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Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of composition of loans portfolio

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


	March 31,		December 31,
	2021		2020
	(In thousands)
Real estate mortgage	$	7,992,490	$	7,905,193
Real estate construction and land	3,602,310		3,393,145
Commercial	7,120,049		7,534,801
Consumer	340,316		320,218
Total gross loans and leases held for investment	19,055,165		19,153,357
Deferred fees, net	(75,937)		(69,980)
Total loans and leases held for investment, net of deferred fees	18,979,228		19,083,377
Allowance for loan and lease losses	(292,445)		(348,181)
Total loans and leases held for investment, net (1)	$	18,686,783	$	18,735,196

____________________

(1) Excludes accrued interest receivable of $76.3 million and $79.7 million at March 31, 2021 and December 31, 2020, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.

Delinquent loans in loan portfolio

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


	March 31, 2021
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	36	$	25,833	$	25,869	$	3,915,741	$	3,941,610
Income producing and other residential	6,502		1,052		7,554		4,038,049		4,045,603
Total real estate mortgage	6,538		26,885		33,423		7,953,790		7,987,213
Real estate construction and land:
Commercial	—		—		—		990,035		990,035
Residential	1,241		416		1,657		2,574,131		2,575,788
Total real estate construction and land	1,241		416		1,657		3,564,166		3,565,823
Commercial:
Asset-based	—		1,880		1,880		3,381,523		3,383,403
Venture capital	6,750		—		6,750		1,489,048		1,495,798
Other commercial	1,645		3,954		5,599		2,201,040		2,206,639
Total commercial	8,395		5,834		14,229		7,071,611		7,085,840
Consumer	954		288		1,242		339,110		340,352
Total	$	17,128	$	33,423	$	50,551	$	18,928,677	$	18,979,228


	December 31, 2020
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	6,750	$	29,145	$	35,895	$	4,060,776	$	4,096,671
Income producing and other residential	600		373		973		3,802,292		3,803,265
Total real estate mortgage	7,350		29,518		36,868		7,863,068		7,899,936
Real estate construction and land:
Commercial	—		—		—		1,117,121		1,117,121
Residential	759		—		759		2,242,401		2,243,160
Total real estate construction and land	759		—		759		3,359,522		3,360,281
Commercial:
Asset-based	—		2,128		2,128		3,427,155		3,429,283
Venture capital	540		—		540		1,697,968		1,698,508
Other commercial	2,323		4,766		7,089		2,368,025		2,375,114
Total commercial	2,863		6,894		9,757		7,493,148		7,502,905
Consumer	1,260		111		1,371		318,884		320,255
Total	$	12,232	$	36,523	$	48,755	$	19,034,622	$	19,083,377

Financing Receivable, Nonaccrual

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


	March 31, 2021						December 31, 2020
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	46,436	$	3,895,174	$	3,941,610	$	43,731	$	4,052,940	$	4,096,671
Income producing and other residential	2,471		4,043,132		4,045,603		1,826		3,801,439		3,803,265
Total real estate mortgage	48,907		7,938,306		7,987,213		45,557		7,854,379		7,899,936
Real estate construction and land:
Commercial	302		989,733		990,035		315		1,116,806		1,117,121
Residential	416		2,575,372		2,575,788		—		2,243,160		2,243,160
Total real estate construction and land	718		3,565,105		3,565,823		315		3,359,966		3,360,281
Commercial:
Asset-based	2,379		3,381,024		3,383,403		2,679		3,426,604		3,429,283
Venture capital	2,432		1,493,366		1,495,798		1,980		1,696,528		1,698,508
Other commercial	12,660		2,193,979		2,206,639		40,243		2,334,871		2,375,114
Total commercial	17,471		7,068,369		7,085,840		44,902		7,458,003		7,502,905
Consumer	556		339,796		340,352		389		319,866		320,255
Total	$	67,652	$	18,911,576	$	18,979,228	$	91,163	$	18,992,214	$	19,083,377

CV of loans held for investment by class by performing and nonperforming

The following tables present the credit risk rating categories for loans and leases held for investment, net of deferred fees, by loan 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.


	March 31, 2021
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	77,444	$	254,463	$	3,609,703	$	3,941,610
Income producing and other residential	9,064		63,231		3,973,308		4,045,603
Total real estate mortgage	86,508		317,694		7,583,011		7,987,213
Real estate construction and land:
Commercial	302		66,790		922,943		990,035
Residential	416		602		2,574,770		2,575,788
Total real estate construction and land	718		67,392		3,497,713		3,565,823
Commercial:
Asset-based	24,941		142,122		3,216,340		3,383,403
Venture capital	8,727		89,423		1,397,648		1,495,798
Other commercial	41,597		13,535		2,151,507		2,206,639
Total commercial	75,265		245,080		6,765,495		7,085,840
Consumer	626		2,831		336,895		340,352
Total	$	163,117	$	632,997	$	18,183,114	$	18,979,228


	December 31, 2020
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	91,543	$	262,462	$	3,742,666	$	4,096,671
Income producing and other residential	8,767		61,384		3,733,114		3,803,265
Total real estate mortgage	100,310		323,846		7,475,780		7,899,936
Real estate construction and land:
Commercial	42,558		107,592		966,971		1,117,121
Residential	—		759		2,242,401		2,243,160
Total real estate construction and land	42,558		108,351		3,209,372		3,360,281
Commercial:
Asset-based	27,867		153,301		3,248,115		3,429,283
Venture capital	6,508		118,125		1,573,875		1,698,508
Other commercial	87,557		14,930		2,272,627		2,375,114
Total commercial	121,932		286,356		7,094,617		7,502,905
Consumer	462		2,732		317,061		320,255
Total	$	265,262	$	721,285	$	18,096,830	$	19,083,377

Finance Receivable Investment And Interest Income, Nonaccrual

The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the periods indicated:


			Three Months				Three Months
			Ended				Ended
	March 31,		March 31,		March 31,		March 31,
	2021		2021		2020		2020
	Nonaccrual		Interest		Nonaccrual		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	76	$	—	$	342	$	—
Income producing and other residential	1,883		—		1,534		—
Real estate construction and land:

Residential	116		—		—		—
Commercial:
Asset based	1,880		—		—		—
Venture capital	2,432		—		15,524		—
Other commercial	1,655		—		28,782		—
Consumer	556		—		413		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	46,360	$	287	$	18,746	$	84
Income producing and other residential	588		—		774		—
Real estate construction and land:
Commercial	302		—		351		—
Residential	300		—		—		—
Commercial:
Asset based	500		—		17,103		—
Venture capital	—		—		3,089		—
Other commercial	11,004		1,830		8,944		24

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	48,907	$	287	$	21,396	$	84
Real estate construction and land	718		—		351		—
Commercial	17,471		1,830		73,442		24
Consumer	556		—		413		—
Total	$	67,652	$	2,117	$	95,602	$	108

Finance Receivable, Loans By Origination Year

The following tables present our loans held for investment by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the dates indicated:


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2021	2021		2020		2019		2018		2017		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	—	$	1,978	$	1,646	$	6,000	$	13,343	$	51,821	$	—	$	—	$	74,788
3-4 Pass	38,810		569,953		417,291		544,055		671,985		1,226,120		51,358		15,343		3,534,915
5 Special mention	—		2,609		84,720		95,272		7,199		64,663		—		—		254,463
6-8 Classified	—		504		1,221		5,684		12,234		57,801		—		—		77,444
Total	$	38,810	$	575,044	$	504,878	$	651,011	$	704,761	$	1,400,405	$	51,358	$	15,343	$	3,941,610
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	168	$	45	$	155	$	—	$	—	$	368
Gross recoveries	—		—		—		—		—		(541)		—		—		(541)
Net	$	—	$	—	$	—	$	168	$	45	$	(386)	$	—	$	—	$	(173)

Real Estate Mortgage:
Income Producing and
Other Residential
Internal risk rating:
1-2 High pass	$	1,505	$	55,262	$	42,358	$	26,420	$	26,984	$	23,133	$	—	$	—	$	175,662
3-4 Pass	285,757		532,473		849,901		955,726		529,270		390,100		254,127		292		3,797,646
5 Special mention	—		12,465		4,207		43,022		950		1,725		236		626		63,231
6-8 Classified	—		295		162		3,073		—		4,728		—		806		9,064
Total	$	287,262	$	600,495	$	896,628	$	1,028,241	$	557,204	$	419,686	$	254,363	$	1,724	$	4,045,603
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross recoveries	—		—		—		—		—		(4)		—		—		(4)
Net	$	—	$	—	$	—	$	—	$	—	$	(4)	$	—	$	—	$	(4)

Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4 Pass	(2,226)		75,414		373,311		356,846		87,926		31,672		—		—		922,943
5 Special mention	—		—		—		—		66,790		—		—		—		66,790
6-8 Classified	—		—		—		—		—		302		—		—		302
Total	$	(2,226)	$	75,414	$	373,311	$	356,846	$	154,716	$	31,974	$	—	$	—	$	990,035
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	700	$	—	$	—	$	—	$	—	$	700
Gross recoveries	—		—		—		—		—		—		—		—		—
Net	$	—	$	—	$	—	$	700	$	—	$	—	$	—	$	—	$	700


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2021	2021		2020		2019		2018		2017		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4 Pass	226,803		500,914		805,652		746,717		208,155		22,446		9,034		55,049		2,574,770
5 Special mention	—		208		—		394		—		—		—		—		602
6-8 Classified	—		—		—		416		—		—		—		—		416
Total	$	226,803	$	501,122	$	805,652	$	747,527	$	208,155	$	22,446	$	9,034	$	55,049	$	2,575,788
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross recoveries	—		—		—		—		—		—		—		—		—
Net	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	12,602	$	102,110	$	168,477	$	114,084	$	67,281	$	206,274	$	368,179	$	93,840	$	1,132,847
3-4 Pass	27,273		115,743		72,835		69,778		31,463		34,991		1,699,103		32,307		2,083,493
5 Special mention	—		—		59,012		35,337		7,346		13,971		21,970		4,486		142,122
6-8 Classified	—		—		—		—		—		19,936		5,905		(900)		24,941
Total	$	39,875	$	217,853	$	300,324	$	219,199	$	106,090	$	275,172	$	2,095,157	$	129,733	$	3,383,403
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross recoveries	—		—		—		—		—		(259)		(9)		—		(268)
Net	$	—	$	—	$	—	$	—	$	—	$	(259)	$	(9)	$	—	$	(268)

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	—	$	1,999	$	(2)	$	—	$	(8)	$	46	$	229,128	$	—	$	231,163
3-4 Pass	18,506		45,573		83,328		22,044		7,402		28,299		954,246		7,087		1,166,485
5 Special mention	—		33,619		32,331		—		—		—		23,473		—		89,423
6-8 Classified	—		—		(1,757)		4,200		—		1,757		2,095		2,432		8,727
Total	$	18,506	$	81,191	$	113,900	$	26,244	$	7,394	$	30,102	$	1,208,942	$	9,519	$	1,495,798
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	620	$	—	$	—	$	620
Gross recoveries	—		—		—		(13)		(35)		(9)		—		—		(57)
Net	$	—	$	—	$	—	$	(13)	$	(35)	$	611	$	—	$	—	$	563

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2021	2021		2020		2019		2018		2017		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	358,071	$	721,033	$	332	$	5	$	323	$	1,311	$	70,251	$	823	$	1,152,149
3-4 Pass	21,651		87,985		88,030		89,633		73,382		101,353		530,578		6,746		999,358
5 Special mention	—		—		36		2,130		432		10,329		27		581		13,535
6-8 Classified	2,042		2		586		26		24		5,534		27,761		5,622		41,597
Total	$	381,764	$	809,020	$	88,984	$	91,794	$	74,161	$	118,527	$	628,617	$	13,772	$	2,206,639
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	47	$	—	$	154	$	53	$	1,700	$	1,954
Gross recoveries	—		—		(9)		—		(31)		(312)		—		(20)		(372)
Net	$	—	$	—	$	(9)	$	47	$	(31)	$	(158)	$	53	$	1,680	$	1,582

Consumer
Internal risk rating:
1-2 High pass	$	—	$	13	$	—	$	7	$	11	$	—	$	756	$	—	$	787
3-4 Pass	55,959		40,665		96,356		55,328		32,871		48,345		6,480		104		336,108
5 Special mention	—		85		530		1,376		417		423		—		—		2,831
6-8 Classified	—		22		266		—		—		314		2		22		626
Total	$	55,959	$	40,785	$	97,152	$	56,711	$	33,299	$	49,082	$	7,238	$	126	$	340,352
Current YTD period:
Gross charge-offs	$	—	$	—	$	95	$	136	$	83	$	32	$	—	$	—	$	346
Gross recoveries	—		—		—		—		(3)		(7)		—		—		(10)
Net	$	—	$	—	$	95	$	136	$	80	$	25	$	—	$	—	$	336

