XML 47 R31.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Loans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Loans [Abstract] |
Major Classifications Of Loans |
| December 31, |  | December 31,
| 2024 |  | 2023
SBL non-real estate | $ | 190,322 |  | $ | 137,752
SBL commercial mortgage |  | 662,091 |  |  | 606,986
SBL construction |  | 34,685 |  |  | 22,627
SBLs |  | 887,098 |  |  | 767,365
Direct lease financing |  | 700,553 |  |  | 685,657
SBLOC / IBLOC(1) |  | 1,564,018 |  |  | 1,627,285
Advisor financing(2) |  | 273,896 |  |  | 221,612
Real estate bridge lending |  | 2,109,041 |  |  | 1,999,782
Consumer fintech(3) |  | 454,357 |  |  | —
Other loans(4) |  | 111,328 |  |  | 50,638
|  | 6,100,291 |  |  | 5,352,339
Unamortized loan fees and costs |  | 13,337 |  |  | 8,800
Total loans, net of unamortized loan fees and costs | $ | 6,113,628 |  | $ | 5,361,139
| December 31, |  | December 31,
| 2024 |  | 2023
SBLs, including costs net of deferred fees of $9,979 and $9,502 for December 31, 2024 and December 31, 2023, respectively | $ | 897,077 |  | $ | 776,867
SBLs included in commercial loans, at fair value |  | 89,902 |  |  | 119,287
Total SBLs(5) | $ | 986,979 |  | $ | 896,154
(1 ) SBLOC are collateralized by marketable securities, while IBLOC are collateralized by the cash surrender value of insurance policies. At December 31, 2024 and December 31, 2023, IBLOC loans amounted to $548.1 million and $646.9 million, respectively. (2) In 2020, the Bank began originating loans to investment advisors for purposes of debt refinancing, acquisition of another firm or internal succession. Maximum loan amounts are subject to loan-to-value ratios of 70% of the business enterprise value based on a third-party valuation but may be increased depending upon the debt service coverage ratio. Personal guarantees and blanket business liens are obtained as appropriate. (3) Consumer fintech loans included $201.1 million of secured credit card loans, with the balance consisting of other short-term extensions of credit. (4) Includes demand deposit overdrafts reclassified as loan balances totaling $1.2 million and $1.7 million at December 31, 2024 and December 31, 2023, respectively. Estimated overdraft charge-offs and recoveries are reflected in the ACL and have been immaterial. (5) The SBLs held at fair value are comprised of the government guaranteed portion of 7(a) Program (as defined below) loans at the dates indicated.
Summary Of Non-Accrual Loans With And Without Allowance For Credit Losses |
|  | December 31, 2024 |  | December 31, 2023
|  | Non-accrual loans with a related ACL |  | Related ACL |  | Non-accrual loans without a related ACL |  | Total non-accrual loans |  | Non-accrual loans with a related ACL |  | Related ACL |  | Non-accrual loans without a related ACL |  | Total non-accrual loans
SBL non-real estate |  | $ | 1,308 |  | $ | 351 |  | $ | 1,327 |  | $ | 2,635 |  | $ | 1,320 |  | $ | 598 |  | $ | 522 |  | $ | 1,842
SBL commercial mortgage |  |  | 1,922 |  |  | 1,039 |  |  | 2,963 |  |  | 4,885 |  |  | 834 |  |  | 343 |  |  | 1,547 |  |  | 2,381
SBL construction |  |  | 1,585 |  |  | 118 |  |  | — |  |  | 1,585 |  |  | 3,385 |  |  | 44 |  |  | — |  |  | 3,385
Direct leasing |  |  | 5,561 |  |  | 2,377 |  |  | 465 |  |  | 6,026 |  |  | 3,618 |  |  | 1,827 |  |  | 167 |  |  | 3,785
IBLOC |  |  | 503 |  |  | 413 |  |  | — |  |  | 503 |  |  | — |  |  | — |  |  | — |  |  | —
Real estate bridge loans(1) |  |  | — |  |  | — |  |  | 12,300 |  |  | 12,300 |  |  | — |  |  | — |  |  | — |  |  | —
Other loans |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 132 |  |  | 4 |  |  | — |  |  | 132
|  | $ | 10,879 |  | $ | 4,298 |  | $ | 17,055 |  | $ | 27,934 |  | $ | 9,289 |  | $ | 2,816 |  | $ | 2,236 |  | $ | 11,525
(1) The $12.3 million REBL shown for 2023 was repaid on January 2, 2025 without loss of principal.
