Quarterly report pursuant to Section 13 or 15(d)

LOANS AND ALLOWANCE FOR LOAN LOSSES

v3.21.2
LOANS AND ALLOWANCE FOR LOAN LOSSES
6 Months Ended
Jun. 30, 2021
Loans and Allowance for Loan Losses [Abstract]  
LOANS AND ALLOWANCE FOR LOAN LOSSES

3. LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES

The information included below reflects the impact of the CARES Act, as amended by the CAA, and the Joint Guidance. See Note 1 “Summary of Significant Accounting Policies” in the Company’s 2020 Form 10-K for information about COVID-19 and related legislative and regulatory developments.

The Company’s loans are stated at their face amount, net of deferred fees and costs, and consist of the following at June 30, 2021 and December 31, 2020 (dollars in thousands):

June 30, 2021

    

December 31, 2020

Construction and Land Development

$

838,722

$

925,798

Commercial Real Estate - Owner Occupied

 

2,069,658

 

2,128,909

Commercial Real Estate - Non-Owner Occupied

 

3,712,607

 

3,657,562

Multifamily Real Estate

 

860,081

 

814,745

Commercial & Industrial(1)

 

2,990,622

 

3,263,460

Residential 1-4 Family - Commercial

 

637,485

 

671,949

Residential 1-4 Family - Consumer

 

823,355

 

822,866

Residential 1-4 Family - Revolving

 

559,014

 

596,996

Auto

 

411,073

 

401,324

Consumer

 

195,036

 

247,730

Other Commercial(2)

 

600,276

 

489,975

Total loans held for investment, net of deferred fees and costs(3)

13,697,929

14,021,314

Allowance for loan and lease losses

(118,261)

(160,540)

Total loans held for investment, net

$

13,579,668

$

13,860,774

(1) Commercial & industrial loans include approximately $842.0 million and $1.2 billion in loans from the PPP at June 30, 2021 and December 31, 2020, respectively.

(2) Other commercial loans include approximately $17.4 million and $11.3 million in loans from the PPP at June 30, 2021 and December 31, 2020, respectively.

(3) Total loans include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $73.7 million and $69.7 million as of June 30, 2021 and December 31, 2020, respectively.

The following table shows the aging of the Company’s loan portfolio, by class, at June 30, 2021 (dollars in thousands):

    

    

    

    

Greater than

    

    

30-59 Days

60-89 Days

90 Days and

Current

Past Due

Past Due

still Accruing

Nonaccrual

Total Loans

Construction and Land Development

$

834,743

$

798

$

310

$

186

$

2,685

$

838,722

Commercial Real Estate - Owner Occupied

 

2,056,955

 

1,450

 

2,008

 

2,276

 

6,969

 

2,069,658

Commercial Real Estate - Non-Owner Occupied

 

3,707,175

 

1,501

 

78

 

827

 

3,026

 

3,712,607

Multifamily Real Estate

 

859,812

 

156

 

 

 

113

 

860,081

Commercial & Industrial

 

2,984,945

 

948

 

1,733

 

1,088

 

1,908

 

2,990,622

Residential 1-4 Family - Commercial

 

631,251

 

710

 

565

 

759

 

4,200

 

637,485

Residential 1-4 Family - Consumer

 

805,385

 

764

 

992

 

2,725

 

13,489

 

823,355

Residential 1-4 Family - Revolving

 

553,130

 

919

 

678

 

561

 

3,726

 

559,014

Auto

 

409,228

 

1,333

 

165

 

168

 

179

 

411,073

Consumer

 

193,934

 

545

 

297

 

156

 

104

 

195,036

Other Commercial

599,901

375

600,276

Total loans held for investment

$

13,636,459

$

9,499

$

6,826

$

8,746

$

36,399

$

13,697,929

% of total loans

99.55

%

0.07

%

0.05

%

0.06

%

0.27

%

100.00

%

The following table shows the aging of the Company’s loan portfolio, by class, at December 31, 2020 (dollars in thousands):

    

    

    

    

Greater than

    

    

 

30-59 Days

60-89 Days

90 Days and

 

Current

Past Due

Past Due

still Accruing

Nonaccrual

Total Loans

 

Construction and Land Development

$

920,276

$

1,903

$

547

$

$

3,072

$

925,798

Commercial Real Estate - Owner Occupied

 

2,114,804

 

1,870

 

1,380

 

3,727

 

7,128

 

2,128,909

Commercial Real Estate - Non-Owner Occupied

 

3,651,232

 

2,144

 

1,721

 

148

 

2,317

 

3,657,562

Multifamily Real Estate

 

814,095

 

617

 

 

 

33

 

814,745

Commercial & Industrial

 

3,257,201

 

1,848

 

1,190

 

1,114

 

2,107

 

3,263,460

Residential 1-4 Family - Commercial

 

657,351

 

2,227

 

818

 

1,560

 

9,993

 

671,949

Residential 1-4 Family - Consumer

 

792,852

 

10,182

 

1,533

 

5,699

 

12,600

 

822,866

Residential 1-4 Family - Revolving

 

587,522

 

2,975

 

1,044

 

826

 

4,629

 

596,996

Auto

 

398,206

 

2,076

 

376

 

166

 

500

 

401,324

Consumer

 

245,551

 

1,166

 

550

 

394

 

69

 

247,730

Other Commercial

489,959

16

489,975

Total loans held for investment

$

13,929,049

$

27,024

$

9,159

$

13,634

$

42,448

$

14,021,314

% of total loans

99.34

%

0.19

%

0.07

%

0.10

%

0.30

%

100.00

%

The following table shows the Company’s amortized cost basis of loans on nonaccrual status as of January 1, 2021, as well as amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of June 30, 2021 (dollars in thousands):

Nonaccrual

January 1, 2021

June 30, 2021

Nonaccrual With No ALLL

90 Days and still Accruing

Construction and Land Development

$

3,072

$

2,685

$

1,985

$

186

Commercial Real Estate - Owner Occupied

7,128

6,969

1,994

2,276

Commercial Real Estate - Non-Owner Occupied

2,317

3,026

827

Multifamily Real Estate

33

113

Commercial & Industrial

2,107

1,908

1

1,088

Residential 1-4 Family - Commercial

9,993

4,200

1,736

759

Residential 1-4 Family - Consumer

12,600

13,489

1,069

2,725

Residential 1-4 Family - Revolving

4,629

3,726

60

561

Auto

500

179

168

Consumer

69

104

156

Total loans held for investment

$

42,448

$

36,399

$

6,845

$

8,746

The following table shows the Company’s amortized cost basis of loans on nonaccrual status as of January 1, 2020, as well as amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of December 31, 2020 (dollars in thousands):

Nonaccrual

January 1, 2020

December 31, 2020

Nonaccrual With No ALLL

90 Days and still Accruing

Construction and Land Development

$

4,060

$

3,072

$

1,985

$

Commercial Real Estate - Owner Occupied

13,889

7,128

1,994

3,727

Commercial Real Estate - Non-Owner Occupied

1,368

2,317

148

Multifamily Real Estate

33

Commercial & Industrial

3,037

2,107

1

1,114

Residential 1-4 Family - Commercial

6,492

9,993

6,388

1,560

Residential 1-4 Family - Consumer

13,117

12,600

1,069

5,699

Residential 1-4 Family - Revolving

2,490

4,629

60

826

Auto

565

500

166

Consumer

88

69

394

Other Commercial

98

Total loans held for investment

$

45,204

$

42,448

$

11,497

$

13,634

There was no interest income recognized on nonaccrual loans during the three and six months ended June 30, 2021 and 2020. See Note 1 “Summary of Significant Accounting Policies” in the Company’s 2020 Form 10-K for additional information on the Company’s policies for nonaccrual loans.

Troubled Debt Restructurings

As of June 30, 2021, the Company has TDRs totaling $19.3 million with an estimated $800,000 of allowance for those loans for the current period. As of December 31, 2020, the Company had TDRs totaling $20.6 million with an estimated $1.6 million of allowance for those loans.

A modification of a loan’s terms constitutes a TDR if the creditor grants a concession that it would not otherwise consider to the borrower for economic or legal reasons related to the borrower’s financial difficulties. All loans that are considered to be TDRs are evaluated for credit losses in accordance with the Company’s ALLL methodology. For the three and six months ended June 30, 2021 and June 30, 2020, the recorded investment in TDRs prior to modifications was not materially impacted by the modifications.

