LOANS AND LEASES

Our loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired non-impaired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.

Prior to January 1, 2018, our loan and lease portfolio consisted of Non-PCI loans and leases and PCI loans. Non-PCI loans and leases were those we originated or those we acquired that were not credit impaired at the dates of acquisition. PCI loans were purchased loans for which there was, at the acquisition date, evidence of credit deterioration since their origination and for which it was probable that collection of all contractually required payments was unlikely. As our gross PCI loan portfolio represented less than 0.4% of total loans as of the end of 2017, beginning in 2018 the PCI loans were accounted for as Non-PCI loans. Accordingly, in the credit quality tables below under "Loans and leases held for investment," amounts related to the 2018 period are for total loans and leases, and amounts related to the 2017 period are for Non-PCI loans and leases.

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases held for investment as of the dates indicated:



	June 30, 2018			December 31, 2017
	Total			Non-PCI						Total
	Loans			Loans			PCI			Loans
	and Leases			and Leases			Loans			and Leases
	(In thousands)
Real estate mortgage	$	7,581,962		$	7,815,355		$	53,658		$	7,869,013
Real estate construction and land	1,896,969			1,611,287			—			1,611,287
Commercial	7,089,887			7,137,978			4,158			7,142,136
Consumer	378,684			409,551			234			409,785
Gross loans and leases held for investment	16,947,502			16,974,171			58,050			17,032,221
Deferred fees, net	(62,310		)	(59,464		)	(14		)	(59,478		)
Loans and leases held for investment,
net of deferred fees	16,885,192			16,914,707			58,036			16,972,743
Allowance for loan and lease losses	(132,139		)	(133,012		)	(6,444		)	(139,456		)
Total loans and leases held for
investment, net	$	16,753,053		$	16,781,695		$	51,592		$	16,833,287

The following tables present an aging analysis of our loans and leases held for investment, net of deferred fees, by portfolio segment and class as of the dates indicated:



	June 30, 2018
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	3,497	$	10,377	$	13,874	$	4,996,806	$	5,010,680
Residential	3,362		445		3,807		2,551,887		2,555,694
Total real estate mortgage	6,859		10,822		17,681		7,548,693		7,566,374
Real estate construction and land:
Commercial	—		—		—		831,462		831,462
Residential	5,969		—		5,969		1,036,595		1,042,564
Total real estate construction and land	5,969		—		5,969		1,868,057		1,874,026
Commercial:
Asset-based	—		662		662		3,183,638		3,184,300
Venture capital	—		1,534		1,534		2,006,671		2,008,205
Other commercial	2,363		3,876		6,239		1,867,368		1,873,607
Total commercial	2,363		6,072		8,435		7,057,677		7,066,112
Consumer	75		28		103		378,577		378,680
Total	$	15,266	$	16,922	$	32,188	$	16,853,004	$	16,885,192



	December 31, 2017
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	29,070	$	9,107	$	38,177	$	5,323,310	$	5,361,487
Residential	6,999		2,022		9,021		2,428,483		2,437,504
Total real estate mortgage	36,069		11,129		47,198		7,751,793		7,798,991
Real estate construction and land:
Commercial	—		—		—		769,075		769,075
Residential	2,081		—		2,081		820,073		822,154
Total real estate construction and land	2,081		—		2,081		1,589,148		1,591,229
Commercial:
Asset-based	344		690		1,034		2,923,837		2,924,871
Venture capital	6,533		760		7,293		2,115,418		2,122,711
Other commercial	2,846		1,586		4,432		2,062,906		2,067,338
Total commercial	9,723		3,036		12,759		7,102,161		7,114,920
Consumer	562		—		562		409,005		409,567
Total ⁽¹⁾	$	48,435	$	14,165	$	62,600	$	16,852,107	$	16,914,707

________________________


(1)	Excludes loans held for sale carried at lower of cost or fair value and PCI loans.

It is our policy to discontinue accruing interest when principal or interest payments are past due 90 days or more (unless the loan is both well secured and in the process of collection) or when, in the opinion of management, there is a reasonable doubt as to the collectability of a loan or lease in the normal course of business. Interest income on nonaccrual loans is recognized only to the extent cash is received and the principal balance of the loan is deemed collectable.

