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LOANS AND CREDIT QUALITY (Tables)

9 Months Ended

Sep. 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 September 30, 2024						At December 31, 2023
CRE
Non-owner occupied CRE			$	590,956					$	641,885
Multifamily			3,950,941						3,940,189
Construction/land development			535,601						565,916
Total			5,077,498						5,147,990
Commercial and industrial loans
Owner occupied CRE			365,138						391,285
Commercial business			345,999						359,049
Total			711,137						750,334
Consumer loans
Single family			1,137,981						1,140,279
Home equity and other			406,638						384,301
Total (1)			1,544,619						1,524,580
Total LHFI			7,333,254						7,422,904
Allowance for credit losses ("ACL")			(38,651)						(40,500)
Total LHFI less ACL			$	7,294,603					$	7,382,404

(1)    Includes $1.3 million of loans at both September 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 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 September 30,												Nine Months Ended September 30,
(in thousands)			2024						2023						2024						2023
Beginning balance			$	39,741					$	41,500					$	40,500					$	41,500
Provision for credit losses			104						(990)						474						(290)
Net (charge-offs) recoveries			(1,194)						(510)						(2,323)						(1,210)
Ending balance			$	38,651					$	40,000					$	38,651					$	40,000
Allowance for unfunded commitments:
Beginning balance			$	1,453					$	1,721					$	1,823					$	2,197
Provision for credit losses			(104)						(120)						(474)						(596)
Ending balance			$	1,349					$	1,601					$	1,349					$	1,601
Provision for credit losses:
Allowance for credit losses - loans			$	104					$	(990)					$	474					$	(290)
Allowance for unfunded commitments			(104)						(120)						(474)						(596)
Total			$	—					$	(1,110)					$	—					$	(886)

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

			Quarter Ended September 30, 2024
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	1,777					$	—					$	—					$	35					$	1,812
Multifamily			17,070						—						—						(1,310)						15,760
Construction/land development
Multifamily construction			1,971						—						—						(582)						1,389
CRE construction			35						—						—						47						82
Single family construction			5,445						—						—						1,742						7,187
Single family construction to permanent			300						—						—						(45)						255
Total			26,598						—						—						(113)						26,485
Commercial and industrial loans
Owner occupied CRE			731						—						—						(92)						639
Commercial business			5,595						(1,534)						325						86						4,472
Total			6,326						(1,534)						325						(6)						5,111
Consumer loans
Single family			3,844						—						2						(42)						3,804
Home equity and other			2,973						(28)						41						265						3,251
Total			6,817						(28)						43						223						7,055
Total ACL			$	39,741					$	(1,562)					$	368					$	104					$	38,651

			Quarter Ended September 30, 2023
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,242					$	—					$	—					$	123					$	2,365
Multifamily			9,695						—						—						1,011						10,706
Construction/land development
Multifamily construction			1,566						—						—						26						1,592
CRE construction			169						—						—						(16)						153
Single family construction			11,067						—						—						(1,322)						9,745
Single family construction to permanent			1,421						—						—						(430)						991
Total			26,160						—						—						(608)						25,552
Commercial and industrial loans
Owner occupied CRE			930						—						—						172						1,102
Commercial business			3,837						(543)						25						282						3,601
Total			4,767						(543)						25						454						4,703
Consumer loans
Single family			6,617						—						4						(838)						5,783
Home equity and other			3,956						(92)						96						2						3,962
Total			10,573						(92)						100						(836)						9,745
Total ACL			$	41,500					$	(635)					$	125					$	(990)					$	40,000

			Nine Months Ended September 30, 2024
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,610					$	—					$	—					$	(798)					$	1,812
Multifamily			13,093						—						—						2,667						15,760
Construction/land development
Multifamily construction			3,983						—						—						(2,594)						1,389
CRE construction			189						—						—						(107)						82
Single family construction			7,365						—						—						(178)						7,187
Single family construction to permanent			672						—						—						(417)						255
Total			27,912						—						—						(1,427)						26,485
Commercial and industrial loans
Owner occupied CRE			899						—						—						(260)						639
Commercial business			2,950						(2,654)						365						3,811						4,472
Total			3,849						(2,654)						365						3,551						5,111
Consumer loans
Single family			5,287						—						5						(1,488)						3,804
Home equity and other			3,452						(139)						100						(162)						3,251
Total			8,739						(139)						105						(1,650)						7,055
Total ACL			$	40,500					$	(2,793)					$	470					$	474					$	38,651

