Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table presents the net investment in direct financing leases and loans as of March 31, 2019 and December 31, 2018:



(in thousands)	March 31, 2019			December 31, 2018
Minimum lease payments receivable	$	443,586		$	450,258
Estimated guaranteed and unguaranteed residual values	79,934			79,455
Initial direct costs - net of accumulated amortization	10,280			10,950
Unearned income	(75,538		)	(79,777		)
Net investment in direct financing leases	$	458,262		$	460,886

The following table presents the major types of loans and leases, net of deferred fees and costs, as of March 31, 2019 and December 31, 2018:



(in thousands)	March 31, 2019		December 31, 2018
Commercial real estate
Non-owner occupied term, net	$	3,476,972	$	3,573,065
Owner occupied term, net	2,449,648		2,480,371
Multifamily, net	3,302,936		3,304,763
Construction & development, net	686,107		736,254
Residential development, net	205,963		196,890
Commercial
Term, net	2,185,322		2,232,923
Lines of credit & other, net	1,229,092		1,169,525
Leases & equipment finance, net	1,378,686		1,330,155
Residential
Mortgage, net	3,768,955		3,635,073
Home equity loans & lines, net	1,170,252		1,176,477
Consumer & other, net	552,064		587,170
Total loans, net of deferred fees and costs	$	20,405,997	$	20,422,666

The following table presents the scheduled minimum lease payments receivable as of March 31, 2019:

The following table presents the changes in the accretable yield for purchased impaired loans for the three months ended March 31, 2019 and 2018:



(in thousands)	Three Months Ended
	March 31, 2019			March 31, 2018
Balance, beginning of period	$	56,564		$	74,268
Accretion to interest income	(4,885		)	(8,778		)
Disposals	(2,343		)	(5,016		)
Reclassifications from non-accretable difference	1,737			6,203
Balance, end of period	$	51,073		$	66,677

The following table summarizes the carrying value of loans and leases sold by major loan type during the three months ended March 31, 2019 and 2018: