Loans and Leases Held for Investment

3 Months Ended

Mar. 31, 2026

LOANS AND LEASES HELD FOR INVESTMENT

Our loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired and purchased loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Real estate mortgage	$	13,584,489	$	13,846,097
Real estate construction and land (1)	1,903,999		1,959,591
Commercial	9,048,610		8,994,466
Consumer	346,015		355,333
Total gross loans and leases HFI	24,883,113		25,155,487
Unearned discounts, net (2)	(67,640)		(86,061)
Deferred fees, net	(35,126)		(36,747)
Total loans and leases HFI	24,780,347		25,032,679
Allowance for loan and lease losses	(241,600)		(245,612)
Total loans and leases HFI, net (3)	$	24,538,747	$	24,787,067

____________________

(1) Includes land and acquisition and development loans of $217.8 million and $214.5 million at March 31, 2026 and December 31, 2025.

(2) Represents net acquisition discounts of $143.0 million and net purchase premiums of $75.4 million at March 31, 2026, and net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025.

(3) Excludes accrued interest receivable of $106.2 million and $104.3 million at March 31, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	March 31, 2026
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,828	$	41,058	$	51,886	$	4,041,500	$	4,093,386
Multi-family	32,843		2,536		35,379		5,919,723		5,955,102
Other residential	41,333		37,472		78,805		3,379,605		3,458,410
Total real estate mortgage	85,004		81,066		166,070		13,340,828		13,506,898
Real estate construction and land:
Commercial	32,925		—		32,925		331,650		364,575
Residential	140,687		—		140,687		1,387,067		1,527,754
Total real estate construction and land	173,612		—		173,612		1,718,717		1,892,329
Commercial:
Asset-based	509		—		509		3,208,829		3,209,338
Venture capital	595		—		595		2,321,666		2,322,261
Other commercial (1)	1,501		(115)		1,386		3,500,002		3,501,388
Total commercial	2,605		(115)		2,490		9,030,497		9,032,987
Consumer	2,309		648		2,957		345,176		348,133
Total	$	263,530	$	81,599	$	345,129	$	24,435,218	$	24,780,347

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679

Our policy is to discontinue accruing interest when principal or interest payments are past due 90 days or more, unless the loan is both well secured and in the process of collection, or when collectability is otherwise in doubt in the normal course of business. Interest income on nonaccrual loans is recognized only as cash is received and when the loan's principal balance is deemed collectible.

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	March 31, 2026						December 31, 2025
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	87,548	$	4,005,838	$	4,093,386	$	93,334	$	4,221,303	$	4,314,637
Multi-family	13,200		5,941,902		5,955,102		3,358		6,086,059		6,089,417
Other residential	53,489		3,404,921		3,458,410		57,984		3,288,749		3,346,733
Total real estate mortgage	154,237		13,352,661		13,506,898		154,676		13,596,111		13,750,787
Real estate construction and land:
Commercial	—		364,575		364,575		—		379,387		379,387
Residential	—		1,527,754		1,527,754		—		1,568,240		1,568,240
Total real estate construction and land	—		1,892,329		1,892,329		—		1,947,627		1,947,627
Commercial:
Asset-based	—		3,209,338		3,209,338		—		2,951,010		2,951,010
Venture capital	28,792		2,293,469		2,322,261		625		2,221,472		2,222,097
Other commercial	1,642		3,499,746		3,501,388		2,510		3,801,589		3,804,099
Total commercial	30,434		9,002,553		9,032,987		3,135		8,974,071		8,977,206
Consumer	1,063		347,070		348,133		1,357		355,702		357,059
Total	$	185,734	$	24,594,613	$	24,780,347	$	159,168	$	24,873,511	$	25,032,679

At March 31, 2026, nonaccrual loans and leases included $81.6 million of loans and leases 90 or more days past due, $28.4 million of loans 30 to 89 days past due, and $75.7 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. At December 31, 2025, nonaccrual loans and leases included $92.7 million of loans and leases 90 or more days past due, $15.3 million of loans 30 to 89 days past due, and $51.2 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. As of March 31, 2026, a few of our largest loan relationships on nonaccrual status had an aggregate carrying value of $62.9 million and represented 34% of total nonaccrual loans and leases.