The following table provides a summary, by class, of TDRs that continue to accrue interest under the terms of the applicable restructuring agreement, which are considered to be performing, and TDRs that have been placed on nonaccrual status, which are considered to be nonperforming, as of June 30, 2021 and December 31, 2020 (dollars in thousands):

June 30, 2021

December 31, 2020

    

No. of

    

Recorded

    

Outstanding

    

No. of

    

Recorded

    

Outstanding

Loans

Investment

Commitment

Loans

Investment

Commitment

Performing

 

  

 

  

 

  

 

  

 

  

 

  

Construction and Land Development

 

4

$

208

$

 

4

$

215

$

Commercial Real Estate - Owner Occupied

 

4

 

1,009

 

 

6

 

2,033

 

176

Commercial Real Estate - Non-Owner Occupied

 

1

 

1,089

 

 

1

 

1,089

 

Commercial & Industrial

 

2

 

434

 

 

4

 

727

 

Residential 1-4 Family - Commercial

 

 

 

 

3

 

245

 

Residential 1-4 Family - Consumer

 

80

 

9,641

 

 

77

 

8,943

 

Residential 1-4 Family - Revolving

 

3

 

271

 

3

 

3

 

277

 

Consumer

 

3

 

26

 

 

3

 

22

 

Other Commercial

1

375

1

410

Total performing

 

98

$

13,053

$

3

 

102

$

13,961

$

176

Nonperforming

 

  

 

  

 

  

 

  

 

  

 

  

Commercial Real Estate - Owner Occupied

 

2

$

832

$

 

1

$

20

$

Commercial Real Estate - Non-Owner Occupied

1

123

1

134

Commercial & Industrial

 

4

 

402

 

 

3

 

237

 

Residential 1-4 Family - Commercial

 

3

 

399

 

 

4

 

1,296

 

Residential 1-4 Family - Consumer

 

24

 

4,373

 

 

23

 

4,865

 

Residential 1-4 Family - Revolving

 

3

 

102

 

 

3

 

103

 

Total nonperforming

 

37

$

6,231

$

 

35

$

6,655

$

Total performing and nonperforming

 

135

$

19,284

$

3

 

137

$

20,616

$

176

The Company considers a default of a TDR to occur when the borrower is 90 days past due following the restructure or a foreclosure and repossession of the applicable collateral occurs. During the three and six months ended June 30, 2021 and 2020, the Company did not have any material loans that went into default that had been restructured in the twelve-month period prior to the time of default.

The following table shows, by class and modification type, TDRs that occurred during the three and six months ended June 30, 2021 (dollars in thousands):

Three Months Ended June 30, 2021

Six Months Ended June 30, 2021

    

    

Recorded

    

    

Recorded

No. of

Investment at

No. of

Investment at

Loans

Period End

Loans

Period End

Modified to interest only, at a market rate

 

  

 

  

 

  

 

  

Total interest only at market rate of interest

 

$

 

$

Term modification, at a market rate

 

  

 

  

 

  

 

  

Residential 1-4 Family - Consumer

 

$

 

2

$

104

Total loan term extended at a market rate

 

$

 

2

$

104

Term modification, below market rate

 

  

 

  

 

  

 

  

Residential 1-4 Family - Consumer

 

3

$

1,382

 

11

$

1,824

Consumer

 

 

 

1

 

15

Total loan term extended at a below market rate

 

3

$

1,382

 

12

$

1,839

Interest rate modification, below market rate

 

  

 

  

 

  

 

  

Residential 1-4 Family - Commercial

 

$

 

1

$

45

Total interest only at below market rate of interest

 

$

 

1

$

45

Total

 

3

$

1,382

 

15

$

1,988

The following table shows, by class and modification type, TDRs that occurred during the three and six months ended June 30, 2020 (dollars in thousands):

Three Months Ended June 30, 2020

Six Months Ended June 30, 2020

    

    

Recorded

    

    

Recorded

No. of

Investment at

No. of

Investment at

Loans

Period End

Loans

Period End

Modified to interest only, at a market rate

 

  

 

  

 

  

 

  

Total interest only at market rate of interest

 

$

 

$

Term modification, at a market rate

 

