v3.26.1
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
ALLOWANCE FOR CREDIT LOSSES FOR LOANS AND FINANCE LEASES [Abstract]  
Allowance for Credit Losses on Loans and Finance Leases [Table Text Block]
Residential
Mortgage
Loans
Commercial
Mortgage
Loans
Consumer Loans
and Finance
Leases
Construction
Loans
C&I
Loans
Total
Quarter Ended March 31, 2026
(In thousands)
ACL:
Beginning balance
$
41,071
$
5,672
$
23,832
$
41,416
$
137,046
$
249,037
Provision for credit losses - expense (benefit)
239
(2,361)
360
1,017
17,915
17,170
Charge-offs
(130)
-
(562)
(390)
(26,119)
(27,201)
Recoveries
354
13
40
81
5,566
6,054
Ending balance
$
41,534
$
3,324
$
23,670
$
42,124
$
134,408
$
245,060
Residential
Mortgage
Loans
Construction
Loans
Commercial
Mortgage
Loans
C&I
Loans
Consumer Loans
and Finance
Leases
Total
Quarter Ended March 31, 2025
(In thousands)
ACL:
Beginning balance
$
40,654
$
3,824
$
22,447
$
33,034
$
143,983
$
243,942
Provision for credit losses - expense (benefit)
1,004
(421)
1,656
3,353
19,245
24,837
Charge-offs
(235)
-
-
(77)
(27,898)
(28,210)
Recoveries
217
14
40
154
6,275
(1)
6,700
Ending balance
$
41,640
$
3,417
$
24,143
$
36,464
$
141,605
$
247,269
(1) Includes recoveries totaling $
2.4
million associated with the bulk sale of fully charged-off
consumer loans and finance leases.
The tables below present the
ACL related to loans and
finance leases and the carrying
values of loans by portfolio
segment as of
March 31, 2026 and December 31, 2025:
As of March 31, 2026
Residential
Mortgage
Loans
Construction
Loans
Commercial
Mortgage
Loans
C&I
Loans
Consumer Loans
and Finance
Leases
Total
(Dollars in thousands)
Total loans held for investment:
Amortized cost of loans
$
2,914,898
$
195,267
$
2,627,113
$
3,694,843
$
3,658,956
$
13,091,077
Allowance for credit losses
41,534
3,324
23,670
42,124
134,408
245,060
Allowance for credit losses to
amortized cost
1.42
%
1.70
%
0.90
%
1.14
%
3.67
%
1.87
%
As of December 31, 2025
Residential
Mortgage
Loans
Construction
Loans
Commercial
Mortgage
Loans
C&I
Loans
Consumer Loans
and Finance
Leases
Total
(Dollars in thousands)
Total loans held for investment:
Amortized cost of loans
$
2,908,302
$
265,568
$
2,554,252
$
3,688,358
$
3,708,876
$
13,125,356
Allowance for credit losses
41,071
5,672
23,832
41,416
137,046
249,037
Allowance for credit losses to
amortized cost
1.41
%
2.14
%
0.93
%
1.12
%
3.70
%
1.90
%
The following
table presents
the activity
in the
ACL for
unfunded loan
commitments and
standby letters
of credit
for the
quarters
ended March 31, 2026 and 2025:
Quarter Ended March 31,
2026
2025
(In thousands)
Beginning balance
$
3,013
$
3,143
Provision for credit losses - expense (benefit)
107
(63)
Ending balance
$
3,120
$
3,080