Non-accrual Loans, Loans Past Due 90 Days And Other Real Estate Owned And Delinquent Loans By Loan Category |
|  | December 31,
|  | 2024 |  | 2023
|  |  | (Dollars in thousands)
Non-accrual loans |  |  |  |  |  |
SBL non-real estate |  | $ | 2,635 |  | $ | 1,842
SBL commercial mortgage |  |  | 4,885 |  |  | 2,381
SBL construction |  |  | 1,585 |  |  | 3,385
Direct leasing |  |  | 6,026 |  |  | 3,785
IBLOC |  |  | 503 |  |  | —
Real estate bridge loans(1) |  |  | 12,300 |  |  | —
Other loans |  |  | — |  |  | 132
Total non-accrual loans |  |  | 27,934 |  |  | 11,525
Loans past due 90 days or more and still accruing(2) |  |  | 5,830 |  |  | 1,744
Total non-performing loans |  |  | 33,764 |  |  | 13,269
OREO(3) |  |  | 62,025 |  |  | 16,949
Total non-performing assets |  | $ | 95,789 |  | $ | 30,218
(1) The $12.3 million REBL shown for 2023 was repaid on January 2, 2025 without loss of principal. (2) The majority of the increase in Loans past due 90 days or more in 2024 compared to the prior year resulted from a $3.3 million IBLOC loan secured by the cash value of insurance, the payoff of which was subject to an administrative delay by the related insurance company. (3) In the first quarter of 2024, a $39.4 million apartment building rehabilitation bridge loan was transferred to nonaccrual status. On April 2, 2024, the same loan was transferred from nonaccrual status to OREO, and comprised the majority of our OREO at December 31, 2024, with a balance at that date of $41.1 million. We intend to continue to manage the capital improvements on the underlying apartment complex. As the units become available for lease, the property manager will be tasked with leasing these units at market rents. That property is under agreement of sale with a sales price that is expected to cover the Company’s current balance plus the forecasted cost of improvements to the property. The purchaser has increased the total of earnest money deposits to $1.6 million, from $500,000, in consideration of extending the closing date to March 21, 2025. The Company believes that the purpose for the extension is to allow time for this sale to be included in a larger transaction. There can be no assurance that the purchaser will consummate the sale of the property, but if not consummated, the earnest money deposits of $1.6 million would accrue to the Company. The nonaccrual balances in this table as of December 31, 2024, are also reflected in the substandard loan totals.
Summary Of Loans Modified And Related Information |
| Year ended December 31, 2024 |  | Year ended December 31, 2023
| Payment delay as a result of a payment deferral |  | Interest rate reduction and payment deferral |  | Term extension |  | Total |  | Percent of total loan category |  | Payment delay as a result of a payment deferral |  | Payment delay and term extension |  | Total |  | Percent of total loan category
SBL non-real estate | $ | 2,421 |  | $ | — |  | $ | — |  | $ | 2,421 |  |  | 1.27% |  | $ | 651 |  | $ | — |  | $ | 651 |  |  | 0.47%
SBL commercial mortgage |  | 3,255 |  |  | — |  |  | — |  |  | 3,255 |  |  | 0.49% |  |  | — |  |  | — |  |  | — |  |  | —
Direct lease financing |  | — |  |  | — |  |  | 2,477 |  |  | 2,477 |  |  | 0.35% |  |  | — |  |  | 127 |  |  | 127 |  |  | 0.02%
Real estate bridge lending(1) |  | — |  |  | 67,575 |  |  | — |  |  | 67,575 |  |  | 3.20% |  |  | — |  |  | 12,300 |  |  | 12,300 |  |  | 0.62%
Total | $ | 5,676 |  | $ | 67,575 |  | $ | 2,477 |  | $ | 75,728 |  |  | 1.24% |  | $ | 651 |  | $ | 12,427 |  | $ | 13,078 |  |  | 0.24%
(1) For the year ended December 31, 2024, the “as is” weighted average LTV of the real estate bridge lending balances was less than 73%, and the “as stabilized” LTV was approximately 63% based upon recent appraisals. “As stabilized” LTVs reflect the third-party appraiser’s estimated value after the rehabilitation is complete. The balances for both periods were also classified as either special mention or substandard as of December 31, 2024. The $12.3 million REBL shown for 2023 was repaid on January 2, 2025 without loss of principal.
Summary Of Restructured Loans During Twelve Months |
| Year ended December 31, 2024
| Payment Status (Amortized Cost Basis)
| 30-59 days |  | 60-89 days |  | 90+ days |  |  |  | Total |  |  |  |
| past due |  | past due |  | still accruing |  | Non-accrual |  | delinquent |  | Current |  | Total
SBL non-real estate | $ | — |  | $ | — |  | $ | — |  | $ | 1,022 |  | $ | 1,022 |  | $ | 1,399 |  | $ | 2,421
SBL commercial mortgage |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,255 |  |  | 3,255
Direct lease financing |  | — |  |  | 2,477 |  |  | — |  |  | — |  |  | 2,477 |  |  | — |  |  | 2,477
Real estate bridge lending(1) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 67,575 |  |  | 67,575
| $ | — |  | $ | 2,477 |  | $ | — |  | $ | 1,022 |  | $ | 3,499 |  | $ | 72,229 |  | $ | 75,728
| Year ended December 31, 2023
| Payment Status (Amortized Cost Basis)
| 30-59 days |  | 60-89 days |  | 90+ days |  |  |  | Total |  |  |  |
| past due |  | past due |  | still accruing |  | Non-accrual |  | delinquent |  | Current |  | Total
SBL non-real estate | $ | — |  | $ | — |  | $ | — |  | $ | 156 |  | $ | 156 |  | $ | 495 |  | $ | 651
SBL commercial mortgage |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Direct lease financing |  | — |  |  | — |  |  | — |  |  | 127 |  |  | 127 |  |  | — |  |  | 127
Real estate bridge lending(1) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,300 |  |  | 12,300
| $ | — |  | $ | — |  | $ | — |  | $ | 283 |  | $ | 283 |  | $ | 12,795 |  | $ | 13,078
(1) For the year ended December 31, 2024, the “as is” weighted average LTV of the real estate bridge lending balances was less than 73%, and the “as stabilized” LTV was approximately 63% based upon recent appraisals. “As stabilized” LTVs reflect the third-party appraiser’s estimated value after the rehabilitation is complete. The balances for both periods were also classified as either special mention or substandard as of December 31, 2024. While the borrower for the $12.3 million REBL shown for 2023 ceased making payments in 2024, the loan was repaid on January 2, 2025 without loss of principal.
