Bank Loans (Tables)

6 Months Ended

Jun. 30, 2021

Schedule Of Balance And Associated Percentage Of Each Major Loan Category In Bank Loan Portfolio

	June 30, 2021						December 31, 2020
	Balance			Percent			Balance			Percent
Commercial and industrial	$	4,950,516			38.4	%	$	4,296,089			38.5	%
Residential real estate		4,567,467			35.4			3,956,670			35.4
Securities-based loans		2,331,737			18.1			1,933,974			17.3
Construction and land		563,552			4.4			501,681			4.5
Commercial real estate		370,517			2.9			366,485			3.3
Home equity lines of credit		76,839			0.6			75,507			0.7
Other		38,179			0.2			40,407			0.3
Gross bank loans		12,898,807			100.0	%		11,170,813			100.0	%
Unamortized loan discount, net		(1,652	)					(1,822	)
Loans in process		(25,447	)					(48,222	)
Unamortized loan fees, net		(1,571	)					(1,980	)
Allowance for loan losses		(99,196	)					(112,029	)
Loans held for investment, net	$	12,770,941					$	11,006,760

Activity In The Allowance For Loan Losses By Portfolio Segment

	Three Months Ended June 30, 2021
	Beginning Balance		Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	56,316	$	(5,105	)	$	(4,268	)	$	—	$	46,943
Construction and land		18,873		(2,920	)		—			—		15,953
Residential real estate		16,665		4,602			—			—		21,267
Commercial real estate		13,060		(1,157	)		—			—		11,903
Securities-based loans		2,169		350			—			—		2,519
Home equity lines of credit		341		85			—			—		426
Other		244		(59	)		—			—		185
	$	107,668	$	(4,204	)	$	(4,268	)	$	—	$	99,196

	Six Months Ended June 30, 2021
	Beginning Balance		Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	67,222	$	(15,077	)	$	(5,202	)	$	—	$	46,943
Construction and land		17,275		(1,322	)		—			—		15,953
Residential real estate		16,300		4,967			—			—		21,267
Commercial real estate		8,580		3,323			—			—		11,903
Securities-based loans		2,015		504			—			—		2,519
Home equity lines of credit		374		52			—			—		426
Other		263		(78	)		—			—		185
	$	112,029	$	(7,631	)	$	(5,202	)	$	—	$	99,196

	Three Months Ended June 30, 2020
	Beginning Balance		Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	59,962	$	5,691		$	(150	)	$	—	$	65,503
Residential real estate		19,985		4,058			—			—		24,043
Construction and land		10,953		2,122			—			—		13,075
Commercial real estate		8,165		2,482			—			—		10,647
Securities-based loans		2,915		(1,108	)		—			—		1,807
Home equity lines of credit		539		(40	)		—			—		499
Other		283		(37	)		—			1		247
	$	102,802	$	13,168		$	(150	)	$	1	$	115,821

	Six Months Ended June 30, 2020
	Beginning Balance		CECL Adoption			Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	69,949	$	(19,940	)	$	15,646		$	(152	)	$	—	$	65,503
Residential real estate		14,253		3,499			6,291			—			—		24,043
Construction and land		4,613		2,674			5,788			—			—		13,075
Commercial real estate		3,564		791			6,292			—			—		10,647
Securities-based loans		2,361		1,346			(1,900	)		—			—		1,807
Home equity lines of credit		442		39			17			—			1		499
Other		397		(145	)		12			(18	)		1		247
	$	95,579	$	(11,736	)	$	32,146		$	(170	)	$	2	$	115,821

Aging Of The Recorded Investment In Past Due Loans

	As of June 30, 2021
	30 – 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current Balance		Total
Commercial and industrial	$	—	$	7,096	$	7,096	$	4,943,420	$	4,950,516
Residential real estate		6,112		2,397		8,509		4,558,958		4,567,467
Securities-based loans		—		—		—		2,331,737		2,331,737
Construction and land		—		—		—		563,552		563,552
Commercial real estate		—		36		36		370,481		370,517
Home equity lines of credit		16		—		16		76,823		76,839
Other		13		—		13		38,166		38,179
Total	$	6,141	$	9,529	$	15,670	$	12,883,137	$	12,898,807

	As of June 30, 2021*
	Non-Accrual		Restructured		Nonperforming loans with no allowance		Total
Commercial and industrial	$	7,096	$	—	$	—	$	7,096
Residential real estate		1,148		157		1,249		2,554
Commercial real estate		36		—		—		36
Total	$	8,280	$	157	$	1,249	$	9,686

*	There were no loans past due 90 days and still accruing interest at June 30, 2021.

