XML 48 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Bank Loans (Tables)
 9 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Schedule Of Balance And Associated Percentage Of Each Major Loan Category In Bank Loan Portfolio

 

 

 

September 30, 2017

 

 

December 31, 2016

 

 

 

Balance

 

 

Percent

 

 

Balance

 

 

Percent

 

Residential real estate

 

$

2,517,543

 

 

 

36.6

%

 

$

2,161,400

 

 

 

38.4

%

Commercial and industrial

 

 

2,380,417

 

 

 

34.6

 

 

 

1,710,399

 

 

 

30.3

 

Securities-based loans

 

 

1,839,981

 

 

 

26.7

 

 

 

1,614,033

 

 

 

28.6

 

Commercial real estate

 

 

78,614

 

 

 

1.1

 

 

 

78,711

 

 

 

1.4

 

Consumer

 

 

36,149

 

 

 

0.5

 

 

 

45,391

 

 

 

0.8

 

Home equity lines of credit

 

 

13,072

 

 

 

0.2

 

 

 

15,008

 

 

 

0.3

 

Construction and land

 

 

18,115

 

 

 

0.3

 

 

 

12,623

 

 

 

0.2

 

Gross bank loans

 

 

6,883,891

 

 

 

100.0

%

 

 

5,637,565

 

 

 

100.0

%

Unamortized loan premium/(discount), net

 

 

655

 

 

 

 

 

 

 

858

 

 

 

 

 

Unamortized loan fees, net of loan fees

 

 

707

 

 

 

 

 

 

 

(49

)

 

 

 

 

Loans in process

 

 

(39,946

)

 

 

 

 

 

 

(2,021

)

 

 

 

 

Allowance for loan losses

 

 

(62,229

)

 

 

 

 

 

 

(45,163

)

 

 

 

 

Bank loans, net

 

$

6,783,078

 

 

 

 

 

 

$

5,591,190

 

 

 

 

 

 
Activity In The Allowance For Loan Losses By Portfolio Segment

 

 

 

Three Months Ended September 30, 2017

 

 

 

Beginning

Balance

 

 

Provision

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Balance

 

Commercial and industrial

 

$

40,805

 

 

$

6,312

 

 

$

—

 

 

$

35

 

 

$

47,152

 

Securities-based loans

 

 

3,600

 

 

 

(288

)

 

 

—

 

 

 

—

 

 

 

3,312

 

Consumer

 

 

105

 

 

 

(3

)

 

 

—

 

 

 

1

 

 

 

103

 

Residential real estate

 

 

5,569

 

 

 

1,566

 

 

 

—

 

 

 

—

 

 

 

7,135

 

Commercial real estate

 

 

932

 

 

 

95

 

 

 

—

 

 

 

—

 

 

 

1,027

 

Home equity lines of credit

 

 

283

 

 

 

(13

)

 

 

—

 

 

 

1

 

 

 

271

 

Construction and land

 

 

224

 

 

 

9

 

 

 

—

 

 

 

—

 

 

 

233

 

Qualitative

 

 

2,684

 

 

 

312

 

 

 

—

 

 

 

—

 

 

 

2,996

 

 

 

$

54,202

 

 

$

7,990

 

 

$

—

 

 

$

37

 

 

$

62,229

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

Beginning

Balance

 

 

Provision

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Balance

 

Commercial and industrial

 

$

35,127

 

 

$

12,239

 

 

$

(250

)

 

$

36

 

 

$

47,152

 

Securities-based loans

 

 

3,094

 

 

 

218

 

 

 

—

 

 

 

—

 

 

 

3,312

 

Consumer

 

 

129

 

 

 

(27

)

 

 

—

 

 

 

1

 

 

 

103

 

Residential real estate

 

 

2,660

 

 

 

4,475

 

 

 

—

 

 

 

—

 

 

 

7,135

 

Commercial real estate

 

 

1,363

 

 

 

2,367

 

 

 

(2,703

)

 

 

—

 

 

 

1,027

 

Home equity lines of credit

 

 

371

 

 

 

(102

)

 

 

—

 

 

 

2

 

 

 

271

 

Construction and land

 

 

232

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

233

 

Qualitative

 

 

2,187

 

 

 

809

 

 

 

—

 

 

 

—

 

 

 

2,996

 

 

 

$

45,163

 

 

$

19,980

 

 

$

(2,953

)

 

$

39

 

 

$

62,229

 

 

 

 

Three Months Ended September 30, 2016

 

 

 

Beginning

Balance

 

 

