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PORTFOLIO LOANS
 9 Months Ended
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
PORTFOLIO LOANS
NOTE 4. PORTFOLIO LOANS
Loan Categories
Busey’s lending can be summarized in two primary categories: commercial and retail. Loans within these categories are further classified by lending activity: C&I and other commercial, commercial real estate, real estate construction, retail real estate, and retail other. Distributions of the loan portfolio by loan category and activity is presented in the following table (dollars in thousands):
As of
September 30,
2024		December 31,
2023
Commercial loans
C&I and other commercial$1,877,497 $1,835,994 
Commercial real estate3,355,807 3,337,337 
Real estate construction397,977 461,717 
Total commercial loans5,631,281 5,635,048 
Retail loans
Retail real estate1,708,771 1,720,455 
Retail other469,045 295,531 
Total retail loans2,177,816 2,015,986 
Total portfolio loans7,809,097 7,651,034 
ACL(84,981)(91,740)
Portfolio loans, net$7,724,116 $7,559,294 
Net deferred loan origination costs included in the balances above were $12.0 million as of September 30, 2024, compared to $13.5 million as of December 31, 2023. Net accretable purchase accounting adjustments included in the balances above reduced loans by $9.7 million as of September 30, 2024, and $4.5 million as of December 31, 2023.
Busey did not purchase any retail real estate loans during the three months ended September 30, 2024, and elected to purchase $6.9 million of retail real estate loans during the nine months ended September 30, 2024. Busey did not purchase any retail real estate loans during the corresponding periods of 2023.
Pledged Loans
The principal balance of loans Busey has pledged as collateral to the FHLB and Federal Reserve Bank for liquidity as set forth in the table below (dollars in thousands):
As of
September 30,
2024		December 31,
2023
Pledged loans
FHLB$4,935,257 $4,865,481 
Federal Reserve Bank755,936 722,914 
Total pledged loans$5,691,193 $5,588,395 
Risk Grading
Busey utilizes a loan grading scale to assign a risk grade to all of its loans. A description of the general characteristics of each grade is as follows:
•Pass – This category includes loans that are all considered acceptable credits, ranging from investment or near investment grade, to loans made to borrowers who exhibit credit fundamentals that meet or exceed industry standards.
•Watch – This category includes loans that warrant a higher-than-average level of monitoring to ensure that weaknesses do not cause the inability of the credit to perform as expected. These loans are not necessarily a problem due to other inherent strengths of the credit, such as guarantor strength, but have above average concern and monitoring.
•Special mention – This category is for “Other Assets Specially Mentioned” loans that have potential weaknesses, which may, if not checked or corrected, weaken the asset or inadequately protect Busey’s credit position at some future date.
•Substandard – This category includes “Substandard” loans, determined in accordance with regulatory guidelines, for which the accrual of interest has not been stopped. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that Busey will sustain some loss if the deficiencies are not corrected.
•Substandard non-accrual – This category includes loans that have all the characteristics of a “Substandard” loan with additional factors that make collection in full highly questionable and improbable. Such loans are placed on non-accrual status and may be dependent on collateral with a value that is difficult to determine.
All loans are graded at their inception. Commercial lending relationships that are $1.0 million or less are usually processed through an expedited underwriting process. Most commercial loans greater than $1.0 million are included in a portfolio review at least annually. Commercial loans greater than $0.35 million that have a grading of special mention or worse are typically reviewed on a quarterly basis. Interim reviews may take place if circumstances of the borrower warrant a more frequent review.
