Hanmi Financial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Loans (Tables)

Loans (Tables)

6 Months Ended

Jun. 30, 2021

Loans consisted of the following as of the dates indicated:

	June 30, 2021			December 31, 2020
	(in thousands)
Real estate loans:
Commercial property
Retail	$	828,157		$	824,606
Hospitality		795,651			859,953
Other ⁽¹⁾		1,766,592			1,610,377
Total commercial property loans		3,390,400			3,294,936
Construction		61,614			58,882
Residential/consumer loans		348,730			345,831
Total real estate loans		3,800,744			3,699,649
Commercial and industrial loans		587,729			757,255
Leases receivable		431,619			423,264
Loans receivable		4,820,092			4,880,168
Allowance for credit losses		(83,372	)		(90,426	)
Loans receivable, net	$	4,736,720		$	4,789,742

⁽¹⁾	Includes, among other types, mixed-use, apartment, office, industrial, gas stations, faith-based facilities and warehouse; all other property types represent less than one percent of total loans receivable.

Activity for Loans Held for Sale

The following is the activity for loans held for sale for the three months ended June 30, 2021 and 2020:

	Real Estate			Commercial and Industrial			Total
	(in thousands)
June 30, 2021
Balance at beginning of period	$	10,930		$	21,744		$	32,674
Originations and transfers		26,185			12,938			39,123
Sales		(24,022	)		(11,738	)		(35,760	)
Principal paydowns and amortization		(1	)		(6	)		(7	)
Balance at end of period	$	13,092		$	22,938		$	36,030

June 30, 2020
Balance at beginning of period	$	—		$	—		$	—
Originations		12,661			5,281			17,942
Sales		—			—			—
Principal paydowns and amortization		—			—			—
Balance at end of period	$	12,661		$	5,281		$	17,942

The following is the activity for loans held for sale for the six months ended June 30, 2021 and 2020:

	Real Estate			Commercial and Industrial			Total
	(in thousands)
June 30, 2021
Balance at beginning of period	$	8,042		$	526		$	8,568
Originations and transfers		42,468			38,834			81,302
Sales		(37,417	)		(16,416	)		(53,833	)
Principal payoffs and amortization		(1	)		(6	)		(7	)
Balance at end of period	$	13,092		$	22,938		$	36,030

June 30, 2020
Balance at beginning of period	$	2,943		$	3,077		$	6,020
Originations		19,155			10,984			30,139
Sales		(9,432	)		(8,780	)		(18,212	)
Principal payoffs and amortization		(5	)		—			(5	)
Balance at end of period	$	12,661		$	5,281		$	17,942

Allowance for Credit Losses by Portfolio Segment

The following table details the information on the allowance for credit losses by portfolio segment as of and for the three months ended June 30, 2021 and 2020:

	Real Estate			Commercial and Industrial			Leases Receivable			Total
	(in thousands)
June 30, 2021
Balance at beginning of period	$	57,762		$	16,387		$	14,243		$	88,392
Less loans charged off		—			271			1,200			1,471
Recoveries on loans receivable previously charged off		(180	)		(174	)		(209	)		(563	)
Provision for credit losses		5,087			(8,231	)		(968	)		(4,112	)
Ending balance	$	63,029		$	8,059		$	12,284		$	83,372
Individually evaluated	$	270		$	1,216		$	3,209		$	4,695
Collectively evaluated	$	62,759		$	6,843		$	9,075		$	78,677

Loans receivable	$	3,800,744		$	587,729		$	431,619		$	4,820,092
Individually evaluated	$	28,832		$	1,639		$	9,112		$	39,583
Collectively evaluated	$	3,771,912		$	586,090		$	422,507		$	4,780,509

June 30, 2020
Balance at beginning of period	$	39,132		$	11,588		$	15,780		$	66,500
Less loans charged off		91			438			1,044			1,573
Recoveries on loans receivable previously charged off		(98	)		(60	)		(114	)		(272	)
Provision for credit losses		17,279			2,178			1,674			21,131
Ending balance	$	56,418		$	13,388		$	16,524		$	86,330
Individually evaluated	$	2,809		$	123		$	2,262		$	5,194
Collectively evaluated	$	53,609		$	13,265		$	14,262		$	81,136

Loans receivable	$	3,632,432		$	730,399		$	462,811		$	4,825,642
Individually evaluated	$	49,582		$	13,771		$	8,456		$	71,809
Collectively evaluated	$	3,582,850		$	716,628		$	454,355		$	4,753,833

The following table details the information on the allowance for credit losses by portfolio segment as of and for the six months ended June 30, 2021 and 2020:

	Real Estate			Commercial and Industrial			Leases Receivable			Total
	(in thousands)
June 30, 2021
Balance at beginning of period	$	51,876		$	21,410		$	17,140			90,426
Less loans charged off		1,509			365			3,102			4,976
Recoveries on loans receivable previously charged off		(453	)		(273	)		(344	)		(1,070	)
Provision for credit losses		12,209			(13,259	)		(2,098	)		(3,148	)
Ending balance	$	63,029		$	8,059		$	12,284		$	83,372
Individually evaluated	$	270		$	1,216		$	3,209		$	4,695
Collectively evaluated	$	62,759		$	6,843		$	9,075		$	78,677

Loans receivable	$	3,800,744		$	587,729		$	431,619		$	4,820,092
Individually evaluated	$	28,832		$	1,639		$	9,112		$	39,583
Collectively evaluated	$	3,771,912		$	586,090		$	422,507		$	4,780,509

June 30, 2020
Balance at beginning of period	$	36,435		$	16,206		$	8,767		$	61,408
Adjustment related to adoption of ASU 2016-13		14,028			(2,497	)		5,902			17,433
Adjusted balance as of January 1, 2020		50,463			13,709			14,669			78,841
Less loans charged off		14,233			12,589			2,224			29,046
Recoveries on loans receivable previously charged off		(156	)		(144	)		(188	)		(488	)
Provision for credit losses		20,032			12,124			3,891			36,047
Ending balance	$	56,418		$	13,388		$	16,524		$	86,330
Individually evaluated	$	2,809		$	123		$	2,262		$	5,194
Collectively evaluated	$	53,609		$	13,265		$	14,262		$	81,136

Loans receivable	$	3,632,432		$	730,399		$	462,811		$	4,825,642
Individually evaluated	$	49,582		$	13,771		$	8,456		$	71,809
Collectively evaluated	$	3,582,850		$	716,628		$	454,355		$	4,753,833

The table below illustrates the allowance for credit losses by loan portfolio segment and each loan portfolio segment as a percentage of total loans.

	June 30, 2021							December 31, 2020
	Allowance Amount		Total Loans		Percentage of Total Loans			Allowance Amount		Total Loans		Percentage of Total Loans
	(in thousands)
Real estate loans:
Commercial property
Retail	$	4,496	$	828,157		17.2	%	$	4,855	$	824,606		16.9	%
Hospitality		36,166		795,651		16.5	%		28,801		859,953		17.6	%
Other		13,129		1,766,592		36.7	%		13,991		1,610,377		33.0	%
Total commercial property loans		53,791		3,390,400		70.4	%		47,647		3,294,936		67.5	%
Construction		8,489		61,614		1.3	%		2,876		58,882		1.2	%
Residential/consumer loans		749		348,730		7.2	%		1,353		345,831		7.1	%
Total real estate loans		63,029		3,800,744		78.9	%		51,876		3,699,649		75.8	%
Commercial and industrial loans		8,059		587,729		12.2	%		21,410		757,255		15.5	%
Leases receivable		12,284		431,619		8.9	%		17,140		423,264		8.7	%
Total	$	83,372	$	4,820,092		100.0	%	$	90,426	$	4,880,168		100.0	%

Summary of Amortized Cost Basis of Collateral Dependent Loans By Class of Loans

The following table represents the amortized cost basis of collateral-dependent loans by class of loans as of June 30, 2021 and December 31, 2020, for which repayment is expected to be obtained through the sale of the underlying collateral.

	June 30, 2021		December 31, 2020
	Amortized Cost		Amortized Cost
	(in thousands)
Real estate loans:
Commercial property
Retail	$	6,135	$	6,330
Hospitality		8,641		20,612
Other ⁽¹⁾		458		8,410
Total commercial property loans		15,234		35,352
Construction		10,046		24,854
Residential/consumer loans		1,702		2,867
Total real estate loans		26,982		63,073
Commercial and industrial loans		—		41
Total	$	26,982	$	63,114

⁽¹⁾	Includes, among other types, mixed-use, apartment, office, industrial, gas stations, faith-based facilities and warehouse; all other property types represent less than one percent of total loans receivable.

