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

12 Months Ended

Dec. 31, 2015

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 ALLL for loans for the years ended December 31, 2015, 2014 and 2013:

	Beginning Balance		Charge-offs			Recoveries		Provision (Recovery)			Ending Balance		Specific Reserve		General Allocation
Year Ended December 31, 2015	(in thousands)
Commercial business:
Secured	$	25,923	$	(7,486	)	$	2,069	$	11,815		$	32,321	$	321	$	32,000
Unsecured	927		(780		)	267		885			1,299		—		1,299
Real estate:
One-to-four family residential	2,281		(376		)	307		(1,296		)	916		314		602
Commercial and multifamily residential:
Commercial land	799		—			291		88			1,178		—		1,178
Income property	9,159		(390		)	3,568		(5,721		)	6,616		—		6,616
Owner occupied	5,007		(115		)	116		542			5,550		—		5,550
Real estate construction:
One-to-four family residential:
Land and acquisition	1,197		—			103		(961		)	339		—		339
Residential construction	1,860		—			90		(1,217		)	733		3		730
Commercial and multifamily residential:
Income property	622		—			8		(242		)	388		—		388
Owner occupied	434		—			—		572			1,006		—		1,006
Consumer	3,180		(2,066		)	931		1,486			3,531		15		3,516
Purchased credit impaired	16,336		(13,854		)	7,329		3,915			13,726		—		13,726
Unallocated	1,844		—			—		(1,275		)	569		—		569
Total	$	69,569	$	(25,067	)	$	15,079	$	8,591		$	68,172	$	653	$	67,519

	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

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,
	2015		2014		2013
	(in thousands)
Beginning balance	$	2,655	$	2,505	$	1,915
Net changes in the allowance for unfunded commitments and letters of credit	275		150		590
Ending balance	$	2,930	$	2,655	$	2,505

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, 2015 and 2014:

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
December 31, 2015	(in thousands)
Loans, excluding PCI loans
Commercial business:
Secured	$	2,146,729	$	59,746	$	56,217	$	—	$	—	$	2,262,692
Unsecured	93,347		278		1,323		—		—		94,948
Real estate:
One-to-four family residential	171,945		52		1,439		—		—		173,436
Commercial and multifamily residential:
Commercial land	207,768		4,966		424		—		—		213,158
Income property	1,296,043		5,889		8,847		—		—		1,310,779
Owner occupied	918,986		9,668		17,662		—		—		946,316
Real estate construction:
One-to-four family residential:
Land and acquisition	14,388		—		362		—		—		14,750
Residential construction	119,243		—		1,132		—		—		120,375
Commercial and multifamily residential:
Income property	83,634		—		—		—		—		83,634
Owner occupied	81,270		—		401		—		—		81,671
Consumer	328,286		—		4,076		—		—		332,362
Total	$	5,461,639	$	80,599	$	91,883	$	—	$	—	5,634,121
Less:
Allowance for loan losses											54,446
Loans, excluding PCI loans, net											$	5,579,675

	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

The following is an analysis of the credit quality of our PCI loan portfolio as of December 31, 2015 and 2014:

	Pass		Special Mention		Substandard		Doubtful		Loss		Total
December 31, 2015	(in thousands)
PCI loans:
Commercial business:
Secured	$	31,468	$	101	$	5,995	$	—	$	—	$	37,564
Unsecured	1,218		—		2		—		—		1,220
Real estate:
One-to-four family residential	25,018		—		2,177		—		—		27,195
Commercial and multifamily residential:
Commercial land	8,234		—		664		—		—		8,898
Income property	36,426		—		5,916		—		—		42,342
Owner occupied	53,071		261		1,736		—		—		55,068
Real estate construction:
One-to-four family residential:
Land and acquisition	1,086		—		479		—		—		1,565
Residential construction	427		—		334		—		—		761
Commercial and multifamily residential:
Income property	1,303		—		—		—		—		1,303
Owner occupied	531		—		—		—		—		531
Consumer	20,122		—		781		—		—		20,903
Total	$	178,904	$	362	$	18,084	$	—	$	—	197,350
Less:
Valuation discount resulting from acquisition accounting											16,444
Allowance for loan losses											13,726
PCI loans, net											$	167,180

	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