Allowances for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2013

Activity in Allowance for Loan Losses

The following table provides additional information regarding the Company’s allowances for losses on non-covered loans and covered loans, based upon the method of evaluating loan impairment:

(in thousands)	Mortgage		Other		Total
Allowances for Loan Losses at December 31, 2013:
Loans individually evaluated for impairment	$	—	$	—	$	—
Loans collectively evaluated for impairment		127,840		14,106		141,946
Acquired loans with deteriorated credit quality		56,705		7,364		64,069
Total	$	184,545	$	21,470	$	206,015

(in thousands)	Mortgage		Other		Total
Allowances for Loan Losses at December 31, 2012:
Loans individually evaluated for impairment	$	1,486	$	1,199	$	2,685
Loans collectively evaluated for impairment		126,448		11,815		138,263
Acquired loans with deteriorated credit quality		32,593		18,718		51,311
Total	$	160,527	$	31,732	$	192,259

Additional Information Regarding Methods Used to Evaluate Loan Portfolio for Impairment

The following table provides additional information regarding the methods used to evaluate the Company’s loan portfolio for impairment:

(in thousands)	Mortgage		Other		Total
Loans Receivable at December 31, 2013:
Loans individually evaluated for impairment	$	109,389	$	6,996	$	116,385
Loans collectively evaluated for impairment		28,859,599		845,731		29,705,330
Acquired loans with deteriorated credit quality		2,529,200		259,418		2,788,618
Total	$	31,498,188	$	1,112,145	$	32,610,333

(in thousands)	Mortgage		Other		Total
Loans Receivable at December 31, 2012:
Loans individually evaluated for impairment	$	309,694	$	17,702	$	327,396
Loans collectively evaluated for impairment		26,324,088		622,223		26,946,311
Acquired loans with deteriorated credit quality		2,976,067		307,994		3,284,061
Total	$	29,609,849	$	947,919	$	30,557,768

Additional Information Regarding Impaired Non-Covered Loans

The following table presents additional information about the Company’s impaired non-covered loans at December 31, 2013:

(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Multi-family	$	78,771	$	94,265	$	—	$	117,208	$	1,991
Commercial real estate		30,619		32,474		—		43,566		1,604
One-to-four family		—		—		—		3,611		89
Acquisition, development, and construction		—		—		—		275		—
Commercial and industrial		6,995		34,199		—		6,890		366
Total impaired loans with no related allowance	$	116,385	$	160,938	$	—	$	171,550	$	4,050
Impaired loans with an allowance recorded:
Multi-family	$	—	$	—	$	—	$	2,442	$	—
Commercial real estate		—		—		—		900		—
One-to-four family		—		—		—		—		—
Acquisition, development, and construction		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Total impaired loans with an allowance recorded	$	—	$	—	$	—	$	3,342	$	—
Total impaired loans:
Multi-family	$	78,771	$	94,265	$	—	$	119,650	$	1,991
Commercial real estate		30,619		32,474		—		44,466		1,604
One-to-four family		—		—		—		3,611		89
Acquisition, development, and construction		—		—		—		275		—
Commercial and industrial		6,995		34,199		—		6,890		366
Total impaired loans	$	116,385	$	160,938	$	—	$	174,892	$	4,050

The following table presents additional information about the Company’s impaired non-covered loans at December 31, 2012:

(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Multi-family	$	193,500	$	211,329	$	—	$	189,510	$	4,929
Commercial real estate		80,453		81,134		—		72,271		1,705
One-to-four family		1,101		1,147		—		1,114		—
Acquisition, development, and construction		10,203		14,297		—		20,954		790
Commercial and industrial		10,564		14,679		—		10,021		380
Total impaired loans with no related allowance	$	295,821	$	322,586	$	—	$	293,870	$	7,804
Impaired loans with an allowance recorded:
Multi-family	$	20,307	$	21,620	$	1,055	$	27,894	$	802
Commercial real estate		2,914		2,940		402		3,693		98
One-to-four family		—		—		—		—		—
Acquisition, development, and construction		1,216		1,494		29		1,877		—
Commercial and industrial		7,138		10,252		1,199		1,785		1,405
Total impaired loans with an allowance recorded	$	31,575	$	36,306	$	2,685	$	35,249	$	2,305
Total impaired loans:
Multi-family	$	213,807	$	232,949	$	1,055	$	217,404	$	5,731
Commercial real estate		83,367		84,074		402		75,964		1,803
One-to-four family		1,101		1,147		—		1,114		—
Acquisition, development, and construction		11,419		15,791		29		22,831		790
Commercial and industrial		17,702		24,931		1,199		11,806		1,785
Total impaired loans	$	327,396	$	358,892	$	2,685	$	329,119	$	10,109

Non-Covered Loans

Activity in Allowance for Loan Losses

The following table summarizes activity in the allowance for losses on non-covered loans for the twelve months ended December 31, 2013 and 2012:

	December 31,
	2013									2012
(in thousands)	Mortgage			Other			Total			Mortgage			Other			Total
Balance, beginning of period	$	127,934		$	13,014		$	140,948		$	121,995		$	15,295		$	137,290
Charge-offs		(18,265	)		(7,092	)		(25,357	)		(39,533	)		(6,685	)		(46,218	)
Recoveries		6,413			1,942			8,355			2,012			2,864			4,876
Provision for loan losses		11,758			6,242			18,000			43,460			1,540			45,000
Balance, end of period	$	127,840		$	14,106		$	141,946		$	127,934		$	13,014		$	140,948

Covered Loans

Activity in Allowance for Loan Losses

The following table summarizes activity in the allowance for losses on covered loans for the years ended December 31, 2013 and 2012:

	December 31,
(in thousands)	2013		2012
Balance, beginning of period	$	51,311	$	33,323
Provision for losses on covered loans		12,758		17,988
Balance, end of period	$	64,069	$	51,311