The following tables present the credit risk rating categories for loans and leases HFI by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful.


	March 31, 2026
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	284,897	$	119,711	$	3,688,778	$	4,093,386
Multi-family	239,739		82,083		5,633,280		5,955,102
Other residential	53,587		—		3,404,823		3,458,410
Total real estate mortgage	578,223		201,794		12,726,881		13,506,898
Real estate construction and land:
Commercial	32,925		—		331,650		364,575
Residential	—		363,100		1,164,654		1,527,754
Total real estate construction and land	32,925		363,100		1,496,304		1,892,329
Commercial:
Asset-based	35,473		10,792		3,163,073		3,209,338
Venture capital	172,496		103,592		2,046,173		2,322,261
Other commercial	22,410		4,374		3,474,604		3,501,388
Total commercial	230,379		118,758		8,683,850		9,032,987
Consumer	1,307		5,007		341,819		348,133
Total	$	842,834	$	688,659	$	23,248,854	$	24,780,347


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679

The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the periods indicated:




	At and For the Three Months Ended
	March 31, 2026				March 31, 2025
	Nonaccrual		Interest			Nonaccrual		Interest
	Recorded		Income			Recorded		Income
	Investment		Recognized			Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	122	$	—		$	7,318	$	—

Other residential	131		—			167		—



Commercial:
Asset-based	—		—			1,343		—
Venture capital	28,792		—			163		—
Other commercial	1,176		—			4,254		—
Consumer	1,063		—			992		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	87,426	$	13		$	124,277	$	5
Multi-family	13,200		—			22,614		—
Other residential	53,358		—			44,572		—



Commercial:
Asset-based	—		—			2,297		—

Other commercial	466		6			5,483		—

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,237	$	13		$	198,948	$	5

Commercial	30,434		6			13,540		—
Consumer	1,063		—			992		—
Total	$	185,734	$	19		$	213,480	$	5

The following tables present our loans HFI by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the dates indicated:


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	—	$	18,611	$	1,167	$	2,774	$	16,800	$	107,198	$	—	$	—	$	146,550
3-4.5 Pass	55,245		425,393		150,473		114,275		765,909		1,988,705		36,813		5,415		3,542,228
5 Special mention	—		—		1,282		364		26,824		68,179		—		23,062		119,711
6-8 Classified	—		—		23,823		27,447		99,692		133,935		—		—		284,897
Total	$	55,245	$	444,004	$	176,745	$	144,860	$	909,225	$	2,298,017	$	36,813	$	28,477	$	4,093,386
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	5,100	$	—	$	—	$	—	$	5,100

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	55,361	$	288,812	$	—	$	—	$	344,173
3-4.5 Pass	46,641		429,496		109,536		54,399		2,118,530		2,527,738		2,767		—		5,289,107
5 Special mention	—		10,435		—		3,789		10,078		57,781		—		—		82,083
6-8 Classified	—		—		20,000		1,619		152,968		65,152		—		—		239,739
Total	$	46,641	$	439,931	$	129,536	$	59,807	$	2,336,937	$	2,939,483	$	2,767	$	—	$	5,955,102
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	81,896		827,189		31,771		22,911		260,590		2,074,718		105,748		—		3,404,823
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		4,726		2,521		399		15,802		29,149		990		—		53,587
Total	$	81,896	$	831,915	$	34,292	$	23,310	$	276,392	$	2,103,867	$	106,738	$	—	$	3,458,410
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	—	$	217	$	13	$	—	$	—	$	274


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	6,481		160,994		55,217		53,159		11,439		44,360		—		—		331,650
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		—		32,925		—		—		—		32,925
Total	$	6,481	$	160,994	$	55,217	$	53,159	$	44,364	$	44,360	$	—	$	—	$	364,575
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	8,077	$	—	$	—	$	—	$	8,077