The following table is a summary of risk grades of our portfolio loans, segregated by loan category and lending activity (dollars in thousands):
As of September 30, 2024
PassWatchSpecial
Mention		SubstandardSubstandard
Non-accrual		Total
Commercial loans
C&I and other commercial$1,535,598 $257,892 $38,374 $41,291 $4,342 $1,877,497 
Commercial real estate2,814,481 454,016 55,178 31,582 550 3,355,807 
Real estate construction356,722 27,637 8,368 5,250 — 397,977 
Total commercial loans4,706,801 739,545 101,920 78,123 4,892 5,631,281 
Retail loans
Retail real estate1,692,828 9,378 872 2,581 3,112 1,708,771 
Retail other468,857 — — — 188 469,045 
Total retail loans2,161,685 9,378 872 2,581 3,300 2,177,816 
Total portfolio loans$6,868,486 $748,923 $102,792 $80,704 $8,192 $7,809,097 
As of December 31, 2023
PassWatchSpecial
Mention		SubstandardSubstandard
Non-accrual		Total
Commercial loans
C&I and other commercial$1,462,755 $296,416 $46,488 $27,733 $2,602 $1,835,994 
Commercial real estate2,827,030 431,427 48,545 29,492 843 3,337,337 
Real estate construction448,011 8,135 — 5,327 244 461,717 
Total commercial loans4,737,796 735,978 95,033 62,552 3,689 5,635,048 
Retail loans
Retail real estate1,702,897 11,144 1,024 1,795 3,595 1,720,455 
Retail other295,374 — — — 157 295,531 
Total retail loans1,998,271 11,144 1,024 1,795 3,752 2,015,986 
Total portfolio loans$6,736,067 $747,122 $96,057 $64,347 $7,441 $7,651,034 
Risk grades of portfolio loans and gross charge-offs are presented in the tables below by lending activity, further sorted by origination year (dollars in thousands):
As of and For The Nine Months Ended September 30, 2024
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans		Total
Risk Grade Ratings20242023202220212020Prior
C&I and other commercial
Pass$168,607 $223,091 $177,527 $135,226 $78,049 $132,258 $620,840 $1,535,598 
Watch36,362 34,787 48,383 18,543 2,021 28,452 89,344 257,892 
Special Mention1,574 2,431 6,417 2,897 315 2,648 22,092 38,374 
Substandard15,561 7,227 894 713 406 2,495 13,995 41,291 
Substandard non-accrual76 72 484 — 45 1,368 2,297 4,342 
Total commercial222,180 267,608 233,705 157,379 80,836 167,221 748,568 1,877,497 
Gross charge-offs$— $14,980 $128 $22 $— $303 $— $15,433 
Commercial real estate
Pass211,288 373,175 819,235 651,901 370,205 365,236 23,441 2,814,481 
Watch97,909 142,283 54,179 93,691 28,618 36,417 919 454,016 
Special Mention27,889 1,435 8,085 1,796 8,958 7,007 8 55,178 
Substandard19,829 2,068 4,667 51 131 4,786 50 31,582 
Substandard non-accrual— 40 — — 18 492 — 550 
Total commercial real estate356,915 519,001 886,166 747,439 407,930 413,938 24,418 3,355,807 
Gross charge-offs— — — — — 315 — 315 
Real estate construction
Pass156,726 120,079 14,450 54,133 2,344 1,192 7,798 356,722 
Watch1,686 6,471 — 19,480 — — — 27,637 
Special Mention— 8,306 — 62 — — — 8,368 
Substandard5,250 — — — — — — 5,250 
Substandard non-accrual— — — — — — — — 
Total real estate construction163,662 134,856 14,450 73,675 2,344 1,192 7,798 397,977 
Gross charge-offs— — — — — — — — 
Retail real estate
Pass66,952 244,309 374,402 363,006 150,835 283,136 210,188 1,692,828 
Watch804 634 2,780 3,419 891 130 720 9,378 
Special Mention150 — 347 — — 375 — 872 
Substandard— 254 1,028 509 — 786 4 2,581 
Substandard non-accrual— — 159 92 241 1,732 888 3,112 
Total retail real estate67,906 245,197 378,716 367,026 151,967 286,159 211,800 1,708,771 
Gross charge-offs— — — — — 159 — 159 
Retail other
Pass4,455 65,336 66,707 15,016 3,559 1,198 312,586 468,857 
Watch— — — — — — — — 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Substandard non-accrual— 110 67 — — 11 — 188 
Total retail other4,455 65,446 66,774 15,016 3,559 1,209 312,586 469,045 
Gross charge-offs7 30 88 72 4 302 — 503 
Total portfolio loans$815,118 $1,232,108 $1,579,811 $1,360,535 $646,636 $869,719 $1,305,170 $7,809,097 
Total gross charge-offs$7 $15,010 $216 $94 $4 $1,079 $— $16,410 
As of and For The Year Ended December 31, 2023
