v3.26.1
Allowance for Credit Losses
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Allowance for Credit Losses Allowance for Credit Losses
The following tables present the changes in the allowance for loan and lease losses by portfolio segment for the periods indicated:
 Three Months Ended March 31, 2026
 Commercial
Real Estate		CommercialConsumerTotal
 (In Thousands)
Balance at December 31, 2025$142,391 $86,490 $23,958 $252,839 
Charge-offs (7,357)(8,435)(88)(15,880)
Recoveries360 1,824 145 2,329 
Provision (credit) for loan and lease losses excluding unfunded commitments15,040 4,418 (14,369)5,089 
Balance at March 31, 2026$150,434 $84,297 $9,646 $244,377 

 Three Months Ended March 31, 2025
 Commercial
Real Estate		CommercialConsumerTotal
 (In Thousands)
Balance at December 31, 2024$74,171 $44,169 $6,743 $125,083 
Charge-offs— (9,069)(4)(9,073)
Recoveries— 1,422 54 1,476 
Provision (credit) for loan and lease losses excluding unfunded commitments(172)6,834 (3)6,659 
Balance at March 31, 2025$73,999 $43,356 $6,790 $124,145 
The allowance for credit losses for unfunded credit commitments was $16.6 million, and $13.7 million at March 31, 2026 and December 31, 2025, respectively and includes the provision of $2.8 million for credit losses on unfunded commitments during the three months ended March 31, 2026.
Provision for Credit Losses
The provision (credit) for credit losses are set forth below for the periods indicated:
 Three Months Ended March 31,
 20262025
 (In Thousands)
Provision (credit) for loan and lease losses:  
Commercial real estate$15,040 $(172)
Commercial4,418 6,834 
Consumer(14,369)(3)
Total provision (credit) for loan and lease losses5,089 6,659 
Unfunded commitments2,810 (685)
Investment securities available-for-sale47 12 
Total provision (credit) for credit losses$7,946 $5,986 
Allowance for Credit Losses Methodology
Management has established a methodology to determine the adequacy of the ACL that assesses the risks and losses expected on the loan and lease portfolio and unfunded commitments. Additions to the ACL are made by charges to the provision for credit losses. Losses on loans and leases are charged off against the allowance when all or a portion of a loan or lease is considered uncollectible. Subsequent recoveries on loans previously charged off, if any, are credited to the allowance when realized.
For periods in 2025, the Company continued to use the two legacy banks' ACL processes to calculate the expected losses over the remaining life of the portfolio. During the first quarter of 2026, as part of the February core conversion, the ACL process was updated to have a single integrated process that applies to all loans in the Company's portfolio. The Company continues to use models developed by a third party to calculate the allowance for loans collectively evaluated. As part of reviewing the applicability of these models to the combined Beacon Bank footprint, the models were calibrated to the combined Company's footprint and peer bank loss experience.
The Bank’s ACL process uses CRE, C&I, and retail lifetime loss rate models to calculate the expected losses over the life of the loan based on exposure at default, loan attributes, and reasonable, supportable economic forecasts. The exposure at default considers the current unpaid balance and expected utilization assumptions. Key assumptions used in the models include portfolio segmentation, prepayments, and the expected utilization of unfunded commitments, among others. The portfolios are segmented by loan level attributes such as loan type, loan size, date of origination, and delinquency status to create homogenous loan pools. Pool level metrics are calculated and loss rates are subsequently applied to the pools based on loans that have like characteristics. Prepayment assumptions are embedded within the models and are based on the same data used for model development.
Model development data and developmental time periods vary by model, but all use at least ten years of historical data and capture at least one recessionary period. Expected utilization is based on current utilization and a LEQ factor. LEQ varies by current utilization and provides a reasonable estimate of expected draws and borrower behavior. Assumptions and model inputs are reviewed in accordance with model monitoring practices and as new information becomes available.
The ACL estimate incorporates reasonable and supportable forecasts of various macro-economic variables over the remaining life of loans and leases. The development of the reasonable and supportable forecast assumes each macro-economic variable will revert to long-term expectations, with reversion characteristics unique to specific economic indicators and forecasts. Reversion towards long-term expectations generally begins two to three years from the forecast start date and largely completes within the first five years. Management elected to use multiple economic forecasts in determining the reserve to account for economic uncertainty. The forecasts include various projections of gross domestic product, interest rates, property
price indices, and employment measures. Scenario weighting and model parameters are updated to reflect facts and circumstances as of the financial statement date.
