LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Loans Stated at Face Amount, Net of Unearned Income |
The Company’s LHFI, net, are stated at their amortized cost, net of the ALLL and include deferred fees and costs, as well as purchase accounting discounts and premiums. The LHFI consisted of the following for the years ended December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
2024 |
Construction and Land Development |
|
|
$ |
1,666,381 |
|
$ |
1,731,108 |
CRE – Owner Occupied |
|
|
|
4,305,796 |
|
|
2,370,119 |
CRE – Non-Owner Occupied |
|
|
|
7,178,515 |
|
|
4,935,590 |
Multifamily Real Estate |
|
|
|
2,418,250 |
|
|
1,240,209 |
Commercial & Industrial |
|
|
|
5,229,728 |
|
|
3,864,695 |
Residential 1-4 Family – Commercial |
|
|
|
1,100,157 |
|
|
719,425 |
Residential 1-4 Family – Consumer |
|
|
|
2,825,259 |
|
|
1,293,817 |
Residential 1-4 Family – Revolving |
|
|
|
1,248,284 |
|
|
756,944 |
Auto |
|
|
|
183,720 |
|
|
316,368 |
Consumer |
|
|
|
121,488 |
|
|
104,882 |
Other Commercial |
|
|
|
1,518,589 |
|
|
1,137,464 |
Total LHFI, net of unearned income (1) |
|
|
|
27,796,167 |
|
|
18,470,621 |
Allowance for loan and lease losses |
|
|
|
(295,108) |
|
|
(178,644) |
Total LHFI, net |
|
|
$ |
27,501,059 |
|
$ |
18,291,977 |
(1) Total loans included unamortized premiums and discounts, and unamortized deferred fees and costs totaling $803.2 million and $220.6 million as of December 31, 2025 and 2024, respectively.
|
| Summary of Aging of the Loan Portfolio by Class |
The following table shows the aging of the Company’s LHFI portfolio, by class, as of December 31, 2025 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than |
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days |
|
60-89 Days |
|
90 Days and |
|
|
|
|
|
|
|
|
|
Current |
|
Past Due |
|
Past Due |
|
still Accruing |
|
Nonaccrual |
|
Total Loans |
|
Construction and Land Development |
|
$ |
1,659,048 |
|
$ |
1,455 |
|
$ |
94 |
|
$ |
1,481 |
|
$ |
4,303 |
|
$ |
1,666,381 |
|
CRE – Owner Occupied |
|
|
4,284,562 |
|
|
7,241 |
|
|
3,171 |
|
|
4,788 |
|
|
6,034 |
|
|
4,305,796 |
|
CRE – Non-Owner Occupied |
|
|
7,154,178 |
|
|
9,482 |
|
|
1,455 |
|
|
2,099 |
|
|
11,301 |
|
|
7,178,515 |
|
Multifamily Real Estate |
|
|
2,366,442 |
|
|
52 |
|
|
247 |
|
|
6,140 |
|
|
45,369 |
|
|
2,418,250 |
|
Commercial & Industrial |
|
|
5,197,839 |
|
|
8,935 |
|
|
3,552 |
|
|
9,114 |
|
|
10,288 |
|
|
5,229,728 |
|
Residential 1-4 Family – Commercial |
|
|
1,087,181 |
|
|
2,634 |
|
|
1,306 |
|
|
2,379 |
|
|
6,657 |
|
|
1,100,157 |
|
Residential 1-4 Family – Consumer |
|
|
2,772,790 |
|
|
17,911 |
|
|
5,628 |
|
|
5,633 |
|
|
23,297 |
|
|
2,825,259 |
|
Residential 1-4 Family – Revolving |
|
|
1,233,032 |
|
|
3,994 |
|
|
2,157 |
|
|
3,458 |
|
|
5,643 |
|
|
1,248,284 |
|
Auto |
|
|
178,615 |
|
|
3,332 |
|
|
797 |
|
|
404 |
|
|
572 |
|
|
183,720 |
|
Consumer |
|
|
120,806 |
|
|
444 |
|
|
171 |
|
|
55 |
|
|
12 |
|
|
121,488 |
|
Other Commercial |
|
|
1,513,629 |
|
|
3,242 |
|
|
143 |
|
|
— |
|
|
1,575 |
|
|
1,518,589 |
|
Total LHFI, net of unearned income |
|
$ |
27,568,122 |
|
$ |
58,722 |
|
$ |
18,721 |
|
$ |
35,551 |
|
$ |
115,051 |
|
$ |
27,796,167 |
|
% of total loans |
|
|
99.18 |
% |
|
0.21 |
% |
|
0.07 |
% |
|
0.13 |
% |
|
0.41 |
% |
|
100.00 |
% |
The following table shows the aging of the Company’s LHFI portfolio, by class, as of December 31, 2024 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Greater than |
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days |
|
60-89 Days |
|
90 Days and |
|
|
|
|
|
|
|
|
|
Current |
|
Past Due |
|
Past Due |
|
still Accruing |
|
Nonaccrual |
|
Total Loans |
|
Construction and Land Development |
|
$ |
1,729,637 |
|
$ |
38 |
|
$ |
— |
|
$ |
120 |
|
$ |
1,313 |
|
$ |
1,731,108 |
|
CRE – Owner Occupied |
|
|
2,362,458 |
|
|
2,080 |
|
|
1,074 |
|
|
1,592 |
|
|
2,915 |
|
|
2,370,119 |
|
CRE – Non-Owner Occupied |
|
|
4,926,168 |
|
|
1,381 |
|
|
— |
|
|
6,874 |
|
|
1,167 |
|
|
4,935,590 |
|
Multifamily Real Estate |
|
|
1,238,711 |
|
|
1,366 |
|
|
— |
|
|
— |
|
|
132 |
|
|
1,240,209 |
|
Commercial & Industrial |
|
|
3,820,564 |
|
|
9,405 |
|
|
69 |
|
|
955 |
|
|
33,702 |
|
|
3,864,695 |
|
Residential 1-4 Family – Commercial |
|
|
715,604 |
|
|
697 |
|
|
665 |
|
|
949 |
|
|
1,510 |
|
|
719,425 |
|
Residential 1-4 Family – Consumer |
|
|
1,266,467 |
|
|
5,928 |
|
|
7,390 |
|
|
1,307 |
|
|
12,725 |
|
|
1,293,817 |
|
Residential 1-4 Family – Revolving |
|
|
747,474 |
|
|
1,824 |
|
|
2,110 |
|
|
1,710 |
|
|
3,826 |
|
|
756,944 |
|
Auto |
|
|
311,354 |
|
|
3,615 |
|
|
456 |
|
|
284 |
|
|
659 |
|
|
316,368 |
|
Consumer |
|
|
103,528 |
|
|
804 |
|
|
486 |
|
|
44 |
|
|
20 |
|
|
104,882 |
|
Other Commercial |
|
|
1,132,960 |
|
|
2,167 |
|
|
2,029 |
|
|
308 |
|
|
— |
|
|
1,137,464 |
|
Total LHFI, net of unearned income |
|
$ |
18,354,925 |
|
$ |
29,305 |
|
$ |
14,279 |
|
$ |
14,143 |
|
$ |
57,969 |
|
$ |
18,470,621 |
|
% of total loans |
|
|
99.37 |
% |
|
0.16 |
% |
|
0.08 |
% |
|
0.08 |
% |
|
0.31 |
% |
|
100.00 |
% |
|
| Summary of Loans on Nonaccrual Status with No Related ALLL |
The following table shows the Company’s amortized cost basis of loans on nonaccrual status with no related ALLL, as of December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
2025 |
|
2024 |
