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Loans Receivable and Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2021
Receivables [Abstract] |
Summary of Loans Receivable by Major Category | The following is a summary of loans receivable by major category:
| March 31, 2021 |  | December 31, 2020
Loan portfolio composition | (Dollars in thousands)
Real estate loans: |  |  |
Residential | $ | 52,671 |  |  | $ | 54,795 |
Commercial | 8,489,638 |  |  | 8,425,959 |
Construction | 269,114 |  |  | 291,380 |
Total real estate loans | 8,811,423 |  |  | 8,772,134 |
Commercial business 1 | 4,346,244 |  |  | 4,157,787 |
Residential mortgage | 501,000 |  |  | 582,232 |
Consumer and other | 43,962 |  |  | 51,060 |
Loans receivable | 13,702,629 |  |  | 13,563,213 |
Allowance for credit losses | (207,943) |  |  | (206,741) |
Loans receivable, net of allowance for credit losses | $ | 13,494,686 |  |  | $ | 13,356,472 |
__________________________________ 1 Commercial business loans as of March 31, 2021 and December 31, 2020 include $715.5 million and $452.7 million, respectively, in SBA Paycheck Protection Program Loans
Allowance for Credit Losses by Portfolio Segment | The tables below details the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2021 and 2020. Accrued interest receivables on loans totaled $55.9 million at March 31, 2021 and $54.6 million at December 31, 2020. The Company set aside an allowance on loan accrued interest receivables of $1.3 million at March 31, 2021 and $1.0 million at December 31, 2020.
| Real Estate |  | Commercial Business |  | Residential Mortgage |  | Consumer and Other |  | Total
| (Dollars in thousands)
Three Months Ended March 31, 2021 |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 162,196 |  |  | $ | 39,155 |  |  | $ | 4,227 |  |  | $ | 1,163 |  |  | $ | 206,741 |
Provision (credit) for credit losses | 2,345 |  |  | 2,625 |  |  | (1,492) |  |  | (178) |  |  | 3,300 |
Loans charged off | (2,818) |  |  | (610) |  |  | — |  |  | (93) |  |  | (3,521) |
Recoveries of charge offs | 584 |  |  | 690 |  |  | — |  |  | 149 |  |  | 1,423 |
Balance, end of period | $ | 162,307 |  |  | $ | 41,860 |  |  | $ | 2,735 |  |  | $ | 1,041 |  |  | $ | 207,943 |
| Real Estate |  | Commercial Business |  | Residential Mortgage |  | Consumer and Other |  | Total
| (Dollars in thousands)
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 53,593 |  |  | $ | 33,032 |  |  | $ | 5,925 |  |  | $ | 1,594 |  |  | $ | 94,144 |
CECL day 1 adoption | 27,791 |  |  | (1,022) |  |  | (543) |  |  | (26) |  |  | 26,200 |
Provision for credit losses | 15,491 |  |  | 11,549 |  |  | 397 |  |  | 563 |  |  | 28,000 |
Loans charged off | (2,397) |  |  | (3,035) |  |  | — |  |  | (525) |  |  | (5,957) |
Recoveries of charge offs | 167 |  |  | 2,359 |  |  | — |  |  | 10 |  |  | 2,536 |
Balance, end of period | $ | 94,645 |  |  | $ | 42,883 |  |  | $ | 5,779 |  |  | $ | 1,616 |  |  | $ | 144,923 |
The following tables break out the allowance for credit losses and loan balance by measurement methodology at March 31, 2021 and December 31, 2020:
| March 31, 2021
| Real Estate |  | Commercial Business |  | Residential Mortgage |  | Consumer and Other |  | Total
| (Dollars in thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 16,641 |  |  | $ | 3,969 |  |  | $ | 16 |  |  | $ | 15 |  |  | $ | 20,641 |
Collectively evaluated | 145,666 |  |  | 37,891 |  |  | 2,719 |  |  | 1,026 |  |  | 187,302 |
Total | $ | 162,307 |  |  | $ | 41,860 |  |  | $ | 2,735 |  |  | $ | 1,041 |  |  | $ | 207,943 |
