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Loans and Leases and the Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2025
Loans And Leases And Allowance For Loan And Lease Losses [Abstract]  
Schedule of Loan and Lease Portfolio
The Company’s loan and lease portfolio was comprised of the following as of September 30, 2025 and December 31, 2024:
(dollars in thousands)September 30, 2025December 31, 2024
Commercial
Commercial Mortgage$4,040,711 $4,020,622 
Commercial and Industrial1,581,232 1,705,133 
Construction380,944 308,898 
Lease Financing92,213 90,756 
Total Commercial6,095,100 6,125,409 
Consumer
Residential Mortgage4,685,214 4,628,283 
Home Equity2,129,599 2,165,514 
Automobile699,244 764,146 
Other412,422 392,628 
Total Consumer7,926,479 7,950,571 
Total Loans and Leases$14,021,579 $14,075,980 
Schedule of Activity in Allowance by Portfolio Segment
The following presents by portfolio segment, the activity in the Allowance for the three and nine months ended September 30, 2025 and 2024.
(dollars in thousands)CommercialConsumerTotal
Three Months Ended September 30, 2025
Allowance for Credit Losses:
Balance at Beginning of Period$78,902 $69,641 $148,543 
Loans and Leases Charged-Off(171)(3,788)(3,959)
Recoveries on Loans and Leases Previously Charged-Off98 1,284 1,382 
Net Loans and Leases Charged-Off(73)(2,504)(2,577)
Provision for Credit Losses(534)3,346 2,812 
Balance at End of Period$78,295 $70,483 $148,778 
Nine Months Ended September 30, 2025
Allowance for Credit Losses:
Balance at Beginning of Period$83,900 $64,628 $148,528 
Loans and Leases Charged-Off(1,776)(11,903)(13,679)
Recoveries on Loans and Leases Previously Charged-Off253 3,828 4,081 
Net Loans and Leases Charged-Off(1,523)(8,075)(9,598)
Provision for Credit Losses(4,082)13,930 9,848 
Balance at End of Period$78,295 $70,483 $148,778 
Three Months Ended September 30, 2024
Allowance for Credit Losses:
Balance at Beginning of Period$80,085 $67,392 $147,477 
Loans and Leases Charged-Off(1,021)(4,315)(5,336)
Recoveries on Loans and Leases Previously Charged-Off66 1,440 1,506 
Net Loans and Leases Charged-Off(955)(2,875)(3,830)
Provision for Credit Losses2,825 859 3,684 
Balance at End of Period$81,955 $65,376 $147,331 
Nine Months Ended September 30, 2024
Allowance for Credit Losses:
Balance at Beginning of Period$74,074 $72,329 $146,403 
Loans and Leases Charged-Off(2,256)(11,665)(13,921)
Recoveries on Loans and Leases Previously Charged-Off445 3,972 4,417 
Net Loans and Leases Charged-Off(1,811)(7,693)(9,504)
Provision for Credit Losses9,692 740 10,432 
Balance at End of Period$81,955 $65,376 $147,331 
Schedule of Recorded Investment in Loans and Leases by Class and Credit Quality Indicator The following presents by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of September 30, 2025.
