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LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Loans and Leases, Net of Unearned Income

Following is a summary of total loans and leases, net of unearned income:

TABLE 5.1


December 31	2025		2024
(in millions)
Commercial real estate	$	12,274	$	12,705
Commercial and industrial	7,718		7,550
Commercial leases	791		765
Other	141		144
Total commercial loans and leases	20,924		21,164
Direct installment	2,678		2,676
Residential mortgages	8,882		7,986
Indirect installment	767		739
Consumer lines of credit	1,526		1,374
Total consumer loans	13,853		12,775
Total loans and leases, net of unearned income	$	34,777	$	33,939

Schedule of Certain Information Relating to Commercial Real Estate Loans

The following table shows occupancy information relating to commercial real estate loans:

TABLE 5.2


December 31	2025		2024
Commercial real estate:
Percent owner-occupied	30.9	%	29.0	%
Percent non-owner-occupied	69.1		71.0

Schedule of Loans to Related Parties

Following is a summary of the activity for these related-party loans during 2025:

TABLE 5.3


(in millions)
Balance at beginning of period	$	6
New loans	4
Repayments	(2)
Other	(1)
Balance at end of period	$	7

Schedule of Loan, Credit Quality Indicators

We use an internal risk rating assigned to a commercial loan or lease at origination, summarized below.

TABLE 5.4


Rating Category						Definition
Pass						in general, the condition of the borrower and the performance of the loan is satisfactory or better
Special Mention						in general, the condition of the borrower has deteriorated, requiring an increased level of monitoring
Substandard						in general, the condition of the borrower has significantly deteriorated and the performance of the loan could further deteriorate if deficiencies are not corrected
Doubtful						in general, the condition of the borrower has significantly deteriorated and the collection in full of both principal and interest is highly questionable or improbable

Schedule of Financing Receivables, Originated Year

The following table summarizes the designated loan rating category by loan class including term loans on an amortized cost basis by origination year and year-to-date gross charge-offs by originating year:

TABLE 5.5


(in millions)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
December 31, 2025
COMMERCIAL
Commercial Real Estate:
Risk Rating:
Pass	$	1,438	$	1,336	$	1,654	$	1,587	$	1,686	$	3,637	$	195	$	11,533
Special Mention	5		17		18		135		94		147		6		422
Substandard	1		11		10		59		37		195		6		319

Total commercial real estate	1,444		1,364		1,682		1,781		1,817		3,979		207		12,274
Commercial real estate gross charge-offs	—		—		0.4		5.4		3.9		20.3		—		30.0
Commercial and Industrial:
Risk Rating:
Pass	1,799		1,011		787		616		360		835		1,835		7,243
Special Mention	35		11		12		5		3		72		148		286
Substandard	2		14		45		11		7		22		88		189

Total commercial and industrial	1,836		1,036		844		632		370		929		2,071		7,718
Commercial and industrial gross charge-offs	0.1		1.5		1.0		3.5		7.0		24.8		—		37.9
Commercial Leases:
Risk Rating:
Pass	262		222		140		73		41		37		—		775
Special Mention	1		3		1		—		1		3		—		9
Substandard	—		—		4		1		2		—		—		7

Total commercial leases	263		225		145		74		44		40		—		791
Commercial leases gross charge-offs	—		—		—		—		—		0.2		—		0.2
Other Commercial:
Risk Rating:
Pass	9		—		58		—		—		4		70		141



Total other commercial	9		—		58		—		—		4		70		141
Other commercial gross charge-offs	—		—		—		—		—		4.7		—		4.7
Total commercial loans and leases	3,552		2,625		2,729		2,487		2,231		4,952		2,348		20,924