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	9,048		123,998		211,867		158,383		464,592		99,284		97,482		—		1,164,654
5 Special mention	—		16,200		12,017		—		155,694		179,189		—		—		363,100
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	9,048	$	140,198	$	223,884	$	158,383	$	620,286	$	278,473	$	97,482	$	—	$	1,527,754
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	—	$	40,647	$	26,869	$	21,040	$	118,521	$	338,497	$	99,846	$	—	$	645,420
3-4.5 Pass	50,749		340,686		26,347		74,952		133,111		73,661		1,818,147		—		2,517,653
5 Special mention	—		—		—		—		—		636		10,156		—		10,792
6-8 Classified	—		5,580		—		193		5,527		—		24,173		—		35,473
Total	$	50,749	$	386,913	$	53,216	$	96,185	$	257,159	$	412,794	$	1,952,322	$	—	$	3,209,338
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(100)	$	(231)	$	(114)	$	(79)	$	—	$	—	$	135,372	$	22,201	$	157,049
3-4.5 Pass	75,782		108,690		74,750		38,172		23,364		56,085		1,482,614		29,667		1,889,124
5 Special mention	—		25,968		17,269		26,276		1,176		5,881		24,517		2,505		103,592
6-8 Classified	—		—		30,596		38,154		44,305		11,687		47,754		—		172,496
Total	$	75,682	$	134,427	$	122,501	$	102,523	$	68,845	$	73,653	$	1,690,257	$	54,373	$	2,322,261
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	(48)	$	2,797	$	870	$	164	$	19,371	$	142	$	53,053	$	45	$	76,394
3-4.5 Pass	53,734		222,688		47,880		70,567		44,992		288,696		2,638,792		30,861		3,398,210
5 Special mention	—		—		—		—		—		639		3,721		14		4,374
6-8 Classified	—		—		—		—		7,051		497		13,354		1,508		22,410
Total	$	53,686	$	225,485	$	48,750	$	70,731	$	71,414	$	289,974	$	2,708,920	$	32,428	$	3,501,388
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	112	$	1,326	$	178	$	121	$	1,737

Consumer
Internal risk rating:
1-2 High pass	$	—	$	61	$	—	$	—	$	12	$	5	$	383	$	—	$	461
3-4.5 Pass	12,259		26,197		21,764		12,727		49,032		216,909		2,365		105		341,358
5 Special mention	—		—		—		—		693		4,314		—		—		5,007
6-8 Classified	—		—		—		—		288		772		—		247		1,307
Total	$	12,259	$	26,258	$	21,764	$	12,727	$	50,025	$	222,000	$	2,748	$	352	$	348,133
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	909	$	—	$	—	$	909

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	(148)	$	61,885	$	28,792	$	23,899	$	210,065	$	734,654	$	288,654	$	22,246	$	1,370,047
3-4.5 Pass	391,835		2,665,331		729,605		599,545		3,871,559		7,370,156		6,184,728		66,048		21,878,807
5 Special mention	—		52,603		30,568		30,429		194,465		316,619		38,394		25,581		688,659
6-8 Classified	—		10,306		76,940		67,812		358,558		241,192		86,271		1,755		842,834
Total	$	391,687	$	2,790,125	$	865,905	$	721,685	$	4,634,647	$	8,662,621	$	6,598,047	$	115,630	$	24,780,347
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	—	$	13,506	$	2,248	$	178	$	121	$	16,097

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Loan Modifications

The following table presents our loan modifications to our HFI loans and leases granted to borrowers experiencing financial difficulty by type of modification for the year indicated with balances as of the dates indicated:


	Amortized Cost Basis at March 31, 2026
					Term Extension		Term Extension,				% of
	Term		Payment		and Interest		Payment Delay,				Total
	Extension		Delay		Rate Reduction		and Forgiveness		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	54,888	$	967	$	—	$	44,160	$	100,015	2.4	%
Multi-family	28,048		—		—		—		28,048		0.5	%




Commercial:

Venture capital	28,792		—		—		—		28,792		1.2	%
Other commercial	216		147		63		—		426		—	%

