Loans

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Loans

Loans

A summary of loan balances follows:

(in thousands)	December 31, 2020		December 31, 2019
Commercial real estate:
CRE non-owner occupied	$	1,535,555	$	1,609,556
CRE owner occupied	624,375		546,434
Multifamily	639,480		517,725
Farmland	152,492		145,067
Total commercial real estate loans	2,951,902		2,818,782
Consumer:
SFR 1-4 1st DT liens	546,592		509,508
SFR HELOCs and junior liens	327,484		362,886
Other	78,032		82,656
Total consumer loans	952,108		955,050
Commercial and industrial	526,327		249,791
Construction	284,842		249,827
Agriculture production	44,164		32,633
Leases	3,784		1,283
Total loans, net of deferred loan fees and discounts	$	4,763,127	$	4,307,366
Total principal balance of loans owed, net of charge-offs	$	4,805,596	$	4,351,725
Unamortized net deferred loan fees	(16,984)		(8,927)
Discounts to principal balance of loans owed, net of charge-offs	(25,485)		(35,432)
Total loans, net of unamortized deferred loan fees and discounts	$	4,763,127	$	4,307,366
Allowance for credit losses	$	(91,847)	$	(30,616)

In March 2020, the Small Business Administration ("SBA") Paycheck Protection Program ("PPP") was created to help small businesses keep workers employed during the COVID-19 crisis. As of December 31, 2020, the total gross outstanding balance of Paycheck Protection Program (PPP) loans was $333,982,000, which net of approximately $7,212,000 in net deferred fee income, were included in the commercial and industrial loan category, as compared to total PPP originations of $438,510,000. During the twelve months ended December 31, 2020, the Company recognized $7,760,000 in fees on PPP loans.