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Allowance for Loan and Lease Loss and Credit Quality (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018: 
(in thousands)
Three Months Ended June 30, 2019
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Balance, beginning of period
$
47,841

 
$
64,370

 
$
22,173

 
$
10,488

 
$
144,872

Charge-offs
(387
)
 
(14,697
)
 
(67
)
 
(1,556
)
 
(16,707
)
Recoveries
219

 
2,611

 
150

 
572

 
3,552

Provision
1,324

 
16,069

 
1,398

 
561

 
19,352

Balance, end of period
$
48,997

 
$
68,353

 
$
23,654

 
$
10,065

 
$
151,069

 
 
 
 
 
 
 
 
 
 
(in thousands)
Three Months Ended June 30, 2018
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Balance, beginning of period
$
46,005

 
$
64,626

 
$
19,833

 
$
11,469

 
$
141,933

Charge-offs
(362
)
 
(12,869
)
 
(460
)
 
(1,124
)
 
(14,815
)
Recoveries
289

 
3,171

 
98

 
561

 
4,119

Provision
1,353

 
10,837

 
804

 
325

 
13,319

Balance, end of period
$
47,285

 
$
65,765

 
$
20,275

 
$
11,231

 
$
144,556

(in thousands)
Six Months Ended June 30, 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
(2,538
)
 
(27,907
)
 
(202
)
 
(3,212
)
 
(33,859
)
Recoveries
556

 
4,965

 
305

 
1,195

 
7,021

Provision
3,075

 
27,338

 
1,517

 
1,106

 
33,036

Balance, end of period
$
48,997

 
$
68,353

 
$
23,654

 
$
10,065

 
$
151,069

 
 
 
 
 
 
 
 
 
 
(in thousands)
Six Months Ended June 30, 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
(673
)
 
(26,344
)
 
(706
)
 
(2,904
)
 
(30,627
)
Recoveries
506

 
5,624

 
301

 
1,169

 
7,600

Provision
1,687

 
23,180

 
1,320

 
788

 
26,975

Balance, end of period
$
47,285

 
$
65,765

 
$
20,275

 
$
11,231

 
$
144,556

 
 
 
 
 
 
 
 
 
 
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 June 30, 2019 and 2018: 
 (in thousands)
June 30, 2019
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Allowance for loans and leases:
Collectively evaluated for impairment
$
47,337

 
$
68,156

 
$
23,331

 
$
10,057

 
$
148,881

Individually evaluated for impairment
167

 
3

 
—

 
—

 
170

Loans acquired with deteriorated credit quality
1,493

 
194

 
323

 
8

 
2,018

Total
$
48,997

 
$
68,353

 
$
23,654

 
$
10,065

 
$
151,069

Loans and leases:
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
10,099,981

 
$
4,992,265

 
$
5,187,194

 
$
533,036

 
$
20,812,476

Individually evaluated for impairment
18,707

 
8,636

 
—

 
—

 
27,343

Loans acquired with deteriorated credit quality
88,970

 
611

 
23,664

 
307

 
113,552

Total
$
10,207,658

 
$
5,001,512

 
$
5,210,858

 
$
533,343

 
$
20,953,371

 
 (in thousands)
June 30, 2018
 
Commercial Real Estate
 
Commercial
 
Residential
 
Consumer & Other
 
Total 
Allowance for loans and leases:
Collectively evaluated for impairment
$
44,668

 
$
65,378

 
$
19,902

 
$
11,190

 
$
141,138

Individually evaluated for impairment
814

 
7

 
—

 
—

 
821

Loans acquired with deteriorated credit quality
1,803

 
380

 
373

 
41

 
2,597

Total
$
47,285

 
$
65,765

 
$
20,275

 
$
11,231

 
$
144,556

Loans and leases:
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
$
9,776,975

 
$
4,504,361

 
$
4,508,961

 
$
645,310

 
$
19,435,607

Individually evaluated for impairment
28,786

 
17,225

 
—

 
—

 
46,011

Loans acquired with deteriorated credit quality
124,554

 
3,768

 
29,143

 
411

 
157,876

Total
$
9,930,315

 
$
4,525,354

 
$
4,538,104

 
$
645,721

 
$
19,639,494

 
Schedule of Reserve for Unfunded Commitments
The following tables present a summary of activity in the RUC and unfunded commitments for the three and six months ended June 30, 2019 and 2018: 
(in thousands) 
Three Months Ended
 