Summary of Financial Effect of Modifications to Troubled Borrowers |
|  | Year ended December 31, 2024 |  |  | Year ended December 31, 2023
|  | Combined Rate and Maturity |  |  |  |  |  | Combined Rate and Maturity |  |  |
|  | Weighted average interest rate reduction |  |  | Weighted average term extension (in months) |  |  | More-than-insignificant-payment delay(2) |  |  | Weighted average interest rate reduction |  |  | Weighted average term extension (in months) |  |  | More-than-insignificant-payment delay(2)
SBL non-real estate |  | — |  |  | — |  |  | 1.27% |  |  | — |  |  | — |  |  | 0.47%
SBL commercial mortgage |  | — |  |  | — |  |  | 0.49% |  |  | — |  |  | — |  |  | —
Direct lease financing |  | — |  |  | 12.0 |  |  | — |  |  | — |  |  | 3.0 |  |  | —
Real estate bridge lending(1) |  | 1.08% |  |  | — |  |  | 1.28% |  |  | — |  |  | 12.0 |  |  | —
(1) For the year ended December 31, 2024, the “as is” weighted average LTV of the real estate bridge lending balances was less than 73%, and the “as stabilized” LTV was approximately 63% based upon recent appraisals. “As stabilized” LTVs reflect the third-party appraiser’s estimated value after the rehabilitation is complete. The balances for both periods were also classified as either special mention or substandard as of December 31, 2024. (2) Percentage represents the principal of loans deferred divided by the principal of the total loan portfolio.
Summary Of Gross Loans Held For Investment By Year Of Origination And Internally Assigned Credit Grade |
As of December 31, 2024 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Revolving loans at amortized cost |  | Total
SBL non real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 46,766 |  | $ | 74,772 |  | $ | 27,794 |  | $ | 18,103 |  | $ | 5,321 |  | $ | 5,353 |  | $ | — |  | $ | 178,109
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 130 |  |  | — |  |  | 130
Substandard |  |  | — |  |  | 2,437 |  |  | 2,480 |  |  | 1,234 |  |  | 573 |  |  | 1,097 |  |  | — |  |  | 7,821
Total SBL non-real estate |  |  | 46,766 |  |  | 77,209 |  |  | 30,274 |  |  | 19,337 |  |  | 5,894 |  |  | 6,580 |  |  | — |  |  | 186,060
SBL commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 140,314 |  |  | 84,538 |  |  | 130,233 |  |  | 84,026 |  |  | 58,524 |  |  | 140,165 |  |  | — |  |  | 637,800
Special mention |  |  | — |  |  | — |  |  | 528 |  |  | 1,104 |  |  | — |  |  | 7,690 |  |  | — |  |  | 9,322
Substandard |  |  | — |  |  | — |  |  | 1,380 |  |  | 4,942 |  |  | 163 |  |  | 4,104 |  |  | — |  |  | 10,589
Total SBL commercial mortgage |  |  | 140,314 |  |  | 84,538 |  |  | 132,141 |  |  | 90,072 |  |  | 58,687 |  |  | 151,959 |  |  | — |  |  | 657,711
SBL construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 12,392 |  |  | 13,846 |  |  | 2,899 |  |  | 3,609 |  |  | — |  |  | — |  |  | — |  |  | 32,746
Substandard |  |  | — |  |  | — |  |  | — |  |  | 1,229 |  |  | — |  |  | 710 |  |  | — |  |  | 1,939
Total SBL construction |  |  | 12,392 |  |  | 13,846 |  |  | 2,899 |  |  | 4,838 |  |  | — |  |  | 710 |  |  | — |  |  | 34,685
Direct lease financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  |  | 5,184 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,184
Pass |  |  | 271,791 |  |  | 193,663 |  |  | 136,601 |  |  | 45,594 |  |  | 15,846 |  |  | 4,269 |  |  | — |  |  | 667,764
Special mention |  |  | 1,866 |  |  | 2,294 |  |  | 2,618 |  |  | 1,783 |  |  | 73 |  |  | 83 |  |  | — |  |  | 8,717
Substandard |  |  | 3,892 |  |  | 6,657 |  |  | 6,462 |  |  | 1,733 |  |  | 92 |  |  | 52 |  |  | — |  |  | 18,888
Total direct lease financing |  |  | 282,733 |  |  | 202,614 |  |  | 145,681 |  |  | 49,110 |  |  | 16,011 |  |  | 4,404 |  |  | — |  |  | 700,553
SBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,466 |  |  | 3,466
Pass |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,012,418 |  |  | 1,012,418
Total SBLOC |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,015,884 |  |  | 1,015,884
IBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 547,196 |  |  | 547,196
Substandard |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 938 |  |  | 938
Total IBLOC |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 548,134 |  |  | 548,134
Advisor financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 84,414 |  |  | 84,908 |  |  | 54,064 |  |  | 22,560 |  |  | 18,588 |  |  | — |  |  | — |  |  | 264,534
Special mention |  |  | — |  |  | — |  |  | 1,021 |  |  | 8,341 |  |  | — |  |  | — |  |  | — |  |  | 9,362
Total advisor financing |  |  | 84,414 |  |  | 84,908 |  |  | 55,085 |  |  | 30,901 |  |  | 18,588 |  |  | — |  |  | — |  |  | 273,896
Real estate bridge loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 432,609 |  |  | 418,326 |  |  | 761,331 |  |  | 278,031 |  |  | — |  |  | — |  |  | — |  |  | 1,890,297
