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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION
 9 Months Ended
Sep. 30, 2024
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 allowance for credit losses and loan balances for the three and nine months ended September 30, 2024 and 2023. For the three months ended September 30, 2024, the decrease was primarily due to runoff in our consumer loan portfolio from our partnership with Upstart. For the nine months ended September 30, 2024, the increase was primarily due to net loan growth, as well as increases in criticized loan levels in the commercial mortgages portfolio and specific reserves on certain commercial loans.
(Dollars in thousands)
Commercial and Industrial
Owner-occupied
Commercial		Commercial
Mortgages		ConstructionCommercial 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)
Recoveries2,481 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 credit 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)
Recoveries5,983 209 183 — 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 basis48,266 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 basis2,574,294 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.
(Dollars in thousands)Commercial and IndustrialOwner -
occupied
Commercial		Commercial
Mortgages		ConstructionCommercial Small Business Leases
Residential(1)
Consumer(2)
Total
Three months ended September 30, 2023
Allowance for credit losses
Beginning balance$52,400 $6,335 $31,937 $9,228 $10,383 $5,043 $56,543 $171,869 
Charge-offs(7,153)— (300)— (3,522)— (5,872)(16,847)
Recoveries1,640 14 1 1 484 55 357 2,552 
Provision4,791 1,501 1,549 2,088 2,647 253 5,585 18,414 
Ending balance$51,678 $7,850 $33,187 $11,317 $9,992 $5,351 $56,613 $175,988 
Nine months ended September 30, 2023
Allowance for loan losses
Beginning balance$49,526 $6,019 $21,473 $6,987 $9,868 $4,668 $53,320 $151,861 
Charge-offs(20,169)(184)(300)— (10,327)(33)(15,374)(46,387)
Recoveries4,155 50 4 532 1,399 211 906 7,257 
Provision18,166 1,965 12,010 3,798 9,052 505 17,761 63,257 
Ending balance$51,678 $7,850 $33,187 $11,317 $9,992 $5,351 $56,613 $175,988 
Period-end allowance allocated to:
Loans evaluated on an individual basis$1,054 $161 $— $1,600 $— $— $— $2,815 
Loans evaluated on a collective basis50,624 7,689 33,187 9,717 9,992 5,351 56,613 173,173 
Ending balance$51,678 $7,850 $33,187 $11,317 $9,992 $5,351 $56,613 $175,988 
Period-end loan balances:
Loans evaluated on an individual basis$26,355 $16,442 $7,918 $4,828 $— $5,838 $1,798 $63,179 
Loans evaluated on a collective basis2,617,684 1,907,729 3,637,805 1,038,740 605,698 849,502 1,955,284 12,612,442 
Ending balance
$2,644,039 $1,924,171 $3,645,723 $1,043,568 $605,698 $855,340 $1,957,082 $12,675,621 
(1)Period-end loan balance excludes reverse mortgages at fair value of $2.8 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, 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 AllowanceNonaccrual
Loans With An Allowance		Total
Loans
Commercial and industrial
$2,175 $867 $3,042 $2,571,285 $41,095 $23,844 $2,639,266 
Owner-occupied commercial1,719 593 2,312 1,995,256 6,154 — 2,003,722 
Commercial mortgages7,879 21,835 29,714 4,111,886 7,449 — 4,149,049 
Construction22,979 — 22,979 779,570 3,308 — 805,857 
Commercial small business leases9,237 650 9,887 635,534 — — 645,421 
Residential(1)
5,406 15 5,421 927,074 5,099 — 937,594 
Consumer(2)
15,910 7,754 23,664 2,111,325 3,090 — 2,138,079 
Total
$65,305 $31,714 $97,019 $13,131,930 $66,195 $23,844 $13,318,988 
% of Total Loans0.49 %0.24 %0.73 %98.59 %0.50 %0.18 %100 %
(1)Residential accruing current balances excludes reverse mortgages at fair value of $3.2 million.
(2)Includes $14.2 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss.
