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Loans Receivable and Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2023
Receivables [Abstract] |
Summary of Loans Receivable by Major Category | The following is a summary of loans receivable by segment:
| June 30, 2023 |  | December 31, 2022
| (Dollars in thousands)
Loan portfolio composition |  |  |
Commercial real estate (“CRE”) loans | $ | 9,192,160 |  |  | $ | 9,414,580 |
Commercial and industrial (“C&I”) loans | 4,805,126 |  |  | 5,109,532 |
Residential mortgage loans | 834,377 |  |  | 846,080 |
Consumer and other loans | 33,147 |  |  | 33,348 |
Total loans receivable, net of deferred costs and fees | 14,864,810 |  |  | 15,403,540 |
Allowance for credit losses | (172,996) |  |  | (162,359) |
Loans receivable, net of allowance for credit losses | $ | 14,691,814 |  |  | $ | 15,241,181 |
Allowance for Credit Losses by Portfolio Segment | The tables below detail the activity in the allowance for credit losses (“ACL”) by portfolio segment for the three and six months ended June 30, 2023 and 2022.
| CRE Loans |  | C&I Loans |  | Residential Mortgage Loans |  | Consumer and Other Loans |  | Total
| (Dollars in thousands)
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 108,835 |  |  | $ | 42,790 |  |  | $ | 11,253 |  |  | $ | 666 |  |  | $ | 163,544 |
Provision (credit) for credit losses | (3,076) |  |  | 11,013 |  |  | 730 |  |  | 233 |  |  | 8,900 |
Loans charged off | (561) |  |  | (298) |  |  | — |  |  | (120) |  |  | (979) |
Recoveries of charge offs | 123 |  |  | 1,389 |  |  | — |  |  | 19 |  |  | 1,531 |
Balance, end of period | $ | 105,321 |  |  | $ | 54,894 |  |  | $ | 11,983 |  |  | $ | 798 |  |  | $ | 172,996 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 95,884 |  |  | $ | 56,872 |  |  | $ | 8,920 |  |  | $ | 683 |  |  | $ | 162,359 |
ASU 2022-02 day 1 adoption adjustment | 19 |  |  | (426) |  |  | — |  |  | — |  |  | (407) |
Provision (credit) for credit losses | 9,787 |  |  | (2,487) |  |  | 3,063 |  |  | 237 |  |  | 10,600 |
Loans charged off | (561) |  |  | (738) |  |  | — |  |  | (175) |  |  | (1,474) |
Recoveries of charge offs | 192 |  |  | 1,673 |  |  | — |  |  | 53 |  |  | 1,918 |
Balance, end of period | $ | 105,321 |  |  | $ | 54,894 |  |  | $ | 11,983 |  |  | $ | 798 |  |  | $ | 172,996 |
| CRE Loans |  | C&I Loans |  | Residential Mortgage Loans |  | Consumer and Other Loans |  | Total
| (Dollars in thousands)
Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 106,545 |  |  | $ | 35,676 |  |  | $ | 4,262 |  |  | $ | 967 |  |  | $ | 147,450 |
Provision (credit) for credit losses | (7,229) |  |  | 8,715 |  |  | 1,817 |  |  | (103) |  |  | 3,200 |
Loans charged off | (476) |  |  | (172) |  |  | — |  |  | (64) |  |  | (712) |
Recoveries of charge offs | 984 |  |  | 633 |  |  | — |  |  | 25 |  |  | 1,642 |
Balance, end of period | $ | 99,824 |  |  | $ | 44,852 |  |  | $ | 6,079 |  |  | $ | 825 |  |  | $ | 151,580 |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 108,440 |  |  | $ | 27,811 |  |  | $ | 3,316 |  |  | $ | 983 |  |  | $ | 140,550 |
Provision (credit) for credit losses | (25,542) |  |  | 15,051 |  |  | 2,763 |  |  | (72) |  |  | (7,800) |
Loans charged off | (1,751) |  |  | (349) |  |  | — |  |  | (115) |  |  | (2,215) |
