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Loans Receivable, Net (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Summary of Loans Receivable
Loans receivable, net at December 31, 2022 and 2021 consisted of the following (in thousands):
 December 31,
 20222021
Commercial:
Commercial real estate - investor$5,171,952 $4,378,061 
Commercial real estate - owner occupied997,367 1,055,065 
Commercial and industrial (1)
622,372 449,224 
Total commercial6,791,691 5,882,350 
Consumer:
Residential real estate2,861,991 2,479,701 
Home equity loans and lines and other consumer (“other consumer”)264,372 260,819 
Total consumer3,126,363 2,740,520 
Total loans receivable9,918,054 8,622,870 
Deferred origination costs, net of fees7,488 9,332 
Allowance for loan credit losses(56,824)(48,850)
Total loans receivable, net$9,868,718 $8,583,352 
(1)The commercial and industrial loans balance at December 31, 2022 and 2021 includes Paycheck Protection Program (“PPP”) loans of $1.6 million and $22.9 million, respectively.
Risk Category of Loans by Loan Portfolio Segment Excluding PCI Loans
The following tables summarize total loans by year of origination, internally assigned credit grades, and risk characteristics (in thousands):
202220212020201920182017 and priorRevolving lines of creditTotal
December 31, 2022
Commercial real estate - investor
Pass$1,144,763 $1,339,289 $555,937 $524,428 $220,999 $881,344 $450,787 $5,117,547 
Special Mention— 2,508 192 17,094 — 12,818 2,188 34,800 
Substandard— — — 893 — 18,180 532 19,605 
Total commercial real estate - investor1,144,763 1,341,797 556,129 542,415 220,999 912,342 453,507 5,171,952 
Commercial real estate - owner occupied
Pass119,912 110,440 59,952 115,385 88,204 458,708 14,932 967,533 
Special Mention— — — — 748 5,679 — 6,427 
Substandard— — 3,750 2,037 4,817 12,803 — 23,407 
Total commercial real estate - owner occupied119,912 110,440 63,702 117,422 93,769 477,190 14,932 997,367 
Commercial and industrial
Pass60,078 23,724 14,072 17,175 10,992 47,370 443,211 616,622 
Special Mention— 7 — — — 250 1,680 1,937 
Substandard— 21 76 1,083 301 2,212 120 3,813 
Total commercial and industrial60,078 23,752 14,148 18,258 11,293 49,832 445,011 622,372 
Residential real estate (1)
Pass919,364 591,745 419,712 247,387 99,945 577,392 — 2,855,545 
Special Mention— 193 1,514 204 59 2,407 — 4,377 
Substandard— — — 656 286 1,127 — 2,069 
Total residential real estate919,364 591,938 421,226 248,247 100,290 580,926 — 2,861,991 
Other consumer (1)
Pass24,069 24,111 15,440 15,471 39,057 108,818 34,851 261,817 
Special Mention— — — 75 — 598 — 673 
Substandard— — — 157 18 1,707 — 1,882 
Total other consumer24,069 24,111 15,440 15,703 39,075 111,123 34,851 264,372 
Total loans$2,268,186 $2,092,038 $1,070,645 $942,045 $465,426 $2,131,413 $948,301 $9,918,054 
(1)For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity.
202120202019201820172016 and priorRevolving lines of creditTotal
December 31, 2021
Commercial real estate - investor
Pass$1,387,753 $609,916 $535,551 $274,662 $375,646 $800,089 $255,613 $4,239,230 
Special Mention— — 23,794 9,400 2,731 28,663 582 65,170 
Substandard— 4,267 28,802 468 8,495 28,228 3,401 73,661 
Total commercial real estate - investor1,387,753 614,183 588,147 284,530 386,872 856,980 259,596 4,378,061 
Commercial real estate - owner occupied
Pass116,355 71,196 125,212 91,531 109,232 449,966 10,913 974,405 
Special Mention— — 1,365 3,829 479 14,371 2 20,046 
Substandard— — 14,166 8,549 5,606 31,576 717 60,614 
Total commercial real estate - owner occupied116,355 71,196 140,743 103,909 115,317 495,913 11,632 1,055,065 
Commercial and industrial
Pass42,955 22,573 22,878 16,404 8,671 50,887 271,818 436,186 
Special Mention— — 231 350 85 172 3,645 4,483 
Substandard— 457 2,281 813 198 2,029 2,777 8,555 
Total commercial and industrial42,955 23,030 25,390 17,567 8,954 53,088 278,240 449,224 
Residential real estate (1)
Pass876,135 475,134 288,699 127,756 105,385 602,331 — 2,475,440 
Special Mention— 212 — 61 — 1,313 — 1,586 
Substandard— — — — 351 2,324 — 2,675 
Total residential real estate876,135 475,346 288,699 127,817 105,736 605,968 — 2,479,701 
Other consumer (1)
Pass26,512 19,168 18,179 51,954 17,955 123,783 — 257,551 
Special Mention— — — — — 322 — 322 
Substandard— — — 18 — 2,928 — 2,946 
Total other consumer26,512 19,168 18,179 51,972 17,955 127,033 — 260,819 
Total loans$2,449,710 $1,202,923 $1,061,158 $585,795 $634,834 $2,138,982 $549,468 $8,622,870 
(1)For residential real estate and other consumer loans, the Company evaluates credit quality based on the aging status of the loan and by payment activity.
