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LOANS AND LEASES, NET (Tables) | 3 Months Ended
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Dec. 31, 2018
Loans and Leases Receivable Disclosure [Abstract] |
Sales-type Lease, Lease Income | The net investment in direct financing and sales-type leases is comprised of the following as of December 31, 2018 and September 30, 2018.
| December 31, 2018 |  | September 30, 2018
| (Dollars in Thousands)
Minimum lease payments receivable | $ | 330,273 |  |  | $ | 301,835 |
Estimated residual value of leased equipment | 12,460 |  |  | 12,406 |
Unamortized initial direct costs | (9 | ) |  | (3 | )
Premium on acquired leases | 16 |  |  | 26 |
Unearned income | (51,851 | ) |  | (48,949 | )
Net investment in direct financing and sales-type leases | $ | 290,889 |  |  | $ | 265,315 |
Sales-type and Direct Financing Leases, Lease Receivable, Maturity | Future minimum lease payments receivable on noncancelable direct financing and sales-type leases were as follows as of December 31, 2018.
| As of December 31, 2018
| (Dollars in thousands)
2019 | $ | 92,158 |
2020 | 96,326 |
2021 | 73,057 |
2022 | 43,861 |
2023 | 21,037 |
2024 and thereafter | 3,834 |
Total | $ | 330,273 |
Schedule of Loans Receivable | Loans and leases at December 31, 2018 and September 30, 2018 were as follows:
(Dollars in Thousands) | December 31, 2018 |  | September 30, 2018
National Lending |  |  |
Asset based lending | $ | 554,072 |  |  | $ | 477,917 |
Factoring | 284,912 |  |  | 284,221 |
Lease financing | 290,889 |  |  | 265,315 |
Insurance premium finance | 330,712 |  |  | 337,877 |
SBA/USDA | 67,893 |  |  | 59,374 |
Other commercial finance | 89,402 |  |  | 85,145 |
Commercial finance | 1,617,880 |  |  | 1,509,849 |
Consumer credit products | 96,144 |  |  | 80,605 |
Other consumer finance | 182,510 |  |  | 189,756 |
Consumer finance(1) | 278,654 |  |  | 270,361 |
Tax services | 76,575 |  |  | 1,073 |
Warehouse finance(1) | 176,134 |  |  | 65,000 |
Total National Lending | 2,149,243 |  |  | 1,846,283 |
Community Banking |  |  |
Commercial real estate and operating | 863,753 |  |  | 790,890 |
Consumer one-to-four family real estate and other | 256,341 |  |  | 247,318 |
Agricultural real estate and operating | 58,971 |  |  | 60,498 |
Total Community Banking | 1,179,065 |  |  | 1,098,706 |
Total gross loans and leases | 3,328,308 |  |  | 2,944,989 |
Allowance for loan and lease losses | (21,290 | ) |  | (13,040 | )
Net deferred loan origination fees (costs) | 1,190 |  |  | (250 | )
Total loans and leases, net(2) | $ | 3,308,208 |  |  | $ | 2,931,699 |
(1) Warehouse finance loans are presented in their own line. Previously these balances were included with consumer finance loans. Prior period balances have also been adjusted to reflect this change. (2) As of December 31, 2018, the remaining balance of acquired loans and leases from the Crestmark acquisition was $889.0 million and the remaining balances of the credit and interest rate mark discounts related to the acquired loans and leases were $10.1 million and $4.8 million, respectively. On August 1, 2018, the Company acquired loans and leases from the Crestmark acquisition totaling $1.06 billion and recorded related credit and interest rate mark discounts of $12.3 million and $6.0 million, respectively.
