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Loans (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule Of Finance Receivables By Product
Loans, excluding those reflected as discontinued operations, consist of the following:

Loans by Product (dollars in millions)
 
December 31, 2017

 
December 31, 2016

Commercial Loans
$
20,892.1

 
$
20,117.8

Direct financing leases and leveraged leases
2,685.8

 
2,852.9

Total commercial
23,577.9

 
22,970.7

Consumer Loans
5,536.0

 
6,565.2

Total loans
29,113.9

 
29,535.9

Loans held for sale
1,095.7

 
635.8

Loans held for investment and held for sale(1)
$
30,209.6

 
$
30,171.7


(1) 
Assets held for sale on the Balance Sheet as of December 31, 2017 and December 31, 2016 includes loans and operating lease equipment primarily related to portfolios in Commercial Banking, Consumer Banking and the China portfolio in NSP. As discussed in subsequent tables, since the Company manages the credit risk and collection of loans held for sale consistently with its loans held for investment, the aggregate amount is presented in this table.
Schedule Of Finance Receivables By Segment, Based On Obligor Location
The following table presents loans by segment, based on obligor location:

Loans (dollars in millions)
 
December 31, 2017
 
December 31, 2016
 
Domestic
 
Foreign
 
Total
 
Domestic
 
Foreign
 
Total
Commercial Banking
$
21,368.7

 
$
1,790.6

 
$
23,159.3

 
$
20,440.7

 
$
2,121.6

 
$
22,562.3

Consumer Banking(1)
5,954.6

 
—

 
5,954.6

 
6,973.6

 
—

 
6,973.6

Total
$
27,323.3

 
$
1,790.6

 
$
29,113.9

 
$
27,414.3

 
$
2,121.6

 
$
29,535.9



(1) The Consumer Banking segment includes certain commercial loans, primarily consisting of a portfolio of Small Business Administration ("SBA") loans. These loans are excluded from the Consumer loan balance and included in the Commercial loan balances in the tables throughout this note.
Components Of Net Investment In Finance Receivables
The following table presents selected components of the net investment in loans:

Components of Net Investment in Loans (dollars in millions)
 
December 31, 2017

 
December 31, 2016

Unearned income
$
(727.8
)
 
$
(727.1
)
Equipment residual values
522.6

 
583.4

Net unamortized premiums / (discounts)
3.7

 
(31.0
)
Accretable yield on PCI loans
1,063.7

 
1,261.4

Net unamortized deferred costs and (fees)(1)
68.7

 
55.8

Leveraged lease third party non-recourse debt payable
(97.3
)
 
(109.7
)
(1) Balance relates to the Commercial Banking segment.
Finance And Held-For-Sale Receivables - By Risk Rating
The following table summarizes commercial loans by the risk ratings that bank regulatory agencies utilize to classify credit exposure and which are consistent with indicators the Company monitors. The consumer loan risk profiles are different from commercial loans, and use loan-to-value ("LTV") ratios in rating the credit quality, and therefore are presented separately below.

Commercial Loans and Held for Sale Loans — Risk Rating by Class / Segment (dollars in millions)
Grade:
Pass
 
Special
Mention
 
Classified-
accruing
 
Classified-
non-accrual
 
PCI Loans
 
Total
December 31, 2017
Commercial Banking
   
 
   
 
   
 
   
 
   
 
   
Commercial Finance
$
8,284.1

 
$
640.9

 
$
981.9

 
$
134.8

 
$
10.6

 
$
10,052.3

Real Estate Finance
5,228.1

 
139.9

 
174.3

 
2.8

 
45.1

 
5,590.2

Business Capital
7,028.6

 
269.2

 
228.8

 
53.2

 
—

 
7,579.8

Rail
100.6

 
2.0

 
1.2

 
—

 
—

 
103.8

Total Commercial Banking
20,641.4

 
1,052.0

 
1,386.2

 
190.8

 
55.7

 
23,326.1

Consumer Banking
 

 
   
 
   
 
   
 
   
 
   
