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Loans Receivable and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of the Composition of Loan Held-For-Investment

The following table presents the composition of the Company’s loans held-for-investment outstanding as of December 31, 2025 and 2024:



($ in thousands)	December 31, 2025		December 31, 2024
Commercial:
C&I	$	18,650,755		$	17,397,158
CRE:
CRE	15,407,088			14,655,340
Multifamily residential	5,112,328			4,953,442
Construction and land	742,357			666,162
Total CRE	21,261,773			20,274,944
Total commercial	39,912,528			37,672,102
Consumer:
Residential mortgage:
Single-family residential	15,002,549			14,175,446
HELOCs	1,911,897			1,811,628
Total residential mortgage	16,914,446			15,987,074
Other consumer	51,198			67,461
Total consumer	16,965,644			16,054,535
Total loans held-for-investment (1)	$	56,878,172		$	53,726,637
ALLL	(809,773)			(702,052)
Loans held-for-investment, net (1)	$	56,068,399		$	53,024,585

(1)Includes $26 million and $46 million of net deferred loan fees and net unamortized premiums as of December 31, 2025 and 2024, respectively.

Schedule Of Loans Held-For-Investment By Loan Portfolio Segments, Internal Risk Ratings, Gross Write-Offs And Vintage Year

The following tables summarize the Company’s loans held-for-investment and year-to-date gross write-offs by loan portfolio segments, internal risk ratings and vintage year as of December 31, 2025 and 2024. The vintage year is the year of loan origination, renewal or major modification. Revolving loans that are converted to term loans presented in the tables below are excluded from the term loans by vintage year columns.


	December 31, 2025
	Term Loans by Origination Year
($ in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Commercial:
C&I:
Pass	$	3,013,368	$	1,717,361	$	880,267	$	536,461	$	391,413	$	302,893	$	11,308,551	$	67,968	$	18,218,282
Criticized (accrual)	572		35,223		1,662		93,562		83,813		6,771		158,626		—		380,229
Criticized (nonaccrual)	2,922		4,733		26,810		1,640		9,525		6,526		88		—		52,244


Total C&I	3,016,862		1,757,317		908,739		631,663		484,751		316,190		11,467,265		67,968		18,650,755
Gross write-offs (2)	2,617		1,199		28,752		4,643		1,063		3,170		24		—		41,468
CRE:
Pass	2,615,789		1,562,420		2,015,433		3,188,363		1,708,927		3,607,918		78,712		47,512		14,825,074
Criticized (accrual)	30,275		29,807		116,862		134,018		48,569		183,937		—		—		543,468
Criticized (nonaccrual)	3,317		—		4,172		7,439		12,330		11,288		—		—		38,546


Subtotal CRE	2,649,381		1,592,227		2,136,467		3,329,820		1,769,826		3,803,143		78,712		47,512		15,407,088
Gross write-offs	8,932		—		—		160		19		15,126		—		—		24,237
Multifamily residential:
Pass	895,323		338,209		478,782		1,138,693		663,916		1,547,124		32,207		3,820		5,098,074
Criticized (accrual)	—		—		—		5,175		—		8,787		—		—		13,962
Criticized (nonaccrual)	—		—		—		—		—		292		—		—		292


Subtotal multifamily residential	895,323		338,209		478,782		1,143,868		663,916		1,556,203		32,207		3,820		5,112,328
Gross write-offs	—		—		—		—		—		8		—		—		8
Construction and land:
Pass	246,380		109,799		247,482		90,086		13,437		3,462		3,901		—		714,547

Criticized (nonaccrual)	—		8,897		—		18,913		—		—		—		—		27,810
Subtotal construction and land	246,380		118,696		247,482		108,999		13,437		3,462		3,901		—		742,357

Total CRE	3,791,084		2,049,132		2,862,731		4,582,687		2,447,179		5,362,808		114,820		51,332		21,261,773

Total CRE gross write-offs (2)	8,932		—		—		160		19		15,134		—		—		24,245

Total commercial	$	6,807,946	$	3,806,449	$	3,771,470	$	5,214,350	$	2,931,930	$	5,678,998	$	11,582,085	$	119,300	$	39,912,528

