LOANS RECEIVABLE, NET (Tables)
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12 Months Ended |
Dec. 31, 2025 |
| Receivables [Abstract] |
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| Schedule of Loans Receivable at Amortized Cost, Net of Deferred Loan Origination Fees and Costs |
Loans receivable at amortized cost, net of deferred loan origination fees and costs, are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | (In thousands) | | | | | Commercial and industrial | $ | 1,334,794 | | | $ | 1,175,490 | | | Multifamily | 1,643,779 | | | 1,351,604 | | | Commercial real estate | 363,266 | | | 411,387 | | | Construction and land development | 24,803 | | | 20,683 | | | Total commercial portfolio | 3,366,642 | | | 2,959,164 | | | Residential real estate lending | 1,237,791 | | | 1,313,617 | | | | | | | | | | | | | Consumer solar | 325,154 | | | 365,516 | | | Consumer and other | 27,686 | | | 34,627 | | | Total retail portfolio | 1,590,631 | | | 1,713,760 | | | Total loans receivable | 4,957,273 | | | 4,672,924 | | | | | | | | | | | | | Allowance for credit losses | (57,586) | | | (60,086) | | | Total loans receivable, net | $ | 4,899,687 | | | $ | 4,612,838 | |
Included in commercial and industrial loans are government guaranteed loans with a balance of $204.9 million at December 31, 2025 and $198.5 million at December 31, 2024. Due to these loans being fully guaranteed by the United States government, no allowance for credit losses is recorded in relation to these loans at December 31, 2025 or December 31, 2024.
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| Schedule of Quality of Bank's Loans |
The following table presents information regarding the past due status of the Company’s loans as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30-59 Days Past Due | | 60-89 Days Past Due | | Non- Accrual | | 90 Days or More Delinquent and Still Accruing Interest | | Total Past Due | | | | Current | | Total Loans Receivable | | (In thousands) | | | | | | | | | | | | | | | | | Commercial and industrial | $ | 11 | | | $ | 200 | | | $ | 713 | | | $ | — | | | $ | 924 | | | | | $ | 1,333,870 | | | $ | 1,334,794 | | | Multifamily | 5,662 | | | — | | | 10,316 | | | — | | | 15,978 | | | | | 1,627,801 | | | 1,643,779 | | | Commercial real estate | 12,321 | | | — | | | — | | | — | | | 12,321 | | | | | 350,945 | | | 363,266 | | | Construction and land development | 5,194 | | | — | | | 11,079 | | | — | | | 16,273 | | | | | 8,530 | | | 24,803 | | | Total commercial portfolio | 23,188 | | | 200 | | | 22,108 | | | — | | | 45,496 | | | | | 3,321,146 | | | 3,366,642 | | | Residential real estate lending | 5,439 | | | 3,069 | | | 2,419 | | | — | | | 10,927 | | | | | 1,226,864 | | | 1,237,791 | | | Consumer solar | 2,819 | | | 2,280 | | | 3,129 | | | — | | | 8,228 | | | | | 316,926 | | | 325,154 | | | Consumer and other | 914 | | | 294 | | | 59 | | | — | | | 1,267 | | | | | 26,419 | | | 27,686 | | | Total retail portfolio | 9,172 | | | 5,643 | | | 5,607 | | | — | | | 20,422 | | | | | 1,570,209 | | | 1,590,631 | | | | $ | 32,360 | | | $ | 5,843 | | | $ | 27,715 | | | $ | — | | | $ | 65,918 | | | | | $ | 4,891,355 | | | $ | 4,957,273 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following table presents information regarding the past due status of the Company’s loans as of December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 30-89 Days Past Due | | 60-89 Days Past Due | | Non- Accrual | | 90 Days or More Delinquent and Still Accruing Interest | | Total Past Due | | | | Current | | Total Loans Receivable | | (In thousands) | | | | | | | | | | | | | | | | | Commercial and industrial | $ | 659 | | | $ | 189 | | | $ | 872 | | | $ | — | | | $ | 1,720 | | | | | $ | 1,173,770 | | | $ | 1,175,490 | | | Multifamily | 8,172 | | | — | | | — | | | — | | | 8,172 | | | | | 1,343,432 | | | 1,351,604 | | | Commercial real estate | — | | | 1,280 | | | 4,062 | | | — | | | 5,342 | | | | | 406,045 | | | 411,387 | | | Construction and land development | — | | | — | | | 11,107 | | | — | | | 11,107 | | | | | 9,576 | | | 20,683 | | | Total commercial portfolio | 8,831 | | | 1,469 | | | 16,041 | | | — | | | 26,341 | | | | | 2,932,823 | | | 2,959,164 | | | Residential real estate lending | 5,960 | | | 202 | | | 1,771 | | | — | | | 7,933 | | | | | 1,305,684 | | | 1,313,617 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer solar | 378 | | | 445 | | | 2,827 | | | — | | | 3,650 | | | | | 361,866 | | | 365,516 | | | Consumer and other | 2,487 | | | 2,282 | | | 370 | | | — | | | 5,139 | | | | | 29,488 | | | 34,627 | | | Total retail portfolio | 8,825 | | | 2,929 | | | 4,968 | | | — | | | 16,722 | | | | | 1,697,038 | | | 1,713,760 | | | $ | 17,656 | | | $ | 4,398 | | | $ | 21,009 | | | $ | — | | | $ | 43,063 | | | | | $ | 4,629,861 | | | $ | 4,672,924 | |
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| Schedule of Loan Modifications |
The following table presents information regarding loan modifications granted to borrowers experiencing financial difficulty during the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2025 | | (In thousands) | | Term Extension | | Payment Delay | | Total | | % of Portfolio | | Commercial and industrial | | $ | 3,144 | | | $ | 9,076 | | | $ | 12,220 | | | 0.9 | % | | Multifamily | | — | | | 3,111 | | | 3,111 | | | 0.2 | % | | | | | | | | | | | Construction and land development | | 14,002 | | | — | | | 14,002 | | | 56.5 | % | | Total | | $ | 17,146 | | | $ | 12,187 | | | $ | 29,333 | | | |
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: | | | | | | | | | | | Year Ended December 31, 2025 | | | Weighted Average Years of Term Extension | | Commercial and industrial | | 0.4 | | Multifamily | | 0.0 | | | | | Construction and land development | | 1.1 |
For loans with a payment delay, there was one C&I loan in which the interest was deferred and added to the principal balance as part of the modification. The other loan was a Multifamily loan in which a payment was deferred over the remaining life of twenty-four months. One C&I loan was modified during this period that had a payment default. The other loan modifications had no delinquencies during the year ended December 31, 2025. For the year ended December 31, 2024, six loan modifications were made to borrowers experiencing difficulty. The following table presents information regarding loan modifications granted to borrowers experiencing financial difficulty during the year ended December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | (In thousands) | | Term Extension | | | | Total | | % of Portfolio | | Commercial and industrial | | $ | 479 | | | | | $ | 479 | | | — | % | | Multifamily | | 11,770 | | | | | 11,770 | | | 0.9 | % | | Commercial real estate | | 4,715 | | | | | 4,715 | | | 1.1 | % | | Construction and land development | | 13,988 | | | | | 13,988 | | | 67.6 | % | | Total | | $ | 30,952 | | | | | $ | 30,952 | | | |
The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: | | | | | | | | | | | | | Year Ended December 31, 2024 | | | Weighted Average Years of Term Extension | | | | Commercial and industrial | | 0.7 | | | | Multifamily | | 3.3 | | | | Commercial real estate | | 0.3 | | | | Construction and land development | | 0.8 | | |
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| Schedule of Risk Category of Loans by Class |
