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Loans and Leases Receivable and Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Schedule of Loans and Leases Receivable | The following table presents loans and leases receivable as of June 30, 2020 and December 31, 2019.
(amounts in thousands) | June 30, 2020 |  | December 31, 2019
Loans and leases receivable, mortgage warehouse, at fair value | $ | 2,793,164 |  |  | $ | 2,245,758 |
Loans receivable, PPP | 4,760,427 |  |  | — |
Loans receivable: |  |  |
Commercial: |  |  |
Multi-family | 1,581,839 |  |  | 1,907,331 |
Commercial and industrial (1) | 2,099,442 |  |  | 1,891,152 |
Commercial real estate owner occupied | 544,772 |  |  | 551,948 |
Commercial real estate non-owner occupied | 1,244,773 |  |  | 1,222,772 |
Construction | 128,834 |  |  | 117,617 |
Total commercial loans and leases receivable | 5,599,660 |  |  | 5,690,820 |
Consumer: |  |  |
Residential real estate | 348,109 |  |  | 382,634 |
Manufactured housing | 66,865 |  |  | 71,359 |
Other consumer | 1,257,813 |  |  | 1,174,175 |
Total consumer loans receivable | 1,672,787 |  |  | 1,628,168 |
Loans and leases receivable (2) | 7,272,447 |  |  | 7,318,988 |
Allowance for credit losses | (159,905) |  |  | (56,379) |
Total loans and leases receivable, net of allowance for credit losses | $ | 14,666,133 |  |  | $ | 9,508,367 |
(1)Includes direct finance equipment leases of $96.4 million and $89.2 million at June 30, 2020 and December 31, 2019, respectively. (2)Includes deferred (fees) costs and unamortized (discounts) premiums, net of $(83.1) million and $2.1 million at June 30, 2020 and December 31, 2019, respectively.
Loans and Leases Receivable by Loan Type and Performance Status | The following tables summarize loans and leases receivable by loan and lease type and performance status as of June 30, 2020 and December 31, 2019:
| June 30, 2020 |  |  |  |  |  |  |  |  |  |
(amounts in thousands) | 30-59 Days past due |  | 60-89 Days past due |  | 90 Days or more past due |  | Total past due |  | Loans and leases not past due (2) |  | Total loans and leases (3)
Multi-family | $ | — |  |  | $ | 16,790 |  |  | $ | 7,013 |  |  | $ | 23,803 |  |  | $ | 1,558,036 |  |  | $ | 1,581,839 |
Commercial and industrial | 523 |  |  | 123 |  |  | 9,974 |  |  | 10,620 |  |  | 2,088,822 |  |  | 2,099,442 |
Commercial real estate owner occupied | — |  |  | 4,888 |  |  | 4,022 |  |  | 8,910 |  |  | 535,862 |  |  | 544,772 |
Commercial real estate non-owner occupied | 97 |  |  | — |  |  | 30,257 |  |  | 30,354 |  |  | 1,214,419 |  |  | 1,244,773 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | 128,834 |  |  | 128,834 |
Residential real estate | 8,631 |  |  | 441 |  |  | 7,857 |  |  | 16,929 |  |  | 331,180 |  |  | 348,109 |
Manufactured housing (5) | 1,172 |  |  | — |  |  | 5,069 |  |  | 6,241 |  |  | 60,624 |  |  | 66,865 |
Other consumer | 11,415 |  |  | — |  |  | 4,887 |  |  | 16,302 |  |  | 1,241,511 |  |  | 1,257,813 |
Total | $ | 21,838 |  |  | $ | 22,242 |  |  | $ | 69,079 |  |  | $ | 113,159 |  |  | $ | 7,159,288 |  |  | $ | 7,272,447 |
| December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
(amounts in thousands) | 30-89 Days past due (1) |  | 90 Days or more past due (1) |  | Total past due (1) |  | Non-accrual |  | Current (2) |  | Purchased-credit-impaired loans (4) |  | Total loans and leases (5)
Multi-family | $ | 2,133 |  |  | — |  |  | $ | 2,133 |  |  | $ | 4,117 |  |  | $ | 1,901,336 |  |  | $ | 1,688 |  |  | $ | 1,909,274 |
Commercial and industrial | 2,395 |  |  | — |  |  | 2,395 |  |  | 4,531 |  |  | 1,882,700 |  |  | 354 |  |  | 1,889,980 |
