LOANS AND LEASES

6 Months Ended

Jun. 30, 2026

3. LOANS AND LEASES

Loans outstanding, excluding those held for sale, by general ledger classification, as of June 30, 2026 and December 31, 2025, consisted of the following:


			% of					% of
	June 30,		Total			December 31,		Total
(Dollars in thousands)	2026		Loans			2025		Loans
Residential mortgage	$	678,032		10.2	%	$	647,766		10.4	%
Multifamily mortgage		1,804,380		27.0			1,862,592		29.8
Commercial mortgage		981,896		14.7			774,428		12.4
Commercial loans (including equipment financing)		2,932,967		44.0			2,721,447		43.5
Commercial construction		771		0.0			495		0.0
Home equity lines of credit		55,136		0.8			59,306		0.9
Consumer loans, including fixed rate home equity loans		220,961		3.3			187,360		3.0
Other loans		1,108		0.0			342		0.0
Total loans	$	6,675,251		100.0	%	$	6,253,736		100.0	%

In determining an appropriate amount for the allowance, the Bank segments and aggregated the loan portfolio based on common characteristics. The following pool segments identified as of June 30, 2026 and December 31, 2025 are based on the CECL methodology:


			% of					% of
	June 30,		Total			December 31,		Total
(Dollars in thousands)	2026		Loans			2025		Loans
Primary residential mortgage	$	667,771		10.0	%	$	632,890		10.1	%
Junior lien loan on residence		57,467		0.9			61,420		1.0
Multifamily property		1,804,380		27.0			1,862,592		29.8
Owner-occupied commercial real estate		297,144		4.5			289,801		4.6
Investment commercial real estate		1,320,989		19.8			1,101,082		17.6
Commercial and industrial		1,988,934		29.8			1,823,557		29.2
Lease financing		287,212		4.3			266,038		4.3
Construction		21,466		0.3			24,959		0.4
Consumer and other		227,391		3.4			189,633		3.0
Total loans		6,672,754		100.0	%		6,251,972		100.0	%
Net deferred costs		2,497					1,764
Total loans including net deferred costs	$	6,675,251				$	6,253,736

The following tables present the recorded investment in nonaccrual and loans past due 90 days or over still on accrual by class of loans as of June 30, 2026 and December 31, 2025:


			June 30, 2026
	Nonaccrual				Loans Past Due
	With No				90 Days or Over
	Allowance				And Still
(In thousands)	for Credit Loss		Nonaccrual		Accruing Interest
Primary residential mortgage	$	3,097	$	3,097	$	—
Junior lien loan on residence		103		103		—
Multifamily property		22,620		42,571		3,300
Investment commercial real estate		9,564		9,564		—
Commercial and industrial		2,963		12,619		—
Consumer and other		—		80		—
Total	$	38,347	$	68,034	$	3,300


			December 31, 2025
	Nonaccrual				Loans Past Due
	With No				90 Days or Over
	Allowance				And Still
(In thousands)	for Credit Loss		Nonaccrual		Accruing Interest
Primary residential mortgage	$	2,573	$	2,573	$	—
Junior lien loan on residence		106		106		—
Multifamily property		14,671		31,343		—
Investment commercial real estate		9,628		11,557		—
Commercial and industrial		8,973		22,641		—
Lease financing		23		23		—
Total	$	35,974	$	68,243	$	—

The following tables present the aging of the recorded investment in past due loans as of June 30, 2026 and December 31, 2025 by class of loans, excluding nonaccrual loans:


	June 30, 2026
	30-59		60-89		90 Days or
	Days		Days		Greater		Total
(In thousands)	Past Due		Past Due		Past Due		Past Due
Primary residential mortgage	$	1,210	$	275	$	—	$	1,485
Multifamily property		9,071		20,768		3,300		33,139
Commercial and industrial		5,564		11,192		—		16,756
Total	$	15,845	$	32,235	$	3,300	$	51,380


	December 31, 2025
	30-59		60-89		90 Days or
	Days		Days		Greater		Total
(In thousands)	Past Due		Past Due		Past Due		Past Due
Primary residential mortgage	$	7,121	$	799	$	—	$	7,920
Junior lien on residence		—		64		—		64
Multifamily property		4,642		9,576		—		14,218
Commercial and industrial		4,228		125		—		4,353
Total	$	15,991	$	10,564	$	—	$	26,555

Credit Quality Indicators:

The Company places all commercial loans into various credit risk rating categories based on an assessment of the expected ability of the borrowers to properly service their debt. The assessment considers numerous factors including, but not limited to, current financial information on the borrower, historical payment experience, strength of any guarantor, nature of and value of any collateral, acceptability of the loan structure and documentation, relevant public information and current economic trends. This credit risk rating analysis is performed when the loan is initially underwritten and then annually based on set criteria in the loan policy.

