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Loans, Allowance for Loan Losses and Allowance for Unfunded Credit Commitments (Tables)
 6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Loans and Allowance for Loan Losses
The composition of loans, net of unearned income of $127 million and $125 million at June 30, 2017 and December 31, 2016, respectively, is presented in the following table:
(Dollars in thousands)
 
June 30, 2017
 
December 31, 2016
Commercial loans:
 
 
 
 
Software/internet
 
$
5,392,022

 
$
5,627,031

Hardware
 
1,118,266

 
1,180,398

Private equity/venture capital
 
8,891,662

 
7,691,148

Life science/healthcare
 
1,698,617

 
1,853,004

Premium wine
 
210,909

 
200,156

Other
 
443,337

 
393,551

Total commercial loans
 
17,754,813

 
16,945,288

Real estate secured loans:
 
 
 
 
Premium wine (1)
 
694,060

 
678,166

Consumer loans (2)
 
2,127,901

 
1,926,968

Other
 
42,893

 
43,487

Total real estate secured loans
 
2,864,854

 
2,648,621

Construction loans
 
80,540

 
64,671

Consumer loans
 
276,259

 
241,364

Total loans, net of unearned income (3)
 
$
20,976,466

 
$
19,899,944

 
 
(1)
Included in our premium wine portfolio are gross construction loans of $107 million and $110 million at June 30, 2017 and December 31, 2016, respectively.
(2)
Consumer loans secured by real estate at June 30, 2017 and December 31, 2016 were comprised of the following:
(Dollars in thousands)
 
June 30, 2017
 
December 31, 2016
Loans for personal residence
 
$
1,837,491

 
$
1,655,349

Loans to eligible employees
 
223,718

 
199,291

Home equity lines of credit
 
66,692

 
72,328

Consumer loans secured by real estate
 
$
2,127,901

 
$
1,926,968


(3)
Included within our total loan portfolio are credit card loans of $253 million and $224 million at June 30, 2017 and December 31, 2016, respectively.
Composition of Loans, Net of Unearned Income, Broken Out by Portfolio Segment and Class of Financing Receivable
The composition of loans, net of unearned income of $127 million and $125 million at June 30, 2017 and December 31, 2016, respectively, broken out by portfolio segment and class of financing receivable, is as follows:
(Dollars in thousands)
 
June 30, 2017
 
December 31, 2016
Commercial loans:
 
 
 
 
Software/internet
 
$
5,392,022

 
$
5,627,031

Hardware
 
1,118,266

 
1,180,398

Private equity/venture capital
 
8,891,662

 
7,691,148

Life science/healthcare
 
1,698,617

 
1,853,004

Premium wine
 
904,969

 
878,322

Other
 
566,770

 
501,709

Total commercial loans
 
18,572,306

 
17,731,612

Consumer loans:
 
 
 
 
Real estate secured loans
 
2,127,901

 
1,926,968

Other consumer loans
 
276,259

 
241,364

Total consumer loans
 
2,404,160

 
2,168,332

Total loans, net of unearned income
 
$
20,976,466

 
$
19,899,944
Aging of Gross Loans, Broken out by Portfolio Segment and Class of Financing Receivable
The following table summarizes the aging of our gross loans, broken out by portfolio segment and class of financing receivable as of June 30, 2017 and December 31, 2016:
(Dollars in thousands)
 
30 - 59
  Days Past  
Due
 
60 - 89
  Days Past  
Due
 
Greater
Than 90
  Days Past  
Due
 
  Total Past  
Due
 
Current  
 
  Loans Past Due  
90 Days or
More Still
Accruing
Interest
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
8,524

 
$
532

 
$
79

 
$
9,135

 
$
5,303,770

 
$
79

Hardware
 
4,654

 
47

 
5

 
4,706

 
1,096,455

 
5

Private equity/venture capital
 
48,132

 
7,012

 
—

 
55,144

 
8,846,984

 
—

Life science/healthcare
 
794

 
165

 
—

 
959

 
1,715,883

 
—

Premium wine
 
2,260

 
—

 
—

 
2,260

 
900,699

 
—

Other
 
85

 
270

 
—

 
355

 
571,425

 
—

Total commercial loans
 
64,449

 
8,026

 
84

 
72,559

 
18,435,216

 
84

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
—

 
847

 
—

 
847

 
2,123,151

 
—

Other consumer loans
 
2

 
—

 
—

 
2

 
273,878

 
—

Total consumer loans
 
2

 
847

 
—

 
849

 
2,397,029

 
—

Total gross loans excluding impaired loans
 
64,451

 
8,873

 
84

 
73,408

 
20,832,245

 
84

Impaired loans
 
652

 
3,738

 
27,408

 
31,798

 
166,495

 


