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.
|