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LOANS RECEIVABLE AND THE ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
LOANS RECEIVABLE AND THE ALLOWANCE FOR LOAN LOSSES LOANS RECEIVABLE AND THE ALLOWANCE FOR CREDIT LOSSES - LOANS
The following table presents the loans receivable at September 30, 2021 and December 31, 2020 by class (dollars in thousands).
 September 30, 2021December 31, 2020
 AmountPercent of TotalAmountPercent of Total
Commercial real estate:    
Owner-occupied$1,122,275 12.2 %$1,076,467 10.9 %
Investment properties1,980,284 21.5 1,955,684 19.8 
Small balance CRE601,751 6.5 573,849 5.8 
Multifamily real estate532,760 5.8 428,223 4.4 
Construction, land and land development:
Commercial construction170,205 1.8 228,937 2.3 
Multifamily construction278,184 3.0 305,527 3.1 
One- to four-family construction571,431 6.2 507,810 5.1 
Land and land development308,164 3.4 248,915 2.5 
Commercial business:
Commercial business (1)
1,346,707 14.6 2,178,461 22.1 
Small business scored775,554 8.4 743,451 7.5 
Agricultural business, including secured by farmland (2)
287,469 3.1 299,949 3.0 
One- to four-family residential682,368 7.4 717,939 7.3 
Consumer:
Consumer—home equity revolving lines of credit
462,819 5.0 491,812 5.0 
Consumer—other98,413 1.1 113,958 1.2 
Total loans9,218,384 100.0 %9,870,982 100.0 %
Less allowance for credit losses – loans(139,915) (167,279) 
Net loans$9,078,469  $9,703,703  

(1)    Includes $307.0 million and $1.04 billion of U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) loans as of September 30, 2021 and December 31, 2020, respectively.
(2)    Includes $3.2 million of SBA PPP loans as of September 30, 2021 and none as of December 31, 2020.


Loan amounts are net of unearned loan fees in excess of unamortized costs of $12.2 million as of September 30, 2021 and $25.6 million as of December 31, 2020. Net loans include net discounts on acquired loans of $11.5 million and $16.1 million as of September 30, 2021 and December 31, 2020, respectively. Net loans does not include accrued interest receivable. Accrued interest receivable on loans was $31.5 million as of September 30, 2021 and $36.6 million as of December 31, 2020 and was reported in accrued interest receivable on the Consolidated Statements of Financial Condition.

Purchased credit-deteriorated and purchased non-credit-deteriorated loans. Loans acquired in business combinations are recorded at their fair value at the acquisition date. Acquired loans are evaluated upon acquisition and classified as either purchased credit-deteriorated (PCD) or purchased non-credit-deteriorated. There were no PCD loans acquired during the nine months ended September 30, 2021.
Troubled Debt Restructurings. Loans are reported as troubled debt restructures (TDRs) when the bank grants one or more concessions to a borrower experiencing financial difficulties that it would not otherwise consider.  Our TDRs have generally not involved forgiveness of amounts due, but almost always include a modification of multiple factors; the most common combination includes interest rate, payment amount and maturity date.
As of September 30, 2021 and December 31, 2020, the Company had TDRs of $5.6 million and $7.9 million, respectively, and no commitments to advance additional funds related to TDRs.

There were no new TDRs that occurred during the nine months ended September 30, 2021. The following table presents new TDRs that occurred during the three and nine months ended September 30, 2020 (dollars in thousands):
 Three Months Ended September 30, 2020Nine months ended September 30, 2020
 Number of
Contracts		Pre-modification Outstanding
Recorded Investment		Post-modification Outstanding
Recorded Investment		Number of
Contracts		Pre-
modification Outstanding
Recorded
Investment		Post-
modification Outstanding
Recorded
Investment
Recorded Investment       
Commercial business:
Commercial business— — — 2 4,796 4,796 
Total— $— $— 2 $4,796 $4,796 

There were no TDRs which incurred a payment default within twelve months of the restructure date during the three and nine-month periods ended September 30, 2021 and 2020. A default on a TDR results in either a transfer to nonaccrual status or a partial charge-off, or both.

