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Loans | 12 Months Ended
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Dec. 31, 2024
Loans [Abstract] |
Loans | 5. Loans A summary of loans, net of deferred fees and origination costs, by category is as follows:
|  | At December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Commercial & industrial |  | $ | 1,426,482 |  |  | $ | 1,354,248 |
Commercial real estate |  |  | 3,876,698 |  |  |  | 3,626,910 |
Residential real estate |  |  | 2,142,249 |  |  |  | 2,125,804 |
Home equity |  |  | 334,268 |  |  |  | 337,214 |
Indirect auto |  |  | 1,273,253 |  |  |  | 1,130,132 |
Residential solar |  |  | 820,079 |  |  |  | 917,755 |
Other consumer |  |  | 96,881 |  |  |  | 158,650 |
Total loans |  | $ | 9,969,910 |  |  | $ | 9,650,713 |
Included in the above loans are net deferred loan origination (fees) costs totaling $(64.7) million and $(98.2) million at December 31, 2024 and 2023, respectively. The Company had $2.4 million and $0.4 million of residential real estate loans held for sale as of December 31, 2024 and 2023, respectively. The Company had $7.3 million and $2.9 million of residential solar loans held for sale as of December 31, 2024 and 2023, respectively. The total amount of loans serviced by the Company for unrelated third parties was $982.5 million and $856.9 million at December 31, 2024 and 2023, respectively. At December 31, 2024 and 2023, the Company had $0.9 million and $1.0 million, respectively, of mortgage servicing rights. At December 31, 2024 and 2023, the Company serviced $24.7 million and $26.4 million, respectively, of agricultural loans sold with recourse. Due to sufficient collateral on these loans and government guarantees, no reserve is considered necessary at December 31, 2024 and 2023. FHLB advances are collateralized by a blanket lien on the Company’s residential real estate mortgages. In the ordinary course of business, the Company has made loans at prevailing rates and terms to directors, officers and other related parties. Such loans, in management’s opinion, do not present more than the normal risk of collectability or incorporate other unfavorable features. The aggregate amount of loans outstanding to qualifying related parties and changes during the years are summarized as follows:
(In thousands) |  | 2024 |  |  | 2023 |
Balance at January 1 |  | $ | 1,087 |  |  | $ | 2,516 |
New loans |  |  | 412 |  |  |  | 705 |
Repayments |  |  | (501 | ) |  |  | (2,134 | )
Balance at December 31 |  | $ | 998 |  |  | $ | 1,087 |

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- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + 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 + Details
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