Commercial real estate owner occupied | 5,388 |  |  | — |  |  | 5,388 |  |  | 1,963 |  |  | 537,992 |  |  | 6,664 |  |  | 552,007 |
Commercial real estate non-owner occupied | 8,034 |  |  | — |  |  | 8,034 |  |  | 76 |  |  | 1,211,892 |  |  | 3,527 |  |  | 1,223,529 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | 118,418 |  |  | — |  |  | 118,418 |
Residential real estate | 5,924 |  |  | — |  |  | 5,924 |  |  | 6,128 |  |  | 359,491 |  |  | 3,471 |  |  | 375,014 |
Manufactured housing | 3,699 |  |  | 1,794 |  |  | 5,493 |  |  | 1,655 |  |  | 61,649 |  |  | 1,601 |  |  | 70,398 |
Other consumer | 5,756 |  |  | $ | — |  |  | 5,756 |  |  | 1,551 |  |  | 1,170,793 |  |  | 183 |  |  | 1,178,283 |
Total | $ | 33,329 |  |  | $ | 1,794 |  |  | $ | 35,123 |  |  | $ | 20,021 |  |  | $ | 7,244,271 |  |  | $ | 17,488 |  |  | $ | 7,316,903 |
(1)Includes past due loans and leases that are accruing interest because collection is considered probable. (2)Loans and leases where next payment due is less than 30 days from the report date. The June 30, 2020 table excludes PPP loans of $4.8 billion which are all current as of June 30, 2020. (3)Includes purchased credit deteriorated loans of $15.7 million at June 30, 2020. (4)Purchased-credit-impaired loans aggregated into a pool are accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows, and the past due status of the pools, or that of the individual loans within the pools, is not meaningful. Due to the credit impaired nature of the loans, the loans are recorded at a discount reflecting estimated future cash flows and the Bank recognizes interest income on each pool of loans reflecting the estimated yield and passage of time. Such loans are considered to be performing. Purchased-credit-impaired loans that are not in pools accrete interest when the timing and amount of their expected cash flows are reasonably estimable, and are reported as performing loans. (5)Amounts exclude deferred costs and fees and unamortized premiums and discounts.
Amortized cost of Loans and Leases on Nonaccrual Status | The following table presents the amortized cost of loans and leases on nonaccrual status.
| June 30, 2020 (1) |  |  |  |  |  | December 31, 2019 (2) |  |  |  |  |  |  |  |  |  |  |  |
(amounts in thousands) | Nonaccrual loans with no related allowance |  | Nonaccrual loans with related allowance |  | Total nonaccrual loans |  | Nonaccrual loans with no related allowance |  | Nonaccrual loans with related allowance |  | Total nonaccrual loans |  |  |  |  |  |  |  |
Multi-family | $ | 4,004 |  |  | $ | 3,009 |  |  | $ | 7,013 |  |  | $ | 4,117 |  |  | $ | — |  |  | $ | 4,117 |  |  |  |  |  |  |  |  |
Commercial and industrial | 9,000 |  |  | 974 |  |  | 9,974 |  |  | 3,083 |  |  | 1,448 |  |  | 4,531 |  |  |  |  |  |  |  |  |
Commercial real estate owner occupied | 3,933 |  |  | 89 |  |  | 4,022 |  |  | 1,109 |  |  | 854 |  |  | 1,963 |  |  |  |  |  |  |  |  |
Commercial real estate non-owner occupied | 30,257 |  |  | — |  |  | 30,257 |  |  | 76 |  |  | — |  |  | 76 |  |  |  |  |  |  |  |  |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Residential real estate | 7,857 |  |  | — |  |  | 7,857 |  |  | 4,559 |  |  | 1,569 |  |  | 6,128 |  |  |  |  |  |  |  |  |
Manufactured housing | 536 |  |  | 2,795 |  |  | 3,331 |  |  | — |  |  | 1,655 |  |  | 1,655 |  |  |  |  |  |  |  |  |
Other consumer | 1,808 |  |  | 3,079 |  |  | 4,887 |  |  | 140 |  |  | 1,411 |  |  | 1,551 |  |  |  |  |  |  |  |  |
Total | $ | 57,395 |  |  | $ | 9,946 |  |  | $ | 67,341 |  |  | $ | 13,084 |  |  | $ | 6,937 |  |  | $ | 20,021 |  |  |  |  |  |  |  |  |
(1) Presented at amortized cost basis. (2) Amounts exclude deferred costs and fees and unamortized premiums and discounts.
