ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION

9 Months Ended

Sep. 30, 2025

Receivables [Abstract]

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION

7. ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION

The following tables provide the activity of the total allowance for credit losses for the three and nine months ended September 30, 2025 and 2024:

	Three months ended September 30, 2025								Nine months ended September 30, 2025
(Dollars in thousands)	Loans and Leases		HTM Securities(1)		Other Accounts Receivable		Total		Loans and Leases		HTM Securities(1)		Other Accounts Receivable		Total
Allowance for credit losses
Beginning balance	$	186,304	$	6	$	2,811	$	189,121	$	195,281	$	7	$	—	$	195,288
Charge-offs	(12,353)		—		(1,019)		(13,372)		(48,020)		—		(2,840)		(50,860)
Recoveries	3,267		—		748		4,015		13,272		—		748		14,020
Charge-offs arising from transfer of loans to held for sale	(826)		—		—		(826)		(9,481)		—		—		(9,481)
Provision (release)	6,838		—		(272)		6,566		32,178		(1)		4,360		36,537
Ending balance	$	183,230	$	6	$	2,268	$	185,504	$	183,230	$	6	$	2,268	$	185,504
	Three months ended September 30, 2024								Nine months ended September 30, 2024
(Dollars in thousands)	Loans and Leases		HTM Securities(1)		Other Accounts Receivable		Total		Loans and Leases		HTM Securities(1)		Other Accounts Receivable		Total
Allowance for credit losses
Beginning balance	$	198,253	$	7	$	—	$	198,260	$	186,126	$	8	$	—	$	186,134
Charge-offs	(23,101)		—		—		(23,101)		(52,532)		—		—		(52,532)
Recoveries	3,916		—		—		3,916		10,521		—		—		10,521
Provision (release)	18,422		—		—		18,422		53,375		(1)		—		53,374
Ending balance	$	197,490	$	7	$	—	$	197,497	$	197,490	$	7	$	—	$	197,497

(1)See Note 5 for further detail on the HTM securities allowance.

Allowance for Credit Losses Related to Loans and Leases

The following tables provide the activity of allowance for credit losses and loan balances for our loan and lease portfolio for the three and nine months ended September 30, 2025 and 2024. For the three and nine months ended September 30, 2025, the decrease was primarily due to the resolution of several problem loans as well as the Upstart loan sale.

(Dollars in thousands)	Commercial and Industrial		Owner-occupied Commercial		Commercial Mortgages		Construction		Commercial Small Business Leases		Residential(1)		Consumer(2)		Total
Three months ended September 30, 2025
Allowance for credit losses
Beginning balance	$	52,121	$	8,584	$	54,775	$	10,696	$	18,301	$	5,815	$	36,012	$	186,304
Charge-offs	(7,363)		(4)		(43)		—		(3,860)		—		(1,083)		(12,353)
Recoveries	1,541		4		—		—		932		43		747		3,267
Charge-offs arising from transfer of loans to held for sale	—		—		—		—		—		—		(826)		(826)
Provision (release)	3,330		(273)		(6,122)		6,478		1,892		594		939		6,838
Ending balance	$	49,629	$	8,311	$	48,610	$	17,174	$	17,265	$	6,452	$	35,789	$	183,230
Nine months ended September 30, 2025
Allowance for credit losses
Beginning balance	$	57,131	$	9,139	$	48,962	$	9,185	$	15,965	$	5,566	$	49,333	$	195,281
Charge-offs	(28,514)		(4)		(240)		—		(11,203)		—		(8,059)		(48,020)
Recoveries	3,985		16		527		—		2,265		140		6,339		13,272
Charge-offs arising from transfer of loans to held for sale	(552)		—		—		—		—		—		(8,929)		(9,481)
Provision (release)	17,579		(840)		(639)		7,989		10,238		746		(2,895)		32,178
Ending balance	$	49,629	$	8,311	$	48,610	$	17,174	$	17,265	$	6,452	$	35,789	$	183,230
Period-end allowance allocated to:
Loans evaluated on an individual basis	$	—	$	—	$	—	$	6,069	$	—	$	—	$	—	$	6,069
Loans evaluated on a collective basis	49,629		8,311		48,610		11,105		17,265		6,452		35,789		177,161
Ending balance	$	49,629	$	8,311	$	48,610	$	17,174	$	17,265	$	6,452	$	35,789	$	183,230
Period-end loan balances:
Loans evaluated on an individual basis	$	14,986	$	6,672	$	3,145	$	29,381	$	—	$	8,149	$	3,024	$	65,357
Loans evaluated on a collective basis	2,610,166		1,916,095		3,852,826		974,605		617,256		1,025,194		1,893,754		12,889,896
Ending balance	$	2,625,152	$	1,922,767	$	3,855,971	$	1,003,986	$	617,256	$	1,033,343	$	1,896,778	$	12,955,253

(1)Period-end loan balance excludes reverse mortgages at fair value of $5.3 million.

