Loans and Allowance for Credit Losses

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

LOANS AND ALLOWANCE FOR CREDIT LOSSES

LOANS AND ALLOWANCE FOR CREDIT LOSSES

Loans and Loans Held for Sale

Loans are presented net of unearned income. Unearned income consisted of net deferred loan fees and costs of $4.3 million at December 31, 2024 and $6.6 million at December 31, 2023 and a discount related to purchase accounting fair value adjustments of $2.5 million at December 31, 2024 and $3.1 million at December 31, 2023.

The following table summarizes the composition of originated and acquired loans as of the dates presented:

(dollars in thousands)	December 31, 2024		December 31, 2023
Commercial real estate	$	2,708,531	$	2,659,135
Commercial and industrial	1,351,637		1,436,183
Commercial construction	341,266		350,583
Business banking	1,303,258		1,360,765
Consumer real estate	1,933,509		1,731,778
Other consumer	104,757		114,897
Total Portfolio Loans	$	7,742,958	$	7,653,341
Loans held for sale	—		153
Total Loans(1)	$	7,742,958	$	7,653,494

(1) Excludes interest receivable of $32.7 million at December 31, 2024 and $35.3 million at December 31, 2023. Interest receivable is included in other assets in the Consolidated Balance Sheets.

Modifications to Borrowers Experiencing Financial Difficulty

The following tables present the amortized cost of loans to borrowers experiencing financial difficulty by portfolio segment and type of modification during the periods presented:

	Twelve Months Ended December 31, 2024
(dollars in thousands)	Term Extension		Payment Delays (Other Than Insignificant)		Term Extension and Payment Delays		Total		% of Portfolio Segment
Commercial real estate	$	3,004	$	—	$	685	$	3,689	0.14	%
Commercial and industrial	9,437		12,264		—		21,701		1.61	%
Consumer real estate	493		—		—		493		0.03	%
Total(1)	$	12,934	$	12,264	$	685	$	25,883	0.33	%
	Twelve Months Ended December 31, 2023
(dollars in thousands)	Term Extension		Payment Delays (Other Than Insignificant)		Term Extension and Interest Rate Reduction		Total		% of Portfolio Segment
Commercial real estate	$	13,836	$	—	$	—	$	13,836	0.52	%
Commercial and industrial	16,877		—		—		16,877		1.18	%
Business banking	120		—		—		120		0.01	%
Consumer real estate	61		—		189		250		0.01	%
Total(1)	$	30,894	$	—	$	189	$	31,083	0.41	%

The following tables describe the effect of loan modifications made to borrowers experiencing financial difficulty during the periods presented:

	Twelve Months Ended December 31, 2024
	Weighted-Average Term Extension (in months)	Weighted-Average Payment Delays (in months)	Weighted-Average Term Extension (in months) and Payment Delays
Commercial real estate	1	—	22
Commercial and industrial	10	6	—
Consumer real estate	101	—	—

	Twelve Months Ended December 31, 2023
	Weighted-Average Term Extension (in months)		Weighted-Average Interest Rate Reduction
Commercial real estate		4		—
Commercial and industrial		5		—
Business banking		19		—
Consumer real estate		168		2%

We closely monitor the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of the modification efforts.

The following tables present the aging analysis of modifications in the last 12 months to borrowers experiencing financial difficulty as of the dates presented:

	December 31, 2024
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total
Commercial real estate	$	3,689	$	—	$	—	$	—	$	3,689
Commercial and industrial	14,226		7,475		—		—		21,701
Consumer real estate	347		—		40		106		493
Total	$	18,262	$	7,475	$	40	$	106	$	25,883

	December 31, 2023
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total
Commercial real estate	$	13,836	$	—	$	—	$	—	$	13,836
Commercial and industrial	16,468		—		—		409		16,877
Business banking	120		—		—		—		120
Consumer real estate	250		—		—		—		250
Total	$	30,674	$	—	$	—	$	409	$	31,083

A payment default is defined as a loan having a payment past due 90 days or more. There was one payment default for $0.1 million during the twelve months ended December 31, 2024 compared to none in the same period in 2023 related to loans that were modified within the 12 months prior to default. Additionally, we had five commitments to lend an additional $0.8 million to borrowers experiencing financial difficulty that had a modification during the twelve months ended December 31, 2024 and three commitments to lend an additional $1.6 million to borrowers experiencing financial difficulty that had a modification during the same period in 2023.

