Loans and Leases Held for Investment (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Composition of Loans Portfolio

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


	June 30, 2026		December 31, 2025
	(In thousands)
Real estate mortgage	$	13,334,993	$	13,846,097
Real estate construction and land (1)	1,483,757		1,959,591
Commercial	9,128,241		8,994,466
Consumer	344,413		355,333
Total gross loans and leases HFI	24,291,404		25,155,487
Unearned discounts, net (2)	(46,786)		(86,061)
Deferred fees, net	(33,772)		(36,747)
Total loans and leases HFI	24,210,846		25,032,679
Allowance for loan and lease losses	(243,319)		(245,612)
Total loans and leases HFI, net (3)	$	23,967,527	$	24,787,067

____________________

(1) Includes land and acquisition and development loans of $186.0 million and $214.5 million at June 30, 2026 and December 31, 2025.

(2) Represents net acquisition discounts of $127.4 million and net purchase premiums of $80.6 million at June 30, 2026, and net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025.

(3) Excludes accrued interest receivable of $101.1 million and $104.3 million at June 30, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.

Schedule of Aging Analysis

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


	June 30, 2026
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,249	$	17,821	$	28,070	$	4,009,159	$	4,037,229
Multi-family	—		11,639		11,639		5,433,836		5,445,475
Other residential	69,243		38,163		107,406		3,686,470		3,793,876
Total real estate mortgage	79,492		67,623		147,115		13,129,465		13,276,580
Real estate construction and land:
Commercial	—		—		—		360,392		360,392
Residential	—		2,385		2,385		1,112,074		1,114,459
Total real estate construction and land	—		2,385		2,385		1,472,466		1,474,851
Commercial:
Asset-based	5,891		—		5,891		3,312,931		3,318,822
Venture capital	—		—		—		2,440,075		2,440,075
Other commercial	4,263		11,655		15,918		3,337,616		3,353,534
Total commercial	10,154		11,655		21,809		9,090,622		9,112,431
Consumer	1,550		794		2,344		344,640		346,984
Total	$	91,196	$	82,457	$	173,653	$	24,037,193	$	24,210,846


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

Schedule of Nonaccrual and Performing Loans

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


	June 30, 2026						December 31, 2025
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	107,116	$	3,930,113	$	4,037,229	$	93,334	$	4,221,303	$	4,314,637
Multi-family	11,639		5,433,836		5,445,475		3,358		6,086,059		6,089,417
Other residential	53,951		3,739,925		3,793,876		57,984		3,288,749		3,346,733
Total real estate mortgage	172,706		13,103,874		13,276,580		154,676		13,596,111		13,750,787
Real estate construction and land:
Commercial	—		360,392		360,392		—		379,387		379,387
Residential	2,385		1,112,074		1,114,459		—		1,568,240		1,568,240
Total real estate construction and land	2,385		1,472,466		1,474,851		—		1,947,627		1,947,627
Commercial:
Asset-based	—		3,318,822		3,318,822		—		2,951,010		2,951,010
Venture capital	14,398		2,425,677		2,440,075		625		2,221,472		2,222,097
Other commercial	13,038		3,340,496		3,353,534		2,510		3,801,589		3,804,099
Total commercial	27,436		9,084,995		9,112,431		3,135		8,974,071		8,977,206
Consumer	1,185		345,799		346,984		1,357		355,702		357,059
Total	$	203,712	$	24,007,134	$	24,210,846	$	159,168	$	24,873,511	$	25,032,679

Schedule of Credit Risk Rating for Loans and Leases

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


	June 30, 2026
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	227,445	$	158,679	$	3,651,105	$	4,037,229
Multi-family	157,819		59,149		5,228,507		5,445,475
Other residential	53,951		—		3,739,925		3,793,876
Total real estate mortgage	439,215		217,828		12,619,537		13,276,580
Real estate construction and land:
Commercial	—		—		360,392		360,392
Residential	2,385		4,036		1,108,038		1,114,459
Total real estate construction and land	2,385		4,036		1,468,430		1,474,851
Commercial:
Asset-based	15,255		4,135		3,299,432		3,318,822
Venture capital	99,773		36,182		2,304,120		2,440,075
Other commercial	24,739		35,434		3,293,361		3,353,534
Total commercial	139,767		75,751		8,896,913		9,112,431
Consumer	1,423		2,927		342,634		346,984
Total	$	582,790	$	300,542	$	23,327,514	$	24,210,846