Total gross loans
 
$
65,103

 
$
12,611

 
$
27,492

 
$
105,206

 
$
20,998,740

 
$
84

December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet

 
$
37,087

 
$
1,162

 
$
6

 
$
38,255

 
$
5,507,575

 
$
6

Hardware
 
5,591

 
36

 
27

 
5,654

 
1,118,065

 
27

Private equity/venture capital
 
689

 
—

 
—

 
689

 
7,747,222

 
—

Life science/healthcare
 
283

 
551

 
—

 
834

 
1,827,490

 
—

Premium wine
 
1,003

 
4

 
—

 
1,007

 
876,185

 
—

Other
 
34

 
300

 
—

 
334

 
504,021

 
—

Total commercial loans
 
44,687

 
2,053

 
33

 
46,773

 
17,580,558

 
33

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
850

 
—

 
—

 
850

 
1,923,266

 
—

Other consumer loans
 
1,402

 
—

 
—

 
1,402

 
237,353

 
—

Total consumer loans
 
2,252

 
—

 
—

 
2,252

 
2,160,619

 
—

Total gross loans excluding impaired loans
 
46,939

 
2,053

 
33

 
49,025

 
19,741,177

 
33

Impaired loans
 
34,636

 
3,451

 
11,180

 
49,267

 
185,193

 
—

Total gross loans
 
$
81,575

 
$
5,504

 
$
11,213

 
$
98,292

 
$
19,926,370

 
$
33
Impaired Loans and Allowance for Loan Losses, Broken out by Portfolio Segment and Class of Financing Receivable
The following table summarizes our impaired loans as they relate to our allowance for loan losses, broken out by portfolio segment and class of financing receivable as of June 30, 2017 and December 31, 2016:
(Dollars in thousands)
 
Impaired loans for  
which there is a
related allowance
for loan losses
 
Impaired loans for  
which there is no
related allowance
for loan losses
 
Total carrying value of impaired loans
 
Total unpaid
principal of impaired loans
June 30, 2017:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet

 
$
98,970

 
$
30,657

 
$
129,627

 
$
154,587

Hardware
 
29,396

 
624

 
30,020

 
35,251

Private equity/venture capital
 
308

 
—

 
308

 
308

Life science/healthcare
 
30,898

 
573

 
31,471

 
38,128

Premium wine
 
3,167

 
—

 
3,167

 
3,188

Other
 
408

 
—

 
408

 
1,408

Total commercial loans
 
163,147

 
31,854

 
195,001

 
232,870

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,328

 
—

 
1,328

 
1,387

Other consumer loans
 
1,964

 
—

 
1,964

 
2,036

Total consumer loans
 
3,292

 
—

 
3,292

 
3,423

Total
 
$
166,439

 
$
31,854

 
$
198,293

 
$
236,293

December 31, 2016:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet

 
$
121,658

 
$
1,090

 
$
122,748

 
$
129,648

Hardware
 
65,395

 
—

 
65,395

 
70,683

Private equity/venture capital
 
—

 
—

 
—

 
—

Life science/healthcare
 
38,361

 
—

 
38,361

 
41,130

Premium wine
 
3,187

 
—

 
3,187

 
3,187

Other
 
867

 
—

 
867

 
867

Total commercial loans
 
229,468

 
1,090

 
230,558

 
245,515

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,504

 
—

 
1,504

 
2,779

Other consumer loans
 
2,398

 
—

 
2,398

 
2,398

Total consumer loans
 
3,902

 
—

 
3,902

 
5,177

Total
 
$
233,370

 
$
1,090

 
$
234,460

 
$
250,692
Average Impaired Loans, Broken out by Portfolio Segment and Class of Financing Receivable
The following tables summarize our average impaired loans, broken out by portfolio segment and class of financing receivable for the three and six months ended June 30, 2017 and 2016:
Three months ended June 30,
 
Average impaired loans
 
Interest income on impaired loans
(Dollars in thousands)
 
2017
 
2016
 
2017
 
2016
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet

 
$
136,374

 
$
101,168

 
$
711

 
$
438

Hardware
 
29,771

 
23,221

 
510

 
442

Private equity/venture capital
 
327

 
—

 
3

 
—

Life science/healthcare
 
36,033

 
33,324

 
191

 
—

Premium wine
 
3,221

 
2,040

 
38

 
18

Other
 
708

 
5,485

 
—

 
7

Total commercial loans
 
206,434

 
165,238

 
1,453

 
905

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,360

 
127

 
—

 
—

Other consumer loans
 
1,679

 
786

 
—

 
11

Total consumer loans
 
3,039

 
913

 
—

 
11

Total average impaired loans
 
$
209,473

 
$
166,151

 
$
1,453

 
$
916


Six months ended June 30,
 
Average impaired loans
 
Interest income on impaired loans
(Dollars in thousands)
 
