CREDIT QUALITY ASSESSMENT

6 Months Ended

Jun. 30, 2024

Credit Loss [Abstract]

CREDIT QUALITY ASSESSMENT

CREDIT QUALITY ASSESSMENT

Allowance for Credit Losses

Summary information on the allowance for credit losses on loans for the period indicated is provided in the following table:

	Six Months Ended June 30,
(In thousands)	2024		2023
Balance at beginning of period	$	120,865	$	136,242
Provision/ (credit) for credit losses - loans (1)	6,292		(14,491)
Loan charge-offs	(1,939)		(2,265)
Loan recoveries	645		801
Net charge-offs	(1,294)		(1,464)
Balance at period end	$	125,863	$	120,287

 (1) Excludes the total credit to the provision on unfunded loan commitments for the six months ended June 30, 2024 and June 30, 2023 of $2.9 million and $2.0 million, respectively.

The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:

(In thousands)	June 30, 2024		December 31, 2023
Collateral dependent loans individually evaluated for credit loss with an allowance	$	69,122	$	72,179
Collateral dependent loans individually evaluated for credit loss without an allowance	19,645		15,989
Total individually evaluated collateral dependent loans	$	88,767	$	88,168
Allowance for credit losses related to loans evaluated individually	$	23,042	$	24,000
Allowance for credit losses related to loans evaluated collectively	102,821		96,865
Total allowance for credit losses - loans	$	125,863	$	120,865

The following tables provide information on the activity in the allowance for credit losses by the respective loan portfolio segment for the period indicated:

	For the Six Months Ended June 30, 2024
	Commercial Real Estate												Residential Real Estate
(Dollars in thousands)	Commercial Investor R/E			Commercial Owner- Occupied R/E			Commercial AD&C			Commercial Business			Residential Mortgage			Residential Construction			Consumer			Total
Balance at beginning of period	$	61,439		$	7,536		$	8,287		$	31,932		$	8,890		$	729		$	2,052		$	120,865
Provision/ (credit) for credit losses - loans	2,454			(713)			3,843			(210)			631			(367)			654			6,292
Charge-offs	(1)			—			—			(1,551)			(50)			—			(337)			(1,939)
Recoveries	6			54			306			29			17			—			233			645
Net (charge-offs)/ recoveries	5			54			306			(1,522)			(33)			—			(104)			(1,294)
Balance at end of period	$	63,898		$	6,877		$	12,436		$	30,200		$	9,488		$	362		$	2,602		$	125,863
Total loans	$	4,933,329		$	1,747,708		$	1,184,296		$	1,601,510		$	1,521,890		$	78,027		$	417,161		$	11,483,921
Allowance for credit losses on loans to total loans ratio	1.30		%	0.39		%	1.05		%	1.89		%	0.62		%	0.46		%	0.62		%	1.10		%
Average loans	$	5,010,870		$	1,740,074		$	1,082,134		$	1,530,067		$	1,505,013		$	98,547		$	417,372		$	11,384,077
Annualized net charge-offs/ (recoveries) to average loans	—		%	(0.01)		%	(0.06)		%	0.20		%	—		%	—		%	0.05		%	0.02		%
Balance of loans individually evaluated for credit loss	$	68,782		$	9,403		$	2,127		$	8,455		$	—		$	—		$	—		$	88,767
Allowance related to loans evaluated individually	$	16,506		$	1,093		$	102		$	5,341		$	—		$	—		$	—		$	23,042
Individual allowance to loans evaluated individually ratio	24.00		%	11.62		%	4.80		%	63.17		%	—		%	—		%	—		%	25.96		%
Contractual balance of individually evaluated loans	$	69,948		$	10,488		$	2,152		$	9,604		$	—		$	—		$	—		$	92,192
Balance of loans collectively evaluated for credit loss	$	4,864,547		$	1,738,305		$	1,182,169		$	1,593,055		$	1,521,890		$	78,027		$	417,161		$	11,395,154
Allowance related to loans evaluated collectively	$	47,392		$	5,784		$	12,334		$	24,859		$	9,488		$	362		$	2,602		$	102,821
Collective allowance to loans evaluated collectively ratio	0.97		%	0.33		%	1.04		%	1.56		%	0.62		%	0.46		%	0.62		%	0.90		%