Construction and Land Development |
|
$ |
2,700 |
|
$ |
— |
Commercial Real Estate - Owner Occupied |
|
|
1,430 |
|
|
— |
Commercial Real Estate - Non-Owner Occupied |
|
|
10,097 |
|
|
— |
Multifamily Real Estate |
|
|
45,369 |
|
|
— |
Commercial & Industrial |
|
|
2,751 |
|
|
2,510 |
Residential 1-4 Family - Commercial |
|
|
4,597 |
|
|
— |
Residential 1-4 Family - Consumer |
|
|
1,122 |
|
|
— |
Total LHFI, net of unearned income |
|
$ |
68,066 |
|
$ |
2,510 |
|
| Summary of Amortized Cost Basis of Loan Modifications to Borrowers Experiencing Financial Difficulty |
The following tables present the amortized cost basis of TLMs for the years ended December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
Other-Than-Insignificant Payment Delay |
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
1,536 |
|
0.03 |
% |
CRE – Non-Owner Occupied |
|
|
3,797 |
|
0.05 |
% |
Multifamily Real Estate |
|
|
729 |
|
0.03 |
% |
Total Other-Than-Insignificant Payment Delay |
|
$ |
6,062 |
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
107 |
|
NM |
% |
CRE – Owner Occupied |
|
|
14,431 |
|
0.34 |
% |
Multifamily Real Estate |
|
|
15,461 |
|
0.64 |
% |
Residential 1-4 Family – Commercial |
|
|
4,576 |
|
0.42 |
% |
Residential 1-4 Family – Consumer |
|
|
1,481 |
|
0.05 |
% |
Total Term Extension |
|
$ |
36,056 |
|
|
|
|
|
|
|
|
|
|
Combination - Other-Than-Insignificant Payment Delay and Term Extension |
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
444 |
|
0.01 |
% |
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension |
|
$ |
444 |
|
|
|
|
|
|
|
|
|
|
Combination - Term Extension and Interest Rate Reduction |
|
|
|
|
|
|
Residential 1-4 Family - Consumer |
|
$ |
2,862 |
|
0.10 |
% |
Total Combination - Term Extension and Interest Rate Reduction |
|
$ |
2,862 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
45,424 |
|
|
|
NM = Not Meaningful
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
Term Extension |
|
|
|
|
|
|
Construction and Land Development |
|
$ |
49 |
|
NM |
% |
Commercial and Industrial |
|
|
1,434 |
|
0.04 |
% |
CRE – Non-Owner Occupied |
|
|
11,383 |
|
0.23 |
% |
CRE – Owner Occupied |
|
|
842 |
|
0.04 |
% |
Residential 1-4 Family – Consumer |
|
|
509 |
|
0.04 |
% |
Total Term Extension |
|
$ |
14,217 |
|
|
|
|
|
|
|
|
|
|
Combination - Other-Than-Insignificant Payment Delay and Term Extension |
|
|
|
|
|
|
CRE – Non-Owner Occupied |
|
$ |
16,937 |
|
0.34 |
% |
Other Commercial |
|
|
3,273 |
|
0.29 |
% |
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension |
|
$ |
20,210 |
|
|
|
|
|
|
|
|
|
|
Combination - Term Extension and Interest Rate Reduction |
|
|
|
|
|
|
Residential 1-4 Family – Consumer |
|
$ |
724 |
|
0.06 |
% |
Residential 1-4 Family – Revolving |
|
|
26 |
|
NM |
% |
Total Combination - Term Extension and Interest Rate Reduction |
|
$ |
750 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
35,177 |
|
|
|
NM = Not Meaningful
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
Principal Forgiveness |
|
|
|
|
|
|
CRE – Non-Owner Occupied |
|
$ |
4,835 |
|
0.12 |
% |
Total Principal Forgiveness |
|
$ |
4,835 |
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
Construction and Land Development |
|
$ |
18,999 |
|
1.71 |
% |
Commercial and Industrial |
|
|
3,542 |
|
0.10 |
% |
CRE – Owner Occupied |
|
|
766 |
|
0.04 |
% |
Residential 1-4 Family – Consumer |
|
|
1,137 |
|
0.11 |
% |
Total Term Extension |
|
$ |
24,444 |
|
|
|
|
|
|
|
|
|
|
Combination - Other-Than-Insignificant Payment Delay and Term Extension |
|
|
|
|
|
|
CRE – Non-Owner Occupied |
|
$ |
20,766 |
|
0.50 |
% |
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension |
|
$ |
20,766 |
|
|
|
|
|
|
|
|
|
|
Combination - Term Extension and Interest Rate Reduction |
|
|
|
|
|
|
Residential 1-4 Family – Consumer |
|
$ |
1,177 |
|
0.11 |
% |
Residential 1-4 Family – Revolving |
|
|
15 |
|
NM |
% |
Total Combination - Term Extension and Interest Rate Reduction |
|
$ |
1,192 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
51,237 |
|
|
|
NM = Not Meaningful
|
| Summary of financial effects of TLMs on a weighted average basis for TLMs within that loan type |
The following tables describe the financial effects of TLMs on a weighted average basis for TLMs within that loan type for the years ended December 31,:
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
CRE – Owner Occupied |
|
Added a weighted-average 1.8 years to the life of loans. |
Multifamily Real Estate |
|
Added a weighted-average 0.5 years to the life of loans. |
Residential 1-4 Family - Commercial |
|
Added a weighted-average 0.8 years to the life of loans. |
|
|
|
Combination - Term Extension and Interest Rate Reduction |
Loan Type |
|
Financial Effect |
Residential 1-4 Family - Consumer |
|
Added a weighted-average 1.6 years to the life of loans and reduced the weighted average contractual interest rate from 5.0% to 2.1%. |
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
Commercial and Industrial |
|
Added a weighted-average 0.8 years to the life of loans. |
CRE – Owner Occupied |
|
Added a weighted-average 3.0 years to the life of loans. |
CRE – Non-Owner Occupied |
|
Added a weighted-average 2.3 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Combination - Other-Than-Insignificant Payment Delay and Term Extension |
