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CREDIT QUALITY ASSESSMENT (Tables)
 12 Months Ended
Dec. 31, 2024
Credit Loss [Abstract]  
Allowance For Credit Loss Activity
Summary information on the allowance for credit loss activity for the years ended December 31 is provided in the following table:

(In thousands)202420232022
Balance at beginning of year$120,865 $136,242 $109,145 
Provision/ (credit) for credit losses - loans17,255 (13,894)26,680 
Loans charge-offs(4,608)(2,614)(1,105)
Loans recoveries889 1,131 1,522 
Net (charge-offs)/ recoveries(3,719)(1,483)417 
Balance at period end$134,401 $120,865 $136,242 
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)20242023
Collateral dependent loans individually evaluated for credit loss with an allowance$94,965 $72,179 
Collateral dependent loans individually evaluated for credit loss without an allowance22,015 15,989 
Total individually evaluated collateral dependent loans$116,980 $88,168 
Allowance for credit losses related to loans evaluated individually$37,538 $24,000 
Allowance for credit losses related to loans evaluated collectively96,863 96,865 
Total allowance for credit losses - loans$134,401 $120,865 
Activity in Allowance for Credit 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 years ended December 31:

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
Balance as of December 31, 2023
$61,439 $7,536 $8,287 $31,932 $8,890 $729 $2,052 $120,865 
Provision/ (credit) for credit losses - loans(3,333)(2,255)20,167 1,952 294 (526)956 17,255 
Charge-offs(401)— (135)(3,481)(50)— (541)(4,608)
Recoveries12 111 353 53 59 — 301 889 
Net (charge-offs)/ recoveries(389)111 218 (3,428)9 — (240)(3,719)
Balance at end of period$57,717 $5,392 $28,672 $30,456 $9,193 $203 $2,768 $134,401 
Total loans$4,779,593 $1,748,772 $1,327,292 $1,653,135 $1,537,589 $49,028 $442,557 $11,537,966 
Allowance for credit losses on loans to total loans ratio1.21 %0.31 %2.16 %1.84 %0.60 %0.41 %0.63 %1.16 %
Average loans$4,929,894 $1,740,376 $1,180,100 $1,561,616 $1,518,170 $77,276 $422,260 $11,429,692 
Net charge-offs/ (recoveries) to average loans0.01 %(0.01)%(0.02)%0.22 %— %— %0.06 %0.03 %
Balance of loans individually evaluated for credit loss$71,068 $7,008 $31,314 $7,590 $— $— $— $116,980 
Allowance related to loans evaluated individually$18,313 $78 $13,706 $5,441 $— $— $— $37,538 
Individual allowance to loans evaluated individually ratio25.77 %1.11 %43.77 %71.69 %— %— %— %32.09 %
Contractual balance of individually evaluated loans$72,925 $8,182 $31,327 $8,764 $— $— $— $121,198 
Balance of loans collectively evaluated for credit loss$4,708,525 $1,741,764 $1,295,978 $1,645,545 $1,537,589 $49,028 $442,557 $11,420,986 
Allowance related to loans evaluated collectively$39,404 $5,314 $14,966 $25,015 $9,193 $203 $2,768 $96,863 
Collective allowance to loans evaluated collectively ratio0.84 %0.31 %1.15 %1.52 %0.60 %0.41 %0.63 %0.85 %

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
Balance as of December 31, 2022
$64,737 $11,646 $18,646 $28,027 $9,424 $1,337 $2,425 $136,242 
Provision/ (credit) 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 Nonaccrual Related Information
The following table presents average principal balance of total non-accrual loans and contractual interest due on non-accrual loans for the periods indicated below:

2024
Commercial Real EstateResidential Real EstateTotal

(In thousands)
Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
Average non-accrual loans for the period$56,682 $7,611 $16,453 $8,063 $11,749 $536 $4,092 $105,186 
Contractual interest income due on non-accrual loans during the period$3,629 $466 $800 $553 $583 $27 $375 $6,433 