Other Consumer Banking (1)
378.5

 
5.9

 
31.9

 
—

 
2.2

 
418.5

Total Consumer Banking
378.5

 
5.9

 
31.9

 
—

 
2.2

 
418.5

Non-Strategic Portfolios
35.7

 
7.6

 
10.2

 
9.8

 
—

 
63.3

Total
$
21,055.6

 
$
1,065.5

 
$
1,428.3

 
$
200.6

 
$
57.9

 
$
23,807.9

December 31, 2016
Commercial Banking
Commercial Finance
$
8,184.7

 
$
677.6

 
$
1,181.7

 
$
188.8

 
$
42.7

 
$
10,275.5

Real Estate Finance
5,191.4

 
168.7

 
115.6

 
20.4

 
70.5

 
5,566.6

Business Capital
6,238.7

 
422.0

 
271.7

 
41.7

 
—

 
6,974.1

Rail
88.7

 
14.1

 
0.9

 
—

 
—

 
103.7

Total Commercial Banking
19,703.5

 
1,282.4

 
1,569.9

 
250.9

 
113.2

 
22,919.9

Consumer Banking
Other Consumer Banking (2)
374.9

 
8.3

 
22.4

 
—

 
2.8

 
408.4

Total Consumer Banking
374.9

 
8.3

 
22.4

 
—

 
2.8

 
408.4

Non- Strategic Portfolios
143.7

 
36.9

 
19.1

 
10.3

 
—

 
210.0

Total
$
20,222.1

 
$
1,327.6

 
$
1,611.4

 
$
261.2

 
$
116.0

 
$
23,538.3



(1)    At December 31, 2017 Other Consumer Banking loans consisted of SBA loans.
(2)    At December 31, 2016 Other Consumer Banking loans consisted of SBA loans ($370.1 million) and Private Banking
loans ($38.3 million).

Schedule Of Consumer Loan LTV Distributions
Consumer Loan LTV Distributions (dollars in millions)
 
Single Family Residential
 
Reverse Mortgage(2)
 
 
 
Covered Loans
 
Non-covered Loans
 
 

 
 
 
Non-covered loans
 
 
 
 
 
