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LOANS AND LEASES, NET | 6 Months Ended
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Mar. 31, 2020 | Mar. 31, 2019
Loans and Leases Receivable Disclosure [Abstract] |  |
LOANS AND LEASES, NET | LOANS AND LEASES, NET Loans and leases consist of the following:
(Dollars in Thousands) | March 31, 2020 |  | September 30, 2019
National Lending |  |  |
Term lending(1) | $ | 725,581 |  |  | $ | 641,742 |
Asset based lending(1) | 250,211 |  |  | 250,465 |
Factoring | 285,495 |  |  | 296,507 |
Lease financing(1) | 238,788 |  |  | 177,915 |
Insurance premium finance | 332,800 |  |  | 361,105 |
SBA/USDA | 92,000 |  |  | 88,831 |
Other commercial finance | 101,472 |  |  | 99,665 |
Commercial finance | 2,026,347 |  |  | 1,916,230 |
Consumer credit products | 113,544 |  |  | 106,794 |
Other consumer finance | 144,895 |  |  | 161,404 |
Consumer finance | 258,439 |  |  | 268,198 |
Tax services | 95,936 |  |  | 2,240 |
Warehouse finance | 333,829 |  |  | 262,924 |
Total National Lending | 2,714,551 |  |  | 2,449,592 |
Community Banking |  |  |
Commercial real estate and operating | 654,429 |  |  | 883,932 |
Consumer one-to-four family real estate and other | 205,046 |  |  | 259,425 |
Agricultural real estate and operating | 36,759 |  |  | 58,464 |
Total Community Banking | 896,234 |  |  | 1,201,821 |
Total loans and leases | 3,610,785 |  |  | 3,651,413 |
Net deferred loan origination fees (costs) | 8,139 |  |  | 7,434 |
Total gross loans and leases | 3,618,924 |  |  | 3,658,847 |
Allowance for loan and lease losses | (65,355) |  |  | (29,149) |
Total loans and leases, net(2) | $ | 3,553,569 |  |  | $ | 3,629,698 |
(1) The Company has updated the presentation of its loan and lease table beginning in the fiscal 2020 first quarter. The new presentation includes a new category called term lending. Certain balances previously included in the asset based lending and lease financing categories have been reclassified into the new term lending category during the fiscal 2020 first quarter. Prior period balances have been conformed to the new presentation. (2) As of March 31, 2020, the remaining balance of acquired loans and leases from the acquisition of Crestmark Bancorp, Inc. ("Crestmark") and its bank subsidiary, Crestmark Bank (the "Crestmark Acquisition") was $236.6 million and the remaining balances of the credit and interest rate mark discounts related to the acquired loans and leases held for investment were $4.3 million and $2.7 million, respectively, while the remaining balance of the interest rate mark premium related to the acquired loans held for sale was $0.4 million. 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. During the six months ended March 31, 2020, the Company transferred $277.0 million of Community Banking loans to held for sale. During the six months ended March 31, 2019, the Company transferred $39.5 million of consumer credit product loans to held for sale. During the six months ended March 31, 2020 and 2019, the Company originated $32.2 million and $43.0 million, respectively, of SBA/USDA and consumer credit product loans as held for sale. The Company sold held for sale loans resulting in proceeds of $432.0 million and gains on sale of $6.2 million during the six months ended March 31, 2020. The Company sold held for sale loans resulting in proceeds of $36.5 million and gains on sale of $1.7 million during the six months ended March 31, 2019 . Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:
| Three Months Ended March 31, |  |  |  | Six Months Ended March 31, |  |
(Dollars in Thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Loans Purchased |  |  |  |  |  |  |
Loans held for sale: |  |  |  |  |  |  |  |  |  |  |
Total National Lending | $ | — |  |  |  | $ | 5,940 |  |  | $ | — |  |  |  | $ | 5,940 |
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |
Total National Lending | 89,424 |  |  |  | 10,621 |  |  | 103,888 |  |  |  | 125,591 |
Total Community Banking | 9,440 |  |  |  | 7,432 |  |  | 13,789 |  |  |  | 18,513 |
Total purchases | $ | 98,864 |  |  |  | $ | 23,933 |  |  | $ | 117,677 |  |  |  | $ | 150,044 |
Loans Sold |  |  |  |  |  |  |
Loans held for sale: |  |  |  |  |  |  |  |  |  |  |  |  |
Total National Lending | $ | 17,255 |  |  |  | $ | 28,051 |  |  | $ | 160,290 |  |  |  | $ | 34,904 |
Total Community Banking | 271,681 |  |  |  | — |  |  | 271,681 |  |  |  | — |
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |
Total Community Banking | — |  |  |  | 10,479 |  |  | 3,099 |  |  |  | 10,857 |
Total sales | $ | 288,936 |  |  |  | $ | 38,530 |  |  | $ | 435,070 |  |  |  | $ | 45,761 |
