v3.26.1
Loans Receivable and Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Loans Receivable and Allowance for Credit Losses Loans Receivable and Allowance for Credit Losses
Loans held for investment as of June 30, 2026 and December 31, 2025 are summarized as follows (in thousands):
June 30, 2026December 31, 2025
Mortgage loans:
Commercial$7,502,579 7,398,792 
Multi-family3,806,823 3,667,337 
Construction638,933 662,112 
Residential1,938,704 1,974,324 
Total mortgage loans13,887,039 13,702,565 
Commercial loans (1)
5,565,030 5,200,517 
Consumer loans607,373 612,431 
Total gross loans20,059,442 19,515,513 
Premiums on purchased loans1,663 1,524 
Net deferred fees(15,353)(12,976)
Total loans$20,045,752 19,504,061 
(1) Commercial loans consist of owner-occupied real estate loans, commercial and industrial loans and mortgage warehouse lines.
Accrued interest on loans totaled $83.7 million and $82.2 million as of June 30, 2026 and December 31, 2025, respectively, and is presented within total accrued interest receivable on the consolidated statements of financial condition.
The following tables summarize the aging of loans held for investment by portfolio segment and class of loans (in thousands):
June 30, 2026
30-59 Days60-89 DaysNon-accrualRecorded
Investment
> 90 days
accruing		Total Past
Due 		CurrentTotal Loans
Receivable		Non-accrual loans with no related allowance
Mortgage loans:
Commercial$2,301 — 21,338 — 23,639 7,478,940 7,502,579 21,338 
Multi-family1,570 — 266 — 1,836 3,804,987 3,806,823 266 
Construction— — 2,854 — 2,854 636,079 638,933 2,854 
Residential6,393 5,929 7,834 — 20,156 1,918,548 1,938,704 7,834 
Total mortgage loans10,264 5,929 32,292 — 48,485 13,838,554 13,887,039 32,292 
Commercial loans1,474 828 103,383 — 105,685 5,459,345 5,565,030 94,903 
Consumer loans1,401 1,577 1,210 — 4,188 603,185 607,373 1,210 
Total gross loans$13,139 8,334 136,885 — 158,358 19,901,084 20,059,442 128,405 
December 31, 2025
30-59 Days60-89 DaysNon-accrualRecorded
Investment
> 90 days
accruing		Total Past
Due 		CurrentTotal Loans ReceivableNon-accrual loans with no related allowance
Mortgage loans:
Commercial$15,652 — 26,856 — 42,508 7,356,284 7,398,792 22,506 
Multi-family— 932 2,268 — 3,200 3,664,137 3,667,337 2,268 
Construction— — 5,159 — 5,159 656,953 662,112 5,159 
Residential8,344 4,177 9,062 — 21,583 1,952,741 1,974,324 9,062 
Total mortgage loans23,996 5,109 43,345 — 72,450 13,630,115 13,702,565 38,995 
Commercial loans1,303 633 33,219 — 35,155 5,165,362 5,200,517 26,655 
Consumer loans2,209 781 1,856 — 4,846 607,585 612,431 1,856 
Total gross loans$27,508 6,523 78,420 — 112,451 19,403,062 19,515,513 67,506 
Included in loans held for investment are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. The principal amounts of these non-accrual loans were $136.9 million and $78.4 million as of June 30, 2026 and December 31, 2025, respectively. Included in non-accrual loans were $33.5 million and $49.5 million of loans which were less than 90 days past due as of June 30, 2026 and December 31, 2025, respectively. There were no loans 90 days or greater past due and still accruing interest as of June 30, 2026 and December 31, 2025.
Included in non-performing loans are four commercial loans on senior housing properties totaling $81.8 million that are the subject of related bankruptcy filings. These loans have no prior charge-off history and require no specific reserve allocations due to strong collateral values, which are supported by appraisals received in 2026 and, more recently, initial bids submitted through the ongoing bankruptcy sale process.
The activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):
Three months ended June 30,Mortgage loansCommercial loansConsumer loansTotal
2026
Balance at beginning of period$126,934 45,038 5,025 176,997 
Provision charge (benefit) to operations2,528 6,861 186 9,575 
Recoveries of loans previously charged-off27 64 160 251 
Loans charged-off(486)(1,507)(174)(2,167)
Balance at end of period$129,003 50,456 5,197 184,656 
2025
Balance at beginning of period$140,683 45,901 5,186 191,770 
Provision charge (benefit) to operations(8,233)5,582 1 (2,650)
Recoveries of loans previously charged-off41 75 113 229 
Loans charged-off(1,044)(330)(104)(1,478)
Balance at end of period$131,447 51,228 5,196 187,871 
Six months ended June 30,Mortgage loansCommercial loansConsumer loansTotal
2026
Balance at beginning of period$128,601 51,127 5,039 184,767 
Provision (benefit) charge to operations1,277 3,389 259 4,925 
Recoveries of loans previously charged-off46 301 410 757 
Loans charged-off(921)(4,361)(511)(5,793)
Balance at end of period$129,003 50,456 5,197 184,656 
2025
Balance at beginning of period$144,587 43,642 5,203 193,432 
Provision charge to operations(12,054)9,758 (29)(2,325)
Initial allowance on credit loans related to PCD loans— — — — 
Recoveries of loans previously charged-off847 354 304 1,505 
Loans charged-off(1,933)(2,526)(282)(4,741)
Balance at end of period$131,447 51,228 5,196 187,871 
For the three and six months ended June 30, 2026, the Company recorded a $9.6 million and a $4.9 million provision for credit losses on loans, respectively. The provision for credit losses on loans for the three and six months ended June 30, 2026 was primarily attributable to overall growth in the loan portfolio, combined with an increase in specific reserves on individually evaluated loans. For the three and six months ended June 30, 2026, net charge-offs totaled $1.9 million and $5.0 million, respectively.
The following table summarizes the Company's gross charge-offs recorded during the three months ended June 30, 2026 by year of origination (in thousands):
20262025202420232022Prior to 2022Total Loans
Mortgage loans:
Multi-family— — — — — 486 486 
Total mortgage loans— — — — — 486 486 
Commercial loans— 1,507 — — — — 1,507 
Consumer loans (1)
2 — — 3 — 43 48 
Total gross loans$2 1,507 — 3 — 530 2,042 
(1) During the three months ended June 30, 2026, charge-offs on consumer overdraft accounts totaled $126,000, which are not included in the table above.
The following table summarizes the Company's gross charge-offs recorded during the six months ended June 30, 2026 by year of origination (in thousands):
20262025202420232022Prior to 2022Total Loans
Mortgage loans:
Commercial$— — — — — 234 234 
Multi-family— 201 — — — 486 687 
Total mortgage loans— 201 — — — 720 921 
Commercial loans— 2,830 — 167 1,336 28 4,361 
Consumer loans (1)
11 — — 15 — 151 178 
Total gross loans$11 3,031 — 182 1,336 900 5,459 
(1) During the six months ended June 30, 2026, charge-offs on consumer overdraft accounts totaled $333,000, which are not included in the table above.
The following table summarizes the Company's gross charge-offs recorded during the three months ended June 30, 2025 by year of origination (in thousands):
20252024202320222021Prior to 2021Total Loans
Mortgage loans:
Commercial$— — — — — 977 977 
Total mortgage loans— — — — — 1,044 1,044 
Commercial loans— — 39 231 60 — 330 
Consumer loans (1)
6 3 — — — 10 19 
Total gross loans$6 3 39 231 60 1,054 1,393 
(1) During the three months ended June 30, 2025, charge-offs on consumer overdraft accounts totaled $85,000, which are not included in the table above.
The following table summarizes the Company's gross charge-offs recorded during the six months ended June 30, 2025 by year of origination (in thousands):
20252024202320222021Prior to 2021Total Loans
Mortgage loans:
Commercial$— — — 358 — 1,508 1,866 
Total mortgage loans— — — 358 — 1,575 1,933 
Commercial loans— — 39 2,362 125 — 2,526 
Consumer loans (1)
18 13 12 3 — 37 83 
Total gross loans$18 13 51 2,723 126 1,611 4,542 
(1) During the six months ended June 30, 2025, charge-offs on consumer overdraft accounts totaled $199,000, which are not included in the table above.
