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Loans, Allowance for Loan Losses and Allowance for Unfunded Credit Commitments (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Loans and Allowance for Loan Losses
The composition of loans, net of unearned income of $141 million and $125 million at September 30, 2017 and December 31, 2016, respectively, is presented in the following table:
(Dollars in thousands)
 
September 30, 2017
 
December 31, 2016
Commercial loans:
 
 
 
 
Software/internet
 
$
5,793,637

 
$
5,627,031

Hardware
 
1,113,509

 
1,180,398

Private equity/venture capital
 
9,623,824

 
7,691,148

Life science/healthcare
 
1,725,728

 
1,853,004

Premium wine
 
211,716

 
200,156

Other
 
384,039

 
393,551

Total commercial loans
 
18,852,453

 
16,945,288

Real estate secured loans:
 
 
 
 
Premium wine (1)
 
712,400

 
678,166

Consumer loans (2)
 
2,206,501

 
1,926,968

Other
 
42,504

 
43,487

Total real estate secured loans
 
2,961,405

 
2,648,621

Construction loans
 
75,242

 
64,671

Consumer loans
 
300,227

 
241,364

Total loans, net of unearned income (3)
 
$
22,189,327

 
$
19,899,944

 
 
(1)
Included in our premium wine portfolio are gross construction loans of $104 million and $110 million at September 30, 2017 and December 31, 2016, respectively.
(2)
Consumer loans secured by real estate at September 30, 2017 and December 31, 2016 were comprised of the following:
(Dollars in thousands)
 
September 30, 2017
 
December 31, 2016
Loans for personal residence
 
$
1,908,319

 
$
1,655,349

Loans to eligible employees
 
232,707

 
199,291

Home equity lines of credit
 
65,475

 
72,328

Consumer loans secured by real estate
 
$
2,206,501

 
$
1,926,968


(3)
Included within our total loan portfolio are credit card loans of $273 million and $224 million at September 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 $141 million and $125 million at September 30, 2017 and December 31, 2016, respectively, broken out by portfolio segment and class of financing receivable, is as follows:
(Dollars in thousands)
 
September 30, 2017
 
December 31, 2016
Commercial loans:
 
 
 
 
Software/internet
 
$
5,793,637

 
$
5,627,031

Hardware
 
1,113,509

 
1,180,398

Private equity/venture capital
 
9,623,824

 
7,691,148

Life science/healthcare
 
1,725,728

 
1,853,004

Premium wine
 
924,116

 
878,322

Other
 
501,785

 
501,709

Total commercial loans
 
19,682,599

 
17,731,612

Consumer loans:
 
 
 
 
Real estate secured loans
 
2,206,501

 
1,926,968

Other consumer loans
 
300,227

 
241,364

Total consumer loans
 
2,506,728

 
2,168,332

Total loans, net of unearned income
 
$
22,189,327

 
$
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 September 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
September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
45,943

 
$
3,725

 
$
138

 
$
49,806

 
$
5,686,655

 
$
138

Hardware
 
273

 
44

 
626

 
943

 
1,080,341

 
626

Private equity/venture capital
 
35,628

 
34,369

 
—

 
69,997

 
9,563,613

 
—

Life science/healthcare
 
20,956

 
—

 
—

 
20,956

 
1,729,909

 
—

Premium wine
 
3,521

 
640

 
—

 
4,161

 
916,451

 
—

Other
 
7

 
210

 
—

 
217

 
512,891

 
—

Total commercial loans
 
106,328

 
38,988

 
764

 
146,080

 
19,489,860

 
764

Consumer loans:
 
 
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,748

 
850

 
—

 
2,598

 
2,199,978

 
—

Other consumer loans
 
4,540

 
—

 
—

 
4,540

 
293,301

 
—

Total consumer loans
 
6,288

 
850

 
—

 
7,138

 
2,493,279

 
—

Total gross loans excluding impaired loans
 
112,616

 
39,838

 
764

 
153,218

 
21,983,139

 
764

Impaired loans
 
591

 
311

 
26,456

 
27,358

 
166,114

 
—

Total gross loans
 
$
113,207

 
$
40,149

 
$
27,220

 
$
180,576

 
$
22,149,253

 
$
764

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 September 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
September 30, 2017:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet

 
$
92,584

 
$
22,278

 
$
114,862

 
$
130,324

Hardware
 
39,728

 
1,012

 
40,740

 
48,061

Private equity/venture capital
 
1,318

 
—

 
1,318

 
1,321

Life science/healthcare
 
22,762

 
5,573

 
28,335

 
33,481

Premium wine
 
4,677

 
—

 
4,677

 
4,702

Other
 
298

 
—

 
298

 
487

Total commercial loans
 
161,367

 
28,863

 
190,230

 
218,376

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
—

 
1,301

 
1,301

 
1,379

Other consumer loans
 
1,941

 
—

 
1,941

 
2,036

Total consumer loans
 
1,941

 
1,301

 
3,242

 
3,415

Total
 
$
163,308

 
$
30,164

 
$
193,472

 
$
221,791

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 and interest income on impaired loans, broken out by portfolio segment and class of financing receivable for the three and nine months ended September 30, 2017 and 2016:
Three months ended September 30,
 
Average impaired loans
 
Interest income on impaired loans
(Dollars in thousands)
 
2017
 
2016
 
2017
 
2016
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet

 
$
121,290

 
$
61,481

 
$
767

 
$
70

Hardware
 
35,932

 
45,353

 
419

 
761

Private equity/venture capital
 
644

 
—

 
3

 
—

Life science/healthcare
 
25,796

 
55,558

 
21

 
128

Premium wine
 
3,625

 
1,291

 
39

 
19

Other
 
348

 
3,768

 
—

 
6

Total commercial loans
 
187,635

 
167,451

 
1,249

 
984

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,306

 
584

 
24

 
—

Other consumer loans
 
1,966

 
1,324

 
—

 
6

Total consumer loans
 
3,272

 
1,908

 
24

 
6

Total average impaired loans
 
$
190,907

 
$
169,359

 
$
1,273

 
$
990


Nine months ended September 30,
 
Average impaired loans
 
Interest income on impaired loans
(Dollars in thousands)
 
2017
 
2016
 
2017
 
2016
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
122,527

 
$
84,005

 
$
1,646

 
$
133

Hardware
 
33,271

 
31,000

 
518

 
1,467

Private equity/venture capital
 
443

 
—

 
8

 
—

Life science/healthcare
 
33,590

 
42,857

 
60

 
128

Premium wine
 
3,353

 
1,834

 
115

 
54

Other
 
706

 
4,369

 
—

 
21

Total commercial loans
 
193,890

 
164,065

 
2,347

 
1,803

Consumer loans:
 
 
 
 
 
 
 
 
Real estate secured loans
 
1,385

 
282

 
24

 
—

Other consumer loans
 
1,931

 
715

 
—

 
17

Total consumer loans
 
3,316

 
997

 
24

 
17

Total average impaired loans
 
$
197,206

 
$
165,062

 
$
2,371

 
$
1,820
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 nine months ended September 30, 2017 and 2016, broken out by portfolio segment:
Three months ended September 30, 2017
 
Beginning Balance June 30, 2017
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance September 30, 2017
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet

 
$
92,937

 
$
(8,791
)
 
$
426

 
$
7,241

 
$
199

 
$
92,012

Hardware
 
27,800

 
(2,453
)
 
115

 
5,681

 
156

 
31,299

Private equity/venture capital
 
66,785

 
—

 
—

 
10,142

 
279

 
77,206

Life science/healthcare
 
27,730

 
(1,083
)
 
63

 
(1,621
)
 
(45
)
 
25,044

Premium wine
 
3,133

 
—

 
—

 
362

 
10

 
3,505

Other
 
4,135

 
—

 
947

 
(931
)
 
(26
)
 
4,125

Total commercial loans
 
222,520

 
(12,327
)
 
1,551

 
20,874

 
573

 
233,191

Total consumer loans
 
13,976

 
(11
)
 
277

 
1,535

 
42

 
15,819

Total allowance for loan losses
 
$
236,496

 
$
(12,338
)
 
$
1,828

 
$
22,409

 
$
615

 
$
249,010

Three months ended September 30, 2016
 
Beginning Balance June 30, 2016
 
Charge-offs
 
Recoveries
 
Provision for
(Reduction of) Loan Losses
 
Foreign Currency Translation Adjustments
 
Ending Balance September 30, 2016
(Dollars in thousands)
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
104,229