Recoveries of charge offs | 18,677 |  |  | 2,339 |  |  | — |  |  | 29 |  |  | 21,045 |
Balance, end of period | $ | 99,824 |  |  | $ | 44,852 |  |  | $ | 6,079 |  |  | $ | 825 |  |  | $ | 151,580 |
The following tables break out the allowance for credit losses and loan balance by measurement methodology at June 30, 2023 and December 31, 2022:
| June 30, 2023
| CRE Loans |  | C&I Loans |  | Residential Mortgage Loans |  | Consumer and Other Loans |  | Total
| (Dollars in thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 1,150 |  |  | $ | 11,706 |  |  | $ | 245 |  |  | $ | 72 |  |  | $ | 13,173 |
Collectively evaluated | 104,171 |  |  | 43,188 |  |  | 11,738 |  |  | 726 |  |  | 159,823 |
Total | $ | 105,321 |  |  | $ | 54,894 |  |  | $ | 11,983 |  |  | $ | 798 |  |  | $ | 172,996 |
Loans outstanding: |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 29,096 |  |  | $ | 23,042 |  |  | $ | 8,583 |  |  | $ | 180 |  |  | $ | 60,901 |
Collectively evaluated | 9,163,064 |  |  | 4,782,084 |  |  | 825,794 |  |  | 32,967 |  |  | 14,803,909 |
Total | $ | 9,192,160 |  |  | $ | 4,805,126 |  |  | $ | 834,377 |  |  | $ | 33,147 |  |  | $ | 14,864,810 |
| December 31, 2022
| CRE Loans |  | C&I Loans |  | Residential Mortgage Loans |  | Consumer and Other Loans |  |  |  |  |  |  |  |  |  | Total
| (Dollars in thousands)
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 870 |  |  | $ | 2,941 |  |  | $ | 24 |  |  | $ | 21 |  |  |  |  |  |  |  |  |  |  | $ | 3,856 |
Collectively evaluated | 95,014 |  |  | 53,931 |  |  | 8,896 |  |  | 662 |  |  |  |  |  |  |  |  |  |  | 158,503 |
Total | $ | 95,884 |  |  | $ | 56,872 |  |  | $ | 8,920 |  |  | $ | 683 |  |  |  |  |  |  |  |  |  |  | $ | 162,359 |
Loans outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 43,461 |  |  | $ | 12,477 |  |  | $ | 9,775 |  |  | $ | 436 |  |  |  |  |  |  |  |  |  |  | $ | 66,149 |
Collectively evaluated | 9,371,119 |  |  | 5,097,055 |  |  | 836,305 |  |  | 32,912 |  |  |  |  |  |  |  |  |  |  | 15,337,391 |
Total | $ | 9,414,580 |  |  | $ | 5,109,532 |  |  | $ | 846,080 |  |  | $ | 33,348 |  |  |  |  |  |  |  |  |  |  | $ | 15,403,540 |
Loan Modifications to Borrowers Experiencing Financial Difficulty In January 2023, the Company adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): TDR and Vintage Disclosures (“ASU 2022-02”), which eliminated the accounting guidance for TDR while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. The Company applied this guidance on a modified retrospective transition method, which resulted in a positive cumulative effect adjustment to retained earnings of $287 thousand, net of tax. Subsequent to the adoption of ASU 2022-02, the new guidance is applied uniformly to the Company’s entire loan portfolio when estimating expected credit losses. For the three and six months ended June 30, 2023, there was only one C&I loan modification to a borrower experiencing financial difficulty, amounting to $26.0 million or 0.54% of total C&I loans. The loan modification type was a term extension of four months. For the three and six months ended June 30, 2023, the Company recorded an allowance for credit losses of $115 thousand for this modification. There were no loan modifications that subsequently defaulted during the period.