(2)Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

(Dollars in thousands)	Commercial and Industrial		Owner - occupied Commercial		Commercial Mortgages		Construction		Commercial Small Business Leases		Residential(1)		Consumer(2)		Total
Three months ended September 30, 2024
Allowance for credit losses
Beginning balance	$	56,516	$	9,668	$	46,831	$	9,198	$	16,218	$	5,057	$	54,765	$	198,253
Charge-offs	(11,277)		(177)		(205)		—		(5,451)		(8)		(5,983)		(23,101)
Recoveries	2,481		4		79		—		664		44		644		3,916
Provision (release)	9,075		292		2,284		(850)		3,943		370		3,308		18,422
Ending balance	$	56,795	$	9,787	$	48,989	$	8,348	$	15,374	$	5,463	$	52,734	$	197,490
Nine months ended September 30, 2024
Allowance for loan losses
Beginning balance	$	49,394	$	10,719	$	36,055	$	10,762	$	15,170	$	5,483	$	58,543	$	186,126
Charge-offs	(13,659)		(177)		(5,137)		—		(15,191)		(109)		(18,259)		(52,532)
Recoveries	5,983		209		183		—		2,086		176		1,884		10,521
Provision (release)	15,077		(964)		17,888		(2,414)		13,309		(87)		10,566		53,375
Ending balance	$	56,795	$	9,787	$	48,989	$	8,348	$	15,374	$	5,463	$	52,734	$	197,490
Period-end allowance allocated to:
Loans evaluated on an individual basis	$	8,529	$	—	$	—	$	—	$	—	$	—	$	—	$	8,529
Loans evaluated on a collective basis	48,266		9,787		48,989		8,348		15,374		5,463		52,734		188,961
Ending balance	$	56,795	$	9,787	$	48,989	$	8,348	$	15,374	$	5,463	$	52,734	$	197,490
Period-end loan balances:
Loans evaluated on an individual basis	$	64,972	$	6,465	$	7,449	$	3,308	$	—	$	8,442	$	2,981	$	93,617
Loans evaluated on a collective basis	2,574,294		1,997,257		4,141,600		802,549		645,421		929,152		2,135,098		13,225,371
Ending balance	$	2,639,266	$	2,003,722	$	4,149,049	$	805,857	$	645,421	$	937,594	$	2,138,079	$	13,318,988

(1)Period-end loan balance excludes reverse mortgages at fair value of $3.2 million.

(2)Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

The following tables show nonaccrual and past due loans presented at amortized cost at the date indicated:

	September 30, 2025
(Dollars in thousands)	30–89 Days Past Due and Still  Accruing			Greater  Than 90 Days Past Due and Still Accruing			Total Past Due And Still Accruing			Accruing Current Balances			Nonaccrual Loans With No Allowance			Nonaccrual Loans With An Allowance			Total Loans
Commercial and industrial(1)	$	3,252		$	1,169		$	4,421		$	2,605,889		$	14,842		$	—		$	2,625,152
Owner-occupied commercial	4,065			387			4,452			1,911,813			6,502			—			1,922,767
Commercial mortgages	7,477			1,586			9,063			3,843,763			3,145			—			3,855,971
Construction	—			—			—			974,605			2,621			26,760			1,003,986
Commercial small business leases	7,122			754			7,876			609,380			—			—			617,256
Residential(2)	4,533			189			4,722			1,023,729			4,892			—			1,033,343
Consumer(3)	9,061			10,210			19,271			1,874,467			3,040			—			1,896,778
Total	$	35,510		$	14,295		$	49,805		$	12,843,646		$	35,042		$	26,760		$	12,955,253
% of Total Loans	0.27		%	0.11		%	0.38		%	99.14		%	0.27		%	0.21		%	100		%

(1)Excludes $10.3 million of nonaccruing loans held for sale.

