v3.26.3
Loans Receivable
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Loans Receivable Loans Receivable
The following tables excludes loans held for sale. The following table shows a summary of our loans receivable at amortized cost basis at September 30, 2026 and December 31, 2025 (in thousands): 

September 30, 2026December 31, 2025
Personal Banking:
Residential mortgage loans$2,984,204 3,100,780 
Home equity loans1,496,559 1,507,532 
Vehicle loans2,779,278 2,426,636 
Consumer loans138,805 137,254 
Total Personal Banking7,398,846 7,172,202 
Commercial Banking:
Commercial real estate loans2,559,351 2,915,696 
Commercial real estate loans - owner occupied372,250 381,206 
Commercial and industrial loans3,062,849 2,538,212 
Total Commercial Banking5,994,450 5,835,114 
Total loans receivable, gross13,393,296 13,007,316 
Allowance for credit losses(149,626)(150,212)
Total loans receivable, net (1)$13,243,670 12,857,104 
(1) Includes $25 million and $8 million of net unearned income costs at September 30, 2026 and December 31, 2025, respectively.
The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the quarter ended September 30, 2026 (in thousands):

Balance as of September 30, 2026Current period provisionCharge-offsRecoveriesBalance as of June 30, 2026
Allowance for Credit Losses
Personal Banking:
Residential mortgage loans$10,309 521 (617)231 10,174 
Home equity loans6,488 378 (199)98 6,211 
Vehicle loans25,009 1,743 (2,108)630 24,744 
Consumer loans4,144 837 (1,435)448 4,294 
Total Personal Banking45,950 3,479 (4,359)1,407 45,423 
Commercial Banking:
Commercial real estate loans47,640 (5,991)(1,393)933 54,091 
Commercial real estate loans - owner occupied4,790 70 (301)5 5,016 
Commercial and industrial loans51,246 7,662 (1,565)358 44,791 
Total Commercial Banking103,676 1,741 (3,259)1,296 103,898 
Total$149,626 5,220 (7,618)2,703 149,321 
Allowance for Credit Losses - off-balance sheet exposure
Personal Banking:
Residential mortgage loans$1 — — — 1 
Home equity loans80 — — — 80 
Total Personal Banking81 — — — 81 
Commercial Banking:
Commercial real estate loans3,335 1,143 — — 2,192 
Commercial real estate loans - owner occupied 364 (104)— — 468 
Commercial and industrial loans14,572 2,857 — — 11,715 
Total Commercial Banking18,271 3,896 — — 14,375 
Total off-balance sheet exposure$18,352 3,896 — — 14,456 
The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the quarter ended September 30, 2025 (in thousands):