As of March 31, 2026, management continued to apply qualitative adjustments to the Company’s models. These adjustments are designed to address model limitations and are generally targeted to specific risks within the certain portfolios or certain risk factors (e.g., office, refi-risk, and specialty vehicle) based on recent collateral valuations and performance trends. Additionally, portfolio level metrics such as delinquency, population of adversely graded loans, non-accruals, etc. are used to inform management’s evaluation of the credit risk in the portfolio and adjustments are made as appropriate. These adjustments included both positive and negative adjustments with a total impact to the ACL estimate of $35.0 million at March 31, 2026. Management reviews these factors on a quarterly basis as market conditions and segment performance evolve.
Specific reserves are established for loans individually evaluated for impairment when amortized cost basis is greater than the discounted present value of expected future cash flows or, in the case of collateral-dependent loans, when there is an excess of a loan's amortized cost basis over the fair value of its underlying collateral. When loans and leases do not share risk characteristics with other financial assets they are evaluated individually. Individually evaluated loans are reviewed quarterly with adjustments made to the calculated reserve as necessary.
The general allowance for loan and lease losses was $165.6 million as of March 31, 2026, compared to $173.4 million as of December 31, 2025.
The specific allowance for loan and lease losses was $78.9 million as of March 31, 2026, compared to $79.4 million as of December 31, 2025.
As of March 31, 2026, management believes the methodology for calculating the allowance is sound and the allowance provides a reasonable basis for determining and reporting on expected losses over the lifetime of the Company’s loan portfolios.
Credit Quality Assessment
At the time of loan origination, a rating is assigned based on the capacity to pay and general financial strength of the borrower, the value of assets pledged as collateral, and the evaluation of third party support such as a guarantor. The Company continually monitors the credit quality of the loan portfolio using all available information. The officer responsible for handling each loan is required to initiate changes to risk ratings when changes in facts and circumstances occur that warrant an upgrade or downgrade in a loan rating. Based on this information, loans demonstrating certain payment issues or other weaknesses may be categorized as delinquent, adversely risk-rated, nonperforming and/or put on nonaccrual status. Additionally, in the course of resolving such loans, the Company may choose to restructure the contractual terms of certain loans to match the borrower's ability to repay the loan based on their current financial condition. If a restructured loan meets certain criteria, it may be categorized as a modified loan.
The Company reviews numerous credit quality indicators when assessing the risk in its loan portfolio. For all loans, the Company utilizes an eight-grade loan rating system, which assigns a risk rating to each borrower based on a number of quantitative and qualitative factors associated with a loan transaction. Factors considered include industry and market conditions; position within the industry; earnings trends; operating cash flow; asset/liability values; debt capacity; guarantor strength; management and controls; financial reporting; collateral; and other considerations. In addition, the Company's independent loan review group evaluates the credit quality and related risk ratings in all loan portfolios. The results of these reviews are reported to the Risk Committee of the Board of Directors on a periodic basis and annually to the Board of Directors. For the consumer loans, the Company heavily relies on payment status for calibrating credit risk.
The ratings categories used for assessing credit risk in the commercial real estate, multi-family mortgage, construction, commercial, equipment financing, condominium association and other consumer loan and lease classes are defined as follows:
1 -4 Rating—Pass
Loan rating grades "1" through "4" are classified as "Pass," which indicates borrowers are performing in accordance with the terms of the loan and are less likely to result in loss due to the capacity of the borrower to pay and the adequacy of the value of assets pledged as collateral.
5 Rating—OAEM
Borrowers exhibit potential credit weaknesses or downward trends deserving management's attention. If not checked or corrected, these trends will weaken the Company's asset and position. While potentially weak, currently these borrowers are marginally acceptable; no loss of principal or interest is envisioned.
6 Rating—Substandard
Borrowers exhibit well defined weaknesses that jeopardize the orderly liquidation of debt. Substandard loans may be inadequately protected by the current net worth and paying capacity of the obligors or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy. Although no immediate loss of principal is envisioned, there is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Collateral coverage may be inadequate to cover the principal obligation.