(2)Residential accruing current balances excludes reverse mortgages at fair value of $5.3 million.

(3)Includes $15.2 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss.

	December 31, 2024
(Dollars in thousands)	30–89 Days Past Due and Still  Accruing			Greater  Than 90 Days Past Due and Still Accruing			Total Past Due And Still Accruing			Accruing Current Balances			Nonaccrual Loans With No Allowance			Nonaccrual Loans With An Allowance			Total Loans
Commercial and industrial	$	1,482		$	488		$	1,970		$	2,592,395		$	43,206		$	18,603		$	2,656,174
Owner-occupied commercial	706			196			902			1,968,033			4,710			—			1,973,645
Commercial mortgages	2,621			562			3,183			4,005,221			22,223			—			4,030,627
Construction	—			—			—			806,493			25,600			—			832,093
Commercial small business leases	8,409			566			8,975			638,541			—			—			647,516
Residential(1)	4,262			15			4,277			952,138			5,011			—			961,426
Consumer(2)	18,086			7,375			25,461			2,058,104			2,828			—			2,086,393
Total	$	35,566		$	9,202		$	44,768		$	13,020,925		$	103,578		$	18,603		$	13,187,874
% of Total Loans	0.27		%	0.07		%	0.34		%	98.73		%	0.79		%	0.14		%	100		%

(1)Residential accruing current balances excludes reverse mortgages, at fair value of $3.6 million.

(2)Includes $15.6 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss.

The following table presents the amortized cost basis of nonaccruing collateral-dependent loans by class at September 30, 2025 and December 31, 2024:

	September 30, 2025				December 31, 2024
(Dollars in thousands)	Property		Equipment and other		Property		Equipment and other
Commercial and industrial(1)	$	6,788	$	8,054	$	41,105	$	20,704
Owner-occupied commercial	6,502		—		4,710		—
Commercial mortgages	3,145		—		22,223		—
Construction	29,381		—		25,600		—
Residential(2)	4,892		—		5,011		—
Consumer(3)	3,014		26		2,828		—
Total	$	53,722	$	8,080	$	101,477	$	20,704

(1)Excludes $10.3 million of nonaccruing loans held for sale.

(2)Excludes reverse mortgages at fair value.

(3)Includes home equity lines of credit.

As of September 30, 2025, there were 30 residential loans and 34 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $5.6 million and $43.0 million, respectively. As of December 31, 2024, there were 31 residential loans and 15 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $5.6 million and $6.6 million, respectively. Loan workout and other real estate owned (OREO) expenses (recoveries) were $1.1 million and $3.3 million during the three and nine months ended September 30, 2025, respectively, and $0.8 million and $0.7 million during three and nine months ended September 30, 2024, respectively. Loan workout and OREO expenses are included in Loan workout and other credit costs on the unaudited Consolidated Statements of Income.

Credit Quality Indicators

Below is a description of each of the risk ratings for all commercial loans:

•Pass. These borrowers currently show no indication of deterioration or potential problems and their loans are considered fully collectible.

•Special Mention. These borrowers have potential weaknesses that deserve management’s close attention. Borrowers in this category may be experiencing adverse operating trends, for example, declining revenues or margins, high leverage, tight liquidity, or increasing inventory without increasing sales. These adverse trends can have a potential negative effect on the borrower’s repayment capacity. These assets are not adversely classified and do not expose the Bank to significant risk that would warrant a more severe rating. Borrowers in this category may also be experiencing significant management problems, pending litigation, or other structural credit weaknesses.

•Substandard or Lower. These borrowers have well-defined weaknesses that require extensive oversight by management. Borrowers in this category may exhibit one or more of the following: inadequate debt service coverage, unprofitable operations, insufficient liquidity, high leverage, and weak or inadequate capitalization. Relationships in this category are not adequately protected by the sound financial worth and paying capacity of the obligor or the collateral pledged on the loan, if any. A distinct possibility exists that the Bank will sustain some loss if the deficiencies are not corrected. In addition, some borrowers in this category could have the added characteristic that the possibility of loss is extremely high. Current circumstances in the credit relationship make collection or liquidation in full highly questionable. Such impending events include: perfecting liens on additional collateral, obtaining collateral valuations, an acquisition or liquidation preceding, proposed merger, or refinancing plan.