Total	$	111,944	$	1,114	$	63	$	44,160	$	157,281


	Amortized Cost Basis at March 31, 2025
							Term Extension,
					Term Extension		Interest Rate				% of
	Term		Payment		and Interest		Reduction, and				Total
	Extension		Delay		Rate Reduction		Payment Delay		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	61,021	$	1,599	$	—	$	—	$	62,620	1.4	%
Multi-family	39,472		—		—		—		39,472		0.6	%
Other residential	972		2,500		—		—		3,472		0.1	%
Real estate construction and land:

Residential	3,120		—		—		—		3,120		0.1	%
Commercial:
Asset-based	2,296		—		—		—		2,296		0.1	%
Venture capital	7,393		—		—		—		7,393		0.4	%
Other commercial	2,154		—		355		146		2,655		0.1	%

Total	$	116,428	$	4,099	$	355	$	146	$	121,028

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the periods indicated:


	Weighted Average for the Three Months Ended March 31, 2026
			Term Extension and
	Term Extension	Payment Delay	Interest Rate Reduction
	(in months)	(in months)	(in months)	(in % points)

Real estate mortgage:
Commercial	10	6	—	—
Multi-family	6	—	—	—




Commercial:

Venture capital	8	—	—	—
Other commercial	65	2	15	3.50	%


	Weighted Average for the Three Months Ended March 31, 2025
			Term Extension and
	Term Extension	Payment Delay	Interest Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	13	6	—	—
Multi-family	5	—	—	—
Other residential	9	3	—	—
Real estate construction and land:
Residential	12	—	—	—
Commercial:
Asset-based	10	—	—	—
Venture capital	12	—	—	—
Other commercial	16	—	56	1.95	%

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Combination - term extension, payment delay, and principal forgiveness. Regarding the combination of term extensions, payment delays, and principal forgiveness, the weighted average financial effect for the three months ended March 31, 2026 for CRE loans included a 64 months maturity extension, a reduced rate of 1.65%, and principal forgiveness of $8.1 million.

Combination - term extension, payment delay, and interest rate reduction. For the three months ended March 31, 2025, other commercial loans included a 61 months maturity extension, a reduced rate of 5.75%, and payment deferrals of 3 months.

The following tables present the payment status of loans that were modified during the preceding 12-month period, with related amortized cost balances, as of the dates indicated:


	Payment Status (Amortized Cost Basis) at March 31, 2026
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	152,377	$	1,949	$	—	$	154,326
Multi-family	43,276		—		—		43,276
Other residential	1,469		—		—		1,469



Commercial:
Asset-based	29,755		—		—		29,755
Venture capital	61,110		—		—		61,110
Other commercial	858		326		—		1,184
Consumer	247		—		—		247
Total	$	289,092	$	2,275	$	—	$	291,367


	Payment Status (Amortized Cost Basis) at March 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	186,826	$	—	$	7,130	$	193,956
Multi-family	39,472		—		—		39,472
Other residential	4,142		—		727		4,869
Real estate construction and land:

Residential	3,120		—		—		3,120
Commercial:
Asset-based	2,296		—		—		2,296
Venture capital	13,116		—		—		13,116
Other commercial	3,246		1,399		—		4,645
Consumer	8		—		—		8
Total	$	252,226	$	1,399	$	7,857	$	261,482

The following tables present information on loans that defaulted during the periods indicated, which had been modified during the preceding 12-month period, with related amortized cost balances as of the dates indicated:



	Amortized Cost Basis at March 31, 2026
			Combination - Term
Loan Modifications That Subsequently Defaulted			Extension and
for the Three Months Ended March 31, 2026	Term Extension		Rate Reduction		Total
	(In thousands)







Commercial:


Other commercial	$	15	$	180	$	195

Total	$	15	$	180	$	195

Amortized Cost Basis

Loan Modifications That Subsequently Defaulted

at March 31, 2025

for the Three Months Ended March 31, 2025

Term Extension

(In thousands)

Commercial:

Other commercial

1,399

Total

1,399

Leases Receivable

We provide equipment financing to our customers primarily with operating and direct financing leases. For direct financing leases, lease receivables are recorded on the balance sheet, but the leased equipment is not, although we generally retain legal title to the leased equipment until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Direct financing leases are subject to our accounting for ACL. See "Note 7. Leases" for information regarding operating leases where we are the lessor.

