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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) | 9 Months Ended
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Sep. 30, 2019
Receivables [Abstract] |
Loans and Leases Receivable | The following table presents the balances in the Company’s loan portfolios as of the dates indicated:
($ in thousands) |  | September 30, 2019 |  | December 31, 2018
Commercial: |  |  |  |
Commercial and industrial |  | $ | 1,789,478 |  |  | $ | 1,944,142 |
Commercial real estate |  | 891,029 |  |  | 867,013 |
Multifamily |  | 1,563,757 |  |  | 2,241,246 |
SBA |  | 75,359 |  |  | 68,741 |
Construction |  | 228,561 |  |  | 203,976 |
Consumer: |  |  |  |
Single family residential mortgage |  | 1,775,953 |  |  | 2,305,490 |
Other consumer |  | 59,122 |  |  | 70,265 |
Total loans(1) |  | $ | 6,383,259 |  |  | $ | 7,700,873 |
Allowance for loan losses |  | (62,927 | ) |  | (62,192 | )
Loans receivable, net |  | $ | 6,320,332 |  |  | $ | 7,638,681 |
(1) Total loans include deferred loan origination costs/(fees) and premiums/(discounts), net of $15.3 million and $17.7 million, respectively, at September 30, 2019 and December 31, 2018.
Non Traditional Mortgages Portfolio | The following table presents the composition of the NTM portfolio as of the dates indicated:
|  | September 30, 2019 |  | December 31, 2018
($ in thousands) |  | Count |  | Amount |  | Percent |  | Count |  | Amount |  | Percent
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |
Green Loans (HELOC) - first liens(1) |  | 76 |  |  | $ | 59,538 |  |  | 9.1 | % |  | 88 |  |  | $ | 67,729 |  |  | 8.2 | %
Interest-only - first liens(2) |  | 409 |  |  | 588,567 |  |  | 90.1 | % |  | 519 |  |  | 753,061 |  |  | 91.1 | %
Negative amortization(3) |  | 9 |  |  | 3,062 |  |  | 0.5 | % |  | 11 |  |  | 3,528 |  |  | 0.4 | %
Total NTM - first liens |  | 494 |  |  | 651,167 |  |  | 99.6 | % |  | 618 |  |  | 824,318 |  |  | 99.7 | %
Other consumer: |  |  |  |  |  |  |  |  |  |  |  |
Green Loans (HELOC) - second liens(1) |  | 7 |  |  | 2,308 |  |  | 0.4 | % |  | 10 |  |  | 2,413 |  |  | 0.3 | %
Total NTM - second liens |  | 7 |  |  | 2,308 |  |  | 0.4 | % |  | 10 |  |  | 2,413 |  |  | 0.3 | %
Total NTM loans |  | 501 |  |  | $ | 653,475 |  |  | 100.0 | % |  | 628 |  |  | $ | 826,731 |  |  | 100.0 | %
Total loans receivable |  |  |  | $ | 6,383,259 |  |  |  |  |  |  | $ | 7,700,873 |  |  |
% of total NTM loans to total loans receivable |  |  |  | 10.2 | % |  |  |  |  |  | 10.7 | % |  |
Allowance for Loan and Lease Losses and Recorded Investment, Excluding Accrued Interest, in Loans | The following table presents a summary of activity in the ALLL for the periods indicated:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Balance at beginning of period |  | $ | 59,523 |  |  | $ | 56,678 |  |  | $ | 62,192 |  |  | $ | 49,333 |
Loans charged off |  | (35,546 | ) |  | (388 | ) |  | (39,060 | ) |  | (15,977 | )
Recoveries of loans previously charged off |  | 410 |  |  | 82 |  |  | 730 |  |  | 864 |
Net charge-offs |  | (35,136 | ) |  | (306 | ) |  | (38,330 | ) |  | (15,113 | )
Provision for loan losses |  | 38,540 |  |  | 1,410 |  |  | 39,065 |  |  | 23,562 |
Balance at end of period |  | $ | 62,927 |  |  | $ | 57,782 |  |  | $ | 62,927 |  |  | $ | 57,782 |
The following table presents the activity and balance in the ALLL and the recorded investment, excluding accrued interest, in loans based on the impairment methodology as of or for the three and nine months ended September 30, 2019:
($ in thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Multifamily |  | SBA |  | Construction |  | Lease Financing |  | Single Family Residential Mortgage |  | Other Consumer |  | Total
ALLL: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at June 30, 2019 |  | $ | 21,529 |  |  | $ | 6,877 |  |  | $ | 12,625 |  |  | $ | 3,120 |  |  | $ | 3,715 |  |  | $ | — |  |  | $ | 11,072 |  |  | $ | 585 |  |  | $ | 59,523 |
Charge-offs |  | (34,673 | ) |  | — |  |  | — |  |  | (738 | ) |  | — |  |  | — |  |  | (135 | ) |  | — |  |  | (35,546 | )
Recoveries |  | 59 |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 3 |  |  | — |  |  | 298 |  |  | 410 |
Net (charge-offs) recoveries |  | (34,614 | ) |  | — |  |  | — |  |  | (688 | ) |  | — |  |  | 3 |  |  | (135 | ) |  | 298 |  |  | (35,136 | )
Provision (reversal) |  | 37,660 |  |  | (298 | ) |  | (660 | ) |  | 1,686 |  |  | 165 |  |  | (3 | ) |  | 342 |  |  | (352 | ) |  | 38,540 |
Balance at September 30, 2019 |  | $ | 24,575 |  |  | $ | 6,579 |  |  | $ | 11,965 |  |  | $ | 4,118 |  |  | $ | 3,880 |  |  | $ | — |  |  | $ | 11,279 |  |  | $ | 531 |  |  | $ | 62,927 |
Balance at December 31, 2018 |  | $ | 18,191 |  |  | $ | 6,674 |  |  | $ | 17,970 |  |  | $ | 1,827 |  |  | $ | 3,461 |  |  | $ | — |  |  | $ | 13,128 |  |  | $ | 941 |  |  | $ | 62,192 |
Charge-offs |  | (36,788 | ) |  | — |  |  | (6 | ) |  | (1,086 | ) |  | — |  |  | — |  |  | (1,086 | ) |  | (94 | ) |  | (39,060 | )
Recoveries |  | 102 |  |  | — |  |  | — |  |  | 152 |  |  | — |  |  | 9 |  |  | 150 |  |  | 317 |  |  | 730 |
Net (charge-offs) recoveries |  | (36,686 | ) |  | — |  |  | (6 | ) |  | (934 | ) |  | — |  |  | 9 |  |  | (936 | ) |  | 223 |  |  | (38,330 | )
Provision (reversal) |  | 43,070 |  |  | (95 | ) |  | (5,999 | ) |  | 3,225 |  |  | 419 |  |  | (9 | ) |  | (913 | ) |  | (633 | ) |  | 39,065 |
Balance at September 30, 2019 |  | $ | 24,575 |  |  | $ | 6,579 |  |  | $ | 11,965 |  |  | $ | 4,118 |  |  | $ | 3,880 |  |  | $ | — |  |  | $ | 11,279 |  |  | $ | 531 |  |  | $ | 62,927 |
Individually evaluated for impairment |  | $ | 4,614 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,858 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 21 |  |  | $ | 7,493 |
Collectively evaluated for impairment |  | 19,961 |  |  | 6,579 |  |  | 11,965 |  |  | 1,260 |  |  | 3,880 |  |  | — |  |  | 11,279 |  |  | 510 |  |  | 55,434 |
Total ending ALLL balance |  | $ | 24,575 |  |  | $ | 6,579 |  |  | $ | 11,965 |  |  | $ | 4,118 |  |  | $ | 3,880 |  |  | $ | — |  |  | $ | 11,279 |  |  | $ | 531 |  |  | $ | 62,927 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 22,042 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,696 |  |  | $ | 2,519 |  |  | $ | — |  |  | $ | 20,641 |  |  | $ | 822 |  |  | $ | 51,720 |
Collectively evaluated for impairment |  | 1,767,436 |  |  | 891,029 |  |  | 1,563,757 |  |  | 69,663 |  |  | 226,042 |  |  | — |  |  | 1,755,312 |  |  | 58,300 |  |  | 6,331,539 |
Total ending loan balances |  | $ | 1,789,478 |  |  | $ | 891,029 |  |  | $ | 1,563,757 |  |  | $ | 75,359 |  |  | $ | 228,561 |  |  | $ | — |  |  | $ | 1,775,953 |  |  | $ | 59,122 |  |  | $ | 6,383,259 |
The following table presents the activity and balance in the ALLL and the recorded investment, excluding accrued interest, in loans based on the impairment methodology as of or for the three and nine months ended September 30, 2018:
($ in thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Multifamily |  | SBA |  | Construction |  | Lease Financing |  | Single Family Residential Mortgage |  | Other Consumer |  | Total
ALLL: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at June 30, 2018 |  | $ | 16,864 |  |  | $ | 5,732 |  |  | $ | 14,630 |  |  | $ | 1,840 |  |  | $ | 3,419 |  |  | $ | — |  |  | $ | 13,236 |  |  | $ | 957 |  |  | $ | 56,678 |
Charge-offs |  | (342 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (45 | ) |  | (1 | ) |  | (388 | )
Recoveries |  | 61 |  |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 3 |  |  | — |  |  | 10 |  |  | 82 |
Net (charge-offs) recoveries |  | (281 | ) |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 3 |  |  | (45 | ) |  | 9 |  |  | (306 | )
Provision (reversal) |  | (40 | ) |  | 280 |  |  | 843 |  |  | 22 |  |  | (172 | ) |  | (3 | ) |  | 407 |  |  | 73 |  |  | 1,410 |
Balance at September 30, 2018 |  | $ | 16,543 |  |  | $ | 6,012 |  |  | $ | 15,473 |  |  | $ | 1,870 |  |  | $ | 3,247 |  |  | $ | — |  |  | $ | 13,598 |  |  | $ | 1,039 |  |  | $ | 57,782 |
Balance at December 31, 2017 |  | $ | 14,280 |  |  | $ | 4,971 |  |  | $ | 13,265 |  |  | $ | 1,701 |  |  | $ | 3,318 |  |  | $ | — |  |  | $ | 10,996 |  |  | $ | 802 |  |  | $ | 49,333 |
Charge-offs |  | (689 | ) |  | — |  |  | (8 | ) |  | (683 | ) |  | — |  |  | — |  |  | (524 | ) |  | (14,073 | ) |  | (15,977 | )
Recoveries |  | 158 |  |  | — |  |  | — |  |  | 240 |  |  | — |  |  | 12 |  |  | 436 |  |  | 18 |  |  | 864 |
Net (charge-offs) recoveries |  | (531 | ) |  | — |  |  | (8 | ) |  | (443 | ) |  | — |  |  | 12 |  |  | (88 | ) |  | (14,055 | ) |  | (15,113 | )
Provision (reversal) |  | 2,794 |  |  | 1,041 |  |  | 2,216 |  |  | 612 |  |  | (71 | ) |  | (12 | ) |  | 2,690 |  |  | 14,292 |  |  | 23,562 |
Balance at September 30, 2018 |  | $ | 16,543 |  |  | $ | 6,012 |  |  | $ | 15,473 |  |  | $ | 1,870 |  |  | $ | 3,247 |  |  | $ | — |  |  | $ | 13,598 |  |  | $ | 1,039 |  |  | $ | 57,782 |
Individually evaluated for impairment |  | $ | 122 |  |  | $ | — |  |  | $ | — |  |  | $ | 133 |  |  | $ | — |  |  | $ | — |  |  | $ | 640 |  |  | $ | 7 |  |  | $ | 902 |
Collectively evaluated for impairment |  | 16,421 |  |  | 6,012 |  |  | 15,473 |  |  | 1,737 |  |  | 3,247 |  |  | — |  |  | 12,958 |  |  | 1,032 |  |  | 56,880 |
Total ending ALLL balance |  | $ | 16,543 |  |  | $ | 6,012 |  |  | $ | 15,473 |  |  | $ | 1,870 |  |  | $ | 3,247 |  |  | $ | — |  |  | $ | 13,598 |  |  | $ | 1,039 |  |  | $ | 57,782 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 5,614 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,834 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,364 |  |  | $ | 739 |  |  | $ | 30,551 |
Collectively evaluated for impairment |  | 1,667,441 |  |  | 823,193 |  |  | 2,112,190 |  |  | 69,660 |  |  | 200,294 |  |  | — |  |  | 2,277,705 |  |  | 72,259 |  |  | 7,222,742 |
Total ending loan balances |  | $ | 1,673,055 |  |  | $ | 823,193 |  |  | $ | 2,112,190 |  |  | $ | 71,494 |  |  | $ | 200,294 |  |  | $ | — |  |  | $ | 2,300,069 |  |  | $ | 72,998 |  |  | $ | 7,253,293 |
Loans and Leases Individually Evaluated for Impairment by Class of Loans and Leases | The following table presents loans individually evaluated for impairment by class of loans as of the dates indicated. The recorded investment, excluding accrued interest, presents customer balances net of any partial charge-offs recognized on the loans and net of any deferred fees and costs and any purchase premium or discount.
