XML 11 R31.htm IDEA: XBRL DOCUMENT
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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables) | 3 Months Ended
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Mar. 31, 2020
Receivables [Abstract] |
Loans and Leases Receivable | The following table presents the balances in our loan portfolio as of the dates indicated:
($ in thousands) |  | March 31, 2020 |  | December 31, 2019
Commercial: |  |  |  |
Commercial and industrial |  | $ | 1,578,223 |  |  | $ | 1,691,270 |
Commercial real estate |  | 810,024 |  |  | 818,817 |
Multifamily |  | 1,466,083 |  |  | 1,494,528 |
SBA |  | 70,583 |  |  | 70,981 |
Construction |  | 227,947 |  |  | 231,350 |
Consumer: |  |  |  |
Single family residential mortgage |  | 1,467,375 |  |  | 1,590,774 |
Other consumer |  | 47,229 |  |  | 54,165 |
Total loans(1) |  | $ | 5,667,464 |  |  | $ | 5,951,885 |
Allowance for loan losses |  | (78,243 | ) |  | (57,649 | )
Loans receivable, net |  | $ | 5,589,221 |  |  | $ | 5,894,236 |
(1) Total loans include deferred loan origination costs/(fees) and premiums/(discounts), net, of $13.2 million and $14.3 million, respectively, at March 31, 2020 and December 31, 2019.
Risk Categories for Loans and Leases | The following table presents the risk categories for total loans by class of loans and origination year as of March 31, 2020:
|  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
($ in thousands) |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  | Revolving Loans Amortized Cost Basis Converted to Term |  | Total
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 15,168 |  |  | $ | 121,892 |  |  | $ | 112,591 |  |  | $ | 69,585 |  |  | $ | 44,205 |  |  | $ | 138,326 |  |  | $ | 983,178 |  |  | $ | 4,743 |  |  | $ | 1,489,688 |
Special mention |  | — |  |  | 6,473 |  |  | 1,341 |  |  | — |  |  | — |  |  | — |  |  | 12,776 |  |  | 2,284 |  |  | 22,874 |
Substandard |  | 2,546 |  |  | 17,425 |  |  | — |  |  | 194 |  |  | 21,555 |  |  | 2,605 |  |  | 13,087 |  |  | 8,249 |  |  | 65,661 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial and industrial |  | 17,714 |  |  | 145,790 |  |  | 113,932 |  |  | 69,779 |  |  | 65,760 |  |  | 140,931 |  |  | 1,009,041 |  |  | 15,276 |  |  | 1,578,223 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 15,189 |  |  | 152,789 |  |  | 229,702 |  |  | 73,134 |  |  | 102,913 |  |  | 218,978 |  |  | 8,011 |  |  | 1,588 |  |  | 802,304 |
Special mention |  | — |  |  | 1,803 |  |  | — |  |  | — |  |  | — |  |  | 742 |  |  | — |  |  | — |  |  | 2,545 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,175 |  |  | — |  |  | — |  |  | 5,175 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate |  | 15,189 |  |  | 154,592 |  |  | 229,702 |  |  | 73,134 |  |  | 102,913 |  |  | 224,895 |  |  | 8,011 |  |  | 1,588 |  |  | 810,024 |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 49,455 |  |  | 440,695 |  |  | 338,904 |  |  | 276,075 |  |  | 151,406 |  |  | 197,596 |  |  | — |  |  | — |  |  | 1,454,131 |
Special mention |  | — |  |  | — |  |  | 8,960 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,960 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,992 |  |  | — |  |  | — |  |  | 2,992 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multifamily |  | 49,455 |  |  | 440,695 |  |  | 347,864 |  |  | 276,075 |  |  | 151,406 |  |  | 200,588 |  |  | — |  |  | — |  |  | 1,466,083 |
