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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2024

Credit Loss [Abstract]

Schedule of Loans

The following is a summary of total loans by regulatory call report code with sub-segmentation based on underlying collateral for certain loan types:

(In thousands)						September 30, 2024						December 31, 2023
Construction						$	661,577					$	640,371
Commercial multifamily						663,484						599,145
Commercial real estate owner occupied						769,428						628,646
Commercial real estate non-owner occupied						2,629,198						2,606,409
Commercial and industrial						1,379,968						1,359,249
Residential real estate						2,765,410						2,760,312
Home equity						221,423						224,223
Consumer other						121,834						221,331
Total loans						$	9,212,322					$	9,039,686
Allowance for credit losses						(112,047)						(105,357)
Net loans						$	9,100,275					$	8,934,329

Schedule of Allowance for Credit Losses for Loans, Activity

The Company’s activity in the allowance for credit losses for loans for the three and nine months ended September 30, 2024 and September 30, 2023 was as follows:

(In thousands)						Balance at Beginning of Period																								Charge-offs						Recoveries						Provision/(Benefit) for Credit Losses						Balance at End of Period
Three months ended September 30, 2024
Construction						$	2,776																							$	—					$	—					$	1,175					$	3,951
Commercial multifamily						3,235																								(1,164)						—						1,538						3,609
Commercial real estate owner occupied						10,871																								(22)						95						1,145						12,089
Commercial real estate non-owner occupied						35,843																								(36)						109						1,101						37,017
Commercial and industrial						22,843																								(1,731)						716						1,805						23,633
Residential real estate						22,604																								—						283						(974)						21,913
Home equity						2,094																								—						3						331						2,428
Consumer other						11,901																								(4,138)						265						(621)						7,407
Total allowance for credit losses						$	112,167																							$	(7,091)					$	1,471					$	5,500					$	112,047

(In thousands)						Balance at Beginning of Period																		Adoption of ASU No. 2022-02						Charge-offs						Recoveries						Provision/(Benefit) for Credit Losses						Balance at End of Period
Three months ended September 30, 2023
Construction						$	1,553																	$	—					$	—					$	—					$	1,949					$	3,502
Commercial multifamily						2,066																		—						—						—						339						2,405
Commercial real estate owner occupied						10,343																		—						(25)						116						(979)						9,455
Commercial real estate non-owner occupied						36,322																		—						(1)						20						(3,059)						33,282
Commercial and industrial						18,741																		—						(3,997)						617						3,158						18,519
Residential real estate						18,218																		—						(72)						92						1,766						20,004
Home equity						2,572																		—						(71)						278						(677)						2,102
Consumer other						10,404																		—						(2,578)						192						5,505						13,523
Total allowance for credit losses						$	100,219																	$	—					$	(6,744)					$	1,315					$	8,002					$	102,792

(In thousands)						Balance at Beginning of Period																								Charge-offs						Recoveries						Provision/(Benefit) for Credit Losses						Balance at End of Period
Nine months ended September 30, 2024
Construction						$	2,885																							$	—					$	—					$	1,066					$	3,951
Commercial multifamily						2,475																								(1,164)						—						2,298						3,609
Commercial real estate owner occupied						9,443																								(228)						203						2,671						12,089
Commercial real estate non-owner occupied						38,221																								(36)						215						(1,383)						37,017
Commercial and industrial						18,602																								(5,144)						1,629						8,546						23,633
Residential real estate						19,622																								(45)						842						1,494						21,913
Home equity						2,015																								—						249						164						2,428
Consumer other						12,094																								(9,355)						1,522						3,146						7,407
Total allowance for credit losses						$	105,357																							$	(15,972)					$	4,660					$	18,002					$	112,047

(In thousands)						Balance at Beginning of Period						Adoption of ASU No. 2022-02												Charge-offs						Recoveries						Provision/(benefit) for Credit Losses						Balance at End of Period
Nine months ended September 30, 2023
Construction						$	1,227					$	—											$	(1)					$	—					$	2,276					$	3,502
Commercial multifamily						1,810						—												—						6						589						2,405
Commercial real estate owner occupied						10,739						24												(489)						758						(1,577)						9,455
Commercial real estate non-owner occupied						30,724						—												(1)						195						2,364						33,282
Commercial and industrial						18,743						(23)												(14,625)						1,736						12,688						18,519
Residential real estate						18,666						2												(313)						555						1,094						20,004
Home equity						2,173						—												(88)						437						(420)						2,102
Consumer other						12,188						(404)												(6,848)						580						8,007						13,523
Total allowance for credit losses						$	96,270					$	(401)											$	(22,365)					$	4,267					$	25,021					$	102,792