Loans outstanding: |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 125,326 |  |  | $ | 22,620 |  |  | $ | 3,379 |  |  | $ | 628 |  |  | $ | 151,953 |
Collectively evaluated | 8,686,097 |  |  | 4,323,624 |  |  | 497,621 |  |  | 43,334 |  |  | 13,550,676 |
Total | $ | 8,811,423 |  |  | $ | 4,346,244 |  |  | $ | 501,000 |  |  | $ | 43,962 |  |  | $ | 13,702,629 |
| December 31, 2020
| Real Estate |  | Commercial Business |  | Residential Mortgage |  | Consumer and Other |  |  |  |  |  |  |  |  |  | Total
| (Dollars in thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 3,683 |  |  | $ | 3,575 |  |  | $ | 25 |  |  | $ | 42 |  |  |  |  |  |  |  |  |  |  | $ | 7,325 |
Collectively evaluated | 158,513 |  |  | 35,580 |  |  | 4,202 |  |  | 1,121 |  |  |  |  |  |  |  |  |  |  | 199,416 |
Total | $ | 162,196 |  |  | $ | 39,155 |  |  | $ | 4,227 |  |  | $ | 1,163 |  |  |  |  |  |  |  |  |  |  | $ | 206,741 |
Loans outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 93,476 |  |  | $ | 25,706 |  |  | $ | 3,416 |  |  | $ | 605 |  |  |  |  |  |  |  |  |  |  | $ | 123,203 |
Collectively evaluated | 8,678,658 |  |  | 4,132,081 |  |  | 578,816 |  |  | 50,455 |  |  |  |  |  |  |  |  |  |  | 13,440,010 |
Total | $ | 8,772,134 |  |  | $ | 4,157,787 |  |  | $ | 582,232 |  |  | $ | 51,060 |  |  |  |  |  |  |  |  |  |  | $ | 13,563,213 |
The following tables present a breakdown of loans by recorded ACL, broken out by loans evaluated individually and collectively at March 31, 2021 and December 31, 2020:
| As of March 31, 2021
| Real Estate – Residential |  | Real Estate – Commercial |  | Real Estate – Construction |  | Commercial Business |  | Residential Mortgage |  | Consumer and Other |  | Total
| (Dollars in thousands)
Individually evaluated loans | $ | — |  |  | $ | 107,205 |  |  | $ | 18,121 |  |  | $ | 22,620 |  |  | $ | 3,379 |  |  | $ | 628 |  |  | $ | 151,953 |
ACL on individually evaluated loans | $ | — |  |  | $ | 16,641 |  |  | $ | — |  |  | $ | 3,969 |  |  | $ | 16 |  |  | $ | 15 |  |  | $ | 20,641 |
Individually evaluated loans ACL coverage | N/A |  | 15.52 | % |  | N/A |  | 17.55 | % |  | 0.47 | % |  | 2.39 | % |  | 13.58 | %
Collectively evaluated loans | $ | 52,671 |  |  | $ | 8,382,433 |  |  | $ | 250,993 |  |  | $ | 4,323,624 |  |  | $ | 497,621 |  |  | $ | 43,334 |  |  | $ | 13,550,676 |
ACL on collectively evaluated loans | $ | 267 |  |  | $ | 143,735 |  |  | $ | 1,664 |  |  | $ | 37,891 |  |  | $ | 2,719 |  |  | $ | 1,026 |  |  | $ | 187,302 |
Collectively evaluated loans ACL coverage | 0.51 | % |  | 1.71 | % |  | 0.66 | % |  | 0.88 | % |  | 0.55 | % |  | 2.37 | % |  | 1.38 | %
Total loans | $ | 52,671 |  |  | $ | 8,489,638 |  |  | $ | 269,114 |  |  | $ | 4,346,244 |  |  | $ | 501,000 |  |  | $ | 43,962 |  |  | $ | 13,702,629 |
Total ACL | $ | 267 |  |  | $ | 160,376 |  |  | $ | 1,664 |  |  | $ | 41,860 |  |  | $ | 2,735 |  |  | $ | 1,041 |  |  | $ | 207,943 |
Total ACL to total loans | 0.51 | % |  | 1.89 | % |  | 0.62 | % |  | 0.96 | % |  | 0.55 | % |  | 2.37 | % |  | 1.52 | %
| As of December 31, 2020
| Real Estate – Residential |  | Real Estate – Commercial |  | Real Estate – Construction |  | Commercial Business |  | Residential Mortgage |  | Consumer and Other |  | Total
| (Dollars in thousands)
Individually evaluated loans | $ | — |  |  | $ | 74,753 |  |  | $ | 18,723 |  |  | $ | 25,706 |  |  | $ | 3,416 |  |  | $ | 605 |  |  | $ | 123,203 |
ACL on individually evaluated loans | $ | — |  |  | $ | 2,862 |  |  | $ | 821 |  |  | $ | 3,575 |  |  | $ | 25 |  |  | $ | 42 |  |  | $ | 7,325 |
Individually evaluated loans ACL coverage | N/A |  | 3.83 | % |  | 4.38 | % |  | 13.91 | % |  | 0.73 | % |  | 6.94 | % |  | 5.95 | %
