Live Oak Bancshares (LOB) 10-Q 5 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 04, 2020
Document Information [Line Items]
Entity Registrant Name	LIVE OAK BANCSHARES, INC.
Entity Central Index Key	0001462120
Trading Symbol	LOB
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-37497
Entity Tax Identification Number	26-4596286
Entity Address, Address Line One	1741 Tiburon Drive
Entity Address, City or Town	Wilmington
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28403
City Area Code	910
Local Phone Number	790-5867
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Voting Common Stock, no par value per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	NC
Entity Voting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		37,817,698
Entity Nonvoting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		2,715,531

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 1,256,958	$ 124,610
Federal funds sold	91,188	96,787
Certificates of deposit with other banks	7,250	7,250
Investment securities available-for-sale	779,794	540,045
Loans held for sale (includes $32,071 and $16,198 measured at fair value, respectively)	976,594	966,447
Loans and leases held for investment (includes $834,602 and $824,520 measured at fair value, respectively)	4,650,056	2,627,286
Allowance for credit losses on loans and leases	(44,083)	(28,234)
Net loans and leases	4,605,973	2,599,052
Premises and equipment, net	269,063	279,099
Foreclosed assets	5,660	5,612
Servicing assets	33,834	35,365
Operating lease right-of-use assets	2,886	2,427
Other assets	179,954	156,134
Total assets	8,209,154	4,812,828
Deposits:
Noninterest-bearing	53,938	51,965
Interest-bearing	5,819,354	4,175,015
Total deposits	5,873,292	4,226,980
Borrowings	1,721,029	14
Operating lease liabilities	3,079	2,619
Other liabilities	63,319	50,829
Total liabilities	7,660,719	4,280,442
Shareholders’ equity
Retained earnings	174,837	180,265
Accumulated other comprehensive income	25,303	11,724
Total shareholders’ equity	548,435	532,386
Total liabilities and shareholders’ equity	8,209,154	4,812,828
Preferred Stock Undefined
Shareholders’ equity
Preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at June 30, 2020 and December 31, 2019
Class A Common Stock
Shareholders’ equity
Common stock	319,542	309,526
Class B Common Stock
Shareholders’ equity
Common stock	$ 28,753	$ 30,871

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans held-for-sale, fair value	$ 32,071	$ 16,198
Loans and leases held for Investment at fair value	$ 834,602	$ 824,520
Preferred Stock Undefined
Preferred stock, par value
Preferred stock authorized (in shares)	1,000,000	1,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value
Common stock authorized (in shares)	100,000,000	100,000,000
Common stock issued (in shares)	37,810,101	37,401,443
Common stock outstanding (in shares)	37,810,101	37,401,443
Class B Common Stock
Common stock, par value
Common stock authorized (in shares)	10,000,000	10,000,000
Common stock issued (in shares)	2,715,531	2,915,531
Common stock outstanding (in shares)	2,715,531	2,915,531

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income
Loans and fees on loans	$ 62,022	$ 49,914	$ 120,983	$ 94,880
Investment securities, taxable	3,786	4,116	7,548	7,433
Other interest earning assets	1,009	1,108	1,759	2,747
Total interest income	66,817	55,138	130,290	105,060
Interest expense
Deposits	25,121	21,203	48,376	40,520
Borrowings	798		855
Total interest expense	25,919	21,203	49,231	40,520
Net interest income	40,898	33,935	81,059	64,540
Provision for loan and lease credit losses	9,958	3,412	21,750	6,443
Net interest income after provision for loan and lease credit losses	30,940	30,523	59,309	58,097
Noninterest income
Loan servicing revenue	6,691	7,063	13,113	14,473
Loan servicing asset revaluation	(1,571)	(3,245)	(6,263)	(7,285)
Net gains on sales of loans	10,695	6,015	21,807	10,213
Net (loss) gain on loans accounted for under the fair value option	(1,089)	2,791	(11,727)	4,874
Equity method investments income (loss)	(2,243)	(1,736)	(4,721)	(3,750)
Equity security investments gains (losses), net	161	32	97	135
Gain on sale of investment securities available-for-sale, net	734		655	5
Lease income	2,635	2,369	5,259	4,694
Management fee income	1,206	91	2,850	91
Construction supervision fee income	684	386	1,074	1,165
Other noninterest income	4,508	884	6,009	3,351
Total noninterest income	22,411	14,650	28,153	27,966
Noninterest expense
Salaries and employee benefits	30,782	21,990	58,845	43,845
Travel expense	364	1,541	2,145	2,741
Professional services expense	1,385	1,621	3,322	3,803
Advertising and marketing expense	624	1,665	1,985	3,029
Occupancy expense	1,955	1,848	4,376	3,457
Data processing expense	2,764	1,947	5,921	4,346
Equipment expense	4,652	4,239	9,287	7,564
Other loan origination and maintenance expense	2,492	1,708	4,948	3,347
Renewable energy tax credit investment impairment		602		602
FDIC insurance	1,721	699	3,231	1,334
Other expense	1,361	1,716	3,531	3,709
Total noninterest expense	48,100	39,576	97,591	77,777
Income (loss) before taxes	5,251	5,597	(10,129)	8,286
Income tax expense (benefit)	1,474	662	(6,304)	979
Net income (loss)	$ 3,777	$ 4,935	$ (3,825)	$ 7,307
Basic earnings (loss) per share	$ 0.09	$ 0.12	$ (0.10)	$ 0.18
Diluted earnings (loss) per share	$ 0.09	$ 0.12	$ (0.10)	$ 0.18

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 3,777	$ 4,935	$ (3,825)	$ 7,307
Other comprehensive income before tax:
Net unrealized gain on investment securities arising during the period	10,673	15,637	18,522	19,155
Reclassification adjustment for gain on sale of securities available-for-sale included in net income	734		655	5
Other comprehensive income before tax	9,939	15,637	17,867	19,150
Income tax expense	(2,385)	(3,753)	(4,288)	(4,596)
Other comprehensive income, net of tax	7,554	11,884	13,579	14,554
Total comprehensive income	$ 11,331	$ 16,819	$ 9,754	$ 21,861

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect of Accounting Change	Common stock	Common stockClass A Common Stock	Common stockClass B Common Stock	Retained earnings	Retained earningsCumulative Effect of Accounting Change	Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2018	$ 493,560	$ (66)	$ 328,113			$ 167,124	$ (66)	$ (1,677)
Beginning balance (in shares) at Dec. 31, 2018				35,512,262	4,643,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7,307					7,307
Other comprehensive income	14,554							14,554
Issuance of restricted stock (in shares)				21,486
Withholding cash issued in lieu of restricted stock issuance	(86)		(86)
Employee stock purchase program	182		182
Employee stock purchase program (Shares)				14,059
Stock option exercises	172		172
Stock option exercises (in shares)				29,579
Stock option based compensation expense	870		870
Restricted stock expense	$ 4,904		4,904
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
Cash dividends	$ (2,411)					(2,411)
Ending balance at Jun. 30, 2019	518,986		334,155			171,954		12,877
Ending balance (in shares) at Jun. 30, 2019				35,577,386	4,643,530
Beginning balance at Mar. 31, 2019	500,380		331,162			168,225		993
Beginning balance (in shares) at Mar. 31, 2019				35,531,549	4,643,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	4,935					4,935
Other comprehensive income	11,884							11,884
Issuance of restricted stock	0
Issuance of restricted stock (in shares)				19,346
Withholding cash issued in lieu of restricted stock issuance	(81)		(81)
Stock option exercises	158		158
Stock option exercises (in shares)				26,491
Stock option based compensation expense	400		400
Restricted stock expense	2,516		2,516
Cash dividends	(1,206)					(1,206)
Ending balance at Jun. 30, 2019	518,986		334,155			171,954		12,877
Ending balance (in shares) at Jun. 30, 2019				35,577,386	4,643,530
Beginning balance at Dec. 31, 2019	532,386	$ 822	340,397			180,265	$ 822	11,724
Beginning balance (in shares) at Dec. 31, 2019				37,401,443	2,915,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(3,825)					(3,825)
Other comprehensive income	13,579							13,579
Issuance of restricted stock (in shares)				29,389
Withholding cash issued in lieu of restricted stock issuance	(109)		(109)
Employee stock purchase program	232		232
Employee stock purchase program (Shares)				25,161
Stock option exercises	406		406
Stock option exercises (in shares)				64,181
Stock option based compensation expense	772		772
Restricted stock expense	5,475		5,475
Issuance of common stock in connection with acquisition of wholly-owned subsidiary	$ 1,122		1,122
Issuance of common stock in connection with acquisition of wholly-owned subsidiary (in shares)				89,927
Non-voting common stock converted to voting common stock in private sale (Shares)				200,000	(200,000)
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Cash dividends	$ (2,425)					(2,425)
Ending balance at Jun. 30, 2020	548,435		348,295			174,837		25,303
Ending balance (in shares) at Jun. 30, 2020				37,810,101	2,715,531
Beginning balance at Mar. 31, 2020	533,772		343,747			172,276		17,749
Beginning balance (in shares) at Mar. 31, 2020				37,664,670	2,715,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,777					3,777
Other comprehensive income	7,554							7,554
Issuance of restricted stock	0
Issuance of restricted stock (in shares)				21,965
Withholding cash issued in lieu of restricted stock issuance	(61)		(61)
Stock option exercises	148		148
Stock option exercises (in shares)				33,539
Stock option based compensation expense	406		406
Restricted stock expense	2,933		2,933
Issuance of common stock in connection with acquisition of wholly-owned subsidiary	1,122		1,122
Issuance of common stock in connection with acquisition of wholly-owned subsidiary (in shares)				89,927
Cash dividends	(1,216)					(1,216)
Ending balance at Jun. 30, 2020	$ 548,435		$ 348,295			$ 174,837		$ 25,303
Ending balance (in shares) at Jun. 30, 2020				37,810,101	2,715,531

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Stockholders Equity [Abstract]
Cash dividends per share	$ 0.03	$ 0.03	$ 0.06	$ 0.06

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net (loss) income	$ (3,825)	$ 7,307
Adjustments to reconcile net (loss) income to net cash used by operating activities:
Depreciation and amortization	11,194	9,101
Provision for loan and lease credit losses	21,750	6,443
Amortization of premium on securities, net of accretion	636	254
Deferred tax benefit	(11,164)	(417)
Originations of loans held for sale	(483,741)	(455,456)
Proceeds from sales of loans held for sale	391,706	168,981
Net gains on sale of loans held for sale	(21,807)	(10,213)
Net (gain) loss on sale of foreclosed assets	(10)	4
Net loss (gain) on loans accounted for under fair value option	11,727	(4,874)
Net decrease in servicing assets	1,531	5,954
Gain on sale of investment securities available-for-sale, net	(655)	(5)
Net gain on disposal of long-lived asset		(357)
Net loss on disposal of property and equipment	38	109
Equity method investments (income) loss	4,721	3,750
Equity security investments gains (losses), net	97	135
Renewable energy tax credit investment impairment		602
Stock option based compensation expense	772	870
Restricted stock expense	5,475	4,904
Stock based compensation expense tax shortfall	(93)	(76)
Changes in assets and liabilities:
Lease right-of-use assets and liabilities, net	1	102
Other assets	(24,383)	10,089
Other liabilities	16,886	154
Net cash used by operating activities	(79,338)	(252,909)
Cash flows from investing activities
Purchases of securities available-for-sale	(292,825)	(205,829)
Proceeds from sales, maturities, calls, and principal paydown of securities available-for-sale	70,962	28,945
Proceeds from SBA reimbursement/sale of foreclosed assets	2,026	393
Business combination, net of cash acquired	(895)
Loan and lease originations and principal collections, net	(1,937,416)	(256,823)
Proceeds from sale of long-lived asset		10,895
Purchases of premises and equipment, net	(1,196)	(27,823)
Net cash used by investing activities	(2,159,344)	(450,242)
Cash flows from financing activities
Net increase in deposits	1,646,312	566,698
Proceeds from borrowings	1,781,966
Repayment of borrowings	(60,951)	(98)
Stock option exercises	406	172
Employee stock purchase program	232	182
Withholding cash issued in lieu of restricted stock	(109)	(86)
Shareholder dividend distributions	(2,425)	(2,411)
Net cash provided by financing activities	3,365,431	564,457
Net increase (decrease) in cash and cash equivalents	1,126,749	(138,694)
Cash and cash equivalents, beginning	221,397	319,311
Cash and cash equivalents, ending	1,348,146	180,617
Supplemental disclosures of cash flow information
Interest paid	49,397	39,391
Income tax paid (received)	460	(12,439)
Supplemental disclosures of noncash operating, investing, and financing activities
Unrealized holding gains on available-for-sale securities, net of taxes	13,579	14,554
Transfers from loans and leases to foreclosed real estate and other repossessions	2,034	5,058
Net transfers between foreclosed real estate and SBA receivable	30	(289)
Right-of-use assets obtained in exchange for lessee operating lease liabilities		2,241
Transfer of loans held for sale to loans and leases held for investment	98,002	146,305
Transfer of loans and leases held for investment to loans held for sale	22,948	$ 23,321
Business combination:
Assets acquired (excluding goodwill)	2,523
Liabilities assumed	2,074
Goodwill recorded	$ 1,797

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Live Oak Bancshares, Inc. Notes to Unaudited Condensed Consolidated Financial Statements Note 1. Basis of Presentation Nature of Operations Live Oak Bancshares, Inc. (the “Company” or “LOB”) is a bank holding company headquartered in Wilmington, North Carolina incorporated under the laws of North Carolina in December 2008. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the “Bank”). The Bank was organized and incorporated under the laws of the State of North Carolina on February 25, 2008 and commenced operations on May 12, 2008. The Bank specializes in providing lending services to small businesses nationwide. The Bank identifies and grows lending to credit-worthy borrowers both within specific industries, also called verticals, through expertise within those industries, and more broadly to select borrowers outside of those industries. A significant portion of the loans originated by the Bank are guaranteed by the Small Business Administration (“SBA”) under the 7(a) Loan Program and the U.S. Department of Agriculture ("USDA") Rural Energy for America Program ("REAP"), Water and Environmental Program (“WEP”) and Business & Industry ("B&I") loan programs. The Bank’s wholly owned subsidiaries are Live Oak Number One, Inc., Live Oak Clean Energy Financing LLC (“LOCEF”), and Live Oak Private Wealth, LLC. Live Oak Private Wealth, LLC’s wholly owned subsidiary is Jolley Asset Management, LLC (“JAM”). See Business Combination discussion below for more information on this new subsidiary. The Company’s wholly owned subsidiaries are the Bank, Government Loan Solutions (“GLS ”), Live Oak Grove, LLC (“the Grove”), Live Oak Ventures, Inc. (“Live Oak Ventures”), and Canapi Advisors, LLC (“Canapi”). Live Oak Number One, Inc. holds properties foreclosed on by the Bank. GLS is a management and technology consulting firm that advises and offers solutions and services to participants in the government guaranteed lending sector. GLS primarily provides services in connection with the settlement, accounting, and securitization processes for government guaranteed loans, including loans originated under the SBA 7(a) loan programs and USDA guaranteed loans. The Grove provides Company employees and business visitors an on-site restaurant location. Live Oak Ventures’ purpose is investing in businesses that align with the Company's strategic initiative to be a leader in financial technology. LOCEF provides financing to entities for renewable energy applications and became a wholly owned subsidiary of the Bank during the first quarter of 2019. Live Oak Private Wealth, LLC and JAM provide high-net-worth individuals and families with strategic wealth and investment management services. Canapi provides investment advisory services to a series of new funds focused on providing venture capital to new and emerging financial technology companies. The Company jointly formed 504 Fund Advisors, LLC (“504FA”) to serve as the investment adviser for the 504 Fund, a closed-end mutual fund organized to invest in SBA section 504 loans. 504FA exited as advisor for the 504 Fund in May 2019 and the Company subsequently dissolved this legal entity. The Company generates revenue primarily from net interest income and secondarily through the origination and sale of government guaranteed loans. Income from the retention of loans is comprised of interest income. The Company elects to account for certain loans under the fair value option with interest reported in interest income and changes in fair value reported in the net (loss) gain on loans accounted for under the fair value option line item of the consolidated statements of income. Income from the sale of loans is comprised of loan servicing revenue and revaluation of related servicing assets along with net gains on sales of loans. Offsetting these revenues are the cost of funding sources, provision for loan and lease credit losses, any costs related to foreclosed assets and other operating costs such as salaries and employee benefits, travel, professional services, advertising and marketing and tax expense. General In the opinion of management, all adjustments necessary for a fair presentation of the financial position and results of operations for the periods presented have been included, and all intercompany transactions have been eliminated in consolidation. Results of operations for the six months ended June 30, 2020 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2020. The condensed consolidated balance sheet as of December 31, 2019 has been derived from the audited consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities Exchange Commission on February 27, 2020 (SEC File No. 001-37497) (the "2019 Annual Report"). A summary description of the significant accounting policies followed by the Company is set forth in Note 1 of the Notes to Consolidated Financial Statements in the Company’s 2019 Annual Report. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes in the Company's 2019 Annual Report. The preparation of financial statements in conformity with United States generally accepted accounting principles, or GAAP, requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Amounts in all tables in the Notes to Unaudited Condensed Consolidated Financial Statements have been presented in thousands, except percentage, time period, stock option, share and per share data or where otherwise indicated. Business Segments Management has determined that the Company has one significant operating segment, which is providing a lending platform for small businesses nationwide. In determining the appropriateness of segment definition, the Company considers the materiality of a potential segment, the components of the business about which financial information is available, and components for which management regularly evaluates relative to resource allocation and performance assessment. Reclassifications Certain reclassifications have been made to the prior period’s consolidated financial statements to place them on a comparable basis with the current year. Net income and shareholders’ equity previously reported were not affected by these reclassifications. Current period reclassifications were primarily related to fair value presentation requirements for loans in which the fair value option had previously been elected and included a reclassification of amounts representing the credit component of the fair value discount that was previously reported as a component of the allowance for credit losses on loans and leases to be netted directly against loans and leases held for investment on the Company’s consolidated balance sheet. Amounts reclassified from the allowance for credit losses on loans and leases to net directly against total loans and leases held for investment was $20.0 million, as of December 31, 2019. In addition, the change in the credit component of the fair value discount was previously reported in the provision for loan and lease credit losses while the change in the liquidity component of the fair value discount was previously reported in the loan servicing asset revaluation in the consolidated statements of income, but both have now been reclassified to net (loss) gain on loans accounted for under the fair value option. Amounts reclassified from the provision for loan and lease credit losses and the loan servicing asset revaluation to net (loss) gain on loans accounted for under the fair value option were $(51) thousand and $2.8 million, respectively, for the three months ended June 30, 2019, and $(238) thousand and $4.6 million, respectively for the six months ended June 30, 2019. The effect of the above discussed reclassifications on the consolidated balance sheet as of December 31, 2019 is reflected in the March 31, 2020 10-Q. The effect on the consolidated statements of income and consolidated statements of cash flows for each period are presented below: As Reported Reclassifications As Reclassified Consolidated Statement of Income for the three months ended June 30, 2019 Provision for loan and lease credit losses $ 3,463 $ (51 ) $ 3,412 Net interest income after provision for loan and lease credit losses 30,472 51 30,523 Loan servicing asset revaluation (403 ) (2,842 ) (3,245 ) Net (loss) gain on loans accounted for under the fair value option — 2,791 2,791 Total noninterest income 14,701 (51 ) 14,650 Net income 4,935 — 4,935 Consolidated Statement of Income for the six months ended June 30, 2019 Provision for loan and lease credit losses $ 6,205 $ 238 $ 6,443 Net interest income after provision for loan and lease credit losses 58,335 (238 ) 58,097 Loan servicing asset revaluation (2,649 ) (4,636 ) (7,285 ) Net (loss) gain on loans accounted for under the fair value option — 4,874 4,874 Total noninterest income 27,728 238 27,966 Net income 7,307 — 7,307 Consolidated Statement of Cash Flows for the six months ended June 30, 2019 Provision for loan and lease credit losses $ 6,205 $ 238 $ 6,443 Net decrease in servicing assets 5,954 — 5,954 Change in discount on unguaranteed loans (3,431 ) 3,431 — Net loss (gain) on loans accounted for under fair value option — (4,874 ) (4,874 ) Net cash used by operating activities (251,704 ) (1,205 ) (252,909 ) Loan and lease originations and principal collections, net (258,028 ) 1,205 (256,823 ) Net cash used by investing activities (451,447 ) 1,205 (450,242 ) As a result of the increase in number and diversification of the industry verticals that the Company serves, management also made changes to the loan and lease classes used in the credit quality disclosures in Note 5. Loans and leases are now grouped in one of the following classes (also referred to as divisions): Small Business Banking, Specialty Lending, or Paycheck Protection Program. Small Business Banking includes loans to customers in verticals that generally have traditional loan structures. Specialty Lending includes loans to customers in verticals that generally have atypical ownership structures as well as complex collateral arrangements, underwriting requirements, and servicing needs. Paycheck Protection Program (“PPP”) includes all loans originated under the PPP pursuant to the Coronavirus Aid, Relief, and Economic Security Act’s (“ Adoption of New Accounting Standard On January 1, 2020, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) along with its amendments, which replaces the incurred loss impairment methodology in current standards with the current expected credit loss methodology (“CECL”) and requires consideration of a broader range of information to determine credit loss estimates. ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell. The Company adopted Accounting Standards Codification (“ASC”) 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net increase to retained earnings of $822 thousand, comprised of a $1.3 million decrease in the allowance for credit losses combined with a $499 thousand increase in reserve on unfunded commitments, as of January 1, 2020 for the cumulative effect of adopting ASC 326. Allowance for Credit Losses – Loans and Leases Held for Investment The allowance for credit losses (“ACL”) is a valuation account that is deducted from, or added to, the amortized cost basis of loans and leases to present a net amount expected to be collected. The ACL excludes loans held for sale and loans accounted for under the fair value option. Loans and leases are charged-off against the ACL when management believes the uncollectibility of a loan or lease balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company’s ACL on loans and leases is estimated using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The Company’s historical credit loss experience provides the basis for the estimation of expected credit losses. Management adjusts historical loss information for differences in current risk characteristics such as portfolio risk grading, delinquency levels, or portfolio mix as well as for changes in environmental conditions such as changes in unemployment rates. The ACL is measured on a pooled basis when similar risk characteristics are present in the portfolio. The Company has identified portfolio segments based on industry and whether the receivable is secured by real estate or another form of collateral. Additional information related to the portfolio segments can be found in the Company’s 2019 Form 10-K. Expected credit losses for pooled loans and leases are estimated using a discounted cash flow (“DCF”) methodology. Loans or leases that do not share risk characteristics are evaluated on an individual basis and are excluded from the pooled evaluation. This generally occurs when, based on current information and events, it is probable that the Company will be unable to collect all interest and principal payments due according to the originally contracted, or reasonably modified, terms of the loan or lease agreement. The Company has determined that loans and leases meeting the criteria defined below must be reviewed quarterly to determine if they should be evaluated for expected credit losses on an individual basis. • All commercial loans and leases classified substandard or worse. • Any loan or lease that is on nonaccrual, or any loan or lease that is delinquent greater than 90 days past due and still accruing interest. • Any loan or lease that meets the definition of a troubled debt restructuring (“TDR”). Expected credit losses are estimated over the contractual term of the loan or lease, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless management has a reasonable expectation at the reporting date that a TDR will be executed with an individual borrower or the extension or renewal options are included in the contract at the reporting date and are not unconditionally cancellable by the Company. When the ACL, for pooled or individually evaluated loans and leases, is estimated using the DCF method, the effective interest rate used to discount expected cash flows is adjusted for expected prepayments. Past due status of loans and leases is determined based on contractual terms. Loans and leases are placed in nonaccrual status and interest accrual is discontinued if they become 90 days delinquent or there is evidence that the borrower’s ability to make the required payments is impaired. A loan or lease is accounted for as a TDR if the Company, for reasons related to the borrower’s financial difficulties, restructures a loan or lease, and grants a concession to the borrower that it would not otherwise grant. A TDR typically involves a more than short-term modification of terms such as a reduction of the interest rate below the current market rate for a loan or lease with similar risk characteristics or the waiving of certain financial covenants without corresponding offsetting compensation or additional support. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Allowance for Credit Losses – Off-Balance Sheet Credit Exposures Expected credit losses on off-balance sheet credit exposures is estimated over the contractual period in which the Company is exposed to such losses, unless the obligation to extend credit is unconditionally cancellable. The estimate of off-balance sheet credit exposures includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated losses. The estimate is influenced by historical loss experience, adjusted for current risk characteristics, and economic forecasts. Allowance for Credit Losses – Available-for-Sale Securities When available-for-sale debt securities are in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. Available-for-sale debt securities that do not meet the aforementioned criteria are evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected from the security is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale debt securities from the estimate of credit losses. Available-for-sale securities are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by management or when either of the aforementioned criteria regarding intent or requirement to sell is met. Common Stock On March 15, 2020, the Board of Directors of the Company authorized the repurchase of up to $20,000,000 in shares of the Company’s voting common stock from time to time through December 31, 2020 (the “Repurchase Program”). The Repurchase Program enables the Company to acquire shares through open market purchases or privately negotiated transactions, including through a Rule 10b5-1 plan, at the discretion of management and on terms (including quantity, timing, and price) that management determines to be advisable. Actions in connection with the repurchase program will be subject to various factors, including the Company’s capital and liquidity positions, regulatory and accounting considerations, the Company’s financial and operational performance, alternative uses of capital, the trading price of the Company’s common stock, and market conditions. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be extended, modified, or discontinued at any time. There were no shares repurchased during the three and six months ended June 30, 2020 Business Combination On April 1, 2020, the Company acquired 100% of the equity interests of JAM, a registered investment advisor based in Rocky Mount, North Carolina. Goodwill, intangible assets and contingent consideration of $1.8 million, $2.3 million and $2.1 million, respectively, have been recorded by the Company. Intangible assets are almost entirely comprised of customer relationships that are being amortized using the straight-line method over 15 years. As a result of this acquisition, the Bank's subsidiary Live Oak Private Wealth, LLC, expects to broaden service offerings to existing high-net-worth individuals and families, attract new clients from an expanded footprint and benefit from economies of scale. The acquisition did not materially impact the Company's financial position, results of operations or cash flows. Given the impact of the above acquisition was immaterial to the Company and its result of operations, pro forma information has not been included