Schedule of Allowance for Credit Losses on Unfunded Loan Commitments, Activity

The Company’s activity in the allowance for credit losses on unfunded commitments for the three and nine months ended September 30, 2024 and 2023 was as follows:

						Three Months Ended September 30,
(In thousands)						2024						2023
Balance at beginning of period						$	9,256					$	8,687
Expense for credit losses						565						300
Balance at end of period						$	9,821					$	8,987

						Nine Months Ended September 30,
(In thousands)						2024						2023
Balance at beginning of period						$	9,256					$	8,588
Expense for credit losses						565						399
Balance at end of period						$	9,821					$	8,987

Schedule of Loans by Risk Rating

The following table presents the Company’s loans by risk category:

			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total
As of September 30, 2024
Construction
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Risk rating
Pass			$	23,139		$	124,651		$	434,632		$	59,489		$	—		$	1,138		$	—		$	—		$	643,049
Special Mention			—			—			—			—			—			—			—			—			—
Substandard			—			—			—			18,528			—			—			—			—			18,528
Total			$	23,139		$	124,651		$	434,632		$	78,017		$	—		$	1,138		$	—		$	—		$	661,577
Commercial multifamily:
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	1,164		$	—		$	—		$	1,164
Risk rating
Pass			$	81,287		$	18,097		$	203,684		$	69,594		$	38,407		$	244,800		$	506		$	—		$	656,375
Special Mention			—			—			—			—			—			—			—			—			—
Substandard			—			—			—			239			2,497			4,373			—			—			7,109
Total			$	81,287		$	18,097		$	203,684		$	69,833		$	40,904		$	249,173		$	506		$	—		$	663,484
Commercial real estate owner occupied:
Current period gross write-offs			$	—		$	—		$	45		$	57		$	—		$	126		$	—		$	—		$	228
Risk rating
Pass			$	86,777		$	93,390		$	158,857		$	98,990		$	69,022		$	234,095		$	3,373		$	—		$	744,504
Special Mention			1,860			1,383			964			7,129			222			5,052			—			—			16,610
Substandard			—			—			411			772			43			7,088			—			—			8,314
Total			$	88,637		$	94,773		$	160,232		$	106,891		$	69,287		$	246,235		$	3,373		$	—		$	769,428
Commercial real estate non-owner occupied:
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	36		$	—		$	—		$	36
Risk rating
Pass			$	152,463		$	423,575		$	547,513		$	414,539		$	143,949		$	865,768		$	5,810		$	1,500		$	2,555,117
Special Mention			—			—			—			—			223			41,173			—			—			41,396
Substandard			—			—			371			2,804			—			27,254			2,256			—			32,685
Total			$	152,463		$	423,575		$	547,884		$	417,343		$	144,172		$	934,195		$	8,066		$	1,500		$	2,629,198
Commercial and industrial:
Current period gross write-offs			$	—		$	630		$	1,154		$	837		$	106		$	2,417		$	—		$	—		$	5,144
Risk rating
Pass			$	162,483		$	106,993		$	136,689		$	99,758		$	22,783		$	112,678		$	645,314		$	1,110		$	1,287,808
Special Mention			173			1,641			22,116			1,386			1,908			2,368			13,721			—			43,313
Substandard			—			1,270			2,182			11,417			1,556			12,762			19,508			152			48,847
Total			$	162,656		$	109,904		$	160,987		$	112,561		$	26,247		$	127,808		$	678,543		$	1,262		$	1,379,968

			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total
Residential real estate
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	45		$	—		$	—		$	45
Risk rating
Pass			$	215,826		$	551,667		$	925,169		$	250,784		$	80,583		$	730,662		$	177		$	—		$	2,754,868
Special Mention			—			—			653			—			—			1,227			—			—			1,880
Substandard			—			—			124			919			376			7,243			—			—			8,662
Total			$	215,826		$	551,667		$	925,946		$	251,703		$	80,959		$	739,132		$	177		$	—		$	2,765,410