Term Loans by Origination Year
(dollars in thousands)
20251
2024202320222021PriorRevolving LoansRevolving Loans Converted to Term LoansTotal Loans and Leases
September 30, 2025
Commercial
Commercial Mortgage
Pass$489,190 $305,933 $662,439 $881,134 $567,451 $893,704 $35,551 $— $3,835,402 
Special Mention32,500 — — — — — — — 32,500 
Classified3,406 36,528 13,575 85,377 3,042 30,881 — — 172,809 
Total Commercial Mortgage$525,096 $342,461 $676,014 $966,511 $570,493 $924,585 $35,551 $— $4,040,711 
Gross Charge-Offs— — — — — — — — — 
Commercial and Industrial
Pass$169,766 $314,312 $246,977 $209,943 $134,594 $141,025 $307,852 $185 $1,524,654 
Special Mention— 386 — — — — 23,898 — 24,284 
Classified385 553 14,461 2,084 2,044 3,247 9,520 — 32,294 
Total Commercial and Industrial$170,151 $315,251 $261,438 $212,027 $136,638 $144,272 $341,270 $185 $1,581,232 
Gross Charge-Offs315 139 — — — 1,322 — — 1,776 
Construction
Pass$25,868 $137,884 $139,098 $49,742 $3,166 $— $7,722 $— $363,480 
Special Mention— — — 14,614 — — — — 14,614 
Classified— — — 2,850 — — — — 2,850 
Total Construction$25,868 $137,884 $139,098 $67,206 $3,166 $— $7,722 $— $380,944 
Gross Charge-Offs— — — — — — — — — 
Lease Financing
Pass$15,271 $46,779 $6,830 $6,958 $6,486 $9,365 $— $— $91,689 
Classified— — 402 26 57 39 — — 524 
Total Lease Financing$15,271 $46,779 $7,232 $6,984 $6,543 $9,404 $— $— $92,213 
Gross Charge-Offs— — — — — — — — — 
Total Commercial$736,386 $842,375 $1,083,782 $1,252,728 $716,840 $1,078,261 $384,543 $185 $6,095,100 
Total Commercial Gross Charge-Offs315 139 — — — 1,322 — — 1,776 
Consumer
Residential Mortgage
Pass$339,885 $242,793 $244,336 $715,635 $1,135,044 $2,004,188 $— $— $4,681,881 
Classified— — — 1,825 — 1,508 — — 3,333 
Total Residential Mortgage$339,885 $242,793 $244,336 $717,460 $1,135,044 $2,005,696 $— $— $4,685,214 
Gross Charge-Offs— — — — — — — — — 
Home Equity
Pass$— $— $— $— $— $38 $2,052,721 $73,142 $2,125,901 
Classified— — — — — — 3,319 379 3,698 
Total Home Equity$— $— $— $— $— $38 $2,056,040 $73,521 $2,129,599 
Gross Charge-Offs— — — — — — 157 101 258 
Automobile
Pass$149,021 $169,276 $141,130 $150,162 $59,792 $29,319 $— $— $698,700 
Classified20 222 89 59 44 110 — — 544 
Total Automobile$149,041 $169,498 $141,219 $150,221 $59,836 $29,429 $— $— $699,244 
Gross Charge-Offs64 1,030 1,303 980 314 681 — — 4,372 
Other
Pass$123,246 $107,285 $55,314 $63,902 $32,353 $29,215 $510 $— $411,825 
Classified29 188 151 134 24 71 — — 597 
Total Other$123,275 $107,473 $55,465 $64,036 $32,377 $29,286 $510 $— $412,422 
Gross Charge-Offs717 1,572 1,461 1,796 995 732 7,273 
Total Consumer$612,201 $519,764 $441,020 $931,717 $1,227,257 $2,064,449 $2,056,550 $73,521 $7,926,479 
Total Consumer Gross Charge-Offs781 2,602 2,764 2,776 1,309 1,413 157 101 11,903 
Total Loans and Leases$1,348,587 $1,362,139 $1,524,802 $2,184,445 $1,944,097 $3,142,710 $2,441,093 $73,706 $14,021,579 
Total Gross Charge-Offs1,096 2,741 2,764 2,776 1,309 2,735 157 101 13,679 
1.Loans reported as Special Mention and Classified in the 2025 column represent amendment of loans that originated in an earlier period.
During the nine months ended September 30, 2025, $18.4 million of revolving loans were converted to term loans.
The following presents by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of December 31, 2024.
