Loans and Leases (Tables)

6 Months Ended

Jun. 30, 2017

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

Schedule of composition of loans portfolio

The following table summarizes the composition of our loans and leases held for investment as of the dates indicated:

	June 30, 2017									December 31, 2016
	Non-PCI									Non-PCI
	Loans			PCI						Loans			PCI
	and Leases			Loans			Total			and Leases			Loans			Total
	(In thousands)
Real estate mortgage	$	6,089,209		$	65,950		$	6,155,159		$	5,635,675		$	92,793		$	5,728,468
Real estate construction and land	1,179,616			1,774			1,181,390			975,032			2,409			977,441
Commercial	7,869,706			4,479			7,874,185			8,426,236			12,994			8,439,230
Consumer	398,204			242			398,446			375,149			249			375,398
Total gross loans and leases held for
investment	15,536,735			72,445			15,609,180			15,412,092			108,445			15,520,537
Deferred fees, net	(65,704		)	(19		)	(65,723		)	(64,562		)	(21		)	(64,583		)
Total loans and leases held for investment,
net of deferred fees	15,471,031			72,426			15,543,457			15,347,530			108,424			15,455,954
Allowance for loan and lease losses	(138,879		)	(7,079		)	(145,958		)	(143,755		)	(13,483		)	(157,238		)
Total loans and leases held for
investment, net	$	15,332,152		$	65,347		$	15,397,499		$	15,203,775		$	94,941		$	15,298,716

Delinquent loans in loan portfolio

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

	June 30, 2017
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	4,421	$	4,008	$	8,429	$	4,379,267	$	4,387,696
Residential	444		1,898		2,342		1,681,760		1,684,102
Total real estate mortgage	4,865		5,906		10,771		6,061,027		6,071,798
Real estate construction and land:
Commercial	—		—		—		690,058		690,058
Residential	—		—		—		473,282		473,282
Total real estate construction and land	—		—		—		1,163,340		1,163,340
Commercial:
Cash flow	1,360		10,040		11,400		2,819,212		2,830,612
Asset-based	—		203		203		2,391,921		2,392,124
Venture capital	23,171		6,531		29,702		1,971,679		2,001,381
Equipment finance	690		169		859		612,691		613,550
Total commercial	25,221		16,943		42,164		7,795,503		7,837,667
Consumer	298		44		342		397,884		398,226
Total (1)	$	30,384	$	22,893	$	53,277	$	15,417,754	$	15,471,031

________________________

(1) Excludes loans held for sale carried at lower of cost or fair value.

	December 31, 2016
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	8,590	$	3,303	$	11,893	$	4,341,740	$	4,353,633
Residential	5,694		1,999		7,693		1,256,630		1,264,323
Total real estate mortgage	14,284		5,302		19,586		5,598,370		5,617,956
Real estate construction and land:
Commercial	—		—		—		578,838		578,838
Residential	364		—		364		383,637		384,001
Total real estate construction and land	364		—		364		962,475		962,839
Commercial:
Cash flow	191		1,821		2,012		3,105,380		3,107,392
Asset-based	1,500		2		1,502		2,607,543		2,609,045
Venture capital	13,589		5,769		19,358		1,963,798		1,983,156
Equipment finance	1,417		3,051		4,468		687,499		691,967
Total commercial	16,697		10,643		27,340		8,364,220		8,391,560
Consumer	224		—		224		374,951		375,175
Total	$	31,569	$	15,945	$	47,514	$	15,300,016	$	15,347,530

Schedule of non accrual and performing restructured impaired financing receivables

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

	June 30, 2017 (1)						December 31, 2016
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	65,599	$	4,322,097	$	4,387,696	$	62,454	$	4,291,179	$	4,353,633
Residential	5,229		1,678,873		1,684,102		6,881		1,257,442		1,264,323
Total real estate mortgage	70,828		6,000,970		6,071,798		69,335		5,548,621		5,617,956
Real estate construction and land:
Commercial	—		690,058		690,058		—		578,838		578,838
Residential	—		473,282		473,282		364		383,637		384,001
Total real estate construction and land	—		1,163,340		1,163,340		364		962,475		962,839
Commercial:
Cash flow	43,169		2,787,443		2,830,612		53,908		3,053,484		3,107,392
Asset-based	1,718		2,390,406		2,392,124		2,118		2,606,927		2,609,045
Venture capital	25,278		1,976,103		2,001,381		11,687		1,971,469		1,983,156
Equipment finance	31,111		582,439		613,550		32,848		659,119		691,967
Total commercial	101,276		7,736,391		7,837,667		100,561		8,290,999		8,391,560
Consumer	472		397,754		398,226		339		374,836		375,175
Total	$	172,576	$	15,298,455	$	15,471,031	$	170,599	$	15,176,931	$	15,347,530

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

	June 30, 2017 (1)						December 31, 2016
			Performing		Total				Performing		Total
	Nonaccrual		Troubled		Impaired		Nonaccrual		Troubled		Impaired
	Loans		Debt		Loans		Loans		Debt		Loans
	and		Restructured		and		and		Restructured		and
	Leases		Loans		Leases		Leases		Loans		Leases
	(In thousands)
Real estate mortgage	$	70,828	$	47,071	$	117,899	$	69,335	$	54,750	$	124,085
Real estate construction and land	—		5,840		5,840		364		6,893		7,257
Commercial	101,276		2,867		104,143		100,561		3,157		103,718
Consumer	472		132		604		339		152		491
Total	$	172,576	$	55,910	$	228,486	$	170,599	$	64,952	$	235,551

___________________

(1) Excludes loans held for sale carried at lower of cost or fair value.

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 held for investment 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.

	June 30, 2017 (1)						December 31, 2016
	Classified		Nonclassified		Total		Classified		Nonclassified		Total
	(In thousands)
Real estate mortgage:
Commercial	$	120,336	$	4,267,360	$	4,387,696	$	99,641	$	4,253,992	$	4,353,633
Residential	9,446		1,674,656		1,684,102		17,540		1,246,783		1,264,323
Total real estate mortgage	129,782		5,942,016		6,071,798		117,181		5,500,775		5,617,956
Real estate construction and land:
Commercial	—		690,058		690,058		409		578,429		578,838
Residential	—		473,282		473,282		364		383,637		384,001
Total real estate construction and land	—		1,163,340		1,163,340		773		962,066		962,839
Commercial:
Cash flow	100,652		2,729,960		2,830,612		177,661		2,929,731		3,107,392
Asset-based	18,313		2,373,811		2,392,124		28,112		2,580,933		2,609,045
Venture capital	59,479		1,941,902		2,001,381		52,646		1,930,510		1,983,156
Equipment finance	31,111		582,439		613,550		32,848		659,119		691,967
Total commercial	209,555		7,628,112		7,837,667		291,267		8,100,293		8,391,560
Consumer	640		397,586		398,226		424		374,751		375,175
Total	$	339,977	$	15,131,054	$	15,471,031	$	409,645	$	14,937,885	$	15,347,530

________________________

(1) Excludes loans held for sale carried at lower of cost or fair value.

Troubled debt restructurings on financing receivables

The following tables present additions to our troubled debt restructurings of Non-PCI loans held for investment for the periods indicated:

	Three Months Ended June 30,
	2017					2016
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number	Recorded		Recorded		Number	Recorded		Recorded
Troubled Debt Restructurings	of Loans	Investment		Investment		of Loans	Investment		Investment
	(Dollars in thousands)
Real estate mortgage:
Commercial	3	$	1,465	$	1,465	1	$	1,000	$	1,000
Residential	3	720		437		5	4,878		4,878
Real estate construction and land:
Residential	1	362		—		—	—		—
Commercial:
Cash flow	7	16,788		16,789		6	30,300		30,300
Asset-based	3	1,165		1,165		2	1,504		1,504
Venture capital	2	92		92		—	—		—
Equipment finance	—	—		—		4	1,624		—
Consumer	—	—		—		2	738		30
Total	19	$	20,592	$	19,948	20	$	40,044	$	37,712

	Six Months Ended June 30,
	2017					2016
		Pre-		Post-			Pre-		Post-
		Modification		Modification			Modification		Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number	Recorded		Recorded		Number	Recorded		Recorded
Troubled Debt Restructurings	of Loans	Investment		Investment		of Loans	Investment		Investment
	(Dollars in thousands)
Real estate mortgage:
Commercial	4	$	1,529	$	1,465	5	$	4,140	$	4,140
Residential	5	762		479		6	5,043		5,043
Real estate construction and land:
Residential	1	362		—		—	—		—
Commercial:
Cash flow	9	16,894		16,895		10	30,557		30,557
Asset-based	5	1,778		1,778		4	2,133		2,133
Venture capital	5	13,157		13,157		—	—		—
Equipment finance	—	—		—		6	4,284		2,660
Consumer	1	97		97		3	798		90
Total	30	$	34,579	$	33,871	34	$	46,955	$	44,623

Subsequently defaulted trouble debt restructurings

The following tables present troubled debt restructurings of Non-PCI loans held for investment that subsequently defaulted for the periods indicated:

	Three Months Ended June 30,
	2017			2016
Troubled Debt Restructurings	Number	Recorded		Number	Recorded
That Subsequently Defaulted	of Loans	Investment(1)		of Loans	Investment(1)
	(Dollars in thousands)
Real estate mortgage:
Commercial	—	$	—	2	$	2,572
Commercial:
Equipment finance	—	—		1	39,912		(3)
Total	—	$	—	3	$	42,484	(2)

_________________________

(1) The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. For example, for the 12-month period ended June 30, 2017, the population of defaulted restructured loans includes only those loans restructured after June 30, 2016. 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 June 30, 2016, and there were no charge-offs.

(3) The term of the modification for this loan expired in the second quarter of 2016 and was not renewed until the third quarter of 2016. Thus, the loan was in payment default under the loan's original terms at June 30, 2016. The modified terms were extended an additional six months in April 2017.

	Six Months Ended June 30,
	2017			2016
Troubled Debt Restructurings	Number	Recorded		Number	Recorded
That Subsequently Defaulted	of Loans	Investment(1)		of Loans	Investment(1)
	(Dollars in thousands)
Real estate mortgage:
Commercial	—	$	—	2	$	2,572
Commercial:
Equipment finance	—	—		1	39,912		(3)
Total	—	$	—	3	$	42,484	(2)

_________________________

(1) The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. For example, for the 12-month period ended June 30, 2017, the population of defaulted restructured loans includes only those loans restructured after June 30, 2016. 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 June 30, 2016, and there were no charge-offs.

(3) The term of the modification for this loan expired in the second quarter of 2016 and was not renewed until the third quarter of 2016. Thus, the loan was in payment default under the loan's original terms at June 30, 2016. The modified terms were extended an additional six months in April 2017.

Allowance for credit losses on financing receivables

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

	Three Months Ended June 30, 2017
				Real Estate
	Real Estate			Construction								Total			Total
	Mortgage			and Land		Commercial			Consumer			Non-PCI			PCI			Total
	(In thousands)
Allowance for Loan
and Lease Losses:
Balance, beginning of period	$	35,368		$	10,476	$	102,134		$	1,848		$	149,826		$	11,481		$	161,307
Charge-offs	(142		)	—		(22,696		)	(113		)	(22,951		)	(3,459		)	(26,410		)
Recoveries	20			9		1,953			22			2,004			58			2,062
Provision (negative provision)	1,876			833		6,973			318			10,000			(1,001		)	8,999
Balance, end of period	$	37,122		$	11,318	$	88,364		$	2,075		$	138,879		$	7,079		$	145,958

	Six Months Ended June 30, 2017
				Real Estate
	Real Estate			Construction								Total			Total
	Mortgage			and Land		Commercial			Consumer			Non-PCI			PCI			Total
	(In thousands)
Allowance for Loan
and Lease Losses:
Balance, beginning of period	$	37,765		$	10,045	$	93,853		$	2,092		$	143,755		$	13,483		$	157,238
Charge-offs	(1,686		)	—		(41,981		)	(212		)	(43,879		)	(5,689		)	(49,568		)
Recoveries	250			17		4,401			75			4,743			58			4,801
Provision (negative provision)	793			1,256		32,091			120			34,260			(773		)	33,487
Balance, end of period	$	37,122		$	11,318	$	88,364		$	2,075		$	138,879		$	7,079		$	145,958
Ending Allowance by
Impairment Methodology:
Individually evaluated for
impairment	$	1,415		$	—	$	11,564		$	333		$	13,312
Collectively evaluated for
impairment	$	35,707		$	11,318	$	76,800		$	1,742		$	125,567
Acquired loans with
deteriorated credit quality															$	7,079
Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for
impairment	$	117,441		$	5,840	$	104,008		$	485		$	227,774
Collectively evaluated for
impairment	5,954,357			1,157,500		7,733,659			397,741			15,243,257
Acquired loans with
deteriorated credit quality															$	72,426
Ending balance	$	6,071,798		$	1,163,340	$	7,837,667		$	398,226		$	15,471,031		$	72,426		$	15,543,457

	Three Months Ended June 30, 2016
				Real Estate
	Real Estate			Construction								Total			Total
	Mortgage			and Land		Commercial			Consumer			Non-PCI			PCI			Total
	(In thousands)
Allowance for Loan
and Lease Losses:
Balance, beginning of period	$	29,099		$	6,876	$	83,957		$	875		$	120,807		$	9,554		$	130,361
Charge-offs	(866		)	—		(655		)	(191		)	(1,712		)	(168		)	(1,880		)
Recoveries	939			6		312			23			1,280			—			1,280
Provision	159			971		9,790			705			11,625			1,903			13,528
Balance, end of period	$	29,331		$	7,853	$	93,404		$	1,412		$	132,000		$	11,289		$	143,289

	Six Months Ended June 30, 2016
				Real Estate
	Real Estate			Construction								Total			Total
	Mortgage			and Land		Commercial			Consumer			Non-PCI			PCI			Total
	(In thousands)
Allowance for Loan
and Lease Losses:
Balance, beginning of period	$	36,654		$	7,137	$	61,082		$	661		$	105,534		$	9,577		$	115,111
Charge-offs	(1,603		)	—		(4,700		)	(782		)	(7,085		)	(331		)	(7,416		)
Recoveries	1,938			158		626			39			2,761			—			2,761
Provision (negative provision)	(7,658		)	558		36,396			1,494			30,790			2,043			32,833
Balance, end of period	$	29,331		$	7,853	$	93,404		$	1,412		$	132,000		$	11,289		$	143,289
Ending Allowance by
Impairment Methodology:
Individually evaluated for
impairment	$	1,230		$	16	$	27,624		$	186		$	29,056
Collectively evaluated for
impairment	$	28,101		$	7,837	$	65,780		$	1,226		$	102,944
Acquired loans with
deteriorated credit quality															$	11,289
Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for
impairment	$	92,284		$	7,498	$	98,247		$	394		$	198,423
Collectively evaluated for
impairment	5,471,096			688,735		7,934,086			212,240			14,306,157
Acquired loans with
deteriorated credit quality															$	136,880
Ending balance	$	5,563,380		$	696,233	$	8,032,333		$	212,634		$	14,504,580		$	136,880		$	14,641,460

