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:



	September 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	$	7,695,182		$	7,815,355		$	53,658		$	7,869,013
Real estate construction and land	2,026,645			1,611,287			—			1,611,287
Commercial	7,175,310			7,137,978			4,158			7,142,136
Consumer	398,452			409,551			234			409,785
Total gross loans and leases held for investment	17,295,589			16,974,171			58,050			17,032,221
Deferred fees, net	(65,443		)	(59,464		)	(14		)	(59,478		)
Total loans and leases held for investment,
net of deferred fees	17,230,146			16,914,707			58,036			16,972,743
Allowance for loan and lease losses	(141,920		)	(133,012		)	(6,444		)	(139,456		)
Total loans and leases held for investment, net	$	17,088,226		$	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:



	September 30, 2018
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	2,221	$	8,949	$	11,170	$	4,921,653	$	4,932,823
Residential	5,647		445		6,092		2,739,745		2,745,837
Total real estate mortgage	7,868		9,394		17,262		7,661,398		7,678,660
Real estate construction and land:
Commercial	—		—		—		854,346		854,346
Residential	8,498		—		8,498		1,138,113		1,146,611
Total real estate construction and land	8,498		—		8,498		1,992,459		2,000,957
Commercial:
Asset-based	—		655		655		3,221,656		3,222,311
Venture capital	1,028		497		1,525		2,030,370		2,031,895
Other commercial	222		3,724		3,946		1,893,906		1,897,852
Total commercial	1,250		4,876		6,126		7,145,932		7,152,058
Consumer	605		45		650		397,821		398,471
Total	$	18,221	$	14,315	$	32,536	$	17,197,610	$	17,230,146



	December 31, 2017 ⁽¹⁾
	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:



	September 30, 2018						December 31, 2017 ⁽¹⁾
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	29,723	$	4,903,100	$	4,932,823	$	65,563	$	5,295,924	$	5,361,487
Residential	3,259		2,742,578		2,745,837		3,350		2,434,154		2,437,504
Total real estate mortgage	32,982		7,645,678		7,678,660		68,913		7,730,078		7,798,991
Real estate construction and land:
Commercial	—		854,346		854,346		—		769,075		769,075
Residential	—		1,146,611		1,146,611		—		822,154		822,154
Total real estate construction and land	—		2,000,957		2,000,957		—		1,591,229		1,591,229
Commercial:
Asset-based	34,619		3,187,692		3,222,311		33,553		2,891,318		2,924,871
Venture capital	35,520		1,996,375		2,031,895		29,424		2,093,287		2,122,711
Other commercial	9,579		1,888,273		1,897,852		23,874		2,043,464		2,067,338
Total commercial	79,718		7,072,340		7,152,058		86,851		7,028,069		7,114,920
Consumer	272		398,199		398,471		20		409,547		409,567
Total	$	112,972	$	17,117,174	$	17,230,146	$	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 September 30, 2018, nonaccrual loans and leases totaled $113.0 million and included $14.3 million of loans and leases 90 or more days past due, $1.6 million of loans and leases 30 to 89 days past due, and $97.0 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 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 September 30, 2018, our ten largest loan relationships on nonaccrual status had an aggregate carrying value of $83.2 million and represented 73.7% 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.



	September 30, 2018
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	64,574	$	140,611	$	4,727,638	$	4,932,823
Residential	11,254		12,036		2,722,547		2,745,837
Total real estate mortgage	75,828		152,647		7,450,185		7,678,660
Real estate construction and land:
Commercial	442		3,833		850,071		854,346
Residential	—		24,645		1,121,966		1,146,611
Total real estate construction and land	442		28,478		1,972,037		2,000,957
Commercial:
Asset-based	42,960		64,778		3,114,573		3,222,311
Venture capital	47,230		65,295		1,919,370		2,031,895
Other commercial	93,564		47,164		1,757,124		1,897,852
Total commercial	183,754		177,237		6,791,067		7,152,058
Consumer	435		1,696		396,340		398,471
Total	$	260,459	$	360,058	$	16,609,629	$	17,230,146



	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:



	September 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	$	32,982	$	15,296	$	48,278	$	68,913	$	47,560	$	116,473
Real estate construction and land	—		5,533		5,533		—		5,690		5,690
Commercial	79,718		1,166		80,884		86,851		3,488		90,339
Consumer	272		111		383		20		100		120
Total	$	112,972	$	22,106	$	135,078	$	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:



