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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020:
Three Months Ended September 30, 2021
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$128,951 $121,390 $25,296 $4,250 $279,887 
(Recapture) provision for credit losses for loans and leases (20,141)2,719 1,703 (413)(16,132)
Charge-offs(916)(8,521)— (936)(10,373)
Recoveries120 3,346 281 431 4,178 
Net (charge-offs) recoveries(796)(5,175)281 (505)(6,195)
Balance, end of period$108,014 $118,934 $27,280 $3,332 $257,560 
Reserve for unfunded commitments
Balance, beginning of period$10,094 $2,145 $1,710 $590 $14,539 
(Recapture) provision for credit losses on unfunded commitments(3,273)440 247 (201)(2,787)
Balance, end of period6,821 2,585 1,957 389 11,752 
Total allowance for credit losses$114,835 $121,519 $29,237 $3,721 $269,312 
Nine Months Ended September 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(33,199)4,180 (1,212)(3,150)(33,381)
Charge-offs(1,086)(44,228)(70)(2,983)(48,367)
Recoveries589 8,118 598 1,602 10,907 
Net (charge-offs) recoveries(497)(36,110)528 (1,381)(37,460)
Balance, end of period$108,014 $118,934 $27,280 $3,332 $257,560 
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(8,539)395 296 (686)(8,534)
Balance, end of period6,821 2,585 1,957 389 11,752 
Total allowance for credit losses$114,835 $121,519 $29,237 $3,721 $269,312 
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(18,834)25,603 (5,641)657 1,785 
Charge-offs— (15,426)(120)(1,100)(16,646)
Recoveries 61 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(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 
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 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 leases77,664 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 CECL adoption4,030 (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 commitments15,864 (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 
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 September 30, 2021 and December 31, 2020:
September 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$1,750 $— $— $1,750 $3,417 $3,556,597 $3,561,764 
Owner occupied term, net1,416 343 1 1,760 2,535 2,326,043 2,330,338 
Multifamily, net9,389 — — 9,389 — 3,803,635 3,813,024 
Construction & development, net— — — — — 882,778 882,778 
Residential development, net— — — — — 177,148 177,148 
Commercial
Term, net211 82 2 295 5,511 3,153,660 3,159,466 
Lines of credit & other, net501 5,820 3 6,324 930 923,096 930,350 
Leases & equipment finance, net8,502 7,347 2,449 18,298 11,759 1,427,191 1,457,248 
Residential
Mortgage, net
943 2,728 23,957 27,628 — 4,303,232 4,330,860 
Home equity loans & lines, net1,182 414 962 2,558 — 1,131,265 1,133,823 
Consumer & other, net455 243 116 814 — 192,327 193,141 
Total, net of deferred fees and costs$24,349 $16,977 $27,490 $68,816 $24,152 $21,876,972 $21,969,940 
(1) Loans and leases on non-accrual with an amortized cost basis of $24.2 million had a related allowance for credit losses of $7.3 million at September 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 $16.7 million at December 31, 2020.
Collateral Dependent Loans and Leases The following table summarizes the amortized cost basis of the collateral dependent loans and leases by the type of collateral securing the assets as of September 30, 2021. There have been no significant changes in the level of collateralization from the prior periods.
(in thousands)Residential Real EstateCommercial Real Estate General Business AssetsOtherTotal
Commercial real estate
  Non-owner occupied term, net$— $3,121 $— $— $3,121 
  Owner occupied term, net— 2,123 — — 2,123 
Commercial
   Term, net1,356 536 779 2,454 5,125 
   Line of credit & other, net— — 930 1 931 
   Leases & equipment finance, net— — 11,759 — 11,759 
Residential
   Mortgage, net27,988 — — — 27,988 
   Home equity loans & lines, net2,937 — — — 2,937 
Total net of deferred fees and costs$32,281 $5,780 $13,468 $2,455 $53,984 
Schedule of Reserve for Unfunded Commitments The following table presents the unfunded commitments for the period ended September 30, 2021 and 2020:
(in thousands)Total
Unfunded loan and lease commitments
September 30, 2021
$6,302,898 
September 30, 2020
$5,887,887 
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, 2021 and December 31, 2020:
September 30, 2021
(in thousands)Accrual StatusNon-Accrual Status Total Modification# of Contracts
Commercial real estate, net$1,061 $70 $1,131 5 
Residential, net8,762 — 8,762 45 
Consumer & other, net26 — 26 3 
Total, net of deferred fees and costs$9,849 $70 $9,919 53 
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 nine months ended September 30, 2021 and 2020:
Three Months EndedNine Months Ended
(in thousands)September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Commercial, net$— $— $— $8,508 
Residential, net1,661 7,029 5,903 13,463 
Consumer & other, net— — 36 74 
Total, net of deferred fees and costs$1,661 $7,029 $5,939 $22,045 