Credit Quality of Loan Portfolio

	Term Loans
	Amortized Cost Basis by Origination Year ⁽¹⁾
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
	(in thousands)
June 30, 2021
Real estate loans:
Commercial property
Risk Rating
Pass / Pass-Watch	$	473,896	$	815,959	$	498,159	$	448,016	$	316,594	$	644,736	$	51,004	$	3,248,364
Special Mention		—		6,391		16,488		2,052		3,055		48,203		1,120		77,309
Classified		—		—		5,495		21,496		4,595		33,141		—		64,727
Total commercial property		473,896		822,350		520,142		471,564		324,244		726,080		52,124		3,390,400

Construction
Risk Rating
Pass / Pass Watch		9,476		29,345		—		—		—		—		—		38,821
Special Mention		—		—		—		—		—		12,747		—		12,747
Classified		—		—		—		—		—		10,046		—		10,046
Total construction		9,476		29,345		—		—		—		22,793		—		61,614

Residential/consumer loans
Risk Rating
Pass / Pass-Watch		77,142		22,757		254		28,284		104,611		101,458		7,483		341,989
Special Mention		—		—		—		930		379		2,884		—		4,193
Classified		—		—		—		—		2,229		319		—		2,548
Total residential/consumer loans		77,142		22,757		254		29,214		107,219		104,661		7,483		348,730

Total real estate loans
Risk Rating
Pass / Pass-Watch		560,514		868,061		498,413		476,300		421,205		746,194		58,487		3,629,174
Special Mention		—		6,391		16,488		2,982		3,434		63,834		1,120		94,249
Classified		—		—		5,495		21,496		6,824		43,506		—		77,321
Total real estate loans		560,514		874,452		520,396		500,778		431,463		853,534		59,607		3,800,744

Commercial and industrial loans:
Risk Rating
Pass / Pass-Watch		119,307		205,706		39,765		19,031		13,969		10,664		128,019		536,461
Special Mention		429		3,446		4,685		8,038		8,624		55		2,303		27,580
Classified		—		—		14,571		205		553		6,317		2,042		23,688
Total commercial and industrial loans		119,736		209,152		59,021		27,274		23,146		17,036		132,364		587,729

Leases receivable:
Risk Rating
Pass / Pass-Watch		103,420		97,760		132,502		67,887		19,069		1,869		—		422,507
Special Mention		—		—		—		—		—		—		—		—
Classified		—		502		5,541		2,015		636		418		—		9,112
Total leases receivable		103,420		98,262		138,043		69,902		19,705		2,287		—		431,619

Total loans receivable:
Risk Rating
Pass / Pass-Watch		783,241		1,171,527		670,680		563,218		454,243		758,727		186,506		4,588,142
Special Mention		429		9,837		21,173		11,020		12,058		63,889		3,423		121,829
Classified		—		502		25,607		23,716		8,013		50,241		2,042		110,121
Total loans receivable	$	783,670	$	1,181,866	$	717,460	$	597,954	$	474,314	$	872,857	$	191,971	$	4,820,092

	Term Loans
	Amortized Cost Basis by Origination Year ⁽¹⁾
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total

December 31, 2020
Real estate loans:
Commercial property
Risk Rating
Pass / Pass-Watch	$	920,876	$	513,962	$	479,221	$	343,659	$	418,361	$	459,367	$	31,283	$	3,166,729
Special Mention		13,680		2,484		8,630		1,671		14,971		11,907		—		53,343
Classified		—		3,528		7,303		4,712		21,351		37,840		130		74,864
Total commercial property		934,556		519,974		495,154		350,042		454,683		509,114		31,413		3,294,936

Construction
Risk Rating
Pass / Pass-Watch		33,415		613		—		—		—		—		—		34,028
Special Mention		—		—		—		—		—		—		—		—
Classified		—		—		—		—		24,854		—		—		24,854
Total construction		33,415		613		—		—		24,854		—		—		58,882

Residential/consumer loans
Risk Rating
Pass / Pass-Watch		27,997		962		37,123		127,987		82,124		54,003		7,353		337,549
Special Mention		—		—		930		829		537		2,782		—		5,078
Classified		—		—		—		2,259		301		644		—		3,204
Total residential/consumer loans		27,997		962		38,053		131,075		82,962		57,429		7,353		345,831

