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LOANS AND ALLOWANCE FOR LOAN LOSSES | 9 Months Ended
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Sep. 30, 2020
Loans and Allowance for Loan Losses [Abstract] |
LOANS AND ALLOWANCE FOR LOAN LOSSES | 4. LOANS AND ALLOWANCE FOR LOAN AND LEASE LOSSES On January 1, 2020, the Company adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the Company’s accounting policies and policy elections related to the accounting standard update refer to Note 1 “Accounting Policies” in this Quarterly Report. All loan information presented as of September 30, 2020 is in accordance with ASC 326. All loan information presented prior to January 1, 2020 is in accordance with previous applicable GAAP. During March 2020, in response to the economic fallout from the COVID-19 pandemic, the CARES Act was passed by Congress and signed into law by the President along with the March 22 Joint Guidance that provided enhanced guidelines and accounting for COVID-19 related modifications. For further discussion on the CARES Act and the March 22 Joint Guidance and related loan impact refer to Note 1 “Accounting Polices” in this Quarterly Report. The information included below reflects the impact of the CARES Act and the March 22 Joint Guidance. ​ ​ The Company’s loans are stated at their face amount, net of deferred fees and costs, and consist of the following at September 30, 2020 and December 31, 2019 (dollars in thousands): ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2020 |  | December 31, 2019
Construction and Land Development | ​ | $ | 1,207,190 | ​ | $ | 1,250,924
Commercial Real Estate - Owner Occupied | ​ |  | 2,107,333 | ​ |  | 2,041,243
Commercial Real Estate - Non-Owner Occupied | ​ |  | 3,497,929 | ​ |  | 3,286,098
Multifamily Real Estate | ​ |  | 731,582 | ​ |  | 633,743
Commercial & Industrial(1) | ​ |  | 3,536,249 | ​ |  | 2,114,033
Residential 1-4 Family - Commercial | ​ |  | 696,944 | ​ |  | 724,337
Residential 1-4 Family - Consumer | ​ |  | 830,144 | ​ |  | 890,503
Residential 1-4 Family - Revolving | ​ |  | 618,320 | ​ |  | 659,504
Auto | ​ |  | 387,417 | ​ |  | 350,419
Consumer | ​ |  | 276,023 | ​ |  | 372,853
Other Commercial(1) | ​ |  | 494,084 | ​ |  | 287,279
Total loans held for investment, net of deferred fees and costs | ​ | ​ | 14,383,215 | ​ | ​ | 12,610,936
Allowance for loan and lease losses | ​ | ​ | (174,122) | ​ | ​ | (42,294)
Total loans held for investment, net | ​ | $ | 14,209,093 | ​ | $ | 12,568,642
(1)Commercial & industrial and other commercial loans include approximately $1.6 billion and $21.3 million, respectively, in new loans from the PPP loan program at September 30, 2020. ​ The following table shows the aging of the Company’s loan portfolio, by class, at September 30, 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 | ​ | $ | 1,200,729 | ​ | $ | 2,625 | ​ | $ | 223 | ​ | $ | 93 | ​ | $ | 3,520 | ​ | $ | 1,207,190
Commercial Real Estate - Owner Occupied | ​ |  | 2,090,106 | ​ |  | 4,924 | ​ |  | 1,310 | ​ |  | 1,726 | ​ |  | 9,267 | ​ |  | 2,107,333
Commercial Real Estate - Non-Owner Occupied | ​ |  | 3,493,107 | ​ |  | 1,291 | ​ |  | 1,371 | ​ |  | 168 | ​ |  | 1,992 | ​ |  | 3,497,929
Multifamily Real Estate | ​ |  | 731,190 | ​ |  | — | ​ |  | — | ​ |  | 359 | ​ |  | 33 | ​ |  | 731,582
Commercial & Industrial | ​ |  | 3,528,283 | ​ |  | 4,322 | ​ |  | 1,448 | ​ |  | 604 | ​ |  | 1,592 | ​ |  | 3,536,249
Residential 1-4 Family - Commercial | ​ |  | 683,730 | ​ |  | 1,236 | ​ |  | 937 | ​ |  | 5,298 | ​ |  | 5,743 | ​ |  | 696,944
Residential 1-4 Family - Consumer | ​ |  | 806,055 | ​ |  | 2,998 | ​ |  | 3,976 | ​ |  | 4,495 | ​ |  | 12,620 | ​ |  | 830,144
Residential 1-4 Family - Revolving | ​ |  | 608,570 | ​ |  | 2,669 | ​ |  | 1,141 | ​ |  | 2,276 | ​ |  | 3,664 | ​ |  | 618,320
Auto | ​ |  | 384,619 | ​ |  | 1,513 | ​ |  | 453 | ​ |  | 315 | ​ |  | 517 | ​ |  | 387,417
Consumer | ​ |  | 273,829 | ​ |  | 1,020 | ​ |  | 772 | ​ |  | 327 | ​ |  | 75 | ​ |  | 276,023
Other Commercial | ​ | ​ | 493,044 | ​ | ​ | 613 | ​ | ​ | 427 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 494,084
Total loans held for investment | ​ | $ | 14,293,262 | ​ | $ | 23,211 | ​ | $ | 12,058 | ​ | $ | 15,661 | ​ | $ | 39,023 | ​ | $ | 14,383,215
​ These balances reflect the impact of the CARES Act and the March 22 Joint Guidance which provides relief for TDR designations and also provides guidance on past due reporting for modified loans. ​ 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 September 30, 2020 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nonaccrual | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 1, 2020 | ​ | September 30, 2020 | ​ | Nonaccrual With No ALLL | ​ | 90 Days and still Accruing
Construction and Land Development | ​ | $ | 4,060 | ​ | $ | 3,520 | ​ | $ | 1,985 | ​ | $ | 93
Commercial Real Estate - Owner Occupied | ​ | ​ | 13,889 | ​ | ​ | 9,267 | ​ | ​ | 1,994 | ​ | ​ | 1,726
Commercial Real Estate - Non-Owner Occupied | ​ | ​ | 1,368 | ​ | ​ | 1,992 | ​ | ​ | — | ​ | ​ | 168
