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Loans Receivable and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and December 31, 2022:



($ in thousands)	June 30, 2023		December 31, 2022
Commercial:
C&I	$	15,670,084	$	15,711,095
CRE:
CRE	14,373,385		13,857,870
Multifamily residential	4,764,180		4,573,068
Construction and land	781,068		638,420
Total CRE	19,918,633		19,069,358
Total commercial	35,588,717		34,780,453
Consumer:
Residential mortgage:
Single-family residential	12,308,613		11,223,027
HELOCs	1,862,928		2,122,655
Total residential mortgage	14,171,541		13,345,682
Other consumer	68,106		76,295
Total consumer	14,239,647		13,421,977
Total loans held-for-investment (1)	$	49,828,364	$	48,202,430
Allowance for loan losses	(635,400)		(595,645)
Loans held-for-investment, net (1)	$	49,192,964	$	47,606,785

(1)Includes $74.0 million and $70.4 million comprising unamortized deferred and unearned fees, net of premiums as of June 30, 2023 and December 31, 2022, respectively.

Schedule Of Loans Held-For-Investment By Loan Portfolio Segments, Internal Risk Ratings, Gross Write-Offs And Vintage Year

The following tables summarize the Company’s loans held-for-investment and current year-to-date gross write-offs by loan portfolio segments, internal risk ratings and vintage year as of the periods presented. The vintage year is the year of loan origination, renewal or major modification. Revolving loans that are converted to term loans presented in the tables below are excluded from term loans by vintage year columns.



	June 30, 2023


	Term Loans by Origination Year

($ in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Commercial:
C&I:
Pass	$	1,427,799	$	2,285,112	$	1,610,248	$	415,562	$	267,164	$	217,673	$	9,016,889	$	20,345	$	15,260,792
Criticized (accrual)	18,452		93,118		81,361		26,033		26,027		22,837		79,585		—		347,413
Criticized (nonaccrual)	2,657		22,800		1,773		8,987		7,798		12,697		5,167		—		61,879


Total C&I	1,448,908		2,401,030		1,693,382		450,582		300,989		253,207		9,101,641		20,345		15,670,084

YTD gross write-offs (3)	185		1,996		95		15		4,930		1,683		—		—		8,904

CRE:

Pass	1,358,049		4,119,439		2,323,453		1,481,659		1,689,335		2,936,955		111,043		53,747		14,073,680
Criticized (accrual)	36,966		2,757		23,746		68,936		37,981		111,969		1,455		—		283,810
Criticized (nonaccrual)	—		171		15,099		—		460		165		—		—		15,895


Subtotal CRE	1,395,015		4,122,367		2,362,298		1,550,595		1,727,776		3,049,089		112,498		53,747		14,373,385

YTD gross write-offs	—		—		2,253		—		—		119		—		—		2,372

Multifamily residential:
Pass	289,218		1,497,280		875,986		625,489		507,401		926,253		9,425		1,295		4,732,347
Criticized (accrual)	—		—		—		—		700		26,430		—		—		27,130
Criticized (nonaccrual)	—		—		—		—		—		4,703		—		—		4,703


Subtotal multifamily residential	289,218		1,497,280		875,986		625,489		508,101		957,386		9,425		1,295		4,764,180



Construction and land:
Pass	85,733		355,949		259,113		34,103		816		2,986		14,952		—		753,652
Criticized (accrual)	5,865		—		—		—		—		21,551		—		—		27,416

Subtotal construction and land	91,598		355,949		259,113		34,103		816		24,537		14,952		—		781,068



Total CRE	1,775,831		5,975,596		3,497,397		2,210,187		2,236,693		4,031,012		136,875		55,042		19,918,633

YTD gross write-offs	—		—		2,253		—		—		119		—		—		2,372

Total commercial	$	3,224,739	$	8,376,626	$	5,190,779	$	2,660,769	$	2,537,682	$	4,284,219	$	9,238,516	$	75,387	$	35,588,717

YTD total commercial gross write-offs (3)	$	185	$	1,996	$	2,348	$	15	$	4,930	$	1,802	$	—	$	—	$	11,276


	June 30, 2023


	Term Loans by Origination Year
($ in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Consumer:
Residential mortgage:
Single-family residential:
Pass (2)	$	1,585,454	$	3,445,517	$	2,369,777	$	1,680,587	$	1,044,089	$	2,152,061	$	—	$	—	$	12,277,485
Criticized (accrual)	547		574		934		1,708		471		5,647		—		—		9,881
Criticized (nonaccrual) (2)	1,470		138		1,103		2,432		3,581		12,523		—		—		21,247
Subtotal single-family residential mortgage	1,587,471		3,446,229		2,371,814		1,684,727		1,048,141		2,170,231		—		—		12,308,613


HELOCs:
Pass	978		751		1,793		6,004		2,033		12,007		1,711,411		115,557		1,850,534
Criticized (accrual)	—		801		208		—		—		—		232		102		1,343
Criticized (nonaccrual)	—		—		223		835		—		5,022		704		4,267		11,051
Subtotal HELOCs	978		1,552		2,224		6,839		2,033		17,029		1,712,347		119,926		1,862,928
YTD gross write-offs (3)	—		—		—		—		—		—		—		6		6

Total residential mortgage	1,588,449		3,447,781		2,374,038		1,691,566		1,050,174		2,187,260		1,712,347		119,926		14,171,541
YTD gross write-offs (3)	—		—		—		—		—		—		—		6		6

Other consumer:
Pass	885		16,824		136		5,356		—		11,810		33,071		—		68,082

Criticized (nonaccrual)	—		—		—		—		—		—		24		—		24
Total other consumer	885		16,824		136		5,356		—		11,810		33,095		—		68,106
YTD gross write-offs	—		—		—		—		—		—		88		—		88

Total consumer	$	1,589,334	$	3,464,605	$	2,374,174	$	1,696,922	$	1,050,174	$	2,199,070	$	1,745,442	$	119,926	$	14,239,647
YTD total consumer gross write-offs (3)	$	—	$	—	$	—	$	—	$	—	$	—	$	88	$	6	$	94

Total loans held-for-investment:
Pass	$	4,748,116	$	11,720,872	$	7,440,506	$	4,248,760	$	3,510,838	$	6,259,745	$	10,896,791	$	190,944	$	49,016,572
Criticized (accrual)	61,830		97,250		106,249		96,677		65,179		188,434		81,272		102		696,993
Criticized (nonaccrual)	4,127		23,109		18,198		12,254		11,839		35,110		5,895		4,267		114,799



Total	$	4,814,073	$	11,841,231	$	7,564,953	$	4,357,691	$	3,587,856	$	6,483,289	$	10,983,958	$	195,313	$	49,828,364
YTD total loans held-for-investment gross write-offs (3)	$	185	$	1,996	$	2,348	$	15	$	4,930	$	1,802	$	88	$	6	$	11,370



	December 31, 2022


	Term Loans by Origination Year

($ in thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans Converted to Term Loans (1)		Total
Commercial:
C&I:
Pass	$	2,831,834	$	2,053,215	$	623,026	$	392,013	$	143,970	$	97,605	$	9,177,401	$	20,548	$	15,339,612
Criticized (accrual)	72,210		34,296		48,761		34,221		20,646		12,933		97,988		—		321,055
Criticized (nonaccrual)	18,722		4,797		10,733		243		5,618		10,315		—		—		50,428


Total C&I	2,922,766		2,092,308		682,520		426,477		170,234		120,853		9,275,389		20,548		15,711,095

