Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'PACWEST BANCORP | ' |
Entity Central Index Key | '0001102112 | ' |
Document Period End Date | 30-Jun-14 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 101,911,599 |
Entity Well-known Seasoned Issuer | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash Equivalents, at Carrying Value [Abstract] | ' | ' |
Cash and due from banks | $243,583 | $96,424 |
Interest-bearing deposits in other banks | 119,782 | 50,998 |
Cash and Cash Equivalents, at Carrying Value | 363,365 | 147,422 |
Investments Schedule [Abstract] | ' | ' |
Securities Available For Sale Including Covered Securities | 1,552,115 | 1,494,745 |
Federal Home Loan Bank Stock | 49,983 | 27,939 |
Total Investments | 1,602,098 | 1,522,684 |
Loans and Leases Receivable Gross Carrying Amount Covered And Noncovered | 11,200,524 | 4,313,335 |
Less deferred loan fees and discounts | -10,419 | -983 |
Loans and Leases Receivable Allowance Covered And Noncovered | -82,149 | -82,034 |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 11,107,956 | 4,230,318 |
Equipment Leased To Others Under Operating Leases | 127,289 | 0 |
Property, Plant and Equipment, Net | 40,440 | 32,435 |
Other Real Estate Owned Net Covered and Noncovered including Foreclosed Assets | 53,821 | 55,891 |
Goodwill | 1,725,153 | 208,743 |
Finite Lived Core Deposits Customer Relations Net | 20,431 | 17,248 |
FDIC Indemnification Asset | 28,834 | 45,524 |
Deferred tax assets, net | 342,105 | 79,636 |
Other assets | 273,374 | 193,462 |
Total assets | 15,684,866 | 6,533,363 |
Liabilities: | ' | ' |
Deposits | 2,701,434 | 2,318,446 |
Term debt - obligations of consolidated VIEs for which there is no recourse to the general credit of CapitalSource Inc. | 8,966,363 | 2,962,541 |
Total Deposits | 11,667,797 | 5,280,987 |
Other liabilities | 4,596 | 113,726 |
Subordinated Debt | 434,878 | 132,645 |
Accrued Liabilities and Other Liabilities | 139,663 | 196,912 |
Total liabilities | 12,246,934 | 5,724,270 |
Commitments and contingencies (Note 12) | 0 | 0 |
Shareholders' equity: | ' | ' |
Preferred Stock, Value, Issued | 0 | 0 |
Common stock ($0.01 par value, 1,200,000,000 shares authorized; 196,944,961 and 209,551,674 shares issued/outstanding, respectively | 1,042 | 465 |
Additional Paid in Capital | 3,878,203 | 1,286,737 |
Retained Earnings (Accumulated Deficit) | -418,787 | -454,422 |
Treasury Stock, Value | -42,647 | -20,340 |
Accumulated other comprehensive income, net | 20,121 | -3,347 |
Total shareholders' equity | 3,437,932 | 809,093 |
Total liabilities and shareholders' equity | $15,684,866 | $6,533,363 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Preferred Stock, Shares Authorized | $0.01 | $0.01 |
Preferred Stock, Value, Outstanding | 5,000,000 | 5,000,000 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 200,000,000 | 75,000,000 |
Common Stock, Shares, Issued | 104,230,629 | 45,526,124 |
Common Stock, Shares Held in Employee Trust, Shares | 1,121,850 | 216,524 |
Treasury Stock, Shares | 1,197,180 | 703,290 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest income: | ' | ' | ' | ' | ' |
Interest and Fee Income, Loans and Leases | $192,201 | $77,463 | $63,168 | $269,664 | $124,178 |
Investment securities | -11,986 | -10,823 | -8,414 | -22,809 | -16,630 |
Interest Income, Deposits with Financial Institutions | 176 | 74 | 49 | 250 | 92 |
Total interest income | 204,363 | 88,360 | 71,631 | 292,723 | 140,900 |
Interest expense: | ' | ' | ' | ' | ' |
Deposits | 7,313 | 1,225 | 2,077 | 8,538 | 4,726 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term | 199 | 79 | 199 | 278 | 343 |
Interest Expense, Subordinated Notes and Debentures | 4,318 | 1,041 | 882 | 5,359 | 1,665 |
Total interest expense | 11,830 | 2,345 | 3,158 | 14,175 | 6,734 |
Interest Income (Expense), Net | 192,533 | 86,015 | 68,473 | 278,548 | 134,166 |
Provision for Loan, Lease, and Other Losses | 5,030 | -644 | -1,842 | 4,386 | 1,295 |
Net interest income after loan and lease loss (recovery) provision | 187,503 | 86,659 | 70,315 | 274,162 | 132,871 |
Non-interest income: | ' | ' | ' | ' | ' |
Fees and Commissions, Depositor Accounts | 2,719 | 3,002 | 2,767 | 5,721 | 5,630 |
Fees and Commissions, Other | 5,743 | 1,932 | 2,154 | 7,675 | 4,087 |
Leased equipment income | 5,672 | 0 | 0 | 5,672 | 0 |
Gain (Loss) on Sale of Leased Assets, Net, Operating Leases | -485 | 106 | 279 | -379 | 504 |
Gain (Loss) on Investments | 89 | 4,752 | 0 | 4,841 | 409 |
Gain (Loss) on Investments, Excluding Other than Temporary Impairments | ' | ' | ' | -4,841 | -409 |
Federal Deposit Insurance Corporation Loss Sharing | -8,525 | -11,430 | -5,410 | -19,955 | -8,547 |
Noninterest Income, Other Operating Income | 3,266 | 6,329 | 413 | 9,595 | 960 |
Total non-interest income | 8,479 | 4,691 | 203 | 13,170 | 3,043 |
Non-interest expense: | ' | ' | ' | ' | ' |
Compensation and benefits | 45,081 | 28,627 | 26,057 | 73,708 | 51,407 |
Occupancy expenses | 11,078 | 7,595 | 7,480 | 18,673 | 14,078 |
Information Technology and Data Processing | 4,099 | 2,540 | 2,455 | 6,639 | 4,688 |
Professional fees | 2,843 | 1,523 | 1,599 | 4,366 | 3,078 |
FDIC fees and assessments | 3,179 | 1,593 | 1,267 | 4,772 | 2,528 |
Amortization of Intangible Assets | 1,677 | 1,364 | 1,284 | 3,041 | 2,460 |
Other non-interest expense, net | 12,115 | 7,288 | 6,091 | 19,403 | 11,985 |
Total operating expenses | 80,072 | 50,530 | 46,233 | 130,602 | 90,224 |
Lease Equipment Depreciation | 3,095 | 0 | 0 | 3,095 | 0 |
(Income from) expense of real estate owned and other foreclosed assets, net | 497 | -1,861 | -14 | -1,364 | -514 |
Business Combination, Acquisition Related Costs | 86,242 | 2,200 | 17,997 | 88,442 | 18,689 |
Total non-interest expense | 169,906 | 50,869 | 64,216 | 220,775 | 108,399 |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 26,076 | 40,481 | 6,302 | 66,557 | 27,515 |
Income tax expense (benefit) | -14,846 | -14,576 | -1,906 | -29,422 | -9,625 |
Net income before income taxes | 11,230 | 25,905 | 4,396 | 37,135 | 17,890 |
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | -1,151 | -1,413 | -81 | -2,564 | -81 |
Discontinued Operation, Tax Effect of Discontinued Operation | 476 | 588 | 34 | 1,064 | 34 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | -675 | -825 | -47 | -1,500 | -47 |
Net income | $10,555 | $25,080 | $4,349 | $35,635 | $17,843 |
Income (Loss) from Continuing Operations, Per Basic Share | $0.11 | $0.57 | $0.11 | $0.51 | $0.47 |
Basic income per share | $0.10 | $0.55 | $0.11 | $0.49 | $0.47 |
Income (Loss) from Continuing Operations, Per Diluted Share | $0.11 | $0.57 | $0.11 | $0.51 | $0.47 |
Diluted income per share | $0.10 | $0.55 | $0.11 | $0.49 | $0.47 |
Dividends declared per share | $0.25 | $0.25 | $0.25 | $0.50 | $0.50 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net income | $10,555 | $25,080 | $4,349 | $35,635 | $17,843 |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | 13,348 | 12,928 | -27,949 | 26,276 | -31,667 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | -52 | -2,756 | 0 | -2,808 | -237 |
Other comprehensive (loss) income, net of tax | 13,296 | 10,172 | -27,949 | 23,468 | -31,904 |
Comprehensive income | $23,851 | $35,252 | ($23,600) | $59,103 | ($14,061) |
Consolidated_Statement_of_Shar
Consolidated Statement of Shareholders' Equity (USD $) | Total | Common Stock [Member] | Shares Of Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income [Member] | CapitalSource Inc. [Member] [Member] | CapitalSource Inc. [Member] [Member] | CapitalSource Inc. [Member] [Member] | CapitalSource Inc. [Member] [Member] | CapitalSource Inc. [Member] [Member] | CapitalSource Inc. [Member] [Member] | CapitalSource Inc. [Member] [Member] |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Common Stock [Member] | Shares Of Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||
Shareholders' Equity - Beginning Balance at Dec. 31, 2013 | $809,093,000 | $465,000 | ' | $1,286,737,000 | ($454,422,000) | ($20,340,000) | ($3,347,000) | ' | ' | ' | ' | ' | ' | ' |
Shares, Outstanding | 103,033,449,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 35,635,000 | ' | ' | ' | 35,635,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 23,468,000 | 0 | 0 | 0 | 0 | 0 | 23,468,000 | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares, Issued | 104,230,629 | ' | ' | ' | ' | ' | ' | ' | ' | 56,601,997,000 | ' | ' | ' | ' |
Common Stock, Value, Issued | 1,042,000 | ' | ' | ' | ' | ' | ' | 2,594,070,000 | 566,000 | ' | 2,593,504,000 | 0 | 0 | 0 |
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited | ' | ' | 1,101,838,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock Award, Forfeitures | 30,696,000 | 11,000 | ' | 30,685,000 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' |
Treasury Stock, Retired, Cost Method, Amount | -22,307,000 | 0 | -493,890,000 | 0 | 0 | -22,307,000 | 0 | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Dividend Reinvestment Plan | ' | 670,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, Dividend Reinvestment Plan | 29,000 | 0 | ' | 29,000 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' |
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net | 4,294,000 | 0 | 0 | 4,294,000 | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | 37,046,000 | 0 | 0 | 37,046,000 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' |
Shareholders' Equity - Ending balance at Jun. 30, 2014 | $3,437,932,000 | $1,042,000 | ' | $3,878,203,000 | ($418,787,000) | ($42,647,000) | $20,121,000 | ' | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Operating activities: | ' | ' |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $35,635,000 | $17,843,000 |
Depreciation, Amortization and Accretion, Net | 18,023,000 | 15,179,000 |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 4,386,000 | 1,295,000 |
Provision for Loan and Lease Losses | 5,117,000 | 835,000 |
Gains (Losses) on Sales of Other Real Estate | 2,699,000 | 2,602,000 |
Provision for Loan Losses Expensed | 368,000 | 1,477,000 |
Gain (Loss) on Sale of Loans and Leases | -379,000 | 504,000 |
Gain (Loss) on Disposition of Property Plant Equipment | 1,571,000 | 11,000 |
Gain (Loss) on Investments, Excluding Other than Temporary Impairments | -4,841,000 | -409,000 |
Foreign Currency Transaction Gain (Loss), before Tax | 1,572,000 | 0 |
Amortization of deferred loan fees and discounts | 2,546,000 | 0 |
Unrealized Gain (Loss) on Derivatives | -1,586,000 | 0 |
Share-based Compensation | 30,696,000 | 4,145,000 |
Goodwill, Period Increase (Decrease) | 6,645,000 | 0 |
Goodwill, Impairment Loss | -6,645,000 | ' |
Excess Tax Benefit from Share-based Compensation, Operating Activities | 4,294,000 | 778,000 |
Increase (Decrease) in Income Taxes | 25,141,000 | -3,860,000 |
Increase Decrease In FDIC Loss Sharing Asset | 16,690,000 | 9,463,000 |
Increase (Decrease) in Other Operating Assets | -15,895,000 | -7,580,000 |
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | -87,303,000 | -6,809,000 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 50,618,000 | 42,009,000 |
Investing Activities: | ' | ' |
Cash Acquired from Acquisition | 346,047,000 | 273,013,000 |
Payments for (Proceeds from) Loans and Leases | 16,443,000 | -200,023,000 |
Proceeds from Sale of Loans Held-for-investment | 22,711,000 | 9,455,000 |
Proceeds from Sale and Maturity of Available-for-sale Securities | 61,914,000 | 193,561,000 |
Proceeds from Sale of Available-for-sale Securities | 466,534,000 | 12,810,000 |
Capitalized Costs To Complete Other Real Estate Owned | 163,421,000 | 388,946,000 |
Proceeds from Sale of Other Receivables | 482,724,000 | 0 |
Payments to Acquire Property, Plant, and Equipment | -24,016,000 | -7,515,000 |
Proceeds from Sale of Property, Plant, and Equipment | 11,450,000 | 15,869,000 |
Net Cash Provided by (Used in) Investing Activities | -1,967,000 | -1,301,000 |
Proceeds from Sale of Real Estate Held-for-investment | 3,753,000 | 22,000 |
Purchases Of Equipment Leased To Others Under Operating Leases | -30,462,000 | 0 |
Payments to Acquire Available-for-sale Securities | -1,267,780,000 | -322,021,000 |
Financing activities: | ' | ' |
Increase Decrease In Noninterest Bearing Domestic and Foreign Deposits | 286,370,000 | -9,132,000 |
Increase Decrease In Interest Bearing Domestic And Foreign Deposits | -232,598,000 | -277,868,000 |
Proceeds from (Repayments of) Debt | -1,101,197,000 | -2,833,000 |
Payments for Repurchase of Common Stock | 22,307,000 | 2,267,000 |
Excess Tax Benefit from Share-based Compensation, Financing Activities | 4,294,000 | 778,000 |
Payments of Ordinary Dividends, Common Stock | 37,017,000 | 18,285,000 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | -1,102,455,000 | -309,607,000 |
Noncash transactions from investing activities: | ' | ' |
Interest Paid | -12,437,000 | -7,569,000 |
Proceeds from Income Tax Refunds | 12,613,000 | 13,573,000 |
Real Estate Owned, Transfer from Real Estate Owned | 667,000 | 9,090,000 |
Net Cash Provided by (Used in) Continuing Operations | -215,943,000 | -54,423,000 |
Cash and Cash Equivalents, at Carrying Value | 363,365,000 | 218,827,000 |
Capitalsource, Inc. [Member] | ' | ' |
Noncash transactions from investing activities: | ' | ' |
Stock Issued | 2,594,070,000 | 0 |
First California Financial Group, Inc. [Domain] | ' | ' |
Noncash transactions from investing activities: | ' | ' |
Stock Issued | $0 | $242,268,000 |
Organization
Organization | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization | ' |
Note 1. Organization | |
PacWest Bancorp is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Our principal business is to serve as the holding company for our Los Angeles‑based wholly‑owned banking subsidiary, Pacific Western Bank, which we refer to as “Pacific Western” or the “Bank.” When we say “we,” “our,” or the “Company,” we mean the Company on a consolidated basis with the Bank. When we refer to “PacWest” or to the holding company, we are referring to the parent company on a stand‑alone basis. As of June 30, 2014, we had total assets of $15.7 billion, total loans and leases of $11.1 billion, total deposits of $11.7 billion and total stockholders' equity of $3.4 billion. | |
Pacific Western is a full-service commercial bank offering a broad range of banking products and services including: accepting demand, money market, and time deposits; originating loans and leases, including an array of commercial real estate loans and commercial lending products. The Bank has a foundation of locally generated and relationship-based deposits, with 81 full-service branches located throughout the state of California. Our branch operations are located primarily in Southern California extending from San Diego County to California’s Central Coast, and we operate three banking offices in the San Francisco Bay area and two offices in the Central Valley. Our targeted collateral for our real estate loan offerings includes healthcare properties, office properties, industrial properties, multifamily properties, hospitality properties, and retail properties. Our commercial loan products include equipment loans and leases, asset-based loans, lender finance loans and loans secured by borrower future cash flows. | |
As a result of the CapitalSource Inc. merger, Pacific Western Bank established the CapitalSource Division, which we also refer to as the National Lending segment. The CapitalSource Division provides on a nationwide basis a full spectrum of financing solutions across numerous industries and property types to small to middle market businesses. Pacific Western’s leasing operation, Pacific Western Equipment Finance, and its group specializing in asset-based lending, CapitalSource Business Finance Group (formerly BFI Business Finance and First Community Financial), also became part of the CapitalSource Division. The CapitalSource Division’s loan and lease origination efforts are conducted through offices located in Chevy Chase, Maryland; Los Angeles and San Jose, California; Denver, Colorado; Chicago, Illinois; New York, New York; and Midvale, Utah. When we refer to "CapitalSource Inc." we are referring to the company acquired on April 7, 2014 and when we refer to the "CapitalSource Division" we are referring to a division of Pacific Western Bank that specializes in middle-market lending on a nationwide basis. | |
We generate our revenue primarily from interest received on loans and leases and, to a lesser extent, from interest received on investment securities, and fees received in connection with deposit services, extending credit and other services offered, including foreign exchange services. Our major operating expenses are the interest paid by the Bank on deposits and borrowings, compensation and general operating expenses. | |
We have completed 27 acquisitions from May 2000 through June 30, 2014, including the acquisition of CapitalSource Inc. on April 7, 2014. Since 2000, our acquisitions have been accounted for using the acquisition method of accounting and, accordingly, the operating results of the acquired entities have been included in the condensed consolidated financial statements from their respective acquisition dates. See Note 3, Acquisitions, for more information about the CapitalSource Inc. merger and the acquisition of First California Financial Group, Inc. ("FCAL") on May 31, 2013. | |
Significant Accounting Policies | |
Except as discussed below, our accounting policies are described in Note 1, Nature of Operations and Summary of Significant Accounting Policies, of our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2013 as filed with the Securities and Exchange Commission ("Form 10-K"). | |
Basis of Presentation | |
Our interim consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X of the Securities Exchange Act of 1934. Accordingly, certain disclosures accompanying annual consolidated financial statements are omitted. In the opinion of management, all adjustments and eliminations, consisting solely of normal recurring accruals, considered necessary for the fair presentation of financial statements for the interim periods, have been included. The current period's results of operations are not necessarily indicative of the results that ultimately may be achieved for the year. The interim consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K. | |
The accompanying financial statements reflect our consolidated accounts. All significant intercompany accounts and transactions have been eliminated. | |
Use of Estimates | |
We have made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these condensed consolidated financial statements in conformity with GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the allowance for credit losses, the carrying value of intangible assets, the carrying value of the FDIC loss sharing asset, the realization of deferred tax assets, and the fair value estimates of assets acquired and liabilities assumed in acquisitions. | |
As described in Note 3, Acquisitions, the acquired assets and liabilities of CapitalSource Inc. and FCAL were measured at their estimated fair values. We made significant estimates and exercised significant judgment in estimating fair values and accounting for such acquired assets and assumed liabilities. | |
Reclassifications | |
Certain prior period amounts have been reclassified to conform to the current period’s presentation format. As of June 30, 2014, the "Leases" loan portfolio segment is included in the "Equipment finance" class category of the "Commercial" loan portfolio segment; loan-related legal expenses which were previously reported within the "Other professional services" category are reported within the "Other expense" category; and other foreclosed assets which were previously reported within the "Other assets" category are reported within the "Foreclosed assets, net" category. |
Discontinued_Operations_Discon
Discontinued Operations Discontinued Operations Notes | 6 Months Ended |
Jun. 30, 2014 | |
Discontinued Operations and Disposal Groups [Abstract] | ' |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' |
Note 2. Discontinued Operations | |
Discontinued operations include the income and expense related to Electronic Payment Services ("EPS"), a discontinued division of the Bank acquired in connection with the FCAL acquisition. For the three months ended June 30, 2014, the EPS division recorded no revenues and a pre-tax loss of $1.2 million. For the six months ended June 30, 2014, the EPS division recorded no revenues and a pre-tax loss of $2.6 million. Liabilities of the EPS division, which consist primarily of noninterest‑bearing deposits, are included in the condensed consolidated balance sheets under the caption “Accrued interest payable and other liabilities.” For segment reporting purposes, the EPS division is included in our PWB Community Banking segment. |
Acquisitions_Acquisitions_Note
Acquisitions Acquisitions Notes | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Business Combination Disclosure [Text Block] | ' | |||||||||||||||
Note 3. Acquisitions | ||||||||||||||||
The following assets acquired and liabilities assumed of CapitalSource Inc. and FCAL are presented at estimated fair value as of their respective acquisition dates: | ||||||||||||||||
Acquisition and Date Acquired | ||||||||||||||||
CapitalSource Inc. | First California Financial Group | |||||||||||||||
7-Apr-14 | 31-May-13 | |||||||||||||||
(In thousands) | ||||||||||||||||
Assets Acquired: | ||||||||||||||||
Cash and due from banks | $ | 768,553 | $ | 6,124 | ||||||||||||
Interest‑earning deposits in financial institutions | 60,612 | 266,889 | ||||||||||||||
Investment securities available‑for‑sale | 383,723 | 4,444 | ||||||||||||||
FHLB SF stock | 46,060 | 9,518 | ||||||||||||||
Loans and leases | 6,886,035 | 1,049,613 | ||||||||||||||
Equipment leased to others under operating leases | 160,015 | — | ||||||||||||||
Premises and equipment | 12,663 | 15,322 | ||||||||||||||
Foreclosed assets | 6,382 | 13,772 | ||||||||||||||
FDIC loss sharing asset | — | 17,241 | ||||||||||||||
Income tax assets | 300,310 | 33,360 | ||||||||||||||
Goodwill | 1,523,055 | 129,070 | ||||||||||||||
Core deposit and customer relationship intangibles | 6,720 | 7,927 | ||||||||||||||
Other assets | 580,499 | 27,576 | ||||||||||||||
Total assets acquired | $ | 10,734,627 | $ | 1,580,856 | ||||||||||||
Liabilities Assumed: | ||||||||||||||||
Noninterest‑bearing deposits | $ | 4,631 | $ | 361,166 | ||||||||||||
Interest‑bearing deposits | 6,236,419 | 739,713 | ||||||||||||||
Other borrowings | 992,109 | — | ||||||||||||||
Subordinated debentures | 300,918 | 24,061 | ||||||||||||||
Discontinued operations | — | 184,619 | ||||||||||||||
Accrued interest payable and other liabilities | 123,362 | 19,729 | ||||||||||||||
Total liabilities assumed | $ | 7,657,439 | $ | 1,329,288 | ||||||||||||
Total consideration paid | $ | 3,077,188 | $ | 251,568 | ||||||||||||
Summary of consideration: | ||||||||||||||||
Cash paid | $ | 483,118 | $ | — | ||||||||||||
PacWest common stock issued | 2,594,070 | 242,268 | ||||||||||||||
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value) | — | 9,300 | ||||||||||||||
Total | $ | 3,077,188 | $ | 251,568 | ||||||||||||
CapitalSource Inc. Merger | ||||||||||||||||
We acquired CapitalSource Inc. on April 7, 2014. As part of the merger, CapitalSource Bank (“CSB”), a wholly‑owned subsidiary of CapitalSource Inc., merged with and into Pacific Western Bank. We completed the merger in order to augment our loan and lease generation capabilities and to diversify our loan portfolio. | ||||||||||||||||
Upon closing, we created the CapitalSource Division of the Bank. The CapitalSource Division provides on a nationwide basis a full spectrum of financing solutions across numerous industries and property types to middle market businesses. When we refer to "CapitalSource Inc." we are referring to the company acquired on April 7, 2014 and when we refer to the "CapitalSource Division" we are referring to a division of the Bank that provides on a nationwide basis senior secured real estate loans, equipment loans and leases, asset-based loans, lender finance loans and cash flow loans secured by the enterprise value of the borrowing entity. | ||||||||||||||||
In the merger with CapitalSource Inc., each share of CapitalSource Inc. common stock was converted into the right to receive $2.47 in cash and 0.2837 of a share of PacWest common stock. PacWest issued an aggregate of approximately 56.7 million shares of PacWest common stock to CapitalSource Inc. stockholders. Based on the closing price of PacWest’s common stock on April 7, 2014 of $45.83 per share, the aggregate consideration paid to CapitalSource Inc. common stockholders and holders of equity awards to acquire CapitalSource Inc. common stock was approximately $3.1 billion. | ||||||||||||||||
CSB was a commercial lender which operated under a California Industrial Loan Bank charter headquartered in Los Angeles, California. CSB provided financial products to small to middle market businesses nationwide and also provided depository products and services to consumers in Southern and Central California. CSB’s loan origination efforts were conducted nationwide, and continue as the CapitalSource Division, with offices located in Chevy Chase, Maryland; Los Angeles, California; Denver, Colorado; Chicago, Illinois; and New York, New York. | ||||||||||||||||
The integration of CSB’s deposit system and the conversion of CSB’s branches to Pacific Western Bank’s operating platform were completed over the weekend of April 12, 2014. CSB had 21 branches, 12 of which were closed in the consolidation with Pacific Western at the close of business on April 11, 2014 and one overlapping Pacific Western branch was closed as well. All remaining branches opened on Monday, April 14, 2014 as Pacific Western branches. | ||||||||||||||||
The CapitalSource Inc. merger has been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of the merger date. We made significant estimates and exercised significant judgment in estimating fair values and accounting for such acquired assets and liabilities. Such fair values are preliminary estimates and are subject to adjustment for up to one year after the merger date or when additional information relative to the closing date fair values becomes available and such information is considered final, whichever is earlier. The application of the acquisition method of accounting resulted in goodwill of $1.5 billion. All of the recognized goodwill is expected to be non‑deductible for tax purposes. The assignment of goodwill to reporting segments and the fair value of the acquired tax assets, once the final tax returns have been filed, are expected to change. | ||||||||||||||||
As required by the merger agreement and as described in the joint proxy statement/prospectus relating to the merger, the Board of Directors of PacWest adopted a Tax Asset Protection Plan (the “Plan”). This Plan is similar to the Tax Benefit Preservation Plan that CapitalSource Inc. had in place prior to the merger. The purpose of the Plan is to seek to preserve PacWest’s ability to utilize net operating loss carryforwards and certain other tax assets (collectively, the “NOLs”) for U.S. federal income tax purposes that PacWest and certain of its subsidiaries have. The Plan seeks to protect the ability to utilize the NOLs by mitigating the potential for an “ownership change” within the meaning of Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). | ||||||||||||||||
In general, an “ownership change” would occur if PacWest’s “5‑percent shareholders,” as defined under Section 382 of the Code, collectively increase their ownership in PacWest, in relation to their respective historical low points, by more than 50 percentage points over a rolling three‑year period. In general, institutional holders that file as “investment advisers” for SEC purposes, such as mutual fund companies that hold PacWest common stock on behalf of several individual mutual funds where no single fund owns five percent or more of PacWest’s common stock, are typically not treated as “5‑ percent shareholders” for purposes of Section 382 of the Code. | ||||||||||||||||
First California Financial Group Acquisition | ||||||||||||||||
On May 31, 2013, we acquired First California Financial Group, Inc. As part of this acquisition, First California Bank ("FCB"), a wholly‑owned subsidiary of FCAL, merged with and into Pacific Western. | ||||||||||||||||
In connection with the FCAL acquisition, each share of FCAL common stock was converted into the right to receive 0.2966 of a share of PacWest common stock. The exchange ratio was calculated based on the volume‑weighted average share price of PacWest common stock for the 20 consecutive trading days ending on the second full trading day prior to the receipt of the last of the regulatory approvals required under the merger agreement. PacWest issued an aggregate of approximately 8.4 million shares of PacWest common stock to FCAL stockholders. In addition, 1,094,000 shares of FCAL common stock previously owned by PacWest at a cost of $4.1 million were cancelled in the transaction. These shares were carried in our securities available‑for‑sale portfolio at their estimated market value with their unrealized gain of $5.2 million included in stockholders’ equity at May 31, 2013. Under acquisition accounting, this unrealized gain was recognized in earnings. Based on the closing price of PacWest's common stock on May 31, 2013 of $28.83 per share, the aggregate consideration paid to FCAL common stockholders, including the 1,094,000 shares of FCAL common stock owned by us and cancelled in the merger, was $251.6 million. | ||||||||||||||||
The FCAL acquisition has been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of the May 31, 2013 acquisition date. The application of the acquisition method of accounting resulted in goodwill of $129.1 million. All of the recognized goodwill is expected to be non‑deductible for tax purposes. | ||||||||||||||||
FCB was a full‑service commercial bank headquartered in Westlake Village, California. FCB provided a full range of banking services, including revolving lines of credit, term loans, commercial real estate loans, construction loans, consumer loans and home equity loans to individuals, professionals, and small to mid‑sized businesses. FCB operated 15 branches throughout Southern California in the Los Angeles, Orange, Riverside, San Bernardino, San Diego, Ventura, and San Luis Obispo Counties. We completed the conversion and integration of the FCB branches to Pacific Western’s operating platform in June 2013 and as a result, we added seven locations to our branch network. | ||||||||||||||||
Unaudited Pro Forma Results of Operations | ||||||||||||||||
The following table presents our unaudited pro forma results of operations for the periods presented as if the CapitalSource Inc. and FCAL acquisitions had been completed on January 1, 2013. The unaudited pro forma results of operations include the historical accounts of the Company, CapitalSource Inc. and FCAL and pro forma adjustments, including the amortization of intangibles with definite lives and the amortization or accretion of any premiums or discounts arising from fair value adjustments for assets acquired and liabilities assumed. The unaudited pro forma information is intended for informational purposes only and is not necessarily indicative of our future operating results or operating results that would have occurred had the CapitalSource Inc. and FCAL acquisitions been completed at the beginning of 2013. No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, expense efficiencies or asset dispositions. | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(Dollars in thousands, except per share data) | ||||||||||||||||
Pro forma revenues (net interest income plus noninterest income) | $ | 200,371 | $ | 194,344 | $ | 407,107 | $ | 402,659 | ||||||||
Pro forma net earnings from continuing operations | $ | 60,899 | $ | 46,972 | $ | 124,502 | $ | 100,789 | ||||||||
Pro forma net earnings from continuing operations per share: | ||||||||||||||||
Basic | $ | 0.59 | $ | 0.45 | $ | 1.23 | $ | 0.97 | ||||||||
Diluted | $ | 0.59 | $ | 0.45 | $ | 1.23 | $ | 0.97 | ||||||||
Revenues and pre-tax net earnings from operations related to CapitalSource Inc. from the April 7, 2014 merger date through June 30, 2014, and included in the consolidated statement of earnings, were $126.0 million and $11.1 million, respectively. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets (Notes) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | |||||||||||||||||||
Note 4. Goodwill and Other Intangible Assets | ||||||||||||||||||||
Goodwill arises from the acquisition method of accounting for business combinations and represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. Our intangible assets with definite lives are core deposit intangibles ("CDI") and customer relationship intangibles ("CRI"). In the second quarter of 2014, we wrote-off $6.6 million of goodwill and $0.5 million of CRI related to the reorganization of the legacy PacWest asset financing segment. | ||||||||||||||||||||
Goodwill and other intangible assets deemed to have indefinite lives generated from purchase business combinations are not subject to amortization and are instead tested for impairment no less than annually. Impairment exists when the carrying value of goodwill exceeds its implied fair value. An impairment loss would be recognized in an amount equal to that excess and would be included in “Noninterest expense” in the condensed consolidated statement of earnings. | ||||||||||||||||||||
CDI and CRI are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or loan customers acquired. The weighted average amortization period remaining for all of our CDI and CRI is 5.3 years. The aggregate CDI and CRI amortization expense is expected to be $6.7 million for 2014. The estimated aggregate amortization expense related to these intangible assets for each of the next five years is $5.9 million for 2015, $3.9 million for 2016, $2.5 million for 2017, $2.1 million for 2018 and $1.7 million for 2019. | ||||||||||||||||||||
The following table presents the changes in the carrying amount of goodwill for the period indicated: | ||||||||||||||||||||
Goodwill | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
Balance, December 31, 2013 | $ | 208,743 | ||||||||||||||||||
Addition from the CapitalSource Inc. merger | 1,523,055 | |||||||||||||||||||
Write-off of goodwill | (6,645 | ) | ||||||||||||||||||
Balance, June 30, 2014 | $ | 1,725,153 | ||||||||||||||||||
The following table presents the changes in CDI and CRI and the related accumulated amortization for the periods indicated: | ||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 2014 | 2013 | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
Gross Amount of CDI and CRI: | ||||||||||||||||||||
Balance, beginning of period | $ | 48,963 | $ | 48,963 | $ | 45,412 | $ | 48,963 | $ | 45,412 | ||||||||||
Additions | 6,720 | — | 7,927 | 6,720 | 7,927 | |||||||||||||||
Fully amortized portion | (1,293 | ) | — | — | (1,293 | ) | — | |||||||||||||
Write-off | (1,300 | ) | — | — | (1,300 | ) | — | |||||||||||||
Balance, end of period | 53,090 | 48,963 | 53,339 | 53,090 | 53,339 | |||||||||||||||
Accumulated Amortization: | ||||||||||||||||||||
Balance, beginning of period | (33,079 | ) | (31,715 | ) | (31,865 | ) | (31,715 | ) | (30,689 | ) | ||||||||||
Amortization | (1,677 | ) | (1,364 | ) | (1,284 | ) | (3,041 | ) | (2,460 | ) | ||||||||||
Fully amortized portion | 1,293 | — | — | 1,293 | — | |||||||||||||||
Write-off | 804 | — | — | 804 | — | |||||||||||||||
Balance, end of period | (32,659 | ) | (33,079 | ) | (33,149 | ) | (32,659 | ) | (33,149 | ) | ||||||||||
Net CDI and CRI, end of period | $ | 20,431 | $ | 15,884 | $ | 20,190 | $ | 20,431 | $ | 20,190 | ||||||||||
Investments_Investments_Notes
Investments Investments (Notes) | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||||||||||
Investment [Text Block] | ' | |||||||||||||||||||||||||||||||
Note 5. Investments | ||||||||||||||||||||||||||||||||
Securities Available-for-Sale | ||||||||||||||||||||||||||||||||
The following table presents amortized cost, gross unrealized gains and losses, and carrying values of securities available-for-sale. As of June 30, 2014 and December 31, 2013, our investment securities, available-for-sale were as follows: | ||||||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||
Government agency and | ||||||||||||||||||||||||||||||||
government-sponsored enterprise | ||||||||||||||||||||||||||||||||
pass through securities | $ | 563,820 | $ | 21,382 | $ | (445 | ) | $ | 584,757 | $ | 691,944 | $ | 18,012 | $ | (2,768 | ) | $ | 707,188 | ||||||||||||||
Government agency and | ||||||||||||||||||||||||||||||||
government-sponsored enterprise | ||||||||||||||||||||||||||||||||
collateralized mortgage obligations | 286,347 | 2,766 | (1,509 | ) | 287,604 | 197,069 | 388 | (4,584 | ) | 192,873 | ||||||||||||||||||||||
Covered private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 28,913 | 7,709 | (100 | ) | 36,522 | 30,502 | 7,552 | (150 | ) | 37,904 | ||||||||||||||||||||||
Other private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 14,287 | 9 | (8 | ) | 14,288 | — | — | — | — | |||||||||||||||||||||||
Municipal securities | 453,890 | 9,286 | (6,610 | ) | 456,566 | 459,182 | 1,749 | (24,273 | ) | 436,658 | ||||||||||||||||||||||
Corporate debt securities | 107,669 | 1,789 | (67 | ) | 109,391 | 84,119 | 71 | (1,483 | ) | 82,707 | ||||||||||||||||||||||
Government-sponsored enterprise debt | ||||||||||||||||||||||||||||||||
securities | 36,198 | 467 | — | 36,665 | 10,046 | — | (174 | ) | 9,872 | |||||||||||||||||||||||
Other securities | 26,301 | 45 | (24 | ) | 26,322 | 27,654 | 2 | (113 | ) | 27,543 | ||||||||||||||||||||||
Total | $ | 1,517,425 | $ | 43,453 | $ | (8,763 | ) | $ | 1,552,115 | $ | 1,500,516 | $ | 27,774 | $ | (33,545 | ) | $ | 1,494,745 | ||||||||||||||
The covered private label collateralized mortgage obligations (“CMO’s”) acquired in the FDIC‑assisted acquisition of Affinity Bank in August 2009 are covered by an FDIC loss sharing agreement. The loss sharing provisions for these private label CMO's expire in the third quarter of 2014. Other securities consist primarily of asset‑backed securities. See Note 11, Fair Value Measurements, for information on fair value measurements and methodology. | ||||||||||||||||||||||||||||||||
As of June 30, 2014, securities available‑for‑sale with a carrying value of $327.4 million were pledged as collateral for borrowings, public deposits and other purposes as required by various statutes and agreements. | ||||||||||||||||||||||||||||||||
During the three months ended June 30, 2014, we sold $797,000 in other securities for which we realized a gross gain of $89,000. In addition, we sold $323.6 million of the $383.7 million of securities obtained in the CapitalSource Inc. merger for no gain or loss and the proceeds were used to repay borrowings. During the three months ended March 31, 2014, we sold $137.3 million in GSE pass through securities for which we realized a gross gain $4.8 million. These securities were sold as part of our investment portfolio risk management activities. There were no securities sold during the three months ended June 30, 2013. During the six months ended June 30, 2013, we sold $12.4 million in corporate debt securities for which we realized a gross gain of $409,000. | ||||||||||||||||||||||||||||||||
Realized gains or losses resulting from the sale of securities are calculated using the specific identification method and included in gain on securities. During the three months ended June 30, 2014 and 2013, we had $13.3 million and $(27.9) million, respectively, of net unrealized after-tax gains (losses) as a component of accumulated other comprehensive income, net. | ||||||||||||||||||||||||||||||||
Unrealized Losses on Investment Securities | ||||||||||||||||||||||||||||||||
As of June 30, 2014 and December 31, 2013, the gross unrealized losses and fair values of investment securities that were in unrealized loss positions, for which other-than-temporary impairments have not been recognized in earnings, were as follows: | ||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||
Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise pass through | ||||||||||||||||||||||||||||||||
securities | $ | 954 | $ | (2 | ) | $ | 42,325 | $ | (443 | ) | $ | 43,279 | $ | (445 | ) | |||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 95,351 | (374 | ) | 42,971 | (1,135 | ) | 138,322 | (1,509 | ) | |||||||||||||||||||||||
Covered private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | — | — | 1,088 | (100 | ) | 1,088 | (100 | ) | ||||||||||||||||||||||||
Other private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 6,809 | (8 | ) | — | — | 6,809 | (8 | ) | ||||||||||||||||||||||||
Municipal securities | 9,655 | (10 | ) | 206,241 | (6,600 | ) | 215,896 | (6,610 | ) | |||||||||||||||||||||||
Corporate debt securities | 22,219 | (29 | ) | 2,795 | (38 | ) | 25,014 | (67 | ) | |||||||||||||||||||||||
Government-sponsored enterprise debt | ||||||||||||||||||||||||||||||||
securities | — | — | — | — | — | — | ||||||||||||||||||||||||||
Other securities | — | — | 10,029 | (24 | ) | 10,029 | (24 | ) | ||||||||||||||||||||||||
Total | $ | 134,988 | $ | (423 | ) | $ | 305,449 | $ | (8,340 | ) | $ | 440,437 | $ | (8,763 | ) | |||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||
Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise pass through | ||||||||||||||||||||||||||||||||
securities | $ | 148,662 | $ | (2,767 | ) | $ | 32 | $ | (1 | ) | $ | 148,694 | $ | (2,768 | ) | |||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 179,938 | (4,486 | ) | 4,383 | (98 | ) | 184,321 | (4,584 | ) | |||||||||||||||||||||||
Covered private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 1,640 | (60 | ) | 617 | (90 | ) | 2,257 | (150 | ) | |||||||||||||||||||||||
Municipal securities | 337,208 | (24,273 | ) | — | — | 337,208 | (24,273 | ) | ||||||||||||||||||||||||
Corporate debt securities | 72,636 | (1,483 | ) | — | — | 72,636 | (1,483 | ) | ||||||||||||||||||||||||
Government-sponsored enterprise debt | ||||||||||||||||||||||||||||||||
securities | 9,872 | (174 | ) | — | — | 9,872 | (174 | ) | ||||||||||||||||||||||||
Other securities | 23,969 | (113 | ) | — | — | 23,969 | (113 | ) | ||||||||||||||||||||||||
Total | $ | 773,925 | $ | (33,356 | ) | $ | 5,032 | $ | (189 | ) | $ | 778,957 | $ | (33,545 | ) | |||||||||||||||||
