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Loans Receivable and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Composition of Loans Held-For-Investment

The following table presents the composition of the Company’s loans held-for-investment outstanding as of March 31, 2026 and December 31, 2025:



($ in thousands)	March 31, 2026		December 31, 2025
Commercial:
C&I	$	19,550,953	$	18,650,755
CRE:
CRE	15,491,057		15,407,088
Multifamily residential	5,129,247		5,112,328
Construction and land	811,999		742,357
Total CRE	21,432,303		21,261,773
Total commercial	40,983,256		39,912,528
Consumer:
Residential mortgage:
Single-family residential (“SFR”)	15,119,709		15,002,549
Home equity lines of credit (“HELOCs”)	1,945,867		1,911,897
Total residential mortgage	17,065,576		16,914,446
Other consumer	51,917		51,198
Total consumer	17,117,493		16,965,644
Total loans held-for-investment (1)	$	58,100,749	$	56,878,172
ALLL	(835,874)		(809,773)
Loans held-for-investment, net (1)	$	57,264,875	$	56,068,399

(1)Includes $17 million and $26 million of net deferred loan fees and net unamortized premiums as of March 31, 2026 and December 31, 2025, 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 the periods presented. The vintage year is the year of loan origination, renewal or major modification. Gross write-offs in the following tables are for the three months ended March 31, 2026, and the year ended December 31, 2025. Revolving loans that are converted to term loans presented in the tables below are excluded from the term loans by vintage year columns.


	March 31, 2026
	Term Loans by Origination Year
($ in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total
Commercial:
C&I:
Pass	$	665,659	$	2,906,360	$	1,485,504	$	812,869	$	444,075	$	609,918	$	12,030,255	$	69,610	$	19,024,250
Criticized (accrual)	25		400		38,075		34,555		85,971		50,822		255,792		—		465,640
Criticized (nonaccrual)	—		2,890		4,280		14,989		103		38,680		121		—		61,063


Total C&I	665,684		2,909,650		1,527,859		862,413		530,149		699,420		12,286,168		69,610		19,550,953
Gross write-offs (1)	—		38		89		8,193		4,601		3,202		10		—		16,133
CRE:
Pass	553,283		2,597,867		1,546,632		1,943,710		3,100,174		5,050,710		72,238		52,175		14,916,789
Criticized (accrual)	—		30,166		31,082		103,021		155,361		218,143		—		—		537,773
Criticized (nonaccrual)	—		2,013		—		18,785		—		15,697		—		—		36,495


Subtotal CRE	553,283		2,630,046		1,577,714		2,065,516		3,255,535		5,284,550		72,238		52,175		15,491,057
Gross write-offs	—		1,305		—		—		—		—		—		—		1,305
Multifamily residential:
Pass	229,288		840,553		326,725		429,290		1,132,216		2,125,158		28,102		3,804		5,115,136
Criticized (accrual)	—		—		—		—		5,151		8,685		—		—		13,836
Criticized (nonaccrual)	—		—		—		—		—		275		—		—		275


Subtotal multifamily residential	229,288		840,553		326,725		429,290		1,137,367		2,134,118		28,102		3,804		5,129,247

Construction and land:
Pass	56,612		270,045		122,595		236,324		85,197		16,787		5,105		—		792,665

Criticized (nonaccrual)	—		—		—		—		19,334		—		—		—		19,334
Subtotal construction and land	56,612		270,045		122,595		236,324		104,531		16,787		5,105		—		811,999


Total CRE	839,183		3,740,644		2,027,034		2,731,130		4,497,433		7,435,455		105,445		55,979		21,432,303

Total CRE gross write-offs (1)	—		1,305		—		—		—		—		—		—		1,305
Total commercial	$	1,504,867	$	6,650,294	$	3,554,893	$	3,593,543	$	5,027,582	$	8,134,875	$	12,391,613	$	125,589	$	40,983,256
Total commercial gross write-offs (1)	$	—	$	1,343	$	89	$	8,193	$	4,601	$	3,202	$	10	$	—	$	17,438


	March 31, 2026
	Term Loans by Origination Year
($ in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		Total
Consumer:
Residential mortgage:
SFR:
Pass (2)	$	756,418	$	2,727,809	$	1,696,060	$	2,233,611	$	2,737,115	$	4,906,622	$	—	$	—	$	15,057,635
Criticized (accrual)	—		6,395		4,497		6,832		3,751		6,995		—		—		28,470
Criticized (nonaccrual) (2)	—		9,003		5,848		4,869		3,188		10,696		—		—		33,604
Subtotal SFR mortgage	756,418		2,743,207		1,706,405		2,245,312		2,744,054		4,924,313		—		—		15,119,709
Gross write-offs (1)	7		3		20		4		8		79		—		—		121
HELOCs:
Pass	400		13,186		2,254		5,196		9,987		27,136		1,786,887		67,734		1,912,780
Criticized (accrual)	—		963		416		352		—		1,092		980		326		4,129
Criticized (nonaccrual)	—		1,123		133		2,525		2,932		16,895		826		4,524		28,958
Subtotal HELOCs	400		15,272		2,803		8,073		12,919		45,123		1,788,693		72,584		1,945,867

