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Loans Loans (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The period end loan composition was as follows:


($ in thousands)	Sep 30, 2024		Dec 31, 2023


Commercial and industrial	$	10,258,899	$	9,731,555
Commercial real estate — owner occupied	1,120,849		1,061,700
Commercial and business lending	11,379,748		10,793,255
Commercial real estate — investor	5,070,635		5,124,245
Real estate construction	2,114,300		2,271,398
Commercial real estate lending	7,184,934		7,395,644
Total commercial	18,564,683		18,188,898
Residential mortgage	7,803,083		7,864,891
Auto finance	2,708,946		2,256,162
Home equity	651,379		628,526
Other consumer	262,806		277,740
Total consumer	11,426,214		11,027,319
Total loans	$	29,990,897	$	29,216,218

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents loans by credit quality indicator by origination year at September 30, 2024:


					Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)	Rev Loans Converted to Term(a)		Rev Loans Amortized Cost Basis		YTD 2024		2023		2022		2021		2020		Prior		Total














Commercial and industrial:
Risk rating:
Pass	$	574	$	1,899,076	$	1,655,577	$	1,577,257	$	2,578,620	$	1,225,619	$	307,575	$	623,877	$	9,867,600
Special mention	—		47,171		2,605		13,700		7,814		24,638		636		131		96,696
Substandard	926		57,680		66,904		15,304		30,444		106,210		3,529		163		280,234
Nonaccrual	3,608		112		2,569		1,853		8,835		1,000		—		—		14,369
Commercial and industrial	$	5,107	$	2,004,038	$	1,727,655	$	1,608,114	$	2,625,714	$	1,357,467	$	311,740	$	624,172	$	10,258,899
Commercial real estate - owner occupied:
Risk rating:
Pass	$	—	$	15,435	$	154,476	$	190,452	$	176,083	$	227,232	$	114,950	$	199,980	$	1,078,609
Special mention	—		—		—		—		—		1,439		—		—		1,439
Substandard	—		1,051		3,013		13,451		1,625		4,762		4,813		2,801		31,516
Nonaccrual	—		—		7,784		1,501		—		—		—		—		9,285
Commercial real estate - owner occupied	$	—	$	16,486	$	165,272	$	205,405	$	177,708	$	233,433	$	119,763	$	202,781	$	1,120,849
Commercial and business lending:
Risk rating:
Pass	$	574	$	1,914,511	$	1,810,053	$	1,767,709	$	2,754,703	$	1,452,850	$	422,525	$	823,857	$	10,946,209
Special mention	—		47,171		2,605		13,700		7,814		26,078		636		131		98,135
Substandard	926		58,730		69,916		28,756		32,069		110,972		8,342		2,964		311,750
Nonaccrual	3,608		112		10,353		3,354		8,835		1,000		—		—		23,654
Commercial and business lending	$	5,107	$	2,020,524	$	1,892,928	$	1,813,519	$	2,803,422	$	1,590,900	$	431,503	$	826,952	$	11,379,748
Commercial real estate - investor:
Risk rating:
Pass	$	—	$	126,415	$	892,694	$	878,160	$	1,245,948	$	832,555	$	346,208	$	430,094	$	4,752,074
Special mention	—		—		43,089		6,865		1,453		12,347		4,485		8,664		76,903
Substandard	—		—		63,652		40,111		87,955		18,395		—		12,632		222,745
Nonaccrual	—		—		18,913		—		—		—		—		—		18,913
Commercial real estate - investor	$	—	$	126,415	$	1,018,348	$	925,136	$	1,335,356	$	863,297	$	350,693	$	451,390	$	5,070,635
Real estate construction:
Risk rating:
Pass	$	—	$	28,533	$	153,630	$	437,777	$	1,018,975	$	249,924	$	25,245	$	7,831	$	1,921,914
Special mention	—		—		19,002		—		32,080		—		—		16		51,098
Substandard	—		—		11,158		—		58,690		71,424		—		—		141,273
Nonaccrual	—		—		—		—		—		—		—		15		15
Real estate construction	$	—	$	28,533	$	183,790	$	437,777	$	1,109,745	$	321,348	$	25,245	$	7,862	$	2,114,300
Commercial real estate lending:
Risk rating:
Pass	$	—	$	154,948	$	1,046,323	$	1,315,936	$	2,264,923	$	1,082,478	$	371,453	$	437,925	$	6,673,987
Special mention	—		—		62,091		6,865		33,533		12,347		4,485		8,679		128,001
Substandard	—		—		74,810		40,111		146,645		89,820		—		12,632		364,018
Nonaccrual	—		—		18,913		—		—		—		—		15		18,928
Commercial real estate lending	$	—	$	154,948	$	1,202,138	$	1,362,912	$	2,445,101	$	1,184,645	$	375,938	$	459,252	$	7,184,934
Total commercial:
Risk rating:
Pass	$	574	$	2,069,460	$	2,856,377	$	3,083,645	$	5,019,626	$	2,535,329	$	793,978	$	1,261,782	$	17,620,197
Special mention	—		47,171		64,696		20,565		41,348		38,425		5,121		8,810		226,136
Substandard	926		58,730		144,727		68,867		178,714		200,791		8,342		15,597		675,768
Nonaccrual	3,608		112		29,265		3,354		8,835		1,000		—		15		42,582
Total commercial	$	5,107	$	2,175,473	$	3,095,065	$	3,176,431	$	5,248,523	$	2,775,545	$	807,441	$	1,286,204	$	18,564,683


					Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)	Rev Loans Converted to Term(a)		Rev Loans Amortized Cost Basis		YTD 2024		2023		2022		2021		2020		Prior		Total
Residential mortgage:
Risk rating:
Pass	$	—	$	—	$	105,940	$	476,946	$	1,662,813	$	2,022,819	$	1,334,633	$	2,118,612	$	7,721,764
Special mention	—		—		—		—		38		—		—		115		153
Substandard	—		—		598		10,147		91		—		—		193		11,029
Nonaccrual	—		—		1,841		2,166		11,179		9,672		8,332		36,948		70,138
Residential mortgage	$	—	$	—	$	108,379	$	489,260	$	1,674,120	$	2,032,491	$	1,342,965	$	2,155,869	$	7,803,083
Auto finance:
Risk rating:
Pass	$	—	$	—	$	975,499	$	946,876	$	722,152	$	55,145	$	82	$	138	$	2,699,892
Special mention	—		—		183		519		812		85		—		—		1,598

Nonaccrual	—		—		360		1,915		4,677		503		—		—		7,456
Auto finance	$	—	$	—	$	976,042	$	949,310	$	727,641	$	55,733	$	82	$	138	$	2,708,946
Home equity:
Risk rating:
Pass	$	7,142	$	553,676	$	724	$	1,730	$	26,429	$	5,250	$	1,944	$	52,717	$	642,471
Special mention	234		53		—		—		—		21		83		483		639
Substandard	—		—		—		7		—		—		—		32		38
Nonaccrual	1,105		209		19		114		827		271		194		6,598		8,231
Home equity	$	8,481	$	553,938	$	743	$	1,851	$	27,256	$	5,542	$	2,221	$	59,829	$	651,379
Other consumer:
Risk rating:
Pass	$	71	$	192,905	$	8,779	$	3,964	$	2,081	$	999	$	537	$	51,039	$	260,303
Special mention	—		812		—		17		5		5		—		1		840
Substandard	—		1,593		—		—		—		—		—		—		1,593
Nonaccrual	—		44		—		8		12		4		1		2		70
Other consumer	$	71	$	195,353	$	8,779	$	3,989	$	2,097	$	1,007	$	538	$	51,042	$	262,806
Total consumer:
Risk rating:
Pass	$	7,213	$	746,580	$	1,090,942	$	1,429,516	$	2,413,475	$	2,084,213	$	1,337,197	$	2,222,505	$	11,324,429
Special mention	234		865		183		536		854		111		83		599		3,231
Substandard	—		1,593		598		10,154		91		—		—		225		12,660
Nonaccrual	1,105		253		2,220		4,203		16,694		10,450		8,526		43,548		85,894
Total consumer	$	8,552	$	749,291	$	1,093,943	$	1,444,409	$	2,431,114	$	2,094,773	$	1,345,806	$	2,266,877	$	11,426,214
Total loans:
Risk rating:
Pass	$	7,786	$	2,816,040	$	3,947,319	$	4,513,161	$	7,433,101	$	4,619,542	$	2,131,175	$	3,484,288	$	28,944,626
Special mention	234		48,036		64,879		21,101		42,202		38,536		5,204		9,409		229,367
Substandard	926		60,323		145,325		79,020		178,805		200,791		8,342		15,821		688,428
Nonaccrual	4,713		365		31,486		7,557		25,529		11,450		8,526		43,563		128,476
Total loans	$	13,659	$	2,924,763	$	4,189,009	$	4,620,840	$	7,679,638	$	4,870,319	$	2,153,247	$	3,553,082	$	29,990,897

(a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination.