We reviewed the securities that were in a continuous loss position less than 12 months and longer than 12 months at June 30, 2014, and concluded their losses were a result of the level of market interest rates relative to the types of securities and pricing changes caused by shifting supply and demand dynamics and not a result of downgraded credit ratings or other indicators of deterioration of the underlying issuers' ability to repay. Accordingly, we determined the securities were temporarily impaired and we did not recognize such impairment in the condensed consolidated statements of earnings. Additionally, we have no plans to sell these securities and believe that it is more likely than not we would not be required to sell these securities before recovery of their amortized cost. | ||||||||||||||||||||||||||||||||
Contractual Maturities | ||||||||||||||||||||||||||||||||
The following table presents the contractual maturities of our available-for-sale securities portfolio based on amortized cost and carrying value as of the date indicated. | ||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||
Amortized Cost | Estimated Fair Value | |||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Due in one year or less | $ | 2,803 | $ | 2,804 | ||||||||||||||||||||||||||||
Due after one year through five years | 58,523 | 58,864 | ||||||||||||||||||||||||||||||
Due after five years through ten years | 264,647 | 268,537 | ||||||||||||||||||||||||||||||
Due after ten years | 1,191,452 | 1,221,910 | ||||||||||||||||||||||||||||||
Total securities available-for-sale | $ | 1,517,425 | $ | 1,552,115 | ||||||||||||||||||||||||||||
Mortgage-backed securities have contractual terms to maturity, but require periodic payments to reduce principal. In addition, expected maturities may differ from contractual maturities because obligors and/or issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||||||||||||||
FHLB Stock | ||||||||||||||||||||||||||||||||
At June 30, 2014, we had a $50.0 million investment in Federal Home Loan Bank of San Francisco ("FHLB SF") stock carried at cost. During the six months ended June 30, 2014, FHLB SF stock increased $22.0 million due primarily to the addition of FHLB SF stock from the CapitalSource Inc. merger. We evaluated the carrying value of our FHLB SF stock investment at June 30, 2014, and determined that it was not impaired. Our evaluation considered the long-term nature of the investment, the current financial and liquidity position of the FHLB SF, repurchase activity of excess stock by the FHLB SF at its carrying value, the return on the investment, and our intent and ability to hold this investment for a period of time sufficient to recover our recorded investment. | ||||||||||||||||||||||||||||||||
Interest Income on Investment Securities | ||||||||||||||||||||||||||||||||
The following table presents the composition of our interest income on investment securities: | ||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 2014 | 2013 | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Taxable interest | $ | 7,668 | $ | 6,920 | $ | 5,388 | $ | 14,584 | $ | 10,951 | ||||||||||||||||||||||
Non-taxable interest | 3,333 | 3,328 | 2,716 | 6,661 | 5,141 | |||||||||||||||||||||||||||
Dividend income | 985 | 575 | 310 | 1,564 | 538 | |||||||||||||||||||||||||||
Total interest income on investment securities | $ | 11,986 | $ | 10,823 | $ | 8,414 | $ | 22,809 | $ | 16,630 | ||||||||||||||||||||||
Loans_and_Credit_Quality
Loans and Credit Quality | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||
Loans and Credit Quality | ' | |||||||||||||||||||||||||||
Note 6. Loans and Leases and Credit Quality | ||||||||||||||||||||||||||||
The Company’s loan and lease portfolio includes originated and purchased loans and leases. Originated loans and leases and purchased loans and leases, in each case, for which there was no evidence of credit deterioration at their acquisition date and it was probable that we would be able to collect all contractually required payments, are referred to collectively as non-purchased credit impaired loans, or "Non-PCI loans." Purchased loans for which there was, at the acquisition date, evidence of credit deterioration since their origination and it was probable that we would be unable to collect all contractually required payments are referred to as purchased credit impaired loans, or "PCI loans". | ||||||||||||||||||||||||||||
Non-PCI loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired non-impaired loans are recognized as an adjustment to interest income over the contractual life of the loans using the effective interest method or taken into income when the related loans are paid off or sold. | ||||||||||||||||||||||||||||
PCI loans are accounted for in accordance with ASC Subtopic 310‑30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality.” For PCI loans, at the time of acquisition we (i) calculate the contractual amount and timing of undiscounted principal and interest payments (the "undiscounted contractual cash flows") and (ii) estimate the amount and timing of undiscounted expected principal and interest payments (the "undiscounted expected cash flows"). The difference between the undiscounted contractual cash flows and the undiscounted expected cash flows is the nonaccretable difference. The difference between the undiscounted cash flows expected to be collected and the estimated fair value of the acquired loans is the accretable yield. The nonaccretable difference represents an estimate of the loss exposure of principal and interest related to the PCI loan portfolios; such amount is subject to change over time based on the performance of such loans. The carrying value of PCI loans is reduced by payments received, both principal and interest, and increased by the portion of the accretable yield recognized as interest income. | ||||||||||||||||||||||||||||
In the CapitalSource Inc. merger, the estimated fair value of the loans and leases acquired, excluding PCI loans, was $6.8 billion, the related gross contractual amount was $9.4 billion, and the estimated contractual cash flows not expected to be collected were $839.8 million. The estimated fair value of loans acquired that were identified as PCI loans was $87.8 million. | ||||||||||||||||||||||||||||
The following table summarizes the accretable yield on the PCI loans acquired in the CapitalSource Inc. merger as of April 7, 2014: | ||||||||||||||||||||||||||||
April 7, 2014 | ||||||||||||||||||||||||||||
Accretable Yield | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Undiscounted contractual cash flows | $ | 297,224 | ||||||||||||||||||||||||||
Undiscounted cash flows not expected to be collected (nonaccretable difference) | (195,654 | ) | ||||||||||||||||||||||||||
Undiscounted cash flows expected to be collected | 101,570 | |||||||||||||||||||||||||||
Estimated fair value of PCI loans acquired | (87,842 | ) | ||||||||||||||||||||||||||
Accretable yield | $ | 13,728 | ||||||||||||||||||||||||||
The following table summarizes the composition of our loan and lease portfolio as of the dates indicated: | ||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
Non-PCI | Non-PCI | |||||||||||||||||||||||||||
Loans | PCI | Loans | PCI | |||||||||||||||||||||||||
and Leases | Loans | Total | and Leases | Loans | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 5,241,860 | $ | 359,160 | $ | 5,601,020 | $ | 2,424,864 | $ | 371,134 | $ | 2,795,998 | ||||||||||||||||
Real estate construction | 300,499 | 10,035 | 310,534 | 209,090 | 10,427 | 219,517 | ||||||||||||||||||||||
Commercial | 5,196,755 | 28,939 | 5,225,694 | 1,241,776 | 974 | 1,242,750 | ||||||||||||||||||||||
Consumer | 62,939 | 337 | 63,276 | 54,809 | 261 | 55,070 | ||||||||||||||||||||||
Total gross loans and leases | 10,802,053 | 398,471 | 11,200,524 | 3,930,539 | 382,796 | 4,313,335 | ||||||||||||||||||||||
Deferred fees and costs | (10,384 | ) | (35 | ) | (10,419 | ) | (983 | ) | — | (983 | ) | |||||||||||||||||
Total loans and leases, net of unearned income | 10,791,669 | 398,436 | 11,190,105 | 3,929,556 | 382,796 | 4,312,352 | ||||||||||||||||||||||
Allowance for loan and lease losses | (65,523 | ) | (16,626 | ) | (82,149 | ) | (60,241 | ) | (21,793 | ) | (82,034 | ) | ||||||||||||||||
Total net loans and leases | $ | 10,726,146 | $ | 381,810 | $ | 11,107,956 | $ | 3,869,315 | $ | 361,003 | $ | 4,230,318 | ||||||||||||||||
The following tables present a summary of the activity in the allowance for loan and lease losses on Non‑PCI loans and leases by portfolio segment and PCI loans for the periods indicated: | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 24,352 | $ | 4,103 | $ | 27,740 | $ | 3,785 | $ | 59,980 | $ | 21,200 | $ | 81,180 | ||||||||||||||
Charge-offs | (487 | ) | — | (326 | ) | (17 | ) | (830 | ) | (4,604 | ) | (5,434 | ) | |||||||||||||||
Recoveries | 376 | 64 | 587 | 215 | 1,242 | — | 1,242 | |||||||||||||||||||||
Provision (negative provision) | (1,965 | ) | 135 | 7,529 | (568 | ) | 5,131 | 30 | 5,161 | |||||||||||||||||||
Balance, end of period | $ | 22,276 | $ | 4,302 | $ | 35,530 | $ | 3,415 | $ | 65,523 | $ | 16,626 | $ | 82,149 | ||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 26,078 | $ | 4,298 | $ | 26,921 | $ | 2,944 | $ | 60,241 | $ | 21,793 | $ | 82,034 | ||||||||||||||
Charge-offs | (581 | ) | — | (1,767 | ) | (32 | ) | (2,380 | ) | (4,553 | ) | (6,933 | ) | |||||||||||||||
Recoveries | 636 | 88 | 965 | 242 | 1,931 | — | 1,931 | |||||||||||||||||||||
Provision (negative provision) | (3,857 | ) | (84 | ) | 9,411 | 261 | 5,731 | (614 | ) | 5,117 | ||||||||||||||||||
Balance, end of period | $ | 22,276 | $ | 4,302 | $ | 35,530 | $ | 3,415 | $ | 65,523 | $ | 16,626 | $ | 82,149 | ||||||||||||||
Amount of the allowance applicable to loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,245 | $ | 238 | $ | 12,531 | $ | 321 | $ | 15,335 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 20,031 | $ | 4,064 | $ | 22,999 | $ | 3,094 | $ | 50,188 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 16,626 | ||||||||||||||||||||||||||
Loan and Leases: | ||||||||||||||||||||||||||||
Ending balance | $ | 5,236,452 | $ | 298,477 | $ | 5,193,735 | $ | 63,005 | $ | 10,791,669 | $ | 398,436 | $ | 11,190,105 | ||||||||||||||
The ending balance of the loan and lease portfolio is composed of loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 62,287 | $ | 12,797 | $ | 51,488 | $ | 3,971 | $ | 130,543 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 5,174,165 | $ | 285,680 | $ | 5,142,247 | $ | 59,034 | $ | 10,661,126 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 398,436 | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 37,265 | $ | 3,300 | $ | 23,157 | $ | 1,494 | $ | 65,216 | $ | 29,303 | $ | 94,519 | ||||||||||||||
Charge-offs | (3,237 | ) | — | (1,370 | ) | (27 | ) | (4,634 | ) | (64 | ) | (4,698 | ) | |||||||||||||||
Recoveries | 1,336 | 12 | 1,297 | 19 | 2,664 | — | 2,664 | |||||||||||||||||||||
Provision (negative provision) | (3,560 | ) | 120 | 3,259 | 181 | — | (1,842 | ) | (1,842 | ) | ||||||||||||||||||
Balance, end of period | $ | 31,804 | $ | 3,432 | $ | 26,343 | $ | 1,667 | $ | 63,246 | $ | 27,397 | $ | 90,643 | ||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 38,700 | $ | 3,221 | $ | 22,252 | $ | 1,726 | $ | 65,899 | $ | 26,069 | $ | 91,968 | ||||||||||||||
Charge-offs | (3,559 | ) | (2,192 | ) | (36 | ) | (5,787 | ) | — | (5,787 | ) | |||||||||||||||||
Recoveries | 1,513 | 335 | 1,704 | 42 | 3,594 | 33 | 3,627 | |||||||||||||||||||||
Provision (negative provision) | (4,850 | ) | (124 | ) | 4,579 | (65 | ) | (460 | ) | 1,295 | 835 | |||||||||||||||||
Balance, end of period | $ | 31,804 | $ | 3,432 | $ | 26,343 | $ | 1,667 | $ | 63,246 | $ | 27,397 | $ | 90,643 | ||||||||||||||
Amount of the allowance applicable to loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,548 | $ | 62 | $ | 7,270 | $ | 240 | $ | 11,120 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 28,256 | $ | 3,370 | $ | 19,073 | $ | 1,427 | $ | 52,126 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 27,397 | ||||||||||||||||||||||||||
Loan and Leases: | ||||||||||||||||||||||||||||
Ending balance | $ | 2,559,639 | $ | 197,776 | $ | 1,140,219 | $ | 28,596 | $ | 3,926,230 | $ | 494,389 | $ | 4,420,619 | ||||||||||||||
The ending balance of the loan and lease portfolio is composed of loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 96,293 | $ | 14,966 | $ | 23,275 | $ | 698 | $ | 135,232 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 2,463,346 | $ | 182,810 | $ | 1,116,944 | $ | 27,898 | $ | 3,790,998 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 494,389 | ||||||||||||||||||||||||||
Non‑Purchased Credit Impaired (Non‑PCI) Loans and Leases | ||||||||||||||||||||||||||||
The following table presents the credit risk rating categories for Non‑PCI loans and leases by portfolio segment and class as of the dates indicated. Nonclassified loans and leases are those with a credit risk rating of either pass or special mention, while classified loans and leases are those with a credit risk rating of either substandard or doubtful. | ||||||||||||||||||||||||||||
30-Jun-14 | December 31, 2013 | |||||||||||||||||||||||||||
Nonclassified | Classified | Total | Nonclassified | Classified | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 533,930 | $ | 15,376 | $ | 549,306 | $ | 168,216 | $ | 12,337 | $ | 180,553 | ||||||||||||||||
SBA | 338,366 | 8,032 | 346,398 | 39,869 | 5,297 | 45,166 | ||||||||||||||||||||||
Other | 4,239,013 | 101,735 | 4,340,748 | 2,132,109 | 64,279 | 2,196,388 | ||||||||||||||||||||||
Total real estate mortgage | 5,111,309 | 125,143 | 5,236,452 | 2,340,194 | 81,913 | 2,422,107 | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 70,634 | 1,285 | 71,919 | 58,131 | 750 | 58,881 | ||||||||||||||||||||||
Commercial | 221,572 | 4,986 | 226,558 | 142,607 | 6,291 | 148,898 | ||||||||||||||||||||||
Total real estate construction | 292,206 | 6,271 | 298,477 | 200,738 | 7,041 | 207,779 | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 400,672 | 45,550 | 446,222 | 567,643 | 18,838 | 586,481 | ||||||||||||||||||||||
Unsecured | 144,188 | 1,309 | 145,497 | 151,896 | 1,856 | 153,752 | ||||||||||||||||||||||
Asset-based | 1,472,731 | 15,481 | 1,488,212 | 195,569 | 6,859 | 202,428 | ||||||||||||||||||||||
Cash flow | 2,062,811 | 76,106 | 2,138,917 | — | — | — | ||||||||||||||||||||||
Equipment finance | 906,187 | 26,367 | 932,554 | 272,851 | 632 | 273,483 | ||||||||||||||||||||||
SBA | 38,237 | 4,096 | 42,333 | 22,880 | 5,761 | 28,641 | ||||||||||||||||||||||
Total commercial | 5,024,826 | 168,909 | 5,193,735 | 1,210,839 | 33,946 | 1,244,785 | ||||||||||||||||||||||
Consumer | 58,701 | 4,304 | 63,005 | 50,474 | 4,411 | 54,885 | ||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 10,487,042 | $ | 304,627 | $ | 10,791,669 | $ | 3,802,245 | $ | 127,311 | $ | 3,929,556 | ||||||||||||||||
In addition to our internal risk rating process, our federal and state banking regulators, as an integral part of their examination process, periodically review the Company’s loan risk rating classifications. Our regulators may require the Company to recognize rating downgrades based on their judgments related to information available to them at the time of their examinations. Risk rating downgrades generally result in higher allowances for credit losses. | ||||||||||||||||||||||||||||
The following tables present an aging analysis of our Non‑PCI loans and leases by portfolio segment and class as of the dates indicated: | ||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||
30-89 Days Past Due | 90 or More | Total Past Due | Current | Total Loans | ||||||||||||||||||||||||
Days Past Due | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | — | $ | — | $ | — | $ | 549,306 | $ | 549,306 | ||||||||||||||||||
SBA | 3,125 | 1,788 | 4,913 | 341,485 | 346,398 | |||||||||||||||||||||||
Other | 1,974 | 12,903 | 14,877 | 4,325,871 | 4,340,748 | |||||||||||||||||||||||
Total real estate mortgage | 5,099 | 14,691 | 19,790 | 5,216,662 | 5,236,452 | |||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | — | 542 | 542 | 71,377 | 71,919 | |||||||||||||||||||||||
Commercial | — | 1,487 | 1,487 | 225,071 | 226,558 | |||||||||||||||||||||||
Total real estate construction | — | 2,029 | 2,029 | 296,448 | 298,477 | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 6,606 | 182 | 6,788 | 439,434 | 446,222 | |||||||||||||||||||||||
Unsecured | 145 | 18 | 163 | 145,334 | 145,497 | |||||||||||||||||||||||
Asset-based | — | — | — | 1,488,212 | 1,488,212 | |||||||||||||||||||||||
Cash flow | — | — | — | 2,138,917 | 2,138,917 | |||||||||||||||||||||||
Equipment finance | — | 1,941 | 1,941 | 930,613 | 932,554 | |||||||||||||||||||||||
SBA | 143 | 184 | 327 | 42,006 | 42,333 | |||||||||||||||||||||||
Total commercial | 6,894 | 2,325 | 9,219 | 5,184,516 | 5,193,735 | |||||||||||||||||||||||
Consumer | 128 | 3,235 | 3,363 | 59,642 | 63,005 | |||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 12,121 | $ | 22,280 | $ | 34,401 | $ | 10,757,268 | $ | 10,791,669 | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||
30-89 Days Past Due | 90 or More | Total Past Due | Current | Total Loans | ||||||||||||||||||||||||
Days Past Due | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | — | $ | — | $ | — | $ | 180,553 | $ | 180,553 | ||||||||||||||||||
SBA | 2,564 | — | 2,564 | 42,602 | 45,166 | |||||||||||||||||||||||
Other | 13,026 | 2,406 | 15,432 | 2,180,956 | 2,196,388 | |||||||||||||||||||||||
Total real estate mortgage | 15,590 | 2,406 | 17,996 | 2,404,111 | 2,422,107 | |||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | — | — | — | 58,881 | 58,881 | |||||||||||||||||||||||
Commercial | — | 2,013 | 2,013 | 146,885 | 148,898 | |||||||||||||||||||||||
Total real estate construction | — | 2,013 | 2,013 | 205,766 | 207,779 | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 473 | 259 | 732 | 585,749 | 586,481 | |||||||||||||||||||||||
Unsecured | 83 | 68 | 151 | 153,601 | 153,752 | |||||||||||||||||||||||
Asset-based | — | — | — | 202,428 | 202,428 | |||||||||||||||||||||||
Equipment finance | 2,662 | 244 | 2,906 | 270,577 | 273,483 | |||||||||||||||||||||||
SBA | 1,770 | 243 | 2,013 | 26,628 | 28,641 | |||||||||||||||||||||||
Total commercial | 4,988 | 814 | 5,802 | 1,238,983 | 1,244,785 | |||||||||||||||||||||||
Consumer | 3,319 | — | 3,319 | 51,566 | 54,885 | |||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 23,897 | $ | 5,233 | $ | 29,130 | $ | 3,900,426 | $ | 3,929,556 | ||||||||||||||||||
At June 30, 2014 and December 31, 2013, the Company had no loans and leases (excluding PCI loans) that were greater than 90 days past due and still accruing interest. It is the Company’s policy to discontinue accruing interest when principal or interest payments are past due 90 days or when, in the opinion of management, there is a reasonable doubt as to the collectability of a loan or lease in the normal course of business. | ||||||||||||||||||||||||||||
The following table presents our nonaccrual and performing Non‑PCI loans and leases by portfolio segment and class as of the dates indicated: | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||
Nonaccrual | Performing | Total | Nonaccrual | Performing | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | 542,754 | $ | 549,306 | $ | 6,723 | $ | 173,830 | $ | 180,553 | ||||||||||||||||
SBA | 8,032 | 338,366 | 346,398 | 2,602 | 42,564 | 45,166 | ||||||||||||||||||||||
Other | 28,098 | 4,312,650 | 4,340,748 | 18,648 | 2,177,740 | 2,196,388 | ||||||||||||||||||||||
Total real estate mortgage | 42,682 | 5,193,770 | 5,236,452 | 27,973 | 2,394,134 | 2,422,107 | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 927 | 70,992 | 71,919 | 389 | 58,492 | 58,881 | ||||||||||||||||||||||
Commercial | 2,737 | 223,821 | 226,558 | 2,830 | 146,068 | 148,898 | ||||||||||||||||||||||
Total real estate construction | 3,664 | 294,813 | 298,477 | 3,219 | 204,560 | 207,779 | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 11,247 | 434,975 | 446,222 | 9,991 | 576,490 | 586,481 | ||||||||||||||||||||||
Unsecured | 322 | 145,175 | 145,497 | 458 | 153,294 | 153,752 | ||||||||||||||||||||||
Asset-based | 4,874 | 1,483,338 | 1,488,212 | 1,070 | 201,358 | 202,428 | ||||||||||||||||||||||
Cash flow | 15,793 | 2,123,124 | 2,138,917 | — | — | — | ||||||||||||||||||||||
Equipment finance | 10,576 | 921,978 | 932,554 | 632 | 272,851 | 273,483 | ||||||||||||||||||||||
SBA | 4,096 | 38,237 | 42,333 | 3,037 | 25,604 | 28,641 | ||||||||||||||||||||||
Total commercial | 46,908 | 5,146,827 | 5,193,735 | 15,188 | 1,229,597 | 1,244,785 | ||||||||||||||||||||||
Consumer | 3,548 | 59,457 | 63,005 | 394 | 54,491 | 54,885 | ||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 96,802 | $ | 10,694,867 | $ | 10,791,669 | $ | 46,774 | $ | 3,882,782 | $ | 3,929,556 | ||||||||||||||||
At June 30, 2014, nonaccrual loans and leases totaled $96.8 million. Nonaccrual loans and leases included $8.5 million of loans 30 to 89 days past due and $66.0 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. Nonaccrual loans and leases totaled $46.8 million at December 31, 2013, including $4.2 million of loans 30 to 89 days past due and $37.3 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. | ||||||||||||||||||||||||||||
Non‑PCI nonaccrual loans and leases and performing restructured loans are considered impaired for reporting purposes. The following table presents the composition of our impaired loans and leases as of the dates indicated: | ||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
Performing | Total | Performing | Total | |||||||||||||||||||||||||
Nonaccrual | Restructured | Impaired | Nonaccrual | Restructured | Impaired | |||||||||||||||||||||||
Loans/Leases | Loans | Loans/Leases | Loans/Leases | Loans | Loans/Leases | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 42,682 | $ | 19,605 | $ | 62,287 | $ | 27,973 | $ | 34,303 | $ | 62,276 | ||||||||||||||||
Real estate construction | 3,664 | 9,133 | 12,797 | 3,219 | 4,293 | 7,512 | ||||||||||||||||||||||
Commercial | 46,908 | 4,580 | 51,488 | 15,188 | 2,744 | 17,932 | ||||||||||||||||||||||
Consumer | 3,548 | 423 | 3,971 | 394 | 308 | 702 | ||||||||||||||||||||||
Total | $ | 96,802 | $ | 33,741 | $ | 130,543 | $ | 46,774 | $ | 41,648 | $ | 88,422 | ||||||||||||||||
The following tables present information regarding our Non‑PCI impaired loans and leases by portfolio segment and class for the dates indicated: | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related | Recorded Investment | Unpaid Principal Balance | Related | |||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
With An Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 1,974 | $ | 1,973 | $ | 117 | $ | 5,717 | $ | 6,215 | $ | 198 | ||||||||||||||||
SBA | — | — | — | 1,642 | 1,643 | 230 | ||||||||||||||||||||||
Other | 14,329 | 14,446 | 2,128 | 15,937 | 16,571 | 1,760 | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 771 | 770 | 150 | 778 | 778 | 168 | ||||||||||||||||||||||
Commercial | 435 | 432 | 88 | 1,250 | 1,250 | 1 | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 11,958 | 12,389 | 10,380 | 4,377 | 4,692 | 4,270 | ||||||||||||||||||||||
Unsecured | 701 | 712 | 414 | 801 | 829 | 375 | ||||||||||||||||||||||
Asset-based | 269 | — | 269 | 1,070 | 1,070 | 180 | ||||||||||||||||||||||
Cash flow | — | — | — | — | — | — | ||||||||||||||||||||||
Equipment finance | 1,941 | 1,941 | 1,468 | — | — | — | ||||||||||||||||||||||
SBA | — | — | — | 1,136 | 1,136 | 178 | ||||||||||||||||||||||
Consumer | 3,651 | 3,751 | 321 | 424 | 471 | 240 | ||||||||||||||||||||||
With No Related Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | 7,593 | $ | — | $ | 3,013 | $ | 3,385 | $ | — | ||||||||||||||||
SBA | 8,032 | 10,787 | — | 2,602 | 3,646 | — | ||||||||||||||||||||||
Other | 31,400 | 43,753 | — | 33,365 | 46,062 | — | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 542 | 550 | — | — | — | — | ||||||||||||||||||||||
Commercial | 11,049 | 15,575 | — | 5,484 | 9,923 | — | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 3,188 | 4,656 | — | 6,700 | 9,924 | — | ||||||||||||||||||||||
Unsecured | 304 | 424 | — | 179 | 247 | — | ||||||||||||||||||||||
Asset-based | 4,604 | 5,315 | — | — | — | — | ||||||||||||||||||||||
Cash flow | 15,792 | 17,525 | — | — | — | — | ||||||||||||||||||||||
Equipment finance | 8,635 | 12,700 | — | 632 | 632 | — | ||||||||||||||||||||||
SBA | 4,096 | 5,304 | — | 3,037 | 4,945 | — | ||||||||||||||||||||||
Consumer | 320 | 439 | — | 278 | 394 | — | ||||||||||||||||||||||
Total Non-PCI Loans and Leases With and Without an Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 62,287 | $ | 78,552 | $ | 2,245 | $ | 62,276 | $ | 77,522 | $ | 2,188 | ||||||||||||||||
Real estate construction | 12,797 | 17,327 | 238 | 7,512 | 11,951 | 169 | ||||||||||||||||||||||
Commercial | 51,488 | 60,966 | 12,531 | 17,932 | 23,475 | 5,003 | ||||||||||||||||||||||
Consumer | 3,971 | 4,190 | 321 | 702 | 865 | 240 | ||||||||||||||||||||||
Total | $ | 130,543 | $ | 161,035 | $ | 15,335 | $ | 88,422 | $ | 113,813 | $ | 7,600 | ||||||||||||||||
Three Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Weighted Average | Interest | Weighted Average | Interest | |||||||||||||||||||||||||
Balance(1) | Income | Balance(1) | Income | |||||||||||||||||||||||||
Recognized | Recognized | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
With An Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 1,974 | $ | 20 | $ | 8,779 | $ | 226 | ||||||||||||||||||||
SBA | — | — | 1,659 | 23 | ||||||||||||||||||||||||
Other | 14,329 | 174 | 51,327 | 513 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 771 | 4 | 393 | — | ||||||||||||||||||||||||
Commercial | 435 | 6 | 8,540 | 87 | ||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 5,986 | 43 | 3,804 | 10 | ||||||||||||||||||||||||
Unsecured | 701 | 6 | 2,062 | 8 | ||||||||||||||||||||||||
Asset-based | 269 | — | 223 | 5 | ||||||||||||||||||||||||
Cash flow | — | — | — | — | ||||||||||||||||||||||||
Equipment finance | 1,322 | — | — | — | ||||||||||||||||||||||||
SBA | — | — | 1,094 | 12 | ||||||||||||||||||||||||
Consumer | 3,571 | 5 | 436 | 3 | ||||||||||||||||||||||||
With No Related Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | — | $ | — | $ | — | ||||||||||||||||||||
SBA | 4,271 | — | 2,935 | — | ||||||||||||||||||||||||
Other | 27,100 | 79 | 25,041 | 133 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 542 | — | 441 | — | ||||||||||||||||||||||||
Commercial | 11,049 | 71 | 4,568 | (59 | ) | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 1,985 | 24 | 4,266 | — | ||||||||||||||||||||||||
Unsecured | 304 | — | 179 | — | ||||||||||||||||||||||||
Asset-based | 4,604 | — | — | — | ||||||||||||||||||||||||
Cash flow | 174 | — | — | — | ||||||||||||||||||||||||
Equipment finance | 7,476 | — | 244 | — | ||||||||||||||||||||||||
SBA | 1,406 | — | 2,872 | 5 | ||||||||||||||||||||||||
Consumer | 274 | — | 173 | — | ||||||||||||||||||||||||
Total Non-PCI Loans and Leases With and Without an Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 54,226 | $ | 273 | $ | 89,741 | $ | 895 | ||||||||||||||||||||
Real estate construction | 12,797 | 81 | 13,942 | 28 | ||||||||||||||||||||||||
Commercial | 24,227 | 73 | 14,744 | 40 | ||||||||||||||||||||||||
Consumer | 3,845 | 5 | 609 | 3 | ||||||||||||||||||||||||
Total | $ | 95,095 | $ | 432 | $ | 119,036 | $ | 966 | ||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | For the loans and leases (excluding PCI loans) reported as impaired at June 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period. | |||||||||||||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Weighted Average | Interest | Weighted Average | Interest | |||||||||||||||||||||||||
Balance(1) | Income | Balance(1) | Income | |||||||||||||||||||||||||
Recognized | Recognized | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
With An Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 1,974 | $ | 40 | $ | 8,779 | $ | 247 | ||||||||||||||||||||
SBA | — | — | 1,659 | 45 | ||||||||||||||||||||||||
Other | 13,127 | 277 | 50,276 | 1,010 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 771 | 8 | 393 | — | ||||||||||||||||||||||||
Commercial | 221 | 7 | 8,540 | 179 | ||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 4,843 | 49 | 2,795 | 18 | ||||||||||||||||||||||||
Unsecured | 684 | 12 | 2,062 | 17 | ||||||||||||||||||||||||
Asset-based | 269 | — | 112 | 5 | ||||||||||||||||||||||||
Cash flow | — | — | — | — | ||||||||||||||||||||||||
Equipment finance | 665 | — | — | — | ||||||||||||||||||||||||
SBA | — | — | 1,094 | 23 | ||||||||||||||||||||||||
Consumer | 2,761 | 9 | 436 | 5 | ||||||||||||||||||||||||
With No Related Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | — | $ | — | $ | — | ||||||||||||||||||||
SBA | 4,193 | — | 2,911 | — | ||||||||||||||||||||||||
Other | 23,697 | 153 | 20,777 | 190 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 339 | — | 441 | — | ||||||||||||||||||||||||
Commercial | 8,214 | 97 | 4,317 | (29 | ) | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 1,532 | 31 | 2,773 | — | ||||||||||||||||||||||||
Unsecured | 295 | — | 160 | — | ||||||||||||||||||||||||
Asset-based | 2,340 | — | — | — | ||||||||||||||||||||||||
Cash flow | 87 | — | — | — | ||||||||||||||||||||||||
Equipment finance | 6,245 | — | 244 | — | ||||||||||||||||||||||||
SBA | 1,406 | — | 2,782 | 11 | ||||||||||||||||||||||||
Consumer | 253 | — | 163 | — | ||||||||||||||||||||||||
Total Non-PCI Loans and Leases With and Without an Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 49,543 | $ | 470 | $ | 84,402 | $ | 1,492 | ||||||||||||||||||||
Real estate construction | 9,545 | 112 | 13,691 | 150 | ||||||||||||||||||||||||
Commercial | 18,366 | 92 | 12,022 | 74 | ||||||||||||||||||||||||
Consumer | 3,014 | 9 | 599 | 5 | ||||||||||||||||||||||||
Total | $ | 80,468 | $ | 683 | $ | 110,714 | $ | 1,721 | ||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | For the loans and leases (excluding PCI loans) reported as impaired at June 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period. | |||||||||||||||||||||||||||
Troubled debt restructurings are a result of rate reductions, term extensions, fee concessions, or a combination thereof. The following tables present new troubled debt restructurings of Non-PCI loans for the periods indicated: | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | 4 | $ | 1,341 | $ | 1,341 | — | $ | — | $ | — | ||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 2 | 59 | 59 | 3 | 3,518 | 3,518 | ||||||||||||||||||||||
Unsecured | — | — | — | 2 | 398 | 398 | ||||||||||||||||||||||
Asset-based | — | — | — | 1 | 2,032 | 2,032 | ||||||||||||||||||||||
SBA | — | — | — | 4 | 137 | 137 | ||||||||||||||||||||||
Consumer | — | — | — | 1 | 14 | 14 | ||||||||||||||||||||||
Total | 6 | $ | 1,400 | $ | 1,400 | 11 | $ | 6,099 | $ | 6,099 | ||||||||||||||||||
Six Months Ended June 30, 2014 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||
(Dollars In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | 8 | $ | 3,856 | $ | 3,856 | 5 | $ | 13,223 | $ | 13,223 | ||||||||||||||||||
Real estate construction - Commercial | 2 | 4,920 | 4,920 | — | — | — | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 6 | 3,346 | 3,346 | 4 | 3,913 | 3,913 | ||||||||||||||||||||||
Unsecured | 2 | 38 | 38 | 2 | 398 | 398 | ||||||||||||||||||||||
Asset-based | — | — | — | 1 | 2,032 | 2,032 | ||||||||||||||||||||||
SBA | — | — | — | 4 | 137 | 137 | ||||||||||||||||||||||
Consumer | 1 | 124 | 124 | 1 | 14 | 14 | ||||||||||||||||||||||
Total | 19 | $ | 12,284 | $ | 12,284 | 17 | $ | 19,717 | $ | 19,717 | ||||||||||||||||||
The following tables present troubled debt restructurings that subsequently defaulted for the periods indicated: | ||||||||||||||||||||||||||||
Three Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||
That Subsequently Defaulted: | Loans | Investment(1) | Loans | Investment(1) | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | — | $ | — | 1 | $ | 1,350 | ||||||||||||||||||||||
Commercial - Collateralized | — | — | 3 | 788 | ||||||||||||||||||||||||
Total | — | $ | — | 4 | $ | 2,138 | -2 | |||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period. | |||||||||||||||||||||||||||
-2 | Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million. | |||||||||||||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||
That Subsequently Defaulted: | Loans | Investment(1) | Loans | Investment(1) | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | — | $ | — | 2 | $ | 2,556 | ||||||||||||||||||||||
Commercial - Collateralized | 2 | 427 | 3 | 788 | ||||||||||||||||||||||||
Total | 2 | $ | 427 | -2 | 5 | $ | 3,344 | -3 | ||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period. | |||||||||||||||||||||||||||
-2 | Represents the balance at June 30, 2014, and is net of charge-offs of $0.2 million | |||||||||||||||||||||||||||
-3 | Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million | |||||||||||||||||||||||||||
Purchased Credit Impaired (PCI) Loans | ||||||||||||||||||||||||||||
The following table reflects the PCI loans by portfolio segment as of the dates indicated: | ||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 395,500 | $ | 412,791 | ||||||||||||||||||||||||
Real estate construction | 10,763 | 12,015 | ||||||||||||||||||||||||||
Commercial | 29,824 | 3,021 | ||||||||||||||||||||||||||
Consumer | 408 | 424 | ||||||||||||||||||||||||||
Total gross PCI loans | 436,495 | 428,251 | ||||||||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
Discount | (38,059 | ) | (45,455 | ) | ||||||||||||||||||||||||
Allowance for loan losses | (16,626 | ) | (21,793 | ) | ||||||||||||||||||||||||
Total net PCI loans | $ | 381,810 | $ | 361,003 | ||||||||||||||||||||||||
The following table summarizes the changes in the carrying amount of PCI loans and accretable yield on those loans for the period indicated: | ||||||||||||||||||||||||||||
Carrying Amount | Accretable Yield | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 361,003 | $ | (139,568 | ) | |||||||||||||||||||||||
Addition | 87,842 | (13,728 | ) | |||||||||||||||||||||||||
Accretion | 32,319 | 32,319 | ||||||||||||||||||||||||||
Payments received | (98,740 | ) | — | |||||||||||||||||||||||||
Decrease in expected cash flows, net | — | (8,048 | ) | |||||||||||||||||||||||||
Provision for credit losses | (614 | ) | — | |||||||||||||||||||||||||
Balance, June 30, 2014 | $ | 381,810 | $ | (129,025 | ) | |||||||||||||||||||||||
The following table presents the credit risk rating categories for PCI loans by portfolio segment as of the dates indicated. Nonclassified loans are those with a credit risk rating of either pass or special mention, while classified loans are those with a credit risk rating of either substandard or doubtful. | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||
Nonclassified | Classified | Total | Nonclassified | Classified | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 185,641 | $ | 173,489 | $ | 359,130 | $ | 216,092 | $ | 155,042 | $ | 371,134 | ||||||||||||||||
Real estate construction | 3,623 | 6,407 | 10,030 | 4,399 | 6,028 | 10,427 | ||||||||||||||||||||||
Commercial | 350 | 28,590 | 28,940 | 569 | 405 | 974 | ||||||||||||||||||||||
Consumer | — | 336 | 336 | — | 261 | 261 | ||||||||||||||||||||||
Total PCI loans | $ | 189,614 | $ | 208,822 | $ | 398,436 | $ | 221,060 | $ | 161,736 | $ | 382,796 | ||||||||||||||||
In addition to our internal risk rating process, our federal and state banking regulators, as an integral part of their examination process, periodically review the Company’s loan risk rating classifications. Our regulators may require the Company to recognize rating downgrades based on their judgments related to information available to them at the time of their examinations. |
Foreclosed_Assets_Notes
Foreclosed Assets (Notes) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract] | ' | |||||||
Other Real Estate Owned and Foreclosed Assets [Table Text Block] | ' | |||||||
Note 7. Foreclosed Assets | ||||||||
The following tables summarize foreclosed assets at the dates indicated: | ||||||||
Property Type | 30-Jun-14 | 31-Dec-13 | ||||||
(In thousands) | ||||||||
Commercial real estate | $ | 10,770 | $ | 15,753 | ||||
Construction and land development | 32,682 | 35,063 | ||||||
Multi‑family | 835 | 835 | ||||||
Single family residence | 31 | 186 | ||||||
Total other real estate owned, net | 44,318 | 51,837 | ||||||
Other foreclosed assets | 9,503 | 4,054 | ||||||
Total foreclosed assets | $ | 53,821 | $ | 55,891 | ||||
The following table presents a rollforward of foreclosed assets, net of the valuation allowance, for the periods indicated: | ||||||||
Foreclosed Assets | ||||||||
(In thousands) | ||||||||
Balance, December 31, 2013 | $ | 55,891 | ||||||
Addition from the CapitalSource Inc. merger | 6,382 | |||||||
Foreclosures | 667 | |||||||
Provision for losses | (368 | ) | ||||||
Reductions related to sales | (8,751 | ) | ||||||
Balance, June 30, 2014 | $ | 53,821 | ||||||
FDIC_Loss_Sharing_Asset_Notes
FDIC Loss Sharing Asset (Notes) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
FDIC Loss Sharing Asset [Abstract] | ' | |||||||||||||||||||
FDIC Loss Sharing Asset Disclosure [Table Text Block] | ' | |||||||||||||||||||
Note 8. FDIC Loss Sharing Asset | ||||||||||||||||||||
We are a party to four loss sharing agreements with the FDIC. Such agreements cover a substantial portion of losses incurred on acquired covered loans, other real estate owned, and certain investment securities. The loss sharing agreements relate to the acquisitions of: (1) Affinity Bank ("Affinity") in August 2009, (2) Los Padres Bank ("Los Padres") in August 2010, (3) Western Commercial Bank ("Western Commercial") in connection with the May 2013 FCAL acquisition, and (4) San Luis Trust Bank ("San Luis") in connection with the May 2013 FCAL acquisition. Generally, under the terms of the loss sharing agreements, the FDIC is responsible for 80% of losses in connection with covered assets and is entitled to receive 80% of loss recoveries on the covered assets during the applicable contractual periods. | ||||||||||||||||||||
The following table presents the changes in the FDIC loss sharing asset for the period indicated: | ||||||||||||||||||||
FDIC Loss Sharing Asset | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
Balance, December 31, 2013 | $ | 45,524 | ||||||||||||||||||
FDIC share of additional losses, net of recoveries | (4,153 | ) | ||||||||||||||||||
Cash paid to the FDIC | 2,645 | |||||||||||||||||||
Net amortization | (15,182 | ) | ||||||||||||||||||
Balance, June 30, 2014 | $ | 28,834 | ||||||||||||||||||
The following table presents information about the composition of the FDIC loss sharing asset, the true‑up liability, and the non‑single family and the single family covered assets as of the date indicated: | ||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Affinity Bank | Los Padres Bank | Western Commercial Bank | San Luis Trust Bank | Total | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
FDIC loss sharing asset | $ | 2,315 | $ | 15,101 | $ | 1,605 | $ | 9,813 | $ | 28,834 | ||||||||||
True‑up liability | N/A | N/A | $ | 1,555 | $ | 5,271 | $ | 6,826 | ||||||||||||
Non-single family covered assets(1) | $ | 156,509 | $ | 111,413 | $ | 14,068 | $ | 37,327 | $ | 319,317 | ||||||||||
Single family covered assets | $ | 12,701 | $ | 69,584 | N/A | $ | 32,813 | $ | 115,098 | |||||||||||
Loss sharing expiration dates: | ||||||||||||||||||||
Non‑single family | 3rd Quarter 2014 | 3rd Quarter 2015 | 4th Quarter 2015 | 1st Quarter 2016 | ||||||||||||||||
Single family | 3rd Quarter 2019 | 3rd Quarter 2020 | N/A | 1st Quarter 2021 | ||||||||||||||||
Loss recovery expiration dates: | ||||||||||||||||||||
Non‑single family | 3rd Quarter 2017 | 3rd Quarter 2018 | 4th Quarter 2018 | 1st Quarter 2019 | ||||||||||||||||
Single family | 3rd Quarter 2019 | 3rd Quarter 2020 | N/A | 1st Quarter 2021 | ||||||||||||||||
_______________________ | ||||||||||||||||||||
-1 | Excludes securities. |
Borrowings
Borrowings | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Borrowings Subordinated Debentures And Brokered Deposits [Abstract] | ' | |||||||||||||||||||
Borrowings Subordinated Debentures And Brokered Deposits Disclosure [Table Text Block] | ' | |||||||||||||||||||
Note 9. Borrowings, Subordinated Debentures and Brokered Deposits | ||||||||||||||||||||
Borrowings | ||||||||||||||||||||
The following table summarizes our borrowings as of the dates indicated: | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Amount | Rate | Amount | Rate | |||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Non‑recourse debt | $ | 4,596 | 6.2 | % | $ | 7,126 | 6.3 | % | ||||||||||||
FHLB advances | — | — | % | 106,600 | 0.06 | % | ||||||||||||||
Total borrowings | $ | 4,596 | $ | 113,726 | ||||||||||||||||
The non‑recourse debt represents the payment stream of certain equipment leases sold to third parties. The debt is secured by the equipment in the leases and all interest rates are fixed. As of June 30, 2014, this debt had a weighted average remaining maturity of 2.2 years. | ||||||||||||||||||||
The Bank has established secured and unsecured lines of credit. We may borrow funds from time to time on a term or overnight basis from the FHLB SF, the Federal Reserve Bank of San Francisco (“FRBSF”), or other financial institutions. | ||||||||||||||||||||
FHLB SF Secured Lines of Credit. The borrowing arrangement with the FHLB SF is based on an FHLB program collateralized by a blanket lien on certain qualifying loans in our loan portfolio which were not pledged to the FRBSF. As of June 30, 2014, our borrowing capacity under the FHLB SF secured borrowing lines was $2.4 billion and there were no balances outstanding. As of December 31, 2013, $106.6 million was outstanding. | ||||||||||||||||||||
FRBSF Secured Line of Credit. The Bank has a secured line of credit with the FRBSF. As of June 30, 2014, the Bank had secured borrowing capacity of $530.0 million collateralized by liens covering $662.5 million of certain qualifying loans. As of June 30, 2014 and December 31, 2013, there were no balances outstanding. | ||||||||||||||||||||
Federal Funds Arrangements with Commercial Banks. As of June 30, 2014, the Bank had unsecured lines of credit of $80.0 million with correspondent banks for the purchase of overnight funds, subject to availability of funds. These lines are renewable annually and have no unused commitment fees. As of June 30, 2014 and December 31, 2013, there were no balances outstanding. | ||||||||||||||||||||
The following table summarizes the terms of each issuance of subordinated debentures outstanding as of the dates indicated: | ||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||
Date | Maturity | Rate Index | ||||||||||||||||||
Series | Amount | Rate (1) | Amount | Rate (2) | Issued | Date | (Quarterly Reset) | |||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Trust V | $ | 10,310 | 3.33 | % | $ | 10,310 | 3.34 | % | 8/15/03 | 9/17/33 | 3 month LIBOR + 3.10 | |||||||||
