Loans and Leases | Loans and leases Loans and Leases Receivable, Net Loans and leases receivable consisted of the following as of the dates indicated: March 31, 2017 December 31, 2016 Non-PCI Loans and Leases PCI Loans Total Non-PCI Loans and Leases PCI Loans Total (in thousands) Real estate loans: Commercial property Retail $ 908,432 $ 1,554 $ 909,986 $ 857,629 $ 2,324 $ 859,953 Hospitality 650,518 1,596 652,114 649,540 1,618 651,158 Gas station 253,437 2,623 256,060 260,187 2,692 262,879 Other (1) 1,113,851 2,047 1,115,898 1,107,589 2,067 1,109,656 Construction 56,072 — 56,072 55,962 — 55,962 Residential property 357,775 970 358,745 337,791 976 338,767 Total real estate loans 3,340,085 8,790 3,348,875 3,268,698 9,677 3,278,375 Commercial and industrial loans: Commercial term 135,476 120 135,596 138,032 136 138,168 Commercial lines of credit 144,279 — 144,279 136,231 — 136,231 International loans 37,807 — 37,807 25,821 — 25,821 Total commercial and industrial loans 317,562 120 317,682 300,084 136 300,220 Leases receivable 259,591 — 259,591 243,294 — 243,294 Consumer loans (2) 17,753 50 17,803 22,830 50 22,880 Loans and leases receivable 3,934,991 8,960 3,943,951 3,834,906 9,863 3,844,769 Allowance for loan and lease losses (32,261 ) (891 ) (33,152 ) (31,458 ) (971 ) (32,429 ) Loans and leases receivable, net $ 3,902,730 $ 8,069 $ 3,910,799 $ 3,803,448 $ 8,892 $ 3,812,340 (1) The remaining other real estate categories represent less than one percent of total loans and leases, which, among other property types, include mixed-use, apartment, office, industrial, faith-based facilities and warehouse. (2) Consumer loans include home equity lines of credit of $16.1 million and $17.7 million as of March 31, 2017 and December 31, 2016 , respectively. Accrued interest on loans and leases receivable was $8.2 million at March 31, 2017 and December 31, 2016 . At March 31, 2017 and December 31, 2016 , loans receivable of $1.0 billion were pledged to secure borrowing facilities from the FHLB. Loans Held for Sale The following is the activity for SBA loans held for sale for the three months ended March 31, 2017 and 2016 : SBA Loans Held for Sale Real Estate Commercial and Industrial Total (in thousands) March 31, 2017 Balance at beginning of period $ 7,410 $ 1,906 $ 9,316 Originations 12,633 6,559 19,192 Sales (12,254 ) (7,389 ) (19,643 ) Principal payoffs and amortization — (16 ) (16 ) Balance at end of period $ 7,789 $ 1,060 $ 8,849 March 31, 2016 Balance at beginning of period $ 840 $ 2,034 $ 2,874 Originations 6,473 5,679 12,152 Sales (5,488 ) (6,935 ) (12,423 ) Principal payoffs and amortization (1 ) (19 ) (20 ) Balance at end of period $ 1,824 $ 759 $ 2,583 Allowance for Loan and Lease Losses Activity in the allowance for loan and lease losses was as follows for the periods indicated: As of and for the Three Months Ended March 31, 2017 March 31, 2016 Non-PCI Loans and Leases PCI Loans Total Non-PCI Loans and Leases PCI Loans Total (in thousands) Allowance for loan and lease losses: Balance at beginning of period $ 31,458 $ 971 $ 32,429 $ 37,494 $ 5,441 $ 42,935 Charge-offs (186 ) — (186 ) (637 ) — (637 ) Recoveries on loans and leases previously charged off 989 — 989 253 — 253 Net loan and lease (charge-offs) recoveries 803 — 803 (384 ) — (384 ) Loan and lease loss provision (income) — (80 ) (80 ) (1,729 ) 204 (1,525 ) Balance at end of period $ 32,261 $ 891 $ 33,152 $ 35,381 $ 5,645 $ 41,026 Management believes the allowance for loan and lease losses is appropriate to provide for probable losses inherent in the loan and lease portfolio. However, the allowance is an estimate that is inherently uncertain and depends on the outcome of future events. Management’s estimates are based on previous loss experience; volume, growth and composition of the loan and lease portfolio; the value of collateral; and current economic conditions. Our lending is concentrated generally in real estate, commercial, SBA and trade finance lending to small and middle market businesses primarily in California, Texas and Illinois. The following