Schedule of Accounts, Notes, Loans and Financing Receivable |
| | | | | | | | | | | | | | | | June 30, 2020 | | December 31, 2019 | | Total | | Percent of Total | | Total | | Percent of Total | Residential and other consumer: | |
| | |
| | |
| | |
| 1-4 single family residential | $ | 4,743,866 |
| | 19.9 | % | | $ | 4,953,936 |
| | 21.4 | % | Government insured residential | 826,238 |
| | 3.5 | % | | 698,644 |
| | 3.0 | % | Other consumer loans | 7,703 |
| | 0.1 | % | | 8,539 |
| | 0.1 | % | | 5,577,807 |
| | 23.5 | % | | 5,661,119 |
| | 24.5 | % | Commercial: | | | | | | | | Multi-family | 1,893,753 |
| | 7.9 | % | | 2,217,705 |
| | 9.6 | % | Non-owner occupied commercial real estate | 4,940,531 |
| | 20.7 | % | | 5,030,904 |
| | 21.7 | % | Construction and land | 246,609 |
| | 1.0 | % | | 243,925 |
| | 1.1 | % | Owner occupied commercial real estate | 2,041,346 |
| | 8.6 | % | | 2,062,808 |
| | 8.9 | % | Commercial and industrial | 4,691,326 |
| | 19.7 | % | | 4,655,349 |
| | 20.1 | % | PPP | 827,359 |
| | 3.5 | % | | — |
| | — | % | Pinnacle | 1,242,506 |
| | 5.1 | % | | 1,202,430 |
| | 5.2 | % | Bridge - franchise finance | 623,139 |
| | 2.6 | % | | 627,482 |
| | 2.6 | % | Bridge - equipment finance | 589,785 |
| | 2.5 | % | | 684,794 |
| | 3.0 | % | Mortgage warehouse lending | 1,160,728 |
| | 4.9 | % | | 768,472 |
| | 3.3 | % | | 18,257,082 |
| | 76.5 | % | | 17,493,869 |
| | 75.5 | % | Total loans | 23,834,889 |
| | 100.0 | % | | 23,154,988 |
| | 100.0 | % | Allowance for credit losses | (266,123 | ) | | | | (108,671 | ) | | | Loans, net | $ | 23,568,766 |
| | | | $ | 23,046,317 |
| | |
Premiums, discounts and deferred fees and costs, excluding the non-credit related discount on PCD loans, totaled $25 million and $50 million at June 30, 2020 and December 31, 2019, respectively. The amortized cost basis of residential PCD loans was $134 million and the related amount of non-credit discount was $135 million at June 30, 2020. The ACL related to PCD residential loans was $1.1 million and $1.7 million at June 30, 2020 and January 1, 2020, the date of initial adoption of ASU 2016-13, respectively. Included in the table above are direct or sales type finance leases totaling $757 million and $733 million at June 30, 2020 and December 31, 2019, respectively. The amount of income recognized from direct or sales type finance leases for the three and six months ended June 30, 2020 and 2019 totaled $5.3 million, $10.7 million, $5.5 million and $10.8 million, respectively and is recorded as interest income on loans in the consolidated statements of income. During the three and six months ended June 30, 2020 and 2019, the Company purchased 1-4 single family residential loans totaling $582 million, $1.1 billion, $589 million and $894 million, respectively. Purchases for the three and six months ended June 30, 2020 and 2019 included $243 million, $529 million, $151 million and $284 million, respectively, of government insured residential loans. At June 30, 2020 and December 31, 2019, the Company had pledged loans with a carrying value of approximately $11.0 billion