The effect of modifications made to borrowers experiencing financial difficulty is already included in the ACL because of the measurement methodologies used to estimate the ACL, therefore, a change to the ACL is generally not recorded upon modification. If principal forgiveness is provided, that portion of the loan will be charged-off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the ACL. An assessment of whether the borrower is experiencing financial difficulty is made on the date of a modification.

The following table is a summary of nonperforming assets as of the dates presented:

	Nonperforming Assets
(dollars in thousands)	December 31, 2024			December 31, 2023
Nonperforming Assets
Nonaccrual Loans		$	27,937		$	22,947
OREO		8			75
Total Nonperforming Assets		$	27,945		$	23,022

The following table presents a summary of the aggregate amount of loans to certain officers and directors of S&T or any affiliates of such persons as of the dates presented:

	December 31,
(dollars in thousands)	2024		2023
Balance at beginning of year	$	4,183	$	4,128
New loans	1,484		936
Repayments or no longer considered a related party	(2,107)		(881)
Balance at End of Year	$	3,560	$	4,183

Allowance for Credit Losses

We maintain an ACL, at a level determined to be adequate to absorb estimated expected credit losses within the loan portfolio over the contractual life of an instrument that considers our historical loss experience, current conditions and forecasts of future economic conditions as of the balance sheet date. We develop and document a systematic ACL methodology based on the following portfolio segments: 1) CRE, 2) C&I, 3) Commercial Construction, 4) Business Banking, 5) Consumer Real Estate and 6) Other Consumer.

The following are key risks within each portfolio segment:

CRE—Loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and health care. Operations of the individual projects and global cash flows of the debtors are the primary sources of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type and the business prospects of the lessee, if the project is not owner-occupied.

C&I—Loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Cash flow from the operations of the company is the primary source of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the industry of the company. Collateral for these types of loans often does not have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt.

Commercial Construction—Loans made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While these loans are generally confined to the construction/development period, if there are problems, the project may not be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer.

Business Banking—Commercial purpose loans made to small businesses that are standard, non-complex products evaluated through a streamlined credit approval process that has been designed to maximize efficiency while maintaining high credit quality standards that meet small business market customers’ needs. The business banking portfolio is monitored by utilizing a standard and closely managed process focusing on behavioral and performance criteria. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type and business.

Consumer Real Estate—Loans secured by first and second liens such as 1-4 family residential mortgages, home equity loans and home equity lines of credit. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the local housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt.

Other Consumer—Loans made to individuals that may be secured by assets other than 1-4 family residences, as well as unsecured loans. This segment includes auto loans, unsecured loans and lines of credit. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The value of the collateral, if there is any, is less likely to be a source of repayment due to less certain collateral values.

Management monitors various credit quality indicators for the commercial, business banking and consumer loan portfolios, including changes in risk ratings, nonperforming status and delinquency on a monthly basis.

We monitor the commercial and business banking loan portfolio through an internal risk rating system. Loan risk ratings are assigned based upon the creditworthiness of the borrower and are reviewed on an ongoing basis according to our internal policies. Loans within the pass rating generally have a lower risk of loss than loans risk rated as special mention or substandard.

Our risk ratings are consistent with regulatory guidance and are as follows:

Pass—The loan is currently performing and is of high quality.

Special Mention—A special mention loan has potential weaknesses that warrant management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects or in the strength of our credit position at some future date.

Substandard—A substandard loan is not adequately protected by the net worth and/or paying capacity of the borrower or by the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.

Doubtful—Loans classified doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable.

The following tables present loan balances by year of origination and internally assigned risk rating for our portfolio segments as of the dates presented:

	December 31, 2024
	Risk Rating
(dollars in thousands)	2024		2023		2022		2021		2020		2019 and Prior		Revolving		Revolving-Term		Total
Commercial Real Estate
Pass	$	278,187	$	287,081	$	362,174	$	413,781	$	213,384	$	1,040,703	$	35,737	$	—	$	2,631,047
Special mention	—		2,000		370		1,840		—		46,104		254		—		50,568
Substandard	—		—		985		—		1,834		23,683		—		—		26,502
Doubtful	—		—		—		—		414		—		—		—		414
Total Commercial Real Estate	278,187		289,081		363,529		415,621		215,632		1,110,490		35,991		—		2,708,531
Year-to-date Gross Charge-offs	—		—		—		—		—		5,205		—		—		5,205
Commercial and Industrial
Pass	119,580		147,007		194,363		131,877		30,093		175,359		466,640		—		1,264,919
Special mention	—		20		1,221		142		10		14,896		11,033		—		27,322
Substandard	563		1,073		172		20,586		740		7,171		25,355		—		55,660
Doubtful	—		—		—		366		469		—		2,901		—		3,736
Total Commercial and Industrial	120,143		148,100		195,756		152,971		31,312		197,426		505,929		—		1,351,637
Year-to-date Gross Charge-offs	—		78		—		1,235		—		91		1,032		—		2,436
Commercial Construction
Pass	119,355		121,816		57,853		14,911		884		2,139		8,310		—		325,268
Special mention	—		—		15,998		—		—		—		—		—		15,998
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total Commercial Construction	119,355		121,816		73,851		14,911		884		2,139		8,310		—		341,266
Year-to-date Gross Charge-offs	—		—		—		—		—		—		—		—		—
Business Banking
Pass	149,603		230,784		225,318		173,763		76,087		332,707		92,756		597		1,281,615
Special mention	—		—		49		130		147		4,302		35		268		4,931
Substandard	21		2,257		1,287		3,790		409		8,318		190		440		16,712
Doubtful	—		—		—		—		—		—		—		—		—
Total Business Banking	149,624		233,041		226,654		177,683		76,643		345,327		92,981		1,305		1,303,258
Year-to-date Gross Charge-offs	—		79		124		—		56		1,486		—		—		1,745
Consumer Real Estate
Pass	217,250		334,532		324,346		133,155		95,301		223,799		569,386		24,940		1,922,709
Special mention	—		—		—		—		—		99		—		—		99
Substandard	—		1,231		43		192		203		5,564		1,172		2,296		10,701
Doubtful	—		—		—		—		—		—		—		—		—
Total Consumer Real Estate	217,250		335,763		324,389		133,347		95,504		229,462		570,558		27,236		1,933,509
Year-to-date Gross Charge-offs	—		—		—		—		9		37		86		1,216		1,348
Other Consumer
Pass	8,456		6,849		7,349		3,228		1,758		468		71,039		5,425		104,572
Special mention	—		—		—		—				—		—				—
Substandard	—		—		—		21		10		150		—		4		185
Doubtful	—		—		—		—		—		—		—		—		—
Total Other Consumer	8,456		6,849		7,349		3,249		1,768		618		71,039		5,429		104,757
Year-to-date Gross Charge-offs	839		34		164		103		26		18		—		270		1,454
Pass	892,431		1,128,069		1,171,403		870,715		417,507		1,775,175		1,243,868		30,962		7,530,130
Special mention	—		2,020		17,638		2,112		157		65,401		11,322		268		98,918
Substandard	584		4,561		2,487		24,589		3,196		44,886		26,717		2,740		109,760
Doubtful	—		—		—		366		883		—		2,901		—		4,150
Total Loan Balance	$	893,015	$	1,134,650	$	1,191,528	$	897,782	$	421,743	$	1,885,462	$	1,284,808	$	33,970	$	7,742,958
Year-to-date Gross Charge-offs	$	839	$	191	$	288	$	1,338	$	91	$	6,837	$	1,118	$	1,486	$	12,188