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans |
| Allowance |  | Loans and Leases
Recorded Investment | Ending balance: individually evaluated for impairment |  | Ending balance: collectively evaluated for impairment |  | Total |  | Ending balance: individually evaluated for impairment |  | Ending balance: collectively evaluated for impairment |  | Total
As of December 31, 2018 | (Dollars in Thousands)
National Lending |  |  |  |  |  |  |  |  |  |  |
Asset based lending | $ | — |  |  | $ | 2,065 |  |  | $ | 2,065 |  |  | $ | 2,371 |  |  | $ | 551,701 |  |  | $ | 554,072 |
Factoring | 134 |  |  | 928 |  |  | 1,062 |  |  | 1,680 |  |  | 283,232 |  |  | 284,912 |
Lease financing | — |  |  | 1,084 |  |  | 1,084 |  |  | 5,000 |  |  | 285,889 |  |  | 290,889 |
Insurance premium finance | — |  |  | 972 |  |  | 972 |  |  | — |  |  | 330,712 |  |  | 330,712 |
SBA/USDA | — |  |  | 253 |  |  | 253 |  |  | — |  |  | 67,893 |  |  | 67,893 |
Other commercial finance | — |  |  | 291 |  |  | 291 |  |  | — |  |  | 89,402 |  |  | 89,402 |
Commercial finance | 134 |  |  | 5,593 |  |  | 5,727 |  |  | 9,051 |  |  | 1,608,829 |  |  | 1,617,880 |
Consumer credit products | — |  |  | 1,151 |  |  | 1,151 |  |  | — |  |  | 96,144 |  |  | 96,144 |
Other consumer finance | — |  |  | 4,222 |  |  | 4,222 |  |  | — |  |  | 182,510 |  |  | 182,510 |
Consumer finance | — |  |  | 5,373 |  |  | 5,373 |  |  | — |  |  | 278,654 |  |  | 278,654 |
Tax services | — |  |  | 1,546 |  |  | 1,546 |  |  | — |  |  | 76,575 |  |  | 76,575 |
Warehouse finance | — |  |  | 176 |  |  | 176 |  |  | — |  |  | 176,134 |  |  | 176,134 |
Total National Lending | 134 |  |  | 12,688 |  |  | 12,822 |  |  | 9,051 |  |  | 2,140,192 |  |  | 2,149,243 |
Community Banking |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | — |  |  | 6,570 |  |  | 6,570 |  |  | 402 |  |  | 863,351 |  |  | 863,753 |
Consumer one-to-four family real estate and other | — |  |  | 719 |  |  | 719 |  |  | 138 |  |  | 256,203 |  |  | 256,341 |
Agricultural real estate and operating | — |  |  | 1,179 |  |  | 1,179 |  |  | 1,511 |  |  | 57,460 |  |  | 58,971 |
Total Community Banking | — |  |  | 8,468 |  |  | 8,468 |  |  | 2,051 |  |  | 1,177,014 |  |  | 1,179,065 |
Total | $ | 134 |  |  | $ | 21,156 |  |  | $ | 21,290 |  |  | $ | 11,102 |  |  | $ | 3,317,206 |  |  | $ | 3,328,308 |
| Allowance |  | Loans and Leases
Recorded Investment | Ending balance: individually evaluated for impairment(1) |  | Ending balance: collectively evaluated for impairment(1) |  | Total |  | Ending balance: individually evaluated for impairment |  | Ending balance: collectively evaluated for impairment |  | Total
As of September 30, 2018 | (Dollars in Thousands)
National Lending |  |  |  |  |  |  |  |  |  |  |
Asset based lending | $ | — |  |  | $ | 107 |  |  | $ | 107 |  |  | $ | 1,404 |  |  | $ | 476,513 |  |  | $ | 477,917 |
Factoring | — |  |  | 64 |  |  | 64 |  |  | 3,331 |  |  | 280,890 |  |  | 284,221 |
Lease financing | — |  |  | 59 |  |  | 59 |  |  | 8,877 |  |  | 256,438 |  |  | 265,315 |