			Nine Months Ended September 30, 2023
(in thousands)			Beginning balance						Charge-offs						Recoveries						Provision						Ending balance
CRE
Non-owner occupied CRE			$	2,102					$	—					$	—					$	263					$	2,365
Multifamily			10,974						—						—						(268)						10,706
Construction/land development
Multifamily construction			998						—						—						594						1,592
CRE construction			196						—						—						(43)						153
Single family construction			12,418						—						—						(2,673)						9,745
Single family construction to permanent			1,171						—						—						(180)						991
Total			27,859						—						—						(2,307)						25,552
Commercial and industrial loans
Owner occupied CRE			1,030						—						—						72						1,102
Commercial business			3,247						(1,342)						73						1,623						3,601
Total			4,277						(1,342)						73						1,695						4,703
Consumer loans
Single family			5,610						—						21						152						5,783
Home equity and other			3,754						(232)						270						170						3,962
Total			9,364						(232)						291						322						9,745
Total ACL			$	41,500					$	(1,574)					$	364					$	(290)					$	40,000

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 September 30, 2024
(in thousands)			2024						2023						2022						2021						2020						2019 and prior						Revolving						Revolving-term						Total
COMMERCIAL PORTFOLIO
Non-owner occupied CRE
Pass			$	—					$	1,456					$	70,175					$	71,686					$	40,226					$	365,039					$	610					$	—					$	549,192
Special Mention			—						—						—						—						—						25,534						—						—						25,534
Substandard			—						—						—						—						—						16,230						—						—						16,230
Total			—						1,456						70,175						71,686						40,226						406,803						610						—						590,956
Multifamily
Pass			1,722						106,452						1,730,141						1,207,002						430,732						303,043						—						—						3,779,092
Special Mention			—						—						74,132						3,916						39,806						47,758						—						—						165,612
Substandard			—						—						—						—						—						6,237						—						—						6,237
Total			1,722						106,452						1,804,273						1,210,918						470,538						357,038						—						—						3,950,941
Multifamily construction
Pass			—						28,529						65,652						63,231						—						—						—						—						157,412
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Total			—						28,529						65,652						63,231						—						—						—						—						157,412
CRE construction
Pass			—						5,810						—						—						—						—						—						—						5,810
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						3,821						—						—						—						3,821
Total			—						5,810						—						—						3,821						—						—						—						9,631
Single family construction
Pass			103,729						27,734						10,095						7,035						—						69						165,673						—						314,335
Special Mention			—						—						—						—						—						—						—						—						—
Substandard			—						—						—						—						—						—						—						—						—
Total			103,729						27,734						10,095						7,035						—						69						165,673						—						314,335
Single family construction to permanent
Current			5,093						19,913						20,843						7,952						422						—						—						—						54,223
Past due:
30-59 days			—						—						—						—						—						—						—						—						—
60-89 days			—						—						—						—						—						—						—						—						—
90+ days			—						—						—						—						—						—						—						—						—
Total			5,093						19,913						20,843						7,952						422						—						—						—						54,223
Owner occupied CRE
Pass			1,415						10,620						59,954						34,535						42,208						171,189						4						86						320,011
Special Mention			—						1,810						6,166						7,676						—						26,750						—						—						42,402
Substandard			—						—						344						—						—						2,381						—						—						2,725
Total			1,415						12,430						66,464						42,211						42,208						200,320						4						86						365,138
Commercial business
Pass			26,722						15,893						38,551						22,573						29,617						32,943						149,728						835						316,862
Special Mention			—						—						—						1,867						689						685						2						—						3,243
Substandard			255						422						11,133						—						6,515						4,633						2,902						34						25,894
Total			26,977						16,315						49,684						24,440						36,821						38,261						152,632						869						345,999
Total commercial portfolio			$	138,936					$	218,639					$	2,087,186					$	1,427,473					$	594,036					$	1,002,491					$	318,919					$	955					$	5,788,635