Total residential mortgage	756,818		2,758,479		1,709,208		2,253,385		2,756,973		4,969,436		1,788,693		72,584		17,065,576
Total residential mortgage gross write-offs (1)	7		3		20		4		8		79		—		—		121
Other consumer:
Pass	1,369		24,481		—		—		4,651		5,694		15,683		—		51,878
Criticized (accrual)	10		—		—		—		—		—		—		—		10
Criticized (nonaccrual)	—		—		—		—		—		—		29		—		29
Total other consumer	1,379		24,481		—		—		4,651		5,694		15,712		—		51,917

Total consumer	$	758,197	$	2,782,960	$	1,709,208	$	2,253,385	$	2,761,624	$	4,975,130	$	1,804,405	$	72,584	$	17,117,493
Total consumer gross write-offs (1)	$	7	$	3	$	20	$	4	$	8	$	79	$	—	$	—	$	121
Total loans held-for-investment:
Pass	$	2,263,029	$	9,380,301	$	5,179,770	$	5,661,000	$	7,513,415	$	12,742,025	$	13,938,270	$	193,323	$	56,871,133
Criticized (accrual)	35		37,924		74,070		144,760		250,234		285,737		256,772		326		1,049,858
Criticized (nonaccrual)	—		15,029		10,261		41,168		25,557		82,243		976		4,524		179,758
Total	$	2,263,064	$	9,433,254	$	5,264,101	$	5,846,928	$	7,789,206	$	13,110,005	$	14,196,018	$	198,173	$	58,100,749
Total loans held-for-investment gross write-offs (1)	$	7	$	1,346	$	109	$	8,197	$	4,609	$	3,281	$	10	$	—	$	17,559


	December 31, 2025
	Term Loans by Origination Year
($ in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans		Revolving Loans Converted to Term Loans		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 (1)	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 (1)	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 (1)	—		—		—		—		—		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 (1)	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 (1)	$	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		Total
Consumer:
Residential mortgage:
SFR:
Pass (2)	$	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) (2)	4,566		891		3,445		4,617		1,620		13,373		—		—		28,512
Subtotal SFR 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 (1)	—		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 (1)	—		—		—		—		—		—		—		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 (1)	—		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 (1)	$	—	$	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 (1)	$	11,549	$	1,213	$	28,752	$	4,803	$	1,082	$	18,304	$	24	$	6	$	65,733

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

(2)$1 million of nonaccrual loans whose payments were guaranteed by the Federal Housing Administration were classified with a “Pass” rating as of both March 31, 2026 and December 31, 2025.

Schedule of Aging Analysis of Loans

The following tables present the aging analysis of loans held-for-investment as of March 31, 2026 and December 31, 2025:



	March 31, 2026
($ 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	$	19,471,033	$	13,266	$	5,591	$	18,857	$	61,063	$	19,550,953
CRE:
CRE	15,409,331		6,097		39,134		45,231		36,495		15,491,057
Multifamily residential	5,123,675		5,297		—		5,297		275		5,129,247
Construction and land	792,665		—		—		—		19,334		811,999
Total CRE	21,325,671		11,394		39,134		50,528		56,104		21,432,303
Total commercial	40,796,704		24,660		44,725		69,385		117,167		40,983,256
Consumer:
Residential mortgage:
SFR	15,009,884		46,542		28,789		75,331		34,494		15,119,709
HELOCs	1,893,351		18,452		5,106		23,558		28,958		1,945,867
Total residential mortgage	16,903,235		64,994		33,895		98,889		63,452		17,065,576
Other consumer	51,791		60		37		97		29		51,917
Total consumer	16,955,026		65,054		33,932		98,986		63,481		17,117,493
Total	$	57,751,730	$	89,714	$	78,657	$	168,371	$	180,648	$	58,100,749



	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:
SFR	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

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 both March 31, 2026 and December 31, 2025. 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)	March 31, 2026		December 31, 2025

Commercial:
C&I	$	14,769	$	21,723

CRE	32,874		33,705

Construction and land	19,334		27,810

Total commercial	66,977		83,238
Consumer:

SFR	8,828		6,095
HELOCs	7,913		4,081


Total consumer	16,741		10,176
Total nonaccrual loans with no related ALLL	$	83,718	$	93,414

Schedule of Modified Loans

The following tables present the amortized cost of loans that were modified during the three months ended March 31, 2026 and 2025 by loan class and modification type:



	Three Months Ended March 31, 2026
	Modification Type

($ in thousands)	Term Extension		Payment Delay		Combination: Term Extension/ Payment Delay		Total		Modification as a % of Loan Class
Commercial:
C&I	$	83,122	$	—	$	—	$	83,122	0.43	%

CRE	39,686		—		—		39,686		0.26	%

Land and construction	—		19,334		—		19,334		2.38	%

Total commercial	122,808		19,334		—		142,142		0.35	%
Consumer:

SFR	—		5,680		—		5,680		0.04	%
HELOCs	—		1,286		—		1,286		0.07	%




Total consumer	—		6,966		—		6,966		0.04	%
Total	$	122,808	$	26,300	$	—	$	149,108	0.26	%



	Three Months Ended March 31, 2025
	Modification Type

($ in thousands)	Term Extension		Payment Delay		Combination: Term Extension/ Payment Delay		Total		Modification as a % of Loan Class
Commercial:
C&I	$	15,651	$	—	$	23,749	$	39,400	0.23	%

CRE	18,082		—		—		18,082		0.12	%
Multifamily	280		—		—		280		0.01	%


Total commercial	34,013		—		23,749		57,762		0.15	%
Consumer:

SFR	—		4,061		88		4,149		0.03	%
HELOCs	—		975		911		1,886		0.10	%




Total consumer	—		5,036		999		6,035		0.04	%
Total	$	34,013	$	5,036	$	24,748	$	63,797	0.12	%

The following table presents the financial effects of the loan modifications for the three months ended March 31, 2026 and 2025 by loan class and modification type:



	Financial Effects of Loan Modifications for the Three Months Ended March 31,
	2026		2025
($ in thousands)	Weighted-average Term Extension (in years)	Weighted-average Payment Delay (in years)	Weighted-average Term Extension (in years)	Weighted-average Payment Delay (in years)
Commercial:
C&I	1.1	0.0	1.1	1.0

CRE	1.1	0.0	5.0	0.0

Land and construction	0.0	0.7	0.0	0.0


Consumer:

SFR	0.0	0.5	10.0	1.0
HELOCs	0.0	1.1	17.6	15.4

Schedule of Financing Receivable, Modified, Subsequent Default

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 three months ended March 31, 2026 and 2025.





	Loans Modified that Subsequently Defaulted During the Three Months Ended March 31, 2026
($ in thousands)	Term Extension		Payment Delay		Total
Commercial:
C&I	$	—	$	28,639	$	28,639





Total commercial	—		28,639		28,639
Consumer:

SFR	—		3,202		3,202
HELOCs	—		295		295




Total consumer	—		3,497		3,497
Total	$	—	$	32,136	$	32,136



	Loans Modified that Subsequently Defaulted During the Three Months Ended March 31, 2025
($ in thousands)	Term Extension		Payment Delay		Total
Commercial:
C&I	$	—	$	2,193	$	2,193

CRE	22,631		—		22,631



Total commercial	22,631		2,193		24,824
Consumer:

SFR	$	—	$	3,455	$	3,455
HELOCs	—		2,121		2,121




Total consumer	—		5,576		5,576
Total	$	22,631	$	7,769	$	30,400

Schedule of Financing Receivable, Modified, Payment Performance

The following tables present the performance of loans that were modified over the last 12 months as of March 31, 2026 and 2025:



	Payment Performance as of March 31, 2026
($ in thousands)		Current		30 - 89 Days Past Due		90+ Days Past Due		Total
Commercial:
C&I		$	178,896	$	400	$	28,639	$	207,935

CRE		127,782		30,110		—		157,892

Construction and land		9,603		—		19,334		28,937

Total commercial		316,281		30,510		47,973		394,764
Consumer:

SFR		22,385		8,602		3,723		34,710
HELOCs		12,927		3,843		—		16,770


Total consumer		35,312		12,445		3,723		51,480
Total		$	351,593	$	42,955	$	51,696	$	446,244
Total nonaccrual loans included above		$	31,559	$	400	$	51,696	$	83,655



	Payment Performance as of March 31, 2025
($ in thousands)		Current		30 - 89 Days Past Due		90+ Days Past Due		Total
Commercial:
C&I		$	80,147	$	3,608	$	1,515	$	85,270

CRE		66,040		—		—		66,040
Multifamily residential		280		—		—		280


Total commercial		146,467		3,608		1,515		151,590
Consumer:

SFR		8,122		3,469		3,597		15,188
HELOCs		5,137		2,369		3,796		11,302


Total consumer		13,259		5,838		7,393		26,490
Total		$	159,726	$	9,446	$	8,908	$	178,080
Total nonaccrual loans included above		$	29,925	$	3,608	$	8,908	$	42,441

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

Risk rating, sector, loan origination size, loan age, delinquency status

Unemployment rate, gross domestic product (“GDP”), and U.S. Treasury rates

CRE, Multifamily residential, and Construction and land

Collateral value, property type, geographic location, loan age, delinquency status

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

SFR and HELOCs

Collateral value, FICO score, geographic location, loan age, delinquency status

House Price Indices, unemployment rate, GDP

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 three months ended March 31, 2026 and 2025:



		Three Months Ended March 31, 2026
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		SFR		HELOCs		Other Consumer		Total
ALLL, beginning of period		$	475,613	$	221,494	$	36,555	$	15,468	$	53,463	$	5,804	$	1,376	$	809,773

Provision for (reversal of) credit losses on loans	(a)	17,892		11,160		2,880		2,593		3,519		92		(262)		37,874
Gross charge-offs		(18,385)		(1,305)		—		(893)		(121)		—		(75)		(20,779)
Gross recoveries		7,918		453		11		2		22		3		251		8,660
Total net (charge-offs) recoveries		(10,467)		(852)		11		(891)		(99)		3		176		(12,119)
Foreign currency translation adjustment		346		—		—		—		—		—		—		346
ALLL, end of period		$	483,384	$	231,802	$	39,446	$	17,170	$	56,883	$	5,899	$	1,290	$	835,874



		Three Months Ended March 31, 2025
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		SFR		HELOCs		Other Consumer		Total


ALLL, beginning of period		$	384,319	$	218,677	$	32,117	$	17,497	$	44,816	$	3,132	$	1,494	$	702,052
Provision for (reversal of) credit losses on loans	(a)	36,370		8,105		201		(305)		2,072		1,739		(120)		48,062
Gross charge-offs		(988)		(13,937)		(4)		(1,996)		(9)		—		(49)		(16,983)
Gross recoveries		1,564		54		10		3		50		8		13		1,702
Total net recoveries (charge-offs)		576		(13,883)		6		(1,993)		41		8		(36)		(15,281)
Foreign currency translation adjustment		23		—		—		—		—		—		—		23
ALLL, end of period		$	421,288	$	212,899	$	32,324	$	15,199	$	46,929	$	4,879	$	1,338	$	734,856

The following table summarizes the activity in the allowance for unfunded credit commitments for the three months ended March 31, 2026 and 2025:



		Three Months Ended March 31,
($ in thousands)		2026		2025
Unfunded credit facilities
Allowance for unfunded credit commitments, beginning of period		$	48,690	$	39,526

(Reversal of) provision for credit losses on unfunded credit commitments	(b)	(1,682)		938
Foreign currency translation adjustments		(3)		—
Allowance for unfunded credit commitments, end of period		$	47,005	$	40,464

Provision for credit losses on loans, leases and unfunded credit commitments	(a) + (b)	$	36,192	$	49,000

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 three months ended March 31, 2026 and 2025:



	Three Months Ended March 31, 2026
	Commercial						Consumer
				CRE				Residential Mortgage
($ in thousands)	C&I				Multifamily Residential				SFR		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	101,777			$	9,959			$	5,345	$	117,081

Sales (2)(3)	$	98,280			$	9,959			$	363	$	108,602
Purchases	$	109,892	(4)		$	—			$	140,511	$	250,403



	Three Months Ended March 31, 2025
	Commercial					Consumer
				CRE		Residential Mortgage
($ in thousands)	C&I			CRE		Construction and Land		SFR		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	6,356		$	20,338	$	9,500	$	—	$	36,194

Sales (2)(3)	$	6,356		$	20,338	$	11,316	$	—	$	38,010
Purchases	$	136,943	(4)	$	—	$	—	$	87,364	$	224,307

(1)Includes write-downs of $2 million to the allowance for loan losses related to loans transferred from held-for-investment to held-for-sale for each of the three months ended March 31, 2026 and 2025.

(2)Includes originated loans sold of $69 million and $34 million for the three months ended March 31, 2026 and 2025, respectively. Originated loans sold were primarily comprised of C&I loans for the three months ended March 31, 2026, and CRE and construction loans for the three months ended March 31, 2025.

(3)Includes $39 million and $4 million of purchased loans sold in the secondary market for the three months ended March 31, 2026 and 2025, respectively.

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