	For the Year Ended December 31, 2023
	Commercial Real Estate												Residential Real Estate
(Dollars in thousands)	Commercial Investor R/E			Commercial Owner- Occupied R/E			Commercial AD&C			Commercial Business			Residential Mortgage			Residential Construction			Consumer			Total
Balance at beginning of period	$	64,737		$	11,646		$	18,646		$	28,027		$	9,424		$	1,337		$	2,425		$	136,242
Provision for credit losses - loans	(3,323)			(4,215)			(10,359)			4,051			(488)			(608)			1,048			(13,894)
Charge-offs	—			—			—			(449)			(160)			—			(2,005)			(2,614)
Recoveries	25			105			—			303			114			—			584			1,131
Net (charge-offs)/ recoveries	25			105			—			(146)			(46)			—			(1,421)			(1,483)
Balance at end of period	$	61,439		$	7,536		$	8,287		$	31,932		$	8,890		$	729		$	2,052		$	120,865
Total loans	$	5,104,425		$	1,755,235		$	988,967		$	1,504,880		$	1,474,521		$	121,419		$	417,542		$	11,366,989
Allowance for credit losses on loans to total loans ratio	1.20		%	0.43		%	0.84		%	2.12		%	0.60		%	0.60		%	0.49		%	1.06		%
Average loans	$	5,133,279		$	1,766,839		$	1,023,669		$	1,440,382		$	1,380,496		$	187,599		$	421,963		$	11,354,227
Net charge-offs/ (recoveries) to average loans	—		%	(0.01)		%	—		%	0.01		%	—		%	—		%	0.34		%	0.01		%
Balance of loans individually evaluated for credit loss	$	72,218		$	4,640		$	1,259		$	10,051		$	—		$	—		$	—		$	88,168
Allowance related to loans evaluated individually	$	15,353		$	1,159		$	102		$	7,386		$	—		$	—		$	—		$	24,000
Individual allowance to loans evaluated individually ratio	21.26		%	24.98		%	8.10		%	73.49		%	—		%	—		%	—		%	27.22		%
Contractual balance of individually evaluated loans	$	72,712		$	5,623		$	1,270		$	11,500		$	—		$	—		$	—		$	91,105
Balance of loans collectively evaluated for credit loss	$	5,032,207		$	1,750,595		$	987,708		$	1,494,829		$	1,474,521		$	121,419		$	417,542		$	11,278,821
Allowance related to loans evaluated collectively	$	46,086		$	6,377		$	8,185		$	24,546		$	8,890		$	729		$	2,052		$	96,865
Collective allowance to loans evaluated collectively ratio	0.92		%	0.36		%	0.83		%	1.64		%	0.60		%	0.60		%	0.49		%	0.86		%

Credit Quality

The following tables provide information on the credit quality of the loan portfolio for the periods indicated below:

	For the Six Months Ended June 30, 2024
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Analysis of non-accrual loan activity:
Balance at beginning of period	$	58,658	$	4,640	$	1,259	$	10,051	$	12,332	$	443	$	4,102	$	91,485
Loans placed on non-accrual	1,085		5,076		1,571		1,653		1,168		—		975		11,528
Non-accrual balances transferred to OREO	(2,700)		—		—		—		—		—		—		(2,700)
Non-accrual balances charged-off	(1)		—		—		(1,549)		—		—		—		(1,550)
Net payments or draws	(1,544)		(313)		(703)		(1,700)		(701)		96		(579)		(5,444)
Non-accrual loans brought current	—		—		—		—		(571)		—		(98)		(669)
Balance at end of period	$	55,498	$	9,403	$	2,127	$	8,455	$	12,228	$	539	$	4,400	$	92,650

	For the Year Ended December 31, 2023
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Analysis of non-accrual loan activity:
Balance at beginning of period	$	9,943	$	5,019	$	—	$	7,322	$	7,439	$	—	$	5,059	$	34,782
Loans placed on non-accrual	62,725		—		2,111		6,271		7,871		449		2,450		81,877
Non-accrual balances transferred to OREO	—		—		—		—		—		—		—		—
Non-accrual balances charged-off	—		—		—		(441)		(160)		—		(1,757)		(2,358)
Net payments or draws	(14,010)		(379)		(852)		(2,588)		(1,667)		(6)		(1,528)		(21,030)
Non-accrual loans brought current	—		—		—		(513)		(1,151)		—		(122)		(1,786)
Balance at end of period	$	58,658	$	4,640	$	1,259	$	10,051	$	12,332	$	443	$	4,102	$	91,485

