Texas Capital Bancshares (TCBI) 10-Q 24 Apr 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 22, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-34657
Entity Registrant Name	TEXAS CAPITAL BANCSHARES INC/TX
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2679109
Entity Address, Address Line One	2000 McKinney Avenue
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Country	US
Entity Address, Postal Zip Code	75201
City Area Code	214
Local Phone Number	932-6600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		50,426,058
Entity Central Index Key	0001077428
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q1
Amendment Flag	false
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	TCBI
Security Exchange Name	NASDAQ
Series A Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	6.5% Non-Cumulative Perpetual Preferred Stock Series A, par value $0.01 per share
Trading Symbol	TCBIP
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 162,386	$ 161,817
Interest-bearing deposits in other banks	9,468,189	4,233,766
Federal funds sold and securities purchased under resale agreements	30,000	30,000
Investment securities	228,784	239,871
Loans held for sale ($774.1 million at March 31, 2020 and $2,571.3 million at December 31, 2019, at fair value)	774,064	2,577,134
Loans held for investment, mortgage finance	7,588,803	8,169,849
Loans held for investment (net of unearned income)	16,857,579	16,476,413
Less: Allowance for credit losses on loans	(240,958)	(195,047)
Loans held for investment, net	24,205,424	24,451,215
Mortgage servicing rights, net	70,619	64,904
Premises and equipment, net	29,663	31,212
Accrued interest receivable and other assets	892,305	740,051
Goodwill and intangible assets, net	17,982	18,099
Total assets	35,879,416	32,548,069
Deposits:
Non-interest-bearing	9,420,303	9,438,459
Interest-bearing	17,713,960	17,040,134
Total deposits	27,134,263	26,478,593
Accrued interest payable	16,969	12,760
Other liabilities	333,759	287,157
Federal funds purchased and repurchase agreements	295,267	141,766
Other borrowings	4,900,000	2,400,000
Subordinated notes, net	282,219	282,129
Trust preferred subordinated debentures	113,406	113,406
Total liabilities	33,075,883	29,715,811
Comprehensive income:
Preferred stock, $.01 par value, $1,000 liquidation value: Authorized shares - 10,000,000; Issued shares - 6,000,000 shares issued at December 31, 2018 and 2017	150,000	150,000
Common stock, $.01 par value: Authorized shares - 100,000,000; Issued shares - 45,735,424 and 41,036,787 at December 31, 2018 and 2017, respectively	504	503
Additional paid-in capital	979,939	978,205
Retained earnings	1,668,329	1,694,608
Treasury stock (shares at cost: 417 at March 31, 2020 and December 31, 2019)	(8)	(8)
Accumulated other comprehensive income, net of taxes	4,769	8,950
Total stockholders’ equity	2,803,533	2,832,258
Total liabilities and stockholders’ equity	$ 35,879,416	$ 32,548,069

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Loans held for sale ($774.1 million at March 31, 2020 and $2,571.3 million at December 31, 2019, at fair value)	$ 774,100,000	$ 2,571,300,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, Liquidation value	$ 1,000	$ 1,000
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	6,000,000	6,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	50,408,195	50,338,158
Treasury stock, shares	417	417

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income
Interest and fees on loans	$ 283,625	$ 312,703
Investment securities	2,183	1,460
Federal funds sold and securities purchased under resale agreements	614	379
Interest-bearing deposits in other banks	19,586	11,019
Total interest income	306,008	325,561
Interest expense
Deposits	62,174	69,054
Federal funds purchased	669	3,516
Other borrowings	9,582	11,854
Subordinated notes	4,191	4,191
Trust preferred subordinated debentures	1,073	1,332
Total interest expense	77,689	89,947
Net interest income	228,319	235,614
Provision for credit losses	96,000	20,000
Net interest income after provision for credit losses	132,319	215,614
Non-interest income
Service charges on deposit accounts	3,293	2,979
Wealth management and trust fee income	2,467	2,009
Brokered loan fees	8,015	5,066
Servicing income	4,746	2,734
Swap fees	2,757	1,031
Net gain/(loss) on sale of loans held for sale	(13,000)	(505)
Other	3,502	16,700
Total non-interest income	11,780	30,014
Non-interest expense
Salaries and employee benefits	76,667	77,823
Net occupancy expense	8,712	7,879
Marketing	8,460	11,708
Legal and professional	17,466	10,030
Communications and technology	13,608	9,198
FDIC insurance assessment	5,849	5,122
Servicing-related expenses	16,354	5,382
Merger-related expenses	7,270	0
Other	11,031	13,236
Total non-interest expense	165,417	140,378
Income/(loss) before income taxes	(21,318)	105,250
Income tax expense/(benefit)	(4,631)	22,411
Net income/(loss)	(16,687)	82,839
Preferred stock dividends	2,438	2,438
Net income/(loss) available to common stockholders	(19,125)	80,401
Other comprehensive income/(loss)
Change in unrealized gain/(loss) on available-for-sale debt securities arising during period, before tax	(5,292)	(53)
Income tax expense/(benefit) related to unrealized loss on available-for-sale debt securities	(1,111)	(10)
Other comprehensive income/(loss), net of tax	(4,181)	(43)
Comprehensive income/(loss)	$ (20,868)	$ 82,796
Basic earnings/(loss) per common share
Basic earnings/(loss) per common share	$ (0.38)	$ 1.60
Diluted earnings/(loss) per common share
Diluted earnings/(loss) per common share	$ (0.38)	$ 1.60

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income
Beginning balance - Shares at Dec. 31, 2018		6,000,000	50,201,127			417
Beginning balance - Amount at Dec. 31, 2018	$ 2,500,394	$ 150,000	$ 502	$ 967,890	$ 1,381,492	$ (8)	$ 518
Comprehensive income:
Net income	82,839				82,839
Change in unrealized gain (loss) on available-for-sale securities, net of taxes	(43)						(43)
Comprehensive income/(loss)	82,796
Stock-based compensation expense recognized in earnings	2,423			2,423
Preferred stock dividend	(2,438)				(2,438)
Issuance of stock related to stock-based awards - Shares			54,133
Issuance of stock related to stock-based awards - Amount	(1,233)		$ 1	(1,234)
Issuance of common stock related to warrants - shares			8,768
Issuance of common stock related to warrants	0
Ending balance - Amount at Mar. 31, 2019	2,581,942	$ 150,000	$ 503	969,079	1,461,893	$ (8)	475
Ending balance - Shares at Mar. 31, 2019		6,000,000	50,264,028			417
Beginning balance - Shares at Dec. 31, 2019		6,000,000	50,338,158			417
Beginning balance - Amount at Dec. 31, 2019	2,832,258	$ 150,000	$ 503	978,205	1,694,608	$ (8)	8,950
Comprehensive income:
Net income	(16,687)				(16,687)
Change in unrealized gain (loss) on available-for-sale securities, net of taxes	(4,181)						(4,181)
Comprehensive income/(loss)	(20,868)
Stock-based compensation expense recognized in earnings	3,227			3,227
Preferred stock dividend	(2,438)				(2,438)
Issuance of stock related to stock-based awards - Shares			70,037
Issuance of stock related to stock-based awards - Amount	(1,492)		$ 1	(1,493)
Ending balance - Amount at Mar. 31, 2020	$ 2,803,533	$ 150,000	$ 504	$ 979,939	$ 1,668,329	$ (8)	$ 4,769
Ending balance - Shares at Mar. 31, 2020		6,000,000	50,408,195			417

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Income tax expense (benefit) related to unrealized loss on available-for-sale securities	$ (1,111)	$ (10)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net income/(loss)	$ (16,687)	$ 82,839
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Provision for credit losses	96,000	20,000
Depreciation and amortization	13,122	7,792
Net (gain)/loss on sale of loans held for sale	13,000	505
Increase/(decrease) in valuation allowance on mortgage servicing rights	10,015	2,931
Stock-based compensation expense	3,369	4,488
Purchases and originations of loans held for sale	(2,356,710)	(1,550,059)
Proceeds from sales and repayments of loans held for sale	4,126,102	1,602,923
Changes in operating assets and liabilities:
Accrued interest receivable and other assets	(141,940)	(58,278)
Accrued interest payable and other liabilities	39,473	51,023
Net cash provided by operating activities	1,785,744	164,164
Investing activities
Purchases of investment securities	(1,951)	(109,928)
Principal payments received on investment securities	4,788	307
Originations of mortgage finance loans	(37,932,501)	(24,328,971)
Proceeds from pay-offs of mortgage finance loans	38,513,547	23,906,785
Net increase in loans held for investment, excluding mortgage finance loans	(438,869)	(375,628)
Purchase of premises and equipment, net	(1,007)	(2,642)
Proceeds from sale of other real estate owned, net	0	79
Net cash provided by/(used in) investing activities	144,007	(909,998)
Financing activities
Net increase in deposits	655,670	44,014
Costs from issuance of stock related to stock-based awards and warrants	(1,492)	(1,233)
Preferred dividends paid	(2,438)	(2,438)
Net increase/(decrease) in other borrowings	2,500,000
Net increase/(decrease) in other borrowings		(300,000)
Net increase/(decrease) in federal funds purchased and repurchase agreements	153,501	256,718
Net cash provided by/(used in) financing activities	3,305,241	(2,939)
Net increase/(decrease) in cash and cash equivalents	5,234,992	(748,773)
Cash and cash equivalents at beginning of period	4,425,583	3,080,065
Cash and cash equivalents at end of period	9,660,575	2,331,292
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	73,480	86,134
Cash paid during the period for income taxes	$ 519	$ 6

