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Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Fair Value Disclosures [Abstract]    
Schedule Of Carrying Value And Fair Value Of Financial Instruments Not Recorded At Fair Value  
The following table presents estimated fair values of the Company's financial instruments as of December 31, 2020 and 2019, whether or not recognized or recorded at fair value in the Consolidated Balance Sheets:  
December 31, 2020December 31, 2019
(in thousands)LevelCarrying ValueFair ValueCarrying ValueFair Value
Financial assets:    
Cash and cash equivalents1$2,573,181 $2,573,181 $1,362,756 $1,362,756 
Equity and other investment securities1,283,077 83,077 80,165 80,165 
Investment securities available for sale22,932,558 2,932,558 2,814,682 2,814,682 
Investment securities held to maturity33,034 3,883 3,260 4,263 
Loans held for sale, at fair value2766,225 766,225 513,431 513,431 
Loans and leases, net
321,450,966 21,904,189 21,038,055 21,274,319 
Restricted equity securities141,666 41,666 46,463 46,463 
Residential mortgage servicing rights392,907 92,907 115,010 115,010 
Bank owned life insurance1323,470 323,470 320,611 320,611 
Derivatives2,3342,510 342,510 150,574 150,574 
Financial liabilities:    
Deposits1,2$24,622,201 $24,641,876 $22,481,504 $22,503,916 
Securities sold under agreements to repurchase2375,384 375,384 311,308 311,308 
Borrowings2771,482 774,586 906,635 906,160 
Junior subordinated debentures, at fair value3255,217 255,217 274,812 274,812 
Junior subordinated debentures, at amortized cost388,268 67,425 88,496 70,909 
Derivatives28,782 8,782 8,808 8,808 
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis
The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 and 2019:  
(in thousands)December 31, 2020
DescriptionTotalLevel 1Level 2Level 3
Financial assets:
Equity and other investment securities    
Investments in mutual funds and other securities$70,203 $52,866 $17,337 $— 
Equity securities held in rabbi trusts12,814 12,814 — — 
Other investments securities (1)
60 — 60 — 
Investment securities available for sale
U.S. Treasury and agencies762,202 — 762,202 — 
Obligations of states and political subdivisions279,511 — 279,511 — 
Residential mortgage-backed securities and collateralized mortgage obligations
1,890,845 — 1,890,845 — 
Loans held for sale, at fair value688,079 — 688,079 — 
Residential mortgage servicing rights, at fair value92,907 — — 92,907 
Derivatives
Interest rate lock commitments28,144 — — 28,144 
Interest rate forward sales commitments7 — 7 — 
Interest rate swaps313,090 — 313,090 — 
Foreign currency derivatives1,269 — 1,269 — 
Total assets measured at fair value$4,139,131 $65,680 $3,952,400 $121,051 
Financial liabilities:
Junior subordinated debentures, at fair value$255,217 $— $— $255,217 
Derivatives    
Interest rate forward sales commitments7,257 — 7,257 — 
Interest rate swaps370 — 370 — 
Foreign currency derivatives1,155 — 1,155 — 
Total liabilities measured at fair value$263,999 $— $8,782 $255,217 
(1) Other investment securities includes securities held by Umpqua Investments as trading debt securities.
(in thousands)December 31, 2019
DescriptionTotalLevel 1Level 2Level 3
Financial assets:
Equity and other investment securities    
Investments in mutual funds and other securities$67,133 $52,096 $15,037 $— 
Equity securities held in rabbi trusts12,147 12,147 — — 
Other investments securities (1)
885 — 885 — 
Investment securities available for sale     
U.S. Treasury and agencies643,604 — 643,604 — 
Obligations of states and political subdivisions261,094 — 261,094 — 
Residential mortgage-backed securities and collateralized mortgage obligations
1,909,984 — 1,909,984 — 
Loans held for sale, at fair value513,431 — 513,431 — 
Residential mortgage servicing rights, at fair value115,010 — — 115,010 
Derivatives    
Interest rate lock commitments7,056 — — 7,056 
Interest rate forward sales commitments105 — 105 — 
Interest rate swaps142,787 — 142,787 — 
Foreign currency derivatives626 — 626 — 
Total assets measured at fair value$3,673,862 $64,243 $3,487,553 $122,066 
Financial liabilities:
Junior subordinated debentures, at fair value$274,812 $— $— $274,812 
Derivatives    
Interest rate forward sales commitments1,351 — 1,351 — 
Interest rate swaps7,001 — 7,001 — 
Foreign currency derivatives456 — 456 — 
Total liabilities measured at fair value$283,620 $— $8,808 $274,812 
  
Schedule of a Description of the Valuation Technique, Unobservable Input, and Qualitative Information for the Company's Assets and Liabilities Classified as Level 3 The following table provides a description of the valuation technique, significant unobservable inputs, and qualitative information about the unobservable inputs for the Company's assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at December 31, 2020:  
Schedule Of Reconciliation Of Assets And Liabilities Measured At Fair Value Using Significant Unobservable Inputs (Level 3) On A Recurring Basis
The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the years ended December 31, 2020 and 2019. 
20202019
(in thousands)Residential mortgage servicing rightsInterest rate lock commitments, netJunior subordinated debentures, at fair valueResidential mortgage servicing rightsInterest rate lock commitments, netJunior subordinated debentures, at fair value
Beginning Balance$115,010 $7,056 $274,812 $169,025 $6,757 $300,870 
Change included in earnings(73,103)15,370 11,962 (44,783)5,652 18,183 
Change in fair values included in comprehensive income/loss— — (18,842)— — (25,855)
Purchases and issuances51,000 176,267 — 25,169 29,291 — 
Sales and settlements— (170,549)(12,715)(34,401)(34,644)(18,386)
Ending Balance$92,907 $28,144 $255,217 $115,010 $7,056 $274,812 
Change in unrealized gains or losses for the period included in earnings for assets held at end of period$(53,423)$28,144 $11,962 $(19,375)$7,056 $18,183 
Change in unrealized gains or losses for the period included in other comprehensive income for assets held at end of period$— $— $(18,842)$— $— $(25,855)

Changes in residential mortgage servicing rights carried at fair value are recorded in residential mortgage banking revenue within non-interest income. Gains (losses) on interest rate lock commitments carried at fair value are recorded in residential mortgage banking revenue within non-interest income. The contractual interest expense on the junior subordinated debentures is recorded on an accrual basis as interest on junior subordinated debentures within interest expense. Settlements related to the junior subordinated debentures represent the payment of accrued interest that is embedded in the fair value of these liabilities.
  
Fair Value Assets And Liabilities Measured On Nonrecurring Basis
The following tables present information about the Company's assets and liabilities measured at fair value on a nonrecurring basis for which a nonrecurring change in fair value has been recorded during the reporting period.  The amounts disclosed below represent the fair values at the time the nonrecurring fair value measurements were made, and not necessarily the fair value as of the dates reported upon.  
2020
(in thousands)TotalLevel 1Level 2Level 3
Loans and leases$8,231 $— $— $8,231 
Goodwill (Wholesale Bank and Retail Bank)— — — — 
Other real estate owned1,485 — — 1,485 
Total assets measured at fair value on a nonrecurring basis$9,716 $— $— $9,716 

2019
(in thousands)TotalLevel 1Level 2Level 3
Loans and leases$18,134 $— $— $18,134 
Other real estate owned2,079 — — 2,079 
Total assets measured at fair value on a nonrecurring basis$20,213 $— $— $20,213 
  
Losses Resulting From Nonrecurring Fair Value Adjustments  
The following table presents the losses resulting from nonrecurring fair value adjustments for the years ended December 31, 2020, 2019, and 2018:  
(in thousands)202020192018
Loans and leases$74,297 $67,956 $59,727 
Goodwill impairment (Wholesale Bank and Retail Bank)1,784,936 — — 
Other real estate owned499 3,013 1,277 
Total losses from nonrecurring measurements$1,859,732 $70,969 $61,004 
Fair Value Option
The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans held for sale accounted for under the fair value option as of December 31, 2020 and 2019:
December 31, 2020December 31, 2019
(in thousands)Fair ValueAggregate Unpaid Principal BalanceFair Value Less Aggregate Unpaid Principal BalanceFair ValueAggregate Unpaid Principal BalanceFair Value Less Aggregate Unpaid Principal Balance
Loans held for sale$688,079 $654,555 $33,524 $513,431 $496,683 $16,748