Live Oak Bancshares (LOB) 10-K 25 Feb 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Feb. 24, 2021	Jun. 30, 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	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Voluntary Files	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 442,026,821
Entity Emerging Growth Company	false
Entity Small Business	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Well-known Seasoned Issuer	Yes
Title of 12(b) Security	Voting Common Stock, no par value per share
Security Exchange Name	NASDAQ
Entity File Number	001-37497
Entity Incorporation, State or Country Code	NC
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
Document Transition Report	false
Document Annual Report	true
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the 2021 Annual Meeting of Shareholders, which the registrant plans to file subsequent to the date hereof, are incorporated by reference into Part III. Portions of the registrant's annual report to shareholders for the year ended December 31, 2020, which will be posted on the registrant's website subsequent to the date hereof, are incorporated by reference into Part II.
Entity Voting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		41,845,430
Entity Nonvoting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		881,875

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 297,167	$ 124,610
Federal funds sold	21,153	96,787
Certificates of deposit with other banks	6,500	7,250
Investment securities available-for-sale	750,098	540,045
Loans held for sale (includes $36,111 and $16,198 measured at fair value, respectively)	1,175,470	966,447
Loans and leases held for investment (includes $815,374 and $824,520 measured at fair value, respectively)	5,145,082	2,627,286
Allowance for credit losses on loans and leases	(52,306)	(28,234)
Net loans and leases	5,092,776	2,599,052
Premises and equipment, net	259,267	279,099
Foreclosed assets	4,155	5,612
Servicing assets	33,918	35,365
Other assets	231,799	158,561
Total assets	7,872,303	4,812,828
Deposits:
Noninterest-bearing	75,287	51,965
Interest-bearing	5,637,541	4,175,015
Total deposits	5,712,828	4,226,980
Borrowings	1,542,093	14
Other liabilities	49,532	53,448
Total liabilities	7,304,453	4,280,442
Shareholders’ equity
Retained earnings	235,724	180,265
Accumulated other comprehensive income	21,507	11,724
Total shareholders’ equity	567,850	532,386
Total liabilities and shareholders’ equity	7,872,303	4,812,828
Preferred Stock Undefined
Shareholders’ equity
Preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at December 31, 2020 and December 31, 2019
Class A Common Stock
Shareholders’ equity
Common stock	298,890	309,526
Class B Common Stock
Shareholders’ equity
Common stock	$ 11,729	$ 30,871

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Loans held-for-sale, fair value	$ 36,111	$ 16,198
Loans and leases held for Investment at fair value	$ 815,374	$ 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)	41,344,689	37,401,443
Common stock outstanding (in shares)	41,344,689	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)	1,107,757	2,915,531
Common stock outstanding (in shares)	1,107,757	2,915,531

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest income
Loans and fees on loans	$ 270,770,000	$ 207,836,000	$ 147,310,000
Investment securities, taxable	15,016,000	15,345,000	8,733,000
Other interest earning assets	2,622,000	4,799,000	6,600,000
Total interest income	288,408,000	227,980,000	162,643,000
Interest expense
Deposits	89,726,000	87,897,000	54,469,000
Borrowings	3,959,000	1,000	131,000
Total interest expense	93,685,000	87,898,000	54,600,000
Net interest income	194,723,000	140,082,000	108,043,000
Provision for loan and lease credit losses	40,658,000	15,212,000	5,558,000
Net interest income after provision for loan and lease credit losses	154,065,000	124,870,000	102,485,000
Noninterest income
Loan servicing revenue	26,600,000	28,034,000	29,121,000
Loan servicing asset revaluation	(9,958,000)	(16,581,000)	(21,224,000)
Net gains on sales of loans	49,473,000	29,002,000	75,170,000
Net (loss) gain on loans accounted for under the fair value option	(13,083,000)	7,408,000	(5,041,000)
Equity method investments income (loss)	(14,691,000)	(7,889,000)	(386,000)
Equity security investments gains (losses), net	14,909,000	3,532,000	213,000
Gain on sale of investment securities available-for-sale, net	1,880,000	620,000	0
Lease income	10,508,000	9,655,000	7,966,000
Management fee income	6,352,000	1,742,000	0
Title insurance income	0	0	2,775,000
Other noninterest income	14,010,000	7,996,000	7,671,000
Total noninterest income	86,000,000	63,519,000	96,265,000
Noninterest expense
Salaries and employee benefits	112,525,000	90,634,000	77,411,000
Travel expense	3,451,000	6,921,000	9,156,000
Professional services expense	6,359,000	6,859,000	4,878,000
Advertising and marketing expense	3,510,000	5,936,000	6,015,000
Occupancy expense	8,757,000	8,116,000	7,065,000
Data processing expense	12,344,000	9,265,000	12,010,000
Equipment expense	17,603,000	16,327,000	13,724,000
Other loan origination and maintenance expense	10,790,000	9,272,000	5,967,000
Renewable energy tax credit investment impairment	0	602,000	0
FDIC insurance	7,473,000	3,447,000	3,234,000
Title insurance closing services expense	0	0	912,000
Impairment expense on goodwill and other intangibles	0	0	2,680,000
Other expense	9,864,000	7,545,000	9,652,000
Total noninterest expense	192,676,000	164,924,000	152,704,000
Income before taxes	47,389,000	23,465,000	46,046,000
Income tax (benefit) expense	(12,154,000)	5,431,000	(5,402,000)
Net income	$ 59,543,000	$ 18,034,000	$ 51,448,000
Basic earnings per share	$ 1.46	$ 0.45	$ 1.28
Diluted earnings per share	$ 1.43	$ 0.44	$ 1.24

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 59,543	$ 18,034	$ 51,448
Other comprehensive income (loss) before tax:
Net unrealized gain (loss) on investment securities arising during the period	14,752	18,252	(526)
Reclassification adjustment for gain on sale of securities available- for-sale included in net income	(1,880)	(620)
Other comprehensive income (loss) before tax	12,872	17,632	(526)
Income tax (expense) benefit	(3,089)	(4,231)	126
Other comprehensive income (loss), net of tax	9,783	13,401	(400)
Total comprehensive income	$ 69,326	$ 31,435	$ 51,048

Consolidated Statements of Chan

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, 2017	$ 436,933		$ 317,725			$ 120,241		$ (1,033)
Beginning balance (in shares) at Dec. 31, 2017				35,252,053	4,643,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	51,448					51,448
Other comprehensive income (loss)	(400)							(400)
Issuance of restricted stock (in shares)				64,308
Tax withholding related to vesting of restricted stock and other	(756)		(756)
Employee stock purchase program	342		342
Employee stock purchase program (in shares)				14,339
Stock option exercises	1,626		1,626
Stock option exercises (in shares)				181,562
Stock option based compensation expense	1,713		1,713
Restricted stock expense	7,463		7,463
Reclassification of accumulated other comprehensive income due to tax rate change						244		(244)
Cash dividends	(4,809)					(4,809)
Ending balance at Dec. 31, 2018	493,560		328,113			167,124		(1,677)
Ending balance (in shares) at Dec. 31, 2018				35,512,262	4,643,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,034					18,034
Other comprehensive income (loss)	13,401							13,401
Issuance of restricted stock (in shares)				61,121
Tax withholding related to vesting of restricted stock and other	(409)		(409)
Employee stock purchase program	437		437
Employee stock purchase program (in shares)				29,493
Non-voting common stock converted to voting common stock in private sale (Shares)				1,727,999	(1,727,999)
Stock option exercises	508		508
Stock option exercises (in shares)				70,568
Stock option based compensation expense	1,723		1,723
Restricted stock expense	10,025		10,025
Cash dividends	(4,827)					(4,827)
Ending balance at Dec. 31, 2019	532,386		340,397			180,265		11,724
Ending balance (Accounting Standards Update 2016-02) at Dec. 31, 2019		$ (66)					$ (66)
Ending balance (in shares) at Dec. 31, 2019				37,401,443	2,915,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	59,543					59,543
Other comprehensive income (loss)	9,783							9,783
Issuance of restricted stock (in shares)				1,510,066
Tax withholding related to vesting of restricted stock and other	(49,229)		(49,229)
Employee stock purchase program	520		520
Employee stock purchase program (in shares)				39,253
Non-voting common stock converted to voting common stock in private sale (Shares)				1,807,774	(1,807,774)
Stock option exercises	$ 3,069		3,069
Stock option exercises (in shares)	563,072			496,226
Stock option based compensation expense	$ 1,594		1,594
Restricted stock expense	13,146		13,146
Issuance of common stock in connection withacquisition 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	(4,906)					(4,906)
Ending balance at Dec. 31, 2020	$ 567,850		$ 310,619			$ 235,724		$ 21,507
Ending balance (Accounting Standards Update 2016-13) at Dec. 31, 2020		$ 822					$ 822
Ending balance (in shares) at Dec. 31, 2020				41,344,689	1,107,757

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement Of Stockholders Equity [Abstract]
Cash dividends per share	$ 0.12	$ 0.12	$ 0.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income	$ 59,543,000	$ 18,034,000	$ 51,448,000
Adjustments to reconcile net income to net cash (used) provided by operating activities:
Depreciation and amortization	21,688,000	19,967,000	16,386,000
Provision for loan and lease credit losses	40,658,000	15,212,000	5,558,000
Amortization of premium on securities, net of accretion	3,359,000	507,000	802,000
Impairment expense on goodwill and other intangibles, net	0	0	2,680,000
Deferred tax (benefit) expense	(17,447,000)	1,467,000	(5,936,000)
Originations of loans held for sale	(1,183,152,000)	(1,005,165,000)	(1,079,472,000)
Proceeds from sales of loans held for sale	875,393,000	457,533,000	1,086,614,000
Net gains on sale of loans held for sale	(49,473,000)	(29,002,000)	(75,170,000)
Net loss on sale of foreclosed assets	12,000	25,000	38,000
Net loss (gain) on loans accounted for under fair value option	13,083,000	(7,408,000)	5,041,000
Net decrease in servicing assets	1,447,000	12,276,000	4,657,000
Gain on sale of investment securities available-for-sale, net	(1,880,000)	(620,000)	0
Net loss (gain) on sale or disposal of long lived asset	6,000	(357,000)
Net loss on disposal of premises and equipment	38,000	109,000	37,000
Impairment on premises and equipment, net	1,263,000
Equity method investments (income) loss	14,691,000	7,889,000	386,000
Equity security investments (gains) losses, net	(14,909,000)	(3,532,000)	(213,000)
Renewable energy tax credit investment impairment	0	602,000	0
Stock option based compensation expense	1,594,000	1,723,000	1,713,000
Restricted stock expense	13,146,000	10,025,000	7,463,000
Stock based compensation expense excess tax benefit (shortfall)	22,043,000	(125,000)	101,000
Business combination contingent consideration fair value adjustment	163,000		(260,000)
Changes in assets and liabilities:
Lease right-of-use assets and liabilities, net	42,000	126,000
Other assets	(76,315,000)	394,000	(14,040,000)
Other liabilities	2,018,000	3,896,000	(1,539,000)
Net cash (used) provided by operating activities	(272,989,000)	(496,424,000)	6,294,000
Cash flows from investing activities
Purchases of securities available-for-sale	(396,187,000)	(253,100,000)	(347,184,000)
Proceeds from sales, maturities, calls, and principal paydowns of securities available-for-sale	197,527,000	111,290,000	56,631,000
Proceeds from SBA reimbursement/sale of foreclosed assets, net	5,282,000	796,000	527,000
Business combination, net of cash acquired	(895,000)
Sale of title insurance business, net of cash sold			(209,000)
Investment in certificates of deposit with other banks			(6,750,000)
Maturities of certificates of deposit with other banks	750,000		2,500,000
Loan and lease originations and principal collections, net	(2,402,024,000)	(503,349,000)	(440,416,000)
Proceeds from sale of long lived asset	9,063,000	10,895,000
Proceeds from sale of premises and equipment	4,000		865,000
Purchases of premises and equipment, net	(20,989,000)	(37,197,000)	(111,322,000)
Net cash used by investing activities	(2,607,469,000)	(670,665,000)	(845,358,000)
Cash flows from financing activities
Net increase in deposits	1,485,848,000	1,074,909,000	891,808,000
Proceeds from borrowings	1,828,033,000		18,000
Repayment of borrowings	(285,954,000)	(1,443,000)	(25,125,000)
Stock option exercises	3,069,000	508,000	1,626,000
Employee stock purchase program	520,000	437,000	342,000
Tax withholding related to vesting of restricted stock and other	(49,229,000)	(409,000)	(756,000)
Shareholder dividend distributions	(4,906,000)	(4,827,000)	(4,809,000)
Net cash provided by financing activities	2,977,381,000	1,069,175,000	863,104,000
Net increase (decrease) in cash and cash equivalents	96,923,000	(97,914,000)	24,040,000
Cash and cash equivalents, beginning	221,397,000	319,311,000	295,271,000
Cash and cash equivalents, ending	318,320,000	221,397,000	319,311,000
Supplemental disclosure of cash flow information
Interest paid	91,801,000	87,280,000	54,106,000
Income tax paid (received), net	11,486,000	(12,293,000)	1,750,000
Supplemental disclosures of noncash operating, investing, and financing activities
Unrealized holding gains (losses) on available-for-sale securities, net of taxes	9,783,000	13,401,000	(400,000)
Transfers from loans and leases to foreclosed real estate and other repossessions	4,089,000	5,058,000	346,000
Net transfers between foreclosed real estate and SBA receivable	252,000	(281,000)	(32,000)
Transfer aircraft from premises and equipment, net to held for sale assets	17,943,000		10,467,000
Transfer of loans held for sale to loans and leases held for investment	295,981,000	277,964,000	131,266,000
Transfer of loans and leases held for investment to loans held for sale	97,341,000	39,067,000	94,154,000
Accrued premises and equipment additions		88,000	534,000
Loans to finance sale of other assets			$ 3,642,000
Right-of-use assets obtained in exchange for lessee operating lease liabilities		2,241,000
Equity method investment commitments	2,940,000	$ 16,282,000
Business combination:
Assets acquired (excluding goodwill)	2,523,000
Liabilities assumed	2,074,000
Goodwill recorded	$ 1,797,000

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	Live Oak Bancshares, Inc. Notes to Consolidated Financial Statements Note 1. Organization and Summary of Significant Accounting Policies Organization Live Oak Bancshares, Inc. (the “Company”) 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 has seven satellite sales offices across the United States. The Bank specializes in lending and deposit related services to small businesses nationwide. The Bank identifies and extends 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 Company’s wholly owned subsidiaries are the Bank, Government Loan Solutions (“GLS”), Live Oak Grove, LLC (“Grove”), Live Oak Ventures, Inc. (“Live Oak Ventures”), and Canapi Advisors, LLC (“Canapi”). 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 Number One, Inc. holds properties foreclosed on by the Bank. 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 its wholly owned subsidiary, Jolley Asset Management, LLC (“JAM”), provide high-net-worth individuals and families with strategic wealth and investment management services. See Business Combination discussion below for more information on the acquisition of JAM in 2020. 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. 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. On August 1, 2018, the Company sold Reltco Inc. and National Assurance Title, Inc. (collectively referred to as “Reltco”), two nationwide title agencies under common control. See Goodwill and Intangible Assets Basis of Presentation Dollar amounts in all tables in the Notes to Consolidated Financial Statements have been presented in thousands, except percentage, time period, stock option, share and per share data. The accounting and reporting policies of the Company and the Bank follow United States generally accepted accounting principles (“GAAP”) and general practices within the financial services industry. The following is a description of the significant accounting and reporting policies the Company follows in preparing and presenting its consolidated financial statements. The Company has evaluated subsequent events for potential recognition and/or disclosure through the date these consolidated financial statements were issued. Consolidation Policy The consolidated financial statements include the financial statements of the Company and wholly owned subsidiaries of Live Oak Banking Company, Live Oak Number One, Inc., LOCEF, Live Oak Private Wealth, LLC, JAM, GLS, Grove, Live Oak Ventures, Canapi, 504FA and Reltco. All significant intercompany balances and transactions have been eliminated in consolidation. In addition, the Company evaluates its relationships with other entities to identify whether they are variable interest entities and to assess whether it is the primary beneficiary of such entities. If the determination is made that the Company is the primary beneficiary, then that entity is included in the consolidated financial statements. If an entity is not a variable interest entity, the Company also evaluates arrangements in which there is a general partner or managing member to determine whether consolidation is appropriate. Unconsolidated investments where we have the ability to exercise significant influence over the operating and financial policies of the respective investee are accounted for using the equity method of accounting; those that are not consolidated or accounted for using the equity method of accounting are accounted for under equity security or fair value accounting. For these investments accounted for under the equity method, the Company records its investment in non-consolidated affiliates and the portion of income or loss in equity in income of non-consolidated affiliates. The Company periodically evaluates these investments for impairment. Variable Interest Entities Variable interests are defined as contractual ownership or other interests in an entity that change with fluctuations in the fair value of an entity's net asset value. The primary beneficiary consolidates the variable interest entity ("VIE"). The primary beneficiary is defined as the enterprise that has both the power to direct the activities of the VIE that most significantly impact the entity's economic performance and the obligation to absorb losses or the right to receive benefits that could be significant to the VIE. The Company has a limited interest in a partnership that owns and operates a solar renewable energy project which is accounted for as an equity method investment. Over the course of the investment, the Company will receive federal and state tax credits, tax-related benefits, and excess cash available for distribution, if any. The Company may be called to sell its interest in the limited partnerships through a call option once all investment tax credits have been recognized. This entity meets the criteria of a VIE; however, the Company is not the primary beneficiary of this entity, as the general partner has both the power to direct the activities that most significantly impact the economic performance of the entities and the obligation to absorb losses or the right to receive benefits that could be significant to the entity. While the partnership agreement allows the Company to remove the general partner, this right is not deemed to be substantive as the general partner can only be removed for cause. The Company’s investments in the unconsolidated VIE are carried in other assets on the consolidated balance sheet and the Company’s unfunded capital and other commitments related to the unconsolidated VIE are carried in other liabilities on the consolidated balance sheet. The Company’s maximum exposure to loss from this unconsolidated VIE includes the investment recorded on the Company’s consolidated balance sheet, net of unfunded capital commitments and any impairment recognized, and previously recorded tax credits which remain subject to recapture by taxing authorities based on compliance features required to be met at the project level. While the Company believes the potential for losses from this investment is remote, the maximum exposure was determined by assuming a scenario where related tax credits were recaptured. The following table provides a summary of the tax-advantaged VIE that the Company has not consolidated as of December 31, 2020 and 2019: 2020 2019 Investment carrying amount $ — $ — Maximum exposure to loss 879 1,758 Business Combinations Business combinations are accounted for by applying the acquisition method in accordance with Accounting Standards Codification (ASC) 805, Business Combinations. 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, were recorded by the Company as a result of this transaction. 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 results of operations, additional disclosures have not been included Business Segments Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Management has determined that the Company has two significant operating segments: Banking and Fintech, as discussed more fully in Note 16. Segments. In determining the appropriateness of segment definition, the Company considers the criteria of ASC 280, Segment Reporting Use of Estimates In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses on loans and leases, valuations of loans at fair value and servicing assets, restricted stock unit awards with market price conditions and income taxes. Cash and Cash Equivalents For the purpose of presentation in the consolidated statements of cash flows, cash and cash equivalents are defined as those amounts included in the balance sheet caption “cash and due from banks” and “federal funds sold.” Cash and cash equivalents have an initial maturity of three months or less. To comply with banking regulations, the Company is required to maintain certain average cash reserve balances. The daily average cash reserve requirement was temporarily suspended for the year ended December 31, 2020 due to COVID-19 crisis response and was approximately $1.0 million at December 31, 2019. Certificates of Deposit with other Banks Certificates of deposit with other banks have maturities ranging from May 2021 through November 2023 and bear interest at rates ranging from 0.15% to 3.55%. All investments in certificates of deposit are with FDIC insured financial institutions and none exceed the maximum insurable amount of $250 thousand. Investments Securities Debt securities that management has the positive intent and ability to hold to maturity are classified as “held-to-maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held-to-maturity or trading are classified as “available-for-sale” and recorded at fair value. Unrealized gains and losses for available-for-sale investment securities, other than certain credit-related impairment losses, are excluded from earnings and reported in other comprehensive income. The Company’s entire portfolio for the periods presented is classified as available-for-sale. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sales of securities are typically recorded on the trade date and are determined using the specific identification method. Other Other investments are generally non-marketable equity investments and are included in the other assets line in the consolidated balance sheets while the impact is largely reflected in the equity method investments income (loss) and equity security investments gains (losses), net line items on the consolidated statements of income Investments through which there is significant influence but not control over the investee are accounted for under the equity method. The determination of whether the Company has significant influence over an investee requires judgement based on the fact and circumstances of each investment including level of ownership, power to control and legal structure. Significant influence is generally presumed to exist in privately held companies where the Company owns at least 20%, or 5% for limited partnerships or limited liability companies in certain circumstances, or circumstances where there is ability to exercise significant influence over the investee’s operating and financial policies through board involvement or other influence. Under the equity method the Company recognizes its proportionate share of the results of operations of the investee based on most current information available. In instances where cash distributions vary at different points and/or are not directly linked to the Company’s ownership percentage the investee’s net income or loss is allocated using the hypothetical liquidation at book value (“HLBV”) method. The Company’s investment in Apiture is accounted for under the HLBV method. Investments through which the Company is not able to exercise significant influence over the investee are accounted for under as equity securities whereby investments are measured at fair value with changes in fair value recognized in net income, unless those investments have no readily determinable fair value. Investments without a readily determinable fair value are measured at cost minus impairment, if any, plus or minus changes in value resulting from observable price changes arising from orderly transactions . Management considers a range of factors when adjusting the fair value of these investments, including, but not limited to, the term and nature of the investment, market conditions, values for comparable securities, current and projected operating performance, exit strategies, financing transactions subsequent to the acquisition of the investment and a discount for certain investments that have lock-up restrictions or other features that indicate a discount to fair value is warranted. Impairment Available for Sale Securities After adoption of ASC 326, discussed more fully under Allowance for Credit Losses (“ACL”) When 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. 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 ACL 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. 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. Prior to adoption of ASC 326 At each reporting date, the Company evaluates each investment in a loss position for other than temporary impairment. The Company evaluates declines in market value below cost for debt securities by assessing the likelihood of selling the security prior to recovering its cost basis. If the Company intends to sell the debt security or it is more-likely-than-not that the Company will be required to sell the debt security prior to recovering its cost basis, the Company will write down the security to fair value with the full charge recorded in earnings. If the Company does not intend to sell the debt security and it is not more-likely-than-not that the Company will be required to sell the debt security prior to recovery, the security will not be considered other-than-temporarily impaired unless there are credit losses associated with the security. In that case: (1) where credit losses exist, the portion of the impairment related to those credit losses is recognized in earnings; (2) any remaining difference between the fair value and the cost basis should be recognized as part of other comprehensive income. Equity Securities For equity securities not accounted for at fair value, any impairment is recognized with the full charge recorded in earnings. To determine whether such equity security is impaired, the Company considers various indicators of impairment, including (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Federal Home Loan Bank Stock Membership in the Federal Home Loan Bank of Atlanta (“FHLB”) requires ownership of FHLB stock. FHLB stock is restricted because it may only be sold to the FHLB and all sales must be at par. FHLB stock is carried at cost minus impairment, if any, and is recorded within other assets in the consolidated balance sheets. FHLB stock was $ million and $ million at December 31, 20 20 and 201 9 , respectively . Loans and Leases Fair Value Option Management evaluates retained participating interests of government guaranteed loans for the fair value option election. Those loans for which the fair value option is elected are measured at fair value and are classified as both Held for Sale and Held for Investment, as outlined below. Interest income is recognized in the same manner on loans reported at fair value as on non-fair value loans, except in regard to origination fees and costs which are recognized immediately upon fair value election. The changes in fair value of loans is reported in noninterest income. Fair value of loans includes adjustments for historical credit losses, market liquidity, and economic conditions. The historical credit loss adjustment is estimated using a discounted cash flow (“DCF”) methodology for each loan which incorporates measurements of (i) probability of default (“PD”), which is the likelihood a loan or lease will stop performing, (ii) loss given default (“LGD”), which is the expected loss rate for loans or leases in default, (iii) prepayments, (iv) the estimated outstanding exposure at default (“EAD”), and (v) the effective interest rate (“EIR”). PD rates are calculated using the number of defaults divided by the number of loans available to default for 1-year observation periods over the lifetime of data available for a certain pool. LGD rates are calculated by dividing the lifetime net charge-offs for each pool by the pool’s average outstanding balance. PD and LGD rates are adjusted for forecasted national unemployment rates during the reasonable and supportable forecast period. Management has determined that Expected historical losses are calculated as the product of PD, LGD, and EAD. Expected historical losses are discounted using the loan or lease EIR, adjusted for prepayments. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. Held for Sale Management designates loans as held for sale based on its intent to sell guaranteed portions in the SBA and USDA Secondary Market and unguaranteed portions to participant banks and credit unions. Salability requirements of the guaranteed portion include, but are not limited to, full disbursement of the loan commitment amount. Loans originated and intended for sale are carried at either fair value, if the fair value option is elected, or the lower of cost or estimated fair value based on a loan-by-loan election. The cost basis of loans held for sale includes the deferral of loan origination fees and costs. Deferred fees and costs are accreted and amortized for non-fair value loans classified held for sale until the sale occurs. At loan settlement, the pro-rata portion, based on the percent of the total loan sold, of the remaining deferred fees and costs are recognized as an adjustment to the gain on sale. As part of the Company’s management of the loans held in the portfolio, the Company will occasionally transfer loans from held for investment to held for sale. Upon transfer, any associated allowance for credit losses on loans and lease loss is released and the carrying value of the loans is adjusted to the estimated fair value. The loans are subsequently accounted for at the lower of cost or fair value, or fair value if elected, with valuation changes recorded in noninterest income. Gains or losses on the sale of these loans are also recorded in noninterest income. In certain circumstances, loans designated as held for sale may later be transferred back to the held for investment loan and lease portfolio based upon the Company’s intent and ability to hold the loans for the foreseeable future. If not carried at fair value, the Company transfers these loans to loans and leases held for investment at the lower of cost or fair value and establishes a related allowance for credit losses on loans and leases. In accordance with SBA and USDA regulation, the Bank is required to retain 10% and 5% of the principal balance of any SBA 7(a) or USDA loan, respectively, comprised of unguaranteed dollars. With written consent from the SBA, the Bank may sell down to a 5% exposure comprised of unguaranteed dollars. The gain on sale recognized in income is the sum of the premium on the guaranteed loan and the fair value of the servicing assets recognized, less the discount recorded on the unguaranteed portion of the loan retained, and any fair value fluctuations in associated exchange-traded interest rate futures contracts. The following summarizes the activity pertaining to loans held for sale for the years ended December 31, 2020 and 2019: 2020 2019 Balance at beginning of year $ 966,447 $ 687,393 Originations 1,183,152 1,005,165 Proceeds from sale (875,393 ) (457,533 ) Gain on sale of loans 49,473 29,002 Principal collections, net of deferred fees and costs 50,431 (58,683 ) Non-cash transfers, net (198,640 ) (238,897 ) Balance at end of period $ 1,175,470 $ 966,447 Held for Investment Loans and leases receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are classified as held for investment and reported, based on a loan by loan election, at either fair value or their outstanding principal amount adjusted for any charge-offs, the allowance for credit losses on loans and leases, and any deferred fees or costs on originated loans and leases and unamortized premium or discount on purchased loans. For such loans not carried at fair value, loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Discounts and premiums on any purchased loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Loans and leases designated as held for investment include those identified as more beneficial to hold for the long term as well as the required retention amount defined by the SBA and USDA. Loans and leases held for investment also consist of certain guaranteed and unguaranteed credits including those designated as troubled debt restructurings, nonaccrual, non-marketable, and risk grade 5 or worse as defined by internal risk rating metrics. Interest income on loans and leases is recognized as earned on a daily accrual basis. The accrual of interest on loans and leases is discontinued when principal or interest is past due 90 days or the loan or lease is determined to be impaired. Impaired loans and leases, or portions thereof, are charged off when deemed uncollectible. 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 leased 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. 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 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. Allowance for Credit Losses 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” (“ASC 326”) 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 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 (ASC 326) The ACL is a valuation account that is deducted from the amortized cost basis of loans and leases to present a net amount expected to be collected. The ACL is not applicable to 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. The ACL is measured on a pooled basis when similar risk characteristics are present in the portfolio. The Company has identified pools based on industry, which aggregates into divisions, 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 Note 3. Loans and Leases Held for Investment and Credit Quality. Expected credit losses for pooled loans and leases are estimated using a DCF methodology for each loan which incorporates measurements of PD, LGD, prepayments, the estimated outstanding EAD, and the EIR. PD rates are calculated using the number of defaults divided by the number of loans available to default for 1-year observation periods over the lifetime of data available for a certain pool. LGD rates are calculated by dividing the lifetime net charge-offs for each pool by the pool’s average outstanding balance. PD and LGD rates are adjusted for forecasted national unemployment rates during the reasonable and supportable forecast period. Management has determined that four quarters represents a reasonable and supportable forecast period and adjusted loss rates revert back to a historical loss rate over four quarters on a straight-line basis. Management adjusts historical loss information for di

Securities

Securities	12 Months Ended
	Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]
Securities	Note 2. Securities Available-for-Sale The carrying amount of securities and their approximate fair values are reflected in the following table: December 31, 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value US government agencies $ 15,440 $ 479 $ — $ 15,919 Mortgage-backed securities 703,092 28,302 940 730,454 Municipal bonds 3,267 462 4 3,725 Total $ 721,799 $ 29,243 $ 944 $ 750,098 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 bond 8,493 469 8 8,954 Total $ 524,619 $ 16,361 $ 935 $ 540,045 During the year ended December 31, 2020, seven securities totaling $12.8 million matured and twenty The following tables show gross unrealized losses and fair value, 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 December 31, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 156,904 $ 917 $ 1,853 $ 23 $ 158,757 $ 940 Municipal bonds — — 96 4 96 4 Total $ 156,904 $ 917 $ 1,949 $ 27 $ 158,853 $ 944 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 bond — — 92 8 92 8 Total $ 42,835 $ 460 $ 36,610 $ 475 $ 79,445 $ 935 At December 31, 2020, there were three residential mortgage-backed securities and one municipal bond in unrealized loss positions for greater than 12 months and twenty-one residential mortgage-backed securities and eight commercial mortgage-backed securities in unrealized loss positions for less than 12 months. Unrealized losses at December 31, 2019 consisted of twenty-two residential mortgage-backed securities and one municipal bond for greater than 12 months and ten residential mortgage-backed securities, and ten commercial mortgage-backed securities in unrealized loss positions for less than 12 months. These unrealized losses are primarily the result of volatility in the market and are related to 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 these securities until they recover their value, none of the securities are deemed to be impaired. All residential mortgage-backed securities in the Company’s portfolio at December 31, 2020 and 2019 were backed by US government sponsored enterprises (“GSEs”). The following is a summary of investment securities by maturity: December 31, 2020 Available-for-sale Amortized cost Fair value US government agencies Within one year $ 4,999 $ 5,041 One to five years 7,515 7,779 Five to ten years 2,926 3,099 Total 15,440 15,919 Mortgage-backed securities One to five years 7,934 8,381 Five to ten years 202,991 218,849 After 10 years 492,167 503,224 Total 703,092 730,454 Municipal bonds After 10 years 3,267 3,725 Total 3,267 3,725 Total $ 721,799 $ 750,098 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 investment securities pledged at December 31, 2020 or 2019. Other Other investments, largely comprised of non-marketable equity investments, are generally accounted for under the equity method or “equity security” accounting. The below tables provide additional information related to investments accounted for under these two methods. Equity Method Accounting The carrying amount and ownership percentage of each equity method investment at December 31, 2020 and 2019 is reflected in the following table: 2020 2019 Amount Ownership % Amount Ownership % Apiture, Inc. $ 53,344 39.1 % $ 64,741 47.2 % Canapi Ventures SBIC Fund, LP (1) (3) 14,843 3.1 % 15,227 3.1 % Canapi Ventures Fund, LP (2) (3) 1,686 1.5 % 1,689 3.3 % Other fintech investments in private companies (4) 1,634 Various 4,495 Various Other (5) 6,421 Various — — Total $ 77,928 $ 86,152 (1) Includes unfunded commitments of $11.3 million and $14.8 million as of December 31, 2020 and 2019, respectively. (2) Includes unfunded commitments of $1.0 million and $1.5 million as of December 31, 2020 and 2019, respectively. (3) Investee is accounted for under equity method due to the Company's participation as an investment advisor. (4) Other fintech investments include Finxact, LLC, Payrailz, Inc. and Kwipped, Inc. (5) Includes unfunded commitments of $2.9 million at December 31, 2020. Equity Security Accounting The carrying amount of the Company’s investments in non-marketable equity securities with no readily determinable fair value and amounts recognized in earnings for the year ended December 31, 2020, and on a cumulative basis is reflected in the following table: As of and for the year ended December 31, 2020 Amount Cumulative Adjustments Carrying value (1) $ 31,146 Carrying value adjustments: Impairment — $ — Upward changes for observable prices 14,558 18,272 Downward changes for observable prices — (86 ) Net upward change $ 14,558 $ 18,186 (1) Includes $522 thousand in unfunded commitments.