2017
 
2016
 
2017
 
2016
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
123,145

 
$
95,268

 
$
938

 
$
763

Hardware
 
31,940

 
23,824

 
943

 
749

Private equity/venture capital
 
342

 
—

 
5

 
—

Life science/healthcare
 
37,488

 
36,507

 
291

 
—

Premium wine
 
3,217

 
2,106

 
76

 
35

Other
 
885

 
4,669

 
—

 
15

Total commercial loans
 
197,017

 
162,374

 
2,253

 
1,562

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,424

 
131

 
—

 
—

Other consumer loans
 
1,914

 
410

 
—

 
11

Total consumer loans
 
3,338

 
541

 
—

 
11

Total average impaired loans
 
$
200,355

 
$
162,915

 
$
2,253

 
$
1,573
Activity in Allowance for Loan Losses Broken out by Portfolio Segment
The following tables summarize the activity relating to our allowance for loan losses for the three and six months ended June 30, 2017 and 2016, broken out by portfolio segment:
Three months ended June 30, 2017
 
Beginning Balance March 31, 2017
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance June 30, 2017
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet

 
$
109,502

 
$
(19,401
)
 
$
1,236

 
$
1,527

 
$
73

 
$
92,937

Hardware
 
23,284

 
(249
)
 
77

 
4,474

 
214

 
27,800

Private equity/venture capital
 
57,078

 
—

 
—

 
9,263

 
444

 
66,785

Life science/healthcare
 
31,542

 
(4,678
)
 
8

 
819

 
39

 
27,730

Premium wine
 
4,343

 
—

 
—

 
(1,155
)
 
(55
)
 
3,133

Other
 
4,377

 
(753
)
 
180

 
316

 
15

 
4,135

Total commercial loans
 
230,126

 
(25,081
)
 
1,501

 
15,244

 
730

 
222,520

Total consumer loans
 
13,004

 
—

 
1,034

 
(59
)
 
(3
)
 
13,976

Total allowance for loan losses
 
$
243,130

 
$
(25,081
)
 
$
2,535

 
$
15,185

 
$
727

 
$
236,496

Three months ended June 30, 2016
 
Beginning Balance March 31, 2016
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance June 30, 2016
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
106,898

 
$
(18,055
)
 
$
260

 
$
16,215

 
$
(1,089
)
 
$
104,229

Hardware
 
23,836

 
(2,015
)
 
183

 
2,003

 
(136
)
 
23,871

Private equity/venture capital
 
43,686

 
—

 
—

 
6,562

 
(441
)
 
49,807

Life science/healthcare
 
30,285

 
(606
)
 
185

 
12,853

 
(865
)
 
41,852

Premium wine
 
5,244

 
—

 
—

 
(465
)
 
31

 
4,810

Other
 
9,547

 
—

 
599

 
(714
)
 
48

 
9,480

Total commercial loans
 
219,496

 
(20,676
)
 
1,227

 
36,454

 
(2,452
)
 
234,049

Total consumer loans
 
10,753

 
—

 
34

 
(121
)
 
8

 
10,674

Total allowance for loan losses
 
$
230,249

 
$
(20,676
)
 
$
1,261

 
$
36,333

 
$
(2,444
)
 
$
244,723



Six months ended June 30, 2017
 
Beginning Balance December 31, 2016
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance June 30, 2017
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
97,388

 
$
(27,381
)
 
$
2,407

 
$
20,246

 
$
277

 
$
92,937

Hardware
 
31,166

 
(4,273
)
 
344

 
394

 
169

 
27,800

Private equity/venture capital
 
50,299

 
—

 
—

 
15,969

 
517

 
66,785

Life science/healthcare
 
25,446

 
(6,410
)
 
44

 
8,527

 
123

 
27,730

Premium wine
 
4,115

 
—

 
—

 
(929
)
 
(53
)
 
3,133

Other
 
4,768

 
(1,047
)
 
477

 
(74
)
 
11

 
4,135

Total commercial loans
 
213,182

 
(39,111
)
 
3,272

 
44,133

 
1,044

 
222,520

Consumer loans
 
12,184

 
—

 
1,055

 
731

 
6

 
13,976

Total allowance for loan losses
 
$
225,366

 
$
(39,111
)
 