Collectively evaluated loans | $ | 54,795 |  |  | $ | 8,351,206 |  |  | $ | 272,657 |  |  | $ | 4,132,081 |  |  | $ | 578,816 |  |  | $ | 50,455 |  |  | $ | 13,440,010 |
ACL on collectively evaluated loans | $ | 391 |  |  | $ | 156,665 |  |  | $ | 1,457 |  |  | $ | 35,580 |  |  | $ | 4,202 |  |  | $ | 1,121 |  |  | $ | 199,416 |
Collectively evaluated loans ACL coverage | 0.71 | % |  | 1.88 | % |  | 0.53 | % |  | 0.86 | % |  | 0.73 | % |  | 2.22 | % |  | 1.48 | %
Total loans | $ | 54,795 |  |  | $ | 8,425,959 |  |  | $ | 291,380 |  |  | $ | 4,157,787 |  |  | $ | 582,232 |  |  | $ | 51,060 |  |  | $ | 13,563,213 |
Total ACL | $ | 391 |  |  | $ | 159,527 |  |  | $ | 2,278 |  |  | $ | 39,155 |  |  | $ | 4,227 |  |  | $ | 1,163 |  |  | $ | 206,741 |
Total ACL to total loans | 0.71 | % |  | 1.89 | % |  | 0.78 | % |  | 0.94 | % |  | 0.73 | % |  | 2.28 | % |  | 1.52 | %
Schedule of Nonaccrual Loans and Loans Past Due 90 or More Days And Still on Accrual Status | The tables below represent the recorded investment of nonaccrual loans and loans past due 90 or more days and still on accrual status by class of loans and broken out by loans with a recorded ACL and those without a recorded ACL as of March 31, 2021 and December 31, 2020.
|  | March 31, 2021
|  | Nonaccrual with No ACL |  | Nonaccrual with an ACL |  | Total Nonaccrual (1) |  | Accruing Loans Past Due 90 or More Days
|  | (Dollars in thousands)
Real estate – residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate – commercial |  |  |  |  |  |  |  |
Retail |  | 10,153 |  |  | 26,751 |  |  | 36,904 |  |  | — |
Hotel & motel |  | 14,541 |  |  | 4,772 |  |  | 19,313 |  |  | — |
Gas station & car wash |  | 575 |  |  | 984 |  |  | 1,559 |  |  | — |
Mixed use |  | — |  |  | 976 |  |  | 976 |  |  | — |
Industrial & warehouse |  | 5,446 |  |  | 923 |  |  | 6,369 |  |  | 304 |
Other |  | 6,220 |  |  | 2,479 |  |  | 8,699 |  |  | — |
Real estate – construction |  | 18,120 |  |  | — |  |  | 18,120 |  |  | — |
Commercial business |  | 7,669 |  |  | 6,411 |  |  | 14,080 |  |  | — |
Residential mortgage |  | 1,992 |  |  | 1,387 |  |  | 3,379 |  |  | — |
Consumer and other |  | — |  |  | 459 |  |  | 459 |  |  | 80 |
Total |  | $ | 64,716 |  |  | $ | 45,142 |  |  | $ | 109,858 |  |  | $ | 384 |
|  | December 31, 2020
|  | Nonaccrual with No ACL |  | Nonaccrual with an ACL |  | Total Nonaccrual (1) |  | Accruing Loans Past Due 90 or More Days
|  | (Dollars in thousands)
Real estate – residential |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate – commercial |  |  |  |  |  |  |  |
Retail |  | 3,262 |  |  | 8,530 |  |  | 11,792 |  |  | 478 |
Hotel & motel |  | 15,311 |  |  | 2,195 |  |  | 17,506 |  |  | — |
Gas station & car wash |  | 151 |  |  | 1,493 |  |  | 1,644 |  |  | — |
Mixed use |  | 1,883 |  |  | 788 |  |  | 2,671 |  |  | — |
Industrial & warehouse |  | 5,443 |  |  | 1,022 |  |  | 6,465 |  |  | — |
Other |  | 7,230 |  |  | 1,419 |  |  | 8,649 |  |  | — |
Real estate – construction |  | — |  |  | 18,723 |  |  | 18,723 |  |  | — |
Commercial business |  | 5,319 |  |  | 8,592 |  |  | 13,911 |  |  | — |
Residential mortgage |  | 1,440 |  |  | 1,976 |  |  | 3,416 |  |  | — |
Consumer and other |  | — |  |  | 461 |  |  | 461 |  |  | 136 |
Total |  | $ | 40,039 |  |  | $ | 45,199 |  |  | $ | 85,238 |  |  | $ | 614 |
__________________________________ (1) Total nonaccrual loans exclude the guaranteed portion of SBA loans that are in liquidation totaling $25.0 million and $26.5 million, at March 31, 2021 and December 31, 2020, respectively.
