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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Activity In The Non-Covered Allowance For Loan And Lease Losses
The following tables summarize activity related to the allowance for credit losses by portfolio segment for the three and nine months ended September 30, 2020:
Three Months Ended September 30, 2020
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$152,828 $152,615 $40,548 $10,754 $356,745 
(Recapture) provision for credit losses for loans and leases (1)
(18,834)25,603 (5,641)657 1,785 
Charge-offs— (15,426)(120)(1,100)(16,646)
Recoveries61 2,044 407 653 3,165 
Net recoveries (charge-offs) 61 (13,382)287 (447)(13,481)
Balance, end of period$134,055 $164,836 $35,194 $10,964 $345,049 
Reserve for unfunded commitments
Balance, beginning of period$20,808 $2,921 $2,061 $578 $26,368 
(Recapture) provision for credit losses on unfunded commitments (1)
(380)(1,198)(542)58 (2,062)
Balance, end of period20,428 1,723 1,519 636 24,306 
Total allowance for credit losses$154,483 $166,559 $36,713 $11,600 $369,355 
(1) The total provision for credit losses as disclosed on the income statement includes a recapture of $61,000 for the three months ended September 30, 2020, related to an allowance for accrued interest on loans deferred due to COVID-19.
Nine Months Ended September 30, 2020
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$50,847 $73,820 $24,714 $8,248 $157,629 
Impact of adoption CECL5,077 44,009 2,099 (1,186)49,999 
Adjusted balance, beginning of period55,924 117,829 26,813 7,062 207,628 
Provision for credit losses for loans and leases (1)
77,664 96,577 7,701 6,829 188,771 
Charge-offs— (55,583)(274)(4,697)(60,554)
Recoveries467 6,013 954 1,770 9,204 
Net recoveries (charge-offs)467 (49,570)680 (2,927)(51,350)
Balance, end of period$134,055 $164,836 $35,194 $10,964 $345,049 
Reserve for unfunded commitments
Balance, beginning of period$534 $2,539 $149 $1,884 $5,106 
Impact of adoption CECL4,030 (487)1,267 (1,572)3,238 
Adjusted balance, beginning of period4,564 2,052 1,416 312 8,344 
Provision (recapture) for credit losses on unfunded commitments (1)
15,864 (329)103 324 15,962 
Balance, end of period20,428 1,723 1,519 636 24,306 
Total allowance for credit losses$154,483 $166,559 $36,713 $11,600 $369,355 
(1) The total provision for credit losses as disclosed on the income statement includes a provision of $99,000 for the nine months ended September 30, 2020, related to an allowance for accrued interest on loans deferred due to COVID-19.
The following tables summarize activity related to the allowance for loan and lease losses by loan and lease portfolio segment and the reserve for unfunded commitments for the three and nine months ended September 30, 2019:
Three Months Ended September 30, 2019
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$48,997 $68,353 $23,654 $10,065 $151,069 
Provision2,524 18,797 1,113 793 23,227 
Charge-offs(497)(20,457)(305)(1,853)(23,112)
Recoveries 177 4,263 94 570 5,104 
Net charge-offs(320)(16,194)(211)(1,283)(18,008)
Balance, end of period$51,201 $70,956 $24,556 $9,575 $156,288 
Reserve for unfunded commitments
Balance, beginning of period$561 $2,595 $157 $1,544 $4,857 
Provision (recapture) for credit losses on unfunded commitments43 189 (55)51 228 
Balance, end of period604 2,784 102 1,595 5,085 
Total allowance for credit losses$51,805 $73,740 $24,658 $11,170 $161,373 
Nine Months Ended September 30, 2019
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$47,904 $63,957 $22,034 $10,976 $144,871 
Provision5,599 46,135 2,630 1,899 56,263 
Charge-offs(3,035)(48,364)(507)(5,065)(56,971)
Recoveries733 9,228 399 1,765 12,125 
Net charge-offs(2,302)(39,136)(108)(3,300)(44,846)
Balance, end of period$51,201 $70,956 $24,556 $9,575 $156,288 
Reserve for unfunded commitments
Balance, beginning of period$628 $2,250 $160 $1,485 $4,523 
(Recapture) provision for credit losses on unfunded commitments(24)534 (58)110 562 
Balance, end of period604 2,784 102 1,595 5,085 
Total allowance for credit losses$51,805 $73,740 $24,658 $11,170 $161,373 
Loans and Leases Past Due and Non-Accrual Loans and Leases
The following tables present the amortized cost basis of the loans and leases past due, by loan and lease class, as of September 30, 2020 and December 31, 2019:
September 30, 2020
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past DueGreater than 90 Days and AccruingTotal Past Due
Non-Accrual (1)
CurrentTotal Loans and Leases
Commercial real estate
Non-owner occupied term, net$3,069 $8,959 $1,154 $13,182 $8,030 $3,512,564 $3,533,776 
Owner occupied term, net3,432 414 1 3,847 4,385 2,402,866 2,411,098 
Multifamily, net1,868 — — 1,868 — 3,387,166 3,389,034 
Construction & development, net— — — — — 757,462 757,462 
Residential development, net— — — — — 163,400 163,400 
Commercial
Term, net389 57 — 446 10,103 4,235,680 4,246,229 
Lines of credit & other, net2,960 3,080 3 6,043 143 888,596 894,782 
Leases & equipment finance, net8,454 24,057 18,063 50,574 3,764 1,442,312 1,496,650 
Residential
Mortgage, net (2)
1,190 3,386 29,593 34,169 — 4,008,247 4,042,416 
Home equity loans & lines, net1,411 1,443 1,769 4,623 — 1,168,074 1,172,697 
Consumer & other, net1,511 475 346 2,332 — 316,597 318,929 
Total, net of deferred fees and costs$24,284 $41,871 $50,929 $117,084 $26,425 $22,282,964 $22,426,473 
(1) Loans and leases on non-accrual with an unamortized cost basis of $26.4 million had a related allowance for credit losses of $3.3 million at September 30, 2020.
(2) Includes government guaranteed GNMA mortgage loans that the Bank has the right but not the obligation to repurchase that are past due 90 days or more in relation to their original term, of which $19.3 million are classified as current as a result of COVID-19 related payment forbearance or deferral while $660,000 are classified as greater than 90 days past due.
December 31, 2019
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past DueGreater than 90 Days and AccruingTotal Past DueNon-Accrual
Current and Other (1)
Total Loans and Leases
Commercial real estate
Non-owner occupied term, net$— $— $121 $121 $2,920 $3,542,525 $3,545,566 
Owner occupied term, net975 470 1 1,446 4,600 2,490,042 2,496,088 
Multifamily, net— — — — — 3,514,774 3,514,774 
Construction & development, net— — — — — 678,740 678,740 
Residential development, net— — — — — 189,010 189,010 
Commercial
Term, net136 381 — 517 3,458 2,228,842 2,232,817 
Lines of credit & other, net3,548 376 36 3,960 767 1,207,666 1,212,393 
Leases & equipment finance, net10,685 11,176 3,086 24,947 14,499 1,426,043 1,465,489 
Residential
Mortgage, net (2)
— 8,104 36,642 44,746 — 4,170,678 4,215,424 
Home equity loans & lines, net2,173 867 1,804 4,844 — 1,232,668 1,237,512 
Consumer & other, net2,043 948 615 3,606 — 404,265 407,871 
Total, net of deferred fees and costs$19,560 $22,322 $42,305 $84,187 $26,244 $21,085,253 $21,195,684 
(1) Other includes purchased credit impaired loans of $89.5 million.
(2) Includes government guaranteed GNMA mortgage loans that the Bank has the right but not the obligation to repurchase that are past due 90 days or more, totaling $4.3 million at December 31, 2019.
Collateral Dependent Loans and Leases
The following table summarizes the amortized cost basis of the collateral dependent loans and leases by the type of collateral securing the assets as of September 30, 2020. There have been no significant changes in the level of collateralization from the prior periods.
(in thousands)Residential Real EstateCommercial Real Estate General Business AssetsOtherTotal
Commercial real estate
  Non-owner occupied term, net$— $7,786 $— $— $7,786 
  Owner occupied term, net— 3,627 — — 3,627 
Commercial
   Term, net940 59 7,963 1,227 10,189 
   Line of credit & other, net— — 143 — 143 
   Leases & equipment finance, net— — 3,764 — 3,764 
Residential
   Mortgage, net207,199 — — — 207,199 
   Home equity loans & lines, net2,359 — — — 2,359 
Total net of deferred fees and costs$210,498 $11,472 $11,870 $1,227 $235,067 
Schedule of Reserve for Unfunded Commitments
The following table presents the unfunded commitments for the period ended September 30, 2020 and 2019:
(in thousands)Total
Unfunded loan and lease commitments
September 30, 2020
$5,887,887 
September 30, 2019
$5,744,307 
Schedule Of Troubled Debt Restructurings
The following tables present TDR loans by accrual versus non-accrual status and by portfolio segment as of September 30, 2020 and December 31, 2019:
September 30, 2020
(in thousands)Accrual StatusNon-Accrual Status Total Modification# of Contracts
Commercial real estate, net$1,356 $3,946 $5,302 8 
Commercial, net1,258 7,954 9,212 2 
Residential, net13,100 — 13,100 78 
Consumer & other, net105 — 105 5 
Total, net of deferred fees and costs$15,819 $11,900 $27,719 93 
December 31, 2019
(in thousands)Accrual StatusNon-Accrual StatusTotal Modification# of Contracts
Commercial real estate, net$3,968 $— $3,968 3 
Commercial, net4,105 — 4,105 2 
Residential, net10,460 — 10,460 54 
Consumer & other, net43 — 43 3 
Total, net of deferred fees and costs$18,576 $— $18,576 62 

The following table presents loans that were determined to be TDRs during the three and nine months ended September 30, 2020 and 2019:
Three Months EndedNine Months Ended
(in thousands)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Commercial real estate, net$— $— $— $118 
Commercial, net— — 8,508 1,842 
Residential, net7,029 — 13,463 7 
Consumer & other, net— — 74 — 
Total, net of deferred fees and costs$7,029 $— $22,045 $1,967 
Internal Risk Rating By Loan Class
The following table represents the amortized costs basis of the loans and leases by credit classification and vintage year by loan and lease class of financing receivable as of September 30, 2020:
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202020202019201820172016PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass$391,145 $689,391 $498,018 $386,182 $363,588 $1,040,039 $3,166 $4,165 $3,375,694 
Special mention2,531 6,687 41,037 7,937 43,589 9,579 — — 111,360 
Substandard859 6,322 19,997 3,079 2,564 13,559 — — 46,380 
Doubtful— — — — — — — — — 
Loss— — — — — 342 — — 342 
Total non-owner occupied term, net$394,535 $702,400 $559,052 $397,198 $409,741 $1,063,519 $3,166 $4,165 $3,533,776 
Owner occupied term, net
Credit quality indicator:
Pass$250,333 $426,560 $310,809 $343,877 $270,519 $677,020 $5,541 $795 $2,285,454 
Special mention3,670 10,898 40,098 15,996 3,450 9,024 — — 83,136 
Substandard4,564 3,691 7,965 2,849 5,316 17,473 — — 41,858 
Doubtful— — — — — 220 — — 220 
Loss— — — — — 430 — — 430 
Total owner occupied term, net$258,567 $441,149 $358,872 $362,722 $279,285 $704,167 $5,541 $795 $2,411,098 
Multifamily, net
Credit quality indicator:
Pass$211,471 $881,877 $625,317 $649,637 $301,816 $654,444 $28,110 $2,962 $3,355,634 
Special mention— — — — — 33,400 — — 33,400 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total multifamily, net$211,471 $881,877 $625,317 $649,637 $301,816 $687,844 $28,110 $2,962 $3,389,034 