	June 30, 2024
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Performing loans:
Current	$	4,873,362	$	1,736,874	$	1,181,407	$	1,590,529	$	1,497,566	$	76,749	$	411,670	$	11,368,157
30-59 days	3,219		1,160		—		2,339		11,165		739		1,036		19,658
60-89 days	1,250		271		762		187		592		—		55		3,117
Total performing loans	4,877,831		1,738,305		1,182,169		1,593,055		1,509,323		77,488		412,761		11,390,932
Non-performing loans:
Non-accrual loans	55,498		9,403		2,127		8,455		12,228		539		4,400		92,650
Loans greater than 90 days past due	—		—		—		—		339		—		—		339
Total non-performing loans	55,498		9,403		2,127		8,455		12,567		539		4,400		92,989
Total loans	$	4,933,329	$	1,747,708	$	1,184,296	$	1,601,510	$	1,521,890	$	78,027	$	417,161	$	11,483,921

	December 31, 2023
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Performing loans:
Current	$	5,044,647	$	1,748,449	$	986,859	$	1,494,426	$	1,445,785	$	118,976	$	409,607	$	11,248,749
30-59 days	1,120		2,056		849		383		14,026		2,000		3,298		23,732
60-89 days	—		90		—		—		2,036		—		535		2,661
Total performing loans	5,045,767		1,750,595		987,708		1,494,809		1,461,847		120,976		413,440		11,275,142
Non-performing loans:
Non-accrual loans	58,658		4,640		1,259		10,051		12,332		443		4,102		91,485
Loans greater than 90 days past due	—		—		—		20		342		—		—		362
Total non-performing loans	58,658		4,640		1,259		10,071		12,674		443		4,102		91,847
Total loans	$	5,104,425	$	1,755,235	$	988,967	$	1,504,880	$	1,474,521	$	121,419	$	417,542	$	11,366,989

The following tables present the average principal balance of total non-accrual loans and contractual interest due on non-accrual loans for the periods indicated below:

	For the Six Months Ended June 30, 2024
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Average non-accrual loans for the period	$	56,578	$	6,146	$	1,314	$	8,557	$	12,131	$	508	$	4,171	$	89,405
Contractual interest income due on non- accrual loans during the period	$	1,769	$	190	$	40	$	320	$	313	$	13	$	200	$	2,845

	For the Year Ended December 31, 2023
	Commercial Real Estate								Residential Real Estate
(In thousands)	Commercial Investor R/E		Commercial Owner- Occupied R/E		Commercial AD&C		Commercial Business		Residential Mortgage		Residential Construction		Consumer		Total
Average non-accrual loans for the period	$	28,650	$	4,795	$	812	$	9,640	$	10,547	$	223	$	4,146	$	58,813
Contractual interest income due on non- accrual loans during the period	$	760	$	298	$	41	$	716	$	432	$	6	$	299	$	2,552

There was no interest income recognized on non-accrual loans during the six months ended June 30, 2024. See Note 1 for additional information on the Company's policies for non-accrual loans. Loans designated as non-accrual have all previously accrued but unpaid interest reversed from interest income. During the six months ended June 30, 2024 new loans placed on non-accrual status totaled $11.5 million and the related amount of reversed uncollected accrued interest was $0.2 million.

The credit quality indicators for commercial loans are developed through review of individual borrowers on an ongoing basis. Each borrower is evaluated at least annually with more frequent evaluations of classified and criticized loans. The indicators represent the rating for loans as of the date presented and are based on the most recent credit review performed. These credit quality indicators are defined as follows:

Pass - A pass rated credit is not adversely classified because it does not display any of the characteristics for adverse classification.

Special mention – A special mention credit has potential weaknesses that deserve management’s close attention. If uncorrected, such weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard – A substandard loan is inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful – A loan that is classified as doubtful has all the weaknesses inherent in a loan classified as substandard with added characteristics that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions and values.

Loss – Loans classified as a loss are considered uncollectible and of such little value that their continuing to be carried as a loan is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.