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

			At September 30, 2024
(in thousands)			2024						2023						2022						2021						2020						2019 and prior						Revolving						Revolving-term						Total
CONSUMER PORTFOLIO
Single family
Current			$	254					$	37,460					$	382,171					$	308,697					$	141,332					$	264,815					$	—					$	—					$	1,134,729
Past due:
30-59 days			—						—						—						—						—						713						—						—						713
60-89 days			—						—						—						—						—						235						—						—						235
90+ days			—						—						—						—						—						2,304						—						—						2,304
Total			254						37,460						382,171						308,697						141,332						268,067						—						—						1,137,981
Home equity and other
Current			1,056						1,190						1,809						150						87						1,484						393,460						4,532						403,768
Past due:
30-59 days			—						4						4						4						—						—						1,467						28						1,507
60-89 days			—						—						5						1						—						—						193						6						205
90+ days			—						—						7						—						—						23						1,001						127						1,158
Total			1,056						1,194						1,825						155						87						1,507						396,121						4,693						406,638
Total consumer portfolio (1)			$	1,310					$	38,654					$	383,996					$	308,852					$	141,419					$	269,574					$	396,121					$	4,693					$	1,544,619
Total LHFI			$	140,246					$	257,293					$	2,471,182					$	1,736,325					$	735,455					$	1,272,065					$	715,040					$	5,648					$	7,333,254

(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 September 30, 2024
(in thousands)			2024						2023						2022						2021						2020						2019 and prior						Revolving						Revolving-term						Total
COMMERCIAL PORTFOLIO
Commercial business
Gross charge-offs			$	—					$	—					$	—					$	(458)					$	(1,077)					$	(1,080)					$	(39)					$	—					$	(2,654)
CONSUMER PORTFOLIO
Home equity and other
Gross charge-offs			—						(24)						(5)						—						—						—						(110)						—						(139)
Total LHFI			$	—					$	(24)					$	(5)					$	(458)					$	(1,077)					$	(1,080)					$	(149)					$	—					$	(2,793)

			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 September 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
Owner occupied CRE									—						—						205						—						205
Commercial business									2,963						—						4,420						1,573						8,956
Total									2,963						—						4,625						1,573						9,161
Consumer loans
Single family									832						—						—						—						832
Total collateral-dependent loans									$	3,795					$	1,915					$	24,676					$	1,573					$	31,959

						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 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 September 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			1,194						1,194						706						706
Commercial business			9,888						11,038						13,151						13,686
Total			11,082						12,232						13,857						14,392
Consumer loans
Single family			1,109						3,369						773						2,650
Home equity and other			—						2,753						—						1,310
Total			1,109						6,122						773						3,960
Total nonaccrual loans			$	34,157					$	40,320					$	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 September 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					$	574,726					$	590,956
Multifamily			—						—						—						1,915						1,915						3,949,026						3,950,941
Construction/land development
Multifamily construction			—						—						—						—						—						157,412						157,412
CRE construction			—						—						—						3,821						3,821						5,810						9,631
Single family construction			—						—						—						—						—						314,335						314,335
Single family construction to permanent			—						—						—						—						—						54,223						54,223
Total			—						—						—						21,966						21,966						5,055,532						5,077,498
Commercial and industrial loans
Owner occupied CRE			—						—						—						1,194						1,194						363,944						365,138
Commercial business			70						—						—						11,038						11,108						334,891						345,999
Total			70						—						—						12,232						12,302						698,835						711,137
Consumer loans
Single family			2,531						1,670						4,967			(2)			3,369						12,537						1,125,444						1,137,981
Home equity and other			1,118						197						—						2,753						4,068						402,570						406,638
Total			3,649						1,867						4,967						6,122						16,605						1,528,014						1,544,619			(3)
Total loans			$	3,719					$	1,867					$	4,967					$	40,320					$	50,873					$	7,282,381					$	7,333,254
%			0.05		%				0.02		%				0.07		%				0.55		%				0.69		%				99.31		%				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 $11.0 million and $12.4 million at September 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 both September 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 nine months ended September 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 September 30,																								Nine Months Ended September 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
Multifamily			$	1,915					0.05		%				$	—					—		%				$	1,915					0.05		%				$	—					—		%
Commercial business			—						—		%				—						—		%				90						0.03		%				—						—		%
Single family			—						—		%				847						0.08		%				$	—					—		%				847						0.08		%

			Term Extension
			Quarter Ended September 30,																								Nine Months Ended September 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			$	2					—		%				$	9,663					2.51		%				$	1,152					0.33		%				$	10,396					2.70		%
Single family			—						—		%				273						0.02		%				—						—		%				273						0.02		%

