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Loans and Leases Receivable and Allowance for Credit Losses on Loans and Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Schedule of Loans and Leases Receivable | The following table presents loans and leases receivable as of September 30, 2023 and December 31, 2022.
(amounts in thousands) | September 30, 2023 |  | December 31, 2022
Loans and leases receivable, mortgage warehouse, at fair value | $ | 962,566 |  |  | $ | 1,323,312 |
Loans receivable, PPP | 137,063 |  |  | 998,153 |
Loans and leases receivable: |  |  |
Commercial: |  |  |
Commercial and industrial: |  |  |
Specialty lending (1) | 5,422,161 |  |  | 5,412,887 |
Other commercial and industrial | 1,195,347 |  |  | 1,259,943 |
Multifamily | 2,130,213 |  |  | 2,213,019 |
Commercial real estate owner occupied | 794,815 |  |  | 885,339 |
Commercial real estate non-owner occupied | 1,178,203 |  |  | 1,290,730 |
Construction | 252,588 |  |  | 162,009 |
Total commercial loans and leases receivable | 10,973,327 |  |  | 11,223,927 |
Consumer: |  |  |
Residential real estate | 483,133 |  |  | 497,952 |
Manufactured housing | 40,129 |  |  | 45,076 |
Installment: |  |  |
Personal | 629,843 |  |  | 964,641 |
Other | 337,053 |  |  | 413,298 |
Total consumer loans receivable | 1,490,158 |  |  | 1,920,967 |
Loans and leases receivable | 12,463,485 |  |  | 13,144,894 |
Allowance for credit losses on loans and leases | (139,213) |  |  | (130,924) |
Total loans and leases receivable, net of allowance for credit losses on loans and leases (2) | $ | 13,423,901 |  |  | $ | 15,335,435 |
(1)Includes direct finance equipment leases of $193.8 million and $157.4 million at September 30, 2023 and December 31, 2022, respectively. (2)Includes deferred (fees) costs and unamortized (discounts) premiums, net of $(35.8) million and $(21.5) million at September 30, 2023 and December 31, 2022, 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 September 30, 2023 and December 31, 2022:
| September 30, 2023
(amounts in thousands) | 30-59 Days past due (1) |  | 60-89 Days past due (1) |  | 90 Days or more past due (2) |  | Total past due |  | Loans and leases not past due (3)(4) |  | Total loans and leases (4)
Commercial and industrial, including specialty lending | $ | 2,070 |  |  | $ | 1,273 |  |  | $ | 5,290 |  |  | $ | 8,633 |  |  | $ | 6,608,875 |  |  | $ | 6,617,508 |
Multifamily | — |  |  | — |  |  | — |  |  | — |  |  | 2,130,213 |  |  | 2,130,213 |
Commercial real estate owner occupied | 50 |  |  | 3,234 |  |  | 7,392 |  |  | 10,676 |  |  | 784,139 |  |  | 794,815 |
Commercial real estate non-owner occupied | — |  |  | — |  |  | — |  |  | — |  |  | 1,178,203 |  |  | 1,178,203 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | 252,588 |  |  | 252,588 |
Residential real estate | 3,773 |  |  | 2,898 |  |  | 3,831 |  |  | 10,502 |  |  | 472,631 |  |  | 483,133 |
Manufactured housing | 673 |  |  | 367 |  |  | 3,207 |  |  | 4,247 |  |  | 35,882 |  |  | 40,129 |
Installment | 9,728 |  |  | 7,444 |  |  | 7,299 |  |  | 24,471 |  |  | 942,425 |  |  | 966,896 |
Total | $ | 16,294 |  |  | $ | 15,216 |  |  | $ | 27,019 |  |  | $ | 58,529 |  |  | $ | 12,404,956 |  |  | $ | 12,463,485 |
| December 31, 2022
(amounts in thousands) | 30-59 Days past due (1) |  | 60-89 Days past due (1) |  | 90 Days or more past due (2) |  | Total past due |  | Loans and leases not past due (3) |  | Total loans and leases (4)
Commercial and industrial, including specialty lending | $ | 3,123 |  |  | $ | 717 |  |  | $ | 1,415 |  |  | $ | 5,255 |  |  | $ | 6,667,575 |  |  | $ | 6,672,830 |
Multifamily | 10,684 |  |  | 5,217 |  |  | 1,143 |  |  | 17,044 |  |  | 2,195,975 |  |  | 2,213,019 |
Commercial real estate owner occupied | 5,173 |  |  | — |  |  | 2,704 |  |  | 7,877 |  |  | 877,462 |  |  | 885,339 |
Commercial real estate non-owner occupied | 2,136 |  |  | — |  |  | 11 |  |  | 2,147 |  |  | 1,288,583 |  |  | 1,290,730 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | 162,009 |  |  | 162,009 |
Residential real estate | 5,208 |  |  | 1,157 |  |  | 3,158 |  |  | 9,523 |  |  | 488,429 |  |  | 497,952 |
Manufactured housing | 901 |  |  | 537 |  |  | 3,346 |  |  | 4,784 |  |  | 40,292 |  |  | 45,076 |
Installment | 11,246 |  |  | 7,942 |  |  | 9,527 |  |  | 28,715 |  |  | 1,349,224 |  |  | 1,377,939 |
Total | $ | 38,471 |  |  | $ | 15,570 |  |  | $ | 21,304 |  |  | $ | 75,345 |  |  | $ | 13,069,549 |  |  | $ | 13,144,894 |
(1)Includes past due loans and leases that are accruing interest because collection is considered probable. (2)Includes loans amounting to $0.6 million and $1.9 million as of September 30, 2023 and December 31, 2022, respectively, that are still accruing interest because collection is considered probable. (3)Loans and leases where next payment due is less than 30 days from the report date. The tables exclude PPP loans of $137.1 million, of which $1.3 million were 30-59 days past due and $106.9 million were 60 days or more past due as of September 30, 2023, and PPP loans of $998.2 million, of which $0.6 million were 30-59 days past due and $36.0 million were 60 days or more past due as of December 31, 2022. Claims for guarantee payments are submitted to the SBA for eligible PPP loans that are more than 60 days past due. (4)Includes PCD loans of $195.8 million and $8.3 million at September 30, 2023 and December 31, 2022, respectively. On June 15, 2023, Customers acquired $631.0 million of Venture Banking loan portfolio (included within Specialty Lending above) from the FDIC, which included $228.7 million of PCD loans.