Loans and Leases Held for Inves

Loans and Leases Held for Investment and Credit Quality	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Loans and Leases Held for Investment and Credit Quality	Note 3. Loans and Leases Held for Investment and Credit Quality Loan and Lease Portfolio Segments & Classes The following describes the risk characteristics relevant to each of the portfolio segments. Commercial and Industrial Commercial and industrial loans (C&I) receive similar underwriting treatment as commercial real estate loans in that the repayment source is analyzed to determine its ability to meet cash flow coverage requirements as set forth by Bank policies. Repayment of the Bank’s C&I loans generally comes from the generation of cash flow as the result of the borrower’s business operations. This business cycle itself brings a certain level of risk to the portfolio. In some instances, these loans may carry a higher degree of risk due to a variety of reasons – illiquid collateral, specialized equipment, highly depreciable assets, uncollectable accounts receivable, revolving balances, or simply being unsecured. As a result of these characteristics, the government guarantee on these loans is an important factor in mitigating risk. The Bank’s lease portfolio is included in the C&I segment. Construction and Development Construction and development loans are for the purpose of acquisition and development of land to be improved through the construction of commercial buildings. Such loans are usually paid off through the conversion to permanent financing for the long-term benefit of the borrower’s ongoing operations. At the completion of the project, if the loan is converted to permanent financing or if scheduled loan amortization begins, it is then reclassified to the Commercial Real Estate segment. Underwriting of construction and development loans typically includes analysis of not only the borrower’s financial condition and ability to meet the required debt obligations, but also the general market conditions associated with the area and type of project being funded. Commercial Real Estate Commercial real estate loans are extensions of credit secured by owner occupied and non-owner occupied collateral. Underwriting generally involves intensive analysis of the financial strength of the borrower and guarantor, liquidation value of the subject collateral, the associated unguaranteed exposure, and any available secondary sources of repayment, with the greatest emphasis given to a borrower’s capacity to meet cash flow coverage requirements as set forth by Bank policies. Such repayment of owner occupied loans is commonly derived from the successful ongoing operations of the business occupying the property. These typically include small businesses and professional practices. Commercial Land Commercial land loans are extensions of credit secured by farmland. Such loans are often for land improvements related to agricultural endeavors that may include construction of new specialized facilities. These loans are usually repaid through the conversion to permanent financing, or if scheduled loan amortization begins, for the long-term benefit of the borrower’s ongoing operations. Underwriting generally involves intensive analysis of the financial strength of the borrower and guarantor, liquidation value of the subject collateral, the associated unguaranteed exposure, and any available secondary sources of repayment, with the greatest emphasis given to a borrower’s capacity to meet cash flow coverage requirements as set forth by Bank policies. The loan and lease portfolio is further grouped into 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 (“CARES Act”) economic relief program and carry a 100% government guarantee. These loans and lease classes were determined based on industry risk characteristics and management’s method for monitoring credit risk and managing those lending divisions. Each loan and lease is assigned a risk grade during the origination and closing process based on the Credit Quality Indicators described below. Past Due Loans and Leases 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. Loans and leases less than 30 days past due and accruing are included within current loans and leases shown below. The following tables show an age analysis of past due loans and leases as of the dates presented. December 31, 2020 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 Commercial & Industrial Small Business Banking $ 695,090 $ 10,341 $ 10,765 $ 21,106 $ 716,196 $ 308,341 $ 1,024,537 Specialty Lending 341,952 337 — 337 342,289 71,090 413,379 Paycheck Protection Program 1,528,180 — — — 1,528,180 — 1,528,180 Total 2,565,222 10,678 10,765 21,443 2,586,665 379,431 2,966,096 Construction & Development Small Business Banking 183,087 — — — 183,087 — 183,087 Specialty Lending 88,890 — 3,723 3,723 92,613 — 92,613 Total 271,977 — 3,723 3,723 275,700 — 275,700 Commercial Real Estate Small Business Banking 987,358 3,730 8,609 12,339 999,697 321,352 1,321,049 Specialty Lending 148,264 5,374 1,693 7,067 155,331 20,317 175,648 Total 1,135,622 9,104 10,302 19,406 1,155,028 341,669 1,496,697 Commercial Land Small Business Banking 329,638 — 2,243 2,243 331,881 94,274 426,155 Total 329,638 — 2,243 2,243 331,881 94,274 426,155 Total $ 4,302,459 $ 19,782 $ 27,033 $ 46,815 $ 4,349,274 $ 815,374 $ 5,164,648 Net deferred (fees) costs $ (19,566 ) Loan and Leases, Net of unearned $ 5,145,082 December 31, 2019 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 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 $2.61 billion of U.S. government guaranteed loans as of December 31, 2020, of which $12.9 million is greater than 90 days past due, $16.7 million is 30-89 days past due and $2.58 billion is included in current loans and leases as presented above. As of December 31, 2019, total loans and leases include $622.6 million of U.S. government guaranteed loans, of which $6.4 million is greater than 90 days past due, $13.6 million is 30-89 days past due and $602.6 million is included in current loans and leases as presented above. (2) The Company measures the carrying value of the retained portion of loans sold at fair value under ASC 825-10. See Note 10. Fair Value of Financial Instruments for additional information. Credit Quality Indicators The Bank uses internal loan and lease reviews to assess the performance of individual loans and leases. An independent review of the loan and lease portfolio is performed annually by an external firm. The goal of the Bank’s annual review of each borrower’s financial performance is to validate the adequacy of the risk grade assigned. The Bank uses a grading system to rank the quality of each loan and lease. The grade is periodically evaluated and adjusted as performance dictates. Loan and lease grades 1 through 4 are passing grades and grade 5 is special mention. Collectively, grades 6 through 8 represent classified loans and leases in the Bank’s portfolio. The following guidelines govern the assignment of these risk grades: Exceptional (1 Rated): These loans and leases are of the highest quality, with strong, well-documented sources of repayment. These loans and leases will typically have multiple demonstrated sources of repayment with no significant identifiable risk to collection, exhibit well-qualified management, and have liquid financial statements relative to both direct and indirect obligations. Quality (2 Rated): These loans and leases are of very high credit quality, with strong, well-documented sources of repayment. These loans and leases exhibit very strong, well defined primary and secondary sources of repayment, with no significant identifiable risk of collection and have internally generated cash flow that more than adequately covers current maturities of long-term debt. Satisfactory (3 R ated): These loans and leases exhibit satisfactory credit risk and have excellent sources of repayment, with no significant identifiable risk of collection. These loans and leases have documented historical cash flow that meets or exceeds required minimum Bank guidelines, or that can be supplemented with verifiable cash flow from other sources. They have adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. Acceptable (4 Rated): These loans and leases show signs of weakness in either adequate sources of repayment or collateral but have demonstrated mitigating factors that minimize the risk of delinquency or loss. These loans and leases may have unproved, insufficient or marginal primary sources of repayment that appear sufficient to service the debt at this time. Repayment weaknesses may be due to minor operational issues, financial trends, or reliance on projected performance. They may also contain marginal or unproven secondary sources to liquidate the debt, including combinations of liquidation of collateral and liquidation value to the net worth of the borrower or guarantor. Special mention (5 Rated): These loans and leases show signs of weaknesses in either adequate sources of repayment or collateral. These loans and leases may contain underwriting guideline tolerances and/or exceptions with no mitigating factors; and/or instances where adverse economic conditions develop subsequent to origination that do not jeopardize liquidation of the debt but substantially increase the level of risk. Substandard (6 Rated): Loans and leases graded Substandard are inadequately protected by current sound net worth, paying capacity of the obligor, or pledged collateral. Loans and leases classified as Substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These loans and leases are consistently not meeting the repayment schedule. Doubtful (7 Rated): Loans and leases graded Doubtful have all the weaknesses inherent in those classified as Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. The ability of the borrower to service the debt is extremely weak, overdue status is constant, the debt has been placed on non-accrual status, and no definite repayment schedule exists. Once the loss position is determined, the amount is charged off. Loss (8 Rated): Loss rated loans and leases are considered uncollectible and of such little value that their continuance as assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this credit even though partial recovery may be affected in the future. The following tables present credit quality indicators by portfolio class: Term Loans and Leases Amortized Cost Basis by Origination Year December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total (1,2) Small Business Banking Risk Grades 1 - 4 $ 724,506 $ 475,593 $ 287,712 $ 230,653 $ 159,877 $ 59,065 $ 32,373 $ 1,392 $ 1,971,171 Risk Grade 5 16,080 59,595 62,857 44,478 11,203 3,666 2,131 212 200,222 Risk Grades 6 - 8 81 8,976 14,639 15,090 11,424 8,418 631 209 59,468 Total 740,667 544,164 365,208 290,221 182,504 71,149 35,135 1,813 2,230,861 Specialty Lending Risk Grades 1 - 4 296,537 96,553 48,930 40,626 — — 55,229 632 538,507 Risk Grade 5 7,672 6,379 2,752 18,718 — — 1,711 — 37,232 Risk Grades 6 - 8 — — 8,635 — 5,782 — 77 — 14,494 Total 304,209 102,932 60,317 59,344 5,782 — 57,017 632 590,233 Paycheck Protection Program Risk Grades 1 - 4 1,528,180 — — — — — — — 1,528,180 Risk Grade 5 — — — — — — — — — Risk Grades 6 - 8 — — — — — — — — — Total 1,528,180 — — — — — — — 1,528,180 Total $ 2,573,056 $ 647,096 $ 425,525 $ 349,565 $ 188,286 $ 71,149 $ 92,152 $ 2,445 $ 4,349,274 December 31, 2019 Total (1),(2) 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 $2.61 billion of U.S. government guaranteed loans as of December 31, 2020, segregated by risk grade as follows: Risk Grades 1 – 4 = $2.44 billion, Risk Grade 5 = $128.0 million, Risk Grades 6 – 8 = $40.9 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. (2) Excludes $815.4 million and $824.5 million of loans accounted for under the fair value option as of December 31, 2020 and December 31, 2019, respectively. Nonaccrual Loans and Leases Loans and leases that become 90 days delinquent, or in cases where there is evidence that the borrower’s ability to make the required payments is impaired, are placed in nonaccrual status and interest accrual is discontinued. If interest on nonaccrual loans and leases had been accrued in accordance with the original terms, interest income would have increased by approximately $1.9 million, $1.2 million and $646 thousand for the years ended December 31, 2020, 2019, and 2018, respectively. All nonaccrual loans and leases are included in the held for investment portfolio. Nonaccrual loans and leases as of December 31, 2020 and December 31, 2019 are as follows: December 31, 2020 Loan and Lease Balance (1) Guaranteed Balance Unguaranteed Balance Unguaranteed Exposure with No ACL Commercial & Industrial Small Business Banking $ 17,992 $ 12,046 $ 5,946 $ — Total 17,992 12,046 5,946 — Construction & Development Specialty Lending 3,723 — 3,723 3,723 Total 3,723 — 3,723 3,723 Commercial Real Estate Small Business Banking 15,085 6,725 8,360 5,327 Specialty Lending 7,068 5,533 1,535 — Total 22,153 12,258 9,895 5,327 Commercial Land Small Business Banking 2,242 1,728 514 — Total 2,242 1,728 514 — Total $ 46,110 $ 26,032 $ 20,078 $ 9,050 December 31, 2019 Loan and Lease Balance (1) Guaranteed Balance Unguaranteed Exposure 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 10. 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 December 31, 2020: Total Collateral Dependent Loans Unguaranteed Portion December 31, 2020 Real Estate Business Assets Other Real Estate Business Assets Other Allowance for Credit Losses Commercial & Industrial Small Business Banking $ 1,279 $ 9,440 $ 197 $ 531 $ 4,077 $ 66 $ 1,281 Total 1,279 9,440 197 531 4,077 66 1,281 Construction & Development Specialty Lending 3,767 — — 3,767 — — — Total 3,767 — — 3,767 — — — Commercial Real Estate Small Business Banking 11,568 258 332 6,873 9 335 175 Specialty Lending 13,196 — — 7,663 — — 23 Total 24,764 258 332 14,536 9 335 198 Commercial Land Small Business Banking 2,263 — — 534 — — 302 Total 2,263 — — 534 — — 302 Total $ 32,073 $ 9,698 $ 529 $ 19,368 $ 4,086 $ 401 $ 1,781 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. Organization and Summary of Significant Accounting Policies for a description of the methodologies used to estimate credit losses under ASC 326 and, for prior periods, ASC 405 and ASC 310. The following tables detail activity in the allowance for credit losses for the periods presented: Commercial & Industrial Construction & Development Commercial Real Estate Commercial Land Total December 31, 2020 Beginning Balance, prior to adoption of ASC 326 $ 15,757 $ 2,732 $ 8,427 $ 1,318 $ 28,234 Impact of adopting ASC 326 (4,561 ) 1,131 1,916 193 (1,321 ) Charge offs (4,401 ) — (10,347 ) (644 ) (15,392 ) Recoveries 84 — 28 15 127 Provision 20,062 1,800 18,124 672 40,658 Ending Balance $ 26,941 $ 5,663 $ 18,148 $ 1,554 $ 52,306 December 31, 2019 Beginning Balance $ 6,524 $ 2,042 $ 5,259 $ 607 $ 14,432 Charge offs (887 ) — (615 ) (173 ) (1,675 ) Recoveries 246 — 18 1 265 Provision 9,874 690 3,765 883 15,212 Ending Balance $ 15,757 $ 2,732 $ 8,427 $ 1,318 $ 28,234 December 31, 2018 Beginning Balance $ 4,007 $ 2,030 $ 3,509 $ 445 $ 9,991 Charge offs (1,073 ) — (194 ) — (1,267 ) Recoveries 120 — 30 — 150 Provision 3,470 12 1,914 162 5,558 Ending Balance $ 6,524 $ 2,042 $ 5,259 $ 607 $ 14,432 The following tables detail the recorded allowance for credit losses and the investment in loans and lease related to each portfolio segment, disaggregated on the basis of impairment evaluation methodology: December 31, 2019 Commercial & Industrial Construction & Development Commercial Real Estate Commercial Land Total (1)(2) Allowance for credit losses: Loans and leases individually evaluated for impairment $ 3,989 $ 17 $ 2,067 $ 748 $ 6,821 Loans and leases collectively evaluated for impairment 11,768 2,715 6,360 570 21,413 Total allowance for credit losses $ 15,757 $ 2,732 $ 8,427 $ 1,318 $ 28,234 Loans and Leases Receivable 1 Loans and leases individually evaluated for impairment $ 14,052 $ 719 $ 25,389 $ 17,347 $ 57,507 Loans and leases collectively evaluated for impairment 540,189 346,599 636,305 216,786 1,739,879 Total loans and leases receivable $ 554,241 $ 347,318 $ 661,694 $ 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. December 31, 2019 December 31, 2018 Average Balance Interest Income Recognized Average Balance Interest Income Recognized Commercial & Industrial Small Business Banking $ 10,809 $ 137 $ 7,264 $ 66 Specialty Lending 2,249 59 768 40 Total 13,058 196 8,032 106 Construction & Development Small Business Banking 722 15 4,951 15 Specialty Lending — — — — Total 722 15 4,951 15 Commercial Real Estate Small Business Banking 22,996 632 15,693 423 Specialty Lending 1,855 10 — — Total 24,851 642 15,693 423 Commercial Land Small Business Banking 17,427 771 8,486 72 Total 17,427 771 8,486 72 Total $ 56,058 $ 1,624 $ 37,162 $ 616 The following table represent the types of TDRs that were made during the periods presented: December 31, 2020 Interest Only Payment Deferral Extend Amortization Other (1) Total TDRs (2) Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end 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 — $ — 6 $ 1,895 — $ — 1 $ 170 7 $ 2,065 Specialty Lending — — — — 2 423 — — 2 $ 423 Total — — 6 1,895 2 423 1 170 9 2,488 Construction & Development Small Business Banking — — — — 1 1,787 — — 1 $ 1,787 Total — — — — 1 1,787 — — 1 1,787 Commercial Real Estate Small Business Banking — — 2 3,738 — — — — 2 $ 3,738 Specialty Lending — — 1 3,627 — — 2 12,219 3 $ 15,846 Total — — 3 7,365 — — 2 12,219 5 19,584 Commercial Land Small Business Banking — — — — 1 4,865 — — 1 $ 4,865 Total — — — — 1 4,865 — — 1 4,865 Total — $ — 9 $ 9,260 4 $ 7,075 3 $ 12,389 16 $ 28,724 (1) Includes one small business banking interest only and rate concession TDR ($170 thousand), and two specialty lending interest only and rate concession TDRs ($12.2 million). (2) Excludes loans accounted for under the fair value option. See Note 10. Fair Value of Financial Instruments for additional information. December 31, 2019 Interest Only Payment Deferral Extend Amortization Other (1) Total TDRs (2) Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end 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 1 $ 348 — $ — — $ — — $ — 1 $ 348 Total 1 348 — — — — — — 1 348 Commercial Real Estate Small Business Banking — — 1 1,841 — — 1 259 2 2,100 Total — — 1 1,841 — — 1 259 2 2,100 Total 1 $ 348 1 $ 1,841 — $ — 1 $ 259 3 $ 2,448 (1) Includes one payment deferral and rate concession TDR ($259 thousand). (2) Excludes loans accounted for under the fair value option. See Note 10. Fair Value of Financial Instruments for additional information. December 31, 2018 Interest Only Payment Deferral Extend Amortization Other (1) Total TDRs (2) Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Construction & Development Small Business Banking 1 $ 634 — $ — 1 $ 3,067 1 $ 1,872 3 $ 5,573 Total 1 634 — — 1 3,067 1 1,872 3 5,573 Commercial Real Estate Small Business Banking — — — — — — 1 1,732 1 1,732 Total — — — — — — 1 1,732 1 1,732 Commercial Land Small Business Banking — — — — 1 6 1 3,669 2 3,675 Total — — — — 1 6 1 3,669 2 3,675 Total 1 $ 634 — $ — 2 $ 3,073 3 $ 7,273 6 $ 10,980 (1) Includes two interest only and rate concession TDRs ($1.8 million and $1.7 million), and one extend amortization and rate concession TDR ($3.7 million). (2) Excludes loans accounted for under the fair value option. See Note 10. Fair Value of Financial Instruments for additional information. Concessions made to improve a loan and lease’s performance have varying degrees of success. During the twelve months ended December 31, 2020, no TDRs that were modified within the twelve months ended December 31, 2020 subsequently defaulted. During the twelve months ended December 31, 2019, one TDR that was modified within the twelve months ended December 31, 2019 subsequently defaulted. The TDR default was a commercial real estate healthcare loan that was previously modified for payment deferral and had a recorded investment of $1.8 million at December 31, 2019. During the twelve months ended December 31, 2018, no TDRs that were modified within the twelve months ended December 31, 2018 subsequently defaulted.

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Note 4. 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 The gross lease payments receivable and the net investment included in accounts receivable for such leases are as follows: As of December 31, 2020 2019 Gross direct finance lease payments receivable $ 10,629 $ 13,959 Less - unearned interest (1,685 ) (2,562 ) Net investment in direct financing leases $ 8,944 $ 11,397 Future minimum lease payments receivable under direct finance leases are as follows: As of December 31, 2020 Amount 2021 $ 2,937 2022 2,667 2023 2,226 2024 1,582 2025 1,101 Thereafter 116 Total $ 10,629 Interest income of $838 thousand, $991 thousand and $401 thousand was recognized in the twelve months ended December 31, 2020, 2019 and 2018, respectively. Operating Leases As of December 31, 2020 and 2019, the Company had a net investment of $134.5 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 and $164.3 million and accumulated depreciation was $29.8 million and $20.0 million as of December 31, 2020 and 2019, respectively. Depreciation expense recognized on these assets for the twelve months ended December 31, 2020, 2019 and 2018 was $9.8 million, $9.7 million and $8.2 million, respectively. Lease income of $9.5 million, $9.4 million and $8.0 million was recognized in the twelve months ended December 31, 2020, 2019 and 2018, respectively. A maturity analysis of future minimum lease payments receivable under non-cancelable operating leases is as follows: As of December 31, 2020 Amount 2021 $ 9,065 2022 9,044 2023 9,075 2024 8,808 2025 8,935 Thereafter 31,175 Total $ 76,102 Lessee Lease Arrangements The Company has operating leases for real property, land, copiers and other equipment. These leases have remaining lease terms of 1 year to 26 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases. The Company has concluded that it is reasonably certain it will exercise the options to extend for only one lease, which was therefore recognized as part of the ROU asset and lease liability. The Company has a finance lease for fitness equipment, and it has a remaining lease term of approximately 1.92 years. There are no options to extend or terminate this lease. The components of lease expense are as follows: December 31, 2020 December 31, 2019 Operating lease cost $ 787 $ 669 Short-term lease cost 87 528 Finance lease cost: Amortization of right-of-use assets 5 4 Interest expense on lease liabilities — — Sublease income (29 ) (35 ) Total net lease cost $ 850 $ 1,166 Supplemental disclosure for the consolidated balance sheet related to finance leases is as follows: December 31, 2020 December 31, 2019 Operating lease right-of-use asset $ 2,522 $ 2,427 Operating lease liability 2,756 2,619 Finance lease right-of-use asset 9 13 Finance lease liability 9 14 The weighted average remaining lease term and weighted average discount rate for leases are as follows: As of December 31, 2020 December 31, 2019 Weighted average remaining lease term (years) Operating leases 12.21 13.41 Finance lease 1.92 2.92 Weighted average discount rate Operating leases 2.87 % 3.12 % Finance lease 3.10 % 3.10 % A maturity analysis of operating and finance lease liabilities is as follows: As of December 31, 2020 Operating Leases Finance Leases 2021 $ 742 $ 5 2022 724 5 2023 478 — 2024 202 — 2025 42 — Thereafter 1,202 — Total lease payments 3,390 10 Less: imputed interest (634 ) (1 ) Total lease liabilities $ 2,756 $ 9 The Company’s total rent expense related to the aforementioned leases for 2018 was $1.2 million.

Servicing Assets

Servicing Assets	12 Months Ended
	Dec. 31, 2020
Transfers And Servicing [Abstract]
Servicing Assets	Note 5. Servicing Assets Loans serviced for others are not included in the accompanying consolidated balance sheet. The unpaid principal balances of loans serviced for others requiring recognition of a servicing asset were $2.21 billion, $2.26 billion and $2.63 billion at December 31, 2020, 2019 and 2018, respectively. The unpaid principal balance for all loans serviced for others was $3.21 billion, $2.97 billion and $3.22 billion at December 31, 2020, 2019 and 2018, respectively. The following summarizes the activity pertaining to servicing rights: 2020 2019 Balance at beginning of period $ 35,365 $ 47,641 Additions, net 8,511 4,305 Fair value changes: Due to changes in valuation inputs or assumptions (1,049 ) (3,127 ) Decay due to increases in principal paydowns or runoff (8,909 ) (13,454 ) Balance at end of period $ 33,918 $ 35,365 The fair value of servicing rights was determined using a weighted average discount rate of 11.7% on December 31, 2020 and 14.1% on December 31, 2019. The fair value of servicing rights was determined using a weighted average prepayment speed of 18.8% on December 31, 2020 and 16.4% on December 31, 2019. 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 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. 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.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 6. Premises and Equipment Components of Premises and Equipment Components of premises and equipment and total accumulated depreciation at December 31, 2020 and 2019 are as follows: 2020 2019 Buildings $ 54,718 $ 54,671 Land improvements 5,180 5,180 Furniture and equipment 18,032 17,878 Computers and software 6,001 5,134 Leasehold improvements 8,068 8,078 Land 8,650 8,650 Transportation 30,496 60,947 Solar panels 164,295 164,295 Deposits on fixed assets 20,124 596 Premises and equipment, total 315,564 325,429 Less accumulated depreciation (56,297 ) (46,330 ) Premises and equipment, net of depreciation $ 259,267 $ 279,099 Deposits on fixed assets at December 31, 2020 consist primarily of a new airplane purchase, software implementation and campus improvement costs. The decrease in the fixed asset category transportation from December 31, 2019 to 2020 is primarily related to the sale of an airplane. Depreciation expense for the years ended December 31, 2020, 2019 and 2018 amounted to $21.6 million, $19.3 million and $16.0 million, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2020
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Deposits	Note 7. Deposits The types of deposits at December 31, 2020 and 2019 are: 2020 2019 Noninterest-bearing deposits $ 75,287 $ 51,965 Interest-bearing deposits: Interest-bearing checking 250,060 — Money market 117,010 86,754 Savings 2,081,561 1,101,065 Time deposits 3,188,910 2,987,196 Total 5,637,541 4,175,015 Total deposits $ 5,712,828 $ 4,226,980 The aggregate amount of time deposits in denominations of $250 thousand or more at December 31, 2020 and 2019 was approximately $644.0 million and $554.4 million, respectively. At December 31, 2020 the scheduled maturities of total time deposits are as follows: Year Amount 2021 $ 2,244,543 2022 391,969 2023 192,861 2024 167,798 2025 95,201 Thereafter 96,538 Total $ 3,188,910

