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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2022
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, 2022 and 2021:
Three Months Ended September 30, 2022
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$88,983 $131,455 $36,586 $4,087 $261,111 
(Recapture) provision for credit losses for loans and leases (3,563)26,762 4,307 1,036 28,542 
Charge-offs— (9,459)(4)(929)(10,392)
Recoveries123 2,842 249 590 3,804 
Net recoveries (charge-offs)123 (6,617)245 (339)(6,588)
Balance, end of period$85,543 $151,600 $41,138 $4,784 $283,065 
Reserve for unfunded commitments
Balance, beginning of period$7,351 $2,232 $2,735 $505 $12,823 
(Recapture) provision for credit losses on unfunded commitments(1,994)579 304 141 (970)
Balance, end of period5,357 2,811 3,039 646 11,853 
Total allowance for credit losses$90,900 $154,411 $44,177 $5,430 $294,918 
Nine Months Ended September 30, 2022
(in thousands)Commercial Real EstateCommercialResidentialConsumer & OtherTotal
Allowance for credit losses on loans and leases
Balance, beginning of period$99,075 $117,573 $29,068 $2,696 $248,412 
(Recapture) provision for credit losses for loans and leases(13,745)52,058 11,603 3,109 53,025 
Charge-offs(8)(26,352)(171)(2,650)(29,181)
Recoveries221 8,321 638 1,629 10,809 
Net recoveries (charge-offs)213 (18,031)467 (1,021)(18,372)
Balance, end of period$85,543 $151,600 $41,138 $4,784 $283,065 
Reserve for unfunded commitments
Balance, beginning of period$8,461 $2,028 $1,957 $321 $12,767 
(Recapture) provision for credit losses on unfunded commitments(3,104)783 1,082 325 (914)
Balance, end of period5,357 2,811 3,039 646 11,853 
Total allowance for credit losses$90,900 $154,411 $44,177 $5,430 $294,918 
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)
Recoveries 120 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 period$15,360 $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 
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, 2022 and December 31, 2021:
September 30, 2022
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due 90 Days or More and AccruingTotal Past Due
Non-Accrual (1)
CurrentTotal Loans and Leases
Commercial real estate
Non-owner occupied term, net$321 $— $— $321 $3,282 $3,842,823 $3,846,426 
Owner occupied term, net282 24 1 307 2,121 2,547,333 2,549,761 
Multifamily, net— — — — — 5,090,661 5,090,661 
Construction & development, net— — — — — 1,036,931 1,036,931 
Residential development, net— — — — — 205,935 205,935 
Commercial
Term, net3,743 4,073 1 7,817 3,945 2,991,662 3,003,424 
Lines of credit & other, net778 83 6 867 86 913,554 914,507 
Leases & equipment finance, net15,628 14,952 5,136 35,716 14,621 1,619,480 1,669,817 
Residential
Mortgage, net (2)
869 8,518 20,717 30,104 — 5,440,520 5,470,624 
Home equity loans & lines, net2,406 1,191 1,716 5,313 — 1,559,781 1,565,094 
Consumer & other, net420 250 152 822 — 153,949 154,771 
Total, net of deferred fees and costs$24,447 $29,091 $27,729 $81,267 $24,055 $25,402,629 $25,507,951 
(1) Loans and leases on non-accrual with an amortized cost basis of $24.1 million had a related allowance for credit losses of $13.1 million at September 30, 2022.
(2) Includes government guaranteed mortgage loans that Umpqua has the right but not the obligation to repurchase that are past due 90 days or more, totaling $1.0 million at September 30, 2022.
December 31, 2021
(in thousands)Greater than 30 to 59 Days Past Due60 to 89 Days Past Due90 Days or More and AccruingTotal Past Due
Non-Accrual (1)
Current and OtherTotal Loans and Leases
Commercial real estate
Non-owner occupied term, net$388 $1,138 $— $1,526 $3,384 $3,781,977 $3,786,887 
Owner occupied term, net101 65 1 167 2,383 2,329,872 2,332,422 
Multifamily, net— — — — — 4,051,202 4,051,202 
Construction & development, net— — — — — 890,338 890,338 
Residential development, net— — — — — 206,990 206,990 
Commercial
Term, net4,627 2,345 4 6,976 4,225 2,997,272 3,008,473 
Lines of credit & other, net300 2 357 659 — 910,074 910,733 
Leases & equipment finance, net6,806 8,951 3,799 19,556 8,873 1,439,247 1,467,676 
Residential
Mortgage, net
802 3,668 27,249 31,719 — 4,485,547 4,517,266 
Home equity loans & lines, net1,214 491 732 2,437 — 1,194,733 1,197,170 
Consumer & other, net396 386 194 976 — 183,047 184,023 
Total, net of deferred fees and costs$14,634 $17,046 $32,336 $64,016 $18,865 $22,470,299 $22,553,180 
(1) Loans and leases on non-accrual with an amortized cost basis of $18.9 million had a related allowance for credit losses of $7.5 million at December 31, 2021.
Collateral Dependent Loans and Leases The following table summarizes the amortized cost basis of the collateral dependent loans and leases by the type of collateral securing the assets as of September 30, 2022. There have been no significant changes in the level of collateralization from the prior periods.
(in thousands)Residential Real EstateCommercial Real Estate General Business AssetsOtherTotal
Commercial real estate
  Non-owner occupied term, net$— $3,059 $— $— $3,059 
  Owner occupied term, net— 1,879 — — 1,879 
Commercial
   Term, net1,092 520 1,922 — 3,534 
   Line of credit & other, net— — 86 1 87 
   Leases & equipment finance, net— — 14,621 — 14,621 
Residential
   Mortgage, net38,051 — — — 38,051 
   Home equity loans & lines, net3,497 — — — 3,497 
Total net of deferred fees and costs$42,640 $5,458 $16,629 $1 $64,728 
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, 2022 and December 31, 2021:
September 30, 2022
(in thousands)Accrual StatusNon-Accrual Status Total Modification# of Contracts
Commercial real estate, net$278 $32 $310 3 
Residential, net6,785 — 6,785 42 
Consumer & other, net13 — 13 2 
Total, net of deferred fees and costs$7,076 $32 $7,108 47 
December 31, 2021
(in thousands)Accrual StatusNon-Accrual StatusTotal Modification# of Contracts
Commercial real estate, net$1,031 $59 $1,090 5 
Residential, net5,641 — 5,641 35 
Consumer & other, net22 — 22 3 
Total, net of deferred fees and costs$6,694 $59 $6,753 43 

The following table presents loans that were determined to be TDRs during the three and nine months ended September 30, 2022 and 2021:
Three Months EndedNine Months Ended
(in thousands)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Commercial real estate, net$278 $— $278 $— 
Residential, net$1,405 $1,661 5,611 5,903 
Consumer & other, net— — — 36 
Total, net of deferred fees and costs$1,683 $1,661 $5,889 $5,939 
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, 2022 and December 31, 2021:
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202220222021202020192018PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass/Watch$611,283 $779,385 $394,345 $572,015 $396,511 $1,003,038 $1,015 $4,502 $3,762,094 
Special mention893 18,188 373 4,628 4,028 10,825 — — 38,935 
Substandard2,559 797 1,960 — 33,202 6,583 — — 45,101 
Doubtful— — — — — 52 — — 52 
Loss— — — — — 244 — — 244 
Total non-owner occupied term, net$614,735 $798,370 $396,678 $576,643 $433,741 $1,020,742 $1,015 $4,502 $3,846,426 
Owner occupied term, net
Credit quality indicator:
Pass/Watch$558,055 $562,282 $188,825 $333,328 $214,471 $641,716 $4,532 $119 $2,503,328 
Special mention2,103 — — 3,483 12,163 11,688 — — 29,437 
Substandard— 1,658 404 660 1,362 12,808 — — 16,892 
Doubtful— — — — — — — — — 
Loss— — — — — 104 — — 104 
Total owner occupied term, net$560,158 $563,940 $189,229 $337,471 $227,996 $666,316 $4,532 $119 $2,549,761 
Multifamily, net
Credit quality indicator:
Pass/Watch$1,641,219 $1,619,672 $366,586 $656,951 $236,674 $541,995 $24,649 $2,915 $5,090,661 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total multifamily, net$1,641,219 $1,619,672 $366,586 $656,951 $236,674 $541,995 $24,649 $2,915 $5,090,661 
Construction & development, net
Credit quality indicator:
Pass/Watch$133,105 $471,095 $247,657 $112,484 $27,875 $18,228 $2,390 $— $1,012,834 
Special mention— 12,571 — 11,526 — — — — 24,097 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total construction & development, net$133,105 $483,666 $247,657 $124,010 $27,875 $18,228 $2,390 $— $1,036,931 
Residential development, net
Credit quality indicator:
Pass/Watch$27,328 $18,597 $1,250 $— $— $— $158,760 $— $205,935 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total residential development, net$27,328 $18,597 $1,250 $— $— $— $158,760 $— $205,935 
Total commercial real estate$2,976,545 $3,484,245 $1,201,400 $1,695,075 $926,286 $2,247,281 $191,346 $7,536 $12,729,714 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202220222021202020192018PriorTotal
Commercial:
Term, net
Credit quality indicator:
Pass/Watch$639,802 $719,847 $186,897 $174,050 $136,346 $297,180 $698,264 $45,295 $2,897,681 
Special mention— 3,459 23 94 1,612 30,388 — 869 36,445 
Substandard— 3,099 8,123 7 26,854 2,448 26,880 813 68,224 
Doubtful— — 657 — — — — — 657 
Loss— — — — 417 — — — 417 
Total term, net$639,802 $726,405 $195,700 $174,151 $165,229 $330,016 $725,144 $46,977 $3,003,424 
Lines of credit & other, net
Credit quality indicator:
Pass/Watch$41,018 $8,347 $4,909 $15,459 $8,967 $1,298 $793,610 $16,818 $890,426 
Special mention— — — — — — 7,637 273 7,910 
Substandard— 356 — — — 1,103 7,933 6,779 16,171 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total lines of credit & other, net$41,018 $8,703 $4,909 $15,459 $8,967 $2,401 $809,180 $23,870 $914,507 
Leases & equipment finance, net
Credit quality indicator:
Pass/Watch$662,587 $413,258 $224,418 $176,694 $79,557 $47,081 $— $— $1,603,595 
Special mention4,797 6,434 2,334 2,953 1,146 1,171 — — 18,835 
Substandard6,292 7,367 3,388 2,502 1,687 294 — — 21,530 
Doubtful6,053 10,491 3,665 3,299 893 223 — — 24,624 
Loss414 476 163 130 38 12 — — 1,233 
Total leases & equipment finance, net$680,143 $438,026 $233,968 $185,578 $83,321 $48,781 $— $— $1,669,817 
Total commercial$1,360,963 $1,173,134 $434,577 $375,188 $257,517 $381,198 $1,534,324 $70,847 $5,587,748 
Residential:
Mortgage, net
Credit quality indicator:
Pass/Watch$1,267,843 $2,376,164 $491,918 $478,631 $148,352 $678,634 $— $— $5,441,542 
Special mention433 595 1,546 901 1,016 4,896 — — 9,387 
Substandard— 2,246 1,081 2,858 1,936 11,098 — — 19,219 
Doubtful— — — — — — — — — 
Loss— 233 — 237 — 6 — — 476 
Total mortgage, net$1,268,276 $2,379,238 $494,545 $482,627 $151,304 $694,634 $— $— $5,470,624 
Home equity loans & lines, net
Credit quality indicator:
Pass/Watch$1,028 $652 $— $— $17 $8,243 $1,519,724 $30,115 $1,559,779 
Special mention— — — — — 63 2,955 580 3,598 
Substandard— — — — — 133 625 484 1,242 
Doubtful— — — — — — — — — 
Loss— — — — — 52 193 230 475 
Total home equity loans & lines, net$1,028 $652 $— $— $17 $8,491 $1,523,497 $31,409 $1,565,094 
Total residential$1,269,304 $2,379,890 $494,545 $482,627 $151,321 $703,125 $1,523,497 $31,409 $7,035,718 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
September 30, 202220222021202020192018PriorTotal
Consumer & other, net:
Credit quality indicator:
Pass/Watch$14,687 $8,542 $7,593 $7,282 $3,139 $5,076 $106,881 $753 $153,953 
Special mention10 9 21 33 24 182 364 28 671 
Substandard— — 2 7 27 23 66 15 140 
Doubtful— — — — — — — — — 
Loss— — — — — 7 — — 7 
Total consumer & other, net$14,697 $8,551 $7,616 $7,322 $3,190 $5,288 $107,311 $796 $154,771 
Grand total$5,621,509 $7,045,820 $2,138,138 $2,560,212 $1,338,314 $3,336,892 $3,356,478 $110,588 $25,507,951 

(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202120212020201920182017PriorTotal
Commercial real estate:
Non-owner occupied term, net
Credit quality indicator:
Pass/Watch$901,230 $434,875 $618,879 $431,098 $308,872 $942,501 $1,313 $3,679 $3,642,447 
Special mention— 1,311 1,411 12,252 844 38,268 — — 54,086 
Substandard19,270 2,214 2,605 53,312 2,990 9,641 — — 90,032 
Doubtful— — — — — 78 — — 78 
Loss— — — — — 244 — — 244 
Total non-owner occupied term, net$920,500 $438,400 $622,895 $496,662 $312,706 $990,732 $1,313 $3,679 $3,786,887 
Owner occupied term, net
Credit quality indicator:
Pass/Watch$594,677 $237,814 $369,483 $245,707 $227,201 $601,934 $5,017 $737 $2,282,570 
Special mention— — 7,445 10,739 4,936 12,219 — — 35,339 
Substandard— 897 674 1,815 — 10,697 — — 14,083 
Doubtful— — — — — — — — — 
Loss— — — — — 430 — — 430 
Total owner occupied term, net$594,677 $238,711 $377,602 $258,261 $232,137 $625,280 $5,017 $737 $2,332,422 
Multifamily, net
Credit quality indicator:
Pass/Watch$1,700,221 $380,506 $748,207 $346,192 $334,688 $510,385 $26,475 $2,931 $4,049,605 
Special mention— — — — — 1,597 — — 1,597 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total multifamily, net$1,700,221 $380,506 $748,207 $346,192 $334,688 $511,982 $26,475 $2,931 $4,051,202 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202120212020201920182017PriorTotal
Construction & development, net
Credit quality indicator:
Pass/Watch$264,489 $310,207 $237,435 $48,911 $18,375 $136 $2,382 $— $881,935 
Special mention— — — — — — — — — 
Substandard— — — 8,403 — — — — 8,403 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total construction & development, net$264,489 $310,207 $237,435 $57,314 $18,375 $136 $2,382 $— $890,338 
Residential development, net
Credit quality indicator:
Pass/Watch$28,744 $15,623 $— $— $— $— $156,587 $6,036 $206,990 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Loss— — — — — — — — — 
Total residential development, net$28,744 $15,623 $— $— $— $— $156,587 $6,036 $206,990 
Total commercial real estate$3,508,631 $1,383,447 $1,986,139 $1,158,429 $897,906 $2,128,130 $191,774 $13,383 $11,267,839 
Commercial:
Term, net
Credit quality indicator:
Pass/Watch$1,102,310 $306,969 $200,352 $179,217 $206,405 $215,105 $699,230 $14,075 $2,923,663 
Special mention— 4,454 97 28,971 587 825 27,909 1,501 64,344 
Substandard1,217 9,827 — 1,095 2,648 1,264 — 3,189 19,240 
Doubtful— — — — 809 — — — 809 
Loss— — — 417 — — — — 417 
Total term, net$1,103,527 $321,250 $200,449 $209,700 $210,449 $217,194 $727,139 $18,765 $3,008,473 
Lines of credit & other, net
Credit quality indicator:
Pass/Watch$31,836 $9,170 $16,529 $10,945 $334 $1,605 $812,207 $8,498 $891,124 
Special mention— — — — — — 8,830 752 9,582 
Substandard714 414 — — — 1,118 3,238 4,540 10,024 
Doubtful— — — — — — 1 — 1 
Loss— — — — — — 1 1 2 
Total lines of credit & other, net$32,550 $9,584 $16,529 $10,945 $334 $2,723 $824,277 $13,791 $910,733 
Leases & equipment finance, net
Credit quality indicator:
Pass/Watch$599,301 $325,379 $282,101 $138,627 $43,950 $38,965 $— $— $1,428,323 
Special mention2,512 1,965 1,782 1,690 572 130 — — 8,651 
Substandard4,280 7,333 2,682 1,448 578 160 — — 16,481 
Doubtful3,781 3,232 3,238 1,343 663 636 — — 12,893 
Loss614 258 187 84 179 6 — — 1,328 
Total leases & equipment finance, net$610,488 $338,167 $289,990 $143,192 $45,942 $39,897 $— $— $1,467,676 
Total commercial$1,746,565 $669,001 $506,968 $363,837 $256,725 $259,814 $1,551,416 $32,556 $5,386,882 
(in thousands)Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving to Non-Revolving Loans Amortized Cost
December 31, 202120212020201920182017PriorTotal
Residential:
Mortgage, net
Credit quality indicator:
Pass/Watch$2,252,704 $606,671 $585,923 $190,673 $209,990 $639,585 $— $— $4,485,546 
Special mention372 — 555 81 632 2,830 — — 4,470 
Substandard— 1,379 4,430 1,147 3,098 15,692 — — 25,746 
Doubtful— — — — — — — — — 
Loss— — 907 — — 597 — — 1,504 
Total mortgage, net$2,253,076 $608,050 $591,815 $191,901 $213,720 $658,704 $— $— $4,517,266 
Home equity loans & lines, net
Credit quality indicator:
Pass/Watch$972 $— $— $18 $— $10,973 $1,151,063 $31,708 $1,194,734 
Special mention— — — — — 102 1,355 248 1,705 
Substandard— — — — — 96 280 213 589 
Doubtful— — — — — — — — — 
Loss— — — — — 36 42 64 142 
Total home equity loans & lines, net$972 $— $— $18 $— $11,207 $1,152,740 $32,233 $1,197,170 
Total residential$2,254,048 $608,050 $591,815 $191,919 $213,720 $669,911 $1,152,740 $32,233 $5,714,436 
Consumer & other, net:
Credit quality indicator:
Pass/Watch$15,375 $10,955 $12,167 $5,395 $3,983 $5,070 $128,264 $1,835 $183,044 
Special mention— 23 41 1 113 113 391 101 783 
Substandard— 3 15 — 17 25 55 71 186 
Doubtful— — — — — — — — — 
Loss— — — — — 7 3 — 10 
Total consumer & other, net$15,375 $10,981 $12,223 $5,396 $4,113 $5,215 $128,713 $2,007 $184,023 
Grand total$7,524,619 $2,671,479 $3,097,145 $1,719,581 $1,372,464 $3,063,070 $3,024,643 $80,179 $22,553,180