Schedule of Nonaccrual Loans and Loans Past Due 90 or More Days And Still on Accrual Status | The tables below represent the amortized cost of nonaccrual loans, as well as loans past due 90 or more days and still on accrual status, by loan segment and broken out by loans with a recorded ACL and those without a recorded ACL, at June 30, 2023 and December 31, 2022.
|  | June 30, 2023
|  | Nonaccrual with No ACL |  | Nonaccrual with an ACL |  | Total Nonaccrual (1) |  | Accruing Loans Past Due 90 Days or More
|  | (Dollars in thousands)
CRE loans |  | $ | 22,286 |  |  | $ | 6,984 |  |  | $ | 29,270 |  |  | $ | 14,737 |
C&I loans |  | 1,212 |  |  | 21,830 |  |  | 23,042 |  |  | 362 |
Residential mortgage loans |  | 4,420 |  |  | 4,163 |  |  | 8,583 |  |  | — |
Consumer and other loans |  | — |  |  | 357 |  |  | 357 |  |  | 83 |
Total |  | $ | 27,918 |  |  | $ | 33,334 |  |  | $ | 61,252 |  |  | $ | 15,182 |
|  | December 31, 2022
|  | Nonaccrual with No ACL |  | Nonaccrual with an ACL |  | Total Nonaccrual (1) |  | Accruing Loans Past Due 90 Days or More
|  | (Dollars in thousands)
CRE loans |  | $ | 29,782 |  |  | $ | 4,133 |  |  | $ | 33,915 |  |  | $ | — |
C&I loans |  | 1,618 |  |  | 4,002 |  |  | 5,620 |  |  | 336 |
Residential mortgage loans |  | 5,959 |  |  | 3,816 |  |  | 9,775 |  |  | — |
Consumer and other loans |  | — |  |  | 377 |  |  | 377 |  |  | 65 |
Total |  | $ | 37,359 |  |  | $ | 12,328 |  |  | $ | 49,687 |  |  | $ | 401 |
__________________________________ (1) Total nonaccrual loans exclude the guaranteed portion of SBA loans that are in liquidation totaling $11.9 million and $9.8 million, at June 30, 2023 and December 31, 2022, respectively.
Amortized Cost Basis of Collateral-Dependent Loans | The following table presents the amortized cost of collateral-dependent loans at June 30, 2023 and December 31, 2022:
|  | June 30, 2023 |  | December 31, 2022
|  | Real Estate Collateral |  | Other Collateral |  | Total |  | Real Estate Collateral |  | Other Collateral |  | Total
|  | (Dollars in thousands)
CRE loans |  | $ | 25,635 |  |  | $ | — |  |  | $ | 25,635 |  |  | $ | 35,523 |  |  | $ | — |  |  | $ | 35,523 |
C&I loans |  | 1,212 |  |  | 20,203 |  |  | 21,415 |  |  | 1,618 |  |  | 2,743 |  |  | 4,361 |
Residential mortgage loans |  | 4,420 |  |  | — |  |  | 4,420 |  |  | 5,959 |  |  | — |  |  | 5,959 |
Total |  | $ | 31,267 |  |  | $ | 20,203 |  |  | $ | 51,470 |  |  | $ | 43,100 |  |  | $ | 2,743 |  |  | $ | 45,843 |
Aging of Past Due Loans | The following table presents the amortized cost of past due loans, including nonaccrual loans past due 30 or more days, by the number of days past due at June 30, 2023 and December 31, 2022, by loan segment:
| June 30, 2023 |  | December 31, 2022
| 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)
CRE loans | $ | 7,497 |  |  | $ | 319 |  |  | $ | 21,063 |  |  | $ | 28,879 |  |  | $ | 2,292 |  |  | $ | 2,727 |  |  | $ | 5,694 |  |  | $ | 10,713 |
C&I loans | 765 |  |  | 121 |  |  | 20,150 |  |  | 21,036 |  |  | 3,258 |  |  | 18 |  |  | 2,137 |  |  | 5,413 |
Residential mortgage loans | 1,043 |  |  | — |  |  | 4,606 |  |  | 5,649 |  |  | 2,310 |  |  | — |  |  | 5,106 |  |  | 7,416 |
Consumer and other loans | 148 |  |  | 57 |  |  | 83 |  |  | 288 |  |  | 617 |  |  | 44 |  |  | 308 |  |  | 969 |
Total Past Due | $ | 9,453 |  |  | $ | 497 |  |  | $ | 45,902 |  |  | $ | 55,852 |  |  | $ | 8,477 |  |  | $ | 2,789 |  |  | $ | 13,245 |  |  | $ | 24,511 |
Financing Receivable Credit Quality Indicators | The following table presents the amortized cost basis of loans receivable by segment, risk rating, and year of origination at June 30, 2023 and December 31, 2022.
