v3.26.3
Loans
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] Loans
The period end loan composition was as follows:
(in thousands)Sep 30, 2026Dec 31, 2025
Commercial and industrial$13,804,140 $11,799,757 
Commercial real estate — owner occupied1,601,925 1,186,324 
Commercial and business lending15,406,065 12,986,081 
Commercial real estate — investor6,494,991 5,246,030 
Real estate construction2,601,571 1,994,642 
Commercial real estate lending9,096,562 7,240,672 
Total commercial24,502,627 20,226,753 
Residential mortgage6,740,214 6,793,957 
Auto finance4,093,215 3,106,498 
Home equity848,507 713,271 
Other consumer335,308 323,135 
Total consumer12,017,244 10,936,861 
Total loans$36,519,871 $31,163,614 
Accrued interest receivable on loans totaled $138.3 million at September 30, 2026 and $117.6 million at December 31, 2025, and is included in interest receivable on the consolidated balance sheets. The amount of accrued interest reversed was $1.0 million for the three months ended September 30, 2026 and $1.8 million for the nine months ended September 30, 2026, compared to $0.5 million for the three months ended September 30, 2025 and $1.7 million for the nine months ended September 30, 2025.
The following table presents loans by credit quality indicator by origination year at September 30, 2026:
Term Loans Amortized Cost Basis by Origination Year(a)
(in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost BasisYTD 20262025202420232022PriorTotal
Commercial and industrial:
Risk rating:
Pass$28,242 $2,473,485 $3,350,434 $3,647,461 $1,528,337 $806,941 $756,529 $640,720 $13,203,907 
Special mention— 13,538 464 99,393 6,419 6,326 3,766 30,956 160,862 
Substandard660 113,070 39,695 31,657 18,810 12,993 130,780 27,406 374,411 
Nonaccrual19 662 481 89 23,408 4,209 268 35,843 64,960 
Commercial and industrial$28,921 $2,600,755 $3,391,074 $3,778,600 $1,576,974 $830,469 $891,343 $734,925 $13,804,140 
Commercial real estate - owner occupied:
Risk rating:
Pass$106 $180,904 $219,020 $240,585 $196,660 $134,447 $182,095 $348,796 $1,502,507 
Special mention— 1,232 — 147 — 85 — 10,170 11,634 
Substandard— 23,013 1,712 7,951 19,505 16,493 41 17,411 86,126 
Nonaccrual— — 355 — — — 614 689 1,658 
Commercial real estate - owner occupied$106 $205,149 $221,087 $248,683 $216,165 $151,025 $182,750 $377,066 $1,601,925 
Commercial and business lending:
Risk rating:
Pass$28,348 $2,654,389 $3,569,454 $3,888,046 $1,724,997 $941,388 $938,624 $989,516 $14,706,414 
Special mention— 14,770 464 99,540 6,419 6,411 3,766 41,126 172,496 
Substandard660 136,083 41,407 39,608 38,315 29,486 130,821 44,817 460,537 
Nonaccrual19 662 836 89 23,408 4,209 882 36,532 66,618 
Commercial and business lending$29,027 $2,805,904 $3,612,161 $4,027,283 $1,793,139 $981,494 $1,074,093 $1,111,991 $15,406,065 
Commercial real estate - investor:
Risk rating:
Pass$794 $713,770 $1,463,204 $1,536,465 $641,786 $342,346 $647,234 $763,920 $6,108,725 
Special mention— 628 130,641 281 3,055 17,399 57,943 28,026 237,973 
Substandard— 17,837 12,552 12,357 3,976 5,924 53,921 27,611 134,178 
Nonaccrual— 671 — 3,911 — — 7,831 1,702 14,115 
Commercial real estate - investor$794 $732,906 $1,606,397 $1,553,014 $648,817 $365,669 $766,929 $821,259 $6,494,991 
Real estate construction:
Risk rating:
Pass$— $233,335 $366,038 $590,769 $830,808 $152,908 $3,353 $6,026 $2,183,237 
Special mention— 2,406 19,880 — 35,091 — 30,185 — 87,562 