Loan Type |
|
Financial Effect |
CRE – Non-Owner Occupied |
|
Added a weighted-average 1.6 years to the life of loans. |
Other Commercial |
|
Added a weighted-average 1.5 years to the life of loans. |
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Principal Forgiveness |
Loan Type |
|
Financial Effect |
CRE – Non-Owner Occupied |
|
Reduced the amortized cost basis of loans by $3.5 million. |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
Construction and Land Development |
|
Added a weighted-average 1.3 years to the life of loans. |
Commercial and Industrial |
|
Added a weighted-average 0.2 years to the life of loans. |
CRE – Owner Occupied |
|
Added a weighted-average 0.5 years to the life of loans. |
Residential 1-4 Family – Consumer |
|
Added a weighted-average 10.8 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Combination - Other-Than-Insignificant Payment Delay and Term Extension |
Loan Type |
|
Financial Effect |
CRE – Non-Owner Occupied |
|
Added a weighted-average 1.0 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Combination - Term Extension and Interest Rate Reduction |
Loan Type |
|
Financial Effect |
Residential 1-4 Family – Consumer |
|
Added a weighted-average 20.3 years to the life of loans and reduced the weighted average contractual interest rate from 8.2% to 7.5%. |
Residential 1-4 Family – Revolving |
|
Added a weighted-average 19.1 years to the life of loans and reduced the weighted average contractual interest rate from 10.5% to 7.3%. |
|
| Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology |
The following tables show the ALLL activity by loan segment for the years ended December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
2024 |
|
|
Commercial |
|
Consumer |
|
Total |
|
Commercial |
|
Consumer |
|
Total |
Balance at beginning of period |
|
$ |
148,887 |
|
$ |
29,757 |
|
$ |
178,644 |
|
$ |
105,896 |
|
$ |
26,286 |
|
$ |
132,182 |
Initial allowance - PCD loans (1) (2) |
|
|
21,255 |
|
|
7,010 |
|
|
28,265 |
|
|
2,609 |
|
|
1,287 |
|
|
3,896 |
Loans charged-off (2) |
|
|
(45,999) |
|
|
(3,865) |
|
|
(49,864) |
|
|
(11,889) |
|
|
(4,067) |
|
|
(15,956) |
Recoveries credited to allowance |
|
|
5,581 |
|
|
1,830 |
|
|
7,411 |
|
|
5,283 |
|
|
1,911 |
|
|
7,194 |
Initial provision - non-PCD loans (1) |
|
|
64,740 |
|
|
24,798 |
|
|
89,538 |
|
|
11,213 |
|
|
2,016 |
|
|
13,229 |
Provision charged to operations |
|
|
38,349 |
|
|
2,765 |
|
|
41,114 |
|
|
35,775 |
|
|
2,324 |
|
|
38,099 |
Balance at end of period |
|
$ |
232,813 |
|
$ |
62,295 |
|
$ |
295,108 |
|
$ |
148,887 |
|
$ |
29,757 |
|
$ |
178,644 |
(1) For the years ended December 31, 2025 and 2024, the initial allowance on PCD loans and the initial provision on non-PCD loans related to the acquisitions of Sandy Spring and American National, respectively.
(2) In accordance with GAAP, amounts for the year ended December 31, 2025 exclude $61.8 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition, including measurement period adjustments recorded in the third and fourth quarters of 2025 associated with the Sandy Spring acquisition, based on subsequent additional information and evidence obtained by the Company relating to events or circumstances that were existing at the acquisition date.
|
| American National |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of loans acquired from business acquisitions |
The following table presents additional information related to the acquired American National loan portfolio at the acquisition date, including the initial ACL at acquisition on the PCD loans (dollars in thousands):
|
|
|
|
PCD Loans |
|
|
April 1, 2024 |
Book value of acquired loans at acquisition |
|
$ |
89,418 |
Initial ACL at acquisition |
|
|
(3,896) |
Non-credit discount at acquisition |
|
|
(10,466) |
Purchase Price |
|
$ |
75,056 |
|
|
|
|
Non-PCD Loans: |
|
|
|
Fair Value |
|
$ |
2,073,037 |
Gross contractual amounts receivable |
|
|
2,503,707 |
Estimate of contractual cash flows not expected to be collected |
|
|
10,887 |
|
| Sandy Spring |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of loans acquired from business acquisitions |
The following table presents additional information related to the acquired Sandy Spring loan portfolio at the acquisition date, including the initial ACL at acquisition on the PCD loans (dollars in thousands):
|
|
|
|
PCD Loans |
|
|
April 1, 2025 |
Book value of acquired loans at acquisition (1) |
|
$ |
1,716,523 |
Initial ACL at acquisition (2) |
|
|
(28,265) |
Non-credit discount at acquisition |
|
|
(162,140) |
Purchase Price |
|
$ |
1,526,118 |
|
|
|
|
Non-PCD Loans: |
|
|
|
Fair Value |
|
$ |
7,077,565 |
Gross contractual amounts receivable |
|
|
7,676,836 |
Estimate of contractual cash flows not expected to be collected |
|
|
130,113 |
(1) The Company recorded measurement period adjustments totaling $27.3 million during the third and fourth quarters of 2025 associated with the Sandy Spring acquisition, based on additional information and evidence obtained by the Company relating to events or circumstances existing at the acquisition date, reducing the book value of loans acquired at acquisition.
(2) In accordance with GAAP, the amounts exclude $61.8 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition.