Term Loans by Origination Year
(dollars in thousands)
20241
2023202220212020PriorRevolving LoansRevolving Loans Converted to Term LoansTotal Loans and Leases
December 31, 2024
Commercial
Commercial Mortgage
Pass$401,415 $687,580 $1,091,627 $596,386 $405,244 $600,386 $48,655 $— $3,831,293 
Special Mention— 47,773 1,918 3,348 2,911 15,148 — — 71,098 
Classified35,770 14,491 24,420 3,136 19,609 20,805 — — 118,231 
Total Commercial Mortgage$437,185 $749,844 $1,117,965 $602,870 $427,764 $636,339 $48,655 $— $4,020,622 
Gross Charge-Offs— — — — — — — — — 
Commercial and Industrial
Pass$356,831 $281,168 $236,802 $146,458 $135,158 $79,258 $375,135 $276 $1,611,086 
Special Mention467 — — — — — 38,587 — 39,054 
Classified325 15,614 3,483 4,831 6,590 6,427 17,716 54,993 
Total Commercial and Industrial$357,623 $296,782 $240,285 $151,289 $141,748 $85,685 $431,438 $283 $1,705,133 
Gross Charge-Offs362 282 — 1,438 128 399 — — 2,609 
Construction
Pass$89,334 $110,153 $87,006 $1,689 $1,279 $— $16,766 $— $306,227 
Special Mention— — 2,671 — — — — — 2,671 
Total Construction$89,334 $110,153 $89,677 $1,689 $1,279 $— $16,766 $— $308,898 
Gross Charge-Offs— — — — — — — — — 
Lease Financing
Pass$49,360 $8,174 $9,568 $9,751 $5,244 $7,602 $— $— $89,699 
Classified— 491 37 81 62 386 — — 1,057 
Total Lease Financing$49,360 $8,665 $9,605 $9,832 $5,306 $7,988 $— $— $90,756 
Gross Charge-Offs— — — — — — — — — 
Total Commercial$933,502 $1,165,444 $1,457,532 $765,680 $576,097 $730,012 $496,859 $283 $6,125,409 
Total Commercial Gross Charge-Offs362 282 — 1,438 128 399 — — 2,609 
Consumer
Residential Mortgage
Pass$268,330 $271,985 $751,920 $1,180,191 $919,280 $1,232,582 $— $— $4,624,288 
Classified— — 858 474 735 1,928 — — 3,995 
Total Residential Mortgage$268,330 $271,985 $752,778 $1,180,665 $920,015 $1,234,510 $— $— $4,628,283 
Gross Charge-Offs— — — 337 — 48 — — 385 
Home Equity
Pass$— $— $— $— $— $40 $2,105,833 $55,963 $2,161,836 
Classified— — — — — — 3,092 586 3,678 
Total Home Equity$— $— $— $— $— $40 $2,108,925 $56,549 $2,165,514 
Gross Charge-Offs— — — — — — 429 272 701 
Automobile
Pass$210,145 $187,136 $210,207 $94,492 $34,614 $26,777 $— $— $763,371 
Classified90 191 224 154 57 59 — — 775 
Total Automobile$210,235 $187,327 $210,431 $94,646 $34,671 $26,836 $— $— $764,146 
Gross Charge-Offs227 1,578 1,340 1,083 293 821 — — 5,342 
Other
Pass$133,093 $74,068 $96,376 $52,152 $5,149 $30,580 $533 $— $391,951 
Classified51 229 246 83 — 68 — — 677 
Total Other$133,144 $74,297 $96,622 $52,235 $5,149 $30,648 $533 $— $392,628 
Gross Charge-Offs1,431 2,151 2,901 1,869 326 1,421 — — 10,099 
Total Consumer$611,709 $533,609 $1,059,831 $1,327,546 $959,835 $1,292,034 $2,109,458 $56,549 $7,950,571 
Total Consumer Gross Charge-Offs1,658 3,729 4,241 3,289 619 2,290 429 272 16,527 
Total Loans and Leases$1,545,211 $1,699,053 $2,517,363 $2,093,226 $1,535,932 $2,022,046 $2,606,317 $56,832 $14,075,980 
Total Gross Charge-Offs2,020 4,011 4,241 4,727 747 2,689 429 272 19,136 
1.Loans reported as Special Mention and Classified in the 2024 column represent amendment of loans that originated in an earlier period.
Schedule of Aging Analysis by Class of Loan and Lease Portfolio The following presents by class, an aging analysis of the Company’s loan and lease portfolio as of September 30, 2025 and December 31, 2024.
