v3.25.2
Loans and Leases
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Loans and Leases Loans and Leases
The following table presents the amortized cost of loans and leases and weighted average coupon rates for the loan and lease portfolios at the dates indicated:
 At June 30, 2025At December 31, 2024
 BalanceWeighted
Average
Coupon		BalanceWeighted
Average
Coupon
 (Dollars In Thousands)
Commercial real estate loans:    
Commercial real estate$3,913,672 5.44 %$4,027,265 5.40 %
Multi-family mortgage1,401,262 5.18 %1,387,796 5.06 %
Construction170,612 7.21 %301,053 7.00 %
Total commercial real estate loans5,485,546 5.43 %5,716,114 5.40 %
Commercial loans and leases:    
Commercial
1,303,516 6.38 %1,211,714 6.47 %
Equipment financing1,216,831 8.44 %1,294,950 8.27 %
Total commercial loans and leases2,520,347 7.37 %2,506,664 7.40 %
Consumer loans:    
Residential mortgage1,115,504 4.78 %1,114,732 4.69 %
Home equity397,479 7.16 %377,411 7.18 %
Other consumer63,498 6.64 %64,367 6.67 %
Total consumer loans1,576,481 5.45 %1,556,510 5.38 %
Total loans and leases$9,582,374 5.94 %$9,779,288 5.91 %

Accrued interest on loans and leases, which were excluded from the amortized cost of loans and leases totaled $37.3 million and $37.5 million at June 30, 2025 and December 31, 2024, respectively, and were included in other assets in the accompanying consolidated balance sheets.
The net unamortized deferred loan origination costs and premiums and discounts on acquired loans included in total loans and leases were $(14.8) million and $(19.6) million as of June 30, 2025 and December 31, 2024, respectively.
The Banks and their subsidiaries lend primarily in all New England states and New York, with the exception of the equipment financing portfolio, 20.4% of which is in the Greater New York and New Jersey metropolitan area and 79.6% of which is in other areas in the U.S. as of June 30, 2025.
Loans and Leases Pledged as Collateral
As of June 30, 2025 and December 31, 2024, there were $3.8 billion and $3.6 billion respectively of loans and leases pledged as collateral for repurchase agreements; municipal deposits; treasury, tax and loan deposits; swap agreements; FRB borrowings; and FHLB borrowings. The Banks did not have any outstanding FRB borrowings as of June 30, 2025 and December 31, 2024.