Loans Receivable and Allowance for Credit Losses | Loans Receivable and Allowance for Credit Losses The following is a summary of loans receivable by segment: March 31, 2024 December 31, 2023 (Dollars in thousands) Loan portfolio composition Commercial real estate (“CRE”) loans $ 8,707,673 $ 8,797,884 Commercial and industrial (“C&I”) loans 4,041,063 4,135,044 Residential mortgage loans 936,035 883,687 Consumer and other loans 34,407 37,004 Total loans receivable, net of deferred costs and fees 13,719,178 13,853,619 Allowance for credit losses (158,758) (158,694) Loans receivable, net of allowance for credit losses $ 13,560,420 $ 13,694,925 Loans receivable is stated at the amount of unpaid principal, adjusted for net deferred fees and costs, premiums and discounts, and purchase accounting fair value adjustments. The Company had net deferred fees of $4.9 million and $6.1 million at March 31, 2024 and December 31, 2023, respectively. The loan portfolio consists of four segments: CRE loans, C&I loans, residential mortgage loans, and consumer and other loans. CRE loans are extended for the purchase and refinance of commercial real estate and are generally secured by first deeds of trust and collateralized by residential or commercial properties. C&I loans are loans provided to businesses for various purposes such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance activities, and other business-related financing needs. This segment includes warehouse lines of credit for residential mortgages and Small Business Administration (“SBA”) loans. Residential mortgage loans are extended for personal, family, or household use and are secured by a mortgage or deed of trust. Consumer and other loans consist of home equity, credit card, and other personal loans. The Company had loans receivable of $13.72 billion at March 31, 2024, a decrease of $134.4 million, or 1.0%, from December 31, 2023. The decrease in loans receivable during the three months ended March 31, 2024, was due to the decline in C&I and CRE loans, offset partially by the growth in residential mortgage loans. During the three months ended March 31, 2024, loan payoffs and paydowns exceeded new origination volume, reflecting, in part, the Company’s prudent approach to loan growth and lower customer demand in a high interest rate environment. The Company had $2.8 million in loans held for sale at March 31, 2024, compared with $3.4 million at December 31, 2023. Loans held for sale at March 31, 2024, consisted of $2.3 million in CRE loans and $476 thousand in residential mortgage loans. Loans held for sale are not included in the loans receivable table presented above. The tables below detail the activity in the allowance for credit losses (“ACL”) by portfolio segment for the three months ended March 31, 2024 and 2023. CRE Loans C&I Loans Residential Mortgage Loans Consumer and Other Loans Total (Dollars in thousands) Three Months Ended March 31, 2024 Balance, beginning of period $ 93,940 $ 51,291 $ 12,838 $ 625 $ 158,694 Provision (credit) for credit loss on loans (3,614) 8,246 (896) (136) 3,600 Loans charged off (38) (4,619) — (63) (4,720) Recoveries of charge offs 535 547 — 102 1,184 Balance, end of period $ 90,823 $ 55,465 $ 11,942 $ 528 $ 158,758 CRE Loans C&I Loans Residential Mortgage Loans Consumer and Other Loans Total (Dollars in thousands) Three Months Ended March 31, 2023 Balance, beginning of period $ 95,884 $ 56,872 $ 8,920 $ 683 $ 162,359 ASU 2022-02 day 1 adoption adjustment 19 (426) — — $ (407) Provision (credit) for credit loss on loans 12,863 (13,500) 2,333 4 1,700 Loans charged off — (440) — (55) (495) Recoveries of charge offs 69 284 — 34 387 Balance, end of period $ 108,835 $ 42,790 $ 11,253 $ 666 $ 163,544 The following tables break out the allowance for credit losses and loan balance by measurement methodology at March 31, 2024 and December 31, 2023: March 31, 2024 CRE Loans C&I Loans Residential Mortgage Loans Consumer and Other Loans Total (Dollars in thousands) Allowance for credit losses: Individually evaluated $ 1,142 $ 4,466 $ 26 $ 3 $ 5,637 Collectively evaluated 89,681 50,999 11,916 525 153,121 Total $ 90,823 $ 55,465 $ 11,942 $ 528 $ 158,758 Loans outstanding: Individually evaluated $ 84,885 $ 15,071 $ 6,343 $ 276 $ 106,575 Collectively evaluated 8,622,788 4,025,992 929,692 34,131 13,612,603 Total $ 8,707,673 $ 4,041,063 $ 936,035 $ 34,407 $ 13,719,178 December 31, 2023 CRE Loans C&I Loans Residential Mortgage Loans Consumer and Other Loans Total (Dollars in thousands) Allowance for credit losses: Individually evaluated $ 886 $ 1,721 $ 39 $ 14 $ 2,660 Collectively evaluated 93,054 49,570 12,799 611 156,034 Total $ 93,940 $ 51,291 $ 12,838 $ 625 $ 158,694 Loans outstanding: Individually evaluated $ 33,932 $ 5,013 $ 5,916 $ 343 $ 45,204 Collectively evaluated 8,763,952 4,130,031 877,771 36,661 13,808,415 Total $ 8,797,884 $ 4,135,044 $ 883,687 $ 37,004 $ 13,853,619 At March 31, 2024 and December 31, 2023, reserves for unfunded loan commitments recorded in other liabilities were $2.8 million and $3.8 million, respectively. For the three months ended March 31, 2024 and 2023, the Company recorded a reduction to reserves for unfunded commitments of $1.0 million and an addition to reserves for unfunded commitments of $1.6 million, respectively. Generally, loans are placed on nonaccrual status if principal and/or interest payments become 90 days or more past due, and/or management deems the collectability of the principal and/or interest to be in question, as well as when required by regulatory requirements. Loans to customers whose financial conditions have deteriorated are considered for nonaccrual status whether or not the loan is 90 days or more past due. Generally, payments received on nonaccrual loans are recorded as principal reductions. Loans are returned to accrual status only when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company does not recognize interest income while loans are on nonaccrual status. The tables below represent the amortized cost of nonaccrual loans, as well as loans past due 90 or more days and still on accrual status, by loan segment and broken out by loans with a recorded ACL and those without a recorded ACL, at March 31, 2024 and December 31, 2023. March 31, 2024 Nonaccrual with No ACL Nonaccrual with an ACL Total Nonaccrual (1) Accruing Loans Past Due 90 Days or More (Dollars in thousands) CRE loans $ 27,273 $ 10,563 $ 37,836 $ 47,049 C&I loans 194 14,876 15,070 185 Residential mortgage loans 2,990 3,354 6,344 — Consumer and other loans — 276 276 56 Total $ 30,457 $ 29,069 $ 59,526 $ 47,290 December 31, 2023 Nonaccrual with No ACL Nonaccrual with an ACL Total Nonaccrual (1) Accruing Loans Past Due 90 Days or More (Dollars in thousands) CRE loans $ 26,724 $ 7,208 $ 33,932 $ — C&I loans 2,447 2,566 5,013 184 Residential mortgage loans 3,002 2,914 5,916 — Consumer and other loans — 343 343 77 Total $ 32,173 $ 13,031 $ 45,204 $ 261 __________________________________ (1) Total nonaccrual loans exclude the guaranteed portion of SBA loans that are in liquidation totaling $10.9 million and $11.4 million, at March 31, 2024 and December 31, 2023, respectively. The following table presents the amortized cost of collateral-dependent loans at March 31, 2024 and December 31, 2023: March 31, 2024 December 31, 2023 Real Estate Collateral Other Collateral Total Real Estate Collateral Other Collateral Total (Dollars in thousands) CRE loans $ 31,795 $ — $ 31,795 $ 29,803 $ — $ 29,803 C&I loans 194 3,694 3,888 2,447 1,708 4,155 Residential mortgage loans 2,990 — 2,990 3,002 — 3,002 Consumer and other loans — — — — — — Total $ 34,979 $ 3,694 $ 38,673 $ 35,252 $ 1,708 $ 36,960 Collateral on loans is a significant portion of what secures collateral-dependent loans and significant changes to the fair value of the collateral can potentially impact ACL. During the three months ended March 31, 2024, the Company did not have any significant changes to the extent to which collateral secured its collateral-dependent loans, due to general deterioration or from other factors. Real estate collateral securing CRE and C&I loans consisted of commercial real estate properties including hotel/motel, building, office, gas station/carwash, warehouse, and residential mortgage