Trust VI | 10,310 | 3.28 | % | 10,310 | 3.29 | % | 9/3/03 | 9/15/33 | 3 month LIBOR + 3.05 | |||||||||||
Trust CII | 5,155 | 3.18 | % | 5,155 | 3.19 | % | 9/17/03 | 9/17/33 | 3 month LIBOR + 2.95 | |||||||||||
Trust VII | 61,856 | 2.98 | % | 61,856 | 2.99 | % | 2/5/04 | 4/23/34 | 3 month LIBOR + 2.75 | |||||||||||
Trust CIII | 20,619 | 1.92 | % | 20,619 | 1.93 | % | 8/15/05 | 9/15/35 | 3 month LIBOR + 1.69 | |||||||||||
Trust FCCI | 16,495 | 1.83 | % | 16,495 | 1.84 | % | 1/25/07 | 3/15/37 | 3 month LIBOR + 1.60 | |||||||||||
Trust FCBI | 10,310 | 1.78 | % | 10,310 | 1.79 | % | 9/30/05 | 12/15/35 | 3 month LIBOR + 1.55 | |||||||||||
Trust CS 2005-1 (3) | 82,475 | 2.18 | % | — | — | 1/21/05 | 12/15/35 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2005-2 (3) | 128,866 | 2.18 | % | — | — | 12/14/05 | 1/30/36 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-1 (3) | 51,545 | 2.18 | % | — | — | 2/22/06 | 4/30/36 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-2 (3) | 51,550 | 2.18 | % | — | — | 9/27/06 | 10/30/36 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-3 (3) | 35,286 | 1.36 | % | — | — | 9/29/06 | 10/30/36 | 3 month EURIBOR + 2.05 | ||||||||||||
Trust CS 2006-4 (3) | 16,470 | 2.18 | % | — | — | 12/5/06 | 1/30/37 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-5 (3) | 6,650 | 2.18 | % | — | — | 12/19/06 | 1/30/37 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2007-2 (3) | 39,177 | 2.18 | % | — | — | 6/13/07 | 7/30/37 | 3 month LIBOR + 1.95 | ||||||||||||
Gross subordinated debentures | 547,074 | 135,055 | ||||||||||||||||||
Unamortized discount (4) | (112,196 | ) | (2,410 | ) | ||||||||||||||||
Net subordinated debentures | $ | 434,878 | $ | 132,645 | ||||||||||||||||
___________________ | ||||||||||||||||||||
-1 | As of July 31, 2014. | |||||||||||||||||||
-2 | As of January 28, 2014. | |||||||||||||||||||
-3 | Acquired in the CapitalSource Inc. merger. | |||||||||||||||||||
-4 | Amount represents the fair value adjustment on trusts acquired in the CapitalSource Inc. and FCAL acquisitions. | |||||||||||||||||||
Interest payments made by the Company on subordinated debentures are considered dividend payments under the Board of Governors of the Federal Reserve System (“FRB”) regulations. Bank holding companies, such as PacWest, are required to notify the FRB prior to declaring and paying a dividend to stockholders during any period in which quarterly and/or cumulative twelve‑month net earnings are insufficient to fund the dividend amount, among other requirements. | ||||||||||||||||||||
Brokered Deposits | ||||||||||||||||||||
Brokered time deposits totaled $88.0 million and $49.4 million at June 30, 2014 and December 31, 2013, respectively. Brokered time deposits under the Certificate of Deposit Account Registry Service Program ("CDARS Program") totaled $48.0 million and $49.4 million at June 30, 2014 and December 31, 2013, respectively. The CDARS Program represents deposits that are participated with other FDIC‑insured financial institutions as a means to provide FDIC deposit insurance coverage for the full amount of our customers’ deposits. |
Commitments_and_Contingencies
Commitments and Contingencies | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||
Commitments and Contingencies | ' | |||||||
Note 10. Commitments and Contingencies | ||||||||
Lending Commitments | ||||||||
The Bank is a party to financial instruments with off‑balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and commitments to purchase equipment being acquired for lease to others. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the condensed consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. | ||||||||
The following table presents a summary of the financial instruments described above as of the dates indicated: | ||||||||
30-Jun-14 | 31-Dec-13 | |||||||
(In thousands) | ||||||||
Loan commitments to extend credit | $ | 1,813,963 | $ | 1,001,740 | ||||
Standby letters of credit | 86,055 | 39,200 | ||||||
Commitments to purchase equipment being acquired for lease to others | 5,679 | 8,475 | ||||||
$ | 1,905,697 | $ | 1,049,415 | |||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. | ||||||||
Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. We provide standby letters of credit in conjunction with several of our lending arrangements and property lease obligations. Most guarantees expire within one year from the date of issuance, however, some expire at various dates over the next six years. If a borrower defaults on its commitments subject to any letter of credit issued under these arrangements, we would be required to meet the borrower's financial obligation but would seek repayment of that financial obligation from the borrower. In some cases, borrowers have pledged cash and investment securities as collateral with us under these arrangements. | ||||||||
In addition, the Company has investments in low income housing project partnerships, which provide the Company income tax credits, and in a few small business investment companies. The investments call for capital contributions up to an amount specified in the partnership agreements. As of June 30, 2014 and December 31, 2013, the Company had commitments to contribute capital to these entities totaling $15.0 million and $11.0 million, respectively. In connection with equity investments added from the CapitalSource Inc. merger, we have committed to contribute up to an additional $2.8 million to 13 private equity funds. | ||||||||
Legal Matters | ||||||||
In the ordinary course of our business, we are party to various legal actions, which we believe are incidental to the operation of our business. The outcome of such legal actions and the timing of ultimate resolution are inherently difficult to predict. In the opinion of management, based upon information currently available to us, any resulting liability, in addition to amounts already accrued, would not have a material adverse effect on the Company’s financial statements or operations. | ||||||||
FCAL-Related Litigation | ||||||||
The fourteen lawsuits filed in the Superior Court of the State of California, County of Los Angeles against FCB, among others, by various former clients of political campaign and non-profit organization treasurer Kinde Durkee were settled in court, on July 15, 2014, prior to the hearing on the Bank's motion for summary judgment. The parties informed the court that they had agreed to terms of settlement with respect to all claims, with the exception of the remaining claims in the Bank's interpleader which will direct payment of the funds which remained on deposit on the day that Durkee was arrested. The settlement in the case in chief will be memorialized in writing. The terms of settlement, once performed, will result in a complete settlement and release of all claims which potentially exposed the Bank to liability. The settlement has no material effect on results of operations or liquidity. |
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||
Note 11. Fair Value Measurements | ||||||||||||||||||||||||
We use fair value to measure certain assets on a recurring basis, primarily securities available‑for‑sale; we have no liabilities being measured at fair value. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period and such measurements are therefore considered “nonrecurring” for purposes of disclosing our fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for impaired loans and other real estate owned and also to record impairment on certain assets, such as goodwill, core deposit intangibles, and other long‑lived assets. | ||||||||||||||||||||||||
The following table presents information on the assets measured and recorded at fair value on a recurring basis as of June 30, 2014: | ||||||||||||||||||||||||
Fair Value Measurements as of | ||||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||||
Measured on a Recurring Basis: | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Securities available‑for‑sale: | ||||||||||||||||||||||||
Government agency and government‑sponsored enterprise | ||||||||||||||||||||||||
pass through securities | $ | 584,757 | $ | — | $ | 584,757 | $ | — | ||||||||||||||||
Government agency and government‑sponsored enterprise | ||||||||||||||||||||||||
collateralized mortgage obligations | 287,604 | — | 287,604 | — | ||||||||||||||||||||
Covered private label CMOs | 36,522 | — | — | 36,522 | ||||||||||||||||||||
Other private label CMOs | 14,288 | — | 14,288 | — | ||||||||||||||||||||
Municipal securities | 456,566 | — | 456,566 | — | ||||||||||||||||||||
Corporate debt securities | 109,391 | — | 109,391 | — | ||||||||||||||||||||
Government‑sponsored enterprise debt securities | 36,665 | — | 36,665 | — | ||||||||||||||||||||
Other securities | 26,322 | 516 | 25,806 | — | ||||||||||||||||||||
Total | $ | 1,552,115 | $ | 516 | $ | 1,515,077 | $ | 36,522 | ||||||||||||||||
There were no transfers of assets either between Level 1 and Level 2 nor in or out of Level 3 of the fair value hierarchy for assets measured on a recurring basis during the three and six months ended June 30, 2014. | ||||||||||||||||||||||||
The following table presents information about quantitative inputs and assumptions used to determine the fair values provided by our third party pricing service for our Level 3 covered private label CMOs measured at fair value on a recurring basis as of June 30, 2014: | ||||||||||||||||||||||||
Covered Private Label CMOs | ||||||||||||||||||||||||
Unobservable Inputs: | Range of Inputs | Weighted Average Input | ||||||||||||||||||||||
Voluntary annual prepayment speeds | 0% - 34.5% | 5.60% | ||||||||||||||||||||||
Annual default rates | 0% - 39.6% | 2.80% | ||||||||||||||||||||||
Loss severity rates | 0% - 64.0% | 27.40% | ||||||||||||||||||||||
Discount rates | 0% - 8.6% | 5.20% | ||||||||||||||||||||||
The following table summarizes activity for assets measured at fair value on a recurring basis that are categorized as Level 3 for the period indicated: | ||||||||||||||||||||||||
Covered Private Label CMOs (Level 3) | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 37,904 | ||||||||||||||||||||||
Total realized in earnings | 561 | |||||||||||||||||||||||
Total unrealized gain in comprehensive income | 207 | |||||||||||||||||||||||
Net settlements | (2,150 | ) | ||||||||||||||||||||||
Balance, June 30, 2014 | $ | 36,522 | ||||||||||||||||||||||
The following tables present assets measured at fair value on a non‑recurring basis as of the date indicated and the gains and (losses) recognized on such assets for the period indicated: | ||||||||||||||||||||||||
Fair Value Measurement as of | Gain (Loss) | |||||||||||||||||||||||
June 30, 2014 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | June 30, 2014 | June 30, 2014 | |||||||||||||||||||
Measured on a Non‑Recurring Basis: | (In thousands) | |||||||||||||||||||||||
Non‑PCI impaired loans | $ | 29,043 | $ | — | $ | 5,398 | $ | 23,645 | $ | (7,671 | ) | $ | (9,051 | ) | ||||||||||
Other real estate owned | 8,059 | — | 469 | 7,590 | (482 | ) | (528 | ) | ||||||||||||||||
Total non-recurring | $ | 37,102 | $ | — | $ | 5,867 | $ | 31,235 | $ | (8,153 | ) | $ | (9,579 | ) | ||||||||||
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of June 30, 2014: | ||||||||||||||||||||||||
Asset | Fair Value | Valuation Methodology | Unobservable Inputs | Range | Weighted | |||||||||||||||||||
(in 000’s) | Average | |||||||||||||||||||||||
Non-PCI impaired loans | $ | 22,205 | Discounted cash flows | Discount rates | 4.06% - 8.66% | 6.70% | ||||||||||||||||||
$ | 1,440 | Appraisals | No discounts | |||||||||||||||||||||
OREO (one property) | $ | 7,590 | Appraisals | Discount, including 8% for selling costs | 8% | 8% | ||||||||||||||||||
ASC Topic 825, “Financial Instruments,” requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate such fair values. Additionally, certain financial instruments and all nonfinancial instruments are excluded from the applicable disclosure requirements. | ||||||||||||||||||||||||
The following tables present a summary of the carrying values and estimated fair values of certain financial instruments as of the dates indicated: | ||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||
Carrying or | Estimated Fair Value | |||||||||||||||||||||||
Contract | ||||||||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and due from banks | $ | 243,583 | $ | 243,583 | $ | 243,583 | $ | — | $ | — | ||||||||||||||
Interest‑earning deposits in financial institutions | 119,782 | 119,782 | 119,782 | — | — | |||||||||||||||||||
Securities available‑for‑sale | 1,552,115 | 1,552,115 | 516 | 1,515,077 | 36,522 | |||||||||||||||||||
Investment in FHLB stock | 49,983 | 49,983 | — | 49,983 | — | |||||||||||||||||||
Loans and leases, net | 11,107,956 | 11,232,882 | — | 5,398 | 11,227,484 | |||||||||||||||||||
Financial Liabilities: | ||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||
Demand, money market, interest checking, | ||||||||||||||||||||||||
and savings deposits | 5,738,178 | 5,738,178 | — | 5,738,178 | — | |||||||||||||||||||
Time deposits | 5,929,619 | 5,919,083 | — | 5,919,083 | — | |||||||||||||||||||
Borrowings | 4,596 | 4,606 | — | 4,606 | — | |||||||||||||||||||
Subordinated debentures | 434,878 | 418,345 | — | 418,345 | — | |||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Carrying or | Estimated Fair Value | |||||||||||||||||||||||
Contract | ||||||||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and due from banks | $ | 96,424 | $ | 96,424 | $ | 96,424 | $ | — | $ | — | ||||||||||||||
Interest‑earning deposits in financial institutions | 50,998 | 50,998 | 50,998 | — | — | |||||||||||||||||||
Securities available‑for‑sale | 1,494,745 | 1,494,745 | 507 | 1,456,334 | 37,904 | |||||||||||||||||||
Investment in FHLB stock | 27,939 | 27,939 | — | 27,939 | — | |||||||||||||||||||
Loans and leases, net | 4,230,318 | 4,231,078 | — | 2,051 | 4,229,027 | |||||||||||||||||||
SBA loan servicing asset | 807 | 807 | — | — | 807 | |||||||||||||||||||
Financial Liabilities: | ||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||
Demand, money market, interest checking, | ||||||||||||||||||||||||
and savings deposits | 4,616,616 | 4,616,616 | — | 4,616,616 | — | |||||||||||||||||||
Time deposits | 664,371 | 665,148 | — | 665,148 | — | |||||||||||||||||||
Borrowings | 113,726 | 113,726 | 106,600 | 7,126 | — | |||||||||||||||||||
Subordinated debentures | 132,645 | 132,498 | — | 132,498 | — | |||||||||||||||||||
The following is a description of the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820, “Fair Value Measurement”) and for estimating fair value for financial instruments not recorded at fair value (under ASC Topic 825). | ||||||||||||||||||||||||
Cash and due from banks. The carrying amount is assumed to be the fair value because of the liquidity of these instruments. | ||||||||||||||||||||||||
Interest‑earning deposits in financial institutions. The carrying amount is assumed to be the fair value given the short‑term nature of these deposits. | ||||||||||||||||||||||||
Securities available‑for‑sale. Securities available‑for‑sale are measured and carried at fair value on a recurring basis. Unrealized gains and losses on available‑for‑sale securities are reported as a component of “Accumulated other comprehensive income” in the condensed consolidated balance sheets. See Note 5, Investment Securities, for further information on unrealized gains and losses on securities available‑for‑sale. | ||||||||||||||||||||||||
Fair value for securities categorized as Level 1, which are publicly traded securities, are based on readily available quoted prices. In determining the fair value of the securities categorized as Level 2, we obtain a report from a nationally recognized broker‑dealer detailing the fair value of each investment security we hold as of each reporting date. The broker‑dealer uses observable market information to value our securities, with the primary source being a nationally recognized pricing service. We review the market prices provided by the broker‑dealer for our securities for reasonableness based on our understanding of the marketplace and we consider any credit issues related to the securities. As we have not made any adjustments to the market quotes provided to us and they are based on observable market data, they have been categorized as Level 2 within the fair value hierarchy. | ||||||||||||||||||||||||
Our covered private label CMOs are categorized as Level 3 due in part to the inactive market for such securities. There is a wide range of prices quoted for private label CMOs among independent third party pricing services and this range reflects the significant judgment being exercised over the assumptions and variables that determine the pricing of such securities. We consider this subjectivity to be a significant unobservable input and have concluded that the covered private label CMOs should be categorized as a Level 3 measured asset. Our fair value estimate was based on prices provided to us by a nationally recognized pricing service which we also use to determine the fair value of the majority of our securities portfolio. We determined the reasonableness of the fair values by reviewing assumptions at the individual security level about prepayment, default expectations, estimated severity loss factors, and discount rates, all of which are not directly observable in the market. Significant changes in default expectations, severity loss factors, or discount rates, which occur all together or in isolation, would result in different fair value measurements. | ||||||||||||||||||||||||
FHLB stock. Investments in FHLB stock are recorded at cost and measured for impairment quarterly. Ownership of FHLB stock is restricted to member banks and the securities do not have a readily determinable market value. Purchases and sales of these securities are at par value with the issuer. The fair value of investments in FHLB stock is equal to the carrying amount. | ||||||||||||||||||||||||
Non‑PCI impaired loans. Nonaccrual loans and performing restructured loans are considered impaired for reporting purposes and are measured and recorded at fair value on a non‑recurring basis. Non‑PCI nonaccrual loans with an unpaid principal balance over $250,000 and all performing restructured loans are reviewed individually for the amount of impairment, if any. Non‑PCI nonaccrual loans with an unpaid principal balance less than $250,000 are not individually assessed for impairment but are instead reserved for under our general reserve component. | ||||||||||||||||||||||||
To the extent a loan is collateral dependent, we measure such impaired loan based on the estimated fair value of the underlying collateral. The fair value of each loan’s collateral is generally based on estimated market prices from an independently prepared appraisal, which is then adjusted for the cost related to liquidating such collateral; such valuation inputs result in a nonrecurring fair value measurement that is categorized as a Level 2 measurement. The Level 2 measurement is based on appraisals obtained within the last 12 months and for which a charge‑off was recognized or a change in the specific valuation allowance was made during the six months ended June 30, 2014. | ||||||||||||||||||||||||
When adjustments are made to an appraised value to reflect various factors such as the age of the appraisal or known changes in the market or the collateral, such valuation inputs are considered unobservable and the fair value measurement is categorized as a Level 3 measurement. The impaired loans categorized as Level 3 also include unsecured loans and other secured loans whose fair values are based significantly on unobservable inputs such as the strength of a guarantor, including an SBA government guarantee, cash flows discounted at the effective loan rate, and management’s judgment. | ||||||||||||||||||||||||
The Non‑PCI impaired loan balances shown above as measured on a non-recurring basis represent those nonaccrual and restructured loans for which impairment was recognized during the six months ended June 30, 2014. The amounts shown as net losses include the impairment recognized during the six months ended June 30, 2014, for the loan balances shown. Of the $96.8 million of Non-PCI nonaccrual loans at June 30, 2014, $1.7 million were written down to their collateral fair values through charge‑offs during the six months ended June 30, 2014. | ||||||||||||||||||||||||
Other real estate owned ("OREO"). The fair value of foreclosed real estate is generally based on estimated market prices from independently prepared current appraisals or negotiated sales prices with potential buyers, less estimated costs to sell; such valuation inputs result in a fair value measurement that is categorized as a Level 2 measurement on a nonrecurring basis. As a matter of policy, appraisals are required annually and may be updated more frequently as circumstances require in the opinion of management. The Level 2 measurement for OREO is based on appraisals obtained within the last 12 months and for which a write‑down was recognized during the three months ended June 30, 2014. | ||||||||||||||||||||||||
When a current appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value as a result of known changes in the market or the collateral and there is no observable market price, such valuation inputs result in a fair value measurement that is categorized as a Level 3 measurement. To the extent a negotiated sales price or reduced listing price represents a significant discount to an observable market price, such valuation input would result in a fair value measurement that is also considered a Level 3 measurement. The OREO losses disclosed are write‑downs based on either a recent appraisal obtained after foreclosure or an accepted purchase offer by an independent third party received after foreclosure. | ||||||||||||||||||||||||
Deposits. Deposits are carried at historical cost. The fair value of deposits with no stated maturity, such as noninterest‑bearing demand deposits, interest checking, money market, and savings accounts, is equal to the amount payable on demand as of the balance sheet date and considered Level 2. The fair value of time deposits is based on the discounted value of contractual cash flows and considered Level 2. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. No value has been separately assigned to the Company’s long‑term relationships with its deposit customers, such as a core deposit intangible. | ||||||||||||||||||||||||
Borrowings. Borrowings include overnight FHLB advances and other fixed‑rate term borrowings. Borrowings are carried at amortized cost. The fair value of overnight FHLB advances is equal to the carrying value and considered Level 1. The fair value of fixed‑rate borrowings is calculated by discounting scheduled cash flows through the estimated maturity dates or call dates, if applicable, using estimated market discount rates that reflect current rates offered for borrowings with similar remaining maturities and characteristics and are considered Level 2. | ||||||||||||||||||||||||
Subordinated debentures. Subordinated debentures are carried at amortized cost. The fair value of subordinated debentures with variable rates is determined using a market discount rate on the expected cash flows. | ||||||||||||||||||||||||
Commitments to extend credit. The majority of our commitments to extend credit carry current market interest rates if converted to loans. Because these commitments are generally unassignable by either the borrower or us, they only have value to the borrower and us. The estimated fair value approximates the recorded deferred fee amounts and is excluded from the table above because it is not material. | ||||||||||||||||||||||||
Limitations | ||||||||||||||||||||||||
Fair value estimates are made at a specific point in time and are based on relevant market information and information about the financial instrument. These estimates do not reflect income taxes or any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a portion of the Company’s financial instruments, fair value estimates are based on what management believes to be conservative judgments regarding expected future cash flows, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimated fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Since the fair values have been estimated as of June 30, 2014, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different. |
Earnings_Per_Share_Earnings_pe
Earnings Per Share Earnings per share (Notes) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||||||
Earnings Per Share [Text Block] | ' | |||||||||||||||||||
The computations of basic and diluted net earnings per share for the periods indicated were as follows: | ||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 30-Jun-14 | 30-Jun-13 | ||||||||||||||||
($ in thousands, except per share data) | ||||||||||||||||||||
Basic earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations | $ | 11,230 | $ | 25,905 | $ | 4,396 | $ | 37,135 | $ | 17,890 | ||||||||||
Less: earnings allocated to unvested restricted stock(1) | (290 | ) | (500 | ) | (212 | ) | (424 | ) | (351 | ) | ||||||||||
Net earnings from continuing operations allocated to common shares | 10,940 | 25,405 | 4,184 | 36,711 | 17,539 | |||||||||||||||
Net loss from discontinued operations | (675 | ) | (804 | ) | (47 | ) | (1,500 | ) | (47 | ) | ||||||||||
Net earnings allocated to common shares | $ | 10,265 | $ | 24,601 | $ | 4,137 | $ | 35,211 | $ | 17,492 | ||||||||||
Weighted-average basic shares and unvested restricted stock outstanding | 98,817 | 45,799 | 40,338 | 72,454 | 38,873 | |||||||||||||||
Less: weighted-average unvested restricted stock outstanding | (678 | ) | (1,148 | ) | (1,597 | ) | (911 | ) | (1,595 | ) | ||||||||||
Weighted-average basic shares outstanding | 98,139 | 44,651 | 38,741 | 71,543 | 37,278 | |||||||||||||||
Basic earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations | $ | 0.11 | $ | 0.57 | $ | 0.11 | $ | 0.51 | $ | 0.47 | ||||||||||
Net loss from discontinued operations | (0.01 | ) | (0.02 | ) | — | (0.02 | ) | — | ||||||||||||
Net earnings | $ | 0.1 | $ | 0.55 | $ | 0.11 | $ | 0.49 | $ | 0.47 | ||||||||||
Diluted earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations allocated to common shares | $ | 10,940 | $ | 25,405 | $ | 4,184 | $ | 36,711 | $ | 17,539 | ||||||||||
Net loss from discontinued operations | (675 | ) | (804 | ) | (47 | ) | (1,500 | ) | (47 | ) | ||||||||||
Net earnings allocated to common shares | $ | 10,265 | $ | 24,601 | $ | 4,137 | $ | 35,211 | $ | 17,492 | ||||||||||
Weighted-average basic shares outstanding | 98,139 | 44,651 | 38,741 | 71,543 | 37,278 | |||||||||||||||
Diluted earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations | $ | 0.11 | $ | 0.57 | $ | 0.11 | $ | 0.51 | $ | 0.47 | ||||||||||
Net loss from discontinued operations | (0.01 | ) | (0.02 | ) | — | (0.02 | ) | — | ||||||||||||
Net earnings | $ | 0.1 | $ | 0.55 | $ | 0.11 | $ | 0.49 | $ | 0.47 | ||||||||||
________________________ | ||||||||||||||||||||
-1 | Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. |
Stock_Based_Compensation_Plans
Stock Based Compensation Plans (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' |
Note 13. Stock Based Compensation | |
The Company’s 2003 Stock Incentive Plan, or the 2003 Plan, permits stock-based compensation awards to officers, directors, key employees and consultants. As of June 30, 2014, the 2003 Plan authorized grants of stock‑based compensation instruments to purchase or issue up to 19,686,565 shares of Company common stock, subject to adjustments provided by the 2003 Plan. The authorized amount includes 10,686,565 shares that were added to the 2003 Plan as a result of the CapitalSource Inc. merger. Such shares were available for grant under the former CapitalSource Inc. Equity Incentive Plan and remain available for: (a) former employees of CapitalSource Inc. and CapitalSource Bank who remain employed with the Company, and (b) newly hired employees of the Company. As of June 30, 2014, there were 13,518,374 shares available for grant under the 2003 Plan. | |
Restricted Stock | |
At June 30, 2014, there were 1,121,850 shares of unvested time‑based restricted common stock outstanding. The awarded shares of time‑based restricted common stock vest over a service period of three to four years from the date of the grant. The time-based restricted common stock vests immediately upon a change in control of the Company, as defined in the 2003 Plan, and upon death of the employee. In April 2014, upon closing of the CapitalSource Inc. merger, 1,013,377 awarded shares of restricted common stock vested due to the triggering of the change of control provision contained within the 2003 Plan. We recorded a $26.1 million charge to earnings for the vesting of such shares. Such amount is included in acquisition, integration and reorganization costs on the accompanying condensed consolidated statements of earnings. | |
Compensation expense related to time‑based restricted stock awards is based on the fair value of the underlying stock on the award date and is recognized over the vesting period using the straight‑line method. Restricted stock amortization totaled $2.4 million, $1.6 million, and $2.0 million for the three months ended June 30, 2014, March 31, 2014, and June 30, 2013, respectively, and $4.0 million and $3.8 million for the six months ended June 30, 2014 and 2013, respectively. Such amounts are included in compensation expense on the accompanying condensed consolidated statements of earnings. | |
The amount of unrecognized compensation expense related to all unvested restricted stock as of June 30, 2014 totaled $42.6 million. |
Accumulated_Other_Compensation
Accumulated Other Compensation Income (Notes) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Accumulated Other Comprehensive Income [Abstract] | ' | |||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||
Note 14. Accumulated Other Comprehensive Income | ||||||||||||||||||||
The following table presents the activity in comprehensive income for the periods indicated: | ||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 2014 | 2013 | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
Net earnings | $ | 10,555 | $ | 25,080 | $ | 4,349 | $ | 35,635 | $ | 17,843 | ||||||||||
Unrealized holding (losses) gains arising during the period | 23,011 | 22,291 | (48,189 | ) | 45,302 | (54,599 | ) | |||||||||||||
Income tax benefit (expense) related to unrealized holding (losses) gains arising during the period | (9,663 | ) | (9,363 | ) | 20,240 | (19,026 | ) | 22,932 | ||||||||||||
Reclassification adjustment for gain included in net earnings (1) | (89 | ) | (4,752 | ) | — | (4,841 | ) | (409 | ) | |||||||||||
Income tax expense related to reclassification adjustment | 37 | 1,996 | — | 2,033 | 172 | |||||||||||||||
Other comprehensive loss, net | 13,296 | 10,172 | (27,949 | ) | 23,468 | (31,904 | ) | |||||||||||||
Comprehensive income (loss) | $ | 23,851 | $ | 35,252 | $ | (23,600 | ) | $ | 59,103 | $ | (14,061 | ) | ||||||||
____________________ | ||||||||||||||||||||
(1) | Recognized in "Gain on securities" on the Condensed Consolidated Statements of Earnings. |
Business_Segment
Business Segment | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Data | ' | |||||||||||||||
Note 15. Business Segments | ||||||||||||||||
The Company’s reportable segments consist of “PWB Community Banking,” “National Lending,” and “Other.” In prior periods, the segments consisted of “Banking,” “Asset Financing,” and “Other.” The Asset Financing segment in prior periods included the asset-based lending and leasing operations of Pacific Western Equipment Finance, BFI Business Finance, First Community Financial and Celtic Capital Corporation. | ||||||||||||||||
As a result of the CapitalSource Inc. merger, Pacific Western Bank established the CapitalSource Division, which we also refer to as the National Lending segment. The CapitalSource Division, or National Lending segment, includes the lending operations gained through the CapitalSource Inc. merger, Pacific Western Equipment Finance, and the CapitalSource Business Finance Group (formerly BFI Business Finance and First Community Financial). We reorganized our asset-based lending and leasing operations when we established the CapitalSource Division combining BFI Business Finance and First Community Financial into the Capital Source Business Finance Group, selling Celtic Capital Corporation in July 2014, and having Pacific Western Equipment Finance and the Capital Source Business Finance Group become part of the CapitalSource Division. The CapitalSource Division provides on a nationwide basis a full spectrum of financing solutions across numerous industries and property types to middle market businesses, including senior secured real estate loans, equipment loans and leases, asset-based loans, lender finance loans and cash flow loans secured by the enterprise value of the borrowing entity. The CapitalSource Division’s loan and lease origination efforts are conducted through offices located in Chevy Chase, Maryland; Los Angeles and San Jose, California; Denver, Colorado; Chicago, Illinois; New York, New York; and Midvale, Utah. | ||||||||||||||||
The PWB Community Banking and National Lending segments include all of the operations of Pacific Western Bank. The PWB Community Banking segment includes the operations of Pacific Western Bank, excluding the CapitalSource Division, and includes lending and deposit gathering activities conducted primarily through its California-based branch offices and the Bank’s treasury management function. The Other segment consists of holding company operations which result in expenses principally for compensation, facilities, professional services, interest on subordinated debentures, and the non-bank subsidiary operations including interest income from a loan portfolio and related loan servicing expense. | ||||||||||||||||
The accounting policies of the reported segments are the same as those of the Company described in Note 1, “Nature of Operations and Summary of Significant Accounting Policies,” of our Form 10‑K. Transactions between segments consist primarily of borrowed funds and expense allocations for interest, deposit gathering, corporate overhead and credit loss provisions. Intersegment interest expense is allocated from the PWB Community Banking segment to the National Lending segment based upon National Lending’s average interest-earning assets and operating leases, net of a capital allocation, and the Bank’s total cost of deposits. The PWB Community Banking segment further allocates to the National Lending segment noninterest expense for deposit gathering, maintenance costs and the Bank’s corporate overhead. The provision for credit losses is allocated based on actual charge‑offs for the period as well as net portfolio growth and credit quality trends. All costs associated with investing the Bank’s excess liquidity and the PWB Community Bank’s lending and loan servicing activities are housed in the PWB Community Banking segment. Noninterest income and noninterest expense directly attributable to a segment are assigned to it. | ||||||||||||||||
The following tables present information regarding our business segments as of and for the periods indicated: | ||||||||||||||||
30-Jun-14 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,537,994 | $ | 7,599,030 | $ | 53,081 | $ | 11,190,105 | ||||||||
Allowance for loan and lease losses | (66,039 | ) | (16,110 | ) | — | (82,149 | ) | |||||||||
Total loans and leases, net | $ | 3,471,955 | $ | 7,582,920 | $ | 53,081 | $ | 11,107,956 | ||||||||
Goodwill | $ | 279,296 | $ | 1,445,857 | $ | — | $ | 1,725,153 | ||||||||
Core deposit and customer relationship intangibles, net | 19,330 | 1,101 | — | 20,431 | ||||||||||||
Total assets | 6,100,939 | 9,275,500 | 308,427 | 15,684,866 | ||||||||||||
Total deposits(1) | 11,909,853 | 28,302 | (270,358 | ) | 11,667,797 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
30-Jun-13 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,947,322 | $ | 472,364 | $ | — | $ | 4,419,686 | ||||||||
Allowance for loan and lease losses | (84,917 | ) | (5,726 | ) | — | (90,643 | ) | |||||||||
Total loans and leases, net | $ | 3,862,405 | $ | 466,638 | $ | — | $ | 4,329,043 | ||||||||
Goodwill | $ | 183,512 | $ | 25,678 | $ | — | $ | 209,190 | ||||||||
Core deposit and customer relationship intangibles, net | 17,958 | 2,232 | — | 20,190 | ||||||||||||
Total assets | 6,189,202 | 510,630 | 9,270 | 6,709,102 | ||||||||||||
Total deposits(1) | 5,557,871 | — | (34,871 | ) | 5,523,000 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 69,977 | $ | 132,742 | $ | 1,644 | $ | 204,363 | ||||||||
Interest expense | (7,450 | ) | (62 | ) | (4,318 | ) | (11,830 | ) | ||||||||
Intersegment interest income (expense) | 4,071 | (4,071 | ) | — | — | |||||||||||
Net interest income (expense) | 66,598 | 128,609 | (2,674 | ) | 192,533 | |||||||||||
Negative provision (provision) for credit losses | 4,418 | (9,448 | ) | — | (5,030 | ) | ||||||||||
Gain on securities | 89 | — | — | 89 | ||||||||||||
FDIC loss sharing expense | (8,525 | ) | — | — | (8,525 | ) | ||||||||||
Other noninterest income | 3,681 | 12,487 | 747 | 16,915 | ||||||||||||
Total noninterest income | (4,755 | ) | 12,487 | 747 | 8,479 | |||||||||||
Foreclosed assets expense (income), net | (633 | ) | 38 | 98 | (497 | ) | ||||||||||
Intangible asset amortization | (1,530 | ) | (147 | ) | — | (1,677 | ) | |||||||||
Acquisition, integration and reorganization costs | (77,713 | ) | (7,474 | ) | (1,055 | ) | (86,242 | ) | ||||||||
Other noninterest expense | (51,507 | ) | (24,484 | ) | (5,499 | ) | (81,490 | ) | ||||||||
Total noninterest expense | (131,383 | ) | (32,067 | ) | (6,456 | ) | (169,906 | ) | ||||||||
Intersegment noninterest income (expense) | 23,533 | (23,533 | ) | — | — | |||||||||||
Total noninterest expense - adjusted | (107,850 | ) | (55,600 | ) | (6,456 | ) | (169,906 | ) | ||||||||
(Loss) earnings from continuing operations before taxes | (41,589 | ) | 76,048 | (8,383 | ) | 26,076 | ||||||||||
Income tax benefit (expense) | 12,081 | (30,259 | ) | 3,332 | (14,846 | ) | ||||||||||
Net (loss) earnings from continuing operations | (29,508 | ) | 45,789 | (5,051 | ) | 11,230 | ||||||||||
Loss from discontinued operations before taxes | (1,151 | ) | — | — | (1,151 | ) | ||||||||||
Income tax benefit | 476 | — | — | 476 | ||||||||||||
Net loss from discontinued operations | (675 | ) | — | — | (675 | ) | ||||||||||
Net (loss) earnings | $ | (30,183 | ) | $ | 45,789 | $ | (5,051 | ) | $ | 10,555 | ||||||
Three Months Ended March 31, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 77,595 | $ | 10,765 | $ | — | $ | 88,360 | ||||||||
Interest expense | (1,227 | ) | (77 | ) | (1,041 | ) | (2,345 | ) | ||||||||
Intersegment interest income (expense) | 222 | (222 | ) | — | — | |||||||||||
Net interest income | 76,590 | 10,466 | (1,041 | ) | 86,015 | |||||||||||
Negative provision (provision) for credit losses | 826 | (182 | ) | — | 644 | |||||||||||
Gain on securities | 4,752 | — | — | 4,752 | ||||||||||||
FDIC loss sharing (income) expense | (11,430 | ) | — | — | (11,430 | ) | ||||||||||
Other noninterest income | 6,897 | 4,445 | 27 | 11,369 | ||||||||||||
Total noninterest income | 219 | 4,445 | 27 | 4,691 | ||||||||||||
Foreclosed assets expense, net | 1,861 | — | — | 1,861 | ||||||||||||
Intangible asset amortization | (1,191 | ) | (173 | ) | — | (1,364 | ) | |||||||||
Acquisition, integration and reorganization costs | (2,200 | ) | — | — | (2,200 | ) | ||||||||||
Other noninterest expense | (40,990 | ) | (6,573 | ) | (1,603 | ) | (49,166 | ) | ||||||||
Total noninterest expense | (42,520 | ) | (6,746 | ) | (1,603 | ) | (50,869 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 35,115 | 7,983 | (2,617 | ) | 40,481 | |||||||||||
Income tax (expense) benefit | (12,334 | ) | (3,331 | ) | 1,089 | (14,576 | ) | |||||||||
Net earnings (loss) from continuing operations | 22,781 | 4,652 | (1,528 | ) | 25,905 | |||||||||||
Loss from discontinued operations before taxes | (1,413 | ) | — | — | (1,413 | ) | ||||||||||
Income tax benefit | 588 | — | — | 588 | ||||||||||||
Net loss from discontinued operations | (825 | ) | — | — | (825 | ) | ||||||||||
Net earnings (loss) | $ | 21,956 | $ | 4,652 | $ | (1,528 | ) | $ | 25,080 | |||||||
Three Months Ended June 30, 2013 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 59,321 | $ | 12,310 | $ | — | $ | 71,631 | ||||||||
Interest expense | (2,080 | ) | (196 | ) | (882 | ) | (3,158 | ) | ||||||||
Intersegment interest income (expense) | 460 | (460 | ) | — | — | |||||||||||
Net interest income | 57,701 | 11,654 | (882 | ) | 68,473 | |||||||||||
Negative provision (provision) for credit losses | 2,607 | (765 | ) | — | 1,842 | |||||||||||
FDIC loss sharing expense | (5,410 | ) | — | — | (5,410 | ) | ||||||||||
Other noninterest income | 4,995 | 592 | 26 | 5,613 | ||||||||||||
Total noninterest income | (415 | ) | 592 | 26 | 203 | |||||||||||
Foreclosed assets income (expense), net | 14 | — | — | 14 | ||||||||||||
Intangible asset amortization | (1,127 | ) | (157 | ) | — | (1,284 | ) | |||||||||
Acquisition, integration and reorganization costs | (17,997 | ) | — | — | (17,997 | ) | ||||||||||
Other noninterest expense | (37,571 | ) | (5,980 | ) | (1,398 | ) | (44,949 | ) | ||||||||
Total noninterest expense | (56,681 | ) | (6,137 | ) | (1,398 | ) | (64,216 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 3,212 | 5,344 | (2,254 | ) | 6,302 | |||||||||||
Income tax (expense) benefit | (612 | ) | (2,237 | ) | 943 | (1,906 | ) | |||||||||
Net earnings (loss) from continuing operations | 2,600 | 3,107 | (1,311 | ) | 4,396 | |||||||||||
Loss from discontinued operations before taxes | (81 | ) | — | — | (81 | ) | ||||||||||
Income tax benefit | 34 | — | — | 34 | ||||||||||||
Net loss from discontinued operations | (47 | ) | — | — | (47 | ) | ||||||||||
Net earnings (loss) | $ | 2,553 | $ | 3,107 | $ | (1,311 | ) | $ | 4,349 | |||||||
Six Months Ended June 30, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 147,572 | $ | 143,507 | $ | 1,644 | $ | 292,723 | ||||||||
Interest expense | (8,677 | ) | (139 | ) | (5,359 | ) | (14,175 | ) | ||||||||
Intersegment interest income (expense) | 4,293 | (4,293 | ) | — | — | |||||||||||
Net interest income (expense) | 143,188 | 139,075 | (3,715 | ) | 278,548 | |||||||||||
Negative provision (provision) for credit losses | 5,244 | (9,630 | ) | — | (4,386 | ) | ||||||||||
Gain on securities | 4,841 | — | — | 4,841 | ||||||||||||
FDIC loss sharing expense | (19,955 | ) | — | — | (19,955 | ) | ||||||||||