SBA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 1,787 |  |  | 16,067 |  |  | 1,388 |  |  | 5,300 |  |  | 15,105 |  |  | 19,797 |  |  | 1,667 |  |  | 515 |  |  | 61,626 |
Special mention |  | — |  |  | — |  |  | — |  |  | 229 |  |  | 479 |  |  | 987 |  |  | — |  |  | 7 |  |  | 1,702 |
Substandard |  | — |  |  | — |  |  | — |  |  | 1,060 |  |  | 1,529 |  |  | 1,515 |  |  | 336 |  |  | 1,197 |  |  | 5,637 |
Doubtful |  | — |  |  | — |  |  | 390 |  |  | — |  |  | 208 |  |  | 633 |  |  | — |  |  | 387 |  |  | 1,618 |
SBA |  | 1,787 |  |  | 16,067 |  |  | 1,778 |  |  | 6,589 |  |  | 17,321 |  |  | 22,932 |  |  | 2,003 |  |  | 2,106 |  |  | 70,583 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 12,948 |  |  | 39,120 |  |  | 76,619 |  |  | 87,270 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 215,957 |
Special mention |  | — |  |  | — |  |  | 8,012 |  |  | — |  |  | 3,978 |  |  | — |  |  | — |  |  | — |  |  | 11,990 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction |  | 12,948 |  |  | 39,120 |  |  | 84,631 |  |  | 87,270 |  |  | 3,978 |  |  | — |  |  | — |  |  | — |  |  | 227,947 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 5,431 |  |  | 177,908 |  |  | 371,674 |  |  | 221,287 |  |  | 328,033 |  |  | 304,408 |  |  | 21,157 |  |  | — |  |  | 1,429,898 |
Special mention |  | — |  |  | — |  |  | 1,157 |  |  | 668 |  |  | 5,070 |  |  | 4,057 |  |  | — |  |  | — |  |  | 10,952 |
Substandard |  | — |  |  | 1,074 |  |  | 498 |  |  | 3,420 |  |  | 3,253 |  |  | 17,763 |  |  | — |  |  | — |  |  | 26,008 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | 517 |  |  | — |  |  | — |  |  | — |  |  | 517 |
Single family residential mortgage |  | 5,431 |  |  | 178,982 |  |  | 373,329 |  |  | 225,375 |  |  | 336,873 |  |  | 326,228 |  |  | 21,157 |  |  | — |  |  | 1,467,375 |
Other consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 55 |  |  | 95 |  |  | 86 |  |  | — |  |  | 14 |  |  | 5,332 |  |  | 37,992 |  |  | 2,941 |  |  | 46,515 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 224 |  |  | 224 |
Substandard |  | — |  |  | — |  |  | 35 |  |  | — |  |  | — |  |  | 34 |  |  | 322 |  |  | 99 |  |  | 490 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other consumer |  | 55 |  |  | 95 |  |  | 121 |  |  | — |  |  | 14 |  |  | 5,366 |  |  | 38,314 |  |  | 3,264 |  |  | 47,229 |
Total loans |  | $ | 102,579 |  |  | $ | 975,341 |  |  | $ | 1,151,357 |  |  | $ | 738,222 |  |  | $ | 678,265 |  |  | $ | 920,940 |  |  | $ | 1,078,526 |  |  | $ | 22,234 |  |  | $ | 5,667,464 |
The following table presents the risk categories for total loans by class of loans as of December 31, 2019:
($ in thousands) |  | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Total
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 1,580,269 |  |  | 45,323 |  |  | 65,678 |  |  | — |  |  | 1,691,270 |
Commercial real estate |  | 813,846 |  |  | 2,532 |  |  | 2,439 |  |  | — |  |  | 818,817 |
Multifamily |  | 1,484,931 |  |  | 4,256 |  |  | 5,341 |  |  | — |  |  | 1,494,528 |
SBA |  | 60,982 |  |  | 2,760 |  |  | 5,621 |  |  | 1,618 |  |  | 70,981 |
Construction |  | 229,771 |  |  | 1,579 |  |  | — |  |  | — |  |  | 231,350 |
Consumer: |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 1,559,253 |  |  | 10,735 |  |  | 20,269 |  |  | 517 |  |  | 1,590,774 |
Other consumer |  | 53,331 |  |  | 346 |  |  | 488 |  |  | — |  |  | 54,165 |
Total |  | $ | 5,782,383 |  |  | $ | 67,531 |  |  | $ | 99,836 |  |  | $ | 2,135 |  |  | $ | 5,951,885 |
