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Allowance for Loan and Lease Loss and Credit Quality (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019 and 2018: 
(in thousands)
Three Months Ended March 31, 2019
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Balance, beginning of period
$
47,904

 
$
63,957

 
$
22,034

 
$
10,976

 
$
144,871

Charge-offs
(2,151
)
 
(13,210
)
 
(135
)
 
(1,656
)
 
(17,152
)
Recoveries
337

 
2,354

 
155

 
623

 
3,469

  Provision
1,751

 
11,269

 
119

 
545

 
13,684

Balance, end of period
$
47,841

 
$
64,370

 
$
22,173

 
$
10,488

 
$
144,872

 
 
 
 
 
 
 
 
 
 
(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

 
 
 
 
 
 
 
 
 
 
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, 2019 and 2018: 
 (in thousands)
March 31, 2019
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Allowance for loans and leases:
Collectively evaluated for impairment
$
46,107

 
$
64,157

 
$
21,819

 
$
10,445

 
$
142,528

Individually evaluated for impairment
136

 
3

 
—

 
—

 
139

Loans acquired with deteriorated credit quality
1,598

 
210

 
354

 
43

 
2,205

Total
$
47,841

 
$
64,370

 
$
22,173

 
$
10,488

 
$
144,872

Loans and leases:
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
10,003,966

 
$
4,775,727

 
$
4,913,713

 
$
551,671

 
$
20,245,077

Individually evaluated for impairment
20,366

 
16,710

 
—

 
—

 
37,076

Loans acquired with deteriorated credit quality
97,294

 
663

 
25,494

 
393

 
123,844

Total
$
10,121,626

 
$
4,793,100

 
$
4,939,207

 
$
552,064

 
$
20,405,997

 
 (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
$
9,626,236

 
$
4,372,758

 
$
4,345,522

 
$
685,424

 
$
19,029,940

Individually evaluated for impairment
27,872

 
24,043

 
—

 
—

 
51,915

Loans acquired with deteriorated credit quality
136,381

 
4,083

 
32,614

 
414

 
173,492

Total
$
9,790,489

 
$
4,400,884

 
$
4,378,136

 
$
685,838

 
$
19,255,347

 
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, 2019 and 2018: 
(in thousands) 
Three Months Ended
 
March 31, 2019
 
March 31, 2018
Balance, beginning of period
$
4,523

 
$
3,963

Net charge to other expense
131

 
166

Balance, end of period
$
4,654

 
$
4,129


 (in thousands)
 
Total
Unfunded loan and lease commitments:
 
 
March 31, 2019
 
$
5,510,974

March 31, 2018
 
$
5,085,021
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, 2019 and December 31, 2018: 
(in thousands)
March 31, 2019
 
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
$
2,044

 
$
3,972

 
$
—

 
$
6,016

 
$
8,438

 
$
3,462,518

 
$
3,476,972

Owner occupied term, net
2,853

 
1,299

 
1

 
4,153

 
7,231

 
2,438,264

 
2,449,648

Multifamily, net
290

 
—

 
—

 
290

 
2,626

 
3,300,020

 
3,302,936

Construction & development, net
—

 
—

 
—

 
—

 
—

 
686,107

 
686,107

Residential development, net
—

 
—

 
—

 
—

 
—

 
205,963

 
205,963

Commercial
 
 
 
 
 
 
 
 
 
 
 
 

Term, net
1,775

 
195

 
693

 
2,663

 
9,315

 
2,173,344

 
2,185,322

Lines of credit & other, net
1,625

 
420

 
22

 
2,067

 
1,684

 
1,225,341

 
1,229,092

Leases & equipment finance, net
14,105

 
7,560

 
—

 
21,665

 
15,292

 
1,341,729

 
1,378,686

Residential
 
 
 
 
 
 
 
 
 
 
 
 

Mortgage, net (2)
6,528

 
3,507

 
28,551

 
38,586

 
—

 
3,730,369

 
3,768,955

Home equity loans & lines, net
1,981

 
1,421

 
1,725

 
5,127

 
—

 
1,165,125

 
1,170,252

Consumer & other, net
2,588

 
846

 
590

 
4,024

 
—

 
548,040

 
552,064

Total, net of deferred fees and costs
$
33,789

 
$
19,220

 
$
31,582

 
$
84,591

 
$
44,586

 
$
20,276,820

 
$
20,405,997


(1) Other includes purchased credit impaired loans of $123.8 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 $158,000 at March 31, 2019.
 (in thousands)
December 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
$
1,192

