XML 26 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Loans and Leases Held for Investment and Credit Quality
3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Loans and Leases Held for Investment and Credit Quality

Note 5. Loans and Leases Held for Investment and Credit Quality

The following tables present total loans and leases and an aging analysis for the Company’s portfolio segments. Loans and leases are considered past due if the required principal and interest payments have not been received as of the date such payments were due.

 

 

 

Current or Less than 30 Days Past Due

 

 

30-89 Days

Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Total Carried at Amortized Cost1

 

 

Loans Accounted for Under the Fair Value Option2

 

 

Total Loans and Leases

 

March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

$

762,178

 

 

$

 

 

$

12,545

 

 

$

12,545

 

 

$

774,723

 

 

$

299,291

 

 

$

1,074,014

 

Specialty Lending

 

 

431,358

 

 

 

 

 

 

 

 

 

 

 

 

431,358

 

 

 

73,751

 

 

 

505,109

 

Paycheck Protection Program

 

 

1,478,995

 

 

 

 

 

 

 

 

 

 

 

 

1,478,995

 

 

 

 

 

 

1,478,995

 

Total

 

 

2,672,531

 

 

 

 

 

 

12,545

 

 

 

12,545

 

 

 

2,685,076

 

 

 

373,042

 

 

 

3,058,118

 

Construction & Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

204,996

 

 

 

1,629

 

 

 

 

 

 

1,629

 

 

 

206,625

 

 

 

 

 

 

206,625

 

Specialty Lending

 

 

77,792

 

 

 

 

 

 

3,723

 

 

 

3,723

 

 

 

81,515

 

 

 

 

 

 

81,515

 

Total

 

 

282,788

 

 

 

1,629

 

 

 

3,723

 

 

 

5,352

 

 

 

288,140

 

 

 

 

 

 

288,140

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

1,176,005

 

 

 

 

 

 

11,854

 

 

 

11,854

 

 

 

1,187,859

 

 

 

313,466

 

 

 

1,501,325

 

Specialty Lending

 

 

173,531

 

 

 

 

 

 

6,606

 

 

 

6,606

 

 

 

180,137

 

 

 

19,776

 

 

 

199,913

 

Total

 

 

1,349,536

 

 

 

 

 

 

18,460

 

 

 

18,460

 

 

 

1,367,996

 

 

 

333,242

 

 

 

1,701,238

 

Commercial Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

346,206

 

 

 

2,325

 

 

 

2,055

 

 

 

4,380

 

 

 

350,586

 

 

 

84,513

 

 

 

435,099

 

Total

 

 

346,206

 

 

 

2,325

 

 

 

2,055

 

 

 

4,380

 

 

 

350,586

 

 

 

84,513

 

 

 

435,099

 

Total

 

$

4,651,061

 

 

$

3,954

 

 

$

36,783

 

 

$

40,737

 

 

$

4,691,798

 

 

$

790,797

 

 

$

5,482,595

 

Net deferred (fees) costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(25,841

)

Loan and Leases, Net of unearned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5,456,754

 

 

 

 

 

Current or Less than 30 Days Past Due

 

 

30-89 Days

Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Total Carried at Amortized Cost1

 

 

Loans Accounted for Under the Fair Value Option2

 

 

Total Loans and Leases

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

$

695,090

 

 

$

10,341

 

 

$

10,765

 

 

$

21,106

 

 

$

716,196

 

 

$

308,341

 

 

$

1,024,537

 

Specialty Lending

 

 

341,952

 

 

 

337

 

 

 

 

 

 

337

 

 

 

342,289

 

 

 

71,090

 

 

 

413,379

 

Paycheck Protection Program

 

 

1,528,180

 

 

 

 

 

 

 

 

 

 

 

 

1,528,180

 

 

 

 

 

 

1,528,180

 

Total

 

 

2,565,222

 

 

 

10,678

 

 

 

10,765

 

 

 

21,443

 

 

 

2,586,665

 

 

 

379,431

 

 

 

2,966,096

 

Construction & Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

183,087

 

 

 

 

 

 

 

 

 

 

 

 

183,087

 

 

 

 

 

 

183,087

 

Specialty Lending

 

 

88,890

 

 

 

 

 

 

3,723

 

 

 

3,723

 

 

 

92,613

 

 

 

 

 

 

92,613

 

Total

 

 

271,977

 

 

 

 

 

 

3,723

 

 

 

3,723

 

 

 

275,700

 

 

 

 

 

 

275,700

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

987,358

 

 

 

3,730

 

 

 

8,609

 

 

 

12,339

 

 

 

999,697

 

 

 

321,352

 

 

 

1,321,049

 

Specialty Lending

 

 

148,264

 

 

 

5,374

 

 

 

1,693

 

 

 

7,067

 

 

 

155,331

 

 

 

20,317

 

 

 

175,648

 

Total

 

 

1,135,622

 

 

 

9,104

 

 

 

10,302

 

 

 

19,406

 

 

 

1,155,028

 

 

 

341,669

 

 

 

1,496,697

 

Commercial Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

329,638

 

 

 

 

 

 

2,243

 

 

 

2,243

 

 

 

331,881

 

 

 

94,274

 

 

 

426,155

 

Total

 

 

329,638

 

 

 

 

 

 

2,243

 

 

 

2,243

 

 

 

331,881

 

 

 

94,274

 

 

 

426,155

 

Total

 

$

4,302,459

 

 

$

19,782

 

 

$

27,033

 

 

$

46,815

 

 

$

4,349,274

 

 

$

815,374

 

 

$

5,164,648

 

Net deferred (fees) costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(19,718

)

Loan and Leases, Net of unearned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5,144,930

 

 

(1)

Total loans and leases include $2.75 billion of U.S. government guaranteed loans as of March 31, 2021, of which $19.2 million is 90 days or more past due, $1.2 million is past due 30-89 days and $2.73 billion are current.  Total loans and leases include $2.61 billion of U.S. government guaranteed loans as of December 31, 2020, of which $12.9 million is 90 days or more past due, $16.7 million is past due 30-89 days and $2.58 billion are current.

(2)

The Company measures the carrying value of the retained portion of loans sold at fair value under ASC Subtopic 825-10. See Note 9. Fair Value of Financial Instruments for additional information.

 

 

Credit Quality Indicators

The following tables presents asset quality indicators by portfolio class and origination year.  See Note 5. Loans and Leases Held for Investment and Credit Quality in the Company’s 2020 Form 10-K for additional discussion around the asset quality indicators that the Company uses to manage and monitor credit risk.

 

 

 

Term Loans and Leases Amortized Cost Basis by Origination Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

Prior

 

 

Revolving Loans Amortized Cost Basis

 

 

Revolving Loans Converted to Term

 

 

Total1,2

 

March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 1 - 4

 

$

174,311

 

 

$

799,012

 

 

$

491,138

 

 

$

277,191

 

 

$

242,859

 

 

$

198,955

 

 

$

36,619

 

 

$

1,794

 

 

$

2,221,879

 

   Risk Grade 5

 

 

 

 

 

19,387

 

 

 

76,377

 

 

 

70,633

 

 

 

42,121

 

 

 

14,779

 

 

 

1,682

 

 

 

434

 

 

 

225,413

 

   Risk Grades 6 - 8

 

 

 

 

 

92

 

 

 

13,899

 

 

 

14,572

 

 

 

23,664

 

 

 

19,073

 

 

 

1,002

 

 

 

199

 

 

 

72,501

 

Total

 

 

174,311

 

 

 

818,491

 

 

 

581,414

 

 

 

362,396

 

 

 

308,644

 

 

 

232,807

 

 

 

39,303

 

 

 

2,427

 

 

 

2,519,793

 

Specialty Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 1 - 4

 

 

118,627

 

 

 

295,067

 

 

 

95,893

 

 

 

44,784

 

 

 

41,547

 

 

 

 

 

 

52,833

 

 

 

