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Loans | 9 Months Ended
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Sep. 30, 2020
Receivables [Abstract] |
Loans | Loans A summary of loan balances follows:
(in thousands) | September 30, 2020 |  | December 31, 2019
Commercial real estate: |  |  |
CRE non-owner occupied | $ | 1,600,284 |  |  | $ | 1,609,556 |
CRE owner occupied | 581,090 |  |  | 546,434 |
Multifamily | 602,199 |  |  | 517,725 |
Farmland | 152,849 |  |  | 145,067 |
Total commercial real estate loans | 2,936,422 |  |  | 2,818,782 |
Consumer: |  |  |
SFR 1-4 1st DT liens | 511,759 |  |  | 509,508 |
SFR HELOCs and junior liens | 332,820 |  |  | 362,886 |
Other | 82,256 |  |  | 82,656 |
Total consumer loans | 926,835 |  |  | 955,050 |
Commercial and industrial | 633,897 |  |  | 249,791 |
Construction | 284,933 |  |  | 249,827 |
Agriculture production | 40,613 |  |  | 32,633 |
Leases | 3,638 |  |  | 1,283 |
Total loans, net of deferred loan fees and discounts | 4,826,338 |  |  | 4,307,366 |
Total principal balance of loans owed, net of charge-offs | 4,875,675 |  |  | 4,351,725 |
Unamortized net deferred loan fees | (20,767) |  |  | (8,927) |
Discounts to principal balance of loans owed, net of charge-offs | (28,570) |  |  | (35,432) |
Total loans, net of unamortized deferred loan fees and discounts | 4,826,338 |  |  | 4,307,366 |
Allowance for credit losses on loans | $ | (87,575) |  |  | $ | (30,616) |
As of the quarter ended September 30, 2020, the total balance outstanding of PPP loans, which are included in commercial and industrial loans, was $437,793,000 (approximately 2,900 loans) as compared to total PPP originations of $438,510,000. Included in the balance of outstanding PPP loans as of September 30, 2020 are approximately 1,420 loans with outstanding balances of less than $50,000 each and with a total balance outstanding of approximately $32,296,000. In connection with the origination of these loans, the Company earned approximately $15,735,000 in loan fees, offset by deferred loan costs of approximately $763,000, the net of which will be recognized over the earlier of loan maturity, repayment or receipt of forgiveness confirmation. As of September 30, 2020 there was approximately $11,846,000 in net deferred fee income expected to be recognized. During the three and nine months ended September 30, 2020, the Company recognized $2,603,000 and $4,959,000, respectively, in interest and fees on PPP loans.

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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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