  

 

  

 

  

 

  

Commercial & Industrial

 

4

$

353

 

4

$

353

Residential 1-4 Family - Consumer

 

3

 

326

 

3

 

326

Consumer

 

1

 

10

 

1

 

10

Total loan term extended at a market rate

 

8

$

689

 

8

$

689

Term modification, below market rate

 

  

 

  

 

  

 

  

Construction and Land Development

$

1

$

35

Residential 1-4 Family - Consumer

 

3

 

172

 

13

 

1,937

Residential 1-4 Family - Revolving

1

52

1

52

Total loan term extended at a below market rate

 

4

$

224

 

15

$

2,024

Interest rate modification, below market rate

 

  

 

  

 

  

 

  

Total interest only at below market rate of interest

 

$

 

$

Total

 

12

$

913

 

23

$

2,713

Allowance for Loan and Lease Losses

ALLL on the loan portfolio is a material estimate for the Company. The Company estimates its ALLL on its loan portfolio on a quarterly basis. The Company models the ALLL using two primary segments, Commercial and Consumer. Each loan segment is further disaggregated into classes based on similar risk characteristics. The Company has identified the following classes within each loan segment:

Commercial: Construction and Land Development, Commercial Real Estate – Owner Occupied, Commercial Real Estate – Non-Owner Occupied, Multifamily Real Estate, Commercial & Industrial, Residential 1-4 Family – Commercial, and Other Commercial
Consumer: Residential 1-4 Family – Consumer, Residential 1-4 Family – Revolving, Auto, and Consumer

The following tables show the ALLL activity by loan segment for the three and six months ended June 30, 2021 and 2020 (dollars in thousands):

Three Months Ended June 30, 2021

Six Months Ended June 30, 2021

Commercial

Consumer

Total

Commercial

Consumer

Total

Balance at beginning of period

$

106,432

$

36,479

$

142,911

$

117,403

$

43,137

$

160,540

Loans charged-off

 

(891)

 

(1,054)

 

(1,945)

 

(2,865)

 

(2,721)

 

(5,586)

Recoveries credited to allowance

 

1,042

 

834

 

1,876

 

2,648

 

1,697

 

4,345

Provision charged to operations

 

(16,746)

 

(7,835)

 

(24,581)

 

(27,349)

 

(13,689)

 

(41,038)

Balance at end of period

$

89,837

$

28,424

$

118,261

$

89,837

$

28,424

$

118,261

Three Months Ended June 30, 2020

Six Months Ended June 30, 2020

Commercial

Consumer

Total

Commercial

Consumer

Total

Balance at beginning of period

$

77,843

$

63,200

$

141,043

$

30,941

$

11,353

$

42,294

Impact of ASC 326 adoption on non-PCD loans

 

 

 

 

4,432

 

40,666

 

45,098

Impact of ASC 326 adoption on PCD loans

 

 

 

 

1,752

 

634

 

2,386

Impact of adopting ASC 326

 

 

 

 

6,184

 

41,300

 

47,484

Loans charged-off

 

(1,590)

 

(3,087)

 

(4,677)

 

(4,558)

 

(7,270)

 

(11,828)

Recoveries credited to allowance

 

708

 

703

 

1,411

 

1,862

 

1,709

 

3,571

Provision charged to operations

 

34,993

 

(2,793)

 

32,200

 

77,525

 

10,931

 

88,456

Balance at end of period

$

111,954

$

58,023

$

169,977

$

111,954

$

58,023

$

169,977

Credit Quality Indicators

Credit quality indicators are utilized to help estimate the collectability of each loan class within the Commercial and Consumer loan segments. For classes of loans within the Commercial segment, the primary credit quality indicator used for evaluating credit quality and estimating the ALLL is risk rating categories of Pass, Watch, Special Mention, Substandard, and Doubtful.  For classes of loans within the Consumer segment, the primary credit quality indicator used for evaluating credit quality and estimating the ALLL is delinquency bands of Current, 30-59, 60-89, 90+, and Nonaccrual.  While other credit quality indicators are evaluated and analyzed as part of the Company’s credit risk management activities, these indicators are primarily used in estimating the ALLL. The Company evaluates the credit risk of its loan portfolio on at least a quarterly basis.