Amortized Cost Basis of Collateral-Dependent Loans | The following table presents the amortized cost basis of collateral-dependent loans as of March 31, 2021 and December 31, 2020:
|  | March 31, 2021
|  | Real Estate Collateral |  | Other Collateral |  | Total
|  | (Dollars in thousands)
Real Estate - Residential |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate - Commercial |  | 91,562 |  |  | — |  |  | 91,562 |
Real Estate - Construction |  | 18,120 |  |  | — |  |  | 18,120 |
Commercial Business |  | 10,151 |  |  | 3,698 |  |  | 13,849 |
Residential Mortgage |  | 1,992 |  |  | — |  |  | 1,992 |
Consumer and Other |  | 18 |  |  | — |  |  | 18 |
Total |  | $ | 121,843 |  |  | $ | 3,698 |  |  | $ | 125,541 |
|  | December 31, 2020
|  | Real Estate Collateral |  | Other Collateral |  | Total
|  | (Dollars in thousands)
Real Estate - Residential |  | $ | — |  |  | $ | — |  |  | $ | — |
Real Estate - Commercial |  | 55,945 |  |  | — |  |  | 55,945 |
Real Estate - Construction |  | 8,122 |  |  | — |  |  | 8,122 |
Commercial Business |  | 7,818 |  |  | 6,312 |  |  | 14,130 |
Residential Mortgage |  | 1,440 |  |  | — |  |  | 1,440 |
Consumer and Other |  | 15 |  |  | — |  |  | 15 |
Total |  | $ | 73,340 |  |  | $ | 6,312 |  |  | $ | 79,652 |
Aging of Past Due Loans | The following table presents the recorded investment of past due loans, including nonaccrual loans past due 30 or more days, by the number of days past due as of March 31, 2021 and December 31, 2020 by class of loans:
| As of March 31, 2021 |  | As of December 31, 2020
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total Past Due |  | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total Past Due
| (Dollars in thousands)
Real estate – residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate – commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail | 7,509 |  |  | — |  |  | 4,107 |  |  | 11,616 |  |  | 852 |  |  | 8,141 |  |  | 10,276 |  |  | 19,269 |
Hotel & motel | 1,039 |  |  | — |  |  | 17,809 |  |  | 18,848 |  |  | 62 |  |  | 1,401 |  |  | 14,744 |  |  | 16,207 |
Gas station & car wash | 108 |  |  | 85 |  |  | 412 |  |  | 605 |  |  | 619 |  |  | 2,668 |  |  | 563 |  |  | 3,850 |
Mixed use | 180 |  |  | 6,355 |  |  | 357 |  |  | 6,892 |  |  | 116 |  |  | — |  |  | 1,269 |  |  | 1,385 |
Industrial & warehouse | 1,493 |  |  | — |  |  | 4,784 |  |  | 6,277 |  |  | 137 |  |  | — |  |  | 3,830 |  |  | 3,967 |
Other | 975 |  |  | 1,800 |  |  | 3,183 |  |  | 5,958 |  |  | 2,738 |  |  | 545 |  |  | 3,000 |  |  | 6,283 |
Real estate – construction | — |  |  | — |  |  | 7,519 |  |  | 7,519 |  |  | 8,122 |  |  | — |  |  | — |  |  | 8,122 |
Commercial business | 1,704 |  |  | 275 |  |  | 4,479 |  |  | 6,458 |  |  | 816 |  |  | 3,683 |  |  | 4,700 |  |  | 9,199 |
Residential mortgage | 7,216 |  |  | — |  |  | 2,254 |  |  | 9,470 |  |  | 4,841 |  |  | — |  |  | 2,263 |  |  | 7,104 |
Consumer and other | 219 |  |  | 16 |  |  | 539 |  |  | 774 |  |  | 797 |  |  | 21 |  |  | 595 |  |  | 1,413 |
Total Past Due | $ | 20,443 |  |  | $ | 8,531 |  |  | $ | 45,443 |  |  | $ | 74,417 |  |  | $ | 19,100 |  |  | $ | 16,459 |  |  | $ | 41,240 |  |  | $ | 76,799 |
Financing Receivable Credit Quality Indicators | The following table presents the amortized cost basis of loans receivable by class, credit quality indicator, and year of origination as of March 31, 2021 and December 31, 2020.