929

 

 

 

649,680

 

   Risk Grade 5

 

 

250

 

 

 

7,674

 

 

 

6,832

 

 

 

967

 

 

 

11,368

 

 

 

 

 

 

2,160

 

 

 

 

 

 

29,251

 

   Risk Grades 6 - 8

 

 

 

 

 

 

 

 

 

 

 

8,636

 

 

 

 

 

 

5,307

 

 

 

136

 

 

 

 

 

 

14,079

 

Total

 

 

118,877

 

 

 

302,741

 

 

 

102,725

 

 

 

54,387

 

 

 

52,915

 

 

 

5,307

 

 

 

55,129

 

 

 

929

 

 

 

693,010

 

Paycheck Protection Program

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 1 - 4

 

 

507,428

 

 

 

971,567

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,478,995

 

   Risk Grade 5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 6 - 8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

507,428

 

 

 

971,567

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,478,995

 

Total

 

$

800,616

 

 

$

2,092,799

 

 

$

684,139

 

 

$

416,783

 

 

$

361,559

 

 

$

238,114

 

 

$

94,432

 

 

$

3,356

 

 

$

4,691,798

 

 

 

 

2020

 

 

2019

 

 

2018

 

 

2017

 

 

2016

 

 

Prior

 

 

Revolving Loans Amortized Cost Basis

 

 

Revolving Loans Converted to Term

 

 

Total1,2

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 1 - 4

 

$

724,506

 

 

$

475,593

 

 

$

287,712

 

 

$

230,653

 

 

$

159,877

 

 

$

59,065

 

 

$

32,373

 

 

$

1,392

 

 

$

1,971,171

 

   Risk Grade 5

 

 

16,080

 

 

 

59,595

 

 

 

62,857

 

 

 

44,478

 

 

 

11,203

 

 

 

3,666

 

 

 

2,131

 

 

 

212

 

 

 

200,222

 

   Risk Grades 6 - 8

 

 

81

 

 

 

8,976

 

 

 

14,639

 

 

 

15,090

 

 

 

11,424

 

 

 

8,418

 

 

 

631

 

 

 

209

 

 

 

59,468

 

Total

 

 

740,667

 

 

 

544,164

 

 

 

365,208

 

 

 

290,221

 

 

 

182,504

 

 

 

71,149

 

 

 

35,135

 

 

 

1,813

 

 

 

2,230,861

 

Specialty Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 1 - 4

 

 

296,537

 

 

 

96,553

 

 

 

48,930

 

 

 

40,626

 

 

 

 

 

 

 

 

 

55,229

 

 

 

632

 

 

 

538,507

 

   Risk Grade 5

 

 

7,672

 

 

 

6,379

 

 

 

2,752

 

 

 

18,718

 

 

 

 

 

 

 

 

 

1,711

 

 

 

 

 

 

37,232

 

   Risk Grades 6 - 8

 

 

 

 

 

 

 

 

8,635

 

 

 

 

 

 

5,782

 

 

 

 

 

 

77

 

 

 

 

 

 

14,494

 

Total

 

 

304,209

 

 

 

102,932

 

 

 

60,317

 

 

 

59,344

 

 

 

5,782

 

 

 

 

 

 

57,017

 

 

 

632

 

 

 

590,233

 

Paycheck Protection Program

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 1 - 4

 

 

1,528,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,528,180

 

   Risk Grade 5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Risk Grades 6 - 8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

1,528,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,528,180

 

Total

 

$

2,573,056

 

 

$

647,096

 

 

$

425,525

 

 

$

349,565

 

 

$

188,286

 

 

$

71,149

 

 

$

92,152

 

 

$

2,445

 

 

$

4,349,274

 

 

 

(1)

Total loans and leases include $2.75 billion of U.S. government guaranteed loans as of March 31, 2021, segregated by risk grade as follows: Risk Grades 1 – 4 = $2.57 billion, Risk Grade 5 = $141.1 million, Risk Grades 6 – 8 = $47.6 million. As of December 31, 2020, total loans and leases include $2.61 billion of U.S. government guaranteed loans, segregated by risk grade as follows: Risk Grades 1 – 4 = $2.44 billion, Risk Grade 5 = $128.0 million, Risk Grades 6 – 8 = $40.9 million. Total loans and leases exclude loans accounted for under the fair value option.

