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Loans (Tables) | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Schedule of Loans | Loans consist of the following:
(Dollars in thousands) | December 31, 2021 |  | December 31, 2020 |
Loans held for sale | $ | 80,387 |  |  | $ | 191,512 |  |
LHFI: |  |  |  |
Loans secured by real estate: |  |  |  |
Commercial real estate | $ | 1,693,512 |  |  | $ | 1,370,928 |  |
Construction/land/land development | 530,083 |  |  | 531,860 |  |
Residential real estate | 909,739 |  |  | 885,120 |  |
Total real estate | 3,133,334 |  |  | 2,787,908 |  |
Commercial and industrial(1) | 1,454,235 |  |  | 1,817,862 |  |
Mortgage warehouse lines of credit | 627,078 |  |  | 1,084,001 |  |
Consumer | 16,684 |  |  | 17,991 |  |
Total loans accounted for at amortized cost | 5,231,331 |  |  | 5,707,762 |  |
Loans accounted for at fair value | — |  |  | 17,011 |  |
Total LHFI(2) | 5,231,331 |  |  | 5,724,773 |  |
Less: Allowance for loan losses | 64,586 |  |  | 86,670 |  |
LHFI, net | $ | 5,166,745 |  |  | $ | 5,638,103 |  |
____________________________ (1)Includes $105.8 million and $546.5 million of PPP loans at December 31, 2021 and December 31, 2020, respectively. (2)Includes net deferred loan fees of $9.6 million and $13.7 million at December 31, 2021, and December 31, 2020, respectively.
Recorded Investment in Loans by Credit Quality Indicator | The following table reflects recorded investments in loans by credit quality indicator and origination year at December 31, 2021, excluding loans held for sale and loans accounted for at fair value. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2021.
| Term Loans |
| Amortized Cost Basis by Origination Year |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 556,218 |  |  | $ | 369,128 |  |  | $ | 278,045 |  |  | $ | 236,543 |  |  | $ | 111,308 |  |  | $ | 86,498 |  |  | $ | 22,904 |  |  |  |  | $ | 1,660,644 |  |
Special mention | — |  |  | — |  |  | — |  |  | 8,392 |  |  | 15,828 |  |  | — |  |  | — |  |  |  |  | 24,220 |  |
Classified | 2,045 |  |  | 625 |  |  | 772 |  |  | 2,456 |  |  | 299 |  |  | 2,288 |  |  | 163 |  |  |  |  | 8,648 |  |
Total commercial real estate loans | $ | 558,263 |  |  | $ | 369,753 |  |  | $ | 278,817 |  |  | $ | 247,391 |  |  | $ | 127,435 |  |  | $ | 88,786 |  |  | $ | 23,067 |  |  |  |  | $ | 1,693,512 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 120 |  |  | $ | 24 |  |  | $ | 26 |  |  | $ | — |  |  |  |  | $ | 170 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | 48 |  |  | 3 |  |  | 14 |  |  | — |  |  |  |  | 65 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 72 |  |  | $ | 21 |  |  | $ | 12 |  |  | $ | — |  |  |  |  | $ | 105 |  |
Construction/land/land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 256,212 |  |  | $ | 102,459 |  |  | $ | 85,442 |  |  | $ | 32,128 |  |  | $ | 5,422 |  |  | $ | 553 |  |  | $ | 30,729 |  |  |  |  | $ | 512,945 |  |
Special mention | — |  |  | — |  |  | 8,126 |  |  | — |  |  | 1,003 |  |  | — |  |  | — |  |  |  |  | 9,129 |  |
Classified | 443 |  |  | 297 |  |  | 272 |  |  | 1,677 |  |  | 158 |  |  | — |  |  | 5,162 |  |  |  |  | 8,009 |  |
Total construction/land/land development loans | $ | 256,655 |  |  | $ | 102,756 |  |  | $ | 93,840 |  |  | $ | 33,805 |  |  | $ | 6,583 |  |  | $ | 553 |  |  | $ | 35,891 |  |  |  |  | $ | 530,083 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 313,898 |  |  | $ | 252,115 |  |  | $ | 109,564 |  |  | $ | 52,515 |  |  | $ | 45,042 |  |  | $ | 59,690 |  |  | $ | 60,342 |  |  |  |  | $ | 893,166 |  |