Non-PCI
 
PCI
 
Non-PCI
 
PCI
 
Total
Single
Family
Residential
 
Covered
Loans
Non-PCI
 
Non-PCI
 
PCI
 
Total
Reverse
Mortgages
 
Total
Consumer
Loans
December 31, 2017
Greater than 125%
$
2.7

 
$
160.0

 
$
7.7

 
$
—

 
$
170.4

 
$
—

 
$
—

 
$
—

 
$
—

 
$
170.4

101% — 125%
6.4

 
291.5

 
4.4

 
—

 
302.3

 
—

 
—

 
—

 
—

 
302.3

80% — 100%
77.4

 
566.2

 
137.3

 
—

 
780.9

 
—

 
—

 
—

 
—

 
780.9

Less than 80%
1,306.1

 
878.1

 
2,089.7

 
7.7

 
4,281.6

 
—

 
—

 
—

 
—

 
4,281.6

Not Applicable(1)
—

 
—

 
0.8

 
—

 
0.8

 
—

 
—

 
—

 
—

 
0.8

Total
$
1,392.6

 
$
1,895.8

 
$
2,239.9

 
$
7.7

 
$
5,536.0

 
$
—

 
$
—

 
$
—

 
$
—

 
$
5,536.0

December 31, 2016
Greater than 125%
$
2.2

 
$
261.4

 
$
12.3

 
$
—

 
$
275.9

 
$
0.6

 
$
8.8

 
$
33.8

 
$
43.2

 
$
319.1

101% — 125%
4.7

 
443.7

 
13.6

 
—

 
462.0

 
1.2

 
12.7

 
7.9

 
21.8

 
483.8

80% — 100%
226.6

 
588.1

 
40.5

 
—

 
855.2

 
24.0

 
42.3

 
7.5

 
73.8

 
929.0

Less than 80%
1,515.6

 
872.4

 
1,713.1

 
9.2

 
4,110.3

 
405.4

 
304.9

 
9.8

 
720.1

 
4,830.4

Not Applicable (1)
—

 
—

 
2.9

 
—

 
2.9

 
—

 
—

 
—

 
—

 
2.9

Total
$
1,749.1

 
$
2,165.6

 
$
1,782.4

 
$
9.2

 
$
5,706.3

 
$
431.2

 
$
368.7

 
$
59.0

 
$
858.9

 
$
6,565.2


(1) 
Certain Consumer Loans do not have LTV's, including the Credit Card portfolio. The Credit Card portfolio was not significant at December 31, 2017 and 2016.
(2) 
Reverse mortgage loans transferred to AHFS are excluded from the table above. As of December 31, 2017 these loans had a total carrying value of $861.0 million, of which $411.0 million were covered loans.
Finance And Held For Sale Receivables - Delinquency Status
The table that follows presents portfolio delinquency status, regardless of accrual/non-accrual classification:

Loans and Held for Sale Loans — Delinquency Status (dollars in millions)
 
Past Due
 
 
 
 
 
 
 
 
 
30 — 59 Days Past Due
 
60 — 89 Days Past Due
 
90 Days
or Greater
 
Total
Past Due
 
Current(1)
 
PCI Loans(2)
 
Total
December 31, 2017
Commercial Banking
Commercial Finance
$
4.5

 
$
—

 
$
49.3

 
$
53.8

 
$
9,987.9

 
$
10.6

 
$
10,052.3

Real Estate Finance
8.7

 
—

 
4.1

 
12.8

 
5,532.3

 
45.1

 
5,590.2

Business Capital
172.2

 
33.4

 
19.1

 
224.7

 
7,355.1

 
—

 
7,579.8

Rail
3.9

 
1.4

 
0.8

 
6.1

 
97.7

 
—

 
103.8

Total Commercial Banking
189.3

 
34.8

 
73.3

 
297.4

 
22,973.0

 
55.7

 
23,326.1

Consumer Banking
   
 
   
 
   
 
   
 
   
 
   
 
   
Legacy Consumer Mortgages
26.7

 
7.6

 
34.8

 
69.1

 
1,358.5

 
1,903.5

 
3,331.1

Other Consumer Banking
9.6

 
0.5

 
0.4

 
10.5

 
3,476.4

 
2.2

 
3,489.1

Total Consumer Banking
36.3

 
8.1

 
35.2

 
79.6

 
4,834.9

 
1,905.7

 
6,820.2

Non-Strategic Portfolios
1.8

 
7.7

 
9.4

 
18.9

 
44.4

 
—

 
63.3

Total
$
227.4

 
$
50.6

 
$
117.9

 
$
395.9

 
$
27,852.3

 
$
1,961.4

 
$
30,209.6

December 31, 2016
Commercial Banking
Commercial Finance
$
21.4

 
$
—

 
$
17.6

 
$
39.0

 
$
10,193.8

 
$
42.7

 
$
10,275.5

Real Estate Finance
0.1

 
—

 
—

 
0.1

 
5,496.0

 
70.5

 
5,566.6

Business Capital
143.6

 
42.4

 
16.3

 
202.3

 
6,771.8

 
—

 
6,974.1

Rail
5.9

 
0.6

 
2.3

 
8.8

 
94.9

 
—

 
103.7

Total Commercial Banking
171.0

 
43.0

 
36.2

 
250.2

 
22,556.5

 
113.2

 
22,919.9

Consumer Banking
Legacy Consumer Mortgages
22.6

 
6.1

 
36.6

 
65.3

 
2,563.6

 
2,233.8

 
4,862.7

Other Consumer Banking
7.4

 
4.9

 
0.6

 
12.9

 
2,163.4

 
2.8

 
2,179.1

Total Consumer Banking
30.0

 
11.0

 
37.2

 
78.2

 
4,727.0

 
2,236.6

 
7,041.8

Non-Strategic Portfolios
3.0

 
1.1

 
7.0

 
11.1

 
198.9

 
—

 
210.0

Total
$
204.0

 
$
55.1

 
$
80.4

 
$
339.5

 
$
27,482.4

 
$
2,349.8

 
$
30,171.7


(1) 
Due to their nature, reverse mortgage loans are included in Current, as they do not have contractual payments due at a specified time.

