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Loans
 9 Months Ended
Sep. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Loans LOANS
Loans Held-for-Investment
The following table presents the Company's loans held-for-investment by class.
Loan Portfolio
(Dollar amounts in thousands)
As of
 September 30,
2020		December 31,
2019
Commercial and industrial$4,635,571 $4,481,525 
Agricultural377,466 405,616 
Commercial real estate:  
Office, retail, and industrial1,950,406 1,848,718 
Multi-family868,293 856,553 
Construction631,607 593,093 
Other commercial real estate1,452,994 1,383,708 
Total commercial real estate4,903,300 4,682,072 
Total corporate loans, excluding Paycheck Protection Program ("PPP") loans9,916,337 9,569,213 
PPP loans1,196,538 — 
Total corporate loans11,112,875 9,569,213 
Home equity827,746 851,454 
1-4 family mortgages2,287,555 1,927,078 
Installment425,012 492,585 
Total consumer loans3,540,313 3,271,117 
Total loans$14,653,188 $12,840,330 
Deferred loan fees included in total loans$9,608 $7,972 
Overdrawn demand deposits included in total loans7,906 10,675 
Accrued interest receivable on the loan portfolio totaled $56.3 million and $48.4 million as of September 30, 2020 and December 31, 2019, respectively and is included in accrued interest receivable and other assets in the Consolidated Statements of Financial Condition.
The Company primarily lends to community-based and mid-sized businesses, commercial real estate customers, and consumers in its markets. Within these areas, the Company diversifies its loan portfolio by loan type, industry, and borrower.
It is the Company's policy to review each prospective credit to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with state lending laws, the Company's lending standards, and credit monitoring and remediation procedures. A discussion of risk characteristics relevant to each portfolio segment is presented in Note 5, "Loans" to the Consolidated Financial Statements in the Company's 2019 10-K.
Loan Sales
The following table presents loan sales and purchases for the quarters and nine months ended September 30, 2020 and 2019.
Loan Sales and Purchases
(Dollar amounts in thousands)
 Quarters Ended 
 September 30,		Nine Months Ended 
 September 30,
 2020201920202019
Corporate loan sales
Proceeds from sales$50 $5,108 $4,648 $10,484 
Less book value of loans sold65 4,950 4,542 10,198 
Net (losses) gains on corporate loan sales(1)
(15)158 106 286 
1-4 family mortgage loan sales
Proceeds from sales258,695 143,776 551,105 297,967 
Less book value of loans sold251,819 140,998 537,120 291,926 
Net gains on 1-4 family mortgage loan sales(2)
6,876 2,778 13,985 6,041 
Total net gains on loan sales$6,861 $2,936 $14,091 $6,327 
Corporate loan purchases(3)
Commercial and industrial$10,196 $95,967 $178,912 $277,577 
Office, retail, and industrial— 20 — 1,731 
Construction3,692 1,852 7,589 4,118 
Other commercial real estate— 19,940 10,000 23,926 
Total corporate loan purchases$13,888 $117,779 $196,501 $307,352 
Consumer loan purchases
Home equity$— $— $144,967 $77,411 
1-4 family mortgages168,052 293,500 417,637 597,963 
Installment— 3,305 — 3,305 
Total consumer loan purchases$168,052 $296,805 $562,604 $678,679 
(1)Net gains on corporate loan sales are included in other service charges, commissions, and fees in the Condensed Consolidated Statements of Income.
(2)Net gains on 1-4 family mortgage loan sales are included in mortgage banking income in the Condensed Consolidated Statements of Income.
(3)Consists of the Company's portion of loan participations purchased.
The Company retained servicing responsibilities for a portion of the 1-4 family mortgage loans sold and collects servicing fees equal to a percentage of the outstanding principal balance. For additional disclosure related to the Company's obligations resulting from the sale of certain 1-4 family mortgage loans, see Note 13, "Commitments, Guarantees, and Contingent Liabilities."