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	372,178	$	882,395	$	212,811	$	146,516	$	107,934	$	282,585	$	668,314	$	94,663	$	2,767,396
3-4 Pass	672,533		1,968,720		2,786,704		2,840,127		1,642,454		1,883,326		3,504,926		116,928		15,415,718
5 Special mention	—		48,986		180,836		177,531		83,134		91,111		45,706		5,693		632,997
6-8 Classified	2,042		823		478		13,399		12,258		90,372		35,763		7,982		163,117
Total	$	1,046,753	$	2,900,924	$	3,180,829	$	3,177,573	$	1,845,780	$	2,347,394	$	4,254,709	$	225,266	$	18,979,228
Current YTD period:
Gross charge-offs	$	—	$	—	$	95	$	1,051	$	128	$	961	$	53	$	1,700	$	3,988
Gross recoveries	—		—		(9)		(13)		(69)		(1,132)		(9)		(20)		(1,252)
Net	$	—	$	—	$	86	$	1,038	$	59	$	(171)	$	44	$	1,680	$	2,736

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	—	$	28,304	$	4,848	$	13,184	$	12,241	$	41,222	$	—	$	—	$	99,799
3-4 Pass	554,143		413,785		574,497		725,503		405,367		893,008		62,586		13,978		3,642,867
5 Special mention	2,622		78,484		99,397		14,625		9,967		57,367		—		—		262,462
6-8 Classified	504		1,255		7,489		7,869		16,797		57,629		—		—		91,543
Total	$	557,269	$	521,828	$	686,231	$	761,181	$	444,372	$	1,049,226	$	62,586	$	13,978	$	4,096,671
Current YTD period:
Gross charge-offs	$	—	$	—	$	154	$	3,330	$	—	$	6,694	$	—	$	—	$	10,178
Gross recoveries	—		—		—		(9)		—		(280)		—		—		(289)
Net	$	—	$	—	$	154	$	3,321	$	—	$	6,414	$	—	$	—	$	9,889

Real Estate Mortgage:
Income Producing and
Other Residential
Internal risk rating:
1-2 High pass	$	58,714	$	55,826	$	28,831	$	33,017	$	18,991	$	9,265	$	—	$	—	$	204,644
3-4 Pass	491,504		850,978		1,067,109		577,906		238,499		187,959		113,987		528		3,528,470
5 Special mention	12,307		4,207		42,455		1,554		—		—		861		—		61,384
6-8 Classified	—		—		2,862		—		—		4,950		118		837		8,767
Total	$	562,525	$	911,011	$	1,141,257	$	612,477	$	257,490	$	202,174	$	114,966	$	1,365	$	3,803,265
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	51	$	—	$	457	$	508
Gross recoveries	—		—		—		—		—		(327)		(1)		—		(328)
Net	$	—	$	—	$	—	$	—	$	—	$	(276)	$	(1)	$	457	$	180

Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4 Pass	66,114		369,588		357,295		118,586		36,027		11,778		7,583		—		966,971
5 Special mention	—		—		40,396		67,196		—		—		—		—		107,592
6-8 Classified	—		—		—		—		42,243		315		—		—		42,558
Total	$	66,114	$	369,588	$	397,691	$	185,782	$	78,270	$	12,093	$	7,583	$	—	$	1,117,121
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross recoveries	—		—		—		—		—		—		—		—		—
Net	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4 Pass	345,134		670,894		849,819		285,072		28,725		688		9,034		53,035		2,242,401
5 Special mention	759		—		—		—		—		—		—		—		759
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	345,893	$	670,894	$	849,819	$	285,072	$	28,725	$	688	$	9,034	$	53,035	$	2,243,160
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Gross recoveries	—		—		—		—		—		(21)		—		—		(21)
Net	$	—	$	—	$	—	$	—	$	—	$	(21)	$	—	$	—	$	(21)

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	116,247	$	173,457	$	111,630	$	69,244	$	121,838	$	88,201	$	275,093	$	72,017	$	1,027,727
3-4 Pass	155,221		84,798		85,539		42,928		8,227		46,663		1,750,934		46,078		2,220,388
5 Special mention	—		59,822		41,789		9,022		14,274		482		23,257		4,655		153,301
6-8 Classified	—		—		—		—		19,417		551		8,799		(900)		27,867
Total	$	271,468	$	318,077	$	238,958	$	121,194	$	163,756	$	135,897	$	2,058,083	$	121,850	$	3,429,283
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	11,817	$	—	$	—	$	11,817
Gross recoveries	(52)		—		—		—		—		(420)		(236)		—		(708)
Net	$	(52)	$	—	$	—	$	—	$	—	$	11,397	$	(236)	$	—	$	11,109