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

Schedule of Nonaccural Loans and Leases

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


	At		Three Months Ended		Six Months Ended		At		Three Months Ended		Six Months Ended
	June 30, 2026						June 30, 2025
	Nonaccrual		Interest		Interest		Nonaccrual		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
	Investment		Recognized		Recognized		Investment		Recognized		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	43,963	$	—	$	—	$	173	$	—	$	—

Other residential	122		—		—		64		—		—



Commercial:
Asset-based	—		—		—		950		—		—

Other commercial	1,711		—		—		2,832		—		—
Consumer	1,185		—		—		716		—		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	63,153	$	3	$	6	$	97,939	$	4	$	7
Multi-family	11,639		—		—		22,594		—		—
Other residential	53,829		—		—		39,332		—		—
Real estate construction and land:

Residential	2,385		—		—		—		—		—
Commercial:
Asset-based	—		—		—		781		—		—
Venture capital	14,398		6		6		—		—		—
Other commercial	11,327		6		12		2,135		1		1

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	172,706	$	3	$	6	$	160,102	$	4	$	7
Real estate construction and land	2,385		—		—		—		—		—
Commercial	27,436		12		18		6,698		1		1
Consumer	1,185		—		—		716		—		—
Total	$	203,712	$	15	$	24	$	167,516	$	5	$	8

Schedule of Loan Portfolio Segment and Class

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


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	944	$	19,512	$	3,204	$	2,760	$	17,454	$	83,254	$	—	$	—	$	127,128
3-4.5 Pass	206,027		429,103		137,936		110,876		762,948		1,839,828		32,013		5,246		3,523,977
5 Special mention	—		—		5,167		360		20,412		109,678		—		23,062		158,679
6-8 Classified	—		3,885		14,037		3,443		77,201		128,879		—		—		227,445
Total	$	206,971	$	452,500	$	160,344	$	117,439	$	878,015	$	2,161,639	$	32,013	$	28,308	$	4,037,229
Current YTD period:
Gross charge-offs	$	—	$	—	$	464	$	—	$	11,045	$	2,542	$	—	$	—	$	14,051

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	50,408	$	308,989	$	—	$	—	$	359,397
3-4.5 Pass	180,190		420,673		108,543		54,335		1,815,432		2,286,357		3,580		—		4,869,110
5 Special mention	—		—		—		3,781		10,192		45,176		—		—		59,149
6-8 Classified	—		10,396		20,000		1,619		83,650		42,154		—		—		157,819
Total	$	180,190	$	431,069	$	128,543	$	59,735	$	1,959,682	$	2,682,676	$	3,580	$	—	$	5,445,475
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	51,969	$	16,280	$	—	$	—	$	68,249

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	308,155		943,998		49,138		24,069		262,087		2,039,903		112,575		—		3,739,925
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		6,849		3,296		408		13,703		28,722		973		—		53,951
Total	$	308,155	$	950,847	$	52,434	$	24,477	$	275,790	$	2,068,625	$	113,548	$	—	$	3,793,876
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	5	$	845	$	13	$	—	$	—	$	907


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	21,495		196,874		34,622		59,706		1,632		46,063		—		—		360,392
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	21,495	$	196,874	$	34,622	$	59,706	$	1,632	$	46,063	$	—	$	—	$	360,392
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	8,077	$	—	$	—	$	—	$	8,077

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	29,553		183,395		233,276		152,134		364,187		39,736		105,757		—		1,108,038
5 Special mention	—		—		—		—		—		4,036		—		—		4,036
6-8 Classified	—		—		—		—		—		2,385		—		—		2,385
Total	$	29,553	$	183,395	$	233,276	$	152,134	$	364,187	$	46,157	$	105,757	$	—	$	1,114,459
Current YTD period:
Gross charge-offs	$	—	$	8,191	$	953	$	—	$	44,298	$	14,089	$	—	$	—	$	67,531

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	19,636	$	40,160	$	24,152	$	19,031	$	117,220	$	283,838	$	102,110	$	—	$	606,147
3-4.5 Pass	183,608		237,810		22,657		72,147		127,400		129,306		1,920,357		—		2,693,285
5 Special mention	—		—		—		—		—		621		3,514		—		4,135
6-8 Classified	—		5,373		—		196		5,595		—		4,091		—		15,255
Total	$	203,244	$	283,343	$	46,809	$	91,374	$	250,215	$	413,765	$	2,030,072	$	—	$	3,318,822
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(105)	$	(180)	$	(76)	$	(65)	$	—	$	—	$	218,362	$	22,990	$	240,926
3-4.5 Pass	85,465		142,079		88,803		39,154		46,441		45,043		1,521,177		95,032		2,063,194
5 Special mention	—		3,977		8,641		14,413		—		5,991		2,925		235		36,182
6-8 Classified	—		7		14,578		30,300		14,621		10,890		14,979		14,398		99,773
Total	$	85,360	$	145,883	$	111,946	$	83,802	$	61,062	$	61,924	$	1,757,443	$	132,655	$	2,440,075
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	14,400	$	14,400

