Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Tables)

12 Months Ended

Dec. 31, 2014

Financing Receivable, Allowance for Credit Losses [Line Items]

Changes in the Allowance for Loan and Lease Losses

The following tables show a detailed analysis of the allowance for loan and lease losses for loans for the years ended December 31, 2014, 2013 and 2012:

	Beginning Balance		Charge-offs			Recoveries		Provision (Recovery)			Ending Balance		Specific Reserve		General Allocation
Year ended December 31, 2014	(in thousands)
Commercial business:
Secured	$	31,027	$	(4,159	)	$	2,637	$	(3,582	)	$	25,923	$	25	$	25,898
Unsecured	696		(130		)	370		(9		)	927		2		925
Real estate:
One-to-four family residential	1,252		(230		)	159		1,100			2,281		120		2,161
Commercial and multifamily residential:
Commercial land	489		(29		)	70		269			799		—		799
Income property	9,234		(1,934		)	819		1,040			9,159		—		9,159
Owner occupied	3,605		(1,030		)	51		2,381			5,007		27		4,980
Real estate construction:
One-to-four family residential:
Land and acquisition	610		—			740		(153		)	1,197		67		1,130
Residential construction	822		—			1,190		(152		)	1,860		—		1,860
Commercial and multifamily residential:
Income property	285		—			—		337			622		—		622
Owner occupied	58		—			—		376			434		—		434
Consumer	2,547		(2,774		)	1,353		2,054			3,180		—		3,180
Purchased credit impaired	20,174		(14,436		)	7,721		2,877			16,336		—		16,336
Unallocated	1,655		—			—		189			1,844		—		1,844
Total	$	72,454	$	(24,722	)	$	15,110	$	6,727		$	69,569	$	241	$	69,328

	Beginning Balance		Charge-offs			Recoveries		Provision (Recovery)			Ending Balance		Specific Reserve		General Allocation
Year Ended December 31, 2013	(in thousands)
Commercial business:
Secured	$	27,270	$	(4,148	)	$	1,512	$	6,393		$	31,027	$	343	$	30,684
Unsecured	753		(794		)	932		(195		)	696		35		661
Real estate:
One-to-four family residential	694		(228		)	270		516			1,252		138		1,114
Commercial and multifamily residential:
Commercial land	460		(20		)	169		(120		)	489		—		489
Income property	11,033		(1,405		)	489		(883		)	9,234		26		9,208
Owner occupied	6,362		(1,118		)	375		(2,014		)	3,605		1,073		2,532
Real estate construction:
One-to-four family residential:
Land and acquisition	1,171		(32		)	2,553		(3,082		)	610		71		539
Residential construction	635		(101		)	112		176			822		—		822
Commercial and multifamily residential:
Income property	316		—			—		(31		)	285		—		285
Owner occupied	102		—			—		(44		)	58		—		58
Consumer	2,437		(2,242		)	552		1,800			2,547		4		2,543
Purchased credit impaired	30,056		(13,853		)	7,232		(3,261		)	20,174		—		20,174
Unallocated	1,011		—			—		644			1,655		—		1,655
Total	$	82,300	$	(23,941	)	$	14,196	$	(101	)	$	72,454	$	1,690	$	70,764

	Beginning Balance		Charge-offs			Recoveries		Provision (Recovery)			Ending Balance		Specific Reserve		General Allocation
Year ended December 31, 2012	(in thousands)
Commercial business:
Secured	$	24,745	$	(10,029	)	$	1,354	$	11,200		$	27,270	$	113	$	27,157
Unsecured	689		(144		)	194		14			753		92		661
Real estate:
One-to-four family residential	654		(549		)	285		304			694		112		582
Commercial and multifamily residential:
Commercial land	488		(526		)	63		435			460		—		460
Income property	9,551		(4,030		)	905		4,607			11,033		1,040		9,993
Owner occupied	9,606		(918		)	631		(2,957		)	6,362		38		6,324
Real estate construction:
One-to-four family residential:
Land and acquisition	2,331		(989		)	1,059		(1,230		)	1,171		—		1,171
Residential construction	864		(617		)	429		(41		)	635		—		635
Commercial and multifamily residential:
Income property	665		(93		)	66		(322		)	316		—		316
Owner occupied	35		—			—		67			102		—		102
Consumer	2,719		(2,534		)	1,171		1,081			2,437		—		2,437
Purchased credit impaired	4,944		(5,112		)	4,332		25,892			30,056		—		30,056
Unallocated	694		—			—		317			1,011		—		1,011
Total	$	57,985	$	(25,541	)	$	10,489	$	39,367		$	82,300	$	1,395	$	80,905

Changes in the Allowance for Unfunded Commitments and Letters of Credit

Changes in the allowance for unfunded commitments and letters of credit, a component of other liabilities in the consolidated balance sheet, are summarized as follows:

	Years Ended December 31,
	2014		2013		2012
	(in thousands)
Beginning balance	$	2,505	$	1,915	$	1,535
Net changes in the allowance for unfunded commitments and letters of credit	150		590		380
Ending balance	$	2,655	$	2,505	$	1,915

Financing Receivable Credit Quality Indicators [Table Text Block]

The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans as of December 31, 2014 and 2013:

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
December 31, 2014	(in thousands)
Loans, excluding PCI loans
Commercial business:
Secured	$	1,963,210	$	15,790	$	54,628	$	—	$	—	$	2,033,628
Unsecured	79,534		—		559		—		—		80,093
Real estate:
One-to-four family residential	163,914		55		7,795		—		—		171,764
Commercial and multifamily residential:
Commercial land	183,701		4,217		1,861		—		—		189,779
Income property	1,287,729		5,885		8,385		—		—		1,301,999
Owner occupied	825,694		7,876		11,171		—		—		844,741
Real estate construction:
One-to-four family residential:
Land and acquisition	15,307		167		1,036		—		—		16,510
Residential construction	96,031		909		1,581		—		—		98,521
Commercial and multifamily residential:
Income property	73,783		—		—		—		—		73,783
Owner occupied	58,055		—		889		—		—		58,944
Consumer	339,695		68		5,269		—		—		345,032
Total	$	5,086,653	$	34,967	$	93,174	$	—	$	—	5,214,794
Less:
Allowance for loan losses											53,233
Loans, excluding PCI loans, net											$	5,161,561

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
December 31, 2013	(in thousands)
Loans, excluding PCI loans
Commercial business:
Secured	$	1,372,038	$	43,309	$	68,300	$	—	$	—	$	1,483,647
Unsecured	72,226		199		179		—		—		72,604
Real estate:
One-to-four family residential	98,626		1,567		5,699		—		—		105,892
Commercial and multifamily residential:
Commercial land	137,850		—		4,984		—		—		142,834
Income property	1,108,033		5,473		32,926		—		—		1,146,432
Owner occupied	748,725		—		11,884		—		—		760,609
Real estate construction:
One-to-four family residential:
Land and acquisition	7,526		—		4,144		—		—		11,670
Residential construction	36,270		2,352		3,370		—		—		41,992
Commercial and multifamily residential:
Income property	86,206		—		315		—		—		86,521
Owner occupied	38,916		—		—		—		—		38,916
Consumer	321,348		331		6,188		467		—		328,334
Total	$	4,027,764	$	53,231	$	137,989	$	467	$	—	4,219,451
Less:
Allowance for loan losses											52,280
Loans, excluding PCI loans, net											$	4,167,171

The following is an analysis of the credit quality of our PCI loan portfolio as of December 31, 2014 and 2013:

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
December 31, 2014	(in thousands)
PCI loans:
Commercial business:
Secured	$	37,927	$	937	$	9,223	$	—	$	—	$	48,087
Unsecured	2,156		—		91		—		—		2,247
Real estate:
One-to-four family residential	28,822		—		3,159		—		—		31,981
Commercial and multifamily residential:
Commercial land	9,104		—		6,240		—		—		15,344
Income property	51,435		1,892		7,186		—		—		60,513
Owner occupied	58,629		346		5,566		—		—		64,541
Real estate construction:
One-to-four family residential:
Land and acquisition	1,595		—		913		—		—		2,508
Residential construction	741		—		1,104		—		—		1,845
Commercial and multifamily residential:
Income property	1,435		—		227		—		—		1,662
Owner occupied	926		—		—		—		—		926
Consumer	24,037		—		2,777		—		—		26,814
Total	$	216,807	$	3,175	$	36,486	$	—	$	—	256,468
Less:
Valuation discount resulting from acquisition accounting											25,884
Allowance for loan losses											16,336
PCI loans, net											$	214,248

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
December 31, 2013	(in thousands)
PCI loans:
Commercial business:
Secured	$	48,510	$	2,849	$	18,291	$	—	$	—	$	69,650
Unsecured	2,732		396		92		—		—		3,220
Real estate:
One-to-four family residential	35,066		1,842		4,734		—		—		41,642
Commercial and multifamily residential:
Commercial land	10,778		198		7,589		—		—		18,565
Income property	55,985		3,950		10,657		—		—		70,592
Owner occupied	67,653		111		13,958		—		—		81,722
Real estate construction:
One-to-four family residential:
Land and acquisition	4,674		2,739		1,936		—		—		9,349
Residential construction	3,008		—		2,424		—		—		5,432
Commercial and multifamily residential:
Income property	3,806		—		1,709		—		—		5,515
Owner occupied	1,074		—		280		—		—		1,354
Consumer	30,722		33		3,319		27		—		34,101
Total	$	264,008	$	12,118	$	64,989	$	27	$	—	341,142
Less:
Valuation discount resulting from acquisition accounting											43,297
Allowance for loan losses											20,174
PCI loans, net											$	277,671