 
$
1,042

 
$
—

 
$
2,234

 
$
10,033

 
$
3,560,798

 
$
3,573,065

Owner occupied term, net
3,920

 
1,372

 
1

 
5,293

 
8,682

 
2,466,396

 
2,480,371

Multifamily, net
107

 
—

 
—

 
107

 
4,298

 
3,300,358

 
3,304,763

Construction & development, net
—

 
—

 
—

 
—

 
—

 
736,254

 
736,254

Residential development, net
—

 
—

 
—

 
—

 
—

 
196,890

 
196,890

Commercial
 
 
 
 
 

 

 
 
 
 
 
 
Term, net
992

 
117

 
—

 
1,109

 
11,772

 
2,220,042

 
2,232,923

Lines of credit & other, net
1,286

 
143

 
83

 
1,512

 
2,275

 
1,165,738

 
1,169,525

Leases & equipment finance, net
8,571

 
8,754

 
3,016

 
20,341

 
13,763

 
1,296,051

 
1,330,155

Residential
 
 
 
 
 
 

 
 
 
 
 
 
Mortgage, net (2)
—

 
4,900

 
39,218

 
44,118

 
—

 
3,590,955

 
3,635,073

Home equity loans & lines, net
987

 
368

 
2,492

 
3,847

 
—

 
1,172,630

 
1,176,477

Consumer & other, net
2,711

 
911

 
551

 
4,173

 
—

 
582,997

 
587,170

Total, net of deferred fees and costs
$
19,766

 
$
17,607

 
$
45,361

 
$
82,734

 
$
50,823

 
$
20,289,109

 
$
20,422,666


(1) Other includes purchased credit impaired loans of $134.5 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 $8.9 million at December 31, 2018.
Non-Covered Impaired Loans
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, 2019 and 2018: 
(in thousands) 
Three Months Ended
 
Three Months Ended
 
March 31, 2019
 
March 31, 2018
 
Average Recorded Investment
 
Interest Income Recognized
 
Average Recorded Investment
 
Interest Income Recognized
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
12,765

 
$
32

 
$
14,608

 
$
102

Owner occupied term, net
6,414

 
9

 
11,459

 
10

Multifamily, net
3,462

 
—

 
3,868

 
30

Commercial
 
 
 
 
 
 
 
Term, net
13,558

 
51

 
21,212

 
89

Lines of credit & other, net
1,775

 
—

 
4,726

 
—

Leases & equipment finance, net
1,693

 
1

 
72

 
—

Total, net of deferred fees and costs
$
39,667

 
$
93

 
$
55,945

 
$
231

 
 
 
 
 
 
 
 
The following tables summarize our impaired loans by loan class as of March 31, 2019 and December 31, 2018: 
(in thousands)
March 31, 2019
 

 
Recorded Investment
 
 
 
Unpaid Principal Balance
 
Without Allowance
 
With Allowance
 
Related Allowance
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
13,307

 
$
8,259

 
$
3,709

 
$
57

Owner occupied term, net
7,016

 
4,915

 
857

 
79

Multifamily, net
2,742

 
2,626

 
—

 
—

Commercial
 
 
 
 
 
 
 
Term, net
19,880

 
12,203

 
55

 
2

Lines of credit & other, net
6,618

 
1,484

 
—

 
—

Leases & equipment finance, net
2,968

 
1,126

 
1,842

 
1

Total, net of deferred fees and costs
$
52,531

 
$
30,613

 
$
6,463

 
$
139

 
(in thousands)
December 31, 2018
 
 
 
Recorded Investment
 
 
 
Unpaid Principal Balance
 
Without Allowance
 
With Allowance
 
Related Allowance
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
14,877

 
$
9,847

 
$
3,715

 
$
90

Owner occupied term, net
8,188

 
6,178

 
878

 
88

Multifamily, net
4,493

 
4,298

 
—

 
—

Commercial
 
 
 
 
 
 
 
Term, net
22,770

 
11,089

 
3,770

 
2

Lines of credit & other, net
7,145

 
2,065

 
—

 
—

Leases & equipment finance, net
417

 
417

 
—

 
—

Total, net of deferred fees and costs
$
57,890

 
$
33,894

 
$
8,363

 
$
180
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, 2019 and December 31, 2018: 
(in thousands)
March 31, 2019
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
3,399,606

 
$
46,954

 
$
18,444

 
$
—

 
$
—

 
$
11,968

 
$
3,476,972

Owner occupied term, net
2,380,614

 
45,634

 
17,628

 
—

 
—

 
5,772

 
2,449,648

Multifamily, net
3,285,727

 
11,132

 
3,451

 
—

 
—

 
2,626

 
3,302,936

Construction & development, net
682,568

 
1,608

 
1,931

 
—

 
—

 
—

 
686,107

Residential development, net
205,963

 
—

 
—

 
—

 
—

 
—

 
205,963

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
2,122,335

 
41,568

 
8,838

 
319

 
4

 
12,258

 
2,185,322

Lines of credit & other, net
1,178,625

 
36,411

 
12,350

 
222

 
—

 
1,484

 
1,229,092

Leases & equipment finance, net
1,338,955

 
14,105

 
7,560

 
13,041

 
2,057

 
2,968

 
1,378,686

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net (2)
3,728,782

 
10,494

 
29,615

 
—

 
64

 
—

 
3,768,955

Home equity loans & lines, net
1,164,876

 
3,562

 
1,648

 
—

 
166

 
—

 
1,170,252

Consumer & other, net
548,013

 
3,433

 
584

 
—

 
34

 
—

 
552,064

Total, net of deferred fees and costs
$
20,036,064

 
$
214,901

 
$
102,049

 
$
13,582

 
$
2,325

 
$
37,076

 
$
20,405,997

(1) The percentage of impaired loans classified as pass/watch, special mention and substandard was 5.5%, 10.2% and 84.3%, respectively, as of March 31, 2019.
(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 $158,000 at March 31, 2019, which is included in the substandard category.

(in thousands)
December 31, 2018
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
3,497,801

 
$
38,346

 
$
23,234

 
$
—

 
$
122

 
$
13,562

 
$
3,573,065

Owner occupied term, net
2,422,351

 
28,447

 
22,136

 
54

 
327

 
7,056

 
2,480,371

Multifamily, net
3,284,445

 
11,481

 
4,539

 
—

 
—

 
4,298

 
3,304,763

Construction & development, net
734,318

 
—

 
1,936

 
—

 
—

 
—

 
736,254

Residential development, net
196,890

 
—

 
—

 
—

 
—

 
—

 
196,890

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
2,196,753

 
15,519

 
5,670

 
53

 
69

 
14,859

 
2,232,923

Lines of credit & other, net
1,103,677

 
42,831

 
20,639

 
313

 
—

 
2,065

 
1,169,525

Leases & equipment finance, net
1,296,235

 
8,571

 
8,754

 
14,247

 
1,931

 
417

 
1,330,155

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net (2)
3,588,976

 
5,169

 
38,766

 
—

 
2,162

 
—

 
3,635,073

Home equity loans & lines, net
1,172,040

 
1,878

 
1,418

 
—

 
1,141

 
—

 
1,176,477

Consumer & other, net
582,962

 
3,622

 
559

 
—

 
27

 
—

 
587,170

Total, net of deferred fees and costs
$
20,076,448

 
$
155,864

 
$
127,651

 
$
14,667

 
$
5,779

 
$
42,257

 
$
20,422,666

(1) The percentage of impaired loans classified as pass/watch, special mention and substandard was 3.2%, 8.8% and 88.0%, respectively, as of December 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 $8.9 million at December 31, 2018, which is included in the substandard category.
Schedule Of Troubled Debt Restructurings
The following tables present newly restructured loans that occurred during the three months ended March 31, 2019 and 2018: 
 (in thousands)
Three Months Ended March 31, 2019
 
Rate Modifications
 
Term Modifications
 
Interest Only Modifications
 
Payment Modifications
 
Combination Modifications
 
Total Modifications
Commercial real estate, net
$
—

 
$
—

 
$
—

 
$
—

 
$
118

 
$
118

Commercial, net
—

 
—

 
—

 
—

 
1,842

 
1,842

Total, net of deferred fees and costs
$
—

 
$
—

 
$
—

 
$
—

 
$
1,960

 
$
1,960

 
 
 
 
 
 
 
 
 
 
 
 
(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

 
 
 
 
 
 
 
 
 
 
 
 
The following tables present troubled debt restructurings by accrual versus non-accrual status and by loan class as of March 31, 2019 and December 31, 2018: 
(in thousands) 
March 31, 2019
 
Accrual Status
 
Non-Accrual Status
 
Total Modifications
Commercial real estate, net
$
4,509

 
$
6,716

 
$
11,225

Commercial, net
5,589

 
7,243

 
12,832

Residential, net
5,628

 
—

 
5,628

Total, net of deferred fees and costs
$
15,726

 
$
13,959

 
$
29,685

 
(in thousands)
December 31, 2018
 
Accrual Status
 
Non-Accrual Status
 
Total Modifications
Commercial real estate, net
$
4,524

 
$
9,290

 
$
13,814

Commercial, net
3,696

 
8,736

 
12,432

Residential, net
5,704

 
—

 
5,704

Total, net of deferred fees and costs
$
13,924

 
$
18,026

 
$
31,950