Other noninterest income | 10,578 | 16,932 | 774 | 28,284 | ||||||||||||
Total noninterest income | (4,536 | ) | 16,932 | 774 | 13,170 | |||||||||||
Foreclosed assets income (expense), net | 1,228 | 38 | 98 | 1,364 | ||||||||||||
Intangible asset amortization | (2,721 | ) | (320 | ) | — | (3,041 | ) | |||||||||
Acquisition, integration and reorganization costs | (79,913 | ) | (7,474 | ) | (1,055 | ) | (88,442 | ) | ||||||||
Other noninterest expense | (92,497 | ) | (31,057 | ) | (7,102 | ) | (130,656 | ) | ||||||||
Total noninterest expense | (173,903 | ) | (38,813 | ) | (8,059 | ) | (220,775 | ) | ||||||||
Intersegment noninterest income (expense) | 23,533 | (23,533 | ) | — | — | |||||||||||
Total noninterest expense - adjusted | (150,370 | ) | (62,346 | ) | (8,059 | ) | (220,775 | ) | ||||||||
(Loss) earnings from continuing operations before taxes | (6,474 | ) | 84,031 | (11,000 | ) | 66,557 | ||||||||||
Income tax (expense) benefit | (253 | ) | (33,590 | ) | 4,421 | (29,422 | ) | |||||||||
Net (loss) earnings from continuing operations | (6,727 | ) | 50,441 | (6,579 | ) | 37,135 | ||||||||||
Loss from discontinued operations before taxes | (2,564 | ) | — | — | (2,564 | ) | ||||||||||
Income tax benefit | 1,064 | — | — | 1,064 | ||||||||||||
Net loss from discontinued operations | (1,500 | ) | — | — | (1,500 | ) | ||||||||||
Net (loss) earnings | $ | (8,227 | ) | $ | 50,441 | $ | (6,579 | ) | $ | 35,635 | ||||||
Six Months Ended June 30, 2013 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 116,228 | $ | 24,672 | $ | — | $ | 140,900 | ||||||||
Interest expense | (4,730 | ) | (339 | ) | (1,665 | ) | (6,734 | ) | ||||||||
Intersegment interest income (expense) | 931 | (931 | ) | — | — | |||||||||||
Net interest income | 112,429 | 23,402 | (1,665 | ) | 134,166 | |||||||||||
Negative provision (provision) for credit losses | 271 | (1,566 | ) | — | (1,295 | ) | ||||||||||
Gain on securities | 409 | — | — | 409 | ||||||||||||
FDIC loss sharing expense | (8,547 | ) | — | — | (8,547 | ) | ||||||||||
Other noninterest income | 9,996 | 1,136 | 49 | 11,181 | ||||||||||||
Total noninterest income | 1,858 | 1,136 | 49 | 3,043 | ||||||||||||
Foreclosed assets income, net | 514 | — | — | 514 | ||||||||||||
Intangible asset amortization | (2,120 | ) | (340 | ) | — | (2,460 | ) | |||||||||
Acquisition, integration and reorganization costs | (18,689 | ) | — | — | (18,689 | ) | ||||||||||
Other noninterest expense | (72,917 | ) | (12,033 | ) | (2,814 | ) | (87,764 | ) | ||||||||
Total noninterest expense | (93,212 | ) | (12,373 | ) | (2,814 | ) | (108,399 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 21,346 | 10,599 | (4,430 | ) | 27,515 | |||||||||||
Income tax (expense) benefit | (7,042 | ) | (4,436 | ) | 1,853 | (9,625 | ) | |||||||||
Net earnings (loss) from continuing operations | 14,304 | 6,163 | (2,577 | ) | 17,890 | |||||||||||
Loss from discontinued operations before taxes | (81 | ) | — | — | (81 | ) | ||||||||||
Income tax benefit | 34 | — | — | 34 | ||||||||||||
Net loss from discontinued operations | (47 | ) | — | — | (47 | ) | ||||||||||
Net earnings (loss) | $ | 14,257 | $ | 6,163 | $ | (2,577 | ) | $ | 17,843 | |||||||
The following tables present information regarding our business segments as of and for the periods indicated: | ||||||||||||||||
30-Jun-14 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,537,994 | $ | 7,599,030 | $ | 53,081 | $ | 11,190,105 | ||||||||
Allowance for loan and lease losses | (66,039 | ) | (16,110 | ) | — | (82,149 | ) | |||||||||
Total loans and leases, net | $ | 3,471,955 | $ | 7,582,920 | $ | 53,081 | $ | 11,107,956 | ||||||||
Goodwill | $ | 279,296 | $ | 1,445,857 | $ | — | $ | 1,725,153 | ||||||||
Core deposit and customer relationship intangibles, net | 19,330 | 1,101 | — | 20,431 | ||||||||||||
Total assets | 6,100,939 | 9,275,500 | 308,427 | 15,684,866 | ||||||||||||
Total deposits(1) | 11,909,853 | 28,302 | (270,358 | ) | 11,667,797 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
30-Jun-13 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,947,322 | $ | 472,364 | $ | — | $ | 4,419,686 | ||||||||
Allowance for loan and lease losses | (84,917 | ) | (5,726 | ) | — | (90,643 | ) | |||||||||
Total loans and leases, net | $ | 3,862,405 | $ | 466,638 | $ | — | $ | 4,329,043 | ||||||||
Goodwill | $ | 183,512 | $ | 25,678 | $ | — | $ | 209,190 | ||||||||
Core deposit and customer relationship intangibles, net | 17,958 | 2,232 | — | 20,190 | ||||||||||||
Total assets | 6,189,202 | 510,630 | 9,270 | 6,709,102 | ||||||||||||
Total deposits(1) | 5,557,871 | — | (34,871 | ) | 5,523,000 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. |
Related_Party_Transaction_Note
Related Party Transaction (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Note 16. Related Party Transactions | |
In connection with the CapitalSource Inc. merger, the Bank paid an advisory fee of $9 million to Castle Creek Financial LLC (“Castle Creek Financial”). In connection with the FCAL acquisition on May 31, 2013, the Bank paid an advisory fee of $1.3 million to Castle Creek Financial. Castle Creek Financial is an affiliate of Castle Creek Capital LLC, which the Company's Chairman of the Board, Mr. Eggemeyer, is co-founder and chief executive. |
Recently_Issued_Accounting_Sta
Recently Issued Accounting Standards (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Recently Issued Accounting Standards [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
Note 17. Recently Issued Accounting Standards | |
In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014‑01, “Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects.” ASU 2014‑01 allows investors in low‑income housing tax credit (“LIHTC”) entities that meet certain conditions to present the net tax benefits (net of the amortization of the cost of the investment) within income tax expense. The cost of the investments that meet the conditions will be amortized in proportion to (and over the same period as) the total expected tax benefits, including tax credits and other tax benefits, as they are realized on the tax return. ASU 2014‑01 is effective for us on January 1, 2015 and is to be applied retrospectively if investors elect the proportional amortization method. However, if investors have LIHTC investments accounted for under the effective yield method at adoption, they may continue to apply that method for those existing investments. Early adoption is permitted. The adoption of this standard permits expenses currently reported in noninterest expense to be reported in income tax expense. The adoption of this standard in January 2015 will not have a material impact on our financial statements, however, total noninterest expense and income tax expense may change. | |
In January 2014, the FASB issued ASU 2014‑04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310‑40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure.” ASU 2014‑04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans receivable to other real estate owned. ASU 2014‑04 defines when an in‑substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014‑04 is effective for us on January 1, 2015 and can be applied either prospectively or using a modified retrospective transition method, and early adoption is permitted. We do not expect the adoption of this standard in January 2015 to have a material impact on our financial statements. | |
In April 2014, the FASB issued ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU 2014-08 is an amendment to Subtopic 205-20 that changes the criteria for reporting discontinued operations by raising the threshold for disposals to qualify as discontinued operations. Effectively, this update aims to reduce the unnecessarily frequent reporting of disposals of small groups of assets that are recurring in nature. The revised definition states that a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 is effective for us for all disposals that occur starting January 2015. The adoption of this standard will not have a material impact on our financial statements. | |
ASU 2014-09, "Revenue Recognition (Topic 606): Revenue from Contracts with Customers," was issued May 2014 and will be effective for annual and interim periods beginning after December 15, 2016. Early application is not permitted. ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. | |
ASU 2014-12, "Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period," was issued June 2014 and will be effective for annual and interim periods beginning after December 15, 2015. ASU 2014-12 applies to all reporting entities that grant their employees share-based payments in which the terms of the award provide for a performance target that affects vesting could be achieved after the requisite service period. That is the case when an employee is eligible to retire or otherwise terminate employment before the end of the period in which a performance target (for example, an initial public offering or a profitability target) could be achieved and still be eligible to vest in the award if and when the performance target is achieved. We do not currently have outstanding performance-based awards and, as a result, ASU 2014-12 would not impact our financial statements and its related disclosures. |
Subsequent_Events_Notes
Subsequent Events (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
On August 6, 2014, the services agreement dated May 8, 2011, between the Company and Castle Creek Financial was terminated. Castle Creek Financial is an affiliate of Castle Creek Capital LLC, for which the Company’s Chairman of the Board is co-founder and chief executive. | |
Dividend Approval | |
On August 6, 2014, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on August 26, 2014 to stockholders of record at the close of business on August 18, 2014. | |
We have evaluated events that have occurred subsequent to June 30, 2014 and have concluded there are no subsequent events that would require recognition in the accompanying consolidated financial statements. |
Acquisitions_Acquisitions_Tabl
Acquisitions Acquisitions Tables | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | |||||||||||||||
The following assets acquired and liabilities assumed of CapitalSource Inc. and FCAL are presented at estimated fair value as of their respective acquisition dates: | ||||||||||||||||
Acquisition and Date Acquired | ||||||||||||||||
CapitalSource Inc. | First California Financial Group | |||||||||||||||
7-Apr-14 | 31-May-13 | |||||||||||||||
(In thousands) | ||||||||||||||||
Assets Acquired: | ||||||||||||||||
Cash and due from banks | $ | 768,553 | $ | 6,124 | ||||||||||||
Interest‑earning deposits in financial institutions | 60,612 | 266,889 | ||||||||||||||
Investment securities available‑for‑sale | 383,723 | 4,444 | ||||||||||||||
FHLB SF stock | 46,060 | 9,518 | ||||||||||||||
Loans and leases | 6,886,035 | 1,049,613 | ||||||||||||||
Equipment leased to others under operating leases | 160,015 | — | ||||||||||||||
Premises and equipment | 12,663 | 15,322 | ||||||||||||||
Foreclosed assets | 6,382 | 13,772 | ||||||||||||||
FDIC loss sharing asset | — | 17,241 | ||||||||||||||
Income tax assets | 300,310 | 33,360 | ||||||||||||||
Goodwill | 1,523,055 | 129,070 | ||||||||||||||
Core deposit and customer relationship intangibles | 6,720 | 7,927 | ||||||||||||||
Other assets | 580,499 | 27,576 | ||||||||||||||
Total assets acquired | $ | 10,734,627 | $ | 1,580,856 | ||||||||||||
Liabilities Assumed: | ||||||||||||||||
Noninterest‑bearing deposits | $ | 4,631 | $ | 361,166 | ||||||||||||
Interest‑bearing deposits | 6,236,419 | 739,713 | ||||||||||||||
Other borrowings | 992,109 | — | ||||||||||||||
Subordinated debentures | 300,918 | 24,061 | ||||||||||||||
Discontinued operations | — | 184,619 | ||||||||||||||
Accrued interest payable and other liabilities | 123,362 | 19,729 | ||||||||||||||
Total liabilities assumed | $ | 7,657,439 | $ | 1,329,288 | ||||||||||||
Total consideration paid | $ | 3,077,188 | $ | 251,568 | ||||||||||||
Summary of consideration: | ||||||||||||||||
Cash paid | $ | 483,118 | $ | — | ||||||||||||
PacWest common stock issued | 2,594,070 | 242,268 | ||||||||||||||
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value) | — | 9,300 | ||||||||||||||
Total | $ | 3,077,188 | $ | 251,568 | ||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | |||||||||||||||
No assumptions have been applied to the pro forma results of operations regarding possible revenue enhancements, expense efficiencies or asset dispositions. | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
(Dollars in thousands, except per share data) | ||||||||||||||||
Pro forma revenues (net interest income plus noninterest income) | $ | 200,371 | $ | 194,344 | $ | 407,107 | $ | 402,659 | ||||||||
Pro forma net earnings from continuing operations | $ | 60,899 | $ | 46,972 | $ | 124,502 | $ | 100,789 | ||||||||
Pro forma net earnings from continuing operations per share: | ||||||||||||||||
Basic | $ | 0.59 | $ | 0.45 | $ | 1.23 | $ | 0.97 | ||||||||
Diluted | $ | 0.59 | $ | 0.45 | $ | 1.23 | $ | 0.97 | ||||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||
Goodwill Disclosure [Text Block] | ' | |||||||||||||||||||
The following table presents the changes in the carrying amount of goodwill for the period indicated: | ||||||||||||||||||||
Goodwill | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
Balance, December 31, 2013 | $ | 208,743 | ||||||||||||||||||
Addition from the CapitalSource Inc. merger | 1,523,055 | |||||||||||||||||||
Write-off of goodwill | (6,645 | ) | ||||||||||||||||||
Balance, June 30, 2014 | $ | 1,725,153 | ||||||||||||||||||
Intangible Assets Disclosure [Text Block] | ' | |||||||||||||||||||
The following table presents the changes in CDI and CRI and the related accumulated amortization for the periods indicated: | ||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 2014 | 2013 | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
Gross Amount of CDI and CRI: | ||||||||||||||||||||
Balance, beginning of period | $ | 48,963 | $ | 48,963 | $ | 45,412 | $ | 48,963 | $ | 45,412 | ||||||||||
Additions | 6,720 | — | 7,927 | 6,720 | 7,927 | |||||||||||||||
Fully amortized portion | (1,293 | ) | — | — | (1,293 | ) | — | |||||||||||||
Write-off | (1,300 | ) | — | — | (1,300 | ) | — | |||||||||||||
Balance, end of period | 53,090 | 48,963 | 53,339 | 53,090 | 53,339 | |||||||||||||||
Accumulated Amortization: | ||||||||||||||||||||
Balance, beginning of period | (33,079 | ) | (31,715 | ) | (31,865 | ) | (31,715 | ) | (30,689 | ) | ||||||||||
Amortization | (1,677 | ) | (1,364 | ) | (1,284 | ) | (3,041 | ) | (2,460 | ) | ||||||||||
Fully amortized portion | 1,293 | — | — | 1,293 | — | |||||||||||||||
Write-off | 804 | — | — | 804 | — | |||||||||||||||
Balance, end of period | (32,659 | ) | (33,079 | ) | (33,149 | ) | (32,659 | ) | (33,149 | ) | ||||||||||
Net CDI and CRI, end of period | $ | 20,431 | $ | 15,884 | $ | 20,190 | $ | 20,431 | $ | 20,190 | ||||||||||
Investments_Tables
Investments (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following table presents amortized cost, gross unrealized gains and losses, and carrying values of securities available-for-sale. As of June 30, 2014 and December 31, 2013, our investment securities, available-for-sale were as follows: | ||||||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||
Government agency and | ||||||||||||||||||||||||||||||||
government-sponsored enterprise | ||||||||||||||||||||||||||||||||
pass through securities | $ | 563,820 | $ | 21,382 | $ | (445 | ) | $ | 584,757 | $ | 691,944 | $ | 18,012 | $ | (2,768 | ) | $ | 707,188 | ||||||||||||||
Government agency and | ||||||||||||||||||||||||||||||||
government-sponsored enterprise | ||||||||||||||||||||||||||||||||
collateralized mortgage obligations | 286,347 | 2,766 | (1,509 | ) | 287,604 | 197,069 | 388 | (4,584 | ) | 192,873 | ||||||||||||||||||||||
Covered private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 28,913 | 7,709 | (100 | ) | 36,522 | 30,502 | 7,552 | (150 | ) | 37,904 | ||||||||||||||||||||||
Other private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 14,287 | 9 | (8 | ) | 14,288 | — | — | — | — | |||||||||||||||||||||||
Municipal securities | 453,890 | 9,286 | (6,610 | ) | 456,566 | 459,182 | 1,749 | (24,273 | ) | 436,658 | ||||||||||||||||||||||
Corporate debt securities | 107,669 | 1,789 | (67 | ) | 109,391 | 84,119 | 71 | (1,483 | ) | 82,707 | ||||||||||||||||||||||
Government-sponsored enterprise debt | ||||||||||||||||||||||||||||||||
securities | 36,198 | 467 | — | 36,665 | 10,046 | — | (174 | ) | 9,872 | |||||||||||||||||||||||
Other securities | 26,301 | 45 | (24 | ) | 26,322 | 27,654 | 2 | (113 | ) | 27,543 | ||||||||||||||||||||||
Total | $ | 1,517,425 | $ | 43,453 | $ | (8,763 | ) | $ | 1,552,115 | $ | 1,500,516 | $ | 27,774 | $ | (33,545 | ) | $ | 1,494,745 | ||||||||||||||
Unrealized losses on investment securities | ' | |||||||||||||||||||||||||||||||
Unrealized Losses on Investment Securities | ||||||||||||||||||||||||||||||||
As of June 30, 2014 and December 31, 2013, the gross unrealized losses and fair values of investment securities that were in unrealized loss positions, for which other-than-temporary impairments have not been recognized in earnings, were as follows: | ||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||
Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise pass through | ||||||||||||||||||||||||||||||||
securities | $ | 954 | $ | (2 | ) | $ | 42,325 | $ | (443 | ) | $ | 43,279 | $ | (445 | ) | |||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 95,351 | (374 | ) | 42,971 | (1,135 | ) | 138,322 | (1,509 | ) | |||||||||||||||||||||||
Covered private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | — | — | 1,088 | (100 | ) | 1,088 | (100 | ) | ||||||||||||||||||||||||
Other private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 6,809 | (8 | ) | — | — | 6,809 | (8 | ) | ||||||||||||||||||||||||
Municipal securities | 9,655 | (10 | ) | 206,241 | (6,600 | ) | 215,896 | (6,610 | ) | |||||||||||||||||||||||
Corporate debt securities | 22,219 | (29 | ) | 2,795 | (38 | ) | 25,014 | (67 | ) | |||||||||||||||||||||||
Government-sponsored enterprise debt | ||||||||||||||||||||||||||||||||
securities | — | — | — | — | — | — | ||||||||||||||||||||||||||
Other securities | — | — | 10,029 | (24 | ) | 10,029 | (24 | ) | ||||||||||||||||||||||||
Total | $ | 134,988 | $ | (423 | ) | $ | 305,449 | $ | (8,340 | ) | $ | 440,437 | $ | (8,763 | ) | |||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||
Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | Fair Value | Gross Unrealized Losses | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise pass through | ||||||||||||||||||||||||||||||||
securities | $ | 148,662 | $ | (2,767 | ) | $ | 32 | $ | (1 | ) | $ | 148,694 | $ | (2,768 | ) | |||||||||||||||||
Government agency and government- | ||||||||||||||||||||||||||||||||
sponsored enterprise collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 179,938 | (4,486 | ) | 4,383 | (98 | ) | 184,321 | (4,584 | ) | |||||||||||||||||||||||
Covered private label collateralized | ||||||||||||||||||||||||||||||||
mortgage obligations | 1,640 | (60 | ) | 617 | (90 | ) | 2,257 | (150 | ) | |||||||||||||||||||||||
Municipal securities | 337,208 | (24,273 | ) | — | — | 337,208 | (24,273 | ) | ||||||||||||||||||||||||
Corporate debt securities | 72,636 | (1,483 | ) | — | — | 72,636 | (1,483 | ) | ||||||||||||||||||||||||
Government-sponsored enterprise debt | ||||||||||||||||||||||||||||||||
securities | 9,872 | (174 | ) | — | — | 9,872 | (174 | ) | ||||||||||||||||||||||||
Other securities | 23,969 | (113 | ) | — | — | 23,969 | (113 | ) | ||||||||||||||||||||||||
Total | $ | 773,925 | $ | (33,356 | ) | $ | 5,032 | $ | (189 | ) | $ | 778,957 | $ | (33,545 | ) | |||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||||||||||
The following table presents the contractual maturities of our available-for-sale securities portfolio based on amortized cost and carrying value as of the date indicated. | ||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||
Amortized Cost | Estimated Fair Value | |||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Due in one year or less | $ | 2,803 | $ | 2,804 | ||||||||||||||||||||||||||||
Due after one year through five years | 58,523 | 58,864 | ||||||||||||||||||||||||||||||
Due after five years through ten years | 264,647 | 268,537 | ||||||||||||||||||||||||||||||
Due after ten years | 1,191,452 | 1,221,910 | ||||||||||||||||||||||||||||||
Total securities available-for-sale | $ | 1,517,425 | $ | 1,552,115 | ||||||||||||||||||||||||||||
Investment Income [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following table presents the composition of our interest income on investment securities: | ||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 2014 | 2013 | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Taxable interest | $ | 7,668 | $ | 6,920 | $ | 5,388 | $ | 14,584 | $ | 10,951 | ||||||||||||||||||||||
Non-taxable interest | 3,333 | 3,328 | 2,716 | 6,661 | 5,141 | |||||||||||||||||||||||||||
Dividend income | 985 | 575 | 310 | 1,564 | 538 | |||||||||||||||||||||||||||
Total interest income on investment securities | $ | 11,986 | $ | 10,823 | $ | 8,414 | $ | 22,809 | $ | 16,630 | ||||||||||||||||||||||
Loans_and_Credit_Quality_Table
Loans and Credit Quality (Tables) | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | |||||||||||||||||||||||||||
Accretable Yield on Purchased Credit Impaired Loans [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table summarizes the accretable yield on the PCI loans acquired in the CapitalSource Inc. merger as of April 7, 2014: | ||||||||||||||||||||||||||||
April 7, 2014 | ||||||||||||||||||||||||||||
Accretable Yield | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Undiscounted contractual cash flows | $ | 297,224 | ||||||||||||||||||||||||||
Undiscounted cash flows not expected to be collected (nonaccretable difference) | (195,654 | ) | ||||||||||||||||||||||||||
Undiscounted cash flows expected to be collected | 101,570 | |||||||||||||||||||||||||||
Estimated fair value of PCI loans acquired | (87,842 | ) | ||||||||||||||||||||||||||
Accretable yield | $ | 13,728 | ||||||||||||||||||||||||||
Schedule Of Composition of Loans Portfolio [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table summarizes the composition of our loan and lease portfolio as of the dates indicated: | ||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
Non-PCI | Non-PCI | |||||||||||||||||||||||||||
Loans | PCI | Loans | PCI | |||||||||||||||||||||||||
and Leases | Loans | Total | and Leases | Loans | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 5,241,860 | $ | 359,160 | $ | 5,601,020 | $ | 2,424,864 | $ | 371,134 | $ | 2,795,998 | ||||||||||||||||
Real estate construction | 300,499 | 10,035 | 310,534 | 209,090 | 10,427 | 219,517 | ||||||||||||||||||||||
Commercial | 5,196,755 | 28,939 | 5,225,694 | 1,241,776 | 974 | 1,242,750 | ||||||||||||||||||||||
Consumer | 62,939 | 337 | 63,276 | 54,809 | 261 | 55,070 | ||||||||||||||||||||||
Total gross loans and leases | 10,802,053 | 398,471 | 11,200,524 | 3,930,539 | 382,796 | 4,313,335 | ||||||||||||||||||||||
Deferred fees and costs | (10,384 | ) | (35 | ) | (10,419 | ) | (983 | ) | — | (983 | ) | |||||||||||||||||
Total loans and leases, net of unearned income | 10,791,669 | 398,436 | 11,190,105 | 3,929,556 | 382,796 | 4,312,352 | ||||||||||||||||||||||
Allowance for loan and lease losses | (65,523 | ) | (16,626 | ) | (82,149 | ) | (60,241 | ) | (21,793 | ) | (82,034 | ) | ||||||||||||||||
Total net loans and leases | $ | 10,726,146 | $ | 381,810 | $ | 11,107,956 | $ | 3,869,315 | $ | 361,003 | $ | 4,230,318 | ||||||||||||||||
Allowance for Loan Losses | ' | |||||||||||||||||||||||||||
The following tables present a summary of the activity in the allowance for loan and lease losses on Non‑PCI loans and leases by portfolio segment and PCI loans for the periods indicated: | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 24,352 | $ | 4,103 | $ | 27,740 | $ | 3,785 | $ | 59,980 | $ | 21,200 | $ | 81,180 | ||||||||||||||
Charge-offs | (487 | ) | — | (326 | ) | (17 | ) | (830 | ) | (4,604 | ) | (5,434 | ) | |||||||||||||||
Recoveries | 376 | 64 | 587 | 215 | 1,242 | — | 1,242 | |||||||||||||||||||||
Provision (negative provision) | (1,965 | ) | 135 | 7,529 | (568 | ) | 5,131 | 30 | 5,161 | |||||||||||||||||||
Balance, end of period | $ | 22,276 | $ | 4,302 | $ | 35,530 | $ | 3,415 | $ | 65,523 | $ | 16,626 | $ | 82,149 | ||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 26,078 | $ | 4,298 | $ | 26,921 | $ | 2,944 | $ | 60,241 | $ | 21,793 | $ | 82,034 | ||||||||||||||
Charge-offs | (581 | ) | — | (1,767 | ) | (32 | ) | (2,380 | ) | (4,553 | ) | (6,933 | ) | |||||||||||||||
Recoveries | 636 | 88 | 965 | 242 | 1,931 | — | 1,931 | |||||||||||||||||||||
Provision (negative provision) | (3,857 | ) | (84 | ) | 9,411 | 261 | 5,731 | (614 | ) | 5,117 | ||||||||||||||||||
Balance, end of period | $ | 22,276 | $ | 4,302 | $ | 35,530 | $ | 3,415 | $ | 65,523 | $ | 16,626 | $ | 82,149 | ||||||||||||||
Amount of the allowance applicable to loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,245 | $ | 238 | $ | 12,531 | $ | 321 | $ | 15,335 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 20,031 | $ | 4,064 | $ | 22,999 | $ | 3,094 | $ | 50,188 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 16,626 | ||||||||||||||||||||||||||
Loan and Leases: | ||||||||||||||||||||||||||||
Ending balance | $ | 5,236,452 | $ | 298,477 | $ | 5,193,735 | $ | 63,005 | $ | 10,791,669 | $ | 398,436 | $ | 11,190,105 | ||||||||||||||
The ending balance of the loan and lease portfolio is composed of loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 62,287 | $ | 12,797 | $ | 51,488 | $ | 3,971 | $ | 130,543 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 5,174,165 | $ | 285,680 | $ | 5,142,247 | $ | 59,034 | $ | 10,661,126 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 398,436 | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 37,265 | $ | 3,300 | $ | 23,157 | $ | 1,494 | $ | 65,216 | $ | 29,303 | $ | 94,519 | ||||||||||||||
Charge-offs | (3,237 | ) | — | (1,370 | ) | (27 | ) | (4,634 | ) | (64 | ) | (4,698 | ) | |||||||||||||||
Recoveries | 1,336 | 12 | 1,297 | 19 | 2,664 | — | 2,664 | |||||||||||||||||||||
Provision (negative provision) | (3,560 | ) | 120 | 3,259 | 181 | — | (1,842 | ) | (1,842 | ) | ||||||||||||||||||
Balance, end of period | $ | 31,804 | $ | 3,432 | $ | 26,343 | $ | 1,667 | $ | 63,246 | $ | 27,397 | $ | 90,643 | ||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||||
Real Estate Mortgage | Real Estate Construction | Commercial | Consumer | Total Non-PCI | Total PCI | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||
Balance, beginning of period | $ | 38,700 | $ | 3,221 | $ | 22,252 | $ | 1,726 | $ | 65,899 | $ | 26,069 | $ | 91,968 | ||||||||||||||
Charge-offs | (3,559 | ) | (2,192 | ) | (36 | ) | (5,787 | ) | — | (5,787 | ) | |||||||||||||||||
Recoveries | 1,513 | 335 | 1,704 | 42 | 3,594 | 33 | 3,627 | |||||||||||||||||||||
Provision (negative provision) | (4,850 | ) | (124 | ) | 4,579 | (65 | ) | (460 | ) | 1,295 | 835 | |||||||||||||||||
Balance, end of period | $ | 31,804 | $ | 3,432 | $ | 26,343 | $ | 1,667 | $ | 63,246 | $ | 27,397 | $ | 90,643 | ||||||||||||||
Amount of the allowance applicable to loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,548 | $ | 62 | $ | 7,270 | $ | 240 | $ | 11,120 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 28,256 | $ | 3,370 | $ | 19,073 | $ | 1,427 | $ | 52,126 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 27,397 | ||||||||||||||||||||||||||
Loan and Leases: | ||||||||||||||||||||||||||||
Ending balance | $ | 2,559,639 | $ | 197,776 | $ | 1,140,219 | $ | 28,596 | $ | 3,926,230 | $ | 494,389 | $ | 4,420,619 | ||||||||||||||
The ending balance of the loan and lease portfolio is composed of loans and leases: | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 96,293 | $ | 14,966 | $ | 23,275 | $ | 698 | $ | 135,232 | ||||||||||||||||||
Collectively evaluated for impairment | $ | 2,463,346 | $ | 182,810 | $ | 1,116,944 | $ | 27,898 | $ | 3,790,998 | ||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 494,389 | ||||||||||||||||||||||||||
CV of Loans Held for Investment by class by performing and nonperforming | ' | |||||||||||||||||||||||||||
The following table presents the credit risk rating categories for Non‑PCI loans and leases by portfolio segment and class as of the dates indicated. Nonclassified loans and leases are those with a credit risk rating of either pass or special mention, while classified loans and leases are those with a credit risk rating of either substandard or doubtful. | ||||||||||||||||||||||||||||
30-Jun-14 | December 31, 2013 | |||||||||||||||||||||||||||
Nonclassified | Classified | Total | Nonclassified | Classified | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 533,930 | $ | 15,376 | $ | 549,306 | $ | 168,216 | $ | 12,337 | $ | 180,553 | ||||||||||||||||
SBA | 338,366 | 8,032 | 346,398 | 39,869 | 5,297 | 45,166 | ||||||||||||||||||||||
Other | 4,239,013 | 101,735 | 4,340,748 | 2,132,109 | 64,279 | 2,196,388 | ||||||||||||||||||||||
Total real estate mortgage | 5,111,309 | 125,143 | 5,236,452 | 2,340,194 | 81,913 | 2,422,107 | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 70,634 | 1,285 | 71,919 | 58,131 | 750 | 58,881 | ||||||||||||||||||||||
Commercial | 221,572 | 4,986 | 226,558 | 142,607 | 6,291 | 148,898 | ||||||||||||||||||||||
Total real estate construction | 292,206 | 6,271 | 298,477 | 200,738 | 7,041 | 207,779 | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 400,672 | 45,550 | 446,222 | 567,643 | 18,838 | 586,481 | ||||||||||||||||||||||
Unsecured | 144,188 | 1,309 | 145,497 | 151,896 | 1,856 | 153,752 | ||||||||||||||||||||||
Asset-based | 1,472,731 | 15,481 | 1,488,212 | 195,569 | 6,859 | 202,428 | ||||||||||||||||||||||
Cash flow | 2,062,811 | 76,106 | 2,138,917 | — | — | — | ||||||||||||||||||||||
Equipment finance | 906,187 | 26,367 | 932,554 | 272,851 | 632 | 273,483 | ||||||||||||||||||||||
SBA | 38,237 | 4,096 | 42,333 | 22,880 | 5,761 | 28,641 | ||||||||||||||||||||||
Total commercial | 5,024,826 | 168,909 | 5,193,735 | 1,210,839 | 33,946 | 1,244,785 | ||||||||||||||||||||||
Consumer | 58,701 | 4,304 | 63,005 | 50,474 | 4,411 | 54,885 | ||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 10,487,042 | $ | 304,627 | $ | 10,791,669 | $ | 3,802,245 | $ | 127,311 | $ | 3,929,556 | ||||||||||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table summarizes the changes in the carrying amount of PCI loans and accretable yield on those loans for the period indicated: | ||||||||||||||||||||||||||||
Carrying Amount | Accretable Yield | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 361,003 | $ | (139,568 | ) | |||||||||||||||||||||||
Addition | 87,842 | (13,728 | ) | |||||||||||||||||||||||||
Accretion | 32,319 | 32,319 | ||||||||||||||||||||||||||
Payments received | (98,740 | ) | — | |||||||||||||||||||||||||
Decrease in expected cash flows, net | — | (8,048 | ) | |||||||||||||||||||||||||
Provision for credit losses | (614 | ) | — | |||||||||||||||||||||||||
Balance, June 30, 2014 | $ | 381,810 | $ | (129,025 | ) | |||||||||||||||||||||||
Non Purchased Credit Impaired Loans and Leases [Member] | ' | |||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | |||||||||||||||||||||||||||
Delinquent loans in loan portfolio | ' | |||||||||||||||||||||||||||
The following tables present an aging analysis of our Non‑PCI loans and leases by portfolio segment and class as of the dates indicated: | ||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||
30-89 Days Past Due | 90 or More | Total Past Due | Current | Total Loans | ||||||||||||||||||||||||
Days Past Due | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | — | $ | — | $ | — | $ | 549,306 | $ | 549,306 | ||||||||||||||||||
SBA | 3,125 | 1,788 | 4,913 | 341,485 | 346,398 | |||||||||||||||||||||||
Other | 1,974 | 12,903 | 14,877 | 4,325,871 | 4,340,748 | |||||||||||||||||||||||
Total real estate mortgage | 5,099 | 14,691 | 19,790 | 5,216,662 | 5,236,452 | |||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | — | 542 | 542 | 71,377 | 71,919 | |||||||||||||||||||||||
Commercial | — | 1,487 | 1,487 | 225,071 | 226,558 | |||||||||||||||||||||||
Total real estate construction | — | 2,029 | 2,029 | 296,448 | 298,477 | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 6,606 | 182 | 6,788 | 439,434 | 446,222 | |||||||||||||||||||||||
Unsecured | 145 | 18 | 163 | 145,334 | 145,497 | |||||||||||||||||||||||
Asset-based | — | — | — | 1,488,212 | 1,488,212 | |||||||||||||||||||||||
Cash flow | — | — | — | 2,138,917 | 2,138,917 | |||||||||||||||||||||||
Equipment finance | — | 1,941 | 1,941 | 930,613 | 932,554 | |||||||||||||||||||||||
SBA | 143 | 184 | 327 | 42,006 | 42,333 | |||||||||||||||||||||||
Total commercial | 6,894 | 2,325 | 9,219 | 5,184,516 | 5,193,735 | |||||||||||||||||||||||
Consumer | 128 | 3,235 | 3,363 | 59,642 | 63,005 | |||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 12,121 | $ | 22,280 | $ | 34,401 | $ | 10,757,268 | $ | 10,791,669 | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||
30-89 Days Past Due | 90 or More | Total Past Due | Current | Total Loans | ||||||||||||||||||||||||
Days Past Due | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | — | $ | — | $ | — | $ | 180,553 | $ | 180,553 | ||||||||||||||||||
SBA | 2,564 | — | 2,564 | 42,602 | 45,166 | |||||||||||||||||||||||
Other | 13,026 | 2,406 | 15,432 | 2,180,956 | 2,196,388 | |||||||||||||||||||||||
Total real estate mortgage | 15,590 | 2,406 | 17,996 | 2,404,111 | 2,422,107 | |||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | — | — | — | 58,881 | 58,881 | |||||||||||||||||||||||
Commercial | — | 2,013 | 2,013 | 146,885 | 148,898 | |||||||||||||||||||||||
Total real estate construction | — | 2,013 | 2,013 | 205,766 | 207,779 | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 473 | 259 | 732 | 585,749 | 586,481 | |||||||||||||||||||||||
Unsecured | 83 | 68 | 151 | 153,601 | 153,752 | |||||||||||||||||||||||
Asset-based | — | — | — | 202,428 | 202,428 | |||||||||||||||||||||||
Equipment finance | 2,662 | 244 | 2,906 | 270,577 | 273,483 | |||||||||||||||||||||||
SBA | 1,770 | 243 | 2,013 | 26,628 | 28,641 | |||||||||||||||||||||||
Total commercial | 4,988 | 814 | 5,802 | 1,238,983 | 1,244,785 | |||||||||||||||||||||||
Consumer | 3,319 | — | 3,319 | 51,566 | 54,885 | |||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 23,897 | $ | 5,233 | $ | 29,130 | $ | 3,900,426 | $ | 3,929,556 | ||||||||||||||||||
Financing Receivable Non Accrual And Performing [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table presents our nonaccrual and performing Non‑PCI loans and leases by portfolio segment and class as of the dates indicated: | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||
Nonaccrual | Performing | Total | Nonaccrual | Performing | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | 542,754 | $ | 549,306 | $ | 6,723 | $ | 173,830 | $ | 180,553 | ||||||||||||||||
SBA | 8,032 | 338,366 | 346,398 | 2,602 | 42,564 | 45,166 | ||||||||||||||||||||||
Other | 28,098 | 4,312,650 | 4,340,748 | 18,648 | 2,177,740 | 2,196,388 | ||||||||||||||||||||||
Total real estate mortgage | 42,682 | 5,193,770 | 5,236,452 | 27,973 | 2,394,134 | 2,422,107 | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 927 | 70,992 | 71,919 | 389 | 58,492 | 58,881 | ||||||||||||||||||||||
Commercial | 2,737 | 223,821 | 226,558 | 2,830 | 146,068 | 148,898 | ||||||||||||||||||||||
Total real estate construction | 3,664 | 294,813 | 298,477 | 3,219 | 204,560 | 207,779 | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 11,247 | 434,975 | 446,222 | 9,991 | 576,490 | 586,481 | ||||||||||||||||||||||
Unsecured | 322 | 145,175 | 145,497 | 458 | 153,294 | 153,752 | ||||||||||||||||||||||
Asset-based | 4,874 | 1,483,338 | 1,488,212 | 1,070 | 201,358 | 202,428 | ||||||||||||||||||||||
Cash flow | 15,793 | 2,123,124 | 2,138,917 | — | — | — | ||||||||||||||||||||||
Equipment finance | 10,576 | 921,978 | 932,554 | 632 | 272,851 | 273,483 | ||||||||||||||||||||||
SBA | 4,096 | 38,237 | 42,333 | 3,037 | 25,604 | 28,641 | ||||||||||||||||||||||
Total commercial | 46,908 | 5,146,827 | 5,193,735 | 15,188 | 1,229,597 | 1,244,785 | ||||||||||||||||||||||
Consumer | 3,548 | 59,457 | 63,005 | 394 | 54,491 | 54,885 | ||||||||||||||||||||||
Total Non-PCI loans and leases | $ | 96,802 | $ | 10,694,867 | $ | 10,791,669 | $ | 46,774 | $ | 3,882,782 | $ | 3,929,556 | ||||||||||||||||
Schedule Of Non Accrual and Performing Restructured Impaired Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||||
Non‑PCI nonaccrual loans and leases and performing restructured loans are considered impaired for reporting purposes. The following table presents the composition of our impaired loans and leases as of the dates indicated: | ||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
Performing | Total | Performing | Total | |||||||||||||||||||||||||
Nonaccrual | Restructured | Impaired | Nonaccrual | Restructured | Impaired | |||||||||||||||||||||||
Loans/Leases | Loans | Loans/Leases | Loans/Leases | Loans | Loans/Leases | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 42,682 | $ | 19,605 | $ | 62,287 | $ | 27,973 | $ | 34,303 | $ | 62,276 | ||||||||||||||||
Real estate construction | 3,664 | 9,133 | 12,797 | 3,219 | 4,293 | 7,512 | ||||||||||||||||||||||
Commercial | 46,908 | 4,580 | 51,488 | 15,188 | 2,744 | 17,932 | ||||||||||||||||||||||
Consumer | 3,548 | 423 | 3,971 | 394 | 308 | 702 | ||||||||||||||||||||||
Total | $ | 96,802 | $ | 33,741 | $ | 130,543 | $ | 46,774 | $ | 41,648 | $ | 88,422 | ||||||||||||||||
Impaired loans | ' | |||||||||||||||||||||||||||
The following tables present information regarding our Non‑PCI impaired loans and leases by portfolio segment and class for the dates indicated: | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related | Recorded Investment | Unpaid Principal Balance | Related | |||||||||||||||||||||||
Allowance | Allowance | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
With An Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 1,974 | $ | 1,973 | $ | 117 | $ | 5,717 | $ | 6,215 | $ | 198 | ||||||||||||||||
SBA | — | — | — | 1,642 | 1,643 | 230 | ||||||||||||||||||||||
Other | 14,329 | 14,446 | 2,128 | 15,937 | 16,571 | 1,760 | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 771 | 770 | 150 | 778 | 778 | 168 | ||||||||||||||||||||||
Commercial | 435 | 432 | 88 | 1,250 | 1,250 | 1 | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 11,958 | 12,389 | 10,380 | 4,377 | 4,692 | 4,270 | ||||||||||||||||||||||
Unsecured | 701 | 712 | 414 | 801 | 829 | 375 | ||||||||||||||||||||||
Asset-based | 269 | — | 269 | 1,070 | 1,070 | 180 | ||||||||||||||||||||||
Cash flow | — | — | — | — | — | — | ||||||||||||||||||||||
Equipment finance | 1,941 | 1,941 | 1,468 | — | — | — | ||||||||||||||||||||||
SBA | — | — | — | 1,136 | 1,136 | 178 | ||||||||||||||||||||||
Consumer | 3,651 | 3,751 | 321 | 424 | 471 | 240 | ||||||||||||||||||||||
With No Related Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | 7,593 | $ | — | $ | 3,013 | $ | 3,385 | $ | — | ||||||||||||||||
SBA | 8,032 | 10,787 | — | 2,602 | 3,646 | — | ||||||||||||||||||||||
Other | 31,400 | 43,753 | — | 33,365 | 46,062 | — | ||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 542 | 550 | — | — | — | — | ||||||||||||||||||||||
Commercial | 11,049 | 15,575 | — | 5,484 | 9,923 | — | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 3,188 | 4,656 | — | 6,700 | 9,924 | — | ||||||||||||||||||||||
Unsecured | 304 | 424 | — | 179 | 247 | — | ||||||||||||||||||||||
Asset-based | 4,604 | 5,315 | — | — | — | — | ||||||||||||||||||||||
Cash flow | 15,792 | 17,525 | — | — | — | — | ||||||||||||||||||||||
Equipment finance | 8,635 | 12,700 | — | 632 | 632 | — | ||||||||||||||||||||||
SBA | 4,096 | 5,304 | — | 3,037 | 4,945 | — | ||||||||||||||||||||||
Consumer | 320 | 439 | — | 278 | 394 | — | ||||||||||||||||||||||
Total Non-PCI Loans and Leases With and Without an Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 62,287 | $ | 78,552 | $ | 2,245 | $ | 62,276 | $ | 77,522 | $ | 2,188 | ||||||||||||||||
Real estate construction | 12,797 | 17,327 | 238 | 7,512 | 11,951 | 169 | ||||||||||||||||||||||
Commercial | 51,488 | 60,966 | 12,531 | 17,932 | 23,475 | 5,003 | ||||||||||||||||||||||
Consumer | 3,971 | 4,190 | 321 | 702 | 865 | 240 | ||||||||||||||||||||||
Total | $ | 130,543 | $ | 161,035 | $ | 15,335 | $ | 88,422 | $ | 113,813 | $ | 7,600 | ||||||||||||||||
Impaired Financing Receivables, Average Balances And Interest Income Recognized | ' | |||||||||||||||||||||||||||
Three Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Weighted Average | Interest | Weighted Average | Interest | |||||||||||||||||||||||||
Balance(1) | Income | Balance(1) | Income | |||||||||||||||||||||||||
Recognized | Recognized | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
With An Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 1,974 | $ | 20 | $ | 8,779 | $ | 226 | ||||||||||||||||||||
SBA | — | — | 1,659 | 23 | ||||||||||||||||||||||||
Other | 14,329 | 174 | 51,327 | 513 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 771 | 4 | 393 | — | ||||||||||||||||||||||||
Commercial | 435 | 6 | 8,540 | 87 | ||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 5,986 | 43 | 3,804 | 10 | ||||||||||||||||||||||||
Unsecured | 701 | 6 | 2,062 | 8 | ||||||||||||||||||||||||
Asset-based | 269 | — | 223 | 5 | ||||||||||||||||||||||||
Cash flow | — | — | — | — | ||||||||||||||||||||||||
Equipment finance | 1,322 | — | — | — | ||||||||||||||||||||||||
SBA | — | — | 1,094 | 12 | ||||||||||||||||||||||||
Consumer | 3,571 | 5 | 436 | 3 | ||||||||||||||||||||||||
With No Related Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | — | $ | — | $ | — | ||||||||||||||||||||
SBA | 4,271 | — | 2,935 | — | ||||||||||||||||||||||||
Other | 27,100 | 79 | 25,041 | 133 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 542 | — | 441 | — | ||||||||||||||||||||||||
Commercial | 11,049 | 71 | 4,568 | (59 | ) | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 1,985 | 24 | 4,266 | — | ||||||||||||||||||||||||
Unsecured | 304 | — | 179 | — | ||||||||||||||||||||||||
Asset-based | 4,604 | — | — | — | ||||||||||||||||||||||||
Cash flow | 174 | — | — | — | ||||||||||||||||||||||||
Equipment finance | 7,476 | — | 244 | — | ||||||||||||||||||||||||
SBA | 1,406 | — | 2,872 | 5 | ||||||||||||||||||||||||
Consumer | 274 | — | 173 | — | ||||||||||||||||||||||||
Total Non-PCI Loans and Leases With and Without an Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 54,226 | $ | 273 | $ | 89,741 | $ | 895 | ||||||||||||||||||||
