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Loans Receivable and Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule Of Composition Of Loans Held-For-Investment
The following table presents the composition of the Company’s loans held-for-investment outstanding as of June 30, 2022 and December 31, 2021:
($ in thousands)June 30, 2022December 31, 2021
Commercial:
C&I (1)
$15,377,117 $14,150,608 
CRE:
CRE13,566,748 12,155,047 
Multifamily residential4,443,704 3,675,605 
Construction and land515,857 346,486 
Total CRE18,526,309 16,177,138 
Total commercial33,903,426 30,327,746 
Consumer:
Residential mortgage:
Single-family residential10,234,473 9,093,702 
HELOCs2,280,080 2,144,821 
Total residential mortgage12,514,553 11,238,523 
Other consumer84,097 127,512 
Total consumer12,598,650 11,366,035 
Total loans held-for-investment (2)
$46,502,076 $41,693,781 
Allowance for loan losses(563,270)(541,579)
Loans held-for-investment, net (2)
$45,938,806 $41,152,202 
(1)Includes Paycheck Protection Program loans of $153.3 million and $534.2 million as of June 30, 2022 and December 31, 2021, respectively.
(2)Includes $(56.2) million and $(50.7) million of net deferred loan fees and net unamortized premiums as of June 30, 2022 and December 31, 2021, respectively.
Schedule Of Loans Held-For-Investment By Loan Portfolio Segments, Internal Risk Ratings And Vintage Year
The following tables summarize the Company’s loans held-for-investment by loan portfolio segments, internal risk ratings and vintage year as of June 30, 2022 and December 31, 2021. The vintage year is the year of origination, renewal or major modification.
($ in thousands)June 30, 2022
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans Total
20222021202020192018Prior
Commercial:
C&I:
Pass$1,632,575 $2,948,526 $769,887 $524,311 $170,119 $270,405 $8,656,225 $28,475 $15,000,523 
Criticized (accrual)64,608 43,748 50,746 32,574 24,206 19,222 101,437 — 336,541 
Criticized (nonaccrual)3,242 4,129 15,356 — 5,630 11,660 36 — 40,053 
Total C&I1,700,425 2,996,403 835,989 556,885 199,955 301,287 8,757,698 28,475 15,377,117 
CRE:
Pass2,638,027 2,565,665 1,815,298 1,907,721 1,598,242 2,358,965 150,983 14,498 13,049,399 
Criticized (accrual)5,023 109,974 69,751 99,541 101,188 102,333 1,455 16,808 506,073 
Criticized (nonaccrual)— 4,201 — — — 7,075 — — 11,276 
Subtotal CRE2,643,050 2,679,840 1,885,049 2,007,262 1,699,430 2,468,373 152,438 31,306 13,566,748 
Multifamily residential:
Pass1,091,403 967,791 687,577 591,961 371,378 661,082 13,301 — 4,384,493 
Criticized (accrual)— — 714 20,454 36,577 — — 57,745 
Criticized (nonaccrual)— — — — — 1,466 — — 1,466 
Subtotal multifamily residential1,091,403 967,791 687,577 592,675 391,832 699,125 13,301 — 4,443,704 
Construction and land:
Pass94,071 232,421 98,608 60,928 3,332 236 — — 489,596 
Criticized (accrual)— 4,405 — 21,856 — — — 26,261 
Criticized (nonaccrual)— — — — — — — — — 
Subtotal construction and land94,071 232,421 103,013 60,928 25,188 236 — — 515,857 
Total CRE3,828,524 3,880,052 2,675,639 2,660,865 2,116,450 3,167,734 165,739 31,306 18,526,309 
Total commercial5,528,949 6,876,455 3,511,628 3,217,750 2,316,405 3,469,021 8,923,437 59,781 33,903,426 
Consumer:
Residential mortgage:
Single-family residential:
Pass (1)
1,983,527 2,565,374 1,903,821 1,194,265 898,768 1,655,824 — — 10,201,579 
Criticized (accrual)— — 2,146 1,087 2,159 1,301 — — 6,693 
Criticized (nonaccrual) (1)