Special mention(1) |  |  | 16,913 |  |  | — |  |  | 36,318 |  |  | 31,153 |  |  | — |  |  | — |  |  | — |  |  | 84,384
Substandard(1) |  |  | 54,485 |  |  | — |  |  | 55,947 |  |  | 23,928 |  |  | — |  |  | — |  |  | — |  |  | 134,360
Total real estate bridge lending |  |  | 504,007 |  |  | 418,326 |  |  | 853,596 |  |  | 333,112 |  |  | — |  |  | — |  |  | — |  |  | 2,109,041
Other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  |  | 455,331 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,394 |  |  | — |  |  | 465,725
Pass |  |  | 66,267 |  |  | 163 |  |  | 256 |  |  | 351 |  |  | 2,606 |  |  | 37,133 |  |  | 1,381 |  |  | 108,157
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 232 |  |  | — |  |  | 232
Substandard |  |  | 213 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 213
Total other loans(2) |  |  | 521,811 |  |  | 163 |  |  | 256 |  |  | 351 |  |  | 2,606 |  |  | 47,759 |  |  | 1,381 |  |  | 574,327
|  | $ | 1,592,437 |  | $ | 881,604 |  | $ | 1,219,932 |  | $ | 527,721 |  | $ | 101,786 |  | $ | 211,412 |  | $ | 1,565,399 |  | $ | 6,100,291
Unamortized loan fees and costs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,337
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,113,628
(1) For the special mention and substandard real estate bridge loans, recent appraisals reflect a respective weighted average “as is” LTV of 77% and a further estimated 68% “as stabilized” LTV. The “as stabilized” LTV reflects the third-party appraiser’s estimate of value after rehabilitation is complete. The special mention and substandard real estate bridge loans shown in 2024 reflected loans to new borrowers with greater financial capacity, with their original financing in the 2021 and 2022 vintages. (2) Included in Other loans are $8.6 million of SBA loans purchased for Community Reinvestment Act (“CRA”) purposes as of December 31, 2024. These loans are classified as SBL in the Company’s loan table, which classifies loans by type, as opposed to risk characteristics.
As of December 31, 2023 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving loans at amortized cost |  | Total
SBL non real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  | $ | 507 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 507
Pass |  |  | 47,066 |  |  | 32,512 |  |  | 26,919 |  |  | 9,662 |  |  | 4,334 |  |  | 5,357 |  |  | — |  |  | 125,850
Special mention |  |  | 460 |  |  | — |  |  | 258 |  |  | 1,101 |  |  | 119 |  |  | 337 |  |  | — |  |  | 2,275
Substandard |  |  | — |  |  | 495 |  |  | 632 |  |  | 564 |  |  | 250 |  |  | 562 |  |  | — |  |  | 2,503
Total SBL non-real estate |  |  | 48,033 |  |  | 33,007 |  |  | 27,809 |  |  | 11,327 |  |  | 4,703 |  |  | 6,256 |  |  | — |  |  | 131,135
SBL commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 128,375 |  |  | 138,281 |  |  | 93,399 |  |  | 67,635 |  |  | 58,550 |  |  | 98,704 |  |  | — |  |  | 584,944
Special mention |  |  | 375 |  |  | — |  |  | 10,764 |  |  | — |  |  | 595 |  |  | 1,363 |  |  | — |  |  | 13,097
Substandard |  |  | — |  |  | — |  |  | — |  |  | 452 |  |  | 1,853 |  |  | 1,928 |  |  | — |  |  | 4,233
Total SBL commercial mortgage |  |  | 128,750 |  |  | 138,281 |  |  | 104,163 |  |  | 68,087 |  |  | 60,998 |  |  | 101,995 |  |  | — |  |  | 602,274
SBL construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 2,848 |  |  | 5,966 |  |  | 1,877 |  |  | 927 |  |  | 4,534 |  |  | — |  |  | — |  |  | 16,152
Special mention |  |  | — |  |  | — |  |  | 3,090 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,090
Substandard |  |  | — |  |  | — |  |  | 2,675 |  |  | — |  |  | — |  |  | 710 |  |  | — |  |  | 3,385
Total SBL construction |  |  | 2,848 |  |  | 5,966 |  |  | 7,642 |  |  | 927 |  |  | 4,534 |  |  | 710 |  |  | — |  |  | 22,627
|  |  | . |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct lease financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  |  | 1,273 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,273
Pass |  |  | 302,362 |  |  | 221,768 |  |  | 92,945 |  |  | 37,664 |  |  | 17,469 |  |  | 4,349 |  |  | — |  |  | 676,557
Special mention |  |  | — |  |  | 666 |  |  | 202 |  |  | 125 |  |  | 146 |  |  | — |  |  | — |  |  | 1,139
Substandard |  |  | 135 |  |  | 3,898 |  |  | 1,998 |  |  | 372 |  |  | 184 |  |  | 101 |  |  | — |  |  | 6,688
Total direct lease financing |  |  | 303,770 |  |  | 226,332 |  |  | 95,145 |  |  | 38,161 |  |  | 17,799 |  |  | 4,450 |  |  | — |  |  | 685,657
SBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,261 |  |  | 3,261
Pass |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 977,158 |  |  | 977,158
Total SBLOC |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 980,419 |  |  | 980,419
IBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 646,230 |  |  | 646,230