Construction & development, net
Credit quality indicator:
Pass$61,200 $238,868 $282,156 $166,146 $6,901 $554 $— $— $755,825 
Special mention1,637 — — — — — — — 1,637 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total construction & development, net$62,837 $238,868 $282,156 $166,146 $6,901 $554 $— $— $757,462 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202020202019201820172016PriorTotal
Residential development, net
Credit quality indicator:
Pass$14,489 $8,244 $2,770 $— $— $— $135,377 $2,520 $163,400 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total residential development, net$14,489 $8,244 $2,770 $— $— $— $135,377 $2,520 $163,400 
Total commercial real estate$941,899 $2,272,538 $1,828,167 $1,575,703 $997,743 $2,456,084 $172,194 $10,442 $10,254,770 
Commercial:
Term, net
Credit quality indicator:
Pass$2,314,701 $352,092 $351,231 $254,727 $71,041 $235,495 $594,893 $28,230 $4,202,410 
Special mention2,985 307 1,427 786 2,993 3,596 585 435 13,114 
Substandard995 1,038 4,441 5,038 1,414 1,320 — 15,884 30,130 
Doubtful— — — — — 575 — — 575 
Loss— — — — — — — — — 
Total term, net$2,318,681 $353,437 $357,099 $260,551 $75,448 $240,986 $595,478 $44,549 $4,246,229 
Lines of credit & other, net
Credit quality indicator:
Pass$17,429 $22,326 $25,574 $791 $2,558 $594 $734,015 $6,303 $809,590 
Special mention4,037 — — — 77 324 38,772 4,089 47,299 
Substandard573 517 — — 252 940 29,218 6,390 37,890 
Doubtful— — — — — — 1 1 2 
Loss— — — — — — 1 — 1 
Total lines of credit & other, net$22,039 $22,843 $25,574 $791 $2,887 $1,858 $802,007 $16,783 $894,782 
Leases & equipment finance, net
Credit quality indicator:
Pass$409,148 $499,778 $275,149 $149,288 $77,733 $13,758 $— $— $1,424,854 
Special mention1,232 3,555 7,808 4,066 702 45 — — 17,408 
Substandard2,181 9,466 14,242 4,588 2,419 5,384 — — 38,280 
Doubtful892 5,194 4,809 2,937 1,205 169 — — 15,206 
Loss228 100 298 62 157 57 — — 902 
Total leases & equipment finance, net$413,681 $518,093 $302,306 $160,941 $82,216 $19,413 $— $— $1,496,650 
Total commercial$2,754,401 $894,373 $684,979 $422,283 $160,551 $262,257 $1,397,485 $61,332 $6,637,661 
Residential:
Mortgage, net
Credit quality indicator:
Pass$580,651 $1,281,752 $449,023 $462,024 $490,798 $744,660 $— $— $4,008,908 
Special mention— — 197 1,206 142 3,030 — — 4,575 
Substandard— 1,405 2,911 5,287 6,951 10,488 — — 27,042 
Doubtful— — — — — — — — — 
Loss— 1,269 — 190 — 432 — — 1,891 
Total mortgage, net$580,651 $1,284,426 $452,131 $468,707 $497,891 $758,610 $— $— $4,042,416 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202020202019201820172016PriorTotal
Home equity loans & lines, net
Credit quality indicator:
Pass$73 $— $21 $— $259 $18,245 $1,110,441 $39,035 $1,168,074 
Special mention— — — — — 75 1,849 929 2,853 
Substandard— — — — — 74 392 604 1,070 
Doubtful— — — — — — — — — 
Loss— — — — — 130 433 137 700 
Total home equity loans & lines, net$73 $— $21 $— $259 $18,524 $1,113,115 $40,705 $1,172,697 
Total residential$580,724 $1,284,426 $452,152 $468,707 $498,150 $777,134 $1,113,115 $40,705 $5,215,113 
Consumer & other, net:
Credit quality indicator:
Pass$19,644 $25,713 $13,427 $59,830 $28,164 $15,626 $152,320 $1,874 $316,598 
Special mention— 49 45 233 224 122 1,225 88 1,986 
Substandard14 33 — 40 20 9 157 59 332 
Doubtful— — — — — — — — — 
Loss— — — — — 11 2 — 13 
Total consumer & other, net$19,658 $25,795 $13,472 $60,103 $28,408 $15,768 $153,704 $2,021 $318,929 
Grand total$4,296,682 $4,477,132 $2,978,770 $2,526,796 $1,684,852 $3,511,243 $2,836,498 $114,500 $22,426,473