Allowance for Loan and Lease Loss and Credit Quality (Tables)

9 Months Ended

Sep. 30, 2015

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 three and nine months ended September 30, 2015 and 2014:



(in thousands)	Three Months Ended September 30, 2015
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	58,164		$	45,697		$	17,964		$	5,246		$	127,071
Charge-offs	(2,789		)	(3,266		)	(171		)	(2,250		)	(8,476		)
Recoveries	960			1,360			281			784			3,385
Provision	1,878			2,823			1,186			2,266			8,153
Balance, end of period	$	58,213		$	46,614		$	19,260		$	6,046		$	130,133

	Three Months Ended September 30, 2014
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	56,920		$	35,426		$	11,953		$	2,196		$	106,495
Charge-offs	(1,104		)	(4,424		)	(727		)	(1,269		)	(7,524		)
Recoveries	393			1,412			49			477			2,331
Provision	430			8,817			1,697			3,389			14,333
Balance, end of period	$	56,639		$	41,231		$	12,972		$	4,793		$	115,635




(in thousands)	Nine Months Ended September 30, 2015
	Commercial									Consumer
	Real Estate			Commercial			Residential			& Other			Total
Balance, beginning of period	$	55,184		$	41,216		$	15,922		$	3,845		$	116,167
Charge-offs	(5,618		)	(11,544		)	(617		)	(10,684		)	(28,463		)
Recoveries	2,448			3,544			420			3,973			10,385
Provision	6,199			13,398			3,535			8,912			32,044
Balance, end of period	$	58,213		$	46,614		$	19,260		$	6,046		$	130,133

	Nine Months Ended September 30, 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	(4,674		)	(13,105		)	(1,473		)	(1,838		)	(21,090		)
Recoveries	1,993			3,618			351			678			6,640
Provision (recapture)	(218		)	23,690			6,607			4,921			35,000
Balance, end of period	$	56,639		$	41,231		$	12,972		$	4,793		$	115,635

Provision expense includes amounts related to subsequent deterioration of purchased impaired loans of $279,000 and $1.9 million for the three and nine months ended September 30, 2015, respectively, and $242,000 and $1.3 million for the three and nine months ended September 30, 2014, respectively.

The valuation allowance on purchased impaired loans was reduced by recaptured provision of $2.2 million and $2.4 million for the three and nine months ended September 30, 2015, respectively, and $311,000 and $1.6 million for the three and nine months ended September 30, 2014, respectively.

The following table presents the allowance and recorded investment in loans and leases by portfolio segment as of September 30, 2015 and 2014:



(in thousands)	September 30, 2015
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for loans and leases:
Collectively evaluated for impairment	$	54,660	$	46,087	$	18,577	$	5,978	$	125,302
Individually evaluated for impairment	533		390		—		—		923
Loans acquired with deteriorated credit quality	3,020		137		683		68		3,908
Total	$	58,213	$	46,614	$	19,260	$	6,046	$	130,133
Loans and leases:
Collectively evaluated for impairment	$	8,741,621	$	3,050,922	$	3,589,753	$	497,107	$	15,879,403
Individually evaluated for impairment	34,734		25,709		—		—		60,443
Loans acquired with deteriorated credit quality	371,019		15,271		60,762		1,036		448,088
Total	$	9,147,374	$	3,091,902	$	3,650,515	$	498,143	$	16,387,934



(in thousands)	September 30, 2014
	Commercial						Consumer
	Real Estate		Commercial		Residential		& Other		Total
Allowance for loans and leases:
Collectively evaluated for impairment	$	51,283	$	38,681	$	12,239	$	4,722	$	106,925
Individually evaluated for impairment	1,156		13		—		—		1,169
Loans acquired with deteriorated credit quality	4,200		2,537		733		71		7,541
Total	$	56,639	$	41,231	$	12,972	$	4,793	$	115,635
Loans and leases:
Collectively evaluated for impairment	$	8,388,827	$	2,898,567	$	2,864,076	$	365,335	$	14,516,805
Individually evaluated for impairment	85,804		20,445		—		128		106,377
Loans acquired with deteriorated credit quality	522,068		37,608		74,311		2,032		636,019
Total	$	8,996,699	$	2,956,620	$	2,938,387	$	367,495	$	15,259,201

Schedule of Reserve for Unfunded Commitments

The following table presents a summary of activity in the RUC and unfunded commitments for the three and nine months ended September 30, 2015 and 2014:



(in thousands)	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2015		2014			2015			2014
Balance, beginning of period	$	2,864	$	4,845		$	3,539		$	1,436
Net change to other expense	217		(457		)	(458		)	(1,014		)
Acquired reserve	—		—			—			3,966
Balance, end of period	$	3,081	$	4,388		$	3,081		$	4,388



(in thousands)
	Total
Unfunded loan and lease commitments:
September 30, 2015	$	3,454,473
September 30, 2014	$	2,949,211

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 September 30, 2015 and December 31, 2014:



(in thousands)	September 30, 2015
	Greater than 30 to 59 Days Past Due		60 to 89 Days Past Due		Greater than 90 Days and Accruing		Total Past Due		Non-Accrual		Current & Other (1)		Total Loans and Leases
Commercial real estate
Non-owner occupied term, net	$	3,299	$	5,264	$	177	$	8,740	$	2,769	$	3,136,779	$	3,148,288
Owner occupied term, net	5,156		990		596		6,742		6,195		2,642,403		2,655,340
Multifamily, net	—		—		—		—		—		2,961,609		2,961,609
Construction & development, net	918		—		—		918		—		286,839		287,757
Residential development, net	—		—		12		12		—		94,368		94,380
Commercial
Term, net	7		101		81		189		17,038		1,381,119		1,398,346
LOC & other, net	172		334		6		512		797		1,013,214		1,014,523
Leases and equipment finance, net	2,546		2,206		892		5,644		4,190		669,199		679,033
Residential
Mortgage, net	—		1,675		6,079		7,754		—		2,732,474		2,740,228
Home equity loans & lines, net	1,152		1,809		1,773		4,734		—		905,553		910,287
Consumer & other, net	2,608		682		351		3,641		—		494,502		498,143
Total, net of deferred fees and costs	$	15,858	$	13,061	$	9,967	$	38,886	$	30,989	$	16,318,059	$	16,387,934

(1) Other includes purchased credit impaired loans of $448.1 million.



(in thousands)	December 31, 2014
	Greater than 30 to 59 Days Past Due		60 to 89 Days Past Due		Greater than 90 Days and Accruing		Total Past Due		Non-Accrual		Current & Other (1)		Total Loans 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		1,375,649		1,396,089
LOC & other, net	1,637		1,155		1,223		4,015		8,825		1,016,780		1,029,620
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

Non-Covered Impaired Loans

The following table summarizes our impaired loans by loan class as of September 30, 2015 and December 31, 2014:



(in thousands)	September 30, 2015
	Unpaid		Recorded Investment
	Principal		Without		With		Related
	Balance		Allowance		Allowance		Allowance
Commercial real estate
Non-owner occupied term, net	$	10,753	$	2,332	$	7,975	$	148
Owner occupied term, net	11,864		4,898		6,942		211
Multifamily, net	3,519		—		3,519		68
Construction & development, net	1,091		—		1,091		11
Residential development, net	7,974		—		7,977		95
Commercial
Term, net	27,526		19,621		2,932		216
LOC & other, net	3,512		795		2,361		174
Residential
Mortgage, net	—		—		—		—
Home equity loans & lines, net	—		—		—		—
Consumer & other, net	—		—		—		—
Total, net of deferred fees and costs	$	66,239	$	27,646	$	32,797	$	923



(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

The following table summarizes our average recorded investment and interest income recognized on impaired loans by loan class for the three and nine months ended September 30, 2015 and 2014:



(in thousands)	Three Months Ended				Three Months Ended
	September 30, 2015				September 30, 2014
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
Commercial real estate
Non-owner occupied term, net	$	10,356	$	67	$	55,246	$	573
Owner occupied term, net	11,577		49		11,686		79
Multifamily, net	3,519		32		4,830		113
Construction & development, net	1,091		6		5,288		11
Residential development, net	8,018		67		12,190		124
Commercial
Term, net	24,272		39		18,381		4
LOC & other, net	3,473		19		3,478		13
Residential
Mortgage, net	—		—		—		—
Home equity loans & lines, net	—		—		—		—
Consumer & other, net	—		—		64		—
Total, net of deferred fees and costs	$	62,306	$	279	$	111,163	$	917




(in thousands)	Nine Months Ended				Nine Months Ended
	September 30, 2015				September 30, 2014
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
Commercial real estate
Non-owner occupied term, net	$	24,213	$	569	$	53,460	$	1,532
Owner occupied term, net	13,592		198		11,989		231
Multifamily, net	3,594		93		2,737		113
Construction & development, net	1,091		43		7,423		33
Residential development, net	8,820		256		14,128		373
Commercial
Term, net	22,089		153		14,512		12
LOC & other, net	6,982		132		2,928		38
Leases, net	—		—		—		—
Residential
Mortgage, net	—		—		—		—
Home equity loans & lines, net	—		7		—		—
Consumer & other, net	—		—		32		—
Total, net of deferred fees and costs	$	80,381	$	1,451	$	107,209	$	2,332

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 September 30, 2015 and December 31, 2014:



(in thousands)	September 30, 2015
	Pass/Watch		Special Mention		Substandard		Doubtful		Loss		Impaired (1)		Total
Commercial real estate
Non-owner occupied term, net	$	2,947,350	$	96,196	$	93,975	$	309	$	151	$	10,307	$	3,148,288
Owner occupied term, net	2,505,149		57,875		77,522		818		2,136		11,840		2,655,340
Multifamily, net	2,935,017		6,668		16,405		—		—		3,519		2,961,609
Construction & development, net	279,830		3,705		3,131		—		—		1,091		287,757
Residential development, net	84,548		402		1,453		—		—		7,977		94,380
Commercial
Term, net	1,342,019		25,180		8,051		241		302		22,553		1,398,346
LOC & other, net	982,591		9,168		19,588		2		18		3,156		1,014,523
Leases and equipment finance, net	669,200		2,546		2,206		4,571		510		—		679,033
Residential
Mortgage, net	2,725,712		2,776		2,206		—		9,534		—		2,740,228
Home equity loans & lines, net	903,813		3,609		871		—		1,994		—		910,287
Consumer & other, net	494,459		3,299		191		—		194		—		498,143
Total, net of deferred fees and costs	$	15,869,688	$	211,424	$	225,599	$	5,941	$	14,839	$	60,443	$	16,387,934

(1) The percentage of impaired loans classified as pass/watch, special mention, substandard, doubtful, and loss was 4.0%, 4.0%, 91.7%, 0.3% and 0.0% respectively, as of September 30, 2015.



(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	1,346,148		12,661		17,901		198		224		18,957		1,396,089
LOC & other, net	991,209		17,665		6,399		280		88		13,979		1,029,620
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	$	14,729,544	$	213,806	$	261,399	$	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.

Schedule Of Troubled Debt Restructurings

The following table presents newly restructured loans that occurred during the three and nine months ended September 30, 2015 and 2014:



(in thousands)	Three Months Ended September 30, 2015
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications

Commercial real estate, net	$	—	$	—	$	—	$	—	$	1,374	$	1,374
Commercial, net	—		—		—		—		8,388		8,388
Residential, net	—		—		—		—		185		185
Total, net of deferred fees and costs	$	—	$	—	$	—	$	—	$	9,947	$	9,947

	Three Months Ended September 30, 2014
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications
Commercial real estate, net	$	—	$	1,088	$	—	$	—	$	—	$	1,088
Total, net of deferred fees and costs	$	—	$	1,088	$	—	$	—	$	—	$	1,088




	Nine Months Ended September 30, 2015
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications

Commercial real estate, net	$	—	$	—	$	—	$	—	$	1,374	$	1,374
Commercial, net	—		—		—		—		11,737		11,737
Residential, net	—		74		—		—		3,241		3,315
Total, net of deferred fees and costs	$	—	$	74	$	—	$	—	$	16,352	$	16,426

(in thousands)	Nine Months Ended September 30, 2014
	Rate		Term		Interest Only		Payment		Combination		Total
	Modifications		Modifications		Modifications		Modifications		Modifications		Modifications

Commercial real estate, net	$	—	$	2,332	$	—	$	—	$	3,519	$	5,851
Residential, net	—		—		—		—		138		138
Total, net of deferred fees and costs	$	—	$	2,332	$	—	$	—	$	3,657	$	5,989

The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan class as of September 30, 2015 and December 31, 2014:



(in thousands)	September 30, 2015
	Accrual		Non-Accrual		Total
	Status		Status		Modifications
Commercial real estate, net	$	23,467	$	1,374	$	24,841
Commercial, net	8,631		9,875		18,506
Residential, net	3,608		—		3,608
Total, net of deferred fees and costs	$	35,706	$	11,249	$	46,955



(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