LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Summary of Loan Classes and Aging of Past Due Loans

This table provides a summary of loan classes and an aging of past due loans at December 31, 2020 and 2019 (in thousands):

	December 31, 2020
	30-89 Days Past Due and Accruing		Greater than 90 Days Past Due and Accruing		Nonaccrual Loans		Total Past Due		Current		Total Loans
Loans
Commercial and industrial	$	4,652	$	319	$	33,769	$	38,740	$	7,023,334	$	7,062,074
Specialty lending		—		—		19,437		19,437		491,863		511,300
Commercial real estate		2,351		225		28,386		30,962		5,877,972		5,908,934
Consumer real estate		524		—		5,345		5,869		1,939,625		1,945,494
Consumer		281		120		88		489		117,497		117,986
Credit cards		2,061		1,288		798		4,147		362,821		366,968
Leases and other		—		—		—		—		190,895		190,895
Total loans	$	9,869	$	1,952	$	87,823	$	99,644	$	16,004,007	$	16,103,651

	December 31, 2019
	30-89 Days Past Due and Accruing		Greater than 90 Days Past Due and Accruing		Nonaccrual Loans		Total Past Due		Current		Total Loans
Commercial:
Commercial	$	10,491	$	250	$	25,592	$	36,333	$	5,805,669	$	5,842,002
Asset-based		—		—		—		—		292,231		292,231
Factoring		—		—		—		—		170,560		170,560
Commercial – credit card		760		52		24		836		181,402		182,238
Real estate:
Real estate – construction		3,933		—		95		4,028		838,318		842,346
Real estate – commercial		3,365		36		24,030		27,431		4,301,293		4,328,724
Real estate – residential		485		—		2,748		3,233		930,043		933,276
Real estate – HELOC		544		—		2,798		3,342		474,809		478,151
Consumer:
Consumer – credit card		1,835		1,681		803		4,319		222,423		226,742
Consumer – other		81		50		257		388		133,086		133,474
Leases		—		—		—		—		1,978		1,978
Total loans	$	21,494	$	2,069	$	56,347	$	79,910	$	13,351,812	$	13,431,722

Summary of Amortized Cost of Nonaccrual Loans with No Related Allowance

The following table provides the amortized cost of nonaccrual loans with no related allowance for credit losses by loan class at December 31, 2020 (in thousands):

	December 31, 2020
	Nonaccrual Loans		Amortized Cost of Nonaccrual Loans with no related Allowance
Loans
Commercial and industrial	$	33,769	$	9,916
Specialty lending		19,437		242
Commercial real estate		28,386		25,733
Consumer real estate		5,345		5,345
Consumer		88		88
Credit cards		798		798
Leases and other		—		—
Total loans	$	87,823	$	42,122

Summary of Amortized Cost Balance of Each of Loan Classes Disaggregated by Collateral Type and Origination Year

The following table provides a summary of the amortized cost balance of each of the Company’s loan classes disaggregated by collateral type and origination year as of December 31, 2020 (in thousands):

