| Allowance for Credit Losses | Allowance for Credit Losses The following tables present the changes in the allowance for loan and lease losses in loans and leases by portfolio segment for the periods indicated: Three Months Ended September 30, 2022 Commercial Commercial Consumer Total (In Thousands) Balance at June 30, 2022 $ 70,027 $ 20,105 $ 3,056 $ 93,188 Charge-offs — (584) (14) (598) Recoveries 6 763 8 777 (Credit) provision for loan and lease losses (2,573) 2,984 391 802 Balance at September 30, 2022 $ 67,460 $ 23,268 $ 3,441 $ 94,169 Three Months Ended September 30, 2021 Commercial Commercial Consumer Total (In Thousands) Balance at June 30, 2021 $ 74,009 $ 28,364 $ 4,101 $ 106,474 Charge-offs — (1,583) (17) (1,600) Recoveries 1 308 36 345 (Credit) provision for loan and lease losses (1,630) 101 (1,175) (2,704) Balance at September 30, 2021 $ 72,380 $ 27,190 $ 2,945 $ 102,515 Nine Months Ended September 30, 2022 Commercial Commercial Consumer Total (In Thousands) Balance at December 31, 2021 $ 69,213 $ 27,055 $ 2,816 $ 99,084 Charge-offs (37) (4,417) (20) (4,474) Recoveries 18 1,395 52 1,465 (Credit) provision for loan and lease losses (1,734) (765) 593 (1,906) Balance at September 30, 2022 $ 67,460 $ 23,268 $ 3,441 $ 94,169 Nine Months Ended September 30, 2021 Commercial Commercial Consumer Total (In Thousands) Balance at December 31, 2020 $ 80,132 $ 29,498 $ 4,749 $ 114,379 Charge-offs (28) (4,907) (29) (4,964) Recoveries 12 1,127 215 1,354 (Credit) provision for loan and lease losses (7,736) 1,472 (1,990) (8,254) Balance at September 30, 2021 $ 72,380 $ 27,190 $ 2,945 $ 102,515 The allowance for credit losses for unfunded credit commitments, which is included in other liabilities, was $19.6 million and $14.8 million at September 30, 2022 and December 31, 2021, respectively. Provision for Credit Losses The provisions for credit losses are set forth below for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In Thousands) Provision (credit) for loan and lease losses: Commercial real estate $ (2,573) $ (1,630) $ (1,734) $ (7,736) Commercial 2,984 101 (765) 1,472 Consumer 391 (1,175) 593 (1,990) Total (credit) provision for loan and lease losses 802 (2,704) (1,906) (8,254) Unfunded commitments 2,043 (406) 4,760 (334) Investment securities available-for-sale (10) — 48 — Total provision (credit) for credit losses $ 2,835 $ (3,110) $ 2,902 $ (8,588) Allowance for Loan and Lease Losses Methodology Management has established a methodology to determine the adequacy of the allowance for credit losses that assesses the risks and losses expected on the loan and lease portfolio and unfunded commitments. Additions to the allowance for credit losses are made by charges to the provision for credit losses. Losses on loans and leases are charged off against the allowance when all or a portion of a loan or lease is considered uncollectible. Subsequent recoveries on loans previously charged off, if any, are credited to the allowance when realized. To calculate the allowance for loans collectively evaluated, management uses models developed by a third party. The models include: commercial real estate ("CRE"), commercial and industrial ("C&I"), and retail lifetime loss rate models calculate the expected losses over the life of the loan based on exposure at default loan attributes and reasonable, supportable economic forecasts. The exposure at default considers the current unpaid balance, prepayment assumptions and expected utilization assumptions. The expected loss estimates for two small commercial portfolios are based on historical loss rates. Key assumptions used in the models include portfolio segmentation, prepayments, and the expected utilization of unfunded commitments, among others. The portfolios are segmented by loan level attributes such as loan type, loan size, date of origination, and delinquency status to create homogenous loan pools. Pool level metrics are calculated and loss rates are subsequently applied to the pools as the loans have like characteristics. Prepayment