v3.26.1
LOANS AND LEASES RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans and Leases Receivable
The following table presents loans and leases receivable as of June 30, 2026 and December 31, 2025:
(amounts in thousands)June 30, 2026December 31, 2025
Loans and leases receivable:
Commercial:
Commercial and industrial:
Specialized lending (1)
$7,650,758 $7,090,087 
Other commercial and industrial
1,179,043 1,121,087 
Multifamily2,623,964 2,490,336 
Commercial real estate owner occupied1,270,575 1,135,119 
Commercial real estate non-owner occupied1,888,040 1,738,821 
Construction216,832 162,966 
Total commercial loans and leases receivable14,829,212 13,738,416 
Consumer:
Residential real estate508,187 497,567 
Manufactured housing24,763 27,452 
Installment:
Personal647,149 581,340 
Other207,757 196,565 
Total consumer loans receivable1,387,856 1,302,924 
Loans and leases receivable16,217,068 15,041,340 
Loans receivable, mortgage finance, at fair value1,654,795 1,612,997 
Loans receivable, installment, at fair value84,826 102,077 
Allowance for credit losses on loans and leases(164,106)(155,656)
Total loans and leases receivable, net of allowance for credit losses on loans and leases (2)
$17,792,583 $16,600,758 
(1)Includes direct finance and sales-type equipment leases of $325.9 million and $306.5 million at June 30, 2026 and December 31, 2025, respectively.
(2)Includes deferred (fees) costs and unamortized (discounts) premiums, net of $(29.9) million and $(30.3) million at June 30, 2026 and December 31, 2025, respectively.
Loans and Leases Receivable by Loan Type and Performance Status
The following tables summarize loans and leases receivable by loan and lease type and performance status as of June 30, 2026 and December 31, 2025:
June 30, 2026
(amounts in thousands)
30-59 Days past due (1)
60-89 Days past due (1)
90 Days or more past due (2)
Total past due
Loans and leases not past due (3)(4)
Total loans and leases (4)
Commercial and industrial, including specialized lending$1,410 $11,739 $7,216 $20,365 $8,805,388 $8,825,753 
Multifamily— 7,130 — 7,130 2,616,834 2,623,964 
Commercial real estate owner occupied— — 5,691 5,691 1,264,884 1,270,575 
Commercial real estate non-owner occupied— — 135 135 1,887,905 1,888,040 
Construction— — — — 216,832 216,832 
Residential real estate4,900 4,259 4,307 13,466 494,721 508,187 
Manufactured housing132 467 1,197 1,796 22,967 24,763 
Installment7,066 3,122 4,076 14,264 840,642 854,906 
Total$13,508 $26,717 $22,622 $62,847 $16,150,173 $16,213,020 
December 31, 2025
(amounts in thousands)
30-59 Days past due (1)
60-89 Days past due (1)
90 Days or more past due (2)
Total past due
Loans and leases not past due (3)(4)
Total loans and leases (4)
Commercial and industrial, including specialized lending
$9,212 $12,888 $7,359 $29,459 $8,177,047 $8,206,506 
Multifamily17,506 — 2,092 19,598 2,470,738 2,490,336 
Commercial real estate owner occupied3,124 158 3,875 7,157 1,127,962 1,135,119 
Commercial real estate non-owner occupied65 — 168 233 1,738,588 1,738,821 
Construction— — — — 162,966 162,966 
Residential real estate11,259 4,376 5,197 20,832 476,735 497,567 
Manufactured housing533 205 1,466 2,204 25,248 27,452 
Installment8,744 3,519 4,483 16,746 761,159 777,905 
Total$50,443 $21,146 $24,640 $96,229 $14,940,443 $15,036,672 
(1)Includes past due loans and leases that are accruing interest because collection is considered probable.
(2)Includes loans amounting to $0.2 million and $4.0 million as of June 30, 2026 and December 31, 2025, respectively, that are still accruing interest because collection is considered probable.
(3)Loans and leases where next payment due is less than 30 days from the report date.
(4)Includes PCD loans of $118.6 million and $118.5 million at June 30, 2026 and December 31, 2025, respectively.
