Loans and Allowance for Credit Losses

6 Months Ended

Jun. 30, 2026

Loans and leases, net of unearned income

Loans and leases, net of unearned income, are summarized as follows:


	June 30, 2026		December 31, 2025
	(dollars in thousands)
Real estate - commercial mortgage	$	10,914,813	$	9,820,944
Commercial and industrial	4,559,732		4,539,060
Real estate - residential mortgage	7,250,949		6,669,993
Real estate - home equity	1,336,068		1,242,831
Real estate - construction	946,654		970,298
Consumer	570,093		564,349
Leases and other loans(1)	355,984		337,409
Net loans	$	25,934,293	$	24,144,884

(1) Includes unearned income of $40.8 million and $36.8 million as of June 30, 2026 and December 31, 2025, respectively.

Allowance for Credit Losses

The ACL consists of reserves against loans that have been evaluated collectively and individually for expected credit losses. The ACL represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to net loans. The ACL is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries. The reserve for OBS credit exposures includes estimated losses on unfunded loan commitments, letters of credit and other OBS credit exposures.

The following table summarizes the ACL - loans balance and the reserve for OBS credit exposures balance:



	June 30, 2026		December 31, 2025
	(dollars in thousands)
ACL - loans	$	382,580	$	364,462
Reserve for OBS credit exposures(1)	$	13,515	$	14,972

(1) Included in other liabilities on the Consolidated Balance Sheets.

The following table presents the activity in the ACL - loans balances:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
	(dollars in thousands)
Balance at beginning of period	$	367,489	$	379,677	$	364,462	379,156
Initial allowance for credit losses on purchased loans	30,993		—		34,344		—

Loans charged off	(26,010)		(15,916)		(44,328)		(35,950)
Recoveries of loans previously charged off	3,994		4,202		7,404		11,645
Net loans (charged off) recovered	(22,016)		(11,714)		(36,924)		(24,305)
Provision for credit losses(1) (2)	6,308		9,374		20,892		22,486
Other	$	(194)	$	—	$	(194)	$	—
Balance at end of period	$	382,580	$	377,337	$	382,580	$	377,337
Provision for OBS credit exposures(1)	$	(1,411)	$	(767)	$	(1,553)	$	19
Reserve for OBS credit exposures	$	13,515	$	14,180	$	13,515	$	14,180

(1) The sum of these amounts is reflected in the provision for credit losses in the Consolidated Statements of Income.

(2) Provision only includes the portion related to net loans.

The following table presents the activity in the ACL by portfolio segment:


	Real Estate - Commercial Mortgage		Commercial and Industrial		Real Estate -Residential Mortgage		Consumer and Real Estate - Home Equity		Real Estate - Construction		Leases and other loans		Total
	(dollars in thousands)
Three months ended June 30, 2026
Balance at March 31, 2026	$	159,042	$	78,978	$	89,860	$	24,194	$	9,353	$	6,062	$	367,489
Initial allowance for credit losses on purchased loans	19,993		5,622		4,915		288		175		—		30,993

Loans charged off	(10,789)		(12,015)		(121)		(2,119)		—		(966)		(26,010)
Recoveries of loans previously charged off	1,629		1,280		197		484		—		404		3,994
Net loans (charged off) recovered	(9,160)		(10,735)		76		(1,635)		—		(562)		(22,016)
Provision for loan losses(1) (2)	(1,641)		3,006		729		3,077		630		507		6,308
Other	—		(194)		—		—		—		—		(194)
Balance at June 30, 2026	$	168,234	$	76,677	$	95,580	$	25,924	$	10,158	$	6,007	$	382,580
Three months ended June 30, 2025
Balance at March 31, 2025	$	162,146	$	96,851	$	82,416	$	19,294	$	15,900	$	3,070	$	379,677


