v3.26.1
Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2026
Credit Loss [Abstract]  
Allowance for Credit Losses Allowance for Credit Losses
In accordance with ASC 326, the Company is required to measure the allowance for credit losses of financial assets with similar risk characteristics on a collective or pooled basis. In considering the segmentation of financial assets measured at amortized cost into pools, the Company considered various risk characteristics in its analysis. Generally, the segmentation utilized represents the level at which the Company develops and documents its systematic methodology to determine the allowance for credit losses for the financial assets held at amortized cost, specifically the Company's loan portfolio and debt securities classified as held-to-maturity. Descriptions of the Company’s loan portfolio segments and major debt security types are included in Note (5) “Allowance for Credit Losses” of the 2025 Form 10-K.
In accordance with ASC 326, the Company elected to not measure an allowance for credit losses on accrued interest. As such accrued interest is written off in a timely manner when deemed uncollectible. Any such write-off of accrued interest will reverse previously recognized interest income. In addition, the Company elected to not include accrued interest within presentation and disclosures of the carrying amount of financial assets held at amortized cost. This election is applicable to the various disclosures included within the Company's financial statements. Accrued interest related to financial assets held at amortized cost is included within accrued interest receivable and other assets within the Company's Consolidated Statements of Condition and totaled $326.0 million at March 31, 2026, $312.2 million at December 31, 2025, and $335.4 million at March 31, 2025.
The tables below show the aging of the Company’s loan portfolio by the segmentation noted above at March 31, 2026, December 31, 2025 and March 31, 2025:
As of March 31, 202690+ days and still accruing60-89 days past due30-59 days past due
(In thousands)NonaccrualCurrentTotal Loans
Loan Balances (includes PCD):
Commercial$87,750 $— $9,996 $90,389 $17,575,086 $17,763,221 
Commercial real estate
Construction and development860 — — 7,607 2,315,475 2,323,942 
Non-construction15,897 — 17,133 46,536 11,758,778 11,838,344 
Home equity1,142 — 463 2,012 467,647 471,264 
Residential real estate, excluding early buy-out loans27,360 — 129 30,854 4,261,598 4,319,941 
Premium finance receivables—property & casualty33,891 15,823 16,188 47,936 7,776,493 7,890,331 
Premium finance receivables—life insurance— — 22,690 58,760 9,114,932 9,196,382 
Consumer and other16 10 130 230 122,256 122,642 
Total loans, net of unearned income, excluding early buy-out loans$166,916 $15,833 $66,729 $284,324 $53,392,265 $53,926,067 
Early buy-out loans guaranteed by U.S. government agencies (1)
— 55,678 — 410 89,137 145,225 
Total loans, net of unearned income$166,916 $71,511 $66,729 $284,734 $53,481,402 $54,071,292 
(1)Early buy-out loans are insured or guaranteed by the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.

As of December 31, 202590+ days and still accruing60-89 days past due30-59 days past due
(In thousands)NonaccrualCurrentTotal Loans
Loan Balances (includes PCD):
Commercial$78,059 $— $22,952 $90,205 $16,853,470 $17,044,686 
Commercial real estate
Construction and development2,976 — 1,260 13,456 2,391,890 2,409,582 
Non-construction22,171 — 18,269 52,145 11,438,569 11,531,154 
Home equity1,221 — 1,112 2,818 475,374 480,525 
Residential real estate, excluding early buy-out loans32,862 — 7,562 24,908 4,106,107 4,171,439 
Premium finance receivables—property & casualty29,354 19,115 29,294 57,685 8,047,968 8,183,416 
Premium finance receivables—life insurance— — 13,887 22,806 8,986,949 9,023,642 
Consumer and other8 42 466 643 113,705 114,864 
Total loans, net of unearned income, excluding early buy-out loans$166,651 $19,157 $94,802 $264,666 $52,414,032 $52,959,308 
Early buy-out loans guaranteed by U.S. government agencies (1)
— 53,848 204 1,316 90,425 145,793 
Total loans, net of unearned income$166,651 $73,005 $95,006 $265,982 $52,504,457 $53,105,101 
(1)Early buy-out loans are insured or guaranteed by the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.
As of March 31, 202590+ days and still accruing60-89 days past due30-59 days past due
(In thousands)NonaccrualCurrentTotal Loans
Loan Balances (includes PCD):
Commercial$70,560 $46 $15,243 $97,397 $15,748,080 $15,931,326 
Commercial real estate
Construction and development3,613 — 820 3,994 2,440,454 2,448,881 
Non-construction22,574 — 6,175 79,659 10,357,612 10,466,020 
Home equity2,070 — 984 3,403 449,226 455,683 
Residential real estate, excluding early buy-out loans22,522 — 1,351 38,943 3,498,601 3,561,417 
Premium finance receivables—property & casualty29,846 18,081 19,717 39,459 7,132,759 7,239,862 
Premium finance receivables—life insurance— 2,962 10,587 29,924 8,321,667 8,365,140 
Consumer and other18 98 162 542 115,499 116,319 
Total loans, net of unearned income, excluding early buy-out loans$151,203 $21,187 $55,039 $293,321 $48,063,898 $48,584,648 
Early buy-out loans guaranteed by U.S. government agencies (1)
— 30,460 1,457 2,125 89,700 123,742 
Total loans, net of unearned income$151,203 $51,647 $56,496 $295,446 $48,153,598 $48,708,390 
(1)Early buy-out loans are insured or guaranteed by the Federal Housing Administration (FHA) or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.
Credit Quality Indicators

