LOANS AND LEASES RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES (Tables)

6 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Schedule of Loans and Leases Receivable

The following table presents loans and leases receivable as of June 30, 2025 and December 31, 2024:

(amounts in thousands)	June 30, 2025		December 31, 2024
Loans and leases receivable:
Commercial:
Commercial and industrial:
Specialized lending (1)	$	6,454,661	$	5,842,420
Other commercial and industrial	1,127,194		1,182,350
Multifamily	2,247,282		2,252,246
Commercial real estate owner occupied	1,065,006		1,100,944
Commercial real estate non-owner occupied	1,497,385		1,359,130
Construction	98,626		147,209
Total commercial loans and leases receivable	12,490,154		11,884,299
Consumer:
Residential real estate	520,570		496,559
Manufactured housing	30,287		33,123
Installment:
Personal	457,728		463,854
Other	221,090		249,799
Total consumer loans receivable	1,229,675		1,243,335
Loans and leases receivable	13,719,829		13,127,634
Loans receivable, mortgage finance, at fair value	1,536,254		1,321,128
Loans receivable, installment, at fair value	123,354		—
Allowance for credit losses on loans and leases	(147,418)		(136,775)
Total loans and leases receivable, net of allowance for credit losses on loans and leases (2)	$	15,232,019	$	14,311,987

(1)Includes direct finance and sales-type equipment leases of $264.3 million and $262.7 million at June 30, 2025 and December 31, 2024, respectively.

(2)Includes deferred (fees) costs and unamortized (discounts) premiums, net of $(47.2) million and $(20.8) million at June 30, 2025 and December 31, 2024, respectively.

Loans and Leases Receivable by Loan Type and Performance Status

The following tables summarize loans and leases receivable by loan and lease type and performance status as of June 30, 2025 and December 31, 2024:

	June 30, 2025
(amounts in thousands)	30-59 Days past due (1)		60-89 Days past due (1)		90 Days or more past due (2)		Total past due		Loans and leases not past due (3)(4)		Total loans and leases (4)
Commercial and industrial, including specialized lending	$	5,611	$	1,492	$	3,548	$	10,651	$	7,560,142	$	7,570,793
Multifamily	—		—		—		—		2,247,282		2,247,282
Commercial real estate owner occupied	533		—		7,004		7,537		1,057,469		1,065,006
Commercial real estate non-owner occupied	—		—		62		62		1,497,323		1,497,385
Construction	—		—		—		—		98,626		98,626
Residential real estate	6,279		2,935		3,769		12,983		507,587		520,570
Manufactured housing	439		196		1,906		2,541		27,746		30,287
Installment	4,843		6,507		4,944		16,294		662,524		678,818
Total	$	17,705	$	11,130	$	21,233	$	50,068	$	13,658,699	$	13,708,767

	December 31, 2024
(amounts in thousands)	30-59 Days past due (1)		60-89 Days past due (1)		90 Days or more past due (2)		Total past due		Loans and leases not past due (3)(4)		Total loans and leases (4)
Commercial and industrial, including specialized lending	$	3,655	$	19,854	$	3,606	$	27,115	$	6,974,904	$	7,002,019
Multifamily	—		—		11,834		11,834		2,240,412		2,252,246
Commercial real estate owner occupied	11,395		—		8,071		19,466		1,081,478		1,100,944
Commercial real estate non-owner occupied	—		—		17,007		17,007		1,342,123		1,359,130
Construction	—		—		—		—		147,209		147,209
Residential real estate	9,541		4,560		3,384		17,485		479,074		496,559
Manufactured housing	766		155		2,262		3,183		29,940		33,123
Installment	7,918		5,108		5,613		18,639		695,014		713,653
Total	$	33,275	$	29,677	$	51,777	$	114,729	$	12,990,154	$	13,104,883

(1)Includes past due loans and leases that are accruing interest because collection is considered probable.

(2)Includes loans amounting to $4.7 million and $17.1 million as of June 30, 2025 and December 31, 2024, respectively, that are still accruing interest because collection is considered probable.

(3)Loans and leases where next payment due is less than 30 days from the report date. The tables exclude PPP loans.

(4)Includes PCD loans of $109.3 million and $126.4 million at June 30, 2025 and December 31, 2024, respectively. Customers acquired $32.1 million of PCD commercial and industrial loans and recognized $1.0 million of allowance for credit losses upon acquisition during the three and six months ended June 30, 2025.

