XML 59 R48.htm IDEA: XBRL DOCUMENT v3.21.2
Loans (Major Classifications Of Loans) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Jun. 30, 2021
Dec. 31, 2020
Major classifications of loans [Abstract]            
Total loans, gross $ 3,125,584   $ 3,125,584     $ 2,643,384
Unamortized loan fees and costs 11,078   11,078     8,939
Total loans, net of unamortized loan fees and costs [1] 3,136,662 $ 2,488,760 3,136,662 $ 2,488,760   2,652,323
Repayment of loans 46,426 44,433 143,784 125,326    
SBL Non Real Estate [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 171,845   171,845     255,318
Total loans, net of unamortized loan fees and costs [1] 171,845 293,488 171,845 293,488   255,318
SBL Commercial Mortgage [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 367,272   367,272     300,817
Total loans, net of unamortized loan fees and costs [1] 367,272 270,264 367,272 270,264   300,817
SBL Construction [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 23,117   23,117     20,273
Total loans, net of unamortized loan fees and costs [1] 23,117 27,169 23,117 27,169   20,273
Small Business Loans [Member]            
Major classifications of loans [Abstract]            
Total loans, gross [2] 562,234   562,234     576,408
Direct Lease Financing [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 514,068   514,068     462,182
Total loans, net of unamortized loan fees and costs [1] 514,068 430,675 514,068 430,675   462,182
SBLOC/IBLOC [Member]            
Major classifications of loans [Abstract]            
Total loans, gross [3] 1,834,523   1,834,523     1,550,086
Total loans, net of unamortized loan fees and costs [1] 1,834,523 1,428,253 1,834,523 1,428,253   1,550,086
Advisor Financing [Member]            
Major classifications of loans [Abstract]            
Total loans, gross [4] 81,143   81,143     48,282
Total loans, net of unamortized loan fees and costs [1] 81,143 26,600 $ 81,143 26,600   48,282
Loan amount, loan-to-value ratio     70.00%      
Real Estate Bridge Lending [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 128,699   $ 128,699      
Total loans, net of unamortized loan fees and costs [1] 128,699   128,699      
Other Loans [Member]            
Major classifications of loans [Abstract]            
Total loans, gross [5] 4,917   4,917     6,426
Total loans, net of unamortized loan fees and costs [1] 4,917 $ 6,003 4,917 $ 6,003   6,426
Consumer - Other [Member]            
Major classifications of loans [Abstract]            
Demand deposit overdrafts reclassified as loan balances 272   272     663
Small Business Loans: Non-SBA Loans [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 171,800   171,800   $ 229,000  
PPP Loans [Member]            
Major classifications of loans [Abstract]            
Total loans, gross 71,300   71,300     165,700
IBLOC [Member]            
Major classifications of loans [Abstract]            
Total loans, gross $ 686,800   686,800     $ 437,200
US Government [Member] | PPP Loans [Member]            
Major classifications of loans [Abstract]            
Repayment of loans     $ 58,200      
[1] The ending balance for loans in the unallocated column represents deferred costs and fees.
[2] The preceding table shows small business loans and small business loans held at fair value. The small business loans held at fair value are comprised of the government guaranteed portion of SBA 7a loans at the dates indicated. A reduction in SBL non-real estate loans from $229.0 million at June 30, 2021 to $171.8 million at September 30, 2021 resulted from U.S. government repayments of $58.2 million of Paycheck Protection Program (“PPP”) loans authorized by The Consolidated Appropriations Act, 2021. PPP loans totaled $71.3 million at September 30, 2021 and $165.7 million at December 31, 2020, respectively.
[3] Securities Backed Lines of Credit, or SBLOC, are collateralized by marketable securities, while Insurance Backed Lines of Credit, or IBLOC, are collateralized by the cash surrender value of insurance policies. At September 30, 2021 and December 31, 2020, respectively, IBLOC loans amounted to $686.8 million and $437.2 million.
[4] In 2020, the Company began originating loans to investment advisors for purposes of debt refinance, acquisition of another firm or internal succession. Maximum loan amounts are subject to loan-to-value ratios of 70%, based on third-party business appraisals, but may be increased depending upon the debt service coverage ratio. Personal guarantees and blanket business liens are obtained as appropriate.
[5] Included in the table above under Other loans are demand deposit overdrafts reclassified as loan balances totaling $272,000 and $663,000 at September 30, 2021 and December 31, 2020, respectively. Estimated overdraft charge-offs and recoveries are reflected in the allowance for credit losses and have been immaterial.