v3.23.2

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses (Tables) | 6 Months Ended
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Jun. 30, 2023
Loans and Leases Receivable Disclosure [Abstract] |
Loans and Notes and Certificates | The Company defines its loans and leases HFI portfolio segments as (i) consumer and (ii) commercial. The following table presents the components of each portfolio segment by class of financing receivable:
| June 30, 2023 |  | December 31, 2022
Unsecured personal | $ | 4,371,330 |  |  | $ | 3,866,373 |
Residential mortgages | 192,256 |  |  | 199,601 |
Secured consumer | 237,372 |  |  | 194,634 |
Total consumer loans held for investment | 4,800,958 |  |  | 4,260,608 |
Equipment finance (1) | 142,073 |  |  | 160,319 |
Commercial real estate | 382,738 |  |  | 373,501 |
Commercial and industrial (2) | 207,580 |  |  | 238,726 |
Total commercial loans and leases held for investment | 732,391 |  |  | 772,546 |
Total loans and leases held for investment | 5,533,349 |  |  | 5,033,154 |
Allowance for loan and lease losses | (355,163) |  |  | (327,852) |
Loans and leases held for investment, net (3) | $ | 5,178,186 |  |  | $ | 4,705,302 |
(1) Comprised of sales-type leases for equipment. See “Note 16. Leases” for additional information. (2) Includes $17.6 million and $67.0 million of pledged loans under the Paycheck Protection Program (PPP) as of June 30, 2023 and December 31, 2022, respectively. (3) As of June 30, 2023 and December 31, 2022, the Company had $4.8 billion and $283.6 million in loans pledged as collateral under the Federal Reserve Bank (FRB) Discount Window, respectively. In addition, as of June 30, 2023 and December 31, 2022, the Company had $151.2 million and $156.2 million in loans pledged to the Federal Home Loan Bank (FHLB) of Des Moines, respectively.
June 30, 2023 | Gross | ALLL | Net | Allowance Ratios (1)
Total consumer loans held for investment | $ | 4,800,958 |  | $ | 341,161 |  | $ | 4,459,797 |  | 7.1 | %
Total commercial loans and leases held for investment | 732,391 |  | 14,002 |  | 718,389 |  | 1.9 | %
Total loans and leases held for investment | $ | 5,533,349 |  | $ | 355,163 |  | $ | 5,178,186 |  | 6.4 | %
December 31, 2022 | Gross | ALLL | Net | Allowance Ratios (1)
Total consumer loans held for investment | $ | 4,260,608 |  | $ | 312,489 |  | $ | 3,948,119 |  | 7.3 | %
Total commercial loans and leases held for investment | 772,546 |  | 15,363 |  | 757,183 |  | 2.0 | %
Total loans and leases held for investment | $ | 5,033,154 |  | $ | 327,852 |  | $ | 4,705,302 |  | 6.5 | %
(1) Calculated as the ratio of allowance for loan and lease losses (ALLL) to loans and leases HFI at amortized cost.
Financing Receivable, Allowance for Credit Loss | The activity in the ACL by portfolio segment was as follows:
| Three Months Ended June 30, |  |  |  |  |  |
| 2023 |  | 2022 |  |
| Consumer |  | Commercial |  | Total |  | Consumer |  | Commercial |  | Total |  |  |  |  |  |
Allowance for loan and lease losses, beginning of period | $ | 333,546 |  |  | $ | 15,311 |  |  | $ | 348,857 |  |  | $ | 173,857 |  |  | $ | 14,128 |  |  | $ | 187,985 |  |  |  |  |  |  |
Credit loss expense for loans and leases held for investment | 66,874 |  |  | (684) |  |  | 66,190 |  |  | 68,314 |  |  | 1,739 |  |  | 70,053 |  |  |  |  |  |  |
Charge-offs (1) | (63,345) |  |  | (924) |  |  | (64,269) |  |  | (14,707) |  |  | (1,145) |  |  | (15,852) |  |  |  |  |  |  |
Recoveries | 4,086 |  |  | 299 |  |  | 4,385 |  |  | 720 |  |  | 354 |  |  | 1,074 |  |  |  |  |  |  |
Allowance for loan and lease losses, end of period | $ | 341,161 |  |  | $ | 14,002 |  |  | $ | 355,163 |  |  | $ | 228,184 |  |  | $ | 15,076 |  |  | $ | 243,260 |  |  |  |  |  |  |
Reserve for unfunded lending commitments, beginning of period | $ | 67 |  |  | $ | 1,545 |  |  | $ | 1,612 |  |  | $ | — |  |  | $ | 1,512 |  |  | $ | 1,512 |  |  |  |  |  |  |
Credit loss expense for unfunded lending commitments | (67) |  |  | 472 |  |  | 405 |  |  | 136 |  |  | 377 |  |  | 513 |  |  |  |  |  |  |
Reserve for unfunded lending commitments, end of period (2) | $ | — |  |  | $ | 2,017 |  |  | $ | 2,017 |  |  | $ | 136 |  |  | $ | 1,889 |  |  | $ | 2,025 |  |  |  |  |  |  |
| Six Months Ended June 30, |  |  |  |  |  |
| 2023 |  | 2022 |  |  |  |  |  |
| Consumer |  | Commercial |  | Total |  | Consumer |  | Commercial |  | Total |  |  |  |  |  |
Allowance for loan and lease losses, beginning of period | $ | 312,489 |  |  | $ | 15,363 |  |  | $ | 327,852 |  |  | $ | 128,812 |  |  | $ | 15,577 |  |  | $ | 144,389 |  |  |  |  |  |  |
Credit loss expense for loans and leases held for investment | 137,558 |  |  | (518) |  |  | 137,040 |  |  | 122,032 |  |  | 249 |  |  | 122,281 |  |  |  |  |  |  |
Charge-offs (1) | (115,557) |  |  | (1,275) |  |  | (116,832) |  |  | (23,724) |  |  | (1,217) |  |  | (24,941) |  |  |  |  |  |  |
Recoveries | 6,671 |  |  | 432 |  |  | 7,103 |  |  | 1,064 |  |  | 467 |  |  | 1,531 |  |  |  |  |  |  |
Allowance for loan and lease losses, end of period | $ | 341,161 |  |  | $ | 14,002 |  |  | $ | 355,163 |  |  | $ | 228,184 |  |  | $ | 15,076 |  |  | $ | 243,260 |  |  |  |  |  |  |
Reserve for unfunded lending commitments, beginning of period | $ | 18 |  |  | $ | 1,860 |  |  | $ | 1,878 |  |  | $ | — |  |  | $ | 1,231 |  |  | $ | 1,231 |  |  |  |  |  |  |
Credit loss expense for unfunded lending commitments | (18) |  |  | 157 |  |  | 139 |  |  | 136 |  |  | 658 |  |  | 794 |  |  |  |  |  |  |
Reserve for unfunded lending commitments, end of period (2) | $ | — |  |  | $ | 2,017 |  |  | $ | 2,017 |  |  | $ | 136 |  |  | $ | 1,889 |  |  | $ | 2,025 |  |  |  |  |  |  |
(1) Unsecured personal loans are charged-off when a borrower is (i) contractually 120 days past due or (ii) two payments past due and has filed for bankruptcy or is deceased. (2) Relates to $108.9 million and $132.6 million of unfunded commitments, associated primarily with the commercial loan portfolio, as of June 30, 2023 and 2022, respectively.
Financing Receivable Gross Charge-Offs and Credit Quality Indicators | The following table presents year-to-date gross charge-offs by origination year for the period presented:
|  | Six Months Ended June 30, 2023
|  | Gross Charge-Offs by Origination Year |  |  |  |
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  | Total
Unsecured personal |  | $ | 1,596 |  |  | $ | 63,295 |  |  | $ | 49,331 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 114,222 |
Residential mortgages |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Secured consumer |  | 19 |  |  | 1,026 |  |  | 290 |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,335 |
Total consumer loans held for investment |  | 1,615 |  |  | 64,321 |  |  | 49,621 |  |  | — |  |  | — |  |  | — |  |  |  |  | 115,557 |
Equipment finance |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Commercial real estate |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Commercial and industrial |  | — |  |  | — |  |  | 923 |  |  | — |  |  | 318 |  |  | 34 |  |  |  |  | 1,275 |
Total commercial loans and leases held for investment |  | — |  |  | — |  |  | 923 |  |  | — |  |  | 318 |  |  | 34 |  |  |  |  | 1,275 |
Total loans and leases held for investment |  | $ | 1,615 |  |  | $ | 64,321 |  |  | $ | 50,544 |  |  | $ | — |  |  | $ | 318 |  |  | $ | 34 |  |  |  |  | $ | 116,832 |
The following tables present the classes of financing receivables within the consumer portfolio segment by credit quality indicator based on delinquency status and origination year:
June 30, 2023 |  | Term Loans and Leases by Origination Year |  |  |  |
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  | Total
