Allowance for Credit Losses and Credit Quality of Loans (Tables)

6 Months Ended

Jun. 30, 2025

Allowance for Credit Losses and Credit Quality of Loans [Abstract]

The following tables present the activity in the allowance for credit losses by our portfolio segments:

(In thousands)	Commercial Loans			Consumer Loans			Residential			Total
Balance as of March 31, 2025	$	48,730		$	41,696		$	26,574		$	117,000
Allowance for credit loss on PCD acquired loans		7,355			-			371			7,726
Charge-offs		(533	)		(3,837	)		(61	)		(4,431	)
Recoveries		409			1,566			95			2,070
Provision		10,060			1,444			6,331			17,835
Ending balance as of June 30, 2025	$	66,021		$	40,869		$	33,310		$	140,200

Balance as of March 31, 2024	$	44,472		$	47,419		$	23,409		$	115,300
Charge-offs		(299	)		(5,328	)		-			(5,627	)
Recoveries		292			1,559			77			1,928
Provision		2,243			4,268			2,388			8,899
Ending balance as of June 30, 2024	$	46,708		$	47,918		$	25,874		$	120,500

(In thousands)	Commercial Loans			Consumer Loans			Residential			Total
Balance as of December 31, 2024	$	45,453		$	43,987		$	26,560		$	116,000
Allowance for credit loss on PCD acquired loans		7,355			-			371			7,726
Charge-offs		(2,755	)		(9,713	)		(118	)		(12,586	)
Recoveries		516			2,972			183			3,671
Provision		15,452			3,623			6,314			25,389
Ending balance as of June 30, 2025	$	66,021		$	40,869		$	33,310		$	140,200

Balance as of December 31, 2023	$	45,903		$	46,427		$	22,070		$	114,400
Charge-offs		(1,284	)		(10,909	)		(114	)		(12,307	)
Recoveries		490			3,210			229			3,929
Provision		1,599			9,190			3,689			14,478
Ending balance as of June 30, 2024	$	46,708		$	47,918		$	25,874		$	120,500

Past due and Nonperforming Loans by Loan Class

The following table sets forth information with regard to past due and nonperforming loans by loan segment:

(In thousands)	31-60 Days Past Due Accruing		61-90 Days Past Due Accruing		Greater Than 90 Days Past Due Accruing		Total Past Due Accruing		Nonaccrual		Current		Recorded Total Loans
As of June 30, 2025
Commercial loans:
C&I	$	1,190	$	1,137	$	33	$	2,360	$	1,759	$	1,670,504	$	1,674,623
CRE		7,861		1,017		-		8,878		18,781		4,592,332		4,619,991
Total commercial loans	$	9,051	$	2,154	$	33	$	11,238	$	20,540	$	6,262,836	$	6,294,614
Consumer loans:
Auto	$	9,719	$	1,850	$	873	$	12,442	$	2,040	$	1,279,399	$	1,293,881
Residential solar		4,208		2,064		981		7,253		176		773,436		780,865
Other consumer		1,152		674		490		2,316		173		89,461		91,950
Total consumer loans	$	15,079	$	4,588	$	2,344	$	22,011	$	2,389	$	2,142,296	$	2,166,696
Residential	$	8,529	$	1,329	$	834	$	10,692	$	20,252	$	3,132,426	$	3,163,370
Total loans	$	32,659	$	8,071	$	3,211	$	43,941	$	43,181	$	11,537,558	$	11,624,680

(In thousands)	31-60 Days Past Due Accruing		61-90 Days Past Due Accruing		Greater Than 90 Days Past Due Accruing		Total Past Due Accruing		Nonaccrual		Current		Recorded Total Loans
As of December 31, 2024
Commercial loans:
C&I	$	398	$	452	$	-	$	850	$	2,116	$	1,427,247	$	1,430,213
CRE		698		191		-		889		30,028		3,665,223		3,696,140
Total commercial loans	$	1,096	$	643	$	-	$	1,739	$	32,144	$	5,092,470	$	5,126,353
Consumer loans:
Auto	$	11,527	$	2,047	$	900	$	14,474	$	2,054	$	1,228,378	$	1,244,906
Residential solar		4,066		1,991		1,599		7,656		212		812,211		820,079
Other consumer		1,552		985		888		3,425		263		105,529		109,217
Total consumer loans	$	17,145	$	5,023	$	3,387	$	25,555	$	2,529	$	2,146,118	$	2,174,202
Residential	$	3,360	$	467	$	2,411	$	6,238	$	11,146	$	2,651,971	$	2,669,355
Total loans	$	21,601	$	6,133	$	5,798	$	33,532	$	45,819	$	9,890,559	$	9,969,910

