Quarterly report pursuant to Section 13 or 15(d)

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

v3.21.2
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
9 Months Ended
Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Stated at Face Amount, Net of Unearned Income

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

​

​

​

​

​

​

​

​

​

​

September 30, 2021

    

December 31, 2020

Construction and Land Development

​

$

877,351

​

$

925,798

Commercial Real Estate - Owner Occupied

​

 

2,027,299

​

 

2,128,909

Commercial Real Estate - Non-Owner Occupied

​

 

3,730,720

​

 

3,657,562

Multifamily Real Estate

​

 

776,287

​

 

814,745

Commercial & Industrial(1)

​

 

2,580,190

​

 

3,263,460

Residential 1-4 Family - Commercial

​

 

624,347

​

 

671,949

Residential 1-4 Family - Consumer

​

 

822,971

​

 

822,866

Residential 1-4 Family - Revolving

​

 

557,803

​

 

596,996

Auto

​

 

425,436

​

 

401,324

Consumer

​

 

182,039

​

 

247,730

Other Commercial(2)

​

 

535,143

​

 

489,975

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

​

​

13,139,586

​

​

14,021,314

Allowance for loan and lease losses

​

​

(101,798)

​

​

(160,540)

Total loans held for investment, net

​

$

13,037,788

​

$

13,860,774

(1) Commercial & industrial loans include approximately $455.8 million and $1.2 billion in loans from the PPP at September 30, 2021 and December 31, 2020, respectively.

​

(2) Other commercial loans include approximately $10.8 million and $11.3 million in loans from the PPP at September 30, 2021 and December 31, 2020, respectively.

​

(3) Total loans include unamortized premiums and discounts, and unamortized deferred fees and costs totaling $60.0 million and $69.7 million as of September 30, 2021 and December 31, 2020, respectively.

Summary of Aging of the Loan Portfolio by Class

The following table shows the aging of the Company’s loan portfolio, by class, at September 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

​

$

873,535

​

$

744

​

$

58

​

$

304

​

$

2,710

​

$

877,351

​

Commercial Real Estate - Owner Occupied

​

 

2,016,831

​

 

735

​

 

61

​

 

1,886

​

 

7,786

​

 

2,027,299

​

Commercial Real Estate - Non-Owner Occupied

​

 

3,723,499

​

 

1,302

​

 

570

​

 

1,175

​

 

4,174

​

 

3,730,720

​

Multifamily Real Estate

​

 

776,174

​

 

—

​

 

—

​

 

—

​

 

113

​

 

776,287

​

Commercial & Industrial

​

 

2,562,455

​

 

11,089

​

 

3,328

​

 

1,256

​

 

2,062

​

 

2,580,190

​

Residential 1-4 Family - Commercial

​

 

619,306

​

 

807

​

 

698

​

 

1,091

​

 

2,445

​

 

624,347

​

Residential 1-4 Family - Consumer

​

 

805,765

​

 

406

​

 

2,188

​

 

2,462

​

 

12,150

​

 

822,971

​

Residential 1-4 Family - Revolving

​

 

549,927

​

 

1,092

​

 

587

​

 

2,474

​

 

3,723

​

 

557,803

​

Auto

​

 

423,222

​

 

1,548

​

 

202

​

 

209

​

 

255

​

 

425,436

​

Consumer

​

 

180,705

​

 

790

​

 

317

​

 

173

​

 

54

​

 

182,039

​

Other Commercial

​

​

533,912

​

​

631

​

​

600

​

​

—

​

​

—

​

​

535,143

​

Total loans held for investment

​

$

13,065,331

​

$

19,144

​

$

8,609

​

$

11,030

​

$

35,472

​

$

13,139,586

​

% of total loans

​

​

99.43

%

​

0.15

%

​

0.07

%

​

0.08

%

​

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

%

Summary of Loans on Nonaccrual Status

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 September 30, 2021 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nonaccrual

​

​

​

​

​

​

​

​

January 1, 2021

​

September 30, 2021

​

Nonaccrual With No ALLL

​

90 Days and still Accruing

Construction and Land Development

​

$

3,072

​

$

2,710

​

$

1,985

​

$

304

Commercial Real Estate - Owner Occupied

​

​

7,128

​

​

7,786

​

​

1,996

​

​

1,886

Commercial Real Estate - Non-Owner Occupied

​

​

2,317

​

​

4,174

​

​

1,089

​

​

1,175

Multifamily Real Estate

​

​

33

​

​

113

​

​

—

​

​

—

Commercial & Industrial

​

​

2,107

​

​

2,062

​

​

1

​

​

1,256

Residential 1-4 Family - Commercial

​

​

9,993

​

​

2,445

​

​

-

​

​

1,091

Residential 1-4 Family - Consumer

​

​

12,600

​

​

12,150

​

​

1,047

​

​

2,462

Residential 1-4 Family - Revolving

​

​

4,629

​

​

3,723

​

​

60

​

​

2,474

Auto

​

​

500

​

​

255

​

​

—

​

​

209

Consumer

​

​

69

​

​

54

​

​

—

​

​

173

Total loans held for investment

​

$

42,448

​

$

35,472

​

$

6,178

​

$

11,030

​

​

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

Summary of Modified Loans that Continue to Accrue Interest Under the Terms of Restructuring Agreement

