LOANS - Summary of Changes in the ACL on Loans (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | $ 155,443 | $ 160,844 | $ 159,319 | $ 151,415 | $ 140,864 | $ 128,889 | $ 159,319 | $ 128,889 | $ 159,319 | $ 128,889 | $ 159,319 | $ 128,889 | $ 89,444 |
Provision for credit losses on loans | 17,925 | 8,482 | 19,942 | 22,362 | 21,816 | 22,282 | 28,424 | 44,098 | 46,349 | 66,460 | 119,262 | 82,560 | 75,435 |
Charge-offs | (171,633) | (58,750) | (38,285) | ||||||||||
Recoveries | 4,256 | 6,620 | 2,295 | ||||||||||
Balance, end of period | $ 151,067 | $ 155,443 | 160,844 | $ 157,815 | $ 151,415 | 140,864 | 155,443 | 151,415 | 151,067 | 157,815 | 111,204 | 159,319 | 128,889 |
Commercial Loan Portfolio | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Charge-offs | (58,442) | (20,304) | |||||||||||
Commercial Loan Portfolio | Commercial | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | 29,672 | 26,035 | 29,672 | 26,035 | 29,672 | 26,035 | 29,672 | 26,035 | 24,768 | ||||
Provision for credit losses on loans | 42,610 | 15,555 | 9,307 | ||||||||||
Charge-offs | (30,453) | (13,703) | (8,441) | ||||||||||
Recoveries | 947 | 1,785 | 401 | ||||||||||
Balance, end of period | 42,776 | 29,672 | 26,035 | ||||||||||
Commercial Loan Portfolio | Commercial real estate | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | 20,229 | 29,290 | 20,229 | 29,290 | 20,229 | 29,290 | 20,229 | 29,290 | 22,993 | ||||
Provision for credit losses on loans | 24,366 | (8,067) | 10,396 | ||||||||||
Charge-offs | (9,998) | (5,000) | (4,106) | ||||||||||
Recoveries | 2,240 | 4,006 | 7 | ||||||||||
Balance, end of period | 36,837 | 20,229 | 29,290 | ||||||||||
Commercial Loan Portfolio | Construction and land development | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | 4,163 | 2,435 | 4,163 | 2,435 | 4,163 | 2,435 | 4,163 | 2,435 | 972 | ||||
Provision for credit losses on loans | 17,375 | 3,296 | 1,439 | ||||||||||
Charge-offs | (17,991) | (1,601) | (6) | ||||||||||
Recoveries | 3 | 33 | 30 | ||||||||||
Balance, end of period | 3,550 | 4,163 | 2,435 | ||||||||||
Residential real estate: | Residential real estate | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | 5,553 | 4,301 | 5,553 | 4,301 | 5,553 | 4,301 | 5,553 | 4,301 | 2,695 | ||||
Provision for credit losses on loans | 3,028 | 1,385 | 1,698 | ||||||||||
Charge-offs | (817) | (271) | (344) | ||||||||||
Recoveries | 238 | 138 | 252 | ||||||||||
Balance, end of period | 8,002 | 5,553 | 4,301 | ||||||||||
Consumer: | Consumer | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | 86,762 | 60,041 | 86,762 | 60,041 | 86,762 | 60,041 | 86,762 | 60,041 | 30,547 | ||||
Provision for credit losses on loans | 16,415 | 59,582 | 53,128 | ||||||||||
Charge-offs | (98,051) | (33,149) | (24,091) | ||||||||||
Recoveries | 274 | 288 | 457 | ||||||||||
Balance, end of period | 5,400 | 86,762 | 60,041 | ||||||||||
Lease financing | |||||||||||||
Changes in allowance for credit losses on loans | |||||||||||||
Balance, beginning of period | $ 12,940 | $ 6,787 | $ 12,940 | $ 6,787 | $ 12,940 | $ 6,787 | 12,940 | 6,787 | 7,469 | ||||
Provision for credit losses on loans | 15,468 | 10,809 | (533) | ||||||||||
Charge-offs | (14,323) | (5,026) | (1,297) | ||||||||||
Recoveries | 554 | 370 | 1,148 | ||||||||||
Balance, end of period | $ 14,639 | $ 12,940 | $ 6,787 |