Allowance for Non-Covered Loan and Lease Loss and Credit Quality (Tables)

12 Months Ended

Dec. 31, 2013

Activity In The Non-Covered Allowance For Loan And Lease Losses

The following table summarizes activity related to the allowance for non-covered loan and lease losses by non-covered loan and lease portfolio segment for the years ended December 31, 2013 and 2012, respectively:

(in thousands)



	December 31, 2013
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Unallocated			Total
Balance, beginning of period	$	54,909		$	22,925		$	6,925		$	632		$	—		$	85,391
Charge-offs	(7,445		)	(19,266		)	(3,458		)	(826		)	—			(30,995		)
Recoveries	3,322			9,914			351			502			—			14,089
Provision	2,647			10,618			3,009			555			—			16,829
Balance, end of period	$	53,433		$	24,191		$	6,827		$	863		$	—		$	85,314

	December 31, 2012
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Unallocated			Total
Balance, beginning of period	$	59,574		$	20,485		$	7,625		$	867		$	4,417		$	92,968
Charge-offs	(22,349		)	(12,209		)	(5,282		)	(1,499		)	—			(41,339		)
Recoveries	5,409			5,356			762			439			—			11,966
Provision	12,275			9,293			3,820			825			(4,417		)	21,796
Balance, end of period	$	54,909		$	22,925		$	6,925		$	632		$	—		$	85,391

The following table presents the allowance and recorded investment in non-covered loans and leases by portfolio segment and balances individually or collectively evaluated for impairment as of December 31, 2013 and 2012, respectively:

(in thousands)



	December 31, 2013
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Unallocated		Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment	$	51,648	$	24,179	$	6,827	$	863	$	—	$	83,517
Individually evaluated for impairment	1,785		12		—		—		—		1,797
Total	$	53,433	$	24,191	$	6,827	$	863	$	—	$	85,314
Non-covered loans and leases:
Collectively evaluated for impairment	$	4,235,744	$	2,108,293	$	861,470	$	48,113			$	7,253,620
Individually evaluated for impairment	89,280		11,503		—		—				100,783
Total	$	4,325,024	$	2,119,796	$	861,470	$	48,113			$	7,354,403

(in thousands)



	December 31, 2012
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Unallocated		Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment	$	53,513	$	22,925	$	6,920	$	632	$	—	$	83,990
Individually evaluated for impairment	1,396		—		5		—		—		1,401
Total	$	54,909	$	22,925	$	6,925	$	632	$	—	$	85,391
Non-covered loans and leases:
Collectively evaluated for impairment	$	4,059,419	$	1,700,761	$	740,925	$	37,566			$	6,538,671
Individually evaluated for impairment	123,835		18,378		175		21				142,409
Total	$	4,183,254	$	1,719,139	$	741,100	$	37,587			$	6,681,080

Schedule of Reserve for Unfunded Commitments and Unfunded Commitments

The following table presents a summary of activity in the reserve for unfunded commitments (“RUC”) and unfunded commitments for the years ended December 31, 2013 and 2012, respectively:

(in thousands)



	December 31, 2013
	Commercial							Consumer
	Real Estate		Commercial		Residential			& Other		Total
Balance, beginning of period	$	172	$	807	$	173		$	71	$	1,223
Net change to other expense	48		93		59			13		213
Balance, end of period	$	220	$	900	$	232		$	84	$	1,436

	December 31, 2012
	Commercial							Consumer
	Real Estate		Commercial		Residential			& Other		Total
Balance, beginning of period	$	59	$	633	$	185		$	63	$	940
Net change to other expense	113		174		(12		)	8		283
Balance, end of period	$	172	$	807	$	173		$	71	$	1,223

(in thousands)



	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Unfunded loan and lease commitments:
December 31, 2013	$	237,042	$	1,012,257	$	336,559	$	52,588	$	1,638,446
December 31, 2012	$	196,292	$	925,642	$	257,508	$	52,170	$	1,431,612

Non-Covered Loans Sold

The following table summarizes loans and leases sold by loan portfolio during the years ended December 31, 2013 and 2012, respectively:

(In thousands)



	2013		2012
Commercial real estate
Non-owner occupied term	$	4,039	$	10,623
Owner occupied term	3,738		1,473
Multifamily	—		—
Construction & development	3,515		—
Residential development	363		12
Commercial
Term	47,635		—
LOC & other	—		1,942
Leases and equipment finance	—		—
Residential
Mortgage	1,008		192
Home equity loans & lines	—		—
Consumer & other	—		—
Total	$	60,298	$	14,242