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 September 30, 2021 and December 31, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 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

​

$

205

​

$

—

 

4

​

$

215

​

$

—

Commercial Real Estate - Owner Occupied

 

4

​

 

1,003

​

 

—

 

6

​

 

2,033

​

 

176

Commercial Real Estate - Non-Owner Occupied

 

—

​

 

—

​

 

—

 

1

​

 

1,089

​

 

—

Commercial & Industrial

 

2

​

 

413

​

 

—

 

4

​

 

727

​

 

—

Residential 1-4 Family - Commercial

 

—

​

 

—

​

 

—

 

3

​

 

245

​

 

—

Residential 1-4 Family - Consumer

 

75

​

 

9,182

​

 

—

 

77

​

 

8,943

​

 

—

Residential 1-4 Family - Revolving

 

3

​

 

268

​

 

4

 

3

​

 

277

​

 

—

Consumer

 

2

​

 

16

​

 

—

 

3

​

 

22

​

 

—

Other Commercial

​

1

​

​

248

​

​

—

​

1

​

​

410

​

​

—

Total performing

 

91

​

$

11,335

​

$

4

 

102

​

$

13,961

​

$

176

Nonperforming

 

  

​

 

  

​

 

  

 

  

​

 

  

​

 

  

Commercial Real Estate - Owner Occupied

 

2

​

$

831

​

$

—

 

1

​

$

20

​

$

—

Commercial Real Estate - Non-Owner Occupied

​

3

​

​

1,366

​

​

—

​

1

​

​

134

​

​

—

Commercial & Industrial

 

4

​

 

362

​

 

—

 

3

​

 

237

​

 

—

Residential 1-4 Family - Commercial

 

3

​

 

393

​

 

—

 

4

​

 

1,296

​

 

—

Residential 1-4 Family - Consumer

 

24

​

 

4,312

​

 

—

 

23

​

 

4,865

​

 

—

Residential 1-4 Family - Revolving

 

3

​

 

101

​

 

—

 

3

​

 

103

​

 

—

Total nonperforming

 

39

​

$

7,365

​

$

—

 

35

​

$

6,655

​

$

—

Total performing and nonperforming

 

130

​

$

18,700

​

$

4

 

137

​

$

20,616

​

$

176

Schedule of TDR by Class and Modification Type

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2021

​

Nine Months Ended September 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

 

  

​

 

  

 

  

​

 

  

Commercial Real Estate - Non-Owner Occupied

 

1

​

 

157

 

1

​

 

157

Residential 1-4 Family - Consumer

 

—

​

$

—

 

2

​

$

102

Total loan term extended at a market rate

 

1

​

$

157

 

3

​

$

259

​

​

​

​

​

​

​

​

​

​

​

Term modification, below market rate

 

  

​

 

  

 

  

​

 

  

Residential 1-4 Family - Consumer

 

—

​

$

—

 

11

​

$

1,813

Consumer

 

—

​

 

—

 

1

​

 

15

Total loan term extended at a below market rate

 

—

​

$

—

 

12

​

$

1,828

​

​

​

​

​

​

​

​

​

​

​

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

 

1

​

$

157

 

16

​

$

2,132

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2020

​

Nine Months Ended September 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

 

  

 

​

  

 

  

 

​

  

Commercial Real Estate - Owner Occupied

​

—

​

$

—

​

1

​

$

272

Residential 1-4 Family - Commercial

 

1

​

​

652

 

1

​

​

652

Total interest only at market rate of interest

 

1

​

$

652

 

2

​

$

924

​

​

​

​

​

​

​

​

​

​

​

Term modification, at a market rate

 

  

​

 

  

 

  

​

 

  

Commercial & Industrial

 

—

​

$

—

 

3

​

$

127

Residential 1-4 Family - Commercial

 

1

​

 

299

 

1

​

 

299

Residential 1-4 Family - Consumer

 

—

​

 

—

 

4

​

 

324

Consumer

 

—

​

 

—

 

1

​

 

10

Total loan term extended at a market rate

 

1

​

$

299

 

9

​

$

760

​

​

​

​

​

​

​

​

​

​

​

Term modification, below market rate

 

  

​

 

  

 

  

​

 

  

Construction and Land Development

​

—

​

$

—

​

1

​

$

34

Commercial & Industrial

 