— — 753 2,778 8,504 14,166 — — 26,201 
Total single-family residential mortgage1,983,527 2,565,374 1,906,720 1,198,130 909,431 1,671,291 — — 10,234,473 
HELOCs:
Pass929 6,114 6,859 1,253 2,088 13,340 2,081,521 157,658 2,269,762 
Criticized (accrual)— — — — — 2 613 615 
Criticized (nonaccrual)— 1,008 815 220 463 1,640 1,692 3,865 9,703 
Total HELOCs929 7,122 7,674 1,473 2,551 14,980 2,083,215 162,136 2,280,080 
Total residential mortgage
1,984,456 2,572,496 1,914,394 1,199,603 911,982 1,686,271 2,083,215 162,136 12,514,553 
Other consumer:
Pass1,211 13,072 5,258 — — 15,173 49,369 — 84,083 
Criticized (accrual)3 — — — — — — — 3 
Criticized (nonaccrual)— — — — — — 11 — 11 
Total other consumer1,214 13,072 5,258 — — 15,173 49,380 — 84,097 
Total consumer1,985,670 2,585,568 1,919,652 1,199,603 911,982 1,701,444 2,132,595 162,136 12,598,650 
Total by Risk Rating:
Pass7,441,743 9,298,963 5,287,308 4,280,439 3,043,927 4,975,025 10,951,399 200,631 45,479,435 
Criticized (accrual)69,634 153,722 127,048 133,916 169,863 159,433 102,894 17,421 933,931 
Criticized (nonaccrual)3,242 9,338 16,924 2,998 14,597 36,007 1,739 3,865 88,710 
Total$7,514,619 $9,462,023 $5,431,280 $4,417,353 $3,228,387 $5,170,465 $11,056,032 $221,917 $46,502,076 
($ in thousands)December 31, 2021
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term LoansTotal
20212020201920182017Prior
Commercial:
C&I:
Pass$3,911,722 $1,133,085 $629,007 $187,195 $132,392 $225,326 $7,383,485 $28,842 $13,631,054 
Criticized (accrual)85,036 117,357 72,277 51,553 15,136 4,005 115,167 — 460,531 
Criticized (nonaccrual)29,456 2,792 513 517 9,301 16,444 — — 59,023 
Total C&I4,026,214 1,253,234 701,797 239,265 156,829 245,775 7,498,652 28,842 14,150,608 
CRE:
Pass2,792,193 2,090,503 2,230,520 1,863,481 1,120,682 1,727,862 128,668 6,389 11,960,298 
Criticized (accrual)71,055 3,200 9,176 21,077 24,851 55,892 — — 185,251 
Criticized (nonaccrual)4,350 — — — 4,752 396 — — 9,498 
Subtotal CRE2,867,598 2,093,703 2,239,696 1,884,558 1,150,285 1,784,150 128,668 6,389 12,155,047 
Multifamily residential:
Pass1,026,295 726,772 688,453 419,319 308,087 424,947 20,524 — 3,614,397 
Criticized (accrual)— — 721 22,344 7,033 30,666 — — 60,764 
Criticized (nonaccrual)— — — — — 444 — — 444 
Subtotal multifamily residential1,026,295 726,772 689,174 441,663 315,120 456,057 20,524 — 3,675,605 
Construction and land:
Pass122,983 103,743 90,544 3,412 — 391 — — 321,073 
Criticized (accrual)3,355 — — 22,058 — — — — 25,413 
Criticized (nonaccrual)— — — — — — — — — 
Subtotal construction and land126,338 103,743 90,544 25,470 — 391 — — 346,486 
Total CRE4,020,231 2,924,218 3,019,414 2,351,691 1,465,405 2,240,598 149,192 6,389 16,177,138 
Total commercial
8,046,445 4,177,452 3,721,211 2,590,956 1,622,234 2,486,373 7,647,844 35,231 30,327,746 
Consumer:
Residential mortgage:
Single-family residential:
Pass (1)
2,616,958 2,108,370 1,375,929 1,079,030 763,351 1,127,516 — — 9,071,154 
Criticized (accrual)— — 458 2,813 1,899 3,212 — — 8,382 
Criticized (nonaccrual) (1)
— — 1,751 3,889 4,295 4,231 — — 14,166 
Total single-family residential mortgage
2,616,958 2,108,370 1,378,138 1,085,732 769,545 1,134,959 — — 9,093,702 
HELOCs:
Pass648 3,277 4,644 1,347 3,268 11,215 1,913,478 197,414 2,135,291 
Criticized (accrual)— — — — — 371 7 708 1,086 
Criticized (nonaccrual)— — 52 188 3,543 973 — 3,688 8,444 
Total HELOCs648 3,277 4,696 1,535 6,811 12,559 1,913,485 201,810 2,144,821 