The following table provides the components of leases receivable income for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	3,552	$	4,055

The following table presents the components of leases receivable as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	164,392	$	151,719
Unguaranteed residual assets	19,675		19,921
Deferred costs and other	2,355		1,793
Aggregate net investment in leases	$	186,422	$	173,433

The following table presents maturities of leases receivable as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	48,781
2027	52,268
2028	39,255
2029	32,246
2030	7,308
Thereafter	3,828
Total undiscounted cash flows	183,686
Less: Unearned income	(19,294)
Present value of lease payments	$	164,392

Allowance for Credit Losses

The ACL is the combination of the ALLL and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets.

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the periods indicated:
















	Three Months Ended March 31, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612
Charge-offs	(5,374)		(8,077)		(1,737)		(909)		(16,097)
Recoveries	802		—		1,307		176		2,285
Net charge-offs	(4,572)		(8,077)		(430)		(733)		(13,812)
Provision	(1,315)		9,623		1,158		334		9,800
Balance, end of period	$	131,514	$	10,395	$	86,815	$	12,876	$	241,600

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	—	$	—	$	2,200	$	—	$	2,200
Collectively evaluated	$	131,514	$	10,395	$	84,615	$	12,876	$	239,400

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	153,985	$	—	$	29,258	$	—	$	183,243
Collectively evaluated	13,352,913		1,892,329		9,003,729		348,133		24,597,104
Ending balance	$	13,506,898	$	1,892,329	$	9,032,987	$	348,133	$	24,780,347
















	Three Months Ended March 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(5,789)		—		(9,582)		(1,180)		(16,551)
Recoveries	311		—		2,104		62		2,477
Net charge-offs	(5,478)		—		(7,478)		(1,118)		(14,074)
Provision	(10,160)		3,184		15,634		1,042		9,700
Balance, end of period	$	130,116	$	14,124	$	75,989	$	14,757	$	234,986

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	1,625	$	—	$	3,327
Collectively evaluated	$	128,414	$	14,124	$	74,364	$	14,757	$	231,659

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	198,839	$	—	$	11,371	$	—	$	210,210
Collectively evaluated	13,293,819		2,861,038		7,367,428		394,032		23,916,317
Ending balance	$	13,492,658	$	2,861,038	$	7,378,799	$	394,032	$	24,126,527

The ALLL decreased by $4.0 million in the first quarter of 2026 to $241.6 million compared to the fourth quarter, due primarily to a $9.8 million provision and net charge-offs of $13.8 million.

For additional information regarding the calculation of the ALLL using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see "Note 1. Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment" of the Notes to Consolidated Financial Statements contained in "Item 8. Financial Statements and Supplementary Data" of the Form 10-K.

A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans HFI by collateral type as of the following dates:


	March 31, 2026		December 31, 2025
	Real					Real		Business
	Property			Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	156,275		$	156,275	$	155,233	$	—	$	155,233

Commercial	—			—		—		625		625

Total	$	156,275		$	156,275	$	155,233	$	625	$	155,858

The following tables present a summary of the activity in the ACL for the periods indicated:


	Three Months Ended March 31, 2026
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	245,612	$	34,921	$	280,533
Charge-offs	(16,097)		—		(16,097)
Recoveries	2,285		—		2,285
Net charge-offs	(13,812)		—		(13,812)
Provision	9,800		—		9,800
Balance, end of period	$	241,600	$	34,921	$	276,521
















	Three Months Ended March 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	239,360	$	29,071	$	268,431
Charge-offs	(16,551)		—		(16,551)
Recoveries	2,477		—		2,477
Net charge-offs	(14,074)		—		(14,074)
Provision	9,700		500		10,200
Balance, end of period	$	234,986	$	29,571	$	264,557