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Loans Held for Investment (Tables)
 9 Months Ended
Sep. 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:
September 30,December 31,
(Dollars in thousands)20212020
Investor loans secured by real estate
CRE non-owner-occupied$2,823,065 $2,675,085 
Multifamily5,705,666 5,171,356 
Construction and land292,815 321,993 
SBA secured by real estate49,446 57,331 
Total investor loans secured by real estate8,870,992 8,225,765 
Business loans secured by real estate
CRE owner-occupied2,242,164 2,114,050 
Franchise real estate secured354,481 347,932 
SBA secured by real estate69,937 79,595 
Total business loans secured by real estate2,666,582 2,541,577 
Commercial loans
Commercial and industrial1,888,870 1,768,834 
Franchise non-real estate secured392,950 444,797 
SBA non-real estate secured12,732 15,957 
Total commercial loans2,294,552 2,229,588 
Retail loans
Single family residential144,309 232,574 
Consumer6,426 6,929 
Total retail loans150,735 239,503 
Gross loans held for investment (1)
13,982,861 13,236,433 
Allowance for credit losses for loans held for investment(211,481)(268,018)
Loans held for investment, net$13,771,380 $12,968,415 
Total unfunded loan commitments$2,504,188 $1,947,250 
Loans held for sale, at lower of cost or fair value$8,100 $601 
______________________________
(1) Includes net deferred origination fees of $3.0 million and $2.6 million, and unaccreted fair value net purchase discounts of $85.0 million and $113.8 million as of September 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 September 30, 2021:
Term Loans by Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
September 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied
Pass$565,605 $268,733 $424,397 $462,395 $219,672 $823,208 $9,599 $— $2,773,609 
Special mention— — 16,263 1,943 — — — — 18,206 
Substandard— — 25,775 — — 4,950 525 — 31,250 
Multifamily
Pass1,694,447 1,012,346 1,348,563 526,744 501,849 619,628 218 — 5,703,795 
Substandard— — — 543 556 772 — — 1,871 
Construction and land
Pass86,107 125,190 51,733 22,134 3,996 3,607 48 — 292,815 
SBA secured by real estate
Pass130 499 7,373 9,113 12,665 9,722 — — 39,502 
Special mention— — — 962 — 548 — — 1,510 
Substandard— — 9 2,353 3,170 2,902 — — 8,434 
Total investor loans secured by real estate2,346,289 1,406,768 1,874,113 1,026,187 741,908 1,465,337 10,390 — 8,870,992 
Business loans secured by real estate
CRE owner-occupied
Pass635,469 302,683 317,035 221,806 207,923 531,119 3,211 300 2,219,546 
Special mention— — 6,078 1,741 — — — — 7,819 
Substandard— — — 6,109 2,972 5,718 — — 14,799 
Franchise real estate secured
Pass97,884 43,332 59,772 44,306 66,901 42,286 — — 354,481 
SBA secured by real estate
Pass3,789 2,368 7,533 10,498 11,230 25,181 1,361 — 61,960 
Special mention— — — — — 212 — — 212 
Substandard— — — 1,326 3,000 3,439 — — 7,765 
Total loans secured by business real estate737,142 348,383 390,418 285,786 292,026 607,955 4,572 300 2,666,582 
Term Loans by Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
September 30, 2021
Commercial loans
Commercial and industrial
Pass260,359 89,545 204,683 139,560 156,915 78,951 906,369 2,059 1,838,441 
Special mention— — 189 — — — 14,629 — 14,818 
Substandard650 1,759 552 2,854 867 1,570 26,619 740 35,611 
Franchise non-real estate secured
