LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of loans stated at face amount, net of unearned income |
The Company’s LHFI, net, are loans stated at their amortized cost, net of the ALLL and net of unearned income. The LHFI consisted of the following as of the periods ended (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
December 31, 2025 |
Construction and Land Development |
|
|
$ |
2,025,385 |
|
$ |
1,666,381 |
CRE – Owner Occupied |
|
|
|
4,356,099 |
|
|
4,305,796 |
CRE – Non-Owner Occupied |
|
|
|
7,275,895 |
|
|
7,178,515 |
Multifamily Real Estate |
|
|
|
2,382,541 |
|
|
2,418,250 |
Commercial & Industrial |
|
|
|
5,850,846 |
|
|
5,229,728 |
Residential 1-4 Family – Commercial |
|
|
|
984,149 |
|
|
1,100,157 |
Residential 1-4 Family – Consumer |
|
|
|
2,991,674 |
|
|
2,825,259 |
Residential 1-4 Family – Revolving |
|
|
|
1,346,890 |
|
|
1,248,284 |
Auto |
|
|
|
110,418 |
|
|
183,720 |
Consumer |
|
|
|
107,158 |
|
|
121,488 |
Other Commercial |
|
|
|
1,865,561 |
|
|
1,518,589 |
Total LHFI, net of unearned income (1) |
|
|
|
29,296,616 |
|
|
27,796,167 |
Allowance for loan and lease losses |
|
|
|
(301,432) |
|
|
(295,108) |
Total LHFI, net |
|
|
$ |
28,995,184 |
|
$ |
27,501,059 |
(1) Total LHFI, net of unearned income included unamortized deferred fees and costs, as well as unamortized premiums and discounts totaling $693.9 million and $803.2 million as of September 30, 2026 and December 31, 2025, respectively.
|
| Summary of Aging of the Loan Portfolio by Class |
The following table shows the aging of the Company’s LHFI portfolio by class at September 30, 2026 (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 |
|
$ |
2,017,637 |
|
$ |
474 |
|
$ |
850 |
|
$ |
2,353 |
|
$ |
4,071 |
|
$ |
2,025,385 |
|
CRE – Owner Occupied |
|
|
4,326,388 |
|
|
13,431 |
|
|
6,128 |
|
|
4,558 |
|
|
5,594 |
|
|
4,356,099 |
|
CRE – Non-Owner Occupied |
|
|
7,247,248 |
|
|
8,729 |
|
|
4,382 |
|
|
1,735 |
|
|
13,801 |
|
|
7,275,895 |
|
Multifamily Real Estate |
|
|
2,358,222 |
|
|
249 |
|
|
— |
|
|
3,541 |
|
|
20,529 |
|
|
2,382,541 |
|
Commercial & Industrial |
|
|
5,808,937 |
|
|
3,085 |
|
|
6,523 |
|
|
1,904 |
|
|
30,397 |
|
|
5,850,846 |
|
Residential 1-4 Family – Commercial |
|
|
979,347 |
|
|
1,909 |
|
|
558 |
|
|
557 |
|
|
1,778 |
|
|
984,149 |
|
Residential 1-4 Family – Consumer |
|
|
2,951,496 |
|
|
2,359 |
|
|
6,101 |
|
|
7,549 |
|
|
24,169 |
|
|
2,991,674 |
|
Residential 1-4 Family – Revolving |
|
|
1,331,322 |
|
|
3,929 |
|
|
2,090 |
|
|
5,170 |
|
|
4,379 |
|
|
1,346,890 |
|
Auto |
|
|
107,372 |
|
|
1,797 |
|
|
635 |
|
|
317 |
|
|
297 |
|
|
110,418 |
|
Consumer |
|
|
105,858 |
|
|
226 |
|
|
744 |
|
|
327 |
|
|
3 |
|
|
107,158 |
|
Other Commercial |
|
|
1,857,337 |
|
|
766 |
|
|
1,826 |
|
|
4,141 |
|
|
1,491 |
|
|
1,865,561 |
|
Total LHFI, net of unearned income |
|
$ |
29,091,164 |
|
$ |
36,954 |
|
$ |
29,837 |
|
$ |
32,152 |
|
$ |
106,509 |
|
$ |
29,296,616 |
|
% of total loans |
|
|
99.30 |
% |
|
0.13 |
% |
|
0.10 |
% |
|
0.11 |
% |
|
0.36 |
% |
|
100.00 |
% |
The following table shows the aging of the Company’s LHFI portfolio by class at 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 |
% |
|
| 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 the periods ended (dollars in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2026 |
|
2025 |
Construction and Land Development |
|
$ |
— |
|
$ |
2,700 |
CRE – Owner Occupied |
|
|
3,313 |
|
|
1,430 |
CRE – Non-Owner Occupied |
|
|
11,386 |
|
|
10,097 |
Multifamily Real Estate |
|
|
19,850 |
|
|
45,369 |
Commercial & Industrial |
|
|
18,283 |
|
|
2,751 |
Residential 1-4 Family – Commercial |
|
|
224 |
|
|
4,597 |
Residential 1-4 Family – Consumer |
|
|
1,046 |
|
|
