Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information 

The Company operates three primary segments: Community Banking, Home Lending and Wealth Management. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas. As of March 31, 2013, the Community Banking segment operated 201 locations throughout Oregon, California, Washington, and Nevada.

The Home Lending segment, which operates as a division of the Bank, originates, sells and services residential mortgage loans.  

The Wealth Management segment consists of the operations of Umpqua Investments, which offers a full range of retail brokerage services and products to its clients who consist primarily of individual investors, and Umpqua Private Bank, which serves high net worth individuals with liquid investable assets and provides customized financial solutions and offerings. The Company accounts for intercompany fees and services between Umpqua Investments and the Bank at estimated fair value according to regulatory requirements for services provided.  Intercompany items relate primarily to management services, referral fees and deposit rebates. 

Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables: 

Segment Information 

(in thousands)

	Three months ended March 31, 2013
	Community		Wealth		Home
	Banking		Management		Lending		Consolidated
Interest income	$	95,011	$	3,724	$	5,598	$	104,333
Interest expense	9,281		190		673		10,144
Net interest income	85,730		3,534		4,925		94,189
Provision for non-covered loan and lease losses	6,988		—		—		6,988
Provision for covered loan and lease losses	232		—		—		232
Non-interest income	6,496		3,790		23,729		34,015
Non-interest expense	71,458		4,002		10,302		85,762
Income before income taxes	13,548		3,322		18,352		35,222
Provision for income taxes	3,191		1,329		7,341		11,861
Net income	10,357		1,993		11,011		23,361
Dividends and undistributed earnings allocated
to participating securities	183		—		—		183
Net earnings available to common shareholders	$	10,174	$	1,993	$	11,011	$	23,178

(in thousands)

	Three months ended March 31, 2012
	Community			Wealth		Home
	Banking			Management		Lending		Consolidated
Interest income	$	107,280		$	4,118	$	4,244	$	115,642
Interest expense	12,421			267		599		13,287
Net interest income	94,859			3,851		3,645		102,355
Provision for non-covered loan and lease losses	3,167			—		—		3,167
Recapture of covered loan and lease losses	(31		)	—		—		(31		)
Non-interest income	10,864			3,090		13,283		27,237
Non-interest expense	76,719			3,729		7,248		87,696
Income before income taxes	25,868			3,212		9,680		38,760
Provision for income taxes	8,222			1,163		3,872		13,257
Net income	17,646			2,049		5,808		25,503
Dividends and undistributed earnings allocated
to participating securities	167			—		—		167
Net earnings available to common shareholders	$	17,479		$	2,049	$	5,808	$	25,336

(in thousands)

	March 31, 2013
	Community		Wealth		Home
	Banking		Management		Lending		Consolidated
Total assets	$	10,780,015	$	100,372	$	611,023	$	11,491,410
Total loans and leases (covered and non-covered)	$	6,587,045	$	85,263	$	440,738	$	7,113,046
Total deposits	$	8,656,052	$	384,898	$	30,705	$	9,071,655

	December 31, 2012
	Community		Wealth		Home
	Banking		Management		Lending		Consolidated
Total assets	$	10,984,996	$	90,370	$	720,077	$	11,795,443
Total loans and leases (covered and non-covered)	$	6,713,792	$	74,132	$	370,234	$	7,158,158
Total deposits	$	8,968,867	$	382,033	$	28,375	$	9,379,275