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Borrowings	Note 8. Borrowings Total outstanding borrowings consisted of the following: December 31, 2020 December 31, 2019 Borrowings 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 August 12, 2025, 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 $1.53 billion borrowing was fully advanced at December 31, 2020. $ 1,527,596 $ — In September 2020, the Company renewed a revolving line of credit originally 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, with an interest rate cap of 4.25% and an interest rate floor of 2.75%. Payments are interest only with all principal and accrued interest due on October 10, 2021. 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 $12 thousand on September 20, 2020. There was an additional advance and curtailment netting to $9.5 million on December 29, 2020 and there is $35.5 million of available credit remaining at December 31, 2020. 14,488 — 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 premises and equipment 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. 9 14 Total borrowings $ 1,542,093 $ 14 The Company may purchase federal funds through unsecured federal funds lines of credit with various correspondent banks, which totaled $167.5 million and $72.5 million as of December 31, 2020 and 2019, respectively. 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 December 31, 2020 or 2019. The Company has entered into a repurchase agreement with a third party for up to $5.0 million as of December 31, 2020 and 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 December 31, 2020 and 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. As of December 31, 2020 and 2019, there was $2.01 billion and $1.14 billion, respectively, of potential borrowing capacity available under this agreement. There is no collateral pledged and no advances outstanding as of December 31, 2020 or 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 $ 2.22 b illion and $ 526.8 million as of December 31, 2020 and 2019 , respectively. At December 31, 2020 and 2019 , the Company had approximately $ 1.77 b illion and $ 294.5 million, respectively, in borrowing capacity available under these arrangements with no outstanding balance as of December 31, 2020 or 2019 .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 9. Income Taxes The components of income tax expense for the years ended December 31 are as follows: 2020 2019 2018 Current income tax (benefit) expense: Federal $ 2,071 $ 1,339 $ 585 State 3,222 2,625 (51 ) Total current tax expense 5,293 3,964 534 Deferred income tax (benefit) expense: Federal (12,946 ) 3,031 (7,868 ) State (4,501 ) (1,564 ) 1,932 Total deferred tax (benefit) expense (17,447 ) 1,467 (5,936 ) Income tax (benefit) expense, as reported $ (12,154 ) $ 5,431 $ (5,402 ) Reported income tax expense (benefit) differed from the amounts computed by applying the U.S. federal statutory income tax rate of 21% in 2020, 2019 and 2018 to income before income taxes as follows: 2020 2019 2018 Income tax expense computed at the statutory rate $ 9,952 $ 4,928 $ 9,670 State income tax (benefit) expense, net of federal (1,009 ) 838 1,485 Stock-based compensation expense (17,489 ) 443 268 Net operating loss carryback arising from CARES Act (3,732 ) — — Change in U.S. tax rate — — 244 Decrease in taxes due to investment tax credit — (1,561 ) (17,846 ) Other 124 783 777 Total income tax (benefit) expense $ (12,154 ) $ 5,431 $ (5,402 ) On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act made broad and complex changes to the U.S. tax code that affected 2018, including, but not limited to, accelerated depreciation that allows for full expensing of qualified property. The Tax Act also enacted a reduction in the U.S. federal corporate income tax rate from 35% to 21% which became effective in 2018. Components of deferred tax assets and liabilities are as follows: 2020 2019 Deferred tax assets: Tax credit carryforwards $ 21,892 $ 37,619 Allowance for loan and lease losses 19,311 11,579 Net operating loss carryforwards — 83 Mark to market on loans held for sale 25,107 10,501 Deferred loan fees and costs, net 6,535 — Stock-based compensation expense 1,805 4,918 Goodwill and intangibles 278 720 Accrued expenses 2,487 1,372 Operating lease liabilities 661 629 Other 1,036 977 Total deferred tax assets 79,112 68,398 Deferred tax liabilities: Net unrealized losses on equity method investments 11,417 14,703 Unguaranteed loan discount 12,612 13,076 Premises and equipment 39,847 45,291 Deferred loan fees and costs, net — 1,417 Net unrealized gains on equity securities 4,386 891 Net unrealized gains on securities available for sale 6,792 3,702 Operating lease right-of-use assets 605 584 Other 843 482 Total deferred tax liabilities 76,502 80,146 Net deferred tax asset (liability) $ 2,610 $ (11,748 ) The Company has recorded a deferred tax asset of $21.9 million related to federal tax credit carryforwards which will begin to expire in 2037. Management assesses the realizability of deferred tax assets at each reporting period and considers whether it is more likely than not that a deferred tax asset will not be realized. The realization of a deferred tax asset is dependent upon the generation of future taxable income during periods in which the related temporary difference becomes deductible or realizable prior to its expiration. Management considers projected future taxable income, scheduled reversal of deferred tax liabilities, cessation of investing in renewable energy assets that generate investment tax credits and tax planning strategies in making this assessment. Based on these considerations, management believes it is more likely than not that the deferred tax assets will be realized. The Company does not have any material uncertain tax positions and does not have any interest and penalties recorded in the income statement for the years ended December 31, 2020, 2019 and 2018. The Company files a consolidated income tax return in the U.S. federal tax jurisdiction. Generally, the Company’s federal and state tax returns are no longer subject to examination by the taxing authorities for years prior to 2015.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 10. 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 Level 2 Level 3 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 US government agency securities, mortgage-backed securities, obligations of states and political subdivisions and certain corporate, asset backed 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 typically determined based on discounted cash flow analyses and adjusted, as appropriate, to reflect current market conditions and borrower-specific credit risk. Loans held for investment: The fair values of loans held for investment are typically determined based on discounted cash flow analyses and 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 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 our private company portfolio. 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. December 31, 2020 Total Level 1 Level 2 Level 3 Investment securities available-for-sale US government agencies $ 15,919 $ — $ 15,919 $ — Mortgage-backed securities 730,454 — 730,454 — Municipal bonds 1 3,725 — 3,629 96 Loans held for sale 36,111 — — 36,111 Loans held for investment 815,374 — — 815,374 Servicing assets 2 33,918 — — 33,918 Mutual fund 2,351 — 2,351 — Equity warrant assets 3 908 — — 908 Total assets at fair value $ 1,638,760 $ — $ 752,353 $ 886,407 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 bond 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 year ended December 31, 2020, the Company recorded a fair value adjustment gain of $4 thousand. During the year ended December 31, 2019, the Company sold $900 thousand of a municipal bond to a third party and recorded a fair value adjustment loss of $8 thousand. 2 See Note 5 for a rollforward of recurring Level 3 fair values for servicing assets. 3 During the year ended December 31, 2020, the Company entered into equity warrant assets with a fair value of $203 thousand at the time of issuance, recorded net gains on derivative instruments of $168 thousand, and settlements of $33 thousand. During the year ended December 31, 2019, the Company entered into equity warrant assets with a fair value of $97 thousand at the time of issuance, recorded net losses on derivative instruments of $53 thousand, and no settlements. 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 December 31, 2020 or December 31, 2019. The unpaid principal balance of unguaranteed exposure for nonaccruals was $6.9 million and $10.7 million at December 31, 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 December 31, 2020 and December 31, 2019. December 31, 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 $ 36,111 $ 38,135 $ (2,024 ) $ — $ — $ — $ — $ — $ — Loans held for investment 815,374 845,082 (29,708 ) 35,499 39,318 (3,819 ) 25,532 28,741 (3,209 ) $ 851,485 $ 883,217 $ (31,732 ) $ 35,499 $ 39,318 $ (3,819 ) $ 25,532 $ 28,741 $ (3,209 ) 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. Twelve Months Ended December 31, Gains (Losses) on Loans Accounted for under the Fair Value Option 2020 2019 Loans held for sale $ 232 $ 470 Loans held for investment (13,315 ) 6,938 $ (13,083 ) $ 7,408 Losses related to borrower-specific credit risk were $5.6 million and $6.3 million for the twelve months ended December 31, 2020 and 2019, respectively. The following tables summarize the activity pertaining to loans accounted for under the fair value option. Twelve Months Ended December 31, Loans held for sale 2020 2019 Balance at beginning of period $ 16,198 $ 17,745 Issuances 35,275 30,730 Fair value changes 232 470 Sales (6,082 ) (32,452 ) Settlements (9,512 ) (295 ) Balance at end of period $ 36,111 $ 16,198 Twelve Months Ended December 31, Loans held for investment 2020 2019 Balance at beginning of period $ 824,520 $ 885,527 Issuances 173,280 139,004 Fair value changes (13,315 ) 6,938 Settlements (169,111 ) (206,949 ) Balance at end of period $ 815,374 $ 824,520 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. Loans with agreed upon sales prices are classified as Level 1. 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. Long-lived asset held for sale: Long-lived assets held for sale are carried at the lower of carrying value or fair value less selling costs. Fair value is typically based upon an independent market valuation of the property which is then adjusted for the cost related to the sell the property. Long-lived assets held for sale with an independent market valuation are generally classified as nonrecurring Level 3, given the lack of observable market prices for identical assets and market discounts applied to market prices. Long-lived assets with agreed upon sales prices are classified as Level 1. Equity security investments with a non-readily determinable fair value: Equity security investments are 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 for an identical investment of the same issuer, the investment is generally classified as nonrecurring Level 1 within the valuation hierarchy. When an observable price change in an orderly transaction occurs for a similar investment of the same issuer, the investment is generally classified as nonrecurring Level 2 within the valuation hierarchy. The tables below present the recorded amount of assets and liabilities measured at fair value on a non-recurring basis. December 31, 2020 Total Level 1 Level 2 Level 3 Collateral dependent loans $ 4,159 $ — $ — $ 4,159 Foreclosed assets 4,155 — — 4,155 Long-lived asset held for sale 8,874 8,874 — — Equity security investments with a non-readily determinable fair value 25,367 — 25,367 — Total assets at fair value $ 42,555 $ 8,874 $ 25,367 $ 8,314 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 as of December 31, 2020 and December 31, 2019, the significant unobservable inputs used in the fair value measurements were as follows: December 31, 2020 Level 3 Assets with Significant Unobservable Inputs Fair Value Valuation Technique Significant Unobservable Inputs Range Recurring fair value Municipal bond $ 96 Discounted expected cash flows Discount rate Prepayment speed 4.3% 5.0% Loans held for sale $ 36,111 Discounted expected cash flows Discount rate Prepayment speed 4.2% to 18.5% WAVG 19.0% Loans held for investment $ 815,374 Discounted expected cash flows Discounted appraisals Loss rate Discount rate Prepayment speed Appraisal adjustments 0.0% to 73.2% (WAVG 1.5%) 4.2% to 18.5% WAVG 19.0% 10.0% to 83.0% Equity warrant assets $ 908 Black-Scholes option pricing model Volatility Risk-free interest rate Marketability discount Remaining life 26.5-87.1% 0.36% to 0.93% 20% 5 - 10 years Non-recurring fair value Collateral dependent loans $ 4,159 Discounted appraisals Appraisal adjustments (1) 10.0% to 83.0% Foreclosed assets $ 4,155 Discounted appraisals Appraisal adjustments (1) 10.0% to 20.0% 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 fair value information about financial instruments carried at book value on the consolidated balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The carrying amounts and estimated fair values of the Company’s financial instruments are as follows: December 31, 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 $ 297,167 $ 297,167 $ — $ — $ 297,167 Federal funds sold 21,153 21,153 — — 21,153 Certificates of deposit with other banks 6,500 6,906 — — 6,906 Loans held for sale 1,139,359 — — 1,235,122 1,235,122 Loans and leases held for investment, net of allowance for credit losses on loans and leases 4,277,402 — — 4,366,642 4,366,642 Financial liabilities Deposits 5,712,828 — 5,711,781 — 5,711,781 Borrowings 1,542,093 — — 1,542,171 1,542,171 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 held for investment, 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	12 Months Ended
	Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11. 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: December 31, 2020 December 31, 2019 Commitments to extend credit $ 2,054,910 $ 1,834,449 Standby letters of credit 22,913 25,532 Total unfunded off-balance sheet credit risk $ 2,077,823 $ 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. Commitment letters are issued after approval of the loan by the Credit Department and 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 December 31, 2020 and 2019, the Company had commitments for on-balance sheet instruments in the amount of $15.8 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 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 3. 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 exposure exceeds $7.5 million, except for fifty-one relationships that have a retained unguaranteed exposure of $676.2 million of which $387.4 million of the unguaranteed exposure has been disbursed. Additionally, the Company has future minimum lease payments receivable under non-cancelable operating leases totaling $76.1 million, of which $54.8 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.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Benefit Plans	Note 12. Benefit Plans Defined Contribution Plan The Company maintains an employee benefit plan pursuant to Section 401(k) of the Internal Revenue Code. The plan covers substantially all employees. Participants may contribute a percentage of compensation, subject to a maximum allowed under the Code. In addition, the Company makes certain matching contributions and may make additional contributions at the discretion of the board of directors. Company expense relating to the plan for the years ended December 31, 2020, 2019, and 2018 amounted to $3.9 million, $3.0 million and $2.7 million, respectively. Flexible Benefits Plan The Company maintains a Flexible Benefits Plan which covers substantially all employees. Participants may set aside pre-tax dollars to provide for future expenses such as dependent care. Employee Stock Purchase Plan The Company adopted an Employee Stock Purchase Plan (2014 ESPP) on October 8, 2014. On May 24, 2016, the 2014 ESPP was amended and the Amended and Restated Employee Stock Purchase Plan became effective (ESPP), within the meaning of Section 423 of the Internal Revenue Code of 1986, as amended. Under this plan, eligible employees are able to purchase available shares with post-tax dollars as of the grant date. In order for employees to be eligible to participate in this plan they must be employed or on an authorized leave of absence from the Company or any subsidiary immediately prior to the grant date. ESPP stock purchases cannot exceed $25 thousand in fair market value per employee per calendar year. Options to purchase shares under the ESPP are granted at a 15% discount to fair market value. Expense recognized in relation to the ESPP was $92 thousand, $77 thousand and $60 thousand for fiscal years 2020, 2019 and 2018, respectively. Stock Option 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 and restated 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 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. Forfeitures are recognized as they occur. Compensation cost relating to share-based payment transactions are recognized in the financial statements with measurement based upon the fair value of the equity or liability instruments issued. For the years ended December 31, 2020, 2019, and 2018 the Company recognized $1.5 million, $1.6 million, and $1.7 million in compensation expense for stock options, respectively. Stock option activity under the Plan during the year ended December 31, 2020 is summarized below. Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2019 2,515,727 $ 11.42 Exercised (563,072 ) 10.23 Forfeited (74,893 ) 11.55 Outstanding at December 31, 2020 1,877,762 $ 11.78 4.08 years $ 67,006,886 Exercisable at December 31, 2020 855,126 $ 10.53 3.86 years $ 31,579,415 The following is a summary of non-vested stock option activity for the Company for the years ended December 31, 2020, 2019, and 2018. Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2017 2,364,999 $ 4.65 Vested (308,373 ) 7.51 Forfeited (216,796 ) 5.90 Non-vested at December 31, 2018 1,839,830 4.60 Vested (288,394 ) 4.20 Forfeited (66,040 ) 3.50 Non-vested at December 31, 2019 1,485,396 4.73 Vested (387,867 ) 3.05 Forfeited (74,893 ) 4.52 Non-vested at December 31, 2020 1,022,636 $ 5.38 The total intrinsic value of options exercised during the years ended December 31, 2020, 2019, and 2018 was $15.9 million, $785 thousand, and $3.5 million, respectively. At December 31, 2020, unrecognized compensation costs relating to stock options amounted to $2.4 million which will be recognized over a weighted average period of 1.65 years. There were no options granted in 2020, 2019 or 2018. Restricted Stock Plan In 2010, the Company adopted a Restricted Stock Plan. Under this plan, a total of 1,350,000 shares of Common Stock were available for issuance to eligible employees. Restricted stock grants vest in equal installments ranging from immediate vesting to over a seven year period from the date of the grant. Under the 2015 Omnibus Stock Incentive Plan, which replaced the previously existing Restricted Stock Plan, during 2018, 840,150 restricted stock units were granted to eligible employees and outside directors at a weighted average grant date fair value of $19.72, of which 485,000 restricted stock units had market price conditions or non-market-related performance criteria restrictions. During 2019, 164,828 restricted stock units were granted to eligible employees and outside directors at a weighted average grant date fair value of $17.00, and 500,000 restricted stock units had market price conditions or non-market-related performance criteria restrictions at a weighted average grant date fair value of $8.81. During 2020, 586,132 restricted stock units were granted to eligible employees and outside directors at a weighted average grant date fair value of $17.78. The vesting of these grants was time based and had no market price conditions. The fair value of each restricted stock unit is based on the market value of the Company’s stock on the date of the grant. Restricted stock awards are authorized in the form of restricted stock awards or units ("RSUs") and restricted stock awards or units with a market price condition ("Market RSUs"). 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 may have 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 for at least twenty (20) consecutive trading days at any time prior to the expiration date of the grants. For the outstanding Market RSUs as of December 31, 2020, the market price conditions ranged from $45.00 to $55.00 per share. The non-market-related performance criteria had all been satisfied as of December 31, 2020. 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. The following is a summary of non-vested RSU stock activity for the Company for the year ended December 31, 2020. Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 457,401 $ 21.54 Granted 586,132 17.78 Vested (89,426 ) 20.61 Forfeited (64,268 ) 24.55 Non-vested at December 31, 2020 889,839 $ 18.94 During 2019 and 2018, the Company granted 164,828 and 355,150 RSUs, respectively. The weighted average grant date fair value for RSUs granted in 2019 and 2018 were $17.00 and $25.17, respectively. For the years ended December 31, 2020, 2019, and 2018 the Company recognized $3.5 million, $2.2 million, and $2.6 million in compensation expense for RSUs, respectively. At December 31, 2020, unrecognized compensation costs relating to RSUs amounted to $14.1 million which will be recognized over a weighted average period of 4.15 years. The following is a summary of non-vested Market RSU stock activity for the Company for the year ended December 31, 2020. Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 3,154,324 $ 8.44 Vested (2,513,233 ) 8.62 Forfeited (57,591 ) 9.25 Non-vested at December 31, 2020 583,500 $ 8.38 1 1 Adjusted for modification in 2019, as described below. During 2019 and 2018, the Company granted 500,000 and 485,000 Market RSUs with a weighted average grant date fair value of $8.81, and $7.93, as modified, respectively. The compensation expense for Market RSUs is measured based on their grant date fair value as calculated using the Monte Carlo Simulation and is recognized on a straight-line basis over the average vesting period. The Monte Carlo Simulation used 100,000 simulation paths to assess the expected date of achieving the market price criteria. Related to the 500,000 Market RSUs granted on February 11, 2019, the share price simulation was based on the Cox, Ross & Rubinstein option pricing methodology for a period of 10.0 years. The implied term of the restricted stock ranges from 4.5 to 5.8 years On February 11, 2019, 75,000 Market RSUs granted on May 14, 2018 to one employee were modified to lengthen the vesting term from 7 to 10 years and change the target stock price from $48.00 to a range of $35.00 to $48.00 per share for at least twenty (20) consecutive trading days. Additionally, 410,000 Market RSUs granted on August 10, 2018, to eleven employees were modified to lengthen the vesting term from 7 to 10 years and change the amount of Market RSUs that vest at various target stock prices to 20% per tier. As a result of the modification, the Company recognized additional compensation expense of $543 thousand for the year ended December 31, 2019. For the years ended December 31, 2020, 2019 and 2018, the Company recognized $9.7 million, $7.9 million, and $4.9 million respectively, in compensation expense for Market RSUs. For the year ended December 31, 2020, 2,513,233 Market RSUs met the performance stock price conditions for the $34, $35, $38, and $40 stock price for twenty consecutive days. The remaining expense of $2.4 million was fully recognized due to the accelerated vesting. At December 31, 2020, unrecognized compensation costs relating to Market RSUs amounted to $4.5 million which will be recognized over a weighted average period of 2.78 years. Employee/Outside Director Bonus Plan In 2014, the Company adopted a Bonus Plan whereby eligible employees and outside directors were qualified to receive quarterly and annual bonus payments based on each individual’s base pay/annual director fees and the profitability of the Company. In 2016, the Company approved a revised Incentive Compensation Plan and the payout criteria was adjusted for exceeding thresholds based on certain performance metrics and the profitability of the Company and applied to full-time employees only. Beginning in 2016, this plan no longer applied to outside directors. Total expenses related to the bonus plan for employees were $13.9 million, $7.2 million, and $632 thousand for the years ended December 31, 2020, 2019, and 2018, respectively.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2020
Regulated Operations [Abstract]
Regulatory Matters	Note 13. Regulatory Matters Dividends The Bank, as a North Carolina banking corporation, may pay dividends to shareholders provided the bank does not make distributions that reduce its capital below its applicable required capital, pursuant to North Carolina General Statutes Section 53C-4-7. However, regulatory authorities may limit payment of dividends by any bank when it is determined that such a limitation is in the public interest and is necessary to ensure financial soundness of the bank. Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. The Basel III Capital Rules, a comprehensive capital framework for U.S. banking organizations, includes quantitative measures designed to ensure capital adequacy. The Basel III Rules require the Company and the Bank to maintain (i) a minimum common equity Tier 1 ratio minimum of 4.50 percent plus a 2.50 percent “capital conservation buffer” (effectively resulting in minimum common equity Tier 1 ratio of 7.00 percent), (ii) Tier 1 risk-based capital minimum of 6.00 percent plus the capital conservation buffer (effectively resulting in a minimum Tier 1 risk-based capital ratio of 8.00 percent), (iii) total risk-based capital ratio minimum of 8.00 percent plus the capital conservation buffer (effectively resulting in a minimum total risk-based capital ratio of 10.5 percent) and (iv) Tier 1 leverage capital ratio minimum of 4.00 percent. The capital conservation buffer is designed to absorb losses during periods of economic stress and effectively increases the minimum required risk-weighted capital ratios. Failure to meet minimum capital requirements may result in certain actions by regulators that could have a direct material effect on the consolidated financial statements. As discussed in Note 1. Organization and Summary of Significant Accounting Policies, the Company recorded a cumulative effect increase to retained earnings totaling $822 thousand on January 1, 2020 as a result of the adoption of ASC 326. The Company did not elect the federal banking agencies’ transition option that allowed banking organizations to phase in the day one effects of ASC 326 on their regulatory capital ratios over multiple years. Federal bank regulatory agencies have issued an interim final rule that permits banks to neutralize the regulatory capital effects of participating in the PPPLF and clarify that PPP loans have a zero percent risk weight under applicable risk-based capital rules. Specifically, a bank may exclude all PPP loans pledged as collateral to the PPPLF from its average total consolidated assets for the purposes of calculating its leverage ratio, while PPP loans that are not pledged as collateral to the PPPLF will be included. Accordingly, the Company’s PPP loans are excluded from the calculation of our leverage ratio as of December 31, 2020. Based on the most recent notification from the Federal Deposit Insurance Corporation, the Bank is well capitalized under the regulatory framework for prompt corrective action. As of December 31, 2020, the Company and the Bank met all capital adequacy requirements to which they are subject and were not aware of any conditions or events that would change each entity’s well capitalized status. Capital amounts and ratios as of December 31, 2020 and 2019, are presented in the following table. Actual Minimum Capital Requirement Minimum To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio Consolidated - December 31, 2020 Common Equity Tier 1 (to Risk-Weighted Assets) $ 521,568 12.15 % $ 193,172 4.50 % N/A N/A Total Capital (to Risk-Weighted Assets) $ 574,621 13.39 % $ 343,417 8.00 % N/A N/A Tier 1 Capital (to Risk-Weighted Assets) $ 521,568 12.15 % $ 257,563 6.00 % N/A N/A Tier 1 Capital (to Average Assets) $ 521,568 8.40 % $ 248,417 4.00 % N/A N/A Bank - December 31, 2020 Common Equity Tier 1 (to Risk-Weighted Assets) $ 470,069 11.25 % $ 188,012 4.50 % $ 271,573 6.50 % Total Capital (to Risk-Weighted Assets) $ 522,305 12.50 % $ 334,243 8.00 % $ 417,804 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 470,069 11.25 % $ 250,683 6.00 % $ 334,243 8.00 % Tier 1 Capital (to Average Assets) $ 470,069 7.60 % $ 247,288 4.00 % $ 309,110 5.00 % Consolidated - December 31, 2019 Common Equity Tier 1 (to Risk-Weighted Assets) $ 499,513 14.90 % $ 150,927 4.50 % N/A N/A Total Capital (to Risk-Weighted Assets) $ 527,747 15.74 % $ 268,315 8.00 % N/A N/A Tier 1 Capital (to Risk-Weighted Assets) $ 499,513 14.90 % $ 201,236 6.00 % N/A N/A Tier 1 Capital (to Average Assets) $ 499,513 10.65 % $ 187,582 4.00 % N/A N/A Bank - December 31, 2019 Common Equity Tier 1 (to Risk-Weighted Assets) $ 451,807 13.66 % $ 148,950 4.50 % $ 215,150 6.50 % Total Capital (to Risk-Weighted Assets) $ 480,040 14.51 % $ 264,800 8.00 % $ 331,000 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 451,807 13.66 % $ 198,600 6.00 % $ 264,800 8.00 % Tier 1 Capital (to Average Assets) $ 451,807 9.68 % $ 186,627 4.00 % $ 233,283 5.00 %

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Transactions with Related Parties	Note 14. Transactions with Related Parties The Company has entered into transactions with its directors, officers, significant shareholders, their affiliates, and equity method investments (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates, as those prevailing at the same time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal risk or present other unfavorable features. During the year ended December 31, 2020, $2.1 million of related party loans were originated with no repayments resulting in $2.1 million of related party loans as of December 31, 2020. There were no related party loans as of December 31, 2019 . Deposits from related parties held by the Company as of December 31, 2020 and 2019 amounted to $40.6 million and $46.9 million, respectively. During the year ended December 31, 2019, the Company invested $1.1 million in Plexus Fund II, III, and IV-C, L.P (“Plexus”), which is included in other assets in the consolidated balance sheets at December 31, 2020 and 2019 with a balance of $2.8 million. A member of the Company’s board of directors was also a principal of Plexus Capital, the administrator of Plexus, at the time of the investment. Plexus is accounted for as an equity security investment. During the year ended December 31, 2019, the Company invested $156 thousand in DefenseStorm, Inc. ("DefenseStorm"), which is included in other assets in the consolidated balance sheets with a balance of $2.9 million and $2.1 million as of December 31, 2020 and 2019, respectively. The Company holds voting and non-voting equity in DefenseStorm which is accounted for as an equity security investment. DefenseStorm provides a broad range of IT and cyber security solutions principally designed for financial institutions. As of December 31, 2020, the Company held approximately 5.0% of DefenseStorm on a fully diluted basis in the form of both voting and non-voting common equity, including approximately 2.6% voting control. Directors and officers of the Company and their affiliates collectively own approximately 4.7% of DefenseStorm on a fully diluted basis as of December 31, 2020, including approximately 0.8% voting control. During 2020 and 2018, the Company paid $550 thousand and $71 thousand, respectively, for cyber security event monitoring services. No payments were made for the year ended December 31, 2019. The Company has an investment in Finxact LLC ("Finxact"), a developer of core processing software and services for the banking industry, which is included in other assets in the consolidated balance sheets with a balance of $1.4 million and $4.5 million as of December 31, 2020 and 2019, respectively. As of December 31, 2020, the Company held approximately 16.1% of Finxact on a fully diluted basis in the form of both voting and non-voting equity, including approximately 5.0% voting control. This investment is accounted for as an equity method investment due to the Company's ability to exercise significant influence over financial and operating policies of Finxact. Directors and officers of the Company and their affiliates collectively own approximately 6.4% of Finxact on a fully diluted basis in the form of non-voting equity as of December 31, 2020. During 2020 and 2019, the Company paid $1.1 million and $24 thousand, respectively, for core processor services. No payments were made for the year ended December 31, 2018. The Company has an investment in Payrailz, LLC ("Payrailz"), an entity that provides digital payment services and solutions to the financial services industry, which is included in other assets in the consolidated balance sheets with no balance as of December 31, 2020 and 2019. As of December 31, 2020, the Company holds approximately 14.0% of Payrailz on a fully diluted basis in the form of voting equity. This investment is accounted for as an equity method investment due to the Company's ability to exercise significant influence over financial and operating policies of Payrailz. Certain officers and directors of the Company collectively own approximately 3.7% of Payrailz on a fully diluted basis in the form of voting equity as of December 31, 2020. No payments were made for the year ended December 31, 2020. During 2019 and 2018, the Company paid $250 thousand and $4 thousand for digital payment services. The Company’s digital banking joint venture between Live Oak Banking Company and First Data Corporation, Apiture, which is included in other assets in the consolidated balance sheets had a balance of $53.3 million and $64.7 million as of December 31, 2020 and 2019, respectively. During the years ended December 31, 2020, 2019 and 2018, the Company paid $377 thousand, $524 thousand and $5.5 million, respectively, for professional services. During 2020, 2019 and 2018, the Company recognized income of $782 thousand, $446 thousand and $255 thousand, respectively, for shared services and rent. During the year ended December 31, 2019, the Company committed to invest $1.8 million in Canapi Ventures Fund, L.P. (“The Fund”), an investment fund which centers around early to growth stage financial technology companies. During 2020 and 2019, $507 thousand and $257 thousand of the commitment was invested, respectively. The Fund is included in other assets in the consolidated balance sheets with a balance of $1.7 million as of December 31, 2020 and 2019. The Fund is accounted for as an equity method investment. During the year ended December 31, 2019, the Company committed to invest $15.2 million in Canapi Ventures SBIC Fund, L.P. (“The SBIC Fund”), an investment fund which centers around early to growth stage financial technology companies. During 2020 and 2019, $3.4 million and $461 thousand of the commitment was invested, respectively. The SBIC Fund is included in other assets in the consolidated balance sheets with a balance of $14.8 million and $15.2 million as of December 31, 2020 and 2019, respectively. The SBIC Fund is accounted for as an equity method investment. During the year ended December 31, 2019, the Company invested $300 thousand in Kwipped, Inc. (“Kwipped”), a marketplace platform for renting and leasing equipment, which is included in other assets in the consolidated balance sheets with a balance of $280 thousand and $300 thousand as of December 31, 2020 and 2019, respectively. As of December 31, 2020, the Company holds approximately 3.6% of Kwipped on a fully diluted basis in the form of voting equity. During 2019, this investment was accounted for as an equity security. During 2020, the Company became able to exercise significant influence over financial and operating policies of Kwipped, and therefore the Company accounted for this investment as an equity method investment. During the year ended December 31, 2020, the Company invested $2.5 million in Cape Fear Collective Impact Opportunity 1, LLC (“Cape Fear Collective”), which serves as a special purpose vehicle to purchase a portfolio of residential homes available for sale in the community. This investment is included in other assets in the consolidated balance sheet with a balance of $2.5 million as of December 31, 2020. As of December 31, 2020, the Company holds approximately 98.0% of Cape Fear Collective. This investment is accounted for as an equity method investment. During the year ended December 31, 2020, the Company committed to invest $3.9 million in Green Sun Tenant LLC (“Green Sun”), a solar income tax credit project. During the year ended December 31, 2020, $980 thousand of the commitment was invested. This investment is included in other assets in the consolidated balance sheet with a balance of $3.9 million as of December 31, 2020. As of December 31, 2020, the Company holds approximately 99.0% of Green Sun. This investment is accounted for as an equity method investment.

Significant Equity Method Inves

Significant Equity Method Investments	12 Months Ended
	Dec. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]
Significant Equity Method Investments	Note 15. Significant Equity Method Investments In accordance with Rules 3-09 and 4-08(g) 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, the investment test and the asset test described in S-X 3-05 and S-X 1-02(w). Rule 3-09 of Regulation S-X requires separate audited financial statements of an equity method investee in an annual report if either the income or investment test exceeds 20%. As of December 31, 2020, and 2019, none of our investments was considered a significant subsidiary under Rule 3-09. Rule 4-08(g) of Regulation S-X requires summarized financial information in an annual report if any of the three tests exceeds 10%. Under the income test, the Company’s proportionate share of its equity method investees' aggregated net losses exceeded the applicable threshold of 10% and is accordingly required to provide summarized financial information for these investees for all periods presented in this Form 10-K. The following table provides summarized balance sheet information for the Company’s combined equity method investments as of December 31, 2020 and 2019. The Company’s equity method investments are included in the other assets line on the consolidated balances sheet and are largely concentrated in new or emerging financial service technology companies. As of December 31, Balance sheet data 2020 2019 Current assets $ 67,843 $ 56,710 Noncurrent assets 285,018 162,304 Total assets $ 352,861 $ 219,014 Current liabilities $ 64,019 $ 19,910 Noncurrent liabilities 17,151 683 Total liabilities 81,170 20,593 Equity interests 271,691 198,421 Total liabilities and equity $ 352,861 $ 219,014 The following table provides summarized income statement information for the Company’s combined equity method investments for the years ended December 31, 2020, 2019, and 2018. Years ended December 31, Summary of operations 2020 2019 2018 Total revenues $ 68,038 $ 56,928 $ 54,418 Net loss (68,406 ) (30,367 ) (8,251 )

Segments

Segments	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segments	Note 16. Segments The Company's management reporting process measures the performance of its operating segments based on internal operating structure, which is subject to change from time to time. Accordingly, the Company operates two reportable segments for management reporting purposes as discussed below: Banking - This segment specializes in providing financing services to small businesses nationwide in targeted industries and deposit-related services to small businesses, consumers and other customers nationwide. The primary source of revenue for this segment is net interest income and secondarily the origination and sale of government guaranteed loans. Fintech - This segment is involved in making strategic investments into emerging financial technology companies. The primary sources of revenue for this segment are principally gains and losses on equity method and equity security investments and management fees. The Fintech segment is comprised of the Company's wholly owned subsidiaries Live Oak Ventures, Canapi and the Bank's investment in Apiture. The following tables provide financial information for the Company's segments. The information provided under the caption “Other” represents operations not considered to be reportable segments and/or general operating expenses of the Company, and includes the parent company, other non-bank subsidiaries and elimination adjustments to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Banking Fintech Other Consolidated As of and for the year Ended December 31, 2020 Interest income $ 288,305 $ — $ 103 $ 288,408 Interest expense 93,313 — 372 93,685 Net interest income 194,992 — (269 ) 194,723 Provision for loan and lease credit losses 40,658 — — 40,658 Noninterest income 77,512 6,567 1,921 86,000 Noninterest expense 181,555 5,510 5,611 192,676 Income tax (benefit) expense (7,171 ) 2,989 (7,972 ) (12,154 ) Net income (loss) $ 57,462 $ (1,932 ) $ 4,013 $ 59,543 Total assets $ 7,767,013 $ 83,946 $ 21,344 $ 7,872,303 As of and for the year Ended December 31, 2019 Interest income $ 227,776 $ 30 $ 174 $ 227,980 Interest expense 88,052 — (154 ) 87,898 Net interest income 139,724 30 328 140,082 Provision for loan and lease credit losses 15,067 — 145 15,212 Noninterest income 64,034 (2,436 ) 1,921 63,519 Noninterest expense 152,227 7,078 5,619 164,924 Income tax expense (benefit) 6,803 (1,218 ) (154 ) 5,431 Net income (loss) $ 29,661 $ (8,266 ) $ (3,361 ) $ 18,034 Total assets $ 4,724,537 $ 82,355 $ 5,936 $ 4,812,828 As of and for the year Ended December 31, 2018 Interest income $ 163,174 $ — $ (531 ) $ 162,643 Interest expense 55,245 — (645 ) 54,600 Net interest income 107,929 — 114 108,043 Provision for loan and lease credit losses 5,451 — 107 5,558 Noninterest income 91,681 (386 ) 4,970 96,265 Noninterest expense 130,589 619 21,496 152,704 Income tax benefit (1,744 ) — (3,658 ) (5,402 ) Net income (loss) $ 65,314 $ (1,005 ) $ (12,861 ) $ 51,448 Total assets $ 3,588,667 $ 87,554 $ (3,284 ) $ 3,672,937

Parent Company Only Financial S

Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Parent Company Only Financial Statements	Note 17. Parent Company Only Financial Statements The following balance sheets, statements of income and statements of cash flows for Live Oak Bancshares, Inc. should be read in conjunction with the consolidated financial statements and the notes thereto. Balance Sheets As of December 31, 2020 2019 Assets Cash and cash equivalents $ 11,209 $ 13,585 Investment in subsidiaries 543,740 499,335 Other assets 30,816 21,182 Total assets $ 585,765 $ 534,102 Liabilities and Shareholders' Equity Borrowings $ 14,488 $ — Other liabilities 3,427 1,716 Total liabilities 17,915 1,716 Shareholders' equity: Common stock 310,619 340,397 Retained earnings 235,724 180,265 Accumulated other comprehensive income (loss) 21,507 11,724 Total equity 567,850 532,386 Total liabilities & shareholders' equity $ 585,765 $ 534,102 Statements of Income Years ended December 31, 2020 2019 2018 Interest income $ 91 $ 236 $ 46 Interest expense 372 — 129 Net interest loss (281 ) 236 (83 ) Noninterest income: Other noninterest income 252 140 562 Total noninterest income 252 140 562 Noninterest expense: Salaries and employee benefits 17,250 12,408 10,117 Professional services expense 750 825 853 Renewable energy tax credit investment impairment — 602 — Impairment expense on goodwill and other intangibles, net — — 2,680 Other expense 1,167 999 1,844 Total noninterest expense 19,167 14,834 15,494 Net loss before equity in undistributed income of subsidiaries (19,196 ) (14,458 ) (15,015 ) Income tax benefit (7,785 ) (27 ) (3,658 ) Net loss (11,411 ) (14,431 ) (11,357 ) Equity in undistributed income of subsidiaries in excess of dividends from subsidiaries 70,954 32,465 62,805 Net income attributable to Live Oak Bancshares, Inc. $ 59,543 $ 18,034 $ 51,448 Statements of Cash Flows Years ended December 31, 2020 2019 2018 Cash flows from operating activities Net income $ 59,543 $ 18,034 $ 51,448 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed net income of subsidiaries in excess of dividends of subsidiaries (70,954 ) (32,465 ) (62,805 ) Equity used in subsidiary tax withholding related to vesting of restricted stock and other 43,507 — — Depreciation — — 199 Impairment expense on goodwill and other intangibles, net — — 2,680 Deferred income tax 1,163 (790 ) (6,633 ) Renewable energy tax credit investment impairment — 602 — Stock option based compensation expense 1,594 1,723 1,713 Restricted stock expense 13,146 10,025 7,463 Business combination contingent consideration fair value adjustments 163 — (260 ) Net change in other assets (6,706 ) 7,100 4,396 Net change in other liabilities (525 ) 1,417 142 Net cash provided by (used in) operating activities 40,931 5,646 (1,657 ) Cash flows from investing activities Capital investment in subsidiaries (6,354 ) (1,109 ) (9,325 ) Business combination, net of cash acquired (895 ) — — Purchases of premises and equipment — — (20 ) Net cash used in investing activities (7,249 ) (1,109 ) (9,345 ) Cash flows from financing activities Proceeds from borrowings 70,000 — — Repayments of borrowings (55,512 ) (1,441 ) (25,123 ) Stock option exercises 3,069 508 1,626 Employee stock purchase program 520 437 342 Tax withholding related to vesting of restricted stock and other (49,229 ) (409 ) (756 ) Shareholder dividend distributions (4,906 ) (4,827 ) (4,809 ) Net cash used in financing activities (36,058 ) (5,732 ) (28,720 ) Net change in cash and cash equivalents (2,376 ) (1,195 ) (39,722 ) Cash and cash equivalents at beginning of year 13,585 14,780 54,502 Cash and cash equivalents at end of year $ 11,209 $ 13,585 $ 14,780