Amortized cost of Loans and Leases on Nonaccrual Status | The following table presents the amortized cost of loans and leases held for investment on nonaccrual status.
| September 30, 2023 (1) |  | December 31, 2022 (1) |  |  |  |
(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 |  |  |  |  |  |  |  |
Commercial and industrial, including specialty lending | $ | 3,297 |  |  | $ | 2,470 |  |  | $ | 5,767 |  |  | $ | 1,731 |  |  | $ | 30 |  |  | $ | 1,761 |  |  |  |  |  |  |  |  |
Multifamily | — |  |  | — |  |  | — |  |  | 1,143 |  |  | — |  |  | 1,143 |  |  |  |  |  |  |  |  |
Commercial real estate owner occupied | 7,442 |  |  | — |  |  | 7,442 |  |  | 2,768 |  |  | — |  |  | 2,768 |  |  |  |  |  |  |  |  |
Residential real estate | 6,441 |  |  | 118 |  |  | 6,559 |  |  | 6,922 |  |  | — |  |  | 6,922 |  |  |  |  |  |  |  |  |
Manufactured housing | — |  |  | 2,582 |  |  | 2,582 |  |  | — |  |  | 2,410 |  |  | 2,410 |  |  |  |  |  |  |  |  |
Installment | — |  |  | 7,299 |  |  | 7,299 |  |  | — |  |  | 9,527 |  |  | 9,527 |  |  |  |  |  |  |  |  |
Total | $ | 17,180 |  |  | $ | 12,469 |  |  | $ | 29,649 |  |  | $ | 12,564 |  |  | $ | 11,967 |  |  | $ | 24,531 |  |  |  |  |  |  |  |  |
(1) Presented at amortized cost basis.
Schedule of Allowance for Credit Losses on Loans and Leases | The changes in the ACL on loans and leases by loan and lease type for the three and nine months ended September 30, 2023 and 2022 are presented in the tables below.
(amounts in thousands) | Commercial and industrial (1) |  | Multifamily |  | Commercial real estate owner occupied |  | Commercial real estate non-owner occupied |  | Construction |  | Residential real estate |  | Manufactured housing |  | Installment |  |  |  | Total
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, June 30, 2023 | $ | 29,092 |  |  | $ | 15,400 |  |  | $ | 10,215 |  |  | $ | 13,495 |  |  | $ | 2,639 |  |  | $ | 6,846 |  |  | $ | 4,338 |  |  | $ | 57,631 |  |  |  |  | $ | 139,656 |
Charge-offs | (9,008) |  |  | (1,999) |  |  | (39) |  |  | — |  |  | — |  |  | (42) |  |  | — |  |  | (18,932) |  |  |  |  | (30,020) |
Recoveries | 6,034 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | 6,459 |  |  |  |  | 12,522 |
Provision (benefit) for credit losses on loans and leases | (1,132) |  |  | 2,469 |  |  | 187 |  |  | 2,324 |  |  | 491 |  |  | (31) |  |  | (258) |  |  | 13,005 |  |  |  |  | 17,055 |
Ending Balance, September 30, 2023 | $ | 24,986 |  |  | $ | 15,870 |  |  | $ | 10,363 |  |  | $ | 15,819 |  |  | $ | 3,130 |  |  | $ | 6,802 |  |  | $ | 4,080 |  |  | $ | 58,163 |  |  |  |  | $ | 139,213 |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, December 31, 2022 | $ | 17,582 |  |  | $ | 14,541 |  |  | $ | 6,454 |  |  | $ | 11,219 |  |  | $ | 1,913 |  |  | $ | 6,094 |  |  | $ | 4,430 |  |  | $ | 68,691 |  |  |  |  | $ | 130,924 |
Allowance for credit losses on FDIC PCD loans, net of charge-offs (2) | 2,576 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,576 |
Charge-offs | (9,600) |  |  | (3,447) |  |  | (39) |  |  | (4,527) |  |  | — |  |  | (69) |  |  | — |  |  | (52,031) |  |  |  |  | (69,713) |
Recoveries | 6,439 |  |  | — |  |  | 34 |  |  | 27 |  |  | 116 |  |  | 34 |  |  | — |  |  | 11,350 |  |  |  |  | 18,000 |
Provision (benefit) for credit losses on loans and leases | 7,989 |  |  | 4,776 |  |  | 3,914 |  |  | 9,100 |  |  | 1,101 |  |  | 743 |  |  | (350) |  |  | 30,153 |  |  |  |  | 57,426 |
Ending Balance, September 30, 2023 | $ | 24,986 |  |  | $ | 15,870 |  |  | $ | 10,363 |  |  | $ | 15,819 |  |  | $ | 3,130 |  |  | $ | 6,802 |  |  | $ | 4,080 |  |  | $ | 58,163 |  |  |  |  | $ | 139,213 |
(amounts in thousands) | Commercial and industrial (1) |  | Multifamily |  | Commercial real estate owner occupied |  | Commercial real estate non-owner occupied |  | Construction |  | Residential real estate |  | Manufactured housing |  | Installment |  |  |  | Total
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, June 30, 2022 | $ | 11,081 |  |  | $ | 9,765 |  |  | $ | 4,745 |  |  | $ | 8,880 |  |  | $ | 1,179 |  |  | $ | 5,578 |  |  | $ | 4,080 |  |  | $ | 111,222 |  |  |  |  | $ | 156,530 |
