Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2018

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:



	December 31, 2018			December 31, 2017
	Total			Non-PCI
	Loans			Loans			PCI
	and Leases			and Leases			Loans			Total
	(In thousands)
Real estate mortgage	$	7,933,859		$	7,815,355		$	53,658		$	7,869,013
Real estate construction and land	2,262,710			1,611,287			—			1,611,287
Commercial	7,428,500			7,137,978			4,158			7,142,136
Consumer	401,296			409,551			234			409,785
Total gross loans and leases held for investment	18,026,365			16,974,171			58,050			17,032,221
Deferred fees, net	(68,652		)	(59,464		)	(14		)	(59,478		)
Total loans and leases held for investment,
net of deferred fees	17,957,713			16,914,707			58,036			16,972,743
Allowance for loan and lease losses	(132,472		)	(133,012		)	(6,444		)	(139,456		)
Total loans and leases held for investment, net	$	17,825,241		$	16,781,695		$	51,592		$	16,833,287

CV of Loans Held for Investment by Class by Classified and Nonclassiified

As of December 31, 2018, our three largest loan relationships on nonaccrual status had an aggregate carrying value of $42.0 million and represented 53% of total nonaccrual loans and leases.

The following table presents the credit risk rating categories for loans and leases held for investment by loan portfolio segment and class as of the dates indicated.

Troubled Debt Restructurings on Financing Receivables

The following table presents our troubled debt restructurings of loans held for investment and defaulted troubled debt restructurings of loans held for investment by loan portfolio segment and class for the years indicated:



						Troubled Debt Restructurings
	Troubled Debt Restructurings					That Subsequently Defaulted⁽¹⁾
		Pre-Modification		Post-Modification
	Number	Outstanding		Outstanding		Number
	of	Recorded		Recorded		of	Recorded
	Loans	Investment		Investment		Loans	Investment⁽¹⁾
	(Dollars In thousands)
Year Ended December 31, 2018
Real estate mortgage:
Commercial	10	$	17,181	$	2,604	—	$	—
Income producing and other residential	10	3,262		2,203		—	—
Commercial:
Asset-based ⁽²⁾	4	28,947		33,947		—	—
Venture capital	14	37,416		36,919		—	—
Other commercial	19	14,399		14,027		—	—
Consumer	3	673		673		—	—
Total	60	$	101,878	$	90,373	—	$	—	(3)
Year Ended December 31, 2017
Real estate mortgage:
Commercial	5	$	2,527	$	2,463	—	$	—
Income producing and other residential	8	1,328		489		—	—
Real estate construction and land:
Residential	1	362		—		—	—
Commercial:
Asset-based	5	4,219		4,219		—	—
Venture capital	11	29,733		29,733		—	—
Other commercial	19	31,471		22,236		1	1
Consumer	1	97		97		—	—
Total	50	$	69,737	$	59,237	1	$	1	(4)
Year Ended December 31, 2016
Real estate mortgage:
Commercial	12	$	13,833	$	6,099	—	$	—
Income producing and other residential	10	7,091		6,439		2	5,000
Real estate construction and land:
Commercial	1	1,245		1,245		—	—
Commercial:
Asset-based	7	44,196		42,572		2	1,502
Other commercial	19	32,946		32,946		—	—
Consumer	5	850		142		—	—
Total	54	$	100,161	$	89,443	4	$	6,502	(5)

_________________________

(1)

The population of defaulted TDRs for the period indicated includes only those loans restructured during the preceding 12-month period. For example, for the year ended December 31, 2018, the population of defaulted TDRs includes only those loans restructured after December 31, 2017. The table excludes defaulted TDRs in those classes for which the recorded investment was zero at the end of the period.


(2)	One commercial asset-based loan with a pre-modification balance of $27.3 million and a post-modification balance of $32.3 million was previously restructured in December 2017.


(3)	Represents the balance at December 31, 2018, and there were no charge-offs.


(4)	Represents the balance at December 31, 2017, and is net of charge-offs of $68,000.


(5)	Represents the balance at December 31, 2016, and there were no charge-offs.

Allowance for Loan Losses

The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment for the years indicated:



	Year Ended December 31, 2018
				Real Estate
	Real Estate			Construction
	Mortgage			and Land		Commercial			Consumer			Total
	(In thousands)
Allowance for Loan and lease losses:
Balance, beginning of year ⁽¹⁾	$	40,051		$	13,055	$	84,022		$	2,328		$	139,456
Charge-offs	(8,190		)	—		(50,481		)	(371		)	(59,042		)
Recoveries	2,350			195		12,566			173			15,284
Net (charge-offs) recoveries	(5,840		)	195		(37,915		)	(198		)	(43,758		)
Provision (negative provision)	11,810			14,959		10,253			(248		)	36,774
Balance, end of year	$	46,021		$	28,209	$	56,360		$	1,882		$	132,472

Ending Allowance by Impairment Methodology:
Individually evaluated for impairment	$	417		$	—	$	3,614		$	—		$	4,031
Collectively evaluated for impairment	$	45,604		$	28,209	$	52,746		$	1,882		$	128,441

Ending Loans and Leases by Impairment Methodology:
Individually evaluated for impairment	$	26,473		$	5,862	$	59,288		$	444		$	92,067
Collectively evaluated for impairment	7,891,668			2,227,794		7,345,307			400,877			17,865,646
Ending balance	$	7,918,141		$	2,233,656	$	7,404,595		$	401,321		$	17,957,713

_______________________________________


(1)	The allowance for loan losses related to PCI loans of $6.4 million as of December 31, 2017 is reflected in the beginning balance of the allowance for loan and lease losses for the year ended December 31, 2018.