1

​

 

143

 

2

​

 

358

Residential 1-4 Family - Commercial

 

1

​

 

290

 

1

​

 

290

Residential 1-4 Family - Consumer

 

4

​

 

423

 

17

​

 

2,387

Residential 1-4 Family - Revolving

​

—

​

​

—

​

1

​

​

52

Total loan term extended at a below market rate

 

6

​

$

856

 

22

​

$

3,121

​

​

​

​

​

​

​

​

​

​

​

Interest rate modification, below market rate

 

  

​

 

  

 

  

​

 

  

Total interest only at below market rate of interest

 

—

​

$

—

 

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

Total

 

8

​

$

1,807

 

33

​

$

4,805

Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2021

​

Nine Months Ended September 30, 2021

​

​

Commercial

​

Consumer

​

Total

    

Commercial

​

Consumer

​

Total

Balance at beginning of period

​

$

89,837

​

$

28,424

​

$

118,261

​

$

117,403

​

$

43,137

​

$

160,540

Loans charged-off

​

 

(967)

​

 

(1,299)

​

 

(2,266)

 

 

(3,832)

​

 

(4,020)

​

 

(7,852)

Recoveries credited to allowance

​

 

1,281

​

 

872

​

 

2,153

​

 

3,929

​

 

2,569

​

 

6,498

Provision charged to operations

​

 

(15,173)

​

 

(1,177)

​

 

(16,350)

 

 

(42,522)

​

 

(14,866)

​

 

(57,388)

Balance at end of period

​

$

74,978

​

$

26,820

​

$

101,798

 

$

74,978

​

$

26,820

​

$

101,798

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2020

​

Nine Months Ended September 30, 2020

​

​

Commercial

​

Consumer

​

Total

    

Commercial

​

Consumer

​

Total

Balance at beginning of period

​

$

111,954

​

$

58,023

​

$

169,977

 

$

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

​

 

(995)

​

 

(1,983)

​

 

(2,978)

 

 

(5,553)

​

 

(9,253)

​

 

(14,806)

Recoveries credited to allowance

​

 

718

​

 

848

​

 

1,566

 

 

2,580

​

 

2,557

​

 

5,137

Provision charged to operations

​

 

14,978

​

 

(9,421)

​

 

5,557

 

 

92,503

​

 

1,510

​

 

94,013

Balance at end of period

​

$

126,655

​

$

47,467

​

$

174,122

​

$

126,655

​

$

47,467

​

$

174,122

Commercial Portfolio  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Receivables Related Risk Rating

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 September 30, 2021 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2021

​

​

​

Term Loans Amortized Cost Basis by Origination Year

​

​

​

​

​

​

​

​

2021

​

2020

​

2019

​

2018

​

2017

​

Prior

​

Revolving Loans

​

Total

Construction and Land Development

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

305,044

​

$

265,805

​

$

107,223

​

$

46,770

​

$

17,980

​

$

50,365

​

$

23,429

​

$

816,616

Watch

​

​

545

​

​

657

​

​

24,401

​

​

538

​

​

335

​

​

6,255

​

​

—

​

​

32,731

Special Mention

​

​

2,742

​

​

1

​

​

181

​

​

—

​

​

—

​

​

303

​

​

—

​

​

3,227

Substandard

​

​

—

​

​

—

​

​

263

​

​

18,901

​

​

199

​

​

5,414

​

​

—

​

​

24,777

Total Construction and Land Development

​

$

308,331

​

$

266,463

​

$

132,068

​

$

66,209

​

$

18,514

​

$

62,337

​

$

23,429

​

$

877,351

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial Real Estate - Owner Occupied

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

161,174

​

$

286,458

​

$

310,041

​

$

266,173

​

$

202,234

​

$

588,315

​

$

19,484

​

$

1,833,879

Watch

​

​

187

​

​

25

​

​

11,745

​

​

16,141

​

​

17,279

​

​

48,534

​

​

903

​

​

94,814

Special Mention

​

​

201

​

​

945

​

​

24,706

​

​

1,486

​

​

1,112

​

​

30,264

​

​

1,001

​

​

59,715

Substandard

​

​

—

​

​

—

​

​

12,155

​

​

1,696

​

​

1,953

​

​

22,378

​

​

709

​

​

38,891

Total Commercial Real Estate - Owner Occupied

​

$

161,562

​

$

287,428

​

$

358,647

​

$

285,496

​

$

222,578

​

$

689,491

​

$

22,097

​

$

2,027,299

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial Real Estate - Non-Owner Occupied