 
$
(16,526
)
 
$
305

 
$
8,591

 
$
(261
)
 
$
96,338

Hardware
 
23,871

 
(3,058
)
 
1,080

 
11,048

 
(336
)
 
32,605

Private equity/venture capital
 
49,807

 
—

 
—

 
2,203

 
(67
)
 
51,943

Life science/healthcare
 
41,852

 
(28
)
 
361

 
(5,298
)
 
161

 
37,048

Premium wine
 
4,810

 
—

 
—

 
288

 
(9
)
 
5,089

Other
 
9,480

 
(5,004
)
 
207

 
142

 
(4
)
 
4,821

Total commercial loans
 
234,049

 
(24,616
)
 
1,953

 
16,974

 
(516
)
 
227,844

Total consumer loans
 
10,674

 
—

 
131

 
1,976

 
(60
)
 
12,721

Total allowance for loan losses
 
$
244,723

 
$
(24,616
)
 
$
2,084

 
$
18,950

 
$
(576
)
 
$
240,565


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

 
$
(36,172
)
 
$
2,833

 
$
27,487

 
$
476

 
$
92,012

Hardware
 
31,166

 
(6,726
)
 
459

 
6,075

 
325

 
31,299

Private equity/venture capital
 
50,299

 
—

 
—

 
26,111

 
796

 
77,206

Life science/healthcare
 
25,446

 
(7,493
)
 
107

 
6,906

 
78

 
25,044

Premium wine
 
4,115

 
—

 
—

 
(567
)
 
(43
)
 
3,505

Other
 
4,768

 
(1,047
)
 
1,424

 
(1,005
)
 
(15
)
 
4,125

Total commercial loans
 
213,182

 
(51,438
)
 
4,823

 
65,007

 
1,617

 
233,191

Consumer loans
 
12,184

 
(11
)
 
1,332

 
2,266

 
48

 
15,819

Total allowance for loan losses
 
$
225,366

 
$
(51,449
)
 
$
6,155

 
$
67,273

 
$
1,665

 
$
249,010


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

 
$
(56,742
)
 
$
4,525

 
$
46,438

 
$
(928
)
 
$
96,338

Hardware
 
23,085

 
(6,559
)
 
1,502

 
15,010

 
(433
)
 
32,605

Private equity/venture capital
 
35,282

 
—

 
—

 
17,008

 
(347
)
 
51,943

Life science/healthcare
 
36,576

 
(3,029
)
 
1,037

 
3,252

 
(788
)
 
37,048

Premium wine
 
5,205

 
—

 
—

 
(138
)
 
22

 
5,089

Other
 
4,252

 
(5,034
)
 
880

 
4,573

 
150

 
4,821

Total commercial loans
 
207,445

 
(71,364
)
 
7,944

 
86,143

 
(2,324
)
 
227,844

Consumer loans
 
10,168

 
(102
)
 
214

 
2,481

 
(40
)
 
12,721

Total allowance for loan losses
 
$
217,613

 
$
(71,466
)
 
$
8,158

 
$
88,624

 
$
(2,364
)
 
$
240,565

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

2016
 
2017
 
2016
Beginning balance
 
$
47,000

 
$
34,889

 
$
45,265

 
$
34,415

Provision for unfunded credit commitments
 
1,113

 
1,054

 
2,789

 
1,601

Foreign currency translation adjustments
 
59

 
(19
)
 
118

 
(92
)
Ending balance (1)
 
$
48,172

 
$
35,924

 
$
48,172


$
35,924

 
(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 September 30, 2017 and December 31, 2016, broken out by portfolio segment:
 