(dollars in thousands)30 - 59 Days Past Due60 - 89 Days Past DuePast Due 90 Days or MoreNon-AccrualTotal Past Due and Non-AccrualCurrentTotal Loans and LeasesNon-Accrual Loans and Leases that are Current
As of September 30, 2025
Commercial
Commercial Mortgage$— $— $— $2,498 $2,498 $4,038,213 $4,040,711 $— 
Commercial and Industrial45 21 — 3,506 3,572 1,577,660 1,581,232 2,417 
Construction— — — — — 380,944 380,944 — 
Lease Financing— — — — — 92,213 92,213 — 
Total Commercial45 21 — 6,004 6,070 6,089,030 6,095,100 2,417 
Consumer
Residential Mortgage1,934 1,495 7,456 5,628 16,513 4,668,701 4,685,214 1,431 
Home Equity4,803 934 2,765 5,107 13,609 2,115,990 2,129,599 1,427 
Automobile15,810 1,828 525 — 18,163 681,081 699,244 — 
Other1,799 1,044 579 — 3,422 409,000 412,422 — 
Total Consumer24,346 5,301 11,325 10,735 51,707 7,874,772 7,926,479 2,858 
Total$24,391 $5,322 $11,325 $16,739 $57,777 $13,963,802 $14,021,579 $5,275 
As of December 31, 2024
Commercial
Commercial Mortgage$— $— $— $2,450 $2,450 $4,018,172 $4,020,622 $— 
Commercial and Industrial90 117 — 4,627 4,834 1,700,299 1,705,133 — 
Construction— — — — — 308,898 308,898 — 
Lease Financing— — — — — 90,756 90,756 — 
Total Commercial90 117 — 7,077 7,284 6,118,125 6,125,409 — 
Consumer
Residential Mortgage5,184 4,174 3,984 5,052 18,394 4,609,889 4,628,283 424 
Home Equity6,109 2,753 2,845 4,514 16,221 2,149,293 2,165,514 1,438 
Automobile16,443 1,661 776 — 18,880 745,266 764,146 — 
Other2,565 1,076 677 — 4,318 388,310 392,628 — 
Total Consumer30,301 9,664 8,282 9,566 57,813 7,892,758 7,950,571 1,862 
Total$30,391 $9,781 $8,282 $16,643 $65,097 $14,010,883 $14,075,980 $1,862 
Schedule of Non-Accrual Loans and Leases
The following presents the non-accrual loans and leases as of September 30, 2025 and December 31, 2024.
September 30, 2025December 31, 2024
(dollars in thousands)Non-Accrual Loans with a Related ACLNon-Accrual Loans without a Related ACLTotal Non-Accrual LoansNon-Accrual Loans with a Related ACLNon-Accrual Loans without a Related ACLTotal Non-Accrual Loans
Commercial
Commercial Mortgage$— $2,498 $2,498 $— $2,450 $2,450 
Commercial and Industrial2,399 1,107 3,506 3,695 932 4,627 
Total Commercial2,399 3,605 6,004 3,695 3,382 7,077 
Consumer
Residential Mortgage5,187 441 5,628 5,052 — 5,052 
Home Equity5,107 — 5,107 4,514 — 4,514 
Total Consumer10,294 441 10,735 9,566 — 9,566 
Total$12,693 $4,046 $16,739 $13,261 $3,382 $16,643 
Schedule of Amortized Cost Basis and Financial Effect of Loan Modifications to Borrowers Experiencing Financial Difficulty
The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during three and nine months ended September 30, 2025 and 2024.
(dollars in thousands)Term Extension
Payment Delay and Term Extension1
Term Extension and Interest Rate ReductionRate Reduction, Payment Delay, and Term ExtensionPayment DelayTotal% of Total Class of Loans and Leases
Three Months Ended September 30, 2025
Commercial
Commercial and Industrial$136 $— $— $— $— $136 0.01%
Total Commercial136 — — — — 136 0.00
Consumer
Residential Mortgage501 — — — — 501 0.01
Automobile3,317 — — — — 3,317 0.47
Other613 — — — — 613 0.15
Total Consumer4,431 — — — — 4,431 0.06
Total Loans and Leases$4,567 $— $— $— $— $4,567 0.03%
Nine Months Ended September 30, 2025
Commercial
Commercial Mortgage$— $— $— $2,085 $— $2,085 0.05%
Commercial and Industrial215 — — — — 215 0.01
Total Commercial215 — — 2,085 — 2,300 0.04
Consumer
Residential Mortgage954 — 71 — — 1,025 0.02
Home Equity— — 169 — — 169 0.01
Automobile9,869 — — — — 9,869 1.41
Other1,496 — — — — 1,496 0.36
Total Consumer12,319 — 240 — — 12,559 0.16
Total Loans and Leases$12,534 $— $240 $2,085 $— $14,859 0.11%
Three Months Ended September 30, 2024
Commercial
Commercial and Industrial$11 $— $— $— $— $11 0.00%
Total Commercial11 — — — — 11 0.00
Consumer
Automobile3,862 — — — — 3,862 0.49
Other635 — — — — 635 0.17
Total Consumer4,497 — — — — 4,497 0.06
Total Loans and Leases$4,508 $— $— $— $— $4,508 0.03%
Nine Months Ended September 30, 2024
Commercial
Commercial and Industrial$35 $4,432 $— $— $— $4,467 0.27%
Total Commercial35 4,432 — — — 4,467 0.08
Consumer
Residential Mortgage— — — — 14,718 14,718 0.32
Home Equity— — — — 1,116 1,116 0.05
Automobile12,184 917 — — — 13,101 1.66
Other1,498 95 — — — 1,593 0.42
Total Consumer13,682 1,012 — — 15,834 30,528 0.38
Total Loans and Leases$13,717 $5,444 $— $— $15,834 $34,995 0.25%
1.Includes forbearance plans.