In addition, the Bank has engaged an independent loan review firm to validate risk ratings and to ensure compliance with our policies and procedures. This review of the following types of loans is performed quarterly:

•

A large sample of relationships or new lending to existing relationships greater than $1,000,000 booked since the prior review;

•

All criticized and classified rated borrowers with relationship exposure of more than $500,000;

•

A large sample of Pass-rated (including Pass Watch) borrowers with total relationships in excess of $1,000,000 and a small sample of Pass related relationships less than $1,000,000;

•

All leveraged loans of $1,000,000 or greater;

•

At least two borrowing relationships managed by each commercial banker;

•

Any new Federal Reserve Board Regulation O loan commitments over $1,000,000; and

•

Any other credits requested by Bank senior management or a member of the Board of Directors and any borrower for which the reviewer determines a review is warranted based upon knowledge of the portfolio, local events, industry stresses, etc.

The review excludes borrowers with commitments of less than $500,000.

The Company uses the following regulatory definitions for criticized and classified risk ratings:

Special Mention: These loans have a potential weakness that deserves Management’s close attention. If left uncorrected, the potential weaknesses may result in deterioration of the repayment prospects for the loans or of the institution’s credit position at some future date.

Substandard: These loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful: These loans have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, based on currently existing facts, conditions and values.

Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass-rated loans.

With the adoption of CECL, loans that are in the process of or expected to be in foreclosure are deemed to be collateral dependent with respect to measuring potential loss and allowance adequacy and are individually evaluated by Management. Loans that do not share common risk characteristics are also evaluated on an individual basis. All other loans are evaluated using a non-linear discounted cash flow methodology for measuring potential loss and allowance adequacy.

The following is a summary of the credit risk profile of loans by internally assigned grade as of June 30, 2026 and December 31, 2025 based on originations for the periods indicated; the years represent the year of origination for non-revolving loans:


	Grade as of June 30, 2026 for Loans Originated During
											2021				Revolving-
(In thousands)	2026		2025		2024		2023		2022		and Prior		Revolving		Term		Total
Primary residential mortgage:
Pass	$	81,333	$	77,261	$	66,180	$	77,999	$	95,946	$	257,403	$	—	$	7,549	$	663,671
Special mention		—		—		—		348		—		—		—		—		348
Substandard		—		—		—		1,309		1,404		1,039		—		—		3,752
Doubtful		—		—		—		—		—		—		—		—		—
Total primary residential mortgages		81,333		77,261		66,180		79,656		97,350		258,442		—		7,549		667,771
Current period gross charge-offs		—		—		—		—		—		1		—		—		1

Junior lien loan on residence:
Pass		—		—		—		388		892		552		49,091		6,441		57,364
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		19		84		103
Doubtful		—		—		—		—		—		—		—		—		—
Total junior lien loan on residence		—		—		—		388		892		552		49,110		6,525		57,467
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Multifamily property:
Pass		83,556		227,317		21,248		43,259		408,553		908,385		—		44,391		1,736,709
Special mention		—		—		—		—		3,374		21,726		—		—		25,100
Substandard		—		—		—		—		—		42,571		—		—		42,571
Doubtful		—		—		—		—		—		—		—		—		—
Total multifamily property		83,556		227,317		21,248		43,259		411,927		972,682		—		44,391		1,804,380
Current period gross charge-offs		—		—		—		—		—		8,298		—		—		8,298

Owner-occupied commercial real estate:
Pass		24,218		60,723		31,531		3,973		20,713		132,230		12,218		9,736		295,342
Special mention		—		—		—		—		—		—		500		—		500
Substandard		—		—		—		—		—		1,302		—		—		1,302
Doubtful		—		—		—		—		—		—		—		—		—
Total owner-occupied commercial real estate		24,218		60,723		31,531		3,973		20,713		133,532		12,718		9,736		297,144
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Investment commercial real estate:
Pass		289,658		281,431		39,853		98,015		95,253		427,274		29,561		28,467		1,289,512
Special mention		—		—		—		—		21,269		644		—		—		21,913
Substandard		—		—		—		—		9,564		—		—		—		9,564
Doubtful		—		—		—		—		—		—		—		—		—
Total investment commercial real estate		289,658		281,431		39,853		98,015		126,086		427,918		29,561		28,467		1,320,989
Current period gross charge-offs		—		—		—		—		—		994		—		—		994