Real estate construction | 12,797 | 81 | 13,942 | 28 | ||||||||||||||||||||||||
Commercial | 24,227 | 73 | 14,744 | 40 | ||||||||||||||||||||||||
Consumer | 3,845 | 5 | 609 | 3 | ||||||||||||||||||||||||
Total | $ | 95,095 | $ | 432 | $ | 119,036 | $ | 966 | ||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | For the loans and leases (excluding PCI loans) reported as impaired at June 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period. | |||||||||||||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Weighted Average | Interest | Weighted Average | Interest | |||||||||||||||||||||||||
Balance(1) | Income | Balance(1) | Income | |||||||||||||||||||||||||
Recognized | Recognized | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
With An Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 1,974 | $ | 40 | $ | 8,779 | $ | 247 | ||||||||||||||||||||
SBA | — | — | 1,659 | 45 | ||||||||||||||||||||||||
Other | 13,127 | 277 | 50,276 | 1,010 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 771 | 8 | 393 | — | ||||||||||||||||||||||||
Commercial | 221 | 7 | 8,540 | 179 | ||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 4,843 | 49 | 2,795 | 18 | ||||||||||||||||||||||||
Unsecured | 684 | 12 | 2,062 | 17 | ||||||||||||||||||||||||
Asset-based | 269 | — | 112 | 5 | ||||||||||||||||||||||||
Cash flow | — | — | — | — | ||||||||||||||||||||||||
Equipment finance | 665 | — | — | — | ||||||||||||||||||||||||
SBA | — | — | 1,094 | 23 | ||||||||||||||||||||||||
Consumer | 2,761 | 9 | 436 | 5 | ||||||||||||||||||||||||
With No Related Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage: | ||||||||||||||||||||||||||||
Hospitality | $ | 6,552 | $ | — | $ | — | $ | — | ||||||||||||||||||||
SBA | 4,193 | — | 2,911 | — | ||||||||||||||||||||||||
Other | 23,697 | 153 | 20,777 | 190 | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
Residential | 339 | — | 441 | — | ||||||||||||||||||||||||
Commercial | 8,214 | 97 | 4,317 | (29 | ) | |||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 1,532 | 31 | 2,773 | — | ||||||||||||||||||||||||
Unsecured | 295 | — | 160 | — | ||||||||||||||||||||||||
Asset-based | 2,340 | — | — | — | ||||||||||||||||||||||||
Cash flow | 87 | — | — | — | ||||||||||||||||||||||||
Equipment finance | 6,245 | — | 244 | — | ||||||||||||||||||||||||
SBA | 1,406 | — | 2,782 | 11 | ||||||||||||||||||||||||
Consumer | 253 | — | 163 | — | ||||||||||||||||||||||||
Total Non-PCI Loans and Leases With and Without an Allowance Recorded: | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 49,543 | $ | 470 | $ | 84,402 | $ | 1,492 | ||||||||||||||||||||
Real estate construction | 9,545 | 112 | 13,691 | 150 | ||||||||||||||||||||||||
Commercial | 18,366 | 92 | 12,022 | 74 | ||||||||||||||||||||||||
Consumer | 3,014 | 9 | 599 | 5 | ||||||||||||||||||||||||
Total | $ | 80,468 | $ | 683 | $ | 110,714 | $ | 1,721 | ||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | For the loans and leases (excluding PCI loans) reported as impaired at June 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period. | |||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables | ' | |||||||||||||||||||||||||||
The following tables present new troubled debt restructurings of Non-PCI loans for the periods indicated: | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | 4 | $ | 1,341 | $ | 1,341 | — | $ | — | $ | — | ||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 2 | 59 | 59 | 3 | 3,518 | 3,518 | ||||||||||||||||||||||
Unsecured | — | — | — | 2 | 398 | 398 | ||||||||||||||||||||||
Asset-based | — | — | — | 1 | 2,032 | 2,032 | ||||||||||||||||||||||
SBA | — | — | — | 4 | 137 | 137 | ||||||||||||||||||||||
Consumer | — | — | — | 1 | 14 | 14 | ||||||||||||||||||||||
Total | 6 | $ | 1,400 | $ | 1,400 | 11 | $ | 6,099 | $ | 6,099 | ||||||||||||||||||
Six Months Ended June 30, 2014 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Loans | Pre- Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||
(Dollars In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | 8 | $ | 3,856 | $ | 3,856 | 5 | $ | 13,223 | $ | 13,223 | ||||||||||||||||||
Real estate construction - Commercial | 2 | 4,920 | 4,920 | — | — | — | ||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Collateralized | 6 | 3,346 | 3,346 | 4 | 3,913 | 3,913 | ||||||||||||||||||||||
Unsecured | 2 | 38 | 38 | 2 | 398 | 398 | ||||||||||||||||||||||
Asset-based | — | — | — | 1 | 2,032 | 2,032 | ||||||||||||||||||||||
SBA | — | — | — | 4 | 137 | 137 | ||||||||||||||||||||||
Consumer | 1 | 124 | 124 | 1 | 14 | 14 | ||||||||||||||||||||||
Total | 19 | $ | 12,284 | $ | 12,284 | 17 | $ | 19,717 | $ | 19,717 | ||||||||||||||||||
The following tables present troubled debt restructurings that subsequently defaulted for the periods indicated: | ||||||||||||||||||||||||||||
Three Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||
That Subsequently Defaulted: | Loans | Investment(1) | Loans | Investment(1) | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | — | $ | — | 1 | $ | 1,350 | ||||||||||||||||||||||
Commercial - Collateralized | — | — | 3 | 788 | ||||||||||||||||||||||||
Total | — | $ | — | 4 | $ | 2,138 | -2 | |||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period. | |||||||||||||||||||||||||||
-2 | Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million. | |||||||||||||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||
That Subsequently Defaulted: | Loans | Investment(1) | Loans | Investment(1) | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Real estate mortgage - Other | — | $ | — | 2 | $ | 2,556 | ||||||||||||||||||||||
Commercial - Collateralized | 2 | 427 | 3 | 788 | ||||||||||||||||||||||||
Total | 2 | $ | 427 | -2 | 5 | $ | 3,344 | -3 | ||||||||||||||||||||
_________________________ | ||||||||||||||||||||||||||||
-1 | The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period. | |||||||||||||||||||||||||||
-2 | Represents the balance at June 30, 2014, and is net of charge-offs of $0.2 million | |||||||||||||||||||||||||||
-3 | Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million | |||||||||||||||||||||||||||
Purchased Credit Impaired Loans and Leases [Member] | ' | |||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | |||||||||||||||||||||||||||
CV of Loans Held for Investment by class by performing and nonperforming | ' | |||||||||||||||||||||||||||
The following table presents the credit risk rating categories for PCI loans by portfolio segment as of the dates indicated. Nonclassified loans are those with a credit risk rating of either pass or special mention, while classified loans are those with a credit risk rating of either substandard or doubtful. | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||
Nonclassified | Classified | Total | Nonclassified | Classified | Total | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 185,641 | $ | 173,489 | $ | 359,130 | $ | 216,092 | $ | 155,042 | $ | 371,134 | ||||||||||||||||
Real estate construction | 3,623 | 6,407 | 10,030 | 4,399 | 6,028 | 10,427 | ||||||||||||||||||||||
Commercial | 350 | 28,590 | 28,940 | 569 | 405 | 974 | ||||||||||||||||||||||
Consumer | — | 336 | 336 | — | 261 | 261 | ||||||||||||||||||||||
Total PCI loans | $ | 189,614 | $ | 208,822 | $ | 398,436 | $ | 221,060 | $ | 161,736 | $ | 382,796 | ||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table reflects the PCI loans by portfolio segment as of the dates indicated: | ||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Real estate mortgage | $ | 395,500 | $ | 412,791 | ||||||||||||||||||||||||
Real estate construction | 10,763 | 12,015 | ||||||||||||||||||||||||||
Commercial | 29,824 | 3,021 | ||||||||||||||||||||||||||
Consumer | 408 | 424 | ||||||||||||||||||||||||||
Total gross PCI loans | 436,495 | 428,251 | ||||||||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
Discount | (38,059 | ) | (45,455 | ) | ||||||||||||||||||||||||
Allowance for loan losses | (16,626 | ) | (21,793 | ) | ||||||||||||||||||||||||
Total net PCI loans | $ | 381,810 | $ | 361,003 | ||||||||||||||||||||||||
Foreclosed_Assets_Tables
Foreclosed Assets (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Other Real Estate Owned Net Covered and NonCovered Including Foreclosed Assets [Abstract] | ' | |||||||
Other Real Estate and Foreclosed Assets [Table Text Block] | ' | |||||||
The following tables summarize foreclosed assets at the dates indicated: | ||||||||
Property Type | 30-Jun-14 | 31-Dec-13 | ||||||
(In thousands) | ||||||||
Commercial real estate | $ | 10,770 | $ | 15,753 | ||||
Construction and land development | 32,682 | 35,063 | ||||||
Multi‑family | 835 | 835 | ||||||
Single family residence | 31 | 186 | ||||||
Total other real estate owned, net | 44,318 | 51,837 | ||||||
Other foreclosed assets | 9,503 | 4,054 | ||||||
Total foreclosed assets | $ | 53,821 | $ | 55,891 | ||||
Other Foreclosed Assets Rollforward [Table Text Block] | ' | |||||||
The following table presents a rollforward of foreclosed assets, net of the valuation allowance, for the periods indicated: | ||||||||
Foreclosed Assets | ||||||||
(In thousands) | ||||||||
Balance, December 31, 2013 | $ | 55,891 | ||||||
Addition from the CapitalSource Inc. merger | 6,382 | |||||||
Foreclosures | 667 | |||||||
Provision for losses | (368 | ) | ||||||
Reductions related to sales | (8,751 | ) | ||||||
Balance, June 30, 2014 | $ | 53,821 | ||||||
FDIC_Loss_Sharing_Asset_Tables
FDIC Loss Sharing Asset (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
FDIC Loss Sharing Asset [Abstract] | ' | |||||||||||||||||||
FDIC Indemnification Asset Roll Forward [Table Text Block] | ' | |||||||||||||||||||
The following table presents the changes in the FDIC loss sharing asset for the period indicated: | ||||||||||||||||||||
FDIC Loss Sharing Asset | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
Balance, December 31, 2013 | $ | 45,524 | ||||||||||||||||||
FDIC share of additional losses, net of recoveries | (4,153 | ) | ||||||||||||||||||
Cash paid to the FDIC | 2,645 | |||||||||||||||||||
Net amortization | (15,182 | ) | ||||||||||||||||||
Balance, June 30, 2014 | $ | 28,834 | ||||||||||||||||||
Schedule of Composition of Loss Sharing Assets and True Up Liability [Table Text Block] | ' | |||||||||||||||||||
The following table presents information about the composition of the FDIC loss sharing asset, the true‑up liability, and the non‑single family and the single family covered assets as of the date indicated: | ||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Affinity Bank | Los Padres Bank | Western Commercial Bank | San Luis Trust Bank | Total | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
FDIC loss sharing asset | $ | 2,315 | $ | 15,101 | $ | 1,605 | $ | 9,813 | $ | 28,834 | ||||||||||
True‑up liability | N/A | N/A | $ | 1,555 | $ | 5,271 | $ | 6,826 | ||||||||||||
Non-single family covered assets(1) | $ | 156,509 | $ | 111,413 | $ | 14,068 | $ | 37,327 | $ | 319,317 | ||||||||||
Single family covered assets | $ | 12,701 | $ | 69,584 | N/A | $ | 32,813 | $ | 115,098 | |||||||||||
Loss sharing expiration dates: | ||||||||||||||||||||
Non‑single family | 3rd Quarter 2014 | 3rd Quarter 2015 | 4th Quarter 2015 | 1st Quarter 2016 | ||||||||||||||||
Single family | 3rd Quarter 2019 | 3rd Quarter 2020 | N/A | 1st Quarter 2021 | ||||||||||||||||
Loss recovery expiration dates: | ||||||||||||||||||||
Non‑single family | 3rd Quarter 2017 | 3rd Quarter 2018 | 4th Quarter 2018 | 1st Quarter 2019 | ||||||||||||||||
Single family | 3rd Quarter 2019 | 3rd Quarter 2020 | N/A | 1st Quarter 2021 | ||||||||||||||||
_______________________ | ||||||||||||||||||||
-1 | Excludes securities. |
Borrowings_Tables
Borrowings (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Borrowings Subordinated Debentures And Brokered Deposits [Abstract] | ' | |||||||||||||||||||
Schedule of Debt [Table Text Block] | ' | |||||||||||||||||||
The following table summarizes our borrowings as of the dates indicated: | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Amount | Rate | Amount | Rate | |||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Non‑recourse debt | $ | 4,596 | 6.2 | % | $ | 7,126 | 6.3 | % | ||||||||||||
FHLB advances | — | — | % | 106,600 | 0.06 | % | ||||||||||||||
Total borrowings | $ | 4,596 | $ | 113,726 | ||||||||||||||||
Subordinated Borrowings Disclosure [Text Block] | ' | |||||||||||||||||||
The following table summarizes the terms of each issuance of subordinated debentures outstanding as of the dates indicated: | ||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||
Date | Maturity | Rate Index | ||||||||||||||||||
Series | Amount | Rate (1) | Amount | Rate (2) | Issued | Date | (Quarterly Reset) | |||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Trust V | $ | 10,310 | 3.33 | % | $ | 10,310 | 3.34 | % | 8/15/03 | 9/17/33 | 3 month LIBOR + 3.10 | |||||||||
Trust VI | 10,310 | 3.28 | % | 10,310 | 3.29 | % | 9/3/03 | 9/15/33 | 3 month LIBOR + 3.05 | |||||||||||
Trust CII | 5,155 | 3.18 | % | 5,155 | 3.19 | % | 9/17/03 | 9/17/33 | 3 month LIBOR + 2.95 | |||||||||||
Trust VII | 61,856 | 2.98 | % | 61,856 | 2.99 | % | 2/5/04 | 4/23/34 | 3 month LIBOR + 2.75 | |||||||||||
Trust CIII | 20,619 | 1.92 | % | 20,619 | 1.93 | % | 8/15/05 | 9/15/35 | 3 month LIBOR + 1.69 | |||||||||||
Trust FCCI | 16,495 | 1.83 | % | 16,495 | 1.84 | % | 1/25/07 | 3/15/37 | 3 month LIBOR + 1.60 | |||||||||||
Trust FCBI | 10,310 | 1.78 | % | 10,310 | 1.79 | % | 9/30/05 | 12/15/35 | 3 month LIBOR + 1.55 | |||||||||||
Trust CS 2005-1 (3) | 82,475 | 2.18 | % | — | — | 1/21/05 | 12/15/35 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2005-2 (3) | 128,866 | 2.18 | % | — | — | 12/14/05 | 1/30/36 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-1 (3) | 51,545 | 2.18 | % | — | — | 2/22/06 | 4/30/36 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-2 (3) | 51,550 | 2.18 | % | — | — | 9/27/06 | 10/30/36 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-3 (3) | 35,286 | 1.36 | % | — | — | 9/29/06 | 10/30/36 | 3 month EURIBOR + 2.05 | ||||||||||||
Trust CS 2006-4 (3) | 16,470 | 2.18 | % | — | — | 12/5/06 | 1/30/37 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2006-5 (3) | 6,650 | 2.18 | % | — | — | 12/19/06 | 1/30/37 | 3 month LIBOR + 1.95 | ||||||||||||
Trust CS 2007-2 (3) | 39,177 | 2.18 | % | — | — | 6/13/07 | 7/30/37 | 3 month LIBOR + 1.95 | ||||||||||||
Gross subordinated debentures | 547,074 | 135,055 | ||||||||||||||||||
Unamortized discount (4) | (112,196 | ) | (2,410 | ) | ||||||||||||||||
Net subordinated debentures | $ | 434,878 | $ | 132,645 | ||||||||||||||||
___________________ | ||||||||||||||||||||
-1 | As of July 31, 2014. | |||||||||||||||||||
-2 | As of January 28, 2014. | |||||||||||||||||||
-3 | Acquired in the CapitalSource Inc. merger. | |||||||||||||||||||
-4 | Amount represents the fair value adjustment on trusts acquired in the CapitalSource Inc. and FCAL acquisitions. |
Commitments_and_Contingencies_
Commitments and Contingencies Commitments and Contingencies (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Commitments and Contingencies [Abstract] | ' | |||||||
Commitments Disclosure [Text Block] | ' | |||||||
The following table presents a summary of the financial instruments described above as of the dates indicated: | ||||||||
30-Jun-14 | 31-Dec-13 | |||||||
(In thousands) | ||||||||
Loan commitments to extend credit | $ | 1,813,963 | $ | 1,001,740 | ||||
Standby letters of credit | 86,055 | 39,200 | ||||||
Commitments to purchase equipment being acquired for lease to others | 5,679 | 8,475 | ||||||
$ | 1,905,697 | $ | 1,049,415 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Assets and Liabilities Carried at Fair Value on Recurring Basis | ' | |||||||||||||||||||||||
The following table presents information on the assets measured and recorded at fair value on a recurring basis as of June 30, 2014: | ||||||||||||||||||||||||
Fair Value Measurements as of | ||||||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||||||
Measured on a Recurring Basis: | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Securities available‑for‑sale: | ||||||||||||||||||||||||
Government agency and government‑sponsored enterprise | ||||||||||||||||||||||||
pass through securities | $ | 584,757 | $ | — | $ | 584,757 | $ | — | ||||||||||||||||
Government agency and government‑sponsored enterprise | ||||||||||||||||||||||||
collateralized mortgage obligations | 287,604 | — | 287,604 | — | ||||||||||||||||||||
Covered private label CMOs | 36,522 | — | — | 36,522 | ||||||||||||||||||||
Other private label CMOs | 14,288 | — | 14,288 | — | ||||||||||||||||||||
Municipal securities | 456,566 | — | 456,566 | — | ||||||||||||||||||||
Corporate debt securities | 109,391 | — | 109,391 | — | ||||||||||||||||||||
Government‑sponsored enterprise debt securities | 36,665 | — | 36,665 | — | ||||||||||||||||||||
Other securities | 26,322 | 516 | 25,806 | — | ||||||||||||||||||||
Total | $ | 1,552,115 | $ | 516 | $ | 1,515,077 | $ | 36,522 | ||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | ' | |||||||||||||||||||||||
The following table presents information about quantitative inputs and assumptions used to determine the fair values provided by our third party pricing service for our Level 3 covered private label CMOs measured at fair value on a recurring basis as of June 30, 2014: | ||||||||||||||||||||||||
Covered Private Label CMOs | ||||||||||||||||||||||||
Unobservable Inputs: | Range of Inputs | Weighted Average Input | ||||||||||||||||||||||
Voluntary annual prepayment speeds | 0% - 34.5% | 5.60% | ||||||||||||||||||||||
Annual default rates | 0% - 39.6% | 2.80% | ||||||||||||||||||||||
Loss severity rates | 0% - 64.0% | 27.40% | ||||||||||||||||||||||
Discount rates | 0% - 8.6% | 5.20% | ||||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Significant Unobservable Inputs (Level 3) Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||
The following table summarizes activity for assets measured at fair value on a recurring basis that are categorized as Level 3 for the period indicated: | ||||||||||||||||||||||||
Covered Private Label CMOs (Level 3) | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 37,904 | ||||||||||||||||||||||
Total realized in earnings | 561 | |||||||||||||||||||||||
Total unrealized gain in comprehensive income | 207 | |||||||||||||||||||||||
Net settlements | (2,150 | ) | ||||||||||||||||||||||
Balance, June 30, 2014 | $ | 36,522 | ||||||||||||||||||||||
Assets carried at fair value on a nonrecurring basis | ' | |||||||||||||||||||||||
The following tables present assets measured at fair value on a non‑recurring basis as of the date indicated and the gains and (losses) recognized on such assets for the period indicated: | ||||||||||||||||||||||||
Fair Value Measurement as of | Gain (Loss) | |||||||||||||||||||||||
June 30, 2014 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | June 30, 2014 | June 30, 2014 | |||||||||||||||||||
Measured on a Non‑Recurring Basis: | (In thousands) | |||||||||||||||||||||||
Non‑PCI impaired loans | $ | 29,043 | $ | — | $ | 5,398 | $ | 23,645 | $ | (7,671 | ) | $ | (9,051 | ) | ||||||||||
Other real estate owned | 8,059 | — | 469 | 7,590 | (482 | ) | (528 | ) | ||||||||||||||||
Total non-recurring | $ | 37,102 | $ | — | $ | 5,867 | $ | 31,235 | $ | (8,153 | ) | $ | (9,579 | ) | ||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | |||||||||||||||||||||||
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of June 30, 2014: | ||||||||||||||||||||||||
Asset | Fair Value | Valuation Methodology | Unobservable Inputs | Range | Weighted | |||||||||||||||||||
(in 000’s) | Average | |||||||||||||||||||||||
Non-PCI impaired loans | $ | 22,205 | Discounted cash flows | Discount rates | 4.06% - 8.66% | 6.70% | ||||||||||||||||||
$ | 1,440 | Appraisals | No discounts | |||||||||||||||||||||
OREO (one property) | $ | 7,590 | Appraisals | Discount, including 8% for selling costs | 8% | 8% | ||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | |||||||||||||||||||||||
The following tables present a summary of the carrying values and estimated fair values of certain financial instruments as of the dates indicated: | ||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||
Carrying or | Estimated Fair Value | |||||||||||||||||||||||
Contract | ||||||||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and due from banks | $ | 243,583 | $ | 243,583 | $ | 243,583 | $ | — | $ | — | ||||||||||||||
Interest‑earning deposits in financial institutions | 119,782 | 119,782 | 119,782 | — | — | |||||||||||||||||||
Securities available‑for‑sale | 1,552,115 | 1,552,115 | 516 | 1,515,077 | 36,522 | |||||||||||||||||||
Investment in FHLB stock | 49,983 | 49,983 | — | 49,983 | — | |||||||||||||||||||
Loans and leases, net | 11,107,956 | 11,232,882 | — | 5,398 | 11,227,484 | |||||||||||||||||||
Financial Liabilities: | ||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||
Demand, money market, interest checking, | ||||||||||||||||||||||||
and savings deposits | 5,738,178 | 5,738,178 | — | 5,738,178 | — | |||||||||||||||||||
Time deposits | 5,929,619 | 5,919,083 | — | 5,919,083 | — | |||||||||||||||||||
Borrowings | 4,596 | 4,606 | — | 4,606 | — | |||||||||||||||||||
Subordinated debentures | 434,878 | 418,345 | — | 418,345 | — | |||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Carrying or | Estimated Fair Value | |||||||||||||||||||||||
Contract | ||||||||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and due from banks | $ | 96,424 | $ | 96,424 | $ | 96,424 | $ | — | $ | — | ||||||||||||||
Interest‑earning deposits in financial institutions | 50,998 | 50,998 | 50,998 | — | — | |||||||||||||||||||
Securities available‑for‑sale | 1,494,745 | 1,494,745 | 507 | 1,456,334 | 37,904 | |||||||||||||||||||
Investment in FHLB stock | 27,939 | 27,939 | — | 27,939 | — | |||||||||||||||||||
Loans and leases, net | 4,230,318 | 4,231,078 | — | 2,051 | 4,229,027 | |||||||||||||||||||
SBA loan servicing asset | 807 | 807 | — | — | 807 | |||||||||||||||||||
Financial Liabilities: | ||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||
Demand, money market, interest checking, | ||||||||||||||||||||||||
and savings deposits | 4,616,616 | 4,616,616 | — | 4,616,616 | — | |||||||||||||||||||
Time deposits | 664,371 | 665,148 | — | 665,148 | — | |||||||||||||||||||
Borrowings | 113,726 | 113,726 | 106,600 | 7,126 | — | |||||||||||||||||||
Subordinated debentures | 132,645 | 132,498 | — | 132,498 | — | |||||||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||||||
Net Income Per Share | ' | |||||||||||||||||||
The computations of basic and diluted net earnings per share for the periods indicated were as follows: | ||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 30-Jun-14 | 30-Jun-13 | ||||||||||||||||
($ in thousands, except per share data) | ||||||||||||||||||||
Basic earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations | $ | 11,230 | $ | 25,905 | $ | 4,396 | $ | 37,135 | $ | 17,890 | ||||||||||
Less: earnings allocated to unvested restricted stock(1) | (290 | ) | (500 | ) | (212 | ) | (424 | ) | (351 | ) | ||||||||||
Net earnings from continuing operations allocated to common shares | 10,940 | 25,405 | 4,184 | 36,711 | 17,539 | |||||||||||||||
Net loss from discontinued operations | (675 | ) | (804 | ) | (47 | ) | (1,500 | ) | (47 | ) | ||||||||||
Net earnings allocated to common shares | $ | 10,265 | $ | 24,601 | $ | 4,137 | $ | 35,211 | $ | 17,492 | ||||||||||
Weighted-average basic shares and unvested restricted stock outstanding | 98,817 | 45,799 | 40,338 | 72,454 | 38,873 | |||||||||||||||
Less: weighted-average unvested restricted stock outstanding | (678 | ) | (1,148 | ) | (1,597 | ) | (911 | ) | (1,595 | ) | ||||||||||
Weighted-average basic shares outstanding | 98,139 | 44,651 | 38,741 | 71,543 | 37,278 | |||||||||||||||
Basic earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations | $ | 0.11 | $ | 0.57 | $ | 0.11 | $ | 0.51 | $ | 0.47 | ||||||||||
Net loss from discontinued operations | (0.01 | ) | (0.02 | ) | — | (0.02 | ) | — | ||||||||||||
Net earnings | $ | 0.1 | $ | 0.55 | $ | 0.11 | $ | 0.49 | $ | 0.47 | ||||||||||
Diluted earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations allocated to common shares | $ | 10,940 | $ | 25,405 | $ | 4,184 | $ | 36,711 | $ | 17,539 | ||||||||||
Net loss from discontinued operations | (675 | ) | (804 | ) | (47 | ) | (1,500 | ) | (47 | ) | ||||||||||
Net earnings allocated to common shares | $ | 10,265 | $ | 24,601 | $ | 4,137 | $ | 35,211 | $ | 17,492 | ||||||||||
Weighted-average basic shares outstanding | 98,139 | 44,651 | 38,741 | 71,543 | 37,278 | |||||||||||||||
Diluted earnings per share: | ||||||||||||||||||||
Net earnings from continuing operations | $ | 0.11 | $ | 0.57 | $ | 0.11 | $ | 0.51 | $ | 0.47 | ||||||||||
Net loss from discontinued operations | (0.01 | ) | (0.02 | ) | — | (0.02 | ) | — | ||||||||||||
Net earnings | $ | 0.1 | $ | 0.55 | $ | 0.11 | $ | 0.49 | $ | 0.47 | ||||||||||
________________________ | ||||||||||||||||||||
-1 | Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. |
Accumulated_Other_Compensation1
Accumulated Other Compensation Income (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Accumulated Other Comprehensive Income [Abstract] | ' | |||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | |||||||||||||||||||
The following table presents the activity in comprehensive income for the periods indicated: | ||||||||||||||||||||
Three Months Ended | Six Months Ended June 30, | |||||||||||||||||||
30-Jun-14 | 31-Mar-14 | 30-Jun-13 | 2014 | 2013 | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
Net earnings | $ | 10,555 | $ | 25,080 | $ | 4,349 | $ | 35,635 | $ | 17,843 | ||||||||||
Unrealized holding (losses) gains arising during the period | 23,011 | 22,291 | (48,189 | ) | 45,302 | (54,599 | ) | |||||||||||||
Income tax benefit (expense) related to unrealized holding (losses) gains arising during the period | (9,663 | ) | (9,363 | ) | 20,240 | (19,026 | ) | 22,932 | ||||||||||||
Reclassification adjustment for gain included in net earnings (1) | (89 | ) | (4,752 | ) | — | (4,841 | ) | (409 | ) | |||||||||||
Income tax expense related to reclassification adjustment | 37 | 1,996 | — | 2,033 | 172 | |||||||||||||||
Other comprehensive loss, net | 13,296 | 10,172 | (27,949 | ) | 23,468 | (31,904 | ) | |||||||||||||
Comprehensive income (loss) | $ | 23,851 | $ | 35,252 | $ | (23,600 | ) | $ | 59,103 | $ | (14,061 | ) | ||||||||
Business_Segment_Tables
Business Segment (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | |||||||||||||||
Note 15. Business Segments | ||||||||||||||||
The Company’s reportable segments consist of “PWB Community Banking,” “National Lending,” and “Other.” In prior periods, the segments consisted of “Banking,” “Asset Financing,” and “Other.” The Asset Financing segment in prior periods included the asset-based lending and leasing operations of Pacific Western Equipment Finance, BFI Business Finance, First Community Financial and Celtic Capital Corporation. | ||||||||||||||||
As a result of the CapitalSource Inc. merger, Pacific Western Bank established the CapitalSource Division, which we also refer to as the National Lending segment. The CapitalSource Division, or National Lending segment, includes the lending operations gained through the CapitalSource Inc. merger, Pacific Western Equipment Finance, and the CapitalSource Business Finance Group (formerly BFI Business Finance and First Community Financial). We reorganized our asset-based lending and leasing operations when we established the CapitalSource Division combining BFI Business Finance and First Community Financial into the Capital Source Business Finance Group, selling Celtic Capital Corporation in July 2014, and having Pacific Western Equipment Finance and the Capital Source Business Finance Group become part of the CapitalSource Division. The CapitalSource Division provides on a nationwide basis a full spectrum of financing solutions across numerous industries and property types to middle market businesses, including senior secured real estate loans, equipment loans and leases, asset-based loans, lender finance loans and cash flow loans secured by the enterprise value of the borrowing entity. The CapitalSource Division’s loan and lease origination efforts are conducted through offices located in Chevy Chase, Maryland; Los Angeles and San Jose, California; Denver, Colorado; Chicago, Illinois; New York, New York; and Midvale, Utah. | ||||||||||||||||
The PWB Community Banking and National Lending segments include all of the operations of Pacific Western Bank. The PWB Community Banking segment includes the operations of Pacific Western Bank, excluding the CapitalSource Division, and includes lending and deposit gathering activities conducted primarily through its California-based branch offices and the Bank’s treasury management function. The Other segment consists of holding company operations which result in expenses principally for compensation, facilities, professional services, interest on subordinated debentures, and the non-bank subsidiary operations including interest income from a loan portfolio and related loan servicing expense. | ||||||||||||||||
The accounting policies of the reported segments are the same as those of the Company described in Note 1, “Nature of Operations and Summary of Significant Accounting Policies,” of our Form 10‑K. Transactions between segments consist primarily of borrowed funds and expense allocations for interest, deposit gathering, corporate overhead and credit loss provisions. Intersegment interest expense is allocated from the PWB Community Banking segment to the National Lending segment based upon National Lending’s average interest-earning assets and operating leases, net of a capital allocation, and the Bank’s total cost of deposits. The PWB Community Banking segment further allocates to the National Lending segment noninterest expense for deposit gathering, maintenance costs and the Bank’s corporate overhead. The provision for credit losses is allocated based on actual charge‑offs for the period as well as net portfolio growth and credit quality trends. All costs associated with investing the Bank’s excess liquidity and the PWB Community Bank’s lending and loan servicing activities are housed in the PWB Community Banking segment. Noninterest income and noninterest expense directly attributable to a segment are assigned to it. | ||||||||||||||||
The following tables present information regarding our business segments as of and for the periods indicated: | ||||||||||||||||
30-Jun-14 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,537,994 | $ | 7,599,030 | $ | 53,081 | $ | 11,190,105 | ||||||||
Allowance for loan and lease losses | (66,039 | ) | (16,110 | ) | — | (82,149 | ) | |||||||||
Total loans and leases, net | $ | 3,471,955 | $ | 7,582,920 | $ | 53,081 | $ | 11,107,956 | ||||||||
Goodwill | $ | 279,296 | $ | 1,445,857 | $ | — | $ | 1,725,153 | ||||||||
Core deposit and customer relationship intangibles, net | 19,330 | 1,101 | — | 20,431 | ||||||||||||
Total assets | 6,100,939 | 9,275,500 | 308,427 | 15,684,866 | ||||||||||||
Total deposits(1) | 11,909,853 | 28,302 | (270,358 | ) | 11,667,797 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
30-Jun-13 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,947,322 | $ | 472,364 | $ | — | $ | 4,419,686 | ||||||||
Allowance for loan and lease losses | (84,917 | ) | (5,726 | ) | — | (90,643 | ) | |||||||||
Total loans and leases, net | $ | 3,862,405 | $ | 466,638 | $ | — | $ | 4,329,043 | ||||||||
Goodwill | $ | 183,512 | $ | 25,678 | $ | — | $ | 209,190 | ||||||||
Core deposit and customer relationship intangibles, net | 17,958 | 2,232 | — | 20,190 | ||||||||||||
Total assets | 6,189,202 | 510,630 | 9,270 | 6,709,102 | ||||||||||||
Total deposits(1) | 5,557,871 | — | (34,871 | ) | 5,523,000 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 69,977 | $ | 132,742 | $ | 1,644 | $ | 204,363 | ||||||||
Interest expense | (7,450 | ) | (62 | ) | (4,318 | ) | (11,830 | ) | ||||||||
Intersegment interest income (expense) | 4,071 | (4,071 | ) | — | — | |||||||||||
Net interest income (expense) | 66,598 | 128,609 | (2,674 | ) | 192,533 | |||||||||||
Negative provision (provision) for credit losses | 4,418 | (9,448 | ) | — | (5,030 | ) | ||||||||||
Gain on securities | 89 | — | — | 89 | ||||||||||||
FDIC loss sharing expense | (8,525 | ) | — | — | (8,525 | ) | ||||||||||
Other noninterest income | 3,681 | 12,487 | 747 | 16,915 | ||||||||||||
Total noninterest income | (4,755 | ) | 12,487 | 747 | 8,479 | |||||||||||
Foreclosed assets expense (income), net | (633 | ) | 38 | 98 | (497 | ) | ||||||||||
Intangible asset amortization | (1,530 | ) | (147 | ) | — | (1,677 | ) | |||||||||
Acquisition, integration and reorganization costs | (77,713 | ) | (7,474 | ) | (1,055 | ) | (86,242 | ) | ||||||||
Other noninterest expense | (51,507 | ) | (24,484 | ) | (5,499 | ) | (81,490 | ) | ||||||||
Total noninterest expense | (131,383 | ) | (32,067 | ) | (6,456 | ) | (169,906 | ) | ||||||||
Intersegment noninterest income (expense) | 23,533 | (23,533 | ) | — | — | |||||||||||
Total noninterest expense - adjusted | (107,850 | ) | (55,600 | ) | (6,456 | ) | (169,906 | ) | ||||||||
(Loss) earnings from continuing operations before taxes | (41,589 | ) | 76,048 | (8,383 | ) | 26,076 | ||||||||||
Income tax benefit (expense) | 12,081 | (30,259 | ) | 3,332 | (14,846 | ) | ||||||||||
Net (loss) earnings from continuing operations | (29,508 | ) | 45,789 | (5,051 | ) | 11,230 | ||||||||||
Loss from discontinued operations before taxes | (1,151 | ) | — | — | (1,151 | ) | ||||||||||
Income tax benefit | 476 | — | — | 476 | ||||||||||||
Net loss from discontinued operations | (675 | ) | — | — | (675 | ) | ||||||||||
Net (loss) earnings | $ | (30,183 | ) | $ | 45,789 | $ | (5,051 | ) | $ | 10,555 | ||||||
Three Months Ended March 31, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 77,595 | $ | 10,765 | $ | — | $ | 88,360 | ||||||||
Interest expense | (1,227 | ) | (77 | ) | (1,041 | ) | (2,345 | ) | ||||||||
Intersegment interest income (expense) | 222 | (222 | ) | — | — | |||||||||||
Net interest income | 76,590 | 10,466 | (1,041 | ) | 86,015 | |||||||||||
Negative provision (provision) for credit losses | 826 | (182 | ) | — | 644 | |||||||||||
Gain on securities | 4,752 | — | — | 4,752 | ||||||||||||
FDIC loss sharing (income) expense | (11,430 | ) | — | — | (11,430 | ) | ||||||||||
Other noninterest income | 6,897 | 4,445 | 27 | 11,369 | ||||||||||||
Total noninterest income | 219 | 4,445 | 27 | 4,691 | ||||||||||||
Foreclosed assets expense, net | 1,861 | — | — | 1,861 | ||||||||||||
Intangible asset amortization | (1,191 | ) | (173 | ) | — | (1,364 | ) | |||||||||
Acquisition, integration and reorganization costs | (2,200 | ) | — | — | (2,200 | ) | ||||||||||
Other noninterest expense | (40,990 | ) | (6,573 | ) | (1,603 | ) | (49,166 | ) | ||||||||
Total noninterest expense | (42,520 | ) | (6,746 | ) | (1,603 | ) | (50,869 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 35,115 | 7,983 | (2,617 | ) | 40,481 | |||||||||||
Income tax (expense) benefit | (12,334 | ) | (3,331 | ) | 1,089 | (14,576 | ) | |||||||||
Net earnings (loss) from continuing operations | 22,781 | 4,652 | (1,528 | ) | 25,905 | |||||||||||
Loss from discontinued operations before taxes | (1,413 | ) | — | — | (1,413 | ) | ||||||||||
Income tax benefit | 588 | — | — | 588 | ||||||||||||
Net loss from discontinued operations | (825 | ) | — | — | (825 | ) | ||||||||||
Net earnings (loss) | $ | 21,956 | $ | 4,652 | $ | (1,528 | ) | $ | 25,080 | |||||||
Three Months Ended June 30, 2013 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 59,321 | $ | 12,310 | $ | — | $ | 71,631 | ||||||||
Interest expense | (2,080 | ) | (196 | ) | (882 | ) | (3,158 | ) | ||||||||
Intersegment interest income (expense) | 460 | (460 | ) | — | — | |||||||||||
Net interest income | 57,701 | 11,654 | (882 | ) | 68,473 | |||||||||||
Negative provision (provision) for credit losses | 2,607 | (765 | ) | — | 1,842 | |||||||||||
FDIC loss sharing expense | (5,410 | ) | — | — | (5,410 | ) | ||||||||||
Other noninterest income | 4,995 | 592 | 26 | 5,613 | ||||||||||||
Total noninterest income | (415 | ) | 592 | 26 | 203 | |||||||||||
Foreclosed assets income (expense), net | 14 | — | — | 14 | ||||||||||||
Intangible asset amortization | (1,127 | ) | (157 | ) | — | (1,284 | ) | |||||||||
Acquisition, integration and reorganization costs | (17,997 | ) | — | — | (17,997 | ) | ||||||||||
Other noninterest expense | (37,571 | ) | (5,980 | ) | (1,398 | ) | (44,949 | ) | ||||||||
Total noninterest expense | (56,681 | ) | (6,137 | ) | (1,398 | ) | (64,216 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 3,212 | 5,344 | (2,254 | ) | 6,302 | |||||||||||
Income tax (expense) benefit | (612 | ) | (2,237 | ) | 943 | (1,906 | ) | |||||||||
Net earnings (loss) from continuing operations | 2,600 | 3,107 | (1,311 | ) | 4,396 | |||||||||||
Loss from discontinued operations before taxes | (81 | ) | — | — | (81 | ) | ||||||||||
Income tax benefit | 34 | — | — | 34 | ||||||||||||
Net loss from discontinued operations | (47 | ) | — | — | (47 | ) | ||||||||||
Net earnings (loss) | $ | 2,553 | $ | 3,107 | $ | (1,311 | ) | $ | 4,349 | |||||||
Six Months Ended June 30, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 147,572 | $ | 143,507 | $ | 1,644 | $ | 292,723 | ||||||||
Interest expense | (8,677 | ) | (139 | ) | (5,359 | ) | (14,175 | ) | ||||||||
Intersegment interest income (expense) | 4,293 | (4,293 | ) | — | — | |||||||||||
Net interest income (expense) | 143,188 | 139,075 | (3,715 | ) | 278,548 | |||||||||||
Negative provision (provision) for credit losses | 5,244 | (9,630 | ) | — | (4,386 | ) | ||||||||||
Gain on securities | 4,841 | — | — | 4,841 | ||||||||||||
FDIC loss sharing expense | (19,955 | ) | — | — | (19,955 | ) | ||||||||||
Other noninterest income | 10,578 | 16,932 | 774 | 28,284 | ||||||||||||
Total noninterest income | (4,536 | ) | 16,932 | 774 | 13,170 | |||||||||||
Foreclosed assets income (expense), net | 1,228 | 38 | 98 | 1,364 | ||||||||||||
Intangible asset amortization | (2,721 | ) | (320 | ) | — | (3,041 | ) | |||||||||
Acquisition, integration and reorganization costs | (79,913 | ) | (7,474 | ) | (1,055 | ) | (88,442 | ) | ||||||||
Other noninterest expense | (92,497 | ) | (31,057 | ) | (7,102 | ) | (130,656 | ) | ||||||||
Total noninterest expense | (173,903 | ) | (38,813 | ) | (8,059 | ) | (220,775 | ) | ||||||||
Intersegment noninterest income (expense) | 23,533 | (23,533 | ) | — | — | |||||||||||
Total noninterest expense - adjusted | (150,370 | ) | (62,346 | ) | (8,059 | ) | (220,775 | ) | ||||||||
(Loss) earnings from continuing operations before taxes | (6,474 | ) | 84,031 | (11,000 | ) | 66,557 | ||||||||||
Income tax (expense) benefit | (253 | ) | (33,590 | ) | 4,421 | (29,422 | ) | |||||||||
Net (loss) earnings from continuing operations | (6,727 | ) | 50,441 | (6,579 | ) | 37,135 | ||||||||||
Loss from discontinued operations before taxes | (2,564 | ) | — | — | (2,564 | ) | ||||||||||
Income tax benefit | 1,064 | — | — | 1,064 | ||||||||||||
Net loss from discontinued operations | (1,500 | ) | — | — | (1,500 | ) | ||||||||||
Net (loss) earnings | $ | (8,227 | ) | $ | 50,441 | $ | (6,579 | ) | $ | 35,635 | ||||||
Six Months Ended June 30, 2013 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 116,228 | $ | 24,672 | $ | — | $ | 140,900 | ||||||||
Interest expense | (4,730 | ) | (339 | ) | (1,665 | ) | (6,734 | ) | ||||||||
Intersegment interest income (expense) | 931 | (931 | ) | — | — | |||||||||||
Net interest income | 112,429 | 23,402 | (1,665 | ) | 134,166 | |||||||||||
Negative provision (provision) for credit losses | 271 | (1,566 | ) | — | (1,295 | ) | ||||||||||
Gain on securities | 409 | — | — | 409 | ||||||||||||
FDIC loss sharing expense | (8,547 | ) | — | — | (8,547 | ) | ||||||||||
Other noninterest income | 9,996 | 1,136 | 49 | 11,181 | ||||||||||||
Total noninterest income | 1,858 | 1,136 | 49 | 3,043 | ||||||||||||
Foreclosed assets income, net | 514 | — | — | 514 | ||||||||||||
Intangible asset amortization | (2,120 | ) | (340 | ) | — | (2,460 | ) | |||||||||
Acquisition, integration and reorganization costs | (18,689 | ) | — | — | (18,689 | ) | ||||||||||
Other noninterest expense | (72,917 | ) | (12,033 | ) | (2,814 | ) | (87,764 | ) | ||||||||
Total noninterest expense | (93,212 | ) | (12,373 | ) | (2,814 | ) | (108,399 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 21,346 | 10,599 | (4,430 | ) | 27,515 | |||||||||||
Income tax (expense) benefit | (7,042 | ) | (4,436 | ) | 1,853 | (9,625 | ) | |||||||||
Net earnings (loss) from continuing operations | 14,304 | 6,163 | (2,577 | ) | 17,890 | |||||||||||
Loss from discontinued operations before taxes | (81 | ) | — | — | (81 | ) | ||||||||||
Income tax benefit | 34 | — | — | 34 | ||||||||||||
Net loss from discontinued operations | (47 | ) | — | — | (47 | ) | ||||||||||
Net earnings (loss) | $ | 14,257 | $ | 6,163 | $ | (2,577 | ) | $ | 17,843 | |||||||
The following tables present information regarding our business segments as of and for the periods indicated: | ||||||||||||||||
30-Jun-14 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,537,994 | $ | 7,599,030 | $ | 53,081 | $ | 11,190,105 | ||||||||
Allowance for loan and lease losses | (66,039 | ) | (16,110 | ) | — | (82,149 | ) | |||||||||
Total loans and leases, net | $ | 3,471,955 | $ | 7,582,920 | $ | 53,081 | $ | 11,107,956 | ||||||||
Goodwill | $ | 279,296 | $ | 1,445,857 | $ | — | $ | 1,725,153 | ||||||||
Core deposit and customer relationship intangibles, net | 19,330 | 1,101 | — | 20,431 | ||||||||||||
Total assets | 6,100,939 | 9,275,500 | 308,427 | 15,684,866 | ||||||||||||
Total deposits(1) | 11,909,853 | 28,302 | (270,358 | ) | 11,667,797 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
30-Jun-13 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Balance Sheet Data | Banking | Lending | Other | Company | ||||||||||||
(In thousands) | ||||||||||||||||
Loans and leases, net of unearned income | $ | 3,947,322 | $ | 472,364 | $ | — | $ | 4,419,686 | ||||||||
Allowance for loan and lease losses | (84,917 | ) | (5,726 | ) | — | (90,643 | ) | |||||||||
Total loans and leases, net | $ | 3,862,405 | $ | 466,638 | $ | — | $ | 4,329,043 | ||||||||
Goodwill | $ | 183,512 | $ | 25,678 | $ | — | $ | 209,190 | ||||||||
Core deposit and customer relationship intangibles, net | 17,958 | 2,232 | — | 20,190 | ||||||||||||
Total assets | 6,189,202 | 510,630 | 9,270 | 6,709,102 | ||||||||||||
Total deposits(1) | 5,557,871 | — | (34,871 | ) | 5,523,000 | |||||||||||
________________________ | ||||||||||||||||
-1 | The negative balance for total deposits in the “Other” segment represents the elimination of holding company cash held in deposit accounts at the Bank. | |||||||||||||||
