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Loans and Leases (Tables)
 12 Months Ended
Dec. 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:
 
December 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
$
5,706,903

 
$
168,725

 
$
5,875,628

 
$
5,347,197

 
$
256,489

 
$
5,603,686

Real estate construction and land
534,307

 
2,656

 
536,963

 
312,792

 
6,924

 
319,716

Commercial
7,977,067

 
17,415

 
7,994,482

 
5,852,420

 
27,155

 
5,879,575

Consumer
120,793

 
299

 
121,092

 
101,423

 
284

 
101,707

Total gross loans and leases
14,339,070

 
189,095

 
14,528,165

 
11,613,832

 
290,852

 
11,904,684

Deferred fees and costs
(49,861
)
 
(50
)
 
(49,911
)
 
(22,191
)
 
(61
)
 
(22,252
)
Total loans and leases, net of deferred fees
14,289,209

 
189,045

 
14,478,254

 
11,591,641

 
290,791

 
11,882,432

Allowance for loan and lease losses
(105,534
)
 
(9,577
)
 
(115,111
)
 
(70,456
)
 
(13,999
)
 
(84,455
)
Total net loans and leases
$
14,183,675

 
$
179,468

 
$
14,363,143

 
$
11,521,185

 
$
276,792

 
$
11,797,977
CV of Loans Held for Investment by Class by Classified and Nonclassiified
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.
 
December 31, 2015
 
December 31, 2014
 
Classified
 
Nonclassified
 
Total
 
Classified
 
Nonclassified
 
Total
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
98,436

 
$
4,453,522

 
$
4,551,958

 
$
86,573

 
$
4,343,313

 
$
4,429,886

Residential
12,627

 
1,123,478

 
1,136,105

 
10,413

 
896,631

 
907,044

Total real estate mortgage
111,063

 
5,577,000

 
5,688,063

 
96,986

 
5,239,944

 
5,336,930

Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
 
Commercial
571

 
342,789

 
343,360

 
3,346

 
210,691

 
214,037

Residential
1,395

 
182,965

 
184,360

 
402

 
96,326

 
96,728

Total real estate construction and land
1,966

 
525,754

 
527,720

 
3,748

 
307,017

 
310,765

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Cash flow
183,726

 
2,878,542

 
3,062,268

 
87,851

 
2,551,085

 
2,638,936

Asset-based
19,340

 
2,528,193

 
2,547,533

 
33,980

 
2,200,058

 
2,234,038

Equipment finance
54,054

 
836,295

 
890,349

 
15,973

 
953,516

 
969,489

Venture capital
19,105

 
1,433,322

 
1,452,427

 
—

 
—

 
—

Total commercial
276,225

 
7,676,352

 
7,952,577

 
137,804

 
5,704,659

 
5,842,463

Consumer
2,500

 
118,349

 
120,849

 
4,073

 
97,410

 
101,483

Total Non-PCI loans and leases
$
391,754

 
$
13,897,455

 
$
14,289,209

 
$
242,611

 
$
11,349,030

 
$
11,591,641
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 years indicated:
 
Year Ended December 31, 2015
 
Real Estate Mortgage
 
Real Estate Construction and Land
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for Loan and Lease Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
25,097

 
$
4,248

 
$
39,858

 
$
1,253

 
$
70,456

 
$
13,999

 
$
84,455

Charge-offs
(2,489
)
 
—

 
(13,354
)
 
(156
)
 
(15,999
)
 
(1,772
)
 
(17,771
)
Recoveries
3,582

 
1,082

 
3,399

 
410

 
8,473

 
150

 
8,623

Provision (negative provision)
10,464

 
1,807

 
31,179

 
(846
)
 
42,604

 
(2,800
)
 
39,804

Balance, end of year
$
36,654

 
$
7,137

 
$
61,082

 
$
661

 
$
105,534

 
$
9,577

 
$
115,111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of the allowance applicable to loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
1,458

 
$
26

 
$
17,622

 
$
157

 
$
19,263

 
 
 
 
Collectively evaluated for impairment
$
35,196

 
$
7,111

 
$
43,460

 
$
504

 
$
86,271

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
9,577

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The ending balance of the loan and lease portfolio is composed of loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
83,944

 
$
8,003

 
$
74,680

 
$
1,672

 
$
168,299

 
 
 
 
Collectively evaluated for impairment
$
5,604,119

 
$
519,717

 
$
7,877,897

 
$
119,177

 
$
14,120,910

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
189,045

 
 
Ending balance of
 
 
 
 
 
 
 
 
 
 
 
 
 
loans and leases
$
5,688,063

 
$
527,720

 
$
7,952,577

 
$
120,849

 
$
14,289,209

 
$
189,045

 
$
14,478,254

 
Year Ended December 31, 2014
 
Real Estate Mortgage
 
Real Estate Construction and Land
 
Commercial
 
Consumer
 
Total Non-PCI
 
Total PCI
 
Total
 
(In thousands)
Allowance for Loan and Lease Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
26,078

 
$
4,298

 
$
26,921

 
$
2,944

 
$
60,241

 
$
21,793

 
$
82,034

Charge-offs
(2,080
)
 
—

 
(9,463
)
 
(332
)
 
(11,875
)
 
(9,577
)
 
(21,452
)
Recoveries
2,640

 
156

 
6,265

 
1,283

 
10,344

 
766

 
11,110

Provision (negative provision)
(1,541
)
 
(206
)
 
16,135

 
(2,642
)
 
11,746

 
1,017

 
12,763

Balance, end of year
$
25,097

 
$
4,248

 
$
39,858

 
$
1,253

 
$
70,456

 
$
13,999

 
$
84,455

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount of the allowance applicable to loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
693

 
$
69

 
$
9,975

 
$
37

 
$
10,774

 
 
 
 
Collectively evaluated for impairment
$
24,404

 
$
4,179

 
$
29,883

 
$
1,216

 
$
59,682

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
13,999

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The ending balance of the loan and lease portfolio is composed of loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
55,290

 
$
10,555

 
$
45,568

 
$
3,510

 
$
114,923

 
 
 
 
Collectively evaluated for impairment
$
5,285,270

 
$
296,580

 
$
5,796,895

 
$
97,973

 
$
11,476,718

 
 
 
 
Acquired loans with deteriorated credit quality
 
 
 
 
 
 
 
 
 
 
$
290,791

 
 
Ending balance
$
5,336,930

 
$
310,765

 
$
5,842,463

 
$
101,483

 
$
11,591,641

 
$
290,791

 
$
11,882,432
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 years indicated:
 
Carrying Amount
 
Accretable Yield
 
(In thousands)
Balance, December 31, 2012
$
491,816

 
$
(196,022
)
Addition from the FCAL acquisition
44,146

 
(8,096
)
Accretion
46,680

 
46,680

Payments received
(225,849
)
 
—

Decrease in expected cash flows, net
—

 
17,870

Negative provision for credit losses
4,210

 
—

Balance, December 31, 2013
361,003

 
(139,568
)
Addition from the CapitalSource Inc. merger
79,234

 
(13,728
)
Accretion
57,213

 
57,213

Payments received
(219,641
)
 
—

Increase in expected cash flows, net
—

 
(10,773
)
Provision for credit losses
(1,017
)
 
—

Balance, December 31, 2014
276,792

 
(106,856
)
Addition from the Square 1 acquisition
16,455

 
(2,852
)
Accretion
31,857

 
31,857

Payments received
(148,436
)
 
—

Increase in expected cash flows, net
—

 
(7,785
)
Negative provision for credit losses
2,800

 
—

Balance, December 31, 2015
$
179,468

 
$
(85,636
)
Non Purchased Credit Impaired Loans and Leases [Domain]  
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:
 
December 31, 2015
 
30-89 Days Past Due
 
90 or More
 Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
Commercial
$
3,947

 
$
13,075

 
$
17,022

 
$
4,534,936

 
$
4,551,958

Residential
3,391

 
905

 
4,296

 
1,131,809

 
1,136,105

Total real estate mortgage
7,338

 
13,980

 
21,318

 
5,666,745

 
5,688,063

Real estate construction and land:
 
 
 
 
 
 
 
 
 
Commercial
—

 
—

 
—

 
343,360

 
343,360

Residential
—

 
—

 
—

 
184,360

 
184,360

Total real estate construction and land
—

 
—

 
—

 
527,720

 
527,720

Commercial:
 