CRE:
Pass	4,178,780		2,404,634		1,505,150		1,771,679		1,471,710		1,909,925		165,653		22,009		13,429,540
Criticized (accrual)	3,518		60,573		159,424		40,095		91,132		32,173		1,455		16,716		405,086
Criticized (nonaccrual)	—		19,044		—		—		—		4,200		—		—		23,244


Subtotal CRE	4,182,298		2,484,251		1,664,574		1,811,774		1,562,842		1,946,298		167,108		38,725		13,857,870
Multifamily residential:
Pass	1,500,289		892,598		641,677		519,614		350,044		625,293		11,325		—		4,540,840
Criticized (accrual)	—		—		—		707		4,276		27,076		—		—		32,059
Criticized (nonaccrual)	—		—		—		—		—		169		—		—		169


Subtotal multifamily residential	1,500,289		892,598		641,677		520,321		354,320		652,538		11,325		—		4,573,068
Construction and land:
Pass	288,394		276,839		31,804		3,104		2,805		231		9,073		—		612,250
Criticized (accrual)	4,504		—		—		—		21,666		—		—		—		26,170

Subtotal construction and land	292,898		276,839		31,804		3,104		24,471		231		9,073		—		638,420
Total CRE	5,975,485		3,653,688		2,338,055		2,335,199		1,941,633		2,599,067		187,506		38,725		19,069,358
Total commercial	$	8,898,251	$	5,745,996	$	3,020,575	$	2,761,676	$	2,111,867	$	2,719,920	$	9,462,895	$	59,273	$	34,780,453
Consumer:
Residential mortgage:
Single-family residential:
Pass (2)	$	3,548,894	$	2,453,717	$	1,775,696	$	1,101,965	$	817,164	$	1,500,359	$	—	$	—	$	11,197,795
Criticized (accrual)	—		1,275		785		1,463		4,352		3,935		—		—		11,810
Criticized (nonaccrual) (2)	141		—		204		3,202		1,721		8,154		—		—		13,422
Subtotal single-family residential mortgage	3,549,035		2,454,992		1,776,685		1,106,630		823,237		1,512,448		—		—		11,223,027
HELOCs:
Pass	520		3,583		7,336		3,203		525		8,960		1,958,692		127,401		2,110,220
Criticized (accrual)	—		6		—		—		—		—		4		1,079		1,089
Criticized (nonaccrual)	—		—		483		231		1,017		4,844		1,001		3,770		11,346
Subtotal HELOCs	520		3,589		7,819		3,434		1,542		13,804		1,959,697		132,250		2,122,655
Total residential mortgage	3,549,555		2,458,581		1,784,504		1,110,064		824,779		1,526,252		1,959,697		132,250		13,345,682
Other consumer:
Pass	17,088		137		5,356		—		—		15,808		37,804		—		76,193
Criticized (accrual)	3		—		—		—		—		—		—		—		3
Criticized (nonaccrual)	—		—		—		—		—		—		99		—		99
Total other consumer	17,091		137		5,356		—		—		15,808		37,903		—		76,295
Total consumer	$	3,566,646	$	2,458,718	$	1,789,860	$	1,110,064	$	824,779	$	1,542,060	$	1,997,600	$	132,250	$	13,421,977
Total by Risk Rating:
Pass	$	12,365,799	$	8,084,723	$	4,590,045	$	3,791,578	$	2,786,218	$	4,158,181	$	11,359,948	$	169,958	$	47,306,450
Criticized (accrual)	80,235		96,150		208,970		76,486		142,072		76,117		99,447		17,795		797,272
Criticized (nonaccrual)	18,863		23,841		11,420		3,676		8,356		27,682		1,100		3,770		98,708



Total	$	12,464,897	$	8,204,714	$	4,810,435	$	3,871,740	$	2,936,646	$	4,261,980	$	11,460,495	$	191,523	$	48,202,430

(1)$1.4 million and $13.5 million of total commercial loans, primarily comprised of CRE revolving loans converted to term loans during the three and six months ended June 30, 2023, respectively. In comparison, $26.4 million of total commercial loans, comprised of CRE revolving loans converted to term loans during both the three and six months ended June 30, 2022. $9.7 million and $14.5 million of total consumer loans, comprised of HELOCs were converted to term loans during three and six months ended June 30, 2023, respectively. In comparison, there were no consumer loans converted to term loans during the three and six months ended June 30, 2022.

