The following table presents total loans outstanding by portfolio class, as of March 31, 2020 and December 31, 2019:

Total loans include net deferred loan fees of $2.9 million and $2.2 million at March 31, 2020 and December 31, 2019, respectively, and unearned income of $40.1 million and $39.6 million within the lease financing portfolio at March 31, 2020 and December 31, 2019, respectively.

At March 31, 2020, the Company had commercial, residential and consumer loans held for sale totaling $113.9 million compared to $16.4 million at December 31, 2019. During the first quarter of 2020, the Company had committed

to a plan to sell certain loans and transferred $99.7 million of consumer loans to loans held for sale with no gain or loss recognized upon the transfer. The sale is expected to be completed in May 2020. During the three months ended March 31, 2020 and 2019, the Company sold commercial and residential real estate loans with proceeds totaling $73.1 million and $99.3 million, respectively.

The aggregate loans outstanding to the Company’s directors, executive officers, principal shareholders and their affiliates totaled $21.7 million and $23.0 million at March 31, 2020 and December 31, 2019, respectively. During the three months ended March 31, 2020, there were $80,000 of new loans and other additions, while repayments and other reductions totaled $1.3 million.

The following table represents, by loan portfolio segment, a summary of changes in the ACL on loans for the three months ended March 31, 2020 and 2019:

The following table represents, by loan portfolio segment, details regarding the balance in the allowance for loan loss and the recorded investment in loans as of December 31, 2019 by impairment evaluation method:

(1)

Loans acquired with deteriorated credit quality were originally recorded at fair value at the acquisition date and the risk of credit loss was recognized at that date based on estimates of expected cash flows.

The Company utilizes the Probability of Default (“PD”)/Loss Given Default (“LGD”) methodology in determining expected future credit losses. PD is the risk that the borrower will be unable or unwilling to repay its debt in full or on time. The risk of default is derived by analyzing the obligor’s capacity to repay the debt in accordance with contractual terms. PD is generally associated with financial characteristics such as inadequate cash flow to service debt, declining revenues or operating margins, high leverage, declining or marginal liquidity, and the inability to successfully implement a business plan. In addition to these quantifiable factors, the borrower’s willingness to repay also must be evaluated.

As a method for estimating the allowance, it is a form of migration analysis that combines the estimated probability of loans experiencing default events and the losses ultimately associated with the loans experiencing those defaults. The LGD component is the percentage of defaulted loan balance that is ultimately charged off. Multiplying one by the other gives the Company its loss rate, which is then applied to the loan portfolio balance to determine expected future losses.

Within the model, the LGD approach produces segmented LGD estimates using a loss curve methodology, which is based on historical net losses from charge-off and recovery information. The main principle of a loss curve model is that the loss follows a steady timing schedule based on how long the defaulted loan has been on the books.

The Company’s expected loss estimate is anchored in historical credit loss experience, with an emphasis on all available portfolio data. The Company’s historical look-back period includes January 2012 through the current period, on a monthly basis. When historical credit loss experience is not sufficient for a specific portfolio, the Company may supplement its own portfolio data with external models or data.

Historical data is evaluated in multiple components of the expected credit loss, including the reasonable and supportable forecast and the post-reversion period of each loan segment. The historical experience is used to infer probability of default and loss given default in the reasonable and supportable forecast period. In the post-reversion period, long-term average loss rates are segmented by loan pool.

Qualitative reserves reflect management’s overall estimate of the extent to which current expected credit losses on collectively evaluated loans will differ from historical loss experience. The analysis takes into consideration other analytics performed within the organization, such as enterprise and concentration management, along with other credit-related analytics as deemed appropriate. Management attempts to quantify qualitative reserves whenever possible.

For the initial implementation, the Company’s CECL estimate applies a 12-month forecast that incorporates macroeconomic trends (i.e., unemployment, real estate prices, etc.), political environment, and historical loss experience. Management also took into consideration forecast assumptions used in budgeting, capital planning and stress testing. These considerations influenced the selection of a 12-month period, combined with a 12-month reversion period, for a 24-month period before historic loss experience is applied to the expected loss estimate, consistently for every loan pool.

