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Loans Receivable and Allowance for Credit Losses | 12 Months Ended
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Dec. 31, 2025
Receivables [Abstract] |
Loans Receivable and Allowance for Credit Losses | Loans Receivable and Allowance for Credit Losses Loans held for investment as of December 31, 2025 and 2024 are summarized as follows (in thousands):
| 2025 |  | 2024
Mortgage loans: |  |  |
Commercial | $ | 7,398,792 |  |  | 7,228,078 |
Multi-family | 3,667,337 |  |  | 3,382,933 |
Construction | 662,112 |  |  | 823,503 |
Residential | 1,974,324 |  |  | 2,010,637 |
Total mortgage loans | 13,702,565 |  |  | 13,445,151 |
Commercial loans | 5,200,517 |  |  | 4,608,600 |
Consumer loans | 612,431 |  |  | 613,819 |
Total gross loans | 19,515,513 |  |  | 18,667,570 |
Premiums on purchased loans | 1,524 |  |  | 1,338 |
Net deferred fees | (12,976) |  |  | (9,538) |
Total loans | $ | 19,504,061 |  |  | 18,659,370 |
As of December 31, 2025 and December 31, 2024, the Company had loans held for sale of $14.7 million and $162.5 million, respectively. In December of 2024, $151.3 million of the Bank's commercial loan portfolio was reclassified from loans held for investment into the held for sale portfolio as a result of a decision to exit the non-relationship equipment lease financing business. Accrued interest on loans totaled $82.2 million and $78.5 million as of December 31, 2025 and December 31, 2024, respectively, and is presented within total accrued interest receivable on the consolidated statements of financial condition. As of December 31, 2025, the Bank had aggregate loans and loan commitments of $66.1 million to its directors and their related interests. These loans and loan commitments were made on substantially the same terms, including interest rates and collateral, as those prevailing for comparable transactions with the general public and do not involve more than the normal risk of repayment or present other unfavorable features. As of December 31, 2025, the Bank had aggregate loans and loan commitments totaling $3.1 million to its executive officers or their related entities. These loans and loan commitments were made on substantially the same terms, including interest rates and collateral, as those prevailing for comparable transactions with the general public and do not involve more than the normal risk of repayment or present other unfavorable features. Premiums and discounts on purchased loans are amortized or accreted over the lives of the loans as an adjustment to yield. Required reductions due to loan prepayments are charged against or credited to interest income, as appropriate. For the years ended December 31, 2025, 2024 and 2023, as a result of prepayments and normal amortization, interest income decreased $275,000, $314,000 and $206,000, respectively. The following tables summarize the aging of loans held for investment by portfolio segment and class of loans (in thousands):
| As of December 31, 2025 |  |
| 30-59 Days |  | 60-89 Days |  | Non-accrual |  | Recorded Investment > 90 days accruing |  | Total Past Due |  | Current |  | Total Loans Receivable |  | Non-accrual loans with no related allowance
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 15,652 |  |  | — |  |  | 26,856 |  |  | — |  |  | 42,508 |  |  | 7,356,284 |  |  | 7,398,792 |  |  | 22,506 |
Multi-family | — |  |  | 932 |  |  | 2,268 |  |  | — |  |  | 3,200 |  |  | 3,664,137 |  |  | 3,667,337 |  |  | 2,268 |
Construction | — |  |  | — |  |  | 5,159 |  |  | — |  |  | 5,159 |  |  | 656,953 |  |  | 662,112 |  |  | 5,159 |
Residential | 8,344 |  |  | 4,177 |  |  | 9,062 |  |  | — |  |  | 21,583 |  |  | 1,952,741 |  |  | 1,974,324 |  |  | 9,062 |
Total mortgage loans | 23,996 |  |  | 5,109 |  |  | 43,345 |  |  | — |  |  | 72,450 |  |  | 13,630,115 |  |  | 13,702,565 |  |  | 38,995 |
Commercial loans | 1,303 |  |  | 633 |  |  | 33,219 |  |  | — |  |  | 35,155 |  |  | 5,165,362 |  |  | 5,200,517 |  |  | 26,655 |
Consumer loans | 2,209 |  |  | 781 |  |  | 1,856 |  |  | — |  |  | 4,846 |  |  | 607,585 |  |  | 612,431 |  |  | 1,856 |
Total gross loans | $ | 27,508 |  |  | 6,523 |  |  | 78,420 |  |  |  |  | 112,451 |  |  | 19,403,062 |  |  | 19,515,513 |  |  | 67,506 |
| As of December 31, 2024 |  |
| 30-59 Days |  | 60-89 Days |  | Non-accrual |  | Recorded Investment > 90 days accruing |  | Total Past Due |  | Current |  | Total Loans Receivable |  | Non-accrual loans with no related allowance
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 8,538 |  |  | 3,954 |  |  | 20,883 |  |  | — |  |  | 33,375 |  |  | 7,194,703 |  |  | 7,228,078 |  |  | 13,575 |
Multi-family | — |  |  | — |  |  | 7,498 |  |  | — |  |  | 7,498 |  |  | 3,375,435 |  |  | 3,382,933 |  |  | 7,498 |
Construction | — |  |  | — |  |  | 13,246 |  |  | — |  |  | 13,246 |  |  | 810,257 |  |  | 823,503 |  |  | 13,246 |
Residential | 6,388 |  |  | 5,049 |  |  | 4,535 |  |  | — |  |  | 15,972 |  |  | 1,994,665 |  |  | 2,010,637 |  |  | 4,535 |