The following table discloses risk rating of the loans. Information below evaluates the Company’s risk category of loans by class as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | | | | (In thousands) | 2025 | 2024 | 2023 | 2022 | 2021 & Prior | Revolving loans | Revolving Loans Converted to Term | Total | | Commercial and industrial: | | | | | | | | | | Pass | $ | 397,992 | | $ | 238,047 | | $ | 55,123 | | $ | 124,706 | | $ | 363,950 | | $ | 112,769 | | $ | — | | $ | 1,292,587 | | | Special Mention | — | | — | | — | | 2,513 | | 13,416 | | 50 | | — | | 15,979 | | | Substandard | 347 | | — | | — | | 18,574 | | 7,307 | | — | | — | | 26,228 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total commercial and industrial | $ | 398,339 | | $ | 238,047 | | $ | 55,123 | | $ | 145,793 | | $ | 384,673 | | $ | 112,819 | | $ | — | | $ | 1,334,794 | | | Current period gross charge-offs | $ | 2,084 | | $ | 3,747 | | $ | 2,284 | | $ | 312 | | $ | 1,500 | | $ | 439 | | $ | — | | $ | 10,366 | | | Multifamily: | | | | | | | | | | Pass | $ | 405,722 | | $ | 241,674 | | $ | 202,857 | | $ | 342,101 | | $ | 406,238 | | $ | 2 | | $ | — | | $ | 1,598,594 | | | Special Mention | — | | — | | — | | — | | 7,358 | | — | | — | | 7,358 | | | Substandard | — | | — | | — | | — | | 37,827 | | — | | — | | 37,827 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total multifamily | $ | 405,722 | | $ | 241,674 | | $ | 202,857 | | $ | 342,101 | | $ | 451,423 | | $ | 2 | | $ | — | | $ | 1,643,779 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | 2,471 | | $ | — | | $ | — | | $ | — | | $ | 2,471 | | | Commercial real estate: | | | | | | | | | | Pass | $ | 36,358 | | $ | 100,528 | | $ | 19,213 | | $ | 40,191 | | $ | 166,973 | | $ | 3 | | $ | — | | $ | 363,266 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | — | | — | | — | | — | | — | | — | | — | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total commercial real estate | $ | 36,358 | | $ | 100,528 | | $ | 19,213 | | $ | 40,191 | | $ | 166,973 | | $ | 3 | | $ | — | | $ | 363,266 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction and land development: | | | | | | | | | | Pass | $ | 8,531 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 8,531 | | | Special Mention | — | | — | | — | | — | | — | | 5,194 | | — | | 5,194 | | | Substandard | — | | — | | — | | — | | — | | 11,078 | | — | | 11,078 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total construction and land development | $ | 8,531 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 16,272 | | $ | — | | $ | 24,803 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | Residential real estate lending: | | | | | | | | | | Pass | $ | 62,342 | | $ | 64,765 | | $ | 116,579 | | $ | 361,067 | | $ | 616,426 | | $ | 13,933 | | $ | — | | $ | 1,235,112 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | — | | 431 | | 1,914 | | 334 | | — | | — | | 2,679 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total residential real estate lending | $ | 62,342 | | $ | 64,765 | | $ | 117,010 | | $ | 362,981 | | $ | 616,760 | | $ | 13,933 | | $ | — | | $ | 1,237,791 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | 304 | | $ | — | | $ | — | | $ | 304 | | | Consumer solar: | | | | | | | | | | Pass | $ | 317 | | $ | 86 | | $ | 21,963 | | $ | 84,702 | | $ | 214,957 | | $ | — | | $ | — | | $ | 322,025 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | 61 | | — | | 106 | | 923 | | 2,039 | | — | | — | | 3,129 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total consumer solar | $ | 378 | | $ | 86 | | $ | 22,069 | | $ | 85,625 | | $ | 216,996 | | $ | — | | $ | — | | $ | 325,154 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | 197 | | $ | 3,365 | | $ | 6,578 | | $ | — | | $ | — | | $ | 10,140 | | | Consumer and other: | | | | | | | | | | Pass | $ | — | | $ | — | | $ | 1,061 | | $ | 10,168 | | $ | 16,054 | | $ | 344 | | $ | — | | $ | 27,627 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | — | | — | | 21 | | 38 | | — | | — | | 59 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total consumer and other | $ | — | | $ | — | | $ | 1,061 | | $ | 10,189 | | $ | 16,092 | | $ | 344 | | $ | — | | $ | 27,686 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | 24 | | $ | — | | $ | 135 | | $ | 12 | | $ | — | | $ | 171 | | | Total Loans: | | | | | | | | | | Pass | $ | 911,262 | | $ | 645,100 | | $ | 416,796 | | $ | 962,935 | | $ | 1,784,598 | | $ | 127,051 | | $ | — | | $ | 4,847,742 | | | Special Mention | — | | — | | — | | 2,513 | | 20,774 | | 5,244 | | — | | 28,531 | | | Substandard | 408 | | — | | 537 | | 21,432 | | 47,545 | | 11,078 | | — | | 81,000 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total loans | $ | 911,670 | | $ | 645,100 | | $ | 417,333 | | $ | 986,880 | | $ | 1,852,917 | | $ | 143,373 | | $ | — | | $ | 4,957,273 | | | Current period gross charge-offs | $ | 2,084 | | $ | 3,747 | | $ | 2,505 | | $ | 6,148 | | $ | 8,517 | | $ | 451 | | $ | — | | $ | 23,452 | |
