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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Activity In The Non-Covered Allowance For Loan And Lease Losses
The following table summarizes activity related to the allowance for credit losses by portfolio segment as of December 31, 2020: 
December 31, 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 (recapture) for credit losses for loans and leases (1)
86,186 101,478 (190)4,401 191,875 
Charge-offs(1,413)(76,488)(521)(6,074)(84,496)
Recoveries1,013 8,045 1,862 2,474 13,394 
Net (charge-offs) recoveries(400)(68,443)1,341 (3,600)(71,102)
Balance, end of period$141,710 $150,864 $27,964 $7,863 $328,401 
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 for credit losses on unfunded commitments (1)
10,796 138 245 763 11,942 
Balance, end of period15,360 2,190 1,661 1,075 20,286 
Total allowance for credit losses$157,070 $153,054 $29,625 $8,938 $348,687 
(1) The total provision for credit losses as disclosed on the income statement includes a provision of $1.0 million for the year ended December 31, 2020, related to an allowance for accrued interest on loans deferred due to COVID-19.
The following table summarizes activity related to the allowance for loan and lease losses by loan and lease portfolio segment and the reserve for unfunded commitments as of December 31, 2019:
December 31, 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 
Provision7,907 59,651 3,066 1,891 72,515 
Charge-offs(5,849)(62,098)(862)(6,896)(75,705)
Recoveries885 12,310 476 2,277 15,948 
Net charge-offs(4,964)(49,788)(386)(4,619)(59,757)
Balance, end of period$50,847 $73,820 $24,714 $8,248 $157,629 
Reserve for unfunded commitments
Balance, beginning of period$628 $2,250 $160 $1,485 $4,523 
(Recapture) provision for credit losses on unfunded commitments(94)289 (11)399 583 
Balance, end of period534 2,539 149 1,884 5,106 
Total allowance for credit losses$51,381 $76,359 $24,863 $10,132 $162,735 
Schedule of Reserve for Unfunded Commitments
The following table presents the unfunded commitments for the years ended December 31, 2020 and 2019: 
 (in thousands)
Unfunded loan and lease commitments:Total
December 31, 2020$5,672,009 
December 31, 2019$5,726,854 
Non-Covered Non-Accrual Loans And Loans Past Due December 31, 2020 and 2019: 
December 31, 2020
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due90+ Days and AccruingTotal Past Due
Non-Accrual (1)
Current & Other
Total Loans and Leases
Commercial real estate       
Non-owner occupied term, net$1,214 $21,309 $815 $23,338 $3,809 $3,478,655 $3,505,802 
Owner occupied term, net182 103 208 493 5,984 2,327,468 2,333,945 
Multifamily, net— 215 — 215 — 3,348,981 3,349,196 
Construction & development, net3,991 — — 3,991 — 824,487 828,478 
Residential development, net— — — — — 192,761 192,761 
Commercial
Term, net562 — 4 566 2,205 4,021,696 4,024,467 
Lines of credit & other, net1,491 2,667 7 4,165 336 858,259 862,760 
Leases & equipment finance, net14,242 18,220 4,796 37,258 18,742 1,400,630 1,456,630 
Residential 
Mortgage, net
1,587 3,912 27,713 33,212 — 3,838,694 3,871,906 
Home equity loans & lines, net844 544 2,463 3,851 — 1,132,213 1,136,064 
Consumer & other, net678 286 355 1,319 — 216,039 217,358 
Total, net of deferred fees and costs$24,791 $47,256 $36,361 $108,408 $31,076 $21,639,883 $21,779,367 
(1) Loans and leases on non-accrual with an amortized cost basis of $31.1 million had a related allowance for credit losses of $16.7 million at December 31, 2020.
December 31, 2019
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due90+ Days and AccruingTotal Past DueNon-Accrual
Current & Other (1)
Total Loans and Leases
Commercial real estate       
Non-owner occupied term, net$— $— $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 $4.3 million at December 31, 2019.
Collateral Dependent Loans and Leases
The following table summarizes the amortized cost basis of the collateral dependent loans and leases by the type of collateral securing the assets as of December 31, 2020. There have been no significant changes in the level of collateralization from the prior periods.
(in thousands)Residential Real EstateCommercial Real EstateGeneral Business AssetsOtherTotal
Commercial real estate
Non-owner occupied term, net$— $3,474 $— $— $3,474 
Owner occupied term, net— 5,432 — — 5,432 
Commercial
Term, net933 49 368 789 2,139 
Line of credit & other, net— — 140 197 337 
Leases & equipment finance, net— — 18,742 — 18,742 
Residential
Mortgage, net254,248 — — — 254,248 
Home equity loans & lines, net2,349 — — — 2,349 
Total net of deferred fees and costs$257,530 $8,955 $19,250 $986 $286,721 
Schedule Of Troubled Debt Restructurings December 31, 2020 and 2019: 
December 31, 2020
(in thousands)Accrual StatusNon-Accrual StatusTotal Modifications# of Contracts
Commercial real estate, net$1,345 $289 $1,634 7 
Commercial, net1,231 — 1,231 1 
Residential, net12,415 — 12,415 75 
Total, net of deferred fees and costs$14,991 $289 $15,280 83 
 
December 31, 2019
(in thousands)Accrual StatusNon-Accrual StatusTotal Modifications# 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 years ended December 31, 2020 and 2019:  

(in thousands)20202019
Commercial real estate, net$— $118 
Commercial, net8,508 1,842 
Residential, net15,397 7,549 
Consumer & other, net74 43 
Total, net of deferred fees and costs$23,979 $9,552 
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 December 31, 2020:
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 2020
20202019201820172016PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass/Watch$496,412 $677,975 $489,350 $379,691 $338,257 $932,207 $2,855 $4,139 $3,320,886 
Special mention13,281 1,432 40,899 2,800 31,699 27,167 — — 117,278 
Substandard3,129 2,668 19,951 3,062 19,806 18,586 — — 67,202 
Doubtful— — — — — 103 — — 103 
Loss— — — — — 333 — — 333 
Total non-owner occupied term, net$512,822 $682,075 $550,200 $385,553 $389,762 $978,396 $2,855 $4,139 $3,505,802 
Owner occupied term, net
Credit quality indicator:
Pass/Watch$284,698 $414,715 $321,900 $344,606 $257,969 $610,893 $6,270 $783 $2,241,834 
Special mention3,641 8,373 13,143 7,365 3,425 18,386 — — 54,333 
Substandard2,657 1,694 9,868 2,846 4,356 14,609 282 975 37,287 
Doubtful— — — — — 61 — — 61 
Loss— — — — — 430 — — 430 
Total owner occupied term, net$290,996 $424,782 $344,911 $354,817 $265,750 $644,379 $6,552 $1,758 $2,333,945 
Multifamily, net
Credit quality indicator:
Pass/Watch$383,871 $870,871 $593,076 $574,185 $276,108 $618,031 $23,282 $2,956 $3,342,380 
Special mention— — — — — 6,601 — — 6,601 
Substandard— — — 215 — — — — 215 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total multifamily, net$383,871 $870,871 $593,076 $574,400 $276,108 $624,632 $23,282 $2,956 $3,349,196 
Construction & development, net
Credit quality indicator:
Pass/Watch$146,012 $283,052 $255,449 $127,564 $— $372 $— $— $812,449 
Special mention1,637 — 14,392 — — — — — 16,029 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total construction & development, net$147,649 $283,052 $269,841 $127,564 $— $372 $— $— $828,478 
Residential development, net
