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Loans Held for Investment (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Schedule of components of loans held for investment
The following table presents the composition of the loan portfolio for the periods indicated:
March 31,December 31,
20212020
(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied$2,729,785 $2,675,085 
Multifamily5,309,592 5,171,356 
Construction and land316,458 321,993 
SBA secured by real estate56,381 57,331 
Total investor loans secured by real estate8,412,216 8,225,765 
Business loans secured by real estate
CRE owner-occupied2,029,984 2,114,050 
Franchise real estate secured340,805 347,932 
SBA secured by real estate73,967 79,595 
Total business loans secured by real estate2,444,756 2,541,577 
Commercial loans
Commercial and industrial1,656,098 1,768,834 
Franchise non-real estate secured399,041 444,797 
SBA non-real estate secured14,908 15,957 
Total commercial loans2,070,047 2,229,588 
Retail loans
Single family residential184,049 232,574 
Consumer6,324 6,929 
Total retail loans190,373 239,503 
Gross loans held for investment (1)
13,117,392 13,236,433 
Allowance for credit losses for loans held for investment(266,999)(268,018)
Loans held for investment, net$12,850,393 $12,968,415 
Loans held for sale, at lower of cost or fair value$7,311 $601 
______________________________
(1) Includes unaccreted fair value net purchase discounts of $103.9 million and $113.8 million as of March 31, 2021 and December 31, 2020, respectively.
Summary of loan portfolio by the Company's internal risk grading system
The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination, as of March 31, 2021:
Term Loans by Vintage
20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
March 31, 2021(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied
Pass$124,225 $272,001 $501,036 $482,052 $278,439 $972,783 $10,779 $— $2,641,315 
Special mention— — 2,004 8,619 438 43,694 — — 54,755 
Substandard— — 25,740 1,856 — 5,571 548 — 33,715 
Multifamily
Pass405,022 1,005,928 1,626,859 791,365 629,525 834,458 1,426 — 5,294,583 
Special mention— — 1,755 2,629 — 9,294 — — 13,678 
Substandard— — — — 559 772 — — 1,331 
Construction and land
Pass12,496 76,486 133,997 53,795 12,264 26,377 1,043 — 316,458 
SBA secured by real estate
Pass— — 7,409 8,991 15,383 12,485 — — 44,268 
Special mention— 498 1,033 1,161 1,002 1,124 — — 4,818 
Substandard— — 1,168 2,365 1,091 2,671 — — 7,295 
Total investor loans secured by real estate541,743 1,354,913 2,301,001 1,352,833 938,701 1,909,229 13,796 — 8,412,216 
Business loans secured by real estate
CRE owner-occupied
Pass108,753 283,401 373,667 280,703 304,938 638,844 8,946 — 1,999,252 
Special mention— 2,190 — 3,792 3,045 4,319 — — 13,346 
Substandard— — — 4,143 5,884 7,109 250 — 17,386 
Franchise real estate secured
Pass23,192 43,635 71,269 62,905 81,819 52,837 — — 335,657 
Special mention— 878 1,650 2,620 — — — — 5,148 
SBA secured by real estate
Pass510 3,237 7,587 12,262 13,155 27,937 — — 64,688 
Special mention— — — 1,186 — 1,175 — — 2,361 
Substandard— — — 161 2,111 4,646 — — 6,918 
Total loans secured by business real estate132,455 333,341 454,173 367,772 410,952 736,867 9,196 — 2,444,756 
Term Loans by Vintage
20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
March 31, 2021(Dollars in thousands)
Commercial Loans
Commercial and industrial
Pass62,622 112,135 272,585 142,706 195,658 112,930 694,022 1,699 1,594,357 
Special mention— 655 — 2,219 177 1,460 16,377 — 20,888 
Substandard— 1,389 2,936 3,619 218 3,622 29,069 — 40,853 
Franchise non-real estate secured
Pass15,398 27,216 138,064 86,988 43,294 50,126 1,361 — 362,447 
Special mention— — 7,028 1,984 216 2,605 — — 11,833 