Insurance premium finance | — |  |  | 1,031 |  |  | 1,031 |  |  | — |  |  | 337,877 |  |  | 337,877 |
SBA/USDA | — |  |  | 13 |  |  | 13 |  |  | — |  |  | 59,374 |  |  | 59,374 |
Other commercial finance | — |  |  | 28 |  |  | 28 |  |  | — |  |  | 85,145 |  |  | 85,145 |
Commercial finance | — |  |  | 1,302 |  |  | 1,302 |  |  | 13,612 |  |  | 1,496,237 |  |  | 1,509,849 |
Consumer credit products | — |  |  | 785 |  |  | 785 |  |  | — |  |  | 80,605 |  |  | 80,605 |
Other consumer finance | — |  |  | 2,820 |  |  | 2,820 |  |  | — |  |  | 189,756 |  |  | 189,756 |
Consumer finance | — |  |  | 3,605 |  |  | 3,605 |  |  | — |  |  | 270,361 |  |  | 270,361 |
Tax services | — |  |  | — |  |  | — |  |  | — |  |  | 1,073 |  |  | 1,073 |
Warehouse finance | — |  |  | 65 |  |  | 65 |  |  | — |  |  | 65,000 |  |  | 65,000 |
Total National Lending | — |  |  | 4,972 |  |  | 4,972 |  |  | 13,612 |  |  | 1,832,671 |  |  | 1,846,283 |
Community Banking |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | — |  |  | 6,220 |  |  | 6,220 |  |  | 451 |  |  | 790,439 |  |  | 790,890 |
Consumer one-to-four family real estate and other | — |  |  | 632 |  |  | 632 |  |  | 94 |  |  | 247,224 |  |  | 247,318 |
Agricultural real estate and operating | — |  |  | 1,216 |  |  | 1,216 |  |  | 1,454 |  |  | 59,044 |  |  | 60,498 |
Total Community Banking | — |  |  | 8,068 |  |  | 8,068 |  |  | 1,999 |  |  | 1,096,707 |  |  | 1,098,706 |
Total | $ | — |  |  | $ | 13,040 |  |  | $ | 13,040 |  |  | $ | 15,611 |  |  | $ | 2,929,378 |  |  | $ | 2,944,989 |
(1) Balances have been restated from what was previously reported as of September 30, 2018 on the Company's Annual Report on Form 10-K for its fiscal year ended September 30, 2018.
Asset Classification of Loans | The asset classification of loans and leases at December 31, 2018 and September 30, 2018 were as follows:
Asset Classification | Pass |  | Watch |  | Special Mention |  | Substandard |  | Total
December 31, 2018 | (Dollars in Thousands) |
National Lending |  |  |  |  |  |  |  |  |
Asset based lending | $ | 498,694 |  |  | $ | — |  |  | $ | 53,007 |  |  | $ | 2,371 |  |  | 554,072 |
Factoring | 244,992 |  |  | — |  |  | 38,240 |  |  | 1,680 |  |  | 284,912 |
Lease financing | 284,239 |  |  | — |  |  | 1,650 |  |  | 5,000 |  |  | 290,889 |
Insurance premium finance | 329,131 |  |  | — |  |  | 1,581 |  |  | — |  |  | 330,712 |
SBA/USDA | 53,539 |  |  | — |  |  | 14,354 |  |  | — |  |  | 67,893 |
Other commercial finance | 89,049 |  |  | — |  |  | 353 |  |  | — |  |  | 89,402 |
Commercial finance | 1,499,644 |  |  | — |  |  | 109,185 |  |  | 9,051 |  |  | 1,617,880 |
Consumer credit products | 96,144 |  |  | — |  |  | — |  |  | — |  |  | 96,144 |
Other consumer finance | 182,510 |  |  | — |  |  | — |  |  | — |  |  | 182,510 |
Consumer finance | 278,654 |  |  | — |  |  | — |  |  | — |  |  | 278,654 |
Tax services | 76,575 |  |  | — |  |  | — |  |  | — |  |  | 76,575 |
Warehouse finance | 176,134 |  |  | — |  |  | — |  |  | — |  |  | 176,134 |