7 Rating—Doubtful
Borrowers exhibit well-defined weaknesses that jeopardize the orderly liquidation of debt with the added provision that the weaknesses make collection of the debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Serious problems exist to the point where partial loss of principal is likely.
8 Rating—Definite Loss
Borrowers deemed incapable of repayment. Loans to such borrowers are considered uncollectible and of such little value that continuation as active assets of the Company is not warranted.
Assets rated as "OAEM," "substandard" or "doubtful" based on criteria established under banking regulations are collectively referred to as "criticized" assets.
Credit Quality Information
The following table presents the amortized cost basis of loans in each class by credit quality indicator and year of origination as of March 31, 2026.
March 31, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Commercial Real Estate     
Pass$125,088 $567,059 $496,402 $763,816 $1,227,243 $3,443,673 $117,841 $14,114 $6,755,236 
OAEM— 150 1,351 47,280 49,667 132,845 — — 231,293 
Substandard— 282 2,182 7,898 73,090 92,253 25,501 — 201,206 
Total125,088 567,491 499,935 818,994 1,350,000 3,668,771 143,342 14,114 7,187,735 
Current-period gross writeoffs— — 182 68 184 6,923 — — 7,357 
Multi-Family Mortgage
Pass11,944 179,976 154,443 123,632 546,451 1,025,065 42,492 3,957 2,087,960 
OAEM— — — — 43,828 — — — 43,828 
Substandard— — — 1,064 — 15,445 — — 16,509 
Total11,944 179,976 154,443 124,696 590,279 1,040,510 42,492 3,957 2,148,297 
Current-period gross writeoffs— — — — — — — — — 
Construction
March 31, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Pass6,236 182,777 115,698 146,417 52,600 19,941 3,922 — 527,591 
OAEM— — — — 22,750 — — — 22,750 
Substandard— — — — 71,035 — — — 71,035 
Total6,236 182,777 115,698 146,417 146,385 19,941 3,922 — 621,376 
Commercial
Pass130,715 299,457 310,326 301,784 177,165 308,222 1,238,146 26,212 2,792,027 
OAEM— 7,840 758 421 18,065 3,835 18,640 318 49,877 
Substandard— 124 8,806 3,603 4,369 15,192 63,509 778 96,381 
Doubtful— — — 184 — — — — 184 
Total130,715 307,421 319,890 305,992 199,599 327,249 1,320,295 27,308 2,938,469 
Current-period gross writeoffs— 138 1,567 548 396 3,401 — — 6,050 
Equipment Financing
Pass27,558 193,120 227,296 222,328 177,510 171,113 2,537 4,152 1,025,614 
OAEM9,258 722 3,755 8,200 7,888 6,917 — 9,233 45,973 
Substandard— — — — 1,918 — — — 1,918 
Total36,816 193,842 231,051 230,528 187,316 178,030 2,537 13,385 1,073,505 
Current-period gross writeoffs— — — 48 — 2,336 — — 2,384 
March 31, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Residential
Pass43,751 326,374 348,321 516,620 679,753 1,235,901 4,700 — 3,155,420 
OAEM— — — — — 1,624 — — 1,624 
Substandard— — — — 442 10,063 — — 10,505 
Total43,751 326,374 348,321 516,620 680,195 1,247,588 4,700 — 3,167,549 
Current-period gross writeoffs— — — — — — — — — 
Home Equity
Pass4,367 2,000 1,936 7,072 7,419 34,354 588,235 6,552 651,935 
OAEM— — — — — 27 356 — 383 
Substandard18 41 29 205 — 268 2,961 397 3,919 
Total4,385 2,041 1,965 7,277 7,419 34,649 591,552 6,949 656,237 
Current-period gross writeoffs— — — — — — — — — 
Other Consumer
Pass3,940 8,027 18,015 17,430 6,804 6,636 69,886 8 130,746 
OAEM— 7 2 23 1 — 3 — 36 
Substandard— 19 20 25 17 41 84 — 206 
Total3,940 8,053 18,037 17,478 6,822 6,677 69,973 8 130,988 
Current-period gross writeoffs— 9 38 18 8 15 — — 88 
Total
Pass353,599 1,758,790 1,672,437 2,099,099 2,874,945 6,244,905 2,067,759 54,995 17,126,529 
OAEM9,258 8,719 5,866 55,924 142,199 145,248 18,999 9,551 395,764 
Substandard18 466 11,037 12,795 150,871 133,262 92,055 1,175 401,679 
Doubtful— — — 184 — — — — 184 
March 31, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Total$362,875 $1,767,975 $1,689,340 $2,168,002 $3,168,015 $6,523,415 $2,178,813 $65,721 $17,924,156 
As of March 31, 2026, there were no loans categorized as definite loss.