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Dollar amounts in all tables in the Notes to Consolidated Financial Statements have been presented in thousands, except percentage, time period, stock option, share and per share data. The accounting and reporting policies of the Company and the Bank follow United States generally accepted accounting principles (“GAAP”) and general practices within the financial services industry. The following is a description of the significant accounting and reporting policies the Company follows in preparing and presenting its consolidated financial statements. The Company has evaluated subsequent events for potential recognition and/or disclosure through the date these consolidated financial statements were issued.
Consolidation Policy	Consolidation Policy The consolidated financial statements include the financial statements of the Company and wholly owned subsidiaries of Live Oak Banking Company, Live Oak Number One, Inc., LOCEF, Live Oak Private Wealth, LLC, JAM, GLS, Grove, Live Oak Ventures, Canapi, 504FA and Reltco. All significant intercompany balances and transactions have been eliminated in consolidation. In addition, the Company evaluates its relationships with other entities to identify whether they are variable interest entities and to assess whether it is the primary beneficiary of such entities. If the determination is made that the Company is the primary beneficiary, then that entity is included in the consolidated financial statements. If an entity is not a variable interest entity, the Company also evaluates arrangements in which there is a general partner or managing member to determine whether consolidation is appropriate. Unconsolidated investments where we have the ability to exercise significant influence over the operating and financial policies of the respective investee are accounted for using the equity method of accounting; those that are not consolidated or accounted for using the equity method of accounting are accounted for under equity security or fair value accounting. For these investments accounted for under the equity method, the Company records its investment in non-consolidated affiliates and the portion of income or loss in equity in income of non-consolidated affiliates. The Company periodically evaluates these investments for impairment.
Variable Interest Entities	Variable Interest Entities Variable interests are defined as contractual ownership or other interests in an entity that change with fluctuations in the fair value of an entity's net asset value. The primary beneficiary consolidates the variable interest entity ("VIE"). The primary beneficiary is defined as the enterprise that has both the power to direct the activities of the VIE that most significantly impact the entity's economic performance and the obligation to absorb losses or the right to receive benefits that could be significant to the VIE. The Company has a limited interest in a partnership that owns and operates a solar renewable energy project which is accounted for as an equity method investment. Over the course of the investment, the Company will receive federal and state tax credits, tax-related benefits, and excess cash available for distribution, if any. The Company may be called to sell its interest in the limited partnerships through a call option once all investment tax credits have been recognized. This entity meets the criteria of a VIE; however, the Company is not the primary beneficiary of this entity, as the general partner has both the power to direct the activities that most significantly impact the economic performance of the entities and the obligation to absorb losses or the right to receive benefits that could be significant to the entity. While the partnership agreement allows the Company to remove the general partner, this right is not deemed to be substantive as the general partner can only be removed for cause. The Company’s investments in the unconsolidated VIE are carried in other assets on the consolidated balance sheet and the Company’s unfunded capital and other commitments related to the unconsolidated VIE are carried in other liabilities on the consolidated balance sheet. The Company’s maximum exposure to loss from this unconsolidated VIE includes the investment recorded on the Company’s consolidated balance sheet, net of unfunded capital commitments and any impairment recognized, and previously recorded tax credits which remain subject to recapture by taxing authorities based on compliance features required to be met at the project level. While the Company believes the potential for losses from this investment is remote, the maximum exposure was determined by assuming a scenario where related tax credits were recaptured. The following table provides a summary of the tax-advantaged VIE that the Company has not consolidated as of December 31, 2020 and 2019: 2020 2019 Investment carrying amount $ — $ — Maximum exposure to loss 879 1,758
Business Combinations	Business Combinations Business combinations are accounted for by applying the acquisition method in accordance with Accounting Standards Codification (ASC) 805, Business Combinations. 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, were recorded by the Company as a result of this transaction. 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 results of operations, additional disclosures have not been included
Business Segments	Business Segments Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Management has determined that the Company has two significant operating segments: Banking and Fintech, as discussed more fully in Note 16. Segments. In determining the appropriateness of segment definition, the Company considers the criteria of ASC 280, Segment Reporting
Use of Estimates	Use of Estimates In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses on loans and leases, valuations of loans at fair value and servicing assets, restricted stock unit awards with market price conditions and income taxes.
Cash and Cash Equivalents	Cash and Cash Equivalents For the purpose of presentation in the consolidated statements of cash flows, cash and cash equivalents are defined as those amounts included in the balance sheet caption “cash and due from banks” and “federal funds sold.” Cash and cash equivalents have an initial maturity of three months or less. To comply with banking regulations, the Company is required to maintain certain average cash reserve balances. The daily average cash reserve requirement was temporarily suspended for the year ended December 31, 2020 due to COVID-19 crisis response and was approximately $1.0 million at December 31, 2019. Certificates of Deposit with other Banks Certificates of deposit with other banks have maturities ranging from May 2021 through November 2023 and bear interest at rates ranging from 0.15% to 3.55%. All investments in certificates of deposit are with FDIC insured financial institutions and none exceed the maximum insurable amount of $250 thousand.
Investments	Investments Securities Debt securities that management has the positive intent and ability to hold to maturity are classified as “held-to-maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held-to-maturity or trading are classified as “available-for-sale” and recorded at fair value. Unrealized gains and losses for available-for-sale investment securities, other than certain credit-related impairment losses, are excluded from earnings and reported in other comprehensive income. The Company’s entire portfolio for the periods presented is classified as available-for-sale. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sales of securities are typically recorded on the trade date and are determined using the specific identification method. Other Other investments are generally non-marketable equity investments and are included in the other assets line in the consolidated balance sheets while the impact is largely reflected in the equity method investments income (loss) and equity security investments gains (losses), net line items on the consolidated statements of income Investments through which there is significant influence but not control over the investee are accounted for under the equity method. The determination of whether the Company has significant influence over an investee requires judgement based on the fact and circumstances of each investment including level of ownership, power to control and legal structure. Significant influence is generally presumed to exist in privately held companies where the Company owns at least 20%, or 5% for limited partnerships or limited liability companies in certain circumstances, or circumstances where there is ability to exercise significant influence over the investee’s operating and financial policies through board involvement or other influence. Under the equity method the Company recognizes its proportionate share of the results of operations of the investee based on most current information available. In instances where cash distributions vary at different points and/or are not directly linked to the Company’s ownership percentage the investee’s net income or loss is allocated using the hypothetical liquidation at book value (“HLBV”) method. The Company’s investment in Apiture is accounted for under the HLBV method. Investments through which the Company is not able to exercise significant influence over the investee are accounted for under as equity securities whereby investments are measured at fair value with changes in fair value recognized in net income, unless those investments have no readily determinable fair value. Investments without a readily determinable fair value are measured at cost minus impairment, if any, plus or minus changes in value resulting from observable price changes arising from orderly transactions . Management considers a range of factors when adjusting the fair value of these investments, including, but not limited to, the term and nature of the investment, market conditions, values for comparable securities, current and projected operating performance, exit strategies, financing transactions subsequent to the acquisition of the investment and a discount for certain investments that have lock-up restrictions or other features that indicate a discount to fair value is warranted. Impairment Available for Sale Securities After adoption of ASC 326, discussed more fully under Allowance for Credit Losses (“ACL”) When 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. 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 ACL 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. 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. Prior to adoption of ASC 326 At each reporting date, the Company evaluates each investment in a loss position for other than temporary impairment. The Company evaluates declines in market value below cost for debt securities by assessing the likelihood of selling the security prior to recovering its cost basis. If the Company intends to sell the debt security or it is more-likely-than-not that the Company will be required to sell the debt security prior to recovering its cost basis, the Company will write down the security to fair value with the full charge recorded in earnings. If the Company does not intend to sell the debt security and it is not more-likely-than-not that the Company will be required to sell the debt security prior to recovery, the security will not be considered other-than-temporarily impaired unless there are credit losses associated with the security. In that case: (1) where credit losses exist, the portion of the impairment related to those credit losses is recognized in earnings; (2) any remaining difference between the fair value and the cost basis should be recognized as part of other comprehensive income. Equity Securities For equity securities not accounted for at fair value, any impairment is recognized with the full charge recorded in earnings. To determine whether such equity security is impaired, the Company considers various indicators of impairment, including (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Federal Home Loan Bank Stock Membership in the Federal Home Loan Bank of Atlanta (“FHLB”) requires ownership of FHLB stock. FHLB stock is restricted because it may only be sold to the FHLB and all sales must be at par. FHLB stock is carried at cost minus impairment, if any, and is recorded within other assets in the consolidated balance sheets. FHLB stock was $ million and $ million at December 31, 20 20 and 201 9 , respectively .
Loans and Leases	Loans and Leases Fair Value Option Management evaluates retained participating interests of government guaranteed loans for the fair value option election. Those loans for which the fair value option is elected are measured at fair value and are classified as both Held for Sale and Held for Investment, as outlined below. Interest income is recognized in the same manner on loans reported at fair value as on non-fair value loans, except in regard to origination fees and costs which are recognized immediately upon fair value election. The changes in fair value of loans is reported in noninterest income. Fair value of loans includes adjustments for historical credit losses, market liquidity, and economic conditions. The historical credit loss adjustment is estimated using a discounted cash flow (“DCF”) methodology for each loan which incorporates measurements of (i) probability of default (“PD”), which is the likelihood a loan or lease will stop performing, (ii) loss given default (“LGD”), which is the expected loss rate for loans or leases in default, (iii) prepayments, (iv) the estimated outstanding exposure at default (“EAD”), and (v) the effective interest rate (“EIR”). PD rates are calculated using the number of defaults divided by the number of loans available to default for 1-year observation periods over the lifetime of data available for a certain pool. LGD rates are calculated by dividing the lifetime net charge-offs for each pool by the pool’s average outstanding balance. PD and LGD rates are adjusted for forecasted national unemployment rates during the reasonable and supportable forecast period. Management has determined that Expected historical losses are calculated as the product of PD, LGD, and EAD. Expected historical losses are discounted using the loan or lease EIR, adjusted for prepayments. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. Held for Sale Management designates loans as held for sale based on its intent to sell guaranteed portions in the SBA and USDA Secondary Market and unguaranteed portions to participant banks and credit unions. Salability requirements of the guaranteed portion include, but are not limited to, full disbursement of the loan commitment amount. Loans originated and intended for sale are carried at either fair value, if the fair value option is elected, or the lower of cost or estimated fair value based on a loan-by-loan election. The cost basis of loans held for sale includes the deferral of loan origination fees and costs. Deferred fees and costs are accreted and amortized for non-fair value loans classified held for sale until the sale occurs. At loan settlement, the pro-rata portion, based on the percent of the total loan sold, of the remaining deferred fees and costs are recognized as an adjustment to the gain on sale. As part of the Company’s management of the loans held in the portfolio, the Company will occasionally transfer loans from held for investment to held for sale. Upon transfer, any associated allowance for credit losses on loans and lease loss is released and the carrying value of the loans is adjusted to the estimated fair value. The loans are subsequently accounted for at the lower of cost or fair value, or fair value if elected, with valuation changes recorded in noninterest income. Gains or losses on the sale of these loans are also recorded in noninterest income. In certain circumstances, loans designated as held for sale may later be transferred back to the held for investment loan and lease portfolio based upon the Company’s intent and ability to hold the loans for the foreseeable future. If not carried at fair value, the Company transfers these loans to loans and leases held for investment at the lower of cost or fair value and establishes a related allowance for credit losses on loans and leases. In accordance with SBA and USDA regulation, the Bank is required to retain 10% and 5% of the principal balance of any SBA 7(a) or USDA loan, respectively, comprised of unguaranteed dollars. With written consent from the SBA, the Bank may sell down to a 5% exposure comprised of unguaranteed dollars. The gain on sale recognized in income is the sum of the premium on the guaranteed loan and the fair value of the servicing assets recognized, less the discount recorded on the unguaranteed portion of the loan retained, and any fair value fluctuations in associated exchange-traded interest rate futures contracts. The following summarizes the activity pertaining to loans held for sale for the years ended December 31, 2020 and 2019: 2020 2019 Balance at beginning of year $ 966,447 $ 687,393 Originations 1,183,152 1,005,165 Proceeds from sale (875,393 ) (457,533 ) Gain on sale of loans 49,473 29,002 Principal collections, net of deferred fees and costs 50,431 (58,683 ) Non-cash transfers, net (198,640 ) (238,897 ) Balance at end of period $ 1,175,470 $ 966,447
Held for Investment	Held for Investment Loans and leases receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are classified as held for investment and reported, based on a loan by loan election, at either fair value or their outstanding principal amount adjusted for any charge-offs, the allowance for credit losses on loans and leases, and any deferred fees or costs on originated loans and leases and unamortized premium or discount on purchased loans. For such loans not carried at fair value, loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Discounts and premiums on any purchased loans are amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Loans and leases designated as held for investment include those identified as more beneficial to hold for the long term as well as the required retention amount defined by the SBA and USDA. Loans and leases held for investment also consist of certain guaranteed and unguaranteed credits including those designated as troubled debt restructurings, nonaccrual, non-marketable, and risk grade 5 or worse as defined by internal risk rating metrics. Interest income on loans and leases is recognized as earned on a daily accrual basis. The accrual of interest on loans and leases is discontinued when principal or interest is past due 90 days or the loan or lease is determined to be impaired. Impaired loans and leases, or portions thereof, are charged off when deemed uncollectible.
Equipment Leasing	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 leased 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. 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 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.
Allowance for Credit Losses	Allowance for Credit Losses 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” (“ASC 326”) 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 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 (ASC 326) The ACL is a valuation account that is deducted from the amortized cost basis of loans and leases to present a net amount expected to be collected. The ACL is not applicable to 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. The ACL is measured on a pooled basis when similar risk characteristics are present in the portfolio. The Company has identified pools based on industry, which aggregates into divisions, 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 Note 3. Loans and Leases Held for Investment and Credit Quality. Expected credit losses for pooled loans and leases are estimated using a DCF methodology for each loan which incorporates measurements of PD, LGD, prepayments, the estimated outstanding EAD, and the EIR. PD rates are calculated using the number of defaults divided by the number of loans available to default for 1-year observation periods over the lifetime of data available for a certain pool. LGD rates are calculated by dividing the lifetime net charge-offs for each pool by the pool’s average outstanding balance. PD and LGD rates are adjusted for forecasted national unemployment rates during the reasonable and supportable forecast period. Management has determined that four quarters represents a reasonable and supportable forecast period and adjusted loss rates revert back to a historical loss rate over four quarters on a straight-line basis. Management adjusts historical loss information for differences in current risk characteristics that are not considered within our quantitative modeling processes but are relevant in assessing the expected credit losses within our loan and lease pools. These qualitative factor adjustments generally increase management’s estimate of expected credit losses based upon the estimated level of risk. The various risk factors considered in qualitative adjustments include risk grading, delinquency levels, pool age, portfolio mix & growth rates, and the status of servicing efforts which may be impacted by natural disasters or health pandemics. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. 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”). The Company estimates reserves on individually evaluated loans and leases using a DCF methodology or through the evaluation of collateral values. 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. When interest accrual is discontinued, all unpaid accrued interest is reversed. Management has made the accounting policy election to exclude accrued interest receivable on loans from the estimate of credit losses. 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 – Loans and Leases Held for Investment (Prior to adoption of ASC 326) Prior to the adoption of ASC 326 on January 1, 2020, the Company’s methodology for determining the ACL is based on the requirements of GAAP (ASC 405 and ASC 310), the Interagency Policy Statement on the Allowance for Loan and Lease Losses and other regulatory and accounting pronouncements. The ACL is determined by the sum of three separate components: (i) the impaired loan and lease component, which addresses specific reserves for impaired loans and leases; (ii) the general reserve component, which addresses reserves for pools of homogeneous loans and leases; and (iii) an unallocated reserve component (if any) based on management’s judgment and experience. The loan and lease pools and impaired loans and leases are mutually exclusive; any loan or lease that is impaired is excluded from its homogenous pool for purposes of that pool’s reserve calculation, regardless of the level of impairment. The ACL policy for pooled loans and leases is governed in accordance with banking regulatory guidance for homogenous pools of non-impaired loans and leases that have similar risk characteristics. The Company follows a consistent and structured approach for assessing the need for reserves within each individual loan and lease pool. Quantitative allowances are calculated based on the loss experience of specific types of loans. Internal and external risk indicators are considered when calculating qualitative allowances. These risk indicators include business type concentrations, vertical maturity, unemployment rates, experience of the bank’s servicing staff, and changes in asset quality. Loans and leases are considered impaired when, based on current information and events, it is probable that the creditor 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’s criteria for individual impairment review and the methods used to estimate specific reserves under prior GAAP is the same as the criteria and methods used for individual evaluation under ASC 326. Allowance for Credit Losses – Off-Balance Sheet Credit Exposures (ASC 326) 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. The balance of the allowance for off-balance sheet credit exposures was $746 thousand and $165 thousand at December 31, 2020 and 2019, respectively, and is recorded in other expense in the consolidated income statements and other liabilities in the consolidated balance sheets.
Foreclosed Assets	Foreclosed Assets Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value less anticipated cost to sell at the date of foreclosure, establishing a new cost basis. Any write down at the time of transfer to foreclosed assets is charged to the allowance for credit losses on loans and leases. After foreclosure, valuations are periodically performed by management, and the real estate is carried at the lower of the carrying amount or fair value, less cost to sell. Subsequent write downs are charged to other loan origination and maintenance expense. Costs relating to improvement of the property are capitalized while holding costs of the property are charged to other loan origination and maintenance expense in the period incurred.
Premises and Equipment	Premises and Equipment All premises and equipment, excluding land, are carried at cost, less accumulated depreciation. Land is carried at cost. Additions and major replacements or improvements which extend useful lives of property or equipment are capitalized. Maintenance, repairs, and minor improvements are expensed as incurred. Upon retirement or other disposition of the assets, the cost and related depreciation are derecognized and any resulting gain or loss is reflected in income. Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Depreciation is computed by the straight-line method over the following generally estimated useful lives: Years Buildings 39 Transportation 5-10 Land improvements 10-15 Furniture and equipment 5-10 Computers and software 3-5 Solar panels 20-25
Servicing Assets	Servicing Assets All sales of loans are executed on a servicing retained basis. The standard SBA loan sale agreement is structured to provide the Company with a “servicing spread” paid from a portion of the interest cash flow of the loan. SBA regulations require the Bank to retain a portion of the cash flow from the interest payments received for a sold loan. The SBA retention requirement is at least 100 basis points in servicing spread while the Company's standard USDA loan sale agreement specifies a servicing spread of 40 basis points. The portion of the servicing spread that exceeds adequate compensation for the servicing function is recognized as a servicing asset, while any that is less is considered a servicing liability. Industry practice recognizes adequate compensation for servicing SBA and USDA loans as 40 basis points. The fair value of the servicing asset is measured at the discounted present value of the excess servicing spread over the expected life of the related loan using appropriate discount rates and assumptions based on industry statistics for prepayment speeds. Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets and are carried at fair value. Generally, purchased servicing rights are capitalized at the cost to acquire the rights. For sales of loans, a portion of the cost of originating the loan is allocated to the servicing right based on fair value. Fair value is based on market prices for comparable servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as adequate compensation for servicing, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses , with the prepayment speed being one of the most sensitive assumptions . Capitalized servicing rights are carried at fair value as of the reporting date. Changes to fair value are reported in loan servicing asset revaluation. The Company’s investment in a loan is allocated between the retained portion of the loan, the servicing asset, and the sold portion of the loan on the date the loan is sold. The carrying value of the retained portion of the loan is discounted based in part on the estimates derived from the Company’s comparable nonguaranteed loan sales. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned.
Derivatives Financial Instruments	Derivative Financial Instruments Interest Rate Futures Contracts The Company uses exchange-traded interest rate futures contracts to manage interest rate risk that may impact expected gains arising from future secondary market loan sales. Upon entering into a futures contract, the Company is required to pledge to the counterparty an amount of cash equal to a certain percentage of the contract amount, also known as an initial margin deposit. Subsequent payments, known as variation margin, are made or received by the Company each day to settle the daily fluctuations in the fair value of the underlying contract. As of December 31, 2020, there were no cash margin balances while the balance at December 31, 2019 was $2.7 million. Investments in these derivative contracts are subject to risks that can result in a loss of all or part of an investment. Credit risk is considered low because the counterparties are futures exchanges. The Company has not designated any derivative as a hedging instrument under applicable accounting guidance. Changes in fair value of the derivative contracts is recorded as a component of "net gains on sales of loans" on the consolidated statement of income. The Company recognized a loss of $2.6 million, $3.0 million and $68 thousand on the derivative contracts for the years ended December 31, 2020, 2019 and 2018, respectively. All derivative contracts were closed out in December 2020. The total notional amount of derivative contracts outstanding was $20.4 million and $40.3 million as of December 31, 2019 and 2018, respectively. The fair value of the derivative contracts on the balance sheet date is zero due to the daily cash settlement of contracts. Equity Warrant Assets In connection with negotiated credit facilities and certain other services, the Company may obtain equity warrant assets giving the Company the right to acquire stock in private companies in certain verticals. These assets are held for prospective investment gains and are not used to hedge any economic risks. Further, the Company does not use other derivative instruments to hedge economic risks stemming from equity warrant assets. Equity warrant assets in certain private client companies are recorded as derivatives when they contain net settlement terms and other qualifying criteria under ASC 815, Derivatives and Hedging The grant date fair values of equity warrant assets classified as derivatives received in connection with the issuance of a credit facility are deemed to be loan fees and recognized as an adjustment of loan yield through loan interest income. Similar to other loan fees, the yield adjustment related to grant date fair value of warrants is recognized over the life of that credit facility. Any changes in fair value from the grant date fair value of equity warrant assets classified as derivatives will be recognized as increases or decreases to other assets on the consolidated balance sheet and as net gains or losses on derivative instruments, in other noninterest income, a component of consolidated net income. When a portfolio company is acquired, the Company may exercise these equity warrant assets for shares or cash. The fair value of equity warrant assets classified as derivatives is reviewed quarterly using a Black-Scholes option pricing model. For those equity warrant assets that do not contain net share settlement provisions, the Company considers these to be equity investments without readily determinable market values and records the asset at cost, subject to periodic impairment testing.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. Goodwill is not amortized but is reviewed for potential impairment on an annual basis, or when events or circumstances indicate a potential impairment, at the related reporting unit level. The goodwill impairment test involves comparing the fair value of the reporting unit with its carrying value, including goodwill. If the fair value of the reporting unit exceeds its carrying value, goodwill of the reporting unit is considered not impaired; however, if the carrying value of the reporting unit exceeds its fair value, an impairment charge must be recorded. An impairment loss recognized cannot exceed the amount of goodwill assigned to a reporting unit. An impairment loss establishes a new basis in the goodwill and subsequent reversals of goodwill impairment losses are not permitted under applicable accounting guidance. For intangible assets subject to amortization, the recoverability test is performed when a triggering event occurs and an impairment loss is recognized if the carrying value of the intangible asset is not recoverable and exceeds fair value. The carrying value of the intangible asset is considered not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. Intangible assets deemed to have indefinite useful lives are not subject to amortization. An impairment loss is recognized if the carrying value of the intangible asset with an indefinite life exceeds its fair value. The carrying amounts and accumulated amortization of all intangible assets as of December 31, 2020 was $2.2 million and $115 thousand, respectively, all as a result of the JAM acquisition discussed earlier under Business Combinations. On August 1, 2018, the Company financed the sale of its entire interest in Reltco for $3.0 million, and as a result had no intangible assets as of December 31, 2019 and 2018. Impairment related charges are reflected in a separate line in the income statement. These impairment charges were related to Reltco, and are comprised of the following components: 2018 Intangible assets $ 3,979 Goodwill — Other net asset dispositions 341 Contingent consideration liability (1,640 ) Total impairment expense on goodwill and other intangibles, net $ 2,680 The Company had no impairment related charges in 2020 or 2019.
Long-Lived Assets Impairment Evaluation	Long-Lived Assets Impairment Evaluation The Company evaluates the carrying value of rental equipment and identifiable definite lived intangible assets for impairment whenever events or circumstances have occurred that would indicate the carrying amount may not be fully recoverable. A key element in determining the recoverability of long-lived assets is the Company’s outlook as to the future market conditions for its rental equipment. If the carrying amount is not fully recoverable, an impairment loss is recognized to reduce the carrying amount to fair value. The Company determines fair value based upon the condition of the rental equipment and the projected net cash flows from its rental and sale considering current market conditions. During the years ended December 31, 2020 and 2019, and 2018 there were no impairments of long-lived assets. Long -Lived Asset s Reclassified to Held for Sale During 2020, the Company determined that retention of two of its aircraft was ineffective in serving the needs of an expanding nationwide customer base. As a result of the determination to sell, the Company began marketing the aircraft for sale and accordingly reclassified them from premises and equipment, net to other assets. The total amount reclassified out of premises and equipment was $19.2 million and after assessment of fair value $1.3 million of that balance was recognized as impairment expense included in other expense line item in the 2020 consolidated statement of income. Prior to December 31, 2020 one aircraft was sold for a minimal incremental loss with one remaining in other assets with a carrying amount of $8.9 million at year end. Subsequent to December 31, 2020, the remaining held for sale aircraft was sold with a gain of $114 thousand. During 2019, an aircraft previously reclassified to held for sale was sold for a gain of $357 thousand.
Common Stock	Common Stock On June 11, 2014, the Company amended its Articles of Incorporation to create two classes of common stock. These two classes are identified as Class A and Class B for Voting Common Stock and Non-Voting Common Stock, respectively, in the accompanying consolidated balance sheet and statement of changes in shareholders’ equity. Voting and Non-Voting Common Stock holders have identical rights and privileges, with the exception that Non-Voting Common shares have no voting power unless circumstances arise where instances creating the Non-Voting Common Shares are modified in any way that negatively impact rights of holder. Stock splits or dividends of Voting and Non-Voting Common Shares shall be in like stock (voting for voting and non-voting for non-voting). Any number of Non-Voting Common Stock may be converted to an equal number of Voting Common Stock at the option of the holder; provided that holder is not the initial transferee or an affiliate of initial transferee. During 2020, 1,807,774 shares of Class B common stock (non-voting) were converted to Class A common stock (voting) in connection with private sales. This conversion decreased the value of Class B common stock (non-voting) and increased the value of Class A common stock (voting) by $19.1 million. During 2019, 1,727,999 shares of Class B common stock (non-voting) were converted to Class A common stock (voting) in connection with private sales. This conversion decreased the value of Class B common stock (non-voting) and increased the value of Class A common stock (voting) by $18.3 million.
Advertising Expense	Advertising Expense Marketing costs are recognized in the month the event or advertisement takes place. These costs are included in advertising and marketing expense as presented in the consolidated statements of income.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities (excluding deferred tax assets and liabilities related to business combinations or components of other comprehensive income). Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. The effect of a change in tax rates on deferred assets and liabilities is recognized in income taxes during the period that includes the enactment date. A valuation allowance, if needed, reduces deferred tax assets to the expected amount more likely than not to be realized. Realization of deferred tax assets is dependent upon the level of historical income, prudent and feasible tax planning strategies, reversals of deferred tax liabilities and estimates of future taxable income. The Company uses the flow-through method of accounting on investments that generate investment tax credits. Under this method, investment tax credits are recognized as a reduction to income tax expense immediately in the period that the credit is generated, to the extent permitted by tax law. In accounting for any temporary difference that arise, the Company has elected the income statement method whereby deferred taxes are adjusted through income tax expense. The Company evaluates uncertain tax positions at the end of each reporting period. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefit recognized in the financial statements from any such position is measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Any interest and/or penalties related to income taxes are reported as a component of income tax expense.
Comprehensive Income	Comprehensive Income Annual comprehensive income reflects the change in the Company’s equity during the year arising from transactions and events other than investment by and distributions to shareholders. The only components of other comprehensive income consist of realized and unrealized gains and losses related to investment securities.
Stock Compensation Plans	Stock Compensation Plans The Company recognizes compensation cost based on the fair value of the equity or liability instruments issued. The expense measures the cost of employee services received in exchange for stock options and restricted stock based on the grant-date fair value of the award and recognizes the cost over the vesting period for all awards within an individual grant, including ones with graded vesting features. The fair value of the restricted stock awards or units with a market price condition and implied service period are calculated using the Monte Carlo Simulation method. The impact of forfeitures on stock-based compensation expense is recognized as forfeitures occur. See Note 12. Benefit Plans for further discussion and detail.
Fair Value of Financial Instruments	Fair Value of Financial Instruments GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company determines the fair values of its financial instruments based on the fair value hierarchy established per GAAP which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. See Note 10. Fair Value of Financial Instruments for further discussion and detail.
Earnings Per Share	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. December 31, 2020 2019 2018 Basic earnings per share: Net income $ 59,543 $ 18,034 $ 51,448 Weighted-average basic shares outstanding 40,677,496 40,222,758 40,056,230 Basic earnings per share $ 1.46 $ 0.45 $ 1.28 Diluted earnings per share: Net income, for diluted earnings per share $ 59,543 $ 18,034 $ 51,448 Total weighted-average basic shares outstanding 40,677,496 40,222,758 40,056,230 Add effect of dilutive stock options and restricted stock grants 1,093,754 830,756 1,390,520 Total weighted-average diluted shares outstanding 41,771,250 41,053,514 41,446,750 Diluted earnings per share $ 1.43 $ 0.44 $ 1.24 Anti-dilutive shares 2,179 1,071,467 1,111,236 On January 13, 2021 approximately 200 thousand restricted stock unit awards with market price conditions vested as the Company's share price satisfied applicable target price criteria. After net settlement for related tax withholding, the Company issued approximately 114 thousand shares.
Revenue Recognition	Revenue Recognition The Company offers various services to customers that generate revenue. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less. As of December 31, 2020, 2019 and 2018, remaining performance obligations consisted primarily of serviced based revenues for contracts with an original expected length of two years or less. Service based revenues are included in other noninterest income and consist of other recurring revenue streams from services provided by the Bank for advisory and successful transactions, GLS to its clients for settlement, accounting and valuation for government guaranteed loan sales and holdings, fund investment advisory services performed by Canapi Advisors, investment management and financial planning services provided by Live Oak Private Wealth, and administration of trust assets held by the Company's trust department. Service Based Revenues In addition to lending and related activities, the Bank’s specialized industry teams also provide advisory services to certain Government Contracting clients. Performance obligations are satisfied over the contract period and revenue is recognized monthly. Additionally, the Bank may earn additional revenue under these agreements as clients are awarded government contracts or complete merger & acquisition transactions. GLS provides services when requested by clients. Each requested service represents a specific performance obligation with a transaction price outlined by GLS' fee schedule. Revenue is recognized as the requested services are completed and payment is generally received the following month. Canapi Advisors provides investment advisory services to two financial technology venture funds where its performance obligations are satisfied over time. Fund management fees are based upon the contractual terms of the limited partnership agreements and are recognized as earned over the specified contract period, which is generally equal to the life of the individual fund. Fund management fees are calculated as a percentage of committed capital, are collected in advance and recognized quarterly. Live Oak Private Wealth’s investment management and financial planning performance obligations are generally satisfied over time. Fees are recognized quarterly based on the quarter-end market value of the managed assets as valued by the custodian of the customer’s assets and the applicable fee rate. Payment is generally received within a quarter of service delivery. The Company does not earn performance-based incentives from investment management and financial planning services. Contracts with customers may be terminated at any time by either party. The Company’s trust department ceased operations in the first quarter of 2019. Trust account administration performance obligations were generally satisfied over time and fees were recognized monthly, based on the month-end market value of assets in fiduciary accounts and the applicable fee rate. Fees were generally received after month-end through a direct charge to customers' accounts. The Company did not earn performance-based incentives from trust account administration services.
Reclassifications	Reclassifications Certain reclassification corrections 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 existing fair value presentation requirements for loans accounted for under the fair value option. This includes 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 reflected directly in 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 directly adjust the carrying amount of total loans and leases held for investment was $20.0 million and $18.0 million, respectively, as of December 31, 2019 and 2018. 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 gain (loss) 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 gain (loss) on loans accounted for under the fair value option were $(4.4) million and $11.8 million, respectively, for the year ended December 31, 2019, and $ ( 7.5 ) million and $ million, respectively , for the year ended December 31, 2018. As Reported Reclassifications As Reclassified Consolidated Statement of Income for the three months ended December 31, 2019 Provision for loan and lease credit losses $ 6,208 $ (1,399 ) $ 4,809 Net interest income after provision for loan and lease credit losses 31,803 1,399 33,202 Loan servicing asset revaluation (1,304 ) (2,831 ) (4,135 ) Net gain (loss) on loans accounted for under the fair value option — 1,432 1,432 Total noninterest income 21,524 (1,399 ) 20,125 Net income 6,832 — 6,832 Consolidated Statement of Income for the twelve months ended December 31, 2019 Provision for loan and lease credit losses $ 19,573 $ (4,361 ) $ 15,212 Net interest income after provision for loan and lease credit losses 120,509 4,361 124,870 Loan servicing asset revaluation (4,812 ) (11,769 ) (16,581 ) Net gain (loss) on loans accounted for under the fair value option — 7,408 7,408 Total noninterest income 67,880 (4,361 ) 63,519 Net income 18,034 — 18,034 Consolidated Statement of Cash Flows for the twelve months ended December 31, 2019 Provision for loan and lease credit losses $ 19,573 $ (4,361 ) $ 15,212 Net decrease in servicing assets 12,276 — 12,276 Change in discount on unguaranteed loans (9,270 ) 9,270 — Net loss (gain) on loans accounted for under fair value option — (7,408 ) (7,408 ) Net cash used by operating activities (493,925 ) (2,499 ) (496,424 ) Loan and lease originations and principal collections, net (505,848 ) 2,499 (503,349 ) Net cash used by investing activities (673,164 ) 2,499 (670,665 ) Consolidated Statement of Income for the twelve months ended December 31, 2018 Provision for loan and lease credit losses $ 13,058 $ (7,500 ) $ 5,558 Net interest income after provision for loan and lease credit losses 94,985 7,500 102,485 Loan servicing asset revaluation (18,765 ) (2,459 ) (21,224 ) Net gain (loss) on loans accounted for under the fair value option — (5,041 ) (5,041 ) Total noninterest income 103,765 (7,500 ) 96,265 Net income 51,448 — 51,448 Consolidated Statement of Cash Flows for the twelve months ended December 31, 2018 Provision for loan and lease credit losses $ 13,058 $ (7,500 ) $ 5,558 Net decrease in servicing assets 4,657 — 4,657 Change in discount on unguaranteed loans 2,768 (2,768 ) — Net loss (gain) on loans accounted for under fair value option — 5,041 5,041 Net cash provided by operating activities 11,521 (5,227 ) 6,294 Loan and lease originations and principal collections, net (445,643 ) 5,227 (440,416 ) Net cash used by investing activities (850,585 ) 5,227 (845,358 ) Change to loan and lease classes As a result of the increase in number and diversification of the industry verticals that the Company serves, management also made changes effective in the second quarter of 2020 to the loan and lease classes used in the credit quality disclosures in Note 3. 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 (“CARES Act”) economic relief program and carry a 100% government guarantee. These loan and lease classes were determined based on industry risk characteristics and management’s method for monitoring credit risk and managing those lending divisions. There were no changes to the Company’s portfolio segments.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following is a summary of recent authoritative pronouncements that could impact the accounting, reporting, and/or disclosure of financial information by the Company. 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 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.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table provides a summary of the tax-advantaged VIE that the Company has not consolidated as of December 31, 2020 and 2019: 2020 2019 Investment carrying amount $ — $ — Maximum exposure to loss 879 1,758
Schedule of Loans Receivable Held-for-sale	The following summarizes the activity pertaining to loans held for sale for the years ended December 31, 2020 and 2019: 2020 2019 Balance at beginning of year $ 966,447 $ 687,393 Originations 1,183,152 1,005,165 Proceeds from sale (875,393 ) (457,533 ) Gain on sale of loans 49,473 29,002 Principal collections, net of deferred fees and costs 50,431 (58,683 ) Non-cash transfers, net (198,640 ) (238,897 ) Balance at end of period $ 1,175,470 $ 966,447
Schedule of Property, Plant and Equipment	Depreciation is computed by the straight-line method over the following generally estimated useful lives: Years Buildings 39 Transportation 5-10 Land improvements 10-15 Furniture and equipment 5-10 Computers and software 3-5 Solar panels 20-25 Components of premises and equipment and total accumulated depreciation at December 31, 2020 and 2019 are as follows: 2020 2019 Buildings $ 54,718 $ 54,671 Land improvements 5,180 5,180 Furniture and equipment 18,032 17,878 Computers and software 6,001 5,134 Leasehold improvements 8,068 8,078 Land 8,650 8,650 Transportation 30,496 60,947 Solar panels 164,295 164,295 Deposits on fixed assets 20,124 596 Premises and equipment, total 315,564 325,429 Less accumulated depreciation (56,297 ) (46,330 ) Premises and equipment, net of depreciation $ 259,267 $ 279,099
Schedule of Impaired Intangible Assets	Impairment related charges are reflected in a separate line in the income statement. These impairment charges were related to Reltco, and are comprised of the following components: 2018 Intangible assets $ 3,979 Goodwill — Other net asset dispositions 341 Contingent consideration liability (1,640 ) Total impairment expense on goodwill and other intangibles, net $ 2,680
Schedule of Basic and Diluted Earnings Per Share	December 31, 2020 2019 2018 Basic earnings per share: Net income $ 59,543 $ 18,034 $ 51,448 Weighted-average basic shares outstanding 40,677,496 40,222,758 40,056,230 Basic earnings per share $ 1.46 $ 0.45 $ 1.28 Diluted earnings per share: Net income, for diluted earnings per share $ 59,543 $ 18,034 $ 51,448 Total weighted-average basic shares outstanding 40,677,496 40,222,758 40,056,230 Add effect of dilutive stock options and restricted stock grants 1,093,754 830,756 1,390,520 Total weighted-average diluted shares outstanding 41,771,250 41,053,514 41,446,750 Diluted earnings per share $ 1.43 $ 0.44 $ 1.24 Anti-dilutive shares 2,179 1,071,467 1,111,236 On January 13, 2021 approximately 200 thousand restricted stock unit awards with market price conditions vested as the Company's share price satisfied applicable target price criteria. After net settlement for related tax withholding, the Company issued approximately 114 thousand shares.
Effect of Reclassifications on Consolidated Statements	As Reported Reclassifications As Reclassified Consolidated Statement of Income for the three months ended December 31, 2019 Provision for loan and lease credit losses $ 6,208 $ (1,399 ) $ 4,809 Net interest income after provision for loan and lease credit losses 31,803 1,399 33,202 Loan servicing asset revaluation (1,304 ) (2,831 ) (4,135 ) Net gain (loss) on loans accounted for under the fair value option — 1,432 1,432 Total noninterest income 21,524 (1,399 ) 20,125 Net income 6,832 — 6,832 Consolidated Statement of Income for the twelve months ended December 31, 2019 Provision for loan and lease credit losses $ 19,573 $ (4,361 ) $ 15,212 Net interest income after provision for loan and lease credit losses 120,509 4,361 124,870 Loan servicing asset revaluation (4,812 ) (11,769 ) (16,581 ) Net gain (loss) on loans accounted for under the fair value option — 7,408 7,408 Total noninterest income 67,880 (4,361 ) 63,519 Net income 18,034 — 18,034 Consolidated Statement of Cash Flows for the twelve months ended December 31, 2019 Provision for loan and lease credit losses $ 19,573 $ (4,361 ) $ 15,212 Net decrease in servicing assets 12,276 — 12,276 Change in discount on unguaranteed loans (9,270 ) 9,270 — Net loss (gain) on loans accounted for under fair value option — (7,408 ) (7,408 ) Net cash used by operating activities (493,925 ) (2,499 ) (496,424 ) Loan and lease originations and principal collections, net (505,848 ) 2,499 (503,349 ) Net cash used by investing activities (673,164 ) 2,499 (670,665 ) Consolidated Statement of Income for the twelve months ended December 31, 2018 Provision for loan and lease credit losses $ 13,058 $ (7,500 ) $ 5,558 Net interest income after provision for loan and lease credit losses 94,985 7,500 102,485 Loan servicing asset revaluation (18,765 ) (2,459 ) (21,224 ) Net gain (loss) on loans accounted for under the fair value option — (5,041 ) (5,041 ) Total noninterest income 103,765 (7,500 ) 96,265 Net income 51,448 — 51,448 Consolidated Statement of Cash Flows for the twelve months ended December 31, 2018 Provision for loan and lease credit losses $ 13,058 $ (7,500 ) $ 5,558 Net decrease in servicing assets 4,657 — 4,657 Change in discount on unguaranteed loans 2,768 (2,768 ) — Net loss (gain) on loans accounted for under fair value option — 5,041 5,041 Net cash provided by operating activities 11,521 (5,227 ) 6,294 Loan and lease originations and principal collections, net (445,643 ) 5,227 (440,416 ) Net cash used by investing activities (850,585 ) 5,227 (845,358 )