Total National Lending | 2,031,007 |  |  | — |  |  | 109,185 |  |  | 9,051 |  |  | 2,149,243 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 848,456 |  |  | 15,297 |  |  | — |  |  | — |  |  | 863,753 |
Consumer one-to-four family real estate and other | 254,458 |  |  | 1,496 |  |  | 308 |  |  | 79 |  |  | 256,341 |
Agricultural real estate and operating | 40,558 |  |  | 1,590 |  |  | 4,836 |  |  | 11,987 |  |  | 58,971 |
Total Community Banking | 1,143,472 |  |  | 18,383 |  |  | 5,144 |  |  | 12,066 |  |  | 1,179,065 |
Total loans and leases | $ | 3,174,479 |  |  | $ | 18,383 |  |  | $ | 114,329 |  |  | $ | 21,117 |  |  | $ | 3,328,308 |
Asset Classification | Pass |  | Watch |  | Special Mention |  | Substandard |  | Total
September 30, 2018 | (Dollars in Thousands) |
National Lending |  |  |  |  |  |  |  |  |
Asset based lending | $ | 418,635 |  |  | $ | — |  |  | $ | 57,877 |  |  | $ | 1,405 |  |  | $ | 477,917 |
Factoring | 248,246 |  |  | — |  |  | 32,644 |  |  | 3,331 |  |  | 284,221 |
Lease financing | 252,487 |  |  | — |  |  | 3,951 |  |  | 8,877 |  |  | 265,315 |
Insurance premium finance | 336,296 |  |  | — |  |  | 1,581 |  |  | — |  |  | 337,877 |
SBA/USDA | 39,093 |  |  | — |  |  | 20,281 |  |  | — |  |  | 59,374 |
Other commercial finance | 85,145 |  |  | — |  |  | — |  |  | — |  |  | 85,145 |
Commercial finance | 1,379,902 |  |  | — |  |  | 116,334 |  |  | 13,613 |  |  | 1,509,849 |
Consumer credit products | 80,605 |  |  | — |  |  | — |  |  | — |  |  | 80,605 |
Other consumer finance | 189,756 |  |  | — |  |  | — |  |  | — |  |  | 189,756 |
Consumer finance | 270,361 |  |  | — |  |  | — |  |  | — |  |  | 270,361 |
Tax services | 1,073 |  |  | — |  |  | — |  |  | — |  |  | 1,073 |
Warehouse finance | 65,000 |  |  | — |  |  | — |  |  | — |  |  | 65,000 |
Total National Lending | 1,716,336 |  |  | — |  |  | 116,334 |  |  | 13,613 |  |  | 1,846,283 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 778,445 |  |  | 12,251 |  |  | 194 |  |  | — |  |  | 790,890 |
Consumer one-to-four family real estate and other | 246,463 |  |  | 537 |  |  | 239 |  |  | 79 |  |  | 247,318 |
Agricultural real estate and operating | 42,292 |  |  | 2,447 |  |  | 4,872 |  |  | 10,887 |  |  | 60,498 |
Total Community Banking | 1,067,200 |  |  | 15,235 |  |  | 5,305 |  |  | 10,966 |  |  | 1,098,706 |
Total loans and leases | $ | 2,783,536 |  |  | $ | 15,235 |  |  | $ | 121,639 |  |  | $ | 24,579 |  |  | $ | 2,944,989 |
Past Due Loans | Past due loans and leases at December 31, 2018 and September 30, 2018 were as follows:
| Accruing and Non-accruing Loans and Leases |  | Non-performing Loans and Leases
Past Due Loans and Leases | 30-59 Days Past Due |  | 60-89 Days Past Due |  | > 89 Days Past Due |  | Total Past Due |  | Current |  | Total Loans and Leases Receivable |  | > 89 Days Past Due and Accruing |  | Non-accrual balance |  | Total
December 31, 2018 | (Dollars in Thousands)