    
During the first quarter of 2026, the Company fully risk rated our consumer portfolio, whereby the current risk rating provides an accurate indicator of credit quality. As such we updated the above table to include risk rating for the Consumer portfolio vs FICO in prior periods. Prior periods remain unchanged.
The following tables present the recorded investment in loans in each class as of December 31, 2025, by credit quality indicator.
December 31, 2025
20252024202320222021PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Commercial Real Estate      
Pass$546,268 $496,486 $713,257 $1,377,041 $1,144,463 $2,524,605 $45,663 $14,944 $6,862,727 
OAEM14,599 732 53,420 42,680 43,317 37,747 — 387 192,882 
Substandard— 24,867 3,963 56,316 7,427 84,232 2,983 — 179,788 
Total560,867 522,085 770,640 1,476,037 1,195,207 2,646,584 48,646 15,331 7,235,397 
Current -period gross writeoffs— 569 18 4,641 — 3,458 — — 8,686 
Multi-Family Mortgage
Pass165,979 110,718 113,109 618,623 278,798 811,649 4,551 3,982 2,107,409 
OAEM— — — 10,876 — — — — 10,876 
Substandard— — 1,066 2,863 11,477 22,289 — — 37,695 
December 31, 2025
20252024202320222021PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Total165,979 110,718 114,175 632,362 290,275 833,938 4,551 3,982 2,155,980 
Current -period gross writeoffs— — — — — 2,332— — 2,332
Construction
Pass159,217 148,651 145,038 87,874 16,938 332 3,188 — 561,238 
OAEM— — — 37,689 — — — — 37,689 
Substandard— — — 21,790 — — — — 21,790 
Total159,217 148,651 145,038 147,353 16,938 332 3,188 — 620,717 
Commercial
Pass314,833 302,916 311,533 162,007 177,421 174,533 1,180,768 12,790 2,636,801 
OAEM— 774 236 20,727 135 4,361 35,864 339 62,436 
Substandard— 8,231 4,746 4,283 5,378 11,421 49,974 698 84,731 
Doubtful— — 184 — — — — — 184 
Total314,833 311,921 316,699 187,017 182,934 190,315 1,266,606 13,827 2,784,152 
Current-period gross writeoffs— 1,082 210 5,199 106 7,353 1,467 — 15,417 
Equipment Financing
Pass196,359 241,981 265,403 210,829 94,341 101,526 2,951 4,359 1,117,749 
OAEM— — — 878 597 — — — 1,475 
Substandard138 3,778 12,026 8,090 2,532 3,959 — 11,541 42,064 
Doubtful— — — 1,918 — 5 — — 1,923 
Total196,497 245,759 277,429 221,715 97,470 105,490 2,951 15,900 1,163,211 
Current-period gross writeoffs— 870 6,421 5,263 1,097 1,966 — — 15,617 
Other Consumer
Pass10,735 19,553 19,614 7,792 3,311 4,270 75,916 14 141,205 
OAEM12 — — 5 — 1 5 — 23 
Substandard1 41 2 46 6 7 32 — 135 
Total10,748 19,594 19,616 7,843 3,317 4,278 75,953 14 141,363 
Current-period gross writeoffs27 14 11 1 — 19 62 — 134 
Total
Pass1,393,391 1,320,305 1,567,954 2,464,166 1,715,272 3,616,915 1,313,037 36,089 13,427,129 
OAEM14,611 1,506 53,656 112,855 44,049 42,109 35,869 726 305,381 
Substandard139 36,917 21,803 93,388 26,820 121,908 52,989 12,239 366,203 
Doubtful— — 184 1,918 — 5 — — 2,107 
Total$1,408,141 $1,358,728 $1,643,597 $2,672,327 $1,786,141 $3,780,937 $1,401,895 $49,054 $14,100,820 
As of December 31, 2025, there were no loans categorized as definite loss.