	December 31, 2023
	Risk Rating
(dollars in thousands)	2023		2022		2021		2020		2019		2018 and Prior		Revolving		Revolving-Term		Total
Commercial Real Estate
Pass	$	276,677	$	323,463	$	433,308	$	237,901	$	383,799	$	781,465	$	32,418	$	—	$	2,469,031
Special mention	—		1,006		6,000		—		24,887		75,428		—		—		107,321
Substandard	—		—		—		2,355		10,685		69,743		—		—		82,783
Doubtful	—		—		—		—		—		—		—		—		—
Total Commercial Real Estate	276,677		324,469		439,308		240,256		419,371		926,636		32,418		—		2,659,135
Year-to-date Gross Charge-offs	—		—		—		—		—		1,706		—		—		1,706
Commercial and Industrial
Pass	171,672		231,114		185,884		53,101		47,063		183,165		482,490		—		1,354,489
Special mention	189		620		10,242		—		—		8,848		4,126		—		24,025
Substandard	—		244		14,510		1,595		5,795		1,892		33,633		—		57,669
Doubtful	—		—		—		—		—		—		—		—		—
Total Commercial and Industrial	171,861		231,978		210,636		54,696		52,858		193,905		520,249		—		1,436,183
Year-to-date Gross Charge-offs	—		—		—		—		3,412		15,842		—		—		19,254
Commercial Construction
Pass	75,596		154,456		82,313		14,845		151		4,054		14,208		—		345,623
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		4,576		384		—		—		4,960
Doubtful	—		—		—		—		—		—		—		—		—
Total Commercial Construction	75,596		154,456		82,313		14,845		4,727		4,438		14,208		—		350,583
Year-to-date Gross Charge-offs	—		—		—		—		451		—		—		—		451
Business Banking
Pass	270,129		262,535		204,874		87,346		96,371		321,360		96,618		523		1,339,756
Special mention	—		55		251		224		33		3,508		37		172		4,280
Substandard	—		16		2,486		448		3,170		9,898		99		612		16,729
Doubtful	—		—		—		—		—		—		—		—		—
Total Business Banking	270,129		262,606		207,611		88,018		99,574		334,766		96,754		1,307		1,360,765
Year-to-date Gross Charge-offs	—		67		43		1		88		1,073		34		—		1,306
Consumer Real Estate
Pass	311,887		334,879		147,652		101,999		67,402		183,283		551,368		22,206		1,720,676
Special mention	—		—		—		—		—		189		—		—		189
Substandard	—		583		198		42		488		6,322		712		2,568		10,913
Doubtful	—		—		—		—		—		—		—		—		—
Total Consumer Real Estate	311,887		335,462		147,850		102,041		67,890		189,794		552,080		24,774		1,731,778
Year-to-date Gross Charge-offs	—		1		—		5		1		43		75		296		421
Other Consumer
Pass	11,286		11,965		6,483		3,842		1,062		526		76,426		3,109		114,699
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		24		5		20		146		—		3		198
Doubtful	—		—		—		—		—		—		—		—		—
Total Other Consumer	11,286		11,965		6,507		3,847		1,082		672		76,426		3,112		114,897
Year-to-date Gross Charge-offs	830		146		175		19		37		5		—		288		1,500
Pass	1,117,247		1,318,412		1,060,514		499,034		595,848		1,473,853		1,253,528		25,838		7,344,274
Special Mention	189		1,681		16,493		224		24,920		87,973		4,163		172		135,815
Substandard	—		843		17,218		4,445		24,734		88,385		34,444		3,183		173,252
Doubtful	—		—		—		—		—		—		—		—		—
Total Loan Balance	$	1,117,436	$	1,320,936	$	1,094,225	$	503,703	$	645,502	$	1,650,211	$	1,292,135	$	29,193	$	7,653,341
Year-to-date Gross Charge-offs	$	830	$	214	$	218	$	25	$	3,989	$	18,669	$	109	$	584	$	24,638

We monitor the delinquent status of the commercial and consumer portfolios on a monthly basis. Loans are considered nonaccrual when interest and principal are 90 days or more past due or management has determined that a material deterioration in the borrower’s financial condition exists. The risk of loss is generally highest for nonaccrual loans.

The following tables present loan balances by year of origination and accrual and nonaccrual status for our portfolio segments as of the dates presented:

	December 31, 2024
(dollars in thousands)	2024		2023		2022		2021		2020		2019 and Prior		Revolving		Revolving-Term		Total
Commercial Real Estate
Accrual	$	278,187	$	289,081	$	362,544	$	415,621	$	214,589	$	1,109,290	$	35,991	$	—	$	2,705,303
Nonaccrual	—		—		985		—		1,043		1,200		—		—		3,228
Total Commercial Real Estate	278,187		289,081		363,529		415,621		215,632		1,110,490		35,991		—		2,708,531
Commercial and Industrial
Accrual	120,143		148,070		195,584		151,976		30,103		197,426		497,162		—		1,340,464
Nonaccrual	—		30		172		995		1,209		—		8,767		—		11,173
Total Commercial and Industrial	120,143		148,100		195,756		152,971		31,312		197,426		505,929		—		1,351,637
Commercial Construction
Accrual	119,355		121,816		73,851		14,911		884		2,139		8,310		—		341,266
Nonaccrual	—		—		—		—		—		—		—		—		—
Total Commercial Construction	119,355		121,816		73,851		14,911		884		2,139		8,310		—		341,266
Business Banking
Accrual	149,624		232,649		226,654		177,683		76,344		343,064		92,981		1,271		1,300,270
Nonaccrual	—		392		—		—		299		2,263		—		34		2,988
Total Business Banking	149,624		233,041		226,654		177,683		76,643		345,327		92,981		1,305		1,303,258
Consumer Real Estate
Accrual	217,250		333,279		324,389		133,224		94,971		225,225		569,423		25,430		1,923,191
Nonaccrual	—		2,484		—		123		533		4,237		1,135		1,806		10,318
Total Consumer Real Estate	217,250		335,763		324,389		133,347		95,504		229,462		570,558		27,236		1,933,509
Other Consumer
Accrual	8,456		6,849		7,349		3,246		1,683		476		71,039		5,429		104,527
Nonaccrual	—		—		—		3		85		142		—		—		230
Total Other Consumer	8,456		6,849		7,349		3,249		1,768		618		71,039		5,429		104,757
Accrual	893,015		1,131,744		1,190,371		896,661		418,574		1,877,620		1,274,906		32,130		7,715,021
Nonaccrual	—		2,906		1,157		1,121		3,169		7,842		9,902		1,840		27,937
Total Loan Balance	$	893,015	$	1,134,650	$	1,191,528	$	897,782	$	421,743	$	1,885,462	$	1,284,808	$	33,970	$	7,742,958