Total commercial gross write-offs (2)	$	11,549	$	1,199	$	28,752	$	4,803	$	1,082	$	18,304	$	24	$	—	$	65,713


	December 31, 2025
	Term Loans by Origination Year
($ in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Consumer:
Residential mortgage:
Single-family residential:
Pass (3)	$	2,861,764	$	1,837,821	$	2,349,242	$	2,808,694	$	1,860,110	$	3,228,996	$	—	$	—	$	14,946,627
Criticized (accrual)	3,157		3,646		5,589		5,427		235		9,356		—		—		27,410
Criticized (nonaccrual) (3)	4,566		891		3,445		4,617		1,620		13,373		—		—		28,512
Subtotal single-family residential mortgage	2,869,487		1,842,358		2,358,276		2,818,738		1,861,965		3,251,725		—		—		15,002,549
Gross write-offs (2)	—		14		—		—		—		—		—		—		14
HELOCs:
Pass	13,652		4,796		4,740		5,258		11,233		22,213		1,750,894		70,577		1,883,363
Criticized (accrual)	1,879		—		97		140		287		526		6,784		1,654		11,367
Criticized (nonaccrual)	1,288		13		379		2,610		1,232		7,033		—		4,612		17,167
Subtotal HELOCs	16,819		4,809		5,216		8,008		12,752		29,772		1,757,678		76,843		1,911,897
Gross write-offs	—		—		—		—		—		—		—		6		6
Total residential mortgage	2,886,306		1,847,167		2,363,492		2,826,746		1,874,717		3,281,497		1,757,678		76,843		16,914,446
Total residential mortgage gross write-offs (2)	—		14		—		—		—		—		—		6		20
Other consumer:
Pass	25,146		—		—		4,635		129		5,570		15,576		—		51,056

Criticized (nonaccrual)	—		—		49		—		—		—		93		—		142
Total other consumer	25,146		—		49		4,635		129		5,570		15,669		—		51,198

Total consumer	$	2,911,452	$	1,847,167	$	2,363,541	$	2,831,381	$	1,874,846	$	3,287,067	$	1,773,347	$	76,843	$	16,965,644
Total consumer gross write-offs (2)	$	—	$	14	$	—	$	—	$	—	$	—	$	—	$	6	$	20
Total loans held-for-investment:
Pass	$	9,671,422	$	5,570,406	$	5,975,946	$	7,772,190	$	4,649,165	$	8,718,176	$	13,189,841	$	189,877	$	55,737,023
Criticized (accrual)	35,883		68,676		124,210		238,322		132,904		209,377		165,410		1,654		976,436
Criticized (nonaccrual)	12,093		14,534		34,855		35,219		24,707		38,512		181		4,612		164,713
Total	$	9,719,398	$	5,653,616	$	6,135,011	$	8,045,731	$	4,806,776	$	8,966,065	$	13,355,432	$	196,143	$	56,878,172
Total loans held-for-investment gross write-offs (2)	$	11,549	$	1,213	$	28,752	$	4,803	$	1,082	$	18,304	$	24	$	6	$	65,733


	December 31, 2024
	Term Loans by Origination Year
($ in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Commercial:
C&I:
Pass	$	2,605,928	$	1,508,948	$	999,586	$	612,015	$	243,528	$	295,884	$	10,574,404	$	23,032	$	16,863,325
Criticized (accrual)	34,412		51,415		61,041		107,355		10,538		31,160		151,747		—		447,668
Criticized (nonaccrual)	3,822		29,181		20,273		10,666		3,225		9,135		9,863		—		86,165


Total C&I	2,644,162		1,589,544		1,080,900		730,036		257,291		336,179		10,736,014		23,032		17,397,158
Gross write-offs (2)	20		47,963		14,848		11,119		1,568		3,012		27,099		—		105,629
CRE:
Pass	1,660,877		2,296,763		3,692,498		1,925,220		1,296,439		3,176,450		96,791		49,302		14,194,340
Criticized (accrual)	34,543		44,557		90,105		31,615		75,578		167,401		—		14,771		458,570
Criticized (nonaccrual)	—		—		—		—		1,756		674		—		—		2,430


