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Loans Receivable (Tables) | 6 Months Ended
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Jun. 30, 2021
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of loan origination and risk management | The amortized cost of loans receivable, net of ACL on loans at June 30, 2021 and December 31, 2020 consisted of the following portfolio segments and classes:
| June 30, 2021 |  | December 31, 2020
| (In thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 651,915 |  |  | $ | 733,098 |
SBA PPP | 544,250 |  |  | 715,121 |
Owner-occupied CRE | 865,662 |  |  | 856,684 |
Non-owner occupied CRE | 1,425,238 |  |  | 1,410,303 |
Total commercial business | 3,487,065 |  |  | 3,715,206 |
Residential real estate | 120,148 |  |  | 122,756 |
| June 30, 2021 |  | December 31, 2020
| (In thousands)
Real estate construction and land development: |  |  |
Residential | 88,601 |  |  | 78,259 |
Commercial and multifamily | 239,979 |  |  | 227,454 |
Total real estate construction and land development | 328,580 |  |  | 305,713 |
Consumer | 271,737 |  |  | 324,972 |
Loans receivable | 4,207,530 |  |  | 4,468,647 |
Allowance for credit losses on loans | (51,562) |  |  | (70,185) |
Loans receivable, net | $ | 4,155,968 |  |  | $ | 4,398,462 |
Balances included in the amortized cost of Loans receivable: |  |  |
Unamortized net discount on acquired loans | $ | (5,006) |  |  | $ | (6,575) |
Unamortized net deferred fee | $ | (17,994) |  |  | $ | (15,458) |
The following table presents the amortized cost of loans receivable by risk grade as of June 30, 2021 and December 31, 2020:
| June 30, 2021 |  |  |  |  |  |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term Loans (1) |  | Loans Receivable |  |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  |  |  |  |
| (In thousands)
Commercial business: |  |
Commercial and industrial |  |
Pass | $ | 51,172 |  |  | $ | 112,717 |  |  | $ | 111,892 |  |  | $ | 59,450 |  |  | $ | 36,904 |  |  | $ | 112,403 |  |  | $ | 102,256 |  |  | $ | 989 |  |  | $ | 587,783 |  |  |
SM | 1,003 |  |  | 904 |  |  | 6,618 |  |  | 6,553 |  |  | 3,036 |  |  | 5,787 |  |  | 5,446 |  |  | — |  |  | 29,347 |  |  |
SS | 1,133 |  |  | 1,422 |  |  | 6,101 |  |  | 1,669 |  |  | 4,376 |  |  | 7,888 |  |  | 11,453 |  |  | 743 |  |  | 34,785 |  |  |
Total | 53,308 |  |  | 115,043 |  |  | 124,611 |  |  | 67,672 |  |  | 44,316 |  |  | 126,078 |  |  | 119,155 |  |  | 1,732 |  |  | 651,915 |  |  |
SBA PPP |  |
Pass | 347,813 |  |  | 196,437 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 544,250 |  |  |
Owner-occupied CRE |  |
Pass | 57,984 |  |  | 89,380 |  |  | 162,488 |  |  | 93,738 |  |  | 70,985 |  |  | 298,991 |  |  | — |  |  | 75 |  |  | 773,641 |  |  |
SM | — |  |  | 5,219 |  |  | 5,257 |  |  | 12,922 |  |  | 10,472 |  |  | 17,373 |  |  | — |  |  | — |  |  | 51,243 |  |  |
SS | — |  |  | 694 |  |  | — |  |  | 3,818 |  |  | 7,083 |  |  | 29,183 |  |  | — |  |  | — |  |  | 40,778 |  |  |
Total | 57,984 |  |  | 95,293 |  |  | 167,745 |  |  | 110,478 |  |  | 88,540 |  |  | 345,547 |  |  | — |  |  | 75 |  |  | 865,662 |  |  |
Non-owner occupied CRE |  |
Pass | 67,602 |  |  | 184,174 |  |  | 189,439 |  |  | 144,247 |  |  | 167,605 |  |  | 598,127 |  |  | — |  |  | — |  |  | 1,351,194 |  |  |
