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Allowance for Loan and Lease Loss and Credit Quality (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Activity In The Non-Covered Allowance For Loan And Lease Losses
The following tables summarize activity related to the allowance for loan and lease losses by loan and lease portfolio segment for the three months ended March 31, 2018 and 2017: 
(in thousands)
Three Months Ended March 31, 2018
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Balance, beginning of period
$
45,765

 
$
63,305

 
$
19,360

 
$
12,178

 
$
140,608

Charge-offs
(311
)
 
(13,475
)
 
(246
)
 
(1,780
)
 
(15,812
)
Recoveries
217

 
2,453

 
203

 
608

 
3,481

Provision
334

 
12,343

 
516

 
463

 
13,656

Balance, end of period
$
46,005

 
$
64,626

 
$
19,833

 
$
11,469

 
$
141,933

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2017
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Balance, beginning of period
$
47,795

 
$
58,840

 
$
17,946

 
$
9,403

 
$
133,984

Charge-offs
(339
)
 
(10,104
)
 
(210
)
 
(2,349
)
 
(13,002
)
Recoveries
400

 
2,030

 
197

 
1,011

 
3,638

  Provision
1,150

 
8,351

 
33

 
2,138

 
11,672

Balance, end of period
$
49,006

 
$
59,117

 
$
17,966

 
$
10,203

 
$
136,292

 
 
 
 
 
 
 
 
 
 
The following tables present the allowance and recorded investment in loans and leases by portfolio segment and balances individually or collectively evaluated for impairment as of March 31, 2018 and 2017: 
 (in thousands)
March 31, 2018
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Allowance for loans and leases:
Collectively evaluated for impairment
$
43,546

 
$
64,203

 
$
19,451

 
$
11,428

 
$
138,628

Individually evaluated for impairment
600

 
5

 
—

 
—

 
605

Loans acquired with deteriorated credit quality
1,859

 
418

 
382

 
41

 
2,700

Total
$
46,005

 
$
64,626

 
$
19,833

 
$
11,469

 
$
141,933

Loans and leases:
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
9,672,055

 
$
4,372,824

 
$
4,359,153

 
$
685,124

 
$
19,089,156

Individually evaluated for impairment
27,898

 
24,043

 
—

 
—

 
51,941

Loans acquired with deteriorated credit quality
136,381

 
4,083

 
32,614

 
414

 
173,492

Total
$
9,836,334

 
$
4,400,950

 
$
4,391,767

 
$
685,538

 
$
19,314,589

 
 (in thousands)
March 31, 2017
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Allowance for loans and leases:
Collectively evaluated for impairment
$
45,722

 
$
58,763

 
$
17,374

 
$
10,146

 
$
132,005

Individually evaluated for impairment
735

 
7

 
—

 
—

 
742

Loans acquired with deteriorated credit quality
2,549

 
347

 
592

 
57

 
3,545

Total
$
49,006

 
$
59,117

 
$
17,966

 
$
10,203

 
$
136,292

Loans and leases:
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
9,243,447

 
$
3,714,197

 
$
3,890,613

 
$
665,412

 
$
17,513,669

Individually evaluated for impairment
40,353

 
15,357

 
—

 
—

 
55,710

Loans acquired with deteriorated credit quality
212,947

 
5,293

 
41,449

 
570

 
260,259

Total
$
9,496,747

 
$
3,734,847

 
$
3,932,062

 
$
665,982

 
$
17,829,638

 
Schedule of Reserve for Unfunded Commitments
The following tables present a summary of activity in the RUC and unfunded commitments 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
$
3,963

 
$
3,611

Net charge to other expense
166

 
(116
)
Balance, end of period
$
4,129

 
$
3,495


 (in thousands)
 
Total
Unfunded loan and lease commitments:
 
 
March 31, 2018
 
$
5,085,021

March 31, 2017
 
$
4,215,048
Non-Covered Non-Accrual Loans And Loans Past Due
The following tables summarize our non-accrual loans and leases and loans and leases past due, by loan and lease class, as of March 31, 2018 and December 31, 2017: 
(in thousands)
March 31, 2018
 
Greater than 30 to 59 Days Past Due
 
60 to 89 Days Past Due
 
90+ Days and Accruing
 
Total Past Due
 
 Non-Accrual
 
Current & Other (1)
 