Analysis of Allowance for Loan Losses
An analysis of the allowance for credit losses on loans for the years ended December 31, 2022 and 2021 is as follows (in thousands):
Commercial Real Estate - InvestorCommercial Real Estate - Owner OccupiedCommercial
and
Industrial		Residential
Real Estate		Other ConsumerTotal
For the Year Ended December 31, 2022
Allowance for credit losses on loans
Balance at beginning of year$25,504 $5,884 $5,039 $11,155 $1,268 $48,850 
Credit loss (benefit) expense(4,481)(1,569)561 13,275 (152)7,634 
Charge-offs (8)(62)(60)(56)(387)(573)
Recoveries55 170 155 156 377 913 
Balance at end of year$21,070 $4,423 $5,695 $24,530 $1,106 $56,824 
For the Year Ended December 31, 2021
Allowance for credit losses on loans
Balance at beginning of year$26,703 $15,054 $5,390 $11,818 $1,770 $60,735 
Credit loss benefit(974)(9,190)(321)(761)(1,100)(12,346)
Charge-offs (345)(65)(154)(254)(213)(1,031)
Recoveries120 85 124 352 811 1,492 
Balance at end of year$25,504 $5,884 $5,039 $11,155 $1,268 $48,850 
Recorded Investment in Non-Accrual Loans by Loan Portfolio Segment Excluding PCI Loans
The following table presents the recorded investment in non-accrual loans by loan portfolio segment as of December 31, 2022 and 2021 (in thousands):
 December 31,
 20222021
Commercial real estate – investor$10,483 $3,614 
Commercial real estate – owner occupied4,025 11,904 
Commercial and industrial331 277 
Residential real estate5,969 6,114 
Other consumer2,457 3,585 
Total non-accrual loans$23,265 $25,494 
Aging of Recorded Investment in Past Due Loans Excluding PCI Loans
The following table presents the aging of the recorded investment in past due loans as of December 31, 2022 and 2021 by loan portfolio segment (in thousands).
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or Greater
Past Due		Total
Past Due		Loans Not
Past Due		Total
December 31, 2022
Commercial real estate – investor$217 $875 $3,700 $4,792 $5,167,160 $5,171,952 
Commercial real estate – owner occupied143 80 3,750 3,973 993,394 997,367 
Commercial and industrial159 47 180 386 621,986 622,372 
Residential real estate7,003 4,377 2,069 13,449 2,848,542 2,861,991 
Other consumer573 673 1,882 3,128 261,244 264,372 
$8,095 $6,052 $11,581 $25,728 $9,892,326 $9,918,054 
December 31, 2021
Commercial real estate – investor$1,717 $102 $1,709 $3,528 $4,374,533 $4,378,061 
Commercial real estate – owner occupied599 — 575 1,174 1,053,891 1,055,065 
Commercial and industrial25 151 277 453 448,771 449,224 
Residential real estate9,705 1,586 2,675 13,966 2,465,735 2,479,701 
Other consumer339 322 2,946 3,607 257,212 260,819 
$12,385 $2,161 $8,182 $22,728 $8,600,142 $8,622,870 
Troubled Debt Restructurings
The following table presents information about TDRs which occurred during the years ended December 31, 2022 and 2021 (dollars in thousands):
Number
of Loans		Pre-modification
Recorded Investment		Post-modification
Recorded Investment
For the Year Ended December 31, 2022
Troubled debt restructurings:
Commercial and industrial1$65 $65 
Other consumer81,237 1,378 
For the Year Ended December 31, 2021
Troubled debt restructurings:
Commercial real estate – investor1$4,903 $4,903 
Commercial real estate – owner occupied26,406 6,423 
Residential real estate3244 336 
Other consumer339 49