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Subsequent Events
9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events
Note 10. Subsequent Events
On October 16, 2020, the Company completed the sale of $25.4 million in commercial loans. These loans were considered non-performing held-for-sale and were carried at market value at September 30, 2020. An additional loss of $92,000 was recorded in the fourth quarter associated with this transaction.
On October 29, 2020, the Company completed the sale of $298.1 million in PPP loans. These loans were considered held-for-sale and were carried at amortized cost at September 30, 2020. The Company recognized a net gain of $5.1 million in the fourth quarter associated with this transaction.