v3.26.1
Note 5 - Loans (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

June 30, 2026

  

December 31, 2025

 
  

($ In thousands)

 
         

Commercial loans

 $3,524,945  $3,184,556 

Construction loans

  248,375   337,550 

Commercial real estate loans

  10,779,326   10,564,744 

Residential mortgage loans

  5,832,159   5,832,094 

Equity lines

  234,265   226,444 

Installment and other loans

  2,262   1,814 

Gross loans

 $20,621,332  $20,147,202 

Allowance for loan losses

  (218,896)  (195,911)

Unamortized deferred loan fees, net

  (14,606)  (14,903)

Total loans held for investment, net

 $20,387,830  $19,936,388 
Schedule of Nonaccrual Loans and Related Allowance and Charge Off [Table Text Block]
  

June 30, 2026

 
  

Unpaid Principal Balance

  

Recorded Investment

  

Allowance

 
  

($ In thousands)

 
             

With no allocated allowance:

            

Commercial loans

 $5,916  $5,753  $ 

Commercial real estate loans

  51,251   42,713    

Residential mortgage loans and equity lines

  20,530   19,758    

Subtotal

 $77,697  $68,224  $ 
             

With allocated allowance:

            

Commercial loans

 $5,256  $2,695  $1,177 

Commercial real estate loans

  32,238   27,444   17,745 

Residential mortgage loans and equity lines

  14,419   13,333   47 

Subtotal

 $51,913  $43,472  $18,969 

Total non-accrual loans

 $129,610  $111,696  $18,969 
  

December 31, 2025

 
  

Unpaid Principal Balance

  

Recorded Investment

  

Allowance

 
  

($ In thousands)

 
             

With no allocated allowance:

            

Commercial loans

 $25,154  $14,899  $ 

Commercial real estate loans

  58,213   39,874    

Residential mortgage loans and equity lines

  32,854   31,354    

Subtotal

 $116,221  $86,127  $ 
             

With allocated allowance:

            

Commercial loans

 $6,887  $6,599  $3,409 

Commercial real estate loans

  24,438   19,637   8,932 

Subtotal

 $31,325  $26,236  $12,341 

Total non-accrual loans

 $147,546  $112,363  $12,341 
Financing Receivable, Nonaccrual [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2026

 
  

Average Recorded Investment

  

Interest Income Recognized

  

Average Recorded Investment

  

Interest Income Recognized

 
  

($ In thousands)

 
                 

Commercial loans

 $9,338  $2  $11,357  $4 

Commercial real estate loans

  67,078      60,968    

Residential mortgage loans and equity lines

  31,379      31,757    

Total non-accrual loans

 $107,795  $2  $104,082  $4 
  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2025

  

June 30, 2025

 
  

Average Recorded Investment

  

Interest Income Recognized

  

Average Recorded Investment

  

Interest Income Recognized

 
  

($ In thousands)

 
                 

Commercial loans

 $57,717  $2  $56,919  $6 

Construction loans

  5,411      2,720    

Commercial real estate loans

  93,809      88,772    

Residential mortgage loans and equity lines

  24,057      26,341    

Total non-accrual loans

 $180,994  $2  $174,752  $6 
Financing Receivable, Past Due [Table Text Block]
  

June 30, 2026

 
  

Accruing

                 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or More Past Due

  

Non-accrual Loans

  

Total Past Due

  

Loans Not Past Due

  

Total

 
  

($ In thousands)

 

Type of Loans:

                            

Commercial loans

 $1,372  $27,966  $  $8,448  $37,786  $3,487,159  $3,524,945 

Construction loans

                 248,375   248,375 

Commercial real estate loans

  326   29,265      70,157   99,748   10,679,578   10,779,326 

Residential mortgage loans and equity lines

  891   8,494      33,091   42,476   6,023,948   6,066,424 

Installment and other loans

                 2,262   2,262 

Total loans

 $2,589  $65,725  $  $111,696  $180,010  $20,441,322  $20,621,332 
  

December 31, 2025

 
  

Accruing

                 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or More Past Due

  

