Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Operating Segment Information

The following is a summary of operating segment balance sheet information for the periods indicated:

				Regional Segments
	Consolidated Company			Arizona			Nevada			Southern California			Northern California
At December 31, 2019:	(in millions)
Assets:
Cash, cash equivalents, and investment securities	$	4,471.2		$	1.8		$	9.0		$	2.3		$	2.2
Loans, net of deferred loan fees and costs	21,123.3			3,847.9			2,252.5			2,253.9			1,311.2
Less: allowance for credit losses	(167.8		)	(31.6		)	(18.0		)	(18.3		)	(9.7		)
Total loans	20,955.5			3,816.3			2,234.5			2,235.6			1,301.5
Other assets acquired through foreclosure, net	13.9			—			13.0			0.9			—
Goodwill and other intangible assets, net	297.6			—			23.2			—			154.6
Other assets	1,083.7			48.6			59.4			15.0			19.8
Total assets	$	26,821.9		$	3,866.7		$	2,339.1		$	2,253.8		$	1,478.1
Liabilities:
Deposits	$	22,796.5		$	5,384.7		$	4,350.1		$	2,585.3		$	2,373.6
Borrowings and qualifying debt	393.6			—			—			—			—
Other liabilities	615.1			17.8			11.9			1.2			15.9
Total liabilities	23,805.2			5,402.5			4,362.0			2,586.5			2,389.5
Allocated equity:	3,016.7			453.6			301.0			253.3			312.5
Total liabilities and stockholders' equity	$	26,821.9		$	5,856.1		$	4,663.0		$	2,839.8		$	2,702.0
Excess funds provided (used)	—			1,989.4			2,323.9			586.0			1,223.9

	National Business Lines
	HOA Services			Public & Nonprofit Finance			Technology & Innovation			Hotel Franchise Finance			Other NBLs			Corporate & Other
Assets:	(in millions)
Cash, cash equivalents, and investment securities	$	—		$	—		$	—		$	—		$	10.1		$	4,445.8
Loans, net of deferred loan fees and costs	237.2			1,635.6			1,552.0			1,930.8			6,098.7			3.5
Less: allowance for credit losses	(2.0		)	(13.7		)	(12.6		)	(12.6		)	(49.3		)	—
Total loans	235.2			1,621.9			1,539.4			1,918.2			6,049.4			3.5
Other assets acquired through foreclosure, net	—			—			—			—			—			—
Goodwill and other intangible assets, net	—			—			119.7			0.1			—			—
Other assets	1.2			18.3			7.3			8.8			64.3			841.0
Total assets	$	236.4		$	1,640.2		$	1,666.4		$	1,927.1		$	6,123.8		$	5,290.3
Liabilities:
Deposits	$	3,210.1		$	0.1		$	3,771.5		$	—		$	36.9		$	1,084.2
Borrowings and qualifying debt	—			—			—			—			—			393.6
Other liabilities	1.8			52.9			0.1			—			2.8			510.7
Total liabilities	3,211.9			53.0			3,771.6			—			39.7			1,988.5
Allocated equity:	84.5			131.6			317.5			158.5			494.3			509.9
Total liabilities and stockholders' equity	$	3,296.4		$	184.6		$	4,089.1		$	158.5		$	534.0		$	2,498.4
Excess funds provided (used)	3,060.0			(1,455.6		)	2,422.7			(1,768.6		)	(5,589.8		)	(2,791.9		)

				Regional Segments
	Consolidated Company			Arizona			Nevada			Southern California			Northern California
At December 31, 2018:	(in millions)
Assets:
Cash, cash equivalents, and investment securities	$	4,259.7		$	2.5		$	10.9		$	2.5		$	3.0
Loans, net of deferred loan fees and costs	17,710.6			3,647.9			2,003.5			2,161.1			1,300.2
Less: allowance for credit losses	(152.7		)	(30.7		)	(18.7		)	(19.8		)	(10.7		)
Total loans	17,557.9			3,617.2			1,984.8			2,141.3			1,289.5
Other assets acquired through foreclosure, net	17.9			0.8			13.9			—			—
Goodwill and other intangible assets, net	299.2			—			23.2			—			155.5
Other assets	974.8			46.9			57.8			14.2			23.9
Total assets	$	23,109.5		$	3,667.4		$	2,090.6		$	2,158.0		$	1,471.9
Liabilities:
Deposits	$	19,177.4		$	5,090.2		$	3,996.4		$	2,347.5		$	1,839.1
Borrowings and qualifying debt	851.5			—			—			—			—
Other liabilities	466.9			10.4			14.5			4.5			12.2
Total liabilities	20,495.8			5,100.6			4,010.9			2,352.0			1,851.3
Allocated equity:	2,613.7			441.0			277.4			242.9			304.1
Total liabilities and stockholders' equity	$	23,109.5		$	5,541.6		$	4,288.3		$	2,594.9		$	2,155.4
Excess funds provided (used)	—			1,874.2			2,197.7			436.9			683.5

	National Business Lines
	HOA Services			Public & Nonprofit Finance			Technology & Innovation			Hotel Franchise Finance			Other NBLs			Corporate & Other
Assets:	(in millions)
Cash, cash equivalents, and investment securities	$	—		$	—		$	—		$	—		$	—		$	4,240.8
Loans, net of deferred loan fees and costs	210.0			1,547.5			1,200.9			1,479.9			4,154.9			4.7
Less: allowance for credit losses	(1.9		)	(14.2		)	(10.0		)	(8.5		)	(38.2		)	—
Total loans	208.1			1,533.3			1,190.9			1,471.4			4,116.7			4.7
Other assets acquired through foreclosure, net	—			—			—			—			—			3.2
Goodwill and other intangible assets, net	—			—			120.4			0.1			—			—
Other assets	0.9			20.1			6.3			7.2			37.1			760.4
Total assets	$	209.0		$	1,553.4		$	1,317.6		$	1,478.7		$	4,153.8		$	5,009.1
Liabilities:
Deposits	$	2,607.2		$	—		$	2,559.0		$	—		$	—		$	738.0
Borrowings and qualifying debt	—			—			—			—			—			851.5
Other liabilities	2.1			25.2			0.1			0.4			49.6			347.9
Total liabilities	2,609.3			25.2			2,559.1			0.4			49.6			1,937.4
Allocated equity:	70.7			123.9			268.7			122.3			340.0			422.7
Total liabilities and stockholders' equity	$	2,680.0		$	149.1		$	2,827.8		$	122.7		$	389.6		$	2,360.1
Excess funds provided (used)	2,471.0			(1,404.3		)	1,510.2			(1,356.0		)	(3,764.2		)	(2,649.0		)

The following is a summary of operating segment income statement information for the periods indicated:

				Regional Segments
	Consolidated Company			Arizona			Nevada			Southern California			Northern California
Year Ended December 31, 2019:	(in thousands)
Net interest income	$	1,040,412		$	249,083		$	161,801		$	131,053		$	95,697
Provision for (recovery of) credit losses	18,500			3,181			545			1,243			(500		)
Net interest income after provision for credit losses	1,021,912			245,902			161,256			129,810			96,197
Non-interest income	65,095			7,169			12,021			4,149			8,591
Non-interest expense	(482,781		)	(96,578		)	(62,276		)	(60,310		)	(51,709		)
Income (loss) before income taxes	604,226			156,493			111,001			73,649			53,079
Income tax expense (benefit)	105,055			39,124			23,310			20,621			14,862
Net income	$	499,171		$	117,369		$	87,691		$	53,028		$	38,217

	National Business Lines
	HOA Services			Public & Nonprofit Finance			Technology & Innovation			Hotel Franchise Finance			Other NBLs			Corporate & Other
	(in thousands)
Net interest income	$	86,594		$	13,342		$	130,299		$	52,905		$	125,467		$	(5,829	)
Provision for (recovery of) credit losses	60			57			2,844			3,790			7,280			—
Net interest income after provision for credit losses	86,534			13,285			127,455			49,115			118,187			(5,829		)
Non-interest income	367			—			14,267			—			5,269			13,262
Non-interest expense	(37,078		)	(7,617		)	(47,974		)	(9,180		)	(44,561		)	(65,498		)
Income (loss) before income taxes	49,823			5,668			93,748			39,935			78,895			(58,065		)
Income tax expense (benefit)	11,459			1,304			21,562			9,185			18,146			(54,518		)
Net income	$	38,364		$	4,364		$	72,186		$	30,750		$	60,749		$	(3,547	)

				Regional Segments
	Consolidated Company			Arizona			Nevada			Southern California			Northern California
Year Ended December 31, 2018:	(in thousands)
Net interest income	$	915,879		$	224,754		$	148,085		$	115,561		$	92,583
Provision for (recovery of) credit losses	23,000			2,235			(2,447		)	2,292			1,809
Net interest income (expense) after provision for credit losses	892,879			222,519			150,532			113,269			90,774
Non-interest income	43,116			7,689			11,326			3,800			9,932
Non-interest expense	(425,667		)	(91,161		)	(62,536		)	(57,735		)	(52,574		)
Income (loss) before income taxes	510,328			139,047			99,322			59,334			48,132
Income tax expense (benefit)	74,540			34,824			20,951			16,709			13,565
Net income	$	435,788		$	104,223		$	78,371		$	42,625		$	34,567

	National Business Lines
	HOA Services			Public & Nonprofit Finance			Technology & Innovation			Hotel Franchise Finance			Other NBLs			Corporate & Other
	(in thousands)
Net interest income	$	67,154		$	15,149		$	105,029		$	55,332		$	80,073		$	12,159
Provision for (recovery of) credit losses	281			(1,101		)	5,657			3,275			11,046			(47		)
Net interest income (expense) after provision for credit losses	66,873			16,250			99,372			52,057			69,027			12,206
Non-interest income	614			158			14,121			13			2,076			(6,613		)
Non-interest expense	(32,390		)	(8,120		)	(41,159		)	(9,603		)	(26,822		)	(43,567		)
Income (loss) before income taxes	35,097			8,288			72,334			42,467			44,281			(37,974		)
Income tax expense (benefit)	8,072			1,905			16,637			9,768			10,184			(58,075		)
Net income	$	27,025		$	6,383		$	55,697		$	32,699		$	34,097		$	20,101

				Regional Segments
	Consolidated Company			Arizona			Nevada			Southern California			Northern California
Year Ended December 31, 2017:	(in thousands)
Net interest income (expense)	$	784,664		$	198,622		$	145,001		$	109,177		$	85,360
Provision for (recovery of) credit losses	17,250			1,153			(4,724		)	100			4,575
Net interest income (expense) after provision for credit losses	767,414			197,469			149,725			109,077			80,785
Non-interest income	45,344			4,757			9,135			3,396			10,000
Non-interest expense	(360,941		)	(76,118		)	(61,066		)	(51,808		)	(48,387		)
Income (loss) before income taxes	451,817			126,108			97,794			60,665			42,398
Income tax expense (benefit)	126,325			49,317			34,133			25,529			17,591
Net income	$	325,492		$	76,791		$	63,661		$	35,136		$	24,807

	National Business Lines
	HOA Services			Public & Nonprofit Finance			Technology & Innovation			Hotel Franchise Finance			Other NBLs			Corporate & Other
	(in thousands)
Net interest income (expense)	$	54,102		$	28,485		$	82,473		$	56,961		$	65,908		$	(41,425	)
Provision for (recovery of) credit losses	341			593			2,821			4,493			9,729			(1,831		)
Net interest income (expense) after provision for credit losses	53,761			27,892			79,652			52,468			56,179			(39,594		)
Non-interest income	558			—			8,422			52			1,772			7,252
Non-interest expense	(28,289		)	(8,522		)	(36,726		)	(10,166		)	(20,550		)	(19,309		)
Income (loss) before income taxes	26,030			19,370			51,348			42,354			37,401			(51,651		)
Income tax expense (benefit)	9,676			6,317			19,255			15,883			14,000			(65,376		)
Net income	$	16,354		$	13,053		$	32,093		$	26,471		$	23,401		$	13,725