(2)As of June 30, 2023 and December 31, 2022, $734 thousand and $818 thousand, respectively, of nonaccrual loans whose payments are guaranteed by the Federal Housing Administration were classified with a “Pass” rating.

(3)Excludes gross write-offs associated with loans the Company sold or settled.

Schedule Of Aging Analysis Of Loans

The following tables present the aging analysis of loans held-for-investment as of June 30, 2023 and December 31, 2022:



	June 30, 2023
($ in thousands)	Current Accruing Loans		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	$	15,602,567	$	3,247	$	2,391	$	5,638	$	61,879	$	15,670,084
CRE:
CRE	14,342,301		15,189		—		15,189		15,895		14,373,385
Multifamily residential	4,758,515		962		—		962		4,703		4,764,180
Construction and land	759,516		21,552		—		21,552		—		781,068
Total CRE	19,860,332		37,703		—		37,703		20,598		19,918,633
Total commercial	35,462,899		40,950		2,391		43,341		82,477		35,588,717
Consumer:
Residential mortgage:
Single-family residential	12,254,680		21,752		10,200		31,952		21,981		12,308,613
HELOCs	1,840,064		10,471		1,342		11,813		11,051		1,862,928
Total residential mortgage	14,094,744		32,223		11,542		43,765		33,032		14,171,541
Other consumer	67,099		142		841		983		24		68,106
Total consumer	14,161,843		32,365		12,383		44,748		33,056		14,239,647
Total	$	49,624,742	$	73,315	$	14,774	$	88,089	$	115,533	$	49,828,364



	December 31, 2022
($ in thousands)	Current Accruing Loans		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	$	15,651,312	$	6,482	$	2,873	$	9,355	$	50,428	$	15,711,095
CRE:
CRE	13,820,441		14,185		—		14,185		23,244		13,857,870
Multifamily residential	4,571,899		678		322		1,000		169		4,573,068
Construction and land	638,420		—		—		—		—		638,420
Total CRE	19,030,760		14,863		322		15,185		23,413		19,069,358
Total commercial	34,682,072		21,345		3,195		24,540		73,841		34,780,453
Consumer:
Residential mortgage:
Single-family residential	11,183,134		13,523		12,130		25,653		14,240		11,223,027
HELOCs	2,102,523		7,700		1,086		8,786		11,346		2,122,655
Total residential mortgage	13,285,657		21,223		13,216		34,439		25,586		13,345,682
Other consumer	73,004		109		3,083		3,192		99		76,295
Total consumer	13,358,661		21,332		16,299		37,631		25,685		13,421,977
Total	$	48,040,733	$	42,677	$	19,494	$	62,171	$	99,526	$	48,202,430

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, 2023 and December 31, 2022. Nonaccrual loans may not have an allowance for credit losses if the loan balances are well-secured by the collateral value and there is no loss expectation.



($ in thousands)	June 30, 2023		December 31, 2022

Commercial:
C&I	$	27,690	$	11,398

CRE	15,100		22,944
Multifamily residential	4,235		—


Total commercial	47,025		34,342
Consumer:

Single-family residential	6,077		2,998
HELOCs	5,076		7,245


Total consumer	11,153		10,243
Total nonaccrual loans with no related allowance for loan losses	$	58,178	$	44,585

Summary Of Modified Loans/TDRs

The following tables present the amortized cost of loans that were modified during the three and six months ended June 30, 2023 by loan class and modification type:



	Three Months Ended June 30, 2023
	Modification Type
($ in thousands)	Term Extension		Payment Delay		Combo- Term Extension/ Payment Delay		Combo- Rate Reduction/ Term Extension		Combo- Principal Forgiveness Rate Reduction/ Term Extension		Total		Modification as a % of Loan Class
Commercial:
C&I	$	13,475	$	12,788	$	—	$	—	$	298	$	26,561	0.17	%
CRE:
CRE	—		—		—		32,791		—		32,791		0.16	%



Total commercial	13,475		12,788		—		32,791		298		59,352
Consumer:
Residential mortgage:
Single-family residential:	—		5,085		551		—		—		5,636		0.05	%
HELOCs	—		978		—		—		—		978		0.05	%




Total consumer	—		6,063		551		—		—		6,614
Total	$	13,475	$	18,851	$	551	$	32,791	$	298	$	65,966



	Six Months Ended June 30, 2023
	Modification Type
($ in thousands)	Term Extension		Payment Delay		Combo- Term Extension/ Payment Delay		Combo- Rate Reduction/ Term Extension		Combo- Principal Forgiveness Rate Reduction/ Term Extension		Total		Modification as a % of Loan Class
Commercial:
C&I	$	33,098	$	26,799	$	—	$	—	$	298	$	60,195	0.38	%
CRE:
CRE	526		—		—		32,791		—		33,317		0.17	%



Total commercial	33,624		26,799		—		32,791		298		93,512
Consumer:
Residential mortgage:
Single-family residential:	—		5,085		551		—		—		5,636		0.05	%
HELOCs	—		978		726		—		—		1,704		0.09	%




Total consumer	—		6,063		1,277		—		—		7,340
Total	$	33,624	$	32,862	$	1,277	$	32,791	$	298	$	100,852

The following tables present the financial effects of the loan modifications for the three and six months ended June 30, 2023 by loan class and modification type:



	Financial Effects of Loan Modifications
	Three Months Ended June 30, 2023

($ in thousands)	Principal Forgiveness			Weighted-Average Interest Rate Reduction			Weighted-Average Term Extension (in years)	Weighted-Average Payment Delay (in years)
Commercial:
C&I	$	345	(1)	8.50	%	(1)	1.71	0.63

CRE	—			3.00	%		2.50	—




Consumer:

Single-family residential	—			—			9.70	0.89
HELOCs	—			—			—	0.64





Total	$	345



		Financial Effects of Loan Modifications
Six months ended June 30, 2023

	($ in thousands)	Principal Forgiveness			Weighted-Average Interest Rate Reduction			Weighted-Average Term Extension (in years)	Weighted-Average Payment Delay (in years)
	Commercial:
	C&I	$	345	(1)	8.50	%	(1)	1.47	0.82

	CRE	—			3.00	%		2.49	—




	Consumer:

	Single-family residential	—			—			9.70	0.89
	HELOCs	—			—			14.75	0.51





	Total	$	345

(1)Comprised of a C&I loan modified during the three and six months ended June 30, 2023 where the interest is waived in addition to principal forgiveness.

The following table presents the additions to TDRs for the three and six months ended June 30, 2022:



	Loans Modified as TDRs
	Three Months Ended June 30, 2022							Six Months Ended June 30, 2022
($ in thousands)	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	2	$	12,955	$	12,245	$	2,111	3	$	30,134	$	21,428	$	10,157












Total	2	$	12,955	$	12,245	$	2,111	3	$	30,134	$	21,428	$	10,157

(1)Includes subsequent payments after modification and reflects the balance as of June 30, 2022.

(2)Includes charge-offs since the modification date.

The following table presents the TDR post-modification outstanding balances by the primary modification type for the three and six months ended June 30, 2022:



	Modification Type
	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
($ in thousands)	Principal			Other (1)		Total		Principal (2)		Other (1)		Total
Commercial:
C&I	$	—		$	12,245	$	12,245	$	9,183	$	12,245	$	21,428













Total	$	—		$	12,245	$	12,245	$	9,183	$	12,245	$	21,428

(1)Includes increase in new commitment.

(2)Includes principal deferments that modify the terms of the loan from principal and interest payments to interest payments only.

Financing Receivable, Modified, Payment Performance

The Company closely monitors the performance of modified loans to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that were modified as of June 30, 2023 since the adoption of ASU 2022-02 on January 1, 2023.



	Payment Performance as of June 30, 2023
($ in thousands)		Current		30 - 89 Days Past Due		90+ Days Past Due		Total
Commercial:
C&I		$	48,206	$	7,000	$	4,989	$	60,195
CRE:
CRE		33,317		—		—		33,317



Total commercial		81,523		7,000		4,989		93,512
Consumer:
Residential mortgage:
Single-family residential		5,045		591		—		5,636
HELOCs		1,704		—		—		1,704


Total consumer		6,749		591		—		7,340
Total		$	88,272	$	7,591	$	4,989	$	100,852

Financing Receivable, Modified, Subsequent Default

The following table presents information on loans that entered into default during the three and six months ended June 30, 2022 that were modified as TDRs during the 12 months preceding payment default:



	Loan Modified as TDRs that Subsequently Defaulted
	Three Months Ended June 30, 2022			Six Months Ended June 30, 2022
($ in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Commercial:
C&I	1	$	1,055	2	$	4,305













Total	1	$	1,055	2	$	4,305

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 Segment

Risk Characteristics

Macroeconomic Variables

C&I

Age, size and spread at origination, and risk rating

Volatility Index and BBB yield to 10-year U.S. Treasury spread

CRE, Multifamily residential, and Construction and land

Delinquency status, maturity date, collateral value, property type, and geographic location

Unemployment rate, Gross Domestic Product (“GDP”), and U.S. Treasury rates

Single-family residential and HELOCs

FICO score, delinquency status, maturity date, collateral value, and geographic location

Unemployment rate, GDP, and home price index

Other consumer

Loss rate approach

Immaterial (1)

(1)Macroeconomic variables are included in the qualitative estimate.

Summary Of Activity In The Allowance For Credit Losses

The following tables summarize the activity in the allowance for loan losses by portfolio segments for the three and six months ended June 30, 2023 and 2022:



		Three Months Ended June 30, 2023
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total
Allowance for loan losses, beginning of period		$	376,325	$	155,067	$	24,526	$	9,322	$	48,007	$	4,971	$	1,675	$	619,893
Provision for (reversal of) credit losses on loans	(a)	5,259		15,685		(1,604)		1,995		3,501		(444)		(367)		24,025
Gross charge-offs		(7,335)		(2,366)		—		—		—		(6)		(48)		(9,755)
Gross recoveries		2,065		119		16		8		5		5		—		2,218
Total net (charge-offs) recoveries		(5,270)		(2,247)		16		8		5		(1)		(48)		(7,537)
Foreign currency translation adjustment		(981)		—		—		—		—		—		—		(981)
Allowance for loan losses, end of period		$	375,333	$	168,505	$	22,938	$	11,325	$	51,513	$	4,526	$	1,260	$	635,400



		Three Months Ended June 30, 2022
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total
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 recoveries		6,514		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



		Six Months Ended June 30, 2023
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total
Allowance for loan losses, December 31, 2022		$	371,700	$	149,864	$	23,373	$	9,109	$	35,564	$	4,475	$	1,560	$	595,645
Impact of ASU 2022-02 adoption		5,683		337		6		—		1		1		—		6,028
Allowance for loan losses, beginning of period		377,383		150,201		23,379		9,109		35,565		4,476		1,560		601,673
Provision for (reversal of) credit losses on loans	(a)	4,581		20,361		(469)		2,205		15,943		136		(212)		42,545
Gross charge-offs		(9,235)		(2,372)		—		—		—		(97)		(88)		(11,792)
Gross recoveries		3,276		315		28		11		5		11		—		3,646
Total net (charge-offs) recoveries		(5,959)		(2,057)		28		11		5		(86)		(88)		(8,146)
Foreign currency translation adjustment		(672)		—		—		—		—		—		—		(672)
Allowance for loan losses, end of period		$	375,333	$	168,505	$	22,938	$	11,325	$	51,513	$	4,526	$	1,260	$	635,400



