ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY INFORMATION

6 Months Ended

Jun. 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 six months ended June 30, 2025 and 2024:

	Three months ended June 30, 2025								Six months ended June 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	$	187,515	$	6	$	567	$	188,088	$	195,281	$	7	$	—	$	195,288
Charge-offs	(8,566)		—		(1,821)		(10,387)		(35,667)		—		(1,821)		(37,488)
Recoveries	7,454		—		—		7,454		10,005		—		—		10,005
Charge-offs arising from transfer of loans to held for sale	(8,655)		—		—		(8,655)		(8,655)		—		—		(8,655)
Provision (release)	8,556		—		4,065		12,621		25,340		(1)		4,632		29,971
Ending balance	$	186,304	$	6	$	2,811	$	189,121	$	186,304	$	6	$	2,811	$	189,121
	Three months ended June 30, 2024								Six months ended June 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	$	192,629	$	8	$	—	$	192,637	$	186,126	$	8	$	—	$	186,134
Charge-offs	(17,572)		—		—		(17,572)		(29,431)		—		—		(29,431)
Recoveries	3,381		—		—		3,381		6,605		—		—		6,605
Provision (release)	19,815		(1)		—		19,814		34,953		(1)		—		34,952
Ending balance	$	198,253	$	7	$	—	$	198,260	$	198,253	$	7	$	—	$	198,260

(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 six months ended June 30, 2025 and 2024. For the three and six months ended June 30, 2025, the decrease was primarily due to the charge-off of a specific reserve on a commercial and industrial loan and the transfer of the majority of the Upstart portfolio to loans held for 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 June 30, 2025
Allowance for credit losses
Beginning balance	$	50,736	$	8,410	$	49,792	$	9,691	$	17,109	$	5,697	$	46,080	$	187,515
Charge-offs	(1,280)		—		(197)		—		(4,376)		—		(2,713)		(8,566)
Recoveries	1,865		5		2		—		714		50		4,818		7,454
Charge-offs arising from transfer of loans to held for sale	(552)		—		—		—		—		—		(8,103)		(8,655)
Provision (release)	1,352		169		5,178		1,005		4,854		68		(4,070)		8,556
Ending balance	$	52,121	$	8,584	$	54,775	$	10,696	$	18,301	$	5,815	$	36,012	$	186,304
Six months ended June 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	(21,151)		—		(197)		—		(7,343)		—		(6,976)		(35,667)
Recoveries	2,444		12		527		—		1,333		97		5,592		10,005
Charge-offs arising from transfer of loans to held for sale	(552)		—		—		—		—		—		(8,103)		(8,655)
Provision (release)	14,249		(567)		5,483		1,511		8,346		152		(3,834)		25,340
Ending balance	$	52,121	$	8,584	$	54,775	$	10,696	$	18,301	$	5,815	$	36,012	$	186,304
Period-end allowance allocated to:
Loans evaluated on an individual basis	$	—	$	—	$	5,125	$	1,169	$	—	$	—	$	—	$	6,294
Loans evaluated on a collective basis	52,121		8,584		49,650		9,527		18,301		5,815		36,012		180,010
Ending balance	$	52,121	$	8,584	$	54,775	$	10,696	$	18,301	$	5,815	$	36,012	$	186,304
Period-end loan balances:
Loans evaluated on an individual basis	$	27,551	$	6,311	$	24,115	$	28,505	$	—	$	7,665	$	3,456	$	97,603
Loans evaluated on a collective basis	2,716,841		1,941,283		3,887,422		829,126		630,127		968,797		1,918,347		12,891,943
Ending balance	$	2,744,392	$	1,947,594	$	3,911,537	$	857,631	$	630,127	$	976,462	$	1,921,803	$	12,989,546

