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v3.25.1

Loans and Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Composition of Loans | The following table summarizes the composition of originated and acquired loans as of the dates presented:
(dollars in thousands) | March 31, 2025 |  | December 31, 2024
Commercial real estate | $ | 2,776,065 |  |  | $ | 2,708,531 |
Commercial and industrial | 1,331,091 |  |  | 1,351,637 |
Commercial construction | 367,869 |  |  | 341,266 |
Business banking | 1,314,482 |  |  | 1,303,258 |
Consumer real estate | 1,948,677 |  |  | 1,933,509 |
Other consumer | 98,165 |  |  | 104,757 |
Total Loans(1) | $ | 7,836,349 |  |  | $ | 7,742,958 |
(1) Excludes interest receivable of $32.9 million at March 31, 2025 and $32.7 million at December 31, 2024. Interest receivable is included in other assets in the Consolidated Balance Sheets.
Summary of Restructured Loans for Periods Presented | The following tables present the amortized cost of loans to borrowers experiencing financial difficulty by portfolio segment and type of modification during the periods presented:
| Three Months Ended March 31, 2025
(dollars in thousands) | Term Extension |  |  |  |  | Term Extension and Payment Delays | Total | % of Portfolio Segment
Commercial and industrial | $ | — |  |  |  |  |  | $ | 2,092 |  | $ | 2,092 |  | 0.16 | %
Commercial construction | — |  |  |  |  |  | 1,006 |  | 1,006 |  | 0.27 | %
Consumer real estate | 265 |  |  |  |  |  | 640 |  | 905 |  | 0.05 | %
Total | $ | 265 |  |  |  |  |  | $ | 3,738 |  | $ | 4,003 |  | 0.05 | %
| Three Months Ended March 31, 2024
(dollars in thousands) | Term Extension |  |  |  |  | Term Extension and Interest Rate Reduction | Total | % of Portfolio Segment
Commercial real estate | $ | 833 |  |  |  |  |  | $ | — |  | $ | 833 |  | 0.03 | %
Total | $ | 833 |  |  |  |  |  | $ | — |  | $ | 833 |  | 0.01 | %
The following tables describe the effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented:
|  | Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024 |
|  | Weighted-Average Term Extension (in months) |  |  |  | Weighted-Average Term Extension and Payment Delays (in months) |  |  | Weighted-Average Term Extension (in Months) |  |  |  |  |  |
Commercial real estate |  |  | — |  |  |  |  |  |  | — |  |  |  | 6 |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  |  |  |  | 13 |  |  |  | — |  |  |  |  |  |  |
Commercial construction |  |  | — |  |  |  |  |  |  | 13 |  |  |  | — |  |  |  |  |  |  |
Consumer real estate |  |  | 122 |  |  |  |  |  |  | 15 |  |  |  | — |  |  |  |  |  |  |
The following table is a summary of nonperforming assets as of the dates presented:
| Nonperforming Assets
(dollars in thousands) | March 31, 2025 |  | December 31, 2024
Nonperforming Assets |  |  |  |  |
Nonaccrual Loans |  | $ | 22,339 |  |  |  | $ | 27,937 |
OREO |  | 29 |  |  |  | 8 |
Total Nonperforming Assets |  | $ | 22,368 |  |  |  | $ | 27,945 |
Summary of Aging Analysis of Modifications | The following tables present the aging analysis of modifications in the last 12 months to borrowers experiencing financial difficulty as of the dates presented:
| March 31, 2025
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  | Total
Commercial real estate | $ | 616 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 616 |
Commercial and industrial | 16,536 |  |  | — |  |  | — |  |  | 3,778 |  |  | 20,314 |
Commercial construction | — |  |  | 1,006 |  |  | — |  |  | — |  |  | 1,006 |
Consumer real estate | 1,128 |  |  | 224 |  |  | 40 |  |  | — |  |  | 1,392 |
Total | $ | 18,280 |  |  | $ | 1,230 |  |  | $ | 40 |  |  | $ | 3,778 |  |  | $ | 23,328 |
| March 31, 2024
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  |  |  | Total
Commercial real estate | $ | 8,579 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 8,579 |
Commercial and industrial | — |  |  | 2,105 |  |  | 7,998 |  |  | — |  |  |  |  | 10,103 |
Business banking | 115 |  |  | — |  |  | — |  |  | — |  |  |  |  | 115 |
Total | $ | 8,694 |  |  | $ | 2,105 |  |  | $ | 7,998 |  |  | $ | — |  |  |  |  | $ | 18,797 |
Summary of Nonperforming Assets | The following table is a summary of nonperforming assets as of the dates presented:
| Nonperforming Assets
(dollars in thousands) | March 31, 2025 |  | December 31, 2024
Nonperforming Assets |  |  |  |  |
Nonaccrual Loans |  | $ | 22,339 |  |  |  | $ | 27,937 |
OREO |  | 29 |  |  |  | 8 |
Total Nonperforming Assets |  | $ | 22,368 |  |  |  | $ | 27,945 |
The following tables present loans on nonaccrual status by class of loan for the year-to-date periods presented:
| March 31, 2025 |  |
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual |  | Nonaccrual With No Related Allowance |  |  |  |  |  | Interest Income Recognized on Nonaccrual(1) |  |
Commercial real estate | $ | 3,228 |  |  | $ | 2,264 |  |  | $ | 2,004 |  |  |  |  |  |  | $ | 47 |  |  |
Commercial and industrial | 11,173 |  |  | 5,385 |  |  | 4,447 |  |  |  |  |  |  | 43 |  |  |
Commercial construction | — |  |  | 1,006 |  |  | 1,006 |  |  |  |  |  |  | 25 |  |  |
Business banking | 2,988 |  |  | 3,172 |  |  | — |  |  |  |  |  |  | 17 |  |  |
Consumer real estate | 10,318 |  |  | 10,294 |  |  | — |  |  |  |  |  |  | 149 |  |  |
Other consumer | 230 |  |  | 218 |  |  | — |  |  |  |  |  |  | — |  |  |
Total | $ | 27,937 |  |  | $ | 22,339 |  |  | $ | 7,457 |  |  |  |  |  |  | $ | 281 |  |  |
(1) Represents only cash payments received and applied to interest on nonaccrual loans.
| December 31, 2024
(dollars in thousands) | Beginning of Period Nonaccrual |  | End of Period Nonaccrual |  | Nonaccrual With No Related Allowance |  |  |  | Interest Income Recognized on Nonaccrual(1)
Commercial real estate | $ | 6,320 |  |  | $ | 3,228 |  |  | $ | 984 |  |  |  |  | $ | 116 |
Commercial and industrial | 878 |  |  | 11,173 |  |  | 311 |  |  |  |  | 85 |
Commercial construction | 4,960 |  |  | — |  |  | — |  |  |  |  | 700 |
Business banking | 4,147 |  |  | 2,988 |  |  | — |  |  |  |  | 93 |
Consumer real estate | 6,312 |  |  | 10,318 |  |  | — |  |  |  |  | 392 |
Other consumer | 330 |  |  | 230 |  |  | — |  |  |  |  | 3 |
Total | $ | 22,947 |  |  | $ | 27,937 |  |  | $ | 1,295 |  |  |  |  | $ | 1,389 |
(1) Represents only cash payments received and applied to interest on nonaccrual loans.
Schedule of Loans Credit Quality Indicators | The following tables present loan balances by year of origination and internally assigned risk rating for our portfolio segments as of the dates presented:
| March 31, 2025
| Risk Rating by Year of Origination
(dollars in thousands) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 and Prior | Revolving | Revolving-Term | Total
Commercial Real Estate |  |  |  |  |  |  |  |  |
Pass | $ | 146,775 |  | $ | 270,301 |  | $ | 290,555 |  | $ | 349,795 |  | $ | 410,355 |  | $ | 1,190,080 |  | $ | 44,262 |  | $ | — |  | $ | 2,702,123 |
Special mention | — |  | — |  | 2,000 |  | 350 |  | 1,827 |  | 44,064 |  | 254 |  | — |  | 48,495 |
Substandard | — |  | — |  | 3,967 |  | 979 |  | — |  | 20,501 |  | — |  | — |  | 25,447 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Real Estate | 146,775 |  | 270,301 |  | 296,522 |  | 351,124 |  | 412,182 |  | 1,254,645 |  | 44,516 |  | — |  | 2,776,065 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial and Industrial |  |  |  |  |  |  |  |  |
Pass | 27,389 |  | 122,961 |  | 132,157 |  | 192,211 |  | 125,781 |  | 188,982 |  | 454,870 |  | — |  | 1,244,351 |
Special mention | — |  | — |  | 2,077 |  | 691 |  | 12 |  | 14,558 |  | 7,696 |  | — |  | 25,034 |
Substandard | — |  | 547 |  | 1,874 |  | — |  | 19,951 |  | 6,341 |  | 32,993 |  | — |  | 61,706 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial and Industrial | 27,389 |  | 123,508 |  | 136,108 |  | 192,902 |  | 145,744 |  | 209,881 |  | 495,559 |  | — |  | 1,331,091 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | 172 |  | — |  | — |  | — |  | — |  | 172 |
Commercial Construction |  |  |  |  |  |  |  |  |
Pass | 36,944 |  | 131,040 |  | 104,310 |  | 56,662 |  | 13,054 |  | 2,111 |  | 6,910 |  | — |  | 351,031 |
Special mention | — |  | 869 |  | — |  | 14,963 |  | — |  | — |  | — |  | — |  | 15,832 |
Substandard | — |  | — |  | — |  | 1,006 |  | — |  | — |  | — |  | — |  | 1,006 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Construction | 36,944 |  | 131,909 |  | 104,310 |  | 72,631 |  | 13,054 |  | 2,111 |  | 6,910 |  | — |  | 367,869 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | 30 |  | — |  | — |  | — |  | — |  | 30 |
Business Banking |  |  |  |  |  |  |  |  |
Pass | 46,684 |  | 146,837 |  | 222,869 |  | 219,286 |  | 168,159 |  | 391,390 |  | 95,632 |  | 354 |  | 1,291,211 |
Special mention | — |  | 390 |  | 76 |  | 99 |  | 886 |  | 4,657 |  | 34 |  | 264 |  | 6,406 |
Substandard | — |  | 20 |  | 2,307 |  | 1,534 |  | 3,581 |  | 8,774 |  | 209 |  | 440 |  | 16,865 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Business Banking | 46,684 |  | 147,247 |  | 225,252 |  | 220,919 |  | 172,626 |  | 404,821 |  | 95,875 |  | 1,058 |  | 1,314,482 |
Year-to-date Gross Charge-offs | — |  | — |  | 106 |  | — |  | 34 |  | 3 |  | — |  | — |  | 143 |
Consumer Real Estate |  |  |  |  |  |  |  |  |