Charge-offs | (2,657) |  |  | — |  |  | — |  |  | (4,862) |  |  | — |  |  | — |  |  | — |  |  | (13,965) |  |  |  |  | (21,484) |
Recoveries | 76 |  |  | — |  |  | — |  |  | 31 |  |  | 10 |  |  | 13 |  |  | — |  |  | 2,857 |  |  |  |  | 2,987 |
Provision (benefit) for credit losses on loans and leases | 6,631 |  |  | 4,479 |  |  | 1,475 |  |  | 7,283 |  |  | 425 |  |  | (138) |  |  | 402 |  |  | (28,393) |  |  |  |  | (7,836) |
Ending Balance, September 30, 2022 | $ | 15,131 |  |  | $ | 14,244 |  |  | $ | 6,220 |  |  | $ | 11,332 |  |  | $ | 1,614 |  |  | $ | 5,453 |  |  | $ | 4,482 |  |  | $ | 71,721 |  |  |  |  | $ | 130,197 |
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, December 31, 2021 | $ | 12,702 |  |  | $ | 4,477 |  |  | $ | 3,213 |  |  | $ | 6,210 |  |  | $ | 692 |  |  | $ | 2,383 |  |  | $ | 4,278 |  |  | $ | 103,849 |  |  |  |  | $ | 137,804 |
Charge-offs | (3,235) |  |  | (1,990) |  |  | — |  |  | (5,025) |  |  | — |  |  | (4) |  |  | — |  |  | (35,681) |  |  |  |  | (45,935) |
Recoveries | 1,129 |  |  | 337 |  |  | 49 |  |  | 43 |  |  | 226 |  |  | 58 |  |  | — |  |  | 4,889 |  |  |  |  | 6,731 |
Provision (benefit) for credit losses on loans and leases | 4,535 |  |  | 11,420 |  |  | 2,958 |  |  | 10,104 |  |  | 696 |  |  | 3,016 |  |  | 204 |  |  | (1,336) |  |  |  |  | 31,597 |
Ending Balance, September 30, 2022 | $ | 15,131 |  |  | $ | 14,244 |  |  | $ | 6,220 |  |  | $ | 11,332 |  |  | $ | 1,614 |  |  | $ | 5,453 |  |  | $ | 4,482 |  |  | $ | 71,721 |  |  |  |  | $ | 130,197 |
(1) Includes Specialty Lending. (2) Represents $8.7 million of allowance for credit losses on PCD loans recognized upon acquisition of a Venture Banking loan portfolio (included within Specialty Lending) from the FDIC on June 15, 2023, net of $6.2 million of charge-offs for certain of these PCD loans upon acquisition.
Summary of Loans Modified in Troubled Debt Restructurings and Related Recorded Investment | The following table presents the amortized cost of loans that were modified to borrowers experiencing financial difficulty for the three and nine months ended September 30, 2023, disaggregated by class of financing receivable and type of modification granted.
|  |  | Three Months Ended September 30, 2023 |  |
(dollars in thousands) |  |  | Term Extension |  | Payment Deferral |  | Debt Forgiveness |  | Interest Rate Reduction and Term Extension |  | Total |  | Percentage of Total by Financing Class |  |  |  |  |  |  |  |  |  |  |  |
Manufactured housing |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 99 |  |  | $ | 99 |  |  | 0.25 | % |  |  |  |  |  |  |  |  |  |  |  |
Personal installment |  |  | 3,863 |  |  | 210 |  |  | 28 |  |  | — |  |  | 4,101 |  |  | 0.42 | % |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  | $ | 3,863 |  |  | $ | 210 |  |  | $ | 28 |  |  | $ | 99 |  |  | $ | 4,200 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Nine Months Ended September 30, 2023 |  |
(dollars in thousands) |  |  | Term Extension |  | Payment Deferral |  | Debt Forgiveness |  | Interest Rate Reduction and Term Extension |  | Total |  | Percentage of Total by Financing Class |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate owner occupied |  |  | $ | 169 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 169 |  |  | 0.02 | % |  |  |  |  |  |  |  |  |  |  |  |
Manufactured housing |  |  | 6 |  |  | — |  |  | — |  |  | 113 |  |  | 119 |  |  | 0.30 | % |  |  |  |  |  |  |  |  |  |  |  |
Personal installment |  |  | 10,910 |  |  | 442 |  |  | 222 |  |  | — |  |  | 11,574 |  |  | 1.20 | % |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  | $ | 11,085 |  |  | $ | 442 |  |  | $ | 222 |  |  | $ | 113 |  |  | $ | 11,862 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The following table summarizes the impacts of loan modifications made to borrowers experiencing financial difficulty for the three and nine months ended September 30, 2023.