Schedule of Allowance for Credit Losses on Loans and Leases | The changes in the allowance for credit losses on loans and leases for the three and six months ended June 30, 2020 and 2019 are presented in the tables below.
Three Months Ended June 30, 2020 | Multi-family |  | Commercial and industrial |  | Commercial real estate owner occupied |  | Commercial real estate non-owner occupied |  | Construction |  | Residential real estate |  | Manufactured housing |  | Other consumer |  | Total
(amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance, at March 31, 2020 | $ | 8,750 |  |  | $ | 18,806 |  |  | $ | 8,527 |  |  | $ | 18,530 |  |  | $ | 1,934 |  |  | $ | 4,180 |  |  | $ | 4,987 |  |  | $ | 83,569 |  |  | $ | 149,283 |
Charge-offs | — |  |  | (20) |  |  | — |  |  | (2,801) |  |  | — |  |  | — |  |  | — |  |  | (8,304) |  |  | (11,125) |
Recoveries | — |  |  | 25 |  |  | 2 |  |  | — |  |  | 113 |  |  | 26 |  |  | — |  |  | 635 |  |  | 801 |
Provision for credit loss expense | 5,947 |  |  | (6,509) |  |  | 2,876 |  |  | 10,764 |  |  | 3,250 |  |  | 344 |  |  | 1,027 |  |  | 3,247 |  |  | 20,946 |
Ending Balance, June 30, 2020 | $ | 14,697 |  |  | $ | 12,302 |  |  | $ | 11,405 |  |  | $ | 26,493 |  |  | $ | 5,297 |  |  | $ | 4,550 |  |  | $ | 6,014 |  |  | $ | 79,147 |  |  | $ | 159,905 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, December 31, 2019 | $ | 6,157 |  |  | $ | 15,556 |  |  | $ | 2,235 |  |  | $ | 6,243 |  |  | $ | 1,262 |  |  | $ | 3,218 |  |  | $ | 1,060 |  |  | $ | 20,648 |  |  | $ | 56,379 |
Cumulative effect of change in accounting principle | 2,171 |  |  | 759 |  |  | 5,773 |  |  | 7,918 |  |  | (98) |  |  | 1,518 |  |  | 3,802 |  |  | 57,986 |  |  | 79,829 |
Charge-offs | — |  |  | (117) |  |  | — |  |  | (15,598) |  |  | — |  |  | — |  |  | — |  |  | (14,550) |  |  | (30,265) |
Recoveries | — |  |  | 79 |  |  | 5 |  |  | — |  |  | 116 |  |  | 55 |  |  | — |  |  | 975 |  |  | 1,230 |
Provision for loan and lease losses | 6,369 |  |  | (3,975) |  |  | 3,392 |  |  | 27,930 |  |  | 4,017 |  |  | (241) |  |  | 1,152 |  |  | 14,088 |  |  | 52,732 |
Ending Balance, June 30, 2020 | $ | 14,697 |  |  | $ | 12,302 |  |  | $ | 11,405 |  |  | $ | 26,493 |  |  | $ | 5,297 |  |  | $ | 4,550 |  |  | $ | 6,014 |  |  | $ | 79,147 |  |  | $ | 159,905 |