Total real estate loans
Risk Rating
Pass / Pass-Watch		982,288		515,537		516,344		471,646		500,485		513,370		38,636		3,538,306
Special Mention		13,680		2,484		9,560		2,500		15,508		14,689		—		58,421
Classified		—		3,528		7,303		6,971		46,506		38,484		130		102,922
Total real estate loans		995,968		521,549		533,207		481,117		562,499		566,543		38,766		3,699,649

Commercial and industrial loans:
Risk Rating
Pass / Pass-Watch		406,486		73,159		54,110		17,834		4,464		9,910		146,722		712,685
Special Mention		6,950		4,509		4,436		1,110		31		1,074		447		18,557
Classified		—		890		5,115		9,465		4,380		1,519		4,644		26,013
Total commercial and industrial loans		413,436		78,558		63,661		28,409		8,875		12,503		151,813		757,255

Leases receivable:
Risk Rating
Pass / Pass-Watch		113,712		165,242		91,408		30,405		10,096		1,167		—		412,030
Special Mention		—		—		—		—		—		—		—		—
Classified		452		5,728		3,137		876		804		237		—		11,234
Total leases receivable		114,164		170,970		94,545		31,281		10,900		1,404		—		423,264

Total loans receivable:
Risk Rating
Pass / Pass-Watch		1,502,486		753,938		661,862		519,885		515,045		524,447		185,358		4,663,021
Special Mention		20,630		6,993		13,996		3,610		15,539		15,763		447		76,978
Classified		452		10,146		15,555		17,312		51,690		40,240		4,774		140,169
Total loans receivable	$	1,523,568	$	771,077	$	691,413	$	540,807	$	582,274	$	580,450	$	190,579	$	4,880,168

⁽¹⁾	Includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision. Certain prior period amounts have been reclassified to conform to current period presentation.

	Term Loans
	Amortized Cost Basis by Origination Year ⁽¹⁾
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Total
	(in thousands)
June 30, 2021
Real estate loans:
Commercial property
Payment performance
Performing	$	473,896	$	822,350	$	520,142	$	471,543	$	321,945	$	711,316	$	52,124	$	3,373,316
Nonperforming		—		—		—		21		2,299		14,764		—		17,084
Total commercial property		473,896		822,350		520,142		471,564		324,244		726,080		52,124		3,390,400

Construction
Payment performance
Performing		9,476		29,345		—		—		—		12,747		—		51,568
Nonperforming		—		—		—		—		—		10,046		—		10,046
Total construction		9,476		29,345		—		—		—		22,793		—		61,614

Residential/consumer loans
Payment performance
Performing		77,142		22,757		254		29,214		105,836		104,342		7,483		347,028
Nonperforming		—		—		—		—		1,383		319		—		1,702
Total residential/consumer loans		77,142		22,757		254		29,214		107,219		104,661		7,483		348,730

Total real estate loans
Payment performance
Performing		560,514		874,452		520,396		500,757		427,781		828,405		59,607		3,771,912
Nonperforming		—		—		—		21		3,682		25,129		—		28,832
Total real estate loans		560,514		874,452		520,396		500,778		431,463		853,534		59,607		3,800,744

Commercial and industrial loans:
Payment performance
Performing		119,736		209,152		58,200		23,371		14,078		16,753		132,364		573,654
Nonperforming		—		—		821		3,903		9,068		283		—		14,075
Total commercial and industrial loans		119,736		209,152		59,021		27,274		23,146		17,036		132,364		587,729

Leases receivable:
Payment performance
Performing		103,420		97,760		132,502		67,887		19,069		1,869		—		422,507
Nonperforming		—		502		5,541		2,015		636		418		—		9,112
Total leases receivable		103,420		98,262		138,043		69,902		19,705		2,287		—		431,619

Total loans receivable:
Payment performance
Performing		783,670		1,181,364		711,098		592,015		460,928		847,027		191,971		4,768,073
Nonperforming		—		502		6,362		5,939		13,386		25,830		—		52,019
Total loans receivable	$	783,670	$	1,181,866	$	717,460	$	597,954	$	474,314	$	872,857	$	191,971	$	4,820,092

	Term Loans
	Amortized Cost Basis by Origination Year ⁽¹⁾
	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Total

