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Loans Receivable (Tables) | 12 Months Ended
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Dec. 31, 2020
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of loans receivable | The amortized cost of loans receivable, net of ACL on loans at December 31, 2020 and December 31, 2019 consisted of the following portfolio segments and classes:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 733,098 |  |  | $ | 852,220 |
SBA PPP | 715,121 |  |  | — |
Owner-occupied CRE | 856,684 |  |  | 805,234 |
Non-owner occupied CRE | 1,410,303 |  |  | 1,288,779 |
Total commercial business | 3,715,206 |  |  | 2,946,233 |
Residential real estate | 122,756 |  |  | 131,660 |
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Real estate construction and land development: |  |  |
Residential | 78,259 |  |  | 104,296 |
Commercial and multifamily | 227,454 |  |  | 170,350 |
Total real estate construction and land development | 305,713 |  |  | 274,646 |
Consumer | 324,972 |  |  | 415,340 |
Loans receivable | 4,468,647 |  |  | 3,767,879 |
Allowance for credit losses on loans | (70,185) |  |  | (36,171) |
Loans receivable, net | $ | 4,398,462 |  |  | $ | 3,731,708 |
Balances included in amortized cost of Loans receivable: |  |  |
Unamortized net discount on acquired loans | $ | 6,575 |  |  | $ | 8,371 |
Unamortized net deferred (fee) cost | $ | (15,458) |  |  | $ | 2,441 |
Loans receivable by credit quality indicator | The following table presents the amortized cost of loans receivable by risk grade as of December 31, 2020:
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term Loans (1) |  | Loans Receivable
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  |  |
| (In thousands)
Commercial business:
Commercial and industrial
Pass | $ | 118,971 |  |  | $ | 127,919 |  |  | $ | 70,766 |  |  | $ | 44,231 |  |  | $ | 37,658 |  |  | $ | 95,958 |  |  | $ | 121,440 |  |  | $ | 819 |  |  | $ | 617,762 |
SM | 14,430 |  |  | 9,162 |  |  | 10,878 |  |  | 4,171 |  |  | 5,700 |  |  | 3,579 |  |  | 11,790 |  |  | 814 |  |  | 60,524 |
SS | 2,199 |  |  | 11,835 |  |  | 3,416 |  |  | 9,348 |  |  | 1,052 |  |  | 7,651 |  |  | 15,484 |  |  | 3,827 |  |  | 54,812 |
Total | 135,600 |  |  | 148,916 |  |  | 85,060 |  |  | 57,750 |  |  | 44,410 |  |  | 107,188 |  |  | 148,714 |  |  | 5,460 |  |  | 733,098 |
SBA PPP
Pass | 715,121 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 715,121 |
Total | 715,121 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 715,121 |
Owner-occupied CRE
Pass | 89,224 |  |  | 167,095 |  |  | 94,830 |  |  | 80,138 |  |  | 74,902 |  |  | 254,864 |  |  | — |  |  | — |  |  | 761,053 |
SM | 6,146 |  |  | 4,540 |  |  | 16,386 |  |  | 11,231 |  |  | 5,464 |  |  | 12,105 |  |  | — |  |  | — |  |  | 55,872 |
SS | — |  |  | — |  |  | 114 |  |  | 7,320 |  |  | 3,313 |  |  | 29,012 |  |  | — |  |  | — |  |  | 39,759 |
Total | 95,370 |  |  | 171,635 |  |  | 111,330 |  |  | 98,689 |  |  | 83,679 |  |  | 295,981 |  |  | — |  |  | — |  |  | 856,684 |
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term Loans (1) |  | Loans Receivable
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  |  |
| (In thousands)
Non-owner occupied CRE
Pass | 197,548 |  |  | 173,153 |  |  | 148,830 |  |  | 172,438 |  |  | 240,614 |  |  | 406,817 |  |  | — |  |  | — |  |  | 1,339,400 |