Credit Quality Indicators:  To appropriately and effectively manage the ongoing credit quality of the Company’s loan portfolio, management has implemented a risk-rating or loan grading system for its loans.  The system is a tool to evaluate portfolio asset quality throughout each applicable loan’s life as an asset of the Company.  Generally, loans are risk rated on an aggregate borrower/relationship basis with individual loans sharing similar ratings.  There are some instances when specific situations relating to individual loans will provide the basis for different risk ratings within the aggregate relationship.  Loans are graded on a scale of 1 to 9.  A description of the general characteristics of these categories is shown below:

Overall Risk Rating Definitions:  Risk-ratings contain both qualitative and quantitative measurements and take into account the financial strength of a borrower and the structure of the loan or lease.  Consequently, the definitions are to be applied in the context of each lending transaction and judgment must also be used to determine the appropriate risk rating, as it is not unusual for a loan or lease to exhibit characteristics of more than one risk-rating category.  Consideration for the final rating is centered in the borrower’s ability to repay, in a timely fashion, both principal and interest.  The Company’s risk-rating and loan grading policies are reviewed and approved annually. There were no material changes in the risk-rating or loan grading system for the periods presented.

Risk Ratings 1-5: Pass
Credits with risk ratings of 1 to 5 meet the definition of a pass risk rating. The strength of credits vary within the pass risk ratings, ranging from a risk rated 1 being an exceptional credit to a risk rated 5 being an acceptable credit that requires a more than normal level of supervision.

Risk Rating 6: Special Mention
A credit with potential weaknesses that deserves management’s close attention is risk rated a 6.  If left uncorrected, these potential weaknesses will result in deterioration in the capacity to repay debt.  A key distinction between Special Mention and Substandard is that in a Special Mention credit, there are identified weaknesses that pose potential risk(s) to the repayment sources, versus well defined weaknesses that pose risk(s) to the repayment sources.  Assets in this category are expected to be in this category no more than 9-12 months as the potential weaknesses in the credit are resolved.

Risk Rating 7: Substandard
A credit with well-defined weaknesses that jeopardize the ability to repay in full is risk rated a 7.  These credits are inadequately protected by either the sound net worth and payment capacity of the borrower or the value of pledged collateral.  These are credits with a distinct possibility of loss.  Loans headed for foreclosure and/or legal action due to deterioration are rated 7 or worse.

Risk Rating 8: Doubtful
A credit with an extremely high probability of loss is risk rated 8.  These credits have all the same critical weaknesses that are found in a substandard loan; however, the weaknesses are elevated to the point that based upon current information, collection or liquidation in full is improbable.  While some loss on doubtful credits is expected, pending events may make the amount and timing of any loss indeterminable.  In these situations taking the loss is inappropriate until the outcome of the pending event is clear.