Unsecured personal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 1,374,603 |  |  | $ | 2,240,402 |  |  | $ | 679,211 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 4,294,216 |
30-59 days past due |  | 3,279 |  |  | 17,474 |  |  | 9,013 |  |  | — |  |  | — |  |  | — |  |  |  |  | 29,766 |
60-89 days past due |  | 1,865 |  |  | 14,153 |  |  | 7,933 |  |  | — |  |  | — |  |  | — |  |  |  |  | 23,951 |
90 or more days past due |  | 1,213 |  |  | 13,852 |  |  | 8,332 |  |  | — |  |  | — |  |  | — |  |  |  |  | 23,397 |
Total unsecured personal |  | 1,380,960 |  |  | 2,285,881 |  |  | 704,489 |  |  | — |  |  | — |  |  | — |  |  |  |  | 4,371,330 |
Residential mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 5 |  |  | 49,346 |  |  | 56,510 |  |  | 30,442 |  |  | 21,358 |  |  | 34,430 |  |  |  |  | 192,091 |
30-59 days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
60-89 days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
90 or more days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 165 |  |  |  |  | 165 |
Total residential mortgages |  | 5 |  |  | 49,346 |  |  | 56,510 |  |  | 30,442 |  |  | 21,358 |  |  | 34,595 |  |  |  |  | 192,256 |
Secured consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 80,331 |  |  | 124,585 |  |  | 29,849 |  |  | — |  |  | 2,502 |  |  | — |  |  |  |  | 237,267 |
30-59 days past due |  | — |  |  | 35 |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  |  |  | 54 |
60-89 days past due |  | — |  |  | 51 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 51 |
90 or more days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Total secured consumer |  | 80,331 |  |  | 124,671 |  |  | 29,868 |  |  | — |  |  | 2,502 |  |  | — |  |  |  |  | 237,372 |
Total consumer loans held for investment |  | $ | 1,461,296 |  |  | $ | 2,459,898 |  |  | $ | 790,867 |  |  | $ | 30,442 |  |  | $ | 23,860 |  |  | $ | 34,595 |  |  |  |  | $ | 4,800,958 |
December 31, 2022 |  | Term Loans and Leases by Origination Year |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  |  |  | Total
Unsecured personal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 2,835,460 |  |  | $ | 977,224 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 3,812,684 |
30-59 days past due |  | 11,149 |  |  | 9,867 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 21,016 |
60-89 days past due |  | 7,785 |  |  | 8,633 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 16,418 |
90 or more days past due |  | 6,813 |  |  | 9,442 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 16,255 |
Total unsecured personal |  | 2,861,207 |  |  | 1,005,166 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 3,866,373 |
Residential mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 49,721 |  |  | 58,353 |  |  | 31,465 |  |  | 21,683 |  |  | 4,546 |  |  | 33,248 |  |  |  |  | 199,016 |
30-59 days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
60-89 days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 254 |  |  |  |  | 254 |
90 or more days past due |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 331 |  |  |  |  | 331 |
Total residential mortgages |  | 49,721 |  |  | 58,353 |  |  | 31,465 |  |  | 21,683 |  |  | 4,546 |  |  | 33,833 |  |  |  |  | 199,601 |
Secured consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | 151,725 |  |  | 38,076 |  |  | — |  |  | 2,543 |  |  | — |  |  | — |  |  |  |  | 192,344 |
30-59 days past due |  | 1,017 |  |  | 703 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,720 |
60-89 days past due |  | 235 |  |  | 147 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 382 |
90 or more days past due |  | 116 |  |  | 72 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | 188 |
Total secured consumer |  | 153,093 |  |  | 38,998 |  |  | — |  |  | 2,543 |  |  | — |  |  | — |  |  |  |  | 194,634 |