assumptions are embedded within the models and are based on the same data used for model development and incorporate adjustments for reasonable and supportable forecasts. Model development data and developmental time periods vary by model, but all use at least ten years of historical data and capture at least one recessionary period. Expected utilization is based on current utilization and a loan equivalency ("LEQ") factor. LEQ varies by current utilization and provides a reasonable estimate of expected draws and borrower behavior. Assumptions and model inputs are reviewed in accordance with model monitoring practices and as information becomes available . The ACL estimate incorporates reasonable and supportable forecasts of various macro-economic variables over the remaining life of loans and leases. The development of the reasonable and supportable forecast assume each macro-economic variable will revert to long-term expectations, with reversion characteristics unique to specific economic indicators and forecasts. Reversion towards long-term expectations generally begins two to three years from the forecast start date and largely completes within the first five years. Because the reasonable and supportable economic forecasts used in the models are mean reverting, the models are therefore considered to be implicitly mean reverting. Management elected to use multiple economic forecasts in determining the reserve to account for economic uncertainty. The forecasts include various projections of Gross Domestic Product ("GDP"), interest rates, property price indices, and employment measures. Scenario weighting and model parameters are reviewed for each calculation and updated to reflect facts and circumstances as of the financial statement date. The forecasts utilized at September 30, 2022 reflect the immediate and longer-term effects of the COVID-19 pandemic as well as the effects from a rising interest rate environment and inflation. The CRE lifetime loss rate, C&I lifetime loss rate, and Retail lifetime loss rate models were developed using the historical loss experience of all banks in the model’s developmental dataset. Banks in the model’s developmental dataset may have different loss experiences due to geography and portfolio as well as variances in operational and underwriting procedures from the Company, and therefore, the Company calibrates expected losses using a scalar for each model. Each scalar was calculated by examining the loss rates of peer banks that have similar operations and asset bases to the Company and comparing these peer group loss rates to the model results. Peer group loss rates were used in the scalar calculation because management believes the peer group’s historical losses provide a better reflection of the Company’s current portfolio and operating procedures than the Company’s historical losses. Qualitative adjustments are also applied to the results of the three loss rate models. As of September 30, 2022, management applied qualitative adjustments to the CRE lifetime loss rate, C&I lifetime loss rate, and Retail lifetime loss rate models. These adjustments addressed model limitations, were based on historical loss patterns, and targeted specific risks within the certain portfolios. A general qualitative adjustment was applied to all models to account for general economic uncertainty by placing a greater probability on negative economic forecasts. Additional qualitative adjustments were applied to the commercial, multifamily, and commercial real estate (includes owner occupied, non-owner occupied, and construction) portfolios based on the Company’s historical loss experience and the loss experience of the Company’s peer group. High risk segments of the Eastern Funding portfolios also received additional qualitative adjustments based on recent loss history and expected liquidation values. These qualitative adjustments resulted in additions to reserves for all portfolios, as compared to the model output. Specific reserves are established