	September 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	$	1,781	$	1,682	$	225	$	15,750	$	16,548	$	628
Residential	2,495		2,536		271		2,787		2,957		342
Commercial:
Venture capital	34,515		36,149		19,003		16,565		17,203		4,267
Other commercial	1,360		1,361		1,360		20,404		29,951		8,368
Consumer	—		—		—		100		100		16
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	36,087	$	54,497			$	93,827	$	105,923
Residential	7,915		10,172				4,109		4,481
Real estate construction and land:
Commercial	5,533		5,537				5,690		5,689
Commercial:
Asset-based	34,618		40,085				33,553		54,911
Venture capital	1,421		26,853				14,534		40,029
Other commercial	8,970		28,343				5,283		9,351
Consumer	383		547				20		93
Total Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	48,278	$	68,887	$	496	$	116,473	$	129,909	$	970
Real estate construction and land	5,533		5,537		—		5,690		5,689		—
Commercial	80,884		132,791		20,363		90,339		151,445		12,635
Consumer	383		547		—		120		193		16
Total	$	135,078	$	207,762	$	20,859	$	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 September 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	$	1,781	$	18	$	14,716	$	214
Residential	2,494		21		3,074		14
Commercial:
Venture capital	28,322		—		18,298		—
Other commercial	1,360		—		33,486		31
Consumer	—		—		106		2
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	34,155	$	129	$	92,183	$	635
Residential	7,906		45		3,670		15
Real estate construction and land:
Commercial	5,533		95		5,764		74
Commercial:
Asset-based	34,618		—		31,086		—
Venture capital	1,421		—		2,647		—
Other commercial	8,108		25		3,695		40
Consumer	383		2		296		—
Total Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	46,336	$	213	$	113,643	$	878
Real estate construction and land	5,533		95		5,764		74
Commercial	73,829		25		89,212		71
Consumer	383		2		402		2
Total	$	126,081	$	335	$	209,021	$	1,025

_________________________


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



	Nine Months Ended September 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	$	1,781	$	55	$	14,716	$	634
Residential	2,494		62		3,074		41
Commercial:
Venture capital	17,459		—		9,621		—
Other commercial	688		—		33,193		88
Consumer	—		—		106		6
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	32,098	$	376	$	90,631	$	1,924
Residential	7,845		132		3,650		44
Real estate construction and land:
Commercial	5,533		283		5,764		220
Commercial:
Asset-based	34,618		—		30,682		—
Venture capital	1,330		—		1,922		—
Other commercial	7,417		70		3,044		68
Consumer	373		6		296		—
Total Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	44,218	$	625	$	112,071	$	2,643
Real estate construction and land	5,533		283		5,764		220
Commercial	61,512		70		78,462		156
Consumer	373		6		402		6
Total	$	111,636	$	984	$	196,699	$	3,025

_________________________


(1)	For loans and leases reported as impaired at September 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 September 30,
	2018					2017
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
	Number	Outstanding		Outstanding		Number	Outstanding		Outstanding
	of	Recorded		Recorded		of	Recorded		Recorded
Troubled Debt Restructurings	Loans	Investment		Investment		Loans	Investment		Investment
	(Dollars in thousands)
Real estate mortgage:
Commercial	4	$	2,889	$	712	1	$	998	$	998
Residential	5	912		912		3	566		10
Commercial:
Asset-based ⁽¹⁾	4	28,947		33,947		—	—		—
Venture capital	5	23,501		23,501		4	15,308		15,308
Other commercial	5	1,487		1,115		5	12,146		2,910
Total	23	$	57,736	$	60,187	13	$	29,018	$	19,226



	Nine Months Ended September 30,
	2018					2017
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
	Number	Outstanding		Outstanding		Number	Outstanding		Outstanding
	of	Recorded		Recorded		of	Recorded		Recorded
Troubled Debt Restructurings	Loans	Investment		Investment		Loans	Investment		Investment
	(Dollars in thousands)
Real estate mortgage:
Commercial	4	$	2,889	$	712	5	$	2,527	$	2,463
Residential	8	2,616		1,557		8	1,328		489
Real estate construction and land:
Residential	—	—		—		1	362		—
Commercial:
Asset-based ⁽¹⁾	4	28,947		33,947		2	665		665
Venture capital	9	28,737		28,737		9	28,465		28,465
Other commercial	9	13,301		12,929		17	30,153		20,918
Consumer	1	27		27		1	97		97
Total	35	$	76,517	$	77,909	43	$	63,597	$	53,097

_________________________

(1)

One commercial asset-based loan with a pre-modification balance of $27.3 million and a post-modification balance of $32.3 million was a restructuring of a loan secured by oil services equipment that was originally restructured in 2015 after being placed on nonaccrual status. The loan has since been extended four times, the last in the fourth quarter of 2017. As part of the current restructuring, additional funds were advanced in exchange for the receipt of additional equipment collateral and a partial personal guaranty.