SM | — |  |  | 1,979 |  |  | 357 |  |  | 2,448 |  |  | 6,210 |  |  | 3,539 |  |  | — |  |  | — |  |  | 14,533 |
SS | — |  |  | — |  |  | 3,623 |  |  | — |  |  | 35,455 |  |  | 17,292 |  |  | — |  |  | — |  |  | 56,370 |
Total | 197,548 |  |  | 175,132 |  |  | 152,810 |  |  | 174,886 |  |  | 282,279 |  |  | 427,648 |  |  | — |  |  | — |  |  | 1,410,303 |
Total commercial business
Pass | 1,120,864 |  |  | 468,167 |  |  | 314,426 |  |  | 296,807 |  |  | 353,174 |  |  | 757,639 |  |  | 121,440 |  |  | 819 |  |  | 3,433,336 |
SM | 20,576 |  |  | 15,681 |  |  | 27,621 |  |  | 17,850 |  |  | 17,374 |  |  | 19,223 |  |  | 11,790 |  |  | 814 |  |  | 130,929 |
SS | 2,199 |  |  | 11,835 |  |  | 7,153 |  |  | 16,668 |  |  | 39,820 |  |  | 53,955 |  |  | 15,484 |  |  | 3,827 |  |  | 150,941 |
Total | 1,143,639 |  |  | 495,683 |  |  | 349,200 |  |  | 331,325 |  |  | 410,368 |  |  | 830,817 |  |  | 148,714 |  |  | 5,460 |  |  | 3,715,206 |
Residential real estate
Pass | 30,141 |  |  | 41,829 |  |  | 15,730 |  |  | 10,362 |  |  | 7,322 |  |  | 16,825 |  |  | — |  |  | — |  |  | 122,209 |
SS | — |  |  | — |  |  | — |  |  | 59 |  |  | — |  |  | 488 |  |  | — |  |  | — |  |  | 547 |
Total | 30,141 |  |  | 41,829 |  |  | 15,730 |  |  | 10,421 |  |  | 7,322 |  |  | 17,313 |  |  | — |  |  | — |  |  | 122,756 |
Real estate construction and land development:
Residential
Pass | 33,801 |  |  | 36,697 |  |  | 2,725 |  |  | 1,097 |  |  | 971 |  |  | 1,042 |  |  | — |  |  | — |  |  | 76,333 |
SS | — |  |  | — |  |  | — |  |  | 1,926 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,926 |
Total | 33,801 |  |  | 36,697 |  |  | 2,725 |  |  | 3,023 |  |  | 971 |  |  | 1,042 |  |  | — |  |  | — |  |  | 78,259 |
Commercial and multifamily
Pass | 27,423 |  |  | 151,020 |  |  | 38,682 |  |  | 5,660 |  |  | 689 |  |  | 1,407 |  |  | — |  |  | — |  |  | 224,881 |
SM | 67 |  |  | 1,011 |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | — |  |  | 1,107 |
SS | 572 |  |  | 450 |  |  | — |  |  | — |  |  | — |  |  | 444 |  |  | — |  |  | — |  |  | 1,466 |
Total | 28,062 |  |  | 152,481 |  |  | 38,682 |  |  | 5,660 |  |  | 689 |  |  | 1,880 |  |  | — |  |  | — |  |  | 227,454 |
Total real estate construction and land development
Pass | 61,224 |  |  | 187,717 |  |  | 41,407 |  |  | 6,757 |  |  | 1,660 |  |  | 2,449 |  |  | — |  |  | — |  |  | 301,214 |
SM | 67 |  |  | 1,011 |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | — |  |  | 1,107 |
SS | 572 |  |  | 450 |  |  | — |  |  | 1,926 |  |  | — |  |  | 444 |  |  | — |  |  | — |  |  | 3,392 |
Total | 61,863 |  |  | 189,178 |  |  | 41,407 |  |  | 8,683 |  |  | 1,660 |  |  | 2,922 |  |  | — |  |  | — |  |  | 305,713 |
Consumer
Pass | 43,742 |  |  | 77,083 |  |  | 53,195 |  |  | 30,559 |  |  | 13,443 |  |  | 15,453 |  |  | 87,547 |  |  | 315 |  |  | 321,337 |
SS | 34 |  |  | 404 |  |  | 684 |  |  | 648 |  |  | 420 |  |  | 1,319 |  |  | 78 |  |  | 48 |  |  | 3,635 |
Total | 43,776 |  |  | 77,487 |  |  | 53,879 |  |  | 31,207 |  |  | 13,863 |  |  | 16,772 |  |  | 87,625 |  |  | 363 |  |  | 324,972 |
Loans receivable
Pass | 1,255,971 |  |  | 774,796 |  |  | 424,758 |  |  | 344,485 |  |  | 375,599 |  |  | 792,366 |  |  | 208,987 |  |  | 1,134 |  |  | 4,178,096 |
SM | 20,643 |  |  | 16,692 |  |  | 27,621 |  |  | 17,850 |  |  | 17,374 |  |  | 19,252 |  |  | 11,790 |  |  | 814 |  |  | 132,036 |
