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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Fair Value of Available-for-Sale Investment Securities
The following table presents the amortized cost and fair value of the investment securities portfolio as of the dates indicated:
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
June 30, 2020
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities
$100,128  $5,427  $—  $105,555  
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
199,262  1,906  (32) 201,136  
Municipal securities
52,973  4,201  —  57,174  
Non-agency residential mortgage-backed securities161  3  —  164  
Collateralized loan obligations703,605  —  (35,252) 668,353  
Corporate debt securities141,962  2,387  (702) 143,647  
Total securities available-for-sale$1,198,091  $13,924  $(35,986) $1,176,029  
December 31, 2019
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities
$37,613  $—  $(1,157) $36,456  
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
91,543  16  (260) 91,299  
Municipal securities52,997  51  (359) 52,689  
Non-agency residential mortgage-backed securities191  5  —  196  
Collateralized loan obligations733,605  —  (15,244) 718,361  
Corporate debt securities13,500  79  —  13,579  
Total securities available-for-sale$929,449  $151  $(17,020) $912,580  
Proceeds from Sales and Calls of Securities and Associated Gross Gains and Losses
The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated:
Three Months Ended
June 30, 		Six Months Ended
June 30,
($ in thousands)2020201920202019
Gross realized gains on sales and calls of securities available-for-sale
$2,011  $—  $2,011  $208  
Gross realized losses on sales and calls of securities available-for-sale
—  —  —  —  
Net realized gains on sales and calls of securities available-for-sale
$2,011  $—  $2,011  $208  
Proceeds from sales and calls of securities available-for-sale
$22,728  $298,156  $52,728  $820,048  
Summary of Investment Securities with Unrealized Losses
The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous, unrealized loss position as of the dates indicated:
Less Than 12 Months12 Months or LongerTotal
($ in thousands)Fair
Value		Gross Unrealized LossesFair
Value		Gross Unrealized LossesFair
Value		Gross Unrealized Losses
June 30, 2020
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
$9,416  $(32) $—  $—  $9,416  $(32) 
Collateralized loan obligations
63,040  (1,960) 605,313  (33,292) 668,353  (35,252) 
Corporate debt securities
31,798  (702) —  —  31,798  (702) 
Total securities available-for-sale
$104,254  $(2,694) $605,313  $(33,292) $709,567  $(35,986) 
December 31, 2019
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities
$35,872  $(1,157) $—  $—  $35,872  $(1,157) 
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
73,379  (260) —  —  73,379  (260) 
Municipal securities
31,723  (359) —  —  31,723  (359) 
Collateralized loan obligations
49,553  (447) 668,808  (14,797) 718,361  (15,244) 
Total securities available-for-sale
$190,527  $(2,223) $668,808  $(14,797) $859,335  $(17,020) 
Composition, Repricing and Yield Information of Investment Securities Portfolio
The following table presents maturities, based on the earlier of maturity dates or next repricing date, and yield information of the investment securities portfolio as of June 30, 2020:
One year or lessMore than One Year through Five YearsMore than Five Years through Ten YearsMore than Ten YearsTotal
($ in thousands)Fair
Value		Weighted-Average YieldFair
Value		Weighted-Average YieldFair
Value		Weighted-Average YieldFair
Value		Weighted-Average YieldFair
Value		Weighted-Average Yield
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities
$—  — %$—  — %$30,413  2.20 %$75,142  2.35 %$105,555  2.31 %
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
118,163  0.74 %11,608  2.02 %25,579  1.63 %45,786  0.93 %201,136  0.96 %
Municipal securities
—  — %—  — %—  — %57,174  2.79 %57,174  2.79 %
Non-agency residential mortgage-backed securities
—  — %—  — %—  — %164  6.14 %164  6.14 %
Collateralized loan obligations
668,353  2.73 %—  — %—  — %—  — %668,353  2.73 %
Corporate debt securities
—  — %122,301  4.99 %21,346  5.64 %—  — %143,647  5.08 %
Total securities available-for-sale
$786,516  2.45 %$133,909  4.74 %$77,338  2.96 %$178,266  2.11 %$1,176,029  2.68 %