	December 31, 2023
(dollars in thousands)	2023		2022		2021		2020		2019		2018 and Prior		Revolving		Revolving-Term		Total
Commercial Real Estate
Accrual	$	276,677	$	324,469	$	439,308	$	240,256	$	419,371	$	920,316	$	32,418	$	—	$	2,652,815
Nonaccrual	—		—		—		—		—		6,320		—		—		6,320
Total Commercial Real Estate	276,677		324,469		439,308		240,256		419,371		926,636		32,418		—		2,659,135
Commercial and Industrial
Accrual	171,861		231,978		210,636		54,696		52,858		193,257		520,019		—		1,435,305
Nonaccrual	—		—		—		—		—		648		230		—		878
Total Commercial and Industrial	171,861		231,978		210,636		54,696		52,858		193,905		520,249		—		1,436,183
Commercial Construction
Accrual	75,596		154,456		82,313		14,845		151		4,054		14,208		—		345,623
Nonaccrual	—		—		—		—		4,576		384		—		—		4,960
Total Commercial Construction	75,596		154,456		82,313		14,845		4,727		4,438		14,208		—		350,583
Business Banking
Accrual	270,129		262,606		207,611		87,979		99,354		330,902		96,754		1,283		1,356,618
Nonaccrual	—		—		—		39		220		3,864		—		24		4,147
Total Business Banking	270,129		262,606		207,611		88,018		99,574		334,766		96,754		1,307		1,360,765
Consumer Real Estate
Accrual	311,887		335,086		147,689		101,518		67,577		186,909		551,858		22,942		1,725,466
Nonaccrual	—		376		161		523		313		2,885		222		1,832		6,312
Total Consumer Real Estate	311,887		335,462		147,850		102,041		67,890		189,794		552,080		24,774		1,731,778
Other Consumer
Accrual	11,286		11,965		6,499		3,656		1,082		541		76,426		3,112		114,567
Nonaccrual	—		—		8		191		—		131		—		—		330
Total Other Consumer	11,286		11,965		6,507		3,847		1,082		672		76,426		3,112		114,897
Accrual	1,117,436		1,320,560		1,094,056		502,950		640,393		1,635,979		1,291,683		27,337		7,630,394
Nonaccrual	—		376		169		753		5,109		14,232		452		1,856		22,947
Total Loan Balance	$	1,117,436	$	1,320,936	$	1,094,225	$	503,703	$	645,502	$	1,650,211	$	1,292,135	$	29,193	$	7,653,341

The following tables present the age analysis of past due loans segregated by class of loans as of the dates presented:

	December 31, 2024
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		Nonaccrual		Total Past Due Loans		Total Loans
Commercial real estate	$	2,705,303	$	—	$	—	$	3,228	$	3,228	$	2,708,531
Commercial and industrial	1,338,053		415		1,996		11,173		13,584		1,351,637
Commercial construction	340,230		—		1,036		—		1,036		341,266
Business banking	1,297,651		2,336		283		2,988		5,607		1,303,258
Consumer real estate	1,918,150		2,464		2,577		10,318		15,359		1,933,509
Other consumer	104,156		216		155		230		601		104,757
Total	$	7,703,543	$	5,431	$	6,047	$	27,937	$	39,415	$	7,742,958