Amortized Cost of Loans and Leases on Nonaccrual Status

The following table presents the amortized cost of loans and leases held for investment on nonaccrual status:

	June 30, 2025						December 31, 2024
(amounts in thousands)	Nonaccrual loans with no related allowance		Nonaccrual loans with related allowance		Total nonaccrual loans		Nonaccrual loans with no related allowance		Nonaccrual loans with related allowance		Total nonaccrual loans
Commercial and industrial, including specialized lending	$	4,218	$	—	$	4,218	$	4,041	$	—	$	4,041
Multifamily	—		—		—		11,834		—		11,834
Commercial real estate owner occupied	7,005		—		7,005		8,090		—		8,090
Commercial real estate non-owner occupied	62		—		62		354		—		354
Residential real estate	7,964		270		8,234		8,274		440		8,714
Manufactured housing	—		1,608		1,608		—		1,852		1,852
Installment	—		4,944		4,944		—		5,613		5,613
Total	$	19,249	$	6,822	$	26,071	$	32,593	$	7,905	$	40,498

Schedule of Allowance for Credit Losses on Loans and Leases

The changes in the ACL on loans and leases by loan and lease type for the three and six months ended June 30, 2025 and 2024 are presented in the tables below:

(amounts in thousands)	Commercial and industrial (1)		Multifamily		Commercial real estate owner occupied		Commercial real estate non-owner occupied		Construction		Residential real estate		Manufactured housing		Installment		Total
Three Months Ended June 30, 2025
Ending Balance, March 31, 2025	$	30,584	$	18,790	$	10,780	$	18,058	$	1,264	$	6,163	$	3,800	$	51,637	$	141,076
Allowance for credit losses on PCD loans, net of charge-offs and recoveries (2)	1,000		—		—		—		—		—		—		—		1,000
Charge-offs	(5,996)		—		(417)		—		—		—		—		(10,750)		(17,163)
Recoveries	2,125		—		6		—		3		4		—		1,910		4,048
Provision (benefit) for credit losses on loans and leases	8,549		2,074		2,145		2,621		893		164		(79)		2,090		18,457
Ending Balance, June 30, 2025	$	36,262	$	20,864	$	12,514	$	20,679	$	2,160	$	6,331	$	3,721	$	44,887	$	147,418
Six Months Ended June 30, 2025
Ending Balance, December 31, 2024	$	29,379	$	18,511	$	10,755	$	17,405	$	1,250	$	5,968	$	3,829	$	49,678	$	136,775
Allowance for credit losses on PCD loans, net of charge-offs (2)	1,000		—		—		—		—		—		—		—		1,000
Charge-offs	(10,503)		(3,834)		(436)		—		—		—		—		(23,153)		(37,926)
Recoveries	3,401		—		9		—		6		4		—		4,247		7,667
Provision (benefit) for credit losses on loans and leases	12,985		6,187		2,186		3,274		904		359		(108)		14,115		39,902
Ending Balance, June 30, 2025	$	36,262	$	20,864	$	12,514	$	20,679	$	2,160	$	6,331	$	3,721	$	44,887	$	147,418

(amounts in thousands)	Commercial and industrial (1)		Multifamily		Commercial real estate owner occupied		Commercial real estate non-owner occupied		Construction		Residential real estate		Manufactured housing		Installment		Total
Three Months Ended June 30, 2024
Ending Balance, March 31, 2024	$	23,003	$	18,307	$	10,201	$	18,320	$	1,866	$	6,707	$	4,160	$	50,732	$	133,296
Charge-offs	(7,348)		(1,433)		—		—		—		—		—		(13,943)		(22,724)
Recoveries	1,683		—		—		—		7		20		—		2,303		4,013
Provision (benefit) for credit losses on loans and leases	6,383		3,778		(1,770)		(354)		(17)		(843)		(66)		10,740		17,851
Ending Balance, June 30, 2024	$	23,721	$	20,652	$	8,431	$	17,966	$	1,856	$	5,884	$	4,094	$	49,832	$	132,436
Six Months Ended June 30, 2024
Ending Balance, December 31, 2023	$	23,503	$	16,343	$	9,882	$	16,859	$	1,482	$	6,586	$	4,239	$	56,417	$	135,311
Charge-offs	(12,744)		(1,906)		(22)		—		—		(19)		—		(30,860)		(45,551)
Recoveries	3,407		—		—		—		7		21		—		5,437		8,872
Provision (benefit) for credit losses on loans and leases	9,555		6,215		(1,429)		1,107		367		(704)		(145)		18,838		33,804
Ending Balance, June 30, 2024	$	23,721	$	20,652	$	8,431	$	17,966	$	1,856	$	5,884	$	4,094	$	49,832	$	132,436

(1)    Includes specialized lending.

