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Loans
 9 Months Ended
Sep. 30, 2021
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
 September 30,
2021		December 31,
2020
Commercial and industrial$4,705,458 $4,578,254 
Agricultural349,159 364,038 
Commercial real estate:  
Office, retail, and industrial1,765,592 1,861,768 
Multi-family1,082,941 872,813 
Construction595,204 612,611 
Other commercial real estate1,408,955 1,481,976 
Total commercial real estate4,852,692 4,829,168 
Total corporate loans, excluding Paycheck Protection Program ("PPP") loans9,907,309 9,771,460 
PPP loans384,100 785,563 
Total corporate loans10,291,409 10,557,023 
Home equity591,126 761,725 
1-4 family mortgages3,332,732 3,022,413 
Installment573,465 410,071 
Total consumer loans4,497,323 4,194,209 
Total loans$14,788,732 $14,751,232 
Deferred loan fees included in total loans$8,688 $9,696 
Overdrawn demand deposits included in total loans8,562 8,444 
Accrued interest receivable on the loan portfolio totaled $51.6 million and $56.7 million as of September 30, 2021 and December 31, 2020, respectively and is included in accrued interest receivable and other assets in the Consolidated Statements of Financial Condition.
The Company primarily lends to community-based and mid-sized businesses, commercial real estate customers, and consumers in its markets. Within these areas, the Company diversifies its loan portfolio by loan type, industry, and borrower.
It is the Company's policy to review each prospective credit to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with state lending laws, the Company's lending standards, and credit monitoring and remediation procedures. A discussion of risk characteristics relevant to each portfolio segment is presented in Note 5, "Loans" to the Consolidated Financial Statements in the Company's 2020 10-K.
Loan Sales
The following table presents loan sales and purchases for the quarters and nine months ended September 30, 2021 and 2020.
Loan Sales and Purchases
(Dollar amounts in thousands)
 Quarters Ended 
 September 30,		Nine Months Ended 
 September 30,
 2021202020212020
Corporate loan sales
Proceeds from sales$— $50 $17,227 $4,648 
Less book value of loans sold— 65 17,177 4,542 
Net (losses) gains on corporate loan sales(1)
— (15)50 106 
1-4 family mortgage loan sales
Proceeds from sales205,699 258,695 713,775 551,105 
Less book value of loans sold199,938 251,819 691,620 537,120 
Net gains on 1-4 family mortgage loan sales(2)
5,761 6,876 22,155 13,985 
Total net gains on loan sales$5,761 $6,861 $22,205 $14,091 
Corporate loan purchases(3)
Commercial and industrial$65,633 $10,196 $299,708 $178,912 
Office, retail, and industrial1,198 — 8,636 — 
Multi-family7 — 26,136 — 
Construction5 3,692 1,041 7,589 
Other commercial real estate— — 35,000 10,000 
Total corporate loan purchases$66,843 $13,888 $370,521 $196,501 
Consumer loan purchases
Home equity$— $— $— $144,967 
1-4 family mortgages186,910 168,052 772,828 417,637 
Installment— — 253,376 — 
Total consumer loan purchases$186,910 $168,052 $1,026,204 $562,604 
(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."