The Company defines a loan individually evaluated for impairment as a non-homogeneous loan greater than $1.0 million, for which, based on current information, it is not expected to collect all amounts due under the contractual terms of the loan agreement. As of June 30, 2026, there were 53 loans totaling $122.7 million, compared to 28 loans totaling $63.3 million as of December 31, 2025, that were individually evaluated for impairment.
A financial asset is considered 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 deemed collateral-dependent, the Company estimates expected credit losses based on the collateral’s fair value less any selling costs. A specific allocation of the allowance for credit losses is established for each collateral-dependent loan with a carrying balance greater than the collateral’s fair value, less estimated selling costs. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less estimated selling costs. The Company uses third-party appraisals to determine the fair value of the underlying collateral in its analysis of collateral-dependent loans. A third-party appraisal is generally ordered as soon as a loan is designated as a collateral-dependent loan and updated annually, or more frequently if required. At each fiscal quarter end, if a loan is designated as collateral-dependent and the third-party appraisal has not yet been received, an evaluation of all available collateral is made using the best information available at the time, including rent rolls, borrower financial statements and tax returns, prior appraisals, management’s knowledge of the market and collateral, and internally prepared collateral valuations based upon market assumptions regarding vacancy and capitalization rates, each as and where applicable. Once the appraisal is received and reviewed, the specific reserves are adjusted to reflect the appraised value and evaluated for charge offs. The Company believes there have not been any significant time lapses since the receipt of the most recent appraisals.
For loans deemed collateral-dependent as defined above, the fair value is based on the underlying collateral. As of June 30, 2026 and December 31, 2025, the Company had collateral-dependent loans with fair values of $111.8 million and $54.5 million secured by commercial real estate, respectively.
Loan modifications to borrowers experiencing financial difficulty may include interest rate reductions, principal or interest forgiveness, forbearance, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. In addition, management attempts to obtain additional collateral or guarantor support when modifying such loans. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible.
The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02:
Loan ClassesModification types
CommercialTerm extension, interest rate reductions, payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or otherwise delay payments during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term.
Residential Mortgage/ Home EquityForbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term as well as term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement.
Direct InstallmentTerm extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement.
The following tables present the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the three and six months ended June 30, 2026 (in thousands):
For the three months ended June 30, 2026
Term ExtensionInterest Rate ChangeInterest Rate Change and Term ExtensionChange in Payment TypeTotal of loan modifications% of Total Class of Loans
Mortgage loans:
Commercial$10,652 —120 — 10,772 0.14 %
Multi-family— —— — — — %
Construction— —6,639 — 6,639 1.04 %
Total mortgage loans10,652 —6,759 — 17,410 0.13 %
Commercial loans5,233 —— — 5,233 0.09 %
Total gross loans$15,885 —6,759 — 22,644 0.11 %
For the six months ended June 30, 2026
Term ExtensionInterest Rate ChangeInterest Rate Change and Term ExtensionChange in Payment TypeTotal of loan modifications% of Total Class of Loans
Mortgage loans:
Commercial$10,652 3,291120 — 14,063 0.19 %
Multi-family— —— — — — %
Construction— —6,639 — 6,639 1.04 %
Total mortgage loans10,652 3,2916,759 — 20,701 0.15 %
Commercial loans7,627 —474 397 8,498 0.15 %
Total gross loans$18,279 3,2917,233 397 29,199 0.15 %