Commercial and industrial:
Pass		272,967		425,519		231,959		52,941		84,906		76,358		756,848		35,124		1,936,622
Special mention		—		—		146		790		—		5,894		—		5,141		11,971
Substandard		217		1,876		10,550		1,249		—		779		11,794		13,876		40,341
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial and industrial		273,184		427,395		242,655		54,980		84,906		83,031		768,642		54,141		1,988,934
Current period gross charge-offs		—		345		—		7,810		—		—		—		—		8,155

Lease financing:
Pass		54,392		97,392		34,693		28,716		26,315		45,704		—		—		287,212
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total lease financing		54,392		97,392		34,693		28,716		26,315		45,704		—		—		287,212
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Construction:
Pass		—		5,500		—		—		—		—		13,452		2,514		21,466
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial construction loans		—		5,500		—		—		—		—		13,452		2,514		21,466
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Consumer and other loans:
Pass		61,887		104,294		—		—		—		2,674		52,870		5,586		227,311
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		80		—		80
Doubtful		—		—		—		—		—		—		—		—		—
Total consumer and other loans		61,887		104,294		—		—		—		2,674		52,950		5,586		227,391
Current period gross charge-offs		—		—		—		—		—		—		—		14		14

Total:


	Grade as of June 30, 2026 for Loans Originated During
											2021				Revolving-
(In thousands)	2026		2025		2024		2023		2022		and Prior		Revolving		Term		Total
Pass		868,011		1,279,437		425,464		305,291		732,578		1,850,580		914,040		139,808		6,515,209
Special mention		—		—		146		1,138		24,643		28,264		500		5,141		59,832
Substandard		217		1,876		10,550		2,558		10,968		45,691		11,893		13,960		97,713
Doubtful		—		—		—		—		—		—		—		—		—
Total Loans	$	868,228	$	1,281,313	$	436,160	$	308,987	$	768,189	$	1,924,535	$	926,433	$	158,909	$	6,672,754
Total Current Period Gross Charge-offs	$	—	$	345	$	—	$	7,810	$	—	$	9,293	$	—	$	14	$	17,462


	Grade as of December 31, 2025 for Loans Originated During
											2020				Revolving-
(In thousands)	2025		2024		2023		2022		2021		and Prior		Revolving		Term		Total
Primary residential mortgage:
Pass	$	85,591	$	71,744	$	84,353	$	100,859	$	65,826	$	213,686	$	—	$	7,595	$	629,654
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		1,341		725		—		1,170		—		—		3,236
Doubtful		—		—		—		—		—		—		—		—		—
Total primary residential mortgages		85,591		71,744		85,694		101,584		65,826		214,856		—		7,595		632,890
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Junior lien loan on residence:
Pass		—		—		456		966		53		640		53,187		6,013		61,315
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		104		1		105
Doubtful		—		—		—		—		—		—		—		—		—
Total junior lien loan on residence		—		—		456		966		53		640		53,291		6,014		61,420
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Multifamily property:
Pass		228,337		23,563		50,982		404,551		582,573		457,032		525		44,575		1,792,138
Special mention		—		—		—		—		9,577		4,510		—		—		14,087
Substandard		—		—		—		11,888		14,337		30,142		—		—		56,367
Doubtful		—		—		—		—		—		—		—		—		—
Total multifamily property		228,337		23,563		50,982		416,439		606,487		491,684		525		44,575		1,862,592
Current period gross charge-offs		—		—		—		6,724		—		6,267		—		—		12,991