Total mortgage loans | 14,926 |  |  | 9,003 |  |  | 46,162 |  |  | — |  |  | 70,091 |  |  | 13,375,060 |  |  | 13,445,151 |  |  | 38,854 |
Commercial loans | 3,026 |  |  | 1,117 |  |  | 24,243 |  |  | — |  |  | 30,868 |  |  | 4,577,732 |  |  | 4,608,600 |  |  | 15,164 |
Consumer loans | 3,152 |  |  | 856 |  |  | 1,656 |  |  | — |  |  | 5,664 |  |  | 608,155 |  |  | 613,819 |  |  | 1,656 |
Total gross loans | $ | 21,104 |  |  | 10,976 |  |  | 72,061 |  |  | — |  |  | 106,623 |  |  | 18,560,947 |  |  | 18,667,570 |  |  | 55,674 |
Included in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. Generally, accrued interest is written off by reversing interest income during the quarter the loan is moved from an accrual to a non-accrual status. The principal amount of non-accrual loans was $78.4 million and $72.1 million as of December 31, 2025 and 2024, respectively. There were no loans 90-days or greater past due and still accruing interest as of December 31, 2025 and 2024. If the non-accrual loans had performed in accordance with their original terms, interest income would have increased by $2.1 million, $2.8 million and $1.6 million, for the years ended December 31, 2025, 2024 and 2023, respectively. The activity in the allowance for credit losses for the years ended December 31, 2025, 2024 and 2023 is as follows (in thousands):
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
Balance at beginning of period | $ | 193,432 |  |  | 107,200 |  |  | 88,023 |
Initial allowance related to PCD loans | — |  |  | 17,188 |  |  | — |
Provision charge for credit losses on loans (1) | 4,125 |  |  | 83,604 |  |  | 27,900 |
Cumulative effect of adopting ASU 2022-02 | — |  |  | — |  |  | (594) |
Recoveries of loans previously charged off | 2,036 |  |  | 3,263 |  |  | 2,292 |
Loans charged off | (14,826) |  |  | (17,823) |  |  | (10,421) |
Balance at end of period | $ | 184,767 |  |  | 193,432 |  |  | 107,200 |
(1) The provision charge for credit losses on loans for the year ended December 31, 2024 includes a $60.1 million charge recorded as part of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations. The activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2025 and 2024 are as follows (in thousands):
| For the Year Ended December 31, 2025
| Mortgage loans |  | Commercial loans |  | Consumer loans |  |  |  |  |  | Total Portfolio Segments
Balance at beginning of period | $ | 144,587 |  |  | 43,642 |  |  | 5,203 |  |  |  |  |  |  | 193,432 |
Provision (benefit) charge for credit losses on loans | (11,196) |  |  | 15,446 |  |  | (125) |  |  |  |  |  |  | 4,125 |
Recoveries of loans previously charged off | 932 |  |  | 527 |  |  | 577 |  |  |  |  |  |  | 2,036 |
Loans charged off | (5,722) |  |  | (8,488) |  |  | (616) |  |  |  |  |  |  | (14,826) |
Balance at end of period | $ | 128,601 |  |  | 51,127 |  |  | 5,039 |  |  |  |  |  |  | 184,767 |
| For the Year Ended December 31, 2024
| Mortgage loans |  | Commercial loans (1) |  | Consumer loans |  |  |  |  |  | Total Portfolio Segments
Balance at beginning of period | $ | 73,407 |  |  | 31,475 |  |  | 2,318 |  |  |  |  |  |  | 107,200 |
Initial allowance related to PCD loans | 10,628 |  |  | 6,070 |  |  | 490 |  |  |  |  |  |  | 17,188 |
Provision charge for credit losses on loans | 61,274 |  |  | 20,011 |  |  | 2319 |  |  |  |  |  |  | 83,604 |
Recoveries of loans previously charged off | 86 |  |  | 2,621 |  |  | 556 |  |  |  |  |  |  | 3,263 |
Loans charged off | (808) |  |  | (16,535) |  |  | (480) |  |  |  |  |  |  | (17,823) |
Balance at end of period | $ | 144,587 |  |  | 43,642 |  |  | 5,203 |  |  |  |  |  |  | 193,432 |
(1) The provision charge for credit losses on loans for the year ended December 31, 2024 includes a $2.8 million benefit to the allowance as a result of the $151.3 million transfer from the commercial loans held for investment portfolio into the loans held for sale portfolio. For the year ended December 31, 2025, the Company recorded a $4.1 million provision for credit losses on loans, compared with a provision for credit losses of $83.6 million for the year ended December 31, 2024. The decrease in the year-over-year provision for credit losses was primarily attributable to the prior year initial CECL provision for credit losses on loans of $60.1 million recorded as p art of the Lakeland merger in accordance with GAAP requirements for accounting for business combinations, combined with some economic forecast strengthening over the current twelve-month period within our CECL model, compared to last year. The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2025 by year of origination (in thousands):
| 2025 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | Total Loans
Mortgage loans: |  |  |  |  |  |  |
Commercial | $ | — |  | — |  | — |  | 358 |  | 441 |  | 3,586 |  | 4,385 |
Multi-family | — |  | — |  | 520 |  | — |  | — |  | 263 |  | 783 |
Construction | — |  | 534 |  | — |  | — |  | — |  | — |  | 534 |
