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Loans, Allowance for Loan Losses and Allowance for Unfunded Credit Commitments (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Loans and Allowance for Loan Losses
The composition of loans, net of unearned income of $174 million and $148 million at September 30, 2018 and December 31, 2017, respectively, is presented in the following table:
(Dollars in thousands)
 
September 30, 2018
 
December 31, 2017
Commercial loans:
 
 
 
 
Software/internet
 
$
6,258,724

 
$
6,172,531

Hardware
 
1,306,709

 
1,193,599

Private equity/venture capital
 
13,360,511

 
9,952,377

Life science/healthcare
 
2,302,453

 
1,808,827

Premium wine
 
227,498

 
204,105

Other
 
256,413

 
365,724

Total commercial loans
 
23,712,308

 
19,697,163

Real estate secured loans:
 
 
 
 
Premium wine (1)
 
685,941

 
669,053

Consumer loans (2)
 
2,556,906

 
2,300,506

Other
 
40,879

 
42,068

Total real estate secured loans
 
3,283,726

 
3,011,627

Construction loans
 
81,163

 
68,546

Consumer loans
 
417,718

 
328,980

Total loans, net of unearned income (3)
 
$
27,494,915

 
$
23,106,316

 
 
(1)
Included in our premium wine portfolio are gross construction loans of $92 million and $100 million at September 30, 2018 and December 31, 2017, respectively.
(2)
Consumer loans secured by real estate at September 30, 2018 and December 31, 2017 were comprised of the following:
(Dollars in thousands)
 
September 30, 2018
 
December 31, 2017
Loans for personal residence
 
$
2,196,948

 
$
1,995,840

Loans to eligible employees
 
285,186

 
243,118

Home equity lines of credit
 
74,772

 
61,548

Consumer loans secured by real estate
 
$
2,556,906

 
$
2,300,506


(3)
Included within our total loan portfolio are credit card loans of $342 million and $270 million at September 30, 2018 and December 31, 2017, respectively.
Composition of Loans, Net of Unearned Income, Broken Out by Portfolio Segment and Class of Financing Receivable
The composition of loans, net of unearned income of $174 million and $148 million at September 30, 2018 and December 31, 2017, respectively, broken out by portfolio segment and class of financing receivable, is as follows:
(Dollars in thousands)
 
September 30, 2018
 
December 31, 2017
Commercial loans:
 
 
 
 
Software/internet
 
$
6,258,724

 
$
6,172,531

Hardware
 
1,306,709

 
1,193,599

Private equity/venture capital
 
13,360,511

 
9,952,377

Life science/healthcare
 
2,302,453

 
1,808,827

Premium wine
 
913,439

 
873,158

Other
 
378,455

 
476,338

Total commercial loans
 
24,520,291

 
20,476,830

Consumer loans:
 
 
 
 
Real estate secured loans
 
2,556,906

 
2,300,506

Other consumer loans
 
417,718

 
328,980

Total consumer loans
 
2,974,624

 
2,629,486

Total loans, net of unearned income
 
$
27,494,915

 
$
23,106,316
Aging of Gross Loans, Broken out by Portfolio Segment and Class of Financing Receivable
The following table summarizes the aging of our gross loans, broken out by portfolio segment and class of financing receivable as of September 30, 2018 and December 31, 2017:
(Dollars in thousands)
 
30 - 59
  Days Past  
Due
 
60 - 89
  Days Past  
Due
 
Equal to or Greater
Than 90
  Days Past  
Due
 
  Total Past  
Due
 
Current  
 
  Loans Past Due  
90 Days or
More Still
Accruing
Interest
September 30, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
17,067

 
$
4,842

 
$
116

 
$
22,025

 
$
6,175,651

 
$
116

Hardware
 
491

 
99

 
—

 
590

 
1,298,215

 
—

Private equity/venture capital
 
7,556

 
—

 
2

 
7,558

 
13,357,777

 
2

Life science/healthcare
 
9,620

 
897

 
45

 
10,562

 
2,330,483

 
45

Premium wine
 
1,594

 
—

 
—

 
1,594

 
910,356

 
—

Other
 
340

 
27

 
—

 
367

 
400,547

 
—

Total commercial loans
 
36,668

 
5,865

 
163

 
42,696

 
24,473,029

 
163

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
8,389

 
—

 
—

 
8,389

 
2,540,950

 
—

Other consumer loans
 
2,111

 
—

 
—

 
2,111

 
415,582

 
—

Total consumer loans
 
10,500

 
—

 
—

 
10,500

 
2,956,532

 
—

Total gross loans excluding impaired loans
 
47,168

 
5,865

 
163

 
53,196

 
27,429,561

 
163

Impaired loans
 
2,345

 
970

 
29,197

 
32,512

 
153,560

 
—

Total gross loans
 
$
49,513

 
$
6,835

 
$
29,360

 
$
85,708

 
$
27,583,121

 
$
163

December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
14,257

 
$
6,526

 
$
141

 
$
20,924

 
$
6,101,147

 
$
141

Hardware
 
1,145

 
77

 
50

 
1,272

 
1,163,278

 
50

Private equity/venture capital
 
86,566

 
38,580

 
—

 
125,146

 
9,835,317

 
—

Life science/healthcare
 
4,390

 
191

 
—

 
4,581

 
1,841,692

 
—

Premium wine
 
418

 
—

 
—

 
418

 
871,074

 
—

Other
 
445

 
—

 
—

 
445

 
490,292

 
—

Total commercial loans
 
107,221

 
45,374

 
191

 
152,786

 
20,302,800

 
191

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
2,164

 
532

 
—

 
2,696

 
2,292,980

 
—

Other consumer loans
 
796

 
—

 
—

 
796

 
327,234

 
—

Total consumer loans
 
2,960

 
532

 
—

 
3,492

 
2,620,214

 
—

Total gross loans excluding impaired loans
 
110,181

 
45,906

 
191

 
156,278

 
22,923,014

 
191

Impaired loans
 
1,344

 
11,902

 
30,403

 
43,649

 
131,212

 
—

Total gross loans
 
$
111,525

 
$
57,808

 
$
30,594

 
$
199,927

 
$
23,054,226

 
$
191
Impaired Loans and Allowance for Loan Losses, Broken out by Portfolio Segment and Class of Financing Receivable
The following table summarizes our impaired loans as they relate to our allowance for loan losses, broken out by portfolio segment and class of financing receivable as of September 30, 2018 and December 31, 2017:
(Dollars in thousands)
 
Impaired loans for  
which there is a
related allowance
for loan losses
 
Impaired loans for  
which there is no
related allowance
for loan losses
 
Total carrying value of impaired loans
 
Total unpaid
principal of impaired loans
September 30, 2018:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
64,197