properties. Accrued interest receivable on loans totaled $48.7 million at March 31, 2024, and $49.3 million at December 31, 2023. The Company has elected to exclude accrued interest receivable in its estimates of expected credit losses because the Company writes off uncollectible accrued interest receivable in a timely manner. The Company considers writing off accrued interest amounts once the amounts become 90 days past due to be considered within a timely manner. The Company has elected to write off accrued interest receivable by reversing interest income. The following table presents interest income reversals, due to loans being placed on nonaccrual status, by loan segment for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 2023 (Dollars in thousands) CRE loans $ 191 $ 451 C&I loans 588 518 Residential mortgage loans 6 14 Total $ 785 $ 983 The following table presents the amortized cost of past due loans, including nonaccrual loans past due 30 or more days, by the number of days past due at March 31, 2024 and December 31, 2023, by loan segment: March 31, 2024 December 31, 2023 30-59 Days 60-89 Days 90 Days or More Total 30-59 Days 60-89 Days 90 Days or More Total (Dollars in thousands) CRE loans $ 2,814 $ 1,764 $ 61,642 $ 66,220 $ 1,999 $ 2,976 $ 10,197 $ 15,172 C&I loans 483 349 626 1,458 934 533 1,717 3,184 Residential mortgage loans — 540 1,946 2,486 1,534 — 2,339 3,873 Consumer and other loans 332 74 56 462 214 48 77 339 Total Past Due $ 3,629 $ 2,727 $ 64,270 $ 70,626 $ 4,681 $ 3,557 $ 14,330 $ 22,568 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including, but not limited to, current financial information, historical payment experience, credit documentation, public information, and current economic trends. Homogeneous loans (i.e., home mortgage loans, home equity lines of credit, overdraft loans, express business loans, and automobile loans) are not risk rated and credit risk is analyzed largely by the number of days past due. This analysis is performed at least on a quarterly basis. The definitions for risk ratings are as follows: • Pass: Loans that meet a preponderance or more of the Company’s underwriting criteria and evidence an acceptable level of risk. • Special Mention: Loans that 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 loan or of the institution’s credit position at some future date. • Substandard: Loans that are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans in this classification have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. • Doubtful: Loans that have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or repayment in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The following table presents the amortized cost basis of loans receivable by segment, risk rating, and year of origination, renewal, or major modification at March 31, 2024 and December 31, 2023. March 31, 2024 Term Loan by Year Revolving Loans Total 2024 2023 2022 2021 2020 Prior (Dollars in thousands) CRE loans Pass $ 171,109 $ 598,990 $ 2,398,974 $ 1,998,868 $ 1,188,980 $ 2,115,568 $ 76,726 $ 8,549,215 Special mention — 14,991 — 18,984 3,319 13,774 — 51,068 Substandard — — 940 26,099 32,521 47,830 — 107,390 Subtotal $ 171,109 $ 613,981 $ 2,399,914 $ 2,043,951 $ 1,224,820 $ 2,177,172 $ 76,726 $ 8,707,673 Year-to-date gross charge offs $ — $ — $ — $ — $ — $ 38 $ — $ 38 C&I loans Pass $ 454,730 $ 813,203 $ 1,087,252 $ 601,332 $ 187,564 $ 156,808 $ 483,974 $ 3,784,863 Special mention 8,760 23,833 30,931 28,699 — 14,594 57,298 164,115 Substandard 10,140 7,479 55,470 8,324 8,484 1,596 592 92,085 Subtotal $ 473,630 $ 844,515 $ 1,173,653 $ 638,355 $ 196,048 $ 172,998 $ 541,864 $ 4,041,063 Year-to-date gross charge offs $ — $ — $ 4,569 $ 29 $ — $ 21 $ — $ 4,619 Residential mortgage loans Pass $ 69,478 $ 92,651 $ 360,664 $ 259,765 $ 1,347 $ 145,531 $ — $ 929,436 Special mention — — — — — — — — Substandard — — — 853 1,836 3,910 — 6,599 Subtotal $ 69,478 $ 92,651 $ 360,664 $ 260,618 $ 3,183 $ 149,441 $ — $ 936,035 Year-to-date gross charge offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer and other loans Pass $ 3,782 $ 741 $ 539 $ 249 $ 1,788 $ 8,768 $ 18,264 $ 34,131 Special mention — — — — — — — — Substandard — — — — — 276 — 276 Subtotal $ 3,782 $ 741 $ 539 $ 249 $ 1,788 $ 9,044 $ 18,264 $ 34,407 Year-to-date gross charge offs $ — $ — $ — $ — $ — $ — $ 63 $ 63 Total loans Pass $ 699,099 $ 1,505,585 $ 3,847,429 $ 2,860,214 $ 1,379,679 $ 2,426,675 $ 578,964 $ 13,297,645 Special mention 8,760 38,824 30,931 47,683 3,319 28,368 57,298 215,183 Substandard 10,140 7,479 56,410 35,276 42,841 53,612 592 206,350 Total $ 717,999 $ 1,551,888 $ 3,934,770 $ 2,943,173 $ 1,425,839 $ 2,508,655 $ 636,854 $ 13,719,178 Total year-to-date gross charge offs $ — $ — $ 4,569 $ 29 $ — $ 59 $ 63 $ 4,720 December 31, 2023 Term Loan by Year Revolving Loans Total 2023 2022 2021 2020 2019 Prior (Dollars in thousands) CRE loans Pass $ 623,058 $ 2,429,146 $ 2,045,863 $ 1,239,654 $ 996,483 $ 1,297,295 $ 79,426 $ 8,710,925 Special mention — 2,001 15,452 2,518 5,963 5,196 — 31,130 Substandard — 1,549 7,300 2,711 2,083 42,186 — 55,829 Subtotal $ 623,058 $ 2,432,696 $ 2,068,615 $ 1,244,883 $ 1,004,529 $ 1,344,677 $ 79,426 $ 8,797,884 Year-to-date gross charge offs $ 103 $ 315 $ — $ 233 $ 355 $ 1,941 $ — $ 2,947 C&I loans Pass $ 1,107,219 $ 1,208,795 $ 683,821 $ 203,142 $ 162,815 $ 61,019 $ 479,266 $ 3,906,077 Special mention 9,743 23,413 31,388 8,597 14,614 — 60,107 147,862 Substandard 7,158 53,213 8,480 8,637 290 2,358 969 81,105 Subtotal $ 1,124,120 $ 1,285,421 $ 723,689 $ 220,376 $ 177,719 $ 63,377 $ 540,342 $ 4,135,044 Year-to-date gross charge offs $ 5,011 $ 12,323 $ 16,020 $ 128 $ 182 $ 539 $ — $ 34,203 Residential mortgage loans Pass $ 93,982 $ 365,252 $ 263,977 $ 1,356 $ 29,063 $ 123,885 $ — $ 877,515 Special mention — — — — — — — — Substandard — — 314 1,836 957 3,065 — 6,172 Subtotal $ 93,982 $ 365,252 $ 264,291 $ 3,192 $ 30,020 $ 126,950 $ — $ 883,687 Year-to-date gross charge offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer and other loans Pass $ 3,985 $ 944 $ 278 $ 2,068 $ 371 $ 8,221 $ 20,794 $ 36,661 Special mention — — — — — — — — Substandard — — — — — 343 — 343 Subtotal $ 3,985 $ 944 $ 278 $ 2,068 $ 371 $ 8,564 $ 20,794 $ 37,004 Year-to-date gross charge offs $ — $ — $ — $ — $ — $ — $ 370 $ 370 Total loans Pass $ 1,828,244 $ 4,004,137 $ 2,993,939 $ 1,446,220 $ 1,188,732 $ 1,490,420 $ 579,486 $ 13,531,178 Special mention 9,743 25,414 46,840 11,115 20,577 5,196 60,107 178,992 Substandard 7,158 54,762 16,094 13,184 3,330 47,952 969 143,449 Total $ 1,845,145 $ 4,084,313 $ 3,056,873 $ 1,470,519 $ 1,212,639 $ 1,543,568 $ 640,562 $ 13,853,619 Total year-to-date gross charge offs $ 5,114 $ 12,638 $ 16,020 $ 361 $ 537 $ 2,480 $ 370 $ 37,520 For the three months ended March 31, 2024 and the twelve months ended December 31, 2023, there were no revolving loans converted to term loans. The Company may reclassify loans held for investment to loans held for sale in the event that the Company plans to sell loans that were originated with the intent to hold to maturity. Loans transferred from held for investment to held for sale are carried at the lower of cost or fair value. The breakdown of loans by segment that were reclassified from held for investment to held for sale for the three months ended March 31, 2024 and 2023, is presented in the following table: Three Months Ended March 31, 2024 2023 Transfer of loans held for investment to held for sale (Dollars in thousands) CRE loans $ — $ 53,608 C&I loans — 108,875 Total $ — $ 162,483 The Company calculates its ACL by estimating expected credit losses on a collective basis for loans that share similar risk characteristics. Loans that do not share similar risk characteristics with other loans are evaluated for credit losses on an individual basis. The Company differentiates its loan segments based on shared risk characteristics for which allowance for credit losses is measured on a collective basis. Risk Characteristics CRE loans Property type, location, owner-occupied status C&I loans Delinquency status, risk rating, industry type Residential mortgage loans FICO score, LTV, delinquency status, maturity date, collateral value, location Consumer and other loans Historical losses The Company uses a combination