Amortized cost of loans receivable |
The following table presents the amortized cost of loans receivable by risk grade at the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | | | | | | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted (1) | | Loans Receivable | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | | | | (In thousands) | Commercial business: | Commercial and industrial | Pass | $ | 168,818 | | | $ | 93,302 | | | $ | 82,437 | | | $ | 61,160 | | | $ | 33,957 | | | $ | 74,181 | | | $ | 146,795 | | | $ | 172 | | | $ | 660,822 | | SM | 212 | | | 109 | | | 443 | | | 4,637 | | | 362 | | | 4,447 | | | 5,433 | | | — | | | 15,643 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | | | | | | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted (1) | | Loans Receivable | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | | | SS | 773 | | | 188 | | | 1,710 | | | 3,465 | | | 559 | | | 5,098 | | | 3,674 | | | 168 | | | 15,635 | | | | | | | | | | | | | | | | | | | | Total | 169,803 | | | 93,599 | | | 84,590 | | | 69,262 | | | 34,878 | | | 83,726 | | | 155,902 | | | 340 | | | 692,100 | | SBA PPP | Pass | — | | | 1,351 | | | 117 | | | — | | | — | | | — | | | — | | | — | | | 1,468 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Owner-occupied CRE | Pass | 134,432 | | | 167,927 | | | 93,834 | | | 157,096 | | | 62,876 | | | 282,212 | | | — | | | — | | | 898,377 | | SM | — | | | 1,744 | | | — | | | — | | | 2,540 | | | 16,664 | | | — | | | 247 | | | 21,195 | | SS | — | | | — | | | 671 | | | — | | | 3,722 | | | 13,075 | | | — | | | — | | | 17,468 | | | | | | | | | | | | | | | | | | | | Total | 134,432 | | | 169,671 | | | 94,505 | | | 157,096 | | | 69,138 | | | 311,951 | | | — | | | 247 | | | 937,040 | | Non-owner occupied CRE | Pass | 240,151 | | | 189,300 | | | 160,930 | | | 258,778 | | | 121,369 | | | 561,645 | | | — | | | — | | | 1,532,173 | | SM | — | | | 8,349 | | | — | | | 4,172 | | | — | | | 12,190 | | | — | | | — | | | 24,711 | | SS | — | | | — | | | — | | | — | | | 3,627 | | | 26,121 | | | — | | | — | | | 29,748 | | | | | | | | | | | | | | | | | | | | Total | 240,151 | | | 197,649 | | | 160,930 | | | 262,950 | | | 124,996 | | | 599,956 | | | — | | | — | | | 1,586,632 | | Total commercial business | Pass | 543,401 | | | 451,880 | | | 337,318 | | | 477,034 | | | 218,202 | | | 918,038 | | | 146,795 | | | 172 | | | 3,092,840 | | SM | 212 | | | 10,202 | | | 443 | | | 8,809 | | | 2,902 | | | 33,301 | | | 5,433 | | | 247 | | | 61,549 | | SS | 773 | | | 188 | | | 2,381 | | | 3,465 | | | 7,908 | | | 44,294 | | | 3,674 | | | 168 | | | 62,851 | | | | | | | | | | | | | | | | | | | | Total | 544,386 | | | 462,270 | | | 340,142 | | | 489,308 | | | 229,012 | | | 995,633 | | | 155,902 | | | 587 | | | 3,217,240 | | Residential real estate | Pass | 132,510 | | | 149,934 | | | 24,668 | | | 16,803 | | | 4,207 | | | 15,337 | | | — | | | — | | | 343,459 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | — | | | — | | | — | | | 172 | | | — | | | — | | | 172 | | | | | | | | | | | | | | | | | | | | Total | 132,510 | | | 149,934 | | | 24,668 | | | 16,803 | | | 4,207 | | | 15,509 | | | — | | | — | | | 343,631 | | Real estate construction and land development: | Residential | Pass | 45,521 | | | 26,675 | | | 2,891 | | | 3,061 | | | 871 | | | 1,055 | | | — | | | — | | | 80,074 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and multifamily | Pass | 71,168 | | | 123,626 | | | 6,272 | | | 1,084 | | | 2,562 | | | 995 | | | — | | | — | | | 205,707 | | SM | — | | | — | | | 2,213 | | | 5,687 | | | — | | | — | | | — | | | — | | | 7,900 | | SS | — | | | — | | | — | | | 37 | | | — | | | 394 | | | — | | | — | | | 431 | | | | | | | | | | | | | | | | | | | | Total | 71,168 | | | 123,626 | | | 8,485 | | | 6,808 | | | 2,562 | | | 1,389 | | | — | | | — | | | 214,038 | | Total real estate construction and land development | Pass | 116,689 | | | 150,301 | | | 9,163 | | | 4,145 | | | 3,433 | | | 2,050 | | | — | | | — | | | 285,781 | | SM | — | | | — | | | 2,213 | | | 5,687 | | | — | | | — | | | — | | | — | | | 7,900 | | SS | — | | | — | | | — | | | 37 | | | — | | | 394 | | | — | | | — | | | 431 | | | | | | | | | | | | | | | | | | | | Total | 116,689 | | | 150,301 | | | 11,376 | | | 9,869 | | | 3,433 | | | 2,444 | | | — | | | — | | | 294,112 | | Consumer | Pass | 3,379 | | | 509 | | | 9,848 | | | 27,370 | | | 15,563 | | | 19,855 | | | 116,605 | | | 435 | | | 193,564 | | | | | | | | | | | | | | | | | | | | SS | — | | | — | | | 168 | | | 559 | | | 320 | | | 1,120 | | | 44 | | | 100 | | | 2,311 | | | | | | | | | | | | | | | | | | | | Total | 3,379 | | | 509 | | | 10,016 | | | 27,929 | | | 15,883 | | | 20,975 | | | 116,649 | | | 535 | | | 195,875 | | Loans receivable | Pass | 795,979 | | | 752,624 | | | 380,997 | | | 525,352 | | | 241,405 | | | 955,280 | | | 263,400 | | | 607 | | | 3,915,644 | | SM | 212 | | | 10,202 | | | 2,656 | | | 14,496 | | | 2,902 | | | 33,301 | | | 5,433 | | | 247 | | | 69,449 | | SS | 773 | | | 188 | | | 2,549 | | | 4,061 | | | 8,228 | | | 45,980 | | | 3,718 | | | 268 | | | 65,765 | | | | | | | | | | | | | | | | | | | | Total | $ | 796,964 | | | $ | 763,014 | | | $ | 386,202 | | | $ | 543,909 | | | $ | 252,535 | | | $ | 1,034,561 | | | $ | 272,551 | | | $ | 1,122 | | | $ | 4,050,858 | |
(1) Represents the loans receivable balance at December 31, 2022 which was converted from a revolving loan to an amortizing loan during the year ended December 31, 2022. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | | | | | | | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted (1) | | Loans Receivable | | | | 2021 | | 2020 | | 2019 | | 2018 | | 2017 | | Prior | | | | | | | (In thousands) | Commercial business: | | | Commercial and industrial | | | Pass | $ | 95,960 | | | $ | 100,193 | | | $ | 94,657 | | | $ | 54,707 | | | $ | 28,558 | | | $ | 77,294 | | | $ | 127,651 | | | $ | 1,035 | | | $ | 580,055 | | | | SM | 326 | | | 884 | | | 5,998 | | | 1,425 | | | 2,223 | | | 2,401 | | | 2,048 | | | 353 | | | 15,658 | | | | SS | 1,443 | | | 1,287 | | | 5,912 | | | 2,809 | | | 2,526 | | | 6,907 | | | 4,402 | | | 568 | | | 25,854 | | | | | | | | | | | | | | | | | | | | | | | | Total | 97,729 | | | 102,364 | | | 106,567 | | | 58,941 | | | 33,307 | | | 86,602 | | | 134,101 | | | 1,956 | | | 621,567 | | | | SBA PPP | | | Pass | 139,253 | | | 6,587 | | | — | | | — | | | — | | | — | | | — | | | — | | | 145,840 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | 139,253 | | | 6,587 | | | — | | | — | | | — | | | — | | | — | | | — | | | 145,840 | | | | Owner-occupied CRE | | | Pass | 182,742 | | | 90,609 | | | 188,380 | | | 73,714 | | | 66,039 | | | 273,518 | | | — | | | 72 | | | 875,074 | | | | SM | 264 | | | — | | | 3,079 | | | 7,521 | | | 3,937 | | | 16,724 | | | — | | | — | | | 31,525 | | | | SS | — | | | 1,332 | | | — | | | 3,787 | | | 3,014 | | | 16,418 | | | — | | | — | | | 24,551 | | | | Doubtful or Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | Total | 183,006 | | | 91,941 | | | 191,459 | | | 85,022 | | | 72,990 | | | 306,660 | | | — | | | 72 | | | 931,150 | | | | Non-owner-occupied CRE | | | Pass | 187,860 | | | 185,650 | | | 244,863 | | | 149,090 | | | 144,896 | | | 499,486 | | | — | | | — | | | 1,411,845 | | | | SM | — | | | — | | | 5,674 | | | — | | | 15,482 | | | 2,400 | | | — | | | — | | | 23,556 | | | | SS | — | | | — | | | — | | | 3,379 | | | — | | | 54,319 | | | — | | | — | | | 57,698 | | | | | | | | | | | | | | | | | | | | | | | | Total | 187,860 | | | 185,650 | | | 250,537 | | | 152,469 | | | 160,378 | | | 556,205 | | | — | | | — | | | 1,493,099 | | | | Total commercial business | | | Pass | 605,815 | | | 383,039 | | | 527,900 | | | 277,511 | | | 239,493 | | | 850,298 | | | 127,651 | | | 1,107 | | | 3,012,814 | | | | SM | 590 | | | 884 | | | 14,751 | | | 8,946 | | | 21,642 | | | 21,525 | | | 2,048 | | | 353 | | | 70,739 | | | | SS | 1,443 | | | 2,619 | | | 5,912 | | | 9,975 | | | 5,540 | | | 77,644 | | | 4,402 | | | 568 | | | 108,103 | | | | | | | | | | | | | | | | | | | | | | | | Total | 607,848 | | | 386,542 | | | 548,563 | | | 296,432 | | | 266,675 | | | 949,467 | | | 134,101 | | | 2,028 | | | 3,191,656 | | | | Residential real estate | | | Pass | 85,089 | | | 27,090 | | | 23,295 | | | 5,672 | | | 6,141 | | | 16,891 | | | — | | | — | | | 164,178 | | | | SM | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | SS | — | | | — | | | — | | | — | | | — | | | 404 | | | — | | | — | | | 404 | | | | | | | | | | | | | | | | | | | | | | | | Total | 85,089 | | | 27,090 | | | 23,295 | | | 5,672 | | | 6,141 | | | 17,295 | | | — | | | — | | | 164,582 | | | | Real estate construction and land development: | | | Residential | | | Pass | 44,892 | | | 23,728 | | | 12,266 | | | 2,921 | | | 389 | | | 1,351 | | | — | | | — | | | 85,547 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | 44,892 | | | 23,728 | | | 12,266 | | | 2,921 | | | 389 | | | 1,351 | | | — | | | — | | | 85,547 | | | | Commercial and multifamily | | | Pass | 56,448 | | | 41,616 | | | 34,117 | | | 5,794 | | | 710 | | | 1,379 | | | — | | | — | | | 140,064 | | | | SM | — | | | — | | | 68 | | | — | | | — | | | 213 | | | — | | | — | | | 281 | | | | SS | — | | | 571 | | | — | | | — | | | — | | | 420 | | | — | | | — | | | 991 | | | | | | | | | | | | | | | | | | | | | | | | Total | 56,448 | | | 42,187 | | | 34,185 | | | 5,794 | | | 710 | | | 2,012 | | | — | | | — | | | 141,336 | | | | Total real estate construction and land development | Pass | 101,340 | | | 65,344 | | | 46,383 | | | 8,715 | | | 1,099 | | | 2,730 | | | — | | | — | | | 225,611 | | | | SM | — | | | — | | | 68 | | | — | | | — | | | 213 | | | — | | | — | | | 281 | | | | SS | — | | | 571 | | | — | | | — | | | — | | | 420 | | | — | | | — | | | 991 | | | | | | | | | | | | | | | | | | | | | | | | Total | 101,340 | | | 65,915 | | | 46,451 | | | 8,715 | | | 1,099 | | | 3,363 | | | — | | | — | | | 226,883 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | | | | | | | | Term Loans Amortized Cost Basis by Origination Year | | Revolving Loans | | Revolving Loans Converted (1) | | Loans Receivable | | | | 2021 | | 2020 | | 2019 | | 2018 | | 2017 | | Prior | | | | | | Consumer | | | Pass | 1,286 | | | 15,737 | | | 46,041 | | | 29,819 | | | 15,068 | | | 13,026 | | | 108,492 | | | 120 | | | 229,589 | | | | SM | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | SS | — | | | 181 | | | 657 | | | 476 | | | 542 | | | 1,043 | | | 36 | | | 17 | | | 2,952 | | | | | | | | | | | | | | | | | | | | | | | | Total | 1,286 | | | 15,918 | | | 46,698 | | | 30,295 | | | 