|  | As of March 31, 2021
|  | Term Loan by Origination Year |  | Revolving Loans |  | Total
|  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |
|  | (Dollars in thousands)
Real Estate - Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 1,517 |  |  | $ | 15,081 |  |  | $ | 13,836 |  |  | $ | 6,856 |  |  | $ | 4,105 |  |  | $ | 10,174 |  |  | $ | 662 |  |  | $ | 52,231 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 228 |  |  | 228 |
Substandard |  | — |  |  | — |  |  | — |  |  | 137 |  |  | — |  |  | 75 |  |  | — |  |  | 212 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 1,517 |  |  | $ | 15,081 |  |  | $ | 13,836 |  |  | $ | 6,993 |  |  | $ | 4,105 |  |  | $ | 10,249 |  |  | $ | 890 |  |  | $ | 52,671 |
Real Estate - Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 410,873 |  |  | $ | 1,514,537 |  |  | $ | 1,474,205 |  |  | $ | 1,436,369 |  |  | $ | 1,150,644 |  |  | $ | 1,845,078 |  |  | $ | 113,414 |  |  | $ | 7,945,120 |
Special mention |  | 522 |  |  | — |  |  | 44,398 |  |  | 64,049 |  |  | 28,313 |  |  | 86,162 |  |  | 8,855 |  |  | 232,299 |
Substandard |  | 3,616 |  |  | 578 |  |  | 15,670 |  |  | 29,410 |  |  | 59,449 |  |  | 200,298 |  |  | 3,198 |  |  | 312,219 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 415,011 |  |  | $ | 1,515,115 |  |  | $ | 1,534,273 |  |  | $ | 1,529,828 |  |  | $ | 1,238,406 |  |  | $ | 2,131,538 |  |  | $ | 125,467 |  |  | $ | 8,489,638 |
Real Estate - Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 5,190 |  |  | $ | 42,418 |  |  | $ | 41,964 |  |  | $ | 85,511 |  |  | $ | 44,932 |  |  | $ | 26,884 |  |  | $ | — |  |  | $ | 246,899 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,095 |  |  | — |  |  | — |  |  | 4,095 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,601 |  |  | 7,519 |  |  | — |  |  | 18,120 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 5,190 |  |  | $ | 42,418 |  |  | $ | 41,964 |  |  | $ | 85,511 |  |  | $ | 59,628 |  |  | $ | 34,403 |  |  | $ | — |  |  | $ | 269,114 |
Commercial Business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 535,629 |  |  | $ | 1,109,519 |  |  | $ | 563,787 |  |  | $ | 230,107 |  |  | $ | 107,590 |  |  | $ | 107,798 |  |  | $ | 1,603,017 |  |  | $ | 4,257,447 |
Special mention |  | 5,136 |  |  | 1,337 |  |  | 3,977 |  |  | 13,448 |  |  | 5,942 |  |  | 11,226 |  |  | 3,196 |  |  | 44,262 |
Substandard |  | 283 |  |  | 9,419 |  |  | 1,516 |  |  | 2,878 |  |  | 10,576 |  |  | 9,811 |  |  | 10,052 |  |  | 44,535 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 541,048 |  |  | $ | 1,120,275 |  |  | $ | 569,280 |  |  | $ | 246,433 |  |  | $ | 124,108 |  |  | $ | 128,835 |  |  | $ | 1,616,265 |  |  | $ | 4,346,244 |
Residential Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 5 |  |  | $ | 5,635 |  |  | $ | 70,489 |  |  | $ | 197,903 |  |  | $ | 145,923 |  |  | $ | 77,666 |  |  | $ | — |  |  | $ | 497,621 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | 122 |  |  | 512 |  |  | 552 |  |  | 2,193 |  |  | — |  |  | 3,379 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 5 |  |  | $ | 5,635 |  |  | $ | 70,611 |  |  | $ | 198,415 |  |  | $ | 146,475 |  |  | $ | 79,859 |  |  | $ | — |  |  | $ | 501,000 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 1,597 |  |  | $ | 6,340 |  |  | $ | 2,392 |  |  | $ | 1,873 |  |  | $ | 2,118 |  |  | $ | 7,187 |  |  | $ | 21,782 |  |  | $ | 43,289 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 90 |  |  | — |  |  | — |  |  | 90 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 583 |  |  | — |  |  | 583 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 1,597 |  |  | $ | 6,340 |  |  | $ | 2,392 |  |  | $ | 1,873 |  |  | $ | 2,208 |  |  | $ | 7,770 |  |  | $ | 21,782 |  |  | $ | 43,962 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 954,811 |  |  | $ | 2,693,530 |  |  | $ | 2,166,673 |  |  | $ | 1,958,619 |  |  | $ | 1,455,312 |  |  | $ | 2,074,787 |  |  | $ | 1,738,875 |  |  | $ | 13,042,607 |