December 31, 2020
Real estate loans:
Commercial property
Payment performance
Performing	$	934,556	$	519,582	$	495,132	$	347,656	$	437,230	$	499,410	$	31,283	$	3,264,849
Nonperforming		—		392		22		2,386		17,453		9,704		130		30,087
Total commercial property		934,556		519,974		495,154		350,042		454,683		509,114		31,413		3,294,936

Construction
Payment performance
Performing		33,415		613		—		—		—		—		—		34,028
Nonperforming		—		—		—		—		24,854		—		—		24,854
Total construction		33,415		613		—		—		24,854		—		—		58,882

Residential/consumer loans
Payment performance
Performing		27,997		962		38,053		129,670		82,661		56,785		7,353		343,481
Nonperforming		—		—		—		1,405		301		644		—		2,350
Total residential/consumer loans		27,997		962		38,053		131,075		82,962		57,429		7,353		345,831

Total real estate loans
Payment performance
Performing		995,968		521,157		533,185		477,326		519,891		556,195		38,636		3,642,358
Nonperforming		—		392		22		3,791		42,608		10,348		130		57,291
Total real estate loans		995,968		521,549		533,207		481,117		562,499		566,543		38,766		3,699,649

Commercial and industrial loans:
Payment performance
Performing		413,436		77,668		59,726		19,002		8,875		12,227		151,813		742,747
Nonperforming		—		890		3,935		9,407		—		276		—		14,508
Total commercial and industrial loans		413,436		78,558		63,661		28,409		8,875		12,503		151,813		757,255

Leases receivable:
Payment performance
Performing		113,712		165,242		91,408		30,405		10,096		1,167		—		412,030
Nonperforming		452		5,728		3,137		876		804		237		—		11,234
Total leases receivable		114,164		170,970		94,545		31,281		10,900		1,404		—		423,264

Total loans receivable:
Payment performance
Performing		1,523,116		764,067		684,319		526,733		538,862		569,589		190,449		4,797,135
Nonperforming		452		7,010		7,094		14,074		43,412		10,861		130		83,033
Total loans receivable	$	1,523,568	$	771,077	$	691,413	$	540,807	$	582,274	$	580,450	$	190,579	$	4,880,168

⁽²⁾	Includes extensions, renewals, or modifications of credit contracts, which consist of a new credit decision. Certain prior period amounts have been reclassified to conform to current period presentation.

Analysis of Past Due Loans, Disaggregated by Loan Class

The following is an aging analysis of loans, disaggregated by loan class, as of the dates indicated:

	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total		Accruing 90 Days or More Past Due
	(in thousands)
June 30, 2021
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	828,157	$	828,157	$	—
Hospitality		—		—		—		—		795,651		795,651		—
Other		—		—		458		458		1,766,134		1,766,592		—
Total commercial property loans		—		—		458		458		3,389,942		3,390,400		—
Construction		—		—		—		—		61,614		61,614		—
Residential/consumer loans		—		2,022		560		2,582		346,148		348,730		—
Total real estate loans		—		2,022		1,018		3,040		3,797,704		3,800,744		—
Commercial and industrial loans		47		4		12,446		12,497		575,232		587,729		12,446
Leases receivable		3,664		709		2,271		6,644		424,975		431,619		—
Total loans receivable	$	3,711	$	2,735	$	15,735	$	22,181	$	4,797,911	$	4,820,092	$	12,446

December 31, 2020
Real estate loans:
Commercial property
Retail	$	—	$	—	$	—	$	—	$	824,606	$	824,606	$	—
Hospitality		—		—		11,076		11,076		848,877		859,953		—
Other		—		—		731		731		1,609,646		1,610,377		—
Total commercial property loans		—		—		11,807		11,807		3,283,129		3,294,936		—
Construction		—		12,807		—		12,807		46,075		58,882		—
Residential/consumer loans		4,693		461		564		5,718		340,113		345,831		—
Total real estate loans		4,693		13,268		12,371		30,332		3,669,317		3,699,649		—
Commercial and industrial loans		282		27		12,487		12,796		744,459		757,255		—
Leases receivable		4,051		1,786		4,675		10,512		412,752		423,264		—
Total loans receivable	$	9,026	$	15,081	$	29,533	$	53,640	$	4,826,528	$	4,880,168	$	—

Summary of Interest Foregone on Individually Evaluated Loans

The following is a summary of interest foregone on nonaccrual loans for the periods indicated:

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	(in thousands)
Interest income that would have been recognized had individually evaluated loans performed in accordance with their original terms	$	1,091		$	1,386		$	2,848		$	2,998
Less: Interest income recognized on individually evaluated loans		(136	)		(508	)		(287	)		(1,085	)
Interest foregone on individually evaluated loans	$	955		$	878		$	2,561		$	1,913

Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due 90 Days and Still Accruing

The following table represents the amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of June 30, 2021 and December 31, 2020.