The following table presents our nonaccrual and performing loans and leases held for investment, net of deferred fees, by portfolio segment and class as of the dates indicated:



	June 30, 2018						December 31, 2017 ⁽¹⁾
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	33,105	$	4,977,575	$	5,010,680	$	65,563	$	5,295,924	$	5,361,487
Residential	3,527		2,552,167		2,555,694		3,350		2,434,154		2,437,504
Total real estate mortgage	36,632		7,529,742		7,566,374		68,913		7,730,078		7,798,991
Real estate construction and land:
Commercial	—		831,462		831,462		—		769,075		769,075
Residential	10,450		1,032,114		1,042,564		—		822,154		822,154
Total real estate construction and land	10,450		1,863,576		1,874,026		—		1,591,229		1,591,229
Commercial:
Asset-based	29,677		3,154,623		3,184,300		33,553		2,891,318		2,924,871
Venture capital	27,940		1,980,265		2,008,205		29,424		2,093,287		2,122,711
Other commercial	8,782		1,864,825		1,873,607		23,874		2,043,464		2,067,338
Total commercial	66,399		6,999,713		7,066,112		86,851		7,028,069		7,114,920
Consumer	264		378,416		378,680		20		409,547		409,567
Total	$	113,745	$	16,771,447	$	16,885,192	$	155,784	$	16,758,923	$	16,914,707

________________________

(1) Excludes loans held for sale carried at lower of cost or fair value and PCI loans.

At June 30, 2018, nonaccrual loans and leases totaled $113.7 million and included $16.9 million of loans and leases 90 or more days past due, $3.4 million of loans and leases 30 to 89 days past due, and $93.4 million of loans and leases current with respect to contractual payments that were placed on nonaccrual status based on management’s judgment regarding their collectability. Nonaccrual loans and leases totaled $155.8 million at December 31, 2017, including $14.2 million of the loans and leases 90 or more days past due, $3.2 million of loans and leases 30 to 89 days past due, and $138.4 million of current loans and leases that were placed on nonaccrual status based on management’s judgment regarding their collectability.

As of June 30, 2018, our ten largest loan relationships on nonaccrual status had an aggregate carrying value of $81.5 million and represented 71.6% of total nonaccrual loans and leases.

The following table presents the credit risk rating categories for loans and leases held for investment, net of deferred fees, by portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful.



	June 30, 2018
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	71,030	$	243,045	$	4,696,605	$	5,010,680
Residential	11,453		2,167		2,542,074		2,555,694
Total real estate mortgage	82,483		245,212		7,238,679		7,566,374
Real estate construction and land:
Commercial	448		3,807		827,207		831,462
Residential	10,450		23,032		1,009,082		1,042,564
Total real estate construction and land	10,898		26,839		1,836,289		1,874,026
Commercial:
Asset-based	35,429		67,628		3,081,243		3,184,300
Venture capital	54,219		99,485		1,854,501		2,008,205
Other commercial	52,829		66,615		1,754,163		1,873,607
Total commercial	142,477		233,728		6,689,907		7,066,112
Consumer	434		1,069		377,177		378,680
Total	$	236,292	$	506,848	$	16,142,052	$	16,885,192



	December 31, 2017 ⁽¹⁾
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	93,795	$	122,488	$	5,145,204	$	5,361,487
Residential	8,425		4,582		2,424,497		2,437,504
Total real estate mortgage	102,220		127,070		7,569,701		7,798,991
Real estate construction and land:
Commercial	—		—		769,075		769,075
Residential	—		619		821,535		822,154
Total real estate construction and land	—		619		1,590,610		1,591,229
Commercial:
Asset-based	51,000		37,256		2,836,615		2,924,871
Venture capital	49,671		114,210		1,958,830		2,122,711
Other commercial	75,251		21,883		1,970,204		2,067,338
Total commercial	175,922		173,349		6,765,649		7,114,920
Consumer	263		1,130		408,174		409,567
Total	$	278,405	$	302,168	$	16,334,134	$	16,914,707

________________________

(1) Excludes loans held for sale carried at lower of cost or fair value and PCI loans.

In addition to our internal risk rating process, our federal and state banking regulators, as an integral part of their examination process, periodically review the Company’s loan and lease risk rating classifications. Our regulators may require the Company to recognize rating downgrades based on their judgments related to information available to them at the time of their examinations. Risk rating downgrades generally result in increases in the provisions for credit losses and the allowance for credit losses.

Nonaccrual loans and leases and performing TDRs are considered impaired for reporting purposes. TDRs are a result of rate reductions, term extensions, fee concessions, and debt forgiveness, or a combination thereof.