Subtotal CRE	1,695,420		2,341,320		3,782,603		1,956,835		1,373,773		3,344,525		96,791		64,073		14,655,340
Gross write-offs (2)	—		—		—		—		—		3		—		—		3
Multifamily residential:
Pass	386,743		521,754		1,337,599		752,230		613,115		1,242,586		14,640		1,253		4,869,920
Criticized (accrual)	—		—		43,997		32,042		—		2,911		—		—		78,950
Criticized (nonaccrual)	—		—		—		—		—		4,572		—		—		4,572


Subtotal multifamily residential	386,743		521,754		1,381,596		784,272		613,115		1,250,069		14,640		1,253		4,953,442
Gross write-offs	—		—		—		—		—		10		—		—		10
Construction and land:
Pass	90,926		328,803		184,792		41,932		—		8,393		—		—		654,846

Criticized (nonaccrual)	—		—		11,316		—		—		—		—		—		11,316
Subtotal construction and land	90,926		328,803		196,108		41,932		—		8,393		—		—		666,162
Gross write-offs	—		—		2,289		—		—		—		—		—		2,289
Total CRE	2,173,089		3,191,877		5,360,307		2,783,039		1,986,888		4,602,987		111,431		65,326		20,274,944
Total CRE gross write-offs (2)	—		—		2,289		—		—		13		—		—		2,302
Total commercial	$	4,817,251	$	4,781,421	$	6,441,207	$	3,513,075	$	2,244,179	$	4,939,166	$	10,847,445	$	88,358	$	37,672,102
Total commercial gross write-offs (2)	$	20	$	47,963	$	17,137	$	11,119	$	1,568	$	3,025	$	27,099	$	—	$	107,931


	December 31, 2024
	Term Loans by Origination Year
($ in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Consumer:
Residential mortgage:
Single-family residential:
Pass (3)	$	2,360,674	$	2,762,921	$	3,074,668	$	2,079,323	$	1,407,031	$	2,437,446	$	—	$	—	$	14,122,063
Criticized (accrual)	4,175		3,409		750		5,810		1,548		6,069		—		—		21,761
Criticized (nonaccrual) (3)	2,716		9,673		1,929		2,035		2,404		12,865		—		—		31,622
Subtotal single-family residential mortgage	2,367,565		2,776,003		3,077,347		2,087,168		1,410,983		2,456,380		—		—		14,175,446
Gross write-offs (2)	9		—		—		—		—		—		—		—		9
HELOCs:
Pass	7,453		3,288		4,071		3,236		7,570		8,152		1,648,337		99,488		1,781,595
Criticized (accrual)	1,436		—		1,420		—		135		2,064		2,338		594		7,987
Criticized (nonaccrual)	3,161		3,095		2,520		39		418		7,301		—		5,512		22,046
Subtotal HELOCs	12,050		6,383		8,011		3,275		8,123		17,517		1,650,675		105,594		1,811,628
Gross write-offs (2)	—		10		—		—		—		—		—		5		15
Total residential mortgage	2,379,615		2,782,386		3,085,358		2,090,443		1,419,106		2,473,897		1,650,675		105,594		15,987,074
Total residential mortgage gross write-offs (2)	9		10		—		—		—		—		—		5		24
Other consumer:
Pass	14,916		—		22,992		132		—		6,800		22,555		—		67,395

Criticized (nonaccrual)	—		—		—		—		—		—		66		—		66
Total other consumer	14,916		—		22,992		132		—		6,800		22,621		—		67,461
Gross write-offs (2)	—		3,000		—		—		—		—		890		—		3,890
Total consumer	$	2,394,531	$	2,782,386	$	3,108,350	$	2,090,575	$	1,419,106	$	2,480,697	$	1,673,296	$	105,594	$	16,054,535
Total consumer gross write-offs (2)	$	9	$	3,010	$	—	$	—	$	—	$	—	$	890	$	5	$	3,914
Total loans held-for-investment:
Pass	$	7,127,517	$	7,422,477	$	9,316,206	$	5,414,088	$	3,567,683	$	7,175,711	$	12,356,727	$	173,075	$	52,553,484
Criticized (accrual)	74,566		99,381		197,313		176,822		87,799		209,605		154,085		15,365		1,014,936
Criticized (nonaccrual)	9,699		41,949		36,038		12,740		7,803		34,547		9,929		5,512		158,217



