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Loans | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
Loans | Loans A summary of loan balances follows:
(in thousands) | December 31, 2023 |  | December 31, 2022
Commercial real estate: |  |  |
CRE non-owner occupied | $ | 2,217,806 |  |  | $ | 2,149,725 |
CRE owner occupied | 956,440 |  |  | 984,807 |
Multifamily | 949,502 |  |  | 944,537 |
Farmland | 271,054 |  |  | 280,014 |
Total commercial real estate loans | 4,394,802 |  |  | 4,359,083 |
Consumer: |  |  |
SFR 1-4 1st DT liens | 883,438 |  |  | 790,349 |
SFR HELOCs and junior liens | 356,813 |  |  | 393,666 |
Other | 73,017 |  |  | 56,728 |
Total consumer loans | 1,313,268 |  |  | 1,240,743 |
Commercial and industrial | 586,455 |  |  | 569,921 |
Construction | 347,198 |  |  | 211,560 |
Agriculture production | 144,497 |  |  | 61,414 |
Leases | 8,250 |  |  | 7,726 |
Total loans, net of deferred loan fees and discounts | $ | 6,794,470 |  |  | $ | 6,450,447 |
Total principal balance of loans owed, net of charge-offs | $ | 6,834,935 |  |  | $ | 6,496,210 |
Unamortized net deferred loan fees | (15,826) |  |  | (15,275) |
Discounts to principal balance of loans owed, net of charge-offs | (24,639) |  |  | (30,488) |
Total loans, net of unamortized deferred loan fees and discounts | $ | 6,794,470 |  |  | $ | 6,450,447 |
Allowance for credit losses | $ | (121,522) |  |  | $ | (105,680) |
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, 2023 and 2022, the total gross balance outstanding of PPP loans, which are included in commercial and industrial loans above, was $1.1 million and $1.6 million, respectively. During the year ended December 31, 2023, the Company recognized an insignificant amount of fees on PPP loans, as compared with $2.1 million and $14.1 million for the years ended December 31, 2022 and 2021, 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 -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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