Loans and Leases

6 Months Ended

Jun. 30, 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 June 30, 2017 and December 31, 2016: 

(in thousands)	June 30,		December 31,
	2017		2016
Commercial real estate
Non-owner occupied term, net	$	3,401,679	$	3,330,442
Owner occupied term, net	2,593,395		2,599,055
Multifamily, net	2,964,851		2,858,956
Construction & development, net	464,690		463,625
Residential development, net	165,956		142,984
Commercial
Term, net	1,686,597		1,508,780
LOC & other, net	1,153,409		1,116,259
Leases and equipment finance, net	1,082,651		950,588
Residential
Mortgage, net	3,021,331		2,887,971
Home equity loans & lines, net	1,056,848		1,011,844
Consumer & other, net	729,735		638,159
Total loans and leases, net of deferred fees and costs	$	18,321,142	$	17,508,663

The loan balances are net of deferred fees and costs of $73.7 million and $67.7 million as of June 30, 2017 and December 31, 2016, respectively. Net loans also include discounts on acquired loans of $22.6 million and $41.3 million as of June 30, 2017 and December 31, 2016, respectively. As of June 30, 2017, loans totaling $10.6 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 $308.4 million and $368.2 million at June 30, 2017 and December 31, 2016, respectively. The carrying balance of purchased impaired loans was $235.7 million and $280.4 million at June 30, 2017 and December 31, 2016, respectively.

The following tables present the changes in the accretable yield for purchased impaired loans for the three and six months ended June 30, 2017 and 2016:

(in thousands)	Three Months Ended
	June 30,
	2017			2016
Balance, beginning of period	$	86,771		$	114,335
Accretion to interest income	(9,219		)	(9,977		)
Disposals	(4,262		)	(2,748		)
Reclassifications from nonaccretable difference	9,016			9,769
Balance, end of period	$	82,306		$	111,379
	Six Months Ended
	June 30,
	2017			2016
Balance, beginning of period	$	95,579		$	132,829
Accretion to interest income	(18,131		)	(24,175		)
Disposals	(7,549		)	(11,261		)
Reclassifications from nonaccretable difference	12,407			13,986
Balance, end of period	$	82,306		$	111,379

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 six months ended June 30, 2017 and 2016: 

(in thousands)	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Commercial real estate
Non-owner occupied term, net	$	2,216	$	8,765	$	3,923	$	17,274
Owner occupied term, net	20,547		8,242		27,222		17,903
Multifamily, net	—		400		—		129,830
Commercial
Term, net	3,887		1,426		6,517		2,920
Leases and equipment finance, net	14,620		—		27,113		—
Residential
Mortgage, net	28,793		135,731		28,793		135,731
Total	$	70,063	$	154,564	$	93,568	$	303,658