Term Loans Amortized Cost Basis by Origination YearRevolving
Loans		Total
Risk Grade Ratings20232022202120202019Prior
C&I and other commercial
Pass$306,578 $220,847 $159,130 $71,025 $35,927 $143,078 $526,170 $1,462,755 
Watch78,603 65,703 21,421 23,919 7,035 21,293 78,442 296,416 
Special Mention792 8,224 2,917 1,076 686 3,274 29,519 46,488 
Substandard8,715 765 942 426 3,734 1,859 11,292 27,733 
Substandard non-accrual166 — 117 84 128 407 1,700 2,602 
Total commercial394,854 295,539 184,527 96,530 47,510 169,911 647,123 1,835,994 
Gross charge-offs$284 $— $420 $— $316 $1,409 $— $2,429 
 
Commercial real estate
Pass395,644 824,506 720,052 399,195 271,078 199,662 16,893 2,827,030 
Watch166,795 47,070 92,848 34,010 68,196 19,396 3,112 431,427 
Special Mention14,313 10,507 12,446 4,968 3,297 3,014 — 48,545 
Substandard1,796 188 18,862 2,938 1,802 3,856 50 29,492 
Substandard non-accrual47 79 85 23 — 609 — 843 
Total commercial real estate578,595 882,350 844,293 441,134 344,373 226,537 20,055 3,337,337 
Gross charge-offs— — — — — 953 — 953 
 
Real estate construction
Pass204,952 128,462 85,086 2,616 1,323 2,934 22,638 448,011 
Watch2,859 4,406 507 322 41 — — 8,135 
Substandard5,327 — — — — — — 5,327 
Substandard non-accrual— — — — — 244 — 244 
Total real estate construction213,138 132,868 85,593 2,938 1,364 3,178 22,638 461,717 
Gross charge-offs— — — — — — — — 
 
Retail real estate
Pass243,400 376,922 411,723 156,762 70,099 256,571 187,420 1,702,897 
Watch1,096 4,137 2,442 954 536 234 1,745 11,144 
Special Mention286 358 — — — 380 — 1,024 
Substandard69 72 292 49 80 997 236 1,795 
Substandard non-accrual— 528 121 267 100 1,960 619 3,595 
Total retail real estate244,851 382,017 414,578 158,032 70,815 260,142 190,020 1,720,455 
Gross charge-offs— 5 — 29 72 301 — 407 
 
Retail other
Pass88,885 92,931 23,019 6,701 4,597 854 78,387 295,374 
Substandard non-accrual— 93 62 — — 2 — 157 
Total retail other88,885 93,024 23,081 6,701 4,597 856 78,387 295,531 
Gross charge-offs5 71 172 5 3 373 — 629 
 
Total portfolio loans$1,520,323 $1,785,798 $1,552,072 $705,335 $468,659 $660,624 $958,223 $7,651,034 
Total gross charge-offs$289 $76 $592 $34 $391 $3,036 $— $4,418 
Past Due and Non-accrual Loans
An analysis of the amortized cost basis of portfolio loans that were past due and still accruing, or on a non-accrual status, is presented in the table below (dollars in thousands):
As of September 30, 2024
Loans past due, still accruingNon-accrual
Loans
30-59 Days60-89 Days90+Days
Commercial loans
C&I and other commercial$1,579 $— $— $4,342 
Commercial real estate1,286 10 — 550 
Real estate construction23 — — — 
Past due and non-accrual commercial loans2,888 10 — 4,892 
Retail loans
Retail real estate4,423 620 25 3,112 
Retail other2,120 80 — 188 
Past due and non-accrual retail loans6,543 700 25 3,300 
Total past due and non-accrual loans$9,431 $710 $25 $8,192 
As of December 31, 2023
Loans past due, still accruingNon-accrual
Loans
30-59 Days60-89 Days90+Days
Commercial loans
C&I and other commercial$— $214 $— $2,602 
Commercial real estate752 — — 843 
Real estate construction24 — — 244 
Past due and non-accrual commercial loans776 214 — 3,689 
Retail loans
Retail real estate2,781 927 366 3,595 
Retail other886 195 9 157 
Past due and non-accrual retail loans3,667 1,122 375 3,752 
Total past due and non-accrual loans$4,443 $1,336 $375 $7,441 
Gross interest income recorded on 90+ days past due loans, and that would have been recorded on non-accrual loans if they had been accruing interest in accordance with their original terms, was $0.1 million and $0.6 million for the three and nine months ended September 30, 2024, respectively, and was $0.2 million and $0.9 million for the three and nine months ended September 30, 2023, respectively. The amount of interest collected on those loans and recognized on a cash basis that was included in interest income was immaterial for the three and nine months ended September 30, 2024 and 2023.