Special mention | — |  |  | 174 |  |  | — |  |  | 421 |  |  | 477 |  |  | — |  |  | — |  |  |  |  | 1,072 |  |
Classified | 1,398 |  |  | 191 |  |  | 2,393 |  |  | 2,848 |  |  | 1,819 |  |  | 6,606 |  |  | 246 |  |  |  |  | 15,501 |  |
Total residential real estate loans | $ | 315,296 |  |  | $ | 252,480 |  |  | $ | 111,957 |  |  | $ | 55,784 |  |  | $ | 47,338 |  |  | $ | 66,296 |  |  | $ | 60,588 |  |  |  |  | $ | 909,739 |  |
Current period gross charge-offs | $ | — |  |  | $ | 7 |  |  | $ | 61 |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  |  |  | $ | 78 |  |
Current period gross recoveries | — |  |  | 21 |  |  | 19 |  |  | — |  |  | 25 |  |  | 52 |  |  | — |  |  |  |  | 117 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | (14) |  |  | $ | 42 |  |  | $ | — |  |  | $ | (25) |  |  | $ | (42) |  |  | $ | — |  |  |  |  | $ | (39) |  |
| Term Loans |
| Amortized Cost Basis by Origination Year |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 448,377 |  |  | $ | 164,910 |  |  | $ | 93,488 |  |  | $ | 64,791 |  |  | $ | 14,742 |  |  | $ | 24,014 |  |  | $ | 599,144 |  |  |  |  | $ | 1,409,466 |  |
Special mention | 259 |  |  | 2,170 |  |  | — |  |  | 1,519 |  |  | — |  |  | — |  |  | 3,752 |  |  |  |  | 7,700 |  |
Classified | 14,378 |  |  | 167 |  |  | 2,978 |  |  | 3,849 |  |  | 3,849 |  |  | 3,008 |  |  | 8,840 |  |  |  |  | 37,069 |  |
Total commercial and industrial loans | $ | 463,014 |  |  | $ | 167,247 |  |  | $ | 96,466 |  |  | $ | 70,159 |  |  | $ | 18,591 |  |  | $ | 27,022 |  |  | $ | 611,736 |  |  |  |  | $ | 1,454,235 |  |
Current period gross charge-offs | $ | 9 |  |  | $ | 1,172 |  |  | $ | 54 |  |  | $ | 5 |  |  | $ | 1,467 |  |  | $ | 6,354 |  |  | $ | 2,862 |  |  |  |  | $ | 11,923 |  |
Current period gross recoveries | — |  |  | 18 |  |  | 51 |  |  | 3 |  |  | 102 |  |  | 204 |  |  | 339 |  |  |  |  | 717 |  |
Current period net charge-offs (recoveries) | $ | 9 |  |  | $ | 1,154 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 1,365 |  |  | $ | 6,150 |  |  | $ | 2,523 |  |  |  |  | $ | 11,206 |  |
Mortgage Warehouse Lines of Credit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 627,078 |  |  |  |  | $ | 627,078 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 6,976 |  |  | $ | 2,169 |  |  | $ | 1,467 |  |  | $ | 443 |  |  | $ | 55 |  |  | $ | 67 |  |  | $ | 5,407 |  |  |  |  | $ | 16,584 |  |
Classified | 26 |  |  | 21 |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | 51 |  |  |  |  | 100 |  |
Total consumer loans | $ | 7,002 |  |  | $ | 2,190 |  |  | $ | 1,468 |  |  | $ | 443 |  |  | $ | 55 |  |  | $ | 68 |  |  | $ | 5,458 |  |  |  |  | $ | 16,684 |  |
Current period gross charge-offs | $ | — |  |  | $ | 5 |  |  | $ | 29 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 18 |  |  |  |  | $ | 63 |  |
Current period gross recoveries | — |  |  | — |  |  | 20 |  |  | 7 |  |  | 1 |  |  | 17 |  |  | 4 |  |  |  |  | 49 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | 5 |  |  | $ | 9 |  |  | $ | (5) |  |  | $ | (1) |  |  | $ | (8) |  |  | $ | 14 |  |  |  |  | $ | 14 |  |
The following table reflects recorded investments in loans by credit quality indicator and origination year at December 31, 2020, excluding loans held for sale and loans accounted for at fair value. The Company had an immaterial amount of revolving loans converted to term loans at December 31, 2020.