The following table presents the composition of our impaired loans and leases held for investment, net of deferred fees, by portfolio segment as of the dates indicated:



	June 30, 2018						December 31, 2017 ⁽¹⁾
					Total						Total
	Nonaccrual				Impaired		Nonaccrual				Impaired
	Loans				Loans		Loans				Loans
	and		Performing		and		and		Performing		and
	Leases		TDRs		Leases		Leases		TDRs		Leases
	(In thousands)
Real estate mortgage	$	36,632	$	50,500	$	87,132	$	68,913	$	47,560	$	116,473
Real estate construction and land	10,450		5,549		15,999		—		5,690		5,690
Commercial	66,399		1,982		68,381		86,851		3,488		90,339
Consumer	264		117		381		20		100		120
Total	$	113,745	$	58,148	$	171,893	$	155,784	$	56,838	$	212,622

________________________

(1) Excludes loans held for sale carried at lower of cost or fair value and PCI loans.

The following tables present information regarding our impaired loans and leases held for investment, net of deferred fees, by portfolio segment and class as of and for the dates indicated:



	June 30, 2018						December 31, 2017 ⁽¹⁾
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
Impaired Loans and Leases	Investment		Balance		Allowance		Investment		Balance		Allowance
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	7,786	$	7,687	$	248	$	15,750	$	16,548	$	628
Residential	2,419		2,424		224		2,787		2,957		342
Commercial:
Venture capital	26,181		27,429		7,120		16,565		17,203		4,267
Other commercial	1,360		1,360		1,360		20,404		29,951		8,368
Consumer	—		—		—		100		100		16
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	68,610	$	88,748			$	93,827	$	105,923
Residential	8,317		10,845				4,109		4,481
Real estate construction and land:
Commercial	5,549		5,552				5,690		5,689
Residential	10,450		11,074				—		—
Commercial:
Asset-based	29,677		56,650				33,553		54,911
Venture capital	2,800		28,496				14,534		40,029
Other commercial	8,363		28,392				5,283		9,351
Consumer	381		543				20		93
Total Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	87,132	$	109,704	$	472	$	116,473	$	129,909	$	970
Real estate construction and land	15,999		16,626		—		5,690		5,689		—
Commercial	68,381		142,327		8,480		90,339		151,445		12,635
Consumer	381		543		—		120		193		16
Total	$	171,893	$	269,200	$	8,952	$	212,622	$	287,236	$	13,621

________________________

(1) Excludes loans held for sale carried at lower of cost or fair value and PCI loans.



	Three Months Ended June 30,
	2018				2017
	Weighted		Interest		Weighted		Interest
	Average		Income		Average		Income
Impaired Loans and Leases	Balance⁽¹⁾		Recognized		Balance⁽¹⁾		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	7,786	$	103	$	17,591	$	214
Residential	2,419		21		3,253		14
Commercial:
Asset-based	—		—		202		—
Venture capital	18,449		—		11,400		—
Other commercial	688		—		34,065		34
Consumer	—		—		239		2
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	58,733	$	725	$	90,778	$	742
Residential	8,293		44		5,365		15
Real estate construction and land:
Commercial	5,549		93		5,840		70
Residential	10,450		—		—		—
Commercial:
Asset-based	29,677		—		30,925		—
Venture capital	2,800		—		6,045		—
Other commercial	8,508		335		12,594		27
Consumer	355		2		120		—
Total Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	77,231	$	893	$	116,987	$	985
Real estate construction and land	15,999		93		5,840		70
Commercial	60,122		335		95,231		61
Consumer	355		2		359		2
Total	$	153,707	$	1,323	$	218,417	$	1,118

_________________________


(1)	For loans and leases reported as impaired at June 30, 2018 and 2017, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.



	Six Months Ended June 30,
	2018				2017
	Weighted		Interest		Weighted		Interest
	Average		Income		Average		Income
Impaired Loans and Leases	Balance⁽¹⁾		Recognized		Balance⁽¹⁾		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	7,786	$	204	$	17,591	$	425
Residential	2,419		42		3,252		27
Commercial:
Asset-based	—		—		101		—
Venture capital	15,715		—		6,900		—
Other commercial	346		—		33,770		63
Consumer	—		—		213		4
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	55,214	$	1,378	$	89,107	$	1,289
Residential	8,277		88		5,334		29
Real estate construction and land:
Commercial	5,549		184		5,840		140
Residential	5,254		—		—		—
Commercial:
Asset-based	29,677		—		30,756		—
Venture capital	2,645		—		4,276		—
Other commercial	7,946		1,377		9,488		44
Consumer	341		4		120		—
Total Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	73,696	$	1,712	$	115,284	$	1,770
Real estate construction and land	10,803		184		5,840		140
Commercial	56,329		1,377		85,291		107
Consumer	341		4		333		4
Total	$	141,169	$	3,277	$	206,748	$	2,021

_________________________


(1)	For loans and leases reported as impaired at June 30, 2018 and 2017, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.

