Allowance for Credit Losses

12 Months Ended

Dec. 31, 2020

Allowance For Loan And Lease Losses [Abstract]

Allowance for Credit Losses

Allowance for Credit Losses

The allowance for credit losses (ACL) was $91,847,000 as of December 31, 2020 as compared to $49,529,000 as of the adoption date of the current expected credit loss accounting standard and related methodology on January 1, 2020. Changes in loan volume and changes in credit quality associated with levels of classified, past due and non-performing loans in addition to changes in qualitative factors, result in the need for changes in the balance of the allowance for credit losses. In addition to the quantitative loan portfolio credit quality characteristics which are illustrated in the following tabular disclosures, the Company’s expected credit loss methodology incorporates the use of qualitative factors. The two most critical qualitative factors utilized by the Company include the actual and forecasted changes in both California unemployment and U.S. gross domestic product. During the year ended December 31, 2020, these qualitative factors experienced significant volatility and deterioration which resulted in a significant increase in the related component of the allowance for credit losses. The table below sets forth the components of the Company’s allowance for credit losses as of the dates indicated.

(dollars in thousands)	December 31, 2020		January 1, 2020		December 31, 2019
Allowance for credit losses:
Qualitative and forecast factor allowance	$	61,935	$	21,830	$	12,146
Quantitative (Cohort) model allowance reserves	28,462		26,900		17,529
Total allowance for credit losses	90,397		48,730		29,675
Allowance for individually evaluated loans	1,450		799		935
Allowance for PCD loan losses	—		—		n/a
Allowance for PCI loan losses	n/a		n/a		6
Total allowance for credit losses	$	91,847	$	49,529	$	30,616

The following tables summarize the activity in the allowance for loan losses, and ending balance of loans, net of unearned fees for the periods indicated.

	Allowance for Credit Losses – December 31, 2020
(in thousands)	Beginning Balance		Impact of CECL Adoption		Charge-offs		Recoveries		Provision		Ending  Balance
Commercial real estate:
CRE non-owner occupied	$	5,948	$	6,701	$	—	$	198	$	16,533	$	29,380
CRE owner occupied	2,027		2,281		—		28		6,525		10,861
Multifamily	3,352		2,281		—		—		5,839		11,472
Farmland	668		585		(182)		—		909		1,980
Total commercial real estate loans	11,995		11,848		(182)		226		29,806		53,693
Consumer:
SFR 1-4 1st DT liens	2,306		2,675		(13)		416		4,733		10,117
SFR HELOCs and junior liens	6,183		4,638		(116)		304		762		11,771
Other	1,595		971		(670)		347		1,017		3,260
Total consumer loans	10,084		8,284		(799)		1,067		6,512		25,148
Commercial and industrial	4,867		(1,961)		(774)		568		1,552		4,252
Construction	3,388		933		—		—		3,219		7,540
Agriculture production	261		(179)		—		24		1,103		1,209
Leases	21		(12)		—		—		(4)		5
Allowance for credit losses on loans	30,616		18,913		(1,755)		1,885		42,188		91,847
Reserve for unfunded commitments	2,775		—		—		—		625		3,400
Total	$	33,391	$	18,913	$	(1,755)	$	1,885	$	42,813	$	95,247

	Allowance for Loan Losses – December 31, 2019
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision		Ending  Balance
Commercial real estate:
CRE non-owner occupied	$	7,401	$	—	$	1,486	$	(2,939)	$	5,948
CRE owner occupied	2,711		(746)		42		20		2,027
Multifamily	2,429		—		—		923		3,352
Farmland	403		—		—		265		668
Total commercial real estate loans	12,944		(746)		1,528		(1,731)		11,995
Consumer:
SFR 1-4 1st DT liens	2,676		(2)		54		(422)		2,306
SFR HELOCs and junior liens	7,582		(3)		935		(2,331)		6,183
Other	793		(765)		321		1,246		1,595
Total consumer loans	11,051		(770)		1,310		(1,507)		10,084
Commercial and industrial	5,610		(2,104)		513		848		4,867
Construction	2,497		—		—		891		3,388
Agriculture production	480		(19)		12		(212)		261
Leases	—		—		—		21		21
Allowance for loan losses	$	32,582	$	(3,639)	$	3,363	$	(1,690)	$	30,616
	Reserve for Unfunded Commitments - December 31, 2019
Reserve for unfunded commitments	$	2,575	$	—	$	—	$	200	$	2,775

	Allowance for Loan Losses – December 31, 2018
(in thousands)	Beginning Balance		Charge-offs		Recoveries		Provision		Ending  Balance
Commercial real estate:
CRE non-owner occupied	$	6,693	$	(15)	$	47	$	676	$	7,401
CRE owner occupied	2,686		—		20		5		2,711
Multifamily	1,491		—		—		938		2,429
Farmland	571		—		—		(168)		403
Total commercial real estate loans	11,441		(15)		67		1,451		12,944
Consumer:
SFR 1-4 1st DT liens	2,317		(77)		—		436		2,676
SFR HELOCs and junior liens	7,641		(301)		1,143		(901)		7,582
Other	586		(783)		288		702		793
Total consumer loans	10,544		(1,161)		1,431		237		11,051
Commercial and industrial	5,757		(1,103)		445		511		5,610
Construction	1,826		—		—		671		2,497
Agriculture production	755		(85)		97		(287)		480
Leases	—		—		—		—		—
Allowance for loan losses	$	30,323	$	(2,364)	$	2,040	$	2,583	$	32,582
	Reserve for Unfunded Commitments - December 31, 2018
Reserve for unfunded commitments	$	3,164	$	—	$	—	$	(589)	$	2,575

As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including, but not limited to, trends relating to (i) the level of criticized and classified loans, (ii) net charge-offs, (iii) non-performing loans, and (iv) delinquency within the portfolio. The Company analyzes loans individually to classify the loans as to credit risk and grading. This analysis is performed annually for all outstanding balances greater than $1,000,000 and non-homogeneous loans, such as commercial real estate loans, unless other indicators, such as delinquency, trigger more frequent evaluation. Loans below the $1,000,000 threshold and homogenous in nature are evaluated as needed for proper grading based on delinquency and borrower credit scores.

Collateral values may be determined by appraisals obtained through Bank approved, licensed appraisers, qualified independent third parties, public value information (blue book values for autos), sales invoices, or other appropriate means. Appropriate valuations are obtained at initiation of the credit and periodically (every 3-12 months depending on collateral type) once repayment is questionable and the loan has been classified.

The Company utilizes a risk grading system to assign a risk grade to each of its loans. Loans are graded on a scale ranging from Pass to Loss. A description of the general characteristics of the risk grades is as follows:

•Pass – This grade represents loans ranging from acceptable to very little or no credit risk. These loans typically meet most if not all policy standards in regard to: loan amount as a percentage of collateral value, debt service coverage, profitability, leverage, and working capital.

•Special Mention – This grade represents “Other Assets Especially Mentioned” in accordance with regulatory guidelines and includes loans that display some potential weaknesses which, if left unaddressed, may result in deterioration of the repayment prospects for the asset or may inadequately protect the Company’s position in the future. These loans warrant more than normal supervision and attention.

•Substandard – This grade represents “Substandard” loans in accordance with regulatory guidelines. Loans within this rating typically exhibit weaknesses that are well defined to the point that repayment is jeopardized. Loss potential is, however, not necessarily evident. The underlying collateral supporting the credit appears to have sufficient value to protect the Company from loss of principal and accrued interest, or the loan has been written down to the point where this is true. There is a definite need for a well-defined workout/rehabilitation program.

•Doubtful – This grade represents “Doubtful” loans in accordance with regulatory guidelines. An asset classified as Doubtful has all the weaknesses inherent in a loan classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and financing plans.

•Loss – This grade represents “Loss” loans in accordance with regulatory guidelines. A loan classified as Loss is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan, even though some recovery may be affected in the future. The portion of the loan that is graded loss should be charged off no later than the end of the quarter in which the loss is identified.