1,122 |
Total LHFI, net of unearned income |
|
$ |
54,102 |
|
$ |
68,066 |
|
| 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 three and nine months ended September 30, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
2026 |
|
|
2026 |
|
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
Other-Than-Insignificant Payment Delay |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
— |
|
— |
% |
|
$ |
1,674 |
|
0.03 |
% |
Total Other-Than-Insignificant Payment Delay |
|
$ |
— |
|
|
|
|
$ |
1,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
|
|
|
|
|
|
Construction and Land Development |
|
$ |
— |
|
— |
% |
|
$ |
7 |
|
NM |
% |
Commercial and Industrial |
|
|
— |
|
— |
% |
|
|
132 |
|
NM |
% |
CRE – Owner Occupied |
|
|
809 |
|
0.02 |
% |
|
|
809 |
|
0.02 |
% |
CRE – Non-Owner Occupied |
|
|
17,745 |
|
0.24 |
% |
|
|
17,745 |
|
0.24 |
% |
Residential 1-4 Family – Consumer |
|
|
232 |
|
0.01 |
% |
|
|
670 |
|
0.02 |
% |
Total Term Extension |
|
$ |
18,786 |
|
|
|
|
$ |
19,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Reduction |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
— |
|
— |
% |
|
$ |
285 |
|
NM |
% |
Total Interest Rate Reduction |
|
$ |
— |
|
|
|
|
$ |
285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination – Other-Than-Insignificant Payment Delay and Term Extension |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
1,570 |
|
0.03 |
% |
|
$ |
1,570 |
|
0.03 |
% |
CRE – Non-Owner Occupied |
|
|
— |
|
— |
% |
|
|
15,958 |
|
0.22 |
% |
Total Combination – Other-Than-Insignificant Payment Delay and Term Extension |
|
$ |
1,570 |
|
|
|
|
$ |
17,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination – Term Extension and Interest Rate Reduction |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
149 |
|
NM |
% |
|
$ |
411 |
|
0.01 |
% |
Residential 1-4 Family – Consumer |
|
|
88 |
|
NM |
% |
|
|
796 |
|
0.03 |
% |
Residential 1-4 Family – Revolving |
|
|
— |
|
— |
% |
|
|
78 |
|
0.01 |
% |
Total Combination – Term Extension and Interest Rate Reduction |
|
$ |
237 |
|
|
|
|
$ |
1,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
20,593 |
|
|
|
|
$ |
40,135 |
|
|
|
NM = Not Meaningful
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
2025 |
|
|
2025 |
|
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
|
Amortized Cost |
|
% of Total Class of Financing Receivable |
|
Other-Than-Insignificant Payment Delay |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
— |
|
— |
% |
|
$ |
1,505 |
|
0.03 |
% |
CRE – Non-Owner Occupied |
|
|
— |
|
— |
% |
|
|
3,790 |
|
0.06 |
% |
Other-Than-Insignificant Payment Delay |
|
$ |
— |
|
|
|
|
$ |
5,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Extension |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
25 |
|
NM |
% |
|
$ |
25 |
|
NM |
% |
CRE – Owner Occupied |
|
|
753 |
|
0.02 |
% |
|
|
2,269 |
|
0.05 |
% |
Residential 1-4 Family – Commercial |
|
|
— |
|
— |
% |
|
|
4,633 |
|
0.42 |
% |
Residential 1-4 Family – Consumer |
|
|
433 |
|
0.02 |
% |
|
|
986 |
|
0.04 |
% |
Total Term Extension |
|
$ |
1,211 |
|
|
|
|
$ |
7,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination – Other-Than-Insignificant Payment Delay and Term Extension |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and Industrial |
|
$ |
— |
|
— |
% |
|
$ |
464 |
|
0.01 |
% |
Total Combination – Other-Than-Insignificant Payment Delay and Term Extension |
|
$ |
— |
|
|
|
|
$ |
464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combination – Term Extension and Interest Rate Reduction |
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Consumer |
|
$ |
972 |
|
0.03 |
% |
|
$ |
2,476 |
|
0.09 |
% |
Total Combination – Term Extension and Interest Rate Reduction |