SS | 2,805 |  |  | 12,689 |  |  | 7,837 |  |  | 19,301 |  |  | 40,240 |  |  | 56,206 |  |  | 15,562 |  |  | 3,875 |  |  | 158,515 |
Total | $ | 1,279,419 |  |  | $ | 804,177 |  |  | $ | 460,216 |  |  | $ | 381,636 |  |  | $ | 433,213 |  |  | $ | 867,824 |  |  | $ | 236,339 |  |  | $ | 5,823 |  |  | $ | 4,468,647 |
(1) Represents loans receivable balance at December 31, 2020 which was converted from a revolving loan to an amortizing loan during the year ended December 31, 2020. The following table presents the amortized cost of loans receivable by credit quality indicator as of December 31, 2019 in accordance with disclosure requirements prior to CECL Adoption:
| December 31, 2019
| Pass |  | Special Mention |  | Substandard |  | Doubtful/Loss |  | Total
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 771,559 |  |  | $ | 16,340 |  |  | $ | 64,321 |  |  | $ | — |  |  | $ | 852,220 |
Owner-occupied CRE | 765,411 |  |  | 24,659 |  |  | 15,164 |  |  | — |  |  | 805,234 |
Non-owner occupied CRE | 1,274,513 |  |  | 5,662 |  |  | 8,604 |  |  | — |  |  | 1,288,779 |
Total commercial business | 2,811,483 |  |  | 46,661 |  |  | 88,089 |  |  | — |  |  | 2,946,233 |
Residential real estate | 130,818 |  |  | — |  |  | 842 |  |  | — |  |  | 131,660 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | 101,973 |  |  | 1,516 |  |  | 807 |  |  | — |  |  | 104,296 |
Commercial and multifamily | 169,668 |  |  | 682 |  |  | — |  |  | — |  |  | 170,350 |
Total real estate construction and land development | 271,641 |  |  | 2,198 |  |  | 807 |  |  | — |  |  | 274,646 |
Consumer | 411,141 |  |  | — |  |  | 3,675 |  |  | 524 |  |  | 415,340 |
Loans receivable | $ | 3,625,083 |  |  | $ | 48,859 |  |  | $ | 93,413 |  |  | $ | 524 |  |  | $ | 3,767,879 |
Schedule of nonaccrual loans | The following table presents the amortized cost of nonaccrual loans for the dates indicated:
| December 31, 2020 |  | December 31, 2019
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual |  | Nonaccrual (1)
| (In thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | 22,039 |  |  | $ | 9,208 |  |  | $ | 31,247 |  |  | $ | 33,544 |
Owner-occupied CRE | 4,693 |  |  | 13,700 |  |  | 18,393 |  |  | 4,714 |
Non-owner occupied CRE | 3,424 |  |  | 3,722 |  |  | 7,146 |  |  | 6,062 |
Total commercial business | 30,156 |  |  | 26,630 |  |  | 56,786 |  |  | 44,320 |
Residential real estate | 67 |  |  | 117 |  |  | 184 |  |  | 19 |
Real estate construction and land development: |  |  |  |  |  |  |
Commercial and multifamily | 572 |  |  | 450 |  |  | 1,022 |  |  | — |
Consumer | 31 |  |  | 69 |  |  | 100 |  |  | 186 |
Total | $ | 30,826 |  |  | $ | 27,266 |  |  | $ | 58,092 |  |  | $ | 44,525 |
(1) Presentation of December 31, 2019 balances is in accordance with disclosure requirements prior to CECL Adoption. The following table presents the reversal of interest income on loans due to the write-off of accrued interest receivable upon the initial classification of loans as nonaccrual loans and the interest income recognized due to payment in full of previously classified nonaccrual loans during the following periods:
| December 31, 2020 |  | December 31, 2019
| Interest Income Reversed |  | Interest Income Recognized |  | Interest Income Reversed |  | Interest Income Recognized
| (In thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | (95) |  |  | $ | 434 |  |  | $ | (552) |  |  | $ | 147 |