December 31, 2023
(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(1)
Nonaccrual
Loans With An Allowance		Total
Loans
Commercial and industrial$1,630 $293 $1,923 $2,518,934 $13,645 $5,568 $2,540,070 
Owner-occupied commercial1,786 487 2,273 1,878,952 4,862 — 1,886,087 
Commercial mortgages1,190 — 1,190 3,777,698 22,292 — 3,801,180 
Construction— — — 1,022,913 12,617 — 1,035,530 
Commercial small business leases6,697 772 7,469 616,153 — — 623,622 
Residential(2)
9,261 — 9,261 856,055 2,579 — 867,895 
Consumer(3)
15,249 10,032 25,281 1,984,407 2,446 — 2,012,134 
Total
$35,813 $11,584 $47,397 $12,655,112 $58,441 $5,568 $12,766,518 
% of Total Loans0.28 %0.09 %0.37 %99.13 %0.46 %0.04 %100 %
(1)Excludes nonaccruing loans held-for-sale.
(2)Residential accruing current balances excludes reverse mortgages, at fair value of $2.8 million.
(3)Includes $14.5 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, 2024 and December 31, 2023:
September 30, 2024December 31, 2023
(Dollars in thousands)Property
Equipment and other
Property
Equipment and other
Commercial and industrial(1)
$42,532 $22,407 $17,230 $1,983 
Owner-occupied commercial6,154 — 4,862 — 
Commercial mortgages7,449 — 22,292 — 
Construction3,308 — 12,617 — 
Residential(2)
5,099 — 2,579 — 
Consumer(3)
3,090 — 2,446 — 
Total$67,632 $22,407 $62,026 $1,983 
(1)Excludes nonaccruing loans held-for-sale in 2023.
(2)Excludes reverse mortgages at fair value.
(3)Includes home equity lines of credit.
As of September 30, 2024, there were 36 residential loans and 19 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $6.0 million and $8.9 million, respectively. As of December 31, 2023, there were 31 residential loans and 9 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $3.2 million and $1.1 million, respectively. Loan workout and other real estate owned (OREO) expenses (recoveries) were $0.8 million and $0.7 million during the three and nine months ended September 30, 2024, respectively, and $(0.3) million and less than $0.1 million during three and nine months ended September 30, 2023, 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, 2024.
Term Loans Amortized Cost Basis by Origination Year(1)
(Dollars in thousands)20242023202220212020PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Commercial and industrial:
Risk Rating
Pass$472,797 $662,751 $383,695 $135,462 $162,191 $298,797 $9,775 $242,784 $2,368,252 
Special mention17,659 3,913 4,979 2,744 2,670 1,195 — 15,899 49,059 
Substandard or Lower71,171 41,898 29,621 5,987 4,896 38,620 70 29,692 221,955 
$561,627 $708,562 $418,295 $144,193 $169,757 $338,612 $9,845 $288,375 $2,639,266 
Current-period gross writeoffs$— $1,081 $3,782 $585 $275 $7,936 $— $— $13,659 
Owner-occupied commercial:
Risk Rating
Pass$222,614 $313,975 $211,697 $230,312 $171,898 $430,446 $— $252,832 $1,833,774 
Special mention10,530 1,948 20,157 1,300 25,677 5,324 — 2,310 67,246 
Substandard or Lower— 5,183 23,193 10,720 5,319 46,546 — 11,741 102,702 