Balance as of September 30, 2025
Current period provision (1)
Charge-offs (2)
RecoveriesInitial ACL on loans purchased with credit deteriorationBalance as of June 30, 2025
Allowance for Credit Losses
Personal Banking:
Residential mortgage loans$11,592 (909)(137)278 271 12,089 
Home equity loans7,375 2,189 (336)315 991 4,216 
Vehicle loans26,498 6,021 (2,115)473 885 21,234 
Consumer loans2,703 1,921 (1,879)394 1 2,266 
Total Personal Banking48,168 9,222 (4,467)1,460 2,148 39,805 
Commercial Banking:
Commercial real estate loans69,515 16,036 (3,976)343 3,488 53,624 
Commercial real estate loans - owner occupied5,022 1,226 (336)2 — 4,130 
Commercial and industrial loans34,691 4,910 (2,395)183 393 31,600 
Total Commercial Banking109,228 22,172 (6,707)528 3,881 89,354 
Total$157,396 31,394 (11,174)1,988 6,029 129,159 
Allowance for Credit Losses - off-balance sheet exposure
Personal Banking:
Home equity loans$102 37 — — — 65 
Total Personal Banking102 37 — — — 65 
Commercial Banking:
Commercial real estate loans2,288 391 — — — 1,897 
Commercial real estate loans - owner occupied325 65 — — — 260 
Commercial and industrial loans7,988 (682)— — — 8,670 
Total Commercial Banking10,601 (226)— — — 10,827 
Total off-balance sheet exposure$10,703 (189)— — — 10,892 
(1) Includes initial day 1 allowance on non-PCD loans acquired from Penns Woods of $20.6 million
(2) Net charge-offs and associated metrics for the quarter ended September 30, 2025 exclude $18.1 million of charge-offs recognized immediately upon completion of the Penns Woods acquisition and related to required purchase accounting treatment
The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the nine months ended September 30, 2026 (in thousands):
Balance
September 30, 2026		Current period provisionCharge-offs RecoveriesBalance
December 31, 2025
Allowance for Credit Losses
Personal Banking:
Residential mortgage loans$10,309 1,307 (2,083)539 10,546 
Home equity loans6,488 747 (873)465 6,149 
Vehicle loans25,009 4,779 (7,464)1,749 25,945 
Consumer loans4,144 2,805 (4,731)1,253 4,817 
Total Personal Banking45,950 9,638 (15,151)4,006 47,457 
Commercial Banking:
Commercial real estate loans47,640 (9,789)(2,536)1,731 58,234 
Commercial real estate loans - owner occupied4,790 402 (301)10 4,679 
Commercial and industrial loans51,246 14,203 (3,665)866 39,842 
Total Commercial Banking103,676 4,816 (6,502)2,607 102,755 
Total$149,626 14,454 (21,653)6,613 150,212 
Allowance for Credit Losses - off-balance sheet exposure
Personal Banking:
Residential mortgage loans$1 1 — 
Home equity loans80 (11)91 
Total Personal Banking81(10)— — 91 
Commercial Banking:
Commercial real estate loans3,335 1,409 1,926 
Commercial real estate loans - owner occupied364 199 165 
Commercial and industrial loans14,572 4,070 10,502 
Total Commercial Banking18,271 5,678 — — 12,593 
Total off-balance sheet exposure$18,352 5,668 — — 12,684 





    
The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the nine months ended September 30, 2025 (in thousands):
Balance as of September 30, 2025
Current period provision (1)
Charge-offs (2)
Recoveries Initial ACL on loans purchased with credit deteriorationBalance as of December 31, 2024
Allowance for Credit Losses
Personal Banking:
Residential mortgage loans$11,592 (2,581)(998)553 271 14,347 
Home equity loans7,375 1,811 (1,022)750 991 4,845 
Vehicle loans26,498 8,284 (6,566)1,506 885 22,389 
Consumer loans2,703 4,210 (4,564)1,173 1 1,883 
Total Personal Banking48,168 11,724 (13,150)3,982 2,148 43,464 
Commercial Banking:
Commercial real estate loans69,515 23,317 (4,385)2,767 3,488 44,328 
Commercial real estate loans - owner occupied5,022 1,394 (336)82 — 3,882 
Commercial and industrial loans34,691 14,671 (6,563)1,045 393 25,145 
Total Commercial Banking109,228 39,382 (11,284)3,894 3,881 73,355 
Total$157,396 51,106 (24,434)7,876 6,029 116,819 
Allowance for Credit Losses - off-balance sheet exposure
Personal Banking:
Home equity loans102 40 — 62 
Total Personal Banking102 40 — — — 62 
Commercial Banking:
Commercial real estate loans2,288 (1,866)— — — 4,154 
Commercial real estate loans - owner occupied325 165 — — — 160 
Commercial and industrial loans7,988 (1,585)— — — 9,573 
Total Commercial Banking10,601 (3,286)— — — 13,887 
Total off-balance sheet exposure$10,703 (3,246)— — — 13,949 
(1) Includes initial day 1 allowance on non-PCD loans acquired from Penns Woods of $20.6 million
(2) Net charge-offs and associated metrics for the period ended September 30, 2025 exclude $18.1 million of charge-offs recognized immediately upon completion of the Penns Woods acquisition and related to required purchase accounting treatment
The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable at September 30, 2026 (in thousands):