Pass | 38,600 |  | 221,466 |  | 318,280 |  | 321,289 |  | 129,619 |  | 309,314 |  | 572,232 |  | 26,317 |  | 1,937,117 |
Special mention | — |  | — |  | — |  | — |  | — |  | 94 |  | — |  | — |  | 94 |
Substandard | — |  | — |  | 1,199 |  | 241 |  | 191 |  | 5,395 |  | 1,762 |  | 2,678 |  | 11,466 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer Real Estate | 38,600 |  | 221,466 |  | 319,479 |  | 321,530 |  | 129,810 |  | 314,803 |  | 573,994 |  | 28,995 |  | 1,948,677 |
Year-to-date Gross Charge-offs | — |  | — |  | 38 |  | — |  | — |  | 5 |  | 23 |  | 96 |  | 162 |
Other Consumer |  |  |  |  |  |  |  |  |
Pass | 2,498 |  | 7,083 |  | 5,941 |  | 6,322 |  | 2,578 |  | 1,776 |  | 65,189 |  | 6,578 |  | 97,965 |
Special mention | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Substandard | — |  | — |  | — |  | — |  | 20 |  | 154 |  | — |  | 26 |  | 200 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Other Consumer | 2,498 |  | 7,083 |  | 5,941 |  | 6,322 |  | 2,598 |  | 1,930 |  | 65,189 |  | 6,604 |  | 98,165 |
Year-to-date Gross Charge-offs | 198 |  | — |  | 16 |  | 29 |  | 7 |  | 4 |  | — |  | 123 |  | 377 |
Pass | 298,890 |  | 899,688 |  | 1,074,112 |  | 1,145,565 |  | 849,546 |  | 2,083,653 |  | 1,239,095 |  | 33,249 |  | 7,623,798 |
Special mention | — |  | 1,259 |  | 4,153 |  | 16,103 |  | 2,725 |  | 63,373 |  | 7,984 |  | 264 |  | 95,861 |
Substandard | — |  | 567 |  | 9,347 |  | 3,760 |  | 23,743 |  | 41,165 |  | 34,964 |  | 3,144 |  | 116,690 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Loan Balance | $ | 298,890 |  | $ | 901,514 |  | $ | 1,087,612 |  | $ | 1,165,428 |  | $ | 876,014 |  | $ | 2,188,191 |  | $ | 1,282,043 |  | $ | 36,657 |  | $ | 7,836,349 |
Year-to-date Gross Charge-offs | $ | 198 |  | $ | — |  | $ | 160 |  | $ | 231 |  | $ | 41 |  | $ | 12 |  | $ | 23 |  | $ | 219 |  | $ | 884 |
| December 31, 2024
| Risk Rating by Year of Origination
(dollars in thousands) | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 and Prior | Revolving | Revolving-Term | Total
Commercial Real Estate |  |  |  |  |  |  |  |  |
Pass | $ | 278,187 |  | $ | 287,081 |  | $ | 362,174 |  | $ | 413,781 |  | $ | 213,384 |  | $ | 1,040,703 |  | $ | 35,737 |  | $ | — |  | $ | 2,631,047 |
Special mention | — |  | 2,000 |  | 370 |  | 1,840 |  | — |  | 46,104 |  | 254 |  | — |  | 50,568 |
Substandard | — |  | — |  | 985 |  | — |  | 1,834 |  | 23,683 |  | — |  | — |  | 26,502 |
Doubtful | — |  | — |  | — |  | — |  | 414 |  | — |  | — |  | — |  | 414 |
Total Commercial Real Estate | 278,187 |  | 289,081 |  | 363,529 |  | 415,621 |  | 215,632 |  | 1,110,490 |  | 35,991 |  | — |  | 2,708,531 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | 5,205 |  | — |  | — |  | 5,205 |
Commercial and Industrial |  |  |  |  |  |  |  |  |
Pass | 119,580 |  | 147,007 |  | 194,363 |  | 131,877 |  | 30,093 |  | 175,359 |  | 466,640 |  | — |  | 1,264,919 |