Multifamily Real Estate | ​ | ​ | — | ​ | ​ | 33 | ​ | ​ | — | ​ | ​ | 359
Commercial & Industrial | ​ | ​ | 3,037 | ​ | ​ | 1,592 | ​ | ​ | — | ​ | ​ | 604
Residential 1-4 Family - Commercial | ​ | ​ | 6,492 | ​ | ​ | 5,743 | ​ | ​ | 1,738 | ​ | ​ | 5,298
Residential 1-4 Family - Consumer | ​ | ​ | 13,117 | ​ | ​ | 12,620 | ​ | ​ | 1,069 | ​ | ​ | 4,495
Residential 1-4 Family - Revolving | ​ | ​ | 2,490 | ​ | ​ | 3,664 | ​ | ​ | 60 | ​ | ​ | 2,276
Auto | ​ | ​ | 565 | ​ | ​ | 517 | ​ | ​ | — | ​ | ​ | 315
Consumer | ​ | ​ | 88 | ​ | ​ | 75 | ​ | ​ | — | ​ | ​ | 327
Other Commercial | ​ | ​ | 98 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total loans held for investment | ​ | $ | 45,204 | ​ | $ | 39,023 | ​ | $ | 6,846 | ​ | $ | 15,661
​ ​ There was no interest income recognized on nonaccrual loans during the three or nine months ended September 30, 2020. See Note 1 “Summary of Significant Accounting Policies” in the Company’s 2019 Form 10-K for additional information on the Company’s policies for nonaccrual loans. ​ ​ Troubled Debt Restructurings ​ The CARES Act permits financial institutions to suspend requirements under GAAP for loan modifications to borrowers affected by COVID-19 that would otherwise be characterized as TDRs and suspend any determination related thereto if (i) the loan modification is made between March 1, 2020 and the earlier of December 31, 2020 or 60 days after the end of the COVID-19 emergency declaration and (ii) the applicable loan was not more than 30 days past due as of December 31, 2019. In addition, federal bank regulatory authorities have issued guidance to encourage financial institutions to make loan modifications for borrowers affected by COVID-19 and have assured financial institutions that they will neither receive supervisory criticism for such prudent loan modifications, nor be required by examiners to automatically categorize COVID-19-related loan modifications as TDRs. As of September 30, 2020, the Company had approximately $769.6 million in loans still under their modified terms. The Company’s modification program primarily included payment deferrals and interest only modifications. In addition to the above mentioned modifications, as of September 30, 2020, the Company has TDRs totaling $21.6 million with an estimated $2.7 million of allowance for those loans for the current period. ​ 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 nine months ended September 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 September 30, 2020 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2020
​ |  | No. of |  | Recorded |  | Outstanding
​ | ​ | Loans | ​ | Investment | ​ | Commitment
Performing |  |  |  | ​ |  |  | ​ |
Construction and Land Development |  | 4 | ​ | $ | 219 | ​ | $ | —
Commercial Real Estate - Owner Occupied |  | 6 | ​ |  | 2,140 | ​ |  | 101
Commercial Real Estate - Non-Owner Occupied |  | 1 | ​ |  | 1,089 | ​ |  | —
Commercial & Industrial |  | 5 | ​ |  | 1,117 | ​ |  | —
Residential 1-4 Family - Commercial |  | 3 | ​ |  | 247 | ​ |  | —
Residential 1-4 Family - Consumer |  | 80 | ​ |  | 9,165 | ​ |  | —
Residential 1-4 Family - Revolving |  | 2 | ​ |  | 55 | ​ |  | —
Consumer |  | 5 | ​ |  | 31 | ​ |  | —
Other Commercial | ​ | 1 | ​ | ​ | 452 | ​ | ​ | —
Total performing |  | 107 | ​ | $ | 14,515 | ​ | $ | 101
Nonperforming |  |  | ​ |  |  | ​ |  |
Commercial Real Estate - Owner Occupied |  | 2 | ​ | $ | 293 | ​ | $ | —
Commercial Real Estate - Non-Owner Occupied | ​ | 1 | ​ | ​ | 137 | ​ | ​ | —
Commercial & Industrial |  | 3 | ​ |  | 261 | ​ |  | —
Residential 1-4 Family - Commercial |  | 4 | ​ |  | 1,313 | ​ |  | —
Residential 1-4 Family - Consumer |  | 23 | ​ |  | 4,937 | ​ |  | —
Residential 1-4 Family - Revolving |  | 3 | ​ |  | 104 | ​ |  | —
Total nonperforming |  | 36 | ​ | $ | 7,045 | ​ | $ | —
Total performing and nonperforming |  | 143 | ​ | $ | 21,560 | ​ | $ | 101
​ ​ 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 nine months ended September 30, 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 nine months ended September 30, 2020 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | All Restructurings
​ | ​ | 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 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. Within each segment, loan classes are further identified based on similar risk characteristics. The Company has identified the following classes within each 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 segment for the three and nine months ended September 30, 2020 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
​ |  | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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
Credit Quality Indicators ​ Credit quality indicators are utilized to help estimate the collectability of each loan class within the Commercial and Consumer 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 & Special Mention 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;