Amortized Cost of Loans and Leases on Nonaccrual Status
The following table presents the amortized cost of loans and leases held for investment on non-accrual status:
June 30, 2026December 31, 2025
(amounts in thousands)Non-accrual loans with no related allowanceNon-accrual loans with related allowanceTotal non-accrual loansNon-accrual loans with no related allowanceNon-accrual loans with related allowanceTotal non-accrual loans
Commercial and industrial, including specialized lending$11,156 $11,672 $22,828 $8,108 $11,682 $19,790 
Multifamily14,205 — 14,205 2,092 — 2,092 
Commercial real estate owner occupied5,692 — 5,692 3,876 — 3,876 
Commercial real estate non-owner occupied135 — 135 168 — 168 
Residential real estate6,586 154 6,740 9,513 158 9,671 
Manufactured housing— 1,047 1,047 — 1,192 1,192 
Installment— 4,075 4,075 — 4,483 4,483 
Total$37,774 $16,948 $54,722 $23,757 $17,515 $41,272 
Schedule of Allowance for Credit Losses on Loans and Leases
The changes in the ACL on loans and leases by loan and lease type for the three and six months ended June 30, 2026 and 2025 are presented in the tables below:
(amounts in thousands)
Commercial and industrial (1)
MultifamilyCommercial real estate owner occupiedCommercial real estate non-owner occupiedConstructionResidential real estateManufactured housingInstallmentTotal
Three Months Ended
June 30, 2026
Ending Balance,
March 31, 2026		$41,214 $19,441 $10,556 $18,470 $2,672 $5,713 $3,338 $59,558 $160,962 
Charge-offs(3,469)(4,880)(6)— — (21)— (8,951)(17,327)
Recoveries821 — 338 — — 1 — 1,588 2,748 
Provision (benefit) for credit losses on loans and leases1,592 14,763 (662)(4,967)131 558 (94)6,402 17,723 
Ending Balance,
June 30, 2026		$40,158 $29,324 $10,226 $13,503 $2,803 $6,251 $3,244 $58,597 $164,106 
Six Months Ended
June 30, 2026
Ending Balance,
December 31, 2025		$37,683 $19,333 $10,431 $18,928 $2,225 $6,499 $3,391 $57,166 $155,656 
Charge-offs(7,948)(7,510)(36)— — (22)— (18,883)(34,399)
Recoveries2,724 — 373 — — 2 — 3,466 6,565 
Provision (benefit) for credit losses on loans and leases7,699 17,501 (542)(5,425)578 (228)(147)16,848 36,284 
Ending Balance,
June 30, 2026		$40,158 $29,324 $10,226 $13,503 $2,803 $6,251 $3,244 $58,597 $164,106 
(amounts in thousands)
Commercial and industrial (1)
MultifamilyCommercial real estate owner occupiedCommercial real estate non-owner occupiedConstructionResidential real estateManufactured housingInstallmentTotal
Three Months Ended
June 30, 2025
Ending Balance,
March 31, 2025		$30,584 $18,790 $10,780 $18,058 $1,264 $6,163 $3,800 $51,637 $141,076 
Allowance for credit losses on PCD loans, net of charge-offs (2)
1,000 — — — — — — — 1,000 
Charge-offs(5,996)— (417)— — — — (10,750)(17,163)
Recoveries2,125 — 6 — 3 4 — 1,910 4,048 
Provision (benefit) for credit losses on loans and leases8,549 2,074 2,145 2,621 893 164 (79)2,090 18,457 
Ending Balance,
June 30, 2025		$36,262 $20,864 $12,514 $20,679 $2,160 $6,331 $3,721 $44,887 $147,418 
Six Months Ended
June 30, 2025
Ending Balance,
December 31, 2024		$29,379 $18,511 $10,755 $17,405 $1,250 $5,968 $3,829 $49,678 $136,775 
Allowance for credit losses on PCD loans, net of charge-offs (2)
1,000 — — — — — — — 1,000 
Charge-offs(10,503)(3,834)(436)— — — — (23,153)(37,926)
Recoveries3,401 — 9 — 6 4 — 4,247 7,667 
Provision (benefit) for credit losses on loans and leases12,985 6,187 2,186 3,274 904 359 (108)14,115 39,902 
Ending Balance,
June 30, 2025		$36,262 $20,864 $12,514 $20,679 $2,160 $6,331 $3,721 $44,887 $147,418 
(1)    Includes specialized lending.
(2)    Represents $1.0 million of allowance for credit losses on PCD loans recognized upon acquisition of commercial and industrial loans during the three and six months ended June 30, 2025.