Total Loans and Leases
Commercial real estate
 

 
 

 
 

 
 

 
 

 
 

 
 

Non-owner occupied term, net
$
2,398

 
$
477

 
$
—

 
$
2,875

 
$
2,364

 
$
3,520,982

 
$
3,526,221

Owner occupied term, net
3,083

 
—

 
—

 
3,083

 
12,341

 
2,460,863

 
2,476,287

Multifamily, net
161

 
—

 
—

 
161

 
344

 
3,130,770

 
3,131,275

Construction & development, net
—

 
—

 
—

 
—

 
—

 
522,680

 
522,680

Residential development, net
—

 
—

 
—

 
—

 
—

 
179,871

 
179,871

Commercial
 
 
 
 
 
 
 
 
 
 
 
 

Term, net
1,891

 
51

 
—

 
1,942

 
14,331

 
2,008,940

 
2,025,213

Lines of credit & other, net
941

 
64

 
—

 
1,005

 
3,088

 
1,142,935

 
1,147,028

Leases and equipment finance, net
11,223

 
7,169

 
—

 
18,392

 
13,307

 
1,197,010

 
1,228,709

Residential
 
 
 
 
 
 
 
 
 
 
 
 

Mortgage, net (2)
4,985

 
1,955

 
29,111

 
36,051

 
—

 
3,247,894

 
3,283,945

Home equity loans & lines, net
1,252

 
454

 
2,386

 
4,092

 
—

 
1,103,730

 
1,107,822

Consumer & other, net
1,979

 
567

 
257

 
2,803

 
—

 
682,735

 
685,538

Total, net of deferred fees and costs
$
27,913

 
$
10,737

 
$
31,754

 
$
70,404

 
$
45,775

 
$
19,198,410

 
$
19,314,589


(1) Other includes purchased credit impaired loans of $173.5 million.
(2) Includes government guaranteed GNMA mortgage loans that Umpqua has the right but not the obligation to repurchase that are past due 90 days or more, totaling $6.3 million at March 31, 2018.
 (in thousands)
December 31, 2017
 
Greater than 30 to 59 Days Past Due
 
60 to 89 Days Past Due
 
90+ Days and Accruing
 
Total Past Due
 
 Non-Accrual
 
Current & Other (1)
 
Total Loans and Leases
Commercial real estate
 

 
 

 
 

 
 

 
 

 
 

 
 

Non-owner occupied term, net
$
207

 
$
2,097

 
$
—

 
$
2,304

 
$
4,578

 
$
3,484,255

 
$
3,491,137

Owner occupied term, net
4,997

 
2,015

 
71

 
7,083

 
13,870

 
2,467,298

 
2,488,251

Multifamily, net
—

 
—

 
—

 
—

 
355

 
3,087,437

 
3,087,792

Construction & development, net
—

 
—

 
—

 
—

 
—

 
540,707

 
540,707

Residential development, net
—

 
—

 
—

 
—

 
—

 
165,865

 
165,865

Commercial
 
 
 
 
 

 

 
 
 
 
 
 
Term, net
597

 
1,076

 
—

 
1,673

 
14,686

 
1,928,628

 
1,944,987

Lines of credit & other, net
1,263

 
—

 
401

 
1,664

 
6,402

 
1,158,107

 
1,166,173

Leases and equipment finance, net
8,494

 
10,133

 
2,857

 
21,484

 
11,574

 
1,134,445

 
1,167,503

Residential
 
 
 
 
 
 

 
 
 
 
 
 
Mortgage, net (2)
—

 
6,716

 
36,977

 
43,693

 
—

 
3,148,492

 
3,192,185

Home equity loans & lines, net
2,004

 
285

 
2,587

 
4,876

 
—

 
1,098,421

 
1,103,297

Consumer & other, net
3,116

 
870

 
529

 
4,515

 
—

 
727,772

 
732,287

Total, net of deferred fees and costs
$
20,678

 
$
23,192

 
$
43,422

 
$
87,292

 
$
51,465

 
$
18,941,427

 
$
19,080,184


(1) Other includes purchased credit impaired loans of $189.1 million.
(2) Includes government guaranteed GNMA mortgage loans that Umpqua has the right but not the obligation to repurchase that are past due 90 days or more, totaling $12.4 million at December 31, 2017.
Non-Covered Impaired Loans
The following tables summarize our impaired loans by loan class as of March 31, 2018 and December 31, 2017: 
(in thousands)
March 31, 2018
 