| Three Months Ended September 30, 2023
| Weighted Average |  |
(dollars in thousands) | Interest Rate Reduction (%) |  | Term Extension (in months) |  | Payment Deferral (in months) |  | Debt Forgiven
Manufactured housing | 4.4% |  | 31 |  | 0 |  | $ | — |
Personal installment | — |  | 6 |  | 6 |  | 20 |
| Nine Months Ended September 30, 2023
| Weighted Average |  |
(dollars in thousands) | Interest Rate Reduction (%) |  | Term Extension (in months) |  | Payment Deferral (in months) |  | Debt Forgiven
Commercial real estate owner occupied | — | % |  | 4 |  | 0 |  | $ | — |
Manufactured housing | 4.3 |  |  | 30 |  | 0 |  | — |
Personal installment | — |  |  | 6 |  | 6 |  | 183 |
The performance of loans made to borrowers experiencing financial difficulty in which modifications were made is closely monitored to understand the effectiveness of modification efforts. Loans are considered to be in payment default at 90 days or more past due. The following table presents an aging analysis of loan modifications made to borrowers experiencing financial difficulty during the nine months ended September 30, 2023.
| September 30, 2023 |  |
(dollars in thousands) | 30-59 Days past due |  | 60-89 Days past due |  | 90 Days or more past due |  | Current |  | Total |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate owner occupied | $ | — |  |  | $ | — |  |  | $ | 169 |  |  | $ | — |  |  | $ | 169 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufactured housing | — |  |  | — |  |  | — |  |  | 119 |  |  | 119 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal installment | 837 |  |  | 565 |  |  | 354 |  |  | 9,820 |  |  | 11,576 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total | $ | 837 |  |  | $ | 565 |  |  | $ | 523 |  |  | $ | 9,939 |  |  | $ | 11,864 |  |  |  |  |  |  |  |  |  |  |  |  |  |
The following table presents loans modified by type of concession for the three and nine months ended September 30, 2022. There were no modifications that involved forgiveness of debt for the three and nine months ended September 30, 2022.
|  |  |  |  | Three Months Ended September 30, 2022 |  |  |  |  |  | Nine Months Ended September 30, 2022
(dollars in thousands) |  |  |  |  | Number of loans |  | Recorded investment |  |  |  |  |  | Number of loans |  | Recorded investment
Interest-rate reductions |  |  |  |  | — |  |  | $ | — |  |  |  |  |  |  | 14 |  |  | $ | 470 |
Other (1) |  |  |  |  | 71 |  |  | 739 |  |  |  |  |  |  | 170 |  |  | 1,933 |
Total |  |  |  |  | 71 |  |  | $ | 739 |  |  |  |  |  |  | 184 |  |  | $ | 2,403 |
(1) Other includes covenant modifications, forbearance, loans discharged under Chapter 7 bankruptcy, or other concessions.
Financing Receivable, Modified, Subsequent Default | 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.
| September 30, 2022 |  |  |  |
(dollars in thousands) | Number of loans |  | Recorded investment |  |  |  |  |  |  |  |
Manufactured housing | 1 |  |  | $ | 46 |  |  |  |  |  |  |  |  |
Residential real estate | 1 |  |  | 119 |  |  |  |  |  |  |  |  |
Installment | 34 |  |  | 420 |  |  |  |  |  |  |  |  |
Total loans | 36 |  |  | $ | 585 |  |  |  |  |  |  |  |  |
Credit Ratings of Covered and Non-Covered Loan Portfolio | The following tables present the credit ratings of loans and leases receivable and current period gross write-offs as of September 30, 2023 and December 31, 2022.