tables details the information on the allowance for loan and lease losses by portfolio segment as of and for the three months ended March 31, 2017 and 2016 : Real Estate Commercial and Industrial Leases Receivable Consumer Unallocated Total (In thousands) March 31, 2017 Allowance for loan and lease losses on non-PCI loans and leases: Beginning balance $ 25,212 $ 5,582 307 $ 191 $ 166 $ 31,458 Charge-offs (104 ) (40 ) (42 ) — — (186 ) Recoveries on loans and leases previously charged off 712 277 — — — 989 Loan and lease loss provision (income) (1,060 ) 95 715 (69 ) 319 — Ending balance $ 24,760 $ 5,914 $ 980 $ 122 $ 485 $ 32,261 Ending balance: individually evaluated for impairment $ 3,756 $ 791 $ — $ — $ — $ 4,547 Ending balance: collectively evaluated for impairment $ 21,004 $ 5,123 $ 980 $ 122 $ 485 $ 27,714 Non-PCI loans and leases receivable: Ending balance $ 3,340,085 $ 317,562 $ 259,591 $ 17,753 $ — $ 3,934,991 Ending balance: individually evaluated for impairment $ 20,795 $ 3,828 $ — $ 321 $ — $ 24,944 Ending balance: collectively evaluated for impairment $ 3,319,290 $ 313,734 $ 259,591 $ 17,432 $ — $ 3,910,047 Allowance for loan losses on PCI loans: Beginning balance $ 922 $ 41 $ — $ 8 $ — $ 971 Charge-offs — — — — — — Loan loss provision (income) (80 ) — — — — (80 ) Ending balance $ 842 $ 41 $ — $ 8 $ — $ 891 PCI loans receivable: Ending balance: acquired with deteriorated credit quality $ 8,790 $ 120 $ — $ 50 $ — $ 8,960 Real Estate Commercial and Industrial Leases Receivable Consumer Unallocated Total (In thousands) March 31, 2016 Allowance for loan and lease losses on non-PCI loans and leases: Beginning balance $ 29,800 $ 7,081 — $ 242 $ 371 $ 37,494 Charge-offs (535 ) (102 ) — — — (637 ) Recoveries on loans and leases previously charged off 93 160 — — — 253 Loan and lease loss provision (income) (1,080 ) (850 ) — 13 188 (1,729 ) Ending balance $ 28,278 $ 6,289 $ — $ 255 $ 559 $ 35,381 Ending balance: individually evaluated for impairment $ 3,334 $ 759 $ — $ — $ — $ 4,093 Ending balance: collectively evaluated for impairment $ 24,944 $ 5,530 $ — $ 255 $ 559 $ 31,288 Non-PCI loans and leases receivable: Ending balance $ 2,966,390 $ 295,471 $ — $ 24,783 $ — $ 3,286,644 Ending balance: individually evaluated for impairment $ 25,595 $ 6,441 $ — $ 700 $ — $ 32,736 Ending balance: collectively evaluated for impairment $ 2,940,795 $ 289,030 $ — $ 24,083 $ — $ 3,253,908 Allowance for loan losses on PCI loans: Beginning balance $ 5,397 $ 42 $ — $ 2 $ — $ 5,441 Loan loss provision (income) 202 2 — — — 204 Ending balance $ 5,599 $ 44 $ — $ 2 $ — $ 5,645 PCI loans receivable: Ending balance: acquired with deteriorated credit quality $ 19,625 $ 161 $ — $ 49 $ — $ 19,835 Loan and Lease Quality Indicators As part of the on-going monitoring of the credit quality of our loan and lease portfolio, we utilize an internal loan and lease grading system to identify credit risk and assign an appropriate grade, from 0 to 8 , for each loan or lease in our loan and lease portfolio. Third party loan reviews are performed throughout the year. Additional adjustments are made when determined to be necessary. The loan and lease grade definitions are as follows: Pass and Pass-Watch: Pass and pass-watch loans and leases, grades 0-4, are in compliance in all respects with the Bank’s credit policy and regulatory requirements, and do not exhibit any potential or defined weaknesses as defined under Special Mention, Substandard or Doubtful. This category is the strongest level of the Bank’s loan and lease grading system. It incorporates all performing loans and leases with no credit weaknesses. It includes cash and stock/security secured loans or other investment grade loans. Special Mention: A special mention credit, grade 5, has potential weaknesses that deserve management’s close attention. If not corrected, these potential weaknesses may result in deterioration of the repayment prospects of the debt and result in a Substandard classification. Loans and leases that have significant actual, not potential, weaknesses are considered