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Loans Held for Investment (Tables)
 6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Schedule of components of loans held for investment
The following table presents the composition of the loan portfolio for the periods indicated:
June 30,December 31,
(Dollars in thousands)20212020
Investor loans secured by real estate
CRE non-owner-occupied$2,810,233 $2,675,085 
Multifamily5,539,464 5,171,356 
Construction and land297,728 321,993 
SBA secured by real estate53,003 57,331 
Total investor loans secured by real estate8,700,428 8,225,765 
Business loans secured by real estate
CRE owner-occupied2,089,300 2,114,050 
Franchise real estate secured358,120 347,932 
SBA secured by real estate72,923 79,595 
Total business loans secured by real estate2,520,343 2,541,577 
Commercial loans
Commercial and industrial1,795,144 1,768,834 
Franchise non-real estate secured401,315 444,797 
SBA non-real estate secured13,900 15,957 
Total commercial loans2,210,359 2,229,588 
Retail loans
Single family residential157,228 232,574 
Consumer6,240 6,929 
Total retail loans163,468 239,503 
Gross loans held for investment (1)
13,594,598 13,236,433 
Allowance for credit losses for loans held for investment(232,774)(268,018)
Loans held for investment, net$13,361,824 $12,968,415 
Total unfunded loan commitments$2,345,364 $1,947,250 
Loans held for sale, at lower of cost or fair value$4,714 $601 
______________________________
(1) Includes unaccreted fair value net purchase discounts of $94.4 million and $113.8 million as of June 30, 2021 and December 31, 2020, respectively.
Summary of loan portfolio by the company's internal risk grading system
The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination, as of June 30, 2021:
Term Loans by Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
June 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied
Pass$301,013 $267,646 $477,241 $488,498 $272,907 $923,821 $9,980 $— $2,741,106 
Special mention— — 16,356 3,395 — 17,581 — — 37,332 
Substandard— — 25,834 — — 5,424 537 — 31,795 
Multifamily
Pass1,027,783 984,120 1,514,852 707,270 570,526 727,578 1,643 — 5,533,772 
Special mention— — 1,745 2,073 — — — — 3,818 
Substandard— — — 544 559 771 — — 1,874 
Construction and land
Pass36,740 97,789 93,185 35,334 8,765 25,915 — — 297,728 
SBA secured by real estate
Pass— 500 7,391 10,116 12,155 11,116 — — 41,278 
Special mention— — — — 3,038 750 — — 3,788 
Substandard— — 1,171 2,361 2,239 2,166 — — 7,937 
Total investor loans secured by real estate1,365,536 1,350,055 2,137,775 1,249,591 870,189 1,715,122 12,160 — 8,700,428 
Business loans secured by real estate
CRE owner-occupied
Pass276,707 281,668 355,162 269,806 278,179 596,013 3,053 — 2,060,588 
Special mention— — 6,086 1,741 3,043 — — — 10,870 
Substandard— — — 6,151 5,873 5,818 — — 17,842 
Franchise real estate secured
Pass59,536 44,384 71,812 54,679 79,691 47,140 — — 357,242 
Special mention— 878 — — — — — — 878 
SBA secured by real estate
Pass2,502 3,423 7,562 11,398 12,676 27,290 — — 64,851 
Special mention— — — — — 150 — — 150 
Substandard— — — 1,336 2,160 4,426 — — 7,922 
Total loans secured by business real estate338,745 330,353 440,622 345,111 381,622 680,837 3,053 — 2,520,343 
Term Loans by Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
June 30, 2021
Commercial loans
Commercial and industrial
Pass158,312 114,467 243,248 136,513 189,735 95,416 805,860 1,852 1,745,403 
Special mention— — 231 — — — 13,558 — 13,789 
Substandard— 1,940 1,231 3,334 33 2,365 27,049 — 35,952 
Franchise non-real estate secured
Pass56,892 26,322 133,288 76,113 35,506 45,833 1,512 — 375,466 