Risk Rating 9: Loss
A credit that is considered to be currently uncollectible or of such little value that it is no longer a viable bank asset is risk rated 9.  Losses should be taken in the accounting period in which the credit is determined to be uncollectible.  Taking a loss does not mean that a credit has absolutely no recovery or salvage value but, rather, it is not practical or desirable to defer writing off the credit, even though partial recovery may occur in the future.
The following tables present the Company’s portfolio of risk-rated loans by class and by grade as of September 30, 2021 and December 31, 2020 (in thousands). Revolving loans that are converted to term loans are treated as new originations in the table below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.
September 30, 2021
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20212020201920182017Prior
Commercial real estate - owner occupied
Risk Rating
Pass$202,187 $227,782 $154,951 $126,339 $92,197 $232,653 $11,457 $1,047,566 
Special Mention12,309 — 2,201 — 2,147 3,384 — 20,041 
Substandard1,968 — 13,770 — 3,058 35,872 — 54,668 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - owner occupied$216,464 $227,782 $170,922 $126,339 $97,402 $271,909 $11,457 $1,122,275 
Commercial real estate - investment properties
Risk Rating
Pass$286,605 $227,093 $266,240 $246,056 $227,915 $612,438 $19,726 $1,886,073 
Special Mention— — — 4,167 — — — 4,167 
Substandard2,162 9,651 5,292 17,197 10,368 45,374 — 90,044 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - investment properties$288,767 $236,744 $271,532 $267,420 $238,283 $657,812 $19,726 $1,980,284 
Multifamily real estate
Risk Rating
Pass$134,404 $79,418 $71,346 $37,285 $92,151 $109,993 $2,517 $527,114 
Special Mention— — — — — — — — 
Substandard— 2,312 1,420 — — 1,914 — 5,646 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily real estate$134,404 $81,730 $72,766 $37,285 $92,151 $111,907 $2,517 $532,760 
September 30, 2021
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20212020201920182017Prior
Commercial construction
Risk Rating
Pass$48,100 $52,593 $24,682 $31,084 $— $521 $— $156,980 
Special Mention— — — — — — — — 
Substandard4,272 — 4,035 4,820 — 98 — 13,225 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial construction$52,372 $52,593 $28,717 $35,904 $— $619 $— $170,205 
Multifamily construction
Risk Rating
Pass$59,818 $112,147 $86,493 $14,840 $— $— $— $273,298 
Special Mention— — — — — — — — 
Substandard— 4,886 — — — — — 4,886 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily construction$59,818 $117,033 $86,493 $14,840 $— $— $— $278,184 
One- to four- family construction
Risk Rating
Pass$466,258 $103,197 $331 $— $— $85 $1,560 $571,431 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total One- to four- family construction$466,258 $103,197 $331 $— $— $85 $1,560 $571,431 
September 30, 2021
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20212020201920182017Prior
Land and land development
Risk Rating
Pass$149,447 $112,761 $18,967 $9,189 $4,218 $8,174 $2,118 $304,874 
Special Mention— — — — — — — — 
Substandard2,874 14 267 — — 135 — 3,290 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Land and land development$152,321 $112,775 $19,234 $9,189 $4,218 $8,309 $2,118 $308,164 
Commercial business
Risk Rating
Pass$348,123 $274,487 $197,462 $127,281 $48,760 $83,084 $231,186 $1,310,383 
Special Mention68 86 271 — 690 11 10,667 11,793 
Substandard2,277 2,422 1,090 10,019 3,318 892 4,513 24,531 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial business$350,468 $276,995 $198,823 $137,300 $52,768 $83,987 $246,366 $1,346,707 
Agricultural business including secured by farmland
Risk Rating
Pass$26,643 $27,645 $51,961 $28,073 $15,698 $37,116 $93,390 $280,526 
Special Mention— — — — — — — — 
Substandard— 446 2,206 510 144 1,891 1,746 6,943 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Agricultural business including secured by farmland$26,643 $28,091 $54,167 $28,583 $15,842 $39,007 $95,136 $287,469 
December 31, 2020
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20202019201820172016Prior
Commercial real estate - owner occupied
Risk Rating
Pass$243,100 $156,838 $156,817 $122,484 $92,312 $212,792 $3,379 $987,722 
Special Mention— 4,560 — 2,251 — 1,869 149 8,829 
Substandard7,923 26,914 3,040 2,516 11,731 27,792 — 79,916 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - owner occupied$251,023 $188,312 $159,857 $127,251 $104,043 $242,453 $3,528 $1,076,467 
Commercial real estate - investment properties
Risk Rating
Pass$237,553 $262,543 $299,452 $218,018 $278,348 $502,914 $20,062 $1,818,890 
Special Mention— 2,712 — — 2,730 1,856 — 7,298 
Substandard19,812 11,418 20,352 36,310 23,027 18,577 — 129,496 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial real estate - investment properties$257,365 $276,673 $319,804 $254,328 $304,105 $523,347 $20,062 $1,955,684 
Multifamily real estate
Risk Rating
Pass$78,632 $69,825 $39,343 $93,442 $44,395 $96,863 $1,983 $424,483 
Special Mention— — — — — — — — 
Substandard2,312 1,428 — — — — — 3,740 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily real estate$80,944 $71,253 $39,343 $93,442 $44,395 $96,863 $1,983 $428,223 
December 31, 2020
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20202019201820172016Prior
Commercial construction
Risk Rating
Pass$83,506 $67,152 $41,299 $6,038 $2,158 $1,129 $— $201,282 
Special Mention— 5,963 — — — — — 5,963 
Substandard12,913 3,808 4,873 — 98 — — 21,692 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial construction$96,419 $76,923 $46,172 $6,038 $2,256 $1,129 $— $228,937 
Multifamily construction
Risk Rating
Pass$79,710 $151,141 $59,744 $14,932 $— $— $— $305,527 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Multifamily construction$79,710 $151,141 $59,744 $14,932 $— $— $— $305,527 
One- to four- family construction
Risk Rating
Pass$461,294 $35,910 $— $— $— $— $7,581 $504,785 
Special Mention1,563 — — — — — 630 2,193 
Substandard501 331 — — — — — 832 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total One- to four- family construction$463,358 $36,241 $— $— $— $— $8,211 $507,810 