Total residential mortgage
2,617,606 2,111,647 1,382,834 1,087,267 776,356 1,147,518 1,913,485 201,810 11,238,523 
Other consumer:
Pass16,831 5,258 — — 1,741 52,147 51,481 — 127,458 
Criticized (accrual)2 — — — — — — — 2 
Criticized (nonaccrual)— — — — — — 52 — 52 
Total other consumer
16,833 5,258 — — 1,741 52,147 51,533 — 127,512 
Total consumer2,634,439 2,116,905 1,382,834 1,087,267 778,097 1,199,665 1,965,018 201,810 11,366,035 
Total by Risk Rating:
Pass10,487,630 6,171,008 5,019,097 3,553,784 2,329,521 3,569,404 9,497,636 232,645 40,860,725 
Criticized (accrual)159,448 120,557 82,632 119,845 48,919 94,146 115,174 708 741,429 
Criticized (nonaccrual)33,806 2,792 2,316 4,594 21,891 22,488 52 3,688 91,627 
Total
$10,680,884 $6,294,357 $5,104,045 $3,678,223 $2,400,331 $3,686,038 $9,612,862 $237,041 $41,693,781 
(1)As of June 30, 2022 and December 31, 2021, $1.2 million and $1.6 million, respectively, of nonaccrual loans whose payments are guaranteed by the Federal Housing Administration were classified with a “Pass” rating.
Schedule Of Aging Analysis Of Loans The following tables present the aging analysis of total loans held-for-investment as of June 30, 2022 and December 31, 2021:
($ in thousands)June 30, 2022
Current
Accruing
Loans (1)
Accruing
Loans
30-59  Days
Past Due		Accruing
Loans
60-89  Days
Past Due		Total
Accruing
Past Due
Loans		Total
Nonaccrual
Loans		Total
Loans
Commercial:
C&I$15,326,934 $10,097 $33 $10,130 $40,053 $15,377,117 
CRE:
CRE13,554,820 451 201 652 11,276 13,566,748 
Multifamily residential4,441,408 830 — 830 1,466 4,443,704 
Construction and land515,857 — — — — 515,857 
Total CRE18,512,085 1,281 201 1,482 12,742 18,526,309 
Total commercial33,839,019 11,378 234 11,612 52,795 33,903,426 
Consumer:
Residential mortgage:
Single-family residential10,186,333 13,718 6,996 20,714 27,426 10,234,473 
HELOCs2,263,510 6,254 613 6,867 9,703 2,280,080 
Total residential mortgage12,449,843 19,972 7,609 27,581 37,129 12,514,553 
Other consumer83,988 92 6 98 11 84,097 
Total consumer12,533,831 20,064 7,615 27,679 37,140 12,598,650 
Total$46,372,850 $31,442 $7,849 $39,291 $89,935 $46,502,076 
($ in thousands)December 31, 2021
Current
Accruing
Loans (1)
Accruing
Loans
30-59 Days
Past Due		Accruing
Loans
60-89 Days
Past Due		Total
Accruing
Past Due
Loans		Total
Nonaccrual
Loans		Total
Loans
Commercial:
C&I$14,080,516 $6,983 $4,086 $11,069 $59,023 $14,150,608 
CRE:
CRE12,141,827 3,722 — 3,722 9,498 12,155,047 
Multifamily residential3,669,819 5,320 22 5,342 444 3,675,605 
Construction and land346,486 — — — — 346,486 
Total CRE16,158,132 9,042 22 9,064 9,942 16,177,138 
Total commercial30,238,648 16,025 4,108 20,133 68,965 30,327,746 
Consumer:
Residential mortgage:
Single-family residential9,059,222 10,191 8,569 18,760 15,720 9,093,702 
HELOCs2,130,523 4,776 1,078 5,854 8,444 2,144,821 
Total residential mortgage
11,189,745 14,967 9,647 24,614 24,164 11,238,523 
Other consumer127,352 99 9 108 52 127,512 
Total consumer11,317,097 15,066 9,656 24,722 24,216 11,366,035 
Total$41,555,745 $31,091 $13,764 $44,855 $93,181 $41,693,781 
(1)As of both June 30, 2022 and December 31, 2021, loans in payment deferral programs offered in response to the Coronavirus Disease 2019 (“COVID-19”) pandemic that are performing according to their modified terms are generally not considered delinquent, and are included in the “Current Accruing Loans” column.