(in millions)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Total
December 31, 2025
CONSUMER
Direct Installment:
Current	446		273		218		535		592		601		—		2,665
Past due	—		1		1		3		2		6		—		13
Total direct installment	446		274		219		538		594		607		—		2,678
Direct installment gross charge-offs	0.1		0.2		0.2		0.2		—		0.2		—		0.9
Residential Mortgages:
Current	1,741		1,464		1,245		1,468		1,317		1,579		—		8,814
Past due	6		11		11		7		5		28		—		68
Total residential mortgages	1,747		1,475		1,256		1,475		1,322		1,607		—		8,882
Residential mortgages gross charge-offs	0.1		0.3		0.5		0.1		0.1		1.3		—		2.4
Indirect Installment:
Current	311		272		16		41		69		43		—		752
Past due	1		3		2		4		4		1		—		15
Total indirect installment	312		275		18		45		73		44		—		767
Indirect installment gross charge-offs	0.4		1.0		0.9		2.5		2.0		0.8		—		7.6
Consumer Lines of Credit:
Current	4		6		19		39		12		139		1,295		1,514
Past due	—		—		1		1		—		8		2		12
Total consumer lines of credit	4		6		20		40		12		147		1,297		1,526
Consumer lines of credit gross charge-offs	—		—		0.1		0.1		—		0.8		—		1.0
Total consumer loans	2,509		2,030		1,513		2,098		2,001		2,405		1,297		13,853
Total loans and leases	$	6,061	$	4,655	$	4,242	$	4,585	$	4,232	$	7,357	$	3,645	$	34,777
Total charge-offs	$	0.7	$	3.0	$	3.1	$	11.8	$	13.0	$	53.1	$	—	$	84.7


(in millions)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
December 31, 2024
COMMERCIAL
Commercial Real Estate:
Risk Rating:
Pass	$	1,405	$	1,661	$	2,025	$	1,984	$	1,200	$	3,235	$	197	$	11,707
Special Mention	1		10		177		52		107		181		37		565
Substandard	2		16		119		43		55		195		3		433

Total commercial real estate	1,408		1,687		2,321		2,079		1,362		3,611		237		12,705
Commercial real estate gross charge-offs	—		0.8		1.0		15.0		10.5		11.3		—		38.6
Commercial and Industrial:
Risk Rating:
Pass	1,241		1,079		1,074		647		461		669		1,861		7,032
Special Mention	6		20		57		74		12		63		41		273
Substandard	4		50		11		33		8		59		80		245

Total commercial and industrial	1,251		1,149		1,142		754		481		791		1,982		7,550
Commercial and industrial gross charge-offs	0.1		3.9		1.5		1.8		6.0		7.6		—		20.9
Commercial Leases:
Risk Rating:
Pass	331		184		106		60		26		39		—		746
Special Mention	—		1		—		—		—		1		—		2
Substandard	—		6		2		4		5		—		—		17

Total commercial leases	331		191		108		64		31		40		—		765
Commercial leases gross charge-offs	—		—		—		—		—		0.3		—		0.3
Other Commercial:
Risk Rating:
Pass	12		62		—		—		—		5		65		144



Total other commercial	12		62		—		—		—		5		65		144
Other commercial gross charge-offs	—		—		—		—		—		4.2		—		4.2
Total commercial loans and leases	3,002		3,089		3,571		2,897		1,874		4,447		2,284		21,164