Substandard— 25,541 91,700 49,074 7,656 34,493 117,775 — 326,239 
Nonaccrual— 4,301 — — 171 38 — 23 4,533 
Real estate construction$— $265,583 $477,618 $639,843 $873,726 $187,439 $151,313 $6,049 $2,601,571 
Commercial real estate lending:
Risk rating:
Pass$794 $947,105 $1,829,242 $2,127,234 $1,472,594 $495,254 $650,587 $769,946 $8,291,962 
Special mention— 3,034 150,521 281 38,146 17,399 88,128 28,026 325,535 
Substandard— 43,378 104,252 61,431 11,632 40,417 171,696 27,611 460,417 
Nonaccrual— 4,972 — 3,911 171 38 7,831 1,725 18,648 
Commercial real estate lending$794 $998,489 $2,084,015 $2,192,857 $1,522,543 $553,108 $918,242 $827,308 $9,096,562 
Total commercial:
Risk rating:
Pass$29,142 $3,601,494 $5,398,696 $6,015,280 $3,197,591 $1,436,642 $1,589,211 $1,759,462 $22,998,376 
Special mention— 17,804 150,985 99,821 44,565 23,810 91,894 69,152 498,031 
Substandard660 179,461 145,659 101,039 49,947 69,903 302,517 72,428 920,954 
Nonaccrual19 5,634 836 4,000 23,579 4,247 8,713 38,257 85,266 
Total commercial$29,821 $3,804,393 $5,696,176 $6,220,140 $3,315,682 $1,534,602 $1,992,335 $1,939,299 $24,502,627 
Term Loans Amortized Cost Basis by Origination Year(a)
(in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost BasisYTD 20262025202420232022PriorTotal
Residential mortgage:
Risk rating:
Pass$— $— $247,572 $336,139 $255,517 $428,775 $1,416,314 $3,971,116 $6,655,433 
Special mention— — — — — 20 — 162 182 
Substandard— — 5,349 — 568 307 451 — 6,675 
Nonaccrual— — 137 2,457 5,193 7,382 14,183 48,572 77,924 
Residential mortgage$— $— $253,058 $338,596 $261,278 $436,484 $1,430,948 $4,019,850 $6,740,214 
Auto finance:
Risk rating:
Pass$— $— $1,213,885 $1,297,093 $784,020 $439,856 $297,260 $44,123 $4,076,237 
Special mention— — 382 984 1,009 851 760 121 4,107 
Nonaccrual— — 531 2,328 2,825 3,411 3,114 662 12,871 
Auto finance$— $— $1,214,798 $1,300,405 $787,854 $444,118 $301,134 $44,906 $4,093,215 
Home equity:
Risk rating:
Pass$17,899 $747,508 $1,440 $6,157 $3,807 $5,219 $20,052 $55,453 $839,636 
Special mention668 304 — 200 517 118 85 327 1,551 
Nonaccrual891 341 — 52 240 209 1,164 5,314 7,320 
Home equity$19,458 $748,153 $1,440 $6,409 $4,564 $5,546 $21,301 $61,094 $848,507 
Other consumer:
Risk rating:
Pass$207 $263,790 $12,600 $8,573 $3,455 $1,823 $756 $41,303 $332,300 
Special mention49 900 13 — 13 55 5 — 986 
Substandard— 1,967 — — — — — — 1,967 
Nonaccrual4 35 — — — 10 8 2 55 
Other consumer$260 $266,692 $12,613 $8,573 $3,468 $1,888 $769 $41,305 $335,308 
Total consumer:
Risk rating:
Pass$18,106 $1,011,298 $1,475,497 $1,647,962 $1,046,799 $875,673 $1,734,382 $4,111,995 $11,903,606 
Special mention717 1,204 395 1,184 1,539 1,044 850 610 6,826 
Substandard— 1,967 5,349 — 568 307 451 — 8,642 
Nonaccrual895 376 668 4,837 8,258 11,012 18,469 54,550 98,170 
Total consumer$19,718 $1,014,845 $1,481,909 $1,653,983 $1,057,164 $888,036 $1,754,152 $4,167,155 $12,017,244 
Total loans:
Risk rating:
Pass$47,248 $4,612,792 $6,874,193 $7,663,242 $4,244,390 $2,312,315 $3,323,593 $5,871,457 $34,901,982 
Special mention717 19,008 151,380 101,005 46,104 24,854 92,744 69,762 504,857 
Substandard660 181,428 151,008 101,039 50,515 70,210 302,968 72,428 929,596 
Nonaccrual914 6,010 1,504 8,837 31,837 15,259 27,182 92,807 183,436 
Total loans$49,539 $4,819,238 $7,178,085 $7,874,123 $4,372,846 $2,422,638 $3,746,487 $6,106,454 $36,519,871 
(a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination.
