Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 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 September 30, 2018 and December 31, 2017 (in thousands):

	September 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	$	8,419	$	30	$	31,532	$	39,981	$	4,867,218	$	4,907,199
Asset-based		—		—		—		—		391,875		391,875
Factoring		—		—		—		—		287,352		287,352
Commercial – credit card		396		36		—		432		199,854		200,286
Real estate:
Real estate – construction		—		—		—		—		828,033		828,033
Real estate – commercial		2,226		—		14,284		16,510		3,700,644		3,717,154
Real estate – residential		100		—		802		902		687,511		688,413
Real estate – HELOC		717		—		3,435		4,152		559,399		563,551
Consumer:
Consumer – credit card		1,884		1,861		462		4,207		212,250		216,457
Consumer – other		475		—		53		528		158,265		158,793
Leases		—		—		—		—		5,611		5,611
Total loans	$	14,217	$	1,927	$	50,568	$	66,712	$	11,898,012	$	11,964,724

	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 September 30, 2018 and December 31, 2017 (in thousands):

Credit Exposure

Credit Risk Profile by Risk Rating

	Commercial				Asset-based				Factoring
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
	2018		2017		2018		2017		2018		2017
Non-watch list	$	4,447,646	$	4,048,238	$	329,986	$	306,899	$	245,248	$	220,795
Watch		158,164		162,788		—		—		—		—
Special Mention		68,591		106,638		59,396		29,715		42,104		47
Substandard		232,798		235,376		2,493		—		—		830
Total	$	4,907,199	$	4,553,040	$	391,875	$	336,614	$	287,352	$	221,672

	Real estate – construction				Real estate – commercial
	September 30,		December 31,		September 30,		December 31,
	2018		2017		2018		2017
Non-watch list	$	827,835	$	716,830	$	3,581,155	$	3,434,982
Watch		—		631		48,567		50,715
Special Mention		—		—		20,869		35,940
Substandard		198		388		66,563		41,993
Total	$	828,033	$	717,849	$	3,717,154	$	3,563,630

Credit Exposure

Credit Risk Profile Based on Payment Activity

	Commercial – credit card				Real estate – residential				Real estate – HELOC
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
	2018		2017		2018		2017		2018		2017
Performing	$	200,286	$	172,291	$	687,611	$	637,662	$	560,116	$	645,366
Non-performing		—		—		802		929		3,435		3,013
Total	$	200,286	$	172,291	$	688,413	$	638,591	$	563,551	$	648,379

	Consumer – credit card				Consumer – other				Leases
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
	2018		2017		2018		2017		2018		2017
Performing	$	215,995	$	252,385	$	158,740	$	151,747	$	5,611	$	23,967
Non-performing		462		312		53		36		—		—
Total	$	216,457	$	252,697	$	158,793	$	151,783	$	5,611	$	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 nine months ended September 30, 2018 (in thousands):

	Three Months Ended September 30, 2018
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	77,091		$	12,226		$	8,940		$	41		$	98,298
Charge-offs		(1,252	)		(462	)		(2,250	)		—			(3,964	)
Recoveries		628			54			536			—			1,218
Provision		4,090			236			1,453			(29	)		5,750
Ending balance	$	80,557		$	12,054		$	8,679		$	12		$	101,302

	Nine Months Ended September 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		(15,186	)		(3,312	)		(7,503	)		—			(26,001	)
Recoveries		1,578			357			2,014			—			3,949
Provision		13,009			5,697			4,085			(41	)		22,750
Ending balance	$	80,557		$	12,054		$	8,679		$	12		$	101,302
Ending balance: individually evaluated for impairment	$	4,454		$	156		$	—		$	—		$	4,610
Ending balance: collectively evaluated for impairment		76,103			11,898			8,679			12			96,692
Loans:
Ending balance: loans	$	5,786,712		$	5,797,151		$	375,250		$	5,611		$	11,964,724
Ending balance: individually evaluated for impairment		35,474			10,865			—			—			46,339
Ending balance: collectively evaluated for impairment		5,751,238			5,786,286			375,250			5,611			11,918,385

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

	Three Months Ended September 30, 2017
	Commercial			Real estate			Consumer			Leases			Total
Allowance for loan losses:
Beginning balance	$	76,858		$	11,905		$	8,961		$	73		$	97,797
Charge-offs		(9,151	)		(439	)		(2,281	)		—			(11,871	)
Recoveries		190			201			572			—			963
Provision		8,166			1,844			1,495			(5	)		11,500
Ending balance	$	76,063		$	13,511		$	8,747		$	68		$	98,389

	Nine Months Ended September 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		(24,734	)		(888	)		(7,442	)		—			(33,064	)
Recoveries		2,519			620			1,665			—			4,804
Provision		26,621			3,210			5,213			(44	)		35,000
Ending balance	$	76,063		$	13,511		$	8,747		$	68		$	98,389
Ending balance: individually evaluated for impairment	$	3,060		$	125		$	—		$	—		$	3,185
Ending balance: collectively evaluated for impairment		73,003			13,386			8,747			68			95,204
Loans:
Ending balance: loans	$	5,102,259		$	5,447,874		$	422,450		$	24,445		$	10,997,028
Ending balance: individually evaluated for impairment		62,872			8,310			—			—			71,182
Ending balance: collectively evaluated for impairment		5,039,387			5,439,564			422,450			24,445			10,925,846

Analysis of Impaired Loans

Impaired Loans

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

	As of September 30, 2018
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Commercial:
Commercial	$	46,484	$	20,731	$	14,743	$	35,474	$	4,454	$	46,417
Asset-based		—		—		—		—		—		—
Factoring		—		—		—		—		—		343
Commercial – credit card		—		—		—		—		—		—
Real estate:
Real estate – construction		—		—		—		—		—		70
Real estate – commercial		13,406		10,184		386		10,570		79		12,113
Real estate – residential		306		200		95		295		77		306
Real estate – HELOC		—		—		—		—		—		—
Consumer:
Consumer – credit card		—		—		—		—		—		—
Consumer – other		—		—		—		—		—		—
Leases		—		—		—		—		—		—
Total	$	60,196	$	31,115	$	15,224	$	46,339	$	4,610	$	59,249

	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