of a modeled and non-modeled approach that incorporates current and future economic conditions to estimate lifetime expected losses on a collective basis. The Company uses Probability of Default (“PD”), Loss Given Default (“LGD”), and Exposure at Default (“EAD”) methodologies with quantitative factors and qualitative considerations in the calculation of the allowance for credit losses for collectively assessed loans. The Company uses a reasonable and supportable period of two years, at which point loss assumptions revert back to historical loss information by means of one-year reversion period. Included in the quantitative portion of the ACL analysis are inputs such as borrowers’ net operating income, debt coverage ratios, real estate collateral values, as well as factors that are more subjective or require management’s judgment, including key macroeconomic variables from Moody’s forecast scenarios such as GDP, unemployment rates, interest rates, and CRE prices. These key inputs are utilized in the Company’s models to develop PD and LGD assumptions used in the calculation of estimated quantitative losses. The ACL for the Company’s construction, credit card, and certain consumer loans is calculated based on a non-modeled approach that utilizes historical loss rates to estimate losses. A non-modeled approach was chosen for these loans as fewer data points exist, which could result in high levels of estimated loss volatility under a modeled approach. In the aggregate, non-modeled loans represented less than 2% of the Company’s total loan portfolio at March 31, 2024. The Company’s Economic Forecast Committee (“EFC”) reviews economic forecast scenarios that are incorporated in the Company’s ACL. The EFC reviews multiple scenarios provided to the Company by an independent third party and chooses a single scenario that best aligns with management’s expectation of future economic conditions. At March 31, 2024, the Company utilized the March 2024 consensus economic forecast scenario from Moody’s, as it best aligned with management’s expectations of future conditions. The forecast projected GDP growth of 1.4% in 2024, 2.0% for 2025, and 1.9% for 2026, with unemployment projected to be 4.1% for 2024, 4.1% for 2025, and 3.9% in 2026. CRE prices in the consensus scenario were expected to decrease initially, with the CRE price index declining -6.7% for 2024, before rebounding +6.0% for 2025 and +8.0% in 2026. The Company also utilized Moody’s December 2023 consensus economic forecast for the calculation of the December 31, 2023 ACL. In order to quantify the credit risk impact of other trends and changes within the loan portfolio, the Company utilizes qualitative adjustments to the modeled and non-modeled estimated loss approaches. The parameters for making adjustments are established under a Credit Risk Matrix that provides different possible scenarios for each of the factors below. The Credit Risk Matrix and the possible scenarios enable the Bank to qualitatively adjust the Loss Migration Ratio by as much as 25 basis points for each loan type pool. This matrix considers the following seven factors, which are patterned after the guidelines provided under the Interagency Policy Statement on the Allowance for Credit Losses, updated to reflect the adoption of CECL: • Changes in lending policies and procedures, including underwriting standards and collection, charge off, and recovery practices; • Changes in the nature and volume of the loan portfolio; • Changes in the experience, ability, and depth of lending management and staff; • Changes in the trends of the volume and severity of past due loans, classified loans, nonaccrual loans, and other loan modifications; • Changes in the quality of the loan review system and the degree of oversight by the management and the Board of Directors; • The existence and effect of any concentrations of credit, and changes in the level of such concentrations; and • The effect of external factors, such as competition, legal requirements, and regulatory requirements on the level of estimated losses in the loan portfolio. For loans that do not share similar risk