Substandard— — 2,071 3,637 18,181 872 — — 24,761 
SBA non-real estate secured
Pass72 422 2,212 1,511 2,816 4,337 — — 11,370 
Special mention— — — — 1,456 — — — 1,456 
Substandard— — 81 353 270 686 692 — 2,082 
Total commercial loans78,092 141,817 424,977 243,017 262,286 176,638 741,521 1,699 2,070,047 
Retail Loans
Single family residential
Pass6,582 7,624 4,349 10,708 11,169 120,675 22,662 — 183,769 
Substandard— — — — — 280 — — 280 
Consumer loans
Pass2 47 101 35 22 3,998 2,073 — 6,278 
Substandard— — 7 — — 39 — — 46 
Total retail loans6,584 7,671 4,457 10,743 11,191 124,992 24,735 — 190,373 
Totals gross loans$758,874 $1,837,742 $3,184,608 $1,974,365 $1,623,130 $2,947,726 $789,248 $1,699 $13,117,392 
The following table stratifies the loans held for investment portfolio by the Company’s internal risk grading, and by year of origination, as of December 31, 2020:
Term Loans by Vintage
20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied
Pass$265,901 $541,994 $440,351 $287,580 $279,238 $791,477 $11,114 $— $2,617,655 
Special mention— — 6,669 437 2,516 29,738 — — 39,360 
Substandard— 9,732 2,045 — 516 5,218 559 — 18,070 
Multifamily
Pass1,027,644 1,677,716 899,123 665,939 354,859 531,287 420 — 5,156,988 
Special mention— 1,758 2,630 — 8,649 — — — 13,037 
Substandard— — — 559 772 — — — 1,331 
Construction and land
Pass57,309 144,759 73,313 18,625 20,531 6,672 784 — 321,993 
SBA secured by real estate
Pass— 8,306 9,029 13,418 6,305 7,696 — — 44,754 
Special mention496 1,032 1,159 1,000 373 306 — — 4,366 
Substandard— 1,220 2,959 1,091 400 2,541 — — 8,211 
Total investor loans secured by real estate1,351,350 2,386,517 1,437,278 988,649 674,159 1,374,935 12,877 — 8,225,765 
Business loans secured by real estate
CRE owner-occupied
Pass293,324 409,758 332,672 327,475 225,098 469,704 14,268 246 2,072,545 
Special mention2,190 15,917 3,802 — 4,153 201 — — 26,263 
Substandard— — 3,636 4,214 1,169 5,973 250 — 15,242 
Franchise real estate secured
Pass44,413 81,438 66,241 96,999 24,673 27,020 — — 340,784 
Special mention878 1,650 2,652 — — — — — 5,180 
Substandard— — — — 1,968 — — — 1,968 
SBA secured by real estate
Pass3,253 7,637 12,608 16,058 8,488 23,624 — — 71,668 
Special mention— — 1,200 — 137 — — — 1,337 
Substandard— — 184 1,987 1,376 3,043 — — 6,590 
Total loans secured by business real estate344,058 516,400 422,995 446,733 267,062 529,565 14,518 246 2,541,577 
Term Loans by Vintage
20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020(Dollars in thousands)
Commercial Loans
Commercial and industrial
Pass127,082 260,368 159,001 210,163 51,800 82,291 801,752 9,315 1,701,772 
Special mention735 — 2,331 185 1,320 243 17,890 37 22,741 
Substandard— 3,310 2,737 610 1,333 2,446 32,858 1,027 44,321 
Franchise non-real estate secured
Pass27,607 164,025 94,494 46,174 40,829 27,745 1,361 502 402,737 
Special mention— 7,267 2,037 230 480 2,321 — — 12,335 
Substandard— 6,690 3,706 18,425 700 204 — — 29,725 
SBA non-real estate secured
Pass407 2,257 1,558 2,674 610 4,449 — 259 12,214 
Special mention— — — 1,574 — — — — 1,574 
Substandard— 83 357 282 340 400 707 — 2,169 
Total commercial loans155,831 444,000 266,221 280,317 97,412 120,099 854,568 11,140 2,229,588 
Retail Loans
Single family residential
Pass10,794 7,714 13,982 14,039 33,968 124,248 27,172 — 231,917 
Substandard— — — — — 657 — — 657 
Consumer loans
Pass52 112 37 25 2 3,145 3,508 — 6,881 
Substandard— 7 — — — 41 — — 48 
Total retail loans10,846 7,833 14,019 14,064 33,970 128,091 30,680 — 239,503 
Totals gross loans$1,862,085 $3,354,750 $2,140,513 $1,729,763 $1,072,603 $2,152,690 $912,643 $11,386 $13,236,433 
The following tables present PD bands for commercial real estate and commercial loan segments of the loan portfolio as of the dates indicated.