| ● | 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 September 30, 2020 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | September 30, 2020
​ | ​ | ​ | Term Loans Amortized Cost Basis by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​ | 2019 | ​ | 2018 | ​ | 2017 | ​ | 2016 | ​ | Prior | ​ | Revolving Loans | ​ | Total
Construction and Land Development | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 236,949 | ​ | $ | 346,840 | ​ | $ | 304,768 | ​ | $ | 41,015 | ​ | $ | 42,268 | ​ | $ | 63,632 | ​ | $ | 29,674 | ​ | $ | 1,065,146
Watch & Special Mention | ​ | ​ | 2,268 | ​ | ​ | 67,572 | ​ | ​ | 40,714 | ​ | ​ | 347 | ​ | ​ | 5,863 | ​ | ​ | 16,549 | ​ | ​ | 1,645 | ​ | ​ | 134,958
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 368 | ​ | ​ | 710 | ​ | ​ | 2,040 | ​ | ​ | 3,968 | ​ | ​ | — | ​ | ​ | 7,086
Total Construction and Land Development | ​ | $ | 239,217 | ​ | $ | 414,412 | ​ | $ | 345,850 | ​ | $ | 42,072 | ​ | $ | 50,171 | ​ | $ | 84,149 | ​ | $ | 31,319 | ​ | $ | 1,207,190
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial Real Estate - Owner Occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 226,090 | ​ | $ | 369,661 | ​ | $ | 304,296 | ​ | $ | 243,299 | ​ | $ | 143,786 | ​ | $ | 616,113 | ​ | $ | 23,577 | ​ | $ | 1,926,822
Watch & Special Mention | ​ | ​ | 2,002 | ​ | ​ | 17,684 | ​ | ​ | 23,479 | ​ | ​ | 17,770 | ​ | ​ | 31,406 | ​ | ​ | 64,728 | ​ | ​ | 2,599 | ​ | ​ | 159,668
Substandard | ​ | ​ | — | ​ | ​ | 118 | ​ | ​ | 1,099 | ​ | ​ | 1,113 | ​ | ​ | 1,039 | ​ | ​ | 17,175 | ​ | ​ | 299 | ​ | ​ | 20,843
Total Commercial Real Estate - Owner Occupied | ​ | $ | 228,092 | ​ | $ | 387,463 | ​ | $ | 328,874 | ​ | $ | 262,182 | ​ | $ | 176,231 | ​ | $ | 698,016 | ​ | $ | 26,475 | ​ | $ | 2,107,333
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial Real Estate - Non-Owner Occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 275,008 | ​ | $ | 439,081 | ​ | $ | 401,551 | ​ | $ | 442,151 | ​ | $ | 356,256 | ​ | $ | 862,293 | ​ | $ | 24,467 | ​ | $ | 2,800,807
Watch & Special Mention | ​ | ​ | 27,599 | ​ | ​ | 104,352 | ​ | ​ | 97,973 | ​ | ​ | 71,618 | ​ | ​ | 107,934 | ​ | ​ | 259,591 | ​ | ​ | 18,318 | ​ | ​ | 687,385
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,464 | ​ | ​ | — | ​ | ​ | 25 | ​ | ​ | 3,248 | ​ | ​ | — | ​ | ​ | 9,737
Total Commercial Real Estate - Non-Owner Occupied | ​ | $ | 302,607 | ​ | $ | 543,433 | ​ | $ | 505,988 | ​ | $ | 513,769 | ​ | $ | 464,215 | ​ | $ | 1,125,132 | ​ | $ | 42,785 | ​ | $ | 3,497,929
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial & Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 1,979,209 | ​ | $ | 401,385 | ​ | $ | 221,417 | ​ | $ | 79,734 | ​ | $ | 76,145 | ​ | $ | 149,692 | ​ | $ | 524,960 | ​ | $ | 3,432,542
Watch & Special Mention | ​ | ​ | 5,081 | ​ | ​ | 29,405 | ​ | ​ | 16,889 | ​ | ​ | 4,163 | ​ | ​ | 5,170 | ​ | ​ | 6,443 | ​ | ​ | 28,156 | ​ | ​ | 95,307
Substandard | ​ | ​ | 37 | ​ | ​ | 928 | ​ | ​ | 396 | ​ | ​ | 129 | ​ | ​ | 623 | ​ | ​ | 2,710 | ​ | ​ | 3,577 | ​ | ​ | 8,400
Total Commercial & Industrial | ​ | $ | 1,984,327 | ​ | $ | 431,718 | ​ | $ | 238,702 | ​ | $ | 84,026 | ​ | $ | 81,938 | ​ | $ | 158,845 | ​ | $ | 556,693 | ​ | $ | 3,536,249
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Multifamily Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 131,434 | ​ | $ | 80,234 | ​ | $ | 69,881 | ​ | $ | 120,758 | ​ | $ | 70,127 | ​ | $ | 239,525 | ​ | $ | 2,499 | ​ | $ | 714,458
Watch & Special Mention | ​ | ​ | 2,283 | ​ | ​ | 1,018 | ​ | ​ | 4,894 | ​ | ​ | 2,490 | ​ | ​ | 621 | ​ | ​ | 5,427 | ​ | ​ | — | ​ | ​ | 16,733
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 391 | ​ | ​ | — | ​ | ​ | 391
Total Multifamily Real Estate | ​ | $ | 133,717 | ​ | $ | 81,252 | ​ | $ | 74,775 | ​ | $ | 123,248 | ​ | $ | 70,748 | ​ | $ | 245,343 | ​ | $ | 2,499 | ​ | $ | 731,582
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential 1-4 Family - Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 78,631 | ​ | $ | 100,919 | ​ | $ | 76,284 | ​ | $ | 87,277 | ​ | $ | 76,710 | ​ | $ | 226,118 | ​ | $ | 1,251 | ​ | $ | 647,190
Watch & Special Mention | ​ | ​ | 592 | ​ | ​ | 4,625 | ​ | ​ | 8,739 | ​ | ​ | 4,420 | ​ | ​ | 4,186 | ​ | ​ | 15,798 | ​ | ​ | — | ​ | ​ | 38,360
Substandard | ​ | ​ | 652 | ​ | ​ | 810 | ​ | ​ | 272 | ​ | ​ | 2,060 | ​ | ​ | 993 | ​ | ​ | 6,119 | ​ | ​ | 488 | ​ | ​ | 11,394
Total Residential 1-4 Family - Commercial | ​ | $ | 79,875 | ​ | $ | 106,354 | ​ | $ | 85,295 | ​ | $ | 93,757 | ​ | $ | 81,889 | ​ | $ | 248,035 | ​ | $ | 1,739 | ​ | $ | 696,944
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 221,801 | ​ | $ | 115,346 | ​ | $ | 9,972 | ​ | $ | 39,542 | ​ | $ | 16,602 | ​ | $ | 47,858 | ​ | $ | 31,730 | ​ | $ | 482,851
Watch & Special Mention | ​ | ​ | 22 | ​ | ​ | — | ​ | ​ | 621 | ​ | ​ | 1,312 | ​ | ​ | 927 | ​ | ​ | 8,351 | ​ | ​ | — | ​ | ​ | 11,233
Total Other Commercial | ​ | $ | 221,823 | ​ | $ | 115,346 | ​ | $ | 10,593 | ​ | $ | 40,854 | ​ | $ | 17,529 | ​ | $ | 56,209 | ​ | $ | 31,730 | ​ | $ | 494,084