Substandard |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 636 |  |  | 636
Total IBLOC |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 646,866 |  |  | 646,866
Advisor financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 92,273 |  |  | 63,083 |  |  | 40,994 |  |  | 24,321 |  |  | — |  |  | — |  |  | — |  |  | 220,671
Special mention |  |  | — |  |  | — |  |  | — |  |  | 941 |  |  | — |  |  | — |  |  | — |  |  | 941
Total advisor financing |  |  | 92,273 |  |  | 63,083 |  |  | 40,994 |  |  | 25,262 |  |  | — |  |  | — |  |  | — |  |  | 221,612
Real estate bridge loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 397,073 |  |  | 1,013,199 |  |  | 461,474 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,871,746
Special mention |  |  | — |  |  | 59,423 |  |  | 16,913 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 76,336
Substandard |  |  | — |  |  | — |  |  | 51,700 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 51,700
Total real estate bridge lending |  |  | 397,073 |  |  | 1,072,622 |  |  | 530,087 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,999,782
Other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-rated |  |  | 2,555 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,513 |  |  | — |  |  | 14,068
Pass |  |  | 165 |  |  | 260 |  |  | 363 |  |  | 2,609 |  |  | 2,314 |  |  | 40,101 |  |  | 1,593 |  |  | 47,405
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 362 |  |  | — |  |  | 362
Substandard |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 132 |  |  | — |  |  | 132
Total other loans(1) |  |  | 2,720 |  |  | 260 |  |  | 363 |  |  | 2,609 |  |  | 2,314 |  |  | 52,108 |  |  | 1,593 |  |  | 61,967
Total |  | $ | 975,467 |  | $ | 1,539,551 |  | $ | 806,203 |  | $ | 146,373 |  | $ | 90,348 |  | $ | 165,519 |  | $ | 1,628,878 |  | $ | 5,352,339
Unamortized loan fees and costs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,800
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,361,139
(1) Included in Other loans are $11.3 million of SBA loans purchased for CRA purposes as of December 31, 2023. These loans are classified as SBL in the Company’s loan table, which classifies loans by type, as opposed to risk characteristics.
Changes In Allowance For Loan And Lease Losses By Loan Category |
|  | December 31, 2024
|  | SBL non-real estate |  | SBL commercial mortgage |  | SBL construction |  | Direct lease financing |  | SBLOC / IBLOC |  | Advisor financing |  | Real estate bridge lending |  | Consumer fintech |  | Other loans |  | Deferred fees and costs |  | Total
Beginning balance 1/1/2024 |  | $ | 6,059 |  | $ | 2,820 |  | $ | 285 |  | $ | 10,454 |  | $ | 813 |  | $ | 1,662 |  | $ | 4,740 |  | $ | — |  | $ | 545 |  | $ | — |  | $ | 27,378
Charge-offs(1) |  |  | (708) |  |  | — |  |  | — |  |  | (4,575) |  |  | — |  |  | — |  |  | — |  |  | (19,619) |  |  | (18) |  |  | — |  |  | (24,920)
Recoveries |  |  | 229 |  |  | — |  |  | — |  |  | 318 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 548
Provision (credit)(1) |  |  | (608) |  |  | 383 |  |  | 57 |  |  | 6,928 |  |  | 382 |  |  | 392 |  |  | 1,863 |  |  | 19,619 |  |  | (78) |  |  | — |  |  | 28,938
Ending balance |  | $ | 4,972 |  | $ | 3,203 |  | $ | 342 |  | $ | 13,125 |  | $ | 1,195 |  | $ | 2,054 |  | $ | 6,603 |  | $ | — |  | $ | 450 |  | $ | — |  | $ | 31,944
Ending balance: Individually evaluated for expected credit loss |  | $ | 403 |  | $ | 1,039 |  | $ | 118 |  | $ | 2,377 |  | $ | 413 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,350
Ending balance: Collectively evaluated for expected credit loss |  | $ | 4,569 |  | $ | 2,164 |  | $ | 224 |  | $ | 10,748 |  | $ | 782 |  | $ | 2,054 |  | $ | 6,603 |  | $ | — |  | $ | 450 |  | $ | — |  | $ | 27,594
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 190,322 |  | $ | 662,091 |  | $ | 34,685 |  | $ | 700,553 |  | $ | 1,564,018 |  | $ | 273,896 |  | $ | 2,109,041 |  | $ | 454,357 |  | $ | 111,328 |  | $ | 13,337 |  | $ | 6,113,628
Ending balance: Individually evaluated for expected credit loss |  | $ | 2,693 |  | $ | 4,885 |  | $ | 1,585 |  | $ | 6,026 |  | $ | 503 |  | $ | — |  | $ | 12,300 |  | $ | — |  | $ | 219 |  | $ | — |  | $ | 28,211
Ending balance: Collectively evaluated for expected credit loss |  | $ | 187,629 |  | $ | 657,206 |  | $ | 33,100 |  | $ | 694,527 |  | $ | 1,563,515 |  | $ | 273,896 |  | $ | 2,096,741 |  | $ | 454,357 |  | $ | 111,109 |  | $ | 13,337 |  | $ | 6,085,417
(1) Lending agreements related to consumer fintech loans had certain provisions accounted for as freestanding credit enhancements which resulted in the company recording a $19.6 million provision for credit losses and a correlated amount in non-interest income resulting in no impact to net income.