Total loans
receivable		Allowance for
credit losses		Nonaccrual
loans		Loans 90 days past due and accruing
Personal Banking:
Residential mortgage loans$2,984,204 10,309 12,508 — 
Home equity loans1,496,559 6,488 6,245 — 
Vehicle loans2,779,278 25,009 4,913 — 
Consumer loans138,805 4,144 167 482 
Total Personal Banking7,398,846 45,950 23,833 482 
Commercial Banking:
Commercial real estate loans2,559,351 47,640 39,537 — 
Commercial real estate loans - owner occupied372,250 4,790 811 — 
Commercial and industrial loans3,062,849 51,246 34,506 2 
Total Commercial Banking5,994,450 103,676 74,854 2 
Total$13,393,296 149,626 98,687 484 

The following table provides information related to the loan portfolio by portfolio segment and by class of financing receivable at December 31, 2025 (in thousands): 

Total loans
receivable		Allowance for
credit losses		Nonaccrual
loans		Loans 90 days past due and accruing
Personal Banking:
Residential mortgage loans$3,100,780 10,546 12,247 — 
Home equity loans1,507,532 6,149 3,755 — 
Vehicle loans2,426,636 25,945 5,493 — 
Consumer loans137,254 4,817 218 602 
Total Personal Banking7,172,202 47,457 21,713 602 
Commercial Banking:
Commercial real estate loans2,915,696 58,234 56,223 — 
Commercial real estate loans - owner occupied381,206 4,679 1,262 — 
Commercial and industrial loans2,538,212 39,842 28,085 44 
Total Commercial Banking5,835,114 102,755 85,570 44 
Total$13,007,316 150,212 107,283 646 
We present the amortized cost of our loans on nonaccrual status including such loans with no allowance. The following table presents the amortized cost of our loans on nonaccrual status as of the beginning and end of the period ended September 30, 2026 (in thousands): 
September 30, 2026
Nonaccrual loans at January 1, 2026Nonaccrual loans with an allowanceNonaccrual loans with no allowanceTotal nonaccrual loans at the end of the period
Personal Banking:
Residential mortgage loans$12,247 8,096 4,412 12,508 
Home equity loans3,755 5,041 1,204 6,245 
Vehicle loans5,493 3,962 951 4,913 
Consumer loans218 — 167 167 
Total Personal Banking21,713 17,099 6,734 23,833 
Commercial Banking:
Commercial real estate loans56,223 26,057 13,480 39,537 
Commercial real estate loans - owner occupied1,262 206 605 811 
Commercial and industrial loans28,085 29,585 4,921 34,506 
Total Commercial Banking85,570 55,848 19,006 74,854 
Total$107,283 72,947 25,740 98,687 
 
During the three and nine months ended September 30, 2026, we did not recognize any interest income on nonaccrual loans.

The following table presents the amortized cost of our loans on nonaccrual status as of the beginning and end of the year ended December 31, 2025 (in thousands): 
December 31, 2025
Nonaccrual loans at January 1, 2025Nonaccrual loans with an allowanceNonaccrual loans with no allowanceTotal nonaccrual loans at the end of the period
Personal Banking:
Residential mortgage loans$6,951 9,158 3,089 12,247 
Home equity loans3,332 3,017 738 3,755 
Vehicle loans4,829 4,563 930 5,493 
Consumer loans199 218 — 218 
Total Personal Banking15,311 16,956 4,757 21,713 
Commercial Banking:
Commercial real estate loans36,183 24,186 32,037 56,223 
Commercial real estate loans - owner occupied 784 275 987 1,262 
Commercial and industrial loans9,123 22,114 5,971 28,085 
Total Commercial Banking46,090 46,575 38,995 85,570 
Total$61,401 63,531 43,752 107,283 
 
