Loans and Leases (Tables) | 12 Months Ended |
Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Schedule Of Composition of Loans Portfolio | The following table summarizes the composition of our loans and leases held for investment as of the dates indicated: December 31, 2019 2018 (In thousands) Real estate mortgage $ 7,982,383 $ 7,933,859 Real estate construction and land 2,773,209 2,262,710 Commercial 7,714,358 7,428,500 Consumer 440,790 401,296 Total gross loans and leases held for investment 18,910,740 18,026,365 Deferred fees, net (63,868 ) (68,652 ) Total loans and leases held for investment, net of deferred fees 18,846,872 17,957,713 Allowance for loan and lease losses (138,785 ) (132,472 ) Total loans and leases held for investment, net $ 18,708,087 $ 17,825,241 |
Delinquent loans in loan portfolio | The following tables present an aging analysis of our loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: December 31, 2019 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 2,448 $ 5,919 $ 8,367 $ 4,194,320 $ 4,202,687 Income producing and other residential 2,105 802 2,907 3,767,153 3,770,060 Total real estate mortgage 4,553 6,721 11,274 7,961,473 7,972,747 Real estate construction and land: Commercial — — — 1,082,368 1,082,368 Residential 1,429 — 1,429 1,654,005 1,655,434 Total real estate construction and land 1,429 — 1,429 2,736,373 2,737,802 Commercial: Asset-based 19 — 19 3,748,388 3,748,407 Venture capital — — — 2,179,422 2,179,422 Other commercial 2,781 4,164 6,945 1,760,722 1,767,667 Total commercial 2,800 4,164 6,964 7,688,532 7,695,496 Consumer 1,006 200 1,206 439,621 440,827 Total $ 9,788 $ 11,085 $ 20,873 $ 18,825,999 $ 18,846,872 December 31, 2018 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 3,487 $ 7,541 $ 11,028 $ 4,813,270 $ 4,824,298 Income producing and other residential 1,557 476 2,033 3,091,810 3,093,843 Total real estate mortgage 5,044 8,017 13,061 7,905,080 7,918,141 Real estate construction and land: Commercial — 442 442 912,141 912,583 Residential 1,527 — 1,527 1,319,546 1,321,073 Total real estate construction and land 1,527 442 1,969 2,231,687 2,233,656 Commercial: Asset-based 47 646 693 3,304,728 3,305,421 Venture capital 4,705 — 4,705 2,034,043 2,038,748 Other commercial 5,181 1,285 6,466 2,053,960 2,060,426 Total commercial 9,933 1,931 11,864 7,392,731 7,404,595 Consumer 581 333 914 400,407 401,321 Total $ 17,085 $ 10,723 $ 27,808 $ 17,929,905 $ 17,957,713 |
Financing Receivable Non Accrual And Performing | The following table presents our nonaccrual and performing loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: December 31, 2019 2018 Nonaccrual Performing Total Nonaccrual Performing Total (In thousands) Real estate mortgage: Commercial $ 18,346 $ 4,184,341 $ 4,202,687 $ 15,321 $ 4,808,977 $ 4,824,298 Income producing and other residential 2,478 3,767,582 3,770,060 2,524 3,091,319 3,093,843 Total real estate mortgage 20,824 7,951,923 7,972,747 17,845 7,900,296 7,918,141 Real estate construction and land: Commercial 364 1,082,004 1,082,368 442 912,141 912,583 Residential — 1,655,434 1,655,434 — 1,321,073 1,321,073 Total real estate construction and land 364 2,737,438 2,737,802 442 2,233,214 2,233,656 Commercial: Asset-based 30,162 3,718,245 3,748,407 32,324 3,273,097 3,305,421 Venture capital 12,916 2,166,506 2,179,422 20,299 2,018,449 2,038,748 Other commercial 27,594 1,740,073 1,767,667 7,380 2,053,046 2,060,426 Total commercial 70,672 7,624,824 7,695,496 60,003 7,344,592 7,404,595 Consumer 493 440,334 440,827 1,043 400,278 401,321 Total $ 92,353 $ 18,754,519 $ 18,846,872 $ 79,333 $ 17,878,380 $ 17,957,713 |