Special mention |  | 5,658 |  |  | 1,337 |  |  | 48,375 |  |  | 77,497 |  |  | 38,440 |  |  | 97,388 |  |  | 12,279 |  |  | 280,974 |
Substandard |  | 3,899 |  |  | 9,997 |  |  | 17,308 |  |  | 32,937 |  |  | 81,178 |  |  | 220,479 |  |  | 13,250 |  |  | 379,048 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 964,368 |  |  | $ | 2,704,864 |  |  | $ | 2,232,356 |  |  | $ | 2,069,053 |  |  | $ | 1,574,930 |  |  | $ | 2,392,654 |  |  | $ | 1,764,404 |  |  | $ | 13,702,629 |
|  | December 31, 2020
|  | Term Loan by Origination Year |  | Revolving Loans |  | Total
|  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |
|  | (Dollars in thousands)
Real Estate - Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 15,158 |  |  | $ | 13,924 |  |  | $ | 7,587 |  |  | $ | 4,316 |  |  | $ | 6,800 |  |  | $ | 3,460 |  |  | $ | 3,104 |  |  | $ | 54,349 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 227 |  |  | 227 |
Substandard |  | — |  |  | — |  |  | 139 |  |  | — |  |  | — |  |  | 80 |  |  | — |  |  | 219 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 15,158 |  |  | $ | 13,924 |  |  | $ | 7,726 |  |  | $ | 4,316 |  |  | $ | 6,800 |  |  | $ | 3,540 |  |  | $ | 3,331 |  |  | $ | 54,795 |
Real Estate - Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 1,548,595 |  |  | $ | 1,554,980 |  |  | $ | 1,533,802 |  |  | $ | 1,240,973 |  |  | $ | 767,318 |  |  | $ | 1,262,125 |  |  | $ | 130,595 |  |  | $ | 8,038,388 |
Special mention |  | — |  |  | 2,805 |  |  | 24,569 |  |  | 10,694 |  |  | 8,031 |  |  | 32,048 |  |  | 1,600 |  |  | 79,747 |
Substandard |  | 126 |  |  | 14,233 |  |  | 28,938 |  |  | 37,174 |  |  | 50,371 |  |  | 173,788 |  |  | 3,194 |  |  | 307,824 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 1,548,721 |  |  | $ | 1,572,018 |  |  | $ | 1,587,309 |  |  | $ | 1,288,841 |  |  | $ | 825,720 |  |  | $ | 1,467,961 |  |  | $ | 135,389 |  |  | $ | 8,425,959 |
Real Estate - Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 35,743 |  |  | $ | 45,290 |  |  | $ | 103,794 |  |  | $ | 60,996 |  |  | $ | 5,740 |  |  | $ | 10,099 |  |  | $ | — |  |  | $ | 261,662 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,771 |  |  | 5,224 |  |  | — |  |  | 10,995 |
Substandard |  | — |  |  | — |  |  | — |  |  | 10,601 |  |  | — |  |  | 8,122 |  |  | — |  |  | 18,723 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 35,743 |  |  | $ | 45,290 |  |  | $ | 103,794 |  |  | $ | 71,597 |  |  | $ | 11,511 |  |  | $ | 23,445 |  |  | $ | — |  |  | $ | 291,380 |
Commercial Business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 1,294,368 |  |  | $ | 584,453 |  |  | $ | 224,447 |  |  | $ | 117,708 |  |  | $ | 77,209 |  |  | $ | 43,674 |  |  | $ | 1,686,428 |  |  | $ | 4,028,287 |
Special mention |  | 5,996 |  |  | 27,693 |  |  | 30,852 |  |  | 14,629 |  |  | 6,388 |  |  | 3,139 |  |  | 5,172 |  |  | 93,869 |
Substandard |  | 2,430 |  |  | 1,323 |  |  | 5,539 |  |  | 4,394 |  |  | 6,158 |  |  | 5,463 |  |  | 10,323 |  |  | 35,630 |