Commercial Loans

The Company uses a risk rating system as the primary credit quality indicator for classes of loans within the Commercial segment. The risk rating system on a scale of 0 through 9 is used to determine risk level as used in the calculation of the allowance for credit loss. The risk levels, as described below, do not necessarily follow the regulatory definitions of risk levels with the same name. A general description of the characteristics of the risk levels follows:

Pass is determined by the following criteria:

Risk rated 0 loans have little or no risk and are with General Obligation Municipal Borrowers;
Risk rated 1 loans have little or no risk and are generally secured by cash or cash equivalents;
Risk rated 2 loans have minimal risk to well qualified borrowers and no significant questions as to safety;
Risk rated 3 loans are satisfactory loans with strong borrowers and secondary sources of repayment;
Risk rated 4 loans are satisfactory loans with borrowers not as strong as risk rated 3 loans and may exhibit a greater degree of financial risk based on the type of business supporting the loan.

Watch is determined by the following criteria:

Risk rated 5 loans are watch loans that warrant more than the normal level of supervision and have the possibility of an event occurring that may weaken the borrower’s ability to repay;

Special Mention is determined by the following criteria:

Risk rated 6 loans have increasing potential weaknesses beyond those at which the loan originally was granted and if not addressed could lead to inadequately protecting the Company’s credit position.

Substandard is determined by the following criteria:

Risk rated 7 loans are substandard loans and are inadequately protected by the current sound worth or paying capacity of the obligor or the collateral pledged; these have well defined weaknesses that jeopardize the liquidation of the debt with the distinct possibility the Company will sustain some loss if the deficiencies are not corrected.

Doubtful is determined by the following criteria:

Risk rated 8 loans are doubtful of collection and the possibility of loss is high but pending specific borrower plans for recovery, its classification as a loss is deferred until its more exact status is determined;
Risk rated 9 loans are loss loans which are considered uncollectable and of such little value that their continuance as bankable assets is not warranted.

The table below details the amortized cost of the classes of loans within the Commercial segment by risk level and year of origination as of June 30, 2021 (dollars in thousands):