Non-accrual Loans

  

Total Past Due

  

Loans Not Past Due

  

Total

 
  

($ In thousands)

 

Type of Loans:

                            

Commercial loans

 $13,561  $1,376  $  $21,498  $36,435  $3,148,121  $3,184,556 

Construction loans

                 337,550   337,550 

Commercial real estate loans

  5,062   6,254   1,000   59,511   71,827   10,492,917   10,564,744 

Residential mortgage loans and equity lines

  31,440   10,861      31,354   73,655   5,984,883   6,058,538 

Installment and other loans

                 1,814   1,814 

Total loans

 $50,063  $18,491  $1,000  $112,363  $181,917  $19,965,285  $20,147,202 
Financing Receivable, Modified, Amortized Cost [Table Text Block]
  

Three Months Ended June 30, 2026

      

Financial Effects of Loan Modifications

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

  

Modification as a % of Loan Class

  

Weighted-Average Reduction in Rate

  

Weighted-Average Term Extension (in Years)

  

Weighted-Average Payment Deferral (in Years)

 
  

($ In thousands)

                 

Loan Type

                                

Commercial loans

 $  $  $36,267  $36,267   1.03%  0.00   0.0   0.4 

Commercial real estate loans

        6,942   6,942   0.06%  0.00   0.0   2.9 

Residential mortgage loans

        209   209   0.00%  (0.75)  12.4   0.7 

Construction loans

              0.00%  0.00   0.0   0.0 

Total

 $  $  $43,418  $43,418                 
  

Six Months Ended June 30, 2026

      

Financial Effects of Loan Modifications

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

  

Modification as a % of Loan Class

  

Weighted-Average Reduction in Rate

  

Weighted-Average Term Extension (in Years)

  

Weighted-Average Payment Deferral (in Years)

 
  

($ In thousands)

                 

Loan Type

                                

Commercial loans

 $8,047  $  $44,948  $52,995   1.50%  0.00   0.4   0.3 

Commercial real estate loans

  25,840      6,942   32,782   0.30%  0.00   0.6   0.6 

Residential mortgage loans

        209   209   0.00%  (0.75)  12.4   0.7 

Construction loans

  10,256         10,256   4.13%  0.00   0.4   0.0 

Total

 $44,143  $  $52,099  $96,242                 
  

Three Months Ended June 30, 2025

      

Financial Effects of Loan Modifications

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

  

Modification as a % of Loan Class

  

Weighted-Average Reduction in Rate

  

Weighted-Average Term Extension (in Years)

  

Weighted-Average Payment Deferral (in Years)

 
  

($ In thousands)

                 

Loan Type

                                

Commercial real estate loans

 $  $  $2,480  $2,480   0.02%  (4.74)  3.3   0.0 

Total

 $  $  $2,480  $2,480                 
  

Six Months Ended June 30, 2025

      

Financial Effects of Loan Modifications

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

  

Modification as a % of Loan Class

  

Weighted-Average Reduction in Rate

  

Weighted-Average Term Extension (in Years)

  

Weighted-Average Payment Deferral (in Years)

 
  

($ In thousands)

                 

Loan Type

                                

Commercial loans

 $6,550  $  $974  $7,524   0.24%  0.00   2.0   0.1 

Commercial real estate loans

        4,354   4,354   0.04%  (2.72)  2.6   0.9 

Residential mortgage loans

        217   217   0.00%  0.00   0.0   2.0 

Total

 $6,550  $  $5,545  $12,095                 
  

Three Months Ended June 30, 2026

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

 
  

($ In thousands)

 

Loan Type

                

Commercial loans

 $7,058  $  $  $7,058 

Total

 $7,058  $  $  $7,058 
  

Six Months Ended June 30, 2026

 
  

Term Extension

  

Payment Delay

  

Combo-Rate Reduction/Term Extension/Payment Delay

  

Total

 
  

($ In thousands)

 

Loan Type

                

Commercial loans

 $8,047  $  $  $8,047 

Total

 $8,047  $  $  $8,047 
Financing Receivable, Modified, Performance [Table Text Block]
  

