Loans and Leases

3 Months Ended

Mar. 31, 2018

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, 2018 and December 31, 2017: 

(in thousands)	March 31, 2018		December 31, 2017
Commercial real estate
Non-owner occupied term, net	$	3,526,221	$	3,491,137
Owner occupied term, net	2,476,287		2,488,251
Multifamily, net	3,131,275		3,087,792
Construction & development, net	522,680		540,707
Residential development, net	179,871		165,865
Commercial
Term, net	2,025,213		1,944,987
Lines of credit & other, net	1,147,028		1,166,173
Leases and equipment finance, net	1,228,709		1,167,503
Residential
Mortgage, net	3,283,945		3,192,185
Home equity loans & lines, net	1,107,822		1,103,297
Consumer & other, net	685,538		732,287
Total loans and leases, net of deferred fees and costs	$	19,314,589	$	19,080,184

The loan balances are net of deferred fees and costs of $73.7 million and $73.3 million as of March 31, 2018 and December 31, 2017, respectively. Net loans also include discounts on acquired loans of $5.6 million and $9.5 million as of March 31, 2018 and December 31, 2017, respectively. As of March 31, 2018, loans totaling $12.3 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 $231.0 million and $252.5 million at March 31, 2018 and December 31, 2017, respectively. The carrying balance of purchased impaired loans was $173.5 million and $189.1 million at March 31, 2018 and December 31, 2017, respectively.

The following table presents the changes in the accretable yield for purchased impaired loans for the three months ended March 31, 2018 and 2017:

(in thousands)	Three Months Ended
	March 31, 2018			March 31, 2017
Balance, beginning of period	$	74,268		$	95,579
Accretion to interest income	(8,778		)	(8,912		)
Disposals	(5,016		)	(3,287		)
Reclassifications from non-accretable difference	6,203			3,391
Balance, end of period	$	66,677		$	86,771

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, 2018 and 2017: 

(in thousands)	Three Months Ended
	March 31, 2018		March 31, 2017
Commercial real estate
Non-owner occupied term, net	$	4,391	$	1,707
Owner occupied term, net	5,550		6,675
Commercial
Term, net	10,458		2,630
Leases and equipment finance, net	—		12,493
Total	$	20,399	$	23,505