131						10,095
Total collateral-dependent loans									$	2,544					$	1,915					$	24,471					$	3,131					$	32,061

						At December 31, 2023
(in thousands)									1-4 Family												Non-residential real estate						Other non-real estate						Total
CRE
Non-owner occupied CRE									$	573											$	16,230					$	—					$	16,803
Construction/land development
CRE construction									—												3,821						—						3,821
Total									573												20,051						—						20,624
Commercial and industrial loans
Commercial business									2,788												5,471						4,587						12,846
Total									2,788												5,471						4,587						12,846
Consumer loans
Single family									773												—						—						773
Total									773												—						—						773
Total collateral-dependent loans									$	4,134											$	25,522					$	4,587					$	34,243

Schedule of Loans on Nonaccrual with no Related Allowance for Credit Loss

Nonaccrual and Past Due Loans

The following table presents nonaccrual status for loans:

			At June 30, 2024												At December 31, 2023
(in thousands)			Nonaccrual with no related ACL						Total Nonaccrual						Nonaccrual with no related ACL						Total Nonaccrual
CRE
Non-owner occupied CRE			$	16,230					$	16,230					$	16,803					$	16,803
Multifamily			1,915						1,915						—						—
Construction/land development
CRE construction			3,821						3,821						3,821						3,821
Total			21,966						21,966						20,624						20,624
Commercial and industrial loans
Owner occupied CRE			666						666						706						706
Commercial business			8,136						10,843						13,151						13,686
Total			8,802						11,509						13,857						14,392
Consumer loans
Single family			—						1,324						773						2,650
Home equity and other			—						1,575						—						1,310
Total			—						2,899						773						3,960
Total nonaccrual loans			$	30,768					$	36,374					$	35,254					$	38,976

Schedule of Loans Past Due

The following tables present an aging analysis of past due loans by loan portfolio segment and loan sub-class:

			At June 30, 2024
			Past Due and Still Accruing
(in thousands)			30-59 days						60-89 days						90 days or more						Nonaccrual						Total past due and nonaccrual (1)						Current						Total loans
CRE
Non-owner occupied CRE			$	—					$	—					$	—					$	16,230					$	16,230					$	596,707					$	612,937
Multifamily			—						—						—						1,915						1,915						3,933,243						3,935,158
Construction/land development
Multifamily construction			—						—						—						—						—						191,179						191,179
CRE construction			—						—						—						3,821						3,821						2,790						6,611
Single family construction			—						—						—						—						—						268,621						268,621
Single family construction to permanent			—						—						—						—						—						64,034						64,034
Total			—						—						—						21,966						21,966						5,056,574						5,078,540
Commercial and industrial loans
Owner occupied CRE			349						—						—						666						1,015						371,437						372,452
Commercial business			146						—						—						10,843						10,989						365,722						376,711
Total			495						—						—						11,509						12,004						737,159						749,163
Consumer loans
Single family			2,640						2,000						5,459			(2)			1,324						11,423						1,140,581						1,152,004
Home equity and other			689						691						—						1,575						2,955						397,388						400,343
Total			3,329						2,691						5,459						2,899						14,378						1,537,969						1,552,347			(3)
Total loans			$	3,824					$	2,691					$	5,459					$	36,374					$	48,348					$	7,331,702					$	7,380,050
%			0.05		%				0.04		%				0.08		%				0.49		%				0.66		%				99.34		%				100.00		%

			At December 31, 2023
			Past Due and Still Accruing
(in thousands)			30-59 days						60-89 days						90 days or more						Nonaccrual						Total past due and nonaccrual (1)						Current						Total loans
CRE
Non-owner occupied CRE			$	—					$	—					$	—					$	16,803					$	16,803					$	625,082					$	641,885
Multifamily			—						1,915						—						—						1,915						3,938,274						3,940,189
Construction/land development
Multifamily construction			—						—						—						—						—						168,049						168,049
CRE construction			—						—						—						3,821						3,821						14,692						18,513
Single family construction			—						—						—						—						—						274,050						274,050
Single family construction to permanent			—						—						—						—						—						105,304						105,304
Total			—						1,915						—						20,624						22,539						5,125,451						5,147,990
Commercial and industrial loans
Owner occupied CRE			—						—						—						706						706						390,579						391,285
Commercial business			—						—						—						13,686						13,686						345,363						359,049
Total			—						—						—						14,392						14,392						735,942						750,334
Consumer loans
Single family			5,174						1,993						4,261			(2)			2,650						14,078						1,126,201						1,140,279
Home equity and other			974						225						—						1,310						2,509						381,792						384,301
Total			6,148						2,218						4,261						3,960						16,587						1,507,993						1,524,580			(3)
Total loans			$	6,148					$	4,133					$	4,261					$	38,976					$	53,518					$	7,369,386					$	7,422,904
%			0.08		%				0.05		%				0.06		%				0.53		%				0.72		%				99.28		%				100.00		%

(1)     Includes loans whose repayments are insured by the FHA or guaranteed by the VA or Small Business Administration ("SBA") of $11.3 million and $12.4 million at June 30, 2024 and December 31, 2023, respectively.

(2)    FHA-insured and VA-guaranteed single family loans that are 90 days or more past due are maintained on accrual status if they are determined to have little to no risk of loss.

(3)    Includes $1.3 million of loans at June 30, 2024 and December 31, 2023 where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in our consolidated income statements.