Continuing operations of operating segments | ' | |||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 69,977 | $ | 132,742 | $ | 1,644 | $ | 204,363 | ||||||||
Interest expense | (7,450 | ) | (62 | ) | (4,318 | ) | (11,830 | ) | ||||||||
Intersegment interest income (expense) | 4,071 | (4,071 | ) | — | — | |||||||||||
Net interest income (expense) | 66,598 | 128,609 | (2,674 | ) | 192,533 | |||||||||||
Negative provision (provision) for credit losses | 4,418 | (9,448 | ) | — | (5,030 | ) | ||||||||||
Gain on securities | 89 | — | — | 89 | ||||||||||||
FDIC loss sharing expense | (8,525 | ) | — | — | (8,525 | ) | ||||||||||
Other noninterest income | 3,681 | 12,487 | 747 | 16,915 | ||||||||||||
Total noninterest income | (4,755 | ) | 12,487 | 747 | 8,479 | |||||||||||
Foreclosed assets expense (income), net | (633 | ) | 38 | 98 | (497 | ) | ||||||||||
Intangible asset amortization | (1,530 | ) | (147 | ) | — | (1,677 | ) | |||||||||
Acquisition, integration and reorganization costs | (77,713 | ) | (7,474 | ) | (1,055 | ) | (86,242 | ) | ||||||||
Other noninterest expense | (51,507 | ) | (24,484 | ) | (5,499 | ) | (81,490 | ) | ||||||||
Total noninterest expense | (131,383 | ) | (32,067 | ) | (6,456 | ) | (169,906 | ) | ||||||||
Intersegment noninterest income (expense) | 23,533 | (23,533 | ) | — | — | |||||||||||
Total noninterest expense - adjusted | (107,850 | ) | (55,600 | ) | (6,456 | ) | (169,906 | ) | ||||||||
(Loss) earnings from continuing operations before taxes | (41,589 | ) | 76,048 | (8,383 | ) | 26,076 | ||||||||||
Income tax benefit (expense) | 12,081 | (30,259 | ) | 3,332 | (14,846 | ) | ||||||||||
Net (loss) earnings from continuing operations | (29,508 | ) | 45,789 | (5,051 | ) | 11,230 | ||||||||||
Loss from discontinued operations before taxes | (1,151 | ) | — | — | (1,151 | ) | ||||||||||
Income tax benefit | 476 | — | — | 476 | ||||||||||||
Net loss from discontinued operations | (675 | ) | — | — | (675 | ) | ||||||||||
Net (loss) earnings | $ | (30,183 | ) | $ | 45,789 | $ | (5,051 | ) | $ | 10,555 | ||||||
Three Months Ended March 31, 2014 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 77,595 | $ | 10,765 | $ | — | $ | 88,360 | ||||||||
Interest expense | (1,227 | ) | (77 | ) | (1,041 | ) | (2,345 | ) | ||||||||
Intersegment interest income (expense) | 222 | (222 | ) | — | — | |||||||||||
Net interest income | 76,590 | 10,466 | (1,041 | ) | 86,015 | |||||||||||
Negative provision (provision) for credit losses | 826 | (182 | ) | — | 644 | |||||||||||
Gain on securities | 4,752 | — | — | 4,752 | ||||||||||||
FDIC loss sharing (income) expense | (11,430 | ) | — | — | (11,430 | ) | ||||||||||
Other noninterest income | 6,897 | 4,445 | 27 | 11,369 | ||||||||||||
Total noninterest income | 219 | 4,445 | 27 | 4,691 | ||||||||||||
Foreclosed assets expense, net | 1,861 | — | — | 1,861 | ||||||||||||
Intangible asset amortization | (1,191 | ) | (173 | ) | — | (1,364 | ) | |||||||||
Acquisition, integration and reorganization costs | (2,200 | ) | — | — | (2,200 | ) | ||||||||||
Other noninterest expense | (40,990 | ) | (6,573 | ) | (1,603 | ) | (49,166 | ) | ||||||||
Total noninterest expense | (42,520 | ) | (6,746 | ) | (1,603 | ) | (50,869 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 35,115 | 7,983 | (2,617 | ) | 40,481 | |||||||||||
Income tax (expense) benefit | (12,334 | ) | (3,331 | ) | 1,089 | (14,576 | ) | |||||||||
Net earnings (loss) from continuing operations | 22,781 | 4,652 | (1,528 | ) | 25,905 | |||||||||||
Loss from discontinued operations before taxes | (1,413 | ) | — | — | (1,413 | ) | ||||||||||
Income tax benefit | 588 | — | — | 588 | ||||||||||||
Net loss from discontinued operations | (825 | ) | — | — | (825 | ) | ||||||||||
Net earnings (loss) | $ | 21,956 | $ | 4,652 | $ | (1,528 | ) | $ | 25,080 | |||||||
Three Months Ended June 30, 2013 | ||||||||||||||||
PWB Community | National | Consolidated | ||||||||||||||
Banking | Lending | Other | Company | |||||||||||||
(In thousands) | ||||||||||||||||
Interest income | $ | 59,321 | $ | 12,310 | $ | — | $ | 71,631 | ||||||||
Interest expense | (2,080 | ) | (196 | ) | (882 | ) | (3,158 | ) | ||||||||
Intersegment interest income (expense) | 460 | (460 | ) | — | — | |||||||||||
Net interest income | 57,701 | 11,654 | (882 | ) | 68,473 | |||||||||||
Negative provision (provision) for credit losses | 2,607 | (765 | ) | — | 1,842 | |||||||||||
FDIC loss sharing expense | (5,410 | ) | — | — | (5,410 | ) | ||||||||||
Other noninterest income | 4,995 | 592 | 26 | 5,613 | ||||||||||||
Total noninterest income | (415 | ) | 592 | 26 | 203 | |||||||||||
Foreclosed assets income (expense), net | 14 | — | — | 14 | ||||||||||||
Intangible asset amortization | (1,127 | ) | (157 | ) | — | (1,284 | ) | |||||||||
Acquisition, integration and reorganization costs | (17,997 | ) | — | — | (17,997 | ) | ||||||||||
Other noninterest expense | (37,571 | ) | (5,980 | ) | (1,398 | ) | (44,949 | ) | ||||||||
Total noninterest expense | (56,681 | ) | (6,137 | ) | (1,398 | ) | (64,216 | ) | ||||||||
Earnings (loss) from continuing operations before taxes | 3,212 | 5,344 | (2,254 | ) | 6,302 | |||||||||||
Income tax (expense) benefit | (612 | ) | (2,237 | ) | 943 | (1,906 | ) | |||||||||
Net earnings (loss) from continuing operations | 2,600 | 3,107 | (1,311 | ) | 4,396 | |||||||||||
Loss from discontinued operations before taxes | (81 | ) | — | — | (81 | ) | ||||||||||
Income tax benefit | 34 | — | — | 34 | ||||||||||||
Net loss from discontinued operations | (47 | ) | — | — | (47 | ) | ||||||||||
Net earnings (loss) | $ | 2,553 | $ | 3,107 | $ | (1,311 | ) | $ | 4,349 | |||||||
Organization_Details
Organization (Details) (USD $) | 6 Months Ended | 0 Months Ended | 1 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Apr. 07, 2014 | 31-May-13 |
bank_branch | Capitalsource, Inc. [Member] | Castle Creek Finance LLC [Member] | |||
First California Financial Group, Inc. [Domain] | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Assets | $15,684,866 | $6,533,363 | $6,709,102 | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 11,107,956 | 4,230,318 | 4,329,043 | ' | ' |
Deposits | 11,667,797 | 5,280,987 | 5,523,000 | ' | ' |
Stockholders' Equity Attributable to Parent | $3,437,932 | $809,093 | ' | ' | ' |
Number Of Branches | 81 | ' | ' | ' | ' |
Number of Businesses Acquired | 27 | ' | ' | ' | ' |
Business Acquisition, Effective Date of Acquisition | ' | ' | ' | 7-Apr-14 | 31-May-13 |
Discontinued_Operations_Discon1
Discontinued Operations Discontinued Operations (Details) (USD $) | 3 Months Ended | 6 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 |
Electronic Payment Systems [Member] | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' |
Disposal Group, Including Discontinued Operation, Revenue | ($1.20) | ($2.60) |
Electronic Payment Systems [Member] | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' |
Revenues | $0 | $0 |
Acquisitions_Acquisitions_Deta
Acquisitions Acquisitions (Details) (USD $) | 0 Months Ended | 1 Months Ended | |||
Apr. 07, 2014 | 31-May-13 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Cash and due from banks | $768,553,000 | $6,124,000 | ' | ' | ' |
Interest-earning deposits in financial institutions | 60,612,000 | 266,889,000 | ' | ' | ' |
Investments securities available-for-sale | 383,723,000 | 4,444,000 | ' | ' | ' |
FHLB stock | 46,060,000 | 9,518,000 | ' | ' | ' |
Loans and leases | 6,886,035,000 | 1,049,613,000 | ' | ' | ' |
Equipment Leased To Others Under Operating Leases | 160,015,000 | 0 | 127,289,000 | 0 | ' |
Premises and equipment | 12,663,000 | 15,322,000 | ' | ' | ' |
Foreclosed Assets | 6,382,000 | 13,772,000 | ' | ' | ' |
FDIC loss sharing asset | 0 | 17,241,000 | ' | ' | ' |
Income Tax Assets | 300,310,000 | 33,360,000 | ' | ' | ' |
Goodwill | 1,523,055,000 | 129,070,000 | 1,725,153,000 | 208,743,000 | 209,190,000 |
Other intangible assets | 6,720,000 | 7,927,000 | ' | ' | ' |
Other assets | 580,499,000 | 27,576,000 | ' | ' | ' |
Total assets acquired | 10,734,627,000 | 1,580,856,000 | ' | ' | ' |
Noninterest-bearing deposits | 4,631,000 | 361,166,000 | ' | ' | ' |
Interest-bearing deposits | 6,236,419,000 | 739,713,000 | ' | ' | ' |
Other borrowings | 992,109,000 | 0 | ' | ' | ' |
Subordinated Debentures | 300,918,000 | 24,061,000 | ' | ' | ' |
Discontinued operations | 0 | 184,619,000 | ' | ' | ' |
Accrued interest payable and other liabilities | 123,362,000 | 19,729,000 | ' | ' | ' |
Total liabilities assumed | 7,657,439,000 | 1,329,288,000 | ' | ' | ' |
Total consideration paid | 3,077,188,000 | 251,568,000 | ' | ' | ' |
Cash paid | 483,118,000 | 0 | ' | ' | ' |
PacWest common stock issued | 2,594,070,000 | 242,268,000 | ' | ' | ' |
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value) | 0 | 9,300,000 | ' | ' | ' |
First California Financial Group, Inc. [Domain] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Total consideration paid | ' | 251,568,000 | ' | ' | ' |
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value) | ' | $4,100,000 | ' | ' | ' |
Acquisitions_Acquisitions_Deta1
Acquisitions Acquisitions (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' | ' | ' | ' |
Business Acquisition, Pro Forma Revenue | $200,371 | $194,344 | $407,107 | $402,659 |
Pro forma net earnings from continuing operations | $60,899 | $46,972 | $124,502 | $100,789 |
Pro forma net earnings from continuing operations per share - Basic | $0.59 | $0.45 | $1.23 | $0.97 |
Pro forma net earnings from continuing operations per share - Diluted | $0.59 | $0.45 | $1.23 | $0.97 |
Acquisitions_Acquisitions_Deta2
Acquisitions Acquisitions (Details Textuals) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 3 Months Ended | 1 Months Ended | |||
Apr. 07, 2014 | 31-May-13 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Apr. 07, 2014 | Jun. 30, 2014 | 31-May-13 | |
bank_branch | Capitalsource, Inc. [Member] | Capitalsource, Inc. [Member] | First California Financial Group, Inc. [Domain] | |||||
bank_branch | bank_branch | |||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Share Price | ' | ' | ' | ' | ' | $2.47 | ' | ' |
Business Acquisition Shares Receivable By Stockholders Of Acquiree Ratio | ' | ' | ' | ' | ' | 0.2837 | ' | 0.2966 |
Stock Issued During Period, Shares, New Issues | ' | ' | ' | ' | ' | 56,700,000 | ' | 8,400,000 |
Business Acquisition, Effective Date of Acquisition | ' | ' | ' | ' | ' | 7-Apr-14 | ' | ' |
Common Stock, Par or Stated Value Per Share | ' | ' | $0.01 | $0.01 | ' | $45.83 | ' | ' |
Common Stock, Value, Outstanding | ' | ' | ' | ' | ' | $3,100,000,000 | ' | ' |
Business integration completion date | ' | ' | ' | ' | ' | 'April 12, 2014 | ' | ' |
Number Of Operating Branches Closed As Part Of Integration And Consolidation Plan | ' | ' | ' | ' | ' | 12 | ' | ' |
Number Of Operating Branches Which Overlapped With Existing Branches | ' | ' | ' | ' | ' | 1 | ' | ' |
Goodwill | 1,523,055,000 | 129,070,000 | 1,725,153,000 | 208,743,000 | 209,190,000 | ' | ' | ' |
number of branches | ' | ' | ' | ' | ' | 21 | ' | 15 |
Business Acquisition Measuring Period Of Weighted Average Price Per Share For Fluctuating Shares Deliverable | ' | ' | ' | ' | ' | ' | ' | '20 |
Business Combination Owned Common Stock Of Acquiree Cancelled | ' | ' | ' | ' | ' | ' | ' | 1,094,000 |
Cancellation of FCAL common stock owned by PacWest (at acquisition date fair value) | 0 | 9,300,000 | ' | ' | ' | ' | ' | 4,100,000 |
Goodwill, Purchase Accounting Adjustments | ' | ' | ' | ' | ' | ' | ' | 5,200,000 |
Share Price | ' | ' | ' | ' | ' | ' | ' | $28.83 |
Total consideration paid | 3,077,188,000 | 251,568,000 | ' | ' | ' | 3,077,188,000 | ' | 251,568,000 |
Number Of Locations Added To Branch Network As Result Of Integration And Consolidation Plan | ' | 7 | ' | ' | ' | ' | ' | ' |
Pro forma revenues (net interest income plus noninterest income) | ' | ' | ' | ' | ' | ' | 126,000,000 | ' |
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | ' | ' | ' | ' | ' | ' | $11,100,000 | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Details) (USD $) | 6 Months Ended | ||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Apr. 07, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | 31-May-13 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' | ' |
Goodwill | $1,725,153 | $1,523,055 | $208,743 | $209,190 | $129,070 |
Goodwill, Period Increase (Decrease) | 1,523,055 | ' | ' | ' | ' |
Goodwill, Impairment Loss | ($6,645) | ' | ' | ' | ' |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Gross | $53,090 | $48,963 | $53,339 | $53,090 | $53,339 | $48,963 | $45,412 | $45,412 |
Finite-lived Intangible Assets Acquired | 6,720 | 0 | 7,927 | 6,720 | 7,927 | ' | ' | ' |
Finite Lived Intangible Assets Fully Amortized Portion | 1,293 | 0 | 0 | 1,293 | 0 | ' | ' | ' |
Impairment of Intangible Assets, Finite-lived | 804 | 0 | 0 | 804 | 0 | ' | ' | ' |
Finite-Lived Intangible Assets, Accumulated Amortization | -32,659 | -33,079 | -33,149 | -32,659 | -33,149 | -31,715 | -31,865 | -30,689 |
Amortization of Intangible Assets | -1,677 | -1,364 | -1,284 | -3,041 | -2,460 | ' | ' | ' |
Finite-Lived Intangible Assets, Net | 20,431 | 15,884 | 20,190 | 20,431 | 20,190 | ' | ' | ' |
CDI and CRI [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Finite Lived Intangible Assets Fully Amortized Portion | -1,293 | 0 | 0 | -1,293 | 0 | ' | ' | ' |
Impairment of Intangible Assets, Finite-lived | ($1,300) | $0 | $0 | ($1,300) | $0 | ' | ' | ' |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets Goodwill and Intangible Assets (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2014 | Jun. 30, 2014 | |
Scenario, Forecast [Member] | Pacific Western Bank [Member] | ||||||
Goodwill, Impairment Loss | ' | ' | ' | $6,645,000 | ' | ' | $1,000,000 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '5 years 3 months 18 days | ' | ' | ' | ' | ' | ' |
Amortization of Intangible Assets | 1,677,000 | 1,364,000 | 1,284,000 | 3,041,000 | 2,460,000 | 6,700,000 | ' |
Aggregate Amortization Expense 2015 | 5,900,000 | ' | ' | 5,900,000 | ' | ' | ' |
Aggregate Amortization Expense 2016 | 3,900,000 | ' | ' | 3,900,000 | ' | ' | ' |
Aggregate Amortization Expense 2017 | 2,500,000 | ' | ' | 2,500,000 | ' | ' | ' |
Aggregate Amortization Expense 2018 | 2,100,000 | ' | ' | 2,100,000 | ' | ' | ' |
Aggregate Amortization Expense 2019 | $1,700,000 | ' | ' | $1,700,000 | ' | ' | ' |
Investments_Details_1
Investments (Details 1) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | $1,517,425 | $1,500,516 |
Gross Unrealized Gains | 43,453 | 27,774 |
Gross Unrealized Losses | 8,763 | 33,545 |
Available-for-sale, at fair value | 1,552,115 | 1,494,745 |
Municipal securities | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 453,890 | 459,182 |
Gross Unrealized Gains | 9,286 | 1,749 |
Gross Unrealized Losses | 6,610 | 24,273 |
Available-for-sale, at fair value | ' | 436,658 |
Corporate Debt Securities [Member] | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 107,669 | 84,119 |
Gross Unrealized Gains | 1,789 | 71 |
Gross Unrealized Losses | 67 | 1,483 |
Available-for-sale, at fair value | ' | 82,707 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 36,198 | 10,046 |
Gross Unrealized Gains | 467 | 0 |
Gross Unrealized Losses | 0 | 174 |
Available-for-sale, at fair value | ' | 9,872 |
Other securities [Member] | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 26,301 | 27,654 |
Gross Unrealized Gains | 45 | 2 |
Gross Unrealized Losses | 24 | 113 |
Available-for-sale, at fair value | ' | 27,543 |
Residential Mortgage Backed Securities [Member] | Government agency and government-sponsored enterprise collateralized mortgage obligations [Member] | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 286,347 | 197,069 |
Gross Unrealized Gains | 2,766 | 388 |
Gross Unrealized Losses | 1,509 | 4,584 |
Available-for-sale, at fair value | ' | 192,873 |
Residential Mortgage Backed Securities [Member] | Government agency and government-sponsored enterprise pass through securities | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 563,820 | 691,944 |
Gross Unrealized Gains | 21,382 | 18,012 |
Gross Unrealized Losses | 445 | 2,768 |
Available-for-sale, at fair value | ' | 707,188 |
Residential Mortgage Backed Securities [Member] | Covered private label collateralized mortgage obligation [Member] | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 28,913 | 30,502 |
Gross Unrealized Gains | 7,709 | 7,552 |
Gross Unrealized Losses | 100 | -150 |
Available-for-sale, at fair value | ' | 37,904 |
Residential Mortgage Backed Securities [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Investment Securities, Available-for-sale | ' | ' |
Amortized Cost | 14,287 | 0 |
Gross Unrealized Gains | 9 | 0 |
Gross Unrealized Losses | 8 | 0 |
Available-for-sale, at fair value | ' | $0 |
Investments_Details_2
Investments (Details 2) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | $134,988 | $773,925 |
Fair Value, Less than 12 Months | -423 | -33,356 |
Gross Unrealized Losses, 12 Months or More | 305,449 | 5,032 |
Fair Value, 12 Months or More | -8,340 | -189 |
Gross Unrealized Losses, Total | 440,437 | 778,957 |
Fair Value, Total | -8,763 | -33,545 |
Government agency and government-sponsored enterprise pass through securities [Member] | Residential Mortgage Backed Securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 954 | 148,662 |
Fair Value, Less than 12 Months | -2 | -2,767 |
Gross Unrealized Losses, 12 Months or More | 42,325 | 32 |
Fair Value, 12 Months or More | -443 | -1 |
Gross Unrealized Losses, Total | 43,279 | 148,694 |
Fair Value, Total | -445 | -2,768 |
Government agency and government-sponsored enterprise pass through securities | Residential Mortgage Backed Securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 95,351 | 179,938 |
Fair Value, Less than 12 Months | -374 | -4,486 |
Gross Unrealized Losses, 12 Months or More | 42,971 | 4,383 |
Fair Value, 12 Months or More | -1,135 | -98 |
Gross Unrealized Losses, Total | 138,322 | 184,321 |
Fair Value, Total | -1,509 | -4,584 |
Covered private label collateralized mortgage obligation [Member] | Residential Mortgage Backed Securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 0 | 1,640 |
Fair Value, Less than 12 Months | 0 | -60 |
Gross Unrealized Losses, 12 Months or More | 1,088 | 617 |
Fair Value, 12 Months or More | -100 | -90 |
Gross Unrealized Losses, Total | 1,088 | 2,257 |
Fair Value, Total | -100 | -150 |
Collateralized Mortgage Obligations [Member] | Residential Mortgage Backed Securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 6,809 | ' |
Fair Value, Less than 12 Months | -8 | ' |
Gross Unrealized Losses, 12 Months or More | 0 | ' |
Fair Value, 12 Months or More | 0 | ' |
Gross Unrealized Losses, Total | 6,809 | ' |
Fair Value, Total | -8 | ' |
Municipal securities | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 9,655 | 337,208 |
Fair Value, Less than 12 Months | -10 | -24,273 |
Gross Unrealized Losses, 12 Months or More | 206,241 | ' |
Fair Value, 12 Months or More | -6,600 | 0 |
Gross Unrealized Losses, Total | 215,896 | 337,208 |
Fair Value, Total | -6,610 | -24,273 |
Corporate Debt Securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 22,219 | 72,636 |
Fair Value, Less than 12 Months | -29 | -1,483 |
Gross Unrealized Losses, 12 Months or More | 2,795 | 0 |
Fair Value, 12 Months or More | -38 | 0 |
Gross Unrealized Losses, Total | 25,014 | 72,636 |
Fair Value, Total | -67 | -1,483 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 0 | 9,872 |
Fair Value, Less than 12 Months | 0 | -174 |
Gross Unrealized Losses, 12 Months or More | 0 | 0 |
Fair Value, 12 Months or More | 0 | 0 |
Gross Unrealized Losses, Total | 0 | 9,872 |
Fair Value, Total | 0 | -174 |
Other securities [Member] | ' | ' |
Investment Securities, Available-for-Sale: | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 0 | 23,969 |
Fair Value, Less than 12 Months | 0 | -113 |
Gross Unrealized Losses, 12 Months or More | 10,029 | 0 |
Fair Value, 12 Months or More | -24 | 0 |
Gross Unrealized Losses, Total | 10,029 | 23,969 |
Fair Value, Total | ($24) | ($113) |
Investments_Details_3
Investments (Details 3) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment Securities, Available-for-Sale, Amortized Cost | ' | ' |
Due in one year or less | $2,803 | ' |
Due after one year through five years | 58,523 | ' |
Due after five years through ten years | 264,647 | ' |
Due after ten years | 1,191,452 | ' |
Total | 1,517,425 | 1,500,516 |
Investment Securities, Available-for-Sale, Estimated Fair Value | ' | ' |
Due in one year or less | 2,804 | ' |
Due after one year through five years | 58,864 | ' |
Due after five years through ten years | 268,537 | ' |
Due after ten years | 1,221,910 | ' |
Available-for-sale, at fair value | $1,552,115 | $1,494,745 |
Investments_Investments_Detail
Investments Investments (Details 4) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Investments Schedule [Abstract] | ' | ' | ' | ' | ' |
Interest Income, Securities, Operating, Taxable | $7,668 | $6,920 | $5,388 | $14,584 | $10,951 |
Interest Income, Securities, Operating, Tax Exempt | 3,333 | 3,328 | 2,716 | 6,661 | 5,141 |
Investment Income, Dividend | 985 | 575 | 310 | 1,564 | 538 |
Investment Income, Interest and Dividend | $11,986 | $10,823 | $8,414 | $22,809 | $16,630 |
Investments_Details_Textual
Investments (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Apr. 07, 2014 | Dec. 31, 2013 | 31-May-13 | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds From Sale Of Available For Sale Securities from CapitalSource Inc legacy portfolio | $323,600,000 | ' | ' | ' | ' | ' | ' | ' |
Available For Sale Securities Gross Realized Gains from CapitalSource Inc legacy portfolio | 0 | ' | ' | ' | ' | ' | ' | ' |
Available For Sale Securities Pledged As Collateral Amortized Cost | 327,400,000 | ' | ' | 327,400,000 | ' | ' | ' | ' |
Proceeds from Sale of Available-for-sale Securities | ' | ' | 0 | 466,534,000 | 12,810,000 | ' | ' | ' |
Investments securities available-for-sale | ' | ' | ' | ' | ' | 383,723,000 | ' | 4,444,000 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | 23,011,000 | 22,291,000 | -48,189,000 | 45,302,000 | -54,599,000 | ' | ' | ' |
Federal Home Loan Bank Stock | 49,983,000 | ' | ' | 49,983,000 | ' | ' | 27,939,000 | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 13,296,000 | 10,172,000 | -27,949,000 | 23,468,000 | -31,904,000 | ' | ' | ' |
Government agency and government-sponsored enterprise pass through securities | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale of Available-for-sale Securities | 797,000 | 137,300,000 | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gains | 89,000 | 4,800,000 | ' | ' | ' | ' | ' | ' |
Corporate Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale of Available-for-sale Securities | ' | ' | ' | ' | 12,400,000 | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gains | ' | ' | ' | ' | 400,000 | ' | ' | ' |
Federal Home Loan Bank of San Francisco [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Marketable Securities, Restricted | ' | ' | ' | $22,000,000 | ' | ' | ' | ' |
Loans_and_Credit_Quality_Loans
Loans and Credit Quality Loans and Credit Quality (Details) (Purchased Credit Impaired Loans and Leases [Member], CapitalSource Inc. [Member], USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Purchased Credit Impaired Loans and Leases [Member] | CapitalSource Inc. [Member] | ' |
Accretable Yield on Purchased Credit Impaired Loans [Line Items] | ' |
Undiscounted contractual cash flows | $297,224 |
Undiscounted cash flows not expected to be collected (nonaccretable difference) | -195,654 |
Undiscounted cash flows expected to be collected | 101,570 |
Estimated fair value of PCI loans acquired | -87,842 |
Accretable yield | $13,728 |
Loans_and_Credit_Quality_Detai
Loans and Credit Quality (Details 1) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | $3,929,556 | ' | ' | ' |
Loans and Leases Receivable Gross Carrying Amount Covered And Noncovered | 11,200,524 | ' | 4,313,335 | 4,420,619 | ' | ' |
Loans and Leases Receivable Net Of Deferred Income Covered And Noncovered | 11,190,105 | ' | 4,312,352 | ' | ' | ' |
Loans held for investment, net | 11,190,105 | ' | ' | 4,419,686 | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | 381,810 | ' | 361,003 | ' | ' | ' |
Loans and Leases Receivable, Deferred Income | -10,419 | ' | -983 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 82,149 | ' | ' | 90,643 | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -82,149 | 81,180 | -82,034 | 90,643 | 94,519 | 91,968 |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 11,107,956 | ' | 4,230,318 | 4,329,043 | ' | ' |
Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,601,020 | ' | 2,795,998 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 359,160 | ' | 371,134 | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 22,276 | ' | ' | 31,804 | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 2,422,107 | ' | ' | ' |
Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 310,534 | ' | 219,517 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 10,035 | ' | 10,427 | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 4,302 | ' | ' | 3,432 | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 207,779 | ' | ' | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,225,694 | ' | 1,242,750 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 28,939 | ' | 974 | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 35,530 | ' | ' | 26,343 | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 1,244,785 | ' | ' | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 63,276 | ' | 55,070 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 337 | ' | 261 | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 3,415 | ' | ' | 1,667 | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 54,885 | ' | ' | ' |
NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,791,669 | ' | 3,929,556 | 3,926,230 | ' | ' |
Loans held for investment, net | 10,791,669 | ' | 3,929,556 | ' | ' | ' |
Loans and Leases Receivable, Deferred Income | -10,384 | ' | -983 | ' | ' | ' |
Loans and Leases Receivable, Allowance | -65,523 | -59,980 | -60,241 | -63,246 | -65,216 | -65,899 |
Loans and Leases Receivable, Net Amount, Other | 10,726,146 | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 10,791,669 | ' | 3,869,315 | ' | ' | ' |
NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,236,452 | ' | 2,422,107 | 2,559,639 | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 22,276 | 24,352 | 26,078 | 31,804 | 37,265 | 38,700 |
Loans and Leases Receivable, Net Amount | 5,236,452 | ' | ' | ' | ' | ' |
NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 298,477 | ' | 207,779 | 197,776 | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 4,302 | 4,103 | 4,298 | 3,432 | 3,300 | 3,221 |
Loans and Leases Receivable, Net Amount | 298,477 | ' | ' | ' | ' | ' |
NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,193,735 | ' | 1,244,785 | 1,140,219 | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 35,530 | 27,740 | 26,921 | 26,343 | 23,157 | 22,252 |
Loans and Leases Receivable, Net Amount | 5,193,735 | ' | ' | ' | ' | ' |
NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 54,885 | 28,596 | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | 3,415 | 3,785 | 2,944 | 1,667 | 1,494 | 1,726 |
Loans and Leases Receivable, Net Amount | 63,005 | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 398,436 | ' | 382,796 | ' | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 436,495 | ' | 428,251 | 494,389 | ' | ' |
Loans And Leases Net Of Discounts Covered | 398,471 | ' | 382,796 | ' | ' | ' |
Loans held for investment, net | 398,436 | ' | ' | ' | ' | ' |
Loans and Leases Receivable Net Of Deferred Income Covered | ' | ' | 382,796 | ' | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | 398,436 | ' | 361,003 | ' | ' | ' |
Loans and Leases Receivable, Deferred Income | ' | ' | 0 | ' | ' | ' |
Loans and Leases Receivable, Allowance, Covered | -16,626 | -21,200 | -21,793 | -27,397 | -29,303 | -26,069 |
Loans and Leases Receivable, Net Amount, Other | 381,810 | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 395,500 | ' | 412,791 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 359,130 | ' | 371,134 | ' | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,763 | ' | 12,015 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 10,030 | ' | 10,427 | ' | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 29,824 | ' | 3,021 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 28,940 | ' | 974 | ' | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 408 | ' | 424 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 336 | ' | 261 | ' | ' | ' |
Gross Gross [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,802,053 | ' | 3,930,539 | ' | ' | ' |
Gross Gross [Member] | NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,241,860 | ' | 2,424,864 | ' | ' | ' |
Gross Gross [Member] | NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 300,499 | ' | 209,090 | ' | ' | ' |
Gross Gross [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,196,755 | ' | 1,241,776 | ' | ' | ' |
Gross Gross [Member] | NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | $62,939 | ' | $54,809 | ' | ' | ' |
Loans_and_Credit_Quality_Detai1
Loans and Credit Quality (Details 2) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | $82,149 | ($90,643) | $82,149 | ($90,643) | ($81,180) | $82,034 | ($94,519) | ($91,968) |
Allowance for Loan and Lease Losses, Write-offs | 5,434 | 4,698 | 6,933 | 5,787 | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 1,242 | 2,664 | 1,931 | 3,627 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -5,161 | -1,842 | -5,117 | -835 | ' | ' | ' | ' |
Loans held for investment, net | 11,190,105 | 4,419,686 | 11,190,105 | 4,419,686 | ' | ' | ' | ' |
Loans and Leases Receivable, Allowance | -82,149 | -90,643 | -82,149 | -90,643 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | 381,810 | ' | 381,810 | ' | ' | 361,003 | ' | ' |
Loans and Leases Receivable Net Of Deferred Income Covered And Noncovered | 11,190,105 | ' | 11,190,105 | ' | ' | 4,312,352 | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | ' | ' | ' | 3,929,556 | ' | ' |
Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -22,276 | -31,804 | -22,276 | -31,804 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | ' | ' | ' | 2,422,107 | ' | ' |
Loans and Leases Receivable, Gross | 5,601,020 | ' | 5,601,020 | ' | ' | 2,795,998 | ' | ' |
Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -4,302 | -3,432 | -4,302 | -3,432 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | ' | ' | ' | 207,779 | ' | ' |
Loans and Leases Receivable, Gross | 310,534 | ' | 310,534 | ' | ' | 219,517 | ' | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -35,530 | -26,343 | -35,530 | -26,343 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | ' | ' | ' | 1,244,785 | ' | ' |
Loans and Leases Receivable, Gross | 5,225,694 | ' | 5,225,694 | ' | ' | 1,242,750 | ' | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -3,415 | -1,667 | -3,415 | -1,667 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | ' | ' | ' | 54,885 | ' | ' |
Loans and Leases Receivable, Gross | 63,276 | ' | 63,276 | ' | ' | 55,070 | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | 4,604 | 64 | 4,553 | 0 | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 0 | 0 | 0 | 33 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -30 | -1,842 | -614 | -1,295 | ' | ' | ' | ' |
Loans held for investment, net | 398,436 | ' | 398,436 | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Allowance, Covered | 16,626 | 27,397 | 16,626 | 27,397 | 21,200 | 21,793 | 29,303 | 26,069 |
Financing Receivable, Allowance for Credit Losses, Acquired with Deteriorated Credit Quality | 16,626 | 27,397 | 16,626 | 27,397 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | 398,436 | ' | 398,436 | ' | ' | 361,003 | ' | ' |
Financing Receivable, Acquired with Deteriorated Credit Quality | 398,436 | 494,389 | 398,436 | 494,389 | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 398,436 | ' | 398,436 | ' | ' | 382,796 | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 359,130 | ' | 359,130 | ' | ' | 371,134 | ' | ' |
Loans and Leases Receivable, Gross | 395,500 | ' | 395,500 | ' | ' | 412,791 | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 10,030 | ' | 10,030 | ' | ' | 10,427 | ' | ' |
Loans and Leases Receivable, Gross | 10,763 | ' | 10,763 | ' | ' | 12,015 | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 28,940 | ' | 28,940 | ' | ' | 974 | ' | ' |
Loans and Leases Receivable, Gross | 29,824 | ' | 29,824 | ' | ' | 3,021 | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 336 | ' | 336 | ' | ' | 261 | ' | ' |
Loans and Leases Receivable, Gross | 408 | ' | 408 | ' | ' | 424 | ' | ' |
NonCovered [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | 15,335 | ' | 15,335 | ' | ' | 7,600 | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | -830 | 4,634 | -2,380 | 5,787 | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 1,242 | 2,664 | 1,931 | 3,594 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -5,131 | 0 | -5,731 | -460 | ' | ' | ' | ' |
Loans held for investment, net | 10,791,669 | ' | 10,791,669 | ' | ' | 3,929,556 | ' | ' |
Loans and Leases Receivable, Allowance | 65,523 | 63,246 | 65,523 | 63,246 | 59,980 | 60,241 | 65,216 | 65,899 |
Financing Receivable, Individually Evaluated for Impairment | 15,335 | 11,120 | 15,335 | 11,120 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 50,188 | 52,126 | 50,188 | 52,126 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 10,791,669 | ' | 10,791,669 | ' | ' | 3,869,315 | ' | ' |
Impaired Financing Receivable, Recorded Investment | 130,543 | ' | 130,543 | ' | ' | 88,422 | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 130,543 | 135,232 | 130,543 | 135,232 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 10,661,126 | 3,790,998 | 10,661,126 | 3,790,998 | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,791,669 | 3,926,230 | 10,791,669 | 3,926,230 | ' | 3,929,556 | ' | ' |
NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -22,276 | -31,804 | -22,276 | -31,804 | -24,352 | -26,078 | -37,265 | -38,700 |
Impaired Financing Receivable, Related Allowance | 2,245 | ' | 2,245 | ' | ' | 2,188 | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | 487 | 3,237 | 581 | 3,559 | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 376 | 1,336 | 636 | 1,513 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -1,965 | -3,560 | -3,857 | -4,850 | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 3,548 | ' | 3,548 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 20,031 | 28,256 | 20,031 | 28,256 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 5,236,452 | ' | 5,236,452 | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | 62,287 | ' | 62,287 | ' | ' | 62,276 | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 96,293 | ' | 96,293 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 5,174,165 | 2,463,346 | 5,174,165 | 2,463,346 | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,236,452 | 2,559,639 | 5,236,452 | 2,559,639 | ' | 2,422,107 | ' | ' |
NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -4,302 | -3,432 | -4,302 | -3,432 | -4,103 | -4,298 | -3,300 | -3,221 |
Impaired Financing Receivable, Related Allowance | 238 | ' | 238 | ' | ' | 169 | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | 0 | 0 | 0 | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 64 | 12 | 88 | 335 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -135 | -120 | -84 | -124 | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 62 | ' | 62 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 4,064 | 3,370 | 4,064 | 3,370 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 298,477 | ' | 298,477 | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | 12,797 | ' | 12,797 | ' | ' | 7,512 | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 14,966 | ' | 14,966 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 285,680 | 182,810 | 285,680 | 182,810 | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 298,477 | 197,776 | 298,477 | 197,776 | ' | 207,779 | ' | ' |
NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -35,530 | -26,343 | -35,530 | -26,343 | -27,740 | -26,921 | -23,157 | -22,252 |
Impaired Financing Receivable, Related Allowance | 12,531 | ' | 12,531 | ' | ' | 5,003 | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | -326 | 1,370 | -1,767 | 2,192 | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 587 | 1,297 | 965 | 1,704 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -7,529 | -3,259 | -9,411 | -4,579 | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 7,270 | ' | 7,270 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 22,999 | 19,073 | 22,999 | 19,073 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 5,193,735 | ' | 5,193,735 | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | 51,488 | ' | 51,488 | ' | ' | 17,932 | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 23,275 | ' | 23,275 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 5,142,247 | 1,116,944 | 5,142,247 | 1,116,944 | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,193,735 | 1,140,219 | 5,193,735 | 1,140,219 | ' | 1,244,785 | ' | ' |
NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable Allowance Covered And Noncovered | -3,415 | -1,667 | -3,415 | -1,667 | -3,785 | -2,944 | -1,494 | -1,726 |
Impaired Financing Receivable, Related Allowance | 321 | ' | 321 | ' | ' | 240 | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | 17 | 27 | 32 | 36 | ' | ' | ' | ' |
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 215 | 19 | 242 | 42 | ' | ' | ' | ' |
Provision for Loan and Lease Losses | -568 | -181 | -261 | -65 | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 240 | ' | 240 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 3,094 | 1,427 | 3,094 | 1,427 | ' | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 63,005 | ' | 63,005 | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | 3,971 | ' | 3,971 | ' | ' | 702 | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | 698 | ' | 698 | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 59,034 | 27,898 | 59,034 | 27,898 | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | $28,596 | ' | $28,596 | ' | $54,885 | ' | ' |
Loans_and_Credit_Quality_Detai2
Loans and Credit Quality (Details 3) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | $3,929,556 | ' |
Hospitality [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 180,553 | ' |
SBA 504 Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 45,166 | ' |
Real Estate Other Class [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 2,196,388 | ' |
Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,601,020 | 2,795,998 | ' |
Loans and Leases Receivable, Net Amount | ' | 2,422,107 | ' |
Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 58,881 | ' |
Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 148,898 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 310,534 | 219,517 | ' |
Loans and Leases Receivable, Net Amount | ' | 207,779 | ' |
Collateralized Loan Obligations [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 586,481 | ' |
Unsecured Commercial Member [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 153,752 | ' |
Asset Based [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 202,428 | ' |
Cash Flow [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 0 | ' |
Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 273,483 | ' |
SBA 7(a) Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 28,641 | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,225,694 | 1,242,750 | ' |
Loans and Leases Receivable, Net Amount | ' | 1,244,785 | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 63,276 | 55,070 | ' |
Loans and Leases Receivable, Net Amount | ' | 54,885 | ' |
NonCovered [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,791,669 | 3,929,556 | 3,926,230 |
Loans and Leases Receivable, Net Amount | 10,791,669 | 3,869,315 | ' |
NonCovered [Member] | Hospitality [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 549,306 | 180,553 | ' |
NonCovered [Member] | SBA 504 Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 346,398 | 45,166 | ' |
NonCovered [Member] | Real Estate Other Class [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,340,748 | 2,196,388 | ' |
NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,236,452 | 2,422,107 | 2,559,639 |
Loans and Leases Receivable, Net Amount | 5,236,452 | ' | ' |
NonCovered [Member] | Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 71,919 | 58,881 | ' |
NonCovered [Member] | Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 226,558 | 148,898 | ' |
NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 298,477 | 207,779 | 197,776 |
Loans and Leases Receivable, Net Amount | 298,477 | ' | ' |
NonCovered [Member] | Collateralized Loan Obligations [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 446,222 | 586,481 | ' |
NonCovered [Member] | Unsecured Commercial Member [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 145,497 | 153,752 | ' |
NonCovered [Member] | Asset Based [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,488,212 | 202,428 | ' |
NonCovered [Member] | Cash Flow [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 2,138,917 | 0 | ' |
NonCovered [Member] | Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 932,554 | 273,483 | ' |
NonCovered [Member] | SBA 7(a) Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 42,333 | 28,641 | ' |
NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,193,735 | 1,244,785 | 1,140,219 |
Loans and Leases Receivable, Net Amount | 5,193,735 | ' | ' |
NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 54,885 | 28,596 |
Loans and Leases Receivable, Net Amount | 63,005 | ' | ' |
NonCovered [Member] | Nonclassified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,487,042 | 3,802,245 | ' |
NonCovered [Member] | Nonclassified [Member] | Hospitality [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 533,930 | 168,216 | ' |
NonCovered [Member] | Nonclassified [Member] | SBA 504 Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 338,366 | 39,869 | ' |
NonCovered [Member] | Nonclassified [Member] | Real Estate Other Class [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,239,013 | 2,132,109 | ' |
NonCovered [Member] | Nonclassified [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,111,309 | 2,340,194 | ' |
NonCovered [Member] | Nonclassified [Member] | Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 70,634 | 58,131 | ' |
NonCovered [Member] | Nonclassified [Member] | Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 221,572 | 142,607 | ' |