At December 31, 2025
20252024202320222021PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
 (In Thousands)
Residential  
Credit Scores  
Over 700$311,693 $330,183 $497,233 $542,388 $250,604$746,295 $3,000 $— $2,681,396 
661 - 70010,890 15,515 23,97630,852 15,80574,101 8 — 171,147 
600 and below4,983 8,539 10,52815,014 11,30643,250 — — 93,620 
Data not available*
24,658 3,334 5,729 103,341 6,076144,124 — — 287,262 
Total$352,224 $357,571 $537,466 $691,595 $283,791$1,007,770 $3,008 $— $3,233,425 
Current-period gross writeoffs— — — — — 1 — — 1 
Home Equity
Credit Scores
Over 700$5,286 $1,882 $6,714$7,087 $7,111$26,203 $542,324 $3,737 $600,344 
661 - 700— 23 54559 1772,211 55,752 986 59,762 
600 and below95 117 789131 124952 27,538 2,652 32,398 
Data not available*
2 — 13 — — 50 2,738 — 2,803 
Total$5,383 $2,022 $7,570$7,777 $7,412$29,416 $628,352 $7,375 $695,307 
Current-period gross writeoffs$— $— $— $— $— $— $64 $— 64 
_______________________________________________________________________________
* Primarily represents loans made to trusts and purchased mortgages.
Age Analysis of Past Due Loans and Leases
The following table presents an age analysis of the amortized cost basis in loans and leases as of March 31, 2026.
 At March 31, 2026
 Past Due  Past
Due Greater
Than 90 Days
and Accruing		 
 31-60
Days		61-90
Days		Greater
Than
90 Days		TotalCurrentTotal Loans
and Leases		Non-accrual
Non-accrual
with No Related Allowance
 (In Thousands)
Commercial real estate loans:
Commercial real estate$24,820 $18,851 $25,368 $69,039 $7,118,696 $7,187,735 $233 $65,127 $8,122 
Multi-family mortgage144 819 8,258 9,221 2,139,076 2,148,297 — 12,995 — 
Construction— — — — 621,376 621,376 — — — 
Total commercial real estate loans24,964 19,670 33,626 78,260 9,879,148 9,957,408 233 78,122 8,122 
Commercial loans and leases:
Commercial7,249 578 20,900 28,727 2,909,742 2,938,469 205 22,626 9,663 
Equipment financing21,058 9,204 31,583 61,845 1,011,660 1,073,505 — 38,633 14,498 
Total commercial loans and leases28,307 9,782 52,483 90,572 3,921,402 4,011,974 205 61,259 24,161 
Consumer loans:
Residential mortgage9,565 1,836 7,465 18,866 3,148,683 3,167,549 4,698 5,807 5,865 
Home equity1,938 718 1,897 4,553 651,684 656,237 697 3,222 3,223 
Other consumer437 76 133 646 130,342 130,988 1 206 206 
Total consumer loans11,940 2,630 9,495 24,065 3,930,709 3,954,774 5,396 9,235 9,294 
Total loans and leases$65,211 $32,082 $95,604 $192,897 $17,731,259 $17,924,156 $5,834 $148,616 $41,577 
The Company did not recognize any interest income on nonaccrual loans for the three and nine months ended March 31, 2026.

The following tables present an age analysis of the recorded investment in originated and acquired loans and leases as of December 31, 2025.