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]
Summary of Carrying Amount and Fair Value of Securities	Available-for-Sale The carrying amount of securities and their approximate fair values are reflected in the following table: December 31, 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value US government agencies $ 15,440 $ 479 $ — $ 15,919 Mortgage-backed securities 703,092 28,302 940 730,454 Municipal bonds 3,267 462 4 3,725 Total $ 721,799 $ 29,243 $ 944 $ 750,098 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 bond 8,493 469 8 8,954 Total $ 524,619 $ 16,361 $ 935 $ 540,045
Gross Unrealized Losses and Fair Value of Securities in a Continuous Unrealized Loss Position	The following tables show gross unrealized losses and fair value, 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 December 31, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 156,904 $ 917 $ 1,853 $ 23 $ 158,757 $ 940 Municipal bonds — — 96 4 96 4 Total $ 156,904 $ 917 $ 1,949 $ 27 $ 158,853 $ 944 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 bond — — 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: December 31, 2020 Available-for-sale Amortized cost Fair value US government agencies Within one year $ 4,999 $ 5,041 One to five years 7,515 7,779 Five to ten years 2,926 3,099 Total 15,440 15,919 Mortgage-backed securities One to five years 7,934 8,381 Five to ten years 202,991 218,849 After 10 years 492,167 503,224 Total 703,092 730,454 Municipal bonds After 10 years 3,267 3,725 Total 3,267 3,725 Total $ 721,799 $ 750,098
Summary of Carrying and Ownership Percentage of Each Equity Method Investment	The carrying amount and ownership percentage of each equity method investment at December 31, 2020 and 2019 is reflected in the following table: 2020 2019 Amount Ownership % Amount Ownership % Apiture, Inc. $ 53,344 39.1 % $ 64,741 47.2 % Canapi Ventures SBIC Fund, LP (1) (3) 14,843 3.1 % 15,227 3.1 % Canapi Ventures Fund, LP (2) (3) 1,686 1.5 % 1,689 3.3 % Other fintech investments in private companies (4) 1,634 Various 4,495 Various Other (5) 6,421 Various — — Total $ 77,928 $ 86,152 (1) Includes unfunded commitments of $11.3 million and $14.8 million as of December 31, 2020 and 2019, respectively. (2) Includes unfunded commitments of $1.0 million and $1.5 million as of December 31, 2020 and 2019, respectively. (3) Investee is accounted for under equity method due to the Company's participation as an investment advisor. (4) Other fintech investments include Finxact, LLC, Payrailz, Inc. and Kwipped, Inc. (5) Includes unfunded commitments of $2.9 million at December 31, 2020.
Summary of Carrying Amount of Company Investments in Non Marketable Equity Securities with No Readily Determinable Fair Value and Amounts Recognized in Earnings	The carrying amount of the Company’s investments in non-marketable equity securities with no readily determinable fair value and amounts recognized in earnings for the year ended December 31, 2020, and on a cumulative basis is reflected in the following table: As of and for the year ended December 31, 2020 Amount Cumulative Adjustments Carrying value (1) $ 31,146 Carrying value adjustments: Impairment — $ — Upward changes for observable prices 14,558 18,272 Downward changes for observable prices — (86 ) Net upward change $ 14,558 $ 18,186 (1) Includes $522 thousand in unfunded commitments.

Loans and Leases Held for Inv_2

Loans and Leases Held for Investment and Credit Quality (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Age Analysis of Past Due Loans and Leases	The following tables show an age analysis of past due loans and leases as of the dates presented. December 31, 2020 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 Commercial & Industrial Small Business Banking $ 695,090 $ 10,341 $ 10,765 $ 21,106 $ 716,196 $ 308,341 $ 1,024,537 Specialty Lending 341,952 337 — 337 342,289 71,090 413,379 Paycheck Protection Program 1,528,180 — — — 1,528,180 — 1,528,180 Total 2,565,222 10,678 10,765 21,443 2,586,665 379,431 2,966,096 Construction & Development Small Business Banking 183,087 — — — 183,087 — 183,087 Specialty Lending 88,890 — 3,723 3,723 92,613 — 92,613 Total 271,977 — 3,723 3,723 275,700 — 275,700 Commercial Real Estate Small Business Banking 987,358 3,730 8,609 12,339 999,697 321,352 1,321,049 Specialty Lending 148,264 5,374 1,693 7,067 155,331 20,317 175,648 Total 1,135,622 9,104 10,302 19,406 1,155,028 341,669 1,496,697 Commercial Land Small Business Banking 329,638 — 2,243 2,243 331,881 94,274 426,155 Total 329,638 — 2,243 2,243 331,881 94,274 426,155 Total $ 4,302,459 $ 19,782 $ 27,033 $ 46,815 $ 4,349,274 $ 815,374 $ 5,164,648 Net deferred (fees) costs $ (19,566 ) Loan and Leases, Net of unearned $ 5,145,082 December 31, 2019 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 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 $2.61 billion of U.S. government guaranteed loans as of December 31, 2020, of which $12.9 million is greater than 90 days past due, $16.7 million is 30-89 days past due and $2.58 billion is included in current loans and leases as presented above. As of December 31, 2019, total loans and leases include $622.6 million of U.S. government guaranteed loans, of which $6.4 million is greater than 90 days past due, $13.6 million is 30-89 days past due and $602.6 million is included in current loans and leases as presented above. (2) The Company measures the carrying value of the retained portion of loans sold at fair value under ASC 825-10. See Note 10. Fair Value of Financial Instruments for additional information.
Summary of Credit Quality Indicators by Portfolio Class	The following tables present credit quality indicators by portfolio class: Term Loans and Leases Amortized Cost Basis by Origination Year December 31, 2020 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total (1,2) Small Business Banking Risk Grades 1 - 4 $ 724,506 $ 475,593 $ 287,712 $ 230,653 $ 159,877 $ 59,065 $ 32,373 $ 1,392 $ 1,971,171 Risk Grade 5 16,080 59,595 62,857 44,478 11,203 3,666 2,131 212 200,222 Risk Grades 6 - 8 81 8,976 14,639 15,090 11,424 8,418 631 209 59,468 Total 740,667 544,164 365,208 290,221 182,504 71,149 35,135 1,813 2,230,861 Specialty Lending Risk Grades 1 - 4 296,537 96,553 48,930 40,626 — — 55,229 632 538,507 Risk Grade 5 7,672 6,379 2,752 18,718 — — 1,711 — 37,232 Risk Grades 6 - 8 — — 8,635 — 5,782 — 77 — 14,494 Total 304,209 102,932 60,317 59,344 5,782 — 57,017 632 590,233 Paycheck Protection Program Risk Grades 1 - 4 1,528,180 — — — — — — — 1,528,180 Risk Grade 5 — — — — — — — — — Risk Grades 6 - 8 — — — — — — — — — Total 1,528,180 — — — — — — — 1,528,180 Total $ 2,573,056 $ 647,096 $ 425,525 $ 349,565 $ 188,286 $ 71,149 $ 92,152 $ 2,445 $ 4,349,274 December 31, 2019 Total (1),(2) 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 $2.61 billion of U.S. government guaranteed loans as of December 31, 2020, segregated by risk grade as follows: Risk Grades 1 – 4 = $2.44 billion, Risk Grade 5 = $128.0 million, Risk Grades 6 – 8 = $40.9 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. (2) Excludes $815.4 million and $824.5 million of loans accounted for under the fair value option as of December 31, 2020 and December 31, 2019, respectively.
Nonaccrual Loans and Leases	Nonaccrual loans and leases as of December 31, 2020 and December 31, 2019 are as follows: December 31, 2020 Loan and Lease Balance (1) Guaranteed Balance Unguaranteed Balance Unguaranteed Exposure with No ACL Commercial & Industrial Small Business Banking $ 17,992 $ 12,046 $ 5,946 $ — Total 17,992 12,046 5,946 — Construction & Development Specialty Lending 3,723 — 3,723 3,723 Total 3,723 — 3,723 3,723 Commercial Real Estate Small Business Banking 15,085 6,725 8,360 5,327 Specialty Lending 7,068 5,533 1,535 — Total 22,153 12,258 9,895 5,327 Commercial Land Small Business Banking 2,242 1,728 514 — Total 2,242 1,728 514 — Total $ 46,110 $ 26,032 $ 20,078 $ 9,050 December 31, 2019 Loan and Lease Balance (1) Guaranteed Balance Unguaranteed Exposure 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 10. 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 December 31, 2020: Total Collateral Dependent Loans Unguaranteed Portion December 31, 2020 Real Estate Business Assets Other Real Estate Business Assets Other Allowance for Credit Losses Commercial & Industrial Small Business Banking $ 1,279 $ 9,440 $ 197 $ 531 $ 4,077 $ 66 $ 1,281 Total 1,279 9,440 197 531 4,077 66 1,281 Construction & Development Specialty Lending 3,767 — — 3,767 — — — Total 3,767 — — 3,767 — — — Commercial Real Estate Small Business Banking 11,568 258 332 6,873 9 335 175 Specialty Lending 13,196 — — 7,663 — — 23 Total 24,764 258 332 14,536 9 335 198 Commercial Land Small Business Banking 2,263 — — 534 — — 302 Total 2,263 — — 534 — — 302 Total $ 32,073 $ 9,698 $ 529 $ 19,368 $ 4,086 $ 401 $ 1,781
Activity in the Allowance for Credit Losses by Portfolio Segment	The following tables detail activity in the allowance for credit losses for the periods presented: Commercial & Industrial Construction & Development Commercial Real Estate Commercial Land Total December 31, 2020 Beginning Balance, prior to adoption of ASC 326 $ 15,757 $ 2,732 $ 8,427 $ 1,318 $ 28,234 Impact of adopting ASC 326 (4,561 ) 1,131 1,916 193 (1,321 ) Charge offs (4,401 ) — (10,347 ) (644 ) (15,392 ) Recoveries 84 — 28 15 127 Provision 20,062 1,800 18,124 672 40,658 Ending Balance $ 26,941 $ 5,663 $ 18,148 $ 1,554 $ 52,306 December 31, 2019 Beginning Balance $ 6,524 $ 2,042 $ 5,259 $ 607 $ 14,432 Charge offs (887 ) — (615 ) (173 ) (1,675 ) Recoveries 246 — 18 1 265 Provision 9,874 690 3,765 883 15,212 Ending Balance $ 15,757 $ 2,732 $ 8,427 $ 1,318 $ 28,234 December 31, 2018 Beginning Balance $ 4,007 $ 2,030 $ 3,509 $ 445 $ 9,991 Charge offs (1,073 ) — (194 ) — (1,267 ) Recoveries 120 — 30 — 150 Provision 3,470 12 1,914 162 5,558 Ending Balance $ 6,524 $ 2,042 $ 5,259 $ 607 $ 14,432 The following tables detail the recorded allowance for credit losses and the investment in loans and lease related to each portfolio segment, disaggregated on the basis of impairment evaluation methodology: December 31, 2019 Commercial & Industrial Construction & Development Commercial Real Estate Commercial Land Total (1)(2) Allowance for credit losses: Loans and leases individually evaluated for impairment $ 3,989 $ 17 $ 2,067 $ 748 $ 6,821 Loans and leases collectively evaluated for impairment 11,768 2,715 6,360 570 21,413 Total allowance for credit losses $ 15,757 $ 2,732 $ 8,427 $ 1,318 $ 28,234 Loans and Leases Receivable 1 Loans and leases individually evaluated for impairment $ 14,052 $ 719 $ 25,389 $ 17,347 $ 57,507 Loans and leases collectively evaluated for impairment 540,189 346,599 636,305 216,786 1,739,879 Total loans and leases receivable $ 554,241 $ 347,318 $ 661,694 $ 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.
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. December 31, 2019 December 31, 2018 Average Balance Interest Income Recognized Average Balance Interest Income Recognized Commercial & Industrial Small Business Banking $ 10,809 $ 137 $ 7,264 $ 66 Specialty Lending 2,249 59 768 40 Total 13,058 196 8,032 106 Construction & Development Small Business Banking 722 15 4,951 15 Specialty Lending — — — — Total 722 15 4,951 15 Commercial Real Estate Small Business Banking 22,996 632 15,693 423 Specialty Lending 1,855 10 — — Total 24,851 642 15,693 423 Commercial Land Small Business Banking 17,427 771 8,486 72 Total 17,427 771 8,486 72 Total $ 56,058 $ 1,624 $ 37,162 $ 616
Troubled Debt Restructurings on Financing Receivables	The following table represent the types of TDRs that were made during the periods presented: December 31, 2020 Interest Only Payment Deferral Extend Amortization Other (1) Total TDRs (2) Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end 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 — $ — 6 $ 1,895 — $ — 1 $ 170 7 $ 2,065 Specialty Lending — — — — 2 423 — — 2 $ 423 Total — — 6 1,895 2 423 1 170 9 2,488 Construction & Development Small Business Banking — — — — 1 1,787 — — 1 $ 1,787 Total — — — — 1 1,787 — — 1 1,787 Commercial Real Estate Small Business Banking — — 2 3,738 — — — — 2 $ 3,738 Specialty Lending — — 1 3,627 — — 2 12,219 3 $ 15,846 Total — — 3 7,365 — — 2 12,219 5 19,584 Commercial Land Small Business Banking — — — — 1 4,865 — — 1 $ 4,865 Total — — — — 1 4,865 — — 1 4,865 Total — $ — 9 $ 9,260 4 $ 7,075 3 $ 12,389 16 $ 28,724 (1) Includes one small business banking interest only and rate concession TDR ($170 thousand), and two specialty lending interest only and rate concession TDRs ($12.2 million). (2) Excludes loans accounted for under the fair value option. See Note 10. Fair Value of Financial Instruments for additional information. December 31, 2019 Interest Only Payment Deferral Extend Amortization Other (1) Total TDRs (2) Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end 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 1 $ 348 — $ — — $ — — $ — 1 $ 348 Total 1 348 — — — — — — 1 348 Commercial Real Estate Small Business Banking — — 1 1,841 — — 1 259 2 2,100 Total — — 1 1,841 — — 1 259 2 2,100 Total 1 $ 348 1 $ 1,841 — $ — 1 $ 259 3 $ 2,448 (1) Includes one payment deferral and rate concession TDR ($259 thousand). (2) Excludes loans accounted for under the fair value option. See Note 10. Fair Value of Financial Instruments for additional information. December 31, 2018 Interest Only Payment Deferral Extend Amortization Other (1) Total TDRs (2) Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Number of Loans Recorded investment at period end Construction & Development Small Business Banking 1 $ 634 — $ — 1 $ 3,067 1 $ 1,872 3 $ 5,573 Total 1 634 — — 1 3,067 1 1,872 3 5,573 Commercial Real Estate Small Business Banking — — — — — — 1 1,732 1 1,732 Total — — — — — — 1 1,732 1 1,732 Commercial Land Small Business Banking — — — — 1 6 1 3,669 2 3,675 Total — — — — 1 6 1 3,669 2 3,675 Total 1 $ 634 — $ — 2 $ 3,073 3 $ 7,273 6 $ 10,980 (1) Includes two interest only and rate concession TDRs ($1.8 million and $1.7 million), and one extend amortization and rate concession TDR ($3.7 million). (2) Excludes loans accounted for under the fair value option. See Note 10. Fair Value of Financial Instruments for additional information.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 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: As of December 31, 2020 2019 Gross direct finance lease payments receivable $ 10,629 $ 13,959 Less - unearned interest (1,685 ) (2,562 ) Net investment in direct financing leases $ 8,944 $ 11,397
Future Minimum Finance Lease Payments Receivable	Future minimum lease payments receivable under direct finance leases are as follows: As of December 31, 2020 Amount 2021 $ 2,937 2022 2,667 2023 2,226 2024 1,582 2025 1,101 Thereafter 116 Total $ 10,629
Maturity Analysis of Future Minimum Operating Lease Payments Receivable	A maturity analysis of future minimum lease payments receivable under non-cancelable operating leases is as follows: As of December 31, 2020 Amount 2021 $ 9,065 2022 9,044 2023 9,075 2024 8,808 2025 8,935 Thereafter 31,175 Total $ 76,102
Summary of Components of Lease Expense	The components of lease expense are as follows: December 31, 2020 December 31, 2019 Operating lease cost $ 787 $ 669 Short-term lease cost 87 528 Finance lease cost: Amortization of right-of-use assets 5 4 Interest expense on lease liabilities — — Sublease income (29 ) (35 ) Total net lease cost $ 850 $ 1,166
Summary of Consolidated Balance Sheet Related to Finance Leases	Supplemental disclosure for the consolidated balance sheet related to finance leases is as follows: December 31, 2020 December 31, 2019 Operating lease right-of-use asset $ 2,522 $ 2,427 Operating lease liability 2,756 2,619 Finance lease right-of-use asset 9 13 Finance lease liability 9 14
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Leases	The weighted average remaining lease term and weighted average discount rate for leases are as follows: As of December 31, 2020 December 31, 2019 Weighted average remaining lease term (years) Operating leases 12.21 13.41 Finance lease 1.92 2.92 Weighted average discount rate Operating leases 2.87 % 3.12 % Finance lease 3.10 % 3.10 %
Summary of Operating and Finance Lease Liabilities	A maturity analysis of operating and finance lease liabilities is as follows: As of December 31, 2020 Operating Leases Finance Leases 2021 $ 742 $ 5 2022 724 5 2023 478 — 2024 202 — 2025 42 — Thereafter 1,202 — Total lease payments 3,390 10 Less: imputed interest (634 ) (1 ) Total lease liabilities $ 2,756 $ 9

Servicing Assets (Tables)

Servicing Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Transfers And Servicing [Abstract]
Summary of Activity Pertaining to Servicing Rights	The following summarizes the activity pertaining to servicing rights: 2020 2019 Balance at beginning of period $ 35,365 $ 47,641 Additions, net 8,511 4,305 Fair value changes: Due to changes in valuation inputs or assumptions (1,049 ) (3,127 ) Decay due to increases in principal paydowns or runoff (8,909 ) (13,454 ) Balance at end of period $ 33,918 $ 35,365

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Schedule of Property, Plant and Equipment	Depreciation is computed by the straight-line method over the following generally estimated useful lives: Years Buildings 39 Transportation 5-10 Land improvements 10-15 Furniture and equipment 5-10 Computers and software 3-5 Solar panels 20-25 Components of premises and equipment and total accumulated depreciation at December 31, 2020 and 2019 are as follows: 2020 2019 Buildings $ 54,718 $ 54,671 Land improvements 5,180 5,180 Furniture and equipment 18,032 17,878 Computers and software 6,001 5,134 Leasehold improvements 8,068 8,078 Land 8,650 8,650 Transportation 30,496 60,947 Solar panels 164,295 164,295 Deposits on fixed assets 20,124 596 Premises and equipment, total 315,564 325,429 Less accumulated depreciation (56,297 ) (46,330 ) Premises and equipment, net of depreciation $ 259,267 $ 279,099

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Types of Deposits	The types of deposits at December 31, 2020 and 2019 are: 2020 2019 Noninterest-bearing deposits $ 75,287 $ 51,965 Interest-bearing deposits: Interest-bearing checking 250,060 — Money market 117,010 86,754 Savings 2,081,561 1,101,065 Time deposits 3,188,910 2,987,196 Total 5,637,541 4,175,015 Total deposits $ 5,712,828 $ 4,226,980
Schedule of Maturities of Time Deposits	At December 31, 2020 the scheduled maturities of total time deposits are as follows: Year Amount 2021 $ 2,244,543 2022 391,969 2023 192,861 2024 167,798 2025 95,201 Thereafter 96,538 Total $ 3,188,910

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Total Outstanding Borrowings	Total outstanding borrowings consisted of the following: December 31, 2020 December 31, 2019 Borrowings 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 August 12, 2025, 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 $1.53 billion borrowing was fully advanced at December 31, 2020. $ 1,527,596 $ — In September 2020, the Company renewed a revolving line of credit originally 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, with an interest rate cap of 4.25% and an interest rate floor of 2.75%. Payments are interest only with all principal and accrued interest due on October 10, 2021. 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 $12 thousand on September 20, 2020. There was an additional advance and curtailment netting to $9.5 million on December 29, 2020 and there is $35.5 million of available credit remaining at December 31, 2020. 14,488 — 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 premises and equipment 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. 9 14 Total borrowings $ 1,542,093 $ 14

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	The components of income tax expense for the years ended December 31 are as follows: 2020 2019 2018 Current income tax (benefit) expense: Federal $ 2,071 $ 1,339 $ 585 State 3,222 2,625 (51 ) Total current tax expense 5,293 3,964 534 Deferred income tax (benefit) expense: Federal (12,946 ) 3,031 (7,868 ) State (4,501 ) (1,564 ) 1,932 Total deferred tax (benefit) expense (17,447 ) 1,467 (5,936 ) Income tax (benefit) expense, as reported $ (12,154 ) $ 5,431 $ (5,402 )
Schedule of Effective Income Tax Rate Reconciliation	Reported income tax expense (benefit) differed from the amounts computed by applying the U.S. federal statutory income tax rate of 21% in 2020, 2019 and 2018 to income before income taxes as follows: 2020 2019 2018 Income tax expense computed at the statutory rate $ 9,952 $ 4,928 $ 9,670 State income tax (benefit) expense, net of federal (1,009 ) 838 1,485 Stock-based compensation expense (17,489 ) 443 268 Net operating loss carryback arising from CARES Act (3,732 ) — — Change in U.S. tax rate — — 244 Decrease in taxes due to investment tax credit — (1,561 ) (17,846 ) Other 124 783 777 Total income tax (benefit) expense $ (12,154 ) $ 5,431 $ (5,402 )
Schedule of Deferred Tax Assets and Liabilities	Components of deferred tax assets and liabilities are as follows: 2020 2019 Deferred tax assets: Tax credit carryforwards $ 21,892 $ 37,619 Allowance for loan and lease losses 19,311 11,579 Net operating loss carryforwards — 83 Mark to market on loans held for sale 25,107 10,501 Deferred loan fees and costs, net 6,535 — Stock-based compensation expense 1,805 4,918 Goodwill and intangibles 278 720 Accrued expenses 2,487 1,372 Operating lease liabilities 661 629 Other 1,036 977 Total deferred tax assets 79,112 68,398 Deferred tax liabilities: Net unrealized losses on equity method investments 11,417 14,703 Unguaranteed loan discount 12,612 13,076 Premises and equipment 39,847 45,291 Deferred loan fees and costs, net — 1,417 Net unrealized gains on equity securities 4,386 891 Net unrealized gains on securities available for sale 6,792 3,702 Operating lease right-of-use assets 605 584 Other 843 482 Total deferred tax liabilities 76,502 80,146 Net deferred tax asset (liability) $ 2,610 $ (11,748 )

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 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. December 31, 2020 Total Level 1 Level 2 Level 3 Investment securities available-for-sale US government agencies $ 15,919 $ — $ 15,919 $ — Mortgage-backed securities 730,454 — 730,454 — Municipal bonds 1 3,725 — 3,629 96 Loans held for sale 36,111 — — 36,111 Loans held for investment 815,374 — — 815,374 Servicing assets 2 33,918 — — 33,918 Mutual fund 2,351 — 2,351 — Equity warrant assets 3 908 — — 908 Total assets at fair value $ 1,638,760 $ — $ 752,353 $ 886,407 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 bond 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 year ended December 31, 2020, the Company recorded a fair value adjustment gain of $4 thousand. During the year ended December 31, 2019, the Company sold $900 thousand of a municipal bond to a third party and recorded a fair value adjustment loss of $8 thousand. 2 See Note 5 for a rollforward of recurring Level 3 fair values for servicing assets. 3 During the year ended December 31, 2020, the Company entered into equity warrant assets with a fair value of $203 thousand at the time of issuance, recorded net gains on derivative instruments of $168 thousand, and settlements of $33 thousand. During the year ended December 31, 2019, the Company entered into equity warrant assets with a fair value of $97 thousand at the time of issuance, recorded net losses on derivative instruments of $53 thousand, and no settlements.
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 December 31, 2020 and December 31, 2019. December 31, 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 $ 36,111 $ 38,135 $ (2,024 ) $ — $ — $ — $ — $ — $ — Loans held for investment 815,374 845,082 (29,708 ) 35,499 39,318 (3,819 ) 25,532 28,741 (3,209 ) $ 851,485 $ 883,217 $ (31,732 ) $ 35,499 $ 39,318 $ (3,819 ) $ 25,532 $ 28,741 $ (3,209 ) 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. Twelve Months Ended December 31, Gains (Losses) on Loans Accounted for under the Fair Value Option 2020 2019 Loans held for sale $ 232 $ 470 Loans held for investment (13,315 ) 6,938 $ (13,083 ) $ 7,408
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. Twelve Months Ended December 31, Loans held for sale 2020 2019 Balance at beginning of period $ 16,198 $ 17,745 Issuances 35,275 30,730 Fair value changes 232 470 Sales (6,082 ) (32,452 ) Settlements (9,512 ) (295 ) Balance at end of period $ 36,111 $ 16,198
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. December 31, 2020 Total Level 1 Level 2 Level 3 Collateral dependent loans $ 4,159 $ — $ — $ 4,159 Foreclosed assets 4,155 — — 4,155 Long-lived asset held for sale 8,874 8,874 — — Equity security investments with a non-readily determinable fair value 25,367 — 25,367 — Total assets at fair value $ 42,555 $ 8,874 $ 25,367 $ 8,314 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 as of December 31, 2020 and December 31, 2019, the significant unobservable inputs used in the fair value measurements were as follows: December 31, 2020 Level 3 Assets with Significant Unobservable Inputs Fair Value Valuation Technique Significant Unobservable Inputs Range Recurring fair value Municipal bond $ 96 Discounted expected cash flows Discount rate Prepayment speed 4.3% 5.0% Loans held for sale $ 36,111 Discounted expected cash flows Discount rate Prepayment speed 4.2% to 18.5% WAVG 19.0% Loans held for investment $ 815,374 Discounted expected cash flows Discounted appraisals Loss rate Discount rate Prepayment speed Appraisal adjustments 0.0% to 73.2% (WAVG 1.5%) 4.2% to 18.5% WAVG 19.0% 10.0% to 83.0% Equity warrant assets $ 908 Black-Scholes option pricing model Volatility Risk-free interest rate Marketability discount Remaining life 26.5-87.1% 0.36% to 0.93% 20% 5 - 10 years Non-recurring fair value Collateral dependent loans $ 4,159 Discounted appraisals Appraisal adjustments (1) 10.0% to 83.0% Foreclosed assets $ 4,155 Discounted appraisals Appraisal adjustments (1) 10.0% to 20.0% 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 are as follows: December 31, 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 $ 297,167 $ 297,167 $ — $ — $ 297,167 Federal funds sold 21,153 21,153 — — 21,153 Certificates of deposit with other banks 6,500 6,906 — — 6,906 Loans held for sale 1,139,359 — — 1,235,122 1,235,122 Loans and leases held for investment, net of allowance for credit losses on loans and leases 4,277,402 — — 4,366,642 4,366,642 Financial liabilities Deposits 5,712,828 — 5,711,781 — 5,711,781 Borrowings 1,542,093 — — 1,542,171 1,542,171 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 held for investment, 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)	12 Months Ended
	Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Summary of Commitments	A summary of the Company’s commitments is as follows: December 31, 2020 December 31, 2019 Commitments to extend credit $ 2,054,910 $ 1,834,449 Standby letters of credit 22,913 25,532 Total unfunded off-balance sheet credit risk $ 2,077,823 $ 1,859,981

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Option Activity	Stock option activity under the Plan during the year ended December 31, 2020 is summarized below. Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2019 2,515,727 $ 11.42 Exercised (563,072 ) 10.23 Forfeited (74,893 ) 11.55 Outstanding at December 31, 2020 1,877,762 $ 11.78 4.08 years $ 67,006,886 Exercisable at December 31, 2020 855,126 $ 10.53 3.86 years $ 31,579,415
Summary of Non-vested Stock Option Activity	The following is a summary of non-vested stock option activity for the Company for the years ended December 31, 2020, 2019, and 2018. Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2017 2,364,999 $ 4.65 Vested (308,373 ) 7.51 Forfeited (216,796 ) 5.90 Non-vested at December 31, 2018 1,839,830 4.60 Vested (288,394 ) 4.20 Forfeited (66,040 ) 3.50 Non-vested at December 31, 2019 1,485,396 4.73 Vested (387,867 ) 3.05 Forfeited (74,893 ) 4.52 Non-vested at December 31, 2020 1,022,636 $ 5.38
Restricted Stock Unit Activity	The following is a summary of non-vested RSU stock activity for the Company for the year ended December 31, 2020. Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 457,401 $ 21.54 Granted 586,132 17.78 Vested (89,426 ) 20.61 Forfeited (64,268 ) 24.55 Non-vested at December 31, 2020 889,839 $ 18.94 The following is a summary of non-vested Market RSU stock activity for the Company for the year ended December 31, 2020. Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2019 3,154,324 $ 8.44 Vested (2,513,233 ) 8.62 Forfeited (57,591 ) 9.25 Non-vested at December 31, 2020 583,500 $ 8.38 1 1 Adjusted for modification in 2019, as described below.