	December 31, 2020
Loan Segment and Type													Amortized Cost - Revolving Loans		Amortized Cost - Revolving Loans Converted to Term Loans
	Amortized Cost Basis by Origination Year - Term Loans
	2020		2019		2018		2017		2016		Prior						Total
Commercial and industrial:
Equipment/Accounts Receivable/Inventory	$	3,185,589	$	684,488	$	471,950	$	185,167	$	178,576	$	69,599	$	2,108,799	$	—	$	6,884,168
Agriculture		8,886		6,495		1,976		3,651		2,164		416		137,955		38		161,581
Overdrafts		—		—		—		—		—		—		16,325		—		16,325
Total Commercial and industrial		3,194,475		690,983		473,926		188,818		180,740		70,015		2,263,079		38		7,062,074
Specialty lending:
Asset-based lending		64,258		—		—		—		—		—		291,091		—		355,349
Factoring		—		—		—		—		—		—		155,951		—		155,951
Total Specialty lending		64,258		—		—		—		—		—		447,042		—		511,300
Commercial real estate:
Owner-occupied		579,212		334,098		233,192		170,913		120,603		176,377		18,880		51,910		1,685,185
Non-owner-occupied		846,030		630,457		230,549		169,193		333,215		115,753		49,384		97,954		2,472,535
Farmland		297,788		37,288		31,454		37,485		28,925		29,480		40,043		—		502,463
5+ Multi-family		190,922		80,293		2,835		32,498		39,802		6,298		2,418		94,789		449,855
1-4 Family construction		144		—		—		—		—		—		30,131		—		30,275
General construction		20,452		3,082		1,215		514		358		2,738		733,952		6,310		768,621
Total Commercial real estate		1,934,548		1,085,218		499,245		410,603		522,903		330,646		874,808		250,963		5,908,934
Consumer real estate:
HELOC		82,410		11,236		4,263		241		63		2,561		294,390		5		395,169
First lien: 1-4 family		896,676		304,017		83,429		87,927		78,458		75,408		2,579		—		1,528,494
Junior lien: 1-4 family		9,142		6,383		2,360		1,247		948		1,470		281		—		21,831
Total Consumer real estate		988,228		321,636		90,052		89,415		79,469		79,439		297,250		5		1,945,494
Consumer:
Revolving line		—		—		—		—		—		—		65,215		—		65,215
Auto		12,470		9,846		2,960		1,645		680		348		—		—		27,949
Other		5,017		3,200		2,131		216		1,005		172		13,081		—		24,822
Total Consumer		17,487		13,046		5,091		1,861		1,685		520		78,296		—		117,986
Credit cards:
Consumer		—		—		—		—		—		—		188,681		—		188,681
Commercial		—		—		—		—		—		—		178,287		—		178,287
Total Credit cards		—		—		—		—		—		—		366,968		—		366,968
Leases and other:
Leases		—		915		—		787		—		711		—		—		2,413
Other		33,626		10,758		7,659		2,611		1,323		646		131,859		—		188,482
Total Leases and other		33,626		11,673		7,659		3,398		1,323		1,357		131,859		—		190,895
Total loans	$	6,232,622	$	2,122,556	$	1,075,973	$	694,095	$	786,120	$	481,977	$	4,459,302	$	251,006	$	16,103,651

Summary of Amortized Cost Balance by Collateral Type and Risk Rating

The following table provides a summary of the amortized cost balance by collateral type and risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
Risk by Collateral													Amortized Cost - Revolving Loans		Amortized Cost - Revolving Loans Converted to Term Loans
	Amortized Cost Basis by Origination Year - Term Loans
	2020		2019		2018		2017		2016		Prior						Total
Equipment/Accounts Receivable/Inventory
Non-watch list – Pass	$	2,975,305	$	664,016	$	439,460	$	171,409	$	165,321	$	67,442	$	1,948,261	$	—	$	6,431,214
Watch – Pass		89,746		10,400		9,309		5,126		11,044		1,592		70,768		—		197,985
Special Mention		53,334		9,788		15,524		1,898		2,158		—		8,485		—		91,187
Substandard		67,118		231		7,657		1,369		53		565		81,246		—		158,239
Doubtful		86		53		—		5,365		—		—		39		—		5,543
Total Equipment/Accounts Receivable/Inventory	$	3,185,589	$	684,488	$	471,950	$	185,167	$	178,576	$	69,599	$	2,108,799	$	—	$	6,884,168
Agriculture
Non-watch list – Pass	$	7,880	$	3,924	$	1,389	$	1,379	$	1,759	$	404	$	92,917	$	38	$	109,690
Watch – Pass		179		2,571		188		102		345		—		17,956		—		21,341
Special Mention		303		—		399		22		—		12		6,674		—		7,410
Substandard		524		—		—		2,148		60		—		20,408		—		23,140
Doubtful		—		—		—		—		—		—		—		—		—
Total Agriculture	$	8,886	$	6,495	$	1,976	$	3,651	$	2,164	$	416	$	137,955	$	38	$	161,581