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

360,208

​

$

439,673

​

$

531,065

​

$

370,114

​

$

391,043

​

$

1,161,218

​

$

56,566

​

$

3,309,887

Watch

​

​

14,549

​

​

8,528

​

​

29,797

​

​

53,599

​

​

11,463

​

​

76,680

​

​

16

​

​

194,632

Special Mention

​

​

—

​

​

10,649

​

​

29,923

​

​

31,347

​

​

14,062

​

​

30,133

​

​

—

​

​

116,114

Substandard

​

​

—

​

​

—

​

​

41,595

​

​

21,279

​

​

12,557

​

​

34,354

​

​

302

​

​

110,087

Total Commercial Real Estate - Non-Owner Occupied

​

$

374,757

​

$

458,850

​

$

632,380

​

$

476,339

​

$

429,125

​

$

1,302,385

​

$

56,884

​

$

3,730,720

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial & Industrial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

725,216

​

$

534,948

​

$

302,159

​

$

147,127

​

$

42,624

​

$

168,224

​

$

577,089

​

$

2,497,387

Watch

​

​

173

​

​

3,808

​

​

2,526

​

​

21,778

​

​

4,571

​

​

4,855

​

​

14,322

​

​

52,033

Special Mention

​

​

221

​

​

1,343

​

​

8,417

​

​

1,924

​

​

906

​

​

659

​

​

2,135

​

​

15,605

Substandard

​

​

397

​

​

580

​

​

4,375

​

​

1,381

​

​

247

​

​

2,515

​

​

5,670

​

​

15,165

Total Commercial & Industrial

​

$

726,007

​

$

540,679

​

$

317,477

​

$

172,210

​

$

48,348

​

$

176,253

​

$

599,216

​

$

2,580,190

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multifamily Real Estate

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

41,843

​

$

163,955

​

$

89,602

​

$

136,569

​

$

79,594

​

$

250,115

​

$

1,597

​

$

763,275

Watch

​

​

—

​

​

—

​

​

4,336

​

​

463

​

​

—

​

​

532

​

​

—

​

​

5,331

Special Mention

​

​

—

​

​

2,261

​

​

629

​

​

4,544

​

​

—

​

​

92

​

​

42

​

​

7,568

Substandard

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

113

​

​

—

​

​

113

Total Multifamily Real Estate

​

$

41,843

​

$

166,216

​

$

94,567

​

$

141,576

​

$

79,594

​

$

250,852

​

$

1,639

​

$

776,287

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential 1-4 Family - Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

85,081

​

$

96,580

​

$

68,972

​

$

50,528

​

$

61,335

​

$

215,176

​

$

917

​

$

578,589

Watch

​

​

—

​

​

2,047

​

​

6,727

​

​

7,494

​

​

3,708

​

​

8,772

​

​

314

​

​

29,062

Special Mention

​

​

160

​

​

97

​

​

—

​

​

455

​

​

409

​

​

4,957

​

​

—

​

​

6,078

Substandard

​

​

95

​

​

—

​

​

3,467

​

​

896

​

​

1,341

​

​

4,520

​

​

299

​

​

10,618

Total Residential 1-4 Family - Commercial

​

$

85,336

​

$

98,724

​

$

79,166

​

$

59,373

​

$

66,793

​

$

233,425

​

$

1,530

​

$

624,347

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

145,656

​

$

173,414

​

$

105,143

​

$

5,995

​

$

26,284

​

$

50,631

​

$

13,425

​

$

520,548

Watch

​

​

—

​

​

—

​

​

—

​

​

589

​

​

1,259

​

​

4,563

​

​

—

​

​

6,411

Special Mention

​

​

—

​

​

—

​

​

—

​

​

—

​

​

3

​

​

203

​

​

7,730

​

​

7,936

Substandard

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

248

​

​

—

​

​

248

Total Other Commercial

​

$

145,656

​

$

173,414

​

$

105,143

​

$

6,584

​

$

27,546

​

$

55,645

​

$

21,155

​

$

535,143

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

1,824,222

​

$

1,960,833

​

$

1,514,205

​

$

1,023,276

​

$

821,094

​

$

2,484,044

​

$

692,507

​

$

10,320,181

Watch

​

​

15,454

​

​

15,065

​

​

79,532

​

​

100,602

​

​

38,615

​

​

150,191

​

​

15,555

​

​

415,014

Special Mention

​

​

3,324

​

​

15,296

​

​

63,856

​

​

39,756

​

​

16,492

​

​

66,611

​

​

10,908

​

​

216,243

Substandard

​

​

492

​

​

580

​

​

61,855

​

​

44,153

​

​

16,297

​

​

69,542

​

​

6,980

​

​

199,899

Total Commercial

​

$

1,843,492

​

$

1,991,774

​

$

1,719,448

​

$

1,207,787

​

$

892,498

​

$

2,770,388

​

$

725,950

​

$

11,151,337

​

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

​

​

​

​

​

​

​

​

​

​

​

​

â