Residential | — |  | — |  | — |  | — |  | — |  | 20 |  | 20 |
Total mortgage loans | — |  | 534 |  | 520 |  | 358 |  | 441 |  | 3,868 |  | 5,722 |
Commercial loans | — |  | 44 |  | 81 |  | 2,959 |  | 776 |  | 4,628 |  | 8,488 |
Consumer loans (1) | 21 |  | 38 |  | 20 |  | 3 |  | — |  | 46 |  | 128 |
Total gross loans | $ | 21 |  | 616 |  | 622 |  | 3,320 |  | 1,217 |  | 8,543 |  | 14,338 |
(1) During the year ended December 31, 2025, charge-offs on consumer overdraft accounts totaled $488,000, which are not included in the table above. The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2024 by year of origination (in thousands):
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Total Loans
Mortgage loans: |  |  |  |  |  |  |
Commercial | $ | — |  | — |  | — |  | — |  | — |  | 801 |  | 801 |
Residential | — |  | — |  | 7 |  | — |  | — |  | — |  | 7 |
Total mortgage loans | — |  | — |  | 7 |  | — |  | — |  | 801 |  | 808 |
Commercial loans | — |  | 1,434 |  | 2,731 |  | 10,259 |  | 1,775 |  | 335 |  | 16,535 |
Consumer loans (1) | 25 |  | 8 |  | 9 |  | 4 |  | — |  | 35 |  | 81 |
Total gross loans | $ | 25 |  | 1,442 |  | 2,746 |  | 10,263 |  | 1,775 |  | 1,172 |  | 17,425 |
(1) During the year ended December 31, 2024, charge-offs on consumer overdraft accounts totaled $398,000, which are not included in the table above. The following table summarizes the Company's gross charge-offs recorded for the year ended December 31, 2023 by year of origination (in thousands):
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Total Loans
Mortgage loans: |  |  |  |  |  |  |
Commercial | $ | — |  | — |  | — |  | — |  | — |  | 1,700 |  | 1,700 |
Residential | — |  | — |  | — |  | — |  | — |  | 24 |  | 24 |
Total mortgage loans | — |  | — |  | — |  | — |  | — |  | 1,724 |  | 1,724 |
Commercial loans | — |  | — |  | — |  | 5,000 |  | — |  | 3,363 |  | 8,363 |
Consumer loans (1) | 24 |  | — |  | — |  | — |  | — |  | 13 |  | 37 |
Total gross loans | $ | 24 |  | — |  | — |  | 5,000 |  | — |  | 5,100 |  | 10,124 |
(1) During the year ended December 31, 2023, charge-offs on consumer overdraft accounts totaled $297,000, which are not included in the table above. The Company defines an impaired loan as a non-accrual, non-homogeneous loan greater than $1.0 million, or which, based on current information, it is not expected to collect all amounts due under the contractual terms of the loan agreement. As of December 31, 2025, there were 28 impaired loans totaling $63.3 million, with related specific reserves of $5.9 million that were individually evaluated for impairment. A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Company estimates expected credit losses based on the collateral’s fair value less any selling costs. A specific allocation of the allowance for credit losses is established for each collateral-dependent loan with a carrying balance greater than the collateral’s fair value, less estimated selling costs. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less estimated selling costs. The Company uses third-party appraisals to determine the fair value of the underlying collateral in its analysis of collateral-dependent loans. A third-party appraisal is generally ordered as soon as a loan is designated as a collateral-dependent loan and updated annually, or more frequently if required. At each fiscal quarter end, if a loan is designated as collateral-dependent and the third-party appraisal has not yet been received, an evaluation of all available collateral is made using the best information available at the time, including rent rolls, borrower financial statements and tax returns, prior appraisals, management’s knowledge of the market and collateral, and internally prepared collateral valuations based upon market assumptions regarding vacancy and capitalization rates, each as and where applicable. Once the appraisal is received and reviewed, the specific reserves are adjusted to reflect the appraised value and evaluated for charge offs. The Company believes there have not been any significant time lapses since the receipt of the most recent appraisals. As of December 31, 2025, the Company had collateral-dependent impaired loans with a fair value of $54.5 million secured by commercial real estate. As of December 31, 2024, the Company had collateral-dependent impaired loans with a fair value of $11.0 million secured by commercial real estate. Loan modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearance, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. In addition, management attempts to obtain additional collateral or guarantor support when modifying such loans. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02:
Loan Classes |  | Modification types
Commercial |  | Term extension, interest rate reductions, payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or otherwise delay payments during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term.
