v3.24.2
Financial Instruments with Off-Balance Sheet Risk
6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
Financial Instruments with Off-Balance Sheet Risk Financial Instruments with Off-Balance Sheet Risk
The table below presents the Company’s financial instruments with off-balance sheet risk, as well as the activity in the allowance for off-balance sheet credit losses related to those financial instruments.
(in thousands)CommercialMortgage
Finance
Commercial
Real Estate
ConsumerTotal
Six Months Ended June 30, 2024
Beginning balance$36,040 $6 $10,147 $169 $46,362 
Provision for off-balance sheet credit losses1,222 23 (2,363)75 (1,043)
Ending balance$37,262 $29 $7,784 $244 $45,319 
Six Months Ended June 30, 2023
Beginning balance$16,550 $— $5,222 $21 $21,793 
Provision for off-balance sheet credit losses17,187 — 5,693 97 22,977 
Ending balance$33,737 $— $10,915 $118 $44,770 
(in thousands)June 30, 2024December 31, 2023
Commitments to extend credit - period end balance$8,934,459 $9,749,085 
Standby letters of credit - period end balance518,824 595,079