Commercial Real Estate Term Loans by Vintage
20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
March 31, 2021(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied
0% - 5.00%$124,225 $244,225 $447,464 $445,435 $223,077 $927,154 $10,779 $— $2,422,359 
>5.00% - 10.00%— 25,477 9,581 14,151 12,408 73,255 — — 134,872 
Greater than 10%— 2,299 71,735 32,941 43,392 21,639 548 — 172,554 
Multifamily
0% - 5.00%372,435 946,666 1,564,508 763,445 611,026 812,130 1,426 — 5,071,636 
>5.00% - 10.00%32,587 5,858 51,975 17,181 6,602 17,328 — — 131,531 
Greater than 10%— 53,404 12,131 13,368 12,456 15,066 — — 106,425 
Construction and Land
0% - 5.00%12,496 65,447 28,996 1,425 4,081 5,139 1,043 — 118,627 
>5.00% - 10.00%— 7,462 45,561 — 3,785 71 — — 56,879 
Greater than 10%— 3,577 59,440 52,370 4,398 21,167 — — 140,952 
SBA secured by real estate
0% - 5.00%— 498 9,508 12,517 17,476 15,942 — — 55,941 
>5.00% - 10.00%— — — — — — — — — 
Greater than 10%— — 102 — — 338 — — 440 
Total investor loans secured by real estate541,743 1,354,913 2,301,001 1,352,833 938,701 1,909,229 13,796 — 8,412,216 
Business loans secured by real estate
CRE owner-occupied
0% - 5.00%108,753 274,558 358,652 251,081 274,570 588,999 8,946 — 1,865,559 
>5.00% - 10.00%— 11,033 15,015 31,674 30,254 51,484 — — 139,460 
Greater than 10%— — — 5,883 9,043 9,789 250 — 24,965 
Franchise real estate secured
0% - 5.00%23,192 36,483 69,701 58,245 80,716 36,800 — — 305,137 
>5.00% - 10.00%— 7,588 3,218 7,280 1,103 16,037 — — 35,226 
Greater than 10%— 442 — — — — — — 442 
SBA secured by real estate
0% - 5.00%510 3,237 7,517 11,357 11,448 21,384 — — 55,453 
>5.00% - 10.00%— — 70 905 1,694 6,502 — — 9,171 
Greater than 10%— — — 1,347 2,124 5,872 — — 9,343 
Total business loans secured by real estate132,455 333,341 454,173 367,772 410,952 736,867 9,196 — 2,444,756 
Commercial Real Estate Term Loans by Vintage
20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
March 31, 2021(Dollars in thousands)
Commercial Loans
Commercial and industrial
0% - 5.00%61,115 76,872 223,574 101,069 182,673 90,115 316,224 1,113 1,052,755 
>5.00% - 10.00%1,507 28,732 31,098 25,613 10,383 16,090 305,405 101 418,929 
Greater than 10%— 8,575 20,849 21,862 2,997 11,807 117,839 485 184,414 
Franchise non-real estate secured
0% - 5.00%15,398 21,160 102,790 78,320 34,932 31,020 — — 283,620 
>5.00% - 10.00%— 6,056 35,273 8,527 8,362 18,588 — — 76,806 
Greater than 10%— — 9,100 5,762 18,397 3,995 1,361 — 38,615 
SBA not secured by real estate
0% - 5.00%72 422 2,212 1,021 1,299 3,230 — — 8,256 
>5.00% - 10.00%— — — 490 1,518 1,102 — — 3,110 
Greater than 10%— — 81 353 1,725 691 692 — 3,542 
Total commercial loans$78,092 $141,817 $424,977 $243,017 $262,286 $176,638 $741,521 $1,699 $2,070,047 

Commercial Real Estate Term Loans by Vintage
20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied
0% - 5.00%$261,885 $491,522 $431,791 $266,942 $254,527 $763,101 $11,114 $— $2,480,882 
>5.00% - 10.00%4,016 34,360 5,794 10,558 16,961 33,734 — — 105,423 
Greater than 10%— 25,844 11,480 10,517 10,782 29,598 559 — 88,780 