____________________

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


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	1,267	$	2,840	$	831	$	62	$	19,263	$	(30)	$	52,222	$	47	$	76,502
3-4.5 Pass	63,780		267,363		41,817		53,032		41,606		271,916		2,450,871		26,474		3,216,859
5 Special mention	—		—		—		7,106		—		4,451		23,869		8		35,434
6-8 Classified	—		—		—		—		6,422		3,711		13,401		1,205		24,739
Total	$	65,047	$	270,203	$	42,648	$	60,200	$	67,291	$	280,048	$	2,540,363	$	27,734	$	3,353,534
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	215	$	1,332	$	483	$	411	$	2,441

Consumer
Internal risk rating:
1-2 High pass	$	3	$	55	$	—	$	—	$	10	$	3	$	360	$	—	$	431
3-4.5 Pass	27,081		24,304		19,241		10,970		46,842		208,098		5,595		72		342,203
5 Special mention	—		—		—		—		824		2,103		—		—		2,927
6-8 Classified	—		—		—		—		326		858		—		239		1,423
Total	$	27,084	$	24,359	$	19,241	$	10,970	$	48,002	$	211,062	$	5,955	$	311	$	346,984
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	139	$	1,919	$	—	$	—	$	2,058

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	21,745	$	62,387	$	28,111	$	21,788	$	204,355	$	676,054	$	373,054	$	23,037	$	1,410,531
3-4.5 Pass	1,105,354		2,845,599		736,033		576,423		3,468,575		6,906,250		6,151,925		126,824		21,916,983
5 Special mention	—		3,977		13,808		25,660		31,428		172,056		30,308		23,305		300,542
6-8 Classified	—		26,510		51,911		35,966		201,518		217,599		33,444		15,842		582,790
Total	$	1,127,099	$	2,938,473	$	829,863	$	659,837	$	3,905,876	$	7,971,959	$	6,588,731	$	189,008	$	24,210,846
Current YTD period:
Gross charge-offs	$	—	$	8,235	$	1,417	$	5	$	116,588	$	36,175	$	483	$	14,811	$	177,714

______________________

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


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

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

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


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

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

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

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

____________________

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


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

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

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

____________________

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

Schedule of Loan Modifications

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


	Amortized Cost Basis at June 30, 2026
							Payment Delay,		Term Extension,				% of
	Term		Payment		Interest		and Interest		Interest Rate Reduction,				Total
	Extension		Delay		Rate Reduction		Rate Reduction		and Forgiveness		Total		Loans
Three Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	2,302	$	2,418	$	—	$	1,007	$	—	$	5,727	0.1	%
Multi-family	103,650		—		—		—		—		103,650		1.9	%



Commercial:

Venture capital	14,597		—		—		—		14,398		28,995		1.2	%
Other commercial	2,320		—		40				—		2,360		0.1	%

Total	$	122,869	$	2,418	$	40	$	1,007	$	14,398	$	140,732


	Amortized Cost Basis at June 30, 2026
					Interest		Term Extension		Payment Delay,		Term Extension,				% of
	Term		Payment		Rate		and Interest		and Interest		Interest Rate Reduction				Total
	Extension		Delay		Reduction		Rate Reduction		Rate Reduction		and Forgiveness		Total		Loans
Six Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	33,207	$	3,364	$	—	$	—	$	1,007	$	44,160	$	81,738	2.0	%
Multi-family	105,270		—		—		—		—		—		105,270		1.9	%



Commercial:

Venture capital	14,597		—		—		—		—		14,398		28,995		1.2	%
Other commercial	2,428		—		40		57		—		—		2,525		0.1	%

Total	$	155,502	$	3,364	$	40	$	57	$	1,007	$	58,558	$	218,528


	Amortized Cost Basis at June 30, 2025

					Interest		Term Extension				% of
	Term		Payment		Rate		and Interest				Total
	Extension		Delay		Reduction		Rate Reduction		Total		Loans
Three Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	9,661	$	2,078	$	2,621	$	—	$	14,360	0.3	%
Multi-family	42,853		—		—		—		42,853		0.7	%

Real estate construction and land:
Commercial	69,324		—		—		—		69,324		18.2	%

Commercial:
Asset-based	25,334		—		—		—		25,334		1.0	%

Other commercial	3,905		—		—		216		4,121		0.1	%
Consumer	7		—		—		—		7		—	%
Total	$	151,084	$	2,078	$	2,621	$	216	$	155,999