Leasing Portfolio Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) and related ASUs on a modified retrospective basis, electing the practical expedients and optional transition method. As such, the following leasing disclosures include information at, or for the three and six months ended, March 31, 2020. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in Thousands) | March 31, 2020 |  | September 30, 2019
Carrying Amount | $ | 255,005 |  |  | $ | 191,733 |
Unguaranteed residual assets | 16,490 |  |  | 13,353 |
Unamortized initial direct costs | 1,769 |  |  | 1,790 |
Unearned income | (32,707) |  |  | (27,171) |
Total net investment in direct financing and sales-type leases | $ | 240,557 |  |  | $ | 179,705 |
The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $9.2 million at March 31, 2020. The components of total lease income were as follows:
| March 31, 2020 |  |
(Dollars in Thousands) | Three Months Ended |  | Six Months Ended
Interest income - loans and leases |  |  |
Interest income on net investments in direct financing and sales-type leases | $ | 4,375 |  |  | $ | 8,462 |
Leasing and equipment finance noninterest income |  |  |  |
Lease income from operating lease payments | 11,263 |  |  | 22,466 |
Profit (loss) recorded on commencement date on sales-type leases | 16 |  |  | 487 |
Other(1) | 1,831 |  |  | 2,581 |
Total leasing and equipment finance noninterest income | 13,110 |  |  | 25,534 |
Total lease income | $ | 17,485 |  |  | $ | 33,996 |
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases. Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:
(Dollars in Thousands) |
Remaining in 2020 | $ | 46,751 |
2021 | 81,458 |
2022 | 61,177 |
2023 | 37,755 |
2024 | 20,933 |
Thereafter | 6,931 |
Equipment under leases not yet commenced | — |
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases | 255,005 |
Third-party residual value guarantees | — |
Total carrying amount of direct financing and sales-type leases | $ | 255,005 |
The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2020. During the Company's fiscal 2020 second quarter, the COVID-19 pandemic began impacting global and US markets and macroeconomic conditions. Although the effect of the pandemic on the Company's loan and lease portfolio is difficult to predict at this time, management performed an evaluation of the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses. The framework for the analysis was based on the Company's current allowance for loan and lease losses ("ALLL") methodology with additional considerations. From this impact assessment, additional reserve levels were estimated by increasing historical loss rate expectations and qualitative factors. Borrowers within certain industries were considered higher risk for credit loss (e.g. transportation, hospitality, travel, entertainment and retail). Based on the Company's assessment of the COVID-19 pandemic, the Company recognized an additional provision for loan and lease losses of $15.8 million. The Company will continue to assess the impact to their customers and businesses as a result of COVID-19 and refine their estimate as more information becomes available. Activity in the allowance for loan and lease losses and balances of loans and leases by portfolio segment for each of the three and six months ended was as follows:
| Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 6,750 |  |  | $ | 5,679 |  |  | $ | (877) |  |  | $ | 95 |  |  | $ | 11,647 |
Asset based lending | 1,995 |  |  | 803 |  |  | — |  |  | 28 |  |  | 2,826 |
Factoring | 3,548 |  |  | 1,231 |  |  | (345) |  |  | 10 |  |  | 4,444 |
Lease financing | 1,695 |  |  | 1,043 |  |  | (152) |  |  | 97 |  |  | 2,683 |
Insurance premium finance | 970 |  |  | 1,935 |  |  | (789) |  |  | 26 |  |  | 2,142 |
SBA/USDA | 765 |  |  | 910 |  |  | (117) |  |  | — |  |  | 1,558 |
Other commercial finance | 160 |  |  | 392 |  |  | — |  |  | — |  |  | 552 |
Commercial finance | 15,883 |  |  | 11,993 |  |  | (2,280) |  |  | 256 |  |  | 25,852 |
Consumer credit products | 1,107 |  |  | (25) |  |  | — |  |  | — |  |  | 1,082 |
Other consumer finance | 4,889 |  |  | (1,308) |  |  | (907) |  |  | 740 |  |  | 3,414 |
Consumer finance | 5,996 |  |  | (1,333) |  |  | (907) |  |  | 740 |  |  | 4,496 |
Tax services | 1,650 |  |  | 19,596 |  |  | — |  |  | 74 |  |  | 21,320 |
Warehouse finance | 269 |  |  | 65 |  |  | — |  |  | — |  |  | 334 |
Total National Lending | 23,798 |  |  | 30,321 |  |  | (3,187) |  |  | 1,070 |  |  | 52,002 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 4,665 |  |  | 5,404 |  |  | — |  |  | — |  |  | 10,069 |
Consumer one-to-four family real estate and other | 1,031 |  |  | 1,319 |  |  | — |  |  | — |  |  | 2,350 |
Agricultural real estate and operating | 682 |  |  | 252 |  |  | — |  |  | — |  |  | 934 |
Total Community Banking | 6,378 |  |  | 6,975 |  |  | — |  |  | — |  |  | 13,353 |
Total | $ | 30,176 |  |  | $ | 37,296 |  |  | $ | (3,187) |  |  | $ | 1,070 |  |  | $ | 65,355 |
| Six Months Ended March 31, 2020 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 5,533 |  |  |  | $ | 9,081 |  |  |  | $ | (3,172) |  |  |  | $ | 205 |  |  |  | $ | 11,647 |
Asset based lending | 2,437 |  |  | 342 |  |  | — |  |  | 47 |  |  | 2,826 |
Factoring | 3,261 |  |  | 1,489 |  |  | (735) |  |  | 429 |  |  | 4,444 |
Lease financing | 1,275 |  |  | 1,546 |  |  | (367) |  |  | 229 |  |  | 2,683 |
Insurance premium finance | 1,024 |  |  | 2,076 |  |  | (1,074) |  |  | 116 |  |  | 2,142 |
SBA/USDA | 383 |  |  | 1,292 |  |  | (117) |  |  | — |  |  | 1,558 |
Other commercial finance | 683 |  |  | (131) |  |  | — |  |  | — |  |  | 552 |
Commercial finance | 14,596 |  |  | 15,695 |  |  | (5,465) |  |  | 1,026 |  |  | 25,852 |
Consumer credit products | 1,044 |  |  | 38 |  |  | — |  |  | — |  |  | 1,082 |
Other consumer finance | 5,118 |  |  | (833) |  |  | (1,640) |  |  | 769 |  |  | 3,414 |
Consumer finance | 6,162 |  |  | (795) |  |  | (1,640) |  |  | 769 |  |  | 4,496 |
Tax services | — |  |  | 20,507 |  |  | — |  |  | 813 |  |  | 21,320 |
Warehouse finance | 263 |  |  | 71 |  |  | — |  |  | — |  |  | 334 |
Total National Lending | 21,021 |  |  | 35,478 |  |  | (7,105) |  |  | 2,608 |  |  | 52,002 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 6,208 |  |  | 3,861 |  |  | — |  |  | — |  |  | 10,069 |
Consumer one-to-four family real estate and other | 1,053 |  |  | 1,297 |  |  | — |  |  | — |  |  | 2,350 |
Agricultural real estate and operating | 867 |  |  | 67 |  |  | — |  |  | — |  |  | 934 |
Total Community Banking | 8,128 |  |  | 5,225 |  |  | — |  |  | — |  |  | 13,353 |
Total | $ | 29,149 |  |  | $ | 40,703 |  |  | $ | (7,105) |  |  | $ | 2,608 |  |  | $ | 65,355 |
| Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 1,835 |  |  | $ | 1,654 |  |  | $ | (453) |  |  | $ | 85 |  |  | $ | 3,121 |
Asset based lending | 775 |  |  | 634 |  |  | — |  |  | 1 |  |  | 1,410 |
Factoring | 1,062 |  |  | 1,799 |  |  | (1,125) |  |  | 25 |  |  | 1,761 |
Lease financing | 539 |  |  | 748 |  |  | (591) |  |  | 237 |  |  | 933 |
Insurance premium finance | 972 |  |  | 1,797 |  |  | (1,877) |  |  | 27 |  |  | 919 |
SBA/USDA | 253 |  |  | 221 |  |  | — |  |  | — |  |  | 474 |
Other commercial finance | 291 |  |  | 234 |  |  | — |  |  | — |  |  | 525 |
Commercial finance | 5,727 |  |  | 7,087 |  |  | (4,046) |  |  | 375 |  |  | 9,143 |
Consumer credit products | 1,151 |  |  | 163 |  |  | — |  |  | — |  |  | 1,314 |
Other consumer finance | 4,222 |  |  | 3,336 |  |  | (2,456) |  |  | 28 |  |  | 5,130 |
Consumer finance | 5,373 |  |  | 3,499 |  |  | (2,456) |  |  | 28 |  |  | 6,444 |
Tax services | 1,546 |  |  | 22,473 |  |  | (1) |  |  | 84 |  |  | 24,102 |
Warehouse finance | 176 |  |  | 9 |  |  | — |  |  | — |  |  | 185 |
Total National Lending | 12,822 |  |  | 33,068 |  |  | (6,503) |  |  | 487 |  |  | 39,874 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 6,570 |  |  | 103 |  |  | — |  |  | — |  |  | 6,673 |
Consumer one-to-four family real estate and other | 719 |  |  | 259 |  |  | (20) |  |  | — |  |  | 958 |
Agricultural real estate and operating | 1,179 |  |  | (112) |  |  | — |  |  | 100 |  |  | 1,167 |
Total Community Banking | 8,468 |  |  | 250 |  |  | (20) |  |  | 100 |  |  | 8,798 |
Total | $ | 21,290 |  |  | $ | 33,318 |  |  | $ | (6,523) |  |  | $ | 587 |  |  | $ | 48,672 |
| Six Months Ended March 31, 2019 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 89 |  |  |  | $ | 2,364 |  |  |  | $ | (781) |  |  |  | $ | 1,449 |  |  |  | $ | 3,121 |
Asset based lending | 47 |  |  |  | 1,358 |  |  |  | — |  |  |  | 5 |  |  |  | 1,410 |
Factoring | 64 |  |  |  | 3,022 |  |  |  | (1,375) |  |  |  | 50 |  |  |  | 1,761 |
Lease financing | 30 |  |  |  | 1,348 |  |  |  | (943) |  |  |  | 498 |  |  |  | 933 |
Insurance premium finance | 1,031 |  |  |  | 1,890 |  |  |  | (2,085) |  |  |  | 83 |  |  |  | 919 |
SBA/USDA | 13 |  |  |  | 461 |  |  |  | — |  |  |  | — |  |  |  | 474 |
Other commercial finance | 28 |  |  | 497 |  |  | — |  |  | — |  |  | 525 |
Commercial finance | 1,302 |  |  | 10,940 |  |  | (5,184) |  |  | 2,085 |  |  | 9,143 |
Consumer credit products | 785 |  |  | 529 |  |  | — |  |  | — |  |  | 1,314 |
Other consumer finance | 2,820 |  |  | 6,359 |  |  | (4,079) |  |  | 30 |  |  | 5,130 |
Consumer finance | 3,605 |  |  | 6,888 |  |  | (4,079) |  |  | 30 |  |  | 6,444 |
Tax services | — |  |  | 23,969 |  |  | (43) |  |  | 176 |  |  | 24,102 |
Warehouse finance | 65 |  |  |  | 461,000 |  |  |  | — |  |  |  | — |  |  |  | 185 |
Total National Lending | 4,972 |  |  | 41,917 |  |  | (9,306) |  |  | 2,291 |  |  | 39,874 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 6,220 |  |  | 453 |  |  | — |  |  | — |  |  | 6,673 |
Consumer one-to-four family real estate and other | 632 |  |  | 346 |  |  | (20) |  |  | — |  |  | 958 |
Agricultural real estate and operating | 1,216 |  |  | (299) |  |  | — |  |  | 250 |  |  | 1,167 |
Total Community Banking | 8,068 |  |  | 500 |  |  | (20) |  |  | 250 |  |  | 8,798 |
Total | $ | 13,040 |  |  | $ | 42,417 |  |  | $ | (9,326) |  |  | $ | 2,541 |  |  | $ | 48,672 |
The following tables provide details regarding the allowance for loan and lease losses and balance by type of allowance:
| 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 March 31, 2020 | (Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |  |  |
Term lending | $ | 1,883 |  |  | $ | 9,764 |  |  | $ | 11,647 |  |  | $ | 27,538 |  |  | $ | 698,043 |  |  | $ | 725,581 |
Asset based lending | — |  |  | 2,826 |  |  | 2,826 |  |  | — |  |  | 250,211 |  |  | 250,211 |
Factoring | 561 |  |  | 3,883 |  |  | 4,444 |  |  | 5,989 |  |  | 279,506 |  |  | 285,495 |
Lease financing | 395 |  |  | 2,288 |  |  | 2,683 |  |  | 2,072 |  |  | 236,716 |  |  | 238,788 |
Insurance premium finance | — |  |  | 2,142 |  |  | 2,142 |  |  | — |  |  | 332,800 |  |  | 332,800 |
SBA/USDA | 1,164 |  |  | 394 |  |  | 1,558 |  |  | 3,553 |  |  | 88,447 |  |  | 92,000 |
Other commercial finance | — |  |  | 552 |  |  | 552 |  |  | — |  |  | 101,472 |  |  | 101,472 |
Commercial finance | 4,003 |  |  | 21,849 |  |  | 25,852 |  |  | 39,152 |  |  | 1,987,195 |  |  | 2,026,347 |
Consumer credit products | — |  |  | 1,082 |  |  | 1,082 |  |  | — |  |  | 113,544 |  |  | 113,544 |
Other consumer finance | — |  |  | 3,414 |  |  | 3,414 |  |  | 1,910 |  |  | 142,985 |  |  | 144,895 |
Consumer finance | — |  |  | 4,496 |  |  | 4,496 |  |  | 1,910 |  |  | 256,529 |  |  | 258,439 |
Tax services | — |  |  | 21,320 |  |  | 21,320 |  |  | — |  |  | 95,936 |  |  | 95,936 |
Warehouse finance | — |  |  | 334 |  |  | 334 |  |  | — |  |  | 333,829 |  |  | 333,829 |
Total National Lending | 4,003 |  |  | 47,999 |  |  | 52,002 |  |  | 41,062 |  |  | 2,673,489 |  |  | 2,714,551 |
Community Banking |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 55 |  |  | 10,014 |  |  | 10,069 |  |  | 399 |  |  | 654,030 |  |  | 654,429 |
Consumer one-to-four family real estate and other | — |  |  | 2,350 |  |  | 2,350 |  |  | 108 |  |  | 204,938 |  |  | 205,046 |
Agricultural real estate and operating | — |  |  | 934 |  |  | 934 |  |  | 2,437 |  |  | 34,322 |  |  | 36,759 |
Total Community Banking | 55 |  |  | 13,298 |  |  | 13,353 |  |  | 2,944 |  |  | 893,290 |  |  | 896,234 |
Total | $ | 4,058 |  |  | $ | 61,297 |  |  | $ | 65,355 |  |  | $ | 44,006 |  |  | $ | 3,566,779 |  |  | $ | 3,610,785 |
| 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 September 30, 2019 | (Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |  |  |
Term lending | $ | 450 |  |  | $ | 5,083 |  |  | $ | 5,533 |  |  | $ | 19,568 |  |  | $ | 622,174 |  |  | $ | 641,742 |
Asset based lending | — |  |  | 2,437 |  |  | 2,437 |  |  | 378 |  |  | 250,087 |  |  | 250,465 |
Factoring | 1,262 |  |  | 1,999 |  |  | 3,261 |  |  | 3,824 |  |  | 292,683 |  |  | 296,507 |
Lease financing | 112 |  |  | 1,163 |  |  | 1,275 |  |  | 1,213 |  |  | 176,702 |  |  | 177,915 |
Insurance premium finance | — |  |  | 1,024 |  |  | 1,024 |  |  | — |  |  | 361,105 |  |  | 361,105 |
SBA/USDA | 51 |  |  | 332 |  |  | 383 |  |  | 3,841 |  |  | 84,990 |  |  | 88,831 |
Other commercial finance | — |  |  | 683 |  |  | 683 |  |  | — |  |  | 99,665 |  |  | 99,665 |
Commercial finance | 1,875 |  |  | 12,721 |  |  | 14,596 |  |  | 28,824 |  |  | 1,887,406 |  |  | 1,916,230 |
Consumer credit products | — |  |  | 1,044 |  |  | 1,044 |  |  | — |  |  | 106,794 |  |  | 106,794 |
Other consumer finance | — |  |  | 5,118 |  |  | 5,118 |  |  | 1,472 |  |  | 159,932 |  |  | 161,404 |
Consumer finance | — |  |  | 6,162 |  |  | 6,162 |  |  | 1,472 |  |  | 266,726 |  |  | 268,198 |
Tax services | — |  |  | — |  |  | — |  |  | — |  |  | 2,240 |  |  | 2,240 |
Warehouse finance | — |  |  | 263 |  |  | 263 |  |  | — |  |  | 262,924 |  |  | 262,924 |
Total National Lending | 1,875 |  |  | 19,146 |  |  | 21,021 |  |  | 30,296 |  |  | 2,419,296 |  |  | 2,449,592 |
Community Banking |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | — |  |  | 6,208 |  |  | 6,208 |  |  | 258 |  |  | 883,674 |  |  | 883,932 |
Consumer one-to-four family real estate and other | — |  |  | 1,053 |  |  | 1,053 |  |  | 100 |  |  | 259,325 |  |  | 259,425 |
Agricultural real estate and operating | — |  |  | 867 |  |  | 867 |  |  | 2,985 |  |  | 55,479 |  |  | 58,464 |
Total Community Banking | — |  |  | 8,128 |  |  | 8,128 |  |  | 3,343 |  |  | 1,198,478 |  |  | 1,201,821 |
Total | $ | 1,875 |  |  | $ | 27,274 |  |  | $ | 29,149 |  |  | $ | 33,639 |  |  | $ | 3,617,774 |  |  | $ | 3,651,413 |
| LOANS AND LEASES, NET Loans and leases consist of the following:
(Dollars in Thousands) | March 31, 2020 |  | September 30, 2019
National Lending |  |  |
Term lending(1) | $ | 725,581 |  |  | $ | 641,742 |
Asset based lending(1) | 250,211 |  |  | 250,465 |
Factoring | 285,495 |  |  | 296,507 |
Lease financing(1) | 238,788 |  |  | 177,915 |
Insurance premium finance | 332,800 |  |  | 361,105 |
SBA/USDA | 92,000 |  |  | 88,831 |
Other commercial finance | 101,472 |  |  | 99,665 |
Commercial finance | 2,026,347 |  |  | 1,916,230 |
Consumer credit products | 113,544 |  |  | 106,794 |
Other consumer finance | 144,895 |  |  | 161,404 |
Consumer finance | 258,439 |  |  | 268,198 |
Tax services | 95,936 |  |  | 2,240 |
Warehouse finance | 333,829 |  |  | 262,924 |
Total National Lending | 2,714,551 |  |  | 2,449,592 |
Community Banking |  |  |
Commercial real estate and operating | 654,429 |  |  | 883,932 |
Consumer one-to-four family real estate and other | 205,046 |  |  | 259,425 |
Agricultural real estate and operating | 36,759 |  |  | 58,464 |
Total Community Banking | 896,234 |  |  | 1,201,821 |
Total loans and leases | 3,610,785 |  |  | 3,651,413 |
Net deferred loan origination fees (costs) | 8,139 |  |  | 7,434 |
Total gross loans and leases | 3,618,924 |  |  | 3,658,847 |
Allowance for loan and lease losses | (65,355) |  |  | (29,149) |
Total loans and leases, net(2) | $ | 3,553,569 |  |  | $ | 3,629,698 |
(1) The Company has updated the presentation of its loan and lease table beginning in the fiscal 2020 first quarter. The new presentation includes a new category called term lending. Certain balances previously included in the asset based lending and lease financing categories have been reclassified into the new term lending category during the fiscal 2020 first quarter. Prior period balances have been conformed to the new presentation. (2) As of March 31, 2020, the remaining balance of acquired loans and leases from the acquisition of Crestmark Bancorp, Inc. ("Crestmark") and its bank subsidiary, Crestmark Bank (the "Crestmark Acquisition") was $236.6 million and the remaining balances of the credit and interest rate mark discounts related to the acquired loans and leases held for investment were $4.3 million and $2.7 million, respectively, while the remaining balance of the interest rate mark premium related to the acquired loans held for sale was $0.4 million. 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. During the six months ended March 31, 2020, the Company transferred $277.0 million of Community Banking loans to held for sale. During the six months ended March 31, 2019, the Company transferred $39.5 million of consumer credit product loans to held for sale. During the six months ended March 31, 2020 and 2019, the Company originated $32.2 million and $43.0 million, respectively, of SBA/USDA and consumer credit product loans as held for sale. The Company sold held for sale loans resulting in proceeds of $432.0 million and gains on sale of $6.2 million during the six months ended March 31, 2020. The Company sold held for sale loans resulting in proceeds of $36.5 million and gains on sale of $1.7 million during the six months ended March 31, 2019 . Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:
| Three Months Ended March 31, |  |  |  | Six Months Ended March 31, |  |
(Dollars in Thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Loans Purchased |  |  |  |  |  |  |
Loans held for sale: |  |  |  |  |  |  |  |  |  |  |
Total National Lending | $ | — |  |  |  | $ | 5,940 |  |  | $ | — |  |  |  | $ | 5,940 |
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |
Total National Lending | 89,424 |  |  |  | 10,621 |  |  | 103,888 |  |  |  | 125,591 |
Total Community Banking | 9,440 |  |  |  | 7,432 |  |  | 13,789 |  |  |  | 18,513 |
Total purchases | $ | 98,864 |  |  |  | $ | 23,933 |  |  | $ | 117,677 |  |  |  | $ | 150,044 |
Loans Sold |  |  |  |  |  |  |
Loans held for sale: |  |  |  |  |  |  |  |  |  |  |  |  |
Total National Lending | $ | 17,255 |  |  |  | $ | 28,051 |  |  | $ | 160,290 |  |  |  | $ | 34,904 |
Total Community Banking | 271,681 |  |  |  | — |  |  | 271,681 |  |  |  | — |
Loans held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |
Total Community Banking | — |  |  |  | 10,479 |  |  | 3,099 |  |  |  | 10,857 |
Total sales | $ | 288,936 |  |  |  | $ | 38,530 |  |  | $ | 435,070 |  |  |  | $ | 45,761 |
Leasing Portfolio Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) and related ASUs on a modified retrospective basis, electing the practical expedients and optional transition method. As such, the following leasing disclosures include information at, or for the three and six months ended, March 31, 2020. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in Thousands) | March 31, 2020 |  | September 30, 2019
