Allowance for Credit Losses on Off-Balance Sheet Credit Exposures |
6 Months Ended |
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Jun. 30, 2025 | |
| Credit Loss [Abstract] | |
| Allowance for Credit Losses on Off-Balance Sheet Credit Exposures | Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Management analyzes the Company's exposure to credit losses for both on-balance sheet and off-balance sheet activity using a consistent methodology for the quantitative framework as well as the qualitative framework. For purposes of estimating the allowance for credit losses for off-balance sheet credit exposures, the exposure that may default includes an estimated drawdown of unused credit based on historical credit utilization factors and current loss factors. For the three and six months ended June 30, 2025, the Company recorded a $241,000 provision benefit and a $69,000 provision charge for credit losses for off-balance sheet credit exposures, respectively. For the three and six months ended June 30, 2024, the Company recorded a $3.7 million and a $3.1 million provision for credit losses for off-balance sheet credit exposures, respectively. The allowance for credit losses for off-balance sheet credit exposures was $7.5 million as of June 30, 2025 and $7.4 million as of December 31, 2024, and is included in other liabilities on the Consolidated Statements of Financial Condition.
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