(2)    Represents $1.0 million of allowance for credit losses on PCD loans recognized upon acquisition of commercial and industrial loans during the three and six months ended June 30, 2025.

Summary of Loans Modified in Troubled Debt Restructurings and Related Recorded Investment

The following tables present the amortized cost of loans that were modified to borrowers experiencing financial difficulty for the three and six months ended June 30, 2025 and 2024, disaggregated by class of financing receivable and type of modification granted:

	Three Months Ended June 30, 2025
(dollars in thousands)	Term Extension		Payment Deferral		Debt Forgiveness		Interest Rate Reduction and Term Extension		Total		Percentage of Total by Financing Class
Personal installment	$	665	$	233	$	789	$	—	$	1,687	0.37	%
Total	$	665	$	233	$	789	$	—	$	1,687

	Three Months Ended June 30, 2024
(dollars in thousands)	Term Extension		Payment Deferral		Debt Forgiveness		Interest Rate Reduction and Term Extension		Total		Percentage of Total by Financing Class
Commercial and industrial, including specialized lending	$	1,997	$	1,756	$	—	$	—	$	3,753	0.06	%
Commercial real estate non-owner occupied	17,265		—		—		—		17,265		1.44	%
Manufactured housing	82		—		—		49		131		0.36	%
Personal installment	373		34		35		—		442		0.09	%
Total	$	19,717	$	1,790	$	35	$	49	$	21,591

	Six Months Ended June 30, 2025
(dollars in thousands)	Term Extension		Payment Deferral		Debt Forgiveness		Interest Rate Reduction and Term Extension		Total		Percentage of Total by Financing Class
Commercial and industrial, including specialized lending	$	731	$	760	$	—	$	—	$	1,491	0.02	%
Personal installment	2,922		1,491		888		126		5,427		1.19	%
Total	$	3,653	$	2,251	$	888	$	126	$	6,918

	Six Months Ended June 30, 2024
(dollars in thousands)	Term Extension		Payment Deferral		Debt Forgiveness		Interest Rate Reduction and Term Extension		Total		Percentage of Total by Financing Class
Commercial and industrial, including specialized lending	$	1,997	$	3,743	$	—	$	—	$	5,740	0.09	%
Multifamily	—		10,691		—		—		10,691		0.52	%
Commercial real estate non-owner occupied	17,265		—		—		—		17,265		1.44	%
Residential real estate	—		53		—		—		53		0.01	%
Manufactured housing	82		—		—		49		131		0.36	%
Personal installment	3,840		189		68		—		4,097		0.86	%
Total	$	23,184	$	14,676	$	68	$	49	$	37,977

The following tables summarize the impacts of loan modifications made to borrowers experiencing financial difficulty for the three and six months ended June 30, 2025 and 2024:

	Three Months Ended June 30, 2025					Three Months Ended June 30, 2024
	Weighted Average					Weighted Average
(dollars in thousands)	Interest Rate Reduction (%)	Term Extension (in months)	Payment Deferral (in months)	Debt Forgiven		Interest Rate Reduction (%)	Term Extension (in months)	Payment Deferral (in months)	Debt Forgiven
Commercial and industrial, including specialized lending	—%	0	0	$	—	—%	1	7	$	—
Commercial real estate non-owner occupied	—	0	0	—		—	12	0	—
Manufactured housing	—	0	0	—		4.3	50	0	—
Personal installment	—	5	9	794		—	4	7	41