more severely classified. Substandard: A substandard credit, grade 6, has a well-defined weakness that jeopardizes the liquidation of the debt. A credit graded Substandard is not protected by the sound worth and paying capacity of the borrower, or of the value and type of collateral pledged. With a Substandard loan or lease, there is a distinct possibility that the Bank will sustain some loss if the weaknesses or deficiencies are not corrected. Doubtful: A doubtful credit, grade 7, is one that has critical weaknesses that would make the collection or liquidation of the full amount due improbable. However, there may be pending events which may work to strengthen the credit, and therefore the amount or timing of a possible loss cannot be determined at the current time. Loss: A loan or lease classified as loss, grade 8, is considered uncollectible and of such little value that its continuance as an active bank asset is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be possible in the future. Loans and leases classified as loss are charged off in a timely manner. Under regulatory guidance, loans and leases graded special mention or worse are considered criticized loans and leases, and loans and leases graded substandard or worse are considered classified loans and leases. As of March 31, 2017 and December 31, 2016 , pass/pass-watch, special mention and classified loans and leases (excluding PCI loans), disaggregated by loan class, were as follows: Pass/Pass-Watch Special Mention Classified Total (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ 902,614 $ 1,652 $ 4,166 $ 908,432 Hospitality 636,396 4,515 9,607 650,518 Gas station 249,125 2,029 2,283 253,437 Other 1,106,847 2,794 4,210 1,113,851 Construction 56,072 — — 56,072 Residential property 357,543 — 232 357,775 Commercial and industrial loans: Commercial term 131,424 2,130 1,922 135,476 Commercial lines of credit 143,979 300 — 144,279 International loans 37,807 — — 37,807 Leases receivable 257,947 — 1,644 259,591 Consumer loans 17,292 — 461 17,753 Total Non-PCI loans and leases $ 3,897,046 $ 13,420 $ 24,525 $ 3,934,991 December 31, 2016 Real estate loans: Commercial property Retail $ 851,147 $ 2,275 $ 4,207 $ 857,629 Hospitality 634,397 5,497 9,646 649,540 Gas station 252,123 1,911 6,153 260,187 Other 1,100,070 1,645 5,874 1,107,589 Construction 55,962 — — 55,962 Residential property 337,227 — 564 337,791 Commercial and industrial loans: Commercial term 133,811 2,060 2,161 138,032 Commercial lines of credit 135,699 464 68 136,231 International loans 23,406 2,415 — 25,821 Leases receivable 242,393 — 901 243,294 Consumer loans 22,139 — 691 22,830 Total Non-PCI loans and leases $ 3,788,374 $ 16,267 $ 30,265 $ 3,834,906 The following is an aging analysis of loans and leases (excluding PCI loans), disaggregated by loan class, as of the dates indicated: 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ 241 $ — $ 234 $ 475 $ 907,957 $ 908,432 Hospitality 4,429 — 106 4,535 645,983 650,518 Gas station 1,699 623 134 2,456 250,981 253,437 Other 891 — 352 1,243 1,112,608 1,113,851 Construction — — — — 56,072 56,072 Residential property 778 45 417 1,240 356,535 357,775 Commercial and industrial loans: Commercial term 212 368 285 865 134,611 135,476 Commercial lines of credit — 300 — 300 143,979 144,279 International loans — — — — 37,807 37,807 Leases receivable 1,829 997 1,435 4,261 255,330 259,591 Consumer loans 79 126 40 245 17,508 17,753 Total Non-PCI loans and leases $ 10,158 $ 2,459 $ 3,003 $ 15,620 $ 3,919,371 $ 3,934,991 December 31, 2016 Real estate loans: Commercial property Retail $ 9 $ 137 $ 234 $ 380 $ 857,249 $ 857,629 Hospitality 1,037 46 600 1,683 647,857 649,540 Gas station 245 643 137 1,025 259,162 260,187 Other 432 79 1,100 1,611 1,105,978 1,107,589 Construction — — — — 55,962 55,962 Residential property 730 89 423 1,242 336,549 337,791 Commercial and industrial loans: Commercial term 484 42 111 637 137,395 138,032 Commercial lines of credit — — — — 136,231 136,231 International loans 80 — — 80 25,741 25,821 Leases receivable 2,090 1,043 385 