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Commercial real estate:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 393,317 |  |  | $ | 290,394 |  |  | $ | 312,051 |  |  | $ | 154,445 |  |  | $ | 46,132 |  |  | $ | 106,994 |  |  | $ | 18,419 |  |  |  |  | $ | 1,321,752 |  |
Special mention | 824 |  |  | 113 |  |  | 2,410 |  |  | 20,691 |  |  | — |  |  | 1,656 |  |  | 2,145 |  |  |  |  | 27,839 |  |
Classified | 2,806 |  |  | 1,678 |  |  | 6,704 |  |  | 6,586 |  |  | 1,476 |  |  | 1,093 |  |  | 994 |  |  |  |  | 21,337 |  |
Total commercial real estate loans | $ | 396,947 |  |  | $ | 292,185 |  |  | $ | 321,165 |  |  | $ | 181,722 |  |  | $ | 47,608 |  |  | $ | 109,743 |  |  | $ | 21,558 |  |  |  |  | $ | 1,370,928 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,622 |  |  | $ | 199 |  |  | $ | 1,103 |  |  | $ | — |  |  |  |  | $ | 4,924 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  |  |  | 19 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,622 |  |  | $ | 199 |  |  | $ | 1,084 |  |  | $ | — |  |  |  |  | $ | 4,905 |  |
(1) Excludes $17.0 million of commercial real estate loans at fair value at December 31, 2020, which are not included in the loss estimation methodology due to the fair value option election. |
| Term Loans |
| Amortized Cost Basis by Origination Year |
(Dollars in thousands) | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving Loans Amortized Cost Basis |  |  |  | Total |
Construction/land/land development: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 189,311 |  |  | $ | 150,281 |  |  | $ | 138,000 |  |  | $ | 12,907 |  |  | $ | 1,812 |  |  | $ | 1,157 |  |  | $ | 18,892 |  |  |  |  | $ | 512,360 |  |
Special mention | 323 |  |  | 10,421 |  |  | 135 |  |  | 1,003 |  |  | — |  |  | — |  |  | — |  |  |  |  | 11,882 |  |
Classified | — |  |  | 1,811 |  |  | 726 |  |  | 1,507 |  |  | 143 |  |  | 168 |  |  | 3,263 |  |  |  |  | 7,618 |  |
Total construction/land/land development loans | $ | 189,634 |  |  | $ | 162,513 |  |  | $ | 138,861 |  |  | $ | 15,417 |  |  | $ | 1,955 |  |  | $ | 1,325 |  |  | $ | 22,155 |  |  |  |  | $ | 531,860 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  |  |  | 1 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1) |  |  | $ | — |  |  |  |  | $ | (1) |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 367,652 |  |  | $ | 143,368 |  |  | $ | 103,450 |  |  | $ | 102,272 |  |  | $ | 41,522 |  |  | $ | 50,094 |  |  | $ | 53,854 |  |  |  |  | $ | 862,212 |  |
Special mention | 188 |  |  | — |  |  | 29 |  |  | 1,875 |  |  | 9,287 |  |  | 803 |  |  | — |  |  |  |  | 12,182 |  |
Classified | 1,857 |  |  | 2,403 |  |  | 2,982 |  |  | 511 |  |  | 1,344 |  |  | 1,533 |  |  | 96 |  |  |  |  | 10,726 |  |
Total residential real estate loans | $ | 369,697 |  |  | $ | 145,771 |  |  | $ | 106,461 |  |  | $ | 104,658 |  |  | $ | 52,153 |  |  | $ | 52,430 |  |  | $ | 53,950 |  |  |  |  | $ | 885,120 |  |
Current period gross charge-offs | $ | 94 |  |  | $ | 271 |  |  | $ | — |  |  | $ | 283 |  |  | $ | — |  |  | $ | 44 |  |  | $ | — |  |  |  |  | $ | 692 |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 202 |  |  | — |  |  |  |  | 202 |  |
Current period net charge-offs (recoveries) | $ | 94 |  |  | $ | 271 |  |  | $ | — |  |  | $ | 283 |  |  | $ | — |  |  | $ | (158) |  |  | $ | — |  |  |  |  | $ | 490 |  |