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2020
Regulated Operations [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Capital amounts and ratios as of December 31, 2020 and 2019, are presented in the following table. Actual Minimum Capital Requirement Minimum To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio Consolidated - December 31, 2020 Common Equity Tier 1 (to Risk-Weighted Assets) $ 521,568 12.15 % $ 193,172 4.50 % N/A N/A Total Capital (to Risk-Weighted Assets) $ 574,621 13.39 % $ 343,417 8.00 % N/A N/A Tier 1 Capital (to Risk-Weighted Assets) $ 521,568 12.15 % $ 257,563 6.00 % N/A N/A Tier 1 Capital (to Average Assets) $ 521,568 8.40 % $ 248,417 4.00 % N/A N/A Bank - December 31, 2020 Common Equity Tier 1 (to Risk-Weighted Assets) $ 470,069 11.25 % $ 188,012 4.50 % $ 271,573 6.50 % Total Capital (to Risk-Weighted Assets) $ 522,305 12.50 % $ 334,243 8.00 % $ 417,804 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 470,069 11.25 % $ 250,683 6.00 % $ 334,243 8.00 % Tier 1 Capital (to Average Assets) $ 470,069 7.60 % $ 247,288 4.00 % $ 309,110 5.00 % Consolidated - December 31, 2019 Common Equity Tier 1 (to Risk-Weighted Assets) $ 499,513 14.90 % $ 150,927 4.50 % N/A N/A Total Capital (to Risk-Weighted Assets) $ 527,747 15.74 % $ 268,315 8.00 % N/A N/A Tier 1 Capital (to Risk-Weighted Assets) $ 499,513 14.90 % $ 201,236 6.00 % N/A N/A Tier 1 Capital (to Average Assets) $ 499,513 10.65 % $ 187,582 4.00 % N/A N/A Bank - December 31, 2019 Common Equity Tier 1 (to Risk-Weighted Assets) $ 451,807 13.66 % $ 148,950 4.50 % $ 215,150 6.50 % Total Capital (to Risk-Weighted Assets) $ 480,040 14.51 % $ 264,800 8.00 % $ 331,000 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 451,807 13.66 % $ 198,600 6.00 % $ 264,800 8.00 % Tier 1 Capital (to Average Assets) $ 451,807 9.68 % $ 186,627 4.00 % $ 233,283 5.00 %

Significant Equity Method Inv_2

Significant Equity Method Investments (Tables)	12 Months Ended
	Dec. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]
Summary of Balance Sheet and Income Statement Information of Combined Equity Method Investments	The following table provides summarized balance sheet information for the Company’s combined equity method investments as of December 31, 2020 and 2019. The Company’s equity method investments are included in the other assets line on the consolidated balances sheet and are largely concentrated in new or emerging financial service technology companies. As of December 31, Balance sheet data 2020 2019 Current assets $ 67,843 $ 56,710 Noncurrent assets 285,018 162,304 Total assets $ 352,861 $ 219,014 Current liabilities $ 64,019 $ 19,910 Noncurrent liabilities 17,151 683 Total liabilities 81,170 20,593 Equity interests 271,691 198,421 Total liabilities and equity $ 352,861 $ 219,014 The following table provides summarized income statement information for the Company’s combined equity method investments for the years ended December 31, 2020, 2019, and 2018. Years ended December 31, Summary of operations 2020 2019 2018 Total revenues $ 68,038 $ 56,928 $ 54,418 Net loss (68,406 ) (30,367 ) (8,251 )

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables provide financial information for the Company's segments. The information provided under the caption “Other” represents operations not considered to be reportable segments and/or general operating expenses of the Company, and includes the parent company, other non-bank subsidiaries and elimination adjustments to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Banking Fintech Other Consolidated As of and for the year Ended December 31, 2020 Interest income $ 288,305 $ — $ 103 $ 288,408 Interest expense 93,313 — 372 93,685 Net interest income 194,992 — (269 ) 194,723 Provision for loan and lease credit losses 40,658 — — 40,658 Noninterest income 77,512 6,567 1,921 86,000 Noninterest expense 181,555 5,510 5,611 192,676 Income tax (benefit) expense (7,171 ) 2,989 (7,972 ) (12,154 ) Net income (loss) $ 57,462 $ (1,932 ) $ 4,013 $ 59,543 Total assets $ 7,767,013 $ 83,946 $ 21,344 $ 7,872,303 As of and for the year Ended December 31, 2019 Interest income $ 227,776 $ 30 $ 174 $ 227,980 Interest expense 88,052 — (154 ) 87,898 Net interest income 139,724 30 328 140,082 Provision for loan and lease credit losses 15,067 — 145 15,212 Noninterest income 64,034 (2,436 ) 1,921 63,519 Noninterest expense 152,227 7,078 5,619 164,924 Income tax expense (benefit) 6,803 (1,218 ) (154 ) 5,431 Net income (loss) $ 29,661 $ (8,266 ) $ (3,361 ) $ 18,034 Total assets $ 4,724,537 $ 82,355 $ 5,936 $ 4,812,828 As of and for the year Ended December 31, 2018 Interest income $ 163,174 $ — $ (531 ) $ 162,643 Interest expense 55,245 — (645 ) 54,600 Net interest income 107,929 — 114 108,043 Provision for loan and lease credit losses 5,451 — 107 5,558 Noninterest income 91,681 (386 ) 4,970 96,265 Noninterest expense 130,589 619 21,496 152,704 Income tax benefit (1,744 ) — (3,658 ) (5,402 ) Net income (loss) $ 65,314 $ (1,005 ) $ (12,861 ) $ 51,448 Total assets $ 3,588,667 $ 87,554 $ (3,284 ) $ 3,672,937

Parent Company Only Financial_2

Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet	Balance Sheets As of December 31, 2020 2019 Assets Cash and cash equivalents $ 11,209 $ 13,585 Investment in subsidiaries 543,740 499,335 Other assets 30,816 21,182 Total assets $ 585,765 $ 534,102 Liabilities and Shareholders' Equity Borrowings $ 14,488 $ — Other liabilities 3,427 1,716 Total liabilities 17,915 1,716 Shareholders' equity: Common stock 310,619 340,397 Retained earnings 235,724 180,265 Accumulated other comprehensive income (loss) 21,507 11,724 Total equity 567,850 532,386 Total liabilities & shareholders' equity $ 585,765 $ 534,102
Condensed Income Statement	Statements of Income Years ended December 31, 2020 2019 2018 Interest income $ 91 $ 236 $ 46 Interest expense 372 — 129 Net interest loss (281 ) 236 (83 ) Noninterest income: Other noninterest income 252 140 562 Total noninterest income 252 140 562 Noninterest expense: Salaries and employee benefits 17,250 12,408 10,117 Professional services expense 750 825 853 Renewable energy tax credit investment impairment — 602 — Impairment expense on goodwill and other intangibles, net — — 2,680 Other expense 1,167 999 1,844 Total noninterest expense 19,167 14,834 15,494 Net loss before equity in undistributed income of subsidiaries (19,196 ) (14,458 ) (15,015 ) Income tax benefit (7,785 ) (27 ) (3,658 ) Net loss (11,411 ) (14,431 ) (11,357 ) Equity in undistributed income of subsidiaries in excess of dividends from subsidiaries 70,954 32,465 62,805 Net income attributable to Live Oak Bancshares, Inc. $ 59,543 $ 18,034 $ 51,448
Condensed Cash Flow Statement	Statements of Cash Flows Years ended December 31, 2020 2019 2018 Cash flows from operating activities Net income $ 59,543 $ 18,034 $ 51,448 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed net income of subsidiaries in excess of dividends of subsidiaries (70,954 ) (32,465 ) (62,805 ) Equity used in subsidiary tax withholding related to vesting of restricted stock and other 43,507 — — Depreciation — — 199 Impairment expense on goodwill and other intangibles, net — — 2,680 Deferred income tax 1,163 (790 ) (6,633 ) Renewable energy tax credit investment impairment — 602 — Stock option based compensation expense 1,594 1,723 1,713 Restricted stock expense 13,146 10,025 7,463 Business combination contingent consideration fair value adjustments 163 — (260 ) Net change in other assets (6,706 ) 7,100 4,396 Net change in other liabilities (525 ) 1,417 142 Net cash provided by (used in) operating activities 40,931 5,646 (1,657 ) Cash flows from investing activities Capital investment in subsidiaries (6,354 ) (1,109 ) (9,325 ) Business combination, net of cash acquired (895 ) — — Purchases of premises and equipment — — (20 ) Net cash used in investing activities (7,249 ) (1,109 ) (9,345 ) Cash flows from financing activities Proceeds from borrowings 70,000 — — Repayments of borrowings (55,512 ) (1,441 ) (25,123 ) Stock option exercises 3,069 508 1,626 Employee stock purchase program 520 437 342 Tax withholding related to vesting of restricted stock and other (49,229 ) (409 ) (756 ) Shareholder dividend distributions (4,906 ) (4,827 ) (4,809 ) Net cash used in financing activities (36,058 ) (5,732 ) (28,720 ) Net change in cash and cash equivalents (2,376 ) (1,195 ) (39,722 ) Cash and cash equivalents at beginning of year 13,585 14,780 54,502 Cash and cash equivalents at end of year $ 11,209 $ 13,585 $ 14,780

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Organization Additional Information (Details)	12 Months Ended
	Dec. 31, 2020Office
Significant Influence
Schedule Of Equity Method Investments [Line Items]
Limited partnership board involvement ownership percentage	5.00%
Significant Influence | Minimum
Schedule Of Equity Method Investments [Line Items]
Limited liability companies privately held ownership interest	20.00%
UNITED STATES
Schedule Of Equity Method Investments [Line Items]
Number of satellite sales offices	7

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum exposure to loss	$ 879	$ 1,758

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Business Combination (Details) - JAM $ in Millions	Apr. 01, 2020USD ($)
Business Acquisition [Line Items]
Equity interests	100.00%
Goodwill	$ 1.8
Intangible assets	2.3
Contingent consideration	$ 2.1
Useful life	15 years

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Cash and Cash Equivalents and Certificates of Deposit with other Banks (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020
Cash And Cash Equivalents [Line Items]
Daily average cash reserve requirement	$ 1,000
Minimum | Certificates of Deposit
Cash And Cash Equivalents [Line Items]
Investment interest rate		0.15%
Maximum
Cash And Cash Equivalents [Line Items]
FDIC insurable amount		$ 250
Maximum | Certificates of Deposit
Cash And Cash Equivalents [Line Items]
Investment interest rate		3.55%

Organization and Summary of S_8

Organization and Summary of Significant Accounting Policies - Investments (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Federal home loan bank stock	$ 4.3	$ 3.3

Organization and Summary of S_9

Organization and Summary of Significant Accounting Policies - Loans and Leases (Details)	12 Months Ended
	Dec. 31, 2020
Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]
Retention percentage of unguaranteed portion of loan participating interest.	5.00%
SBA Loan
Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]
Percentage of principal balance required to be retained	10.00%
USDA loan
Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]
Percentage of principal balance required to be retained	5.00%

Organization and Summary of _10

Organization and Summary of Significant Accounting Policies - Schedule of Loans Receivable Held-for-sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]
Balance at beginning of year	$ 966,447	$ 687,393
Originations	1,183,152	1,005,165	$ 1,079,472
Proceeds from sale	(875,393)	(457,533)	(1,086,614)
Gain on sale of loans	49,473	29,002	75,170
Principal collections, net of deferred fees and costs	50,431	(58,683)
Non-cash transfers, net	(198,640)	(238,897)
Balance at end of period	$ 1,175,470	$ 966,447	$ 687,393

Organization and Summary of _11

Organization and Summary of Significant Accounting Policies - Leases (Details)	12 Months Ended
	Dec. 31, 2020term
Lessee, Lease, Description [Line Items]
Number of additional terms	2
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	3 years
Term of contract, operating lease	10 years
Minimum | Equipment Leased to Other Party
Lessee, Lease, Description [Line Items]
Useful life	20 years
Salvage value, percentage	20.00%
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	7 years
Term of contract, operating lease	15 years
Maximum | Equipment Leased to Other Party
Lessee, Lease, Description [Line Items]
Useful life	25 years
Salvage value, percentage	50.00%

Organization and Summary of _12

Organization and Summary of Significant Accounting Policies - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Retained earnings		$ 235,724	$ 180,265
Allowance for off-balance sheet credit exposures		$ 746	$ 165
ASU No. 2016-13
Schedule Of Equity Method Investments [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date		Jan. 1, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
ASU No. 2016-13 | Restatement Adjustment
Schedule Of Equity Method Investments [Line Items]
Retained earnings	$ 822
Decrease in allowance for credit losses	(1,300)
Increase in reserve on unfunded commitments	$ 499

Organization and Summary of _13

Organization and Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2020
Buildings
Property, Plant and Equipment [Line Items]
Useful life	39 years
Transportation | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Transportation | Maximum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Land improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Land improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Computers and software | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Computers and software | Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Solar panels | Minimum
Property, Plant and Equipment [Line Items]
Useful life	20 years
Solar panels | Maximum
Property, Plant and Equipment [Line Items]
Useful life	25 years

Organization and Summary of _14

Organization and Summary of Significant Accounting Policies - Derivative Financial Instruments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Cash margin balances	$ 0	$ 2,700,000
Gain (loss) on derivative, net	(2,600,000)	(3,000,000)	$ (68,000)
Derivative, notional amount		$ 20,400,000	$ 40,300,000
Derivative, fair value, net	$ 0
Term of warrant	10 years

Organization and Summary of _15

Organization and Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($)	Aug. 01, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets			$ 0	$ 0
Impairment expense on goodwill and other intangibles, net		$ 0	0	2,680,000
Impairments of long-lived assets		0	$ 0	$ 0
JAM
Finite-Lived Intangible Assets [Line Items]
Carrying amount of intangible assets		2,200,000
Accumulated amortization of intangible assets		$ 115,000
Reltco
Finite-Lived Intangible Assets [Line Items]
Financing receivables	$ 3,000,000

Organization and Summary of _16

Organization and Summary of Significant Accounting Policies - Schedule of Impaired Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Intangible assets			$ 3,979,000
Other net asset dispositions			341,000
Contingent consideration liability			(1,640,000)
Total impairment expense on goodwill and other intangibles, net	$ 0	$ 0	$ 2,680,000

Organization and Summary of _17

Organization and Summary of Significant Accounting Policies - Impairment of Long-Lived Asset Reclassified to Held for Sale (Details) - USD ($) $ in Thousands	Jan. 01, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Impairment expense				$ 341
Gain on sale of aircraft		$ (6)	$ 357
Air Transportation Equipment
Property, Plant and Equipment [Line Items]
Expected proceeds from sale of aircraft		8,900
Impairment expense		1,300
Carrying amount of aircraft		$ 19,200
Gain on sale of aircraft			$ 357
Air Transportation Equipment | Subsequent Event
Property, Plant and Equipment [Line Items]
Gain on sale of aircraft	$ 114

Organization and Summary of _18

Organization and Summary of Significant Accounting Policies - Common Stock (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Jun. 11, 2014class
Class Of Stock [Line Items]
Number of class of common stock | class			2
Private Placement | Class A Common Stock
Class Of Stock [Line Items]
Non-voting common stock converted to voting common stock in private sale (in shares) | shares	1,807,774	1,727,999
Non-voting common stock converted to voting common stock in private sale | $	$ 19.1	$ 18.3

Organization and Summary of _19

Organization and Summary of Significant Accounting Policies - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Basic earnings per share:
Net income	$ 59,543	$ 18,034	$ 51,448
Weighted-average basic shares outstanding	40,677,496	40,222,758	40,056,230
Basic earnings per share	$ 1.46	$ 0.45	$ 1.28
Diluted earnings per share:
Net income, for diluted earnings per share	$ 59,543	$ 18,034	$ 51,448
Weighted-average basic shares outstanding	40,677,496	40,222,758	40,056,230
Add effect of dilutive stock options and restricted stock grants	1,093,754	830,756	1,390,520
Total weighted-average diluted shares outstanding	41,771,250	41,053,514	41,446,750
Diluted earnings per share	$ 1.43	$ 0.44	$ 1.24
Anti-dilutive shares	2,179	1,071,467	1,111,236

Organization and Summary of _20

Organization and Summary of Significant Accounting Policies - Earnings Per Share (Details) - Restricted Stock shares in Thousands	Jan. 13, 2021shares
Earnings Per Share Basic And Diluted [Line Items]
Number of shares, vested	200
Shares issued net of shares for tax withholdings	114

Organization and Summary of _21

Organization and Summary of Significant Accounting Policies - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reclassification [Line Items]
Loans and leases held for investment	$ (2,627,286)	$ (5,145,082)	$ (2,627,286)
Provision for loan and lease credit losses		(40,658)	(15,212)	$ (5,558)
Loan servicing asset revaluation	4,135	$ 9,958	16,581	21,224
CARES ACT of 2020 government guarantee percentage		100.00%
Paycheck Protection Program Loans
Reclassification [Line Items]
CARES ACT of 2020 government guarantee percentage		100.00%
Restatement Adjustment
Reclassification [Line Items]
Loans and leases held for investment	$ 20,000		20,000	18,000
Provision for loan and lease credit losses			(4,400)	(7,500)
Loan servicing asset revaluation			$ 11,800	$ 2,500

Organization and Summary of _22

Organization and Summary of Significant Accounting Policies - Effect of Reclassifications on Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	$ 4,809	$ 40,658	$ 15,212	$ 5,558
Net interest income after provision for loan and lease credit losses	33,202	154,065	124,870	102,485
Loan servicing asset revaluation	(4,135)	(9,958)	(16,581)	(21,224)
Net gain (loss) on loans accounted for under the fair value option	1,432	(13,083)	7,408	(5,041)
Total noninterest income	20,125	86,000	63,519	96,265
Net income	6,832	$ 59,543	18,034	51,448
As Reported
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	6,208		19,573	13,058
Net interest income after provision for loan and lease credit losses	31,803		120,509	94,985
Loan servicing asset revaluation	(1,304)		(4,812)	(18,765)
Total noninterest income	21,524		67,880	103,765
Net income	6,832		18,034	51,448
Reclassifications
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	(1,399)		(4,361)	(7,500)
Net interest income after provision for loan and lease credit losses	1,399		4,361	7,500
Loan servicing asset revaluation	(2,831)		(11,769)	(2,459)
Net gain (loss) on loans accounted for under the fair value option	1,432		7,408	(5,041)
Total noninterest income	$ (1,399)		$ (4,361)	$ (7,500)

Organization and Summary of _23

Organization and Summary of Significant Accounting Policies - Effect of Reclassifications on Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	$ 4,809	$ 40,658	$ 15,212	$ 5,558
Net decrease in servicing assets		1,447	12,276	4,657
Net loss (gain) on loans accounted for under fair value option	(1,432)	13,083	(7,408)	5,041
Net cash used by operating activities		(272,989)	(496,424)	6,294
Loan and lease originations and principal collections, net		(2,402,024)	(503,349)	(440,416)
Net cash used by investing activities		$ (2,607,469)	(670,665)	(845,358)
As Reported
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	6,208		19,573	13,058
Net decrease in servicing assets			12,276	4,657
Change in discount on unguaranteed loans			(9,270)	2,768
Net cash used by operating activities			(493,925)	11,521
Loan and lease originations and principal collections, net			(505,848)	(445,643)
Net cash used by investing activities			(673,164)	(850,585)
Reclassifications
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Provision for loan and lease credit losses	(1,399)		(4,361)	(7,500)
Change in discount on unguaranteed loans			9,270	(2,768)
Net loss (gain) on loans accounted for under fair value option	$ (1,432)		(7,408)	5,041
Net cash used by operating activities			(2,499)	(5,227)
Loan and lease originations and principal collections, net			2,499	5,227
Net cash used by investing activities			$ 2,499	$ 5,227

Organization and Summary of _24

Organization and Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details)	Dec. 31, 2020
ASU No. 2018-13
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date	Jan. 1, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
ASU No. 2018-15
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date	Jan. 1, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
ASU No. 2019-01
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date	Jan. 1, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
ASU No. 2019-04
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date	Jan. 1, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
ASU 2020-03
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date	Mar. 31, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true
ASU 2020-04
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change In Accounting Principle Accounting Standards Update Adoption Date	Mar. 12, 2020
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true

Securities - Carrying Amount an

Securities - Carrying Amount and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 721,799	$ 524,619
Unrealized Gains	29,243	16,361
Unrealized Losses	944	935
Fair Value	750,098	540,045
US Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		4,988
Unrealized Gains		27
Fair Value		5,015
US government agencies
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	15,440	22,444
Unrealized Gains	479	335
Fair Value	15,919	22,779
Mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	703,092	488,694
Unrealized Gains	28,302	15,530
Unrealized Losses	940	927
Fair Value	730,454	503,297
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	3,267	8,493
Unrealized Gains	462	469
Unrealized Losses	4	8
Fair Value	$ 3,725	$ 8,954

Securities - Narrative (Details

Securities - Narrative (Details)	12 Months Ended
	Dec. 31, 2020USD ($)Security	Dec. 31, 2019USD ($)Security	Dec. 31, 2018Security
Schedule Of Available For Sale Securities [Line Items]
Number of securities sold | Security		11	0
Proceeds from sale of securities		$ 36,200,000
Gain (Loss) on sale of securities available-for-sale		620,000
Other than temporary impairment losses	$ 0
Collateral Pledged
Schedule Of Available For Sale Securities [Line Items]
Debt securities, available-for-sale, restricted		$ 0
Matured Securities
Schedule Of Available For Sale Securities [Line Items]
Number of securities sold | Security	7
Proceeds from sale of securities	$ 12,800,000
Sale of Securities
Schedule Of Available For Sale Securities [Line Items]
Number of securities sold | Security	20
Proceeds from sale of securities	$ 29,600,000
Gain (Loss) on sale of securities available-for-sale	1,900,000
Gain on sale of securities available-for-sale	2,000,000
Loss on sale of securities available-for-sale	$ (136,000)
Residential mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Number of securities in unrealized loss portions for longer than 12 months | Security	3	22
Number of securities in unrealized loss positions for less than 12 months | Security	21	10
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Number of securities in unrealized loss portions for longer than 12 months | Security	1	1
Commercial mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Number of securities in unrealized loss positions for less than 12 months | Security	8	10

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses and Fair Value of Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Securities in unrealized loss position, Less Than 12 Months, Fair Value	$ 156,904	$ 42,835
Securities in unrealized loss position, Less Than 12 Months, Unrealized Losses	917	460
Securities in unrealized loss position, 12 Months or More, Fair Value	1,949	36,610
Securities in unrealized loss position, 12 Months or More, Unrealized Losses	27	475
Securities in unrealized loss position, Total, Fair Value	158,853	79,445
Securities in unrealized loss position, Total, Unrealized Losses	944	935
Mortgage-backed securities
Schedule Of Available For Sale Securities [Line Items]
Securities in unrealized loss position, Less Than 12 Months, Fair Value	156,904	42,835
Securities in unrealized loss position, Less Than 12 Months, Unrealized Losses	917	460
Securities in unrealized loss position, 12 Months or More, Fair Value	1,853	36,518
Securities in unrealized loss position, 12 Months or More, Unrealized Losses	23	467
Securities in unrealized loss position, Total, Fair Value	158,757	79,353
Securities in unrealized loss position, Total, Unrealized Losses	940	927
Municipal bonds
Schedule Of Available For Sale Securities [Line Items]
Securities in unrealized loss position, 12 Months or More, Fair Value	96	92
Securities in unrealized loss position, 12 Months or More, Unrealized Losses	4	8
Securities in unrealized loss position, Total, Fair Value	96	92
Securities in unrealized loss position, Total, Unrealized Losses	$ 4	$ 8

Securities - Summary of Investm

Securities - Summary of Investment Securities by Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Amortized Cost	$ 721,799	$ 524,619
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Total, Fair value	750,098	540,045
US government agencies
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
Within one year, Amortized cost	4,999
One to five years, Amortized cost	7,515
Five to ten years, Amortized cost	2,926
Amortized Cost	15,440	22,444
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Within one year, Fair value	5,041
One to five years, Fair value	7,779
Five to ten years, Fair value	3,099
Total, Fair value	15,919	22,779
Mortgage-backed securities
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
One to five years, Amortized cost	7,934
Five to ten years, Amortized cost	202,991
After 10 years, Amortized cost	492,167
Amortized Cost	703,092	488,694
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
One to five years, Fair value	8,381
Five to ten years, Fair value	218,849
After 10 years, Fair value	503,224
Total, Fair value	730,454	503,297
Municipal bonds
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract]
After 10 years, Amortized cost	3,267
Amortized Cost	3,267	8,493
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
After 10 years, Fair value	3,725
Total, Fair value	$ 3,725	$ 8,954

Securities - Carrying and Owner

Securities - Carrying and Ownership Percentage of Each Equity Method Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 77,928	$ 86,152
Apiture, Inc.
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 53,344	$ 64,741
Equity method investment ownership percentage	39.10%	47.20%
Canapi Ventures SBIC Fund, LP
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 14,843	$ 15,227
Equity method investment ownership percentage	3.10%	3.10%
Canapi Ventures Fund, LP
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 1,686	$ 1,689
Equity method investment ownership percentage	1.50%	3.30%
Other Fintech Investments in Private Companies
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 1,634	$ 4,495
Equity method investment ownership percentage	Various	Various
Other
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 6,421
Equity method investment ownership percentage	Various	0

Securities - Carrying and Own_2

Securities - Carrying and Ownership Percentage of Each Equity Method Investment (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Canapi Ventures SBIC Fund, LP
Schedule Of Equity Method Investments [Line Items]
Equity method investments, committed amount of investment	$ 11.3	$ 14.8
Canapi Ventures Fund, LP
Schedule Of Equity Method Investments [Line Items]
Equity method investments, committed amount of investment	1	$ 1.5
Other
Schedule Of Equity Method Investments [Line Items]
Equity method investments, committed amount of investment	$ 2.9

Securities - Carrying Amount of

Securities - Carrying Amount of Company Investments in Non Marketable Equity Securities with No Readily Determinable Fair Value and Amounts Recognized in Earnings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Investments Debt And Equity Securities [Abstract]
Carrying value (1)	$ 31,146
Carrying value adjustments:
Upward changes for observable prices	14,558
Net upward change	14,558
Cumulative Adjustments Carrying value adjustments :
Cumulative Adjustments Upward changes for observable prices	18,272
Cumulative Adjustments Downward changes for observable prices	(86)
Cumulative Adjustments Net upward change	$ 18,186

Securities - Carrying Amount _2

Securities - Carrying Amount of Company Investments in Non Marketable Equity Securities with No Readily Determinable Fair Value and Amounts Recognized in Earnings (Parenthetical) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Investments Debt And Equity Securities [Abstract]
Equity security investments, committed amount	$ 522

Loans and Leases Held for Inv_3

Loans and Leases Held for Investment and Credit Quality - Additional Information (Details)	12 Months Ended
	Dec. 31, 2020USD ($)SecurityLoan	Dec. 31, 2019USD ($)SecurityLoan	Dec. 31, 2018USD ($)SecurityLoan
Accounts Notes And Loans Receivable [Line Items]
CARES ACT of 2020 government guarantee percentage	100.00%
Theoretical increase in interest if interest on nonaccrual loans had been accrued in accordance with original terms | $	$ 1,900,000	$ 1,200,000	$ 646,000,000
Number of TDRs with subsequent default | SecurityLoan	0		0
Commercial Real Estate | Healthcare | Payment Deferral
Accounts Notes And Loans Receivable [Line Items]
Number of TDRs with subsequent default | SecurityLoan		1
Recorded investment | $		$ 1,800

Loans and Leases Held for Inv_4

Loans and Leases Held for Investment and Credit Quality - Age Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 46,815	$ 27,893
Total Carried at Amortized Cost	4,349,274	1,797,386
Loans Accounted for Under the Fair Value Option	815,374	824,520
Total Loans and Leases	5,164,648	2,621,906
Net deferred (fees) costs	(19,566)	5,380
Loan and Leases, Net of unearned	5,145,082	2,627,286
Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,302,459	1,769,493
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19,782	16,954
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	27,033	10,939
Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	2,230,861	1,461,484
Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	590,233	335,902
Paycheck Protection Program
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	1,528,180
Commercial & Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	21,443	13,248
Total Carried at Amortized Cost	2,586,665	554,241
Loans Accounted for Under the Fair Value Option	379,431	333,313
Total Loans and Leases	2,966,096	887,554
Commercial & Industrial | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,565,222	540,993
Commercial & Industrial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,678	7,895
Commercial & Industrial | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,765	5,353
Commercial & Industrial | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	21,106	11,940
Total Carried at Amortized Cost	716,196	386,223
Loans Accounted for Under the Fair Value Option	308,341	275,269
Total Loans and Leases	1,024,537	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	695,090	374,283
Commercial & Industrial | Small Business Banking | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,341	7,363
Commercial & Industrial | Small Business Banking | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,765	4,577
Commercial & Industrial | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	337	1,308
Total Carried at Amortized Cost	342,289	168,018
Loans Accounted for Under the Fair Value Option	71,090	58,044
Total Loans and Leases	413,379	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	341,952	166,710
Commercial & Industrial | Specialty Lending | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	337	532
Commercial & Industrial | Specialty Lending | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		776
Commercial & Industrial | Paycheck Protection Program
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	1,528,180
Total Loans and Leases	1,528,180
Commercial & Industrial | Paycheck Protection Program | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,528,180
Construction & Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,723
Total Carried at Amortized Cost	275,700	347,318
Total Loans and Leases	275,700	347,318
Construction & Development | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	271,977	347,318
Construction & Development | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,723
Construction & Development | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Carried at Amortized Cost	183,087	302,470
Total Loans and Leases	183,087	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	183,087	302,470
Construction & Development | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,723
Total Carried at Amortized Cost	92,613	44,848
Total Loans and Leases	92,613	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	88,890	44,848
Construction & Development | Specialty Lending | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,723
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19,406	14,645
Total Carried at Amortized Cost	1,155,028	661,694
Loans Accounted for Under the Fair Value Option	341,669	385,650
Total Loans and Leases	1,496,697	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	1,135,622	647,049
Commercial Real Estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,104	9,059
Commercial Real Estate | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,302	5,586
Commercial Real Estate | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12,339	12,796
Total Carried at Amortized Cost	999,697	538,654
Loans Accounted for Under the Fair Value Option	321,352	358,359
Total Loans and Leases	1,321,049	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	987,358	525,858
Commercial Real Estate | Small Business Banking | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,730	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	8,609	5,586
Commercial Real Estate | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,067	1,849
Total Carried at Amortized Cost	155,331	123,040
Loans Accounted for Under the Fair Value Option	20,317	27,291
Total Loans and Leases	175,648	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	148,264	121,191
Commercial Real Estate | Specialty Lending | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,374	1,849
Commercial Real Estate | Specialty Lending | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,693
Commercial Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,243
Total Carried at Amortized Cost	331,881	234,133
Loans Accounted for Under the Fair Value Option	94,274	105,557
Total Loans and Leases	426,155	339,690
Commercial Land | Current or Less Than 30 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	329,638	234,133
Commercial Land | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,243
Commercial Land | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,243
Total Carried at Amortized Cost	331,881	234,133
Loans Accounted for Under the Fair Value Option	94,274	105,557
Total Loans and Leases	426,155	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	329,638	$ 234,133
Commercial Land | Small Business Banking | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,243