The following table provides a summary of the amortized cost balance by risk rating for asset-based loans as of December 31, 2020 (in thousands):

	December 31, 2020
Risk	Asset-based lending
In-margin	$	331,360
Out-of-margin		23,989
Total	$	355,349

The following table provides a summary of the amortized cost balance by risk rating for factoring loans as of December 31, 2020 (in thousands):

	December 31, 2020
Risk	Factoring
Tier 1	$	10,774
Tier 2		135,861
Evaluated for impairment		9,316
Total	$	155,951

The following table provides a summary of the amortized cost balance by collateral type and risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
Risk by Collateral													Amortized Cost - Revolving Loans		Amortized Cost - Revolving Loans Converted to Term Loans
	Amortized Cost Basis by Origination Year - Term Loans
	2020		2019		2018		2017		2016		Prior						Total
Owner-occupied
Non-watch list – Pass	$	568,636	$	327,579	$	227,581	$	141,758	$	118,593	$	163,292	$	15,052	$	51,910	$	1,614,401
Watch – Pass		1,712		6,413		4,761		1,194		—		8,581		—		—		22,661
Special Mention		1,424		—		—		—		1,588		—		—		—		3,012
Substandard		7,440		106		850		27,961		422		4,504		3,828		—		45,111
Doubtful		—		—		—		—		—		—		—		—		—
Total Owner-occupied	$	579,212	$	334,098	$	233,192	$	170,913	$	120,603	$	176,377	$	18,880	$	51,910	$	1,685,185
Non-owner-occupied
Non-watch list – Pass	$	802,078	$	525,246	$	205,484	$	156,290	$	294,979	$	101,616	$	49,384	$	81,499	$	2,216,576
Watch – Pass		43,769		45,748		25,065		12,903		1,936		7,701		—		16,455		153,577
Special Mention		183		32,953		—		—		36,300		5,100		—		—		74,536
Substandard		—		26,510		—		—		—		1,336		—		—		27,846
Doubtful		—		—		—		—		—		—		—		—		—
Total Non-owner-occupied	$	846,030	$	630,457	$	230,549	$	169,193	$	333,215	$	115,753	$	49,384	$	97,954	$	2,472,535
Farmland
Non-watch list – Pass	$	237,124	$	27,815	$	15,907	$	26,071	$	13,376	$	8,924	$	19,074	$	—	$	348,291
Watch – Pass		20,992		9,221		13,404		5,133		6,301		19,835		17,699		—		92,585
Special Mention		—		—		630		1,854		4,901		40		861		—		8,286
Substandard		39,672		252		1,513		4,427		4,347		681		2,409		—		53,301
Doubtful		—		—		—		—		—		—		—		—		—
Total Farmland	$	297,788	$	37,288	$	31,454	$	37,485	$	28,925	$	29,480	$	40,043	$	—	$	502,463
5+ Multi-family
Non-watch list – Pass	$	190,922	$	77,846	$	2,835	$	31,173	$	39,802	$	6,298	$	2,418	$	94,789	$	446,083
Watch – Pass		—		—		—		1,325		—		—		—		—		1,325
Special Mention		—		2,447		—		—		—		—		—		—		2,447
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total 5+ Multi-family	$	190,922	$	80,293	$	2,835	$	32,498	$	39,802	$	6,298	$	2,418	$	94,789	$	449,855
1-4 Family construction
Non-watch list – Pass	$	144	$	—	$	—	$	—	$	—	$	—	$	30,131	$	—	$	30,275
Watch – Pass		—		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total 1-4 Family construction	$	144	$	—	$	—	$	—	$	—	$	—	$	30,131	$	—	$	30,275
General construction
Non-watch list – Pass	$	20,452	$	2,996	$	1,215	$	514	$	358	$	2,738	$	730,616	$	6,310	$	765,199
Watch – Pass		—		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		3,336		—		3,336
Doubtful		—		86		—		—		—		—		—		—		86
Total General construction	$	20,452	$	3,082	$	1,215	$	514	$	358	$	2,738	$	733,952	$	6,310	$	768,621