In the three and nine months ended September 30, 2018, there were no loans restructured in the preceding 12-month period which subsequently defaulted after being restructured. In the three and nine months ended September 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 September 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	$	45,467		$	26,210		$	58,806		$	1,656		$	132,139
Charge-offs	(726		)	—			(2,372		)	(210		)	(3,308		)
Recoveries	222			23			1,303			41			1,589
Net (charge-offs) recoveries	(504		)	23			(1,069		)	(169		)	(1,719		)
Provision (negative provision)	1,394			(47		)	9,907			246			11,500
Balance, end of period	$	46,357		$	26,186		$	67,644		$	1,733		$	141,920



	Nine Months Ended September 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	(8,071		)	—		(25,321		)	(304		)	(33,696		)
Recoveries	1,999			49		7,702			136			9,886
Net (charge-offs) recoveries	(6,072		)	49		(17,619		)	(168		)	(23,810		)
Provision (negative provision)	12,378			13,082		1,241			(427		)	26,274
Balance, end of period	$	46,357		$	26,186	$	67,644		$	1,733		$	141,920

Ending Allowance by
Impairment Methodology:
Individually evaluated for impairment	$	496		$	—	$	20,363		$	—		$	20,859
Collectively evaluated for impairment	$	45,861		$	26,186	$	47,281		$	1,733		$	121,061

Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for impairment	$	44,985		$	5,533	$	79,493		$	—		$	130,011
Collectively evaluated for impairment	7,633,675			1,995,424		7,072,565			398,471			17,100,135
Ending balance	$	7,678,660		$	2,000,957	$	7,152,058		$	398,471		$	17,230,146



	Three Months Ended September 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	$	37,122		$	11,318	$	88,364		$	2,075		$	138,879		$	7,079		$	145,958
Charge-offs	(531		)	—		(4,984		)	(413		)	(5,928		)	(79		)	(6,007		)
Recoveries	36			353		4,447			29			4,865			217			5,082
Net (charge-offs) recoveries	(495		)	353		(537		)	(384		)	(1,063		)	138			(925		)
Provision (negative provision)	(186		)	22		14,366			752			14,954			(381		)	14,573
Balance, end of period	$	36,441		$	11,693	$	102,193		$	2,443		$	152,770		$	6,836		$	159,606



	Nine Months Ended September 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	(2,217		)	—		(46,965		)	(625		)	(49,807		)	(5,768		)	(55,575		)
Recoveries	286			370		8,848			104			9,608			275			9,883
Net (charge-offs) recoveries	(1,931		)	370		(38,117		)	(521		)	(40,199		)	(5,493		)	(45,692		)
Provision (negative provision)	607			1,278		46,457			872			49,214			(1,154		)	48,060
Balance, end of period	$	36,441		$	11,693	$	102,193		$	2,443		$	152,770		$	6,836		$	159,606

Ending Allowance by
Impairment Methodology:
Individually evaluated for
impairment	$	1,153		$	—	$	15,012		$	17		$	16,182
Collectively evaluated for
impairment	$	35,288		$	11,693	$	87,181		$	2,426		$	136,588
Acquired loans with
deteriorated credit quality															$	6,836

Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for
impairment	$	113,304		$	5,764	$	94,078		$	106		$	213,252
Collectively evaluated for
impairment	6,017,892			1,243,458		7,767,614			385,807			15,414,771
Acquired loans with
deteriorated credit quality															$	62,494
Ending balance	$	6,131,196		$	1,249,222	$	7,861,692		$	385,913		$	15,628,023		$	62,494		$	15,690,517

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 and reserve for unfunded loan commitments for the periods indicated:



	Three Months Ended September 30, 2018
	Allowance for			Reserve for		Total
	Loan and			Unfunded Loan		Allowance for
	Lease Losses			Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	132,139		$	35,361	$	167,500
Charge-offs	(3,308		)	—		(3,308		)
Recoveries	1,589			—		1,589
Net charge-offs	(1,719		)	—		(1,719		)
Provision	11,500			—		11,500
Balance, end of period	$	141,920		$	35,361	$	177,281



	Nine Months Ended September 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	(33,696		)	—		(33,696		)
Recoveries	9,886			—		9,886
Net charge-offs	(23,810		)	—		(23,810		)
Provision	26,274			6,726		33,000
Balance, end of period	$	141,920		$	35,361	$	177,281



	Three Months Ended September 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	$	138,879		$	20,263	$	159,142		$	7,079		$	166,221
Charge-offs	(5,928		)	—		(5,928		)	(79		)	(6,007		)
Recoveries	4,865			—		4,865			217			5,082
Net (charge-offs) recoveries	(1,063		)	—		(1,063		)	138			(925		)
Provision (negative provision)	14,954			546		15,500			(381		)	15,119
Balance, end of period	$	152,770		$	20,809	$	173,579		$	6,836		$	180,415



	Nine Months Ended September 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	(49,807		)	—		(49,807		)	(5,768		)	(55,575		)
Recoveries	9,608			—		9,608			275			9,883
Net charge-offs	(40,199		)	—		(40,199		)	(5,493		)	(45,692		)
Provision (negative provision)	49,214			3,286		52,500			(1,154		)	51,346
Balance, end of period	$	152,770		$	20,809	$	173,579		$	6,836		$	180,415