Loans charged off	(6,402)		(5,780)		(258)		(1,885)		(100)		(1,491)		(15,916)
Recoveries of loans previously charged off	133		2,628		203		899		99		240		4,202
Net loans (charged off) recovered	(6,269)		(3,152)		(55)		(986)		(1)		(1,251)		(11,714)
Provision for loan and lease losses(1) (2)	(2,494)		3,821		(5)		1,173		4,837		2,042		9,374
Balance at June 30, 2025	$	153,383	$	97,520	$	82,356	$	19,481	$	20,736	$	3,861	$	377,337
Six months ended June 30, 2026
Balance at December 31, 2025	$	157,302	$	77,740	$	88,961	$	23,026	$	10,896	$	6,537	$	364,462
Initial allowance for credit losses on purchased loans	22,771		6,116		4,915		288		254		—		34,344

Loans charged off	(14,891)		(22,560)		(512)		(4,284)		—		(2,081)		(44,328)
Recoveries of loans previously charged off	2,330		2,020		268		1,068		884		834		7,404
Net loans (charged off) recovered	(12,561)		(20,540)		(244)		(3,216)		884		(1,247)		(36,924)
Provision for loan losses(1) (2)	722		13,555		1,948		5,826		(1,876)		717		20,892
Other	—		(194)		—		—		—		—		(194)
Balance at June 30, 2026	$	168,234	$	76,677	$	95,580	$	25,924	$	10,158	$	6,007	$	382,580
Six months ended June 30, 2025
Balance at December 31, 2024	$	158,181	$	92,212	$	81,331	$	19,397	$	25,140	$	2,895	$	379,156


Loans charged off	(18,508)		(9,645)		(601)		(4,078)		(100)		(3,018)		(35,950)
Recoveries of loans previously charged off	507		8,580		377		1,559		181		441		11,645
Net loans (charged off) recovered	(18,001)		(1,065)		(224)		(2,519)		81		(2,577)		(24,305)
Provision for loan losses(1)(2)	13,203		6,373		1,249		2,603		(4,485)		3,543		22,486
Balance at June 30, 2025	$	153,383	$	97,520	$	82,356	$	19,481	$	20,736	$	3,861	$	377,337

(1) These amounts are reflected in the provision for credit loss in the Consolidated Statements of Income.

(2) Provision included in the table only includes the portion related to net loans.

The ACL may include qualitative adjustments intended to capture the impact of uncertainties not reflected in the quantitative models. In determining qualitative adjustments, management considers changes in national, regional, and local economic and business conditions and their impact on the lending environment, including underwriting standards and other factors affecting credit losses over the remaining life of each loan.

Collateral-Dependent Loans

A loan or a lease is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans and leases deemed collateral-dependent, the Corporation elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent loans or leases consists of various

types of real estate, including residential properties, commercial properties, such as retail centers, office buildings and lodging, agricultural land and vacant land. Commercial and industrial loans may also be secured by real estate.

All loans individually evaluated for impairment are measured for losses on a quarterly basis. As of June 30, 2026 and December 31, 2025, substantially all of the Corporation's individually evaluated loans with total commitments greater than or equal to $1.0 million were measured based on the estimated fair value of each loan’s collateral, if any.

As of June 30, 2026 and December 31, 2025, approximately 94% and 88%, respectively, of loans evaluated individually for impairment with principal balances greater than or equal to $1.0 million, whose primary collateral consisted of real estate, were measured at estimated fair value using appraisals performed by state certified third-party appraisers that had been updated in the preceding 12 months, or actual fair value based on active fully-executed letters of intent to purchase or agreements of sale.

Non-accrual Loans

The following table presents total non-accrual loans, by class segment:


	June 30, 2026						December 31, 2025
	With a Related Allowance		Without a Related Allowance		Total		With a Related Allowance		Without a Related Allowance		Total
	(dollars in thousands)
Real estate - commercial mortgage	$	27,018	$	36,921	$	63,939	$	27,437	$	44,613	$	72,050
Commercial and industrial	18,331		21,037		39,368		19,822		24,281		44,103
Real estate - residential mortgage	28,092		5,383		33,475		25,423		2,328		27,751
Real estate - home equity	8,096		—		8,096		7,126		—		7,126
Real estate - construction	1,559		—		1,559		1,661		—		1,661
Consumer	2		—		2		3		—		3
Leases and other loans	18		—		18		32		1,146		1,178
Total	$	83,116	$	63,341	$	146,457	$	81,504	$	72,368	$	153,872

As of June 30, 2026 and December 31, 2025, there were $63.3 million and $72.4 million, respectively, of non-accrual loans that did not have a specific valuation allowance within the ACL. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or the loans were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary.