Special mention | — |  | 20 |  | 1,221 |  | 142 |  | 10 |  | 14,896 |  | 11,033 |  | — |  | 27,322 |
Substandard | 563 |  | 1,073 |  | 172 |  | 20,586 |  | 740 |  | 7,171 |  | 25,355 |  | — |  | 55,660 |
Doubtful | — |  | — |  | — |  | 366 |  | 469 |  | — |  | 2,901 |  | — |  | 3,736 |
Total Commercial and Industrial | 120,143 |  | 148,100 |  | 195,756 |  | 152,971 |  | 31,312 |  | 197,426 |  | 505,929 |  | — |  | 1,351,637 |
Year-to-date Gross Charge-offs | — |  | 78 |  | — |  | 1,235 |  | — |  | 91 |  | 1,032 |  | — |  | 2,436 |
Commercial Construction |  |  |  |  |  |  |  |  |
Pass | 119,355 |  | 121,816 |  | 57,853 |  | 14,911 |  | 884 |  | 2,139 |  | 8,310 |  | — |  | 325,268 |
Special mention | — |  | — |  | 15,998 |  | — |  | — |  | — |  | — |  | — |  | 15,998 |
Substandard | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Construction | 119,355 |  | 121,816 |  | 73,851 |  | 14,911 |  | 884 |  | 2,139 |  | 8,310 |  | — |  | 341,266 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Business Banking |  |  |  |  |  |  |  |  |
Pass | 149,603 |  | 230,784 |  | 225,318 |  | 173,763 |  | 76,087 |  | 332,707 |  | 92,756 |  | 597 |  | 1,281,615 |
Special mention | — |  | — |  | 49 |  | 130 |  | 147 |  | 4,302 |  | 35 |  | 268 |  | 4,931 |
Substandard | 21 |  | 2,257 |  | 1,287 |  | 3,790 |  | 409 |  | 8,318 |  | 190 |  | 440 |  | 16,712 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Business Banking | 149,624 |  | 233,041 |  | 226,654 |  | 177,683 |  | 76,643 |  | 345,327 |  | 92,981 |  | 1,305 |  | 1,303,258 |
Year-to-date Gross Charge-offs | — |  | 79 |  | 124 |  | — |  | 56 |  | 1,486 |  | — |  | — |  | 1,745 |
Consumer Real Estate |  |  |  |  |  |  |  |  |
Pass | 217,250 |  | 334,532 |  | 324,346 |  | 133,155 |  | 95,301 |  | 223,799 |  | 569,386 |  | 24,940 |  | 1,922,709 |
Special mention | — |  | — |  | — |  | — |  | — |  | 99 |  | — |  | — |  | 99 |
Substandard | — |  | 1,231 |  | 43 |  | 192 |  | 203 |  | 5,564 |  | 1,172 |  | 2,296 |  | 10,701 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Consumer Real Estate | 217,250 |  | 335,763 |  | 324,389 |  | 133,347 |  | 95,504 |  | 229,462 |  | 570,558 |  | 27,236 |  | 1,933,509 |
Year-to-date Gross Charge-offs | — |  | — |  | — |  | — |  | 9 |  | 37 |  | 86 |  | 1,216 |  | 1,348 |
Other Consumer |  |  |  |  |  |  |  |  |
Pass | 8,456 |  | 6,849 |  | 7,349 |  | 3,228 |  | 1,758 |  | 468 |  | 71,039 |  | 5,425 |  | 104,572 |
Special mention | — |  | — |  | — |  | — |  |  | — |  | — |  |  | — |
Substandard | — |  | — |  | — |  | 21 |  | 10 |  | 150 |  | — |  | 4 |  | 185 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Other Consumer | 8,456 |  | 6,849 |  | 7,349 |  | 3,249 |  | 1,768 |  | 618 |  | 71,039 |  | 5,429 |  | 104,757 |
Year-to-date Gross Charge-offs | 839 |  | 34 |  | 164 |  | 103 |  | 26 |  | 18 |  | — |  | 270 |  | 1,454 |
Pass | 892,431 |  | 1,128,069 |  | 1,171,403 |  | 870,715 |  | 417,507 |  | 1,775,175 |  | 1,243,868 |  | 30,962 |  | 7,530,130 |
