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Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2021
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 six months ended June 30, 2021 and 2020:
Three Months Ended June 30, 2021
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$154,475 $128,838 $21,090 $6,880 $311,283 
(Recapture) provision for credit losses for loans and leases (25,484)5,964 3,997 (2,252)(17,775)
Charge-offs(129)(16,093)— (857)(17,079)
Recoveries89 2,681 209 479 3,458 
Net (charge-offs) recoveries(40)(13,412)209 (378)(13,621)
Balance, end of period$128,951 $121,390 $25,296 $4,250 $279,887 
Reserve for unfunded commitments
Balance, beginning of period$15,668 $1,801 $1,288 $1,003 $19,760 
(Recapture) provision for credit losses on unfunded commitments(5,574)344 422 (413)(5,221)
Balance, end of period10,094 2,145 1,710 590 14,539 
Total allowance for credit losses$139,045 $123,535 $27,006 $4,840 $294,426 
Six Months Ended June 30, 2021
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$141,710 $150,864 $27,964 $7,863 $328,401 
(Recapture) provision for credit losses for loans and leases(13,058)1,461 (2,915)(2,737)(17,249)
Charge-offs(170)(35,707)(70)(2,047)(37,994)
Recoveries469 4,772 317 1,171 6,729 
Net recoveries (charge-offs)299 (30,935)247 (876)(31,265)
Balance, end of period$128,951 $121,390 $25,296 $4,250 $279,887 
Reserve for unfunded commitments
Balance, beginning of period15,360 2,190 1,661 1,075 20,286 
(Recapture) provision for credit losses on unfunded commitments(5,266)(45)49 (485)(5,747)
Balance, end of period10,094 2,145 1,710 590 14,539 
Total allowance for credit losses$139,045 $123,535 $27,006 $4,840 $294,426 
Three Months Ended June 30, 2020
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$99,778 $146,607 $34,251 $10,784 $291,420 
Provision for credit losses for loans and leases52,890 21,301 6,157 1,136 81,484 
Charge-offs— (17,549)(143)(1,761)(19,453)
Recoveries 160 2,256 283 595 3,294 
Net recoveries (charge-offs)160 (15,293)140 (1,166)(16,159)
Balance, end of period$152,828 $152,615 $40,548 $10,754 $356,745 
Reserve for unfunded commitments
Balance, beginning of period$15,760 $2,927 $1,741 $499 $20,927 
Provision (recapture) for credit losses on unfunded commitments5,048 (6)320 79 5,441 
Balance, end of period20,808 2,921 2,061 578 26,368 
Total allowance for credit losses$173,636 $155,536 $42,609 $11,332 $383,113 
Six Months Ended June 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 CECL adoption5,077 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 leases96,498 70,974 13,342 6,172 186,986 
Charge-offs— (40,157)(154)(3,597)(43,908)
Recoveries406 3,969 547 1,117 6,039 
Net recoveries (charge-offs)406 (36,188)393 (2,480)(37,869)
Balance, end of period$152,828 $152,615 $40,548 $10,754 $356,745 
Reserve for unfunded commitments
Balance, beginning of period$534 $2,539 $149 $1,884 $5,106 
Impact of CECL adoption4,030 (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 commitments16,244 869 645 266 18,024 
Balance, end of period20,808 2,921 2,061 578 26,368 
Total allowance for credit losses$173,636 $155,536 $42,609 $11,332 $383,113 
Loans and Leases Past Due and Non-Accrual Loans and Leases
The following tables present the carrying value of the loans and leases past due, by loan and lease class, as of June 30, 2021 and December 31, 2020:
June 30, 2021
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past DueGreater than 90 Days and AccruingTotal Past Due
Non-Accrual (1)
CurrentTotal Loans and Leases
Commercial real estate
Non-owner occupied term, net$— $434 $— $434 $3,563 $3,576,389 $3,580,386 
Owner occupied term, net224 1,797 1 2,022 5,471 2,390,833 2,398,326 
Multifamily, net578 — — 578 — 3,553,126 3,553,704 
Construction & development, net— — — — — 857,866 857,866 
Residential development, net— — — — — 193,904 193,904 
Commercial
Term, net265 141 8 414 3,875 3,743,980 3,748,269 
Lines of credit & other, net194 3,080 1 3,275 124 905,119 908,518 
Leases & equipment finance, net8,933 7,966 2,246 19,145 7,640 1,410,587 1,437,372 
Residential
Mortgage, net
1,422 3,117 24,888 29,427 — 4,116,005 4,145,432 
Home equity loans & lines, net1,195 141 1,760 3,096 — 1,115,182 1,118,278 
Consumer & other, net802 357 240 1,399 — 200,285 201,684 
Total, net of deferred fees and costs$13,613 $17,033 $29,144 $59,790 $20,673 $22,063,276 $22,143,739 
(1) Loans and leases on non-accrual with an amortized cost basis of $20.7 million had a related allowance for credit losses of $6.3 million at June 30, 2021.