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Note 2. Recent Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 removes, modifies and adds certain fair value disclosure requirements on fair value measurements. The Company adopted the standard on January 1, 2020 with no material effect on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract” (“ASU 2018-15”). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted the standard on January 1, 2020 with no material effect on its consolidated financial statements. In March 2019, the FASB issued ASU No. 2019-01, “Leases (Topic 842): Codification Improvements” (“ASU 2019-01”). ASU 2019-01 provides updates to Topic 842 including: (i) guidance on how to determine fair value of leased items for lessors who are not dealers or manufacturers, (ii) cash flow presentation for lessors of sales-type and direct financing leases and (iii) clarifies certain transition disclosures. The Company adopted the standard on January 1, 2020 with no material effect on its consolidated financial statements. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” (“ASU 2019-04”). ASU 2019-04 provides clarification and minor improvements related to ASU 2016-01 “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” ASU 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” and ASU 2017-12 “Derivatives and Hedging (Topic 815) - Targeted Improvements to Accounting for Hedging Activities.” The Company adopted the standard on January 1, 2020 with no material effect on its consolidated financial statements. In January 2020, the FASB issued ASU No. 2020-01, “Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)-Clarifying the Interactions between Topic 321, Topic 323, and Topic 815” (“ASU 2020-01”). ASU 2020-01 clarifies the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives including accounting for the transition into and out of the equity method and measuring certain purchased options and forward contracts to acquire investments. The amendments in this standard will be effective for the Company on January 1, 2021. The Company does not expect this standard to have a material effect on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-03, “Codification Improvements to Financial Instruments” (“ASU 2020-03”). The amendments represent clarification and improvements to the codification and correct unintended application. This standard was effective immediately upon issuance and its adoption did not have a material effect on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The amendments are effective for the Company as of March 12, 2020 through December 31, 2022. The Company does not believe this standard will have a material impact on its consolidated financial statements.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 3. Earnings Per Share Basic and diluted earnings per share are computed based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflects the potential dilution that could occur, upon the exercise of stock options or upon the vesting of restricted stock grants, any of which would result in the issuance of common stock that would then be shared in the net income of the Company. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic earnings (loss) per share: Net income (loss) $ 3,777 $ 4,935 $ (3,825 ) $ 7,307 Weighted-average basic shares outstanding 40,506,671 40,196,662 40,420,425 40,178,491 Basic earnings (loss) per share $ 0.09 $ 0.12 $ (0.10 ) $ 0.18 Diluted earnings (loss) per share: Net income (loss), for diluted earnings (loss) per share $ 3,777 $ 4,935 $ (3,825 ) $ 7,307 Total weighted-average basic shares outstanding 40,506,671 40,196,662 40,420,425 40,178,491 Add effect of dilutive stock options and restricted stock grants 615,354 801,879 677,612 801,879 Total weighted-average diluted shares outstanding 41,122,025 40,998,541 41,098,037 40,980,370 Diluted earnings (loss) per share $ 0.09 $ 0.12 $ (0.10 ) $ 0.18 Anti-dilutive shares 2,077,886 1,578,197 2,077,886 1,578,197

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Investment Securities	Note 4. Investment Securities The carrying amount of investment securities and their approximate fair values are reflected in the following table: June 30, 2020 Amortized Cost Unrealized Gains Unrealized Losses Allowance for Credit Losses Fair Value US treasury securities $ 4,997 $ 21 $ — $ — $ 5,018 US government agencies 19,942 652 — — 20,594 Mortgage-backed securities 718,285 32,329 65 — 750,549 Municipal bonds 3,277 362 6 — 3,633 Total $ 746,501 $ 33,364 $ 71 $ — $ 779,794 December 31, 2019 US treasury securities $ 4,988 $ 27 $ — $ — $ 5,015 US government agencies 22,444 335 — — 22,779 Mortgage-backed securities 488,694 15,530 927 — 503,297 Municipal bonds 8,493 469 8 — 8,954 Total $ 524,619 $ 16,361 $ 935 $ — $ 540,045 During the three months ended June 30, 2020, one US government agency matured at $2.5 million, eleven mortgage-backed securities totaling $9.6 million were sold resulting in a net gain of $114 thousand, and two municipal bonds totaling $5.2 million were sold resulting in a net gain of $620 thousand. There were no sales of securities during the three months ended June 30, 2019. During the six months ended June 30, 2020, one US government agency matured at $2.5 million, thirteen mortgage-backed securities totaling $14.2 million were sold resulting in a net gain of $35 thousand, and two municipal bonds totaling $5.2 million were sold resulting in a net gain of $620 thousand. During the six months ended June 30, 2019, $900 thousand of one municipal bond was sold resulting in a net gain of $5 thousand. Accrued interest receivable on available-for-sale securities totaled $ 2.0 1.6 The following tables show debt securities available-for-sale in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. Less Than 12 Months 12 Months or More Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 14,345 $ 41 $ 2,627 $ 24 $ 16,972 $ 65 Municipal bonds — — 94 6 94 6 Total $ 14,345 $ 41 $ 2,721 $ 30 $ 17,066 $ 71 Less Than 12 Months 12 Months or More Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 42,835 $ 460 $ 36,518 $ 467 $ 79,353 $ 927 Municipal bonds — — 92 8 92 8 Total $ 42,835 $ 460 $ 36,610 $ 475 $ 79,445 $ 935 Management evaluates available-for-sale debt securities to determine whether the unrealized loss is due to credit related factors or non-credit related factors. The evaluation considers the extent to which the security’s fair value is less than cost, the financial condition and near-term prospects of the issuer, and intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. At June 30, 2020, there were four mortgage-backed securities and one municipal bond in unrealized loss positions for greater than 12 months and five mortgage-backed securities in unrealized loss positions for less than 12 months. Unrealized losses at December 31, 2019 were comprised of twenty-two These unrealized losses are primarily the result of non-credit related volatility in the market and market interest rates. Since none of the unrealized losses relate to marketability of the securities or the issuer’s ability to honor redemption obligations and the Company has the intent and ability to hold the securities for a sufficient period of time to recover unrealized losses, none of the losses have been recognized in the Company’s consolidated statements of income. All mortgage-backed securities in the Company’s portfolio at June 30, 2020 and December 31, 2019 were backed by U.S. government sponsored enterprises (“GSEs”). The following is a summary of investment securities by maturity: June 30, 2020 Amortized cost Fair value US treasury securities Within one year $ 4,997 $ 5,018 Total 4,997 5,018 US government agencies Within one year 9,503 9,644 One to five years 7,518 7,832 Five to ten years 2,921 3,118 Total 19,942 20,594 Mortgage-backed securities One to five years 2,501 2,709 Five to ten years 217,499 236,085 After 10 years 498,285 511,755 Total 718,285 750,549 Municipal bonds After 10 years 3,277 3,633 Total 3,277 3,633 Total $ 746,501 $ 779,794 The table above reflects contractual maturities. Actual results will differ as the loans underlying the mortgage-backed securities may repay sooner than scheduled. There were no securities pledged at June 30, 2020 or December 31, 2019.

Loans and Leases Held for Inves

Loans and Leases Held for Investment and Credit Quality	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans and Leases Held for Investment and Credit Quality	Note 5. Loans and Leases Held for Investment and Credit Quality As described in Note 1. Basis of Presentation, loan and lease classes were changed during the current period. Small Business Banking includes loans to customers in verticals that generally have traditional loan structures. Specialty Lending includes loans to customers in verticals that generally have atypical ownership structures as well as complex collateral arrangements, underwriting requirements, and servicing needs. Paycheck Protection Program includes all loans originated under the CARES Act’s economic relief program and carry a 100% government guarantee. The following tables present total loans and leases and an aging analysis for the Company’s portfolio segments. Loans and leases are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Current or Less than 30 Days Past Due 30-89 Days Past Due 90 Days or More Past Due Total Past Due Total Carried at Amortized Cost 1 Loans Accounted for Under the Fair Value Option 2 Total Loans and Leases June 30, 2020 Commercial & Industrial Small Business Banking $ 405,176 $ 1,908 $ 4,028 $ 5,936 $ 411,112 $ 298,349 $ 709,461 Specialty Lending 208,564 437 155 592 209,156 70,612 279,768 Paycheck Protection Program 1,738,441 — — — 1,738,441 — 1,738,441 Total 2,352,181 2,345 4,183 6,528 2,358,709 368,961 2,727,670 Construction & Development Small Business Banking 250,479 — — — 250,479 — 250,479 Specialty Lending 61,577 3,715 — 3,715 65,292 — 65,292 Total 312,056 3,715 — 3,715 315,771 — 315,771 Commercial Real Estate Small Business Banking 666,543 — 8,089 8,089 674,632 331,152 1,005,784 Specialty Lending 192,690 5,525 1,849 7,374 200,064 24,006 224,070 Total 859,233 5,525 9,938 15,463 874,696 355,158 1,229,854 Commercial Land Small Business Banking 302,989 2,111 2,168 4,279 307,268 110,483 417,751 Total 302,989 2,111 2,168 4,279 307,268 110,483 417,751 Total $ 3,826,459 $ 13,696 $ 16,289 $ 29,985 $ 3,856,444 $ 834,602 $ 4,691,046 Net Deferred (Fees) Costs $ (40,990 ) Loan and Leases, Net of unearned $ 4,650,056 Current or Less than 30 Days Past Due 30-89 Days Past Due 90 Days or More Past Due Total Past Due Total Carried at Amortized Cost 1 Loans Accounted for Under the Fair Value Option 2 Total Loans and Leases December 31, 2019 Commercial & Industrial Small Business Banking $ 374,283 $ 7,363 $ 4,577 $ 11,940 $ 386,223 $ 275,269 $ 661,492 Specialty Lending 166,710 532 776 1,308 168,018 58,044 226,062 Total 540,993 7,895 5,353 13,248 554,241 333,313 887,554 Construction & Development Small Business Banking 302,470 — — — 302,470 — 302,470 Specialty Lending 44,848 — — — 44,848 — 44,848 Total 347,318 — — — 347,318 — 347,318 Commercial Real Estate Small Business Banking 525,858 7,210 5,586 12,796 538,654 358,359 897,013 Specialty Lending 121,191 1,849 — 1,849 123,040 27,291 150,331 Total 647,049 9,059 5,586 14,645 661,694 385,650 1,047,344 Commercial Land Small Business Banking 234,133 — — — 234,133 105,557 339,690 Total 234,133 — — — 234,133 105,557 339,690 Total $ 1,769,493 $ 16,954 $ 10,939 $ 27,893 $ 1,797,386 $ 824,520 $ 2,621,906 Net Deferred (Fees) Costs $ 5,380 Loan and Leases, Net of unearned $ 2,627,286 1 Total loans and leases include $2.47 billion of U.S. government guaranteed loans as of June 30, 2020, of which $11.1 million is 90 days or more past due, $3.5 million is past due 30-89 days and $2.46 billion are current. Total loans and leases include $622.6 million of U.S. government guaranteed loans as of December 31, 2019, of which $6.4 million is 90 days or more past due, $13.6 million is past due 30-89 days and $602.6 million are current. 2 The Company measures the carrying value of the retained portion of loans sold at fair value under ASC Subtopic 825-10. See Note 9. Fair Value of Financial Instruments for additional information. Credit Quality Indicators The following tables presents asset quality indicators by portfolio class and origination year. See Note 5. Loans and Leases Held for Investment and Credit Quality in the Company’s 2019 Form 10-K for additional discussion around the asset quality indicators that the Company uses to manage and monitor credit risk. Term Loans and Leases Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total 1,2 June 30, 2020 Small Business Banking Risk Grades 1 - 4 $ 152,493 $ 485,989 $ 316,738 $ 280,574 $ 178,817 $ 71,894 $ 32,064 $ 622 $ 1,519,191 Risk Grade 5 582 11,182 24,647 19,148 17,308 4,497 5,070 71 82,505 Risk Grades 6 - 8 — 3,270 7,619 12,389 7,929 9,972 442 175 41,796 Total 153,075 500,441 349,004 312,111 204,054 86,363 37,576 868 1,643,492 Specialty Lending Risk Grades 1 - 4 105,105 107,475 61,902 82,857 7,339 37,008 49,857 332 451,875 Risk Grade 5 — — 2,946 — 8,479 — 480 — 11,905 Risk Grades 6 - 8 — — 8,715 155 1,849 — 12 — 10,731 Total 105,105 107,475 73,563 83,012 17,667 37,008 50,349 332 474,511 Payroll Protection Program Risk Grades 1 - 4 1,738,441 — — — — — — — 1,738,441 Risk Grade 5 — — — — — — — — — Risk Grades 6 - 8 — — — — — — — — — Total 1,738,441 — — — — — — — 1,738,441 Total $ 1,996,621 $ 607,916 $ 422,567 $ 395,123 $ 221,721 $ 123,371 $ 87,925 $ 1,200 $ 3,856,444 Total 1,2 December 31, 2019 Small Business Banking Risk Grades 1 - 4 $ 1,361,220 Risk Grade 5 63,015 Risk Grades 6 - 8 37,249 Total 1,461,484 Specialty Lending Risk Grades 1 - 4 307,098 Risk Grade 5 26,497 Risk Grades 6 - 8 2,307 Total 335,902 Total $ 1,797,386 1 Total loans and leases include $2.47 billion of U.S. government guaranteed loans as of June 30, 2020, segregated by risk grade as follows: Risk Grades 1 – 4 = $2.39 billion, Risk Grade 5 = $46.0 million, Risk Grades 6 – 8 = $33.0 million. As of December 31, 2019, total loans and leases include $622.6 million of U.S. government guaranteed loans, segregated by risk grade as follows: Risk Grades 1 – 4 = $556.8 million, Risk Grade 5 = $42.7 million, Risk Grades 6 – 8 = $23.1 million. Total loans and leases exclude loans accounted for under the fair value option. 2 Excludes $834.6 million and $824.5 million of loans accounted for under the fair value option as of June 30, 2020 and December 31, 2019, respectively. Nonaccrual Loans and Leases As of June 30, 2020 and December 31, 2019 there were no loans greater than 90 days past due and still accruing. There was no interest income recognized on nonaccrual loans and leases during the three and six month periods ended June 30, 2020 or June 30, 2019. All nonaccrual loans and leases are included in the held for investment portfolio. Accrued interest receivable on loans totaled $27.2 million and $19.8 million at June 30, 2020 and December 31, 2019, respectively, and is included in other assets in the accompanying condensed consolidated balance sheets. Nonaccrual loans and leases as of June 30, 2020 and December 31, 2019 are as follows: June 30, 2020 Loan Balance 1 Guaranteed Balance Unguaranteed Balance Unguaranteed Exposure with No ACL Commercial & Industrial Small Business Banking $ 13,777 $ 11,844 $ 1,933 $ — Specialty Lending 155 155 — — Total 13,932 11,999 1,933 — Construction & Development Specialty Lending 3,715 — 3,715 3,715 Total 3,715 — 3,715 3,715 Commercial Real Estate Small Business Banking 11,501 6,654 4,847 1,841 Specialty Lending 6,849 5,137 1,712 — Total 18,350 11,791 6,559 1,841 Commercial Land Small Business Banking 4,278 3,363 915 32 Total 4,278 3,363 915 32 Total $ 40,275 $ 27,153 $ 13,122 $ 5,588 December 31, 2019 Loan Balance 1 Guaranteed Balance Unguaranteed Balance Commercial & Industrial Small Business Banking $ 6,162 $ 5,399 $ 763 Specialty Lending 776 157 619 Total 6,938 5,556 1,382 Commercial Real Estate Small Business Banking 8,245 4,130 4,115 Total 8,245 4,130 4,115 Commercial Land Small Business Banking 6,756 5,028 1,728 Total 6,756 5,028 1,728 Total $ 21,939 $ 14,714 $ 7,225 1 Excludes nonaccrual loans accounted for under the fair value option. See Note 9. Fair Value of Financial Instruments for additional information. The following table presents the amortized cost basis of collateral-dependent loans and leases, which are individually evaluated to determine expected credit losses, as of June 30, 2020: Total Collateral Dependent Loans Unguaranteed Portion June 30, 2020 Real Estate Business Assets Other Real Estate Business Assets Other Allowance for Credit Losses Commercial & Industrial Small Business Banking $ 2,468 $ 5,401 $ 207 $ 572 $ 136 $ 75 $ 161 Specialty Lending — 163 — — 8 — 8 Total 2,468 5,564 207 572 144 75 169 Commercial Real Estate Small Business Banking 8,857 — — 3,457 — — 183 Specialty Lending 1,869 — — 483 — — 3 Total 10,726 — — 3,940 — — 186 Commercial Land Small Business Banking 4,299 — — 934 — — 314 Total 4,299 — — 934 — — 314 Total $ 17,493 $ 5,564 $ 207 $ 5,446 $ 144 $ 75 $ 669 Allowance for Credit Losses - Loans and Leases On January 1, 2020 the Company adopted ASC 326. Upon adoption, the Company maintains the ACL at levels management believes represents the future expected credit losses in the loan and lease portfolios as of the balance sheet date. See Note 1. Basis of Presentation for additional information around the Company’s methodology for estimating the ACL. See Note 1. Organization and Summary of Significant Accounting Policies and Note 5. Loans and Leases Held for Investment and Credit Quality in the Company’s 2019 Form 10-K for additional information related to the Company’s methodology for estimating the prior period allowance for credit losses under ASC 310. The following table details activity in the ACL by portfolio segment allowance for the periods presented: Three Months Ended Construction & Development Commercial Real Estate Commercial & Industrial Commercial Land Total June 30, 2020 Beginning Balance $ 4,823 $ 13,110 $ 16,337 $ 1,636 $ 35,906 Charge offs — — (1,825 ) — (1,825 ) Recoveries — 15 29 — 44 Provision 38 2,972 6,962 (14 ) 9,958 Ending Balance $ 4,861 $ 16,097 $ 21,503 $ 1,622 $ 44,083 June 30, 2019 Beginning Balance $ 2,236 $ 5,379 $ 8,282 $ 1,653 $ 17,550 Charge offs — — (145 ) (24 ) (169 ) Recoveries — 6 42 — 48 Provision 688 1,463 1,162 99 3,412 Ending Balance $ 2,924 $ 6,848 $ 9,341 $ 1,728 $ 20,841 Six Months Ended Construction & Development Commercial Real Estate Commercial & Industrial Commercial Land Total June 30, 2020 Beginning Balance, prior to adoption of ASC 326 $ 2,732 $ 8,427 $ 15,757 $ 1,318 $ 28,234 Impact of adopting ASC 326 1,131 1,916 (4,561 ) 193 (1,321 ) Charge offs — (109 ) (4,170 ) (408 ) (4,687 ) Recoveries — 43 64 — 107 Provision 998 5,820 14,413 519 21,750 Ending Balance $ 4,861 $ 16,097 $ 21,503 $ 1,622 $ 44,083 June 30, 2019 Beginning Balance $ 2,042 $ 5,259 $ 6,524 $ 607 $ 14,432 Charge offs — — (145 ) (24 ) (169 ) Recoveries — 14 121 — 135 Provision 882 1,575 2,841 1,145 6,443 Ending Balance $ 2,924 $ 6,848 $ 9,341 $ 1,728 $ 20,841 During the three and six month periods ended June 30, 2020, increases to the ACL were primarily related to the severity of forecasted unemployment rates and ongoing developments as a result of the COVID-19 pandemic. Unemployment rates were forecasted for twelve months followed by a twelve-month straight-line reversion period. Additionally, the provision expense was impacted by loan and lease growth and net charge-offs during the period. The following tables represent the types of TDRs that were made during the periods presented: Three Months Ended June 30, 2020 Extended Amortization Payment Deferral Total TDRs Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Commercial & Industrial Small Business Banking — $ — 3 $ 439 3 $ 439 Total — — 3 439 3 439 Commercial Land Small Business Banking 1 4,921 — — 1 4,921 Total 1 4,921 — — 1 4,921 Total 1 $ 4,921 3 $ 439 4 $ 5,360 There were no TDRs modified during the three months ended June 30, 2019. Six Months Ended June 30, 2020 Extended Amortization Payment Deferral Total TDRs Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Commercial & Industrial Small Business Banking — $ — 5 $ 1,882 5 $ 1,882 Specialty Lending 1 224 — — 1 224 Total 1 224 5 1,882 6 2,106 Commercial Real Estate Small Business Banking — — 1 3,412 1 3,412 Total — — 1 3,412 1 3,412 Commercial Land Small Business Banking 1 4,921 — — 1 4,921 Total 1 4,921 — — 1 4,921 Total 2 $ 5,145 6 $ 5,294 8 $ 10,439 Six Months Ended June 30, 2019 Extended Amortization Payment Deferral Total TDRs Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Commercial Real Estate Small Business Banking — $ — 1 $ 1,853 1 $ 1,853 Total — — 1 1,853 1 1,853 Commercial Land Small Business Banking 1 3,475 — — 1 3,475 Total 1 3,475 — — 1 3,475 Total 1 $ 3,475 1 $ 1,853 2 $ 5,328 Concessions made to improve a loan or lease’s performance have varying degrees of success. One TDR was modified within the twelve months ended June 30, 2020 and subsequently defaulted during the three and six months ended June 30, 2020. The TDR that defaulted was a Commercial & Industrial Small Business Banking loan that had been previously modified for payment deferral and had a recorded investment of $39 The following tables detail the recorded allowance for loan and lease losses and the investment in loans and leases related to each portfolio segment, disaggregated on the basis of impairment evaluation methodology: December 31, 2019 Construction & Development Commercial Real Estate Commercial & Industrial Commercial Land Total 1,2 Allowance for loan and lease losses: Loans and leases individually evaluated for impairment $ 17 $ 2,067 $ 3,989 $ 748 $ 6,821 Loans and leases collectively evaluated for impairment 2,715 6,360 11,768 570 21,413 Total allowance for loan and lease losses $ 2,732 $ 8,427 $ 15,757 $ 1,318 $ 28,234 Loans and leases receivable: Loans and leases individually evaluated for impairment $ 719 $ 25,389 $ 14,052 $ 17,347 $ 57,507 Loans and leases collectively evaluated for impairment 346,599 636,305 540,189 216,786 1,739,879 Total loans and leases receivable $ 347,318 $ 661,694 $ 554,241 $ 234,133 $ 1,797,386 1 As of December 31, 2019, loans and leases receivable includes $622.6 million of U.S. government guaranteed loans, of which $36.0 million are considered impaired. 2 Loans and leases receivable exclude $824.5 million of loans accounted for under the fair value option. Loans and leases classified as impaired as of the dates presented are summarized in the following tables. December 31, 2019 Recorded Investment Guaranteed Balance Unguaranteed Exposure Commercial & Industrial Small Business Banking $ 11,612 $ 7,841 $ 3,771 Specialty Lending 2,440 157 2,283 Total 14,052 7,998 6,054 Construction & Development Small Business Banking 719 530 189 Total 719 530 189 Commercial Real Estate Small Business Banking 23,473 13,198 10,275 Specialty Lending 1,916 1,387 529 Total 25,389 14,585 10,804 Commercial Land Small Business Banking 17,347 12,898 4,449 Total 17,347 12,898 4,449 Total $ 57,507 $ 36,011 $ 21,496 The following table presents evaluated balances of loans and leases classified as impaired at the dates presented that carried an associated reserve as compared to those with no reserve. The recorded investment includes accrued interest and net deferred loan and lease fees or costs. December 31, 2019 Recorded Investment With a Recorded Allowance With No Recorded Allowance Total Unpaid Principal Balance Related Allowance Recorded Commercial & Industrial Small Business Banking $ 11,607 $ 5 $ 11,612 $ 12,577 $ 1,967 Specialty Lending 2,440 — 2,440 2,307 2,022 Total 14,047 5 14,052 14,884 3,989 Construction & Development Small Business Banking 719 — 719 706 17 Total 719 — 719 706 17 Commercial Real Estate Small Business Banking 21,370 2,103 23,473 23,996 2,055 Specialty Lending 1,916 — 1,916 1,849 12 Total 23,286 2,103 25,389 25,845 2,067 Commercial Land Small Business Banking 17,347 — 17,347 17,399 748 Total 17,347 — 17,347 17,399 748 Total Impaired Loans and Leases $ 55,399 $ 2,108 $ 57,507 $ 58,834 $ 6,821 The following table presents the average recorded investment of impaired loans and leases for each period presented and interest income recognized during the period in which the loans and leases were considered impaired. Three Months Ended June 30, 2019 Average Balance Interest Income Recognized Commercial & Industrial Small Business Banking $ 7,135 $ 24 Specialty Lending 765 7 Total 7,900 31 Commercial Real Estate Small Business Banking 15,945 167 Specialty Lending 1,588 — Total 17,533 167 Commercial Land Small Business Banking 18,940 236 Total 18,940 236 Total $ 44,373 $ 434 Six Months Ended June 30, 2019 Average Balance Interest Income Recognized Commercial & Industrial Small Business Banking $ 7,196 $ 54 Specialty Lending 763 24 Total 7,959 78 Commercial Real Estate Small Business Banking 16,000 309 Specialty Lending 1,588 — Total 17,588 309 Commercial Land Small Business Banking 19,000 432 Total 19,000 432 Total $ 44,547 $ 819