$
4,327

 
$
44,864

 
$
1,050

 
$
236,496



Six months ended June 30, 2016
 
Beginning Balance December 31, 2015
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance June 30, 2016
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
103,045

 
$
(40,216
)
 
$
4,220

 
$
37,847

 
$
(667
)
 
$
104,229

Hardware
 
23,085

 
(3,501
)
 
422

 
3,962

 
(97
)
 
23,871

Private equity/venture capital
 
35,282

 
—

 
—

 
14,805

 
(280
)
 
49,807

Life science/healthcare
 
36,576

 
(3,001
)
 
676

 
8,550

 
(949
)
 
41,852

Premium wine
 
5,205

 
—

 
—

 
(426
)
 
31

 
4,810

Other
 
4,252

 
(30
)
 
673

 
4,431

 
154

 
9,480

Total commercial loans
 
207,445

 
(46,748
)
 
5,991

 
69,169

 
(1,808
)
 
234,049

Consumer loans
 
10,168

 
(102
)
 
83

 
505

 
20

 
10,674

Total allowance for loan losses
 
$
217,613

 
$
(46,850
)
 
$
6,074

 
$
69,674

 
$
(1,788
)
 
$
244,723


The following table summarizes the activity relating to our allowance for unfunded credit commitments for the three and six months ended June 30, 2017 and 2016:
 
 
Three months ended June 30,
 
Six months ended June 30,
(Dollars in thousands)
 
2017

2016
 
2017
 
2016
Beginning balance
 
$
46,335

 
$
34,541

 
$
45,265

 
$
34,415

Provision for unfunded credit commitments
 
621

 
413

 
1,676

 
547

Foreign currency translation adjustments
 
44

 
(65
)
 
59

 
(73
)
Ending balance (1)
 
$
47,000

 
$
34,889

 
$
47,000


$
34,889

 
(1)
See Note 12—“Off-Balance Sheet Arrangements, Guarantees and Other Commitments” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report for additional disclosures related to our commitments to extend credit.
Allowance for Loan Losses Individually and Collectively Evaluated for Impairment
The following table summarizes the allowance for loan losses individually and collectively evaluated for impairment as of June 30, 2017 and December 31, 2016, broken out by portfolio segment:
 
 
June 30, 2017
 
December 31, 2016
 
 
Individually Evaluated for  
Impairment
 
Collectively Evaluated for  
Impairment
 
Individually Evaluated for  
Impairment
 
Collectively Evaluated for  
Impairment
(Dollars in thousands)
 
Allowance for loan losses
 
Recorded investment in loans
 
Allowance for loan losses
 
Recorded investment in loans
 
Allowance for loan losses
 
Recorded investment in loans
 
Allowance for loan losses
 
Recorded investment in loans
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
30,291

 
$
129,627

 
$
62,646

 
$
5,262,395

 
$
28,245

 
$
122,748

 
$
69,143

 
$
5,504,283

Hardware
 
5,329

 
30,020

 
22,471

 
1,088,246

 
9,995

 
65,395

 
21,171

 
1,115,003

Private equity/venture capital
 
31

 
308

 
66,754

 
8,891,354

 
—

 
—

 
50,299

 
7,691,148

Life science/healthcare
 
11,223

 
31,471

 
16,507

 
1,667,146

 
8,709

 
38,361

 
16,737

 
1,814,643

Premium wine
 
290

 
3,167

 
2,843

 
901,802

 
520

 
3,187

 
3,595

 
875,135

Other
 
270

 
408

 
3,865

 
566,362

 
233

 
867

 
4,535

 
500,842

Total commercial loans
 
47,434

 
195,001

 
175,086

 
18,377,305

 
47,702

 
230,558

 
165,480

 
17,501,054

Total consumer loans
 
936

 
3,292

 
13,040

 
2,400,868

 
1,123

 
3,902

 
11,061

 
2,164,430

Total
 
$
48,370

 
$
198,293

 
$
188,126

 
$
20,778,173

 
$
48,825

 
$
234,460

 
$
176,541

 
$
19,665,484
Credit Quality Indicators, Broken out by Portfolio Segment and Class of Financing Receivables
The following table summarizes the credit quality indicators, broken out by portfolio segment and class of financing receivables as of June 30, 2017 and December 31, 2016:
(Dollars in thousands)
 
Pass
 
Performing (Criticized)
 
Performing Impaired (Criticized)
 
Nonperforming Impaired (Nonaccrual)
 
