Loans and Credit Quality (Tables)

3 Months Ended

Mar. 31, 2015

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule Of Composition of Loans Portfolio

The following table summarizes the composition of our loan and lease portfolio as of the dates indicated:

	March 31, 2015									December 31, 2014
	Non-PCI									Non-PCI
	Loans			PCI						Loans			PCI
	and Leases			Loans			Total			and Leases			Loans			Total
	(In thousands)
Real estate mortgage	$	5,601,937		$	226,502		$	5,828,439		$	5,350,827		$	256,489		$	5,607,316
Real estate construction	331,108			1,897			333,005			309,162			6,924			316,086
Commercial	6,021,282			25,664			6,046,946			5,852,420			27,155			5,879,575
Consumer	93,619			283			93,902			101,423			284			101,707
Total gross loans and leases	12,047,946			254,346			12,302,292			11,613,832			290,852			11,904,684
Deferred fees and costs	(30,065		)	(61		)	(30,126		)	(22,191		)	(61		)	(22,252		)
Total loans and leases, net of deferred fees	12,017,881			254,285			12,272,166			11,591,641			290,791			11,882,432
Allowance for loan and lease losses	(79,680		)	(12,698		)	(92,378		)	(70,456		)	(13,999		)	(84,455		)
Total net loans and leases	$	11,938,201		$	241,587		$	12,179,788		$	11,521,185		$	276,792		$	11,797,977

Allowance for Loan Losses

The following tables present a summary of the activity in the allowance for loan and lease losses on Non‑PCI loans and leases by portfolio segment and PCI loans for the periods indicated:

	Three Months Ended March 31, 2015
	Real Estate Mortgage			Real Estate Construction			Commercial			Consumer			Total Non-PCI			Total PCI			Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	25,097		$	4,248		$	39,858		$	1,253		$	70,456		$	13,999		$	84,455
Charge-offs	(1,453		)	—			(8,395		)	(63		)	(9,911		)	(579		)	(10,490		)
Recoveries	1,295			632			410			194			2,531			11			2,542
Provision (negative provision)	5,972			(2,707		)	13,921			(582		)	16,604			(733		)	15,871
Balance, end of period	$	30,911		$	2,173		$	45,794		$	802		$	79,680		$	12,698		$	92,378
Amount of the allowance applicable to loans and leases:
Individually evaluated for impairment	$	1,500		$	55		$	10,493		$	178		$	12,226
Collectively evaluated for impairment	$	29,411		$	2,118		$	35,301		$	624		$	67,454
Acquired loans with deteriorated credit quality																$	12,698
Loan and Leases:
Ending balance	$	5,588,430		$	328,709		$	6,007,067		$	93,675		$	12,017,881		$	254,285		$	12,272,166
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated for impairment	$	59,733		$	8,639		$	103,208		$	3,729		$	175,309
Collectively evaluated for impairment	$	5,528,697		$	320,070		$	5,903,859		$	89,946		$	11,842,572
Acquired loans with deteriorated credit quality																$	254,285

	Three Months Ended March 31, 2014
	Real Estate Mortgage			Real Estate Construction			Commercial			Consumer			Total Non-PCI			Total PCI			Total
	(In thousands)
Allowance for loan and lease losses:
Balance, beginning of period	$	26,078		$	4,298		$	26,921		$	2,944		$	60,241		$	21,793		$	82,034
Charge-offs	(94		)	—			(1,441		)	(15		)	(1,550		)	—			(1,550		)
Recoveries	261			24			377			27			689			51			740
Provision (negative provision)	(1,893		)	(219		)	1,883			829			600			(644		)	(44		)
Balance, end of period	$	24,352		$	4,103		$	27,740		$	3,785		$	59,980		$	21,200		$	81,180
Amount of the allowance applicable to loans and leases:
Individually evaluated for impairment	$	2,690		$	251		$	5,337		$	387		$	8,665
Collectively evaluated for impairment	$	21,662		$	3,852		$	22,403		$	3,398		$	51,315
Acquired loans with deteriorated credit quality																$	21,200
Loan and Leases:
Ending balance	$	2,320,554		$	240,073		$	1,201,142		$	66,782		$	3,828,551		$	332,516		$	4,161,067
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated for impairment	$	58,532		$	12,926		$	17,792		$	3,972		$	93,222
Collectively evaluated for impairment	$	2,262,022		$	227,147		$	1,183,350		$	62,810		$	3,735,329
Acquired loans with deteriorated credit quality																$	332,516

CV of Loans Held for Investment by class by performing and nonperforming

The following table presents the credit risk rating categories for Non‑PCI loans and leases by portfolio segment and class as of the dates indicated. Nonclassified loans and leases are those with a credit risk rating of either pass or special mention, while classified loans and leases are those with a credit risk rating of either substandard or doubtful.