Credit quality indicators, specifically the Company's internal risk rating systems, reflect how the Company monitors credit losses and represents factors used by the Company when measuring the allowance for credit losses. Descriptions of the Company’s credit quality indicators by financial asset are included in Note (5) “Allowance for Credit Losses” of the 2025 Form 10-K.
The table below shows the Company’s loan portfolio by credit quality indicator and year of origination at March 31, 2026:
Year of OriginationRevolvingTotal
(In thousands)20262025202420232022PriorRevolvingto TermLoans
Loan Balances:
Commercial
Pass$1,128,024 $3,409,076 $2,539,319 $1,466,746 $950,509 $1,706,753 $5,908,872 $4,296 $17,113,595 
Special mention12,932 39,064 17,338 39,832 10,024 49,877 185,800 1,831 356,698 
Substandard accrual38 13,422 42,162 31,142 25,238 26,935 65,876 365 205,178 
Substandard nonaccrual/doubtful699 7,575 9,533 15,633 26,369 27,798 93 50 87,750 
Total commercial, industrial and other$1,141,693 $3,469,137 $2,608,352 $1,553,353 $1,012,140 $1,811,363 $6,160,641 $6,542 $17,763,221 
Construction and development
Pass$44,408 $444,356 $581,752 $406,585 $457,670 $115,354 $13,095 $— $2,063,220 
Special mention— — — 100,199 110,536 17,143 — — 227,878 
Substandard accrual— — — 15,671 13,210 3,103 — — 31,984 
Substandard nonaccrual/doubtful— — — — — 860 — — 860 
Total construction and development$44,408 $444,356 $581,752 $522,455 $581,416 $136,460 $13,095 $— $2,323,942 
Non-construction
Pass$562,305 $2,251,927 $1,340,508 $1,134,410 $1,742,468 $4,143,030 $181,672 $631 $11,356,951 
Special mention89,700 2,038 1,218 54,433 66,903 57,754 1,414 — 273,460 
Substandard accrual— — 17,029 33,319 52,064 89,624 — — 192,036 
Substandard nonaccrual/doubtful— — — 1,347 690 13,860 — — 15,897 
Total non-construction$652,005 $2,253,965 $1,358,755 $1,223,509 $1,862,125 $4,304,268 $183,086 $631 $11,838,344 
Home equity
Pass$— $— $200 $96 $357 $23,237 $430,088 $2,012 $455,990 
Special mention— — 9 — 115 1,611 6,871 87 8,693 
Substandard accrual— — 11 224 19 3,490 1,598 97 5,439 
Substandard nonaccrual/doubtful— — — 98 188 856 — — 1,142 
Total home equity$— $— $220 $418 $679 $29,194 $438,557 $2,196 $471,264 
Residential real estate
Early buy-out loans guaranteed by U.S. government agencies$— $397 $9,574 $9,245 $8,645 $117,364 $— $— $145,225 
Pass332,704 1,081,396 648,227 369,163 734,147 1,091,957 — — 4,257,594 
Special mention165 271 788 3,937 5,593 10,576 — — 21,330 
Substandard accrual— 298 217 1,192 5,876 6,074 — — 13,657 
Substandard nonaccrual/doubtful— 570 3,707 5,876 6,895 10,312 — — 27,360 
Total residential real estate$332,869 $1,082,932 $662,513 $389,413 $761,156 $1,236,283 $— $— $4,465,166 
Premium finance receivables - property and casualty
Pass$3,811,117 $3,950,911 $8,817 $366 $151 $— $— $— $7,771,362 
Special mention20,458 49,969 66 — — — — — 70,493 
Substandard accrual556 14,028 — — 1 — — — 14,585 
Substandard nonaccrual/doubtful276 32,607 1,007 — 1 — — — 33,891 
Total premium finance receivables - property and casualty$3,832,407 $4,047,515 $9,890 $366 $153 $— $— $— $7,890,331 
Premium finance receivables - life (1)
Pass$69,468 $650,710 $817,111 $579,801 $781,930 $6,294,282 $— $— $9,193,302 
Special mention— — — — — — — — 
Substandard accrual— — — — 3,080 — — — 3,080 
Substandard nonaccrual/doubtful— — — — — — — — — 
Total premium finance receivables - life$69,468 $650,710 $817,111 $579,801 $785,010 $6,294,282 $— $— $9,196,382 
Consumer and other
Pass$1,309 $4,898 $1,718 $1,459 $185 $27,834 $84,843 $— $122,246 
Special mention— 108 6 31 80 107 12 — 344 
Substandard accrual— 14 1 5 — 10 6 — 36 
Substandard nonaccrual/doubtful— 9 7 — — — — — 16 
Total consumer and other$1,309 $5,029 $1,732 $1,495 $265 $27,951 $84,861 $— $122,642 
Total loans
Early buy-out loans guaranteed by U.S. government agencies$— $397 $9,574 $9,245 $8,645 $117,364 $— $— $145,225 
Pass5,949,335 11,793,274 5,937,652 3,958,626 4,667,417 13,402,447 6,618,570 6,939 52,334,260 
Special mention123,255 91,450 19,425 198,432 193,251 137,068 194,097 1,918 958,896 
Substandard accrual594 27,762 59,420 81,553 99,488 129,236 67,480 462 465,995 
Substandard nonaccrual/doubtful975 40,761 14,254 22,954 34,143 53,686 93 50 166,916 
Total loans$6,074,159 $11,953,644 $6,040,325 $4,270,810 $5,002,944 $13,839,801 $6,880,240 $9,369 $54,071,292 
Gross write offs
Three months ended March 31, 2026$210 $8,273 $2,053 $3,126 $4,163 $5,824 $— $— $23,649 
(1)For premium finance receivables - life, the year of origination represents when the borrower’s master loan agreement was initially established.