|
| Commercial Portfolio Segment [Member] |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Loans Receivables Related Risk Rating |
The table below details the amortized cost and gross write-offs of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2025 |
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
Prior |
|
Loans |
|
Total |
Construction and Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
557,083 |
|
$ |
381,768 |
|
$ |
233,793 |
|
$ |
84,396 |
|
$ |
39,055 |
|
$ |
58,001 |
|
$ |
242,753 |
|
$ |
1,596,849 |
Watch |
|
|
10,712 |
|
|
136 |
|
|
51 |
|
|
671 |
|
|
989 |
|
|
3,260 |
|
|
7,759 |
|
|
23,578 |
Special Mention |
|
|
542 |
|
|
2,092 |
|
|
2,980 |
|
|
463 |
|
|
793 |
|
|
4,845 |
|
|
26,145 |
|
|
37,860 |
Substandard |
|
|
319 |
|
|
547 |
|
|
74 |
|
|
135 |
|
|
2,519 |
|
|
4,500 |
|
|
— |
|
|
8,094 |
Total Construction and Land Development |
|
$ |
568,656 |
|
$ |
384,543 |
|
$ |
236,898 |
|
$ |
85,665 |
|
$ |
43,356 |
|
$ |
70,606 |
|
$ |
276,657 |
|
$ |
1,666,381 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(40) |
|
$ |
(3) |
|
$ |
— |
|
$ |
(43) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE – Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
442,571 |
|
$ |
305,006 |
|
$ |
298,355 |
|
$ |
497,750 |
|
$ |
500,885 |
|
$ |
1,823,826 |
|
$ |
53,556 |
|
$ |
3,921,949 |
Watch |
|
|
4,532 |
|
|
14,892 |
|
|
31,258 |
|
|
17,474 |
|
|
12,006 |
|
|
77,890 |
|
|
2,121 |
|
|
160,173 |
Special Mention |
|
|
6,962 |
|
|
7,435 |
|
|
6,210 |
|
|
10,907 |
|
|
6,604 |
|
|
77,134 |
|
|
1,275 |
|
|
116,527 |
Substandard |
|
|
— |
|
|
6,644 |
|
|
16,427 |
|
|
7,014 |
|
|
27,267 |
|
|
49,520 |
|
|
140 |
|
|
107,012 |
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
135 |
|
|
— |
|
|
135 |
Total CRE – Owner Occupied |
|
$ |
454,065 |
|
$ |
333,977 |
|
$ |
352,250 |
|
$ |
533,145 |
|
$ |
546,762 |
|
$ |
2,028,505 |
|
$ |
57,092 |
|
$ |
4,305,796 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(147) |
|
$ |
— |
|
$ |
(147) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE – Non-Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
905,007 |
|
$ |
486,703 |
|
$ |
811,972 |
|
$ |
1,060,691 |
|
$ |
741,739 |
|
$ |
2,628,053 |
|
$ |
78,676 |
|
$ |
6,712,841 |
Watch |
|
|
— |
|
|
556 |
|
|
39,149 |
|
|
17,010 |
|
|
23,926 |
|
|
59,738 |
|
|
196 |
|
|
140,575 |
Special Mention |
|
|
505 |
|
|
1,434 |
|
|
2,600 |
|
|
23,267 |
|
|
76,411 |
|
|
68,195 |
|
|
— |
|
|
172,412 |
Substandard |
|
|
— |
|
|
— |
|
|
6,264 |
|
|
38,108 |
|
|
1,138 |
|
|
107,153 |
|
|
24 |
|
|
152,687 |
Total CRE – Non-Owner Occupied |
|
$ |
905,512 |
|
$ |
488,693 |
|
$ |
859,985 |
|
$ |
1,139,076 |
|
$ |
843,214 |
|
$ |
2,863,139 |
|
$ |
78,896 |
|
$ |
7,178,515 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(491) |
|
$ |
— |
|
$ |
(491) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,125,728 |
|
$ |
730,095 |
|
$ |
446,849 |
|
$ |
487,440 |
|
$ |
251,752 |
|
$ |
351,402 |
|
$ |
1,344,042 |
|
$ |
4,737,308 |
Watch |
|
|
16,322 |
|
|
35,316 |
|
|
13,751 |
|
|
39,156 |
|
|
8,963 |
|
|
21,615 |
|
|
121,435 |
|
|
256,558 |
Special Mention |
|
|
6,978 |
|
|
16,326 |
|
|
5,861 |
|
|
8,117 |
|
|
4,029 |
|
|
5,914 |
|
|
60,923 |
|
|
108,148 |
Substandard |
|
|
2,785 |
|
|
12,444 |
|
|
33,386 |
|
|
21,588 |
|
|
10,563 |
|
|
5,663 |
|
|
41,285 |
|
|
127,714 |
Total Commercial & Industrial |
|
$ |
1,151,813 |
|
$ |
794,181 |
|
$ |
499,847 |
|
$ |
556,301 |
|
$ |
275,307 |
|
$ |
384,594 |
|
$ |
1,567,685 |
|
$ |
5,229,728 |
Current period gross write-off |
|
$ |
— |
|
$ |
(1,605) |
|
$ |
(69) |
|
$ |
(2,483) |
|
$ |
(10) |
|
$ |
(197) |
|
$ |
(34,451) |
|
$ |
(38,815) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multifamily Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
192,761 |
|
$ |
123,570 |
|
$ |
289,889 |
|
$ |
441,536 |
|
$ |
247,973 |
|
$ |
592,615 |
|
$ |
49,203 |
|
$ |
1,937,547 |
Watch |
|
|
— |
|
|
— |
|
|
14,029 |
|
|
25,464 |
|
|
98,973 |
|
|
3,850 |
|
|
1,317 |
|
|
143,633 |
Special Mention |
|
|
— |
|
|
671 |
|
|
21,572 |
|
|
62,470 |
|
|
— |
|
|
18,533 |
|
|
— |
|
|
103,246 |
Substandard |
|
|
2,372 |
|
|
729 |
|
|
— |
|
|
71,278 |
|
|
37,422 |
|
|
74,668 |
|
|
47,355 |
|
|
233,824 |
Total Multifamily Real Estate |
|
$ |
195,133 |
|
$ |
124,970 |
|
$ |
325,490 |
|
$ |
600,748 |
|
$ |
384,368 |
|
$ |
689,666 |
|
$ |
97,875 |
|
$ |
2,418,250 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(47) |
|
$ |
— |
|
$ |
(47) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