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 3,149,122 | ​ | $ | 1,853,466 | ​ | $ | 1,388,169 | ​ | $ | 1,053,776 | ​ | $ | 781,894 | ​ | $ | 2,205,231 | ​ | $ | 638,158 | ​ | $ | 11,069,816
Watch & Special Mention(1) | ​ | ​ | 39,847 | ​ | ​ | 224,656 | ​ | ​ | 193,309 | ​ | ​ | 102,120 | ​ | ​ | 156,107 | ​ | ​ | 376,887 | ​ | ​ | 50,718 | ​ | ​ | 1,143,644
Substandard | ​ | ​ | 689 | ​ | ​ | 1,856 | ​ | ​ | 8,599 | ​ | ​ | 4,012 | ​ | ​ | 4,720 | ​ | ​ | 33,611 | ​ | ​ | 4,364 | ​ | ​ | 57,851
Total Commercial | ​ | $ | 3,189,658 | ​ | $ | 2,079,978 | ​ | $ | 1,590,077 | ​ | $ | 1,159,908 | ​ | $ | 942,721 | ​ | $ | 2,615,729 | ​ | $ | 693,240 | ​ | $ | 12,271,311
​ (1)Approximately 85.0% was comprised of Watch, which increased from December 31, 2019 due to the continued uncertainty of the COVID-19 pandemic on impacted industries. ​ 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 September 30, 2020 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | September 30, 2020
​ | ​ | ​ | Term Loans Amortized Cost Basis by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​ | 2019 | ​ | 2018 | ​ | 2017 | ​ | 2016 | ​ | Prior | ​ | Revolving Loans | ​ | Total
Residential 1-4 Family - Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 143,716 | ​ | $ | 83,309 | ​ | $ | 78,957 | ​ | $ | 77,910 | ​ | $ | 111,043 | ​ | $ | 311,108 | ​ | $ | 12 | ​ | $ | 806,055
30-59 Days Past Due | ​ | ​ | — | ​ | ​ | 156 | ​ | ​ | 1,648 | ​ | ​ | 43 | ​ | ​ | 263 | ​ | ​ | 888 | ​ | ​ | — | ​ | ​ | 2,998
60-89 Days Past Due | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 708 | ​ | ​ | 1,138 | ​ | ​ | 67 | ​ | ​ | 2,063 | ​ | ​ | — | ​ | ​ | 3,976
90+ Days Past Due | ​ | ​ | 646 | ​ | ​ | 1,574 | ​ | ​ | — | ​ | ​ | 313 | ​ | ​ | 388 | ​ | ​ | 1,574 | ​ | ​ | — | ​ | ​ | 4,495
Nonaccrual | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 708 | ​ | ​ | 870 | ​ | ​ | 774 | ​ | ​ | 10,268 | ​ | ​ | — | ​ | ​ | 12,620
Total Residential 1-4 Family - Consumer | ​ | $ | 144,362 | ​ | $ | 85,039 | ​ | $ | 82,021 | ​ | $ | 80,274 | ​ | $ | 112,535 | ​ | $ | 325,901 | ​ | $ | 12 | ​ | $ | 830,144
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential 1-4 Family - Revolving | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 11,456 | ​ | $ | 4,160 | ​ | $ | 2,019 | ​ | $ | — | ​ | $ | — | ​ | $ | 644 | ​ | $ | 590,291 | ​ | $ | 608,570
30-59 Days Past Due | ​ | ​ | — | ​ | ​ | 36 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,633 | ​ | ​ | 2,669
60-89 Days Past Due | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,141 | ​ | ​ | 1,141
90+ Days Past Due | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,276 | ​ | ​ | 2,276
Nonaccrual | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 314 | ​ | ​ | 3,350 | ​ | ​ | 3,664
Total Residential 1-4 Family - Revolving | ​ | $ | 11,456 | ​ | $ | 4,196 | ​ | $ | 2,019 | ​ | $ | — | ​ | $ | — | ​ | $ | 958 | ​ | $ | 599,691 | ​ | $ | 618,320
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 26,520 | ​ | $ | 79,119 | ​ | $ | 79,878 | ​ | $ | 25,836 | ​ | $ | 11,163 | ​ | $ | 18,017 | ​ | $ | 33,296 | ​ | $ | 273,829
30-59 Days Past Due | ​ | ​ | 37 | ​ | ​ | 261 | ​ | ​ | 444 | ​ | ​ | 87 | ​ | ​ | 24 | ​ | ​ | 41 | ​ | ​ | 126 | ​ | ​ | 1,020
60-89 Days Past Due | ​ | ​ | 38 | ​ | ​ | 126 | ​ | ​ | 273 | ​ | ​ | 20 | ​ | ​ | 25 | ​ | ​ | 186 | ​ | ​ | 104 | ​ | ​ | 772
90+ Days Past Due | ​ | ​ | — | ​ | ​ | 19 | ​ | ​ | 253 | ​ | ​ | 32 | ​ | ​ | 21 | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | 327
Nonaccrual | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 74 | ​ | ​ | — | ​ | ​ | 75
Total Consumer | ​ | $ | 26,595 | ​ | $ | 79,525 | ​ | $ | 80,848 | ​ | $ | 25,975 | ​ | $ | 11,234 | ​ | $ | 18,318 | ​ | $ | 33,528 | ​ | $ | 276,023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Auto | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 129,176 | ​ | $ | 126,243 | ​ | $ | 62,569 | ​ | $ | 37,390 | ​ | $ | 20,505 | ​ | $ | 8,736 | ​ | $ | — | ​ | $ | 384,619
30-59 Days Past Due | ​ | ​ | 145 | ​ | ​ | 490 | ​ | ​ | 265 | ​ | ​ | 288 | ​ | ​ | 195 | ​ | ​ | 130 | ​ | ​ | — | ​ | ​ | 1,513
60-89 Days Past Due | ​ | ​ | 39 | ​ | ​ | 132 | ​ | ​ | 118 | ​ | ​ | 116 | ​ | ​ | 26 | ​ | ​ | 22 | ​ | ​ | — | ​ | ​ | 453
90+ Days Past Due | ​ | ​ | 29 | ​ | ​ | 99 | ​ | ​ | 62 | ​ | ​ | 45 | ​ | ​ | 53 | ​ | ​ | 27 | ​ | ​ | — | ​ | ​ | 315
Nonaccrual | ​ | ​ | 33 | ​ | ​ | 128 | ​ | ​ | 61 | ​ | ​ | 107 | ​ | ​ | 111 | ​ | ​ | 77 | ​ | ​ | — | ​ | ​ | 517
Total Auto | ​ | $ | 129,422 | ​ | $ | 127,092 | ​ | $ | 63,075 | ​ | $ | 37,946 | ​ | $ | 20,890 | ​ | $ | 8,992 | ​ | $ | — | ​ | $ | 387,417
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | $ | 310,868 | ​ | $ | 292,831 | ​ | $ | 223,423 | ​ | $ | 141,136 | ​ | $ | 142,711 | ​ | $ | 338,505 | ​ | $ | 623,599 | ​ | $ | 2,073,073
30-59 Days Past Due | ​ | ​ | 182 | ​ | ​ | 943 | ​ | ​ | 2,357 | ​ | ​ | 418 | ​ | ​ | 482 | ​ | ​ | 1,059 | ​ | ​ | 2,759 | ​ | ​ | 8,200
60-89 Days Past Due | ​ | ​ | 77 | ​ | ​ | 258 | ​ | ​ | 1,099 | ​ | ​ | 1,274 | ​ | ​ | 118 | ​ | ​ | 2,271 | ​ | ​ | 1,245 | ​ | ​ | 6,342
90+ Days Past Due | ​ | ​ | 675 | ​ | ​ | 1,692 | ​ | ​ | 315 | ​ | ​ | 390 | ​ | ​ | 462 | ​ | ​ | 1,601 | ​ | ​ | 2,278 | ​ | ​ | 7,413
Nonaccrual | ​ | ​ | 33 | ​ | ​ | 128 | ​ | ​ | 769 | ​ | ​ | 977 | ​ | ​ | 886 | ​ | ​ | 10,733 | ​ | ​ | 3,350 | ​ | ​ | 16,876
Total Consumer | ​ | $ | 311,835 | ​ | $ | 295,852 | ​ | $ | 227,963 | ​ | $ | 144,195 | ​ | $ | 144,659 | ​ | $ | 354,169 | ​ | $ | 633,231 | ​ | $ | 2,111,904
​ The Company did not have any material revolving loans convert to term during the three and nine months ended September 30, 2020. ​ ​ Acquired Loans ​ The Company has purchased loans that, at the time of acquisition, exhibited more than insignificant credit deterioration since origination. The Company has elected to treat all loans that were previously identified as PCI as PCD. As of September 30, 2020, the amortized cost of the Company’s PCD loans totaled $68.8 million, which had an estimated ALLL of $4.7 million. ​ Prior to the adoption of ASC 326 The following table shows the aging of the Company’s loan portfolio, by class, at December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | 30-59 Days | ​ | 60-89 Days | ​ | 90 Days and | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Past Due | ​ | Past Due | ​ | still Accruing | ​ | PCI | ​ | Nonaccrual | ​ | Current | ​ | Total Loans
Construction and Land Development | ​ | $ | 4,563 | ​ | $ | 482 | ​ | $ | 189 | ​ | $ | 10,944 | ​ | $ | 3,703 | ​ | $ | 1,231,043 | ​ | $ | 1,250,924
Commercial Real Estate - Owner Occupied | ​ |  | 3,482 | ​ |  | 2,184 | ​ |  | 1,062 | ​ |  | 27,438 | ​ |  | 6,003 | ​ |  | 2,001,074 | ​ |  | 2,041,243
Commercial Real Estate - Non-Owner Occupied | ​ |  | 457 | ​ |  | — | ​ |  | 1,451 | ​ |  | 14,565 | ​ |  | 381 | ​ |  | 3,269,244 | ​ |  | 3,286,098
Multifamily Real Estate | ​ |  | 223 | ​ |  | — | ​ |  | 474 | ​ |  | 94 | ​ |  | — | ​ |  | 632,952 | ​ |  | 633,743
Commercial & Industrial | ​ |  | 8,698 | ​ |  | 1,598 | ​ |  | 449 | ​ |  | 1,579 | ​ |  | 1,735 | ​ |  | 2,099,974 | ​ |  | 2,114,033
Residential 1-4 Family - Commercial | ​ |  | 1,479 | ​ |  | 2,207 | ​ |  | 674 | ​ |  | 12,205 | ​ |  | 4,301 | ​ |  | 703,471 | ​ |  | 724,337
Residential 1-4 Family - Consumer | ​ |  | 16,244 | ​ |  | 3,072 | ​ |  | 4,515 | ​ |  | 14,713 | ​ |  | 9,292 | ​ |  | 842,667 | ​ |  | 890,503
Residential 1-4 Family - Revolving | ​ |  | 10,190 | ​ |  | 1,784 | ​ |  | 3,357 | ​ |  | 4,127 | ​ |  | 2,080 | ​ |  | 637,966 | ​ |  | 659,504
Auto | ​ |  | 2,525 | ​ |  | 236 | ​ |  | 272 | ​ |  | 4 | ​ |  | 563 | ​ |  | 346,819 | ​ |  | 350,419
Consumer | ​ |  | 2,128 | ​ |  | 1,233 | ​ |  | 953 | ​ |  | 668 | ​ |  | 77 | ​ |  | 367,794 | ​ |  | 372,853
Other Commercial | ​ | ​ | 464 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 344 | ​ | ​ | 97 | ​ | ​ | 286,374 | ​ | ​ | 287,279
Total loans held for investment | ​ | $ | 50,453 | ​ | $ | 12,796 | ​ | $ | 13,396 | ​ | $ | 86,681 | ​ | $ | 28,232 | ​ | $ | 12,419,378 | ​ | $ | 12,610,936
​ The following table shows the PCI loan portfolios, by class and their delinquency status, at December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 30-89 Days |  | Greater than |  | ​ | ​ |  | ​ | ​
​ | ​ | Past Due | ​ | 90 Days | ​ | Current | ​ | Total
Construction and Land Development | ​ | $ | 136 | ​ | $ | 343 | ​ | $ | 10,465 | ​ | $ | 10,944
Commercial Real Estate - Owner Occupied | ​ |  | 480 | ​ |  | 6,884 | ​ |  | 20,074 | ​ |  | 27,438
Commercial Real Estate - Non-Owner Occupied | ​ |  | 848 | ​ |  | 987 | ​ |  | 12,730 | ​ |  | 14,565
Multifamily Real Estate | ​ |  | — | ​ |  | — | ​ |  | 94 | ​ |  | 94
Commercial & Industrial | ​ |  | — | ​ |  | 989 | ​ |  | 590 | ​ |  | 1,579
Residential 1-4 Family - Commercial | ​ |  | 543 | ​ |  | 1,995 | ​ |  | 9,667 | ​ |  | 12,205
Residential 1-4 Family - Consumer | ​ |  | 927 | ​ |  | 1,781 | ​ |  | 12,005 | ​ |  | 14,713
Residential 1-4 Family - Revolving | ​ |  | 287 | ​ |  | 205 | ​ |  | 3,635 | ​ |  | 4,127
Auto | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4 | ​ | ​ | 4
Consumer | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 659 | ​ | ​ | 668
Other Commercial | ​ |  | — | ​ |  | — | ​ |  | 344 | ​ |  | 344
Total | ​ | $ | 3,221 | ​ | $ | 13,193 | ​ | $ | 70,267 | ​ | $ | 86,681
​ ​ As of December 31, 2019, the Company measured the amount of impairment by evaluating loans either in their collective homogeneous pools or individually. The following table shows the Company’s loans, excluding PCI loans, by class at December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ |  | ​ | ​ |  | Unpaid |  | ​ | ​
​ | ​ | Recorded | ​ | Principal | ​ | Related
​ | ​ | Investment | ​ | Balance | ​ | Allowance
Loans without a specific allowance |  | ​ |  |  | ​ |  |  | ​ |
Construction and Land Development | ​ | $ | 5,877 | ​ | $ | 7,174 | ​ | $ | —
Commercial Real Estate - Owner Occupied | ​ |  | 8,801 | ​ |  | 9,296 | ​ |  | —
Commercial Real Estate - Non-Owner Occupied | ​ |  | 3,510 | ​ |  | 4,059 | ​ |  | —
Commercial & Industrial | ​ |  | 3,668 | ​ |  | 3,933 | ​ |  | —
Residential 1-4 Family - Commercial | ​ |  | 4,047 | ​ |  | 4,310 | ​ |  | —
Residential 1-4 Family - Consumer | ​ |  | 8,420 | ​ |  | 9,018 | ​ |  | —
Residential 1-4 Family - Revolving | ​ |  | 862 | ​ |  | 865 | ​ |  | —
Total impaired loans without a specific allowance | ​ | $ | 35,185 | ​ | $ | 38,655 | ​ | $ | —
Loans with a specific allowance | ​ |  |  | ​ |  |  | ​ |  |
Construction and Land Development | ​ | $ | 984 | ​ | $ | 1,032 | ​ | $ | 49
Commercial Real Estate - Owner Occupied | ​ |  | 2,820 | ​ |  | 3,093 | ​ |  | 146
Commercial Real Estate - Non-Owner Occupied | ​ |  | 335 | ​ |  | 383 | ​ |  | 2
Commercial & Industrial | ​ |  | 2,568 | ​ |  | 2,590 | ​ |  | 619
Residential 1-4 Family - Commercial | ​ |  | 1,726 | ​ |  | 1,819 | ​ |  | 162
Residential 1-4 Family - Consumer | ​ |  | 12,026 | ​ |  | 12,670 | ​ |  | 1,242
Residential 1-4 Family - Revolving | ​ |  | 2,186 | ​ |  | 2,369 | ​ |  | 510
Auto | ​ |  | 563 | ​ |  | 879 | ​ |  | 221
Consumer | ​ |  | 168 | ​ |  | 336 | ​ |  | 46
Other Commercial | ​ | ​ | 562 | ​ | ​ | 567 | ​ | ​ | 30
Total impaired loans with a specific allowance | ​ | $ | 23,938 | ​ | $ | 25,738 | ​ | $ | 3,027
Total impaired loans | ​ | $ | 59,123 | ​ | $ | 64,393 | ​ | $ | 3,027
​ The following table shows the average recorded investment and interest income recognized for the Company’s loans, excluding PCI loans, by class for the three and nine months ended September 30, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, 2019 | ​ | September 30, 2019
​ |  | ​ | ​ |  | Interest |  | ​ | ​ |  | Interest
​ | ​ | Average | ​ | Income | ​ | Average | ​ | Income
​ | ​ | Investment | ​ | Recognized | ​ | Investment | ​ | Recognized
Construction and Land Development | ​ | $ | 13,581 | ​ | $ | 40 | ​ | $ | 13,601 | ​ | $ | 351
Commercial Real Estate - Owner Occupied | ​ |  | 13,301 | ​ |  | 85 | ​ |  | 13,436 | ​ |  | 339
Commercial Real Estate - Non-Owner Occupied | ​ |  | 2,748 | ​ |  | 26 | ​ |  | 3,543 | ​ |  | 82
Multifamily Real Estate | ​ | ​ | 1,217 | ​ | ​ | 15 | ​ | ​ | 1,234 | ​ | ​ | 46
Commercial & Industrial | ​ |  | 3,986 | ​ |  | 41 | ​ |  | 4,046 | ​ |  | 129
Residential 1-4 Family - Commercial | ​ |  | 6,334 | ​ |  | 41 | ​ |  | 6,521 | ​ |  | 125
Residential 1-4 Family - Consumer | ​ |  | 19,802 | ​ |  | 75 | ​ |  | 20,007 | ​ |  | 264
Residential 1-4 Family - Revolving | ​ |  | 2,125 | ​ |  | 5 | ​ |  | 2,242 | ​ |  | 31
Auto | ​ |  | 691 | ​ |  | — | ​ |  | 781 | ​ |  | 9
Consumer | ​ |  | 184 | ​ |  | 2 | ​ |  | 192 | ​ |  | 5
Other Commercial | ​ | ​ | 570 | ​ | ​ | 7 | ​ | ​ | 579 | ​ | ​ | 21
Total impaired loans | ​ | $ | 64,539 | ​ | $ | 337 | ​ | $ | 66,182 | ​ | $ | 1,402
​ At December 31, 2019, the Company considered TDRs to be impaired 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 impairment in accordance with the Company’s allowance for credit loss methodology. 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 December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ |  | No. of |  | Recorded |  | Outstanding
​ | ​ | Loans | ​ | Investment | ​ | Commitment
Performing |  |  |  | ​ |  |  | ​ |
Construction and Land Development |  | 4 | ​ | $ | 1,114 | ​ | $ | —
Commercial Real Estate - Owner Occupied |  | 6 | ​ |  | 2,228 | ​ |  | 26
Commercial Real Estate - Non-Owner Occupied |  | 1 | ​ |  | 1,089 | ​ |  | —
Commercial & Industrial |  | 4 | ​ |  | 1,020 | ​ |  | —
Residential 1-4 Family - Commercial |  | 5 | ​ |  | 290 | ​ |  | —
Residential 1-4 Family - Consumer |  | 69 | ​ |  | 9,396 | ​ |  | —
Residential 1-4 Family - Revolving |  | 2 | ​ |  | 56 | ​ |  | —
Consumer |  | 4 | ​ |  | 29 | ​ |  | —
Other Commercial | ​ | 1 | ​ | ​ | 464 | ​ | ​ | —
Total performing |  | 96 | ​ | $ | 15,686 | ​ | $ | 26
Nonperforming |  |  | ​ |  |  | ​ |  |
Commercial Real Estate - Owner Occupied |  | 2 | ​ | $ | 176 | ​ | $ | —
Commercial & Industrial |  | 1 | ​ |  | 55 | ​ |  | —
Residential 1-4 Family - Consumer |  | 19 | ​ |  | 3,522 | ​ |  | —
Residential 1-4 Family - Revolving |  | 2 | ​ |  | 57 | ​ |  | —
Total nonperforming |  | 24 | ​ | $ | 3,810 | ​ | $ | —
Total performing and nonperforming |  | 120 | ​ | $ | 19,496 | ​ | $ | 26
​ The Company considers a default of a TDR to occur when the borrower is 90 days past due following the restructuring or a foreclosure and repossession of the applicable collateral occurs. During the three and nine months ended September 30, 2019 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 nine months ended September 30, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | All Restructurings
​ | ​ | Three Months Ended September 30, 2019 | ​ | Nine Months Ended September 30, 2019
​ |  | ​ |  | 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 | ​ | 1 | ​ | $ | 376 |  | 1 | ​ | $ | 376
Residential 1-4 Family - Commercial |  | — | ​ | ​ | — |  | 1 | ​ | ​ | 73
Residential 1-4 Family - Consumer |  | 1 | ​ |  | 461 |  | 4 | ​ |  | 761
Consumer |  | 2 | ​ |  | 18 |  | 3 | ​ |  | 26
Total loan term extended at a market rate |  | 4 | ​ | $ | 855 |  | 9 | ​ | $ | 1,236
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Term modification, below market rate |  |  | ​ |  |  |  |  | ​ |  |
Construction and Land Development | ​ | 2 | ​ | $ | 164 | ​ | 2 | ​ | $ | 164
Residential 1-4 Family - Consumer |  | 5 | ​ | ​ | 883 |  | 17 | ​ | ​ | 2,211
Consumer | ​ | — | ​ | ​ | — | ​ | 1 | ​ | ​ | 5
Total loan term extended at a below market rate |  | 7 | ​ | $ | 1,047 |  | 20 | ​ | $ | 2,380
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | 11 | ​ | $ | 1,902 |  | 29 | ​ | $ | 3,616
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ Allowance for Loan and Lease Losses The following table shows the ALLL activity by class for the nine months ended September 30, 2019. The table below includes the provision for loan losses. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2019
​ | ​ | Allowance for loan losses
​ |  | Balance, |  | Recoveries |  | Loans |  | Provision |  | Balance,
​ | ​ | beginning of | ​ | credited to | ​ | charged | ​ | charged to | ​ | end of
​ | ​ | the year | ​ | allowance | ​ | off | ​ | operations | ​ | period
Construction and Land Development | ​ | $ | 6,803 | ​ | $ | 269 | ​ | $ | (4,028) | ​ | $ | 2,863 | ​ | $ | 5,907
Commercial Real Estate - Owner Occupied | ​ |  | 4,023 | ​ |  | 118 | ​ |  | (483) | ​ |  | 361 | ​ |  | 4,019
Commercial Real Estate - Non-Owner Occupied | ​ |  | 8,865 | ​ |  | 95 | ​ |  | (270) | ​ |  | 996 | ​ |  | 9,686
Multifamily Real Estate | ​ |  | 649 | ​ |  | 85 | ​ |  | — | ​ |  | 46 | ​ |  | 780
Commercial & Industrial | ​ |  | 7,636 | ​ |  | 936 | ​ |  | (2,162) | ​ |  | 2,739 | ​ |  | 9,149
Residential 1-4 Family - Commercial | ​ |  | 1,692 | ​ |  | 244 | ​ |  | (397) | ​ |  | 50 | ​ |  | 1,589
Residential 1-4 Family - Consumer | ​ |  | 1,492 | ​ |  | 256 | ​ |  | (108) | ​ |  | 158 | ​ |  | 1,798
Residential 1-4 Family - Revolving | ​ |  | 1,297 | ​ |  | 589 | ​ |  | (570) | ​ |  | (179) | ​ |  | 1,137
Auto | ​ |  | 1,443 | ​ |  | 452 | ​ |  | (957) | ​ |  | 614 | ​ |  | 1,552
Consumer and all other(1) | ​ |  | 7,145 | ​ |  | 1,896 | ​ |  | (12,215) | ​ |  | 11,377 | ​ |  | 8,203
Total | ​ | $ | 41,045 | ​ | $ | 4,940 | ​ | $ | (21,190) | ​ | $ | 19,025 | ​ | $ | 43,820
(1)Consumer and Other Commercial are grouped together as Consumer and all other for reporting purposes. ​ The following tables show the loan and ALLL balances based on impairment methodology by class as of December 31, 2019 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ | ​ | Loans individually | ​ | Loans collectively | ​ | Loans acquired with | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | evaluated for | ​ | evaluated for | ​ | deteriorated credit | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | impairment | ​ | impairment | ​ | quality | ​ | Total
​ |  | Loans |  | ALL |  | Loans |  | ALL |  | Loans |  | ALL |  | Loans |  | ALL
Construction and Land Development | ​ | $ | 6,861 | ​ | $ | 49 | ​ | $ | 1,233,119 | ​ | $ | 5,709 | ​ | $ | 10,944 | ​ | $ | — | ​ | $ | 1,250,924 | ​ | $ | 5,758
Commercial Real Estate - Owner Occupied | ​ |  | 11,621 | ​ |  | 146 | ​ |  | 2,002,184 | ​ |  | 3,773 | ​ |  | 27,438 | ​ |  | — | ​ |  | 2,041,243 | ​ |  | 3,919
Commercial Real Estate - Non-Owner Occupied | ​ |  | 3,845 | ​ |  | 2 | ​ |  | 3,267,688 | ​ |  | 9,541 | ​ |  | 14,565 | ​ |  | — | ​ |  | 3,286,098 | ​ |  | 9,543
Multifamily Real Estate | ​ |  | — | ​ |  | — | ​ |  | 633,649 | ​ |  | 632 | ​ |  | 94 | ​ |  | — | ​ |  | 633,743 | ​ |  | 632
Commercial & Industrial | ​ |  | 6,236 | ​ |  | 619 | ​ |  | 2,106,218 | ​ |  | 7,768 | ​ |  | 1,579 | ​ |  | 217 | ​ |  | 2,114,033 | ​ |  | 8,604
Residential 1-4 Family - Commercial | ​ |  | 5,773 | ​ |  | 162 | ​ |  | 706,359 | ​ |  | 1,203 | ​ |  | 12,205 | ​ |  | — | ​ |  | 724,337 | ​ |  | 1,365
Residential 1-4 Family - Consumer | ​ |  | 20,446 | ​ |  | 1,242 | ​ |  | 855,344 | ​ |  | 771 | ​ |  | 14,713 | ​ |  | — | ​ |  | 890,503 | ​ |  | 2,013
Residential 1-4 Family - Revolving | ​ |  | 3,048 | ​ |  | 510 | ​ |  | 652,329 | ​ |  | 813 | ​ |  | 4,127 | ​ |  | — | ​ |  | 659,504 | ​ |  | 1,323
Auto | ​ |  | 563 | ​ |  | 221 | ​ |  | 349,852 | ​ |  | 1,232 | ​ |  | 4 | ​ |  | — | ​ |  | 350,419 | ​ |  | 1,453
Consumer and all other(1) | ​ |  | 730 | ​ |  | 76 | ​ |  | 658,390 | ​ |  | 7,608 | ​ |  | 1,012 | ​ |  | — | ​ |  | 660,132 | ​ |  | 7,684
Total loans held for investment, net | ​ | $ | 59,123 | ​ | $ | 3,027 | ​ | $ | 12,465,132 | ​ | $ | 39,050 | ​ | $ | 86,681 | ​ | $ | 217 | ​ | $ | 12,610,936 | ​ | $ | 42,294
(1)Consumer and Other Commercial are grouped together as Consumer and all other for reporting purposes. ​ The Company uses a risk rating system and past due status as the primary credit quality indicators for the loan categories. 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 loan 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; or
| ● | Loans that are not risk rated but that are 0 to 29 days past due.
​ Watch & Special Mention 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;
| ● | 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; or
| ● | Loans that are not risk rated but that are 30 to 89 days past due.
​ 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; or
| ● | Loans that are not risk rated but that are 90 to 149 days past due.
​ 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; or
| ● | Loans that are not risk rated but that are over 149 days past due.
​ The following table shows the recorded investment in all loans, excluding PCI loans, by segment with their related risk level as of December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pass |  | Watch & Special Mention |  | Substandard |  | Doubtful |  | Total
Construction and Land Development | ​ | $ | 1,197,066 | ​ | $ | 37,182 | ​ | $ | 5,732 | ​ | $ | — | ​ | $ | 1,239,980
Commercial Real Estate - Owner Occupied | ​ |  | 1,916,492 | ​ |  | 87,004 | ​ |  | 10,309 | ​ |  | — | ​ |  | 2,013,805
Commercial Real Estate - Non-Owner Occupied | ​ |  | 3,205,463 | ​ |  | 62,368 | ​ |  | 3,608 | ​ |  | 94 | ​ |  | 3,271,533
Multifamily Real Estate | ​ |  | 613,844 | ​ |  | 19,396 | ​ |  | 409 | ​ |  | — | ​ |  | 633,649
Commercial & Industrial | ​ |  | 2,043,903 | ​ |  | 60,495 | ​ |  | 8,048 | ​ |  | 8 | ​ |  | 2,112,454
Residential 1-4 Family - Commercial | ​ |  | 680,894 | ​ |  | 24,864 | ​ |  | 6,374 | ​ |  | — | ​ |  | 712,132
Residential 1-4 Family - Consumer | ​ |  | 841,408 | ​ |  | 13,592 | ​ |  | 20,534 | ​ |  | 256 | ​ |  | 875,790
Residential 1-4 Family - Revolving | ​ |  | 641,069 | ​ |  | 6,373 | ​ |  | 7,935 | ​ |  | — | ​ |  | 655,377
Auto | ​ |  | 345,960 | ​ |  | 2,630 | ​ |  | 1,825 | ​ |  | — | ​ |  | 350,415
Consumer | ​ |  | 371,315 | ​ |  | 550 | ​ |  | 320 | ​ |  | — | ​ |  | 372,185
Other Commercial | ​ |  | 284,914 | ​ |  | 1,863 | ​ |  | 158 | ​ |  | — | ​ |  | 286,935
Total | ​ | $ | 12,142,328 | ​ | $ | 316,317 | ​ | $ | 65,252 | ​ | $ | 358 | ​ | $ | 12,524,255
​ The following table shows the recorded investment in only PCI loans by segment with their related risk level as of December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pass |  | Watch & Special Mention |  | Substandard |  | Doubtful |  | Total
Construction and Land Development | ​ | $ | 1,092 | ​ | $ | 3,692 | ​ | $ | 6,160 | ​ | $ | — | ​ | $ | 10,944
Commercial Real Estate - Owner Occupied | ​ |  | 8,264 | ​ |  | 10,524 | ​ |  | 8,650 | ​ |  | — | ​ |  | 27,438
Commercial Real Estate - Non-Owner Occupied | ​ |  | 3,826 | ​ |  | 9,415 | ​ |  | 1,324 | ​ |  | — | ​ |  | 14,565
Multifamily Real Estate | ​ |  | — | ​ |  | 94 | ​ |  | — | ​ |  | — | ​ |  | 94
Commercial & Industrial | ​ |  | 127 | ​ |  | 25 | ​ |  | 1,427 | ​ |  | — | ​ |  | 1,579
Residential 1-4 Family - Commercial | ​ |  | 6,000 | ​ |  | 2,693 | ​ |  | 3,512 | ​ |  | — | ​ |  | 12,205
Residential 1-4 Family - Consumer | ​ |  | 9,947 | ​ |  | 557 | ​ |  | 4,209 | ​ |  | — | ​ |  | 14,713
Residential 1-4 Family - Revolving | ​ |  | 2,887 | ​ |  | 707 | ​ |  | 533 | ​ |  | — | ​ |  | 4,127
Auto | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | 4
Consumer | ​ |  | 657 | ​ |  | — | ​ |  | 11 | ​ |  | — | ​ |  | 668
Other Commercial | ​ | ​ | 120 | ​ | ​ | 224 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 344
Total | ​ | $ | 32,922 | ​ | $ | 27,931 | ​ | $ | 25,828 | ​ | $ | — | ​ | $ | 86,681
​ Acquired Loans Loans acquired are originally recorded at fair value, with certain loans being identified as impaired at the date of purchase. The fair values were determined based on the credit quality of the portfolio, expected future cash flows, and timing of those expected future cash flows. The following shows changes in the accretable yield for loans accounted for under ASC 310-30, Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality, as of September 30, 2019 (dollars in thousands):
​ | ​ | ​ | ​
​ | ​ | For the Nine Months Ended September 30,
​ |  | 2019
Balance at beginning of period | ​ | $ | 31,201
Additions | ​ |  | 2,432
Accretion | ​ |  | (9,830)
Reclass of nonaccretable difference due to improvement in expected cash flows | ​ |  | 1,372
Measurement period adjustment | ​ |  | 2,629
Other, net (1) | ​ |  | 5,083
Balance at end of period | ​ | $ | 32,887
(1) | This line item represents changes in the cash flows expected to be collected due to the impact of non-credit changes such as prepayment assumptions, changes in interest rates on variable rate PCI loans, and discounted payoffs that occurred in the quarter.
The carrying value of the Company’s PCI loan portfolio, accounted for under ASC 310-30, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality, totaled $86.7 million at December 31, 2019. The outstanding balance of the Company’s PCI loan portfolio totaled $104.9 million at December 31, 2019. The carrying value of the Company’s acquired performing loan portfolio, accounted for under ASC 310-20, Receivables – Nonrefundable Fees and Other Costs, totaled $3.0 billion at December 31, 2019; the remaining discount on these loans totaled $50.1 million at December 31, 2019. ​

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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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