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 6. Leases Lessor Equipment Leasing The Company purchases new equipment for the purpose of leasing such equipment to customers within its verticals. Equipment purchased to fulfill commitments to commercial renewable energy projects is rented out under operating leases while leases of equipment outside of the renewable energy vertical are generally direct financing leases. Accordingly, leased assets under operating leases are included in premises and equipment while leased assets under direct financing leases are included in loans and leases held for investment. Direct Financing Leases Interest income on direct financing leases is recognized when earned. Unearned interest is recognized over the lease term on a basis which results in a constant rate of return on the unrecovered lease investment. The term of each lease is generally 3-7 years which is consistent with the useful life of the equipment with no residual value. The gross lease payments receivable and the net investment included in accounts receivable for such leases are as follows: June 30, 2020 December 31, 2019 Gross direct finance lease payments receivable $ 12,452 $ 13,959 Less – unearned interest (2,110 ) (2,562 ) Net investment in direct financing leases $ 10,342 $ 11,397 Future minimum lease payments under finance leases are as follows: As of June 30, 2020 Amount 2020 $ 1,606 2021 3,100 2022 2,675 2023 2,233 2024 1,591 Thereafter 1,247 Total $ 12,452 Interest income of $212 thousand and $267 thousand was recognized in the three months ended June 30, 2020 and 2019, respectively. Interest income of $445 thousand and $501 thousand was recognized in the six months ended June 30, 2020 and 2019, respectively. Operating Leases The term of each operating lease is generally 10 to 15 years. The Company retains ownership of the equipment and associated tax benefits such as investment tax credits and accelerated depreciation. At the end of the lease term, the lessee has the option to renew the lease for two additional terms or purchase the equipment at the then current fair market value. Rental revenue from operating leases is recognized on a straight-line basis over the term of the lease. Rental equipment is recorded at cost and depreciated to an estimated residual value on a straight-line basis over the estimated useful life. The useful lives generally range from 20 to 25 years and residual values generally range from 20% to 50%, however, they are subject to periodic evaluation. Changes in useful lives or residual values will impact depreciation expense and any gain or loss from the sale of used equipment. The estimated useful lives and residual values of the Company's leasing equipment are based on industry disposal experience and the Company's expectations for future sale prices. If the Company decides to sell or otherwise dispose of rental equipment, it is carried at the lower of cost or fair value less costs to sell or dispose. Repair and maintenance costs that do not extend the lives of the rental equipment are charged to direct operating expenses at the time the costs are incurred. As of June 30, 2020 and December 31, 2019, the Company had a net investment of $139.4 million and $144.3 million, respectively, in assets included in premises and equipment that are subject to operating leases. Of the net investment, the gross balance of the assets was $164.3 million as of June 30, 2020 and December 31, 2019 and accumulated depreciation was $ 24.9 Lease income of $2.4 million was recognized in the three months ended June 30, 2020 and 2019. Lease income of $4.8 million and $4.7 million was recognized in the six months ended June 30, 2020 and 2019, respectively. A maturity analysis of future minimum lease payments under non-cancelable operating leases is as follows: As of June 30, 2020 Amount 2020 $ 4,010 2021 9,052 2022 9,044 2023 9,075 2024 8,808 Thereafter 40,110 Total $ 80,099

Servicing Assets

Servicing Assets	6 Months Ended
	Jun. 30, 2020
Transfers And Servicing [Abstract]
Servicing Assets	Note 7. Servicing Assets Loans serviced for others are not included in the accompanying condensed consolidated balance sheets. The unpaid principal balances of loans serviced for others requiring recognition of a servicing asset were $2.25 billion and $2.26 billion at June 30, 2020 and December 31, 2019, respectively. The unpaid principal balance for all loans serviced for others was $3.07 billion and $2.97 billion at June 30, 2020 and December 31, 2019, respectively. The following summarizes the activity pertaining to servicing rights: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 33,532 $ 44,324 $ 35,365 $ 47,641 Additions, net 1,873 608 4,732 1,331 Fair value changes: Due to changes in valuation inputs or assumptions (123 ) 260 (2,162 ) (489 ) Decay due to increases in principal paydowns or runoff (1,448 ) (3,505 ) (4,101 ) (6,796 ) Balance at end of period $ 33,834 $ 41,687 $ 33,834 $ 41,687 The fair value of servicing rights was determined using a weighted average discount rate of 13.4% on June 30, 2020 and 2019. The fair value of servicing rights was determined using a weighted average prepayment speed of 18.7% on June 30, 2020 and 14.1% on June 30, 2019, depending on the stratification of the specific right. Changes to fair value are reported in loan servicing asset revaluation within the consolidated statements of income. The fair value of servicing rights is highly sensitive to changes in underlying assumptions. Changes in prepayment speed assumptions typically have the most significant impact on the fair value of servicing rights. Generally, as interest rates rise on variable rate loans, loan prepayments increase due to an increase in refinance activity, which results in a decrease in the fair value of servicing assets, however, weakening economic conditions or significant declines in interest rates can also increase loan prepayment activity. Measurement of fair value is limited to the conditions existing and the assumptions used as of a particular point in time, and those assumptions may not be appropriate if they are applied at a different time.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Borrowings	Note 8. Borrowings Total outstanding borrowings consisted of the following: June 30, 2020 December 31, 2019 Borrowings In 2019, the Company renewed a revolving line of credit issued in 2017. The line of credit is unsecured and accrues interest at 30-day LIBOR plus 1.15% for a term of 13 months. Payments are interest only with all principal and accrued interest due on October 20, 2020. The terms of this loan require the Company to maintain minimum capital and debt service coverage ratios. The $50.0 million line of credit was fully advanced at March 31, 2020. The Company made a principal paydown of $45.0 million on May 28, 2020 and there is $45.0 million of available credit at June 30, 2020. $ 5,000 $ — In April 2020, the Company entered into the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility ("PPPLF"). Under the PPPLF, advances must be secured by pledges of loans to small businesses originated by the Company under the U.S. Small Business Administration's 7(a) loan program titled the Paycheck Protection Program. The PPPLF accrues interest at thirty-five basis points and matures at various dates equal to the maturity date of the PPPLF collateral pledged to secure the advance, ranging from April 1, 2022 to June 24, 2022, and will be accelerated on and to the extent of any 7(a) loan forgiveness reimbursement by the SBA for any PPPLF collateral or the date of purchase by the SBA from the borrower of any PPPLF collateral. On the maturity date of each advance, the Company shall repay the advance plus accrued interest. This $1.72 billion borrowing was fully advanced at June 30, 2020. 1,716,018 — In October 2017, the Company entered into a financing lease of $19 thousand with an unaffiliated equipment lease company, secured by fitness equipment which is included in other assets on the consolidated balance sheet. Payments are principal and interest due monthly starting December 15, 2017 over a term of 60 months. At the end of the lease term there is a $1.00 bargain purchase option. As of January 1, 2019, this borrowing was revised in accordance with ASU 2016-02. 11 14 Total borrowings $ 1,721,029 $ 14 The Company may purchase federal funds through unsecured federal funds lines of credit with various correspondent banks, which totaled $72.5 million as of June 30, 2020 and December 31, 2019. These lines are intended for short-term borrowings and are subject to restrictions limiting the frequency and terms of advances. These lines of credit are payable on demand and bear interest based upon the daily federal funds rate. The Company had no outstanding balances on the lines of credit as of June 30, 2020 and December 31, 2019. The Company has entered into a repurchase agreement with a third party for $5.0 million as of June 30, 2020 and December 31, 2019. At the time the Company enters into a transaction with the third party, the Company must transfer securities or other assets against the funds received. The terms of the agreement are set at market conditions at the time the Company enters into such transaction. The Company had no outstanding balance on the repurchase agreement as of June 30, 2020 and December 31, 2019. On June 18, 2018, the Company entered into a borrowing agreement with the Federal Home Loan Bank of Atlanta. These borrowings must be secured with eligible collateral approved by the Federal Home Loan Bank of Atlanta. At June 30, 2020 and December 31, 2019, the Company had approximately $1.30 billion and $1.14 billion, respectively, in borrowing capacity available under these agreements. There is no collateral pledged and no advances outstanding as of June 30, 2020 and December 31, 2019. The Company may borrow funds through the Federal Reserve Bank’s discount window. These borrowings are secured by a blanket floating lien on qualifying loans with a balance of $1.40 billion and $526.8 million as of June 30, 2020 and December 31, 2019, respectively. At June 30, 2020 and December 31, 2019, the Company had approximately $1.03 billion and $294.5 million, respectively, in borrowing capacity available under these arrangements with no outstanding balance as of June 30, 2020 and December 31, 2019.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 9. Fair Value of Financial Instruments Fair Value Hierarchy There are three levels of inputs in the fair value hierarchy that may be used to measure fair value. Financial instruments are considered Level 1 when valuation can be based on quoted prices in active markets for identical assets or liabilities. Level 2 financial instruments are valued using quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or models using inputs that are observable or can be corroborated by observable market data of substantially the full term of the assets or liabilities. Financial instruments are considered Level 3 when their values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable and when determination of the fair value requires significant management judgment or estimation. Recurring Fair Value The following sections provide a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the fair value hierarchy: Investment securities: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, discounted cash flow or at net asset value per share. Level 2 securities would include U.S. government agency securities, mortgage-backed securities, obligations of states and political subdivisions and certain corporate, asset backed mutual fund and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. Loans held for sale: The fair values of loans held for sale are determined by discounting estimated cash flows using interest rates approximating prevailing market rates for similar loans adjusted to reflect the inherent credit risk. Loans held for investment: The fair values of loans held for investment are typically determined based on discounted cash flow analyses using market-based interest rate spreads. Discounted cash flow analyses are adjusted, as appropriate, to reflect current market conditions and borrower-specific credit risk. If the loan is collateral dependent, the fair value is determined based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date. Fair value of the loan’s collateral is determined by appraisals, independent valuation, or management’s estimation of fair value which is then adjusted for the cost related to liquidation of the collateral. Servicing assets: Servicing rights do not trade in an active, open market with readily observable prices. While sales of servicing rights do occur, the precise terms and conditions typically are not readily available. Accordingly, the Company estimates the fair value of servicing rights using discounted cash flow models incorporating numerous assumptions from the perspective of a market participant including servicing income, servicing costs, market discount rates and prepayment speeds. Due to the nature of the valuation inputs, servicing rights are classified within Level 3 of the valuation hierarchy. Mutual fund: The following mutual fund is registered with the Securities and Exchange Commission as a closed-end, non-diversified management investment company and operates as an interval fund. The fund primarily invests in the unguaranteed portion of SBA504 First Lien Loans secured by owner-occupied commercial real estate. This investment is valued using quoted prices in markets that are not active and is classified as Level 2 within the valuation hierarchy. Equity warrant assets: Fair value measurements of equity warrant assets of private companies are priced based on a Black-Scholes option pricing model to estimate the asset value by using stated strike prices, option expiration dates, risk-free interest rates and option volatility assumptions. Option volatility assumptions used in the Black-Scholes model are based on public companies that operate in similar industries as the companies in the Company’s private company portfolio. Option expiration dates are modified to account for estimates to actual life relative to stated expiration. Values are further adjusted for a general lack of liquidity due to the private nature of the associated underlying company. The Company classifies equity warrant assets within Level 3 of the valuation hierarchy. The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. June 30, 2020 Total Level 1 Level 2 Level 3 Investment securities available-for-sale US treasury securities $ 5,018 $ — $ 5,018 $ — US government agencies 20,594 — 20,594 — Mortgage-backed securities 750,549 — 750,549 — Municipal bonds 1 3,633 — 3,539 94 Loans held for sale 32,071 — — 32,071 Loans held for investment 834,602 — — 834,602 Servicing assets 2 33,834 — — 33,834 Mutual fund 2,303 — 2,303 — Equity warrant assets 3 855 — — 855 Total assets at fair value $ 1,683,459 $ — $ 782,003 $ 901,456 December 31, 2019 Total Level 1 Level 2 Level 3 Investment securities available-for-sale US treasury securities $ 5,015 $ — $ 5,015 $ — US government agencies 22,779 — 22,779 — Mortgage-backed securities 503,297 — 503,297 — Municipal bonds 1 8,954 — 8,862 92 Loans held for sale 16,198 — — 16,198 Loans held for investment 824,520 — — 824,520 Servicing assets 2 35,365 — — 35,365 Mutual fund 2,206 — 2,206 — Equity warrant assets 3 570 — — 570 Total assets at fair value $ 1,418,904 $ — $ 542,159 $ 876,745 1 During the three and six months ended June 30, 2020, the Company recorded a fair value adjustment gain of $1 thousand and $2 thousand, respectively. During the six months ended June 30, 2019, the Company sold $900 thousand of a municipal bond to a third party and recorded a fair value adjustment loss of $7 thousand. During the three months ended June 30, 2019, the Company recorded no fair value adjustment. 2 See Note 7 for a rollforward of recurring Level 3 fair values for servicing assets. 3 During the six months ended June 30 ,2020, the Company entered into equity warrant assets with a fair value of $179 thousand at the time of issuance and recorded net gains on derivative instruments of $106 thousand. During the three months ended June 30, 2020, the Company entered into equity warrant assets with a fair value of $15 thousand at the time of issuance and recorded net gains on derivative instruments of $138 thousand. During the six months ended June 30, 2019, the Company recorded net gains on derivative instruments of $193 thousand. During the three months ended June 30, 2019, the Company recorded net losses on derivative instruments of $62 thousand. Fair Value Option The Company elects to account for retained participating interests of government guaranteed loans under the fair value option in order to align the accounting presentation with the Company’s viewpoint of the economics of the loans. Interest income on loans accounted for under the fair value option is recognized in loans and fees on loans on the Company’s consolidated statements of income. There were no loans accounted for under the fair value option that were 90 days or more past due and still accruing interest at June 30, 2020 or December 31, 2019. The unpaid principal balance of unguaranteed exposure for nonaccruals was $8.5 million and $10.7 million at June 30, 2020 and December 31, 2019, respectively. The following tables provide more information about the fair value carrying amount and the unpaid principal outstanding of loans accounted for under the fair value option at June 30, 2020 and December 31, 2019. June 30, 2020 Total Loans Nonaccruals 90 Days or More Past Due Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Option Elections Loans held for sale $ 32,071 $ 34,424 $ (2,353 ) $ — $ — $ — $ — $ — $ — Loans held for investment 834,602 862,735 (28,133 ) 46,221 50,536 (4,315 ) 27,312 29,435 (2,123 ) $ 866,673 $ 897,159 $ (30,486 ) $ 46,221 $ 50,536 $ (4,315 ) $ 27,312 $ 29,435 $ (2,123 ) December 31, 2019 Total Loans Nonaccruals 90 Days or More Past Due Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Option Elections Loans held for sale $ 16,198 $ 17,230 $ (1,032 ) $ — $ — $ — $ — $ — $ — Loans held for investment 824,520 842,456 (17,936 ) 49,739 54,370 (4,631 ) 26,644 28,137 (1,493 ) $ 840,718 $ 859,686 $ (18,968 ) $ 49,739 $ 54,370 $ (4,631 ) $ 26,644 $ 28,137 $ (1,493 ) The following table presents the net gains (losses) from changes in fair value. Three Months Ended June 30, Six Months Ended June 30, Gains (Losses) on Loans Accounted for under the Fair Value Option 2020 2019 2020 2019 Loans held for sale $ (106 ) $ 822 $ 14 $ 471 Loans held for investment (983 ) 1,969 (11,741 ) 4,403 $ (1,089 ) $ 2,791 $ (11,727 ) $ 4,874 Losses related to borrower-specific credit risk were $913 thousand and $1.8 million for the three and six months ended June 30, 2020, respectively, and $1.1 million and $1.7 million for the three and six months ended June 30, 2019, respectively. The following tables summarize the activity pertaining to loans accounted for under the fair value option. Three Months Ended June 30, Six Months Ended June 30, Loans held for sale 2020 2019 2020 2019 Balance at beginning of period $ 19,151 $ 25,293 $ 16,198 $ 17,745 Issuances 13,154 6,207 16,199 19,842 Fair value changes (106 ) 822 14 471 Sales — (5,644 ) — (11,344 ) Settlements (128 ) (75 ) (340 ) (111 ) Balance at end of period $ 32,071 $ 26,603 $ 32,071 $ 26,603 Three Months Ended June 30, Six Months Ended June 30, Loans held for investment 2020 2019 2020 2019 Balance at beginning of period $ 831,426 $ 868,654 $ 824,520 $ 885,527 Issuances 37,761 24,413 99,372 54,521 Fair value changes (983 ) 1,969 (11,741 ) 4,403 Settlements (33,602 ) (55,956 ) (77,549 ) (105,371 ) Balance at end of period $ 834,602 $ 839,080 $ 834,602 $ 839,080 Non-recurring Fair Value The following sections provide a description of the valuation methodologies used for instruments measured at fair value on a non-recurring basis, as well as the general classification of such instruments pursuant to the fair value hierarchy: Collateral dependent loans : Loans are considered collateral dependent when the Company has determined that foreclosure of the collateral is probable or when a borrower is experiencing financial difficulty and the loan is expected to be repaid substantially through the operation or sale of collateral. A collateral dependent loan’s ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date. Fair value of the loan’s collateral is determined by appraisals, independent valuation, or management’s estimation of fair value which is then adjusted for the cost related to liquidation of the collateral. Collateral dependent loans are generally classified as Level 3 based on management’s judgment and estimation. Foreclosed assets: Foreclosed real estate is adjusted to fair value less selling costs upon transfer of the loans to foreclosed real estate. Subsequently, foreclosed real estate is carried at the lower of carrying value or fair value less selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. Given the lack of observable market prices for identical properties and market discounts applied to appraised values, the Company generally classifies foreclosed assets as nonrecurring Level 3. Equity security investment with a non-readily determinable fair value: The following equity security investment is measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. When an observable price change in an orderly transaction occurs, the investment is classified as nonrecurring Level 1 within the valuation hierarchy. The tables below present the recorded amount of assets and liabilities measured at fair value on a non-recurring basis. June 30, 2020 Total Level 1 Level 2 Level 3 Collateral dependent loans $ 2,056 $ — $ — $ 2,056 Foreclosed assets 5,660 — — 5,660 Total assets at fair value $ 7,716 $ — $ — $ 7,716 December 31, 2019 Total Level 1 Level 2 Level 3 Collateral dependent loans $ 1,245 $ — $ — $ 1,245 Foreclosed assets 5,612 — — 5,612 Equity security investment with a non-readily determinable fair value 8,738 8,738 — — Total assets at fair value $ 15,595 $ 8,738 $ — $ 6,857 Level 3 Analysis For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of June 30, 2020 and December 31, 2019 the significant unobservable inputs used in the fair value measurements were as follows: June 30, 2020 Level 3 Assets with Significant Unobservable Inputs Fair Value Valuation Technique Significant Unobservable Inputs Range Recurring fair value Municipal bond $ 94 Discounted expected cash flows Discount rate Prepayment speed 4.1% 5.0% Loans held for sale $ 32,071 Discounted expected cash flows Discount rate Prepayment speed 5.1% to 21.1% WAVG 18.6% Loans held for investment $ 834,602 Discounted expected cash flows Discounted appraisals Loss rate Discount rate Prepayment speed Appraisal adjustments 0.0% to 74.2% (WAVG 1.8%) 5.1% to 21.1% WAVG 18.6% 10% to 45% Equity warrant assets $ 855 Black-Scholes option pricing model Volatility Risk-free interest rate Marketability discount Remaining life 25.8 to 84.9% 0.66% 20.0% 5-10 years Non-recurring fair value Collateral dependent loans $ 2,056 Discounted appraisals Appraisal adjustments (1) 10.0% to 55.0% Foreclosed assets $ 5,660 Discounted appraisals Appraisal adjustments (1) 4.0% to 14.5% December 31, 2019 Level 3 Assets with Significant Unobservable Inputs Fair Value Valuation Technique Significant Unobservable Inputs Range Recurring fair value Municipal bond $ 92 Discounted expected cash flows Discount rate Prepayment speed 4.6% 5.0% Loans held for sale $ 16,198 Discounted expected cash flows Discount rate Prepayment speed 7.7% to 21.4% WAVG 13.1% Loans held for investment $ 824,520 Discounted expected cash flows Discounted appraisals Loss rate Discount rate Prepayment speed Appraisal adjustments 0.0% to 10.9% (WAVG 1.3%) 7.7% to 21.4% WAVG 13.1% 10.0% to 70.0% Equity warrant assets $ 570 Black-Scholes option pricing model Volatility Risk-free interest rate Marketability discount Remaining life 21.0-75.0% 1.90% 20.0% 8-10 years Non-recurring fair value Collateral dependent loans $ 1,245 Discounted appraisals Appraisal adjustments (1) 10.0% to 57.0% Foreclosed assets $ 5,612 Discounted appraisals Appraisal adjustments (1) 10.0% to 37.0% (1) Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments. Estimated Fair Value of Other Financial Instruments GAAP also requires disclosure of the fair value of financial instruments carried at book value on the consolidated balance sheets. The carrying amounts and estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis are as follows: June 30, 2020 Carrying Amount Quoted Price In Active Markets for Identical Assets /Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial assets Cash and due from banks $ 1,256,958 $ 1,256,958 $ — $ — $ 1,256,958 Federal funds sold 91,188 91,188 — — 91,188 Certificates of deposit with other banks 7,250 7,753 — — 7,753 Loans held for sale 944,523 — — 1,022,635 1,022,635 Loans and leases, net of allowance for credit losses on loans and leases 3,771,371 — — 3,928,595 3,928,595 Financial liabilities Deposits 5,873,292 — 5,935,529 — 5,935,529 Borrowings 1,721,029 — — 1,718,449 1,718,449 December 31, 2019 Carrying Amount Quoted Price In Active Markets for Identical Assets /Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial assets Cash and due from banks $ 124,610 $ 124,610 $ — $ — $ 124,610 Federal funds sold 96,787 96,787 — — 96,787 Certificates of deposit with other banks 7,250 7,568 — — 7,568 Loans held for sale 950,249 — — 1,004,135 1,004,135 Loans and leases, net of allowance for credit losses on loans and leases 1,774,532 — — 1,822,569 1,822,569 Financial liabilities Deposits 4,226,980 — 4,211,522 — 4,211,522 Borrowings 14 — — 14 14