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 the 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
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Non-Traditional Mortgage (NTM) loans: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | $ | 8,043 |  |  | $ | 5,383 |  |  | $ | 14,577 |  |  | $ | 28,003 |  |  | $ | 530,161 |  |  | $ | 558,164 |
Other consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,894 |  |  | 1,894 |
Total NTM loans |  | 8,043 |  |  | 5,383 |  |  | 14,577 |  |  | 28,003 |  |  | 532,055 |  |  | 560,058 |
Traditional loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 649 |  |  | 3,687 |  |  | 2,601 |  |  | 6,937 |  |  | 1,571,286 |  |  | 1,578,223 |
Commercial real estate |  | — |  |  | 264 |  |  | — |  |  | 264 |  |  | 809,760 |  |  | 810,024 |
Multifamily |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,466,083 |  |  | 1,466,083 |
SBA |  | 2,009 |  |  | 222 |  |  | 2,643 |  |  | 4,874 |  |  | 65,709 |  |  | 70,583 |
Construction |  | 734 |  |  | — |  |  | — |  |  | 734 |  |  | 227,213 |  |  | 227,947 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 32,993 |  |  | 1,600 |  |  | 8,771 |  |  | 43,364 |  |  | 865,847 |  |  | 909,211 |
Other consumer |  | 754 |  |  | — |  |  | 40 |  |  | 794 |  |  | 44,541 |  |  | 45,335 |
Total traditional loans |  | 37,139 |  |  | 5,773 |  |  | 14,055 |  |  | 56,967 |  |  | 5,050,439 |  |  | 5,107,406 |
Total |  | $ | 45,182 |  |  | $ | 11,156 |  |  | $ | 28,632 |  |  | $ | 84,970 |  |  | $ | 5,582,494 |  |  | $ | 5,667,464 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
NTM loans: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | $ | 3,973 |  |  | $ | 3,535 |  |  | $ | 13,019 |  |  | $ | 20,527 |  |  | $ | 577,830 |  |  | $ | 598,357 |
Other consumer |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,299 |  |  | 2,299 |
Total NTM loans |  | 3,973 |  |  | 3,535 |  |  | 13,019 |  |  | 20,527 |  |  | 580,129 |  |  | 600,656 |
Traditional loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 780 |  |  | 5,670 |  |  | 3,862 |  |  | 10,312 |  |  | 1,680,958 |  |  | 1,691,270 |
Commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | 818,817 |  |  | 818,817 |
Multifamily |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,494,528 |  |  | 1,494,528 |
SBA |  | 586 |  |  | 842 |  |  | 2,152 |  |  | 3,580 |  |  | 67,401 |  |  | 70,981 |
Construction |  | — |  |  | — |  |  | — |  |  | — |  |  | 231,350 |  |  | 231,350 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 13,752 |  |  | 3,496 |  |  | 5,606 |  |  | 22,854 |  |  | 969,563 |  |  | 992,417 |
Other consumer |  | 199 |  |  | 40 |  |  | 95 |  |  | 334 |  |  | 51,532 |  |  | 51,866 |
Total traditional loans |  | 15,317 |  |  | 10,048 |  |  | 11,715 |  |  | 37,080 |  |  | 5,314,149 |  |  | 5,351,229 |
Total |  | $ | 19,290 |  |  | $ | 13,583 |  |  | $ | 24,734 |  |  | $ | 57,607 |  |  | $ | 5,894,278 |  |  | $ | 5,951,885 |
Composition of Nonaccrual Loans and Leases | The following table presents non-accrual loans as of the dates indicated:
| March 31, 2020 |  | December 31, 2019
($ in thousands) | NTM Loans |  | Traditional Loans |  | Total Non-accrual Loans |  | Non-accrual Loans with no ACL |  | NTM Loans |  | Traditional Loans |  | Total Non-accrual Loans |  | Non-accrual Loans with no ACL
Non-accrual loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | — |  |  | $ | 23,638 |  |  | $ | 23,638 |  |  | $ | 5,364 |  |  | $ | — |  |  | $ | 19,114 |  |  | $ | 19,114 |  |  | $ | 337 |