Substandard— — 2,293 4,559 17,749 1,248 — — 25,849 
SBA non-real estate secured
Pass153 413 2,167 1,469 3,557 4,060 — — 11,819 
Substandard— — 80 345 258 721 677 — 2,081 
Total commercial loans215,357 143,142 382,538 222,333 246,838 149,643 848,656 1,852 2,210,359 
Retail loans
Single family residential
Pass13,312 6,771 2,524 2,271 8,789 101,020 22,487 — 157,174 
Substandard— — — — — 54 — — 54 
Consumer loans
Pass44 39 63 23 19 3,012 2,996 — 6,196 
Substandard— — 7 — — 37 — — 44 
Total retail loans13,356 6,810 2,594 2,294 8,808 104,123 25,483 — 163,468 
Totals gross loans$1,932,994 $1,830,360 $2,963,529 $1,819,329 $1,507,457 $2,649,725 $889,352 $1,852 $13,594,598 
The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination, as of December 31, 2020:
Term Loans by Vintage
(Dollars in thousands)20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied
Pass$265,901 $541,994 $440,351 $287,580 $279,238 $791,477 $11,114 $— $2,617,655 
Special mention— — 6,669 437 2,516 29,738 — — 39,360 
Substandard— 9,732 2,045 — 516 5,218 559 — 18,070 
Multifamily
Pass1,027,644 1,677,716 899,123 665,939 354,859 531,287 420 — 5,156,988 
Special mention— 1,758 2,630 — 8,649 — — — 13,037 
Substandard— — — 559 772 — — — 1,331 
Construction and land
Pass57,309 144,759 73,313 18,625 20,531 6,672 784 — 321,993 
SBA secured by real estate
Pass— 8,306 9,029 13,418 6,305 7,696 — — 44,754 
Special mention496 1,032 1,159 1,000 373 306 — — 4,366 
Substandard— 1,220 2,959 1,091 400 2,541 — — 8,211 
Total investor loans secured by real estate1,351,350 2,386,517 1,437,278 988,649 674,159 1,374,935 12,877 — 8,225,765 
Business loans secured by real estate
CRE owner-occupied
Pass293,324 409,758 332,672 327,475 225,098 469,704 14,268 246 2,072,545 
Special mention2,190 15,917 3,802 — 4,153 201 — — 26,263 
Substandard— — 3,636 4,214 1,169 5,973 250 — 15,242 
Franchise real estate secured
Pass44,413 81,438 66,241 96,999 24,673 27,020 — — 340,784 
Special mention878 1,650 2,652 — — — — — 5,180 
Substandard— — — — 1,968 — — — 1,968 
SBA secured by real estate
Pass3,253 7,637 12,608 16,058 8,488 23,624 — — 71,668 
Special mention— — 1,200 — 137 — — — 1,337 
Substandard— — 184 1,987 1,376 3,043 — — 6,590 
Total loans secured by business real estate344,058 516,400 422,995 446,733 267,062 529,565 14,518 246 2,541,577 
Term Loans by Vintage
(Dollars in thousands)20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020
Commercial loans
Commercial and industrial
Pass127,082 260,368 159,001 210,163 51,800 82,291 801,752 9,315 1,701,772 
Special mention735 — 2,331 185 1,320 243 17,890 37 22,741 
Substandard— 3,310 2,737 610 1,333 2,446 32,858 1,027 44,321 
Franchise non-real estate secured
Pass27,607 164,025 94,494 46,174 40,829 27,745 1,361 502 402,737 
Special mention— 7,267 2,037 230 480 2,321 — — 12,335 
Substandard— 6,690 3,706 18,425 700 204 — — 29,725 
SBA non-real estate secured
Pass407 2,257 1,558 2,674 610 4,449 — 259 12,214 
Special mention— — — 1,574 — — — — 1,574 
Substandard— 83 357 282 340 400 707 — 2,169 
Total commercial loans155,831 444,000 266,221 280,317 97,412 120,099 854,568 11,140 2,229,588 
Retail loans
Single family residential
Pass10,794 7,714 13,982 14,039 33,968 124,248 27,172 — 231,917 
Substandard— — — — — 657 — — 657 
Consumer loans
Pass52 112 37 25 2 3,145 3,508 — 6,881 
Substandard— 7 — — — 41 — — 48 
Total retail loans10,846 7,833 14,019 14,064 33,970 128,091 30,680 — 239,503 
Totals gross loans$1,862,085 $3,354,750 $2,140,513 $1,729,763 $1,072,603 $2,152,690 $912,643 $11,386 $13,236,433 
The following tables present PD bands for commercial real estate and commercial loan segments of the loan portfolio as of the dates indicated.