and $10.2 billion, respectively, as security for FHLB advances, Federal Reserve discount window capacity and PPPLF borrowings. At June 30, 2020 and December 31, 2019, accrued interest receivable on loans totaled $108 million and $83 million, respectively, and is included in other assets in the accompanying consolidated balance sheets. The amount of interest income reversed on non-accrual loans was not material for the three and six months ended June 30, 2020. |
Financing Receivable, Past Due |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | December 31, 2019 | | Current | | 30 - 59 Days Past Due | | 60 - 89 Days Past Due | | 90 Days or More Past Due | | Total | | Current | | 30 - 59 Days Past Due | | 60 - 89 Days Past Due | | 90 Days or More Past Due | | Total | 1-4 single family residential | $ | 4,679,984 |
| | $ | 49,275 |
| | $ | 2,833 |
| | $ | 11,774 |
| | $ | 4,743,866 |
| | $ | 4,887,618 |
| | $ | 45,634 |
| | $ | 9,578 |
| | $ | 11,106 |
| | $ | 4,953,936 |
| Government insured residential | 51,276 |
| | 53,017 |
| | 52,620 |
| | 669,325 |
| | 826,238 |
| | 93,560 |
| | 45,347 |
| | 30,426 |
| | 529,311 |
| | 698,644 |
| Home equity loans and lines of credit | 1,478 |
| | 69 |
| | — |
| | — |
| | 1,547 |
| | 1,320 |
| | — |
| | — |
| | — |
| | 1,320 |
| Other consumer loans | 6,156 |
| | — |
| | — |
| | — |
| | 6,156 |
| | 7,219 |
| | — |
| | — |
| | — |
| | 7,219 |
| Multi-family | 1,858,695 |
| | 29,047 |
| | 6,011 |
| | — |
| | 1,893,753 |
| | 2,217,705 |
| | — |
| | — |
| | — |
| | 2,217,705 |
| Non-owner occupied commercial real estate | 4,859,344 |
| | 52,937 |
| | 7,979 |
| | 20,271 |
| | 4,940,531 |
| | 5,015,458 |
| | — |
| | 928 |
| | 14,518 |
| | 5,030,904 |
| Construction and land | 246,263 |
| | — |
| | — |
| | 346 |
| | 246,609 |
| | 240,647 |
| | 2,396 |
| | — |
| | 882 |
| | 243,925 |
| Owner occupied commercial real estate | 2,020,077 |
| | 1,081 |
| | 3,376 |
| | 16,812 |
| | 2,041,346 |
| | 2,041,352 |
| | 1,336 |
| | 4,420 |
| | 15,700 |
| | 2,062,808 |
| Commercial and industrial | 4,593,422 |
| | 20,855 |
| | 22,601 |
| | 54,448 |
| | 4,691,326 |
| | 4,595,847 |
| | 2,313 |
| | 4,301 |
| | 52,888 |
| | 4,655,349 |
| PPP | 827,359 |
| | — |
| | — |
| | — |
| | 827,359 |
| | — |
| | — |
| | — |
| | — |
| | — |
| Pinnacle | 1,242,506 |
| | — |
| | — |
| | — |
| | 1,242,506 |
| | 1,202,430 |
| | — |
| | — |
| | — |
| | 1,202,430 |
| Bridge - franchise finance | 596,136 |
| | — |
| | 625 |
| | 26,378 |
| | 623,139 |
| | 610,315 |
| | 3,840 |
| | 2,501 |
| | 10,826 |
| | 627,482 |
| Bridge - equipment finance | 589,785 |
| | — |
| | — |
| | — |
| | 589,785 |
| | 677,089 |
| | 7,705 |
| | — |
| | — |
| | 684,794 |
| Mortgage warehouse lending | 1,160,728 |
| | — |
| | — |
| | — |
| | 1,160,728 |
| | 768,472 |
| | — |
| | — |
| | — |
| | 768,472 |
| | $ | 22,733,209 |
| | $ | 206,281 |
| | $ | 96,045 |
| | $ | 799,354 |
| | $ | 23,834,889 |
| | $ | 22,359,032 |
| | $ | 108,571 |
| | $ | 52,154 |
| | $ | 635,231 |
| | $ | 23,154,988 |
|
|
Financing Receivable Credit Quality Indicators |