The following table presents loans by credit quality indicator by origination year at December 31, 2023:


					Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)	Rev Loans Converted to Term(a)		Rev Loans Amortized Cost Basis		2023		2022		2021		2020		2019		Prior		Total







Commercial and industrial:
Risk rating:
Pass	$	1,380	$	1,693,249	$	1,736,617	$	2,877,173	$	1,824,362	$	398,046	$	383,695	$	449,006	$	9,362,149
Special mention	—		21,779		4,017		46,610		8,525		3,529		—		25,341		109,801
Substandard	804		81,924		10,515		39,748		47,279		17,732		94		291		197,582
Nonaccrual	6,414		—		13,317		14,188		33,891		627		—		—		62,022
Commercial and industrial	$	8,598	$	1,796,951	$	1,764,466	$	2,977,719	$	1,914,057	$	419,934	$	383,789	$	474,638	$	9,731,555
Commercial real estate - owner occupied:
Risk rating:
Pass	$	—	$	15,393	$	204,039	$	188,003	$	239,218	$	136,535	$	135,730	$	92,339	$	1,011,259
Special mention	—		271		—		—		6,150		2,635		—		1,293		10,349
Substandard	—		292		14,735		2,791		6,416		8,537		3,086		2,841		38,699
Nonaccrual	—		—		1,394		—		—		—		—		—		1,394
Commercial real estate - owner occupied	$	—	$	15,957	$	220,168	$	190,794	$	251,783	$	147,708	$	138,816	$	96,473	$	1,061,700
Commercial and business lending:
Risk rating:
Pass	$	1,380	$	1,708,642	$	1,940,657	$	3,065,177	$	2,063,580	$	534,581	$	519,426	$	541,345	$	10,373,408
Special mention	—		22,050		4,017		46,610		14,675		6,164		—		26,634		120,150
Substandard	804		82,216		25,250		42,539		53,695		26,269		3,180		3,132		236,281
Nonaccrual	6,414		—		14,710		14,188		33,891		627		—		—		63,416
Commercial and business lending	$	8,598	$	1,812,909	$	1,984,635	$	3,168,514	$	2,165,840	$	567,642	$	522,606	$	571,111	$	10,793,255
Commercial real estate - investor:
Risk rating:
Pass	$	—	$	155,109	$	1,263,866	$	1,247,434	$	1,080,425	$	471,371	$	358,996	$	239,230	$	4,816,433
Special mention	—		502		4,248		25,474		26,208		—		29,772		6,014		92,218
Substandard	—		—		106,002		69,584		15,000		983		—		24,025		215,595

Commercial real estate - investor	$	—	$	155,611	$	1,374,116	$	1,342,492	$	1,121,633	$	472,355	$	388,768	$	269,269	$	5,124,245
Real estate construction:
Risk rating:
Pass	$	—	$	23,307	$	422,277	$	1,176,608	$	547,825	$	87,680	$	5,740	$	7,954	$	2,271,392


Nonaccrual	—		—		—		—		—		—		—		6		6
Real estate construction	$	—	$	23,307	$	422,277	$	1,176,608	$	547,825	$	87,680	$	5,740	$	7,960	$	2,271,398
Commercial real estate lending:
Risk rating:
Pass	$	—	$	178,416	$	1,686,143	$	2,424,042	$	1,628,250	$	559,052	$	364,737	$	247,184	$	7,087,824
Special mention	—		502		4,248		25,474		26,208		—		29,772		6,014		92,218
Substandard	—		—		106,002		69,584		15,000		983		—		24,025		215,595
Nonaccrual	—		—		—		—		—		—		—		6		6
Commercial real estate lending	$	—	$	178,918	$	1,796,393	$	2,519,100	$	1,669,458	$	560,035	$	394,508	$	277,230	$	7,395,644


					Term Loans Amortized Cost Basis by Origination Year(a)
($ in thousands)	Rev Loans Converted to Term(a)		Rev Loans Amortized Cost Basis		2023		2022		2021		2020		2019		Prior		Total
Total commercial:
Risk rating:
Pass	$	1,380	$	1,887,058	$	3,626,800	$	5,489,219	$	3,691,830	$	1,093,633	$	884,162	$	788,529	$	17,461,232
Special mention	—		22,552		8,265		72,084		40,882		6,164		29,772		32,648		212,368
Substandard	804		82,216		131,253		112,123		68,695		27,253		3,180		27,157		451,876
Nonaccrual	6,414		—		14,710		14,188		33,891		627		—		6		63,422
Total commercial	$	8,598	$	1,991,827	$	3,781,028	$	5,687,614	$	3,835,298	$	1,127,677	$	917,114	$	848,341	$	18,188,898
Residential mortgage:
Risk rating:
Pass	$	—	$	—	$	352,321	$	1,617,409	$	2,110,577	$	1,414,186	$	647,778	$	1,650,542	$	7,792,813
Special mention	—		—		—		—		—		—		95		57		152
Substandard	—		—		490		93		—		—		174		26		784
Nonaccrual	—		—		1,425		9,567		9,259		10,397		6,628		33,865		71,142
Residential mortgage	$	—	$	—	$	354,236	$	1,627,070	$	2,119,836	$	1,424,583	$	654,675	$	1,684,490	$	7,864,891
Auto finance:
Risk rating:
Pass	$	—	$	—	$	1,218,820	$	952,839	$	75,209	$	163	$	456	$	132	$	2,247,618
Special mention	—		—		619		1,850		205		—		—		—		2,674
Substandard	—		—		—		73		—		—		—		—		73
Nonaccrual	—		—		1,032		4,332		430		—		3		—		5,797
Auto finance	$	—	$	—	$	1,220,471	$	959,094	$	75,844	$	163	$	458	$	132	$	2,256,162
Home equity:
Risk rating:
Pass	$	8,703	$	521,000	$	1,678	$	29,863	$	6,084	$	2,327	$	4,891	$	53,350	$	619,192
Special mention	179		200		—		87		—		29		15		378		708
Substandard	10		75		10		—		—		—		33		—		118
Nonaccrual	1,302		160		29		495		132		144		368		7,180		8,508
Home equity	$	10,195	$	521,434	$	1,717	$	30,445	$	6,217	$	2,500	$	5,308	$	60,907	$	628,526
Other consumer:
Risk rating:
Pass	$	121	$	196,632	$	6,419	$	3,732	$	2,658	$	1,127	$	460	$	64,121	$	275,149
Special mention	26		843		9		—		3		20		—		6		881
Substandard	—		1,582		—		—		—		—		—		—		1,582
Nonaccrual	27		71		10		1		6		2		8		29		128
Other consumer	$	174	$	199,129	$	6,438	$	3,733	$	2,668	$	1,149	$	468	$	64,156	$	277,740
Total consumer:
Risk rating:
Pass	$	8,824	$	717,632	$	1,579,238	$	2,603,843	$	2,194,529	$	1,417,802	$	653,584	$	1,768,145	$	10,934,773
Special mention	205		1,043		628		1,936		208		49		110		441		4,416
Substandard	10		1,656		500		166		—		—		207		26		2,556
Nonaccrual	1,330		231		2,496		14,396		9,827		10,544		7,007		41,073		85,574
Total consumer	$	10,369	$	720,563	$	1,582,862	$	2,620,341	$	2,204,564	$	1,428,395	$	660,909	$	1,809,685	$	11,027,319
Total loans:
Risk rating:
Pass	$	10,204	$	2,604,690	$	5,206,038	$	8,093,062	$	5,886,359	$	2,511,435	$	1,537,747	$	2,556,674	$	28,396,005
Special mention	205		23,595		8,893		74,020		41,091		6,213		29,882		33,089		216,784
Substandard	814		83,872		131,753		112,289		68,695		27,253		3,387		27,183		454,432
Nonaccrual	7,744		231		17,206		28,584		43,718		11,170		7,007		41,080		148,997
Total loans	$	18,966	$	2,712,389	$	5,363,890	$	8,307,956	$	6,039,862	$	2,556,071	$	1,578,023	$	2,658,026	$	29,216,218

(a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination.