CV of Loans Held for Investment by Class by Classified and Nonclassiified | The following tables present the credit risk rating categories for loans and leases held for investment by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful. December 31, 2019 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 33,535 $ 30,070 $ 4,139,082 $ 4,202,687 Income producing and other residential 8,600 1,711 3,759,749 3,770,060 Total real estate mortgage 42,135 31,781 7,898,831 7,972,747 Real estate construction and land: Commercial 364 — 1,082,004 1,082,368 Residential — 1,429 1,654,005 1,655,434 Total real estate construction and land 364 1,429 2,736,009 2,737,802 Commercial: Asset-based 32,223 38,936 3,677,248 3,748,407 Venture capital 35,316 74,813 2,069,293 2,179,422 Other commercial 65,261 174,785 1,527,621 1,767,667 Total commercial 132,800 288,534 7,274,162 7,695,496 Consumer 613 1,212 439,002 440,827 Total $ 175,912 $ 322,956 $ 18,348,004 $ 18,846,872 December 31, 2018 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 57,734 $ 74,785 $ 4,691,779 $ 4,824,298 Income producing and other residential 10,521 968 3,082,354 3,093,843 Total real estate mortgage 68,255 75,753 7,774,133 7,918,141 Real estate construction and land: Commercial 442 7,041 905,100 912,583 Residential — 1,527 1,319,546 1,321,073 Total real estate construction and land 442 8,568 2,224,646 2,233,656 Commercial: Asset-based 45,957 48,338 3,211,126 3,305,421 Venture capital 28,731 77,588 1,932,429 2,038,748 Other commercial 92,526 50,136 1,917,764 2,060,426 Total commercial 167,214 176,062 7,061,319 7,404,595 Consumer 1,199 1,015 399,107 401,321 Total $ 237,110 $ 261,398 $ 17,459,205 $ 17,957,713 |
Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables | Nonaccrual loans and leases and performing TDRs are considered impaired for reporting purposes. TDRs are a result of rate reductions, term extensions, fee concessions and debt forgiveness or a combination thereof. At December 31, 2019 and 2018 , we had unfunded commitments related to TDRs of $1.2 million and $1.3 million . The following table presents the composition of our impaired loans and leases held for investment, net of deferred fees, by loan portfolio segment as of the dates indicated: December 31, 2019 December 31, 2018 Total Total Nonaccrual Impaired Nonaccrual Impaired Loans Loans Loans Loans and Performing and and Performing and Leases TDRs Leases Leases TDRs Leases (In thousands) Real estate mortgage $ 20,824 $ 10,165 $ 30,989 $ 17,845 $ 11,484 $ 29,329 Real estate construction and land 364 1,470 1,834 442 5,420 5,862 Commercial 70,672 550 71,222 60,003 692 60,695 Consumer 493 72 565 1,043 105 1,148 Total $ 92,353 $ 12,257 $ 104,610 $ 79,333 $ 17,701 $ 97,034 |
Impaired Financing Receivables, Average Balances And Interest Income Recognized | The following tables present information regarding our impaired loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of and for the years indicated: December 31, 2019 2018 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Impaired Loans and Leases Investment Balance Allowance Investment Balance Allowance (In thousands) With An Allowance Recorded: Real estate mortgage: Commercial $ 479 $ 479 $ 71 $ 1,736 $ 1,648 $ 170 Income producing and other residential 2,002 2,005 160 2,569 2,563 247 Commercial: Venture capital 7,811 9,106 2,581 11,621 13,255 3,141 Other commercial 14,805 15,191 3,385 473 482 473 With No Related Allowance Recorded: Real estate mortgage: Commercial $ 21,264 $ 36,247 $ — $ 17,783 $ 32,035 $ — Income producing and other residential 7,244 9,442 — 7,241 9,425 — Real estate construction and land: Commercial 1,834 1,887 — 5,862 5,870 — Commercial: Asset-based 30,162 52,139 — 32,324 38,100 — Venture capital 5,270 44,468 — 8,678 41,335 — Other commercial 13,174 32,242 — 7,599 25,740 — Consumer 565 728 — 1,148 1,470 — Total Loans and Leases With and Without an Allowance Recorded: Real estate mortgage $ 30,989 $ 48,173 $ 231 $ 29,329 $ 45,671 $ 417 Real estate construction and land 1,834 1,887 — 5,862 5,870 — Commercial 71,222 153,146 5,966 60,695 118,912 3,614 Consumer 565 728 — 1,148 1,470 — Total $ 104,610 $ 203,934 $ 6,197 $ 97,034 $ 171,923 $ 4,031 Year Ended December 31, 2019 2018 2017 (2) Weighted Interest Weighted Interest Weighted Interest Average Income Average Income Average Income Impaired Loans and Leases Balance (1) Recognized Balance (1) Recognized Balance (1) Recognized (In thousands) With An