		Six Months Ended June 30, 2022
		Commercial								Consumer
				CRE						Residential Mortgage
($ in thousands)		C&I		CRE		Multifamily Residential		Construction and Land		Single-Family Residential		HELOCs		Other Consumer		Total
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 recoveries		9,516		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

The following table summarizes the activities in the allowance for unfunded credit commitments for the three and six months ended June 30, 2023 and 2022:



		Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)		2023		2022		2023		2022
Unfunded credit facilities
Allowance for unfunded credit commitments, beginning of period		$	27,741	$	23,262	$	26,264	$	27,514

Provision for (reversal of) credit losses on unfunded credit commitments	(b)	1,975		1,031		3,455		(3,221)
Foreign currency translation adjustment		12		11		9		11
Allowance for unfunded credit commitments, end of period		$	29,728	$	24,304	$	29,728	$	24,304

Provision for credit losses	(a) + (b)	$	26,000	$	13,500	$	46,000	$	21,500

Schedule Of Carrying Value Of Loans Transferred, Loans Sold and Purchased For the Held-For-Investment Portfolio

The following tables provide information on the carrying value of loans transferred, sold and purchased for the held-for-investment portfolio, during the three and six months ended June 30, 2023 and 2022:



	Three Months Ended June 30, 2023
	Commercial				Consumer
							Residential Mortgage
($ in thousands)	C&I		CRE		Construction and Land			Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	111,396	$	—	$	8,154		$	—	$	119,550

Sales (2)(3)	$	115,735	$	—	$	8,154		$	—	$	123,889
Purchases (4)	$	38,279	$	—	$	—		$	79,137	$	117,416



	Three Months Ended June 30, 2022
	Commercial				Consumer
					Residential Mortgage
($ in thousands)	C&I		CRE			Single-Family Residential		Total
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)	$	180,029	$	9,854		$	—	$	189,883
Purchases (4)	$	194,066	$	—		$	122,723	$	316,789



	Six Months Ended June 30, 2023
	Commercial						Consumer
							Residential Mortgage
($ in thousands)	C&I		CRE		Construction and Land			Single-Family Residential		Total
Loans transferred from held-for-investment to held-for-sale (1)	$	268,272	$	3,600	$	8,154		$	—	$	280,026

Sales (2)(3)	$	291,667	$	3,600	$	8,154		$	—	$	303,421
Purchases (4)	$	60,962	$	—	$	—		$	211,136	$	272,098



	Six Months Ended June 30, 2022
	Commercial				Consumer
					Residential Mortgage
($ in thousands)	C&I		CRE			Single-Family Residential		Total
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)	$	287,503	$	31,634		$	451	$	319,588
Purchases (4)	$	304,662	$	—		$	237,098	$	541,760

(1)Includes write-downs of $308 thousand and $581 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, 2023, respectively, and $158 thousand and $217 thousand for the three and six months ended June 30, 2022, respectively.

(2)Includes originated loans sold of $92.2 million and $203.2 million for the three and six months ended June 30, 2023, respectively, and $55.4 million and $167.7 million for the three and six months ended June 30, 2022, respectively. Originated loans sold consisted primarily of C&I loans for each of the three and six months ended June 30, 2023 and 2022.

(3)Includes $31.7 million and $100.3 million of purchased loans sold in the secondary market for the three and six months ended June 30, 2023, respectively, and $134.5 million and $151.9 million for the three and six months ended June 30, 2022, respectively.

(4)C&I loan purchases were comprised primarily of syndicated C&I term loans.