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Loans (Tables)
 12 Months Ended
Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]  
Analysis of Loan Portfolio by Major Types of Loans
The following is an analysis of the loan portfolio by segment (net of unearned income):
 
 
December 31, 2016
 
December 31, 2015
 
 
Loans, excluding PCI loans
 
PCI Loans
 
Total
 
Loans, excluding PCI loans
 
PCI Loans
 
Total
 
 
(in thousands)
Commercial business
 
$
2,551,054

 
$
20,185

 
$
2,571,239

 
$
2,362,575

 
$
34,848

 
$
2,397,423

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
170,331

 
17,862

 
188,193

 
176,295

 
23,938

 
200,233

Commercial and multifamily residential
 
2,719,830

 
89,231

 
2,809,061

 
2,491,736

 
99,389

 
2,591,125

Total real estate
 
2,890,161

 
107,093

 
2,997,254

 
2,668,031

 
123,327

 
2,791,358

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
121,887

 
832

 
122,719

 
135,874

 
2,278

 
138,152

Commercial and multifamily residential
 
209,118

 
1,565

 
210,683

 
167,413

 
1,630

 
169,043

Total real estate construction
 
331,005

 
2,397

 
333,402

 
303,287

 
3,908

 
307,195

Consumer
 
329,261

 
15,985

 
345,246

 
342,601

 
18,823

 
361,424

Less: Net unearned income
 
(33,718
)
 
—

 
(33,718
)
 
(42,373
)
 
—

 
(42,373
)
Total loans, net of unearned income
 
6,067,763

 
145,660

 
6,213,423

 
5,634,121

 
180,906

 
5,815,027

Less: Allowance for loan and lease losses
 
(59,528
)
 
(10,515
)
 
(70,043
)
 
(54,446
)
 
(13,726
)
 
(68,172
)
Total loans, net
 
$
6,008,235

 
$
135,145

 
$
6,143,380

 
$
5,579,675

 
$
167,180

 
$
5,746,855

Loans held for sale
 
$
5,846

 
$
—

 
$
5,846

 
$
4,509

 
$
—

 
$
4,509
Analysis of Nonaccrual Loans
The following is an analysis of nonaccrual loans as of December 31, 2016 and 2015:
 
 
December 31, 2016
 
December 31, 2015
 
 
Recorded
Investment
Nonaccrual
Loans
 
Unpaid Principal
Balance
Nonaccrual
Loans
 
Recorded
Investment
Nonaccrual
Loans
 
Unpaid Principal
Balance
Nonaccrual
Loans
 
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
Secured
 
$
11,524

 
$
21,503

 
$
9,395

 
$
15,688

Unsecured
 
31

 
303

 
42

 
256

Real estate:
 
 
 
 
 
 
 
 
One-to-four family residential
 
568

 
1,302

 
820

 
1,866

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
Commercial land
 
934

 
922

 
349

 
332

Income property
 
4,005

 
4,247

 
2,843

 
3,124

Owner occupied
 
6,248

 
9,030

 
6,321

 
8,943

Real estate construction:
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
Land and acquisition
 
14

 
102

 
362

 
385

Residential construction
 
549

 
549

 
566

 
679

Consumer
 
3,883

 
4,331

 
766

 
990

Total
 
$
27,756

 
$
42,289

 
$
21,464

 
$
32,263
Loans, Excluding Purchased Credit Impaired Loans [Member]  
Financing Receivable, Recorded Investment [Line Items]  
Analysis of the Aged Loan Portfolio
The following is an aging of the recorded investment of the loan portfolio as of December 31, 2016 and 2015:
 
 
Current
Loans
 
30 - 59
Days
Past Due
 
60 - 89
Days
Past Due
 
Greater
than 90
Days Past
Due
 
Total
Past Due
 
Nonaccrual
Loans
 
Total Loans
December 31, 2016
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
2,439,250