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three and nine months ended September 30, 2025 and 2024.
(dollars in thousands)Weighted-Average Months of Term Extension
Weighted-Average Payment Deferral1
Weighted-Average Interest Rate Reduction
Three Months Ended September 30, 2025
Commercial
Commercial and Industrial95$— — %
Consumer
Residential Mortgage62— — 
Automobile22— — 
Other23— — 
Nine Months Ended September 30, 2025
Commercial
Commercial Mortgage24$140 1.88 %
Commercial and Industrial61— — 
Consumer
Residential Mortgage72— 0.37 
Home Equity24— 0.88 
Automobile22— — 
Other22— — 
Three Months Ended September 30, 2024
Commercial
Commercial and Industrial22$— — %
Consumer
Automobile22— — 
Other22— — 
Nine Months Ended September 30, 2024
Commercial
Commercial and Industrial12$593 — %
Consumer
Residential Mortgage013 — 
Home Equity0— 
Automobile22— 
Other21— 
1Includes forbearance plans.
The following table presents the loan modifications made to borrowers experiencing financial difficulty that defaulted during the three and nine months ended September 30, 2025 and 2024.
(dollars in thousands)Term Extension
Payment Delay & Term Extension1
Term Extension and Interest Rate Reduction
Rate Reduction, Payment Delay, and Term Extension
Total
Three Months Ended September 30, 2025
Commercial
Commercial Mortgage
$— $— $— $2,085 $2,085 
Total Commercial— — — 2,085 2,085 
Consumer
Residential Mortgage$— $— $— $— $— 
Automobile431 — — — 431 
Other132 — — — 132 
Total Consumer563 — — — 563 
Total Loans and Leases$563 $— $— $2,085 $2,648 
Nine Months Ended September 30, 2025
Commercial
Commercial Mortgage
$— $— $— $2,085 $2,085 
Total Commercial— — — 2,085 2,085 
Consumer
Residential Mortgage$— $— $71 $— $71 
Automobile699 — — — 699 
Other151 — — — 151 
Total Consumer850 — 71 — 921 
Total Loans and Leases$850 $— $71 $2,085 $3,006 
Three Months Ended September 30, 2024
Consumer
Automobile$536 $112 $— $— $648 
Other209 — — 210 
Total Consumer745 113 — — 858 
Total Loans and Leases$745 $113 $— $— $858 
Nine Months Ended September 30, 2024
Commercial
Commercial and Industrial$— $32 $— $— $32 
Total Commercial— 32 — — 32 
Consumer
Automobile704 119 — — 823 
Other217 — — 218 
Total Consumer921 120 — — 1,041 
Total Loans and Leases$921 $152 $— $— $1,073 
1.Includes forbearance plans.
Schedule of Aging Analysis of Loan Modifications Made to Borrowers Experiencing Financial Difficulty
The following table presents the aging analysis of loans that have been modified in the last 12 months made to borrowers experiencing financial difficulty as of September 30, 2025 and 2024.
(dollars in thousands)Current30 - 59 Days Past Due60 - 89 Days Past DuePast Due 90 Days or MoreNon-AccrualTotal
As of September 30, 2025
Commercial
Commercial Mortgage$— $— $— $— $2,085 $2,085 
Commercial and Industrial215 25 — — — 240 
Total Commercial215 25 — — 2,085 2,325 
Consumer
Residential Mortgage572 — — — 453 1,025 
Home Equity1,063 — — — — 1,063 
Automobile10,119 1,880 209 93 — 12,301 
Other1,588 124 88 41 — 1,841 
Total Consumer13,342 2,004 297 134 453 16,230 
Total Loans and Leases$13,557 $2,029 $297 $134 $2,538 $18,555 
As of September 30, 2024
Commercial
Commercial and Industrial$4,467 $— $— $— $— $4,467 
Total Commercial4,467 — — — — 4,467 
Consumer
Residential Mortgage14,718 — — — — 14,718 
Home Equity1,055 — — — 61 1,116 
Automobile10,977 1,783 225 116 — 13,101 
Other1,326 115 75 77 — 1,593 
Total Consumer28,076 1,898 300 193 61 30,528 
Total Loans and Leases$32,543 $1,898 $300 $193 $61 $34,995