v3.26.1
Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Changes in the Allowance for Loan and Lease 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 June 30, 2026
Commercial
Real Estate		CommercialConsumerTotal
(In Thousands)
Balance at March 31, 2026$150,434 $84,297 $9,646 $244,377 
Charge-offs (7,548)(7,557)(248)(15,353)
Recoveries132 660 281 1,073 
Provision (credit) for loan and lease losses excluding unfunded commitments4,067 4,421 (396)8,092 
Balance at June 30, 2026$147,085 $81,821 $9,283 $238,189 

Three Months Ended June 30, 2025
Commercial
Real Estate		CommercialConsumerTotal
(In Thousands)
Balance at March 31, 2025$73,999 $43,356 $6,790 $124,145 
Charge-offs(3,524)(2,067)(10)(5,601)
Recoveries— 427 47 474 
Provision (credit) for loan and lease losses excluding unfunded commitments2,640 4,753 314 7,707 
Balance at June 30, 2025$73,115 $46,469 $7,141 $126,725 
Six Months Ended June 30, 2026
Commercial
Real Estate		CommercialConsumerTotal
(In Thousands)
Balance at December 31, 2025$142,391 $86,490 $23,958 $252,839 
Charge-offs(14,905)(15,992)(336)(31,233)
Recoveries492 2,484 426 3,402 
Provision (credit) for loan and lease losses excluding unfunded commitments19,107 8,839 (14,765)13,181 
Balance at June 30, 2026$147,085 $81,821 $9,283 $238,189 
Six Months Ended June 30, 2025
Commercial
Real Estate		CommercialConsumerTotal
(In Thousands)
Balance at December 31, 2024$74,171 $44,169 $6,743 $125,083 
Charge-offs(3,524)(11,136)(14)(14,674)
Recoveries— 1,849 101 1,950 
Provision (credit) for loan and lease losses excluding unfunded commitments2,468 11,587 311 14,366 
Balance at June 30, 2025$73,115 $46,469 $7,141 $126,725 
Schedule of Provisions for Credit Losses
The provision (credit) for credit losses are set forth below for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In Thousands)
Provision (credit) for loan and lease losses:
Commercial real estate$4,067 $2,640 $19,107 $2,468 
Commercial4,421 4,753 8,839 11,587 
Consumer(396)314 (14,765)311 
Total provision (credit) for loan and lease losses8,092 7,707 13,181 14,366 
Unfunded commitments(3,085)(710)(275)(1,395)
Investment securities available-for-sale(85)3 (38)15 
Total provision (credit) for credit losses$4,922 $7,000 $12,868 $12,986 
Schedule of the Recorded Investments by Credit Quality Indicator, by Loan Class
The following table presents the amortized cost basis of loans in each class by credit quality indicator and year of origination as of June 30, 2026.