December 31, 2020
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20202019201820172016Prior
Land and land development
Risk Rating
Pass$156,450 $37,397 $16,560 $6,801 $6,264 $4,840 $17,020 $245,332 
Special Mention— — — — — — — — 
Substandard14 30 3,047 190 — 302 — 3,583 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Land and land development$156,464 $37,427 $19,607 $6,991 $6,264 $5,142 $17,020 $248,915 
Commercial business
Risk Rating
Pass$1,243,276 $230,845 $203,051 $65,524 $38,757 $66,206 $264,741 $2,112,400 
Special Mention103 412 — 829 — 115 9,507 10,966 
Substandard6,624 14,413 18,569 5,224 1,320 453 8,492 55,095 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Commercial business$1,250,003 $245,670 $221,620 $71,577 $40,077 $66,774 $282,740 $2,178,461 
Agricultural business including secured by farmland
Risk Rating
Pass$32,032 $62,058 $31,381 $22,635 $22,394 $24,950 $91,660 $287,110 
Special Mention— — — 810 — 537 — 1,347 
Substandard1,542 2,652 1,076 163 675 3,049 2,335 11,492 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total Agricultural business including secured by farmland$33,574 $64,710 $32,457 $23,608 $23,069 $28,536 $93,995 $299,949 
The following tables present the Company’s portfolio of non-risk-rated loans by class and delinquency status as of September 30, 2021 and December 31, 2020 (in thousands). Revolving loans that are converted to term loans are treated as new originations in the table below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.
September 30, 2021
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20212020201920182017Prior
Small balance CRE
Past Due Category
Current$48,385 $80,778 $74,482 $85,597 $73,371 $238,549 $544 $601,706 
30-59 Days Past Due— — — — — 2 — 2 
60-89 Days Past Due43 — — — — — — 43 
90 Days + Past Due— — — — — — — — 
Total small balance CRE$48,428 $80,778 $74,482 $85,597 $73,371 $238,551 $544 $601,751 
Small business scored
Past Due Category
Current$176,262 $134,418 $119,587 $92,657 $63,168 $79,568 $108,154 $773,814 
30-59 Days Past Due— 132 10 128 14 50 172 506 
60-89 Days Past Due— — — 142 26 — 160 328 
90 Days + Past Due— 8 139 120 335 243 61 906 
Total small business scored$176,262 $134,558 $119,736 $93,047 $63,543 $79,861 $108,547 $775,554 
One- to four- family residential
Past Due Category
Current$157,577 $109,535 $65,469 $58,832 $64,017 $223,601 $1,751 $680,782 
30-59 Days Past Due— — — — — 107 — 107 
60-89 Days Past Due— — — — — 109 — 109 
90 Days + Past Due— 276 — 169 — 925 — 1,370 
Total One- to four- family residential$157,577 $109,811 $65,469 $59,001 $64,017 $224,742 $1,751 $682,368 
September 30, 2021
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20212020201920182017Prior
Consumer—home equity revolving lines of credit
Past Due Category
Current$7,044 $1,125 $1,711 $1,772 $2,089 $3,007 $444,348 $461,096 
30-59 Days Past Due— 65 110 — 100 385 180 840 
60-89 Days Past Due— — — — 71 91 2 164 
90 Days + Past Due— — 197 193 108 31 190 719 
Total Consumer—home equity revolving lines of credit$7,044 $1,190 $2,018 $1,965 $2,368 $3,514 $444,720 $462,819 
Consumer-other
Past Due Category
Current$13,921 $15,239 $9,426 $9,524 $6,917 $18,640 $24,394 $98,061 
30-59 Days Past Due5 118 17 79 20 26 49 314 
60-89 Days Past Due1 — — 3 7 6 17 34 
90 Days + Past Due— 4 — — — — — 4 
Total Consumer-other$13,927 $15,361 $9,443 $9,606 $6,944 $18,672 $24,460 $98,413 
December 31, 2020
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20202019201820172016Prior
Small balance CRE
Past Due Category
Current$56,544 $80,090 $84,749 $77,637 $68,791 $202,653 $2,550 $573,014 
30-59 Days Past Due— — — — — — — — 
60-89 Days Past Due— — — 45 — — — 45 
90 Days + Past Due— — — 567 — 223 — 790 
Total small balance CRE$56,544 $80,090 $84,749 $78,249 $68,791 $202,876 $2,550 $573,849 
Small business scored
Past Due Category
Current$157,161 $145,037 $126,578 $89,734 $47,909 $63,347 $109,287 $739,053 
30-59 Days Past Due129 62 310 723 4 1 230 1,459 
60-89 Days Past Due98 147 3 140 — 352 151 891 
90 Days + Past Due73 228 800 484 169 248 46 2,048 
Total small business scored$157,461 $145,474 $127,691 $91,081 $48,082 $63,948 $109,714 $743,451 
One- to four- family residential
Past Due Category
Current$105,411 $90,425 $92,232 $101,491 $60,738 $254,850 $3,164 $708,311 
30-59 Days Past Due1,051 — 1,302 829 — 1,438 — 4,620 
60-89 Days Past Due— — 19 — — 936 — 955 
90 Days + Past Due— 114 1,185 456 169 2,129 — 4,053 
Total One- to four- family residential$106,462 $90,539 $94,738 $102,776 $60,907 $259,353 $3,164 $717,939 
December 31, 2020
Term Loans by Year of OriginationRevolving LoansTotal Loans
By class:20202019201820172016Prior
Consumer—home equity revolving lines of credit
Past Due Category
Current$10,522 $2,617 $2,553 $3,359 $1,372 $2,154 $466,490 $489,067 
30-59 Days Past Due— — — — — 50 409 459 
60-89 Days Past Due— 202 — — — 237 — 439 
90 Days + Past Due— 312 198 564 286 255 232 1,847 
Total Consumer—home equity revolving lines of credit$10,522 $3,131 $2,751 $3,923 $1,658 $2,696 $467,131 $491,812 
Consumer-other
Past Due Category
Current$21,811 $13,377 $13,936 $11,433 $8,575 $18,802 $25,460 $113,394 
30-59 Days Past Due48 35 15 22 46 26 44 236 
60-89 Days Past Due242 — — 33 21 14 18 328 
90 Days + Past Due— — — — — — — — 
Total Consumer-other$22,101 $13,412 $13,951 $11,488 $8,642 $18,842 $25,522 $113,958 
The following tables provide the amortized cost basis of collateral-dependent loans as of September 30, 2021 and December 31, 2020 (in thousands). Our collateral dependent loans presented in the tables below have no significant concentrations by property type or location.
 September 30, 2021
Real EstateAccounts ReceivableEquipmentTotal
Commercial real estate:  
Owner-occupied$3,949 $— $— $3,949 
Investment properties7,468 — — 7,468 
Small balance CRE2,452 — — 2,452 
Commercial business
Commercial business107 659 56 822 
Small business scored41 — 44 85 
Agricultural business, including secured by farmland
427 — 594 1,021 
Total$14,444 $659 $694 $15,797 