The following table provides information about credit quality indicators by the year of origination as of June 30, 2024:

	June 30, 2024
	Term Loans by Origination Year(1)												Revolving
(In thousands)	2024		2023		2022		2021		2020		Prior		Loans		Total
Commercial Investor R/E:
Pass	$	195,837	$	309,794	$	1,301,450	$	1,161,385	$	577,096	$	1,199,951	$	27,983	$	4,773,496
Special Mention	21,360		5,580		—		309		15,790		23,334		—		66,373
Substandard	32,254		3,585		455		28,244		996		27,926		—		93,460
Doubtful	—		—		—		—		—		—		—		—
Total	$	249,451	$	318,959	$	1,301,905	$	1,189,938	$	593,882	$	1,251,211	$	27,983	$	4,933,329
Current period gross charge-offs	$	—	$	—	$	—	$	1	$	—	$	—	$	—	$	1
Commercial Owner-Occupied R/E:
Pass	$	91,204	$	114,232	$	349,017	$	307,859	$	230,851	$	613,978	$	5,226	$	1,712,367
Special Mention	32		3,460		1,800		58		863		9,844		—		16,057
Substandard	—		570		2,800		2,963		336		12,615		—		19,284
Doubtful	—		—		—		—		—		—		—		—
Total	$	91,236	$	118,262	$	353,617	$	310,880	$	232,050	$	636,437	$	5,226	$	1,747,708
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial AD&C:
Pass	$	195,714	$	300,538	$	358,564	$	136,334	$	4,942	$	—	$	134,460	$	1,130,552
Special Mention	2,121		—		27,994		21,502		—		—		—		51,617
Substandard	122		1,571		434		—		—		—		—		2,127
Doubtful	—		—		—		—		—		—		—		—
Total	$	197,957	$	302,109	$	386,992	$	157,836	$	4,942	$	—	$	134,460	$	1,184,296
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Business:
Pass	$	190,155	$	180,085	$	315,120	$	181,772	$	81,362	$	160,139	$	445,419	$	1,554,052
Special Mention	675		711		3,919		1,689		274		605		20,945		28,818
Substandard	3,111		2,137		1,377		2,576		1,274		2,097		6,068		18,640
Doubtful	—		—		—		—		—		—		—		—
Total	$	193,941	$	182,933	$	320,416	$	186,037	$	82,910	$	162,841	$	472,432	$	1,601,510
Current period gross charge-offs	$	—	$	—	$	612	$	—	$	—	$	939	$	—	$	1,551
Residential Mortgage:
Beacon score:
660-850	$	15,561	$	41,076	$	509,458	$	395,278	$	161,201	$	288,775	$	—	$	1,411,349
600-659	10		1,114		14,701		19,073		3,787		25,967		—		64,652
540-599	—		1,200		2,237		3,140		2,976		10,997		—		20,550
less than 540	—		527		1,306		5,088		1,745		16,673		—		25,339
Total	$	15,571	$	43,917	$	527,702	$	422,579	$	169,709	$	342,412	$	—	$	1,521,890
Current period gross charge-offs	$	—	$	—	$	—	$	50	$	—	$	—	$	—	$	50
Residential Construction:
Beacon score:
660-850	$	3,544	$	27,132	$	27,805	$	12,201	$	2,082	$	150	$	—	$	72,914
600-659	—		—		—		—		—		1,308		—		1,308
540-599	539		—		1,766		—		1,500		—		—		3,805
less than 540	—		—		—		—		—		—		—		—
Total	$	4,083	$	27,132	$	29,571	$	12,201	$	3,582	$	1,458	$	—	$	78,027
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Beacon score:
660-850	$	5,524	$	8,412	$	4,209	$	1,657	$	694	$	26,383	$	330,123	$	377,002
600-659	191		1,731		201		62		60		2,640		15,256		20,141
540-599	4		394		417		122		146		2,617		4,195		7,895
less than 540	68		351		287		256		179		2,593		8,389		12,123
Total	$	5,787	$	10,888	$	5,114	$	2,097	$	1,079	$	34,233	$	357,963	$	417,161
Current period gross charge-offs	$	—	$	—	$	—	$	5	$	—	$	14	$	318	$	337
Total loans	$	758,026	$	1,004,200	$	2,925,317	$	2,281,568	$	1,088,154	$	2,428,592	$	998,064	$	11,483,921

(1) Includes new loan originations, loan renewals and loan extensions.