Non Purchased Credit Impaired Loans and Leases

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

Impaired financing receivables, average balances and interest income recognized

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

	June 30, 2017 (1)						December 31, 2016
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
Impaired Loans and Leases	Investment		Balance		Allowance		Investment		Balance		Allowance
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	17,591	$	19,399	$	894	$	63,325	$	65,031	$	6,266
Residential	3,253		3,406		521		8,424		8,612		585
Real estate construction and land:
Residential	—		—		—		213		213		—
Commercial:
Cash flow	31,497		39,610		7,018		51,272		52,910		12,474
Asset-based	3,181		3,190		304		4,395		4,861		2,144
Venture capital	17,135		17,331		4,242		5,821		5,880		3,294
Equipment finance	—		—		—		1,524		4,636		—
Consumer	485		482		333		270		280		170
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	91,691	$	101,065			$	44,557	$	51,402
Residential	5,364		5,753				7,779		8,940
Real estate construction and land:
Commercial	5,840		5,837				6,680		6,680
Residential	—		—				364		366
Commercial:
Cash flow	11,837		17,272				2,852		5,939
Asset-based	1,239		2,482				664		1,652
Venture capital	8,143		20,940				5,866		8,939
Equipment finance	31,111		53,256				31,324		53,319
Consumer	119		192				221		292
Total Non-PCI Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	117,899	$	129,623	$	1,415	$	124,085	$	133,985	$	6,851
Real estate construction and land	5,840		5,837		—		7,257		7,259		—
Commercial	104,143		154,081		11,564		103,718		138,136		17,912
Consumer	604		674		333		491		572		170
Total	$	228,486	$	290,215	$	13,312	$	235,551	$	279,952	$	24,933

___________________

(1) Excludes loans held for sale carried at lower of cost or fair value.

	Three Months Ended June 30,
	2017 (2)				2016
	Weighted		Interest		Weighted		Interest
	Average		Income		Average		Income
Impaired Loans and Leases	Balance(1)		Recognized		Balance(1)		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	17,591	$	214	$	26,853	$	258
Residential	3,253		14		2,160		14
Real estate construction and land:
Residential	—		—		740		4
Commercial:
Cash flow	31,496		2		26,356		9
Asset-based	2,771		32		2,352		10
Venture capital	11,400		—		693		—
Equipment finance	—		—		50,390		—
Consumer	239		2		359		3
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	90,778	$	742	$	51,378	$	778
Residential	5,365		15		7,908		46
Real estate construction and land:
Commercial	5,840		70		6,758		56
Commercial:
Cash flow	11,687		15		12,512		1
Asset-based	1,239		12		3,178		42
Venture capital	6,045		—		—		—
Equipment finance	30,593		—		—		—
Consumer	120		—		82		—
Total Non-PCI Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	116,987	$	985	$	88,299	$	1,096
Real estate construction and land	5,840		70		7,498		60
Commercial	95,231		61		95,481		62
Consumer	359		2		441		3
Total	$	218,417	$	1,118	$	191,719	$	1,221

_________________________

(1) For Non-PCI loans and leases reported as impaired at June 30, 2017 and 2016, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.

(2) Excludes loans held for sale carried at lower of cost or fair value.

	Six Months Ended June 30,
	2017 (2)				2016
	Weighted		Interest		Weighted		Interest
	Average		Income		Average		Income
Impaired Loans and Leases	Balance(1)		Recognized		Balance(1)		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	17,591	$	425	$	23,959	$	516
Residential	3,252		27		1,609		22
Real estate construction and land:
Residential	—		—		740		8
Commercial:
Cash flow	31,496		3		17,914		18
Asset-based	2,376		60		2,289		18
Venture capital	6,900		—		347		—
Equipment finance	—		—		48,914		—
Consumer	213		4		336		6
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	89,107	$	1,289	$	52,810	$	968
Residential	5,334		29		6,796		60
Real estate construction and land:
Commercial	5,840		140		6,758		112
Commercial:
Cash flow	8,581		20		12,432		2
Asset-based	1,239		24		2,710		71
Venture capital	4,276		—		—		—
Equipment finance	30,423		—		—		—
Consumer	120		—		82		1
Total Non-PCI Loans and Leases With
and Without an Allowance Recorded:
Real estate mortgage	$	115,284	$	1,770	$	85,174	$	1,566
Real estate construction and land	5,840		140		7,498		120
Commercial	85,291		107		84,606		109
Consumer	333		4		418		7
Total	$	206,748	$	2,021	$	177,696	$	1,802

_________________________

(1) For Non-PCI loans and leases reported as impaired at June 30, 2017 and 2016, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.

(2) Excludes loans held for sale carried at lower of cost or fair value.