 December 31, 2020
Real EstateAccounts ReceivableEquipmentTotal
Commercial real estate:  
Owner-occupied$7,506 $— $— $7,506 
Investment properties8,979 — — 8,979 
Small balance CRE567 — — 567 
Land and land development302 — — 302 
Commercial business
Commercial business557 — — 557 
Small business scored44 — 47 91 
Agricultural business, including secured by farmland
427 — 984 1,411 
One- to four-family residential196 — — 196 
Total$18,578 $— $1,031 $19,609 
The following tables provide additional detail on the age analysis of the Company’s past due loans as of September 30, 2021 and December 31, 2020 (in thousands):
 September 30, 2021
 30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More
Past Due		Total
Past Due		CurrentTotal LoansNon-accrual with no Allowance
Total Non-accrual (1)
Loans 90 Days or More Past Due and Accruing
Commercial real estate:       
Owner-occupied$— $— $495 $495 $1,121,780 $1,122,275 $3,952 $4,535 $— 
Investment properties— — 5,185 5,185 1,975,099 1,980,284 7,468 7,620 3,955 
Small balance CRE2 43 — 45 601,706 601,751 2,440 2,776 — 
Multifamily real estate— 342 — 342 532,418 532,760 — — — 
Construction, land and land development:
Commercial construction— — 98 98 170,107 170,205 — 98 — 
Multifamily construction4,886 — — 4,886 273,298 278,184 — — — 
One- to four-family construction— — — — 571,431 571,431 — — — 
Land and land development— — 14 14 308,150 308,164 — 256 — 
Commercial business
Commercial business117 167 847 1,131 1,345,576 1,346,707 820 1,326 — 
Small business scored506 328 906 1,740 773,814 775,554 83 1,374 61 
Agricultural business, including secured by farmland
— — 1,022 1,022 286,447 287,469 1,021 1,022 — 
One- to four-family residential107 109 1,370 1,586 680,782 682,368 — 3,182 772 
Consumer:
Consumer—home equity revolving lines of credit840 164 719 1,723 461,096 462,819 — 1,831 30 
Consumer—other314 34 4 352 98,061 98,413 — 19 4 
Total$6,772 $1,187 $10,660 $18,619 $9,199,765 $9,218,384 $15,784 $24,039 $4,822 
 December 31, 2020
 30-59 Days
Past Due		60-89 Days
Past Due		90 Days or More
Past Due		Total
Past Due		CurrentTotal LoansNon-accrual with no Allowance
Total Non-accrual (1)
Loans 90 Days or More Past Due and Accruing
Commercial real estate:       
Owner-occupied$— $182 $1,447 $1,629 $1,074,838 $1,076,467 $7,509 $8,429 $— 
Investment properties— — 7,981 7,981 1,947,703 1,955,684 8,979 8,979 — 
Small balance CRE— 45 790 835 573,014 573,849 567 791 — 
Multifamily real estate— — — — 428,223 428,223 — — — 
Construction, land and land development:
Commercial construction— — 98 98 228,839 228,937 — 98 — 
Multifamily construction— — — — 305,527 305,527 — — — 
One- to four-family construction356 — 331 687 507,123 507,810 — 331 — 
Land and land development— — 317 317 248,598 248,915 302 507 — 
Commercial business
Commercial business3,247 31 2,088 5,366 2,173,095 2,178,461 555 1,988 889 
Small business scored1,459 891 2,048 4,398 739,053 743,451 91 3,419 136 
Agricultural business, including secured by farmland
298 37 1,548 1,883 298,066 299,949 1,412 1,743 — 
One-to four-family residential4,620 955 4,053 9,628 708,311 717,939 171 3,556 1,899 
Consumer:
Consumer secured by one- to four-family459 439 1,847 2,745 489,067 491,812 — 2,697 130 
Consumer—other236 328 — 564 113,394 113,958 — 22 — 
Total$10,675 $2,908 $22,548 $36,131 $9,834,851 $9,870,982 $19,586 $32,560 $3,054 

