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Loans and Leases | 12 Months Ended
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Dec. 31, 2020
Loans and Leases Receivable Disclosure [Abstract] |
Loans and Leases | LOANS AND LEASES BancShares’ accounting methods for loans and leases depends whether they are originated or purchased, and if purchased, whether or not the loans reflect more than insignificant credit deterioration since origination, which is determined as of the acquisition date. Non-PCD loans consist of loans originated by BancShares and loans purchased from other institutions that do not reflect more than insignificant credit deterioration at acquisition and are reported by loan segments as defined in Note A, Accounting Policies and Basis of Presentation. Purchased loans which reflect more than insignificant credit deterioration are classified as PCD and reported as a single loan segment or class. At the date of acquisition, all acquired loans are recorded at fair value. Loans and leases outstanding include the following at December 31, 2020 and 2019:
(Dollars in thousands) | December 31, 2020 |  |
Commercial: |  |  |
Construction and land development | $ | 985,424 |  |  |
Owner occupied commercial mortgage | 11,165,012 |  |  |
Non-owner occupied commercial mortgage | 2,987,689 |  |  |
Commercial and industrial and leases | 5,013,644 |  |  |
SBA-PPP | 2,406,291 |  |  |
Total commercial loans | 22,558,060 |  |  |
Consumer: |  |  |
Residential mortgage | 5,561,686 |  |  |
Revolving mortgage | 2,052,854 |  |  |
Construction and land development | 348,123 |  |  |
Consumer auto | 1,255,402 |  |  |
Consumer other | 552,968 |  |  |
Total consumer loans | 9,771,033 |  |  |
Total non-PCD loans and leases | 32,329,093 |  |  |
PCD loans | 462,882 |  |  |
Total loans and leases | $ | 32,791,975 |  |  |
(Dollars in thousands) |  |  | December 31, 2019
Commercial: |  |  |
Construction and land development |  |  | $ | 1,013,454 |
Commercial mortgage |  |  | 12,282,635 |
Other commercial real estate |  |  | 542,028 |
Commercial and industrial and leases |  |  | 4,403,792 |
Other |  |  | 310,093 |
Total commercial loans |  |  | 18,552,002 |
Noncommercial: |  |  |
Residential mortgage |  |  | 5,293,917 |
Revolving mortgage |  |  | 2,339,072 |
Construction and land development |  |  | 357,385 |
Consumer |  |  | 1,780,404 |
Total noncommercial loans |  |  | 9,770,778 |
Total non-PCI loans and leases |  |  | 28,322,780 |
PCI loans |  |  | 558,716 |
Total loans and leases |  |  | $ | 28,881,496 |
Certain residential real estate loans are originated to be sold to investors and are recorded in loans held for sale at fair value. Loans held for sale totaled $124.8 million and $67.9 million at December 31, 2020 and 2019, respectively. We may change our strategy for certain portfolio loans and sell them in the secondary market. At such time, portfolio loans are transferred to loans held for sale at fair value. During 2020, total proceeds from sales of residential mortgage loans were $1.05 billion, the majority of which were originated to be sold. An additional $7.6 million related to sales of portfolio loans, which were sold at par. During 2019, total proceeds from sales of residential mortgage loans were $756.0 million, of which $731.8 million related to sales of loans held for sale. The remaining $24.2 million related to sales of portfolio loans, which resulted in a gain of $0.3 million. Net deferred fees on originated non-PCD loans and leases, including unearned income as well as unamortized costs, were $50.2 million and $0.9 million at December 31, 2020 and 2019, respectively. Of the amount outstanding as of December 31, 2020, $41.1 million relates to net deferred fees and costs on SBA-PPP loans. The unamortized discounts related to purchased non-PCD loans was $19.5 million at December 31, 2020 and $30.9 million at December 31, 2019. The net unamortized discount related to PCD loans and leases was $45.3 million at December 31, 2020 and $88.2 million at December 31, 2019. Loans and leases to borrowers in medical, dental or related fields were $5.54 billion as of December 31, 2020, which represented 16.9% of total loans and leases, compared to $5.16 billion or 17.9% of total loans and leases at December 31, 2019. The credit risk of this industry concentration is mitigated through our underwriting policies, which emphasize reliance on adequate borrower cash flow, rather than underlying collateral value, and our preference for financing secured by owner-occupied real property. Except for this single concentration, no other industry represented more than 10% of total loans and leases outstanding at December 31, 2020. The aging of the outstanding loans and leases, by class, at December 31, 2020 and December 31, 2019 is provided in the tables below. Loans and leases 30 days or less past due are considered current, as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.