Total	$	7,211,782	$	7,563,807	$	9,549,557	$	5,603,650	$	3,663,285	$	7,419,863	$	12,520,741	$	193,952	$	53,726,637
Total loans held-for-investment gross write-offs (2)	$	29	$	50,973	$	17,137	$	11,119	$	1,568	$	3,025	$	27,989	$	5	$	111,845

(1)During the year ended December 31, 2025, $53 million of total commercial loans, comprised of C&I revolving loans, were converted to term loans. In comparison, $7 million of total commercial loans, comprised of CRE and C&I revolving loans, and $29 million of total commercial loans, primarily comprised of CRE revolving loans, were converted to term loans during the years ended December 31, 2024 and 2023, respectively. During the years ended December 31, 2025, 2024 and 2023, respectively, $2 million, $22 million and $44 million of total consumer loans, comprised of HELOCs, were converted to term loans.

(2)Excludes gross write-offs associated with loans the Company sold or settled.

(3)As of each of December 31, 2025 and 2024, $1 million of nonaccrual loans whose payments were guaranteed by the Federal Housing Administration were classified with a “Pass” rating.

Schedule of Aging Analysis of Loans

The following tables present the aging analysis of loans held-for-investment as of December 31, 2025 and 2024:



	December 31, 2025
($ in thousands)	Current Accruing Loans		Accruing Loans 30-59 Days Past Due		Accruing Loans 60-89 Days Past Due		Total Accruing Past Due Loans		Total Nonaccrual Loans		Total Loans
Commercial:
C&I	$	18,572,467	$	25,962	$	82	$	26,044	$	52,244	$	18,650,755
CRE:
CRE	15,354,548		10,525		3,469		13,994		38,546		15,407,088
Multifamily residential	5,110,783		1,253		—		1,253		292		5,112,328
Construction and land	714,547		—		—		—		27,810		742,357
Total CRE	21,179,878		11,778		3,469		15,247		66,648		21,261,773
Total commercial	39,752,345		37,740		3,551		41,291		118,892		39,912,528
Consumer:
Residential mortgage:
Single-family residential	14,899,224		46,010		27,674		73,684		29,641		15,002,549
HELOCs	1,860,080		23,328		11,322		34,650		17,167		1,911,897
Total residential mortgage	16,759,304		69,338		38,996		108,334		46,808		16,914,446
Other consumer	50,979		56		21		77		142		51,198
Total consumer	16,810,283		69,394		39,017		108,411		46,950		16,965,644
Total	$	56,562,628	$	107,134	$	42,568	$	149,702	$	165,842	$	56,878,172



	December 31, 2024
($ in thousands)	Current Accruing Loans		Accruing Loans 30-59 Days Past Due		Accruing Loans 60-89 Days Past Due		Total Accruing Past Due Loans		Total Nonaccrual Loans		Total Loans
Commercial:
C&I	$	17,288,138	$	5,690	$	17,165	$	22,855	$	86,165	$	17,397,158
CRE:
CRE	14,647,270		3,755		1,885		5,640		2,430		14,655,340
Multifamily residential	4,947,939		653		278		931		4,572		4,953,442
Construction and land	653,919		927		—		927		11,316		666,162
Total CRE	20,249,128		5,335		2,163		7,498		18,318		20,274,944
Total commercial	37,537,266		11,025		19,328		30,353		104,483		37,672,102
Consumer:
Residential mortgage:
Single-family residential	14,088,086		32,841		22,096		54,937		32,423		14,175,446
HELOCs	1,770,218		11,396		7,968		19,364		22,046		1,811,628
Total residential mortgage	15,858,304		44,237		30,064		74,301		54,469		15,987,074
Other consumer	67,288		92		15		107		66		67,461
Total consumer	15,925,592		44,329		30,079		74,408		54,535		16,054,535
Total	$	53,462,858	$	55,354	$	49,407	$	104,761	$	159,018	$	53,726,637

Schedule of Amortized Cost of Loans on Nonaccrual Status with No Related Allowance for Loan Losses

The following table presents the amortized cost of loans on nonaccrual status for which there was no related ALLL as of December 31, 2025 and 2024. Nonaccrual loans may not have an allowance for credit losses if the loan balances are well secured by collateral values and there is no loss expectation.



($ in thousands)	December 31, 2025		December 31, 2024
Commercial:
C&I	$	21,723	$	79,591
CRE	33,705		—
Multifamily residential	—		4,210
Construction and land	27,810		11,316
Total commercial	83,238		95,117
Consumer:
Single-family residential	6,095		6,279
HELOCs	4,081		15,380
Total consumer	10,176		21,659
Total nonaccrual loans with no related ALLL	$	93,414	$	116,776

Schedule of Modified Loans

The following tables present the amortized cost of loans that were modified during the years ended December 31, 2025, 2024 and 2023 by loan class and modification type:



	Year Ended December 31, 2025
	Modification Type
							Combination:
($ in thousands)	Interest Rate Reduction		Term Extension		Payment Delay		Term Extension/ Payment Delay		Rate Reduction /Term Extension/ Payment Delay		Rate Reduction/ Payment Delay		Total		Modification as a % of Loan Class
Commercial:
C&I	$	6,057	$	77,039	$	51,904	$	33,450	$	—	$	19,579	$	188,029	1.01	%

CRE	—		167,286		—		—		—		—		167,286		1.09	%
Multifamily	—		275		—		—		—		—		275		0.01	%
Land and construction	—		9,451		—		—		—		—		9,451		1.27	%

Total commercial	6,057		254,051		51,904		33,450		—		19,579		365,041		0.91	%
Consumer:

Single-family residential	—		—		29,545		2,402		—		—		31,947		0.21	%
HELOCs	—		—		14,883		909		407		1,172		17,371		0.91	%




Total consumer	—		—		44,428		3,311		407		1,172		49,318		0.29	%
Total	$	6,057	$	254,051	$	96,332	$	36,761	$	407	$	20,751	$	414,359	0.73	%



	Year Ended December 31, 2024
	Modification Type
					Combination:
($ in thousands)	Term Extension		Payment Delay		Term Extension/ Payment Delay		Rate Reduction/ Term Extension		Rate Reduction/ Payment Delay		Total		Modification as a % of Loan Class
Commercial:
C&I	$	57,102	$	26,420	$	—	$	—	$	—	$	83,522	0.48	%

CRE	86,258		—		—		6,052		—		92,310		0.63	%



Total commercial	143,360		26,420		—		6,052		—		175,832		0.47	%
Consumer:

Single-family residential	—		15,397		222		—		140		15,759		0.11	%
HELOCs	—		14,303		—		—		517		14,820		0.82	%




Total consumer	—		29,700		222		—		657		30,579		0.19	%
Total	$	143,360	$	56,120	$	222	$	6,052	$	657	$	206,411	0.38	%



	Year Ended December 31, 2023
	Modification Type
					Combination:
($ in thousands)	Term Extension		Payment Delay		Term Extension/ Payment Delay		Rate Reduction/ Term Extension		Reduction/ Payment Delay		Total		Modification as a % of Loan Class
Commercial:
C&I	$	62,704	$	6,842	$	—	$	—	$	—	$	69,546	0.42	%

CRE	13,939		—		—		32,470		—		46,409		0.31	%



Total commercial	76,643		6,842		—		32,470		—		115,955		0.31	%
Consumer:

Single-family residential	—		10,202		3,967		—		—		14,169		0.11	%
HELOCs	—		3,148		1,170		—		815		5,133		0.30	%




Total consumer	—		13,350		5,137		—		815		19,302		0.13	%
Total	$	76,643	$	20,192	$	5,137	$	32,470	$	815	$	135,257	0.26	%

The following tables present the financial effects of the loan modifications for the years ended December 31, 2025, 2024 and 2023 by loan class and modification type:




Year Ended December 31, 2025
Financial Effects of Loan Modifications
	($ in thousands)	Weighted-Average Interest Rate Reduction		Weighted-Average Term Extension (in years)	Weighted-Average Payment Delay (in years)
	Commercial:
	C&I	3.38	%	1.1	0.8

	CRE	—	%	3.2	0.0
	Multifamily	—	%	10.0	0.0
	Land and construction	—	%	0.8	0.0


	Consumer:

	Single-family residential	—	%	15.0	3.5
	HELOCs	0.97	%	15.3	4.8




Year Ended December 31, 2024
Financial Effects of Loan Modifications
	($ in thousands)	Weighted-Average Interest Rate Reduction		Weighted-Average Term Extension (in years)	Weighted-Average Payment Delay (in years)
	Commercial:
	C&I	—	%	2.1	1.7

	CRE	1.28	%	2.7	0.0




	Consumer:

	Single-family residential	1.63	%	10.0	1.3
	HELOCs	0.25	%	0.0	1.7




Year Ended December 31, 2023
Financial Effects of Loan Modifications
	($ in thousands)	Principal Forgiveness			Weighted-Average Interest Rate Reduction			Weighted-Average Term Extension (in years)	Weighted-Average Payment Delay (in years)
	Commercial:
	C&I	$	371	(1)	—	%	(1)	1.3	0.9

	CRE	—			3.00	%		2.1	0.0




	Consumer:

	Single-family residential	—			—	%		9.3	1.8
	HELOCs	—			0.11	%		14.2	4.6





	Total	$	371

(1)Comprised of C&I loans modified during the year ended December 31, 2023 where the interest was waived in addition to principal forgiveness. No recorded investment was outstanding as of December 31, 2023.

The following tables present the amortized cost basis of modified loans that, within 12 months of the modification date, experienced a subsequent default during the years ended December 31, 2025, 2024 and 2023.





	Loans Modified that Subsequently Defaulted During the Year Ended December 31, 2025
($ in thousands)	Term Extension		Payment Delay		Combination: Rate Reduction/ Payment Delay		Combination: Term Extension/ Payment Delay		Total
Commercial:
C&I	$	206	$	5,073	$	—	$	—	$	5,279

CRE	29,991		—		—		—		29,991



Total commercial	30,197		5,073		—		—		35,270
Consumer:

Single-family residential	—		3,706		—		1,038		4,744
HELOCs	—		3,869		746		483		5,098




Total consumer	—		7,575		746		1,521		9,842
Total	$	30,197	$	12,648	$	746	$	1,521	$	45,112





	Loans Modified that Subsequently Defaulted During the Year Ended December 31, 2024
($ in thousands)	Term Extension		Payment Delay		Combination: Rate Reduction/ Payment Delay		Combination: Term Extension/ Payment Delay		Total
Commercial:
C&I	$	3,684	$	4,937	$	—	$	—	$	8,621





Total commercial	3,684		4,937		—		—		8,621
Consumer:

Single-family residential	—		10,223		141		2,462		12,826
HELOCs	—		4,690		517		—		5,207




Total consumer	—		14,913		658		2,462		18,033
Total	$	3,684	$	19,850	$	658	$	2,462	$	26,654



	Loans Modified that Subsequently Defaulted During the Year Ended December 31, 2023
($ in thousands)	Term Extension		Payment Delay		Combination: Rate Reduction/ Payment Delay		Combination: Term Extension/ Payment Delay		Total








Consumer:

Single-family residential	$	—	$	267	$	—	$	—	$	267
HELOCs	—		749		—		—		749




Total consumer	—		1,016		—		—		1,016
Total	$	—	$	1,016	$	—	$	—	$	1,016

Schedule of Financing Receivable, Modified, Payment Performance

The following table presents the performance of loans that were modified during the years ended December 31, 2025, 2024 and 2023.