Residential Mortgage/ Home Equity |  | Forbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term, as well as term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement.
Automobile/ Direct Installment |  | Term extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement.
Effective January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), which eliminated the accounting guidance for TDRs while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a modified retrospective basis. Upon adoption of this guidance, the Company no longer establishes a specific reserve for loan modifications to borrowers experiencing financial difficulty. Instead, these loan modifications are included in their respective pool and a projected loss rate is applied to the current loan balance to arrive at the quantitative and qualitative baseline portion of the allowance for credit losses. As a result, the Company recorded a $594,000 reduction to the allowance for credit losses, which resulted in a $433,000 cumulative effect adjustment increase, net of tax, to retained earnings. The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2025 (in thousands):
| Year Ended December 31, 2025
| Term Extension | Interest Rate Change | Interest Rate Change and Term Extension |  | Total | % of Total Class of Loans and Leases
Mortgage loans: |  |  |  |  |  |
Commercial | $ | 3,949 |  | — |  | 11,945 |  |  | 15,894 |  | 0.21 | %
Total mortgage loans | 3,949 |  | — |  | 11,945 |  |  | 15,894 |  | 0.12 |
Commercial loans | 13,501 |  | 748 |  | 9,654 |  |  | 23,903 |  | 0.46 |
Total gross loans | $ | 17,450 |  | 748 |  | 21,599 |  |  | 39,797 |  | 0.20 | %
The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):
| Year Ended December 31, 2024
| Term Extension | Interest Rate Change | Interest Rate Change and Term Extension | Change in Payment Type (1) | Total | % of Total Class of Loans and Leases
Mortgage loans: |  |  |  |  |  |
Commercial | $ | — |  | — |  | 3,072 |  | 2,852 |  | 5,924 |  | 0.08 | %
Multi-family | — |  | 1,297 |  | — |  | — |  | 1,297 |  | 0.04 |
Total mortgage loans | — |  | 1,297 |  | 3,072 |  | 2,852 |  | 7,221 |  | 0.05 |
Commercial loans | — |  | 12,814 |  | 8,466 |  | — |  | 21,280 |  | 0.46 |
Total gross loans | $ | — |  | 14,111 |  | 11,538 |  | 2,852 |  | 28,501 |  | 0.15 | %
The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):
| Year Ended December 31, 2023
| Term Extension | Interest Rate Change | Interest Rate Change and Term Extension | Total | % of Total Class of Loans and Leases
Mortgage loans: |  |  |  |  |
Multi-family | $ | — |  | — |  | 1,508 |  | 1,508 |  | 0.08 | %
Total mortgage loans | — |  | — |  | 1,508 |  | 1,508 |  | 0.02 |
Commercial loans | 3,771 |  | — |  | 1,250 |  | 5,021 |  | 0.21 |
Total gross loans | $ | 3,771 |  | — |  | 2,758 |  | 6,529 |  | 0.06 | %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2025 (in thousands):
| Weighted Average Months of Term Reduction | Weighted Average Rate Increase (Decrease)
Mortgage loans: |  |
Commercial | 15 | 0.35 | %
Total mortgage loans | 15 | 0.35 |
Commercial loans | 6 | (0.16) |
Total gross loans | 8 | (0.05) | %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):
| Weighted Average Months of Term Extension | Weighted Average Rate Increase
Mortgage loans: |  |
Commercial | 2 | 2.40 | %
Multi-family | 0 | 5.00 |
Total mortgage loans | 1 | 5.00 |
Commercial loans | 2 | 2.22 |
Total gross loans | 3 | 3.03 | %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):
| Weighted Average Months of Term Extension | Weighted Average Rate Increase
Mortgage loans: |  |
Multi-family | 2 | 2.23 | %
Total mortgage loans | 2 | 2.23 |
Commercial loans | 10 | 0.20 |
Total gross loans | 9 | 0.61 | %
There were no loan modifications made to borrowers experiencing financial difficulty that subsequently defaulted during the years ended December 31, 2025, December 31, 2024 and December 31, 2023 , respectively. The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2025 (in thousands):
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 days or more Past Due | Non- Accrual | Total
Mortgage loans: |  |  |  |  |  |
Commercial | $ | 15,894 |  | — |  | — |  | — |  | — |  | 15,894 |
Total mortgage loans | 15,894 |  | — |  | — |  | — |  | — |  | 15,894 |
Commercial loans | 23,744 |  | — |  | — |  | — |  | 158 |  | 23,903 |
Total gross loans | $ | 39,639 |  | — |  | — |  | — |  | 158 |  | 39,797 |
The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2024 (in thousands):
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 days or more Past Due | Non- Accrual | Total
Mortgage loans: |  |  |  |  |  |
Commercial | $ | 5,924 |  | — |  | — |  | — |  | — |  | 5,924 |
Multi-family | 481 |  | 94 |  | — |  | 320 |  | 402 |  | 1,297 |
Total mortgage loans | 6,405 |  | 94 |  | — |  | 320 |  | 402 |  | 7,221 |
Commercial loans | 15,340 |  | — |  | — |  | 88 |  | 5,852 |  | 21,280 |
Total gross loans | $ | 21,745 |  | 94 |  | — |  | 408 |  | 6,254 |  | 28,501 |
The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty for the year ended December 31, 2023 (in thousands):
| Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 days or more Past Due | Non- Accrual | Total
Mortgage loans: |  |  |  |  |  |
Multi-family | $ | 1,508 |  | — |  | — |  | — |  | — |  | 1,508 |
Total mortgage loans | 1,508 |  | — |  | — |  | — |  | — |  | 1,508 |
Commercial loans | 5,021 |  | — |  | — |  | — |  | — |  | 5,021 |
Total gross loans | $ | 6,529 |  | — |  | — |  | — |  | — |  | 6,529 |
Loans acquired by the Company that experienced more-than-insignificant deterioration in credit quality after origination, are classified as PCD loans. As of December 31, 2025, the balance of PCD loans totaled $509.7 million with a related allowance for credit losses of $4.6 million. The balance of PCD loans as of December 31, 2024, was $620.4 million with a related allowance for credit losses of $15.2 million. In connection with the Lakeland merger, the Company evaluated acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) modifications for borrowers experiencing financial difficulty; (3) risk ratings of watch, special mention, substandard or doubtful; and (4) loans greater than 59 days past due. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. Additionally for PCD loans, an allowance for credit losses was calculated using management's best estimate of projected losses over the remaining life of the loans. This represents the portion of the loan balances that has been deemed uncollectible based on the Company’s expectations of future cash flows for each respective PCD loan pool, given the outlook and forecasts inclusive of related fiscal and regulatory interventions. The expected lifetime losses were calculated using historical losses observed at the Bank, Lakeland and peer banks. A $17.2 million allowance for credit losses was recorded on PCD loans acquired from Lakeland. The interest rate fair value adjustment related to PCD loans will be substantially recognized as interest income on a level yield or straight line method over the expected life of the loans. The table below is a summary of the PCD loans that were acquired from Lakeland as of the closing date (in thousands):
Gross amortized cost basis as of May 16, 2024 |  | $ | 564,147 |
Charge-offs on PCD Loans at acquisition |  | (4,364) |
Interest component of expected cash flows (accretable difference) |  | (33,365) |
Allowance for credit losses on PCD loans |  | (17,188) |
Net PCD loans |  | $ | 509,230 |
Management utilizes an internal nine-point risk rating system to summarize its loan portfolio into categories with similar risk characteristics. Loans deemed to be “acceptable quality” are rated 1 through 4, with a rating of 1 established for loans with minimal risk. Loans that are deemed to be of “questionable quality” are rated 5 (watch) or 6 (special mention). Loans with adverse classifications (substandard, doubtful or loss) are rated 7, 8 or 9, respectively. Commercial mortgage, commercial, multi-family and construction loans are rated individually, and each lending officer is responsible for risk rating loans in their portfolio. These risk ratings are then reviewed by the department manager and/or the Chief Lending Officer and by the Credit Department. The risk ratings are also reviewed periodically through loan review examinations which are currently performed by independent third-parties. Reports by the independent third-parties are presented to the Audit Committee of the Board of Directors. The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades (in thousands):
|  | Gross Loans Held for Investment by Year of Origination as of December 31, 2025
|  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior to 2021 |  | Revolving Loans |  | Revolving loans to term loans |  | Total Loans
Commercial Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 6,013 |  |  | — |  |  | 1,549 |  |  | 39,287 |  |  | 47,805 |  |  | 33,971 |  |  | 503 |  |  | — |  |  | 129,128 |
Substandard |  | 9,869 |  |  | — |  |  | 57 |  |  | 471 |  |  | 15,875 |  |  | 60,111 |  |  | 748 |  |  | — |  |  | 87,131 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 15,882 |  |  | — |  |  | 1,606 |  |  | 39,758 |  |  | 63,680 |  |  | 94,082 |  |  | 1,251 |  |  | — |  |  | 216,259 |
Pass/Watch |  | 901,891 |  |  | 336,732 |  |  | 851,026 |  |  | 1,409,458 |  |  | 888,049 |  |  | 2,630,266 |  |  | 156,215 |  |  | 8,896 |  |  | 7,182,533 |
Total Commercial Mortgage |  | $ | 917,773 |  |  | 336,732 |  |  | 852,632 |  |  | 1,449,216 |  |  | 951,729 |  |  | 2,724,348 |  |  | 157,466 |  |  | 8,896 |  |  | 7,398,792 |
Multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | — |  |  | — |  |  | 2,946 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,946 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 41,593 |  |  | — |  |  | — |  |  | 41,593 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | — |  |  | — |  |  | 2,946 |  |  | — |  |  | 41,593 |  |  | — |  |  | — |  |  | 44,539 |
Pass/Watch |  | 744,514 |  |  | 316,398 |  |  | 522,511 |  |  | 622,238 |  |  | 350,499 |  |  | 1,049,876 |  |  | 15,250 |  |  | 1,512 |  |  | 3,622,798 |