(in millions)	2024		2023		2022		2021		2020		Prior		Revolving Loans Amortized Cost Basis		Total
December 31, 2024
CONSUMER
Direct Installment:
Current	346		277		621		683		341		396		—		2,664
Past due	—		1		3		1		1		6		—		12
Total direct installment	346		278		624		684		342		402		—		2,676
Direct installment gross charge-offs	—		0.2		0.3		0.2		—		1.1		—		1.8
Residential Mortgages:
Current	1,663		1,478		1,598		1,417		728		1,048		—		7,932
Past due	2		15		6		5		1		25		—		54
Total residential mortgages	1,665		1,493		1,604		1,422		729		1,073		—		7,986
Residential mortgages gross charge-offs	0.1		0.6		0.3		0.2		—		1.4		—		2.6
Indirect Installment:
Current	396		24		67		142		49		42		—		720
Past due	1		3		6		6		2		1		—		19
Total indirect installment	397		27		73		148		51		43		—		739
Indirect installment gross charge-offs	0.2		1.8		4.5		3.2		0.5		1.6		—		11.8
Consumer Lines of Credit:
Current	8		29		51		13		1		117		1,141		1,360
Past due	—		—		1		1		—		10		2		14
Total consumer lines of credit	8		29		52		14		1		127		1,143		1,374
Consumer lines of credit gross charge-offs	—		0.1		0.1		0.1		—		1.3		—		1.6
Total consumer loans	2,416		1,827		2,353		2,268		1,123		1,645		1,143		12,775
Total loans and leases	$	5,418	$	4,916	$	5,924	$	5,165	$	2,997	$	6,092	$	3,427	$	33,939
Total charge-offs	$	0.4	$	7.4	$	7.7	$	20.5	$	17.0	$	28.8	$	—	$	81.8

Schedule of Age Analysis of Past Due Loans, by Class

The following table provides an analysis of the aging of loans by class.

TABLE 5.6


(in millions)	30-89 Days Past Due		≥ 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans and Leases		Non-accrual with No ACL
December 31, 2025
Commercial real estate	$	10	$	—	$	45	$	55	$	12,219	$	12,274	$	18
Commercial and industrial	10		—		35		45		7,673		7,718		15
Commercial leases	—		—		3		3		788		791		—
Other	34		1		2		37		104		141		—
Total commercial loans and leases	54		1		85		140		20,784		20,924		33
Direct installment	8		1		4		13		2,665		2,678		—
Residential mortgages	47		9		12		68		8,814		8,882		1
Indirect installment	14		—		1		15		752		767		—
Consumer lines of credit	7		2		3		12		1,514		1,526		—
Total consumer loans	76		12		20		108		13,745		13,853		1
Total loans and leases	$	130	$	13	$	105	$	248	$	34,529	$	34,777	$	34


(in millions)	30-89 Days Past Due		> 90 Days Past Due and Still Accruing		Non- Accrual		Total Past Due		Current		Total Loans and Leases		Non-accrual with No ACL
December 31, 2024
Commercial real estate	$	26	$	—	$	88	$	114	$	12,591	$	12,705	$	24
Commercial and industrial	10		—		52		62		7,488		7,550		19
Commercial leases	1		—		2		3		762		765		—
Other	1		—		2		3		141		144		—
Total commercial loans and leases	38		—		144		182		20,982		21,164		43
Direct installment	8		2		2		12		2,664		2,676		—
Residential mortgages	38		9		7		54		7,932		7,986		—
Indirect installment	16		1		2		19		720		739		—
Consumer lines of credit	8		2		4		14		1,360		1,374		—
Total consumer loans	70		14		15		99		12,676		12,775		—
Total loans and leases	$	108	$	14	$	159	$	281	$	33,658	$	33,939	$	43

Schedule of Non-Performing Assets

Following is a summary of non-performing assets:

TABLE 5.7


December 31	2025			2024
(dollars in millions)
Non-accrual loans	$	105		$	159
Total non-performing loans and leases	105			159
Other real estate owned	3			3
Total non-performing assets	$	108		$	162
Asset quality ratios:
Non-performing loans and leases / total loans and leases	0.30		%	0.47		%
Non-performing assets plus 90 days or more past due / total loans and leases plus OREO	0.35			0.52

Schedule of Financing Receivable, Modified

The following table shows the amortized cost basis at the end of the reporting period of the loans modified during the period to borrowers experiencing financial difficulty, disaggregated by class of financing receivable, type of concession granted and the financial effect of the modifications made to borrowers experiencing financial difficulty:

TABLE 5.8


(dollars in millions)	Amortized Cost Basis		% of Total Class of Financing Receivable		Financial Effect
Twelve Months Ended December 31, 2025
Term Extension
Commercial real estate	$	2.3	0.02	%	The modified loans had an average increase in term of 6 months, extending the maturity date.
Commercial and industrial	1.2		0.02		The modified loans had an average increase in term of 21 months, extending the maturity date.