Operations and Summary of Signi

Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations and Summary of Significant Accounting Policies	Operations and Summary of Significant Accounting Policies Organization and Nature of Business Texas Capital Bancshares, Inc. (the "Company” or "TCBI"), a Delaware corporation, was incorporated in November 1996 and commenced banking operations in December 1998. The consolidated financial statements of the Company include the accounts of Texas Capital Bancshares, Inc. and its wholly owned subsidiary, Texas Capital Bank, National Association (the "Bank”). We serve the needs of commercial businesses and successful professionals and entrepreneurs located in Texas as well as operate several lines of business serving a regional or national clientele of commercial borrowers. We are primarily a secured lender, with the majority of our loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses headquartered or with operations in Texas. Our national lines of business provide specialized lending products to businesses throughout the United States. On December 9, 2019, the Company entered into a merger agreement with Independent Bank Group, Inc. ("IBTX"), the holding company for Independent Bank, under which TCBI and IBTX will combine in an all-stock merger of equals. Under the terms of the merger agreement, each share of TCBI common stock outstanding immediately prior to the effective time, other than certain shares held by TCBI or IBTX, will be converted into the right to receive the merger consideration of 1.0311 shares of IBTX common stock. At the effective time, each outstanding share of TCBI preferred stock will be automatically converted into the right to receive one share of IBTX preferred stock having substantially the same terms as such share of TCBI preferred stock. The name of the surviving entity will be Independent Bank Group, Inc. and the name of the surviving bank will be Texas Capital Bank. The surviving bank will be operated under the name Independent Financial in Colorado and under the name Texas Capital Bank in Texas. The merger agreement was unanimously approved by the board of directors of TCBI and the board of directors of IBTX. The merger is expected to close in mid-2020, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval of the merger agreement by the stockholders of TCBI and the shareholders of IBTX, respectively. For more information on the merger agreement and the merger, see Part I, Item 1, Business-Merger with Independent Bank Group, Inc. in our Annual Report on Form 10-K filed with the SEC on February 12, 2020 (the "2019 Form 10-K"). Basis of Presentation Our accounting and reporting policies conform to accounting principles generally accepted in the United States ("GAAP") and to generally accepted practices within the banking industry. Certain prior period balances have been reclassified to conform to the current period presentation. The consolidated interim financial statements are unaudited and certain information and footnote disclosures presented in accordance with GAAP have been condensed or omitted. In the opinion of management, the interim financial statements include all normal and recurring adjustments and the disclosures made are adequate to make the interim financial information not misleading. The consolidated financial statements have been prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with our consolidated financial statements, and notes thereto, for the year ended December 31, 2019 , included in our 2019 Form 10-K. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. Accounting Changes On January 1, 2020, we adopted ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"), which replaces the incurred loss methodology for determining our provision for credit losses and allowance for credit losses with an expected loss methodology that is referred to as the Current Expected Credit Loss ("CECL") model. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with ASU 2016-02 "Leases (Topic 842)" ("ASU 2016-02"). In addition, ASU 2016-13 made changes to the accounting for available-for-sale debt securities. One such change is to require credit-related impairments to be recognized as an allowance for credit losses rather than as a write-down of the securities amortized cost basis when management does not intend to sell or believes that it is not more likely than not that they will be required to sell the securities prior to recovery of the securities amortized cost basis. We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost, off-balance sheet credit exposures and net investments in leases. Results for reporting periods beginning after January 1, 2020 are presented under ASU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. We adopted ASU 2016-13 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date of ASU 2016-13. The following table illustrates the impact of adopting ASU 2016-13 and details how outstanding loan balances have been reclassified as a result of changes made to our primary portfolio segments under CECL: (in thousands) January 1, 2020 As Reported Under ASU 2016-13 Pre-ASU 2016-13 Impact of ASU 2016-13 Adoption Assets: Loans held for investment (outstanding balance) Commercial $ 9,133,444 $ 10,230,828 $ (1,097,384 ) Energy 1,425,309 1,425,309 Mortgage finance 8,169,849 8,169,849 — Construction 2,563,339 (2,563,339 ) Real estate 6,008,040 3,444,701 2,563,339 Consumer 71,463 (71,463 ) Equipment leases 256,462 (256,462 ) Allowance for credit losses on loans (203,632 ) (195,047 ) (8,585 ) Total loans held for investment, net 24,442,630 24,451,215 (8,585 ) Net deferred tax asset 23,058 21,064 1,994 Liabilities: Allowance for credit losses on off-balance sheet exposures 9,203 8,640 563 Equity: Retained earnings 1,687,454 1,694,608 (7,154 ) In connection with our adoption of ASU 2016-13, changes were made to our primary portfolio segments to align with the methodology applied in determining the allowance under CECL. These changes included segregating energy loans into a stand-alone portfolio segment and reclassifying consumer and equipment leases into the commercial portfolio segment. Additionally, construction and real estate loans were combined into a single portfolio segment, referred to as real estate. The real estate portfolio segment includes loans further categorized as commercial real estate, residential homebuilder finance, secured by 1-4 family and an "other" category. See Allowance for Credit Losses - Loans below for further discussion of these portfolio segments. Loans Loans Held for Investment Loans held for investment (including financing leases) are stated at the amount of unpaid principal reduced by deferred income (net of costs). Interest on loans is recognized using the simple-interest method on the daily balances of the principal amounts outstanding. Loan origination fees, net of direct loan origination costs, and commitment fees are deferred and amortized as an adjustment to yield over the life of the loan, or over the commitment period, as applicable. Restructured loans are loans on which, due to the borrower’s financial difficulties, we have granted a concession that we would not otherwise consider for borrowers of similar credit quality. This may include a transfer of real estate or other assets from the borrower, a modification of loan terms, or a combination of the two. Modifications of terms that could potentially qualify as a restructuring include reduction of contractual interest rate, extension of the maturity date at a contractual interest rate lower than the current rate for new debt with similar risk, a reduction of the face amount of debt or forgiveness of either principal or accrued interest. A loan continues to qualify as restructured until a consistent payment history or change in the borrower’s financial condition has been evidenced, generally for no less than twelve months. If the restructuring agreement specifies an interest rate at the time of the restructuring that is greater than or equal to the rate that we are willing to accept for a new extension of credit with comparable risk, then the loan is no longer considered a restructuring if it is in compliance with the modified terms in calendar years after the year of the restructure. A loan is considered past due when a contractually due payment has not been received by the contractual due date. We place a loan on non-accrual when there is a clear indication that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally when a loan is 90 days past due. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is reversed as a reduction of current period interest income. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. A loan is placed back on accrual status when both principal and interest are current and it is probable that we will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. Loans held for investment includes legal ownership interests in mortgage loans that we purchase through our mortgage warehouse lending division. The ownership interests are purchased from unaffiliated mortgage originators who are seeking additional funding through sale of the undivided ownership interests to facilitate their ability to originate loans. The mortgage originator has no obligation to offer and we have no obligation to purchase these interests. The originator closes mortgage loans consistent with underwriting standards established by approved investors, and, at the time of the sale to the investor, our ownership interest and that of the originator are delivered by us to the investor selected by the originator and approved by us. We typically purchase up to a 99% ownership interest in each mortgage with the originator owning the remaining percentage. These mortgage ownership interests are generally held by us for a period of less than 30 days and more typically 10-20 days. Because of conditions in agreements with originators designed to reduce transaction risks, under ASC 860, Transfers and Servicing of Financial Assets (“ASC 860”), the ownership interests do not qualify as participating interests. Under ASC 860, the ownership interests are deemed to be loans to the originators and payments we receive from investors are deemed to be payments made by or on behalf of the originator to repay the loan deemed made to the originator. Because we have an actual, legal ownership interest in the underlying residential mortgage loan, these interests are reported as extensions of credit to the originators that are secured by the mortgage loans as collateral. Due to market conditions or events of default by the investor or the originator, we could be required to purchase the remaining interests in the mortgage loans and hold them beyond the expected 10-20 days. Mortgage loans acquired under these conditions would require mark-to-market adjustments to income and could require future allocations of the allowance for credit losses or be subject to charge-off in the event the loans become impaired. Allowance for Credit Losses The allowance for credit losses is an estimate of the expected credit losses in the loans held for investment and available-for-sale debt securities portfolios. Loans ASU 2016-13 replaces the current incurred loss impairment model that recognizes losses when it becomes probable that a credit loss will be incurred,with a requirement to recognize lifetime expected credit losses immediately when a financial asset is originated or purchased. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the allowance when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, credit quality, or term as well as for changes in environmental conditions, such as changes in unemployment rates, gross domestic product, property values or other relevant factors. The allowance for credit losses is comprised of reserves measured on a collective (pool) basis based on a lifetime loss-rate model when similar risk characteristics exist. Reserves on loans that do not share risk characteristics are evaluated on an individual basis. In order to determine the allowance for credit losses, all loans are assigned a credit grade. Loans graded substandard or worse and greater than $500,000 are specifically reviewed for loss potential and when deemed appropriate are assigned a reserve based on an individual evaluation. For purposes of determining the pool-basis reserve, the remainder of the portfolio, representing all loans not assigned an individual reserve, is segregated first by portfolio segment, then by product type, to recognize differing risk profiles within portfolio segments, and finally by credit grade. Each credit grade within each product type is assigned a historical loss rate. These historical loss rates are then modified to incorporate our reasonable and supportable forecast of future losses at the portfolio segment level, as well as any necessary qualitative adjustments using a Portfolio Level Qualitative Factor ("PLQF") and/or a Portfolio Segment Level Qualitative Factor ("SLQF"). These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. A similar process is employed to calculate a reserve assigned to off-balance sheet commitments, specifically unfunded loan commitments and letters of credit, and any needed reserve is recorded in other liabilities. For periods beyond which we are able to develop reasonable and supportable forecasts, we revert to the historical loss rate. The PLQF and SLQF are utilized to address factors that are not present in historical loss rates and otherwise unaccounted for in the quantitative process. The PLQF is used to apply a qualitative adjustment across the entire portfolio of loans, while the SLQF is designed to apply a qualitative adjustment across a single portfolio segment. Even though portions of the allowance may be allocated to specific loans, the entire allowance is available for any credit that, in management’s judgment, should be charged off. Portfolio segments are used to pool loans with similar risk characteristics and align with our methodology for measuring expected credit losses. A summary of our primary portfolio segments is as follows: Commercial . Our commercial loan portfolio is comprised of lines of credit for working capital, term loans and leases to finance equipment and other business assets across a variety of industries. These loans are used for general corporate purposes including financing working capital, internal growth, acquisitions and business insurance premiums and are generally secured by accounts receivable, inventory, equipment and other assets of our clients’ businesses. Our commercial loan portfolio also includes consumer loans because our small portfolio of consumer loans is largely comprised of accommodation loans to individuals associated with our commercial clients. Energy . Our energy loan portfolio is primarily comprised of loans to exploration and production (“E&P”) companies that are generally collateralized with proven reserves based on appropriate valuation standards that take into account the risk of oil and gas price volatility. The majority of this portfolio is first lien, senior secured, reserve-based lending, which we believe is the lowest-risk form of energy lending. Energy loans are impacted by commodity price volatility, as well as changes in consumer and business demand. Mortgage finance . Mortgage finance loans relate to our mortgage warehouse lending operations in which we purchase mortgage loan ownership interests from unaffiliated mortgage originators that are generally held by us for a period of less than 30 days and more typically 10-20 days before they are sold to an approved investor. Volumes fluctuate based on the level of market demand for the product and the number of days between purchase and sale of the loans, which can be affected by changes in overall market interest rates and housing demand and tend to peak at the end of each month. Mortgage finance loans are consistently underwritten based on standards established by the approved investors. Market conditions or events of default by an investor or originator could require that we repurchase the remaining interests in the mortgage loans and hold them beyond the expected 10-20 days. Real estate . Our real estate portfolio is comprised of the following types of loans: Commercial real estate ("CRE") . Our CRE portfolio is comprised of both construction/development financing and limited term financing provided to professional real estate developers and owners/managers of commercial real estate projects and properties who have a demonstrated record of past success with similar properties. Collateral properties include office buildings, warehouse/distribution buildings, shopping centers, apartment buildings, residential and commercial tract development. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. CRE loans are impacted by fluctuations in collateral values, as well as the ability of the borrower to obtain permanent financing. Residential homebuilder finance ("RBF") . The RBF portfolio is comprised of loans made to residential builders and developers. Loans to residential builders are typically in the form of uncommitted guidance lines and are for the purpose of developing lots into single-family homes, while loans to developers are typically in the form of borrowing base lines extended for the purpose of acquiring and developing raw land into lots that can be further sold to home builders. RBF loans, if not structured and monitored correctly, can be impacted by volatility in consumer demand, as well as fluctuation in housing prices. Secured by 1-4 family . This category of loans includes both first and second lien loans made for the purpose of purchasing or constructing a 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of residential dwellings. Other . The "other" category is primarily comprised of real estate loans originated through a Small Business Administration (SBA) program where repayment is partially guaranteed by the SBA, as well as other loans secured by real estate where the primary source of repayment is not expected to come from the sale or lease of the real property collateral. We have several pass credit grades that are assigned to loans based on varying levels of risk, ranging from credits that are secured by cash or marketable securities, to watch credits which have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring. Within our criticized/classified credit grades are special mention, substandard and doubtful. Special mention loans are those that are currently protected by the sound worth and paying capacity of the borrower, but that are potentially weak and constitute an additional credit risk. These loans have the potential to deteriorate to a substandard grade due to the existence of financial or administrative deficiencies. Substandard loans have a well-defined weakness or weaknesses that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Some substandard loans are inadequately protected by the sound worth and paying capacity of the borrower and of the collateral pledged and may be considered impaired. Substandard loans can be accruing or can be on non-accrual depending on the circumstances of the individual loans. Loans classified as doubtful have all the weaknesses inherent in substandard loans with the added characteristics that the weaknesses make collection in full highly questionable and improbable. The possibility of loss is extremely high. All doubtful loans are on non-accrual. The methodology used in the estimation of the allowance, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Changes are reflected in the pool-basis allowance and in reserves assigned on an individual basis as the collectability of classified loans is evaluated with new information. As our portfolio has matured, historical loss ratios have been closely monitored. The review of the appropriateness of the allowance is performed by executive management and presented to the audit and risk committees of our board of directors for their review. The committees report to the board as part of the board's review on a quarterly basis of our consolidated financial statements. When management determines that foreclosure is probable, and for certain collateral-dependent loans where foreclosure is not considered probable, expected credit losses are based on the fair value of the collateral adjusted for selling costs, when appropriate. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: management has a reasonable expectation that a loan will be restructured, or the extension or renewal options are included in the borrower contract and are not unconditionally cancellable by us. We do not measure an allowance for credit losses on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when loans are placed on non-accrual status as discussed above. Investment Securities Available-for-Sale For available-for-sale debt securities in an unrealized loss position, we first assess whether we intend to sell or it is more-likely-than-not that we will be required to sell the securities before recovery of the amortized cost basis. If either of these criteria is met, the securities amortized cost basis is written down to fair value as a current period expense. If either of the above criteria is not met, we evaluate whether the decline in fair value is the result of credit losses or other factors. In making this assessment, we may consider various factors including the extent to which fair value is less than amortized cost, performance of any underlying collateral and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess of the amortized cost basis over the present value of expected cash flows is recorded as an allowance for credit loss, limited to the amount by which the fair value is less than the amortized cost basis. Any impairment not recorded through an allowance for credit loss is recognized in other comprehensive income as a non credit-related impairment. We have made a policy election to exclude accrued interest from the amortized cost basis of available-for-sale debt securities and report accrued interest separately in accrued interest and other assets in the consolidated balance sheets. Available-for-sale debt securities are placed on non-accrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status. Accordingly, we do not recognize an allowance for credit loss against accrued interest receivable. All debt securities are available-for-sale as of March 31, 2020 and December 31, 2019. Included in debt securities available-for-sale are Credit Risk Transfer ("CRT") securities. CRT securities represent unsecured obligations issued by government sponsored entities ("GSEs") such as Freddie Mac and are designed to transfer mortgage credit risk from the GSE to private investors. CRT securities are structured to be subject to the performance of a reference pool of mortgage loans in which we share in 50% of the first losses with the GSE. If the reference pool incurs losses, the amount we will recover on the notes is reduced by our share of the amount of such losses, which could potentially be up to 100% of the amount outstanding. Unrealized losses recognized in accumulated other comprehensive income ("AOCI") for the CRT securities are primarily related to the difference between the current market rate for similar securities and the stated interest rate and are not considered to be related to credit loss events. The CRT securities are generally interest-only for an initial period of time and are restricted from being transferred until a future date. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for credit losses, the fair value of financial instruments and the status of contingencies are particularly susceptible to significant change.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents the computation of basic and diluted earnings per share: Three months ended March 31, (in thousands except share and per share data) 2020 2019 Numerator: Net income/(loss) $ (16,687 ) $ 82,839 Preferred stock dividends 2,438 2,438 Net income/(loss) available to common stockholders $ (19,125 ) $ 80,401 Denominator: Denominator for basic earnings per share—weighted average shares 50,373,580 50,229,797 Effect of employee stock-based awards(1) 101,222 115,602 Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions 50,474,802 50,345,399 Basic earnings/(loss) per common share $ (0.38 ) $ 1.60 Diluted earnings/(loss) per common share $ (0.38 ) $ 1.60 (1) SARs and RSUs outstanding of 428,007 at March 31, 2020 and 411,065 at March 31, 2019 have not been included in diluted earnings/(loss) per share because to do so would have been antidilutive for the periods presented.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2020
Debt Securities, Available-for-sale [Abstract]
Investment Securities	Investment Securities Available-for-Sale Debt Securities The following is a summary of available-for-sale debt securities at March 31, 2020: (in thousands) Amortized Cost(1) Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2020 Available-for-sale debt securities: Residential mortgage-backed securities $ 4,556 $ 132 $ — $ 4,688 Tax-exempt asset-backed securities 178,872 12,602 — 191,474 Credit risk transfer securities 14,713 — (6,698 ) 8,015 Total $ 198,141 $ 12,734 $ (6,698 ) $ 204,177 December 31, 2019 Available-for-sale debt securities: Residential mortgage-backed securities $ 4,991 $ 275 $ — $ 5,266 Tax-exempt asset-backed securities 183,225 13,802 — 197,027 Credit risk transfer securities 14,713 — (2,749 ) 11,964 Total $ 202,929 $ 14,077 $ (2,749 ) $ 214,257 (1) Excludes accrued interest receivable of $1.7 million and $1.6 million at March 31, 2020 and December 31, 2019, respectively, that is recorded in accrued interest receivable and other assets. The amortized cost and estimated fair value, excluding accrued interest receivable, of available-for-sale debt securities are presented below by contractual maturity: (in thousands, except percentage data) Less Than One Year After One Through Five Years After Five Through Ten Years After Ten Years Total March 31, 2020 Available-for-sale: Residential mortgage-backed securities:(1) Amortized cost $ — $ 888 $ — $ 3,668 $ 4,556 Estimated fair value — 968 — 3,720 4,688 Weighted average yield(3) — % 5.54 % — % 4.22 % 4.48 % Tax-exempt asset-backed securities:(1) Amortized Cost — — — 178,872 178,872 Estimated fair value — — — 191,474 191,474 Weighted average yield(2)(3) — % — % — % 4.20 % 4.20 % CRT securities:(1) Amortized Cost — — — 14,713 14,713 Estimated fair value — — — 8,015 8,015 Weighted average yield(3) — % — % — % 1.63 % 1.63 % Total available-for-sale debt securities: Amortized cost $ 198,141 Estimated fair value $ 204,177 December 31, 2019 Available-for-sale: Residential mortgage-backed securities:(1) Amortized cost $ — $ 1,005 $ — $ 3,986 $ 4,991 Estimated fair value — 1,088 — 4,178 5,266 Weighted average yield(3) — % 5.54 % — % 4.31 % 4.55 % Tax-exempt asset-backed securities:(1) Amortized Cost — — — 183,225 183,225 Estimated fair value — — — 197,027 197,027 Weighted average yield(2)(3) — % — % — % 4.20 % 4.20 % CRT securities:(1) Amortized Cost — — — 14,713 14,713 Estimated fair value — — — 11,964 11,964 Weighted average yield(3) — % — % — % 1.71 % 1.71 % Total available-for-sale debt securities: Amortized cost $ 202,929 Estimated fair value $ 214,257 (1) Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without prepayment penalties. (2) Yields have been adjusted to a tax equivalent basis assuming a 21% federal tax rate. (3) Yields are calculated based on amortized cost. The following table discloses our available-for-sale debt securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months: Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss March 31, 2020 CRT securities $ — $ — $ 8,015 $ (6,698 ) $ 8,015 $ (6,698 ) December 31, 2019 CRT securities $ 11,964 $ (2,749 ) $ — $ — $ 11,964 $ (2,749 ) We conduct periodic reviews of securities with unrealized losses to evaluate whether the decline in fair value has resulted from credit losses or other factors. Based on the results of our periodic review, at March 31, 2020 management believes that unrealized losses on the CRT securities have resulted from factors not deemed credit-related and no allowance for credit loss was recorded. We have evaluated the near-term prospects of the CRT securities in relation to the severity of the non credit-related unrealized losses and adverse conditions related to the securities among other factors. Based on that evaluation management has determined that we have the ability and intent to hold the CRT securities until recovery of fair value and have recorded the non credit-related unrealized losses in AOCI. Available-for-sale debt securities with carrying values of approximately $3.1 million and $1.5 million were pledged to secure certain customer repurchase agreements and deposits, respectively, at March 31, 2020 . The comparative amounts at December 31, 2019 were $3.5 million and $1.2 million , respectively. Equity Securities Equity securities consist of Community Reinvestment Act funds and investments related to our non-qualified deferred compensation plan. At March 31, 2020 and December 31, 2019 , we had $24.6 million and $25.6 million , respectively, in equity securities recorded at fair value. The following is a summary of unrealized and realized gains/(losses) recognized on equity securities and included in other non-interest income in the consolidated statements of income: Three months ended March 31, (in thousands) 2020 2019 Net gains/(losses) recognized during the period $ (2,977 ) $ 1,266 Less: Realized net gains/(losses) recognized during the period on equity securities sold (19 ) (30 ) Unrealized net gains/(losses) recognized during the period on equity securities still held $ (2,958 ) $ 1,296

Loans Held for Investment and A

Loans Held for Investment and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Loans Held for Investment and Allowance for Loan Losses	Loans Held for Investment and Allowance for Credit Losses on Loans Loans held for investment are summarized by portfolio segment as follows: (in thousands) March 31, 2020 December 31, 2019 Commercial $ 9,402,250 $ 9,133,444 Energy 1,331,489 1,425,309 Mortgage finance(1) 7,588,803 8,169,849 Real estate 6,196,653 6,008,040 Gross loans held for investment(2) 24,519,195 24,736,642 Deferred income (net of direct origination costs) (72,813 ) (90,380 ) Allowance for credit losses on loans (240,958 ) (195,047 ) Total loans held for investment, net(2) $ 24,205,424 $ 24,451,215 (1) Balances at March 31, 2020 and December 31, 2019 are stated net of $895.9 million and $682.7 million of participations sold, respectively. (2) Excludes accrued interest receivable of $61.7 million and $63.4 million at March 31, 2020 and December 31, 2019 , respectively, that is recorded in accrued interest receivable and other assets. The following table summarizes our gross loans held for investment by year of origination and internally assigned credit grades: (in thousands) 2020 2019 2018 2017 2016 2015 and prior Revolving lines of credit Revolving lines of credit converted to term loans Total March 31, 2020 Commercial (1-7) Pass 164,393 3,097,118 828,225 488,711 357,598 350,754 3,768,821 37,506 9,093,126 (8) Special mention — 12,122 21,109 1,629 13,372 13,351 57,836 3,636 123,055 (9) Substandard - accruing 688 26,003 8,057 14,473 11,860 10,602 50,790 1,643 124,116 (9+) Non-accrual — 6,586 876 10,368 1,395 24,752 16,906 1,070 61,953 Total commercial 165,081 3,141,829 858,267 515,181 384,225 399,459 3,894,353 43,855 9,402,250 Energy (1-7) Pass — 20,525 15,183 25,163 — 59,578 961,833 714 1,082,996 (8) Special mention — — 10,000 — — — 50,024 — 60,024 (9) Substandard - accruing — 2,556 — 6,105 — 14,386 13,564 — 36,611 (9+) Non-accrual — 40,881 56,700 3,139 11,822 10,689 26,778 1,849 151,858 Total energy — 63,962 81,883 34,407 11,822 84,653 1,052,199 2,563 1,331,489 Mortgage finance (1-7) Pass 282,291 623,955 673,328 492,038 67,179 5,450,012 — — 7,588,803 (8) Special mention — — — — — — — — — (9) Substandard - accruing — — — — — — — — — (9+) Non-accrual — — — — — — — — — Total mortgage finance 282,291 623,955 673,328 492,038 67,179 5,450,012 — — 7,588,803 Real estate CRE (1-7) Pass 133,556 733,076 951,198 811,991 284,324 640,181 87,979 44,327 3,686,632 (8) Special mention — — 16,484 20,918 9,558 12,908 — 1,883 61,751 (9) Substandard - accruing — — — — — 21,305 — 1,250 22,555 (9+) Non-accrual — — — — — 244 — — 244 RBF (1-7) Pass 36,669 218,642 143,204 39,091 15,521 13,968 633,422 — 1,100,517 (8) Special mention — 689 287 — — — — — 976 (9) Substandard - accruing — — — — — — — — — (9+) Non-accrual — — — — — — — — — Other (1-7) Pass 84,156 167,071 138,751 170,548 107,942 184,010 23,390 39,043 914,911 (8) Special mention — — 5,969 312 2,911 8,178 — 6,323 23,693 (9) Substandard - accruing — — 531 701 — 2,348 — — 3,580 (9+) Non-accrual — 594 — — — 3,095 — — 3,689 Secured by 1-4 family (1-7) Pass 15,641 68,913 79,808 72,265 93,948 40,231 5,460 — 376,266 (8) Special mention — — — — — 309 — — 309 (9) Substandard - accruing — — — — — 109 — — 109 (9+) Non-accrual — — — — — 1,421 — — 1,421 Total real estate 270,022 1,188,985 1,336,232 1,115,826 514,204 928,307 750,251 92,826 6,196,653 Total loans held for investment 717,394 5,018,731 2,949,710 2,157,452 977,430 6,862,431 5,696,803 139,244 24,519,195 The following table details activity in the allowance for credit losses on loans. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. (in thousands) Commercial Energy Mortgage Finance Real Estate Additional Qualitative Reserve Total Three months ended March 31, 2020 Allowance for credit losses on loans: Beginning balance $ 102,254 $ 60,253 $ 2,265 $ 30,275 $ — $ 195,047 Impact of CECL adoption (15,740 ) 24,154 2,031 (1,860 ) — 8,585 Provision for credit losses on loans 24,902 66,821 35 3,271 — 95,029 Charge-offs 20,653 37,730 — — — 58,383 Recoveries 257 423 — — — 680 Net charge-offs (recoveries) 20,396 37,307 — — — 57,703 Ending balance $ 91,020 $ 113,921 $ 4,331 $ 31,686 $ — $ 240,958 Three months ended March 31, 2019 Allowance for credit losses on loans: Beginning balance $ 96,814 $ 34,882 $ — $ 52,595 $ 7,231 $ 191,522 Provision for credit losses on loans 12,872 12,387 1,300 2,311 (7,231 ) 21,639 Charge-offs 4,865 — — — — 4,865 Recoveries 277 — — — — 277 Net charge-offs (recoveries) 4,588 — — — — 4,588 Ending balance $ 105,098 $ 47,269 $ 1,300 $ 54,906 $ — $ 208,573 During the first quarter of 2020, we adopted ASU 2016-13, which replaces the incurred loss methodology for determining our provision for credit losses and allowance for credit losses with an expected loss methodology that is referred to as the CECL model. Upon adoption, the allowance for credit losses was increased by $9.1 million , which included a $563,000 increase to the allowance for off-balance sheet credit losses, with no impact to the consolidated statement of income. We recorded a $96.0 million provision for credit losses for the first quarter of 2020 utilizing the newly adopted CECL methodology, a significant increase from prior quarters. The increase resulted primarily from increases in criticized loans and charge-offs, as well as the impact of reserve build related to the COVID-19 pandemic. More than half of the provision recorded in the first quarter of 2020 related to two large energy loans, previously identified as problem loans, that experienced further deterioration during the first quarter of 2020 exacerbated by the sharp decline in commodity prices, and approximately $30.0 million of the provision related to COVID-19 reserve build. In total, $1.8 billion of loans in categories that we expect to be more significantly impacted by COVID-19 were proactively downgraded, primarily to lower pass-rated grades. We recorded $57.7 million in net charge-offs during the first quarter of 2020, including $37.3 million in energy charge-offs and $15.6 million in leveraged lending charge-offs, all of which were loans that have been previously identified as problem loans, compared to $12.8 million during the fourth quarter of 2019 and $4.6 million , respectively, during the first quarter of 2019. Criticized loans totaled $675.9 million at March 31, 2020, compared to $584.1 million at December 31, 2019 and $602.8 million at March 31, 2019. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent gross loans held for investment by collateral type as follows: Collateral type (in thousands) Business assets Real property Energy Total March 31, 2020 Commercial $ 24,752 $ — $ — $ 24,752 Energy loans — — 151,858 151,858 Real estate Secured by 1-4 family — 1,202 — 1,202 Total collateral-dependent loans held for investment $ 24,752 $ 1,202 $ 151,858 $ 177,812 The table below provides an age analysis of our loans held for investment: (in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Past Due Non-accrual loans as of March 31, 2020(2) Current Total Non-accrual With No Allowance March 31, 2020 Commercial $ 26,013 $ 9,656 $ 19,373 $ 55,042 $ 61,953 $ 9,285,255 $ 9,402,250 $ 16,903 Energy — — — — 151,858 1,179,631 1,331,489 40,719 Mortgage finance loans — — — — — 7,588,803 7,588,803 — Real estate CRE 9,301 — 1,837 11,138 244 3,759,800 3,771,182 — RBF — — — — — 1,101,493 1,101,493 — Other 16,395 — — 16,395 3,689 925,789 945,873 3,689 Secured by 1-4 family 79 — 64 143 1,421 376,541 378,105 1,202 Total loans held for investment $ 51,788 $ 9,656 $ 21,274 $ 82,718 $ 219,165 $ 24,217,312 $ 24,519,195 $ 62,513 (1) Loans past due 90 days and still accruing includes premium finance loans of $8.6 million . These loans are generally secured by obligations of insurance carriers to refund premiums on canceled insurance policies. The receipt of the refund of premiums from the insurance carriers can take 180 days or longer from the cancellation date. (2) As of March 31, 2020 and December 31, 2019 , none of our non-accrual loans were earning interest income on a cash basis. Additionally, no interest income was recognized on non-accrual loans for the three months ended March 31, 2020. Accrued interest of $393,000 was reversed during the three months ended March 31, 2020. On January 1, 2020, the date we adopted CECL, non-accrual loans totaled $225.4 million , and included $88.6 million in commercial loans, $125.0 million in energy loans, $9.4 million in CRE loans, $881,000 in real estate-other loans and $1.4 million in secured by 1-4 family loans. As of March 31, 2020 and December 31, 2019 , we did not have any loans considered restructured that were not on non-accrual. Of the non-accrual loans at March 31, 2020 and December 31, 2019 , $22.3 million and $35.1 million , respectively, met the criteria for restructured. These loans had no unfunded commitments at their respective balance sheet dates. We did not have any loans that were restructured during the three months ended March 31, 2020. The following table details the recorded investment at March 31, 2019 of loans restructured during the three months ended March 31, 2019 by type of modification: Extended Maturity Adjusted Payment Schedule Total (in thousands, except number of contracts) Number of Contracts Balance at Period End Number of Contracts Balance at Period End Number of Contracts Balance at Period End Three months ended March 31, 2019 Energy loans 1 $ 22,540 — $ — 1 $ 22,540 Total 1 $ 22,540 — $ — 1 $ 22,540 Restructured loans generally include terms to temporarily place the loan on interest only, extend the payment terms or reduce the interest rate. We did not forgive any principal on the above restructured loans. At March 31, 2020 , all of the above restructured loans were on non-accrual. The restructuring of the loans did not have a significant impact on our allowance for credit losses at March 31, 2020 or 2019 . As of March 31, 2020 and 2019 , we did not have any loans that were restructured within the last 12 months that subsequently defaulted. In response to the COVID-19 pandemic and its economic impact to our customers, we implemented a short-term modification program that complies with the Coronavirus Aid, Relief, and Economic Security ("CARES") Act to provide temporary payment relief to those borrowers directly impacted by COVID-19 who were not more than 30 days past due as of December 31, 2019. This program allows for a deferral of payments for 90 days, which we may extend for an additional 90 days, for a maximum of 180 days on a cumulative and successive basis. The deferred payments along with interest accrued during the deferral period are due and payable on the maturity date. As of March 31, 2020, we have granted temporary modifications on approximately 146 loans, resulting in the deferral of approximately $3.7 million in interest payments. Under the applicable guidance, none of these loans were considered restructured as of March 31, 2020.