Commercial and industrial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 851,780 |  |  | $ | 153,722 |  |  | $ | 110,092 |  |  | $ | 29,413 |  |  | $ | 9,927 |  |  | $ | 26,964 |  |  | $ | 511,220 |  |  |  |  | $ | 1,693,118 |  |
Special mention | 4,860 |  |  | 2,059 |  |  | 26,438 |  |  | 423 |  |  | — |  |  | 14,843 |  |  | 8,077 |  |  |  |  | 56,700 |  |
Classified | 5,436 |  |  | 12,250 |  |  | 5,859 |  |  | 5,450 |  |  | 5,950 |  |  | 6,707 |  |  | 26,392 |  |  |  |  | 68,044 |  |
Total commercial and industrial loans | $ | 862,076 |  |  | $ | 168,031 |  |  | $ | 142,389 |  |  | $ | 35,286 |  |  | $ | 15,877 |  |  | $ | 48,514 |  |  | $ | 545,689 |  |  |  |  | $ | 1,817,862 |  |
Current period gross charge-offs | $ | 189 |  |  | $ | 204 |  |  | $ | 87 |  |  | $ | 121 |  |  | $ | 3,228 |  |  | $ | 469 |  |  | $ | 2,404 |  |  |  |  | $ | 6,702 |  |
Current period gross recoveries | — |  |  | 42 |  |  | 20 |  |  | 81 |  |  | 185 |  |  | 112 |  |  | 582 |  |  |  |  | 1,022 |  |
Current period net charge-offs (recoveries) | $ | 189 |  |  | $ | 162 |  |  | $ | 67 |  |  | $ | 40 |  |  | $ | 3,043 |  |  | $ | 357 |  |  | $ | 1,822 |  |  |  |  | $ | 5,680 |  |
Mortgage Warehouse Lines of Credit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,084,001 |  |  |  |  | $ | 1,084,001 |  |
Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Current period gross recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 6,702 |  |  | $ | 3,318 |  |  | $ | 1,578 |  |  | $ | 203 |  |  | $ | 116 |  |  | $ | 83 |  |  | $ | 5,935 |  |  |  |  | $ | 17,935 |  |
Classified | 28 |  |  | 8 |  |  | — |  |  | — |  |  | 6 |  |  | 1 |  |  | 13 |  |  |  |  | 56 |  |
Total consumer loans | $ | 6,730 |  |  | $ | 3,326 |  |  | $ | 1,578 |  |  | $ | 203 |  |  | $ | 122 |  |  | $ | 84 |  |  | $ | 5,948 |  |  |  |  | $ | 17,991 |  |
Current period gross charge-offs | $ | — |  |  | $ | 39 |  |  | $ | 23 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 2 |  |  |  |  | $ | 76 |  |
Current period gross recoveries | — |  |  | — |  |  | 1 |  |  | 7 |  |  | 5 |  |  | 7 |  |  | 4 |  |  |  |  | 24 |  |
Current period net charge-offs (recoveries) | $ | — |  |  | $ | 39 |  |  | $ | 22 |  |  | $ | 1 |  |  | $ | (5) |  |  | $ | (3) |  |  | $ | (2) |  |  |  |  | $ | 52 |  |
Loan Portfolio Aging Analysis | The following tables present the Company's loan portfolio aging analysis at the dates indicated:
| December 31, 2021 |
(Dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Loans Past Due 90 Days or More |  | Total Past Due |  | Current Loans |  | Total Loans Receivable |  | Accruing Loans 90 or More Days Past Due |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 22 |  |  | $ | — |  |  | $ | 197 |  |  | $ | 219 |  |  | $ | 1,693,293 |  |  | $ | 1,693,512 |  |  | $ | — |  |
Construction/land/land development | — |  |  | 129 |  |  | 52 |  |  | 181 |  |  | 529,902 |  |  | 530,083 |  |  | — |  |
Residential real estate | 2,245 |  |  | 352 |  |  | 10,331 |  |  | 12,928 |  |  | 896,811 |  |  | 909,739 |  |  | — |  |
Total real estate | 2,267 |  |  | 481 |  |  | 10,580 |  |  | 13,328 |  |  | 3,120,006 |  |  | 3,133,334 |  |  | — |  |
Commercial and industrial | 77 |  |  | 1,172 |  |  | 10,927 |  |  | 12,176 |  |  | 1,442,059 |  |  | 1,454,235 |  |  | — |  |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |  | 627,078 |  |  | 627,078 |  |  | — |  |
Consumer | 90 |  |  | — |  |  | 21 |  |  | 111 |  |  | 16,573 |  |  | 16,684 |  |  | — |  |