Total consumer loans held for investment |  | $ | 3,064,021 |  |  | $ | 1,102,517 |  |  | $ | 31,465 |  |  | $ | 24,226 |  |  | $ | 4,546 |  |  | $ | 33,833 |  |  |  |  | $ | 4,260,608 |
The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year:
June 30, 2023 |  | Term Loans and Leases by Origination Year |  |  |  |
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  | Total
Equipment finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 3,596 |  |  | $ | 38,634 |  |  | $ | 32,754 |  |  | $ | 13,836 |  |  | $ | 13,458 |  |  | $ | 12,394 |  |  |  |  | $ | 114,672 |
Special mention |  | — |  |  | 15,369 |  |  | 1,881 |  |  | 6,295 |  |  | 3,173 |  |  | — |  |  |  |  | 26,718 |
Substandard |  | — |  |  | — |  |  | — |  |  | 683 |  |  | — |  |  | — |  |  |  |  | 683 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Total equipment finance |  | 3,596 |  |  | 54,003 |  |  | 34,635 |  |  | 20,814 |  |  | 16,631 |  |  | 12,394 |  |  |  |  | 142,073 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 32,401 |  |  | 94,456 |  |  | 38,291 |  |  | 44,179 |  |  | 52,001 |  |  | 79,403 |  |  |  |  | 340,731 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 259 |  |  | 9,389 |  |  |  |  | 9,648 |
Substandard |  | — |  |  | 3,761 |  |  | 6,785 |  |  | 8,415 |  |  | 231 |  |  | 10,577 |  |  |  |  | 29,769 |
Doubtful |  | — |  |  | — |  |  | 2,043 |  |  | — |  |  | — |  |  | — |  |  |  |  | 2,043 |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 547 |  |  |  |  | 547 |
Total commercial real estate |  | 32,401 |  |  | 98,217 |  |  | 47,119 |  |  | 52,594 |  |  | 52,491 |  |  | 99,916 |  |  |  |  | 382,738 |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 24,054 |  |  | 76,240 |  |  | 48,898 |  |  | 19,968 |  |  | 9,959 |  |  | 12,337 |  |  |  |  | 191,456 |
Special mention |  | — |  |  | 770 |  |  | 29 |  |  | 96 |  |  | 214 |  |  | 558 |  |  |  |  | 1,667 |
Substandard |  | — |  |  | — |  |  | 4,634 |  |  | 713 |  |  | 3,780 |  |  | 3,688 |  |  |  |  | 12,815 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 286 |  |  |  |  | 286 |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,356 |  |  |  |  | 1,356 |
Total commercial and industrial |  | 24,054 |  |  | 77,010 |  |  | 53,561 |  |  | 20,777 |  |  | 13,953 |  |  | 18,225 |  |  |  |  | 207,580 |
Total commercial loans and leases held for investment |  | $ | 60,051 |  |  | $ | 229,230 |  |  | $ | 135,315 |  |  | $ | 94,185 |  |  | $ | 83,075 |  |  | $ | 130,535 |  |  |  |  | $ | 732,391 |
December 31, 2022 |  | Term Loans and Leases by Origination Year |  |  |  |
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  |  |  | Total
Equipment finance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 59,227 |  |  | $ | 38,218 |  |  | $ | 25,014 |  |  | $ | 15,785 |  |  | $ | 11,880 |  |  | $ | 3,444 |  |  |  |  | $ | 153,568 |
Special mention |  | — |  |  | 2,094 |  |  | — |  |  | 3,759 |  |  | — |  |  | — |  |  |  |  | 5,853 |
Substandard |  | — |  |  | — |  |  | 859 |  |  | — |  |  | 39 |  |  | — |  |  |  |  | 898 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Total equipment finance |  | 59,227 |  |  | 40,312 |  |  | 25,873 |  |  | 19,544 |  |  | 11,919 |  |  | 3,444 |  |  |  |  | 160,319 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | 100,602 |  |  | 53,445 |  |  | 47,497 |  |  | 52,834 |  |  | 35,992 |  |  | 60,976 |  |  |  |  | 351,346 |
Special mention |  | — |  |  | — |  |  | 8,415 |  |  | 260 |  |  | 1,237 |  |  | 405 |  |  |  |  | 10,317 |
Substandard |  | — |  |  | — |  |  | — |  |  | 643 |  |  | 2,404 |  |  | 8,215 |  |  |  |  | 11,262 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 576 |  |  |  |  | 576 |
Total commercial real estate |  | 100,602 |  |  | 53,445 |  |  | 55,912 |  |  | 53,737 |  |  | 39,633 |  |  | 70,172 |  |  |  |  | 373,501 |
Commercial and industrial
Pass |  | 61,076 |  |  | 99,264 |  |  | 24,726 |  |  | 13,866 |  |  | 5,174 |  |  | 10,831 |  |  |  |  | 214,937 |