| Term Loans Amortized Cost Basis by Origination Year as of September 30, 2023 |  |  |  |  |  |
(amounts in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving loans amortized cost basis |  | Revolving loans converted to term |  | Total
Commercial and industrial loans and leases, including specialty lending: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,031,612 |  |  | $ | 2,268,670 |  |  | $ | 522,684 |  |  | $ | 174,974 |  |  | $ | 168,998 |  |  | $ | 85,084 |  |  | $ | 1,984,328 |  |  | $ | 204,135 |  |  | $ | 6,440,485 |
Special mention | 19,000 |  |  | 3,379 |  |  | 18,923 |  |  | 1,986 |  |  | — |  |  | 272 |  |  | 3,088 |  |  | 4,558 |  |  | 51,206 |
Substandard | — |  |  | 18,462 |  |  | 25,388 |  |  | 27,196 |  |  | 5,854 |  |  | 44,809 |  |  | 4,108 |  |  | — |  |  | 125,817 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial loans and leases | $ | 1,050,612 |  |  | $ | 2,290,511 |  |  | $ | 566,995 |  |  | $ | 204,156 |  |  | $ | 174,852 |  |  | $ | 130,165 |  |  | $ | 1,991,524 |  |  | $ | 208,693 |  |  | $ | 6,617,508 |
Commercial and industrial loans and leases charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 (1)(2) | $ | 138 |  |  | $ | 143 |  |  | $ | — |  |  | $ | 8,528 |  |  | $ | — |  |  | $ | 199 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,008 |
Nine Months Ended September 30, 2023 (1)(2) | 138 |  |  | 365 |  |  | 23 |  |  | 8,554 |  |  | 24 |  |  | 496 |  |  | — |  |  | — |  |  | 9,600 |
| Term Loans Amortized Cost Basis by Origination Year as of September 30, 2023 |  |  |  |  |  |
(amounts in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving loans amortized cost basis |  | Revolving loans converted to term |  | Total
Multifamily loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 778 |  |  | $ | 1,242,054 |  |  | $ | 359,025 |  |  | $ | 128,185 |  |  | $ | 21,610 |  |  | $ | 260,432 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,012,084 |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 74,509 |  |  | — |  |  | — |  |  | 74,509 |
Substandard | — |  |  | — |  |  | 1,480 |  |  | — |  |  | — |  |  | 42,140 |  |  | — |  |  | — |  |  | 43,620 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total multifamily loans | $ | 778 |  |  | $ | 1,242,054 |  |  | $ | 360,505 |  |  | $ | 128,185 |  |  | $ | 21,610 |  |  | $ | 377,081 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,130,213 |
Multifamily loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,999 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,999 |
Nine Months Ended September 30, 2023 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,447 |  |  | — |  |  | — |  |  | 3,447 |
Commercial real estate owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 25,225 |  |  | $ | 257,777 |  |  | $ | 181,397 |  |  | $ | 88,803 |  |  | $ | 82,090 |  |  | $ | 126,363 |  |  | $ | — |  |  | $ | — |  |  | $ | 761,655 |
Special mention | — |  |  | — |  |  | 15,477 |  |  | — |  |  | — |  |  | 523 |  |  | — |  |  | — |  |  | 16,000 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | 347 |  |  | 16,813 |  |  | — |  |  | — |  |  | 17,160 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate owner occupied loans | $ | 25,225 |  |  | $ | 257,777 |  |  | $ | 196,874 |  |  | $ | 88,803 |  |  | $ | 82,437 |  |  | $ | 143,699 |  |  | $ | — |  |  | $ | — |  |  | $ | 794,815 |
Commercial real estate owner occupied loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 39 |  |  | $ | — |  |  | $ | — |  |  | $ | 39 |
Nine Months Ended September 30, 2023 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 39 |  |  | — |  |  | — |  |  | 39 |
Commercial real estate non-owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 3,710 |  |  | $ | 322,767 |  |  | $ | 116,015 |  |  | $ | 151,875 |  |  | $ | 71,562 |  |  | $ | 371,130 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,037,059 |
Special mention | — |  |  | — |  |  | — |  |  | 20,832 |  |  | 17,433 |  |  | 9,209 |  |  | — |  |  | — |  |  | 47,474 |
Substandard | — |  |  | 10,910 |  |  | — |  |  | — |  |  | 10,679 |  |  | 72,081 |  |  | — |  |  | — |  |  | 93,670 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate non-owner occupied loans | $ | 3,710 |  |  | $ | 333,677 |  |  | $ | 116,015 |  |  | $ | 172,707 |  |  | $ | 99,674 |  |  | $ | 452,420 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,178,203 |
Commercial real estate non-owner occupied loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Nine Months Ended September 30, 2023 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,527 |  |  | — |  |  | — |  |  | 4,527 |
Construction loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 20,906 |  |  | $ | 151,144 |  |  | $ | 23,573 |  |  | $ | 1,788 |  |  | $ | 29,298 |  |  | $ | 14,162 |  |  | $ | — |  |  | $ | 11,577 |  |  | $ | 252,448 |
Special mention | 140 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 140 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total construction loans | $ | 21,046 |  |  | $ | 151,144 |  |  | $ | 23,573 |  |  | $ | 1,788 |  |  | $ | 29,298 |  |  | $ | 14,162 |  |  | $ | — |  |  | $ | 11,577 |  |  | $ | 252,588 |