93,538 |
|
$ |
70,435 |
|
$ |
82,732 |
|
$ |
198,071 |
|
$ |
172,024 |
|
$ |
408,213 |
|
$ |
4,255 |
|
$ |
1,029,268 |
Watch |
|
|
2,975 |
|
|
2,533 |
|
|
1,558 |
|
|
6,193 |
|
|
3,887 |
|
|
11,349 |
|
|
2,431 |
|
|
30,926 |
Special Mention |
|
|
2,404 |
|
|
1,277 |
|
|
— |
|
|
1,209 |
|
|
860 |
|
|
17,009 |
|
|
— |
|
|
22,759 |
Substandard |
|
|
— |
|
|
248 |
|
|
— |
|
|
206 |
|
|
4,843 |
|
|
11,654 |
|
|
253 |
|
|
17,204 |
Total Residential 1-4 Family – Commercial |
|
$ |
98,917 |
|
$ |
74,493 |
|
$ |
84,290 |
|
$ |
205,679 |
|
$ |
181,614 |
|
$ |
448,225 |
|
$ |
6,939 |
|
$ |
1,100,157 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(185) |
|
$ |
— |
|
$ |
(185) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
270,356 |
|
$ |
246,933 |
|
$ |
172,163 |
|
$ |
157,255 |
|
$ |
168,474 |
|
$ |
179,392 |
|
$ |
276,970 |
|
$ |
1,471,543 |
Watch |
|
|
— |
|
|
— |
|
|
113 |
|
|
20,631 |
|
|
746 |
|
|
5,873 |
|
|
— |
|
|
27,363 |
Special Mention |
|
|
— |
|
|
— |
|
|
75 |
|
|
— |
|
|
184 |
|
|
6,944 |
|
|
2,688 |
|
|
9,891 |
Substandard |
|
|
556 |
|
|
— |
|
|
4,519 |
|
|
3,040 |
|
|
1,552 |
|
|
35 |
|
|
90 |
|
|
9,792 |
Total Other Commercial |
|
$ |
270,912 |
|
$ |
246,933 |
|
$ |
176,870 |
|
$ |
180,926 |
|
$ |
170,956 |
|
$ |
192,244 |
|
$ |
279,748 |
|
$ |
1,518,589 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
(140) |
|
$ |
(2,617) |
|
$ |
— |
|
$ |
(3,514) |
|
$ |
— |
|
$ |
(6,271) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
3,587,044 |
|
$ |
2,344,510 |
|
$ |
2,335,753 |
|
$ |
2,927,139 |
|
$ |
2,121,902 |
|
$ |
6,041,502 |
|
$ |
2,049,455 |
|
$ |
21,407,305 |
Watch |
|
|
34,541 |
|
|
53,433 |
|
|
99,909 |
|
|
126,599 |
|
|
149,490 |
|
|
183,575 |
|
|
135,259 |
|
|
782,806 |
Special Mention |
|
|
17,391 |
|
|
29,235 |
|
|
39,298 |
|
|
106,433 |
|
|
88,881 |
|
|
198,574 |
|
|
91,031 |
|
|
570,843 |
Substandard |
|
|
6,032 |
|
|
20,612 |
|
|
60,670 |
|
|
141,369 |
|
|
85,304 |
|
|
253,193 |
|
|
89,147 |
|
|
656,327 |
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
135 |
|
|
— |
|
|
135 |
Total Commercial |
|
$ |
3,645,008 |
|
$ |
2,447,790 |
|
$ |
2,535,630 |
|
$ |
3,301,540 |
|
$ |
2,445,577 |
|
$ |
6,676,979 |
|
$ |
2,364,892 |
|
$ |
23,417,416 |
Total current period gross write-off |
|
$ |
— |
|
$ |
(1,605) |
|
$ |
(209) |
|
$ |
(5,100) |
|
$ |
(50) |
|
$ |
(4,584) |
|
$ |
(34,451) |
|
$ |
(45,999) |
The table below details the amortized cost and gross write-offs of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
Prior |
|
Loans |
|
Total |
Construction and Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
350,344 |
|
$ |
630,033 |
|
$ |
372,483 |
|
$ |
120,851 |
|
$ |
14,180 |
|
$ |
46,671 |
|
$ |
120,240 |
|
$ |
1,654,802 |
Watch |
|
|
3 |
|
|
22,790 |
|
|
18,172 |
|
|
384 |
|
|
— |
|
|
717 |
|
|
— |
|
|
42,066 |
Special Mention |
|
|
739 |
|
|
1,771 |
|
|
1,629 |
|
|
226 |
|
|
1,332 |
|
|
1,139 |
|
|
— |
|
|
6,836 |
Substandard |
|
|
162 |
|
|
80 |
|
|
22,237 |
|
|
745 |
|
|
1,467 |
|
|
2,713 |
|
|
— |
|
|
27,404 |
Total Construction and Land Development |
|
$ |
351,248 |
|
$ |
654,674 |
|
$ |
414,521 |
|
$ |
122,206 |
|
$ |
16,979 |
|
$ |
51,240 |
|
$ |
120,240 |
|
$ |
1,731,108 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
(1,109) |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(1,109) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE – Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
152,865 |
|
$ |
243,842 |
|
$ |
293,260 |
|
$ |
262,430 |
|
$ |
248,187 |
|
$ |
1,014,962 |
|
$ |
27,316 |
|
$ |
2,242,862 |
Watch |
|
|
4,455 |
|
|
1,391 |
|
|
1,424 |
|
|
1,854 |
|
|
2,507 |
|
|
35,093 |
|
|
79 |
|
|
46,803 |
Special Mention |
|
|
1,153 |
|
|
6,659 |
|
|
1,577 |
|
|
2,102 |
|
|
2,266 |
|
|
11,556 |
|
|
2,389 |
|
|
27,702 |
Substandard |
|
|
24,722 |
|
|
1,188 |
|
|
1,921 |
|
|
352 |
|
|
2,433 |
|
|
21,996 |
|
|
140 |
|
|
52,752 |
Total CRE – Owner Occupied |
|
$ |
183,195 |
|
$ |
253,080 |
|
$ |
298,182 |
|
$ |
266,738 |
|
$ |
255,393 |
|
$ |
1,083,607 |
|
$ |
29,924 |
|
$ |
2,370,119 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(354) |
|
$ |
— |
|
$ |
(354) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE – Non-Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
349,991 |
|
$ |
514,460 |
|
$ |
692,155 |
|
$ |
835,195 |
|
$ |
381,544 |
|
$ |
1,838,343 |
|
$ |
40,741 |
|
$ |
4,652,429 |
Watch |
|
|
— |
|
|
150 |
|
|
7,465 |
|
|
11,855 |
|
|
— |
|
|
70,113 |
|
|
13,013 |
|
|
102,596 |