Non-Covered Non-Accrual Loans And Loans Past Due

The following table summarizes our non-covered non-accrual loans and leases and loans and leases past due by loan and lease class as of December 31, 2013 and December 31, 2012:

(in thousands)



	December 31, 2013
	30-59		60-89		Greater Than								Total Non-
	Days		Days		90 Days and		Total		Non-		Current &		covered Loans
	Past Due		Past Due		Accruing		Past Due		accrual		Other (1)		and Leases
Commercial real estate
Non-owner occupied term, net	$	3,618	$	352	$	—	$	3,970	$	9,193	$	2,315,097	$	2,328,260
Owner occupied term, net	1,320		340		610		2,270		6,204		1,251,109		1,259,583
Multifamily, net	—		—		—		—		935		402,602		403,537
Construction & development, net	—		—		—		—		—		245,231		245,231
Residential development, net	—		—		—		—		2,801		85,612		88,413
Commercial
Term, net	901		1,436		—		2,337		8,723		759,785		770,845
LOC & other, net	619		224		—		843		1,222		985,295		987,360
Leases and equipment finance, net	2,202		1,706		517		4,425		2,813		354,353		361,591
Residential
Mortgage, net	1,050		342		2,070		3,462		—		593,739		597,201
Home equity loans & lines, net	473		563		160		1,196		—		263,073		264,269
Consumer & other, net	69		75		73		217		—		47,896		48,113
Total, net of deferred fees and costs	$	10,252	$	5,038	$	3,430	$	18,720	$	31,891	$	7,303,792	$	7,354,403

(1) Other includes non-covered loans accounted for under ASC 310-30.

(in thousands)



	December 31, 2012
	30-59		60-89		Greater Than								Total Non-
	Days		Days		90 Days and		Total		Non-		Current &		covered Loans
	Past Due		Past Due		Accruing		Past Due		accrual		Other (1)		and Leases
Commercial real estate
Non-owner occupied term, net	$	5,132	$	1,097	$	—	$	6,229	$	33,797	$	2,276,883	$	2,316,909
Owner occupied term, net	2,615		1,687		—		4,302		8,448		1,264,090		1,276,840
Multifamily, net	—		—		—		—		1,045		330,690		331,735
Construction & development, net	283		—		—		283		4,177		196,171		200,631
Residential development, net	479		—		—		479		5,132		51,528		57,139
Commercial
Term, net	3,009		746		81		3,836		7,040		786,185		797,061
LOC & other, net	1,647		1,503		—		3,150		7,027		880,631		890,808
Leases and equipment finance, net	—		—		—		—		—		31,270		31,270
Residential
Mortgage, net	2,906		602		3,303		6,811		—		471,652		478,463
Home equity loans & lines, net	1,398		214		758		2,370		49		260,218		262,637
Consumer & other, net	282		191		90		563		21		37,003		37,587
Total, net of deferred fees and costs	$	17,751	$	6,040	$	4,232	$	28,023	$	66,736	$	6,586,321	$	6,681,080

(1) Other includes non-covered loans accounted for under ASC 310-30.

Non-Covered Impaired Loans

The following table summarizes our non-covered impaired loans, including average recorded investment and interest income recognized on impaired non-covered loans, by loan class for the years ended December 31, 2013 and 2012:

(in thousands)



	December 31, 2013
	Unpaid						Average		Interest
	Principal		Recorded		Related		Recorded		Income
	Balance		Investment		Allowance		Investment		Recognized
With no related allowance recorded:
Commercial real estate
Non-owner occupied term, net	$	19,350	$	18,285	$	—	$	31,024	$	—
Owner occupied term, net	6,674		6,204		—		3,014		—
Multifamily, net	1,416		935		—		765		—
Construction & development, net	9,518		8,498		—		12,021		—
Residential development, net	12,347		5,776		—		7,592		—
Commercial
Term, net	22,750		8,723		—		10,981		—
LOC & other, net	5,886		1,222		—		2,836		—
Residential
Mortgage, net	—		—		—		—		—
Home equity loans & lines, net	—		—		—		70		—
Consumer & other, net	—		—		—		1		—
With an allowance recorded:
Commercial real estate
Non-owner occupied term, net	31,252		31,362		928		32,250		1,512
Owner occupied term, net	5,202		5,202		198		4,448		205
Multifamily, net	—		—		—		—		—
Construction & development, net	1,091		1,091		11		1,898		484
Residential development, net	10,166		11,927		648		14,759		644
Commercial
Term, net	—		300		8		974		17
LOC & other, net	1,258		1,258		4		1,172		51
Residential
Mortgage, net	—		—		—		153		—
Home equity loans & lines, net	—		—		—		25		—
Consumer & other, net	—		—		—		—		—
Total:
Commercial real estate, net	97,016		89,280		1,785		107,771		2,845
Commercial, net	29,894		11,503		12		15,963		68
Residential, net	—		—		—		248		—
Consumer & other, net	—		—		—		1		—
Total, net of deferred fees and costs	$	126,910	$	100,783	$	1,797	$	123,983	$	2,913

(in thousands)



	December 31, 2012
	Unpaid						Average		Interest
	Principal		Recorded		Related		Recorded		Income
	Balance		Investment		Allowance		Investment		Recognized
With no related allowance recorded:
Commercial real estate
Non-owner occupied term, net	$	38,654	$	33,912	$	—	$	36,167	$	—
Owner occupied term, net	10,085		8,449		—		7,998
Multifamily, net	1,214		1,045		—		886
Construction & development, net	18,526		15,638		—		17,899		—
Residential development, net	9,293		6,091		—		15,518		—
Commercial
Term, net	13,729		10,532		—		11,966		—
LOC & other, net	10,778		7,846		—		7,949		—
Residential
Mortgage, net	—		—		—		—		—
Home equity loans & lines, net	50		49		—		301		—
Consumer & other, net	21		21		—		4		—
With an allowance recorded:
Commercial real estate
Non-owner occupied term, net	35,732		35,732		762		25,608		1,076
Owner occupied term, net	5,284		5,284		436		3,328		37
Multifamily, net	—		—		—		—		—
Construction & development, net	1,091		1,091		14		2,400		672
Residential development, net	16,593		16,593		184		18,417		747
Commercial
Term, net	—		—		—		443		182
LOC & other, net	—		—		—		795		9
Residential
Mortgage, net	—		—		—		—		—
Home equity loans & lines, net	126		126		5		127		6
Consumer & other, net	—		—		—		—		—
Total:
Commercial real estate, net	136,472		123,835		1,396		128,221		2,532
Commercial, net	24,507		18,378		—		21,153		191
Residential, net	176		175		5		428		6
Consumer & other, net	21		21		—		4		—
Total, net of deferred fees and costs	$	161,176	$	142,409	$	1,401	$	149,806	$	2,729

Internal Risk Rating By Loan Class

The following table summarizes our internal risk rating by loan and lease class for the non-covered loan and lease portfolio as of December 31, 2013 and December 31, 2012:

(in thousands)



	December 31, 2013
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Impaired		Total
Commercial real estate
Non-owner occupied term, net	$	2,073,366	$	108,263	$	96,984	$	—	$	—	$	49,647	$	2,328,260
Owner occupied term, net	1,182,865		27,615		37,524		173		—		11,406		1,259,583
Multifamily, net	385,335		5,574		11,693		—		—		935		403,537
Construction & development, net	230,262		2,054		3,326		—		—		9,589		245,231
Residential development, net	67,019		1,836		1,855		—		—		17,703		88,413
Commercial
Term, net	718,778		23,393		19,651		—		—		9,023		770,845
LOC & other, net	951,109		24,197		9,574		—		—		2,480		987,360
Leases and equipment finance, net	351,971		4,585		1,706		2,996		333		—		361,591
Residential
Mortgage, net	593,723		1,405		743		—		1,330		—		597,201
Home equity loans & lines, net	263,070		1,038		25		—		136		—		264,269
Consumer & other, net	47,895		144		33		—		41		—		48,113
Total, net of deferred fees and costs	$	6,865,393	$	200,104	$	183,114	$	3,169	$	1,840	$	100,783	$	7,354,403

(in thousands)



	December 31, 2012
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Impaired		Total
Commercial real estate
Non-owner occupied term, net	$	1,993,369	$	174,892	$	79,004	$	—	$	—	$	69,644	$	2,316,909
Owner occupied term, net	1,185,721		26,475		50,911		—		—		13,733		1,276,840
Multifamily, net	324,315		1,950		4,425		—		—		1,045		331,735
Construction & development, net	165,185		12,654		6,063		—		—		16,729		200,631
Residential development, net	25,018		4,373		5,064		—		—		22,684		57,139
Commercial
Term, net	717,546		22,256		46,727		—		—		10,532		797,061
LOC & other, net	847,883		19,510		15,569		—		—		7,846		890,808
Leases and equipment finance, net	31,270		—		—		—		—		—		31,270
Residential
Mortgage, net	471,206		3,510		1,120		—		2,627		—		478,463
Home equity loans & lines, net	260,086		1,616		—		—		760		175		262,637
Consumer & other, net	37,056		419		57		—		34		21		37,587
Total, net of deferred fees and costs	$	6,058,655	$	267,655	$	208,940	$	—	$	3,421	$	142,409	$	6,681,080

Schedule Of Troubled Debt Restructurings

The following tables present newly non-covered restructured loans that occurred during the years ended December 31, 2013 and 2012, respectively:

(in thousands)



	December 31, 2013
	Rate		Term		Interest Only		Payment		Combination
	Modifications		Modifications		Modifications		Modifications		Modifications		Total
Commercial real estate
Non-owner occupied term, net	$	—	$	—	$	4,291	$	—	$	—	$	4,291
Owner occupied term, net	—		—		—		—		—		—
Multifamily, net	—		—		—		—		—		—
Construction & development, net	—		—		—		—		—		—
Residential development, net	—		—		—		—		—		—
Commercial
Term, net	—		—		—		—		3,588		3,588
LOC & other, net	—		—		—		—		452		452
Leases and equipment finance, net	—		—		—		—		—		—
Residential
Mortgage, net	—		—		—		—		478		478
Home equity loans & lines, net	—		—		—		—		—		—
Consumer & other, net	—		—		—		—		—		—
Total, net of deferred fees and costs	$	—	$	—	$	4,291	$	—	$	4,518	$	8,809

	December 31, 2012
	Rate		Term		Interest Only		Payment		Combination
	Modifications		Modifications		Modifications		Modifications		Modifications		Total
Commercial real estate
Non-owner occupied term, net	$	14,333	$	—	$	—	$	—	$	2,595	$	16,928
Owner occupied term, net	587		—		—		—		4,722		5,309
Multifamily, net	—		—		—		—		—		—
Construction & development, net	—		—		—		—		—		—
Residential development, net	—		—		—		—		—		—
Commercial
Term, net	—		—		—		—		—		—
LOC & other, net	—		—		—		820		—		820
Leases and equipment finance, net	—		—		—		—		—		—
Residential
Mortgage, net	—		—		—		—		—		—
Home equity loans & lines, net	—		—		—		—		—		—
Consumer & other, net	—		—		—		—		—		—
Total, net of deferred fees and costs	$	14,920	$	—	$	—	$	820	$	7,317	$	23,057

For the periods presented in the tables above, the outstanding recorded investment was the same pre and post modification.

The following tables represent financing receivables modified as troubled debt restructurings within the previous 12 months for which there was a payment default during the years ended December 31, 2013 and 2012, respectively:

(in thousands)



	2013		2012
Commercial real estate
Non-owner occupied term, net	$	—	$	—
Owner occupied term, net	—		217
Multifamily, net	—		—
Construction & development, net	—		—
Residential development, net	—		633
Commercial
Term, net	1,786		—
LOC & other, net	—		26
Leases and equipment finance, net	—		—
Residential
Mortgage, net	—		—
Home equity loans & lines, net	—		—
Consumer & other, net	—		—
Total, net of deferred fees and costs	$	1,786	$	876

The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan class as of December 31, 2013 and December 31, 2012:

(in thousands)



	December 31, 2013
	Accrual		Non-Accrual		Total
	Status		Status		Modifications
Commercial real estate
Non-owner occupied term, net	$	37,366	$	—	$	37,366
Owner occupied term, net	5,202		—		5,202
Multifamily, net	—		—		—
Construction & development, net	9,590		—		9,590
Residential development, net	14,902		2,196		17,098
Commercial
Term, net	—		2,603		2,603
LOC & other, net	1,258		—		1,258
Leases and equipment finance, net	—		—		—
Residential
Mortgage, net	473		—		473
Home equity loans & lines, net	—		—		—
Consumer & other, net	—		—		—
Total, net of deferred fees and costs	$	68,791	$	4,799	$	73,590

(in thousands)



	December 31, 2012
	Accrual		Non-Accrual		Total
	Status		Status		Modifications
Commercial real estate
Non-owner occupied term, net	$	34,329	$	16,200	$	50,529
Owner occupied term, net	5,284		405		5,689
Multifamily, net	—		—		—
Construction & development, net	12,552		3,516		16,068
Residential development, net	17,141		4,921		22,062
Commercial
Term, net	350		4,641		4,991
LOC & other, net	820		1,493		2,313
Leases and equipment finance, net	—		—		—
Residential
Mortgage, net	—		—		—
Home equity loans & lines, net	126		—		126
Consumer & other, net	—		—		—
Total, net of deferred fees and costs	$	70,602	$	31,176	$	101,778