Total LHFI | $ | 2,434 |  |  | $ | 1,653 |  |  | $ | 21,528 |  |  | $ | 25,615 |  |  | $ | 5,205,716 |  |  | $ | 5,231,331 |  |  | $ | — |  |
| December 31, 2020
(Dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Loans Past Due 90 Days or More |  | Total Past Due |  | Current Loans |  | Total Loans Receivable |  | Accruing Loans 90 or More Days Past Due
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate (1) | $ | 1,072 |  |  | $ | — |  |  | $ | 3,172 |  |  | $ | 4,244 |  |  | $ | 1,383,695 |  |  | $ | 1,387,939 |  |  | $ | — |
Construction/land/land development | 369 |  |  | 1 |  |  | 2,328 |  |  | 2,698 |  |  | 529,162 |  |  | 531,860 |  |  | — |
Residential real estate | 3,774 |  |  | 134 |  |  | 364 |  |  | 4,272 |  |  | 880,848 |  |  | 885,120 |  |  | — |
Total real estate | 5,215 |  |  | 135 |  |  | 5,864 |  |  | 11,214 |  |  | 2,793,705 |  |  | 2,804,919 |  |  | — |
Commercial and industrial | 703 |  |  | 1,097 |  |  | 12,625 |  |  | 14,425 |  |  | 1,803,437 |  |  | 1,817,862 |  |  | — |
Mortgage warehouse lines of credit | — |  |  | — |  |  | — |  |  | — |  |  | 1,084,001 |  |  | 1,084,001 |  |  | — |
Consumer | 113 |  |  | 9 |  |  | 2 |  |  | 124 |  |  | 17,867 |  |  | 17,991 |  |  | — |
Total LHFI | $ | 6,031 |  |  | $ | 1,241 |  |  | $ | 18,491 |  |  | $ | 25,763 |  |  | $ | 5,699,010 |  |  | $ | 5,724,773 |  |  | $ | — |
____________________________ (1)Includes $17.0 million of commercial real estate loans at fair value.
Allowance for Loan Losses by Portfolio Segment | The following tables detail activity in the allowance for loan credit losses by portfolio segment. Accrued interest of $15.9 million and $20.3 million was not included in the book value for the purposes of calculating the allowance at December 31, 2021, and December 31, 2020, respectively. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
| Year Ended December 31, 2021
(Dollars in thousands) | Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  | Average Balance |  | Net Charge-offs to Loan Average Balance |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 15,430 |  |  | $ | 170 |  |  | $ | 65 |  |  | $ | (1,900) |  |  | $ | 13,425 |  |  | $ | 1,501,890 |  |  | 0.01 | % |  |  |  |  |  |  |  |  |
Construction/land/land development | 8,191 |  |  | — |  |  | — |  |  | (4,180) |  |  | 4,011 |  |  | 528,618 |  |  | — |  |  |  |  |  |  |  |  |  |
Residential real estate | 9,418 |  |  | 78 |  |  | 117 |  |  | (3,341) |  |  | 6,116 |  |  | 916,039 |  |  | — |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 51,857 |  |  | 11,923 |  |  | 717 |  |  | (505) |  |  | 40,146 |  |  | 1,627,077 |  |  | 0.69 |  |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 856 |  |  | — |  |  | — |  |  | (516) |  |  | 340 |  |  | 753,588 |  |  | — |  |  |  |  |  |  |  |  |  |
Consumer | 918 |  |  | 63 |  |  | 49 |  |  | (356) |  |  | 548 |  |  | 16,764 |  |  | 0.08 |  |  |  |  |  |  |  |  |  |
Total | $ | 86,670 |  |  | $ | 12,234 |  |  | $ | 948 |  |  | $ | (10,798) |  |  | $ | 64,586 |  |  | $ | 5,343,976 |  |  | 0.21 |  |  |  |  |  |  |  |  |  |
(1)The $10.8 million provision for credit losses net benefit on the consolidated statements of income includes a $10.8 million provision for loan losses net benefit, a $68,000 provision for off-balance sheet commitments net benefit and a $101,000 provision for held to maturity securities credit losses for the year ended December 31, 2021. |  |  |  |  |  |  |  |  |
| Year Ended December 31, 2020