Held-to-maturity debt securities

The Company conducts an assessment of its investment securities, including those classified as held-to-maturity, at the time of purchase and on at least an annual basis to ensure such investment securities remain within appropriate levels of risk and continue to perform satisfactorily in fulfilling its obligations. The Company considers, among other factors, the nature of the securities and credit ratings or financial condition of the issuer. If available, the Company obtains a credit rating for issuers from a Nationally Recognized Statistical Rating Organization (“NRSRO”) for consideration. If no such rating is available for an issuer, the Company performs an internal rating based on the scale utilized within the loan portfolio. For purposes of the table below, the Company has converted any issuer rating from an NRSRO into the Company’s internal ratings based on Investment Policy and review by the Company’s management.
As of March 31, 2026Year of OriginationTotal
(In thousands)20262025202420232022PriorBalance
Amortized Cost Balances:
U.S. government agencies
1-4 internal grade$— $— $— $— $135,000 $178,541 $313,541 
5-7 internal grade— — — — — — — 
8-10 internal grade— — — — — — — 
Total U.S. government agencies$— $— $— $— $135,000 $178,541 $313,541 
Municipal
1-4 internal grade$— $— $— $4,092 $1,025 $132,113 $137,230 
5-7 internal grade— — — — — 1,887 1,887 
8-10 internal grade— — — — — — — 
Total municipal$— $— $— $4,092 $1,025 $134,000 $139,117 
Mortgage-backed securities
1-4 internal grade$— $— $— $252,587 $465,970 $2,070,216 $2,788,773 
5-7 internal grade— — — — — — — 
8-10 internal grade— — — — — — — 
Total mortgage-backed securities$— $— $— $252,587 $465,970 $2,070,216 $2,788,773 
Corporate notes
1-4 internal grade$— $— $— $4,974 $24,059 $29,033 
5-7 internal grade— — — — — — — 
8-10 internal grade— — — — — — — 
Total corporate notes$— $— $— $— $4,974 $24,059 $29,033 
Total held-to-maturity securities$3,270,464 
Less: Allowance for credit losses(257)
Held-to-maturity securities, net of allowance for credit losses$3,270,207 
Measurement of Allowance for Credit Losses