Construction loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Nine Months Ended September 30, 2023 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial loans and leases receivable | $ | 1,101,371 |  |  | $ | 4,275,163 |  |  | $ | 1,263,962 |  |  | $ | 595,639 |  |  | $ | 407,871 |  |  | $ | 1,117,527 |  |  | $ | 1,991,524 |  |  | $ | 220,270 |  |  | $ | 10,973,327 |
Total commercial loans and leases receivable charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | 138 |  |  | $ | 143 |  |  | $ | — |  |  | $ | 8,528 |  |  | $ | — |  |  | $ | 2,237 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,046 |
Nine Months Ended September 30, 2023 | 138 |  |  | 365 |  |  | 23 |  |  | 8,554 |  |  | 24 |  |  | 8,509 |  |  | — |  |  | — |  |  | 17,613 |
| Term Loans Amortized Cost Basis by Origination Year as of September 30, 2023 |  |  |  |  |  |
(amounts in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving loans amortized cost basis |  | Revolving loans converted to term |  | Total
Residential real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 12,592 |  |  | $ | 175,897 |  |  | $ | 134,100 |  |  | $ | 6,519 |  |  | $ | 15,769 |  |  | $ | 72,798 |  |  | $ | 59,589 |  |  | $ | — |  |  | $ | 477,264 |
Non-performing | — |  |  | 352 |  |  | 819 |  |  | 231 |  |  | 424 |  |  | 3,856 |  |  | 187 |  |  | — |  |  | 5,869 |
Total residential real estate loans | $ | 12,592 |  |  | $ | 176,249 |  |  | $ | 134,919 |  |  | $ | 6,750 |  |  | $ | 16,193 |  |  | $ | 76,654 |  |  | $ | 59,776 |  |  | $ | — |  |  | $ | 483,133 |
Residential real estate loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |  |  | $ | — |  |  | $ | 42 |
Nine Months Ended September 30, 2023 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 69 |  |  | — |  |  | — |  |  | 69 |
Manufactured housing loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 195 |  |  | $ | 37,013 |  |  | $ | — |  |  | $ | — |  |  | $ | 37,208 |
Non-performing | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,921 |  |  | — |  |  | — |  |  | 2,921 |
Total manufactured housing loans | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 195 |  |  | $ | 39,934 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,129 |
Manufactured housing loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Nine Months Ended September 30, 2023 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Installment loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 165,527 |  |  | $ | 398,708 |  |  | $ | 212,516 |  |  | $ | 67,474 |  |  | $ | 55,564 |  |  | $ | 5,000 |  |  | $ | 54,232 |  |  | $ | — |  |  | $ | 959,021 |
Non-performing | 1,038 |  |  | 3,565 |  |  | 2,135 |  |  | 352 |  |  | 593 |  |  | 77 |  |  | 115 |  |  | — |  |  | 7,875 |
Total installment loans | $ | 166,565 |  |  | $ | 402,273 |  |  | $ | 214,651 |  |  | $ | 67,826 |  |  | $ | 56,157 |  |  | $ | 5,077 |  |  | $ | 54,347 |  |  | $ | — |  |  | $ | 966,896 |
Installment loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | 1,987 |  |  | $ | 7,222 |  |  | $ | 5,728 |  |  | $ | 1,574 |  |  | $ | 2,078 |  |  | $ | 343 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,932 |
Nine Months Ended September 30, 2023 | 5,475 |  |  | 17,041 |  |  | 18,219 |  |  | 4,667 |  |  | 5,544 |  |  | 1,085 |  |  | — |  |  | — |  |  | 52,031 |
Total consumer loans | $ | 179,157 |  |  | $ | 578,522 |  |  | $ | 349,570 |  |  | $ | 74,576 |  |  | $ | 72,545 |  |  | $ | 121,665 |  |  | $ | 114,123 |  |  | $ | — |  |  | $ | 1,490,158 |
Total consumer loans charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | 1,987 |  |  | $ | 7,222 |  |  | $ | 5,728 |  |  | $ | 1,574 |  |  | $ | 2,078 |  |  | $ | 385 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,974 |
Nine Months Ended September 30, 2023 | 5,475 |  |  | 17,041 |  |  | 18,219 |  |  | 4,667 |  |  | 5,544 |  |  | 1,154 |  |  | — |  |  | — |  |  | 52,100 |
Loans and leases receivable | $ | 1,280,528 |  |  | $ | 4,853,685 |  |  | $ | 1,613,532 |  |  | $ | 670,215 |  |  | $ | 480,416 |  |  | $ | 1,239,192 |  |  | $ | 2,105,647 |  |  | $ | 220,270 |  |  | $ | 12,463,485 |
Loans and leases receivable charge-offs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2023 | $ | 2,125 |  |  | $ | 7,365 |  |  | $ | 5,728 |  |  | $ | 10,102 |  |  | $ | 2,078 |  |  | $ | 2,622 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,020 |
Nine Months Ended September 30, 2023 | $ | 5,613 |  |  | $ | 17,406 |  |  | $ | 18,242 |  |  | $ | 13,221 |  |  | $ | 5,568 |  |  | $ | 9,663 |  |  | $ | — |  |  | $ | — |  |  | $ | 69,713 |
(1) Excludes $6.2 million of charge-offs for certain PCD loans against $8.7 million of allowance for credit losses on PCD loans recognized upon acquisition of a Venture Banking loan portfolio (included within Specialty Lending) from the FDIC on June 15, 2023. These PCD loans were originated in years 2016 to 2022. (2) Includes $7.0 million of charge-offs for commercial and industrial loans originated under the PPP that were subsequently determined to be ineligible for SBA forgiveness and guarantee and ultimately deemed uncollectible.
| Term Loans Amortized Cost Basis by Origination Year as of December 31, 2022 |  |  |  |  |  |
(amounts in thousands) | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Revolving loans amortized cost basis |  | Revolving loans converted to term |  | Total
Commercial and industrial loans and leases, including specialty lending: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 3,206,250 |  |  | $ | 682,132 |  |  | $ | 242,516 |  |  | $ | 198,866 |  |  | $ | 56,572 |  |  | $ | 83,417 |  |  | $ | 2,066,349 |  |  | $ | — |  |  | $ | 6,536,102 |
Special mention | 11,134 |  |  | 6,023 |  |  | 27,780 |  |  | — |  |  | 1,501 |  |  | 172 |  |  | 2,599 |  |  | — |  |  | 49,209 |
Substandard | — |  |  | 22,917 |  |  | 967 |  |  | 8,431 |  |  | 6,713 |  |  | 39,554 |  |  | 8,937 |  |  | — |  |  | 87,519 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial and industrial loans and leases | $ | 3,217,384 |  |  | $ | 711,072 |  |  | $ | 271,263 |  |  | $ | 207,297 |  |  | $ | 64,786 |  |  | $ | 123,143 |  |  | $ | 2,077,885 |  |  | $ | — |  |  | $ | 6,672,830 |
Multifamily loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,260,544 |  |  | $ | 364,047 |  |  | $ | 130,656 |  |  | $ | 22,167 |  |  | $ | 112,212 |  |  | $ | 203,215 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,092,841 |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | 4,959 |  |  | 50,858 |  |  | — |  |  | — |  |  | 55,817 |
Substandard | — |  |  | 1,500 |  |  | — |  |  | — |  |  | — |  |  | 62,861 |  |  | — |  |  | — |  |  | 64,361 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total multifamily loans | $ | 1,260,544 |  |  | $ | 365,547 |  |  | $ | 130,656 |  |  | $ | 22,167 |  |  | $ | 117,171 |  |  | $ | 316,934 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,213,019 |
Commercial real estate owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 293,096 |  |  | $ | 220,515 |  |  | $ | 105,925 |  |  | $ | 90,752 |  |  | $ | 34,196 |  |  | $ | 121,616 |  |  | $ | — |  |  | $ | — |  |  | $ | 866,100 |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | 134 |  |  | 1,841 |  |  | — |  |  | — |  |  | 1,975 |
Substandard | — |  |  | — |  |  | — |  |  | 134 |  |  | 10,569 |  |  | 6,561 |  |  | — |  |  | — |  |  | 17,264 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate owner occupied loans | $ | 293,096 |  |  | $ | 220,515 |  |  | $ | 105,925 |  |  | $ | 90,886 |  |  | $ | 44,899 |  |  | $ | 130,018 |  |  | $ | — |  |  | $ | — |  |  | $ | 885,339 |
Commercial real estate non-owner occupied loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 339,044 |  |  | $ | 119,304 |  |  | $ | 156,281 |  |  | $ | 73,827 |  |  | $ | 62,237 |  |  | $ | 386,235 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,136,928 |
Special mention | — |  |  | — |  |  | 21,211 |  |  | — |  |  | — |  |  | 10,617 |  |  | — |  |  | — |  |  | 31,828 |
Substandard | 10,910 |  |  | — |  |  | — |  |  | 28,656 |  |  | 8,198 |  |  | 74,210 |  |  | — |  |  | — |  |  | 121,974 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial real estate non-owner occupied loans | $ | 349,954 |  |  | $ | 119,304 |  |  | $ | 177,492 |  |  | $ | 102,483 |  |  | $ | 70,435 |  |  | $ | 471,062 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,290,730 |
Construction loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 72,177 |  |  | $ | 36,114 |  |  | $ | 9,537 |  |  | $ | 28,644 |  |  | $ | 4,696 |  |  | $ | 9,112 |  |  | $ | 1,729 |  |  | $ | — |  |  | $ | 162,009 |
Special mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total construction loans | $ | 72,177 |  |  | $ | 36,114 |  |  | $ | 9,537 |  |  | $ | 28,644 |  |  | $ | 4,696 |  |  | $ | 9,112 |  |  | $ | 1,729 |  |  | $ | — |  |  | $ | 162,009 |
Total commercial loans and leases receivable | $ | 5,193,155 |  |  | $ | 1,452,552 |  |  | $ | 694,873 |  |  | $ | 451,477 |  |  | $ | 301,987 |  |  | $ | 1,050,269 |  |  | $ | 2,079,614 |  |  | $ | — |  |  | $ | 11,223,927 |
Residential real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 162,217 |  |  | $ | 148,217 |  |  | $ | 7,224 |  |  | $ | 17,128 |  |  | $ | 10,739 |  |  | $ | 77,762 |  |  | $ | 67,782 |  |  | $ | — |  |  | $ | 491,069 |
Non-performing | 271 |  |  | 366 |  |  | 238 |  |  | 441 |  |  | 1,425 |  |  | 3,357 |  |  | 785 |  |  | — |  |  | 6,883 |
Total residential real estate loans | $ | 162,488 |  |  | $ | 148,583 |  |  | $ | 7,462 |  |  | $ | 17,569 |  |  | $ | 12,164 |  |  | $ | 81,119 |  |  | $ | 68,567 |  |  | $ | — |  |  | $ | 497,952 |
Manufactured housing loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 213 |  |  | $ | 103 |  |  | $ | 41,918 |  |  | $ | — |  |  | $ | — |  |  | 42,234 |
Non-performing | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,842 |  |  | — |  |  | — |  |  | 2,842 |