	March 31, 2015						December 31, 2014
	Classified		Nonclassified		Total		Classified		Nonclassified		Total
	(In thousands)
Real estate mortgage:
Hospitality	$	16,928	$	595,161	$	612,089	$	17,761	$	542,458	$	560,219
SBA	10,919		377,857		388,776		11,141		364,786		375,927
Other	69,859		4,517,706		4,587,565		68,084		4,336,330		4,404,414
Total real estate mortgage	97,706		5,490,724		5,588,430		96,986		5,243,574		5,340,560
Real estate construction:
Residential	398		121,918		122,316		402		96,326		96,728
Commercial	1,456		204,937		206,393		3,346		207,061		210,407
Total real estate construction	1,854		326,855		328,709		3,748		303,387		307,135
Commercial:
Collateralized	21,265		373,123		394,388		22,433		416,754		439,187
Unsecured	1,267		142,047		143,314		1,323		130,501		131,824
Asset-based	11,304		1,708,473		1,719,777		11,547		1,783,304		1,794,851
Cash flow	105,763		2,687,421		2,793,184		83,321		2,376,530		2,459,851
Equipment finance	86,938		827,078		914,016		15,973		953,516		969,489
SBA	3,128		39,260		42,388		3,207		44,054		47,261
Total commercial	229,665		5,777,402		6,007,067		137,804		5,704,659		5,842,463
Consumer	3,957		89,718		93,675		4,073		97,410		101,483
Total Non-PCI loans and leases	$	333,182	$	11,684,699	$	12,017,881	$	242,611	$	11,349,030	$	11,591,641

Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables

The following table presents the composition of our impaired loans and leases as of the dates indicated:

	March 31, 2015						December 31, 2014
			Performing		Total				Performing		Total
	Nonaccrual		Restructured		Impaired		Nonaccrual		Restructured		Impaired
	Loans/Leases		Loans		Loans/Leases		Loans/Leases		Loans		Loans/Leases
	(In thousands)
Real estate mortgage	$	37,335	$	22,398	$	59,733	$	37,612	$	20,245	$	57,857
Real estate construction	832		7,807		8,639		1,559		8,996		10,555
Commercial	97,693		5,515		103,208		40,965		5,744		46,709
Consumer	3,474		255		3,729		3,485		259		3,744
Total	$	139,334	$	35,975	$	175,309	$	83,621	$	35,244	$	118,865

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period

The following table summarizes the changes in the carrying amount of PCI loans and accretable yield on those loans for the period indicated:

	Carrying Amount			Accretable Yield
	(In thousands)
Balance, December 31, 2014	$	276,792		$	(106,856	)
Accretion	10,183			10,183
Payments received	(46,121		)	—
Increase in expected cash flows, net	—			(6,190		)
Negative provision for credit losses	733			—
Balance, March 31, 2015	$	241,587		$	(102,863	)

Non Purchased Credit Impaired Loans and Leases [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Delinquent loans in loan portfolio

The following tables present an aging analysis of our Non‑PCI loans and leases by portfolio segment and class as of the dates indicated:

	March 31, 2015
	30-89 Days Past Due		90 or More  Days Past Due		Total Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Hospitality	$	—	$	—	$	—	$	612,089	$	612,089
SBA	5,582		5,487		11,069		377,707		388,776
Other	6,234		5,319		11,553		4,576,012		4,587,565
Total real estate mortgage	11,816		10,806		22,622		5,565,808		5,588,430
Real estate construction:
Residential	—		—		—		122,316		122,316
Commercial	—		—		—		206,393		206,393
Total real estate construction	—		—		—		328,709		328,709
Commercial:
Collateralized	1,782		424		2,206		392,182		394,388
Unsecured	—		16		16		143,298		143,314
Asset-based	—		—		—		1,719,777		1,719,777
Cash flow	—		—		—		2,793,184		2,793,184
Equipment finance	23,409		—		23,409		890,607		914,016
SBA	788		1,362		2,150		40,238		42,388
Total commercial	25,979		1,802		27,781		5,979,286		6,007,067
Consumer	9		3,196		3,205		90,470		93,675
Total Non-PCI loans and leases	$	37,804	$	15,804	$	53,608	$	11,964,273	$	12,017,881

	December 31, 2014
	30-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Hospitality	$	—	$	—	$	—	$	560,219	$	560,219
SBA	5,530		4,357		9,887		366,040		375,927
Other	6,098		7,630		13,728		4,390,686		4,404,414
Total real estate mortgage	11,628		11,987		23,615		5,316,945		5,340,560
Real estate construction:
Residential	—		—		—		96,728		96,728
Commercial	—		715		715		209,692		210,407
Total real estate construction	—		715		715		306,420		307,135
Commercial:
Collateralized	878		965		1,843		437,344		439,187
Unsecured	69		45		114		131,710		131,824
Asset-based	—		—		—		1,794,851		1,794,851
Cash flow	—		232		232		2,459,619		2,459,851
Equipment finance	6,525		366		6,891		962,598		969,489
SBA	205		1,362		1,567		45,694		47,261
Total commercial	7,677		2,970		10,647		5,831,816		5,842,463
Consumer	101		3,146		3,247		98,236		101,483
Total Non-PCI loans and leases	$	19,406	$	18,818	$	38,224	$	11,553,417	$	11,591,641

Financing Receivable Non Accrual And Performing

The following table presents our nonaccrual and performing Non‑PCI loans and leases by portfolio segment and class as of the dates indicated:

	March 31, 2015						December 31, 2014
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Hospitality	$	8,088	$	604,001	$	612,089	$	6,366	$	553,853	$	560,219
SBA	10,919		377,857		388,776		11,141		364,786		375,927
Other	18,328		4,569,237		4,587,565		20,105		4,384,309		4,404,414
Total real estate mortgage	37,335		5,551,095		5,588,430		37,612		5,302,948		5,340,560
Real estate construction:
Residential	379		121,937		122,316		381		96,347		96,728
Commercial	453		205,940		206,393		1,178		209,229		210,407
Total real estate construction	832		327,877		328,709		1,559		305,576		307,135
Commercial:
Collateralized	3,601		390,787		394,388		5,450		433,737		439,187
Unsecured	594		142,720		143,314		639		131,185		131,824
Asset-based	4,159		1,715,618		1,719,777		4,574		1,790,277		1,794,851
Cash flow	15,172		2,778,012		2,793,184		15,964		2,443,887		2,459,851
Equipment finance	71,039		842,977		914,016		11,131		958,358		969,489
SBA	3,128		39,260		42,388		3,207		44,054		47,261
Total commercial	97,693		5,909,374		6,007,067		40,965		5,801,498		5,842,463
Consumer	3,474		90,201		93,675		3,485		97,998		101,483
Total Non-PCI loans and leases	$	139,334	$	11,878,547	$	12,017,881	$	83,621	$	11,508,020	$	11,591,641

Impaired Financing Receivables, Average Balances And Interest Income Recognized

The following tables present information regarding our Non‑PCI impaired loans and leases by portfolio segment and class as of and for the dates indicated:

	March 31, 2015						December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Hospitality	$	1,930	$	1,930	$	31	$	1,946	$	1,945	$	47
SBA	—		—		—		—		—		—
Other	12,986		13,169		1,469		9,136		9,233		646
Real estate construction:
Residential	759		759		41		763		763		46
Commercial	403		401		14		1,128		4,934		23
Commercial:
Collateralized	4,811		5,486		3,497		4,630		5,246		3,771
Unsecured	1,055		1,067		913		912		924		799
Asset-based	47		157		47		137		247		137
Cash flow	14,974		17,694		2,522		15,578		17,970		2,667
Equipment finance	9,347		9,764		3,514		6,956		7,268		2,601
SBA	—		—		—		—		—		—
Consumer	383		386		178		143		142		37
With No Related Allowance Recorded:
Real estate mortgage:
Hospitality	$	8,088	$	10,096	$	—	$	6,366	$	7,593	$	—
SBA	10,919		15,030		—		11,141		14,708		—
Other	25,810		39,548		—		29,268		40,643		—
Real estate construction:
Residential	20		19		—		21		19		—
Commercial	7,457		7,571		—		8,643		8,749		—
Commercial:
Collateralized	3,324		4,234		—		5,566		6,877		—
Unsecured	519		564		—		725		809		—
Asset-based	4,111		5,220		—		4,436		5,415		—
Cash flow	198		735		—		387		919		—
Equipment finance	61,694		67,850		—		4,175		7,528		—
SBA	3,128		4,762		—		3,207		4,920		—
Consumer	3,346		3,506		—		3,601		3,768		—
Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
Real estate mortgage	$	59,733	$	79,773	$	1,500	$	57,857	$	74,122	$	693
Real estate construction	8,639		8,750		55		10,555		14,465		69
Commercial	103,208		117,533		10,493		46,709		58,123		9,975
Consumer	3,729		3,892		178		3,744		3,910		37
Total	$	175,309	$	209,948	$	12,226	$	118,865	$	150,620	$	10,774

