Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information 

The Company operates two primary segments: Community Banking and Home Lending. 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 June 30, 2016, the Community Banking segment operated 366 locations throughout Oregon, Washington, California, Idaho, and Nevada.

The Home Lending segment, which operates as a division of the Bank, originates, sells and services residential mortgage loans. Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables: 

(in thousands)	Three Months Ended June 30, 2016
	Community		Home
	Banking		Lending			Consolidated
Interest income	$	195,594	$	29,859		$	225,453
Interest expense	14,404		1,851			16,255
Net interest income	181,190		28,008			209,198
Provision (recapture) for loan and lease losses	11,493		(904		)	10,589
Non-interest income	33,714		40,945			74,659
Non-interest expense	153,987		34,524			188,511
Income before income taxes	49,424		35,333			84,757
Provision for income taxes	17,768		12,702			30,470
Net income	$	31,656	$	22,631		$	54,287
(in thousands)	Six Months Ended June 30, 2016
	Community		Home
	Banking		Lending			Consolidated
Interest income	$	400,120	$	59,397		$	459,517
Interest expense	28,939		3,678			32,617
Net interest income	371,181		55,719			426,900
Provision (recapture) for loan and lease losses	17,473		(2,061		)	15,412
Non-interest income	63,922		56,688			120,610
Non-interest expense	309,361		63,139			372,500
Income before income taxes	108,269		51,329			159,598
Provision for income taxes	39,171		18,571			57,742
Net income	$	69,098	$	32,758		$	101,856

(in thousands)	Three Months Ended June 30, 2015
	Community		Home
	Banking		Lending		Consolidated
Interest income	$	206,007	$	25,781	$	231,788
Interest expense	12,192		2,130		14,322
Net interest income	193,815		23,651		217,466
Provision for loan and lease losses	9,344		1,910		11,254
Non-interest income	33,573		47,529		81,102
Non-interest expense	169,136		32,782		201,918
Income before income taxes	48,908		36,488		85,396
Provision for income taxes	17,549		13,063		30,612
Net income	$	31,359	$	23,425	$	54,784
	Six Months Ended June 30, 2015
	Community		Home
	Banking		Lending		Consolidated
Interest income	$	412,846	$	48,013	$	460,859
Interest expense	24,211		4,063		28,274
Net interest income	388,635		43,950		432,585
Provision for loan and lease losses	21,773		2,118		23,891
Non-interest income	62,838		82,169		145,007
Non-interest expense	333,882		60,655		394,537
Income before income taxes	95,818		63,346		159,164
Provision for income taxes	33,743		23,508		57,251
Net income	$	62,075	$	39,838	$	101,913

(in thousands)	June 30, 2016
	Community		Home
	Banking		Lending		Consolidated
Total assets	$	20,812,211	$	3,320,296	$	24,132,507
Total loans and leases	$	14,723,290	$	2,631,950	$	17,355,240
Total deposits	$	18,003,950	$	254,524	$	18,258,474

(in thousands)	December 31, 2015
	Community		Home
	Banking		Lending		Consolidated
Total assets	$	20,214,498	$	3,191,883	$	23,406,381
Total loans and leases	$	14,183,919	$	2,682,617	$	16,866,536
Total deposits	$	17,689,815	$	17,374	$	17,707,189