15,610 | | | 14,069 | | | 108,528 | | | 137 | | | 232,541 | | | | Loans receivable | | | Pass | 793,530 | | | 491,210 | | | 643,619 | | | 321,717 | | | 261,801 | | | 882,945 | | | 236,143 | | | 1,227 | | | 3,632,192 | | | | SM | 590 | | | 884 | | | 14,819 | | | 8,946 | | | 21,642 | | | 21,738 | | | 2,048 | | | 353 | | | 71,020 | | | | SS | 1,443 | | | 3,371 | | | 6,569 | | | 10,451 | | | 6,082 | | | 79,511 | | | 4,438 | | | 585 | | | 112,450 | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 795,563 | | | $ | 495,465 | | | $ | 665,007 | | | $ | 341,114 | | | $ | 289,525 | | | $ | 984,194 | | | $ | 242,629 | | | $ | 2,165 | | | $ | 3,815,662 | | | |
(1) Represents the loans receivable balance at December 31, 2021 which was converted from a revolving loan to an amortizing loan during the year ended December 31, 2021
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Amortized cost of past due loans |
The amortized cost of past due loans as of December 31, 2022 and December 31, 2021 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | 30-89 Days | | 90 Days or Greater | | Total Past Due | | Current | | Loans Receivable | | (In thousands) | Commercial business: | Commercial and industrial | $ | 586 | | | $ | 6,104 | | | $ | 6,690 | | | $ | 685,410 | | | $ | 692,100 | | SBA PPP | 236 | | | — | | | 236 | | | 1,232 | | | 1,468 | | Owner-occupied CRE | — | | | 189 | | | 189 | | | 936,851 | | | 937,040 | | Non-owner occupied CRE | — | | | — | | | — | | | 1,586,632 | | | 1,586,632 | | Total commercial business | 822 | | | 6,293 | | | 7,115 | | | 3,210,125 | | | 3,217,240 | | Residential real estate | 3,066 | | | — | | | 3,066 | | | 340,565 | | | 343,631 | | Real estate construction and land development: | Residential | — | | | — | | | — | | | 80,074 | | | 80,074 | | Commercial and multifamily | — | | | — | | | — | | | 214,038 | | | 214,038 | | Total real estate construction and land development | — | | | — | | | — | | | 294,112 | | | 294,112 | | Consumer | 1,561 | | | — | | | 1,561 | | | 194,314 | | | 195,875 | | Total | $ | 5,449 | | | $ | 6,293 | | | $ | 11,742 | | | $ | 4,039,116 | | | $ | 4,050,858 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | 30-89 Days | | 90 Days or Greater | | Total Past Due | | Current | | Loans Receivable | | (In thousands) | Commercial business: | Commercial and industrial | $ | 1,858 | | | $ | 6,821 | | | $ | 8,679 | | | $ | 612,888 | | | $ | 621,567 | | SBA PPP | 223 | | | 293 | | | 516 | | | 145,324 | | | 145,840 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | 30-89 Days | | 90 Days or Greater | | Total Past Due | | Current | | Loans Receivable | | (In thousands) | Owner-occupied CRE | 2,397 | | | 112 | | | 2,509 | | | 928,641 | | | 931,150 | | Non-owner occupied CRE | — | | | — | | | — | | | 1,493,099 | | | 1,493,099 | | Total commercial business | 4,478 | | | 7,226 | | | 11,704 | | | 3,179,952 | | | 3,191,656 | | Residential real estate | 420 | | | 10 | | | 430 | | | 164,152 | | | 164,582 | | Real estate construction and land development: | Residential | 792 | | | — | | | 792 | | | 84,755 | | | 85,547 | | Commercial and multifamily | 3,474 | | | 571 | | | 4,045 | | | 137,291 | | | 141,336 | | Total real estate construction and land development | 4,266 | | | 571 | | | 4,837 | | | 222,046 | | | 226,883 | | Consumer | 1,026 | | | — | | | 1,026 | | | 231,515 | | | 232,541 | | Total | $ | 10,190 | | | $ | 7,807 | | | $ | 17,997 | | | $ | 3,797,665 | | | $ | 3,815,662 | |
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