XML 52 R33.htm IDEA: XBRL DOCUMENT

Loans Receivable and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2019

Loans and Leases Receivable Disclosure [Abstract]

Schedule of composition of non-PCI and PCI loans

The following table presents the composition of the Company’s non-PCI and PCI loans as of June 30, 2019 and December 31, 2018:




($ in thousands)	June 30, 2019									December 31, 2018
($ in thousands)	Non-PCI Loans ⁽¹⁾			PCI Loans ⁽²⁾			Total ⁽¹⁾⁽²⁾			Non-PCI Loans ⁽¹⁾			PCI Loans ⁽²⁾			Total ⁽¹⁾⁽²⁾
Commercial:
C&I	$	12,401,090		$	1,877		$	12,402,967		$	12,054,818		$	2,152		$	12,056,970
CRE	9,722,582			145,851			9,868,433			9,284,583			165,252			9,449,835
Multifamily residential	2,347,751			24,594			2,372,345			2,246,506			34,526			2,281,032
Construction and land	674,757			41			674,798			538,752			42			538,794
Total commercial	25,146,180			172,363			25,318,543			24,124,659			201,972			24,326,631
Consumer:
Single-family residential	6,403,628			91,254			6,494,882			5,939,258			97,196			6,036,454
HELOCs	1,567,900			7,250			1,575,150			1,681,979			8,855			1,690,834
Other consumer	341,802			—			341,802			331,270			—			331,270
Total consumer	8,313,330			98,504			8,411,834			7,952,507			106,051			8,058,558
Total loans held-for-investment	$	33,459,510		$	270,867		$	33,730,377		$	32,077,166		$	308,023		$	32,385,189
Allowance for loan losses	(330,620		)	(5		)	(330,625		)	(311,300		)	(22		)	(311,322		)
Loans held-for-investment, net	$	33,128,890		$	270,862		$	33,399,752		$	31,765,866		$	308,001		$	32,073,867


(1)	Includes net deferred loan fees, unearned fees, unamortized premiums and unaccreted discounts of $(43.8) million and $(48.9) million as of June 30, 2019 and December 31, 2018, respectively.

(2)

Includes ASC 310-30 discount of $18.9 million and $22.2 million as of June 30, 2019 and December 31, 2018, respectively.

Summary of credit risk rating for non-PCI and PCI loans by portfolio segment

The following tables present the credit risk ratings for non-PCI loans by portfolio segment as of June 30, 2019 and December 31, 2018:




($ in thousands)	June 30, 2019
($ in thousands)	Pass/Watch		Special Mention		Substandard		Doubtful		Total Non-PCI Loans
Commercial:
C&I	$	11,789,639	$	368,328	$	231,235	$	11,888	$	12,401,090
CRE	9,531,912		100,410		90,260		—		9,722,582
Multifamily residential	2,318,019		20,380		9,352		—		2,347,751
Construction and land	620,665		20,463		33,629		—		674,757
Total commercial	24,260,235		509,581		364,476		11,888		25,146,180
Consumer:
Single-family residential	6,385,059		1,471		17,098		—		6,403,628
HELOCs	1,550,377		3,707		13,816		—		1,567,900
Other consumer	325,289		14,009		2,504		—		341,802
Total consumer	8,260,725		19,187		33,418		—		8,313,330
Total	$	32,520,960	$	528,768	$	397,894	$	11,888	$	33,459,510




($ in thousands)	December 31, 2018
($ in thousands)	Pass/Watch		Special Mention		Substandard		Doubtful		Total Non-PCI Loans
Commercial:
C&I	$	11,644,470	$	260,089	$	139,844	$	10,415	$	12,054,818
CRE	9,144,646		49,705		90,232		—		9,284,583
Multifamily residential	2,215,573		20,551		10,382		—		2,246,506
Construction and land	485,217		19,838		33,697		—		538,752
Total commercial	23,489,906		350,183		274,155		10,415		24,124,659
Consumer:
Single-family residential	5,925,584		6,376		7,298		—		5,939,258
HELOCs	1,669,300		1,576		11,103		—		1,681,979
Other consumer	328,767		1		2,502		—		331,270
Total consumer	7,923,651		7,953		20,903		—		7,952,507
Total	$	31,413,557	$	358,136	$	295,058	$	10,415	$	32,077,166