|  | December 31, 2023
|  | SBL non-real estate |  | SBL commercial mortgage |  | SBL construction |  | Direct lease financing |  | SBLOC / IBLOC |  | Advisor financing |  | Real estate bridge lending |  | Other loans |  | Deferred fees and costs |  | Total
Beginning balance 1/1/2023 |  | $ | 5,028 |  | $ | 2,585 |  | $ | 565 |  | $ | 7,972 |  | $ | 1,167 |  | $ | 1,293 |  | $ | 3,121 |  | $ | 643 |  | $ | — |  | $ | 22,374
Charge-offs |  |  | (871) |  |  | (76) |  |  | — |  |  | (3,666) |  |  | (24) |  |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (4,640)
Recoveries |  |  | 475 |  |  | 75 |  |  | — |  |  | 330 |  |  | — |  |  | — |  |  | — |  |  | 299 |  |  | — |  |  | 1,179
Provision (credit) |  |  | 1,427 |  |  | 236 |  |  | (280) |  |  | 5,818 |  |  | (330) |  |  | 369 |  |  | 1,619 |  |  | (394) |  |  | — |  |  | 8,465
Ending balance |  | $ | 6,059 |  | $ | 2,820 |  | $ | 285 |  | $ | 10,454 |  | $ | 813 |  | $ | 1,662 |  | $ | 4,740 |  | $ | 545 |  | $ | — |  | $ | 27,378
Ending balance: Individually evaluated for expected credit loss |  | $ | 670 |  | $ | 343 |  | $ | 44 |  | $ | 1,827 |  | $ | — |  | $ | — |  | $ | — |  | $ | 4 |  | $ | — |  | $ | 2,888
Ending balance: Collectively evaluated for expected credit loss |  | $ | 5,389 |  | $ | 2,477 |  | $ | 241 |  | $ | 8,627 |  | $ | 813 |  | $ | 1,662 |  | $ | 4,740 |  | $ | 541 |  | $ | — |  | $ | 24,490
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 137,752 |  | $ | 606,986 |  | $ | 22,627 |  | $ | 685,657 |  | $ | 1,627,285 |  | $ | 221,612 |  | $ | 1,999,782 |  | $ | 50,638 |  | $ | 8,800 |  | $ | 5,361,139
Ending balance: Individually evaluated for expected credit loss |  | $ | 1,919 |  | $ | 2,381 |  | $ | 3,385 |  | $ | 3,785 |  | $ | — |  | $ | — |  | $ | — |  | $ | 362 |  | $ | — |  | $ | 11,832
Ending balance: Collectively evaluated for expected credit loss |  | $ | 135,833 |  | $ | 604,605 |  | $ | 19,242 |  | $ | 681,872 |  | $ | 1,627,285 |  | $ | 221,612 |  | $ | 1,999,782 |  | $ | 50,276 |  | $ | 8,800 |  | $ | 5,349,307
|  | December 31, 2022
|  | SBL non-real estate |  | SBL commercial mortgage |  | SBL construction |  | Direct lease financing |  | SBLOC / IBLOC |  | Advisor financing |  | Real estate bridge lending |  | Other loans |  | Deferred fees and costs |  | Total
Beginning balance 1/1/2022 |  | $ | 5,415 |  | $ | 2,952 |  | $ | 432 |  | $ | 5,817 |  | $ | 964 |  | $ | 868 |  | $ | 1,181 |  | $ | 177 |  | $ | — |  | $ | 17,806
Charge-offs |  |  | (885) |  |  | — |  |  | — |  |  | (576) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,461)
Recoveries |  |  | 140 |  |  | — |  |  | — |  |  | 124 |  |  | — |  |  | — |  |  | — |  |  | 24 |  |  | — |  |  | 288
Provision (credit) |  |  | 358 |  |  | (367) |  |  | 133 |  |  | 2,607 |  |  | 203 |  |  | 425 |  |  | 1,940 |  |  | 442 |  |  | — |  |  | 5,741
Ending balance |  | $ | 5,028 |  | $ | 2,585 |  | $ | 565 |  | $ | 7,972 |  | $ | 1,167 |  | $ | 1,293 |  | $ | 3,121 |  | $ | 643 |  | $ | — |  | $ | 22,374
Ending balance: Individually evaluated for expected credit loss |  | $ | 525 |  | $ | 441 |  | $ | 153 |  | $ | 933 |  | $ | — |  | $ | — |  | $ | — |  | $ | 15 |  | $ | — |  | $ | 2,067
Ending balance: Collectively evaluated for expected credit loss |  | $ | 4,503 |  | $ | 2,144 |  | $ | 412 |  | $ | 7,039 |  | $ | 1,167 |  | $ | 1,293 |  | $ | 3,121 |  | $ | 628 |  | $ | — |  | $ | 20,307
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 108,954 |  | $ | 474,496 |  | $ | 30,864 |  | $ | 632,160 |  | $ | 2,332,469 |  | $ | 172,468 |  | $ | 1,669,031 |  | $ | 61,679 |  | $ | 4,732 |  | $ | 5,486,853
Ending balance: Individually evaluated for expected credit loss |  | $ | 1,374 |  | $ | 1,423 |  | $ | 3,386 |  | $ | 3,550 |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,539 |  | $ | — |  | $ | 14,272
Ending balance: Collectively evaluated for expected credit loss |  | $ | 107,580 |  | $ | 473,073 |  | $ | 27,478 |  | $ | 628,610 |  | $ | 2,332,469 |  | $ | 172,468 |  | $ | 1,669,031 |  | $ | 57,140 |  | $ | 4,732 |  | $ | 5,472,581
Schedule Of Net Charge-offs, Classified By Year Of The Loan Origination | A summary of the Company’s 2024 net charge-offs, classified by the year of the related loan origination, is as follows (dollars in thousands):
As of December 31, 2024 |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total
SBL non-real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  | $ | (14) |  | $ | (53) |  | $ | (149) |  | $ | (101) |  | $ | (320) |  | $ | (71) |  | $ | (708)
Current period recoveries |  |  | — |  |  | 7 |  |  | — |  |  | 7 |  |  | 63 |  |  | 152 |  |  | 229
Current period SBL non-real estate net charge-offs |  |  | (14) |  |  | (46) |  |  | (149) |  |  | (94) |  |  | (257) |  |  | 81 |  |  | (479)
SBL commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period SBL commercial mortgage net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