Credit Quality by Loan Class by Year of Origination (Vintage)

The following tables illustrate the Company’s credit quality by loan class by vintage and includes gross charge-offs by loan class by vintage. Included in other consumer gross charge-offs for the six months ended June 30, 2025, the Company recorded $0.3 million in overdrawn deposit accounts reported as 2024 originations and $0.2 million in overdrawn deposit accounts reported as 2025 originations. Included in other consumer gross charge-offs for the year ended December 31, 2024, the Company recorded $0.2 million in overdrawn deposit accounts reported as 2023 originations and $0.7 million in overdrawn deposit accounts reported as 2024 originations.

(In thousands)	2025			2024			2023			2022			2021			Prior			Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of June 30, 2025
C&I
By internally assigned grade:
Pass	$	139,021		$	259,544		$	173,387		$	174,017		$	160,303		$	195,002		$	452,804	$	967	$	1,555,045
Special mention		-			7,827			4,803			11,206			1,400			9,507			36,582		-		71,325
Substandard		10			2,364			3,169			4,531			3,838			1,846			32,226		130		48,114
Doubtful		-			-			82			50			7			-			-		-		139
Total C&I	$	139,031		$	269,735		$	181,441		$	189,804		$	165,548		$	206,355		$	521,612	$	1,097	$	1,674,623
Current-period gross charge-offs	$	-		$	-		$	(132	)	$	(16	)	$	(25	)	$	(482	)	$	-	$	-	$	(655	)
CRE
By internally assigned grade:
Pass	$	167,358		$	473,837		$	473,593		$	672,518		$	602,447		$	1,483,106		$	370,254	$	37,178	$	4,280,291
Special mention		5,564			2,239			8,778			65,041			16,558			55,830			23,939		-		177,949
Substandard		1,982			13,957			11,303			12,323			17,977			102,426			1,783		-		161,751
Total CRE	$	174,904		$	490,033		$	493,674		$	749,882		$	636,982		$	1,641,362		$	395,976	$	37,178	$	4,619,991
Current-period gross charge-offs	$	-		$	-		$	-		$	-		$	-		$	(2,100	)	$	-	$	-	$	(2,100	)
Auto
By payment activity:
Performing	$	316,061		$	457,230		$	257,740		$	181,044		$	62,272		$	16,621		$	-	$	-	$	1,290,968
Nonperforming		82			779			1,017			635			291			109			-		-		2,913
Total auto	$	316,143		$	458,009		$	258,757		$	181,679		$	62,563		$	16,730		$	-	$	-	$	1,293,881
Current-period gross charge-offs	$	(31	)	$	(723	)	$	(774	)	$	(817	)	$	(413	)	$	(151	)	$	-	$	-	$	(2,909	)
Residential solar
By payment activity:
Performing	$	2,718		$	2,333		$	114,626		$	383,594		$	159,514		$	116,923		$	-	$	-	$	779,708
Nonperforming		-			-			126			568			337			126			-		-		1,157
Total residential solar	$	2,718		$	2,333		$	114,752		$	384,162		$	159,851		$	117,049		$	-	$	-	$	780,865
Current-period gross charge-offs	$	-		$	-		$	(417	)	$	(2,269	)	$	(615	)	$	(536	)	$	-	$	-	$	(3,837	)
Other consumer
By payment activity:
Performing	$	9,813		$	10,047		$	5,042		$	7,402		$	18,473		$	19,011		$	21,474	$	25	$	91,287
Nonperforming		-			21			34			95			281			196			2		34		663
Total other consumer	$	9,813		$	10,068		$	5,076		$	7,497		$	18,754		$	19,207		$	21,476	$	59	$	91,950
Current-period gross charge-offs	$	(235	)	$	(376	)	$	(4	)	$	(611	)	$	(1,107	)	$	(634	)	$	-	$	-	$	(2,967	)
Residential
By payment activity:
Performing	$	53,840		$	227,700		$	257,471		$	426,613		$	495,387		$	1,324,813		$	340,603	$	15,857	$	3,142,284
Nonperforming		-			952			1,793			2,495			3,596			12,250			-		-		21,086
Total residential	$	53,840		$	228,652		$	259,264		$	429,108		$	498,983		$	1,337,063		$	340,603	$	15,857	$	3,163,370
Current-period gross charge-offs	$	-		$	(16	)	$	(88	)	$	-		$	-		$	(14	)	$	-	$	-	$	(118	)
Total loans	$	696,449		$	1,458,830		$	1,312,964		$	1,942,132		$	1,542,681		$	3,337,766		$	1,279,667	$	54,191	$	11,624,680
Current-period gross charge-offs	$	(266	)	$	(1,115	)	$	(1,415	)	$	(3,713	)	$	(2,160	)	$	(3,917	)	$	-	$	-	$	(12,586	)

(In thousands)	2024			2023			2022			2021			2020			Prior			Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
As of December 31, 2024
C&I
By internally assigned grade:
Pass	$	255,824		$	166,780		$	180,095		$	177,839		$	118,826		$	101,755		$	349,443	$	3,588	$	1,354,150
Special mention		272			3,265			3,461			1,639			307			1,008			22,582		4,374		36,908
Substandard		2,419			3,895			2,183			1,555			173			3,878			23,231		1,751		39,085
Doubtful		-			67			2			1			-			-			-		-		70
Total C&I	$	258,515		$	174,007		$	185,741		$	181,034		$	119,306		$	106,641		$	395,256	$	9,713	$	1,430,213
Current-period gross charge-offs	$	-		$	(99	)	$	(1,063	)	$	(162	)	$	-		$	(1,352	)	$	-	$	-	$	(2,676	)
CRE
By internally assigned grade:
Pass	$	414,835		$	352,834		$	550,682		$	514,134		$	414,737		$	912,693		$	314,574	$	45,940	$	3,520,429
Special mention		2,573			14,406			23,747			7,440			4,310			16,888			2,044		1,222		72,630
Substandard		-			1,743			19,182			18,111			2,362			61,029			654		-		103,081
Total CRE	$	417,408		$	368,983		$	593,611		$	539,685		$	421,409		$	990,610		$	317,272	$	47,162	$	3,696,140
Current-period gross charge-offs	$	-		$	-		$	-		$	(2,366	)	$	-		$	-		$	-	$	-	$	(2,366	)
Auto
By payment activity:
Performing	$	557,817		$	321,545		$	238,232		$	90,143		$	19,931		$	14,284		$	-	$	-	$	1,241,952
Nonperforming		594			983			710			459			107			101			-		-		2,954
Total auto	$	558,411		$	322,528		$	238,942		$	90,602		$	20,038		$	14,385		$	-	$	-	$	1,244,906
Current-period gross charge-offs	$	(141	)	$	(1,478	)	$	(1,610	)	$	(837	)	$	(116	)	$	(347	)	$	-	$	-	$	(4,529	)
Residential solar
By payment activity:
Performing	$	4,381		$	121,755		$	398,030		$	166,018		$	56,612		$	71,472		$	-	$	-	$	818,268
Nonperforming		-			213			869			488			80			161			-		-		1,811
Total residential solar	$	4,381		$	121,968		$	398,899		$	166,506		$	56,692		$	71,633		$	-	$	-	$	820,079
Current-period gross charge-offs	$	-		$	(530	)	$	(4,441	)	$	(716	)	$	(201	)	$	(694	)	$	-	$	-	$	(6,582	)
Other consumer
By payment activity:
Performing	$	16,426		$	6,685		$	11,792		$	27,045		$	10,718		$	15,881		$	19,507	$	12	$	108,066
Nonperforming		12			43			207			433			209			202			15		30		1,151
Total other consumer	$	16,438		$	6,728		$	11,999		$	27,478		$	10,927		$	16,083		$	19,522	$	42	$	109,217
Current-period gross charge-offs	$	(735	)	$	(330	)	$	(2,080	)	$	(4,271	)	$	(1,036	)	$	(912	)	$	-	$	-	$	(9,364	)
Residential
By payment activity:
Performing	$	188,657		$	222,593		$	369,473		$	419,053		$	246,867		$	924,869		$	265,351	$	18,935	$	2,655,798
Nonperforming		580			765			766			2,507			160			8,779			-		-		13,557
Total residential	$	189,237		$	223,358		$	370,239		$	421,560		$	247,027		$	933,648		$	265,351	$	18,935	$	2,669,355
Current-period gross charge-offs	$	-		$	(34	)	$	-		$	-		$	-		$	(177	)	$	-	$	-	$	(211	)
Total loans	$	1,444,390		$	1,217,572		$	1,799,431		$	1,426,865		$	875,399		$	2,133,000		$	997,401	$	75,852	$	9,969,910
Current-period gross charge-offs	$	(876	)	$	(2,471	)	$	(9,194	)	$	(8,352	)	$	(1,353	)	$	(3,482	)	$	-	$	-	$	(25,728	)

Amortized Cost Basis of Loans Modified to Borrowers Experiencing Financial Difficulty

The following tables show the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:

	Three Months Ended June 30, 2025
	Term Extension						Combination - Term Extension and Interest Rate Reduction
(Dollars in thousands)	Amortized Cost			% of Total Class of Financing Receivables			Amortized Cost			% of Total Class of Financing Receivables
Residential		$	117		0.004	%		$	28		0.001	%
Total		$	117					$	28

	Three Months Ended June 30, 2024
	Term Extension						Interest Rate Reduction
(Dollars in thousands)	Amortized Cost			% of Total Class of Financing Receivables			Amortized Cost			% of Total Class of Financing Receivables
Residential		$	184		0.007	%		$	30		0.001	%
Total		$	184					$	30

	Six Months Ended June 30, 2025
	Term Extension						Combination - Term Extension and Interest Rate Reduction
(Dollars in thousands)	Amortized Cost			% of Total Class of Financing Receivables			Amortized Cost			% of Total Class of Financing Receivables
Residential		$	894		0.028	%		$	28		0.001	%
Total		$	894					$	28

	Six Months Ended June 30, 2024
	Term Extension						Combination - Term Extension and Interest Rate Reduction
(Dollars in thousands)	Amortized Cost			% of Total Class of Financing Receivables			Amortized Cost			% of Total Class of Financing Receivables
Residential		$	478		0.018	%		$	30		0.001	%
Total		$	478					$	30

Financial Effect of Modifications Made to Borrowers Experiencing Financial Difficulty

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties:

	Three Months Ended June 30, 2025
Loan Type	Term Extension	Interest Rate Reduction
Residential	Added a weighted-average 9.8 years to the life of loans, which reduced monthly payment amounts for the borrowers	Interest Rates were reduced by an average of 0.62%

	Three Months Ended June 30, 2024
Loan Type	Term Extension	Interest Rate Reduction
Residential	Added a weighted-average 5.3 years to the life of loans, which reduced monthly payment amounts for the borrowers	Interest Rates were reduced by an average of 1.0%

	Six Months Ended June 30, 2025
Loan Type	Term Extension	Interest Rate Reduction
Residential	Added a weighted-average 7.5 years to the life of loans, which reduced monthly payment amounts for the borrowers	Interest Rates were reduced by an average of 0.62%

	Six Months Ended June 30, 2024
Loan Type	Term Extension	Interest Rate Reduction
Residential	Added a weighted-average 6.3 years to the life of loans, which reduced monthly payment amounts for the borrowers	Interest Rates were reduced by an average of 1.0%

Payment Default that Modified Loans to Borrowers Experiencing Financial Difficulty

The following tables depict the financing receivables that had a payment default that were modified to borrowers experiencing financial difficulty in the prior twelve months:

	Amortized Cost Basis of Modified Financing Receivables that Subsequently Defaulted
	Three Months Ended June 30,
(In thousands)	2025		2024
Residential	$	11	$	171
Total	$	11	$	171

	Amortized Cost Basis of Modified Financing Receivables that Subsequently Defaulted
	Six Months Ended June 30,
(In thousands)	2025		2024
Residential	$	69	$	171
Total	$	69	$	171

Performance of Modified Loans

The following table depicts the performance of loans that have been modified to borrowers experiencing financial difficulty that were modified in the prior twelve months:

	Payment Status (Amortized Cost Basis)
(In thousands)	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due
As of June 30, 2025
Residential	$	1,692	$	11	$	58	$	-
Total	$	1,692	$	11	$	58	$	-

	Payment Status (Amortized Cost Basis)
(In thousands)	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due
As of June 30, 2024
Residential	$	567	$	120	$	-	$	78
Total	$	567	$	120	$	-	$	78