	Amortized Cost Basis at June 30, 2025
									Term Extension,
					Interest		Term Extension		Interest Rate				% of
	Term		Payment		Rate		and Interest		Reduction, and				Total
	Extension		Delay		Reduction		Rate Reduction		Payment Delay		Total		Loans
Six Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	47,572	$	3,657	$	2,621	$	—	$	—	$	53,850	1.2	%
Multi-family	67,157		—		—		—		—		67,157		1.1	%
Other residential	971		2,500		—		—		—		3,471		0.1	%
Real estate construction and land:
Commercial	69,324		—		—		—		—		69,324		18.2	%
Residential	3,124		—		—		—		—		3,124		0.2	%
Commercial:
Asset-based	25,334		—		—		—		—		25,334		1.0	%
Venture capital	7,395		—		—		—		—		7,395		0.4	%
Other commercial	4,237		—		—		547		146		4,930		0.1	%
Consumer	7		—		—		—		—		7		—	%
Total	$	225,121	$	6,157	$	2,621	$	547	$	146	$	234,592

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


	Weighted Average for the Three Months Ended June 30, 2026
			Interest		Payment Delay
	Term Extension	Payment Delay	Rate Reduction		and Interest Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	5	6	—		3	1.74	%
Multi-family	40	—	—		—	—




Commercial:

Venture capital	21	—	—		—	—
Other commercial	8	—	4.00	%	—	—


	Weighted Average for the Six Months Ended June 30, 2026
			Interest		Payment Delay			Term Extension and
	Term Extension	Payment Delay	Rate Reduction		and Interest Reduction			Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	10	6	—		3	1.74	%	—	—
Multi-family	40	—	—		—	—		—	—




Commercial:

Venture capital	21	—	—		—	—		—	—
Other commercial	10	—	4.00	%	—	—		15	3.50	%


	Weighted Average for the Three Months Ended June 30, 2025
			Interest		Term Extension and
	Term Extension	Payment Delay	Rate Reduction		Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	10	3	3.29	%	—	—
Multi-family	6	—	—		—	—

Real estate construction and land:
Commercial	4	—	—		—	—

Commercial:
Asset-based	47	—	—		—	—

Other commercial	15	—	—		54	1.85	%
Consumer	24	—	—		—	—


	Weighted Average for the Six Months Ended June 30, 2025
			Interest		Term Extension and
	Term Extension	Payment Delay	Rate Reduction		Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	13	4	3.29	%	—	—
Multi-family	6	—	—		—	—
Other residential	9	3	—		—	—
Real estate construction and land:
Commercial	4	—	—		—	—
Residential	12	—	—		—	—
Commercial:
Asset-based	47	—	—		—	—
Venture capital	12	—	—		—	—
Other commercial	17	—	—		55	1.91	%
Consumer	24	—	—		—	—

Schedule of Payment Status of Loans

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


	Payment Status (Amortized Cost Basis) at June 30, 2026
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	131,127	$	—	$	—	$	131,127
Multi-family	105,270		—		—		105,270
Other residential	—		1,475		—		1,475



Commercial:
Asset-based	29,075		—		—		29,075
Venture capital	46,074		—		—		46,074
Other commercial	2,670		—		—		2,670
Consumer	238		—		—		238
Total	$	314,454	$	1,475	$	—	$	315,929


	Payment Status (Amortized Cost Basis) at June 30, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	117,025	$	—	$	—	$	117,025
Multi-family	67,157		—		—		67,157
Other residential	1,634		—		2,500		4,134
Real estate construction and land:
Commercial	69,324		—		—		69,324
Residential	3,124		—		—		3,124
Commercial:
Asset-based	25,334		—		—		25,334
Venture capital	13,121		—		—		13,121
Other commercial	5,376		—		—		5,376
Consumer	7		—		—		7
Total	$	302,102	$	—	$	2,500	$	304,602

Schedule of Leases Receivable Income

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


	Three Months Ended June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	3,732	$	3,690	$	7,284	$	7,745

Schedule of Leases Receivable

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


	June 30, 2026		December 31, 2025
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	164,278	$	151,719
Unguaranteed residual assets	19,173		19,921
Deferred costs and other	2,740		1,793
Aggregate net investment in leases	$	186,191	$	173,433

Schedule of Maturities of Leases

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	32,951
2027	54,458
2028	41,707
2029	34,697
2030	10,433
Thereafter	10,735
Total undiscounted cash flows	184,981
Less: Unearned income	(20,703)
Present value of lease payments	$	164,278