for loans individually evaluated for impairment when amortized cost basis is greater than the discounted present value of expected future cash flows or, in the case of collateral-dependent loans, when there is an excess of a loan's amortized cost basis over the fair value of its underlying collateral. When loans and leases do not share risk characteristics with other financial assets they are evaluated individually. Individually evaluated loans are reviewed quarterly with adjustments made to the calculated reserve as necessary. The general allowance for loan and lease losses was $93.1 million as of September 30, 2022, compared to $95.8 million as of December 31, 2021. The reduction in the ACL is attributable to continued low level of net charge-offs and a reduction in qualitative adjustments that consider longer-term risks. The specific allowance for loan and lease losses was $1.1 million as of September 30, 2022, compared to $3.3 million as of December 31, 2021. The specific allowance decreased by $2.3 million during the nine months ended September 30, 2022 primarily due to the charge-off of a specific reserve for a specialty finance relationship. As of September 30, 2022, management believes that the methodology for calculating the allowance is sound and that the allowance provides a reasonable basis for determining and reporting on expected losses over the lifetime of the Company’s loan portfolios. Credit Quality Assessment At the time of loan origination, a rating is assigned based on the capacity to pay and general financial strength of the borrower, the value of assets pledged as collateral, and the evaluation of third party support such as a guarantor. The Company continually monitors the credit quality of the loan portfolio using all available information. The officer responsible for handling each loan is required to initiate changes to risk ratings when changes in facts and circumstances occur that warrant an upgrade or downgrade in a loan rating. Based on this information, loans demonstrating certain payment issues or other weaknesses may be categorized as delinquent, adversely risk-rated, nonperforming and/or put on nonaccrual status. Additionally, in the course of resolving such loans, the Company may choose to restructure the contractual terms of certain loans to match the borrower's ability to repay the loan based on their current financial condition. If a restructured loan meets certain criteria, it may be categorized as a troubled debt restructuring ("TDR") loan. The Company reviews numerous credit quality indicators when assessing the risk in its loan portfolio. For all loans, the Company utilizes an eight-grade loan rating system, which assigns a risk rating to each borrower based on a number of quantitative and qualitative factors associated with a loan transaction. Factors considered include industry and market conditions; position within the industry; earnings trends; operating cash flow; asset/liability values; debt capacity; guarantor strength; management and controls; financial reporting; collateral; and other considerations. In addition, the Company's independent loan review group evaluates the credit quality and related risk ratings in all loan portfolios. The results of these reviews are reported to the Risk Committee of the Board of Directors on a periodic basis and annually to the Board of Directors. For the consumer loans, the Company heavily relies on payment status for calibrating credit risk. The ratings categories used for assessing credit risk in the commercial real estate, multi-family mortgage, construction, commercial, equipment financing, condominium association and other consumer loan and lease classes are defined as follows: 1 -4 Rating—Pass Loan rating grades "1" through "4" are classified as "Pass," which indicates borrowers are performing in accordance with the terms of the loan and are less likely to result in loss due to the capacity of the borrower to pay and the adequacy of the value of assets pledged as collateral. 