	Six Months Ended June 30, 2025						Six Months Ended June 30, 2024
	Weighted Average						Weighted Average
(dollars in thousands)	Interest Rate Reduction (%)		Term Extension (in months)	Payment Deferral (in months)	Debt Forgiven		Interest Rate Reduction (%)		Term Extension (in months)	Payment Deferral (in months)	Debt Forgiven
Commercial and industrial, including specialized lending	—	%	11	6	$	—	—	%	1	5	$	—
Multifamily	—		0	0	—		—		0	5	—
Commercial real estate non-owner occupied	—		0	0	—		—		12	0	—
Residential real estate	—		0	0	—		—		0	5	—
Manufactured housing	—		0	0	—		4.3		50	0	—
Personal installment	11.5		5	7	867		—		6	7	141

The performance of loans made to borrowers experiencing financial difficulty in which modifications were made is closely monitored to understand the effectiveness of modification efforts. Loans are considered to be in payment default at 90 days or more past due. The following tables present an aging analysis of loan modifications made to borrowers experiencing financial difficulty in the twelve months ended June 30, 2025 and 2024:

	June 30, 2025
(dollars in thousands)	30-59 Days past due		60-89 Days past due		90 Days or more past due		Current		Total
Commercial and industrial, including specialized lending	$	—	$	—	$	—	$	6,286	$	6,286
Residential real estate	—		—		—		301		301
Manufactured housing	—		—		—		167		167
Personal installment	542		574		517		5,431		7,064
Total	$	542	$	574	$	517	$	12,185	$	13,818

	June 30, 2024
(dollars in thousands)	30-59 Days past due		60-89 Days past due		90 Days or more past due		Current		Total
Commercial and industrial, including specialized lending	$	—	$	—	$	3,743	$	14,101	$	17,844
Multifamily	—		—		—		10,691		10,691
Commercial real estate non-owner occupied	—		—		—		17,265		17,265
Residential real estate	—		—		—		99		99
Manufactured housing	124		36		—		317		477
Personal installment	510		312		417		9,317		10,556
Total	$	634	$	348	$	4,160	$	51,790	$	56,932

Credit Ratings of Covered and Non-Covered Loan Portfolio

The following tables present the credit ratings of loans and leases receivable and current period gross write-offs as of June 30, 2025 and December 31, 2024:

	Term Loans Amortized Cost Basis by Origination Year as of June 30, 2025
(amounts in thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial and industrial loans and leases, including specialized lending:
Pass	$	1,542,752	$	1,416,872	$	678,303	$	1,073,219	$	308,666	$	154,004	$	2,018,133	$	144,228	$	7,336,177
Special mention	7,200		11,194		—		22,625		3,993		—		13,736		7,956		66,704
Substandard	—		3,750		1,399		19,790		394		94,403		45,629		2,547		167,912
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial and industrial loans and leases	$	1,549,952	$	1,431,816	$	679,702	$	1,115,634	$	313,053	$	248,407	$	2,077,498	$	154,731	$	7,570,793
Commercial and industrial loans and leases charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	5,565	$	—	$	431	$	—	$	—	$	5,996
Six Months Ended June 30, 2025	—		—		103		9,578		12		810		—		—		10,503
Multifamily loans:
Pass	$	152,314	$	239,500	$	794	$	1,165,607	$	274,385	$	311,652	$	—	$	—	$	2,144,252
Special mention	—		—		—		11,242		9,535		17,890		—		—		38,667
Substandard	—		—		—		7,243		11,955		45,165		—		—		64,363
Doubtful	—		—		—		—		—		—		—		—		—
Total multifamily loans	$	152,314	$	239,500	$	794	$	1,184,092	$	295,875	$	374,707	$	—	$	—	$	2,247,282
Multifamily loans charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Six Months Ended June 30, 2025	—		—		—		—		—		3,834		—		—		3,834
Commercial real estate owner occupied loans:
Pass	$	66,025	$	394,619	$	53,471	$	208,759	$	164,087	$	134,525	$	7,605	$	34	$	1,029,125
Special mention	—		—		—		392		1,520		7,086		—		11,061		20,059
Substandard	—		—		2,944		—		—		12,878		—		—		15,822
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial real estate owner occupied loans	$	66,025	$	394,619	$	56,415	$	209,151	$	165,607	$	154,489	$	7,605	$	11,095	$	1,065,006
Commercial real estate owner occupied loans charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	417	$	—	$	—	$	—	$	—	$	417
Six Months Ended June 30, 2025	—		—		—		417		—		19		—		—		436
Commercial real estate non-owner occupied loans:
Pass	$	197,119	$	162,718	$	16,348	$	393,371	$	94,341	$	573,579	$	2,000	$	—	$	1,439,476
Special mention	—		—		21,971		26,639		—		547		—		—		49,157
Substandard	—		—		—		—		—		8,752		—		—		8,752
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial real estate non-owner occupied loans	$	197,119	$	162,718	$	38,319	$	420,010	$	94,341	$	582,878	$	2,000	$	—	$	1,497,385
Commercial real estate non-owner occupied loans charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Six Months Ended June 30, 2025	—		—		—		—		—		—		—		—		—