The following tables present the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 (in thousands):
For the three months ended June 30, 2025
Term ExtensionInterest Rate ReductionInterest Rate Reduction and Term Extension% of Total Class of Loans
Mortgage loans:
Commercial$— —10,9180.15 %
Total mortgage loans— —10,9180.08 %
Commercial loans158 ——0.003 %
Total gross loans$158 —10,9180.06 %

For the six months ended June 30, 2025
Term ExtensionInterest Rate ReductionInterest Rate Reduction and Term Extension% of Total Class of Loans
Mortgage loans:
Commercial$2,984 —11,945 0.20 %
Total mortgage loans2,984 —11,945 0.11 %
Commercial loans1,302 —603 0.04 %
Total gross loans$4,286 —12,548 0.09 %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2026 (in thousands):
Weighted Average Months of Term ExtensionWeighted Average Rate Change
Mortgage loans:
Commercial90.76 %
Multi-family0— %
Construction11.82 %
Total mortgage loans70.97 %
Commercial loans3— %
Total gross loans60.61 %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2026 (in thousands):
Weighted Average Months of Term ExtensionWeighted Average Rate Change
Mortgage loans:
Commercial50.40 %
Multi-family0— %
Construction11.82 %
Total mortgage loans40.60 %
Commercial loans10(0.14)%
Total gross loans90.19 %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2025 (in thousands):
Weighted Average Months of Term ExtensionWeighted Average Rate Change
Mortgage loans:
Commercial330.13 %
Total mortgage loans330.13 %
Commercial loans20— %
Total gross loans230.08 %
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2025 (in thousands):
Weighted Average Months of Term ExtensionWeighted Average Rate Change
Mortgage loans:
Commercial180.44 %
Total mortgage loans180.44 %
Commercial loans12(0.20)%
Total gross loans150.08 %
There were no loan modifications made to borrowers experiencing financial difficulty that subsequently defaulted during the three and six months ended June 30, 2026 and June 30, 2025, respectively.
The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty during the twelve months ended June 30, 2026 (in thousands):
Current30-59 Days Past Due60-89 Days Past Due90 days or more Past DueNon- AccrualTotal
Mortgage loans:
Commercial$11,737 — — — — 11,737 
Multi-family— — — — — — 
Construction6,639 — — — — 6,639 
Total mortgage loans18,375 — — — — 18,375 
Commercial loans27,231 — — — — 27,231 
Total gross loans$45,606 — — — — 45,606 
The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty during the twelve months ended June 30, 2025 (in thousands):
Current30-59 Days Past Due60-89 Days Past Due90 days or more Past DueNon- AccrualTotal
Mortgage loans:
Commercial$20,445 — — — — 20,445 
Multi-family736 — — — 85 821 
Total mortgage loans21,182 — — — 85 21,267 
Commercial loans2,058 — — — 158 2,216 
Total gross loans$23,240 — — — 243 23,483 
Loans acquired by the Company that experienced more-than-insignificant deterioration in credit quality after origination, are classified as Purchase Credit Deteriorated ("PCD") loans. As of June 30, 2026, the balance of PCD loans totaled $457.8 million with a related allowance for credit losses of $4.1 million. The balance of PCD loans as of December 31, 2025 was $509.7 million with a related allowance for credit losses of $4.6 million.
Management utilizes an internal nine-point risk rating system to summarize its loan portfolio into categories with similar risk characteristics. Loans deemed to be “acceptable quality” are rated 1 through 4, with a rating of 1 established for loans with minimal risk. Loans that are deemed to be of “questionable quality” are rated 5 (watch) or 6 (special mention). Loans with adverse classifications (substandard, doubtful or loss) are rated 7, 8 or 9, respectively. Commercial mortgage, commercial, multi-family and construction loans are rated individually, and each lending officer is responsible for risk rating loans in their portfolio. These risk ratings are then reviewed by the department manager and/or the Chief Lending Officer and by the Credit Department. The risk ratings are also reviewed periodically through loan review examinations which are currently performed by independent third-parties. Reports by the independent third-parties are presented to the Audit Committee of the Board of Directors.
