Bank Loans (Tables)

3 Months Ended

Mar. 31, 2021

Schedule Of Balance And Associated Percentage Of Each Major Loan Category In Bank Loan Portfolio

	March 31, 2021						December 31, 2020
	Balance			Percent			Balance			Percent
Commercial and industrial	$	4,923,494			40.3	%	$	4,296,089			38.5	%
Residential real estate		4,158,033			34.0			3,956,670			35.4
Securities-based loans		2,089,747			17.1			1,933,974			17.3
Construction and land		560,191			4.6			501,681			4.5
Commercial real estate		374,736			3.1			366,485			3.3
Home equity lines of credit		71,172			0.6			75,507			0.7
Other		37,819			0.3			40,407			0.3
Gross bank loans		12,215,192			100.0	%		11,170,813			100.0	%
Unamortized loan discount, net		(1,695	)					(1,822	)
Loans in process		(13,012	)					(48,222	)
Unamortized loan fees, net		(1,104	)					(1,980	)
Allowance for loan losses		(107,668	)					(112,029	)
Loans held for investment, net	$	12,091,713					$	11,006,760

Activity In The Allowance For Loan Losses By Portfolio Segment

	Three Months Ended March 31, 2021
	Beginning Balance		Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	67,222	$	(9,972	)	$	(934	)	$	—	$	56,316
Construction and land		17,275		1,598			—			—		18,873
Residential real estate		16,300		365			—			—		16,665
Commercial real estate		8,580		4,480			—			—		13,060
Securities-based loans		2,015		154			—			—		2,169
Home equity lines of credit		374		(33	)		—			—		341
Other		263		(19	)		—			—		244
	$	112,029	$	(3,427	)	$	(934	)	$	—	$	107,668

	Three Months Ended March 31, 2020
	Beginning Balance		CECL Adoption			Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	69,949	$	(19,940	)	$	9,955		$	(2	)	$	—	$	59,962
Residential real estate		14,253		3,499			2,233			—			—		19,985
Construction and land		4,613		2,674			3,666			—			—		10,953
Commercial real estate		3,564		791			3,810			—			—		8,165
Securities-based loans		2,361		1,346			(792	)		—			—		2,915
Home equity lines of credit		442		39			57			—			1		539
Other		397		(145	)		49			(18	)		—		283
	$	95,579	$	(11,736	)	$	18,978		$	(20	)	$	1	$	102,802

Aging Of The Recorded Investment In Past Due Loans

	As of March 31, 2021
	30 – 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current Balance		Total
Commercial and industrial	$	—	$	11,408	$	11,408	$	4,912,086	$	4,923,494
Residential real estate		3,941		1,925		5,866		4,152,167		4,158,033
Securities-based loans		—		—		—		2,089,747		2,089,747
Construction and land		—		—		—		560,191		560,191
Commercial real estate		—		144		144		374,592		374,736
Home equity lines of credit		233		—		233		70,939		71,172
Other		17		—		17		37,802		37,819
Total	$	4,191	$	13,477	$	17,668	$	12,197,524	$	12,215,192

	As of March 31, 2021*
	Non-Accrual		Restructured		Nonperforming loans with no allowance		Total
Commercial and industrial	$	11,408	$	—	$	—	$	11,408
Residential real estate		676		158		1,249		2,083
Commercial real estate		144		—		—		144
Total	$	12,228	$	158	$	1,249	$	13,635

*	There were no loans past due 90 days and still accruing interest at March 31, 2021.

	As of December 31, 2020
	30 – 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current Balance		Total
Commercial and industrial	$	14	$	12,237	$	12,251	$	4,283,838	$	4,296,089
Residential real estate		4,554		1,249		5,803		3,950,867		3,956,670
Securities-based loans		—		—		—		1,933,974		1,933,974
Construction and land		—		—		—		501,681		501,681
Commercial real estate		—		144		144		366,341		366,485
Home equity lines of credit		12		—		12		75,495		75,507
Other		31		—		31		40,376		40,407
Total	$	4,611	$	13,630	$	18,241	$	11,152,572	$	11,170,813

	As of December 31, 2020*
	Non-Accrual		Restructured		Nonperforming loans with no allowance		Total
Commercial and industrial	$	12,251	$	—	$	—	$	12,251
Residential real estate		—		158		1,249		1,407
Commercial real estate		144		—		—		144
Total	$	12,395	$	158	$	1,249	$	13,802

*	There were no loans past due 90 days and still accruing interest at December 31, 2020.

