Loans and the Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2025

Financing Receivable, Allowance for Credit Loss [Line Items]

Schedule of Recorded Investment in Loans by Category

The recorded investment in loans is presented in the Consolidated Balance Sheets net of deferred loan fees and costs, and discounts on purchased loans. Net deferred loan costs were $13.6 million and $11.9 million at June 30, 2025 and December 31, 2024, respectively. The unaccreted discount on purchased loans from acquisitions was $328.1 million at June 30, 2025 and $10.5 million at December 31, 2024.

	June 30,		December 31,
(unaudited, in thousands)	2025		2024
Commercial real estate:
Land and construction	$	1,732,088	$	1,352,083
Improved property		8,868,122		5,974,598
Total commercial real estate		10,600,210		7,326,681
Commercial and industrial		2,819,096		1,787,277
Residential real estate		3,939,796		2,520,086
Home equity		1,052,334		821,110
Consumer		417,190		201,275
Total portfolio loans		18,828,626		12,656,429
Loans held for sale		123,019		18,695
Total loans	$	18,951,645	$	12,675,124

Summary of Changes in Allowance for Credit Losses

The following tables summarize changes in the allowance for credit losses applicable to each category of the loan portfolio:

	Allowance for Credit Losses By Category
	For the Six Months Ended June 30, 2025 and 2024
(unaudited, in thousands)	Commercial Real Estate - Land and Construction			Commercial Real Estate- Improved Property			Commercial & Industrial			Residential Real Estate			Home Equity			Consumer			Deposit Overdrafts (1)			Total
Balance at December 31, 2024
Allowance for credit    losses - loans	$	8,411		$	59,828		$	42,398		$	21,790		$	1,235		$	3,391		$	1,713		$	138,766
Allowance for credit    losses - loan commitments		5,105			—			—			1,015			—			—			—			6,120
Total beginning allowance for credit    losses - loans and loan    commitments		13,516			59,828			42,398			22,805			1,235			3,391			1,713			144,886
Initial allowance for credit    losses on acquired PCD loans		177			5,951			7,160			3,192			604			3,095			—			20,179
Provision for credit losses:
Provision for loan losses		2,317			34,027			16,833			9,745			959			6,476			1,664			72,021
Provision for loan commitments		254			—			—			(206	)		—			—			—			48
Total provision for credit    losses - loans and loan    commitments (2)		2,571			34,027			16,833			9,539			959			6,476			1,664			72,069
Charge-offs		—			(678	)		(3,821	)		(412	)		(817	)		(3,283	)		(1,364	)		(10,375	)
Recoveries		11			116			1,367			199			236			1,038			308			3,275
Net recoveries (charge-offs) (3)		11			(562	)		(2,454	)		(213	)		(581	)		(2,245	)		(1,056	)		(7,100	)
Balance at June 30, 2025
Allowance for credit    losses - loans		10,916			99,244			63,937			34,514			2,217			10,717			2,321			223,866
Allowance for credit    losses - loan commitments		5,359			—			—			809			—			—			—			6,168
Total ending allowance for credit    losses - loans and loan    commitments	$	16,275		$	99,244		$	63,937		$	35,323		$	2,217		$	10,717		$	2,321		$	230,034
Balance at December 31, 2023
Allowance for credit    losses - loans	$	7,123		$	59,351		$	36,644		$	21,218		$	1,017		$	3,956		$	1,366		$	130,675
Allowance for credit    losses - loan commitments		6,894			—			429			1,276			5			—			—			8,604
Total beginning allowance for credit    losses - loans and loan    commitments		14,017			59,351			37,073			22,494			1,022			3,956			1,366			139,279
Provision for credit losses:
Provision for loan losses		1,516			(402	)		9,726			1,342			203			773			833			13,991
Provision for loan commitments		1,046			—			(429	)		(22	)		(5	)		—			—			590
Total provision for credit    losses - loans and loan    commitments (2)		2,562			(402	)		9,297			1,320			198			773			833			14,581
Charge-offs		(813	)		(815	)		(6,072	)		(272	)		(413	)		(1,980	)		(861	)		(11,226	)
Recoveries		—			443			1,107			115			297			894			213			3,069
Net (charge-offs) recoveries		(813	)		(372	)		(4,965	)		(157	)		(116	)		(1,086	)		(648	)		(8,157	)
Balance at June 30, 2024
Allowance for credit    losses - loans		7,826			58,577			41,405			22,403			1,104			3,643			1,551			136,509
Allowance for credit    losses - loan commitments		7,940			—			—			1,254			—			—			—			9,194
Total ending allowance for credit    losses - loans and loan    commitments	$	15,766		$	58,577		$	41,405		$	23,657		$	1,104		$	3,643		$	1,551		$	145,703