Total
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
4,922,821

 
$
390,084

 
$
42,413

 
$
87,214

 
$
5,442,532

Hardware
 
952,429

 
148,732

 
23,710

 
6,310

 
1,131,181

Private equity/venture capital
 
8,896,099

 
6,029

 
308

 
—

 
8,902,436

Life science/healthcare
 
1,576,136

 
140,706

 
8,972

 
22,499

 
1,748,313

Premium wine
 
888,305

 
14,654

 
2,718

 
449

 
906,126

Other
 
550,943

 
20,837

 
—

 
408

 
572,188

Total commercial loans
 
17,786,733

 
721,042

 
78,121

 
116,880

 
18,702,776

Consumer loans:
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
2,112,234

 
11,764

 
—

 
1,328

 
2,125,326

Other consumer loans
 
273,405

 
475

 
—

 
1,964

 
275,844

Total consumer loans
 
2,385,639

 
12,239

 
—

 
3,292

 
2,401,170

Total gross loans
 
$
20,172,372

 
$
733,281

 
$
78,121

 
$
120,172

 
$
21,103,946

December 31, 2016:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
4,924,923

 
$
620,907

 
$
46,143

 
$
76,605

 
$
5,668,578

Hardware
 
985,889

 
137,830

 
58,814

 
6,581

 
1,189,114

Private equity/venture capital
 
7,747,317

 
594

 
—

 
—

 
7,747,911

Life science/healthcare
 
1,707,499

 
120,825

 
6,578

 
31,783

 
1,866,685

Premium wine
 
865,354

 
11,838

 
2,696

 
491

 
880,379

Other
 
480,845

 
23,510

 
464

 
403

 
505,222

Total commercial loans
 
16,711,827

 
915,504

 
114,695

 
115,863

 
17,857,889

Consumer loans:
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,914,512

 
9,604

 
—

 
1,504

 
1,925,620

Other consumer loans
 
238,256

 
499

 
786

 
1,612

 
241,153

Total consumer loans
 
2,152,768

 
10,103

 
786

 
3,116

 
2,166,773

Total gross loans
 
$
18,864,595

 
$
925,607

 
$
115,481

 
$
118,979

 
$
20,024,662
Summary of Loans Modified in Troubled Debt Restructurings ("TDRs") by Portfolio Segment and Class of Financing Receivables
The following table summarizes our loans modified in TDRs, broken out by portfolio segment and class of financing receivables at June 30, 2017 and December 31, 2016:
(Dollars in thousands)
 
June 30, 2017
 
December 31, 2016
Loans modified in TDRs:
 
 
 
 
Commercial loans:
 
 
 
 
Software/internet
 
$
67,518

 
$
52,646

Hardware
 
5,582

 
14,870

Life science/healthcare
 
25,385

 
24,176

Premium wine
 
3,304

 
3,194

Other
 
—

 
387

Total commercial loans
 
101,789

 
95,273

Consumer loans:
 
 
 
 
Other consumer loans
 
436

 
786

Total
 
$
102,225

 
$
96,059
Recorded Investment in Loans Modified in TDRs
The following table summarizes the recorded investment in loans modified in TDRs, broken out by portfolio segment and class of financing receivable, for modifications made during the three and six months ended June 30, 2017 and 2016:
 
 
Three months ended June 30,
 
Six months ended June 30,
(Dollars in thousands)
 
2017

2016
 
2017
 
2016
Loans modified in TDRs during the period:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
16,135

 
$
4,402

 
$
22,242

 
$
5,525

Life science/healthcare
 
4,588

 
—

 
4,588

 
—

Premium wine
 
190

 
—

 
190

 
506

Total commercial loans
 
20,913

 
4,402

 
27,020

 
6,031

Consumer loans:
 
 
 
 
 
 
 
 
Other consumer loans
 
—

 
786

 
—

 
786

Total loans modified in TDRs during the period (1)
 
$
20,913

 
$
5,188

 
$
27,020

 
$
6,817

 
 
(1)
There were $12.5 million and $15.1 million of partial charge-offs during the three and six months ended June 30, 2017, respectively, and $0.5 million and $4.3 million of partial charge-offs during the three and six months ended June 30, 2016, respectively.
Troubled Debt Restructurings On Financing Receivables Subsequently Defaulted Table
The following table summarizes the recorded investment in loans modified in TDRs within the previous 12 months that subsequently defaulted during the three and six months ended June 30, 2017 and June 30, 2016.
 
 
Three months ended June 30,
 
Six months ended June 30,
(Dollars in thousands)
 
2017
 
2016
 
2017
 
2016
TDRs modified within the previous 12 months that defaulted during the period:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
—

 
$
1,474

 
$
—

 
$
1,474

Premium wine
 
190

 
506

 
190

 
506

Total TDRs modified within the previous 12 months that defaulted in the period
 
$
190

 
$
1,980

 
$
190

 
$
1,980