June 30, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
(In Thousands)
Commercial Real Estate
Pass$343,984 $563,222 $526,903 $798,752 $1,163,431 $3,296,394 $39,841 $68,541 $6,801,068 
OAEM— 27,698 3,345 47,148 37,789 131,301 — — 247,281 
Substandard— 280 2,130 8,937 100,736 98,985 — 25,501 236,569 
Total343,984 591,200 532,378 854,837 1,301,956 3,526,680 39,841 94,042 7,284,918 
Current-period gross writeoffs— — — — — 4,188 — — 4,188 
Multi-Family Mortgage
Pass42,229 180,148 175,393 187,482 566,269 987,469 5,854 40,530 2,185,374 
OAEM— — — — 43,837 — — — 43,837 
Substandard— — — 1,062 — 11,929 — — 12,991 
Total42,229 180,148 175,393 188,544 610,106 999,398 5,854 40,530 2,242,202 
Current-period gross writeoffs— — — — — 3,360 — — 3,360 
Construction
June 30, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
(In Thousands)
Pass12,934 157,424 40,209 22,084 29,208 16,773 5,314 219 284,165 
Substandard— — — — 72,854 — — — 72,854 
Total12,934 157,424 40,209 22,084 102,062 16,773 5,314 219 357,019 
Commercial
Pass244,362 289,029 273,859 263,295 155,458 266,210 1,278,941 42,982 2,814,136 
OAEM— 936 565 87 17,992 3,681 21,677 302 45,240 
Substandard— 803 7,203 3,539 4,306 14,614 53,922 6,516 90,903 
Doubtful— — — 182 — — — — 182 
Total244,362 290,768 281,627 267,103 177,756 284,505 1,354,540 49,800 2,950,461 
Current-period gross writeoffs— 31 498 420 127 141 497 168 1,882 
Equipment Financing
Pass71,620 186,489 209,618 200,045 156,300 148,287 7,773 4,090 984,222 
Substandard2,519 2,008 6,862 12,551 10,221 7,223 — 5,736 47,120 
Total74,139 188,497 216,480 212,596 166,521 155,510 7,773 9,826 1,031,342 
Current-period gross writeoffs— — 426 435 1,260 117 — 3,437 5,675 
June 30, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
(In Thousands)
Residential
Pass90,414 321,878 324,561 490,798 667,644 1,213,227 31,757 200 3,140,479 
OAEM— — — — — 1,098 — — 1,098 
Substandard— — — — 1,169 8,078 — — 9,247 
Total90,414 321,878 324,561 490,798 668,813 1,222,403 31,757 200 3,150,824 
Current-period gross writeoffs— — — — — 75 — — 75 
Home Equity
Pass4,444 1,748 1,892 6,785 6,985 32,470 558,271 47,719 660,314 
OAEM— — — — — 26 — 551 577 
Substandard18 41 28 193 — 265 279 3,923 4,747 
Total4,462 1,789 1,920 6,978 6,985 32,761 558,550 52,193 665,638 
Current-period gross writeoffs— — — — — — — 5 5 
Other Consumer
Pass17,903 27,164 24,852 22,114 16,414 18,815 11,606 724 139,592 
OAEM— 17 58 13 — — — 10 98 
Substandard— 4 37 5 22 25 1 30 124 
Total17,903 27,185 24,947 22,132 16,436 18,840 11,607 764 139,814 
Current-period gross writeoffs— 22 — 43 12 18 73 — 168 
Total
Pass827,890 1,727,102 1,577,287 1,991,355 2,761,709 5,979,645 1,939,357 205,005 17,009,350 
OAEM— 28,651 3,968 47,248 99,618 136,106 21,677 863 338,131 
Substandard2,537 3,136 16,260 26,287 189,308 141,119 54,202 41,706 474,555 
Doubtful— — — 182 — — — — 182 
June 30, 2026
20262025202420232022PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
(In Thousands)
Total$830,427 $1,758,889 $1,597,515 $2,065,072 $3,050,635 $6,256,870 $2,015,236 $247,574 $17,822,218 
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 
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.
Schedule of Information Regarding the Aging of Past Due Loans, by Loan Class
The following table presents an age analysis of the amortized cost basis in loans and leases as of June 30, 2026.