Multifamily
0% - 5.00%950,089 1,610,011 878,233 634,268 349,549 516,452 — — 4,938,602 
>5.00% - 10.00%38,892 59,500 12,181 19,751 10,917 13,606 — — 154,847 
Greater than 10%38,663 9,963 11,339 12,479 3,814 1,229 420 — 77,907 
Construction and Land
0% - 5.00%55,785 40,860 4,604 11,238 — 6,412 784 — 119,683 
>5.00% - 10.00%1,123 41,046 9,197 3,601 — 260 — — 55,227 
Greater than 10%401 62,853 59,512 3,786 20,531 — — — 147,083 
SBA secured by real estate
0% - 5.00%496 10,400 12,558 14,497 7,078 10,032 — — 55,061 
>5.00% - 10.00%— — — 1,012 — — — — 1,012 
Greater than 10%— 158 589 — — 511 — — 1,258 
Total investor loans secured by real estate1,351,350 2,386,517 1,437,278 988,649 674,159 1,374,935 12,877 — 8,225,765 
Commercial Real Estate Term Loans by Vintage
20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020(Dollars in thousands)
Business loans secured by real estate
CRE owner-occupied
0% - 5.00%286,745 367,269 274,512 295,809 202,282 422,614 10,393 246 1,859,870 
>5.00% - 10.00%8,769 42,310 60,222 28,421 23,875 44,855 3,875 — 212,327 
Greater than 10%— 16,096 5,376 7,459 4,263 8,409 250 — 41,853 
Franchise real estate secured
0% - 5.00%37,262 79,926 65,619 96,672 19,046 22,927 — — 321,452 
>5.00% - 10.00%7,587 1,650 3,274 327 5,627 4,093 — — 22,558 
Greater than 10%442 1,512 — — 1,968 — — — 3,922 
SBA secured by real estate
0% - 5.00%3,253 7,637 11,840 15,069 5,707 18,742 — — 62,248 
>5.00% - 10.00%— — 768 989 2,780 4,882 — — 9,419 
Greater than 10%— — 1,384 1,987 1,514 3,043 — — 7,928 
Total business loans secured by real estate344,058 516,400 422,995 446,733 267,062 529,565 14,518 246 2,541,577 
Commercial Loans
Commercial and industrial
0% - 5.00%70,233 205,395 99,178 193,046 36,957 62,682 394,124 5,051 1,066,666 
>5.00% - 10.00%49,883 50,743 35,813 13,427 12,922 13,948 322,123 2,469 501,328 
Greater than 10%7,701 7,540 29,078 4,485 4,574 8,350 136,253 2,859 200,840 
Franchise non-real estate secured
0% - 5.00%21,409 145,392 88,171 38,010 21,956 23,479 — 502 338,919 
>5.00% - 10.00%6,198 15,754 5,454 8,164 18,415 3,626 — — 57,611 
Greater than 10%— 16,836 6,612 18,655 1,638 3,165 1,361 — 48,267 
SBA not secured by real estate
0% - 5.00%407 2,257 910 1,078 441 2,782 — — 7,875 
>5.00% - 10.00%— — 648 1,596 169 1,652 — 259 4,324 
Greater than 10%— 83 357 1,856 340 415 707 — 3,758 
Total commercial loans$155,831 $444,000 $266,221 $280,317 $97,412 $120,099 $854,568 $11,140 $2,229,588 
The following tables summarize the amortized cost of loans in these segments by current estimated LTV and by year of origination as of the dates indicated:
Term Loans by Vintage
20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
March 31, 2021(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied
55% and below$64,538 $130,003 $213,339 $220,420 $130,687 $709,045 $10,779 — $1,478,811 
>55-65%31,752 116,313 197,381 105,577 130,405 266,760 548 — 848,736 
>65-75%27,935 25,685 97,297 153,854 13,411 44,463 — — 362,645 
Greater than 75%— — 20,763 12,676 4,374 1,780 — — 39,593 
Multifamily
55% and below59,772 219,912 344,043 261,109 231,004 356,028 1,426 — 1,473,294 