The following table presents loans by credit quality indicator by origination year at December 31, 2025:
Term Loans Amortized Cost Basis by Origination Year(a)
(in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost Basis20252024202320222021PriorTotal
Commercial and industrial:
Risk rating:
Pass$503 $1,920,351 $3,886,880 $2,097,760 $1,133,873 $1,238,941 $521,793 $471,834 $11,271,432 
Special mention— 11,139 3,024 311 13,774 5,849 24,971 293 59,361 
Substandard7,290 65,451 60,593 78,773 22,126 162,841 70,231 1,771 461,786 
Nonaccrual1,473 — 25 7,153 — — — — 7,178 
Commercial and industrial$9,266 $1,996,941 $3,950,522 $2,183,997 $1,169,773 $1,407,631 $616,995 $473,898 $11,799,757 
Commercial real estate - owner occupied:
Risk rating:
Pass$— $2,957 $241,141 $180,867 $141,254 $167,496 $157,837 $201,588 $1,093,140 
Special mention— — — 11,620 5,432 — — 1,242 18,294 
Substandard— 13,445 7,478 14,001 15,635 1,691 11,929 10,508 74,687 
Nonaccrual— — 203 — — — — — 203 
Commercial real estate - owner occupied$— $16,402 $248,822 $206,488 $162,321 $169,187 $169,766 $213,338 $1,186,324 
Commercial and business lending:
Risk rating:
Pass$503 $1,923,308 $4,128,021 $2,278,627 $1,275,127 $1,406,437 $679,630 $673,422 $12,364,572 
Special mention— 11,139 3,024 11,931 19,206 5,849 24,971 1,535 77,655 
Substandard7,290 78,896 68,071 92,774 37,761 164,532 82,160 12,279 536,473 
Nonaccrual1,473 — 228 7,153 — — — — 7,381 
Commercial and business lending$9,266 $2,013,343 $4,199,344 $2,390,485 $1,332,094 $1,576,818 $786,761 $687,236 $12,986,081 
Commercial real estate - investor:
Risk rating:
Pass$3,195 $185,825 $1,842,395 $776,187 $503,511 $711,947 $432,442 $503,468 $4,955,775 
Special mention— — 40,067 11,135 14,809 58,523 26,964 5,007 156,505 
Substandard— — 24,090 1,446 7,741 70,608 17,633 3,921 125,439 
Nonaccrual— — — 546 — 7,765 — — 8,311 
Commercial real estate - investor$3,195 $185,825 $1,906,552 $789,314 $526,061 $848,843 $477,039 $512,396 $5,246,030 
Real estate construction:
Risk rating:
Pass$— $33,847 $359,610 $720,429 $223,239 $175,056 $2,991 $5,768 $1,520,940 
Special mention— — 20,611 — — 51,262 — — 71,873 
Substandard— — 122,320 42,511 48,980 187,874 — — 401,685 
Nonaccrual— — — — — — — 144 144 
Real estate construction$— $33,847 $502,541 $762,940 $272,219 $414,192 $2,991 $5,912 $1,994,642 
Commercial real estate lending:
Risk rating:
Pass$3,195 $219,672 $2,202,005 $1,496,616 $726,750 $887,003 $435,433 $509,236 $6,476,715 
Special mention— — 60,678 11,135 14,809 109,785 26,964 5,007 228,378 
Substandard— — 146,410 43,957 56,721 258,482 17,633 3,921 527,124 
Nonaccrual— — — 546 — 7,765 — 144 8,455 
Commercial real estate lending$3,195 $219,672 $2,409,093 $1,552,254 $798,280 $1,263,035 $480,030 $518,308 $7,240,672 
Term Loans Amortized Cost Basis by Origination Year(a)
(in thousands)
Rev Loans Converted to Term(a)
Rev Loans Amortized Cost Basis20252024202320222021PriorTotal
Total commercial:
Risk rating:
Pass$3,698 $2,142,980 $6,330,026 $3,775,243 $2,001,877 $2,293,440 $1,115,063 $1,182,658 $18,841,287 
Special mention— 11,139 63,702 23,066 34,015 115,634 51,935 6,542 306,033 
Substandard7,290 78,896 214,481 136,731 94,482 423,014 99,793 16,200 1,063,597 
Nonaccrual1,473 — 228 7,699 — 7,765 — 144 15,836 
Total commercial$12,461 $2,233,015 $6,608,437 $3,942,739 $2,130,374 $2,839,853 $1,266,791 $1,205,544 $20,226,753 
Residential mortgage:
Risk rating:
Pass$— $— $253,364 $238,787 $480,076 $1,488,335 $1,499,223 $2,764,379 $6,724,164 
Substandard— — — 580 292 129 300 — 1,301 
Nonaccrual— — 2,425 3,102 5,101 13,141 8,985 35,738 68,492 
Residential mortgage$— $— $255,789 $242,469 $485,469 $1,501,605 $1,508,508 $2,800,117 $6,793,957 
Auto finance:
Risk rating:
Pass$— $— $1,287,267 $842,838 $551,549 $388,064 $26,402 $2 $3,096,122 
Special mention— — 295 325 814 621 50 — 2,105 
Nonaccrual— — 559 1,356 2,811 3,255 290 — 8,271 