As of June 30, 2026

 
  

Current

  

30–89 Days Past Due

  

90+ Days Past Due

  

Total

 
  

($ In thousands)

 

Loan Type

                

Commercial loans

 $44,948  $5,208  $2,839  $52,995 

Commercial real estate loans

  32,782        $32,782 

Residential mortgage loans

  209        $209 

Construction loans

  10,256         10,256 

Total

 $88,195  $5,208  $2,839  $96,242 
  

As of June 30, 2025

 
  

Current

  

30–89 Days Past Due

  

90+ Days Past Due

  

Total

 
  

($ In thousands)

 

Loan Type

                

Commercial loans

 $5,914  $  $1,610  $7,524 

Commercial real estate loans

  4,354         4,354 

Residential mortgage loans

  217         217 

Total

 $10,485  $  $1,610  $12,095 
Loan Held for Investment by Loan Portfolio Segments, Internal Risk Ratings and Vintage Year [Table Text Block]
  

Loans Amortized Cost Basis by Origination Year

             

June 30, 2026

 

2026

  

2025

  

2024

  

2023

  

2022

  

Prior

  

Revolving Loans

  Revolving Converted to Term Loans  

Total

 
  

($ In thousands)

 

Commercial loans

                                    

Pass/Watch

 $309,213  $410,188  $172,065  $182,667  $151,207  $210,225  $1,954,950  $7,034  $3,397,549 

Special Mention

        4,194   2,028   1,177   3,687   27,716      38,802 

Substandard

     13,617      13,926   1,907   15,525   38,833   1,605   85,413 

Total

 $309,213  $423,805  $176,259  $198,621  $154,291  $229,437  $2,021,499  $8,639  $3,521,764 

YTD gross write-offs

 $  $74  $2,204  $135  $2,204  $2,790  $3,307  $  $10,714 

Construction loans

                                    

Pass/Watch

 $30,084  $82,982  $52,947  $32,918  $  $24,531  $2,034  $  $225,496 

Special Mention

           2,816               2,816 

Substandard

           12,439      5,439         17,878 

Total

 $30,084  $82,982  $52,947  $48,173  $  $29,970  $2,034  $  $246,190 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Commercial real estate loans

                                    

Pass/Watch

 $1,114,608  $1,882,984  $1,184,402  $1,500,356  $1,343,636  $2,915,846  $219,910  $633  $10,162,375 

Special Mention

  32,721   9,761   39,920   81,773   122,123   41,310   6,662      334,270 

Substandard

  11,512   4,603   29,505   24,046   43,314   126,815   17,583      257,378 

Doubtful

                 17,843         17,843 

Total

 $1,158,841  $1,897,348  $1,253,827  $1,606,175  $1,509,073  $3,101,814  $244,155  $633  $10,771,866 

YTD gross write-offs

 $  $  $  $  $  $1,368  $  $  $1,368 

Residential mortgage loans

                                    

Pass/Watch

 $518,046  $883,037  $407,022  $819,220  $849,250  $2,311,828  $  $  $5,788,403 

Special Mention

                 1,547         1,547 

Substandard

     1,514   2,468   4,258   8,795   22,858         39,893 

Total

 $518,046  $884,551  $409,490  $823,478  $858,045  $2,336,233  $  $  $5,829,843 

YTD gross write-offs

 $  $  $  $17  $  $  $  $  $17 

Equity lines

                                    

Pass/Watch

 $  $  $  $  $  $  $218,057  $14,820  $232,877 

Substandard

                    1,838   86   1,924 

Total

 $  $  $  $  $  $  $219,895  $14,906  $234,801 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Installment and other loans

                                    

Pass/Watch

 $1,509  $695  $  $  $58  $  $  $  $2,262 

Total

 $1,509  $695  $  $  $58  $  $  $  $2,262 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Total loans

 $2,017,693  $3,289,381  $1,892,523  $2,676,447  $2,521,467  $5,697,454  $2,487,583  $24,178  $20,606,726 