(Dollars in thousands) | Beginning Balance |  | Impact of Adopting ASC 326 |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  | Average Balance |  | Net Charge-offs to Loan Average Balance |  |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 10,013 |  |  | $ | (5,052) |  |  | $ | 4,924 |  |  | $ | 19 |  |  | $ | 15,374 |  |  | $ | 15,430 |  |  | $ | 1,322,477 |  |  | 0.37 | % |  |  |  |  |  |  |  |  |
Construction/land/land development | 3,711 |  |  | 1,141 |  |  | — |  |  | 1 |  |  | 3,338 |  |  | 8,191 |  |  | 554,038 |  |  | — |  |  |  |  |  |  |  |  |  |
Residential real estate | 6,332 |  |  | (2,526) |  |  | 692 |  |  | 202 |  |  | 6,102 |  |  | 9,418 |  |  | 769,838 |  |  | 0.06 |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 16,960 |  |  | 7,296 |  |  | 6,702 |  |  | 1,022 |  |  | 33,281 |  |  | 51,857 |  |  | 1,710,648 |  |  | 0.33 |  |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 262 |  |  | 29 |  |  | — |  |  | — |  |  | 565 |  |  | 856 |  |  | 574,837 |  |  | — |  |  |  |  |  |  |  |  |  |
Consumer | 242 |  |  | 360 |  |  | 76 |  |  | 24 |  |  | 368 |  |  | 918 |  |  | 18,707 |  |  | 0.28 |  |  |  |  |  |  |  |  |  |
Total | $ | 37,520 |  |  | $ | 1,248 |  |  | $ | 12,394 |  |  | $ | 1,268 |  |  | $ | 59,028 |  |  | $ | 86,670 |  |  | $ | 4,950,545 |  |  | 0.22 |  |  |  |  |  |  |  |  |  |
(1)The $59.9 million provision for credit losses on the consolidated statements of income includes a $59.0 million net loan loss provision, a $902,000 provision for off-balance sheet commitments and a $30,000 provision benefit for held to maturity securities credit losses for the year ended December 31, 2020. |  |  |  |  |  |  |  |  |
| Year Ended December 31, 2019
(Dollars in thousands) | Beginning Balance |  | Charge-offs |  | Recoveries |  | Provision(1) |  | Ending Balance |  | Average Balance |  | Net Charge-offs to Loan Average Balance |  |  |  |  |  |  |  |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 8,999 |  |  | $ | 1,420 |  |  | $ | 341 |  |  | $ | 2,093 |  |  | $ | 10,013 |  |  | $ | 1,247,941 |  |  | 0.09 | % |  |  |  |  |  |  |  |
Construction/land/land development | 3,331 |  |  | 38 |  |  | 40 |  |  | 378 |  |  | 3,711 |  |  | 505,795 |  |  | — |  |  |  |  |  |  |  |  |
Residential real estate | 5,705 |  |  | 265 |  |  | 185 |  |  | 707 |  |  | 6,332 |  |  | 661,581 |  |  | 0.01 |  |  |  |  |  |  |  |  |
Commercial and industrial | 15,616 |  |  | 8,231 |  |  | 3,627 |  |  | 5,948 |  |  | 16,960 |  |  | 1,324,002 |  |  | 0.35 |  |  |  |  |  |  |  |  |
Mortgage warehouse lines of credit | 316 |  |  | 29 |  |  | — |  |  | (25) |  |  | 262 |  |  | 212,733 |  |  | 0.01 |  |  |  |  |  |  |  |  |
Consumer | 236 |  |  | 148 |  |  | 48 |  |  | 106 |  |  | 242 |  |  | 20,809 |  |  | 0.48 |  |  |  |  |  |  |  |  |
Total | $ | 34,203 |  |  | $ | 10,131 |  |  | $ | 4,241 |  |  | $ | 9,207 |  |  | $ | 37,520 |  |  | $ | 3,972,861 |  |  | 0.15 |  |  |  |  |  |  |  |  |
(1)The $9.6 million provision for credit losses on the consolidated statements of income includes a $9.2 million net loan loss provision, a $361,000 provision for off-balance sheet commitments for the year ended December 31, 2019. |  |  |  |  |  |  |  |
The following tables show the recorded investment in loans by loss estimation methodology, excluding loans for which the fair value option was elected at December 31, 2020. There were no LHFI for which the fair value option was elected at December 31, 2021.
