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Basis of Presentation Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of Impact of ASU 2016-13
The following table details the impact of ASU 2016-13 and the reclassification of loans for the identification of new portfolio loan segments under CECL:
 
January 1, 2020
(dollars in thousands)
As Reported Under ASU 2016-13
 
Pre-ASU 2016-13
 
Impact of ASU 2016-13 Adoption
Assets:
 
 
 
 
 
 
 
 
Loans held for investment (outstanding balance)
 
 
 
 
 
 
 
 
Commercial real estate
 
$
2,946,319

 
 
$
3,416,518

 
 
$
(470,199
)
Commercial and industrial
 
1,458,541

 
 
1,720,833

 
 
(262,292
)
Commercial construction
 
345,263

 
 
375,445

 
 
(30,182
)
Business banking
 
1,092,908

 
 

 
 
1,092,908

Consumer real estate
 
1,235,352

 
 
1,545,323

 
 
(309,971
)
Other consumer
 
58,769

 
 
79,033

 
 
(20,264
)
Allowance for credit losses on loans
 
(89,577
)
 
 
(62,224
)
 
 
(27,353
)
Total loans held for investment, net
 
$
7,047,575

 
 
$
7,074,928

 
 
$
(27,353
)
Net deferred tax asset
 
$
19,317

 
 
$
13,206

 
 
$
6,111

Liabilities:
 
 
 
 
 
 
 
 
Allowance for credit losses on unfunded loan commitments
 
$
4,462

 
 
$
3,113

 
 
$
1,349

Equity:
 
 
 
 
 
 
 
 
Retained earnings
 
$
738,493

 
 
$
761,083

 
 
$
(22,590
)