(1)Period-end loan balance excludes reverse mortgages at fair value of $4.7 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 June 30, 2024
Allowance for credit losses
Beginning balance	$	55,902	$	10,569	$	36,797	$	10,959	$	15,459	$	5,407	$	57,536	$	192,629
Charge-offs	(1,906)		—		(4,907)		—		(4,888)		(51)		(5,820)		(17,572)
Recoveries	1,736		4		102		—		831		43		665		3,381
Provision (release)	784		(905)		14,839		(1,761)		4,816		(342)		2,384		19,815
Ending balance	$	56,516	$	9,668	$	46,831	$	9,198	$	16,218	$	5,057	$	54,765	$	198,253
Six months ended June 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	(2,382)		—		(4,932)		—		(9,740)		(101)		(12,276)		(29,431)
Recoveries	3,502		205		104		—		1,422		132		1,240		6,605
Provision (release)	6,002		(1,256)		15,604		(1,564)		9,366		(457)		7,258		34,953
Ending balance	$	56,516	$	9,668	$	46,831	$	9,198	$	16,218	$	5,057	$	54,765	$	198,253
Period-end allowance allocated to:
Loans evaluated on an individual basis	$	8,055	$	—	$	—	$	—	$	—	$	—	$	—	$	8,055
Loans evaluated on a collective basis	48,461		9,668		46,831		9,198		16,218		5,057		54,765		190,198
Ending balance	$	56,516	$	9,668	$	46,831	$	9,198	$	16,218	$	5,057	$	54,765	$	198,253
Period-end loan balances:
Loans evaluated on an individual basis	$	39,217	$	4,260	$	8,991	$	3,887	$	—	$	8,300	$	2,838	$	67,493
Loans evaluated on a collective basis	2,599,935		1,936,417		4,025,827		875,330		643,520		889,273		2,103,595		13,073,897
Ending balance	$	2,639,152	$	1,940,677	$	4,034,818	$	879,217	$	643,520	$	897,573	$	2,106,433	$	13,141,390

(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:

	June 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)	$	11,014		$	2,572		$	13,586		$	2,703,249		$	27,557		$	—		$	2,744,392
Owner-occupied commercial	6,617			6,786			13,403			1,928,049			6,142			—			1,947,594
Commercial mortgages	3,479			993			4,472			3,882,950			2,790			21,325			3,911,537
Construction	1,715			—			1,715			827,411			23,070			5,435			857,631
Commercial small business leases	9,086			—			9,086			621,041			—			—			630,127
Residential(2)	4,546			75			4,621			967,303			4,538			—			976,462
Consumer(3)(4)	8,892			11,789			20,681			1,897,662			3,460			—			1,921,803
Total	$	45,349		$	22,215		$	67,564		$	12,827,665		$	67,557		$	26,760		$	12,989,546
% of Total Loans	0.35		%	0.17		%	0.52		%	98.75		%	0.52		%	0.21		%	100		%

(1)Excludes $10.9 million of nonaccruing loans held for sale.

(2)Residential accruing current balances excludes reverse mortgages at fair value of $4.7 million.

(3)Includes $17.2 million of delinquent, but still accruing, U.S. government-guaranteed student loans that carry little risk of credit loss.

(4)Excludes $3.1 million of delinquent, but still accruing, loans held for sale.

	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 June 30, 2025 and December 31, 2024:

	June 30, 2025				December 31, 2024
(Dollars in thousands)	Property		Equipment and other		Property		Equipment and other
Commercial and industrial(1)	$	20,593	$	6,964	$	41,105	$	20,704
Owner-occupied commercial	6,142		—		4,710		—
Commercial mortgages	24,115		—		22,223		—
Construction	28,505		—		25,600		—
Residential(2)	4,538		—		5,011		—
Consumer(3)	3,433		27		2,828		—
Total	$	87,326	$	6,991	$	101,477	$	20,704

(1)Excludes $10.9 million of nonaccruing loans held for sale.

(2)Excludes reverse mortgages at fair value.

(3)Includes home equity lines of credit.

As of June 30, 2025, there were 33 residential loans and 16 commercial loans in the process of foreclosure. The total outstanding balance on these loans was $6.6 million and $34.6 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 $1.4 million and $2.1 million during the three and six months ended June 30, 2025, respectively, and $0.3 million and $(0.1) million during three and six months ended June 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 June 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	$	368,699	$	644,157	$	434,021	$	301,198	$	94,556	$	393,033	$	8,454	$	276,672	$	2,520,790
Special mention	1,133		14,425		9,415		12,112		—		8,465		—		3,146		48,696
Substandard or Lower	30,945		36,440		21,711		8,298		4,156		39,019		25		34,312		174,906
	$	400,777	$	695,022	$	465,147	$	321,608	$	98,712	$	440,517	$	8,479	$	314,130	$	2,744,392
Current-period gross charge-offs	$	—	$	5,567	$	738	$	770	$	12,734	$	1,894	$	—	$	—	$	21,703
Owner-occupied commercial:
Risk Rating
Pass	$	109,407	$	261,871	$	262,405	$	196,387	$	205,847	$	511,145	$	—	$	267,894	$	1,814,956
Special mention	198		—		4,200		1,889		1,262		28,632		—		991		37,172
Substandard or Lower	350		7,350		12,650		18,483		8,577		37,550		—		10,506		95,466
	$	109,955	$	269,221	$	279,255	$	216,759	$	215,686	$	577,327	$	—	$	279,391	$	1,947,594
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial mortgages:
Risk Rating
Pass	$	267,641	$	416,875	$	574,882	$	360,592	$	365,541	$	1,091,651	$	—	$	607,469	$	3,684,651
Special mention	22,462		4,089		—		—		1,275		50,547		—		23,776		102,149
Substandard or Lower	4,570		13,591		23,938		15,391		1,842		54,778		—		10,627		124,737
	$	294,673	$	434,555	$	598,820	$	375,983	$	368,658	$	1,196,976	$	—	$	641,872	$	3,911,537
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	197	$	—	$	—	$	197
Construction:
Risk Rating
Pass	$	146,851	$	266,529	$	243,459	$	93,725	$	3,766	$	19,712	$	—	$	21,087	$	795,129
Special mention	—		—		—		—		—		—		—		—		—
Substandard or Lower	42		28,397		674		30,035		734		—		—		2,620		62,502
	$	146,893	$	294,926	$	244,133	$	123,760	$	4,500	$	19,712	$	—	$	23,707	$	857,631
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial small business leases:
Risk Rating
Performing	$	102,553	$	217,154	$	155,356	$	93,459	$	38,169	$	23,436	$	—	$	—	$	630,127
Nonperforming	—		—		—		—		—		—		—		—		—
	$	102,553	$	217,154	$	155,356	$	93,459	$	38,169	$	23,436	$	—	$	—	$	630,127
Current-period gross charge-offs	$	111	$	1,481	$	2,496	$	2,165	$	905	$	185	$	—	$	—	$	7,343
Residential(3):
Risk Rating
Performing	$	64,461	$	168,819	$	157,461	$	61,909	$	88,674	$	427,316	$	—	$	—	$	968,640
Nonperforming	—		—		117		—		3,457		4,248		—		—		7,822
	$	64,461	$	168,819	$	157,578	$	61,909	$	92,131	$	431,564	$	—	$	—	$	976,462
Current-period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer(4):
Risk Rating
Performing	$	28,507	$	244,584	$	267,396	$	354,300	$	95,612	$	289,430	$	630,422	$	275	$	1,910,526
Nonperforming	—		—		—		235		153		236		2,582		8,071		11,277
	$	28,507	$	244,584	$	267,396	$	354,535	$	95,765	$	289,666	$	633,004	$	8,346	$	1,921,803
Current-period gross charge-offs	$	8,118	$	483	$	1,646	$	3,338	$	956	$	538	$	—	$	—	$	15,079

(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(2):
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(3):
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 six months ended June 30, 2025 and 2024, disaggregated by portfolio segment and type of modification granted:

	Three Months Ended June 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	$	14,874	$	2,500	$	14,800	$	32,174	1.17	%
Commercial mortgages	16,029		—		6,570		22,599		0.58	%
Consumer(1)(2)	2		15		8		25		—	%
Total	$	30,905	$	2,515	$	21,378	$	54,798	0.42	%
	Six Months Ended June 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	$	15,801	$	2,565	$	14,800	$	33,166	1.21	%
Owner-occupied commercial	6,912		908		—		7,820		0.40	%
Commercial mortgages	52,706		—		6,570		59,276		1.52	%
Construction	25,884		—		—		25,884		3.02	%
Consumer(1)(3)	2		193		401		596		0.03	%
Total	$	101,305	$	3,666	$	21,771	$	126,742	0.98	%

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

(2)Excludes $1.3 million of troubled loans held for sale.