 
September 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
 
$
26,981

 
$
114,862

 
$
65,031

 
$
5,678,775

 
$
28,245

 
$
122,748

 
$
69,143

 
$
5,504,283

Hardware
 
11,179

 
40,740

 
20,120

 
1,072,769

 
9,995

 
65,395

 
21,171

 
1,115,003

Private equity/venture capital
 
536

 
1,318

 
76,670

 
9,622,506

 
—

 
—

 
50,299

 
7,691,148

Life science/healthcare
 
9,843

 
28,335

 
15,201

 
1,697,393

 
8,709

 
38,361

 
16,737

 
1,814,643

Premium wine
 
456

 
4,677

 
3,049

 
919,439

 
520

 
3,187

 
3,595

 
875,135

Other
 
145

 
298

 
3,980

 
501,487

 
233

 
867

 
4,535

 
500,842

Total commercial loans
 
49,140

 
190,230

 
184,051

 
19,492,369

 
47,702

 
230,558

 
165,480

 
17,501,054

Total consumer loans
 
1,710

 
3,242

 
14,109

 
2,503,486

 
1,123

 
3,902

 
11,061

 
2,164,430

Total
 
$
50,850

 
$
193,472

 
$
198,160

 
$
21,995,855

 
$
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 September 30, 2017 and December 31, 2016:
(Dollars in thousands)
 
Pass
 
Performing (Criticized)
 
Performing Impaired (Criticized)
 
Nonperforming Impaired (Nonaccrual)
 
Total
September 30, 2017:
 
 
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
 
 
Software/internet
 
$
5,304,675

 
$
431,786

 
$
40,965

 
$
73,897

 
$
5,851,323

Hardware
 
1,015,947

 
65,337

 
21,886

 
18,854

 
1,122,024

Private equity/venture capital
 
9,633,609

 
1

 
308

 
1,010

 
9,634,928

Life science/healthcare
 
1,604,160

 
146,705

 
1,400

 
26,935

 
1,779,200

Premium wine
 
877,235

 
43,377

 
4,241

 
436

 
925,289

Other
 
493,856

 
19,252

 
—

 
298

 
513,406

Total commercial loans
 
18,929,482

 
706,458

 
68,800

 
121,430

 
19,826,170

Consumer loans:
 
 
 
 
 
 
 
 
 
 
Real estate secured loans
 
2,188,397

 
14,179

 
—

 
1,301

 
2,203,877

Other consumer loans
 
297,388

 
453

 
—

 
1,941

 
299,782

Total consumer loans
 
2,485,785

 
14,632

 
—

 
3,242

 
2,503,659

Total gross loans
 
$
21,415,267

 
$
721,090

 
$
68,800

 
$
124,672

 
$
22,329,829

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 September 30, 2017 and December 31, 2016:
(Dollars in thousands)
 
September 30, 2017
 
December 31, 2016
Loans modified in TDRs:
 
 
 
 
Commercial loans:
 
 
 
 
Software/internet
 
$
63,326

 
$
52,646

Hardware
 
395

 
14,870

Life science/healthcare
 
20,015

 
24,176

Premium wine
 
3,265

 
3,194

Other
 
—

 
387

Total commercial loans
 
87,001

 
95,273

Consumer loans:
 
 
 
 
Other consumer loans
 
437

 
786

Total
 
$
87,438

 
$
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 nine months ended September 30, 2017 and 2016:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2017

2016
 
2017
 
2016
Loans modified in TDRs during the period:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
10,876

 
$
78

 
$
26,034

 
$
4,569

Hardware
 
396

 
10,329

 
396

 
10,329

Life science/healthcare
 
—

 
1,714

 
—

 
1,714

Premium wine
 
—

 
—

 
185

 
495

Total commercial loans
 
11,272

 
12,121

 
26,615

 
17,107

Consumer loans:
 
 
 
 
 
 
 
 
Other consumer loans
 
—

 
—

 
—

 
786

Total loans modified in TDRs during the period (1)
 
$
11,272

 
$
12,121

 
$
26,615

 
$
17,893

 
 
(1)
There were zero and $2.6 million of partial charge-offs during the three and nine months ended September 30, 2017, respectively, and $0.7 million and $3.5 million of partial charge-offs during the three and nine months ended September 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 nine months ended September 30, 2017 and September 30, 2016.
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
 
2017
 
2016
 
2017
 
2016
TDRs modified within the previous 12 months that defaulted during the period:
 
 
 
 
 
 
 
 
Commercial loans:
 
 
 
 
 
 
 
 
Software/internet
 
$
1,234

 
$
—

 
$
1,234

 
$
584

Premium wine
 
186

 
790

 
186

 
790

Total TDRs modified within the previous 12 months that defaulted in the period
 
$
1,420

 
$
790

 
$
1,420

 
$
1,374