NonCovered [Member] | Nonclassified [Member] | Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 292,206 | 200,738 | ' |
NonCovered [Member] | Nonclassified [Member] | Collateralized Loan Obligations [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 400,672 | 567,643 | ' |
NonCovered [Member] | Nonclassified [Member] | Unsecured Commercial Member [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 144,188 | 151,896 | ' |
NonCovered [Member] | Nonclassified [Member] | Asset Based [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,472,731 | 195,569 | ' |
NonCovered [Member] | Nonclassified [Member] | Cash Flow [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 2,062,811 | 0 | ' |
NonCovered [Member] | Nonclassified [Member] | Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 906,187 | 272,851 | ' |
NonCovered [Member] | Nonclassified [Member] | SBA 7(a) Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 38,237 | 22,880 | ' |
NonCovered [Member] | Nonclassified [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,024,826 | 1,210,839 | ' |
NonCovered [Member] | Nonclassified [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 58,701 | 50,474 | ' |
NonCovered [Member] | Classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 304,627 | 127,311 | ' |
NonCovered [Member] | Classified [Member] | Hospitality [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,376 | 12,337 | ' |
NonCovered [Member] | Classified [Member] | SBA 504 Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 8,032 | 5,297 | ' |
NonCovered [Member] | Classified [Member] | Real Estate Other Class [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 101,735 | 64,279 | ' |
NonCovered [Member] | Classified [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 125,143 | 81,913 | ' |
NonCovered [Member] | Classified [Member] | Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,285 | 750 | ' |
NonCovered [Member] | Classified [Member] | Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,986 | 6,291 | ' |
NonCovered [Member] | Classified [Member] | Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 6,271 | 7,041 | ' |
NonCovered [Member] | Classified [Member] | Collateralized Loan Obligations [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 45,550 | 18,838 | ' |
NonCovered [Member] | Classified [Member] | Unsecured Commercial Member [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,309 | 1,856 | ' |
NonCovered [Member] | Classified [Member] | Asset Based [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,481 | 6,859 | ' |
NonCovered [Member] | Classified [Member] | Cash Flow [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 76,106 | 0 | ' |
NonCovered [Member] | Classified [Member] | Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 26,367 | 632 | ' |
NonCovered [Member] | Classified [Member] | SBA 7(a) Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,096 | 5,761 | ' |
NonCovered [Member] | Classified [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 168,909 | 33,946 | ' |
NonCovered [Member] | Classified [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | $4,304 | $4,411 | ' |
Loans_and_Credit_Quality_Detai3
Loans and Credit Quality (Details 4) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | $9,000 | $4,000 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 3,929,556 | ' |
Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 5,601,020 | 2,795,998 | ' |
Real Estate Other Class [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 2,196,388 | ' |
SBA 504 Loans [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 45,166 | ' |
Hospitality [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 180,553 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 310,534 | 219,517 | ' |
Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 148,898 | ' |
Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 58,881 | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 5,225,694 | 1,242,750 | ' |
SBA 7(a) Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 28,641 | ' |
Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 273,483 | ' |
Cash Flow [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 0 | ' |
Asset Based [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 202,428 | ' |
Unsecured Commercial Member [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 153,752 | ' |
Collateralized Loan Obligations [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 586,481 | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 63,276 | 55,070 | ' |
NonCovered [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 12,121 | 23,897 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 22,280 | 5,233 | ' |
Financing Receivable, Recorded Investment, Past Due | 34,401 | 29,130 | ' |
Current | 10,757,268 | 3,900,426 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 10,791,669 | 3,929,556 | 3,926,230 |
NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 5,099 | 15,590 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 14,691 | 2,406 | ' |
Financing Receivable, Recorded Investment, Past Due | 19,790 | 17,996 | ' |
Current | 5,216,662 | 2,404,111 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 5,236,452 | 2,422,107 | 2,559,639 |
NonCovered [Member] | Real Estate Other Class [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 4,340,748 | 2,196,388 | ' |
NonCovered [Member] | SBA 504 Loans [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 346,398 | 45,166 | ' |
NonCovered [Member] | Hospitality [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 549,306 | 180,553 | ' |
NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 2,029 | 2,013 | ' |
Financing Receivable, Recorded Investment, Past Due | 2,029 | 2,013 | ' |
Current | 296,448 | 205,766 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 298,477 | 207,779 | 197,776 |
NonCovered [Member] | Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 226,558 | 148,898 | ' |
NonCovered [Member] | Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 71,919 | 58,881 | ' |
NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 6,894 | 4,988 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 2,325 | 814 | ' |
Financing Receivable, Recorded Investment, Past Due | 9,219 | 5,802 | ' |
Current | 5,184,516 | 1,238,983 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 5,193,735 | 1,244,785 | 1,140,219 |
NonCovered [Member] | SBA 7(a) Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 42,333 | 28,641 | ' |
NonCovered [Member] | Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 932,554 | 273,483 | ' |
NonCovered [Member] | Cash Flow [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 2,138,917 | 0 | ' |
NonCovered [Member] | Asset Based [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 1,488,212 | 202,428 | ' |
NonCovered [Member] | Unsecured Commercial Member [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 145,497 | 153,752 | ' |
NonCovered [Member] | Collateralized Loan Obligations [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 446,222 | 586,481 | ' |
NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | ' | 54,885 | 28,596 |
Consumer Financing Receivable [Member] | NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 128 | 3,319 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 3,235 | 0 | ' |
Financing Receivable, Recorded Investment, Past Due | 3,363 | 3,319 | ' |
Current | 59,642 | 51,566 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 63,005 | 54,885 | ' |
Collateralized Loan Obligations [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 6,606 | 473 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 182 | 259 | ' |
Financing Receivable, Recorded Investment, Past Due | 6,788 | 732 | ' |
Current | 439,434 | 585,749 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 446,222 | 586,481 | ' |
Unsecured Commercial Member [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 145 | 83 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 18 | 68 | ' |
Financing Receivable, Recorded Investment, Past Due | 163 | 151 | ' |
Current | 145,334 | 153,601 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 145,497 | 153,752 | ' |
Asset Based [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | ' |
Current | 1,488,212 | 202,428 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 1,488,212 | 202,428 | ' |
Cash Flow [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | ' | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | ' | ' |
Financing Receivable, Recorded Investment, Past Due | 0 | ' | ' |
Current | 2,138,917 | ' | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 2,138,917 | ' | ' |
Equipment Finance Commercial Financing Receivable [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | 2,662 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 1,941 | 244 | ' |
Financing Receivable, Recorded Investment, Past Due | 1,941 | 2,906 | ' |
Current | 930,613 | 270,577 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 932,554 | 273,483 | ' |
SBA 7(a) Financing Receivable [Member] | NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 143 | 1,770 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 184 | 243 | ' |
Financing Receivable, Recorded Investment, Past Due | 327 | 2,013 | ' |
Current | 42,006 | 26,628 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 42,333 | 28,641 | ' |
Residential Real Estate Construction Financing Receivable [Member] | NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 542 | 0 | ' |
Financing Receivable, Recorded Investment, Past Due | 542 | 0 | ' |
Current | 71,377 | 58,881 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 71,919 | 58,881 | ' |
Commercial Real Estate Construction Financing Receivable [Member] | NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 1,487 | 2,013 | ' |
Financing Receivable, Recorded Investment, Past Due | 1,487 | 2,013 | ' |
Current | 225,071 | 146,885 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 226,558 | 148,898 | ' |
Hospitality [Member] | NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | 0 | ' |
Financing Receivable, Recorded Investment, Past Due | 0 | 0 | ' |
Current | 549,306 | 180,553 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 549,306 | 180,553 | ' |
SBA 504 Loans [Member] | NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 3,125 | 2,564 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 1,788 | 0 | ' |
Financing Receivable, Recorded Investment, Past Due | 4,913 | 2,564 | ' |
Current | 341,485 | 42,602 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | 346,398 | 45,166 | ' |
Real Estate Other Class [Member] | NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' |
Delinquent loans in loan portfolio | ' | ' | ' |
30-89 Days Past Due | 1,974 | 13,026 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 12,903 | 2,406 | ' |
Financing Receivable, Recorded Investment, Past Due | 14,877 | 15,432 | ' |
Current | 4,325,871 | 2,180,956 | ' |
Loans held for investment, net (including $0 and $340.0 million, respectively, of loans that can only be used to settle obligations of consolidated VIEs) | $4,340,748 | $2,196,388 | ' |
Loans_and_Credit_Quality_Detai4
Loans and Credit Quality (Details 5) (NonCovered [Member], USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Related Allowance | $15,335 | $7,600 |
Impaired Financing Receivable, Recorded Investment | 130,543 | 88,422 |
Impaired Financing Receivable, Unpaid Principal Balance | 161,035 | 113,813 |
Hospitality [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,974 | 5,717 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,973 | 6,215 |
Impaired Financing Receivable, Related Allowance | 117 | 198 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 6,552 | 3,013 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 7,593 | 3,385 |
SBA 504 Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 1,642 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 1,643 |
Impaired Financing Receivable, Related Allowance | 0 | 230 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 8,032 | 2,602 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 10,787 | 3,646 |
Real Estate Mortgage Other Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 14,329 | 15,937 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 14,446 | 16,571 |
Impaired Financing Receivable, Related Allowance | 2,128 | 1,760 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 31,400 | 33,365 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 43,753 | 46,062 |
Residential Real Estate Construction Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 771 | 778 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 770 | 778 |
Impaired Financing Receivable, Related Allowance | 150 | 168 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 542 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 550 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 435 | 1,250 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 432 | 1,250 |
Impaired Financing Receivable, Related Allowance | 88 | 1 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 11,049 | 5,484 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 15,575 | 9,923 |
Collateralized Loan Obligations [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 11,958 | 4,377 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 12,389 | 4,692 |
Impaired Financing Receivable, Related Allowance | 10,380 | 4,270 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 3,188 | 6,700 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 4,656 | 9,924 |
Unsecured Commercial Member [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 701 | 801 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 712 | 829 |
Impaired Financing Receivable, Related Allowance | 414 | 375 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 304 | 179 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 424 | 247 |
Asset Based [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 269 | 1,070 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 1,070 |
Impaired Financing Receivable, Related Allowance | 269 | 180 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 4,604 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 5,315 | 0 |
Cash Flow [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 15,792 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 17,525 | 0 |
Equipment Finance Commercial Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,941 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,941 | 0 |
Impaired Financing Receivable, Related Allowance | 1,468 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 8,635 | 632 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 12,700 | 632 |
SBA 7(a) Financing Receivable [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 1,136 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 1,136 |
Impaired Financing Receivable, Related Allowance | 0 | 178 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 4,096 | 3,037 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 5,304 | 4,945 |
Consumer Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,651 | 424 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,751 | 471 |
Impaired Financing Receivable, Related Allowance | 321 | 240 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 320 | 278 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 439 | 394 |
Impaired Financing Receivable, Recorded Investment | 3,971 | 702 |
Impaired Financing Receivable, Unpaid Principal Balance | 4,190 | 865 |
Mortgage Loans on Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Related Allowance | 2,245 | 2,188 |
Impaired Financing Receivable, Recorded Investment | 62,287 | 62,276 |
Impaired Financing Receivable, Unpaid Principal Balance | 78,552 | 77,522 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Related Allowance | 238 | 169 |
Impaired Financing Receivable, Recorded Investment | 12,797 | 7,512 |
Impaired Financing Receivable, Unpaid Principal Balance | 17,327 | 11,951 |
Commercial Portfolio Segment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Related Allowance | 12,531 | 5,003 |
Impaired Financing Receivable, Recorded Investment | 51,488 | 17,932 |
Impaired Financing Receivable, Unpaid Principal Balance | $60,966 | $23,475 |
Loans_and_Credit_Quality_Detai5
Loans and Credit Quality (Details 6) (USD $) | 3 Months Ended | 6 Months Ended | |||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | $3,929,556 | ||||
Hospitality [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 180,553 | ||||
SBA 504 Loans [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 45,166 | ||||
Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 58,881 | ||||
Collateralized Loan Obligations [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 586,481 | ||||
Unsecured Commercial Member [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 153,752 | ||||
Asset Based [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 202,428 | ||||
Cash Flow [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 0 | ||||
Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 273,483 | ||||
SBA 7(a) Financing Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | ' | ' | ' | ' | 28,641 | ||||
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | 63,276 | ' | 63,276 | ' | 55,070 | ||||
Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | 5,601,020 | ' | 5,601,020 | ' | 2,795,998 | ||||
Real Estate Construction [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | 310,534 | ' | 310,534 | ' | 219,517 | ||||
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Loans and Leases Receivable, Gross | 5,225,694 | ' | 5,225,694 | ' | 1,242,750 | ||||
NonCovered [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Recorded Investment, Nonaccrual Status | 96,802 | ' | 96,802 | ' | ' | ||||
Impaired Financing Receivable Performing Restructured Loans | 33,741 | ' | 33,741 | ' | 41,648 | ||||
Impaired Financing Receivable, Recorded Investment | 130,543 | ' | 130,543 | ' | 88,422 | ||||
Loans and Leases Receivable, Gross | 10,791,669 | 3,926,230 | 10,791,669 | 3,926,230 | 3,929,556 | ||||
Impaired Financing Receivable, Average Recorded Investment | 95,095 | [1] | 119,036 | [1] | 80,468 | [1] | 110,714 | [1] | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 432 | 966 | 683 | 1,721 | ' | ||||
NonCovered [Member] | Hospitality [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,974 | [1] | 8,779 | [1] | 1,974 | [1] | 8,779 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 20 | 226 | 40 | 247 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 6,552 | [1] | 0 | [1] | 6,552 | [1] | 0 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 549,306 | ' | 549,306 | ' | 180,553 | ||||
NonCovered [Member] | SBA 504 Loans [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | [1] | 1,659 | [1] | 0 | [1] | 1,659 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 23 | 0 | 45 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,271 | [1] | 2,935 | [1] | 4,193 | [1] | 2,911 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 346,398 | ' | 346,398 | ' | 45,166 | ||||
NonCovered [Member] | Real Estate Mortgage Other Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 14,329 | [1] | 51,327 | [1] | 13,127 | [1] | 50,276 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 174 | 513 | 277 | 1,010 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27,100 | [1] | 25,041 | [1] | 23,697 | [1] | 20,777 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 79 | 133 | 153 | 190 | ' | ||||
NonCovered [Member] | Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 771 | [1] | 393 | [1] | 771 | [1] | 393 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 4 | 0 | 8 | 0 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 542 | [1] | 441 | [1] | 339 | [1] | 441 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 71,919 | ' | 71,919 | ' | 58,881 | ||||
NonCovered [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 435 | [1] | 8,540 | [1] | 221 | [1] | 8,540 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 6 | 87 | 7 | 179 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 11,049 | [1] | 4,568 | [1] | 8,214 | [1] | 4,317 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 71 | -59 | 97 | -29 | ' | ||||
NonCovered [Member] | Collateralized Loan Obligations [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 5,986 | [1] | 3,804 | [1] | 4,843 | [1] | 2,795 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 43 | 10 | 49 | 18 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,985 | [1] | 4,266 | [1] | 1,532 | [1] | 2,773 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 24 | 0 | 31 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 446,222 | ' | 446,222 | ' | 586,481 | ||||
NonCovered [Member] | Unsecured Commercial Member [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 701 | [1] | 2,062 | [1] | 684 | [1] | 2,062 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 6 | 8 | 12 | 17 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 304 | [1] | 179 | [1] | 295 | [1] | 160 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 145,497 | ' | 145,497 | ' | 153,752 | ||||
NonCovered [Member] | Asset Based [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 269 | [1] | 223 | [1] | 269 | [1] | 112 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 5 | 0 | 5 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,604 | [1] | 0 | [1] | 2,340 | [1] | 0 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 1,488,212 | ' | 1,488,212 | ' | 202,428 | ||||
NonCovered [Member] | Cash Flow [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 174 | [1] | 0 | [1] | 87 | [1] | 0 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 2,138,917 | ' | 2,138,917 | ' | 0 | ||||
NonCovered [Member] | Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,322 | [1] | 0 | [1] | 665 | [1] | 0 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 7,476 | [1] | 244 | [1] | 6,245 | [1] | 244 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Loans and Leases Receivable, Gross | 932,554 | ' | 932,554 | ' | 273,483 | ||||
NonCovered [Member] | SBA 7(a) Financing Receivable [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | [1] | 1,094 | [1] | 0 | [1] | 1,094 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 12 | 0 | 23 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,406 | [1] | 2,872 | [1] | 1,406 | [1] | 2,782 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 5 | 0 | 11 | ' | ||||
Loans and Leases Receivable, Gross | 42,333 | ' | 42,333 | ' | 28,641 | ||||
NonCovered [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 3,571 | [1] | 436 | [1] | 2,761 | [1] | 436 | [1] | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 5 | 3 | 9 | 5 | ' | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 274 | [1] | 173 | [1] | 253 | [1] | 163 | [1] | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' | ||||
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' | ' | ' | 394 | ||||
Impaired Financing Receivable Performing Restructured Loans | 423 | ' | 423 | ' | 308 | ||||
Impaired Financing Receivable, Recorded Investment | 3,971 | ' | 3,971 | ' | 702 | ||||
Loans and Leases Receivable, Gross | ' | 28,596 | ' | 28,596 | 54,885 | ||||
Impaired Financing Receivable, Average Recorded Investment | 3,845 | [1] | 609 | [1] | 3,014 | [1] | 599 | [1] | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 5 | 3 | 9 | 5 | ' | ||||
NonCovered [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' | ' | ' | 27,973 | ||||
Impaired Financing Receivable Performing Restructured Loans | 19,605 | ' | 19,605 | ' | 34,303 | ||||
Impaired Financing Receivable, Recorded Investment | 62,287 | ' | 62,287 | ' | 62,276 | ||||
Loans and Leases Receivable, Gross | 5,236,452 | 2,559,639 | 5,236,452 | 2,559,639 | 2,422,107 | ||||
Impaired Financing Receivable, Average Recorded Investment | 54,226 | [1] | 89,741 | [1] | 49,543 | [1] | 84,402 | [1] | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 273 | 895 | 470 | 1,492 | ' | ||||
NonCovered [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' | ' | ' | 3,219 | ||||
Impaired Financing Receivable Performing Restructured Loans | 9,133 | ' | 9,133 | ' | 4,293 | ||||
Impaired Financing Receivable, Recorded Investment | 12,797 | ' | 12,797 | ' | 7,512 | ||||
Loans and Leases Receivable, Gross | 298,477 | 197,776 | 298,477 | 197,776 | 207,779 | ||||
Impaired Financing Receivable, Average Recorded Investment | 12,797 | [1] | 13,942 | [1] | 9,545 | [1] | 13,691 | [1] | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 81 | 28 | 112 | 150 | ' | ||||
NonCovered [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ||||
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' | ' | ' | 15,188 | ||||
Impaired Financing Receivable Performing Restructured Loans | 4,580 | ' | 4,580 | ' | 2,744 | ||||
Impaired Financing Receivable, Recorded Investment | 51,488 | ' | 51,488 | ' | 17,932 | ||||
Loans and Leases Receivable, Gross | 5,193,735 | 1,140,219 | 5,193,735 | 1,140,219 | 1,244,785 | ||||
Impaired Financing Receivable, Average Recorded Investment | 24,227 | [1] | 14,744 | [1] | 18,366 | [1] | 12,022 | [1] | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | $73 | $40 | $92 | $74 | ' | ||||
[1] | (1)For the loans and leases (excluding PCI loans) reported as impaired at JuneB 30, 2014 and 2013, amounts were calculated based on the period of time such loans and leases were impaired during the reported period. |
Loans_and_Credit_Quality_Detai6
Loans and Credit Quality (Details 7) (NonCovered [Member], USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 6 | 11 | 19 | 17 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $1,400 | $6,099 | $12,284 | $19,717 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 1,400 | 6,099 | 12,284 | 19,717 | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 4 | 2 | 5 | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | [1] | 2,138 | [1],[2] | 427 | [1],[3] | 3,344 | [1],[4] |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 1 | 1 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 0 | 14 | 124 | 14 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 14 | 124 | 14 | ||||
Collateralized Loan Obligations [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 2 | 3 | 6 | 4 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 59 | 3,518 | 3,346 | 3,913 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 59 | 3,518 | 3,346 | 3,913 | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 3 | 2 | 3 | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | [1] | 788 | [1] | 427 | [1] | 788 | [1] |
Unsecured Commercial Member [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 0 | 2 | 2 | 2 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 0 | 398 | 38 | 398 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 398 | 38 | 398 | ||||
Asset Based [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 0 | 1 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 0 | 2,032 | 0 | 2,032 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 2,032 | 0 | 2,032 | ||||
SBA 7(a) Financing Receivable [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 0 | 4 | 0 | 4 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 0 | 137 | 0 | 137 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 137 | 0 | 137 | ||||
Commercial Real Estate Construction Financing Receivable [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | ' | ' | 2 | ' | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | ' | 4,920 | ' | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 4,920 | ' | ||||
Real Estate Mortgage Other Receivable [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||||
Financing Receivable, Modifications, Number of Contracts | 4 | 0 | 8 | 5 | ||||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 1,341 | 0 | 3,856 | 13,223 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 1,341 | 0 | 3,856 | 13,223 | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 | 0 | 2 | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $0 | [1] | $1,350 | [1] | $0 | [1] | $2,556 | [1] |
[1] | (1) The population of defaulted restructured loans for the period indicated includes only those loans restructured during the preceding 12-month period. The table excludes defaulted troubled restructurings in those classes for which the recorded investment was zero at the end of the period. | |||||||
[2] | (2) Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million. | |||||||
[3] | (2) Represents the balance at June 30, 2014, and is net of charge-offs of $0.2 million | |||||||
[4] | (3) Represents the balance at June 30, 2013, and is net of charge-offs of $1.1 million |
Loans_and_Credit_Quality_Detai7
Loans and Credit Quality (Details 8) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | $3,929,556 | ' | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | 381,810 | ' | 361,003 | ' | ' | ' |
NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,791,669 | ' | 3,929,556 | 3,926,230 | ' | ' |
Loans and Leases Receivable, Net Amount | 10,791,669 | ' | 3,869,315 | ' | ' | ' |
Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 398,436 | ' | 382,796 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 398,471 | ' | 382,796 | ' | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 436,495 | ' | 428,251 | 494,389 | ' | ' |
Loan Discounts | -38,059 | ' | -45,455 | ' | ' | ' |
Loans and Leases Receivable, Allowance, Covered | -16,626 | -21,200 | -21,793 | -27,397 | -29,303 | -26,069 |
Loans and Leases Receivable, Net Reported Amount, Covered | 398,436 | ' | 361,003 | ' | ' | ' |
Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 273,483 | ' | ' | ' |
Equipment Finance Commercial Financing Receivable [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 932,554 | ' | 273,483 | ' | ' | ' |
SBA 7(a) Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 28,641 | ' | ' | ' |
SBA 7(a) Financing Receivable [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 42,333 | ' | 28,641 | ' | ' | ' |
Hospitality [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 180,553 | ' | ' | ' |
Hospitality [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 549,306 | ' | 180,553 | ' | ' | ' |
SBA 504 Loans [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 45,166 | ' | ' | ' |
SBA 504 Loans [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 346,398 | ' | 45,166 | ' | ' | ' |
Real Estate Other Class [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 2,196,388 | ' | ' | ' |
Real Estate Other Class [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,340,748 | ' | 2,196,388 | ' | ' | ' |
Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,601,020 | ' | 2,795,998 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 2,422,107 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 359,160 | ' | 371,134 | ' | ' | ' |
Mortgage Loans on Real Estate [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,236,452 | ' | 2,422,107 | 2,559,639 | ' | ' |
Loans and Leases Receivable, Net Amount | 5,236,452 | ' | ' | ' | ' | ' |
Mortgage Loans on Real Estate [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 395,500 | ' | 412,791 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 359,130 | ' | 371,134 | ' | ' | ' |
Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 310,534 | ' | 219,517 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 207,779 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 10,035 | ' | 10,427 | ' | ' | ' |
Real Estate Construction [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 298,477 | ' | 207,779 | 197,776 | ' | ' |
Loans and Leases Receivable, Net Amount | 298,477 | ' | ' | ' | ' | ' |
Real Estate Construction [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,763 | ' | 12,015 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 10,030 | ' | 10,427 | ' | ' | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,225,694 | ' | 1,242,750 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 1,244,785 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 28,939 | ' | 974 | ' | ' | ' |
Commercial Portfolio Segment [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,193,735 | ' | 1,244,785 | 1,140,219 | ' | ' |
Loans and Leases Receivable, Net Amount | 5,193,735 | ' | ' | ' | ' | ' |
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 29,824 | ' | 3,021 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 28,940 | ' | 974 | ' | ' | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 63,276 | ' | 55,070 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | ' | ' | 54,885 | ' | ' | ' |
Loans And Leases Net Of Discounts Covered | 337 | ' | 261 | ' | ' | ' |
Consumer Portfolio Segment [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 54,885 | 28,596 | ' | ' |
Loans and Leases Receivable, Net Amount | 63,005 | ' | ' | ' | ' | ' |
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 408 | ' | 424 | ' | ' | ' |
Loans and Leases Receivable, Net Amount | 336 | ' | 261 | ' | ' | ' |
Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 58,881 | ' | ' | ' |
Residential Real Estate Construction Financing Receivable [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 71,919 | ' | 58,881 | ' | ' | ' |
Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 148,898 | ' | ' | ' |
Commercial Real Estate Construction Financing Receivable [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 226,558 | ' | 148,898 | ' | ' | ' |
Collateralized Loan Obligations [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 586,481 | ' | ' | ' |
Collateralized Loan Obligations [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 446,222 | ' | 586,481 | ' | ' | ' |
Unsecured Commercial Member [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 153,752 | ' | ' | ' |
Unsecured Commercial Member [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 145,497 | ' | 153,752 | ' | ' | ' |
Asset Based [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 202,428 | ' | ' | ' |
Asset Based [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,488,212 | ' | 202,428 | ' | ' | ' |
Cash Flow [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 0 | ' | ' | ' |
Cash Flow [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 2,138,917 | ' | 0 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 96,802 | ' | 46,774 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Equipment Finance Commercial Financing Receivable [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,576 | ' | 632 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | SBA 7(a) Financing Receivable [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,096 | ' | 3,037 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Hospitality [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 6,552 | ' | 6,723 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | SBA 504 Loans [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 8,032 | ' | 2,602 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Real Estate Other Class [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 28,098 | ' | 18,648 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Mortgage Loans on Real Estate [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 27,973 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Mortgage Loans on Real Estate [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 42,682 | ' | ' | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Real Estate Construction [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 3,219 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Real Estate Construction [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 3,664 | ' | ' | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Commercial Portfolio Segment [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 15,188 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Commercial Portfolio Segment [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 46,908 | ' | ' | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | 394 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member] | NonCovered [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 3,548 | ' | ' | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Residential Real Estate Construction Financing Receivable [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 927 | ' | 389 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Commercial Real Estate Construction Financing Receivable [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 2,737 | ' | 2,830 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Collateralized Loan Obligations [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 11,247 | ' | 9,991 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Unsecured Commercial Member [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 322 | ' | 458 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Asset Based [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,874 | ' | 1,070 | ' | ' | ' |
Nonperforming Financing Receivable [Member] | Cash Flow [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,793 | ' | 0 | ' | ' | ' |
Performing Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,694,867 | ' | 3,882,782 | ' | ' | ' |
Performing Financing Receivable [Member] | Equipment Finance Commercial Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 921,978 | ' | 272,851 | ' | ' | ' |
Performing Financing Receivable [Member] | SBA 7(a) Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 38,237 | ' | 25,604 | ' | ' | ' |
Performing Financing Receivable [Member] | Hospitality [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 542,754 | ' | 173,830 | ' | ' | ' |
Performing Financing Receivable [Member] | SBA 504 Loans [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 338,366 | ' | 42,564 | ' | ' | ' |
Performing Financing Receivable [Member] | Real Estate Other Class [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,312,650 | ' | 2,177,740 | ' | ' | ' |
Performing Financing Receivable [Member] | Mortgage Loans on Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,193,770 | ' | 2,394,134 | ' | ' | ' |
Performing Financing Receivable [Member] | Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 294,813 | ' | 204,560 | ' | ' | ' |
Performing Financing Receivable [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,146,827 | ' | 1,229,597 | ' | ' | ' |
Performing Financing Receivable [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 59,457 | ' | 54,491 | ' | ' | ' |
Performing Financing Receivable [Member] | Residential Real Estate Construction Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 70,992 | ' | 58,492 | ' | ' | ' |
Performing Financing Receivable [Member] | Commercial Real Estate Construction Financing Receivable [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 223,821 | ' | 146,068 | ' | ' | ' |
Performing Financing Receivable [Member] | Collateralized Loan Obligations [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 434,975 | ' | 576,490 | ' | ' | ' |
Performing Financing Receivable [Member] | Unsecured Commercial Member [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 145,175 | ' | 153,294 | ' | ' | ' |
Performing Financing Receivable [Member] | Asset Based [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,483,338 | ' | 201,358 | ' | ' | ' |
Performing Financing Receivable [Member] | Cash Flow [Member] | ' | ' | ' | ' | ' | ' |
Purchased Credit Impaired Loans Composition [Line Items] | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | $2,123,124 | ' | $0 | ' | ' | ' |
Loans_and_Credit_Quality_Detai8
Loans and Credit Quality (Details 9) (Purchased Credit Impaired Loans and Leases [Member], Covered [Member], USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | Carrying Amount [Member] | Accretable Yield [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' | ' | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $381,810 | $361,003 | ' | ' |
Accretable yield | -129,025 | -139,568 | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Additions | ' | ' | 87,842 | -13,728 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | ' | ' | 32,319 | 32,319 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Disposals of Loans | ' | ' | -98,740 | 0 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses, Decreases | ' | ' | 0 | -8,048 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Provision for Loan Losses | ' | ' | ($614) | $0 |
Loans_and_Credit_Quality_Detai9
Loans and Credit Quality (Details 10) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | ' | $3,929,556 |
Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 398,436 | 382,796 |
Purchased Credit Impaired Loans and Leases [Member] | Nonclassified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 189,614 | 221,060 |
Purchased Credit Impaired Loans and Leases [Member] | Classified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 208,822 | 161,736 |
Mortgage Loans on Real Estate [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 5,601,020 | 2,795,998 |
Loans and Leases Receivable, Net Amount | ' | 2,422,107 |
Mortgage Loans on Real Estate [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 395,500 | 412,791 |
Loans and Leases Receivable, Net Amount | 359,130 | 371,134 |
Mortgage Loans on Real Estate [Member] | Purchased Credit Impaired Loans and Leases [Member] | Nonclassified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 185,641 | 216,092 |
Mortgage Loans on Real Estate [Member] | Purchased Credit Impaired Loans and Leases [Member] | Classified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 173,489 | 155,042 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 310,534 | 219,517 |
Loans and Leases Receivable, Net Amount | ' | 207,779 |
Real Estate Construction [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 10,763 | 12,015 |
Loans and Leases Receivable, Net Amount | 10,030 | 10,427 |
Real Estate Construction [Member] | Purchased Credit Impaired Loans and Leases [Member] | Nonclassified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 3,623 | 4,399 |
Real Estate Construction [Member] | Purchased Credit Impaired Loans and Leases [Member] | Classified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 6,407 | 6,028 |
Commercial Portfolio Segment [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 5,225,694 | 1,242,750 |
Loans and Leases Receivable, Net Amount | ' | 1,244,785 |
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 29,824 | 3,021 |
Loans and Leases Receivable, Net Amount | 28,940 | 974 |
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | Nonclassified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 350 | 569 |
Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | Classified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 28,590 | 405 |
Consumer Portfolio Segment [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 63,276 | 55,070 |