Carrying Amount | $ | 255,005 |  |  | $ | 191,733 |
Unguaranteed residual assets | 16,490 |  |  | 13,353 |
Unamortized initial direct costs | 1,769 |  |  | 1,790 |
Unearned income | (32,707) |  |  | (27,171) |
Total net investment in direct financing and sales-type leases | $ | 240,557 |  |  | $ | 179,705 |
The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $9.2 million at March 31, 2020. The components of total lease income were as follows:
| March 31, 2020 |  |
(Dollars in Thousands) | Three Months Ended |  | Six Months Ended
Interest income - loans and leases |  |  |
Interest income on net investments in direct financing and sales-type leases | $ | 4,375 |  |  | $ | 8,462 |
Leasing and equipment finance noninterest income |  |  |  |
Lease income from operating lease payments | 11,263 |  |  | 22,466 |
Profit (loss) recorded on commencement date on sales-type leases | 16 |  |  | 487 |
Other(1) | 1,831 |  |  | 2,581 |
Total leasing and equipment finance noninterest income | 13,110 |  |  | 25,534 |
Total lease income | $ | 17,485 |  |  | $ | 33,996 |
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases. Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:
(Dollars in Thousands) |
Remaining in 2020 | $ | 46,751 |
2021 | 81,458 |
2022 | 61,177 |
2023 | 37,755 |
2024 | 20,933 |
Thereafter | 6,931 |
Equipment under leases not yet commenced | — |
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases | 255,005 |
Third-party residual value guarantees | — |
Total carrying amount of direct financing and sales-type leases | $ | 255,005 |
The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2020. During the Company's fiscal 2020 second quarter, the COVID-19 pandemic began impacting global and US markets and macroeconomic conditions. Although the effect of the pandemic on the Company's loan and lease portfolio is difficult to predict at this time, management performed an evaluation of the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses. The framework for the analysis was based on the Company's current allowance for loan and lease losses ("ALLL") methodology with additional considerations. From this impact assessment, additional reserve levels were estimated by increasing historical loss rate expectations and qualitative factors. Borrowers within certain industries were considered higher risk for credit loss (e.g. transportation, hospitality, travel, entertainment and retail). Based on the Company's assessment of the COVID-19 pandemic, the Company recognized an additional provision for loan and lease losses of $15.8 million. The Company will continue to assess the impact to their customers and businesses as a result of COVID-19 and refine their estimate as more information becomes available. Activity in the allowance for loan and lease losses and balances of loans and leases by portfolio segment for each of the three and six months ended was as follows:
| Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 6,750 |  |  | $ | 5,679 |  |  | $ | (877) |  |  | $ | 95 |  |  | $ | 11,647 |
Asset based lending | 1,995 |  |  | 803 |  |  | — |  |  | 28 |  |  | 2,826 |
Factoring | 3,548 |  |  | 1,231 |  |  | (345) |  |  | 10 |  |  | 4,444 |
Lease financing | 1,695 |  |  | 1,043 |  |  | (152) |  |  | 97 |  |  | 2,683 |
Insurance premium finance | 970 |  |  | 1,935 |  |  | (789) |  |  | 26 |  |  | 2,142 |
SBA/USDA | 765 |  |  | 910 |  |  | (117) |  |  | — |  |  | 1,558 |
Other commercial finance | 160 |  |  | 392 |  |  | — |  |  | — |  |  | 552 |
Commercial finance | 15,883 |  |  | 11,993 |  |  | (2,280) |  |  | 256 |  |  | 25,852 |
Consumer credit products | 1,107 |  |  | (25) |  |  | — |  |  | — |  |  | 1,082 |
Other consumer finance | 4,889 |  |  | (1,308) |  |  | (907) |  |  | 740 |  |  | 3,414 |
Consumer finance | 5,996 |  |  | (1,333) |  |  | (907) |  |  | 740 |  |  | 4,496 |
Tax services | 1,650 |  |  | 19,596 |  |  | — |  |  | 74 |  |  | 21,320 |
Warehouse finance | 269 |  |  | 65 |  |  | — |  |  | — |  |  | 334 |
Total National Lending | 23,798 |  |  | 30,321 |  |  | (3,187) |  |  | 1,070 |  |  | 52,002 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 4,665 |  |  | 5,404 |  |  | — |  |  | — |  |  | 10,069 |
Consumer one-to-four family real estate and other | 1,031 |  |  | 1,319 |  |  | — |  |  | — |  |  | 2,350 |
Agricultural real estate and operating | 682 |  |  | 252 |  |  | — |  |  | — |  |  | 934 |
Total Community Banking | 6,378 |  |  | 6,975 |  |  | — |  |  | — |  |  | 13,353 |
Total | $ | 30,176 |  |  | $ | 37,296 |  |  | $ | (3,187) |  |  | $ | 1,070 |  |  | $ | 65,355 |
| Six Months Ended March 31, 2020 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 5,533 |  |  |  | $ | 9,081 |  |  |  | $ | (3,172) |  |  |  | $ | 205 |  |  |  | $ | 11,647 |
Asset based lending | 2,437 |  |  | 342 |  |  | — |  |  | 47 |  |  | 2,826 |
