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Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table provides a summary of the Company’s loan portfolio as of the dates indicated:


	As of December 31,
	2024		2023
	(In thousands)
Commercial and industrial	$	3,296,068	$	3,034,068
Commercial real estate	7,119,523		5,457,349
Commercial construction	494,842		386,999
Business banking	1,448,176		1,085,763
Residential real estate	4,063,659		2,565,485
Consumer home equity	1,385,394		1,208,231
Other consumer	271,422		235,533
Gross loans before unearned discounts and deferred fees, net	18,079,084		13,973,428
Allowance for loan losses (1)	(228,952)		(148,993)
Unearned discounts and deferred fees, net	(300,730)		(25,068)
Loans after the allowance for loan losses and net unearned discounts and deferred fees	$	17,549,402	$	13,799,367

(1)The balance of accrued interest receivable excluded from amortized cost and the calculation of the allowance for loan losses amounted to $66.7 million and $53.9 million as of December 31, 2024 and 2023, respectively, and is included within other assets on the Consolidated Balance Sheets.

Schedule of Financing Receivable, Allowance for Credit Loss

The following tables summarize the change in the allowance for loan losses by loan category for the periods indicated:


	For the Year Ended December 31, 2024
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	26,959	$	65,475	$	6,666	$	14,913	$	25,954	$	5,595	$	3,431	$	148,993
Initial reserve on PCD loans at merger	6,589		45,656		26		581		2,919		40		19		55,830
Charge-offs	(40)		(42,556)		—		(2,498)		(28)		(59)		(2,576)		(47,757)
Recoveries	99		2,207		—		1,189		205		136		670		4,506
Provision	7,483		45,393		1,770		5,714		3,241		1,760		2,019		67,380
Ending balance	$	41,090	$	116,175	$	8,462	$	19,899	$	32,291	$	7,472	$	3,563	$	228,952


	For the Year Ended December 31, 2023
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	26,859	$	54,730	$	7,085	$	16,189	$	28,129	$	6,454	$	2,765	$	142,211
Cumulative effect of change in accounting principle (1)	47		—		—		(140)		(849)		(201)		—		(1,143)
Charge-offs	(13)		(8,008)		—		(4,645)		—		(7)		(2,419)		(15,092)
Recoveries	296		198		—		1,867		97		41		466		2,965
Provision (release)	(230)		18,555		(419)		1,642		(1,423)		(692)		2,619		20,052
Ending balance	$	26,959	$	65,475	$	6,666	$	14,913	$	25,954	$	5,595	$	3,431	$	148,993

(1)Represents the adjustment needed to reflect the cumulative day one impact pursuant to the Company’s adoption of ASU 2022-02 (i.e., cumulative effect adjustment related to the adoption of ASU 2022-02 as of January 1, 2023). The adjustment represents a $1.1 million decrease to the allowance attributable to the change in accounting methodology for estimating the allowance for loan losses resulting from the Company’s adoption of the standard.


	For the Year Ended December 31, 2022
	Commercial and Industrial		Commercial Real Estate		Commercial Construction		Business Banking		Residential Real Estate		Consumer Home Equity		Other Consumer		Other		Total
	(In thousands)
Allowance for loan losses:
Beginning balance	$	18,018	$	52,373	$	2,585	$	10,983	$	6,556	$	3,722	$	3,308	$	242	$	97,787
Cumulative effect of change in accounting principle (1)	11,533		(6,655)		1,485		6,160		13,489		1,857		(541)		(242)		27,086
Charge-offs	(269)		—		—		(2,292)		—		(1)		(2,269)		—		(4,831)
Recoveries	1,322		91		—		2,069		94		24		644		—		4,244
Provision (release)	(3,745)		8,921		3,015		(731)		7,990		852		1,623		—		17,925
Ending balance	$	26,859	$	54,730	$	7,085	$	16,189	$	28,129	$	6,454	$	2,765	$	—	$	142,211

(1)Represents the adjustment needed to reflect the cumulative day one impact pursuant to the Company’s adoption of ASU 2016-13 (i.e., cumulative effect adjustment related to the adoption of ASU 2016-13 as of January 1, 2022). The adjustment represents a $27.1 million increase to the allowance attributable to the change in accounting methodology for estimating the allowance for loan losses resulting from the Company’s adoption of the standard. The adjustment also includes the adjustment needed to reflect the day one reclassification of the Company’s PCI loan balances to PCD and the associated gross-up of $0.1 million, pursuant to the Company’s adoption of ASU 2016-13.

Schedule of Details the Internal Risk-rating Categories for the Company's Commercial and Industrial, Commercial Real Estate, Commercial Construction and Business Banking Portfolios

The following table details the amortized cost balances of the Company’s loan portfolios, presented by credit quality indicator and origination year as of December 31, 2024, and gross charge-offs for the year ended December 31, 2024:


	2024		2023		2022		2021		2020		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
	(In thousands)
Commercial and industrial
Pass	$	358,054	$	365,372	$	407,129	$	310,250	$	341,049	$	745,815	$	522,236	$	22,800	$	3,072,705
Special Mention	19,721		25,719		5,963		24,199		43		4,563		26,522		508		107,238
Substandard	996		21,858		30,731		1,019		2,124		1,366		22,525		710		81,329
Doubtful	—		—		5,295		—		—		8		—		—		5,303
Loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial	378,771		412,949		449,118		335,468		343,216		751,752		571,283		24,018		3,266,575
Current period gross charge-offs	—		—		30		—		—		10		—		—		40

Commercial real estate
Pass	531,193		575,929		1,740,688		1,020,015		722,669		1,988,069		82,661		10,595		6,671,819
Special Mention	9,457		45,188		26,551		14,613		8,855		35,952		2,976		—		143,592
Substandard	—		45,762		17,404		18,051		293		44,713		1		—		126,224
Doubtful	3,450		17,081		—		—		4,237		77,675		—		—		102,443
Loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	544,100		683,960		1,784,643		1,052,679		736,054		2,146,409		85,638		10,595		7,044,078
Current period gross charge-offs	1,113		4,220		—		—		5,182		32,041		—		—		42,556

Commercial construction
Pass	96,423		228,979		132,389		16,836		—		—		15,616		—		490,243
Special Mention	—		621		—		—		—		—		—		—		621
Substandard	785		—		—		—		—		—		—		—		785
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial construction	97,208		229,600		132,389		16,836		—		—		15,616		—		491,649


Current period gross charge-offs	—		—		—		—		—		—		—		—		—

Business banking
Pass	173,110		141,000		178,696		208,835		156,366		441,532		103,222		5,040		1,407,801
Special Mention	533		60		1,409		1,929		—		6,203		20		262		10,416
Substandard	314		1,102		1,000		911		1,516		9,402		197		297		14,739
Doubtful	—		49		1,098		16		—		366		—		718		2,247
Loss	—		—		—		—		—		—		—		—		—
Total business banking	173,957		142,211		182,203		211,691		157,882		457,503		103,439		6,317		1,435,203
Current period gross charge-offs	31		647		145		671		329		270		—		405		2,498

Residential real estate
Current and accruing	213,244		321,097		970,831		1,032,297		548,987		800,995		—		—		3,887,451
30-89 days past due and accruing	944		2,300		6,480		5,437		3,209		9,606		—		—		27,976
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	884		103		3,721		1,092		575		6,580		—		—		12,955
Total residential real estate	215,072		323,500		981,032		1,038,826		552,771		817,181		—		—		3,928,382
Current period gross charge-offs	—		—		—		—		—		28		—		—		28

Consumer home equity
Current and accruing	10,425		32,573		74,385		7,954		4,293		76,953		1,143,767		15,629		1,365,979
30-89 days past due and accruing	—		275		103		—		—		1,179		6,965		574		9,096
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		63		61		—		—		1,223		8,151		715		10,213
Total consumer home equity	10,425		32,911		74,549		7,954		4,293		79,355		1,158,883		16,918		1,385,288
Current period gross charge-offs	—		—		—		—		—		2		57		—		59

Other consumer
Current and accruing	61,430		62,170		26,869		16,970		8,453		16,914		32,914		19		225,739
30-89 days past due and accruing	116		146		143		75		25		646		135		15		1,301
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		11		31		17		7		4		44		25		139
Total other consumer	61,546		62,327		27,043		17,062		8,485		17,564		33,093		59		227,179
Current period gross charge-offs	1,100		420		426		248		64		131		139		48		2,576

Total	$	1,481,079	$	1,887,458	$	3,630,977	$	2,680,516	$	1,802,701	$	4,269,764	$	1,967,952	$	57,907	$	17,778,354

(1)The amounts presented represent the amortized cost as of December 31, 2024 of revolving loans that were converted to term loans during the year ended December 31, 2024.

The following table details the amortized cost balances of the Company’s loan portfolios, presented by credit quality indicator and origination year as of December 31, 2023:


	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
	(In thousands)
Commercial and industrial
Pass	$	477,138	$	442,896	$	350,782	$	341,243	$	140,641	$	641,342	$	485,448	$	3,255	$	2,882,745
Special Mention	4,229		25,796		14,994		13,563		89		553		51,106		455		110,785
Substandard	1,534		11,995		1,775		405		—		2,581		7,803		—		26,093
Doubtful	—		—		—		—		—		8		—		—		8
Loss	—		—		—		—		—		—		—		—		—


Total commercial and industrial	482,901		480,687		367,551		355,211		140,730		644,484		544,357		3,710		3,019,631

Commercial real estate
Pass	498,590		1,435,893		855,014		573,370		516,689		1,291,189		47,581		2,556		5,220,882
Special Mention	15,200		7,990		—		736		2,281		34,803		—		—		61,010
Substandard	19,738		12,589		15,237		3,938		33,413		48,978		8,006		—		141,899
Doubtful	10,615		—		—		—		—		19,441		—		—		30,056
Loss	—		—		—		—		—		—		—		—		—
Total commercial real estate	544,143		1,456,472		870,251		578,044		552,383		1,394,411		55,587		2,556		5,453,847

Commercial construction
Pass	133,463		151,957		96,147		—		—		—		2,614		—		384,181
Special Mention	456		—		—		—		—		—		—		—		456
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—		—
Total commercial construction	133,919		151,957		96,147		—		—		—		2,614		—		384,637

Business banking
Pass	139,237		165,247		182,606		146,180		110,638		229,636		73,054		3,996		1,050,594
Special Mention	1,474		2,553		1,009		4,294		4,692		11,479		23		27		25,551
Substandard	1,310		596		2,684		2,071		1,464		3,423		594		579		12,721
Doubtful	—		—		—		—		507		220		—		—		727
Loss	—		—		—		—		—		—		—		—		—
Total business banking	142,021		168,396		186,299		152,545		117,301		244,758		73,671		4,602		1,089,593

Residential real estate
Current and accruing	257,671		728,997		665,811		354,003		93,817		451,812		—		—		2,552,111
30-89 days past due and accruing	750		6,615		2,437		2,112		1,496		8,219		—		—		21,629
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		1,755		1,433		291		288		4,958		—		—		8,725
Total residential real estate	258,421		737,367		669,681		356,406		95,601		464,989		—		—		2,582,465

Consumer home equity
Current and accruing	30,393		84,065		9,151		4,899		4,166		80,687		970,882		9,472		1,193,715
30-89 days past due and accruing	148		483		—		—		—		558		7,509		223		8,921
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	—		66		—		—		—		1,466		6,770		230		8,532
Total consumer home equity	30,541		84,614		9,151		4,899		4,166		82,711		985,161		9,925		1,211,168

Other consumer
Current and accruing	93,659		36,601		23,962		12,427		11,367		14,609		13,353		85		206,063
30-89 days past due and accruing	170		271		153		25		12		92		40		—		763
Loans 90 days or more past due and still accruing	—		—		—		—		—		—		—		—		—
Non-accrual	50		61		25		2		14		34		7		—		193
Total other consumer	93,879		36,933		24,140		12,454		11,393		14,735		13,400		85		207,019

Total	$	1,685,825	$	3,116,426	$	2,223,220	$	1,459,559	$	921,574	$	2,846,088	$	1,674,790	$	20,878	$	13,948,360

(1)The amounts presented represent the amortized cost as of December 31, 2023 of revolving loans that were converted to term loans during the year ended December 31, 2023.

Schedule of Age Analysis of Past Due Loans

The following tables show the age analysis of past due loans as of the dates indicated:


	As of December 31, 2024
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Commercial and industrial	$	28	$	—	$	90	$	118	$	3,266,457	$	3,266,575
Commercial real estate	17,081		6,432		9,180		32,693		7,011,385		7,044,078
Commercial construction	—		—		—		—		491,649		491,649
Business banking	13,680		1,605		1,826		17,111		1,418,092		1,435,203
Residential real estate	21,037		6,947		12,786		40,770		3,887,612		3,928,382
Consumer home equity	7,254		2,195		8,449		17,898		1,367,390		1,385,288
Other consumer	1,130		171		109		1,410		225,769		227,179
Total	$	60,210	$	17,350	$	32,440	$	110,000	$	17,668,354	$	17,778,354


	As of December 31, 2023
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Commercial and industrial	$	3,316	$	—	$	465	$	3,781	$	3,015,850	$	3,019,631
Commercial real estate	—		—		—		—		5,453,847		5,453,847
Commercial construction	—		—		—		—		384,637		384,637
Business banking	3,455		1,647		1,202		6,304		1,083,289		1,089,593
Residential real estate	17,116		4,888		6,764		28,768		2,553,697		2,582,465
Consumer home equity	6,517		2,600		8,204		17,321		1,193,847		1,211,168
Other consumer	532		235		189		956		206,063		207,019
Total	$	30,936	$	9,370	$	16,824	$	57,130	$	13,891,230	$	13,948,360

Schedule of Pertaining to the Breakdown of the Company's Nonaccrual Loans

The following table presents information regarding non-accrual loans as of the dates indicated:


	As of December 31, 2024						As of December 31, 2023
	Non-Accrual Loans With ACL		Non-Accrual Loans Without ACL (1)		Total Non-Accrual Loans		Non-Accrual Loans With ACL		Non-Accrual Loans Without ACL (1)		Total Nonaccrual Loans
	(In thousands)
Commercial and industrial	$	5,395	$	8	$	5,403	$	4	$	464	$	468
Commercial real estate	90,003		12,555		102,558		13,969		16,087		30,056
Commercial construction	—		—		—		—		—		—
Business banking	4,551		1		4,552		4,572		11		4,583
Residential real estate	12,955		—		12,955		8,725		—		8,725
Consumer home equity	10,213		—		10,213		8,532		—		8,532
Other consumer	139		—		139		193		—		193
Total non-accrual loans	$	123,256	$	12,564	$	135,820	$	35,995	$	16,562	$	52,557

(1)The loans on non-accrual status and without an ACL as of both December 31, 2024 and December 31, 2023, were primarily comprised of collateral dependent loans for which the fair value of the underlying loan collateral exceeded the loan carrying value.

Schedule of the Modifications Which Occurred During the Periods and the Change in the Recorded Investment Subsequent to the Modifications Occurring

The following table shows the amortized cost balance as of December 31, 2024 and 2023 of loans modified during the years then ended to borrowers experiencing financial difficulty by the type of concession granted:


	As of December 31, 2024				As of December 31, 2023
	Amortized Cost Balance		% of Total Portfolio		Amortized Cost Balance		% of Total Portfolio
	(Dollars in thousands)
Interest Rate Reduction:
Business banking	$	390	0.03	%	$	43	0.00	%
Residential real estate	—		—	%	301		0.01	%
Consumer home equity	869		0.06	%	1,883		0.16	%
Total interest rate reduction	$	1,259	0.01	%	$	2,227	0.02	%
Other-than-Insignificant Delay in Repayment:
Commercial real estate	$	11,453	0.16	%	$	—	—	%
Business banking	244		0.02	%	20		0.00	%
Residential real estate	1,320		0.03	%	3,284		0.13	%
Consumer home equity	1,387		0.10	%	1,004		0.08	%
Total other-than-insignificant delay in repayment	$	14,404	0.08	%	$	4,308	0.03	%
Term Extension:
Commercial real estate	$	7,595	0.11	%	$	—	—	%
Business banking	18		0.00	%	274		0.03	%
Residential real estate	189		0.00	%	—		—	%
Consumer home equity	2		0.00	%	—		—	%
Total term extension	$	7,804	0.04	%	$	274	0.00	%
Combination—Interest Rate Reduction & Other-than-Insignificant Delay in Repayment:
Commercial real estate	$	—	—	%	$	10,615	0.19	%
Business banking	—		—	%	86		0.01	%
Consumer home equity	387		0.03	%	603		0.05	%
Total combination—interest rate reduction & other-than-insignificant delay in repayment	$	387	0.00	%	$	11,304	0.08	%
Combination—Interest Rate Reduction & Term Extension:
Business banking	$	116	0.01	%	$	561	0.05	%
Consumer home equity	—		—	%	213		0.02	%
Total combination—interest rate reduction & term extension	$	116	0.00	%	$	774	0.01	%
Combination—Term Extension & Other-than-Insignificant Delay in Repayment:
Commercial real estate	$	6,692	0.10	%	$	—	—	%
Business banking	—		—	%	24		0.00	%
Residential real estate	—		—	%	140		0.01	%
Total combination—term extension & other-than-insignificant delay in repayment	$	6,692	0.04	%	$	164	0.00	%
Combination—Interest Rate Reduction, Term Extension & Other-than-Insignificant Delay in Repayment
Business banking	$	35	0.00	%	$	180	0.02	%
Residential real estate	—		—	%	81		0.00	%
Consumer home equity	5		0.00	%	51		0.00	%
Total combination—interest rate reduction, term extension & other-than-insignificant delay in repayment	$	40	0.00	%	$	312	0.00	%
Total by portfolio segment
Commercial real estate	$	25,740	0.37	%	$	10,615	0.19	%
Business banking	803		0.06	%	1,188		0.11	%
Residential real estate	1,509		0.04	%	3,806		0.15	%
Consumer home equity	2,650		0.19	%	3,754		0.31	%
Total	$	30,702	0.17	%	$	19,363	0.14	%

The following table describes the financial effect of the modifications made during the year ended December 31, 2024 to borrowers experiencing financial difficulty:

Loan Type

Financial Effect (1)

Interest Rate Reduction

Business banking

Reduced weighted average contractual interest rate from 9.5% to 5.2%.

Consumer home equity

Reduced weighted average contractual interest rate from 8.1% to 4.7%.

Other-than-Insignificant Delay in Repayment

Commercial real estate

Deferred a weighted average of 6 payments. The loans were re-amortized over an extended payment period resulting in reduced monthly payments for the borrowers.

Business banking

Deferred a weighted average of 6 payments. For principal and interest deferrals, the loans were re-amortized over an extended payment period resulting in reduced monthly payment amounts for the borrowers. For interest-only deferrals, interest accrued at the time of the modification was added to the end of the loan life.

Residential real estate

Deferred a weighted average of 6 principal and interest payments which were added to the end of the loan life.

Consumer home equity

Deferred a weighted average of 11 principal and interest payments which were added to the end of the loan life.

Term Extension

Commercial real estate

Added a weighted average 2.3 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Business banking

Added a weighted average 2.3 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Residential real estate

Added 2.0 years to the life of the loan, which reduced the monthly payment amount for the borrower.

Consumer home equity

Added a weighted average 7.4 years to the life of loans, which reduced monthly payment amounts for the borrowers.

(1)Loans that were modified in more than one manner are included in each modification type corresponding to the type of modifications performed.

The following table describes the financial effect of the modifications made during the year ended December 31, 2023 to borrowers experiencing financial difficulty:

Loan Type

Financial Effect (1)

Interest Rate Reduction

Commercial real estate

Reduced weighted average contractual interest rate from 7.4% to 3.4%.

Business banking

Reduced weighted average contractual interest rate from 9.8% to 7.6%.

Residential real estate

Reduced weighted average contractual interest rate from 5.4% to 3.6%.

Consumer home equity

Reduced weighted average contractual interest rate from 7.5% to 4.5%.

Other-than-Insignificant Delay in Repayment

Commercial real estate

Interest-only period of 9 months for one borrower. Principal deferred to the end of the loan life.

Business banking

Deferred a weighted average of 4 payments. For principal and interest deferrals, the loans were re-amortized over an extended payment period resulting in reduced monthly payment amounts for the borrowers. For interest-only deferrals, interest accrued at the time of the modification was added to the end of the loan life.

Residential real estate

Deferred a weighted average of 7 principal and interest payments which were added to the end of the loan life.

Consumer home equity

Deferred a weighted average of 8 principal and interest payments which were added to the end of the loan life.

Term Extension

Business banking

Added a weighted average 4.3 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Residential real estate

Added a weighted average 23.7 years to the life of loans, which reduced monthly payment amounts for the borrowers.

Consumer home equity

Added a weighted average 16.8 years to the life of loans, which reduced monthly payment amounts for the borrowers.

(1)Loans that were modified in more than one manner are included in each modification type corresponding to the type of modifications performed.

The following tables show the modifications which occurred during the periods indicated and the change in the recorded investment subsequent to the modifications occurring:


	For the Year Ended December 31, 2022
	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment (1)
	(Dollars in thousands)
Commercial and industrial	4	$	5,415	$	5,415
Business banking	30	2,779		2,798
Residential real estate	10	2,842		2,842
Consumer home equity	7	1,535		1,535
Total	51	$	12,571	$	12,590

(1)The post-modification balances represent the balance of the loan on the date of modification. These amounts may show an increase when modification includes capitalization of interest.

The following table shows the Company’s post-modification balance of TDRs listed by type of modification during the year ended December 31, 2022:


	For the Year Ended December 31, 2022
	(In thousands)
Extended maturity	$	1,011
Adjusted interest rate and extended maturity	1,088
Interest only/principal deferred	1,499
Covenant modification	2,418
Court-ordered concession	—
Principal and interest deferred	3,353
Extended maturity and interest only/principal deferred	2,997
Other	224
Total	$	12,590

Schedule of the Age Analysis of Past Due Loans to Borrowers Experiencing Financial Difficulty

The following tables show the age analysis of past due loans to borrowers experiencing financial difficulty as of December 31, 2024 and 2023 that were modified during the 12-month periods then ended:


	As of December 31, 2024
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
	(In thousands)
Commercial real estate	$	—	$	—	$	—	$	—	$	25,740	$	25,740
Business banking	—		—		—		—		803		803
Residential real estate	116		—		—		116		1,393		1,509
Consumer home equity	5		223		390		618		2,032		2,650
Total	$	121	$	223	$	390	$	734	$	29,968	$	30,702


	As of December 31, 2023
	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
	(In thousands)
Commercial real estate	$	—	$	—	$	—	$	—	$	10,615	$	10,615
Business banking	—		—		—		—		1,188		1,188
Residential real estate	366		227		—		593		3,213		3,806
Consumer home equity	51		—		400		451		3,303		3,754
Total	$	417	$	227	$	400	$	1,044	$	18,319	$	19,363

Schedule of Participating Mortgage Loans

The following table summarizes the Company’s loan participations:


	As of and for the Year Ended December 31,
	2024						2023
	Balance		Non-performing Loan Rate (%)		Gross Charge-offs		Balance		Non-performing Loan Rate (%)		Gross Charge-offs
	(Dollars in thousands)
Commercial and industrial	$	1,031,237	0.00	%	$	—	$	985,394	0.00	%	$	—
Commercial real estate	944,371		3.87	%	10,290		447,550		0.00	%	—
Commercial construction	159,237		0.00	%	—		146,043		0.00	%	—
Business banking	1,612		0.00	%	—		72		0.00	%	22
Total loan participations	$	2,136,457	1.71	%	$	10,290	$	1,579,059	0.00	%	$	22