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Loans Receivable, Including Loans Held For Sale (Tables)
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Trade and Other Receivables Major classifications of Loans receivable, including loans held for sale, held by WebBank as of September 30, 2023 and December 31, 2022 are as follows:
TotalCurrentNon-current
September 30, 2023%December 31, 2022%September 30, 2023December 31, 2022September 30, 2023December 31, 2022
Loans held for sale$776,060 $602,675 $776,060 $602,675 $— $— 
Commercial real estate loans$1,563 — %$987 — %$— $— $1,563 $987 
Commercial and industrial1,051,804 87 %857,817 87 %614,488 472,934 437,316 384,883 
Consumer loans153,938 13 %123,204 13 %117,658 85,826 36,280 37,378 
Total loans1,207,305 100 %982,008 100 %732,146 558,760 475,159 423,248 
Less:
Allowance for credit losses(65,040)(29,690)(65,040)(29,690)— — 
Total loans receivable, net$1,142,265 $952,318 667,106 529,070 475,159 423,248 
Loans receivable, including loans held for sale (a)
$1,443,166 $1,131,745 $475,159 $423,248 
(a)    The amortized cost of loans receivable, including loans held for sale, is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $1,949,294 and $1,548,035 as of September 30, 2023 and December 31, 2022, respectively.
Financing Receivable, Allowance for Credit Loss
Changes in the ACL are summarized as follows:
Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
December 31, 2022$28 $18,493 $11,169 $29,690 
Impact of adopting current expected credit loss accounting guidance (see Note 1)1,144 3,597 4,742 
Charge-offs— (3,493)(2,539)(6,032)
Recoveries328 154 487 
Provision5,156 2,643 7,806 
March 31, 2023$41 $21,628 $15,024 $36,693 
Charge-offs— (3,826)(2,462)(6,288)
Recoveries54 366 82 502 
(Benefit) Provision(47)4,815 (1,564)3,204 
June 30, 2023$48 $22,983 $11,080 $34,111 
Charge-offs— (4,569)(1,864)(6,433)
Recoveries— 305 88 393 
Provision35,191 1,777 36,969 
September 30, 2023$49 $53,910 $11,081 $65,040 
Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
December 31, 2021$23 $9,205 $4,697 $13,925 
Charge-offs— (947)(1,273)(2,220)
Recoveries415 407 829 
 (Benefit) Provision(5)648 639 1,282 
March 31, 2022$25 $9,321 $4,470 $13,816 
Charge-offs— (1,005)(884)(1,889)
Recoveries410 276 692 
(Benefit) Provision(6)2,489 1,400 3,883 
June 30, 2022$25 $11,215 $5,262 $16,502 
Charge-offs— (1,672)(712)(2,384)
Recoveries396 263 666 
(Benefit) Provision(5)3,511 3,087 6,593 
September 30, 2022$27 $13,450 $7,900 $21,377 

The ACL and outstanding loan balances are summarized as follows:
September 30, 2023Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
Allowance for credit losses:
Individually evaluated for impairment$$37,820 $— $37,828 
Collectively evaluated for impairment41 16,090 11,081 27,212 
Total$49 $53,910 $11,081 $65,040 
Outstanding loan balances:
Individually evaluated for impairment$$39,990 $— $39,998 
Collectively evaluated for impairment1,555 1,011,814 153,938 1,167,307 
Total$1,563 $1,051,804 $153,938 $1,207,305 

December 31, 2022Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
Allowance for loan losses:
Individually evaluated for impairment$$825 $— $833 
Collectively evaluated for impairment20 17,668 11,169 28,857 
Total$28 $18,493 $11,169 $29,690 
Outstanding loan balances:
Individually evaluated for impairment$$4,357 $— $4,365 
Collectively evaluated for impairment979 853,460 123,204 977,643 
Total$987 $857,817 $123,204 $982,008 
Financing Receivable, Past Due
Past due loans (accruing and nonaccruing) are summarized as follows:
September 30, 2023Current30-89 Days
Past Due
90+ Days
Past Due
Total
Past Due
Total LoansRecorded
Investment
In Accruing
Loans 90+
Days Past Due
Nonaccrual
Loans
That Are
Current (a)
Commercial real estate loans$1,563 $— $— $— $1,563 $— $— 
Commercial and industrial1,027,364 14,680 9,760 24,440 1,051,804 9,760 37,721 
Consumer loans145,008 4,720 4,210 8,930 153,938 4,210 — 
Total loans$1,173,935 $19,400 $13,970 $33,370 $1,207,305 $13,970 $37,721 
December 31, 2022Current30-89 Days
Past Due
90+ Days
Past Due
Total
Past Due
Total LoansRecorded
Investment
In Accruing
Loans 90+
Days Past Due
Nonaccrual
Loans
That Are
Current (a)
Commercial real estate loans$987 $— $— $— $987 $— $— 
Commercial and industrial832,757 13,800 11,260 25,060 857,817 11,260 788 
Consumer loans115,054 3,470 4,680 8,150 123,204 4,680 — 
Total loans$948,798 $17,270 $15,940 $33,210 $982,008 $15,940 $788 
(a)    Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
Financing Receivable Credit Quality Indicators
Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows:
September 30, 2023Non - GradedPassSpecial
Mention
Sub-
standard
DoubtfulTotal Loans
Commercial real estate loans$— $1,555 $— $$— $1,563 
Commercial and industrial645,027 366,787 — 3,067 36,923 1,051,804 
Consumer loans153,938 — — — — 153,938 
Total loans$798,965 $368,342 $— $3,075 $36,923 $1,207,305 

December 31, 2022Non - GradedPassSpecial
Mention
Sub-
standard
DoubtfulTotal Loans
Commercial real estate loans$— $979 $— $$— $987 
Commercial and industrial566,419 287,041 — 3,569 788 857,817 
Consumer loans123,204 — — — — 123,204 
Total loans$689,623 $288,020 $— $3,577 $788 $982,008