June 30, 2021

Term Loans Amortized Cost Basis by Origination Year

2021

2020

2019

2018

2017

Prior

Revolving Loans

Total

Construction and Land Development

Pass

$

169,737

$

284,804

$

136,881

$

79,204

$

19,754

$

54,558

$

14,405

$

759,343

Watch

2,991

3,168

27,862

1,201

339

6,870

42,431

Special Mention

629

132

1,102

1,863

Substandard

524

29,101

7

5,453

35,085

Total Construction and Land Development

$

172,728

$

287,972

$

165,896

$

109,638

$

20,100

$

67,983

$

14,405

$

838,722

Commercial Real Estate - Owner Occupied

Pass

$

107,413

$

282,904

$

318,170

$

275,683

$

214,996

$

634,229

$

24,428

$

1,857,823

Watch

113

13,848

16,318

16,499

14,099

47,956

675

109,508

Special Mention

960

29,741

1,493

1,121

38,305

2,157

73,777

Substandard

4,906

1,711

1,974

19,159

800

28,550

Total Commercial Real Estate - Owner Occupied

$

107,526

$

297,712

$

369,135

$

295,386

$

232,190

$

739,649

$

28,060

$

2,069,658

Commercial Real Estate - Non-Owner Occupied

Pass

$

225,833

$

436,594

$

457,142

$

373,263

$

390,212

$

1,096,953

$

53,293

$

3,033,290

Watch

12,557

8,991

104,690

65,828

39,917

205,843

384

438,210

Special Mention

693

70,587

42,248

18,436

42,236

218

174,418

Substandard

11,245

13,170

9,318

32,956

66,689

Total Commercial Real Estate - Non-Owner Occupied

$

238,390

$

457,523

$

632,419

$

494,509

$

457,883

$

1,377,988

$

53,895

$

3,712,607

Commercial & Industrial

Pass

$

735,552

$

814,028

$

302,050

$

161,183

$

49,690

$

187,496

$

610,304

$

2,860,303

Watch

193

12,537

24,828

19,606

5,032

5,377

24,102

91,675

Special Mention

637

1,205

5,865

3,388

975

1,573

11,454

25,097

Substandard

56

4,602

1,216

274

2,223

5,176

13,547

Total Commercial & Industrial

$

736,382

$

827,826

$

337,345

$

185,393

$

55,971

$

196,669

$

651,036

$

2,990,622

Multifamily Real Estate

Pass

$

36,278

$

142,330

$

131,106

$

145,985

$

101,098

$

259,262

$

7,236

$

823,295

Watch

4,367

465

24,438

42

29,312

Special Mention

2,273

634

4,361

93

7,361

Substandard

113

113

Total Multifamily Real Estate

$

36,278

$

144,603

$

136,107

$

150,811

$

101,098

$

283,906

$

7,278

$

860,081

Residential 1-4 Family - Commercial

Pass

$

56,120

$

100,940

$

75,069

$

54,133

$

66,745

$

236,341

$

1,233

$

590,581

Watch

2,153

3,813

8,760

3,667

9,597

195

28,185

Special Mention

163

450

426

6,124

7,163

Substandard

3,484

773

1,390

5,421

488

11,556

Total Residential 1-4 Family - Commercial

$

56,283

$

103,093

$

82,366

$

64,116

$

72,228

$

257,483

$

1,916

$

637,485

Other Commercial

Pass

$

147,863

$

206,752

$

108,972

$

6,247

$

26,650

$

53,072

$

16,252

$

565,808

Watch

597

1,273

5,071

800

7,741

Special Mention

4

204

26,144

26,352

Substandard

375

375

Total Other Commercial

$

147,863

$

206,752

$

108,972

$

6,844

$

27,927

$

58,722

$

43,196

$

600,276

Total Commercial

Pass

$

1,478,796

$

2,268,352

$

1,529,390

$

1,095,698

$

869,145

$

2,521,911

$

727,151

$

10,490,443

Watch

15,854

40,697

181,878

112,956

64,327

305,152

26,198

747,062

Special Mention

800

5,131

107,456

52,072

20,962

89,637

39,973

316,031

Substandard

11,301

13,516

45,971

12,963

65,700

6,464

155,915

Total Commercial

$

1,495,450

$

2,325,481

$

1,832,240

$

1,306,697

$

967,397

$

2,982,400

$

799,786

$

11,709,451

The table below details the amortized cost of the classes of loans within the Commercial segment by risk level and year of origination as of December 31, 2020 (dollars in thousands):