Commercial Real Estate and Commercial Term Loans by PD and Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
June 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied
0% - 5.00%$301,013 $239,654 $425,062 $440,854 $210,727 $884,807 $4,652 $— $2,506,769 
>5.00% - 10.00%— 23,774 25,621 17,921 20,269 47,036 5,328 — 139,949 
Greater than 10%— 4,218 68,748 33,118 41,911 14,983 537 — 163,515 
Multifamily
0% - 5.00%1,004,852 934,432 1,478,289 684,846 558,666 713,963 1,643 — 5,376,691 
>5.00% - 10.00%22,931 49,688 27,569 15,354 — 7,226 — — 122,768 
Greater than 10%— — 10,739 9,687 12,419 7,160 — — 40,005 
Construction and Land
0% - 5.00%17,062 78,153 21,725 370 8,321 4,651 — — 130,282 
>5.00% - 10.00%18,948 16,774 7,211 — — — — — 42,933 
Greater than 10%730 2,862 64,249 34,964 444 21,264 — — 124,513 
SBA secured by real estate
0% - 5.00%— 500 8,460 12,477 17,432 13,694 — — 52,563 
>5.00% - 10.00%— — — — — — — — — 
Greater than 10%— — 102 — — 338 — — 440 
Total investor loans secured by real estate1,365,536 1,350,055 2,137,775 1,249,591 870,189 1,715,122 12,160 — 8,700,428 
Business loans secured by real estate
CRE owner-occupied
0% - 5.00%276,707 281,668 347,620 262,455 269,367 558,473 3,052 — 1,999,342 
>5.00% - 10.00%— — 13,628 9,092 11,854 37,540 1 — 72,115 
Greater than 10%— — — 6,151 5,874 5,818 — — 17,843 
Franchise real estate secured
0% - 5.00%59,007 36,149 71,812 50,663 78,597 43,345 — — 339,573 
>5.00% - 10.00%239 7,558 — 4,016 1,094 3,795 — — 16,702 
Greater than 10%290 1,555 — — — — — — 1,845 
SBA secured by real estate
0% - 5.00%2,502 3,423 7,492 9,903 10,132 18,318 — — 51,770 
>5.00% - 10.00%— — 70 1,495 2,532 8,972 — — 13,069 
Greater than 10%— — — 1,336 2,172 4,576 — — 8,084 
Total business loans secured by real estate338,745 330,353 440,622 345,111 381,622 680,837 3,053 — 2,520,343 
Commercial Real Estate and Commercial Term Loans by PD and Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
June 30, 2021
Commercial loans
Commercial and industrial
0% - 5.00%135,825 105,221 232,476 102,539 155,592 84,339 626,121 1,852 1,443,965 
>5.00% - 10.00%22,487 6,242 10,701 18,922 33,612 7,924 162,253 — 262,141 
Greater than 10%— 4,944 1,533 18,386 564 5,518 58,093 — 89,038 
Franchise non-real estate secured
0% - 5.00%56,293 20,482 94,203 67,224 30,596 24,823 — — 293,621 
>5.00% - 10.00%599 5,840 39,085 8,783 4,910 19,921 151 — 79,289 
Greater than 10%— — 2,293 4,665 17,749 2,337 1,361 — 28,405 
SBA not secured by real estate
0% - 5.00%153 413 2,167 990 1,159 3,385 — — 8,267 
>5.00% - 10.00%— — — 479 2,398 657 — — 3,534 
Greater than 10%— — 80 345 258 739 677 — 2,099 
Total commercial loans$215,357 $143,142 $382,538 $222,333 $246,838 $149,643 $848,656 $1,852 $2,210,359 

Commercial Real Estate and Commercial Term Loans by PD and Vintage
(Dollars in thousands)20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied
0% - 5.00%$261,885 $491,522 $431,791 $266,942 $254,527 $763,101 $11,114 $— $2,480,882 
>5.00% - 10.00%4,016 34,360 5,794 10,558 16,961 33,734 — — 105,423 