Pass118,333 24,954 96,784 65,300 27,683 37,157 — — 370,211 
Substandard— — 2,236 4,421 14,903 1,179 — — 22,739 
SBA non-real estate secured
Pass152 653 1,424 938 3,239 3,567 — — 9,973 
Special mention— — 698 117 — — — — 815 
Substandard— — 78 338 247 617 664 — 1,944 
Total commercial loans379,494 116,911 306,644 213,528 203,854 123,041 948,281 2,799 2,294,552 
Retail loans
Single family residential
Pass20,201 3,518 1,967 1,633 6,954 86,711 23,274 — 144,258 
Substandard— — — — — 51 — — 51 
Consumer loans
Pass28 30 57 22 15 2,964 3,268 — 6,384 
Substandard— — 6 — — 36 — — 42 
Total retail loans20,229 3,548 2,030 1,655 6,969 89,762 26,542 — 150,735 
Totals gross loans$3,483,154 $1,875,610 $2,573,205 $1,527,156 $1,244,757 $2,286,095 $989,785 $3,099 $13,982,861 
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
September 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied
0% - 5.00%$530,275 $239,267 $392,557 $421,922 $198,651 $722,951 $4,270 $— $2,509,893 
>5.00% - 10.00%35,330 24,645 23,757 9,755 11,088 53,696 5,329 — 163,600 
Greater than 10%— 4,821 50,121 32,661 9,933 51,511 525 — 149,572 
Multifamily
0% - 5.00%1,660,670 962,609 1,316,575 520,329 500,815 609,731 218 — 5,570,947 
>5.00% - 10.00%28,718 49,737 31,988 6,958 1,590 8,314 — — 127,305 
Greater than 10%5,059 — — — — 2,355 — — 7,414 
Construction and Land
0% - 5.00%56,187 82,557 2,329 991 3,996 3,607 48 — 149,715 
>5.00% - 10.00%21,654 11,027 1,700 — — — — — 34,381 
Greater than 10%8,266 31,606 47,704 21,143 — — — — 108,719 
SBA secured by real estate
0% - 5.00%130 499 7,373 12,428 15,206 12,834 — — 48,470 
>5.00% - 10.00%— — — — — — — — — 
Greater than 10%— — 9 — 629 338 — — 976 
Total investor loans secured by real estate2,346,289 1,406,768 1,874,113 1,026,187 741,908 1,465,337 10,390 — 8,870,992 
Business loans secured by real estate
CRE owner-occupied
0% - 5.00%635,469 302,683 315,267 215,974 201,190 499,308 3,211 300 2,173,402 
>5.00% - 10.00%— — 7,846 7,573 6,733 31,811 — — 53,963 
Greater than 10%— — — 6,109 2,972 5,718 — — 14,799 
Franchise real estate secured
0% - 5.00%95,937 43,332 55,621 39,053 61,591 37,696 — — 333,230 
>5.00% - 10.00%812 — 4,151 5,253 5,310 4,590 — — 20,116 
Greater than 10%1,135 — — — — — — — 1,135 
SBA secured by real estate
0% - 5.00%3,789 2,368 6,237 9,605 8,900 16,909 — — 47,808 
>5.00% - 10.00%— — 1,296 893 2,318 8,273 — — 12,780 
Greater than 10%— — — 1,326 3,012 3,650 1,361 — 9,349 
Total business loans secured by real estate737,142 348,383 390,418 285,786 292,026 607,955 4,572 300 2,666,582 
Commercial Real Estate and Commercial Term Loans by PD and Vintage
(Dollars in thousands)20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
September 30, 2021
Commercial loans
Commercial and industrial
0% - 5.00%253,639 87,252 196,671 118,678 128,879 69,707 764,279 2,055 1,621,160 
>5.00% - 10.00%6,720 2,293 8,012 20,835 27,760 8,438 140,001 4 214,063 
Greater than 10%650 1,759 741 2,901 1,143 2,376 43,337 740 53,647 
Franchise non-real estate secured
0% - 5.00%108,905 19,246 63,233 59,636 22,735 15,697 — — 289,452 
>5.00% - 10.00%9,159 5,708 33,550 5,594 3,483 18,536 — — 76,030 
Greater than 10%269 — 2,237 4,491 16,368 4,103 — — 27,468 
SBA not secured by real estate
0% - 5.00%152 653 1,215 633 1,008 2,421 — — 6,082 
>5.00% - 10.00%— — 209 305 2,231 1,137 — — 3,882 
Greater than 10%— — 776 455 247 626 664 — 2,768 
