Loans and Leases

3 Months Ended

Mar. 31, 2017

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 March 31, 2017 and December 31, 2016: 

(in thousands)	March 31,		December 31,
	2017		2016
Commercial real estate
Non-owner occupied term, net	$	3,410,914	$	3,330,442
Owner occupied term, net	2,584,183		2,599,055
Multifamily, net	2,885,164		2,858,956
Construction & development, net	471,007		463,625
Residential development, net	145,479		142,984
Commercial
Term, net	1,620,311		1,508,780
LOC & other, net	1,114,160		1,116,259
Leases and equipment finance, net	1,000,376		950,588
Residential
Mortgage, net	2,916,924		2,887,971
Home equity loans & lines, net	1,015,138		1,011,844
Consumer & other, net	665,982		638,159
Total loans and leases, net of deferred fees and costs	$	17,829,638	$	17,508,663

The loan balances are net of deferred fees and costs of $70.2 million and $67.7 million as of March 31, 2017 and December 31, 2016, respectively. Net loans also include discounts on acquired loans of $31.8 million and $41.3 million as of March 31, 2017 and December 31, 2016, respectively. As of March 31, 2017, loans totaling $10.4 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 $340.6 million and $368.2 million at March 31, 2017 and December 31, 2016, respectively. The carrying balance of purchased impaired loans was $260.3 million and $280.4 million at March 31, 2017 and December 31, 2016, respectively.

The following table presents the changes in the accretable yield for purchased impaired loans for the three months ended March 31, 2017 and 2016:

(in thousands)	Three Months Ended
	March 31,
	2017			2016
Balance, beginning of period	$	95,579		$	132,829
Accretion to interest income	(8,912		)	(14,198		)
Disposals	(3,287		)	(8,513		)
Reclassifications from nonaccretable difference	3,391			4,217
Balance, end of period	$	86,771		$	114,335

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 months ended March 31, 2017 and 2016: 

(in thousands)	Three Months Ended
	March 31,
	2017		2016
Commercial real estate
Non-owner occupied term, net	$	1,707	$	8,509
Owner occupied term, net	6,675		9,661
Multifamily, net	—		129,430
Commercial
Term, net	2,630		1,494
Leases and equipment finance, net	12,493		—
Total	$	23,505	$	149,094