During the year ended December 31, 2025, we did not recognize any interest income on nonaccrual loans.
A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of September 30, 2026 (in thousands):

Real estateEquipmentOtherTotal
Commercial Banking:
Commercial real estate loans$22,223 — — 22,223
Commercial and industrial loans3,1289,399 11,421 23,948
Total Commercial Banking25,3519,39911,42146,171
Total$25,351 9,39911,42146,171
 
The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2025 (in thousands):
Real estateEquipmentOtherTotal
Commercial Banking:
Commercial real estate loans$40,086 50 — 40,136 
Commercial and industrial loans5,821 9,425 2,352 17,598 
Total Commercial Banking45,907 9,475 2,352 57,734 
Total$45,907 9,475 2,352 57,734 
 
Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extensions, an other-than-insignificant payment delay, or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses.

In some cases, the Company provides multiple types of concessions to one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For loans included in the "combination" columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay, and/or an interest rate reduction.

The following table presents the amortized cost basis of loans for the periods indicated that were both experiencing financial difficulty and modified during the respective period, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financial receivable is also presented below (dollars in thousands).

For the quarter ended September 30,
20262025
Term extensionInterest rate reductionCombination term extension and interest rate reductionTotal class of financing receivablePayment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivable
Personal Banking:
Residential mortgage loans$239 — — 0.01 %$— 606 — 0.02 %
Home equity loans37 — — 0.00 %— 164 — 0.01 %
Total Personal Banking276 — — 0.00 %— 770 — 0.01 %
Commercial Banking:
Commercial real estate loans8,359 16,224 5,204 1.16 %8,476 76,062 — 2.73 %
Commercial and industrial loans519 — 13,782 0.47 %63 148 136 0.02 %
Total Commercial Banking8,878 16,224 18,986 0.74 %8,539 76,210 136 1.46 %
Total$9,154 16,224 18,986 0.33 %$8,539 76,980 136 0.66 %
For the nine months ended September 30,
20262025
Payment delayTerm extensionInterest rate reductionCombination term extension and interest rate reductionTotal class of financing receivablePayment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivable
Personal Banking:
Residential mortgage loans
$— 372 — 658 0.03 %$— 909 — 0.03 %
Home equity loans— 64 — — — %— 241 — 0.02 %
Total Personal Banking— 436 — 658 0.01 %— 1,150 — 0.02 %
Commercial Banking:
Commercial real estate loans269 36,593 16,224 5,204 2.28 %8,544 81,905 87 2.93 %
Commercial real estate loans - owner occupied— — — 2,895 0.78 %— 3,492 — 0.87 %
Commercial and industrial loans33 1,088 — 13,782 0.49 %1,848 155 136 0.09 %
Total Commercial Banking302 37,681 16,224 21,881 1.27 %10,392 85,552 223 1.66 %
Total$302 38,117 16,224 22,539 0.58 %$10,392 86,702 223 0.75 %


The following tables present the effect of the loan modifications presented above to borrowers experiencing financial difficulty for the periods indicated:
For the quarter ended September 30,
20262025
Weighted-average interest rate reductionWeighted-average term extension in monthsWeighted-average interest rate reductionWeighted-average term extension in monthsWeighted-average payment deferral in years
Personal Banking:
Residential mortgage loans— %160— %1610
Home equity loans— %222— %670
Total Personal Banking— %168— %1410
Commercial Banking:
Commercial real estate loans2 %8— %120.5
Commercial and industrial loans8 %123 %740.3
Total Commercial Banking4 %103 %120.5
Total loans4 %113 %130.5
For the nine months ended September 30,
20262025
Weighted-average interest rate reductionWeighted-average term extension in monthsWeighted-average payment deferral in yearsWeighted-average interest rate reductionWeighted-average term extension in monthsWeighted-average payment deferral in years
Personal Banking:
Residential mortgage loans1 %1210— %1470
Home equity loans— %1440— %870
Total Personal Banking1 %1220— %1340
Commercial Banking:
Commercial real estate loans2 %90.5— %120.5
Commercial real estate loans - owner occupied4 %170— %60
Commercial and industrial loans5 %90.53 %730.75
Total Commercial Banking5 %90.52 %120.5
Total loans4 %110.52 %130.5

The Company 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 presents the performance of loans that have been modified within the previous twelve months of September 30, 2026 (in thousands):

Current30-59 days
delinquent		60-89 days
delinquent		90 days or
greater
delinquent
Personal Banking:
Residential mortgage loans$445 — 421 275 
Home equity loans210 62 2 — 
Vehicle loans— — — — 
Consumer loans4 — — — 
Total Personal Banking659 62 423 275 
Commercial Banking:
Commercial real estate loans61,764 — — — 
Commercial real estate loans - owner occupied4,387 — — — 
Commercial and industrial loans14,486 — 569 — 
Total Commercial Banking80,637 — 569 — 
Total loans$81,296 62 992 275 

The following table presents the performance of loans modified within the previous twelve months of September 30, 2025 (in thousands):

Current30-59 days
delinquent		60-89 days
delinquent		90 days or
greater
delinquent
Personal Banking:
Residential mortgage loans$879 — — 210 
Home equity loans313 — — — 
Total Personal Banking1,192 — — 210 
Commercial Banking:
Commercial real estate loans85,170 5,367 — — 
Commercial real estate loans - owner occupied3,492 — — — 
Commercial and industrial loans353 — — 1,785 
Total Commercial Banking89,015 5,367 — 1,785 
Total loans$90,207 5,367 — 1,995 
A modification is considered to be in default when the loan is 90 days or more past due. The following table provides the amortized cost basis of financing receivables that had a payment default during the periods indicated and were modified within the previous twelve months of September 30, 2026 and September 30, 2025 to borrowers experiencing financial difficulty (in thousands):

September 30,20262025
Term extensionTerm extensionPayment delay
Personal Banking:
Residential mortgage loans$275 31 179 
Home equity loans— — — 
Total Personal Banking275 31179
Commercial Banking:
Commercial real estate loans— — — 
Commercial and industrial loans— — 1,785 
Total Commercial Banking— — 1,785 
Total$275 31 1,964 

The modifications to borrowers experiencing financial distress are included in their respective portfolio segment and the current loan balance and updated loan terms are run through their respective ACL models to arrive at the quantitative portion of the ACL. Subsequent performance of the loans will be measured by delinquency status and will be captured through our ACL models or our qualitative factor assessment, as deemed appropriate. If we no longer believe the loan demonstrates similar risks to their respective portfolio segment an individual assessment will be performed. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.

The following table provides information related to the amortized cost basis of loan payment delinquencies at September 30, 2026 (in thousands):
30-59 days
delinquent		60-89 days
delinquent		90 days or
greater
delinquent		Total
delinquency		CurrentTotal loans
receivable
Personal Banking:
Residential mortgage loans$1,233 5,830 10,901 17,964 2,966,240 2,984,204 
Home equity loans6,535 1,603 5,014 13,152 1,483,407 1,496,559 
Vehicle loans12,537 4,023 3,606 20,166 2,759,112 2,779,278 
Consumer loans874 455 618 1,947 136,858 138,805 
Total Personal Banking21,179 11,911 20,139 53,229 7,345,617 7,398,846 
Commercial Banking:
Commercial real estate loans6,211 5,416 15,339 26,966 2,532,385 2,559,351 
Commercial real estate loans - owner occupied246 — 605 851 371,399 372,250 
Commercial and industrial loans1,297 22,661 11,945 35,903 3,026,946 3,062,849 
Total Commercial Banking7,754 28,077 27,889 63,720 5,930,730 5,994,450 
Total loans$28,933 39,988 48,028 116,949 13,276,347 13,393,296 
The following table provides information related to the amortized cost basis of loan payment delinquencies at December 31, 2025 (in thousands):
30-59 days
delinquent		60-89 days
delinquent		90 days or
greater
delinquent		Total
delinquency		CurrentTotal loans
receivable
Personal Banking:
Residential mortgage loans
$41,180 10,934 10,001 62,115 3,038,665 3,100,780 
Home equity loans
6,488 2,316 2,492 11,296 1,496,236 1,507,532 
Vehicle loans13,271 4,161 4,098 21,530 2,405,106 2,426,636 
Consumer loans
792 438 795 2,025 135,229 137,254 
Total Personal Banking61,731 17,849 17,386 96,966 7,075,236 7,172,202 
Commercial Banking:
Commercial real estate loans
24,379 12,736 31,723 68,838 2,846,858 2,915,696 
Commercial real estate loans - owner occupied4,266 205 1,022 5,493 375,713 381,206 
Commercial and industrial loans5,657 2,899 16,269 24,825 2,513,387 2,538,212 
Total Commercial Banking34,302 15,840 49,014 99,156 5,735,958 5,835,114 
Total originated loans$96,033 33,689 66,400 196,122 12,811,194 13,007,316 