The following tables present ending loan balances by loan category and risk grade for the periods indicated:

	Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2020
(in thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial real estate:
CRE non-owner occupied risk ratings
Pass	$	120,520	$	207,899	$	155,730	$	256,677	$	179,523	$	460,644	$	76,730	$	—	$	1,457,723
Special Mention	—		7,455		11,692		5,407		15,773		18,832		12,205		—		71,364
Substandard	—		—		1,449		584		2,147		2,288		—		—		6,468
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total CRE non-owner occupied risk ratings	$	120,520	$	215,354	$	168,871	$	262,668	$	197,443	$	481,764	$	88,935	$	—	$	1,535,555

Commercial real estate:
CRE owner occupied risk ratings
Pass	$	105,896	$	75,144	$	53,816	$	58,371	$	54,541	$	227,828	$	25,508	$	—	$	601,104
Special Mention	—		—		288		7,451		2,955		6,140		—		—		16,834
Substandard	—		1,533		1,301		475		1,306		1,822		—		—		6,437
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total CRE owner occupied risk ratings	$	105,896	$	76,677	$	55,405	$	66,297	$	58,802	$	235,790	$	25,508	$	—	$	624,375

	Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2020
(in thousands)	2020		2019			2018			2017			2016			Prior			Revolving Loans Amortized Cost Basis			Revolving Loans Converted to Term		Total
Commercial real estate:
Multifamily risk ratings
Pass	$	77,646	$	118,725		$	113,882		$	70,112		$	67,457		$	123,518		$	19,007		$	—	$	590,347
Special Mention	9,441		—		—	—			603			24,687			772			9,259			—		44,762
Substandard	—		4,371			—		—	—		—	—		—	—		—	—		—	—		4,371
Doubtful/Loss	—		—			—			—			—			—			—			—		—
Total multifamily loans	$	87,087	$	123,096		$	113,882		$	70,715		$	92,144		$	124,290		$	28,266		$	—	$	639,480

Commercial real estate:
Farmland risk ratings
Pass	$	17,640	$	25,003	$	19,148	$	12,834	$	7,377	$	17,129	$	39,411	$	—	$	138,542
Special Mention	—		2,567		—		1,271		227		3,107		2,258		—		9,430
Substandard	—		700		—		602		—		1,214		2,004		—		4,520
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total farmland loans	$	17,640	$	28,270	$	19,148	$	14,707	$	7,604	$	21,450	$	43,673	$	—	$	152,492

Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	183,719	$	80,717	$	36,342	$	53,001	$	46,467	$	126,465	$	76	$	5,507	$	532,294
Special Mention	—		290		684		110		15		2,936		—		934		4,969
Substandard	—		—		1,174		929		935		5,763		—		528		9,329
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total SFR 1st DT liens	$	183,719	$	81,007	$	38,200	$	54,040	$	47,417	$	135,164	$	76	$	6,969	$	546,592

Consumer loans:
SFR HELOCs and Junior Liens risk ratings
Pass	$	793	$	—	$	13	$	360	$	300	$	910	$	297,160	$	14,051	$	313,587
Special Mention	—		—		16		—		—		83		4,504		789		5,392
Substandard	—		—		—		—		—		39		6,698		1,768		8,505
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total SFR HELOCs and Junior Liens	$	793	$	—	$	29	$	360	$	300	$	1,032	$	308,362	$	16,608	$	327,484

Consumer loans:
Other risk ratings
Pass	$	25,876	$	29,539	$	14,170	$	4,238		$	1,020	$	967	$	986	$	—	$	76,796
Special Mention	43		208		147		74			24		65		90		—		651
Substandard	58		82		210		74			12		140		9		—		585
Doubtful/Loss	—		—		—		—		—	—		—		—		—		—
Total other consumer loans	$	25,977	$	29,829	$	14,527	$	4,386		$	1,056	$	1,172	$	1,085	$	—	$	78,032

	Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2020
(in thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial and industrial loans:
Commercial and industrial risk ratings
Pass	$	356,701	$	48,838	$	20,463	$	13,151	$	5,185	$	9,490	$	65,938	$	1,085	$	520,851
Special Mention	—		102		698		195		20		178		207		11		1,411
Substandard	—		301		53		1,142		823		148		1,519		79		4,065
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total commercial and industrial loans	$	356,701	$	49,241	$	21,214	$	14,488	$	6,028	$	9,816	$	67,664	$	1,175	$	526,327

