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LOANS AND LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Financial Receivable Credit Quality Indicators
The following table sets forth the Company's loan portfolio at March 31, 2024 by risk attribute and origination date as well as current period gross chargeoffs:
(Dollars in thousands)20242023202220212020PriorTerm TotalRevolvingTotal
Commercial & industrial
Pass$851,420 $813,714 $381,849 $250,566 $310,397 $97,382 $2,705,328 $763,541 $3,468,869 
Special mention1,428 11,177 810 774 16,139 0 30,328 10,193 40,521 
Substandard3,212 23,504 15,243 405 11,339 190 53,893 28,145 82,038 
Doubtful0 0 0 0 0 0 0 0 0 
Total$856,060 $848,395 $397,902 $251,745 $337,875 $97,572 $2,789,549 $801,879 $3,591,428 
YTD Gross chargeoffs$0 $169 $1,046 $82 $65 $1,333 $2,695 $0 $2,695 
Lease financing
Pass$296,467 $126,286 $15,991 $8,620 $3,903 $25,658 $476,925 $0 $476,925 
Special mention4,5157,628000012,143012,143
Substandard1707648702,77303,79403,794
Total$301,152 $134,678 $16,078 $8,620 $6,676 $25,658 $492,862 $0 $492,862 
YTD Gross chargeoffs$0 $0 $0 $3 $0 $0 $3 $0 $3 
Construction real estate
Pass$207,191 $262,016 $116,097 $1,041 $6,128 $19,089 $611,562 $1,071 $612,633 
Special mention0 0 0 16,588 12,375 0 28,963 0 28,963 
Substandard0 0 0 0 0 0 0 0 0 
Total$207,191 $262,016 $116,097 $17,629 $18,503 $19,089 $640,525 $1,071 $641,596 
YTD Gross chargeoffs$0 $0 $0 $0 $0 $0 $0 $0 $0 
Commercial real estate - investor
Pass$475,608 $593,740 $457,647 $258,943 $1,125,418 $152,336 $3,063,692 $30,139 $3,093,831 
Special mention0 10,600 9,091 280 50,407 0 70,378 0 70,378 
Substandard0 0 0 5,325 30,618 0 35,943 0 35,943 
Doubtful0 0 0 0 0 0 0 0 0 
(Dollars in thousands)20242023202220212020PriorTerm TotalRevolvingTotal
Total$475,608 $604,340 $466,738 $264,548 $1,206,443 $152,336 $3,170,013 $30,139 $3,200,152 
YTD Gross chargeoffs$0 $0 $0 $0 $788 $4,531 $5,319 $0 $5,319 
Commercial real estate - owner
Pass$138,580 $173,395 $122,326 $138,745 $280,584 $33,987 $887,617 $20,585 $908,202 
Special mention0 0 3,407 85 15,257 0 18,749 0 18,749 
Substandard0 0 5,947 2,102 10,817 0 18,866 0 18,866 
Total$138,580 $173,395 $131,680 $140,932 $306,658 $33,987 $925,232 $20,585 $945,817 
YTD Gross chargeoffs$0 $0 $0 $0 $0 $0 $0 $0 $0 
Residential real estate
Performing$347,008 $220,697 $251,735 $185,921 $301,620 $21,728 $1,328,709 $0 $1,328,709 
Nonperforming237 570 3,078 3,541 8,542 0 15,968 0 15,968 
Total$347,245 $221,267 $254,813 $189,462 $310,162 $21,728 $1,344,677 $0 $1,344,677 
YTD Gross chargeoffs$0 $0 $25 $16 $0 $24 $65 $0 $65 
Home equity
Performing$28,006 $22,443 $28,145 $31,994 $29,944 $6,706 $147,238 $619,832 $767,070 
Nonperforming20 87 365 27 362 0 861 5,880 6,741 
Total$28,026 $22,530 $28,510 $32,021 $30,306 $6,706 $148,099 $625,712 $773,811 
YTD Gross chargeoffs$0 $25 $0 $0 $0 $0 $25 $0 $25 
Installment
Performing$13,676 $34,337 $19,054 $3,315 $4,887 $3,779 $79,048 $72,290 $151,338 
Nonperforming129 1,220 470 23 11 26 1,879 621 2,500 
Total$13,805 $35,557 $19,524 $3,338 $4,898 $3,805 $80,927 $72,911 $153,838 
YTD Gross chargeoffs$0 $281 $1,261 $624 $40 $30 $2,236 $0 $2,236 
Credit cards
Performing$0 $0 $0 $0 $0 $0 $0 $60,737 $60,737 
Nonperforming0 0 0 0 0 0 0 202 202 
Total$0 $0 $0 $0 $0 $0 $0 $60,939 $60,939 
YTD Gross chargeoffs$0 $0 $0 $0 $0 $0 $0 $794 $794 
Total Loans$2,367,667 $2,302,178 $1,431,342 $908,295 $2,221,521 $360,881 $9,591,884 $1,613,236 $11,205,120 
Total YTD Gross Chargeoffs$0 $475 $2,332 $725 $893 $5,918 $10,343 $794 $11,137 
The following table sets forth the Company's loan portfolio at December 31, 2023 by risk attribute and origination date:
(Dollars in thousands)20232022202120202019PriorTerm TotalRevolvingTotal
Commercial & industrial
Pass$848,448 $736,213 $414,460 $265,143 $113,296 $226,970 $2,604,530 $774,080 $3,378,610 
Special mention0 13,373 4,970 882 19,560 1,328 40,113 8,882 48,995 
Substandard3,133 21,505 11,483 1,205 1,023 9,990 48,339 25,277 73,616 
Total$851,581 $771,091 $430,913 $267,230 $133,879 $238,288 $2,692,982 $808,239 $3,501,221 
YTD Gross chargeoffs$10 $2,978 $7,267 $7,055 $936 $929 $19,175 $0 $19,175 
Lease financing
Pass$261,064 $186,997 $6,404 $1,189 $2,222 $523 $458,399 $0 $458,399 
Special mention4,7618,047000012,808012,808 
Substandard1,4071,96197014503,61003,610
Total$267,232 $197,005 $6,501 $1,189 $2,367 $523 $474,817 $0 $474,817 
YTD Gross chargeoffs$0 $0 $4,423 $0 $0 $0 $4,423 $0 $4,423 
Construction real estate
Pass$170,259 $208,446 $108,886 $27,686 $7,784 $6,165 $529,226 $19,275 $548,501 
Special mention0 0 0 16,331 0 0 16,331 0 16,331 
Substandard0 0 0 0 0 0 0 0 0 
Total$170,259 $208,446 $108,886 $44,017 $7,784 $6,165 $545,557 $19,275 $564,832 
YTD Gross chargeoffs$0 $0 $0 $0 $0 $0 $0 $0 $0 
Commercial real estate - investor
Pass$468,579 $595,423 $473,325 $261,794 $554,893 $636,598 $2,990,612 $39,668 $3,030,280 
Special mention7,894 9,345 12,134 110 32,756 14,204 76,443 0 76,443 
Substandard0 0 0 6,238 0 25,668 31,906 0 31,906 
Total$476,473 $604,768 $485,459 $268,142 $587,649 $676,470 $3,098,961 $39,668 $3,138,629 
YTD Gross chargeoffs$0 $0 $859 $2,030 $0 $3,119 $6,008 $0 $6,008 
Commercial real estate - owner
Pass$138,932 $175,336 $130,240 $138,919 $86,182 $215,458 $885,067 $22,639 $907,706 
Special mention396 45 179 2,403 462 19,807 23,292 0 23,292 
Substandard0 0 3,919 835 1,324 5,234 11,312 0 11,312 
Doubtful0 0 0 0 0 0 0 0 0 
Total$139,328 $175,381 $134,338 $142,157 $87,968 $240,499 $919,671 $22,639 $942,310 
YTD Gross chargeoffs$0 $0 $0 $2,643 $1 $71 $2,715 $0 $2,715 
Residential real estate
Performing$325,304 $234,583 $255,964 $188,212 $101,663 $210,583 $1,316,309 $0 $1,316,309 
Nonperforming243 917 2,584 3,496 2,160 7,965 17,365 0 17,365 
Total$325,547 $235,500 $258,548 $191,708 $103,823 $218,548 $1,333,674 $0 $1,333,674 
YTD Gross chargeoffs$0 $0 $8 $1 $27 $3 $39 $0 $39 
Home equity
Performing$28,979 $23,175 $29,084 $32,917 $9,883 $22,419 $146,457 $606,183 $752,640 
Nonperforming20 69 258 162 138 317 964 5,072 6,036 
Total$28,999 $23,244 $29,342 $33,079 $10,021 $22,736 $147,421 $611,255 $758,676 
YTD Gross chargeoffs$0 $0 $7 $0 $174 $159 $340 $0 $340 
Installment
Performing$16,026 $39,212 $22,961 $3,923 $1,691 $3,768 $87,581 $68,673 $156,254 
Nonperforming196 1,142 742 12 12 30 2,134 690 2,824 
Total$16,222 $40,354 $23,703 $3,935 $1,703 $3,798 $89,715 $69,363 $159,078 
YTD Gross chargeoffs$168 $3,189 $2,903 $154 $5 $23 $6,442 $0 $6,442 
Credit cards
(Dollars in thousands)20232022202120202019PriorTerm TotalRevolvingTotal
Performing$0 $0 $0 $0 $0 $0 $0 $59,438 $59,438 
Nonperforming0 0 0 0 0 0 0 501 501 
Total$0 $0 $0 $0 $0 $0 $0 $59,939 $59,939 
YTD Gross chargeoffs$0 $0 $0 $0 $0 $0 $0 $1,173 $1,173 
Total Loans$2,275,641 $2,255,789 $1,477,690 $951,457 $935,194 $1,407,027 $9,302,798 $1,630,378 $10,933,176 
Total YTD Gross Chargeoffs$178 $6,167 $15,467 $11,883 $1,143 $4,304 $39,142 $1,173 $40,315 
