Loans and Allowance for Credit Losses on Loans

Schedule of allowance for credit loss on loan methodology by loan portfolio segment

Loan Portfolio Segment		ACL-Loans Methodology

Mortgage warehouse repurchase agreements		Remaining Life Method
Residential real estate loans		Discounted Cash Flow
Multi-family financing		Discounted Cash Flow
Healthcare financing		Discounted Cash Flow
Commercial and commercial real estate		Discounted Cash Flow
Agricultural production and real estate		Remaining Life Method
Consumer and margin loans		Remaining Life Method

Summary of activity in the allowance for loans losses by loan portfolio


	For the Year Ended December 31, 2023
	MTG WHRA		RES RE		MF FIN		HC FIN		CML & CRE		AG & AGRE		CON & MAR		TOTAL

	(In thousands)
ACL-Loans
Balance, beginning of period	$	1,249	$	7,029	$	16,781	$	9,882	$	8,326	$	565	$	182	$	44,014
Provision for credit losses		821		328		18,493		12,572		5,232		54		(12)		37,488
Loans charged to the allowance		—		(34)		(8,400)		—		(1,356)		—		(1)		(9,791)
Recoveries of loans previously charged-off		—		—		—		—		41		—		—		41
Balance, end of period	$	2,070	$	7,323	$	26,874	$	22,454	$	12,243	$	619	$	169	$	71,752

Schedule of credit risk profile of loan portfolio


	March 31, 2024
	2024		2023		2022		2021		2020		Prior		Revolving Loans		TOTAL

	(In thousands)
MTG WHRA
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	1,142,994	$	1,142,994
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	1,142,994	$	1,142,994
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
RES RE
Pass	$	1,780	$	32,353	$	9,793	$	6,175	$	21,315	$	7,400	$	1,240,994	$	1,319,810
Special Mention		—		—		—		—		—		218		—		218
Substandard		—		—		—		—		—		—		1,272		1,272
Total	$	1,780	$	32,353	$	9,793	$	6,175	$	21,315	$	7,618	$	1,242,266	$	1,321,300
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
MF FIN
Pass	$	298,730	$	957,019	$	734,071	$	114,353	$	9,070	$	34,587	$	1,731,470	$	3,879,300
Special Mention		8,000		96,900		28,559		8,400		—		1,470		20,777		164,106
Substandard		—		11,667		28,360		6,534		—		—		6,639		53,200
Total	$	306,730	$	1,065,586	$	790,990	$	129,287	$	9,070	$	36,057	$	1,758,886	$	4,096,606
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
HC FIN
Pass	$	258,604	$	626,388	$	936,880	$	98,815	$	—	$	14,459	$	398,904	$	2,334,050
Special Mention		24,319		20,900		9,502		—		—		—		12,631		67,352
Substandard		—		25,600		—		28,783		—		—		8,900		63,283
Total	$	282,923	$	672,888	$	946,382	$	127,598	$	—	$	14,459	$	420,435	$	2,464,685
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
CML & CRE
Pass	$	4,469	$	54,002	$	116,479	$	71,824	$	19,203	$	34,169	$	1,360,706	$	1,660,852
Special Mention		—		—		—		289		157		—		—		446
Substandard		—		—		92		776		850		60		3,675		5,453
Total	$	4,469	$	54,002	$	116,571	$	72,889	$	20,210	$	34,229	$	1,364,381	$	1,666,751
Charge-offs	$	—	$	—	$	—	$	925	$	—	$	—	$	—	$	925
AG & AGRE
Pass	$	7,833	$	7,875	$	5,103	$	2,722	$	8,566	$	15,515	$	18,216	$	65,830
Substandard		—		—		—		—		—		147		—		147
Total	$	7,833	$	7,875	$	5,103	$	2,722	$	8,566	$	15,662	$	18,216	$	65,977
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
CON & MAR
Pass	$	—	$	109	$	28	$	25	$	2	$	4,268	$	3,480	$	7,912
Total	$	—	$	109	$	28	$	25	$	2	$	4,268	$	3,480	$	7,912
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Pass	$	571,416	$	1,677,746	$	1,802,354	$	293,914	$	58,156	$	110,398	$	5,896,764	$	10,410,748
Total Special Mention	$	32,319	$	117,800	$	38,061	$	8,689	$	157	$	1,688	$	33,408	$	232,122
Total Substandard	$	—	$	37,267	$	28,452	$	36,093	$	850	$	207	$	20,486	$	123,355
Total Doubtful	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Loans	$	603,735	$	1,832,813	$	1,868,867	$	338,696	$	59,163	$	112,293	$	5,950,658	$	10,766,225
Total Charge-offs	$	—	$	—	$	—	$	925	$	—	$	—	$	—	$	925


