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Loans | 3 Months Ended
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Mar. 31, 2021
Receivables [Abstract] |
Loans | Loans A summary of loan balances follows:
(in thousands) | March 31, 2021 |  | December 31, 2020
Commercial real estate: |  |  |
CRE non-owner occupied | $ | 1,554,927 |  |  | $ | 1,535,555 |
CRE owner occupied | 641,216 |  |  | 624,375 |
Multifamily | 764,884 |  |  | 639,480 |
Farmland | 147,597 |  |  | 152,492 |
Total commercial real estate loans | 3,108,624 |  |  | 2,951,902 |
Consumer: |  |  |
SFR 1-4 1st DT liens | 636,824 |  |  | 546,592 |
SFR HELOCs and junior liens | 331,333 |  |  | 327,484 |
Other | 73,056 |  |  | 78,032 |
Total consumer loans | 1,041,213 |  |  | 952,108 |
Commercial and industrial | 551,077 |  |  | 526,327 |
Construction | 221,613 |  |  | 284,842 |
Agriculture production | 39,753 |  |  | 44,164 |
Leases | 4,697 |  |  | 3,784 |
Total loans, net of deferred loan fees and discounts | $ | 4,966,977 |  |  | $ | 4,763,127 |
Total principal balance of loans owed, net of charge-offs | $ | 5,009,686 |  |  | $ | 4,805,596 |
Unamortized net deferred loan fees | (20,108) |  |  | (16,984) |
Discounts to principal balance of loans owed, net of charge-offs | (22,601) |  |  | (25,485) |
Total loans, net of unamortized deferred loan fees and discounts | $ | 4,966,977 |  |  | $ | 4,763,127 |
Allowance for credit losses on loans | $ | (85,941) |  |  | $ | (91,847) |
As of March 31, 2021 and December 31, 2021, the total balance outstanding of PPP loans, which are included in commercial and industrial loans, was $370,274,000 (approximately 2,484 loans) and $333,982,000 (approximately 2,300 loans), respectively, as compared to total PPP originations of $614,826,000. Included in the balance of outstanding PPP loans as of March 31, 2021 are approximately 1,303 loans with outstanding balances of less than $50,000 each and with a total balance outstanding of $26,895,000. In connection with the origination of the PPP loans, the Company earned $23,585,000 in loan fees, offset by deferred loan costs of $1,163,000, the net of which will be recognized over the earlier of loan maturity, repayment or receipt of forgiveness confirmation. As of March 31, 2021 and December 31, 2020, there was $9,430,000 and $7,212,000, respectively, in net deferred fee income remaining to be recognized. During the three months ended March 31, 2021 and 2020, the Company recognized $5,232,000 and zero, respectively, in 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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