>55-65%173,282 389,105 716,453 359,851 211,357 328,477 — — 2,178,525 
>65-75%169,340 396,911 553,451 162,499 185,854 155,480 — — 1,623,535 
Greater than 75%2,628 — 14,667 10,535 1,869 4,539 — — 34,238 
Construction and land
55% and below12,496 76,486 106,181 27,368 12,264 26,377 1,043 — 262,215 
>55-65%— — 19,603 18,590 — — — — 38,193 
>65-75%— — 8,213 7,837 — — — — 16,050 
Greater than 75%— — — — — — — — — 
SBA secured by real estate
55% and below— — 102 645 669 1,088 — — 2,504 
>55-65%— — 2,420 1,633 3,991 5,449 — — 13,493 
>65-75%— — 3,888 4,641 3,477 6,619 — — 18,625 
Greater than 75%— 498 3,200 5,598 9,339 3,124 — — 21,759 
Total investor loans secured by real estate541,743 1,354,913 2,301,001 1,352,833 938,701 1,909,229 13,796 — 8,412,216 
Business loan secured by real estate
CRE owner-occupied
55% and below41,757 100,507 148,303 122,790 173,168 433,778 9,196 — 1,029,499 
>55-65%28,552 64,442 75,112 87,262 101,484 131,991 — — 488,843 
>65-75%17,278 71,694 143,725 72,734 25,938 63,635 — — 395,004 
Greater than 75%21,166 48,948 6,527 5,852 13,277 20,868 — — 116,638 
Franchise real estate secured
55% and below1,884 20,715 9,853 15,109 13,479 25,410 — — 86,450 
>55-65%— 2,666 9,905 14,514 14,248 7,615 — — 48,948 
>65-75%11,298 15,452 42,286 17,909 14,740 16,607 — — 118,292 
Greater than 75%10,010 5,680 10,875 17,993 39,352 3,205 — — 87,115 
SBA secured by real estate
55% and below510 1,813 1,601 5,265 5,442 16,620 — — 31,251 
>55-65%— 247 512 1,740 999 8,073 — — 11,571 
>65-75%— 263 3,129 1,293 3,695 4,824 — — 13,204 
Greater than 75%— 914 2,345 5,311 5,130 4,241 — — 17,941 
Total business loans secured by real estate$132,455 $333,341 $454,173 $367,772 $410,952 $736,867 $9,196 $— $2,444,756 
Term Loans by Vintage
20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
December 31, 2020(Dollars in thousands)
Investor loans secured by real estate
CRE non-owner-occupied
55% and below$138,007 $229,272 $182,385 $136,355 $189,848 $588,230 $11,114 $— $1,475,211 
>55-65%101,434 217,210 92,015 130,024 78,470 204,161 559 — 823,873 
>65-75%26,460 102,494 169,878 18,876 13,952 29,506 — — 361,166 
Greater than 75%— 2,750 4,787 2,762 — 4,536 — — 14,835 
Multifamily
55% and below218,833 345,519 294,464 233,997 84,530 269,906 — — 1,447,249 
>55-65%381,737 731,408 381,282 215,170 152,066 189,151 420 — 2,051,234 
>65-75%427,074 583,078 215,389 215,452 127,684 66,457 — — 1,635,134 
Greater than 75%— 19,469 10,618 1,879 — 5,773 — — 37,739 
Construction and land
55% and below57,309 105,308 36,068 18,625 20,531 6,672 784 — 245,297 
>55-65%— 36,113 23,770 — — — — — 59,883 
>65-75%— 3,338 13,475 — — — — — 16,813 
Greater than 75%— — — — — — — — — 
SBA secured by real estate
55% and below— 2,066 649 673 317 778 — — 4,483 
>55-65%— 2,427 1,639 4,008 879 4,354 — — 13,307 
>65-75%— 3,897 3,882 3,482 4,519 1,884 — — 17,664 
Greater than 75%496 2,168 6,977 7,346 1,363 3,527 — — 21,877 
Total investor loans secured by real estate1,351,350 2,386,517 1,437,278 988,649 674,159 1,374,935 12,877 — 8,225,765 
Business loan secured by real estate