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	1,999	$	4,797	$	—	$	(4)	$	(4)	$	52	$	167,296	$	—	$	174,136
3-4 Pass	48,132		103,437		37,818		7,789		29,738		5,494		1,161,606		5,725		1,399,739
5 Special mention	21,645		42,499		2,202		—		—		—		46,765		5,014		118,125
6-8 Classified	—		(1,710)		4,000		—		—		3,690		528		—		6,508
Total	$	71,776	$	149,023	$	44,020	$	7,785	$	29,734	$	9,236	$	1,376,195	$	10,739	$	1,698,508
Current YTD period:
Gross charge-offs	$	—	$	—	$	6,533	$	—	$	(8)	$	150	$	144	$	—	$	6,819
Gross recoveries	—		—		(478)		(176)		(154)		(3)		(450)		—		(1,261)
Net	$	—	$	—	$	6,055	$	(176)	$	(162)	$	147	$	(306)	$	—	$	5,558


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2020	2020		2019		2018		2017		2016		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	1,057,405	$	380	$	4	$	366	$	69	$	1,350	$	74,206	$	80	$	1,133,860
3-4 Pass	88,875		95,110		99,434		77,557		23,305		89,865		657,088		7,533		1,138,767
5 Special mention	—		40		2,145		564		484		10,440		335		922		14,930
6-8 Classified	2		564		80		230		755		3,813		75,046		7,067		87,557
Total	$	1,146,282	$	96,094	$	101,663	$	78,717	$	24,613	$	105,468	$	806,675	$	15,602	$	2,375,114
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	506	$	239	$	33,521	$	27,332	$	1,871	$	63,469
Gross recoveries	—		(18)		(8)		(34)		(226)		(3,155)		(100)		(19)		(3,560)
Net	$	—	$	(18)	$	(8)	$	472	$	13	$	30,366	$	27,232	$	1,852	$	59,909

Consumer
Internal risk rating:
1-2 High pass	$	15	$	—	$	8	$	14	$	—	$	—	$	509	$	—	$	546
3-4 Pass	40,585		110,993		62,833		39,036		41,623		12,831		8,536		78		316,515
5 Special mention	45		137		1,628		261		422		239		—		—		2,732
6-8 Classified	—		35		—		36		56		306		2		27		462
Total	$	40,645	$	111,165	$	64,469	$	39,347	$	42,101	$	13,376	$	9,047	$	105	$	320,255
Current YTD period:
Gross charge-offs	$	—	$	97	$	86	$	177	$	363	$	44	$	22	$	9	$	798
Gross recoveries	—		—		(1)		(10)		(16)		(174)		—		—		(201)
Net	$	—	$	97	$	85	$	167	$	347	$	(130)	$	22	$	9	$	597

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	1,234,380	$	262,764	$	145,321	$	115,821	$	153,135	$	140,090	$	517,104	$	72,097	$	2,640,712
3-4 Pass	1,789,708		2,699,583		3,134,344		1,874,377		811,511		1,248,286		3,771,354		126,955		15,456,118
5 Special mention	37,378		185,189		230,012		93,222		25,147		68,528		71,218		10,591		721,285
6-8 Classified	506		144		14,431		8,135		79,268		71,254		84,493		7,031		265,262
Total	$	3,061,972	$	3,147,680	$	3,524,108	$	2,091,555	$	1,069,061	$	1,528,158	$	4,444,169	$	216,674	$	19,083,377
Current YTD period:
Gross charge-offs	$	—	$	97	$	6,773	$	4,013	$	594	$	52,277	$	27,498	$	2,337	$	93,589
Gross recoveries	(52)		(18)		(487)		(229)		(396)		(4,380)		(787)		(19)		(6,368)
Net	$	(52)	$	79	$	6,286	$	3,784	$	198	$	47,897	$	26,711	$	2,318	$	87,221

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Troubled debt restructurings on financing receivables

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


	Three Months Ended March 31,
	2021					2020
		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	1	$	647	$	—	—	$	—	$	—
Income producing and other residential	2	266		266		—	—		—



Commercial:
Asset-based	1	503		503		4	1,741		1,741
Venture capital	3	4,502		2,529		2	2,047		2,047
Other commercial	12	32,250		14,276		15	22,165		20,389
Consumer	1	20		20		—	—		—
Total	20	$	38,188	$	17,594	21	$	25,953	$	24,177

Lease Income of Direct Financing Leases

The following table provides the components of leases receivable income for the periods indicated:


	Three Months Ended
	March 31,
	2021		2020
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	2,080	$	2,252

Assets and Liabilities, Lessor

The following table presents the components of leases receivable as of the dates indicated:


	March 31, 2021		December 31, 2020
	(In thousands)
Net investment in direct financing leases:
Lease payments receivable	$	149,830	$	158,740
Unguaranteed residual assets	20,751		19,303
Deferred costs and other	1,010		996
Aggregate net investment in leases	$	171,591	$	179,039

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

The following table presents maturities of leases receivable as of the date indicated:


	March 31, 2021
	(In thousands)
Period ending December 31,
2021	$	54,990
2022	40,450
2023	27,725
2024	22,090
2025	10,167
Thereafter	7,675
Total undiscounted cash flows	163,097
Less: Unearned income	(13,267)
Present value of lease payments	$	149,830

Finance Receivable, Allowance For Loan 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 loan portfolio segment for the periods indicated:















	Three Months Ended March 31, 2021
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	138,342	$	78,356	$	126,403	$	5,080	$	348,181



Charge-offs	(368)		(700)		(2,574)		(346)		(3,988)
Recoveries	545		—		697		10		1,252
Net charge-offs	177		(700)		(1,877)		(336)		(2,736)
Provision	2,603		(10,881)		(45,810)		1,088		(53,000)
Balance, end of period	$	141,122	$	66,775	$	78,716	$	5,832	$	292,445

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	220	$	—	$	1,581	$	—	$	1,801
Collectively evaluated	$	140,902	$	66,775	$	77,135	$	5,832	$	290,644

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	52,823	$	2,047	$	35,285	$	—	$	90,155
Collectively evaluated	7,934,390		3,563,776		7,050,555		340,352		18,889,073
Ending balance	$	7,987,213	$	3,565,823	$	7,085,840	$	340,352	$	18,979,228















	Three Months Ended March 31, 2020
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	44,575	$	30,544	$	61,528	$	2,138	$	138,785
Cumulative effect of change in accounting
principle - CECL	5,308		(8,592)		6,860		41		3,617
Balance, January 1, 2020	49,883		21,952		68,388		2,179		142,402
Charge-offs	(500)		—		(19,232)		(473)		(20,205)
Recoveries	124		—		955		16		1,095
Net charge-offs	(376)		—		(18,277)		(457)		(19,110)
Provision	41,865		18,221		37,459		455		98,000
Balance, end of period	$	91,372	$	40,173	$	87,570	$	2,177	$	221,292

Ending Allowance by
Evaluation Methodology:
Individually evaluated	$	230	$	—	$	6,462	$	—	$	6,692
Collectively evaluated	$	91,142	$	40,173	$	81,108	$	2,177	$	214,600

Ending Loans and Leases by
Evaluation Methodology:
Individually evaluated	$	25,901	$	1,816	$	72,280	$	—	$	99,997
Collectively evaluated	7,983,043		2,878,437		8,353,944		429,884		19,645,308
Ending balance	$	8,008,944	$	2,880,253	$	8,426,224	$	429,884	$	19,745,305

Collateral-dependent Finance Receivable

The following table summarizes collateral-dependent loans held for investment by collateral type as of the following dates:


	March 31, 2021						December 31, 2020
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	46,767	$	—	$	46,767	$	43,656	$	—	$	43,656
Real estate construction and land	2,047		—		2,047		1,766		—		1,766
Commercial	—		4,577		4,577		—		31,100		31,100
Total	$	48,814	$	4,577	$	53,391	$	45,422	$	31,100	$	76,522

Allowance for credit losses on financing receivables

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
	March 31, 2021
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	348,181	$	85,571	$	433,752



Charge-offs	(3,988)		—		(3,988)
Recoveries	1,252		—		1,252
Net charge-offs	(2,736)		—		(2,736)
Provision	(53,000)		5,000		(48,000)
Balance, end of period	$	292,445	$	90,571	$	383,016


	Three Months Ended
	March 31, 2020
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	138,785	$	35,861	$	174,646
Cumulative effect of change in accounting
principle - CECL	3,617		3,710		7,327
Balance, January 1, 2020	142,402		39,571		181,973
Charge-offs	(20,205)		—		(20,205)
Recoveries	1,095		—		1,095
Net charge-offs	(19,110)		—		(19,110)
Provision	98,000		14,000		112,000
Balance, end of period	$	221,292	$	53,571	$	274,863