At June 30, 2026
Past DuePast
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$46,023 $1,883 $49,572 $97,478 $7,187,440 $7,284,918 $1,634 $67,645 $7,049 
Multi-family mortgage139 — 6,348 6,487 2,235,715 2,242,202 — 9,484 — 
Construction2,126 56,484 — 58,610 298,409 357,019 — — — 
Total commercial real estate loans48,288 58,367 55,920 162,575 9,721,564 9,884,139 1,634 77,129 7,049 
Commercial loans and leases:
Commercial2,620 6,358 19,489 28,467 2,921,994 2,950,461 — 20,873 9,561 
Equipment financing16,814 9,366 34,189 60,369 970,973 1,031,342 463 45,493 24,339 
Total commercial loans and leases19,434 15,724 53,678 88,836 3,892,967 3,981,803 463 66,366 33,900 
Consumer loans:
Residential mortgage6,669 5,211 7,044 18,924 3,131,900 3,150,824 3,976 5,991 5,272 
Home equity1,359 581 2,920 4,860 660,778 665,638 1,706 3,041 3,041 
Other consumer138 117 50 305 139,509 139,814 6 123 124 
Total consumer loans8,166 5,909 10,014 24,089 3,932,187 3,956,276 5,688 9,155 8,437 
Total loans and leases$75,888 $80,000 $119,612 $275,500 $17,546,718 $17,822,218 $7,785 $152,650 $49,386 
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 DueLoans 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 
Schedule of the Impaired and Non-impaired Loans and Leases, by Loan and Leases Class
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 June 30, 2026
Commercial Real EstateCommercialConsumerTotal
(In Thousands)
Allowance for Loan and Lease Losses:
Individually evaluated$44,622 $28,458 $— $73,080 
Collectively evaluated102,463 53,363 9,283 165,109 
Total$147,085 $81,821 $9,283 $238,189 
Loans and Leases:
Individually evaluated$310,412 $99,114 $— $409,526 
Collectively evaluated9,573,727 3,882,689 3,956,276 17,412,692 
Total$9,884,139 $3,981,803 $3,956,276 $17,822,218 

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 
Schedule of Financing Receivable, Modified
The following tables present the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the periods indicated.
Three Months Ended June 30, 2026
Number of LoansAmortized Cost% of Total Class of Loans and LeasesFinancial Effect
(In thousands)
Maturity Extension:
Commercial real estate1$566 0.01 %
Loan was given a renewal totaling over two years. The financial effect was deemed "de minimis".
Commercial
414,799 0.50 %Loans were given multi-month extensions totaling
over a year. The financial effect was deemed "de minimis".
Equipment financing143— %
Loan maturity was extended 12 months with step payment. The financial effect was deemed "de minimis".
Interest Rate Reduction:
Commercial real estate17500.01 %
Loan was given reduction in stated interest rate of 4.25%. The financial effect was deemed "de minimis".
Significant Payment Delays:
Commercial real estate32,607 0.04 %
Two loans were given six month payment deferments and the third was given a principal deferment until maturity in over 12 months. The financial effect was deemed "de minims".
Multi-family mortgage21,1810.05 %
Loans were given a six month forbearance modification and an interest deferral until maturity, respectively. The financial effect was deemed "de minimis".
Commercial
3517 0.02 %
Two loans were given six month payment deferments and the third was given a principal deferment until maturity in over 12 months. The financial effect was deemed "de minims".
Combination - Maturity Extension and Significant Payment Delays:
Equipment financing52,2160.21 %
One loan received an eight month deferment and eight month maturity extension and the other four loans have received multiple modifications totaling nine months of deferrals and a nine month maturity extension. The financial effect was deemed "de minims".
Combination - Maturity Extension, Interest Rate Reduction, and Significant Payment Delay
Commercial real estate1$28,736 0.39 %
Loan was given a maturity extension of 17 months, a payment deferral of principal through maturity and the current interest rate was split between a pay rate and an accruing rate. The financial effect was deemed "de minims".
Total21$51,415 
Three Months Ended June 30, 2025
Number of LoansAmortized Cost% of Total Class of Loans and LeasesFinancial Effect
(In thousands)
Maturity Extension:
Commercial
2$446 0.02 %
One loan was given a 12 month maturity extension to assist the borrower and another loan was given a 7 month maturity extension. The financial effect was deemed "de minimis".
Significant Payment Delays:
Commercial real estate1$3,815 0.07 %
These loans were given principal payment deferrals for 12 months. The financial effect was deemed "de minimis."