Special Mention |
|
|
384 |
|
|
— |
|
|
18,342 |
|
|
883 |
|
|
7,387 |
|
|
47,286 |
|
|
— |
|
|
74,282 |
Substandard |
|
|
— |
|
|
12,609 |
|
|
— |
|
|
1,130 |
|
|
36,796 |
|
|
55,677 |
|
|
71 |
|
|
106,283 |
Total CRE – Non-Owner Occupied |
|
$ |
350,375 |
|
$ |
527,219 |
|
$ |
717,962 |
|
$ |
849,063 |
|
$ |
425,727 |
|
$ |
2,011,419 |
|
$ |
53,825 |
|
$ |
4,935,590 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(3,386) |
|
$ |
— |
|
$ |
— |
|
$ |
(3,386) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
787,683 |
|
$ |
593,676 |
|
$ |
534,064 |
|
$ |
300,348 |
|
$ |
124,214 |
|
$ |
227,352 |
|
$ |
982,085 |
|
$ |
3,549,422 |
Watch |
|
|
2,458 |
|
|
30,428 |
|
|
48,661 |
|
|
6,980 |
|
|
486 |
|
|
2,434 |
|
|
24,153 |
|
|
115,600 |
Special Mention |
|
|
2,289 |
|
|
12,328 |
|
|
15,458 |
|
|
4,001 |
|
|
2,183 |
|
|
19,125 |
|
|
64,204 |
|
|
119,588 |
Substandard |
|
|
9,214 |
|
|
2,340 |
|
|
3,423 |
|
|
4,139 |
|
|
472 |
|
|
1,327 |
|
|
29,839 |
|
|
50,754 |
Doubtful |
|
|
— |
|
|
— |
|
|
1,598 |
|
|
— |
|
|
— |
|
|
— |
|
|
27,733 |
|
|
29,331 |
Total Commercial & Industrial |
|
$ |
801,644 |
|
$ |
638,772 |
|
$ |
603,204 |
|
$ |
315,468 |
|
$ |
127,355 |
|
$ |
250,238 |
|
$ |
1,128,014 |
|
$ |
3,864,695 |
Current period gross write-off |
|
$ |
— |
|
$ |
(42) |
|
$ |
(1,081) |
|
$ |
(145) |
|
$ |
(147) |
|
$ |
(928) |
|
$ |
(1,187) |
|
$ |
(3,530) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multifamily Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
80,345 |
|
$ |
34,060 |
|
$ |
259,493 |
|
$ |
229,950 |
|
$ |
205,699 |
|
$ |
302,186 |
|
$ |
35,706 |
|
$ |
1,147,439 |
Watch |
|
|
— |
|
|
— |
|
|
1,719 |
|
|
73,780 |
|
|
129 |
|
|
— |
|
|
— |
|
|
75,628 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
250 |
|
|
1,185 |
|
|
— |
|
|
1,435 |
Substandard |
|
|
— |
|
|
14,210 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,497 |
|
|
— |
|
|
15,707 |
Total Multifamily Real Estate |
|
$ |
80,345 |
|
$ |
48,270 |
|
$ |
261,212 |
|
$ |
303,730 |
|
$ |
206,078 |
|
$ |
304,868 |
|
$ |
35,706 |
|
$ |
1,240,209 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
49,068 |
|
$ |
66,307 |
|
$ |
115,526 |
|
$ |
108,751 |
|
$ |
79,090 |
|
$ |
250,273 |
|
$ |
9,617 |
|
$ |
678,632 |
Watch |
|
|
274 |
|
|
504 |
|
|
1,277 |
|
|
737 |
|
|
730 |
|
|
6,571 |
|
|
152 |
|
|
10,245 |
Special Mention |
|
|
— |
|
|
— |
|
|
23,435 |
|
|
215 |
|
|
331 |
|
|
1,500 |
|
|
— |
|
|
25,481 |
Substandard |
|
|
517 |
|
|
— |
|
|
— |
|
|
229 |
|
|
588 |
|
|
3,480 |
|
|
253 |
|
|
5,067 |
Total Residential 1-4 Family – Commercial |
|
$ |
49,859 |
|
$ |
66,811 |
|
$ |
140,238 |
|
$ |
109,932 |
|
$ |
80,739 |
|
$ |
261,824 |
|
$ |
10,022 |
|
$ |
719,425 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(18) |
|
$ |
— |
|
$ |
— |
|
$ |
(18) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
233,480 |
|
$ |
196,703 |
|
$ |
169,440 |
|
$ |
157,815 |
|
$ |
82,990 |
|
$ |
161,984 |
|
$ |
106,368 |
|
$ |
1,108,780 |
Watch |
|
|
— |
|
|
1,926 |
|
|
6,170 |
|
|
1,525 |
|
|
5,293 |
|
|
4,419 |
|
|
— |
|
|
19,333 |
Special Mention |
|
|
— |
|
|
84 |
|
|
1,059 |
|
|
3,163 |
|
|
— |
|
|
582 |
|
|
— |
|
|
4,888 |
Substandard |
|
|
— |
|
|
1,060 |
|
|
3,272 |
|
|
— |
|
|
30 |
|
|
2 |
|
|
99 |
|
|
4,463 |
Total Other Commercial |
|
$ |
233,480 |
|
$ |
199,773 |
|
$ |
179,941 |
|
$ |
162,503 |
|
$ |
88,313 |
|
$ |
166,987 |
|
$ |
106,467 |
|
$ |
1,137,464 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(3,492) |
|
$ |
— |
|
$ |
(3,492) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
2,003,776 |
|
$ |
2,279,081 |
|
$ |
2,436,421 |
|
$ |
2,015,340 |
|
$ |
1,135,904 |
|
$ |
3,841,771 |
|
$ |
1,322,073 |
|
$ |
15,034,366 |
Watch |
|
|
7,190 |
|
|
57,189 |
|
|
84,888 |
|
|
97,115 |
|
|
9,145 |
|
|
119,347 |
|
|
37,397 |
|
|
412,271 |
Special Mention |
|
|
4,565 |
|
|
20,842 |
|
|
61,500 |
|
|
10,590 |
|
|
13,749 |
|
|
82,373 |
|
|
66,593 |
|
|
260,212 |
Substandard |
|
|
34,615 |
|
|
31,487 |
|
|
30,853 |
|
|
6,595 |
|
|
41,786 |
|
|
86,692 |
|
|
30,402 |
|
|
262,430 |
Doubtful |
|
|
— |
|
|
— |
|
|
1,598 |
|
|
— |
|
|
— |
|
|
— |
|
|
27,733 |
|
|
29,331 |
Total Commercial |
|
$ |
2,050,146 |
|
$ |
2,388,599 |
|
$ |
2,615,260 |
|
$ |
2,129,640 |
|
$ |
1,200,584 |
|
$ |
4,130,183 |
|
$ |
1,484,198 |
|
$ |
15,998,610 |
Total current period gross write-off |
|
$ |
— |
|
$ |
(42) |
|
$ |
(2,190) |
|
$ |
(145) |
|
$ |
(3,551) |
|
$ |
(4,774) |
|
$ |
(1,187) |
|
$ |
(11,889) |
|