Residential and Consumer Loans

The residential and consumer loan portfolios are monitored on an ongoing basis using delinquency information and loan type as credit quality indicators. These credit quality indicators are assessed in the aggregate in these relatively homogeneous portfolios. Loans that are greater than 90 days past due are generally considered nonperforming and placed on nonaccrual status.

The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses as of September 30, 2025.

	Term Loans Amortized Cost Basis by Origination Year(1)(2)
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial and industrial:
Risk Rating
Pass	$	512,106	$	599,556	$	376,825	$	249,644	$	75,397	$	320,403	$	7,889	$	277,683	$	2,419,503
Special mention	8,755		2,904		6,690		14,414		826		4,149		—		3,133		40,871
Substandard or Lower	52,491		30,376		8,716		6,432		3,539		31,392		25		31,807		164,778
	$	573,352	$	632,836	$	392,231	$	270,490	$	79,762	$	355,944	$	7,914	$	312,623	$	2,625,152
Current-period gross charge-offs	$	20	$	5,888	$	1,635	$	1,664	$	13,390	$	6,469	$	—	$	—	$	29,066
Owner-occupied commercial:
Risk Rating
Pass	$	185,776	$	247,043	$	255,409	$	182,827	$	191,648	$	468,775	$	—	$	266,597	$	1,798,075
Special mention	2,126		—		691		1,384		1,249		26,218		—		7,859		39,527
Substandard or Lower	2,989		5,712		15,975		10,612		9,522		30,843		—		9,512		85,165
	$	190,891	$	252,755	$	272,075	$	194,823	$	202,419	$	525,836	$	—	$	283,968	$	1,922,767
Current-period gross charge-offs	$	—	$	—	$	4	$	—	$	—	$	—	$	—	$	—	$	4
Commercial mortgages:
Risk Rating
Pass	$	381,971	$	408,112	$	556,056	$	348,303	$	365,412	$	1,025,437	$	—	$	569,406	$	3,654,697
Special mention	18,921		739		1,611		—		4,159		46,134		—		23,740		95,304
Substandard or Lower	15,417		8,529		2,602		15,303		1,518		51,883		—		10,718		105,970
	$	416,309	$	417,380	$	560,269	$	363,606	$	371,089	$	1,123,454	$	—	$	603,864	$	3,855,971
Current-period gross charge-offs	$	—	$	34	$	9	$	—	$	—	$	197	$	—	$	—	$	240
Construction:
Risk Rating
Pass	$	330,722	$	273,830	$	192,867	$	73,666	$	4,384	$	10,909	$	—	$	54,602	$	940,980
Special mention	—		—		—		—		—		—		—		—		—
Substandard or Lower	32,852		5,435		22,099		—		—		—		—		2,620		63,006
	$	363,574	$	279,265	$	214,966	$	73,666	$	4,384	$	10,909	$	—	$	57,222	$	1,003,986
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial small business leases:
Risk Rating
Performing	$	147,082	$	200,265	$	138,961	$	80,540	$	29,661	$	20,747	$	—	$	—	$	617,256
Nonperforming	—		—		—		—		—		—		—		—		—
	$	147,082	$	200,265	$	138,961	$	80,540	$	29,661	$	20,747	$	—	$	—	$	617,256
Current-period gross charge-offs	$	357	$	2,148	$	3,980	$	3,143	$	1,343	$	232	$	—	$	—	$	11,203
Residential(3):
Risk Rating
Performing	$	158,264	$	162,100	$	151,244	$	60,257	$	87,089	$	406,084	$	—	$	—	$	1,025,038
Nonperforming	—		—		116		—		3,453		4,736		—		—		8,305
	$	158,264	$	162,100	$	151,360	$	60,257	$	90,542	$	410,820	$	—	$	—	$	1,033,343
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer(4):
Risk Rating
Performing	$	49,579	$	229,171	$	247,427	$	338,060	$	90,955	$	260,397	$	668,228	$	9,937	$	1,893,754
Nonperforming	—		—		155		234		—		78		2,343		214		3,024
	$	49,579	$	229,171	$	247,582	$	338,294	$	90,955	$	260,475	$	670,571	$	10,151	$	1,896,778
Current-period gross charge-offs	$	9,212	$	558	$	1,758	$	3,647	$	1,082	$	731	$	—	$	—	$	16,988

(1)Origination date represents the most recent underwriting of the loan which includes new relationships, renewals and extensions.