Total manufactured housing loans | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 213 |  |  | $ | 103 |  |  | $ | 44,760 |  |  | $ | — |  |  | $ | — |  |  | $ | 45,076 |
Installment loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing | $ | 785,699 |  |  | $ | 305,729 |  |  | $ | 100,173 |  |  | $ | 100,570 |  |  | $ | 8,430 |  |  | $ | 782 |  |  | $ | 64,690 |  |  | $ | — |  |  | $ | 1,366,073 |
Non-performing | 5,164 |  |  | 4,356 |  |  | 1,023 |  |  | 1,111 |  |  | 61 |  |  | 59 |  |  | 92 |  |  | — |  |  | 11,866 |
Total installment loans | $ | 790,863 |  |  | $ | 310,085 |  |  | $ | 101,196 |  |  | $ | 101,681 |  |  | $ | 8,491 |  |  | $ | 841 |  |  | $ | 64,782 |  |  | $ | — |  |  | $ | 1,377,939 |
Total consumer loans | $ | 953,351 |  |  | $ | 458,668 |  |  | $ | 108,658 |  |  | $ | 119,463 |  |  | $ | 20,758 |  |  | $ | 126,720 |  |  | $ | 133,349 |  |  | $ | — |  |  | $ | 1,920,967 |
Loans and leases receivable | $ | 6,146,506 |  |  | $ | 1,911,220 |  |  | $ | 803,531 |  |  | $ | 570,940 |  |  | $ | 322,745 |  |  | $ | 1,176,989 |  |  | $ | 2,212,963 |  |  | $ | — |  |  | $ | 13,144,894 |
Schedule of Loan Purchases and Sales | Purchases and sales of loans held for investment were as follows for the three and nine months ended September 30, 2023 and 2022:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(amounts in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Purchases (1) |  |  |  |  |  |  |
Specialty lending | $ | — |  |  | $ | — |  |  | $ | 631,252 |  |  | $ | — |
Other commercial and industrial | 4,977 |  |  | — |  |  | 15,285 |  |  | — |
Commercial real estate owner occupied | — |  |  | — |  |  | 2,867 |  |  | — |
Residential real estate | — |  |  | 15,067 |  |  | 4,238 |  |  | 170,022 |
Personal installment (2) | — |  |  | 47,778 |  |  | — |  |  | 123,785 |
Other installment (2) | 96,758 |  |  | 74,969 |  |  | 96,758 |  |  | 74,969 |
Total | $ | 101,735 |  |  | $ | 137,814 |  |  | $ | 750,400 |  |  | $ | 368,776 |
Sales (3) |  |  |  |  |  |  |
Specialty lending (4) | $ | — |  |  | $ | 2,200 |  |  | $ | 287,185 |  |  | $ | 2,200 |
Other commercial and industrial (5) | 6,725 |  |  | — |  |  | 54,083 |  |  | 22,880 |
Multifamily | — |  |  | — |  |  | — |  |  | 2,879 |
Commercial real estate owner occupied (5) | 5,671 |  |  | — |  |  | 24,522 |  |  | 8,960 |
Commercial real estate non-owner occupied | — |  |  | — |  |  | 16,000 |  |  | — |
Personal installment (6) | — |  |  | 500,001 |  |  | — |  |  | 500,001 |
Other installment | — |  |  | — |  |  | 154,042 |  |  | — |
Total | $ | 12,396 |  |  | $ | 502,201 |  |  | $ | 535,832 |  |  | $ | 536,920 |
(1)Amounts reported in the above table are the unpaid principal balance at time of purchase. The purchase price was 100.0% and 99.9% of the loans' unpaid principal balance for the three months ended September 30, 2023 and 2022, respectively. The purchase price was 87.7% and 98.7% of the loans' unpaid principal balance for the nine months ended September 30, 2023 and 2022, respectively. (2)Installment loan purchases for the three and nine months ended September 30, 2023 and 2022 consist of third-party originated unsecured consumer loans. None of the loans held for investment are considered sub-prime at the time of origination. Customers considers sub-prime borrowers to be those with FICO scores below 660. (3)For the three months ended September 30, 2023 and 2022, sales of loans held for investment resulted in net losses of $0.2 million and net gains of $0.1 million, respectively, included in the gain (loss) on sale of SBA and other loans in the consolidated statements of income. For the nine months ended September 30, 2023 and 2022, sales of loans held for investment resulted in net gains of $0.2 million and $3.2 million, respectively. (4)Includes a loss of $5.0 million from the sale of $670.0 million of short-term syndicated capital call lines of credit ($280.7 million of loans held for investment in unpaid principal balance and $389.3 million of unfunded loan commitments) included in loss on sale of capital call lines of credit in the consolidated statement of income for the nine months ended September 30, 2023. (5)Primarily sales of SBA loans. (6)Customers sold $521.8 million of consumer installment loans held for investment, inclusive of accrued interest and unamortized deferred loan origination costs, to a third-party sponsored VIE for a loss of $23.5 million included in loss on sale of consumer installment loans in the consolidated statements of income for the three and nine months ended September 30, 2022. Customers provided financing to the purchaser for a portion of the sales price in the form of $400.0 million of asset-backed securities. $100.7 million of the remaining sales proceeds were paid in cash.

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