Six Months Ended
 
June 30, 2019
 
June 30, 2018
 
June 30, 2019
 
June 30, 2018
Balance, beginning of period
$
4,654

 
$
4,129

 
$
4,523

 
$
3,963

Net charge to other expense
203

 
1

 
334

 
167

Balance, end of period
$
4,857

 
$
4,130

 
$
4,857

 
$
4,130


 (in thousands)
 
Total
Unfunded loan and lease commitments:
 
 
June 30, 2019
 
$
5,587,294

June 30, 2018
 
$
5,077,579
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 June 30, 2019 and December 31, 2018: 
(in thousands)
June 30, 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
$
74

 
$
68

 
$
—

 
$
142

 
$
9,170

 
$
3,527,772

 
$
3,537,084

Owner occupied term, net
663

 
698

 
—

 
1,361

 
7,502

 
2,387,811

 
2,396,674

Multifamily, net
—

 
—

 
—

 
—

 
—

 
3,341,547

 
3,341,547

Construction & development, net
1,601

 
—

 
—

 
1,601

 
—

 
731,331

 
732,932

Residential development, net
—

 
—

 
—

 
—

 
—

 
199,421

 
199,421

Commercial
 
 
 
 
 
 
 
 
 
 
 
 

Term, net
486

 
457

 
—

 
943

 
3,348

 
2,267,055

 
2,271,346

Lines of credit & other, net
5,740

 
2,690

 
—

 
8,430

 
1,519

 
1,270,638

 
1,280,587

Leases & equipment finance, net
6,813

 
8,835

 
2,833

 
18,481

 
13,483

 
1,417,615

 
1,449,579

Residential
 
 
 
 
 
 
 
 
 
 
 
 

Mortgage, net (2)
25

 
7,414

 
35,684

 
43,123

 
—

 
3,952,520

 
3,995,643

Home equity loans & lines, net
1,150

 
582

 
2,206

 
3,938

 
—

 
1,211,277

 
1,215,215

Consumer & other, net
2,375

 
948

 
424

 
3,747

 
—

 
529,596

 
533,343

Total, net of deferred fees and costs
$
18,927

 
$
21,692

 
$
41,147

 
$
81,766

 
$
35,022

 
$
20,836,583

 
$
20,953,371


(1) Other includes purchased credit impaired loans of $113.6 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 $5.4 million at June 30, 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 tables summarize our average recorded investment and interest income recognized on impaired loans and leases by loan class for the three and six months ended June 30, 2019 and 2018: 
(in thousands) 
Three Months Ended
 
June 30, 2019
 
June 30, 2018
 
Average Recorded Investment
 
Interest Income Recognized
 
Average Recorded Investment
 
Interest Income Recognized
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
12,295

 
$
32

 
$
13,301

 
$
103

Owner occupied term, net
5,929

 
9

 
11,185

 
10

Multifamily, net
1,313

 
—

 
3,857

 
30

Commercial
 
 
 
 
 
 
 
Term, net
8,872

 
53

 
17,515

 
56

Lines of credit & other, net
1,204

 
—

 
2,609

 
—

Leases & equipment finance, net
2,597

 
28

 
509

 
—

Total, net of deferred fees and costs
$
32,210

 
$
122

 
$
48,976

 
$
199

(in thousands) 
Six Months Ended
 
June 30, 2019
 
June 30, 2018
 
Average Recorded Investment
 
Interest Income Recognized
 
Average Recorded Investment
 
Interest Income Recognized
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
12,717

 
$
64

 
$
14,172

 
$
205

Owner occupied term, net
6,304

 
18

 
11,527

 
20

Multifamily, net
2,308

 
—

 
3,862

 
60

Commercial
 
 
 
 
 
 
 
Term, net
10,867

 
104

 
18,875

 
145

Lines of credit & other, net
1,491

 
—

 
3,867

 
—

Leases & equipment finance, net
1,871

 
29

 
339

 
—

Total, net of deferred fees and costs
$
35,558

 
$
215

 
$
52,642

 
$
430

 
 