Factoring | 3,261 |  |  | 1,489 |  |  | (735) |  |  | 429 |  |  | 4,444 |
Lease financing | 1,275 |  |  | 1,546 |  |  | (367) |  |  | 229 |  |  | 2,683 |
Insurance premium finance | 1,024 |  |  | 2,076 |  |  | (1,074) |  |  | 116 |  |  | 2,142 |
SBA/USDA | 383 |  |  | 1,292 |  |  | (117) |  |  | — |  |  | 1,558 |
Other commercial finance | 683 |  |  | (131) |  |  | — |  |  | — |  |  | 552 |
Commercial finance | 14,596 |  |  | 15,695 |  |  | (5,465) |  |  | 1,026 |  |  | 25,852 |
Consumer credit products | 1,044 |  |  | 38 |  |  | — |  |  | — |  |  | 1,082 |
Other consumer finance | 5,118 |  |  | (833) |  |  | (1,640) |  |  | 769 |  |  | 3,414 |
Consumer finance | 6,162 |  |  | (795) |  |  | (1,640) |  |  | 769 |  |  | 4,496 |
Tax services | — |  |  | 20,507 |  |  | — |  |  | 813 |  |  | 21,320 |
Warehouse finance | 263 |  |  | 71 |  |  | — |  |  | — |  |  | 334 |
Total National Lending | 21,021 |  |  | 35,478 |  |  | (7,105) |  |  | 2,608 |  |  | 52,002 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 6,208 |  |  | 3,861 |  |  | — |  |  | — |  |  | 10,069 |
Consumer one-to-four family real estate and other | 1,053 |  |  | 1,297 |  |  | — |  |  | — |  |  | 2,350 |
Agricultural real estate and operating | 867 |  |  | 67 |  |  | — |  |  | — |  |  | 934 |
Total Community Banking | 8,128 |  |  | 5,225 |  |  | — |  |  | — |  |  | 13,353 |
Total | $ | 29,149 |  |  | $ | 40,703 |  |  | $ | (7,105) |  |  | $ | 2,608 |  |  | $ | 65,355 |
| Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 1,835 |  |  | $ | 1,654 |  |  | $ | (453) |  |  | $ | 85 |  |  | $ | 3,121 |
Asset based lending | 775 |  |  | 634 |  |  | — |  |  | 1 |  |  | 1,410 |
Factoring | 1,062 |  |  | 1,799 |  |  | (1,125) |  |  | 25 |  |  | 1,761 |
Lease financing | 539 |  |  | 748 |  |  | (591) |  |  | 237 |  |  | 933 |
Insurance premium finance | 972 |  |  | 1,797 |  |  | (1,877) |  |  | 27 |  |  | 919 |
SBA/USDA | 253 |  |  | 221 |  |  | — |  |  | — |  |  | 474 |
Other commercial finance | 291 |  |  | 234 |  |  | — |  |  | — |  |  | 525 |
Commercial finance | 5,727 |  |  | 7,087 |  |  | (4,046) |  |  | 375 |  |  | 9,143 |
Consumer credit products | 1,151 |  |  | 163 |  |  | — |  |  | — |  |  | 1,314 |
Other consumer finance | 4,222 |  |  | 3,336 |  |  | (2,456) |  |  | 28 |  |  | 5,130 |
Consumer finance | 5,373 |  |  | 3,499 |  |  | (2,456) |  |  | 28 |  |  | 6,444 |
Tax services | 1,546 |  |  | 22,473 |  |  | (1) |  |  | 84 |  |  | 24,102 |
Warehouse finance | 176 |  |  | 9 |  |  | — |  |  | — |  |  | 185 |
Total National Lending | 12,822 |  |  | 33,068 |  |  | (6,503) |  |  | 487 |  |  | 39,874 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 6,570 |  |  | 103 |  |  | — |  |  | — |  |  | 6,673 |
Consumer one-to-four family real estate and other | 719 |  |  | 259 |  |  | (20) |  |  | — |  |  | 958 |
Agricultural real estate and operating | 1,179 |  |  | (112) |  |  | — |  |  | 100 |  |  | 1,167 |
Total Community Banking | 8,468 |  |  | 250 |  |  | (20) |  |  | 100 |  |  | 8,798 |
Total | $ | 21,290 |  |  | $ | 33,318 |  |  | $ | (6,523) |  |  | $ | 587 |  |  | $ | 48,672 |
| Six Months Ended March 31, 2019 |  |  |  |  |  |  |  |
(Dollars in Thousands) | Beginning balance |  | Provision (recovery) for loan and lease losses |  | Charge-offs |  | Recoveries |  | Ending balance
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |
Term lending | $ | 89 |  |  |  | $ | 2,364 |  |  |  | $ | (781) |  |  |  | $ | 1,449 |  |  |  | $ | 3,121 |
Asset based lending | 47 |  |  |  | 1,358 |  |  |  | — |  |  |  | 5 |  |  |  | 1,410 |
Factoring | 64 |  |  |  | 3,022 |  |  |  | (1,375) |  |  |  | 50 |  |  |  | 1,761 |
Lease financing | 30 |  |  |  | 1,348 |  |  |  | (943) |  |  |  | 498 |  |  |  | 933 |
Insurance premium finance | 1,031 |  |  |  | 1,890 |  |  |  | (2,085) |  |  |  | 83 |  |  |  | 919 |
SBA/USDA | 13 |  |  |  | 461 |  |  |  | — |  |  |  | — |  |  |  | 474 |
Other commercial finance | 28 |  |  | 497 |  |  | — |  |  | — |  |  | 525 |
Commercial finance | 1,302 |  |  | 10,940 |  |  | (5,184) |  |  | 2,085 |  |  | 9,143 |
Consumer credit products | 785 |  |  | 529 |  |  | — |  |  | — |  |  | 1,314 |
Other consumer finance | 2,820 |  |  | 6,359 |  |  | (4,079) |  |  | 30 |  |  | 5,130 |
Consumer finance | 3,605 |  |  | 6,888 |  |  | (4,079) |  |  | 30 |  |  | 6,444 |
Tax services | — |  |  | 23,969 |  |  | (43) |  |  | 176 |  |  | 24,102 |
Warehouse finance | 65 |  |  |  | 461,000 |  |  |  | — |  |  |  | — |  |  |  | 185 |
Total National Lending | 4,972 |  |  | 41,917 |  |  | (9,306) |  |  | 2,291 |  |  | 39,874 |
Community Banking |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 6,220 |  |  | 453 |  |  | — |  |  | — |  |  | 6,673 |
Consumer one-to-four family real estate and other | 632 |  |  | 346 |  |  | (20) |  |  | — |  |  | 958 |