Loan Modifications for Borrowers Experiencing Financial Difficulty
The following tables present the amortized cost basis of loans that were modified—specifically in the form of (1) principal forgiveness, (2) an interest rate reduction, (3) an other-than-insignificant payment deferral, and/or (4) a term extension—for borrowers experiencing financial difficulty during the periods indicated, disaggregated by lending activity and the type of modification (dollars in thousands):
Three Months Ended September 30, 2024
Payment Deferral
% of Total Class of Financing Receivable1
Term Extension2
% of Total Class of Financing Receivable
Modified Loans
C&I and other commercial
$325 — %$14,537 0.8 %
Commercial real estate
— — %18,448 0.5 %
Real estate construction
— — %5,250 1.3 %
Total of loans modified during the period3
$325 — %$38,235 0.5 %
___________________________________________
1.Modified loans represent an insignificant portion of C&I and other commercial loans, rounding to zero percent.
2.Modifications to extend loan terms also included, in some cases, interest rate increases during the extension period.
3.All modifications were for loans classified as substandard.
Three Months Ended September 30, 2023
Interest Rate Reduction1
% of Total Class of Financing Receivable2
Term Extension3
% of Total Class of Financing Receivable2
Modified Loans
C&I and other commercial$— — %$12,026 0.6 %
Commercial real estate880 — %553 — %
Total of loans modified during the period4
$880 — %$12,579 0.2 %
___________________________________________
1.For one loan, the default rate was removed once forbearance was entered.
2.Modified loans represented an insignificant portion of commercial real estate loans, rounding to zero percent.
3.Modifications to extend loan terms also included, in some cases, interest rate increases during the extension period.
4.All modifications were for loans classified as substandard.
Nine Months Ended September 30, 2024
Payment Deferral1
% of Total Class of Financing Receivable2
Term Extension1
% of Total Class of Financing Receivable
Modified Loans
C&I and other commercial
$325 — %$28,073 1.5 %
Commercial real estate
— — %19,782 0.6 %
Real estate construction
— — %5,250 1.3 %
Total of loans modified during the period3
$325 — %$53,105 0.7 %
___________________________________________
1.Modifications to extend loan terms also included, in some cases, interest rate increases during the extension period.
2.Modified loans represent an insignificant portion of C&I and other commercial loans, rounding to zero percent.
3.All modifications were for loans classified as substandard.
Nine Months Ended September 30, 2023
Interest Rate Reduction1
% of Total Class of Financing Receivable2
Payment Deferral3
% of Total Class of Financing Receivable2
Term Extension4
% of Total Class of Financing Receivable2
Modified Loans
C&I and other commercial$— — %$— — %$17,334 0.9 %
Commercial real estate880 — %225 — %1,003 — %
Real estate construction— — %— — %5,353 1.0 %
Total of loans modified during the period5
$880 — %$225 — %$23,690 0.3 %
___________________________________________
1.For one loan, the default rate was removed once forbearance was entered.
2.Modified loans represented an insignificant portion of commercial real estate loans, rounding to zero percent.
3.A loan with payment deferral was modified to defer all principal payments until the end of the loan term, which was shortened.
4.Modifications to extend loan terms also included, in some cases, interest rate increases during the extension period.
5.Modifications included two loans on non-accrual status, and the remaining loans were classified as substandard.
The following table summarizes loan modifications made during the periods indicated for borrowers experiencing financial difficulty:
Three Months Ended September 30,
20242023
Weighted Average Term ExtensionWeighted Average Interest Rate ReductionWeighted Average Term Extension
Loan Modifications
C&I and other commercial
6.3 months
— 
15.3 months
Commercial real estate
4.1 months
2.50 %
9.0 months
Real estate construction
6.0 months
— 
—
Weighted average modifications
5.2 months
2.50 %
15.0 months
Nine Months Ended September 30,
20242023
Weighted Average Term ExtensionWeighted Average Interest Rate ReductionWeighted Average Term Extension
Loan Modifications
C&I and other commercial
14.1 months
— 
14.3 months
Commercial real estate
3.9 months
2.50 %
11.2 months
Real estate construction
6.0 months
— 
12.0 months
Weighted average modifications
9.5 months
2.50 %
13.7 months
Performance of Modified Loans
Busey closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the payment performance of loans modified during the last twelve months (dollars in thousands):
As of September 30, 2024
Current30-89 Days90+ DaysNon-accrual
Modified Loans
C&I and other commercial$29,547 $— $— $— 
Commercial real estate20,082 — — — 
Real estate construction5,250 — — — 
Amortized cost of modified loans$54,879 $— $— $— 
No loans had a payment default during the three months ended September 30, 2023, or during the three or nine months ended September 30, 2024, after having been modified during the 12 months before that default for borrowers experiencing financial difficulty. The following table provides the amortized cost basis of loans that had a payment default during the nine months ended September 30, 2023, after having been modified during the 12 months before default for borrowers experiencing financial difficulty (dollars in thousands). A default occurs when a loan is 90 days or more past due or transferred to non-accrual status.