OREO and Valuation Allowance fo

OREO and Valuation Allowance for Losses on OREO	3 Months Ended
	Mar. 31, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract]
OREO and Valuation Allowance for Losses on OREO	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OREO and Valuation Allowance for Losses on OREO</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents a summary of the activity related to OREO:</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td style="width:63%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three months ended March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Beginning balance</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Valuation allowance for OREO</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Ending balance</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

Certain Transfers of Financial

Certain Transfers of Financial Assets	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Certain Transfers of Financial Assets	Certain Transfers of Financial Assets The table below presents a reconciliation of the changes in loans held for sale: Three Months Ended March 31, (in thousands) 2020 2019 Outstanding balance(1): Beginning balance $ 2,568,362 $ 1,949,785 Loans purchased and originated 2,356,710 1,550,059 Payments and loans sold (4,165,492 ) (1,617,518 ) Ending balance 759,580 1,882,326 Fair value adjustment: Beginning balance 8,772 19,689 Increase/(decrease) to fair value 5,712 (378 ) Ending balance 14,484 19,311 Loans held for sale at fair value $ 774,064 $ 1,901,637 (1) Includes $5.8 million of loans held for sale that are carried at lower of cost or market as of December 31, 2019 , as well as $299,000 as of December 31, 2018 . There were no loans held for sale carried at lower of cost or market as of March 31, 2020 or March 31, 2019 . No loans held for sale were on non-accrual as of March 31, 2020 or December 31, 2019 . At March 31, 2020 and December 31, 2019 , we had $9.0 million and $8.2 million , respectively, of loans held for sale that were 90 days or more past due. The $9.0 million in loans held for sale that were 90 days or more past due at March 31, 2020 included $5.8 million of loans guaranteed by U.S. government agencies that were purchased out of Ginnie Mae securities and recorded as loans held for sale, at fair value, on the balance sheet. Interest on these past due loans accrues at the debenture rate guaranteed by the U.S. government. Also included in the $9.0 million were $2.9 million in loans that, pursuant to Ginnie Mae servicing guidelines, we have the unilateral right, but not the obligation, to repurchase if defined delinquent loan criteria are met, and therefore must record as held for sale on our balance sheet regardless of whether the repurchase option has been exercised. At December 31, 2019 , $6.0 million of the $8.2 million in loans held for sale were loans guaranteed by U.S. government agencies that were purchased out of Ginnie Mae securities and recorded as loans held for sale, at fair value, on the balance sheet and $1.9 million were loans that we have the unilateral right, but not the obligation, to repurchase if defined delinquent loan criteria are met. From time to time we retain the right to service the loans sold through our MCA program, creating mortgage servicing rights ("MSRs") which are recorded as assets on our balance sheet. A summary of MSR activity is as follows: Three months ended March 31, (in thousands) 2020 2019 MSRs: Balance, beginning of year $ 70,707 $ 42,474 Capitalized servicing rights 20,615 6,138 Amortization (4,885 ) (1,593 ) Sales — — Balance, end of period $ 86,437 $ 47,019 Valuation allowance: Balance, beginning of year $ 5,803 $ — Increase in valuation allowance 10,015 2,931 Balance, end of period $ 15,818 $ 2,931 MSRs, net $ 70,619 $ 44,088 MSRs, fair value $ 70,619 $ 44,691 At March 31, 2020 and December 31, 2019 , our servicing portfolio of residential mortgage loans had outstanding principal balances of $8.3 billion and $6.7 billion , respectively. In connection with the servicing of these loans, we hold deposits in the name of investors representing escrow funds for taxes and insurance, as well as collections in transit to the investors. These escrow funds are segregated and held in separate non-interest-bearing deposit accounts at the Bank. These deposits, included in total non-interest-bearing deposits on the consolidated balance sheets, were $99.1 million at March 31, 2020 and $63.7 million at December 31, 2019 . The estimated fair value of the MSR assets is obtained from an independent third party and reviewed by management on a quarterly basis. MSRs typically do not trade in an active, open market with readily observable prices; as such, the fair value of MSRs is determined using a discounted cash flow model to calculate the present value of the estimated future net servicing income. The assumptions utilized in the discounted cash flow model are based on market data for comparable assets, where available. Each quarter, management and the independent third party review the key assumptions used in the discounted cash flow model and make adjustments as necessary to estimate the fair value of the MSRs. At March 31, 2020 , the estimated fair value of MSRs was adjusted as a result of the decline in mortgage interest rates experienced in the first three months of 2020 , which resulted in a $10.0 million impairment charge, compared to a $2.9 million impairment charge for the first three months of 2019. The following summarizes the assumptions used by management to determine the fair value of MSRs: March 31, 2020 December 31, 2019 Average discount rates 9.08 % 9.06 % Expected prepayment speeds 14.51 % 13.11 % Weighted-average life, in years 5.4 5.8 A sensitivity analysis of changes in the fair value of our MSR portfolio resulting from certain key assumptions is presented in the following table: (in thousands) March 31, 2020 December 31, 2019 50 bp adverse change in prepayment speed $ (8,338 ) $ (10,768 ) 100 bp adverse change in prepayment speed (10,091 ) (17,965 ) These sensitivities are hypothetical and actual results may differ materially due to a number of factors. The effect on fair value of a 10% variation in assumptions generally cannot be determined with confidence because the relationship of the change in assumptions to the fair value may not be linear. Additionally, the impact of a variation in a particular assumption on the fair value is calculated while holding other assumptions constant. In reality, changes in one factor may be correlated with changes in other factors, which could impact the sensitivity analysis as presented. In conjunction with the sale and securitization of loans held for sale, we may be exposed to liability resulting from repurchase, indemnification and make-whole agreements. Our estimated exposure related to those agreements totaled $3.5 million and $3.6 million at March 31, 2020 and December 31, 2019 , respectively, and is recorded in other liabilities in the consolidated balance sheets. We incurred $2.1 million in losses due to make-whole obligations during the three months ended March 31, 2020 compared to $162,000 during the three months ended March 31, 2019 . The increase in make-whole obligation losses is primarily related to an increase in early payoffs resulting from the declining interest rate environment.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Financial Instruments with Off-Balance Sheet Risk	Financial Instruments with Off-Balance Sheet Risk The table below presents our financial instruments with off-balance sheet risk, as well as the activity in the allowance for off-balance sheet credit losses related to those financial instruments. This allowance is recorded in other liabilities on the consolidated balance sheet. Three months ended March 31, (in thousands) 2020 2019 Beginning balance of allowance for off-balance sheet credit losses $ 8,640 $ 11,434 Impact of CECL adoption 563 — Provision for off-balance sheet credit losses 971 (1,639 ) Ending balance of allowance for off-balance sheet credit losses $ 10,174 $ 9,795 (in thousands) March 31, 2020 December 31, 2019 Commitments to extend credit - period end balance $ 7,301,491 $ 8,066,655 Standby letters of credit - period end balance $ 255,399 $ 261,405

Regulatory Restrictions

Regulatory Restrictions	3 Months Ended
	Mar. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Restrictions	Regulatory Restrictions The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory (and possibly additional discretionary) actions by regulators that, if undertaken, could have a direct material adverse effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The Basel III regulatory capital framework (the "Basel III Capital Rules") adopted by U.S. federal regulatory authorities, among other things, (i) establishes the capital measure called "Common Equity Tier 1" ("CET1"), (ii) specifies that Tier 1 capital consist of CET1 and "Additional Tier 1 Capital" instruments meeting stated requirements, (iii) requires that most deductions/adjustments to regulatory capital measures be made to CET1 and not to other components of capital and (iv) defines the scope of the deductions/adjustments to the capital measures. Additionally, the Basel III Capital Rules require that we maintain a 2.5% capital conservation buffer with respect to each of CET1, Tier 1 and total capital to risk-weighted assets, which provides for capital levels that exceed the minimum risk-based capital adequacy requirements. A financial institution with a conservation buffer of less than the required amount is subject to limitations on capital distributions, including dividend payments and stock repurchases, and certain discretionary bonus payments to executive officers. In the first quarter of 2020, U.S. federal regulatory authorities issued an interim final rule that provides banking organizations that adopt CECL during the 2020 calendar year with the option to delay for two years the estimated impact of CECL on regulatory capital relative to regulatory capital determined under the prior incurred loss methodology, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided during the initial two-year delay (i.e., a five-year transition in total). In connection with our adoption of CECL on January 1, 2020, we have elected to utilize the five-year CECL transition. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of CET1, Tier 1 and total capital to risk-weighted assets, and of Tier 1 capital to average assets, each as defined in the regulations. Management believes, as of March 31, 2020 , that the Company and the Bank meet all capital adequacy requirements to which they are subject. Financial institutions are categorized as well capitalized or adequately capitalized based on minimum total risk-based, Tier 1 risk-based, CET1 and Tier 1 leverage ratios. As shown in the table below, the Company’s capital ratios exceeded the regulatory definition of adequately capitalized as of March 31, 2020 and December 31, 2019 . Based upon the information in its most recently filed call report, the Bank met the capital ratios necessary to be well capitalized. The regulatory authorities can apply changes in classification of assets and such changes may retroactively subject the Company to changes in capital ratios. Any such change could reduce one or more capital ratios below well-capitalized status. In addition, a change may result in imposition of additional assessments by the FDIC or could result in regulatory actions that could have a material adverse effect on our financial condition and results of operations. Because our Bank had less than $15.0 billion in total consolidated assets as of December 31, 2009, we are allowed to continue to classify our trust preferred securities, all of which were issued prior to May 19, 2010, as Tier 1 capital. The table below summarizes our actual and required capital ratios under the Basel III Capital Rules. The ratios presented below include the effects of our election to utilize the five-year CECL transition described above. Actual For Capital Adequacy Purposes Required to be Considered Well Capitalized (dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio March 31, 2020 CET1 Company $ 2,646,323 9.27 % $ 1,998,473 7.00 % N/A N/A Bank 2,673,198 9.37 % 1,996,495 7.00 % 1,853,888 6.50 % Total capital (to risk-weighted assets) Company 3,415,854 11.96 % 2,997,710 10.50 % N/A N/A Bank 3,283,989 11.51 % 2,994,742 10.50 % 2,852,135 10.00 % Tier 1 capital (to risk-weighted assets) Company 2,901,225 10.16 % 2,426,717 8.50 % N/A N/A Bank 2,828,100 9.92 % 2,424,315 8.50 % 2,281,708 8.00 % Tier 1 capital (to average assets)(1) Company 2,901,225 8.48 % 1,368,689 4.00 % N/A N/A Bank 2,828,100 8.27 % 1,368,145 4.00 % 1,710,181 5.00 % December 31, 2019 CET1 Company $ 2,653,999 8.88 % $ 2,091,591 7.00 % N/A N/A Bank 2,676,513 8.96 % 2,090,870 7.00 % 1,941,522 6.50 % Total capital (to risk-weighted assets) Company 3,398,345 11.37 % 3,137,926 10.50 % N/A N/A Bank 3,262,144 10.92 % 3,136,305 10.50 % 2,986,957 10.00 % Tier 1 capital (to risk-weighted assets) Company 2,912,529 9.75 % 2,540,226 8.50 % N/A N/A Bank 2,835,043 9.49 % 2,538,913 8.50 % 2,389,565 8.00 % Tier 1 capital (to average assets)(1) Company 2,912,529 8.42 % 1,383,640 4.00 % N/A N/A Bank 2,835,043 8.20 % 1,383,190 4.00 % 1,728,988 5.00 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board and the FDIC may require the Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Our mortgage finance loan volumes can increase significantly at month-end, causing a meaningful difference between ending balance and average balance for any period. At March 31, 2020 , our mortgage finance loans were $7.6 billion compared to the average for the quarter ended March 31, 2020 of $7.1 billion . As CET1, Tier 1 and total capital ratios are calculated using quarter-end risk-weighted assets and our mortgage finance loans are 100% risk-weighted (excluding MCA mortgage loans held for sale, which receive lower risk weights), the period-end fluctuation in these balances can significantly impact our reported ratios. Due to the actual risk profile and liquidity of this asset class, we manage capital allocated to mortgage finance loans based on changing trends in average balances and do not believe that the period-end balance is representative of risk characteristics that would justify higher allocations. However, we monitor our capital allocation to confirm that all capital levels remain above well-capitalized levels. Dividends that may be paid by banks are routinely restricted by various regulatory authorities. The amount that can be paid in any calendar year without prior approval of our Bank’s regulatory agencies cannot exceed the lesser of the net profits (as defined) for that year plus the net profits for the preceding two calendar years, or retained earnings. The Basel III Capital Rules further limit the amount of dividends that may be paid by our Bank. No dividends were declared or paid on our common stock during the three months ended March 31, 2020 , or 2019 .