|  | June 30, 2023
|  | Term Loan by Origination Year |  | Revolving Loans |  | Total
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |
|  | (Dollars in thousands)
CRE loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 389,783 |  |  | $ | 2,450,867 |  |  | $ | 2,107,752 |  |  | $ | 1,281,552 |  |  | $ | 1,039,543 |  |  | $ | 1,693,896 |  |  | $ | 81,560 |  |  | $ | 9,044,953 |
Special mention |  | — |  |  | 2,772 |  |  | 22,388 |  |  | 4,145 |  |  | 22,789 |  |  | 19,165 |  |  | 10,997 |  |  | 82,256 |
Substandard |  | — |  |  | 824 |  |  | 8,370 |  |  | 1,001 |  |  | 2,884 |  |  | 51,872 |  |  | — |  |  | 64,951 |
Subtotal |  | $ | 389,783 |  |  | $ | 2,454,463 |  |  | $ | 2,138,510 |  |  | $ | 1,286,698 |  |  | $ | 1,065,216 |  |  | $ | 1,764,933 |  |  | $ | 92,557 |  |  | $ | 9,192,160 |
Year-to-date gross charge offs |  | $ | — |  |  | $ | 119 |  |  | $ | — |  |  | $ | 11 |  |  | $ | 34 |  |  | $ | 397 |  |  | $ | — |  |  | $ | 561 |
C&I loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 807,771 |  |  | $ | 1,686,472 |  |  | $ | 885,837 |  |  | $ | 255,862 |  |  | $ | 219,210 |  |  | $ | 107,364 |  |  | $ | 654,007 |  |  | $ | 4,616,523 |
Special mention |  | 38 |  |  | 19,212 |  |  | 54,415 |  |  | 9,854 |  |  | 173 |  |  | — |  |  | 44,858 |  |  | 128,550 |
Substandard |  | 51 |  |  | 16,977 |  |  | 24,716 |  |  | 4,695 |  |  | 577 |  |  | 2,910 |  |  | 10,127 |  |  | 60,053 |
Subtotal |  | $ | 807,860 |  |  | $ | 1,722,661 |  |  | $ | 964,968 |  |  | $ | 270,411 |  |  | $ | 219,960 |  |  | $ | 110,274 |  |  | $ | 708,992 |  |  | $ | 4,805,126 |
Year-to-date gross charge offs |  | $ | — |  |  | $ | 89 |  |  | $ | 54 |  |  | $ | 45 |  |  | $ | 85 |  |  | $ | 465 |  |  | $ | — |  |  | $ | 738 |
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 15,658 |  |  | $ | 373,241 |  |  | $ | 273,044 |  |  | $ | 1,374 |  |  | $ | 29,436 |  |  | $ | 132,782 |  |  | $ | — |  |  | $ | 825,535 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | 314 |  |  | — |  |  | 1,723 |  |  | 6,805 |  |  | — |  |  | 8,842 |
Subtotal |  | $ | 15,658 |  |  | $ | 373,241 |  |  | $ | 273,358 |  |  | $ | 1,374 |  |  | $ | 31,159 |  |  | $ | 139,587 |  |  | $ | — |  |  | $ | 834,377 |
Year-to-date gross charge offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Consumer and other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 3,565 |  |  | $ | 1,158 |  |  | $ | 332 |  |  | $ | 2,739 |  |  | $ | 165 |  |  | $ | 8,861 |  |  | $ | 15,970 |  |  | $ | 32,790 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 357 |  |  | — |  |  | 357 |
Subtotal |  | $ | 3,565 |  |  | $ | 1,158 |  |  | $ | 332 |  |  | $ | 2,739 |  |  | $ | 165 |  |  | $ | 9,218 |  |  | $ | 15,970 |  |  | $ | 33,147 |
