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v3.25.3

LOANS AND CREDIT QUALITY (Tables) | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Schedule of loans and leases, excluding loans held for sale | The following table presents loans by class, excluding loans held for sale, net of deferred fees and costs as of the dates presented:
(dollars in thousands) | September 30, 2025 |  | December 31, 2024
Commercial and industrial | $ | 608,814 |  |  | $ | 606,936 |
Construction | 217,610 |  |  | 145,211 |
Residential mortgage | 1,839,535 |  |  | 1,892,520 |
Home equity | 610,889 |  |  | 676,982 |
Commercial mortgage | 1,613,187 |  |  | 1,500,680 |
Consumer | 477,167 |  |  | 510,523 |
Loans, net of deferred fees and costs | $ | 5,367,202 |  |  | $ | 5,332,852 |
Schedule of aging of the recorded investment in past due loans and leases, by class | The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL as of the dates presented:
(dollars in thousands) | Accruing Loans 30 - 59 Days Past Due |  | Accruing Loans 60 - 89 Days Past Due |  | Accruing Loans 90+ Days Past Due |  | Nonaccrual Loans |  | Total Past Due and Nonaccrual |  | Loans Not Past Due |  | Total Loans |  | Nonaccrual Loans With No ACL
September 30, 2025 |  |  |  |  |  |  |
Commercial and industrial | $ | 940 |  |  | $ | 821 |  |  | $ | — |  |  | $ | 357 |  |  | $ | 2,118 |  |  | $ | 606,696 |  |  | $ | 608,814 |  |  | $ | 160 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 217,610 |  |  | 217,610 |  |  | — |
Residential mortgage | — |  |  | 1,015 |  |  | 1,159 |  |  | 11,413 |  |  | 13,587 |  |  | 1,825,948 |  |  | 1,839,535 |  |  | 11,413 |
Home equity | 175 |  |  | 758 |  |  | — |  |  | 2,119 |  |  | 3,052 |  |  | 607,837 |  |  | 610,889 |  |  | 2,119 |
Commercial mortgage | 831 |  |  | — |  |  | — |  |  | — |  |  | 831 |  |  | 1,612,356 |  |  | 1,613,187 |  |  | — |
Consumer | 3,460 |  |  | 1,322 |  |  | 349 |  |  | 430 |  |  | 5,561 |  |  | 471,606 |  |  | 477,167 |  |  | — |
Total | $ | 5,406 |  |  | $ | 3,916 |  |  | $ | 1,508 |  |  | $ | 14,319 |  |  | $ | 25,149 |  |  | $ | 5,342,053 |  |  | $ | 5,367,202 |  |  | $ | 13,692 |
(dollars in thousands) | Accruing Loans 30 - 59 Days Past Due |  | Accruing Loans 60 - 89 Days Past Due |  | Accruing Loans 90+ Days Past Due |  | Nonaccrual Loans |  | Total Past Due and Nonaccrual |  | Loans Not Past Due |  | Total Loans |  | Nonaccrual Loans With No ACL
December 31, 2024 |  |  |  |  |  |  |
Commercial and industrial | $ | 2,978 |  |  | $ | 210 |  |  | $ | — |  |  | $ | 414 |  |  | $ | 3,602 |  |  | $ | 603,334 |  |  | $ | 606,936 |  |  | $ | — |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 145,211 |  |  | 145,211 |  |  | — |
Residential mortgage | 8,880 |  |  | 3,316 |  |  | 323 |  |  | 9,044 |  |  | 21,563 |  |  | 1,870,957 |  |  | 1,892,520 |  |  | 9,044 |
Home equity | 943 |  |  | 485 |  |  | 78 |  |  | 952 |  |  | 2,458 |  |  | 674,524 |  |  | 676,982 |  |  | 952 |
Commercial mortgage | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,500,680 |  |  | 1,500,680 |  |  | — |
Consumer | 5,255 |  |  | 1,444 |  |  | 373 |  |  | 608 |  |  | 7,680 |  |  | 502,843 |  |  | 510,523 |  |  | — |
Total | $ | 18,056 |  |  | $ | 5,455 |  |  | $ | 774 |  |  | $ | 11,018 |  |  | $ | 35,303 |  |  | $ | 5,297,549 |  |  | $ | 5,332,852 |  |  | $ | 9,996 |
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the impairment measurement methods, by class | The following tables present the amortized cost basis of collateral-dependent loans by class and the related ACL allocated to these loans as of the dates presented:
(dollars in thousands) |  | Secured by 1-4 Family Residential Properties |  |  |  |  |  |  |  |  |  | Allocated ACL
September 30, 2025 |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | $ | 11,413 |  |  |  |  |  |  |  |  |  |  | $ | — |
Home equity |  | 2,119 |  |  |  |  |  |  |  |  |  |  | — |
Total |  | $ | 13,532 |  |  |  |  |  |  |  |  |  |  | $ | — |
(dollars in thousands) |  | Secured by 1-4 Family Residential Properties |  |  |  |  |  |  |  |  |  | Allocated ACL
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Residential mortgage |  | $ | 9,044 |  |  |  |  |  |  |  |  |  |  | $ | — |
Home equity |  | 952 |  |  |  |  |  |  |  |  |  |  | — |
Total |  | $ | 9,996 |  |  |  |  |  |  |  |  |  |  | $ | — |
Schedule of recorded investment in loans and leases, by class and credit indicator | The following tables present the amortized cost basis, net of deferred fees and costs, of the Company's loans by class, credit quality indicator and origination year as of the dates presented. Revolving loans converted to term as of and during the periods presented were not material to the total loan portfolio. In addition, the following tables present gross charge-offs of loans by origination year during the periods presented.
