Loans and Leases

9 Months Ended

Sep. 30, 2017

Receivables [Abstract]

Loans and Leases

Loans and Leases

The following table presents the major types of loans and leases, net of deferred fees and costs, as of September 30, 2017 and December 31, 2016: 

(in thousands)	September 30,		December 31,
	2017		2016
Commercial real estate
Non-owner occupied term, net	$	3,475,243	$	3,330,442
Owner occupied term, net	2,467,995		2,599,055
Multifamily, net	2,993,203		2,858,956
Construction & development, net	521,666		463,625
Residential development, net	186,400		142,984
Commercial
Term, net	1,819,664		1,508,780
LOC & other, net	1,134,045		1,116,259
Leases and equipment finance, net	1,137,732		950,588
Residential
Mortgage, net	3,094,361		2,887,971
Home equity loans & lines, net	1,079,931		1,011,844
Consumer & other, net	767,522		638,159
Total loans and leases, net of deferred fees and costs	$	18,677,762	$	17,508,663

The loan balances are net of deferred fees and costs of $74.5 million and $67.7 million as of September 30, 2017 and December 31, 2016, respectively. Net loans also include discounts on acquired loans of $13.1 million and $41.3 million as of September 30, 2017 and December 31, 2016, respectively. As of September 30, 2017, loans totaling $10.7 billion were pledged to secure borrowings and available lines of credit.

The outstanding contractual unpaid principal balance of purchased impaired loans, excluding acquisition accounting adjustments, was $276.5 million and $368.2 million at September 30, 2017 and December 31, 2016, respectively. The carrying balance of purchased impaired loans was $206.6 million and $280.4 million at September 30, 2017 and December 31, 2016, respectively.

The following tables present the changes in the accretable yield for purchased impaired loans for the three and nine months ended September 30, 2017 and 2016:

(in thousands)	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Balance, beginning of period	$	82,306		$	111,379		$	95,579		$	132,829
Accretion to interest income	(10,774		)	(11,042		)	(28,905		)	(35,217		)
Disposals	(2,721		)	(4,209		)	(10,270		)	(15,470		)
Reclassifications from non-accretable difference	6,189			4,931			18,596			18,917
Balance, end of period	$	75,000		$	101,059		$	75,000		$	101,059

Loans and leases sold 

In the course of managing the loan and lease portfolio, at certain times, management may decide to sell loans and leases.  The following table summarizes the carrying value of loans and leases sold by major loan type during the three and nine months ended September 30, 2017 and 2016: 

(in thousands)	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Commercial real estate
Non-owner occupied term, net	$	3,596	$	1,340	$	7,519	$	18,614
Owner occupied term, net	10,936		10,380		38,158		28,283
Multifamily, net	—		49		—		129,879
Commercial
Term, net	5,932		1,809		12,449		4,729
LOC & other, net	187		—		187		—
Leases and equipment finance, net	19,199		—		46,312		—
Residential
Mortgage, net	72,493		103,465		101,286		239,196
Total	$	112,343	$	117,043	$	205,911	$	420,701