National Lending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset based lending | $ | 739 |  |  | $ | — |  |  | $ | 336 |  |  | $ | 1,075 |  |  | $ | 552,997 |  |  | $ | 554,072 |  |  | $ | — |  |  | $ | 1,007 |  |  | $ | 1,007 |
Factoring | — |  |  | — |  |  | — |  |  | — |  |  | 284,912 |  |  | 284,912 |  |  | — |  |  | 307 |  |  | 307 |
Lease financing | 9,685 |  |  | 4,205 |  |  | 5,259 |  |  | 19,149 |  |  | 271,740 |  |  | 290,889 |  |  | 1,335 |  |  | 4,841 |  |  | 6,176 |
Insurance premium finance | 1,579 |  |  | 789 |  |  | 2,796 |  |  | 5,164 |  |  | 325,548 |  |  | 330,712 |  |  | 2,796 |  |  | — |  |  | 2,796 |
SBA/USDA | 483 |  |  | — |  |  | — |  |  | 483 |  |  | 67,410 |  |  | 67,893 |  |  | — |  |  | — |  |  | — |
Other commercial finance | — |  |  | — |  |  | — |  |  | — |  |  | 89,402 |  |  | 89,402 |  |  | — |  |  | — |  |  | — |
Commercial finance | 12,486 |  |  | 4,994 |  |  | 8,391 |  |  | 25,871 |  |  | 1,592,009 |  |  | 1,617,880 |  |  | 4,131 |  |  | 6,155 |  |  | 10,286 |
Consumer credit products | 701 |  |  | 369 |  |  | 310 |  |  | 1,380 |  |  | 94,764 |  |  | 96,144 |  |  | 310 |  |  | — |  |  | 310 |
Other consumer finance | 2,879 |  |  | 1,497 |  |  | 3,196 |  |  | 7,572 |  |  | 174,938 |  |  | 182,510 |  |  | 3,196 |  |  | — |  |  | 3,196 |
Consumer finance | 3,580 |  |  | 1,866 |  |  | 3,506 |  |  | 8,952 |  |  | 269,702 |  |  | 278,654 |  |  | 3,506 |  |  | — |  |  | 3,506 |
Tax services | — |  |  | — |  |  | — |  |  | — |  |  | 76,575 |  |  | 76,575 |  |  | — |  |  | — |  |  | — |
Warehouse finance | — |  |  | — |  |  | — |  |  | — |  |  | 176,134 |  |  | 176,134 |  |  | — |  |  | — |  |  | — |
Total National Lending | 16,066 |  |  | 6,860 |  |  | 11,897 |  |  | 34,823 |  |  | 2,114,420 |  |  | 2,149,243 |  |  | 7,637 |  |  | 6,155 |  |  | 13,792 |
Community Banking |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 25 |  |  | — |  |  | — |  |  | 25 |  |  | 863,728 |  |  | 863,753 |  |  | — |  |  | — |  |  | — |
Consumer one-to-four family real estate and other | 67 |  |  | 20 |  |  | 79 |  |  | 166 |  |  | 256,175 |  |  | 256,341 |  |  | 79 |  |  | — |  |  | 79 |
Agricultural real estate and operating | — |  |  | — |  |  | — |  |  | — |  |  | 58,971 |  |  | 58,971 |  |  | — |  |  | — |  |  | — |
Total Community Banking | 92 |  |  | 20 |  |  | 79 |  |  | 191 |  |  | 1,178,874 |  |  | 1,179,065 |  |  | 79 |  |  | — |  |  | 79 |
Total Loans and Leases | $ | 16,158 |  |  | $ | 6,880 |  |  | $ | 11,976 |  |  | $ | 35,014 |  |  | $ | 3,293,294 |  |  | $ | 3,328,308 |  |  | $ | 7,716 |  |  | $ | 6,155 |  |  | $ | 13,871 |
| Accruing and Non-accruing Loans and Leases |  | Non-performing Loans and Leases
Past Due Loans and Leases | 30-59 Days Past Due |  | 60-89 Days Past Due |  | > 89 Days Past Due |  | Total Past Due |  | Current |  | Total Loans and Leases Receivable |  | > 89 Days Past Due and Accruing |  | Non-accrual balance |  | Total
September 30, 2018 | (Dollars in Thousands)
National Lending |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset based lending | $ | 1,235 |  |  | $ | 2,151 |  |  | $ | 94 |  |  | $ | 3,480 |  |  | $ | 474,437 |  |  | $ | 477,917 |  |  | $ | 94 |  |  | $ | — |  |  | $ | 94 |