Summary of Loans Modified in Troubled Debt Restructurings and Related Recorded Investment
The following tables present the amortized cost of loans that were modified to borrowers experiencing financial difficulty for the three and six months ended June 30, 2026 and 2025, disaggregated by class of financing receivable and type of modification granted:
Three Months Ended June 30, 2026
(dollars in thousands)Interest Rate ReductionTerm ExtensionPayment DeferralDebt ForgivenessInterest Rate Reduction and Term ExtensionTotalPercentage of Total by Financing Class
Commercial and industrial, including specialized lending
$— $9,089 $— $— $— $9,089 0.10 %
Personal installment121 522 643 493 — 1,779 0.28 %
Total$121 $9,611 $643 $493 $— $10,868 
Three Months Ended June 30, 2025
(dollars in thousands)Term ExtensionPayment DeferralDebt ForgivenessInterest Rate Reduction and Term ExtensionTotalPercentage of Total by Financing Class
Personal installment$665 $233 $789 $— $1,687 0.37 %
Total$665 $233 $789 $— $1,687 

Six Months Ended June 30, 2026
(dollars in thousands)Interest Rate ReductionTerm ExtensionPayment DeferralDebt ForgivenessInterest Rate Reduction and Term ExtensionTotalPercentage of Total by Financing Class
Commercial and industrial, including specialized lending
$— $15,169 $— $— $— $15,169 0.17 %
Manufactured housing— — — — 41 41 0.17 %
Personal installment220 1,256 1,107 927 — 3,510 0.54 %
Total$220 $16,425 $1,107 $927 $41 $18,720 
Six Months Ended June 30, 2025
(dollars in thousands)Term ExtensionPayment DeferralDebt ForgivenessInterest Rate Reduction and Term ExtensionTotalPercentage of Total by Financing Class
Commercial and industrial, including specialized lending
$731 $760 $— $— $1,491 0.02 %
Personal installment2,922 1,491 888 126 5,427 1.19 %
Total$3,653 $2,251 $888 $126 $6,918 
The following tables summarize the impacts of loan modifications made to borrowers experiencing financial difficulty for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
Weighted AverageWeighted Average
(dollars in thousands)Interest Rate Reduction (%)Term Extension
(in months)		Payment Deferral
(in months)		Debt ForgivenInterest Rate Reduction (%)Term Extension
(in months)		Payment Deferral
(in months)		Debt Forgiven
Commercial and industrial, including specialized lending—%60$— —%00$— 
Personal installment12.1710695 —59794 
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Weighted AverageWeighted Average
(dollars in thousands)Interest Rate Reduction (%)Term Extension
(in months)		Payment Deferral
(in months)		Debt ForgivenInterest Rate Reduction (%)Term Extension
(in months)		Payment Deferral
(in months)		Debt Forgiven
Commercial and industrial, including specialized lending— %90$— — %116$— 
Manufactured housing4.3 400— — 00— 
Personal installment12.7 691,001 11.5 57867 
The performance of loans made to borrowers experiencing financial difficulty in which modifications were made is closely monitored to understand the effectiveness of modification efforts. Loans are considered to be in payment default at 90 days or more past due. The following tables present an aging analysis of loan modifications made to borrowers experiencing financial difficulty in the twelve months ended June 30, 2026 and 2025:
June 30, 2026
(dollars in thousands)30-59 Days past due60-89 Days past due90 Days or more past dueCurrentTotal
Commercial and industrial, including specialized lending
$— $— $— $20,387 $20,387 
Manufactured housing— — — 41 41 
Personal installment568 205 295 5,031 6,099 
Total$568 $205 $295 $25,459 $26,527 
June 30, 2025
(dollars in thousands)30-59 Days past due60-89 Days past due90 Days or more past dueCurrentTotal
Commercial and industrial, including specialized lending
$— $— $— $6,286 $6,286 
Residential real estate— — — 301 301 
Manufactured housing— — — 167 167 
Personal installment542 574 517 5,431 7,064 
Total$542 $574 $517 $12,185 $13,818 
Credit Ratings of Covered and Non-Covered Loan Portfolio