Allowance Recorded: Real estate mortgage: Commercial $ 479 $ 31 $ 1,736 $ 72 $ 15,538 $ 881 Income producing and other residential 2,001 58 2,199 75 2,787 55 Commercial: Venture capital 7,008 — 9,449 — 10,228 — Other commercial 3,710 — 35 — 20,329 60 Consumer — — — — 100 8 With No Related Allowance Recorded: Real estate mortgage: Commercial $ 16,252 $ 230 $ 15,714 $ 236 $ 89,554 $ 2,648 Income producing and other residential 6,898 217 7,191 181 3,842 59 Real estate construction and land: Commercial 1,834 118 5,460 383 5,690 306 Commercial: Asset-based 28,829 — 32,324 — 31,388 — Venture capital 4,735 — 689 — 2,860 — Other commercial 7,303 75 6,286 98 3,404 84 Consumer 413 5 844 7 20 — Total Loans and Leases With and Without an Allowance Recorded: Real estate mortgage $ 25,630 $ 536 $ 26,840 $ 564 $ 111,721 $ 3,643 Real estate construction and land 1,834 118 5,460 383 5,690 306 Commercial 51,585 75 48,783 98 68,209 144 Consumer 413 5 844 7 120 8 Total $ 79,462 $ 734 $ 81,927 $ 1,052 $ 185,740 $ 4,101 _________________________ (1) For loans and leases reported as impaired at December 31, 2019 , 2018 , and 2017 , amounts were calculated based on the period of time such loans and leases were impaired during the reported period. (2) Excludes PCI loans. See Note 1(h). Nature of Operations and Summary of Significant Accounting Policies. |
Troubled Debt Restructurings on Financing Receivables | The following table presents our troubled debt restructurings of loans held for investment and defaulted troubled debt restructurings of loans held for investment by loan portfolio segment and class for the years indicated: Troubled Debt Restructurings Troubled Debt Restructurings That Subsequently Defaulted (1) Pre-Modification Post-Modification Number Outstanding Outstanding Number of Recorded Recorded of Recorded Loans Investment Investment Loans Investment (1) (Dollars In thousands) Year Ended December 31, 2019 Real estate mortgage: Commercial 3 $ 121 $ — — $ — Income producing and other residential 9 1,591 1,591 1 254 Commercial: Asset-based 5 3,082 3,082 — — Venture capital 14 19,017 19,155 — — Other commercial 20 3,835 3,835 4 154 Total 51 $ 27,646 $ 27,663 5 $ 408 Year Ended December 31, 2018 Real estate mortgage: Commercial 10 $ 17,181 $ 2,604 — $ — Income producing and other residential 10 3,262 2,203 — — Commercial: Asset-based (2) 4 28,947 33,947 — — Venture capital 14 37,416 36,919 — — Other commercial 19 14,399 14,027 — — Consumer 3 673 673 — — Total 60 $ 101,878 $ 90,373 — $ — Year Ended December 31, 2017 Real estate mortgage: Commercial 5 $ 2,527 $ 2,463 — $ — Income producing and other residential 8 1,328 489 — — Real estate construction and land: Residential 1 362 — — — Commercial: Asset-based 5 4,219 4,219 — — Venture capital 11 29,733 29,733 — — Other commercial 19 31,471 22,236 1 1 Consumer 1 97 97 — — Total 50 $ 69,737 $ 59,237 1 $ 1 _________________________ (1) The population of defaulted TDRs for the period indicated includes only those loans restructured during the preceding 12-month period. For example, for the year ended December 31, 2019 , the population of defaulted TDRs includes only those loans restructured after December 31, 2018 . The table excludes defaulted TDRs in those classes for which the recorded investment was zero at the end of the period. (2) One commercial asset-based loan with a pre-modification balance of $27.3 million and a post-modification balance of $32.3 million was previously restructured in December 2017. |
Direct Financing Lease, Lease Income | The following table provides the components of leases receivable income for the period indicated: Year Ended December 31, 2019 (In thousands) Component of leases receivable income: Interest income on net investments in leases $ 11,061 |
Direct Finance Lease, Receivable Components | The following table presents the components of leases receivable as of the date indicated: December 31, 2019 (In thousands) Net investment in sales type and direct financing leases: Lease payments receivable $ 147,729 Unguaranteed residual assets 20,806 Deferred fees and other 655 Aggregate net investment in leases $ 169,190 |