Schedule Of Amortized Cost Of Loans On Nonaccrual Status With No Related Allowance For Loan Losses
The following table presents the amortized cost of loans on nonaccrual status for which there was no related allowance for loan losses as of both June 30, 2022 and December 31, 2021. Nonaccrual loans may not have an allowance for credit losses since there is no loss expectation when the loan balances are well-secured by the collateral value.
($ in thousands)June 30, 2022December 31, 2021
Commercial:
C&I$18,251 $22,967 
CRE10,956 9,102 
Multifamily residential1,055 — 
Total commercial30,262 32,069 
Consumer:
Single-family residential12,952 5,785 
HELOCs5,351 5,033 
Total consumer18,303 10,818 
Total nonaccrual loans with no related allowance for loan losses$48,565 $42,887 
Summary Of Additions And Post-Modification to Troubled Debt Restructurings
The following tables present the additions to TDRs for the three and six months ended June 30, 2022 and 2021:
($ in thousands)Loans Modified as TDRs During the Three Months Ended June 30,
20222021
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&I2$12,955 $12,245 $2,111 4$20,375 $20,084 $2,162 
Total2$12,955 $12,245 $2,111 4$20,375 $20,084 $2,162 
($ in thousands)Loans Modified as TDRs During the Six Months Ended June 30,
20222021
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&I3$30,134 $21,428 $10,157 5$20,818 $20,499 $2,318 
Total3$30,134 $21,428 $10,157 5$20,818 $20,499 $2,318 
(1)Includes subsequent payments after modification and reflects the balance as of June 30, 2022 and 2021.
(2)Includes charge-offs and specific reserves recorded since the modification date.

The following tables present the TDR post-modification outstanding balances by the primary modification type for the three and six months ended June 30, 2022 and 2021:
($ in thousands)Modification Type During the Three Months Ended June 30,
20222021
Principal (1)
Interest Rate Reduction
Other (2)
Total
Principal (1)
Interest Rate ReductionOtherTotal
Commercial:
C&I$— $— $12,245 $12,245 $3,373 $16,711 $— $20,084 
Total$— $— $12,245 $12,245 $3,373 $16,711 $— $20,084 
($ in thousands)Modification Type During the Six Months Ended June 30,
20222021
Principal (1)
Interest Rate Reduction
Other (2)
Total
Principal (1)
Interest Rate ReductionOtherTotal
Commercial:
C&I$9,183 $— $12,245 $21,428 $3,788 $16,711 $— $20,499 
Total$9,183 $— $12,245 $21,428 $3,788 $16,711 $— $20,499 
(1)Includes forbearance payments, term extensions and principal deferments that modify the terms of the loan from principal and interest payments to interest payments only.
(2)Includes increase in new commitment.
Summary Of TDR Loans Subsequently Defaulted The following tables present information on loans that entered into default during the three and six months ended June 30, 2022 and 2021, that were modified as TDRs during the 12 months preceding payment default:
($ in thousands)Loans Modified as TDRs that Subsequently Defaulted
During the Three Months Ended June 30,
20222021
Number of
Loans		Recorded
Investment		Number of
Loans		Recorded
Investment
Commercial:
C&I1 $1,055 — $— 
Total1 $1,055 — $— 
($ in thousands)Loans Modified as TDRs that Subsequently Defaulted
During the Six Months Ended June 30,
20222021
Number of
Loans		Recorded
Investment		Number of
Loans		Recorded
Investment
Commercial:
C&I2 $4,305 1 $11,431 
Total2 $4,305 1 $11,431 
Financing Receivable Credit Quality Indicators, Key Credit Risk Characteristics and Macroeconomic Variables
The following table provides key credit risk characteristics and macroeconomic variables that the Company uses to estimate the expected credit losses by portfolio segment:
Portfolio SegmentRisk CharacteristicsMacroeconomic Variables
C&I
Age (1), size and spread at origination, and risk rating
Volatility Index (“VIX”) and BBB yield to 10-year U.S. Treasury spread (“BBB Spread”) (1)
CRE, Multifamily residential, and Construction and landDelinquency status, maturity date, collateral value, property type, and geographic locationUnemployment rate, Gross Domestic Product (“GDP”), and U.S. Treasury rates
Single-family residential and HELOCsFICO score, delinquency status, maturity date, collateral value, and geographic locationUnemployment rate, GDP, and home price index
Other consumerHistorical loss experience
Immaterial (2)
(1)Due to the model enhancements during the third quarter of 2021, the risk characteristic related to “time-to-maturity” was changed to “age”; while macroeconomic variables related to “unemployment rate and two- and ten-year U.S. Treasury spread” were changed to “VIX and BBB Spread”.