Special mention | — |  | 2,020 |  | 17,638 |  | 2,112 |  | 157 |  | 65,401 |  | 11,322 |  | 268 |  | 98,918 |
Substandard | 584 |  | 4,561 |  | 2,487 |  | 24,589 |  | 3,196 |  | 44,886 |  | 26,717 |  | 2,740 |  | 109,760 |
Doubtful | — |  | — |  | — |  | 366 |  | 883 |  | — |  | 2,901 |  | — |  | 4,150 |
Total Loan Balance | $ | 893,015 |  | $ | 1,134,650 |  | $ | 1,191,528 |  | $ | 897,782 |  | $ | 421,743 |  | $ | 1,885,462 |  | $ | 1,284,808 |  | $ | 33,970 |  | $ | 7,742,958 |
Year-to-date Gross Charge-offs | $ | 839 |  | $ | 191 |  | $ | 288 |  | $ | 1,338 |  | $ | 91 |  | $ | 6,837 |  | $ | 1,118 |  | $ | 1,486 |  | $ | 12,188 |
The following tables present collateral-dependent loans as of the dates presented:
| March 31, 2025
| Type of Collateral
(dollars in thousands) | Real Estate |  | Business Assets |  |  |
Commercial real estate | $ | 2,004 |  | $ | — |  |  |
Commercial and industrial | — |  | 4,447 |  |  |
Commercial construction | 1,006 |  | — |  |  |
Total | $ | 3,010 |  | $ | 4,447 |  |  |
| December 31, 2024
| Type of Collateral
(dollars in thousands) | Real Estate |  | Business Assets |  |  |
Commercial real estate | $ | 2,028 |  | $ | — |  |  |
Commercial and industrial | — |  | 9,937 |  |  |
Total | $ | 2,028 |  | $ | 9,937 |  |  |
Schedule of Age Analysis of Past Due Loans Segregated by Class of Loans | The following tables present the age analysis of past due loans segregated by class of loans as of the dates presented:
| March 31, 2025
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  |  |  |  |  | Nonaccrual |  | Total Past Due Loans |  | Total Loans
Commercial real estate | $ | 2,762,834 |  |  | $ | 10,967 |  |  | $ | — |  |  |  |  |  |  | $ | 2,264 |  |  | $ | 13,231 |  |  | $ | 2,776,065 |
Commercial and industrial | 1,325,706 |  |  | — |  |  | — |  |  |  |  |  |  | 5,385 |  |  | 5,385 |  |  | 1,331,091 |
Commercial construction | 365,994 |  |  | 869 |  |  | — |  |  |  |  |  |  | 1,006 |  |  | 1,875 |  |  | 367,869 |
Business banking | 1,308,969 |  |  | 1,596 |  |  | 745 |  |  |  |  |  |  | 3,172 |  |  | 5,513 |  |  | 1,314,482 |
Consumer real estate | 1,931,861 |  |  | 5,681 |  |  | 841 |  |  |  |  |  |  | 10,294 |  |  | 16,816 |  |  | 1,948,677 |
Other consumer | 96,749 |  |  | 912 |  |  | 286 |  |  |  |  |  |  | 218 |  |  | 1,416 |  |  | 98,165 |
Total | $ | 7,792,113 |  |  | $ | 20,025 |  |  | $ | 1,872 |  |  |  |  |  |  | $ | 22,339 |  |  | $ | 44,236 |  |  | $ | 7,836,349 |
| December 31, 2024 |  |
(dollars in thousands) | Current |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  |  |  | Nonaccrual |  | Total Past Due Loans |  | Total Loans |  |
Commercial real estate | $ | 2,705,303 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 3,228 |  |  | $ | 3,228 |  |  | $ | 2,708,531 |  |  |
Commercial and industrial | 1,338,053 |  |  | 415 |  |  | 1,996 |  |  |  |  | 11,173 |  |  | 13,584 |  |  | 1,351,637 |  |  |