2023
Commercial Real EstateResidential Real EstateTotal

(In thousands)
Commercial
Investor R/E		Commercial
Owner-
Occupied R/E		Commercial
AD&C		Commercial
Business		Residential MortgageResidential ConstructionConsumer
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 
Schedule of Information on the Credit Quality of Loan Portfolio
The following tables provide information on the credit quality of the loan portfolio by segment at December 31 for the years indicated:

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-accrual6,706 5,730 31,694 3,909 1,634 — 1,368 51,041 
Non-accrual balances transferred to OREO(3,265)— — — — — — (3,265)
Non-accrual balances charged-off(402)— (134)(3,478)— — (20)(4,034)
Net payments or draws(3,626)(1,637)(1,505)(2,892)(2,447)78 (1,575)(13,604)
Non-accrual loans brought current— (1,725)— — (580)— (178)(2,483)
Balance at end of period$58,071 $7,008 $31,314 $7,590 $10,939 $521 $3,697 $119,140 

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
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		Consumer


Total
Performing loans:
Current$4,696,667 $1,740,403 $1,276,591 $1,643,900 $1,509,013 $48,507 $434,165 $11,349,246 
30-59 days7,753 1,361 19,387 1,275 15,071 — 4,241 49,088 
60-89 days17,102 — — 370 2,334 — 454 20,260 
Total performing loans4,721,522 1,741,764 1,295,978 1,645,545 1,526,418 48,507 438,860 11,418,594 
Non-performing loans:
Non-accrual loans58,071 7,008 31,314 7,590 10,939 521 3,697 119,140 
Loans greater than 90 days past due— — — — 232 — — 232 
Restructured loans— — — — — — — — 
Total non-performing loans58,071 7,008 31,314 7,590 11,171 521 3,697 119,372 
Total loans$4,779,593 $1,748,772 $1,327,292 $1,653,135 $1,537,589 $49,028 $442,557 $11,537,966 