Loans and Leases Held for Inv_5

Loans and Leases Held for Investment and Credit Quality - Age Analysis of Past Due Loans and Leases (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	$ 4,349,274	$ 1,797,386
Total past due loans	46,815	27,893
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due loans	27,033	10,939
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due loans	19,782	16,954
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,610,000	622,600
Current	2,580,000	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	12,900	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	$ 16,700	$ 13,600

Loans and Leases Held for Inv_6

Loans and Leases Held for Investment and Credit Quality - Summary of Credit Quality Indicators by Portfolio Class (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
2020	$ 2,573,056
2019	647,096
2018	425,525
2017	349,565
2016	188,286
Prior	71,149
Revolving Loans Amortized Cost Basis	92,152
Financing Receivable Revolving Loans Converted To Term	2,445
Total loans and leases receivable	4,349,274	$ 1,797,386
Small Business Banking
Financing Receivable, Recorded Investment [Line Items]
2020	740,667
2019	544,164
2018	365,208
2017	290,221
2016	182,504
Prior	71,149
Revolving Loans Amortized Cost Basis	35,135
Financing Receivable Revolving Loans Converted To Term	1,813
Total loans and leases receivable	2,230,861	1,461,484
Small Business Banking | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
2020	724,506
2019	475,593
2018	287,712
2017	230,653
2016	159,877
Prior	59,065
Revolving Loans Amortized Cost Basis	32,373
Financing Receivable Revolving Loans Converted To Term	1,392
Total loans and leases receivable	1,971,171	1,361,220
Small Business Banking | Risk Grade 5
Financing Receivable, Recorded Investment [Line Items]
2020	16,080
2019	59,595
2018	62,857
2017	44,478
2016	11,203
Prior	3,666
Revolving Loans Amortized Cost Basis	2,131
Financing Receivable Revolving Loans Converted To Term	212
Total loans and leases receivable	200,222	63,015
Small Business Banking | Risk Grades 6 - 8
Financing Receivable, Recorded Investment [Line Items]
2020	81
2019	8,976
2018	14,639
2017	15,090
2016	11,424
Prior	8,418
Revolving Loans Amortized Cost Basis	631
Financing Receivable Revolving Loans Converted To Term	209
Total loans and leases receivable	59,468	37,249
Specialty Lending
Financing Receivable, Recorded Investment [Line Items]
2020	304,209
2019	102,932
2018	60,317
2017	59,344
2016	5,782
Revolving Loans Amortized Cost Basis	57,017
Financing Receivable Revolving Loans Converted To Term	632
Total loans and leases receivable	590,233	335,902
Specialty Lending | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
2020	296,537
2019	96,553
2018	48,930
2017	40,626
Revolving Loans Amortized Cost Basis	55,229
Financing Receivable Revolving Loans Converted To Term	632
Total loans and leases receivable	538,507	307,098
Specialty Lending | Risk Grade 5
Financing Receivable, Recorded Investment [Line Items]
2020	7,672
2019	6,379
2018	2,752
2017	18,718
Revolving Loans Amortized Cost Basis	1,711
Total loans and leases receivable	37,232	26,497
Specialty Lending | Risk Grades 6 - 8
Financing Receivable, Recorded Investment [Line Items]
2018	8,635
2016	5,782
Revolving Loans Amortized Cost Basis	77
Total loans and leases receivable	14,494	$ 2,307
Paycheck Protection Program
Financing Receivable, Recorded Investment [Line Items]
2020	1,528,180
Total loans and leases receivable	1,528,180
Paycheck Protection Program | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
2020	1,528,180
Total loans and leases receivable	$ 1,528,180

Loans and Leases Held for Inv_7

Loans and Leases Held for Investment and Credit Quality - Summary of Credit Quality Indicators by Portfolio Class (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	$ 4,349,274	$ 1,797,386
Loans receivable, fair value	815,374	824,520
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,610,000	622,600
Loans Insured or Guaranteed by US Government Authorities | Risk Grades 1 - 4
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,440,000	556,800
Loans Insured or Guaranteed by US Government Authorities | Risk Grade 5
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	128,000	42,700
Loans Insured or Guaranteed by US Government Authorities | Risk Grades 6 - 8
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	$ 40,900	$ 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	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	$ 46,110	$ 21,939
Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	26,032	14,714
Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	20,078	7,225
Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	9,050
Commercial & Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	17,992	6,938
Commercial & Industrial | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	12,046	5,556
Commercial & Industrial | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	5,946	1,382
Commercial & Industrial | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	17,992	6,162
Commercial & Industrial | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	12,046	5,399
Commercial & Industrial | Small Business Banking | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	5,946	763
Commercial & Industrial | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance		776
Commercial & Industrial | Specialty Lending | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance		157
Commercial & Industrial | Specialty Lending | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance		619
Construction & Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	3,723
Construction & Development | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	3,723
Construction & Development | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	3,723
Construction & Development | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	3,723
Construction & Development | Specialty Lending | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	3,723
Construction & Development | Specialty Lending | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	3,723
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	22,153	8,245
Commercial Real Estate | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	12,258	4,130
Commercial Real Estate | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	9,895	4,115
Commercial Real Estate | Unguaranteed Exposure with No ACL
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unguaranteed exposure with no allowance	5,327
Commercial Real Estate | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	15,085	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 loans and leases balance	6,725	4,130
Commercial Real Estate | Small Business Banking | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	8,360	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	5,327
Commercial Real Estate | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	7,068
Commercial Real Estate | Specialty Lending | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	5,533
Commercial Real Estate | Specialty Lending | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	1,535
Commercial Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	2,242	6,756
Commercial Land | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	1,728	5,028
Commercial Land | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	514	1,728
Commercial Land | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance		6,756
Commercial Land | Small Business Banking | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance		5,028
Commercial Land | Small Business Banking | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance		$ 1,728
Commercial Land | Funeral Home And Cemetery Sector
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	2,242
Commercial Land | Funeral Home And Cemetery Sector | Loans Insured or Guaranteed by US Government Authorities
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	1,728
Commercial Land | Funeral Home And Cemetery Sector | Unguaranteed Balance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans and leases balance	$ 514

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	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	$ 4,349,274	$ 1,797,386
Allowance for Credit Losses	52,306	28,234	$ 14,432	$ 9,991
Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	32,073
Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	9,698
Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	529
Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	19,368
Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	4,086
Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	401
Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	1,781
Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,230,861	1,461,484
Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	590,233	335,902
Commercial & Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,586,665	554,241
Allowance for Credit Losses	26,941	15,757	6,524	4,007
Commercial & Industrial | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	1,279
Commercial & Industrial | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	9,440
Commercial & Industrial | Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	197
Commercial & Industrial | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	531
Commercial & Industrial | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	4,077
Commercial & Industrial | Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	66
Commercial & Industrial | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	1,281
Commercial & Industrial | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	716,196	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	1,279
Commercial & Industrial | Small Business Banking | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	9,440
Commercial & Industrial | Small Business Banking | Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	197
Commercial & Industrial | Small Business Banking | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	531
Commercial & Industrial | Small Business Banking | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	4,077
Commercial & Industrial | Small Business Banking | Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	66
Commercial & Industrial | Small Business Banking | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	1,281
Commercial & Industrial | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	342,289	168,018
Construction & Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	275,700	347,318
Allowance for Credit Losses	5,663	2,732	2,042	2,030
Construction & Development | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	3,767
Construction & Development | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	3,767
Construction & Development | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	183,087	302,470
Construction & Development | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	92,613	44,848
Construction & Development | Specialty Lending | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	3,767
Construction & Development | Specialty Lending | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	3,767
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	1,155,028	661,694
Allowance for Credit Losses	18,148	8,427	5,259	3,509
Commercial Real Estate | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	24,764
Commercial Real Estate | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	258
Commercial Real Estate | Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	332
Commercial Real Estate | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	14,536
Commercial Real Estate | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	9
Commercial Real Estate | Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	335
Commercial Real Estate | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	198
Commercial Real Estate | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	999,697	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	11,568
Commercial Real Estate | Small Business Banking | Collateral Dependent Loans, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	258
Commercial Real Estate | Small Business Banking | Collateral Dependent Loans, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	332
Commercial Real Estate | Small Business Banking | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	6,873
Commercial Real Estate | Small Business Banking | Unguaranteed Portion, Business Assets
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	9
Commercial Real Estate | Small Business Banking | Unguaranteed Portion, Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	335
Commercial Real Estate | Small Business Banking | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	175
Commercial Real Estate | Specialty Lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	155,331	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	13,196
Commercial Real Estate | Specialty Lending | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	7,663
Commercial Real Estate | Specialty Lending | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	23
Commercial Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	331,881	234,133
Allowance for Credit Losses	1,554	1,318	$ 607	$ 445
Commercial Land | Collateral Dependent Loans, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	2,263
Commercial Land | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	534
Commercial Land | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	302
Commercial Land | Small Business Banking
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	331,881	$ 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	2,263
Commercial Land | Small Business Banking | Unguaranteed Portion, Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans and leases receivable	534
Commercial Land | Small Business Banking | Unguaranteed Portion
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for Credit Losses	$ 302

Loans and Leases Held for In_10

Loans and Leases Held for Investment and Credit Quality - Activity in the Allowance for Credit Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses:
Beginning Balance	$ 28,234	$ 14,432	$ 9,991
Impact of adopting ASC 326	(1,321)
Charge offs	(15,392)	(1,675)	(1,267)
Recoveries	127	265	150
Provision	40,658	15,212	5,558
Ending Balance	52,306	28,234	14,432
Commercial & Industrial
Allowance for Loan Losses:
Beginning Balance	15,757	6,524	4,007
Impact of adopting ASC 326	(4,561)
Charge offs	(4,401)	(887)	(1,073)
Recoveries	84	246	120
Provision	20,062	9,874	3,470
Ending Balance	26,941	15,757	6,524
Construction & Development
Allowance for Loan Losses:
Beginning Balance	2,732	2,042	2,030
Impact of adopting ASC 326	1,131
Provision	1,800	690	12
Ending Balance	5,663	2,732	2,042
Commercial Real Estate
Allowance for Loan Losses:
Beginning Balance	8,427	5,259	3,509
Impact of adopting ASC 326	1,916
Charge offs	(10,347)	(615)	(194)
Recoveries	28	18	30
Provision	18,124	3,765	1,914
Ending Balance	18,148	8,427	5,259
Commercial Land
Allowance for Loan Losses:
Beginning Balance	1,318	607	445
Impact of adopting ASC 326	193
Charge offs	(644)	(173)
Recoveries	15	1
Provision	672	883	162
Ending Balance	$ 1,554	$ 1,318	$ 607

Loans and Leases Held for In_11

Loans and Leases Held for Investment and Credit Quality - Recorded Allowance for Loan Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Allowance for credit losses:
Loans and leases individually evaluated for impairment		$ 6,821
Loans and leases collectively evaluated for impairment		21,413
Total allowance for credit losses	$ 52,306	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	4,349,274	1,797,386
Commercial & Industrial
Allowance for credit losses:
Loans and leases individually evaluated for impairment		3,989
Loans and leases collectively evaluated for impairment		11,768
Total allowance for credit 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	2,586,665	554,241
Construction & Development
Allowance for credit losses:
Loans and leases individually evaluated for impairment		17
Loans and leases collectively evaluated for impairment		2,715
Total allowance for credit 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	275,700	347,318
Commercial Real Estate
Allowance for credit losses:
Loans and leases individually evaluated for impairment		2,067
Loans and leases collectively evaluated for impairment		6,360
Total allowance for credit 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	1,155,028	661,694
Commercial Land
Allowance for credit losses:
Loans and leases individually evaluated for impairment		748
Loans and leases collectively evaluated for impairment		570
Total allowance for credit 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	$ 331,881	$ 234,133

Loans and Leases Held for In_12

Loans and Leases Held for Investment and Credit Quality - Recorded Allowance for Loan Loans Receivable (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan Losses:
Total loans and leases receivable	$ 4,349,274	$ 1,797,386
Loans and leases individually evaluated for impairment		57,507
Loans receivable, fair value	815,374	824,520
Loans Insured or Guaranteed by US Government Authorities
Allowance for Loan Losses:
Total loans and leases receivable	$ 2,610,000	622,600
Loans and leases individually evaluated for impairment		$ 36,000

Loans and Leases Held for In_13

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_14

Loans and Leases Held for Investment and Credit Quality - Impaired Loans and Leases With Associated Reserves and No Associated Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
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	56,058	$ 37,162
Loans, Interest Income Recognized	1,624	616
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	13,058	8,032
Loans, Interest Income Recognized	196	106
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	10,809	7,264
Loans, Interest Income Recognized	137	66
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	2,249	768
Loans, Interest Income Recognized	59	40
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
Loans, Average Balance	722	4,951
Loans, Interest Income Recognized	15	15
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
Loans, Average Balance	722	4,951
Loans, Interest Income Recognized	15	15
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	24,851	15,693
Loans, Interest Income Recognized	642	423
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	22,996	15,693
Loans, Interest Income Recognized	632	423
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	1,855
Loans, Interest Income Recognized	10
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	17,427	8,486
Loans, Interest Income Recognized	771	72
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	17,427	8,486
Loans, Interest Income Recognized	$ 771	$ 72

Loans and Leases Held for In_15

Loans and Leases Held for Investment and Credit Quality - Schedule of Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)SecurityLoan	Dec. 31, 2019USD ($)SecurityLoan	Dec. 31, 2018USD ($)SecurityLoan
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	16	3	6
Recorded investment at period end | $	$ 28,724	$ 2,448	$ 10,980
Interest Only
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan		1	1
Recorded investment at period end | $		$ 348	$ 634
Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	9	1
Recorded investment at period end | $	$ 9,260	$ 1,841
Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	4		2
Recorded investment at period end | $	$ 7,075		$ 3,073
Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	3	1	3
Recorded investment at period end | $	$ 12,389	$ 259	$ 7,273
Commercial & Industrial
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	9
Recorded investment at period end | $	$ 2,488
Commercial & Industrial | Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	6
Recorded investment at period end | $	$ 1,895
Commercial & Industrial | Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2
Recorded investment at period end | $	$ 423
Commercial & Industrial | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1
Recorded investment at period end | $	$ 170
Commercial & Industrial | Small Business Banking
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	7	1
Recorded investment at period end | $	$ 2,065	$ 348
Commercial & Industrial | Small Business Banking | Interest Only
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan		1
Recorded investment at period end | $		$ 348
Commercial & Industrial | Small Business Banking | Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	6
Recorded investment at period end | $	$ 1,895
Commercial & Industrial | Small Business Banking | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1
Recorded investment at period end | $	$ 170
Commercial & Industrial | Specialty Lending
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2
Recorded investment at period end | $	$ 423
Commercial & Industrial | Specialty Lending | Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2
Recorded investment at period end | $	$ 423
Construction & Development
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1	1	3
Recorded investment at period end | $	$ 1,787	$ 348	$ 5,573
Construction & Development | Interest Only
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan		1	1
Recorded investment at period end | $		$ 348	$ 634
Construction & Development | Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1		1
Recorded investment at period end | $	$ 1,787		$ 3,067
Construction & Development | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 1,872
Construction & Development | Small Business Banking
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1		3
Recorded investment at period end | $	$ 1,787		$ 5,573
Construction & Development | Small Business Banking | Interest Only
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 634
Construction & Development | Small Business Banking | Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1		1
Recorded investment at period end | $	$ 1,787		$ 3,067
Construction & Development | Small Business Banking | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 1,872
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	5		1
Recorded investment at period end | $	$ 19,584		$ 1,732
Commercial Real Estate | Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	3
Recorded investment at period end | $	$ 7,365
Commercial Real Estate | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2		1
Recorded investment at period end | $	$ 12,219		$ 1,732
Commercial Real Estate | Small Business Banking
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2	2	1
Recorded investment at period end | $	$ 3,738	$ 2,100	$ 1,732
Commercial Real Estate | Small Business Banking | Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2	1
Recorded investment at period end | $	$ 3,738	$ 1,841
Commercial Real Estate | Small Business Banking | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan		1	1
Recorded investment at period end | $		$ 259	$ 1,732
Commercial Real Estate | Specialty Lending
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	3
Recorded investment at period end | $	$ 15,846
Commercial Real Estate | Specialty Lending | Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1
Recorded investment at period end | $	$ 3,627
Commercial Real Estate | Specialty Lending | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	2
Recorded investment at period end | $	$ 12,219
Commercial Land
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1	2	2
Recorded investment at period end | $	$ 4,865	$ 2,100	$ 3,675
Commercial Land | Payment Deferral
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan		1
Recorded investment at period end | $		$ 1,841
Commercial Land | Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1		1
Recorded investment at period end | $	$ 4,865		$ 6
Commercial Land | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan		1	1
Recorded investment at period end | $		$ 259	$ 3,669
Commercial Land | Small Business Banking
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1		2
Recorded investment at period end | $	$ 4,865		$ 3,675
Commercial Land | Small Business Banking | Extend Amortization
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan	1		1
Recorded investment at period end | $	$ 4,865		$ 6
Commercial Land | Small Business Banking | Other
Financing Receivable Modifications [Line Items]
Number of Loans | SecurityLoan			1
Recorded investment at period end | $			$ 3,669

Loans and Leases Held for In_16

Loans and Leases Held for Investment and Credit Quality - Schedule of Troubled Debt Restructurings (Parenthetical) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable Modifications [Line Items]
Recorded investment at period end	$ 28,724,000	$ 2,448,000	$ 10,980,000
Commercial & Industrial
Financing Receivable Modifications [Line Items]
Recorded investment at period end	2,488,000
Commercial & Industrial | Small Business Banking
Financing Receivable Modifications [Line Items]
Recorded investment at period end	2,065,000	348,000
Commercial & Industrial | Small Business Banking | Interest Only And Rate Concession
Financing Receivable Modifications [Line Items]
Recorded investment at period end	170,000
Commercial & Industrial | Specialty Lending
Financing Receivable Modifications [Line Items]
Recorded investment at period end	423,000
Commercial Real Estate
Financing Receivable Modifications [Line Items]
Recorded investment at period end	19,584,000		1,732,000
Commercial Real Estate | Interest Only And Rate Concession
Financing Receivable Modifications [Line Items]
Recorded investment at period end			1,700
Commercial Real Estate | Small Business Banking
Financing Receivable Modifications [Line Items]
Recorded investment at period end	3,738,000	2,100,000	1,732,000
Commercial Real Estate | Specialty Lending
Financing Receivable Modifications [Line Items]
Recorded investment at period end	15,846,000
Commercial Real Estate | Specialty Lending | Interest Only And Rate Concession
Financing Receivable Modifications [Line Items]
Recorded investment at period end	12,200
Other | Payment Deferral & Rate Concession
Financing Receivable Modifications [Line Items]
Recorded investment at period end		259,000
Construction & Development
Financing Receivable Modifications [Line Items]
Recorded investment at period end	1,787,000	348,000	5,573,000
Construction & Development | Interest Only And Rate Concession
Financing Receivable Modifications [Line Items]
Recorded investment at period end			1,800
Construction & Development | Small Business Banking
Financing Receivable Modifications [Line Items]
Recorded investment at period end	1,787,000		5,573,000
Commercial Land
Financing Receivable Modifications [Line Items]
Recorded investment at period end	4,865,000	$ 2,100,000	3,675,000
Commercial Land | Extended Amortization And Rate Concession
Financing Receivable Modifications [Line Items]
Recorded investment at period end			3,700
Commercial Land | Small Business Banking
Financing Receivable Modifications [Line Items]
Recorded investment at period end	$ 4,865,000		$ 3,675,000

Leases - Direct Financing Lease

Leases - Direct Financing Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Gross direct finance lease payments receivable	$ 10,629	$ 13,959
Less - unearned interest	(1,685)	(2,562)
Net investment in direct financing leases	$ 8,944	$ 11,397

Leases - Future Minimum Finance

Leases - Future Minimum Finance Lease Payments Receivable (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
2021	$ 2,937
2022	2,667
2023	2,226
2024	1,582
2025	1,101
Thereafter	116
Total	$ 10,629

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)Lease	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Lessor Lease Description [Line Items]
Direct financing lease, interest income	$ 838	$ 991	$ 401
Premises and equipment, net	259,267	279,099
Premises and equipment, gross	315,564	325,429
Premises and equipment, accumulated depreciation	56,297	46,330
Premises and equipment, depreciation expense	21,600	19,300	16,000
Lease income	$ 9,500	9,400	8,000
Lessee, operating lease, number of leases on which options to extend lease term will certainly be exercised | Lease	1
Finance lease, remaining lease term	1 year 11 months 1 day
Total operating lease rent expense			1,200
Minimum
Lessor Lease Description [Line Items]
Operating lease, remaining lease term	1 year
Maximum
Lessor Lease Description [Line Items]
Operating lease, remaining lease term	26 years
Lessee, operating lease, renewal term	20 years
Premises and Equipment Subject to Operating Leases
Lessor Lease Description [Line Items]
Premises and equipment, net	$ 134,500	144,300
Premises and equipment, gross	164,300	164,300
Premises and equipment, accumulated depreciation	29,800	20,000
Premises and equipment, depreciation expense	$ 9,800	$ 9,700	$ 8,200

Leases - Maturity Analysis of F

Leases - Maturity Analysis of Future Minimum Operating Lease Payments Receivable (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
2021	$ 9,065
2022	9,044
2023	9,075
2024	8,808
2025	8,935
Thereafter	31,175
Total	$ 76,102

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 787	$ 669
Short-term lease cost	87	528
Finance lease cost:
Amortization of right-of-use assets	5	4
Sublease income	(29)	(35)
Total net lease cost	$ 850	$ 1,166

Leases - Summary of Consolidate

Leases - Summary of Consolidated Balance Sheet Related to Finance Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use asset	$ 2,522	$ 2,427
Operating lease liability	$ 2,756	$ 2,619
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesMember	us-gaap:OtherLiabilitiesMember
Finance lease right-of-use asset	$ 9	$ 13
Finance lease liability	$ 9	$ 14

Leases - Summary of Weighted Av

Leases - Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Leases (Details)	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating leases	12 years 2 months 15 days	13 years 4 months 28 days
Finance lease	1 year 11 months 1 day	2 years 11 months 1 day
Operating leases	2.87%	3.12%
Finance lease	3.10%	3.10%

Leases - Summary of Operating a

Leases - Summary of Operating and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating Leases
Operating leases, 2021	$ 742
Operating leases, 2022	724
Operating leases, 2023	478
Operating leases, 2024	202
Operating leases, 2025	42
Operating leases, thereafter	1,202
Operating leases, future lease payments	3,390
Operating leases, less: imputed interest	(634)
Operating leases, total lease liabilities	2,756	$ 2,619
Finance leases
Finance leases, 2021	5
Finance leases, 2022	5
Finance leases, future lease payments	10
Finance leases, less: imputed interest	(1)
Finance leases, total lease liabilities	$ 9	$ 14

Servicing Assets - Narrative (D

Servicing Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Servicing Assets at Fair Value [Line Items]
Unpaid principal balance of loans serviced for others requiring recognition of a servicing asset	$ 2,210	$ 2,260	$ 2,630
Unpaid principal balances of loan serviced for others	$ 3,210	$ 2,970	$ 3,220
Weighted Average
Servicing Assets at Fair Value [Line Items]
Fair value of servicing rights, discount rate	11.70%	14.10%
Fair value of servicing rights, prepayment rate	18.80%	16.40%

Servicing Assets - Summary of A

Servicing Assets - Summary of Activity Pertaining to Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Servicing Asset At Fair Value Amount Roll Forward
Balance at beginning of period	$ 35,365	$ 47,641
Additions, net	8,511	4,305
Fair value changes:
Due to changes in valuation inputs or assumptions	(1,049)	(3,127)
Decay due to increases in principal paydowns or runoff	(8,909)	(13,454)
Balance at end of period	$ 33,918	$ 35,365

Premises and Equipment - Compon

Premises and Equipment - Components of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Premises and equipment, total	$ 315,564	$ 325,429
Less accumulated depreciation	(56,297)	(46,330)
Premises and equipment, net of depreciation	259,267	279,099
Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, total	54,718	54,671
Land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, total	5,180	5,180
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, total	18,032	17,878
Computers and software
Property, Plant and Equipment [Line Items]
Premises and equipment, total	6,001	5,134
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, total	8,068	8,078
Land
Property, Plant and Equipment [Line Items]
Premises and equipment, total	8,650	8,650
Transportation
Property, Plant and Equipment [Line Items]
Premises and equipment, total	30,496	60,947
Solar panels
Property, Plant and Equipment [Line Items]
Premises and equipment, total	164,295	164,295
Deposits on fixed assets
Property, Plant and Equipment [Line Items]
Premises and equipment, total	$ 20,124	$ 596

Premises and Equipment - Narrat

Premises and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation	$ 21.6	$ 19.3	$ 16

Deposits - Types of Deposits (D

Deposits - Types of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Noninterest-bearing deposits	$ 75,287	$ 51,965
Interest-bearing deposits:
Interest-bearing checking	250,060
Money market	117,010	86,754
Savings	2,081,561	1,101,065
Time deposits	3,188,910	2,987,196
Total Interest-bearing deposits	5,637,541	4,175,015
Total deposits	$ 5,712,828	$ 4,226,980

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
Aggregate amount of time deposits in denominations of $250 thousand or more	$ 644	$ 554.4

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Total Time Deposits (Details) $ in Thousands	Dec. 31, 2020USD ($)
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]
2021	$ 2,244,543
2022	391,969
2023	192,861
2024	167,798
2025	95,201
Thereafter	96,538
Total	$ 3,188,910

Borrowings - Total Outstanding

Borrowings - Total Outstanding Borrowings (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Borrowings	$ 1,542,093,000	$ 14,000
Revolving Line of Credit
Debt Instrument [Line Items]
Borrowings	14,488,000
Federal Reserve Bank
Debt Instrument [Line Items]
Borrowings	1,530
Federal Reserve Bank | Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Borrowings	1,527,596,000
Financing Lease Obligations
Debt Instrument [Line Items]
Borrowings	$ 9,000	$ 14,000

Borrowings - Total Outstandin_2

Borrowings - Total Outstanding Borrowings (Parenthetical) (Details) - USD ($)	Sep. 20, 2020	May 28, 2020	Apr. 30, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 29, 2020	Mar. 31, 2020	Dec. 31, 2019	Oct. 31, 2017
Debt Instrument [Line Items]
Borrowings					$ 1,542,093,000			$ 14,000
Revolving Line of Credit
Debt Instrument [Line Items]
Debt instrument, maturity date				Oct. 10, 2021
Debt instrument term				13 months
Debt instrument interest rate cap				4.25%
Debt instrument interest rate floor				2.75%
Line of credit, advances						$ 9,500,000	$ 50,000,000
Debt instrument, principal paydown	$ 12,000	$ 45,000,000
Current available credit facility					35,500,000
Line of Credit | London Interbank Offered Rate (LIBOR) | Revolving Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate				1.15%
Federal Reserve Bank
Debt Instrument [Line Items]
Borrowings					1,530
Federal Reserve Bank | Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Debt Instrument, basis points			0.35%
Borrowings					1,527,596,000
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			Aug. 12, 2025
Financing Lease Obligations
Debt Instrument [Line Items]
Borrowings					$ 9,000			$ 14,000
Financing Lease Obligations | Financing Lease with Unaffiliated Lease Company
Debt Instrument [Line Items]
Financing lease obligations, noncurrent									$ 19,000
Term of contract									60 months
Option to purchase equipment, amount									$ 1

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	Dec. 31, 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	2,010,000,000	1,140,000,000
Federal Funds Purchased
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	167,500,000	72,500,000
Short term borrowings	0	0
Federal Reserve Bank | Federal Reserve Bank
Debt Instrument [Line Items]
Collateral amount	2,220,000,000	526,800,000
Remaining available credit facility	1,770,000,000	294,500,000
Short term borrowings	$ 0	$ 0

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current income tax (benefit) expense:
Federal	$ 2,071	$ 1,339	$ 585
State	3,222	2,625	(51)
Total current tax expense	5,293	3,964	534
Deferred income tax (benefit) expense:
Federal	(12,946)	3,031	(7,868)
State	(4,501)	(1,564)	1,932
Total deferred tax (benefit) expense	(17,447)	1,467	(5,936)
Income tax (benefit) expense, as reported	$ (12,154)	$ 5,431	$ (5,402)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
Federal statutory income tax rate	21.00%	21.00%	21.00%	35.00%
Tax credit carryforwards	$ 21,892,000	$ 37,619,000
Income tax penalties and interest expense	0	$ 0	$ 0
Federal
Income Tax [Line Items]
Tax credit carryforwards	$ 21,900,000
Tax credit carryforwards, expiration start year	2037

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense computed at the statutory rate	$ 9,952	$ 4,928	$ 9,670
State income tax (benefit) expense, net of federal	(1,009)	838	1,485
Stock-based compensation expense	(17,489)	443	268
Net operating loss carryback arising from CARES Act	(3,732)	0	0
Change in U.S. tax rate	0	0	244
Decrease in taxes due to investment tax credit	0	(1,561)	(17,846)
Other	124	783	777
Income tax (benefit) expense, as reported	$ (12,154)	$ 5,431	$ (5,402)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Tax credit carryforwards	$ 21,892	$ 37,619
Allowance for loan and lease losses	19,311	11,579
Net operating loss carryforwards	0	83
Mark to market on loans held for sale	25,107	10,501
Deferred loan fees and costs, net	6,535	0
Stock-based compensation expense	1,805	4,918
Goodwill and intangibles	278	720
Accrued expenses	2,487	1,372
Operating lease liabilities	661	629
Other	1,036	977
Total deferred tax assets	79,112	68,398
Deferred tax liabilities:
Net unrealized losses on equity method investments	11,417	14,703
Unguaranteed loan discount	12,612	13,076
Premises and equipment	39,847	45,291
Deferred loan fees and costs, net	0	1,417
Net unrealized gains on equity securities	4,386	891
Net unrealized gains on securities available for sale	6,792	3,702
Operating lease right-of-use assets	605	584
Other	843	482
Total deferred tax liabilities	76,502	80,146
Net deferred tax asset (liability)	$ 2,610
Net deferred tax asset (liability)		$ (11,748)

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	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 750,098	$ 540,045
Loans held for sale	36,111	16,198
Loans Accounted for Under the Fair Value Option	815,374	824,520
Servicing assets	33,918	35,365	$ 47,641
US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	15,919	22,779
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	730,454	503,297
US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale		5,015
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	36,111	16,198
Loans Accounted for Under the Fair Value Option	815,374	824,520
Servicing assets	33,918	35,365
Equity warrant assets	908	570
Total assets at fair value	1,638,760	1,418,904
Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,725	8,954
Recurring | US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	15,919	22,779
Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	730,454	503,297
Recurring | Mutual Fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	2,351	2,206
Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale		5,015
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Loans Accounted for Under the Fair Value Option	0	0
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 1 | US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Recurring | Level 1 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Recurring | Level 1 | Mutual Fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	0	0
Recurring | Level 1 | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale		0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Loans Accounted for Under the Fair Value Option	0	0
Servicing assets	0	0
Equity warrant assets	0	0
Total assets at fair value	752,353	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	3,629	8,862
Recurring | Level 2 | US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	15,919	22,779
Recurring | Level 2 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	730,454	503,297
Recurring | Level 2 | Mutual Fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	2,351	2,206
Recurring | Level 2 | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale		5,015
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	36,111	16,198
Loans Accounted for Under the Fair Value Option	815,374	824,520
Servicing assets	33,918	35,365
Equity warrant assets	908	570
Total assets at fair value	886,407	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	96	92
Total assets at fair value	96	92
Recurring | Level 3 | US government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Recurring | Level 3 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Recurring | Level 3 | Mutual Fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual fund	$ 0	0
Recurring | Level 3 | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale		$ 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	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of investment securities		$ 36,200
Gain (loss) on derivative, net	$ 2,600	3,000	$ 68
Equity Warrant Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on derivative, net	203	97
Equity warrant assets, fair value	168	53
Settlement amount	33	0
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)	$ 4	$ (8)

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair value option that were 90 days or more past due and still accruing	$ 0	$ 0
Unpaid principal balance of unguaranteed exposure for nonaccruals	6,900,000	10,700,000
Loss related to borrower specific credit risk	$ 5,600,000	$ 6,300,000