(1)     The Company did not recognize any interest income on non-accrual loans during the three or nine months ended September 30, 2021 or the year ended December 31, 2020.
The following tables provide the activity in the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2021 and 2020 (in thousands):
 For the Three Months Ended September 30, 2021
 Commercial
Real Estate		Multifamily
Real Estate		Construction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerUnallocatedTotal
Allowance for credit losses:        
Beginning balance$60,349 $5,807 $30,899 $30,830 $3,256 $9,800 $7,068 $— $148,009 
(Recapture)/provision for credit losses(4,057)850 (1,557)(3,825)83 (359)15 — (8,850)
Recoveries923 — — 230 17 19 227 — 1,416 
Charge-offs— — — (362)(179)— (119)— (660)
Ending balance$57,215 $6,657 $29,342 $26,873 $3,177 $9,460 $7,191 $— $139,915 
For the Nine Months Ended September 30, 2021
 Commercial
Real Estate		Multifamily
Real Estate		Construction and LandCommercial
Business		Agricultural
Business		One- to Four-Family ResidentialConsumerUnallocatedTotal
Allowance for credit losses:        
Beginning balance$57,791 $3,893 $41,295 $35,007 $4,914 $9,913 $14,466 $— $167,279 
Provision/(recapture) for credit losses2,096 2,764 (12,053)(8,390)(1,581)(605)(7,216)— (24,985)
Recoveries1,094 — 100 1,530 25 152 620 — 3,521 
Charge-offs(3,766)— — (1,274)(181)— (679)— (5,900)
Ending balance$57,215 $6,657 $29,342 $26,873 $3,177 $9,460 $7,191 $— $139,915 