Asset Quality

Maintaining an appropriate ACL is dependent on various factors, including the ability to identify potential problem loans in a timely manner. For commercial construction loans, commercial and industrial loans, commercial real estate loans and leases and other loans, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk categories is a significant component of the ACL methodology for these loans, which bases the PD on this migration. Assigning risk ratings involves judgment. The Corporation's independent loan review function provides a separate assessment of risk rating accuracy. Risk ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff or if specific loan review assessments identify a deterioration or an improvement in a loan.

The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the current period:


		June 30, 2026
		(dollars in thousands)
		Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans converted to Term Loans
														Amortized		Amortized
		2026		2025		2024		2023		2022		Prior		Cost Basis		Cost Basis		Total
Real estate - commercial mortgage
	Pass	$	639,314	$	928,088	$	844,822	$	1,175,511	$	1,452,504	$	4,918,281	$	105,453	$	—	$	10,063,973
	Special Mention	448		24,232		13,366		50,192		94,565		225,896		1,533		—		410,232
	Substandard or Lower	—		18,308		20,261		36,831		83,307		281,280		621		—		440,608
	Total real estate - commercial mortgage	639,762		970,628		878,449		1,262,534		1,630,376		5,425,457		107,607		—		10,914,813
Real estate - commercial mortgage
	Current period gross charge-offs	—		(4,462)		(2,570)		(2,507)		(3,658)		(1,694)		—		—		(14,891)
Commercial and industrial
	Pass	389,029		501,315		297,823		296,547		428,364		876,339		1,393,474		482		4,183,373
	Special Mention	555		22,114		11,439		14,577		9,043		50,400		55,097		—		163,225
	Substandard or Lower	320		9,724		9,893		13,064		17,477		70,990		86,136		5,530		213,134
	Total commercial and industrial	389,904		533,153		319,155		324,188		454,884		997,729		1,534,707		6,012		4,559,732
Commercial and industrial
	Current period gross charge-offs	—		(110)		(83)		(2,034)		(600)		(3,239)		(16,494)		—		(22,560)
Real estate - construction(1)
	Pass	50,892		168,488		189,814		124,234		8,351		60,110		52,298		800		654,987
	Special Mention	—		—		5,959		—		3,992		—		1,292		7,452		18,695
	Substandard or Lower	—		—		—		678		7,696		372		—		—		8,746
	Total real estate - construction	50,892		168,488		195,773		124,912		20,039		60,482		53,590		8,252		682,428
Real estate - construction(1)
	Current period gross charge-offs	—		—		—		—		—		—		—		—		—
Leases and other loans
	Pass	117,483		102,099		31,058		59,835		25,023		10,890		—		—		346,388
	Special Mention	—		204		346		713		981		539		—		—		2,783
	Substandard or Lower	—		609		2,554		1,741		1,614		295		—		—		6,813
	Total leases and other loans	117,483		102,912		33,958		62,289		27,618		11,724		—		—		355,984
Leases and other loans
	Current period gross charge-offs	(370)		(652)		(186)		(124)		(162)		(587)		—		—		(2,081)
Total
	Pass	1,196,718		1,699,990		1,363,517		1,656,127		1,914,242		5,865,620		1,551,225		1,282		15,248,721
	Special Mention	1,003		46,550		31,110		65,482		108,581		276,835		57,922		7,452		594,935
	Substandard or Lower	320		28,641		32,708		52,314		110,094		352,937		86,757		5,530		669,301
	Total	$	1,198,041	$	1,775,181	$	1,427,335	$	1,773,923	$	2,132,917	$	6,495,392	$	1,695,904	$	14,264	$	16,512,957

(1) Excludes non-commercial real estate - construction.