December 31, 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)
Current and OtherTotal 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 $16.7 million at December 31, 2020.
Collateral Dependent Loans and Leases The following table summarizes the amortized cost basis of the collateral dependent loans and leases by the type of collateral securing the assets as of June 30, 2021. There have been no significant changes in the level of collateralization from the prior periods.
(in thousands)Residential Real EstateCommercial Real Estate General Business AssetsOtherTotal
Commercial real estate
  Non-owner occupied term, net$— $3,259 $— $— $3,259 
  Owner occupied term, net— 5,005 — — 5,005 
Commercial
   Term, net424 547 669 1,863 3,503 
   Line of credit & other, net— — 40 86 126 
   Leases & equipment finance, net— — 7,640 — 7,640 
Residential
   Mortgage, net28,116 — — — 28,116 
   Home equity loans & lines, net3,101 — — — 3,101 
Total net of deferred fees and costs$31,641 $8,811 $8,349 $1,949 $50,750 
Schedule of Reserve for Unfunded Commitments The following table presents the unfunded commitments for the period ended June 30, 2021 and 2020:
(in thousands)Total
Unfunded loan and lease commitments
June 30, 2021
$6,022,792 
June 30, 2020
$5,849,611 
Schedule Of Troubled Debt Restructurings
The following tables present TDR loans by accrual versus non-accrual status and by portfolio segment as of June 30, 2021 and December 31, 2020:
June 30, 2021
(in thousands)Accrual StatusNon-Accrual Status Total Modification# of Contracts
Commercial real estate, net$1,288 $79 $1,367 7 
Residential, net11,753 — 11,753 68 
Consumer & other, net31 — 31 5 
Total, net of deferred fees and costs$13,072 $79 $13,151 80 
December 31, 2020
(in thousands)Accrual StatusNon-Accrual StatusTotal Modification# 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 

The following table presents loans that were determined to be TDRs during the three and six months ended June 30, 2021 and 2020:
Three Months EndedSix Months Ended
(in thousands)June 30, 2021June 30, 2020June 30, 2021June 30, 2020
Commercial, net$— $8,508 $— $8,508 
Residential, net2,532 756 4,242 6,434 
Consumer & other, net9 50 36 74 
Total, net of deferred fees and costs$2,541 $9,314 $4,278 $15,016 
Internal Risk Rating By Loan Class The following tables represent 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 June 30, 2021 and December 31, 2020:
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
June 30, 202120212020201920182017PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass/Watch$367,243 $461,782 $649,801 $459,252 $344,447 $1,101,517 $1,438 $4,086 $3,389,566 
Special mention10,800 2,232 5,828 40,838 2,768 60,785 — — 123,251 
Substandard831 2,034 2,637 20,911 3,128 37,784 — — 67,325 
Doubtful— — — — — — — — — 
Loss— — — — — 244 — — 244 
Total non-owner occupied term, net$378,874 $466,048 $658,266 $521,001 $350,343 $1,200,330 $1,438 $4,086 $3,580,386 
Owner occupied term, net
Credit quality indicator:
Pass/Watch$329,351 $260,024 $389,611 $289,634 $303,909 $740,316 $5,205 $759 $2,318,809 
Special mention557 897 7,579 20,882 10,196 18,878 — — 58,989 
Substandard— — 891 2,891 211 16,027 — — 20,020 
Doubtful— — — — — 78 — — 78 
Loss— — — — — 430 — — 430 
Total owner occupied term, net$329,908 $260,921 $398,081 $313,407 $314,316 $775,729 $5,205 $759 $2,398,326 
Multifamily, net
Credit quality indicator:
Pass/Watch$603,948 $369,149 $843,505 $499,080 $495,286 $705,357 $22,941 $2,940 $3,542,206 
Special mention— — — — — 2,095 — — 2,095 
Substandard— — — — 9,403 — — — 9,403 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total multifamily, net$603,948 $369,149 $843,505 $499,080 $504,689 $707,452 $22,941 $2,940 $3,553,704 
Construction & development, net
Credit quality indicator:
Pass/Watch$47,913 $278,333 $282,973 $159,126 $67,967 $214 $— $— $836,526 
Special mention— 1,635 — 11,693 — — — — 13,328 