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Commitments and Contingencies	Note 10. Commitments and Contingencies Litigation In the normal course of business the Company is involved in various legal proceedings. Management believes that the outcome of such proceedings will not materially affect the financial position, results of operations or cash flows of the Company. Financial Instruments with Off-balance-sheet Risk The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, credit risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as for on-balance-sheet instruments. A summary of the Company’s commitments is as follows: June 30, 2020 December 31, 2019 Commitments to extend credit $ 1,575,314 $ 1,834,449 Standby letters of credit 26,997 25,532 Total unfunded off-balance-sheet credit risk $ 1,602,311 $ 1,859,981 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. Collateral held varies, but may include accounts receivable, inventory, property and equipment, residential real estate and income-producing commercial properties. In 2012, the Company began issuing commitment letters after approval of the loan by the Credit Department. Commitment letters generally expire ninety days after issuance. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held varies as specified above and is required in instances which the Company deems necessary. As of June 30, 2020 and December 31, 2019, the Company had unfunded commitments to provide capital contributions for on-balance-sheet investments in the amount of $16.8 million and $16.9 million, respectively. Concentrations of Credit Risk Although the Company is not subject to any geographic concentrations, a substantial amount of the Company’s loans, leases, and commitments to extend credit have been granted to customers in the agriculture, healthcare and veterinary verticals. The concentrations of credit by type of loan are set forth in Note 5. The distribution of commitments to extend credit approximates the distribution of loans outstanding. The Company does not have a significant number of credits to any single borrower or group of related borrowers whereby their retained unguaranteed exposure exceeds $7.5 million, except for 34 relationships that have a retained unguaranteed exposure of $422.3 million of which $248.4 million of the unguaranteed exposure has been disbursed. Additionally, the Company has future minimum lease payments due under non-cancelable operating leases totaling $80.1 million, of which $57.4 million is due from four relationships. The Company from time-to-time may have cash and cash equivalents on deposit with financial institutions that exceed federally-insured limits.

Stock Plans

Stock Plans	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Plans	Note 1 1 . Stock Plans On March 20, 2015, the Company adopted the 2015 Omnibus Stock Incentive Plan which replaced the previously existing Amended Incentive Stock Option Plan and Nonstatutory Stock Option Plan. Subsequently on May 24, 2016, the 2015 Omnibus Stock Incentive Plan was amended to authorize awards covering a maximum of 7,000,000 common voting shares and has an expiration date of March 20, 2025. On May 15, 2018, the Amended and Restated 2015 Omnibus Stock Incentive Plan was amended to authorize awards covering a maximum of 8,750,000 common voting shares. Options or restricted shares granted under the Amended and Restated 2015 Omnibus Stock Incentive Plan (the "Plan") expire no more than 10 years from the date of grant. Exercise prices under the Plan are set by the Board of Directors at the date of grant, but shall not be less than 100% of fair market value of the related stock at the date of the grant. Options vest over a minimum of three years from the date of the grant. Restricted stock grants vest in equal installments ranging from immediate vesting to over a seven year period from the date of the grant. Market Restricted Stock Units also have a restriction based on the passage of time and non-market-related performance criteria, but also have a restriction based on market price criteria related to the Company’s share price closing at or above a specified price defined at time of grant. Stock Options There were no stock options granted during the three and six months ended June 30, 2020. At June 30, 2020, unrecognized compensation costs relating to stock options amounted to $3.2 million which will be recognized over a weighted average period of 2.11 years. Restricted Stock Restricted stock awards are authorized in the form of restricted stock awards or units ("RSU"s) and restricted stock awards or units with a market price condition ("Market RSU"s). RSUs have a restriction based on the passage of time and may also have a restriction based on a non-market-related performance criteria. The fair value of the RSUs is based on the closing price on the date of the grant. Market RSUs also have a restriction based on the passage of time and non-market-related performance criteria, but also have a restriction based on market price criteria related to the Company’s share price closing at or above a specified price ranging from $34.00 to $55.00 per share for at least twenty (20) consecutive trading days at any time prior to expiration date. The amount of Market RSUs earned will not exceed 100% of the Market RSUs awarded. The fair value of the Market RSUs and the implied service period is calculated using the Monte Carlo simulation method. For the three months ended June 30, 2020, 58,348 RSUs were granted with a weighted average grant date fair value of $12.52. For the six months ended June 30, 2020, 541,679 RSUs were granted with a weighted average grant date fair value of $17.39. Of the RSUs granted in the six month period, 447,273 were awarded in connection with annual long term incentive stock compensation. At June 30, 2020, unrecognized compensation costs relating to RSUs amounted to $15.9 million which will be recognized over a weighted average period of 4.61 years. There were no Market RSUs granted during the three and six months ended June 30, 2020. At June 30, 2020, unrecognized compensation costs relating to Market RSUs amounted to $8.0 million which will be recognized over a weighted average period of 2.91 years.

Significant Equity Method Inves

Significant Equity Method Investments	6 Months Ended
	Jun. 30, 2020
Equity Method Investments And Joint Ventures [Abstract]
Significant Equity Method Investments	Note 12. Significant Equity Method Investments In accordance with Rule 10-01(b)(1) of Regulation S-X, the Company must assess whether any of its equity method investments are significant equity method investments. In evaluating the significance of these investments, the Company performed the income test and the investment test described in S-X 3-05 and S-X 1-02(w). Rule 10-01(b)(1) of Regulation S-X requires summarized financial information in a quarterly report if any of the two tests exceeds 20%. Under the income test, the Company’s proportionate share of its equity method investees' aggregated net losses exceeded the applicable threshold of 20% and is accordingly required to provide summarized financial information for these investees for all periods presented in this Form 10-Q. The following table provides summarized balance sheet information for the Company’s equity method investments as of June 30, 2020 and December 31, 2019. The Company’s equity method investments are included in the other assets line on the condensed consolidated balance sheets and are largely concentrated in new or emerging financial service technology companies. June 30, 2020 December 31, 2019 Balance sheet data Current assets $ 47,724 $ 56,710 Noncurrent assets 175,022 162,304 Total assets $ 222,746 $ 219,014 Current liabilities $ 22,698 $ 19,910 Noncurrent liabilities 451 683 Total liabilities 23,149 20,593 Equity interests 199,597 198,421 Total liabilities and equity $ 222,746 $ 219,014 The following table provides summarized income statement information for the Company’s equity method investments for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Summary of operations Total revenues $ 16,180 $ 13,851 $ 31,972 $ 27,240 Net loss (13,053 ) (6,100 ) (29,486 ) (13,220 )

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
General	General In the opinion of management, all adjustments necessary for a fair presentation of the financial position and results of operations for the periods presented have been included, and all intercompany transactions have been eliminated in consolidation. Results of operations for the six months ended June 30, 2020 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2020. The condensed consolidated balance sheet as of December 31, 2019 has been derived from the audited consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Securities Exchange Commission on February 27, 2020 (SEC File No. 001-37497) (the "2019 Annual Report"). A summary description of the significant accounting policies followed by the Company is set forth in Note 1 of the Notes to Consolidated Financial Statements in the Company’s 2019 Annual Report. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes in the Company's 2019 Annual Report. The preparation of financial statements in conformity with United States generally accepted accounting principles, or GAAP, requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Amounts in all tables in the Notes to Unaudited Condensed Consolidated Financial Statements have been presented in thousands, except percentage, time period, stock option, share and per share data or where otherwise indicated.
Business Segments	Business Segments Management has determined that the Company has one significant operating segment, which is providing a lending platform for small businesses nationwide. In determining the appropriateness of segment definition, the Company considers the materiality of a potential segment, the components of the business about which financial information is available, and components for which management regularly evaluates relative to resource allocation and performance assessment.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior period’s consolidated financial statements to place them on a comparable basis with the current year. Net income and shareholders’ equity previously reported were not affected by these reclassifications. Current period reclassifications were primarily related to fair value presentation requirements for loans in which the fair value option had previously been elected and included a reclassification of amounts representing the credit component of the fair value discount that was previously reported as a component of the allowance for credit losses on loans and leases to be netted directly against loans and leases held for investment on the Company’s consolidated balance sheet. Amounts reclassified from the allowance for credit losses on loans and leases to net directly against total loans and leases held for investment was $20.0 million, as of December 31, 2019. In addition, the change in the credit component of the fair value discount was previously reported in the provision for loan and lease credit losses while the change in the liquidity component of the fair value discount was previously reported in the loan servicing asset revaluation in the consolidated statements of income, but both have now been reclassified to net (loss) gain on loans accounted for under the fair value option. Amounts reclassified from the provision for loan and lease credit losses and the loan servicing asset revaluation to net (loss) gain on loans accounted for under the fair value option were $(51) thousand and $2.8 million, respectively, for the three months ended June 30, 2019, and $(238) thousand and $4.6 million, respectively for the six months ended June 30, 2019. The effect of the above discussed reclassifications on the consolidated balance sheet as of December 31, 2019 is reflected in the March 31, 2020 10-Q. The effect on the consolidated statements of income and consolidated statements of cash flows for each period are presented below: As Reported Reclassifications As Reclassified Consolidated Statement of Income for the three months ended June 30, 2019 Provision for loan and lease credit losses $ 3,463 $ (51 ) $ 3,412 Net interest income after provision for loan and lease credit losses 30,472 51 30,523 Loan servicing asset revaluation (403 ) (2,842 ) (3,245 ) Net (loss) gain on loans accounted for under the fair value option — 2,791 2,791 Total noninterest income 14,701 (51 ) 14,650 Net income 4,935 — 4,935 Consolidated Statement of Income for the six months ended June 30, 2019 Provision for loan and lease credit losses $ 6,205 $ 238 $ 6,443 Net interest income after provision for loan and lease credit losses 58,335 (238 ) 58,097 Loan servicing asset revaluation (2,649 ) (4,636 ) (7,285 ) Net (loss) gain on loans accounted for under the fair value option — 4,874 4,874 Total noninterest income 27,728 238 27,966 Net income 7,307 — 7,307 Consolidated Statement of Cash Flows for the six months ended June 30, 2019 Provision for loan and lease credit losses $ 6,205 $ 238 $ 6,443 Net decrease in servicing assets 5,954 — 5,954 Change in discount on unguaranteed loans (3,431 ) 3,431 — Net loss (gain) on loans accounted for under fair value option — (4,874 ) (4,874 ) Net cash used by operating activities (251,704 ) (1,205 ) (252,909 ) Loan and lease originations and principal collections, net (258,028 ) 1,205 (256,823 ) Net cash used by investing activities (451,447 ) 1,205 (450,242 ) As a result of the increase in number and diversification of the industry verticals that the Company serves, management also made changes to the loan and lease classes used in the credit quality disclosures in Note 5. Loans and leases are now grouped in one of the following classes (also referred to as divisions): Small Business Banking, Specialty Lending, or Paycheck Protection Program. Small Business Banking includes loans to customers in verticals that generally have traditional loan structures. Specialty Lending includes loans to customers in verticals that generally have atypical ownership structures as well as complex collateral arrangements, underwriting requirements, and servicing needs. Paycheck Protection Program (“PPP”) includes all loans originated under the PPP pursuant to the Coronavirus Aid, Relief, and Economic Security Act’s (“
Adoption of New Accounting Standard	Adoption of New Accounting Standard On January 1, 2020, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) along with its amendments, which replaces the incurred loss impairment methodology in current standards with the current expected credit loss methodology (“CECL”) and requires consideration of a broader range of information to determine credit loss estimates. ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell. The Company adopted Accounting Standards Codification (“ASC”) 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company recorded a net increase to retained earnings of $822 thousand, comprised of a $1.3 million decrease in the allowance for credit losses combined with a $499 thousand increase in reserve on unfunded commitments, as of January 1, 2020 for the cumulative effect of adopting ASC 326. Allowance for Credit Losses – Loans and Leases Held for Investment The allowance for credit losses (“ACL”) is a valuation account that is deducted from, or added to, the amortized cost basis of loans and leases to present a net amount expected to be collected. The ACL excludes loans held for sale and loans accounted for under the fair value option. Loans and leases are charged-off against the ACL when management believes the uncollectibility of a loan or lease balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company’s ACL on loans and leases is estimated using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The Company’s historical credit loss experience provides the basis for the estimation of expected credit losses. Management adjusts historical loss information for differences in current risk characteristics such as portfolio risk grading, delinquency levels, or portfolio mix as well as for changes in environmental conditions such as changes in unemployment rates. The ACL is measured on a pooled basis when similar risk characteristics are present in the portfolio. The Company has identified portfolio segments based on industry and whether the receivable is secured by real estate or another form of collateral. Additional information related to the portfolio segments can be found in the Company’s 2019 Form 10-K. Expected credit losses for pooled loans and leases are estimated using a discounted cash flow (“DCF”) methodology. Loans or leases that do not share risk characteristics are evaluated on an individual basis and are excluded from the pooled evaluation. This generally occurs when, based on current information and events, it is probable that the Company will be unable to collect all interest and principal payments due according to the originally contracted, or reasonably modified, terms of the loan or lease agreement. The Company has determined that loans and leases meeting the criteria defined below must be reviewed quarterly to determine if they should be evaluated for expected credit losses on an individual basis. • All commercial loans and leases classified substandard or worse. • Any loan or lease that is on nonaccrual, or any loan or lease that is delinquent greater than 90 days past due and still accruing interest. • Any loan or lease that meets the definition of a troubled debt restructuring (“TDR”). Expected credit losses are estimated over the contractual term of the loan or lease, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless management has a reasonable expectation at the reporting date that a TDR will be executed with an individual borrower or the extension or renewal options are included in the contract at the reporting date and are not unconditionally cancellable by the Company. When the ACL, for pooled or individually evaluated loans and leases, is estimated using the DCF method, the effective interest rate used to discount expected cash flows is adjusted for expected prepayments. Past due status of loans and leases is determined based on contractual terms. Loans and leases are placed in nonaccrual status and interest accrual is discontinued if they become 90 days delinquent or there is evidence that the borrower’s ability to make the required payments is impaired. A loan or lease is accounted for as a TDR if the Company, for reasons related to the borrower’s financial difficulties, restructures a loan or lease, and grants a concession to the borrower that it would not otherwise grant. A TDR typically involves a more than short-term modification of terms such as a reduction of the interest rate below the current market rate for a loan or lease with similar risk characteristics or the waiving of certain financial covenants without corresponding offsetting compensation or additional support. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Allowance for Credit Losses – Off-Balance Sheet Credit Exposures Expected credit losses on off-balance sheet credit exposures is estimated over the contractual period in which the Company is exposed to such losses, unless the obligation to extend credit is unconditionally cancellable. The estimate of off-balance sheet credit exposures includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated losses. The estimate is influenced by historical loss experience, adjusted for current risk characteristics, and economic forecasts. Allowance for Credit Losses – Available-for-Sale Securities When available-for-sale debt securities are in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. Available-for-sale debt securities that do not meet the aforementioned criteria are evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected from the security is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale debt securities from the estimate of credit losses. Available-for-sale securities are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by management or when either of the aforementioned criteria regarding intent or requirement to sell is met.
Business Combination	Business Combination On April 1, 2020, the Company acquired 100% of the equity interests of JAM, a registered investment advisor based in Rocky Mount, North Carolina. Goodwill, intangible assets and contingent consideration of $1.8 million, $2.3 million and $2.1 million, respectively, have been recorded by the Company. Intangible assets are almost entirely comprised of customer relationships that are being amortized using the straight-line method over 15 years. As a result of this acquisition, the Bank's subsidiary Live Oak Private Wealth, LLC, expects to broaden service offerings to existing high-net-worth individuals and families, attract new clients from an expanded footprint and benefit from economies of scale. The acquisition did not materially impact the Company's financial position, results of operations or cash flows. Given the impact of the above acquisition was immaterial to the Company and its result of operations, pro forma information has not been included
Common Stock
Equity	Common Stock On March 15, 2020, the Board of Directors of the Company authorized the repurchase of up to $20,000,000 in shares of the Company’s voting common stock from time to time through December 31, 2020 (the “Repurchase Program”). The Repurchase Program enables the Company to acquire shares through open market purchases or privately negotiated transactions, including through a Rule 10b5-1 plan, at the discretion of management and on terms (including quantity, timing, and price) that management determines to be advisable. Actions in connection with the repurchase program will be subject to various factors, including the Company’s capital and liquidity positions, regulatory and accounting considerations, the Company’s financial and operational performance, alternative uses of capital, the trading price of the Company’s common stock, and market conditions. The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be extended, modified, or discontinued at any time. There were no shares repurchased during the three and six months ended June 30, 2020