Credit Quality Indicators: For Commercial Banking we categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. We analyze loans individually by classifying the loans by credit risk. Credit relationships greater than or equal to $1.0 million classified as special mention or substandard are reviewed quarterly for deterioration or improvement to determine if the loan is appropriately classified. We use the following definitions for risk ratings other than pass:

Special Mention — Loans designated as special mention have specific, well-defined risk issues, which create a high level of uncertainty regarding the long-term viability of the business. Loans in this class are considered to have high-risk characteristics. A special mention loan exhibits material negative financial trends due to company-specific or systemic conditions. If these potential weaknesses are not mitigated, they threaten the borrower’s capacity to meet its debt obligations. Special mention loans still demonstrate sufficient financial flexibility to react to and positively address the root cause of the adverse financial trends without significant deviations from their current business strategy. Their potential weaknesses deserve our close attention and warrant enhanced monitoring.

Substandard — Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.

Doubtful — Loans classified as doubtful have all the weaknesses inherent in those classified as substandard. In addition, those weaknesses make collection or liquidation in full highly questionable and improbable. A loan classified as doubtful exhibits discernible loss potential, but a complete loss seems very unlikely. The possibility of a loss on a doubtful loan is high, but because of certain important and reasonably specific pending factors that may strengthen the loan, its classification as an estimated loss is deferred until a more exact status can be determined.
 
Loss — Loans classified as loss are considered uncollectible and of such value that the continuance as a loan is not warranted. A loss classification does not mean that the loan has no recovery or salvage value; instead, it means that it is not practical or desirable to defer writing off all or a portion of a basically worthless loan even though partial recovery may be possible in the future.

For Personal Banking loans a pass risk rating is maintained until they are 90 days or greater past due, and risk rating reclassification is based primarily on past due status of the loan. The risk rating categories can generally be described by the following groupings:

Pass — Loans classified as pass are homogeneous loans that are less than 90 days past due from the required payment date at month-end.