			Significant Payment Delay and Term Extension
			Quarter Ended September 30,																								Nine Months Ended September 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
Non-owner occupied CRE			$	—					—		%				$	16,440					2.60		%				$	—					—		%				$	16,440					2.60		%
Construction/land development			—						—		%				3,871						0.68		%				—						—		%				3,871						0.68		%
Single family			1,226						0.11		%				1,167						0.11		%				2,399						0.21		%				2,284						0.21		%

			Interest Rate Reduction, Significant Payment Delay and Term Extension
			Quarter Ended June 30,																								Nine Months Ended September 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		%

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

Interest Rate Reduction

Quarter Ended September 30,

Nine Months Ended September 30,

2024

2023

2024

2023

Single family

—

—

—

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

Significant Payment Delay

Quarter Ended September 30,

Nine Months Ended September 30,

2024

2023

2024

2023

Non-owner occupied CRE

—

The weighted average duration of loan payments deferred is 1.6 years

—

The weighted average duration of loan payments deferred is 1.6 years.

Multifamily

The weighted average duration of loan payments deferred is 0.5 years

—

The weighted average duration of loan payments deferred is 1.5 years

—

Construction/land development

—

The weighted average duration of loan payments deferred is 2.1 years.

—

The weighted average duration of loan payments deferred is 2.1 years.

Commercial business

—

—

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

—

Single Family

Provided payment deferrals to borrowers. A weighted average 2.16% of loan balances were capitalized and added to the remaining term of the loan.

Provided payment deferrals to borrowers. A weighted average 1.08% of loan balances were capitalized and added to the remaining term of the loan.

Provided payment deferrals to borrowers. A weighted average 0.80% of loan balances were capitalized and added to the remaining term of the loan.

Provided payment deferrals to borrowers. A weighted average 0.48% of loan balances were capitalized and added to the remaining term of the loan.

Term Extension

Quarter Ended September 30,

Nine Months Ended September 30,

2024

2023

2024

2023

Non-owner occupied CRE

—

Added a weighted average 1.6 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

—

Added a weighted average 1.6 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Construction/land development

—

Added a weighted average 2.1 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

—

Added a weighted average 2.1 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Commercial business

Added a weighted average 0.7 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 1.1 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.

Added a weighted average 1.2 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Single family

Added a weighted average 4.9 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 3.4 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 3.9 years to the life of loans, which reduced the monthly payment amounts to the borrowers.

Added a weighted average 4.6 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 July 1, 2023 through June 30, 2024:

			Payment Status (Amortized Cost Basis) at September 30, 2024
(in thousands)			Current						30-89 Days Past Due						90+ Days Past Due
Non-owner occupied CRE			$	—					$	—					$	16,230
Commercial business			811						—						5,570
Single family			754						419						458
Total			$	1,565					$	419					$	22,258

The following table depicts the payment status of loans that were classified as MBFDs on or after July 1, 2022 through June 30, 2023:

			Payment Status (Amortized Cost Basis) at September 30, 2023
(in thousands)			Current						30-89 Days Past Due						90+ Days Past Due
Non-owner occupied CRE			$	16,440					$	—					$	—
Construction/land development			3,871						—						—
Commercial business			14,335						—						—
Single family			8,090						700						518
Total			$	42,736					$	700					$	518

Schedule of Loan Modifications with Subsequent Default

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

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Quarter Ended September 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
Single family			$	—					$	—					$	—					$	419					$	—
Total			$	—					$	—					$	—					$	419					$	—

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

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Quarter Ended September 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
Commercial business			$	—					$	2,990					$	—					$	—					$	—
Single family			235						—						—						634						70
Total			$	235					$	2,990					$	—					$	634					$	70

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

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Nine Months Ended September 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			$	—					$	—					$	—					$	16,230					$	—
Construction/land development			—						—						—						—						—
Commercial business			—						5,570						—						—						—
Single family			240						—						—						638						—
Total			$	240					$	5,570					$	—					$	16,868					$	—

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

			Amortized Cost Basis of Modified Loans That Subsequently Defaulted
			Nine Months Ended September 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
Commercial business			$	—					$	2,990					$	—					$	—					$	—
Single family			235						—						—						2,879						1,162
Total			$	235					$	2,990					$	—					$	2,879					$	1,162

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-URI https://asc.fasb.org/1943274/2147481962/310-10-50-42

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