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Effect of Reclassifications on Consolidated Balance Sheets, Consolidated Statements of Income, and Consolidated Statements of Cash Flows	The effect of the above discussed reclassifications on the consolidated balance sheet as of December 31, 2019 is reflected in the March 31, 2020 10-Q. The effect on the consolidated statements of income and consolidated statements of cash flows for each period are presented below: As Reported Reclassifications As Reclassified Consolidated Statement of Income for the three months ended June 30, 2019 Provision for loan and lease credit losses $ 3,463 $ (51 ) $ 3,412 Net interest income after provision for loan and lease credit losses 30,472 51 30,523 Loan servicing asset revaluation (403 ) (2,842 ) (3,245 ) Net (loss) gain on loans accounted for under the fair value option — 2,791 2,791 Total noninterest income 14,701 (51 ) 14,650 Net income 4,935 — 4,935 Consolidated Statement of Income for the six months ended June 30, 2019 Provision for loan and lease credit losses $ 6,205 $ 238 $ 6,443 Net interest income after provision for loan and lease credit losses 58,335 (238 ) 58,097 Loan servicing asset revaluation (2,649 ) (4,636 ) (7,285 ) Net (loss) gain on loans accounted for under the fair value option — 4,874 4,874 Total noninterest income 27,728 238 27,966 Net income 7,307 — 7,307 Consolidated Statement of Cash Flows for the six months ended June 30, 2019 Provision for loan and lease credit losses $ 6,205 $ 238 $ 6,443 Net decrease in servicing assets 5,954 — 5,954 Change in discount on unguaranteed loans (3,431 ) 3,431 — Net loss (gain) on loans accounted for under fair value option — (4,874 ) (4,874 ) Net cash used by operating activities (251,704 ) (1,205 ) (252,909 ) Loan and lease originations and principal collections, net (258,028 ) 1,205 (256,823 ) Net cash used by investing activities (451,447 ) 1,205 (450,242 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	Basic and diluted earnings per share are computed based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflects the potential dilution that could occur, upon the exercise of stock options or upon the vesting of restricted stock grants, any of which would result in the issuance of common stock that would then be shared in the net income of the Company. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic earnings (loss) per share: Net income (loss) $ 3,777 $ 4,935 $ (3,825 ) $ 7,307 Weighted-average basic shares outstanding 40,506,671 40,196,662 40,420,425 40,178,491 Basic earnings (loss) per share $ 0.09 $ 0.12 $ (0.10 ) $ 0.18 Diluted earnings (loss) per share: Net income (loss), for diluted earnings (loss) per share $ 3,777 $ 4,935 $ (3,825 ) $ 7,307 Total weighted-average basic shares outstanding 40,506,671 40,196,662 40,420,425 40,178,491 Add effect of dilutive stock options and restricted stock grants 615,354 801,879 677,612 801,879 Total weighted-average diluted shares outstanding 41,122,025 40,998,541 41,098,037 40,980,370 Diluted earnings (loss) per share $ 0.09 $ 0.12 $ (0.10 ) $ 0.18 Anti-dilutive shares 2,077,886 1,578,197 2,077,886 1,578,197

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Summary of Carrying Amount and Fair Value of Securities	The carrying amount of investment securities and their approximate fair values are reflected in the following table: June 30, 2020 Amortized Cost Unrealized Gains Unrealized Losses Allowance for Credit Losses Fair Value US treasury securities $ 4,997 $ 21 $ — $ — $ 5,018 US government agencies 19,942 652 — — 20,594 Mortgage-backed securities 718,285 32,329 65 — 750,549 Municipal bonds 3,277 362 6 — 3,633 Total $ 746,501 $ 33,364 $ 71 $ — $ 779,794 December 31, 2019 US treasury securities $ 4,988 $ 27 $ — $ — $ 5,015 US government agencies 22,444 335 — — 22,779 Mortgage-backed securities 488,694 15,530 927 — 503,297 Municipal bonds 8,493 469 8 — 8,954 Total $ 524,619 $ 16,361 $ 935 $ — $ 540,045
Debt Securities Available-for-Sale in Unrealized Loss Position	The following tables show debt securities available-for-sale in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. Less Than 12 Months 12 Months or More Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 14,345 $ 41 $ 2,627 $ 24 $ 16,972 $ 65 Municipal bonds — — 94 6 94 6 Total $ 14,345 $ 41 $ 2,721 $ 30 $ 17,066 $ 71 Less Than 12 Months 12 Months or More Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 42,835 $ 460 $ 36,518 $ 467 $ 79,353 $ 927 Municipal bonds — — 92 8 92 8 Total $ 42,835 $ 460 $ 36,610 $ 475 $ 79,445 $ 935
Summary of Investment Securities by Maturity	The following is a summary of investment securities by maturity: June 30, 2020 Amortized cost Fair value US treasury securities Within one year $ 4,997 $ 5,018 Total 4,997 5,018 US government agencies Within one year 9,503 9,644 One to five years 7,518 7,832 Five to ten years 2,921 3,118 Total 19,942 20,594 Mortgage-backed securities One to five years 2,501 2,709 Five to ten years 217,499 236,085 After 10 years 498,285 511,755 Total 718,285 750,549 Municipal bonds After 10 years 3,277 3,633 Total 3,277 3,633 Total $ 746,501 $ 779,794

Loans and Leases Held for Inv_2

Loans and Leases Held for Investment and Credit Quality (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Summary of Total Loans and Leases and Aging Analysis of Portfolio Segments	The following tables present total loans and leases and an aging analysis for the Company’s portfolio segments. Loans and leases are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Current or Less than 30 Days Past Due 30-89 Days Past Due 90 Days or More Past Due Total Past Due Total Carried at Amortized Cost 1 Loans Accounted for Under the Fair Value Option 2 Total Loans and Leases June 30, 2020 Commercial & Industrial Small Business Banking $ 405,176 $ 1,908 $ 4,028 $ 5,936 $ 411,112 $ 298,349 $ 709,461 Specialty Lending 208,564 437 155 592 209,156 70,612 279,768 Paycheck Protection Program 1,738,441 — — — 1,738,441 — 1,738,441 Total 2,352,181 2,345 4,183 6,528 2,358,709 368,961 2,727,670 Construction & Development Small Business Banking 250,479 — — — 250,479 — 250,479 Specialty Lending 61,577 3,715 — 3,715 65,292 — 65,292 Total 312,056 3,715 — 3,715 315,771 — 315,771 Commercial Real Estate Small Business Banking 666,543 — 8,089 8,089 674,632 331,152 1,005,784 Specialty Lending 192,690 5,525 1,849 7,374 200,064 24,006 224,070 Total 859,233 5,525 9,938 15,463 874,696 355,158 1,229,854 Commercial Land Small Business Banking 302,989 2,111 2,168 4,279 307,268 110,483 417,751 Total 302,989 2,111 2,168 4,279 307,268 110,483 417,751 Total $ 3,826,459 $ 13,696 $ 16,289 $ 29,985 $ 3,856,444 $ 834,602 $ 4,691,046 Net Deferred (Fees) Costs $ (40,990 ) Loan and Leases, Net of unearned $ 4,650,056 Current or Less than 30 Days Past Due 30-89 Days Past Due 90 Days or More Past Due Total Past Due Total Carried at Amortized Cost 1 Loans Accounted for Under the Fair Value Option 2 Total Loans and Leases December 31, 2019 Commercial & Industrial Small Business Banking $ 374,283 $ 7,363 $ 4,577 $ 11,940 $ 386,223 $ 275,269 $ 661,492 Specialty Lending 166,710 532 776 1,308 168,018 58,044 226,062 Total 540,993 7,895 5,353 13,248 554,241 333,313 887,554 Construction & Development Small Business Banking 302,470 — — — 302,470 — 302,470 Specialty Lending 44,848 — — — 44,848 — 44,848 Total 347,318 — — — 347,318 — 347,318 Commercial Real Estate Small Business Banking 525,858 7,210 5,586 12,796 538,654 358,359 897,013 Specialty Lending 121,191 1,849 — 1,849 123,040 27,291 150,331 Total 647,049 9,059 5,586 14,645 661,694 385,650 1,047,344 Commercial Land Small Business Banking 234,133 — — — 234,133 105,557 339,690 Total 234,133 — — — 234,133 105,557 339,690 Total $ 1,769,493 $ 16,954 $ 10,939 $ 27,893 $ 1,797,386 $ 824,520 $ 2,621,906 Net Deferred (Fees) Costs $ 5,380 Loan and Leases, Net of unearned $ 2,627,286 1 Total loans and leases include $2.47 billion of U.S. government guaranteed loans as of June 30, 2020, of which $11.1 million is 90 days or more past due, $3.5 million is past due 30-89 days and $2.46 billion are current. Total loans and leases include $622.6 million of U.S. government guaranteed loans as of December 31, 2019, of which $6.4 million is 90 days or more past due, $13.6 million is past due 30-89 days and $602.6 million are current. 2 The Company measures the carrying value of the retained portion of loans sold at fair value under ASC Subtopic 825-10. See Note 9. Fair Value of Financial Instruments for additional information.
Summary of Asset Quality Indicators by Portfolio Class and Origination Year	The following tables presents asset quality indicators by portfolio class and origination year. See Note 5. Loans and Leases Held for Investment and Credit Quality in the Company’s 2019 Form 10-K for additional discussion around the asset quality indicators that the Company uses to manage and monitor credit risk. Term Loans and Leases Amortized Cost Basis by Origination Year 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total 1,2 June 30, 2020 Small Business Banking Risk Grades 1 - 4 $ 152,493 $ 485,989 $ 316,738 $ 280,574 $ 178,817 $ 71,894 $ 32,064 $ 622 $ 1,519,191 Risk Grade 5 582 11,182 24,647 19,148 17,308 4,497 5,070 71 82,505 Risk Grades 6 - 8 — 3,270 7,619 12,389 7,929 9,972 442 175 41,796 Total 153,075 500,441 349,004 312,111 204,054 86,363 37,576 868 1,643,492 Specialty Lending Risk Grades 1 - 4 105,105 107,475 61,902 82,857 7,339 37,008 49,857 332 451,875 Risk Grade 5 — — 2,946 — 8,479 — 480 — 11,905 Risk Grades 6 - 8 — — 8,715 155 1,849 — 12 — 10,731 Total 105,105 107,475 73,563 83,012 17,667 37,008 50,349 332 474,511 Payroll Protection Program Risk Grades 1 - 4 1,738,441 — — — — — — — 1,738,441 Risk Grade 5 — — — — — — — — — Risk Grades 6 - 8 — — — — — — — — — Total 1,738,441 — — — — — — — 1,738,441 Total $ 1,996,621 $ 607,916 $ 422,567 $ 395,123 $ 221,721 $ 123,371 $ 87,925 $ 1,200 $ 3,856,444 Total 1,2 December 31, 2019 Small Business Banking Risk Grades 1 - 4 $ 1,361,220 Risk Grade 5 63,015 Risk Grades 6 - 8 37,249 Total 1,461,484 Specialty Lending Risk Grades 1 - 4 307,098 Risk Grade 5 26,497 Risk Grades 6 - 8 2,307 Total 335,902 Total $ 1,797,386 1 Total loans and leases include $2.47 billion of U.S. government guaranteed loans as of June 30, 2020, segregated by risk grade as follows: Risk Grades 1 – 4 = $2.39 billion, Risk Grade 5 = $46.0 million, Risk Grades 6 – 8 = $33.0 million. As of December 31, 2019, total loans and leases include $622.6 million of U.S. government guaranteed loans, segregated by risk grade as follows: Risk Grades 1 – 4 = $556.8 million, Risk Grade 5 = $42.7 million, Risk Grades 6 – 8 = $23.1 million. Total loans and leases exclude loans accounted for under the fair value option. 2 Excludes $834.6 million and $824.5 million of loans accounted for under the fair value option as of June 30, 2020 and December 31, 2019, respectively.
Nonaccrual Loans and Leases	Nonaccrual loans and leases as of June 30, 2020 and December 31, 2019 are as follows: June 30, 2020 Loan Balance 1 Guaranteed Balance Unguaranteed Balance Unguaranteed Exposure with No ACL Commercial & Industrial Small Business Banking $ 13,777 $ 11,844 $ 1,933 $ — Specialty Lending 155 155 — — Total 13,932 11,999 1,933 — Construction & Development Specialty Lending 3,715 — 3,715 3,715 Total 3,715 — 3,715 3,715 Commercial Real Estate Small Business Banking 11,501 6,654 4,847 1,841 Specialty Lending 6,849 5,137 1,712 — Total 18,350 11,791 6,559 1,841 Commercial Land Small Business Banking 4,278 3,363 915 32 Total 4,278 3,363 915 32 Total $ 40,275 $ 27,153 $ 13,122 $ 5,588 December 31, 2019 Loan Balance 1 Guaranteed Balance Unguaranteed Balance Commercial & Industrial Small Business Banking $ 6,162 $ 5,399 $ 763 Specialty Lending 776 157 619 Total 6,938 5,556 1,382 Commercial Real Estate Small Business Banking 8,245 4,130 4,115 Total 8,245 4,130 4,115 Commercial Land Small Business Banking 6,756 5,028 1,728 Total 6,756 5,028 1,728 Total $ 21,939 $ 14,714 $ 7,225 1 Excludes nonaccrual loans accounted for under the fair value option. See Note 9. Fair Value of Financial Instruments for additional information.
Amortized Cost Basis of Collateral-Dependent Loans and Leases	The following table presents the amortized cost basis of collateral-dependent loans and leases, which are individually evaluated to determine expected credit losses, as of June 30, 2020: Total Collateral Dependent Loans Unguaranteed Portion June 30, 2020 Real Estate Business Assets Other Real Estate Business Assets Other Allowance for Credit Losses Commercial & Industrial Small Business Banking $ 2,468 $ 5,401 $ 207 $ 572 $ 136 $ 75 $ 161 Specialty Lending — 163 — — 8 — 8 Total 2,468 5,564 207 572 144 75 169 Commercial Real Estate Small Business Banking 8,857 — — 3,457 — — 183 Specialty Lending 1,869 — — 483 — — 3 Total 10,726 — — 3,940 — — 186 Commercial Land Small Business Banking 4,299 — — 934 — — 314 Total 4,299 — — 934 — — 314 Total $ 17,493 $ 5,564 $ 207 $ 5,446 $ 144 $ 75 $ 669
Activity in ACL and Allowance for Loan and Lease Losses by Portfolio Segment	The following table details activity in the ACL by portfolio segment allowance for the periods presented: Three Months Ended Construction & Development Commercial Real Estate Commercial & Industrial Commercial Land Total June 30, 2020 Beginning Balance $ 4,823 $ 13,110 $ 16,337 $ 1,636 $ 35,906 Charge offs — — (1,825 ) — (1,825 ) Recoveries — 15 29 — 44 Provision 38 2,972 6,962 (14 ) 9,958 Ending Balance $ 4,861 $ 16,097 $ 21,503 $ 1,622 $ 44,083 June 30, 2019 Beginning Balance $ 2,236 $ 5,379 $ 8,282 $ 1,653 $ 17,550 Charge offs — — (145 ) (24 ) (169 ) Recoveries — 6 42 — 48 Provision 688 1,463 1,162 99 3,412 Ending Balance $ 2,924 $ 6,848 $ 9,341 $ 1,728 $ 20,841 Six Months Ended Construction & Development Commercial Real Estate Commercial & Industrial Commercial Land Total June 30, 2020 Beginning Balance, prior to adoption of ASC 326 $ 2,732 $ 8,427 $ 15,757 $ 1,318 $ 28,234 Impact of adopting ASC 326 1,131 1,916 (4,561 ) 193 (1,321 ) Charge offs — (109 ) (4,170 ) (408 ) (4,687 ) Recoveries — 43 64 — 107 Provision 998 5,820 14,413 519 21,750 Ending Balance $ 4,861 $ 16,097 $ 21,503 $ 1,622 $ 44,083 June 30, 2019 Beginning Balance $ 2,042 $ 5,259 $ 6,524 $ 607 $ 14,432 Charge offs — — (145 ) (24 ) (169 ) Recoveries — 14 121 — 135 Provision 882 1,575 2,841 1,145 6,443 Ending Balance $ 2,924 $ 6,848 $ 9,341 $ 1,728 $ 20,841 The following tables detail the recorded allowance for loan and lease losses and the investment in loans and leases related to each portfolio segment, disaggregated on the basis of impairment evaluation methodology: December 31, 2019 Construction & Development Commercial Real Estate Commercial & Industrial Commercial Land Total 1,2 Allowance for loan and lease losses: Loans and leases individually evaluated for impairment $ 17 $ 2,067 $ 3,989 $ 748 $ 6,821 Loans and leases collectively evaluated for impairment 2,715 6,360 11,768 570 21,413 Total allowance for loan and lease losses $ 2,732 $ 8,427 $ 15,757 $ 1,318 $ 28,234 Loans and leases receivable: Loans and leases individually evaluated for impairment $ 719 $ 25,389 $ 14,052 $ 17,347 $ 57,507 Loans and leases collectively evaluated for impairment 346,599 636,305 540,189 216,786 1,739,879 Total loans and leases receivable $ 347,318 $ 661,694 $ 554,241 $ 234,133 $ 1,797,386 1 As of December 31, 2019, loans and leases receivable includes $622.6 million of U.S. government guaranteed loans, of which $36.0 million are considered impaired. 2 Loans and leases receivable exclude $824.5 million of loans accounted for under the fair value option.
Troubled Debt Restructurings on Financing Receivables	The following tables represent the types of TDRs that were made during the periods presented: Three Months Ended June 30, 2020 Extended Amortization Payment Deferral Total TDRs Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Commercial & Industrial Small Business Banking — $ — 3 $ 439 3 $ 439 Total — — 3 439 3 439 Commercial Land Small Business Banking 1 4,921 — — 1 4,921 Total 1 4,921 — — 1 4,921 Total 1 $ 4,921 3 $ 439 4 $ 5,360 There were no TDRs modified during the three months ended June 30, 2019. Six Months Ended June 30, 2020 Extended Amortization Payment Deferral Total TDRs Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Commercial & Industrial Small Business Banking — $ — 5 $ 1,882 5 $ 1,882 Specialty Lending 1 224 — — 1 224 Total 1 224 5 1,882 6 2,106 Commercial Real Estate Small Business Banking — — 1 3,412 1 3,412 Total — — 1 3,412 1 3,412 Commercial Land Small Business Banking 1 4,921 — — 1 4,921 Total 1 4,921 — — 1 4,921 Total 2 $ 5,145 6 $ 5,294 8 $ 10,439 Six Months Ended June 30, 2019 Extended Amortization Payment Deferral Total TDRs Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Commercial Real Estate Small Business Banking — $ — 1 $ 1,853 1 $ 1,853 Total — — 1 1,853 1 1,853 Commercial Land Small Business Banking 1 3,475 — — 1 3,475 Total 1 3,475 — — 1 3,475 Total 1 $ 3,475 1 $ 1,853 2 $ 5,328
Impaired Loans and Leases	Loans and leases classified as impaired as of the dates presented are summarized in the following tables. December 31, 2019 Recorded Investment Guaranteed Balance Unguaranteed Exposure Commercial & Industrial Small Business Banking $ 11,612 $ 7,841 $ 3,771 Specialty Lending 2,440 157 2,283 Total 14,052 7,998 6,054 Construction & Development Small Business Banking 719 530 189 Total 719 530 189 Commercial Real Estate Small Business Banking 23,473 13,198 10,275 Specialty Lending 1,916 1,387 529 Total 25,389 14,585 10,804 Commercial Land Small Business Banking 17,347 12,898 4,449 Total 17,347 12,898 4,449 Total $ 57,507 $ 36,011 $ 21,496 The following table presents evaluated balances of loans and leases classified as impaired at the dates presented that carried an associated reserve as compared to those with no reserve. The recorded investment includes accrued interest and net deferred loan and lease fees or costs. December 31, 2019 Recorded Investment With a Recorded Allowance With No Recorded Allowance Total Unpaid Principal Balance Related Allowance Recorded Commercial & Industrial Small Business Banking $ 11,607 $ 5 $ 11,612 $ 12,577 $ 1,967 Specialty Lending 2,440 — 2,440 2,307 2,022 Total 14,047 5 14,052 14,884 3,989 Construction & Development Small Business Banking 719 — 719 706 17 Total 719 — 719 706 17 Commercial Real Estate Small Business Banking 21,370 2,103 23,473 23,996 2,055 Specialty Lending 1,916 — 1,916 1,849 12 Total 23,286 2,103 25,389 25,845 2,067 Commercial Land Small Business Banking 17,347 — 17,347 17,399 748 Total 17,347 — 17,347 17,399 748 Total Impaired Loans and Leases $ 55,399 $ 2,108 $ 57,507 $ 58,834 $ 6,821 The following table presents the average recorded investment of impaired loans and leases for each period presented and interest income recognized during the period in which the loans and leases were considered impaired. Three Months Ended June 30, 2019 Average Balance Interest Income Recognized Commercial & Industrial Small Business Banking $ 7,135 $ 24 Specialty Lending 765 7 Total 7,900 31 Commercial Real Estate Small Business Banking 15,945 167 Specialty Lending 1,588 — Total 17,533 167 Commercial Land Small Business Banking 18,940 236 Total 18,940 236 Total $ 44,373 $ 434 Six Months Ended June 30, 2019 Average Balance Interest Income Recognized Commercial & Industrial Small Business Banking $ 7,196 $ 54 Specialty Lending 763 24 Total 7,959 78 Commercial Real Estate Small Business Banking 16,000 309 Specialty Lending 1,588 — Total 17,588 309 Commercial Land Small Business Banking 19,000 432 Total 19,000 432 Total $ 44,547 $ 819