Total criticized and classified loans at June 30, 2026 decreased $193.2 million, or 13.3%, compared to December 31, 2025. Total criticized and classified loans at June 30, 2026 included $52.0 million acquired in the Blue Foundry Merger.

For a description of the Corporation's internal risk rating categories, see "Note 1 - Summary of Significant Accounting Policies" under the heading "Allowance for Credit Losses" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025.

The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the prior period:


		December 31, 2025
		(dollars in thousands)
		Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans converted to Term Loans
														Amortized		Amortized
		2025		2024		2023		2022		2021		Prior		Cost Basis		Cost Basis		Total
Real estate - commercial mortgage
	Pass	$	885,851	$	769,334	$	1,120,033	$	1,127,104	$	1,185,319	$	3,712,279	$	76,848	$	—	$	8,876,768
	Special Mention	9,425		19,207		42,649		52,546		116,763		171,308		787		—		412,685
	Substandard or Lower	2,346		15,154		90,747		111,135		108,871		202,185		1,053		—		531,491
	Total real estate - commercial mortgage	897,622		803,695		1,253,429		1,290,785		1,410,953		4,085,772		78,688		—		9,820,944
Real estate - commercial mortgage
	Current period gross charge-offs	—		—		(1,315)		(20,232)		(7,990)		(6,981)		—		—		(36,518)
Commercial and industrial
	Pass	559,804		340,662		351,330		449,474		205,593		766,308		1,398,989		3,092		4,075,252
	Special Mention	11,490		12,287		18,377		12,305		4,354		52,719		101,311		7,179		220,022
	Substandard or Lower	1,843		10,114		21,089		19,238		8,898		73,671		104,498		4,435		243,786
	Total commercial and industrial	573,137		363,063		390,796		481,017		218,845		892,698		1,604,798		14,706		4,539,060
Commercial and industrial
	Current period gross charge-offs	(75)		(3,317)		(4,822)		(4,936)		(2,410)		(4,449)		(778)		—		(20,787)
Real estate - construction(1)
	Pass	100,320		236,045		190,065		40,427		24,082		46,156		50,902		—		687,997
	Special Mention	555		1,196		—		21,286		3,381		2,750		1,248		—		30,416
	Substandard or Lower	—		—		916		7,718		256		243		9		—		9,142
	Total real estate - construction	100,875		237,241		190,981		69,431		27,719		49,149		52,159		—		727,555
Real estate - construction(1)
	Current period gross charge-offs	—		—		—		(5,286)		—		(100)		—		—		(5,386)
Leases and other loans
	Pass	174,718		35,955		70,152		29,832		8,185		8,665		—		—		327,507
	Special Mention	432		459		430		1,305		460		329		—		—		3,415
	Substandard or Lower	185		2,080		955		3,034		196		37		—		—		6,487
	Total leases and other loans	175,335		38,494		71,537		34,171		8,841		9,031		—		—		337,409
Leases and other loans
	Current period gross charge-offs	(2,092)		(1,153)		(506)		(289)		(244)		(1,353)		—		—		(5,637)
Total
	Pass	1,720,693		1,381,996		1,731,580		1,646,837		1,423,179		4,533,408		1,526,739		3,092		13,967,524
	Special Mention	21,902		33,149		61,456		87,442		124,958		227,106		103,346		7,179		666,538
	Substandard or Lower	4,374		27,348		113,707		141,125		118,221		276,136		105,560		4,435		790,906
	Total	$	1,746,969	$	1,442,493	$	1,906,743	$	1,875,404	$	1,666,358	$	5,036,650	$	1,735,645	$	14,706	$	15,424,968

(1) Excludes non-commercial real estate - construction.