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2020
Compensation Related Costs [Abstract]
Stock-based Compensation	Stock-based Compensation We have long-term incentive plans under which stock-based compensation awards are granted to employees and directors by the board of directors, or its designated committee. Grants are subject to vesting requirements and may include, among other things, nonqualified stock options, stock appreciation rights ("SARs"), restricted stock units ("RSUs"), restricted stock and performance units, or any combination thereof. There are 2,550,000 total shares authorized for grant under the plans. The table below summarizes our stock-based compensation expense: Three months ended March 31, (in thousands) 2020 2019 Stock-settled awards: SARs $ — $ 6 RSUs 3,219 2,407 Restricted stock 8 10 Cash-settled performance units 142 2,065 Total $ 3,369 $ 4,488 (in thousands except period data) March 31, 2020 Unrecognized compensation expense related to unvested stock-settled awards $ 34,996 Weighted average period over which expense is expected to be recognized, in years 3.3

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures We determine the fair market values of our assets and liabilities measured at fair value on a recurring and nonrecurring basis using the fair value hierarchy as prescribed in ASC 820. The standard describes three levels of inputs that may be used to measure fair value as provided below. Level 1 Quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair values requires significant management judgment or estimation. Assets and liabilities measured at fair value are as follows: Fair Value Measurements Using (in thousands) Level 1 Level 2 Level 3 March 31, 2020 Available-for-sale debt securities:(1) Residential mortgage-backed securities $ — $ 4,688 $ — Tax-exempt asset-backed securities — — 191,474 CRT securities — — 8,015 Equity securities(1)(2) 17,368 7,239 — Loans held for sale(3) — 767,370 6,694 Loans held for investment(4) — — 121,037 Derivative assets(5) — 125,913 — Derivative liabilities(5) — 126,459 — Non-qualified deferred compensation plan liabilities(6) 17,668 — — December 31, 2019 Available-for-sale debt securities:(1) Residential mortgage-backed securities $ — $ 5,266 $ — Tax-exempt asset-backed securities — — 197,027 CRT securities — — 11,964 Equity securities(1)(2) 18,484 7,130 — Loans held for sale(3) — 2,564,281 7,043 Loans held for investment(4) — — 109,585 Derivative assets(5) — 48,684 — Derivative liabilities(5) — 51,310 — Non-qualified deferred compensation plan liabilities(6) 18,484 — — (1) Securities are measured at fair value on a recurring basis, generally monthly, except for tax-exempt asset-backed securities and CRT securities which are measured quarterly. (2) Equity securities consist of Community Reinvestment Act funds and investments related to our non-qualified deferred compensation plan. (3) Loans held for sale purchased through our MCA program are measured at fair value on a recurring basis, generally monthly. (4) Includes certain collateral-dependent loans held for investment for which a specific allocation of the allowance for credit losses is based upon the fair value of the loan’s underlying collateral. These loans held for investment are measured on a nonrecurring basis, generally annually or more often as warranted by market and economic conditions. (5) Derivative assets and liabilities are measured at fair value on a recurring basis, generally quarterly. (6) Non-qualified deferred compensation plan liabilities represent the fair value of the obligation to the employee, which generally corresponds to the fair value of the invested assets, and are measured at fair value on a recurring basis, generally monthly. Level 3 Valuations The following table presents a reconciliation of the level 3 fair value category measured at fair value on a recurring basis: Net Realized/Unrealized Gains (Losses) (in thousands) Balance at Beginning of Period Purchases / Additions Sales / Reductions Realized Unrealized Balance at End of Period Three months ended March 31, 2020 Available-for-sale debt securities:(1) Tax-exempt asset-backed securities $ 197,027 $ — $ (4,353 ) $ — $ (1,200 ) $ 191,474 CRT securities $ 11,964 $ — $ — $ — $ (3,949 ) $ 8,015 Loans held for sale(2) $ 7,043 $ 213 $ (684 ) $ 28 $ 94 $ 6,694 Three months ended March 31, 2019 Available-for-sale debt securities:(1) Tax-exempt asset-backed securities $ 95,804 $ 92,010 $ — $ — $ 4,030 $ 191,844 CRT securities $ — $ 15,044 $ — $ (331 ) $ (4,076 ) $ 10,637 Loans held for sale(2) $ 16,415 $ — $ (3,878 ) $ 216 $ 293 $ 13,046 (1) Unrealized gains/(losses) on available-for-sale debt securities are recorded in AOCI and all relate to assets held at March 31, 2020 . Realized gains/(losses) are recorded in other non-interest income. (2) Realized and unrealized gains/(losses) on loans held for sale are recorded in gain/(loss) on sale of loans held for sale. Tax-exempt asset-backed securities The fair value of tax-exempt asset-backed securities is based on a discounted cash flow model, which utilizes Level 3, or unobservable, inputs, the most significant of which were a discount rate and weighted-average life. At March 31, 2020 , the discount rates utilized ranged from 3.04% to 3.05% and the weighted-average life ranged from 5.5 years to 8.0 years. On a combined amortized cost weighted-average basis a discount rate of 3.05% and weighted-average life of 6.8 years were utilized to determine the fair value of these securities at March 31, 2020 . At December 31, 2019 , the combined weighted-average discount rate and weighted-average life utilized were 2.99% and 7.0 years, respectively. CRT securities The fair value of CRT securities is based on a discounted cash flow model, which utilizes Level 3, or unobservable, inputs, the most significant of which were a discount rate and weighted-average life. At March 31, 2020 , the discount rates utilized ranged from 7.35% to 13.74% and the weighted-average life ranged from 6.8 years to 11.4 years. On a combined amortized cost weighted-average basis a discount rate of 9.48% and a weighted-average life of 8.4 years were utilized to determine the fair value of these securities at March 31, 2020 . At December 31, 2019 , the combined weighted-average discount rate and combined weighted-average life utilized were 4.54% and 9.3 years, respectively. Loans held for sale The fair value of loans held for sale using Level 3 inputs include loans that cannot be sold through normal sale channels and thus require significant management judgment or estimation when determining the fair value. The fair value of such loans is generally based upon quoted prices of comparable loans with a liquidity discount applied. At March 31, 2020 , the fair value of these loans was calculated using a weighted-average discounted price of 95.0% , compared to 94.1% at December 31, 2019 . Loans held for investment Certain collateral-dependent loans held for investment are reported at fair value when, based upon an individual evaluation, the specific allocation of the allowance for credit losses that is deducted from the loan's amortized cost is based upon the fair value of the loan's underlying collateral. The $121.0 million fair value of loans held for investment at March 31, 2020 reported above includes loans held for investment with a carrying value of $177.8 million that were reduced by specific allowance allocations totaling $56.8 million based on collateral valuations utilizing Level 3 inputs. The $109.6 million fair value of loans held for investment at December 31, 2019 reported above includes loans with a carrying value of $145.4 million that were reduced by specific allowance allocations totaling $35.8 million based on collateral valuations utilizing Level 3 inputs. Fair Value of Financial Instruments GAAP requires disclosure of fair value information about financial instruments, whether or not recognized on the balance sheet, for which it is practical to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. This disclosure does not and is not intended to represent the fair value of the Company. A summary of the carrying amounts and estimated fair values of financial instruments is as follows: March 31, 2020 December 31, 2019 (in thousands) Carrying Amount Estimated Fair Value Carrying Estimated Financial assets: Level 1 inputs: Cash and cash equivalents $ 9,660,575 $ 9,660,575 $ 4,425,583 $ 4,425,583 Investment securities 17,368 17,368 18,484 18,484 Level 2 inputs: Investment securities 11,927 11,927 12,396 12,396 Loans held for sale 767,370 767,370 2,570,091 2,570,091 Derivative assets 125,913 125,913 48,684 48,684 Level 3 inputs: Investment securities 199,489 199,489 208,991 208,991 Loans held for sale 6,694 6,694 7,043 7,043 Loans held for investment, net 24,205,424 24,170,104 24,451,215 24,478,586 Financial liabilities: Level 2 inputs: Federal funds purchased 289,165 289,165 132,270 132,270 Customer repurchase agreements 6,102 6,102 9,496 9,496 Other borrowings 4,900,000 4,900,000 2,400,000 2,400,000 Subordinated notes 282,219 281,793 282,129 292,302 Trust preferred subordinated debentures 113,406 113,406 113,406 113,406 Derivative liabilities 126,459 126,459 51,310 51,310 Level 3 inputs: Deposits 27,134,263 30,302,466 26,478,593 29,357,121 The estimated fair value for cash and cash equivalents, variable rate loans and variable rate debt approximates carrying value. The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments: Investment Securities Within the investment securities portfolio, we hold equity securities related to our non-qualified deferred compensation plan that are valued using quoted market prices for identical equity securities in an active market, and are classified as Level 1 assets in the fair value hierarchy. The fair value of the remaining equity securities and residential mortgage-backed securities in our investment portfolio are based on prices obtained from independent pricing services that are based on quoted market prices for the same or similar securities, and are characterized as Level 2 assets in the fair value hierarchy. We have obtained documentation from our primary pricing service regarding their processes and controls applicable to pricing investment securities, and on a quarterly basis we independently verify the prices that we receive from the service provider using two additional independent pricing sources. We also hold tax-exempt asset-backed securities and CRT securities that are valued using a discounted cash flow model, which utilizes Level 3 inputs, and are classified as Level 3 assets in the fair value hierarchy. Loans Held for Sale Fair value for loans held for sale is derived from quoted market prices for similar loans, in which case they are characterized as Level 2 assets in the fair value hierarchy, or is derived from third party pricing models, in which case they are characterized as Level 3 assets in the fair value hierarchy. Derivatives The estimated fair value of interest rate swaps and caps is obtained from independent pricing services based on quoted market prices for similar derivative contracts and these financial instruments are characterized as Level 2 assets and liabilities in the fair value hierarchy. On a quarterly basis, we independently verify the fair value using an additional independent pricing source. Foreign currency forward contracts are valued based upon quoted market prices obtained from independent pricing services for similar derivative contracts. As such, these financial instruments are characterized as Level 2 assets and liabilities in the fair value hierarchy. The derivative instruments related to the loans held for sale portfolio include loan purchase commitments and forward sales commitments. Loan purchase commitments are valued based upon the fair value of the underlying mortgage loans to be purchased, which is based on observable market data for similar loans. Forward sales commitments are valued based upon quoted market prices from brokers. As such, these loan purchase commitments and forward sales commitments are characterized as Level 2 assets or liabilities in the fair value hierarchy.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The notional amounts and estimated fair values of derivative positions outstanding are presented in the following table: March 31, 2020 December 31, 2019 Estimated Fair Value Estimated Fair Value (in thousands) Notional Amount Asset Derivative Liability Derivative Notional Amount Asset Derivative Liability Derivative Non-hedging derivatives: Financial institution counterparties: Commercial loan/lease interest rate swaps $ 1,929,103 $ — $ 113,742 $ 1,548,234 $ 182 $ 46,518 Commercial loan/lease interest rate caps 665,317 64 — 639,163 32 — Foreign currency forward contracts 2,971 417 — 2,219 169 — Customer counterparties: Commercial loan/lease interest rate swaps 1,929,103 113,742 — 1,548,234 46,518 182 Commercial loan/lease interest rate caps 665,317 — 64 639,163 — 32 Foreign currency forward contracts 2,971 — 417 2,219 — 169 Economic hedging interest rate derivatives: Loan purchase commitments 636,277 11,690 5 214,012 1,965 4 Forward sale commitments 820,553 — 12,231 2,654,653 — 4,587 Gross derivatives 125,913 126,459 48,866 51,492 Offsetting derivative assets/liabilities — — (182 ) (182 ) Net derivatives included in the consolidated balance sheets $ 125,913 $ 126,459 $ 48,684 $ 51,310 The weighted-average received and paid interest rates for interest rate swaps outstanding were as follows: March 31, 2020 Weighted-Average Interest Rate December 31, 2019 Weighted-Average Interest Rate Received Paid Received Paid Non-hedging interest rate swaps 3.27 % 2.19 % 3.94 % 3.26 % The weighted-average strike rate for outstanding interest rate caps was 3.31% at March 31, 2020 and 3.29% at December 31, 2019 . Our credit exposure on derivative instruments is limited to the net favorable value and interest payments by each counterparty. In some cases collateral may be required from the counterparties involved if the net value of the derivative instruments exceeds a nominal amount. Our credit exposure associated with these instruments, net of any collateral pledged, was approximately $125.9 million at March 31, 2020 and approximately $48.7 million at December 31, 2019 . Collateral levels are monitored and adjusted on a regular basis for changes in interest rate swap and cap values, as well as for changes in the value of forward sale commitments. At March 31, 2020 , we had $151.3 million in cash collateral pledged for these derivatives, of which $125.4 million was included in interest-bearing deposits in other banks and $25.9 million was included in accrued interest receivable and other assets. At December 31, 2019 , we had $56.6 million in cash collateral pledged for these derivatives, of which $54.3 million was included in interest-bearing deposits and $2.3 million was included in accrued interest receivable and other assets. We also enter into credit risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which we are either a participant or a lead bank. The risk participation agreements entered into by us as a participant bank provide credit protection to the financial institution counterparty should the borrower fail to perform on its interest rate derivative contract with that financial institution. We are party to 10 risk participation agreements where we are a participant bank with a notional amount of $136.5 million at March 31, 2020 , compared to 12 risk participation agreements having a notional amount of $146.7 million at December 31, 2019 . The maximum estimated exposure to these agreements, assuming 100% default by all obligors, was approximately $7.0 million at March 31, 2020 and $3.6 million at December 31, 2019 . The fair value of these exposures was insignificant to the consolidated financial statements at both March 31, 2020 and December 31, 2019 . Risk participation agreements entered into by us as the lead bank provide credit protection to us should the borrower fail to perform on its interest rate derivative contract with us. We are party to 8 risk participation agreements where we are the lead bank having a notional amount of $80.8 million at March 31, 2020 , compared to 12 agreements having a notional amount of $145.9 million at December 31, 2019 .

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards ASU 2019-12 "Income Taxes (Topic 740)" ("ASU 2019-12") simplifies the accounting for income taxes by removing certain exceptions and improves the consistent application of GAAP by clarifying and amending other existing guidance. ASU 2019-012 will be effective for us on January 1, 2021 and is not expected to have any material impact on our consolidated financial statements. ASU 2020-01 "Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)" ("ASU 2020-01") clarifies the interaction of the accounting for equity securities under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. ASU 2020-01 will be effective for us on January 1, 2021 and is not expected to have any material impact on our consolidated financial statements. ASU 2020-02 "Financial Instruments - Credit Losses (Topic 326) and Leases (Topic 842)" ("ASU 2020-02") incorporates SEC SAB 119 (updated from SAB 102) into the Accounting Standards Codification (the "Codification") by aligning SEC recommended policies and procedures with ASC 326. ASU 2020-02 was effective on January 1, 2020 and has no significant impact on our documentation requirements. ASU 2020-03 "Codification Improvements to Financial Instruments" ("ASU 2020-03") revised a wide variety of topics in the Codification with the intent to make the Codification easier to understand and apply by eliminating inconsistencies and providing clarifications. ASU 2020-03 was effective immediately upon its release in March 2020 and did not have a material impact on our consolidated financial statements. ASU 2020-04, "Reference Rate Reform (Topic 848)" ("ASU 2020-04") provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other transactions affected by the anticipated transition away from LIBOR toward new interest rate benchmarks. For transactions that are modified because of reference rate reform and that meet certain scope guidance (i) modifications of loan agreements should be accounted for by prospectively adjusting the effective interest rate and the modification will be considered "minor" so that any existing unamortized origination fees/costs would carry forward and continue to be amortized and (ii) modifications of lease agreements should be accounted for as a continuation of the existing agreement with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required for modifications not accounted for as separate contracts. ASU 2020-04 also provides numerous optional expedients for derivative accounting. ASU 2020-04 is effective March 12, 2020 through December 31, 2022. An entity may elect to apply ASU 2020-04 for contract modifications as of January 1, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a Topic or an Industry Subtopic within the Codification, the amendments in this ASU must be applied prospectively for all eligible contract modifications for that Topic or Industry Subtopic. We anticipate this ASU will simplify any modifications we execute between the selected start date (yet to be determined) and December 31, 2022 that are directly related to LIBOR transition by allowing prospective recognition of the continuation of the contract, rather than extinguishment of the old contract resulting in writing off unamortized fees/costs. We are evaluating the impacts of this ASU and have not yet determined whether LIBOR transition and this ASU will have material effects on our business operations and consolidated financial statements.