Total YTD gross write-offs

 $  $74  $2,204  $152  $2,204  $4,158  $3,307  $  $12,099 
  

Loans Amortized Cost Basis by Origination Year

             

December 31, 2025

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving Loans

  

Revolving Converted to Term Loans

  

Total

 
  

($ In thousands)

 

Commercial loans

                                    

Pass/Watch

 $384,065  $190,685  $220,174  $154,865  $157,979  $85,858  $1,702,322  $6,269  $2,902,217 

Special Mention

     33,459      1,462   5,000   3,875   117,738      161,534 

Substandard

  16,414   2,166   16,962   2,479   2,615   10,443   61,790   1,031   113,900 

Doubtful

           1,805      297         2,102 

Total

 $400,479  $226,310  $237,136  $160,611  $165,594  $100,473  $1,881,850  $7,300  $3,179,753 

YTD gross write-offs

 $  $175  $715  $2,752  $4,469  $12,503  $12,487  $  $33,101 

Construction loans

                                    

Pass/Watch

 $86,893  $69,113  $37,801  $68,635  $30,283  $  $1,298  $  $294,023 

Special Mention

        9,235                  9,235 

Substandard

              26,060   6,636         32,696 

Total

 $86,893  $69,113  $47,036  $68,635  $56,343  $6,636  $1,298  $  $335,954 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Commercial real estate loans

                                    

Pass/Watch

 $1,909,540  $1,286,856  $1,673,226  $1,442,872  $1,290,175  $2,184,774  $206,139  $  $9,993,582 

Special Mention

  29,745   58,491   74,142   113,065   32,074   33,062   22,214      362,793 

Substandard

  2,589   15,069   11,520   26,772   59,915   63,004   1,724   1,208   181,801 

Doubtful

                 17,843         17,843 

Total

 $1,941,874  $1,360,416  $1,758,888  $1,582,709  $1,382,164  $2,298,683  $230,077  $1,208  $10,556,019 

YTD gross write-offs

 $  $  $  $  $930  $3,632  $  $  $4,562 

Residential mortgage loans

                                    

Pass/Watch

 $980,403  $488,518  $899,547  $905,719  $688,469  $1,826,904  $  $  $5,789,560 

Special Mention

                 1,571         1,571 

Substandard

  47   2,140   5,252   7,585   4,764   20,801         40,589 

Total

 $980,450  $490,658  $904,799  $913,304  $693,233  $1,849,276  $  $  $5,831,720 

YTD gross write-offs

 $  $74  $  $  $  $  $  $  $74 

Equity lines

                                    

Pass/Watch

 $  $  $  $  $  $  $209,256  $15,853  $225,109 

Substandard

                    1,494   436   1,930 

Total

 $  $  $  $  $  $  $210,750  $16,289  $227,039 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Installment and other loans

                                    

Pass/Watch

 $1,635  $108  $  $71  $  $  $  $  $1,814 

Total

 $1,635  $108  $  $71  $  $  $  $  $1,814 

YTD gross write-offs

 $  $  $  $  $  $  $  $  $ 

Total loans

 $3,411,331  $2,146,605  $2,947,859  $2,725,330  $2,297,334  $4,255,068  $2,323,975  $24,797  $20,132,299 

Total YTD gross write-offs

 $  $249  $715  $2,752  $5,399  $16,135  $12,487  $  $37,737 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
              

Residential

         
          

Commercial

  

Mortgage Loans

  

Installment

     
  

Commercial

  

Construction

  

Real Estate

  

and

  

and Other

     
  

Loans

  

Loans

  

Loans

  

Equity Lines

  

Loans

  

Total

 
  

($ In thousands)

 

Allowance for Loan Losses:

                        

March 31, 2026 Ending Balance

 $46,720  $15,404  $122,349  $24,297  $16  $208,786 

Provision/(reversal) for expected credit losses

  1,544   (251)  11,753   (1,079)  (9)  11,958 

Charge-offs

  (2,743)              (2,743)

Recoveries

  853         42      895 

Net (charge-offs)/recoveries

  (1,890)        42      (1,848)