Loan Delinquency, including Nonaccrual Loans
Loan delinquency, including loans classified as nonaccrual, was as follows:
 As of March 31, 2024
(Dollars in thousands)30 – 59
days
past due		60 – 89
days
past due		> 89 days
past due		Total
past
due		CurrentTotal> 89 days
past due
and still
accruing
Loans       
Commercial & industrial$2,048 $1,015 $3,695 $6,758 $3,584,670 $3,591,428 $0 
Lease financing1,041 368 617 2,026 490,836 492,862 617 
Construction real estate0 0 0 0 641,596 641,596 0 
Commercial real estate-investor7 0 17,364 17,371 3,182,781 3,200,152 0 
Commercial real estate-owner1,617 79 5,691 7,387 938,430 945,817 0 
Residential real estate4,169 1,561 2,697 8,427 1,336,250 1,344,677 0 
Home equity2,764 355 2,479 5,598 768,213 773,811 0 
Installment1,009 590 733 2,332 151,506 153,838 0 
Credit card789 272 202 1,263 59,676 60,939 203 
Total$13,444 $4,240 $33,478 $51,162 $11,153,958 $11,205,120 $820 

 As of December 31, 2023
(Dollars in thousands)30 – 59
days
past due		60 – 89
days
past due		> 89 days
past due		Total
past
due		CurrentTotal> 89 days
past due
and still
accruing
Loans       
Commercial & industrial$1,717 $733 $4,822 $7,272 $3,493,949 $3,501,221 $376 
Lease financing790 1,028 4,224 6,042 468,775 474,817 1,151 
Construction real estate0 0 0 0 564,832 564,832 0 
Commercial real estate-investor19 16,455 6,238 22,712 3,115,917 3,138,629 0 
Commercial real estate-owner269 205 5,290 5,764 936,546 942,310 0 
Residential real estate4,786 1,929 3,744 10,459 1,323,215 1,333,674 0 
Home equity1,998 1,082 1,919 4,999 753,677 758,676 0 
Installment1,157 864 669 2,690 156,388 159,078 0 
Credit card320 211 501 1,032 58,907 59,939 501 
Total$11,056 $22,507 $27,407 $60,970 $10,872,206 $10,933,176 $2,028 
Schedule of Amortized Cost Basis and Financial Effect of Loan Modifications to Borrowers Experiencing Financial Difficulty
The following table provides the amortized cost basis, as of the period end date, of FDMs that were granted modifications during the three months ended March 31, 2024 and 2023:
Three months ended March 31, 2024
(Dollars in thousands)Principal forgivenessPayment delayTerm extensionInterest rate reductionCombination: Term extension and interest rate reductionTotalPercent of total class of loans
Commercial & industrial$0 $0 $7,548 $0 $0 $7,548 0.21 %
Residential real estate0 556 0 0 0 556 0.04 %
Home equity0 40 0 0 0 400.01 %
Total$0 $596 $7,548 $0 $0 $8,144 0.07 %

Three months ended March 31, 2023
(Dollars in thousands)Principal forgivenessPayment delayTerm extensionInterest rate reductionCombination: Term extension and interest rate reductionTotalPercent of total class of loans
Residential real estate$0 $725 $106 $0 $58 $889 0.08 %
Home equity0 0 0 0 15 150.00 %
Total$0 $725 $106 $0 $73 $904 0.08 %

The following table provides the financial effect of FDMs granted during the three months ended March 31, 2024 and 2023:
Three months ended March 31, 2024
(Dollars in thousands)Principal forgivenessWeighted average interest rate reductionWeighted average term extension
Commercial & industrial$0 0.00 %0.2 years
Total$0 0.00 %0.2 years
Financing Receivable, Modified, Past Due
The Company closely monitors the performance of FDMs to understand the effectiveness of its modification efforts. The following table provides the performance of loans, as of the period end date, of FDMs granted during the twelve months preceding March 31, 2024.