	Payment Performance as of December 31, 2025
($ in thousands)		Current		30-89 Days Past Due		90+ Days Past Due		Total
Commercial:
C&I		$	185,058	$	806	$	2,165	$	188,029

CRE		167,286		—		—		167,286
Multifamily residential		275		—		—		275
Construction and land		9,451		—		—		9,451

Total commercial		362,070		806		2,165		365,041
Consumer:

Single-family residential		25,119		5,577		1,251		31,947
HELOCs		13,217		2,886		1,268		17,371


Total consumer		38,336		8,463		2,519		49,318
Total		$	400,406	$	9,269	$	4,684	$	414,359
Total nonaccrual loans included above		$	11,888	$	206	$	4,684	$	16,778



	Payment Performance as of December 31, 2024
($ in thousands)		Current		30-89 Days Past Due		90+ Days Past Due		Total
Commercial:
C&I		$	71,324	$	12,198	$	—	$	83,522

CRE		92,310		—		—		92,310



Total commercial		163,634		12,198		—		175,832
Consumer:

Single-family residential		9,082		4,218		2,459		15,759
HELOCs		8,591		3,069		3,160		14,820


Total consumer		17,673		7,287		5,619		30,579
Total		$	181,307	$	19,485	$	5,619	$	206,411
Total nonaccrual loans included above		$	9,209	$	142	$	5,619	$	14,970



	Payment Performance as of December 31, 2023
($ in thousands)		Current		30-89 Days Past Due		90+ Days Past Due		Total
Commercial:
C&I		$	52,087	$	8,153	$	9,306	$	69,546

CRE		46,409		—		—		46,409



Total commercial		98,496		8,153		9,306		115,955
Consumer:

Single-family residential		11,197		2,425		547		14,169
HELOCs		4,207		177		749		5,133


Total consumer		15,404		2,602		1,296		19,302
Total		$	113,900	$	10,755	$	10,602	$	135,257
Total nonaccrual loans included above		$	8,666	$	310	$	10,602	$	19,578

Schedule of Financing Receivable Credit Quality Indicators, Key Credit Risk Characteristics and Macroeconomic Variables

The following table provides key credit risk characteristics and macroeconomic variables that the Company uses to estimate the expected credit losses by portfolio segment:

Portfolio Segment

Risk Characteristics

Macroeconomic Variables

C&I

Age percentage, size at origination, delinquency status, sector and risk rating

Unemployment rate, Gross Domestic Product (“GDP”), and U.S. Treasury rates

CRE, Multifamily residential, and Construction and land

Delinquency status, maturity date, collateral value, property type, and geographic location

Unemployment rate, GDP, and U.S. Treasury rates

Single-family residential and HELOCs

FICO score, delinquency status, maturity date, collateral value, and geographic location

Unemployment rate, GDP, and Home Price Indices

Other consumer

Loss rate approach

Immaterial - Macroeconomic variables are included in the qualitative estimate.

Schedule Of Activity In The Allowance For Credit Losses

The following tables summarize the activity in the ALLL by portfolio segments for the years ended December 31, 2025, 2024 and 2023:



		Year Ended December 31, 2025
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total

ALLL, beginning of period		$	384,319	$	218,677	$	32,117	$	17,497	$	44,816	$	3,132	$	1,494	$	702,052
ALLL recognized on PCD loans		18,175		—		—		—		—		—		—		18,175
Provision for (reversal of) credit losses on loans	(a)	106,941		26,825		4,386		(45)		8,398		2,656		(229)		148,932
Gross charge-offs		(44,996)		(24,237)		(8)		(1,996)		(57)		(6)		(152)		(71,452)
Gross recoveries		10,721		229		60		12		306		22		263		11,613
Total net (charge-offs) recoveries		(34,275)		(24,008)		52		(1,984)		249		16		111		(59,839)
Foreign currency translation adjustment		453		—		—		—		—		—		—		453
ALLL, end of period		$	475,613	$	221,494	$	36,555	$	15,468	$	53,463	$	5,804	$	1,376	$	809,773



		Year Ended December 31, 2024
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total


ALLL, beginning of period		$	392,685	$	170,592	$	34,375	$	10,469	$	55,018	$	3,947	$	1,657	$	668,743
Provision for (reversal of) credit losses on loans	(a)	110,791		61,908		(2,684)		9,114		(10,176)		(873)		4,096		172,176
Gross charge-offs		(125,413)		(14,236)		(10)		(2,289)		(35)		(15)		(4,259)		(146,257)
Gross recoveries		6,505		413		436		203		9		73		—		7,639
Total net (charge-offs) recoveries		(118,908)		(13,823)		426		(2,086)		(26)		58		(4,259)		(138,618)
Foreign currency translation adjustment		(249)		—		—		—		—		—		—		(249)
ALLL, end of period		$	384,319	$	218,677	$	32,117	$	17,497	$	44,816	$	3,132	$	1,494	$	702,052