The following tables present the credit ratings of loans and leases receivable and current period gross write-offs as of June 30, 2026 and December 31, 2025:
Term Loans Amortized Cost Basis by Origination Year as of
June 30, 2026
(amounts in thousands)20262025202420232022PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Commercial and industrial loans and leases, including specialized lending:
Pass$1,424,018 $1,960,832 $1,108,054 $408,614 $766,028 $276,583 $2,520,699 $211,916 $8,676,744 
Special mention— 1,803 2,715 — 4,080 — 2,000 6,959 17,557 
Substandard703 7,507 9,266 2,336 13,347 65,420 12,170 20,703 131,452 
Doubtful— — — — — — — — — 
Total commercial and industrial loans and leases$1,424,721 $1,970,142 $1,120,035 $410,950 $783,455 $342,003 $2,534,869 $239,578 $8,825,753 
Commercial and industrial loans and leases charge-offs:
Three Months Ended June 30, 2026$— $— $— $332 $3,028 $109 $— $— $3,469 
Six Months Ended June 30, 2026— 3,616 — 332 3,110 890 — — 7,948 
Multifamily loans:
Pass$247,385 $454,600 $232,557 $754 $1,059,442 $457,001 $— $— $2,451,739 
Special mention— — — — 67,020 19,543 — — 86,563 
Substandard— — — — 13,664 71,998 — — 85,662 
Doubtful— — — — — — — — — 
Total multifamily loans$247,385 $454,600 $232,557 $754 $1,140,126 $548,542 $— $— $2,623,964 
Multifamily loans charge-offs:
Three Months Ended June 30, 2026$— $— $— $— $— $4,880 $— $— $4,880 
Six Months Ended June 30, 2026— — — — — 7,510 — — 7,510 
Commercial real estate owner occupied loans:
Pass$134,581 $275,844 $329,020 $45,153 $201,869 $240,908 $7,603 $30 $1,235,008 
Special mention— — — — — 41 — — 41 
Substandard— 17,632 — 4,857 2,773 10,264 — — 35,526 
Doubtful— — — — — — — — — 
Total commercial real estate owner occupied loans$134,581 $293,476 $329,020 $50,010 $204,642 $251,213 $7,603 $30 $1,270,575 
Commercial real estate owner occupied loans charge-offs:
Three Months Ended June 30, 2026$— $— $— $— $6 $— $— $— $6 
Six Months Ended June 30, 2026— — — — 36 — — — 36 
Commercial real estate non-owner occupied loans:
Pass$261,999 $522,185 $168,950 $13,883 $331,768 $551,535 $2,300 $2,000 $1,854,620 
Special mention— — — 21,971 3,511 3,061 — — 28,543 
Substandard— — — — 2,131 2,746 — — 4,877 
Doubtful— — — — — — — — — 
Total commercial real estate non-owner occupied loans$261,999 $522,185 $168,950 $35,854 $337,410 $557,342 $2,300 $2,000 $1,888,040 
Commercial real estate non-owner occupied loans charge-offs:
Three Months Ended June 30, 2026$— $— $— $— $— $— $— $— $— 
Six Months Ended June 30, 2026— — — — — — — — — 
Term Loans Amortized Cost Basis by Origination Year as of
June 30, 2026
(amounts in thousands)20262025202420232022PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Construction loans:
Pass$11,258 $76,705 $50,402 $57,195 $21,272 $— $— $— $216,832 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total construction loans$11,258 $76,705 $50,402 $57,195 $21,272 $— $— $— $216,832 
Construction loans charge-offs:
Three Months Ended June 30, 2026$— $— $— $— $— $— $— $— $— 
Six Months Ended June 30, 2026— — — — — — — — — 
Total commercial loans and leases receivable$2,079,944 $3,317,108 $1,900,964 $554,763 $2,486,905 $1,699,100 $2,544,772 $241,608 $14,825,164 
Total commercial loans and leases receivable charge-offs:
Three Months Ended June 30, 2026$— $— $— $332 $3,034 $4,989 $— $— $8,355 
Six Months Ended June 30, 2026— 3,616 — 332 3,146 8,400 — — 15,494 
Residential real estate loans:
Performing$25,265 $47,044 $32,071 $17,122 $149,092 $184,954 $45,631 $— $501,179 
Non-performing— — 129 680 572 5,469 158 — 7,008 
Total residential real estate loans$25,265 $47,044 $32,200 $17,802 $149,664 $190,423 $45,789 $— $508,187 
Residential real estate loans charge-offs:
Three Months Ended June 30, 2026$— $— $— $21 $— $— $— $— $21 
Six Months Ended June 30, 2026— — — 21 1 — — — 22 
Manufactured housing loans:
Performing$— $— $— $— $— $23,429 $— $— $23,429 
Non-performing— — — — — 1,334 — — 1,334 
