Loans (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule of Loan Portfolio

The following table shows the Company’s loan portfolio by category as of the dates shown:

	September 30,			December 31,			September 30,
(Dollars in thousands)	2024			2023			2023
Balance:
Commercial	$	15,247,693		$	12,832,053		$	12,725,473
Commercial real estate	12,793,417			11,344,164			10,946,180
Home equity	427,043			343,976			343,258
Residential real estate	3,388,038			2,769,666			2,707,603
Premium finance receivables—property & casualty	7,131,681			6,903,529			6,722,747
Premium finance receivables—life insurance	7,996,899			7,877,943			7,931,808
Consumer and other	82,676			60,500			68,963
Total loans, net of unearned income	$	47,067,447		$	42,131,831		$	41,446,032
Mix:
Commercial	33		%	30		%	31		%
Commercial real estate	27			27			26
Home equity	1			1			1
Residential real estate	7			7			7
Premium finance receivables—property & casualty	15			16			16
Premium finance receivables—life insurance	17			19			19
Consumer and other	0			0			0
Total loans, net of unearned income	100		%	100		%	100		%

Schedule of Financing Receivable, Purchased with Credit Deterioration

The following table provides estimated details as of the date of acquisition on PCD loans acquired in 2024:

(In thousands)	Macatawa
Contractually required payments (unpaid principal balance)	$	169,472
Allowance for credit losses	(3,004)
Discount, net of any premium	(4,529)
Purchase price of PCD loans acquired	$	161,939