Schedule of Activity in ACL

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


	Three Months Ended June 30, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	131,514	$	10,395	$	86,815	$	12,876	$	241,600
Charge-offs	(77,833)		(67,531)		(15,104)		(1,149)		(161,617)
Recoveries	90		—		921		325		1,336
Net charge-offs	(77,743)		(67,531)		(14,183)		(824)		(160,281)
Provision	93,250		66,400		1,636		714		162,000
Balance, end of period	$	147,021	$	9,264	$	74,268	$	12,766	$	243,319
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	913	$	8,265	$	25,727	$	16	$	34,921
Provision	20		(609)		(1,406)		(5)		(2,000)
Balance, end of period	$	933	$	7,656	$	24,321	$	11	$	32,921
Total ACL, end of period	$	147,954	$	16,920	$	98,589	$	12,777	$	276,240


	Six Months Ended June 30, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612
Charge-offs	(83,207)		(75,608)		(16,841)		(2,058)		(177,714)
Recoveries	892		—		2,228		501		3,621
Net charge-offs	(82,315)		(75,608)		(14,613)		(1,557)		(174,093)
Provision	91,935		76,023		2,794		1,048		171,800
Balance, end of period	$	147,021	$	9,264	$	74,268	$	12,766	$	243,319
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	998	$	8,755	$	25,156	$	12	$	34,921
Provision	(65)		(1,099)		(835)		(1)		(2,000)
Balance, end of period	$	933	$	7,656	$	24,321	$	11	$	32,921
Total ACL, end of period	$	147,954	$	16,920	$	98,589	$	12,777	$	276,240

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	9,867	$	—	$	699	$	—	$	10,566
Collectively evaluated	$	137,154	$	9,264	$	73,569	$	12,766	$	232,753

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	172,476	$	2,385	$	26,424	$	—	$	201,285
Collectively evaluated	13,104,104		1,472,466		9,086,007		346,984		24,009,561
Ending balance	$	13,276,580	$	1,474,851	$	9,112,431	$	346,984	$	24,210,846


	Three Months Ended June 30, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	130,116	$	14,125	$	75,988	$	14,757	$	234,986
Charge-offs	(16,080)		(21,536)		(8,593)		(739)		(46,948)
Recoveries	298		—		2,288		140		2,726
Net charge-offs	(15,782)		(21,536)		(6,305)		(599)		(44,222)
Provision	20,611		14,474		3,647		(152)		38,580
Balance, end of period	$	134,945	$	7,063	$	73,330	$	14,006	$	229,344
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	1,206	$	3,824	$	24,517	$	24	$	29,571
Provision	(98)		(834)		595		(13)		(350)
Balance, end of period	$	1,108	$	2,990	$	25,112	$	11	$	29,221
Total ACL, end of period	$	136,053	$	10,053	$	98,442	$	14,017	$	258,565


	Six Months Ended June 30, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(21,869)		(21,536)		(18,175)		(1,919)		(63,499)
Recoveries	610		—		4,391		202		5,203
Net charge-offs	(21,259)		(21,536)		(13,784)		(1,717)		(58,296)
Provision	10,450		17,659		19,281		890		48,280
Balance, end of period	$	134,945	$	7,063	$	73,330	$	14,006	$	229,344
Reserve for Unfunded Loan Commitments:
Balance, beginning of period	$	1,404	$	4,643	$	23,010	$	15	$	29,072
Provision	(296)		(1,653)		2,102		(4)		149
Balance, end of period	$	1,108	$	2,990	$	25,112	$	11	$	29,221
Total ACL, end of period	$	136,053	$	10,053	$	98,442	$	14,017	$	258,565

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	—	$	—	$	267	$	—	$	267
Collectively evaluated	$	134,945	$	7,063	$	73,063	$	14,006	$	229,077

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	160,087	$	—	$	4,440	$	—	$	164,527
Collectively evaluated	13,647,721		2,302,091		7,748,817		382,737		24,081,366
Ending balance	$	13,807,808	$	2,302,091	$	7,753,257	$	382,737	$	24,245,893

Schedule of Collateral-Dependent Loans

The following table summarizes collateral-dependent loans HFI by collateral type as of the following dates:


	June 30, 2026				December 31, 2025
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	174,865	$	—	$	174,865	$	155,233	$	—	$	155,233
Real estate construction and land	2,385		—		2,385		—		—		—
Commercial	—		26,053		26,053		—		625		625

Total	$	177,250	$	26,053	$	203,303	$	155,233	$	625	$	155,858