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Net Lease Investment	The gross lease payments receivable and the net investment included in accounts receivable for such leases are as follows: June 30, 2020 December 31, 2019 Gross direct finance lease payments receivable $ 12,452 $ 13,959 Less – unearned interest (2,110 ) (2,562 ) Net investment in direct financing leases $ 10,342 $ 11,397
Future Minimum Capital Lease Payments	Future minimum lease payments under finance leases are as follows: As of June 30, 2020 Amount 2020 $ 1,606 2021 3,100 2022 2,675 2023 2,233 2024 1,591 Thereafter 1,247 Total $ 12,452
Maturity Analysis of Future Minimum Operating Lease Payments	A maturity analysis of future minimum lease payments under non-cancelable operating leases is as follows: As of June 30, 2020 Amount 2020 $ 4,010 2021 9,052 2022 9,044 2023 9,075 2024 8,808 Thereafter 40,110 Total $ 80,099

Servicing Assets (Tables)

Servicing Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Transfers And Servicing [Abstract]
Summary of Activity Pertaining to Servicing Rights	The following summarizes the activity pertaining to servicing rights: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 33,532 $ 44,324 $ 35,365 $ 47,641 Additions, net 1,873 608 4,732 1,331 Fair value changes: Due to changes in valuation inputs or assumptions (123 ) 260 (2,162 ) (489 ) Decay due to increases in principal paydowns or runoff (1,448 ) (3,505 ) (4,101 ) (6,796 ) Balance at end of period $ 33,834 $ 41,687 $ 33,834 $ 41,687

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Total Outstanding Borrowings	Total outstanding borrowings consisted of the following: June 30, 2020 December 31, 2019 Borrowings In 2019, the Company renewed a revolving line of credit issued in 2017. The line of credit is unsecured and accrues interest at 30-day LIBOR plus 1.15% for a term of 13 months. Payments are interest only with all principal and accrued interest due on October 20, 2020. The terms of this loan require the Company to maintain minimum capital and debt service coverage ratios. The $50.0 million line of credit was fully advanced at March 31, 2020. The Company made a principal paydown of $45.0 million on May 28, 2020 and there is $45.0 million of available credit at June 30, 2020. $ 5,000 $ — In April 2020, the Company entered into the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility ("PPPLF"). Under the PPPLF, advances must be secured by pledges of loans to small businesses originated by the Company under the U.S. Small Business Administration's 7(a) loan program titled the Paycheck Protection Program. The PPPLF accrues interest at thirty-five basis points and matures at various dates equal to the maturity date of the PPPLF collateral pledged to secure the advance, ranging from April 1, 2022 to June 24, 2022, and will be accelerated on and to the extent of any 7(a) loan forgiveness reimbursement by the SBA for any PPPLF collateral or the date of purchase by the SBA from the borrower of any PPPLF collateral. On the maturity date of each advance, the Company shall repay the advance plus accrued interest. This $1.72 billion borrowing was fully advanced at June 30, 2020. 1,716,018 — In October 2017, the Company entered into a financing lease of $19 thousand with an unaffiliated equipment lease company, secured by fitness equipment which is included in other assets on the consolidated balance sheet. Payments are principal and interest due monthly starting December 15, 2017 over a term of 60 months. At the end of the lease term there is a $1.00 bargain purchase option. As of January 1, 2019, this borrowing was revised in accordance with ASU 2016-02. 11 14 Total borrowings $ 1,721,029 $ 14

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Record Amount of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. June 30, 2020 Total Level 1 Level 2 Level 3 Investment securities available-for-sale US treasury securities $ 5,018 $ — $ 5,018 $ — US government agencies 20,594 — 20,594 — Mortgage-backed securities 750,549 — 750,549 — Municipal bonds 1 3,633 — 3,539 94 Loans held for sale 32,071 — — 32,071 Loans held for investment 834,602 — — 834,602 Servicing assets 2 33,834 — — 33,834 Mutual fund 2,303 — 2,303 — Equity warrant assets 3 855 — — 855 Total assets at fair value $ 1,683,459 $ — $ 782,003 $ 901,456 December 31, 2019 Total Level 1 Level 2 Level 3 Investment securities available-for-sale US treasury securities $ 5,015 $ — $ 5,015 $ — US government agencies 22,779 — 22,779 — Mortgage-backed securities 503,297 — 503,297 — Municipal bonds 1 8,954 — 8,862 92 Loans held for sale 16,198 — — 16,198 Loans held for investment 824,520 — — 824,520 Servicing assets 2 35,365 — — 35,365 Mutual fund 2,206 — 2,206 — Equity warrant assets 3 570 — — 570 Total assets at fair value $ 1,418,904 $ — $ 542,159 $ 876,745 1 During the three and six months ended June 30, 2020, the Company recorded a fair value adjustment gain of $1 thousand and $2 thousand, respectively. During the six months ended June 30, 2019, the Company sold $900 thousand of a municipal bond to a third party and recorded a fair value adjustment loss of $7 thousand. During the three months ended June 30, 2019, the Company recorded no fair value adjustment. 2 See Note 7 for a rollforward of recurring Level 3 fair values for servicing assets. 3 During the six months ended June 30 ,2020, the Company entered into equity warrant assets with a fair value of $179 thousand at the time of issuance and recorded net gains on derivative instruments of $106 thousand. During the three months ended June 30, 2020, the Company entered into equity warrant assets with a fair value of $15 thousand at the time of issuance and recorded net gains on derivative instruments of $138 thousand. During the six months ended June 30, 2019, the Company recorded net gains on derivative instruments of $193 thousand. During the three months ended June 30, 2019, the Company recorded net losses on derivative instruments of $62 thousand.
Summary of Fair Value Carrying Amount and Unpaid Principal Outstanding of Loans Under Fair Value Option	The following tables provide more information about the fair value carrying amount and the unpaid principal outstanding of loans accounted for under the fair value option at June 30, 2020 and December 31, 2019. June 30, 2020 Total Loans Nonaccruals 90 Days or More Past Due Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Option Elections Loans held for sale $ 32,071 $ 34,424 $ (2,353 ) $ — $ — $ — $ — $ — $ — Loans held for investment 834,602 862,735 (28,133 ) 46,221 50,536 (4,315 ) 27,312 29,435 (2,123 ) $ 866,673 $ 897,159 $ (30,486 ) $ 46,221 $ 50,536 $ (4,315 ) $ 27,312 $ 29,435 $ (2,123 ) December 31, 2019 Total Loans Nonaccruals 90 Days or More Past Due Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Carrying Amount Unpaid Principal Balance Difference Fair Value Option Elections Loans held for sale $ 16,198 $ 17,230 $ (1,032 ) $ — $ — $ — $ — $ — $ — Loans held for investment 824,520 842,456 (17,936 ) 49,739 54,370 (4,631 ) 26,644 28,137 (1,493 ) $ 840,718 $ 859,686 $ (18,968 ) $ 49,739 $ 54,370 $ (4,631 ) $ 26,644 $ 28,137 $ (1,493 )
Schedule of Net Gains (Losses) from Changes in Fair Value	The following table presents the net gains (losses) from changes in fair value. Three Months Ended June 30, Six Months Ended June 30, Gains (Losses) on Loans Accounted for under the Fair Value Option 2020 2019 2020 2019 Loans held for sale $ (106 ) $ 822 $ 14 $ 471 Loans held for investment (983 ) 1,969 (11,741 ) 4,403 $ (1,089 ) $ 2,791 $ (11,727 ) $ 4,874
Summary of the Activity Pertaining to Loans Accounted for Under Fair Value Option	The following tables summarize the activity pertaining to loans accounted for under the fair value option. Three Months Ended June 30, Six Months Ended June 30, Loans held for sale 2020 2019 2020 2019 Balance at beginning of period $ 19,151 $ 25,293 $ 16,198 $ 17,745 Issuances 13,154 6,207 16,199 19,842 Fair value changes (106 ) 822 14 471 Sales — (5,644 ) — (11,344 ) Settlements (128 ) (75 ) (340 ) (111 ) Balance at end of period $ 32,071 $ 26,603 $ 32,071 $ 26,603
Recorded Amount of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The tables below present the recorded amount of assets and liabilities measured at fair value on a non-recurring basis. June 30, 2020 Total Level 1 Level 2 Level 3 Collateral dependent loans $ 2,056 $ — $ — $ 2,056 Foreclosed assets 5,660 — — 5,660 Total assets at fair value $ 7,716 $ — $ — $ 7,716 December 31, 2019 Total Level 1 Level 2 Level 3 Collateral dependent loans $ 1,245 $ — $ — $ 1,245 Foreclosed assets 5,612 — — 5,612 Equity security investment with a non-readily determinable fair value 8,738 8,738 — — Total assets at fair value $ 15,595 $ 8,738 $ — $ 6,857
Analysis of Level 3 Valuation Techniques	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of June 30, 2020 and December 31, 2019 the significant unobservable inputs used in the fair value measurements were as follows: June 30, 2020 Level 3 Assets with Significant Unobservable Inputs Fair Value Valuation Technique Significant Unobservable Inputs Range Recurring fair value Municipal bond $ 94 Discounted expected cash flows Discount rate Prepayment speed 4.1% 5.0% Loans held for sale $ 32,071 Discounted expected cash flows Discount rate Prepayment speed 5.1% to 21.1% WAVG 18.6% Loans held for investment $ 834,602 Discounted expected cash flows Discounted appraisals Loss rate Discount rate Prepayment speed Appraisal adjustments 0.0% to 74.2% (WAVG 1.8%) 5.1% to 21.1% WAVG 18.6% 10% to 45% Equity warrant assets $ 855 Black-Scholes option pricing model Volatility Risk-free interest rate Marketability discount Remaining life 25.8 to 84.9% 0.66% 20.0% 5-10 years Non-recurring fair value Collateral dependent loans $ 2,056 Discounted appraisals Appraisal adjustments (1) 10.0% to 55.0% Foreclosed assets $ 5,660 Discounted appraisals Appraisal adjustments (1) 4.0% to 14.5% December 31, 2019 Level 3 Assets with Significant Unobservable Inputs Fair Value Valuation Technique Significant Unobservable Inputs Range Recurring fair value Municipal bond $ 92 Discounted expected cash flows Discount rate Prepayment speed 4.6% 5.0% Loans held for sale $ 16,198 Discounted expected cash flows Discount rate Prepayment speed 7.7% to 21.4% WAVG 13.1% Loans held for investment $ 824,520 Discounted expected cash flows Discounted appraisals Loss rate Discount rate Prepayment speed Appraisal adjustments 0.0% to 10.9% (WAVG 1.3%) 7.7% to 21.4% WAVG 13.1% 10.0% to 70.0% Equity warrant assets $ 570 Black-Scholes option pricing model Volatility Risk-free interest rate Marketability discount Remaining life 21.0-75.0% 1.90% 20.0% 8-10 years Non-recurring fair value Collateral dependent loans $ 1,245 Discounted appraisals Appraisal adjustments (1) 10.0% to 57.0% Foreclosed assets $ 5,612 Discounted appraisals Appraisal adjustments (1) 10.0% to 37.0% (1) Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.
Carrying Amount and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis are as follows: June 30, 2020 Carrying Amount Quoted Price In Active Markets for Identical Assets /Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial assets Cash and due from banks $ 1,256,958 $ 1,256,958 $ — $ — $ 1,256,958 Federal funds sold 91,188 91,188 — — 91,188 Certificates of deposit with other banks 7,250 7,753 — — 7,753 Loans held for sale 944,523 — — 1,022,635 1,022,635 Loans and leases, net of allowance for credit losses on loans and leases 3,771,371 — — 3,928,595 3,928,595 Financial liabilities Deposits 5,873,292 — 5,935,529 — 5,935,529 Borrowings 1,721,029 — — 1,718,449 1,718,449 December 31, 2019 Carrying Amount Quoted Price In Active Markets for Identical Assets /Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial assets Cash and due from banks $ 124,610 $ 124,610 $ — $ — $ 124,610 Federal funds sold 96,787 96,787 — — 96,787 Certificates of deposit with other banks 7,250 7,568 — — 7,568 Loans held for sale 950,249 — — 1,004,135 1,004,135 Loans and leases, net of allowance for credit losses on loans and leases 1,774,532 — — 1,822,569 1,822,569 Financial liabilities Deposits 4,226,980 — 4,211,522 — 4,211,522 Borrowings 14 — — 14 14

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Summary of Commitments	A summary of the Company’s commitments is as follows: June 30, 2020 December 31, 2019 Commitments to extend credit $ 1,575,314 $ 1,834,449 Standby letters of credit 26,997 25,532 Total unfunded off-balance-sheet credit risk $ 1,602,311 $ 1,859,981

Significant Equity Method Inv_2

Significant Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2020
Equity Method Investments And Joint Ventures [Abstract]
Summary of Balance Sheet and Income Statement Information of Equity Method Investments	The following table provides summarized balance sheet information for the Company’s equity method investments as of June 30, 2020 and December 31, 2019. The Company’s equity method investments are included in the other assets line on the condensed consolidated balance sheets and are largely concentrated in new or emerging financial service technology companies. June 30, 2020 December 31, 2019 Balance sheet data Current assets $ 47,724 $ 56,710 Noncurrent assets 175,022 162,304 Total assets $ 222,746 $ 219,014 Current liabilities $ 22,698 $ 19,910 Noncurrent liabilities 451 683 Total liabilities 23,149 20,593 Equity interests 199,597 198,421 Total liabilities and equity $ 222,746 $ 219,014 The following table provides summarized income statement information for the Company’s equity method investments for the three and six months ended June 30, 2020 and 2019. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Summary of operations Total revenues $ 16,180 $ 13,851 $ 31,972 $ 27,240 Net loss (13,053 ) (6,100 ) (29,486 ) (13,220 )

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($)	Apr. 01, 2020	Jan. 01, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 15, 2020	Dec. 31, 2019
Basis Of Presentation [Line Items]
Loans and leases held for investment			$ (4,650,056,000)			$ (4,650,056,000)			$ (2,627,286,000)
Loan servicing asset revaluation			1,571,000		$ 3,245,000	6,263,000	$ 7,285,000
Retained earnings			$ 174,837,000			$ 174,837,000			180,265,000
JAM
Basis Of Presentation [Line Items]
Equity interests	100.00%
Goodwill	$ 1,800,000
Intangible assets	2,300,000
Contingent consideration	$ 2,100,000
Useful life	15 years
Repurchase Program
Basis Of Presentation [Line Items]
Shares authorized to be repurchased								$ 20,000,000
Shares repurchased during the period				0		0
Paycheck Protection Program Loans
Basis Of Presentation [Line Items]
CARES ACT of 2020 government guarantee percentage						100.00%
Restatement Adjustment
Basis Of Presentation [Line Items]
Loans and leases held for investment									$ 20,000,000
Provision for loan and lease credit losses					(51,000)		(238,000)
Loan servicing asset revaluation					$ 2,842,000		$ 4,636,000
Restatement Adjustment | ASC 326
Basis Of Presentation [Line Items]
Retained earnings		$ 822,000
Decrease in allowance for credit losses		(1,300,000)
Increase in reserve on unfunded commitments		$ 499,000

Basis of Presentation - Effect

Basis of Presentation - Effect of Reclassifications on Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	$ 9,958	$ 3,412	$ 21,750	$ 6,443
Net interest income after provision for loan and lease credit losses	30,940	30,523	59,309	58,097
Loan servicing asset revaluation	(1,571)	(3,245)	(6,263)	(7,285)
Net (loss) gain on loans accounted for under the fair value option	(1,089)	2,791	(11,727)	4,874
Total noninterest income	22,411	14,650	28,153	27,966
Net income (loss)	$ 3,777	4,935	$ (3,825)	7,307
As Reported
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses		3,463		6,205
Net interest income after provision for loan and lease credit losses		30,472		58,335
Loan servicing asset revaluation		(403)		(2,649)
Total noninterest income		14,701		27,728
Net income (loss)		4,935		7,307
Restatement Adjustment
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses		(51)		238
Net interest income after provision for loan and lease credit losses		51		(238)
Loan servicing asset revaluation		(2,842)		(4,636)
Net (loss) gain on loans accounted for under the fair value option		2,791		4,874
Total noninterest income		$ (51)		$ 238

Basis of Presentation - Effec_2

Basis of Presentation - Effect of Reclassifications on Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	$ 9,958	$ 3,412	$ 21,750	$ 6,443
Net decrease in servicing assets			1,531	5,954
Net loss (gain) on loans accounted for under fair value option	$ 1,089	(2,791)	11,727	(4,874)
Net cash used by operating activities			(79,338)	(252,909)
Loan and lease originations and principal collections, net			(1,937,416)	(256,823)
Net cash used by investing activities			$ (2,159,344)	(450,242)
As Reported
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses		3,463		6,205
Net decrease in servicing assets				5,954
Change in discount on unguaranteed loans				(3,431)
Net cash used by operating activities				(251,704)
Loan and lease originations and principal collections, net				(258,028)
Net cash used by investing activities				(451,447)
Restatement Adjustment
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses		(51)		238
Change in discount on unguaranteed loans				3,431
Net loss (gain) on loans accounted for under fair value option		$ (2,791)		(4,874)
Net cash used by operating activities				(1,205)
Loan and lease originations and principal collections, net				1,205
Net cash used by investing activities				$ 1,205

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic earnings (loss) per share:
Net income (loss)	$ 3,777	$ 4,935	$ (3,825)	$ 7,307
Weighted-average basic shares outstanding	40,506,671	40,196,662	40,420,425	40,178,491
Basic earnings (loss) per share	$ 0.09	$ 0.12	$ (0.10)	$ 0.18
Diluted earnings (loss) per share:
Net income (loss), for diluted earnings (loss) per share	$ 3,777	$ 4,935	$ (3,825)	$ 7,307
Weighted-average basic shares outstanding	40,506,671	40,196,662	40,420,425	40,178,491
Add effect of dilutive stock options and restricted stock grants	615,354	801,879	677,612	801,879
Total weighted-average diluted shares outstanding	41,122,025	40,998,541	41,098,037	40,980,370
Diluted earnings (loss) per share	$ 0.09	$ 0.12	$ (0.10)	$ 0.18
Anti-dilutive shares	2,077,886	1,578,197	2,077,886	1,578,197

Investment Securities - Carryin

Investment Securities - Carrying Amount and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 746,501	$ 524,619
Unrealized Gains	33,364	16,361
Unrealized Losses	71	935
Investment securities available-for-sale	779,794	540,045
US Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	4,997	4,988
Unrealized Gains	21	27
Investment securities available-for-sale	5,018	5,015
US government agencies
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	19,942	22,444
Unrealized Gains	652	335
Investment securities available-for-sale	20,594	22,779
Mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	718,285	488,694
Unrealized Gains	32,329	15,530
Unrealized Losses	65	927
Investment securities available-for-sale	750,549	503,297
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	3,277	8,493
Unrealized Gains	362	469
Unrealized Losses	6	8
Investment securities available-for-sale	$ 3,633	$ 8,954

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)Security	Jun. 30, 2019Security	Jun. 30, 2020USD ($)Security	Jun. 30, 2019USD ($)Security	Dec. 31, 2019USD ($)Security
Schedule Of Available For Sale Securities [Line Items]
Number of investment securities sold | Security		0
Gain on sale of investment securities available-for-sale, net	$ 734,000		$ 655,000	$ 5,000
Accrued interest receivable on available-for-sale securities	2,000,000		2,000,000		$ 1,600,000
Other than temporary impairment losses			0
Collateral Pledged
Schedule Of Available For Sale Securities [Line Items]
Debt securities, available-for-sale, restricted	$ 0		$ 0		$ 0
Mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Number of investment securities sold | Security	11		13
Proceeds from sale of investment securities	$ 9,600,000		$ 14,200,000
Gain on sale of investment securities available-for-sale, net	$ 114,000		$ 35,000
Number of securities in unrealized loss portions for longer than 12 months | Security	4		4		22
Number of securities in unrealized loss positions for less than 12 months | Security	5		5		20
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Number of investment securities sold | Security	2		2	1
Proceeds from sale of investment securities	$ 5,200,000		$ 5,200,000	$ 900,000
Gain on sale of investment securities available-for-sale, net	$ 620,000		$ 620,000	$ 5,000
Number of securities in unrealized loss portions for longer than 12 months | Security	1		1		1
US government agencies
Schedule Of Available For Sale Securities [Line Items]
Number of investment securities sold | Security	1		1
Gain on sale of investment securities available-for-sale, net	$ 2,500,000		$ 2,500,000

Investment Securities - Debt Se

Investment Securities - Debt Securities Available-for-Sale in Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Securities in unrealized loss position, Less Than 12 Months, Fair Value	$ 14,345	$ 42,835
Securities in unrealized loss position, Less Than 12 Months, Unrealized Losses	41	460
Securities in unrealized loss position, 12 Months or More, Fair Value	2,721	36,610
Securities in unrealized loss position, 12 Months or More, Unrealized Losses	30	475
Securities in unrealized loss position, Total, Fair Value	17,066	79,445
Securities in unrealized loss position, Total, Unrealized Losses	71	935
Mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Securities in unrealized loss position, Less Than 12 Months, Fair Value	14,345	42,835
Securities in unrealized loss position, Less Than 12 Months, Unrealized Losses	41	460
Securities in unrealized loss position, 12 Months or More, Fair Value	2,627	36,518
Securities in unrealized loss position, 12 Months or More, Unrealized Losses	24	467
Securities in unrealized loss position, Total, Fair Value	16,972	79,353
Securities in unrealized loss position, Total, Unrealized Losses	65	927
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Securities in unrealized loss position, 12 Months or More, Fair Value	94	92
Securities in unrealized loss position, 12 Months or More, Unrealized Losses	6	8
Securities in unrealized loss position, Total, Fair Value	94	92
Securities in unrealized loss position, Total, Unrealized Losses	$ 6	$ 8

Investment Securities - Summary

Investment Securities - Summary of Investment Securities by Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Amortized Cost	$ 746,501	$ 524,619
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Total, Fair value	779,794	540,045
US Treasury Securities
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Within one year, Amortized cost	4,997
Amortized Cost	4,997	4,988
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Within one year, Fair value	5,018
Total, Fair value	5,018	5,015
US government agencies
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Within one year, Amortized cost	9,503
One to five years, Amortized cost	7,518
Five to ten years, Amortized cost	2,921
Amortized Cost	19,942	22,444
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Within one year, Fair value	9,644
One to five years, Fair value	7,832
Five to ten years, Fair value	3,118
Total, Fair value	20,594	22,779
Mortgage-backed securities
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
One to five years, Amortized cost	2,501
Five to ten years, Amortized cost	217,499
After 10 years, Amortized cost	498,285
Amortized Cost	718,285	488,694
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
One to five years, Fair value	2,709
Five to ten years, Fair value	236,085
After 10 years, Fair value	511,755
Total, Fair value	750,549	503,297
Municipal bonds
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
After 10 years, Amortized cost	3,277
Amortized Cost	3,277	8,493
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
After 10 years, Fair value	3,633
Total, Fair value	$ 3,633	$ 8,954