|  | September 30, 2019 |  | December 31, 2018
($ in thousands) |  | Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses |  | Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses
With no related ALLL recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 1,749 |  |  | $ | 1,738 |  |  | $ | — |  |  | $ | 5,491 |  |  | $ | 5,455 |  |  | $ | — |
Commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
SBA |  | 1,387 |  |  | 1,321 |  |  | — |  |  | 1,668 |  |  | 1,588 |  |  | — |
Construction |  | 2,519 |  |  | 2,519 |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 20,544 |  |  | 20,641 |  |  | — |  |  | 12,115 |  |  | 12,161 |  |  | — |
Other consumer |  | 821 |  |  | 801 |  |  | — |  |  | 469 |  |  | 469 |  |  | — |
With an ALLL recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 20,310 |  |  | 20,304 |  |  | 4,614 |  |  | — |  |  | — |  |  | — |
SBA |  | 4,572 |  |  | 4,375 |  |  | 2,858 |  |  | 823 |  |  | 788 |  |  | 562 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | — |  |  | — |  |  | — |  |  | 5,993 |  |  | 6,032 |  |  | 161 |
Other consumer |  | 21 |  |  | 21 |  |  | 21 |  |  | 468 |  |  | 452 |  |  | 106 |
Total |  | $ | 51,923 |  |  | $ | 51,720 |  |  | $ | 7,493 |  |  | $ | 27,027 |  |  | $ | 26,945 |  |  | $ | 829 |
The following table presents information on impaired loans, disaggregated by class, for the periods indicated:
|  | Three Months Ended |  | Nine Months Ended
($ in thousands) |  | Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Recognized |  | Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Recognized
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 22,619 |  |  | $ | 40 |  |  | $ | 32 |  |  | $ | 16,154 |  |  | $ | 295 |  |  | $ | 286 |
Commercial real estate |  | — |  |  | — |  |  | — |  |  | 193 |  |  | — |  |  | — |
SBA |  | 5,843 |  |  | 4 |  |  | 4 |  |  | 4,328 |  |  | 12 |  |  | 12 |
Construction |  | 2,519 |  |  | — |  |  | — |  |  | 2,519 |  |  | — |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 20,706 |  |  | 59 |  |  | 53 |  |  | 20,374 |  |  | 175 |  |  | 150 |
Other consumer |  | 827 |  |  | 3 |  |  | 4 |  |  | 950 |  |  | 10 |  |  | 10 |
Total |  | $ | 52,514 |  |  | $ | 106 |  |  | $ | 93 |  |  | $ | 44,518 |  |  | $ | 492 |  |  | $ | 458 |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 5,423 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,552 |  |  | $ | 4 |  |  | $ | 4 |
SBA |  | 1,240 |  |  | — |  |  | — |  |  | 756 |  |  | — |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 20,908 |  |  | 60 |  |  | 50 |  |  | 20,299 |  |  | 175 |  |  | 146 |
Other consumer |  | 744 |  |  | 3 |  |  | 4 |  |  | 751 |  |  | 9 |  |  | 9 |
Total |  | $ | 28,315 |  |  | $ | 63 |  |  | $ | 54 |  |  | $ | 27,358 |  |  | $ | 188 |  |  | $ | 159 |
Aging of Recorded Investment in Past Due Loans and Leases | The following table presents the aging of the recorded investment in past due loans, excluding accrued interest receivable (which is not considered to be material), by class of loans as of dates indicated:
($ in thousands) |  | 30 - 59 Days Past Due |  | 60 - 89 Days Past Due |  | Greater than 89 Days Past due |  | Total Past Due |  | Current |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
NTM loans: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | $ | 9,821 |  |  | $ | 11,112 |  |  | $ | 827 |  |  | $ | 21,760 |  |  | $ | 629,407 |  |  | $ | 651,167 |
Other consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,308 |  |  | 2,308 |