Commercial real estate | — |  |  | 2,763 |  |  | 2,763 |  |  | 2,763 |  |  | — |  |  | — |  |  | — |  |  | — |
SBA | — |  |  | 5,374 |  |  | 5,374 |  |  | 1,508 |  |  | — |  |  | 5,230 |  |  | 5,230 |  |  | 1,474 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage | 15,605 |  |  | 8,771 |  |  | 24,376 |  |  | 24,376 |  |  | 13,019 |  |  | 5,606 |  |  | 18,625 |  |  | 14,373 |
Other consumer | — |  |  | 320 |  |  | 320 |  |  | 320 |  |  | — |  |  | 385 |  |  | 385 |  |  | 380 |
Total non-accrual loans | $ | 15,605 |  |  | $ | 40,866 |  |  | $ | 56,471 |  |  | $ | 34,331 |  |  | $ | 13,019 |  |  | $ | 30,335 |  |  | $ | 43,354 |  |  | $ | 16,564 |
Allowance for Loan and Lease Losses and Recorded Investment, Excluding Accrued Interest, in Loans | The following table presents a summary of activity in the ACL for the periods indicated:
|  | Three Months Ended March 31,
($ in thousands) |  | 2020 |  | 2019
|  | Allowance for Loan Losses |  | Reserve for Unfunded Loan Commitments |  | Allowance for Credit Losses |  | Allowance for Loan Losses |  | Reserve for Unfunded Loan Commitments |  | Allowance for Credit Losses
Balance at beginning of period |  | $ | 57,649 |  |  | $ | 4,064 |  |  | $ | 61,713 |  |  | $ | 62,192 |  |  | $ | 4,622 |  |  | $ | 66,814 |
Impact of adopting ASU 2016-13 |  | 7,609 |  |  | (1,226 | ) |  | 6,383 |  |  | — |  |  | — |  |  | — |
Loans charged off |  | (2,076 | ) |  | — |  |  | (2,076 | ) |  | (1,063 | ) |  | — |  |  | (1,063 | )
Recoveries of loans previously charged off |  | 350 |  |  | — |  |  | 350 |  |  | 244 |  |  | — |  |  | 244 |
Net charge-offs |  | (1,726 | ) |  | — |  |  | (1,726 | ) |  | (819 | ) |  | — |  |  | (819 | )
Provision for (reversal of) credit losses |  | 14,711 |  |  | 1,050 |  |  | 15,761 |  |  | 2,512 |  |  | (414 | ) |  | 2,098 |
Balance at end of period |  | $ | 78,243 |  |  | $ | 3,888 |  |  | $ | 82,131 |  |  | $ | 63,885 |  |  | $ | 4,208 |  |  | $ | 68,093 |
The following table presents the activity and balance in the ALL and the recorded investment, excluding accrued interest, in loans based on the impairment methodology as of or for the three months ended March 31, 2020:
($ in thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Multifamily |  | SBA |  | Construction |  | Single Family Residential Mortgage |  | Other Consumer |  | Total
ALL: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2019 |  | $ | 22,353 |  |  | $ | 5,941 |  |  | $ | 11,405 |  |  | $ | 3,120 |  |  | $ | 3,906 |  |  | $ | 10,486 |  |  | $ | 438 |  |  | $ | 57,649 |
Impact of adopting ASC 326 |  | 662 |  |  | 4,847 |  |  | 1,809 |  |  | 388 |  |  | 103 |  |  | (420 | ) |  | 220 |  |  | 7,609 |
Charge-offs |  | (1,164 | ) |  | — |  |  | — |  |  | (356 | ) |  | — |  |  | (552 | ) |  | (4 | ) |  | (2,076 | )
Recoveries |  | 30 |  |  | — |  |  | — |  |  | 121 |  |  | — |  |  | 151 |  |  | 48 |  |  | 350 |
Net (charge-offs) recoveries |  | (1,134 | ) |  | — |  |  | — |  |  | (235 | ) |  | — |  |  | (401 | ) |  | 44 |  |  | (1,726 | )
Provision for (reversal of) credit losses |  | 1,692 |  |  | 2,832 |  |  | 6,858 |  |  | 379 |  |  | 3,043 |  |  | (72 | ) |  | (21 | ) |  | 14,711 |
Balance at March 31, 2020 |  | $ | 23,573 |  |  | $ | 13,620 |  |  | $ | 20,072 |  |  | $ | 3,652 |  |  | $ | 7,052 |  |  | $ | 9,593 |  |  | $ | 681 |  |  | $ | 78,243 |
Individually evaluated for impairment |  | $ | 3,606 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,208 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,814 |