Sales-type and Direct Financing Leases, Lease Receivable, Maturity | The following table presents maturities of leases receivable as of the date indicated: December 31, 2019 (In thousands) Year Ending December 31, 2020 $ 66,113 2021 51,735 2022 20,562 2023 12,491 2024 8,856 2025 and thereafter 1,015 Total undiscounted cash flows 160,772 Less: Unearned income (13,043 ) Present value of lease payments $ 147,729 |
Allowance for Loan Losses | The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment for the years indicated: Year Ended December 31, 2019 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and lease losses: Balance, beginning of year $ 46,021 $ 28,209 $ 56,360 $ 1,882 $ 132,472 Charge-offs (997 ) — (30,426 ) (839 ) (32,262 ) Recoveries 983 — 14,397 195 15,575 Net charge-offs (14 ) — (16,029 ) (644 ) (16,687 ) (Negative provision) provision (1,432 ) 2,335 21,197 900 23,000 Balance, end of year $ 44,575 $ 30,544 $ 61,528 $ 2,138 $ 138,785 Ending Allowance by Impairment Methodology: Individually evaluated for impairment $ 231 $ — $ 5,966 $ — $ 6,197 Collectively evaluated for impairment $ 44,344 $ 30,544 $ 55,562 $ 2,138 $ 132,588 Ending Loans and Leases by Impairment Methodology: Individually evaluated for impairment $ 28,038 $ 1,834 $ 69,674 $ — $ 99,546 Collectively evaluated for impairment 7,944,709 2,735,968 7,625,822 440,827 18,747,326 Ending balance $ 7,972,747 $ 2,737,802 $ 7,695,496 $ 440,827 $ 18,846,872 Year Ended December 31, 2018 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and lease losses: Balance, beginning of year (1) $ 40,051 $ 13,055 $ 84,022 $ 2,328 $ 139,456 Charge-offs (8,190 ) — (50,481 ) (371 ) (59,042 ) Recoveries 2,350 195 12,566 173 15,284 Net (charge-offs) recoveries (5,840 ) 195 (37,915 ) (198 ) (43,758 ) Provision (negative provision) 11,810 14,959 10,253 (248 ) 36,774 Balance, end of year $ 46,021 $ 28,209 $ 56,360 $ 1,882 $ 132,472 Ending Allowance by Impairment Methodology: Individually evaluated for impairment $ 417 $ — $ 3,614 $ — $ 4,031 Collectively evaluated for impairment $ 45,604 $ 28,209 $ 52,746 $ 1,882 $ 128,441 Ending Loans and Leases by Impairment Methodology: Individually evaluated for impairment $ 26,473 $ 5,862 $ 59,288 $ 444 $ 92,067 Collectively evaluated for impairment 7,891,668 2,227,794 7,345,307 400,877 17,865,646 Ending balance $ 7,918,141 $ 2,233,656 $ 7,404,595 $ 401,321 $ 17,957,713 ______________________________________ (1) The allowance for loan losses related to PCI loans of $6.4 million as of December 31, 2017 is reflected in the beginning balance of the allowance for loan and lease losses for the year ended December 31, 2018. |
Loans and Leases | NOTE 5. LOANS AND LEASES Loans and Leases Held for Investment The following table summarizes the composition of our loans and leases held for investment as of the dates indicated: December 31, 2019 2018 (In thousands) Real estate mortgage $ 7,982,383 $ 7,933,859 Real estate construction and land 2,773,209 2,262,710 Commercial 7,714,358 7,428,500 Consumer 440,790 401,296 Total gross loans and leases held for investment 18,910,740 18,026,365 Deferred fees, net (63,868 ) (68,652 ) Total loans and leases held for investment, net of deferred fees 18,846,872 17,957,713 Allowance for loan and lease losses (138,785 ) (132,472 ) Total loans and leases held for investment, net $ 18,708,087 $ 17,825,241 The following tables present an aging analysis of our loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: December 31, 2019 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 2,448 $ 5,919 $ 8,367 $ 4,194,320 $ 4,202,687 Income producing and other residential 2,105 802 2,907 3,767,153 3,770,060 Total real estate mortgage 4,553 6,721 11,274 7,961,473 7,972,747 Real estate construction and land: Commercial — — — 1,082,368 1,082,368 Residential 1,429 — 1,429 1,654,005 1,655,434 Total real estate construction and land 1,429 — 1,429 2,736,373 2,737,802 Commercial: Asset-based 