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		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 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 
Restructured loans— — — — — — — — 
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 
Information about Credit Quality Indicators by the Year of Origination
The following tables provide information about credit quality indicators by the year of origination:
 2024
 Term Loans by Origination YearRevolving 
(In thousands)20242023202220212020PriorLoansTotal
Commercial Investor R/E:        
Pass$337,754 $303,462 $1,306,076 $1,064,827 $521,505 $1,053,674 $32,739 $4,620,037 
Special Mention— — 4,100 — 18,888 40,437 — 63,425 
Substandard— — — 32,768 5,606 57,757 — 96,131 
Doubtful— — — — — — — — 
Total$337,754 $303,462 $1,310,176 $1,097,595 $545,999 $1,151,868 $32,739 $4,779,593 
Current period gross charge-offs$— $— $— $357 $— $44 $— $401 
Commercial Owner-Occupied R/E:
Pass$183,357 $109,915 $346,029 $286,260 $212,034 $542,637 $6,277 $1,686,509 
Special Mention— 4,764 3,632 14,731 4,043 11,027 — 38,197 
Substandard— — 900 2,810 972 19,384 — 24,066 
Doubtful— — — — — — — — 
Total$183,357 $114,679 $350,561 $303,801 $217,049 $573,048 $6,277 $1,748,772 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Commercial AD&C:
Pass$423,143 $243,462 $301,254 $73,323 $— $— $207,880 $1,249,062 
Special Mention— 262 — 4,213 — — — 4,475 
Substandard— — 27,994 42,832 1,571 1,358 — 73,755 
Doubtful— — — — — — — — 
Total$423,143 $243,724 $329,248 $120,368 $1,571 $1,358 $207,880 $1,327,292 
Current period gross charge-offs$— $— $135 $— $— $— $— $135 
Commercial Business:
Pass$302,334 $142,011 $291,167 $161,300 $71,650 $139,311 $509,158 $1,616,931 
Special Mention143 605 5,689 1,588 48 3,913 10,468 22,454 
Substandard165 858 1,082 1,616 637 4,768 4,624 13,750 
Doubtful— — — — — — — — 
Total$302,642 $143,474 $297,938 $164,504 $72,335 $147,992 $524,250 $1,653,135 
Current period gross charge-offs$— $— $1,482 $470 $— $1,479 $50 $3,481 
Residential Mortgage:
Beacon score:
660-850$43,196 $48,842 $483,634 $385,226 $151,114 $252,024 $— $1,364,036 
600-65920 1,939 18,507 9,450 2,480 20,017 — 52,413 
540-599— 1,193 1,305 4,011 2,601 10,946 — 20,056 
less than 5405,493 1,589 31,046 21,509 8,382 33,065 — 101,084 
Total$48,709 $53,563 $534,492 $420,196 $164,577 $316,052 $— $1,537,589 
Current period gross charge-offs$— $— $— $50 $— $— $— $50 
Residential Construction:
Beacon score:
660-850$16,923 $7,326 $11,695 $6,723 $— $150 $410 $43,227 
600-659— — — — — 1,308 — 1,308 
540-599521 — 500 — 1,500 — — 2,521 
less than 54013 1,459 62 438 — — — 1,972 
Total$17,457 $8,785 $12,257 $7,161 $1,500 $1,458 $410 $49,028 
Current period gross charge-offs$— $— $— $— $— $— $— $— 
Consumer:
Beacon score:
660-850$14,476 $6,973 $3,273 $1,218 $637 $22,453 $329,297 $378,327 
600-659825 1,730 282 40 78 3,166 13,113 19,234 
540-599155 166 430 91 30 2,021 4,571 7,464 
less than 5401,734 1,578 1,284 642 197 3,531 28,566 37,532 
Total$17,190 $10,447 $5,269 $1,991 $942 $31,171 $375,547 $442,557 
Current period gross charge-offs$— $6 $— $25 $— $17 $493 $541 
Total loans$1,330,252 $878,134 $2,839,941 $2,115,616 $1,003,973 $2,222,947 $1,147,103 $11,537,966 
 2023
 Term Loans by Origination YearRevolving 
(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 
Restructured Loans for Specific Segments of Loan Portfolio
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 Year Ended December 31, 2024
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$485 $61,981 $8,245 $70,711 1.5 %0.9 %8 Months
Commercial Owner-Occupied R/E4,834 8,848 — 13,682 0.8 %1.1 %20 Months
Commercial AD&C— 23,840 — 23,840 1.8 %— %6 Months
Commercial Business16 9,726 369 10,111 0.6 %2.1 %16 Months
All Other loans— 521 — 521 — %— %18 Months
Total$5,335 $104,916 $8,614 $118,865 1.0 %


For the Year Ended December 31, 2023
Interest rate reductionTerm extensionRate reduction & Term extensionTotalInterest rate reductionTerm extension
(in thousands)AmountAmountAmountAmount% of total loan segmentWeighted AverageWeighted Average
Commercial Investor R/E$28,970 $9,778 $13,560 $52,308 1.0 %1.5 %15 Months
Commercial Owner-Occupied R/E— 2,808 — 2,808 0.2 %— %14 Months
Commercial AD&C— 1,016 — 1,016 0.1 %— %9 Months
Commercial Business233 5,496 — 5,729 0.4 %0.3 %14 Months
All Other loans— — — — — %— %—
Total$29,203 $19,098 $13,560 $61,861 0.5 %
The following table presents the performance of loans that have been modified during the periods indicated:

For the Year Ended December 31, 2024
(in thousands)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$20,689 $47,617 $2,405 $70,711 
Commercial Owner-Occupied R/E13,225 — 457 13,682 
Commercial AD&C23,718 — 122 23,840 
Commercial Business9,239 797 75 10,111 
All Other loans521 — — 521 
Total$67,392 $48,414 $3,059 $118,865 
For the Year Ended December 31, 2023
(in thousands)Current30-89 days past due90+ days past dueTotal
Commercial Investor R/E$51,560 $— $748 $52,308 
Commercial Owner-Occupied R/E2,808 — — 2,808 
Commercial AD&C327 — 689 1,016 
Commercial Business5,408 88 233 5,729 
All Other loans— — — — 
Total$60,103 $88 $1,670 $61,861