Nine Months Ended September 30, 2023
2023
Payment DeferralTerm Extension
Loans with Subsequent Defaults
C&I and other commercial$— $500 
Commercial real estate225 — 
Amortized cost of modified loans with subsequent defaults$225 $500 
Collateral Dependent Loans
Management's evaluation as to the ultimate collectability of loans includes estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers. Collateral dependent loans are loans in which repayment is expected to be provided solely by the operation or sale of the underlying collateral and there are no other available and reliable sources of repayment. Loans are written down to the lower of cost or fair value of the underlying collateral, less estimated costs to sell. Busey had $5.2 million and $6.1 million of collateral dependent loans secured by real estate or business assets as of September 30, 2024, and December 31, 2023, respectively.
Foreclosures
As of September 30, 2024, Busey had $0.8 million of residential real estate loans in the process of foreclosure. Busey follows Federal Housing Finance Agency guidelines on single-family foreclosures and real estate owned evictions on portfolio loans.
Loans Evaluated Individually
Busey evaluates loans with disparate risk characteristics on an individual basis. The following tables provide details of loans evaluated individually, segregated by loan category and lending activity. The unpaid principal balance represents customer outstanding contractual principal balances excluding any partial charge-offs. Recorded investment represents the amortized cost of customer balances net of any partial charge-offs recognized on the loan. Average recorded investment is calculated using the most recent four quarters (dollars in thousands):
As of September 30, 2024
Unpaid
Principal
Balance		Recorded InvestmentAverage
Recorded
Investment
With No
Allowance		With
Allowance		TotalRelated
Allowance
Loans evaluated individually
Commercial loans
C&I and other commercial$7,821 $1,758 $2,479 $4,237 $1,863 $5,379 
Commercial real estate516 492 — 492 — 1,163 
Commercial loans evaluated individually8,337 2,250 2,479 4,729 1,863 6,542 
Retail loans
Retail real estate— — — — — 67 
Retail loans evaluated individually— — — — — 67 
Total loans evaluated individually$8,337 $2,250 $2,479 $4,729 $1,863 $6,609 
As of December 31, 2023
Unpaid
Principal
Balance		Recorded InvestmentAverage
Recorded
Investment
With No
Allowance		With
Allowance		TotalRelated
Allowance
Commercial loans
C&I and other commercial$7,283 $585 $1,785 $2,370 $785 $5,244 
Commercial real estate2,600 610 85 695 85 3,865 
Real estate construction— — — — — 49 
Commercial loans evaluated individually9,883 1,195 1,870 3,065 870 9,158 
Retail loans
Retail real estate213 61 25 86 25 790 
Retail loans evaluated individually213 61 25 86 25 790 
Total loans evaluated individually$10,096 $1,256 $1,895 $3,151 $895 $9,948 
Allowance for Credit Losses
The ACL is a valuation account that is deducted from the portfolio loans’ amortized cost bases to present the net amount expected to be collected on the portfolio loans. The ACL is established through the provision for credit losses charged to income. Portfolio loans are charged off against the ACL when management believes the uncollectibility of a loan balance is confirmed. Recoveries are recognized up to the aggregate amount of previously charged-off balances.
Management estimates the ACL balance using relevant available information from internal and external sources relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. The cumulative loss rate used as the basis for the estimate of credit losses is comprised of Busey’s historical loss experience beginning in 2010. Due to the continued economic uncertainty in the markets in which the Company operates, Busey will continue to utilize a forecast period of 12 months with an immediate reversion to historical loss rates beyond this forecast period in its ACL estimate.