Three Months Ended June 30, 2019 | Multi-family |  | Commercial and industrial |  | Commercial real estate owner occupied |  | Commercial real estate non-owner occupied |  | Construction |  | Residential real estate |  | Manufactured housing |  | Other consumer |  | Total
(amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, March 31, 2019 | $ | 10,630 |  |  | $ | 12,647 |  |  | $ | 3,425 |  |  | $ | 6,015 |  |  | $ | 584 |  |  | $ | 6,572 |  |  | $ | 117 |  |  | $ | 3,689 |  |  | $ | 43,679 |
Charge-offs | — |  |  | (183) |  |  | (66) |  |  | — |  |  | — |  |  | (69) |  |  | — |  |  | (932) |  |  | (1,250) |
Recoveries | 7 |  |  | 338 |  |  | 97 |  |  | — |  |  | 114 |  |  | 8 |  |  | — |  |  | 49 |  |  | 613 |
Provision for loan and lease losses | (711) |  |  | 934 |  |  | (96) |  |  | 144 |  |  | (49) |  |  | (2,343) |  |  | 6 |  |  | 7,461 |  |  | 5,346 |
Ending Balance, June 30, 2019 | $ | 9,926 |  |  | $ | 13,736 |  |  | $ | 3,360 |  |  | $ | 6,159 |  |  | $ | 649 |  |  | $ | 4,168 |  |  | $ | 123 |  |  | $ | 10,267 |  |  | $ | 48,388 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, December 31, 2018 | $ | 11,462 |  |  | $ | 12,145 |  |  | $ | 3,320 |  |  | $ | 6,093 |  |  | $ | 624 |  |  | $ | 3,654 |  |  | $ | 145 |  |  | $ | 2,529 |  |  | $ | 39,972 |
Charge-offs | (541) |  |  | (183) |  |  | (74) |  |  | — |  |  | — |  |  | (109) |  |  | — |  |  | (1,687) |  |  | (2,594) |
Recoveries | 7 |  |  | 457 |  |  | 225 |  |  | — |  |  | 120 |  |  | 15 |  |  | — |  |  | 73 |  |  | 897 |
Provision for loan and lease losses | (1,002) |  |  | 1,317 |  |  | (111) |  |  | 66 |  |  | (95) |  |  | 608 |  |  | (22) |  |  | 9,352 |  |  | 10,113 |
Ending Balance, June 30, 2019 | $ | 9,926 |  |  | $ | 13,736 |  |  | $ | 3,360 |  |  | $ | 6,159 |  |  | $ | 649 |  |  | $ | 4,168 |  |  | $ | 123 |  |  | $ | 10,267 |  |  | $ | 48,388 |
Analysis of Loans Modified in Troubled Debt Restructuring by Type of Concession | The following table presents loans modified in a TDR by type of concession for the three and six months ended June 30, 2020 and 2019. There were no modifications that involved forgiveness of debt for the three and six months ended June 30, 2020 and 2019.