FICO scores are generally updated at least annually, and were most recently updated in the fourth quarter of 2019. LTVs are typically at origination since we do not routinely update residential appraisals. Substantially all of the government insured residential loans are government insured buyout loans, which the Company buys out of GNMA securitizations upon default. For these loans, traditional measures of credit quality are not particularly relevant considering the guaranteed nature of the loans and the underlying business model. Factors that impact risk inherent in the residential portfolio segment include national and regional economic conditions such as levels of unemployment and wages, as well as residential property values. 1-4 Single Family Residential credit exposure, excluding government insured residential loans, based on delinquency status: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | Amortized Cost By Origination Year | | | | 2020 | | 2019 | | 2018 | | 2017 | | 2016 | | Prior | | Total | Current | $ | 249,912 |
| | $ | 807,365 |
| | $ | 488,280 |
| | $ | 753,109 |
| | $ | 776,895 |
| | $ | 1,604,423 |
| | $ | 4,679,984 |
| 30 - 59 Days Past Due | 5,703 |
| | 11,477 |
| | 3,372 |
| | 2,701 |
| | 7,417 |
| | 18,605 |
| | 49,275 |
| 60 - 89 Days Past Due | — |
| | 720 |
| | 75 |
| | 53 |
| | 103 |
| | 1,882 |
| | 2,833 |
| 90 Days or More Past Due | — |
| | 807 |
| | 2,293 |
| | — |
| | 484 |
| | 8,190 |
| | 11,774 |
| | $ | 255,615 |
| | $ | 820,369 |
| | $ | 494,020 |
| | $ | 755,863 |
| | $ | 784,899 |
| | $ | 1,633,100 |
| | $ | 4,743,866 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2019 | | Amortized Cost By Origination Year | | | | 2019 | | 2018 | | 2017 | | 2016 | | 2015 | | Prior | | Total | Current | $ | 804,913 |
| | $ | 609,814 |
| | $ | 830,710 |
| | $ | 783,318 |
| | $ | 633,833 |
| | $ | 1,225,030 |
| | $ | 4,887,618 |
| 30 - 59 Days Past Due | 13,915 |
| | 3,003 |
| | 3,751 |
| | 8,419 |
| | 4,308 |
| | 12,238 |
| | 45,634 |
| 60 - 89 Days Past Due | 1,785 |
| | 442 |
| | 137 |
| | 486 |
| | 1,766 |
| | 4,962 |
| | 9,578 |
| 90 Days or More Past Due | — |
| | 1,762 |
| | 914 |
| | — |
| | 5,030 |
| | 3,400 |
| | 11,106 |
| | $ | 820,613 |
| | $ | 615,021 |
| | $ | 835,512 |
| | $ | 792,223 |
| | $ | 644,937 |
| | $ | 1,245,630 |
| | $ | 4,953,936 |
|
1-4 Single Family Residential credit exposure, excluding government insured residential loans, based on LTV: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | Amortized Cost By Origination Year | | | LTV | 2020 | | 2019 | | 2018 | | 2017 | | 2016 | | Prior | | Total | Less than 61% | $ | 99,728 |
| | $ | 180,025 |
| | $ | 106,359 |
| | $ | 202,355 |
| | $ | 276,035 |
| | $ | 519,410 |
| | $ | 1,383,912 |
| 61% - 70% | 62,031 |
| | 192,880 |
| | 110,546 |
| | 136,212 |
| | 184,600 |
| | 394,279 |
| | 1,080,548 |
| 71% - 80% | 92,387 |
| | 433,542 |
| | 245,829 |
| | 349,993 |
| | 300,153 |
| | 689,223 |
| | 2,111,127 |
| More than 80% | 1,469 |
| | 13,922 |
| | 31,286 |
| | 67,303 |
| | 24,111 |
| | 30,188 |
| | 168,279 |
| | $ | 255,615 |
| | $ | 820,369 |
| | $ | 494,020 |
| | $ | 755,863 |