Collectively evaluated for impairment |  | 19,967 |  |  | 13,620 |  |  | 20,072 |  |  | 1,444 |  |  | 7,052 |  |  | 9,593 |  |  | 681 |  |  | 72,429 |
Total ending ALL balance |  | $ | 23,573 |  |  | $ | 13,620 |  |  | $ | 20,072 |  |  | $ | 3,652 |  |  | $ | 7,052 |  |  | $ | 9,593 |  |  | $ | 681 |  |  | $ | 78,243 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 24,594 |  |  | $ | 2,763 |  |  | $ | — |  |  | $ | 5,292 |  |  | $ | — |  |  | $ | 29,183 |  |  | $ | 614 |  |  | $ | 62,446 |
Collectively evaluated for impairment |  | 1,553,629 |  |  | 807,261 |  |  | 1,466,083 |  |  | 65,291 |  |  | 227,947 |  |  | 1,438,192 |  |  | 46,615 |  |  | 5,605,018 |
Total ending loan balances |  | $ | 1,578,223 |  |  | $ | 810,024 |  |  | $ | 1,466,083 |  |  | $ | 70,583 |  |  | $ | 227,947 |  |  | $ | 1,467,375 |  |  | $ | 47,229 |  |  | $ | 5,667,464 |
The following table presents the activity and balance in the ALL and the recorded investment, excluding accrued interest, in loans based on the impairment methodology as of or for the three months ended March 31, 2019:
($ in thousands) |  | Commercial and Industrial |  | Commercial Real Estate |  | Multifamily |  | SBA |  | Construction |  | Lease Financing |  | Single Family Residential Mortgage |  | Other Consumer |  | Total
ALL: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2018 |  | $ | 18,191 |  |  | $ | 6,674 |  |  | $ | 17,970 |  |  | $ | 1,827 |  |  | $ | 3,461 |  |  | $ | — |  |  | $ | 13,128 |  |  | $ | 941 |  |  | $ | 62,192 |
Charge-offs |  | (93 | ) |  | — |  |  | — |  |  | (356 | ) |  | — |  |  | — |  |  | (526 | ) |  | (88 | ) |  | (1,063 | )
Recoveries |  | 33 |  |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 3 |  |  | 150 |  |  | 17 |  |  | 244 |
Net (charge-offs) recoveries |  | (60 | ) |  | — |  |  | — |  |  | (315 | ) |  | — |  |  | 3 |  |  | (376 | ) |  | (71 | ) |  | (819 | )
Provision for (reversal of) credit losses |  | 762 |  |  | 164 |  |  | 928 |  |  | 1,545 |  |  | (8 | ) |  | (3 | ) |  | (610 | ) |  | (266 | ) |  | 2,512 |
Balance at March 31, 2019 |  | $ | 18,893 |  |  | $ | 6,838 |  |  | $ | 18,898 |  |  | $ | 3,057 |  |  | $ | 3,453 |  |  | $ | — |  |  | $ | 12,142 |  |  | $ | 604 |  |  | $ | 63,885 |
Individually evaluated for impairment |  | $ | 48 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,634 |  |  | $ | — |  |  | $ | — |  |  | $ | 230 |  |  | $ | 33 |  |  | $ | 1,945 |
Collectively evaluated for impairment |  | 18,845 |  |  | 6,838 |  |  | 18,898 |  |  | 1,423 |  |  | 3,453 |  |  | — |  |  | 11,912 |  |  | 571 |  |  | 61,940 |
Total ending ALL balance |  | $ | 18,893 |  |  | $ | 6,838 |  |  | $ | 18,898 |  |  | $ | 3,057 |  |  | $ | 3,453 |  |  | $ | — |  |  | $ | 12,142 |  |  | $ | 604 |  |  | $ | 63,885 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 4,861 |  |  | $ | 573 |  |  | $ | — |  |  | $ | 3,808 |  |  | $ | 2,519 |  |  | $ | — |  |  | $ | 20,362 |  |  | $ | 841 |  |  | $ | 32,964 |
Collectively evaluated for impairment |  | 1,902,241 |  |  | 864,948 |  |  | 2,332,527 |  |  | 71,190 |  |  | 209,030 |  |  | — |  |  | 2,082,332 |  |  | 61,968 |  |  | 7,524,236 |
Total ending loan balances |  | $ | 1,907,102 |  |  | $ | 865,521 |  |  | $ | 2,332,527 |  |  | $ | 74,998 |  |  | $ | 211,549 |  |  | $ | — |  |  | $ | 2,102,694 |  |  | $ | 62,809 |  |  | $ | 7,557,200 |
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.