The Company's allowance for credit losses consists of the allowance for loan losses, the allowance for unfunded commitment losses and the allowance for held-to-maturity debt security losses. In accordance with ASC 326, the Company measures the allowance for credit losses at the time of origination or purchase of a financial asset, representing an estimate of lifetime expected credit losses on the related asset. When developing its estimate, the Company considers available information relevant to assessing the collectability of cash flows, from both internal and external sources. Historical credit loss experience is one input in the estimation process as well as inputs relevant to current conditions and reasonable and supportable forecasts. In considering past events, the Company considers the relevance, or lack thereof, of historical information due to changes in such things as financial asset underwriting or collection practices, and changes in portfolio mix due to changing business plans and strategies. In considering current conditions and forecasts, the Company considers both the current economic environment and the forecasted direction of the economic environment with emphasis on those factors deemed relevant to or driving changes in expected credit losses. As significant judgment is required, the review of the appropriateness of the allowance for credit losses is performed quarterly by various committees with participation by the Company's executive management.

March 31,December 31,March 31,
(In thousands)202620252025
Allowance for loan losses$390,651 $379,283 $378,207 
Allowance for unfunded lending-related commitments losses80,683 80,922 69,734 
Allowance for loan losses and unfunded lending-related commitments losses471,334 460,205 447,941 
Allowance for held-to-maturity securities losses257 260 446 
Allowance for credit losses$471,591 $460,465 $448,387 

The allowance for credit losses is measured on a collective or pooled basis when similar risk characteristics exist, based upon the segmentation discussed above. The Company utilizes modeling methodologies that estimate lifetime credit loss rates on each pool. These methodologies include estimating the probability of default and loss given default on the commercial and commercial real estate segments, using the weighted-average remaining maturity methodology for the residential real estate, home equity, and consumer segments, and utilizing an assumption-based approach focusing on historical loss rates for the premium finance receivables segments. Historical credit loss history is adjusted for reasonable and supportable forecasts developed by the Company on a quantitative or qualitative basis and incorporates third party economic forecasts. Reasonable
and supportable forecasts consider the macroeconomic factors that are most relevant to evaluating and predicting expected credit losses in the Company's financial assets. Currently, the Company utilizes an eight quarter forecast period using a single macroeconomic scenario provided by a third party and reviewed for potential adjustments within the Company's governance structure. For periods beyond the ability to develop reasonable and supportable forecasts, the Company reverts to historical loss rates at an input level, straight-line over a four quarter reversion period. Expected credit losses are measured over the contractual term of the financial asset with consideration of expected prepayments. Expected extensions, renewals or modifications of the financial asset are considered when the expected extension, renewal or modification is contained within the existing agreement and is not unconditionally cancelable. The methodologies discussed above are applied to both current asset balances on the Company's Consolidated Statements of Condition and off-balance sheet commitments (i.e. unfunded lending-related commitments).

Assets that do not share similar risk characteristics with a pool are assessed for the allowance for credit losses on an individual basis. These typically include assets experiencing financial difficulties, including assets rated as substandard nonaccrual and doubtful. If foreclosure is probable or the asset is considered collateral-dependent, expected credit losses are measured based upon the fair value of the underlying collateral adjusted for selling costs, if appropriate. Underlying collateral across the Company's segments consist primarily of real estate, land and construction assets as well as general business assets of the borrower. As of March 31, 2026, excluding loans carried at fair value, substandard nonaccrual loans totaling $64.7 million in carrying balance had no related allowance for credit losses.