The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades as of June 30, 2026 and December 31, 2025 (in thousands):
Gross Loans Held for Investment by Year of Origination
as of June 30, 2026
20262025202420232022Prior to 2022Revolving LoansRevolving loans to term loansTotal Loans
Commercial Mortgage
Special mention$— 7,014 — 16,464 32,744 102,981 — — 159,203 
Substandard 3,773 5,773 — 46 5,347 59,482 1,409 — 75,830 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified3,773 12,787 — 16,510 38,091 162,463 1,409 — 235,033 
Pass/Watch548,797 908,852 440,130 756,653 1,300,001 3,156,272 148,085 8,756 7,267,546 
Total Commercial Mortgage$552,570 921,639 440,130 773,163 1,338,092 3,318,735 149,494 8,756 7,502,579 
Multi-family
Special mention$— — — 18,382 — — — — 18,382 
Substandard— — — — — 3,071 — — 3,071 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified— — — 18,382 — 3,071 — — 21,453 
Pass/Watch311,320 728,336 318,142 515,846 572,387 1,324,526 13,325 1,488 3,785,370 
Total Multi-Family$311,320 728,336 318,142 534,228 572,387 1,327,597 13,325 1,488 3,806,823 
Construction
Special mention$22,135 — — — — 1,084 — — 23,219 
Substandard— — — — — 2,872 — — 2,872 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified22,135 — — — — 3,956 — — 26,091 
Pass/Watch41,269 216,745 209,100 54,049 77,945 13,734 — — 612,842 
Total Construction$63,404 216,745 209,100 54,049 77,945 17,690 — — 638,933 
Residential (1)
Gross Loans Held for Investment by Year of Origination
as of June 30, 2026
20262025202420232022Prior to 2022Revolving LoansRevolving loans to term loansTotal Loans
Special mention$— — 1,174 953 1,009 2,266 — — 5,402 
Substandard— — 162 2,877 680 3,578 — — 7,297 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified— — 1,336 3,830 1,689 5,844 — — 12,699 
Pass/Watch44,050 150,337 118,661 291,598 354,030 967,329 — — 1,926,005 
Total Residential$44,050 150,337 119,997 295,428 355,719 973,173 — — 1,938,704 
Total Mortgage
Special mention$22,135 7,014 1,174 35,799 33,753 106,331 — — 206,206 
Substandard3,773 5,773 162 2,923 6,027 69,003 1,409 — 89,070 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified25,908 12,787 1,336 38,722 39,780 175,334 1,409 — 295,276 
Pass/Watch945,436 2,004,270 1,086,033 1,618,146 2,304,363 5,461,861 161,410 10,244 13,591,763 
Total Mortgage$971,344 2,017,057 1,087,369 1,656,868 2,344,143 5,637,195 162,819 10,244 13,887,039 
Commercial
Special mention$3,014 7,597 9,049 8,918 24,305 30,353 25,579 — 108,815 
Substandard— 2,707 — 25,230 124,599 64,801 25,222 2,165 244,724 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified3,014 10,304 9,049 34,148 148,904 95,154 50,801 2,165 353,539 
Pass/Watch494,816 841,591 594,873 315,634 474,320 1,151,736 1,291,670 46,851 5,211,491 
Total Commercial$497,830 851,895 603,922 349,782 623,224 1,246,890 1,342,471 49,016 5,565,030 
Consumer (1)
Special mention$— 17 209 280 — — 1,386 142 2,034 
Substandard— — — 32 74 106 627 133 972 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified— 17 209 312 74 106 2,013 275 3,006 
Pass/Watch12,892 24,901 21,046 28,461 43,925 109,225 344,430 19,487 604,367 
Total Consumer$12,892 24,918 21,255 28,773 43,999 109,331 346,443 19,762 607,373 
Total Loans
Special mention$25,149 14,628 10,432 44,997 58,058 136,684 26,965 142 317,055 
Substandard3,773 8,480 162 28,185 130,700 133,910 27,258 2,298 334,766 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified28,922 23,108 10,594 73,182 188,758 270,594 54,223 2,440 651,821 
Pass/Watch1,453,144 2,870,762 1,701,952 1,962,241 2,822,608 6,722,822 1,797,510 76,582 19,407,621 
Gross Loans Held for Investment by Year of Origination
as of June 30, 2026
20262025202420232022Prior to 2022Revolving LoansRevolving loans to term loansTotal Loans
Total Gross Loans$1,482,066 2,893,870 1,712,546 2,035,423 3,011,366 6,993,416 1,851,733 79,022 20,059,442 
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.

