Acquired Loans

12 Months Ended

Dec. 31, 2020

Transfers and Servicing [Abstract]

Acquired Loans

ACQUIRED LOANS

The following table presents the carrying amount of acquired loans as of December 31, 2020 and 2019.

Acquired Loans(1)(2)

(Dollar amounts in thousands)

	As of December 31,
	2020						2019
	PCD		Non-PCD		Total		PCI		Non-PCI		Total
Acquired loans	$	212,021	$	1,198,818	$	1,410,839	$	167,183	$	1,216,133	$	1,383,316

(1) Included in loans in the Consolidated Statements of Financial Condition.

(2) Prior to the adoption of CECL on January 1, 2020, loans that had evidence of credit deterioration since origination and for which it is probable at acquisition that the Company would not collect all contractually required principal and interest payments were classified as PCI.

The outstanding balance of PCD loans was $247.3 million as of December 31, 2020 and the outstanding balance of PCI loans was $243.0 million as of December 31, 2019.

Total accretion on acquired loans for December 31, 2020, 2019, and 2018 was $29.5 million, $35.6 million, and $19.5 million, respectively.