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CREDIT QUALITY ASSESSMENT (Tables)
 6 Months Ended
Jun. 30, 2024
Credit Loss [Abstract]  
Summary Information on the Allowance for Credit Loss Activity
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)20242023
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 recoveries645 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.
Schedule of Collateral Dependent Loans Individually Evaluated for Credit Loss
The following table provides summary information regarding collateral dependent loans individually evaluated for credit loss at the dates indicated:
(In thousands)June 30, 2024December 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 allowance19,645 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 collectively102,821 96,865 
Total allowance for credit losses - loans$125,863 $120,865 
Activity in Allowance for Credit Losses or Loan and Lease Losses by Respective Loan Portfolio Segment
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 EstateResidential Real Estate 
(Dollars in thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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 - loans2,454 (713)3,843 (210)631 (367)654 6,292 
Charge-offs(1)— — (1,551)(50)— (337)(1,939)
Recoveries6 54 306 29 17 — 233 645 
Net (charge-offs)/ recoveries5 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 ratio1.30 %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 ratio24.00 %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 ratio0.97 %0.33 %1.04 %1.56 %0.62 %0.46 %0.62 %0.90 %

 For the Year Ended December 31, 2023
 Commercial Real EstateResidential Real Estate 
(Dollars in thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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)
Recoveries25 105 — 303 114 — 584 1,131 
Net (charge-offs)/ recoveries25 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 ratio1.20 %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 ratio21.26 %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 ratio0.92 %0.36 %0.83 %1.64 %0.60 %0.60 %0.49 %0.86 %
Schedule of Information on the Credit Quality of Loan Portfolio
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 EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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-accrual1,085 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 EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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-accrual62,725 — 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 
Credit Quality of Loan Portfolio by Segment
 June 30, 2024
 Commercial Real EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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 days3,219 1,160 — 2,339 11,165 739 1,036 19,658 
60-89 days1,250 271 762 187 592 — 55 3,117 
Total performing loans4,877,831 1,738,305 1,182,169 1,593,055 1,509,323 77,488 412,761 11,390,932 
Non-performing loans:
Non-accrual loans55,498 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 loans55,498 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 EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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 days1,120 2,056 849 383 14,026 2,000 3,298 23,732 
60-89 days— 90 — — 2,036 — 535 2,661 
Total performing loans5,045,767 1,750,595 987,708 1,494,809 1,461,847 120,976 413,440 11,275,142 
Non-performing loans:
Non-accrual loans58,658 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 loans58,658 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 
Table of Average Principal Balance of the Total Non-Accrual Loans and Contractual Interest Due
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 EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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 EstateResidential Real Estate
(In thousands)Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential
Mortgage		Residential
Construction		ConsumerTotal
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 
Information About Credit Quality Indicator by the Year Of Origination
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)20242023202220212020PriorLoansTotal
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 Mention21,360 5,580 — 309 15,790 23,334 — 66,373 
Substandard32,254 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 Mention32 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 Mention2,121 — 27,994 21,502 — — — 51,617 
Substandard122 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 Mention675 711 3,919 1,689 274 605 20,945 28,818 
Substandard3,111 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 
600-65910 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 
540-599539 — 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 
600-659191 1,731 201 62 60 2,640 15,256 20,141 
540-5994 394 417 122 146 2,617 4,195 7,895 
less than 54068 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)20232022202120202019PriorLoansTotal
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 Mention9,250 — 316 — — 1,978 — 11,544 
Substandard30,792 465 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 Mention406 70 2,240 875 2,267 8,616 — 14,474 
Substandard2,562 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— — — — — — — — 
Substandard1,016 569 — — — — — 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 Mention532 45 180 1,037 1,040 294 3,635 6,763 
Substandard6,725 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 
600-659781 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 540229 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 
600-6591,641 500 1,319 1,500 — 1,243 — 6,203 
540-599443 — — — — — — 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 
600-6591,209 192 237 425 209 3,954 12,668 18,894 
540-59924 374 87 47 500 2,868 5,920 9,820 
less than 540384 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.
Schedule of Loans Modified
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 reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted 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 Business8 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 reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted 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 $— $32,034 0.3 %
For the Six Months Ended June 30, 2024
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$— $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 Business8 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 reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted 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 %
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)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$33,397 $1,146 $— $34,543 
Commercial Owner-Occupied R/E515 — — 515 
Commercial AD&C— — 122 122 
Commercial Business8,896 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)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$28,680 $213 $— $28,893 
Commercial Owner-Occupied R/E2,000 — — 2,000 
Commercial AD&C350 — — 350 
Commercial Business950 — — 950 
All Other loans— — — — 
Total$31,980 $213 $— $32,193