characteristics such as nonaccrual loans above $1.0 million, the Company evaluates these loans on an individual basis in accordance with ASC 326. Such nonaccrual loans are considered to have different risk profiles than performing loans and are therefore evaluated individually. The Company elected to collectively assess nonaccrual loans with balances below $1.0 million along with the performing and accrual loans, in order to reduce the operational burden of individually assessing small nonaccrual loans with immaterial balances. For individually assessed loans, the ACL is measured using either 1) the present value of future cash flows discounted at the loan’s effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral, if the loan is collateral-dependent. For the collateral-dependent loans, the Company obtains a new appraisal to determine the fair value of collateral. The appraisals are based on an “as-is” valuation. To ensure that appraised values remain current, the Company either obtains updated appraisals every twelve months from a qualified independent appraiser or an internal evaluation of the collateral is performed by qualified personnel. If the third-party market data indicates that the value of the collateral property has declined since the most recent valuation date, management adjusts the value of the property downward to reflect current market conditions. If the fair value of the collateral is less than the amortized balance of the loan, the Company recognizes an ACL with a corresponding charge to the provision for credit loss on loans. The Company maintains a separate ACL for its off-balance-sheet unfunded loan commitments. The Company uses an estimated funding rate to allocate an allowance to undrawn exposures. This funding rate is used as a credit conversion factor to capture how much undrawn lines of credit can potentially become drawn at any point. The funding rate is determined based on a look-back period of eight quarters. Credit loss is not estimated for off-balance-sheet credit exposures that are unconditionally cancellable by the Company. Loan Modifications to Borrowers Experiencing Financial Difficulty In January 2023, the Company adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): TDR and Vintage Disclosures (“ASU 2022-02”), which eliminated the accounting guidance for TDR while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. The Company applied this guidance on a modified retrospective transition method, which resulted in a positive cumulative effect adjustment to retained earnings of $287 thousand, net of tax. Subsequent to the adoption of ASU 2022-02, the new guidance is applied uniformly to the Company’s entire loan portfolio when estimating expected credit losses. A summary of loans modified to borrowers experiencing financial difficulty for the period presented, disaggregated by loan class and type of modification, is shown in the tables below. Three Months Ended March 31, 2024 CRE Loans C&I Loans Residential Mortgage Loans Consumer and Other Loans Total (Dollars in thousands) Principal forgiveness $ — $ 10,140 $ — $ — $ 10,140 Interest rate reduction — — — — — Payment delay — — — — — Term extension — — — — — Total Loan Modifications $ — $ 10,140 $ — $ — $ 10,140 % of Loan Class — % 0.25 % — % — % 0.07 % There were no loans modified to borrowers experiencing financial difficulty during the three months ended March 31, 2023. The following table describes the financial effect of the loan modifications made to borrowers experiencing financial difficulty for the periods presented: Three Months Ended March 31, 2024 Modification & Loan Types Financial Effect Principal forgiveness: C&I loans Forgiveness of principal totaling $4.4 million The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. All loans that have been modified within the previous 12 months to borrowers experiencing financial difficulty were current at March 31, 2024 and 2023. There were no loan modifications to borrowers experiencing financial difficulty that had payment defaults during the three months ended March 31, 2024 and 2023, and were modified in the 12 months prior to default. |