The following table provides a summary of the amortized cost balance by collateral type and risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
Risk by Collateral													Amortized Cost - Revolving Loans		Amortized Cost - Revolving Loans Converted to Term Loans
	Amortized Cost Basis by Origination Year - Term Loans
	2020		2019		2018		2017		2016		Prior						Total
HELOC
Performing	$	82,410	$	11,209	$	4,213	$	241	$	63	$	2,518	$	291,340	$	5	$	391,999
Non-performing		—		27		50		—		—		43		3,050		—		3,170
Total HELOC	$	82,410	$	11,236	$	4,263	$	241	$	63	$	2,561	$	294,390	$	5	$	395,169
First lien: 1-4 family
Performing	$	896,676	$	303,810	$	83,429	$	87,637	$	77,466	$	74,849	$	2,579	$	—	$	1,526,446
Non-performing		—		207		—		290		992		559		—		—		2,048
Total First lien: 1-4 family	$	896,676	$	304,017	$	83,429	$	87,927	$	78,458	$	75,408	$	2,579	$	—	$	1,528,494
Junior lien: 1-4 family
Performing	$	9,142	$	6,374	$	2,317	$	1,225	$	908	$	1,456	$	281	$	—	$	21,703
Non-performing		—		9		43		22		40		14		—		—		128
Total Junior lien: 1-4 family	$	9,142	$	6,383	$	2,360	$	1,247	$	948	$	1,470	$	281	$	—	$	21,831

The following table provides a summary of the amortized cost balance by collateral type and risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
													Amortized Cost - Revolving Loans		Amortized Cost - Revolving Loans Converted to Term Loans
Risk by Collateral
	Amortized Cost Basis by Origination Year - Term Loans
	2020		2019		2018		2017		2016		Prior						Total
Revolving line
Performing	$	—	$	—	$	—	$	—	$	—	$	—	$	65,215	$	—	$	65,215
Non-performing		—		—		—		—		—		—		—		—		—
Total Revolving line	$	—	$	—	$	—	$	—	$	—	$	—	$	65,215	$	—	$	65,215
Auto
Performing	$	12,465	$	9,784	$	2,960	$	1,645	$	680	$	347	$	—	$	—	$	27,881
Non-performing		5		62		—		—		—		1		—		—		68
Total Auto	$	12,470	$	9,846	$	2,960	$	1,645	$	680	$	348	$	—	$	—	$	27,949
Other
Performing	$	5,000	$	3,200	$	2,131	$	214	$	1,005	$	172	$	13,081	$	—	$	24,803
Non-performing		17		—		—		2		—		—		—		—		19
Total Other	$	5,017	$	3,200	$	2,131	$	216	$	1,005	$	172	$	13,081	$	—	$	24,822

The following table provides a summary of the amortized cost balance of consumer credit cards by risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
Risk	Consumer
Transactor accounts	$	51,017
Revolver accounts (by FICO score):
Less than 600		7,230
600-619		2,950
620-639		5,493
640-659		9,497
660-679		15,541
680-699		19,345
700-719		18,048
720-739		16,288
740-759		13,944
760-779		9,493
780-799		7,088
800-819		5,513
820-839		4,570
840+		2,664
Total	$	188,681

The following table provides a summary of the amortized cost balance of commercial credit cards by risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
Risk	Commercial
Current	$	170,412
Past Due		7,875
Total	$	178,287

The following table provides a summary of the amortized cost balance by collateral type and risk rating as of December 31, 2020 (in thousands):

	December 31, 2020
Risk	Leases		Other
Non-watch list – Pass	$	2,413	$	187,924
Watch – Pass		—		350
Special Mention		—		—
Substandard		—		208
Doubtful		—		—
Total	$	2,413	$	188,482

Credit Risk Profile by Risk Rating and Based on Payment Activity

This table provides an analysis of the credit risk profile of each loan class at December 31, 2019 (in thousands):