Total Multi-Family |  | $ | 744,514 |  |  | 316,398 |  |  | 522,511 |  |  | 625,184 |  |  | 350,499 |  |  | 1,091,469 |  |  | 15,250 |  |  | 1,512 |  |  | 3,667,337 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | — |  |  | 14,497 |  |  | 6,639 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21,136 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,177 |  |  | — |  |  | — |  |  | — |  |  | 5,177 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | — |  |  | 14,497 |  |  | 6,639 |  |  | 5,177 |  |  | — |  |  | — |  |  | — |  |  | 26,313 |
Pass/Watch |  | 150,350 |  |  | 206,323 |  |  | 162,757 |  |  | 101,335 |  |  | 15,034 |  |  | — |  |  | — |  |  | — |  |  | 635,799 |
Total Construction |  | $ | 150,350 |  |  | 206,323 |  |  | 177,254 |  |  | 107,974 |  |  | 20,211 |  |  | — |  |  | — |  |  | — |  |  | 662,112 |
Residential (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | — |  |  | 946 |  |  | 582 |  |  | 264 |  |  | 1,845 |  |  | — |  |  | — |  |  | 3,637 |
Substandard |  | — |  |  | 1,746 |  |  | 2,263 |  |  | 1,410 |  |  | 1,024 |  |  | 1,795 |  |  | — |  |  | — |  |  | 8,238 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
|  | Gross Loans Held for Investment by Year of Origination as of December 31, 2025
|  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior to 2021 |  | Revolving Loans |  | Revolving loans to term loans |  | Total Loans
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | 1,746 |  |  | 3,209 |  |  | 1,992 |  |  | 1,288 |  |  | 3,640 |  |  | — |  |  | — |  |  | 11,875 |
Pass/Watch |  | 145,286 |  |  | 124,273 |  |  | 303,120 |  |  | 365,323 |  |  | 287,067 |  |  | 737,380 |  |  | — |  |  | — |  |  | 1,962,449 |
Total Residential |  | $ | 145,286 |  |  | 126,019 |  |  | 306,329 |  |  | 367,315 |  |  | 288,355 |  |  | 741,020 |  |  | — |  |  | — |  |  | 1,974,324 |
Total Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 6,013 |  |  | — |  |  | 16,992 |  |  | 49,454 |  |  | 48,069 |  |  | 35,816 |  |  | 503 |  |  | — |  |  | 156,847 |
Substandard |  | 9,869 |  |  | 1,746 |  |  | 2,320 |  |  | 1,881 |  |  | 22,076 |  |  | 103,499 |  |  | 748 |  |  | — |  |  | 142,139 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 15,882 |  |  | 1,746 |  |  | 19,312 |  |  | 51,335 |  |  | 70,145 |  |  | 139,315 |  |  | 1,251 |  |  | — |  |  | 298,986 |
Pass/Watch |  | 1,942,041 |  |  | 983,726 |  |  | 1,839,414 |  |  | 2,498,354 |  |  | 1,540,649 |  |  | 4,417,522 |  |  | 171,465 |  |  | 10,408 |  |  | 13,403,579 |
Total Mortgage |  | $ | 1,957,923 |  |  | 985,472 |  |  | 1,858,726 |  |  | 2,549,689 |  |  | 1,610,794 |  |  | 4,556,837 |  |  | 172,716 |  |  | 10,408 |  |  | 13,702,565 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 1,005 |  |  | 423 |  |  | 17,930 |  |  | 63,499 |  |  | 26,067 |  |  | 34,829 |  |  | 20,217 |  |  | 1,916 |  |  | 165,886 |
Substandard |  | 2,381 |  |  | 10,661 |  |  | 10,205 |  |  | 57,554 |  |  | 29,348 |  |  | 35,213 |  |  | 36,631 |  |  | 1,487 |  |  | 183,480 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 3,386 |  |  | 11,084 |  |  | 28,135 |  |  | 121,053 |  |  | 55,415 |  |  | 70,042 |  |  | 56,848 |  |  | 3,403 |  |  | 349,366 |
Pass/Watch |  | 934,987 |  |  | 628,374 |  |  | 305,811 |  |  | 526,728 |  |  | 304,459 |  |  | 971,734 |  |  | 1,121,228 |  |  | 57,830 |  |  | 4,851,151 |
Total Commercial |  | $ | 938,373 |  |  | 639,458 |  |  | 333,946 |  |  | 647,781 |  |  | 359,874 |  |  | 1,041,776 |  |  | 1,178,076 |  |  | 61,233 |  |  | 5,200,517 |
Consumer (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | — |  |  | 20 |  |  | — |  |  | — |  |  | 7 |  |  | 806 |  |  | 23 |  |  | 856 |
Substandard |  | — |  |  | 125 |  |  | 81 |  |  | 219 |  |  | — |  |  | 310 |  |  | 828 |  |  | 46 |  |  | 1,609 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | 125 |  |  | 101 |  |  | 219 |  |  | — |  |  | 317 |  |  | 1,634 |  |  | 69 |  |  | 2,465 |
Pass/Watch |  | 31,702 |  |  | 26,282 |  |  | 32,156 |  |  | 45,444 |  |  | 31,271 |  |  | 87,759 |  |  | 338,858 |  |  | 16,494 |  |  | 609,966 |
Total Consumer |  | $ | 31,702 |  |  | 26,407 |  |  | 32,257 |  |  | 45,663 |  |  | 31,271 |  |  | 88,076 |  |  | 340,492 |  |  | 16,563 |  |  | 612,431 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 7,018 |  |  | 423 |  |  | 34,942 |  |  | 112,953 |  |  | 74,136 |  |  | 70,652 |  |  | 21,526 |  |  | 1,939 |  |  | 323,589 |
Substandard |  | 12,250 |  |  | 12,532 |  |  | 12,606 |  |  | 59,654 |  |  | 51,424 |  |  | 139,022 |  |  | 38,207 |  |  | 1,533 |  |  | 327,228 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 19,268 |  |  | 12,955 |  |  | 47,548 |  |  | 172,607 |  |  | 125,560 |  |  | 209,674 |  |  | 59,733 |  |  | 3,472 |  |  | 650,817 |
Pass/Watch |  | 2,908,730 |  |  | 1,638,382 |  |  | 2,177,381 |  |  | 3,070,526 |  |  | 1,876,379 |  |  | 5,477,015 |  |  | 1,631,551 |  |  | 84,732 |  |  | 18,864,696 |
Total Loans |  | $ | 2,927,998 |  |  | 1,651,337 |  |  | 2,224,929 |  |  | 3,243,133 |  |  | 2,001,939 |  |  | 5,686,689 |  |  | 1,691,284 |  |  | 88,204 |  |  | 19,515,513 |
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.