Total NTM loans |  | 9,821 |  |  | 11,112 |  |  | 827 |  |  | 21,760 |  |  | 631,715 |  |  | 653,475 |
Traditional loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 776 |  |  | 2,890 |  |  | 1,577 |  |  | 5,243 |  |  | 1,784,235 |  |  | 1,789,478 |
Commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 891,029 |  |  | 891,029 |
Multifamily |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,563,757 |  |  | 1,563,757 |
SBA |  | 377 |  |  | 230 |  |  | 1,762 |  |  | 2,369 |  |  | 72,990 |  |  | 75,359 |
Construction |  | — |  |  | — |  |  | 2,519 |  |  | 2,519 |  |  | 226,042 |  |  | 228,561 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 11,999 |  |  | 1,370 |  |  | 10,318 |  |  | 23,687 |  |  | 1,101,099 |  |  | 1,124,786 |
Other consumer |  | 547 |  |  | — |  |  | 217 |  |  | 764 |  |  | 56,050 |  |  | 56,814 |
Total traditional loans |  | 13,699 |  |  | 4,490 |  |  | 16,393 |  |  | 34,582 |  |  | 5,695,202 |  |  | 5,729,784 |
Total |  | $ | 23,520 |  |  | $ | 15,602 |  |  | $ | 17,220 |  |  | $ | 56,342 |  |  | $ | 6,326,917 |  |  | $ | 6,383,259 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
NTM loans: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | $ | 7,430 |  |  | $ | 617 |  |  | $ | — |  |  | $ | 8,047 |  |  | $ | 816,271 |  |  | $ | 824,318 |
Other consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,413 |  |  | 2,413 |
Total NTM loans |  | 7,430 |  |  | 617 |  |  | — |  |  | 8,047 |  |  | 818,684 |  |  | 826,731 |
Traditional loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 350 |  |  | 1,596 |  |  | 3,340 |  |  | 5,286 |  |  | 1,938,856 |  |  | 1,944,142 |
Commercial real estate |  | — |  |  | 582 |  |  | — |  |  | 582 |  |  | 866,431 |  |  | 867,013 |
Multifamily |  | 356 |  |  | — |  |  | — |  |  | 356 |  |  | 2,240,890 |  |  | 2,241,246 |
SBA |  | 551 |  |  | 77 |  |  | 862 |  |  | 1,490 |  |  | 67,251 |  |  | 68,741 |
Construction |  | — |  |  | 939 |  |  | — |  |  | 939 |  |  | 203,037 |  |  | 203,976 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 7,321 |  |  | 3,160 |  |  | 9,198 |  |  | 19,679 |  |  | 1,461,493 |  |  | 1,481,172 |
Other consumer |  | 3,132 |  |  | 573 |  |  | 446 |  |  | 4,151 |  |  | 63,701 |  |  | 67,852 |
Total traditional loans |  | 11,710 |  |  | 6,927 |  |  | 13,846 |  |  | 32,483 |  |  | 6,841,659 |  |  | 6,874,142 |
Total |  | $ | 19,140 |  |  | $ | 7,544 |  |  | $ | 13,846 |  |  | $ | 40,530 |  |  | $ | 7,660,343 |  |  | $ | 7,700,873 |
Composition of Nonaccrual Loans and Leases | The following table presents non-accrual loans as of the dates indicated:
| September 30, 2019 |  | December 31, 2018
($ in thousands) | NTM Loans |  | Traditional Loans |  | Total |  | NTM Loans |  | Traditional Loans |  | Total
Non-accrual loans |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | 20,762 |  |  | $ | 20,762 |  |  | $ | — |  |  | $ | 5,455 |  |  | $ | 5,455 |
Commercial real estate | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
SBA | — |  |  | 5,773 |  |  | 5,773 |  |  | — |  |  | 2,574 |  |  | 2,574 |
Construction | — |  |  | 2,519 |  |  | 2,519 |  |  | — |  |  | — |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage | 1,110 |  |  | 14,477 |  |  | 15,587 |  |  | — |  |  | 12,929 |  |  | 12,929 |
Other consumer | — |  |  | 528 |  |  | 528 |  |  | — |  |  | 627 |  |  | 627 |
Total non-accrual loans | $ | 1,110 |  |  | $ | 44,059 |  |  | $ | 45,169 |  |  | $ | — |  |  | $ | 21,585 |  |  | $ | 21,585 |
