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

6 Months Ended

Jun. 30, 2014

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 three and six months ended June 30, 2014 and 2013:



(in thousands)	Three Months Ended June 30, 2014
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	51,847		$	26,762		$	7,191		$	909		$	86,709
Charge-offs	(629		)	(4,418		)	(449		)	(318		)	(5,814		)
Recoveries	532			979			120			70			1,701
Provision	208			9,264			4,541			1,386			15,399
Balance, end of period	$	51,958		$	32,587		$	11,403		$	2,047		$	97,995

	Three Months Ended June 30, 2013
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	55,095		$	21,661		$	7,219		$	717		$	84,692
Charge-offs	(2,038		)	(1,614		)	(728		)	(224		)	(4,604		)
Recoveries	1,480			1,086			87			102			2,755
Provision	712			454			1,672			155			2,993
Balance, end of period	$	55,249		$	21,587		$	8,250		$	750		$	85,836




(in thousands)	Six Months Ended June 30, 2014
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	53,433		$	24,191		$	6,827		$	863		$	85,314
Charge-offs	(2,524		)	(7,767		)	(582		)	(506		)	(11,379		)
Recoveries	971			1,960			167			163			3,261
Provision	78			14,203			4,991			1,527			20,799
Balance, end of period	$	51,958		$	32,587		$	11,403		$	2,047		$	97,995

	Six Months Ended June 30, 2013
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	54,909		$	22,925		$	6,925		$	632		$	85,391
Charge-offs	(3,492		)	(7,788		)	(1,632		)	(417		)	(13,329		)
Recoveries	1,950			1,453			179			211			3,793
Provision	1,882			4,997			2,778			324			9,981
Balance, end of period	$	55,249		$	21,587		$	8,250		$	750		$	85,836

The following table presents the allowance and recorded investment in non-covered loans and leases by portfolio segment and balances as of June 30, 2014 and 2013:



(in thousands)	June 30, 2014
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment	$	50,656	$	32,572	$	11,403	$	2,047	$	96,678
Individually evaluated for impairment	1,302		15		—		—		1,317
Loans acquired with deteriorated credit quality	—		—		—		—		—
Total	$	51,958	$	32,587	$	11,403	$	2,047	$	97,995
Non-covered loans and leases:
Collectively evaluated for impairment	$	8,451,692	$	2,818,710	$	2,711,158	$	330,291	$	14,311,851
Individually evaluated for impairment	92,676		23,274		—		—		115,950
Loans acquired with deteriorated credit quality	306,241		48,173		46,610		1,520		402,544
Total	$	8,850,609	$	2,890,157	$	2,757,768	$	331,811	$	14,830,345



(in thousands)	June 30, 2013
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for non-covered loans and leases:
Collectively evaluated for impairment	$	53,400	$	21,583	$	8,239	$	750	$	83,972
Individually evaluated for impairment	1,849		4		11		—		1,864
Total	$	55,249	$	21,587	$	8,250	$	750	$	85,836
Non-covered loans and leases:
Collectively evaluated for impairment	$	4,112,263	$	1,749,697	$	766,578	$	42,016	$	6,670,554
Individually evaluated for impairment	111,814		15,045		477		—		127,336
Total	$	4,224,077	$	1,764,742	$	767,055	$	42,016	$	6,797,890

Schedule of Reserve for Unfunded Commitments and Unfunded Commitments

The following table presents a summary of activity in the RUC and unfunded commitments for the three and six months ended June 30, 2014 and 2013:



(in thousands)	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2014			2013		2014			2013
Balance, beginning of period	$	1,417		$	1,269	$	1,436		$	1,223
Net change to other expense	(538		)	58		(557		)	104
Acquired reserve	3,966			—		3,966			—
Balance, end of period	$	4,845		$	1,327	$	4,845		$	1,327



(in thousands)
	Total
Unfunded loan and lease commitments:
June 30, 2014	$	2,814,549
June 30, 2013	$	1,553,657

Non-Covered Loans Sold

The following table summarizes loans and leases sold by loan portfolio during the three and six months ended June 30, 2014 and 2013:



(in thousands)	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Commercial real estate
Non-owner occupied term	$	11,606	$	—	$	14,799	$	—
Owner occupied term	46,097				48,244		2,850
Multifamily	25,202				25,202		—
Construction & development	566		—		566		3,515
Residential development	195		340		800		363
Commercial
Term	9,873		35,411		25,869		46,536
LOC & other	5,062		—		5,062		—
Residential
Mortgage	5,703		—		6,034		—
Home equity loans & lines	24,445		—		24,445		—
Consumer & other	7,344		—		7,344		—
Total	$	136,093	$	35,751	$	158,365	$	53,264

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 June 30, 2014 and December 31, 2013:



(in thousands)	June 30, 2014
	Greater than 30 to 59 Days Past Due		60 to 89 Days Past Due		90 Days and Greater and Accruing		Total Past Due		Non-Accrual		Current & Other (1)		Total non-cover Loans and Leases
Commercial real estate
Non-owner occupied term, net	$	907	$	3,242	$	298	$	4,447	$	17,689	$	3,325,893	$	3,348,029
Owner occupied term, net	2,700		6,018		—		8,718		4,442		2,652,968		2,666,128
Multifamily, net	—		516		—		516		1,311		2,481,168		2,482,995
Construction & development, net	—		1,804		—		1,804		—		259,963		261,767
Residential development, net	—		—		—		—		—		91,690		91,690
Commercial
Term, net	443		512		—		955		19,142		1,084,109		1,104,206
LOC & other, net	1,534		952		225		2,711		2,587		1,316,869		1,322,167
Leases and equipment finance, net	1,156		1,343		638		3,137		3,153		457,494		463,784
Residential
Mortgage, net	94		4,001		2,889		6,984		—		1,951,613		1,958,597
Home equity loans & lines, net	1,555		417		830		2,802		—		796,369		799,171
Consumer & other, net	1,331		388		39		1,758		34		330,019		331,811
Total, net of deferred fees and costs	$	9,720	$	19,193	$	4,919	$	33,832	$	48,358	$	14,748,155	$	14,830,345

(1) Other includes purchased impaired non-covered loans of $402.5 million.



(in thousands)	December 31, 2013
	Greater than 30 to 59 Days Past Due		60 to 89 Days Past Due		90 Days and Greater and Accruing		Total Past Due		Non-Accrual		Current & Other (1)		Total non-cover Loans 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 purchased impaired non-covered loans of $21.9 million

Non-Covered Impaired Loans

The following table summarizes our non-covered impaired loans by loan class as of June 30, 2014 and December 31, 2013:



(in thousands)	June 30, 2014
	Unpaid		Recorded Investment
	Principal		Without		With		Related
	Balance		Allowance		Allowance		Allowance

Commercial real estate
Non-owner occupied term, net	$	55,179	$	28,444	$	23,680	$	651
Owner occupied term, net	12,349		5,026		7,114		452
Multifamily, net	5,185		1,311		3,519		86
Construction & development, net	10,505		8,393		1,091		9
Residential development, net	14,103		6,487		7,611		104
Commercial
Term, net	28,874		19,142		300		11
LOC & other, net	7,619		2,587		1,245		4
Leases, net	—		—		—		—
Residential
Mortgage, net	—		—		—		—
Home equity loans & lines, net	329		—		—		—
Consumer & other, net	153		—		—		—
Total, net of deferred fees and costs	$	134,296	$	71,390	$	44,560	$	1,317



(in thousands)	December 31, 2013
	Unpaid		Recorded Investment
	Principal		Without		With		Related
	Balance		Allowance		Allowance		Allowance

Commercial real estate
Non-owner occupied term, net	$	50,602	$	18,285	$	31,362	$	928
Owner occupied term, net	11,876		6,204		5,202		198
Multifamily, net	1,416		935		—		—
Construction & development, net	10,609		8,498		1,091		11
Residential development, net	22,513		5,776		11,927		648
Commercial
Term, net	22,750		8,723		300		8
LOC & other, net	7,144		1,222		1,258		4
Leases, net	—		—		—		—
Residential
Mortgage, net	—		—		—		—
Home equity loans & lines, net	—		—		—		—
Consumer & other, net	—		—		—		—
Total, net of deferred fees and costs	$	126,910	$	49,643	$	51,140	$	1,797

Schedule Of Average Recorded Investment And Interest Income Recognized

The following table summarizes our average recorded investment and interest income recognized on impaired non-covered loans by loan class for the three and six months ended June 30, 2014 and 2013:



(in thousands)	Three Months Ended				Three Months Ended
	June 30, 2014				June 30, 2013
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
Commercial real estate
Non-owner occupied term, net	$	52,913	$	297	$	—	$	—
Owner occupied term, net	12,660		75		—		—
Multifamily, net	2,592		—		79,775		400
Construction & development, net	9,505		195		12,462		150
Residential development, net	14,263		152		20,946		158
Commercial
Term, net	15,853		4		13,754		5
LOC & other, net	3,055		12		3,455		13
Residential
Mortgage, net	—		—		383		59
Home equity loans & lines, net	—		—		25		—
Consumer & other, net	—		—		—		—
Total, net of deferred fees and costs	$	110,841	$	735	$	130,800	$	785



(in thousands)	Six Months Ended				Six Months Ended
	June 30, 2014				June 30, 2013
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
Commercial real estate
Non-owner occupied term, net	$	51,824	$	646	$	77,846	$	769
Owner occupied term, net	12,242		152		—		—
Multifamily, net	2,040		—		—		—
Construction & development, net	9,533		313		15,074		299
Residential development, net	15,410		311		25,276		316
Commercial
Term, net	13,576		8		13,306		9
LOC & other, net	2,863		25		5,219		24
Residential
Mortgage, net	—		—		255		114
Home equity loans & lines, net	—		—		159		—
Consumer & other, net	—		—		1		—
Total, net of deferred fees and costs	$	107,488	$	1,455	$	137,136	$	1,531

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 June 30, 2014 and December 31, 2013:



(in thousands)	June 30, 2014
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Impaired (1)		Total
Commercial real estate
Non-owner occupied term, net	$	3,068,321	$	114,558	$	112,571	$	455	$	—	$	52,124	$	3,348,029
Owner occupied term, net	2,495,045		66,195		90,618		2,130		—		12,140		2,666,128
Multifamily, net	2,463,434		7,848		6,883		—		—		4,830		2,482,995
Construction & development, net	243,553		4,892		3,838		—		—		9,484		261,767
Residential development, net	75,108		797		1,687		—		—		14,098		91,690
Commercial
Term, net	1,048,347		19,866		16,250		301		—		19,442		1,104,206
LOC & other, net	1,263,347		32,938		21,541		509		—		3,832		1,322,167
Leases and equipment finance, net	456,999		1,492		1,395		3,892		6		—		463,784
Residential
Mortgage, net	1,935,023		6,092		15,789		—		1,693		—		1,958,597
Home equity loans & lines, net	790,689		5,025		2,674		—		783		—		799,171
Consumer & other, net	328,675		2,361		763		—		12		—		331,811
Total, net of deferred fees and costs	$	14,168,541	$	262,064	$	274,009	$	7,287	$	2,494	$	115,950	$	14,830,345

(1) Impaired loans includes 5.9% classified as watch, 2.6% classified as special mentioned, 89.4% classified as substandard, and 2.1% classified as doubtful.



(in thousands)	December 31, 2013
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Impaired (1)		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

(1) Impaired loans includes 6.4% classified as watch, 3.7% classified as special mentioned, and 89.9% classified as substandard.

Schedule Of Troubled Debt Restructurings

The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan segment as of June 30, 2014 and December 31, 2013:



(in thousands)	June 30, 2014
	Accrual		Non-Accrual		Total
	Status		Status		Modifications
Commercial real estate, net	$	65,612	$	3,782	$	69,394
Commercial, net	1,245		2,720		3,965
Residential, net	607		—		607
Total, net of deferred fees and costs	$	67,464	$	6,502	$	73,966



(in thousands)	December 31, 2013
	Accrual		Non-Accrual		Total
	Status		Status		Modifications
Commercial real estate, net	$	67,060	$	2,196	$	69,256
Commercial, net	1,258		2,603		3,861
Residential, net	473		—		473
Total, net of deferred fees and costs	$	68,791	$	4,799	$	73,590

The following table presents newly non-covered restructured loans that occurred during the three months ended June 30, 2014 and three and six months ended June 30, 2013:



(in thousands)	Three and Six Months Ended June 30, 2014
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications
Commercial real estate
Non-owner occupied term, net	$	—	$	1,244	$	—	$	—	$	—	$	1,244
Multifamily, net	—		—		—		—		3,519		3,519
Residential
Mortgage, net	—		—		—		—		138		138
Total, net of deferred fees and costs	$	—	$	1,244	$	—	$	—	$	3,657	$	4,901

	Three Months Ended June 30, 2013
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications
Residential
Mortgage, net	$	—	$	—	$	—	$	—	$	189	$	189
Total, net of deferred fees and costs	$	—	$	—	$	—	$	—	$	189	$	189




(in thousands)	Six Months Ended June 30, 2013
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications
Commercial real estate
Term & multifamily, net	$	—	$	—	$	4,291	$	—	$	—	$	4,291
LOC & other, net	—		—		—		—		452		452
Residential
Mortgage, net	—		—		—		—		478		478
Total, net of deferred fees and costs	$	—	$	—	$	4,291	$	—	$	930	$	5,221