Twelve months ended March 31, 2024
(Dollars in thousands)Current30 – 59 days past due60 – 89 days past due> 89 days past dueTotal
Commercial & industrial$7,897 $0 $0 $2,266 $10,163 
Residential real estate1,091 163 173 304 1,731 
Home equity130 67 0 21 218 
Total$9,118 $230 $173 $2,591 $12,112 

The following table presents the performance as of March 31, 2023 for FDMs granted since the January 1, 2023 adoption date.
Three months ended March 31, 2023
(Dollars in thousands)Current30 – 59 days past due60 – 89 days past due> 89 days past dueTotal
Residential real estate$889 $0 $0 $0 $889 
Home equity15 0 0 0 15 
Total$904 $0 $0 $0 $904 
Financing Receivable, Nonaccrual
The following table provides information on nonaccrual loans and leases:

March 31, 2024December 31, 2023
(Dollars in thousands)Nonaccrual loans with a related ACLNonaccrual loans with no related ACLTotal nonaccrualNonaccrual loans with a related ACLNonaccrual loans with no related ACLTotal nonaccrual
Nonaccrual loans  
Commercial & industrial$5,506 $9,026 $14,532 $3,329 $12,417 $15,746 
Lease financing2,896 898 3,794 1,505 2,105 3,610 
Construction real estate0 0 0 0 0 0 
Commercial real estate0 23,055 23,055 16,356 11,628 27,984 
Residential real estate0 12,836 12,836 0 14,067 14,067 
Home equity0 4,036 4,036 0 3,476 3,476 
Installment0 984 984 0 870 870 
Total nonaccrual loans$8,402 $50,835 $59,237 $21,190 $44,563 $65,753 
Schedule of Collateral Dependent Loans The following table presents the amortized cost basis of collateral dependent loans by class of loan.
March 31, 2024
Type of Collateral
(Dollar in thousands)Business
assets		Commercial real estateEquipmentLandResidential real estateOtherTotal
Class of loan
Commercial & industrial$10,939 $0 $3,249 $0 $0 $344 $14,532 
Lease financing00 3,794 0 0 0 3,794 
Commercial real estate-investor017,365 0 0 0 0 17,365 
Commercial real estate-owner03,797 1,893 0 0 0 5,690 
Residential real estate00 0 0 12,836 0 12,836 
Home equity00004,036 0 4,036 
Installment00000 984 984 
Total$10,939 $21,162 $8,936 $0 $16,872 $1,328 $59,237 
December 31, 2023
Type of Collateral
(Dollar in thousands)Business
assets		Commercial real estateEquipmentLandResidential real estateOtherTotal
Class of loan
Commercial & industrial$10,952 $0 $3,869 $0 $0 $925 $15,746 
Lease financing00 3,610 0 0 0 3,610 
Commercial real estate-investor022,694 0 0 0 0 22,694 
Commercial real estate-owner03,397 1,893 0 0 0 5,290 
Residential real estate00 0 0 14,067 0 14,067 
Home equity00003,476 0 3,476 
Installment00000 870 870 
Total$10,952 $26,091 $9,372 $0 $17,543 $1,795 $65,753 
Components of lease investments
The components of the Company's net investments in direct financing and sales-type leases, which are included in Lease financing on the Consolidated Balance Sheets are as follows:
(Dollar in thousands)March 31, 2024December 31, 2023
Direct financing leases
Lease receivables$14,898 $16,272 
Unguaranteed residual values11,798 11,402 
Sales-type leases
Lease receivables463,030 444,144 
Unguaranteed residual values3,136 2,999 
Total net investment in direct financing and sales-type leases$492,862 $474,817 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The remaining maturities of lease receivables were as follows:
(Dollars in thousands)Direct financing and Sales-type
Remainder of 2023$111,848 
2024142,499 
2025120,393 
202692,857 
202748,059 
Thereafter34,029 
Total lease payments549,685 
Less: unearned interest income(71,757)
Net lease receivables$477,928 
Changes in Other Real Estate Owned
Changes in OREO were as follows:
Three months ended
 March 31,
(Dollars in thousands)20242023
Balance at beginning of period$106 $191 
Additions
Commercial real estate0 0 
Residential real estate55 0 
Total additions55 0 
Disposals 
Commercial real estate0 0 
Residential real estate0 0 
Total disposals0 0 
Valuation adjustment 
Commercial real estate0 0 
Residential real estate0 0 
Total valuation adjustment0 0 
Balance at end of period$161 $191