The Company segments the loan portfolio into pools based on the following risk characteristics: financial asset type, collateral type, loan characteristics, credit characteristics, outstanding loan balances, contractual terms and prepayment assumptions, geographic location, effective interest rate, vintage, industry of borrower and concentrations, historical or expected credit loss patterns, and reasonable and supportable forecast periods.

Within the PD segmentation, credit metrics are identified to further segment the financial assets. The Company utilizes risk ratings for the commercial portfolios and days past due for the consumer and the leasing company portfolios.

The Company has defined five transitioning risk states for each asset pool within the expected credit loss model. The below table illustrates the transition matrix:


		Consumer Loans and
	Commercial Loans	Equipment Finance Loans and Leases
Risk State	Risk Rating	Days Past Due
1	0-5	0-14
2	6	15-29
3	7	30-59
4	8	60-89
Default	9+ and nonaccrual	90+ and nonaccrual

Expected Credit Losses

In calculating expected credit losses, the Company includes loans on nonaccrual status, loans past due 90 days or more and still accruing interest, and loans modified under TDRs.

The following table presents amortized cost basis of individually evaluated loans on nonaccrual status as of March 31, 2020 and December 31, 2019:


	March 31, 2020				December 31, 2019
			Nonaccrual				Nonaccrual
			with no Allowance				with no Allowance
(dollars in thousands)	Nonaccrual		for Credit Loss		Nonaccrual		for Credit Loss
Commercial:
Commercial	$	1,948	$	—	$	1,492	$	119
Commercial Other		2,504		371		4,351		1,519
Commercial real estate:
Commercial real estate non-owner occupied		9,639		4,489		10,915		4,572
Commercial real estate owner occupied		11,672		6,613		4,396		2,648
Multi-family		10,557		2,392		6,231		1,430
Farmland		—		—		200		150
Construction and land development		4,954		693		1,304		1,245
Total commercial loans		41,274		14,558		28,889		11,683
Residential real estate:
Residential first lien		8,414		789		6,140		2,416
Other residential		2,289		—		1,656		912
Consumer:
Consumer		480		—		341		7
Consumer Other		—		—		—		—
Lease financing		1,775		—		1,375		116
Total loans	$	54,232	$	15,347	$	38,401	$	15,134

During the first quarter of 2019, as part of the adoption of CECL, $9.8 million of PCD loans were reclassified to nonaccrual loans. These PCD loans are predominantly well secured and in the process of collection.

There was no interest income recognized on nonaccrual loans during the three months ended March 31, 2020 and 2019 while the loans were in nonaccrual status. Additional interest income that would have been recorded on nonaccrual loans had they been current in accordance with their original terms was $890,000 and $653,000 for the three months ended March 31, 2020 and 2019, respectively. The Company recognized interest income on commercial and commercial real estate loans modified under troubled debt restructurings of $20,000 and $32,000 for the three months ended March 31, 2020 and 2019, respectively.

Collateral Dependent Financial Assets

A collateral dependent financial loan relies solely on the operation or sale of the collateral for repayment. In evaluating the overall risk associated with a loan, the Company considers character, overall financial condition and resources, and payment record of the borrower; the prospects for support from any financially responsible guarantors; and the nature and degree of protection provided by the cash flow and value of any underlying collateral. However, as other sources of repayment become inadequate over time, the significance of the collateral’s value increases and the loan may become collateral dependent.

The table below presents the value of collateral dependent loans by loan class as of March 31, 2020:


(dollars in thousands)	March 31, 2020
Commercial
Commercial Other	$	371
Commercial Real Estate
Non-Owner Occupied		8,874
Owner Occupied		7,264
Multi-Family		10,338
Construction and Land Development		2,941
Residential Real Estate
Residential First Lien		110
Total Collateral Dependent Loans	$	29,898

The aging status of the recorded investment in loans by portfolio as of March 31, 2020 is as follows:


	Accruing Loans
	30-59		60-89		Past Due
	Days		Days		90 Days		Total
(dollars in thousands)	Past Due		Past Due		or More		Past Due		Current		Total
Commercial:
Commercial	$	214	$	498	$	—	$	712	$	646,743	$	647,455
Commercial Other		7,367		3,474		147		10,988		429,884		440,872
Commercial real estate:
Commercial real estate non-owner occupied		7,754		176		—		7,930		792,059		799,989
Commercial real estate owner occupied		149		93		—		242		459,446		459,688
Multi-family		—		—		—		—		132,213		132,213
Farmland		108		—		—		108		83,414		83,522
Construction and land development		2,410		156		8		2,574		200,833		203,407
Total commercial loans		18,002		4,397		155		22,554		2,744,592		2,767,146
Residential real estate:
Residential first lien		1,151		—		248		1,399		431,682		433,081
Other residential		888		—		—		888		103,342		104,230
Consumer:
Consumer		357		75		—		432		84,250		84,682
Consumer Other		4,913		4,063		—		8,976		579,266		588,242
Lease financing		5,601		945		376		6,922		337,669		344,591
Total loans	$	30,912	$	9,480	$	779	$	41,171	$	4,280,801	$	4,321,972

The aging status of the recorded investment in loans by portfolio (excluding PCI) as of December 31, 2019 is as follows:


	Accruing Loans
	30-59		60-89		Past Due
	Days		Days		90 Days		Total
(dollars in thousands)	Past Due		Past Due		or More		Past Due		Current		Total
Commercial	$	5,910	$	3,086	$	—	$	8,996	$	1,037,268	$	1,046,264
Commercial real estate		2,895		399		—		3,294		1,481,361		1,484,655
Construction and land development		1,539		72		—		1,611		200,141		201,752
Residential real estate		588		1,561		145		2,294		545,564		547,858
Consumer		6,701		4,154		—		10,855		697,708		708,563
Lease financing		1,783		1,188		218		3,189		328,017		331,206
Total loans (excluding PCI)	$	19,416	$	10,460	$	363	$	30,239	$	4,290,059	$	4,320,298

Troubled Debt Restructurings

Loans modified as TDRs for commercial and commercial real estate loans generally consist of allowing commercial borrowers to defer scheduled principal payments and make interest only payments for a specified period of time at the stated interest rate of the original loan agreement or lower payments due to a modification of the loans’ contractual terms. TDRs that continue to accrue interest and are greater than $50,000 are individually evaluated for impairment on a quarterly basis, and transferred to nonaccrual status when it is probable that any remaining principal and interest payments due on the loan will not be collected in accordance with the contractual terms of the loan. TDRs that subsequently default are individually evaluated for impairment at the time of default.

The CARES Act provides all banks with the option to elect either or both of the following from March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the termination of the national emergency:

(i) to suspend the requirements under GAAP for loan modifications related to the COVID–19 pandemic that would otherwise be categorized as a TDR; and/or

(ii) to suspend any determination of a loan modified as a result of the effects of the COVID–19 pandemic as being a TDR, including impairment for accounting purposes.

If a bank elects a suspension noted above, the suspension (i) will be effective for the term of the loan modification, but solely with respect to any modification, including a forbearance arrangement, an interest rate modification, a repayment plan, and any other similar arrangement that defers or delays the payment of principal or interest, that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019; and (ii) will not apply to any adverse impact on the credit of a borrower that is not related to the COVID–19 pandemic.

The Company’s TDRs are identified on a case-by-case basis in connection with the ongoing loan collection processes. The following table presents TDRs by loan portfolio as of March 31, 2020 and December 31, 2019:


	March 31, 2020						December 31, 2019⁽³⁾
(dollars in thousands)	Accruing ⁽¹⁾		Non-accrual ⁽²⁾		Total		Accruing ⁽¹⁾		Non-accrual ⁽²⁾		Total
Commercial	$	60	$	1,181	$	1,241	$	435	$	369	$	804
Commercial real estate		1,692		6,032		7,724		1,720		9,834		11,554
Construction and land development		43		163		206		45		167		212
Residential real estate		1,328		2,414		3,742		1,083		1,993		3,076
Consumer		32		—		32		35		—		35
Lease financing		—		52		52		—		55		55
Total loans	$	3,155	$	9,842	$	12,997	$	3,318	$	12,418	$	15,736

(1)	These loans are still accruing interest.

(2)	These loans are included in non-accrual loans in the preceding tables.

(3)	TDRs as of December 31, 2019 exclude PCI loans.