| Three Months Ended June 30, |  |  |  |  |  |  |  | Six Months Ended June 30, |  |  |  |  |  |
| 2020 |  |  |  | 2019 |  |  |  | 2020 |  |  |  | 2019 |  |
(dollars in thousands) | Number of loans |  | Recorded investment |  | Number of loans |  | Recorded investment |  | Number of loans |  | Recorded investment |  | Number of loans |  | Recorded investment
Extensions of maturity | 2 |  |  | $ | 140 |  |  | — |  |  | $ | — |  |  | 6 |  |  | $ | 385 |  |  | 2 |  |  | $ | 514 |
Interest-rate reductions | 20 |  |  | 843 |  |  | 2 |  |  | 47 |  |  | 32 |  |  | 1,373 |  |  | 12 |  |  | 432 |
Total | 22 |  |  | $ | 983 |  |  | 2 |  |  | $ | 47 |  |  | 38 |  |  | $ | 1,758 |  |  | 14 |  |  | $ | 946 |
Summary of Loans Modified in Troubled Debt Restructurings and Related Recorded Investment Within Twelve Months | The following table presents, by loan type, the number of loans modified in TDRs and the related recorded investment, for which there was a payment default within twelve months following the modification:
| June 30, 2020 |  |  |  | June 30, 2019 |  |
(dollars in thousands) | Number of loans |  | Recorded investment |  | Number of loans |  | Recorded investment
Manufactured housing | — |  |  | $ | — |  |  | 3 |  |  | $ | 108 |
Commercial and industrial | — |  |  | — |  |  | 1 |  |  | — |
Commercial real estate owner occupied | 1 |  |  | 958 |  |  | — |  |  | — |
Residential real estate | 4 |  |  | 313 |  |  | — |  |  | — |
Total loans | 5 |  |  | $ | 1,271 |  |  | 4 |  |  | $ | 108 |
Credit Ratings of Covered and Non-Covered Loan Portfolio | The following tables present the credit ratings of loans and leases receivable as of June 30, 2020 and December 31, 2019. PPP loans are excluded in the tables below as these loans are fully guaranteed by the SBA.
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving loans amortized cost basis |  | Revolving loans converted to term |  | Total
Multi-family loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 124,920 |  |  | $ | 23,534 |  |  | $ | 170,856 |  |  | $ | 417,942 |  |  | $ | 264,780 |  |  | $ | 507,568 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,509,600 |
Special mention | — |  |  | — |  |  | — |  |  | 19,509 |  |  | 1,960 |  |  | 17,753 |  |  | — |  |  | — |  |  | 39,222 |
Substandard | — |  |  | — |  |  | — |  |  | 12,006 |  |  | 13,862 |  |  | 7,149 |  |  | — |  |  | — |  |  | 33,017 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total multi-family loans | $ | 124,920 |  |  | $ | 23,534 |  |  | $ | 170,856 |  |  | $ | 449,457 |  |  | $ | 280,602 |  |  | $ | 532,470 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,581,839 |
Commercial and industrial loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 439,083 |  |  | $ | 462,717 |  |  | $ | 152,557 |  |  | $ | 109,701 |  |  | $ | 52,470 |  |  | $ | 94,383 |  |  | $ | 698,721 |  |  | $ | — |  |  | $ | 2,009,632 |
Special mention | — |  |  | 7,258 |  |  | 2,297 |  |  | 17,402 |  |  | 116 |  |  | 25 |  |  | 17,957 |  |  | — |  |  | 45,055 |
Substandard | 6,360 |  |  | 5,327 |  |  | 12,776 |  |  | 1,663 |  |  | 7,530 |  |  | 3,042 |  |  | 8,057 |  |  | — |  |  | 44,755 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial loans and leases | $ | 445,443 |  |  | $ | 475,302 |  |  | $ | 167,630 |  |  | $ | 128,766 |  |  | $ | 60,116 |  |  | $ | 97,450 |  |  | $ | 724,735 |  |  | $ | — |  |  | $ | 2,099,442 |
Commercial real estate owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 31,240 |  |  | $ | 184,684 |  |  | $ | 86,611 |  |  | $ | 72,708 |  |  | $ | 48,643 |  |  | $ | 95,921 |  |  | $ | 1,628 |  |  | $ | — |  |  | $ | 521,435 |
Special mention | — |  |  | — |  |  | 480 |  |  | 9,484 |  |  | — |  |  | 392 |  |  | — |  |  | — |  |  | 10,356 |
Substandard | — |  |  | — |  |  | — |  |  | 350 |  |  | 2,255 |  |  | 10,376 |  |  | — |  |  | — |  |  | 12,981 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate owner occupied loans | $ | 31,240 |  |  | $ | 184,684 |  |  | $ | 87,091 |  |  | $ | 82,542 |  |  | $ | 50,898 |  |  | $ | 106,689 |  |  | $ | 1,628 |  |  | $ | — |  |  | $ | 544,772 |
Commercial real estate non-owner occupied: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 117,101 |  |  | $ | 117,140 |  |  | $ | 117,600 |  |  | $ | 249,173 |  |  | $ | 199,822 |  |  | $ | 376,641 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,177,477 |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,477 |  |  | — |  |  | — |  |  | 10,477 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 2,437 |  |  | 26,461 |  |  | — |  |  | — |  |  | 28,898 |
Doubtful | — |  |  | — |  |  | 27,921 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27,921 |
Total commercial real estate non-owner occupied loans | $ | 117,101 |  |  | $ | 117,140 |  |  | $ | 145,521 |  |  | $ | 249,173 |  |  | $ | 202,259 |  |  | $ | 413,579 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,244,773 |
Construction: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 4,862 |  |  | $ | 88,550 |  |  | $ | 23,358 |  |  | $ | — |  |  | $ | 9,803 |  |  | $ | — |  |  | $ | 2,261 |  |  | $ | — |  |  | $ | 128,834 |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total construction loans | $ | 4,862 |  |  | $ | 88,550 |  |  | $ | 23,358 |  |  | $ | — |  |  | $ | 9,803 |  |  | $ | — |  |  | $ | 2,261 |  |  | $ | — |  |  | $ | 128,834 |
Total commercial loans and leases receivable | $ | 723,566 |  |  | $ | 889,210 |  |  | $ | 594,456 |  |  | $ | 909,938 |  |  | $ | 603,678 |  |  | $ | 1,150,188 |  |  | $ | 728,624 |  |  | $ | — |  |  | $ | 5,599,660 |
Residential real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 2,349 |  |  | $ | 54,663 |  |  | $ | 64,362 |  |  | $ | 67,128 |  |  | $ | 46,654 |  |  | $ | 83,669 |  |  | $ | 21,803 |  |  | $ | — |  |  | $ | 340,628 |
Non-performing | 66 |  |  | — |  |  | 857 |  |  | 823 |  |  | 865 |  |  | 4,441 |  |  | 429 |  |  | — |  |  | 7,481 |
Total residential real estate loans | $ | 2,415 |  |  | $ | 54,663 |  |  | $ | 65,219 |  |  | $ | 67,951 |  |  | $ | 47,519 |  |  | $ | 88,110 |  |  | $ | 22,232 |  |  | $ | — |  |  | $ | 348,109 |
Manufactured housing loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | — |  |  | $ | 311 |  |  | $ | 640 |  |  | $ | 80 |  |  | $ | 43 |  |  | $ | 62,072 |  |  | $ | — |  |  | $ | — |  |  | $ | 63,146 |
Non-performing | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,719 |  |  | — |  |  | — |  |  | 3,719 |
Total manufactured housing loans | $ | — |  |  | $ | 311 |  |  | $ | 640 |  |  | $ | 80 |  |  | $ | 43 |  |  | $ | 65,791 |  |  | $ | — |  |  | $ | — |  |  | $ | 66,865 |
Other consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 165,436 |  |  | $ | 943,581 |  |  | $ | 135,926 |  |  | $ | 6,034 |  |  | $ | 648 |  |  | $ | 1,292 |  |  | $ | 32 |  |  | $ | — |  |  | $ | 1,252,949 |
Non-performing | 243 |  |  | 3,610 |  |  | 853 |  |  | 23 |  |  | — |  |  | 135 |  |  | — |  |  | — |  |  | 4,864 |
Total other consumer loans | $ | 165,679 |  |  | $ | 947,191 |  |  | $ | 136,779 |  |  | $ | 6,057 |  |  | $ | 648 |  |  | $ | 1,427 |  |  | $ | 32 |  |  | $ | — |  |  | $ | 1,257,813 |
