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

9 Months Ended

Sep. 30, 2025

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


(amounts in thousands)	September 30, 2025		December 31, 2024
Loans and leases receivable:
Commercial:
Commercial and industrial:

Specialized lending (1)	$	7,083,620	$	5,842,420
Other commercial and industrial	1,146,233		1,182,350
Multifamily	2,356,590		2,252,246
Commercial real estate owner occupied	1,058,741		1,100,944
Commercial real estate non-owner occupied	1,582,332		1,359,130
Construction	123,290		147,209

Total commercial loans and leases receivable	13,350,806		11,884,299
Consumer:
Residential real estate	514,544		496,559
Manufactured housing	28,749		33,123
Installment:

Personal	570,768		463,854
Other	208,769		249,799

Total consumer loans receivable	1,322,830		1,243,335
Loans and leases receivable	14,673,636		13,127,634

Loans receivable, mortgage finance, at fair value	1,486,978		1,321,128
Loans receivable, installment, at fair value	111,636		—
Allowance for credit losses on loans and leases	(151,809)		(136,775)
Total loans and leases receivable, net of allowance for credit losses on loans and leases (2)	$	16,120,441	$	14,311,987

(1)Includes direct finance and sales-type equipment leases of $272.1 million and $262.7 million at September 30, 2025 and December 31, 2024, respectively.

(2)Includes deferred (fees) costs and unamortized (discounts) premiums, net of $(35.5) million and $(20.8) million at September 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 September 30, 2025 and December 31, 2024:


	September 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	$	6,257	$	144	$	4,122	$	10,523	$	8,213,864	$	8,224,387


Multifamily	—		—		—		—		2,356,590		2,356,590

Commercial real estate owner occupied	—		—		3,931		3,931		1,054,810		1,058,741
Commercial real estate non-owner occupied	—		3,747		—		3,747		1,578,585		1,582,332
Construction	—		—		—		—		123,290		123,290
Residential real estate	5,296		2,767		4,268		12,331		502,213		514,544
Manufactured housing	509		66		1,558		2,133		26,616		28,749
Installment	7,082		3,276		4,225		14,583		764,954		779,537



Total	$	19,144	$	10,000	$	18,104	$	47,248	$	14,620,922	$	14,668,170


	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 $4.0 million and $17.1 million as of September 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 $121.1 million and $126.4 million at September 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 nine months ended September 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:


	September 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	$	4,430	$	—	$	4,430	$	4,041	$	—	$	4,041


Multifamily	—		—		—		11,834		—		11,834

Commercial real estate owner occupied	3,932		—		3,932		8,090		—		8,090
Commercial real estate non-owner occupied	—		—		—		354		—		354

Residential real estate	7,143		488		7,631		8,274		440		8,714
Manufactured housing	—		1,315		1,315		—		1,852		1,852
Installment	—		4,225		4,225		—		5,613		5,613



Total	$	15,505	$	6,028	$	21,533	$	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 nine months ended September 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 September 30, 2025
Ending Balance, June 30, 2025	$	36,262	$	20,864	$	12,514	$	20,679	$	2,160	$	6,331	$	3,721	$	44,887	$	147,418

Charge-offs	(2,383)		—		(335)		(3,073)		—		(39)		—		(11,670)		(17,500)
Recoveries	203		—		—		—		—		14		—		1,912		2,129
Provision (benefit) for credit losses on loans and leases	313		(891)		(1,188)		2,178		(182)		39		(213)		19,706		19,762
Ending Balance, September 30, 2025	$	34,395	$	19,973	$	10,991	$	19,784	$	1,978	$	6,345	$	3,508	$	54,835	$	151,809
Nine Months Ended September 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	(12,886)		(3,834)		(771)		(3,073)		—		(40)		—		(34,821)		(55,425)
Recoveries	3,604		—		9		—		6		19		—		6,157		9,795
Provision (benefit) for credit losses on loans and leases	13,298		5,296		998		5,452		722		398		(321)		33,821		59,664
Ending Balance, September 30, 2025	$	34,395	$	19,973	$	10,991	$	19,784	$	1,978	$	6,345	$	3,508	$	54,835	$	151,809