(2)Excludes loans held for sale.

(3)Excludes reverse mortgages at fair value.

(4)Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

The following tables provide an analysis of loans by portfolio segment based on the credit quality indicators used to determine the allowance for credit losses as of December 31, 2024.

	Term Loans Amortized Cost Basis by Origination Year(1)(2)
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Commercial and industrial:
Risk Rating
Pass	$	662,723	$	542,655	$	345,370	$	126,173	$	155,137	$	309,445	$	8,744	$	252,524	$	2,402,771
Special mention	18,861		386		4,147		1,176		2,490		607		—		1,868		29,535
Substandard or Lower	68,282		28,707		19,960		4,587		21,589		29,785		27		50,931		223,868
	$	749,866	$	571,748	$	369,477	$	131,936	$	179,216	$	339,837	$	8,771	$	305,323	$	2,656,174
Current-period gross charge-offs	$	102	$	1,303	$	4,276	$	706	$	275	$	8,828	$	—	$	—	$	15,490
Owner-occupied commercial:
Risk Rating
Pass	$	285,146	$	296,339	$	224,797	$	225,086	$	168,368	$	404,515	$	—	$	238,356	$	1,842,607
Special mention	—		—		498		—		25,220		—		—		756		26,474
Substandard or Lower	3,501		9,044		21,913		8,885		4,807		41,044		—		15,370		104,564
	$	288,647	$	305,383	$	247,208	$	233,971	$	198,395	$	445,559	$	—	$	254,482	$	1,973,645
Current-period gross charge-offs	$	—	$	114	$	—	$	—	$	—	$	63	$	—	$	—	$	177
Commercial mortgages:
Risk Rating
Pass	$	546,404	$	740,711	$	396,458	$	414,546	$	379,637	$	858,744	$	—	$	506,394	$	3,842,894
Special mention	15,606		3,389		—		1,962		2,356		2,136		—		36,738		62,187
Substandard or Lower	43,572		23,996		16,328		2,077		20,880		18,165		—		528		125,546
	$	605,582	$	768,096	$	412,786	$	418,585	$	402,873	$	879,045	$	—	$	543,660	$	4,030,627
Current-period gross charge-offs	$	—	$	62	$	—	$	—	$	97	$	5,590	$	—	$	—	$	5,749
Construction:
Risk Rating
Pass	$	318,363	$	277,130	$	161,517	$	3,112	$	87	$	3,319	$	—	$	22,416	$	785,944
Special mention	—		—		—		—		—		—		—		—		—
Substandard or Lower	19,759		—		20,779		791		—		—		—		4,820		46,149
	$	338,122	$	277,130	$	182,296	$	3,903	$	87	$	3,319	$	—	$	27,236	$	832,093
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial small business leases:
Risk Rating
Performing	$	247,583	$	189,509	$	121,990	$	56,998	$	14,569	$	16,867	$	—	$	—	$	647,516
Nonperforming	—		—		—		—		—		—		—		—		—
	$	247,583	$	189,509	$	121,990	$	56,998	$	14,569	$	16,867	$	—	$	—	$	647,516
Current-period gross charge-offs	$	1,018	$	5,442	$	8,216	$	3,645	$	1,235	$	477	$	—	$	—	$	20,033
Residential(3):
Risk Rating
Performing	$	170,647	$	176,923	$	62,833	$	92,574	$	49,994	$	399,981	$	—	$	—	$	952,952
Nonperforming	—		120		360		3,468		983		3,543		—		—		8,474
	$	170,647	$	177,043	$	63,193	$	96,042	$	50,977	$	403,524	$	—	$	—	$	961,426
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	125	$	—	$	—	$	125
Consumer(4):
Risk Rating
Performing	$	282,465	$	350,605	$	446,701	$	116,890	$	85,633	$	229,340	$	564,839	$	7,124	$	2,083,597
Nonperforming	—		249		96		265		192		—		1,697		297		2,796
	$	282,465	$	350,854	$	446,797	$	117,155	$	85,825	$	229,340	$	566,536	$	7,421	$	2,086,393
Current-period gross charge-offs	$	1,282	$	3,942	$	13,955	$	2,837	$	863	$	670	$	—	$	—	$	23,549

(1)Origination date represents the most recent underwriting of the loan which includes new relationships, renewals and extensions.