The ACL on TDRs totaled $760,000 and $2.0 million as of March 31, 2020 and December 31, 2019, respectively. The Company had no unfunded commitments in connection with TDRs at March 31, 2020 and December 31, 2019.

The following table presents a summary of loans by portfolio that were restructured during the three months ended March 31, 2020 and 2019 and the loans by portfolio that were modified as TDRs within the previous twelve months that subsequently defaulted during the three months ended March 31, 2020 and 2019:


	Commercial Loan Portfolio						Other Loan Portfolio
			Commercial		Construction		Residential
			Real		and Land		Real				Lease
(dollars in thousands)	Commercial		Estate		Development		Estate		Consumer		Financing		Total
For the three months ended March 31, 2020
Troubled debt restructurings:
Number of loans		—		—		—		6		—		—		6
Pre-modification outstanding balance	$	—	$	—	$	—	$	675	$	—	$	—	$	675
Post-modification outstanding balance		—		—		—		670		—		—		670

Troubled debt restructurings that subsequently defaulted
Number of loans		—		—		—		—		—		—		—
Recorded balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—

For the three months ended March 31, 2019:
Troubled debt restructurings:
Number of loans		—		3		1		7		1		—		12
Pre-modification outstanding balance	$	—	$	1,924	$	62	$	224	$	15	$	—	$	2,225
Post-modification outstanding balance		—		1,838		17		222		15		—		2,092

Troubled debt restructurings that subsequently defaulted
Number of loans		—		—		1		—		—		—		1
Recorded balance	$	—	$	—	$	43	$	—	$	—	$	—	$	43

Credit Quality Monitoring

The Company maintains loan policies and credit underwriting standards as part of the process of managing credit risk. These standards include making loans generally within the Company’s four main regions, which include eastern, northern and southern Illinois and the St. Louis metropolitan area. Our equipment leasing business provides financing to business customers across the country.

The Company has a loan approval process involving underwriting and individual and group loan approval authorities to consider credit quality and loss exposure at loan origination. The loans in the Company’s commercial loan portfolio are risk rated at origination based on the grading system set forth below. All loan authority is based on the aggregate credit to a borrower and its related entities.

The Company’s consumer loan portfolio is primarily comprised of both secured and unsecured loans that are relatively small and are evaluated at origination on a centralized basis against standardized underwriting criteria. The ongoing measurement of credit quality of the consumer loan portfolio is largely done on an exception basis. If payments are made on schedule, as agreed, then no further monitoring is performed. However, if delinquency occurs, the delinquent loans are turned over to the Company’s Consumer Collections Group for resolution. Credit quality for the entire consumer loan portfolio is measured by the periodic delinquency rate, nonaccrual amounts and actual losses incurred.

Loans in the commercial loan portfolio tend to be larger and more complex than those in the other loan portfolio, and therefore, are subject to more intensive monitoring. All loans in the commercial loan portfolio have an assigned relationship manager, and most borrowers provide periodic financial and operating information that allows the relationship managers to stay abreast of credit quality during the life of the loans. The risk ratings of loans in the commercial loan portfolio are reassessed at least annually, with loans below an acceptable risk rating reassessed more frequently and reviewed by various individuals within the Company at least quarterly.

The Company maintains a centralized independent loan review function that monitors the approval process and ongoing asset quality of the loan portfolio, including the accuracy of loan grades. The Company also maintains an independent appraisal review function that participates in the review of all appraisals obtained by the Company.

Credit Quality Indicators

The Company uses a ten grade risk rating system to monitor the ongoing credit quality of its commercial loan portfolio, which includes commercial, commercial real estate and construction and land development loans. These loan grades rank the credit quality of a borrower by measuring liquidity, debt capacity, and coverage and payment behavior as shown in the borrower’s financial statements. The risk grades also measure the quality of the borrower’s management and the repayment support offered by any guarantors.

The Company considers all loans with Risk Grades of 1 – 6 as acceptable credit risks and structures and manages such relationships accordingly. Periodic financial and operating data combined with regular loan officer interactions are deemed adequate to monitor borrower performance. Loans with Risk Grades of 7 are considered “watch credits” categorized as special mention and the frequency of loan officer contact and receipt of financial data is increased to stay abreast of borrower performance. Loans with Risk Grades of 8 – 10 are considered problematic and require special care. Risk Grade 8 is categorized as substandard, 9 as substandard – nonaccrual and 10 as doubtful. Further, loans with Risk Grades of 7 – 10 are managed and monitored regularly through a number of processes, procedures and committees, including oversight by a loan administration committee comprised of executive and senior management of the Company, which includes highly structured reporting of financial and operating data, intensive loan officer intervention and strategies to exit, as well as potential management by the Company’s Special Assets Group. Loans not graded in the commercial loan portfolio are monitored by aging status and payment activity.

The following tables present the recorded investment of the commercial loan portfolio by risk category as of March 31, 2020 and December 31, 2019:


				Term Loans
			Amortized Cost Basis by Origination Year
(dollars in thousands)			2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
Commercial	Commercial	Acceptable credit quality	$	36,244	$	118,192	$	50,709	$	79,205	$	39,003	$	64,281	$	226,404	$	614,038
		Special mention		945		379		3,643		34		431		4,314		7,795		17,541
		Substandard		—		823		692		849		89		4,633		8,790		15,876
		Substandard – nonaccrual		—		—		66		38		433		514		897		1,948
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		—		—		—		—		—		—		—		—
		Subtotal		37,189		119,394		55,110		80,126		39,956		73,742		243,886		649,403

	Commercial Other	Acceptable credit quality		63,535		197,784		69,918		1,046		537		1,253		96,875		430,948
		Special mention		152		1,188		825		5		15		—		2,050		4,235
		Substandard		76		58		572		30		46		5		4,772		5,559
		Substandard – nonaccrual		—		1,229		836		—		49		12		378		2,504
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		61		—		—		—		—		—		69		130
		Subtotal		63,824		200,259		72,151		1,081		647		1,270		104,144		443,376

Commercial Real Estate	Non-Owner Occupied	Acceptable credit quality		21,416		124,691		84,571		125,985		147,992		252,159		9,777		766,591
		Special mention		—		4,479		110		271		27		10,647		—		15,534
		Substandard		906		—		282		5,204		474		10,707		250		17,823
		Substandard – nonaccrual		—		456		111		—		3,495		5,577		—		9,639
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		—		41		—		—		—		—		—		41
		Subtotal		22,322		129,667		85,074		131,460		151,988		279,090		10,027		809,628

	Owner Occupied	Acceptable credit quality		27,644		59,290		37,062		65,814		77,379		150,209		4,084		421,482
		Special mention		—		1,723		253		380		3,037		8,538		—		13,931
		Substandard		—		368		796		169		2,630		19,708		604		24,275
		Substandard – nonaccrual		—		264		170		249		33		9,962		994		11,672
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		—		—		—		—		—		—		—		—
		Subtotal		27,644		61,645		38,281		66,612		83,079		188,417		5,682		471,360

	Multi-Family	Acceptable credit quality		795		15,248		21,586		32,871		22,933		32,045		1,101		126,579
		Special mention		—		—		—		—		—		1,348		—		1,348
		Substandard		—		198		—		—		4,008		80		—		4,286
		Substandard – nonaccrual		—		—		—		—		8,029		2,528		—		10,557
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		—		—		—		—		—		—		—		—
		Subtotal		795		15,446		21,586		32,871		34,970		36,001		1,101		142,770

	Farmland	Acceptable credit quality		1,702		11,046		8,414		11,405		8,071		36,196		2,358		79,192
		Special mention		—		465		193		—		18		280		105		1,061
		Substandard		—		52		602		323		—		2,146		146		3,269
		Substandard – nonaccrual		—		—		—		—		—		—		—		—
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		—		—		—		—		—		—		—		—
		Subtotal		1,702		11,563		9,209		11,728		8,089		38,622		2,609		83,522

Construction and Land Development		Acceptable credit quality		2,604		102,813		29,700		25,183		5,151		9,022		19,590		194,063
		Special mention		—		—		—		2,410		—		1,447		—		3,857
		Substandard		—		153		225		—		—		919		—		1,297
		Substandard – nonaccrual		—		—		—		—		150		4,804		—		4,954
		Doubtful		—		—		—		—		—		—		—		—
		Not graded				4,190		—		—		—		—		—		4,190
		Subtotal		2,604		107,156		29,925		27,593		5,301		16,192		19,590		208,361