The changes in the allowance for credit losses - loans during the three and nine months ended September 30, 2021 were primarily the result of the $8.9 million recapture of provision for credit losses - loans recorded during the current quarter and the $25.0 million recapture of provision recorded during the nine months ended September 30, 2021. The change in allowance for credit losses - loans during the nine months ended September 30, 2021 was also impacted by net charge offs of $2.4 million recognized during the period. The recapture of provision for credit losses - loans for the current quarter and the nine months ended September 30, 2021 primarily reflects improvement in the forecasted economic indicators used to calculate the allowance for credit losses - loans and a decrease in adversely classified loans.
 For the Three Months Ended September 30, 2020
 Commercial
 Real Estate		Multifamily
Real Estate		Construction and LandCommercial BusinessAgricultural BusinessOne- to Four-Family ResidentialConsumerUnallocatedTotal
Allowance for credit losses:         
Beginning balance$53,166 $3,504 $36,916 $33,870 $4,517 $12,746 $11,633 $— $156,352 
Provision/(recapture) for credit losses6,895 (248)2,561 2,550 1,026 100 757 — 13,641 
Recoveries23 — — 246 — 94 82 — 445 
Charge-offs(379)— — (1,297)(492)(72)(233)— (2,473)
Ending balance$59,705 $3,256 $39,477 $35,369 $5,051 $12,868 $12,239 $— $167,965 
 For the Nine Months Ended September 30, 2020
 Commercial
 Real Estate		Multifamily
Real Estate		Construction and LandCommercial
Business		Agricultural
Business		One- to Four-Family ResidentialConsumerUnallocatedTotal
Allowance for loan losses:         
Beginning balance$30,591 $4,754 $22,994 $23,370 $4,120 $4,136 $8,202 $2,392 $100,559 
Impact of Adopting ASC 326(2,864)(2,204)2,515 3,010 (351)7,125 2,973 (2,392)7,812 
Provision/(recapture) for loan losses32,213 772 13,963 14,402 64 1,470 1,994 — 64,878 
Recoveries244 — 105 821 1,772 273 238 — 3,453 
Charge-offs(479)(66)(100)(6,234)(554)(136)(1,168)— (8,737)
Ending balance$59,705 $3,256 $39,477 $35,369 $5,051 $12,868 $12,239 $— $167,965