Substandard — Loans classified as substandard are homogeneous loans that are greater than 90 days past due from the required payment date at month-end, or homogenous retail loans that are greater than 180 days past due from the required payment date at month-end that has been written down to the value of underlying collateral, less costs to sell.
Doubtful — Loans classified as doubtful are homogeneous loans that are greater than 180 days past due from the required payment date at month-end and not written down to the value of underlying collateral. These loans are generally charged-off in the month in which the 180 day period elapses.
The following table presents the amortized cost basis of our loan portfolio by year of origination and credit quality indicator and the current period charge-offs by year of origination for each portfolio segment as of September 30, 2026 (in thousands):
YTD September 30, 20262025202420232022PriorRevolving loansRevolving loans converted to term loansTotal loans
receivable
Personal Banking:
Residential mortgage loans
Pass$132,857 61,372 36,594 192,913 562,061 1,985,900 — — 2,971,697 
Substandard— 368 — 644 3,019 8,476 — — 12,507 
Total residential mortgage loans132,857 61,740 36,594 193,557 565,080 1,994,376 — — 2,984,204 
Residential mortgage current period charge-offs— — — (123)(438)(1,522)— — (2,083)
Home equity loans
Pass97,534 82,540 22,268 39,080 61,180 304,773 823,946 58,992 1,490,313 
Substandard— — 83 — 294 1,064 4,052 753 6,246 
Total home equity loans97,534 82,540 22,351 39,080 61,474 305,837 827,998 59,745 1,496,559 
Home equity current period charge-offs— — — (14)(49)(192)(471)(147)(873)
Vehicle loans
Pass1,090,371 892,504 332,086 218,580 160,867 79,957 — — 2,774,365 
Substandard132 1,410 589 1,197 747 838 — — 4,913 
Total vehicle loans1,090,503 893,914 332,675 219,777 161,614 80,795 — — 2,779,278 
Vehicle current period charge-offs(96)(1,985)(1,674)(1,593)(1,127)(989)— — (7,464)
Consumer loans
Pass28,441 19,755 10,627 4,712 1,259 2,874 70,055 432 138,155 
Substandard1 23 36 28 2 2 481 77 650 
Total consumer loans28,442 19,778 10,663 4,740 1,261 2,876 70,536 509 138,805 
Consumer loan current period charge-offs(1,399)(803)(702)(501)(231)(1,059)(25)(11)(4,731)
Total Personal Banking1,349,336 1,057,972 402,283 457,154 789,429 2,383,884 898,534 60,254 7,398,846 
Commercial Banking:
Commercial real estate loans
Pass218,485 182,018 217,478 222,227 299,143 931,938 28,359 8,165 2,107,813 
Special mention— 15,584 31,034 32,386 13,553 40,774 598 — 133,929 
Substandard3,732 5,832 17,912 35,641 79,542 171,775 2,378 797 317,609 
Total commercial real estate loans222,217 203,434 266,424 290,254 392,238 1,144,487 31,335 8,962 2,559,351 
Commercial real estate current period charge-offs— — — (61)(823)(1,652)— — (2,536)
Commercial real estate loans - owner occupied
Pass22,823 57,834 29,751 27,962 17,240 173,502 1,473 — 330,585 
Special mention— 6,702 1,390 1,664 957 3,102 819 — 14,634 
Substandard2,895 — 6,515 1,138 4,561 5,992 5,221 709 27,031 
Total commercial real estate loans - owner occupied25,718 64,536 37,656 30,764 22,758 182,596 7,513 709 372,250 
Commercial real estate - owner occupied current period charge-offs— — — — — (301)— — (301)
Commercial and industrial loans
Pass845,117 660,290 381,732 191,773 141,636 71,919 621,179 1,420 2,915,066 
Special mention— 4,412 14,381 7,889 1,857 75 19,155 2 47,771 
Substandard4,098 13,538 23,742 8,005 6,315 6,353 35,034 1,589 98,674 
Doubtful— 1,088 — — — 250 — 1,338 
Total commercial and industrial loans849,215 678,240 420,943 207,667 149,808 78,347 675,618 3,011 3,062,849 