Owner-occupied CRE | (238) |  |  | 89 |  |  | — |  |  | 228 |
Non-owner occupied CRE | (208) |  |  | 67 |  |  | (32) |  |  | 181 |
Total commercial business | (541) |  |  | 590 |  |  | (584) |  |  | 556 |
Residential real estate | (2) |  |  | 2 |  |  | — |  |  | — |
Real estate construction and land development: |  |  |  |  |  |  |
Residential | — |  |  | — |  |  | (3) |  |  | 33 |
Commercial and multifamily | (11) |  |  | — |  |  | — |  |  | — |
Total real estate construction and land development | (11) |  |  | — |  |  | (3) |  |  | 33 |
Consumer | (1) |  |  | 47 |  |  | — |  |  | 6 |
Total | $ | (555) |  |  | $ | 639 |  |  | $ | (587) |  |  | $ | 595 |
Past due financing receivables | The amortized cost of past due loans as of December 31, 2020 were as follows:
| December 31, 2020
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 4,621 |  |  | $ | 8,082 |  |  | $ | 12,703 |  |  | $ | 720,395 |  |  | $ | 733,098 |
SBA PPP | — |  |  | — |  |  | — |  |  | 715,121 |  |  | 715,121 |
Owner-occupied CRE | 991 |  |  | 403 |  |  | 1,394 |  |  | 855,290 |  |  | 856,684 |
Non-owner occupied CRE | 412 |  |  | 1,970 |  |  | 2,382 |  |  | 1,407,921 |  |  | 1,410,303 |
Total commercial business | 6,024 |  |  | 10,455 |  |  | 16,479 |  |  | 3,698,727 |  |  | 3,715,206 |
Residential real estate | 765 |  |  | 16 |  |  | 781 |  |  | 121,975 |  |  | 122,756 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | — |  |  | — |  |  | — |  |  | 78,259 |  |  | 78,259 |
Commercial and multifamily | 2,225 |  |  | — |  |  | 2,225 |  |  | 225,229 |  |  | 227,454 |
Total real estate construction and land development | 2,225 |  |  | — |  |  | 2,225 |  |  | 303,488 |  |  | 305,713 |
Consumer | 1,407 |  |  | 30 |  |  | 1,437 |  |  | 323,535 |  |  | 324,972 |
Total | $ | 10,421 |  |  | $ | 10,501 |  |  | $ | 20,922 |  |  | $ | 4,447,725 |  |  | $ | 4,468,647 |
The following table presents the amortized cost of past due loans as of December 31, 2019 in accordance with disclosure requirements prior to CECL Adoption:
| December 31, 2019
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Total |  | PCI Loans |  | Loans Receivable
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 10,479 |  |  | $ | 6,772 |  |  | $ | 17,251 |  |  | $ | 832,601 |  |  | $ | 849,852 |  |  | $ | 2,368 |  |  | $ | 852,220 |
Owner-occupied CRE | 607 |  |  | 806 |  |  | 1,413 |  |  | 798,907 |  |  | 800,320 |  |  | 4,914 |  |  | 805,234 |
Non-owner occupied CRE | 554 |  |  | 1,843 |  |  | 2,397 |  |  | 1,280,891 |  |  | 1,283,288 |  |  | 5,491 |  |  | 1,288,779 |
Total commercial business | 11,640 |  |  | 9,421 |  |  | 21,061 |  |  | 2,912,399 |  |  | 2,933,460 |  |  | 12,773 |  |  | 2,946,233 |
Residential real estate | 797 |  |  | — |  |  | 797 |  |  | 127,288 |  |  | 128,085 |  |  | 3,575 |  |  | 131,660 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | 1,516 |  |  | — |  |  | 1,516 |  |  | 102,780 |  |  | 104,296 |  |  | — |  |  | 104,296 |
Commercial and multifamily | — |  |  | — |  |  | — |  |  | 170,350 |  |  | 170,350 |  |  | — |  |  | 170,350 |
Total real estate construction and land development | 1,516 |  |  | — |  |  | 1,516 |  |  | 273,130 |  |  | 274,646 |  |  | — |  |  | 274,646 |
Consumer | 2,071 |  |  | — |  |  | 2,071 |  |  | 411,507 |  |  | 413,578 |  |  | 1,762 |  |  | 415,340 |
Total | $ | 16,024 |  |  | $ | 9,421 |  |  | $ | 25,445 |  |  | $ | 3,724,324 |  |  | $ | 3,749,769 |  |  | $ | 18,110 |  |  | $ | 3,767,879 |