CRE owner-occupied
55% and below96,803 160,605 157,868 179,791 131,795 328,188 14,518 246 1,069,814 
>55-65%72,044 91,028 98,176 94,712 65,120 90,548 — — 511,628 
>65-75%71,692 152,920 79,106 43,832 31,303 31,493 — — 410,346 
Greater than 75%54,975 21,122 4,960 13,354 2,202 25,649 — — 122,262 
Franchise real estate secured
55% and below20,801 10,470 13,864 20,956 9,189 16,213 — — 91,493 
>55-65%2,689 9,955 16,001 19,102 6,855 2,333 — — 56,935 
>65-75%19,349 51,719 23,258 9,153 10,597 7,236 — — 121,312 
Greater than 75%2,452 10,944 15,770 47,788 — 1,238 — — 78,192 
SBA secured by real estate
55% and below1,825 1,626 5,332 5,495 3,615 13,582 — — 31,475 
>55-65%246 513 1,795 1,094 3,586 5,448 — — 12,682 
>65-75%264 3,142 1,515 3,968 1,586 4,043 — — 14,518 
Greater than 75%918 2,356 5,350 7,488 1,214 3,594 — — 20,920 
Total business loans secured by real estate$344,058 $516,400 $422,995 $446,733 $267,062 $529,565 $14,518 $246 $2,541,577 
The following tables present the FICO bands, at origination, for the retail segment of the loan portfolio as of the dates indicated:
Term Loans by Vintage
20212020201920182017PriorRevolvingRevolving Converted to Term During the PeriodTotal
(Dollars in thousands)
March 31, 2021
Retail Loans
Single family residential
Greater than 740$6,582 $7,624 $3,480 $10,341 $6,559 $78,694 $15,850 — $129,130 
>680 - 740— — 869 367 4,119 14,654 5,915 — 25,924 
>580 - 680— — — — 491 9,561 863 — 10,915 
Less than 580— — — — — 18,046 34 — 18,080 
Consumer loans
Greater than 7402 47 63 30 19 3,476 531 — 4,168 
>680 - 740— — 32 5 3 459 1,461 — 1,960 
>580 - 680— — 13 — — 90 57 — 160 
Less than 580— — — — — 12 24 — 36 
Total retail loans$6,584 $7,671 $4,457 $10,743 $11,191 $124,992 $24,735 $— $190,373 

Term Loans by Vintage
20202019201820172016PriorRevolvingRevolving Converted to Term During the PeriodTotal
(Dollars in thousands)
December 31, 2020
Retail Loans
Single family residential
Greater than 740$10,794 $6,531 $12,679 $8,846 $28,222 $81,838 $19,588 — $168,498 
>680 - 740— 1,183 1,303 4,732 2,614 15,624 6,685 — 32,141 
>580 - 680— — — 461 3,132 7,473 864 — 11,930 
Less than 580— — — — — 19,970 35 — 20,005 
Consumer loans
Greater than 74052 69 31 22 1 2,609 2,198 — 4,982 
>680 - 740— 35 6 3 — 469 1,227 — 1,740 
>580 - 680— 15 — — 1 95 56 — 167 
Less than 580— — — — — 13 27 — 40 
Total retail loans$10,846 $7,833 $14,019 $14,064 $33,970 $128,091 $30,680 $— $239,503 
Schedule of delinquencies in the Company's loan portfolio
The following tables stratify loans held for investment by delinquencies in the Company’s loan portfolio at the dates indicated:
Days Past Due
Current30-5960-8990+Total
(Dollars in thousands)
March 31, 2021
Investor loans secured by real estate
CRE non-owner-occupied$2,719,494 $9,743 $— $548 $2,729,785 
Multifamily5,309,592 — — — 5,309,592 
Construction and land316,458 — — — 316,458 
SBA secured by real estate55,941 — — 440 56,381 
Total investor loans secured by real estate8,401,485 9,743 — 988 8,412,216 
Business loans secured by real estate
CRE owner-occupied2,024,680 — — 5,304 2,029,984 
Franchise real estate secured340,805 — — — 340,805 
SBA secured by real estate73,307 — — 660 73,967 
Total business loans secured by real estate2,438,792 — — 5,964 2,444,756 
Commercial loans
Commercial and industrial1,651,203 3,068 61 1,766 1,656,098 
Franchise non-real estate secured399,041 — — — 399,041 
SBA not secured by real estate13,911 305 — 692 14,908 
Total commercial loans2,064,155 3,373 61 2,458 2,070,047 
Retail loans
Single family residential184,049 — — — 184,049 
Consumer loans6,324 — — — 6,324 
Total retail loans190,373 — — — 190,373 
Totals$13,094,805 $13,116 $61 $9,410 $13,117,392 
  Days Past Due 
 Current30-5960-8990+Total Gross Loans
(Dollars in thousands)
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied$2,674,328 $— $— $757 $2,675,085 
Multifamily5,171,355 1 — — 5,171,356 
Construction and land321,993 — — — 321,993 
SBA secured by real estate56,074 — — 1,257 57,331 
Total investor loans secured by real estate8,223,750 1 — 2,014 8,225,765 
Business loans secured by real estate
CRE owner-occupied2,108,746 — — 5,304 2,114,050 
Franchise real estate secured347,932 — — — 347,932 
SBA secured by real estate78,036 486 — 1,073 79,595 
Total business loans secured by real estate2,534,714 486 — 6,377 2,541,577 
Commercial loans
Commercial and industrial1,765,451 428 57 2,898 1,768,834 
Franchise non-real estate secured444,797 — — — 444,797 
SBA not secured by real estate14,912 338 — 707 15,957 
Total commercial loans2,225,160 766 57 3,605 2,229,588 
Retail loans
Single family residential232,559 15 — — 232,574 
Consumer loans6,928 1 — — 6,929 
Total retail loans239,487 16 — — 239,503 
Totals loans$13,223,111 $1,269 $57 $11,996 $13,236,433 
Summary of nonaccrual loans
The following tables provide a summary of nonaccrual loans as of the dates indicated:
Nonaccrual Loans (1)
Collateral Dependent LoansACLNon-Collateral Dependent LoansACLTotal Nonaccrual LoansNonaccrual Loans with No ACL
(Dollars in thousands)
March 31, 2021
Investor loans secured by real estate
CRE non-owner-occupied$12,284 $— $— $— $12,284 $12,284 
SBA secured by real estate440 — — — 440 440 
Total investor loans secured by real estate12,724 — — — 12,724 12,724 
Business loans secured by real estate
CRE owner-occupied6,060 — — — 6,060 6,060 
SBA secured by real estate727 — — — 727 727 
Total business loans secured by real estate6,787 — — — 6,787 6,787 
Commercial loans
Commercial and industrial1,767 — 3,843 688 5,610 2,132 
Franchise non-real estate secured— — 13,082 — 13,082 13,082 
SBA non-real estate secured692 — — — 692 692 
Total commercial loans2,459 — 16,925 688 19,384 15,906 
Retail loans
Single family residential14 — — — 14 14 
Total retail loans14 — — — 14 14 
Totals nonaccrual loans$21,984 $— $16,925 $688 $38,909 $35,431 
______________________________
(1) The ACL for nonaccrual loans is determined based on a discounted cash flow methodology unless the loan is considered collateral dependent; otherwise, the ACL for collateral dependent nonaccrual loans is determined based on the estimated fair value of the underlying collateral.