June 30, 2026 Ending Balance

 $46,374  $15,153  $134,102  $23,260  $7  $218,896 
                         

Allowance for unfunded credit commitments:

                        

March 31, 2026 Ending Balance

 $12,816  $2,761  $59  $  $  $15,636 

(Reversal)/provision for expected credit losses

  (1,205)  281   206         (718)

June 30, 2026 Ending Balance

 $11,611  $3,042  $265  $  $  $14,918 
              

Residential

         
          

Commercial

  

Mortgage Loans

  

Installment

     
  

Commercial

  

Construction

  

Real Estate

  

and

  

and Other

     
  

Loans

  

Loans

  

Loans

  

Equity Lines

  

Loans

  

Total

 
  

($ In thousands)

 

Allowance for Loan Losses:

                        

March 31, 2025 Ending Balance

 $69,023  $8,540  $80,901  $15,455  $17  $173,936 

(Reversal)/provision for expected credit losses

  (19,260)  (3,106)  29,621   5,081      12,336 

Charge-offs

  (9,117)     (3,839)  (74)     (13,030)

Recoveries

  196      90   3      289 

Net (charge-offs)/recoveries

  (8,921)     (3,749)  (71)     (12,741)

June 30, 2025 Ending Balance

 $40,842  $5,434  $106,773  $20,465  $17  $173,531 
                         

Allowance for unfunded credit commitments:

                        

March 31, 2025 Ending Balance

 $9,057  $1,971  $  $  $  $11,028 

(Reversal)/provision for expected credit losses

  (1,467)  277   54         (1,136)

June 30, 2025 Ending Balance

 $7,590  $2,248  $54  $  $  $9,892 
              

Residential

         
          

Commercial

  

Mortgage Loans

  

Installment

     
  

Commercial

  

Construction

  

Real Estate

  

and

  

and Other

     
  

Loans

  

Loans

  

Loans

  

Equity Lines

  

Loans

  

Total

 
  

($ In thousands)

 

Allowance for Loan Losses:

                        

December 31, 2025 Ending Balance

 $39,123  $6,475  $125,665  $24,641  $7  $195,911 

Provision/(reversal) for expected credit losses

  12,181   8,678   7,503   (1,406)     26,956 

Charge-offs

  (10,714)     (1,368)  (17)     (12,099)

Recoveries

  5,784      2,302   42      8,128 

Net (charge-offs)/recoveries

  (4,930)     934   25      (3,971)

June 30, 2026 Ending Balance

 $46,374  $15,153  $134,102  $23,260  $7  $218,896 
                         

Allowance for unfunded credit commitments:

                        

December 31, 2025 Ending Balance

 $9,067  $3,095  $279  $  $  $12,441 

Provision/(reversal) for expected credit losses

  2,544   (53)  (14)        2,477 

June 30, 2026 Ending Balance

 $11,611  $3,042  $265  $  $  $14,918 
              

Residential

         
          

Commercial

  

Mortgage Loans

  

Installment

     
  

Commercial

  

Construction

  

Real Estate

  

and

  

and Other

     
  

Loans

  

Loans

  

Loans

  

Equity Lines

  

Loans

  

Total

 
  

($ In thousands)

 

Allowance for Loan Losses:

                        

December 31, 2024 Ending Balance

 $57,796  $8,185  $79,597  $16,181  $6  $161,765 

(Reversal)/provision for expected credit losses

  (5,957)  (2,752)  30,834   4,348   11   26,484 

Charge-offs

  (11,461)     (3,839)  (74)     (15,374)

Recoveries

  464   1   181   10      656 

Net (charge-offs)/recoveries

  (10,997)  1   (3,658)  (64)     (14,718)

June 30, 2025 Ending Balance

 $40,842  $5,434  $106,773  $20,465  $17  $173,531 
                         

Allowance for unfunded credit commitments:

                        

December 31, 2024 Ending Balance

 $7,780  $1,896  $  $  $  $9,676 

(Reversal)/provision for expected credit losses

  (190)  352   54         216 

June 30, 2025 Ending Balance

 $7,590  $2,248  $54  $  $  $9,892