Gross Loans Held for Investment by Year of Origination
as of December 31, 2025
20252024202320222021Prior to 2021Revolving LoansRevolving loans to term loansTotal Loans
Commercial Mortgage
Special mention$6,013 — 1,549 39,287 47,805 33,971 503 — 129,128 
Substandard9,869 — 57 471 15,875 60,111 748 — 87,131 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified15,882 — 1,606 39,758 63,680 94,082 1,251 — 216,259 
Pass/Watch901,891 336,732 851,026 1,409,458 888,049 2,630,266 156,215 8,896 7,182,533 
Total Commercial Mortgage$917,773 336,732 852,632 1,449,216 951,729 2,724,348 157,466 8,896 7,398,792 
Multi-family
Special mention$— — — 2,946 — — — — 2,946 
Substandard— — — — — 41,593 — — 41,593 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified— — — 2,946 — 41,593 — — 44,539 
Pass/Watch744,514 316,398 522,511 622,238 350,499 1,049,876 15,250 1,512 3,622,798 
Total Multi-Family$744,514 316,398 522,511 625,184 350,499 1,091,469 15,250 1,512 3,667,337 
Construction
Special mention$— — 14,497 6,639 — — — — 21,136 
Substandard— — — — 5,177 — — — 5,177 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified— — 14,497 6,639 5,177 — — — 26,313 
Pass/Watch150,350 206,323 162,757 101,335 15,034 — — — 635,799 
Total Construction$150,350 206,323 177,254 107,974 20,211 — — — 662,112 
Residential (1)
Special mention$— — 946 582 264 1,845 — — 3,637 
Substandard— 1,746 2,263 1,410 1,024 1,795 — — 8,238 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Gross Loans Held for Investment by Year of Origination
as of December 31, 2025
20252024202320222021Prior to 2021Revolving LoansRevolving loans to term loansTotal Loans
Total criticized and classified— 1,746 3,209 1,992 1,288 3,640 — — 11,875 
Pass/Watch145,286 124,273 303,120 365,323 287,067 737,380 — — 1,962,449 
Total Residential$145,286 126,019 306,329 367,315 288,355 741,020 — — 1,974,324 
Total Mortgage
Special mention$6,013 — 16,992 49,454 48,069 35,816 503 — 156,847 
Substandard9,869 1,746 2,320 1,881 22,076 103,499 748 — 142,139 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified15,882 1,746 19,312 51,335 70,145 139,315 1,251 — 298,986 
Pass/Watch1,942,041 983,726 1,839,414 2,498,354 1,540,649 4,417,522 171,465 10,408 13,403,579 
Total Mortgage$1,957,923 985,472 1,858,726 2,549,689 1,610,794 4,556,837 172,716 10,408 13,702,565 
Commercial
Special mention$1,005 423 17,930 63,499 26,067 34,829 20,217 1,916 165,886 
Substandard2,381 10,661 10,205 57,554 29,348 35,213 36,631 1,487 183,480 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified3,386 11,084 28,135 121,053 55,415 70,042 56,848 3,403 349,366 
Pass/Watch934,987 628,374 305,811 526,728 304,459 971,734 1,121,228 57,830 4,851,151 
Total Commercial$938,373 639,458 333,946 647,781 359,874 1,041,776 1,178,076 61,233 5,200,517 
Consumer (1)
Special mention$— — 20 — — 7 806 23 856 
Substandard— 125 81 219 — 310 828 46 1,609 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified— 125 101 219 — 317 1,634 69 2,465 
Pass/Watch31,702 26,282 32,156 45,444 31,271 87,759 338,858 16,494 609,966 
Total Consumer$31,702 26,407 32,257 45,663 31,271 88,076 340,492 16,563 612,431 
Total Loans
Special mention$7,018 423 34,942 112,953 74,136 70,652 21,526 1,939 323,589 
Substandard12,250 12,532 12,606 59,654 51,424 139,022 38,207 1,533 327,228 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total criticized and classified19,268 12,955 47,548 172,607 125,560 209,674 59,733 3,472 650,817 
Pass/Watch2,908,730 1,638,382 2,177,381 3,070,526 1,876,379 5,477,015 1,631,551 84,732 18,864,696 
Total Gross Loans $2,927,998 1,651,337 2,224,929 3,243,133 2,001,939 5,686,689 1,691,284 88,204 19,515,513 
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.