19 — 19 3,748,388 3,748,407 Venture capital — — — 2,179,422 2,179,422 Other commercial 2,781 4,164 6,945 1,760,722 1,767,667 Total commercial 2,800 4,164 6,964 7,688,532 7,695,496 Consumer 1,006 200 1,206 439,621 440,827 Total $ 9,788 $ 11,085 $ 20,873 $ 18,825,999 $ 18,846,872 December 31, 2018 30 - 89 90 or More Days Days Total Past Due Past Due Past Due Current Total (In thousands) Real estate mortgage: Commercial $ 3,487 $ 7,541 $ 11,028 $ 4,813,270 $ 4,824,298 Income producing and other residential 1,557 476 2,033 3,091,810 3,093,843 Total real estate mortgage 5,044 8,017 13,061 7,905,080 7,918,141 Real estate construction and land: Commercial — 442 442 912,141 912,583 Residential 1,527 — 1,527 1,319,546 1,321,073 Total real estate construction and land 1,527 442 1,969 2,231,687 2,233,656 Commercial: Asset-based 47 646 693 3,304,728 3,305,421 Venture capital 4,705 — 4,705 2,034,043 2,038,748 Other commercial 5,181 1,285 6,466 2,053,960 2,060,426 Total commercial 9,933 1,931 11,864 7,392,731 7,404,595 Consumer 581 333 914 400,407 401,321 Total $ 17,085 $ 10,723 $ 27,808 $ 17,929,905 $ 17,957,713 The following table presents our nonaccrual and performing loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated: December 31, 2019 2018 Nonaccrual Performing Total Nonaccrual Performing Total (In thousands) Real estate mortgage: Commercial $ 18,346 $ 4,184,341 $ 4,202,687 $ 15,321 $ 4,808,977 $ 4,824,298 Income producing and other residential 2,478 3,767,582 3,770,060 2,524 3,091,319 3,093,843 Total real estate mortgage 20,824 7,951,923 7,972,747 17,845 7,900,296 7,918,141 Real estate construction and land: Commercial 364 1,082,004 1,082,368 442 912,141 912,583 Residential — 1,655,434 1,655,434 — 1,321,073 1,321,073 Total real estate construction and land 364 2,737,438 2,737,802 442 2,233,214 2,233,656 Commercial: Asset-based 30,162 3,718,245 3,748,407 32,324 3,273,097 3,305,421 Venture capital 12,916 2,166,506 2,179,422 20,299 2,018,449 2,038,748 Other commercial 27,594 1,740,073 1,767,667 7,380 2,053,046 2,060,426 Total commercial 70,672 7,624,824 7,695,496 60,003 7,344,592 7,404,595 Consumer 493 440,334 440,827 1,043 400,278 401,321 Total $ 92,353 $ 18,754,519 $ 18,846,872 $ 79,333 $ 17,878,380 $ 17,957,713 It is our policy to discontinue accruing interest when principal or interest payments are past due 90 days or more unless the loan is both well secured and in the process of collection or when, in the opinion of management, there is a reasonable doubt as to the collectability of a loan or lease in the normal course of business. Interest income on nonaccrual loans is recognized only to the extent cash is received and the principal balance of the loan is deemed collectable. The amount of interest income that would have been recorded on nonaccrual loans and leases at December 31, 2019 and 2018 had such loans and leases been current in accordance with their original terms was $8.1 million and $9.3 million for 2019 and 2018 . At December 31, 2019 , nonaccrual loans and leases included $11.1 million of loans and leases 90 or more days past due, $1.2 million of loans 30 to 89 days past due and $80.0 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. At December 31, 2018 , nonaccrual loans and leases included $10.7 million of loans and leases 90 or more days past due, $6.6 million of loans 30 to 89 days past due and $62.0 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. As of December 31, 2019 , our three largest loan relationships on nonaccrual status had an aggregate carrying value of $50.3 million and represented 54% of total nonaccrual loans and leases. The following tables present the credit risk rating categories for loans and leases held for investment by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful. December 31, 2019 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 33,535 $ 30,070 $ 4,139,082 $ 4,202,687 Income producing and other residential 8,600 1,711 3,759,749 3,770,060 Total real estate mortgage 42,135 31,781 7,898,831 7,972,747 Real estate