Year-to-date gross charge offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 175 |  |  | $ | 175 |
Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,216,777 |  |  | $ | 4,511,738 |  |  | $ | 3,266,965 |  |  | $ | 1,541,527 |  |  | $ | 1,288,354 |  |  | $ | 1,942,903 |  |  | $ | 751,537 |  |  | $ | 14,519,801 |
Special mention |  | 38 |  |  | 21,984 |  |  | 76,803 |  |  | 13,999 |  |  | 22,962 |  |  | 19,165 |  |  | 55,855 |  |  | 210,806 |
Substandard |  | 51 |  |  | 17,801 |  |  | 33,400 |  |  | 5,696 |  |  | 5,184 |  |  | 61,944 |  |  | 10,127 |  |  | 134,203 |
Total |  | $ | 1,216,866 |  |  | $ | 4,551,523 |  |  | $ | 3,377,168 |  |  | $ | 1,561,222 |  |  | $ | 1,316,500 |  |  | $ | 2,024,012 |  |  | $ | 817,519 |  |  | $ | 14,864,810 |
Total year-to-date gross charge offs |  | $ | — |  |  | $ | 208 |  |  | $ | 54 |  |  | $ | 56 |  |  | $ | 119 |  |  | $ | 862 |  |  | $ | 175 |  |  | $ | 1,474 |
|  | December 31, 2022
|  | Term Loan by Origination Year |  | Revolving Loans |  | Total
|  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |
|  | (Dollars in thousands)
CRE loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,421,631 |  |  | $ | 2,194,073 |  |  | $ | 1,372,027 |  |  | $ | 1,076,405 |  |  | $ | 1,018,553 |  |  | $ | 1,064,267 |  |  | $ | 105,274 |  |  | $ | 9,252,230 |
Special mention |  | — |  |  | 14,622 |  |  | 7,301 |  |  | 20,426 |  |  | 13,565 |  |  | 26,746 |  |  | 202 |  |  | 82,862 |
Substandard |  | — |  |  | 8,240 |  |  | 1,736 |  |  | 7,881 |  |  | 10,250 |  |  | 51,381 |  |  | — |  |  | 79,488 |
Subtotal |  | $ | 2,421,631 |  |  | $ | 2,216,935 |  |  | $ | 1,381,064 |  |  | $ | 1,104,712 |  |  | $ | 1,042,368 |  |  | $ | 1,142,394 |  |  | $ | 105,476 |  |  | $ | 9,414,580 |
C&I loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,311,344 |  |  | $ | 1,090,034 |  |  | $ | 291,592 |  |  | $ | 298,133 |  |  | $ | 69,721 |  |  | $ | 95,531 |  |  | $ | 864,343 |  |  | $ | 5,020,698 |
Special mention |  | 17,911 |  |  | 37,393 |  |  | 13,707 |  |  | 110 |  |  | — |  |  | 24 |  |  | 5,256 |  |  | 74,401 |
Substandard |  | — |  |  | 2,833 |  |  | 5,889 |  |  | 1,000 |  |  | 1,020 |  |  | 3,691 |  |  | — |  |  | 14,433 |
Subtotal |  | $ | 2,329,255 |  |  | $ | 1,130,260 |  |  | $ | 311,188 |  |  | $ | 299,243 |  |  | $ | 70,741 |  |  | $ | 99,246 |  |  | $ | 869,599 |  |  | $ | 5,109,532 |
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 382,935 |  |  | $ | 283,163 |  |  | $ | 1,386 |  |  | $ | 30,603 |  |  | $ | 62,976 |  |  | $ | 75,242 |  |  | $ | — |  |  | $ | 836,305 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | 311 |  |  | — |  |  | 967 |  |  | 384 |  |  | 8,113 |  |  | — |  |  | 9,775 |