Greater than 10%— 25,844 11,480 10,517 10,782 29,598 559 — 88,780 
Multifamily
0% - 5.00%950,089 1,610,011 878,233 634,268 349,549 516,452 — — 4,938,602 
>5.00% - 10.00%38,892 59,500 12,181 19,751 10,917 13,606 — — 154,847 
Greater than 10%38,663 9,963 11,339 12,479 3,814 1,229 420 — 77,907 
Construction and land
0% - 5.00%55,785 40,860 4,604 11,238 — 6,412 784 — 119,683 
>5.00% - 10.00%1,123 41,046 9,197 3,601 — 260 — — 55,227 
Greater than 10%401 62,853 59,512 3,786 20,531 — — — 147,083 
SBA secured by real estate
0% - 5.00%496 10,400 12,558 14,497 7,078 10,032 — — 55,061 
>5.00% - 10.00%— — — 1,012 — — — — 1,012 
Greater than 10%— 158 589 — — 511 — — 1,258 
Total investor loans secured by real estate1,351,350 2,386,517 1,437,278 988,649 674,159 1,374,935 12,877 — 8,225,765 
Commercial Real Estate and Commercial Term Loans by PD and Vintage
(Dollars in thousands)20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020
Business loans secured by real estate
CRE owner-occupied
0% - 5.00%286,745 367,269 274,512 295,809 202,282 422,614 10,393 246 1,859,870 
>5.00% - 10.00%8,769 42,310 60,222 28,421 23,875 44,855 3,875 — 212,327 
Greater than 10%— 16,096 5,376 7,459 4,263 8,409 250 — 41,853 
Franchise real estate secured
0% - 5.00%37,262 79,926 65,619 96,672 19,046 22,927 — — 321,452 
>5.00% - 10.00%7,587 1,650 3,274 327 5,627 4,093 — — 22,558 
Greater than 10%442 1,512 — — 1,968 — — — 3,922 
SBA secured by real estate
0% - 5.00%3,253 7,637 11,840 15,069 5,707 18,742 — — 62,248 
>5.00% - 10.00%— — 768 989 2,780 4,882 — — 9,419 
Greater than 10%— — 1,384 1,987 1,514 3,043 — — 7,928 
Total business loans secured by real estate344,058 516,400 422,995 446,733 267,062 529,565 14,518 246 2,541,577 
Commercial loans
Commercial and industrial
0% - 5.00%70,233 205,395 99,178 193,046 36,957 62,682 394,124 5,051 1,066,666 
>5.00% - 10.00%49,883 50,743 35,813 13,427 12,922 13,948 322,123 2,469 501,328 
Greater than 10%7,701 7,540 29,078 4,485 4,574 8,350 136,253 2,859 200,840 
Franchise non-real estate secured
0% - 5.00%21,409 145,392 88,171 38,010 21,956 23,479 — 502 338,919 
>5.00% - 10.00%6,198 15,754 5,454 8,164 18,415 3,626 — — 57,611 
Greater than 10%— 16,836 6,612 18,655 1,638 3,165 1,361 — 48,267 
SBA not secured by real estate
0% - 5.00%407 2,257 910 1,078 441 2,782 — — 7,875 
>5.00% - 10.00%— — 648 1,596 169 1,652 — 259 4,324 
Greater than 10%— 83 357 1,856 340 415 707 — 3,758 
Total commercial loans$155,831 $444,000 $266,221 $280,317 $97,412 $120,099 $854,568 $11,140 $2,229,588 
The following tables summarize the amortized cost of loans in these segments by current estimated LTV and by year of origination as of the dates indicated:
Term Loans by LTV and Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
June 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied
55% and below$174,343 $134,995 $204,770 $225,932 $137,797 $661,868 $9,980 — $1,549,685 
>55-65%84,362 107,085 208,558 105,364 122,170 243,022 537 — 871,098 
>65-75%42,308 25,566 86,042 147,915 8,567 40,446 — — 350,844 