Direct installment	2.7		0.10		The modified loans had an average increase in term of 77 months, extending the maturity date.
Residential mortgages	6.0		0.07		The modified loans had an average increase in term of 37 months, extending the maturity date.

Consumer lines of credit	0.7		0.05		The modified loans had an average increase in term of 169 months, extending the maturity date.
Total	12.9




















Term Extension and Rate Reduction





Residential mortgages	3.2		0.04		The term was extended, with weighted average yield reductions of 32 basis points to 475 basis points with extensions up to 28 years.


Total	3.2








































Other
Commercial real estate	1.5		0.01		The majority resulted in a 3 to 6 month deferral on principal payments.
Commercial and industrial	0.7		0.01		The majority resulted in a 3-month deferral on principal payments






Total	2.2
Total Outstanding Modified	$	18.3


(dollars in millions)	Amortized Cost Basis		% of Total Class of Financing Receivable		Financial Effect

Twelve Months Ended December 31, 2024
Term Extension
Commercial real estate	$	0.3	—	%	The modified loans had an average increase in term of 7 months, extending the maturity date.
Commercial and industrial	0.1		—		Modifications were made with no material financial effect.


Direct installment	1.5		0.06		The modified loans had an average increase in term of 65 months, extending the maturity date.
Residential mortgages	7.3		0.09		The modified loans had an average increase in term of 70 months, extending the maturity date.

Consumer lines of credit	1.3		0.09		The modified loans had an average increase in term of 221 months, extending the maturity date.
Total	10.5
Rate Reduction





Residential mortgages	0.1		—		Modifications were made with no material financial effect.


Total	0.1










Term Extension and Rate Reduction
Commercial real estate	17.6		0.14		The terms were extended, with a weighted average yield reduction of 190 basis points.
Commercial and industrial	15.5		0.21		The modified loans had an average increase in term of 6 months, at a reduced rate.



Residential mortgages	1.3		0.02		Modifications were made with no material financial effect.

Consumer lines of credit	0.2		0.01		Modifications were made with no material financial effect.
Total	34.6






























Balloon Payment
Commercial real estate	0.7		0.01		Modifications were made with no material financial effect.






Consumer lines of credit	0.2		0.03		Modifications were made with no material financial effect.
Total	0.9
Other
Commercial real estate	2.0		0.02		3 to 12 month payment deferrals with no income being earned on these loans.
Commercial and industrial	5.2		0.07		Temporarily lowered monthly payments, 3 to 9 month payment deferral or temporary interest only payments while borrowers were in work-out.






Total	7.2
Total Outstanding Modified	$	53.3


(dollars in millions)	Amortized Cost Basis		% of Total Class of Financing Receivable		Financial Effect

Twelve Months Ended December 31, 2023
Term Extension
Commercial real estate	$	21.5	0.17	%	The modified loans had an average increase in term of 15 months, extending the maturity date.
Commercial and industrial	20.6		0.28		The modified loans had an average increase in term of 34 months, extending the maturity date.


Direct installment	1.7		0.06		The modified loans had an average increase in term of 90 months, extending the maturity date.
Residential mortgages	3.8		0.06		The modified loans had an average increase in term of 91 months, extending the maturity date.

Consumer lines of credit	0.5		0.04		The repayment on the loans modified was extended, lowering the monthly repayment.
Total	48.1




















Term Extension and Rate Reduction

Commercial and industrial	0.1		—		The term was extended, with a weighted average yield reduction of 462 basis points.


Direct installment	0.4		0.01		The modified loans had an average increase in term of 319 months, extending the maturity date.
Residential mortgages	0.8		0.01		The term was extended, with a weighted average yield reduction of 267 basis points.

Consumer lines of credit	0.7		0.05		The term was extended, with a weighted average yield reduction of 266 basis points.
Total	2.0








































Other
Commercial real estate	8.3		0.07		The modified loans had an average increase in term of 6 months, extending the maturity date.