Operations and Summary of Sig_2

Operations and Summary of Significant Accounting Policies Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization And Nature Of Business	Organization and Nature of Business Texas Capital Bancshares, Inc. (the "Company” or "TCBI"), a Delaware corporation, was incorporated in November 1996 and commenced banking operations in December 1998. The consolidated financial statements of the Company include the accounts of Texas Capital Bancshares, Inc. and its wholly owned subsidiary, Texas Capital Bank, National Association (the "Bank”). We serve the needs of commercial businesses and successful professionals and entrepreneurs located in Texas as well as operate several lines of business serving a regional or national clientele of commercial borrowers. We are primarily a secured lender, with the majority of our loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses headquartered or with operations in Texas. Our national lines of business provide specialized lending products to businesses throughout the United States. On December 9, 2019, the Company entered into a merger agreement with Independent Bank Group, Inc. ("IBTX"), the holding company for Independent Bank, under which TCBI and IBTX will combine in an all-stock merger of equals. Under the terms of the merger agreement, each share of TCBI common stock outstanding immediately prior to the effective time, other than certain shares held by TCBI or IBTX, will be converted into the right to receive the merger consideration of 1.0311 shares of IBTX common stock. At the effective time, each outstanding share of TCBI preferred stock will be automatically converted into the right to receive one share of IBTX preferred stock having substantially the same terms as such share of TCBI preferred stock. The name of the surviving entity will be Independent Bank Group, Inc. and the name of the surviving bank will be Texas Capital Bank. The surviving bank will be operated under the name Independent Financial in Colorado and under the name Texas Capital Bank in Texas. The merger agreement was unanimously approved by the board of directors of TCBI and the board of directors of IBTX. The merger is expected to close in mid-2020, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval of the merger agreement by the stockholders of TCBI and the shareholders of IBTX, respectively. For more information on the merger agreement and the merger, see Part I, Item 1, Business-Merger with Independent Bank Group, Inc. in our Annual Report on Form 10-K filed with the SEC on February 12, 2020 (the "2019 Form 10-K").
Basis of Accounting	Basis of Presentation Our accounting and reporting policies conform to accounting principles generally accepted in the United States ("GAAP") and to generally accepted practices within the banking industry. Certain prior period balances have been reclassified to conform to the current period presentation. The consolidated interim financial statements are unaudited and certain information and footnote disclosures presented in accordance with GAAP have been condensed or omitted. In the opinion of management, the interim financial statements include all normal and recurring adjustments and the disclosures made are adequate to make the interim financial information not misleading. The consolidated financial statements have been prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with our consolidated financial statements, and notes thereto, for the year ended December 31, 2019 , included in our 2019 Form 10-K. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.
New Accounting Pronouncements	Accounting Changes On January 1, 2020, we adopted ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"), which replaces the incurred loss methodology for determining our provision for credit losses and allowance for credit losses with an expected loss methodology that is referred to as the Current Expected Credit Loss ("CECL") model. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with ASU 2016-02 "Leases (Topic 842)" ("ASU 2016-02"). In addition, ASU 2016-13 made changes to the accounting for available-for-sale debt securities. One such change is to require credit-related impairments to be recognized as an allowance for credit losses rather than as a write-down of the securities amortized cost basis when management does not intend to sell or believes that it is not more likely than not that they will be required to sell the securities prior to recovery of the securities amortized cost basis. We adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost, off-balance sheet credit exposures and net investments in leases. Results for reporting periods beginning after January 1, 2020 are presented under ASU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. We adopted ASU 2016-13 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2020. As a result, the amortized cost basis remains the same before and after the effective date of ASU 2016-13.
Loans	Loans Loans Held for Investment Loans held for investment (including financing leases) are stated at the amount of unpaid principal reduced by deferred income (net of costs). Interest on loans is recognized using the simple-interest method on the daily balances of the principal amounts outstanding. Loan origination fees, net of direct loan origination costs, and commitment fees are deferred and amortized as an adjustment to yield over the life of the loan, or over the commitment period, as applicable. Restructured loans are loans on which, due to the borrower’s financial difficulties, we have granted a concession that we would not otherwise consider for borrowers of similar credit quality. This may include a transfer of real estate or other assets from the borrower, a modification of loan terms, or a combination of the two. Modifications of terms that could potentially qualify as a restructuring include reduction of contractual interest rate, extension of the maturity date at a contractual interest rate lower than the current rate for new debt with similar risk, a reduction of the face amount of debt or forgiveness of either principal or accrued interest. A loan continues to qualify as restructured until a consistent payment history or change in the borrower’s financial condition has been evidenced, generally for no less than twelve months. If the restructuring agreement specifies an interest rate at the time of the restructuring that is greater than or equal to the rate that we are willing to accept for a new extension of credit with comparable risk, then the loan is no longer considered a restructuring if it is in compliance with the modified terms in calendar years after the year of the restructure. A loan is considered past due when a contractually due payment has not been received by the contractual due date. We place a loan on non-accrual when there is a clear indication that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally when a loan is 90 days past due. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is reversed as a reduction of current period interest income. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. A loan is placed back on accrual status when both principal and interest are current and it is probable that we will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. Loans held for investment includes legal ownership interests in mortgage loans that we purchase through our mortgage warehouse lending division. The ownership interests are purchased from unaffiliated mortgage originators who are seeking additional funding through sale of the undivided ownership interests to facilitate their ability to originate loans. The mortgage originator has no obligation to offer and we have no obligation to purchase these interests. The originator closes mortgage loans consistent with underwriting standards established by approved investors, and, at the time of the sale to the investor, our ownership interest and that of the originator are delivered by us to the investor selected by the originator and approved by us. We typically purchase up to a 99% ownership interest in each mortgage with the originator owning the remaining percentage. These mortgage ownership interests are generally held by us for a period of less than 30 days and more typically 10-20 days. Because of conditions in agreements with originators designed to reduce transaction risks, under ASC 860, Transfers and Servicing of Financial Assets (“ASC 860”), the ownership interests do not qualify as participating interests. Under ASC 860, the ownership interests are deemed to be loans to the originators and payments we receive from investors are deemed to be payments made by or on behalf of the originator to repay the loan deemed made to the originator. Because we have an actual, legal ownership interest in the underlying residential mortgage loan, these interests are reported as extensions of credit to the originators that are secured by the mortgage loans as collateral. Due to market conditions or events of default by the investor or the originator, we could be required to purchase the remaining interests in the mortgage loans and hold them beyond the expected 10-20 days. Mortgage loans acquired under these conditions would require mark-to-market adjustments to income and could require future allocations of the allowance for credit losses or be subject to charge-off in the event the loans become impaired.
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses is an estimate of the expected credit losses in the loans held for investment and available-for-sale debt securities portfolios. Loans ASU 2016-13 replaces the current incurred loss impairment model that recognizes losses when it becomes probable that a credit loss will be incurred,with a requirement to recognize lifetime expected credit losses immediately when a financial asset is originated or purchased. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the allowance when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, credit quality, or term as well as for changes in environmental conditions, such as changes in unemployment rates, gross domestic product, property values or other relevant factors. The allowance for credit losses is comprised of reserves measured on a collective (pool) basis based on a lifetime loss-rate model when similar risk characteristics exist. Reserves on loans that do not share risk characteristics are evaluated on an individual basis. In order to determine the allowance for credit losses, all loans are assigned a credit grade. Loans graded substandard or worse and greater than $500,000 are specifically reviewed for loss potential and when deemed appropriate are assigned a reserve based on an individual evaluation. For purposes of determining the pool-basis reserve, the remainder of the portfolio, representing all loans not assigned an individual reserve, is segregated first by portfolio segment, then by product type, to recognize differing risk profiles within portfolio segments, and finally by credit grade. Each credit grade within each product type is assigned a historical loss rate. These historical loss rates are then modified to incorporate our reasonable and supportable forecast of future losses at the portfolio segment level, as well as any necessary qualitative adjustments using a Portfolio Level Qualitative Factor ("PLQF") and/or a Portfolio Segment Level Qualitative Factor ("SLQF"). These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. A similar process is employed to calculate a reserve assigned to off-balance sheet commitments, specifically unfunded loan commitments and letters of credit, and any needed reserve is recorded in other liabilities. For periods beyond which we are able to develop reasonable and supportable forecasts, we revert to the historical loss rate. The PLQF and SLQF are utilized to address factors that are not present in historical loss rates and otherwise unaccounted for in the quantitative process. The PLQF is used to apply a qualitative adjustment across the entire portfolio of loans, while the SLQF is designed to apply a qualitative adjustment across a single portfolio segment. Even though portions of the allowance may be allocated to specific loans, the entire allowance is available for any credit that, in management’s judgment, should be charged off. Portfolio segments are used to pool loans with similar risk characteristics and align with our methodology for measuring expected credit losses. A summary of our primary portfolio segments is as follows: Commercial . Our commercial loan portfolio is comprised of lines of credit for working capital, term loans and leases to finance equipment and other business assets across a variety of industries. These loans are used for general corporate purposes including financing working capital, internal growth, acquisitions and business insurance premiums and are generally secured by accounts receivable, inventory, equipment and other assets of our clients’ businesses. Our commercial loan portfolio also includes consumer loans because our small portfolio of consumer loans is largely comprised of accommodation loans to individuals associated with our commercial clients. Energy . Our energy loan portfolio is primarily comprised of loans to exploration and production (“E&P”) companies that are generally collateralized with proven reserves based on appropriate valuation standards that take into account the risk of oil and gas price volatility. The majority of this portfolio is first lien, senior secured, reserve-based lending, which we believe is the lowest-risk form of energy lending. Energy loans are impacted by commodity price volatility, as well as changes in consumer and business demand. Mortgage finance . Mortgage finance loans relate to our mortgage warehouse lending operations in which we purchase mortgage loan ownership interests from unaffiliated mortgage originators that are generally held by us for a period of less than 30 days and more typically 10-20 days before they are sold to an approved investor. Volumes fluctuate based on the level of market demand for the product and the number of days between purchase and sale of the loans, which can be affected by changes in overall market interest rates and housing demand and tend to peak at the end of each month. Mortgage finance loans are consistently underwritten based on standards established by the approved investors. Market conditions or events of default by an investor or originator could require that we repurchase the remaining interests in the mortgage loans and hold them beyond the expected 10-20 days. Real estate . Our real estate portfolio is comprised of the following types of loans: Commercial real estate ("CRE") . Our CRE portfolio is comprised of both construction/development financing and limited term financing provided to professional real estate developers and owners/managers of commercial real estate projects and properties who have a demonstrated record of past success with similar properties. Collateral properties include office buildings, warehouse/distribution buildings, shopping centers, apartment buildings, residential and commercial tract development. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. CRE loans are impacted by fluctuations in collateral values, as well as the ability of the borrower to obtain permanent financing. Residential homebuilder finance ("RBF") . The RBF portfolio is comprised of loans made to residential builders and developers. Loans to residential builders are typically in the form of uncommitted guidance lines and are for the purpose of developing lots into single-family homes, while loans to developers are typically in the form of borrowing base lines extended for the purpose of acquiring and developing raw land into lots that can be further sold to home builders. RBF loans, if not structured and monitored correctly, can be impacted by volatility in consumer demand, as well as fluctuation in housing prices. Secured by 1-4 family . This category of loans includes both first and second lien loans made for the purpose of purchasing or constructing a 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of residential dwellings. Other . The "other" category is primarily comprised of real estate loans originated through a Small Business Administration (SBA) program where repayment is partially guaranteed by the SBA, as well as other loans secured by real estate where the primary source of repayment is not expected to come from the sale or lease of the real property collateral. We have several pass credit grades that are assigned to loans based on varying levels of risk, ranging from credits that are secured by cash or marketable securities, to watch credits which have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring. Within our criticized/classified credit grades are special mention, substandard and doubtful. Special mention loans are those that are currently protected by the sound worth and paying capacity of the borrower, but that are potentially weak and constitute an additional credit risk. These loans have the potential to deteriorate to a substandard grade due to the existence of financial or administrative deficiencies. Substandard loans have a well-defined weakness or weaknesses that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Some substandard loans are inadequately protected by the sound worth and paying capacity of the borrower and of the collateral pledged and may be considered impaired. Substandard loans can be accruing or can be on non-accrual depending on the circumstances of the individual loans. Loans classified as doubtful have all the weaknesses inherent in substandard loans with the added characteristics that the weaknesses make collection in full highly questionable and improbable. The possibility of loss is extremely high. All doubtful loans are on non-accrual. The methodology used in the estimation of the allowance, which is performed at least quarterly, is designed to be dynamic and responsive to changes in portfolio credit quality and forecasted economic conditions. Changes are reflected in the pool-basis allowance and in reserves assigned on an individual basis as the collectability of classified loans is evaluated with new information. As our portfolio has matured, historical loss ratios have been closely monitored. The review of the appropriateness of the allowance is performed by executive management and presented to the audit and risk committees of our board of directors for their review. The committees report to the board as part of the board's review on a quarterly basis of our consolidated financial statements. When management determines that foreclosure is probable, and for certain collateral-dependent loans where foreclosure is not considered probable, expected credit losses are based on the fair value of the collateral adjusted for selling costs, when appropriate. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: management has a reasonable expectation that a loan will be restructured, or the extension or renewal options are included in the borrower contract and are not unconditionally cancellable by us. We do not measure an allowance for credit losses on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when loans are placed on non-accrual status as discussed above. Investment Securities Available-for-Sale For available-for-sale debt securities in an unrealized loss position, we first assess whether we intend to sell or it is more-likely-than-not that we will be required to sell the securities before recovery of the amortized cost basis. If either of these criteria is met, the securities amortized cost basis is written down to fair value as a current period expense. If either of the above criteria is not met, we evaluate whether the decline in fair value is the result of credit losses or other factors. In making this assessment, we may consider various factors including the extent to which fair value is less than amortized cost, performance of any underlying collateral and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess of the amortized cost basis over the present value of expected cash flows is recorded as an allowance for credit loss, limited to the amount by which the fair value is less than the amortized cost basis. Any impairment not recorded through an allowance for credit loss is recognized in other comprehensive income as a non credit-related impairment. We have made a policy election to exclude accrued interest from the amortized cost basis of available-for-sale debt securities and report accrued interest separately in accrued interest and other assets in the consolidated balance sheets. Available-for-sale debt securities are placed on non-accrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status. Accordingly, we do not recognize an allowance for credit loss against accrued interest receivable. All debt securities are available-for-sale as of March 31, 2020 and December 31, 2019. Included in debt securities available-for-sale are Credit Risk Transfer ("CRT") securities. CRT securities represent unsecured obligations issued by government sponsored entities ("GSEs") such as Freddie Mac and are designed to transfer mortgage credit risk from the GSE to private investors. CRT securities are structured to be subject to the performance of a reference pool of mortgage loans in which we share in 50% of the first losses with the GSE. If the reference pool incurs losses, the amount we will recover on the notes is reduced by our share of the amount of such losses, which could potentially be up to 100% of the amount outstanding. Unrealized losses recognized in accumulated other comprehensive income ("AOCI") for the CRT securities are primarily related to the difference between the current market rate for similar securities and the stated interest rate and are not considered to be related to credit loss events. The CRT securities are generally interest-only for an initial period of time and are restricted from being transferred until a future date.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for credit losses, the fair value of financial instruments and the status of contingencies are particularly susceptible to significant change.

Operations and Summary of Sig_3

Operations and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table illustrates the impact of adopting ASU 2016-13 and details how outstanding loan balances have been reclassified as a result of changes made to our primary portfolio segments under CECL: (in thousands) January 1, 2020 As Reported Under ASU 2016-13 Pre-ASU 2016-13 Impact of ASU 2016-13 Adoption Assets: Loans held for investment (outstanding balance) Commercial $ 9,133,444 $ 10,230,828 $ (1,097,384 ) Energy 1,425,309 1,425,309 Mortgage finance 8,169,849 8,169,849 — Construction 2,563,339 (2,563,339 ) Real estate 6,008,040 3,444,701 2,563,339 Consumer 71,463 (71,463 ) Equipment leases 256,462 (256,462 ) Allowance for credit losses on loans (203,632 ) (195,047 ) (8,585 ) Total loans held for investment, net 24,442,630 24,451,215 (8,585 ) Net deferred tax asset 23,058 21,064 1,994 Liabilities: Allowance for credit losses on off-balance sheet exposures 9,203 8,640 563 Equity: Retained earnings 1,687,454 1,694,608 (7,154 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per share	The following table presents the computation of basic and diluted earnings per share: Three months ended March 31, (in thousands except share and per share data) 2020 2019 Numerator: Net income/(loss) $ (16,687 ) $ 82,839 Preferred stock dividends 2,438 2,438 Net income/(loss) available to common stockholders $ (19,125 ) $ 80,401 Denominator: Denominator for basic earnings per share—weighted average shares 50,373,580 50,229,797 Effect of employee stock-based awards(1) 101,222 115,602 Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions 50,474,802 50,345,399 Basic earnings/(loss) per common share $ (0.38 ) $ 1.60 Diluted earnings/(loss) per common share $ (0.38 ) $ 1.60 (1) SARs and RSUs outstanding of 428,007 at March 31, 2020 and 411,065 at March 31, 2019 have not been included in diluted earnings/(loss) per share because to do so would have been antidilutive for the periods presented.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Securities, Available-for-sale [Abstract]
Summary of securities	The following is a summary of available-for-sale debt securities at March 31, 2020: (in thousands) Amortized Cost(1) Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2020 Available-for-sale debt securities: Residential mortgage-backed securities $ 4,556 $ 132 $ — $ 4,688 Tax-exempt asset-backed securities 178,872 12,602 — 191,474 Credit risk transfer securities 14,713 — (6,698 ) 8,015 Total $ 198,141 $ 12,734 $ (6,698 ) $ 204,177 December 31, 2019 Available-for-sale debt securities: Residential mortgage-backed securities $ 4,991 $ 275 $ — $ 5,266 Tax-exempt asset-backed securities 183,225 13,802 — 197,027 Credit risk transfer securities 14,713 — (2,749 ) 11,964 Total $ 202,929 $ 14,077 $ (2,749 ) $ 214,257 (1) Excludes accrued interest receivable of $1.7 million and $1.6 million at March 31, 2020 and December 31, 2019, respectively, that is recorded in accrued interest receivable and other assets.
Schedule of amortized cost and estimated fair value of securities	The amortized cost and estimated fair value, excluding accrued interest receivable, of available-for-sale debt securities are presented below by contractual maturity: (in thousands, except percentage data) Less Than One Year After One Through Five Years After Five Through Ten Years After Ten Years Total March 31, 2020 Available-for-sale: Residential mortgage-backed securities:(1) Amortized cost $ — $ 888 $ — $ 3,668 $ 4,556 Estimated fair value — 968 — 3,720 4,688 Weighted average yield(3) — % 5.54 % — % 4.22 % 4.48 % Tax-exempt asset-backed securities:(1) Amortized Cost — — — 178,872 178,872 Estimated fair value — — — 191,474 191,474 Weighted average yield(2)(3) — % — % — % 4.20 % 4.20 % CRT securities:(1) Amortized Cost — — — 14,713 14,713 Estimated fair value — — — 8,015 8,015 Weighted average yield(3) — % — % — % 1.63 % 1.63 % Total available-for-sale debt securities: Amortized cost $ 198,141 Estimated fair value $ 204,177 December 31, 2019 Available-for-sale: Residential mortgage-backed securities:(1) Amortized cost $ — $ 1,005 $ — $ 3,986 $ 4,991 Estimated fair value — 1,088 — 4,178 5,266 Weighted average yield(3) — % 5.54 % — % 4.31 % 4.55 % Tax-exempt asset-backed securities:(1) Amortized Cost — — — 183,225 183,225 Estimated fair value — — — 197,027 197,027 Weighted average yield(2)(3) — % — % — % 4.20 % 4.20 % CRT securities:(1) Amortized Cost — — — 14,713 14,713 Estimated fair value — — — 11,964 11,964 Weighted average yield(3) — % — % — % 1.71 % 1.71 % Total available-for-sale debt securities: Amortized cost $ 202,929 Estimated fair value $ 214,257 (1) Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without prepayment penalties. (2) Yields have been adjusted to a tax equivalent basis assuming a 21% federal tax rate. (3) Yields are calculated based on amortized cost.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	The following table discloses our available-for-sale debt securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months: Less Than 12 Months 12 Months or Longer Total (in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss March 31, 2020 CRT securities $ — $ — $ 8,015 $ (6,698 ) $ 8,015 $ (6,698 ) December 31, 2019 CRT securities $ 11,964 $ (2,749 ) $ — $ — $ 11,964 $ (2,749 )
Summary of unrealized and realized gains/(losses) recognized in net income on equity securities	The following is a summary of unrealized and realized gains/(losses) recognized on equity securities and included in other non-interest income in the consolidated statements of income: Three months ended March 31, (in thousands) 2020 2019 Net gains/(losses) recognized during the period $ (2,977 ) $ 1,266 Less: Realized net gains/(losses) recognized during the period on equity securities sold (19 ) (30 ) Unrealized net gains/(losses) recognized during the period on equity securities still held $ (2,958 ) $ 1,296