			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total
As of December 31, 2023
Construction
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	1		$	—		$	—		$	1
Risk rating
Pass			$	104,507		$	346,419		$	138,802		$	29,176		$	2,545		$	1,098		$	—		$	—		$	622,547
Special Mention			—			—			512			—			—			—			—			—			512
Substandard			—			—			17,312			—			—			—			—			—			17,312
Total			$	104,507		$	346,419		$	156,626		$	29,176		$	2,545		$	1,098		$	—		$	—		$	640,371
Commercial multifamily:
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Risk rating
Pass			$	16,020		$	216,477		$	56,817		$	26,566		$	94,733		$	179,923		$	377		$	—		$	590,913
Special Mention			—			—			—			—			—			—			—			—			—
Substandard			—			—			242			2,554			—			5,436			—			—			8,232
Total			$	16,020		$	216,477		$	57,059		$	29,120		$	94,733		$	185,359		$	377		$	—		$	599,145
Commercial real estate owner occupied:
Current period gross write-offs			$	—		$	—		$	—		$	380		$	—		$	109		$	—		$	—		$	489
Risk rating
Pass			$	97,271		$	120,327		$	122,151		$	37,914		$	70,393		$	165,224		$	2,653		$	—		$	615,933
Special Mention			—			—			424			222			—			788			—			—			1,434
Substandard			—			—			81			47			4,703			6,448			—			—			11,279
Total			$	97,271		$	120,327		$	122,656		$	38,183		$	75,096		$	172,460		$	2,653		$	—		$	628,646
Commercial real estate non-owner occupied:
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	65		$	—		$	—		$	65
Risk rating
Pass			$	404,687		$	591,897		$	385,247		$	135,134		$	277,870		$	736,566		$	4,553		$	—		$	2,535,954
Special Mention			—			—			—			229			19,465			726			—			—			20,420
Substandard			—			—			—			6,814			13,483			29,738			—			—			50,035
Total			$	404,687		$	591,897		$	385,247		$	142,177		$	310,818		$	767,030		$	4,553		$	—		$	2,606,409
Commercial and industrial:
Current period gross write-offs			$	—		$	1,154		$	863		$	2,763		$	1,496		$	9,283		$	2,313		$	—		$	17,872
Risk rating
Pass			$	142,946		$	203,126		$	118,191		$	69,722		$	39,437		$	112,770		$	554,153		$	—		$	1,240,345
Special Mention			526			23,149			3,735			1,621			610			1,353			35,244			—			66,238
Substandard			432			761			11,702			1,135			3,785			12,538			22,313			—			52,666
Total			$	143,904		$	227,036		$	133,628		$	72,478		$	43,832		$	126,661		$	611,710		$	—		$	1,359,249

			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total
Residential real estate
Current period gross write-offs			$	—		$	50		$	—		$	50		$	174		$	39		$	—		$	—		$	313
Risk rating
Pass			$	599,124		$	973,031		$	266,055		$	88,302		$	66,837		$	755,372		$	81		$	—		$	2,748,802
Special Mention			—			—			—			—			140			664			—			—			804
Substandard			—			129			1,176			379			574			8,448			—			—			10,706
Total			$	599,124		$	973,160		$	267,231		$	88,681		$	67,551		$	764,484		$	81		$	—		$	2,760,312

For home equity and consumer other loan portfolio segments, Berkshire evaluates credit quality based on the aging status of the loan and by payment activity. The performing or nonperforming status is updated on an ongoing basis dependent upon improvement and deterioration in credit quality. The following table presents the amortized cost based on payment activity:

			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total
As of September 30, 2024
Home equity:
Current period gross write-offs			$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Payment performance
Performing			$	—		$	—		$	—		$	—		$	427		$	2,462		$	217,865		$	—		$	220,754
Nonperforming			—			—			—			—			—			—			669			—			669
Total			$	—		$	—		$	—		$	—		$	427		$	2,462		$	218,534		$	—		$	221,423
Consumer other:
Current period gross write-offs			$	—		$	191		$	8,351		$	680		$	3		$	130		$	—		$	—		$	9,355
Payment performance
Performing			$	25,272		$	36,561		$	27,308		$	11,226		$	4,105		$	7,543		$	9,541		$	—		$	121,556
Nonperforming			—			51			53			13			—			159			2			—			278
Total			$	25,272		$	36,612		$	27,361		$	11,239		$	4,105		$	7,702		$	9,543		$	—		$	121,834