5 Rating—Other Assets Especially Mentioned ("OAEM") Borrowers exhibit potential credit weaknesses or downward trends deserving management's attention. If not checked or corrected, these trends will weaken the Company's asset and position. While potentially weak, currently these borrowers are marginally acceptable; no loss of principal or interest is envisioned. 6 Rating—Substandard Borrowers exhibit well defined weaknesses that jeopardize the orderly liquidation of debt. Substandard loans may be inadequately protected by the current net worth and paying capacity of the obligors or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy. Although no loss of principal is envisioned, there is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Collateral coverage may be inadequate to cover the principal obligation. 7 Rating—Doubtful Borrowers exhibit well-defined weaknesses that jeopardize the orderly liquidation of debt with the added provision that the weaknesses make collection of the debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Serious problems exist to the point where partial loss of principal is likely. 8 Rating—Definite Loss Borrowers deemed incapable of repayment. Loans to such borrowers are considered uncollectible and of such little value that continuation as active assets of the Company is not warranted. Assets rated as "OAEM," "substandard" or "doubtful" based on criteria established under banking regulations are collectively referred to as "criticized" assets. Credit Quality Information The following table presents the amortized cost basis of loans in each class by credit quality indicator and year of origination as of September 30, 2022. September 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Commercial Real Estate Pass $ 363,706 $ 648,462 $ 296,885 $ 376,868 $ 227,324 $ 995,456 $ 54,683 $ 11,032 $ 2,974,416 OAEM — 2,618 90 14,860 2,853 31,833 — — 52,254 Substandard — 656 — — — 3,608 — 1,268 5,532 Total 363,706 651,736 296,975 391,728 230,177 1,030,897 54,683 12,300 3,032,202 Multi-Family Mortgage September 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Pass 82,302 229,072 120,039 143,295 96,250 329,930 5,118 36,824 1,042,830 Substandard — — — 3,764 — 6,420 — — 10,184 Total 82,302 229,072 120,039 147,059 96,250 336,350 5,118 36,824 1,053,014 Construction Pass 41,304 59,938 26,836 (9,675) 49,844 — 7,351 — 175,598 OAEM 491 7,501 — — — — — — 7,992 Substandard — — — — — 706 — — 706 Total 41,795 67,439 26,836 (9,675) 49,844 706 7,351 — 184,296 Commercial Pass 63,697 126,899 51,305 38,098 31,087 67,008 324,243 1,117 703,454 OAEM — 4,143 1,215 2,017 — — 1,155 — 8,530 Substandard — 14 — — — 30 323 835 1,202 Doubtful — — — — — 2 — 1 3 Total 63,697 131,056 52,520 40,115 31,087 67,040 325,721 1,953 713,189 Equipment Financing Pass 330,299 301,241 201,044 157,921 89,486 70,240 13,159 1,900 1,165,290 OAEM — — 188 155 18 — — — 361 Substandard 174 676 1,487 2,872 2,458 2,914 — — 10,581 Doubtful — — — — 2 14 — — 16 Total 330,473 301,917 202,719 160,948 91,964 73,168 13,159 1,900 1,176,248 Condominium Association Pass 3,906 6,275 8,582 6,175 1,855 13,499 3,824 27 44,143 Substandard — — — — — 65 — — 65 Total 3,906 6,275 8,582 6,175 1,855 13,564 3,824 27 44,208 Other Consumer Pass 395 446 25 17 1,504 750 47,829 1 50,967 Total 395 446 25 17 1,504 750 47,829 1 50,967 Total Pass 885,609 1,372,333 704,716 712,699 497,350 1,476,883 456,207 50,901 6,156,698 OAEM 491 14,262 1,493 17,032 2,871 31,833 1,155 — 69,137 Substandard 174 1,346 1,487 6,636 2,458 13,743 323 2,103 28,270 Doubtful — — — — 2 16 — 1 19 Total $ 886,274 $ 1,387,941 $ 707,696 $ 736,367 $ 502,681 $ 1,522,475 $ 457,685 $ 53,005 $ 6,254,124 As of September 30, 2022, there were no loans categorized as definite loss. For residential mortgage and home equity loans, the borrowers' credit scores contribute as a reserve metric in the retail loss rate model. At September 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Residential Credit Scores Over 700 $ 85,227 $ 180,645 $ 97,788 $ 62,277 $ 39,372 $ 140,303 $ 4,685 $ 350 $ 610,647 661 - 700 14,722 21,575 18,381 11,841 8,847 30,349 — — 105,715 600 and below 6,154 3,772 5,324 3,161 2,272 14,830 — — 35,513 Data not available* 21,832 7,593 716 3,328 — 51,230 — — 84,699 Total $ 127,935 $ 213,585 $ 122,209 $ 80,607 $ 50,491 $ 236,712 $ 4,685 $ 350 $ 836,574 Home Equity Credit Scores Over 700 $ 2,747 $ 1,434 $ 1,073 $ 1,347 $ 1,035 $ 7,235 $ 252,222 $ 2,057 $ 269,150 661 - 700 278 93 36 261 282 1,387 41,815 382 44,534 600 and below 91 89 50 95 — 398 8,733 599 10,055 Data not available* 3 3 — — — 1,044 5,569 248 6,867 Total $ 3,119 $ 1,619 $ 1,159 $ 1,703 $ 1,317 $ 10,064 $ 308,339 $ 3,286 $ 330,606 _______________________________________________________________________________ * Represents loans and leases for which data are not available. The following tables present the recorded investment in loans in each class as of December 31, 2021, by credit quality indicator. December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Commercial Real Estate Pass $ 660,657 $ 309,397 $ 398,269 $ 242,931 $ 188,952 $ 923,232 $ 47,315 $ 12,230 $ 2,782,983 OAEM — — 16,891 2,888 3,877 22,929 — — 46,585 Substandard 675 180 — — 569 7,985 — 3,814 13,223 Total 661,332 309,577 415,160 245,819 193,398 954,146 47,315 16,044 2,842,791 Multi-Family Mortgage Pass 230,219 124,897 149,580 120,683 84,124 347,991 4,095 37,040 1,098,629 OAEM — — — — — 1,189 — — 1,189 Total 230,219 124,897 149,580 120,683 84,124 349,180 4,095 37,040 1,099,818 December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Construction Pass 48,988 32,448 17,552 49,801 — — 7,847 — 156,636 Substandard — — 3,795 — — — — — 3,795 Total 48,988 32,448 21,347 49,801 — — 7,847 — 160,431 Commercial Pass 231,829 76,535 44,454 36,498 9,009 99,724 221,861 1,335 721,245 OAEM — 1,494 3,106 2,880 — — 844 — 8,324 Substandard 17 13 — 90 189 1,826 773 1,909 4,817 Doubtful — — — — — — — 2 2 Total 231,846 78,042 47,560 39,468 9,198 101,550 223,478 3,246 734,388 Equipment Financing Pass 350,564 266,845 216,369 131,802 65,132 53,177 3,959 349 1,088,197 OAEM — 196 1,622 277 65 16 — — 2,176 Substandard 286 1,115 3,811 4,905 2,332 2,775 — — 15,224 Doubtful — — — 1 6 7 — — 14 Total 350,850 268,156 221,802 136,985 67,535 55,975 3,959 349 1,105,611 Condominium Association Pass 4,380 9,423 7,814 4,121 4,050 14,074 3,086 105 47,053 Substandard — — — — — 84 — — 84 Total 4,380 9,423 7,814 4,121 4,050 14,158 3,086 105 47,137 Other Consumer Pass 562 133 46 1,508 28 730 37,378 2 40,387 Substandard — — — — — — 1 — 1 Total 562 133 46 1,508 28 730 37,379 2 40,388 Total Pass 1,527,199 819,678 834,084 587,344 351,295 1,438,928 325,541 51,061 5,935,130 OAEM — 1,690 21,619 6,045 3,942 24,134 844 — 58,274 Substandard 978 1,308 7,606 4,995 3,090 12,670 774 5,723 37,144 December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Doubtful — — — 1 6 7 — 2 16 Total $ 1,528,177 $ 822,676 $ 863,309 $ 598,385 $ 358,333 $ 1,475,739 $ 327,159 $ 56,786 $ 6,030,564 As of December 31, 2021, there were no loans categorized as definite loss. At December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Loans Total (In Thousands) Residential Credit Scores Over 700 $ 182,759 $ 111,380 $ 69,901 $ 51,454 $ 40,467 $ 127,303 $ 2,990 $ 355 $ 586,609 661 - 700 24,370 19,078 14,011 9,018 12,846 25,294 — — 104,617 600 and below 4,145 6,368 3,408 2,996 3,492 13,801 — — 34,210 Data not available* 10,936 — 1,958 — 6,847 54,560 — — 74,301 Total $ 222,210 $ 136,826 $ 89,278 $ 63,468 $ 63,652 $ 220,958 $ 2,990 $ 355 $ 799,737 Home Equity Credit Scores Over 700 $ 1,530 $ 1,469 $ 1,790 $ 1,520 $ 1,561 $ 8,254 $ 242,980 $ 1,844 $ 260,948 661 - 700 98 51 297 392 210 1,658 42,542 541 45,789 600 and below 92 54 101 — 12 436 8,484 713 9,892 Data not available* — — — — — 1,216 5,937 374 7,527 Total $ 1,720 $ 1,574 $ 2,188 $ 1,912 $ 1,783 $ 11,564 $ 299,943 $ 3,472 $ 324,156 Age Analysis of Past Due Loans and Leases The following table presents an age analysis of the amortized cost basis in loans and leases as of September 30, 2022. At September 30, 2022 Past