Auto finance$— $— $1,288,121 $844,519 $555,174 $391,940 $26,742 $2 $3,106,498 
Home equity:
Risk rating:
Pass$15,259 $623,853 $855 $2,188 $2,728 $20,514 $4,733 $49,793 $704,664 
Special mention315 52 — 119 190 104 — 368 833 
Nonaccrual1,038 173 2 221 333 1,016 414 5,615 7,774 
Home equity$16,612 $624,078 $857 $2,528 $3,251 $21,634 $5,147 $55,776 $713,271 
Other consumer:
Risk rating:
Pass$529 $255,490 $13,159 $4,070 $1,990 $958 $264 $43,575 $319,506 
Special mention12 1,139 27 — 5 9 — 20 1,200 
Substandard— 2,374 — — — — — — 2,374 
Nonaccrual2 35 — 3 12 — 2 3 55 
Other consumer$543 $259,038 $13,186 $4,073 $2,007 $967 $266 $43,598 $323,135 
Total consumer:
Risk rating:
Pass$15,788 $879,343 $1,554,645 $1,087,883 $1,036,343 $1,897,871 $1,530,622 $2,857,749 $10,844,456 
Special mention327 1,191 322 444 1,009 734 50 388 4,138 
Substandard— 2,374 — 580 292 129 300 — 3,675 
Nonaccrual1,040 208 2,986 4,682 8,257 17,412 9,691 41,356 84,592 
Total consumer$17,155 $883,116 $1,557,953 $1,093,589 $1,045,901 $1,916,146 $1,540,663 $2,899,493 $10,936,861 
Total loans:
Risk rating:
Pass$19,486 $3,022,323 $7,884,671 $4,863,126 $3,038,220 $4,191,311 $2,645,685 $4,040,407 $29,685,743 
Special mention327 12,330 64,024 23,510 35,024 116,368 51,985 6,930 310,171 
Substandard7,290 81,270 214,481 137,311 94,774 423,143 100,093 16,200 1,067,272 
Nonaccrual2,513 208 3,214 12,381 8,257 25,177 9,691 41,500 100,428 
Total loans$29,616 $3,116,131 $8,166,390 $5,036,328 $3,176,275 $4,755,999 $2,807,454 $4,105,037 $31,163,614 
(a) Revolving loans converted to term loans are those converted during the reporting period and are also reported in their year of origination.
The following table presents gross charge offs by origination year for the nine months ended September 30, 2026:
Gross Charge Offs by Origination Year
(in thousands)Rev Loans Amortized Cost Basis20262025202420232022PriorTotal
Commercial and industrial$15,083 $135 $14,181 $407 $715 $425 $9,887 $40,833 
Commercial real estate-owner occupied— — — — — — — — 
Commercial and business lending15,083 135 14,181 407 715 425 9,887 40,833 
Commercial real estate-investor— — — — — — 2,710 2,710 
Real estate construction— — — — — — — — 
Commercial real estate lending— — — — — — 2,710 2,710 
Total commercial15,083 135 14,181 407 715 425 12,597 43,543 
Residential mortgage— 3 5 139 85 41 108 381 
Auto finance— 560 2,584 1,889 2,769 2,589 371 10,762 
Home equity1 — 60 — 2 13 328 404 
Other consumer5,822 11 154 47 47 18 38 6,137 
Total consumer5,823 574 2,803 2,075 2,903 2,661 845 17,684 
Total gross charge offs$20,906 $709 $16,984 $2,482 $3,618 $3,086 $13,442 $61,227 
The following table presents gross charge offs by origination year for the year ended December 31, 2025:
Gross Charge Offs by Origination Year
(in thousands)Rev Loans Amortized Cost Basis20252024202320222021PriorTotal
Commercial and industrial$5,424 $831 $627 $3,555 $3,799 $379 $— $14,615 
Commercial real estate-owner occupied— — — 113 — — — 113 
Commercial and business lending5,424 831 627 3,668 3,799 379 — 14,728 
Commercial real estate-investor— — 8,356 184 12,666 — — 21,206 
Real estate construction— — — — — — — — 
Commercial real estate lending— — 8,356 184 12,666 — — 21,206 
Total commercial5,424 831 8,983 3,852 16,465 379 — 35,934 
Residential mortgage— — 115 209 320 74 430 1,148 
Auto finance— 432 1,699 2,804 3,384 433 — 8,752 
Home equity— — — 26 5 5 380 416 
Other consumer8,194 18 85 63 63 224 56 8,703 
Total consumer8,194 450 1,899 3,102 3,772 736 866 19,019 
Total gross charge offs$13,618 $1,281 $10,882 $6,954 $20,237 $1,115 $866 $54,953 
Factors that are important to managing overall credit quality are sound loan underwriting and administration, systematic monitoring of existing loans and commitments, effective loan review on an ongoing basis, early identification of potential problems, and appropriate policies for ACLL, nonaccrual loans, and charge offs.
