Loans Held for Sale, Net

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Loans Held for Sale, Net

Note 5 — Loans Held for Sale, Net

The following table summarizes loans held for sale as of June 30, 2020 and December 31, 2019 (in thousands):

	June 30, 2020			December 31, 2019
Unpaid principal balance	$	214,382		$	216,054
Valuation adjustments		(1,307	)		(396	)
Deferred loan origination costs		(731	)		(1,191	)
Ending balance	$	212,344		$	214,467

As of June 30, 2020, $41.0 million of loans held for sale have participated in the COVID-19 forbearance program. Accrued interest on these loans was $1.7 million as of June 30, 2020.