Credit Exposure

Credit Risk Profile by Risk Rating

	December 31, 2019
	Commercial		Asset-based		Factoring		Real estate – construction		Real estate – commercial
Non-watch list – Pass	$	5,380,205	$	230,526	$	127,310	$	837,836	$	4,078,673
Watch – Pass		257,040		—		—		175		110,530
Special Mention		91,020		34,640		1,376		307		28,020
Substandard		113,737		27,065		41,874		4,028		111,501
Total	$	5,842,002	$	292,231	$	170,560	$	842,346	$	4,328,724

Credit Exposure

Credit Risk Profile Based on Payment Activity

	December 31, 2019
	Commercial – credit card		Real estate – residential		Real estate – HELOC		Consumer – credit card		Consumer – other		Leases
Performing	$	182,214	$	926,312	$	468,228	$	225,939	$	132,414	$	1,978
Non-performing		24		6,964		9,923		803		1,060		—
Total	$	182,238	$	933,276	$	478,151	$	226,742	$	133,474	$	1,978

Rollforward of Allowance for Credit/Loan Losses by Portfolio Segment

This table provides a rollforward of the allowance for credit losses by portfolio segment for the year ended December 31, 2020 (in thousands):

	Year Ended December 31, 2020
	Commercial and industrial			Specialty lending		Commercial real estate			Consumer real estate			Consumer			Credit cards			Leases and other			Total - Loans			HTM			Total
Allowance for credit losses:
Beginning balance	$	63,313		$	2,545	$	15,951		$	2,623		$	543		$	15,739		$	1,074		$	101,788		$	—		$	101,788
ASU 2016-13 adjustment		3,677			148		926			152			31			914			62			5,910			3,120			9,030
Adjusted beginning balance		66,990			2,693		16,877			2,775			574			16,653			1,136			107,698			3,120			110,818
Charge-offs		(8,587	)		—		(11,939	)		(219	)		(607	)		(7,326	)		(11	)		(28,689	)		—			(28,689	)
Recoveries		6,473			—		91			69			307			1,618			6			8,564			—			8,564
Provision		57,824			2,526		56,902			3,961			1,206			4,841			1,140			128,400			(510	)		127,890
Ending balance - ACL	$	122,700		$	5,219	$	61,931		$	6,586		$	1,480		$	15,786		$	2,271		$	215,973		$	2,610		$	218,583
Allowance for credit losses on off-balance sheet credit exposures:
Beginning balance	$	2,263		$	53	$	257		$	102		$	22		$	—		$	211		$	2,908		$	70		$	2,978
Provision		1,596			234		190			43			359			—			203			2,625			(15	)		2,610
Ending balance - ACL on off-balance sheet	$	3,859		$	287	$	447		$	145		$	381		$	—		$	414		$	5,533		$	55		$	5,588

This table provides a rollforward of the allowance for loan losses by portfolio segment for the year ended December 31, 2019 (in thousands):

	Year Ended December 31, 2019
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	80,888		$	13,664		$	9,071		$	12		$	103,635
Charge-offs		(36,716	)		(444	)		(8,920	)		—			(46,080	)
Recoveries		7,746			1,122			2,515			—			11,383
Provision		19,340			5,972			7,545			(7	)		32,850
Ending Balance	$	71,258		$	20,314		$	10,211		$	5		$	101,788
Ending Balance: individually evaluated for impairment	$	271		$	467		$	—		$	—		$	738
Ending Balance: collectively evaluated for impairment		70,987			19,847			10,211			5			101,050
Loans:
Ending Balance: loans	$	6,487,031		$	6,582,497		$	360,216		$	1,978		$	13,431,722
Ending Balance: individually evaluated for impairment		25,769			26,047			—			—			51,816
Ending Balance: collectively evaluated for impairment		6,461,262			6,556,450			360,216			1,978			13,379,906

This table provides a rollforward of the allowance for loan losses by portfolio segment for the year ended December 31, 2018 (in thousands):