$233,144 $321,106 $255,047 $242,332 $202,894 $482,316 $— $266,883 $2,003,722 
Current-period gross writeoffs$— $114 $— $— $— $63 $— $— $177 
Commercial mortgages:
Risk Rating
Pass$448,085 $747,896 $524,510 $437,941 $407,068 $917,704 $— $465,513 $3,948,717 
Special mention3,946 18,781 16,100 5,743 2,655 2,309 — 36,825 86,359 
Substandard or Lower32,205 28,132 930 130 25,105 26,739 — 732 113,973 
$484,236 $794,809 $541,540 $443,814 $434,828 $946,752 $— $503,070 $4,149,049 
Current-period gross writeoffs$— $62 $— $— $97 $4,978 $— $— $5,137 
Construction:
Risk Rating
Pass$247,244 $289,273 $173,141 $7,798 $88 $2,241 $— $29,014 $748,799 
Special mention2,200 — 3,400 — — — — — 5,600 
Substandard or Lower1,743 24,809 20,779 3,439 — 142 — 546 51,458 
$251,187 $314,082 $197,320 $11,237 $88 $2,383 $— $29,560 $805,857 
Current-period gross writeoffs$— $— $— $— $— $— $— $— $— 
Commercial small business leases:
Risk Rating
Performing$193,681 $207,734 $138,351 $67,168 $20,199 $18,288 $— $— $645,421 
Nonperforming— — — — — — — — — 
$193,681 $207,734 $138,351 $67,168 $20,199 $18,288 $— $— $645,421 
Current-period gross writeoffs$409 $3,903 $6,391 $2,965 $1,069 $454 $— $— $15,191 
Residential(2):
Risk Rating
Performing$124,092 $181,135 $63,356 $93,860 $51,527 $415,006 $— $— $928,976 
Nonperforming— 121 362 3,473 857 3,805 — — 8,618 
$124,092 $181,256 $63,718 $97,333 $52,384 $418,811 $— $— $937,594 
Current-period gross writeoffs$— $— $— $— $— $109 $— $— $109 
Consumer(3):
Risk Rating
Performing$247,462 $377,635 $475,078 $125,151 $89,903 $273,693 $540,062 $6,114 $2,135,098 
Nonperforming— 249 96 267 196 27 1,843 303 2,981 
$247,462 $377,884 $475,174 $125,418 $90,099 $273,720 $541,905 $6,417 $2,138,079 
Current-period gross writeoffs$891 $2,575 $11,318 $2,241 $785 $449 $— $— $18,259 
(1)Origination date represents the most recent underwriting of the loan which includes new relationships, renewals and extensions.
(2)Excludes reverse mortgages at fair value.
(3)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, 2023.
Term Loans Amortized Cost Basis by Origination Year(1)
(Dollars in thousands)20232022202120202019
Prior
Revolving loans amortized cost basisRevolving loans converted to termTotal
Commercial and industrial:
Risk Rating
Pass$716,848 $490,934 $180,343 $211,151 $90,522 $383,609 $8,785 $237,786 $2,319,978 
Special mention7,209 11,860 2,804 463 735 743 — 1,649 25,463 
Substandard or Lower72,993 54,024 5,951 10,224 22,046 17,906 — 11,485 194,629 
$797,050 $556,818 $189,098 $221,838 $113,303 $402,258 $8,785 $250,920 $2,540,070 
Current-period gross writeoffs$— $568 $5,214 $1,747 $7,567 $11,557 $— $— $26,653 
Owner-occupied commercial:
Risk Rating
Pass$346,908 $264,895 $251,262 $212,365 $194,153 $313,801 $— $178,150 $1,761,534 
Special mention2,885 3,115 5,419 1,105 11,002 5,559 — 1,393 30,478 
Substandard or Lower996 18,865 11,109 6,787 8,019 35,330 — 12,969 94,075 
$350,789 $286,875 $267,790 $220,257 $213,174 $354,690 $— $192,512 $1,886,087 