Factoring | — |  |  | — |  |  | — |  |  | — |  |  | 284,221 |  |  | 284,221 |  |  | — |  |  | — |  |  | — |
Lease financing | 16,542 |  |  | 532 |  |  | 2,921 |  |  | 19,995 |  |  | 245,320 |  |  | 265,315 |  |  | 726 |  |  | 2,864 |  |  | 3,590 |
Insurance premium finance | 1,864 |  |  | 1,019 |  |  | 2,981 |  |  | 5,864 |  |  | 332,013 |  |  | 337,877 |  |  | 2,981 |  |  | — |  |  | 2,981 |
SBA/USDA | 1,067 |  |  | — |  |  | — |  |  | 1,067 |  |  | 58,307 |  |  | 59,374 |  |  | — |  |  | — |  |  | — |
Other commercial finance | — |  |  | — |  |  | — |  |  | — |  |  | 85,145 |  |  | 85,145 |  |  | — |  |  | — |  |  | — |
Commercial finance | 20,708 |  |  | 3,702 |  |  | 5,996 |  |  | 30,406 |  |  | 1,479,443 |  |  | 1,509,849 |  |  | 3,801 |  |  | 2,864 |  |  | 6,665 |
Consumer credit products | 532 |  |  | 284 |  |  | 147 |  |  | 963 |  |  | 79,642 |  |  | 80,605 |  |  | 147 |  |  | — |  |  | 147 |
Other consumer finance | 2,677 |  |  | 1,311 |  |  | 2,237 |  |  | 6,225 |  |  | 183,531 |  |  | 189,756 |  |  | 2,237 |  |  | — |  |  | 2,237 |
Consumer finance | 3,209 |  |  | 1,595 |  |  | 2,384 |  |  | 7,188 |  |  | 263,173 |  |  | 270,361 |  |  | 2,384 |  |  | — |  |  | 2,384 |
Tax services | — |  |  | — |  |  | 1,073 |  |  | 1,073 |  |  | — |  |  | 1,073 |  |  | 1,073 |  |  | — |  |  | 1,073 |
Warehouse finance | — |  |  | — |  |  | — |  |  | — |  |  | 65,000 |  |  | 65,000 |  |  | — |  |  | — |  |  | — |
Total National Lending | 23,917 |  |  | 5,297 |  |  | 9,453 |  |  | 38,667 |  |  | 1,807,616 |  |  | 1,846,283 |  |  | 7,258 |  |  | 2,864 |  |  | 10,122 |
Community Banking |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | — |  |  | — |  |  | — |  |  | — |  |  | 790,890 |  |  | 790,890 |  |  | — |  |  | — |  |  | — |
Consumer one-to-four family real estate and other | 105 |  |  | — |  |  | 79 |  |  | 184 |  |  | 247,134 |  |  | 247,318 |  |  | 79 |  |  | — |  |  | 79 |
Agricultural real estate and operating | — |  |  | — |  |  | — |  |  | — |  |  | 60,498 |  |  | 60,498 |  |  | — |  |  | — |  |  | — |
Total Community Banking | 105 |  |  | — |  |  | 79 |  |  | 184 |  |  | 1,098,522 |  |  | 1,098,706 |  |  | 79 |  |  | — |  |  | 79 |
Total Loans and Leases | $ | 24,022 |  |  | $ | 5,297 |  |  | $ | 9,532 |  |  | $ | 38,851 |  |  | $ | 2,906,138 |  |  | $ | 2,944,989 |  |  | $ | 7,337 |  |  | $ | 2,864 |  |  | $ | 10,201 |
Impaired Loans | Impaired loans and leases at December 31, 2018 and September 30, 2018 were as follows:
December 31, 2018 | Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
Loans and leases without a specific valuation allowance | (Dollars in Thousands)
National Lending |  |  |  |  |
Asset based lending | $ | 2,371 |  |  | $ | 2,871 |  |  | $ | — |
Factoring | 885 |  |  | 1,453 |  |  | — |
Lease financing | 5,000 |  |  | 5,000 |  |  | — |
Commercial finance | 8,256 |  |  | 9,324 |  |  | — |
Total National Lending | 8,256 |  |  | 9,324 |  |  | — |
Community Banking |  |  |  |  |