For commercial loans, management has determined the pass credit quality indicator to include credits exhibiting acceptable financial statements, cash flow, and leverage. If any risk exists, it is mitigated by the loan structure, collateral, monitoring, or control. For consumer loans, performing loans include credits performing in accordance with the original contractual terms.
Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Special mention credits have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credit or in the credit position at some future date. Accruing loan modifications could be pass or special mention, depending on the risk rating on the loan. Substandard loans are considered inadequately protected by the current sound worth and paying capacity of the obligor or the collateral pledged, if any. These loans have a well-defined weakness, or weaknesses, which may jeopardize liquidation of the debt, and are characterized by the distinct possibility the Corporation will sustain some loss if the deficiencies are not corrected. Commercial loan relationships over $0.5 million in nonaccrual status, or that otherwise do not share similar risk characteristics with other loans, including those for which a debt restructuring is probable, are evaluated individually for expected credit losses. Commercial loans classified as special mention, substandard, and nonaccrual are reviewed at a minimum on a quarterly basis, while pass credits, which are performing rated credits, are generally reviewed on an annual basis or more frequently if the loan renewal is less than one year or if otherwise warranted.
The recorded investment of consumer loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $16.6 million and $20.1 million at September 30, 2026 and December 31, 2025, respectively.
The following table presents loans by past due status at September 30, 2026:
Accruing
(in thousands)Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due
Nonaccrual(a)(b)
Total
Commercial and industrial$13,734,457 $1,052 $2,465 $1,206 $64,960 $13,804,140 
Commercial real estate - owner occupied1,600,128 — 139 — 1,658 1,601,925 
Commercial and business lending15,334,585 1,052 2,604 1,206 66,618 15,406,065 
Commercial real estate - investor6,473,416 815 655 5,990 14,115 6,494,991 
Real estate construction2,596,005 577 456 — 4,533 2,601,571 
Commercial real estate lending9,069,421 1,392 1,111 5,990 18,648 9,096,562 
Total commercial24,404,006 2,444 3,715 7,196 85,266 24,502,627 
Residential mortgage6,642,025 19,863 182 220 77,924 6,740,214 
Auto finance4,034,162 42,075 4,107 — 12,871 4,093,215 
Home equity836,179 3,457 1,551 — 7,320 848,507 
Other consumer(c)
330,858 1,378 1,004 2,013 55 335,308 
Total consumer11,843,224 66,773 6,844 2,233 98,170 12,017,244 
Total loans$36,247,230 $69,217 $10,559 $9,429 $183,436 $36,519,871 
(a) Of the total nonaccrual loans, $84.4 million, or 46%, were current with respect to payment at September 30, 2026.
(b) No interest income was recognized on nonaccrual loans for the three and nine months ended September 30, 2026. In addition, there were $19.3 million of nonaccrual loans for which there was no related ACLL at September 30, 2026.
(c) Past due portions exclude guaranteed student loans.