	December 31, 2023
	2023		2022		2021		2020		2019		Prior		Revolving Loans		TOTAL

	(In thousands)
MTG WHRA
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	752,468	$	752,468
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	752,468	$	752,468
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
RES RE
Pass	$	31,011	$	10,086	$	6,573	$	22,725	$	3,298	$	9,340	$	1,239,161	$	1,322,194
Special Mention		—		—		—		—		59		492		—		551
Substandard		—		—		—		—		—		288		1,272		1,560
Total	$	31,011	$	10,086	$	6,573	$	22,725	$	3,357	$	10,120	$	1,240,433	$	1,324,305
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	21	$	13	$	34
MF FIN
Pass	$	1,094,698	$	762,448	$	208,343	$	77,340	$	29,764	$	8,455	$	1,646,445	$	3,827,493
Special Mention		94,973		3,189		8,400		—		—		1,477		24,052		132,091
Substandard		11,682		28,360		6,534		—		—		—		—		46,576
Total	$	1,201,353	$	793,997	$	223,277	$	77,340	$	29,764	$	9,932	$	1,670,497	$	4,006,160
Charge-offs	$	—	$	8,400	$	—	$	—	$	—	$	—	$	—	$	8,400
HC FIN
Pass	$	752,591	$	996,273	$	110,197	$	—	$	14,563	$	—	$	351,110	$	2,224,734
Special Mention		35,869		9,520		—		—		—		—		12,658		58,047
Substandard		25,600		10,625		28,783		—		—		—		8,900		73,908
Total	$	814,060	$	1,016,418	$	138,980	$	—	$	14,563	$	—	$	372,668	$	2,356,689
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
CML & CRE
Pass	$	51,110	$	119,386	$	77,316	$	21,154	$	21,088	$	17,066	$	1,328,980	$	1,636,100
Special Mention		—		—		292		172		—		84		—		548
Substandard		—		70		1,701		878		62		—		3,672		6,383
Doubtful		—		—		—		—		—		50		—		50
Total	$	51,110	$	119,456	$	79,309	$	22,204	$	21,150	$	17,200	$	1,332,652	$	1,643,081
Charge-offs	$	—	$	496	$	274	$	586	$	—	$	—	$	—	$	1,356
AG & AGRE
Pass	$	16,850	$	9,825	$	6,490	$	14,267	$	5,237	$	16,606	$	33,728	$	103,003
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		147		—		147
Total	$	16,850	$	9,825	$	6,490	$	14,267	$	5,237	$	16,753	$	33,728	$	103,150
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
CON & MAR
Pass	$	748	$	4,329	$	247	$	115	$	27	$	4,339	$	3,862	$	13,667
Special Mention		—		—		—		15		15		—		—		30
Substandard		—		—		—		—		—		3		—		3
Total	$	748	$	4,329	$	247	$	130	$	42	$	4,342	$	3,862	$	13,700
Charge-offs	$	—	$	—	$	—	$	—	$	—	$	1	$	—	$	1

Total Pass	$	1,947,008	$	1,902,347	$	409,166	$	135,601	$	73,977	$	55,806	$	5,355,754	$	9,879,659
Total Special Mention	$	130,842	$	12,709	$	8,692	$	187	$	74	$	2,053	$	36,710	$	191,267
Total Substandard	$	37,282	$	39,055	$	37,018	$	878	$	62	$	438	$	13,844	$	128,577
Total Doubtful	$	—	$	—	$	—	$	—	$	—	$	50	$	—	$	50
Total Loans	$	2,115,132	$	1,954,111	$	454,876	$	136,666	$	74,113	$	58,347	$	5,406,308	$	10,199,553
Total Charge-offs	$	—	$	8,896	$	274	$	586	$	—	$	22	$	13	$	9,791

Schedule of nonaccrual loans and loans past due 90 days or more and still accruing


	March 31,				December 31,
	2024				2023
			Total Loans >				Total Loans >
			90 Days &				90 Days &
	Nonaccrual		Accruing		Nonaccrual		Accruing

	(In thousands)
RES RE	$	760	$	218	$	1,486	$	894
MF FIN		46,248		32,662		39,608		—
HC FIN		28,783		19,950		28,783		7,216
CML & CRE		2,866		140		3,820		43
AG & AGRE		147		12		147		—
CON & MAR		—		—		3		15
	$	78,804	$	52,982	$	73,847	$	8,168