| | $ | 784,899 |
| | $ | 1,633,100 |
| | $ | 4,743,866 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2019 | | Amortized Cost By Origination Year | | | LTV | 2019 | | 2018 | | 2017 | | 2016 | | 2015 | | Prior | | Total | Less than 61% | $ | 171,069 |
| | $ | 134,978 |
| | $ | 183,807 |
| | $ | 228,868 |
| | $ | 197,039 |
| | $ | 372,221 |
| | $ | 1,287,982 |
| 61% - 70 % | 195,572 |
| | 128,766 |
| | 152,502 |
| | 188,856 |
| | 154,307 |
| | 316,031 |
| | 1,136,034 |
| 71% - 80% | 442,311 |
| | 313,779 |
| | 404,743 |
| | 338,000 |
| | 283,202 |
| | 531,377 |
| | 2,313,412 |
| More than 80% | 11,661 |
| | 37,498 |
| | 94,460 |
| | 36,499 |
| | 10,389 |
| | 26,001 |
| | 216,508 |
| | $ | 820,613 |
| | $ | 615,021 |
| | $ | 835,512 |
| | $ | 792,223 |
| | $ | 644,937 |
| | $ | 1,245,630 |
| | $ | 4,953,936 |
|
1-4 Single Family Residential credit exposure, excluding government insured residential loans, based on FICO score: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | Amortized Cost By Origination Year | | | FICO | 2020 | | 2019 | | 2018 | | 2017 | | 2016 | | Prior | | Total | 760 or greater | $ | 168,920 |
| | $ | 482,818 |
| | $ | 298,650 |
| | $ | 521,199 |
| | $ | 573,011 |
| | $ | 1,093,732 |
| | $ | 3,138,330 |
| 720 - 759 | 70,279 |
| | 224,961 |
| | 112,407 |
| | 138,897 |
| | 131,205 |
| | 304,460 |
| | 982,209 |
| 719 or less | 16,416 |
| | 112,590 |
| | 82,963 |
| | 95,767 |
| | 80,683 |
| | 234,908 |
| | 623,327 |
| | $ | 255,615 |
| | $ | 820,369 |
| | $ | 494,020 |
| | $ | 755,863 |
| | $ | 784,899 |
| | $ | 1,633,100 |
| | $ | 4,743,866 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2019 | | Amortized Cost By Origination Year | | | FICO | 2019 | | 2018 | | 2017 | | 2016 | | 2015 | | Prior | | Total | 760 or greater | $ | 470,057 |
| | $ | 340,716 |
| | $ | 534,017 |
| | $ | 533,804 |
| | $ | 430,706 |
| | $ | 763,807 |
| | $ | 3,073,107 |
| 720 - 759 | 242,806 |
| | 185,939 |
| | 200,623 |
| | 178,139 |
| | 141,748 |
| | 307,195 |
| | 1,256,450 |
| 719 or less | 107,750 |
| | 88,366 |
| | 100,872 |
| | 80,280 |
| | 72,483 |
| | 174,628 |
| | 624,379 |
| | $ | 820,613 |
| | $ | 615,021 |
| | $ | 835,512 |
| | $ | 792,223 |
| | $ | 644,937 |
| | $ | 1,245,630 |
| | $ | 4,953,936 |
|
Credit quality indicators for commercial loans Factors that impact risk inherent in commercial portfolio segments include but are not limited to levels of economic activity, health of the national and regional economy, industry trends, patterns of and trends in customer behavior that influence demand for our borrowers' products and services, and commercial real estate values. Internal risk ratings are considered the most meaningful indicator of credit quality for commercial loans. Internal risk ratings are generally indicative of the likelihood that a borrower will default, are a key factor influencing the level and nature of ongoing monitoring of loans and may impact the estimation of the ACL. Internal risk ratings are updated on a continuous basis. Generally, relationships with balances in excess of defined thresholds, ranging from $1 million to $3 million, are re-evaluated at least annually and more frequently if circumstances indicate that a change in risk rating may be warranted. During the second quarter of 2020, risk ratings were re-evaluated for a substantial portion of the commercial portfolio, with a focus on portfolio segments we identified for enhanced monitoring and loans for which we granted temporary payment deferrals in light of the COVID-19 pandemic. Loans exhibiting potential credit weaknesses that deserve management’s close attention and that could result in deterioration of repayment prospects at some future date if not checked or corrected are categorized as special mention. Loans with well-defined credit weaknesses, including payment defaults, declining collateral values, frequent overdrafts, operating losses, increasing balance sheet leverage, inadequate cash flow, project cost overruns, unreasonable construction delays, past due real estate taxes or exhausted interest reserves, are assigned an internal risk rating of substandard. A loan with a weakness so severe that collection in full is highly questionable or improbable, but because of certain reasonably specific pending factors has not been charged off, will be assigned an internal risk rating of doubtful. Commercial credit exposure based on internal risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | Amortized Cost By Origination Year | | Revolving Loans | | | | 2020 | | 2019 | | 2018 | | 2017 | | 2016 | | Prior | | | Total | Multi-Family | | | | | | | | | | | | | | | | Pass | $ | 42,877 |
| | $ | 316,733 |
| | $ | 190,227 |
| | $ | 210,681 |
| | $ | 347,973 |
| | $ | 633,791 |
| | $ | 39,607 |
| | $ | 1,781,889 |
| Special mention | — |
| | 8,149 |
| | 15,767 |
| | 19,512 |
| | 6,209 |
| | 7,587 |
| | — |
| | 57,224 |
| Substandard | — |
| | — |
| | — |
| | 2,845 |
| | 9,801 |
| | 41,994 |
| | — |
| | 54,640 |
| Total Multi-Family | $ | 42,877 |
| | $ | 324,882 |
| | $ | 205,994 |
| | $ | 233,038 |
| | $ | 363,983 |
| | $ | 683,372 |
| | $ | 39,607 |
| | $ | 1,893,753 |
| | | | | | | | | | | | | | | | | Non-owner occupied commercial real estate | | | | | | | | | | | | | | | | Pass | $ | 238,451 |
| | $ | 1,202,138 |
| | $ | 736,973 |
| | $ | 509,446 |
| | $ | 590,992 |
| | $ | 814,514 |
| | $ | 107,772 |
| | $ | 4,200,286 |
| Special mention | — |
| | 46,971 |
| | 96,563 |
| | 47,930 |
| | 166,139 |
| | 112,887 |
| | — |
| | 470,490 |
| Substandard | 4,568 |
| | 32,746 |
| | 5,029 |
| | 437 |
| | 100,748 |
| | 126,227 |
| | — |
| | 269,755 |
| Total non-owner occupied commercial real estate | $ | 243,019 |
| | $ | 1,281,855 |
| | $ | 838,565 |
| | $ | 557,813 |
| | $ | 857,879 |
| | $ | 1,053,628 |
| | $ | 107,772 |
| | $ | 4,940,531 |
| | | | | | | | | | | | | | | | | Construction and Land | | | | | | | | | | | | | | | | Pass | $ | 7,208 |
| | $ | 125,429 |
| | $ | 13,619 |
| | $ | 50,020 |
| | $ | 27,336 |
| | $ | 917 |
| | $ | 243 |
| | $ | 224,772 |
| Special mention | — |
| | 1,393 |
| | 2,965 |
| | 8,604 |
| | 4,284 |
| | — |
| | — |
| | 17,246 |
| Substandard | — |
| | — |
| | 888 |
| | — |
| | 3,357 |
