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Loans
 12 Months Ended
Dec. 31, 2024
Borrowings [abstract]  
Loans
The following table presents the loan portfolio:
December 31,
20242023
Loans - principal balance8,375,172 7,195,567 
Interest receivable117,931 109,082 
Unearned interest and deferred fees(31,116)(24,719)
Gross balance8,461,987 7,279,930 
Loss allowances(78,158)(59,410)
Loans, net8,383,829 7,220,520 

During the year 2024, the Bank sold loans measured at FVTPL for $67 million, realizing a gain of $251 thousand and FVOCI for $20 million, realizing a gain of $68 thousand, recognized in the line loss on financial instruments, net.
The fixed and floating interest rate distribution of the loan portfolio is as follows:
December 31,
20242023
Fixed interest rate4,932,569 3,875,937 
Floating interest rates3,529,418 3,403,993 
Total8,461,987 7,279,930 
As of December 31, 2024, 75% (2023: 71%) of the loan portfolio at fixed interest rates has remaining maturities of less than 180 days. Interest rates on loans ranges from 4.63% to 16.28% (2023:1.95% to 16.01%).
The following table details information relating to loans granted to class A and B shareholders:
December 31,
20242023
Loans to class A and B shareholders556,000 397,300 
% Loans to class A and B shareholders over total loan portfolio7 %6 %
% Class A and B stockholders with loans over number of class A and B stockholders13 %10 %