|  | Gross Loans Held for Investment by Year of Origination as of December 31, 2024
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior to 2020 |  | Revolving Loans |  | Revolving loans to term loans |  | Total Loans
Commercial Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 262 |  |  | 4,377 |  |  | 10,150 |  |  | 9,127 |  |  | 14,569 |  |  | 69,525 |  |  | 4,461 |  |  | — |  |  | 112,471 |
Substandard |  | 3,044 |  |  | 73 |  |  | 10,952 |  |  | — |  |  | 21,051 |  |  | 50,870 |  |  | — |  |  | — |  |  | 85,990 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 3,306 |  |  | 4,450 |  |  | 21,102 |  |  | 9,127 |  |  | 35,620 |  |  | 120,395 |  |  | 4,461 |  |  | — |  |  | 198,461 |
Pass/Watch |  | 417,991 |  |  | 904,924 |  |  | 1,623,911 |  |  | 997,658 |  |  | 884,295 |  |  | 2,063,646 |  |  | 126,297 |  |  | 10,895 |  |  | 7,029,617 |
Total Commercial Mortgage |  | $ | 421,297 |  |  | 909,374 |  |  | 1,645,013 |  |  | 1,006,785 |  |  | 919,915 |  |  | 2,184,041 |  |  | 130,758 |  |  | 10,895 |  |  | 7,228,078 |
Multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,472 |  |  | — |  |  | — |  |  | 16,472 |
Substandard |  | — |  |  | 1,560 |  |  | — |  |  | 1,043 |  |  | — |  |  | 5,439 |  |  | — |  |  | — |  |  | 8,042 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | 1,560 |  |  | — |  |  | 1,043 |  |  | — |  |  | 21,911 |  |  | — |  |  | — |  |  | 24,514 |
Pass/Watch |  | 363,254 |  |  | 478,184 |  |  | 701,811 |  |  | 460,979 |  |  | 460,161 |  |  | 882,291 |  |  | 10,181 |  |  | 1,558 |  |  | 3,358,419 |
Total Multi-Family |  | $ | 363,254 |  |  | 479,744 |  |  | 701,811 |  |  | 462,022 |  |  | 460,161 |  |  | 904,202 |  |  | 10,181 |  |  | 1,558 |  |  | 3,382,933 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | 1,064 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,064 |
Substandard |  | — |  |  | — |  |  | — |  |  | 12,346 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,346 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | 1,064 |  |  | — |  |  | 12,346 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,410 |
Pass/Watch |  | 104,009 |  |  | 309,034 |  |  | 260,190 |  |  | 110,100 |  |  | 24,017 |  |  | 2,743 |  |  | — |  |  | — |  |  | 810,093 |
Total Construction |  | $ | 104,009 |  |  | 310,098 |  |  | 260,190 |  |  | 122,446 |  |  | 24,017 |  |  | 2,743 |  |  | — |  |  | — |  |  | 823,503 |
Residential (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 403 |  |  | 1,356 |  |  | 344 |  |  | — |  |  | — |  |  | 2,836 |  |  | — |  |  | — |  |  | 4,939 |
Substandard |  | — |  |  | 764 |  |  | 689 |  |  | 1,119 |  |  | — |  |  | 1,963 |  |  | — |  |  | — |  |  | 4,535 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 403 |  |  | 2,120 |  |  | 1,033 |  |  | 1,119 |  |  | — |  |  | 4,799 |  |  | — |  |  | — |  |  | 9,474 |
Pass/Watch |  | 140,382 |  |  | 348,493 |  |  | 428,269 |  |  | 333,150 |  |  | 276,703 |  |  | 474,166 |  |  | — |  |  | — |  |  | 2,001,163 |
Total Residential |  | $ | 140,785 |  |  | 350,613 |  |  | 429,302 |  |  | 334,269 |  |  | 276,703 |  |  | 478,965 |  |  | — |  |  | — |  |  | 2,010,637 |
Total Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Gross Loans Held for Investment by Year of Origination as of December 31, 2024
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior to 2020 |  | Revolving Loans |  | Revolving loans to term loans |  | Total Loans