The following table presents our troubled debt restructurings of loans held for investment by portfolio segment and class for the periods indicated:



	Three Months Ended June 30,
	2018					2017
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number	Recorded		Recorded		Number	Recorded		Recorded
Troubled Debt Restructurings	of Loans	Investment		Investment		of Loans	Investment		Investment
	(Dollars in thousands)
Real estate mortgage:
Commercial	—	$	—	$	—	3	$	1,465	$	1,465
Residential	3	1,704		645		3	720		437
Real estate construction and land:
Residential	—	—		—		1	362		—
Commercial:
Asset-based	—	—		—		2	665		665
Venture capital	4	5,236		5,236		2	92		92
Other commercial	2	31		31		8	17,288		17,289
Consumer	1	27		27		—	—		—
Total	10	$	6,998	$	5,939	19	$	20,592	$	19,948



	Six Months Ended June 30,
	2018					2017
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number	Recorded		Recorded		Number	Recorded		Recorded
Troubled Debt Restructurings	of Loans	Investment		Investment		of Loans	Investment		Investment
	(Dollars in thousands)
Real estate mortgage:
Commercial	—	$	—	$	—	4	$	1,529	$	1,465
Residential	3	1,704		645		5	762		479
Real estate construction and land:
Residential	—	—		—		1	362		—
Commercial:
Asset-based	—	—		—		2	665		665
Venture capital	4	5,236		5,236		5	13,157		13,157
Other commercial	4	11,814		11,814		12	18,007		18,008
Consumer	1	27		27		1	97		97
Total	12	$	18,781	$	17,722	30	$	34,579	$	33,871

In the three months ended June 30, 2018, there were no loans restructured in the preceding 12-month period which subsequently defaulted after being restructured. In the six months ended June 30, 2018, one other commercial loan of $2.1 million restructured in the preceding 12-month period defaulted after being restructured. In the three and six months ended June 30, 2017, there were no loans restructured in the preceding 12-month period which subsequently defaulted after being restructured.

Allowance for Loan and Lease Losses

The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by portfolio segment for the periods indicated:



	Three Months Ended June 30, 2018
				Real Estate
	Real Estate			Construction
	Mortgage			and Land		Commercial			Consumer			Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	40,158		$	18,190	$	73,780		$	2,147		$	134,275
Charge-offs	(4,747		)	—		(13,425		)	(63		)	(18,235		)
Recoveries	120			17		912			50			1,099
Net (charge-offs) recoveries	(4,627		)	17		(12,513		)	(13		)	(17,136		)
Provision (negative provision)	9,936			8,003		(2,461		)	(478		)	15,000
Balance, end of period	$	45,467		$	26,210	$	58,806		$	1,656		$	132,139



	Six Months Ended June 30, 2018
				Real Estate
	Real Estate			Construction
	Mortgage			and Land		Commercial			Consumer			Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	40,051		$	13,055	$	84,022		$	2,328		$	139,456
Charge-offs	(7,345		)	—		(22,949		)	(94		)	(30,388		)
Recoveries	1,777			26		6,399			95			8,297
Net (charge-offs) recoveries	(5,568		)	26		(16,550		)	1			(22,091		)
Provision (negative provision)	10,984			13,129		(8,666		)	(673		)	14,774
Balance, end of period	$	45,467		$	26,210	$	58,806		$	1,656		$	132,139

Ending Allowance by
Impairment Methodology:
Individually evaluated for impairment	$	472		$	—	$	8,480		$	—		$	8,952
Collectively evaluated for impairment	$	44,995		$	26,210	$	50,326		$	1,656		$	123,187

Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for impairment	$	83,931		$	15,998	$	67,228		$	—		$	167,157
Collectively evaluated for impairment	7,482,443			1,858,028		6,998,884			378,680			16,718,035
Ending balance	$	7,566,374		$	1,874,026	$	7,066,112		$	378,680		$	16,885,192



	Three Months Ended June 30, 2017
				Real Estate
	Real Estate			Construction								Total			Total
	Mortgage			and Land		Commercial			Consumer			Non-PCI			PCI			Total
	(In thousands)
Allowance for Loan
and Lease Losses:
Balance, beginning of period	$	35,368		$	10,476	$	102,134		$	1,848		$	149,826		$	11,481		$	161,307
Charge-offs	(142		)	—		(22,696		)	(113		)	(22,951		)	(3,459		)	(26,410		)
Recoveries	20			9		1,953			22			2,004			58			2,062
Net (charge-offs) recoveries	(122		)	9		(20,743		)	(91		)	(20,947		)	(3,401		)	(24,348		)
Provision (negative provision)	1,876			833		6,973			318			10,000			(1,001		)	8,999
Balance, end of period	$	37,122		$	11,318	$	88,364		$	2,075		$	138,879		$	7,079		$	145,958