Loans Held for Investment and_2

Loans Held for Investment and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Schedule of loans held for investments	Loans held for investment are summarized by portfolio segment as follows: (in thousands) March 31, 2020 December 31, 2019 Commercial $ 9,402,250 $ 9,133,444 Energy 1,331,489 1,425,309 Mortgage finance(1) 7,588,803 8,169,849 Real estate 6,196,653 6,008,040 Gross loans held for investment(2) 24,519,195 24,736,642 Deferred income (net of direct origination costs) (72,813 ) (90,380 ) Allowance for credit losses on loans (240,958 ) (195,047 ) Total loans held for investment, net(2) $ 24,205,424 $ 24,451,215 (1) Balances at March 31, 2020 and December 31, 2019 are stated net of $895.9 million and $682.7 million of participations sold, respectively. (2) Excludes accrued interest receivable of $61.7 million and $63.4 million at March 31, 2020 and December 31, 2019 , respectively, that is recorded in accrued interest receivable and other assets.
Schedule of the credit risk profile of loan portfolio by internally assigned grades and nonaccrual status	The following table summarizes our gross loans held for investment by year of origination and internally assigned credit grades: (in thousands) 2020 2019 2018 2017 2016 2015 and prior Revolving lines of credit Revolving lines of credit converted to term loans Total March 31, 2020 Commercial (1-7) Pass 164,393 3,097,118 828,225 488,711 357,598 350,754 3,768,821 37,506 9,093,126 (8) Special mention — 12,122 21,109 1,629 13,372 13,351 57,836 3,636 123,055 (9) Substandard - accruing 688 26,003 8,057 14,473 11,860 10,602 50,790 1,643 124,116 (9+) Non-accrual — 6,586 876 10,368 1,395 24,752 16,906 1,070 61,953 Total commercial 165,081 3,141,829 858,267 515,181 384,225 399,459 3,894,353 43,855 9,402,250 Energy (1-7) Pass — 20,525 15,183 25,163 — 59,578 961,833 714 1,082,996 (8) Special mention — — 10,000 — — — 50,024 — 60,024 (9) Substandard - accruing — 2,556 — 6,105 — 14,386 13,564 — 36,611 (9+) Non-accrual — 40,881 56,700 3,139 11,822 10,689 26,778 1,849 151,858 Total energy — 63,962 81,883 34,407 11,822 84,653 1,052,199 2,563 1,331,489 Mortgage finance (1-7) Pass 282,291 623,955 673,328 492,038 67,179 5,450,012 — — 7,588,803 (8) Special mention — — — — — — — — — (9) Substandard - accruing — — — — — — — — — (9+) Non-accrual — — — — — — — — — Total mortgage finance 282,291 623,955 673,328 492,038 67,179 5,450,012 — — 7,588,803 Real estate CRE (1-7) Pass 133,556 733,076 951,198 811,991 284,324 640,181 87,979 44,327 3,686,632 (8) Special mention — — 16,484 20,918 9,558 12,908 — 1,883 61,751 (9) Substandard - accruing — — — — — 21,305 — 1,250 22,555 (9+) Non-accrual — — — — — 244 — — 244 RBF (1-7) Pass 36,669 218,642 143,204 39,091 15,521 13,968 633,422 — 1,100,517 (8) Special mention — 689 287 — — — — — 976 (9) Substandard - accruing — — — — — — — — — (9+) Non-accrual — — — — — — — — — Other (1-7) Pass 84,156 167,071 138,751 170,548 107,942 184,010 23,390 39,043 914,911 (8) Special mention — — 5,969 312 2,911 8,178 — 6,323 23,693 (9) Substandard - accruing — — 531 701 — 2,348 — — 3,580 (9+) Non-accrual — 594 — — — 3,095 — — 3,689 Secured by 1-4 family (1-7) Pass 15,641 68,913 79,808 72,265 93,948 40,231 5,460 — 376,266 (8) Special mention — — — — — 309 — — 309 (9) Substandard - accruing — — — — — 109 — — 109 (9+) Non-accrual — — — — — 1,421 — — 1,421 Total real estate 270,022 1,188,985 1,336,232 1,115,826 514,204 928,307 750,251 92,826 6,196,653 Total loans held for investment 717,394 5,018,731 2,949,710 2,157,452 977,430 6,862,431 5,696,803 139,244 24,519,195
Schedule of activity in the reserve for loan losses by portfolio segment	The following table details activity in the allowance for credit losses on loans. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. (in thousands) Commercial Energy Mortgage Finance Real Estate Additional Qualitative Reserve Total Three months ended March 31, 2020 Allowance for credit losses on loans: Beginning balance $ 102,254 $ 60,253 $ 2,265 $ 30,275 $ — $ 195,047 Impact of CECL adoption (15,740 ) 24,154 2,031 (1,860 ) — 8,585 Provision for credit losses on loans 24,902 66,821 35 3,271 — 95,029 Charge-offs 20,653 37,730 — — — 58,383 Recoveries 257 423 — — — 680 Net charge-offs (recoveries) 20,396 37,307 — — — 57,703 Ending balance $ 91,020 $ 113,921 $ 4,331 $ 31,686 $ — $ 240,958 Three months ended March 31, 2019 Allowance for credit losses on loans: Beginning balance $ 96,814 $ 34,882 $ — $ 52,595 $ 7,231 $ 191,522 Provision for credit losses on loans 12,872 12,387 1,300 2,311 (7,231 ) 21,639 Charge-offs 4,865 — — — — 4,865 Recoveries 277 — — — — 277 Net charge-offs (recoveries) 4,588 — — — — 4,588 Ending balance $ 105,098 $ 47,269 $ 1,300 $ 54,906 $ — $ 208,573
Schedule of impaired loans, by portfolio class	The table below provides an age analysis of our loans held for investment: (in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Past Due Non-accrual loans as of March 31, 2020(2) Current Total Non-accrual With No Allowance March 31, 2020 Commercial $ 26,013 $ 9,656 $ 19,373 $ 55,042 $ 61,953 $ 9,285,255 $ 9,402,250 $ 16,903 Energy — — — — 151,858 1,179,631 1,331,489 40,719 Mortgage finance loans — — — — — 7,588,803 7,588,803 — Real estate CRE 9,301 — 1,837 11,138 244 3,759,800 3,771,182 — RBF — — — — — 1,101,493 1,101,493 — Other 16,395 — — 16,395 3,689 925,789 945,873 3,689 Secured by 1-4 family 79 — 64 143 1,421 376,541 378,105 1,202 Total loans held for investment $ 51,788 $ 9,656 $ 21,274 $ 82,718 $ 219,165 $ 24,217,312 $ 24,519,195 $ 62,513 (1) Loans past due 90 days and still accruing includes premium finance loans of $8.6 million . These loans are generally secured by obligations of insurance carriers to refund premiums on canceled insurance policies. The receipt of the refund of premiums from the insurance carriers can take 180 days or longer from the cancellation date. (2) As of March 31, 2020 and December 31, 2019 , none of our non-accrual loans were earning interest income on a cash basis. Additionally, no interest income was recognized on non-accrual loans for the three months ended March 31, 2020. Accrued interest of $393,000 was reversed during the three months ended March 31, 2020.
Schedule of loans that have been restructured	The following table details the recorded investment at March 31, 2019 of loans restructured during the three months ended March 31, 2019 by type of modification: Extended Maturity Adjusted Payment Schedule Total (in thousands, except number of contracts) Number of Contracts Balance at Period End Number of Contracts Balance at Period End Number of Contracts Balance at Period End Three months ended March 31, 2019 Energy loans 1 $ 22,540 — $ — 1 $ 22,540 Total 1 $ 22,540 — $ — 1 $ 22,540
Financing Receivable, Nonaccrual	The following table summarizes collateral-dependent gross loans held for investment by collateral type as follows: Collateral type (in thousands) Business assets Real property Energy Total March 31, 2020 Commercial $ 24,752 $ — $ — $ 24,752 Energy loans — — 151,858 151,858 Real estate Secured by 1-4 family — 1,202 — 1,202 Total collateral-dependent loans held for investment $ 24,752 $ 1,202 $ 151,858 $ 177,812

OREO and Valuation Allowance _2

OREO and Valuation Allowance for Losses on OREO (Tables)	3 Months Ended
	Mar. 31, 2020
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Summary of the activity related to OREO	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents a summary of the activity related to OREO:</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td style="width:63%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three months ended March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Beginning balance</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Valuation allowance for OREO</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Ending balance</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

Certain Transfers of Financia_2

Certain Transfers of Financial Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Schedule of Loans Held-for-sale [Table Text Block]	The table below presents a reconciliation of the changes in loans held for sale: Three Months Ended March 31, (in thousands) 2020 2019 Outstanding balance(1): Beginning balance $ 2,568,362 $ 1,949,785 Loans purchased and originated 2,356,710 1,550,059 Payments and loans sold (4,165,492 ) (1,617,518 ) Ending balance 759,580 1,882,326 Fair value adjustment: Beginning balance 8,772 19,689 Increase/(decrease) to fair value 5,712 (378 ) Ending balance 14,484 19,311 Loans held for sale at fair value $ 774,064 $ 1,901,637 (1) Includes $5.8 million of loans held for sale that are carried at lower of cost or market as of December 31, 2019 , as well as $299,000 as of December 31, 2018 . There were no loans held for sale carried at lower of cost or market as of March 31, 2020 or March 31, 2019 .
Schedule of Mortgage Servicing Rights Activity [Table Text Block]	retain the right to service the loans sold through our MCA program, creating mortgage servicing rights ("MSRs") which are recorded as assets on our balance sheet. A summary of MSR activity is as follows: Three months ended March 31, (in thousands) 2020 2019 MSRs: Balance, beginning of year $ 70,707 $ 42,474 Capitalized servicing rights 20,615 6,138 Amortization (4,885 ) (1,593 ) Sales — — Balance, end of period $ 86,437 $ 47,019 Valuation allowance: Balance, beginning of year $ 5,803 $ — Increase in valuation allowance 10,015 2,931 Balance, end of period $ 15,818 $ 2,931 MSRs, net $ 70,619 $ 44,088 MSRs, fair value $ 70,619 $ 44,691
Schedule of Fair Value Assumption Used to Value Mortgage Servicing Rights Retained [Table Text Block]	The following summarizes the assumptions used by management to determine the fair value of MSRs: March 31, 2020 December 31, 2019 Average discount rates 9.08 % 9.06 % Expected prepayment speeds 14.51 % 13.11 % Weighted-average life, in years 5.4 5.8
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]	A sensitivity analysis of changes in the fair value of our MSR portfolio resulting from certain key assumptions is presented in the following table: (in thousands) March 31, 2020 December 31, 2019 50 bp adverse change in prepayment speed $ (8,338 ) $ (10,768 ) 100 bp adverse change in prepayment speed (10,091 ) (17,965 )

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Schedule of financial instruments with off-balance sheet risk	The table below presents our financial instruments with off-balance sheet risk, as well as the activity in the allowance for off-balance sheet credit losses related to those financial instruments. This allowance is recorded in other liabilities on the consolidated balance sheet. Three months ended March 31, (in thousands) 2020 2019 Beginning balance of allowance for off-balance sheet credit losses $ 8,640 $ 11,434 Impact of CECL adoption 563 — Provision for off-balance sheet credit losses 971 (1,639 ) Ending balance of allowance for off-balance sheet credit losses $ 10,174 $ 9,795 (in thousands) March 31, 2020 December 31, 2019 Commitments to extend credit - period end balance $ 7,301,491 $ 8,066,655 Standby letters of credit - period end balance $ 255,399 $ 261,405

Regulatory Restrictions (Tables

Regulatory Restrictions (Tables)	3 Months Ended
	Mar. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of compliance with Regulatory Capital Requirements	The table below summarizes our actual and required capital ratios under the Basel III Capital Rules. The ratios presented below include the effects of our election to utilize the five-year CECL transition described above. Actual For Capital Adequacy Purposes Required to be Considered Well Capitalized (dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio March 31, 2020 CET1 Company $ 2,646,323 9.27 % $ 1,998,473 7.00 % N/A N/A Bank 2,673,198 9.37 % 1,996,495 7.00 % 1,853,888 6.50 % Total capital (to risk-weighted assets) Company 3,415,854 11.96 % 2,997,710 10.50 % N/A N/A Bank 3,283,989 11.51 % 2,994,742 10.50 % 2,852,135 10.00 % Tier 1 capital (to risk-weighted assets) Company 2,901,225 10.16 % 2,426,717 8.50 % N/A N/A Bank 2,828,100 9.92 % 2,424,315 8.50 % 2,281,708 8.00 % Tier 1 capital (to average assets)(1) Company 2,901,225 8.48 % 1,368,689 4.00 % N/A N/A Bank 2,828,100 8.27 % 1,368,145 4.00 % 1,710,181 5.00 % December 31, 2019 CET1 Company $ 2,653,999 8.88 % $ 2,091,591 7.00 % N/A N/A Bank 2,676,513 8.96 % 2,090,870 7.00 % 1,941,522 6.50 % Total capital (to risk-weighted assets) Company 3,398,345 11.37 % 3,137,926 10.50 % N/A N/A Bank 3,262,144 10.92 % 3,136,305 10.50 % 2,986,957 10.00 % Tier 1 capital (to risk-weighted assets) Company 2,912,529 9.75 % 2,540,226 8.50 % N/A N/A Bank 2,835,043 9.49 % 2,538,913 8.50 % 2,389,565 8.00 % Tier 1 capital (to average assets)(1) Company 2,912,529 8.42 % 1,383,640 4.00 % N/A N/A Bank 2,835,043 8.20 % 1,383,190 4.00 % 1,728,988 5.00 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board and the FDIC may require the Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Compensation Related Costs [Abstract]
Schedule of stock-based compensation costs	The table below summarizes our stock-based compensation expense: Three months ended March 31, (in thousands) 2020 2019 Stock-settled awards: SARs $ — $ 6 RSUs 3,219 2,407 Restricted stock 8 10 Cash-settled performance units 142 2,065 Total $ 3,369 $ 4,488
Schedule of unrecognized compensation costs	(in thousands except period data) March 31, 2020 Unrecognized compensation expense related to unvested stock-settled awards $ 34,996 Weighted average period over which expense is expected to be recognized, in years 3.3

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value	Assets and liabilities measured at fair value are as follows: Fair Value Measurements Using (in thousands) Level 1 Level 2 Level 3 March 31, 2020 Available-for-sale debt securities:(1) Residential mortgage-backed securities $ — $ 4,688 $ — Tax-exempt asset-backed securities — — 191,474 CRT securities — — 8,015 Equity securities(1)(2) 17,368 7,239 — Loans held for sale(3) — 767,370 6,694 Loans held for investment(4) — — 121,037 Derivative assets(5) — 125,913 — Derivative liabilities(5) — 126,459 — Non-qualified deferred compensation plan liabilities(6) 17,668 — — December 31, 2019 Available-for-sale debt securities:(1) Residential mortgage-backed securities $ — $ 5,266 $ — Tax-exempt asset-backed securities — — 197,027 CRT securities — — 11,964 Equity securities(1)(2) 18,484 7,130 — Loans held for sale(3) — 2,564,281 7,043 Loans held for investment(4) — — 109,585 Derivative assets(5) — 48,684 — Derivative liabilities(5) — 51,310 — Non-qualified deferred compensation plan liabilities(6) 18,484 — — (1) Securities are measured at fair value on a recurring basis, generally monthly, except for tax-exempt asset-backed securities and CRT securities which are measured quarterly. (2) Equity securities consist of Community Reinvestment Act funds and investments related to our non-qualified deferred compensation plan. (3) Loans held for sale purchased through our MCA program are measured at fair value on a recurring basis, generally monthly. (4) Includes certain collateral-dependent loans held for investment for which a specific allocation of the allowance for credit losses is based upon the fair value of the loan’s underlying collateral. These loans held for investment are measured on a nonrecurring basis, generally annually or more often as warranted by market and economic conditions. (5) Derivative assets and liabilities are measured at fair value on a recurring basis, generally quarterly. (6) Non-qualified deferred compensation plan liabilities represent the fair value of the obligation to the employee, which generally corresponds to the fair value of the invested assets, and are measured at fair value on a recurring basis, generally monthly.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents a reconciliation of the level 3 fair value category measured at fair value on a recurring basis: Net Realized/Unrealized Gains (Losses) (in thousands) Balance at Beginning of Period Purchases / Additions Sales / Reductions Realized Unrealized Balance at End of Period Three months ended March 31, 2020 Available-for-sale debt securities:(1) Tax-exempt asset-backed securities $ 197,027 $ — $ (4,353 ) $ — $ (1,200 ) $ 191,474 CRT securities $ 11,964 $ — $ — $ — $ (3,949 ) $ 8,015 Loans held for sale(2) $ 7,043 $ 213 $ (684 ) $ 28 $ 94 $ 6,694 Three months ended March 31, 2019 Available-for-sale debt securities:(1) Tax-exempt asset-backed securities $ 95,804 $ 92,010 $ — $ — $ 4,030 $ 191,844 CRT securities $ — $ 15,044 $ — $ (331 ) $ (4,076 ) $ 10,637 Loans held for sale(2) $ 16,415 $ — $ (3,878 ) $ 216 $ 293 $ 13,046 (1) Unrealized gains/(losses) on available-for-sale debt securities are recorded in AOCI and all relate to assets held at March 31, 2020 . Realized gains/(losses) are recorded in other non-interest income. (2) Realized and unrealized gains/(losses) on loans held for sale are recorded in gain/(loss) on sale of loans held for sale.
Summary of the carrying amounts and estimated fair values of financial instruments	A summary of the carrying amounts and estimated fair values of financial instruments is as follows: March 31, 2020 December 31, 2019 (in thousands) Carrying Amount Estimated Fair Value Carrying Estimated Financial assets: Level 1 inputs: Cash and cash equivalents $ 9,660,575 $ 9,660,575 $ 4,425,583 $ 4,425,583 Investment securities 17,368 17,368 18,484 18,484 Level 2 inputs: Investment securities 11,927 11,927 12,396 12,396 Loans held for sale 767,370 767,370 2,570,091 2,570,091 Derivative assets 125,913 125,913 48,684 48,684 Level 3 inputs: Investment securities 199,489 199,489 208,991 208,991 Loans held for sale 6,694 6,694 7,043 7,043 Loans held for investment, net 24,205,424 24,170,104 24,451,215 24,478,586 Financial liabilities: Level 2 inputs: Federal funds purchased 289,165 289,165 132,270 132,270 Customer repurchase agreements 6,102 6,102 9,496 9,496 Other borrowings 4,900,000 4,900,000 2,400,000 2,400,000 Subordinated notes 282,219 281,793 282,129 292,302 Trust preferred subordinated debentures 113,406 113,406 113,406 113,406 Derivative liabilities 126,459 126,459 51,310 51,310 Level 3 inputs: Deposits 27,134,263 30,302,466 26,478,593 29,357,121

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The notional amounts and estimated fair values of derivative positions outstanding are presented in the following table: March 31, 2020 December 31, 2019 Estimated Fair Value Estimated Fair Value (in thousands) Notional Amount Asset Derivative Liability Derivative Notional Amount Asset Derivative Liability Derivative Non-hedging derivatives: Financial institution counterparties: Commercial loan/lease interest rate swaps $ 1,929,103 $ — $ 113,742 $ 1,548,234 $ 182 $ 46,518 Commercial loan/lease interest rate caps 665,317 64 — 639,163 32 — Foreign currency forward contracts 2,971 417 — 2,219 169 — Customer counterparties: Commercial loan/lease interest rate swaps 1,929,103 113,742 — 1,548,234 46,518 182 Commercial loan/lease interest rate caps 665,317 — 64 639,163 — 32 Foreign currency forward contracts 2,971 — 417 2,219 — 169 Economic hedging interest rate derivatives: Loan purchase commitments 636,277 11,690 5 214,012 1,965 4 Forward sale commitments 820,553 — 12,231 2,654,653 — 4,587 Gross derivatives 125,913 126,459 48,866 51,492 Offsetting derivative assets/liabilities — — (182 ) (182 ) Net derivatives included in the consolidated balance sheets $ 125,913 $ 126,459 $ 48,684 $ 51,310
Schedule Of Weighted Average Interest Rate Received And Paid	The weighted-average received and paid interest rates for interest rate swaps outstanding were as follows: March 31, 2020 Weighted-Average Interest Rate December 31, 2019 Weighted-Average Interest Rate Received Paid Received Paid Non-hedging interest rate swaps 3.27 % 2.19 % 3.94 % 3.26 %

Operations and Summary of Sig_4

Operations and Summary of Significant Accounting Policies - Additional Information (Details) - IBTX	Dec. 09, 2019
Common Stock
Property, Plant and Equipment [Line Items]
Share conversion ratio	1.0311
Preferred Stock
Property, Plant and Equipment [Line Items]
Share conversion ratio	1

Operations and Summary of Sig_5

Operations and Summary of Significant Accounting Policies - Impact of ASU 2016-13 (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Loans held for investment	$ 24,519,195		$ 24,736,642
Allowance for credit losses on loans	(240,958)	$ (195,047)	(195,047)	$ (208,573)	$ (191,522)
Loans held for investment, net	24,205,424	24,451,215	24,451,215
Net deferred tax asset		21,064
Liabilities:
Allowance for credit losses on off-balance sheet exposures	10,174	8,640	8,640	9,795	11,434
Equity:
Retained earnings	1,668,329	1,694,608	1,694,608
Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		(203,632)
Loans held for investment, net		24,442,630
Net deferred tax asset		23,058
Liabilities:
Allowance for credit losses on off-balance sheet exposures		9,203
Equity:
Retained earnings		1,687,454
Cumulative Effect, Period Of Adoption, Adjustment
Assets
Allowance for credit losses on loans		(8,585)	(8,585)
Loans held for investment, net		(8,585)
Net deferred tax asset		1,994
Liabilities:
Allowance for credit losses on off-balance sheet exposures		563
Equity:
Retained earnings		(7,154)
Commercial
Assets
Loans held for investment	9,402,250	10,230,828	9,133,444
Allowance for credit losses on loans	(91,020)		(102,254)	(105,098)	(96,814)
Commercial | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment		9,133,444
Commercial | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		(1,097,384)
Allowance for credit losses on loans			15,740
Energy
Assets
Loans held for investment	1,331,489		1,425,309
Allowance for credit losses on loans	(113,921)		(60,253)	(47,269)	(34,882)
Energy | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment		1,425,309
Energy | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		1,425,309
Allowance for credit losses on loans			(24,154)
Mortgage finance
Assets
Loans held for investment	7,588,803	8,169,849	8,169,849
Allowance for credit losses on loans	(4,331)		(2,265)	(1,300)	0
Mortgage finance | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment		8,169,849
Mortgage finance | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		0
Allowance for credit losses on loans			(2,031)
Construction
Assets
Loans held for investment		2,563,339
Construction | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment
Construction | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		(2,563,339)
Real Estate
Assets
Loans held for investment	6,196,653	3,444,701	6,008,040
Allowance for credit losses on loans	$ (31,686)		(30,275)	$ (54,906)	$ (52,595)
Real Estate | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment		6,008,040
Real Estate | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		2,563,339
Allowance for credit losses on loans			$ 1,860
Consumer
Assets
Loans held for investment		71,463
Consumer | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment
Consumer | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		(71,463)
Equipment leases
Assets
Loans held for investment		256,462
Equipment leases | Cumulative Effect, Period Of Adoption, Adjusted Balance
Assets
Loans held for investment
Equipment leases | Cumulative Effect, Period Of Adoption, Adjustment
Assets
Loans held for investment		$ (256,462)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net income/(loss)	$ (16,687)	$ 82,839
Preferred stock dividends	2,438	2,438
Net income/(loss) available to common stockholders	$ (19,125)	$ 80,401
Denominator:
Basic earnings per share - weighted average shares	50,373,580	50,229,797
Effect of employee stock-based awards	101,222	115,602
Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions	50,474,802	50,345,399
Basic earnings/(loss) per common share	$ (0.38)	$ 1.60
Diluted earnings/(loss) per common share	$ (0.38)	$ 1.60
Stock options excluded from computation of EPS	428,007	411,065

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	$ 198,141	$ 202,929
Gross Unrealized Gains	12,734	14,077
Gross Unrealized Losses	(6,698)	(2,749)
Estimated Fair Value	204,177	214,257
Interest receivable	61,700	63,400
Available-for-sale Securities
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Interest receivable	1,700	1,600
Residential mortgage-backed securities
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	4,556	4,991
Gross Unrealized Gains	132	275
Gross Unrealized Losses	0	0
Estimated Fair Value	4,688	5,266
Tax-exempt asset-backed securities
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	178,872	183,225
Gross Unrealized Gains	12,602	13,802
Gross Unrealized Losses	0	0
Estimated Fair Value	191,474	197,027
Credit risk transfer securities
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost	14,713	14,713
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6,698)	(2,749)
Estimated Fair Value	$ 8,015	$ 11,964

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Amortized cost
Amortized Cost	$ 198,141	$ 202,929
Estimated fair value
Total	204,177	214,257
Investment securities	204,177	214,257
Weighted average yield
Debt Securities, Available-for-sale, Amortized Cost	$ 198,141	202,929
Available-for-sale Securities, Other Disclosure Items
Federal tax rate (percent)	21.00%
Customer repurchase agreements
Available-for-sale Securities, Other Disclosure Items
Available-for-sale debt securities pledged to secure certain customer repurchase agreements and deposits	$ 3,100	3,500
Residential mortgage-backed securities
Amortized cost
Less Than One Year	0	0
After One Through Five Years	888	1,005
After Five Through Ten Years	0	0
After Ten Years	3,668	3,986
Amortized Cost	4,556	4,991
Estimated fair value
Less Than One Year	0	0
After One Through Five Years	968	1,088
After Five Through Ten Years	0	0
After Ten Years	3,720	4,178
Investment securities	$ 4,688	$ 5,266
Weighted average yield
Less Than One Year	0.00%	0.00%
After One Through Five Years	5.54%	5.54%
After Five Through Ten Years	0.00%	0.00%
After Ten Years	4.22%	4.31%
Total	4.48%	4.55%
Debt Securities, Available-for-sale, Amortized Cost	$ 4,556	$ 4,991
Tax-exempt asset-backed securities
Amortized cost
Less Than One Year	0	0
After One Through Five Years	0	0
After Five Through Ten Years	0	0
After Ten Years	178,872	183,225
Amortized Cost	178,872	183,225
Estimated fair value
Less Than One Year	0	0
After One Through Five Years	0	0
After Five Through Ten Years	0	0
After Ten Years	191,474	197,027
Investment securities	$ 191,474	$ 197,027
Weighted average yield
Less Than One Year	0.00%	0.00%
After One Through Five Years	0.00%	0.00%
After Five Through Ten Years	0.00%	0.00%
After Ten Years	4.20%	4.20%
Total	4.20%	4.20%
Debt Securities, Available-for-sale, Amortized Cost	$ 178,872	$ 183,225
Credit risk transfer securities
Amortized cost
Less Than One Year	0	0
After One Through Five Years	0	0
After Five Through Ten Years	0	0
After Ten Years	14,713	14,713
Amortized Cost	14,713	14,713
Estimated fair value
Less Than One Year	0	0
After One Through Five Years	0	0
After Five Through Ten Years	0	0
After Ten Years	8,015	11,964
Investment securities	$ 8,015	$ 11,964
Weighted average yield
Less Than One Year	0.00%	0.00%
After One Through Five Years	0.00%	0.00%
After Five Through Ten Years	0.00%	0.00%
After Ten Years	1.63%	1.71%
Total	1.63%	1.71%
Debt Securities, Available-for-sale, Amortized Cost	$ 14,713	$ 14,713
Less Than 12 Months, Fair Value	0	11,964
Less Than 12 Months, Unrealized Loss	0	(2,749)
12 Months or Longer, Fair Value	8,015	0
12 Months or Longer, Unrealized Loss	(6,698)	0
Total, Fair Value	8,015	11,964
Total, Unrealized Loss	(6,698)	(2,749)
Deposits
Available-for-sale Securities, Other Disclosure Items
Available-for-sale debt securities pledged to secure certain customer repurchase agreements and deposits	$ 1,500	$ 1,200

Investment Securities (Detail_2

Investment Securities (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Securities, Available-for-sale [Abstract]
Estimated fair value	$ 24,600		$ 25,600
Net gains/(losses) recognized during the period	(2,977)	$ 1,266
Less: Realized net gains/(losses) recognized during the period on equity securities sold	(19)	(30)
Unrealized net gains/(losses) recognized during the period on equity securities still held	$ (2,958)	$ 1,296

Loans Held for Investment and_3

Loans Held for Investment and Allowance for Loan Losses - Loans By Portfolio Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross loans held for investment	$ 24,519,195		$ 24,736,642
Deferred income (net of direct origination costs)	(72,813)		(90,380)
Allowance for credit losses on loans	(240,958)	$ (195,047)	(195,047)	$ (208,573)	$ (191,522)
Loans held for investment, net	24,205,424	24,451,215	24,451,215
Participations sold	895,900		682,700
Interest receivable	61,700		63,400
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross loans held for investment	9,402,250	10,230,828	9,133,444
Allowance for credit losses on loans	(91,020)		(102,254)	(105,098)	(96,814)
Energy
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross loans held for investment	1,331,489		1,425,309
Allowance for credit losses on loans	(113,921)		(60,253)	(47,269)	(34,882)
Mortgage finance
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross loans held for investment	7,588,803	8,169,849	8,169,849
Allowance for credit losses on loans	(4,331)		(2,265)	(1,300)	0
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Gross loans held for investment	6,196,653	$ 3,444,701	6,008,040
Allowance for credit losses on loans	$ (31,686)		$ (30,275)	$ (54,906)	$ (52,595)

Loans Held for Investment and_4

Loans Held for Investment and Allowance for Loan Losses - Loans by Credit Quality Grade (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 717,394
2019	5,018,731
2018	2,949,710
2017	2,157,452
2016	977,430
2015 and prior	6,862,431
Revolving lines of credit	5,696,803
Revolving lines of credit converted to term loans	139,244
Total	24,519,195		$ 24,736,642
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2020	165,081
2019	3,141,829
2018	858,267
2017	515,181
2016	384,225
2015 and prior	399,459
Revolving lines of credit	3,894,353
Revolving lines of credit converted to term loans	43,855
Total	9,402,250	$ 10,230,828	9,133,444
Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	164,393
2019	3,097,118
2018	828,225
2017	488,711
2016	357,598
2015 and prior	350,754
Revolving lines of credit	3,768,821
Revolving lines of credit converted to term loans	37,506
Total	9,093,126
Commercial | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	12,122
2018	21,109
2017	1,629
2016	13,372
2015 and prior	13,351
Revolving lines of credit	57,836
Revolving lines of credit converted to term loans	3,636
Total	123,055
Commercial | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	688
2019	26,003
2018	8,057
2017	14,473
2016	11,860
2015 and prior	10,602
Revolving lines of credit	50,790
Revolving lines of credit converted to term loans	1,643
Total	124,116
Commercial | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	6,586
2018	876
2017	10,368
2016	1,395
2015 and prior	24,752
Revolving lines of credit	16,906
Revolving lines of credit converted to term loans	1,070
Total	61,953
Energy
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	63,962
2018	81,883
2017	34,407
2016	11,822
2015 and prior	84,653
Revolving lines of credit	1,052,199
Revolving lines of credit converted to term loans	2,563
Total	1,331,489		1,425,309
Energy | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	20,525
2018	15,183
2017	25,163
2016	0
2015 and prior	59,578
Revolving lines of credit	961,833
Revolving lines of credit converted to term loans	714
Total	1,082,996
Energy | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	10,000
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	50,024
Revolving lines of credit converted to term loans	0
Total	60,024
Energy | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	2,556
2018	0
2017	6,105
2016	0
2015 and prior	14,386
Revolving lines of credit	13,564
Revolving lines of credit converted to term loans	0
Total	36,611
Energy | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	40,881
2018	56,700
2017	3,139
2016	11,822
2015 and prior	10,689
Revolving lines of credit	26,778
Revolving lines of credit converted to term loans	1,849
Total	151,858
Mortgage finance
Financing Receivable, Credit Quality Indicator [Line Items]
2020	282,291
2019	623,955
2018	673,328
2017	492,038
2016	67,179
2015 and prior	5,450,012
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	7,588,803	8,169,849	8,169,849
Mortgage finance | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	282,291
2019	623,955
2018	673,328
2017	492,038
2016	67,179
2015 and prior	5,450,012
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	7,588,803
Mortgage finance | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	0
Mortgage finance | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	0
Mortgage finance | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	0
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2020	270,022
2019	1,188,985
2018	1,336,232
2017	1,115,826
2016	514,204
2015 and prior	928,307
Revolving lines of credit	750,251
Revolving lines of credit converted to term loans	92,826
Total	6,196,653	$ 3,444,701	$ 6,008,040
Real Estate | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,771,182
Real Estate | Commercial Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	133,556
2019	733,076
2018	951,198
2017	811,991
2016	284,324
2015 and prior	640,181
Revolving lines of credit	87,979
Revolving lines of credit converted to term loans	44,327
Total	3,686,632
Real Estate | Commercial Real Estate | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	16,484
2017	20,918
2016	9,558
2015 and prior	12,908
Revolving lines of credit	0
Revolving lines of credit converted to term loans	1,883
Total	61,751
Real Estate | Commercial Real Estate | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	21,305
Revolving lines of credit	0
Revolving lines of credit converted to term loans	1,250
Total	22,555
Real Estate | Commercial Real Estate | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	244
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	244
Real Estate | Residential Homebuilder Finance
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,101,493
Real Estate | Residential Homebuilder Finance | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	36,669
2019	218,642
2018	143,204
2017	39,091
2016	15,521
2015 and prior	13,968
Revolving lines of credit	633,422
Revolving lines of credit converted to term loans	0
Total	1,100,517
Real Estate | Residential Homebuilder Finance | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	689
2018	287
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	976
Real Estate | Residential Homebuilder Finance | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	0
Real Estate | Residential Homebuilder Finance | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	0
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	0
Real Estate | Other Financing Receivable
Financing Receivable, Credit Quality Indicator [Line Items]
Total	945,873
Real Estate | Other Financing Receivable | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	84,156
2019	167,071
2018	138,751
2017	170,548
2016	107,942
2015 and prior	184,010
Revolving lines of credit	23,390
Revolving lines of credit converted to term loans	39,043
Total	914,911
Real Estate | Other Financing Receivable | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	5,969
2017	312
2016	2,911
2015 and prior	8,178
Revolving lines of credit	0
Revolving lines of credit converted to term loans	6,323
Total	23,693
Real Estate | Other Financing Receivable | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	531
2017	701
2016	0
2015 and prior	2,348
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	3,580
Real Estate | Other Financing Receivable | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	594
2018	0
2017	0
2016	0
2015 and prior	3,095
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	3,689
Real Estate | Secured by 1-4 family
Financing Receivable, Credit Quality Indicator [Line Items]
Total	378,105
Real Estate | Secured by 1-4 family | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2020	15,641
2019	68,913
2018	79,808
2017	72,265
2016	93,948
2015 and prior	40,231
Revolving lines of credit	5,460
Revolving lines of credit converted to term loans	0
Total	376,266
Real Estate | Secured by 1-4 family | Special mention
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	309
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	309
Real Estate | Secured by 1-4 family | Substandard-accruing
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	109
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	109
Real Estate | Secured by 1-4 family | Non-accrual
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0
2019	0
2018	0
2017	0
2016	0
2015 and prior	1,421
Revolving lines of credit	0
Revolving lines of credit converted to term loans	0
Total	$ 1,421

Loans Held for Investment and_5

Loans Held for Investment and Allowance for Loan Losses - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 195,047	$ 191,522
Provision for credit losses on loans	95,029	21,639
Charge-offs	58,383	4,865
Recoveries	680	277
Net charge-offs (recoveries)	57,703	4,588
Ending balance	240,958	208,573
Cumulative Effect, Period Of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	8,585
Ending balance
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	102,254	96,814
Provision for credit losses on loans	24,902	12,872
Charge-offs	20,653	4,865
Recoveries	257	277
Net charge-offs (recoveries)	20,396	4,588
Ending balance	91,020	105,098
Commercial | Cumulative Effect, Period Of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	(15,740)
Ending balance
Energy
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	60,253	34,882
Provision for credit losses on loans	66,821	12,387
Charge-offs	37,730	0
Recoveries	423	0
Net charge-offs (recoveries)	37,307	0
Ending balance	113,921	47,269
Energy | Cumulative Effect, Period Of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	24,154
Ending balance
Mortgage finance
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,265	0
Provision for credit losses on loans	35	1,300
Charge-offs	0	0
Recoveries	0	0
Net charge-offs (recoveries)	0	0
Ending balance	4,331	1,300
Mortgage finance | Cumulative Effect, Period Of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,031
Ending balance
Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	30,275	52,595
Provision for credit losses on loans	3,271	2,311
Charge-offs	0	0
Recoveries	0	0
Net charge-offs (recoveries)	0	0
Ending balance	31,686	54,906
Real Estate | Cumulative Effect, Period Of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	(1,860)
Ending balance
Additional Qualitative Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0	7,231
Provision for credit losses on loans	0	(7,231)
Charge-offs	0	0
Recoveries	0	0
Net charge-offs (recoveries)	0	0
Ending balance	0	$ 0
Additional Qualitative Reserve | Cumulative Effect, Period Of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 0
Ending balance

Loans Held for Investment and_6

Loans Held for Investment and Allowance for Loan Losses - Impact of Adoption Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Jan. 01, 2020	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses on off-balance sheet exposures	$ 10,174	$ 8,640	$ 9,795	$ 8,640	$ 11,434
Provision for credit losses	96,000		20,000
Net charge-offs	57,703		4,588
Loans held for investment	24,519,195	24,736,642
Criticized
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans held for investment	675,900	584,100	602,800
Leveraged Lending
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net charge-offs	15,600	12,800	4,600
Energy
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net charge-offs	37,307		$ 0
Loans held for investment	1,331,489	$ 1,425,309
Pandemic Economic Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for credit losses	30,000
Amount proactively downgraded	1,800,000
Cumulative Effect, Period Of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses, including off-balance sheet liabilities				9,100
Allowance for credit losses on off-balance sheet exposures				563
Provision for credit losses	$ 96,000
Cumulative Effect, Period Of Adoption, Adjustment | Energy
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans held for investment				$ 1,425,309

Loans Held for Investment and_7

Loans Held for Investment and Allowance for Loan Losses - Collateral Dependent (Details) $ in Thousands	Mar. 31, 2020USD ($)
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	$ 177,812
Business Assets
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	24,752
Real Estate
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	1,202
Energy Collateral
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	151,858
Commercial
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	24,752
Commercial | Business Assets
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	24,752
Commercial | Real Estate
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	0
Commercial | Energy Collateral
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	0
Energy
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	151,858
Energy | Business Assets
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	0
Energy | Real Estate
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	0
Energy | Energy Collateral
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	151,858
Real Estate | Secured by 1-4 family
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	1,202
Real Estate | Secured by 1-4 family | Business Assets
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	0
Real Estate | Secured by 1-4 family | Real Estate
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	1,202
Real Estate | Secured by 1-4 family | Energy Collateral
Financing Receivable, Past Due [Line Items]
Collateral-dependent Loans	$ 0

Loans Held for Investment and_8

Loans Held for Investment and Allowance for Loan Losses - Age Analysis (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Jan. 01, 2020
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 82,718,000
Non-accrual	219,165,000		$ 225,400,000
Current	24,217,312,000
Total	24,519,195,000	$ 24,736,642,000
Non-accrual With No Allowance	62,513,000
Premium finance loans past due and still accruing	8,600,000
Nonaccrual, interest income	0	0
Interest income reversed	393,000
30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	51,788,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	9,656,000
Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	21,274,000
Commercial
Financing Receivable, Past Due [Line Items]
Total Past Due	55,042,000
Non-accrual	61,953,000		88,600,000
Current	9,285,255,000
Total	9,402,250,000	9,133,444,000	10,230,828,000
Non-accrual With No Allowance	16,903,000
Commercial | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	26,013,000
Commercial | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	9,656,000
Commercial | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	19,373,000
Energy
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Non-accrual	151,858,000		125,000,000
Current	1,179,631,000
Total	1,331,489,000	1,425,309,000
Non-accrual With No Allowance	40,719,000
Energy | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Energy | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Energy | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Mortgage finance
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Non-accrual	0
Current	7,588,803,000
Total	7,588,803,000	8,169,849,000	8,169,849,000
Non-accrual With No Allowance	0
Mortgage finance | 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Mortgage finance | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Mortgage finance | Greater Than 90 Days
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,196,653,000	$ 6,008,040,000	3,444,701,000
Real Estate | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	11,138,000
Non-accrual	244,000		9,400,000
Current	3,759,800,000
Total	3,771,182,000
Non-accrual With No Allowance	0
Real Estate | Residential Homebuilder Finance
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Non-accrual	0
Current	1,101,493,000
Total	1,101,493,000
Non-accrual With No Allowance	0
Real Estate | Other Financing Receivable
Financing Receivable, Past Due [Line Items]
Total Past Due	16,395,000
Non-accrual	3,689,000		881,000
Current	925,789,000
Total	945,873,000
Non-accrual With No Allowance	3,689,000
Real Estate | Secured by 1-4 family
Financing Receivable, Past Due [Line Items]
Total Past Due	143,000
Non-accrual	1,421,000		$ 1,400,000
Current	376,541,000
Total	378,105,000
Non-accrual With No Allowance	1,202,000
Real Estate | 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	9,301,000
Real Estate | 30 to 59 Days Past Due | Residential Homebuilder Finance
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | 30 to 59 Days Past Due | Other Financing Receivable
Financing Receivable, Past Due [Line Items]
Total Past Due	16,395,000
Real Estate | 30 to 59 Days Past Due | Secured by 1-4 family
Financing Receivable, Past Due [Line Items]
Total Past Due	79,000
Real Estate | 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | 60 to 89 Days Past Due | Residential Homebuilder Finance
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | 60 to 89 Days Past Due | Other Financing Receivable
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | 60 to 89 Days Past Due | Secured by 1-4 family
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | Greater Than 90 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Past Due	1,837,000
Real Estate | Greater Than 90 Days | Residential Homebuilder Finance
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | Greater Than 90 Days | Other Financing Receivable
Financing Receivable, Past Due [Line Items]
Total Past Due	0
Real Estate | Greater Than 90 Days | Secured by 1-4 family
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 64,000

