Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2017

Variable Interest Entities [Abstract]

The following tables provide a summary of the investments in low income housing tax credit partnerships at December 31, 2017 and 2016 and income (loss) related to these investments for the years ended December 2017, 2016, and 2015.



	2017		2016
(in thousands)
Proportional amortization method investments included in other assets	$	58,343	$	—
Equity method investments included in other assets	1,725		26,495
Cumulative equity investments in LIHTC partnerships	46,659		34,065
Unfunded commitments included in other liabilities	39,994		17,420
Short-term construction loans and letter of credit commitments	7,180		—
Funded portion of short-term loans and letters of credit	—		—



	Years Ended December 31,
	2017			2016		2015
(in thousands)
Proportional amortization expense recognized as a component of income tax expense	$	1,820		$	—	$	—
Income (loss) from equity method investments recognized as a component of non-interest income	(1,648		)	389		553

The following tables provide a summary of the investments in real estate partnerships at December 31, 2017 and 2016 and income related to these investments for the years ended December 2017, 2016, and 2015.



	2017		2016
(in thousands)
Equity method investments included in other assets	$	6,468	$	6,822
Unfunded commitments included in other liabilities	—		—



	Years Ended December 31,
	2017		2016		2015
(in thousands)
Income from equity method investments recognized as a component of non-interest income	$	1,584	$	1,040	$	1,212

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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