Commercial construction | 340,230 |  |  | — |  |  | 1,036 |  |  |  |  | — |  |  | 1,036 |  |  | 341,266 |  |  |
Business banking | 1,297,651 |  |  | 2,336 |  |  | 283 |  |  |  |  | 2,988 |  |  | 5,607 |  |  | 1,303,258 |  |  |
Consumer real estate | 1,918,150 |  |  | 2,464 |  |  | 2,577 |  |  |  |  | 10,318 |  |  | 15,359 |  |  | 1,933,509 |  |  |
Other consumer | 104,156 |  |  | 216 |  |  | 155 |  |  |  |  | 230 |  |  | 601 |  |  | 104,757 |  |  |
Total | $ | 7,703,543 |  |  | $ | 5,431 |  |  | $ | 6,047 |  |  |  |  | $ | 27,937 |  |  | $ | 39,415 |  |  | $ | 7,742,958 |  |  |
Schedule of Allowance for Credit Loss |
| Three Months Ended March 31, 2025
(dollars in thousands) | Commercial Real Estate |  | Commercial and Industrial |  | Commercial Construction |  | Business Banking |  | Consumer Real Estate |  | Other Consumer |  | Total Loans
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 30,254 |  |  | $ | 37,084 |  |  | $ | 4,893 |  |  | $ | 10,681 |  |  | $ | 15,776 |  |  | $ | 2,806 |  |  | $ | 101,494 |
Provision for credit losses on loans(1) | (493) |  |  | (3,643) |  |  | 1,017 |  |  | 650 |  |  | 160 |  |  | (202) |  |  | (2,511) |
Charge-offs | — |  |  | (172) |  |  | (30) |  |  | (143) |  |  | (162) |  |  | (377) |  |  | (884) |
Recoveries | 134 |  |  | 145 |  |  | — |  |  | 25 |  |  | 133 |  |  | 474 |  |  | 911 |
Net Recoveries (Charge-offs) | 134 |  |  | (27) |  |  | (30) |  |  | (118) |  |  | (29) |  |  | 97 |  |  | 27 |
Balance at End of Period | $ | 29,895 |  |  | $ | 33,414 |  |  | $ | 5,880 |  |  | $ | 11,213 |  |  | $ | 15,907 |  |  | $ | 2,701 |  |  | $ | 99,010 |
(1) Excludes the provision for credits losses for unfunded commitments. |  |  |  |  |  |  |  |  |  |
| Three Months Ended March 31, 2024
(dollars in thousands) | Commercial Real Estate |  | Commercial and Industrial |  | Commercial Construction |  | Business Banking |  | Consumer Real Estate |  | Other Consumer |  | Total Loans
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 37,886 |  |  | $ | 34,538 |  |  | $ | 5,382 |  |  | $ | 12,858 |  |  | $ | 14,663 |  |  | $ | 2,639 |  |  | $ | 107,966 |
Provision for credit losses on loans(1) | 2,838 |  |  | 680 |  |  | (233) |  |  | (995) |  |  | 859 |  |  | 276 |  |  | 3,425 |
Charge-offs | (5,205) |  |  | (1,128) |  |  | — |  |  | (98) |  |  | (139) |  |  | (369) |  |  | (6,939) |
Recoveries | 93 |  |  | 117 |  |  | — |  |  | 33 |  |  | 27 |  |  | 80 |  |  | 350 |
Net Charge-offs | (5,112) |  |  | (1,011) |  |  | — |  |  | (65) |  |  | (112) |  |  | (289) |  |  | (6,589) |
Balance at End of Period | $ | 35,612 |  |  | $ | 34,207 |  |  | $ | 5,149 |  |  | $ | 11,798 |  |  | $ | 15,410 |  |  | $ | 2,626 |  |  | $ | 104,802 |
(1) Excludes the provision for credits losses for unfunded commitments. |  |  |  |  |  |  |  |  |  |

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