SM | — |  |  | 5,094 |  |  | 1,971 |  |  | 353 |  |  | 2,293 |  |  | 10,016 |  |  | — |  |  | — |  |  | 19,727 |  |  |
SS | — |  |  | — |  |  | — |  |  | 3,623 |  |  | — |  |  | 50,694 |  |  | — |  |  | — |  |  | 54,317 |  |  |
Total | 67,602 |  |  | 189,268 |  |  | 191,410 |  |  | 148,223 |  |  | 169,898 |  |  | 658,837 |  |  | — |  |  | — |  |  | 1,425,238 |  |  |
Total commercial business |  |
Pass | 524,571 |  |  | 582,708 |  |  | 463,819 |  |  | 297,435 |  |  | 275,494 |  |  | 1,009,521 |  |  | 102,256 |  |  | 1,064 |  |  | 3,256,868 |  |  |
SM | 1,003 |  |  | 11,217 |  |  | 13,846 |  |  | 19,828 |  |  | 15,801 |  |  | 33,176 |  |  | 5,446 |  |  | — |  |  | 100,317 |  |  |
SS | 1,133 |  |  | 2,116 |  |  | 6,101 |  |  | 9,110 |  |  | 11,459 |  |  | 87,765 |  |  | 11,453 |  |  | 743 |  |  | 129,880 |  |  |
Total | 526,707 |  |  | 596,041 |  |  | 483,766 |  |  | 326,373 |  |  | 302,754 |  |  | 1,130,462 |  |  | 119,155 |  |  | 1,807 |  |  | 3,487,065 |  |  |
Residential real estate |  |
Pass | 24,279 |  |  | 26,181 |  |  | 31,274 |  |  | 8,876 |  |  | 9,210 |  |  | 19,557 |  |  | — |  |  | — |  |  | 119,377 |  |  |
SS | — |  |  | — |  |  | — |  |  | — |  |  | 57 |  |  | 714 |  |  | — |  |  | — |  |  | 771 |  |  |
Total | 24,279 |  |  | 26,181 |  |  | 31,274 |  |  | 8,876 |  |  | 9,267 |  |  | 20,271 |  |  | — |  |  | — |  |  | 120,148 |  |  |
Real estate construction and land development: |  |
Residential |  |
Pass | 23,444 |  |  | 38,628 |  |  | 21,658 |  |  | 2,674 |  |  | 401 |  |  | 1,796 |  |  | — |  |  | — |  |  | 88,601 |  |  |
Commercial and multifamily |  |
Pass | 16,787 |  |  | 42,010 |  |  | 152,906 |  |  | 22,387 |  |  | 1,941 |  |  | 2,436 |  |  | — |  |  | — |  |  | 238,467 |  |  |
SS | — |  |  | 636 |  |  | 443 |  |  | — |  |  | — |  |  | 433 |  |  | — |  |  | — |  |  | 1,512 |  |  |
Total | 16,787 |  |  | 42,646 |  |  | 153,349 |  |  | 22,387 |  |  | 1,941 |  |  | 2,869 |  |  | — |  |  | — |  |  | 239,979 |  |  |
Total real estate construction and land development
Pass | 40,231 |  |  | 80,638 |  |  | 174,564 |  |  | 25,061 |  |  | 2,342 |  |  | 4,232 |  |  | — |  |  | — |  |  | 327,068 |  |  |
SS | — |  |  | 636 |  |  | 443 |  |  | — |  |  | — |  |  | 433 |  |  | — |  |  | — |  |  | 1,512 |  |  |
Total | 40,231 |  |  | 81,274 |  |  | 175,007 |  |  | 25,061 |  |  | 2,342 |  |  | 4,665 |  |  | — |  |  | — |  |  | 328,580 |  |  |
Consumer |  |
Pass | 11,396 |  |  | 20,456 |  |  | 60,434 |  |  | 40,325 |  |  | 21,866 |  |  | 19,613 |  |  | 94,243 |  |  | 193 |  |  | 268,526 |  |  |
SS | — |  |  | 147 |  |  | 712 |  |  | 652 |  |  | 608 |  |  | 1,055 |  |  | 33 |  |  | 4 |  |  | 3,211 |  |  |
Total | 11,396 |  |  | 20,603 |  |  | 61,146 |  |  | 40,977 |  |  | 22,474 |  |  | 20,668 |  |  | 94,276 |  |  | 197 |  |  | 271,737 |  |  |
| June 30, 2021 |  |  |  |  |  |  |  |
| Term Loans Amortized Cost Basis by Origination Year |  | Revolving Loans |  | Revolving Loans Converted to Term Loans (1) |  | Loans Receivable |  |
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 |  | Prior |  |  |  |  |
Loans receivable |  |
Pass | 600,477 |  |  | 709,983 |  |  | 730,091 |  |  | 371,697 |  |  | 308,912 |  |  | 1,052,923 |  |  | 196,499 |  |  | 1,257 |  |  | 3,971,839 |  |  |
SM | 1,003 |  |  | 11,217 |  |  | 13,846 |  |  | 19,828 |  |  | 15,801 |  |  | 33,176 |  |  | 5,446 |  |  | — |  |  | 100,317 |  |  |
SS | 1,133 |  |  | 2,899 |  |  | 7,256 |  |  | 9,762 |  |  | 12,124 |  |  | 89,967 |  |  | 11,486 |  |  | 747 |  |  | 135,374 |  |  |
Total | $ | 602,613 |  |  | $ | 724,099 |  |  | $ | 751,193 |  |  | $ | 401,287 |  |  | $ | 336,837 |  |  | $ | 1,176,066 |  |  | $ | 213,431 |  |  | $ | 2,004 |  |  | $ | 4,207,530 |  |  |
(1) Represents loans receivable balance at June 30, 2021 which was converted from a revolving loan to an amortizing loan during the six months ended June 30, 2021.
| 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 |  |  |
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 |  |  |
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.
Schedule of nonaccrual loans | The following table presents the amortized cost of nonaccrual loans for the dates indicated:
| June 30, 2021 |  |
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual |  |
| (In thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | 7,491 |  |  | $ | 5,548 |  |  | $ | 13,039 |  |  |
Owner-occupied CRE | 3,784 |  |  | 12,400 |  |  | 16,184 |  |  |
Non-owner occupied CRE | 1,363 |  |  | 3,623 |  |  | 4,986 |  |  |
Total commercial business | 12,638 |  |  | 21,571 |  |  | 34,209 |  |  |
Residential real estate | — |  |  | 60 |  |  | 60 |  |  |
Real estate construction and land development: |  |  |  |  |  |  |
Commercial and multifamily | — |  |  | 1,014 |  |  | 1,014 |  |  |
Consumer | — |  |  | 58 |  |  | 58 |  |  |
Total | $ | 12,638 |  |  | $ | 22,703 |  |  | $ | 35,341 |  |  |
| December 31, 2020 |  |
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual |  |
| (In thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | 22,039 |  |  | $ | 9,208 |  |  | $ | 31,247 |  |  |
Owner-occupied CRE | 4,693 |  |  | 13,700 |  |  | 18,393 |  |  |
Non-owner occupied CRE | 3,424 |  |  | 3,722 |  |  | 7,146 |  |  |
Total commercial business | 30,156 |  |  | 26,630 |  |  | 56,786 |  |  |
Residential real estate | 67 |  |  | 117 |  |  | 184 |  |  |
Real estate construction and land development: |  |  |  |  |  |  |
Commercial and multifamily | 572 |  |  | 450 |  |  | 1,022 |  |  |
Consumer | 31 |  |  | 69 |  |  | 100 |  |  |
Total | $ | 30,826 |  |  | $ | 27,266 |  |  | $ | 58,092 |  |  |
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:
| Three Months Ended June 30, 2021 |  | Three Months Ended June 30, 2020
| Interest Income Reversed |  | Interest Income Recognized |  | Interest Income Reversed |  | Interest Income Recognized
| (In thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | (5) |  |  | $ | 1,981 |  |  | $ | — |  |  | $ | 89 |
Owner-occupied CRE | — |  |  | 3 |  |  | — |  |  | 14 |
Non-owner occupied CRE | — |  |  | — |  |  | — |  |  | 22 |
Total commercial business | (5) |  |  | 1,984 |  |  | — |  |  | 125 |
Consumer | — |  |  | — |  |  | — |  |  | 37 |
Total | $ | (5) |  |  | $ | 1,984 |  |  | $ | — |  |  | $ | 162 |
| Six Months Ended June 30, 2021 |  | Six months ended June 30, 2020
| Interest Income Reversed |  | Interest Income Recognized |  | Interest Income Reversed |  | Interest Income Recognized
| (in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | (10) |  |  | $ | 2,044 |  |  | $ | (16) |  |  | $ | 308 |
Owner-occupied CRE | — |  |  | 117 |  |  | — |  |  | 60 |
Non-owner occupied CRE | — |  |  | 313 |  |  | — |  |  | 67 |
Total commercial business | (10) |  |  | 2,474 |  |  | (16) |  |  | 435 |
Real estate construction and land development: |  |  |  |  |  |  |
Residential | — |  |  | 73 |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | 47 |
Total | $ | (10) |  |  | $ | 2,547 |  |  | $ | (16) |  |  | $ | 482 |
Schedule of amortized cost of past due loans | The amortized cost of past due loans as of June 30, 2021 and December 31, 2020 were as follows:
| June 30, 2021
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 489 |  |  | $ | 7,525 |  |  | $ | 8,014 |  |  | $ | 643,901 |  |  | $ | 651,915 |
SBA PPP | — |  |  | — |  |  | — |  |  | 544,250 |  |  | 544,250 |
Owner-occupied CRE | — |  |  | — |  |  | — |  |  | 865,662 |  |  | 865,662 |
Non-owner occupied CRE | 4,038 |  |  | — |  |  | 4,038 |  |  | 1,421,200 |  |  | 1,425,238 |
Total commercial business | 4,527 |  |  | 7,525 |  |  | 12,052 |  |  | 3,475,013 |  |  | 3,487,065 |
Residential real estate | — |  |  | 30 |  |  | 30 |  |  | 120,118 |  |  | 120,148 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |
Residential | — |  |  | — |  |  | — |  |  | 88,601 |  |  | 88,601 |
Commercial and multifamily | — |  |  | 571 |  |  | 571 |  |  | 239,408 |  |  | 239,979 |
Total real estate construction and land development | — |  |  | 571 |  |  | 571 |  |  | 328,009 |  |  | 328,580 |
Consumer | 788 |  |  | — |  |  | 788 |  |  | 270,949 |  |  | 271,737 |
Total | $ | 5,315 |  |  | $ | 8,126 |  |  | $ | 13,441 |  |  | $ | 4,194,089 |  |  | $ | 4,207,530 |
| 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 |
Schedule of collateral-dependent loans | 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 June 30, 2021 and December 31, 2020 were as follows:
| June 30, 2021
| CRE(1) |  | Farmland(1) |  | Residential Real Estate(1) |  | Other(1) |  |  |  | Total(1)
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,767 |  |  | $ | 5,152 |  |  | $ | 751 |  |  | $ | 331 |  |  |  |  | $ | 8,001 |
Owner-occupied CRE | 4,346 |  |  | — |  |  | — |  |  | — |  |  |  |  | 4,346 |
Non-owner occupied CRE | 1,363 |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,363 |
Total commercial business | 7,476 |  |  | 5,152 |  |  | 751 |  |  | 331 |  |  |  |  | 13,710 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |
Commercial and multifamily | 571 |  |  | — |  |  | — |  |  | — |  |  |  |  | 571 |
Total | $ | 8,047 |  |  | $ | 5,152 |  |  | $ | 751 |  |  | $ | 331 |  |  |  |  | $ | 14,281 |
(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.
| December 31, 2020
| CRE(1) |  | Farmland(1) |  | Residential Real Estate(1) |  |  |  | Other(1) |  | Total(1)
| (In thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 1,893 |  |  | $ | 18,738 |  |  | $ | 584 |  |  |  |  | $ | 1,405 |  |  | $ | 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 |  |  |  |  | 1,405 |  |  | 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 |  |  |  |  | $ | 1,405 |  |  | $ | 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.