(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 September 30, 2024
Ending Balance, June 30, 2024	$	23,721	$	20,652	$	8,431	$	17,966	$	1,856	$	5,884	$	4,094	$	49,832	$	132,436

Charge-offs	(6,538)		(2,167)		(4)		—		—		(19)		—		(12,496)		(21,224)
Recoveries	1,482		—		—		—		3		40		—		2,655		4,180
Provision (benefit) for credit losses on loans and leases	6,526		(395)		2,486		(663)		(253)		(68)		(13)		10,146		17,766
Ending Balance, September 30, 2024	$	25,191	$	18,090	$	10,913	$	17,303	$	1,606	$	5,837	$	4,081	$	50,137	$	133,158
Nine Months Ended September 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	(19,282)		(4,073)		(26)		—		—		(38)		—		(43,356)		(66,775)
Recoveries	4,889		—		—		—		10		61		—		8,092		13,052
Provision (benefit) for credit losses on loans and leases	16,081		5,820		1,057		444		114		(772)		(158)		28,984		51,570
Ending Balance, September 30, 2024	$	25,191	$	18,090	$	10,913	$	17,303	$	1,606	$	5,837	$	4,081	$	50,137	$	133,158

(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 nine months ended September 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 nine months ended September 30, 2025 and 2024, disaggregated by class of financing receivable and type of modification granted:


	Three Months Ended September 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	$	1,625	$	—	$	—	$	—	$	1,625	0.02	%









Personal installment	1,004		346		686		729		2,765		0.48	%

Total	$	2,629	$	346	$	686	$	729	$	4,390


	Three Months Ended September 30, 2024
(dollars in thousands)	Interest Rate Reduction		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	$	—	$	—	$	4,800	$	—	$	—	$	4,800	0.07	%







Manufactured housing	—		18		—		—		79		97		0.28	%

Personal installment	266		1,770		55		37		—		2,128		0.47	%

Total	$	266	$	1,788	$	4,855	$	37	$	79	$	7,025


	Nine Months Ended September 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	$	2,306	$	637	$	—	$	—	$	2,943	0.04	%










Personal installment	3,547		1,436		1,126		853		6,962		1.22	%

Total	$	5,853	$	2,073	$	1,126	$	853	$	9,905


	Nine Months Ended September 30, 2024
(dollars in thousands)	Interest Rate Reduction		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	$	—	$	2,000	$	8,049	$	—	$	—	$	10,049	0.15	%

Multifamily	—		—		10,713		—		—		10,713		0.51	%





Residential real estate	—		—		52		—		—		52		0.01	%
Manufactured housing	—		96		—		—		128		224		0.65	%

Personal installment	266		4,970		178		93		—		5,507		1.21	%

Total	$	266	$	7,066	$	18,992	$	93	$	128	$	26,545

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


	Three Months Ended September 30, 2025					Three Months Ended September 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	—%	3	0	$	—	—%	0	10	$	—





Manufactured housing	—	0	0	—		3.8	115	0	—
Personal installment	11.3	5	10	1,007		13.6	5	7	12


	Nine Months Ended September 30, 2025						Nine Months Ended September 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	—	%	5	6	$	—	—	%	1	8	$	—
Multifamily	—		0	0	—		—		0	5	—



Residential real estate	—		0	0	—		—		0	5	—
Manufactured housing	—		0	0	—		4.0		78	0	—
Personal installment	11.4		5	8	1,934		13.6		5	7	153

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 September 30, 2025 and 2024:


	September 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	$	—	$	—	$	345	$	2,597	$	2,942









Manufactured housing	—		—		—		89		89

Personal installment	494		477		251		6,221		7,443

Total	$	494	$	477	$	596	$	8,907	$	10,474


	September 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	$	—	$	—	$	230	$	22,395	$	22,625

Multifamily	—		—		—		10,713		10,713




Residential real estate	—		—		—		52		52
Manufactured housing	19		24		37		269		349