Construction loans:
Construction risk ratings
Pass	$	69,133	$	41,786	$	92,191	$	51,082	$	20,868	$	2,876	$	—	$	—	$	277,936
Special Mention	—		—		—		346		—		1,780		—		—		2,126
Substandard	—		—		—		—		4,529		251		—		—		4,780
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total construction loans	$	69,133	$	41,786	$	92,191	$	51,428	$	25,397	$	4,907	$	—	$	—	$	284,842

Agriculture production loans:
Agriculture production risk ratings
Pass	$	977	$	2,079	$	1,590	$	1,838	$	663	$	708	$	36,051	$	—	$	43,906
Special Mention	—		—		203		—		49		—		—		—		252
Substandard	—		—		—		—		6		—		—		—		6
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total agriculture production loans	$	977	$	2,079	$	1,793	$	1,838	$	718	$	708	$	36,051	$	—	$	44,164

Leases:
Lease risk ratings
Pass	$	3,784	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,784
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total leases	$	3,784	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,784

Total loans outstanding:
Risk ratings
Pass	$	962,685	$	629,730	$	507,345	$	521,664	$	383,401	$	970,535	$	560,867	$	20,643	$	4,556,870
Special Mention	9,484		10,622		13,728		15,457		43,750		33,893		28,523		1,734		157,191
Substandard	58		6,987		4,187		3,806		9,758		11,665		10,230		2,375		49,066
Doubtful/Loss	—		—		—		—		—		—		—		—		—
Total loans outstanding	$	972,227	$	647,339	$	525,260	$	540,927	$	436,909	$	1,016,093	$	599,620	$	24,752	$	4,763,127

The following information related to loan originations by vintage are presented for comparison purposes only.

	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019
(in thousands)	2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Commercial real estate:
CRE non-owner occupied risk ratings
Pass	$	253,321	$	174,869	$	287,183	$	221,864	$	578,255	$	77,070	$	—	$	1,592,562
Special Mention	—		—		3,182		8,401		616		—		—		12,199
Substandard	—		1,183		474		—		3,138		—		—		4,795
Doubtful/Loss	—		—		—		—		—		—		—		—
Total CRE non-owner occupied risk ratings	$	253,321	$	176,052	$	290,839	$	230,265	$	582,009	$	77,070	$	—	$	1,609,556

Commercial real estate:
CRE owner occupied risk ratings
Pass	$	57,376	$	54,298	$	73,019	$	69,136	$	263,750	$	18,524	$	—	$	536,103
Special Mention	—		—		437		745		3,459		—		—		4,641
Substandard	601		—		493		726		3,870		—		—		5,690
Doubtful/Loss	—		—		—		—		—		—		—		—
Total CRE owner occupied risk ratings	$	57,977	$	54,298	$	73,949	$	70,607	$	271,079	$	18,524	$	—	$	546,434

Commercial real estate:
Multifamily risk ratings
Pass	$	82,435	$	112,739	$	41,673	$	99,170	$	141,040	$	36,061	$	—	$	513,118
Special Mention	—		—		—		—		1,103		1,480		—		2,583
Substandard	—		—		—		2,024		—		—		—		2,024
Doubtful/Loss	—		—		—		—		—		—		—		—
Total multifamily loans	$	82,435	$	112,739	$	41,673	$	101,194	$	142,143	$	37,541	$	—	$	517,725

Commercial real estate:
Farmland risk ratings
Pass	$	26,786	$	21,212	$	12,248	$	9,618	$	22,471	$	41,783	$	—	$	134,118
Special Mention	—		—		1,346		226		3,289		774		—		5,635
Substandard	—		—		624		466		2,929		1,295		—		5,314
Doubtful/Loss	—		—		—		—		—		—		—		—
Total farmland loans	$	26,786	$	21,212	$	14,218	$	10,310	$	28,689	$	43,852	$	—	$	145,067

Consumer loans:
SFR 1-4 1st DT liens risk ratings
Pass	$	102,612	$	63,542	$	73,195	$	65,051	$	187,972	$	—	$	6,242	$	498,614
Special Mention	—		—		1,408		19		2,564		—		723		4,714
Substandard	—		813		711		52		4,050		—		554		6,180
Doubtful/Loss	—		—		—		—		—		—		—		—
Total SFR 1st DT liens	$	102,612	$	64,355	$	75,314	$	65,122	$	194,586	$	—	$	7,519	$	509,508