Commercial real estate and operating | 402 |  |  | 402 |  |  | — |
Consumer one-to-four family real estate and other | 138 |  |  | 138 |  |  | — |
Agricultural real estate and operating | 1,511 |  |  | 1,511 |  |  | — |
Total Community Banking | 2,051 |  |  | 2,051 |  |  | — |
Total | $ | 10,307 |  |  | $ | 11,375 |  |  | $ | — |
Loans and leases with a specific valuation allowance |  |  |  |  |
National Lending |  |  |  |  |
Factoring | $ | 795 |  |  | $ | 795 |  |  | $ | 134 |
Commercial finance | 795 |  |  | 795 |  |  | 134 |
Total National Lending | 795 |  |  | 795 |  |  | 134 |
Total | $ | 795 |  |  | $ | 795 |  |  | $ | 134 |
September 30, 2018 | Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
Loans and leases without a specific valuation allowance | (Dollars in Thousands)
National Lending |  |  |  |  |
Asset based lending | $ | 1,325 |  |  | $ | 1,325 |  |  | $ | — |
Factoring | 1,383 |  |  | 1,713 |  |  | — |
Lease financing | 5,491 |  |  | 5,491 |  |  | — |
Commercial finance | 8,199 |  |  | 8,529 |  |  | — |
Total National Lending | 8,199 |  |  | 8,529 |  |  | — |
Community Banking | 405 |  |  | 405 |  |  | — |
Commercial real estate and operating | 140 |  |  | 140 |  |  | — |
Consumer one-to-four family real estate and other | 1,454 |  |  | 1,454 |  |  | — |
Agricultural real estate and operating | 1,999 |  |  | 1,999 |  |  | — |
Total | $ | 10,198 |  |  | $ | 10,528 |  |  | $ | — |
Loans and leases with a specific valuation allowance |  |  |  |  |
National Lending |  |  |  |  |
Asset based lending | $ | 79 |  |  | $ | 79 |  |  | $ | 22 |
Factoring | 1,948 |  |  | 2,198 |  |  | 49 |
Lease financing | 3,386 |  |  | 3,386 |  |  | 517 |
Commercial finance | 5,413 |  |  | 5,663 |  |  | 588 |
Total National Lending | 5,413 |  |  | 5,663 |  |  | 588 |
Total | $ | 5,413 |  |  | $ | 5,413 |  |  | $ | 588 |
The following table provides the average recorded investment in impaired loans and leases for the three month periods ended December 31, 2018 and 2017.
| December 31, 2018 |  | December 31, 2017
| Average Recorded Investment |  | Recognized Interest Income |  | Average Recorded Investment |  | Recognized Interest Income
| (Dollars in Thousands)
National Lending |  |  |  |  |  |  |
Asset based lending | $ | 1,726 |  |  | $ | 79 |  |  | $ | — |  |  | $ | — |
Factoring | 2,780 |  |  | 5 |  |  | — |  |  | — |
Lease financing | 7,585 |  |  | 10 |  |  | — |  |  | — |
Commercial finance | 12,091 |  |  | 94 |  |  | — |  |  | — |
Total National Lending | 12,091 |  |  | 94 |  |  | — |  |  | — |
Community Banking |  |  |  |  |  |  |
Commercial real estate and operating | 404 |  |  | 4 |  |  | 975 |  |  | 5 |
Consumer one-to-four family real estate and other | 139 |  |  | 2 |  |  | 100 |  |  | 2 |
Agricultural real estate and operating | 1,473 |  |  | 25 |  |  | 351 |  |  | 14 |
Total Community Banking | 2,016 |  |  | 31 |  |  | 1,426 |  |  | 21 |
Total loans and leases | $ | 14,107 |  |  | $ | 125 |  |  | $ | 1,426 |  |  | $ | 21 |

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