Current-period gross writeoffs$— $— $— $— $184 $— $— $— $184 
Commercial mortgages:
Risk Rating
Pass$847,137 $464,895 $526,280 $465,354 $486,855 $619,448 $— $290,083 $3,700,052 
Special mention20,632 — 67 1,837 10,666 — — — 33,202 
Substandard or Lower9,862 1,153 1,047 13,837 14,352 12,212 — 15,463 67,926 
$877,631 $466,048 $527,394 $481,028 $511,873 $631,660 $— $305,546 $3,801,180 
Current-period gross writeoffs$— $83 $— $217 $— $— $— $— $300 
Construction:
Risk Rating
Pass$429,055 $319,958 $111,333 $3,030 $388 $7,016 $— $87,741 $958,521 
Special mention28,718 19,769 8,227 — — — — — 56,714 
Substandard or Lower5,698 — 3,308 8,598 2,134 — — 557 20,295 
$463,471 $339,727 $122,868 $11,628 $2,522 $7,016 $— $88,298 $1,035,530 
Current-period gross writeoffs$— $— $794 $— $— $— $— $— $794 
Commercial small business leases:
Risk Rating
Performing$260,348 $191,746 $103,428 $40,697 $15,411 $11,992 $— $— $623,622 
Nonperforming— — — — — — — — — 
$260,348 $191,746 $103,428 $40,697 $15,411 $11,992 $— $— $623,622 
Current-period gross writeoffs$1,528 $7,250 $4,447 $1,454 $735 $227 $— $— $15,641 
Residential(2):
Risk Rating
Performing$188,644 $67,358 $102,982 $57,273 $33,499 $412,099 $— $— $861,855 
Nonperforming— 170 713 486 1,251 3,420 — — 6,040 
$188,644 $67,528 $103,695 $57,759 $34,750 $415,519 $— $— $867,895 
Current-period gross writeoffs$33 $— $— $— $— $8 $— $— $41 
Consumer(3):
Risk Rating
Performing$391,580 $568,919 $153,930 $104,248 $44,996 $245,849 $494,663 $5,662 $2,009,847 
Nonperforming— — 135 352 176 30 1,362 232 2,287 
$391,580 $568,919 $154,065 $104,600 $45,172 $245,879 $496,025 $5,894 $2,012,134 
Current-period gross writeoffs$1,790 $15,227 $4,411 $313 $198 $455 $— $— $22,394 
(1)Origination date represents the most recent underwriting of the loan which includes new relationships, renewals and extensions.
(2)Excludes reverse mortgages at fair value.
(3)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 payment delay, interest rate reduction, term extension, 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, 2024 and 2023, disaggregated by portfolio segment and type of modification granted:
Three Months Ended September 30, 2024
(Dollars in thousands)Term ExtensionInterest Rate ReductionMore-Than-Insignificant Payment DelayCombination- Term Extension and Payment DelayCombination- Term Extension and Interest Rate ReductionTotal% of Total Loan Category
Commercial and industrial$7,021 $— $15,157 $— $28 $22,206 0.84 %
Commercial mortgages14,557 — — — — 14,557 0.35 %
Construction18,120 — — — — 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 ExtensionInterest Rate ReductionMore-Than-Insignificant Payment DelayCombination- Term Extension and Payment DelayCombination- Term Extension and Interest Rate ReductionTotal% of Total Loan Category
Commercial and industrial$66,728 $— $16,028 $755 $28 $83,539 3.17 %
Commercial mortgages14,557 — — — — 14,557 0.35 %
Construction21,294 — — — — 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.
