Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Summary of Loan Classes and Aging of Past Due Loans

This table provides a summary of loan classes and an aging of past due loans at June 30, 2018 and December 31, 2017 (in thousands):

	June 30, 2018
	30-89 Days Past Due and Accruing		Greater than 90 Days Past Due and Accruing		Non- Accrual Loans		Total Past Due		Current		Total Loans
Loans
Commercial:
Commercial	$	5,709	$	819	$	37,568	$	44,096	$	4,592,913	$	4,637,009
Asset-based		—		—		—		—		368,328		368,328
Factoring		—		—		—		—		249,351		249,351
Commercial – credit card		676		36		—		712		186,379		187,091
Real estate:
Real estate – construction		—		—		—		—		789,458		789,458
Real estate – commercial		3,335		—		14,245		17,580		3,731,046		3,748,626
Real estate – residential		331		—		683		1,014		686,250		687,264
Real estate – HELOC		791		—		3,089		3,880		575,024		578,904
Consumer:
Consumer – credit card		1,875		1,856		407		4,138		223,187		227,325
Consumer – other		151		172		38		361		137,913		138,274
Leases		—		—		—		—		19,998		19,998
Total loans	$	12,868	$	2,883	$	56,030	$	71,781	$	11,559,847	$	11,631,628

	December 31, 2017
	30-89 Days Past Due and Accruing		Greater than 90 Days Past Due and Accruing		Non- Accrual Loans		Total Past Due		Current		Total Loans
Loans
Commercial:
Commercial	$	11,216	$	672	$	38,644	$	50,532	$	4,502,508	$	4,553,040
Asset-based		—		—		—		—		336,614		336,614
Factoring		—		—		—		—		221,672		221,672
Commercial – credit card		387		79		—		466		171,825		172,291
Real estate:
Real estate – construction		6,666		243		93		7,002		710,847		717,849
Real estate – commercial		832		—		16,115		16,947		3,546,683		3,563,630
Real estate – residential		791		—		929		1,720		636,871		638,591
Real estate – HELOC		1,254		—		3,013		4,267		644,112		648,379
Consumer:
Consumer – credit card		2,155		2,057		312		4,524		248,173		252,697
Consumer – other		835		40		36		911		150,872		151,783
Leases		—		—		—		—		23,967		23,967
Total loans	$	24,136	$	3,091	$	59,142	$	86,369	$	11,194,144	$	11,280,513

Credit Risk Profile by Risk Rating and Based on Payment Activity

This table provides an analysis of the credit risk profile of each loan class excluded from ASC 310-30, Loans and Debt Securities Purchased with Deteriorated Credit Quality, at June 30, 2018 and December 31, 2017 (in thousands):

Credit Exposure

Credit Risk Profile by Risk Rating

	Commercial				Asset-based				Factoring
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2018		2017		2018		2017		2018		2017
Non-watch list	$	4,142,433	$	4,048,238	$	291,213	$	306,899	$	249,163	$	220,795
Watch		161,466		162,788		—		—		—		—
Special Mention		117,253		106,638		77,115		29,715		188		47
Substandard		215,857		235,376		—		—		—		830
Total	$	4,637,009	$	4,553,040	$	368,328	$	336,614	$	249,351	$	221,672

	Real estate – construction				Real estate – commercial
	June 30,		December 31,		June 30,		December 31,
	2018		2017		2018		2017
Non-watch list	$	787,424	$	716,830	$	3,594,253	$	3,434,982
Watch		1,841		631		55,776		50,715
Special Mention		—		—		34,051		35,940
Substandard		193		388		64,546		41,993
Total	$	789,458	$	717,849	$	3,748,626	$	3,563,630

Credit Exposure

Credit Risk Profile Based on Payment Activity

	Commercial – credit card				Real estate – residential				Real estate – HELOC
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2018		2017		2018		2017		2018		2017
Performing	$	187,091	$	172,291	$	686,581	$	637,662	$	575,815	$	645,366
Non-performing		—		—		683		929		3,089		3,013
Total	$	187,091	$	172,291	$	687,264	$	638,591	$	578,904	$	648,379

	Consumer – credit card				Consumer – other				Leases
	June 30,		December 31,		June 30,		December 31,		June 30,		December 31,
	2018		2017		2018		2017		2018		2017
Performing	$	226,918	$	252,385	$	138,236	$	151,747	$	19,998	$	23,967
Non-performing		407		312		38		36		—		—
Total	$	227,325	$	252,697	$	138,274	$	151,783	$	19,998	$	23,967