 
 
 
 
 
 
 
 
Cash flow
2,048

 
1,427

 
3,475

 
3,058,793

 
3,062,268

Asset-based
1

 
—

 
1

 
2,547,532

 
2,547,533

Equipment finance
359

 
94

 
453

 
889,896

 
890,349

Venture capital
250

 
700

 
950

 
1,451,477

 
1,452,427

Total commercial
2,658

 
2,221

 
4,879

 
7,947,698

 
7,952,577

Consumer
626

 
1,307

 
1,933

 
118,916

 
120,849

Total Non-PCI loans and leases
$
10,622

 
$
17,508

 
$
28,130

 
$
14,261,079

 
$
14,289,209

 
December 31, 2014
 
30-89 Days Past Due
 
90 or More
Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
Commercial
$
9,014

 
$
10,856

 
$
19,870

 
$
4,410,016

 
$
4,429,886

Residential
2,614

 
1,131

 
3,745

 
903,299

 
907,044

Total real estate mortgage
11,628

 
11,987

 
23,615

 
5,313,315

 
5,336,930

Real estate construction and land:
 
 
 
 
 
 
 
 
 
Commercial
—

 
715

 
715

 
213,322

 
214,037

Residential
—

 
—

 
—

 
96,728

 
96,728

Total real estate construction and land
—

 
715

 
715

 
310,050

 
310,765

Commercial:
 
 
 
 
 
 
 
 
 
Cash flow
274

 
1,639

 
1,913

 
2,637,023

 
2,638,936

Asset-based
878

 
965

 
1,843

 
2,232,195

 
2,234,038

Equipment finance
6,525

 
366

 
6,891

 
962,598

 
969,489

Venture capital
—

 
—

 
—

 
—

 
—

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:  
 
December 31, 2015
 
December 31, 2014
 
Nonaccrual
 
Performing
 
Total
 
Nonaccrual
 
Performing
 
Total
 
(In thousands)
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
52,363

 
$
4,499,595

 
$
4,551,958

 
$
32,223

 
$
4,397,663

 
$
4,429,886

Residential
4,914

 
1,131,191

 
1,136,105

 
5,389

 
901,655

 
907,044

Total real estate mortgage
57,277

 
5,630,786

 
5,688,063

 
37,612

 
5,299,318

 
5,336,930

Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
 
Commercial
—

 
343,360

 
343,360

 
1,178

 
212,859

 
214,037

Residential
372

 
183,988

 
184,360

 
381

 
96,347

 
96,728

Total real estate construction and land
372

 
527,348

 
527,720

 
1,559

 
309,206

 
310,765

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Cash flow
15,800

 
3,046,468

 
3,062,268

 
19,810

 
2,619,126

 
2,638,936

Asset-based
2,505

 
2,545,028

 
2,547,533

 
10,024

 
2,224,014

 
2,234,038

Equipment finance
51,410

 
838,939

 
890,349

 
11,131

 
958,358

 
969,489

Venture capital
124

 
1,452,303

 
1,452,427

 
—

 
—

 
—

Total commercial
69,839

 
7,882,738

 
7,952,577

 
40,965

 
5,801,498

 
5,842,463

Consumer
1,531

 
119,318

 
120,849

 
3,485

 
97,998

 
101,483

Total Non-PCI loans and leases
$
129,019

 
$
14,160,190

 
$
14,289,209

 
$
83,621

 
$
11,508,020

 
$
11,591,641
Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables
Non‑PCI nonaccrual loans and leases and performing restructured loans are considered impaired for reporting purposes. The following table presents the composition of our impaired loans and leases as of the dates indicated:
 
December 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
$
57,277

 
$
27,133

 
$
84,410

 
$
37,612

 
$
20,245

 
$
57,857

Real estate construction and land
372

 
7,631

 
8,003

 
1,559

 
8,996

 
10,555

Commercial
69,839

 
5,221

 
75,060

 
40,965

 
5,744

 
46,709

Consumer
1,531

 
197

 
1,728

 
3,485

 
259

 
3,744

Total
$
129,019

 
$
40,182

 
$
169,201

 
$
83,621

 
$
35,244

 
$
118,865
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 years indicated:
 
December 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:
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
17,967