The Company does not measure an allowance for credit losses on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when assets are placed on nonaccrual status.
Loan portfolios

A summary of activity in the allowance for credit losses, specifically for the loan portfolio (i.e. allowance for loan losses and allowance for unfunded commitment losses), for the three months ended March 31, 2026 and March 31, 2025 is as follows:
Three months ended March 31, 2026Commercial Real EstateHome  EquityResidential Real EstatePremium Finance ReceivablesConsumer and OtherTotal Loans
(In thousands)Commercial
Allowance for credit losses at beginning of period$178,545 $246,933 $10,402 $12,519 $11,011 $795 $460,205 
Other adjustments— — — — (50)— (50)
Charge-offs(8,428)(7,260)— (350)(7,431)(180)(23,649)
Recoveries1,419 6 303 1 3,437 65 5,231 
Provision for credit losses 39,423 (14,809)(492)911 4,424 140 29,597 
Allowance for credit losses at period end$210,959 $224,870 $10,213 $13,081 $11,391 $820 $471,334 
By measurement method:
Individually measured$29,193 $2,165 $— $211 $— $16 $31,585 
Collectively measured181,766 222,705 10,213 12,870 11,391 804 439,749 
Loans at period end
Individually measured$87,750 $16,757 $1,142 $27,272 $— $16 $132,937 
Collectively measured17,675,471 14,145,529 470,122 4,287,424 17,086,713 122,626 53,787,885 
Loans held at fair value— — — 150,470 — — 150,470 
Three months ended March 31, 2025CommercialCommercial Real EstateHome  EquityResidential Real EstatePremium Finance ReceivablesConsumer and OtherTotal Loans
(In thousands)
Allowance for credit losses at beginning of period$175,837 $222,856 $8,943 $10,335 $17,820 $812 $436,603 
Other adjustments— — — — 4 — 4 
Charge-offs(9,722)(454)— — (7,126)(147)(17,449)
Recoveries929 12 216 136 3,487 29 4,809 
Provision for credit losses34,139 (12,404)(20)181 1,854 224 23,974 
Allowance for credit losses at period end$201,183 $210,010 $9,139 $10,652 $16,039 $918 $447,941 
By measurement method:
Individually measured$25,278 $6,772 $85 $43 $— $14 $32,192 
Collectively measured175,905 203,238 9,054 10,609 16,039 904 415,749 
Loans at period end
Individually measured$70,560 $26,187 $2,070 $22,434 $— $18 $121,269 
Collectively measured15,860,766 12,888,714 453,613 3,536,204 15,605,002 116,301 48,460,600 
Loans held at fair value— — — 126,521 — — 126,521 

For the three months ended March 31, 2026 and March 31, 2025, the Company recognized approximately $29.6 million and $24.0 million of provision for credit losses, respectively, related to loans and lending agreements. The provision for each period was primarily the result of losses experienced in the Commercial and Premium Finance Receivables portfolios along with growth across various segments, which was offset by improved macroeconomic forecasts related to CRE Price Index. Net charge-offs in the three month periods ended March 31, 2026 and March 31, 2025, totaled $18.4 million and $12.6 million, respectively.

Held-to-maturity debt securities

The allowance for credit losses on the Company’s held-to-maturity debt securities is presented as a reduction to the amortized cost basis of held-to-maturity securities on the Company's Consolidated Statements of Condition. For the three month periods ended March 31, 2026 and March 31, 2025, the Company recognized approximately $(3,000) and $(11,000), respectively, of provision for credit losses related to held-to-maturity securities. At March 31, 2026 and March 31, 2025, the Company did not identify any held-to-maturity debt securities within its portfolio that would require a charge-off.
Loan Modifications to Borrowers Experiencing Financial Difficulties