 At December 31, 2025
 Past Due  Loans and
Leases Past
Due Greater
Than 90 Days
and Accruing		 Non-accrual
with No Related Allowance
 31-60
Days		61-90
Days		Greater
Than
90 Days		TotalCurrentTotal Loans
and Leases		Non-accrual
 (In Thousands)
Commercial real estate loans:
Commercial real estate$10,348 $7,457 $21,663 $39,468 $7,195,929 $7,235,397 $3,250 $41,246 $1,340 
Multi-family mortgage148 — 18,400 18,548 2,137,432 2,155,980 14,340 4,065 1,066 
Construction— — 15,000 15,000 605,717 620,717 15,000 — — 
Total commercial real estate loans10,496 7,457 55,063 73,016 9,939,078 10,012,094 32,590 45,311 2,406 
Commercial loans and leases:
Commercial2,762 219 16,798 19,779 2,764,373 2,784,152 320 16,716 1,735 
Equipment financing12,513 7,456 36,795 56,764 1,106,447 1,163,211 112 42,718 2,531 
Total commercial loans and leases15,275 7,675 53,593 76,543 3,870,820 3,947,363 432 59,434 4,266 
Consumer loans:
Residential mortgage8,429 4,014 8,443 20,886 3,212,539 3,233,425 3,970 6,465 1,323 
Home equity2,793 1,030 1,486 5,309 689,998 695,307 811 2,811 32 
Other consumer287 68 133 488 140,875 141,363 20 135 — 
Total consumer loans11,509 5,112 10,062 26,683 4,043,412 4,070,095 4,801 9,411 1,355 
Total loans and leases$37,280 $20,244 $118,718 $176,242 $17,853,310 $18,029,552 $37,823 $114,156 $8,027 
Individually Evaluated Loans and Leases
Loans and leases which do not share similar risk characteristics with other loans are individually evaluated for credit losses. A loan is individually evaluated when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. The loans and leases risk-rated "substandard" or worse are individually evaluated. Specific reserves are established for loans and leases with deterioration in the present value of expected future cash flows or, in the case of collateral-dependent loans and leases, any increase in the loan or lease amortized cost basis over the fair value of the underlying collateral discounted for estimated selling costs. In contrast, the loans and leases which share similar risk characteristics and are not included in the individually evaluated population are collectively evaluated for credit losses.
The following tables present information regarding individually evaluated and collectively evaluated allowance for loan and lease losses for credit losses on loans and leases at the dates indicated.
At March 31, 2026
Commercial Real EstateCommercialConsumerTotal
(In Thousands)
Allowance for Loan and Lease Losses:
Individually evaluated$46,852 $32,044 $— $78,896 
Collectively evaluated103,582 52,253 9,646 165,481 
Total$150,434 $84,297 $9,646 $244,377 
Loans and Leases:
Individually evaluated$277,911 $114,485 $— $392,396 
Collectively evaluated9,679,497 3,897,489 3,954,774 17,531,760 
Total$9,957,408 $4,011,974 $3,954,774 $17,924,156 

At December 31, 2025
Commercial Real EstateCommercialConsumerTotal
(In Thousands)
Allowance for Loan and Lease Losses:
Individually evaluated $47,329 $31,909 $178 $79,416 
Collectively evaluated 95,062 54,581 23,780 173,423 
Total loans and leases$142,391 $86,490 $23,958 $252,839 
Loans and Leases:
Individually evaluated $240,753 $111,589 $1,801 $354,143 
Collectively evaluated 9,771,341 3,835,774 4,068,294 17,675,409 
Total loans and leases$10,012,094 $3,947,363 $4,070,095 $18,029,552 

Loan Modifications
The following tables present the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the periods indicated.

Three Months Ended March 31, 2026
Number of LoansAmortized Cost% of Total Class of Loans and LeasesFinancial Effect
(In thousands)
Maturity Extension:
CRE1$135 — %
Loan was given a 5 year extension. The financial effect was deemed "de minimis.
C&I45,904 0.20 %Loans were given multi-month extensions totaling over a year. The financial effect was deemed "de minimis".
Significant Payment Delays:
Commercial Real Estate1243 — %
Loan was given multiple deferrals of past 12 months totaling over 180 days. The financial effect was deemed "de minimis".
Combination - Maturity Extension and Significant Payment Delays
CRE18,6680.12 %
Loan was given 6 month
extensions, and reductions in their stated interest rates of 2.5%. The financial
effect was deemed "de minimis."
Equipment financing27010.07 %
Loans were given a 33 month extension with a 2% rate reduction and a 15 month extension with a 2.5% rate reduction, respectfully. The financial
effect was deemed "de minimis."
Combination - Significant Payment Delays and Interest Rate Reduction:
Commercial Real Estate12,907 0.04 %
Loan was given 3 month
deferral, and reductions in their stated interest rates of 1.89%. The financial
effect was deemed "de minimis."
Total10$18,558 
The following tables present the aging analysis of loan modifications made to borrowers experiencing financial difficulty during the periods indicated.
Three Months Ended March 31, 2026
Current30-60 Days Past Due61-90 Days Past Due90+ Days Past DueModified
(In thousands)
Total Modifications$6,847 135 — 11,576 —