Total
		Acceptable credit quality		153,940		629,064		301,960		341,509		301,066		545,165		360,189		2,632,893
		Special mention		1,097		8,234		5,024		3,100		3,528		26,574		9,950		57,507
		Substandard		982		1,652		3,169		6,575		7,247		38,198		14,562		72,385
		Substandard – nonaccrual		—		1,949		1,183		287		12,189		23,397		2,269		41,274
		Doubtful		—		—		—		—		—		—		—		—
		Not graded		61		4,231		—		—		—		—		69		4,361
Total Commercial Loans			$	156,080	$	645,130	$	311,336	$	351,471	$	324,030	$	633,334	$	387,039	$	2,808,420


	December 31, 2019
			Commercial		Construction
			Real		and Land
(dollars in thousands)	Commercial		Estate		Development		Total
Acceptable credit quality	$	1,005,442	$	1,398,400	$	194,992	$	2,598,834
Special mention		17,435		18,450		2,420		38,305
Substandard		23,387		67,805		1,250		92,442
Substandard – nonaccrual		5,843		21,742		1,304		28,889
Doubtful		—		—		—		—
Not graded		—		—		3,090		3,090
Total (excluding PCI)	$	1,052,107	$	1,506,397	$	203,056	$	2,761,560

The Company evaluates the credit quality of its other loan portfolios, which includes residential real estate, consumer and lease financing loans, based primarily on the aging status of the loan and payment activity. Accordingly, loans on nonaccrual status, loans past due 90 days or more and still accruing interest, and loans modified under troubled debt restructurings are considered to be nonperforming for purposes of credit quality evaluation. The following tables present the recorded investment of our other loan portfolio based on the credit risk profile of loans that are performing and loans that are nonperforming as of March 31, 2020 and December 31, 2019:


			Term Loans
			Amortized Cost Basis by Origination Year
(dollars in thousands)			2020		2019		2018		2017		2016		Prior		Revolving Loans		Total
Residential Real Estate	Residential First Lien	Performing	$	2,041	$	29,994	$	68,525	$	149,262	$	107,088	$	74,763	$	371	$	432,044
		Nonperforming		—		110		572		920		698		7,151		—		9,451
		Subtotal		2,041		30,104		69,097		150,182		107,786		81,914		371		441,495

	Other Residential	Performing		242		3,235		4,495		2,999		1,872		2,746		88,102		103,691
		Nonperforming		—		15		24		158		8		199		2,424		2,828
		Subtotal		242		3,250		4,519		3,157		1,880		2,945		90,526		106,519

Consumer	Consumer	Performing		2,970		19,553		23,622		14,689		11,131		9,753		2,932		84,650
		Nonperforming		—		29		81		120		101		178		3		512
		Subtotal		2,970		19,582		23,703		14,809		11,232		9,931		2,935		85,162

	Consumer Other	Performing		146,912		337,739		53,885		12,215		14,943		2,249		20,299		588,242
		Nonperforming		—		—		—		—		—		—		—		—
		Subtotal		146,912		337,739		53,885		12,215		14,943		2,249		20,299		588,242

Leases Financing		Performing		44,905		147,056		89,465		32,284		24,106		6,399		—		344,215
		Nonperforming		—		62		865		563		533		128		—		2,151
		Subtotal		44,905		147,118		90,330		32,847		24,639		6,527		—		346,366

Total
		Performing		197,070		537,577		239,992		211,449		159,140		95,910		111,704		1,552,842
		Nonperforming		—		216		1,542		1,761		1,340		7,656		2,427		14,942
Total Other Loans			$	197,070	$	537,793	$	241,534	$	213,210	$	160,480	$	103,566	$	114,131	$	1,567,784


	December 31, 2019
	Residential				Lease
(dollars in thousands)	Real Estate		Consumer		Financing		Total
Performing	$	546,630	$	708,528	$	330,988	$	1,586,146
Nonperforming		9,024		376		1,593		10,993
Total (excluding PCI)	$	555,654	$	708,904	$	332,581	$	1,597,139