Due Past 31-60 61-90 Greater Total Current Total Loans Non-accrual Non-accrual (In Thousands) Commercial real estate loans: Commercial real estate $ 3,942 $ 875 $ 11,016 $ 15,833 $ 3,016,369 $ 3,032,202 $ 8,085 $ 3,136 $ 2,930 Multi-family mortgage 7,039 80 353 7,472 1,045,542 1,053,014 353 — — Construction 1,502 — — 1,502 182,794 184,296 — — — Total commercial real estate loans 12,483 955 11,369 24,807 4,244,705 4,269,512 8,438 3,136 2,930 Commercial loans and leases: Commercial 2,690 — 952 3,642 709,547 713,189 494 618 — Equipment financing 4,266 2,464 6,075 12,805 1,163,443 1,176,248 160 10,544 999 Condominium association 76 — — 76 44,132 44,208 — 64 — Total commercial loans and leases 7,032 2,464 7,027 16,523 1,917,122 1,933,645 654 11,226 999 Consumer loans: Residential mortgage 1,145 2,000 2,489 5,634 830,940 836,574 487 2,741 1,091 Home equity 698 142 19 859 329,747 330,606 4 616 — Other consumer 15 1 2 18 50,949 50,967 — 2 — Total consumer loans 1,858 2,143 2,510 6,511 1,211,636 1,218,147 491 3,359 1,091 Total loans and leases $ 21,373 $ 5,562 $ 20,906 $ 47,841 $ 7,373,463 $ 7,421,304 $ 9,583 $ 17,721 $ 5,020 The Company did not recognize any interest income on nonaccrual loans for the three and nine months ended September 30, 2022. The following tables present an age analysis of the recorded investment in originated and acquired loans and leases as of December 31, 2021. At December 31, 2021 Past Due Loans and Non-accrual 31-60 61-90 Greater Total Current Total Loans Non-accrual (In Thousands) Commercial real estate loans: Commercial real estate $ 2,424 $ 1,488 $ 10,443 $ 14,355 $ 2,828,436 $ 2,842,791 $ — $ 10,848 $ 10,244 Multi-family mortgage 371 89 — 460 1,099,358 1,099,818 — — — Construction 396 — — 396 160,035 160,431 — — — Total commercial real estate loans 3,191 1,577 10,443 15,211 4,087,829 4,103,040 — 10,848 10,244 Commercial loans and leases: Commercial 287 88 748 1,123 733,265 734,388 — 2,318 1,383 Equipment financing 5,265 1,044 8,774 15,083 1,090,528 1,105,611 — 15,014 1,602 Condominium association 57 — — 57 47,080 47,137 — 84 — Total commercial loans and leases 5,609 1,132 9,522 16,263 1,870,873 1,887,136 — 17,416 2,985 Consumer loans: Residential mortgage 454 3,169 2,315 5,938 793,799 799,737 — 3,909 2,165 Home equity 424 201 114 739 323,417 324,156 1 285 — Other consumer 5 2 1 8 40,380 40,388 — 1 — Total consumer loans 883 3,372 2,430 6,685 1,157,596 1,164,281 1 4,195 2,165 Total loans and leases $ 9,683 $ 6,081 $ 22,395 $ 38,159 $ 7,116,298 $ 7,154,457 $ 1 $ 32,459 $ 15,394 Impaired Loans and Leases A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. The loans and leases risk-rated "substandard" or worse are considered impaired. The Company has also defined the population of impaired loans to include nonaccrual loans and TDR loans. Impaired loans and leases which do not share similar risk characteristics with other loans are individually evaluated for credit losses. Specific reserves are established for loans and leases with deterioration in the present value of expected future cash flows or, in the case of collateral-dependent loans and leases, any increase in the loan or lease amortized cost basis over the fair value of the underlying collateral discounted for estimated selling costs. In contrast, the loans and leases which share similar risk characteristics and are not included in the individually evaluated population are collectively evaluated for credit losses. The following tables present information regarding individually evaluated and collectively evaluated allowance for loan and lease losses for credit losses on loans and leases at the dates indicated. At September 30, 2022 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Individually evaluated $ 62 $ 946 $ 59 $ 1,067 Collectively evaluated 67,398 22,322 3,382 93,102 Total $ 67,460 $ 23,268 $ 3,441 $ 94,169 Loans and Leases: Individually evaluated $ 17,046 $ 3,471 $ 3,875 $ 24,392 Collectively evaluated 4,252,466 1,930,174 1,214,272 7,396,912 Total $ 4,269,512 $ 1,933,645 $ 