Agricultural real estate and operating | 1,216 |  |  | (299) |  |  | — |  |  | 250 |  |  | 1,167 |
Total Community Banking | 8,068 |  |  | 500 |  |  | (20) |  |  | 250 |  |  | 8,798 |
Total | $ | 13,040 |  |  | $ | 42,417 |  |  | $ | (9,326) |  |  | $ | 2,541 |  |  | $ | 48,672 |
The following tables provide details regarding the allowance for loan and lease losses and balance by type of allowance:
| 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 March 31, 2020 | (Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |  |  |
Term lending | $ | 1,883 |  |  | $ | 9,764 |  |  | $ | 11,647 |  |  | $ | 27,538 |  |  | $ | 698,043 |  |  | $ | 725,581 |
Asset based lending | — |  |  | 2,826 |  |  | 2,826 |  |  | — |  |  | 250,211 |  |  | 250,211 |
Factoring | 561 |  |  | 3,883 |  |  | 4,444 |  |  | 5,989 |  |  | 279,506 |  |  | 285,495 |
Lease financing | 395 |  |  | 2,288 |  |  | 2,683 |  |  | 2,072 |  |  | 236,716 |  |  | 238,788 |
Insurance premium finance | — |  |  | 2,142 |  |  | 2,142 |  |  | — |  |  | 332,800 |  |  | 332,800 |
SBA/USDA | 1,164 |  |  | 394 |  |  | 1,558 |  |  | 3,553 |  |  | 88,447 |  |  | 92,000 |
Other commercial finance | — |  |  | 552 |  |  | 552 |  |  | — |  |  | 101,472 |  |  | 101,472 |
Commercial finance | 4,003 |  |  | 21,849 |  |  | 25,852 |  |  | 39,152 |  |  | 1,987,195 |  |  | 2,026,347 |
Consumer credit products | — |  |  | 1,082 |  |  | 1,082 |  |  | — |  |  | 113,544 |  |  | 113,544 |
Other consumer finance | — |  |  | 3,414 |  |  | 3,414 |  |  | 1,910 |  |  | 142,985 |  |  | 144,895 |
Consumer finance | — |  |  | 4,496 |  |  | 4,496 |  |  | 1,910 |  |  | 256,529 |  |  | 258,439 |
Tax services | — |  |  | 21,320 |  |  | 21,320 |  |  | — |  |  | 95,936 |  |  | 95,936 |
Warehouse finance | — |  |  | 334 |  |  | 334 |  |  | — |  |  | 333,829 |  |  | 333,829 |
Total National Lending | 4,003 |  |  | 47,999 |  |  | 52,002 |  |  | 41,062 |  |  | 2,673,489 |  |  | 2,714,551 |
Community Banking |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | 55 |  |  | 10,014 |  |  | 10,069 |  |  | 399 |  |  | 654,030 |  |  | 654,429 |
Consumer one-to-four family real estate and other | — |  |  | 2,350 |  |  | 2,350 |  |  | 108 |  |  | 204,938 |  |  | 205,046 |
Agricultural real estate and operating | — |  |  | 934 |  |  | 934 |  |  | 2,437 |  |  | 34,322 |  |  | 36,759 |
Total Community Banking | 55 |  |  | 13,298 |  |  | 13,353 |  |  | 2,944 |  |  | 893,290 |  |  | 896,234 |
Total | $ | 4,058 |  |  | $ | 61,297 |  |  | $ | 65,355 |  |  | $ | 44,006 |  |  | $ | 3,566,779 |  |  | $ | 3,610,785 |
| 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 September 30, 2019 | (Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
National Lending |  |  |  |  |  |  |  |  |  |  |
Term lending | $ | 450 |  |  | $ | 5,083 |  |  | $ | 5,533 |  |  | $ | 19,568 |  |  | $ | 622,174 |  |  | $ | 641,742 |
Asset based lending | — |  |  | 2,437 |  |  | 2,437 |  |  | 378 |  |  | 250,087 |  |  | 250,465 |
Factoring | 1,262 |  |  | 1,999 |  |  | 3,261 |  |  | 3,824 |  |  | 292,683 |  |  | 296,507 |
Lease financing | 112 |  |  | 1,163 |  |  | 1,275 |  |  | 1,213 |  |  | 176,702 |  |  | 177,915 |
Insurance premium finance | — |  |  | 1,024 |  |  | 1,024 |  |  | — |  |  | 361,105 |  |  | 361,105 |
SBA/USDA | 51 |  |  | 332 |  |  | 383 |  |  | 3,841 |  |  | 84,990 |  |  | 88,831 |
Other commercial finance | — |  |  | 683 |  |  | 683 |  |  | — |  |  | 99,665 |  |  | 99,665 |
Commercial finance | 1,875 |  |  | 12,721 |  |  | 14,596 |  |  | 28,824 |  |  | 1,887,406 |  |  | 1,916,230 |
Consumer credit products | — |  |  | 1,044 |  |  | 1,044 |  |  | — |  |  | 106,794 |  |  | 106,794 |
Other consumer finance | — |  |  | 5,118 |  |  | 5,118 |  |  | 1,472 |  |  | 159,932 |  |  | 161,404 |
Consumer finance | — |  |  | 6,162 |  |  | 6,162 |  |  | 1,472 |  |  | 266,726 |  |  | 268,198 |
Tax services | — |  |  | — |  |  | — |  |  | — |  |  | 2,240 |  |  | 2,240 |
Warehouse finance | — |  |  | 263 |  |  | 263 |  |  | — |  |  | 262,924 |  |  | 262,924 |
Total National Lending | 1,875 |  |  | 19,146 |  |  | 21,021 |  |  | 30,296 |  |  | 2,419,296 |  |  | 2,449,592 |
Community Banking |  |  |  |  |  |  |  |  |  |  |
Commercial real estate and operating | — |  |  | 6,208 |  |  | 6,208 |  |  | 258 |  |  | 883,674 |  |  | 883,932 |
Consumer one-to-four family real estate and other | — |  |  | 1,053 |  |  | 1,053 |  |  | 100 |  |  | 259,325 |  |  | 259,425 |
Agricultural real estate and operating | — |  |  | 867 |  |  | 867 |  |  | 2,985 |  |  | 55,479 |  |  | 58,464 |
Total Community Banking | — |  |  | 8,128 |  |  | 8,128 |  |  | 3,343 |  |  | 1,198,478 |  |  | 1,201,821 |
Total | $ | 1,875 |  |  | $ | 27,274 |  |  | $ | 29,149 |  |  | $ | 33,639 |  |  | $ | 3,617,774 |  |  | $ | 3,651,413 |

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