| Consumer Portfolio Segment [Member] |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Loans Receivables Related Risk Rating |
For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2025 |
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
Prior |
|
Loans |
|
Total |
Residential 1-4 Family – Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
334,528 |
|
$ |
195,624 |
|
$ |
203,804 |
|
$ |
688,989 |
|
$ |
596,987 |
|
$ |
736,230 |
|
$ |
16,628 |
|
$ |
2,772,790 |
30-59 Days Past Due |
|
|
393 |
|
|
77 |
|
|
2,773 |
|
|
2,865 |
|
|
1,600 |
|
|
10,029 |
|
|
174 |
|
|
17,911 |
60-89 Days Past Due |
|
|
525 |
|
|
700 |
|
|
124 |
|
|
2,186 |
|
|
336 |
|
|
1,757 |
|
|
— |
|
|
5,628 |
90+ Days Past Due |
|
|
— |
|
|
452 |
|
|
309 |
|
|
376 |
|
|
937 |
|
|
3,503 |
|
|
56 |
|
|
5,633 |
Nonaccrual |
|
|
— |
|
|
180 |
|
|
1,146 |
|
|
5,233 |
|
|
3,501 |
|
|
12,690 |
|
|
547 |
|
|
23,297 |
Total Residential 1-4 Family – Consumer |
|
$ |
335,446 |
|
$ |
197,033 |
|
$ |
208,156 |
|
$ |
699,649 |
|
$ |
603,361 |
|
$ |
764,209 |
|
$ |
17,405 |
|
$ |
2,825,259 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(122) |
|
$ |
— |
|
$ |
(53) |
|
$ |
— |
|
$ |
(175) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Revolving |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
19,309 |
|
$ |
12,011 |
|
$ |
23,625 |
|
$ |
37,365 |
|
$ |
8,604 |
|
$ |
4,873 |
|
$ |
1,127,245 |
|
$ |
1,233,032 |
30-59 Days Past Due |
|
|
— |
|
|
21 |
|
|
110 |
|
|
104 |
|
|
— |
|
|
43 |
|
|
3,716 |
|
|
3,994 |
60-89 Days Past Due |
|
|
— |
|
|
11 |
|
|
47 |
|
|
123 |
|
|
— |
|
|
— |
|
|
1,976 |
|
|
2,157 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
273 |
|
|
— |
|
|
— |
|
|
18 |
|
|
3,167 |
|
|
3,458 |
Nonaccrual |
|
|
59 |
|
|
— |
|
|
129 |
|
|
91 |
|
|
— |
|
|
37 |
|
|
5,327 |
|
|
5,643 |
Total Residential 1-4 Family – Revolving |
|
$ |
19,368 |
|
$ |
12,043 |
|
$ |
24,184 |
|
$ |
37,683 |
|
$ |
8,604 |
|
$ |
4,971 |
|
$ |
1,141,431 |
|
$ |
1,248,284 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(375) |
|
$ |
(375) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
1,987 |
|
$ |
1,770 |
|
$ |
36,214 |
|
$ |
88,117 |
|
$ |
36,540 |
|
$ |
13,987 |
|
$ |
— |
|
$ |
178,615 |
30-59 Days Past Due |
|
|
52 |
|
|
— |
|
|
635 |
|
|
1,624 |
|
|
737 |
|
|
284 |
|
|
— |
|
|
3,332 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
113 |
|
|
431 |
|
|
166 |
|
|
87 |
|
|
— |
|
|
797 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
57 |
|
|
221 |
|
|
74 |
|
|
52 |
|
|
— |
|
|
404 |
Nonaccrual |
|
|
— |
|
|
— |
|
|
122 |
|
|
257 |
|
|
147 |
|
|
46 |
|
|
— |
|
|
572 |
Total Auto |
|
$ |
2,039 |
|
$ |
1,770 |
|
$ |
37,141 |
|
$ |
90,650 |
|
$ |
37,664 |
|
$ |
14,456 |
|
$ |
— |
|
$ |
183,720 |
Current period gross write-off |
|
$ |
(146) |
|
$ |
— |
|
$ |
(284) |
|
$ |
(886) |
|
$ |
(246) |
|
$ |
(181) |
|
$ |
— |
|
$ |
(1,743) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
14,244 |
|
$ |
8,307 |
|
$ |
4,691 |
|
$ |
5,986 |
|
$ |
4,856 |
|
$ |
25,883 |
|
$ |
56,839 |
|
$ |
120,806 |
30-59 Days Past Due |
|
|
14 |
|
|
28 |
|
|
11 |
|
|
30 |
|
|
2 |
|
|
309 |
|
|
50 |
|
|
444 |
60-89 Days Past Due |
|
|
30 |
|
|
25 |
|
|
19 |
|
|
21 |
|
|
1 |
|
|
69 |
|
|
6 |
|
|
171 |
90+ Days Past Due |
|
|
4 |
|
|
16 |
|
|
1 |
|
|
16 |
|
|
— |
|
|
8 |
|
|
10 |
|
|
55 |
Nonaccrual |
|
|
— |
|
|
2 |
|
|
— |
|
|
8 |
|
|
2 |
|
|
— |
|
|
— |
|
|
12 |
Total Consumer |
|
$ |
14,292 |
|
$ |
8,378 |
|
$ |
4,722 |
|
$ |
6,061 |
|
$ |
4,861 |
|
$ |
26,269 |
|
$ |
56,905 |
|
$ |
121,488 |
Current period gross write-off |
|
$ |
(10) |
|
$ |
(248) |
|
$ |
(262) |
|
$ |
(50) |
|
$ |
(37) |
|
$ |
(786) |
|
$ |
(179) |
|
$ |
(1,572) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
370,068 |
|
$ |
217,712 |
|
$ |
268,334 |
|
$ |
820,457 |
|
$ |
646,987 |
|
$ |
780,973 |
|
$ |
1,200,712 |
|
$ |
4,305,243 |
30-59 Days Past Due |
|
|
459 |
|
|
126 |
|
|
3,529 |
|
|
4,623 |
|
|
2,339 |
|
|
10,665 |
|
|
3,940 |
|
|
25,681 |
60-89 Days Past Due |
|
|
555 |
|
|
736 |
|
|
303 |
|
|
2,761 |
|
|
503 |
|
|
1,913 |
|
|
1,982 |
|
|
8,753 |
90+ Days Past Due |
|
|
4 |
|
|
468 |
|
|
640 |
|
|
613 |
|
|
1,011 |
|
|
3,581 |
|
|
3,233 |
|
|
9,550 |
Nonaccrual |
|
|
59 |
|
|
182 |
|
|
1,397 |
|
|
5,589 |
|
|
3,650 |
|
|
12,773 |
|
|
5,874 |
|
|
29,524 |
Total Consumer |
|
$ |
371,145 |
|
$ |
219,224 |
|
$ |
274,203 |
|
$ |
834,043 |
|
$ |
654,490 |
|
$ |
809,905 |
|
$ |
1,215,741 |
|
$ |
4,378,751 |
Total current period gross write-off |
|
$ |
(156) |
|
$ |
(248) |