The following tables present the credit risk ratings for PCI loans by portfolio segment as of June 30, 2019 and December 31, 2018:




($ in thousands)	June 30, 2019
($ in thousands)	Pass/Watch		Special Mention		Substandard		Doubtful		Total PCI Loans
Commercial:
C&I	$	1,877	$	—	$	—	$	—	$	1,877
CRE	127,083		6		18,762		—		145,851
Multifamily residential	23,856		—		738		—		24,594
Construction and land	41		—		—		—		41
Total commercial	152,857		6		19,500		—		172,363
Consumer:
Single-family residential	89,623		764		867		—		91,254
HELOCs	6,868		—		382		—		7,250
Total consumer	96,491		764		1,249		—		98,504
Total ⁽¹⁾	$	249,348	$	770	$	20,749	$	—	$	270,867




($ in thousands)	December 31, 2018
($ in thousands)	Pass/Watch		Special Mention		Substandard		Doubtful		Total PCI Loans
Commercial:
C&I	$	1,996	$	—	$	156	$	—	$	2,152
CRE	146,057		—		19,195		—		165,252
Multifamily residential	33,003		—		1,523		—		34,526
Construction and land	42		—		—		—		42
Total commercial	181,098		—		20,874		—		201,972
Consumer:
Single-family residential	95,789		1,021		386		—		97,196
HELOCs	8,314		256		285		—		8,855
Total consumer	104,103		1,277		671		—		106,051
Total ⁽¹⁾	$	285,201	$	1,277	$	21,545	$	—	$	308,023


(1)	Loans net of ASC 310-30 discount.

Schedule of aging analysis on non-PCI loans

The following tables present the aging analysis on non-PCI loans as of June 30, 2019 and December 31, 2018:




($ in thousands)	June 30, 2019
($ in thousands)	Accruing Loans 30-59 Days Past Due		Accruing Loans 60-89 Days Past Due		Total Accruing Past Due Loans		Nonaccrual Loans Less Than 90 Days Past Due		Nonaccrual Loans 90 or More Days Past Due		Total Nonaccrual Loans		Current Accruing Loans		Total Non-PCI Loans
Commercial:
C&I	$	11,878	$	6,176	$	18,054	$	36,208	$	36,942	$	73,150	$	12,309,886	$	12,401,090
CRE	11,099		70		11,169		3,038		17,876		20,914		9,690,499		9,722,582
Multifamily residential	386		—		386		1,013		14		1,027		2,346,338		2,347,751
Construction and land	—		—		—		—		—		—		674,757		674,757
Total commercial	23,363		6,246		29,609		40,259		54,832		95,091		25,021,480		25,146,180
Consumer:
Single-family residential	18,052		2,397		20,449		712		12,363		13,075		6,370,104		6,403,628
HELOCs	6,116		4,968		11,084		57		7,287		7,344		1,549,472		1,567,900
Other consumer	4		14		18		—		2,504		2,504		339,280		341,802
Total consumer	24,172		7,379		31,551		769		22,154		22,923		8,258,856		8,313,330
Total	$	47,535	$	13,625	$	61,160	$	41,028	$	76,986	$	118,014	$	33,280,336	$	33,459,510




($ in thousands)	December 31, 2018
($ in thousands)	Accruing Loans 30-59 Days Past Due		Accruing Loans 60-89 Days Past Due		Total Accruing Past Due Loans		Nonaccrual Loans Less Than 90 Days Past Due		Nonaccrual Loans 90 or More Days Past Due		Total Nonaccrual Loans		Current Accruing Loans		Total Non-PCI Loans
Commercial:
C&I	$	21,032	$	19,170	$	40,202	$	17,097	$	26,743	$	43,840	$	11,970,776	$	12,054,818
CRE	7,740		—		7,740		3,704		20,514		24,218		9,252,625		9,284,583
Multifamily residential	4,174		—		4,174		1,067		193		1,260		2,241,072		2,246,506
Construction and land	207		—		207		—		—		—		538,545		538,752
Total commercial	33,153		19,170		52,323		21,868		47,450		69,318		24,003,018		24,124,659
Consumer:
Single-family residential	14,645		7,850		22,495		509		4,750		5,259		5,911,504		5,939,258
HELOCs	2,573		1,816		4,389		1,423		7,191		8,614		1,668,976		1,681,979
Other consumer	11		12		23		—		2,502		2,502		328,745		331,270
Total consumer	17,229		9,678		26,907		1,932		14,443		16,375		7,909,225		7,952,507
Total	$	50,382	$	28,848	$	79,230	$	23,800	$	61,893	$	85,693	$	31,912,243	$	32,077,166

Summary of additions and modifications to non-PCI troubled debt restructurings

The following tables present the additions to non-PCI TDRs for the three and six months ended June 30, 2019 and 2018:




($ in thousands)	Loans Modified as TDRs During the Three Months Ended June 30,
	2019							2018
	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment ⁽¹⁾		Financial Impact ⁽²⁾		Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment ⁽¹⁾		Financial Impact ⁽²⁾
Commercial:
C&I	6	$	48,099	$	48,054	$	5,869	—	$	—	$	—	$	—
CRE	—	$	—	$	—	$	—	1	$	750	$	837	$	—
Consumer:
Single-family residential	1	$	220	$	219	$	—	2	$	405	$	404	$	(26	)
HELOCs	—	$	—	$	—	$	—	2	$	1,546	$	1,536	$	—




($ in thousands)	Loans Modified as TDRs During the Six Months Ended June 30,
	2019							2018
	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment ⁽¹⁾		Financial Impact ⁽²⁾		Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment ⁽¹⁾		Financial Impact ⁽²⁾
Commercial:
C&I	9	$	77,250	$	77,486	$	5,929	—	$	—	$	—	$	—
CRE	—	$	—	$	—	$	—	1	$	750	$	837	$	—
Consumer:
Single-family residential	1	$	220	$	219	$	—	2	$	405	$	404	$	(26	)
HELOCs	—	$	—	$	—	$	—	2	$	1,546	$	1,536	$	—


(1)	Includes subsequent payments after modification and reflects the balance as of June 30, 2019 and 2018.


(2)	The financial impact includes increases in charge-offs and specific reserves recorded at the modification date.

The following tables present the non-PCI TDR post-modification outstanding balances for the three and six months ended June 30, 2019 and 2018 by modification type:




($ in thousands)	Modification Type During the Three Months Ended June 30,
	2019								2018
	Principal ⁽¹⁾		Interest Rate Reduction		Other ⁽²⁾		Total		Principal ⁽¹⁾		Interest Rate Reduction		Other		Total
Commercial:
C&I	$	9,909	$	—	$	38,145	$	48,054	$	—	$	—	$	—	$	—
CRE	—		—		—		—		—		837		—		837
Total commercial	9,909		—		38,145		48,054		—		837		—		837
Consumer:
Single-family residential	—		—		219		219		65		—		339		404
HELOCs	—		—		—		—		1,464		—		72		1,536
Total consumer	—		—		219		219		1,529		—		411		1,940
Total	$	9,909	$	—	$	38,364	$	48,273	$	1,529	$	837	$	411	$	2,777




($ in thousands)	Modification Type During the Six Months Ended June 30,
	2019								2018
	Principal ⁽¹⁾		Interest Rate Reduction		Other ⁽²⁾		Total		Principal ⁽¹⁾		Interest Rate Reduction		Other		Total
Commercial:
C&I	$	39,341	$	—	$	38,145	$	77,486	$	—	$	—	$	—	$	—
CRE	—		—		—		—		—		837		—		837
Total commercial	39,341		—		38,145		77,486		—		837		—		837
Consumer:
Single-family residential	—		—		219		219		65		—		339		404
HELOCs	—		—		—		—		1,464		—		72		1,536
Total consumer	—		—		219		219		1,529		—		411		1,940
Total	$	39,341	$	—	$	38,364	$	77,705	$	1,529	$	837	$	411	$	2,777


(1)	Includes forbearance payments, term extensions and principal deferments that modify the terms of the loan from principal and interest payments to interest payments only.

(2)

Includes funding to secure additional collateral and provides liquidity to collateral-dependent C&I loans.