	Three Months Ended March 31,
	2015				2014
	Weighted Average Balance(1)		Interest Income Recognized		Weighted Average Balance(1)		Interest Income Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Hospitality	$	1,930	$	19	$	5,658	$	20
SBA	—		—		1,092		15
Other	12,783		136		16,174		119
Real estate construction:
Residential	759		4		774		4
Commercial	403		5		5		—
Commercial:
Collateralized	4,646		33		3,765		6
Unsecured	1,055		11		742		6
Asset-based	47		—		304		—
Cash flow	14,973		—		—		—
Equipment finance	4,581		—		—		—
SBA	—		—		919		10
Consumer	383		4		2,151		4
With No Related Allowance Recorded:
Real estate mortgage:
Hospitality	$	7,836	$	—	$	2,971	$	—
SBA	9,836		—		2,519		—
Other	24,219		80		23,549		63
Real estate construction:
Residential	20		—		—		—
Commercial	7,457		271		5,491		25
Commercial:
Collateralized	3,324		48		4,861		6
Unsecured	519		1		326		—
Asset-based	4,111		—		—		—
Cash flow	198		—		—		—
Equipment finance	7,537		—		220		—
SBA	3,128		45		3,132		2
Consumer	3,345		—		251		1
Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
Real estate mortgage	$	56,604	$	235	$	51,963	$	217
Real estate construction	8,639		280		6,270		29
Commercial	44,119		138		14,269		30
Consumer	3,728		4		2,402		5
Total	$	113,090	$	657	$	74,904	$	281

_________________________

(1) For the loans and leases (excluding PCI loans) reported as impaired at March 31, 2015 and 2014, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.

Troubled Debt Restructurings on Financing Receivables

The following table presents new troubled debt restructurings of Non-PCI loans for the periods indicated:

	Three Months Ended March 31, 2015					Three Months Ended March 31, 2014
Troubled Debt Restructurings:	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Loans	Pre- Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(Dollars in thousands)
Real estate mortgage:
Other	14	$	6,074	$	5,886	4	$	2,515	$	2,515
Real estate construction:
Commercial	1	2,610		2,610		2	4,927		4,927
Commercial:
Collateralized	6	1,399		1,399		4	3,287		3,287
Unsecured	1	195		195		2	38		38
Cash flow	2	566		387		—	—		—
Equipment finance	4	4,133		4,133		—	—		—
SBA	1	—		—		1	238		238
Consumer	1	91		91		1	124		124
Total	30	$	15,068	$	14,701	14	$	11,129	$	11,129

The following table presents troubled debt restructurings that subsequently defaulted for the periods indicated:

	Three Months Ended March 31,
	2015				2014
Troubled Debt Restructurings	Number of	Recorded			Number of	Recorded
That Subsequently Defaulted:	Loans	Investment(1)			Loans	Investment(1)
	(Dollars in thousands)
Real estate mortgage - Other	2	$	1,519		—	$	—
Commercial:
Collateralized	1	385			2	559
Unsecured	—	—			1	21
Asset-based	—	—			1	301
Total	3	$	1,904	(2)	4	$	881	(3)

_________________________

(1) The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period.

(2) Represents the balance at March 31, 2015, and is net of charge-offs of $772,000.

(3) Represents the balance at March 31, 2014, and there were no charge-offs.

Purchased Credit Impaired Loans and Leases [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

CV of Loans Held for Investment by class by performing and nonperforming

The following table presents PCI loans by credit risk rating categories and portfolio segment as of the dates indicated. Nonclassified loans are those with a credit risk rating of either pass or special mention, while classified loans are those with a credit risk rating of either substandard or doubtful.

	March 31, 2015						December 31, 2014
	Classified		Nonclassified		Total		Classified		Nonclassified		Total
	(In thousands)
Real estate mortgage	$	77,548	$	148,902	$	226,450	$	101,161	$	155,281	$	256,442
Real estate construction	1,888		—		1,888		3,901		3,010		6,911
Commercial	25,476		188		25,664		26,942		212		27,154
Consumer	283		—		283		284		—		284
Total PCI loans	$	105,195	$	149,090	$	254,285	$	132,288	$	158,503	$	290,791

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table reflects the PCI loans by portfolio segment as of the dates indicated:

	March 31, 2015			December 31, 2014
	(In thousands)
Real estate mortgage	$	268,777		$	299,660
Real estate construction	2,540			7,743
Commercial	31,185			32,904
Consumer	326			332
Total gross PCI loans	302,828			340,639
Less:
Discount	(48,543		)	(49,848		)
Allowance for loan losses	(12,698		)	(13,999		)
Total net PCI loans	$	241,587		$	276,792