Three months ended September 30, 2023
(Dollars in thousands)Term ExtensionMore-Than-Insignificant Payment DelayCombination- Term Extension and Payment DelayCombination- Term Extension and Interest Rate ReductionCombination - Payment Delay and Interest Rate ReductionTotal% of Total Loan Category
Commercial and industrial$23,972 $1,193 $— $31 $— $25,196 0.95 %
Owner-occupied commercial67 — — — — 67 — %
Construction9,194 — — — — 9,194 0.88 %
Residential563 50 — — — 613 0.07 %
Consumer(1)
392 1,687 3,291 — 300 5,670 0.29 %
Total$34,188 $2,930 $3,291 $31 $300 $40,740 0.32 %
Nine Months Ended September 30, 2023
(Dollars in thousands)Term ExtensionMore-Than-Insignificant Payment DelayCombination- Term Extension and Payment DelayCombination- Term Extension and Interest Rate ReductionCombination - Payment Delay and Interest Rate ReductionTotal% of Total Loan Category
Commercial and industrial$36,683 $1,193 $10,163 $31 $— $48,070 1.48 %
Owner-occupied commercial— — 1,062 209 — 1,271 0.07 %
Commercial mortgages9,427 — — — — 9,427 0.26 %
Construction9,194 — — — — 9,194 0.88 %
Residential563 50 — — — 613 0.07 %
Consumer(1)
1,102 2,704 5,154 157 494 9,611 0.49 %
Total$56,969 $3,947 $16,379 $397 $494 $78,186 0.62 %
(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, 2024 and 2023:
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
Term Extension(1)
Interest Rate Reduction(2)
More-Than-Insignificant Payment Delay(3)
Term Extension(1)
Interest Rate Reduction(2)
More-Than-Insignificant Payment Delay(3)
Commercial and industrial0.316.11%0.11%0.906.11%0.13%
Commercial mortgages0.45——0.45——
Construction0.17——0.37——
Residential—4.25——4.25—
Consumer0.49—0.020.48—0.04
Three Months Ended September 30, 2023Nine Months Ended September 30, 2023
Term Extension(1)
Interest Rate Reduction(2)
More-Than-Insignificant Payment Delay(3)
Term Extension(1)
Interest Rate Reduction(2)
More-Than-Insignificant Payment Delay(3)
Commercial and industrial1.804.00%0.09%1.554.00%0.09%
Owner-occupied commercial0.92——1.272.580.01
Commercial mortgages———1.33——
Construction0.27——0.27——
Residential20.18——20.18——
Consumer0.394.000.043.073.270.07
(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 weighted-average decrease in the contractual interest rate on the modified loans.
(3)Represents the percentage of loans deferred over the total loan portfolio excluding reverse mortgages at fair value.
As of September 30, 2024 and December 31, 2023, the Company had commitments to extend credit of $26.0 million and $18.4 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 written 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, 2024 and 2023 and were modified in the 12 months before default to borrowers experiencing financial difficulty.
Three Months Ended September 30, 2024
Term ExtensionInterest Rate ReductionMore-Than-Insignificant Payment DelayTotal
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 ExtensionInterest Rate ReductionMore-Than-Insignificant Payment DelayTotal
Commercial and industrial$34,341 $— $14,997 $49,338 
Residential— 121 — 121 
Consumer— — 96 96 
Total$34,341 $121 $15,093 $49,555 
Three Months Ended September 30, 2023
Term ExtensionMore-Than-Insignificant Payment DelayCombination Term Extension & Payment DelayTotal
Commercial and industrial$707 $— $10,163 $10,870 
Owner-occupied commercial— — 1,062 1,062 
Consumer$— $101 $— $101 
Total$707 $101 $— $12,033 
Nine Months Ended September 30, 2023
Term ExtensionMore-Than-Insignificant Payment DelayCombination Term Extension & Payment DelayTotal
Commercial and industrial$707 $— $10,163 $10,870 
Owner-occupied commercial— — 1,062 1,062 
Consumer— 101 — 101 
Total$707 $101 $11,225 $12,033 
The Company closely monitors the performance of troubled loans to understand the effectiveness of its modification efforts. The following tables show the performance of loans that have been modified in the last 12 months as of September 30, 2024 and 2023:
September 30, 2024
(Dollars in thousands)30-89 Days Past Due and Still Accruing90+ Days Past Due and Still AccruingAccruing Current BalancesNonaccrual LoansTotal
Commercial and industrial$— $— $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.

September 30, 2023
30-89 Days Past Due and Still Accruing90+ Days Past Due and Still AccruingAccruing Current BalancesNonaccrual LoansTotal
Commercial and industrial$428 $— $36,299 $11,343 $48,070 
Owner-occupied commercial— — — 1,271 1,271 
Commercial mortgages— — 9,427 — 9,427 
Construction8,285 — 909 — 9,194 
Residential— — 613 — 613 
Consumer(1)
727 207 8,277 400 9,611 
Total$9,440 $207 $55,525 $13,014 $78,186 
(1)Includes home equity lines of credit, installment loans and unsecured lines of credit.