Summary of TDR loans subsequently defaulted

The following tables present information on loans modified as TDRs within the previous 12 months, which have subsequently defaulted during the three and six months ended June 30, 2019 and 2018, and were still in default at the respective period end:




($ in thousands)	Loans Modified as TDRs that Subsequently Defaulted During the Three Months Ended June 30,
	2019			2018
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Commercial:
C&I	1	$	1,484	—	$	—




($ in thousands)	Loans Modified as TDRs that Subsequently Defaulted During the Six Months Ended June 30,
	2019			2018
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Commercial:
C&I	1	$	1,484	—	$	—

Summary of non-PCI impaired loans

The following tables present information on non-PCI impaired loans as of June 30, 2019 and December 31, 2018:




($ in thousands)	June 30, 2019
($ in thousands)	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial:
C&I	$	163,004	$	105,843	$	37,277	$	143,120	$	14,137
CRE	33,071		25,351		1,594		26,945		134
Multifamily residential	5,761		2,402		2,851		5,253		64
Total commercial	201,836		133,596		41,722		175,318		14,335
Consumer:
Single-family residential	22,234		3,940		16,950		20,890		48
HELOCs	9,972		4,775		5,158		9,933		5
Other consumer	2,504		—		2,504		2,504		2,500
Total consumer	34,710		8,715		24,612		33,327		2,553
Total non-PCI impaired loans	$	236,546	$	142,311	$	66,334	$	208,645	$	16,888




($ in thousands)	December 31, 2018
($ in thousands)	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial:
C&I	$	82,963	$	48,479	$	8,609	$	57,088	$	1,219
CRE	36,426		28,285		2,067		30,352		208
Multifamily residential	6,031		2,949		2,611		5,560		75
Total commercial	125,420		79,713		13,287		93,000		1,502
Consumer:
Single-family residential	14,670		2,552		10,908		13,460		34
HELOCs	10,035		5,547		4,409		9,956		5
Other consumer	2,502		—		2,502		2,502		2,491
Total consumer	27,207		8,099		17,819		25,918		2,530
Total non-PCI impaired loans	$	152,627	$	87,812	$	31,106	$	118,918	$	4,032

Schedule of average recorded investment and interest income recognized on non-PCI impaired loans

The following table presents the average recorded investment and interest income recognized on non-PCI impaired loans for the three and six months ended June 30, 2019 and 2018:




($ in thousands)	Three Months Ended June 30,								Six Months Ended June 30,
	2019				2018				2019				2018
	Average Recorded Investment		Recognized Interest Income ⁽¹⁾		Average Recorded Investment		Recognized Interest Income ⁽¹⁾		Average Recorded Investment		Recognized Interest Income ⁽¹⁾		Average Recorded Investment		Recognized Interest Income ⁽¹⁾
Commercial:
C&I	$	182,689	$	1,081	$	103,767	$	95	$	189,553	$	1,816	$	112,193	$	357
CRE	29,241		135		34,547		116		31,456		249		35,602		259
Multifamily residential	5,852		61		9,358		52		5,883		121		11,141		134
Construction and land	—		—		3,973		—		—		—		3,973		—
Total commercial	217,782		1,277		151,645		263		226,892		2,186		162,909		750
Consumer:
Single-family residential	23,247		129		18,852		115		24,865		258		19,331		228
HELOCs	13,564		38		9,496		18		15,321		56		10,897		33
Other consumer	2,515		—		2,491		—		2,526		—		2,491		—
Total consumer	39,326		167		30,839		133		42,712		314		32,719		261
Total non-PCI impaired loans	$	257,108	$	1,444	$	182,484	$	396	$	269,604	$	2,500	$	195,628	$	1,011

(1)

Includes interest income recognized on accruing non-PCI TDRs. Interest payments received on nonaccrual non-PCI loans are reflected as a reduction to principal, not as interest income.