(2) 
PCI loans are written down at acquisition to their fair value using an estimate of cash flows deemed to be collectible. Accordingly, such loans are no longer classified as past due or non-accrual even though they may be contractually past due as we expect to fully collect the new carrying values of these loans.
Finance Receivables On Non-accrual Status
The following table sets forth non-accrual loans, assets received in satisfaction of loans (repossessed assets and OREO) and loans 90 days or more past due and still accruing.

Loans on Non-Accrual Status (dollars in millions)
 
December 31, 2017
 
December 31, 2016
 
Held for
Investment
 
Held for
Sale
 
Total
 
Held for
Investment
 
Held for
Sale
 
Total
Commercial Banking
Commercial Finance
$
134.8

 
$
—

 
$
134.8

 
$
156.7

 
$
32.1

 
$
188.8

Real Estate Finance
2.8

 
—

 
2.8

 
20.4

 
—

 
20.4

Business Capital
53.2

 
—

 
53.2

 
41.7

 
—

 
41.7

Total Commercial Banking
190.8

 
—

 
190.8

 
218.8

 
32.1

 
250.9

Consumer Banking
 

 
   
 
   
 
   
 
   
 
   
Legacy Consumer Mortgages
19.9

 
—

 
19.9

 
17.3

 
—

 
17.3

Other Consumer Banking
0.4

 
—

 
0.4

 
0.1

 
—

 
0.1

Total Consumer Banking
20.3

 
—

 
20.3

 
17.4

 
—

 
17.4

Non-Strategic Portfolios
—

 
9.8

 
9.8

 
—

 
10.3

 
10.3

Total
$
211.1

 
$
9.8

 
$
220.9

 
$
236.2

 
$
42.4

 
$
278.6

Repossessed assets and OREO
 

 
 

 
54.6

 
 

 
 

 
72.7

Total non-performing assets
 

 
 

 
$
275.5

 
 

 
 

 
$
351.3

Commercial loans past due 90 days or more accruing
 

 
 

 
$
11.7

 
 

 
 

 
$
7.2

Consumer loans past due 90 days or more accruing
 

 
 

 
20.2

 
 

 
 

 
24.8

Total Accruing loans past due 90 days or more
 

 
 

 
$
31.9

 
 

 
 

 
$
32.0
Schedule Of Loans In Process Of Foreclosure
The table below summarizes the residential mortgage loans in the process of foreclosure and OREO:
(dollars in millions)
December 31, 2017

 
December 31, 2016

PCI
$
133.7

 
$
201.7

Non-PCI
140.9

 
106.3

Loans in process of foreclosure
$
274.6

 
$
308.0

OREO
$
52.1

 
$
69.9
Impaired Loans
The following table contains information about impaired loans and the related allowance for loan losses by class, exclusive of loans that were identified as impaired at the Acquisition Date for which the Company is applying the income recognition and disclosure guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality), which are disclosed further below in this note. Impaired loans exclude PCI loans.

Impaired Loans (dollars in millions)
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment(3)
December 31, 2017
With no related allowance recorded:
 

 
   
 
   
 
   
Commercial Banking
Commercial Finance
$
51.9

 
$
72.7

 
$
—

 
$
59.9

Business Capital
11.7

 
13.4

 
—

 
5.7

Real Estate Finance
—

 
—

 
—

 
0.4

With an allowance recorded:
Commercial Banking
 

 
   
 
   
 
   
Commercial Finance
95.9

 
96.1

 
21.3

 
136.6

Business Capital
10.5

 
10.5

 
4.3

 
14.2

Real Estate Finance
2.7

 
2.8

 
0.4

 
5.6

Total Impaired Loans(1)
172.7

 
195.5

 
26.0

 
222.4

Total Loans Impaired at Acquisition Date(2)
1,961.4

 
2,870.2

 
19.1

 
2,168.8

Total
$
2,134.1

 
$
3,065.7

 
$
45.1

 
$
2,391.2

December 31, 2016
With no related allowance recorded:
 

 
   
 
   
 
   
Commercial Banking
Commercial Finance
$
54.3

 
$
72.2

 
$
—

 
$
29.5

Business Capital
0.5

 
1.8

 
—

 
5.1

Real Estate Finance
0.7

 
0.7

 
—

 
1.3

With an allowance recorded:
   
 
   
 
   
 
   
Commercial Banking
Commercial Finance
143.0

 
146.2

 
25.5

 
132.1

Business Capital
6.6

 
6.6

 
4.2

 
8.2

Real Estate Finance
16.7

 
16.8

 
4.0

 
5.2

Total Impaired Loans(1)
221.8

 
244.3

 
33.7

 
181.4

Total Loans Impaired at Acquisition Date(2)
2,349.8

 
3,440.7

 
13.6

 
2,504.4

Total
$
2,571.6

 
$
3,685.0

 
$
47.3

 
$
2,685.8


(1) 
Interest income recorded for the years ended December 31, 2017 and December 31, 2016 while the loans were impaired were $2.4 million and $1.6 million, of which $0.0 million and $0.6 million was interest recognized using cash-basis method of accounting for each year, respectively.

(2) 
Details of loans that were identified as impaired at the Acquisition Date are presented under Loans Acquired with Deteriorated Credit Quality.

(3) 
Average recorded investment for the years ended December 31, 2017 and 2016.
Purchased Credit Impaired Loans With Deteriorated Credit Quality
Purchased Credit Impaired Loans (dollars in millions)
 
December 31, 2017
 
December 31, 2016
 
Unpaid
Principal
Balance
 
Carrying
Value
 
Allowance
for Loan
Losses
 
Unpaid
Principal
Balance
 
Carrying
Value
 
Allowance
for Loan
Losses
Commercial Banking
 
 
 
 
 
 
Commercial Finance
$
16.4

 
$
10.6

 
$
0.7

 
$
70.0

 
$
42.7

 
$
2.4

Real Estate Finance
60.1

 
45.1

 
7.0

 
108.1

 
70.5

 
4.9

Consumer Banking
 

 
   
 
   
 
 
 
   
 
   
Other Consumer Banking
3.0

 
2.2

 
—

 
3.7

 
2.8

 
—

Legacy Consumer Mortgages
2,790.7

 
1,903.5

 
11.4

 
3,258.9

 
2,233.8

 
6.3

 
$
2,870.2

 
$
1,961.4

 
$
19.1

 
$
3,440.7

 
$
2,349.8

 
$
13.6
Summary Of Commercial PCI Loans
The following table summarizes commercial PCI loans, which are monitored for credit quality based on internal risk classifications. See previous table Consumer Loan LTV Distributions for credit quality metrics on consumer PCI loans.
 
December 31, 2017
 
December 31, 2016
(dollars in millions)
Non-criticized

 
Criticized

 
Total

 
Non-criticized

 
Criticized

 
Total

Commercial Finance
$
—

 
$
10.6

 
$
10.6

 
$
5.4

 
$
37.3

 
$
42.7

Real Estate Finance
21.8

 
23.3

 
45.1

 
35.6

 
34.9

 
70.5

Total
$
21.8

 
$
33.9

 
$
55.7

 
$
41.0

 
$
72.2

 
$
113.2
Schedule Of Changes To The Accretable Yield For PCI Loans
Changes in the Accretable Yield for PCI Loans (dollars in millions)
 
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
Balance at beginning of the year (1)
 
$
1,261.4

 
$
1,299.1

 
$
1,254.8

Accretion into interest income
 
(204.6
)
 
(208.3
)
 
(76.2
)
Reclassification from non-accretable difference
 
38.5

 
213.7

 
133.2

Disposals and Other
 
(31.6
)
 
(43.1
)
 
(12.7
)
Balance at end of the year
 
$
1,063.7

 
$
1,261.4

 
$
1,299.1

(1) For year ended December 31, 2015, the beginning balance is as of August 3, 2015, the acquisition date of OneWest Bank.