			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2023			2022			2021			2020			2019			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term			Total
As of December 31, 2023
Home equity:
Current period gross write-offs			$	—		$	—		$	—		$	70		$	—		$	—		$	18		$	—		$	88
Payment performance
Performing			$	—		$	—		$	—		$	439		$	—		$	2,614		$	220,209		$	—		$	223,262
Nonperforming			—			—			—			—			—			—			961			—			961
Total			$	—		$	—		$	—		$	439		$	—		$	2,614		$	221,170		$	—		$	224,223
Consumer other:
Current period gross write-offs			$	109		$	8,843		$	1,149		$	11		$	78		$	239		$	—		$	—		$	10,429
Payment performance
Performing			$	49,588		$	108,284		$	19,679		$	5,843		$	7,054		$	19,587		$	10,614		$	—		$	220,649
Nonperforming			77			104			47			26			110			284			34			—			682
Total			$	49,665		$	108,388		$	19,726		$	5,869		$	7,164		$	19,871		$	10,648		$	—		$	221,331

The following table summarizes information about total loans rated Special Mention or lower at September 30, 2024 and December 31, 2023. The table below includes consumer loans that are Special Mention and Substandard accruing that are classified as performing based on payment activity.

(In thousands)						September 30, 2024						December 31, 2023
Non-Accrual						$	23,969					$	21,407
Substandard Accruing						102,830						131,689
Total Classified						126,799						153,096
Special Mention						104,832						91,502
Total Criticized						$	231,631					$	244,598

Schedule of Past Due Loans

The following is a summary of loans by past due status at September 30, 2024 and December 31, 2023:

(In thousands)						30-59 Days Past Due						60-89 Days Past Due						90 Days or Greater Past Due						Total Past Due						Current						Total Loans
September 30, 2024
Construction						$	—					$	594					$	—					$	594					$	660,983					$	661,577
Commercial multifamily						379						429						4,612						5,420						658,064						663,484
Commercial real estate owner occupied						1,645						615						2,279						4,539						764,889						769,428
Commercial real estate non-owner occupied						37						—						3,578						3,615						2,625,583						2,629,198
Commercial and industrial						3,514						703						8,453						12,670						1,367,298						1,379,968
Residential real estate						6,004						1,227						8,663						15,894						2,749,516						2,765,410
Home equity						517						751						1,505						2,773						218,650						221,423
Consumer other						1,215						897						1,160						3,272						118,562						121,834
Total						$	13,311					$	5,216					$	30,250					$	48,777					$	9,163,545					$	9,212,322

(In thousands)						30-59 Days Past Due						60-89 Days Past Due						90 Days or Greater Past Due						Total Past Due						Current						Total Loans
December 31, 2023
Construction						$	—					$	—					$	—					$	—					$	640,371					$	640,371
Commercial multifamily						5,436						187						—						5,623						593,522						599,145
Commercial real estate owner occupied						581						286						804						1,671						626,975						628,646
Commercial real estate non-owner occupied						139						251						3,798						4,188						2,602,221						2,606,409
Commercial and industrial						2,749						689						8,769						12,207						1,347,042						1,359,249
Residential real estate						5,669						943						10,687						17,299						2,743,013						2,760,312
Home equity						707						498						1,281						2,486						221,737						224,223
Consumer other						2,363						1,642						1,606						5,611						215,720						221,331
Total						$	17,644					$	4,496					$	26,945					$	49,085					$	8,990,601					$	9,039,686

Schedule of Loans on Nonaccrual Status and Loans Past Due

The following is a summary of loans on nonaccrual status and loans past due 90 days or more and still accruing as of September 30, 2024 and December 31, 2023:

(In thousands)												Nonaccrual Amortized Cost												Nonaccrual With No Related Allowance						Past Due 90 Days or Greater and Accruing						Interest Income Recognized on Nonaccrual
September 30, 2024
Construction												$	—											$	—					$	—					$	—
Commercial multifamily												4,612												4,216						—						—
Commercial real estate owner occupied												2,279												1,543						—						—
Commercial real estate non-owner occupied												3,578												3,526						—						—
Commercial and industrial												8,028												4,865						425						—
Residential real estate												4,525												1,353						4,138						—
Home equity												669												52						836						—
Consumer other												278												—						882						—
Total												$	23,969											$	15,555					$	6,281					$	—

The commercial and industrial loans nonaccrual amortized cost as of September 30, 2024 included medallion loans with a fair value of $0.3 million and a contractual balance of $6.6 million.

(In thousands)												Nonaccrual Amortized Cost						Nonaccrual With No Related Allowance						Past Due 90 Days or Greater and Accruing						Interest Income Recognized on Nonaccrual
December 31, 2023
Construction												$	—					$	—					$	—					$	—
Commercial multifamily												—						—						—						—
Commercial real estate owner occupied												605						285						199						—
Commercial real estate non-owner occupied												3,798						45						—						—
Commercial and industrial												8,665						5,586						104						—
Residential real estate												6,696						2,796						3,991						—
Home equity												961						122						320						—
Consumer other												682						—						924						—
Total												$	21,407					$	8,834					$	5,538					$	—

Schedule of Collateral Dependent Loans

The following table presents the amortized cost basis of individually analyzed collateral-dependent loans by loan portfolio segment:

						Type of Collateral
(In thousands)						Real Estate												Investment Securities/Cash												Other
September 30, 2024
Construction						$	—											$	—											$	—
Commercial multifamily						4,216												—												—
Commercial real estate owner occupied						1,563												—												—
Commercial real estate non-owner occupied						309												—												—
Commercial and industrial						4,129												—												736
Residential real estate						1,548												—												—
Home equity						52												—												—
Consumer other						—												—												—
Total loans						$	11,817											$	—											$	736
December 31, 2023
Construction						$	—											$	—											$	—
Commercial multifamily						—												—												—
Commercial real estate owner occupied						650												—												—
Commercial real estate non-owner occupied						342												—												—
Commercial and industrial						4,788												—												944
Residential real estate						5,035												—												—
Home equity						135												—												—
Consumer other						40												—												—
Total loans						$	10,990											$	—											$	944

Schedule of Amortized Cost Basis of Loans

The following tables present the amortized cost basis of loans at September 30, 2024 and September 30, 2023 that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2024 and September 30, 2023, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below:

(In thousands)						Principal Forgiveness						Payment Delay						Term Extension						Interest Rate Reduction						Combination Term Extension and Principal Forgiveness						Combination Term Extension and Interest Rate Reduction						Total Class of Financing Receivable
Three months ended September 30, 2024
Construction						$	—					$	—					$	—					$	—					$	—					$	—					—		%
Commercial multifamily						—						—						—						—						—						—						—
Commercial real estate owner occupied						—						—						—						—						—						—						—
Commercial real estate non-owner occupied						—						—						—						—						—						—						—
Commercial and industrial						—						—						12,181						—						—						—						0.88
Residential real estate						—						—						—						—						—						—						—
Home equity						—						—						—						—						—						—						—
Consumer other						—						—						—						—						—						—						—
Total						$	—					$	—					$	12,181					$	—					$	—					$	—					0.04		%

The Company has committed to lend additional amounts totaling $5.8 million to the commercial and industrial borrowers included in the previous table.

(In thousands)						Principal Forgiveness						Payment Delay						Term Extension						Interest Rate Reduction						Combination Term Extension and Principal Forgiveness						Combination Term Extension and Interest Rate Reduction						Total Class of Financing Receivable
Three months ended September 30, 2023
Construction						$	—					$	—					$	—					$	—					$	—					$	—					—		%
Commercial multifamily						—						—						—						—						—						—						—
Commercial real estate owner occupied						—						—						—						—						—						—						—
Commercial real estate non-owner occupied						—						—						—						—						—						—						—
Commercial and industrial						—						34						6,240						—						—						—						0.46
Residential real estate						—						—						—						—						—						—						—
Home equity						—						—						—						—						—						—						—
Consumer other						—						—						—						—						—						—						—
Total						$	—					$	34					$	6,240					$	—					$	—					$	—					0.07		%

The Company has not committed to lend additional amounts to the borrowers included in the previous table.

(In thousands)						Principal Forgiveness						Payment Delay						Term Extension						Interest Rate Reduction						Combination Term Extension and Principal Forgiveness						Combination Term Extension and Interest Rate Reduction						Total Class of Financing Receivable
Nine months ended September 30, 2024
Construction						$	—					$	—					$	—					$	—					$	—					$	—					—		%
Commercial multifamily						—						—						—						—						—						—						—
Commercial real estate owner occupied						—						—						—						—						—						—						—
Commercial real estate non-owner occupied						—						—						648						—						—						—						0.02
Commercial and industrial						—						108						15,918						297						—						—						1.15
Residential real estate						—						—						—						—						—						—						—
Home equity						—						—						—						—						—						—						—
Consumer other						—						—						—						—						—						—						—
Total						$	—					$	108					$	16,566					$	297					$	—					$	—					0.08		%

The Company has committed to lend additional amounts totaling $5.8 million to the commercial and industrial borrowers included in the previous table.