The following table presents gross charge offs by origination year for the nine months ended September 30, 2024:


			Gross Charge Offs by Origination Year
($ in thousands)	Rev Loans Amortized Cost Basis		2024		2023		2022		2021		2020		Prior		Total
Commercial and industrial	$	3,079	$	128	$	10,595	$	8,162	$	22,929	$	3	$	—	$	44,896
Commercial real estate-owner occupied	—		—		—		—		—		—		3		3
Commercial and business lending	3,079		128		10,595		8,162		22,929		3		3		44,899
Commercial real estate-investor	—		—		1		—		4,569		—		—		4,570
Real estate construction	—		—		—		—		—		—		—		—
Commercial real estate lending	—		—		1		—		4,569		—		—		4,570
Total commercial	3,079		128		10,596		8,162		27,498		3		3		49,469
Residential mortgage	—		—		171		94		42		112		283		703
Auto finance	—		129		2,235		4,393		433		—		—		7,189
Home equity	93		—		—		9		19		10		37		168
Other consumer	4,829		20		50		63		68		41		46		5,116
Total consumer	4,922		149		2,456		4,558		562		163		366		13,176
Total gross charge offs	$	8,001	$	277	$	13,052	$	12,720	$	28,060	$	166	$	369	$	62,645

The following table presents gross charge offs by origination year for the year ended December 31, 2023:


			Gross Charge Offs by Origination Year
($ in thousands)	Rev Loans Amortized Cost Basis		2023		2022		2021		2020		2019		Prior		Total
Commercial and industrial	$	4,130	$	717	$	9,594	$	25,270	$	5,958	$	—	$	18	$	45,687
Commercial real estate-owner occupied	—		—		—		—		—		25		—		25
Commercial and business lending	4,130		717		9,594		25,270		5,958		25		18		45,713
Commercial real estate-investor	—		—		—		—		—		—		252		252
Real estate construction	—		—		—		—		—		—		25		25
Commercial real estate lending	—		—		—		—		—		—		277		277
Total commercial	4,130		717		9,594		25,270		5,958		25		295		45,989
Residential mortgage	—		2		32		42		148		5		723		952
Auto finance	—		795		4,524		626		—		5		—		5,950
Home equity	53		21		3		31		—		22		294		424
Other consumer	4,884		—		72		124		131		72		170		5,453
Total consumer	4,937		818		4,630		823		279		105		1,187		12,779
Total gross charge offs	$	9,068	$	1,535	$	14,224	$	26,093	$	6,237	$	130	$	1,482	$	58,768

Financing Receivable, Past Due [Table Text Block]

The following table presents loans by past due status at September 30, 2024:


	Accruing
($ in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Nonaccrual(a)(b)		Total


Commercial and industrial	$	10,242,844	$	950	$	262	$	474	$	14,369	$	10,258,899
Commercial real estate - owner occupied	1,109,355		2,209		—		—		9,285		1,120,849
Commercial and business lending	11,352,200		3,159		262		474		23,654		11,379,748
Commercial real estate - investor	5,036,091		10,746		—		4,885		18,913		5,070,635
Real estate construction	2,114,197		72		16		—		15		2,114,300
Commercial real estate lending	7,150,288		10,818		16		4,885		18,928		7,184,934
Total commercial	18,502,488		13,977		278		5,359		42,582		18,564,683
Residential mortgage	7,719,316		13,477		153		—		70,138		7,803,083
Auto finance	2,686,032		13,860		1,598		—		7,456		2,708,946
Home equity	640,002		2,507		639		—		8,231		651,379
Other consumer	258,824		1,265		898		1,748		70		262,806
Total consumer	11,304,174		31,109		3,288		1,748		85,894		11,426,214
Total loans	$	29,806,662	$	45,086	$	3,566	$	7,107	$	128,476	$	29,990,897

(a) Of the total nonaccrual loans, $64 million, or 50%, were current with respect to payment at September 30, 2024.

