XML 55 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9
Allowance for Loan and Lease Loss and Credit Quality (Tables)
 12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Activity In The Non-Covered Allowance For Loan And Lease Losses
The following table summarizes activity related to the allowance for loan and lease losses by loan and lease portfolio segment for the years ended December 31, 2014 and 2013: 
 
(in thousands)
December 31, 2014
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
59,538

 
$
27,028

 
$
7,487

 
$
1,032

 
$
95,085

Charge-offs
(8,030
)
 
(16,824
)
 
(1,855
)
 
(3,469
)
 
(30,178
)
Recoveries
2,539

 
6,744

 
462

 
1,274

 
11,019

Provision
1,137

 
24,268

 
9,828

 
5,008

 
40,241

Balance, end of period
$
55,184

 
$
41,216

 
$
15,922

 
$
3,845

 
$
116,167

 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Balance, beginning of period
$
67,038

 
$
27,905

 
$
7,729

 
$
994

 
$
103,666

Charge-offs
(9,748
)
 
(20,810
)
 
(3,655
)
 
(1,285
)
 
(35,498
)
Recoveries
4,436

 
10,445

 
569

 
751

 
16,201

Provision (recapture)
(2,188
)
 
9,488

 
2,844

 
572

 
10,716

Balance, end of period
$
59,538

 
$
27,028

 
$
7,487

 
$
1,032

 
$
95,085


The following table presents the allowance and recorded investment in loans and leases by portfolio segment and balances individually or collectively evaluated for impairment as of December 31, 2014 and 2013: 
 
(in thousands)
December 31, 2014
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Allowance for loans and leases:
Collectively evaluated for impairment
$
49,243

 
$
38,201

 
$
15,858

 
$
3,118

 
$
106,420

Individually evaluated for impairment
1,088

 
320

 
—

 
—

 
1,408

Loans acquired with deteriorated credit quality
4,853

 
2,695

 
64

 
727

 
8,339

Total
$
55,184

 
$
41,216

 
$
15,922

 
$
3,845

 
$
116,167

Loans and leases:
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
8,374,716

 
$
2,884,388

 
$
3,084,633

 
$
318,572

 
$
14,662,309

Individually evaluated for impairment
69,636

 
32,936

 
—

 
—

 
102,572

Loans acquired with deteriorated credit quality
459,308

 
31,499

 
1,580

 
70,464

 
562,851

Total
$
8,903,660

 
$
2,948,823

 
$
3,086,213

 
$
389,036

 
$
15,327,732

 

(in thousands)
December 31, 2013
 
Commercial
 
 
 
 
 
Consumer
 
 
 
Real Estate
 
Commercial
 
Residential
 
& Other
 
Total
Allowance for loans and leases:
Collectively evaluated for impairment
$
51,758

 
$
24,303

 
$
6,878

 
$
914

 
$
83,853

Individually evaluated for impairment
1,785

 
12

 
—

 
—

 
1,797

Loans acquired with deteriorated credit quality
5,995

 
2,713

 
609

 
118

 
9,435

Total
$
59,538

 
$
27,028

 
$
7,487

 
$
1,032

 
$
95,085

Loans and leases:
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
4,236,643

 
$
2,114,929

 
$
866,463

 
$
50,636

 
$
7,268,671

Individually evaluated for impairment
89,280

 
11,503

 
—

 
—

 
100,783

Loans acquired with deteriorated credit quality
304,232

 
15,781

 
36,960

 
1,739

 
358,712

Total
$
4,630,155

 
$
2,142,213

 
$
903,423

 
$
52,375

 
$
7,728,166
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 years ended December 31, 2014 and 2013: 

(in thousands) 
December 31, 2014
 
December 31, 2013
Balance, beginning of period
$
1,436

 
$
1,223

Net change to other expense
(1,863
)
 
213

Acquired reserve
3,966

 
—

Balance, end of period
$
3,539

 
$
1,436


(in thousands)
 
 
 
 
Total
Unfunded loan and lease commitments:
 