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	Dec. 31, 2020	Dec. 31, 2019
Fair Value Option Quantitative Disclosures [Line Items]
Total Loans, Fair Value Carrying amount	$ 851,485	$ 840,718
Total Loans, Unpaid Principal Balance	883,217	859,686
Total Loans, Difference	(31,732)	(18,968)
Nonaccruals, Fair Value Carrying amount	35,499	49,739
Nonaccruals, Unpaid Principal Balance	39,318	54,370
Nonaccruals, Difference	(3,819)	(4,631)
90 Days or More Past Due, Fair Value Carrying Amount	25,532	26,644
90 Days or More Past Due, Unpaid Principal Balance	28,741	28,137
90 Days or More Past Due, Difference	(3,209)	(1,493)
Loans held for sale
Fair Value Option Quantitative Disclosures [Line Items]
Total Loans, Fair Value Carrying amount	36,111	16,198
Total Loans, Unpaid Principal Balance	38,135	17,230
Total Loans, Difference	(2,024)	(1,032)
Loans held for investment
Fair Value Option Quantitative Disclosures [Line Items]
Total Loans, Fair Value Carrying amount	815,374	824,520
Total Loans, Unpaid Principal Balance	845,082	842,456
Total Loans, Difference	(29,708)	(17,936)
Nonaccruals, Fair Value Carrying amount	35,499	49,739
Nonaccruals, Unpaid Principal Balance	39,318	54,370
Nonaccruals, Difference	(3,819)	(4,631)
90 Days or More Past Due, Fair Value Carrying Amount	25,532	26,644
90 Days or More Past Due, Unpaid Principal Balance	28,741	28,137
90 Days or More Past Due, Difference	$ (3,209)	$ (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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value Option Quantitative Disclosures [Line Items]
Gains (Losses) on Loans Accounted for under the Fair Value Option	$ 1,432	$ (13,083)	$ 7,408	$ (5,041)
Loans held for sale
Fair Value Option Quantitative Disclosures [Line Items]
Gains (Losses) on Loans Accounted for under the Fair Value Option		232	470
Loans held for investment
Fair Value Option Quantitative Disclosures [Line Items]
Gains (Losses) on Loans Accounted for under the Fair Value Option		$ (13,315)	$ 6,938

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	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loans held for sale
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	$ 16,198	$ 17,745
Issuances	35,275	30,730
Fair value changes	232	470
Sales	(6,082)	(32,452)
Settlements	(9,512)	(295)
Balance at end of period	36,111	16,198
Loans held for investment
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	824,520	885,527
Issuances	173,280	139,004
Fair value changes	(13,315)	6,938
Settlements	(169,111)	(206,949)
Balance at end of period	$ 815,374	$ 824,520

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	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	$ 4,159	$ 1,245
Foreclosed assets	4,155	5,612
Long-lived asset held for sale	8,874
Equity security investments with a non-readily determinable fair value	25,367	8,738
Total assets at fair value	42,555	15,595
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived asset held for sale	8,874
Equity security investments with a non-readily determinable fair value		8,738
Total assets at fair value	8,874	8,738
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity security investments with a non-readily determinable fair value	25,367
Total assets at fair value	25,367
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	4,159	1,245
Foreclosed assets	4,155	5,612
Total assets at fair value	$ 8,314	$ 6,857

Fair Value of Financial Inst_10

Fair Value of Financial Instruments - Analysis of Level 3 Valuation Techniques (Details) $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 1,638,760	$ 1,418,904
Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	886,407	876,745
Non-recurring Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	42,555	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	8,314	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	$ 96	$ 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	0.043	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	$ 36,111	$ 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	0.042	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	0.185	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	0.190	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	$ 815,374	$ 824,520
Loans held for investment | Minimum | Discounted Expected Cash Flows | Prepayment speed | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.042	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	0.100	0.100
Loans held for investment | Maximum | Discounted Expected Cash Flows | Prepayment speed | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.185	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	0.732	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	0.830	0.700
Loans held for investment | Weighted Average | Discounted Expected Cash Flows | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.015	0.013
Loans held for investment | Weighted Average | Discounted appraisals | Discount rate | Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Measurement input	0.190	0.131
Equity Warrant Assets | Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Asset, fair value	$ 908	$ 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	0.20	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		0.0190
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	0.265	0.210
Equity Warrant Assets | Minimum | 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	0.0036
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	0.871	0.750
Equity Warrant Assets | Maximum | 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	0.0093
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	$ 4,159	$ 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	0.830	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	$ 4,155	$ 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	0.100	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	0.200	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	Dec. 31, 2020	Dec. 31, 2019
Financial assets
Cash and due from banks	$ 297,167	$ 124,610
Federal funds sold	21,153	96,787
Certificates of deposit with other banks	6,500	7,250
Loans held for sale	36,111	16,198
Loans and leases held for investment, net of allowance for credit losses on loans and leases	815,374	824,520
Carrying Amount
Financial assets
Cash and due from banks	297,167	124,610
Federal funds sold	21,153	96,787
Certificates of deposit with other banks	6,500	7,250
Loans held for sale	1,139,359	950,249
Loans and leases held for investment, net of allowance for credit losses on loans and leases	4,277,402	1,774,532
Financial liabilities
Deposits	5,712,828	4,226,980
Borrowings	1,542,093	14
Estimate of Fair Value Measurement
Financial assets
Cash and due from banks	297,167	124,610
Federal funds sold	21,153	96,787
Certificates of deposit with other banks	6,906	7,568
Loans held for sale	1,235,122	1,004,135
Loans and leases held for investment, net of allowance for credit losses on loans and leases	4,366,642	1,822,569
Financial liabilities
Deposits	5,711,781	4,211,522
Borrowings	1,542,171	14
Level 1 | Estimate of Fair Value Measurement
Financial assets
Cash and due from banks	297,167	124,610
Federal funds sold	21,153	96,787
Certificates of deposit with other banks	6,906	7,568
Level 2 | Estimate of Fair Value Measurement
Financial liabilities
Deposits	5,711,781	4,211,522
Level 3 | Estimate of Fair Value Measurement
Financial assets
Loans held for sale	1,235,122	1,004,135
Loans and leases held for investment, net of allowance for credit losses on loans and leases	4,366,642	1,822,569
Financial liabilities
Borrowings	$ 1,542,171	$ 14

Commitments and Contingencies -

Commitments and Contingencies - Summary of Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Total unfunded off-balance sheet credit risk	$ 2,077,823	$ 1,859,981
Commitments to Extend Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Total unfunded off-balance sheet credit risk	2,054,910	1,834,449
Standby Letters of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Total unfunded off-balance sheet credit risk	$ 22,913	$ 25,532

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)Customer	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
Commitment letters expiration period (in days)	90 days
Commitments for on-balance sheet instruments	$ 15.8	$ 16.9
Maximum retained credit exposure	7.5
Future minimum lease payments receivable under non-cancelable operating leases	$ 76.1
Twenty-Four Relationships
Concentration Risk [Line Items]
Number of relationships that have retained unguaranteed exposure | Customer	51
Retained credit exposure	$ 676.2
Retained exposure, amount disbursed	387.4
Four Relationships
Concentration Risk [Line Items]
Future minimum lease payments receivable under non-cancelable operating leases	$ 54.8

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Details) $ / shares in Units, $ in Thousands	Jan. 13, 2021shares	Feb. 11, 2019$ / sharesshares	Aug. 10, 2018shares	May 14, 2018$ / shares	May 24, 2016shares	Dec. 31, 2020USD ($)simulation$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2010shares	May 15, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized | $						$ 3,900	$ 3,000	$ 2,700
Intrinsic value of options exercised | $						$ 15,900	$ 785	$ 3,500
Shares, granted (in shares) | shares						0	0	0
Employees | Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense | $						$ 13,900	$ 7,200	$ 632
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $						1,500	$ 1,600	$ 1,700
Unrecognized compensation costs, stock options | $						$ 2,400
Unrecognized compensation costs period recognized						1 year 7 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, vested | shares	200,000
Market Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs period recognized						2 years 9 months 10 days
Granted (in shares) | shares		500,000				0	500,000	485,000
Shares granted, weighted average grand date fair value (in dollars per share) | $ / shares							$ 8.81
Number of days share price must be maintained						20 days
Units earned as a percent of units awarded						100.00%
Number of simulations used | simulation | simulation						100,000
Measurement period		10 years
Risk free interest rate		2.62%
Expected volatility rate		37.60%
Expected dividend rate		0.78%
Additional compensation expense | $							$ 543
Compensation expense | $						$ 9,700	7,900	$ 4,900
Number of shares, vested | shares						2,513,233
Performance stock price condition met, price one | $ / shares						$ 34
Performance stock price condition met, price two | $ / shares						35
Performance stock price condition met, price three | $ / shares						38
Performance stock price condition met, price four | $ / shares						$ 40
Compensation remaining expense fully recognized | $						$ 2,400
Unrecognized compensation costs | $						4,500
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $						3,500	$ 2,200	$ 2,600
Unrecognized compensation costs, stock options | $						$ 14,100
Unrecognized compensation costs period recognized						4 years 1 month 24 days
Granted (in shares) | shares						586,132
Shares granted, weighted average grand date fair value (in dollars per share) | $ / shares						$ 17.78
Number of shares, vested | shares						89,426
Market RSU Granted on May 14, 2018 | One Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		10 years		7 years
Granted (in shares) | shares		75,000
Share price threshold for performance criteria (in dollars per share) | $ / shares				$ 48
Number of days share price must be maintained		20 days
Market RSU Granted on August 10, 2018 | Eleven Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		10 years	7 years
Shares, granted (in shares) | shares			410,000
Minimum | Market Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price threshold for performance criteria (in dollars per share) | $ / shares						$ 45
Expected term		4 years 6 months
Minimum | Market RSU Granted on May 14, 2018 | One Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price threshold for performance criteria (in dollars per share) | $ / shares		$ 35
Maximum | Market Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price threshold for performance criteria (in dollars per share) | $ / shares						$ 55
Expected term		5 years 9 months 18 days
Maximum | Market RSU Granted on May 14, 2018 | One Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price threshold for performance criteria (in dollars per share) | $ / shares		$ 48
2015 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common voting shares authorized (in shares) | 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 | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common voting shares authorized (in shares) | shares										8,750,000
2015 Omnibus Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares						586,132	164,828	840,150
Shares granted, weighted average grand date fair value (in dollars per share) | $ / shares						$ 17.78	$ 17	$ 19.72
2015 Omnibus Plan | Market Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares							500,000	485,000
Shares granted, weighted average grand date fair value (in dollars per share) | $ / shares							$ 8.81	$ 7.93
2015 Omnibus Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Restricted Stock Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period									7 years
Shares available for issuance to eligible employees (in shares) | shares									1,350,000
A2015 Omnibus Plan Amendedand Restated | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares							164,828	355,150
Shares granted, weighted average grand date fair value (in dollars per share) | $ / shares							$ 17	$ 25.17
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum annual purchase per employee | $						$ 25
Purchase date discount						15.00%
Share-based compensation expense | $						$ 92	$ 77	$ 60

Benefit Plans - Stock Option Ac

Benefit Plans - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Shares, outstanding, beginning balance (in shares) | shares	2,515,727
Shares, exercised (in shares) | shares	(563,072)
Shares, forfeited (in shares) | shares	(74,893)
Shares, outstanding, ending balance (in shares) | shares	1,877,762
Shares, exercisable (in shares) | shares	855,126
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, outstanding, beginning balance (in dollars per share) | $ / shares	$ 11.42
Weighted average exercise price, exercised (in dollars per share) | $ / shares	10.23
Weighted average exercise price, forfeited (in dollars per share) | $ / shares	11.55
Weighted average exercise price, outstanding, ending balance (in dollars per share) | $ / shares	11.78
Weighted average exercise price, exercisable (in dollars per share) | $ / shares	$ 10.53
Weighted average remaining contractual term, outstanding	4 years 29 days
Weighted average remaining contractual term, exercisable	3 years 10 months 9 days
Aggregate intrinsic value, outstanding | $	$ 67,006,886
Aggregate intrinsic value, exercisable | $	$ 31,579,415

Benefit Plans - Summary of Non-

Benefit Plans - Summary of Non-vested Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Shares, non-vested, beginning balance (in shares)	1,485,396	1,839,830	2,364,999
Shares, vested (in shares)	(387,867)	(288,394)	(308,373)
Shares, forfeited (in shares)	(74,893)	(66,040)	(216,796)
Shares, non-vested, ending balance (in shares)	1,022,636	1,485,396	1,839,830
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant date fair value, non-vested, beginning balance (in dollars per share)	$ 4.73	$ 4.60	$ 4.65
Weighted average grant date fair value, vested (in dollars per share)	3.05	4.20	7.51
Weighted average grant date fair value, forfeited (in dollars per share)	4.52	3.50	5.90
Weighted average grant date fair value, non-vested, ending balance (in dollars per share)	$ 5.38	$ 4.73	$ 4.60

Benefit Plans - Restricted Stoc

Benefit Plans - Restricted Stock Unit Activity (Details) - $ / shares	Feb. 11, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restricted Stock Units (RSUs)
Shares
Shares, non-vested, beginning balance (in shares)		457,401
Granted (in shares)		586,132
Shares, vested (in shares)		(89,426)
Shares, forfeited (in shares)		(64,268)
Shares, non-vested, ending balance (in shares)		889,839	457,401
Weighted Average Grant Date Fair Value
Shares, non-vested, weighted average grant date fair value (in dollars per share)		$ 21.54
Shares granted, weighted average grand date fair value (in dollars per share)		17.78
Shares vested, weighted average grant date fair value (in dollars per share)		20.61
Shares forfeited, weighted average grant date fair value (in dollars per share)		24.55
Shares, non-vested, weighted average grant date fair value (in dollars per share)		$ 18.94	$ 21.54
Market Restricted Stock
Shares
Shares, non-vested, beginning balance (in shares)		3,154,324
Granted (in shares)	500,000	0	500,000	485,000
Shares, vested (in shares)		(2,513,233)
Shares, forfeited (in shares)		(57,591)
Shares, non-vested, ending balance (in shares)		583,500	3,154,324
Weighted Average Grant Date Fair Value
Shares, non-vested, weighted average grant date fair value (in dollars per share)		$ 8.44
Shares granted, weighted average grand date fair value (in dollars per share)			$ 8.81
Shares vested, weighted average grant date fair value (in dollars per share)		8.62
Shares forfeited, weighted average grant date fair value (in dollars per share)		9.25
Shares, non-vested, weighted average grant date fair value (in dollars per share)		$ 8.38	$ 8.44

Regulatory Matters - Narrative

Regulatory Matters - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum common equity tier 1 ratio	4.50%
Minimum common equity, capital conservation buffer	2.50
Minimum common equity tier 1 ratio including conservation buffer	7.00%
Minimum tier 1 risk-based capital ratio	6
Minimum tier 1 risk-based capital ratio including conservation buffer	8
Minimum total risk-based capital ratio	8
Minimum total risk-based capital ratio including conservation buffer	10.5
Minimum leverage tier 1 capital ratio	4
Retained earnings	$ 235,724		$ 180,265
Accounting Standards Update 2016-13 | Restatement Adjustment
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Retained earnings		$ 822

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Common Equity Tier 1 to Risk-Weighted Assets [Abstract]
Common equity tier 1 capital ratio, minimum capital requirement	4.50%
Capital [Abstract]
Total capital to risk-weighted assets ratio, minimum capital requirement	8
Tier One Risk Based Capital [Abstract]
Tier 1 capital to risk-weighted assets ratio, minimum capital requirement	6
Tier One Leverage Capital [Abstract]
Tier 1 capital to average assets ratio, minimum capital requirement	4
Live Oak Bancshares, Inc.
Common Equity Tier 1 to Risk-Weighted Assets [Abstract]
Common equity tier 1 capital	$ 521,568	$ 499,513
Common equity tier 1 capital ratio	12.15	14.90
Common equity tier 1 capital, minimum capital requirement	$ 193,172	$ 150,927
Common equity tier 1 capital ratio, minimum capital requirement	4.50%	4.50%
Capital [Abstract]
Total capital to risk-weighted assets	$ 574,621	$ 527,747
Total capital risk to weighted--assets, actual	13.39	15.74
Total capital to risk-weighted assets, minimum capital requirement	$ 343,417	$ 268,315
Total capital to risk-weighted assets ratio, minimum capital requirement	8	8
Tier One Risk Based Capital [Abstract]
Tier 1 capital to risk-weighted assets, actual	$ 521,568	$ 499,513
Tier 1 to risk-weighted assets, actual	12.15	14.90
Tier 1 capital to risk-weighted assets, minimum capital requirement	$ 257,563	$ 201,236
Tier 1 capital to risk-weighted assets ratio, minimum capital requirement	6	6
Tier One Leverage Capital [Abstract]
Tier 1 capital to average assets, actual	$ 521,568	$ 499,513
Tier 1 to average assets, actual	8.40	10.65
Tier 1 capital to average assets, minimum capital requirement	$ 248,417	$ 187,582
Tier 1 capital to average assets ratio, minimum capital requirement	4	4
Subsidiaries
Common Equity Tier 1 to Risk-Weighted Assets [Abstract]
Common equity tier 1 capital	$ 470,069	$ 451,807
Common equity tier 1 capital ratio	11.25	13.66
Common equity tier 1 capital, minimum capital requirement	$ 188,012	$ 148,950
Common equity tier 1 capital ratio, minimum capital requirement	4.50%	4.50%
Common equity tier 1 capital, minimum to be well capitalized under prompt corrective action	$ 271,573	$ 215,150
Common equity tier 1 ratio, minimum to be well capitalized under prompt corrective action provisions	6.50%	6.50%
Capital [Abstract]
Total capital to risk-weighted assets	$ 522,305	$ 480,040
Total capital risk to weighted--assets, actual	12.50	14.51
Total capital to risk-weighted assets, minimum capital requirement	$ 334,243	$ 264,800
Total capital to risk-weighted assets ratio, minimum capital requirement	8	8
Total capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action provisions	$ 417,804	$ 331,000
Total capital to risk-weighted assets ratio, minimum to be well capitalized under prompt corrective action provisions	10	10
Tier One Risk Based Capital [Abstract]
Tier 1 capital to risk-weighted assets, actual	$ 470,069	$ 451,807
Tier 1 to risk-weighted assets, actual	11.25	13.66
Tier 1 capital to risk-weighted assets, minimum capital requirement	$ 250,683	$ 198,600
Tier 1 capital to risk-weighted assets ratio, minimum capital requirement	6	6
Tier 1 capital to risk-weighted assets, minimum to be well capitalized under prompt corrective action provisions	$ 334,243	$ 264,800
Tier 1 to risk-weighted assets ratio, minimum to be well capitalized under prompt corrective action provisions	8	8
Tier One Leverage Capital [Abstract]
Tier 1 capital to average assets, actual	$ 470,069	$ 451,807
Tier 1 to average assets, actual	7.60	9.68
Tier 1 capital to average assets, minimum capital requirement	$ 247,288	$ 186,627
Tier 1 capital to average assets ratio, minimum capital requirement	4	4
Tier 1 capital to average assets, minimum to be well capitalized under prompt corrective action provisions	$ 309,110	$ 233,283
Tier 1 to average assets ratio, minimum to be well capitalized under prompt corrective action provisions	5	5

Transactions with Related Par_2

Transactions with Related Parties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Related party loans	$ 2,100,000	$ 0
Deposits from related parties	40,600,000	46,900,000
Equity method investments	77,928,000	86,152,000
DefenseStorm, Inc.
Related Party Transaction [Line Items]
Other investments	$ 2,900,000	2,100,000
Payments to acquired interest in subsidiaries and affiliates		156,000
Percentage of cost method investment	5.00%
Payments incurred for related parties transactions	$ 550,000	0	$ 71,000
DefenseStorm, Inc. | Entity Voting Common Stock
Related Party Transaction [Line Items]
Percentage of cost method investment	2.60%
Finxact LLC
Related Party Transaction [Line Items]
Payments incurred for related parties transactions	$ 1,100,000	24,000	0
Equity method investment ownership percentage	16.10%
Equity method investments	$ 1,400,000	4,500,000
Finxact LLC | Entity Voting Common Stock
Related Party Transaction [Line Items]
Equity method investment ownership percentage	5.00%
Payrailz, LLC
Related Party Transaction [Line Items]
Payments incurred for related parties transactions	$ 0	250,000	4,000
Equity method investment ownership percentage	14.00%
Apiture
Related Party Transaction [Line Items]
Equity method investments	$ 53,300,000	64,700,000
Apiture | Professional Services
Related Party Transaction [Line Items]
Payments incurred for related parties transactions	377,000	524,000	5,500,000
Apiture | Shared Services and Rent
Related Party Transaction [Line Items]
Related party income recognized	$ 782,000	$ 446,000	$ 255,000
Canapi Ventures Fund, LP
Related Party Transaction [Line Items]
Equity method investment ownership percentage	1.50%	3.30%
Equity method investments	$ 1,686,000	$ 1,689,000
Equity method investments, committed amount of early growth stage investment.		1,800,000
Equity method investments, committed amount of invested	$ 507,000	$ 257,000
Canapi Ventures SBIC Fund, LP
Related Party Transaction [Line Items]
Equity method investment ownership percentage	3.10%	3.10%
Equity method investments	$ 14,843,000	$ 15,227,000
Equity method investments, committed amount of early growth stage investment.		15,200,000
Equity method investments, committed amount of invested	$ 3,400,000	461,000,000
Kwipped, Inc
Related Party Transaction [Line Items]
Payments to acquire other investments		300,000
Equity method investment ownership percentage	3.60%
Equity method investments	$ 280,000	300,000
Cape Fear Collective Impact Opportunity 1, LLC
Related Party Transaction [Line Items]
Equity method investment ownership percentage	98.00%
Equity method investments	$ 2,500,000
Payments to acquire equity method investments	$ 2,500,000
Green Sun Tenant LLC
Related Party Transaction [Line Items]
Equity method investment ownership percentage	99.00%
Equity method investments	$ 3,900,000
Equity method investments, committed amount of early growth stage investment.	3,900,000
Equity method investments, committed amount of invested	980,000
Director | Plexus Fund II, III and IV-C, L.P.
Related Party Transaction [Line Items]
Payments to acquire other investments		1,100,000
Other investments	$ 2,800,000	$ 2,800,000
Directors and Officers | DefenseStorm, Inc.
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	4.70%
Directors and Officers | DefenseStorm, Inc. | Entity Voting Common Stock
Related Party Transaction [Line Items]
Percentage of cost method investment	0.80%
Directors and Officers | Finxact LLC
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	6.40%
Directors and Officers | Payrailz, LLC
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	3.70%

Significant Equity Method Inv_3

Significant Equity Method Investments - Summary of Balance Sheet Information of Combined Equity Method Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Equity Method Investments [Line Items]
Total assets	$ 7,872,303	$ 4,812,828	$ 3,672,937
Total liabilities	7,304,453	4,280,442
Total liabilities and shareholders’ equity	7,872,303	4,812,828
Equity Method Investment Nonconsolidated Investee Or Group of Investees
Schedule Of Equity Method Investments [Line Items]
Current assets	67,843	56,710
Noncurrent assets	285,018	162,304
Total assets	352,861	219,014
Current liabilities	64,019	19,910
Noncurrent liabilities	17,151	683
Total liabilities	81,170	20,593
Equity interests	271,691	198,421
Total liabilities and shareholders’ equity	$ 352,861	$ 219,014

Significant Equity Method Inv_4

Significant Equity Method Investments - Summary of Income Statement Information of Combined Equity Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Equity Method Investments [Line Items]
Net loss	$ 59,543	$ 18,034	$ 51,448
Equity Method Investment Nonconsolidated Investee Or Group of Investees
Schedule Of Equity Method Investments [Line Items]
Total revenues	68,038	56,928	54,418
Net loss	$ (68,406)	$ (30,367)	$ (8,251)

Segments - Narrative (Details)

Segments - Narrative (Details)	12 Months Ended
	Dec. 31, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segments - Schedule of Segment

Segments - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Interest income		$ 288,408	$ 227,980	$ 162,643
Interest expense		93,685	87,898	54,600
Net interest income		194,723	140,082	108,043
Provision for loan and lease credit losses	$ 4,809	40,658	15,212	5,558
Noninterest income	20,125	86,000	63,519	96,265
Noninterest expense		192,676	164,924	152,704
Income tax (benefit) expense		(12,154)	5,431	(5,402)
Net income	6,832	59,543	18,034	51,448
Total assets	4,812,828	7,872,303	4,812,828	3,672,937
Operating Segments | Banking
Segment Reporting Information [Line Items]
Interest income		288,305	227,776	163,174
Interest expense		93,313	88,052	55,245
Net interest income		194,992	139,724	107,929
Provision for loan and lease credit losses		40,658	15,067	5,451
Noninterest income		77,512	64,034	91,681
Noninterest expense		181,555	152,227	130,589
Income tax (benefit) expense		(7,171)	6,803	(1,744)
Net income		57,462	29,661	65,314
Total assets	4,724,537	7,767,013	4,724,537	3,588,667
Operating Segments | Fintech
Segment Reporting Information [Line Items]
Interest income			30
Net interest income			30
Noninterest income		6,567	(2,436)	(386)
Noninterest expense		5,510	7,078	619
Income tax (benefit) expense		2,989	(1,218)
Net income		(1,932)	(8,266)	(1,005)
Total assets	82,355	83,946	82,355	87,554
Other
Segment Reporting Information [Line Items]
Interest income		103	174	(531)
Interest expense		372	(154)	(645)
Net interest income		(269)	328	114
Provision for loan and lease credit losses			145	107
Noninterest income		1,921	1,921	4,970
Noninterest expense		5,611	5,619	21,496
Income tax (benefit) expense		(7,972)	(154)	(3,658)
Net income		4,013	(3,361)	(12,861)
Total assets	$ 5,936	$ 21,344	$ 5,936	$ (3,284)

Parent Company Only Financial_3

Parent Company Only Financial Statements - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets
Other assets	$ 231,799	$ 158,561
Total assets	7,872,303	4,812,828	$ 3,672,937
Liabilities and Shareholders’ Equity
Borrowings	1,542,093	14
Other liabilities	49,532	53,448
Total liabilities	7,304,453	4,280,442
Shareholders' equity:
Retained earnings	235,724	180,265
Accumulated other comprehensive income (loss)	21,507	11,724
Total shareholders’ equity	567,850	532,386	$ 493,560	$ 436,933
Total liabilities and shareholders’ equity	7,872,303	4,812,828
Live Oak Bancshares, Inc.
Assets
Cash and cash equivalents	11,209	13,585
Investment in subsidiaries	543,740	499,335
Other assets	30,816	21,182
Total assets	585,765	534,102
Liabilities and Shareholders’ Equity
Borrowings	14,488
Other liabilities	3,427	1,716
Total liabilities	17,915	1,716
Shareholders' equity:
Common stock	310,619	340,397
Retained earnings	235,724	180,265
Accumulated other comprehensive income (loss)	21,507	11,724
Total shareholders’ equity	567,850	532,386
Total liabilities and shareholders’ equity	$ 585,765	$ 534,102

Parent Company Only Financial_4

Parent Company Only Financial Statements - Income Statement (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Income Statements, Captions [Line Items]
Interest income		$ 288,408,000	$ 227,980,000	$ 162,643,000
Interest expense		93,685,000	87,898,000	54,600,000
Net interest income		194,723,000	140,082,000	108,043,000
Other noninterest income		14,010,000	7,996,000	7,671,000
Total noninterest income	$ 20,125,000	86,000,000	63,519,000	96,265,000
Noninterest expense
Salaries and employee benefits		112,525,000	90,634,000	77,411,000
Professional services expense		6,359,000	6,859,000	4,878,000
Renewable energy tax credit investment impairment		0	602,000	0
Impairment expense on goodwill and other intangibles, net		0	0	2,680,000
Other expense		9,864,000	7,545,000	9,652,000
Total noninterest expense		192,676,000	164,924,000	152,704,000
Income before taxes		47,389,000	23,465,000	46,046,000
Income tax benefit		(12,154,000)	5,431,000	(5,402,000)
Net income	$ 6,832,000	59,543,000	18,034,000	51,448,000
Live Oak Bancshares, Inc.
Condensed Income Statements, Captions [Line Items]
Interest income		91,000	236,000	46,000
Interest expense		372,000		129,000
Net interest income		(281,000)	236,000	(83,000)
Other noninterest income		252,000	140,000	562,000
Total noninterest income		252,000	140,000	562,000
Noninterest expense
Salaries and employee benefits		17,250,000	12,408,000	10,117,000
Professional services expense		750,000	825,000	853,000
Renewable energy tax credit investment impairment			602,000
Impairment expense on goodwill and other intangibles, net				2,680,000
Other expense		1,167,000	999,000	1,844,000
Total noninterest expense		19,167,000	14,834,000	15,494,000
Income before taxes		(19,196,000)	(14,458,000)	(15,015,000)
Income tax benefit		(7,785,000)	(27,000)	(3,658,000)
Net loss		(11,411,000)	(14,431,000)	(11,357,000)
Equity in undistributed income of subsidiaries in excess of dividends from subsidiaries		70,954,000	32,465,000	62,805,000
Net income		$ 59,543,000	$ 18,034,000	$ 51,448,000

Parent Company Only Financial_5

Parent Company Only Financial Statements - Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income	$ 59,543,000	$ 18,034,000	$ 51,448,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	21,600,000	19,300,000	16,000,000
Impairment expense on goodwill and other intangibles, net	0	0	2,680,000
Deferred income tax	(17,447,000)	1,467,000	(5,936,000)
Renewable energy tax credit investment impairment	0	602,000	0
Stock option based compensation expense	1,594,000	1,723,000	1,713,000
Restricted stock expense	13,146,000	10,025,000	7,463,000
Business combination contingent consideration fair value adjustment	163,000		(260,000)
Net cash (used) provided by operating activities	(272,989,000)	(496,424,000)	6,294,000
Cash flows from investing activities
Business combination, net of cash acquired	(895,000)
Purchases of premises and equipment, net	(20,989,000)	(37,197,000)	(111,322,000)
Net cash used by investing activities	(2,607,469,000)	(670,665,000)	(845,358,000)
Cash flows from financing activities
Proceeds from borrowings	1,828,033,000		18,000
Repayments of borrowings	(285,954,000)	(1,443,000)	(25,125,000)
Stock option exercises	3,069,000	508,000	1,626,000
Employee stock purchase program	520,000	437,000	342,000
Tax withholding related to vesting of restricted stock and other	(49,229,000)	(409,000)	(756,000)
Shareholder dividend distributions	(4,906,000)	(4,827,000)	(4,809,000)
Net cash provided by financing activities	2,977,381,000	1,069,175,000	863,104,000
Net increase (decrease) in cash and cash equivalents	96,923,000	(97,914,000)	24,040,000
Cash and cash equivalents, beginning	221,397,000	319,311,000	295,271,000
Cash and cash equivalents, ending	318,320,000	221,397,000	319,311,000
Live Oak Bancshares, Inc.
Cash flows from operating activities
Net income	59,543,000	18,034,000	51,448,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed net income of subsidiaries in excess of dividends of subsidiaries	(70,954,000)	(32,465,000)	(62,805,000)
Equity used in subsidiary tax withholding related to vesting of restricted stock and other	43,507,000
Depreciation			199,000
Impairment expense on goodwill and other intangibles, net			2,680,000
Deferred income tax	1,163,000	(790,000)	(6,633,000)
Renewable energy tax credit investment impairment		602,000
Stock option based compensation expense	1,594,000	1,723,000	1,713,000
Restricted stock expense	13,146,000	10,025,000	7,463,000
Business combination contingent consideration fair value adjustment	163,000		(260,000)
Net change in other assets	(6,706,000)	7,100,000	4,396,000
Net change in other liabilities	(525,000)	1,417,000	142,000
Net cash (used) provided by operating activities	40,931,000	5,646,000	(1,657,000)
Cash flows from investing activities
Capital investment in subsidiaries	(6,354,000)	(1,109,000)	(9,325,000)
Business combination, net of cash acquired	(895,000)
Purchases of premises and equipment, net			(20,000)
Net cash used by investing activities	(7,249,000)	(1,109,000)	(9,345,000)
Cash flows from financing activities
Proceeds from borrowings	70,000,000
Repayments of borrowings	(55,512,000)	(1,441,000)	(25,123,000)
Stock option exercises	3,069,000	508,000	1,626,000
Employee stock purchase program	520,000	437,000	342,000
Tax withholding related to vesting of restricted stock and other	(49,229,000)	(409,000)	(756,000)
Shareholder dividend distributions	(4,906,000)	(4,827,000)	(4,809,000)
Net cash provided by financing activities	(36,058,000)	(5,732,000)	(28,720,000)
Net increase (decrease) in cash and cash equivalents	(2,376,000)	(1,195,000)	(39,722,000)
Cash and cash equivalents, beginning	13,585,000	14,780,000	54,502,000
Cash and cash equivalents, ending	$ 11,209,000	$ 13,585,000	$ 14,780,000