Rollforward of Allowance for Loan Losses by Portfolio Segment

This table provides a rollforward of the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2018 (in thousands):

	Three Months Ended June 30, 2018
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	81,057		$	9,738		$	9,460		$	47		$	100,302
Charge-offs		(6,616	)		(1,108	)		(2,553	)		—			(10,277	)
Recoveries		479			73			721			—			1,273
Provision		2,171			3,523			1,312			(6	)		7,000
Ending balance	$	77,091		$	12,226		$	8,940		$	41		$	98,298

	Six Months Ended June 30, 2018
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	81,156		$	9,312		$	10,083		$	53		$	100,604
Charge-offs		(13,934	)		(2,850	)		(5,253	)		—			(22,037	)
Recoveries		950			303			1,478			—			2,731
Provision		8,919			5,461			2,632			(12	)		17,000
Ending balance	$	77,091		$	12,226		$	8,940		$	41		$	98,298
Ending balance: individually evaluated for impairment	$	4,340		$	121		$	—		$	—		$	4,461
Ending balance: collectively evaluated for impairment		72,751			12,105			8,940			41			93,837
Loans:
Ending balance: loans	$	5,441,779		$	5,804,252		$	365,599		$	19,998		$	11,631,628
Ending balance: individually evaluated for impairment		41,556			10,791			—			—			52,347
Ending balance: collectively evaluated for impairment		5,400,223			5,793,461			365,599			19,998			11,579,281

This table provides a rollforward of the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2017 (in thousands):

	Three Months Ended June 30, 2017
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	73,197		$	10,512		$	9,510		$	104		$	93,323
Charge-offs		(9,602	)		(263	)		(2,624	)		—			(12,489	)
Recoveries		1,631			358			474			—			2,463
Provision		11,632			1,298			1,601			(31	)		14,500
Ending balance	$	76,858		$	11,905		$	8,961		$	73		$	97,797

	Six Months Ended June 30, 2017
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	71,657		$	10,569		$	9,311		$	112		$	91,649
Charge-offs		(15,583	)		(449	)		(5,161	)		—			(21,193	)
Recoveries		2,329			419			1,093			—			3,841
Provision		18,455			1,366			3,718			(39	)		23,500
Ending balance	$	76,858		$	11,905		$	8,961		$	73		$	97,797
Ending balance: individually evaluated for impairment	$	8,362		$	74		$	—		$	—		$	8,436
Ending balance: collectively evaluated for impairment		68,496			11,831			8,961			73			89,361
Loans:
Ending balance: loans	$	5,208,864		$	5,243,881		$	368,029		$	27,804		$	10,848,578
Ending balance: individually evaluated for impairment		68,359			9,086			—			—			77,445
Ending balance: collectively evaluated for impairment		5,140,505			5,234,795			368,029			27,804			10,771,133

Analysis of Impaired Loans

Impaired Loans

This table provides an analysis of impaired loans by class at June 30, 2018 and December 31, 2017 (in thousands):

	As of June 30, 2018
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Commercial:
Commercial	$	76,063	$	27,143	$	14,413	$	41,556	$	4,340	$	50,064
Asset-based		—		—		—		—		—		—
Factoring		—		—		—		—		—		458
Commercial – credit card		—		—		—		—		—		—
Real estate:
Real estate – construction		108		93		—		93		—		93
Real estate – commercial		17,261		10,183		216		10,399		45		12,628
Real estate – residential		311		203		96		299		76		309
Real estate – HELOC		—		—		—		—		—		—
Consumer:
Consumer – credit card		—		—		—		—		—		—
Consumer – other		—		—		—		—		—		—
Leases		—		—		—		—		—		—
Total	$	93,743	$	37,622	$	14,725	$	52,347	$	4,461	$	63,552

	As of December 31, 2017
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Commercial:
Commercial	$	84,749	$	44,525	$	16,465	$	60,990	$	6,299	$	65,385
Asset-based		—		—		—		—		—		—
Factoring		830		—		830		830		306		207
Commercial – credit card		—		—		—		—		—		—
Real estate:
Real estate – construction		108		93		—		93		—		148
Real estate – commercial		16,284		7,968		4,477		12,445		3		10,506
Real estate – residential		427		321		97		418		75		221
Real estate – HELOC		—		—		—		—		—		—
Consumer:
Consumer – credit card		—		—		—		—		—		—
Consumer – other		—		—		—		—		—		8
Leases		—		—		—		—		—		—
Total	$	102,398	$	52,907	$	21,869	$	74,776	$	6,683	$	76,475