(1) Deposit overdrafts of $8.5 million and $4.6 million are included in total portfolio loans for the periods ending June 30, 2025 and June 30, 2024, respectively.

(2) The total provision for credit losses - loans and loan commitments is reported in the consolidated statements of income in the provision for credit losses line item, which also includes the provision for credit losses on held-to-maturity securities. For more information on the provision relating to held-to-maturity securities, please see Note 4, "Securities."

(3) The charge-offs on the acquired PFC loan portfolio prior to the acquisition were $22.7 million.

Allowance for Credit Losses and Recorded Investments in Loans

The following tables present the allowance for credit losses and recorded investments in loans by category, as of each period-end:

	Allowance for Credit Losses and Recorded Investment in Loans
(unaudited, in thousands)	Commercial Real Estate- Land and Construction		Commercial Real Estate- Improved Property		Commercial and Industrial		Residential Real Estate		Home Equity		Consumer		Deposit Overdrafts (1)		Total
June 30, 2025
Allowance for credit losses:
Loans individually-evaluated	$	—	$	17,005	$	6,054	$	—	$	—	$	—	$	—	$	23,059
Loans collectively-evaluated		10,916		82,239		57,883		34,514		2,217		10,717		2,321		200,807
Loan commitments (2)		5,359		—		—		809		—		—		—		6,168
Total allowance for credit    losses - loans and commitments	$	16,275	$	99,244	$	63,937	$	35,323	$	2,217	$	10,717	$	2,321	$	230,034
Portfolio loans:
Individually-evaluated for credit    losses	$	—	$	36,819	$	6,965	$	—	$	—	$	—	$	—	$	43,784
Collectively-evaluated for credit    losses		1,732,088		8,831,303		2,812,131		3,939,796		1,052,334		417,190		—		18,784,842
Total portfolio loans	$	1,732,088	$	8,868,122	$	2,819,096	$	3,939,796	$	1,052,334	$	417,190	$	—	$	18,828,626
December 31, 2024
Allowance for credit losses:
Loans individually-evaluated	$	—	$	12,461	$	5,353	$	—	$	—	$	—	$	—	$	17,814
Loans collectively-evaluated		8,411		47,367		37,045		21,790		1,235		3,391		1,713		120,952
Loan commitments (2)		5,105		—		—		1,015		—		—		—		6,120
Total allowance for credit    losses - loans and commitments	$	13,516	$	59,828	$	42,398	$	22,805	$	1,235	$	3,391	$	1,713	$	144,886
Portfolio loans:
Individually-evaluated for credit    losses	$	—	$	45,224	$	7,116	$	—	$	—	$	—	$	—	$	52,340
Collectively-evaluated for credit    losses		1,352,083		5,929,374		1,780,161		2,520,086		821,110		201,275		—		12,604,089
Total portfolio loans	$	1,352,083	$	5,974,598	$	1,787,277	$	2,520,086	$	821,110	$	201,275	$	—	$	12,656,429

(1) Deposit overdrafts of $8.5 million and $13.8 million are included in total portfolio loans for the periods ending June 30, 2025 and December 31, 2024, respectively.