 
Recorded Investment
 
 
 
Unpaid Principal Balance
 
Without Allowance
 
With Allowance
 
Related Allowance
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
13,409

 
$
45

 
$
13,280

 
$
396

Owner occupied term, net
11,381

 
9,782

 
928

 
99

Multifamily, net
3,989

 
344

 
3,519

 
105

Commercial
 
 
 
 
 
 
 
Term, net
27,448

 
18,490

 
2,340

 
5

Lines of credit & other, net
7,487

 
3,069

 
—

 
—

Leases and equipment finance, net
144

 
144

 
—

 
—

Total, net of deferred fees and costs
$
63,858

 
$
31,874

 
$
20,067

 
$
605

 
(in thousands)
December 31, 2017
 
 
 
Recorded Investment
 
 
 
Unpaid Principal Balance
 
Without Allowance
 
With Allowance
 
Related Allowance
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
15,930

 
$
2,603

 
$
13,310

 
$
314

Owner occupied term, net
12,775

 
11,272

 
940

 
94

Multifamily, net
3,994

 
355

 
3,519

 
123

Commercial
 
 
 
 
 
 
 
Term, net
28,117

 
19,084

 
2,510

 
4

Lines of credit & other, net
8,018

 
6,383

 
—

 
—

Total, net of deferred fees and costs
$
68,834

 
$
39,697

 
$
20,279

 
$
535

The following table summarizes our average recorded investment and interest income recognized on impaired loans by loan class for the three months ended March 31, 2018 and 2017: 
(in thousands) 
Three Months Ended
 
Three Months Ended
 
March 31, 2018
 
March 31, 2017
 
Average Recorded Investment
 
Interest Income Recognized
 
Average Recorded Investment
 
Interest Income Recognized
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
14,620

 
$
102

 
$
15,735

 
$
149

Owner occupied term, net
11,461

 
10

 
8,952

 
61

Multifamily, net
3,868

 
30

 
3,939

 
30

Construction & development, net
—

 
—

 
1,312

 
11

Residential development, net
—

 
—

 
7,445

 
75

Commercial
 
 
 
 
 
 
 
Term, net
21,212

 
89

 
12,827

 
35

Lines of credit & other, net
4,726

 
—

 
4,966

 
12

Leases and equipment finance, net
72

 
—

 
232

 
—

Total, net of deferred fees and costs
$
55,959

 
$
231

 
$
55,408

 
$
373

 
 
 
 
 
 
 
 
Internal Risk Rating By Loan Class
The following tables summarize our internal risk rating by loan and lease class for the loan and lease portfolio, including purchased credit impaired loans, as of March 31, 2018 and December 31, 2017: 
(in thousands)
March 31, 2018
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
3,438,686

 
$
41,494

 
$
32,609

 
$
107

 
$
—

 
$
13,325

 
$
3,526,221

Owner occupied term, net
2,398,088

 
40,054

 
27,239

 
—

 
196

 
10,710

 
2,476,287

Multifamily, net
3,101,489

 
13,298

 
12,625

 
—

 
—

 
3,863

 
3,131,275

Construction & development, net
518,676

 
1,833

 
2,171

 
—

 
—

 
—

 
522,680

Residential development, net
179,871

 
—

 
—

 
—

 
—

 
—

 
179,871

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
1,963,577

 
31,646

 
9,047

 
43

 
70

 
20,830

 
2,025,213

Lines of credit & other, net
1,107,212

 
13,420

 
23,324

 
—

 
3

 
3,069

 
1,147,028

Leases and equipment finance, net
1,197,468

 
11,223

 
7,169

 
11,125

 
1,580

 
144

 
1,228,709

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net (2)
3,239,104

 
7,545

 
33,920

 
—

 
3,376

 
—

 
3,283,945

Home equity loans & lines, net
1,103,210

 
2,003

 
2,270

 
—

 
339

 
—

 
1,107,822

Consumer & other, net
682,643

 
2,543

 
284

 
—

 
68

 
—

 
685,538

Total, net of deferred fees and costs
$
18,930,024

 
$
165,059

 
$
150,658

 
$
11,275

 
$
5,632

 
$
51,941

 
$
19,314,589

(1) The percentage of impaired loans classified as pass/watch and substandard was 2.2% and 97.8%, respectively, as of March 31, 2018.
(2) Includes government guaranteed GNMA mortgage loans that Umpqua has the right but not the obligation to repurchase that are past due 90 days or more, totaling $6.3 million at March 31, 2018, which is included in the substandard category.

