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Loans (Tables)
 12 Months Ended
Dec. 31, 2018
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,
 
 
2018
 
2017
 
 
Loans, excluding PCI loans
 
PCI Loans
 
Total
 
Loans, excluding PCI loans
 
PCI Loans
 
Total
 
 
(in thousands)
Commercial business
 
$
3,438,422

 
$
9,240

 
$
3,447,662

 
$
3,377,324

 
$
12,628

 
$
3,389,952

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
238,367

 
8,017

 
246,384

 
188,396

 
12,395

 
200,791

Commercial and multifamily residential
 
3,846,027

 
62,910

 
3,908,937

 
3,825,739

 
75,594

 
3,901,333

Total real estate
 
4,084,394

 
70,927

 
4,155,321

 
4,014,135

 
87,989

 
4,102,124

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
217,790

 
153

 
217,943

 
200,518

 
177

 
200,695

Commercial and multifamily residential
 
284,394

 
534

 
284,928

 
371,931

 
607

 
372,538

Total real estate construction
 
502,184

 
687

 
502,871

 
572,449

 
784

 
573,233

Consumer
 
318,945

 
8,906

 
327,851

 
334,190

 
11,269

 
345,459

Less: Net unearned income
 
(42,194
)
 
—

 
(42,194
)
 
(52,111
)
 
—

 
(52,111
)
Total loans, net of unearned income
 
8,301,751

 
89,760

 
8,391,511

 
8,245,987

 
112,670

 
8,358,657

Less: Allowance for loan and lease losses
 
(79,758
)
 
(3,611
)
 
(83,369
)
 
(68,739
)
 
(6,907
)
 
(75,646
)
Total loans, net
 
$
8,221,993

 
$
86,149

 
$
8,308,142

 
$
8,177,248

 
$
105,763

 
$
8,283,011

Loans held for sale
 
$
3,849

 
$
—

 
$
3,849

 
$
5,766

 
$
—

 
$
5,766
Analysis of Nonaccrual Loans
The following is an analysis of nonaccrual loans as of December 31, 2018 and 2017:
 
 
December 31,
 
 
2018
 
2017
 
 
Recorded
Investment
Nonaccrual
Loans
 
Unpaid Principal
Balance
Nonaccrual
Loans
 
Recorded
Investment
Nonaccrual
Loans
 
Unpaid Principal
Balance
Nonaccrual
Loans
 
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
Secured
 
$
35,504

 
$
45,072

 
$
45,410

 
$
56,865

Unsecured
 
9

 
9

 
50

 
49

Real estate:
 
 
 
 
 
 
 
 
One-to-four family residential
 
1,158

 
1,178

 
785

 
1,182

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
Commercial land
 
2,261

 
2,270

 
2,628

 
2,623

Income property
 
2,721

 
3,062

 
4,284

 
5,410

Owner occupied
 
9,922

 
10,300

 
7,029

 
7,270

Real estate construction:
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
Land and acquisition
 
318

 
318

 
25

 
26

Residential construction
 
—

 
—

 
1,829

 
1,828

Consumer
 
2,949

 
3,149

 
4,149

 
4,633

Total
 
$
54,842

 
$
65,358

 
$
66,189

 
$
79,886
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, 2018 and 2017:
 
 
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, 2018
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
3,267,709

 
$
5,864

 
$
3,624

 
$
—

 
$
9,488

 
$
35,504

 
$
3,312,701

Unsecured
 
111,868

 
240

 
—

 
—

 
240

 
9

 
112,117

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
233,941

 
694

 
233

 
—

 
927

 
1,158

 
236,026

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
283,416

 
—

 
—

 
—

 
—

 
2,261

 
285,677

Income property
 
1,910,505

 
5,009

 
2,241

 
—

 
7,250

 
2,721

 
1,920,476

Owner occupied
 
1,606,085

 
1,744

 
—

 
—

 
1,744

 
9,922

 
1,617,751

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
4,099

 
—

 
—

 
—

 
—

 
318

 
4,417

Residential construction
 
212,303

 
93

 
—

 
—

 
93

 
—

 
212,396

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
194,912

 
—

 
—

 
—

 
—

 
—

 
194,912

Owner occupied
 
79,805

 
7,258

 
—

 
—

 
7,258

 
—

 
87,063

Consumer
 
314,008

 
1,057

 
201

 
—

 
1,258

 
2,949

 
318,215

Total
 
$
8,218,651

 
$
21,959

 
$
6,299

 
$
—

 
$
28,258

 
$
54,842

 
$
8,301,751

 
 
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, 2017
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
3,185,321

 
$
2,530

 
$
2,400

 
$
—

 
$
4,930

 
$
45,410

 
$
3,235,661

Unsecured
 
123,524

 
100

 
501

 
—

 
601

 
50

 
124,175

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
184,256

 
1,111

 
402

 
—

 
1,513

 
785

 
186,554

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
292,680

 
92

 
—

 
581

 
673

 
2,628

 
295,981

Income property
 
1,898,655

 
2,426

 
971

 
—

 
3,397

 
4,284

 
1,906,336

Owner occupied
 
1,590,004

 
2,485

 
468

 
—

 
2,953

 
7,029

 
1,599,986

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
9,882

 
—

 
—

 
—

 
—

 
25

 
9,907

Residential construction
 
187,862

 
—

 
—

 
—

 
—

 
1,829

 
189,691

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
293,028

 
—

 
—

 
—

 
—

 
—

 
293,028

Owner occupied
 
72,443

 
—

 
—

 
—

 
—

 
—

 
72,443

Consumer
 
325,928

 
1,446

 
702

 
—

 
2,148

 
4,149

 
332,225

Total
 
$
8,163,583

 
$
10,190

 
$
5,444

 
$
581

 
$
16,215

 
$
66,189

 
$
8,245,987
Impaired Financing Receivables
The following is an analysis of the impaired loans (see Note 1, “Summary of Significant Accounting Policies,”) as of December 31, 2018 and 2017:
 
 
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, 2018
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
3,286,416

 
$
26,285

 
$
6,350

 
$
8,460

 
$
2,023

 
$
19,935

 
$
24,404

Unsecured
 
112,097

 
20

 
20

 
20

 
—

 
—

 
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
235,138

 
888

 
325

 
798

 
8

 
563

 
575

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
283,451

 
2,226

 
—

 
—

 
—

 
2,226

 
2,272

Income property
 
1,917,522

 
2,954

 
99

 
165

 
1

 
2,855

 
3,011

Owner occupied
 
1,605,042

 
12,709

 
3,231

 
4,666

 
69

 
9,478

 
9,750

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
4,417

 
—

 
—

 
—

 
—

 
—

 
—

Residential construction
 
212,396

 
—

 
—

 
—

 
—

 
—

 
—

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
194,912

 
—

 
—

 
—

 
—

 
—

 
—

Owner occupied
 
87,063

 
—

 
—

 
—

 
—

 
—

 
—

Consumer
 
314,193

 
4,022

 
3,326

 
3,584

 
31

 
696

 
704

Total
 
$
8,252,647

 
$
49,104

 
$
13,351

 
$
17,693

 
$
2,132

 
$
35,753

 
$
40,716

 
 
 
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, 2017
 
(in thousands)
Commercial business:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured
 
$
3,195,649

 
$
40,012

 
$
3,808

 
$
3,937

 
$
1,867

 
$
36,204

 
$
42,314

Unsecured
 
124,150

 
25

 
25

 
24

 
3

 
—

 
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
185,659

 
895

 
867

 
1,408

 
103

 
28

 
337

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
293,694

 
2,287

 
—

 
—

 
—

 
2,287

 
2,282

Income property
 
1,901,313

 
5,023

 
2,768

 
3,328

 
185

 
2,255

 
2,601

Owner occupied
 
1,591,298

 
8,688

 
77

 
80

 
3

 
8,611

 
10,077

Real estate construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land and acquisition
 
9,907

 
—

 
—

 
—

 
—

 
—

 
—

Residential construction
 
188,481

 
1,210

 
—

 
—

 
—

 
1,210

 
1,210

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income property
 
293,028

 
—

 
—

 
—

 
—

 
—

 
—

Owner occupied
 
68,393

 
4,050

 
—

 
—

 
—

 
4,050

 
4,050

Consumer
 
325,210

 
7,015

 
5,303

 
5,568

 
199

 
1,712

 
1,864

Total
 
$
8,176,782

 
$
69,205

 
$
12,848

 
$
14,345

 
$
2,360

 
$
56,357

 
$
64,735


The following table provides additional information on impaired loans for the years ended December 31, 2018, 2017 and 2016:
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
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
 
$
39,701

 
$
81

 
$
20,282

 
$
60

 
$
9,368

 
$
79

Unsecured
 
191

 
2

 
5

 
—

 
—

 
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
748

 
42

 
730

 
49

 
743

 
10

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
2,371

 
34

 
2,079

 
—

 
425

 
—

Income property
 
3,284

 
130

 
4,314

 
51

 
2,492

 
26

Owner occupied
 
9,730

 
720

 
5,335

 
445

 
5,084

 
—

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

 
—

 
3

 
—

 
199

 
—

Residential construction
 
484

 
—

 
309

 
—

 
472

 
—

Commercial & multifamily residential
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
 
3,240

 
—

 
1,620

 
203

 
—

 
—

Consumer
 
5,712

 
129

 
5,973

 
163

 
2,710

 
122

Total
 
$
65,461

 
$
1,138

 
$
40,650

 
$
971

 
$
21,493

 
$
237
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, 2018, 2017 and 2016:
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
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
 
12

 
$
18,379

 
$
18,379

 
10

 
$
5,655

 
$
5,655

 
9

 
$
2,131

 
$
2,131

Unsecured
 
—

 
—

 
—

 
1

 
26

 
26

 
—

 
—

 
—

Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family residential
 
—

 
—

 
—

 
3

 
583

 
583

 
3

 
203

 
203

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial land
 
—

 
—

 
—

 
1

 
687

 
687

 
—

 
—

 
—

Income property
 
1

 
891

 
891

 
1

 
1,152

 
1,152

 
—

 
—

 
—

Owner occupied
 
—

 
—

 
—

 
1

 
78

 
78

 
1

 
250

 
250

Commercial and multifamily residential:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
 
—

 
—

 
—

 
1

 
4,050

 
4,050

 
—

 
—

 
—

Consumer
 
21

 
2,777

 
2,777

 
42

 
5,891

 
5,891

 
41

 
5,095

 
5,093

Total
 
34

 
$
22,047

 
$
22,047

 
60

 
$
18,122

 
$
18,122

 
54

 
$
7,679

 
$
7,677
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, 2018 and 2017:
 
 
December 31,
 
 
2018
 
2017
 
 
(in thousands)
Commercial business
 
$
9,672

 
$
13,753

Real estate:
 
 
 
 
One-to-four family residential
 
9,848

 
14,610

Commercial and multifamily residential
 
66,340

 
79,211

Total real estate
 
76,188

 
93,821

Real estate construction:
 
 
 
 
One-to-four family residential
 
153

 
177

Commercial and multifamily residential
 
507

 
595

Total real estate construction
 
660

 
772

Consumer
 
9,765

 
12,412

Subtotal of purchased credit impaired loans
 
96,285

 
120,758

Less:
 
 
 
 
Valuation discount resulting from acquisition accounting
 
6,525

 
8,088

Allowance for loan losses
 
3,611

 
6,907

PCI loans, net of valuation discounts and allowance for loan losses
 
$
86,149

 
$
105,763
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, 2018, 2017, and 2016:
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
(in thousands)
Balance at beginning of period
 
$
31,176

 
$
45,191

 
$
58,981

Accretion
 
(8,194
)
 
(12,357
)
 
(16,266
)
Disposals
 
(387
)
 
(158
)
 
(148
)
Reclassifications from (to) nonaccretable difference
 
(646
)
 
(1,500
)
 
2,624

Balance at end of period
 
$
21,949

 
$
31,176

 
$
45,191