Loans Held for Investment and_9

Loans Held for Investment and Allowance for Loan Losses - Restructured Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)loan	Mar. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual loans that met the criteria for restructured		$ 22,300	$ 35,100
Number of Contracts | loan	1
Loans modified as restructured loans	$ 22,540
Aggregate number of loans modified | loan		146
Aggregate interest deferred		$ 3,700
Extended maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | loan	1
Loans modified as restructured loans	$ 22,540
Adjusted payment schedule
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | loan	0
Loans modified as restructured loans	$ 0
Energy
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | loan	1
Loans modified as restructured loans	$ 22,540
Energy | Extended maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | loan	1
Loans modified as restructured loans	$ 22,540
Energy | Adjusted payment schedule
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | loan	0
Loans modified as restructured loans	$ 0

OREO and Valuation Allowance _3

OREO and Valuation Allowance for Losses on OREO (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other Real Estate [Roll Forward]
Beginning balance	$ 0	$ 0
Sales	0	0
Valuation allowance for OREO	0	0
Ending balance	$ 0	$ 0

Certain Transfers of Financia_3

Certain Transfers of Financial Assets Certain Transfers of Financial Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Outstanding balance:
Beginning balance	$ 2,568,362	$ 1,949,785
Loans purchased and originated	2,356,710	1,550,059
Payments and loans sold	(4,165,492)	(1,617,518)
Ending balance	759,580	1,882,326
Fair value adjustment:
Fair value over (under) outstanding balance	8,772	19,689
Increase/(decrease) to fair value	5,712	(378)
Fair value over (under) outstanding balance	14,484	19,311
Loans held for sale	774,064	1,901,637	$ 2,577,134
Small Business Administration Loans [Member]
Fair value adjustment:
Fair value over (under) outstanding balance	$ 5,800	$ 299

Certain Transfers of Financia_4

Certain Transfers of Financial Assets (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale	$ 759,580,000	$ 1,882,326,000	$ 2,568,362,000	$ 1,949,785,000
Total Past Due	82,718,000
Estimated exposure related to servicing assets	3,500,000		3,600,000
Principal amount outstanding of loans in servicing portfolio	8,300,000,000		6,700,000,000
Escrow deposits related to servicing portfolio	99,100,000		63,700,000
Losses due to repurchase indemnification and make-whole obligations	2,100,000	162,000
Greater Than 90 Days
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale	9,000,000		8,200,000
Total Past Due	21,274,000
Mortgage servicing rights
Loans and Leases Receivable Disclosure [Line Items]
Impairment charges	10,000,000	$ 2,900,000
Government guarantees | Greater Than 90 Days
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale	5,800,000		6,000,000
Government guarantees | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Greater Than 90 Days
Loans and Leases Receivable Disclosure [Line Items]
Total Past Due	2,900,000
Non-accrual
Loans and Leases Receivable Disclosure [Line Items]
Loans held for sale	$ 0		$ 0

Certain Transfers of Financia_5

Certain Transfers of Financial Assets (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Valuation Allowance for Impairment of Recognized Servicing Assets, Sales and Disposals [Abstract]
Valuation allowance, beginning balance	$ 3,600
Valuation allowance, ending balance	3,500
Mortgage Servicing Rights
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance, beginning of year	70,707	$ 42,474
Capitalized servicing rights	20,615	6,138
Amortization	(4,885)	(1,593)
Sales	0	0
Balance, end of period	86,437	47,019
Valuation Allowance for Impairment of Recognized Servicing Assets, Sales and Disposals [Abstract]
Valuation allowance, beginning balance	5,803	0
Increase in valuation allowance	10,015	2,931
Valuation allowance, ending balance	15,818	2,931
MSRs, net	70,619	44,088
Fair value	$ 70,619	$ 44,691

Certain Transfers of Financia_6

Certain Transfers of Financial Assets (Details 3) - Mortgage Servicing Rights	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities [Line Items]
Average discount rates (percent)	9.08%	9.06%
Expected prepayment speeds (percent)	14.51%	13.11%
Weighted-average life, in years	5 years 4 months 24 days	5 years 9 months 18 days

Certain Transfers of Financia_7

Certain Transfers of Financial Assets Certain Transfers of Financial Assets (Details 4) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Transfers and Servicing [Abstract]
50 bp adverse change in prepayment speed	$ (8,338)	$ (10,768)
100 bp adverse change in prepayment speed	$ (10,091)	$ (17,965)

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Beginning balance of allowance for off-balance sheet credit losses	$ 8,640	$ 11,434
Provision for off-balance sheet credit losses	971	(1,639)
Ending balance of allowance for off-balance sheet credit losses	10,174	$ 9,795
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet liability	7,301,491		$ 8,066,655
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet liability	$ 255,399		$ 261,405

Regulatory Restrictions (Detail

Regulatory Restrictions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2009
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Assets	$ 35,879,416	$ 32,548,069		$ 15,000,000
Mortgage finance(1)	7,588,803	8,169,849
Mortgage Finance, Average Balance	7,100,000
Common Equity Tier 1 [Abstract]
CET1, actual amount	2,646,323	2,653,999
Total capital (to risk-weighted assets):
Total capital (to risk weighted assets), actual amount	3,415,854	3,398,345
Tier 1 capital (to risk-weighted assets):
Tier 1 capital (to risk-weighted assets), actual amount	2,901,225	2,912,529
Tier 1 capital (to average assets):
Tier 1 capital (to average assets), actual amount	$ 2,901,225	$ 2,912,529
Risk Based Ratios [Abstract]
CET1, actual ratio	9.27%	8.88%
Total capital (to risk weighted assets), actual ratio	11.96%	11.37%
Tier 1 capital (to risk-weighted assets), actual ratio	10.16%	9.75%
Tier 1 capital (to average assets), actual ratio	8.48%	8.42%
Bank
Common Equity Tier 1 [Abstract]
CET1, actual amount	$ 2,673,198	$ 2,676,513
CET1 to be well capitalized under prompt corrective action provisions, amount	1,853,888	1,941,522
Total capital (to risk-weighted assets):
Total capital (to risk weighted assets), actual amount	3,283,989	3,262,144
Total capital (to risk weighted assets) to be well capitalized under prompt corrective action provisions, amount	2,852,135	2,986,957
Tier 1 capital (to risk-weighted assets):
Tier 1 capital (to risk-weighted assets), actual amount	2,828,100	2,835,043
Tier 1 capital (to risk weighted assets) to be well capitalized under prompt corrective action provisions, amount	2,281,708	2,389,565
Tier 1 capital (to average assets):
Tier 1 capital (to average assets), actual amount	2,828,100	2,835,043
Tier 1 capital (to average assets) to be well capitalized under prompt corrective action provisions, amount	$ 1,710,181	$ 1,728,988
Risk Based Ratios [Abstract]
CET1, actual ratio	9.37%	8.96%
CET1 to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
Total capital (to risk weighted assets), actual ratio	11.51%	10.92%
Total capital (to risk weighted assets) to be well capitalized under prompt corrective action provisions, ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), actual ratio	9.92%	9.49%
Tier 1 capital (to risk weighted assets) to be well capitalized under prompt corrective action provisions, ratio	8.00%	8.00%
Tier 1 capital (to average assets), actual ratio	8.27%	8.20%
Tier 1 capital (to average assets) to be well capitalized under prompt corrective action provisions, ratio	5.00%	5.00%
Basel III, Phased-In
Common Equity Tier 1 [Abstract]
CET1 for capital adequacy purposes, amount	$ 1,998,473	$ 2,091,591
Total capital (to risk-weighted assets):
Total capital (to risk weighted assets) for capital adequacy purposes, amount	2,997,710	3,137,926
Tier 1 capital (to risk-weighted assets):
Tier 1 capital (to risk-weighted assets) for capital adequacy purposes, amount	2,426,717	2,540,226
Tier 1 capital (to average assets):
Tier 1 capital (to average assets) for capital adequacy purposes, amount	$ 1,368,689	$ 1,383,640
Risk Based Ratios [Abstract]
CET1 for capital adequacy purposes, ratio	7.00%	7.00%
Total capital (to risk weighted assets) for capital adequacy purposes, ratio	10.50%	10.50%
Tier 1 capital (to risk-weighted assets) for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 capital (to average assets) for capital adequacy purposes, ratio	4.00%	4.00%
Tier 1 capital (to average assets) to be well capitalized under prompt corrective action provisions, ratio			2.50%
Basel III, Phased-In | Bank
Common Equity Tier 1 [Abstract]
CET1 for capital adequacy purposes, amount	$ 1,996,495	$ 2,090,870
Total capital (to risk-weighted assets):
Total capital (to risk weighted assets) for capital adequacy purposes, amount	2,994,742	3,136,305
Tier 1 capital (to risk-weighted assets):
Tier 1 capital (to risk-weighted assets) for capital adequacy purposes, amount	2,424,315	2,538,913
Tier 1 capital (to average assets):
Tier 1 capital (to average assets) for capital adequacy purposes, amount	$ 1,368,145	$ 1,383,190
Risk Based Ratios [Abstract]
CET1 for capital adequacy purposes, ratio	7.00%	7.00%
Total capital (to risk weighted assets) for capital adequacy purposes, ratio	10.50%	10.50%
Tier 1 capital (to risk-weighted assets) for capital adequacy purposes, ratio	8.50%	8.50%
Tier 1 capital (to average assets) for capital adequacy purposes, ratio	4.00%	4.00%

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 3,369	$ 4,488
Unrecognized compensation expense related to unvested stock-settled awards	$ 34,996
Weighted average period over which unrecognized compensation expense is expected to be recognized (in years)	3 years 3 months 18 days
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0	6
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	3,219	2,407
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	8	10
Cash-settled performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 142	$ 2,065
Long-Term Incentive Plan 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under the plan	2,550,000

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	$ 204,177	$ 214,257
Investment securities	204,177	214,257
Loans held for sale	774,100	2,571,300
Tax-exempt asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	191,474	197,027
Credit risk transfer securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	8,015	11,964
Fair value measurements, recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Non-qualified deferred compensation plan liabilities	17,668	18,484
Fair value measurements, recurring basis | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, recurring basis | Level 1 | Tax-exempt asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, recurring basis | Level 1 | Credit risk transfer securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, recurring basis | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	17,368	18,484
Fair value measurements, recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	767,370	2,564,281
Derivative liabilities		51,310
Non-qualified deferred compensation plan liabilities	0	0
Fair value measurements, recurring basis | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	4,688	5,266
Fair value measurements, recurring basis | Level 2 | Tax-exempt asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, recurring basis | Level 2 | Credit risk transfer securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, recurring basis | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	7,239	7,130
Fair value measurements, recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	6,694	7,043
Derivative assets	0	0
Derivative liabilities	0	0
Non-qualified deferred compensation plan liabilities	0	0
Fair value measurements, recurring basis | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, recurring basis | Level 3 | Tax-exempt asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	191,474	197,027
Fair value measurements, recurring basis | Level 3 | Credit risk transfer securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	8,015	11,964
Fair value measurements, recurring basis | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Fair value measurements, nonrecurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	0	0
Fair value measurements, nonrecurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	0	0
Fair value measurements, nonrecurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans	121,037	109,585
Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		48,684
Derivative liabilities		51,310
Not Designated as Hedging Instrument [Member] | Fair value measurements, recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	125,913	$ 48,684
Derivative liabilities	$ 126,459

Fair Value Disclosures (Detai_2

Fair Value Disclosures (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Tax-exempt asset-backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at Beginning of Period	$ 197,027	$ 95,804
Purchases / Additions	0	92,010
Sales / Reductions	(4,353)	0
Realized	0	0
Unrealized	(1,200)	4,030
Balance at End of Period	191,474	191,844
Credit risk transfer securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at Beginning of Period	11,964	0
Purchases / Additions	0	15,044
Sales / Reductions	0	0
Realized	0	(331)
Unrealized	(3,949)	(4,076)
Balance at End of Period	8,015	10,637
Loans Held For Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at Beginning of Period	7,043	16,415
Purchases / Additions	213	0
Sales / Reductions	(684)	(3,878)
Realized	28	216
Unrealized	94	293
Balance at End of Period	$ 6,694	$ 13,046

Fair Value Disclosures (Detai_3

Fair Value Disclosures (Details 2) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Impaired loans
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
Asset measured on nonrecurring basis, reported fair value	$ 121		$ 109.6
Asset measured on nonrecurring basis, carrying value	177.8		$ 145.4
Asset measured on nonrecurring basis, specific valuation allowance	$ 56.8	$ 35.8
Measurement Input, Discount Rate
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans Held-for-sale, measurement input	0.950		0.941
Minimum | Tax-exempt asset-backed securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, term	5 years 6 months
Minimum | Credit risk transfer securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, term	6 years 9 months 18 days
Minimum | Measurement Input, Discount Rate | Tax-exempt asset-backed securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, measurement input	0.0304
Minimum | Measurement Input, Discount Rate | Credit risk transfer securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, measurement input	0.0735
Maximum | Tax-exempt asset-backed securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, term	8 years
Maximum | Credit risk transfer securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, term	11 years 4 months 24 days
Maximum | Measurement Input, Discount Rate | Tax-exempt asset-backed securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, measurement input	0.0305
Maximum | Measurement Input, Discount Rate | Credit risk transfer securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, measurement input	0.1374
Weighted Average | Measurement Input, Discount Rate | Tax-exempt asset-backed securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, measurement input	0.0305		0.0299
AFS, term	6 years 9 months 18 days		7 years
Weighted Average | Measurement Input, Discount Rate | Credit risk transfer securities
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Line Items]
AFS, measurement input	0.0948		0.0454
AFS, term	8 years 4 months 24 days		9 years 3 months 18 days

Fair Value Disclosures (Detai_4

Fair Value Disclosures (Details 3) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	$ 204,177	$ 214,257
Loans held for sale	774,100	2,571,300
Subordinated notes	282,219	282,129
Level 1 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	17,368	18,484
Level 1 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	9,660,575	4,425,583
Investment securities	17,368	18,484
Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	11,927	12,396
Loans held for sale	767,370	2,570,091
Derivative assets		48,684
Federal funds purchased	289,165	132,270
Customer repurchase agreements	6,102	9,496
Other borrowings	4,900,000	2,400,000
Subordinated notes	282,219	282,129
Trust preferred subordinated debentures	113,406	113,406
Derivative liabilities		51,310
Level 2 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	11,927	12,396
Loans held for sale	767,370	2,570,091
Derivative assets	125,913	48,684
Federal funds purchased	289,165	132,270
Customer repurchase agreements	6,102	9,496
Other borrowings	4,900,000	2,400,000
Subordinated notes	281,793	292,302
Trust preferred subordinated debentures	113,406	113,406
Derivative liabilities	126,459	51,310
Level 3 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	199,489	208,991
Loans held for sale	6,694	7,043
Loans held for investment, net	24,205,424	24,451,215
Deposits	27,134,263	26,478,593
Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities	199,489	208,991
Loans held for sale	6,694	7,043
Loans held for investment, net	24,170,104	24,478,586
Deposits	$ 30,302,466	$ 29,357,121

Derivative Financial Instrume_3

Derivative Financial Instruments (Details 1) - Non-hedging - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Estimated fair value, asset derivative	$ 125,913	$ 48,866
Estimated fair value, liability derivative	126,459	51,492
Offsetting derivative liabilities	0	(182)
Offsetting derivative assets	0	(182)
Net asset derivatives included in the consolidated balance sheets		48,684
Net liability derivatives included in the consolidated balance sheets		51,310
Interest rate contract | Loan purchase commitments
Derivative [Line Items]
Notional amount	636,277	214,012
Estimated fair value, asset derivative	11,690	1,965
Estimated fair value, liability derivative	5	4
Interest rate contract | Loan purchase commitments
Derivative [Line Items]
Notional amount	820,553	2,654,653
Estimated fair value, asset derivative	0	0
Estimated fair value, liability derivative	12,231	4,587
Financial institution counterparties | Commercial loan/lease | Interest rate swap
Derivative [Line Items]
Notional amount	1,929,103	1,548,234
Estimated fair value, asset derivative	0	182
Estimated fair value, liability derivative	113,742	46,518
Financial institution counterparties | Commercial loan/lease | Interest rate cap
Derivative [Line Items]
Notional amount	665,317	639,163
Estimated fair value, asset derivative	64	32
Estimated fair value, liability derivative	0	0
Financial institution counterparties | Commercial loan/lease | Foreign currency forward contracts
Derivative [Line Items]
Notional amount	2,971	2,219
Estimated fair value, asset derivative	417	169
Estimated fair value, liability derivative	0	0
Customer counterparties | Commercial loan/lease | Interest rate swap
Derivative [Line Items]
Notional amount	1,929,103	1,548,234
Estimated fair value, asset derivative	113,742	46,518
Estimated fair value, liability derivative	0	182
Customer counterparties | Commercial loan/lease | Interest rate cap
Derivative [Line Items]
Notional amount	665,317	639,163
Estimated fair value, asset derivative	0	0
Estimated fair value, liability derivative	64	32
Customer counterparties | Commercial loan/lease | Foreign currency forward contracts
Derivative [Line Items]
Notional amount	2,971	2,219
Estimated fair value, asset derivative	0	0
Estimated fair value, liability derivative	$ 417	$ 169

Derivative Financial Instrume_4

Derivative Financial Instruments Derivative Financial Instruments (Details 2) - Non-hedging - Commercial loan/lease - Interest rate swap	Mar. 31, 2020	Dec. 31, 2019
Interest rate received
Derivative [Line Items]
Weighted average fixed interest rate	3.27%	3.94%
Interest rate paid
Derivative [Line Items]
Weighted average fixed interest rate	2.19%	3.26%

Derivative Financial Instrume_5

Derivative Financial Instruments Derivative Financial Instruments (Details 3) $ in Thousands	Mar. 31, 2020USD ($)instrument	Dec. 31, 2019USD ($)instrument
Derivative [Line Items]
Cash collateral pledged for derivatives	$ 151,300	$ 56,600
Risk participation agreement - participant bank
Derivative [Line Items]
Instruments held | instrument	10	12
Maximum exposure	$ 7,000	$ 3,600
Notional amount	$ 136,500	$ 146,700
Risk participation agreement - lead bank
Derivative [Line Items]
Instruments held | instrument	8	12
Notional amount	$ 80,800	$ 145,900
Non-hedging | Commercial loan/lease
Derivative [Line Items]
Credit risk exposure, net of collateral pledged, relating to derivatives	$ 125,900	$ 48,700
Non-hedging | Interest rate cap | Commercial loan/lease
Derivative [Line Items]
Weighted average fixed interest rate	3.31%	3.29%
Interest-bearing deposits
Derivative [Line Items]
Cash collateral pledged for derivatives	$ 125,400	$ 54,300
Other assets
Derivative [Line Items]
Cash collateral pledged for derivatives	$ 25,900	$ 2,300

Uncategorized Items - a3312020-

Label	Element	Value	[1]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (7,154,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (7,154,000)
[1]	Represents the impact of adopting Accounting Standard Update ("ASU") 2016-13. See Note 1 to the consolidated financial statements for more information.