(in thousands)
December 31, 2017
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
3,396,178

 
$
45,189

 
$
33,143

 
$
630

 
$
84

 
$
15,913

 
$
3,491,137

Owner occupied term, net
2,409,301

 
30,393

 
35,191

 
448

 
706

 
12,212

 
2,488,251

Multifamily, net
3,064,079

 
14,200

 
5,639

 
—

 
—

 
3,874

 
3,087,792

Construction & development, net
538,526

 
—

 
2,181

 
—

 
—

 
—

 
540,707

Residential development, net
165,426

 
—

 
439

 
—

 
—

 
—

 
165,865

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
1,900,230

 
12,735

 
10,266

 
82

 
80

 
21,594

 
1,944,987

Lines of credit & other, net
1,122,258

 
6,539

 
30,941

 
52

 
—

 
6,383

 
1,166,173

Leases and equipment finance, net
1,134,446

 
8,494

 
10,133

 
12,868

 
1,562

 
—

 
1,167,503

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net (2)
3,145,363

 
7,512

 
35,928

 
—

 
3,382

 
—

 
3,192,185

Home equity loans & lines, net
1,097,886

 
2,558

 
2,322

 
—

 
531

 
—

 
1,103,297

Consumer & other, net
727,677

 
3,997

 
568

 
—

 
45

 
—

 
732,287

Total, net of deferred fees and costs
$
18,701,370

 
$
131,617

 
$
166,751

 
$
14,080

 
$
6,390

 
$
59,976

 
$
19,080,184

(1) The percentage of impaired loans classified as pass/watch and substandard was 1.7%, and 98.3%, respectively, as of December 31, 2017.
(2) Includes government guaranteed GNMA mortgage loans that Umpqua has the right but not the obligation to repurchase that are past due 90 days or more, totaling $12.4 million at December 31, 2017, which is included in the substandard category.
Schedule Of Troubled Debt Restructurings
The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan class as of March 31, 2018 and December 31, 2017: 
(in thousands) 
March 31, 2018
 
Accrual Status
 
Non-Accrual Status
 
Total Modifications
Commercial real estate, net
$
17,647

 
$
5,088

 
$
22,735

Commercial, net
7,556

 
13,711

 
21,267

Residential, net
6,456

 
—

 
6,456

Total, net of deferred fees and costs
$
31,659

 
$
18,799

 
$
50,458

 
(in thousands)
December 31, 2017
 
Accrual Status
 
Non-Accrual Status
 
Total Modifications
Commercial real estate, net
$
17,694

 
$
5,088

 
$
22,782

Commercial, net
7,787

 
16,978

 
24,765

Residential, net
6,676

 
—

 
6,676

Total, net of deferred fees and costs
$
32,157

 
$
22,066

 
$
54,223

The following tables present newly restructured loans that occurred during the three months ended March 31, 2018 and 2017: 
 (in thousands)
Three Months Ended March 31, 2018
 
Rate Modifications
 
Term Modifications
 
Interest Only Modifications
 
Payment Modifications
 
Combination Modifications
 
Total Modifications
Residential, net
$
—

 
$
—

 
$
—

 
$
—

 
$
106

 
$
106

Total, net of deferred fees and costs
$
—

 
$
—

 
$
—

 
$
—

 
$
106

 
$
106

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2017
 
Rate Modifications
 
Term Modifications
 
Interest Only Modifications
 
Payment Modifications
 
Combination Modifications
 
Total Modifications
Commercial, net
$
—

 
$
—

 
$
—

 
$
—

 
$
2,919

 
$
2,919

Residential, net
—

 
—

 
—

 
—

 
253

 
253

Total, net of deferred fees and costs
$
—

 
$
—

 
$
—

 
$
—

 
$
3,172

 
$
3,172