| | 346 |
| | — |
| | 4,591 |
| Total Construction and Land | $ | 7,208 |
| | $ | 126,822 |
| | $ | 17,472 |
| | $ | 58,624 |
| | $ | 34,977 |
| | $ | 1,263 |
| | $ | 243 |
| | $ | 246,609 |
| | | | | | | | | | | | | | | | | Owner occupied commercial real estate | | | | | | | | | | | | | | | | Pass | $ | 128,795 |
| | $ | 303,522 |
| | $ | 276,367 |
| | $ | 267,267 |
| | $ | 311,485 |
| | $ | 466,194 |
| | $ | 39,586 |
| | $ | 1,793,216 |
| Special mention | 2,635 |
| | 26,410 |
| | 15,528 |
| | 57,102 |
| | 41,321 |
| | 34,201 |
| | 2,108 |
| | 179,305 |
| Substandard | — |
| | 8,691 |
| | 17,520 |
| | 12,203 |
| | 2,863 |
| | 18,327 |
| | 9,221 |
| | 68,825 |
| Total owner occupied commercial real estate | $ | 131,430 |
| | $ | 338,623 |
| | $ | 309,415 |
| | $ | 336,572 |
| | $ | 355,669 |
| | $ | 518,722 |
| | $ | 50,915 |
| | $ | 2,041,346 |
| | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | Pass | $ | 356,049 |
| | $ | 940,865 |
| | $ | 344,774 |
| | $ | 295,769 |
| | $ | 204,049 |
| | $ | 64,485 |
| | $ | 1,989,034 |
| | $ | 4,195,025 |
| Special mention | 611 |
| | 81,305 |
| | 33,987 |
| | 2,252 |
| | 28,507 |
| | 6,818 |
| | 89,918 |
| | 243,398 |
| Substandard | 600 |
| | 46,973 |
| | 43,472 |
| | 33,272 |
| | 18,949 |
| | 53,470 |
| | 56,167 |
| | 252,903 |
| Total commercial and industrial | $ | 357,260 |
| | $ | 1,069,143 |
| | $ | 422,233 |
| | $ | 331,293 |
| | $ | 251,505 |
| | $ | 124,773 |
| | $ | 2,135,119 |
| | $ | 4,691,326 |
| | | | | | | | | | | | | | | | | PPP | | | | | | | | | | | | | | | | Pass | $ | 827,359 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 827,359 |
| PPP | $ | 827,359 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 827,359 |
| | | | | | | | | | | | | | | | | Pinnacle | | | | | | | | | | | | | | | | Pass | $ | 125,882 |
| | $ | 134,838 |
| | $ | 92,537 |
| | $ | 232,269 |
| | $ | 227,317 |
| | $ | 429,663 |
| | $ | — |
| | $ | 1,242,506 |
| Total Pinnacle | $ | 125,882 |
| | $ | 134,838 |
| | $ | 92,537 |
| | $ | 232,269 |
| | $ | 227,317 |
| | $ | 429,663 |
| | $ | — |
| | $ | 1,242,506 |
| | | | | | | | | | | | | | | | | Bridge - Franchise Finance | | | | | | | | | | | | | | | | Pass | $ | 42,004 |
| | $ | 97,036 |
| | $ | 27,760 |
| | $ | 12,666 |
| | $ | 14,456 |
| | $ | 12,357 |
| | $ | — |
| | $ | 206,279 |
| Special mention | 42,611 |
| | 154,808 |
| | 73,602 |
| | 37,731 |
| | 11,255 |
| | 7,368 |
| | — |
| | 327,375 |
| Substandard | 549 |
| | 15,494 |
| | 45,185 |
| | 5,173 |
| | 17,778 |
| | 4,357 |
| | — |
| | 88,536 |
| Doubtful | — |
| | — |
| | — |
| | — |
| | 949 |
| | — |
| | — |
| | 949 |
| Total Bridge - Franchise Finance | $ | 85,164 |
| | $ | 267,338 |
| | $ | 146,547 |
| | $ | 55,570 |
| | $ | 44,438 |
| | $ | 24,082 |
| | $ | — |
| | $ | 623,139 |
| | | | | | | | | | | | | | | | | Bridge - Equipment Finance | | | | | | | | | | | | | | | | Pass | $ | 24,349 |
| | $ | 193,227 |
| | $ | 103,434 |
| | $ | 94,667 |
| | $ | 54,544 |
| | $ | 67,486 |
| | $ | — |
| | $ | 537,707 |
| Special mention | — |
| | 6,634 |
| | 9,510 |
| | 27,050 |
| | — |
| | — |
| | — |
| | 43,194 |