The Corporation considers the performance of the loan portfolio and its impact on the ACL. The Corporation does not assign internal risk ratings to smaller balance, homogeneous loans, such as home equity loans, residential mortgage loans, construction loans to individuals secured by residential real estate and consumer loans. For these loans, the most relevant credit quality indicator is delinquency status and the Corporation evaluates credit quality based on the aging status of the loan. The following tables present the amortized cost of these loans based on payment activity, by origination year, for the periods shown:


		June 30, 2026
		(dollars in thousands)
		Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans converted to Term Loans
														Amortized		Amortized
		2026		2025		2024		2023		2022		Prior		Cost Basis		Cost Basis		Total
Real estate - residential mortgage
	Performing	$	434,141	$	813,038	$	520,259	$	629,623	$	1,424,812	$	3,367,480	$	4,774	$	—	$	7,194,127
	Non-performing	—		1,517		1,270		1,964		12,567		39,504		—		—		56,822
	Total real estate - residential mortgage	434,141		814,555		521,529		631,587		1,437,379		3,406,984		4,774		—		7,250,949
Real estate - residential mortgage
	Current period gross charge-offs	—		—		(91)		(84)		(209)		(128)		—		—		(512)
Consumer and real estate - home equity
	Performing	297,928		12,038		22,235		60,532		116,115		239,740		1,123,955		21,232		1,893,775
	Non-performing	9		143		586		270		1,330		5,555		2,210		2,283		12,386
	Total consumer and real estate - home equity	297,937		12,181		22,821		60,802		117,445		245,295		1,126,165		23,515		1,906,161
Consumer and real estate - home equity
	Current period gross charge-offs	(5)		(235)		(252)		(382)		(367)		(2,712)		(331)		—		(4,284)






Construction - residential
	Performing	76,416		153,931		26,735		959		203		—		—		—		258,244
	Non-performing	—		—		4,576		—		1,406		—		—		—		5,982
	Total construction - residential	76,416		153,931		31,311		959		1,609		—		—		—		264,226
Construction - residential
	Current period gross charge-offs	—		—		—		—		—		—		—		—		—
Total
	Performing	808,485		979,007		569,229		691,114		1,541,130		3,607,220		1,128,729		21,232		9,346,146
	Non-performing	9		1,660		6,432		2,234		15,303		45,059		2,210		2,283		75,190
	Total	$	808,494	$	980,667	$	575,661	$	693,348	$	1,556,433	$	3,652,279	$	1,130,939	$	23,515	$	9,421,336


		December 31, 2025
		(dollars in thousands)
		Term Loans Amortized Cost Basis by Origination Year												Revolving Loans		Revolving Loans converted to Term Loans
														Amortized		Amortized
		2025		2024		2023		2022		2021		Prior		Cost Basis		Cost Basis		Total
Real estate - residential mortgage
	Performing	$	724,505	$	536,668	$	662,479	$	1,412,885	$	1,603,854	$	1,684,033	$	—	$	—	$	6,624,424
	Non-performing	134		645		2,102		9,752		4,961		27,975		—		—		45,569
	Total real estate - residential mortgage	724,639		537,313		664,581		1,422,637		1,608,815		1,712,008		—		—		6,669,993
Real estate - residential mortgage
	Current period gross charge-offs	—		(19)		(201)		(294)		(161)		(378)		—		—		(1,053)
Consumer and real estate - home equity
	Performing	231,952		23,963		74,129		140,759		43,561		201,571		1,042,448		36,924		1,795,307
	Non-performing	97		84		143		409		568		4,992		2,497		3,083		11,873
	Total consumer and real estate - home equity	232,049		24,047		74,272		141,168		44,129		206,563		1,044,945		40,007		1,807,180
Consumer and real estate - home equity
	Current period gross charge-offs	(215)		(262)		(998)		(1,556)		(708)		(4,505)		(573)		—		(8,817)