(2) For additional detail relating to loan commitments, see Note 13, "Commitments and Contingent Liabilities."

Summary of Commercial Loans by Risk Grade

The following tables summarize commercial loans by their assigned risk grade:

	Commercial Loans by Internally Assigned Risk Grade
(unaudited, in thousands)	Commercial Real Estate- Land and Construction		Commercial Real Estate- Improved Property		Commercial & Industrial		Total Commercial Loans
As of June 30, 2025
Pass	$	1,657,871	$	8,413,346	$	2,664,825	$	12,736,042
Criticized - compromised		59,225		351,570		120,620		531,415
Classified - substandard		14,992		103,206		33,651		151,849
Classified - doubtful		—		—		—		—
Total	$	1,732,088	$	8,868,122	$	2,819,096	$	13,419,306
As of December 31, 2024
Pass	$	1,347,374	$	5,690,606	$	1,721,309	$	8,759,289
Criticized - compromised		3,873		189,322		48,805		242,000
Classified - substandard		836		94,670		17,163		112,669
Classified - doubtful		—		—		—		—
Total	$	1,352,083	$	5,974,598	$	1,787,277	$	9,113,958

Summary of Age Analysis of Loan Categories

The following tables summarize the age analysis of all categories of loans:

	Age Analysis of Loans
(unaudited, in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Total Loans		90 Days or More Past Due and Accruing (1)
As of June 30, 2025
Commercial real estate:
Land and construction	$	1,729,085	$	293	$	1,347	$	1,363	$	3,003	$	1,732,088	$	—
Improved property		8,817,806		12,040		4,381		33,895		50,316		8,868,122		9,134
Total commercial real estate		10,546,891		12,333		5,728		35,258		53,319		10,600,210		9,134
Commercial and industrial		2,797,202		4,068		1,313		16,513		21,894		2,819,096		1,864
Residential real estate		3,897,587		689		19,491		22,029		42,209		3,939,796		7,418
Home equity		1,031,465		11,228		3,477		6,164		20,869		1,052,334		1,515
Consumer		403,031		9,098		2,082		2,979		14,159		417,190		959
Total portfolio loans		18,676,176		37,416		32,091		82,943		152,450		18,828,626		20,890
Loans held for sale		123,019		—		—		—		—		123,019		—
Total loans	$	18,799,195	$	37,416	$	32,091	$	82,943	$	152,450	$	18,951,645	$	20,890
Nonperforming loans included above are as follows:
Non-accrual loans	$	18,160	$	1,208	$	2,898	$	62,053	$	66,159	$	84,319
As of December 31, 2024
Commercial real estate:
Land and construction	$	1,351,251	$	832	$	—	$	—	$	832	$	1,352,083	$	—
Improved property		5,935,163		7,646		8,148		23,641		39,435		5,974,598		5,561
Total commercial real estate		7,286,414		8,478		8,148		23,641		40,267		7,326,681		5,561
Commercial and industrial		1,772,832		957		8,872		4,616		14,445		1,787,277		3,498
Residential real estate		2,506,959		1,483		3,523		8,121		13,127		2,520,086		2,489
Home equity		806,025		7,420		3,043		4,622		15,085		821,110		1,150
Consumer		195,082		3,916		1,384		893		6,193		201,275		857
Total portfolio loans		12,567,312		22,254		24,970		41,893		89,117		12,656,429		13,555
Loans held for sale		18,695		—		—		—		—		18,695		—
Total loans	$	12,586,007	$	22,254	$	24,970	$	41,893	$	89,117	$	12,675,124	$	13,555
Nonperforming loans included above are as follows:
Non-accrual loans	$	10,117	$	684	$	613	$	28,338	$	29,635	$	39,752

Summary of Nonperforming Loans

The following tables summarize nonperforming loans:

	Nonperforming Loans
	June 30, 2025						December 31, 2024
	Unpaid						Unpaid
	Principal		Recorded		Related		Principal		Recorded		Related
(unaudited, in thousands)	Balance (1)		Investment		Allowance		Balance (1)		Investment		Allowance
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	1,373	$	1,363	$	—	$	—	$	—	$	—
Improved property		18,043		15,313		—		17,489		15,918		—
Commercial and industrial		11,534		8,655		—		2,896		1,897		—
Residential real estate		34,357		26,116		—		17,200		12,524		—
Home equity		11,638		8,459		—		8,284		6,208		—
Consumer		4,442		2,579		—		140		87		—
Total nonperforming loans without a specific allowance		81,387		62,485		—		46,009		36,634		—
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		—		—		—		—
Improved property		14,898		14,875		7,698		3,118		3,118		516
Commercial and industrial		6,959		6,959		6,054		—		—		—
Residential real estate		—		—		—		—		—		—
Home equity		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total nonperforming loans with a specific allowance		21,857		21,834		13,752		3,118		3,118		516
Total nonperforming loans	$	103,244	$	84,319	$	13,752	$	49,127	$	39,752	$	516

(1) The difference between the unpaid principal balance and the recorded investment generally reflects amounts that have been previously charged-off and fair market value adjustments on acquired nonperforming loans.

	Nonperforming Loans
	For the Three Months Ended								For the Six Months Ended
	June 30, 2025				June 30, 2024				June 30, 2025				June 30, 2024
	Average		Interest		Average		Interest		Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income		Recorded		Income		Recorded		Income
(unaudited, in thousands)	Investment		Recognized		Investment		Recognized		Investment		Recognized		Investment		Recognized
With no related specific allowance recorded:
Commercial real estate:
Land and construction	$	682	$	—	$	197	$	—	$	454	$	—	$	131	$	—
Improved property		19,689		—		15,140		—		18,432		—		13,279		—
Commercial and industrial		9,450		—		2,412		—		6,932		—		2,221		—
Residential real estate		26,059		—		11,342		—		21,547		—		11,089		—
Home equity		8,108		—		5,035		—		7,474		—		4,949		—
Consumer		2,962		—		69		—		2,004		—		63		—
Total nonperforming loans without a specific allowance		66,950		—		34,194		—		56,843		—		31,732		—
With a specific allowance recorded:
Commercial real estate:
Land and construction		—		—		—		—		—		—		—		—
Improved property		9,008		—		—		—		7,045		—		—		—
Commercial and industrial		6,959		—		—		—		4,639		—		—		—
Total nonperforming loans with a specific allowance		15,967		—		—		—		11,684		—		—		—
Total nonperforming loans	$	82,917	$	—	$	34,194	$	—	$	68,527	$	—	$	31,732	$	—

Recorded Investment in Non-Accrual Loans

The following table presents the recorded investment in non-accrual loans:

	Non-accrual Loans (1)
	June 30,		December 31,
(unaudited, in thousands)	2025		2024
Commercial real estate:
Land and construction	$	1,363	$	—
Improved property		30,188		19,036
Total commercial real estate		31,551		19,036
Commercial and industrial		15,614		1,897
Residential real estate		26,116		12,524
Home equity		8,459		6,208
Consumer		2,579		87
Total	$	84,319	$	39,752

(1) At June 30, 2025, there were thirteen borrowers with a loan balance greater than $1.0 million, which totaled $37.4 million, as compared to six borrowers with a loan balance greater than $1.0 million totaling $13.1 million at December 31, 2024. Loans acquired from PFC that were on non-accrual status as of June 30, 2025 totaled approximately $18.9 million. Total non-accrual loans may include loans that are also restructured for borrowers experiencing financial difficulty. Such loans are also set forth in the following tables.

Summary of Details of Portfolio Loans Modified by Loan Category

The following table displays the details of portfolio loans that were modified during the three and six months ended June 30, 2025 and 2024 presented by loan category:

	For the Three Months Ended June 30, 2025
(unaudited, in thousands)	Term Extension		Rate Reduction		Payment Delay		Payment Delay and Term Extension		Total		% of Total by Loan Category
Commercial real estate - land and construction	$	—	$	—	$	—	$	—	$	—		—
Commercial real estate - improved property		—		—		—		—		—		—
Commercial and industrial		1,143		10		—		—		1,153		—
Residential real estate		—		—		2,156		—		2,156		0.1
Home equity		—		—		370		—		370		—
Consumer		—		—		495		—		495		0.1
Total	$	1,143	$	10	$	3,021	$	—	$	4,174		—
	For the Three Months Ended June 30, 2024
(unaudited, in thousands)	Term Extension		Rate Reduction		Payment Delay		Payment Delay and Term Extension		Total		% of Total by Loan Category
Commercial real estate - land and construction	$	5	$	—	$	—	$	—	$	5		—
Commercial real estate - improved property		4,378		—		—		—		4,378		0.1
Commercial and industrial		496		—		9		—		505		—
Residential real estate		—		—		164		—		164		—
Home equity		—		—		109		—		109		—
Consumer		—		—		114		—		114		0.1
Total	$	4,879	$	—	$	396	$	—	$	5,275		—
	For the Six Months Ended June 30, 2025
(unaudited, in thousands)	Term Extension		Rate Reduction		Payment Delay		Term Extension and Rate Reduction		Total		% of Total by Loan Category
Commercial real estate - land and construction	$	24,219	$	—	$	—	$	—	$	24,219		1.4
Commercial real estate - improved property		16,090		—		1,490		247		17,827		0.2
Commercial and industrial		5,997		10		59		—		6,066		0.2
Residential real estate		—		—		2,642		—		2,642		0.1
Home equity		—		—		761		—		761		0.1
Consumer		—		—		549		—		549		0.1
Total	$	46,306	$	10	$	5,501	$	247	$	52,064		0.3
	For the Six Months Ended June 30, 2024
(unaudited, in thousands)	Term Extension		Rate Reduction		Payment Delay		Term Extension and Rate Reduction		Total		% of Total by Loan Category
Commercial real estate - land and construction	$	5	$	—	$	—	$	—	$	5		—
Commercial real estate - improved property		25,288		—		—		—		25,288		0.4
Commercial and industrial		496		—		9		—		505		—
Residential real estate		—		—		739		—		739		—
Home equity		—		—		449		—		449		0.1
Consumer		—		—		223		—		223		0.1
Total	$	25,789	$	—	$	1,420	$	—	$	27,209		0.2

Unfunded loan commitments on modifications for borrowers experiencing financial difficulty ("MBEFDs") totaled $1.7 million for loans modified during the six months ended June 30, 2025 and $1.0 million for loans modified during the six months ended June 30, 2024. These commitments are not included in the tables above.

Summary of Financial Impacts of Loan Modifications and Payment Deferrals to Portfolio Loans

The following table summarizes the financial impacts of loan modifications and payment deferrals made to portfolio loans during the three and six months ended June 30, 2025 and 2024, presented by loan category:

	For the Three Months Ended June 30, 2025		For the Three Months Ended June 30, 2024
(unaudited, in thousands)	Weighted-Average Term Extension (in months)		Weighted-Average Term Extension (in months)
Commercial real estate - land and construction		—		24
Commercial real estate - improved property		—		4
Commercial and industrial		7		33
Residential real estate		—		—
Home equity		—		—
Consumer		—		—
	For the Six Months Ended		For the Six Months Ended
	June 30, 2025		June 30, 2024
(unaudited, in thousands)	Weighted-Average Term Extension (in months)		Weighted-Average Term Extension (in months)
Commercial real estate - land and construction		6		24
Commercial real estate - improved property		9		9
Commercial and industrial		13		33
Residential real estate		—		—
Home equity		—		—
Consumer		—		—

Summary of Loans with MBEFDs

The following table summarizes loans with MBEFDs which defaulted (defined as 90 days past due) within 12 months of the loan being modified during the three and six months ended June 30, 2025 and 2024. Modified loans, including those that have defaulted, are already included in the allowance for credit losses through the various methodologies used to estimate the allowance. As such, no modification to the allowance is recorded specifically due to a modified loan subsequently defaulting.

	For the Three Months Ended June 30, 2025						For the Three Months Ended June 30, 2024
(unaudited, in thousands)	Term Extension		Payment Delay		Total		Term Extension		Payment Delay		Total
Commercial real estate - land and construction	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate - improved property		—		—		—		—		—		—
Commercial and industrial		—		—		—		180		—		180
Residential real estate		—		123		123		—		—		—
Home equity		—		109		109		—		—		—
Consumer		—		80		80		—		31		31
Total loans that subsequently defaulted (1)	$	—	$	312	$	312	$	180	$	31	$	211
	For the Six Months Ended						For the Six Months Ended
	June 30, 2025						June 30, 2024
(unaudited, in thousands)	Term Extension		Payment Delay		Total		Term Extension		Payment Delay		Total
Commercial real estate - land and construction	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate - improved property		3,468		—		3,468		—		—		—
Commercial and industrial		—		—		—		180		—		180
Residential real estate		—		123		123		—		118		118
Home equity		—		115		115		—		—		—
Consumer		—		80		80		—		48		48
Total loans that subsequently defaulted (1)	$	3,468	$	318	$	3,786	$	180	$	166	$	346

Summary of Aging Analysis of Portfolio Loans Restructured

The following table presents an aging analysis of portfolio loans by loan category that were modified during the twelve months prior to June 30, 2025 and June 30, 2024.

	June 30, 2025
(unaudited, in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total
Commercial real estate - land and construction	$	—	$	—	$	832	$	832	$	24,218	$	25,050
Commercial real estate - improved property		—		1,446		3,468		4,914		74,595		79,509
Commercial and industrial		—		489		6,995		7,484		5,578		13,062
Residential real estate		—		1,039		953		1,992		3,359		5,351
Home equity		297		132		343		772		972		1,744
Consumer		31		88		92		211		454		665
Total modified loans (1)	$	328	$	3,194	$	12,683	$	16,205	$	109,176	$	125,381
	June 30, 2024
(unaudited, in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total
Commercial real estate - land and construction	$	—	$	—	$	—	$	—	$	5	$	5
Commercial real estate - improved property		—		16		—		16		25,585		25,601
Commercial and industrial		91		9		—		100		405		505
Residential real estate		—		36		265		301		1,252		1,553
Home equity		15		—		176		191		750		941
Consumer		21		36		31		88		230		318
Total modified loans (1)	$	127	$	97	$	472	$	696	$	28,227	$	28,923

(1) Represents balance at period end.

Summary of Amortized Cost Basis Loan Balances by Year of Origination and Credit Quality Indicator

The following tables summarize amortized cost basis loan balances by year of origination and credit quality indicator:

	Loans As of June 30, 2025
	Amortized Cost Basis by Origination Year
(unaudited, in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial real estate: land and construction
Risk rating:
Pass	$	110,325	$	393,928	$	482,460	$	292,940	$	35,606	$	89,959	$	147,765	$	104,888	$	1,657,871
Criticized - compromised		—		—		—		54,423		—		279		—		4,523		59,225
Classified - substandard		—		—		324		—		—		1,563		—		13,105		14,992
Classified - doubtful		—		—		—		—		—		—		—		—		—
Total	$	110,325	$	393,928	$	482,784	$	347,363	$	35,606	$	91,801	$	147,765	$	122,516	$	1,732,088
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate: improved property
Risk rating:
Pass	$	335,922	$	621,201	$	571,797	$	1,620,681	$	940,405	$	3,260,353	$	265,490	$	797,497	$	8,413,346
Criticized - compromised		—		29,547		8,619		81,875		20,267		60,615		30,414		120,233		351,570
Classified - substandard		247		19,599		6,182		31,353		4,319		35,629		272		5,605		103,206
Classified - doubtful		—		—		—		—		—		—		—		—		—
Total	$	336,169	$	670,347	$	586,598	$	1,733,909	$	964,991	$	3,356,597	$	296,176	$	923,335	$	8,868,122
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	9	$	634	$	—	$	35	$	678
Commercial and industrial
Risk rating:
Pass	$	147,257	$	274,552	$	198,899	$	373,138	$	207,269	$	356,548	$	930,155	$	177,007	$	2,664,825
Criticized - compromised		46		14,014		5,193		9,072		8,863		13,176		60,711		9,545		120,620
Classified - substandard		29		3,593		588		3,461		2,018		7,447		6,170		10,345		33,651
Classified - doubtful		—		—		—		—		—		—		—		—		—
Total	$	147,332	$	292,159	$	204,680	$	385,671	$	218,150	$	377,171	$	997,036	$	196,897	$	2,819,096
Current-period gross charge-offs	$	—	$	477	$	548	$	880	$	479	$	202	$	1,088	$	147	$	3,821
Residential real estate
Loan delinquency:
Current	$	107,301	$	219,631	$	285,658	$	758,553	$	651,602	$	1,068,960	$	—	$	805,882	$	3,897,587
30-59 days past due		—		—		—		—		—		689		—		—		689
60-89 days past due		84		1,101		2,335		3,827		2,806		8,435		—		903		19,491
90 days or more past due		—		727		1,696		3,194		2,218		12,398		—		1,796		22,029
Total	$	107,385	$	221,459	$	289,689	$	765,574	$	656,626	$	1,090,482	$	—	$	808,581	$	3,939,796
Current-period gross charge-offs	$	—	$	—	$	33	$	150	$	—	$	158	$	—	$	71	$	412
Home equity
Loan delinquency:
Current	$	13,475	$	2,428	$	1,850	$	3,032	$	1,460	$	22,967	$	968,539	$	17,714	$	1,031,465
30-59 days past due		102		657		586		1,269		246		2,087		5,553		728		11,228
60-89 days past due		26		586		285		478		243		1,183		76		600		3,477
90 days or more past due		—		289		1,469		744		440		2,548		46		628		6,164
Total	$	13,603	$	3,960	$	4,190	$	5,523	$	2,389	$	28,785	$	974,214	$	19,670	$	1,052,334
Current-period gross charge-offs	$	—	$	2	$	221	$	170	$	98	$	309	$	3	$	14	$	817
Consumer
Loan delinquency:
Current	$	45,026	$	91,217	$	80,713	$	95,631	$	30,827	$	31,865	$	27,621	$	131	$	403,031
30-59 days past due		279		1,922		2,776		2,014		698		893		492		24		9,098
60-89 days past due		54		472		423		672		179		269		—		13		2,082
90 days or more past due		41		318		865		980		401		374		—		—		2,979
Total	$	45,400	$	93,929	$	84,777	$	99,297	$	32,105	$	33,401	$	28,113	$	168	$	417,190
Current-period gross charge-offs	$	22	$	1,113	$	599	$	889	$	392	$	268	$	—	$	—	$	3,283