	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019
(in thousands)	2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Consumer loans:
SFR HELOCs and Junior Liens risk ratings
Pass	$	1,412	$	14	$	382	$	403	$	2,077	$	327,589	$	19,531	$	351,408
Special Mention	—		20		—		—		4		4,189		1,169		5,382
Substandard	—		—		—		156		14		4,208		1,718		6,096
Doubtful/Loss	—		—		—		—		—		—		—		—
Total SFR HELOCs and Junior Liens	$	1,412	$	34	$	382	$	559	$	2,095	$	335,986	$	22,418	$	362,886

Consumer loans:
Other risk ratings
Pass	$	45,876	$	23,045	$	7,176	$	2,245	$	2,071	$	1,402	$	—	$	81,815
Special Mention	56		182		176		52		161		91		—		718
Substandard	60		—		13		—		35		15		—		123
Doubtful/Loss	—		—		—		—		—		—		—		—
Total other consumer loans	$	45,992	$	23,227	$	7,365	$	2,297	$	2,267	$	1,508	$	—	$	82,656

Commercial and industrial loans:
Commercial and industrial risk ratings
Pass	$	61,720	$	31,149	$	24,176	$	10,747	$	16,346	$	96,654	$	973	$	241,765
Special Mention	—		339		1,141		151		164		1,921		110		3,826
Substandard	—		47		1,281		1,571		401		814		86		4,200
Doubtful/Loss	—		—		—		—		—		—		—		—
Total commercial and industrial loans	$	61,720	$	31,535	$	26,598	$	12,469	$	16,911	$	99,389	$	1,169	$	249,791

Construction loans:
Construction risk ratings
Pass	$	50,275	$	92,449	$	76,042	$	18,973	$	7,322	$	—	$	—	$	245,061
Special Mention	—		—		—		4,202		317		—		—		4,519
Substandard	—		—		—		—		247		—		—		247
Doubtful/Loss	—		—		—		—		—		—		—		—
Total construction loans	$	50,275	$	92,449	$	76,042	$	23,175	$	7,886	$	—	$	—	$	249,827

Agriculture production loans:
Agriculture production risk ratings
Pass	$	1,929	$	1,201	$	1,324	$	1,012	$	834	$	26,306	$	—	$	32,606
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		27		—		—		—		27
Doubtful/Loss	—		—		—		—		—		—		—		—
Total agriculture production loans	$	1,929	$	1,201	$	1,324	$	1,039	$	834	$	26,306	$	—	$	32,633

	Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019
(in thousands)	2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Leases:
Lease risk ratings
Pass	$	1,283	$	—	$	—	$	—	$	—	$	—	$	—	$	1,283
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful/Loss	—		—		—		—		—		—		—		—
Total leases	$	1,283	$	—	$	—	$	—	$	—	$	—	$	—	$	1,283

Total loans outstanding:
Risk ratings
Pass	$	685,025	$	574,518	$	596,418	$	498,219	$	1,222,138	$	625,389	$	26,746	$	4,228,453
Special Mention	56		541		7,690		13,796		11,677		8,455		2,002		44,217
Substandard	661		2,043		3,596		5,022		14,684		6,332		2,358		34,696
Doubtful/Loss	—		—		—		—		—		—		—		—
Total loans outstanding	$	685,742	$	577,102	$	607,704	$	517,037	$	1,248,499	$	640,176	$	31,106	$	4,307,366

Once a loan becomes delinquent and repayment becomes questionable, a Bank collection officer will address collateral shortfalls with the borrower and attempt to obtain additional collateral. If this is not forthcoming and payment in full is unlikely, the Bank will estimate its probable loss, using a recent valuation as appropriate to the underlying collateral less estimated costs of sale, and charge the loan down to the estimated net realizable amount. Depending on the length of time until ultimate collection, the Bank may revalue the underlying collateral and take additional charge-offs as warranted. Revaluations may occur as often as every 3-12 months depending on the underlying collateral and volatility of values. Final charge-offs or recoveries are taken when collateral is liquidated and actual loss is known. Unpaid balances on loans after or during collection and liquidation may also be pursued through lawsuit and attachment of wages or judgment liens on borrower’s other assets.