Greater than 75%— — 20,061 12,682 4,373 1,490 — — 38,606 
Multifamily
55% and below118,036 219,481 336,820 243,793 222,718 334,898 1,643 — 1,477,389 
>55-65%466,963 391,606 673,685 329,299 191,548 265,604 — — 2,318,705 
>65-75%441,401 373,033 489,754 126,306 154,960 119,559 — — 1,705,013 
Greater than 75%1,383 — 16,338 10,489 1,859 8,288 — — 38,357 
Construction and land
55% and below36,740 97,789 73,845 17,816 8,765 25,915 — — 260,870 
>55-65%— — 11,429 9,471 — — — — 20,900 
>65-75%— — 7,911 8,047 — — — — 15,958 
Greater than 75%— — — — — — — — — 
SBA secured by real estate
55% and below— — 102 641 831 2,303 — — 3,877 
>55-65%— — 2,414 1,965 3,816 2,872 — — 11,067 
>65-75%— — 3,879 4,624 3,924 5,832 — — 18,259 
Greater than 75%— 500 2,167 5,247 8,861 3,025 — — 19,800 
Total investor loans secured by real estate1,365,536 1,350,055 2,137,775 1,249,591 870,189 1,715,122 12,160 — 8,700,428 
Business loan secured by real estate
CRE owner-occupied
55% and below142,863 90,967 145,590 120,707 160,886 409,810 3,053 — 1,073,876 
>55-65%58,545 64,476 71,835 87,271 90,387 118,717 — — 491,231 
>65-75%53,750 78,611 131,250 63,894 24,207 53,691 — — 405,403 
Greater than 75%21,549 47,614 12,573 5,826 11,615 19,613 — — 118,790 
Franchise real estate secured
55% and below8,599 23,887 9,141 17,024 15,341 22,162 — — 96,154 
>55-65%27,170 2,644 11,147 10,886 10,729 9,804 — — 72,380 
>65-75%13,812 16,857 40,716 10,181 14,597 13,947 — — 110,110 
Greater than 75%9,955 1,874 10,808 16,588 39,024 1,227 — — 79,476 
SBA secured by real estate
55% and below1,642 591 1,595 1,033 5,196 16,875 — — 26,932 
>55-65%37 1,596 511 1,733 994 7,723 — — 12,594 
>65-75%643 329 3,120 5,416 4,008 3,244 — — 16,760 
Greater than 75%180 907 2,336 4,552 4,638 4,024 — — 16,637 
Total business loans secured by real estate$338,745 $330,353 $440,622 $345,111 $381,622 $680,837 $3,053 $— $2,520,343 
Term Loans by LTV and Vintage
(Dollars in thousands)20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied
55% and below$138,007 $229,272 $182,385 $136,355 $189,848 $588,230 $11,114 $— $1,475,211 
>55-65%101,434 217,210 92,015 130,024 78,470 204,161 559 — 823,873 
>65-75%26,460 102,494 169,878 18,876 13,952 29,506 — — 361,166 
Greater than 75%— 2,750 4,787 2,762 — 4,536 — — 14,835 
Multifamily
55% and below218,833 345,519 294,464 233,997 84,530 269,906 — — 1,447,249 
>55-65%381,737 731,408 381,282 215,170 152,066 189,151 420 — 2,051,234 
>65-75%427,074 583,078 215,389 215,452 127,684 66,457 — — 1,635,134 
Greater than 75%— 19,469 10,618 1,879 — 5,773 — — 37,739 
Construction and land
55% and below57,309 105,308 36,068 18,625 20,531 6,672 784 — 245,297 
>55-65%— 36,113 23,770 — — — — — 59,883 
>65-75%— 3,338 13,475 — — — — — 16,813 
Greater than 75%— — — — — — — — — 
SBA secured by real estate
55% and below— 2,066 649 673 317 778 — — 4,483 
>55-65%— 2,427 1,639 4,008 879 4,354 — — 13,307 
>65-75%— 3,897 3,882 3,482 4,519 1,884 — — 17,664 
Greater than 75%496 2,168 6,977 7,346 1,363 3,527 — — 21,877 
Total investor loans secured by real estate1,351,350 2,386,517 1,437,278 988,649 674,159 1,374,935 12,877 — 8,225,765 