Owner-occupied commercial real estate:
Pass		66,950		31,903		4,051		21,019		42,915		95,725		15,980		9,947		288,490
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		1,311		—		—		1,311
Doubtful		—		—		—		—		—		—		—		—		—
Total owner-occupied commercial real estate		66,950		31,903		4,051		21,019		42,915		97,036		15,980		9,947		289,801
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Investment commercial real estate:
Pass		282,992		40,256		99,050		127,401		70,298		386,318		21,975		35,928		1,064,218
Special mention		—		—		—		22,030		—		3,277		—		—		25,307
Substandard		—		—		—		9,628		—		1,929		—		—		11,557
Doubtful		—		—		—		—		—		—		—		—		—
Total investment commercial real estate		282,992		40,256		99,050		159,059		70,298		391,524		21,975		35,928		1,101,082
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Commercial and industrial:
Pass		474,578		299,802		71,416		95,215		92,549		11,815		694,850		25,386		1,765,611
Special mention		—		—		935		—		6,870		647		3,000		181		11,633
Substandard		—		10,234		1,249		—		120		2,377		19,634		12,699		46,313
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial and industrial		474,578		310,036		73,600		95,215		99,539		14,839		717,484		38,266		1,823,557
Current period gross charge-offs		—		232		2,517		11,087		—		44		—		—		13,880

Lease financing:
Pass		103,440		38,742		31,353		29,541		38,229		23,992		718		—		266,015
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		23		—		—		23
Doubtful		—		—		—		—		—		—		—		—		—
Total lease financing		103,440		38,742		31,353		29,541		38,229		24,015		718		—		266,038
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Construction:
Pass		5,500		—		—		—		—		—		19,459		—		24,959
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial construction loans		5,500		—		—		—		—		—		19,459		—		24,959
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Consumer and other loans:
Pass		140,823		—		—		—		149		2,623		43,417		2,621		189,633
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total consumer and other loans		140,823		—		—		—		149		2,623		43,417		2,621		189,633
Current period gross charge-offs		—		—		—		—		—		4		—		33		37

Total:
Pass		1,388,211		506,010		341,661		779,552		892,592		1,191,831		850,111		132,065		6,082,033
Special mention		—		—		935		22,030		16,447		8,434		3,000		181		51,027
Substandard		—		10,234		2,590		22,241		14,457		36,952		19,738		12,700		118,912
Doubtful		—		—		—		—		—		—		—		—		—
Total Loans	$	1,388,211	$	516,244	$	345,186	$	823,823	$	923,496	$	1,237,217	$	872,849	$	144,946	$	6,251,972
Total Current Period Gross Charge-offs	$	—	$	232	$	2,517	$	17,811	$	—	$	6,315	$	—	$	33	$	26,908

At June 30, 2026, $68.0 million of substandard loans were individually evaluated, compared to $68.2 million at December 31, 2025. The decrease in substandard loans was driven by the upgrade of four multifamily loans totaling $22.7 million and the liquidation of one multifamily loan with a balance of $7.2 million, offset by the downgrade of five multifamily loans totaling $16.6 million during

the six months ended June 30, 2026. The increase in special mention loans was primarily due to four multifamily loans with an outstanding balance of $23.8 million and three commercial loans with an outstanding balance of $2.3 million at June 30, 2026. This increase was partially offset by the sale of one multifamily loan of $8.3 million, the payoff of one investment commercial real estate loan of $2.6 million and the upgrade of one multifamily loan of $4.5 million.

Loan Modifications:

The Company will provide loan modifications, at its discretion, to assist borrowers that may be experiencing financial difficulty. Examples of changes provided in a loan modification may include payment deferrals that are more than insignificant, an extension of the note term, or a reduction in the interest rate on a note. In certain instances, the Company may grant more than one type of modification. All accruing modified loans were paying in accordance with their modified terms as of June 30, 2026. The Company has not committed to lend additional amounts as of June 30, 2026 to customers with outstanding loans that are classified as modified loans.

There were seven loan modifications made during the first six months of 2026, which included two multifamily loans, two primary residential mortgages, and three commercial and industrial loans totaling $4.0 million, $430,000 and $2.3 million, respectively.

The following tables provide information related to the modifications completed during the three months ended June 30, 2026 by pool segment and type of concession granted:


	Significant Payment Delay
	Three Months Ended
	June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Primary residential mortgage	$	348		0.05	%
Total	$	348		0.05	%


	Combination Interest Rate Reduction
	and Significant Payment Delay
	Three Months Ended
	June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Multifamily property	$	2,808		0.16	%
Total	$	2,808		0.16	%


	Combination Significant Payment
	Term Extension
	Three Months Ended
	June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Commercial and industrial	$	117		0.01	%
Total	$	117		0.01	%

The following tables provide information related to the modifications completed during the six months ended June 30, 2026 by pool segment and type of concession granted:


	Significant Payment Delay
	Six Months Ended June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Primary residential mortgage	$	430		0.06	%
Total	$	430		0.06	%


	Combination Interest Rate Reduction
	and Significant Payment Delay
	Six Months Ended June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Multifamily property	$	4,017		0.22	%
Total	$	4,017		0.22	%


	Combination Significant Payment
	Delay and Term Extension
	Six Months Ended June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Commercial and industrial	$	2,216		0.11	%
Total	$	2,216		0.11	%


	Term Extension
	Six Months Ended June 30, 2026
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Commercial and industrial	$	117		0.01	%
Total	$	117		0.01	%

The following table provides information related to the modifications during the three months ended June 30, 2025 by pool segment and type of concession granted:


	Significant Payment Delay
	Three Months Ended
	June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Multifamily property	$	38,563		2.15	%
Total	$	38,563		2.15	%


	Combination Interest Rate Reduction
	and Significant Payment Delay
	Three Months Ended
	June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Multifamily property	$	41,432		2.31	%
Commercial and industrial		92		0.01	%
Total	$	41,524		2.32	%


	Combination Interest Rate Reduction
	and Significant Payment Delay
	Three Months Ended
	June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Multifamily property	$	2,889		0.16	%
Total	$	2,889		0.16	%

The following table provides information related to the modifications during the six months ended June 30, 2025 by pool segment and type of concession granted:


	Significant Payment Delay
	Six Months Ended June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Primary residential mortgage	$	289		0.05	%
Multifamily property		46,866		2.61	%
Commercial and industrial		10,774		0.66	%
Total	$	57,929		3.32	%


	Combination Interest Rate Reduction
	and Significant Payment Delay
	Six Months Ended June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Multifamily property	$	50,739		2.83	%
Commercial and industrial		92		0.01	%
Total	$	50,831		2.84	%


	Combination Significant Payment
	Delay and Term Extension
	Six Months Ended June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Commercial and industrial	$	416		0.03	%
Total	$	416		0.03	%


	Combination Interest Rate Reduction
	Significant Payment Delay & Term Extension
	Six Months Ended June 30, 2025
	Amortized		% of Total
	Cost Basis		Class of
	at Period		Financing
(Dollars in thousands)	End		Receivable
Commercial and industrial	$	2,889		0.16	%
Total	$	2,889		0.16	%

The following table depicts the payment status of the loans that were modified to a borrower experiencing financial difficulties as of June 30, 2026:


	Payment Status at June 30, 2026
			30-89 Days		90+ Days
(Dollars in thousands)	Current		Past Due		Past Due
Primary residential mortgage	$	653	$	82	$	92
Multifamily property		31,908		—		2,329
Commercial and industrial		9,859		3,936		—
Total	$	42,420	$	4,018	$	2,421

The following table depicts the payment status of the loans that were modified to a borrower experiencing financial difficulties as of June 30, 2025:


	Payment Status at June 30, 2025
			30-89 Days		90+ Days
(Dollars in thousands)	Current		Past Due		Past Due
Primary residential mortgage	$	804	$	112	$	—
Multifamily property		92,190		8,303		—
Investment commercial real estate		17,753		—		—
Commercial and industrial		13,466		9,545		7,919
Total	$	124,213	$	17,960	$	7,919

The following table presents loans by class modified that failed to comply with the modified terms in the twelve months following modification and resulted in a payment default at June 30, 2026:


	Amortized Cost Basis of Modified Loans
	That Subsequently Defaulted
	Six Months Ended June 30, 2026
	Significant		Term
(Dollars in thousands)	Pay Delay		Extension
Primary residential mortgage	$	480	$	—
Multifamily property		2,329		—
Commercial and industrial		—		8,462
Total	$	2,809	$	8,462

The following table presents loans by class modified that failed to comply with the modified terms in the twelve months following modification and resulted in a payment default at June 30, 2025:


	Amortized Cost Basis of Modified Loans
	That Subsequently Defaulted
	Six Months Ended June 30, 2025
			Interest Rate		Significant
			Reduction &		Pay Delay
	Significant		Significant		and Term
(Dollars in thousands)	Pay Delay		Pay Delay		Extension
Primary residential mortgage	$	804	$	—	$	—
Multifamily property		8,303		9,307		—
Investment commercial real estate		—		—		17,753
Commercial and industrial		9,545		—		6,742
Total	$	18,652	$	9,307	$	24,495