	Term Loans Amortized Cost Basis by Origination Year as of June 30, 2025
(amounts in thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Construction loans:
Pass	$	9,917	$	32,740	$	36,512	$	19,457	$	—	$	—	$	—	$	—	$	98,626
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total construction loans	$	9,917	$	32,740	$	36,512	$	19,457	$	—	$	—	$	—	$	—	$	98,626
Construction loans charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Six Months Ended June 30, 2025	—		—		—		—		—		—		—		—		—
Total commercial loans and leases receivable	$	1,975,327	$	2,261,393	$	811,742	$	2,948,344	$	868,876	$	1,360,481	$	2,087,103	$	165,826	$	12,479,092
Total commercial loans and leases receivable charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	5,982	$	—	$	431	$	—	$	—	$	6,413
Six Months Ended June 30, 2025	—		—		103		9,995		12		4,663		—		—		14,773
Residential real estate loans:
Performing	$	41,585	$	43,880	$	20,275	$	158,868	$	119,203	$	80,485	$	48,282	$	—	$	512,578
Non-performing	—		135		416		1,200		1,160		4,796		285		—		7,992
Total residential real estate loans	$	41,585	$	44,015	$	20,691	$	160,068	$	120,363	$	85,281	$	48,567	$	—	$	520,570
Residential real estate loans charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Six Months Ended June 30, 2025	—		—		—		—		—		—		—		—		—
Manufactured housing loans:
Performing	$	—	$	—	$	—	$	—	$	—	$	29,186	$	—	$	—	$	29,186
Non-performing	—		—		—		—		—		1,101		—		—		1,101
Total manufactured housing loans	$	—	$	—	$	—	$	—	$	—	$	30,287	$	—	$	—	$	30,287
Manufactured housing loans charge-offs:
Three Months Ended June 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Six Months Ended June 30, 2025	—		—		—		—		—		—		—		—		—
Installment loans:
Performing	$	35,106	$	89,950	$	194,252	$	199,486	$	64,404	$	40,627	$	43,786	$	2	$	667,613
Non-performing	951		6,010		1,830		1,367		641		313		93		—		11,205
Total installment loans	$	36,057	$	95,960	$	196,082	$	200,853	$	65,045	$	40,940	$	43,879	$	2	$	678,818
Installment loans charge-offs:
Three Months Ended June 30, 2025	$	364	$	1,081	$	3,258	$	3,437	$	1,713	$	897	$	—	$	—	$	10,750
Six Months Ended June 30, 2025	581		1,739		6,557		8,266		4,277		1,733		—		—		23,153
Total consumer loans	$	77,642	$	139,975	$	216,773	$	360,921	$	185,408	$	156,508	$	92,446	$	2	$	1,229,675
Total consumer loans charge-offs:
Three Months Ended June 30, 2025	$	364	$	1,081	$	3,258	$	3,437	$	1,713	$	897	$	—	$	—	$	10,750
Six Months Ended June 30, 2025	581		1,739		6,557		8,266		4,277		1,733		—		—		23,153

	Term Loans Amortized Cost Basis by Origination Year as of June 30, 2025
(amounts in thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Loans and leases receivable	$	2,052,969	$	2,401,368	$	1,028,515	$	3,309,265	$	1,054,284	$	1,516,989	$	2,179,549	$	165,828	$	13,708,767
Loans and leases receivable charge-offs:
Three Months Ended June 30, 2025	$	364	$	1,081	$	3,258	$	9,419	$	1,713	$	1,328	$	—	$	—	$	17,163
Six Months Ended June 30, 2025	$	581	$	1,739	$	6,660	$	18,261	$	4,289	$	6,396	$	—	$	—	$	37,926