The following tables summarize the Company’s risk category of loans by class as of December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Origination Year | | | | | (In thousands) | 2024 | 2023 | 2022 | 2021 | 2020 & Prior | Revolving loans | Revolving Loans Converted to Term | Total | | Commercial and Industrial: | | | | | | | | | | Pass | $ | 331,879 | | $ | 82,769 | | $ | 146,475 | | $ | 178,107 | | $ | 218,078 | | $ | 155,917 | | $ | — | | $ | 1,113,225 | | | Special Mention | 137 | | — | | 13,816 | | 9,756 | | — | | 1,905 | | — | | 25,614 | | | Substandard | 115 | | — | | 5,531 | | 15,805 | | 13,403 | | 1,797 | | — | | 36,651 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total commercial and industrial | $ | 332,131 | | $ | 82,769 | | $ | 165,822 | | $ | 203,668 | | $ | 231,481 | | $ | 159,619 | | $ | — | | $ | 1,175,490 | | | Current period gross charge-offs | $ | 200 | | $ | 1,738 | | $ | 653 | | $ | — | | $ | 5,553 | | $ | — | | $ | — | | $ | 8,144 | | | Multifamily: | | | | | | | | | | Pass | $ | 258,985 | | $ | 226,552 | | $ | 362,091 | | $ | 43,413 | | $ | 451,981 | | $ | 2 | | $ | — | | $ | 1,343,024 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Substandard | — | | — | | — | | — | | 8,580 | | — | | — | | 8,580 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total multifamily | $ | 258,985 | | $ | 226,552 | | $ | 362,091 | | $ | 43,413 | | $ | 460,561 | | $ | 2 | | $ | — | | $ | 1,351,604 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | 510 | | $ | — | | $ | — | | $ | 510 | | | Commercial real estate: | | | | | | | | | | Pass | $ | 100,289 | | $ | 41,791 | | $ | 41,266 | | $ | 46,847 | | $ | 170,931 | | $ | 6,201 | | $ | — | | $ | 407,325 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | — | | — | | — | | 4,062 | | — | | — | | 4,062 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total commercial real estate | $ | 100,289 | | $ | 41,791 | | $ | 41,266 | | $ | 46,847 | | $ | 174,993 | | $ | 6,201 | | $ | — | | $ | 411,387 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | Construction and land development: | | | | | | | | | | Pass | $ | — | | $ | — | | $ | — | | $ | — | | $ | 4,380 | | $ | 5,199 | | $ | — | | $ | 9,579 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | — | | — | | — | | — | | 11,104 | | — | | 11,104 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total construction and land development | $ | — | | $ | — | | $ | — | | $ | — | | $ | 4,380 | | $ | 16,303 | | $ | — | | $ | 20,683 | | | Current period gross charge-offs | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | Residential real estate lending: | | | | | | | | | | Pass | $ | 73,206 | | $ | 128,537 | | $ | 382,888 | | $ | 282,873 | | $ | 444,507 | | $ | — | | $ | — | | $ | 1,312,011 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | — | | 1,491 | | — | | 115 | | — | | — | | 1,606 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total residential real estate lending | $ | 73,206 | | $ | 128,537 | | $ | 384,379 | | $ | 282,873 | | $ | 444,622 | | $ | — | | $ | — | | $ | 1,313,617 | | | Current period gross charge-offs | $ | — | | $ | 27 | | $ | — | | $ | — | | $ | 1,155 | | $ | — | | $ | — | | $ | 1,182 | | | Consumer solar: | | | | | | | | | | Pass | $ | — | | $ | 25,313 | | $ | 94,240 | | $ | 119,279 | | $ | 124,095 | | $ | — | | $ | — | | $ | 362,927 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | 99 | | 631 | | 911 | | 948 | | — | | — | | 2,589 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total consumer solar | $ | — | | $ | 25,412 | | $ | 94,871 | | $ | 120,190 | | $ | 125,043 | | $ | — | | $ | — | | $ | 365,516 | | | Current period gross charge-offs | $ | — | | $ | 65 | | $ | 2,285 | | $ | 3,343 | | $ | 2,001 | | $ | — | | $ | — | | $ | 7,694 | | | Consumer and other: | | | | | | | | | | Pass | $ | 402 | | $ | 1,907 | | $ | 12,512 | | $ | 10,181 | | $ | 9,153 | | $ | — | | $ | — | | $ | 34,155 | | | Special Mention | — | | — | | — | | — | | — | | — | | — | | — | | | Substandard | — | | 1 | | 83 | | 287 | | 101 | | — | | — | | 472 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total consumer and other | $ | 402 | | $ | 1,908 | | $ | 12,595 | | $ | 10,468 | | $ | 9,254 | | $ | — | | $ | — | | $ | 34,627 | | | Current period gross charge-offs | $ | — | | $ | 16 | | $ | — | | $ | — | | $ | 304 | | $ | — | | $ | — | | $ | 320 | | | Total Loans: | | | | | | | | | | Pass | $ | 764,761 | | $ | 506,869 | | $ | 1,039,472 | | $ | 680,700 | | $ | 1,423,125 | | $ | 167,319 | | $ | — | | $ | 4,582,246 | | | Special Mention | 137 | | — | | 13,816 | | 9,756 | | — | | 1,905 | | — | | 25,614 | | | Substandard | 115 | | 100 | | 7,736 | | 17,003 | | 27,209 | | 12,901 | | — | | 65,064 | | | Doubtful | — | | — | | — | | — | | — | | — | | — | | — | | | Total loans | $ | 765,013 | | $ | 506,969 | | $ | 1,061,024 | | $ | 707,459 | | $ | 1,450,334 | | $ | 182,125 | | $ | — | | $ | 4,672,924 | | | Current period gross charge-offs | $ | 200 | | $ | 1,846 | | $ | 2,938 | | $ | 3,343 | | $ | 9,523 | | $ | — | | $ | — | | $ | 17,850 | |
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| Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Specific Allowance |
The amortized cost basis of loans on nonaccrual status and the specific allowance as of December 31, 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | Nonaccrual with No Allowance | | Nonaccrual with Allowance | | Reserve | | (In thousands) | | | | | | | | Commercial and industrial | | $ | — | | | $ | 713 | | | $ | 713 | | | Multifamily | | — | | | 10,316 | | | 1,871 | | | | | | | | | | Construction and land development | | 8,794 | | | 2,285 | | | 1,477 | | | Total commercial portfolio | | $ | 8,794 | | | $ | 13,314 | | | $ | 4,061 | | | Residential real estate lending | | 2,419 | | | — | | | — | | | | | | | | | | | | | | | | | Consumer solar | | 3,129 | | | — | | | — | | | Consumer and other | | 59 | | | — | | | — | | | Total retail portfolio | | 5,607 | | | — | | | — | | | | $ | 14,401 | | | $ | 13,314 | | | $ | 4,061 | |
The amortized cost basis of loans on nonaccrual status and the specific allowance as of December 31, 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | | | Nonaccrual with No Allowance | | Nonaccrual with Allowance | | Reserve | | (In thousands) | | | | | | | | Commercial and industrial | | $ | — | | | $ | 872 | | | $ | 731 | | | | | | | | | | Commercial real estate | | 4,062 | | | — | | | — | | | Construction and land development | | 8,803 | | | 2,304 | | | 1,252 | | | Total commercial portfolio | | $ | 12,865 | | | $ | 3,176 | | | $ | 1,983 | | | Residential real estate lending | | 1,771 | | | — | | | — | | | | | | | | | | | | | | | | | Consumer solar | | 2,827 | | | — | | | — | | | Consumer and other | | 370 | | | — | | | — | | | Total retail portfolio | | 4,968 | | | — | | | — | | | | $ | 17,833 | | | $ | 3,176 | | | $ | 1,983 | |
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| Schedule of Method for Evaluating Impairment and Allowance for Credit Loss Activity |