|
$ |
972 |
|
|
|
|
$ |
2,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
2,183 |
|
|
|
|
$ |
16,148 |
|
|
|
|
| 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 three and nine months ended September 30,:
|
|
|
|
|
|
|
|
|
Three Months Ended |
2026 |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
CRE – Non-Owner Occupied |
|
Added a weighted-average 0.5 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Combination – Other-Than-Insignificant Payment Delay and Term Extension |
Loan Type |
|
Financial Effect |
Commercial and Industrial |
|
Added a weighted-average 0.5 years to the life of loans. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
2026 |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
CRE – Non-Owner Occupied |
|
Added a weighted-average 0.6 years to the life of loans. |
|
|
|
|
|
|
|
|
|
|
|
|
Combination – Other-Than-Insignificant Payment Delay and Term Extension |
Loan Type |
|
Financial Effect |
Commercial and Industrial |
|
Added a weighted-average 0.5 years to the life of loans. |
CRE – Non-Owner Occupied |
|
Added a weighted-average 1.1 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Three Months Ended |
2025 |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
Residential 1-4 Family – Consumer |
|
Added a weighted-average 0.9 years to the life of loans. |
|
|
|
|
|
|
|
|
|
Nine Months Ended |
2025 |
|
|
|
|
|
|
|
|
|
Term Extension |
Loan Type |
|
Financial Effect |
CRE – Owner Occupied |
|
Added a weighted-average 0.7 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%. |
|
|
|
|
|
|
|
|
|
|
| Summary of allowance for loan loss activity, by portfolio segment, balances for allowance for credit losses, and loans based on impairment methodology |
The following table shows the ALLL activity by loan segment for the three and nine months ended September 30, reflecting the changes made to the Company’s allowance methodology effective January 1, 2026 (dollars in thousands). See Note 1 “Summary of Significant Accounting Policies” in Part I, Item 1 of this Quarterly Report for additional information on the change in methodology:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
2026 |
|
2026 |
|
|
CRE |
|
Commercial and Industrial |
|
Consumer |
|
Total |
|
CRE |
|
Commercial and Industrial |
|
Consumer |
|
Total |
Balance at beginning of period |
|
$ |
173,761 |
|
$ |
60,492 |
|
$ |
64,503 |
|
$ |
298,756 |
|
$ |
152,477 |
|
$ |
80,336 |
|
$ |
62,295 |
|
$ |
295,108 |
Loans charged-off (1) |
|
|
(15) |
|
|
(3,996) |
|
|
(536) |
|
|
(4,547) |
|
|
(923) |
|
|
(7,844) |
|
|
(1,994) |
|
|
(10,761) |
Recoveries credited to allowance |
|
|
171 |
|
|
1,850 |
|
|
255 |
|
|
2,276 |
|
|
883 |
|
|
2,926 |
|
|
1,102 |
|
|
4,911 |
Provision (release) charged to operations |
|
|
(2,695) |
|
|
6,458 |
|
|
1,184 |
|
|
4,947 |
|
|
18,785 |
|
|
(10,614) |
|
|
4,003 |
|
|
12,174 |
Balance at end of period |
|
$ |
171,222 |
|
$ |
64,804 |
|
$ |
65,406 |
|
$ |
301,432 |
|
$ |
171,222 |
|
$ |
64,804 |
|
$ |
65,406 |
|
$ |
301,432 |
(1) In accordance with GAAP, amounts for the nine months ended September 30, 2026, excluded $39.5 million of net charge-offs related to certain purchased credit deteriorated (“PCD”) loans that met the Company’s charge-off policy at the time of the acquisition. The amounts excluded for the nine months ended September 30, 2026, reflect measurement period adjustments recorded in the first quarter of 2026 related to the Sandy Spring acquisition based on additional information and evidence obtained by the Company relating to events or circumstances existing at the acquisition date. As of March 31, 2026, the purchase accounting was finalized and no longer subject to change.
The following table shows the ALLL activity by loan segment for the three and nine months ended September 30, reflecting the Company’s previous allowance methodology. See Note 1 “Summary of Significant Accounting Policies” in Part I, Item 1 of this Quarterly Report for additional information (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
2025 |
|
2025 |
|
|
Commercial |
|
Consumer |
|
Total |
|
Commercial |
|
Consumer |
|
Total |
Balance at beginning of period |
|
$ |
257,403 |
|
$ |
58,171 |
|
$ |
315,574 |
|
$ |
148,887 |
|
$ |
29,757 |
|
$ |
178,644 |
Initial allowance - PCD loans (1) |
|
|
— |
|
|
— |
|
|
— |
|
|
21,255 |
|
|
7,010 |
|
|
28,265 |
Loans charged-off (1) |
|
|
(39,575) |
|
|
(865) |
|
|
(40,440) |
|
|
(42,958) |
|
|
(2,947) |
|
|
(45,905) |
Recoveries credited to allowance |
|
|
1,223 |
|
|
624 |
|
|
1,847 |
|
|
2,999 |
|
|
1,369 |
|
|
4,368 |
Initial provision - non-PCD loans |
|
|
— |
|
|
— |
|
|
— |
|
|
64,740 |
|
|
24,798 |
|
|
89,538 |
Provision (release) charged to operations |
|
|
14,708 |
|
|
1,346 |
|
|
16,054 |
|
|
38,836 |
|
|
(711) |
|
|
38,125 |
Balance at end of period |
|
$ |
233,759 |
|
$ |
59,276 |
|
$ |
293,035 |
|
$ |
233,759 |
|
$ |
59,276 |
|
$ |
293,035 |
(1) In accordance with GAAP, amounts for the three and nine months ended September 30, 2025, excluded $19.0 million and $53.5 million, respectively, of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition. The amounts excluded for the three and nine months ended September 30, 2025, reflect measurement period adjustments recorded in the second and third quarters of 2025 related to the Sandy Spring acquisition based on additional information and evidence obtained by the Company relating to events or circumstances existing at the acquisition date.
|
| CRE |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of loans receivables related risk rating |
The table below details the amortized cost and gross charge-offs of the classes of loans within the CRE segment by risk level and year of origination as of September 30, reflecting the changes made to the Company’s allowance methodology effective January 1, 2026 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2026 |
|
2025 |
|
2024 |
|
2023 |
|
2022 |
|
Prior |
|
Loans |
|
Total |
Construction and Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
361,949 |
|
$ |
596,183 |
|
$ |
317,838 |
|
$ |
241,190 |
|
$ |
73,128 |
|
$ |
75,929 |
|
$ |
235,251 |
|
$ |
1,901,468 |
Watch |
|
|
25,274 |
|
|
— |
|
|
6,231 |
|
|
21,156 |
|
|
6,281 |
|
|
7,516 |
|
|
10,393 |
|
|
76,851 |
Special Mention |
|
|
896 |
|
|
— |
|
|
6,179 |
|
|
— |
|
|
— |
|
|
4,004 |
|
|
26,240 |
|
|
37,319 |
Substandard |
|
|
— |
|
|
1,424 |
|
|
1,866 |
|
|
1,325 |
|
|
598 |
|
|
4,534 |
|
|
— |
|
|
9,747 |
Total Construction and Land Development |
|
$ |
388,119 |
|
$ |
597,607 |
|
$ |
332,114 |
|
$ |
263,671 |
|
$ |
80,007 |
|
$ |
91,983 |
|
$ |
271,884 |
|
$ |
2,025,385 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE – Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
461,836 |
|
$ |
405,547 |
|
$ |
266,860 |
|
$ |
287,408 |
|
$ |
455,589 |
|
$ |
2,042,129 |
|
$ |
46,276 |
|
$ |
3,965,645 |
Watch |
|
|
948 |
|
|
3,196 |
|
|
18,074 |
|
|
25,993 |
|
|
13,869 |
|
|
116,461 |
|
|
715 |
|
|
179,256 |
Special Mention |
|
|
— |
|
|
11,430 |
|
|
6,717 |
|
|
5,307 |
|
|
17,712 |
|
|
71,481 |
|
|