(2)

Excludes $790.8 million and $815.4 million of loans accounted for under the fair value option as of March 31, 2021 and December 31, 2020, respectively.    

Nonaccrual Loans and Leases

As of March 31, 2021 and December 31, 2020 there were no loans greater than 90 days past due and still accruing. There was no interest income recognized on nonaccrual loans and leases during the three months ended March 31, 2021 and 2020. Nonaccrual loans and leases are generally included in the held for investment portfolio. Accrued interest receivable on loans totaled $38.1 million and $41.0 million at March 31, 2021 and December 31, 2020, respectively, and is included in other assets in the accompanying Unaudited Condensed Consolidated Balance Sheets.

Nonaccrual loans and leases held for investment as of March 31, 2021 and December 31, 2020 are as follows:

 

March 31, 2021

 

Loan and Lease

Balance1

 

 

Guaranteed

Balance

 

 

Unguaranteed Balance

 

 

Unguaranteed

Exposure with No ACL

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

$

23,249

 

 

$

15,612

 

 

$

7,637

 

 

$

271

 

Total

 

 

23,249

 

 

 

15,612

 

 

 

7,637

 

 

 

271

 

Construction & Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Lending

 

 

3,723

 

 

 

 

 

 

3,723

 

 

 

3,723

 

Total

 

 

3,723

 

 

 

 

 

 

3,723

 

 

 

3,723

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

21,738

 

 

 

10,409

 

 

 

11,329

 

 

 

6,054

 

Specialty Lending

 

 

6,606

 

 

 

5,071

 

 

 

1,535

 

 

 

1,228

 

Total

 

 

28,344

 

 

 

15,480

 

 

 

12,864

 

 

 

7,282

 

Commercial Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

2,055

 

 

 

1,541

 

 

 

514

 

 

 

 

Total

 

 

2,055

 

 

 

1,541

 

 

 

514

 

 

 

 

Total

 

$

57,371

 

 

$

32,633

 

 

$

24,738

 

 

$

11,276

 

 

 

December 31, 2020

 

Loan and Lease

Balance1

 

 

Guaranteed

Balance

 

 

Unguaranteed Balance

 

 

Unguaranteed

Exposure with No ACL

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

$

17,992

 

 

$

12,046

 

 

$

5,946

 

 

$

 

Total

 

 

17,992

 

 

 

12,046

 

 

 

5,946

 

 

 

 

Construction & Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Lending

 

 

3,723

 

 

 

 

 

 

3,723

 

 

 

3,723

 

Total

 

 

3,723

 

 

 

 

 

 

3,723

 

 

 

3,723

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

15,085

 

 

 

6,725

 

 

 

8,360

 

 

 

5,327

 

Specialty Lending

 

 

7,068

 

 

 

5,533

 

 

 

1,535

 

 

 

 

Total

 

 

22,153

 

 

 

12,258

 

 

 

9,895

 

 

 

5,327

 

Commercial Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

2,242

 

 

 

1,728

 

 

 

514

 

 

 

 

Total

 

 

2,242

 

 

 

1,728

 

 

 

514

 

 

 

 

Total

 

$

46,110

 

 

$

26,032

 

 

$

20,078

 

 

$

9,050

 

 

(1)

Excludes nonaccrual loans accounted for under the fair value option. See Note 9. Fair Value of Financial Instruments for additional information.