Risk Category Of Loan Portfolio

	As of March 31, 2021
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial	$	4,607,280	$	164,839	$	139,967	$	11,408	$	4,923,494
Residential real estate		4,155,773		335		—		1,925		4,158,033
Securities-based loans		2,089,747		—		—		—		2,089,747
Construction and land		525,951		14,240		20,000		—		560,191
Commercial real estate		366,154		5,802		2,636		144		374,736
Home equity lines of credit		71,172		—		—		—		71,172
Other		37,819		—		—		—		37,819
Total	$	11,853,896	$	185,216	$	162,603	$	13,477	$	12,215,192

	As of December 31, 2020
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial	$	3,995,351	$	105,759	$	182,728	$	12,251	$	4,296,089
Residential real estate		3,955,421		—		—		1,249		3,956,670
Securities-based loans		1,933,974		—		—		—		1,933,974
Construction and land		467,441		14,240		20,000		—		501,681
Commercial real estate		356,008		10,333		—		144		366,485
Home equity lines of credit		75,507		—		—		—		75,507
Other		40,407		—		—		—		40,407
Total	$	10,824,109	$	130,332	$	202,728	$	13,644	$	11,170,813

Schedule of Term Loans Amortized Cost Basis by Origination Year and Revolving Cost Amortized Cost Basis

	Term Loans Amortized Cost Basis by Origination Year – March 31, 2021
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial:
Pass	$	852,103	$	494,747	$	527,136	$	679,772	$	302,188	$	502,085	$	1,249,249	$	4,607,280
Special Mention		—		503		30,309		82,558		45,947		4,200		1,322		164,839
Substandard		—		—		23,921		43,195		63,558		7,762		1,531		139,967
Doubtful		—		—		—		—		11,394		14		—		11,408
	$	852,103	$	495,250	$	581,366	$	805,525	$	423,087	$	514,061	$	1,252,102	$	4,923,494
Residential real estate:
Pass	$	485,925	$	1,548,638	$	815,040	$	340,371	$	271,808	$	693,991	$	—	$	4,155,773
Special Mention		—		—		—		—		—		335		—		335
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		825		1,100		—		1,925
	$	485,925	$	1,548,638	$	815,040	$	340,371	$	272,633	$	695,426	$	—	$	4,158,033
Securities-based loans:
Pass	$	973	$	38,702	$	102,973	$	294	$	140	$	16,906	$	1,929,759	$	2,089,747
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	973	$	38,702	$	102,973	$	294	$	140	$	16,906	$	1,929,759	$	2,089,747
Construction and land:
Pass	$	13,842	$	87,316	$	218,904	$	128,179	$	62,248	$	6,401	$	9,061	$	525,951
Special Mention		—		—		—		14,240		—		—		—		14,240
Substandard		—		—		—		20,000		—		—		—		20,000
Doubtful		—		—		—		—		—		—		—		—
	$	13,842	$	87,316	$	218,904	$	162,419	$	62,248	$	6,401	$	9,061	$	560,191
Commercial real estate:
Pass	$	22,047	$	81,378	$	152,732	$	25,328	$	38,352	$	45,975	$	342	$	366,154
Special Mention		—		—		—		—		—		5,802		—		5,802
Substandard		—		—		—		—		—		2,636		—		2,636
Doubtful		—		—		—		144		—		—		—		144
	$	22,047	$	81,378	$	152,732	$	25,472	$	38,352	$	54,413	$	342	$	374,736
Home equity lines of credit:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	71,172	$	71,172
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	—	$	—	$	—	$	71,172	$	71,172
Other:
Pass	$	—	$	—	$	—	$	4	$	—	$	445	$	37,370	$	37,819
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	4	$	—	$	445	$	37,370	$	37,819