Personal installment	436		331		665		7,393		8,825

Total	$	455	$	355	$	932	$	40,822	$	42,564

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 September 30, 2025 and December 31, 2024:


	Term Loans Amortized Cost Basis by Origination Year as of September 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	$	2,135,318	$	1,375,217	$	601,142	$	1,052,846	$	284,513	$	143,493	$	2,237,798	$	188,059	$	8,018,386
Special mention	7,200		8,713		300		26,239		34		—		8,753		9,050		60,289
Substandard	—		5,000		821		18,554		3,758		86,766		28,242		2,571		145,712
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial and industrial loans and leases	$	2,142,518	$	1,388,930	$	602,263	$	1,097,639	$	288,305	$	230,259	$	2,274,793	$	199,680	$	8,224,387

Commercial and industrial loans and leases charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	778	$	881	$	337	$	387	$	—	$	—	$	2,383
Nine Months Ended September 30, 2025	—		—		881		10,459		349		1,197		—		—		12,886























Multifamily loans:
Pass	$	298,280	$	239,628	$	785	$	1,154,886	$	244,266	$	298,843	$	—	$	—	$	2,236,688
Special mention	—		—		—		14,635		20,573		15,468		—		—		50,676
Substandard	—		—		—		7,212		17,075		44,939		—		—		69,226
Doubtful	—		—		—		—		—		—		—		—		—
Total multifamily loans	$	298,280	$	239,628	$	785	$	1,176,733	$	281,914	$	359,250	$	—	$	—	$	2,356,590

Multifamily loans charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Nine Months Ended September 30, 2025	—		—		—		—		—		3,834		—		—		3,834

Commercial real estate owner occupied loans:
Pass	$	92,941	$	386,075	$	53,025	$	196,486	$	163,037	$	131,235	$	7,605	$	33	$	1,030,437
Special mention	—		—		—		10,869		1,237		6,991		—		—		19,097
Substandard	—		—		2,936		—		362		5,909		—		—		9,207
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial real estate owner occupied loans	$	92,941	$	386,075	$	55,961	$	207,355	$	164,636	$	144,135	$	7,605	$	33	$	1,058,741

Commercial real estate owner occupied loans charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	7	$	—	$	—	$	328	$	—	$	—	$	335
Nine Months Ended September 30, 2025	—		—		7		417		—		347		—		—		771








Commercial real estate non-owner occupied loans:
Pass	$	329,738	$	161,926	$	16,174	$	385,482	$	92,735	$	530,611	$	2,000	$	—	$	1,518,666
Special mention	—		—		21,971		29,858		—		5,903		—		—		57,732
Substandard	—		—		—		345		—		5,589		—		—		5,934
Doubtful	—		—		—		—		—		—		—		—		—
Total commercial real estate non-owner occupied loans	$	329,738	$	161,926	$	38,145	$	415,685	$	92,735	$	542,103	$	2,000	$	—	$	1,582,332

Commercial real estate non-owner occupied loans charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	—	$	—	$	—	$	3,073	$	—	$	—	$	3,073
Nine Months Ended September 30, 2025	—		—		—		—		—		3,073		—		—		3,073


	Term Loans Amortized Cost Basis by Origination Year as of September 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	$	15,515	$	44,711	$	42,143	$	20,921	$	—	$	—	$	—	$	—	$	123,290
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total construction loans	$	15,515	$	44,711	$	42,143	$	20,921	$	—	$	—	$	—	$	—	$	123,290

Construction loans charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Nine Months Ended September 30, 2025	—		—		—		—		—		—		—		—		—

Total commercial loans and leases receivable	$	2,878,992	$	2,221,270	$	739,297	$	2,918,333	$	827,590	$	1,275,747	$	2,284,398	$	199,713	$	13,345,340

Total commercial loans and leases receivable charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	785	$	881	$	337	$	3,788	$	—	$	—	$	5,791
Nine Months Ended September 30, 2025	—		—		888		10,876		349		8,451		—		—		20,564

Residential real estate loans:
Performing	$	47,446	$	43,767	$	19,943	$	156,292	$	116,588	$	77,714	$	46,027	$	—	$	507,777
Non-performing	—		135		634		837		1,184		3,806		171		—		6,767
Total residential real estate loans	$	47,446	$	43,902	$	20,577	$	157,129	$	117,772	$	81,520	$	46,198	$	—	$	514,544

Residential real estate loans charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Nine Months Ended September 30, 2025	—		—		—		—		—		—		—		—		—

Manufactured housing loans:
Performing	$	—	$	—	$	—	$	—	$	—	$	27,779	$	—	$	—	$	27,779
Non-performing	—		—		—		—		—		970		—		—		970
Total manufactured housing loans	$	—	$	—	$	—	$	—	$	—	$	28,749	$	—	$	—	$	28,749

Manufactured housing loans charge-offs:
Three Months Ended September 30, 2025	$	—	$	—	$	39	$	—	$	—	$	—	$	—	$	—	$	39
Nine Months Ended September 30, 2025	—		—		40		—		—		—		—		—		40

Installment loans:
Performing	$	153,194	$	92,329	$	202,023	$	193,018	$	54,012	$	36,532	$	42,322	$	1	$	773,431
Non-performing	1,641		766		1,944		972		392		350		41		—		6,106
Total installment loans	$	154,835	$	93,095	$	203,967	$	193,990	$	54,404	$	36,882	$	42,363	$	1	$	779,537

Installment loans charge-offs:
Three Months Ended September 30, 2025	$	969	$	1,484	$	3,375	$	3,974	$	1,328	$	540	$	—	$	—	$	11,670
Nine Months Ended September 30, 2025	1,550		3,223		9,932		12,238		5,605		2,273		—		—		34,821




























Total consumer loans	$	202,281	$	136,997	$	224,544	$	351,119	$	172,176	$	147,151	$	88,561	$	1	$	1,322,830

Total consumer loans charge-offs:
Three Months Ended September 30, 2025	$	969	$	1,484	$	3,414	$	3,974	$	1,328	$	540	$	—	$	—	$	11,709
Nine Months Ended September 30, 2025	1,550		3,223		9,972		12,238		5,605		2,273		—		—		34,861


	Term Loans Amortized Cost Basis by Origination Year as of September 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	$	3,081,273	$	2,358,267	$	963,841	$	3,269,452	$	999,766	$	1,422,898	$	2,372,959	$	199,714	$	14,668,170

Loans and leases receivable charge-offs:
Three Months Ended September 30, 2025	$	969	$	1,484	$	4,199	$	4,855	$	1,665	$	4,328	$	—	$	—	$	17,500
Nine Months Ended September 30, 2025	$	1,550	$	3,223	$	10,860	$	23,114	$	5,954	$	10,724	$	—	$	—	$	55,425


	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 nine months ended September 30, 2025 and 2024:


	Three Months Ended September 30,				Nine Months Ended September 30,
(amounts in thousands)	2025		2024		2025		2024
Purchases (1)

Other commercial and industrial	$	888	$	602	$	54,743	$	8,005




Construction	—		—		10,080		—



Personal installment (2)	151,998		69,976		297,639		113,217

Total	$	152,886	$	70,578	$	362,462	$	121,222
Sales (3)

Other commercial and industrial	$	—	$	—	$	—	$	23,708
Multifamily	—		—		8,000		—






Personal installment	—		53,021		281		53,021

Total	$	—	$	53,021	$	8,281	$	76,729

(1)Amounts reported in the above table are the unpaid principal balance at time of purchase. The purchase price was 98.7% and 95.9% of the loans’ unpaid principal balance for the three months ended September 30, 2025 and 2024, respectively. The purchase price was 92.0% and 97.5% of the loans’ unpaid principal balance for the nine months ended September 30, 2025 and 2024, respectively.

(2)Installment loan purchases for the three and nine months ended September 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 nine months ended September 30, 2025. For the three and nine months ended September 30, 2024, sales of loans held for investment resulted in no gain or loss and net losses of $0.2 million, respectively, included in net gain (loss) on sale of loans and leases in the consolidated statements of income.