	Term Loans Amortized Cost Basis by Origination Year as of December 31, 2024
(amounts in thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial and industrial loans and leases, including specialized lending:
Pass	$	2,103,150	$	738,456	$	1,278,246	$	333,068	$	107,840	$	6,742	$	1,907,480	$	336,100	$	6,811,082
Special mention	16,905		—		6,933		1,522		—		62		8,144		3,630		37,196
Substandard	—		1,631		43,668		11,525		4,178		62,095		27,830		2,814		153,741
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial and industrial loans and leases	$	2,120,055	$	740,087	$	1,328,847	$	346,115	$	112,018	$	68,899	$	1,943,454	$	342,544	$	7,002,019
Commercial and industrial loans and leases charge-offs:
For the Year Ended December 31, 2024 (1)	$	312	$	2,765	$	5,833	$	4,865	$	2,429	$	7,531	$	—	$	—	$	23,735
Multifamily loans:
Pass	$	235,685	$	813	$	1,182,371	$	288,055	$	124,779	$	314,967	$	—	$	—	$	2,146,670
Special mention	—		—		14,040		12,093		—		32,316		—		—		58,449
Substandard	—		—		—		—		—		47,127		—		—		47,127
Doubtful	—		—		—		—		—		—		—		—		—
Total multifamily loans	$	235,685	$	813	$	1,196,411	$	300,148	$	124,779	$	394,410	$	—	$	—	$	2,252,246
Multifamily loans charge-offs:
For the Year Ended December 31, 2024	$	—	$	—	$	—	$	—	$	—	$	4,073	$	—	$	—	$	4,073
Commercial real estate owner occupied loans:
Pass	$	395,522	$	54,356	$	211,300	$	195,169	$	42,078	$	118,677	$	7,605	$	104	$	1,024,811
Special mention	—		—		159		16,429		10,000		15,885		—		11,136		53,609
Substandard	—		2,944		703		—		—		18,877		—		—		22,524
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial real estate owner occupied loans	$	395,522	$	57,300	$	212,162	$	211,598	$	52,078	$	153,439	$	7,605	$	11,240	$	1,100,944
Commercial real estate owner occupied loans charge-offs:
For the Year Ended December 31, 2024	$	—	$	—	$	—	$	—	$	—	$	365	$	—	$	—	$	365
Commercial real estate non-owner occupied loans:
Pass	$	163,429	$	30,367	$	412,352	$	96,656	$	165,111	$	413,336	$	2,000	$	—	$	1,283,251
Special mention	—		12,000		4,277		—		—		431		—		—		16,708
Substandard	—		—		—		—		—		59,171		—		—		59,171
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial real estate non-owner occupied loans	$	163,429	$	42,367	$	416,629	$	96,656	$	165,111	$	472,938	$	2,000	$	—	$	1,359,130
Commercial real estate non-owner occupied loans charge-offs:
For the Year Ended December 31, 2024	$	—	$	—	$	—	$	—	$	145	$	—	$	—	$	—	$	145
Construction loans:
Pass	$	16,103	$	22,610	$	94,957	$	—	$	—	$	4,446	$	—	$	—	$	138,116
Special mention	—		9,093		—		—		—		—		—		—		9,093
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total construction loans	$	16,103	$	31,703	$	94,957	$	—	$	—	$	4,446	$	—	$	—	$	147,209
Construction loans charge-offs:
For the Year Ended December 31, 2024	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total commercial loans and leases receivable	$	2,930,794	$	872,270	$	3,249,006	$	954,517	$	453,986	$	1,094,132	$	1,953,059	$	353,784	$	11,861,548