| Substandard | — |
| | 3,608 |
| | 4,128 |
| | — |
| | 1,005 |
| | 143 |
| | — |
| | 8,884 |
| Total Bridge - Equipment Finance | $ | 24,349 |
| | $ | 203,469 |
| | $ | 117,072 |
| | $ | 121,717 |
| | $ | 55,549 |
| | $ | 67,629 |
| | $ | — |
| | $ | 589,785 |
| | | | | | | | | | | | | | | | | Mortgage Warehouse Lending | | | | | | | | | | | | | | | | Pass | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,160,728 |
| | $ | 1,160,728 |
| Total Mortgage Warehouse Lending | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 1,160,728 |
| | $ | 1,160,728 |
|
At June 30, 2020, the balance of revolving loans converted to term loans was immaterial. The following tables summarize the Company's commercial credit exposure based on internal risk rating, in aggregate, at the dates indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2020 | | Multi-Family | | Non-Owner Occupied Commercial Real Estate | | Construction and Land | | Owner Occupied Commercial Real Estate | | Commercial and Industrial | | PPP | | Pinnacle | | Bridge - Franchise Finance | | Bridge - Equipment Finance | | Mortgage Warehouse Lending | | Total | Pass | $ | 1,781,889 |
| | $ | 4,200,286 |
| | $ | 224,772 |
| | $ | 1,793,216 |
| | $ | 4,195,025 |
| | $ | 827,359 |
| | $ | 1,242,506 |
| | $ | 206,279 |
| | $ | 537,707 |
| | $ | 1,160,728 |
| | $ | 16,169,767 |
| Special mention | 57,224 |
| | 470,490 |
| | 17,246 |
| | 179,305 |
| | 243,398 |
| | — |
| | — |
| | 327,375 |
| | 43,194 |
| | — |
| | 1,338,232 |
| Substandard(1) | 54,640 |
| | 269,755 |
| | 4,591 |
| | 68,825 |
| | 252,903 |
| | — |
| | — |
| | 88,536 |
| | 8,884 |
| | — |
| | 748,134 |
| Doubtful | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 949 |
| | — |
| | — |
| | 949 |
| | $ | 1,893,753 |
| | $ | 4,940,531 |
| | $ | 246,609 |
| | $ | 2,041,346 |
| | $ | 4,691,326 |
| | $ | 827,359 |
| | $ | 1,242,506 |
| | $ | 623,139 |
| | $ | 589,785 |
| | $ | 1,160,728 |
| | $ | 18,257,082 |
|
| | (1) | Includes $561 million of substandard accruing loans at June 30, 2020. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2019 | | Multi-Family | | Non-Owner Occupied Commercial Real Estate | | Construction and Land | | Owner Occupied Commercial Real Estate | | Commercial and Industrial | | Pinnacle | | Bridge - Franchise Finance | | Bridge - Equipment Finance | | Mortgage Warehouse Lending | | Total | Pass | $ | 2,184,771 |
| | $ | 4,932,279 |
| | $ | 240,734 |
| | $ | 1,991,556 |
| | $ | 4,508,563 |
| | $ | 1,202,430 |
| | $ | 562,042 |
| | $ | 663,855 |
| | $ | 768,472 |
| | $ | 17,054,702 |
| Special mention | — |
| | 5,831 |
| | — |
| | 27,870 |
| | 28,498 |
| | — |
| | 10,682 |
| | — |
| | — |
| | 72,881 |
| Substandard (1) | 32,934 |
| | 92,794 |
| | 3,191 |
| | 43,382 |
| | 118,288 |
| | — |
| | 54,758 |
| | 20,939 |
| | — |
| | 366,286 |
| | $ | 2,217,705 |
| | $ | 5,030,904 |
| | $ | 243,925 |
| | $ | 2,062,808 |
| | $ | 4,655,349 |
| | $ | 1,202,430 |
| | $ | 627,482 |
| | $ | 684,794 |
| | $ | 768,472 |
| | $ | 17,493,869 |
|
| | (1) | Includes $180 million of substandard accruing loans at December 31, 2019. |
|