(2)Excludes loans held for sale.

(3)Excludes reverse mortgages at fair value.

(4)Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

Troubled Loans

The Company offers loan modifications to commercial and consumer borrowers that may result in a term extension, payment delay, interest rate reduction, principal forgiveness, or combination thereof. Loan modifications are offered on a case-by-case basis and are generally term extension, payment delay, and interest rate reduction modification types. Forbearance (due to hardship) programs result in modification types including payment delay and/or term extension. In addition, certain reorganization bankruptcy judgments may result in interest rate reduction, term extension, or principal forgiveness modification types.

The following tables show the period-end amortized cost basis of troubled loans modified during the three and nine months ended September 30, 2025 and 2024, disaggregated by portfolio segment and type of modification granted:

	Three Months Ended September 30, 2025
(Dollars in thousands)	Term Extension		More-Than-Insignificant Payment Delay		Combination- Term Extension and Payment Delay		Total		% of Total Loan Category
Commercial and industrial	$	15,895	$	—	$	272	$	16,167	0.62	%
Owner-occupied commercial	484		—		3,011		3,495		0.18	%
Commercial mortgages	19,158		—		—		19,158		0.50	%
Construction	1,714		—		—		1,714		0.17	%
Consumer(1)	271		136		6		413		0.02	%
Total	$	37,522	$	136	$	3,289	$	40,947	0.32	%
	Nine Months Ended September 30, 2025
(Dollars in thousands)	Term Extension		More-Than-Insignificant Payment Delay		Combination- Term Extension and Payment Delay		Total		% of Total Loan Category
Commercial and industrial	$	18,235	$	2,500	$	302	$	21,037	0.80	%
Owner-occupied commercial	610		739		3,011		4,360		0.23	%
Commercial mortgages	50,410		—		6,570		56,980		1.48	%
Construction	28,474		—		—		28,474		2.84	%
Consumer(1)	273		327		399		999		0.05	%
Total	$	98,002	$	3,566	$	10,282	$	111,850	0.86	%

(1)Includes home equity lines of credit, installment loans and unsecured lines of credit.

	Three months ended September 30, 2024
(Dollars in thousands)	Term Extension		Interest Rate Reduction		More-Than-Insignificant Payment Delay		Combination- Term Extension and Payment Delay		Combination- Term Extension and Interest Rate Reduction		Total		% of Total Loan Category
Commercial and industrial	$	7,021	$	—	$	15,157	$	—	$	28	$	22,206	0.84	%
Commercial mortgages	14,557		—		—		—		—		14,557		0.35	%
Construction	18,120		—		—		—		—		18,120		2.25	%
Residential	—		121		25		—		—		146		0.02	%
Consumer(1)	307		—		879		1,234		—		2,420		0.11	%
Total	$	40,005	$	121	$	16,061	$	1,234	$	28	$	57,449	0.43	%
	Nine Months Ended September 30, 2024
(Dollars in thousands)	Term Extension		Interest Rate Reduction		More-Than-Insignificant Payment Delay		Combination- Term Extension and Payment Delay		Combination- Term Extension and Interest Rate Reduction		Total		% of Total Loan Category
Commercial and industrial	$	66,728	$	—	$	16,028	$	755	$	28	$	83,539	3.17	%
Commercial mortgages	14,557		—		—		—		—		14,557		0.35	%
Construction	21,294		—		—		—		—		21,294		2.64	%
Residential	—		121		25		—		—		146		0.02	%
Consumer(1)	717		—		1,897		3,406		—		6,020		0.28	%
Total	$	103,296	$	121	$	17,950	$	4,161	$	28	$	125,556	0.94	%

(1)Includes home equity lines of credit, installment loans and unsecured lines of credit.

