XML 41 R30.htm IDEA: XBRL DOCUMENT v3.23.1
Loans Receivable, Including Loans Held For Sale (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Trade and Other Receivables
Major classifications of Loans receivable, including loans held for sale, held by WebBank as of March 31, 2023 and December 31, 2022 are as follows:
TotalCurrentNon-current
March 31, 2023%December 31, 2022%March 31, 2023December 31, 2022March 31, 2023December 31, 2022
Loans held for sale$694,993 $602,675 $694,993 $602,675 $— $— 
Commercial real estate loans$1,270 — %$987 — %$— $— $1,270 $987 
Commercial and industrial1,020,600 89 %857,817 87 %544,523 472,934 476,077 384,883 
Consumer loans129,575 11 %123,204 13 %111,350 85,826 18,225 37,378 
Total loans1,151,445 100 %982,008 100 %655,873 558,760 495,572 423,248 
Less:
Allowance for credit losses(36,693)(29,690)(36,693)(29,690)— — 
Total loans receivable, net$1,114,752 $952,318 619,180 529,070 495,572 423,248 
Loans receivable, including loans held for sale (a)
$1,314,173 $1,131,745 $495,572 $423,248 
(a)    The amortized cost of loans receivable, including loans held for sale, is considered to be representative of fair value because the rates of interest are not significantly different from market interest rates for instruments with similar maturities. The fair value of loans receivable, including loans held for sale, was $1,808,971 and $1,548,035 as of March 31, 2023 and December 31, 2022, respectively.
Financing Receivable, Allowance for Credit Loss Changes in the ACL are summarized as follows:
Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
December 31, 2022$28 $18,493 $11,169 $29,690 
Impact of adopting current expected credit loss accounting guidance1 1,144 3,597 4,742 
Charge-offs— (3,493)(2,539)(6,032)
Recoveries5 328 154 487 
Provision7 5,156 2,643 7,806 
March 31, 2023$41 $21,628 $15,024 $36,693 

Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
December 31, 2021$23 $9,205 $4,697 $13,925 
Charge-offs— (947)(1,273)(2,220)
Recoveries7 415 407 829 
 (Benefit) Provision(5)648 639 1,282 
March 31, 2022$25 $9,321 $4,470 $13,816 

The ACL and outstanding loan balances are summarized as follows:
March 31, 2023Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
Allowance for credit losses:
Individually evaluated for impairment$8 $876 $— $884 
Collectively evaluated for impairment33 20,752 15,024 35,809 
Total$41 $21,628 $15,024 $36,693 
Outstanding loan balances:
Individually evaluated for impairment$8 $4,171 $— $4,179 
Collectively evaluated for impairment1,262 1,016,429 129,575 1,147,266 
Total$1,270 $1,020,600 $129,575 $1,151,445 

December 31, 2022Commercial Real Estate LoansCommercial & IndustrialConsumer LoansTotal
Allowance for loan losses:
Individually evaluated for impairment$8 $825 $— $833 
Collectively evaluated for impairment20 17,668 11,169 28,857 
Total$28 $18,493 $11,169 $29,690 
Outstanding loan balances:
Individually evaluated for impairment$8 $4,357 $— $4,365 
Collectively evaluated for impairment979 853,460 123,204 977,643 
Total$987 $857,817 $123,204 $982,008 
Financing Receivable, Past Due
Past due loans (accruing and nonaccruing) are summarized as follows:
March 31, 2023Current30-89 Days
Past Due		90+ Days
Past Due		Total
Past Due		Total LoansRecorded
Investment
In Accruing
Loans 90+
Days Past Due
Nonaccrual
Loans
That Are
Current (a)
Commercial real estate loans$1,270 $— $— $— $1,270 $— $— 
Commercial and industrial997,380 12,600 10,620 23,220 1,020,600 10,620 788 
Consumer loans120,565 3,840 5,170 9,010 129,575 5,170 — 
Total loans$1,119,215 $16,440 $15,790 $32,230 $1,151,445 $15,790 $788 
December 31, 2022Current30-89 Days
Past Due		90+ Days
Past Due		Total
Past Due		Total LoansRecorded
Investment
In Accruing
Loans 90+
Days Past Due
Nonaccrual
Loans
That Are
Current (a)
Commercial real estate loans$987 $— $— $— $987 $— $— 
Commercial and industrial832,757 13,800 11,260 25,060 857,817 11,260 788 
Consumer loans115,054 3,470 4,680 8,150 123,204 4,680 — 
Total loans$948,798 $17,270 $15,940 $33,210 $982,008 $15,940 $788 
(a)    Represents nonaccrual loans that are not past due more than 30 days; however, full payment of principal and interest is still not expected.
Financing Receivable Credit Quality Indicators
Outstanding loan balances (accruing and nonaccruing) categorized by these credit quality indicators are summarized as follows:
March 31, 2023Non - GradedPassSpecial
Mention		Sub-
standard		DoubtfulTotal Loans
Commercial real estate loans$— $1,262 $— $8 $— $1,270 
Commercial and industrial623,651 392,778 — 3,383 788 1,020,600 
Consumer loans129,575 — — — — 129,575 
Total loans$753,226 $394,040 $— $3,391 $788 $1,151,445 

December 31, 2022Non - GradedPassSpecial
Mention		Sub-
standard		DoubtfulTotal Loans
Commercial real estate loans$— $979 $— $8 $— $987 
Commercial and industrial566,419 287,041 — 3,569 788 857,817 
Consumer loans123,204 — — — — 123,204 
Total loans$689,623 $288,020 $— $3,577 $788 $982,008