The activities in the allowance by portfolio for the year ended December 31, 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Commercial and Industrial | | Multifamily | | Commercial Real Estate | | Construction and Land Development | | Residential Real Estate Lending | | | | | | Consumer Solar | | Consumer and Other | | Total | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning balance - ACL | $ | 13,505 | | | $ | 2,794 | | | $ | 1,600 | | | $ | 1,253 | | | $ | 9,493 | | | | | | | $ | 29,095 | | | $ | 2,346 | | | $ | 60,086 | | | Provision for (recovery of) credit losses | 9,840 | | | 4,469 | | | 179 | | | 253 | | | (2,814) | | | | | | | 7,041 | | | (1,332) | | | 17,636 | | | Charge-offs | (10,366) | | | (2,471) | | | — | | | — | | | (304) | | | | | | | (10,140) | | | (171) | | | (23,452) | | | Recoveries | 297 | | | — | | | — | | | — | | | 782 | | | | | | | 2,153 | | | 84 | | | 3,316 | | | Ending balance - ACL | $ | 13,276 | | | $ | 4,792 | | | $ | 1,779 | | | $ | 1,506 | | | $ | 7,157 | | | | | | | $ | 28,149 | | | $ | 927 | | | $ | 57,586 | |
The activities in the allowance by portfolio for the year ended December 31, 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Commercial and Industrial | | Multifamily | | Commercial Real Estate | | Construction and Land Development | | Residential Real Estate Lending | | Consumer Solar | | Consumer and Other | | Total | | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning balance - ACL | $ | 18,331 | | | $ | 2,133 | | | $ | 1,276 | | | $ | 24 | | | $ | 13,273 | | | $ | 27,978 | | | $ | 2,676 | | | $ | 65,691 | | | Provision for (recovery of) credit losses | 3,240 | | | 1,171 | | | 324 | | | 831 | | | (3,590) | | | 8,439 | | | (62) | | | 10,353 | | | Charge-offs | (8,144) | | | (510) | | | — | | | — | | | (1,182) | | | (7,694) | | | (320) | | | (17,850) | | | Recoveries | 78 | | | — | | | — | | | 398 | | | 992 | | | 372 | | | 52 | | | 1,892 | | | Ending Balance - ACL | $ | 13,505 | | | $ | 2,794 | | | $ | 1,600 | | | $ | 1,253 | | | $ | 9,493 | | | $ | 29,095 | | | $ | 2,346 | | | $ | 60,086 | |
The activities in the allowance by portfolio for the year ended December 31, 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Commercial and Industrial | | Multifamily | | Commercial Real Estate | | Construction and Land Development | | Residential Real Estate Lending | | | | | | Consumer Solar | | Consumer and Other | | Total | | Allowance for loan losses: | | | | | | | | | | | | | | | | | | | | | Beginning balance - ALLL | $ | 12,916 | | | $ | 7,104 | | | $ | 3,627 | | | $ | 825 | | | $ | 11,338 | | | | | | | $ | 6,867 | | | $ | 2,354 | | | $ | 45,031 | | | Adoption of ASU No. 2016-13 | 3,816 | | | (1,183) | | | (1,321) | | | (466) | | | 3,068 | | | | | | | 16,166 | | | 1,149 | | | 21,229 | | | Beginning balance | 16,732 | | | 5,921 | | | 2,306 | | | 359 | | | 14,406 | | | | | | | 23,033 | | | 3,503 | | | 66,260 | | | Provision for (recovery of) credit losses | 3,272 | | | (1,441) | | | (1,030) | | | 4,329 | | | (1,774) | | | | | | | 10,700 | | | (593) | | | 13,463 | | | Charge-offs | (1,726) | | | (2,367) | | | — | | | (4,664) | | | (65) | | | | | | | (6,966) | | | (270) | | | (16,058) | | | Recoveries | 53 | | | 20 | | | — | | | — | | | 706 | | | | | | | 1,211 | | | 36 | | | 2,026 | | | Ending balance | $ | 18,331 | | | $ | 2,133 | | | $ | 1,276 | | | $ | 24 | | | $ | 13,273 | | | | | | | $ | 27,978 | | | $ | 2,676 | | | $ | 65,691 | |
The below table summarizes collateral dependent loans which were individually evaluated to determine expected credit losses as of December 31, 2025: | | | | | | | | | | | | | | | | | Real Estate Collateral Dependent | | Associated Allowance for Credit Losses | | (In thousands) | | | | | | | | | | | Multifamily | | $ | 10,316 | | | $ | 1,871 | | | | | | | | Construction and land development | | 16,273 | | | 1,477 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 26,589 | | | $ | 3,348 | |
The below table summarizes collateral dependent loans which were individually evaluated to determine expected credit losses as of December 31, 2024: | | | | | | | | | | | | | | | | | Real Estate Collateral Dependent | | Associated Allowance for Credit Losses | | (In thousands) | | | | | | | | | | | | | | | | Commercial real estate | | $ | 4,062 | | | $ | — | | | Construction and land development | | 16,302 | | | 1,252 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 20,364 | | | $ | 1,252 | |
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