	As of December 31, 2020
	30 – 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current Balance		Total
Commercial and industrial	$	14	$	12,237	$	12,251	$	4,283,838	$	4,296,089
Residential real estate		4,554		1,249		5,803		3,950,867		3,956,670
Securities-based loans		—		—		—		1,933,974		1,933,974
Construction and land		—		—		—		501,681		501,681
Commercial real estate		—		144		144		366,341		366,485
Home equity lines of credit		12		—		12		75,495		75,507
Other		31		—		31		40,376		40,407
Total	$	4,611	$	13,630	$	18,241	$	11,152,572	$	11,170,813

	As of December 31, 2020*
	Non-Accrual		Restructured		Nonperforming loans with no allowance		Total
Commercial and industrial	$	12,251	$	—	$	—	$	12,251
Residential real estate		—		158		1,249		1,407
Commercial real estate		144		—		—		144
Total	$	12,395	$	158	$	1,249	$	13,802

*	There were no loans past due 90 days and still accruing interest at December 31, 2020.

Risk Category Of Loan Portfolio

	As of June 30, 2021
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial	$	4,708,163	$	68,006	$	167,251	$	7,096	$	4,950,516
Residential real estate		4,562,689		2,381		1,148		1,249		4,567,467
Securities-based loans		2,331,737		—		—		—		2,331,737
Construction and land		529,312		14,240		20,000		—		563,552
Commercial real estate		339,707		22,419		8,355		36		370,517
Home equity lines of credit		76,839		—		—		—		76,839
Other		38,179		—		—		—		38,179
Total	$	12,586,626	$	107,046	$	196,754	$	8,381	$	12,898,807

	As of December 31, 2020
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial	$	3,995,351	$	105,759	$	182,728	$	12,251	$	4,296,089
Residential real estate		3,955,421		—		—		1,249		3,956,670
Securities-based loans		1,933,974		—		—		—		1,933,974
Construction and land		467,441		14,240		20,000		—		501,681
Commercial real estate		356,008		10,333		—		144		366,485
Home equity lines of credit		75,507		—		—		—		75,507
Other		40,407		—		—		—		40,407
Total	$	10,824,109	$	130,332	$	202,728	$	13,644	$	11,170,813

Schedule of Term Loans Amortized Cost Basis by Origination Year and Revolving Cost Amortized Cost Basis

	Term Loans Amortized Cost Basis by Origination Year – June 30, 2021
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial:
Pass	$	712,522	$	467,589	$	408,459	$	790,870	$	350,147	$	406,331	$	1,572,245	$	4,708,163
Special Mention		—		—		—		41,580		—		26,426		—		68,006
Substandard		—		507		54,175		46,219		57,509		7,707		1,134		167,251
Doubtful		—		—		—		—		7,086		10		—		7,096
	$	712,522	$	468,096	$	462,634	$	878,669	$	414,742	$	440,474	$	1,573,379	$	4,950,516
Residential real estate:
Pass	$	1,204,294	$	1,457,540	$	736,759	$	301,660	$	242,712	$	619,724	$	—	$	4,562,689
Special Mention		—		2,296		—		—		—		85		—		2,381
Substandard		—		—		—		687		—		461		—		1,148
Doubtful		—		—		—		—		149		1,100		—		1,249
	$	1,204,294	$	1,459,836	$	736,759	$	302,347	$	242,861	$	621,370	$	—	$	4,567,467
Securities-based loans:
Pass	$	6,190	$	39,609	$	93,677	$	294	$	140	$	22,985	$	2,168,842	$	2,331,737
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	6,190	$	39,609	$	93,677	$	294	$	140	$	22,985	$	2,168,842	$	2,331,737
Construction and land:
Pass	$	27,356	$	79,439	$	223,544	$	129,569	$	63,104	$	6,300	$	—	$	529,312
Special Mention		—		—		—		14,240		—		—		—		14,240
Substandard		—		—		—		20,000		—		—		—		20,000
Doubtful		—		—		—		—		—		—		—		—
	$	27,356	$	79,439	$	223,544	$	163,809	$	63,104	$	6,300	$	—	$	563,552
Commercial real estate:
Pass	$	63,076	$	50,535	$	151,371	$	22,442	$	30,105	$	22,178	$	—	$	339,707
Special Mention		—		22,419		—		—		—		—		—		22,419
Substandard		—		—		—		—		—		8,355		—		8,355
Doubtful		—		—		—		36		—		—		—		36
	$	63,076	$	72,954	$	151,371	$	22,478	$	30,105	$	30,533	$	—	$	370,517
Home equity lines of credit:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	76,839	$	76,839
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	—	$	—	$	—	$	76,839	$	76,839
Other:
Pass	$	—	$	—	$	—	$	—	$	—	$	157	$	38,022	$	38,179
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	—	$	—	$	157	$	38,022	$	38,179