Summary of activities in the allowance for credit losses

The following table presents a summary of activities in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2019 and 2018:




($ in thousands)	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Non-PCI Loans
Allowance for non-PCI loans, beginning of period	$	317,880		$	297,607		$	311,300		$	287,070
Provision for loan losses on non-PCI loans	20,740			15,139			41,388			35,072
Gross charge-offs:
Commercial:
C&I	(11,745		)	(13,534		)	(28,989		)	(31,979		)
Consumer:
Single-family residential	—			—			—			(1		)
Other consumer	(14		)	(162		)	(28		)	(179		)
Total gross charge-offs	(11,759		)	(13,696		)	(29,017		)	(32,159		)
Gross recoveries:
Commercial:
C&I	1,713			1,151			3,964			8,430
CRE	1,837			2			2,059			429
Multifamily residential	53			1,061			334			1,394
Construction and land	439			258			502			693
Consumer:
Single-family residential	72			629			74			813
HELOCs	—			—			2			—
Other consumer	7			—			7			1
Total gross recoveries	4,121			3,101			6,942			11,760
Net charge-offs	(7,638		)	(10,595		)	(22,075		)	(20,399		)
Foreign currency translation adjustments	(362		)	(640		)	7			(232		)
Allowance for non-PCI loans, end of period	330,620			301,511			330,620			301,511
PCI Loans
Allowance for PCI loans, beginning of period	14			47			22			58
Reversal of loan losses on PCI loans	(9		)	(8		)	(17		)	(19		)
Allowance for PCI loans, end of period	5			39			5			39
Allowance for loan losses	$	330,625		$	301,550		$	330,625		$	301,550

The following table presents a summary of activities in the allowance for unfunded credit reserves for the three and six months ended June 30, 2019 and 2018:




($ in thousands)	Three Months Ended June 30,					Six Months Ended June 30,
($ in thousands)	2019			2018		2019		2018
Allowance for unfunded credit reserves, beginning of period	$	14,505		$	13,614	$	12,566	$	13,318
(Reversal of) provision for unfunded credit reserves	(1,486		)	405		453		701
Allowance for unfunded credit reserves, end of period	$	13,019		$	14,019	$	13,019	$	14,019

Summary of allowance for loan losses and recorded investments by portfolio segment and impairment methodology

The following tables present the Company’s allowance for loan losses and recorded investments by portfolio segment and impairment methodology as of June 30, 2019 and December 31, 2018:




($ in thousands)	June 30, 2019
	Commercial								Consumer						Total
	C&I		CRE		Multifamily Residential		Construction and Land		Single- Family Residential		HELOCs		Other Consumer		Total
Allowance for loan losses
Individually evaluated for impairment	$	14,137	$	134	$	64	$	—	$	48	$	5	$	2,500	$	16,888
Collectively evaluated for impairment	191,366		40,378		18,510		22,961		32,715		6,172		1,630		313,732
Acquired with deteriorated credit quality	—		5		—		—		—		—		—		5
Total	$	205,503	$	40,517	$	18,574	$	22,961	$	32,763	$	6,177	$	4,130	$	330,625

Recorded investment in loans
Individually evaluated for impairment	$	143,120	$	26,945	$	5,253	$	—	$	20,890	$	9,933	$	2,504	$	208,645
Collectively evaluated for impairment	12,257,970		9,695,637		2,342,498		674,757		6,382,738		1,557,967		339,298		33,250,865
Acquired with deteriorated credit quality ⁽¹⁾	1,877		145,851		24,594		41		91,254		7,250		—		270,867
Total ⁽¹⁾	$	12,402,967	$	9,868,433	$	2,372,345	$	674,798	$	6,494,882	$	1,575,150	$	341,802	$	33,730,377




($ in thousands)	December 31, 2018
	Commercial								Consumer						Total
	C&I		CRE		Multifamily Residential		Construction and Land		Single- Family Residential		HELOCs		Other Consumer		Total
Allowance for loan losses
Individually evaluated for impairment	$	1,219	$	208	$	75	$	—	$	34	$	5	$	2,491	$	4,032
Collectively evaluated for impairment	190,121		38,823		19,208		20,282		31,306		5,769		1,759		307,268
Acquired with deteriorated credit quality	—		22		—		—		—		—		—		22
Total	$	191,340	$	39,053	$	19,283	$	20,282	$	31,340	$	5,774	$	4,250	$	311,322

Recorded investment in loans
Individually evaluated for impairment	$	57,088	$	30,352	$	5,560	$	—	$	13,460	$	9,956	$	2,502	$	118,918
Collectively evaluated for impairment	11,997,730		9,254,231		2,240,946		538,752		5,925,798		1,672,023		328,768		31,958,248
Acquired with deteriorated credit quality ⁽¹⁾	2,152		165,252		34,526		42		97,196		8,855		—		308,023
Total ⁽¹⁾	$	12,056,970	$	9,449,835	$	2,281,032	$	538,794	$	6,036,454	$	1,690,834	$	331,270	$	32,385,189

(1)

Loans net of ASC 310-30 discount.