793 |
|
|
113,440 |
Substandard |
|
|
— |
|
|
641 |
|
|
18,855 |
|
|
15,957 |
|
|
8,548 |
|
|
50,594 |
|
|
3,163 |
|
|
97,758 |
Total CRE – Owner Occupied |
|
$ |
462,784 |
|
$ |
420,814 |
|
$ |
310,506 |
|
$ |
334,665 |
|
$ |
495,718 |
|
$ |
2,280,665 |
|
$ |
50,947 |
|
$ |
4,356,099 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(15) |
|
$ |
(202) |
|
$ |
— |
|
$ |
(217) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRE – Non-Owner Occupied |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
775,813 |
|
$ |
900,556 |
|
$ |
496,997 |
|
$ |
693,457 |
|
$ |
875,149 |
|
$ |
2,888,678 |
|
$ |
98,534 |
|
$ |
6,729,184 |
Watch |
|
|
13,116 |
|
|
27,085 |
|
|
13,298 |
|
|
20,428 |
|
|
104,197 |
|
|
132,411 |
|
|
81 |
|
|
310,616 |
Special Mention |
|
|
— |
|
|
— |
|
|
1,426 |
|
|
20,409 |
|
|
15,269 |
|
|
107,727 |
|
|
— |
|
|
144,831 |
Substandard |
|
|
— |
|
|
1,891 |
|
|
— |
|
|
3,175 |
|
|
14,209 |
|
|
71,989 |
|
|
— |
|
|
91,264 |
Total CRE – Non-Owner Occupied |
|
$ |
788,929 |
|
$ |
929,532 |
|
$ |
511,721 |
|
$ |
737,469 |
|
$ |
1,008,824 |
|
$ |
3,200,805 |
|
$ |
98,615 |
|
$ |
7,275,895 |
Current period gross charge-off |
|
$ |
— |
|
$ |
(142) |
|
$ |
— |
|
$ |
(489) |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(631) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multifamily Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
284,950 |
|
$ |
221,305 |
|
$ |
102,243 |
|
$ |
217,520 |
|
$ |
249,119 |
|
$ |
669,228 |
|
$ |
57,329 |
|
$ |
1,801,694 |
Watch |
|
|
560 |
|
|
50,627 |
|
|
3,146 |
|
|
66,185 |
|
|
64,288 |
|
|
105,734 |
|
|
1,045 |
|
|
291,585 |
Special Mention |
|
|
— |
|
|
— |
|
|
668 |
|
|
21,587 |
|
|
92,418 |
|
|
33,536 |
|
|
— |
|
|
148,209 |
Substandard |
|
|
— |
|
|
— |
|
|
733 |
|
|
3,512 |
|
|
53,106 |
|
|
83,702 |
|
|
— |
|
|
141,053 |
Total Multifamily Real Estate |
|
$ |
285,510 |
|
$ |
271,932 |
|
$ |
106,790 |
|
$ |
308,804 |
|
$ |
458,931 |
|
$ |
892,200 |
|
$ |
58,374 |
|
$ |
2,382,541 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(75) |
|
$ |
— |
|
$ |
(75) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
64,341 |
|
$ |
55,527 |
|
$ |
48,504 |
|
$ |
69,048 |
|
$ |
161,522 |
|
$ |
490,288 |
|
$ |
7,191 |
|
$ |
896,421 |
Watch |
|
|
— |
|
|
25,264 |
|
|
3,637 |
|
|
624 |
|
|
6,953 |
|
|
15,013 |
|
|
3,320 |
|
|
54,811 |
Special Mention |
|
|
— |
|
|
1,650 |
|
|
1,376 |
|
|
444 |
|
|
485 |
|
|
16,333 |
|
|
— |
|
|
20,288 |
Substandard |
|
|
— |
|
|
771 |
|
|
2,327 |
|
|
— |
|
|
1,628 |
|
|
7,903 |
|
|
— |
|
|
12,629 |
Total Residential 1-4 Family – Commercial |
|
$ |
64,341 |
|
$ |
83,212 |
|
$ |
55,844 |
|
$ |
70,116 |
|
$ |
170,588 |
|
$ |
529,537 |
|
$ |
10,511 |
|
$ |
984,149 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial (Farmland) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
— |
|
$ |
1,474 |
|
$ |
147 |
|
$ |
690 |
|
$ |
3,262 |
|
$ |
22,139 |
|
$ |
474 |
|
$ |
28,186 |
Watch |
|
|
563 |
|
|
— |
|
|
— |
|
|
— |
|
|
164 |
|
|
1,356 |
|
|
— |
|
|
2,083 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
65 |
|
|
— |
|
|
7,051 |
|
|
1,820 |
|
|
8,936 |
Substandard |
|
|
— |
|
|
— |
|
|
1,037 |
|
|
— |
|
|
— |
|
|
18 |
|
|
— |
|
|
1,055 |
Total Other Commercial (Farmland) |
|
$ |
563 |
|
$ |
1,474 |
|
$ |
1,184 |
|
$ |
755 |
|
$ |
3,426 |
|
$ |
30,564 |
|
$ |
2,294 |
|
$ |
