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Loans
 6 Months Ended
Jun. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Loans LOANS
Loans Held-for-Investment
The following table presents the Company's loans held-for-investment by class.
Loan Portfolio
(Dollar amounts in thousands)
As of
 June 30,
2020		December 31,
2019
Commercial and industrial$4,789,556  $4,481,525  
Agricultural381,124  405,616  
Commercial real estate:  
Office, retail, and industrial2,020,318  1,848,718  
Multi-family874,861  856,553  
Construction687,063  593,093  
Other commercial real estate1,475,937  1,383,708  
Total commercial real estate5,058,179  4,682,072  
Total corporate loans, excluding Paycheck Protection Program ("PPP") loans10,228,859  9,569,213  
PPP loans1,179,403  —  
Total corporate loans11,408,262  9,569,213  
Home equity892,867  851,454  
1-4 family mortgages2,175,322  1,927,078  
Installment457,207  492,585  
Total consumer loans3,525,396  3,271,117  
Total loans$14,933,658  $12,840,330  
Deferred loan fees included in total loans$9,691  $7,972  
Overdrawn demand deposits included in total loans7,676  10,675  
Accrued interest receivable on the loan portfolio totaled $49.5 million and $48.4 million as of June 30, 2020 and December 31, 2019, respectively and is included in accrued interest receivable and other assets in the Consolidated Statements of Financial Condition.
The Company primarily lends to community-based and mid-sized businesses, commercial real estate customers, and consumers in its markets. Within these areas, the Company diversifies its loan portfolio by loan type, industry, and borrower.
It is the Company's policy to review each prospective credit to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with state lending laws, the Company's lending standards, and credit monitoring and remediation procedures. A discussion of risk characteristics relevant to each portfolio segment is presented in Note 5, "Loans" to the Consolidated Financial Statements in the Company's 2019 10-K.
Loan Sales
The following table presents loan sales and purchases for the quarters and six months ended June 30, 2020 and 2019.
Loan Sales and Purchases
(Dollar amounts in thousands)
 Quarters Ended 
 June 30,		Six Months Ended 
 June 30,
 2020201920202019
Corporate loan sales
Proceeds from sales$295  $2,178  $4,598  $5,376  
Less book value of loans sold289  2,132  4,477  5,248  
Net gains on corporate loan sales(1)
6  46  121  128  
1-4 family mortgage loan sales
Proceeds from sales173,251  95,408  292,410  154,191  
Less book value of loans sold168,656  93,473  285,301  150,928  
Net gains on 1-4 family mortgage loan sales(2)
4,595  1,935  7,109  3,263  
Total net gains on loan sales$4,601  $1,981  $7,230  $3,391  
Corporate loan purchases(3)
Commercial and industrial$22,894  $128,891  $168,716  $181,610  
Office, retail, and industrial—  1,711  —  1,711  
Construction3,258  1,432  3,897  2,266  
Other commercial real estate10,000  —  10,000  3,986  
Total corporate loan purchases$36,152  $132,034  $182,613  $189,573  
Consumer loan purchases
Home equity$—  $39,159  $144,967  $77,411  
1-4 family mortgages179,410  231,533  249,585  304,463  
Total consumer loan purchases$179,410  $270,692  $394,552  $381,874  
(1)Net gains on corporate loan sales are included in other service charges, commissions, and fees in the Condensed Consolidated Statements of Income.
(2)Net gains on 1-4 family mortgage loan sales are included in mortgage banking income in the Condensed Consolidated Statements of Income.
(3)Consists of the Company's portion of loan participations purchased.
The Company retained servicing responsibilities for a portion of the 1-4 family mortgage loans sold and collects servicing fees equal to a percentage of the outstanding principal balance. For additional disclosure related to the Company's obligations resulting from the sale of certain 1-4 family mortgage loans, see Note 13, "Commitments, Guarantees, and Contingent Liabilities."