Substandard— — — 8,012 — — — — 8,012 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total construction & development, net$47,913 $279,968 $282,973 $178,831 $67,967 $214 $— $— $857,866 
Residential development, net
Credit quality indicator:
Pass/Watch$11,419 $19,512 $— $— $— $— $155,115 $7,858 $193,904 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total residential development, net$11,419 $19,512 $— $— $— $— $155,115 $7,858 $193,904 
Total commercial real estate$1,372,062 $1,395,598 $2,182,825 $1,512,319 $1,237,315 $2,683,725 $184,699 $15,643 $10,584,186 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
June 30, 202120212020201920182017PriorTotal
Commercial:
Term, net
Credit quality indicator:
Pass/Watch$1,033,785 $962,345 $262,608 $256,230 $194,263 $261,426 $642,063 $22,184 $3,634,904 
Special mention15,000 235 — 29,674 613 1,649 27,087 1,750 76,008 
Substandard18,491 11 1,800 1,454 6,720 1,572 — 5,952 36,000 
Doubtful— 6 — 417 932 2 — — 1,357 
Loss— — — — — — — — — 
Total term, net$1,067,276 $962,597 $264,408 $287,775 $202,528 $264,649 $669,150 $29,886 $3,748,269 
Lines of credit & other, net
Credit quality indicator:
Pass/Watch$20,553 $18,984 $17,698 $18,413 $379 $2,019 $799,448 $4,003 $881,497 
Special mention— — — 134 — 249 15,318 2,106 17,807 
Substandard— 489 441 — 85 958 3,167 4,072 9,212 
Doubtful— — — — — — — — — 
Loss— — — — — — 1 1 2 
Total lines of credit & other, net$20,553 $19,473 $18,139 $18,547 $464 $3,226 $817,934 $10,182 $908,518 
Leases & equipment finance, net
Credit quality indicator:
Pass/Watch$314,467 $404,999 $360,495 $184,314 $84,164 $49,925 $— $— $1,398,364 
Special mention1,254 1,954 3,269 3,067 731 331 — — 10,606 
Substandard893 6,407 2,394 6,947 1,012 882 — — 18,535 
Doubtful475 2,226 3,293 1,498 529 238 — — 8,259 
Loss— 355 716 293 198 46 — — 1,608 
Total leases & equipment finance, net$317,089 $415,941 $370,167 $196,119 $86,634 $51,422 $— $— $1,437,372 
Total commercial$1,404,918 $1,398,011 $652,714 $502,441 $289,626 $319,297 $1,487,084 $40,068 $6,094,159 
Residential:
Mortgage, net
Credit quality indicator:
Pass/Watch$1,156,224 $793,299 $828,396 $258,517 $280,694 $798,874 $— $— $4,116,004 
Special mention248 — 899 496 563 2,334 — — 4,540 
Substandard— 591 2,835 1,254 3,087 16,134 — — 23,901 
Doubtful— — — — — — — — — 
Loss— — 911 — — 76 — — 987 
Total mortgage, net$1,156,472 $793,890 $833,041 $260,267 $284,344 $817,418 $— $— $4,145,432 
Home equity loans & lines, net
Credit quality indicator:
Pass/Watch$123 $9 $— $19 $— $14,114 $1,066,462 $34,455 $1,115,182 
Special mention— — — — — 86 818 432 1,336 
Substandard— — — — — 55 1,083 228 1,366 
Doubtful— — — — — — — — — 
Loss— — — — — 192 2 200 394 
Total home equity loans & lines, net$123 $9 $— $19 $— $14,447 $1,068,365 $35,315 $1,118,278 
Total residential$1,156,595 $793,899 $833,041 $260,286 $284,344 $831,865 $1,068,365 $35,315 $5,263,710 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
June 30, 202120212020201920182017PriorTotal
Consumer & other, net:
Credit quality indicator:
Pass/Watch$11,492 $14,519 $17,174 $8,162 $5,474 $6,812 $133,940 $2,712 $200,285 
Special mention— 11 42 7 200 165 632 101 1,158 
Substandard— — 18 30 — 33 134 16 231 
Doubtful— — — — — — — — — 
Loss— — — — — 7 3 — 10 
Total consumer & other, net$11,492 $14,530 $17,234 $8,199 $5,674 $7,017 $134,709 $2,829 $201,684 
Grand total$3,945,067 $3,602,038 $3,685,814 $2,283,245 $1,816,959 $3,841,904 $2,874,857 $93,855 $22,143,739 

(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202020202019201820172016PriorTotal
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 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202020202019201820172016PriorTotal
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 
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 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202020202019201820172016PriorTotal
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 
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