SBL construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period SBL construction net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Direct lease financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | (3) |  |  | (744) |  |  | (2,739) |  |  | (1,015) |  |  | (61) |  |  | (13) |  |  | (4,575)
Current period recoveries |  |  | — |  |  | 39 |  |  | 177 |  |  | 85 |  |  | 8 |  |  | 9 |  |  | 318
Current period direct lease financing net charge-offs |  |  | (3) |  |  | (705) |  |  | (2,562) |  |  | (930) |  |  | (53) |  |  | (4) |  |  | (4,257)
SBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period SBLOC net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
IBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period IBLOC net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Advisor financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period advisor financing net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Real estate bridge loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period real estate bridge loans net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | (19,619) |  |  | (6) |  |  | — |  |  | — |  |  | — |  |  | (12) |  |  | (19,637)
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1
Current period other loans net charge-offs |  |  | (19,619) |  |  | (6) |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | (19,636)
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | (19,636) |  |  | (803) |  |  | (2,888) |  |  | (1,116) |  |  | (381) |  |  | (96) |  |  | (24,920)
Current period recoveries |  |  | — |  |  | 46 |  |  | 177 |  |  | 92 |  |  | 71 |  |  | 162 |  |  | 548
Current period net charge-offs |  | $ | (19,636) |  | $ | (757) |  | $ | (2,711) |  | $ | (1,024) |  | $ | (310) |  | $ | 66 |  | $ | (24,372)
A summary of the Company’s 2023 net charge-offs, classified by the year of the related loan origination, is as follows (dollars in thousands):
As of December 31, 2023 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Total
SBL non-real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | (871) |  | $ | (871)
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 475 |  |  | 475
Current period SBL non-real estate net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (396) |  |  | (396)
SBL commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (76) |  |  | (76)
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 75 |  |  | 75
Current period SBL commercial mortgage net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | (1)
SBL construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period SBL construction net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Direct lease financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | (138) |  |  | (2,138) |  |  | (1,117) |  |  | (234) |  |  | (39) |  |  | — |  |  | (3,666)
Current period recoveries |  |  | — |  |  | 48 |  |  | 168 |  |  | 96 |  |  | — |  |  | 18 |  |  | 330
Current period direct lease financing net charge-offs |  |  | (138) |  |  | (2,090) |  |  | (949) |  |  | (138) |  |  | (39) |  |  | 18 |  |  | (3,336)
SBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period SBLOC net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
IBLOC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | (12) |  |  | (12) |  |  | — |  |  | — |  |  | — |  |  | (24)
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period IBLOC net charge-offs |  |  | — |  |  | (12) |  |  | (12) |  |  | — |  |  | — |  |  | — |  |  | (24)
Advisor financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period advisor financing net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Real estate bridge loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Current period real estate bridge loans net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | (3)
Current period recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 299 |  |  | 299
Current period other loans net charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 296 |  |  | 296
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period charge-offs |  |  | (138) |  |  | (2,150) |  |  | (1,129) |  |  | (234) |  |  | (39) |  |  | (950) |  |  | (4,640)
Current period recoveries |  |  | — |  |  | 48 |  |  | 168 |  |  | 96 |  |  | — |  |  | 867 |  |  | 1,179
Current period net charge-offs |  | $ | (138) |  | $ | (2,102) |  | $ | (961) |  | $ | (138) |  | $ | (39) |  | $ | (83) |  | $ | (3,461)
Scheduled Undiscounted Cash Flows Of Direct Financing Leases |
2025 |  | $ | 216,481
2026 |  |  | 160,674
2027 |  |  | 125,350
2028 |  |  | 56,851
2029 |  |  | 18,977
2030 and thereafter |  |  | 3,006
Total undiscounted cash flows |  |  | 581,339
Residual value(1) |  |  | 220,342
Difference between undiscounted cash flows and discounted cash flows |  |  | (101,128)
Present value of lease payments recorded as lease receivables |  | $ | 700,553
(1) Of the $220,342,000, $48,295,000 is not guaranteed by the lessee or other guarantors.