 
$
55,442

 
$
119,639

 
$
145,122

Hardware
 
2,431

 
17,249

 
19,680

 
31,804

Private equity/venture capital
 
—

 
3,700

 
3,700

 
3,700

Life science/healthcare
 
22,300

 
14,125

 
36,425

 
44,065

Premium wine
 
306

 
2,010

 
2,316

 
2,375

Other
 
—

 
—

 
—

 
—

Total commercial loans
 
89,234

 
92,526

 
181,760

 
227,066

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
3,990

 
322

 
4,312

 
5,996

Other consumer loans
 
—

 
—

 
—

 
—

Total consumer loans
 
3,990

 
322

 
4,312

 
5,996

Total
 
$
93,224

 
$
92,848

 
$
186,072

 
$
233,062

December 31, 2017:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
49,645

 
$
61,009

 
$
110,654

 
$
129,006

Hardware
 
15,637

 
20,713

 
36,350

 
41,721

Private equity/venture capital
 
658

 
—

 
658

 
984

Life science/healthcare
 
20,521

 
1,166

 
21,687

 
26,360

Premium wine
 
—

 
2,877

 
2,877

 
2,911

Other
 
32

 
—

 
32

 
165

Total commercial loans
 
86,493

 
85,765

 
172,258

 
201,147

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,331

 
850

 
2,181

 
3,712

Other consumer loans
 
422

 
—

 
422

 
436

Total consumer loans
 
1,753

 
850

 
2,603

 
4,148

Total
 
$
88,246

 
$
86,615

 
$
174,861

 
$
205,295
Average Impaired Loans, Broken out by Portfolio Segment and Class of Financing Receivable
The following tables summarize our average impaired loans and interest income recognized on impaired loans, broken out by portfolio segment and class of financing receivable for the three and nine months ended September 30, 2018 and 2017:
Three months ended September 30,
 
Average impaired loans
 
Interest income recognized on impaired loans
(Dollars in thousands)
 
2018

2017

2018

2017
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
118,840

 
$
121,290

 
$
607

 
$
767

Hardware
 
27,922

 
35,932

 
410

 
419

Private equity/venture capital
 
1,233

 
644

 
—

 
3

Life science/healthcare
 
38,545

 
25,796

 
365

 
21

Premium wine
 
2,384

 
3,625

 
35

 
39

Other
 
—

 
348

 
—

 
—

Total commercial loans
 
188,924

 
187,635

 
1,417

 
1,249

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
4,330

 
1,306

 
4

 
24

Other consumer loans
 
—

 
1,966

 
—

 
—

Total consumer loans
 
4,330

 
3,272

 
4

 
24

Total average impaired loans
 
$
193,254

 
$
190,907

 
$
1,421

 
$
1,273


Nine months ended September 30,
 
Average impaired loans
 
Interest income recognized on impaired loans
(Dollars in thousands)
 
2018
 
2017
 
2018
 
2017
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
112,576

 
$
122,527

 
$
991

 
$
1,646

Hardware
 
34,469

 
33,271

 
499

 
518

Private equity/venture capital
 
536

 
443

 
—

 
8

Life science/healthcare
 
27,671

 
33,590

 
376

 
60

Premium wine
 
2,586

 
3,353

 
103

 
115

Other
 
130

 
706

 
—

 
—

Total commercial loans
 
177,968

 
193,890

 
1,969

 
2,347

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
3,953

 
1,385

 
12

 
24

Other consumer loans
 
477

 
1,931

 
—

 
—

Total consumer loans
 
4,430

 
3,316

 
12

 
24

Total average impaired loans
 
$
182,398

 
$
197,206

 
$
1,981

 
$
2,371
Activity in Allowance for Loan Losses Broken out by Portfolio Segment
The following tables summarize the activity relating to our allowance for loan losses for the three and nine months ended September 30, 2018 and 2017, broken out by portfolio segment:
Three months ended September 30, 2018
 
Beginning Balance June 30, 2018
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance September 30, 2018
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
102,648

 
$
(6,304
)
 
$
841

 
$
16,640

 
$
(335
)
 
$
113,490

Hardware
 
34,695

 
(12,697
)
 
227

 
(1,763
)
 
36

 
20,498

Private equity/venture capital
 
89,409

 
—

 
3

 
1,632

 
(33
)
 
91,011

Life science/healthcare
 
35,064

 
(2,076
)
 
189

 
2,322

 
(47
)
 
35,452

Premium wine
 
3,438

 
—

 
—

 
125

 
(3
)
 
3,560

Other
 
2,896

 
(1,128
)
 
771

 
118

 
(2
)
 
2,655

Total commercial loans
 
268,150

 
(22,205
)
 
2,031

 
19,074

 
(384
)
 
266,666

Total consumer loans
 
18,559

 
—

 
133

 
362

 
(7
)
 
19,047

Total allowance for loan losses
 
$
286,709

 
$
(22,205
)
 
$
2,164

 
$
19,436

 
$
(391
)
 
$
285,713

Three months ended September 30, 2017
 
Beginning Balance June 30, 2017
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance September 30, 2017
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
92,937

 
$
(8,791
)
 
$
426

 
$
7,241

 
$
199

 
$
92,012

Hardware
 
27,800

 
(2,453
)
 
115

 
5,681

 
156

 
31,299

Private equity/venture capital
 
66,785

 
—

 
—

 
10,142

 
279

 
77,206

Life science/healthcare
 
27,730

 
(1,083
)
 
63

 
(1,621
)
 
(45
)
 
25,044

Premium wine
 
3,133

 
—

 
—

 
362

 
10

 
3,505

Other
 
4,135

 
—

 
947

 
(931
)
 
(26
)
 
4,125

Total commercial loans
 
222,520

 
(12,327
)
 
1,551

 
20,874

 
573

 
233,191

Total consumer loans
 
13,976

 
(11
)
 
277

 
1,535

 
42

 
15,819

Total allowance for loan losses
 
$
236,496

 
$
(12,338
)
 
$
1,828

 
$
22,409

 
$
615

 
$
249,010



Nine months ended September 30, 2018
 
Beginning Balance December 31, 2017
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance September 30, 2018
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
96,104

 
$
(26,377
)
 
$
1,818

 
$
42,620

 
$
(675
)
 
$
113,490

Hardware
 
27,614

 
(16,111
)
 
1,458

 
7,788

 
(251
)
 
20,498

Private equity/venture capital
 
82,468

 
(112
)
 
13

 
8,200

 
442

 
91,011

Life science/healthcare
 
24,924

 
(2,940
)
 
245

 
13,829

 
(606
)
 
35,452

Premium wine
 
3,532

 
—

 
—

 
42

 
(14
)
 
3,560

Other
 
3,941

 
(2,391
)
 
1,874

 
(775
)
 
6

 
2,655

Total commercial loans
 
238,583

 
(47,931
)
 
5,408

 
71,704

 
(1,098
)
 
266,666

Total consumer loans
 
16,441

 
(289
)
 
470

 
2,384

 
41

 
19,047

Total allowance for loan losses
 
$
255,024

 
$
(48,220
)
 
$
5,878

 
$
74,088

 
$
(1,057
)
 
$
285,713

Nine months ended September 30, 2017
 
Beginning Balance December 31, 2016
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance September 30, 2017
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
97,388

 
$
(36,172
)
 
$
2,833

 
$
27,487

 
$
476

 
$
92,012

Hardware
 
31,166

 
(6,726
)
 
459

 
6,075

 
325

 
31,299

Private equity/venture capital
 
50,299

 
—

 
—

 
26,111

 
796

 
77,206

Life science/healthcare
 
25,446

 
(7,493
)
 
107

 
6,906

 
78

 
25,044

Premium wine
 
4,115

 
—

 
—

 
(567
)
 
(43
)
 
3,505

Other
 
4,768

 
(1,047
)
 
1,424

 
(1,005
)
 
(15
)
 
4,125

Total commercial loans
 
213,182

 
(51,438
)
 
4,823

 
65,007

 
1,617

 
233,191

Total consumer loans
 
12,184

 
(11
)
 
1,332

 
2,266

 
48

 
15,819

Total allowance for loan losses
 
$
225,366

 
$
(51,449
)
 
$
6,155

 
$
67,273

 
$
1,665

 
$
249,010

The following table summarizes the activity relating to our allowance for unfunded credit commitments for the three and nine months ended September 30, 2018 and 2017:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2018

2017
 
2018
 
2017
Allowance for unfunded credit commitments, beginning balance
 
$
54,104

 
$
47,000

 
$
51,770

 
$
45,265

(Reduction of) provision for unfunded credit commitments
 
(2,262
)
 