|  | March 31, 2020 |  | December 31, 2019
($ in thousands) |  | Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses |  | Unpaid Principal Balance |  | Recorded Investment |  | Allowance for Loan Losses
With no related ALL recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 6,332 |  |  | $ | 6,319 |  |  | $ | — |  |  | $ | 1,471 |  |  | $ | 1,460 |  |  | $ | — |
Commercial real estate |  | 2,968 |  |  | 2,763 |  |  | — |  |  | — |  |  | — |  |  | — |
SBA |  | 1,489 |  |  | 1,426 |  |  | — |  |  | 1,439 |  |  | 1,379 |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 29,024 |  |  | 29,183 |  |  | — |  |  | 19,319 |  |  | 19,405 |  |  | — |
Other consumer |  | 611 |  |  | 614 |  |  | — |  |  | 671 |  |  | 675 |  |  | — |
With an ALL recorded: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 18,268 |  |  | 18,275 |  |  | 3,606 |  |  | 18,776 |  |  | 18,776 |  |  | 3,367 |
SBA |  | 4,050 |  |  | 3,866 |  |  | 2,208 |  |  | 3,921 |  |  | 3,757 |  |  | 2,045 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | — |  |  | — |  |  | — |  |  | 4,213 |  |  | 4,252 |  |  | 574 |
Other consumer |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  |  | 4 |
Total |  | $ | 62,742 |  |  | $ | 62,446 |  |  | $ | 5,814 |  |  | $ | 49,814 |  |  | $ | 49,708 |  |  | $ | 5,990 |
The following table presents information on impaired loans, disaggregated by class, for the periods indicated:
|  | Three Months Ended
($ in thousands) |  | Average Recorded Investment |  | Interest Income Recognized |  | Cash Basis Interest Recognized
March 31, 2020 |  |  |  |  |  |
Commercial: |  |  |  |  |  |
Commercial and industrial |  | $ | 22,912 |  |  | $ | 21 |  |  | $ | 21 |
Commercial real estate |  | 2,774 |  |  | — |  |  | — |
SBA |  | 5,414 |  |  | 3 |  |  | 3 |
Consumer: |  |  |  |  |  |
Single family residential mortgage |  | 29,483 |  |  | 54 |  |  | 45 |
Other consumer |  | 617 |  |  | 3 |  |  | 3 |
Total |  | $ | 61,200 |  |  | $ | 81 |  |  | $ | 72 |
March 31, 2019 |  |  |  |  |  |
Commercial: |  |  |  |  |  |
Commercial and industrial |  | $ | 5,048 |  |  | $ | — |  |  | $ | — |
Commercial real estate |  | 577 |  |  | — |  |  | — |
SBA |  | 3,845 |  |  | 4 |  |  | 4 |
Construction |  | 2,519 |  |  | — |  |  | — |
Consumer: |  |  |  |  |  |
Single family residential mortgage |  | 19,323 |  |  | 58 |  |  | 49 |
Other consumer |  | 844 |  |  | 3 |  |  | 3 |
Total |  | $ | 32,156 |  |  | $ | 65 |  |  | $ | 56 |
Troubled Debt Restructurings | TDR loans consisted of the following as of the dates indicated:
|  | March 31, 2020 |  | December 31, 2019
($ in thousands) |  | NTM Loans |  | Traditional Loans |  | Total |  | NTM Loans |  | Traditional Loans |  | Total
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | — |  |  | $ | 21,586 |  |  | $ | 21,586 |  |  | $ | — |  |  | $ | 16,245 |  |  | $ | 16,245 |
SBA |  | — |  |  | 266 |  |  | 266 |  |  | — |  |  | 266 |  |  | 266 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage |  | 2,630 |  |  | 2,176 |  |  | 4,806 |  |  | 2,638 |  |  | 2,394 |  |  | 5,032 |
Other consumer |  | 294 |  |  | — |  |  | 294 |  |  | 294 |  |  | — |  |  | 294 |
Total |  | $ | 2,924 |  |  | $ | 24,028 |  |  | $ | 26,952 |  |  | $ | 2,932 |  |  | $ | 18,905 |  |  | $ | 21,837 |
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
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | 1 |  |  | $ | 5,000 |  |  | — |  |  | $ | — |  |  | 1 |  |  | $ | 5,000 |
Total |  | 1 |  |  | $ | 5,000 |  |  | — |  |  | $ | — |  |  | 1 |  |  | $ | 5,000 |
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Total |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
The following table summarizes the pre-modification and post-modification balances of the new TDRs for the periods indicated:
|  | Three Months Ended
($ in thousands) |  | Number of Loans |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
March 31, 2020 |  |  |  |  |  |
Commercial: |  |  |  |  |  |
Commercial and industrial |  | 1 |  |  | $ | 5,000 |  |  | $ | 5,000 |
Total |  | 1 |  |  | 5,000 |  |  | 5,000 |
March 31, 2019 |  |  |  |  |  |
Total |  | — |  |  | $ | — |  |  | $ | — |
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
($ in thousands) |  | Transfers from Held-For-Sale |  | Transfers (to) Held-For-Sale
March 31, 2020 |  |  |  |
Total |  | $ | — |  |  | $ | — |
March 31, 2019 |  |  |  |
Commercial: |  |  |  |
Commercial and industrial |  | $ | — |  |  | $ | — |
Multifamily |  | — |  |  | — |
Consumer: |  |  |  |
Single family residential mortgage |  | — |  |  | (243,364 | )
Other consumer |  | — |  |  | — |
Total |  | $ | — |  |  | $ | (243,364 | )
Non Traditional Mortgages Portfolio | The following table presents the composition of the NTM portfolio, which are included in the single family residential mortgage portfolio, as of the dates indicated:
|  | March 31, 2020 |  | December 31, 2019
($ in thousands) |  | Count |  | Amount |  | Percent |  | Count |  | Amount |  | Percent
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Single family residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |
Green Loans (HELOC) - first liens |  | 65 |  |  | $ | 45,913 |  |  | 8.2 | % |  | 69 |  |  | $ | 49,959 |  |  | 8.3 | %
Interest-only - first liens |  | 349 |  |  | 509,892 |  |  | 91.0 | % |  | 376 |  |  | 545,371 |  |  | 90.8 | %
Negative amortization |  | 8 |  |  | 2,359 |  |  | 0.4 | % |  | 9 |  |  | 3,027 |  |  | 0.5 | %
Total NTM - first liens |  | 422 |  |  | 558,164 |  |  | 99.7 | % |  | 454 |  |  | 598,357 |  |  | 99.6 | %
Other consumer: |  |  |  |  |  |  |  |  |  |  |  |
Green Loans (HELOC) - second liens |  | 6 |  |  | 1,894 |  |  | 0.3 | % |  | 7 |  |  | 2,299 |  |  | 0.4 | %
Total NTM - second liens |  | 6 |  |  | 1,894 |  |  | 0.3 | % |  | 7 |  |  | 2,299 |  |  | 0.4 | %
Total NTM loans |  | 428 |  |  | $ | 560,058 |  |  | 100.0 | % |  | 461 |  |  | $ | 600,656 |  |  | 100.0 | %
Total loans receivable |  |  |  | $ | 5,667,464 |  |  |  |  |  |  | $ | 5,951,885 |  |  |
% of total NTM loans to total loans receivable |  |  |  | 9.9 | % |  |  |  |  |  | 10.1 | % |  |

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