Delinquent Loans By Loan Category |
|  | December 31, 2024
|  | 30-59 days |  | 60-89 days |  | 90+ days |  |  |  | Total past due |  |  |  | Total
|  | past due |  | past due |  | still accruing |  | Non-accrual |  | and non-accrual |  | Current |  | loans
SBL non-real estate |  | $ | 229 |  | $ | — |  | $ | 871 |  | $ | 2,635 |  | $ | 3,735 |  | $ | 186,587 |  | $ | 190,322
SBL commercial mortgage |  |  | — |  |  | — |  |  | 336 |  |  | 4,885 |  |  | 5,221 |  |  | 656,870 |  |  | 662,091
SBL construction |  |  | — |  |  | — |  |  | — |  |  | 1,585 |  |  | 1,585 |  |  | 33,100 |  |  | 34,685
Direct lease financing |  |  | 7,069 |  |  | 1,923 |  |  | 1,088 |  |  | 6,026 |  |  | 16,106 |  |  | 684,447 |  |  | 700,553
SBLOC / IBLOC |  |  | 20,991 |  |  | 1,808 |  |  | 3,322 |  |  | 503 |  |  | 26,624 |  |  | 1,537,394 |  |  | 1,564,018
Advisor financing |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 273,896 |  |  | 273,896
Real estate bridge lending(1) |  |  | — |  |  | — |  |  | — |  |  | 12,300 |  |  | 12,300 |  |  | 2,096,741 |  |  | 2,109,041
Consumer fintech |  |  | 13,419 |  |  | 681 |  |  | 213 |  |  | — |  |  | 14,313 |  |  | 440,044 |  |  | 454,357
Other loans |  |  | 49 |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | 111,279 |  |  | 111,328
Unamortized loan fees and costs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,337 |  |  | 13,337
|  | $ | 41,757 |  | $ | 4,412 |  | $ | 5,830 |  | $ | 27,934 |  | $ | 79,933 |  | $ | 6,033,695 |  | $ | 6,113,628
|  | December 31, 2023
|  | 30-59 days |  | 60-89 days |  | 90+ days |  |  |  | Total past due |  |  |  | Total
|  | past due |  | past due |  | still accruing |  | Non-accrual |  | and non-accrual |  | Current |  | loans
SBL non-real estate |  | $ | 84 |  | $ | 333 |  | $ | 336 |  | $ | 1,842 |  | $ | 2,595 |  | $ | 135,157 |  | $ | 137,752
SBL commercial mortgage |  |  | 2,183 |  |  | — |  |  | — |  |  | 2,381 |  |  | 4,564 |  |  | 602,422 |  |  | 606,986
SBL construction |  |  | — |  |  | — |  |  | — |  |  | 3,385 |  |  | 3,385 |  |  | 19,242 |  |  | 22,627
Direct lease financing |  |  | 5,163 |  |  | 1,209 |  |  | 485 |  |  | 3,785 |  |  | 10,642 |  |  | 675,015 |  |  | 685,657
SBLOC / IBLOC |  |  | 21,934 |  |  | 3,607 |  |  | 745 |  |  | — |  |  | 26,286 |  |  | 1,600,999 |  |  | 1,627,285
Advisor financing |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 221,612 |  |  | 221,612
Real estate bridge lending |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,999,782 |  |  | 1,999,782
Consumer fintech |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Other loans |  |  | 853 |  |  | 76 |  |  | 178 |  |  | 132 |  |  | 1,239 |  |  | 49,399 |  |  | 50,638
Unamortized loan fees and costs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,800 |  |  | 8,800
|  | $ | 30,217 |  | $ | 5,225 |  | $ | 1,744 |  | $ | 11,525 |  | $ | 48,711 |  | $ | 5,312,428 |  | $ | 5,361,139
(1) The $12.3 million shown in the non-accrual column for real estate bridge loans was repaid on January 2, 2025 without loss of principal. The table above does not include an $11.2 million loan accounted for at fair value, and, as such, not reflected in delinquency tables. In third quarter 2024, the borrower notified the Company that he would no longer be making payments on the loan, which is collateralized by a vacant retail property. Based upon a July 2024 appraisal, the “as is” LTV is 84% and the “as stabilized” LTV is 62%. Since 2021, real estate bridge lending originations have consisted of apartment buildings, while this loan was originated previously. In January 2025, two loans totaling $9.8 million were transferred to non-accrual and were accordingly classified as substandard.

X
- Definition Summary of Financial Effect of Modifications to Troubled Borrowers. + References No definition available. + Details
Name: | tbbk_SummaryOfFinancialEffectOfModificationsToTroubledBorrowers
Namespace Prefix: | tbbk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Gross Loans Held For Investment By Year Of Origination And Internally Assigned Credit Grade [Table Text Block] + References No definition available. + Details
Name: | tbbk_SummaryOfGrossLoansHeldForInvestmentByYearOfOriginationAndInternallyAssignedCreditGradeTableTextBlock
Namespace Prefix: | tbbk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Loans Modified And Related Information [Table Text Block] + References No definition available. + Details
Name: | tbbk_SummaryOfLoansModifiedAndRelatedInformationTableTextBlock
Namespace Prefix: | tbbk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Non-Accrual Loans With And Without Allowance For Credit Losses [Table Text Block] + References No definition available. + Details
Name: | tbbk_SummaryOfNonAccrualLoansWithAndWithoutAllowanceForCreditLossesTableTextBlock
Namespace Prefix: | tbbk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Restructured Loans During Twelve Months [Table Text Block] + References No definition available. + Details
Name: | tbbk_SummaryOfRestructuredLoansDuringTwelveMonths
Namespace Prefix: | tbbk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of lease income from direct financing lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_DirectFinancingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration