Loans (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Loans for Investment at Amortized Cost

Loans held for investment, at amortized cost, at September 30, 2021 and December 31, 2020 were as follows:


	September 30, 2021		December 31, 2020
Real estate:
Residential	$	79,889	$	64,724
Commercial	151,122		114,884
Construction and land	17,848		15,113
Commercial and industrial	232,416		193,927
Commercial and industrial - PPP	156,783		838,847
Consumer and other	4,910		2,896
Loans held for investment, at amortized cost, gross	642,968		1,230,391
Deferred loan costs (fees), net	7,298		(5,819)
Discount on SBA 7(a) loans sold(1)	(3,753)		(5,417)
Discount on PPP loans purchased	(24)		(97)
Allowance for loan losses	(16,616)		(21,162)
Loans held for investment, at amortized cost	$	629,873	$	1,197,896

(1) The Company allocates the retained portion of loans sold based on relative fair value of the retained portion and the sold portion, which results in a discount on the retained portion.