Special mention |  | $ | 665 |  |  | 6,797 |  |  | 10,494 |  |  | 9,127 |  |  | 14,569 |  |  | 88,833 |  |  | 4,461 |  |  | — |  |  | 134,946 |
Substandard |  | 3,044 |  |  | 2,397 |  |  | 11,641 |  |  | 14,508 |  |  | 21,051 |  |  | 58,272 |  |  | — |  |  | — |  |  | 110,913 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 3,709 |  |  | 9,194 |  |  | 22,135 |  |  | 23,635 |  |  | 35,620 |  |  | 147,105 |  |  | 4,461 |  |  | — |  |  | 245,859 |
Pass/Watch |  | 1,025,636 |  |  | 2,040,635 |  |  | 3,014,181 |  |  | 1,901,887 |  |  | 1,645,176 |  |  | 3,422,846 |  |  | 136,478 |  |  | 12,453 |  |  | 13,199,292 |
Total Mortgage |  | $ | 1,029,345 |  |  | 2,049,829 |  |  | 3,036,316 |  |  | 1,925,522 |  |  | 1,680,796 |  |  | 3,569,951 |  |  | 140,939 |  |  | 12,453 |  |  | 13,445,151 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 298 |  |  | 2,612 |  |  | 3,084 |  |  | 5,804 |  |  | 9,493 |  |  | 26,924 |  |  | 20,030 |  |  | 4,761 |  |  | 73,006 |
Substandard |  | 6,887 |  |  | 5,023 |  |  | 62,028 |  |  | 28,208 |  |  | 23,130 |  |  | 21,170 |  |  | 31,787 |  |  | 1,746 |  |  | 179,979 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 7,185 |  |  | 7,635 |  |  | 65,112 |  |  | 34,012 |  |  | 32,623 |  |  | 48,094 |  |  | 51,817 |  |  | 6,507 |  |  | 252,985 |
Pass/Watch |  | 747,299 |  |  | 427,445 |  |  | 697,899 |  |  | 390,770 |  |  | 256,421 |  |  | 678,154 |  |  | 1,089,408 |  |  | 68,219 |  |  | 4,355,615 |
Total Commercial |  | $ | 754,484 |  |  | 435,080 |  |  | 763,011 |  |  | 424,782 |  |  | 289,044 |  |  | 726,248 |  |  | 1,141,225 |  |  | 74,726 |  |  | 4,608,600 |
Consumer (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | — |  |  | — |  |  | 3 |  |  | — |  |  | 124 |  |  | 109 |  |  | 725 |  |  | — |  |  | 961 |
Substandard |  | — |  |  | 95 |  |  | — |  |  | 9 |  |  | — |  |  | 321 |  |  | 950 |  |  | — |  |  | 1,375 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | — |  |  | 95 |  |  | 3 |  |  | 9 |  |  | 124 |  |  | 430 |  |  | 1,675 |  |  | — |  |  | 2,336 |
Pass/Watch |  | 31,975 |  |  | 45,605 |  |  | 59,669 |  |  | 40,080 |  |  | 9,433 |  |  | 83,728 |  |  | 327,107 |  |  | 13,886 |  |  | 611,483 |
Total Consumer |  | $ | 31,975 |  |  | 45,700 |  |  | 59,672 |  |  | 40,089 |  |  | 9,557 |  |  | 84,158 |  |  | 328,782 |  |  | 13,886 |  |  | 613,819 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Special mention |  | $ | 963 |  |  | 9,409 |  |  | 13,581 |  |  | 14,931 |  |  | 24,186 |  |  | 115,866 |  |  | 25,216 |  |  | 4,761 |  |  | 208,913 |
Substandard |  | 9,931 |  |  | 7,515 |  |  | 73,669 |  |  | 42,725 |  |  | 44,181 |  |  | 79,763 |  |  | 32,737 |  |  | 1,746 |  |  | 292,267 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total criticized and classified |  | 10,894 |  |  | 16,924 |  |  | 87,250 |  |  | 57,656 |  |  | 68,367 |  |  | 195,629 |  |  | 57,953 |  |  | 6,507 |  |  | 501,180 |
Pass/Watch |  | 1,804,910 |  |  | 2,513,685 |  |  | 3,771,749 |  |  | 2,332,737 |  |  | 1,911,030 |  |  | 4,184,728 |  |  | 1,552,993 |  |  | 94,558 |  |  | 18,166,390 |
Total Loans |  | $ | 1,815,804 |  |  | 2,530,609 |  |  | 3,858,999 |  |  | 2,390,393 |  |  | 1,979,397 |  |  | 4,380,357 |  |  | 1,610,946 |  |  | 101,065 |  |  | 18,667,570 |
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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