The following table describes the financial effect of the modifications made to troubled loans during the three and nine months ended September 30, 2025 and 2024:

	Three Months Ended September 30, 2025		Nine Months Ended September 30, 2025
	Term Extension(1)	More-Than-Insignificant Payment Delay(2)	Term Extension(1)	More-Than-Insignificant Payment Delay(2)
Commercial and industrial	1.88	—%	1.77	0.02%
Owner-occupied commercial	0.81	0.02	0.82	0.03
Commercial mortgages	1.18	—	0.80	0.05
Construction	0.49	—	0.87	—
Consumer	3.68	—	1.81	0.01

	Three Months Ended September 30, 2024			Nine Months Ended September 30, 2024
	Term Extension(1)	Interest Rate Reduction(3)	More-Than-Insignificant Payment Delay(2)	Term Extension(1)	Interest Rate Reduction(3)	More-Than-Insignificant Payment Delay(2)
Commercial and industrial	0.31	6.11%	0.11%	0.90	6.11%	0.13%
Commercial mortgages	0.45	—	—	0.45	—	—
Construction	0.17	—	—	0.37	—	—
Residential	0	4.25	—	0	4.25	—
Consumer	0.49	—	0.02	0.48	—	0.04

(1)Represents the weighted-average increase in the life of modified loans measured in years, which reduces monthly payment amounts for borrowers.

(2)Represents the percentage of loans deferred over the total loan portfolio excluding reverse mortgages at fair value.

(3)Represents the weighted-average decrease in the contractual interest rate on the modified loans.

As of September 30, 2025 and December 31, 2024, the Company had commitments to extend credit of $4.0 million and $18.6 million, respectively, to borrowers experiencing financial difficulty whose terms had been modified.

Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.

The following tables show the amortized cost of loans that received a modification that had a payment default during the three and nine months ended September 30, 2025 and 2024 and were modified in the 12 months before default to borrowers experiencing financial difficulty.

	Three Months Ended September 30, 2025
	Term Extension		Combination Term Extension & Payment Delay		Total
Commercial and industrial	$	—	$	301	$	301
Total	$	—	$	301	$	301
	Nine Months Ended September 30, 2025
	Term Extension		Combination Term Extension & Payment Delay		Total
Commercial and industrial	$	—	$	301	$	301
Commercial mortgages	5,435		—		5,435
Total	$	5,435	$	301	$	5,736

	Three Months Ended September 30, 2024
	Term Extension		Interest Rate Reduction		More-Than-Insignificant Payment Delay		Total
Commercial and industrial	$	19,176	$	—	$	14,997	$	34,173
Residential	—		121		—		121
Consumer	—		—		96		96
Total	$	19,176	$	121	$	15,093	$	34,390
	Nine Months Ended September 30, 2024
	Term Extension		Interest Rate Reduction		More-Than-Insignificant Payment Delay		Total
Commercial and industrial	$	34,341	$	—	$	14,997	$	49,338
Residential	—		121		—		121
Consumer	—		—		96		96
Total	$	34,341	$	121	$	15,093	$	49,555

The Company closely monitors the performance of troubled loans to understand the effectiveness of its modification efforts. The following tables show the performance of loans that have been modified in the last 12 months as of September 30, 2025 and 2024:

	September 30, 2025
(Dollars in thousands)	30-89 Days Past Due and Still Accruing		90+ Days Past Due and Still Accruing		Accruing Current Balances		Nonaccrual Loans		Total
Commercial and industrial(1)	$	—	$	—	$	32,097	$	3,363	$	35,460
Owner-occupied commercial	—		—		2,197		2,163		4,360
Commercial mortgages	6,570		—		50,929		—		57,499
Construction	—		—		21,355		26,760		48,115
Consumer(2)	1		—		916		106		1,023
Total	$	6,571	$	—	$	107,494	$	32,392	$	146,457

(1)Excludes $10.3 million of troubled loans held for sale.

(2)Includes home equity lines of credit, installment loans and unsecured lines of credit.

	September 30, 2024
	30-89 Days Past Due and Still Accruing		90+ Days Past Due and Still Accruing		Accruing Current Balances		Nonaccrual Loans		Total
Commercial and industrial	$	—	$	—	$	63,410	$	44,121	$	107,531
Commercial mortgages	—		—		30,001		—		30,001
Construction	—		—		21,294		—		21,294
Residential	—		—		—		309		309
Consumer(1)	908		382		6,147		182		7,619
Total	$	908	$	382	$	120,852	$	44,612	$	166,754

(1)Includes home equity lines of credit, installment loans and unsecured lines of credit.

Allowance for Credit Losses Related to Other Accounts Receivable

The Company determines the allowance for other accounts receivable (e.g. fee-related receivables) considering historical loss information and other available indicators. In certain cases where there are no historical or current indicators of an expected credit loss, we may estimate the reserve to be close to zero. The allowance for credit losses related to other accounts receivable was $2.3 million as of September 30, 2025.