Construction - residential
	Performing	164,473		72,583		1,395		2,280		—		—		—		—		240,731
	Non-performing	—		606		—		1,406		—		—		—		—		2,012
	Total construction - residential	164,473		73,189		1,395		3,686		—		—		—		—		242,743
Construction - residential
	Current period gross charge-offs	—		—		—		—		—		—		—		—		—
Total
	Performing	1,120,930		633,214		738,003		1,555,924		1,647,415		1,885,604		1,042,448		36,924		8,660,462
	Non-performing	231		1,335		2,245		11,567		5,529		32,967		2,497		3,083		59,454
	Total	$	1,121,161	$	634,549	$	740,248	$	1,567,491	$	1,652,944	$	1,918,571	$	1,044,945	$	40,007	$	8,719,916

The following table presents non-performing assets:


	June 30, 2026		December 31, 2025
	(dollars in thousands)
Non-accrual loans	$	146,457	$	153,872
Loans 90 days or more past due and still accruing	34,815		29,924
Total non-performing loans	181,272		183,796
OREO(1)	5,791		1,365
Total non-performing assets	$	187,063	$	185,161

(1) Excludes $20.7 million and $19.1 million of residential mortgage properties for which formal foreclosure proceedings were in process as of June 30, 2026 and December 31, 2025, respectively.

The following tables present the aging of the amortized cost basis of loans, by class segment:


	30-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Current		Total


	(dollars in thousands)
June 30, 2026
Real estate - commercial mortgage	$	24,594	$	4,588	$	2,506	$	63,939	$	10,819,186	$	10,914,813
Commercial and industrial	6,157		3,950		98		39,368		4,510,159		4,559,732
Real estate - residential mortgage	48,760		6,294		23,346		33,475		7,139,074		7,250,949
Real estate - home equity	8,475		1,465		3,577		8,096		1,314,455		1,336,068
Real estate - construction	5,200		1,977		4,576		1,559		933,342		946,654
Consumer	4,776		1,574		712		2		563,029		570,093
Leases and other loans(1)	137		296		—		18		355,533		355,984
Total	$	98,099	$	20,144	$	34,815	$	146,457	$	25,634,778	$	25,934,293

(1) Includes unearned income.


	30-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Current		Total
	(dollars in thousands)
December 31, 2025
Real estate - commercial mortgage	$	19,762	$	17,757	$	2,931	$	72,050	$	9,708,444	$	9,820,944
Commercial and industrial	5,023		4,563		3,653		44,103		4,481,718		4,539,060
Real estate - residential mortgage	48,246		7,912		17,818		27,751		6,568,266		6,669,993
Real estate - home equity	15,646		1,417		3,958		7,126		1,214,684		1,242,831
Real estate - construction	3,698		2,555		606		1,661		961,778		970,298
Consumer	6,334		1,604		788		3		555,620		564,349
Leases and other loans(1)	160		193		170		1,178		335,708		337,409
Total	$	98,869	$	36,001	$	29,924	$	153,872	$	23,826,218	$	24,144,884

(1) Includes unearned income.

Loan Modifications to Borrowers Experiencing Financial Difficulty

The Corporation modifies loans by providing a concession when deemed appropriate. Depending on the circumstances, a term extension, interest rate reduction or principal forgiveness may be granted. In certain instances, a combination of concessions may be provided to a borrower.

When principal forgiveness is provided, the amount of principal forgiven is deemed to be uncollectible and the amortized cost basis of the loan is reduced by the amount of the forgiven portion, with a corresponding reduction to the ACL.

The following table presents the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:


	Term Extension
	2026				2025
	Amortized Cost Basis		% of Class of Financing Receivable		Amortized Cost Basis		% of Class of Financing Receivable
	(dollars in thousands)
Three months ended June 30,
Real estate - commercial mortgage	$	6,529	0.06	%	$	29,085	0.30	%
Commercial and industrial	5,009		0.11		18,267		0.40
Real estate - residential mortgage	2,698		0.04		1,677		0.03
Real estate - home equity	—		—		41		—
Real estate - construction	—		—		20,769		1.80