Combination - Maturity Extension and Interest Rate Reduction:
Commercial
2$364 0.01 %
These loans were given 36 month extensions and reductions in their stated interest rate of 2.3%.
Total5$4,625 
Six Months Ended June 30, 2026
Number of LoansAmortized Cost% of Total Class of Loans and LeasesFinancial Effect
(In thousands)
Maturity Extension:
Commercial real estate26950.01 %
Loans were given between 2 & 5 year extensions, respectively. Financial effect was deemed "de minims".
Commercial
8$20,351 0.69 %Loans were given multi-month extensions totaling
over a year. The financial effect was deemed "de
minimis".
Equipment financing143— %
Loan maturity was extended 12 months with step payment. The financial effect was deemed "de minimis".
Interest Rate Reduction
Commercial real estate17500.01 %
Loan was given reduction in stated interest rate of 4.25%. The financial effect was deemed "de minimis".
Significant Payment Delays:
Commercial real estate42,849 0.04 %
One loan was give multiple deferrals totaling of 180 months of deferment, two loans were given six month payment deferments and the third was given a principal deferment until maturity in over 12 months. The financial effect was deemed "de minims".
Multi-family mortgage21,1810.05 %
Loans were given a 6 month forbearance modification and an interest deferral until maturity, respectively. The financial effect was deemed "de minimis".
Commercial
35170.02 %
Two loans were given six month payment deferments and the third was given a principal deferment until maturity in over 12 months. The financial effect was deemed "de minims".
Combination - Maturity Extension and Significant Payment Delays
Equipment financing52,2160.21 %
One loan received an eight month deferment and eight month maturity extension and the other four loans have received multiple modifications totaling nine months of deferrals and a nine month maturity extension. The financial effect was deemed "de minims".
Combination - Maturity Extension and Interest Rate Reduction:
Commercial real estate1$4,901 0.07 %
Loan was given 6 month extensions, and reductions in their stated interest rates of 2.5%. The financial effect was deemed "de minimis."
Equipment financing26840.07 %
Loans were given 33 month extension, rate change, and payment change, and a rate reduction and deferred payment, respectively. The financial effect was deemed "de minimis".
Combination - Significant Payment Delay and Interest Rate Reduction
Commercial real estate12,9070.04 %
Loan was given 3 month deferral, and reductions in their stated interest rates of 1.89%. The financial effect was deemed "de minimis".
Combination - Maturity Extension, Interest Rate Reduction and Significant Payment Delay
Commercial real estate1$28,736 0.39 %
Loan was given a maturity extension of 17 months, a payment deferral of principal through maturity and the current interest rate was split between a pay rate and an accruing rate. The financial effect was deemed "de minims".
Total31$65,830 
Six Months Ended June 30, 2025
Number of LoansAmortized Cost% of Total Class of Loans and LeasesFinancial Effect
(In thousands)
Maturity Extension:
Commercial
4$1,537 0.06 %
Loans were given 15, 12, 7, and 3 month maturity extensions to assist the borrowers. The financial effect was deemed "de minimis".
Significant Payment Delays:
Commercial real estate1$3,815 0.07 %
This loan was given principal payments deferrals for 12 months. The financial effect was deemed "de minimis."
Combination - Maturity Extension and Interest Rate Reduction:
Commercial
2364 0.01 %
These loans were given 36 month extensions, and reductions in their stated interest rates of 2.3%. The financial effect was deemed "de minimis."
Total7$5,716 

The following tables present the aging analysis of loan modifications made to borrowers experiencing financial difficulty during the periods indicated.
Six Months Ended June 30, 2026
Current30-60 Days Past Due61-90 Days Past Due90+ Days Past DueModified
(In thousands)
Total Modifications$55,338 425 45 10,022 — 
Six Months Ended June 30, 2025
Current30-60 Days Past Due61-90 Days Past Due90+ Days Past DueModified
(In thousands)
Total Modifications$4,766 $130 $— $837 $—