(dollars in thousands) |  | Amortized Cost of Term Loans by Year of Origination |  | Amortized Cost of Revolving Loans |  |
September 30, 2025 |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  |  | Total
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 49,927 |  |  | $ | 181,982 |  |  | $ | 41,427 |  |  | $ | 60,834 |  |  | $ | 51,465 |  |  | $ | 120,034 |  |  | $ | 97,335 |  |  | $ | 603,004 |
Special Mention |  | — |  |  | — |  |  | 1,076 |  |  | — |  |  | — |  |  | — |  |  | 862 |  |  | 1,938 |
Substandard |  | — |  |  | 3,231 |  |  | 422 |  |  | — |  |  | 85 |  |  | 124 |  |  | 10 |  |  | 3,872 |
Subtotal |  | 49,927 |  |  | 185,213 |  |  | 42,925 |  |  | 60,834 |  |  | 51,550 |  |  | 120,158 |  |  | 98,207 |  |  | 608,814 |
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 42,890 |  |  | 19,092 |  |  | 51,045 |  |  | 45,923 |  |  | 17,814 |  |  | 40,846 |  |  | — |  |  | 217,610 |
Subtotal |  | 42,890 |  |  | 19,092 |  |  | 51,045 |  |  | 45,923 |  |  | 17,814 |  |  | 40,846 |  |  | — |  |  | 217,610 |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 53,078 |  |  | 77,955 |  |  | 83,662 |  |  | 241,205 |  |  | 565,322 |  |  | 804,866 |  |  | — |  |  | 1,826,088 |
Substandard |  | — |  |  | — |  |  | 249 |  |  | 1,599 |  |  | 1,312 |  |  | 10,287 |  |  | — |  |  | 13,447 |
Subtotal |  | 53,078 |  |  | 77,955 |  |  | 83,911 |  |  | 242,804 |  |  | 566,634 |  |  | 815,153 |  |  | — |  |  | 1,839,535 |
Home equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 301 |  |  | 997 |  |  | 11,063 |  |  | 25,737 |  |  | 16,986 |  |  | 32,179 |  |  | 521,507 |  |  | 608,770 |
Substandard |  | — |  |  | — |  |  | 1,185 |  |  | — |  |  | — |  |  | 934 |  |  | — |  |  | 2,119 |
Subtotal |  | 301 |  |  | 997 |  |  | 12,248 |  |  | 25,737 |  |  | 16,986 |  |  | 33,113 |  |  | 521,507 |  |  | 610,889 |
Commercial mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 188,748 |  |  | 145,868 |  |  | 94,584 |  |  | 197,427 |  |  | 215,995 |  |  | 691,734 |  |  | 5,871 |  |  | 1,540,227 |
Special Mention |  | — |  |  | — |  |  | 617 |  |  | 30,000 |  |  | — |  |  | 475 |  |  | — |  |  | 31,092 |
Substandard |  | — |  |  | 33,231 |  |  | — |  |  | — |  |  | 1,390 |  |  | 7,247 |  |  | — |  |  | 41,868 |
Subtotal |  | 188,748 |  |  | 179,099 |  |  | 95,201 |  |  | 227,427 |  |  | 217,385 |  |  | 699,456 |  |  | 5,871 |  |  | 1,613,187 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Risk Rating |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 72,953 |  |  | 94,023 |  |  | 61,288 |  |  | 112,369 |  |  | 79,008 |  |  | 20,943 |  |  | 35,804 |  |  | 476,388 |
Substandard |  | 63 |  |  | 35 |  |  | 79 |  |  | 109 |  |  | 72 |  |  | 421 |  |  | — |  |  | 779 |
Subtotal |  | 73,016 |  |  | 94,058 |  |  | 61,367 |  |  | 112,478 |  |  | 79,080 |  |  | 21,364 |  |  | 35,804 |  |  | 477,167 |
Total |  | $ | 407,960 |  |  | $ | 556,414 |  |  | $ | 346,697 |  |  | $ | 715,203 |  |  | $ | 949,449 |  |  | $ | 1,730,090 |  |  | $ | 661,389 |  |  | $ | 5,367,202 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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