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Loans | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Loans | Loans A summary of loan balances follows:
(in thousands) | December 31, 2022 |  | December 31, 2021
Commercial real estate: |  |  |
CRE non-owner occupied | $ | 2,149,725 |  |  | $ | 1,603,141 |
CRE owner occupied | 984,807 |  |  | 706,307 |
Multifamily | 944,537 |  |  | 823,500 |
Farmland | 280,014 |  |  | 173,106 |
Total commercial real estate loans | 4,359,083 |  |  | 3,306,054 |
Consumer: |  |  |
SFR 1-4 1st DT liens | 790,349 |  |  | 666,960 |
SFR HELOCs and junior liens | 393,666 |  |  | 337,513 |
Other | 56,728 |  |  | 67,078 |
Total consumer loans | 1,240,743 |  |  | 1,071,551 |
Commercial and industrial | 569,921 |  |  | 259,355 |
Construction | 211,560 |  |  | 222,281 |
Agriculture production | 61,414 |  |  | 50,811 |
Leases | 7,726 |  |  | 6,572 |
Total loans, net of deferred loan fees and discounts | $ | 6,450,447 |  |  | $ | 4,916,624 |
Total principal balance of loans owed, net of charge-offs | $ | 6,496,210 |  |  | $ | 4,946,653 |
Unamortized net deferred loan fees | (15,275) |  |  | (13,922) |
Discounts to principal balance of loans owed, net of charge-offs | (30,488) |  |  | (16,107) |
Total loans, net of unamortized deferred loan fees and discounts | $ | 6,450,447 |  |  | $ | 4,916,624 |
Allowance for credit losses | $ | (105,680) |  |  | $ | (85,376) |
In March 2020, the Small Business Administration ("SBA") Paycheck Protection Program ("PPP") was created to help small businesses keep workers employed during the COVID-19 crisis. As of December 31, 2022 and 2021, the total gross balance outstanding of PPP loans, which are included in commercial and industrial loans above, was $1,617,000 and $63,311,000, respectively, as compared to total PPP originations of $640,410,000. As of December 31, 2022, there was approximately $15,000 in net deferred fee income remaining to be recognized. During the year ended December 31, 2022, the Company recognized $2,149,000 in fees on PPP loans, as compared with $14,148,000 and $7,760,000 for the years ended December 31, 2021 and 2020, respectively. The SBA ended PPP and did not accept new borrowing applications, effective May 31, 2021.

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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 https://asc.fasb.org/subtopic&trid=2196772 + Details
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