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Loans (Tables)
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Loan Portfolio by Classes
Loans held for investment consist of the following loan classes:
(in thousands)September 30,
2023		December 31,
2022
Real estate loans
Commercial real estate
Non-owner occupied$1,593,571 $1,615,716 
Multi-family residential771,654 820,023 
Land development and construction loans301,938 273,174 
2,667,163 2,708,913 
Single-family residential1,371,194 1,102,845 
Owner occupied1,129,921 1,046,450 
5,168,278 4,858,208 
Commercial loans (1)1,452,759 1,381,234 
Loans to financial institutions and acceptances13,353 13,292 
Consumer loans and overdrafts438,997 604,460 
    Total loans held for investment, gross (2)$7,073,387 $6,857,194 
_________________
(1)At September 30, 2023 and December 31, 2022, includes equipment loans and leases totaling $49.3 million and $45.3 million, respectively.
(2)Excludes accrued interest receivable.
Loans held for sale consist of the following loan classes:
(in thousands)September 30,
2023
December 31, 2022
Loans held for sale at the lower of fair value or cost
Real estate loans
Commercial real estate
Non-owner occupied$43,256 $— 
Total loans held for sale at the lower of fair value or cost (1)
43,256 — 
Mortgage loans held for sale at fair value
Land development and construction loans (2)6,931 9,424 
Single-family residential (3)19,022 53,014 
Total loans held for sale at fair value (4)25,953 62,438 
Total loans held for sale (5)(6)$69,209 $62,438 
_______________
(1)In the third quarter of 2023, the Company transferred a New York-based CRE loan held for investment to the loans held for sale category, and recognized a valuation allowance of $5.6 million as result of the fair value adjustment of this loan. The Company subsequently sold this loan and there was no material impact to the Company’s results of operations as result of this transaction.
(2)In the nine months ended September 30, 2023, the Company transferred approximately $14 million in land development and construction loans held for sale to the loans held for investment category.
(3)In the nine months ended September 30, 2023, the Company transferred approximately $81 million in single-family residential loans held for sale to the loans held for investment category.
(4)Loans held for sale in connection with Amerant Mortgage’s ongoing business.
(5)Remained current and in accrual status at each of the periods shown.
(6)Excludes accrued interest receivable.
Schedule of Loan Portfolio Delinquencies
The age analyses of the loan portfolio by class as of September 30, 2023 and December 31, 2022, are summarized in the following tables:
September 30, 2023
Total Loans,
Net of
Unearned
Income		Past Due
(in thousands)Current30-59
Days		60-89
Days		Greater than
90 Days		Total Past
Due
Real estate loans
Commercial real estate
Non-owner occupied$1,593,571 $1,593,571 $— $— $— $— 
Multi-family residential771,654 748,075 235 — 23,344 23,579 
Land development and construction loans301,938 301,938 — — — — 
2,667,163 2,643,584 235 — 23,344 23,579 
Single-family residential1,371,194 1,369,078 — 1,845 271 2,116 
Owner occupied1,129,921 1,124,503 1,393 1,229 2,796 5,418 
5,168,278 5,137,165 1,628 3,074 26,411 31,113 
Commercial loans1,452,759 1,442,915 3,225 4,209 2,410 9,844 
Loans to financial institutions and acceptances13,353 13,353 — — — — 
Consumer loans and overdrafts438,997 433,444 2,995 2,558 — 5,553 
$7,073,387 $7,026,877 $7,848 $9,841 $28,821 $46,510 

December 31, 2022
Total Loans,
Net of
Unearned
Income		Past Due
(in thousands)Current30-59
Days		60-89
Days		Greater than
90 Days		Total Past
Due
Real estate loans
Commercial real estate
Non-owner occupied$1,615,716 $1,615,716 $— $— $— $— 
Multi-family residential820,023 818,394 1,387 242 — 1,629 
Land development and construction loans273,174 273,174 — — — — 
2,708,913 2,707,284 1,387 242 — 1,629 
Single-family residential1,102,845 1,098,310 3,140 150 1,245 4,535 
Owner occupied1,046,450 1,039,928 172 6,014 336 6,522 
4,858,208 4,845,522 4,699 6,406 1,581 12,686 
Commercial loans1,381,234 1,373,042 1,523 475 6,194 8,192 
Loans to financial institutions and acceptances13,292 13,292 — — — — 
Consumer loans and overdrafts604,460 601,921 2,439 62 38 2,539 
$6,857,194 $6,833,777 $8,661 $6,943 $7,813 $23,417 
The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing as of September 30, 2023 and December 31, 2022:
As of September 30, 2023
(in thousands)Nonaccrual Loans With No Related AllowanceNonaccrual Loans With Related AllowanceTotal Nonaccrual Loans (1)Loans Past Due Over 90 Days and Still Accruing
Real estate loans
Commercial real estate
Nonowner occupied$— $— $— $— 
Multi-family residential— 23,344 $23,344 — 
— 23,344 23,344 — 
Single-family residential843 1,690 $2,533 — 
Owner occupied1,951 149 2,100 — 
2,794 25,183 $27,977 — 
Commercial loans959 3,754 $4,713 504 
Consumer loans and overdrafts1 — 1 — 
Total$3,754 $28,937 $32,691 $504 
As of December 31, 2022
(in thousands)Nonaccrual Loans With No Related AllowanceNonaccrual Loans With Related AllowanceTotal Nonaccrual Loans (1)Loans Past Due Over 90 Days and Still Accruing
Real estate loans
Commercial real estate
Nonowner occupied$20,057 $— $20,057 $— 
Multi-family residential— — — — 
20,057 — 20,057 — 
Single-family residential— 1,526 1,526 253 
Owner occupied5,936 334 6,270 — 
25,993 1,860 27,853 253 
Commercial loans482 8,789 9,271 183 
Consumer loans and overdrafts— 4 4 35 
Total$26,475 $10,653 $37,128 $471