The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated:

	Analysis of Past Due Loans - As of December 31, 2020
(in thousands)	30-59 days		60-89 days		> 90 days		Total Past Due Loans		Current		Total
Commercial real estate:
CRE non-owner occupied	$	127	$	173	$	239	$	539	$	1,535,016	$	1,535,555
CRE owner occupied	297		—		824		1,121		623,254		624,375
Multifamily	—		—		—		—		639,480		639,480
Farmland	899		—		70		969		151,523		152,492
Total commercial real estate loans	1,323		173		1,133		2,629		2,949,273		2,951,902
Consumer:
SFR 1-4 1st DT liens	37		—		960		997		545,595		546,592
SFR HELOCs and junior liens	418		212		1,671		2,301		325,183		327,484
Other	41		13		100		154		77,878		78,032
Total consumer loans	496		225		2,731		3,452		948,656		952,108
Commercial and industrial	155		426		105		686		525,641		526,327
Construction	—		—		—		—		284,842		284,842
Agriculture production	—		—		—		—		44,164		44,164
Leases	—		—		—		—		3,784		3,784
Total	$	1,974	$	824	$	3,969	$	6,767	$	4,756,360	$	4,763,127

The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated:

	Analysis of Past Due Loans - As of December 31, 2019
(in thousands)	30-59 days		60-89 days		> 90 days		Total Past Due Loans		Current		Total
Commercial real estate:
CRE non-owner occupied	$	268	$	136	$	114	$	518	$	1,609,038	$	1,609,556
CRE owner occupied	—		—		293		293		546,141		546,434
Multifamily	283		—		2,024		2,307		515,418		517,725
Farmland	30		—		—		30		145,037		145,067
Total commercial real estate loans	581		136		2,431		3,148		2,815,634		2,818,782
Consumer:
SFR 1-4 1st DT liens	1,149		371		1,957		3,477		506,031		509,508
SFR HELOCs and junior liens	1,258		580		1,088		2,926		359,960		362,886
Other	172		1		23		196		82,460		82,656
Total consumer loans	2,579		952		3,068		6,599		948,451		955,050
Commercial and industrial	603		297		24		924		248,867		249,791
Construction	—		—		—		—		249,827		249,827
Agriculture production	49		—		—		49		32,584		32,633
Leases	—		—		—		—		1,283		1,283
Total	$	3,812	$	1,385	$	5,523	$	10,720	$	4,296,646	$	4,307,366

The following table shows the ending balance of non accrual loans by loan category as of the date indicated:

	Non Accrual Loans
	As of December 31, 2020						As of December 31, 2019
(in thousands)	Non accrual with no allowance for credit losses		Total non accrual		Past due 90 days or more and still accruing		Non accrual with no allowance for credit losses		Total non accrual		Past due 90 days or more and still accruing
Commercial real estate:
CRE non-owner occupied	$	3,110	$	3,110	$	—	$	639	$	642	$	—
CRE owner occupied	3,111		4,061		—		1,411		1,408		—
Multifamily	—		—		—		2,024		2,024		—
Farmland	1,468		1,538		—		1,242		1,242		—
Total commercial real estate loans	7,689		8,709		—		5,316		5,316		—
Consumer:
SFR 1-4 1st DT liens	4,950		5,093		—		5,023		5,192		—
SFR HELOCs and junior liens	4,480		6,148		—		3,992		4,217		—
Other	68		167		—		4		32		19
Total consumer loans	9,498		11,408		—		9,019		9,441		19
Commercial and industrial	652		2,183		—		476		2,050		—
Construction	4,546		4,546		—		—		—		—
Agriculture production	5		18		—		14		38		—
Leases			—		—						—
Sub-total	22,390		26,864		—		14,825		16,845		19
Less: Guaranteed loans	(687)		(811)				(916)		(990)		—
Total, net	$	21,703	$	26,053	$	—	$	13,909	$	15,855	$	19

Interest income on non accrual loans that would have been recognized during the years ended December 31, 2020, 2019, and 2018, if all such loans had been current in accordance with their original terms, totaled $1,804,000, $1,201,000, and $2,706,000, respectively. Interest income actually recognized on these loans during the years ended December 31, 2020, 2019, and 2018 was $701,000, $372,000, and $1,475,000, respectively.