Credit quality indicator:
Pass/Watch$17,188 $2,571 $2,151 $— $— $— $163,320 $2,507 $187,737 
Special mention— — — — — — 5,024 — 5,024 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total residential development, net$17,188 $2,571 $2,151 $— $— $— $168,344 $2,507 $192,761 
Total commercial real estate$1,352,526 $2,263,351 $1,760,179 $1,442,334 $931,620 $2,247,779 $201,033 $11,360 $10,210,182 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 2020
20202019201820172016PriorTotal
Commercial:
Term, net
Credit quality indicator:
Pass/Watch$2,146,758 $294,576 $323,744 $240,458 $67,502 $226,137 $626,878 $29,598 $3,955,651 
Special mention4,859 548 13,395 1,265 273 1,416 1,036 2,259 25,051 
Substandard251 1,105 24,845 7,259 1,137 561 — 8,029 43,187 
Doubtful— — — — — 578 — — 578 
Loss— — — — — — — — — 
Total term, net$2,151,868 $296,229 $361,984 $248,982 $68,912 $228,692 $627,914 $39,886 $4,024,467 
Lines of credit & other, net
Credit quality indicator:
Pass/Watch$27,503 $27,395 $26,731 $548 $1,679 $531 $709,606 $5,578 $799,571 
Special mention4,033 — — 1 77 299 42,882 271 47,563 
Substandard501 472 — 195 377 940 6,958 6,177 15,620 
Doubtful— — — — — — 4 — 4 
Loss— — — — — — 1 1 2 
Total lines of credit & other, net$32,037 $27,867 $26,731 $744 $2,133 $1,770 $759,451 $12,027 $862,760 
Leases & equipment finance, net
Credit quality indicator:
Pass/Watch$502,305 $442,692 $239,551 $125,619 $64,400 $7,619 $— $— $1,382,186 
Special mention2,321 4,918 7,765 3,797 1,983 99 — — 20,883 
Substandard6,999 7,193 11,617 1,945 2,081 157 — — 29,992 
Doubtful2,615 8,255 4,834 2,880 1,343 79 — — 20,006 
Loss101 1,481 1,015 635 309 22 — — 3,563 
Total leases & equipment finance, net$514,341 $464,539 $264,782 $134,876 $70,116 $7,976 $— $— $1,456,630 
Total commercial$2,698,246 $788,635 $653,497 $384,602 $141,161 $238,438 $1,387,365 $51,913 $6,343,857 
Residential:
Mortgage, net
Credit quality indicator:
Pass/Watch$809,232 $1,136,220 $393,041 $406,069 $424,270 $669,862 $— $— $3,838,694 
Special mention— 397 286 688 946 3,183 — — 5,500 
Substandard335 1,398 1,822 4,133 6,381 11,113 — — 25,182 
Doubtful— — — — — — — — — 
Loss— 1,314 — — — 1,216 — — 2,530 
Total mortgage, net$809,567 $1,139,329 $395,149 $410,890 $431,597 $685,374 $— $— $3,871,906 
Home equity loans & lines, net
Credit quality indicator:
Pass/Watch$40 $— $20 $— $259 $16,575 $1,077,753 $37,008 $1,131,655 
Special mention— — — — — 211 1,537 198 1,946 
Substandard— — — — — 43 254 233 530 
Doubtful— — — — — — — — — 
Loss— — — — — 182 1,107 644 1,933 
Total home equity loans & lines, net$40 $— $20 $— $259 $17,011 $1,080,651 $38,083 $1,136,064 
Total residential$809,607 $1,139,329 $395,169 $410,890 $431,856 $702,385 $1,080,651 $38,083 $5,007,970 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 2020
20202019201820172016PriorTotal
Consumer & other, net:
Credit quality indicator:
Pass/Watch$24,408 $22,802 $11,372 $4,170 $2,582 $4,101 $143,813 $2,789 $216,037 
Special mention— 95 79 27 28 3 660 74 966 
Substandard— 25 — — 2 — 205 110 342 
Doubtful— — — — — — — — — 
Loss— — — — — 10 3 — 13 
Total consumer & other, net$24,408 $22,922 $11,451 $4,197 $2,612 $4,114 $144,681 $2,973 $217,358 
Grand total$4,884,787 $4,214,237 $2,820,296 $2,242,023 $1,507,249 $3,192,716 $2,813,730 $104,329 $21,779,367