 The following table provides information about credit quality indicators by the year of origination as of December 31, 2023:

	December 31, 2023
	Term Loans by Origination Year(1)												Revolving
(In thousands)	2023		2022		2021		2020		2019		Prior		Loans		Total
Commercial Investor R/E:
Pass	$	405,740	$	1,395,973	$	1,195,708	$	634,361	$	511,146	$	848,958	$	23,653	$	5,015,539
Special Mention	9,250		—		316		—		—		1,978		—		11,544
Substandard	30,792		465		30,927		—		—		14,410		748		77,342
Doubtful	—		—		—		—		—		—		—		—
Total	$	445,782	$	1,396,438	$	1,226,951	$	634,361	$	511,146	$	865,346	$	24,401	$	5,104,425
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Owner-Occupied R/E:
Pass	$	136,072	$	361,247	$	318,269	$	238,761	$	235,145	$	428,846	$	5,621	$	1,723,961
Special Mention	406		70		2,240		875		2,267		8,616		—		14,474
Substandard	2,562		3,634		801		343		5,866		3,594		—		16,800
Doubtful	—		—		—		—		—		—		—		—
Total	$	139,040	$	364,951	$	321,310	$	239,979	$	243,278	$	441,056	$	5,621	$	1,755,235
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial AD&C:
Pass	$	334,918	$	288,732	$	178,889	$	28,954	$	—	$	—	$	155,889	$	987,382
Special Mention	—		—		—		—		—		—		—		—
Substandard	1,016		569		—		—		—		—		—		1,585
Doubtful	—		—		—		—		—		—		—		—
Total	$	335,934	$	289,301	$	178,889	$	28,954	$	—	$	—	$	155,889	$	988,967
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Business:
Pass	$	247,081	$	344,034	$	202,020	$	92,198	$	62,413	$	118,061	$	410,856	$	1,476,663
Special Mention	532		45		180		1,037		1,040		294		3,635		6,763
Substandard	6,725		2,073		2,281		917		1,925		1,571		5,962		21,454
Doubtful	—		—		—		—		—		—		—		—
Total	$	254,338	$	346,152	$	204,481	$	94,152	$	65,378	$	119,926	$	420,453	$	1,504,880
Current period gross charge-offs	$	—	$	9	$	324	$	—	$	—	$	116	$	—	$	449
Residential Mortgage:
Beacon score:
660-850	$	31,853	$	476,631	$	394,414	$	166,387	$	41,473	$	266,927	$	—	$	1,377,685
600-659	781		7,022		18,284		2,009		1,882		24,040		—		54,018
540-599	—		1,545		2,698		2,371		1,891		9,377		—		17,882
less than 540	229		2,042		3,351		2,424		2,533		14,357		—		24,936
Total	$	32,863	$	487,240	$	418,747	$	173,191	$	47,779	$	314,701	$	—	$	1,474,521
Current period gross charge-offs	$	—	$	—	$	43	$	—	$	10	$	107	$	—	$	160
Residential Construction:
Beacon score:
660-850	$	21,975	$	68,273	$	21,897	$	2,478	$	150	$	—	$	—	$	114,773
600-659	1,641		500		1,319		1,500		—		1,243		—		6,203
540-599	443		—		—		—		—		—		—		443
less than 540	—		—		—		—		—		—		—		—
Total	$	24,059	$	68,773	$	23,216	$	3,978	$	150	$	1,243	$	—	$	121,419
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Beacon score:
660-850	$	11,452	$	4,960	$	1,823	$	519	$	1,662	$	24,543	$	333,382	$	378,341
600-659	1,209		192		237		425		209		3,954		12,668		18,894
540-599	24		374		87		47		500		2,868		5,920		9,820
less than 540	384		215		132		50		288		2,803		6,615		10,487
Total	$	13,069	$	5,741	$	2,279	$	1,041	$	2,659	$	34,168	$	358,585	$	417,542
Current period gross charge-offs	$	—	$	20	$	28	$	—	$	15	$	1,735	$	207	$	2,005
Total loans	$	1,245,085	$	2,958,596	$	2,375,873	$	1,175,656	$	870,390	$	1,776,440	$	964,949	$	11,366,989

(1) Includes new loan originations, loan renewals and loan extensions.

Modifications to Borrowers Experiencing Financial Difficulty

As a part of our risk management practices, we may consider modifying a loan for a borrower experiencing a financial difficulty that provides a certain degree of a payment relief. Modification types primarily include a reduction in the interest rate or an extension of the existing term. We do not provide modifications that result in the reduction of the outstanding principal balance.