| December 31, 2020
(Dollars in thousands) | 30-59 days past due |  | 60-89 days past due |  | 90 days or greater |  | Total past due |  | Current |  | Total loans and leases
Commercial: |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | 956 |  |  | $ | 527 |  |  | $ | 1,603 |  |  | $ | 3,086 |  |  | $ | 982,338 |  |  | $ | 985,424 |
Owner occupied commercial mortgage | 8,757 |  |  | 2,232 |  |  | 14,082 |  |  | 25,071 |  |  | 11,139,941 |  |  | 11,165,012 |
Non-owner occupied commercial mortgage | 12,370 |  |  | — |  |  | 5,973 |  |  | 18,343 |  |  | 2,969,346 |  |  | 2,987,689 |
Commercial and industrial and leases | 14,532 |  |  | 2,842 |  |  | 3,243 |  |  | 20,617 |  |  | 4,993,027 |  |  | 5,013,644 |
SBA-PPP | — |  |  | — |  |  | — |  |  | — |  |  | 2,406,291 |  |  | 2,406,291 |
Total commercial loans | 36,615 |  |  | 5,601 |  |  | 24,901 |  |  | 67,117 |  |  | 22,490,943 |  |  | 22,558,060 |
Consumer: |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 43,218 |  |  | 8,364 |  |  | 31,690 |  |  | 83,272 |  |  | 5,478,414 |  |  | 5,561,686 |
Revolving mortgage | 11,977 |  |  | 2,626 |  |  | 7,415 |  |  | 22,018 |  |  | 2,030,836 |  |  | 2,052,854 |
Construction and land development | 932 |  |  | 77 |  |  | 330 |  |  | 1,339 |  |  | 346,784 |  |  | 348,123 |
Consumer auto | 6,825 |  |  | 1,835 |  |  | 1,076 |  |  | 9,736 |  |  | 1,245,666 |  |  | 1,255,402 |
Consumer other | 3,610 |  |  | 1,464 |  |  | 1,505 |  |  | 6,579 |  |  | 546,389 |  |  | 552,968 |
Total consumer loans | 66,562 |  |  | 14,366 |  |  | 42,016 |  |  | 122,944 |  |  | 9,648,089 |  |  | 9,771,033 |
PCD loans | 18,322 |  |  | 6,076 |  |  | 31,026 |  |  | 55,424 |  |  | 407,458 |  |  | 462,882 |
Total loans and leases | $ | 121,499 |  |  | $ | 26,043 |  |  | $ | 97,943 |  |  | $ | 245,485 |  |  | $ | 32,546,490 |  |  | $ | 32,791,975 |
| December 31, 2019
(Dollars in thousands) | 30-59 days past due |  | 60-89 days past due |  | 90 days or greater |  | Total past due |  | Current |  | Total loans and leases
Commercial: |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | 3,146 |  |  | $ | 195 |  |  | $ | 2,702 |  |  | $ | 6,043 |  |  | $ | 1,007,411 |  |  | $ | 1,013,454 |
Commercial mortgage | 20,389 |  |  | 8,774 |  |  | 8,319 |  |  | 37,482 |  |  | 12,245,153 |  |  | 12,282,635 |
Other commercial real estate | 861 |  |  | 331 |  |  | 698 |  |  | 1,890 |  |  | 540,138 |  |  | 542,028 |
Commercial and industrial and leases | 18,269 |  |  | 4,842 |  |  | 5,032 |  |  | 28,143 |  |  | 4,375,649 |  |  | 4,403,792 |
Other | 51 |  |  | 411 |  |  | 126 |  |  | 588 |  |  | 309,505 |  |  | 310,093 |
Total commercial loans | 42,716 |  |  | 14,553 |  |  | 16,877 |  |  | 74,146 |  |  | 18,477,856 |  |  | 18,552,002 |
Noncommercial: |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 45,839 |  |  | 18,289 |  |  | 24,409 |  |  | 88,537 |  |  | 5,205,380 |  |  | 5,293,917 |
Revolving mortgage | 9,729 |  |  | 3,468 |  |  | 9,865 |  |  | 23,062 |  |  | 2,316,010 |  |  | 2,339,072 |
Construction and land development | 977 |  |  | 218 |  |  | 1,797 |  |  | 2,992 |  |  | 354,393 |  |  | 357,385 |
Consumer | 10,481 |  |  | 3,746 |  |  | 3,571 |  |  | 17,798 |  |  | 1,762,606 |  |  | 1,780,404 |
Total noncommercial loans | 67,026 |  |  | 25,721 |  |  | 39,642 |  |  | 132,389 |  |  | 9,638,389 |  |  | 9,770,778 |