	Year Ended December 31, 2018
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	81,156		$	9,312		$	10,083		$	53		$	100,604
Charge-offs		(64,371	)		(3,428	)		(9,744	)		—			(77,543	)
Recoveries		6,753			445			2,626			—			9,824
Provision		57,350			7,335			6,106			(41	)		70,750
Ending Balance	$	80,888		$	13,664		$	9,071		$	12		$	103,635
Ending Balance: individually evaluated for impairment	$	4,605		$	106		$	—		$	—		$	4,711
Ending Balance: collectively evaluated for impairment		76,283			13,558			9,071			12			98,924
Loans:
Ending Balance: loans	$	6,037,065		$	5,760,070		$	375,767		$	5,248		$	12,178,150
Ending Balance: individually evaluated for impairment		31,006			8,233			—			—			39,239
Ending Balance: collectively evaluated for impairment		6,006,059			5,751,837			375,767			5,248			12,138,911

Summary of Amortized Cost Balance of Financial Assets Considered Collateral Dependent

This table provides the amortized cost balance of financial assets considered collateral dependent as of December 31, 2020 (in thousands):

	December 31, 2020
Loan Segment and Type	Amortized Cost of Collateral Dependent Assets		Related Allowance for Credit Losses		Amortized Cost of Collateral Dependent Assets with no related Allowance
Commercial and industrial:
Equipment/Accounts Receivable/Inventory	$	29,684	$	4,828	$	5,830
Agriculture		4,086		—		4,086
Total Commercial and industrial		33,770		4,828		9,916
Specialty lending:
Asset-based lending		17,875		4,490		242
Factoring		1,561		173		—
Total Specialty lending		19,436		4,663		242
Commercial real estate:
Owner-occupied		16,539		—		16,539
Non-owner-occupied		—		—		—
Farmland		8,625		—		8,625
5+ Multi-family		—		—		—
1-4 Family construction		—		—		—
General construction		3,423		582		770
Total Commercial real estate		28,587		582		25,934
Consumer real estate:
HELOC		3,170		—		3,170
First lien: 1-4 family		2,468		54		2,047
Junior lien: 1-4 family		212		—		212
Total Consumer real estate		5,850		54		5,429
Consumer:
Revolving line		—		—		—
Auto		69		—		69
Other		19		—		19
Total Consumer		88		—		88
Leases and other:
Leases		—		—		—
Other		—		—		—
Total Leases and other		—		—		—
Total loans	$	87,731	$	10,127	$	41,609

Analysis of Impaired Loans

This table provides an analysis of impaired loans by class as of December 31, 2019 (in thousands):

	As of December 31, 2019
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Commercial:
Commercial	$	32,301	$	20,986	$	856	$	21,842	$	271	$	31,271
Asset-based		948		948		—		948		—		190
Factoring		2,979		2,979		—		2,979		—		3,917
Commercial – credit card		—		—		—		—		—		—
Real estate:
Real estate – construction		97		95		—		95		—		19
Real estate – commercial		28,258		19,314		4,928		24,242		387		19,826
Real estate – residential		1,751		1,617		93		1,710		80		846
Real estate – HELOC		—		—		—		—		—		—
Consumer:
Consumer – credit card		—		—		—		—		—		—
Consumer – other		—		—		—		—		—		70
Leases		—		—		—		—		—		—
Total	$	66,334	$	45,939	$	5,877	$	51,816	$	738	$	56,139

This table provides an analysis of impaired loans by class as of December 31, 2018 (in thousands):

	As of December 31, 2018
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Commercial:
Commercial	$	40,402	$	16,470	$	14,536	$	31,006	$	4,605	$	43,335
Asset-based		—		—		—		—		—		—
Factoring		—		—		—		—		—		275
Commercial – credit card		—		—		—		—		—		—
Real estate:
Real estate – construction		—		—		—		—		—		55
Real estate – commercial		10,856		7,776		165		7,941		28		11,279
Real estate – residential		304		197		95		292		78		303
Real estate – HELOC		—		—		—		—		—		—
Consumer:
Consumer – credit card		—		—		—		—		—		—
Consumer – other		—		—		—		—		—		—
Leases		—		—		—		—		—		—
Total	$	51,562	$	24,443	$	14,796	$	39,239	$	4,711	$	55,247