40,260 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total CRE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,948,889 |
|
$ |
2,180,592 |
|
$ |
1,232,589 |
|
$ |
1,509,313 |
|
$ |
1,817,769 |
|
$ |
6,188,391 |
|
$ |
445,055 |
|
$ |
15,322,598 |
Watch |
|
|
40,461 |
|
|
106,172 |
|
|
44,386 |
|
|
134,386 |
|
|
195,752 |
|
|
378,491 |
|
|
15,554 |
|
|
915,202 |
Special Mention |
|
|
896 |
|
|
13,080 |
|
|
16,366 |
|
|
47,812 |
|
|
125,884 |
|
|
240,132 |
|
|
28,853 |
|
|
473,023 |
Substandard |
|
|
— |
|
|
4,727 |
|
|
24,818 |
|
|
23,969 |
|
|
78,089 |
|
|
218,740 |
|
|
3,163 |
|
|
353,506 |
Total CRE |
|
$ |
1,990,246 |
|
$ |
2,304,571 |
|
$ |
1,318,159 |
|
$ |
1,715,480 |
|
$ |
2,217,494 |
|
$ |
7,025,754 |
|
$ |
492,625 |
|
$ |
17,064,329 |
Total current period gross charge-off |
|
$ |
— |
|
$ |
(142) |
|
$ |
— |
|
$ |
(489) |
|
$ |
(15) |
|
$ |
(277) |
|
$ |
— |
|
$ |
(923) |
|
| Commercial and Industrial |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of loans receivables related risk rating |
The table below details the amortized cost and gross charge-offs of the classes of loans within the Commercial and Industrial segment by risk level and year of origination as of September 30, reflecting the changes made to the Company’s allowance methodology effective January 1, 2026 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2026 |
|
2025 |
|
2024 |
|
2023 |
|
2022 |
|
Prior |
|
Loans |
|
Total |
Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,230,462 |
|
$ |
961,670 |
|
$ |
523,813 |
|
$ |
266,087 |
|
$ |
354,517 |
|
$ |
399,105 |
|
$ |
1,559,483 |
|
$ |
5,295,137 |
Watch |
|
|
24,842 |
|
|
39,637 |
|
|
47,755 |
|
|
58,701 |
|
|
19,973 |
|
|
17,921 |
|
|
89,420 |
|
|
298,249 |
Special Mention |
|
|
111 |
|
|
5,374 |
|
|
12,683 |
|
|
5,300 |
|
|
3,973 |
|
|
28,564 |
|
|
41,169 |
|
|
97,174 |
Substandard |
|
|
— |
|
|
6,445 |
|
|
12,651 |
|
|
32,498 |
|
|
16,462 |
|
|
13,841 |
|
|
78,389 |
|
|
160,286 |
Total Commercial & Industrial |
|
$ |
1,255,415 |
|
$ |
1,013,126 |
|
$ |
596,902 |
|
$ |
362,586 |
|
$ |
394,925 |
|
$ |
459,431 |
|
$ |
1,768,461 |
|
$ |
5,850,846 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
(561) |
|
$ |
(654) |
|
$ |
(1,227) |
|
$ |
(178) |
|
$ |
(1,544) |
|
$ |
(4,164) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Commercial (Other) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
413,820 |
|
$ |
271,663 |
|
$ |
197,228 |
|
$ |
157,587 |
|
$ |
127,392 |
|
$ |
294,999 |
|
$ |
270,819 |
|
$ |
1,733,508 |
Watch |
|
|
10,863 |
|
|
15,366 |
|
|
16,099 |
|
|
9,928 |
|
|
21,687 |
|
|
4,779 |
|
|
— |
|
|
78,722 |
Special Mention |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
74 |
|
|
— |
|
|
491 |
|
|
565 |
Substandard |
|
|
— |
|
|
524 |
|
|
— |
|
|
3,202 |
|
|
2,835 |
|
|
533 |
|
|
5,412 |
|
|
12,506 |
Total Other Commercial (Other) |
|
$ |
424,683 |
|
$ |
287,553 |
|
$ |
213,327 |
|
$ |
170,717 |
|
$ |
151,988 |
|
$ |
300,311 |
|
$ |
276,722 |
|
$ |
1,825,301 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(3,680) |
|
$ |
— |
|
$ |
(3,680) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commercial & Industrial |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
1,644,282 |
|
$ |
1,233,333 |
|
$ |
721,041 |
|
$ |
423,674 |
|
$ |
481,909 |
|
$ |
694,104 |
|
$ |
1,830,302 |
|
$ |
7,028,645 |
Watch |
|
|
35,705 |
|
|
55,003 |
|
|
63,854 |
|
|
68,629 |
|
|
41,660 |
|
|
22,700 |
|
|
89,420 |