PCI loans | 26,478 |  |  | 10,784 |  |  | 28,973 |  |  | 66,235 |  |  | 492,481 |  |  | 558,716 |
Total loans and leases | $ | 136,220 |  |  | $ | 51,058 |  |  | $ | 85,492 |  |  | $ | 272,770 |  |  | $ | 28,608,726 |  |  | $ | 28,881,496 |
The amortized cost, by class, of loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at December 31, 2020 and December 31, 2019, were as follows:
| January 1, 2020(1) |  | December 31, 2020 |  |  |  |  |
(Dollars in thousands) | Nonaccrual loans and leases |  | Nonaccrual loans and leases |  | Loans and leases > 90 days and accruing |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | 4,281 |  |  | $ | 1,661 |  |  | $ | — |  |  |  |  |  |  |  |
Owner occupied commercial mortgage | 24,476 |  |  | 23,103 |  |  | 3,625 |  |  |  |  |  |  |  |
Non-owner occupied commercial mortgage | 5,965 |  |  | 7,932 |  |  | 147 |  |  |  |  |  |  |  |
Commercial and industrial and leases | 7,685 |  |  | 10,626 |  |  | 540 |  |  |  |  |  |  |  |
Total commercial loans | 42,407 |  |  | 43,322 |  |  | 4,312 |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 44,357 |  |  | 66,345 |  |  | — |  |  |  |  |  |  |  |
Revolving mortgage | 22,411 |  |  | 22,236 |  |  | — |  |  |  |  |  |  |  |
Construction and land development | 2,828 |  |  | 652 |  |  | — |  |  |  |  |  |  |  |
Consumer auto | 2,145 |  |  | 3,166 |  |  | — |  |  |  |  |  |  |  |
Consumer other | 798 |  |  | 823 |  |  | 1,195 |  |  |  |  |  |  |  |
Total consumer loans | 72,539 |  |  | 93,222 |  |  | 1,195 |  |  |  |  |  |  |  |
PCD loans | 53,771 |  |  | 54,939 |  |  | 355 |  |  |  |  |  |  |  |
Total loans and leases | $ | 168,717 |  |  | $ | 191,483 |  |  | $ | 5,862 |  |  |  |  |  |  |  |
(1)Upon the adoption of ASC 326, BancShares eliminated the pooling of PCI loans and as a result $47.0 million in additional PCD loans were recognized as nonaccrual loans at January 1, 2020. As of December 31, 2020, $24.9 million of these loans remained outstanding. |  |
|  |  | December 31, 2019
(Dollars in thousands) |  |  |  |  | Nonaccrual loans and leases |  | Loans and leases > 90 days and accruing
Commercial: |  |  |  |  |  |  |
Construction and land development |  |  |  |  | $ | 4,281 |  |  | $ | — |
Commercial mortgage |  |  |  |  | 29,733 |  |  | — |
Commercial and industrial and leases |  |  |  |  | 7,365 |  |  | 1,094 |
Other commercial real estate |  |  |  |  | 708 |  |  | — |
Other |  |  |  |  | 320 |  |  | — |
Total commercial loans |  |  |  |  | 42,407 |  |  | 1,094 |
Consumer: |  |  |  |  |  |  |
Construction and land development |  |  |  |  | 2,828 |  |  | — |
Residential mortgage |  |  |  |  | 44,357 |  |  | 45 |
Revolving mortgage |  |  |  |  | 22,411 |  |  | — |
Consumer |  |  |  |  | 2,943 |  |  | 2,152 |
Total noncommercial loans |  |  |  |  | 72,539 |  |  | 2,197 |
Total non-PCI loans and leases |  |  |  |  | $ | 114,946 |  |  | $ | 3,291 |
Credit quality indicators Loans and leases are monitored for credit quality on a recurring basis. Commercial and noncommercial loans and leases have different credit quality indicators as a result of the unique characteristics of the loan segments being evaluated. The credit quality indicators for non-PCD commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Commercial loans are evaluated periodically with more frequent evaluations done on criticized loans. The indicators as of the date presented are based on the most recent assessment performed and are defined below: Pass – A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification. Special mention – A special mention asset has potential weaknesses which deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification. Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values. Loss – Assets classified as loss are considered uncollectible and of such little value it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to any potential for recovery or salvage value, but rather it is not appropriate to defer a full charge-off even though partial recovery may be affected in the future. Ungraded – Ungraded loans represent loans not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of ungraded loans at December 31, 2020 and 2019, relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The remaining balance is comprised of a small amount of commercial mortgage, lease financing and other commercial real estate loans. The credit quality indicators for consumer and PCD loans are based on delinquency status of the borrower as of the date presented. As the borrower becomes more delinquent, the likelihood of loss increases. The following tables represent current credit quality indicators by origination year as of December 31, 2020.
| Commercial Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
Classification: | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving |  | Revolving converted to term loans |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 342,183 |  |  | $ | 341,233 |  |  | $ | 190,429 |  |  | $ | 50,776 |  |  | $ | 23,969 |  |  | $ | 11,306 |  |  | $ | 10,969 |  |  | $ | — |  |  | $ | 970,865 |
Special Mention | 246 |  |  | — |  |  | 6,421 |  |  | 5,342 |  |  | — |  |  | — |  |  | 153 |  |  | — |  |  | 12,162 |
Substandard | 229 |  |  | 629 |  |  | 1,450 |  |  | — |  |  | 8 |  |  | 81 |  |  | — |  |  | — |  |  | 2,397 |
Total | 342,658 |  |  | 341,862 |  |  | 198,300 |  |  | 56,118 |  |  | 23,977 |  |  | 11,387 |  |  | 11,122 |  |  | — |  |  | 985,424 |
Owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 3,183,467 |  |  | 2,201,165 |  |  | 1,625,141 |  |  | 1,301,412 |  |  | 1,049,858 |  |  | 1,454,020 |  |  | 101,556 |  |  | 133 |  |  | 10,916,752 |
Special Mention | 6,274 |  |  | 20,702 |  |  | 36,739 |  |  | 12,387 |  |  | 17,699 |  |  | 25,693 |  |  | 5,115 |  |  | 72 |  |  | 124,681 |
Substandard | 10,280 |  |  | 19,052 |  |  | 9,842 |  |  | 20,928 |  |  | 13,736 |  |  | 41,303 |  |  | 8,438 |  |  | — |  |  | 123,579 |
Total | 3,200,021 |  |  | 2,240,919 |  |  | 1,671,722 |  |  | 1,334,727 |  |  | 1,081,293 |  |  | 1,521,016 |  |  | 115,109 |  |  | 205 |  |  | 11,165,012 |
Non-owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 865,514 |  |  | 609,975 |  |  | 378,136 |  |  | 331,800 |  |  | 282,810 |  |  | 391,517 |  |  | 32,149 |  |  | — |  |  | 2,891,901 |
Special Mention | 569 |  |  | 905 |  |  | 10,794 |  |  | 1,808 |  |  | 5,121 |  |  | 3,279 |  |  | 483 |  |  | — |  |  | 22,959 |
Substandard | 2,899 |  |  | 18,546 |  |  | 12,296 |  |  | 8,764 |  |  | 14,087 |  |  | 15,427 |  |  | 810 |  |  | — |  |  | 72,829 |
Total | 868,982 |  |  | 629,426 |  |  | 401,226 |  |  | 342,372 |  |  | 302,018 |  |  | 410,223 |  |  | 33,442 |  |  | — |  |  | 2,987,689 |
Commercial and industrial and leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,620,622 |  |  | 983,852 |  |  | 504,463 |  |  | 310,468 |  |  | 234,735 |  |  | 286,996 |  |  | 899,978 |  |  | 5,520 |  |  | 4,846,634 |
Special Mention | 3,146 |  |  | 17,065 |  |  | 7,265 |  |  | 5,393 |  |  | 3,307 |  |  | 4,912 |  |  | 9,152 |  |  | 189 |  |  | 50,429 |
Substandard | 17,811 |  |  | 4,095 |  |  | 4,370 |  |  | 4,257 |  |  | 2,548 |  |  | 3,801 |  |  | 22,384 |  |  | 983 |  |  | 60,249 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 56,332 |  |  | — |  |  | 56,332 |
Total | 1,641,579 |  |  | 1,005,012 |  |  | 516,098 |  |  | 320,118 |  |  | 240,590 |  |  | 295,709 |  |  | 987,846 |  |  | 6,692 |  |  | 5,013,644 |
SBA-PPP |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 2,406,291 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,406,291 |
Total commercial | $ | 8,459,531 |  |  | $ | 4,217,219 |  |  | $ | 2,787,346 |  |  | $ | 2,053,335 |  |  | $ | 1,647,878 |  |  | $ | 2,238,335 |  |  | $ | 1,147,519 |  |  | $ | 6,897 |  |  | $ | 22,558,060 |
| Consumer and PCD Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
Days Past Due: | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving |  | Revolving converted to term loans |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 1,882,683 |  |  | $ | 978,298 |  |  | $ | 655,798 |  |  | $ | 596,309 |  |  | $ | 461,719 |  |  | $ | 878,634 |  |  | $ | 24,973 |  |  | $ | — |  |  | $ | 5,478,414 |
30-59 days | 2,278 |  |  | 4,573 |  |  | 11,463 |  |  | 3,772 |  |  | 8,613 |  |  | 12,299 |  |  | 220 |  |  | — |  |  | 43,218 |
60-89 days | 30 |  |  | 100 |  |  | 1,246 |  |  | 1,449 |  |  | 834 |  |  | 4,705 |  |  | — |  |  | — |  |  | 8,364 |
90 days or greater | 282 |  |  | 4,831 |  |  | 3,150 |  |  | 4,015 |  |  | 5,689 |  |  | 13,723 |  |  | — |  |  | — |  |  | 31,690 |
Total | 1,885,273 |  |  | 987,802 |  |  | 671,657 |  |  | 605,545 |  |  | 476,855 |  |  | 909,361 |  |  | 25,193 |  |  | — |  |  | 5,561,686 |
Revolving mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,879,968 |  |  | 150,868 |  |  | 2,030,836 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,241 |  |  | 3,736 |  |  | 11,977 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 527 |  |  | 2,099 |  |  | 2,626 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,301 |  |  | 5,114 |  |  | 7,415 |
Total | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,891,037 |  |  | 161,817 |  |  | 2,052,854 |
Construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 215,112 |  |  | 85,707 |  |  | 24,860 |  |  | 10,269 |  |  | 6,093 |  |  | 2,218 |  |  | 2,525 |  |  | — |  |  | 346,784 |
30-59 days | — |  |  | 420 |  |  | 121 |  |  | 370 |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | 932 |
60-89 days | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 68 |  |  | — |  |  | — |  |  | 77 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 330 |  |  | — |  |  | — |  |  | 330 |
Total | 215,112 |  |  | 86,127 |  |  | 24,981 |  |  | 10,648 |  |  | 6,093 |  |  | 2,637 |  |  | 2,525 |  |  | — |  |  | 348,123 |
Consumer auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 521,719 |  |  | 340,594 |  |  | 219,597 |  |  | 104,280 |  |  | 49,872 |  |  | 9,604 |  |  | — |  |  | — |  |  | 1,245,666 |
30-59 days | 2,175 |  |  | 1,873 |  |  | 1,257 |  |  | 842 |  |  | 544 |  |  | 134 |  |  | — |  |  | — |  |  | 6,825 |
60-89 days | 329 |  |  | 689 |  |  | 312 |  |  | 351 |  |  | 109 |  |  | 45 |  |  | — |  |  | — |  |  | 1,835 |
90 days or greater | 170 |  |  | 527 |  |  | 217 |  |  | 57 |  |  | 102 |  |  | 3 |  |  | — |  |  | — |  |  | 1,076 |
Total | 524,393 |  |  | 343,683 |  |  | 221,383 |  |  | 105,530 |  |  | 50,627 |  |  | 9,786 |  |  | — |  |  | — |  |  | 1,255,402 |
Consumer other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 53,842 |  |  | 27,117 |  |  | 10,911 |  |  | 7,159 |  |  | 2,980 |  |  | 29,336 |  |  | 415,044 |  |  | — |  |  | 546,389 |
30-59 days | 322 |  |  | 114 |  |  | 77 |  |  | 18 |  |  | 11 |  |  | 7 |  |  | 3,061 |  |  | — |  |  | 3,610 |
60-89 days | 102 |  |  | 20 |  |  | 13 |  |  | 18 |  |  | 3 |  |  | 23 |  |  | 1,285 |  |  | — |  |  | 1,464 |
90 days or greater | 53 |  |  | 84 |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 1,360 |  |  | — |  |  | 1,505 |
Total | 54,319 |  |  | 27,335 |  |  | 11,009 |  |  | 7,195 |  |  | 2,994 |  |  | 29,366 |  |  | 420,750 |  |  | — |  |  | 552,968 |
Total consumer | 2,679,097 |  |  | 1,444,947 |  |  | 929,030 |  |  | 728,918 |  |  | 536,569 |  |  | 951,150 |  |  | 2,339,505 |  |  | 161,817 |  |  | 9,771,033 |
PCD loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 31,475 |  |  | 25,425 |  |  | 27,183 |  |  | 27,955 |  |  | 28,995 |  |  | 232,186 |  |  | 13,212 |  |  | 21,027 |  |  | 407,458 |
30-59 days | 999 |  |  | 925 |  |  | 801 |  |  | 718 |  |  | 1,341 |  |  | 12,637 |  |  | 156 |  |  | 745 |  |  | 18,322 |
60-89 days | 447 |  |  | 81 |  |  | 312 |  |  | 695 |  |  | 97 |  |  | 4,098 |  |  | 9 |  |  | 337 |  |  | 6,076 |
90 days or greater | 721 |  |  | 2,325 |  |  | 4,755 |  |  | 1,208 |  |  | 897 |  |  | 19,963 |  |  | 111 |  |  | 1,046 |  |  | 31,026 |
Total PCD | 33,642 |  |  | 28,756 |  |  | 33,051 |  |  | 30,576 |  |  | 31,330 |  |  | 268,884 |  |  | 13,488 |  |  | 23,155 |  |  | 462,882 |
Total loans and leases | $ | 11,172,270 |  |  | $ | 5,690,922 |  |  | $ | 3,749,427 |  |  | $ | 2,812,829 |  |  | $ | 2,215,777 |  |  | $ | 3,458,369 |  |  | $ | 3,500,512 |  |  | $ | 191,869 |  |  | $ | 32,791,975 |
Loans and leases outstanding at December 31, 2019 by credit quality indicator are provided below:
| December 31, 2019
| Commercial loans and leases
(Dollars in thousands) | Construction and land development |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial and leases |  | Other |  | PCI |  | Total commercial loans and leases
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,004,922 |  |  | $ | 12,050,799 |  |  | $ | 536,682 |  |  | $ | 4,256,456 |  |  | $ | 308,796 |  |  | $ | 148,412 |  |  | $ | 18,306,067 |
Special mention | 2,577 |  |  | 115,164 |  |  | 3,899 |  |  | 44,604 |  |  | 622 |  |  | 44,290 |  |  | 211,156 |
Substandard | 5,955 |  |  | 116,672 |  |  | 1,447 |  |  | 34,148 |  |  | 675 |  |  | 87,970 |  |  | 246,867 |
Doubtful | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3,657 |  |  | 3,660 |
Ungraded | — |  |  | — |  |  | — |  |  | 68,581 |  |  | — |  |  | — |  |  | 68,581 |
Total | $ | 1,013,454 |  |  | $ | 12,282,635 |  |  | $ | 542,028 |  |  | $ | 4,403,792 |  |  | $ | 310,093 |  |  | $ | 284,329 |  |  | $ | 18,836,331 |
| December 31, 2019
| Noncommercial loans and leases
(Dollars in thousands) | Residential mortgage |  | Revolving mortgage |  | Construction and land development |  | Consumer |  | PCI |  | Total noncommercial loans and leases
Days past due: |  |  |  |  |  |  |  |  |  |  |
Current | $ | 5,205,380 |  |  | $ | 2,316,010 |  |  | $ | 354,393 |  |  | $ | 1,762,606 |  |  | $ | 240,995 |  |  | $ | 9,879,384 |
30-59 days past due | 45,839 |  |  | 9,729 |  |  | 977 |  |  | 10,481 |  |  | 13,764 |  |  | 80,790 |
60-89 days past due | 18,289 |  |  | 3,468 |  |  | 218 |  |  | 3,746 |  |  | 5,608 |  |  | 31,329 |
90 days or greater past due | 24,409 |  |  | 9,865 |  |  | 1,797 |  |  | 3,571 |  |  | 14,020 |  |  | 53,662 |
Total | $ | 5,293,917 |  |  | $ | 2,339,072 |  |  | $ | 357,385 |  |  | $ | 1,780,404 |  |  | $ | 274,387 |  |  | $ | 10,045,165 |
The following table provides information regarding loans pledged as collateral for borrowing capacity through the FHLB of Atlanta and the Federal Reserve Bank (“FRB”) as of December 31, 2020 and 2019:
(Dollars in thousands) | December 31, 2020 |  | December 31, 2019
FHLB of Atlanta |  |  |
Lendable collateral value of pledged non-PCD loans | $ | 8,637,844 |  |  | $ | 6,574,636 |
Less: advances | 652,675 |  |  | 563,690 |
Available borrowing capacity | $ | 7,985,169 |  |  | $ | 6,010,946 |
Pledged non-PCD loans | $ | 12,157,153 |  |  | $ | 9,407,688 |
FRB |  |  |
Lendable collateral value of pledged non-PCD loans | $ | 3,321,762 |  |  | $ | 2,981,712 |
Less: advances | — |  |  | — |
Available borrowing capacity | $ | 3,321,762 |  |  | $ | 2,981,712 |
Pledged non-PCD loans | $ | 4,104,866 |  |  | $ | 3,684,919 |
Purchased loans and leases The following table summarizes PCD loans acquired in the Community Financial transaction and provides the contractually required payments, less the initial allowance for credit losses and discount to produce the fair value of acquired loans with evidence of more than insignificant credit quality deterioration since origination at the acquisition date:
(Dollars in thousands) | Community Financial |  |  |  |
Contractually required payments | $ | 25,635 |  |  |  |  |
Initial PCD allowance | 1,193 |  |  |  |  |
Discount | 1,055 |  |  |  |  |
Fair value at acquisition date | $ | 23,387 |  |  |  |  |
The recorded fair values of purchased non-PCD loans acquired in the Community Financial transaction as of the acquisition date are as follows:
(Dollars in thousands) | Community Financial |  |  |  |
Commercial: |  |  |  |  |
Construction and land development | $ | 9,428 |  |  |  |  |
Owner occupied commercial mortgage | 31,473 |  |  |  |  |
Non-owner occupied commercial mortgage | 25,143 |  |  |  |  |
Commercial and industrial and leases | 15,065 |  |  |  |  |
Total commercial loans | 81,109 |  |  |  |  |
Consumer: |  |  |  |  |
Residential mortgage | 21,168 |  |  |  |  |
Revolving mortgage | 2,084 |  |  |  |  |
Construction and land development | 5,254 |  |  |  |  |
Consumer auto | 294 |  |  |  |  |
Consumer other | 693 |  |  |  |  |
Total consumer loans | 29,493 |  |  |  |  |
Total non-PCD loans | $ | 110,602 |  |  |  |  |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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