Nonaccrual Loans (1)
Collateral Dependent LoansACLNon-Collateral Dependent LoansACLTotal Nonaccrual LoansNonaccrual Loans with No ACL
(Dollars in thousands)
December 31, 2020
Investor loans secured by real estate
CRE non-owner-occupied$2,792 $— $— $— $2,792 $2,792 
SBA secured by real estate1,257 — — — 1,257 1,257 
Total investor loans secured by real estate4,049 — — — 4,049 4,049 
Business loans secured by real estate
CRE owner-occupied6,083 — — — 6,083 6,083 
SBA secured by real estate1,143 — — — 1,143 1,143 
Total business loans secured by real estate7,226 — — — 7,226 7,226 
Commercial loans
Commercial and industrial2,040 — 1,934 126 3,974 2,733 
Franchise non-real estate secured— — 13,238 — 13,238 13,238 
SBA non-real estate secured707 — — — 707 707 
Total commercial loans2,747 — 15,172 126 17,919 16,678 
Retail loans
Single family residential15 — — — 15 15 
Total retail loans15 — — — 15 15 
Totals nonaccrual loans$14,037 $— $15,172 $126 $29,209 $27,968 
______________________________
(1) The ACL for nonaccrual loans is determined based on a discounted cash flow methodology unless the loan is considered collateral dependent; otherwise, the ACL for collateral dependent nonaccrual loans is determined based on the estimated fair value of the underlying collateral.
Schedule of collateral dependent loans by collateral type
The following tables summarize collateral dependent loans by collateral type as of the dates indicated:
March 31, 2021
Office PropertiesIndustrial PropertiesRetail PropertiesLand PropertiesHotel PropertiesResidential PropertiesBusiness AssetsTotal
(Dollars in thousands)
Investor loan secured by real estate
CRE non-owner-occupied$— $— $2,542 $— $9,742 $— $— $12,284 
SBA secured by real estate— — — — 440 — — 440 
Total investor loans secured by real estate— — 2,542 — 10,182 — — 12,724 
Business loans secured by real estate
CRE owner-occupied— 756 — 5,304 — — — 6,060 
SBA secured by real estate270 457 — — — — — 727 
Total business loans secured by real estate270 1,213 — 5,304 — — — 6,787 
Commercial loans
Commercial and industrial— — — — — — 1,767 1,767 
SBA non-real estate secured— — — — — — 692 692 
Total commercial loans— — — — — — 2,459 2,459 
Retail loans
Single family residential— — — — — 14 — 14 
Total retail loans— — — — — 14 — 14 
Totals collateral dependent loans$270 $1,213 $2,542 $5,304 $10,182 $14 $2,459 $21,984 
December 31, 2020
Office PropertiesIndustrial PropertiesRetail PropertiesLand PropertiesHotel PropertiesResidential PropertiesBusiness AssetsTotal
(Dollars in thousands)
Investor loan secured by real estate
CRE non-owner-occupied$— $— $2,594 $— $198 $— $— $2,792 
SBA secured by real estate— — — — 1,257 — — 1,257 
Total investor loans secured by real estate— — 2,594 — 1,455 — — 4,049 
Business loans secured by real estate
CRE owner-occupied— 779 — 5,304 — — — 6,083 
SBA secured by real estate288 757 — — — 98 — 1,143 
Total business loans secured by real estate288 1,536 — 5,304 — 98 — 7,226 
Commercial loans
Commercial and industrial— — — — — — 2,040 2,040 
SBA non-real estate secured— — — — — — 707 707 
Total commercial loans— — — — — — 2,747 2,747 
Retail loans
Single family residential— — — — — 15 — 15 
Total retail loans— — — — — 15 — 15 
Totals collateral dependent loans$288 $1,536 $2,594 $5,304 $1,455 $113 $2,747 $14,037