 

The following table presents the amortized cost basis of collateral-dependent loans and leases, which are individually evaluated to determine expected credit losses, as of March 31, 2021 and December 31, 2020:

 

 

 

Total Collateral Dependent Loans

 

 

Unguaranteed Portion

 

March 31, 2021

 

Real Estate

 

 

Business Assets

 

 

Other

 

 

Real Estate

 

 

Business Assets

 

 

Other

 

 

Allowance for Credit Losses

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

$

2,779

 

 

$

4,010

 

 

$

1,615

 

 

$

2,031

 

 

$

120

 

 

$

338

 

 

$

495

 

Total

 

 

2,779

 

 

 

4,010

 

 

 

1,615

 

 

 

2,031

 

 

 

120

 

 

 

338

 

 

 

495

 

Construction & Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Lending

 

 

3,767

 

 

 

 

 

 

 

 

 

3,767

 

 

 

 

 

 

 

 

 

 

Total

 

 

3,767

 

 

 

 

 

 

 

 

 

3,767

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

18,800

 

 

 

251

 

 

 

330

 

 

 

10,407

 

 

 

9

 

 

 

338

 

 

 

296

 

Specialty Lending

 

 

6,617

 

 

 

 

 

 

 

 

 

1,546

 

 

 

 

 

 

 

 

 

23

 

Total

 

 

25,417

 

 

 

251

 

 

 

330

 

 

 

11,953

 

 

 

9

 

 

 

338

 

 

 

319

 

Commercial Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

2,075

 

 

 

 

 

 

 

 

 

534

 

 

 

 

 

 

 

 

 

309

 

Total

 

 

2,075

 

 

 

 

 

 

 

 

 

534

 

 

 

 

 

 

 

 

 

309

 

Total

 

$

34,038

 

 

$

4,261

 

 

$

1,945

 

 

$

18,285

 

 

$

129

 

 

$

676

 

 

$

1,123

 

 

 

 

Total Collateral Dependent Loans

 

 

Unguaranteed Portion

 

December 31, 2020

 

Real Estate

 

 

Business Assets

 

 

Other

 

 

Real Estate

 

 

Business Assets

 

 

Other

 

 

Allowance for Credit Losses

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

$

1,279

 

 

$

9,440

 

 

$

197

 

 

$

531

 

 

$

4,077

 

 

$

66

 

 

$

1,281

 

Total

 

 

1,279

 

 

 

9,440

 

 

 

197

 

 

 

531

 

 

 

4,077

 

 

 

66

 

 

 

1,281

 

Construction & Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty Lending

 

 

3,767

 

 

 

 

 

 

 

 

 

3,767

 

 

 

 

 

 

 

 

 

 

Total

 

 

3,767

 

 

 

 

 

 

 

 

 

3,767

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

11,568

 

 

 

258

 

 

 

332

 

 

 

6,873

 

 

 

9

 

 

 

335

 

 

 

175

 

Specialty Lending

 

 

13,196

 

 

 

 

 

 

 

 

 

7,663

 

 

 

 

 

 

 

 

 

23

 

Total

 

 

24,764

 

 

 

258

 

 

 

332

 

 

 

14,536

 

 

 

9

 

 

 

335

 

 

 

198

 

Commercial Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

2,263

 

 

 

 

 

 

 

 

 

534

 

 

 

 

 

 

 

 

 

302

 

Total

 

 

2,263

 

 

 

 

 

 

 

 

 

534

 

 

 

 

 

 

 

 

 

302

 

Total

 

$

32,073

 

 

$

9,698

 

 

$

529

 

 

$

19,368

 

 

$

4,086

 

 

$

401

 

 

$

1,781

 

 


 

Allowance for Credit Losses - Loans and Leases

The following table details activity in the ACL by portfolio segment allowance for the periods presented:

 

Three Months Ended

 

Commercial

& Industrial

 

 

Construction &

Development

 

 

Commercial

Real Estate

 

 

Commercial

Land

 

 

Total

 

March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

26,941

 

 

$

5,663

 

 

$

18,148

 

 

$

1,554

 

 

$

52,306

 

Charge offs

 

 

(152

)

 

 

 

 

 

(517

)

 

 

(12

)

 

 

(681

)

Recoveries

 

 

9

 

 

 

 

 

 

1,656

 

 

 

 

 

 