construction and land: Commercial 364 — 1,082,004 1,082,368 Residential — 1,429 1,654,005 1,655,434 Total real estate construction and land 364 1,429 2,736,009 2,737,802 Commercial: Asset-based 32,223 38,936 3,677,248 3,748,407 Venture capital 35,316 74,813 2,069,293 2,179,422 Other commercial 65,261 174,785 1,527,621 1,767,667 Total commercial 132,800 288,534 7,274,162 7,695,496 Consumer 613 1,212 439,002 440,827 Total $ 175,912 $ 322,956 $ 18,348,004 $ 18,846,872 December 31, 2018 Classified Special Mention Pass Total (In thousands) Real estate mortgage: Commercial $ 57,734 $ 74,785 $ 4,691,779 $ 4,824,298 Income producing and other residential 10,521 968 3,082,354 3,093,843 Total real estate mortgage 68,255 75,753 7,774,133 7,918,141 Real estate construction and land: Commercial 442 7,041 905,100 912,583 Residential — 1,527 1,319,546 1,321,073 Total real estate construction and land 442 8,568 2,224,646 2,233,656 Commercial: Asset-based 45,957 48,338 3,211,126 3,305,421 Venture capital 28,731 77,588 1,932,429 2,038,748 Other commercial 92,526 50,136 1,917,764 2,060,426 Total commercial 167,214 176,062 7,061,319 7,404,595 Consumer 1,199 1,015 399,107 401,321 Total $ 237,110 $ 261,398 $ 17,459,205 $ 17,957,713 Nonaccrual loans and leases and performing TDRs are considered impaired for reporting purposes. TDRs are a result of rate reductions, term extensions, fee concessions and debt forgiveness or a combination thereof. At December 31, 2019 and 2018 , we had unfunded commitments related to TDRs of $1.2 million and $1.3 million . The following table presents the composition of our impaired loans and leases held for investment, net of deferred fees, by loan portfolio segment as of the dates indicated: December 31, 2019 December 31, 2018 Total Total Nonaccrual Impaired Nonaccrual Impaired Loans Loans Loans Loans and Performing and and Performing and Leases TDRs Leases Leases TDRs Leases (In thousands) Real estate mortgage $ 20,824 $ 10,165 $ 30,989 $ 17,845 $ 11,484 $ 29,329 Real estate construction and land 364 1,470 1,834 442 5,420 5,862 Commercial 70,672 550 71,222 60,003 692 60,695 Consumer 493 72 565 1,043 105 1,148 Total $ 92,353 $ 12,257 $ 104,610 $ 79,333 $ 17,701 $ 97,034 The following tables present information regarding our impaired loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of and for the years indicated: December 31, 2019 2018 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Impaired Loans and Leases Investment Balance Allowance Investment Balance Allowance (In thousands) With An Allowance Recorded: Real estate mortgage: Commercial $ 479 $ 479 $ 71 $ 1,736 $ 1,648 $ 170 Income producing and other residential 2,002 2,005 160 2,569 2,563 247 Commercial: Venture capital 7,811 9,106 2,581 11,621 13,255 3,141 Other commercial 14,805 15,191 3,385 473 482 473 With No Related Allowance Recorded: Real estate mortgage: Commercial $ 21,264 $ 36,247 $ — $ 17,783 $ 32,035 $ — Income producing and other residential 7,244 9,442 — 7,241 9,425 — Real estate construction and land: Commercial 1,834 1,887 — 5,862 5,870 — Commercial: Asset-based 30,162 52,139 — 32,324 38,100 — Venture capital 5,270 44,468 — 8,678 41,335 — Other commercial 13,174 32,242 — 7,599 25,740 — Consumer 565 728 — 1,148 1,470 — Total Loans and Leases With and Without an Allowance Recorded: Real estate mortgage $ 30,989 $ 48,173 $ 231 $ 29,329 $ 45,671 $ 417 Real estate construction and land 1,834 1,887 — 5,862 5,870 — Commercial 71,222 153,146 5,966 60,695 118,912 3,614 Consumer 565 728 — 1,148 1,470 — Total $ 104,610 $ 203,934 $ 6,197 $ 97,034 $ 171,923 $ 4,031 Year Ended December 31, 2019 2018 2017 (2) Weighted Interest Weighted Interest Weighted Interest Average Income Average Income Average Income Impaired Loans and Leases Balance (1) Recognized Balance (1) Recognized Balance (1) Recognized (In thousands) With An Allowance Recorded: Real estate mortgage: Commercial $ 479 $ 31 $ 1,736 $ 72 $ 15,538 $ 881 Income producing and other residential 2,001 58 2,199 75 2,787 55 Commercial: Venture capital 7,008 — 9,449 — 10,228 — Other commercial 3,710 — 35 — 20,329 60 Consumer — — — — 100 8 With No Related Allowance Recorded: Real estate mortgage: Commercial $ 16,252 $ 230 $ 15,714 $ 236 $ 89,554 $ 2,648 Income producing and other residential 6,898 217 7,191 181 3,842 59 Real estate construction and land: Commercial 1,834 118 5,460 383 5,690 306 Commercial: Asset-based 28,829 — 32,324 — 31,388 — Venture capital 4,735 — 689 — 2,860 — Other commercial 7,303 75 6,286 98 3,404 84 Consumer 413 5 844 7 20 — Total Loans and Leases With and Without an Allowance Recorded: Real estate mortgage $ 25,630 $ 536 $ 26,840 $ 564 $ 111,721 $ 3,643 Real estate construction and land 1,834 118 5,460 383 5,690 306 Commercial 51,585 75 48,783 98 68,209 144 Consumer 413 5 844 7 120 8 Total $ 79,462 $ 734 $ 81,927 $ 1,052 $ 185,740 $ 4,101 _________________________ (1) For loans and leases reported as impaired at December 31, 2019 , 2018 , and 2017 , amounts were calculated based on the period of time such loans and leases were impaired during the reported period. (2) Excludes PCI loans. See Note 1(h). Nature of Operations and Summary of Significant Accounting Policies. The following table presents our troubled debt restructurings of loans held for investment and defaulted troubled debt restructurings of loans held for investment by loan portfolio segment and class for the years indicated: Troubled Debt Restructurings Troubled Debt Restructurings That Subsequently Defaulted (1) Pre-Modification Post-Modification Number Outstanding Outstanding Number of Recorded Recorded of Recorded Loans Investment Investment Loans Investment (1) (Dollars In thousands) Year Ended December 31, 2019 Real estate mortgage: Commercial 3 $ 121 $ — — $ — Income producing and other residential 9 1,591 1,591 1 254 Commercial: Asset-based 5 3,082 3,082 — — Venture capital 14 19,017 19,155 — — Other commercial 20 3,835 3,835 4 154 Total 51 $ 27,646 $ 27,663 5 $ 408 Year Ended December 31, 2018 Real estate mortgage: Commercial 10 $ 17,181 $ 2,604 — $ — Income producing and other residential 10 3,262 2,203 — — Commercial: Asset-based (2) 4 28,947 33,947 — — Venture capital 14 37,416 36,919 — — Other commercial 19 14,399 14,027 — — Consumer 3 673 673 — — Total 60 $ 101,878 $ 90,373 — $ — Year Ended December 31, 2017 Real estate mortgage: Commercial 5 $ 2,527 $ 2,463 — $ — Income producing and other residential 8 1,328 489 — — Real estate construction and land: Residential 1 362 — — — Commercial: Asset-based 5 4,219 4,219 — — Venture capital 11 29,733 29,733 — — Other commercial 19 31,471 22,236 1 1 Consumer 1 97 97 — — Total 50 $ 69,737 $ 59,237 1 $ 1 _________________________ (1) The population of defaulted TDRs for the period indicated includes only those loans restructured during the preceding 12-month period. For example, for the year ended December 31, 2019 , the population of defaulted TDRs includes only those loans restructured after December 31, 2018 . The table excludes defaulted TDRs in those classes for which the recorded investment was zero at the end of the period. (2) One commercial asset-based loan with a pre-modification balance of $27.3 million and a post-modification balance of $32.3 million was previously restructured in December 2017. Leases Receivable We provide equipment financing to our customers primarily with operating and direct financing leases. For direct financing leases, lease receivables are recorded on the balance sheet but the leased equipment is not, although we generally retain legal title to the leased equipment until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Direct financing leases are subject to our accounting for allowance for loan and lease losses. See Note 10. Leases for information regarding operating leases where we are the lessor. The following table provides the components of leases receivable income for the period indicated: Year Ended December 31, 2019 (In thousands) Component of leases receivable income: Interest income on net investments in leases $ 11,061 The following table presents the