The following tables present the amortized cost basis of collateral dependent loans by class of loans as of the following periods:

	As of December 31, 2020
(in thousands)	Retail		Office		Warehouse		Other		Multifamily		Farmland		SFR -1st Deed		SFR -2nd Deed		Automobile/Truck		A/R and Inventory		Equipment		Total
Commercial real estate:
CRE non-owner occupied	$	2,445	$	435	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	2,880
CRE owner occupied	796		1,176		1,668		—		—		—		—		—		—		—		—		3,640
Multifamily	—		—		—		—		—		—		—		—		—		—		—		—
Farmland	—		—		—		—		—		1,538		—		—		—		—		—		1,538
Total commercial real estate loans	3,241		1,611		1,668		—		—		1,538		—		—		—		—				8,058
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—		—		5,068		—		—		—		—		5,068
SFR HELOCs and junior liens	—		—		—		—		—		—		1,855		2,839		—		—		—		4,694
Other	—		—		—		42		—		—		—		—		97		—		—		139
Total consumer loans	—		—		—		42		—		—		6,923		2,839		97		—		—		9,901
Commercial and industrial	—		—		—		292		—		—		—		—		—		1,173		75		1,540
Construction	—		—		—		—		—		—		4,547		—		—		—		—		4,547
Agriculture production	—		—		—		—		—		—		—		—		—		13		5		18
Leases	—		—		—		—		—		—		—		—		—		—		—		—
Total	$	3,241	$	1,611	$	1,668	$	334	$	—	$	1,538	$	11,470	$	2,839	$	97	$	1,186	$	80	$	24,064

	As of December 31, 2019
(in thousands)	Retail		Office		Warehouse		Other		Multifamily			Farmland		SFR -1st Deed		SFR -2nd Deed		Automobile/Truck		A/R and Inventory		Equipment		Total
Commercial real estate:
CRE non-owner occupied	$	2,145	$	—	$	1,220	$	497	$	—		$	—	$	—	$	—	$	—	$	—	$	—	$	3,862
CRE owner occupied	361		163		420		13		—			—		—		—		—		—		1,000		1,957
Multifamily	—		—		—		—		2,060			—		—		—		—		—		—		2,060
Farmland	—		—		—		—		—		—	1,242		—		—		—		—		—		1,242
Total commercial real estate loans	2,506		163		1,640		510		2,060			1,242		—		—		—		—		1,000		9,121
Consumer:
SFR 1-4 1st DT liens	—		—		—		—		—			—		5,341		—		—		—		—		5,341
SFR HELOCs and junior liens	—		—		—		—		—			—		—		3,848		—		—		—		3,848
Other	—		—		—		3		—			—		—		—		27		—		—		30
Total consumer loans	—		—		—		3		—			—		5,341		3,848		27		—		—		9,219
Commercial and industrial	—		—		—		107		—			—		—		—		—		1,926		14		2,047
Construction	—		—		—		—		—			—		—		—		—		—		—		—
Agriculture production	—		—		—		—		—			—		—		—		—		26		12		38
Leases	—		—		—		—		—			—		—		—		—		—		—		—
Total	$	2,506	$	163	$	1,640	$	620	$	2,060		$	1,242	$	5,341	$	3,848	$	27	$	1,952	$	1,026	$	20,425

The following tables show certain information regarding Troubled Debt Restructurings that occurred during the periods indicated: Modifications classified as TDRs can include one or a combination of the following: rate modifications, term extensions, interest only modifications, either temporary or long-term, payment modifications, and collateral substitutions/additions.