Subtotal |  | $ | 382,935 |  |  | $ | 283,474 |  |  | $ | 1,386 |  |  | $ | 31,570 |  |  | $ | 63,360 |  |  | $ | 83,355 |  |  | $ | — |  |  | $ | 846,080 |
Consumer and other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 10,005 |  |  | $ | 723 |  |  | $ | 3,351 |  |  | $ | 223 |  |  | $ | 10 |  |  | $ | 1,420 |  |  | $ | 17,239 |  |  | $ | 32,971 |
Special mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 377 |  |  | — |  |  | 377 |
Subtotal |  | $ | 10,005 |  |  | $ | 723 |  |  | $ | 3,351 |  |  | $ | 223 |  |  | $ | 10 |  |  | $ | 1,797 |  |  | $ | 17,239 |  |  | $ | 33,348 |
Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 5,125,915 |  |  | $ | 3,567,993 |  |  | $ | 1,668,356 |  |  | $ | 1,405,364 |  |  | $ | 1,151,260 |  |  | $ | 1,236,460 |  |  | $ | 986,856 |  |  | $ | 15,142,204 |
Special mention |  | 17,911 |  |  | 52,015 |  |  | 21,008 |  |  | 20,536 |  |  | 13,565 |  |  | 26,770 |  |  | 5,458 |  |  | 157,263 |
Substandard |  | — |  |  | 11,384 |  |  | 7,625 |  |  | 9,848 |  |  | 11,654 |  |  | 63,562 |  |  | — |  |  | 104,073 |
Total |  | $ | 5,143,826 |  |  | $ | 3,631,392 |  |  | $ | 1,696,989 |  |  | $ | 1,435,748 |  |  | $ | 1,176,479 |  |  | $ | 1,326,792 |  |  | $ | 992,314 |  |  | $ | 15,403,540 |
For the three and six months ended June 30, 2023 and the twelve months ended December 31, 2022, there were no revolving loans converted to term loans.
Loans Sold From Loans Held For Investment | The breakdown of loans by segment that were reclassified from held for investment to held for sale for the three and six months ended June 30, 2023 and 2022, is presented in the following table:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Transfer of loans held for investment to held for sale | (Dollars in thousands)
CRE loans | $ | 13,168 |  |  | $ | 57,835 |  |  | $ | 66,776 |  |  | $ | 155,486 |
C&I loans | 61,608 |  |  | 9,867 |  |  | 170,483 |  |  | 16,769 |
Total | $ | 74,776 |  |  | $ | 67,702 |  |  | $ | 237,259 |  |  | $ | 172,255 |
Troubled Debt Restructurings |
Summary of Troubled Debt Restructurings with Subsequent Payment Default |
interest income reversal, nonaccrual, by loan segment | The following table presents interest income reversals, due to loans being placed on nonaccrual status, by loan segment for the three and six months ended June 30, 2023 and 2022:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Dollars in thousands)
CRE loans | $ | 214 |  |  | $ | 1,097 |  |  | $ | 665 |  |  | $ | 1,252 |
C&I loans | 368 |  |  | 7 |  |  | 886 |  |  | 26 |
Residential mortgage loans | 18 |  |  | — |  |  | 32 |  |  | 139 |
Total | $ | 600 |  |  | $ | 1,104 |  |  | $ | 1,583 |  |  | $ | 1,417 |

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