Schedule of Loan Modifications

The following tables provide information related to loans modified for the quarters and six months ended June 30, 2024 and 2023 to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:

			Significant Payment Delay
			Quarter Ended June 30,																								Six Months Ended June 30,
			2024												2023												2024												2023
(in thousands, except percentages)			Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable
Commercial business			$	—					—		%				$	—					—		%				$	97					0.03		%				$	—					—		%

			Term Extension
			Quarter Ended June 30,																								Six Months Ended June 30,
			2024												2023												2024												2023
(in thousands, except percentages)			Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable
Commercial business			$	—					—		%				$	4,734					1.27		%				$	3,455					0.92		%				$	4,734					1.27		%

			Significant Payment Delay and Term Extension
			Quarter Ended June 30,																								Six Months Ended June 30,
			2024												2023												2024												2023
(in thousands, except percentages)			Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable
Single family			$	804					0.07		%				$	942					0.09		%				$	1,177					0.03		%				$	1,120					0.10		%

			Interest Rate Reduction, Significant Payment Delay and Term Extension
			Quarter Ended June 30,																								Six Months Ended June 30,
			2024												2023												2024												2023
(in thousands, except percentages)			Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable						Amortized Cost Basis at Period End						% of Total Class of Financing Receivable
Single family			$	—					—		%				$	192					0.02		%				$	—					—		%				$	192					0.02		%

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

Interest Rate Reduction

Quarter Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Single family

—

Reduced weighted-average contractual interest rate from 5.25% to 5.00%.

—

Reduced weighted-average contractual interest rate from 5.25% to 5.00%.

Significant Payment Delay

Quarter Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Commercial business

—

—

The weighted average duration of loan payments deferred is 2.8 years.

—

Single Family

Provided payment deferrals to borrowers. A weighted average 1.06% of loan balances were capitalized and added to the remaining term of the loan.

Provided payment deferrals to borrowers. A weighted average 0.55% of loan balances were capitalized and added to the remaining term of the loan.

Provided payment deferrals to borrowers. A weighted average 1.00% of loan balances were capitalized and added to the remaining term of the loan.

Provided payment deferrals to borrowers. A weighted average 0.52% of loan balances were capitalized and added to the remaining term of the loan.

Term Extension

Quarter Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Commercial business

—

Added a weighted average 0.3 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 0.4 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 0.3 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Single family

Added a weighted average 2.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 2.9 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 3.0 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 5.9 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Schedule of Loan Modifications, Payment Status

The following table depicts the payment status of loans that were classified as MBFDs on or after April 1, 2023 through March 31, 2024:

			Payment Status (Amortized Cost Basis) at June 30, 2024
(in thousands)			Current						30-89 Days Past Due						90+ Days Past Due
Non-owner occupied CRE			$	—					$	—					$	16,230
Construction/land development			—						—						3,821
Commercial business			1,597						2,708						4,420
Single family			1,155						833						1,417
Total			$	2,752					$	3,541					$	25,888

The following table depicts the payment status of loans that were classified as MBFDs on or after April 1, 2022 through March 31, 2023:

			Payment Status (Amortized Cost Basis) at June 30, 2023
(in thousands)			Current						30-89 Days Past Due						90+ Days Past Due
Commercial business			$	4,734					$	—					$	—
Single family			9,930						920						608
Total			$	14,664					$	920					$	608

Schedule of Loan Modifications with Subsequent Default

The following table provides the amortized cost basis as of June 30, 2024 of MBFDs on or after April 1, 2023 through March 31, 2024 and subsequently had a payment default:

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Quarter Ended June 30, 2024
(in thousands)			Significant Payment Delay						Term Extension						Interest Rate Reduction and Term Extension						Significant Payment Delay and Term Extension						Interest Rate Reduction, Significant Payment Delay and Term Extension
Commercial business			$	—					$	2,708					$	—					$	—					$	—
Single family			833						—						—						—						—
Total			$	833					$	2,708					$	—					$	—					$	—

The following table provides the amortized cost basis as of June 30, 2023 of MBFDs on or after April 1, 2022 through March 31, 2023 and subsequently had a payment default:

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Quarter Ended June 30, 2023
(in thousands)			Significant Payment Delay						Term Extension						Interest Rate Reduction and Term Extension						Significant Payment Delay and Term Extension						Interest Rate Reduction, Significant Payment Delay and Term Extension
Single family			$	—					$	—					$	—					$	215					$	469

The following table provides the amortized cost basis as of June 30, 2024 of MBFDs on or after April 1, 2023 through March 31, 2024 and subsequently had a payment default:

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Six Months Ended June 30, 2024
(in thousands)			Significant Payment Delay						Term Extension						Interest Rate Reduction and Term Extension						Significant Payment Delay and Term Extension						Interest Rate Reduction, Significant Payment Delay and Term Extension
Non-owner occupied CRE			$	—					$	—					$	—					$	16,240					$	—
Construction/land development			—						—						—						3,824						—
Commercial business			—						7,128						—						—						—
Single family			1,074						—						—						351						—
Total			$	1,074					$	7,128					$	—					$	20,415					$	—

The following table provides the amortized cost basis as of June 30, 2023 of MBFDs on or after April 1, 2022 through March 31, 2023 and subsequently had a payment default:

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Six Months Ended June 30, 2023
(in thousands)			Significant Payment Delay						Term Extension						Interest Rate Reduction and Term Extension						Significant Payment Delay and Term Extension						Interest Rate Reduction, Significant Payment Delay and Term Extension
Single family			$	—					$	—					$	—					$	2,245					$	1,092

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