Loans and Leases

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Loans and Leases

Loans and Leases

The following table presents the major types of loans and leases, net of deferred fees and costs, as of September 30, 2016 and December 31, 2015: 

(in thousands)	September 30,		December 31,
	2016		2015
Commercial real estate
Non-owner occupied term, net	$	3,280,660	$	3,226,836
Owner occupied term, net	2,573,942		2,582,874
Multifamily, net	2,968,019		3,151,516
Construction & development, net	388,934		271,119
Residential development, net	127,447		99,459
Commercial
Term, net	1,480,173		1,408,676
LOC & other, net	1,142,946		1,036,733
Leases and equipment finance, net	927,857		729,161
Residential
Mortgage, net	2,868,337		2,909,306
Home equity loans & lines, net	1,008,219		923,667
Consumer & other, net	625,517		527,189
Total loans and leases, net of deferred fees and costs	$	17,392,051	$	16,866,536

The loan balances are net of deferred fees and costs of $66.8 million and $47.0 million as of September 30, 2016 and December 31, 2015, respectively. Net loans also include discounts on acquired loans of $52.9 million and $105.6 million as of September 30, 2016 and December 31, 2015, respectively. As of September 30, 2016, loans totaling $10.3 billion were pledged to secure borrowings and available lines of credit.

The outstanding contractual unpaid principal balance of purchased impaired loans, excluding acquisition accounting adjustments, was $413.1 million and $540.4 million at September 30, 2016 and December 31, 2015, respectively. The carrying balance of purchased impaired loans was $301.3 million and $438.1 million at September 30, 2016 and December 31, 2015, respectively.

The following table presents the changes in the accretable yield for purchased impaired loans for the three and nine months ended September 30, 2016 and 2015:

(in thousands)	Three Months Ended
	September 30,
	2016			2015
Balance, beginning of period	$	111,379		$	165,362
Accretion to interest income	(11,042		)	(14,432		)
Disposals	(4,209		)	(6,569		)
Reclassifications from nonaccretable difference	4,931			5,285
Balance, end of period	$	101,059		$	149,646
	Nine months ended
	September 30,
	2016			2015
Balance, beginning of period	$	132,829		$	201,699
Accretion to interest income	(35,217		)	(42,864		)
Disposals	(15,470		)	(21,825		)
Reclassifications from nonaccretable difference	18,917			12,636
Balance, end of period	$	101,059		$	149,646

Loans and leases sold 

In the course of managing the loan and lease portfolio, at certain times, management may decide to sell loans and leases.  The following table summarizes the carrying value of loans and leases sold by major loan type during the three and nine months ended September 30, 2016 and 2015: 

(in thousands)	Three Months Ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
Commercial real estate
Non-owner occupied term, net	$	1,340	$	—	$	18,614	$	7,181
Owner occupied term, net	10,380		20,003		28,283		39,963
Multifamily, net	49		—		129,879		435
Commercial
Term, net	1,809		1,079		4,729		4,499
Residential
Mortgage, net	103,465		54,938		239,196		173,371
Total	$	117,043	$	76,020	$	420,701	$	225,449