 
December 31, 2014
 
$
3,000,505

December 31, 2013
 
$
1,638,446
Non-Covered Loans Sold
 The following table summarizes loans and leases sold by loan portfolio during the years ended December 31, 2014 and 2013: 
 
(in thousands) 
2014
 
2013
Commercial real estate
 
 
 
Non-owner occupied term
$
15,500

 
$
4,039

Owner occupied term
87,385

 
3,738

Multifamily
60,508

 
—

Construction & development
566

 
3,515

Residential development
800

 
363

Commercial
 
 
 
Term
30,497

 
47,635

LOC & other
6,061

 
—

Residential
 
 
 
Mortgage
108,246

 
1,008

Home equity loans & lines
24,445

 
—

Consumer & other
7,344

 
—

Total
$
341,352

 
$
60,298
Non-Covered Non-Accrual Loans And Loans Past Due
The following table summarizes our non-accrual loans and leases and loans and leases past due by loan and lease class as of December 31, 2014 and December 31, 2013: 

(in thousands)
December 31, 2014
 
Greater Than
 
60 to 89
 
Greater Than
 
 
 
 
 
 
 
Total
 
30 to 59 Days
 
Days
 
90 Days and
 
Total
 
Non-
 
Current &
 
Loans
 
Past Due
 
Past Due
 
Accruing
 
Past Due
 
accrual
 
Other (1)
 
and Leases
Commercial real estate
 

 
 

 
 

 
 

 
 

 
 

 
 

Non-owner occupied term, net
$
452

 
$
—

 
$
283

 
$
735

 
$
8,957

 
$
3,280,918

 
$
3,290,610

Owner occupied term, net
2,304

 
347

 
—

 
2,651

 
8,292

 
2,622,921

 
2,633,864

Multifamily, net
—

 
512

 
—

 
512

 
300

 
2,637,806

 
2,638,618

Construction & development, net
1,091

 
—

 
—

 
1,091

 
—

 
257,631

 
258,722

Residential development, net
6,155

 
—

 
—

 
6,155

 
—

 
75,691

 
81,846

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
1,098

 
242

 
3

 
1,343

 
19,097

 
1,082,547

 
1,102,987

LOC & other, net
1,637

 
1,155

 
1,223

 
4,015

 
8,825

 
1,309,882

 
1,322,722

Leases and equipment finance, net
1,482

 
1,695

 
695

 
3,872

 
5,084

 
514,158

 
523,114

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net
8

 
1,224

 
4,289

 
5,521

 
655

 
2,227,559

 
2,233,735

Home equity loans & lines, net
1,924

 
702

 
749

 
3,375

 
615

 
848,488

 
852,478

Consumer & other, net
2,133

 
498

 
270

 
2,901

 
216

 
385,919

 
389,036

Total, net of deferred fees and costs
$
18,284

 
$
6,375

 
$
7,512

 
$
32,171

 
$
52,041

 
$
15,243,520

 
$
15,327,732


(1) Other includes purchased credit impaired loans of $562.9 million.

(in thousands) 
December 31, 2013
 
Greater Than
 
60 to 89
 
Greater Than
 
 
 
 
 
 
 
Total
 
30 to 59 Days
 
Days
 
90 Days and
 
Total
 
Non-
 
Current &
 
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

 
$
2,521,999

 
$
2,535,162

Owner occupied term, net
1,320

 
340

 
610

 
2,270

 
6,204

 
1,300,926

 
1,309,400

Multifamily, net
—

 
—

 
—

 
—

 
935

 
440,273

 
441,208

Construction & development, net
—

 
—

 
—

 
—

 
—

 
248,686

 
248,686

Residential development, net
—

 
—

 
—

 
—

 
2,801

 
92,898

 
95,699

Commercial
 
 
 
 
 

 
 
 
 
 
 
 