1,665

 

Provision

 

 

(221

)

 

 

224

 

 

 

(641

)

 

 

(235

)

 

 

(873

)

Ending Balance

 

$

26,577

 

 

$

5,887

 

 

$

18,646

 

 

$

1,307

 

 

$

52,417

 

March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance, prior to adoption of ASC 326

 

$

15,757

 

 

$

2,732

 

 

$

8,427

 

 

$

1,318

 

 

$

28,234

 

Impact of adopting ASC 326

 

 

(4,561

)

 

 

1,131

 

 

 

1,916

 

 

 

193

 

 

 

(1,321

)

Charge offs

 

 

(2,345

)

 

 

 

 

 

(109

)

 

 

(408

)

 

 

(2,862

)

Recoveries

 

 

35

 

 

 

 

 

 

28

 

 

 

 

 

 

63

 

Provision

 

 

7,451

 

 

 

960

 

 

 

2,848

 

 

 

533

 

 

 

11,792

 

Ending Balance

 

$

16,337

 

 

$

4,823

 

 

$

13,110

 

 

$

1,636

 

 

$

35,906

 

 

The following tables represent the types of TDRs that were made during the periods presented:

 

 

Three Months Ended March 31, 2021

 

 

 

Interest Only

 

 

Payment Deferral

 

 

Extend Amortization

 

 

Other(1)

 

 

Total TDRs(2)

 

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

 

 

$

 

 

 

1

 

 

$

3,269

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

1

 

 

$

3,269

 

Total

 

 

 

 

 

 

 

 

1

 

 

 

3,269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

3,269

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

 

 

 

 

 

 

1

 

 

 

629

 

 

 

 

 

 

 

 

 

1

 

 

 

3,141

 

 

 

2

 

 

 

3,770

 

Total

 

 

 

 

 

 

 

 

1

 

 

 

629

 

 

 

 

 

 

 

 

 

1

 

 

 

3,141

 

 

 

2

 

 

 

3,770

 

Total

 

 

 

 

$

 

 

 

2

 

 

$

3,898

 

 

 

 

 

$

 

 

 

1

 

 

$

3,141

 

 

 

3

 

 

$

7,039

 

 

(1)

Includes one small business banking with extend amortization and a rate concession TDR.

(2)

Excludes loans accounted for under the fair value option. See Note 9. Fair Value of Financial Instruments for additional information.


 

 

 

Three Months Ended March 31, 2020

 

 

 

Interest Only

 

 

Payment Deferral

 

 

Extend Amortization

 

 

Other

 

 

Total TDRs(1)

 

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

 

Number of

Loans

 

 

Recorded investment at period end

 

Commercial & Industrial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

 

 

$

 

 

 

2

 

 

$

1,487

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

2

 

 

$

1,487

 

Specialty Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

973

 

 

 

 

 

 

 

 

 

1

 

 

 

973

 

Total

 

 

 

 

 

 

 

 

2

 

 

 

1,487

 

 

 

1

 

 

 

973

 

 

 

 

 

 

 

 

 

3

 

 

 

2,460

 

Commercial Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Small Business Banking

 

 

 

 

 

 

 

 

1

 

 

 

3,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

3,589

 

Total

 

 

 

 

 

 

 

 

1

 

 

 

3,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

3,589

 

Total

 

 

 

 

$

 

 

 

3

 

 

$

5,076

 

 

 

1

 

 

$

973

 

 

 

 

 

$

 

 

 

4

 

 

$

6,049

 

(1)

Excludes loans accounted for under the fair value option. See Note 9. Fair Value of Financial Instruments for additional information.

One TDR that was modified within the twelve months ended March 31, 2021 subsequently defaulted during the three months ended March 31, 2021. The TDR that defaulted was a Commercial Real Estate Small Business Banking loan that had previously been modified for a payment deferral and had a recorded investment of $629 thousand at March 31, 2021. No TDRs that were modified within the twelve months ended March 31, 2020 subsequently defaulted during the three months ended   March 31, 2020.