Summary of changes in accretable yield for PCI loans

The following table presents the changes in accretable yield for PCI loans for the three and six months ended June 30, 2019 and 2018:




($ in thousands)	Three Months Ended June 30,						Six Months Ended June 30,
($ in thousands)	2019			2018			2019			2018
Accretable yield for PCI loans, beginning of period	$	68,861		$	95,864		$	74,870		$	101,977
Accretion	(5,806		)	(11,084		)	(12,007		)	(20,218		)
Changes in expected cash flows	998			272			1,190			3,293
Accretable yield for PCI loans, end of period	$	64,053		$	85,052		$	64,053		$	85,052

Schedule of loans purchases into the held-for-investment portfolio, reclassification of loans held-for-investment to/from held for-sale and sales of loans

The following tables present information about loan purchased for the held-for-investment portfolio, reclassification of loans from held-for-investment to held-for-sale, and sales during the three and six months ended June 30, 2019 and 2018:




($ in thousands)	Three Months Ended June 30, 2019
	Commercial								Consumer		Total
	C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale ⁽¹⁾	$	79,593	$	—	$	—	$	1,573	$	—	$	81,166
Sales ^(2)(3)(4)	$	76,031	$	—	$	—	$	1,573	$	1,172	$	78,776
Purchases ⁽⁵⁾	$	159,100	$	—	$	1,734	$	—	$	17,637	$	178,471




($ in thousands)	Three Months Ended June 30, 2018
	Commercial								Consumer		Total
	C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale ⁽¹⁾	$	99,449	$	30,415	$	—	$	—	$	—	$	129,864
Sales ^(2)(3)(4)	$	140,326	$	30,415	$	—	$	—	$	8,175	$	178,916
Purchases ⁽⁵⁾	$	285,615	$	—	$	3,249	$	—	$	20,912	$	309,776




($ in thousands)	Six Months Ended June 30, 2019
	Commercial								Consumer		Total
	C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale ⁽¹⁾	$	155,166	$	16,655	$	—	$	1,573	$	—	$	173,394
Sales ^(2)(3)(4)	$	151,677	$	16,655	$	—	$	1,573	$	3,614	$	173,519
Purchases ⁽⁵⁾	$	266,294	$	—	$	5,952	$	—	$	54,039	$	326,285




($ in thousands)	Six Months Ended June 30, 2018
	Commercial								Consumer		Total
	C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale ⁽¹⁾	$	245,840	$	39,791	$	—	$	—	$	—	$	285,631
Sales ^(2)(3)(4)	$	242,691	$	39,791	$	—	$	—	$	10,721	$	293,203
Purchases ⁽⁵⁾	$	350,362	$	—	$	3,435	$	—	$	36,025	$	389,822


(1)	The Company recorded $317 thousand and $390 thousand in write-downs to the allowance for loan losses related to loans transferred from held-for-investment to held-for-sale and subsequently sold during the three and six months ended June 30, 2019, respectively, and $13.3 million and $13.4 million during the same periods in 2018, respectively.

(2)

Includes originated loans sold of $55.7 million and $132.2 million for the three and six months ended June 30, 2019, respectively, and $103.5 million and $193.2 million during the same periods in 2018, respectively. Originated loans sold during the three and six months ended June 30, 2019 were primarily C&I loans. In comparison, originated loans sold during the same periods in 2018 were primarily C&I and CRE loans.


(3)	Includes purchased loans sold in the secondary market of $23.1 million and $41.3 million for the three and six months ended June 30, 2019, respectively, and $75.4 million and $100.0 million during the same periods in 2018, respectively.


(4)	Net gains on sales of loans, excluding the lower of cost or fair value adjustments, were $15 thousand and $930 thousand for the three and six months ended June 30, 2019, respectively, and $2.3 million and $3.9 million during the same periods in 2018, respectively. No lower of cost or fair value adjustments were recorded for each of the three and six months ended June 30, 2019 and 2018.


(5)	C&I loan purchases for each of the three and six months ended June 30, 2019 and 2018 were mainly comprised of C&I syndicated loans.