 
$
806

 
$
10

 
$
—

 
$
816

 
$
11,524

 
$
2,451,590

Unsecured
 
94,118

 
287

 
301

 
—

 
588

 
31

 
94,737

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
164,416

 
2,448

 
500

 
—

 
2,948

 
568

 
167,932

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
269,816

 
64

 
—

 
—

 
64

 
934

 
270,814

Income property
 
1,365,150

 
480

 
111

 
—

 
591

 
4,005

 
1,369,746

Owner occupied
 
1,052,078

 
1,652

 
—

 
—

 
1,652

 
6,248

 
1,059,978

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
11,542

 
—

 
—

 
—

 
—

 
14

 
11,556

Residential construction
 
109,080

 
—

 
—

 
—

 
—

 
549

 
109,629

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
103,779

 
—

 
—

 
—

 
—

 
—

 
103,779

Owner occupied
 
103,480

 
—

 
—

 
—

 
—

 
—

 
103,480

Consumer
 
318,369

 
2,035

 
235

 
—

 
2,270

 
3,883

 
324,522

Total
 
$
6,031,078

 
$
7,772

 
$
1,157

 
$
—

 
$
8,929

 
$
27,756

 
$
6,067,763

 
 
Current
Loans
 
30 - 59
Days
Past Due
 
60 - 89
Days
Past Due
 
Greater
than 90
Days Past
Due
 
Total
Past Due
 
Nonaccrual
Loans
 
Total Loans
December 31, 2015
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
2,241,069

 
$
11,611

 
$
617

 
$
—

 
$
12,228

 
$
9,395

 
$
2,262,692

Unsecured
 
94,867

 
39

 
—

 
—

 
39

 
42

 
94,948

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
170,913

 
1,637

 
66

 
—

 
1,703

 
820

 
173,436

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
212,740

 
69

 
—

 
—

 
69

 
349

 
213,158

Income property
 
1,305,502

 
1,750

 
684

 
—

 
2,434

 
2,843

 
1,310,779

Owner occupied
 
939,396

 
599

 
—

 
—

 
599

 
6,321

 
946,316

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
14,388

 
—

 
—

 
—

 
—

 
362

 
14,750

Residential construction
 
119,809

 
—

 
—

 
—

 
—

 
566

 
120,375

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
83,634

 
—

 
—

 
—

 
—

 
—

 
83,634

Owner occupied
 
81,671

 
—

 
—

 
—

 
—

 
—

 
81,671

Consumer
 
328,219

 
2,597

 
780

 
—

 
3,377

 
766

 
332,362

Total
 
$
5,592,208

 
$
18,302

 
$
2,147

 
$
—

 
$
20,449

 
$
21,464

 
$
5,634,121
Impaired Financing Receivables
The following is an analysis of the impaired loans (see Note 1) as of December 31, 2016 and 2015:
 
 
Recorded Investment
of Loans
Collectively Measured
for Contingency
Provision
 
Recorded Investment
of Loans
Individually
Measured for
Specific
Impairment
 
Impaired Loans With
Recorded Allowance
 
Impaired Loans Without
Recorded Allowance
 
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
December 31, 2016
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
2,442,772

 
$
8,818

 
$
2,414

 
$
2,484

 
$
664

 
$
6,404

 
$
12,831

Unsecured
 
94,737

 
—

 
—

 
—

 
—

 
—

 
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
167,403

 
529

 
435

 
693

 
12

 
94

 
291

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
270,106

 
708

 
—

 
—

 
—

 
708

 
687

Income property
 
1,365,321

 
4,425

 
540

 
544

 
27

 
3,885

 
4,148

Owner occupied
 
1,054,564

 
5,414

 
—

 
—

 
—

 
5,414

 
8,102

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
11,542

 
14

 
14

 
102

 
1

 
—

 
—

Residential construction
 
109,293

 
336

 
—

 
—

 
—

 
336

 
336

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
103,779

 
—

 
—

 
—

 
—

 
—

 
—

Owner occupied
 
103,480

 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
319,307

 
5,215

 
4,464

 
4,558

 
57

 
751

 
833

Total
 
$
6,042,304

 
$
25,459

 
$
7,867

 
$
8,381

 
$
761

 
$
17,592

 
$
27,228

 
 
 
Recorded Investment
of Loans
Collectively Measured
for Contingency
Provision
 
Recorded Investment
of Loans
Individually
Measured for
Specific
Impairment
 
Impaired Loans With
Recorded Allowance
 
Impaired Loans Without
Recorded Allowance
 
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
December 31, 2015
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
2,257,168