The following table presents loans by past due status at December 31, 2025:
Accruing
(in thousands)Current30-59 Days
Past Due		60-89 Days
Past Due		90+ Days 
Past Due
Nonaccrual(a)(b)
Total
Commercial and industrial$11,789,526 $2,153 $530 $370 $7,178 $11,799,757 
Commercial real estate - owner occupied1,186,087 — 34 — 203 1,186,324 
Commercial and business lending12,975,613 2,153 564 370 7,381 12,986,081 
Commercial real estate - investor5,218,314 14,148 5,257 — 8,311 5,246,030 
Real estate construction1,994,381 117 — — 144 1,994,642 
Commercial real estate lending7,212,695 14,265 5,257 — 8,455 7,240,672 
Total commercial20,188,308 16,418 5,821 370 15,836 20,226,753 
Residential mortgage6,712,330 13,135 — — 68,492 6,793,957 
Auto finance3,081,782 14,340 2,105 — 8,271 3,106,498 
Home equity701,719 2,945 833 — 7,774 713,271 
Other consumer(c)
317,932 1,473 1,231 2,444 55 323,135 
Total consumer10,813,763 31,893 4,169 2,444 84,592 10,936,861 
Total loans$31,002,071 $48,311 $9,990 $2,814 $100,428 $31,163,614 
(a) Of the total nonaccrual loans, $31.2 million, or 31%, were current with respect to payment at December 31, 2025.
(b) No interest income was recognized on nonaccrual loans for the year ended December 31, 2025. In addition, there were $14.6 million of nonaccrual loans for which there was no related ACLL at December 31, 2025
(c) Past due portions exclude guaranteed student loans.

Loan Modifications
The following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at September 30, 2026 and September 30, 2025.
Interest Rate Concession
Amortized Cost
Three Months Ended Sep 30,Nine Months Ended Sep 30,
(in thousands)2026202520262025
Commercial and industrial$110 $210 $257 $417 
Residential mortgage41 139 41 139 
Other consumer675 750 1,665 1,891 
Total loans modified$826 $1,098 $1,963 $2,448 
Term Extension
Amortized Cost
Three Months Ended Sep 30,Nine Months Ended Sep 30,
(in thousands)2026202520262025
Residential mortgage$411 $194 $1,466 $498 
Combination - Interest Rate Concession and Term Extension
Amortized Cost
Three Months Ended Sep 30,Nine Months Ended Sep 30,
(in thousands)2026202520262025
Residential mortgage$1,992 $1,815 $5,446 $3,903 
Home equity— 75 86 168 
Total loans modified$1,992 $1,889 $5,532 $4,071 
The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans.
Interest Rate Concession
Financial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase(a)
Three Months Ended Sep 30,Nine Months Ended Sep 30,
Loan Type2026202520262025
Commercial and industrial(22)%(23)%(22)%(24)%
Residential mortgage1 %1 %1 %1 %
Home equity— %(3)%(2)%(2)%
Other consumer(21)%(22)%(21)%(21)%
Weighted average of total loans modified(5)%(6)%(5)%(7)%
(a) Some interest rate concessions may involve an increase in rate that was lower in comparison to prevailing market rates.
Term Extension
Financial Effect, Weighted Average Term Increase(a)
Three Months Ended Sep 30,Nine Months Ended Sep 30,
Loan Type2026202520262025
Residential mortgage148 months122 months121 months138 months
Home equity0 months60 months131 months60 months
Weighted average of total loans modified148 months120 months121 months135 months
(a) During the three months ended September 30, 2026 and September 30, 2025, term extensions changed the weighted average term on modified loans from 299 to 447 months and 294 to 414 months, respectively. During the nine months ended September 30, 2026 and September 30, 2025, term extensions changed the weighted average term on modified loans from 303 to 424 months and 281 to 416 months, respectively.
The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the twelve months ended September 30, 2026:
Payment Status (Amortized Cost Basis)
(in thousands)Current30-89 Days Past Due90+ Days Past Due
Commercial and industrial$301 $— $— 
Residential mortgage6,085 1,965 867 
Home equity49 147 — 
Other consumer2,001 — — 
Total loans modified$8,436 $2,112 $867 
The following table depicts the performance of loans that have been modified in the twelve months ended September 30, 2025:
Payment Status (Amortized Cost Basis)
(in thousands)Current30-89 Days Past Due90+ Days Past Due
Commercial and industrial$458 $— $— 
Residential mortgage4,424 880 433 
Home equity221 — — 
Other consumer2,220 — — 
Total loans modified$7,324 $880 $433 
The following table provides the amortized cost of loan modifications by loan portfolio and type of concession for loans that were modified in the previous twelve months and subsequently had a payment default during the nine months ended September 30, 2026:
Amortized Cost of Loan Modifications that Subsequently Defaulted
(in thousands)Interest Rate ConcessionTerm ExtensionCombination Interest Rate Reduction and Term Extension
Residential mortgage$41 $— $341 
The following table provides the amortized cost of loan modifications by loan portfolio and type of concession for loans that were modified in the previous twelve months and subsequently had a payment default during the nine months ended September 30, 2025:
Amortized Cost of Loan Modifications that Subsequently Defaulted
(in thousands)Interest Rate ConcessionTerm ExtensionCombination Interest Rate Reduction and Term Extension
Home equity$— $— $48 
The nature and extent of the impairment of modified loans, including those which have experienced a subsequent payment default, are considered in the determination of an appropriate level of the ACLL.