Total consumer loans | $ | 168,094 |  |  | $ | 1,002,165 |  |  | $ | 202,638 |  |  | $ | 74,088 |  |  | $ | 48,210 |  |  | $ | 155,328 |  |  | $ | 22,264 |  |  | $ | — |  |  | $ | 1,672,787 |
Loans and leases receivable | $ | 891,660 |  |  | $ | 1,891,375 |  |  | $ | 797,094 |  |  | $ | 984,026 |  |  | $ | 651,888 |  |  | $ | 1,305,516 |  |  | $ | 750,888 |  |  | $ | — |  |  | $ | 7,272,447 |
| December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(amounts in thousands) | Multi-family |  | Commercial and industrial |  | Commercial real estate owner occupied |  | Commercial real estate non-owner occupied |  | Construction |  | Residential real estate |  | Manufactured housing |  | Other consumer |  | Total (3)
Pass/Satisfactory | $ | 1,816,200 |  |  | $ | 1,841,074 |  |  | $ | 536,777 |  |  | $ | 1,129,838 |  |  | $ | 118,418 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,442,307 |
Special Mention | 69,637 |  |  | 26,285 |  |  | 8,286 |  |  | 6,949 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 111,157 |
Substandard | 23,437 |  |  | 22,621 |  |  | 6,944 |  |  | 86,742 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 139,744 |
Performing (1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 362,962 |  |  | 63,250 |  |  | 1,170,976 |  |  | 1,597,188 |
Non-performing (2) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,052 |  |  | 7,148 |  |  | 7,307 |  |  | 26,507 |
Total | $ | 1,909,274 |  |  | $ | 1,889,980 |  |  | $ | 552,007 |  |  | $ | 1,223,529 |  |  | $ | 118,418 |  |  | $ | 375,014 |  |  | $ | 70,398 |  |  | $ | 1,178,283 |  |  | $ | 7,316,903 |
(1)Includes residential real estate, manufactured housing, and other consumer loans not assigned internal ratings. (2)Includes residential real estate, manufactured housing, and other consumer loans that are past due and still accruing interest or on nonaccrual status. (3)Excludes commercial mortgage warehouse loans reported at fair value.
Schedule of Loan Purchases and Sales | Purchases and sales of loans were as follows for the three and six months ended June 30, 2020 and 2019:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(amounts in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Purchases (1) |  |  |  |  |  |  |
Residential real estate | $ | — |  |  | $ | 39,474 |  |  | $ | 495 |  |  | $ | 105,858 |
Other consumer (2) | 18,008 |  |  | 384,116 |  |  | 209,768 |  |  | 450,252 |
Total | $ | 18,008 |  |  | $ | 423,590 |  |  | $ | 210,263 |  |  | $ | 556,110 |
Sales (3) |  |  |  |  |  |  |
Other consumer | — |  |  | — |  |  | 1,822 |  |  | — |
Total | $ | — |  |  | $ | — |  |  | $ | 1,822 |  |  | $ | — |
(1)Amounts reported in the above table are the unpaid principal balance at time of purchase. The purchase price was 98.5% and 100.6% of loans outstanding for the three months ended June 30, 2020 and 2019, respectively. The purchase price was 100.4% and 99.9% of loans outstanding for the six months ended June 30, 2020 and 2019, respectively. (2)Other consumer loan purchases for the three and six months ended June 30, 2020 and 2019 consist of third-party originated unsecured consumer loans. None of the loans are considered sub-prime at the time of origination. Customers considers sub-prime borrowers to be those with FICO scores below 660. (3)Amounts reported in the above table are the unpaid principal balance at time of sale. There were no loan sales in the three and six months ended June 30, 2019.

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