Total	$	14,236			$	69,839

Six months ended June 30,
Real estate - commercial mortgage	$	6,529	0.06	%	$	29,196	0.30	%
Commercial and industrial	6,173		0.14		21,964		0.48
Real estate - residential mortgage	4,916		0.07		4,085		0.06
Real estate - home equity	—		—		352		0.03
Real estate - construction	—		—		20,769		1.80

Total	$	17,618			$	76,366


	Interest Rate Reduction
	2026				2025
	Amortized Cost Basis		% of Class of Financing Receivable		Amortized Cost Basis		% of Class of Financing Receivable
	(dollars in thousands)
Three months ended June 30,


Real estate - residential mortgage	$	586	0.01	%	$	—	—	%





Six months ended June 30,
Real estate - residential mortgage	$	1,148	0.02	%	$	—	—	%


	Interest Rate Reduction and Term Extension
	2026				2025
	Amortized Cost Basis		% of Class of Financing Receivable		Amortized Cost Basis		% of Class of Financing Receivable
	(dollars in thousands)
Three months ended June 30,


Real estate - residential mortgage	$	4,290	0.06	%	$	601	0.01	%





Six months ended June 30,
Real estate - residential mortgage	$	5,891	0.08	%	$	2,027	0.03	%

The following table presents the financial effect of the modifications made to borrowers experiencing financial difficulty:


			Term Extension
			Financial Effect
Three months ended June 30, 2026
Real estate - commercial mortgage			Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial			Added a weighted-average 0.75 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage			Added a weighted-average 8.52 years to the life of loans, which reduced monthly payment amounts for the borrowers.




Three months ended June 30, 2025
Real estate - commercial mortgage			Added a weighted-average 0.68 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial			Added a weighted-average 0.74 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage			Added a weighted-average 8.15 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity			Added a weighted-average 21.75 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction			Added a weighted-average 0.89 years to the life of loans, which reduced monthly payment amounts for the borrowers.


Six months ended June 30, 2026
Real estate - commercial mortgage			Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial			Added a weighted-average 0.80 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage			Added a weighted-average 7.85 years to the life of loans, which reduced monthly payment amounts for the borrowers.




Six months ended June 30, 2025
Real estate - commercial mortgage			Added a weighted-average 0.69 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Commercial and industrial			Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - residential mortgage			Added a weighted-average 8.55 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - home equity			Added a weighted-average 13.22 years to the life of loans, which reduced monthly payment amounts for the borrowers.
Real estate - construction			Added a weighted-average 0.89 years to the life of loans, which reduced monthly payment amounts for the borrowers.


			Interest Rate Reduction
			Financial Effect
Three months ended June 30, 2026
Real estate - residential mortgage			Reduced weighted-average interest rate from 5.37% to 3.40%

Three months ended June 30, 2025
Real estate - residential mortgage			Reduced weighted-average interest rate from 4.68% to 3.25%

Six months ended June 30, 2026
Real estate - residential mortgage			Reduced weighted-average interest rate from 4.70% to 2.83%

Six months ended June 30, 2025
Real estate - residential mortgage			Reduced weighted-average interest rate from 4.38% to 2.55%

During the three and six months ended June 30, 2026 and 2025, there were no loans modified due to financial difficulty where there was a principal balance forgiveness.

The following table presents the performance of loans that have been modified due to financial difficulty in the previous 12 months:


			30-89		90+				Total
			Days Past		Past Due		Non-		Past
	Current		Due		and Accruing		Accrual		Due
June 30, 2026	(dollars in thousands)
Real estate - commercial mortgage	$	67,704	$	342	$	897	$	1,064	$	2,303
Commercial and industrial	9,847		586		—		4,552		5,138
Real estate - residential mortgage	5,345		4,362		686		4,206		9,254
Real estate - home equity	—		—		36		—		36
Real estate - construction	2,750		—		—		—		—


Total	$	85,646	$	5,290	$	1,619	$	9,822	$	16,731

There were no commitments to lend additional funds to borrowers with loan modifications as a result of financial difficulty as of June 30, 2026.