Allowance for Credit Losses on Loans
The ACLL is comprised of the allowance for loan losses and the allowance for unfunded commitments. The level of the ACLL represents management’s estimate of an amount appropriate to provide for expected lifetime credit losses in the loan portfolio at the balance sheet date. The expected lifetime credit losses are the product of multiplying the Corporation's estimates of probability of default, loss given default, and the individual loan level exposure at default on an undiscounted basis. A main factor in the determination of the ACLL is the economic forecast. The forecast the Corporation used for September 30, 2026 was the Moody's baseline scenario from August 2026, which was reviewed against the September 2026 baseline scenario with no material updates made, over a two-year reasonable and supportable period with straight-line reversion to the historical losses over the second year of the period. The allowance for unfunded commitments is maintained at a level believed by management to be sufficient to absorb expected lifetime losses related to unfunded credit facilities (including unfunded loan commitments and letters of credit). See Note 12 for additional information on the change in the allowance for unfunded commitments.
The following table presents a summary of the changes in the ACLL by portfolio segment for the nine months ended September 30, 2026:
(in thousands)Dec 31, 2025Provision for loan losses recorded at acquisitionAllowance for PCD loans acquiredAllowance for PSL acquiredCharge offsRecoveriesNet
(Charge offs) Recoveries		Provision for Credit LossesSep 30, 2026ACLL / Loans
Allowance for loan losses
Commercial and industrial$168,636 $294 $19,514 $5,086 $(40,833)$7,879 $(32,954)$43,073 $203,649 
Commercial real estate — owner occupied11,327 — 2,516 1,198 — — — (967)14,074 
Commercial and business lending179,963 294 22,030 6,284 (40,833)7,879 (32,954)42,106 217,723 
Commercial real estate — investor58,243 — 11,640 7,590 (2,710)500 (2,210)(16,650)58,613 
Real estate construction46,595 — 3,459 3,298 — 7 7 5,135 58,494 
Commercial real estate lending104,838 — 15,099 10,888 (2,710)507 (2,203)(11,515)117,107 
Total commercial284,801 294 37,129 17,172 (43,543)8,386 (35,157)30,591 334,830 
Residential mortgage33,644 — 790 1,028 (381)241 (140)(1,140)34,182 
Auto finance27,470 — 1,346 7,241 (10,762)3,783 (6,979)9,082 38,160 
Home equity16,343 — 174 2,058 (404)1,002 598 (710)18,463 
Other consumer15,810 103 73 764 (6,137)1,699 (4,438)3,177 15,489 
Total consumer93,267 103 2,383 11,091 (17,684)6,725 (10,959)10,409 106,294 
Total loans$378,068 $397 $39,512 $28,263 $(61,227)$15,111 $(46,116)$41,000 $441,124 
Allowance for unfunded commitments
Commercial and industrial$18,698 $— $1,300 $689 $— $— $— $(1,966)$18,721 
Commercial real estate — owner occupied132 — 18 21 — — — (25)146 
Commercial and business lending18,830 — 1,318 710 — — — (1,991)18,867 
Commercial real estate — investor499 — 102 28 — — — 28 657 
Real estate construction17,947 — 2,169 901 — — — 5,563 26,580 
Commercial real estate lending18,446 — 2,271 929 — — — 5,591 27,237 
Total commercial37,276 — 3,589 1,639 — — — 3,600 46,104 
Home equity2,406 — 8 207 — — — (43)2,578 
Other consumer1,594 — — 25 — — — (557)1,062 
Total consumer4,000 — 8 232 — — — (600)3,640 
Total loans$41,276 $— $3,597 $1,871 $— $— $— $3,000 $49,744 
Allowance for credit losses on loans
Commercial and industrial$187,334 $294 $20,814 $5,775 $(40,833)$7,879 $(32,954)$41,107 $222,370 1.61 %
