v3.23.2

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses | 6 Months Ended
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Jun. 30, 2023
Loans and Leases Receivable Disclosure [Abstract] |
Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses | Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses LendingClub records certain loans and leases held for investment (HFI) at amortized cost. Other HFI and all held for sale (HFS) loans are recorded at fair value with the Company’s election of the fair value option. Net a ccrued interest receivable is excluded from the amortized cost basis of loans and leases HFI and is reported within “Other assets” on the Balance Sheet. Net accrued interest receivable related to loans and leases HFI at amortized cost was $32.2 million and $27.9 million as of June 30, 2023 and December 31, 2022, respectively. Loans and Leases Held for Investment at Amortized Cost 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. 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. 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 Company has programs to modify loans for borrowers experiencing financial difficulty. Such modifications primarily include principal forgiveness, term extensions and/or interest rate reductions. Given that unsecured personal loans typically charge-off within a few months following modification, the total amortized cost balances are not significant for the period presented. Consumer Lending Credit Quality Indicators The Company evaluates the credit quality of its consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is based upon borrower payment activity relative to the contractual terms of the loan. 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 |
Commercial Lending Credit Quality Indicators The Company evaluates the credit quality of its commercial loan portfolio based on regulatory risk ratings. The Company categorizes loans and leases into risk ratings based on relevant information about the quality and realizable value of collateral, if any, and the ability of borrowers to service their debts, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases based on their associated credit risk and performs this analysis whenever credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. Risk rating classifications consist of the following: Pass – Loans and leases that the Company believes will fully repay in accordance with the contractual loan terms. Special Mention – Loans and leases with a potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Company’s credit position at some future date. Substandard – Loans and leases that are inadequately protected by the current sound worth and paying capacity of the obligator or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Normal payment from the borrower is in jeopardy, although loss of principal, while still possible, is not imminent. Doubtful – Loans and leases that have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. Loss – Loans and leases that are considered uncollectible and of little value. 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 |
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. Nonaccrual Assets Nonaccrual loans and leases are those for which accrual of interest has been suspended. Loans and leases are generally placed on nonaccrual status when contractually past due 90 days or more, or earlier if management believes that the probability of collection does not warrant further accrual, and are charged-off no later than 120 days past due. 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. Collateral-Dependent Assets Certain loans on non-accrual status may be considered collateral-dependent loans if the borrower is experiencing financial difficulty and repayment of the loan is expected to be substantially through sale or operation of the collateral. Expected credit losses for the Company’s collateral-dependent loans are calculated as the difference between the amortized cost basis and the fair value of the underlying collateral less costs to sell, if applicable.

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