Doubtful/Loss |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Subtotal |  | $ | 1,302,794 |  |  | $ | 613,469 |  |  | $ | 260,839 |  |  | $ | 136,731 |  |  | $ | 89,755 |  |  | $ | 52,276 |  |  | $ | 1,701,923 |  |  | $ | 4,157,787 |
Residential Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 5,733 |  |  | $ | 90,958 |  |  | $ | 217,343 |  |  | $ | 168,827 |  |  | $ | 55,246 |  |  | $ | 40,554 |  |  | $ | — |  |  | $ | 578,661 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | 122 |  |  | 536 |  |  | 561 |  |  | 1,715 |  |  | 637 |  |  | — |  |  | 3,571 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 5,733 |  |  | $ | 91,080 |  |  | $ | 217,879 |  |  | $ | 169,388 |  |  | $ | 56,961 |  |  | $ | 41,191 |  |  | $ | — |  |  | $ | 582,232 |
Consumer and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 8,309 |  |  | $ | 2,463 |  |  | $ | 1,818 |  |  | $ | 2,321 |  |  | $ | 4,756 |  |  | $ | 2,811 |  |  | $ | 27,890 |  |  | $ | 50,368 |
Special mention |  | — |  |  | — |  |  | — |  |  | 103 |  |  | — |  |  | — |  |  | — |  |  | 103 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | 55 |  |  | 532 |  |  | 2 |  |  | 589 |
Doubtful/Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | $ | 8,309 |  |  | $ | 2,463 |  |  | $ | 1,818 |  |  | $ | 2,424 |  |  | $ | 4,811 |  |  | $ | 3,343 |  |  | $ | 27,892 |  |  | $ | 51,060 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass/Not Rated |  | $ | 2,907,906 |  |  | $ | 2,292,068 |  |  | $ | 2,088,791 |  |  | $ | 1,595,141 |  |  | $ | 917,069 |  |  | $ | 1,362,723 |  |  | $ | 1,848,017 |  |  | $ | 13,011,715 |
Special mention |  | 5,996 |  |  | 30,498 |  |  | 55,421 |  |  | 25,426 |  |  | 20,190 |  |  | 40,411 |  |  | 6,999 |  |  | 184,941 |
Substandard |  | 2,556 |  |  | 15,678 |  |  | 35,152 |  |  | 52,730 |  |  | 58,299 |  |  | 188,622 |  |  | 13,519 |  |  | 366,556 |
Doubtful/Loss |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Total |  | $ | 2,916,458 |  |  | $ | 2,338,244 |  |  | $ | 2,179,365 |  |  | $ | 1,673,297 |  |  | $ | 995,558 |  |  | $ | 1,591,756 |  |  | $ | 1,868,535 |  |  | $ | 13,563,213 |
For the three months ended March 31, 2021 and the twelve months ended December 31, 2020, there were no revolving loans converted to term loans.
Loans Sold From Loans Held For Investment | The breakdown of loans by type that were reclassified from held for investment to held for sale for the three months ended March 31, 2021 and 2020 is presented in the following table:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Transfer of loans held for investment to held for sale |  |  |  | (Dollars in thousands)
Residential mortgage |  |  |  |  | $ | — |  |  | $ | 1,002 |
Troubled Debt Restructurings | A summary of the recorded investment of TDR loans on accrual and nonaccrual status by type of concession as of March 31, 2021 and December 31, 2020 is presented below:
| As of March 31, 2021
| TDR Loans on Accrual Status |  | TDR Loans on Nonaccrual Status |  | Total TDRs
| Real Estate |  | Commercial Business |  | Residential Mortgage |  | Other |  | Real Estate |  | Commercial Business |  | Residential Mortgage |  | Other |  |  |
| (Dollars in thousands)
Payment concession | $ | 17,419 |  |  | $ | 809 |  |  | $ | — |  |  | $ | 55 |  |  | $ | 7,459 |  |  | $ | 576 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 26,318 |
Maturity / amortization concession | 9,699 |  |  | 7,351 |  |  | — |  |  | 114 |  |  | 23,839 |  |  | 4,099 |  |  | — |  |  | 117 |  |  |  |  | 45,219 |
Rate concession | 5,949 |  |  | 377 |  |  | — |  |  | — |  |  | 410 |  |  | 1,426 |  |  | — |  |  | — |  |  |  |  | 8,162 |
