Loans (Tables)

12 Months Ended

Dec. 31, 2017

The following table presents the Company's loans held-for-investment by class.

Loan Portfolio

(Dollar amounts in thousands)



	As of December 31,
	2017		2016
Commercial and industrial	$	3,529,914	$	2,827,658
Agricultural	430,886		389,496
Commercial real estate:
Office, retail, and industrial	1,979,820		1,581,967
Multi-family	675,463		614,052
Construction	539,820		451,540
Other commercial real estate	1,358,515		979,528
Total commercial real estate	4,553,618		3,627,087
Total corporate loans	8,514,418		6,844,241
Home equity	827,055		747,983
1-4 family mortgages	774,357		423,922
Installment	321,982		237,999
Total consumer loans	1,923,394		1,409,904
Total loans	$	10,437,812	$	8,254,145
Deferred loan fees included in total loans	$	4,986	$	3,838
Overdrawn demand deposits included in total loans	8,587		7,836

The carrying value of loans that were pledged to secure liabilities as of December 31, 2017 and 2016 are presented below.

Carrying Value of Loans Pledged

(Dollar amounts in thousands)



	As of December 31
	2017		2016
Loans pledged to secure:
FHLB advances (blanket pledge)	$	4,587,240	$	3,667,202
FRB's Discount Window Primary Credit Program	1,099,712		777,950
Total	$	5,686,952	$	4,445,152

The following table presents loan sales for the years ended December 31, 2017, 2016, and 2015.

Loan Sales

(Dollar amounts in thousands)



	As of December 31,
	2017		2016		2015
Corporate loan sales
Proceeds from sales	$	52,974	$	54,681	$	31,091
Less book value of loans sold	51,781		52,821		29,535
Net gains on corporate sales ⁽¹⁾	$	1,193	$	1,860	$	1,556
1-4 family mortgage loan sales
Proceeds from sales	$	258,626	$	290,383	$	185,308
Less book value of loans sold	252,741		283,312		180,017
Net gains on 1-4 family mortgage sales ⁽²⁾	5,885		7,071		5,291
Total net gains on loan sales	$	7,078	$	8,931	$	6,847


⁽¹⁾	Net gains on corporate loan sales are included in other service charges, commissions, and fees in the Consolidated Statements of Income.


⁽²⁾	Net gains on mortgage loan sales are included in mortgage banking income in the Consolidated Statements of Income.