December 31, 2020

Term Loans Amortized Cost Basis by Origination Year

2020

2019

2018

2017

2016

Prior

Revolving Loans

Total

Construction and Land Development

Pass

$

316,585

$

277,142

$

116,800

$

24,770

$

42,970

$

54,023

$

23,324

$

855,614

Watch

1,873

18,181

8,434

344

2,355

6,372

412

37,971

Special Mention

5,532

135

2,655

8,322

Substandard

17,780

64

2,037

4,010

23,891

Total Construction and Land Development

$

318,458

$

300,855

$

143,149

$

25,178

$

47,362

$

67,060

$

23,736

$

925,798

Commercial Real Estate - Owner Occupied

Pass

$

286,522

$

375,541

$

300,583

$

233,359

$

128,261

$

570,361

$

18,838

$

1,913,465

Watch

1,942

14,611

22,224

15,623

24,979

41,361

1,648

122,388

Special Mention

988

6,052

5,749

4,198

9,907

30,455

1,121

58,470

Substandard

4,858

5,159

914

1,555

21,101

999

34,586

Total Commercial Real Estate - Owner Occupied

$

289,452

$

401,062

$

333,715

$

254,094

$

164,702

$

663,278

$

22,606

$

2,128,909

Commercial Real Estate - Non-Owner Occupied

Pass

$

381,849

$

455,427

$

433,183

$

403,677

$

336,630

$

850,035

$

30,421

$

2,891,222

Watch

28,354

142,279

76,838

59,451

79,533

224,944

16,870

628,269

Special Mention

702

11,072

34,905

18,073

40,771

11,211

723

117,457

Substandard

246

13,357

25

6,986

20,614

Total Commercial Real Estate - Non-Owner Occupied

$

411,151

$

608,778

$

558,283

$

481,201

$

456,959

$

1,093,176

$

48,014

$

3,657,562

Commercial & Industrial

Pass

$

1,730,876

$

350,618

$

199,489

$

67,035

$

71,799

$

140,461

$

590,701

$

3,150,979

Watch

4,872

32,028

13,073

6,500

3,182

4,906

19,972

84,533

Special Mention

1,009

2,178

3,890

1,150

724

1,234

4,755

14,940

Substandard

534

4,269

1,274

309

560

2,676

3,386

13,008

Total Commercial & Industrial

$

1,737,291

$

389,093

$

217,726

$

74,994

$

76,265

$

149,277

$

618,814

$

3,263,460

Multifamily Real Estate

Pass

$

144,805

$

85,740

$

150,724

$

117,881

$

67,984

$

231,113

$

2,311

$

800,558

Watch

5,074

475

617

560

6,726

Special Mention

2,280

4,388

760

7,428

Substandard

33

33

Total Multifamily Real Estate

$

147,085

$

90,814

$

155,587

$

117,881

$

68,601

$

232,466

$

2,311

$

814,745

Residential 1-4 Family - Commercial

Pass

$

104,630

$

89,332

$

70,310

$

79,156

$

68,915

$

201,492

$

2,236

$

616,071

Watch

666

6,665

8,252

4,141

4,067

9,307

195

33,293

Special Mention

601

663

468

5,923

7,655

Substandard

644

793

4,913

1,995

986

5,111

488

14,930

Total Residential 1-4 Family - Commercial

$

105,940

$

96,790

$

84,076

$

85,955

$

74,436

$

221,833

$

2,919

$

671,949

Other Commercial

Pass

$

223,490

$

112,045

$

9,549

$

30,314

$

16,494

$

42,158

$

44,180

$

478,230

Watch

613

1,299

1,189

3,934

7,035

Special Mention

10

7

4,591

102

4,710

Total Other Commercial

$

223,500

$

112,045

$

10,162

$

31,620

$

17,683

$

50,683

$

44,282

$

489,975

Total Commercial

Pass

$

3,188,757

$

1,745,845

$

1,280,638

$

956,192

$

733,053

$

2,089,643

$

712,011

$

10,706,139

Watch

37,707

218,838

129,909

87,358

115,922

291,384

39,097

920,215

Special Mention

4,989

24,834

49,668

24,091

51,870

56,829

6,701

218,982

Substandard

1,424

9,920

42,483

3,282

5,163

39,917

4,873

107,062

Total Commercial

$

3,232,877

$

1,999,437

$

1,502,698

$

1,070,923

$

906,008

$

2,477,773

$

762,682

$

11,952,398

Consumer Loans

For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. The following table details the amortized cost of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of June 30, 2021 (dollars in thousands):