1,113

 
138

 
2,789

Foreign currency translation adjustments
 
(34
)
 
59

 
(100
)
 
118

Allowance for unfunded credit commitments, ending balance (1)
 
$
51,808

 
$
48,172

 
$
51,808


$
48,172

 
(1)
See Note 13—“Off-Balance Sheet Arrangements, Guarantees and Other Commitments” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report for additional disclosures related to our commitments to extend credit.
Allowance for Loan Losses Individually and Collectively Evaluated for Impairment
The following table summarizes the allowance for loan losses individually and collectively evaluated for impairment as of September 30, 2018 and December 31, 2017, broken out by portfolio segment:
 
 
September 30, 2018
 
December 31, 2017
 
 
Individually Evaluated for  
Impairment
 
Collectively Evaluated for  
Impairment
 
Individually Evaluated for  
Impairment
 
Collectively Evaluated for  
Impairment
(Dollars in thousands)
 
Allowance for loan losses
 
Recorded investment in loans
 
Allowance for loan losses
 
Recorded investment in loans
 
Allowance for loan losses
 
Recorded investment in loans
 
Allowance for loan losses
 
Recorded investment in loans
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
36,856

 
$
119,639

 
$
76,634

 
$
6,139,085

 
$
23,088

 
$
110,654

 
$
73,016

 
$
6,061,877

Hardware
 
764

 
19,680

 
19,734

 
1,287,029

 
8,450

 
36,350

 
19,164

 
1,157,249

Private equity/venture capital
 
—

 
3,700

 
91,011

 
13,356,811

 
330

 
658

 
82,138

 
9,951,719

Life science/healthcare
 
11,951

 
36,425

 
23,501

 
2,266,028

 
9,315

 
21,687

 
15,609

 
1,787,140

Premium wine
 
3

 
2,316

 
3,557

 
911,123

 
—

 
2,877

 
3,532

 
870,281

Other
 
—

 
—

 
2,655

 
378,455

 
32

 
32

 
3,909

 
476,306

Total commercial loans
 
49,574

 
181,760

 
217,092

 
24,338,531

 
41,215

 
172,258

 
197,368

 
20,304,572

Total consumer loans
 
418

 
4,312

 
18,629

 
2,970,312

 
578

 
2,603

 
15,863

 
2,626,883

Total
 
$
49,992

 
$
186,072

 
$
235,721

 
$
27,308,843

 
$
41,793

 
$
174,861

 
$
213,231

 
$
22,931,455
Credit Quality Indicators, Broken out by Portfolio Segment and Class of Financing Receivables
The following table summarizes the credit quality indicators, broken out by portfolio segment and class of financing receivables as of September 30, 2018 and December 31, 2017:
(Dollars in thousands)
 
Pass
 
Performing (Criticized)
 
Performing Impaired (Criticized)
 
Nonperforming Impaired (Nonaccrual)
 
Total
September 30, 2018:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
5,613,023

 
$
584,653

 
$
37,204

 
$
82,435

 
$
6,317,315

Hardware
 
1,245,532

 
53,273

 
17,249

 
2,431

 
1,318,485

Private equity/venture capital
 
13,362,294

 
3,041

 
—

 
3,700

 
13,369,035

Life science/healthcare
 
2,172,679

 
168,366

 
14,125

 
22,300

 
2,377,470

Premium wine
 
862,311

 
49,639

 
2,010

 
306

 
914,266

Other
 
398,263

 
2,651

 
—

 
—

 
400,914

Total commercial loans
 
23,654,102

 
861,623

 
70,588

 
111,172

 
24,697,485

Consumer loans:
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
2,529,708

 
19,631

 
322

 
3,990

 
2,553,651

Other consumer loans
 
417,344

 
349

 
—

 
—

 
417,693

Total consumer loans
 
2,947,052

 
19,980

 
322

 
3,990

 
2,971,344

Total gross loans
 
$
26,601,154

 
$
881,603

 
$
70,910

 
$
115,162

 
$
27,668,829

December 31, 2017:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
5,655,739