Total commercial loans$379,494 $116,911 $306,644 $213,528 $203,854 $123,041 $948,281 $2,799 $2,294,552 

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
September 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied
55% and below$291,909 $142,444 $188,747 $208,825 $127,768 $589,484 $9,599 — $1,558,776 
>55-65%220,116 89,488 193,461 104,301 79,960 204,683 525 — 892,534 
>65-75%53,580 36,801 64,165 146,402 8,118 32,513 — — 341,579 
Greater than 75%— — 20,062 4,810 3,826 1,478 — — 30,176 
Multifamily
55% and below260,469 219,510 314,269 211,795 207,913 299,265 218 — 1,513,439 
>55-65%719,640 421,994 580,084 229,609 158,927 226,977 — — 2,337,231 
>65-75%703,894 367,815 442,661 85,883 133,716 85,918 — — 1,819,887 
Greater than 75%10,444 3,027 11,549 — 1,849 8,240 — — 35,109 
Construction and land
55% and below82,458 120,912 42,774 4,183 3,996 3,607 48 — 257,978 
>55-65%— 4,278 6,630 17,951 — — — — 28,859 
>65-75%3,649 — 2,329 — — — — — 5,978 
Greater than 75%— — — — — — — — — 
SBA secured by real estate
55% and below— — 9 637 695 2,177 — — 3,518 
>55-65%— — 2,407 1,958 1,910 2,853 — — 9,128 
>65-75%130 — 3,870 4,606 4,461 5,544 — — 18,611 
Greater than 75%— 499 1,096 5,227 8,769 2,598 — — 18,189 
Total investor loans secured by real estate2,346,289 1,406,768 1,874,113 1,026,187 741,908 1,465,337 10,390 — 8,870,992 
Business loan secured by real estate
CRE owner-occupied
55% and below296,313 108,338 123,527 100,865 139,455 383,599 3,211 300 1,155,608 
>55-65%161,368 73,789 66,407 70,311 46,314 99,171 — — 517,360 
>65-75%126,160 87,909 123,495 52,679 16,909 37,740 — — 444,892 
Greater than 75%51,628 32,647 9,684 5,801 8,217 16,327 — — 124,304 
Franchise real estate secured
55% and below17,039 23,695 9,052 12,776 14,889 19,988 — — 97,439 
>55-65%39,872 2,622 11,055 10,137 4,804 10,129 — — 78,619 
>65-75%23,262 15,150 36,521 8,632 15,563 10,951 — — 110,079 
Greater than 75%17,711 1,865 3,144 12,761 31,645 1,218 — — 68,344 
SBA secured by real estate
55% and below2,547 591 1,897 1,127 5,146 14,667 1,361 — 27,336 
>55-65%186 556 199 1,513 1,306 7,513 — — 11,273 
>65-75%703 328 3,111 5,254 4,104 3,586 — — 17,086 
Greater than 75%353 893 2,326 3,930 3,674 3,066 — — 14,242 
Total business loans secured by real estate$737,142 $348,383 $390,418 $285,786 $292,026 $607,955 $4,572 $300 $2,666,582 
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
September 30, 2021
Retail loans
Single family residential
Greater than 740$20,201 $3,518 $1,967 $1,599 $3,319 $53,609 $17,213 — $101,426 
>680 - 740— — — 34 3,172 9,756 5,271 — 18,233 
>580 - 680— — — — 453 9,301 757 — 10,511 
Less than 580— — — — 10 14,096 33 — 14,139 
Consumer loans
Greater than 74027 30 37 22 12 2,500 1,325 — 3,953 
>680 - 7401 — 19 — 3 441 1,876 — 2,340 
>580 - 680— — 7 — — 59 49 — 115 
Less than 580— — — — — — 18 — 18 
Total retail loans$20,229 $3,548 $2,030 $1,655 $6,969 $89,762 $26,542 $— $150,735 

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
September 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied$2,812,797 $— $— $10,268 $2,823,065 
Multifamily5,705,666 — — — 5,705,666 
Construction and land292,815 — — — 292,815 
SBA secured by real estate48,470 — 629 347 49,446 
Total investor loans secured by real estate8,859,748 — 629 10,615 8,870,992 
Business loans secured by real estate