Total | $ | 33,067 |  |  | $ | 8,537 |  |  | $ | — |  |  | $ | 169 |  |  | $ | 31,708 |  |  | $ | 6,101 |  |  | $ | — |  |  | $ | 117 |  |  |  |  | $ | 79,699 |
| As of December 31, 2020
| TDR Loans on Accrual Status |  | TDR Loans on Nonaccrual Status |  | Total TDRs
| Real Estate |  | Commercial Business |  | Residential Mortgage |  | Other |  | Real Estate |  | Commercial Business |  | Residential Mortgage |  | Other |
| (Dollars in thousands)
Payment concession | $ | 8,328 |  |  | $ | 814 |  |  | $ | — |  |  | $ | 58 |  |  | $ | 7,074 |  |  | $ | 471 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,745 |
Maturity / amortization concession | 11,331 |  |  | 10,219 |  |  | — |  |  | 114 |  |  | 925 |  |  | 3,814 |  |  | — |  |  | 117 |  |  | 26,520 |
Rate concession | 6,112 |  |  | 378 |  |  | — |  |  | — |  |  | 424 |  |  | 1,430 |  |  | — |  |  | — |  |  | 8,344 |
Total | $ | 25,771 |  |  | $ | 11,411 |  |  | $ | — |  |  | $ | 172 |  |  | $ | 8,423 |  |  | $ | 5,715 |  |  | $ | — |  |  | $ | 117 |  |  | $ | 51,609 |
The following tables present the recorded investment of loans classified as TDR during the three months ended March 31, 2021 and 2020 by class of loans:
| Three Months Ended March 31, 2021 |  | Three Months Ended March 31, 2020
| Number of Loans |  |  |  | Balance |  | Number of Loans |  |  |  | Balance
| (Dollars in thousands)
Real estate – residential | — |  |  |  |  | $ | — |  |  | — |  |  |  |  | $ | — |
Real estate – commercial |  |  |  |  |  |  |  |  |  |  |
Retail | 3 |  |  |  |  | 24,658 |  |  | — |  |  |  |  | — |
Hotel & motel | — |  |  |  |  | — |  |  | — |  |  |  |  | — |
Gas station & car wash | 1 |  |  |  |  | 575 |  |  | 1 |  |  |  |  | 54 |
Mixed use | — |  |  |  |  | — |  |  | — |  |  |  |  | — |
Industrial & warehouse | 2 |  |  |  |  | 9,150 |  |  | 1 |  |  |  |  | 261 |
Other | — |  |  |  |  | — |  |  | 1 |  |  |  |  | 788 |
Real estate – construction | — |  |  |  |  | — |  |  | — |  |  |  |  | — |
Commercial business | 1 |  |  |  |  | 22 |  |  | 1 |  |  |  |  | 294 |
Residential mortgage | — |  |  |  |  | — |  |  | — |  |  |  |  | — |
Consumer and other | 4 |  |  |  |  | 44 |  |  | 1 |  |  |  |  | 18 |
Total | 11 |  |  |  |  | $ | 34,449 |  |  | 5 |  |  |  |  | $ | 1,415 |
Summary of Troubled Debt Restructurings with Subsequent Payment Default | he following tables present loans modified as TDRs within the previous twelve months ended March 31, 2021 and 2020 that subsequently had payment defaults during the three months ended March 31, 2021 and 2020:
| Three Months Ended March 31, 2021 |  | Three Months Ended March 31, 2020
| Number of Loans |  | Balance |  | Number of Loans |  | Balance
| (Dollars in thousands)
Real estate – residential | — |  |  | $ | — |  |  | — |  |  | $ | — |
Real estate – commercial |  |  |  |  |  |  |
Retail | 1 |  |  | 23,522 |  |  | — |  |  | — |
Hotel & motel | — |  |  | — |  |  | — |  |  | — |
Gas station & car wash | — |  |  | — |  |  | — |  |  | — |
Mixed Use | — |  |  | — |  |  | — |  |  | — |
Industrial & warehouse | — |  |  | — |  |  | — |  |  | — |
Other | — |  |  | — |  |  | 2 |  |  | 293 |
Real estate – construction | — |  |  | — |  |  | — |  |  | — |
Commercial business | 2 |  |  | 671 |  |  | 2 |  |  | 292 |
Residential mortgage | — |  |  | — |  |  | — |  |  | — |
Consumer and other | 2 |  |  | 6 |  |  | 3 |  |  | 10 |
Total | 5 |  |  | $ | 24,199 |  |  | 7 |  |  | $ | 595 |

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