1,218,147 $ 7,421,304 At December 31, 2021 Commercial Real Estate Commercial Consumer Total (In Thousands) Allowance for Loan and Lease Losses: Individually evaluated $ — $ 3,236 $ 38 $ 3,274 Collectively evaluated 69,213 23,819 2,778 95,810 Total loans and leases $ 69,213 $ 27,055 $ 2,816 $ 99,084 Loans and Leases: Individually evaluated $ 16,906 $ 10,944 $ 4,853 $ 32,703 Collectively evaluated 4,086,134 1,876,192 1,159,428 7,121,754 Total loans and leases $ 4,103,040 $ 1,887,136 $ 1,164,281 $ 7,154,457 Troubled Debt Restructuring Loans and Leases The following table sets forth information regarding TDR loans and leases at the dates indicated: At September 30, 2022 At December 31, 2021 (In Thousands) Troubled debt restructurings: On accrual $ 9,728 $ 12,580 On nonaccrual 4,449 6,709 Total troubled debt restructurings $ 14,177 $ 19,289 Total TDR loans and leases decreased by $5.2 million to $14.2 million at September 30, 2022 from $19.3 million at December 31, 2021, primarily driven by loan payoffs, as well as the payments on TDR loans, partially offset by new TDR loans during the nine months ended September 30, 2022. The amortized cost basis in TDR loans and the associated specific credit losses for the loan and lease portfolios, that were modified during the periods indicated, are as follows. At and for the Three Months Ended September 30, 2022 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Equipment financing 3 $ 411 $ 411 $ — $ 441 — $ — Total loans and leases 3 $ 411 $ 411 $ — $ 441 — $ — ______________________________________________________________________ (1) Includes loans and leases that have been modified within the past twelve months and subsequently had payment defaults during the period indicated. At and for the Three Months Ended September 30, 2021 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Commercial 1 19 19 — — — — Equipment financing 6 $ 827 $ 816 $ — $ 147 5 $ 211 Total loans and leases 7 $ 846 $ 835 $ — $ 147 5 $ 211 ______________________________________________________________________ (1) Includes loans and leases that have been modified within the past twelve months and subsequently had payment defaults during the period indicated. At and for the Nine Months Ended September 30, 2022 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Equipment financing 18 $ 1,203 $ 1,099 $ — $ 760 5 $ 323 Total loans and leases 18 $ 1,203 $ 1,099 $ — $ 760 5 $ 323 At and for the Nine Months Ended September 30, 2021 Amortized Cost Specific Defaulted (1) Number of At At End of Nonaccrual Number of Amortized Cost (Dollars in Thousands) Originated: Commercial real estate 1 $ 497 $ 494 $ — $ — — $ — Commercial 1 19 19 — — — — Equipment financing 43 3,627 3,382 91 2,165 6 257 Residential mortgage 1 864 859 — — — — Home equity 1 312 312 — — — — Total loans and leases 47 $ 5,319 $ 5,066 $ 91 $ 2,165 6 $ 257 The following table sets forth the Company's end-of-period amortized cost basis for TDRs that were modified during the periods indicated, by type of modification. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (In Thousands) Loans with one modification: Extended maturity $ — $ — $ — $ 2,333 Combination maturity, principal, interest rate 411 835 1,203 2,733 Total loans with modifications $ 411 $ 835 $ 1,203 $ 5,066 The TDR loans and leases that were modified for the three months ended September 30, 2022 and 2021 were $0.4 million and $0.8 million, respectively. The decrease in TDR loans and leases that were modified for the three months ended September 30, 2022 were primarily due to loan payoffs. The net charge-offs for performing and nonperforming TDR loans and leases for the nine months ended September 30, 2022 and 2021 were $0.1 million and $0.7 million respectively. The commitments to lend funds to debtors owing receivables whose terms had been modified in TDRs as of September 30, 2022 was $0.3 million. As of September 30, 2021, there were $0.6 million commitments to lend funds to debtors owing receivables whose terms had been modified in TDRs. |