	Loans As of December 31, 2024
	Amortized Cost Basis by Origination Year
(in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial real estate: land and construction
Risk rating:
Pass	$	245,699	$	403,923	$	249,690	$	84,527	$	21,316	$	52,485	$	145,032	$	144,702	$	1,347,374
Criticized - compromised		1,746		—		1,096		—		—		10		376		645		3,873
Classified - substandard		—		—		—		—		—		4		—		832		836
Classified - doubtful		—		—		—		—		—		—		—		—		—
Total	$	247,445	$	403,923	$	250,786	$	84,527	$	21,316	$	52,499	$	145,408	$	146,179	$	1,352,083
Current-period gross charge-offs	$	—	$	813	$	—	$	—	$	—	$	—	$	—	$	—	$	813
Commercial real estate: improved property
Risk rating:
Pass	$	542,333	$	472,746	$	1,038,745	$	543,212	$	512,916	$	1,897,950	$	200,572	$	482,132	$	5,690,606
Criticized - compromised		365		28,204		5,188		13,590		6,733		39,845		825		94,572		189,322
Classified - substandard		19,746		1,836		23,393		1,186		9,952		36,142		623		1,792		94,670
Classified - doubtful		—		—		—		—		—		—		—		—		—
Total	$	562,444	$	502,786	$	1,067,326	$	557,988	$	529,601	$	1,973,937	$	202,020	$	578,496	$	5,974,598
Current-period gross charge-offs	$	—	$	—	$	75	$	7	$	—	$	855	$	—	$	—	$	937
Commercial and industrial
Risk rating:
Pass	$	225,344	$	139,460	$	206,252	$	106,446	$	48,285	$	250,438	$	616,831	$	128,253	$	1,721,309
Criticized - compromised		217		7,335		3,337		921		1,597		7,660		20,464		7,274		48,805
Classified - substandard		1,494		382		1,158		1,225		65		2,639		2,460		7,740		17,163
Classified - doubtful		—		—		—		—		—		—		—		—		—
Total	$	227,055	$	147,177	$	210,747	$	108,592	$	49,947	$	260,737	$	639,755	$	143,267	$	1,787,277
Current-period gross charge-offs	$	48	$	648	$	1,048	$	228	$	162	$	1,029	$	1	$	7,369	$	10,533
Residential real estate
Loan delinquency:
Current	$	201,454	$	195,121	$	323,588	$	397,596	$	168,526	$	471,081	$	—	$	749,593	$	2,506,959
30-59 days past due		—		—		—		—		—		1,483		—		—		1,483
60-89 days past due		—		—		—		319		37		2,763		—		404		3,523
90 days or more past due		—		219		838		128		204		5,237		—		1,495		8,121
Total	$	201,454	$	195,340	$	324,426	$	398,043	$	168,767	$	480,564	$	—	$	751,492	$	2,520,086
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	250	$	—	$	58	$	308
Home equity
Loan delinquency:
Current	$	11,504	$	1,857	$	2,220	$	969	$	2,623	$	22,444	$	763,157	$	1,251	$	806,025
30-59 days past due		—		167		530		65		88		1,226		5,166		178		7,420
60-89 days past due		—		656		1,170		346		—		636		91		144		3,043
90 days or more past due		—		927		795		235		363		2,045		112		145		4,622
Total	$	11,504	$	3,607	$	4,715	$	1,615	$	3,074	$	26,351	$	768,526	$	1,718	$	821,110
Current-period gross charge-offs	$	—	$	355	$	132	$	65	$	35	$	260	$	28	$	119	$	994
Consumer
Loan delinquency:
Current	$	51,073	$	55,821	$	36,994	$	11,744	$	5,640	$	9,270	$	24,540	$	—	$	195,082
30-59 days past due		774		1,225		765		602		205		197		148		—		3,916
60-89 days past due		271		327		517		161		51		57		—		—		1,384
90 days or more past due		320		235		123		116		34		65		—		—		893
Total	$	52,438	$	57,608	$	38,399	$	12,623	$	5,930	$	9,589	$	24,688	$	—	$	201,275
Current-period gross charge-offs	$	382	$	1,578	$	1,466	$	497	$	166	$	313	$	—	$	—	$	4,402

Summary of Other Real Estate Owned and Repossessed Assets

The following table summarizes other real estate owned and repossessed assets included in other assets:

	June 30,		December 31,
(unaudited, in thousands)	2025		2024
Other real estate owned	$	662	$	649
Repossessed assets		296		203
Total other real estate owned and repossessed assets	$	958	$	852