 
$
19,219

 
$
777

 
$
11,082

 
$
11,178

 
$
693

Residential
2,278

 
2,435

 
681

 
—

 
—

 
—

Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
 
Commercial
—

 
—

 
—

 
1,128

 
4,934

 
23

Residential
747

 
747

 
26

 
763

 
763

 
46

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Cash flow
14,072

 
20,312

 
7,079

 
16,490

 
18,894

 
3,466

Asset-based
3,901

 
4,423

 
2,511

 
4,767

 
5,493

 
3,908

Equipment finance
11,193

 
11,894

 
8,032

 
6,956

 
7,268

 
2,601

Consumer
365

 
372

 
157

 
143

 
142

 
37

With No Related Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
58,678

 
$
68,333

 
$
—

 
$
46,775

 
$
62,944

 
$
—

Residential
5,487

 
11,406

 
—

 
—

 
—

 
—

Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
 
Commercial
7,256

 
7,256

 
—

 
8,643

 
8,749

 
—

Residential
—

 
—

 
—

 
21

 
19

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Cash flow
2,825

 
5,121

 
—

 
4,319

 
6,648

 
—

Asset-based
2,729

 
2,726

 
—

 
10,002

 
12,292

 
—

Equipment finance
40,216

 
44,194

 
—

 
4,175

 
7,528

 
—

Venture capital
124

 
125

 
—

 
—

 
—

 
—

Consumer
1,363

 
1,945

 
—

 
3,601

 
3,768

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage
$
84,410

 
$
101,393

 
$
1,458

 
$
57,857

 
$
74,122

 
$
693

Real estate construction and land
8,003

 
8,003

 
26

 
10,555

 
14,465

 
69

Commercial
75,060

 
88,795

 
17,622

 
46,709

 
58,123

 
9,975

Consumer
1,728

 
2,317

 
157

 
3,744

 
3,910

 
37

Total
$
169,201

 
$
200,508

 
$
19,263

 
$
118,865

 
$
150,620

 
$
10,774


 
Year Ended December 31,
 
2015
 
2014
 
2013
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
Weighted Average
Balance(1)
 
Interest
Income
Recognized
 
(In thousands)
With An Allowance Recorded:
 

 
 

 
 

 
 

 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
17,833

 
$
1,130

 
$
10,670

 
$
475

 
$
20,158

 
$
680

Residential
2,143

 
33

 
412

 
1

 
406

 
—

Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
 
Commercial
—

 
—

 
1,027

 
17

 
1,250

 
63

Residential
747

 
15

 
763

 
15

 
778

 
14

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Cash flow
12,590

 
32

 
8,498

 
21

 
1,908

 
89

Asset-based
3,204

 
56

 
4,214

 
27

 
3,850

 
29

Equipment finance
8,475

 
—

 
3,802

 
—

 
—

 
—

Consumer
355

 
15

 
132

 
8

 
425

 
10

With No Related Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
 
Commercial
$
28,366

 
$
345

 
$
29,405

 
$
348

 
$
31,149

 
$
985

Residential
4,643

 
41

 
5,223

 
44

 
2,377

 
75

Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
 
Commercial
7,053

 
240

 
8,642

 
244

 
4,866

 
11

Residential
—

 
—

 
4

 
—

 
—

 
—

Commercial:
 
 
 
 
 
 
 
 
 
 
 
Cash flow
2,752

 
89

 
2,289

 
99

 
2,728

 
—

Asset-based
1,746

 
130

 
6,139

 
170

 
3,410

 
20

Equipment finance
30,363

 
—

 
2,534

 
—

 
245

 
—

Venture capital
124

 
—

 
—

 
—

 
—

 
—

Consumer
1,363

 
—

 
3,027

 
2

 
161

 
—

Total Non-PCI Loans and Leases With and Without an Allowance Recorded:
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage
$
52,985

 
$
1,549

 
$
45,710

 
$
868

 
$
54,090

 
$
1,740

Real estate construction and land
7,800

 
255

 
10,436

 
276

 
6,894

 
88

Commercial
59,254

 
307

 
27,476

 
317

 
12,141

 
138

Consumer
1,718

 
15

 
3,159

 
10

 
586

 
10

Total
$
121,757

 
$
2,126

 
$
86,781

 
$
1,471

 
$
73,711

 
$
1,976

_________________________
(1)
For the loans and leases (excluding PCI loans) reported as impaired at December 31, 2015, 2014 and 2013, 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 and defaulted troubled debt restructurings of Non-PCI loans for the years indicated:
 