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 September 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
September 30, 202120212020201920182017PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass/Watch$526,979 $452,318 $626,217 $451,713 $323,746 $1,017,904 $1,853 $4,060 $3,404,790 
Special mention10,693 933 5,791 36,676 — 48,995 — — 103,088 
Substandard829 2,020 2,616 20,787 3,008 24,296 — — 53,556 
Doubtful— — — — — 86 — — 86 
Loss— — — — — 244 — — 244 
Total non-owner occupied term, net$538,501 $455,271 $634,624 $509,176 $326,754 $1,091,525 $1,853 $4,060 $3,561,764 
Owner occupied term, net
Credit quality indicator:
Pass/Watch$375,653 $254,143 $390,432 $283,285 $282,030 $674,773 $5,187 $748 $2,266,251 
Special mention550 897 7,977 11,685 9,322 19,095 — — 49,526 
Substandard— — 703 968 — 12,393 — — 14,064 
Doubtful— — — — — 67 — — 67 
Loss— — — — — 430 — — 430 
Total owner occupied term, net$376,203 $255,040 $399,112 $295,938 $291,352 $706,758 $5,187 $748 $2,330,338 
Multifamily, net
Credit quality indicator:
Pass/Watch$1,124,021 $386,911 $794,320 $427,943 $421,530 $621,542 $23,182 $2,936 $3,802,385 
Special mention— — — — — 1,250 — — 1,250 
Substandard— — — — 9,389 — — — 9,389 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total multifamily, net$1,124,021 $386,911 $794,320 $427,943 $430,919 $622,792 $23,182 $2,936 $3,813,024 
Construction & development, net
Credit quality indicator:
Pass/Watch$132,710 $321,591 $275,301 $105,270 $27,688 $172 $2,380 $— $865,112 
Special mention— 1,635 — 7,600 — — — — 9,235 
Substandard— — — 8,431 — — — — 8,431 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total construction & development, net$132,710 $323,226 $275,301 $121,301 $27,688 $172 $2,380 $— $882,778 
Residential development, net
Credit quality indicator:
Pass/Watch$15,260 $15,391 $— $— $— $— $136,948 $9,549 $177,148 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total residential development, net$15,260 $15,391 $— $— $— $— $136,948 $9,549 $177,148 
Total commercial real estate$2,186,695 $1,435,839 $2,103,357 $1,354,358 $1,076,713 $2,421,247 $169,550 $17,293 $10,765,052 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202120212020201920182017PriorTotal
Commercial:
Term, net
Credit quality indicator:
Pass/Watch$1,024,743 $511,451 $237,257 $238,367 $186,079 $238,496 $594,949 $15,062 $3,046,404 
Special mention15,000 7,501 122 29,182 642 1,181 26,795 239 80,662 
Substandard16,469 650 1,772 1,379 3,647 1,648 — 5,548 31,113 
Doubtful— — — — 869 1 — — 870 
Loss— — — 417 — — — — 417 
Total term, net$1,056,212 $519,602 $239,151 $269,345 $191,237 $241,326 $621,744 $20,849 $3,159,466 
Lines of credit & other, net
Credit quality indicator:
Pass/Watch$33,823 $11,766 $16,996 $17,615 $357 $1,888 $772,450 $2,997 $857,892 
Special mention496 — — 134 — 224 15,364 2,009 18,227 
Substandard— 476 — — — 1,118 47,428 5,205 54,227 
Doubtful— — — — — — 2 — 2 
Loss— — — — — — 1 1 2 
Total lines of credit & other, net$34,319 $12,242 $16,996 $17,749 $357 $3,230 $835,245 $10,212 $930,350 
Leases & equipment finance, net
Credit quality indicator:
Pass/Watch$468,180 $366,626 $322,365 $161,696 $58,870 $44,112 $— $— $1,421,849 
Special mention2,193 1,980 2,349 1,869 706 170 — — 9,267 
Substandard1,650 6,179 2,279 4,380 741 263 — — 15,492 
Doubtful2,273 2,494 2,373 1,506 748 70 — — 9,464 
Loss— 446 454 104 158 14 — — 1,176 
Total leases & equipment finance, net$474,296 $377,725 $329,820 $169,555 $61,223 $44,629 $— $— $1,457,248 
Total commercial$1,564,827 $909,569 $585,967 $456,649 $252,817 $289,185 $1,456,989 $31,061 $5,547,064 
Residential:
Mortgage, net
Credit quality indicator:
Pass/Watch$1,700,114 $722,986 $702,425 $220,512 $246,799 $710,397 $— $— $4,303,233 
Special mention— — 780 81 488 2,321 — — 3,670 
Substandard431 597 2,046 1,064 3,105 15,070 — — 22,313 
Doubtful— — — — — — — — — 
Loss— — 907 — — 737 — — 1,644 
Total mortgage, net$1,700,545 $723,583 $706,158 $221,657 $250,392 $728,525 $— $— $4,330,860 
Home equity loans & lines, net
Credit quality indicator:
Pass/Watch$135 $2 $— $19 $— $12,476 $1,086,719 $31,913 $1,131,264 
Special mention— — — — — 60 1,285 251 1,596 
Substandard— — — — — 134 321 152 607 
Doubtful— — — — — — — — — 
Loss— — — — — 36 93 227 356 
Total home equity loans & lines, net$135 $2 $— $19 $— $12,706 $1,088,418 $32,543 $1,133,823 
Total residential$1,700,680 $723,585 $706,158 $221,676 $250,392 $741,231 $1,088,418 $32,543 $5,464,683 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202120212020201920182017PriorTotal
Consumer & other, net:
Credit quality indicator:
Pass/Watch$13,616 $12,411 $14,605 $6,621 $4,589 $5,729 $132,063 $2,692 $192,326 
Special mention— 39 58 — 175 186 203 38 699 
Substandard— — 22 — — 15 10 59 106 
Doubtful— — — — — — — — — 
Loss— — — — — 7 3 — 10 
Total consumer & other, net$13,616 $12,450 $14,685 $6,621 $4,764 $5,937 $132,279 $2,789 $193,141 
Grand total$5,465,818 $3,081,443 $3,410,167 $2,039,304 $1,584,686 $3,457,600 $2,847,236 $83,686 $21,969,940 

(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