Provision

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Balance

 

Commercial and industrial

 

$

29,816

 

 

$

2,631

 

 

$

(267

)

 

$

—

 

 

$

32,180

 

Securities-based loans

 

 

1,731

 

 

 

172

 

 

 

—

 

 

 

—

 

 

 

1,903

 

Consumer

 

 

107

 

 

 

203

 

 

 

(16

)

 

 

1

 

 

 

295

 

Residential real estate

 

 

1,529

 

 

 

346

 

 

 

—

 

 

 

—

 

 

 

1,875

 

Commercial real estate

 

 

512

 

 

 

(8

)

 

 

—

 

 

 

—

 

 

 

504

 

Home equity lines of credit

 

 

283

 

 

 

2

 

 

 

—

 

 

 

—

 

 

 

285

 

Construction and land

 

 

144

 

 

 

59

 

 

 

—

 

 

 

—

 

 

 

203

 

Qualitative

 

 

1,744

 

 

 

156

 

 

 

—

 

 

 

—

 

 

 

1,900

 

 

 

$

35,866

 

 

$

3,561

 

 

$

(283

)

 

$

1

 

 

$

39,145

 

 

 

 

 

Nine Months Ended September 30, 2016

 

 

 

Beginning

Balance

 

 

Provision

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Balance

 

Commercial and industrial

 

$

24,748

 

 

$

7,699

 

 

$

(267

)

 

$

—

 

 

$

32,180

 

Securities-based loans

 

 

1,607

 

 

 

296

 

 

 

—

 

 

 

—

 

 

 

1,903

 

Consumer

 

 

105

 

 

 

205

 

 

 

(16

)

 

 

1

 

 

 

295

 

Residential real estate

 

 

1,241

 

 

 

644

 

 

 

(13

)

 

 

3

 

 

 

1,875

 

Commercial real estate

 

 

264

 

 

 

233

 

 

 

—

 

 

 

7

 

 

 

504

 

Home equity lines of credit

 

 

290

 

 

 

(5

)

 

 

—

 

 

 

—

 

 

 

285

 

Construction and land

 

 

78

 

 

 

125

 

 

 

—

 

 

 

—

 

 

 

203

 

Qualitative

 

 

1,454

 

 

 

446

 

 

 

—

 

 

 

—

 

 

 

1,900

 

 

 

$

29,787

 

 

$

9,643

 

 

$

(296

)

 

$

11

 

 

$

39,145

 

 
Recorded Balance Of Loans And Amount Of Allowance Allocated Based Upon Impairment Method By Portfolio Segment

 

 

 

Allowance for Loan Losses

 

 

Recorded Investment in Loans

 

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Total

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Total

 

Residential real estate

 

$

24

 

 

$

7,111

 

 

$

7,135

 

 

$

173

 

 

$

2,517,370

 

 

$

2,517,543

 

Commercial and industrial

 

 

2,131

 

 

 

45,021

 

 

 

47,152

 

 

 

14,511

 

 

 

2,365,906

 

 

 

2,380,417

 

Securities-based loans

 

 

—

 

 

 

3,312

 

 

 

3,312

 

 

 

—

 

 

 

1,839,981

 

 

 

1,839,981

 

Commercial real estate

 

 

—

 

 

 

1,027

 

 

 

1,027

 

 

 

—

 

 

 

78,614

 

 

 

78,614

 

Consumer

 

 

3

 

 

 

100

 

 

 

103

 

 

 

3

 

 

 

36,146

 

 

 

36,149

 

Home equity lines of credit

 

 

149

 

 

 

122

 

 

 

271

 

 

 

322

 

 

 

12,750

 

 

 

13,072

 

Construction and land

 

 

—

 

 

 

233

 

 

 

233

 

 

 

—

 

 

 

18,115

 

 

 

18,115

 

Qualitative

 

 

—

 

 

 

2,996

 

 

 

2,996

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

2,307

 

 

$

59,922

 

 

$

62,229

 

 

$

15,009

 

 

$

6,868,882

 

 

$

6,883,891

 

 

 

 

Allowance for Loan Losses

 

 

Recorded Investment in Loans

 

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Total

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Total

 

Residential real estate

 

$

24

 

 

$

2,636

 

 

$

2,660

 

 

$

178

 

 

$

2,161,222

 

 

$

2,161,400

 

Commercial and industrial

 

 

2,392

 

 

 

32,735

 

 

 

35,127

 

 

 

16,815

 

 

 

1,693,584

 

 

 

1,710,399

 

Securities-based loans

 

 

—

 

 

 

3,094

 

 

 

3,094

 

 

 

—

 

 

 

1,614,033

 

 

 

1,614,033

 

Commercial real estate

 

 

722

 

 

 

641

 

 

 

1,363

 

 

 

9,522

 

 

 

69,189

 

 

 

78,711

 

Consumer

 

 

6

 

 

 

123

 

 

 

129

 

 

 

6

 

 

 

45,385

 

 

 

45,391

 

Home equity lines of credit

 

 

231

 

 

 

140

 

 

 

371

 

 

 

413

 

 

 

14,595

 

 

 

15,008

 

Construction and land

 

 

—

 

 

 

232

 

 

 

232

 

 

 

—

 

 

 

12,623

 

 

 

12,623

 

Qualitative

 

 

—

 

 

 

2,187

 

 

 

2,187

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

3,375

 

 

$

41,788

 

 

$

45,163

 

 

$

26,934

 

 

$

5,610,631

 

 

$

5,637,565

 

 
Loans That Were Individually Evaluated For Impairment By Portfolio Segment

 

 

 

September 30, 2017

 

 

 

Unpaid

Contractual

Principal

Balance

 

 

Recorded

Investment

with No

Allowance

 

 

Recorded

Investment

with

Allowance

 

 

Total

Recorded

Investment

 

 

Related

Allowance

 

 

Average

Recorded

Investment

 

Commercial and industrial

 

$

14,511

 

 

$

—

 

 

$

14,511

 

 

$

14,511

 

 

$

2,131

 

 

$

16,057

 

Consumer

 

 

677

 

 

 

—

 

 

 

3

 

 

 

3

 

 

 

3

 

 

 

6

 

Residential real estate

 

 

173

 

 

 

—

 

 

 

173

 

 

 

173

 

 

 

24

 

 

 

175

 

Home equity lines of credit

 

 

322

 

 

 

—

 

 

 

322

 

 

 

322

 

 

 

149

 

 

 

323

 

Total

 

$

15,683

 

 

$

—

 

 

$

15,009

 

 

$

15,009

 

 

$

2,307

 

 

$

16,561

 

 

 

 

December 31, 2016

 

 

 

Unpaid

Contractual

Principal

Balance

 

 

Recorded

Investment

with No

Allowance

 

 

Recorded

Investment

with

Allowance

 

 

Total

Recorded

Investment

 

 

Related

Allowance

 

 

Average

Recorded

Investment

 

Commercial and industrial

 

$

16,815

 

 

$

—

 

 

$

16,815

 

 

$

16,815

 

 

$

2,392

 

 

$

22,559

 

Commercial real estate

 

 

10,503

 

 

 

—

 

 

 

9,522

 

 

 

9,522

 

 

 

722

 

 

 

9,080

 

Consumer

 

 

833

 

 

 

—

 

 

 

6

 

 

 

6

 

 

 

6

 

 

 

9

 

Home equity lines of credit

 

 

413

 

 

 

—

 

 

 

413

 

 

 

413

 

 

 

231

 

 

 

413

 

Residential real estate

 

 

178

 

 

 

—

 

 

 

178

 

 

 

178

 

 

 

24

 

 

 

181

 

Total

 

$

28,742

 

 

$

—

 

 

$

26,934

 

 

$

26,934

 

 

$

3,375

 

 

$

32,242

 

 
Aging Of The Recorded Investment In Past Due Loans

 

 

 

As of September 30, 2017

 

 

 

30 – 89 Days

Past Due

 

 

90 or More

Days Past Due

 

 

Total Past

Due

 

 

Current

Balance

 

 

Total

 

Residential real estate

 

$

5,471

 

 

$

—

 

 

$

5,471

 

 

$

2,512,072

 

 

$

2,517,543

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,380,417

 

 

 

2,380,417

 

Securities-based loans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,839,981

 

 

 

1,839,981

 

Commercial real estate

 

 

—

 

 

 

—

 

 

 

—

 

 

 

78,614

 

 

 

78,614

 

Consumer

 

 

314

 

 

 

2

 

 

 

316

 

 

 

35,833

 

 

 

36,149

 

Home equity lines of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,072

 

 

 

13,072

 

Construction and land

 

 

—

 

 

 

—

 

 

 

—

 

 

 

18,115

 

 

 

18,115

 

Total

 

$

5,785

 

 

$

2

 

 

$

5,787

 

 

$

6,878,104

 

 

$

6,883,891

 

 

 

 

As of September 30, 2017 *

 

 

 

Non-Accrual

 

 

Restructured (1)

 

 

Total

 

Commercial and industrial

 

$

5,749

 

 

$

8,762

 

 

$

14,511

 

Home equity lines of credit

 

 

322

 

 

 

—

 

 

 

322

 

Residential real estate

 

 

—

 

 

 

173

 

 

 

173

 

Consumer

 

 

3

 

 

 

—

 

 

 

3

 

Total

 

$

6,074

 

 

$

8,935

 

 

$

15,009

 

 

(1)

On non-accrual status.

*

There were no loans past due 90 days and still accruing interest at September 30, 2017.

 

 

 

As of December 31, 2016

 

 

 

30 – 89 Days

Past Due

 

 

90 or More

Days Past Due

 

 

Total

Past Due

 

 

Current

Balance

 

 

Total

 

Residential real estate

 

$

1,923

 

 

$

—

 

 

$

1,923

 

 

$

2,159,477

 

 

$

2,161,400

 

Commercial and industrial

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,710,399

 

 

 

1,710,399

 

Securities-based loans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,614,033

 

 

 

1,614,033

 

Commercial real estate

 

 

9,522

 

 

 

—

 

 

 

9,522

 

 

 

69,189

 

 

 

78,711

 

Consumer

 

 

—

 

 

 

2

 

 

 

2

 

 

 

45,389

 

 

 

45,391

 

Home equity lines of credit

 

 

78

 

 

 

196

 

 

 

274

 

 

 

14,734

 

 

 

15,008

 

Construction and land

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12,623

 

 

 

12,623

 

Total

 

$

11,523

 

 

$

198

 

 

$

11,721

 

 

$

5,625,844

 

 

$

5,637,565

 

 

 

 

As of December 31, 2016*

 

 

 

Non-Accrual

 

 

Restructured

 

 

Total

 

Commercial and industrial

 

$

16,815

 

 

$

—

 

 

$

16,815

 

Commercial real estate

 

 

—

 

 

 

9,522

 

 

 

9,522

 

Home equity lines of credit

 

 

413

 

 

 

—

 

 

 

413

 

Residential real estate

 

 

—

 

 

 

178

 

 

 

178

 

Consumer

 

 

6

 

 

 

—

 

 

 

6

 

Total

 

$

17,234

 

 

$

9,700

 

 

$

26,934

 

 

*

There were no loans past due 90 days and still accruing interest at December 31, 2016.
Risk Category Of Loan Portfolio

 

 

 

As of September 30, 2017

 

 

 

Pass

 

 

Special Mention

 

 

Substandard

 

 

Doubtful

 

 

Total

 

Residential real estate

 

$

2,516,586

 

 

$

784

 

 

$

173

 

 

$

—

 

 

$

2,517,543

 

Commercial and industrial

 

 

2,338,246

 

 

 

26,548

 

 

 

15,623

 

 

 

—

 

 

 

2,380,417

 

Securities-based loans

 

 

1,839,981

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,839,981

 

Commercial real estate

 

 

78,614

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

78,614

 

Consumer

 

 

36,144

 

 

 

—

 

 

 

5

 

 

 

—

 

 

 

36,149

 

Home equity lines of credit

 

 

12,750

 

 

 

—

 

 

 

322

 

 

 

—

 

 

 

13,072

 

Construction and land

 

 

18,115

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

18,115

 

Total

 

$

6,840,436

 

 

$

27,332

 

 

$

16,123

 

 

$

—

 

 

$

6,883,891

 

 

 

 

As of December 31, 2016

 

 

 

Pass

 

 

Special Mention

 

 

Substandard

 

 

Doubtful

 

 

Total

 

Residential real estate

 

$

2,161,223

 

 

$

—

 

 

$

177

 

 

$

—

 

 

$

2,161,400

 

Commercial and industrial

 

 

1,652,211

 

 

 

27,905

 

 

 

30,283

 

 

 

—

 

 

 

1,710,399

 

Securities-based loans

 

 

1,614,033

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,614,033

 

Commercial real estate

 

 

69,189

 

 

 

—

 

 

 

9,522

 

 

 

—

 

 

 

78,711

 

Consumer

 

 

45,385

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

45,391

 

Home equity lines of credit

 

 

14,595

 

 

 

—

 

 

 

413

 

 

 

—

 

 

 

15,008

 

Construction and land

 

 

12,623

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12,623

 

Total

 

$

5,569,259

 

 

$

27,905

 

 

$

40,401

 

 

$

—

 

 

$

5,637,565