Troubled Debt Restructurings | The following table summarizes the pre-modification and post-modification balances of the new TDRs for the periods indicated:
|  | Three Months Ended |  | Nine Months Ended
($ in thousands) |  | Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment |  | Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial(1) |  | — |  |  | $ | — |  |  | $ | — |  |  | 10 |  |  | $ | 17,339 |  |  | $ | 14,692 |
SBA |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 3,214 |  |  | 869 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other consumer |  | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | $ | — |
Total |  | — |  |  | — |  |  | — |  |  | 12 |  |  | $ | 20,553 |  |  | $ | 15,561 |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | — |  |  | $ | — |  |  | $ | — |  |  | 2 |  |  | $ | 171 |  |  | $ | 163 |
Total |  | — |  |  | $ | — |  |  | $ | — |  |  | 2 |  |  | $ | 171 |  |  | $ | 163 |
(1) Post-modification outstanding recorded investment reflects a $2.3 million principal repayment by the borrower, which was a condition precedent to the modification. TDR loans consisted of the following as of the dates indicated:
|  | September 30, 2019 |  | December 31, 2018
($ in thousands) |  | NTM Loans |  | Traditional Loans |  | Total |  | NTM Loans |  | Traditional Loans |  | Total
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | — |  |  | $ | 15,790 |  |  | $ | 15,790 |  |  | $ | — |  |  | $ | 2,276 |  |  | $ | 2,276 |
SBA |  | — |  |  | 266 |  |  | 266 |  |  | — |  |  | 187 |  |  | 187 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 2,646 |  |  | 2,408 |  |  | 5,054 |  |  | 2,668 |  |  | 2,596 |  |  | 5,264 |
Other consumer |  | 294 |  |  | — |  |  | 294 |  |  | 294 |  |  | — |  |  | 294 |
Total |  | $ | 2,940 |  |  | $ | 18,464 |  |  | $ | 21,404 |  |  | $ | 2,962 |  |  | $ | 5,059 |  |  | $ | 8,021 |
The following table summarizes TDRs by modification type for the periods indicated:
|  | Three Months Ended
|  | Modification Type
|  | Change in Principal Payments and Interest Rates |  | Change in Principal Payments |  | Total
($ in thousands) |  | Count |  | Amount |  | Count |  | Amount |  | Count |  | Amount
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Total |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Total |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
|  | Nine Months Ended
|  | Modification Type
|  | Change in Principal Payments and Interest Rates |  | Change in Principal Payments |  | Total
($ in thousands) |  | Count |  | Amount |  | Count |  | Amount |  | Count |  | Amount
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 10 |  |  | $ | 14,692 |  |  | — |  |  | $ | — |  |  | 10 |  |  | $ | 14,692 |
SBA |  | 2 |  |  | $ | 869 |  |  | — |  |  | $ | — |  |  | 2 |  |  | $ | 869 |
Total |  | 12 |  |  | $ | 15,561 |  |  | — |  |  | $ | — |  |  | 12 |  |  | $ | 15,561 |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | — |  |  | $ | — |  |  | 2 |  |  | $ | 163 |  |  | 2 |  |  | $ | 163 |
Total |  | — |  |  | $ | — |  |  | 2 |  |  | $ | 163 |  |  | 2 |  |  | $ | 163 |
Risk Categories for Loans and Leases | The following table presents the risk categories for total loans as of the dates indicated:
($ in thousands) |  | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |  |
NTM loans: |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | $ | 633,950 |  |  | $ | 5,173 |  |  | $ | 12,044 |  |  | $ | — |  |  | $ | 651,167 |
Other consumer |  | 2,308 |  |  | — |  |  | — |  |  | — |  |  | 2,308 |
Total NTM loans |  | 636,258 |  |  | 5,173 |  |  | 12,044 |  |  | — |  |  | 653,475 |