Business loan secured by real estate
CRE owner-occupied
55% and below96,803 160,605 157,868 179,791 131,795 328,188 14,518 246 1,069,814 
>55-65%72,044 91,028 98,176 94,712 65,120 90,548 — — 511,628 
>65-75%71,692 152,920 79,106 43,832 31,303 31,493 — — 410,346 
Greater than 75%54,975 21,122 4,960 13,354 2,202 25,649 — — 122,262 
Franchise real estate secured
55% and below20,801 10,470 13,864 20,956 9,189 16,213 — — 91,493 
>55-65%2,689 9,955 16,001 19,102 6,855 2,333 — — 56,935 
>65-75%19,349 51,719 23,258 9,153 10,597 7,236 — — 121,312 
Greater than 75%2,452 10,944 15,770 47,788 — 1,238 — — 78,192 
SBA secured by real estate
55% and below1,825 1,626 5,332 5,495 3,615 13,582 — — 31,475 
>55-65%246 513 1,795 1,094 3,586 5,448 — — 12,682 
>65-75%264 3,142 1,515 3,968 1,586 4,043 — — 14,518 
Greater than 75%918 2,356 5,350 7,488 1,214 3,594 — — 20,920 
Total business loans secured by real estate$344,058 $516,400 $422,995 $446,733 $267,062 $529,565 $14,518 $246 $2,541,577 
The following tables present the FICO bands, at origination, for the retail segment of the loan portfolio as of the dates indicated:
Term Loans by FICO and Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
June 30, 2021
Retail loans
Single family residential
Greater than 740$13,312 $6,771 $2,524 $2,236 $4,215 $64,829 $16,092 — $109,979 
>680 - 740— — — 35 4,090 11,222 5,524 — 20,871 
>580 - 680— — — — 484 9,425 837 — 10,746 
Less than 580— — — — — 15,598 34 — 15,632 
Consumer loans
Greater than 74044 39 40 18 16 2,526 1,269 — 3,952 
>680 - 740— — 20 5 3 449 1,651 — 2,128 
>580 - 680— — 10 — — 62 54 — 126 
Less than 580— — — — — 12 22 — 34 
Total retail loans$13,356 $6,810 $2,594 $2,294 $8,808 $104,123 $25,483 $— $163,468 

Term Loans by FICO and Vintage
(Dollars in thousands)20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020
Retail loans
Single family residential
Greater than 740$10,794 $6,531 $12,679 $8,846 $28,222 $81,838 $19,588 — $168,498 
>680 - 740— 1,183 1,303 4,732 2,614 15,624 6,685 — 32,141 
>580 - 680— — — 461 3,132 7,473 864 — 11,930 
Less than 580— — — — — 19,970 35 — 20,005 
Consumer loans
Greater than 74052 69 31 22 1 2,609 2,198 — 4,982 
>680 - 740— 35 6 3 — 469 1,227 — 1,740 
>580 - 680— 15 — — 1 95 56 — 167 
Less than 580— — — — — 13 27 — 40 
Total retail loans$10,846 $7,833 $14,019 $14,064 $33,970 $128,091 $30,680 $— $239,503 
Schedule of delinquencies in the company's loan portfolio
The following tables stratify loans held for investment by delinquencies in the Company’s loan portfolio at the dates indicated:
Days Past Due
(Dollars in thousands)Current30-5960-8990+Total
June 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied$2,799,890 $— $— $10,343 $2,810,233 
Multifamily5,539,464 — — — 5,539,464 
Construction and land297,728 — — — 297,728 
SBA secured by real estate52,563 — — 440 53,003 
Total investor loans secured by real estate8,689,645 — — 10,783 8,700,428 
Business loans secured by real estate
CRE owner-occupied2,084,284 — — 5,016 2,089,300 