3,518 239,776 243,294 Consumer loans 170 — — 170 22,660 22,830 Total Non-PCI loans and leases $ 5,277 $ 2,079 $ 2,990 $ 10,346 $ 3,824,560 $ 3,834,906 There were no loans that were 90 days or more past due and accruing interest as of March 31, 2017 and 2016 . Impaired Loans and Leases Loans and leases are considered impaired when the Bank will be unable to collect all interest and principal payments per the contractual terms of the loan and lease agreement, unless the loan is well-collateralized and in the process of collection; or they are classified as Troubled Debt Restructurings (“TDRs”) because, due to the financial difficulties of the borrowers, we have granted concessions to the borrowers we would not otherwise consider; or when current information or events make it unlikely to collect in full according to the contractual terms of the loan or lease agreements; or there is a deterioration in the borrower’s financial condition that raises uncertainty as to timely collection of either principal or interest; or full payment of both interest and principal is in doubt according to the original contractual terms. We evaluate loan and lease impairment in accordance with applicable GAAP. Impaired loans and leases are measured based on the present value of expected future cash flows discounted at the receivable's effective interest rate or, as a practical expedient, at the receivable's observable market price or the fair value of the collateral if the loan or lease is collateral dependent, less estimated costs to sell. If the measure of the impaired loan or lease is less than the recorded investment in the loan or lease, the deficiency is either charged off against the allowance for loan and lease losses or we establish a specific allocation in the allowance for loan and lease losses. Additionally, loans and leases that are considered impaired are specifically excluded from the quarterly migration analysis when determining the amount of the allowance for loan and lease losses required for the period. The allowance for collateral-dependent loans is determined by calculating the difference between the outstanding loan balance and the value of the collateral as determined by recent appraisals. The allowance for collateral-dependent loans varies from loan to loan based on the collateral coverage of the loan at the time of designation as nonperforming. We continue to monitor the collateral coverage, using recent appraisals, on these loans on a quarterly basis and adjust the allowance accordingly. The following tables provide information on impaired loans and leases (excluding PCI loans), disaggregated by loan class, as of the dates indicated: Recorded Unpaid With No With an Related (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ 1,661 $ 1,670 $ 151 $ 1,510 $ 130 Hospitality 6,175 6,803 2,453 3,722 3,010 Gas station 4,918 5,048 4,918 — — Other 5,276 5,833 3,971 1,305 616 Residential property 2,765 2,825 2,765 — — Commercial and industrial loans: Commercial term 3,828 3,901 1,052 2,776 791 Consumer loans 321 368 321 — — Total Non-PCI loans and leases $ 24,944 $ 26,448 $ 15,631 $ 9,313 $ 4,547 December 31, 2016 Real estate loans: Commercial property Retail $ 1,678 $ 1,684 $ 151 $ 1,527 $ 120 Hospitality 6,227 6,823 2,243 3,984 3,078 Gas station 4,984 5,092 4,984 — — Other 6,070 6,808 3,127 2,943 782 Residential property 2,798 2,851 2,798 — — Commercial and industrial loans: Commercial term 4,106 4,171 1,229 2,877 347 Commercial lines of credit 68 68 68 — — Consumer loans 419 489 419 — — Total Non-PCI loans and leases $ 26,350 $ 27,986 $ 15,019 $ 11,331 $ 4,327 Three Months Ended Average Recorded Investment Interest Income Recognized (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ 1,667 $ 31 Hospitality 6,254 67 Gas station 4,828 94 Other 5,332 89 Residential property 2,773 33 Commercial and industrial loans: Commercial term 3,892 59 Consumer loans 324 3 Total Non-PCI loans and leases $ 25,070 $ 376 March 31, 2016 Real estate loans: Commercial property Retail $ 2,872 $ 41 Hospitality 6,703 154 Gas station 5,107 162 Other 8,249 212 Residential property 2,770 30 Commercial and industrial loans: Commercial term 5,213 77 Commercial lines of credit 45 5 International loans 1,260 — Consumer loans 693 8 Total Non-PCI loans and leases $ 32,912 $ 689 The following is a summary of interest foregone on impaired loans and leases (excluding PCI loans) for the periods indicated: Three Months Ended 2017 2016 (in thousands) Interest income that would have been recognized had impaired loans and leases performed in accordance with their original terms $ 591 $ 893 Less: Interest income recognized on impaired loans and leases (376 ) (689 ) Interest foregone on impaired loans and leases $ 215 $ 204 There were no commitments to lend additional funds to borrowers whose loans are included in the table above. Nonaccrual Loans and Lease and Nonperforming Assets Loans and leases are placed on nonaccrual status when, in the opinion of management, the full timely collection of principal or interest is in doubt. Generally, the accrual of interest is discontinued when principal or interest payments become more than 90 days past due, unless management believes the receivable is adequately collateralized and in the process of collection. However, in certain instances, we may place a particular loan or lease receivable on nonaccrual status earlier, depending upon the individual circumstances surrounding the delinquency. When a receivable is placed on nonaccrual status, previously accrued but unpaid interest is reversed against current income. Subsequent collections of cash are applied as principal reductions when received, except when the ultimate collectability of principal is probable, in which case interest payments are credited to income. Nonaccrual loans and leases may be restored to accrual status when principal and interest payments become current and full repayment is expected. The following table details nonaccrual loans and leases (excluding PCI loans), disaggregated by loan class, as of the dates indicated: March 31, 2017 December 31, 2016 (in thousands) Real estate loans: Commercial property Retail $ 397 $ 404 Hospitality 5,271 5,266 Gas station 994 1,025 Other 2,763 2,033 Residential property 552 564 Commercial and industrial loans: Commercial term 822 824 Leases receivable 1,644 901 Consumer loans 331 389 Total nonaccrual Non-PCI loans and leases $ 12,774 $ 11,406 The following table details nonperforming assets (excluding PCI loans) as of the dates indicated: March 31, 2017 December 31, 2016 (in thousands) Nonaccrual Non-PCI loans and leases $ 12,774 $ 11,406 Loans and leases 90 days or more past due and still accruing — — Total nonperforming Non-PCI loans and leases 12,774 11,406 OREO 4,636 7,484 Total nonperforming assets $ 17,410 $ 18,890 As of March 31, 2017 , OREO consisted of seven properties with a combined carrying value of $4.6 million , which were all acquired in the Central Bancorp Inc. ("CBI") acquisition on August 31, 2014, or were obtained as a result of PCI loan collateral foreclosures subsequent to the acquisition date. As of December 31, 2016, OREO consisted of 12 properties with a combined carrying value of $7.5 million , including $5.7 million OREO acquired in the CBI acquisition or obtained as a result of PCI loan collateral foreclosures subsequent to the acquisition date. Troubled Debt Restructurings The following table details TDRs (excluding PCI loans) as of March 31, 2017 and December 31, 2016 : Nonaccrual TDRs Accrual TDRs Deferral Deferral Reduction Extension Total Deferral Deferral Reduction Extension Total (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ — $ — $ — $ — $ — $ — $ — $ 1,218 $ — $ 1,218 Hospitality 1,271 3,722 — — 4,993 — — — — — Gas station — — — — — 1,307 — — — 1,307 Other 1,232 636 72 — 1,940 1,748 — 56 976 2,780 Residential property — — — — — 777 — — 286 1,063 Commercial and industrial loans: Commercial term 146 70 59 401 676 18 193 2,072 594 2,877 Consumer loans — — — — — — — 116 — 116 Total Non-PCI TDR loans $ 2,649 $ 4,428 $ 131 $ 401 $ 7,609 $ 3,850 $ 193 $ 3,462 $ 1,856 $ 9,361 December 31, 2016 Real estate loans: Commercial property Retail $ — $ — $ — $ — $ — $ — $ — $ 1,228 $ — $ 1,228 Hospitality 1,292 3,722 — — 5,014 — — — — — Gas station — — — — — 1,324 — — — 1,324 Other 387 651 143 — 1,181 2,688 — 286 1,344 4,318 Residential property — — — — — 783 — — 289 1,072 Commercial and industrial loans: Commercial term 149 71 69 419 708 22 198 2,135 662 3,017 Commercial lines of credit — — — — 68 68 Consumer loans — — — — — — — 119 — 119 Total Non-PCI TDR loans $ 1,828 $ 4,444 $ 212 $ 419 $ 6,903 $ 4,817 $ 198 $ 3,768 $ 2,363 $ 11,146 As of March 31, 2017 and December 31, 2016 , total TDRs were $17.0 million and $18.0 million , respectively. A debt restructuring is considered a TDR if we grant a concession, that we would not have otherwise considered to the borrower, for economic or legal reasons related to the borrower’s financial difficulties. Loans are considered to be TDRs if they were restructured through payment structure modifications such as reducing the amount of principal and interest due monthly and/or allowing for interest only monthly payments for three months or more. All TDRs are impaired and are individually evaluated for specific impairment using one of these three criteria: (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the loan’s observable market price; or (3) the fair value of the collateral if the loan is collateral dependent. At March 31, 2017 and December 31, 2016 , $3.7 million and $3.4 million , respectively, of allowance relating to these loans were included in the allowance for loan and lease losses. The following table details TDRs (excluding PCI loans) for the three months ended March 31, 2017 and 2016 : March 31, 2017 March 31, 2016 Number of Pre- Post- Number of Pre- Post- (in thousands, except number of loans) Real estate loans: Commercial property Retail (1) — $ — $ — 1 $ 21 $ 20 Commercial and industrial loans: Commercial term (2) — — — 2 214 209 Total Non-PCI TDR loans — $ — $ — 3 $ 235 $ 229 (1) Includes a modification of $20,000 through a reduction of principal or accrued interest for the three months ended March 31, 2016 . (2) Includes modifications of $152,000 through payment deferrals and $57,000 through extensions of maturity for the three months ended March 31, 2016 . For the restructured loans on accrual status, we determined that, based on the financial capabilities of the borrowers at the time of the loan restructuring and the borrowers’ past performance in the payment of debt service under the previous loan terms, performance and collection under the revised terms are probable. The following table details TDRs (excluding PCI loans) that defaulted subsequent to the modifications occurring within the previous 12 months , disaggregated by loan class, for the three months ended March 31, 2017 and 2016 , respectively: March 31, 2017 March 31, 2016 Number of Loans Recorded Investment Number of Loans Recorded Investment (in thousands, except number of loans) Real estate loans: Commercial property Other — $ — 2 $ 719 Commercial and industrial loans: Commercial term — — 1 30 Total Non-PCI TDR loans — $ — 3 $ 749 Purchased Credit Impaired Loans The following table summarizes the changes in carrying value of PCI loans during the three months ended March 31, 2017 and 2016: Carrying Amount Accretable Yield (in thousands) Balance at January 1, 2017 $ 8,892 $ (5,677 ) Accretion 134 134 Payments received (1,037 ) — Disposal/transfer to OREO — — Change in expected cash flows, net — 295 Loan loss (provision) income 80 — Balance at March 31, 2017 $ 8,069 $ (5,248 ) Balance at January 1, 2016 $ 14,573 $ (5,944 ) Accretion 421 421 Payments received (811 ) — Disposal/transfer to OREO 211 — Change in expected cash flows, net — (578 ) Loan loss (provision) income (204 ) — Balance at March 31, 2016 $ 14,190 $ (6,101 ) As of March 31, 2017 and December 31, 2016, pass/pass-watch, special mention and classified PCI loans, disaggregated by loan class, were as follows: Pass/Pass-Watch Special Mention Classified Total Allowance Total (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ — $ — $ 1,554 $ 1,554 $ 98 $ 1,456 Hospitality 176 — 1,420 1,596 140 1,456 Gas station — 1,153 1,470 2,623 531 2,092 Other — — 2,047 2,047 — 2,047 Residential property 970 — — 970 73 897 Commercial and industrial loans: Commercial term — 11 109 120 41 79 Consumer loans — — 50 50 8 42 Total PCI loans $ 1,146 $ 1,164 $ 6,650 $ 8,960 $ 891 $ 8,069 December 31, 2016 Real estate loans: Commercial property Retail $ — $ — $ 2,324 $ 2,324 $ 122 $ 2,202 Hospitality 177 — 1,441 1,618 138 1,480 Gas station — 1,180 1,512 2,692 589 2,103 Other — — 2,067 2,067 1 2,066 Residential property 976 — — 976 72 904 Commercial and industrial loans: Commercial term — — 136 136 41 95 Consumer loans — — 50 50 8 42 Total PCI loans $ 1,153 $ 1,180 $ 7,530 $ 9,863 $ 971 $ 8,892 Loans accounted for as PCI are generally considered accruing and performing loans as the accretable discount is accreted to interest income over the estimated life of the loan when cash flows are reasonably estimable. Accordingly, PCI loans that are contractually past due are still considered to be accruing and performing loans. If the timing and amount of future cash flows is not reasonably estimable, the loans are classified as nonaccrual loans and interest income is not recognized until the timing and amount of future cash flows can be reasonably estimated. As of March 31, 2017 and December 31, 2016 , we had no PCI loans on nonaccrual status and included in the delinquency table below. The following table presents a summary of the borrowers' underlying payment status of PCI loans as of the dates indicated: 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Allowance Amount Total (in thousands) March 31, 2017 Real estate loans: Commercial property Retail $ 183 $ — $ 227 $ 410 $ 1,144 $ 1,554 $ 98 $ 1,456 Hospitality 180 — — 180 1,416 1,596 140 1,456 Gas station — — 116 116 2,507 2,623 531 2,092 Other 1,903 — — 1,903 144 2,047 — 2,047 Residential property — — — — 970 970 73 897 Commercial and industrial loans: Commercial term — — 5 5 115 120 41 79 Consumer loans — — 50 50 — 50 8 42 Total PCI loans $ 2,266 $ — $ 398 $ 2,664 $ 6,296 $ 8,960 $ 891 $ 8,069 December 31, 2016 Real estate loans: Commercial property Retail $ 797 $ — $ 238 $ 1,035 $ 1,289 $ 2,324 $ 122 $ 2,202 Hospitality 178 — — 178 1,440 1,618 138 1,480 Gas station — — 116 116 2,576 2,692 589 2,103 Other — — 7 7 2,060 2,067 1 2,066 Residential property — — — — 976 976 72 904 Commercial and industrial loans: Commercial term — — 6 6 130 136 41 95 Consumer loans — — 50 50 — 50 8 42 Total PCI loans $ 975 $ — $ 417 $ 1,392 $ 8,471 $ 9,863 $ 971 $ 8,892 Below is a summary of PCI loans as of March 31, 2017 and December 31, 2016 : Pooled PCI Loans Non-pooled PCI Loans Number of Loans Number of Pools Carrying Amount (in thousands) Percentage of Total Number of Loans Carrying Amount (in thousands) Percentage of Total Total PCI Loans (in thousands) March 31, 2017 Real estate loans: Commercial property 43 6 $ 6,918 88.5 % 1 $ 902 11.5 % $ 7,820 Residential property — — — — % 1 970 100.0 % $ 970 Total real estate loans 43 6 6,918 78.7 % 2 1,872 21.3 % 8,790 Commercial and industrial loans 5 3 120 100.0 % — — — % 120 Consumer loans 1 1 8 16.0 % 1 42 84.0 % 50 Total acquired loans 49 10 7,046 78.6 % 3 1,914 21.4 % 8,960 Allowance for loan losses (538 ) (353 ) (891 ) Total carrying amount $ 6,508 $ 1,561 $ 8,069 Pooled PCI Loans Non-pooled PCI Loans Number of Loans Number of Pools Carrying Amount (in thousands) Percentage of Total Number of Loans Carrying Amount (in thousands) Percentage of Total Total PCI Loans (in thousands) December 31, 2016 Real estate loans: Commercial property 45 6 $ 7,780 89.4 % 1 $ 921 10.6 % $ 8,701 Residential property — — — — % 2 976 100.0 % $ 976 Total real estate loans 45 6 7,780 80.4 % 3 1,897 19.6 % 9,677 Commercial and industrial loans 6 3 136 100.0 % — — — % 136 Consumer loans 1 1 50 100.0 % — — — % 50 Total acquired loans 52 10 7,966 80.8 % 3 1,897 19.2 % 9,863 Allowance for loan losses (617 ) (354 ) (971 ) Total carrying amount $ 7,349 $ 1,543 $ 8,892 |