Traditional loans: |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 1,673,655 |  |  | 77,431 |  |  | 38,392 |  |  | — |  |  | 1,789,478 |
Commercial real estate |  | 887,232 |  |  | 2,520 |  |  | 1,277 |  |  | — |  |  | 891,029 |
Multifamily |  | 1,551,231 |  |  | 8,428 |  |  | 4,098 |  |  | — |  |  | 1,563,757 |
SBA |  | 63,543 |  |  | 3,120 |  |  | 7,894 |  |  | 802 |  |  | 75,359 |
Construction |  | 219,056 |  |  | 6,986 |  |  | 2,519 |  |  | — |  |  | 228,561 |
Consumer: |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 1,100,990 |  |  | 4,291 |  |  | 18,988 |  |  | 517 |  |  | 1,124,786 |
Other consumer |  | 55,947 |  |  | 317 |  |  | 550 |  |  | — |  |  | 56,814 |
Total traditional loans |  | 5,551,654 |  |  | 103,093 |  |  | 73,718 |  |  | 1,319 |  |  | 5,729,784 |
Total |  | $ | 6,187,912 |  |  | $ | 108,266 |  |  | $ | 85,762 |  |  | $ | 1,319 |  |  | $ | 6,383,259 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |
NTM loans: |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | $ | 811,056 |  |  | $ | 10,966 |  |  | $ | 2,296 |  |  | $ | — |  |  | $ | 824,318 |
Other consumer |  | 2,413 |  |  | — |  |  | — |  |  | — |  |  | 2,413 |
Total NTM loans |  | 813,469 |  |  | 10,966 |  |  | 2,296 |  |  | — |  |  | 826,731 |
Traditional loans: |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 1,859,569 |  |  | 41,302 |  |  | 43,271 |  |  | — |  |  | 1,944,142 |
Commercial real estate |  | 851,604 |  |  | 11,376 |  |  | 4,033 |  |  | — |  |  | 867,013 |
Multifamily |  | 2,239,301 |  |  | — |  |  | 1,945 |  |  | — |  |  | 2,241,246 |
SBA |  | 53,433 |  |  | 6,114 |  |  | 8,340 |  |  | 854 |  |  | 68,741 |
Construction |  | 197,851 |  |  | 3,606 |  |  | 2,519 |  |  | — |  |  | 203,976 |
Consumer: |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 1,461,721 |  |  | 2,602 |  |  | 16,849 |  |  | — |  |  | 1,481,172 |
Other consumer |  | 66,228 |  |  | 979 |  |  | 645 |  |  | — |  |  | 67,852 |
Total traditional loans |  | 6,729,707 |  |  | 65,979 |  |  | 77,602 |  |  | 854 |  |  | 6,874,142 |
Total |  | $ | 7,543,176 |  |  | $ | 76,945 |  |  | $ | 79,898 |  |  | $ | 854 |  |  | $ | 7,700,873 |
Summary of Significant Activities | The following table presents loans transferred from (to) loans held-for-sale by portfolio segment for the periods indicated:
|  | Three Months Ended |  | Nine Months Ended
($ in thousands) |  | Transfers from Held-For-Sale |  | Transfers (to) Held-For-Sale |  | Transfers from Held-For-Sale |  | Transfers (to) Held-For-Sale
September 30, 2019 |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |
Commercial real estate |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (573 | )
Multifamily |  | — |  |  | — |  |  | — |  |  | (752,087 | )
SBA |  | — |  |  | (559 | ) |  | — |  |  | (559 | )
Consumer: |  |  |  |  |  |  |  |
Single family residential mortgage |  | — |  |  | — |  |  | — |  |  | (374,679 | )
Total |  | $ | — |  |  | $ | (559 | ) |  | $ | — |  |  | $ | (1,127,898 | )
September 30, 2018 |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | — |  |  | $ | (1,133 | ) |  | $ | — |  |  | $ | (1,133 | )
Multifamily |  | — |  |  | — |  |  | — |  |  | (71,449 | )
Consumer: |  |  |  |  |  |  |  |
Single family residential mortgage |  | — |  |  | (18,886 | ) |  | — |  |  | (154,899 | )
Other consumer |  | — |  |  | — |  |  | — |  |  | (4,362 | )
Total |  | $ | — |  |  | $ | (20,019 | ) |  | $ | — |  |  | $ | (231,843 | )

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