Troubled Debt Restructurings
 
Troubled Debt Restructurings That Subsequently Defaulted(1)
 
 
Number of Loans
 
Pre- Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
 
Number of Loans
 
Recorded Investment
 
 
(Dollars In thousands)
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
Commercial
21

 
$
43,536

 
$
43,012

 
2

 
$
2,670

 
Residential
18

 
3,128

 
2,961

 
1

 
155

 
Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
Commercial
8

 
23,881

 
23,881

 
—

 
—

 
Commercial:
 
 
 
 
 
 
 
 
 
 
Cash flow
25

 
2,718

 
2,539

 
—

 
—

 
Asset-based
13

 
8,400

 
8,400

 
—

 
—

 
Equipment finance
10

 
93,868

 
93,868

 
—

 
—

 
Consumer
2

 
197

 
197

 
—

 
—

 
Total
97

 
$
175,728

 
$
174,858

 
3

 
$
2,825

(2)
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
Commercial
14

 
$
14,659

 
$
14,660

 
1

 
$
55

 
Residential
11

 
4,794

 
4,794

 
—

 
—

 
Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
Commercial
4

 
5,507

 
4,965

 
—

 
—

 
Commercial:
 
 
 
 
 
 
 
 
 
 
Cash flow
13

 
2,717

 
2,717

 
1

 
1,144

 
Asset-based
22

 
12,368

 
6,336

 
1

 
390

 
Equipment finance
1

 
518

 
518

 
—

 
—

 
Consumer
7

 
467

 
467

 
—

 
—

 
Total
72

 
$
41,030

 
$
34,457

 
3

 
$
1,589

(3)
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Real estate mortgage:
 
 
 
 
 
 
 
 
 
 
Commercial
11

 
$
15,391

 
$
15,391

 
2

 
$
1,844

 
Residential
3

 
832

 
832

 
—

 
—

 
Real estate construction and land:
 
 
 
 
 
 
 
 
 
 
Residential
1

 
390

 
390

 
—

 
—

 
Commercial:
 
 
 
 
 
 
 
 
 
 
Cash flow
9

 
658

 
658

 
2

 
66

 
Asset-based
12

 
7,650

 
7,650

 
2

 
1,489

 
Consumer
2

 
125

 
125

 
—

 
—

 
Total
38

 
$
25,046

 
$
25,046

 
6

 
$
3,399

(4)

_________________________
(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 December 31, 2015, and is net of charge-offs of $96,900.
(3)
Represents the balance at December 31, 2014, and is net of charge-offs of $129,000.
(4)
Represents the balance at December 31, 2013, and is net of charge-offs of $1.6 million.
Purchased Credit Impaired Loans and Leases [Domain]  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
CV of Loans Held for Investment by Class by Classified and Nonclassiified
The following table presents the credit risk rating categories for PCI loans by 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.
 
December 31, 2015
 
December 31, 2014
 
Classified
 
Nonclassified
 
Total
 
Classified
 
Nonclassified
 
Total
 
(In thousands)
Real estate mortgage
$
43,554

 
$
125,125

 
$
168,679

 
$
101,161

 
$
155,281

 
$
256,442

Real estate construction and land
1,230

 
1,423

 
2,653

 
3,901

 
3,010

 
6,911

Commercial
17,391

 
23

 
17,414

 
26,942

 
212

 
27,154

Consumer
299

 
—

 
299

 
284

 
—

 
284

Total PCI loans
$
62,474

 
$
126,571

 
$
189,045

 
$
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:
 
December 31, 2015
 
December 31, 2014
 
(In thousands)
Real estate mortgage
$
207,170

 
$
299,660

Real estate construction and land
2,534

 
7,743

Commercial
30,658

 
32,904

Consumer
302

 
332

Total gross PCI loans
240,664

 
340,639

Discount
(51,619
)
 
(49,848
)
Total PCI loans, net of discount
189,045

 
290,791

Allowance for loan losses
(9,577
)
 
(13,999
)
Total net PCI loans
$
179,468

 
$
276,792