	Term Loans Amortized Cost Basis by Origination Year as of December 31, 2024
(amounts in thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Total commercial loans and leases receivable charge-offs:
For the Year Ended December 31, 2024	$	312	$	2,765	$	5,833	$	4,865	$	2,574	$	11,969	$	—	$	—	$	28,318
Residential real estate loans:
Performing	$	45,757	$	20,701	$	163,473	$	123,170	$	5,827	$	77,989	$	50,807	$	—	$	487,724
Non-performing	138		273		925		1,077		317		5,425		680		—		8,835
Total residential real estate loans	$	45,895	$	20,974	$	164,398	$	124,247	$	6,144	$	83,414	$	51,487	$	—	$	496,559
Residential real estate loans charge-offs:
For the Year Ended December 31, 2024	$	—	$	—	$	—	$	—	$	—	$	38	$	—	$	—	$	38
Manufactured housing loans:
Performing	$	—	$	—	$	—	$	—	$	—	$	31,570	$	—	$	—	$	31,570
Non-performing	—		—		—		—		—		1,553		—		—		1,553
Total manufactured housing loans	$	—	$	—	$	—	$	—	$	—	$	33,123	$	—	$	—	$	33,123
Manufactured housing loans charge-offs:
For the Year Ended December 31, 2024	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Installment loans:
Performing	$	86,018	$	164,223	$	255,777	$	98,375	$	31,808	$	25,733	$	46,126	$	5	$	708,065
Non-performing	238		1,829		1,698		918		260		504		141		—		5,588
Total installment loans	$	86,256	$	166,052	$	257,475	$	99,293	$	32,068	$	26,237	$	46,267	$	5	$	713,653
Installment loans charge-offs:
For the Year Ended December 31, 2024	$	2,797	$	8,791	$	22,707	$	15,211	$	2,811	$	3,792	$	—	$	—	$	56,109
Total consumer loans	$	132,151	$	187,026	$	421,873	$	223,540	$	38,212	$	142,774	$	97,754	$	5	$	1,243,335
Total consumer loans charge-offs:
For the Year Ended December 31, 2024	$	2,797	$	8,791	$	22,707	$	15,211	$	2,811	$	3,830	$	—	$	—	$	56,147
Loans and leases receivable	$	3,062,945	$	1,059,296	$	3,670,879	$	1,178,057	$	492,198	$	1,236,906	$	2,050,813	$	353,789	$	13,104,883
Loans and leases receivable charge-offs:
For the Year Ended December 31, 2024	$	3,109	$	11,556	$	28,540	$	20,076	$	5,385	$	15,799	$	—	$	—	$	84,465

(1)    Charge-offs for the year ended December 31, 2024 included $5.0 million of commercial and industrial loans originated under the PPP that were subsequently determined to be ineligible for SBA forgiveness and guarantee and were ultimately deemed uncollectible.

Schedule of Loan Purchases and Sales

Purchases and sales of loans held for investment were as follows for the three and six months ended June 30, 2025 and 2024:

	Three Months Ended June 30,				Six Months Ended June 30,
(amounts in thousands)	2025		2024		2025		2024
Purchases (1)
Other commercial and industrial	$	52,776	$	—	$	53,855	$	7,403
Construction	10,080		—		10,080		—
Personal installment (2)	40,700		43,241		145,641		43,241
Total	$	103,556	$	43,241	$	209,576	$	50,644
Sales (3)
Other commercial and industrial	$	—	$	23,708	$	—	$	23,708
Multifamily	—		—		8,000		—
Personal installment	—		—		281		—
Total	$	—	$	23,708	$	8,281	$	23,708

(1)Amounts reported in the above table are the unpaid principal balance at time of purchase. The purchase price was 74.4% and 99.5% of the loans’ unpaid principal balance for the three months ended June 30, 2025 and 2024, respectively. The purchase price was 87.1% and 99.6% of the loans’ unpaid principal balance for the six months ended June 30, 2025 and 2024, respectively.

(2)Installment loan purchases for the three and six months ended June 30, 2025 and 2024 consist of third-party originated unsecured consumer loans. None of the loans held for investment are considered sub-prime at the time of origination. Customers considers sub-prime borrowers to be those with FICO scores below 660.

(3)The gain on sales of loans held for investment was insignificant for the three and six months ended June 30, 2025. For the three and six months ended June 30, 2024, sales of loans held for investment resulted in net losses of $0.2 million included in net gain (loss) on sale of loans and leases in the consolidated statements of income.

Financing Receivable, Purchased With Credit Deterioration

The reconciliation between the purchase price and the par value of the PCD debt securities was as follows:

(amounts in thousands)
Par value	$	5,100
Unamortized discount	(1,165)
Allowance for credit losses	(1,905)
Purchase price	$	2,030

The reconciliation between the purchase price and the unpaid principal balance was as follows:

(amounts in thousands)
Par value	$	32,050
Unamortized discount	(16,217)
Allowance for credit losses	(1,000)
Purchase price	$	14,833