Loans and Lease Receivable Collateral for Secured Borrowings | The type of collateral securing loans individually evaluated for credit losses and for which the repayment was expected to be provided substantially through the operation or sale of the collateral as of December 31, 2020 were as follows:
| Loans receivable(1)
| CRE |  | Farmland |  | Residential Real Estate |  | Equipment or Accounts Receivable |  | Other |  | Total
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,893 |  |  | $ | 18,738 |  |  | $ | 584 |  |  | $ | 774 |  |  | $ | 631 |  |  | $ | 22,620 |
Owner-occupied CRE | 4,693 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,693 |
Non-owner occupied CRE | 3,424 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,424 |
Total commercial business | 10,010 |  |  | 18,738 |  |  | 584 |  |  | 774 |  |  | 631 |  |  | 30,737 |
Residential real estate | — |  |  | — |  |  | 67 |  |  | — |  |  | — |  |  | 67 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily | 572 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 572 |
Consumer | — |  |  | — |  |  | 30 |  |  | — |  |  | — |  |  | 30 |
Total | $ | 10,582 |  |  | $ | 18,738 |  |  | $ | 681 |  |  | $ | 774 |  |  | $ | 631 |  |  | $ | 31,406 |
(1) Balances represent the amortized cost of the loan. If multiple collateral sources secure the loan, the entire balance is presented in the primary collateral category, which generally represents the majority of the collateral balance. The amortized cost of impaired loans as of December 31, 2019 is set forth in the following table:
| December 31, 2019
| Amortized Cost With No Specific Valuation Allowance |  | Amortized Cost With Specific Valuation Allowance |  | Total Amortized Cost |  | Outstanding Principal Balance |  | Related Specific Valuation Allowance
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 30,179 |  |  | $ | 13,629 |  |  | $ | 43,808 |  |  | $ | 45,585 |  |  | $ | 1,372 |
Owner-occupied CRE | 3,921 |  |  | 2,415 |  |  | 6,336 |  |  | 6,764 |  |  | 426 |
Non-owner occupied CRE | 5,309 |  |  | 1,015 |  |  | 6,324 |  |  | 6,458 |  |  | 146 |
Total commercial business | 39,409 |  |  | 17,059 |  |  | 56,468 |  |  | 58,807 |  |  | 1,944 |
Residential real estate | — |  |  | 215 |  |  | 215 |  |  | 223 |  |  | 56 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | 237 |  |  | — |  |  | 237 |  |  | 237 |  |  | — |
Consumer | — |  |  | 561 |  |  | 561 |  |  | 570 |  |  | 143 |
Total | $ | 39,646 |  |  | $ | 17,835 |  |  | $ | 57,481 |  |  | $ | 59,837 |  |  | $ | 2,143 |
Schedule of average recorded investment impaired loans including restructuring loans | The average amortized cost of impaired loans for the year ended December 31, 2019 and 2018 are set forth in the following table:
| Year Ended December 31,
| 2019 |  | 2018
| (In thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 31,905 |  |  | $ | 16,773 |
Owner-occupied CRE | 6,008 |  |  | 11,313 |
Non-owner occupied CRE | 7,751 |  |  | 9,463 |
Total commercial business | 45,664 |  |  | 37,549 |
Residential real estate | 242 |  |  | 290 |
Real estate construction and land development: |  |  |
Residential | 682 |  |  | 1,091 |
Commercial and multifamily | — |  |  | 129 |
Total real estate construction and land development | 682 |  |  | 1,220 |
Consumer | 576 |  |  | 430 |
Total | $ | 47,164 |  |  | $ | 39,489 |