		Year Ended December 31, 2023
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total

ALLL, beginning of period		$	371,700	$	149,864	$	23,373	$	9,109	$	35,564	$	4,475	$	1,560	$	595,645
Impact of ASU 2022-02 adoption		5,683		337		6		—		1		1		—		6,028
Provision for (reversal of) credit losses on loans	(a)	45,319		27,007		10,454		11,537		19,384		(424)		294		113,571
Gross charge-offs		(36,573)		(7,048)		(3)		(10,413)		—		(138)		(197)		(54,372)
Gross recoveries		6,803		432		545		236		69		33		—		8,118
Total net (charge-offs) recoveries		(29,770)		(6,616)		542		(10,177)		69		(105)		(197)		(46,254)
Foreign currency translation adjustment		(247)		—		—		—		—		—		—		(247)
ALLL, end of period		$	392,685	$	170,592	$	34,375	$	10,469	$	55,018	$	3,947	$	1,657	$	668,743

The following table summarizes the activity in the allowance for unfunded credit commitments for the years ended December 31, 2025, 2024 and 2023:



		Year Ended December 31,
($ in thousands)		2025		2024		2023
Unfunded credit facilities
Allowance for unfunded credit commitments, beginning of period		$	39,526	$	37,699	$	26,264

Provision for credit losses on unfunded credit commitments	(b)	9,168		1,824		11,429
Foreign currency translation adjustments		(4)		3		6
Allowance for unfunded credit commitments, end of period		48,690		39,526		37,699

Provision for credit losses on loans, leases and unfunded credit commitments	(a) + (b)	$	158,100	$	174,000	$	125,000

Schedule of Carrying Value of Loans Transferred, Loans Sold and Purchased for the Held-for-Investment Portfolio

The following tables provide information on the carrying value of loans transferred, sold and purchased during the years ended December 31, 2025, 2024 and 2023:



	Year Ended December 31, 2025
	Commercial				Consumer
			CRE		Residential Mortgage
($ in thousands)	C&I		CRE		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	282,252	$	39,475	$	9,500	$	—	$	331,227


Sales (2)(3)	$	264,445	$	39,475	$	11,316	$	1,232	$	316,468
Purchases (4)	$	450,314	$	—	$	—	$	515,390	$	965,704



	Year Ended December 31, 2024
	Commercial				Consumer
			CRE		Residential Mortgage
($ in thousands)	C&I		CRE		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	649,187	$	9,417	$	718	$	—	$	659,322

Sales (2)(3)	$	650,256	$	9,417	$	718	$	2,997	$	663,388
Purchases (4)	$	612,364	$	—	$	—	$	387,629	$	999,993



	Year Ended December 31, 2023
	Commercial				Consumer
			CRE		Residential Mortgage
($ in thousands)	C&I		CRE		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	647,943	$	83,282	$	8,154	$	—	$	739,379

Sales (2)(3)	$	674,919	$	86,749	$	8,154	$	—	$	769,822
Purchases (4)	$	106,493	$	—	$	—	$	493,282	$	599,775

(1)Includes write-downs to the ALLL related to loans transferred from held-for-investment to held-for-sale of $2 million for each of the years ended December 31, 2025 and 2024, and $5 million for the year ended December 31, 2023.

(2)Includes originated loans sold of $219 million, $508 million and $513 million for the years ended December 31, 2025, 2024 and 2023, respectively. Originated loans sold consisted primarily of C&I and CRE loans for the years ended December 31, 2025 and 2023, and consisted primarily of C&I loans for the year ended December 31, 2024.

(3)Includes $97 million, $156 million and $256 million of purchased loans sold in the secondary market for the years ended December 31, 2025, 2024 and 2023, respectively.

(4)C&I loan purchases were comprised of syndicated C&I term loans.