Term, net
901

 
1,436

 
—

 
2,337

 
8,723

 
775,504

 
786,564

LOC & other, net
619

 
224

 
—

 
843

 
1,222

 
991,993

 
994,058

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

 
—

 
616,055

 
619,517

Home equity loans & lines, net
473

 
563

 
160

 
1,196

 
—

 
282,710

 
283,906

Consumer & other, net
69

 
75

 
73

 
217

 
—

 
52,158

 
52,375

Total, net of deferred fees and costs
$
10,252

 
$
5,038

 
$
3,430

 
$
18,720

 
$
31,891

 
$
7,677,555

 
$
7,728,166


(1) Other includes purchased credit impaired loans of $358.7 million.
Non-Covered Impaired Loans
The following table summarizes our impaired loans, including average recorded investment and interest income recognized on impaired loans, by loan class for the years ended December 31, 2014 and 2013: 

(in thousands)
December 31, 2014
 
Unpaid
 
Recorded Investment
 
 
 
Principal
 
Without
 
With
 
Related
 
Balance
 
Allowance
 
Allowance
 
Allowance
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
42,793

 
$
16,916

 
$
22,190

 
$
502

Owner occupied term, net
16,339

 
8,290

 
7,655

 
364

Multifamily, net
4,040

 
300

 
3,519

 
49

Construction & development, net
2,655

 
—

 
1,091

 
7

Residential development, net
9,670

 
—

 
9,675

 
166

Commercial
 
 
 
 
 
 
 
Term, net
31,733

 
18,701

 
256

 
12

LOC & other, net
18,761

 
8,575

 
5,404

 
308

Residential
 
 
 
 
 
 
 
Mortgage, net
—

 
—

 
—

 
—

Home equity loans & lines, net
626

 
—

 
—

 
—

Consumer & other, net
152

 
—

 
—

 
—

Total, net of deferred fees and costs
$
126,769

 
$
52,782

 
$
49,790

 
$
1,408

 
 
(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

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




(in thousands)
December 31, 2014
 
December 31, 2013
 
Average
 
Interest
 
Average
 
Interest
 
Recorded
 
Income
 
Recorded
 
Income
 
Investment
 
Recognized
 
Investment
 
Recognized
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
50,589

 
$
1,619

 
$
63,274

 
$
1,512

Owner occupied term, net
12,781

 
282

 
7,462

 
205

Multifamily, net
2,954

 
145

 
765

 
—

Construction & development, net
6,156

 
44

 
13,919

 
484

Residential development, net
13,237

 
463

 
22,351

 
644

Commercial
 
 
 
 
 
 
 
Term, net
15,401

 
15

 
11,955

 
17

LOC & other, net
5,138

 
—

 
4,008

 
51

Residential
 
 
 
 
 
 
 
Mortgage, net
—

 
—

 
153

 
—

Home equity loans & lines, net
—

 
—

 
95

 
—

Consumer & other, net
26

 
—

 
1

 
—

Total, net of deferred fees and costs
$
106,282

 
$
2,568

 
$
123,983

 
$
2,913
Internal Risk Rating By Loan Class
The following table summarizes our internal risk rating by loan and lease class for the loan and lease portfolio as of December 31, 2014 and December 31, 2013: 
 (in thousands)
December 31, 2014
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
3,027,777

 
$
99,556

 
$
123,350

 
$
821

 
$
—

 
$
39,106

 
$
3,290,610

Owner occupied term, net
2,475,944

 
58,425

 
81,567

 
309

 
1,674

 
15,945

 
2,633,864

Multifamily, net
2,610,039

 
9,583

 
15,177

 
—

 
—

 
3,819

 
2,638,618

Construction & development, net
248,547

 
4,081

 
5,003

 
—

 
—

 
1,091

 
258,722

Residential development, net
68,789

 
963

 
2,419

 
—

 
—

 
9,675

 
81,846

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
1,055,728

 
12,661

 
15,219

 
198

 
224

 
18,957

 
1,102,987

LOC & other, net
1,281,628

 
17,665

 
9,082

 
280

 
88

 
13,979

 
1,322,722

Leases and equipment finance, net
513,104

 
2,554

 
3,809

 
3,255

 
392

 
—

 
523,114

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net
2,215,956

 
2,330

 
4,497

 
—

 
10,952

 
—

 
2,233,735

Home equity loans & lines, net
846,277

 
3,271

 
1,079

 
—

 
1,851

 
—

 
852,478

Consumer & other, net
385,754

 
2,717

 
198

 
—

 
367

 
—

 
389,036

Total, net of deferred fees and costs
$
14,729,543

 
$
213,806

 
$
261,400

 
$
4,863

 
$
15,548

 
$
102,572

 
$
15,327,732

(1) The percentage of impaired loans classified as pass/watch, special mention, substandard, doubtful, and loss was 5.6%, 15.1%, 77.9%, 0.1%, and 1.3% respectively, as of December 31, 2014.


(in thousands)
December 31, 2013
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
2,207,603

 
$
135,005

 
$
142,907

 
$
—

 
$
—

 
$
49,647

 
$
2,535,162

Owner occupied term, net
1,213,321

 
31,071

 
53,181

 
421

 
—

 
11,406

 
1,309,400

Multifamily, net
409,626

 
8,213

 
22,434

 
—

 
—

 
935

 
441,208

Construction & development, net
231,380

 
2,054

 
5,663

 
—

 
—

 
9,589

 
248,686

Residential development, net
67,513

 
2,060

 
8,329

 
94

 
—

 
17,703

 
95,699

Commercial
 
 
 
 
 
 
 
 
 
 
 
 


Term, net
722,723

 
26,548

 
27,983

 
287

 
—

 
9,023

 
786,564

LOC & other, net
955,826

 
25,222

 
10,530

 
—

 
—

 
2,480

 
994,058

Leases and equipment finance, net
351,971

 
4,585

 
1,706

 
2,996

 
333

 
—

 
361,591

Residential
 
 
 
 
 
 
 
 
 
 
 
 


Mortgage, net
616,039

 
1,405

 
743

 
—

 
1,330

 
—

 
619,517

Home equity loans & lines, net
282,490

 
1,038

 
242

 
—

 
136

 
—

 
283,906

Consumer & other, net
52,157

 
144

 
33

 
—

 
41

 
—

 
52,375

Total, net of deferred fees and costs
$
7,110,649

 
$
237,345

 
$
273,751

 
$
3,798

 
$
1,840

 
$
100,783

 
$
7,728,166

 
(1) The percentage of classified as pass/watch, special mention, and substandard was 6.4%, 3.7%, and 89.9%, respectively, as of December 31, 2013. 
Schedule Of Troubled Debt Restructurings
The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan class as of December 31, 2014 and December 31, 2013: 

(in thousands) 
December 31, 2014
 
Accrual
 
Non-Accrual
 
Total
 
Status
 
Status
 
Modifications
Commercial real estate, net
$
48,817

 
$
2,319

 
$
51,136

Commercial, net
5,404

 
9,541

 
14,945

Residential, net
615

 
—

 
615

Total, net of deferred fees and costs
$
54,836

 
$
11,860

 
$
66,696

 
(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 tables present newly restructured loans that occurred during the years ended December 31, 2014 and 2013: 
 
(in thousands)
December 31, 2014
 
Rate
 
Term
 
Interest Only
 
Payment
 
Combination
 
Total
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
Commercial real estate, net
$
—

 
$
2,332

 
$
—

 
$
—

 
$
3,519

 
$
5,851

Commercial, net
—

 
8,359

 
—

 
—

 
5,410

 
13,769

Residential, net
—

 
—

 
—

 
—

 
138

 
138

Consumer & other, net
—

 
—

 
—

 
—

 
—

 
—

Total, net of deferred fees and costs
$
—

 
$
10,691

 
$
—

 
$
—

 
$
9,067

 
$
19,758

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
Rate
 
Term
 
Interest Only
 
Payment
 
Combination
 
 
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Modifications
 
Total
Commercial real estate, net
$
—

 
$
—

 
$
4,291

 
$
—

 
$
—

 
$
4,291

Commercial, net
—

 
—

 
—

 
—

 
4,040

 
4,040

Residential, net
—

 
—

 
—

 
—

 
478

 
478

Consumer & other, net
—

 
—

 
—

 
—

 
—

 
—

Total, net of deferred fees and costs
$
—

 
$
—

 
$
4,291

 
$
—

 
$
4,518

 
$
8,809