Troubled debt restructurings on financing receivables | Loans that were modified as TDR loans are set forth in the following table for the periods indicated:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| Number of Contracts (2) |  | Amortized Cost (1) (2) |  | Number of Contracts (2) |  | Amortized Cost (1) (2) |  | Number of Contracts (2) |  | Amortized Cost (1) (2)
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 75 |  | $ | 36,118 |  |  | 44 |  | $ | 31,122 |  |  | 31 |  | $ | 16,132 |
Owner-occupied CRE | 14 |  | 19,326 |  |  | 4 |  | 1,695 |  |  | 4 |  | 2,521 |
Non-owner occupied CRE | 9 |  |  | 25,728 |  |  | 4 |  |  | 2,208 |  |  | 3 |  | 2,944 |
Total commercial business | 98 |  | 81,172 |  |  | 52 |  | 35,025 |  |  | 38 |  | 21,597 |
Residential real estate | 1 |  | 22 |  |  | — |  | — |  |  | — |  | — |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |
Residential | 4 |  | 1,926 |  |  | 1 |  | 237 |  |  | 2 |  | 665 |
Commercial and multifamily | 1 |  |  | 450 |  |  | — |  |  | — |  |  | — |  |  | — |
Total real estate construction and land development | 5 |  |  | 2,376 |  |  | 1 |  |  | 237 |  |  | 2 |  |  | 665 |
Consumer | 48 |  | 1,198 |  |  | 12 |  | 157 |  |  | 13 |  | 243 |
Total | 152 |  | $ | 84,768 |  |  | 65 |  | $ | 35,419 |  |  | 53 |  | $ | 22,505 |
(1)Number of contracts and amortized cost represent loans which have balances as of period end, net of subsequent payments after modifications. Certain modified loans may have been paid-down or charged-off during the years ended December 31, 2020, 2019 and 2018. (2) As the Bank did not forgive any principal or interest balance as part of the loan modifications, the Bank’s amortized cost in each loan at the date of modification (pre-modification) did not change as a result of the modification (post-modification).
Troubled debt restructuring loans, subsequently defaulted | The following table presents loans that were modified in a troubled debt restructure and subsequently defaulted within twelve months from the modification date during the periods indicated:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| Number of Contracts (1) |  | Amortized Cost (1) |  | Number of Contracts (1) |  | Amortized Cost (1) |  | Number of Contracts (1) |  | Amortized Cost (1)
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | 4 |  |  | $ | 2,136 |  |  | 13 |  |  | $ | 12,854 |  |  | 5 |  |  | $ | 1,890 |
Owner-occupied CRE | 2 |  |  | 1,369 |  |  | 3 |  |  | 1,142 |  |  | 1 |  |  | 65 |
Non-owner occupied CRE | 2 |  |  | 1,811 |  |  | 1 |  |  | 52 |  |  | — |  |  | — |
Total commercial business | 8 |  |  | 5,316 |  |  | 17 |  | 14,048 |  |  | 6 |  |  | 1955
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| Number of Contracts (1) |  | Amortized Cost (1) |  | Number of Contracts (1) |  | Amortized Cost (1) |  | Number of Contracts (1) |  | Amortized Cost (1)
| (Dollars in thousands)
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |
Residential | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 665 |
Total | 8 |  | $ | 5,316 |  |  | 17 |  | $ | 14,048 |  |  | 8 |  |  | $ | 2,620 |
(1)Number of contracts and amortized cost represent loans which have balances as of period end, net of subsequent payments after modifications. Certain modified loans may have been paid-down or charged-off during the years ended December 31, 2020, 2019 and 2018.