Commercial and industrial current period charge-offs— (116)(645)(900)(786)(485)(664)(69)(3,665)
Total Commercial Banking1,097,150 946,210 725,023 528,685 564,804 1,405,430 714,466 12,682 5,994,450 
Total loans$2,446,486 2,004,182 1,127,306 985,839 1,354,233 3,789,314 1,613,000 72,936 13,393,296 
For the nine months ended September 30, 2026, $19 million of revolving loans were converted to term loans.
The following table presents the amortized cost basis of our loan portfolio by year of origination and credit quality indicator for each portfolio segment as of December 31, 2025 (in thousands): 
20252024202320222021PriorRevolving loansRevolving loans converted to term loansTotal loans
receivable
Personal Banking:
Residential mortgage loans
Pass$65,511 41,435 216,600 607,377 709,122 1,448,488 — — 3,088,533 
Substandard— — 729 2,363 2,760 6,395 — — 12,247 
Total residential mortgage loans65,511 41,435 217,329 609,740 711,882 1,454,883 — — 3,100,780 
Residential mortgage current period charge-offs— — (51)(447)(55)(623)(50)— (1,226)
Home equity loans
Pass99,444 26,377 47,301 71,086 71,038 290,393 840,879 57,259 1,503,777 
Substandard— — 47 255 — 1,168 1,441 844 3,755 
Total home equity loans99,444 26,377 47,348 71,341 71,038 291,561 842,320 58,103 1,507,532 
Home equity current period charge-offs— (85)(13)(219)(98)(399)(545)(221)(1,580)
Vehicle loans
Pass1,157,146 477,435 335,622 281,604 111,302 58,034 — — 2,421,143 
Substandard537 1,169 1,455 1,128 735 469 — — 5,493 
Total vehicle loans1,157,683 478,604 337,077 282,732 112,037 58,503 — — 2,426,636 
Vehicle current period charge-offs(527)(1,663)(2,159)(2,129)(1,205)(1,145)— — (8,828)
Consumer loans
Pass34,396 17,034 8,244 3,117 1,063 3,128 68,963 489 136,434 
Substandard16 72 32 8 9 — 603 80 820 
Total consumer loans34,412 17,106 8,276 3,125 1,072 3,128 69,566 569 137,254 
Consumer loan current period charge-offs(2,488)(872)(805)(500)(313)(1,206)(166)(91)(6,441)
Total Personal Banking1,357,050 563,522 610,030 966,938 896,029 1,808,075 911,886 58,672 7,172,202 
Commercial Banking:
Commercial real estate loans
Pass192,876 280,328 304,567 406,936 275,080 973,846 37,133 11,234 2,482,000 
Special Mention1,738 5,933 23,540 28,030 41,409 27,177 639 — 128,466 
Substandard886 29,241 22,868 81,445 55,020 112,043 1,942 1,785 305,230 
Total commercial real estate loans195,500 315,502 350,975 516,411 371,509 1,113,066 39,714 13,019 2,915,696 
Commercial real estate current period
charge-offs		— (3)(73)(2,009)(30)(11,847)(15)(173)(14,150)
Commercial real estate loans -
owner occupied
Pass59,948 34,150 28,382 17,798 54,818 134,942 5,764 — 335,802 
Special Mention— — — — 615 2,508 — — 3,123 
Substandard— 3,758 1,720 3,614 3,359 26,925 1,963 942 42,281 
Total commercial real estate loans -
owner occupied		59,948 37,908 30,102 21,412 58,792 164,375 7,727 942 381,206 
Commercial real estate - owner occupied current period charge-offs— — — — — (336)— — (336)
Commercial and industrial loans
Pass741,190 531,151 246,591 210,899 35,114 55,116 569,922 2,847 2,392,830 
Special Mention187 21,007 7,883 976 426 107 31,262 4 61,852 
Substandard3,840 12,765 20,440 5,698 5,141 6,185 27,886 1,575 83,530 
Total commercial and industrial loans745,217 564,923 274,914 217,573 40,681 61,408 629,070 4,426 2,538,212 
Commercial and industrial current period charge-offs— (128)(489)(2,986)(230)(1,493)(310)(1,459)(7,095)
Total Commercial Banking1,000,665 918,333 655,991 755,396 470,982 1,338,849 676,511 18,387 5,835,114 
Total loans$2,357,715 1,481,855 1,266,021 1,722,334 1,367,011 3,146,924 1,588,397 77,059 13,007,316 
For the year ended December 31, 2025, $16 million of revolving loans were converted to term loans.