| December 31, 2021 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 1,691,269 |  |  | $ | 166 |  |  | $ | 2,077 |  |  | $ | 1,693,512 |  |
Construction/land/land development | 529,789 |  |  | — |  |  | 294 |  |  | 530,083 |  |
Residential real estate | 898,456 |  |  | 8,150 |  |  | 3,133 |  |  | 909,739 |  |
Commercial and industrial | 1,441,204 |  |  | 8,547 |  |  | 4,484 |  |  | 1,454,235 |  |
Mortgage warehouse lines of credit | 627,078 |  |  | — |  |  | — |  |  | 627,078 |  |
Consumer | 16,682 |  |  | 2 |  |  | — |  |  | 16,684 |  |
Total | $ | 5,204,478 |  |  | $ | 16,865 |  |  | $ | 9,988 |  |  | $ | 5,231,331 |  |
| December 31, 2020 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate(1) | $ | 1,365,284 |  |  | $ | 3,173 |  |  | $ | 2,471 |  |  | $ | 1,370,928 |  |
Construction/land/land development | 528,894 |  |  | 2,621 |  |  | 345 |  |  | 531,860 |  |
Residential real estate | 879,015 |  |  | 2,009 |  |  | 4,096 |  |  | 885,120 |  |
Commercial and industrial | 1,804,049 |  |  | 3,152 |  |  | 10,661 |  |  | 1,817,862 |  |
Mortgage warehouse lines of credit | 1,084,001 |  |  | — |  |  | — |  |  | 1,084,001 |  |
Consumer | 17,991 |  |  | — |  |  | — |  |  | 17,991 |  |
Total | $ | 5,679,234 |  |  | $ | 10,955 |  |  | $ | 17,573 |  |  | $ | 5,707,762 |  |
____________________________ (1)Excludes $17.0 million of commercial real estate loans at fair value, which are not included in the loss estimation methodology due to the fair value option election. The following tables show the allowance for loan credit losses by loss estimation methodology at December 31, 2021, and December 31, 2020.
| December 31, 2021 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 13,416 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 13,425 |  |
Construction/land/land development | 3,997 |  |  | — |  |  | 14 |  |  | 4,011 |  |
Residential real estate | 5,017 |  |  | 19 |  |  | 1,080 |  |  | 6,116 |  |
Commercial and industrial | 29,995 |  |  | 6,680 |  |  | 3,471 |  |  | 40,146 |  |
Mortgage warehouse lines of credit | 340 |  |  | — |  |  | — |  |  | 340 |  |
Consumer | 546 |  |  | 2 |  |  | — |  |  | 548 |  |
Total | $ | 53,311 |  |  | $ | 6,701 |  |  | $ | 4,574 |  |  | $ | 64,586 |  |
| December 31, 2020 |
| Collectively Evaluated |  | Individually Evaluated |  |  |
(Dollars in thousands) | Probability of Default |  | Fair Value of Collateral |  | Discounted Cash Flow |  | Total |
Loans secured by real estate: |  |  |  |  |  |  |  |
Commercial real estate | $ | 14,896 |  |  | $ | 525 |  |  | $ | 9 |  |  | $ | 15,430 |  |
Construction/land/land development | 8,062 |  |  | 128 |  |  | 1 |  |  | 8,191 |  |
Residential real estate | 8,983 |  |  | — |  |  | 435 |  |  | 9,418 |  |
Commercial and industrial | 44,714 |  |  | 1,707 |  |  | 5,436 |  |  | 51,857 |  |
Mortgage warehouse lines of credit | 856 |  |  | — |  |  | — |  |  | 856 |  |
Consumer | 918 |  |  | — |  |  | — |  |  | 918 |  |
Total | $ | 78,429 |  |  | $ | 2,360 |  |  | $ | 5,881 |  |  | $ | 86,670 |  |
Non-performing (Nonaccrual) Loans Held for Investment | Nonaccrual LHFI were as follows:
| Nonaccrual With No Allowance for Credit Loss |  | Nonaccrual
(Dollars in thousands) Loans secured by real estate: | December 31, 2021 |  | December 31, 2020 |  | December 31, 2021 |  | December 31, 2020