|
$ |
(546) |
|
$ |
(1,058) |
|
$ |
(283) |
|
$ |
(1,020) |
|
$ |
(554) |
|
$ |
(3,865) |
The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
Prior |
|
Loans |
|
Total |
Residential 1-4 Family – Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
137,808 |
|
$ |
171,237 |
|
$ |
287,376 |
|
$ |
277,653 |
|
$ |
151,177 |
|
$ |
241,203 |
|
$ |
13 |
|
$ |
1,266,467 |
30-59 Days Past Due |
|
|
233 |
|
|
405 |
|
|
14 |
|
|
470 |
|
|
954 |
|
|
3,852 |
|
|
— |
|
|
5,928 |
60-89 Days Past Due |
|
|
— |
|
|
28 |
|
|
216 |
|
|
5,546 |
|
|
— |
|
|
1,600 |
|
|
— |
|
|
7,390 |
90+ Days Past Due |
|
|
— |
|
|
150 |
|
|
94 |
|
|
— |
|
|
— |
|
|
1,063 |
|
|
— |
|
|
1,307 |
Nonaccrual |
|
|
— |
|
|
505 |
|
|
2,953 |
|
|
1,109 |
|
|
207 |
|
|
7,951 |
|
|
— |
|
|
12,725 |
Total Residential 1-4 Family – Consumer |
|
$ |
138,041 |
|
$ |
172,325 |
|
$ |
290,653 |
|
$ |
284,778 |
|
$ |
152,338 |
|
$ |
255,669 |
|
$ |
13 |
|
$ |
1,293,817 |
Current period gross write-off |
|
$ |
— |
|
$ |
(76) |
|
$ |
(3) |
|
$ |
— |
|
$ |
— |
|
$ |
(142) |
|
$ |
— |
|
$ |
(221) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Revolving |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
17,522 |
|
$ |
33,934 |
|
$ |
45,558 |
|
$ |
10,407 |
|
$ |
3,578 |
|
$ |
1,731 |
|
$ |
634,744 |
|
$ |
747,474 |
30-59 Days Past Due |
|
|
— |
|
|
11 |
|
|
81 |
|
|
— |
|
|
30 |
|
|
— |
|
|
1,702 |
|
|
1,824 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2,110 |
|
|
2,110 |
90+ Days Past Due |
|
|
— |
|
|
178 |
|
|
130 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,402 |
|
|
1,710 |
Nonaccrual |
|
|
— |
|
|
139 |
|
|
112 |
|
|
— |
|
|
45 |
|
|
— |
|
|
3,530 |
|
|
3,826 |
Total Residential 1-4 Family – Revolving |
|
$ |
17,522 |
|
$ |
34,262 |
|
$ |
45,881 |
|
$ |
10,407 |
|
$ |
3,653 |
|
$ |
1,731 |
|
$ |
643,488 |
|
$ |
756,944 |
Current period gross write-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(28) |
|
$ |
— |
|
$ |
— |
|
$ |
(189) |
|
$ |
(217) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
2,251 |
|
$ |
55,170 |
|
$ |
145,517 |
|
$ |
68,282 |
|
$ |
28,923 |
|
$ |
11,211 |
|
$ |
— |
|
$ |
311,354 |
30-59 Days Past Due |
|
|
— |
|
|
507 |
|
|
1,571 |
|
|
1,053 |
|
|
218 |
|
|
266 |
|
|
— |
|
|
3,615 |
60-89 Days Past Due |
|
|
— |
|
|
97 |
|
|
233 |
|
|
87 |
|
|
— |
|
|
39 |
|
|
— |
|
|
456 |
90+ Days Past Due |
|
|
— |
|
|
10 |
|
|
149 |
|
|
74 |
|
|
31 |
|
|
20 |
|
|
— |
|
|
284 |
Nonaccrual |
|
|
— |
|
|
94 |
|
|
305 |
|
|
113 |
|
|
118 |
|
|
29 |
|
|
— |
|
|
659 |
Total Auto |
|
$ |
2,251 |
|
$ |
55,878 |
|
$ |
147,775 |
|
$ |
69,609 |
|
$ |
29,290 |
|
$ |
11,565 |
|
$ |
— |
|
$ |
316,368 |
Current period gross write-off |
|
$ |
— |
|
$ |
(243) |
|
$ |
(835) |
|
$ |
(335) |
|
$ |
(82) |
|
$ |
(75) |
|
$ |
— |
|
$ |
(1,570) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
13,664 |
|
$ |
7,932 |
|
$ |
12,490 |
|
$ |
6,998 |
|
$ |
5,903 |
|
$ |
27,967 |
|
$ |
28,574 |
|
$ |
103,528 |
30-59 Days Past Due |
|
|
26 |
|
|
73 |
|
|
87 |
|
|
9 |
|
|
10 |
|
|
542 |
|
|
57 |
|
|
804 |
60-89 Days Past Due |
|
|
15 |
|
|
54 |
|
|
56 |
|
|
10 |
|
|
14 |
|
|
333 |
|
|
4 |
|
|
486 |
90+ Days Past Due |
|
|
— |
|
|
4 |
|
|
31 |
|
|
3 |
|
|
4 |
|
|
— |
|
|
2 |
|
|
44 |
Nonaccrual |
|
|
— |
|
|
— |
|
|
13 |
|
|
7 |
|
|
— |
|
|
— |
|
|
— |
|
|
20 |
Total Consumer |
|
$ |
13,705 |
|
$ |
8,063 |
|
$ |
12,677 |
|
$ |
7,027 |
|
$ |
5,931 |
|
$ |
28,842 |
|
$ |
28,637 |
|
$ |
104,882 |
Current period gross write-off |
|
$ |
(6) |
|
$ |
(206) |
|
$ |
(116) |
|
$ |
(31) |
|
$ |
(782) |
|
$ |
(756) |
|
$ |
(162) |
|
$ |
(2,059) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
171,245 |
|
$ |
268,273 |
|
$ |
490,941 |
|
$ |
363,340 |
|
$ |
189,581 |
|
$ |
282,112 |
|
$ |
663,331 |
|
$ |
2,428,823 |
30-59 Days Past Due |
|
|
259 |
|
|
996 |
|
|
1,753 |
|
|
1,532 |
|
|
1,212 |
|
|
4,660 |
|
|
1,759 |
|
|
12,171 |
60-89 Days Past Due |
|
|
15 |
|
|
179 |
|
|
505 |
|
|
5,643 |
|
|
14 |
|
|
1,972 |
|
|
2,114 |
|
|
10,442 |
90+ Days Past Due |
|
|
— |
|
|
342 |
|
|
404 |
|
|
77 |
|
|
35 |
|
|
1,083 |
|
|
1,404 |
|
|
3,345 |
Nonaccrual |
|
|
— |
|
|
738 |
|
|
3,383 |
|
|
1,229 |
|
|
370 |
|
|
7,980 |
|
|
3,530 |
|
|
17,230 |
Total Consumer |
|
$ |
171,519 |
|
$ |
270,528 |
|
$ |
496,986 |
|
$ |
371,821 |
|
$ |
191,212 |
|
$ |
297,807 |
|
$ |
672,138 |
|
$ |
2,472,011 |
Total current period gross write-off |
|
$ |
(6) |
|
$ |
(525) |
|
$ |
(954) |
|
$ |
(394) |
|
$ |
(864) |
|
$ |
(973) |
|
$ |
(351) |
|
$ |
(4,067) |
|