Loans and Leases

6 Months Ended

Jun. 30, 2018

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 June 30, 2018 and December 31, 2017: 

(in thousands)	June 30, 2018		December 31, 2017
Commercial real estate
Non-owner occupied term, net	$	3,518,982	$	3,483,197
Owner occupied term, net	2,473,734		2,476,654
Multifamily, net	3,185,923		3,060,616
Construction & development, net	568,562		540,696
Residential development, net	183,114		165,941
Commercial
Term, net	2,106,658		1,944,925
Lines of credit & other, net	1,152,853		1,166,275
Leases & equipment finance, net	1,265,843		1,167,503
Residential
Mortgage, net	3,405,775		3,182,888
Home equity loans & lines, net	1,132,329		1,097,877
Consumer & other, net	645,721		732,620
Total loans and leases, net of deferred fees and costs	$	19,639,494	$	19,019,192

The loan balances are net of deferred fees and costs of $74.1 million and $73.3 million as of June 30, 2018 and December 31, 2017, respectively. Net loans also include discounts on acquired loans of $58.0 million and $70.5 million as of June 30, 2018 and December 31, 2017, respectively. As of June 30, 2018, loans totaling $12.5 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 $211.3 million and $252.5 million at June 30, 2018 and December 31, 2017, respectively. The carrying balance of purchased impaired loans was $157.9 million and $189.1 million at June 30, 2018 and December 31, 2017, respectively.

The following table presents the changes in the accretable yield for purchased impaired loans for the three and six months ended June 30, 2018 and 2017:

(in thousands)	Three Months Ended						Six Months Ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Balance, beginning of period	$	66,677		$	86,771		$	74,268		$	95,579
Accretion to interest income	(7,123		)	(9,219		)	(15,901		)	(18,131		)
Disposals	(2,838		)	(4,262		)	(7,854		)	(7,549		)
Reclassifications from non-accretable difference	6,250			9,016			12,453			12,407
Balance, end of period	$	62,966		$	82,306		$	62,966		$	82,306

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 six months ended June 30, 2018 and 2017: 

(in thousands)	Three Months Ended				Six Months Ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Commercial real estate
Non-owner occupied term, net	$	763	$	2,216	$	5,154	$	3,923
Owner occupied term, net	8,542		20,547		14,092		27,222
Commercial
Term, net	9,331		3,887		19,789		6,517
Leases & equipment finance, net	—		14,620		—		27,113
Residential
Mortgage, net	—		28,793		—		28,793
Total	$	18,636	$	70,063	$	39,035	$	93,568