Bank Loans (Tables)

9 Months Ended

Sep. 30, 2021

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

	September 30, 2021						December 31, 2020
	Balance			Percent			Balance			Percent
Commercial and industrial	$	5,033,313			36.9	%	$	4,296,089			38.5	%
Residential real estate		4,952,372			36.3			3,956,670			35.4
Securities-based loans		2,581,705			19.0			1,933,974			17.3
Construction and land		576,362			4.2			501,681			4.5
Commercial real estate		369,502			2.7			366,485			3.3
Home equity lines of credit		82,230			0.6			75,507			0.7
Other		35,803			0.3			40,407			0.3
Gross bank loans		13,631,287			100.0	%		11,170,813			100.0	%
Unamortized loan discount, net		(150	)					(1,822	)
Loans in process		(32,909	)					(48,222	)
Unamortized loan fees, net		(1,348	)					(1,980	)
Allowance for loan losses		(94,293	)					(112,029	)
Loans held for investment, net	$	13,502,587					$	11,006,760

Activity In The Allowance For Loan Losses By Portfolio Segment

	Three Months Ended September 30, 2021
	Beginning Balance		Provision			Charge-offs		Recoveries		Ending Balance
Commercial and industrial	$	46,943	$	(256	)	$	—	$	—	$	46,687
Construction and land		15,953		(1,620	)		—		—		14,333
Residential real estate		21,267		2,637			—		—		23,904
Commercial real estate		11,903		(6,582	)		—		—		5,321
Securities-based loans		2,519		808			—		—		3,327
Home equity lines of credit		426		48			—		—		474
Other		185		62			—		—		247
	$	99,196	$	(4,903	)	$	—	$	—	$	94,293

	Nine Months Ended September 30, 2021
	Beginning Balance		Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	67,222	$	(15,333	)	$	(5,202	)	$	—	$	46,687
Construction and land		17,275		(2,942	)		—			—		14,333
Residential real estate		16,300		7,604			—			—		23,904
Commercial real estate		8,580		(3,259	)		—			—		5,321
Securities-based loans		2,015		1,312			—			—		3,327
Home equity lines of credit		374		100			—			—		474
Other		263		(16	)		—			—		247
	$	112,029	$	(12,534	)	$	(5,202	)	$	—	$	94,293

	Three Months Ended September 30, 2020
	Beginning Balance		Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	65,503	$	10,303		$	(1	)	$	4	$	75,809
Residential real estate		24,043		(6,360	)		—			—		17,683
Construction and land		13,075		(2,889	)		—			—		10,186
Commercial real estate		10,647		(2,730	)		—			—		7,917
Securities-based loans		1,807		95			—			—		1,902
Home equity lines of credit		499		(205	)		—			87		381
Other		247		9			(22	)		1		235
	$	115,821	$	(1,777	)	$	(23	)	$	92	$	114,113

	Nine Months Ended September 30, 2020
	Beginning Balance		CECL Adoption			Provision			Charge-offs			Recoveries		Ending Balance
Commercial and industrial	$	69,949	$	(19,940	)	$	25,949		$	(153	)	$	4	$	75,809
Residential real estate		14,253		3,499			(69	)		—			—		17,683
Construction and land		4,613		2,674			2,899			—			—		10,186
Commercial real estate		3,564		791			3,562			—			—		7,917
Securities-based loans		2,361		1,346			(1,805	)		—			—		1,902
Home equity lines of credit		442		39			(188	)		—			88		381
Other		397		(145	)		21			(40	)		2		235
	$	95,579	$	(11,736	)	$	30,369		$	(193	)	$	94	$	114,113

Aging Of The Recorded Investment In Past Due Loans

	As of September 30, 2021
	30 – 89 Days Past Due		90 or More Days Past Due		Total Past Due		Current Balance		Total
Commercial and industrial	$	—	$	6,805	$	6,805	$	5,026,508	$	5,033,313
Residential real estate		3,894		1,333		5,227		4,947,145		4,952,372
Securities-based loans		—		—		—		2,581,705		2,581,705
Construction and land		—		—		—		576,362		576,362
Commercial real estate		—		33		33		369,469		369,502
Home equity lines of credit		—		—		—		82,230		82,230
Other		—		—		—		35,803		35,803
Total	$	3,894	$	8,171	$	12,065	$	13,619,222	$	13,631,287

	As of September 30, 2021*
	Non-Accrual		Restructured		Nonperforming loans with no allowance		Total
Commercial and industrial	$	6,805	$	—	$	—	$	6,805
Residential real estate		84		156		1,249		1,489
Commercial real estate		33		—		—		33
Total	$	6,922	$	156	$	1,249	$	8,327

*	There were no loans past due 90 days and still accruing interest at September 30, 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 September 30, 2021
	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial	$	4,824,500	$	91,090	$	110,918	$	6,805	$	5,033,313
Residential real estate		4,951,039		—		84		1,249		4,952,372
Securities-based loans		2,581,705		—		—		—		2,581,705
Construction and land		542,122		14,240		20,000		—		576,362
Commercial real estate		362,738		—		6,731		33		369,502
Home equity lines of credit		82,230		—		—		—		82,230
Other		35,803		—		—		—		35,803
Total	$	13,380,137	$	105,330	$	137,733	$	8,087	$	13,631,287

	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 – September 30, 2021
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial and industrial:
Pass	$	1,303,613	$	351,928	$	376,203	$	480,660	$	245,320	$	366,376	$	1,700,400	$	4,824,500
Special Mention		—		—		30,000		32,220		28,870		—		—		91,090
Substandard		—		512		27,255		46,085		26,382		7,731		2,953		110,918
Doubtful		—		—		—		—		6,805		—		—		6,805
	$	1,303,613	$	352,440	$	433,458	$	558,965	$	307,377	$	374,107	$	1,703,353	$	5,033,313
Residential real estate:
Pass	$	1,890,145	$	1,362,365	$	646,445	$	268,473	$	222,351	$	561,260	$	—	$	4,951,039
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		84		—		84
Doubtful		—		—		—		—		149		1,100		—		1,249
	$	1,890,145	$	1,362,365	$	646,445	$	268,473	$	222,500	$	562,444	$	—	$	4,952,372
Securities-based loans:
Pass	$	5,897	$	39,570	$	93,576	$	294	$	140	$	11,475	$	2,430,753	$	2,581,705
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	5,897	$	39,570	$	93,576	$	294	$	140	$	11,475	$	2,430,753	$	2,581,705
Construction and land:
Pass	$	55,368	$	111,262	$	240,337	$	65,446	$	63,484	$	6,225	$	—	$	542,122
Special Mention		—		—		—		14,240		—		—		—		14,240
Substandard		—		—		—		20,000		—		—		—		20,000
Doubtful		—		—		—		—		—		—		—		—
	$	55,368	$	111,262	$	240,337	$	99,686	$	63,484	$	6,225	$	—	$	576,362
Commercial real estate:
Pass	$	64,963	$	73,006	$	148,581	$	22,510	$	36,438	$	17,240	$	—	$	362,738
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		6,731		—		6,731
Doubtful		—		—		—		33		—		—		—		33
	$	64,963	$	73,006	$	148,581	$	22,543	$	36,438	$	23,971	$	—	$	369,502
Home equity lines of credit:
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	82,230	$	82,230
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	—	$	—	$	—	$	82,230	$	82,230
Other:
Pass	$	—	$	10,000	$	—	$	5,526	$	—	$	19,156	$	1,121	$	35,803
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
	$	—	$	10,000	$	—	$	5,526	$	—	$	19,156	$	1,121	$	35,803