June 30, 2021

Term Loans Amortized Cost Basis by Origination Year

2021

2020

2019

2018

2017

Prior

Revolving Loans

Total

Residential 1-4 Family - Consumer

Current

$

129,493

$

198,964

$

68,060

$

45,005

$

55,929

$

307,923

$

11

$

805,385

30-59 Days Past Due

89

44

631

764

60-89 Days Past Due

117

307

568

992

90+ Days Past Due

161

194

20

2,350

2,725

Nonaccrual

85

908

887

11,609

13,489

Total Residential 1-4 Family - Consumer

$

129,493

$

199,125

$

68,545

$

45,933

$

57,167

$

323,081

$

11

$

823,355

Residential 1-4 Family - Revolving

Current

$

2,639

$

10,741

$

2,660

$

1,256

$

$

486

$

535,348

$

553,130

30-59 Days Past Due

919

919

60-89 Days Past Due

678

678

90+ Days Past Due

561

561

Nonaccrual

73

20

227

3,406

3,726

Total Residential 1-4 Family - Revolving

$

2,639

$

10,814

$

2,660

$

1,276

$

$

713

$

540,912

$

559,014

Consumer

Current

$

6,922

$

20,354

$

50,736

$

46,063

$

16,716

$

19,881

$

33,262

$

193,934

30-59 Days Past Due

21

104

154

51

201

14

545

60-89 Days Past Due

9

148

65

28

31

16

297

90+ Days Past Due

21

126

7

1

1

156

Nonaccrual

104

104

Total Consumer

$

6,922

$

20,384

$

51,009

$

46,408

$

16,802

$

20,218

$

33,293

$

195,036

Auto

Current

$

85,151

$

151,237

$

92,687

$

42,811

$

23,624

$

13,718

$

$

409,228

30-59 Days Past Due

30

419

387

184

166

147

1,333

60-89 Days Past Due

50

19

26

52

10

8

165

90+ Days Past Due

3

132

18

15

168

Nonaccrual

28

27

30

32

62

179

Total Auto

$

85,231

$

151,706

$

93,259

$

43,077

$

23,850

$

13,950

$

$

411,073

Total Consumer

Current

$

224,205

$

381,296

$

214,143

$

135,135

$

96,269

$

342,008

$

568,621

$

1,961,677

30-59 Days Past Due

30

440

580

338

261

979

933

3,561

60-89 Days Past Due

50

28

291

117

345

607

694

2,132

90+ Days Past Due

164

347

146

25

2,366

562

3,610

Nonaccrual

101

112

958

919

12,002

3,406

17,498

Total Consumer

$

224,285

$

382,029

$

215,473

$

136,694

$

97,819

$

357,962

$

574,216

$

1,988,478

The Company did not have any material revolving loans convert to term during the six months ended June 30, 2021.

The following table details the amortized cost of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, 2020 (dollars in thousands):

December 31, 2020

Term Loans Amortized Cost Basis by Origination Year

2020

2019

2018

2017

2016

Prior

Revolving Loans

Total

Residential 1-4 Family - Consumer

Current

$

213,763

$

75,133

$

64,299

$

68,320

$

102,123

$

269,203

$

11

$

792,852

30-59 Days Past Due

678

181

2,243

516

457

6,107

10,182

60-89 Days Past Due

156

57

679

641

1,533

90+ Days Past Due

608

1,696

23

1,246

2,126

5,699

Nonaccrual

696

851

887

10,166

12,600

Total Residential 1-4 Family - Consumer

$

215,205

$

77,010

$

67,318

$

70,366

$

104,713

$

288,243

$

11

$

822,866

Residential 1-4 Family - Revolving

Current

$

13,217

$

3,916

$

1,593

$

300

$

$

636

$

567,860

$

587,522

30-59 Days Past Due

70

2,905

2,975

60-89 Days Past Due

53

991

1,044

90+ Days Past Due

826

826

Nonaccrual

21

227

4,381

4,629

Total Residential 1-4 Family - Revolving

$

13,340

$

3,916

$

1,614

$

300

$

$

863

$

576,963

$

596,996

Consumer

Current

$

26,498

$

68,208

$

67,041

$

22,464

$

9,997

$

15,893

$

35,450

$

245,551

30-59 Days Past Due

35

252

504

98

15

143

119

1,166

60-89 Days Past Due

28

176

317

23

3

3

550

90+ Days Past Due

5

84

242

4

56

3

394

Nonaccrual

69

69

Total Consumer

$

26,566

$

68,720

$

68,104

$

22,589

$

10,012

$

16,164

$

35,575

$

247,730

Auto

Current

$

171,051

$

115,319

$

55,886

$

32,555

$

17,081

$

6,314

$

$

398,206

30-59 Days Past Due

239

467

543

478

197

152

2,076

60-89 Days Past Due

124

150

59

26

17

376

90+ Days Past Due

6

23

53

58

15

11

166

Nonaccrual

30

93

126

101

88

62

500

Total Auto

$

171,450

$

116,052

$

56,608

$

33,251

$

17,407

$

6,556

$

$

401,324

Total Consumer

Current

$

424,529

$

262,576

$

188,819

$

123,639

$

129,201

$

292,046

$

603,321

$

2,024,131

30-59 Days Past Due

1,022

900

3,290

1,092

669

6,402

3,024

16,399

60-89 Days Past Due

361

326

374

761

26

661

994

3,503

90+ Days Past Due

619

1,803

318

62

1,261

2,193

829

7,085

Nonaccrual

30

93

843

952

975

10,524

4,381

17,798

Total Consumer

$

426,561

$

265,698

$

193,644

$

126,506

$

132,132

$

311,826

$

612,549

$

2,068,916

The Company did not have any material revolving loans convert to term during the year ended December 31, 2020.