components of leases receivable as of the date indicated: December 31, 2019 (In thousands) Net investment in sales type and direct financing leases: Lease payments receivable $ 147,729 Unguaranteed residual assets 20,806 Deferred fees and other 655 Aggregate net investment in leases $ 169,190 The following table presents maturities of leases receivable as of the date indicated: December 31, 2019 (In thousands) Year Ending December 31, 2020 $ 66,113 2021 51,735 2022 20,562 2023 12,491 2024 8,856 2025 and thereafter 1,015 Total undiscounted cash flows 160,772 Less: Unearned income (13,043 ) Present value of lease payments $ 147,729 Allowance for Loan and Lease Losses The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment for the years indicated: Year Ended December 31, 2019 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and lease losses: Balance, beginning of year $ 46,021 $ 28,209 $ 56,360 $ 1,882 $ 132,472 Charge-offs (997 ) — (30,426 ) (839 ) (32,262 ) Recoveries 983 — 14,397 195 15,575 Net charge-offs (14 ) — (16,029 ) (644 ) (16,687 ) (Negative provision) provision (1,432 ) 2,335 21,197 900 23,000 Balance, end of year $ 44,575 $ 30,544 $ 61,528 $ 2,138 $ 138,785 Ending Allowance by Impairment Methodology: Individually evaluated for impairment $ 231 $ — $ 5,966 $ — $ 6,197 Collectively evaluated for impairment $ 44,344 $ 30,544 $ 55,562 $ 2,138 $ 132,588 Ending Loans and Leases by Impairment Methodology: Individually evaluated for impairment $ 28,038 $ 1,834 $ 69,674 $ — $ 99,546 Collectively evaluated for impairment 7,944,709 2,735,968 7,625,822 440,827 18,747,326 Ending balance $ 7,972,747 $ 2,737,802 $ 7,695,496 $ 440,827 $ 18,846,872 Year Ended December 31, 2018 Real Estate Real Estate Construction Mortgage and Land Commercial Consumer Total (In thousands) Allowance for Loan and lease losses: Balance, beginning of year (1) $ 40,051 $ 13,055 $ 84,022 $ 2,328 $ 139,456 Charge-offs (8,190 ) — (50,481 ) (371 ) (59,042 ) Recoveries 2,350 195 12,566 173 15,284 Net (charge-offs) recoveries (5,840 ) 195 (37,915 ) (198 ) (43,758 ) Provision (negative provision) 11,810 14,959 10,253 (248 ) 36,774 Balance, end of year $ 46,021 $ 28,209 $ 56,360 $ 1,882 $ 132,472 Ending Allowance by Impairment Methodology: Individually evaluated for impairment $ 417 $ — $ 3,614 $ — $ 4,031 Collectively evaluated for impairment $ 45,604 $ 28,209 $ 52,746 $ 1,882 $ 128,441 Ending Loans and Leases by Impairment Methodology: Individually evaluated for impairment $ 26,473 $ 5,862 $ 59,288 $ 444 $ 92,067 Collectively evaluated for impairment 7,891,668 2,227,794 7,345,307 400,877 17,865,646 Ending balance $ 7,918,141 $ 2,233,656 $ 7,404,595 $ 401,321 $ 17,957,713 ______________________________________ (1) The allowance for loan losses related to PCI loans of $6.4 million as of December 31, 2017 is reflected in the beginning balance of the allowance for loan and lease losses for the year ended December 31, 2018. Allowance for Credit Losses The allowance for credit losses is the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets. The following tables present a summary of the activity in the allowance for loan and lease losses and reserve for unfunded loan commitments for the years indicated: Year Ended December 31, 2019 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of year $ 132,472 $ 36,861 $ 169,333 Charge-offs (32,262 ) — (32,262 ) Recoveries 15,575 — 15,575 Net charge-offs (16,687 ) — (16,687 ) Provision (negative provision) 23,000 (1,000 ) 22,000 Balance, end of year $ 138,785 $ 35,861 $ 174,646 Year Ended December 31, 2018 Allowance for Reserve for Total Loan and Unfunded Loan Allowance for Lease Losses Commitments Credit Losses (In thousands) Balance, beginning of year (1) $ 139,456 $ 28,635 $ 168,091 Charge-offs (59,042 ) — (59,042 ) Recoveries 15,284 — 15,284 Net charge-offs (43,758 ) — (43,758 ) Provision 36,774 8,226 45,000 Balance, end of year $ 132,472 $ 36,861 $ 169,333 _______________________________________ (1) The allowance for loan losses related to PCI loans of $6.4 million |