	Six Months Ended June 30, 2017
				Real Estate
	Real Estate			Construction								Total			Total
	Mortgage			and Land		Commercial			Consumer			Non-PCI			PCI			Total
	(In thousands)
Allowance for Loan
and Lease Losses:
Balance, beginning of period	$	37,765		$	10,045	$	93,853		$	2,092		$	143,755		$	13,483		$	157,238
Charge-offs	(1,686		)	—		(41,981		)	(212		)	(43,879		)	(5,689		)	(49,568		)
Recoveries	250			17		4,401			75			4,743			58			4,801
Net (charge-offs) recoveries	(1,436		)	17		(37,580		)	(137		)	(39,136		)	(5,631		)	(44,767		)
Provision (negative provision)	793			1,256		32,091			120			34,260			(773		)	33,487
Balance, end of period	$	37,122		$	11,318	$	88,364		$	2,075		$	138,879		$	7,079		$	145,958

Ending Allowance by
Impairment Methodology:
Individually evaluated for
impairment	$	1,415		$	—	$	11,564		$	333		$	13,312
Collectively evaluated for
impairment	$	35,707		$	11,318	$	76,800		$	1,742		$	125,567
Acquired loans with
deteriorated credit quality															$	7,079

Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for
impairment	$	117,441		$	5,840	$	104,008		$	485		$	227,774
Collectively evaluated for
impairment	5,954,357			1,157,500		7,733,659			397,741			15,243,257
Acquired loans with
deteriorated credit quality															$	72,426
Ending balance	$	6,071,798		$	1,163,340	$	7,837,667		$	398,226		$	15,471,031		$	72,426		$	15,543,457

Allowance for Credit Losses

The allowance for credit losses is the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the condensed consolidated balance sheets. The following tables present a summary of the activity in the allowance for loan and lease losses, reserve for unfunded loan commitments for the periods indicated:



	Three Months Ended June 30, 2018
	Allowance for			Reserve for		Total
	Loan and			Unfunded Loan		Allowance for
	Lease Losses			Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	134,275		$	32,861	$	167,136
Charge-offs	(18,235		)	—		(18,235		)
Recoveries	1,099			—		1,099
Net charge-offs	(17,136		)	—		(17,136		)
Provision	15,000			2,500		17,500
Balance, end of period	$	132,139		$	35,361	$	167,500



	Six Months Ended June 30, 2018
	Allowance for			Reserve for		Total
	Loan and			Unfunded Loan		Allowance for
	Lease Losses			Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	139,456		$	28,635	$	168,091
Charge-offs	(30,388		)	—		(30,388		)
Recoveries	8,297			—		8,297
Net charge-offs	(22,091		)	—		(22,091		)
Provision	14,774			6,726		21,500
Balance, end of period	$	132,139		$	35,361	$	167,500



	Three Months Ended June 30, 2017
	Non-PCI
	Allowance for			Reserve for					PCI			Total
	Loan and			Unfunded Loan		Allowance for			Allowance for			Allowance for
	Lease Losses			Commitments		Credit Losses			Loan Losses			Credit Losses
	(In thousands)
Balance, beginning of period	$	149,826		$	17,763	$	167,589		$	11,481		$	179,070
Charge-offs	(22,951		)	—		(22,951		)	(3,459		)	(26,410		)
Recoveries	2,004			—		2,004			58			2,062
Net charge-offs	(20,947		)	—		(20,947		)	(3,401		)	(24,348		)
Provision (negative provision)	10,000			2,500		12,500			(1,001		)	11,499
Balance, end of period	$	138,879		$	20,263	$	159,142		$	7,079		$	166,221



	Six Months Ended June 30, 2017
	Non-PCI
	Allowance for			Reserve for					PCI			Total
	Loan and			Unfunded Loan		Allowance for			Allowance for			Allowance for
	Lease Losses			Commitments		Credit Losses			Loan Losses			Credit Losses
	(In thousands)
Balance, beginning of period	$	143,755		$	17,523	$	161,278		$	13,483		$	174,761
Charge-offs	(43,879		)	—		(43,879		)	(5,689		)	(49,568		)
Recoveries	4,743			—		4,743			58			4,801
Net charge-offs	(39,136		)	—		(39,136		)	(5,631		)	(44,767		)
Provision (negative provision)	34,260			2,740		37,000			(773		)	36,227
Balance, end of period	$	138,879		$	20,263	$	159,142		$	7,079		$	166,221