科默斯银行 2025年季度报告

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United latest audited consolidated financial statements and notes thereto. Major classifications within the Company’s held for investment loan portfolio at March31, 2025 and December31, 2024 are as (In thousands)March 31, 2025December 31, 2024Commercial:$6,239,276$Real estate – construction and land1,419,572Real estate – business3,628,635 $17,379,421$17,220,103Accrued interest receivable totaled $66.2million and $70.6million at March31, 2025 and December31, 2024, respectively, and was At March31, 2025, loans of $3.3billion were pledged at the Federal Home Loan Bank as collateral for borrowings and letters ofcredit obtained to secure public deposits. Additional loans of $2.6billion were pledged at the Federal Reserve Bank as collateral for discount window borrowings. variables including GDP, disposable income, various interest rates, unemployment rate, consumer price index (CPI) inflation rate, housingprice index (HPI), commercial real estate price index (CREPI) and market volatility. The adjustments are based on results from variousregression models projecting the impact of the macroeconomic variables to loss rates. The forecast is used for a reasonable andsupportable period before reverting back to historical averages using a straight-line method. The forecast-adjusted loss rate is applied tothe amortized cost of loans over the remaining contractual lives, adjusted for expected prepayments. The contractual term excludes determined by estimating future cash flows expected to be received from customers until payments have been fully allocated tooutstanding balances. Additionally, the allowance for credit losses considers other qualitative factors not included in historical loss ratesor macroeconomic forecast such as changes in portfolio composition, underwriting practices, or significant unique events or conditions. credit losses at March31, 2025 and December31, 2024 are discussed below. more than triple from March 31, 2025•Federal worker layoffs cause slight increase inunemploymentunemployment rate lowerReasonable and supportableperiod and related reversion•Reasonable and supportable period of one year•Reversion to historical average loss rates within•Reasonable and supportable period of one year•Reversion to historical average loss rates within A summary of the activity in the allowance for credit losses on loans and the liability for unfunded lending commitments for the threemonths ended March 31, 2025 and 2024, respectively, follows: For the Three Months Ended March31, 2025 (In thousands)CommercialBankingALLOWANCE FOR CREDIT LOSSES ON LOANSBalance at beginning of period$106,769$55,973$ Loans charged off72612,567Less recoveries on loans3032,184Net loan charge-offs (recoveries)42310,383 COMMITMENTS$123,747$61,611$For the Three Months Ended March31, 2024 CommercialBankingALLOWANCE FOR CREDIT LOSSES ON LOANS Real estate – personal3,021,01725,26710,8851,0262,029,11540,3983,610—Revolving home equity351,0562,7988191,977 $419,931$1,273,288$838,520$565,125$372,791$457,180$2,087,293$6,014,128 Total Business:Gross write-offs for the three months ended March 31, 2025$—$—$—$—$—$—$326$Real estate-constructionRisk Rating:$99,421$358,930$487,381$402,951$22,518$3,742$28,632$1,403,575Special mention———12,953———Substandard—2362,588————Non-accrual—220—————Total Real estate-construction:$99,421$359,386$489,969$415,904$22,518$3,742$28,632$1,419,572 Gross write-offs for the three monthsended March 31, 2025$—$—$400$—$—$—$—$Commercial loans Substandard—3,56746,07147,03226,62575,79887,559Non-accrual—2212,9944181,32614,678—Total Commercial loans:$673,166$2,371,553$1,930,094$1,793,043$872,086$1,227,949$2,419,592$11,287,483Gross write-offs for the three months The following tables summarize the financial impact of loan modifications and payment deferrals during the three months ended March 31, 2025 and March31, 2024. additional funds to borrowers experiencing financial difficulty and for whom the Company has modified the terms of loans in the form ofan interest rate reduction; an other-than-insignificant payment delay; forgiveness of principal, interest, or fees; or a term extension during The following tables provide the amortized cost basis at March31, 2025 of loans to borrowers experiencing financial difficulty thathad a payment default during the three months ended March 31, 2025 and were modified within the 12 months preceding the paymentdefault, as well as the amortized cost basis at March31, 2024 of loans to borrowers experiencing financial difficulty that had a paymentdefault during the three months ended March 31, 2024 and had been modified within the 12 months preceding the payment default. Forpurposes of this disclosure, the Company considers "default" to mean90days or more past due as to interest or principal. Commercial:Real estate – business$14,667$—$—$—$Personal Banking