The Company’s approach to restructuring or modifying loans is built on its credit risk rating system, which requires credit management personnel to assign a credit risk rating to each loan. In each case, the loan officer is responsible for recommending a credit risk rating for each loan and ensuring the credit risk ratings are appropriate. These credit risk ratings are then reviewed and approved by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors, including a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. The Company’s credit risk rating scale is one through ten with higher scores indicating higher risk. In the case of loans rated six or worse following modification, the Company’s Managed Assets Division evaluates the loan and the credit risk rating and determines that the loan has been restructured to be reasonably assured of repayment and of performance according to the modified terms and is supported by a current, well-documented credit assessment of the borrower’s financial condition and prospects for repayment under the revised terms. Based on the Company’s credit risk rating system, it considers that borrowers whose credit risk rating is 5 or better are not experiencing financial difficulties.

Restructurings may arise when, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to other real estate owned (“OREO”), which is included within other assets in the Consolidated Statements of Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. At March 31, 2026, the Company had no foreclosed residential real estate properties included within OREO. Further, the recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $65.3 million and $65.1 million at March 31, 2026 and 2025, respectively.
The tables below present a summary of the period-end balance of loans to borrowers experiencing financial difficulties during the three and three months ended March 31, 2026 and 2025:
Three Months Ended
March 31, 2026
(Dollars in thousands)
TotalPercentage of Total Class of LoanExtension of TermReduction of 
Interest
Rate		Interest Only
Payments		Delay in Contractual PaymentsExtension of Term and Reduction of Interest Rate
Commercial$20,6420.3 %$5,687 $38 $— $14,897 $20 
Commercial real estate
Construction and development5940.0 594 — — — — 
Non-construction13,1780.1 13,178 — — — — 
Premium finance receivables—property & casualty120.0 12 — — — — 
Total loans$34,4260.1 %$19,471 $38 $— $14,897 $20 

Weighted Average Magnitude of Modifications:
 Three Months Ended March 31, 2026
 (Dollars in thousands)
TotalDuration of Extension of Term (months)Reduction of 
Interest
Rate (bps)		Duration of Delay in Contractual Payments (months)
Commercial$20,642 28267 37
Commercial real estate
Construction and development594 11— — 
Non-construction13,178 3— — 
Premium finance receivables—property & casualty12 1— — 
Total loans$34,426 18267 37

Three Months Ended
March 31, 2025
(Dollars in thousands)
TotalPercentage of Total Class of LoanExtension of
Term		Reduction of 
Interest
Rate		Interest Only PaymentsDelay in Contractual PaymentsExtension of
Term and
Reduction of Interest Rate
Commercial$18,9480.3 %$18,624 $— $32 $— $292 
Residential real estate8730.0 163 — — — 710 
Total loans$19,8210.0 %$18,787 $— $32 $— $1,002 

Weighted Average Magnitude of Modifications:
Three Months Ended March 31, 2025
(Dollars in thousands)
TotalDuration of Extension of Term (months)Reduction of 
Interest
Rate (bps)		Duration of Delay in Contractual Payments (months)
Commercial$18,948 725 — 
Residential real estate873 48162 —
Total loans$19,821 8131 — 


The Company had commitments of $31.2 million and $15.6 million as of March 31, 2026 and March 31, 2025, respectively, to lend additional funds to borrowers experiencing financial difficulty and for whom the Company has modified the terms of loans in the form of principal forgiveness, an interest rate reduction, an other-than insignificant payment delay or a term extension during the periods presented.
The following table presents a summary of all modified loans for borrowers experiencing financial difficulties and such loans that were in payment default under the restructured terms during the respective periods below:
(Dollars in thousands)
For the Twelve Months Ended March 31, 2026
Three Months Ended
March 31, 2026
For the Twelve Months Ended March 31, 2025
Three Months Ended
March 31, 2025
Total
Payments in Default  (1)
Total
Payments in 
Default  (1)
Commercial$45,738 $589 $29,487 $117 
Commercial real estate
Construction and development594 594 701 — 
Non-construction24,462 13,178 379 — 
Home equity117 — — — 
Residential real estate1,156 — 874 710 
Premium finance receivables—property & casualty12 12 676 — 
Total loans$72,079 $14,373 $32,117 $827 
(1)Modified loans considered to be in payment default are over 30 days past due subsequent to the restructuring.