	December 31, 2023
(dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		Nonaccrual		Total Past Due Loans		Total Loans
Commercial real estate	$	2,649,412	$	—	$	3,403	$	6,320	$	9,723	$	2,659,135
Commercial and industrial	1,435,301		4		—		878		882		1,436,183
Commercial construction	345,623		—		—		4,960		4,960		350,583
Business banking	1,351,048		3,525		2,045		4,147		9,717		1,360,765
Consumer real estate	1,719,751		3,352		2,363		6,312		12,027		1,731,778
Other consumer	114,138		366		63		330		759		114,897
Total	$	7,615,273	$	7,247	$	7,874	$	22,947	$	38,068	$	7,653,341

The following tables present loans on nonaccrual status by class of loan for the year-to-date periods presented:

	December 31, 2024
(dollars in thousands)	Beginning of Period Nonaccrual		End of Period Nonaccrual		Nonaccrual With No Related Allowance		Interest Income Recognized on Nonaccrual(1)
Commercial real estate	$	6,320	$	3,228	$	984	$	116
Commercial and industrial	878		11,173		311		85
Commercial construction	4,960		—		—		700
Business banking	4,147		2,988		—		93
Consumer real estate	6,312		10,318		—		392
Other consumer	330		230		—		3
Total	$	22,947	$	27,937	$	1,295	$	1,389

(1) Represents only cash payments received and applied to interest on nonaccrual loans.

	December 31, 2023
(dollars in thousands)	Beginning of Period Nonaccrual		End of Period Nonaccrual		Nonaccrual With No Related Allowance		Interest Income Recognized on Nonaccrual(1)
Commercial real estate	$	7,100	$	6,320	$	5,940	$	46
Commercial and industrial	283		878		—		38
Commercial construction	384		4,960		4,576		—
Business banking	4,490		4,147		—		209
Consumer real estate	6,526		6,312		—		308
Other consumer	269		330		—		2
Total	$	19,052	$	22,947	$	10,516	$	603

(1) Represents only cash payments received and applied to interest on nonaccrual loans.

The following tables present collateral-dependent loans as of the dates presented:

	December 31, 2024
	Type of Collateral
(dollars in thousands)	Real Estate		Business Assets
Commercial real estate	$	2,028	$	—
Commercial and industrial	—		9,937
Total	$	2,028	$	9,937

	December 31, 2023
	Type of Collateral
(dollars in thousands)	Real Estate		Business Assets
Commercial real estate	$	5,940	$	—
Commercial construction	4,576		—
Total	$	10,516	$	—

	Twelve Months Ended December 31, 2024
(dollars in thousands)	Commercial Real Estate		Commercial and Industrial		Commercial Construction		Business Banking		Consumer Real Estate		Other Consumer		Total Loans
Allowance for credit losses on loans:
Balance at beginning of period	$	37,886	$	34,538	$	5,382	$	12,858	$	14,663	$	2,639	$	107,966
Provision for credit losses on loans(1)	(4,295)		3,939		(489)		(627)		2,184		1,097		1,809
Charge-offs	(5,205)		(2,436)		—		(1,745)		(1,348)		(1,454)		(12,188)
Recoveries	1,868		1,043		—		195		277		524		3,907
Net (Charge-offs)/ Recoveries	(3,337)		(1,393)		—		(1,550)		(1,071)		(930)		(8,281)
Balance at End of Period	$	30,254	$	37,084	$	4,893	$	10,681	$	15,776	$	2,806	$	101,494
(1) Excludes the provision for credits losses for unfunded commitments.

	Twelve Months Ended December 31, 2023
(dollars in thousands)	Commercial Real Estate		Commercial and Industrial		Commercial Construction		Business Banking		Consumer Real Estate		Other Consumer		Total Loans
Allowance for credit losses on loans:
Balance at beginning of period	$	41,428	$	25,710	$	6,264	$	12,547	$	12,105	$	3,286	$	101,340
Impact of ASU 2022-02	—		75		215		251		278		(251)		568
Provision for credit losses on loans(1)	(2,803)		18,366		(648)		1,088		2,493		744		19,240
Charge-offs	(1,706)		(19,254)		(451)		(1,306)		(421)		(1,500)		(24,638)
Recoveries	967		9,641		2		278		208		360		11,456
Net (Charge-offs)/ Recoveries	(739)		(9,613)		(449)		(1,028)		(213)		(1,140)		(13,182)
Balance at End of Period	$	37,886	$	34,538	$	5,382	$	12,858	$	14,663	$	2,639	$	107,966
(1) Excludes the provision for credits losses for unfunded commitments.