(2)Macroeconomic variables are included in the qualitative estimate.
Summary Of Activity In The Allowance For Credit Losses
The following tables summarize the activities in the allowance for loan losses by portfolio segments for the three and six months ended June 30, 2022 and 2021:
($ in thousands)Three Months Ended June 30, 2022
CommercialConsumerTotal
C&ICREResidential MortgageOther
Consumer
CREMultifamily
Residential		Construction
and Land		Single-
Family
Residential		HELOCs
Allowance for loan losses, beginning of period
$339,446 $147,104 $24,176 $11,016 $18,210 $3,748 $1,985 $545,685 
Provision for (reversal of) credit losses on loans(a)19,030 (6,819)1,976 (4,338)3,461 (339)(502)12,469 
Gross charge-offs(240)(671)(8)— — (193)(34)(1,146)
Gross recoveries6,514 631 408 4 169 4 — 7,730 
Total net recoveries (charge-offs)6,274 (40)400 4 169 (189)(34)6,584 
Foreign currency translation adjustment(1,468)— — — — — — (1,468)
Allowance for loan losses, end of period
$363,282 $140,245 $26,552 $6,682 $21,840 $3,220 $1,449 $563,270 
($ in thousands)Three Months Ended June 30, 2021
CommercialConsumerTotal
C&ICREResidential MortgageOther
Consumer
CREMultifamily
Residential		Construction
and Land		Single-
Family
Residential		HELOCs
Allowance for loan losses, beginning of period
$394,084 $146,399 $27,407 $19,089 $15,839 $2,670 $2,018 $607,506 
(Reversal of) provision for credit losses on loans(a)(22,605)19,375 (5,385)(3,243)609 250 2,209 (8,790)
Gross charge-offs(10,572)(4,134)(113)(209)— — (32)(15,060)
Gross recoveries1,338 322 16 6 82 18 3 1,785 
Total net (charge-offs) recoveries(9,234)(3,812)(97)(203)82 18 (29)(13,275)
Foreign currency translation adjustment283 — — — — — — 283 
Allowance for loan losses, end of period
$362,528 $161,962 $21,925 $15,643 $16,530 $2,938 $4,198 $585,724 
($ in thousands)Six Months Ended June 30, 2022
CommercialConsumerTotal
C&ICREResidential MortgageOther
Consumer
CREMultifamily
Residential		Construction
and Land		Single-
Family
Residential		HELOCs
Allowance for loan losses, beginning of period
$338,252 $150,940 $14,400 $15,468 $17,160 $3,435 $1,924 $541,579 
Provision for (reversal of) credit losses on loans(a)28,292 (10,312)11,633 (8,844)4,387 (40)(395)24,721 
Gross charge-offs(11,428)(1,069)(9)— — (193)(80)(12,779)
Gross recoveries9,516 686 528 58 293 18 — 11,099 
Total net (charge-offs) recoveries(1,912)(383)519 58 293 (175)(80)(1,680)
Foreign currency translation adjustment(1,350)— — — — — — (1,350)
Allowance for loan losses, end of period
$363,282 $140,245 $26,552 $6,682 $21,840 $3,220 $1,449 $563,270 
($ in thousands)Six Months Ended June 30, 2021
CommercialConsumerTotal
C&ICREResidential MortgageOther
Consumer
CREMultifamily
Residential		Construction
and Land		Single-
Family
Residential		HELOCs
Allowance for loan losses, beginning of period
$398,040 $163,791 $27,573 $10,239 $15,520 $2,690 $2,130 $619,983 
(Reversal of) provision for credit losses on loans(a)(18,763)9,098 (6,776)5,349 985 272 2,096 (7,739)
Gross charge-offs(19,008)(11,329)(130)(280)(134)(45)(33)(30,959)
Gross recoveries2,098 402 1,258 335 159 21 5 4,278 
Total net (charge-offs) recoveries(16,910)(10,927)1,128 55 25 (24)(28)(26,681)
Foreign currency translation adjustment161 — — — — — — 161 
Allowance for loan losses, end of period
$362,528 $161,962 $21,925 $15,643 $16,530 $2,938 $4,198 $585,724 
The following table summarizes the activities in the allowance for unfunded credit commitments for the three and six months ended June 30, 2022 and 2021:
($ in thousands)Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Unfunded credit facilities
Allowance for unfunded credit commitments, beginning of period$23,262 $32,529 $27,514 $33,577 
Provision for (reversal of) credit losses on unfunded credit commitments(b)1,031 (6,210)(3,221)(7,261)
Foreign currency translation adjustment11 (19)11 (16)
Allowance for unfunded credit commitments, end of period24,304 26,300 24,304 26,300 
Provision for (reversal of) credit losses(a) + (b)$13,500 $(15,000)$21,500 $(15,000)
Schedule Of Carrying Value Of Loans Purchased For The Held-For-Investment Portfolio, Loans Sold and Loans Transferred The following tables provide information on the carrying value of loans transferred, loans sold and purchased for the held-for-investment portfolio, during the three and six months ended June 30, 2022 and 2021:
($ in thousands)Three Months Ended June 30, 2022
CommercialConsumerTotal
C&ICREResidential Mortgage
CREMultifamily
Residential		Single-Family
Residential
Loans transferred from held-for-investment to held-for-sale (1)
$208,335 $9,854 $— $— $218,189 
Loans transferred from held-for-sale to held-for-investment$— $— $— $631 $631 
Sales (2)(3)(4)
$180,029 $9,854 $— $— $189,883 
Purchases (5)
$194,066 $— $— $122,723 $316,789 
($ in thousands)Three Months Ended June 30, 2021
CommercialConsumerTotal
C&ICREResidential Mortgage
CREMultifamily
Residential		Single-Family
Residential
Loans transferred from held-for-investment to held-for-sale (1)
$84,745 $17,019 $— $— $101,764 
Sales (2)(3)(4)
$84,503 $17,019 $— $2,658 $104,180 
Purchases (5)
$66,415 $— $— $165,163 $231,578 
($ in thousands)Six Months Ended June 30, 2022
CommercialConsumerTotal
C&ICREResidential Mortgage
CREMultifamily
Residential		Single-Family
Residential
Loans transferred from held-for-investment to held-for-sale (1)
$319,772 $31,634 $— $— $351,406 
Loans transferred from held-for-sale to held-for-investment$— $— $— $631 $631 
Sales (2)(3)(4)
$287,503 $31,634 $— $451 $319,588 
Purchases (5)
$304,662 $— $— $237,098 $541,760 
($ in thousands)Six Months Ended June 30, 2021
CommercialConsumerTotal
C&ICREResidential Mortgage
CREMultifamily
Residential		Single-Family
Residential
Loans transferred from held-for-investment to held-for-sale (1)
$210,585 $37,051 $— $— $247,636 
Sales (2)(3)(4)
$210,382 $37,051 $— $10,164 $257,597 
Purchases (5)
$245,093 $— $370 $296,963 $542,426 
(1)Includes write-downs of $158 thousand and $217 thousand to the allowance for loan losses related to loans transferred from held-for-investment to held-for-sale for the three and six months ended June 30, 2022 and $1.3 million for the three and six months ended June 30, 2021.
(2)Includes originated loans sold of $55.4 million and $167.7 million for the three and six months ended June 30, 2022, respectively, and $67.6 million and $198.6 million for the three and six months ended June 30, 2021, respectively. Originated loans sold consisted primarily of C&I loans for each of the three and six months ended June 30, 2022 and 2021.
(3)Includes $134.5 million and $151.9 million of purchased loans sold in the secondary market for the three and six months ended June 30, 2022, respectively and $36.6 million and $59.0 million for the three and six months ended June 30, 2021, respectively.
(4)Net gains on sales of loans were $917 thousand and $3.8 million for the three and six months ended June 30, 2022, respectively, and $1.5 million and $3.3 million for the three and six months ended June 30, 2021, respectively.
(5)C&I loan purchases were comprised primarily of syndicated C&I term loans.