|
|
376,971 |
Special Mention |
|
|
111 |
|
|
5,374 |
|
|
12,683 |
|
|
5,300 |
|
|
4,047 |
|
|
28,564 |
|
|
41,660 |
|
|
97,739 |
Substandard |
|
|
— |
|
|
6,969 |
|
|
12,651 |
|
|
35,700 |
|
|
19,297 |
|
|
14,374 |
|
|
83,801 |
|
|
172,792 |
Total Commercial & Industrial |
|
$ |
1,680,098 |
|
$ |
1,300,679 |
|
$ |
810,229 |
|
$ |
533,303 |
|
$ |
546,913 |
|
$ |
759,742 |
|
$ |
2,045,183 |
|
$ |
7,676,147 |
Total current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
(561) |
|
$ |
(654) |
|
$ |
(1,227) |
|
$ |
(3,858) |
|
$ |
(1,544) |
|
$ |
(7,844) |
|
| Commercial |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of loans receivables related risk rating |
The table below details the amortized cost and gross charge-offs of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, reflecting the Company’s previous allowance methodology (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 charge-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 charge-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 charge-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 charge-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 charge-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 charge-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 charge-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 charge-off |
|
$ |
— |
|
$ |
(1,605) |
|
$ |
(209) |
|
$ |
(5,100) |
|
$ |
(50) |
|
$ |
(4,584) |
|
$ |
(34,451) |
|
$ |
(45,999) |
|
| Consumer |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] |
|
| Summary of 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 charge-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of September 30, (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2026 |
|
|
|
Term Loans Amortized Cost Basis by Origination Year |
|
Revolving |
|
|
|
|
|
2026 |
|
2025 |
|
2024 |
|
2023 |
|
2022 |
|
Prior |
|
Loans |
|
Total |
Residential 1-4 Family – Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
353,472 |
|
$ |
332,614 |
|
$ |
179,205 |
|
$ |
179,115 |
|
$ |
653,807 |
|
$ |
1,239,619 |
|
$ |
13,664 |
|
$ |
2,951,496 |
30-59 Days Past Due |
|
|
— |
|
|
260 |
|
|
391 |
|
|
426 |
|
|
481 |
|
|
801 |
|
|
— |
|
|
2,359 |
60-89 Days Past Due |
|
|
— |
|
|
137 |
|
|
36 |
|
|
836 |
|
|
1,317 |
|
|
3,775 |
|
|
— |
|
|
6,101 |
90+ Days Past Due |
|
|
— |
|
|
504 |
|
|
1,168 |
|
|
620 |
|
|
1,730 |
|
|
3,304 |
|
|
223 |
|
|
7,549 |
Nonaccrual |
|
|
— |
|
|
454 |
|
|
619 |
|
|
997 |
|
|
6,078 |
|
|
15,758 |
|
|
263 |
|
|
24,169 |
Total Residential 1-4 Family – Consumer |
|
$ |
353,472 |
|
$ |
333,969 |
|
$ |
181,419 |
|
$ |
181,994 |
|
$ |
663,413 |
|
$ |
1,263,257 |
|
$ |
14,150 |
|
$ |
2,991,674 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
(22) |
|
$ |
(96) |
|
$ |
— |
|
$ |
(41) |
|
$ |
(13) |
|
$ |
(172) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential 1-4 Family – Revolving |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
16,221 |
|
$ |
15,130 |
|
$ |
8,866 |
|
$ |
18,564 |
|
$ |
31,828 |
|
$ |
10,988 |
|
$ |
1,229,725 |
|
$ |
1,331,322 |
30-59 Days Past Due |
|
|
— |
|
|
73 |
|
|
— |
|
|
247 |
|
|
160 |
|
|
13 |
|
|
3,436 |
|
|
3,929 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
229 |
|
|
23 |
|
|
1,838 |
|
|
2,090 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
27 |
|
|
139 |
|
|
30 |
|
|
24 |
|
|
4,950 |
|
|
5,170 |
Nonaccrual |
|
|
— |
|
|
53 |
|
|
— |
|
|
121 |
|
|
75 |
|
|
— |
|
|
4,130 |
|
|
4,379 |
Total Residential 1-4 Family – Revolving |
|
$ |
16,221 |
|
$ |
15,256 |
|
$ |
8,893 |
|
$ |
19,071 |
|
$ |
32,322 |
|
$ |
11,048 |
|
$ |
1,244,079 |
|
$ |
1,346,890 |
Current period gross charge-off |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(125) |
|
$ |
(125) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
2,402 |
|
$ |
1,499 |
|
$ |
1,081 |
|
$ |
23,598 |
|
$ |
55,214 |
|
$ |
23,578 |
|
$ |
— |
|
$ |
107,372 |
30-59 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
362 |
|
|
937 |
|
|
498 |
|
|
— |
|
|
1,797 |
60-89 Days Past Due |
|
|
— |
|
|
— |
|
|
— |
|
|
67 |
|
|
399 |
|
|
169 |
|
|
— |
|
|
635 |
90+ Days Past Due |
|
|
— |
|
|
— |
|
|
18 |
|
|
21 |
|
|
141 |
|
|
137 |
|
|
— |
|
|
317 |
Nonaccrual |
|
|
— |
|
|
29 |
|
|
— |
|
|
28 |
|
|
192 |
|
|
48 |
|
|
— |
|
|
297 |
Total Auto |
|
$ |
2,402 |
|
$ |
1,528 |
|
$ |
1,099 |
|
$ |
24,076 |
|
$ |
56,883 |
|
$ |
24,430 |
|
$ |
— |
|
$ |
110,418 |
Current period gross charge-off |
|
$ |
— |
|
$ |
(25) |
|
$ |
— |
|
$ |
(239) |
|
$ |
(370) |
|
$ |
(270) |
|
$ |
— |
|
$ |
(904) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
12,696 |
|
$ |
9,290 |
|
$ |
4,854 |
|
$ |
2,682 |
|
$ |
2,720 |
|
$ |
25,246 |
|
$ |
48,370 |
|
$ |
105,858 |
30-59 Days Past Due |
|
|
13 |
|
|
45 |
|
|
20 |
|
|
36 |
|
|
8 |
|
|
80 |
|
|
24 |
|
|
226 |
60-89 Days Past Due |
|
|
— |
|
|
48 |
|
|
15 |
|
|
292 |
|
|
24 |
|
|
327 |
|
|
38 |
|
|
744 |
90+ Days Past Due |
|
|
6 |
|
|
33 |
|
|
23 |
|
|
15 |
|
|
9 |
|
|
206 |
|
|
35 |
|
|
327 |
Nonaccrual |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
3 |
|
|
— |
|
|
— |
|
|
3 |
Total Consumer |
|
$ |
12,715 |
|
$ |
9,416 |
|
$ |
4,912 |
|
$ |
3,025 |
|
$ |
2,764 |
|
$ |
25,859 |
|
$ |
48,467 |
|
$ |
107,158 |
Current period gross charge-off |
|
$ |
(30) |
|
$ |
(165) |
|
$ |
(86) |
|
$ |
(24) |
|
$ |
(16) |
|
$ |
(369) |
|
$ |
(103) |
|
$ |
(793) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
$ |
384,791 |
|
$ |
358,533 |
|
$ |
194,006 |
|
$ |
223,959 |
|
$ |
743,569 |
|
$ |
1,299,431 |
|
$ |
1,291,759 |
|
$ |
4,496,048 |
30-59 Days Past Due |
|
|
13 |
|
|
378 |
|
|
411 |
|
|
1,071 |
|
|
1,586 |
|
|
1,392 |
|
|
3,460 |
|
|
8,311 |
60-89 Days Past Due |
|
|
— |
|
|
185 |
|
|
51 |
|
|
1,195 |
|
|
1,969 |
|
|
4,294 |
|
|
1,876 |
|
|
9,570 |
90+ Days Past Due |
|
|
6 |
|
|
537 |
|
|
1,236 |
|
|
795 |
|
|
1,910 |
|
|
3,671 |
|
|
5,208 |
|
|
13,363 |
Nonaccrual |
|
|
— |
|
|
536 |
|
|
619 |
|
|
1,146 |
|
|
6,348 |
|
|
15,806 |
|
|
4,393 |
|
|
28,848 |
Total Consumer |
|
$ |
384,810 |
|
$ |
360,169 |
|
$ |
196,323 |
|
$ |
228,166 |
|
$ |
755,382 |
|
$ |
1,324,594 |
|
$ |
1,306,696 |
|
$ |
4,556,140 |
Total current period gross charge-off |
|
$ |
(30) |
|
$ |
(190) |
|
$ |
(108) |
|
$ |
(359) |
|
$ |
(386) |
|
$ |
(680) |
|
$ |
(241) |
|
$ |
(1,994) |
The following table details the amortized cost and gross charge-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 charge-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 charge-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 charge-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 charge-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 charge-off |
|
$ |
(156) |
|
$ |
(248) |
|
$ |
(546) |
|
$ |
(1,058) |
|
$ |
(283) |
|
$ |
(1,020) |
|
$ |
(554) |
|
$ |
(3,865) |
|