Commercial real estate | $ | 453 |  |  | $ | 1,053 |  |  | $ | 512 |  |  | $ | 3,704 |
Construction/land/land development | 52 |  |  | 1,319 |  |  | 338 |  |  | 2,962 |
Residential real estate | 7,684 |  |  | 2,436 |  |  | 11,647 |  |  | 6,530 |
Total real estate | 8,189 |  |  | 4,808 |  |  | 12,497 |  |  | 13,196 |
Commercial and industrial | 58 |  |  | 82 |  |  | 12,306 |  |  | 12,897 |
Consumer | — |  |  | — |  |  | 100 |  |  | 56 |
Total nonaccrual loans | $ | 8,247 |  |  | $ | 4,890 |  |  | $ | 24,903 |  |  | $ | 26,149 |
Loans Classified as Troubled Debt Restructurings (TDRs) | Loans classified as TDRs, excluding the impact of forbearances granted due to COVID-19, were as follows:
(Dollars in thousands) | December 31, 2021 |  | December 31, 2020 |  |
TDRs |  |  |  |  |
Nonaccrual TDRs | $ | 4,064 |  |  | $ | 5,671 |  |  |
Performing TDRs | 2,763 |  |  | 3,314 |  |  |
Total | $ | 6,827 |  |  | $ | 8,985 |  |  |
The tables below summarize loans classified as TDRs by loan and concession type during the dates indicated.
| Year Ended December 31, 2021
(Dollars in thousands) | Number of Loans Restructured |  | Pre-Modification Recorded Balance |  | Term Concessions |  | Interest Rate Concessions |  | Combination of Term and Rate Concessions |  | Total Modifications
Residential real estate | 1 |  |  | $ | 31 |  |  | $ | 26 |  |  | $ | — |  |  | $ | — |  |  | $ | 26 |
Commercial and industrial | 1 |  |  | 100 |  |  | 100 |  |  | — |  |  | — |  |  | 100 |
Total | 2 |  |  | $ | 131 |  |  | $ | 126 |  |  | $ | — |  |  | $ | — |  |  | $ | 126 |
| Year Ended December 31, 2020
(Dollars in thousands) | Number of Loans Restructured |  | Pre-Modification Recorded Balance |  | Term Concessions |  | Interest Rate Concessions |  | Combination of Term and Rate Concessions |  | Total Modifications
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 2 |  |  | $ | 1,696 |  |  | $ | 1,694 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,694 |
Residential real estate | 5 |  |  | 1,212 |  |  | — |  |  | 177 |  |  | 877 |  |  | 1,054 |
Total real estate | 7 |  |  | 2,908 |  |  | 1,694 |  |  | 177 |  |  | 877 |  |  | 2,748 |
Commercial and industrial | 5 |  |  | 217 |  |  | 193 |  |  | — |  |  | — |  |  | 193 |
Consumer | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 2 |  |  | 2 |
Total | 13 |  |  | $ | 3,127 |  |  | $ | 1,887 |  |  | $ | 177 |  |  | $ | 879 |  |  | $ | 2,943 |
| Year Ended December 31, 2019
(Dollars in thousands) | Number of Loans Restructured |  | Pre-Modification Recorded Balance |  | Term Concessions |  | Interest Rate Concessions |  | Combination of Term and Rate Concessions |  | Total Modifications
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |
Construction/land/land development | 1 |  |  | $ | 361 |  |  | $ | — |  |  | $ | — |  |  | $ | 343 |  |  | $ | 343 |
Residential real estate | 2 |  |  | 2,516 |  |  | — |  |  | — |  |  | 2,410 |  |  | 2,410 |
Total real estate | 3 |  |  | 2,877 |  |  | — |  |  | — |  |  | 2,753 |  |  | 2,753 |
Commercial and industrial | 5 |  |  | 1,314 |  |  | 852 |  |  | — |  |  | — |  |  | 852 |
Consumer | 1 |  |  | 11 |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Total | 9 |  |  | $ | 4,202 |  |  | $ | 861 |  |  | $ | — |  |  | $ | 2,753 |  |  | $ | 3,614 |

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