(b) No interest income was recognized on nonaccrual loans for the three and nine months ended September 30, 2024. In addition, there were $16 million of nonaccrual loans for which there was no related ACLL at September 30, 2024.

The following table presents loans by past due status at December 31, 2023:


	Accruing
($ in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Nonaccrual(a)(b)		Total


Commercial and industrial	$	9,663,587	$	5,374	$	191	$	380	$	62,022	$	9,731,555
Commercial real estate - owner occupied	1,059,948		—		358		—		1,394		1,061,700
Commercial and business lending	10,723,536		5,374		549		380		63,416		10,793,255
Commercial real estate - investor	5,086,117		—		18,697		19,432		—		5,124,245
Real estate construction	2,271,392		—		—		—		6		2,271,398
Commercial real estate lending	7,357,509		—		18,697		19,432		6		7,395,644
Total commercial	18,081,044		5,374		19,246		19,812		63,422		18,188,898
Residential mortgage	7,780,304		13,294		152		—		71,142		7,864,891
Auto finance	2,232,906		14,712		2,674		73		5,797		2,256,162
Home equity	615,810		3,500		708		—		8,508		628,526
Other consumer	273,644		1,233		932		1,803		128		277,740
Total consumer	10,902,664		32,739		4,467		1,876		85,574		11,027,319
Total loans	$	28,983,708	$	38,113	$	23,712	$	21,689	$	148,997	$	29,216,218

(a) Of the total nonaccrual loans, $80 million, or 53%, were current with respect to payment at December 31, 2023.

(b) No interest income was recognized on nonaccrual loans for the year ended December 31, 2023. In addition, there were $23 million of nonaccrual loans for which there was no related ACLL at December 31, 2023.

Financing Receivable, Modified [Table Text Block]

The following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted during the three and nine months ended September 30, 2024 and September 30, 2023. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at September 30, 2024.


	Interest Rate Concession
	Amortized Cost
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023
Commercial and industrial	$	179	$	97	$	364	$	234

Auto	29		113		40		169
Home equity	—		—		—		77
Other consumer	622		568		1,425		1,243
Total loans modified	$	830	$	779	$	1,828	$	1,724


	Term Extension
	Amortized Cost
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023

Residential mortgage	$	—	$	—	$	—	$	208
Home equity	—		—		—		26

Total loans modified	$	—	$	—	$	—	$	234


	Combination - Interest Rate Concession and Term Extension
	Amortized Cost
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023

Residential mortgage	$	1,215	$	315	$	1,994	$	830
Home equity	163		97		192		262

Total loans modified	$	1,379	$	412	$	2,186	$	1,092

The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans as of September 30, 2024 and September 30, 2023:


	Interest Rate Concession
	Financial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase(a)
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
Loan Type	2024		2023		2024		2023
Commercial and industrial	(19)	%	(20)	%	(18)	%	(18)	%
Residential mortgage	2	%	1	%	2	%	1	%
Auto	(8)	%	(5)	%	(8)	%	(4)	%
Home equity	(3)	%	—	%	(3)	%	—	%
Other consumer	(21)	%	(21)	%	(21)	%	(21)	%
Weighted average of total loans modified	(7)	%	(12)	%	(8)	%	(10)	%

(a) Due to market conditions, some interest rate concessions on floating rate loans may involve an increase in rate that was lower in comparison to the rate of increase for floating rate loans not modified.

Term Extension

Financial Effect, Weighted Average Term Increase(a)

Three Months Ended Sep 30,

Nine Months Ended Sep 30,

Loan Type

2024

2023

2024

2023

Residential mortgage

105 months

102 months

116 months

66 months

Home equity

64 months

55 months

64 months

93 months

Weighted average of total loans modified

100 months

92 months

111 months

72 months

Financing Receivable, Modified, Past Due [Table Text Block]

The following table depicts the performance of loans that have been modified in the twelve months ended September 30, 2024:


	Payment Status (Amortized Cost Basis)
($ in thousands)	Current		30-89 Days Past Due
Commercial and industrial	$	424	$	—
Residential mortgage	1,462		568
Auto	22		21
Home equity	235		33
Other consumer	1,642		—
Total loans modified	$	3,783	$	622

The following table depicts the performance of loans that have been modified in the nine months ended September 30, 2023:


	Payment Status (Amortized Cost Basis)
($ in thousands)	Current		30-89 Days Past Due		90+ Days Past Due
Commercial and industrial	$	234	$	—	$	—
Residential mortgage	704		126		208
Auto	169		—		—
Home equity	280		—		85
Other consumer	1,243		—		—
Total loans modified	$	2,631	$	126	$	293

Financing Receivable, Modified, Subsequent Default [Table Text Block]

The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous twelve months and subsequently had a payment default during the nine months ended September 30, 2024:


	Amortized Cost of Loan Modifications that Subsequently Defaulted
($ in thousands)	Interest Rate Concession		Term Extension		Combination Interest Rate Reduction and Term Extension

Auto	$	8	$	—	$	—
Home equity	—		—		132
Total loans modified	$	8	$	—	$	132

The following table provides the amortized cost of loan modifications by loan portfolio and type of concession that were modified in the previous nine months and subsequently had a payment default during the nine months ended September 30, 2023:


	Amortized Cost of Loan Modifications that Subsequently Defaulted
($ in thousands)	Interest Rate Concession		Term Extension		Combination Interest Rate Reduction and Term Extension
Residential mortgage	$	—	$	208	$	206
Home equity	—		—		18
Total loans modified	$	—	$	208	$	224

Financing Receivable, Allowance for Credit Loss [Table Text Block]

The following table presents a summary of the changes in the ACLL by portfolio segment for the nine months ended September 30, 2024:


($ in thousands)	Dec 31, 2023		Charge offs		Recoveries		Net Charge offs		Provision for credit losses		Sep 30, 2024		ACLL / Loans
Allowance for loan losses


Commercial and industrial	$	128,263	$	(44,896)	$	1,933	$	(42,963)	$	33,104	$	118,404
Commercial real estate — owner occupied	10,610		(3)		6		4		1,099		11,713
Commercial and business lending	138,873		(44,899)		1,939		(42,959)		34,202		130,116
Commercial real estate — investor	67,858		(4,570)		—		(4,570)		14,776		78,064
Real estate construction	53,554		—		60		60		8,287		61,901
Commercial real estate lending	121,412		(4,570)		60		(4,509)		23,063		139,965
Total commercial	260,285		(49,469)		2,000		(47,469)		57,265		270,081
Residential mortgage	37,808		(703)		192		(510)		(2,366)		34,931
Auto finance	24,961		(7,189)		2,335		(4,855)		7,914		28,020
Home equity	15,403		(168)		1,041		873		(197)		16,079
Other consumer	12,638		(5,116)		748		(4,368)		4,384		12,653
Total consumer	90,809		(13,176)		4,316		(8,860)		9,735		91,684
Total loans	$	351,094	$	(62,645)	$	6,316	$	(56,329)	$	67,000	$	361,765
Allowance for unfunded commitments


Commercial and industrial	$	13,319	$	—	$	—	$	—	$	452	$	13,771
Commercial real estate — owner occupied	149		—		—		—		(62)		87
Commercial and business lending	13,468		—		—		—		390		13,858
Commercial real estate — investor	480		—		—		—		199		679
Real estate construction	17,024		—		—		—		211		17,235
Commercial real estate lending	17,504		—		—		—		410		17,914
Total commercial	30,972		—		—		—		800		31,772


Home equity	2,629		—		—		—		(81)		2,548
Other consumer	1,174		—		—		—		282		1,456
Total consumer	3,803		—		—		—		200		4,004
Total loans	$	34,776	$	—	$	—	$	—	$	1,000	$	35,776
Allowance for credit losses on loans


