LOANS (Tables)

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Summary of Loan Portfolio by Category

The following table shows the Company's loan and lease portfolio by category:  

(Dollars in thousands)	September 30, 2020		December 31, 2019
Commercial and industrial(1)	$	2,902,815	$	2,046,798
Owner-occupied commercial	1,344,494		1,296,466
Commercial mortgages	2,167,508		2,222,976
Construction	666,317		581,082
Commercial small business leases	227,539		188,630
Residential(2)	857,494		1,016,500
Consumer(3)	1,168,891		1,128,731
	9,335,058		8,481,183
Less:
Deferred fees, net(4)	—		9,143
Allowance for credit losses	232,726		47,576
Net loans and leases	$	9,102,332	$	8,424,464

(1) Includes PPP loans of $954.2 million at September 30, 2020.

(2) Includes reverse mortgages at fair value of $12.5 million at September 30, 2020 and $16.6 million at December 31, 2019.

(3) Includes home equity lines of credit, installment loans, unsecured lines of credit and education loans.

(4) At September 30, 2020, deferred fees, net are included in portfolio segment totals to present the amortized cost basis in accordance with the adoption of CECL. At December 31, 2019, deferred fees, net are excluded from portfolio segment totals to present the unpaid principal balance under the incurred loss methodology.