Total manufactured housing loans$— $— $— $— $— $24,763 $— $— $24,763 
Manufactured housing loans charge-offs:
Three Months Ended June 30, 2026$— $— $— $— $— $— $— $— $— 
Six Months Ended June 30, 2026— — — — — — — — — 
Installment loans:
Performing$253,252 $195,448 $57,256 $147,741 $110,643 $78,646 $7,844 $— $850,830 
Non-performing6 655 423 1,540 915 537 — — 4,076 
Total installment loans$253,258 $196,103 $57,679 $149,281 $111,558 $79,183 $7,844 $— $854,906 
Installment loans charge-offs:
Three Months Ended June 30, 2026$1,244 $1,609 $1,035 $2,030 $1,973 $1,060 $— $— $8,951 
Six Months Ended June 30, 20261,866 3,131 2,373 4,560 4,877 2,076 — — 18,883 
Total consumer loans$278,523 $243,147 $89,879 $167,083 $261,222 $294,369 $53,633 $— $1,387,856 
Total consumer loans charge-offs:
Three Months Ended June 30, 2026$1,244 $1,609 $1,035 $2,051 $1,973 $1,060 $— $— $8,972 
Six Months Ended June 30, 20261,866 3,131 2,373 4,581 4,878 2,076 — — 18,905 
Loans and leases receivable$2,358,467 $3,560,255 $1,990,843 $721,846 $2,748,127 $1,993,469 $2,598,405 $241,608 $16,213,020 
Term Loans Amortized Cost Basis by Origination Year as of
June 30, 2026
(amounts in thousands)20262025202420232022PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Loans and leases receivable charge-offs:
Three Months Ended June 30, 2026$1,244 $1,609 $1,035 $2,383 $5,007 $6,049 $— $— $17,327 
Six Months Ended June 30, 2026$1,866 $6,747 $2,373 $4,913 $8,024 $10,476 $— $— $34,399 


Term Loans Amortized Cost Basis by Origination Year as of
December 31, 2025
(amounts in thousands)20252024202320222021PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Commercial and industrial loans and leases, including specialized lending:
Pass$2,609,580 $1,280,152 $609,744 $839,184 $233,753 $129,958 $2,131,707 $167,916 $8,001,994 
Special mention7,511 4,778 — 37,976 3,633 — 9,658 7,150 70,706 
Substandard— 10,267 1,116 18,927 15,226 84,462 797 3,011 133,806 
Doubtful— — — — — — — — — 
Total commercial and industrial loans and leases$2,617,091 $1,295,197 $610,860 $896,087 $252,612 $214,420 $2,142,162 $178,077 $8,206,506 
Commercial and industrial loans and leases charge-offs:
For the Year Ended December 31, 2025
$— $1,064 $881 $10,880 $600 $1,307 $— $— $14,732 
Multifamily loans:
Pass$467,366 $233,998 $775 $1,148,681 $242,865 $290,416 $— $— $2,384,101 
Special mention— — — 14,556 20,471 16,920 — — 51,947 
Substandard— — — 7,182 16,974 30,132 — — 54,288 
Doubtful— — — — — — — — — 
Total multifamily loans$467,366 $233,998 $775 $1,170,419 $280,310 $337,468 $— $— $2,490,336 
Multifamily loans charge-offs:
For the Year Ended December 31, 2025
$— $— $— $— $— $8,446 $— $— $8,446 
Commercial real estate owner occupied loans:
Pass$217,893 $335,437 $52,517 $195,951 $161,739 $124,346 $7,604 $32 $1,095,519 
Special mention17,785 — — 10,676 1,214 43 — — 29,718 
Substandard— — 2,928 170 — 6,784 — — 9,882 
Doubtful— — — — — — — — — 
Total commercial real estate owner occupied loans$235,678 $335,437 $55,445 $206,797 $162,953 $131,173 $7,604 $32 $1,135,119 
Commercial real estate owner occupied loans charge-offs:
For the Year Ended December 31, 2025
$— $— $15 $417 $361 $393 $— $— $1,186 
Commercial real estate non-owner occupied loans:
Pass$524,297 $163,771 $14,136 $354,528 $86,017 $525,878 $3,300 $— $1,671,927 
Special mention— — 24,048 28,407 6,010 5,626 — — 64,091 
Substandard— — — 1,754 — 1,049 — — 2,803 
Doubtful— — — — — — — — — 
Total commercial real estate non-owner occupied loans$524,297 $163,771 $38,184 $384,689 $92,027 $532,553 $3,300 $— $1,738,821 
Commercial real estate non-owner occupied loans charge-offs:
For the Year Ended December 31, 2025
$— $— $— $— $— $3,073 $— $— $3,073 
Construction loans:
Pass$36,844 $55,389 $49,156 $21,577 $— $— $— $— $162,966 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total construction loans$36,844 $55,389 $49,156 $21,577 $— $— $— $— $162,966 
Construction loans charge-offs:
For the Year Ended December 31, 2025
$— $— $— $— $— $— $— $— $— 
Total commercial loans and leases receivable$3,881,276 $2,083,792 $754,420 $2,679,569 $787,902 $1,215,614 $2,153,066 $178,109 $13,733,748 
Term Loans Amortized Cost Basis by Origination Year as of
December 31, 2025
(amounts in thousands)20252024202320222021PriorRevolving loans amortized cost basisRevolving loans converted to termTotal
Total commercial loans and leases receivable charge-offs:
For the Year Ended December 31, 2025
$— $1,064 $896 $11,297 $961 $13,219 $— $— $27,437 
Residential real estate loans:
Performing$49,521 $32,347 $18,124 $152,771 $114,934 $75,589 $44,794 $— $488,080 
Non-performing— 133 962 1,225 1,040 4,990 1,137 — 9,487 
Total residential real estate loans$49,521 $32,480 $19,086 $153,996 $115,974 $80,579 $45,931 $— $497,567 
Residential real estate loans charge-offs:
For the Year Ended December 31, 2025
$— $— $53 $— $— $3 $— $— $56 
Manufactured housing loans:
Performing$— $— $— $— $— $25,845 $— $— $25,845 
Non-performing— — — — — 1,607 — — 1,607 
Total manufactured housing loans$— $— $— $— $— $27,452 $— $— $27,452 
Manufactured housing loans charge-offs:
For the Year Ended December 31, 2025
$— $— $— $— $— $— $— $— $— 
Installment loans:
Performing$245,697 $76,563 $178,863 $159,650 $40,057 $32,671 $39,981 $1 $773,483 
Non-performing364 467 1,532 1,610 258 61 130 — 4,422 
Total installment loans$246,061 $77,030 $180,395 $161,260 $40,315 $32,732 $40,111 $1 $777,905 
Installment loans charge-offs:
For the Year Ended December 31, 2025
$2,621 $4,713 $12,790 $15,413 $6,457 $2,809 $— $— $44,803 
Total consumer loans$295,582 $109,510 $199,481 $315,256 $156,289 $140,763 $86,042 $1 $1,302,924 
Total consumer loans charge-offs:
For the Year Ended December 31, 2025
$2,621 $4,713 $12,843 $15,413 $6,457 $2,812 $— $— $44,859 
Loans and leases receivable$4,176,858 $2,193,302 $953,901 $2,994,825 $944,191 $1,356,377 $2,239,108 $178,110 $15,036,672 
Loans and leases receivable charge-offs:
For the Year Ended December 31, 2025
$2,621 $5,777 $13,739 $26,710 $7,418 $16,031 $— $— $72,296 
Schedule of Loan Purchases and Sales
Purchases and sales of loans held for investment were as follows for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
(amounts in thousands)2026202520262025
Purchases (1)
Other commercial and industrial$— $52,776 $— $53,855 
Construction— 10,080 — 10,080 
Personal installment (2)
111,952 40,700 169,778 145,641 
Other installment (2)
30,268 — 30,268 — 
Total$142,220 $103,556 $200,046 $209,576 
Sales (3)
Specialized lending
$— $— $1,039 $— 
Other commercial and industrial (4)
24,184 — 38,314 — 
Multifamily— — — 8,000 
Commercial real estate owner occupied (4)
1,181 — 5,206 — 
Personal installment
— — — 281 
Total$25,365 $— $44,559 $8,281 
(1)Amounts reported in the above table are the unpaid principal balance at time of purchase. The purchase price was 99.9% and 74.4% of the loans’ unpaid principal balance for the three months ended June 30, 2026 and 2025, respectively. The purchase price was 99.6% and 87.1% of the loans' unpaid principal balance for the six months ended June 30, 2026 and 2025, respectively.
(2)Installment loan purchases for the three and six months ended June 30, 2026 and 2025 consist of third-party originated unsecured consumer loans. None of the loans held for investment are considered sub-prime at the time of origination. Customers considers sub-prime borrowers to be those with FICO scores below 660.
(3)The gain on sales of loans held for investment included in net gain (loss) on sale of loans and leases in the consolidated statement of income was $1.1 million and $2.1 million for the three and six months ended June 30, 2026, respectively. The gain on sales of loans held for investment included in net gain (loss) on sale of loans and leases in the consolidated statement of income was insignificant for the three and six months ended June 30, 2025.
(4)Primarily sales of SBA loans.