 
$
466,332

 
$
31,794

 
$
78,860

 
$
6,232,725

Hardware
 
1,112,574

 
51,976

 
20,165

 
16,185

 
1,200,900

Private equity/venture capital
 
9,955,082

 
5,381

 
—

 
658

 
9,961,121

Life science/healthcare
 
1,720,613

 
125,660

 
1,167

 
20,520

 
1,867,960

Premium wine
 
834,537

 
36,955

 
2,476

 
401

 
874,369

Other
 
469,721

 
21,016

 
—

 
32

 
490,769

Total commercial loans
 
19,748,266

 
707,320

 
55,602

 
116,656

 
20,627,844

Consumer loans:
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
2,282,375

 
13,301

 
—

 
2,181

 
2,297,857

Other consumer loans
 
326,851

 
1,179

 
—

 
422

 
328,452

Total consumer loans
 
2,609,226

 
14,480

 
—

 
2,603

 
2,626,309

Total gross loans
 
$
22,357,492

 
$
721,800

 
$
55,602

 
$
119,259

 
$
23,254,153
Summary of Loans Modified in Troubled Debt Restructurings ("TDRs") by Portfolio Segment and Class of Financing Receivables
The following table summarizes our loans modified in TDRs, broken out by portfolio segment and class of financing receivables at September 30, 2018 and December 31, 2017:
(Dollars in thousands)
 
September 30, 2018
 
December 31, 2017
Loans modified in TDRs:
 
 
 
 
Commercial loans:
 
 
 
 
Software/internet
 
$
49,078

 
$
73,455

Hardware
 
12,499

 
51,132

Private equity/venture capital
 
—

 
350

Life science/healthcare
 
20,942

 
19,235

Premium wine
 
2,964

 
3,198

Total commercial loans
 
85,483

 
147,370

Consumer loans:
 
 
 
 
Other consumer loans
 
322

 
423

Total
 
$
85,805

 
$
147,793
Recorded Investment in Loans Modified in TDRs
The following table summarizes the recorded investment in loans modified in TDRs, broken out by portfolio segment and class of financing receivable, for modifications made during the three and nine months ended September 30, 2018 and 2017:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2018

2017
 
2018
 
2017
Loans modified in TDRs during the period:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
—

 
$
10,876

 
$
14,069

 
$
26,034

Hardware
 
10,398

 
396

 
12,347

 
396

Life science/healthcare
 
—

 
—

 
5,909

 
—

Premium wine
 
—

 
—

 
—

 
185

Total commercial loans
 
10,398

 
11,272

 
32,325

 
26,615

Consumer loans:
 
 
 
 
 
 
 
 
Other consumer loans
 
—

 
—

 
322

 
—

Total loans modified in TDRs during the period (1)
 
$
10,398

 
$
11,272

 
$
32,647

 
$
26,615

 
 
(1)
There were $13.0 million and $21.5 million of partial charge-offs for the three and nine months ended September 30, 2018, respectively, and zero and $2.6 million of partial charge-offs during the three and nine months ended September 30, 2017, respectively.
Troubled Debt Restructurings On Financing Receivables Subsequently Defaulted Table
The following table summarizes the recorded investment in loans modified in TDRs within the previous 12 months that subsequently defaulted during the three and nine months ended September 30, 2018 and 2017:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2018
 
2017
 
2018
 
2017
TDRs modified within the previous 12 months that defaulted during the period:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
18,911

 
$
1,234

 
$
41,568

 
$
1,234

Hardware
 
2,100

 
—

 
5,549

 
—

Life science/healthcare
 
5,909

 
—

 
7,139

 
—

Premium wine
 
—

 
186

 
—

 
186

Total TDRs modified within the previous 12 months that defaulted in the period
 
$
26,920

 
$
1,420

 
$
54,256

 
$
1,420