Commercial and industrial	$	141,582	$	(44,896)	$	1,933	$	(42,963)	$	33,556	$	132,175	1.29	%
Commercial real estate — owner occupied	10,759		(3)		6		4		1,036		11,799		1.05	%
Commercial and business lending	152,341		(44,899)		1,939		(42,959)		34,592		143,974		1.27	%
Commercial real estate — investor	68,338		(4,570)		—		(4,570)		14,975		78,743		1.55	%
Real estate construction	70,578		—		60		60		8,497		79,136		3.74	%
Commercial real estate lending	138,916		(4,570)		60		(4,509)		23,472		157,879		2.20	%
Total commercial	291,257		(49,469)		2,000		(47,469)		58,065		301,853		1.63	%
Residential mortgage	37,808		(703)		192		(510)		(2,366)		34,931		0.45	%
Auto finance	24,961		(7,189)		2,335		(4,855)		7,914		28,020		1.03	%
Home equity	18,032		(168)		1,041		873		(278)		18,627		2.86	%
Other consumer	13,812		(5,116)		748		(4,368)		4,665		14,109		5.37	%
Total consumer	94,613		(13,176)		4,316		(8,860)		9,935		95,688		0.84	%
Total loans	$	385,870	$	(62,645)	$	6,316	$	(56,329)	$	68,000	$	397,541	1.33	%

The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2023:


($ in thousands)	Dec 31, 2022		Charge offs		Recoveries		Net Charge offs		Provision for credit losses		Dec 31, 2023		ACLL / Loans
Allowance for loan losses


Commercial and industrial	$	119,076	$	(45,687)	$	3,015	$	(42,672)	$	51,859	$	128,263
Commercial real estate — owner occupied	9,475		(25)		11		(15)		1,150		10,610
Commercial and business lending	128,551		(45,713)		3,026		(42,687)		53,009		138,873
Commercial real estate — investor	54,398		(252)		3,016		2,763		10,697		67,858
Real estate construction	45,589		(25)		80		55		7,910		53,554
Commercial real estate lending	99,986		(277)		3,095		2,819		18,607		121,412
Total commercial	228,538		(45,989)		6,121		(39,868)		71,616		260,285
Residential mortgage	38,298		(952)		541		(411)		(79)		37,808
Auto finance	19,619		(5,950)		1,241		(4,709)		10,051		24,961
Home equity	14,875		(424)		1,262		837		(310)		15,403
Other consumer	11,390		(5,453)		978		(4,475)		5,723		12,638
Total consumer	84,182		(12,779)		4,021		(8,758)		15,384		90,809
Total loans	$	312,720	$	(58,768)	$	10,142	$	(48,626)	$	87,000	$	351,094
Allowance for unfunded commitments


Commercial and industrial	$	12,997	$	—	$	—	$	—	$	321	$	13,319
Commercial real estate — owner occupied	103		—		—		—		46		149
Commercial and business lending	13,101		—		—		—		367		13,468
Commercial real estate — investor	710		—		—		—		(230)		480
Real estate construction	20,583		—		—		—		(3,558)		17,024
Commercial real estate lending	21,292		—		—		—		(3,788)		17,504
Total commercial	34,393		—		—		—		(3,421)		30,972


Home equity	2,699		—		—		—		(70)		2,629
Other consumer	1,683		—		—		—		(509)		1,174
Total consumer	4,382		—		—		—		(579)		3,803
Total loans	$	38,776	$	—	$	—	$	—	$	(4,000)	$	34,776
Allowance for credit losses on loans


Commercial and industrial	$	132,073	$	(45,687)	$	3,015	$	(42,672)	$	52,181	$	141,582	1.45	%
Commercial real estate — owner occupied	9,579		(25)		11		(15)		1,195		10,759		1.01	%
Commercial and business lending	141,652		(45,713)		3,026		(42,687)		53,376		152,341		1.41	%
Commercial real estate — investor	55,108		(252)		3,016		2,763		10,467		68,338		1.33	%
Real estate construction	66,171		(25)		80		55		4,351		70,578		3.11	%
Commercial real estate lending	121,279		(277)		3,095		2,819		14,819		138,916		1.88	%
Total commercial	262,931		(45,989)		6,121		(39,868)		68,195		291,257		1.60	%
Residential mortgage	38,298		(952)		541		(411)		(79)		37,808		0.48	%
Auto finance	19,619		(5,950)		1,241		(4,709)		10,051		24,961		1.11	%
Home equity	17,574		(424)		1,262		837		(380)		18,032		2.87	%
Other consumer	13,073		(5,453)		978		(4,475)		5,214		13,812		4.97	%
Total consumer	88,565		(12,779)		4,021		(8,758)		14,805		94,613		0.86	%
Total loans	$	351,496	$	(58,768)	$	10,142	$	(48,626)	$	83,000	$	385,870	1.32	%