(In thousands)						Principal Forgiveness						Payment Delay						Term Extension						Interest Rate Reduction						Combination Term Extension and Principal Forgiveness						Combination Term Extension and Interest Rate Reduction						Total Class of Financing Receivable
Nine months ended September 30, 2023
Construction						$	—					$	—					$	—					$	—					$	—					$	—					—		%
Commercial multifamily						—						—						—						—						—						—						—
Commercial real estate owner occupied						—						387						—						—						—						—						0.06
Commercial real estate non-owner occupied						—						—						11,733						—						—						—						0.85
Commercial and industrial						—						34						7,531						—						10						—						0.56
Residential real estate						—						—						—						—						—						—						—
Home equity						—						—						—						—						—						—						—
Consumer other						—						—						—						—						—						—						—
Total						$	—					$	421					$	19,264					$	—					$	10					$	—					0.22		%

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three and nine months ended September 30, 2024 and September 30, 2023.

(In thousands)			Principal Forgiveness						Weighted Average Interest Rate Reduction						Weighted Average Term Extension (months)
Three months ended September 30, 2024
Construction			$	—					—		%				0
Commercial multifamily			—						—						0
Commercial real estate owner occupied			—						—						0
Commercial real estate non-owner occupied			—						—						0
Commercial and industrial			—						—						9
Residential real estate			—						—						0
Home equity			—						—						0
Consumer other			—						—						0

(In thousands)			Principal Forgiveness						Weighted Average Interest Rate Reduction						Weighted Average Term Extension (months)
Three months ended September 30, 2023
Construction			$	—					—		%				0
Commercial multifamily			—						—						0
Commercial real estate owner occupied			—						—						0
Commercial real estate non-owner occupied			—						—						0
Commercial and industrial			—						—						17
Residential real estate			—						—						0
Home equity			—						—						0
Consumer other			—						—						0

(In thousands)			Principal Forgiveness						Weighted Average Interest Rate Reduction						Weighted Average Term Extension (months)
Nine months ended September 30, 2024
Construction			$	—					—		%				0
Commercial multifamily			—						—						0
Commercial real estate owner occupied			—						—						0
Commercial real estate non-owner occupied			—						—						62
Commercial and industrial			—						10.75						10
Residential real estate			—						—						0
Home equity			—						—						0
Consumer other			—						—						0

(In thousands)			Principal Forgiveness						Weighted Average Interest Rate Reduction						Weighted Average Term Extension (months)
Nine months ended September 30, 2023
Construction			$	—					—		%				0
Commercial multifamily			—						—						0
Commercial real estate owner occupied			—						—						120
Commercial real estate non-owner occupied			—						—						12
Commercial and industrial			—						1.00						34
Residential real estate			—						—						0
Home equity			—						—						0
Consumer other			—						—						0

The following table presents the amortized cost basis of loans that had a payment default during the three and nine months ended September 30, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty.

(in thousands)

Principal Forgiveness

Payment Delay

Term Extension

Interest Rate Reduction

Three months ended September 30, 2024

Construction

$

—

$

—

$

—

$

—

Commercial multifamily

—

—

—

—

Commercial real estate owner occupied

—

—

—

—

Commercial real estate non-owner occupied

—

—

—

—

Commercial and industrial

—

—

—

—

Residential real estate

—

—

—

—

Home equity

—

—

—

—

Consumer other

—

—

—

—

Total

$

—

$

—

$

—

$

—

(in thousands)			Principal Forgiveness						Payment Delay						Term Extension						Interest Rate Reduction
Nine months ended September 30, 2024
Construction			$	—					$	—					$	—					$	—
Commercial multifamily			—						—						—						—
Commercial real estate owner occupied			—						—						—						—
Commercial real estate non-owner occupied			—						—						—						—
Commercial and industrial			—						—						202						—
Residential real estate			—						—						—						—
Home equity			—						—						—						—
Consumer other			—						—						—						—
Total			$	—					$	—					$	202					$	—

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