The following tables summarize activity in the ACL attributable to each lending activity. Allocation of a portion of the ACL to one lending activity does not preclude its availability to absorb losses from other lending activities (dollars in thousands):
Three Months Ended September 30, 2024
C&I and Other CommercialCommercial
Real Estate		Real Estate
Construction		Retail
Real Estate		Retail OtherTotal
ACL balance, June 30, 2024$20,286 $35,104 $3,722 $23,729 $2,385 $85,226 
Provision for credit losses715 (1,158)39 120 286 2 
Charged-off(202)(215)— (32)(225)(674)
Recoveries210 4 10 162 41 427 
ACL balance, September 30, 2024$21,009 $33,735 $3,771 $23,979 $2,487 $84,981 
Nine Months Ended September 30, 2024
C&I and Other CommercialCommercial
Real Estate		Real Estate
Construction		Retail
Real Estate		Retail OtherTotal
ACL balance, December 31, 2023$21,256 $35,465 $5,163 $26,298 $3,558 $91,740 
Day 1 PCD1
824 322 — 96 1 1,243 
Provision for credit losses13,958 (1,882)(1,449)(2,624)(686)7,317 
Charged-off(15,433)(315)— (159)(503)(16,410)
Recoveries404 145 57 368 117 1,091 
ACL balance, September 30, 2024$21,009 $33,735 $3,771 $23,979 $2,487 $84,981 
___________________________________________
1.The Day 1 PCD is attributable to the M&M acquisition (see “Note 2. Mergers and Acquisitions.”)
Three Months Ended September 30, 2023
C&I and Other CommercialCommercial
Real Estate		Real Estate
Construction		Retail
Real Estate		Retail OtherTotal
ACL balance, June 30, 2023$24,510 $33,656 $5,071 $24,675 $3,727 $91,639 
Provision for credit losses(1,306)745 104 674 147 364 
Charged-off(758)(102)— (144)(111)(1,115)
Recoveries187 392 31 128 84 822 
ACL balance, September 30, 2023$22,633 $34,691 $5,206 $25,333 $3,847 $91,710 
Nine Months Ended September 30, 2023
C&I and Other CommercialCommercial
Real Estate		Real Estate
Construction		Retail
Real Estate		Retail OtherTotal
ACL balance, December 31, 2022$23,860 $38,299 $6,457 $18,193 $4,799 $91,608 
Provision for credit losses79 (3,006)(1,404)6,975 (700)1,944 
Charged-off(1,733)(1,175)— (252)(483)(3,643)
Recoveries427 573 153 417 231 1,801 
ACL balance, September 30, 2023$22,633 $34,691 $5,206 $25,333 $3,847 $91,710 
The following tables present the ACL and amortized cost of portfolio loans by loan category and lending activity (dollars in thousands):
As of September 30, 2024
Portfolio LoansACL Attributed to Portfolio Loans
Collectively
Evaluated for
Impairment		Individually
Evaluated for
Impairment		TotalCollectively
Evaluated for
Impairment		Individually
Evaluated for
Impairment		Total
Commercial loans
C&I and other commercial$1,873,260 $4,237 $1,877,497 $19,146 $1,863 $21,009 
Commercial real estate3,355,315 492 3,355,807 33,735 — 33,735 
Real estate construction397,977 — 397,977 3,771 — 3,771 
Commercial loans and related ACL5,626,552 4,729 5,631,281 56,652 1,863 58,515 
Retail loans
Retail real estate1,708,771 — 1,708,771 23,979 — 23,979 
Retail other469,045 — 469,045 2,487 — 2,487 
Retail loans and related ACL2,177,816 — 2,177,816 26,466 — 26,466 
Portfolio loans and related ACL$7,804,368 $4,729 $7,809,097 $83,118 $1,863 $84,981 
As of December 31, 2023
Portfolio LoansACL Attributed to Portfolio Loans
Collectively
Evaluated for
Impairment		Individually
Evaluated for
Impairment		TotalCollectively
Evaluated for
Impairment		Individually
Evaluated for
Impairment		Total
Commercial loans
C&I and other commercial$1,833,624 $2,370 $1,835,994 $20,471 $785 $21,256 
Commercial real estate3,336,642 695 3,337,337 35,380 85 35,465 
Real estate construction461,717 — 461,717 5,163 — 5,163 
Commercial loans and related ACL5,631,983 3,065 5,635,048 61,014 870 61,884 
Retail loans
Retail real estate1,720,369 86 1,720,455 26,273 25 26,298 
Retail other295,531 — 295,531 3,558 — 3,558 
Retail loans and related ACL2,015,900 86 2,015,986 29,831 25 29,856 
Portfolio loans and related ACL$7,647,883 $3,151 $7,651,034 $90,845 $895 $91,740