(3)Excludes $2.3 million of troubled loans held for sale.

	Three months ended June 30, 2024
(Dollars in thousands)	Term Extension		More-Than-Insignificant Payment Delay		Combination- Term Extension and Payment Delay		Total		% of Total Loan Category
Commercial and industrial	$	30,075	$	606	$	92	$	30,773	1.17	%
Owner-occupied commercial	493		—		—		493		0.03	%
Commercial mortgages	83		—		—		83		—	%
Construction	10,620		—		—		10,620		1.21	%
Consumer(1)	256		784		1,270		2,310		0.11	%
Total	$	41,527	$	1,390	$	1,362	$	44,279	0.34	%
	Six Months Ended June 30, 2024
(Dollars in thousands)	Term Extension		More-Than-Insignificant Payment Delay		Combination- Term Extension and Payment Delay		Total		% of Total Loan Category
Commercial and industrial	$	61,803	$	955	$	805	$	63,563	2.41	%
Owner-occupied commercial	493		—		—		493		0.03	%
Commercial mortgages	83		—		—		83		—	%
Construction	10,620		—		—		10,620		1.21	%
Consumer(1)	502		1,389		2,886		4,777		0.23	%
Total	$	73,501	$	2,344	$	3,691	$	79,536	0.61	%

(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 six months ended June 30, 2025 and 2024:

	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025
	Term Extension(1)	More-Than-Insignificant Payment Delay(2)	Term Extension(1)	More-Than-Insignificant Payment Delay(2)
Commercial and industrial	0.73	0.13%	0.74	0.13%
Owner-occupied commercial	0.00	—	0.26	0.01
Commercial mortgages	0.32	0.05	0.63	0.05
Construction	0.00	—	0.59	—
Consumer(3)	0.48	—	0.49	—

	Three Months Ended June 30, 2024		Six Months Ended June 30, 2024
	Term Extension(1)	More-Than-Insignificant Payment Delay(2)	Term Extension(1)	More-Than-Insignificant Payment Delay(2)
Commercial and industrial	0.86	0.01%	1.01	0.01%
Owner-occupied commercial	0.54	—	0.54	—
Commercial mortgages	0.59	—	0.59	—
Construction	0.60	—	0.60	—
Consumer	0.48	0.02	0.47	0.03

(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)Excludes $1.3 million and $2.3 million of troubled loans held for sale for the three and six months ended June 30, 2025, respectively.

As of June 30, 2025 and December 31, 2024, the Company had commitments to extend credit of $20.1 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 six months ended June 30, 2025 and 2024 and were modified in the 12 months before default to borrowers experiencing financial difficulty. There were no loans that received a modification that had a payment default during the three months ended June 30, 2025 and 2024 and were modified in the 12 months before default to borrowers experiencing financial difficulty.

	Six Months Ended June 30, 2025
	Term Extension		Total
Commercial mortgages	5,435		5,435
Total	$	5,435	$	5,435

	Six Months Ended June 30, 2024
	Term Extension		More-Than-Insignificant Payment Delay		Total
Commercial and industrial	$	3,870	$	61	$	3,931
Total	$	3,870	$	61	$	3,931

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 June 30, 2025 and 2024:

	June 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)	$	—	$	—	$	32,869	$	17,818	$	50,687
Owner-occupied commercial	—		6,786		—		1,034		7,820
Commercial mortgages	—		—		54,125		21,325		75,450
Construction	—		—		19,641		25,884		45,525
Residential	—		—		—		140		140
Consumer(2)(3)	44		8		623		193		868
Total	$	44	$	6,794	$	107,258	$	66,394	$	180,490

(1)Excludes $10.9 million of troubled loans held for sale.

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

(3)Excludes $4.5 million of troubled loans held for sale.

	June 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	$	—	$	—	$	83,960	$	13,765	$	97,725
Owner-occupied commercial	—		—		493		—		493
Commercial mortgages	—		—		15,432		83		15,515
Construction	—		—		10,620		—		10,620
Residential	—		—		40		165		205
Consumer(1)	1,034		339		7,054		95		8,522
Total	$	1,034	$	339	$	117,599	$	14,108	$	133,080

(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, current, or forecast 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 $2.8 million as of June 30, 2025.