Loans and Leases Receivable, Net Amount | ' | 54,885 |
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 408 | 424 |
Loans and Leases Receivable, Net Amount | 336 | 261 |
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | Nonclassified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | 0 | 0 |
Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans and Leases [Member] | Classified [Member] | ' | ' |
Financing Receivable Recorded Investment By Credit Risk [Line Items] | ' | ' |
Loans and Leases Receivable, Gross | $336 | $261 |
Recovered_Sheet1
Loans and Credit Quality (Details Textual) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Apr. 07, 2014 | Apr. 07, 2014 |
Commercial Real Estate Construction Financing Receivable [Member] | NonCovered [Member] | NonCovered [Member] | NonCovered [Member] | NonCovered [Member] | NonCovered [Member] | NonCovered [Member] | Nonperforming Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | Capitalsource, Inc. [Member] | Capitalsource, Inc. [Member] | |||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Construction Financing Receivable [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | NonCovered [Member] | Covered [Member] | ||||||||
Commercial Real Estate Construction Financing Receivable [Member] | Commercial Real Estate Construction Financing Receivable [Member] | ||||||||||||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Acquired Receivables, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,800,000,000 | $100,000,000 |
Business Combination, Acquired Receivables, Gross Contractual Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,400,000,000 | ' |
Loans and Leases Receivable, Gross | ' | 3,929,556,000 | 148,898,000 | 3,926,230,000 | 10,791,669,000 | 3,926,230,000 | 3,929,556,000 | 226,558,000 | 148,898,000 | 96,802,000 | 46,774,000 | 2,737,000 | 2,830,000 | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | ' | ' | ' | 1,100,000 | 200,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable Recorded Investment Thirty to Eighty Nine Days Past Due | 9,000,000 | 4,000,000 | ' | ' | 12,121,000 | ' | 23,897,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable Recorded Investment Nonaccrual Status Current | 66,000,000 | 37,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undiscounted Cash Flows Not Expected to be collected | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $839,800,000 | ' |
Foreclosed_Assets_Details
Foreclosed Assets (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Real Estate Owned Net | $44,318 | $51,837 |
Other Foreclosed Assets NonCovered | 9,503 | ' |
Other Foreclosed Assets Covered | ' | 4,054 |
Other Real Estate Owned Net Noncovered including Foreclosed Assets | 53,821 | 55,891 |
Other Real Estate Owned Net Covered Including Foreclosed Assets | ' | 55,891 |
Other Real Estate Owned Net Covered and Noncovered including Foreclosed Assets | 53,821 | 55,891 |
NonCovered [Member] | Commercial Real Estate [Member] | ' | ' |
Other Real Estate Owned Net | 10,770 | ' |
NonCovered [Member] | Construction and Land Development [Member] | ' | ' |
Other Real Estate Owned Net | 32,682 | ' |
NonCovered [Member] | Multi Family [Member] | ' | ' |
Other Real Estate Owned Net | 835 | ' |
NonCovered [Member] | Residential Mortgage [Member] | ' | ' |
Other Real Estate Owned Net | 31 | ' |
Covered [Member] | Commercial Real Estate [Member] | ' | ' |
Other Real Estate Owned Net | ' | 15,753 |
Covered [Member] | Construction and Land Development [Member] | ' | ' |
Other Real Estate Owned Net | ' | 35,063 |
Covered [Member] | Multi Family [Member] | ' | ' |
Other Real Estate Owned Net | ' | 835 |
Covered [Member] | Residential Mortgage [Member] | ' | ' |
Other Real Estate Owned Net | ' | $186 |
Foreclosed_Assets_Foreclosed_A
Foreclosed Assets Foreclosed Assets (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | NonCovered [Member] | NonCovered [Member] | ||
Capitalsource, Inc. [Member] | ||||
Business Acquisition [Line Items] | ' | ' | ' | ' |
Other Foreclosed Assets Acquired | ' | ' | ' | $6,382 |
SEC Schedule III, Real Estate, Acquisitions Through Foreclosures | ' | ' | 667 | ' |
Provision for Other Real Estate Owned and Foreclosed Assets | ' | ' | -368 | ' |
Other Real Estate Owned Net Covered Including Foreclosed Assets | ' | 55,891 | ' | ' |
Other Real Estate Owned Foreclosed Assets CORES | ' | ' | -8,751 | ' |
Other Real Estate Owned Net Covered and Noncovered including Foreclosed Assets | 53,821 | 55,891 | ' | ' |
Other Real Estate Owned Net Noncovered including Foreclosed Assets | $53,821 | $55,891 | ' | ' |
FDIC_Loss_Sharing_Asset_FDIC_L
FDIC Loss Sharing Asset FDIC Loss Sharing Asset (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
FDIC Loss Sharing Asset [Abstract] | ' | ' |
FDIC Indemnification Asset | $28,834 | $45,524 |
FDIC Indemnification Asset, Acquisitions | -4,153 | ' |
FDIC Indemnification Asset, Cash Payments Received | 2,645 | ' |
FDIC Indemnification Asset, Accretion of Discount | ($15,182) | ' |
FDIC_Loss_Sharing_Asset_FDIC_L1
FDIC Loss Sharing Asset FDIC Loss Sharing Asset (Details1) (USD $) | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | |
Schedule of FDIC Loss Sharing Asset [Line Items] | ' | ' | |
FDIC Indemnification Asset | $28,834 | $45,524 | |
FDIC Indemnification True Up | 6,826 | ' | |
NonSingle Family Covered Assets | 319,317 | [1] | ' |
Single Family Covered Assets | 115,098 | ' | |
Affinity Bank [Member] | ' | ' | |
Schedule of FDIC Loss Sharing Asset [Line Items] | ' | ' | |
FDIC Indemnification Asset | 2,315 | ' | |
NonSingle Family Covered Assets | 156,509 | [1] | ' |
Single Family Covered Assets | 12,701 | ' | |
Los Padres Bank [Member] | ' | ' | |
Schedule of FDIC Loss Sharing Asset [Line Items] | ' | ' | |
FDIC Indemnification Asset | 15,101 | ' | |
NonSingle Family Covered Assets | 111,413 | [1] | ' |
Single Family Covered Assets | 69,584 | ' | |
Western Commercial Bank [Member] | ' | ' | |
Schedule of FDIC Loss Sharing Asset [Line Items] | ' | ' | |
FDIC Indemnification Asset | 1,605 | ' | |
FDIC Indemnification True Up | 1,555 | ' | |
NonSingle Family Covered Assets | 14,068 | [1] | ' |
San Luis Trust Bank [Member] | ' | ' | |
Schedule of FDIC Loss Sharing Asset [Line Items] | ' | ' | |
FDIC Indemnification Asset | 9,813 | ' | |
FDIC Indemnification True Up | 5,271 | ' | |
NonSingle Family Covered Assets | 37,327 | [1] | ' |
Single Family Covered Assets | $32,813 | ' | |
[1] | (1)Excludes securities. |
FDIC_Loss_Sharing_Asset_FDIC_L2
FDIC Loss Sharing Asset FDIC Loss Textual (Details) | 6 Months Ended |
Jun. 30, 2014 | |
FDIC Loss Sharing Assets [Abstract] | ' |
FDIC Indemnification Percent | 80.00% |
Borrowings_Details
Borrowings (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt | $4,596,000 | $113,726,000 |
Notes Payable, Other Payables [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Non-Recourse Debt | 4,596,000 | 7,126,000 |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 0.00% | 0.00% |
Federal Home Loan Bank Advances [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 0.00% | 0.00% |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | 0 | ' |
Federal Home Loan Bank of San Francisco [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Line of Credit Facility, Amount Outstanding | $0 | $106,600,000 |
Borrowings_Borrowings_Details_
Borrowings Borrowings Details 1 (Details) (USD $) | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Subordinated Debt | $434,878 | $132,645 | ||
Subordinated Debt Trust V Due September 2033 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 10,310 | 10,310 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 3.33% | [1] | 3.34% | [2] |
Debt Instrument Date Issued | 15-Aug-03 | ' | ||
Debt Instrument, Maturity Date | 17-Sep-33 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 3.10 | ' | ||
Subordinated Debt Trust VI Due September 2033 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 10,310 | 10,310 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 3.28% | [1] | 3.29% | [2] |
Debt Instrument Date Issued | 3-Sep-03 | ' | ||
Debt Instrument, Maturity Date | 15-Sep-33 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 3.05 | ' | ||
Subordinated Debt Trust CII Due September 2033 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 5,155 | 5,155 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 3.18% | [1] | 3.19% | [2] |
Debt Instrument Date Issued | 17-Sep-03 | ' | ||
Debt Instrument, Maturity Date | 17-Sep-33 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 2.95 | ' | ||
Subordinated Debt Trust VII Due April 2034 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 61,856 | 61,856 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.98% | [1] | 2.99% | [2] |
Debt Instrument Date Issued | 5-Feb-04 | ' | ||
Debt Instrument, Maturity Date | 23-Apr-34 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 2.75 | ' | ||
Subordinated Debt Trust CIII Due September 2035 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 20,619 | 20,619 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 1.92% | [1] | 1.93% | [2] |
Debt Instrument Date Issued | 15-Aug-05 | ' | ||
Debt Instrument, Maturity Date | 15-Sep-35 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 1.69 | ' | ||
Subordinated Debt Trust FCCI Due March 2037 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 16,495 | 16,495 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 1.83% | [1] | 1.84% | [2] |
Debt Instrument Date Issued | 25-Jan-07 | ' | ||
Debt Instrument, Maturity Date | 15-Mar-37 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 1.60 | ' | ||
Subordinated Debt Trust FCBI Due December 2035 [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 10,310 | 10,310 | ||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 1.78% | [1] | 1.79% | [2] |
Debt Instrument Date Issued | 30-Sep-05 | ' | ||
Debt Instrument, Maturity Date | 15-Dec-35 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3B month LIBORB +B 1.55 | ' | ||
Trust Preferred Securities Two Thousand Five Series One [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 82,475 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 21-Jan-05 | ' | ||
Debt Instrument, Maturity Date | 15-Dec-35 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Trust Preferred Securities Two Thousand Five Series Two [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 128,866 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 14-Dec-05 | ' | ||
Debt Instrument, Maturity Date | 30-Jan-36 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Two Thousand Six One Term Debt Securitization [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 51,545 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 22-Feb-06 | ' | ||
Debt Instrument, Maturity Date | 30-Apr-36 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Two Thousand Six Two Term Debt Securitization [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 51,550 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 27-Sep-06 | ' | ||
Debt Instrument, Maturity Date | 30-Oct-36 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Trust Preferred Securities Two Thousand Six Series Three [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 35,286 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 1.36% | [1],[3] | ' | |
Debt Instrument Date Issued | 29-Sep-06 | ' | ||
Debt Instrument, Maturity Date | 30-Oct-36 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month EURIBOR + 2.05 | ' | ||
Trust Preferred Securities Two Thousand Six Series Four [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 16,470 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 5-Dec-06 | ' | ||
Debt Instrument, Maturity Date | 30-Jan-37 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Trust Preferred Securities Two Thousand Six Series Five [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 6,650 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 19-Dec-06 | ' | ||
Debt Instrument, Maturity Date | 30-Jan-37 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Two Thousand Seven One Term Debt Securitization [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Long-term Debt, Gross | 39,177 | [3] | ' | |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 2.18% | [1],[3] | ' | |
Debt Instrument Date Issued | 13-Jun-07 | ' | ||
Debt Instrument, Maturity Date | 30-Jul-37 | ' | ||
Debt Instrument, Basis Spread on Variable Rate | '3 month LIBOR + 1.95 | ' | ||
Subordinated Debt [Member] | ' | ' | ||
Subordinated Borrowing [Line Items] | ' | ' | ||
Debt Instrument, Unamortized Discount | -112,196 | [4] | -2,410 | |
Subordinated Debt | 434,878 | 132,645 | ||
Long-term Debt, Gross | $547,074 | $135,055 | ||
[1] | (1)As of July 31, 2014. | |||
[2] | (2)As of January 28, 2014. | |||
[3] | (3)Acquired in the CapitalSource Inc. merger. | |||
[4] | (4)Amount represents the fair value adjustment on trusts acquired in the CapitalSource Inc. and FCAL acquisitions. |
Borrowings_Details_Textual
Borrowings (Details Textual) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 |
Notes Payable, Other Payables [Member] | Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank of San Francisco [Member] | Federal Home Loan Bank of San Francisco [Member] | Federal Home Loan Bank of San Francisco [Member] | Unsecured Debt [Member] | Unused lines of Credit [Member] | Unused lines of Credit [Member] | Certificate of Deposit Account Registry Service Program [Member] | Certificate of Deposit Account Registry Service Program [Member] | |||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instruments Weighted Average Remaining Maturity Period | ' | ' | '2.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | $2,400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Borrowing Capacity, Description | ' | ' | ' | ' | 530,000,000 | ' | ' | 80,000,000 | ' | ' | ' | ' |
Loans Pledged as Collateral | ' | ' | ' | ' | 662,500,000 | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | 0 | 106,600,000 | 0 | ' | 0 | 0 | ' | ' |
Interest-bearing Domestic Deposit, Brokered | $88,000,000 | $49,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | $48,000,000 | $49,400,000 |
Commitments_and_Contingencies_1
Commitments and Contingencies Details (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Commitments and Contingencies [Abstract] | ' | ' |
Loans and Leases Receivable Commitments | $1,813,963 | $1,001,740 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 86,055 | 39,200 |
Loans and Leases Receivable, Commitments to Purchase or Sell | 5,679 | 8,475 |
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $1,905,697 | $1,049,415 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details Textual) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Private Equity Funds [Member] | ||
Long-term Purchase Commitment [Line Items] | ' | ' | ' |
Purchase Commitment, Remaining Minimum Amount Committed | ' | ' | $2.80 |
Number of funds | ' | ' | 13 |
Commitment To Contribute Capital | $15 | $11 | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details 1) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities | $1,552,115 | $1,494,745 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available-for-sale Securities | 516 | 507 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale Securities | 1,515,077 | 1,456,334 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available-for-sale Securities | 36,522 | 37,904 |
Government agency and government-sponsored enterprise pass through securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 584,757 | ' |
Government agency and government-sponsored enterprise pass through securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Government agency and government-sponsored enterprise pass through securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 584,757 | ' |
Government agency and government-sponsored enterprise pass through securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Government agency and government-sponsored enterprise pass through securities | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 287,604 | ' |
Government agency and government-sponsored enterprise pass through securities | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Government agency and government-sponsored enterprise pass through securities | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 287,604 | ' |
Government agency and government-sponsored enterprise pass through securities | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Covered private label collateralized mortgage obligation [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 36,522 | ' |
Covered private label collateralized mortgage obligation [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Covered private label collateralized mortgage obligation [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Covered private label collateralized mortgage obligation [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 36,522 | ' |
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 14,288 | ' |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 14,288 | ' |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available-for-sale Securities | ' | 436,658 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 456,566 | ' |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 456,566 | ' |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Corporate Debt Securities [Member] | ' | ' |
Available-for-sale Securities | ' | 82,707 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 109,391 | ' |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 109,391 | ' |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Available-for-sale Securities | ' | 9,872 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 36,665 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 36,665 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 0 | ' |
Other securities [Member] | ' | ' |
Available-for-sale Securities | ' | 27,543 |
Other securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 26,322 | ' |
Other securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 516 | ' |
Other securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | 25,806 | ' |
Other securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Available-for-sale Securities | $0 | ' |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value Measurements (Details 2) (Fair Value, Inputs, Level 3 [Member], Collateralized Mortgage Obligations [Member], Fair Value, Measurements, Recurring [Member]) | 6 Months Ended |
Jun. 30, 2014 | |
Minimum [Member] | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' |
Fair Value Inputs, Prepayment Rate | 0.00% |
Fair Value Inputs, Probability of Default | 0.00% |
Fair Value Inputs, Loss Severity | 0.00% |
Fair Value Inputs, Discount Rate | 0.00% |
Maximum [Member] | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' |
Fair Value Inputs, Prepayment Rate | 0.00% |
Fair Value Inputs, Probability of Default | 0.00% |
Fair Value Inputs, Loss Severity | 0.00% |
Fair Value Inputs, Discount Rate | 0.00% |
Weighted Average [Member] | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' |
Fair Value Inputs, Prepayment Rate | 0.00% |
Fair Value Inputs, Probability of Default | 0.00% |
Fair Value Inputs, Loss Severity | 0.00% |
Fair Value Inputs, Discount Rate | 0.00% |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements Fair Value Measurements (Details 3) (Fair Value, Measurements, Recurring [Member], Fair Value, Inputs, Level 3 [Member], Collateralized Loan Obligations [Member], USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Loan Obligations [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings | $561 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) | 207 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | -2,150 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $36,522 | $37,904 |
Fair_Value_Measurements_Fair_V2
Fair Value Measurements Fair Value Measurements (Details 4) (Fair Value, Measurements, Nonrecurring [Member], USD $) | 3 Months Ended | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $37,102 | $37,102 |
Total Net Gain (Loss) from Nonrecurring Assets | -8,153 | -9,579 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 5,867 | 5,867 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 31,235 | 31,235 |
Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 29,043 | 29,043 |
Total Net Gain (Loss) from Nonrecurring Assets | -7,671 | -9,051 |
Non Purchased Credit Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 |
Non Purchased Credit Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 5,398 | 5,398 |
Non Purchased Credit Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 23,645 | 23,645 |
Other real estate and foreclosed assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 8,059 | 8,059 |
Total Net Gain (Loss) from Nonrecurring Assets | -482 | -528 |
Other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 |
Other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 469 | 469 |
Other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $7,590 | $7,590 |
Fair_Value_Measurements_Fair_V3
Fair Value Measurements Fair Value Measurements (Details 5) (Fair Value, Measurements, Nonrecurring [Member], USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 |
Discounted Cash Flow [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Impaired loans, fair value | 22,205 |
Third party appraisals [Domain] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Impaired loans, fair value | 1,440 |
Third party appraisals [Domain] | Covered other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Other real estate owned and foreclosed assets, fair value | 7,590 |
Minimum [Member] | Impaired Loans [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.00% |
Minimum [Member] | Covered other real estate and foreclosed assets [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount rate including 8% for selling costs | 8.00% |
Minimum [Member] | SBA loan servicing asset [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.00% |
Fair Value Inputs, Prepayment Rate | 0.00% |
Maximum [Member] | Impaired Loans [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.00% |
Maximum [Member] | Covered other real estate and foreclosed assets [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount rate including 8% for selling costs | 8.00% |
Maximum [Member] | SBA loan servicing asset [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.00% |
Fair Value Inputs, Prepayment Rate | 0.00% |
Weighted Average [Member] | Impaired Loans [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.00% |
Weighted Average [Member] | Covered other real estate and foreclosed assets [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount rate including 8% for selling costs | 8.00% |
Weighted Average [Member] | SBA loan servicing asset [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.00% |
Fair Value Inputs, Prepayment Rate | 0.00% |
Fair_Value_Measurements_Fair_V4
Fair Value Measurements Fair Value Measurements (Details 6) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | $243,583 | $96,424 |
Interest-bearing deposits in other banks | 119,782 | 50,998 |
Available-for-sale Securities | 1,552,115 | 1,494,745 |
Federal Home Loan Bank Stock | 49,983 | 27,939 |
Fair Value Measurement [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 243,583 | 96,424 |
Interest-bearing deposits in other banks | 119,782 | 50,998 |
Available-for-sale Securities | 1,552,115 | 1,494,745 |
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure | 49,983 | 27,939 |
Loans and Leases Receivable, Net Amount | 11,232,882 | 4,231,078 |
Servicing Asset at Fair Value, Amount | ' | 807 |
Deposits, Savings Deposits | 5,738,178 | 4,616,616 |
Time Deposits | 5,919,083 | 665,148 |
Borrowed Funds | 4,606 | 113,726 |
Subordinated Debt Obligations, Fair Value Disclosure | 418,345 | 132,498 |
Reported Value Measurement [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | ' | 96,424 |
Interest-bearing deposits in other banks | ' | 50,998 |
Available-for-sale Securities | 1,552,115 | 1,494,745 |
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure | ' | 27,939 |
Loans and Leases Receivable, Net Amount | 11,107,956 | 4,230,318 |
Servicing Asset at Fair Value, Amount | ' | 807 |
Deposits, Savings Deposits | 5,738,178 | 4,616,616 |
Time Deposits | 5,929,619 | 664,371 |
Borrowed Funds | 4,596 | 113,726 |
Subordinated Debt Obligations, Fair Value Disclosure | 434,878 | 132,645 |
Fair Value, Inputs, Level 1 [Member] | Fair Value Measurement [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 243,583 | 96,424 |
Interest-bearing deposits in other banks | 119,782 | 50,998 |
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure | 0 | 0 |
Loans and Leases Receivable, Net Amount | 0 | 0 |
Servicing Asset at Fair Value, Amount | ' | 0 |
Deposits, Savings Deposits | 0 | 0 |
Time Deposits | 0 | 0 |
Borrowed Funds | 0 | 106,600 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale Securities | 516 | 507 |
Fair Value, Inputs, Level 2 [Member] | Fair Value Measurement [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 0 | 0 |
Interest-bearing deposits in other banks | 0 | 0 |
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure | 49,983 | 27,939 |
Loans and Leases Receivable, Net Amount | ' | 2,051 |
Servicing Asset at Fair Value, Amount | ' | 0 |
Deposits, Savings Deposits | 5,738,178 | 4,616,616 |
Time Deposits | 5,919,083 | 665,148 |
Borrowed Funds | 4,606 | 7,126 |
Subordinated Debt Obligations, Fair Value Disclosure | 418,345 | 132,498 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale Securities | 1,515,077 | 1,456,334 |
Fair Value, Inputs, Level 3 [Member] | Fair Value Measurement [Domain] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 0 | 0 |
Interest-bearing deposits in other banks | 0 | 0 |
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure | 0 | 0 |
Loans and Leases Receivable, Net Amount | 11,227,484 | 4,229,027 |
Servicing Asset at Fair Value, Amount | ' | 807 |
Deposits, Savings Deposits | 0 | 0 |
Time Deposits | 0 | 0 |
Borrowed Funds | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale Securities | 36,522 | 37,904 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 37,102 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 0 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 5,867 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 31,235 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 29,043 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 0 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 5,398 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Non Purchased Credit Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 23,645 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Other real estate and foreclosed assets [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 8,059 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 0 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | 469 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Other real estate and foreclosed assets [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $7,590 | ' |
Fair_Value_Measurements_Fair_V5
Fair Value Measurements Fair Value Measurements (Textuals) (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $0 |
Threshold for loans that are considered individually significant for allowance analysis purposes | 250,000 |
Non-PCI nonaccrual loans | 96,800,000 |
Non-PCI nonaccrual loans write downs based on collateral values | $1,700,000 |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |||||
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | |||||
Income (Loss) from Continuing Operations Attributable to Parent | ' | $25,905 | $11,230 | $4,396 | $37,135 | $17,890 | |||||
Participating Securities, Distributed and Undistributed Earnings | -290 | [1] | -500 | [1] | ' | -212 | [1] | -424 | [1] | -351 | [1] |
Net Income Loss From Continuing Operation Available To Common Stockholders Basic | 10,940 | 25,405 | ' | 4,184 | 36,711 | 17,539 | |||||
Income Loss From Discontinued Operations Net Of Tax Attributable To Common Shares | -675 | -804 | ' | -47 | -1,500 | -47 | |||||
Net Income (Loss) Available to Common Stockholders, Basic | $10,265 | $24,601 | ' | $4,137 | $35,211 | $17,492 | |||||
Weighted Average Number of Shares Issued, Basic | 98,817 | 45,799 | ' | 40,338 | 72,454 | 38,873 | |||||
Weighted Average Number of Shares, Restricted Stock | -678 | -1,148 | ' | -1,597 | -911 | -1,595 | |||||
Average shares - basic | 98,139 | 44,651 | ' | 38,741 | 71,543 | 37,278 | |||||
Income (Loss) from Continuing Operations, Per Basic Share | $0.11 | $0.57 | ' | $0.11 | $0.51 | $0.47 | |||||
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | ($0.01) | ($0.02) | ' | $0 | ($0.02) | $0 | |||||
Basic net income per share | $0.10 | $0.55 | ' | $0.11 | $0.49 | $0.47 | |||||
Average shares - diluted | 10,265 | 24,601 | ' | 4,137 | 35,211 | 17,492 | |||||
Income (Loss) from Continuing Operations, Per Diluted Share | $0.11 | $0.57 | ' | $0.11 | $0.51 | $0.47 | |||||
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share | ($0.01) | ($0.02) | ' | $0 | ($0.02) | $0 | |||||
Diluted net income per share | $0.10 | $0.55 | ' | $0.11 | $0.49 | $0.47 | |||||
[1] | (1)Represents cash dividends paid to holders of unvested restricted stock, net of estimated forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any. |
Stock_Based_Compensation_Plans1
Stock Based Compensation Plans (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | |||
In Millions, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Apr. 07, 2014 |
Vesting Based On Service [Member] | Vesting Based On Service [Member] | Vesting Based On Service [Member] | Vesting Based On Service [Member] | Vesting Based On Service [Member] | Capitalsource, Inc. [Member] | |||
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Number of common shares authorized under the 2003 Plan | 19,686,565 | 19,686,565 | ' | ' | ' | ' | ' | ' |
Additional number of common shares authorized under the 2003 Plan | ' | 10,686,565 | ' | ' | ' | ' | ' | ' |
Number of shares available for grant under the 2003 Plan | 13,518,374 | 13,518,374 | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | ' | ' | 1,121,850 | ' | ' | 1,121,850 | ' | ' |
Vesting period of time-based restricted stock, lower limit | 300.00% | ' | ' | ' | ' | ' | ' | ' |
Vesting period of time-based restricted stock, higher limit | 4 | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Effective Date of Acquisition | ' | ' | ' | ' | ' | ' | ' | 7-Apr-14 |
Awarded shares of restricted common stock vested due to the triggering of the change of control provision contained within the 2003 Plan | 1,013,377 | 1,013,377 | ' | ' | ' | ' | ' | ' |
Expense incurred due to awarded shares of restricted common stock vested due to the triggering of the change of control provision contained within the 2003 Plan | $26.10 | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | 2.4 | 1.6 | 2 | 4 | 3.8 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | ' | ' | $43 | ' | ' | $43 | ' | ' |
Accumulated_Other_Compensation2
Accumulated Other Compensation Income (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |||||
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | |||||
Net income | $10,555 | $25,080 | $4,349 | $35,635 | $17,843 | |||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | 23,011 | 22,291 | -48,189 | 45,302 | -54,599 | |||||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | 9,663 | 9,363 | -20,240 | 19,026 | -22,932 | |||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 89 | [1] | ' | ' | ' | ' | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | ' | 4,752 | [1] | 0 | [1] | 4,841 | [1] | 409 | [1] | |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 37 | 1,996 | 0 | 2,033 | 172 | |||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 13,296 | 10,172 | -27,949 | 23,468 | -31,904 | |||||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $23,851 | $35,252 | ($23,600) | $59,103 | ($14,061) | |||||
[1] | (1)B Recognized in "Gain on securities" on the Condensed Consolidated Statements of Earnings. |
Business_Segment_Segment_Repor
Business Segment Segment Reporting (Details 1) (USD $) | Jun. 30, 2014 | Apr. 07, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | 31-May-13 |
In Thousands, unless otherwise specified | |||||
Loans and Leases Receivable, Net of Deferred Income | $11,190,105 | ' | ' | $4,419,686 | ' |
Loans and Leases Receivable, Allowance | -82,149 | ' | ' | -90,643 | ' |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 11,107,956 | ' | 4,230,318 | 4,329,043 | ' |
Goodwill | 1,725,153 | 1,523,055 | 208,743 | 209,190 | 129,070 |
Finite Lived Core Deposits Customer Relations Net | 20,431 | ' | 17,248 | 20,190 | ' |
Assets | 15,684,866 | ' | 6,533,363 | 6,709,102 | ' |
Deposits | 11,667,797 | ' | 5,280,987 | 5,523,000 | ' |
National Lending Segment [Member] | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 7,599,030 | ' | ' | 472,364 | ' |
Loans and Leases Receivable, Allowance | -16,110 | ' | ' | -5,726 | ' |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 7,582,920 | ' | ' | 466,638 | ' |
Goodwill | 1,445,857 | ' | ' | 25,678 | ' |
Finite Lived Core Deposits Customer Relations Net | 1,101 | ' | ' | 2,232 | ' |
Assets | 9,275,500 | ' | ' | 510,630 | ' |
Deposits | 28,302 | ' | ' | 0 | ' |
Other Segments [Member] | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 53,081 | ' | ' | 0 | ' |
Loans and Leases Receivable, Allowance | 0 | ' | ' | 0 | ' |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 53,081 | ' | ' | 0 | ' |
Goodwill | 0 | ' | ' | 0 | ' |
Finite Lived Core Deposits Customer Relations Net | 0 | ' | ' | 0 | ' |
Assets | 308,427 | ' | ' | 9,270 | ' |
Deposits | -270,358 | ' | ' | -34,871 | ' |
Pacific Western Bank [Member] | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 3,537,994 | ' | ' | 3,947,322 | ' |
Loans and Leases Receivable, Allowance | -66,039 | ' | ' | -84,917 | ' |
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered | 3,471,955 | ' | ' | 3,862,405 | ' |
Goodwill | 279,296 | ' | ' | 183,512 | ' |
Finite Lived Core Deposits Customer Relations Net | 19,330 | ' | ' | 17,958 | ' |
Assets | 6,100,939 | ' | ' | 6,189,202 | ' |
Deposits | $11,909,853 | ' | ' | $5,557,871 | ' |
Business_Segment_Details_2
Business Segment (Details 2) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total interest income | $204,363 | $88,360 | $71,631 | $292,723 | $140,900 |
Interest expense | -11,830 | -2,345 | -3,158 | -14,175 | -6,734 |
Intersegment interest income, net | 0 | 0 | 0 | 0 | 0 |
Interest Income (Expense), Net | 192,533 | 86,015 | 68,473 | 278,548 | 134,166 |
Provision for Loan, Lease, and Other Losses | -5,030 | 644 | 1,842 | -4,386 | -1,295 |
Gain (Loss) on Investments | 89 | 4,752 | 0 | 4,841 | 409 |
Federal Deposit Insurance Corporation Loss Sharing | -8,525 | -11,430 | -5,410 | -19,955 | -8,547 |
Noninterest Income, Other | 16,915 | 11,369 | 5,613 | 28,284 | 11,181 |
Noninterest Income | 8,479 | 4,691 | 203 | 13,170 | 3,043 |
Foreclosed Real Estate Expense | -497 | 1,861 | 14 | 1,364 | 514 |
Amortization of Intangible Assets | -1,677 | -1,364 | -1,284 | -3,041 | -2,460 |
Business Combination, Acquisition Related Costs | -86,242 | -2,200 | -17,997 | -88,442 | -18,689 |
Other Expenses | 81,490 | 49,166 | 44,949 | 130,656 | 87,764 |
Noninterest Expense | -169,906 | -50,869 | -64,216 | -220,775 | -108,399 |
Intersegment noninterest income, net | 0 | ' | ' | 0 | ' |
Total noninterest expense, adjusted for intersegment noninterest net income | -169,906 | ' | ' | -220,775 | ' |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 26,076 | 40,481 | 6,302 | 66,557 | 27,515 |
Income Tax Expense (Benefit) | -14,846 | -14,576 | -1,906 | -29,422 | -9,625 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | 11,230 | 25,905 | 4,396 | 37,135 | 17,890 |
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | -1,151 | -1,413 | -81 | -2,564 | -81 |
Discontinued Operation, Tax Effect of Discontinued Operation | 476 | 588 | 34 | 1,064 | 34 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | -675 | -825 | -47 | -1,500 | -47 |
Net Income (Loss) Attributable to Parent | 10,555 | 25,080 | 4,349 | 35,635 | 17,843 |
Pacific Western Bank [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total interest income | 69,977 | 77,595 | 59,321 | 147,572 | 116,228 |
Interest expense | -7,450 | -1,227 | -2,080 | -8,677 | -4,730 |
Intersegment interest income, net | 4,071 | 222 | 460 | 4,293 | 931 |
Interest Income (Expense), Net | 66,598 | 76,590 | 57,701 | 143,188 | 112,429 |
Provision for Loan, Lease, and Other Losses | 4,418 | 826 | 2,607 | 5,244 | 271 |
Gain (Loss) on Investments | 89 | 4,752 | ' | 4,841 | 409 |
Federal Deposit Insurance Corporation Loss Sharing | -8,525 | -11,430 | -5,410 | -19,955 | -8,547 |
Noninterest Income, Other | 3,681 | 6,897 | 4,995 | 10,578 | 9,996 |
Noninterest Income | -4,755 | 219 | -415 | -4,536 | 1,858 |
Foreclosed Real Estate Expense | -633 | 1,861 | 14 | 1,228 | 514 |
Amortization of Intangible Assets | -1,530 | -1,191 | -1,127 | -2,721 | -2,120 |
Business Combination, Acquisition Related Costs | -77,713 | -2,200 | -17,997 | -79,913 | -18,689 |
Other Expenses | 51,507 | 40,990 | 37,571 | 92,497 | 72,917 |
Noninterest Expense | -131,383 | -42,520 | -56,681 | -173,903 | -93,212 |
Intersegment noninterest income, net | 23,533 | ' | ' | 23,533 | ' |
Total noninterest expense, adjusted for intersegment noninterest net income | -107,850 | ' | ' | -150,370 | ' |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | -41,589 | 35,115 | 3,212 | -6,474 | 21,346 |
Income Tax Expense (Benefit) | 12,081 | -12,334 | -612 | -253 | -7,042 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -29,508 | 22,781 | 2,600 | -6,727 | 14,304 |
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | -1,151 | -1,413 | -81 | -2,564 | -81 |
Discontinued Operation, Tax Effect of Discontinued Operation | 476 | 588 | 34 | 1,064 | 34 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | -675 | -825 | -47 | -1,500 | -47 |
Net Income (Loss) Attributable to Parent | -30,183 | 21,956 | 2,553 | -8,227 | 14,257 |
National Lending Segment [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total interest income | 132,742 | 10,765 | 12,310 | 143,507 | 24,672 |
Interest expense | -62 | -77 | -196 | -139 | -339 |
Intersegment interest income, net | -4,071 | -222 | -460 | -4,293 | -931 |
Interest Income (Expense), Net | 128,609 | 10,466 | 11,654 | 139,075 | 23,402 |
Provision for Loan, Lease, and Other Losses | -9,448 | -182 | -765 | -9,630 | -1,566 |
Gain (Loss) on Investments | 0 | 0 | ' | 0 | 0 |
Federal Deposit Insurance Corporation Loss Sharing | 0 | 0 | 0 | 0 | 0 |
Noninterest Income, Other | 12,487 | 4,445 | 592 | 16,932 | 1,136 |
Noninterest Income | 12,487 | 4,445 | 592 | 16,932 | 1,136 |
Foreclosed Real Estate Expense | 38 | 0 | 0 | 38 | 0 |
Amortization of Intangible Assets | -147 | -173 | -157 | -320 | -340 |
Business Combination, Acquisition Related Costs | -7,474 | 0 | 0 | -7,474 | 0 |
Other Expenses | 24,484 | 6,573 | 5,980 | 31,057 | 12,033 |
Noninterest Expense | -32,067 | -6,746 | -6,137 | -38,813 | -12,373 |
Intersegment noninterest income, net | -23,533 | ' | ' | -23,533 | ' |
Total noninterest expense, adjusted for intersegment noninterest net income | -55,600 | ' | ' | -62,346 | ' |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | 76,048 | 7,983 | 5,344 | 84,031 | 10,599 |
Income Tax Expense (Benefit) | -30,259 | -3,331 | -2,237 | -33,590 | -4,436 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | 45,789 | 4,652 | 3,107 | 50,441 | 6,163 |
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | 0 | 0 | 0 | 0 | 0 |
Discontinued Operation, Tax Effect of Discontinued Operation | 0 | 0 | 0 | 0 | 0 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | 0 | 0 | 0 | 0 | 0 |
Net Income (Loss) Attributable to Parent | 45,789 | 4,652 | 3,107 | 50,441 | 6,163 |
Other Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total interest income | 1,644 | 0 | 0 | 1,644 | 0 |
Interest expense | -4,318 | -1,041 | -882 | -5,359 | -1,665 |
Intersegment interest income, net | 0 | 0 | 0 | 0 | 0 |
Interest Income (Expense), Net | -2,674 | -1,041 | -882 | -3,715 | -1,665 |
Provision for Loan, Lease, and Other Losses | 0 | 0 | 0 | 0 | 0 |
Gain (Loss) on Investments | 0 | 0 | ' | 0 | 0 |
Federal Deposit Insurance Corporation Loss Sharing | 0 | 0 | 0 | 0 | 0 |
Noninterest Income, Other | 747 | 27 | 26 | 774 | 49 |
Noninterest Income | 747 | 27 | 26 | 774 | 49 |
Foreclosed Real Estate Expense | 98 | 0 | 0 | 98 | 0 |
Amortization of Intangible Assets | 0 | 0 | 0 | 0 | 0 |
Business Combination, Acquisition Related Costs | -1,055 | 0 | 0 | -1,055 | 0 |
Other Expenses | 5,499 | 1,603 | 1,398 | 7,102 | 2,814 |
Noninterest Expense | -6,456 | -1,603 | -1,398 | -8,059 | -2,814 |
Intersegment noninterest income, net | 0 | ' | ' | 0 | ' |
Total noninterest expense, adjusted for intersegment noninterest net income | -6,456 | ' | ' | -8,059 | ' |
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest | -8,383 | -2,617 | -2,254 | -11,000 | -4,430 |
Income Tax Expense (Benefit) | 3,332 | 1,089 | 943 | 4,421 | 1,853 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest | -5,051 | -1,528 | -1,311 | -6,579 | -2,577 |
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | 0 | 0 | 0 | 0 | 0 |
Discontinued Operation, Tax Effect of Discontinued Operation | 0 | 0 | 0 | 0 | 0 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | 0 | 0 | 0 | 0 | 0 |
Net Income (Loss) Attributable to Parent | ($5,051) | ($1,528) | ($1,311) | ($6,579) | ($2,577) |
Related_Party_Transaction_Deta
Related Party Transaction (Details) (USD $) | 0 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended |
In Millions, unless otherwise specified | Apr. 07, 2014 | Jun. 30, 2014 | 31-May-13 | Jun. 30, 2013 |
Capitalsource, Inc. [Member] | Capitalsource, Inc. [Member] | First California Financial Group, Inc. [Domain] | First California Financial Group, Inc. [Domain] | |
Castle Creek Finance LLC [Member] | Castle Creek Finance LLC [Member] | Castle Creek Finance LLC [Member] | ||
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | ' | $9 | ' | $1 |
Business Acquisition, Effective Date of Acquisition | 7-Apr-14 | ' | 31-May-13 | ' |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Subsequent Event [Line Items] | ' | ' | ' | ' | ' |
Dividends Payable, Date Declared | 6-Aug-14 | ' | ' | ' | ' |
Dividends declared per share | $0.25 | $0.25 | $0.25 | $0.50 | $0.50 |
Dividends Payable, Date to be Paid | 26-Aug-14 | ' | ' | ' | ' |
Dividends Payable, Date of Record | 18-Aug-14 | ' | ' | ' | ' |
Castle Creek Finance LLC [Member] | ' | ' | ' | ' | ' |
Subsequent Event [Line Items] | ' | ' | ' | ' | ' |
Term date of related party service agreement | 6-Aug-14 | ' | ' | ' | ' |
Related party service agreement date | 8-May-11 | ' | ' | ' | ' |