	June 30, 2021
	Nonaccrual Loans With No Allowance for Credit Losses		Nonaccrual Loans With Allowance for Credit Losses		Loans Past Due 90 Days Still Accruing		Total Nonperforming Loans
	(in thousands)
Real estate loans:
Commercial property
Retail	$	6,135	$	—	$	—	$	6,135
Hospitality		8,641		—		—		8,641
Other		1,581		727		—		2,308
Total commercial property loans		16,357		727		—		17,084
Construction		10,046		—		—		10,046
Residential/consumer loans		1,702		—		—		1,702
Total real estate loans		28,105		727		—		28,832
Commercial and industrial loans		133		1,496		12,446		14,075
Leases receivable		1,235		7,877		—		9,112
Total	$	29,473	$	10,100	$	12,446	$	52,019

	December 31, 2020
	Nonaccrual Loans With No Allowance for Credit Losses		Nonaccrual Loans With Allowance for Credit Losses		Loans Past Due 90 Days Still Accruing		Total Nonperforming Loans
	(in thousands)
Real estate loans:
Commercial property
Retail	$	6,331	$	—	$	—	$	6,331
Hospitality		20,611		—		—		20,611
Other		2,236		909		—		3,145
Total commercial property loans		29,178		909		—		30,087
Construction		24,854		—		—		24,854
Residential/consumer loans		2,350		—		—		2,350
Total real estate loans		56,382		909		—		57,291
Commercial and industrial loans		58		14,450		—		14,508
Leases receivable		2,318		8,916		—		11,234
Total	$	58,758	$	24,275	$	—	$	83,033

Non-Performing Assets

The following table details nonperforming assets as of the dates indicated:

	June 30, 2021		December 31, 2020
	(in thousands)
Nonaccrual loans	$	39,573	$	83,033
Loans receivable 90 days or more past due and still accruing		12,446		—
Total nonperforming loans receivable		52,019		83,033
Other real estate owned ("OREO")		712		2,360
Total nonperforming assets	$	52,731	$	85,393

Troubled Debt Restructurings

The following table details TDRs as of June 30, 2021 and December 31, 2020:

	Nonaccrual TDRs										Accrual TDRs
	Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total		Deferral of Principal		Deferral of Principal and Interest		Reduction of Principal and Interest		Extension of Maturity		Total
	(in thousands)
June 30, 2021
Real estate loans	$	419	$	3,070	$	10,455	$	—	$	13,944	$	574	$	—	$	—	$	—	$	574
Commercial and industrial loans		—		133		—		—		133		—		—		1		26		27
Total	$	419	$	3,203	$	10,455	$	—	$	14,077	$	574	$	—	$	1	$	26	$	601

December 31, 2020
Real estate loans	$	1,095	$	3,334	$	12,492	$	—	$	16,921	$	513	$	—	$	67	$	7,290	$	7,870
Commercial and industrial loans		—		144		—		—		144		—		—		4		56		60
Total	$	1,095	$	3,478	$	12,492	$	—	$	17,065	$	513	$	—	$	71	$	7,346	$	7,930

Summary of Loans by Class Modified as Troubled Debt Restructurings

The following table presents the number of loans by class modified as troubled debt restructurings that occurred during the periods indicated, with their pre- and post-modification recorded amounts.

	Three Months ended						Twelve Months ended
	June 30, 2021						December 31, 2020
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(in thousands except for number of loans)
Real estate loans		—	$	—	$	—		5	$	4,479	$	3,676
Commercial and industrial loans		—		—		—		—		—		—
Total		—	$	—	$	—		5	$	4,479	$	3,676

	Six Months ended						Twelve Months ended
	June 30, 2021						December 31, 2020
	Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(in thousands except for number of loans)
Real estate loans		—	$	—	$	—		5	$	4,479	$	3,676
Commercial and industrial loans		—		—		—		—		—		—
Total		—	$	—	$	—		5	$	4,479	$	3,676