The following table presents the amount of the loans modified during the periods indicated below to borrowers experiencing financial difficulty, disaggregated by the loan portfolio segment, type of modification granted and the financial effect of loans modified:

	For the Three Months Ended June 30, 2024
	Interest rate reduction		Term extension		Rate reduction & Term extension		Total				Interest rate reduction		Term extension
(in thousands)	Amount		Amount		Amount		Amount		% of total loan segment		Weighted Average		Weighted Average
Commercial Investor R/E	$	—	$	22,938	$	—	$	22,938	0.5	%	—	%	4 Months
Commercial Owner-Occupied R/E	—		515		—		515		—	%	—	%	9 Months
Commercial AD&C	—		—		—		—		—	%	—	%	—
Commercial Business	8		8,653		91		8,752		0.5	%	1.9	%	5 Months
All Other loans	—		—		—		—		—	%	—	%	—
Total	$	8	$	32,106	$	91	$	32,205	0.3	%

	For the Three Months Ended June 30, 2023
	Interest rate reduction		Term extension		Rate reduction & Term extension		Total				Interest rate reduction		Term extension
(in thousands)	Amount		Amount		Amount		Amount		% of total loan segment		Weighted Average		Weighted Average
Commercial Investor R/E	$	28,340	$	486	$	—	$	28,826	0.6	%	2.6	%	5 Months
Commercial Owner-Occupied R/E	—		2,000		—		2,000		0.1	%	—	%	8 Months
Commercial AD&C	—		350		—		350		—	%	—	%	9 Months
Commercial Business	—		858		—		858		0.1	%	—	%	8 Months
All Other loans	—		—		—		—		—	%	—	%	—
Total	$	28,340	$	3,694	$	—	$	32,034	0.3	%

	For the Six Months Ended June 30, 2024
	Interest rate reduction		Term extension		Rate reduction & Term extension		Total				Interest rate reduction		Term extension
(in thousands)	Amount		Amount		Amount		Amount		% of total loan segment		Weighted Average		Weighted Average
Commercial Investor R/E	$	—	$	34,543	$	—	$	34,543	0.7	%	—	%	7 Months
Commercial Owner-Occupied R/E	—		515		—		515		—	%	—	%	9 Months
Commercial AD&C	—		122		—		122		—	%	—	%	17 Months
Commercial Business	8		8,788		150		8,946		0.6	%	1.4	%	7 Months
All Other loans	—		539		—		539		—	%	—	%	9 Months
Total	$	8	$	44,507	$	150	$	44,665	0.4	%

	For the Six Months Ended June 30, 2023
	Interest rate reduction		Term extension		Rate reduction & Term extension		Total				Interest rate reduction		Term extension
(in thousands)	Amount		Amount		Amount		Amount		% of total loan segment		Weighted Average		Weighted Average
Commercial Investor R/E	$	28,340	$	553	$	—	$	28,893	0.6	%	2.6	%	5 Months
Commercial Owner-Occupied R/E	—		2,000		—		2,000		0.1	%	—	%	8 Months
Commercial AD&C	—		350		—		350		—	%	—	%	9 Months
Commercial Business	—		950		—		950		0.1	%	—	%	8 Months
All Other loans	—		—		—		—		—	%	—	%	—
Total	$	28,340	$	3,853	$	—	$	32,193	0.3	%

Unfunded loan commitments on modifications for borrowers experiencing financial difficulty totaled $0.5 million at June 30, 2024. These commitments are not included in the table above.

The following table presents the performance of loans that have been modified during the periods indicated:

	For the Six Months Ended June 30, 2024
(in thousands)	Current		30-89 days past due		90+ days past due		Total
Commercial Investor R/E	$	33,397	$	1,146	$	—	$	34,543
Commercial Owner-Occupied R/E	515		—		—		515
Commercial AD&C	—		—		122		122
Commercial Business	8,896		50		—		8,946
All Other loans	—		—		539		539
Total	$	42,808	$	1,196	$	661	$	44,665

	For the Six Months Ended June 30, 2023
(in thousands)	Current		30-89 days past due		90+ days past due		Total
Commercial Investor R/E	$	28,680	$	213	$	—	$	28,893
Commercial Owner-Occupied R/E	2,000		—		—		2,000
Commercial AD&C	350		—		—		350
Commercial Business	950		—		—		950
All Other loans	—		—		—		—
Total	$	31,980	$	213	$	—	$	32,193

There were no loans that defaulted (defined as new non-accrual or 90 days past due) during the six months ended June 30, 2024 and that had been modified in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension (or a combination thereof) within the previous 12 months preceding the payment default when the debtor was experiencing financial difficulty at the time of the modification.

Other Real Estate Owned

Other real estate owned ("OREO") totaled $2.7 million at June 30, 2024 as compared to none at December 31, 2023. There were $1.4 million in consumer mortgage loans secured by residential real estate property for which formal foreclosure proceedings were in process as of June 30, 2024.