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Loans
 12 Months Ended
Dec. 31, 2023
Loans [Abstract]  
Loans
5.          Loans

A summary of loans, net of deferred fees and origination costs, by category is as follows:

 
At December 31,
  
(In thousands)
  
2023
    
2022
  
Commercial & industrial
  
$
1,354,248
    
$
1,266,031
  
Commercial real estate
    
3,626,910
      
2,807,941
  
Residential real estate
    
2,125,804
      
1,649,870
  
Indirect auto
    
1,130,132
      
989,587
  
Residential solar
    
917,755
      
856,798
  
Home equity
    
337,214
      
314,124
  
Other consumer
    
158,650
      
265,796
  
Total loans
  
$
9,650,713
    
$
8,150,147
  

Included in the above loans are net deferred loan origination (fees) costs totaling $(98.2) million and $(109.1) million at December 31, 2023 and 2022, respectively. The Company had $0.4 million and $0.6 million of residential real estate loans held for sale as of December 31, 2023 and 2022, respectively. Beginning in 2023, the Company began selling residential solar loans. As of December 31, 2023 the Company had $2.9 million of residential solar loans held for sale.

The total amount of loans serviced by the Company for unrelated third parties was $856.9 million and $592.7 million at December 31, 2023 and 2022, respectively. At December 31, 2023 and 2022, the Company had $1.0 million and $0.6 million, respectively, of mortgage servicing rights.

At December 31, 2023 and 2022, the Company serviced $26.4 million and $31.0 million, respectively, of agricultural loans sold with recourse. Due to sufficient collateral on these loans and government guarantees, no reserve is considered necessary at December 31, 2023 and 2022.

FHLB advances are collateralized by a blanket lien on the Company’s residential real estate mortgages.

In the ordinary course of business, the Company has made loans at prevailing rates and terms to directors, officers and other related parties. Such loans, in management’s opinion, do not present more than the normal risk of collectability or incorporate other unfavorable features. The aggregate amount of loans outstanding to qualifying related parties and changes during the years are summarized as follows:

(In thousands)
  
2023
    
2022
  
Balance at January 1
  
$
2,516
    
$
3,292
  
New loans
    
705
      
576
  
Adjustment due to change in composition of related parties
    
-
   
(37
)
Repayments
    
(2,134
)
    
(1,315
)
Balance at December 31
  
$
1,087
    
$
2,516