 
 
 
 
 
 

The following tables summarize our impaired loans and leases by loan class as of June 30, 2019 and December 31, 2018: 
(in thousands)
June 30, 2019
 

 
Recorded Investment
 
 
 
Unpaid Principal Balance
 
Without Allowance
 
With Allowance
 
Related Allowance
Commercial real estate
 
 
 
 
 
 
 
Non-owner occupied term, net
$
15,570

 
$
8,941

 
$
3,681

 
$
89

Owner occupied term, net
7,394

 
5,238

 
847

 
78

Commercial
 
 
 
 
 
 
 
Term, net
12,245

 
5,440

 
46

 
2

Lines of credit & other, net
1,057

 
923

 
—

 
—

Leases & equipment finance, net
2,227

 
385

 
1,842

 
1

Total, net of deferred fees and costs
$
38,493

 
$
20,927

 
$
6,416

 
$
170

 
(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 June 30, 2019 and December 31, 2018: 
(in thousands)
June 30, 2019
 
Pass/Watch
 
Special Mention
 
Substandard
 
Doubtful
 
Loss
 
Impaired (1)
 
Total
Commercial real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied term, net
$
3,455,860

 
$
51,231

 
$
17,143

 
$
228

 
$
—

 
$
12,622

 
$
3,537,084

Owner occupied term, net
2,314,355

 
59,795

 
15,863

 
576

 
—

 
6,085

 
2,396,674

Multifamily, net
3,331,275

 
6,838

 
3,434

 
—

 
—

 
—

 
3,341,547

Construction & development, net
731,015

 
1,917

 
—

 
—

 
—

 
—

 
732,932

Residential development, net
199,421

 
—

 
—

 
—

 
—

 
—

 
199,421

Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Term, net
2,222,485

 
34,191

 
7,926

 
1,090

 
168

 
5,486

 
2,271,346

Lines of credit & other, net
1,202,892

 
62,605

 
13,762

 
405

 
—

 
923

 
1,280,587

Leases & equipment finance, net
1,415,475

 
6,813

 
8,835

 
14,280

 
1,949

 
2,227

 
1,449,579

Residential
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage, net (2)
3,950,673

 
7,840

 
36,846

 
—

 
284

 
—

 
3,995,643

Home equity loans & lines, net
1,210,910

 
1,981

 
1,565

 
—

 
759

 
—

 
1,215,215

Consumer & other, net
529,561

 
3,324

 
424

 
—

 
34

 
—

 
533,343

Total, net of deferred fees and costs
$
20,563,922

 
$
236,535

 
$
105,798

 
$
16,579

 
$
3,194

 
$
27,343

 
$
20,953,371

(1) The percentage of impaired loans classified as pass/watch, special mention and substandard was 3.3%, 14.3% and 82.4%, respectively, as of June 30, 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 $5.4 million at June 30, 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
There were no new restructured loans during the three months ended June 30, 2018. The following tables present newly restructured loans that occurred during the three and six months ended June 30, 2019 and the six months ended June 30, 2018:
 (in thousands)
Three Months Ended June 30, 2019
 
Rate Modifications
 
Term Modifications
 
Interest Only Modifications
 
Payment Modifications
 
Combination Modifications
 
Total Modifications
Residential, net
$
—

 
$
—

 
$
—

 
$
—

 
$
7

 
$
7

Total, net of deferred fees and costs
$
—

 
$
—

 
$
—

 
$
—

 
$
7

 
$
7

 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Six Months Ended June 30, 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

Residential, net
—

 
—

 
—

 
—

 
7

 
7

Total, net of deferred fees and costs
$
—

 
$
—

 
$
—

 
$
—

 
$
1,967

 
$
1,967

 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Six Months Ended June 30, 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 June 30, 2019 and December 31, 2018: 
(in thousands) 
June 30, 2019
 
Accrual Status
 
Non-Accrual Status
 
Total Modifications
Commercial real estate, net
$
4,036

 
$
6,666

 
$
10,702

Commercial, net
5,752

 
93

 
5,845

Residential, net
5,479

 
—

 
5,479

Total, net of deferred fees and costs
$
15,267

 
$
6,759

 
$
22,026

 
(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