CRE owner-occupied2,237,186 — — 4,978 2,242,164 
Franchise real estate secured354,481 — — — 354,481 
SBA secured by real estate69,496 — — 441 69,937 
Total business loans secured by real estate2,661,163 — — 5,419 2,666,582 
Commercial loans
Commercial and industrial1,886,386 654 14 1,816 1,888,870 
Franchise non-real estate secured392,950 — — — 392,950 
SBA not secured by real estate11,701 74 293 664 12,732 
Total commercial loans2,291,037 728 307 2,480 2,294,552 
Retail loans
Single family residential144,309 — — — 144,309 
Consumer loans6,426 — — — 6,426 
Total retail loans150,735 — — — 150,735 
Totals$13,962,683 $728 $936 $18,514 $13,982,861 
  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
September 30, 2021
Investor loans secured by real estate
CRE non-owner-occupied$12,179 $571 $— $— $12,179 $4,563 
SBA secured by real estate976 — — — 976 976 
Total investor loans secured by real estate13,155 571 — — 13,155 5,539 
Business loans secured by real estate
CRE owner-occupied4,978 — — — 4,978 4,978 
SBA secured by real estate604 — — — 604 604 
Total business loans secured by real estate5,582 — — — 5,582 5,582 
Commercial loans
Commercial and industrial1,816 — 443 — 2,259 2,259 
Franchise non-real estate secured1,086 — 12,333 — 13,419 13,419 
SBA non-real estate secured664 — — — 664 664 
Total commercial loans3,566 — 12,776 — 16,342 16,342 
Retail loans
Single family residential11 — — — 11 11 
Total retail loans11 — — — 11 11 
Total nonaccrual loans$22,314 $571 $12,776 $— $35,090 $27,474 
______________________________
(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 $27,968 
______________________________
(1) The ACL for nonaccrual loans is determined based on a discounted cash flow methodology unless the loan is considered collateral dependent; otherwise, the ACL for collateral dependent nonaccrual loans is determined based on the estimated fair value of the underlying collateral.
Schedule of collateral dependent loans by collateral type
The following tables summarize collateral dependent loans by collateral type as of the dates indicated:
September 30, 2021
(Dollars in thousands)Office PropertiesIndustrial PropertiesRetail PropertiesLand PropertiesHotel PropertiesResidential PropertiesBusiness AssetsTotal
Investor loan secured by real estate
CRE non-owner-occupied$— $— $2,437 $— $9,742 $— $— $12,179 
SBA secured by real estate— — — — 976 — — 976 
Total investor loans secured by real estate— — 2,437 — 10,718 — — 13,155 
Business loans secured by real estate
CRE owner-occupied— — — 4,978 — — — 4,978 
SBA secured by real estate163 441 — — — — — 604 
Total business loans secured by real estate163 441 — 4,978 — — — 5,582 
Commercial loans
Commercial and industrial— — — 246 — 240 1,330 1,816 
Franchise non-real estate secured— — — — — — 1,086 1,086 
SBA non-real estate secured— — — — — — 664 664 
Total commercial loans— — — 246 — 240 3,080 3,566 
Retail loans
Single family residential— — — — — 11 — 11 
Total retail loans— — — — — 11 — 11 
Total collateral dependent loans$163 $441 $2,437 $5,224 $10,718 $251 $3,080 $22,314 
December 31, 2020
(Dollars in thousands)Office PropertiesIndustrial PropertiesRetail PropertiesLand PropertiesHotel PropertiesResidential PropertiesBusiness AssetsTotal
Investor loan secured by real estate
CRE non-owner-occupied$— $— $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