Schedule of loans receivable | Loans that were modified as TDR loans are set forth in the following tables for the periods indicated:
| Three Months Ended June 30,
| 2021 |  | 2020
| Number of Contracts |  | Amortized Cost (1) (2) |  | Number of Contracts |  | Amortized Cost (1) (2)
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | 18 |  | $ | 5,673 |  |  | 31 |  | $ | 11,849 |
Owner-occupied CRE | 1 |  | 2,200 |  |  | 4 |  | 1,657 |
Non-owner occupied CRE | 1 |  | 251 |  |  | 2 |  | 398 |
Total commercial business | 20 |  | 8,124 |  |  | 37 |  | 13,904 |
Real estate construction and land development: |  |  |  |  |  |  |
Residential | — |  | — |  |  | 4 |  | 1,751 |
Commercial and multifamily | 1 |  |  | 443 |  |  | — |  |  | — |
Total real estate construction and land development | 1 |  | 443 |  |  | 4 |  | 1,751 |
Consumer | 6 |  | 146 |  |  | 9 |  | 82 |
Total | 27 |  | $ | 8,713 |  |  | 50 |  | $ | 15,737 |
| Six Months Ended June 30,
| 2021 |  | 2020
| Number of Contracts |  | Amortized Cost (1) (2) |  | Number of Contracts |  | Amortized Cost (1) (2)
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | 31 |  | $ | 8,713 |  |  | 35 |  | $ | 12,652 |
Owner-occupied CRE | 2 |  | 5,857 |  |  | 6 |  | 3,067 |
Non-owner occupied CRE | 2 |  | 2,222 |  |  | 3 |  | 2,143 |
Total commercial business | 35 |  | 16,792 |  |  | 44 |  | 17,862 |
Residential real estate | 1 |  | 181 |  |  | — |  | — |
Real estate construction and land development: |  |  |  |  |  |  |
Residential | — |  | — |  |  | 4 |  | 1,751 |
Commercial and multifamily | 1 |  |  | 443 |  |  | — |  |  | — |
Total real estate construction and land development | 1 |  | 443 |  |  | 4 |  | 1,751 |
Consumer | 21 |  | 511 |  |  | 14 |  | 173 |
Total TDR loans | 58 |  | $ | 17,927 |  |  | 62 |  | $ | 19,786 |
(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 three or six months ended June 30, 2021 and June 30, 2020. (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 tables present loans that were modified in a troubled debt restructure and subsequently defaulted within twelve months from the modification date during the periods indicated:
| Three Months Ended June 30,
| 2021 |  | 2020
| Number of Contracts (1) |  | Amortized Cost (1) |  | Number of Contracts (1) |  | Amortized Cost (1)
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | 1 |  | $ | 46 |  |  | 2 |  | $ | 302 |
Owner-occupied CRE | — |  | — |  |  | 1 |  | 445 |
Non-owner occupied CRE | — |  | — |  |  | 1 |  | 280 |
Total | 1 |  | $ | 46 |  |  | 4 |  | $ | 1,027 |
| Six Months Ended June 30,
| 2021 |  | 2020
| Number of Contracts (1) |  | Amortized Cost (1) |  | Number of Contracts (1) |  | Amortized Cost (1)
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | 2 |  | $ | 789 |  |  | 4 |  | $ | 2,155 |
Owner-occupied CRE | — |  | — |  |  | 1 |  | 445 |
Non-owner occupied CRE | — |  | — |  |  | 2 |  | 398 |
Total | 2 |  | $ | 789 |  |  | 7 |  | $ | 2,998 |
(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 six months ended June 30, 2021 and June 30, 2020.

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