 
$
5,524

 
$
690

 
$
718

 
$
321

 
$
4,834

 
$
6,455

Unsecured
 
94,948

 
—

 
—

 
—

 
—

 
—

 
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
172,150

 
1,286

 
314

 
339

 
314

 
972

 
1,397

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
213,158

 
—

 
—

 
—

 
—

 
—

 
—

Income property
 
1,308,673

 
2,106

 
—

 
—

 
—

 
2,106

 
2,311

Owner occupied
 
940,261

 
6,055

 
—

 
—

 
—

 
6,055

 
8,528

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
14,283

 
467

 
—

 
—

 
—

 
467

 
490

Residential construction
 
119,813

 
562

 
335

 
335

 
3

 
227

 
227

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
83,634

 
—

 
—

 
—

 
—

 
—

 
—

Owner occupied
 
81,671

 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
332,282

 
80

 
15

 
15

 
15

 
65

 
139

Total
 
$
5,618,041

 
$
16,080

 
$
1,354

 
$
1,407

 
$
653

 
$
14,726

 
$
19,547


The following table provides additional information on impaired loans for the years ended December 31, 2016, 2015 and 2014:
 
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
Average Recorded
Investment
Impaired Loans 
 
Interest Recognized
on
Impaired Loans
 
 
(in thousands)
Commercial business
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
9,368

 
$
79

 
$
7,987

 
$
84

 
$
7,345

 
$
36

Unsecured
 
—

 
—

 
—

 
—

 
19

 
1

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
743

 
10

 
2,848

 
47

 
2,094

 
49

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
425

 
—

 
94

 
—

 
82

 
—

Income property
 
2,492

 
26

 
2,913

 
36

 
6,782

 
270

Owner occupied
 
5,084

 
—

 
7,052

 
26

 
9,472

 
956

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
199

 
—

 
641

 
5

 
694

 
6

Residential construction
 
472

 
—

 
648

 
—

 
—

 
—

Consumer
 
2,710

 
122

 
189

 
4

 
147

 
9

Total
 
$
21,493

 
$
237

 
$
22,372

 
$
202

 
$
26,635

 
$
1,327
Analysis of loans classified as Troubled Debt Restructurings (“TDR”)
The following is an analysis of loans classified as troubled debt restructurings (“TDR”) for the years ended December 31, 2016, 2015 and 2014:
 
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number of TDR Modifications
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
 
(dollars in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
9

 
$
2,131

 
$
2,131

 
5

 
$
3,724

 
$
3,706

 
4

 
$
759

 
$
759

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
3

 
203

 
203

 
1

 
30

 
30

 
2

 
494

 
494

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
—

 
—

 
—

 
—

 
—

 
—

 
1

 
143

 
126

Owner occupied
 
1

 
250

 
250

 
—

 
—

 
—

 
1

 
1,496

 
1,496

Consumer
 
41

 
5,095

 
5,093

 
1

 
54

 
54

 
—

 
—

 
—

Total
 
54

 
$
7,679

 
$
7,677

 
7

 
$
3,808

 
$
3,790

 
8

 
$
2,892

 
$
2,875
Purchased Credit Impaired Loans [Member]  
Financing Receivable, Recorded Investment [Line Items]  
Analysis of Loan Portfolio by Major Types of Loans
The following is an analysis of our PCI loans, net of related allowance for losses and remaining valuation discounts as of December 31, 2016 and 2015:
 
 
December 31, 2016
 
December 31, 2015
 
 
(in thousands)
Commercial business
 
$
21,606

 
$
38,784

Real estate:
 
 
 
 
One-to-four family residential
 
20,643

 
27,195

Commercial and multifamily residential
 
94,795

 
106,308

Total real estate
 
115,438

 
133,503

Real estate construction:
 
 
 
 
One-to-four family residential
 
832

 
2,326

Commercial and multifamily residential
 
1,726

 
1,834

Total real estate construction
 
2,558

 
4,160

Consumer
 
17,649

 
20,903

Subtotal of purchased credit impaired loans
 
157,251

 
197,350

Less:
 
 
 
 
Valuation discount resulting from acquisition accounting
 
11,591

 
16,444

Allowance for loan losses
 
10,515

 
13,726

PCI loans, net of valuation discounts and allowance for loan losses
 
$
135,145

 
$
167,180
Changes in Accretable Yield for Acquired Loans [Table Text Block]
The following table shows the changes in accretable yield for acquired loans for the years ended December 31, 2016, 2015, and 2014:
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(in thousands)
Balance at beginning of period
 
$
58,981

 
$
73,849

 
$
103,907

Accretion
 
(16,266
)
 
(21,919
)
 
(36,066
)
Disposals
 
(148
)
 
(1,681
)
 
(3,386
)
Reclassifications from nonaccretable difference
 
2,624

 
8,732

 
9,394

Balance at end of period
 
$
45,191

 
$
58,981

 
$
73,849