Commercial real estate — owner occupied11,459 — 2,534 1,219 — — — (992)14,220 0.89 %
Commercial and business lending198,793 294 23,348 6,994 (40,833)7,879 (32,954)40,115 236,590 1.54 %
Commercial real estate — investor58,742 — 11,742 7,618 (2,710)500 (2,210)(16,622)59,270 0.91 %
Real estate construction64,542 — 5,628 4,199 — 7 7 10,698 85,074 3.27 %
Commercial real estate lending123,284 — 17,370 11,817 (2,710)507 (2,203)(5,924)144,344 1.59 %
Total commercial322,077 294 40,718 18,811 (43,543)8,386 (35,157)34,191 380,934 1.55 %
Residential mortgage33,644 — 790 1,028 (381)241 (140)(1,140)34,182 0.51 %
Auto finance27,470 — 1,346 7,241 (10,762)3,783 (6,979)9,082 38,160 0.93 %
Home equity18,749 — 182 2,265 (404)1,002 598 (753)21,041 2.48 %
Other consumer17,404 103 73 789 (6,137)1,699 (4,438)2,620 16,551 4.94 %
Total consumer97,267 103 2,391 11,323 (17,684)6,725 (10,959)9,809 109,934 0.91 %
Total loans$419,344 $397 $43,109 $30,134 $(61,227)$15,111 $(46,116)$44,000 $490,868 1.34 %
The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2025:
(in thousands)Dec 31, 2024Charge offsRecoveriesNet
(Charge offs) Recoveries		Provision for Credit LossesDec 31, 2025ACLL / Loans
Allowance for loan losses
Commercial and industrial$136,596 $(14,615)$8,357 $(6,258)$38,298 $168,636 
Commercial real estate — owner occupied9,417 (113)— (113)2,023 11,327 
Commercial and business lending146,013 (14,728)8,357 (6,371)40,321 179,963 
Commercial real estate — investor71,547 (21,206)2,985 (18,221)4,917 58,243 
Real estate construction51,499 — 154 154 (5,058)46,595 
Commercial real estate lending123,046 (21,206)3,139 (18,067)(141)104,838 
Total commercial269,060 (35,934)11,496 (24,438)40,180 284,801 
Residential mortgage32,576 (1,148)615 (533)1,601 33,644 
Auto finance28,467 (8,752)3,029 (5,723)4,726 27,470 
Home equity16,620 (416)999 583 (860)16,343 
Other consumer16,823 (8,703)1,837 (6,866)5,853 15,810 
Total consumer94,486 (19,019)6,480 (12,539)11,320 93,267 
Total loans$363,545 $(54,953)$17,976 $(36,977)$51,500 $378,068 
Allowance for unfunded commitments
Commercial and industrial$14,456 $— $— $— $4,242 $18,698 
Commercial real estate — owner occupied151 — — — (19)132 
Commercial and business lending14,607 — — — 4,223 18,830 
Commercial real estate — investor578 — — — (79)499 
Real estate construction19,591 — — — (1,644)17,947 
Commercial real estate lending20,169 — — — (1,723)18,446 
Total commercial34,776 — — — 2,500 37,276 
Home equity2,465 — — — (59)2,406 
Other consumer1,535 — — — 59 1,594 
Total consumer4,000 — — — — 4,000 
Total loans$38,776 $— $— $— $2,500 $41,276 
Allowance for credit losses on loans
Commercial and industrial$151,052 $(14,615)$8,357 $(6,258)$42,540 $187,334 1.59 %
Commercial real estate — owner occupied9,568 (113)— (113)2,004 11,459 0.97 %
Commercial and business lending160,620 (14,728)8,357 (6,371)44,544 198,793 1.53 %
Commercial real estate — investor72,125 (21,206)2,985 (18,221)4,838 58,742 1.12 %
Real estate construction71,090 — 154 154 (6,702)64,542 3.24 %
Commercial real estate lending143,215 (21,206)3,139 (18,067)(1,864)123,284 1.70 %
Total commercial303,835 (35,934)11,496 (24,438)42,680 322,077 1.59 %
Residential mortgage32,576 (1,148)615 (533)1,601 33,644 0.50 %
Auto finance28,467 (8,752)3,029 (5,723)4,726 27,470 0.88 %
Home equity19,085 (416)999 583 (919)18,749 2.63 %
Other consumer18,358 (8,703)1,837 (6,866)5,912 17,404 5.39 %
Total consumer98,486 (19,019)6,480 (12,539)11,320 97,267 0.89 %
Total loans$402,322 $(54,953)$17,976 $(36,977)$54,000 $419,344 1.35 %