Purchased impaired loans | The following table reflects the outstanding principal balance and amortized cost of PCI loans at December 31, 2019:
| December 31, 2019
| Outstanding Principal |  | Amortized Cost
| (In thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 4,439 |  |  | $ | 2,368 |
Owner-occupied CRE | 4,925 |  |  | 4,914 |
Non-owner occupied CRE | 7,028 |  |  | 5,491 |
Total commercial business | 16,392 |  |  | 12,773 |
Residential real estate | 3,095 |  |  | 3,575 |
Consumer | 1,463 |  |  | 1,762 |
Total | $ | 20,950 |  |  | $ | 18,110 |
Schedule of impaired purchased loans accretable yield | The following table summarizes the accretable yield on the PCI loans during the periods indicated:
| Year Ended December 31,
| 2019 |  | 2018
| (In thousands)
Balance at the beginning of the year | $ | 9,493 |  |  | $ | 11,224 |
Accretion | (1,936) |  |  | (2,674) |
Disposal and other | (1,600) |  |  | (2,871) |
Reclassification from nonaccretable difference | 884 |  |  | 3,814 |
Balance at the end of the year | $ | 6,841 |  |  | $ | 9,493 |
Activity in related party loans | Activity in related party loans during the periods indicated was as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Balance outstanding at the beginning of year | $ | 8,144 |  |  | $ | 8,367 |  |  | $ | 8,460 |
Principal additions | 199 |  |  | — |  |  | 211 |
Principal reductions | (649) |  |  | (223) |  |  | (304) |
Balance outstanding at the end of year | $ | 7,694 |  |  | $ | 8,144 |  |  | $ | 8,367 |
Mortgage banking activities | The following table presents information concerning the origination and sale of the Bank's residential real estate loans and the gains from their sale:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Residential real estate: |  |  |  |  |
Originated (1) | $ | 191,207 |  |  | $ | 150,030 |  |  | $ | 121,998 |
Sold | 137,580 |  |  | 68,238 |  |  | 76,834 |
Gain on sale of loans, net (2) | 5,044 |  |  | 2,159 |  |  | 2,403 |
(1) Includes loans originated for sale in the secondary market or for the Bank's loan portfolio. (2) Excludes net gains on sales of SBA and other loans.
Contractual amounts of commitments to sell and fund with off-balance sheet risk | The contractual amounts of commitments to sell and fund residential real estate loans at December 31, 2020 and December 31, 2019 were as follows:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Commitments to sell residential real estate loans | $ | 18,127 |  |  | $ | 8,815 |
Commitments to fund residential real estate loans (at interest rates approximating market rates) for portfolio or for sale: |  |  |
Fixed rate | 19,640 |  |  | 15,509 |
Variable or adjustable rate | 98 |  |  | 3,111 |
Total commitments to fund residential real estate loans | $ | 19,738 |  |  | $ | 18,620 |
Details of SBNA loans serviced | Details of loans serviced for others are as follows:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Loans serviced for others with participating interest, gross loan balance | $ | 32,131 |  |  | $ | 40,616 |
Loans serviced for others with participating interest, participation balance owned by Bank (1) | 7,842 |  |  | 9,850 |
(1) Included in the balance of loans receivable on the Consolidated Statements of Financial Condition.

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