Loans and Leases Held for Inv_3

Loans and Leases Held for Investment and Credit Quality - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)SecurityLoan	Jun. 30, 2019USD ($)SecurityLoan	Jun. 30, 2020USD ($)SecurityLoan	Jun. 30, 2019USD ($)SecurityLoan	Dec. 31, 2019USD ($)
Accounts Notes And Loans Receivable [Line Items]
Loans greater than 90 days or more past due still accruing | $	$ 0		$ 0		$ 0
Interest income recognized on nonaccrual loans and leases | $	0	$ 0	0	$ 0
Accrued interest receivable on loans | $	$ 27,200,000		$ 27,200,000		$ 19,800,000
Number of loans | SecurityLoan	4	0	8	2
Number of TDRs with subsequent default | SecurityLoan	1	0	1	0
Commercial & Industrial
Accounts Notes And Loans Receivable [Line Items]
Number of loans | SecurityLoan	3		6
Commercial & Industrial | Small Business Banking
Accounts Notes And Loans Receivable [Line Items]
Number of loans | SecurityLoan	3		5
Recorded investment with subsequent default | $	$ 39,000		$ 39,000
Paycheck Protection Program Loans
Accounts Notes And Loans Receivable [Line Items]
CARES ACT of 2020 government guarantee percentage			100.00%

Loans and Leases Held for Inv_4

Loans and Leases Held for Investment and Credit Quality - Summary of Total Loans and Leases and Aging Analysis of Portfolio Segments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 29,985	$ 27,893
Total Carried at Amortized Cost	3,856,444	1,797,386
Loans Accounted for Under the Fair Value Option	834,602	824,520
Total Loans and Leases	4,691,046	2,621,906
Net Deferred (Fees) Costs	(40,990)	5,380
Loan and Leases, Net of unearned	4,650,056	2,627,286
Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,826,459	1,769,493
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13,696	16,954
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	16,289	10,939
Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	1,643,492	1,461,484
Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	474,511	335,902
Payroll Protection Program
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	1,738,441
Commercial & Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,528	13,248
Total Carried at Amortized Cost	2,358,709	554,241
Loans Accounted for Under the Fair Value Option	368,961	333,313
Total Loans and Leases	2,727,670	887,554
Commercial & Industrial | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,352,181	540,993
Commercial & Industrial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,345	7,895
Commercial & Industrial | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,183	5,353
Commercial & Industrial | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,936	11,940
Total Carried at Amortized Cost	411,112	386,223
Loans Accounted for Under the Fair Value Option	298,349	275,269
Total Loans and Leases	709,461	661,492
Commercial & Industrial | Small Business Banking | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	405,176	374,283
Commercial & Industrial | Small Business Banking | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,908	7,363
Commercial & Industrial | Small Business Banking | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,028	4,577
Commercial & Industrial | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	592	1,308
Total Carried at Amortized Cost	209,156	168,018
Loans Accounted for Under the Fair Value Option	70,612	58,044
Total Loans and Leases	279,768	226,062
Commercial & Industrial | Specialty Lending | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	208,564	166,710
Commercial & Industrial | Specialty Lending | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	437	532
Commercial & Industrial | Specialty Lending | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	155	776
Commercial & Industrial | Payroll Protection Program
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	1,738,441
Total Loans and Leases	1,738,441
Commercial & Industrial | Payroll Protection Program | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,738,441
Construction & Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,715
Total Carried at Amortized Cost	315,771	347,318
Total Loans and Leases	315,771	347,318
Construction & Development | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	312,056	347,318
Construction & Development | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,715
Construction & Development | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	250,479	302,470
Total Loans and Leases	250,479	302,470
Construction & Development | Small Business Banking | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	250,479	302,470
Construction & Development | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,715
Total Carried at Amortized Cost	65,292	44,848
Total Loans and Leases	65,292	44,848
Construction & Development | Specialty Lending | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	61,577	44,848
Construction & Development | Specialty Lending | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,715
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	15,463	14,645
Total Carried at Amortized Cost	874,696	661,694
Loans Accounted for Under the Fair Value Option	355,158	385,650
Total Loans and Leases	1,229,854	1,047,344
Commercial Real Estate | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	859,233	647,049
Commercial Real Estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,525	9,059
Commercial Real Estate | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,938	5,586
Commercial Real Estate | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8,089	12,796
Total Carried at Amortized Cost	674,632	538,654
Loans Accounted for Under the Fair Value Option	331,152	358,359
Total Loans and Leases	1,005,784	897,013
Commercial Real Estate | Small Business Banking | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	666,543	525,858
Commercial Real Estate | Small Business Banking | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		7,210
Commercial Real Estate | Small Business Banking | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8,089	5,586
Commercial Real Estate | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,374	1,849
Total Carried at Amortized Cost	200,064	123,040
Loans Accounted for Under the Fair Value Option	24,006	27,291
Total Loans and Leases	224,070	150,331
Commercial Real Estate | Specialty Lending | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	192,690	121,191
Commercial Real Estate | Specialty Lending | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,525	1,849
Commercial Real Estate | Specialty Lending | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,849
Commercial Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,279
Total Carried at Amortized Cost	307,268	234,133
Loans Accounted for Under the Fair Value Option	110,483	105,557
Total Loans and Leases	417,751	339,690
Commercial Land | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	302,989	234,133
Commercial Land | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,111
Commercial Land | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,168
Commercial Land | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,279
Total Carried at Amortized Cost	307,268	234,133
Loans Accounted for Under the Fair Value Option	110,483	105,557
Total Loans and Leases	417,751	339,690
Commercial Land | Small Business Banking | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	302,989	$ 234,133
Commercial Land | Small Business Banking | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,111
Commercial Land | Small Business Banking | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,168

Loans and Leases Held for Inv_5

Loans and Leases Held for Investment and Credit Quality - Summary of Total Loans and Leases and Aging Analysis of Portfolio Segments (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	$ 3,856,444	$ 1,797,386
Total past due loans	29,985	27,893
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due loans	16,289	10,939
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due loans	13,696	16,954
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,470,000	622,600
Current	2,460,000	602,600
Loans Insured or Guaranteed by US Government Authorities | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due loans	11,100	6,400
Loans Insured or Guaranteed by US Government Authorities | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due loans	$ 3,500	$ 13,600

Loans and Leases Held for Inv_6

Loans and Leases Held for Investment and Credit Quality - Summary of Asset Quality Indicators by Portfolio Class and Origination Year (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
2020	$ 1,996,621
2019	607,916
2018	422,567
2017	395,123
2016	221,721
Prior	123,371
Revolving Loans Amortized Cost Basis	87,925
Revolving Loans Converted to Term	1,200
Total loans and leases	3,856,444	$ 1,797,386
Small Business Banking
Financing Receivable, Recorded Investment [Line Items]
2020	153,075
2019	500,441
2018	349,004
2017	312,111
2016	204,054
Prior	86,363
Revolving Loans Amortized Cost Basis	37,576
Revolving Loans Converted to Term	868
Total loans and leases	1,643,492	1,461,484
Small Business Banking | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
2020	152,493
2019	485,989
2018	316,738
2017	280,574
2016	178,817
Prior	71,894
Revolving Loans Amortized Cost Basis	32,064
Revolving Loans Converted to Term	622
Total loans and leases	1,519,191	1,361,220
Small Business Banking | Risk Grade 5
Financing Receivable, Recorded Investment [Line Items]
2020	582
2019	11,182
2018	24,647
2017	19,148
2016	17,308
Prior	4,497
Revolving Loans Amortized Cost Basis	5,070
Revolving Loans Converted to Term	71
Total loans and leases	82,505	63,015
Small Business Banking | Risk Grades 6 - 8
Financing Receivable, Recorded Investment [Line Items]
2019	3,270
2018	7,619
2017	12,389
2016	7,929
Prior	9,972
Revolving Loans Amortized Cost Basis	442
Revolving Loans Converted to Term	175
Total loans and leases	41,796	37,249
Specialty Lending
Financing Receivable, Recorded Investment [Line Items]
2020	105,105
2019	107,475
2018	73,563
2017	83,012
2016	17,667
Prior	37,008
Revolving Loans Amortized Cost Basis	50,349
Revolving Loans Converted to Term	332
Total loans and leases	474,511	335,902
Specialty Lending | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
2020	105,105
2019	107,475
2018	61,902
2017	82,857
2016	7,339
Prior	37,008
Revolving Loans Amortized Cost Basis	49,857
Revolving Loans Converted to Term	332
Total loans and leases	451,875	307,098
Specialty Lending | Risk Grade 5
Financing Receivable, Recorded Investment [Line Items]
2018	2,946
2016	8,479
Revolving Loans Amortized Cost Basis	480
Total loans and leases	11,905	26,497
Specialty Lending | Risk Grades 6 - 8
Financing Receivable, Recorded Investment [Line Items]
2018	8,715
2017	155
2016	1,849
Revolving Loans Amortized Cost Basis	12
Total loans and leases	10,731	$ 2,307
Payroll Protection Program
Financing Receivable, Recorded Investment [Line Items]
2020	1,738,441
Total loans and leases	1,738,441
Payroll Protection Program | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
2020	1,738,441
Total loans and leases	$ 1,738,441

Loans and Leases Held for Inv_7

Loans and Leases Held for Investment and Credit Quality - Summary of Asset Quality Indicators by Portfolio Class and Origination Year (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases	$ 3,856,444	$ 1,797,386
Loans receivable, fair value	834,602	824,520
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases	2,470,000	622,600
Loans Insured or Guaranteed by US Government Authorities | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases	2,390,000	556,800
Loans Insured or Guaranteed by US Government Authorities | Risk Grade 5
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases	46,000	42,700
Loans Insured or Guaranteed by US Government Authorities | Risk Grades 6 - 8
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases	$ 33,000	$ 23,100

Loans and Leases Held for Inv_8

Loans and Leases Held for Investment and Credit Quality - Nonaccrual Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	$ 40,275	$ 21,939
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	27,153	14,714
Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	13,122	7,225
Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	5,588
Commercial & Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	13,932	6,938
Commercial & Industrial | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	11,999	5,556
Commercial & Industrial | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	1,933	1,382
Commercial & Industrial | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	13,777	6,162
Commercial & Industrial | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	11,844	5,399
Commercial & Industrial | Small Business Banking | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	1,933	763
Commercial & Industrial | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	155	776
Commercial & Industrial | Specialty Lending | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	155	157
Commercial & Industrial | Specialty Lending | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance		619
Construction & Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	3,715
Construction & Development | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	3,715
Construction & Development | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	3,715
Construction & Development | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	3,715
Construction & Development | Specialty Lending | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	3,715
Construction & Development | Specialty Lending | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	3,715
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	18,350	8,245
Commercial Real Estate | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	11,791	4,130
Commercial Real Estate | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	6,559	4,115
Commercial Real Estate | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	1,841
Commercial Real Estate | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	11,501	8,245
Commercial Real Estate | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	6,654	4,130
Commercial Real Estate | Small Business Banking | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	4,847	4,115
Commercial Real Estate | Small Business Banking | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	1,841
Commercial Real Estate | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	6,849
Commercial Real Estate | Specialty Lending | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	5,137
Commercial Real Estate | Specialty Lending | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	1,712
Commercial Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	4,278	6,756
Commercial Land | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	3,363	5,028
Commercial Land | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	915	1,728
Commercial Land | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	32
Commercial Land | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	4,278	6,756
Commercial Land | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	3,363	5,028
Commercial Land | Small Business Banking | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loan balance	915	$ 1,728
Commercial Land | Small Business Banking | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	$ 32

Loans and Leases Held for Inv_9

Loans and Leases Held for Investment and Credit Quality - Amortized Cost Basis of Collateral-Dependent Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	$ 3,856,444		$ 1,797,386
Allowance for Credit Losses	44,083	$ 35,906	28,234	$ 20,841	$ 17,550	$ 14,432
Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	17,493
Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	5,564
Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	207
Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	5,446
Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	144
Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	75
Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	669
Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	1,643,492		1,461,484
Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	474,511		335,902
Commercial & Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,358,709		554,241
Allowance for Credit Losses	21,503	16,337	15,757	9,341	8,282	6,524
Commercial & Industrial | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,468
Commercial & Industrial | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	5,564
Commercial & Industrial | Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	207
Commercial & Industrial | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	572
Commercial & Industrial | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	144
Commercial & Industrial | Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	75
Commercial & Industrial | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	169
Commercial & Industrial | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	411,112		386,223
Commercial & Industrial | Small Business Banking | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,468
Commercial & Industrial | Small Business Banking | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	5,401
Commercial & Industrial | Small Business Banking | Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	207
Commercial & Industrial | Small Business Banking | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	572
Commercial & Industrial | Small Business Banking | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	136
Commercial & Industrial | Small Business Banking | Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	75
Commercial & Industrial | Small Business Banking | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	161
Commercial & Industrial | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	209,156		168,018
Commercial & Industrial | Specialty Lending | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	163
Commercial & Industrial | Specialty Lending | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	8
Commercial & Industrial | Specialty Lending | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	8
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	874,696		661,694
Allowance for Credit Losses	16,097	13,110	8,427	6,848	5,379	5,259
Commercial Real Estate | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	10,726
Commercial Real Estate | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	3,940
Commercial Real Estate | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	186
Commercial Real Estate | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	674,632		538,654
Commercial Real Estate | Small Business Banking | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	8,857
Commercial Real Estate | Small Business Banking | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	3,457
Commercial Real Estate | Small Business Banking | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	183
Commercial Real Estate | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	200,064		123,040
Commercial Real Estate | Specialty Lending | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	1,869
Commercial Real Estate | Specialty Lending | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	483
Commercial Real Estate | Specialty Lending | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	3
Commercial Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	307,268		234,133
Allowance for Credit Losses	1,622	$ 1,636	1,318	$ 1,728	$ 1,653	$ 607
Commercial Land | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	4,299
Commercial Land | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	934
Commercial Land | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	314
Commercial Land | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	307,268		$ 234,133
Commercial Land | Small Business Banking | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	4,299
Commercial Land | Small Business Banking | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	934
Commercial Land | Small Business Banking | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	$ 314

Loans and Leases Held for In_10

Loans and Leases Held for Investment and Credit Quality - Activity in the ACL by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Allowance for Loan Losses:
Beginning Balance	$ 35,906	$ 17,550	$ 28,234	$ 14,432
Impact of adopting ASC 326			(1,321)
Charge offs	(1,825)	(169)	(4,687)	(169)
Recoveries	44	48	107	135
Provision	9,958	3,412	21,750	6,443
Ending Balance	44,083	20,841	44,083	20,841
Construction & Development
Allowance for Loan Losses:
Beginning Balance	4,823	2,236	2,732	2,042
Impact of adopting ASC 326			1,131
Provision	38	688	998	882
Ending Balance	4,861	2,924	4,861	2,924
Commercial Real Estate
Allowance for Loan Losses:
Beginning Balance	13,110	5,379	8,427	5,259
Impact of adopting ASC 326			1,916
Charge offs			(109)
Recoveries	15	6	43	14
Provision	2,972	1,463	5,820	1,575
Ending Balance	16,097	6,848	16,097	6,848
Commercial & Industrial
Allowance for Loan Losses:
Beginning Balance	16,337	8,282	15,757	6,524
Impact of adopting ASC 326			(4,561)
Charge offs	(1,825)	(145)	(4,170)	(145)
Recoveries	29	42	64	121
Provision	6,962	1,162	14,413	2,841
Ending Balance	21,503	9,341	21,503	9,341
Commercial Land
Allowance for Loan Losses:
Beginning Balance	1,636	1,653	1,318	607
Impact of adopting ASC 326			193
Charge offs		(24)	(408)	(24)
Provision	(14)	99	519	1,145
Ending Balance	$ 1,622	$ 1,728	$ 1,622	$ 1,728

Loans and Leases Held for In_11

Loans and Leases Held for Investment and Credit Quality - Schedule of Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)SecurityLoan	Jun. 30, 2019SecurityLoan	Jun. 30, 2020USD ($)SecurityLoan	Jun. 30, 2019USD ($)SecurityLoan
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	4	0	8	2
Recorded investment at period end | $	$ 5,360		$ 10,439	$ 5,328
Extended Amortization
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1		2	1
Recorded investment at period end | $	$ 4,921		$ 5,145	$ 3,475
Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	3		6	1
Recorded investment at period end | $	$ 439		$ 5,294	$ 1,853
Commercial & Industrial
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	3		6
Recorded investment at period end | $	$ 439		$ 2,106
Commercial & Industrial | Extended Amortization
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 224
Commercial & Industrial | Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	3		5
Recorded investment at period end | $	$ 439		$ 1,882
Commercial & Industrial | Small Business Banking
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	3		5
Recorded investment at period end | $	$ 439		$ 1,882
Commercial & Industrial | Small Business Banking | Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	3		5
Recorded investment at period end | $	$ 439		$ 1,882
Commercial & Industrial | Specialty Lending
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 224
Commercial & Industrial | Specialty Lending | Extended Amortization
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 224
Commercial Land
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1		1	1
Recorded investment at period end | $	$ 4,921		$ 4,921	$ 3,475
Commercial Land | Extended Amortization
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1		1	1
Recorded investment at period end | $	$ 4,921		$ 4,921	$ 3,475
Commercial Land | Small Business Banking
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1		1	1
Recorded investment at period end | $	$ 4,921		$ 4,921	$ 3,475
Commercial Land | Small Business Banking | Extended Amortization
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan	1		1	1
Recorded investment at period end | $	$ 4,921		$ 4,921	$ 3,475
Commercial Real Estate
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1	1
Recorded investment at period end | $			$ 3,412	$ 1,853
Commercial Real Estate | Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1	1
Recorded investment at period end | $			$ 3,412	$ 1,853
Commercial Real Estate | Small Business Banking
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1	1
Recorded investment at period end | $			$ 3,412	$ 1,853
Commercial Real Estate | Small Business Banking | Payment Deferral
Financing Receivable, Modifications [Line Items]
Number of Loans | SecurityLoan			1	1
Recorded investment at period end | $			$ 3,412	$ 1,853

Loans and Leases Held for In_12

Loans and Leases Held for Investment and Credit Quality - Recorded Allowance for Loan Loans Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance for loan and lease losses:
Loans and leases individually evaluated for impairment		$ 6,821
Loans and leases collectively evaluated for impairment		21,413
Total allowance for loan and lease losses	$ 44,083	28,234
Loans and leases receivable:
Loans and leases individually evaluated for impairment		57,507
Loans and leases collectively evaluated for impairment		1,739,879
Total loans and leases receivable	3,856,444	1,797,386
Construction & Development
Allowance for loan and lease losses:
Loans and leases individually evaluated for impairment		17
Loans and leases collectively evaluated for impairment		2,715
Total allowance for loan and lease losses		2,732
Loans and leases receivable:
Loans and leases individually evaluated for impairment		719
Loans and leases collectively evaluated for impairment		346,599
Total loans and leases receivable	315,771	347,318
Commercial Real Estate
Allowance for loan and lease losses:
Loans and leases individually evaluated for impairment		2,067
Loans and leases collectively evaluated for impairment		6,360
Total allowance for loan and lease losses		8,427
Loans and leases receivable:
Loans and leases individually evaluated for impairment		25,389
Loans and leases collectively evaluated for impairment		636,305
Total loans and leases receivable	874,696	661,694
Commercial & Industrial
Allowance for loan and lease losses:
Loans and leases individually evaluated for impairment		3,989
Loans and leases collectively evaluated for impairment		11,768
Total allowance for loan and lease losses		15,757
Loans and leases receivable:
Loans and leases individually evaluated for impairment		14,052
Loans and leases collectively evaluated for impairment		540,189
Total loans and leases receivable	2,358,709	554,241
Commercial Land
Allowance for loan and lease losses:
Loans and leases individually evaluated for impairment		748
Loans and leases collectively evaluated for impairment		570
Total allowance for loan and lease losses		1,318
Loans and leases receivable:
Loans and leases individually evaluated for impairment		17,347
Loans and leases collectively evaluated for impairment		216,786
Total loans and leases receivable	$ 307,268	$ 234,133

Loans and Leases Held for In_13

Loans and Leases Held for Investment and Credit Quality - Recorded Allowance for Loan Loans Receivable (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance for Loan Losses:
Total loans and leases receivable	$ 3,856,444	$ 1,797,386
Loans and leases individually evaluated for impairment		57,507
Loans receivable, fair value	834,602	824,520
Loans Insured or Guaranteed by US Government Authorities
Allowance for Loan Losses:
Total loans and leases receivable	$ 2,470,000	622,600
Loans and leases individually evaluated for impairment		$ 36,000

Loans and Leases Held for In_14

Loans and Leases Held for Investment and Credit Quality - Loans and Leases Classified as Impaired (Details) $ in Thousands	Dec. 31, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Impaired loans	$ 57,507
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	36,011
Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	21,496
Commercial & Industrial
Financing Receivable, Impaired [Line Items]
Impaired loans	14,052
Commercial & Industrial | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	7,998
Commercial & Industrial | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	6,054
Commercial & Industrial | Small Business Banking
Financing Receivable, Impaired [Line Items]
Impaired loans	11,612
Commercial & Industrial | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	7,841
Commercial & Industrial | Small Business Banking | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	3,771
Commercial & Industrial | Specialty Lending
Financing Receivable, Impaired [Line Items]
Impaired loans	2,440
Commercial & Industrial | Specialty Lending | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	157
Commercial & Industrial | Specialty Lending | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	2,283
Construction & Development
Financing Receivable, Impaired [Line Items]
Impaired loans	719
Construction & Development | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	530
Construction & Development | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	189
Construction & Development | Small Business Banking
Financing Receivable, Impaired [Line Items]
Impaired loans	719
Construction & Development | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	530
Construction & Development | Small Business Banking | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	189
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loans	25,389
Commercial Real Estate | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	14,585
Commercial Real Estate | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	10,804
Commercial Real Estate | Small Business Banking
Financing Receivable, Impaired [Line Items]
Impaired loans	23,473
Commercial Real Estate | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	13,198
Commercial Real Estate | Small Business Banking | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	10,275
Commercial Real Estate | Specialty Lending
Financing Receivable, Impaired [Line Items]
Impaired loans	1,916
Commercial Real Estate | Specialty Lending | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	1,387
Commercial Real Estate | Specialty Lending | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	529
Commercial Land
Financing Receivable, Impaired [Line Items]
Impaired loans	17,347
Commercial Land | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	12,898
Commercial Land | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	4,449
Commercial Land | Small Business Banking
Financing Receivable, Impaired [Line Items]
Impaired loans	17,347
Commercial Land | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Impaired [Line Items]
Impaired loans	12,898
Commercial Land | Small Business Banking | Unguaranteed Exposure
Financing Receivable, Impaired [Line Items]
Impaired loans	$ 4,449

Loans and Leases Held for In_15

Loans and Leases Held for Investment and Credit Quality - Impaired Loans and Leases With Associated Reserves and No Associated Reserves (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			$ 55,399
Recorded Investment, With No Recorded Allowance			2,108
Recorded Investment, Total			57,507
Loans, Unpaid Principal Balance			58,834
Loans, Related Allowance Recorded			6,821
Loans, Average Balance	$ 44,373	$ 44,547
Loans, Interest Income Recognized	434	819
Commercial & Industrial
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			14,047
Recorded Investment, With No Recorded Allowance			5
Recorded Investment, Total			14,052
Loans, Unpaid Principal Balance			14,884
Loans, Related Allowance Recorded			3,989
Loans, Average Balance	7,900	7,959
Loans, Interest Income Recognized	31	78
Commercial & Industrial | Small Business Banking
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			11,607
Recorded Investment, With No Recorded Allowance			5
Recorded Investment, Total			11,612
Loans, Unpaid Principal Balance			12,577
Loans, Related Allowance Recorded			1,967
Loans, Average Balance	7,135	7,196
Loans, Interest Income Recognized	24	54
Commercial & Industrial | Specialty Lending
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			2,440
Recorded Investment, Total			2,440
Loans, Unpaid Principal Balance			2,307
Loans, Related Allowance Recorded			2,022
Loans, Average Balance	765	763
Loans, Interest Income Recognized	7	24
Construction & Development
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			719
Recorded Investment, Total			719
Loans, Unpaid Principal Balance			706
Loans, Related Allowance Recorded			17
Construction & Development | Small Business Banking
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			719
Recorded Investment, Total			719
Loans, Unpaid Principal Balance			706
Loans, Related Allowance Recorded			17
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			23,286
Recorded Investment, With No Recorded Allowance			2,103
Recorded Investment, Total			25,389
Loans, Unpaid Principal Balance			25,845
Loans, Related Allowance Recorded			2,067
Loans, Average Balance	17,533	17,588
Loans, Interest Income Recognized	167	309
Commercial Real Estate | Small Business Banking
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			21,370
Recorded Investment, With No Recorded Allowance			2,103
Recorded Investment, Total			23,473
Loans, Unpaid Principal Balance			23,996
Loans, Related Allowance Recorded			2,055
Loans, Average Balance	15,945	16,000
Loans, Interest Income Recognized	167	309
Commercial Real Estate | Specialty Lending
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			1,916
Recorded Investment, Total			1,916
Loans, Unpaid Principal Balance			1,849
Loans, Related Allowance Recorded			12
Loans, Average Balance	1,588	1,588
Commercial Land
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			17,347
Recorded Investment, Total			17,347
Loans, Unpaid Principal Balance			17,399
Loans, Related Allowance Recorded			748
Loans, Average Balance	18,940	19,000
Loans, Interest Income Recognized	236	432
Commercial Land | Small Business Banking
Financing Receivable, Impaired [Line Items]
Recorded Investment, With a Recorded Allowance			17,347
Recorded Investment, Total			17,347
Loans, Unpaid Principal Balance			17,399
Loans, Related Allowance Recorded			$ 748
Loans, Average Balance	18,940	19,000
Loans, Interest Income Recognized	$ 236	$ 432

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)term	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Lessor Lease Description [Line Items]
Direct financing lease, interest income	$ 212	$ 267	$ 445	$ 501
Number of additional terms | term			2
Premises and equipment, net	269,063		$ 269,063		$ 279,099
Lease income	2,400	2,400	4,800	4,700
Premises and Equipment Subject to Operating Leases
Lessor Lease Description [Line Items]
Premises and equipment, net	139,400		139,400		144,300
Premises and equipment, gross	164,300		164,300		164,300
Premises and equipment, accumulated depreciation	24,900		24,900		$ 20,000
Premises and equipment, depreciation expense	$ 2,400	$ 2,400	$ 4,900	$ 4,800
Minimum
Lessor Lease Description [Line Items]
Lessor, term of contract			3 years
Term of contract	10 years		10 years
Useful life			20 years
Residual value (as a percent)	20.00%		20.00%
Maximum
Lessor Lease Description [Line Items]
Lessor, term of contract			7 years
Term of contract	15 years		15 years
Useful life			25 years
Residual value (as a percent)	50.00%		50.00%

Leases - Direct Financing Lease

Leases - Direct Financing Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Gross direct finance lease payments receivable	$ 12,452	$ 13,959
Less – unearned interest	(2,110)	(2,562)
Net investment in direct financing leases	$ 10,342	$ 11,397

Leases - Finance Lease Maturity

Leases - Finance Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 1,606
2021	3,100
2022	2,675
2023	2,233
2024	1,591
Thereafter	1,247
Total	$ 12,452	$ 13,959

Leases - Maturity Analysis of F

Leases - Maturity Analysis of Future Minimum Operating Lease Payments (Details) $ in Thousands	Jun. 30, 2020USD ($)
Leases [Abstract]
2020	$ 4,010
2021	9,052
2022	9,044
2023	9,075
2024	8,808
Thereafter	40,110
Total	$ 80,099

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Servicing Assets at Fair Value [Line Items]
Unpaid principal balance of loans serviced for others requiring recognition of a servicing asset	$ 2,250		$ 2,260
Unpaid principal balances of loan serviced for others	$ 3,070		$ 2,970
Weighted Average
Servicing Assets at Fair Value [Line Items]
Fair value of servicing rights, discount rate	13.40%	13.40%
Fair value of servicing rights, prepayment rate	18.70%	14.10%

Servicing Assets - Summary of A

Servicing Assets - Summary of Activity Pertaining to Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Servicing Asset At Fair Value Amount Roll Forward
Balance at beginning of period	$ 33,532	$ 44,324	$ 35,365	$ 47,641
Additions, net	1,873	608	4,732	1,331
Fair value changes:
Due to changes in valuation inputs or assumptions	(123)	260	(2,162)	(489)
Decay due to increases in principal paydowns or runoff	(1,448)	(3,505)	(4,101)	(6,796)
Balance at end of period	$ 33,834	$ 41,687	$ 33,834	$ 41,687

Borrowings - Total Outstanding

Borrowings - Total Outstanding Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Borrowings	$ 1,721,029		$ 14
Revolving Line of Credit
Debt Instrument [Line Items]
Borrowings	5,000	$ 50,000
Federal Reserve Bank
Debt Instrument [Line Items]
Borrowings	1,720,000
Federal Reserve Bank | Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Borrowings	1,716,018
Financing Lease Obligations
Debt Instrument [Line Items]
Borrowings	$ 11		$ 14

Borrowings - Total Outstandin_2

Borrowings - Total Outstanding Borrowings (Parenthetical) (Details) - USD ($)	May 28, 2020	Apr. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Oct. 31, 2017
Debt Instrument [Line Items]
Borrowings			$ 1,721,029,000		$ 14,000
Federal Reserve Bank
Debt Instrument [Line Items]
Borrowings			1,720,000,000
Federal Reserve Bank | Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Basis spread on variable rate		0.35%
Borrowings			1,716,018,000
Federal Reserve Bank | Paycheck Protection Program Liquidity Facility | Minimum
Debt Instrument [Line Items]
Debt instrument, maturity date		Apr. 1, 2022
Federal Reserve Bank | Paycheck Protection Program Liquidity Facility | Maximum
Debt Instrument [Line Items]
Debt instrument, maturity date		Jun. 24, 2022
Financing Lease Obligations
Debt Instrument [Line Items]
Borrowings			$ 11,000		$ 14,000
Financing Lease Obligations | Finance Lease with Unaffiliated Lease Company
Debt Instrument [Line Items]
Finance lease obligations, noncurrent						$ 19,000
Term of contract						60 months
Option to purchase equipment, amount						$ 1
Revolving Line of Credit
Debt Instrument [Line Items]
Debt instrument term			13 months
Borrowings			$ 5,000,000	$ 50,000,000
Debt instrument, principal paydown	$ 45,000,000
Current available credit facility			$ 45,000,000
Debt instrument, maturity date			Oct. 20, 2020
Line of Credit | London Interbank Offered Rate (LIBOR) | Revolving Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate			1.15%

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Repurchased agreements, borrowing capacity	$ 5,000,000	$ 5,000,000
Repurchases agreements, outstanding balance	0	0
FHLB maximum amount available	1,300,000,000	1,140,000,000
Federal Funds Purchased
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	72,500,000	72,500,000
Short term borrowings	0	0
Federal Reserve Bank Advances | Federal Reserve Bank
Debt Instrument [Line Items]
Collateral amount	1,400,000,000	526,800,000
Remaining available credit facility	1,030,000,000	294,500,000
Short term borrowings	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recorded Amount of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 779,794		$ 540,045
Loans held for sale	32,071		16,198
Loans held for investment	834,602		824,520
Servicing assets	33,834	$ 33,532	35,365	$ 41,687	$ 44,324	$ 47,641
US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	5,018		5,015
US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	20,594		22,779
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	750,549		503,297
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	32,071		16,198
Loans held for investment	834,602		824,520
Servicing assets	33,834		35,365
Equity warrant assets	855		570
Total assets at fair value	1,683,459		1,418,904
Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,633		8,954
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	0		0
Equity warrant assets	0		0
Total assets at fair value	0		0
Recurring | Level 1 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	0		0
Equity warrant assets	0		0
Total assets at fair value	782,003		542,159
Recurring | Level 2 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,539		8,862
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	32,071		16,198
Loans held for investment	834,602		824,520
Servicing assets	33,834		35,365
Equity warrant assets	855		570
Total assets at fair value	901,456		876,745
Recurring | Level 3 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	94		92
Total assets at fair value	94		92
Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	5,018		5,015
Recurring | US Treasury Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | US Treasury Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	5,018		5,015
Recurring | US Treasury Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	20,594		22,779
Recurring | US government agencies | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | US government agencies | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	20,594		22,779
Recurring | US government agencies | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	750,549		503,297
Recurring | Mortgage-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | Mortgage-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	750,549		503,297
Recurring | Mortgage-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0		0
Recurring | Mutual Fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	2,303		2,206
Recurring | Mutual Fund | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	0		0
Recurring | Mutual Fund | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	2,303		2,206
Recurring | Mutual Fund | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	$ 0		$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Recorded Amount of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Equity Warrant Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity warrant assets, fair value	$ 15		$ 179
Gain (loss) on derivative, net	138	$ (62)	106	$ 193
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of investment securities				900
Fair value adjustment gain (loss)	$ 1	$ 0	$ 2	$ (7)

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair value option that were 90 days or more past due and still accruing	$ 0		$ 0		$ 0
Unpaid principal balance of unguaranteed exposure for nonaccruals	8,500,000		8,500,000		$ 10,700,000
Loss related to borrower specific credit risk	$ 913,000	$ 1,100,000	$ 1,800,000	$ 1,700,000

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Summary of Fair Value Carrying Amount and Unpaid Principal Outstanding of Loans Under Fair Value Option (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value Option Quantitative Disclosures [Line Items]
Total Loans, Fair Value Carrying amount	$ 866,673	$ 840,718
Total Loans, Unpaid Principal Balance	897,159	859,686
Total Loans, Difference	(30,486)	(18,968)
Nonaccruals, Fair Value Carrying amount	46,221	49,739
Nonaccruals, Unpaid Principal Balance	50,536	54,370
Nonaccruals, Difference	(4,315)	(4,631)
90 Days or More Past Due, Fair Value Carrying Amount	27,312	26,644
90 Days or More Past Due, Unpaid Principal Balance	29,435	28,137
90 Days or More Past Due, Difference	(2,123)	(1,493)
Loans held for sale
Fair Value Option Quantitative Disclosures [Line Items]
Total Loans, Fair Value Carrying amount	32,071	16,198
Total Loans, Unpaid Principal Balance	34,424	17,230
Total Loans, Difference	(2,353)	(1,032)
Loans held for investment
Fair Value Option Quantitative Disclosures [Line Items]
Total Loans, Fair Value Carrying amount	834,602	824,520
Total Loans, Unpaid Principal Balance	862,735	842,456
Total Loans, Difference	(28,133)	(17,936)
Nonaccruals, Fair Value Carrying amount	46,221	49,739
Nonaccruals, Unpaid Principal Balance	50,536	54,370
Nonaccruals, Difference	(4,315)	(4,631)
90 Days or More Past Due, Fair Value Carrying Amount	27,312	26,644
90 Days or More Past Due, Unpaid Principal Balance	29,435	28,137
90 Days or More Past Due, Difference	$ (2,123)	$ (1,493)

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Schedule of Net Gains (Losses) from Changes in Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Fair Value Option Quantitative Disclosures [Line Items]
Gains (Losses) on Loans Accounted for under the Fair Value Option	$ (1,089)	$ 2,791	$ (11,727)	$ 4,874
Loans held for sale
Fair Value Option Quantitative Disclosures [Line Items]
Gains (Losses) on Loans Accounted for under the Fair Value Option	(106)	822	14	471
Loans held for investment
Fair Value Option Quantitative Disclosures [Line Items]
Gains (Losses) on Loans Accounted for under the Fair Value Option	$ (983)	$ 1,969	$ (11,741)	$ 4,403

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Summary of the Activity Pertaining to Loans Accounted for Under Fair Value Option (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Loans held for sale
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 19,151	$ 25,293	$ 16,198	$ 17,745
Issuances	13,154	6,207	16,199	19,842
Fair value changes	(106)	822	14	471
Sales		(5,644)		(11,344)
Settlements	(128)	(75)	(340)	(111)
Balance at end of period	32,071	26,603	32,071	26,603
Loans held for investment
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	831,426	868,654	824,520	885,527
Issuances	37,761	24,413	99,372	54,521
Fair value changes	(983)	1,969	(11,741)	4,403
Settlements	(33,602)	(55,956)	(77,549)	(105,371)
Balance at end of period	$ 834,602	$ 839,080	$ 834,602	$ 839,080

Fair Value of Financial Instr_9

Fair Value of Financial Instruments - Recorded Amount of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Details) - Non-recurring Fair Value - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	$ 2,056	$ 1,245
Foreclosed assets	5,660	5,612
Equity security investment with a non-readily determinable fair value		8,738
Total assets at fair value	7,716	15,595
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity security investment with a non-readily determinable fair value		8,738
Total assets at fair value		8,738
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	2,056	1,245
Foreclosed assets	5,660	5,612
Total assets at fair value	$ 7,716	$ 6,857

Fair Value of Financial Inst_10

Fair Value of Financial Instruments - Analysis of Level 3 Valuation Techniques (Details) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 1,683,459	$ 1,418,904
Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	901,456	876,745
Non-recurring Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	7,716	15,595
Non-recurring Fair Value | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	7,716	6,857
Municipal bonds | Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 94	$ 92
Municipal bonds | Discounted Expected Cash Flows | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Municipal bond, measurement input	0.041	0.046
Municipal bonds | Discounted Expected Cash Flows | Prepayment speed | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Municipal bond, measurement input	0.050	0.050
Loans held for sale | Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 32,071	$ 16,198
Loans held for sale | Minimum | Discounted Expected Cash Flows | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.051	0.077
Loans held for sale | Maximum | Discounted Expected Cash Flows | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.211	0.214
Loans held for sale | Weighted Average | Discounted Expected Cash Flows | Prepayment speed | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.186	0.131
Loans held for investment | Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 834,602	$ 824,520
Loans held for investment | Minimum | Discounted Expected Cash Flows | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.051	0.077
Loans held for investment | Minimum | Discounted Expected Cash Flows | Loss rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0	0
Loans held for investment | Minimum | Discounted appraisals | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.10	0.100
Loans held for investment | Maximum | Discounted Expected Cash Flows | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.211	0.214
Loans held for investment | Maximum | Discounted Expected Cash Flows | Loss rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.742	0.109
Loans held for investment | Maximum | Discounted appraisals | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.45	0.700
Loans held for investment | Weighted Average | Discounted Expected Cash Flows | Prepayment speed | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.186	0.131
Loans held for investment | Weighted Average | Discounted Expected Cash Flows | Loss rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.018	0.013
Equity Warrant Assets | Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 855	$ 570
Equity Warrant Assets | Black-Scholes Option Pricing Model | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.200	0.200
Equity Warrant Assets | Black-Scholes Option Pricing Model | Risk-Free Interest Rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.0066	0.0190
Equity Warrant Assets | Minimum | Black-Scholes Option Pricing Model | Expected Volatility Rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.258	0.210
Equity Warrant Assets | Minimum | Black-Scholes Option Pricing Model | Expected Term | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	5 years	8 years
Equity Warrant Assets | Maximum | Black-Scholes Option Pricing Model | Expected Volatility Rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.849	0.750
Equity Warrant Assets | Maximum | Black-Scholes Option Pricing Model | Expected Term | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	10 years	10 years
Collateral dependent loans | Non-recurring Fair Value | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 2,056	$ 1,245
Collateral dependent loans | Minimum | Discounted appraisals | Discount rate | Non-recurring Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.100	0.100
Collateral dependent loans | Maximum | Discounted appraisals | Discount rate | Non-recurring Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.550	0.570
Foreclosed assets | Non-recurring Fair Value | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 5,660	$ 5,612
Foreclosed assets | Minimum | Discounted appraisals | Discount rate | Non-recurring Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.040	0.100
Foreclosed assets | Maximum | Discounted appraisals | Discount rate | Non-recurring Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.145	0.370

Fair Value of Financial Inst_11

Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financial assets
Cash and due from banks	$ 1,256,958	$ 124,610
Federal funds sold	91,188	96,787
Certificates of deposit with other banks	7,250	7,250
Loans held for sale	32,071	16,198
Loans and leases, net of allowance for credit losses on loans and leases	834,602	824,520
Carrying Amount
Financial assets
Cash and due from banks	1,256,958	124,610
Federal funds sold	91,188	96,787
Certificates of deposit with other banks	7,250	7,250
Loans held for sale	944,523	950,249
Loans and leases, net of allowance for credit losses on loans and leases	3,771,371	1,774,532
Financial liabilities
Deposits	5,873,292	4,226,980
Borrowings	1,721,029	14
Estimate of Fair Value Measurement
Financial assets
Cash and due from banks	1,256,958	124,610
Federal funds sold	91,188	96,787
Certificates of deposit with other banks	7,753	7,568
Loans held for sale	1,022,635	1,004,135
Loans and leases, net of allowance for credit losses on loans and leases	3,928,595	1,822,569
Financial liabilities
Deposits	5,935,529	4,211,522
Borrowings	1,718,449	14
Level 1 | Estimate of Fair Value Measurement
Financial assets
Cash and due from banks	1,256,958	124,610
Federal funds sold	91,188	96,787
Certificates of deposit with other banks	7,753	7,568
Level 2 | Estimate of Fair Value Measurement
Financial liabilities
Deposits	5,935,529	4,211,522
Level 3 | Estimate of Fair Value Measurement
Financial assets
Loans held for sale	1,022,635	1,004,135
Loans and leases, net of allowance for credit losses on loans and leases	3,928,595	1,822,569
Financial liabilities
Borrowings	$ 1,718,449	$ 14

Commitments and Contingencies -

Commitments and Contingencies - Summary of Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Total unfunded off-balance-sheet credit risk	$ 1,602,311	$ 1,859,981
Commitments to Extend Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Total unfunded off-balance-sheet credit risk	1,575,314	1,834,449
Standby Letters of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Total unfunded off-balance-sheet credit risk	$ 26,997	$ 25,532

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)Customer	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
Commitment letters expiration period (in days)	90 days
Commitments for on-balance-sheet investments	$ 16.8	$ 16.9
Maximum retained credit exposure	7.5
Future minimum lease payments under non-cancelable operating leases	$ 80.1
Thirty-four Relationships
Concentration Risk [Line Items]
Number of relationships that have retained unguaranteed exposure | Customer	34
Retained credit exposure	$ 422.3
Retained exposure, amount disbursed	248.4
Four Relationships
Concentration Risk [Line Items]
Future minimum lease payments under non-cancelable operating leases	$ 57.4

Stock Plans - Narrative (Detail

Stock Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	May 24, 2016	Jun. 30, 2020	Jun. 30, 2020	May 15, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted (in shares)		0	0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs, stock options		$ 3.2	$ 3.2
Unrecognized compensation costs period recognized			2 years 1 month 9 days
Market Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs period recognized			2 years 10 months 28 days
Number of days share price must be maintained			20 days
Units earned as a percent of units awarded			100.00%
Shares, granted		0	0
Unrecognized compensation costs		$ 8	$ 8
Market Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price threshold for performance criteria (in dollars per share)			$ 34
Market Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price threshold for performance criteria (in dollars per share)			$ 55
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs, stock options		$ 15.9	$ 15.9
Unrecognized compensation costs period recognized			4 years 7 months 9 days
Shares, granted		58,348	541,679
Shares, granted, weighted average grant date fair value		$ 12.52	$ 17.39
2015 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common voting shares authorized (in shares)	7,000,000
Options or restricted shares of expiration period	10 years
Percentage of fair market value of common stock	100.00%
2015 Omnibus Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
2015 Omnibus Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common voting shares authorized (in shares)				8,750,000
2015 Omnibus Plan | Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	7 years
Annual Long Term Incentive Stock Compensation | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, granted			447,273

Significant Equity Method Inv_3

Significant Equity Method Investments - Summary of Balance Sheet Information of Equity Method Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Total assets	$ 8,209,154	$ 4,812,828
Total liabilities	7,660,719	4,280,442
Total liabilities and shareholders’ equity	8,209,154	4,812,828
Equity Method Investment Nonconsolidated Investee Or Group of Investees
Schedule Of Equity Method Investments [Line Items]
Current assets	47,724	56,710
Noncurrent assets	175,022	162,304
Total assets	222,746	219,014
Current liabilities	22,698	19,910
Noncurrent liabilities	451	683
Total liabilities	23,149	20,593
Equity interests	199,597	198,421
Total liabilities and shareholders’ equity	$ 222,746	$ 219,014

Significant Equity Method Inv_4

Significant Equity Method Investments - Summary of Income Statement Information of Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule Of Equity Method Investments [Line Items]
Net (loss) income			$ (3,825)	$ 7,307
Equity Method Investment Nonconsolidated Investee Or Group of Investees
Schedule Of Equity Method Investments [Line Items]
Total revenues	$ 16,180	$ 13,851	31,972	27,240
Net (loss) income	$ (13,053)	$ (6,100)	$ (29,486)	$ (13,220)