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Loans and Allowance for Credit Losses - Loan Vintage (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Loan classification and delinquency by year of origination |  |
UPB | $ 9,835,455 | $ 7,103,423
Current fiscal year | 2,369,353 | 3,702,631
Year before current fiscal year | 4,095,670 | 605,289
Two years before current fiscal year | 550,809 | 974,892
Three years before current fiscal year | 1,206,110 | 523,579
Four years before current fiscal year | 490,412 | 173,349
Five or more years before current fiscal year | 1,026,664 | 1,045,667
Total | 9,739,018 | 7,025,407
General allowance for loan losses | (27,409) | (28,113)
Total Loans, net of allowance for loan losses, including loans in consolidated VIEs | 9,711,609 | 6,997,294
Special allowance for loan losses including PCD allowance | 18,700 |
Purchased financial assets with credit deterioration | 5,000 |
Specific allowance for loan losses | 13,716 | 17,264
Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
UPB | 9,577,193 | 6,901,474
Current fiscal year | 2,369,245 | 3,666,020
Year before current fiscal year | 4,095,520 | 596,289
Two years before current fiscal year | 546,341 | 953,269
Three years before current fiscal year | 1,161,571 | 473,798
Four years before current fiscal year | 353,190 | 167,629
Five or more years before current fiscal year | 971,228 | 984,680
Total | 9,497,095 | 6,841,685
30-59 Days Past Due |  |
Loan classification and delinquency by year of origination |  |
UPB | 16,211 | 73,836
Current fiscal year |  | 35,549
Year before current fiscal year |  | 352
Two years before current fiscal year |  | 18,393
Three years before current fiscal year | 14,675 | 3,714
Four years before current fiscal year |  | 228
Five or more years before current fiscal year | 1,462 | 14,601
Total | 16,137 | 72,837
60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
UPB | 242,051 | 128,113
Current fiscal year | 108 | 1,062
Year before current fiscal year | 150 | 8,648
Two years before current fiscal year | 4,468 | 3,230
Three years before current fiscal year | 29,864 | 46,067
Four years before current fiscal year | 137,222 | 5,492
Five or more years before current fiscal year | 53,974 | 46,386
Total | 225,786 | 110,885
Bridge |  |
Loan classification and delinquency by year of origination |  |
UPB | 7,088,917 | 4,579,419
Current fiscal year | 2,273,190 | 3,461,864
Year before current fiscal year | 3,839,216 | 430,248
Two years before current fiscal year | 384,815 | 399,603
Three years before current fiscal year | 331,772 | 205,855
Four years before current fiscal year | 166,603 | 11,327
Five or more years before current fiscal year | 32,763 | 29,490
Total | 7,028,359 | 4,538,387
General allowance for loan losses | (13,466) | (15,204)
Specific allowance for loan losses | 4,927 | 4,315
Bridge | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 6,927,794 | 4,451,230
Bridge | 30-59 Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 14,675 | 52,997
Bridge | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 85,890 | 34,160
Construction |  |
Loan classification and delinquency by year of origination |  |
UPB | 434,520 |
Two years before current fiscal year | 10,000 |
Three years before current fiscal year | 364,124 |
Four years before current fiscal year | 60,395 |
Total | 434,519 |
General allowance for loan losses | (122) |
Purchased financial assets with credit deterioration | 5,000 |
Construction | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 360,124 |
Construction | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 74,395 |
Fixed rate |  |
Loan classification and delinquency by year of origination |  |
UPB | 1,016,157 | 1,088,076
Current fiscal year | 38,292 | 142,801
Year before current fiscal year | 143,770 | 103,528
Two years before current fiscal year | 95,074 | 393,563
Three years before current fiscal year | 346,706 | 163,912
Four years before current fiscal year | 143,314 | 98,123
Five or more years before current fiscal year | 248,954 | 187,918
Total | 1,016,110 | 1,089,845
General allowance for loan losses | (2,241) | (2,667)
Specific allowance for loan losses | 3,981 | 4,194
Fixed rate | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 988,947 | 1,057,708
Fixed rate | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 27,163 | 32,137
Freddie Mac |  |
Loan classification and delinquency by year of origination |  |
UPB | 6,070 | 2,985
Year before current fiscal year |  | 3,093
Two years before current fiscal year | 6,179 |
Total | 6,179 | 3,093
Freddie Mac | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 3,086 |
Freddie Mac | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 3,093 | 3,093
Residential |  |
Loan classification and delinquency by year of origination |  |
UPB | 2,873 | 3,914
Current fiscal year | 1,141 | 1,413
Year before current fiscal year | 156 | 492
Two years before current fiscal year |  | 468
Four years before current fiscal year | 183 |
Five or more years before current fiscal year | 1,157 | 1,215
Total | 2,637 | 3,588
General allowance for loan losses | (5) | (8)
Specific allowance for loan losses | 52 | 52
Residential | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 1,537 | 1,674
Residential | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 1,100 | 1,914
SBA 7(a) |  |
Loan classification and delinquency by year of origination |  |
UPB | 590,336 | 618,012
Current fiscal year | 54,407 | 92,030
Year before current fiscal year | 85,108 | 44,955
Two years before current fiscal year | 42,224 | 104,938
Three years before current fiscal year | 91,154 | 122,242
Four years before current fiscal year | 102,958 | 49,031
Five or more years before current fiscal year | 184,659 | 173,616
Total | 560,510 | 586,812
General allowance for loan losses | (9,275) | (6,653)
Specific allowance for loan losses | 3,851 | 5,527
SBA 7(a) | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 557,134 | 576,593
SBA 7(a) | 30-59 Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 730 | 6,741
SBA 7(a) | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 2,646 | 3,478
Other |  |
Loan classification and delinquency by year of origination |  |
UPB | 696,582 | 811,017
Current fiscal year | 2,323 | 4,523
Year before current fiscal year | 27,420 | 22,973
Two years before current fiscal year | 12,517 | 76,320
Three years before current fiscal year | 72,354 | 31,570
Four years before current fiscal year | 16,959 | 14,868
Five or more years before current fiscal year | 559,131 | 653,428
Total | 690,704 | 803,682
General allowance for loan losses | (2,300) | (3,581)
Specific allowance for loan losses | 905 | 3,176
Other | Current and less than 30 days past due |  |
Loan classification and delinquency by year of origination |  |
Total | 658,473 | 754,480
Other | 30-59 Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | 732 | 13,099
Other | 60+ Days Past Due |  |
Loan classification and delinquency by year of origination |  |
Total | $ 31,499 | $ 36,103

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