Franchise real estate secured358,120 — — — 358,120 
SBA secured by real estate72,473 — — 450 72,923 
Total business loans secured by real estate2,514,877 — — 5,466 2,520,343 
Commercial loans
Commercial and industrial1,792,913 29 83 2,119 1,795,144 
Franchise non-real estate secured401,315 — — — 401,315 
SBA not secured by real estate13,223 — — 677 13,900 
Total commercial loans2,207,451 29 83 2,796 2,210,359 
Retail loans
Single family residential157,050 178 — — 157,228 
Consumer loans6,240 — — — 6,240 
Total retail loans163,290 178 — — 163,468 
Totals$13,575,263 $207 $83 $19,045 $13,594,598 
  Days Past Due 
(Dollars in thousands)Current30-5960-8990+Total Gross Loans
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied$2,674,328 $— $— $757 $2,675,085 
Multifamily5,171,355 1 — — 5,171,356 
Construction and land321,993 — — — 321,993 
SBA secured by real estate56,074 — — 1,257 57,331 
Total investor loans secured by real estate8,223,750 1 — 2,014 8,225,765 
Business loans secured by real estate
CRE owner-occupied2,108,746 — — 5,304 2,114,050 
Franchise real estate secured347,932 — — — 347,932 
SBA secured by real estate78,036 486 — 1,073 79,595 
Total business loans secured by real estate2,534,714 486 — 6,377 2,541,577 
Commercial loans
Commercial and industrial1,765,451 428 57 2,898 1,768,834 
Franchise non-real estate secured444,797 — — — 444,797 
SBA not secured by real estate14,912 338 — 707 15,957 
Total commercial loans2,225,160 766 57 3,605 2,229,588 
Retail loans
Single family residential232,559 15 — — 232,574 
Consumer loans6,928 1 — — 6,929 
Total retail loans239,487 16 — — 239,503 
Totals$13,223,111 $1,269 $57 $11,996 $13,236,433 
Summary of nonaccrual loans
The following tables provide a summary of nonaccrual loans as of the dates indicated:
Nonaccrual Loans (1)
(Dollars in thousands)Collateral Dependent LoansACLNon-Collateral Dependent LoansACLTotal Nonaccrual LoansNonaccrual Loans with No ACL
June 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied$12,296 $— $— $— $12,296 $12,296 
SBA secured by real estate440 — — — 440 440 
Total investor loans secured by real estate12,736 — — — 12,736 12,736 
Business loans secured by real estate
CRE owner-occupied5,016 — — — 5,016 5,016 
SBA secured by real estate692 — — — 692 692 
Total business loans secured by real estate5,708 — — — 5,708 5,708 
Commercial loans
Commercial and industrial2,118 — 552 — 2,670 2,670 
Franchise non-real estate secured— — 12,584 — 12,584 12,584 
SBA non-real estate secured677 — — — 677 677 
Total commercial loans2,795 — 13,136 — 15,931 15,931 
Retail loans
Single family residential12 — — — 12 12 
Total retail loans12 — — — 12 12 
Total nonaccrual loans$21,251 $— $13,136 $— $34,387 $34,387 
______________________________
(1) The ACL for nonaccrual loans is determined based on a discounted cash flow methodology unless the loan is considered collateral dependent; otherwise, the ACL for collateral dependent nonaccrual loans is determined based on the estimated fair value of the underlying collateral.