Special mention |  | — |  |  | — |  |  | — |  |  | 483 |  |  | 163 |  |  | 455 |  |  |  |  | 1,101 |
Substandard |  | — |  |  | 9,361 |  |  | 4,529 |  |  | 3,623 |  |  | 797 |  |  | 2,820 |  |  |  |  | 21,130 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 286 |  |  |  |  | 286 |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1,271 |  |  |  |  | 1,272 |
Total commercial and industrial |  | 61,076 |  |  | 108,625 |  |  | 29,255 |  |  | 17,972 |  |  | 6,135 |  |  | 15,663 |  |  |  |  | 238,726 |
Total commercial loans and leases held for investment |  | $ | 220,905 |  |  | $ | 202,382 |  |  | $ | 111,040 |  |  | $ | 91,253 |  |  | $ | 57,687 |  |  | $ | 89,279 |  |  |  |  | $ | 772,546 |
Past Due Financing Receivables | The following tables present an analysis of the past due loans and leases HFI within the commercial portfolio segment:
June 30, 2023 | 30-59 Days |  | 60-89 Days |  | 90 or More Days |  | Total
Equipment finance | $ | 485 |  |  | $ | — |  |  | $ | 683 |  |  | $ | 1,168 |
Commercial real estate | 2,115 |  |  | — |  |  | 10,561 |  |  | 12,676 |
Commercial and industrial (1) | 184 |  |  | 358 |  |  | 1,608 |  |  | 2,150 |
Total commercial loans and leases held for investment | $ | 2,784 |  |  | $ | 358 |  |  | $ | 12,852 |  |  | $ | 15,994 |
December 31, 2022 | 30-59 Days |  | 60-89 Days |  | 90 or More Days |  | Total |  |  |  |
Equipment finance | $ | 3,172 |  |  | $ | — |  |  | $ | 859 |  |  | $ | 4,031 |  |  |  |  |
Commercial real estate | — |  |  | 102 |  |  | — |  |  | 102 |  |  |  |  |
Commercial and industrial (1) | — |  |  | — |  |  | 1,643 |  |  | 1,643 |  |  |  |  |
Total commercial loans and leases held for investment | $ | 3,172 |  |  | $ | 102 |  |  | $ | 2,502 |  |  | $ | 5,776 |  |  |  |  |
(1) Past due PPP loans are excluded from the tables. The following table presents nonaccrual loans and leases:
| June 30, 2023 |  | December 31, 2022 |  |
| Nonaccrual (1) |  | Nonaccrual with no related ACL (2) |  | Nonaccrual (1) |  | Nonaccrual with no related ACL (2) |  |  |  |  |  |
Unsecured personal | $ | 23,397 |  |  | $ | — |  |  | $ | 16,255 |  |  | $ | — |  |  |  |  |  |  |
Residential mortgages | 322 |  |  | 322 |  |  | 331 |  |  | 331 |  |  |  |  |  |  |
Secured consumer | — |  |  | — |  |  | 188 |  |  | — |  |  |  |  |  |  |
Total nonaccrual consumer loans held for investment | 23,719 |  |  | 322 |  |  | 16,774 |  |  | 331 |  |  |  |  |  |  |
Equipment finance | 683 |  |  | — |  |  | 898 |  |  | 39 |  |  |  |  |  |  |
Commercial real estate | 19,298 |  |  | 9,360 |  |  | 1,018 |  |  | 1,018 |  |  |  |  |  |  |
Commercial and industrial | 7,683 |  |  | 2,043 |  |  | 16,137 |  |  | 1,229 |  |  |  |  |  |  |
Total nonaccrual commercial loans and leases held for investment | 27,664 |  |  | 11,403 |  |  | 18,053 |  |  | 2,286 |  |  |  |  |  |  |
Total nonaccrual loans and leases held for investment | $ | 51,383 |  |  | $ | 11,725 |  |  | $ | 34,827 |  |  | $ | 2,617 |  |  |  |  |  |  |
(1) Excluding PPP loans, there were no loans and leases that were 90 days or more past due and accruing as of both June 30, 2023 and December 31, 2022. (2) Subset of total nonaccrual loans and leases.
| June 30, 2023 |  | December 31, 2022 |  |
| Nonaccrual |  | Nonaccrual Ratios (1) |  | Nonaccrual |  | Nonaccrual Ratios (1) |  |  |  |  |  |
Total nonaccrual consumer loans held for investment | $ | 23,719 |  |  | 0.5 | % |  | $ | 16,774 |  |  | 0.4 | % |  |  |  |  |  |
Total nonaccrual commercial loans and leases held for investment | 27,664 |  |  | 3.8 | % |  | 18,053 |  |  | 2.3 | % |  |  |  |  |  |
Total nonaccrual loans and leases held for investment | $ | 51,383 |  |  | 0.9 | % |  | $ | 34,827 |  |  | 0.7 | % |  |  |  |  |  |
(1) Calculated as the ratio of nonaccruing loans and leases to loans and leases HFI at amortized cost.

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