Direct installment	0.1		—		Multiple modifications were made with no material financial effect.
Residential mortgages	0.1		—		Multiple modifications were made with no material financial effect.

Consumer lines of credit	0.6		0.05		Primarily changed to a payment schedule with a fixed rate reduction of 508 basis points.
Total	9.1
Total Outstanding Modified	$	59.2

We closely monitor the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of our modification efforts. The following table depicts the performance of loans that have been modified in the last 12 months:

TABLE 5.10


Payment status - amortization cost basis:
(in millions)	Current		30-89 Days Past Due		90+ Days Past Due
December 31, 2025
Commercial real estate	$	3.6	$	—	$	0.2
Commercial and industrial	1.4		0.5		—


Total commercial loans and leases	5.0		0.5		0.2
Direct installment	1.9		0.6		0.2
Residential mortgages	5.2		3.0		1.0

Consumer lines of credit	0.6		0.1		—
Total consumer loans	7.7		3.7		1.2
Total	$	12.7	$	4.2	$	1.4

(in millions)	Current		30-89 Days Past Due		90+ Days Past Due
December 31, 2024
Commercial real estate	$	20.5	$	—	$	—
Commercial and industrial	20.8		—		—


Total commercial loans and leases	41.3		—		—
Direct installment	1.2		0.3		—
Residential mortgages	5.5		1.8		1.5

Consumer lines of credit	1.4		0.3		—
Total consumer loans	8.1		2.4		1.5
Total	$	49.4	$	2.4	$	1.5

Schedule of Financing Receivable, Modified, Subsequent Default

Following is a summary of loans modified in a manner that grants a concession to a borrower experiencing financial difficulties, by class, for which there was a payment default, excluding loans that have been paid off and/or sold. Default occurs when a loan is 90 days or more past due or in non-accrual and is within 12 months of restructuring.

TABLE 5.9


Amortized cost basis of modified financing receivables that subsequently defaulted:
(in millions)	Term Extension		Term Extension and Rate Reduction		Balloon Payment		Other		Total Outstanding Modified
Twelve Months Ended December 31, 2025
Commercial real estate	$	1.1	$	—	$	—	$	2.0	$	3.1
Commercial and industrial	0.9		—		—		1.3		2.2


Total commercial loans and leases	2.0		—		—		3.3		5.3
Direct installment	0.3		—		—		—		0.3
Residential mortgages	1.9		0.6		—		—		2.5


Total consumer loans	2.2		0.6		—		—		2.8
Total	$	4.2	$	0.6	$	—	$	3.3	$	8.1


(in millions)	Term Extension		Term Extension and Rate Reduction		Balloon Payment		Other		Total Outstanding Modified
Twelve Months Ended December 31, 2024
Commercial real estate	$	0.3	$	—	$	0.7	$	5.9	$	6.9
Commercial and industrial	18.4		15.5		—		5.5		39.4


Total commercial loans and leases	18.7		15.5		0.7		11.4		46.3
Direct installment	0.7		—		—		—		0.7
Residential mortgages	4.7		0.4		—		—		5.1


Total consumer loans	5.4		0.4		—		—		5.8
Total	$	24.1	$	15.9	$	0.7	$	11.4	$	52.1


(in millions)	Term Extension		Term Extension and Rate Reduction		Balloon Payment		Other		Total Outstanding Modified
Twelve Months Ended December 31, 2023
Commercial real estate	$	0.4	$	—	$	—	$	5.2	$	5.6
Commercial and industrial	21.5		0.3		—		—		21.8


Total commercial loans and leases	21.9		0.3		—		5.2		27.4
Direct installment	0.1		—		—		—		0.1
Residential mortgages	0.3		0.3		—		—		0.6

Consumer lines of credit	0.1		—		—		—		0.1
Total consumer loans	0.5		0.3		—		—		0.8
Total	$	22.4	$	0.6	$	—	$	5.2	$	28.2