Nonaccrual Loans (1)
(Dollars in thousands)Collateral Dependent LoansACLNon-Collateral Dependent LoansACLTotal Nonaccrual LoansNonaccrual Loans with No ACL
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied$2,792 $— $— $— $2,792 $2,792 
SBA secured by real estate1,257 — — — 1,257 1,257 
Total investor loans secured by real estate4,049 — — — 4,049 4,049 
Business loans secured by real estate
CRE owner-occupied6,083 — — — 6,083 6,083 
SBA secured by real estate1,143 — — — 1,143 1,143 
Total business loans secured by real estate7,226 — — — 7,226 7,226 
Commercial loans
Commercial and industrial2,040 — 1,934 126 3,974 2,733 
Franchise non-real estate secured— — 13,238 — 13,238 13,238 
SBA non-real estate secured707 — — — 707 707 
Total commercial loans2,747 — 15,172 126 17,919 16,678 
Retail loans
Single family residential15 — — — 15 15 
Total retail loans15 — — — 15 15 
Total nonaccrual loans$14,037 $— $15,172 $126 $29,209 $27,968 
______________________________
(1) The ACL for nonaccrual loans is determined based on a discounted cash flow methodology unless the loan is considered collateral dependent; otherwise, the ACL for collateral dependent nonaccrual loans is determined based on the estimated fair value of the underlying collateral.
Schedule of collateral dependent loans by collateral type
The following tables summarize collateral dependent loans by collateral type as of the dates indicated:
June 30, 2021
(Dollars in thousands)Office PropertiesIndustrial PropertiesRetail PropertiesLand PropertiesHotel PropertiesResidential PropertiesBusiness AssetsTotal
Investor loan secured by real estate
CRE non-owner-occupied$— $— $2,490 $— $9,806 $— $— $12,296 
SBA secured by real estate— — — — 440 — — 440 
Total investor loans secured by real estate— — 2,490 — 10,246 — — 12,736 
Business loans secured by real estate
CRE owner-occupied— — — 5,016 — — — 5,016 
SBA secured by real estate178 451 — — — 63 — 692 
Total business loans secured by real estate178 451 — 5,016 — 63 — 5,708 
Commercial loans
Commercial and industrial— — — 248 — 240 1,630 2,118 
SBA non-real estate secured— — — — — — 677 677 
Total commercial loans— — — 248 — 240 2,307 2,795 
Retail loans
Single family residential— — — — — 12 — 12 
Total retail loans— — — — — 12 — 12 
Total collateral dependent loans$178 $451 $2,490 $5,264 $10,246 $315 $2,307 $21,251 
December 31, 2020
(Dollars in thousands)Office PropertiesIndustrial PropertiesRetail PropertiesLand PropertiesHotel PropertiesResidential PropertiesBusiness AssetsTotal
Investor loan secured by real estate
CRE non-owner-occupied$— $— $2,594 $— $198 $— $— $2,792 
SBA secured by real estate— — — — 1,257 — — 1,257 
Total investor loans secured by real estate— — 2,594 — 1,455 — — 4,049 
Business loans secured by real estate
CRE owner-occupied— 779 — 5,304 — — — 6,083 
SBA secured by real estate288 757 — — — 98 — 1,143 
Total business loans secured by real estate288 1,536 — 5,304 — 98 — 7,226 
Commercial loans
Commercial and industrial— — — — — — 2,040 2,040 
SBA non-real estate secured— — — — — — 707 707 
Total commercial loans— — — — — — 2,747 2,747 
Retail loans
Single family residential— — — — — 15 — 15 
Total retail loans— — — — — 15 — 15 
Total collateral dependent loans$288 $1,536 $2,594 $5,304 $1,455 $113 $2,747 $14,037