	TDR information for the year ended December 31, 2020
(dollars in thousands)	Number	Pre-mod outstanding principal balance		Post-mod outstanding principal balance		Financial impact due to TDR taken as additional provision		Number that defaulted during the period	Recorded investment of TDRs that defaulted during the period		Financial impact due to the default of previous TDR taken as charge- offs or additional provisions
Commercial real estate:
CRE non-owner occupied	1	$	319	$	314	$	314	1	$	141	$	—
CRE owner occupied	4	1,847		1,877		67		1	950		—
Multifamily	—	—		—		—		—	—		—
Farmland	5	1,566		1,636		—		1	451		—
Total commercial real estate loans	10	3,732		3,827		381		3	1,542		—
Consumer:
SFR 1-4 1st DT liens	—	—		—		—		3	1,180		—
SFR HELOCs and junior liens	2	172		169		—		2	140		(90)
Other	—	—		—		—		—	—		—
Total consumer loans	2	172		169		—		5	1,320		(90)
Commercial and industrial	6	2,106		2,078		90		—	—		—
Construction	—	—		—		—		—	—		—
Agriculture production	—	—		—		—		—	—		—
Leases	—	—		—		—		—	—		—
Total	18	$	6,010	$	6,074	$	471	8	$	2,862	$	(90)

	TDR information for the year ended December 31, 2019
(dollars in thousands)	Number	Pre-mod outstanding principal balance		Post-mod outstanding principal balance		Financial impact due to TDR taken as additional provision		Number that defaulted during the period	Recorded investment of TDRs that defaulted during the period		Financial impact due to the default of previous TDR taken as charge- offs or additional provisions
Commercial real estate:
CRE non-owner occupied	—	$	—	$	—	$	—	—	$	—	$	—
CRE owner occupied	2	60		67		—		—	—		—
Multifamily	—	—		—		—		—	—		—
Farmland	—	—		—		—		—	—		—
Total commercial real estate loans	2	60		67		—		—	—		—
Consumer:
SFR 1-4 1st DT liens	3	659		662		30		—	—		—
SFR HELOCs and junior liens	3	214		215		29		—	—		—
Other	—	—		—		—		—	—		—
Total consumer loans	6	873		877		59		—	—		—
Commercial and industrial	10	1,918		1,885		—		1	7		—
Construction	—	—		—		—		—	—		—
Agriculture production	—	—		—		—		—	—		—
Leases	—	—		—		—		—	—		—
Total	18	$	2,851	$	2,829	$	59	1	7		$	—

	TDR information for the year ended December 31, 2018
(in thousands)	Number	Pre-mod outstanding principal balance		Post-mod outstanding principal balance		Financial impact due to TDR taken as additional provision		Number that defaulted during the period		Recorded investment of TDRs that defaulted during the period		Financial impact due to the default of previous TDR taken as charge- offs or additional provisions
Commercial real estate:
CRE non-owner occupied	1	$	39	$	38	$	38	1		$	169	$	—
CRE owner occupied	2	555		555		11		—		—		—
Multifamily	—	—		—		—		—		—		—
Farmland	4	1,188		1,186		442		—		—		—
Total commercial real estate loans	7	1,782		1,779		491		1		169		—
Consumer:
SFR 1-4 1st DT liens	1	156		156				—		—		—
SFR HELOCs and junior liens	3	732		737		(35)		2		248		—
Other	—	—		—		—		—		—		—
Total consumer loans	4	888		893		(35)		2		248		—
Commercial and industrial	6	1,098		1,083		325		3		148		—
Construction	—	—		—		—		—		—		—
Agriculture production	—	—		—		—		—		—		—
Leases	—	—		—		—		—		—		—
Total	17	$	3,768	$	3,755	$	781	$	6	$	565	$	—

For all new TDRs, an impairment analysis is conducted. If the loan is determined to be collateral dependent, any additional amount of impairment will be calculated based on the difference between estimated collectible value and the current carrying balance of the loan. This difference could result in an increased provision and is typically charged off. If the asset is determined not to be collateral dependent, the impairment is measured on the net present value difference between the expected cash flows of the restructured loan and the cash flows which would have been received under the original terms. The effect of this could result in a requirement for additional provision to the reserve. The effect of these required provisions for the period are indicated above.

Typically if a TDR defaults during the period, the loan is then considered collateral dependent and, if it was not already considered collateral dependent, an appropriate provision will be reserved or charge will be taken. The additional provisions required resulting from default of previously modified TDR’s are noted above.