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Loans | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Loans | Loans A summary of loan balances follows:
(in thousands) | June 30, 2020 |  | December 31, 2019
Commercial real estate: |  |  |
CRE non-owner occupied | $ | 1,596,941 |  |  | $ | 1,609,556 |
CRE owner occupied | 579,803 |  |  | 546,434 |
Multifamily | 577,217 |  |  | 517,725 |
Farmland | 151,524 |  |  | 145,067 |
Total commercial real estate loans | 2,905,485 |  |  | 2,818,782 |
Consumer: |  |  |
SFR 1-4 1st DT liens | 506,069 |  |  | 509,508 |
SFR HELOCs and junior liens | 358,087 |  |  | 362,886 |
Other | 81,513 |  |  | 82,656 |
Total consumer loans | 945,669 |  |  | 955,050 |
Commercial and industrial | 634,481 |  |  | 249,791 |
Construction | 278,566 |  |  | 249,827 |
Agriculture production | 35,441 |  |  | 32,633 |
Leases | 1,763 |  |  | 1,283 |
Total loans, net of deferred loan fees and discounts | 4,801,405 |  |  | 4,307,366 |
Total principal balance of loans owed, net of charge-offs | 4,854,351 |  |  | 4,351,725 |
Unamortized net deferred loan fees | (22,500) |  |  | (8,927) |
Discounts to principal balance of loans owed, net of charge-offs | (30,446) |  |  | (35,432) |
Total loans, net of unamortized deferred loan fees and discounts | 4,801,405 |  |  | 4,307,366 |
Allowance for credit losses on loans | $ | (79,739) |  |  | $ | (30,616) |
During the three months ended June 30, 2020, the Company originated more than 2,900 loans under the Payment Protection Program (PPP), which as of quarter end had balances outstanding of $423,431,000, net of $13,300,000 in deferred loan costs, included within commercial and industrial. There were no PPP loans originated as of December 31, 2019. In connection with the origination of these loans, the Company generated approximately $15,680,000 in loan fees that will be amortized over the two-year term of the loans, offset by deferred loan costs of approximately $756,000. During the three and six months ended June 30, 2020, interest and fee income recognized from PPP loans totaled $2,356,000, which was inclusive of $1,626,000 in net deferred fee accretion.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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