	Year Ended December 31, 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 year	$	37,765		$	10,045	$	93,853		$	2,092		$	143,755		$	13,483		$	157,238
Charge-offs	(2,410		)	—		(70,709		)	(1,023		)	(74,142		)	(6,154		)	(80,296		)
Recoveries	1,209			429		9,415			132			11,185			363			11,548
Net (charge-offs) recoveries	(1,201		)	429		(61,294		)	(891		)	(62,957		)	(5,791		)	(68,748		)
Provision (negative provision)	(1,583		)	2,581		50,167			1,049			52,214			(1,248		)	50,966
Balance, end of year	$	34,981		$	13,055	$	82,726		$	2,250		$	133,012		$	6,444		$	139,456

Ending Allowance by
Impairment Methodology:
Individually evaluated for
impairment	$	970		$	—	$	12,635		$	16		$	13,621
Collectively evaluated for
impairment	$	34,011		$	13,055	$	70,091		$	2,234		$	119,391
Acquired loans with
deteriorated credit quality															$	6,444

Ending Loans and Leases by
Impairment Methodology:
Individually evaluated for
impairment	$	115,319		$	5,690	$	89,626		$	100		$	210,735
Collectively evaluated for
impairment	7,683,672			1,585,539		7,025,294			409,467			16,703,972
Acquired loans with
deteriorated credit quality															$	58,036
Ending balance	$	7,798,991		$	1,591,229	$	7,114,920		$	409,567		$	16,914,707		$	58,036		$	16,972,743

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 loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated:



	December 31, 2018
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	3,487	$	7,541	$	11,028	$	4,813,270	$	4,824,298
Income producing and other residential	1,557		476		2,033		3,091,810		3,093,843
Total real estate mortgage	5,044		8,017		13,061		7,905,080		7,918,141
Real estate construction and land:
Commercial	—		442		442		912,141		912,583
Residential	1,527		—		1,527		1,319,546		1,321,073
Total real estate construction and land	1,527		442		1,969		2,231,687		2,233,656
Commercial:
Asset-based	47		646		693		3,304,728		3,305,421
Venture capital	4,705		—		4,705		2,034,043		2,038,748
Other commercial	5,181		1,285		6,466		2,053,960		2,060,426
Total commercial	9,933		1,931		11,864		7,392,731		7,404,595
Consumer	581		333		914		400,407		401,321
Total	$	17,085	$	10,723	$	27,808	$	17,929,905	$	17,957,713



	December 31, 2017 ⁽¹⁾
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	29,070	$	9,107	$	38,177	$	5,323,310	$	5,361,487
Income producing and other residential	6,999		2,022		9,021		2,428,483		2,437,504
Total real estate mortgage	36,069		11,129		47,198		7,751,793		7,798,991
Real estate construction and land:
Commercial	—		—		—		769,075		769,075
Residential	2,081		—		2,081		820,073		822,154
Total real estate construction and land	2,081		—		2,081		1,589,148		1,591,229
Commercial:
Asset-based	344		690		1,034		2,923,837		2,924,871
Venture capital	6,533		760		7,293		2,115,418		2,122,711
Other commercial	2,846		1,586		4,432		2,062,906		2,067,338
Total commercial	9,723		3,036		12,759		7,102,161		7,114,920
Consumer	562		—		562		409,005		409,567
Total	$	48,435	$	14,165	$	62,600	$	16,852,107	$	16,914,707

Financing Receivable Non Accrual And Performing

The following table presents our nonaccrual and performing loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of the dates indicated:



	December 31, 2018						December 31, 2017 ⁽¹⁾
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	15,321	$	4,808,977	$	4,824,298	$	65,563	$	5,295,924	$	5,361,487
Income producing and other residential	2,524		3,091,319		3,093,843		3,350		2,434,154		2,437,504
Total real estate mortgage	17,845		7,900,296		7,918,141		68,913		7,730,078		7,798,991
Real estate construction and land:
Commercial	442		912,141		912,583		—		769,075		769,075
Residential	—		1,321,073		1,321,073		—		822,154		822,154
Total real estate construction and land	442		2,233,214		2,233,656		—		1,591,229		1,591,229
Commercial:
Asset-based	32,324		3,273,097		3,305,421		33,553		2,891,318		2,924,871
Venture capital	20,299		2,018,449		2,038,748		29,424		2,093,287		2,122,711
Other commercial	7,380		2,053,046		2,060,426		23,874		2,043,464		2,067,338
Total commercial	60,003		7,344,592		7,404,595		86,851		7,028,069		7,114,920
Consumer	1,043		400,278		401,321		20		409,547		409,567
Total	$	79,333	$	17,878,380	$	17,957,713	$	155,784	$	16,758,923	$	16,914,707

Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables

Nonaccrual loans and leases and performing TDRs are considered impaired for reporting purposes. TDRs are a result of rate reductions, term extensions, fee concessions and debt forgiveness or a combination thereof. At December 31, 2018 and 2017, we had unfunded commitments related to TDRs of $1.3 million and $4.5 million.

The following table presents the composition of our impaired loans and leases held for investment, net of deferred fees, by loan portfolio segment as of the dates indicated:



	December 31, 2018						December 31, 2017 ⁽¹⁾
					Total						Total
	Nonaccrual				Impaired		Nonaccrual				Impaired
	Loans				Loans		Loans				Loans
	and		Performing		and		and		Performing		and
	Leases		TDRs		Leases		Leases		TDRs		Leases
	(In thousands)
Real estate mortgage	$	17,845	$	11,484	$	29,329	$	68,913	$	47,560	$	116,473
Real estate construction and land	442		5,420		5,862		—		5,690		5,690
Commercial	60,003		692		60,695		86,851		3,488		90,339
Consumer	1,043		105		1,148		20		100		120
Total	$	79,333	$	17,701	$	97,034	$	155,784	$	56,838	$	212,622

Impaired Financing Receivables, Average Balances And Interest Income Recognized

The following tables present information regarding our impaired loans and leases held for investment, net of deferred fees, by loan portfolio segment and class as of and for the years indicated:



	December 31, 2018						December 31, 2017 ⁽¹⁾
			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	$	1,736	$	1,648	$	170	$	15,750	$	16,548	$	628
Income producing and other residential	2,569		2,563		247		2,787		2,957		342
Commercial:
Venture capital	11,621		13,255		3,141		16,565		17,203		4,267
Other commercial	473		482		473		20,404		29,951		8,368
Consumer	—		—		—		100		100		16
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	17,783	$	32,035	$	—	$	93,827	$	105,923	$	—
Income producing and other residential	7,241		9,425		—		4,109		4,481		—
Real estate construction and land:
Commercial	5,862		5,870		—		5,690		5,689		—
Commercial:
Asset-based	32,324		38,100		—		33,553		54,911		—
Venture capital	8,678		41,335		—		14,534		40,029		—
Other commercial	7,599		25,740		—		5,283		9,351		—
Consumer	1,148		1,470		—		20		93		—
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	29,329	$	45,671	$	417	$	116,473	$	129,909	$	970
Real estate construction and land	5,862		5,870		—		5,690		5,689		—
Commercial	60,695		118,912		3,614		90,339		151,445		12,635
Consumer	1,148		1,470		—		120		193		16
Total	$	97,034	$	171,923	$	4,031	$	212,622	$	287,236	$	13,621

________________________


(1)	Excludes PCI loans.



	Year Ended December 31,
	2018				2017 ⁽²⁾				2016 ⁽²⁾
	Weighted		Interest		Weighted		Interest		Weighted		Interest
	Average		Income		Average		Income		Average		Income
Impaired Loans and Leases	Balance ⁽¹⁾		Recognized		Balance ⁽¹⁾		Recognized		Balance ⁽¹⁾		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	1,736	$	72	$	15,538	$	881	$	26,870	$	898
Income producing and other residential	2,199		75		2,787		55		6,521		255
Real estate construction and land:
Residential	—		—		—		—		213		14
Commercial:
Asset-based	—		—		—		—		508		—
Venture capital	9,449		—		10,228		—		1,227		—
Other commercial	35		—		20,329		60		26,578		144
Consumer	—		—		100		8		233		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	15,714	$	236	$	89,554	$	2,648	$	41,917	$	1,506
Income producing and other residential	7,191		181		3,842		59		7,254		144
Real estate construction and land:
Commercial	5,460		383		5,690		306		6,680		224
Residential	—		—		—		—		364		—
Commercial:
Asset-based	32,324		—		31,388		—		31,000		—
Venture capital	689		—		2,860		—		2,446		—
Other commercial	6,286		98		3,404		84		2,750		22
Consumer	844		7		20		—		166		9
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	26,840	$	564	$	111,721	$	3,643	$	82,562	$	2,803
Real estate construction and land	5,460		383		5,690		306		7,257		238
Commercial	48,783		98		68,209		144		64,509		166
Consumer	844		7		120		8		399		9
Total	$	81,927	$	1,052	$	185,740	$	4,101	$	154,727	$	3,216

_________________________


(1)	For loans and leases reported as impaired at December 31, 2018, 2017, and 2016, amounts were calculated based on the period of time such loans and leases were impaired during the reported period.