HomeStreet (HMST) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2019	Aug. 05, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-35424
Entity Registrant Name	HOMESTREET, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-0186600
Entity Address, Address Line One	601 Union Street
Entity Address, Address Line Two	Suite 2000
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98101
City Area Code	206
Local Phone Number	623-3050
Title of 12(b) Security	Common Stock
Trading Symbol	HMST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		24,397,317.6
Entity Central Index Key	0001518715
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents (includes interest-earning instruments of $75,416 and $28,534)	$ 99,602	$ 57,982
Investment securities (includes $799,397 and $851,968 carried at fair value)	803,819	923,253
Loans held for sale (includes $81,566 and $52,186 carried at fair value)	145,252	77,324
Loans held for investment (net of allowance for loan losses of $43,254 and $41,470; includes $4,475 and $4,057 carried at fair value)	5,287,859	5,075,371
Mortgage servicing rights (includes $67,723 and $75,047 carried at fair value)	94,950	103,374
Other real estate owned	1,753	455
Federal Home Loan Bank stock, at cost	24,048	45,497
Premises and equipment, net	81,167	88,112
Lease right-of-use assets	102,353
Goodwill	30,170	22,564
Other assets	176,888	171,255
Assets of discontinued operations	352,929	477,034
Total assets	7,200,790	7,042,221
Liabilities:
Deposits	5,590,893	4,888,558
Federal Home Loan Bank advances	387,590	932,590
Accounts payable and other liabilities	102,943	169,970
Federal funds purchased and securities sold under agreements to repurchase	0	19,000
Long-term debt	125,556	125,462
Lease liabilities	121,677
Liabilities of discontinued operations	148,221	167,121
Total liabilities	6,476,880	6,302,701
Commitments and contingencies (Note 8)
Temporary shareholders' equity
Shares subject to repurchase	52,735	0
Permanent shareholders' equity
Preferred stock, no par value, authorized 10,000 shares, issued and outstanding, 0 shares and 0 shares	0	0
Common stock, no par value, authorized 160,000,000 shares, issued and outstanding, 26,085,164 shares and 26,995,348 shares	511	511
Additional paid-in capital	308,705	342,439
Retained earnings	359,252	412,009
Accumulated other comprehensive income (loss)	2,707	(15,439)
Total permanent shareholders' equity	671,175	739,520
Total liabilities, temporary shareholders' equity and permanent shareholders' equity	$ 7,200,790	$ 7,042,221

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Interest-bearing instruments	$ 75,416	$ 28,534
Investment securities held at fair value (AFS)	799,397	851,968
Fair value of loans held for sale	81,566	52,186
Allowance for losses on loans held for investment	43,254	41,470
Fair value of loans held for investment	4,475	4,057
Fair value of mortgage servicing rights	$ 67,723	$ 75,047
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	160,000,000	160,000,000
Common stock, shares issued (in shares)	26,085,164	26,995,348
Common stock, shares outstanding (in shares)	26,085,164	26,995,348

Interim Consolidated Statements

Interim Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Loans	$ 67,015	$ 56,168	$ 129,946	$ 107,656
Investment securities	4,884	5,527	10,448	11,086
Other	180	123	368	187
Total interest income	72,079	61,818	140,762	118,929
Interest expense:
Deposits	16,940	9,562	31,252	17,350
Federal Home Loan Bank advances	3,635	2,780	8,277	5,009
Federal funds purchased and securities sold under agreements to repurchase	463	24	767	56
Long-term debt	1,725	1,662	3,469	3,246
Other	129	45	253	75
Total interest expense	22,892	14,073	44,018	25,736
Net interest income	49,187	47,745	96,744	93,193
Provision for credit losses	0	1,000	1,500	1,750
Net interest income after provision for credit losses	49,187	46,745	95,244	91,443
Noninterest income:
Net gain on loan origination and sale activities	12,178	2,710	14,785	4,157
Loan servicing income	2,176	937	3,219	1,845
Depositor and other retail banking fees	2,024	1,947	3,769	3,884
Insurance agency commissions	573	527	1,198	1,070
Gain (loss) on sale of investment securities available for sale, net	137	16	(110)	238
Other	2,741	2,268	5,060	4,307
Total noninterest income	19,829	8,405	27,921	15,501
Noninterest expense:
Salaries and related costs	34,239	27,005	59,518	54,210
General and administrative	7,844	8,701	16,026	17,067
Amortization of core deposit intangibles	461	407	794	813
Legal	1,824	816	1,620	1,520
Consulting	887	615	2,295	1,297
Federal Deposit Insurance Corporation assessments	833	998	1,654	1,859
Occupancy	5,826	4,453	10,794	8,983
Information services	6,948	6,967	14,036	13,777
Net (cost) benefit from operation and sale of other real estate owned	(30)	2	(59)	(91)
Total noninterest expense	58,832	49,964	106,678	99,435
Income from continuing operations before income taxes	10,184	5,186	16,487	7,509
Income tax expense from continuing operations	1,292	1,015	2,537	1,584
Income from continuing operations	8,892	4,171	13,950	5,925
(Loss) income from discontinued operations before income taxes (includes net loss on disposal of $10,796 and $23,020 for the three and six months ended June 30, 2019)	(16,678)	3,641	(25,118)	9,090
Income tax (benefit) expense from discontinued operations	(2,198)	713	(3,865)	2,050
(Loss) income from discontinued operations	(14,480)	2,928	(21,253)	7,040
NET (LOSS) INCOME	$ (5,588)	$ 7,099	$ (7,303)	$ 12,965
Basic earnings per common share:
Basic income from continuing operations per share (in dollars per share)	$ 0.32	$ 0.15	$ 0.51	$ 0.22
Basic (loss) income from discontinued operations per share (in dollars per share)	(0.54)	0.11	(0.79)	0.26
Basic income per share (in dollars per share)	(0.22)	0.26	(0.28)	0.48
Diluted earnings per common share
Diluted income from continuing operations per share (in dollars per share)	0.32	0.15	0.51	0.22
Diluted (loss) income from discontinued operations per share (in dollars per share)	(0.54)	0.11	(0.79)	0.26
Diluted income per share (in dollars per share)	$ (0.22)	$ 0.26	$ (0.28)	$ 0.48
Basic weighted average number of shares outstanding (in shares)	26,619,216	26,976,892	26,820,361	26,952,178
Diluted weighted average number of shares outstanding (in shares)	26,802,130	27,156,329	26,993,653	27,157,664

Interim Consolidated Statemen_2

Interim Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Income Statement [Abstract]
Net loss on disposal	$ 10,796	$ 23,020

Interim Consolidated Statemen_3

Interim Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,588)	$ 7,099	$ (7,303)	$ 12,965
Unrealized gain (loss) on investment securities available for sale:
Unrealized holding gain (loss) arising during the period, net of tax expense (benefit) of $2,703 and $(642) for the three months ended June 30, 2019 and 2018, and $5,205 and $(3,300) for the six months ended June 30, 2019 and 2018, respectively	10,170	(2,412)	20,139	(12,412)
Reclassification adjustment for net (gains) losses included in net income, net of tax expense (benefit) of $29 and $4 for the three months ended June 30, 2019 and 2018, and $(23) and $50 for the six months ended June 30, 2019 and 2018, respectively	(108)	(12)	87	(188)
Other comprehensive income (loss)	10,062	(2,424)	20,226	(12,600)
Comprehensive income	$ 4,474	$ 4,675	$ 12,923	$ 365

Interim Consolidated Statemen_4

Interim Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on unrealized holding gain (loss) on securities	$ 2,703	$ (642)	$ 5,205	$ (3,300)
Tax expense (benefit) on reclassification adjustment for net gain on securities included in net income	$ 29	$ 4	$ (23)	$ 50

Interim Consolidated Statemen_5

Interim Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Common stock shares outstanding, beginning balance (in shares) at Dec. 31, 2017		26,888,288
Beginning balance at Dec. 31, 2017	$ 704,380	$ 511	$ 339,009	$ 371,982	$ (7,122)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	12,965			12,965
Common stock issued, (in shares)		89,941
Common stock issued	254		254
Share-based compensation expense	1,460		1,460
Other comprehensive (loss) income	(12,600)				(12,600)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2018		26,978,229
Ending balance at Jun. 30, 2018	706,459	$ 511	340,723	384,947	(19,722)
Common stock shares outstanding, beginning balance (in shares) at Mar. 31, 2018		26,972,074
Beginning balance at Mar. 31, 2018	700,963	$ 511	339,902	377,848	(17,298)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7,099			7,099
Common stock issued, (in shares)		6,155
Common stock issued	132		132
Share-based compensation expense	689		689
Other comprehensive (loss) income	(2,424)				(2,424)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2018		26,978,229
Ending balance at Jun. 30, 2018	$ 706,459	$ 511	340,723	384,947	(19,722)
Common stock shares outstanding, beginning balance (in shares) at Dec. 31, 2018	26,995,348	26,995,348
Beginning balance at Dec. 31, 2018	$ 739,520	$ 511	342,439	412,009	(15,439)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(7,303)			(7,303)
Common stock issued, (in shares)		53,416
Common stock issued	81		81
Share-based compensation expense	260		260
Other comprehensive (loss) income	20,226				20,226
Common stock repurchased and retired (in shares)		(963,600)
Common stock repurchased and retired	(28,326)		(12,199)	(16,127)	0
Reclassification to temporary equity	$ (52,735)		(21,876)	(30,859)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2019	26,085,164	26,085,164
Ending balance at Jun. 30, 2019	$ 671,175	$ 511	308,705	359,252	2,707
Beginning balance at Dec. 31, 2018	0
Ending balance at Jun. 30, 2019	52,735
Common stock shares outstanding, beginning balance (in shares) at Mar. 31, 2019		27,038,257
Beginning balance at Mar. 31, 2019	747,031	$ 511	342,049	411,826	(7,355)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(5,588)			(5,588)
Common stock issued, (in shares)		10,507
Common stock issued	19		19
Share-based compensation expense	712		712
Other comprehensive (loss) income	10,062				10,062
Common stock repurchased and retired (in shares)		(963,600)
Common stock repurchased and retired	(28,326)		(12,199)	(16,127)
Reclassification to temporary equity	$ (52,735)		(21,876)	(30,859)
Common stock shares outstanding, ending balance (in shares) at Jun. 30, 2019	26,085,164	26,085,164
Ending balance at Jun. 30, 2019	$ 671,175	$ 511	$ 308,705	$ 359,252	$ 2,707
Beginning balance at Mar. 31, 2019	0
Ending balance at Jun. 30, 2019	$ 52,735

Interim Consolidated Statemen_6

Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (7,303)	$ 12,965
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion	19,862	12,104
Provision for credit losses	1,500	1,750
Net fair value adjustment and gain on sale of loans held for sale	(58,383)	(44,297)
Gain on sale of mortgage servicing rights, gross	(6,206)	0
Loss on sale of HLC mortgage origination assets, net	577	0
Fair value adjustment of loans held for investment	(136)	31
Origination of mortgage servicing rights	(18,631)	(33,369)
Change in fair value of mortgage servicing rights	24,971	(24,878)
Net loss (gain) on sale of investment securities	110	(238)
Net (gain) loss on sale of loans originated as held for investment	(3,640)	628
Net fair value adjustment, gain on sale and provision for losses on other real estate owned	(110)	(92)
Loss on disposal of fixed assets	0	302
Loss on lease abandonment and exit costs	17,519	5,802
Deferred income taxes	(39,832)	(46)
Share-based compensation expense	341	1,702
Origination of loans held for sale	(2,539,081)	(3,248,078)
Proceeds from sale of loans originated as held for sale	2,496,484	3,345,695
Changes in operating assets and liabilities:
Decrease in accounts receivable and other assets	7,914	3,437
(Decrease) increase in accounts payable and other liabilities	(4,188)	2,347
Net cash (used in) provided by operating activities	(108,232)	35,765
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment securities	(24,148)	(97,842)
Proceeds from sale of investment securities	119,412	22,232
Principal repayments and maturities of investment securities	51,722	52,857
Proceeds from sale of other real estate owned	744	459
Proceeds from sale of loans originated as held for investment	339,026	230,527
Proceeds from sale of mortgage servicing rights	1,109	65,263
Net cash provided by disposal of discontinued operations	168,298	0
Origination of loans held for investment and principal repayments, net	(484,010)	(617,670)
Purchase of property and equipment	(1,160)	(5,926)
Net cash used for acquisitions	(47,389)	0
Net cash provided by (used in) investing activities	123,604	(350,100)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in deposits, net	597,574	359,251
Proceeds from Federal Home Loan Bank advances	5,388,300	5,637,500
Repayment of Federal Home Loan Bank advances	(5,933,300)	(5,608,000)
Proceeds from federal funds purchased and securities sold under agreements to repurchase	7,397,200	796,000
Repayment of federal funds purchased and securities sold under agreements to repurchase	(7,416,200)	(796,000)
Proceeds from line of credit draws	0	30,000
Repayment of lease principal	(1,053)
Proceeds from Federal Home Loan Bank stock repurchase	113,655	98,621
Purchase of Federal Home Loan Bank stock	(92,206)	(100,139)
Stock repurchased	(28,326)	0
Proceeds from stock issuance, net	0	11
Net cash provided by financing activities	25,644	417,244
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	41,016	102,909
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Cash, cash equivalents and restricted cash, beginning of year	58,586	73,909
Cash, cash equivalents and restricted cash, end of period	99,602	176,818
Less restricted cash included in other assets	0	(600)
CASH AND CASH EQUIVALENTS AT END OF PERIOD	99,602	176,218
Cash paid during the period for:
Interest paid	48,407	28,825
Federal and state income taxes (refunded) paid, net	11,310	(112)
Non-cash activities:
Loans held for investment foreclosed and transferred to other real estate owned	915	455
Loans transferred from held for investment to held for sale	357,552	252,567
Loans transferred from held for sale to held for investment	4,723	10,480
Ginnie Mae loans (derecognized) recognized with the right to repurchase, net	(28,149)	1,992
Receivable from sale of mortgage servicing rights	18,315	3,457
Acquisition:
Assets acquired	114,725	0
Liabilities assumed	74,942	0
Goodwill	$ 7,606	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: HomeStreet, Inc. and its wholly owned subsidiaries (the "Company") is a diversified financial services company serving customers primarily on the West Coast of the United States, including Hawaii. The Company is principally engaged in commercial banking, mortgage banking, and consumer/retail banking activities. The Company's consolidated financial statements include the accounts of HomeStreet, Inc. and its wholly owned subsidiaries, HomeStreet Capital Corporation, HomeStreet Statutory Trusts and HomeStreet Bank (the "Bank"), and the Bank's subsidiaries, HomeStreet/WMS, Inc., HomeStreet Reinsurance, Ltd., Continental Escrow Company, HomeStreet Foundation, HS Properties, Inc., HS Evergreen Corporate Center LLC, Union Street Holdings LLC, HS Cascadia Holdings LLC and YNB Real Estate LLC. HomeStreet Bank was formed in 1986 and is a state-chartered commercial bank. The Company's accounting and financial reporting policies conform with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Inter-company balances and transactions have been eliminated in consolidation. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and revenues and expenses during the reporting periods and related disclosures. Some of these estimates require application of management's most difficult, subjective or complex judgments and result in amounts that are inherently uncertain and may change in future periods. Management has made significant estimates in several areas, including the fair value of assets acquired and liabilities assumed in business combinations (Note 2, Business Combinations ), allowance for credit losses (Note 4, Loans and Credit Quality ), valuation of residential mortgage servicing rights and loans held for sale (Note 7, Mortgage Banking Operations ), valuation of investment securities (Note 3, Investment Securities ), and valuation of derivatives (Note 6, Derivatives and Hedging Activities ). We have reclassified certain prior period amounts to conform to the current period presentation. These reclassifications are immaterial and have no effect on net income, comprehensive income, cash flows, total assets or total shareholders' equity as previously reported. During the three months ended March 31, 2019, the Company's Board of Directors (the "Board") adopted a Resolution of Exit or Disposal of Home Loan Center ("HLC") Based Mortgage Banking Operations to sell or abandon the assets and transfer or terminate the personnel associated with the Company's high-volume home loan center-based mortgage origination business. The Company also successfully closed and settled two separate sales of the rights to service $14.26 billion in total unpaid principal balance of single family mortgage loans serviced for others, representing in the aggregate 71% of HomeStreet's total single family mortgage loans serviced for others portfolio at December 31, 2018. These two actions largely represent the Company's former Mortgage Banking segment. In accordance with Accounting Standards Codification (ASC) 205-20, the Company determined that the Board's decision to sell or abandon the assets and personnel associated with the Company's HLC-based mortgage business and the related mortgage servicing rights ("MSR") sales met the criteria to be classified as discontinued operations and its operating results and financial condition are presented as discontinued operations in the consolidated financial statements for the current and all comparative periods which have been recast to conform to the new presentation (see Note 2, Discontinued Operations for additional information). Unless otherwise indicated, information included in these notes to the consolidated financial statements (unaudited) are presented on a consolidated operations basis, which includes results from both continuing and discontinued operations, for all periods presented. In connection with the mortgage servicing rights ("MSR") sales and Board resolution regarding the former Mortgage Banking segment, the Company reassessed its reportable operating segments given these changes and associated changes made to its Chief Operating Decision Maker (CODM) package as of March 31, 2019. The Company concluded that as of March 31, 2019 the CODM evaluates the Company’s performance on a consolidated, entity-wide basis and accordingly has resulted in the elimination of segment reporting. The Company will no longer disclose operating results below the consolidated entity level which is now the reportable segment. These unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results of the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this Quarterly Report on Form 10-Q. The results of operations in the interim financial statements do not necessarily indicate the results that may be expected for the full year. The interim financial information should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission ("2018 Annual Report on Form 10-K"). Share Repurchase Program On March 28, 2019, the Board authorized a share repurchase program (the "Repurchase Program") pursuant to which the Company could have purchased up to $75 million of its issued and outstanding common stock, no par value, at prevailing market rates at the time of such purchase. There were repurchases of 963,600 shares of our common stock in the three and six months ended June 30, 2019 . On June 20, 2019, the Company agreed to repurchase approximately 1.7 million shares from Blue Lion Capital and affiliates at a share price of $31.16 , which represented the five-day volume weighted average price prior to the date of the 2019 annual meeting on June 20 and suspended our share repurchase program. This agreement required the Federal Reserve Bank of San Francisco to review and provide its non-objection prior to consummation. On July 11, 2019, we received the non-objection to the purchase agreement from the Federal Reserve and executed this share repurchase. We subsequently terminated our share repurchase program on July 25, 2019. Due to the time between entering the agreement with Blue Lion Capital to the settlement date, the Company reclassified $52.7 million from permanent shareholders' equity to temporary shareholders' equity on its consolidated statements of financial condition. Recent Accounting Developments In May 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2019-05, Financial Instruments - Credit Losses (Topic 326) Targeted Transition Relief, or ASU 2019-05. This ASU allows entities to irrevocably elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of ASC 326-20 if the instruments are eligible for the fair value option under ASC 825-10. The fair value option election does not apply to held-to-maturity debt securities. Entities are required to make this election on an instrument-by-instrument basis. ASU 2019-05 has the same effective date as ASU 2016-13 therefore, it will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company does not expect to elect the fair value option under this guidance, and therefore, ASU 2019-05 is not expected to impact the Company’s Consolidated Financial Statements. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 – Financial Instruments. The new ASU provides narrow-scope amendments to help apply these recent standards. The transition requirements and effective date of this ASU for HomeStreet is January 1, 2020 with early adoption permitted for certain amendments. The Company is currently assessing this standard’s impact on our consolidated results of operations and financial condition. In August 2018, the FASB issued ASU No.2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . This ASU adds, eliminates, and modifies certain disclosure requirements for fair value measurements. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU No. 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. Entities are also allowed to elect early adoption of the eliminated or modified disclosure requirements and delay adoption of the added disclosure requirements until their effective date. As ASU No. 2018-13 only revises disclosure requirements, it will not impact the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, or ASU 2017-04, which eliminates Step 2 from the goodwill impairment test. ASU 2017-04 also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Adoption of ASU 2017-04 is required for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 with early adoption permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements. In June 2016, FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments . Current U.S. GAAP requires an "incurred loss" methodology for recognizing credit losses that delay recognition until it is probable a loss has been incurred. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendment affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial asset not excluded from the scope that has the contractual right to receive cash. The amendments in this ASU replace the incurred loss impairment model in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments in this ASU require a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. The measurement of expected credit losses will be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The use of forecasted information incorporates more timely information in the estimate of expected credit loss, which will be more decision relevant to users of the financial statements. The amendments in this ASU will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company plans to adopt this ASU on January 1, 2020 and is still evaluating the effects this ASU will have on the Company's consolidated financial statements. The Company formed a cross-functional project team and engaged third-party consultants who jointly developed an implementation plan to satisfy the requirements of the ASU. The project team continues to work on developing and implementing the current expected credit loss ("CECL") model including data and assumption validation, identifying key interpretive issues, documenting process flows and internal controls, and beginning parallel testing with our existing allowance model. We also engaged a third-party firm to evaluate our CECL model. The Company anticipates that an increase to the allowance for credit losses will be recognized upon adoption of the ASU to provide for the expected credit losses over the estimated life of the financial assets (principally loans); however, management is still assessing the magnitude of the increase which will depend on economic conditions and the composition and trends in the Company's loans held for investment portfolio at the date of adoption. Upon adoption, the Company expects to implement a change in the processes and procedures used to calculate the allowance for loan losses. In addition, the current accounting policy and procedures for other-than-temporary impairment on investment securities classified as available for sale will be replaced with an allowance approach. The Company has begun developing and implementing processes to address the provisions of this ASU.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS: On March 29, 2019, the Company successfully closed and settled two sales of the rights to service $14.26 billion in total unpaid principal balance of single family mortgage loans serviced for Federal National Mortgage Association ("Fannie Mae"), Federal Home Loan Mortgage Corporation ('Freddie Mac") and Government National Mortgage Association ("Ginnie Mae"), representing 71% of HomeStreet's total single family mortgage loans serviced for others portfolio as of December 31, 2018. The sale resulted in a $1.3 million pre-tax loss from discontinued operations during the six months ended June 30, 2019. The Company finalized the servicing transfer for some of these loans in the second quarter of 2019 and will transfer the remaining in the third quarter of 2019 and is subservicing these loans until the transfer dates. These loans are excluded from the Company's MSR portfolio at June 30, 2019 . On March 31, 2019, based on mortgage market conditions and the operating environment, the Board adopted a Resolution of Exit or Disposal of HLC Based Mortgage Banking Operations to sell or abandon the assets and related personnel associated with those operations. The assets that were sold or abandoned largely represented the Company's former Mortgage Banking segment, the activities of which related to originating, servicing, underwriting, funding and selling single family residential mortgage loans. The Company determined that the above actions constituted commitment to a plan of exit or disposal of certain long-lived assets (through sale or abandonment) and termination of employees. Further, the Company determined that the shift from a large-scale HLC based originator and servicer to a branch-focused product offering represented a strategic shift. As a result, the HLC-related mortgage banking operations are reported separately from the continuing operations as discontinued operations. In addition, the former Mortgage Banking operating segment and reporting unit was eliminated. This has resulted in a recast of the financial statements in the current and all comparative periods as detailed below. On April 4, 2019 the Company entered into a definitive agreement related to the sale of the HLC based mortgage origination business assets and transfer of personnel to Homebridge Financial Services, Inc. – ("Homebridge"). On June 24, 2019 the Company completed the sale with Homebridge. This sale included 47 stand-alone HLCs and the transfer of certain related mortgage personnel. These HLCs, along with certain other mortgage banking related assets and liabilities that were to be sold or abandoned within one year, are classified as discontinued operations in the accompanying Consolidated Statements of Financial Condition and Consolidated Statements of Operations. HLCs that were not sold were closed during the second quarter and none remain as of June 30, 2019. Certain remaining bank location-based components of the Company's for mer Mortgage Banking segment, including MSRs on certain mortgage loans that were not part of the sales and right-of-use assets and lease liabilities where we did not obtain full landlord release have been classified as continuing operations based on the Company's intent. The following table summarizes the calculation of the net loss on disposal of discontinued operations. (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Proceeds from asset sales $ 3,461 $ 186,612 Book value of asset sales 4,038 180,982 (Loss) gain on assets sold (577 ) 5,630 Transaction costs 2,759 9,177 Compensation expense related to the transactions 2,675 3,792 Facility and IT related costs 4,785 15,681 Total costs 10,219 28,650 Net loss on disposal $ (10,796 ) $ (23,020 ) The carrying amount of major classes of assets and liabilities related to discontinued operations consisted of the following. (in thousands) June 30, 2019 December 31, 2018 ASSETS Loans held-for-sale, at fair value $ 320,238 $ 269,683 Mortgage serving rights — 177,121 Premises and equipment, net — 6,689 Other assets (1) 32,691 23,541 Assets of discontinued operations $ 352,929 $ 477,034 LIABILITIES Deposits $ 132,804 $ 162,850 Accrued expenses and other liabilities 15,417 4,271 Liabilities of discontinued operations $ 148,221 $ 167,121 (1) Includes $8.9 million and $15.5 million of derivative balances at June 30, 2019 and December 31, 2018 , respectively. Statements of Operations of Discontinued Operations Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (in thousands) Net interest income $ 2,617 $ 3,258 $ 4,762 $ 6,270 Noninterest income 23,458 60,984 62,728 114,719 Noninterest expense 42,753 60,601 92,608 111,899 (Loss) income before income taxes (16,678 ) 3,641 (25,118 ) 9,090 Income tax (benefit) expense (2,198 ) 713 (3,865 ) 2,050 (Loss) income from discontinued operations $ (14,480 ) $ 2,928 $ (21,253 ) $ 7,040 Statements of Cash Flow for Discontinued Operations Six Months Ended June 30, 2019 2018 (in thousands) Net cash (used in) provided by operating activities $ (55,257 ) $ 17,937 Net cash provided by investing activities 169,407 170,526

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES: The following table sets forth certain information regarding the amortized cost and fair values of our investment securities available for sale and held to maturity. At June 30, 2019 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 112,354 $ 76 $ (2,409 ) $ 110,021 Commercial 29,999 489 (60 ) 30,428 Collateralized mortgage obligations: Residential 157,202 1,115 (1,253 ) 157,064 Commercial 124,783 686 (890 ) 124,579 Municipal bonds 351,546 7,046 (1,495 ) 357,097 Corporate debt securities 18,791 289 (183 ) 18,897 U.S. Treasury securities 1,296 15 — 1,311 $ 795,971 $ 9,716 $ (6,290 ) $ 799,397 HELD TO MATURITY Municipal bonds (1) $ 4,422 $ 98 $ — $ 4,520 $ 4,422 $ 98 $ — $ 4,520 (1) In conjunction with adopting ASU 2017-12, in the first quarter of 2019, we transferred $66.2 million in HTM securities to AFS. At December 31, 2018 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 112,852 $ 19 $ (4,910 ) $ 107,961 Commercial 34,892 109 (487 ) 34,514 Collateralized mortgage obligations: Residential 171,412 221 (4,889 ) 166,744 Commercial 118,555 140 (2,021 ) 116,674 Municipal bonds 393,463 1,526 (9,334 ) 385,655 Corporate debt securities 21,177 1 (1,183 ) 19,995 U.S. Treasury securities 11,211 6 (317 ) 10,900 Agency debentures 9,876 — (351 ) 9,525 $ 873,438 $ 2,022 $ (23,492 ) $ 851,968 HELD TO MATURITY Mortgage-backed securities: Residential $ 11,071 $ — $ (274 ) $ 10,797 Commercial 17,307 30 (311 ) 17,026 Collateralized mortgage obligations 15,624 10 (65 ) 15,569 Municipal bonds 27,191 190 (319 ) 27,062 Corporate debt securities 92 — — 92 $ 71,285 $ 230 $ (969 ) $ 70,546 Mortgage-backed securities ("MBS") and collateralized mortgage obligations ("CMO") represent securities issued by government sponsored enterprises ("GSEs"). Each of the MBS and CMO securities in our investment portfolio are guaranteed by Fannie Mae, Ginnie Mae or Freddie Mac. Municipal bonds are comprised of general obligation bonds (i.e., backed by the general credit of the issuer) and revenue bonds (i.e., backed by either collateral or revenues from the specific project being financed) issued by various municipal corporations. As of June 30, 2019 and December 31, 2018 , all securities held, including municipal bonds and corporate debt securities, were rated investment grade, based upon external ratings where available and, where not available, based upon internal ratings which correspond to ratings as defined by Standard and Poor's Rating Services ("S&P") or Moody's Investors Services ("Moody's"). As of June 30, 2019 and December 31, 2018 , substantially all securities held had ratings available by external ratings agencies. Investment securities available for sale and held to maturity that were in an unrealized loss position are presented in the following tables based on the length of time the individual securities have been in an unrealized loss position. At June 30, 2019 Less than 12 months 12 months or more Total (in thousands) Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value AVAILABLE FOR SALE Mortgage-backed securities: Residential $ (371 ) $ 3,590 $ (2,038 ) $ 100,845 $ (2,409 ) $ 104,435 Commercial — — (60 ) 5,428 (60 ) 5,428 Collateralized mortgage obligations: Residential (17 ) 5,103 (1,236 ) 75,921 (1,253 ) 81,024 Commercial (434 ) 29,916 (456 ) 46,857 (890 ) 76,773 Municipal bonds (18 ) 10,182 (1,477 ) 112,750 (1,495 ) 122,932 Corporate debt securities — — (183 ) 7,994 (183 ) 7,994 $ (840 ) $ 48,791 $ (5,450 ) $ 349,795 $ (6,290 ) $ 398,586 * There were no held to maturity securities in an unrealized loss position at June 30, 2019 At December 31, 2018 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ (34 ) $ 1,269 $ (4,876 ) $ 104,822 $ (4,910 ) $ 106,091 Commercial — — (487 ) 18,938 (487 ) 18,938 Collateralized mortgage obligations: Residential (131 ) 24,085 (4,758 ) 128,899 (4,889 ) 152,984 Commercial (350 ) 22,051 (1,671 ) 73,429 (2,021 ) 95,480 Municipal bonds (1,283 ) 85,057 (8,051 ) 201,189 (9,334 ) 286,246 Corporate debt securities (104 ) 5,557 (1,079 ) 14,213 (1,183 ) 19,770 U.S. Treasury securities — — (317 ) 9,598 (317 ) 9,598 Agency debentures — — (351 ) 9,525 (351 ) 9,525 $ (1,902 ) $ 138,019 $ (21,590 ) $ 560,613 $ (23,492 ) $ 698,632 HELD TO MATURITY Mortgage-backed securities: Residential $ (31 ) $ 2,314 $ (243 ) $ 6,197 $ (274 ) $ 8,511 Commercial (24 ) 2,800 (287 ) 11,256 (311 ) 14,056 Collateralized mortgage obligations (65 ) 10,597 — — (65 ) 10,597 Municipal bonds (102 ) 7,210 (217 ) 11,273 (319 ) 18,483 $ (222 ) $ 22,921 $ (747 ) $ 28,726 $ (969 ) $ 51,647 The Company has evaluated securities available for sale that are in an unrealized loss position and has determined that the decline in value is temporary and is related to the change in market interest rates since purchase. The decline in value is not related to any issuer- or industry-specific credit event. The Company has not identified any expected credit losses on its debt securities as of June 30, 2019 and December 31, 2018 . In addition, as of June 30, 2019 and December 31, 2018 , the Company had not made a decision to sell any of its debt securities held, nor did the Company consider it more likely than not that it would be required to sell such securities before recovery of their amortized cost basis. The following tables present the fair value of investment securities available for sale and held to maturity by contractual maturity along with the associated contractual yield for the periods indicated below. Contractual maturities for mortgage-backed securities and collateralized mortgage obligations as presented exclude the effect of expected prepayments. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations before the underlying mortgages mature. The weighted-average yield is computed using the contractual coupon of each security weighted based on the fair value of each security and does not include adjustments to a tax equivalent basis. At June 30, 2019 Within one year After one year through five years After five years through ten years After ten years Total (dollars in thousands) Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield AVAILABLE FOR SALE Mortgage-backed securities: Residential $ — — % $ 4 1.38 % $ 5,895 1.65 % $ 104,122 2.10 % $ 110,021 2.07 % Commercial — — 18,504 2.45 11,924 2.70 — — 30,428 2.55 Collateralized mortgage obligations: Residential — — — — — — 157,064 2.46 157,064 2.46 Commercial — — 8,244 2.48 28,907 2.94 87,428 2.58 124,579 2.66 Municipal bonds 5,019 2.10 — — 10,954 3.28 341,124 3.59 357,097 3.56 Corporate debt securities 1,023 3.41 7,858 3.66 9,924 3.63 92 6.16 18,897 3.64 U.S. Treasury securities — — 1,311 2.83 — — — — 1,311 2.83 Total available for sale $ 6,042 2.32 % $ 35,921 2.74 % $ 67,604 2.94 % $ 689,830 2.98 % $ 799,397 2.96 % HELD TO MATURITY Mortgage-backed securities: Municipal bonds $ — — % $ 1,804 2.90 % $ 2,716 2.06 % $ — — % $ 4,520 2.39 % Total held to maturity $ — — % $ 1,804 2.90 % $ 2,716 2.06 % $ — — % $ 4,520 2.39 % At December 31, 2018 Within one year After one year through five years After five years through ten years After ten years Total (dollars in thousands) Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield AVAILABLE FOR SALE Mortgage-backed securities: Residential $ — — % $ — — % $ 7,094 1.62 % $ 100,867 2.05 % $ 107,961 2.03 % Commercial — — 14,175 2.20 16,737 2.99 3,602 2.90 34,514 2.66 Collateralized mortgage obligations: Residential — — — — — — 166,744 2.43 166,744 2.43 Commercial — — 9,008 2.42 29,292 2.88 78,374 2.42 116,674 2.53 Municipal bonds 5,670 2.12 16,276 2.24 30,659 2.89 333,050 3.51 385,655 3.39 Corporate debt securities — — 3,949 2.96 13,608 3.31 2,438 3.65 19,995 3.29 U.S. Treasury securities — — 10,900 1.87 — — — — 10,900 1.87 Agency debentures — — — — 9,525 2.23 — — 9,525 2.23 Total available for sale $ 5,670 2.12 % $ 54,308 2.24 % $ 106,915 2.81 % $ 685,075 2.90 % $ 851,968 2.84 % HELD TO MATURITY Mortgage-backed securities: Residential $ — — % $ — — % $ — — % $ 10,797 2.82 % $ 10,797 2.82 % Commercial — — 12,147 2.51 4,879 2.64 — — 17,026 2.55 Collateralized mortgage obligations — — 7,205 3.59 — — 8,364 2.94 15,569 3.24 Municipal bonds — — 1,790 2.85 5,651 2.29 19,621 3.24 27,062 3.01 Corporate debt securities — — — — — — 92 6.00 92 6.00 Total held to maturity $ — — % $ 21,142 2.91 % $ 10,530 2.45 % $ 38,874 3.07 % $ 70,546 2.93 % Sales of investment securities available for sale were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Proceeds $ 24,414 $ 5,357 $ 119,412 $ 22,232 Gross gains 159 38 531 261 Gross losses (22 ) (22 ) (641 ) (23 ) The following table summarizes the carrying value of securities pledged as collateral to secure borrowings, public deposits and other purposes as permitted or required by law: (in thousands) At June 30, At December 31, Federal Home Loan Bank to secure borrowings $ — $ 63,179 Washington and California State to secure public deposits 156,229 126,565 Securities pledged to secure derivatives in a liability position — 5,077 Other securities pledged 5,056 5,147 Total securities pledged as collateral $ 161,285 $ 199,968 The Company assesses the creditworthiness of the counterparties that hold the pledged collateral and has determined that these arrangements have little risk. There were no securities pledged under repurchase agreements at June 30, 2019 and December 31, 2018 . Tax-exempt interest income on securities available for sale totaling $2.5 million and $2.2 million for the three months ended June 30, 2019 and 2018 , respectively, and $5.3 million and $4.5 million for the six months ended June 30, 2019 and 2018 , respectively, was recorded in the Company's consolidated statements of operations.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
LOANS AND CREDIT QUALITY	LOANS AND CREDIT QUALITY: For a detailed discussion of loans and credit quality, including accounting policies and the methodology used to estimate the allowance for credit losses, see Note 1, Summary of Significant Accounting Policies, and Note 5 , Loans and Credit Quality, within our 2018 Annual Report on Form 10-K. The Company's portfolio of loans held for investment is divided into two portfolio segments, consumer loans and commercial loans, which are the same segments used to determine the allowance for loan losses. Within each portfolio segment, the Company monitors and assesses credit risk based on the risk characteristics of each of the following loan classes: single family and home equity and other loans within the consumer loan portfolio segment and non-owner occupied commercial real estate, multifamily, construction/land development, owner occupied commercial real estate and commercial business loans within the commercial loan portfolio segment. Loans held for investment consist of the following. (in thousands) At June 30, At December 31, Consumer loans Single family (1) $ 1,259,386 $ 1,358,175 Home equity and other 588,132 570,923 Total consumer loans 1,847,518 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 767,447 701,928 Multifamily 995,604 908,015 Construction/land development 779,031 794,544 Total commercial real estate loans 2,542,082 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 470,986 429,158 Commercial business 444,002 331,004 Total commercial and industrial loans 914,988 760,162 Loans held for investment before deferred fees, costs and allowance 5,304,588 5,093,747 Net deferred loan fees and costs 26,525 23,094 5,331,113 5,116,841 Allowance for loan losses (43,254 ) (41,470 ) Total loans held for investment $ 5,287,859 $ 5,075,371 (1) Includes $4.5 million and $4.1 million at June 30, 2019 and December 31, 2018 , respectively, of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations. Loans in the amount of $1.85 billion and $2.16 billion at June 30, 2019 and December 31, 2018 , respectively, were pledged to secure borrowings from the Federal Home Loan Bank ("FHLB") as part of our liquidity management strategy. Additionally, loans totaling $578.4 million and $502.7 million at June 30, 2019 and December 31, 2018 , respectively, were pledged to secure borrowings from the Federal Reserve Bank. The FHLB and Federal Reserve Bank do not have the right to sell or re-pledge these loans. Credit Risk Concentrations Concentrations of credit risk arise when a number of customers are engaged in similar business activities or activities in the same geographic region, or when they have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions. Loans held for investment are primarily secured by real estate located in the Pacific Northwest, California and Hawaii. At June 30, 2019 , we had concentrations representing 10% or more of the total portfolio by state and property type for the loan classes of single family and multifamily within the states of Washington and California, which represented 11.8% and 11.1% of the total portfolio, respectively. At December 31, 2018 , we had concentrations representing 10% or more of the total portfolio by state and property type for the loan classes of single family and multifamily within the states of Washington and California, which represented 13.1% and 10.2% of the total portfolio, respectively. Credit Quality Management considers the level of allowance for loan losses to be appropriate to cover credit losses inherent within the loans held for investment portfolio as of June 30, 2019 . In addition to the allowance for loan losses, the Company maintains a separate allowance for losses related to unfunded loan commitments, and this amount is included in accounts payable and other liabilities on our consolidated statements of financial condition. Collectively, these allowances are referred to as the allowance for credit losses. The allowance for unfunded commitments was $1.4 million at June 30, 2019 , compared to $1.5 million at June 30, 2018 . For further information on the policies that govern the determination of the allowance for loan losses levels, see Note 1, Summary of Significant Accounting Policies, and Note 5 , Loans and Credit Quality, within our 2018 Annual Report on Form 10-K. Activity in the allowance for credit losses was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Allowance for credit losses (roll-forward): Beginning balance $ 44,536 $ 40,446 $ 42,913 $ 39,116 Provision for credit losses — 1,000 1,500 1,750 Recoveries, net of (charge-offs) 92 (464 ) 215 116 Ending balance $ 44,628 $ 40,982 $ 44,628 $ 40,982 Activity in the allowance for credit losses by loan portfolio and loan class was as follows. Three Months Ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,190 $ — $ 57 $ (707 ) $ 7,540 Home equity and other 7,791 (95 ) 80 (213 ) 7,563 Total consumer loans 15,981 (95 ) 137 (920 ) 15,103 Commercial real estate loans Non-owner occupied commercial real estate 6,176 — — (25 ) 6,151 Multifamily 6,360 — — 687 7,047 Construction/land development 9,651 — 43 13 9,707 Total commercial real estate loans 22,187 — 43 675 22,905 Commercial and industrial loans Owner occupied commercial real estate 3,304 — — 158 3,462 Commercial business 3,064 — 7 87 3,158 Total commercial and industrial loans 6,368 — 7 245 6,620 Total allowance for credit losses $ 44,536 $ (95 ) $ 187 $ — $ 44,628 Three Months Ended June 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 9,208 $ — $ 2 $ (616 ) $ 8,594 Home equity and other 6,987 (145 ) 147 357 7,346 Total consumer loans 16,195 (145 ) 149 (259 ) 15,940 Commercial real estate loans Non-owner occupied commercial real estate 4,627 — — 137 4,764 Multifamily 4,651 — — 366 5,017 Construction/land development 9,159 — 172 (126 ) 9,205 Total commercial real estate loans 18,437 — 172 377 18,986 Commercial and industrial loans Owner occupied commercial real estate 2,966 — — 66 3,032 Commercial business 2,848 (652 ) 12 816 3,024 Total commercial and industrial loans 5,814 (652 ) 12 882 6,056 Total allowance for credit losses $ 40,446 $ (797 ) $ 333 $ 1,000 $ 40,982 Six Months Ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,217 $ — $ 142 $ (819 ) $ 7,540 Home equity and other 7,712 (141 ) 153 (161 ) 7,563 15,929 (141 ) 295 (980 ) 15,103 Commercial real estate loans Non-owner occupied commercial real estate 5,496 — — 655 6,151 Multifamily 5,754 — — 1,293 7,047 Construction/land development 9,539 — 47 121 9,707 Total commercial real estate loans 20,789 — 47 2,069 22,905 Commercial and industrial loans Owner occupied commercial real estate 3,282 — — 180 3,462 Commercial business 2,913 — 14 231 3,158 Total commercial and industrial loans 6,195 — 14 411 6,620 Total allowance for credit losses $ 42,913 $ (141 ) $ 356 $ 1,500 $ 44,628 Six Months Ended June 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 9,412 $ — $ 282 $ (1,100 ) $ 8,594 Home equity and other 7,081 (242 ) 223 284 7,346 16,493 (242 ) 505 (816 ) 15,940 Commercial real estate loans Non-owner occupied commercial real estate 4,755 — — 9 4,764 Multifamily 3,895 — — 1,122 5,017 Construction/land development 8,677 — 343 185 9,205 Total commercial real estate loans 17,327 — 343 1,316 18,986 Commercial and industrial loans Owner occupied commercial real estate 2,960 — — 72 3,032 Commercial business 2,336 (653 ) 163 1,178 3,024 5,296 (653 ) 163 1,250 6,056 Total allowance for credit losses $ 39,116 $ (895 ) $ 1,011 $ 1,750 $ 40,982 The following tables disaggregate our allowance for credit losses and recorded investment in loans by impairment methodology. At June 30, 2019 (in thousands) Allowance: collectively evaluated for impairment Allowance: individually evaluated for impairment Total Loans: collectively evaluated for impairment Loans: individually evaluated for impairment Total Consumer loans Single family $ 7,460 $ 80 $ 7,540 $ 1,184,995 $ 69,806 $ 1,254,801 Home equity and other 7,524 39 7,563 587,194 1,048 588,242 Total consumer loans 14,984 119 15,103 1,772,189 70,854 1,843,043 Commercial real estate loans Non-owner occupied commercial real estate 6,151 — 6,151 767,447 — 767,447 Multifamily 7,047 — 7,047 995,120 484 995,604 Construction/land development 9,707 — 9,707 779,031 — 779,031 Total commercial real estate loans 22,905 — 22,905 2,541,598 484 2,542,082 Commercial and industrial loans Owner occupied commercial real estate 3,462 — 3,462 469,800 1,186 470,986 Commercial business 3,149 9 3,158 442,682 1,320 444,002 Total commercial and industrial loans 6,611 9 6,620 912,482 2,506 914,988 Total loans evaluated for impairment 44,500 128 44,628 5,226,269 73,844 5,300,113 Loans held for investment carried at fair value — — — — — 4,475 (1) Total loans held for investment $ 44,500 $ 128 $ 44,628 $ 5,226,269 $ 73,844 $ 5,304,588 At December 31, 2018 (in thousands) Allowance: collectively evaluated for impairment Allowance: individually evaluated for impairment Total Loans: collectively evaluated for impairment Loans: individually evaluated for impairment Total Consumer loans Single family $ 8,151 $ 66 $ 8,217 $ 1,286,556 $ 67,575 $ 1,354,131 Home equity and other 7,671 41 7,712 569,673 1,237 570,910 Total consumer loans 15,822 107 15,929 1,856,229 68,812 1,925,041 Commercial real estate loans Non-owner occupied commercial real estate 5,496 — 5,496 701,928 — 701,928 Multifamily 5,754 — 5,754 907,523 492 908,015 Construction/land development 9,539 — 9,539 793,818 726 794,544 Total commercial real estate loans 20,789 — 20,789 2,403,269 1,218 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 3,282 — 3,282 427,938 1,220 429,158 Commercial business 2,787 126 2,913 329,170 1,834 331,004 Total commercial and industrial loans 6,069 126 6,195 757,108 3,054 760,162 Total loans evaluated for impairment 42,680 233 42,913 5,016,606 73,084 5,089,690 Loans held for investment carried at fair value — — — — — 4,057 (1) Total loans held for investment $ 42,680 $ 233 $ 42,913 $ 5,016,606 $ 73,084 $ 5,093,747 (1) Comprised of single family loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations. Impaired Loans Loans are classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and interest when due, in accordance with the terms of the original loan agreement, without unreasonable delay. This includes all loans classified as nonaccrual and troubled debt restructurings. Impaired loans are risk rated for internal and regulatory rating purposes, but presented separately for clarification. The following tables present impaired loans by loan portfolio segment and loan class. At June 30, 2019 (in thousands) Recorded investment (1) Unpaid principal balance (2) Related allowance With no related allowance recorded: Consumer loans Single family (3) $ 68,133 $ 68,562 $ — Home equity and other 564 589 — Total consumer loans 68,697 69,151 — Commercial real estate loans Multifamily 484 484 — Total commercial real estate loans 484 484 — Commercial and industrial loans Owner occupied commercial real estate 1,186 1,520 — Commercial business 747 1,409 — Total commercial and industrial loans 1,933 2,929 — $ 71,114 $ 72,564 $ — With an allowance recorded: Consumer loans Single family $ 1,673 $ 1,682 $ 80 Home equity and other 484 484 39 Total consumer loans 2,157 2,166 119 Commercial and industrial loans Commercial business 573 606 9 Total commercial and industrial loans 573 606 9 $ 2,730 $ 2,772 $ 128 Total: Consumer loans Single family (3) $ 69,806 $ 70,244 $ 80 Home equity and other 1,048 1,073 39 Total consumer loans 70,854 71,317 119 Commercial real estate loans Multifamily 484 484 — Total commercial real estate loans 484 484 — Commercial and industrial loans Owner occupied commercial real estate 1,186 1,520 — Commercial business 1,320 2,015 9 Total commercial and industrial loans 2,506 3,535 9 Total impaired loans $ 73,844 $ 75,336 $ 128 (1) Includes partial charge-offs and nonaccrual interest paid and purchase discounts and premiums. (2) Unpaid principal balance does not include partial charge-offs, purchase discounts and premiums or nonaccrual interest paid. Related allowance is calculated on net book balances not unpaid principal balances. (3) Includes $68.3 million in single family performing trouble debt restructurings ("TDRs"). At December 31, 2018 (in thousands) Recorded investment (1) Unpaid principal balance (2) Related allowance With no related allowance recorded: Consumer loans Single family (3) $ 66,725 $ 67,496 $ — Home equity and other 743 769 — Total consumer loans 67,468 68,265 — Commercial real estate loans Multifamily 492 492 — Construction/land development 726 726 — Total commercial real estate loans 1,218 1,218 — Commercial and industrial loans Owner occupied commercial real estate 1,220 1,543 — Commercial business 1,331 2,087 — Total commercial and industrial loans 2,551 3,630 — $ 71,237 $ 73,113 $ — With an allowance recorded: Consumer loans Single family $ 850 $ 850 $ 66 Home equity and other 494 494 41 Total consumer loans 1,344 1,344 107 Commercial and industrial loans Commercial business 503 503 126 Total commercial and industrial loans 503 503 126 $ 1,847 $ 1,847 $ 233 Total: Consumer loans Single family (3) $ 67,575 $ 68,346 $ 66 Home equity and other 1,237 1,263 41 Total consumer loans 68,812 69,609 107 Commercial real estate loans Multifamily 492 492 — Construction/land development 726 726 — Total commercial real estate loans 1,218 1,218 — Commercial and industrial loans Owner occupied commercial real estate 1,220 1,543 — Commercial business 1,834 2,590 126 Total commercial and industrial loans 3,054 4,133 126 Total impaired loans $ 73,084 $ 74,960 $ 233 (1) Includes partial charge-offs and nonaccrual interest paid and purchase discounts and premiums. (2) Unpaid principal balance does not include partial charge-offs, purchase discounts and premiums or nonaccrual interest paid. Related allowance is calculated on net book balances not unpaid principal balances. (3) Includes $65.8 million in single family performing TDRs. The following tables provide the average recorded investment and interest income recognized on impaired loans by portfolio segment and class. Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 69,664 $ 720 $ 68,188 $ 657 Home equity and other 1,086 14 1,263 19 Total consumer loans 70,750 734 69,451 676 Commercial real estate loans Non-owner occupied commercial real estate 6 — — — Multifamily 486 7 792 6 Construction/land development 2,338 — 628 6 Total commercial real estate loans 2,830 7 1,420 12 Commercial and industrial loans Owner occupied commercial real estate 4,112 19 2,057 19 Commercial business 1,679 9 2,405 29 Total commercial and industrial loans 5,791 28 4,462 48 $ 79,371 $ 769 $ 75,333 $ 736 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 68,968 $ 1,426 $ 70,525 $ 1,310 Home equity and other 1,136 32 1,272 38 Total consumer loans 70,104 1,458 71,797 1,348 Commercial real estate loans Non-owner occupied commercial real estate 4 — — — Multifamily 488 14 797 12 Construction/land development 1,800 — 570 11 Total commercial real estate loans 2,292 14 1,367 23 Commercial and industrial loans Owner occupied commercial real estate 3,148 112 2,367 55 Commercial business 1,731 20 2,639 66 Total commercial and industrial loans 4,879 132 5,006 121 $ 77,275 $ 1,604 $ 78,170 $ 1,492 Credit Quality Indicators Management regularly reviews loans in the portfolio to assess credit quality indicators and to determine appropriate loan classification and grading in accordance with applicable bank regulations. The Company's risk rating methodology assigns risk ratings ranging from 1 to 10, where a higher rating represents higher risk. The Company differentiates its lending portfolios into homogeneous loans and non-homogeneous loans. The 10 risk rating categories can be generally described by the following groupings for non-homogeneous loans: Pass. We have five pass risk ratings which represent a level of credit quality that ranges from no well-defined deficiency or weakness to some noted weakness. However, the risk of default on any loan classified as pass is expected to be remote. The five pass risk ratings are described below: Minimal Risk . A minimal risk loan, risk rated 1-Exceptional, is to a borrower of the highest quality. The borrower has an unquestioned ability to produce consistent profits and service all obligations and can absorb severe market disturbances with little or no difficulty. Low Risk. A low risk loan, risk rated 2-Superior, is similar in characteristics to a minimal risk loan. Balance sheet and operations are slightly more prone to fluctuations within the business cycle; however, debt capacity and debt service coverage remains strong. The borrower will have a strong demonstrated ability to produce profits and absorb market disturbances. Modest Risk. A modest risk loan, risk rated 3-Excellent, is a desirable loan with excellent sources of repayment and no currently identifiable risk associated with collection. The borrower exhibits a very strong capacity to repay the loan in accordance with the repayment agreement. The borrower may be susceptible to economic cycles, but will have cash reserves to weather these cycles. Average Risk. An average risk loan, risk rated 4-Good, is an attractive loan with sound sources of repayment and no material collection or repayment weakness evident. The borrower has an acceptable capacity to pay in accordance with the agreement. The borrower is susceptible to economic cycles and more efficient competition, but should have modest reserves sufficient to survive all but the most severe downturns or major setbacks. Acceptable Risk. An acceptable risk loan, risk rated 5-Acceptable, is a loan with lower than average, but still acceptable credit risk. These borrowers may have higher leverage, less certain but viable repayment sources, have limited financial reserves and may possess weaknesses that can be adequately mitigated through collateral, structural or credit enhancement. The borrower is susceptible to economic cycles and is less resilient to negative market forces or financial events. Reserves may be insufficient to survive a modest downturn. Watch. A watch loan, risk rated 6-Watch, is still pass-rated, but represents the lowest level of acceptable risk due to an emerging risk element or declining performance trend. Watch ratings are expected to be temporary, with issues resolved or manifested to the extent that a higher or lower rating would be appropriate. The borrower should have a plausible plan, with reasonable certainty of success, to correct the problems in a short period of time. Borrowers rated watch are characterized by elements of uncertainty, such as: • The borrower may be experiencing declining operating trends, strained cash flows or less-than anticipated financial performance. Cash flow should still be adequate to cover debt service, and the negative trends should be identified as being of a short-term or temporary nature. • The borrower may have experienced a minor, unexpected covenant violation. • The borrower may be experiencing tight working capital or have a cash cushion deficiency. • A loan may also be a watch if financial information is late, there is a documentation deficiency, the borrower has experienced unexpected management turnover, or if it faces industry issues that, when combined with performance factors create uncertainty in its future ability to perform. • Delinquent payments, increasing and material overdraft activity, request for bulge and/or out-of-formula advances may be an indicator of inadequate working capital and may suggest a lower rating. • Failure of the intended repayment source to materialize as expected, or renewal of a loan (other than cash/marketable security secured or lines of credit) without reduction are possible indicators of a watch or worse risk rating. Special Mention. A special mention loan, risk rated 7-Special Mention, has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loans or the institution's credit position at some future date. Loans in this category contain unfavorable characteristics and are generally undesirable. They are currently protected but are potentially weak and constitute an undue and unwarranted credit risk, but not to the point of a substandard classification. A special mention loan has potential weaknesses, which if not checked or corrected, weaken the loan or inadequately protect the Company's position at some future date. Such weaknesses include: • Performance is poor or significantly less than expected. There may be a temporary debt-servicing deficiency or inadequate working capital as evidenced by a cash cushion deficiency, but not to the extent that repayment is compromised. Material violation of financial covenants is common. • Loans with unresolved material issues that significantly cloud the debt service outlook, even though a debt servicing deficiency does not currently exist. • Modest underperformance or deviation from plan for real estate loans where absorption of rental/sales units is necessary to properly service the debt as structured. Depth of support for interest carry provided by owner/guarantors may mitigate and provide for improved rating. • This rating may be assigned when a loan officer is unable to supervise the credit properly, or when there is an inadequate loan agreement, an inability to control collateral, failure to obtain proper documentation, or any other deviation from prudent lending practices. • Unlike a substandard credit, there should be a reasonable expectation that these temporary issues will be corrected within the normal course of business, rather than through liquidation of assets, and in a reasonable period of time. Substandard. A substandard loan, risk rated 8-Substandard, is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the loan. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans classified substandard. Loans are classified as substandard when they have unsatisfactory characteristics causing unacceptable levels of risk. A substandard loan normally has one or more well-defined weaknesses that could jeopardize repayment of the loan. The likely need to liquidate assets to correct the problem, rather than repayment from successful operations, is the key distinction between special mention and substandard. The following are examples of well-defined weaknesses: • Cash flow deficiencies or trends are of a magnitude to jeopardize current and future payments with no immediate relief. A loss is not presently expected, however the outlook is sufficiently uncertain to preclude ruling out the possibility. • The borrower has been unable to adjust to prolonged and unfavorable industry or economic trends. • Material underperformance or deviation from plan for real estate loans where absorption of rental/sales units is necessary to properly service the debt and risk is not mitigated by willingness and capacity of owner/guarantor to support interest payments. • Management character or honesty has become suspect. This includes instances where the borrower has become uncooperative. • Due to unprofitable or unsuccessful business operations, some form of restructuring of the business, including liquidation of assets, has become the primary source of loan repayment. Cash flow has deteriorated, or been diverted, to the point that sale of collateral is now the Company's primary source of repayment (unless this was the original source of repayment). If the collateral is under the Company's control and is cash or other liquid, highly marketable securities and properly margined, then a more appropriate rating might be special mention or watch. • The borrower is involved in bankruptcy proceedings where collateral liquidation values are expected to fully protect the Company against loss. • There is material, uncorrectable faulty documentation or materially suspect financial information. Doubtful. Loans classified as doubtful, risk rated 9-Doubtful, have all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work towards strengthening the loan, classification as a loss (and immediate charge-off) is deferred until more exact status may be determined. Pending factors include proposed merger, acquisition, liquidation procedures, capital injection, and perfection of liens on additional collateral and refinancing plans. In certain circumstances, a doubtful rating will be temporary, while the Company is awaiting an updated collateral valuation. In these cases, once the collateral is valued and appropriate margin applied, the remaining uncollateralized portion will be charged-off. The remaining balance, properly margined, may then be upgraded to substandard, however must remain on non-accrual. Loss. Loans classified as loss, risk rated 10-Loss, are considered uncollectible and of such little value that the continuance as an active Company asset is not warranted. This rating does not mean that the loan has no recovery or salvage value, but rather that the loan should be charged-off now, even though partial or full recovery may be possible in the future. Homogeneous loans maintain their original risk rating until they are greater than 30 days past due, and risk rating reclassification is based primarily on the past due status of the loan. The risk rating categories can be generally described by the following groupings for commercial and commercial real estate homogeneous loans: Watch. A homogeneous watch loan, risk rated 6, is 60-89 days past due from the required payment date at month-end. Special Mention. A homogeneous special mention loan, risk rated 7, is less than 90 days past due from the required payment date at month-end. S ubstandard. A homogeneous substandard loan, risk rated 8, is more than 90 days or more past due from the required payment date at month-end. Loss. A homogeneous loss loan, risk rated 10, is 120 days or more past due from the required payment date for non-real estate secured closed-end loans or 180 days or more past due from the required payment date for open-end loans and all loans secured by real estate. These loans are generally charged off in the month in which the applicable time period elapses. The risk rating categories can be generally described by the following groupings for residential and home equity and other homogeneous loans: Watch. A homogeneous retail watch loan, risk rated 6, is 60-89 days past due from the required payment date at month-end. Substandard. A homogeneous retail substandard loan, risk rated 8, is 90-180 days past due from the required payment date at month-end. Loss. A homogeneous retail loss loan, risk rated 10, is past due 180 cumulative days or more from the contractual due date. These loans are generally charged-off in the month in which the 180 day period elapses. Residential and home equity loans modified in a troubled debt restructure are not considered homogeneous. The risk rating classification for such loans are based on the non-homogeneous definitions noted above. The following tables summarize designated loan grades by loan portfolio segment and loan class. At June 30, 2019 (in thousands) Pass Watch Special mention Substandard Total Consumer loans Single family $ 1,243,250 (1) $ 1,829 $ 6,991 $ 7,316 $ 1,259,386 Home equity and other 586,177 157 873 925 588,132 Total consumer loans 1,829,427 1,986 7,864 8,241 1,847,518 Commercial real estate loans Non-owner occupied commercial real estate 764,518 2,929 — — 767,447 Multifamily 992,010 3,594 — — 995,604 Construction/land development 740,562 21,521 16,879 69 779,031 Total commercial real estate loans 2,497,090 28,044 16,879 69 2,542,082 Commercial and industrial loans Owner occupied commercial real estate 435,604 27,030 6,217 2,135 470,986 Commercial business 407,808 18,036 16,007 2,151 444,002 Total commercial and industrial loans 843,412 45,066 22,224 4,286 914,988 $ 5,169,929 $ 75,096 $ 46,967 $ 12,596 $ 5,304,588 (1) Includes $4.5 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations. At December 31, 2018 (in thousands) Pass Watch Special mention Substandard Total Consumer loans Single family $ 1,338,025 (1) $ 2,882 $ 8,775 $ 8,493 $ 1,358,175 Home equity and other 569,370 95 510 948 570,923 Total consumer loans 1,907,395 2,977 9,285 9,441 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 695,077 1,426 5,425 — 701,928 Multifamily 903,897 3,626 492 — 908,015 Construction/land development 767,113 21,531 1,084 4,816 794,544 Total commercial real estate loans 2,366,087 26,583 7,001 4,816 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 392,273 22,928 11,087 2,870 429,158 Commercial business 299,225 14,331 15,427 2,021 331,004 Total commercial and industrial loans 691,498 37,259 26,514 4,891 760,162 $ 4,964,980 $ 66,819 $ 42,800 $ 19,148 $ 5,093,747 (1) Includes $4.1 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations. As of June 30, 2019 and December 31, 2018 , none of the Company's loans were rated Doubtful or Loss. For a detailed discussion on credit quality, see Note 5, Loans and Credit Quality , within our 2018 Annual Report on Form 10-K. Nonaccrual and Past Due Loans Loans are placed on nonaccrual status when the full and timely collection of principal and interest is doubtful, generally when the loan becomes 90 days or more past due for principal or interest payment or if part of the principal balance has been charged off. Loans whose repayments are insured by the Federal Housing Administration ("FHA") or guaranteed by the Veterans Administration ("VA") are generally maintained on accrual status even if 90 days or more past due. The following tables present an aging analysis of past due loans by loan portfolio segment and loan class. At June 30, 2019 (in thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total loans 90 days or more past due and accruing Consumer loans Single family $ 4,154 $ 3,299 $ 32,580 $ 40,033 $ 1,219,353 (1) $ 1,259,386 $ 25,264 (2) Home equity and other 49 157 924 1,130 587,002 588,132 — Total consumer loans 4,203 3,456 33,504 41,163 1,806,355 1,847,518 25,264 Commercial real estate loans Non-owner occupied commercial real estate — — — — 767,447 767,447 — Multifamily — — — — 995,604 995,604 — Construction/land development — — 69 69 778,962 779,031 — Total commercial real estate loans — —

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2019
Banking and Thrift [Abstract]
DEPOSITS	DEPOSITS: Deposit balances, including stated rates, were as follows. (in thousands) At June 30, At December 31, Noninterest-bearing accounts (1) $ 996,185 $ 914,154 NOW accounts, 0.00% to 1.44% at June 30, 2019 and December 31, 2018 444,130 376,137 Statement savings accounts, due on demand, 0.05% to 1.13% at June 30, 2019 and December 31, 2018 227,762 245,795 Money market accounts, due on demand, 0.00% to 2.40% at June 30, 2019 and December 31, 2018 1,995,244 1,935,516 Certificates of deposit, 0.10% to 3.80% at June 30, 2019 and December 31, 2018 2,060,376 1,579,806 $ 5,723,697 $ 5,051,408 (1) Includes $132.8 million and $162.8 million in servicing deposits related to discontinued operations at June 30, 2019 and December 31, 2018 , respectively. These deposits will be transferred to the MSR buyers upon transfer of the loan servicing. Interest expense on deposits was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 NOW accounts $ 394 $ 430 $ 769 $ 870 Statement savings accounts 137 217 286 446 Money market accounts 6,890 4,064 12,693 7,523 Certificates of deposit 9,519 4,851 17,504 8,511 $ 16,940 $ 9,562 $ 31,252 $ 17,350 The weighted-average interest rates on certificates of deposit were 2.30% and 1.87% at June 30, 2019 and December 31, 2018 , respectively. Certificates of deposit outstanding mature as follows. (in thousands) At June 30, Within one year $ 1,642,905 One to two years 339,683 Two to three years 47,011 Three to four years 17,424 Four to five years 12,960 Thereafter 393 $ 2,060,376 The aggregate amount of time deposits in denominations of more than $250 thousand at June 30, 2019 and December 31, 2018 were $206.8 million and $85.3 million , respectively. There were $757.9 million and $786.1 million of brokered deposits at June 30, 2019 and December 31, 2018 , respectively.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	DERIVATIVES AND HEDGING ACTIVITIES: To reduce the risk of significant interest rate fluctuations on the value of certain assets and liabilities, such as certain mortgage loans held for sale or MSRs, the Company utilizes derivatives, such as forward sale commitments, futures, option contracts, interest rate swaps and interest rate swaptions as risk management instruments in its hedging strategy. Derivative transactions are measured in terms of notional amount, which is not recorded in the consolidated statements of financial condition. The notional amount is generally not exchanged and is used as the basis for interest and other contractual payments. We held no derivatives designated as a fair value, cash flow or foreign currency hedge instrument at June 30, 2019 or December 31, 2018 . Derivatives are reported at their respective fair values in the other assets or accounts payable and other liabilities line items on the consolidated statements of financial condition, with changes in fair value reflected in current period earnings. As permitted under U.S. GAAP, the Company nets derivative assets and liabilities when a legally enforceable master netting agreement exists between the Company and the derivative counterparty, which are documented under industry standard master agreements and credit support annexes. The Company's master netting agreements provide that following an uncured payment default or other event of default, the non-defaulting party may promptly terminate all transactions between the parties and determine a net amount due to be paid to, or by, the defaulting party. An event of default may also occur under a credit support annex if a party fails to make a collateral delivery (which remains uncured following applicable notice and grace periods). The Company's right of offset requires that master netting agreements are legally enforceable and that the exercise of rights by the non-defaulting party under these agreements will not be stayed or avoided under applicable law upon an event of default, including bankruptcy, insolvency or similar proceeding. The collateral used under the Company's master netting agreements is typically cash, but securities may be used under agreements with certain counterparties. Receivables related to cash collateral that has been paid to counterparties is included in other assets on the Company's consolidated statements of financial condition. Any securities pledged to counterparties as collateral remain on the consolidated statements of financial condition. Refer to Note 3, Investment Securities, for further information on securities collateral pledged. At June 30, 2019 and December 31, 2018 , the Company did not hold any collateral received from counterparties under derivative transactions. For further information on the policies that govern derivative and hedging activities, see Note 1, Summary of Significant Accounting Policies, and Note 11, Derivatives and Hedging Activities, within our 2018 Annual Report on Form 10-K. The notional amounts and fair values for derivatives consist of the following. At June 30, 2019 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 1,947,212 $ 2,361 $ (3,652 ) Interest rate swaptions 21,000 485 — Interest rate lock and purchase loan commitments 423,414 8,666 (42 ) Interest rate swaps 421,369 22,418 (7,354 ) Eurodollar futures 1,291,000 49 — Total derivatives before netting $ 4,103,995 33,979 (11,048 ) Netting adjustment/Cash collateral (1) (6,035 ) 10,746 Carrying value on consolidated statements of financial condition (2) $ 27,944 $ (302 ) At December 31, 2018 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 1,334,947 $ 3,025 $ (5,340 ) Interest rate swaptions 34,000 203 — Interest rate lock and purchase loan commitments 390,558 10,289 (5 ) Interest rate swaps 803,652 14,566 (11,549 ) Eurodollar futures 3,135,000 — (110 ) Total derivatives before netting $ 5,698,157 28,083 (17,004 ) Netting adjustment/Cash collateral (1) (8,329 ) 12,517 Carrying value on consolidated statements of financial condition (2) $ 19,754 $ (4,487 ) (1) Includes cash collateral of $4.7 million and $4.2 million at June 30, 2019 and December 31, 2018 , as part of netting adjustments which primarily consists of collateral transferred by the Company at the initiation of derivative transactions and held by the counterparty as security. (2) Includes both continuing and discontinued operations. The following tables present gross and net information about derivative instruments. At June 30, 2019 (in thousands) Gross fair value Netting adjustments/ Cash collateral (1) Carrying value Securities not offset in consolidated balance sheet (disclosure-only netting) Net amount Derivative assets $ 33,979 $ (6,035 ) $ 27,944 $ — $ 27,944 Derivative liabilities (11,048 ) 10,746 (302 ) — (302 ) At December 31, 2018 (in thousands) Gross fair value Netting adjustments/ Cash collateral (1) Carrying value Securities not offset in consolidated balance sheet (disclosure-only netting) Net amount Derivative assets $ 28,083 $ (8,329 ) $ 19,754 $ — $ 19,754 Derivative liabilities (17,004 ) 12,517 (4,487 ) 3,223 (1,264 ) (1) Includes cash collateral of $4.7 million and $4.2 million at June 30, 2019 and December 31, 2018 , respectively, as part of the netting adjustments which primarily consists of collateral transferred by the Company at the initiation of derivative transactions and held by the counterparty as security. The following table presents the net gain (loss) recognized on derivatives, including economic hedge derivatives, within the respective line items in the statement of operations for the periods indicated. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Recognized in noninterest income: (1) Net (loss) gain on loan origination and sale activities (2) $ (11,245 ) $ 2,957 $ (11,099 ) $ 17,082 Loan servicing income (loss) (3) 7,194 (12,188 ) 10,877 (43,165 ) Other (4) 25 — 34 — $ (4,026 ) $ (9,231 ) $ (188 ) $ (26,083 ) (1) Includes both continuing and discontinued operations. (2) Comprised of interest rate lock commitments ("IRLCs") and forward contracts used as an economic hedge of IRLCs and single family mortgage loans held for sale. (3) Comprised of interest rate swaps, interest rate swaptions, futures and forward contracts used as an economic hedge of single family MSRs. (4) Comprised of interest rate swaps used as an economic hedge of loans held for investment.

MORTGAGE BANKING OPERATIONS

MORTGAGE BANKING OPERATIONS	6 Months Ended
	Jun. 30, 2019
Mortgage Banking [Abstract]
MORTGAGE BANKING OPERATIONS	MORTGAGE BANKING OPERATIONS: Loans held for sale consisted of the following. (in thousands) At June 30, At December 31, Single family (1) $ 401,805 $ 321,868 Multifamily DUS ® (2) 51,212 21,974 Small Business Administration ("SBA") 1,595 3,165 CRE-Non-DUS ® (1) 10,878 — Total loans held for sale (1) $ 465,490 $ 347,007 (1) Includes loans from discontinued operations of $320.2 million and $269.7 million at June 30, 2019 and December 31, 2018 , respectively. (2) Fannie Mae Multifamily Delegated Underwriting and Servicing Program ("DUS" ® ) is a registered trademark of Fannie Mae. Loans sold proceeds consisted of the following. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Single family $ 1,393,848 $ 1,629,745 $ 2,387,467 $ 3,180,469 Multifamily DUS ® (1) 22,984 54,621 44,911 87,597 SBA 1,669 3,622 8,778 7,314 CRE-Non-DUS ® (1)(2) 127,009 114,650 262,044 114,650 Single family (2) 60,216 138,603 71,446 138,603 Total loans sold $ 1,605,726 $ 1,941,241 $ 2,774,646 $ 3,528,633 (1) Fannie Mae Multifamily DUS ® is a registered trademark of Fannie Mae. (2) Loans originated as held for investment. Gain on loan origination and sale activities, including the effects of derivative risk management instruments, consisted of the following. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Single family: Servicing value and secondary market gains (1) $ 29,139 $ 48,182 $ 60,982 $ 89,609 Loan origination and funding fees 4,420 6,158 8,065 11,603 Total single family 33,559 54,340 69,047 101,212 Multifamily DUS ® (2) 659 1,613 1,193 2,759 SBA 132 385 507 686 CRE-Non-DUS ® (2)(3) 2,035 800 3,786 800 Single family (3) (10 ) (89 ) (63 ) (89 ) Total gain on loan origination and sale activities (4) $ 36,375 $ 57,049 $ 74,470 $ 105,368 (1) Comprised of gains and losses on interest rate lock and purchase loan commitments (which considers the value of servicing), single family loans held for sale, forward sale commitments used to economically hedge secondary market activities, and changes in the Company's repurchase liability for loans that have been sold. (2) Fannie Mae Multifamily DUS ® is a registered trademark of Fannie Mae. (3) Loans originated as held for investment. (4) Includes $24.2 million and $54.3 million from discontinued operations for three months ended June 30, 2019 and 2018 and $59.7 million and $101.2 million for the six months ended 2019 and 2018 , respectively. The Company's portfolio of loans serviced for others is primarily comprised of loans held in U.S. government and agency MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae. Loans serviced for others are not included in the consolidated statements of financial condition as they are not assets of the Company. The composition of loans serviced for others that contribute to loan servicing income is presented below at the unpaid principal balance. (in thousands) At June 30, At December 31, Single family (1) U.S. government and agency $ 6,204,566 $ 19,541,450 Other 586,389 610,285 6,790,955 20,151,735 Commercial Multifamily DUS ® (2) 1,452,103 1,458,020 Other 83,419 84,457 1,535,522 1,542,477 Total loans serviced for others $ 8,326,477 $ 21,694,212 (1) Includes both continuing and discontinued operations at December 31, 2018. (2) Fannie Mae Multifamily DUS ® is a registered trademark of Fannie Mae. The Company has made representations and warranties that the loans sold meet certain requirements. The Company may be required to repurchase mortgage loans or indemnify loan purchasers due to defects in the origination process of the loan, such as documentation errors, underwriting errors and judgments, appraisal errors, early payment defaults and fraud. For further information on the Company's mortgage repurchase liability, see Note 8, Commitments, Guarantees and Contingencies, of this Quarterly Report on Form 10-Q. The following is a summary of changes in the Company's liability for estimated mortgage repurchase losses. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 3,256 $ 2,665 $ 3,120 $ 3,015 Additions, net of adjustments (1) 251 (5 ) 504 605 Realized losses (2) (270 ) (156 ) (387 ) (1,116 ) Balance, end of period $ 3,237 $ 2,504 $ 3,237 $ 2,504 (1) Includes additions for new loan sales and changes in estimated probable future repurchase losses on previously sold loans. (2) Includes principal losses and accrued interest on repurchased loans, "make-whole" settlements, settlements with claimants and certain related expense. The Company has agreements with certain investors to advance scheduled principal and interest amounts on delinquent loans. Advances are also made to fund the foreclosure and collection costs of delinquent loans prior to the recovery of reimbursable amounts from investors or borrowers. Advances of $2.9 million and $2.5 million were recorded in other assets as of June 30, 2019 and December 31, 2018 , respectively. When the Company has the unilateral right to repurchase Ginnie Mae pool loans it has previously sold (generally loans that are more than 90 days past due), the Company records the loan on its consolidated statement of financial condition. At June 30, 2019 and December 31, 2018 , delinquent or defaulted mortgage loans currently in Ginnie Mae pools that the Company has recognized on its consolidated statements of financial condition totaled $9.5 million and $37.7 million , respectively, with a corresponding amount recorded within accounts payable and other liabilities on the consolidated statements of financial condition. The recognition of previously sold loans does not impact the accounting for the previously recognized MSRs. Revenue from mortgage servicing, including the effects of derivative risk management instruments, consisted of the following. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Servicing income, net: Servicing fees and other $ 6,066 $ 18,385 $ 23,423 $ 36,836 Changes in fair value of single family MSRs due to modeled amortization (1) (3,422 ) (9,400 ) (12,405 ) (18,270 ) Amortization of multifamily and SBA MSRs (1,102 ) (1,064 ) (2,478 ) (2,113 ) 1,542 7,921 8,540 16,453 Risk management, single family MSRs: Changes in fair value of MSRs due to changes in market inputs and/or model updates (2)(3) (9,414 ) 11,299 (14,692 ) 41,318 Net gain (loss) from derivatives economically hedging MSR 7,194 (12,188 ) 10,877 (43,165 ) (2,220 ) (889 ) (3,815 ) (1,847 ) Loan servicing income (4) $ (678 ) $ 7,032 $ 4,725 $ 14,606 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in market inputs, which include current market interest rates and prepayment model updates, both of which affect future prepayment speed and cash flow projections. (3) Includes pre-tax loss of $2.0 million and $1.3 million net of transaction costs and brokerage fees prepayment reserves, resulting from the sale of single family MSRs during the three and six months ended June 30, 2019 and pre-tax income of $573 thousand for the three and six months ended June 30, 2018 . (4) Includes $ (2.9) million and $6.1 million from discontinued operations for three months ended June 30, 2019 and 2018 and $1.5 million and $12.8 million for the six months ended 2019 and 2018 , respectively. All MSRs are initially measured and recorded at fair value at the time loans are sold. Single family MSRs are subsequently carried at fair value with changes in fair value reflected in earnings in the periods in which the changes occur, while multifamily and SBA MSRs are subsequently carried at the lower of amortized cost or fair value. The fair value of MSRs is determined based on the price that would be received to sell the MSRs in an orderly transaction between market participants at the measurement date. The Company determines fair value using a valuation model that calculates the net present value of estimated future cash flows. Estimates of future cash flows include contractual servicing fees, ancillary income and costs of servicing, the timing of which are impacted by assumptions, primarily expected prepayment speeds and discount rates, which relate to the underlying performance of the loans. The initial fair value measurement of MSRs is adjusted up or down depending on whether the underlying loan pool interest rate is at a premium, discount or par. Key economic assumptions used in measuring the initial fair value of capitalized single family MSRs were as follows. Three Months Ended June 30, Six Months Ended June 30, (rates per annum) (1) 2019 2018 2019 2018 Constant prepayment rate ("CPR") (2) 18.03 % 15.69 % 18.81 % 14.72 % Discount rate (3) 9.41 % 10.29 % 9.55 % 10.26 % (1) Weighted average rates for sales during the period for sales of loans with similar characteristics. (2) Represents the expected lifetime average. (3) Discount rate is a rate based on market observations. Key economic assumptions and the sensitivity of the current fair value for single family MSRs to immediate adverse changes in those assumptions were as follows. (dollars in thousands) At June 30, 2019 Fair value of single family MSR $ 67,723 Expected weighted-average life (in years) 4.78 Constant prepayment rate (1) 17.46 % Impact on fair value of 25 basis points adverse change in interest rates $ (4,896 ) Impact on fair value of 50 basis points adverse change in interest rates $ (9,574 ) Discount rate 9.30 % Impact on fair value of 100 basis points increase $ (2,093 ) Impact on fair value of 200 basis points increase $ (4,050 ) (1) Represents the expected lifetime average. These sensitivities are hypothetical and subject to key assumptions of the underlying valuation model. As the table above demonstrates, the Company's methodology for estimating the fair value of MSRs is highly sensitive to changes in key assumptions. For example, actual prepayment experience may differ and any difference may have a material effect on MSR fair value. Changes in fair value resulting from changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated without changing any other assumption; in reality, changes in one factor may be associated with changes in another (for example, decreases in market interest rates may provide an incentive to refinance; however, this may also indicate a slowing economy and an increase in the unemployment rate, which reduces the number of borrowers who qualify for refinancing), which may magnify or counteract the sensitivities. Thus, any measurement of MSR fair value is limited by the conditions existing and assumptions made as of a particular point in time. Those assumptions may not be appropriate if they are applied to a different point in time. In March 2019, the Company successfully closed and settled two sales of the rights to service an aggregate of $14.26 billion in total unpaid principal balance of single family mortgage loans serviced for Fannie Mae, Ginnie Mae and Freddie Mac representing 71% of HomeStreet's total single family mortgage loans serviced for others portfolio as of December 31, 2018. These sales resulted in a $2.0 million and $1.3 million pre-tax loss from discontinued operations for the three and six months ended June 30, 2019, respectively. The Company finalized the servicing transfer for a portion of these loans in the second quarter and will finalize the remainder in the third quarter of 2019. In connection with the MSR sales, the Company has an obligation to reimburse the buyers for loan prepayments 60 days beyond the sales date and has established a reserve for this expected amount. The changes in single family MSRs measured at fair value are as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 68,250 $ 294,062 $ 252,168 $ 258,560 Additions and amortization: Originations 10,184 16,673 17,471 31,026 Sale of single family MSRs — (66,890 ) (176,944 ) (66,890 ) Changes due to modeled amortization (1) (3,422 ) (9,400 ) (12,405 ) (18,270 ) Net additions and amortization 6,762 (59,617 ) (171,878 ) (54,134 ) Changes in fair value of MSRs due to changes in market inputs and/or model updates (2) (7,289 ) 11,299 (12,567 ) 41,318 Ending balance $ 67,723 $ 245,744 $ 67,723 $ 245,744 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in market inputs, which include current market interest rates and prepayment model updates, both of which affect future prepayment speed and cash flow projections. MSRs resulting from the sale of multifamily loans are recorded at fair value and subsequently carried at the lower of amortized cost or fair value. Multifamily MSRs are amortized in proportion to, and over, the estimated period the net servicing income will be collected. The changes in multifamily MSRs measured at the lower of amortized cost or fair value were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 27,692 $ 26,042 $ 28,326 $ 26,093 Origination 530 1,409 1,161 2,343 Amortization (995 ) (991 ) (2,260 ) (1,976 ) Ending balance $ 27,227 $ 26,460 $ 27,227 $ 26,460 At June 30, 2019 , the expected weighted-average remaining life of the Company's multifamily MSRs was 10.48 years . Projected amortization expense for the gross carrying value of multifamily MSRs is estimated as follows. (in thousands) At June 30, 2019 Remainder of 2019 $ 1,983 2020 3,908 2021 3,729 2022 3,486 2023 3,268 2024 2,992 2025 and thereafter 7,861 Carrying value of multifamily MSR $ 27,227

COMMITMENTS, GUARANTEES, AND CO

COMMITMENTS, GUARANTEES, AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, GUARANTEES AND CONTINGENCIES	COMMITMENTS, GUARANTEES AND CONTINGENCIES: Commitments Commitments to extend credit are agreements to lend to customers in accordance with predetermined contractual provisions. These commitments may be for specific periods or contain termination clauses and may require the payment of a fee by the borrower. The total amount of unused commitments does not necessarily represent future credit exposure or cash requirements in that commitments may expire without being drawn upon. The Company makes certain unfunded loan commitments as part of its lending activities that have not been recognized in the Company's financial statements. These include commitments to extend credit made as part of the Company's lending activities on loans the Company intends to hold in its held for investment portfolio. The aggregate amount of these unrecognized unfunded loan commitments existing at June 30, 2019 and December 31, 2018 was $45.3 million and $33.8 million , respectively. In the ordinary course of business, the Company extends secured and unsecured open-end loans to meet the financing needs of its customers. Undistributed construction loan commitments, where the Company has an obligation to advance funds for construction progress payments, were $474.5 million and $607.2 million at June 30, 2019 and December 31, 2018 , respectively. Unused home equity and commercial banking funding lines totaled $768.9 million and $662.1 million at June 30, 2019 and December 31, 2018 , respectively. The Company has recorded an allowance for credit losses on loan commitments, included in accounts payable and other liabilities on the consolidated statements of financial condition, of $1.4 million and $1.4 million at June 30, 2019 and December 31, 2018 , respectively. Guarantees In the ordinary course of business, the Company sells and services loans through the Fannie Mae Multifamily DUS ® program and shares in the risk of loss with Fannie Mae under the terms of the DUS ® contracts (pari passu loss sharing agreement). Under such agreements, the Company and Fannie Mae share losses on a pro rata basis, where the Company is responsible for losses incurred up to one-third of principal balance on each loan and with two-thirds of the loss covered by Fannie Mae. For loans that have been sold through this program, a liability is recorded for this loss sharing arrangement under the accounting guidance for guarantees. As of June 30, 2019 and December 31, 2018 , the total unpaid principal balance of loans sold under this program was $1.45 billion and $1.46 billion , respectively. The Company's reserve liability related to this arrangement totaled $2.7 million and $2.5 million at June 30, 2019 and December 31, 2018 , respectively. There were no actual losses incurred under this arrangement during the three and six months ended June 30, 2019 and 2018 . Mortgage Repurchase Liability In the ordinary course of business, the Company sells residential mortgage loans to GSEs and other entities. In addition, the Company pools FHA-insured and VA-guaranteed mortgage loans into Ginnie Mae Securities guaranteed mortgage-backed securities. The Company has made representations and warranties that the loans sold meet certain requirements. The Company may be required to repurchase mortgage loans or indemnify loan purchasers due to defects in the origination process of the loan, such as documentation errors, underwriting errors and judgments, early payment defaults and fraud. These obligations expose the Company to mark-to-market and credit losses on the repurchased mortgage loans after accounting for any mortgage insurance that we may receive. Generally, the maximum amount of future payments the Company would be required to make for breaches of these representations and warranties would be equal to the unpaid principal balance of such loans that are deemed to have defects that were sold to purchasers plus, in certain circumstances, accrued and unpaid interest on such loans and certain expenses. The Company does not typically receive repurchase requests from the FHA or VA. As an originator of FHA-insured or VA-guaranteed loans, the Company is responsible for obtaining the insurance with FHA or the guarantee with the VA. If loans are later found not to meet the requirements of FHA or VA, through required internal quality control reviews or through agency audits, the Company may be required to indemnify FHA or VA against losses. The loans remain in Ginnie Mae pools unless and until they are repurchased by the Company. In general, once an FHA or VA loan becomes 90 days past due, the Company repurchases the FHA or VA residential mortgage loan to minimize the cost of interest advances on the loan. If the loan is cured through borrower efforts or through loss mitigation activities, the loan may be resold into a Ginnie Mae pool. The Company's liability for mortgage loan repurchase losses incorporates probable losses associated with such indemnification. The total unpaid principal balance of loans sold on a servicing-retained basis that were subject to the terms and conditions of these representations and warranties totaled $6.87 billion and $20.24 billion as of June 30, 2019 and December 31, 2018 , respectively. At June 30, 2019 and December 31, 2018 , the Company had recorded a mortgage repurchase liability for loans sold on a servicing-retained and servicing-released basis, included in accounts payable and other liabilities on the consolidated statements of financial condition, of $3.2 million and $3.1 million , respectively. Contingencies In the normal course of business, the Company may have various legal claims and other similar contingent matters outstanding for which a loss may be realized. For these claims, the Company establishes a liability for contingent losses when it is probable that a loss has been incurred and the amount of loss can be reasonably estimated. For claims determined to be reasonably possible but not probable of resulting in a loss, there may be a range of possible losses in excess of the established liability. At June 30, 2019, we reviewed our legal claims and determined that there were no material claims that were considered to be probable or reasonably possible of resulting in a material loss. As a result, the Company did not have any material amounts reserved for legal claims as of June 30, 2019.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT: For a further discussion of fair value measurements, including information regarding the Company's valuation methodologies and the fair value hierarchy, see Note 18, Fair Value Measurement within our 2018 Annual Report on Form 10-K. Valuation Processes The Company has various processes and controls in place to ensure that fair value measurements are reasonably estimated. The Finance Committee of the Board provides oversight and approves the Company's Asset/Liability Management Policy ("ALMP"). The Company's ALMP governs, among other things, the application and control of the valuation models used to measure fair value. On a quarterly basis, the Company's Asset/Liability Management Committee ("ALCO") and the Finance Committee of the Board review significant modeling variables used to measure the fair value of the Company's financial instruments, including the significant inputs used in the valuation of single family MSRs. Additionally, ALCO periodically obtains an independent review of the MSR valuation process and procedures, including a review of the model architecture and the valuation assumptions. The Company obtains an MSR valuation from an independent valuation firm monthly to assist with the validation of the fair value estimate and the reasonableness of the assumptions used in measuring fair value. The Company's real estate valuations are overseen by the Company's appraisal department, which is independent of the Company's lending and credit administration functions. The appraisal department maintains the Company's appraisal policy and recommends changes to the policy subject to approval by the Company's Loan Committee and the Credit Committee of the Board. The Company's appraisals are prepared by independent third-party appraisers and the Company's internal appraisers. Single family appraisals are generally reviewed by the Company's single family loan underwriters. Single family appraisals with unusual, higher risk or complex characteristics, as well as commercial real estate appraisals, are reviewed by the Company's appraisal department. We obtain pricing from third party service providers for determining the fair value of a substantial portion of our investment securities available for sale. We have processes in place to evaluate such third party pricing services to ensure information obtained and valuation techniques used are appropriate. For fair value measurements obtained from third party services, we monitor and review the results to ensure the values are reasonable and in line with market experience for similar classes of securities. While the inputs used by the pricing vendor in determining fair value are not provided, and therefore unavailable for our review, we do perform certain procedures to validate the values received, including comparisons to other sources of valuation (if available), comparisons to other independent market data and a variance analysis of prices by Company personnel that are not responsible for the performance of the investment securities. Estimation of Fair Value Fair value is based on quoted market prices, when available. In cases where a quoted price for an asset or liability is not available, the Company uses valuation models to estimate fair value. These models incorporate inputs such as forward yield curves, loan prepayment assumptions, expected loss assumptions, market volatilities, and pricing spreads utilizing market-based inputs where readily available. The Company believes its valuation methods are appropriate and consistent with those that would be used by other market participants. However, imprecision in estimating unobservable inputs and other factors may result in these fair value measurements not reflecting the amount realized in an actual sale or transfer of the asset or liability in a current market exchange. The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions, and classification of the Company's assets and liabilities. Asset/Liability class Valuation methodology, inputs and assumptions Classification Investment securities Investment securities available for sale Observable market prices of identical or similar securities are used where available. Level 2 recurring fair value measurement. If market prices are not readily available, value is based on discounted cash flows using the following significant inputs: • Expected prepayment speeds • Estimated credit losses • Market liquidity adjustments Level 3 recurring fair value measurement. Loans held for sale Single family loans, excluding loans transferred from held for investment Fair value is based on observable market data, including: • Quoted market prices, where available • Dealer quotes for similar loans • Forward sale commitments Level 2 recurring fair value measurement. When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs: • Benchmark yield curve • Estimated discount spread to the benchmark yield curve • Expected prepayment speeds Estimated fair value classified as Level 3. Mortgage servicing rights Single family MSRs For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 7 , Mortgage Banking Operations . Level 3 recurring fair value measurement. Derivatives Eurodollar futures Fair value is based on closing exchange prices. Level 1 recurring fair value measurement. Interest rate swaps Interest rate swaptions Forward sale commitments Fair value is based on quoted prices for identical or similar instruments, when available. Level 2 recurring fair value measurement. Interest rate lock and purchase loan commitments The fair value considers several factors including: • Fair value of the underlying loan based on quoted prices in the secondary market, when available. • Value of servicing • Fall-out factor Level 3 recurring fair value measurement. The following table presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a recurring basis. (in thousands) Fair Value at June 30, 2019 Level 1 Level 2 Level 3 Assets: Investment securities available for sale Mortgage backed securities: Residential $ 110,021 $ — $ 108,132 $ 1,889 Commercial 30,428 — 30,428 — Collateralized mortgage obligations: Residential 157,064 — 157,064 — Commercial 124,579 — 124,579 — Municipal bonds 357,097 — 357,097 — Corporate debt securities 18,897 — 18,805 92 U.S. Treasury securities 1,311 — 1,311 — Agency debentures — — — — Single family mortgage servicing rights 67,723 — — 67,723 Single family loans held for sale (1) 401,805 — 397,378 4,427 Single family loans held for investment 4,475 — — 4,475 Derivatives (1) Eurodollar futures 49 49 — — Forward sale commitments 2,361 — 2,361 — Interest rate swaptions 485 — 485 — Interest rate lock and purchase loan commitments 8,666 — — 8,666 Interest rate swaps 22,418 — 22,418 — Total assets $ 1,307,379 $ 49 $ 1,220,058 $ 87,272 Liabilities: Derivatives Forward sale commitments $ 3,652 $ — 3,652 $ — Interest rate lock and purchase loan commitments 42 — — 42 Interest rate swaps 7,354 — 7,354 — Total liabilities $ 11,048 $ — $ 11,006 $ 42 (1) Includes both continuing and discontinued operations. (in thousands) Fair Value at December 31, 2018 Level 1 Level 2 Level 3 Assets: Investment securities available for sale Mortgage backed securities: Residential $ 107,961 $ — $ 107,961 $ — Commercial 34,514 — 34,514 — Collateralized mortgage obligations: Residential 166,744 — 166,744 — Commercial 116,674 — 116,674 — Municipal bonds 385,655 — 385,655 — Corporate debt securities 19,995 — 19,995 — U.S. Treasury securities 10,900 — 10,900 — Agency debentures 9,525 — 9,525 — Single family mortgage servicing rights 252,168 — — 252,168 Single family loans held for sale 321,868 — 319,177 2,691 Single family loans held for investment 4,057 — — 4,057 Derivatives Forward sale commitments 3,025 — 3,025 — Interest rate swaptions 203 — 203 — Interest rate lock and purchase loan commitments 10,289 — — 10,289 Interest rate swaps 14,566 — 14,566 — Total assets $ 1,458,144 $ — $ 1,188,939 $ 269,205 Liabilities: Derivatives Eurodollar futures $ 110 $ 110 $ — $ — Forward sale commitments 5,340 — 5,340 — Interest rate lock and purchase loan commitments 5 — — 5 Interest rate swaps 11,550 — 11,550 — Total liabilities $ 17,005 $ 110 $ 16,890 $ 5 There were no transfers between levels of the fair value hierarchy during the three and six months ended June 30, 2019 and 2018 . Level 3 Recurring Fair Value Measurements The Company's Level 3 recurring fair value measurements consist of investment securities available for sale, single family MSRs, single family loans held for investment where fair value option was elected, certain single family loans held for sale, and interest rate lock and purchase loan commitments, which are accounted for as derivatives. For information regarding fair value changes and activity for single family MSRs during the three and six months ended June 30, 2019 and 2018 , see Note 7, Mortgage Banking Operations of this Form 10-Q. The fair value of interest rate lock commitments ("IRLCs") considers several factors, including the fair value in the secondary market of the underlying loan resulting from the exercise of the commitment, the expected net future cash flows related to the associated servicing of the loan (referred to as the value of servicing) and the probability that the commitment will not be converted into a funded loan (referred to as a fall-out factor). The fair value of IRLCs on loans held for sale, while based on interest rates observable in the market, is highly dependent on the ultimate closing of the loans. The significance of the fall-out factor to the fair value measurement of an individual IRLC is generally highest at the time that the rate lock is initiated and declines as closing procedures are performed and the underlying loan gets closer to funding. The fall-out factor applied is based on historical experience. The value of servicing is impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. Because these inputs are not observable in market trades, the fall-out factor and value of servicing are considered to be level 3 inputs. The fair value of IRLCs decreases in value upon an increase in the fall-out factor and increases in value upon an increase in the value of servicing. Changes in the fall-out factor and value of servicing do not increase or decrease based on movements in other significant unobservable inputs. The Company recognizes unrealized gains and losses from the time that an IRLC is initiated until the gain or loss is realized at the time the loan closes, which generally occurs within 30-90 days. For IRLCs that fall out, any unrealized gain or loss is reversed, which generally occurs at the end of the commitment period. The gains and losses recognized on IRLC derivatives generally correlates to volume of single family interest rate lock commitments made during the reporting period (after adjusting for estimated fallout) while the amount of unrealized gains and losses realized at settlement generally correlates to the volume of single family closed loans during the reporting period. The Company uses the discounted cash flow model to estimate the fair value of certain loans that have been transferred from held for sale to held for investment and single family loans held for sale when the fair value of the loans is not derived using observable market inputs. The key assumption in the valuation model is the implied spread to benchmark interest rate curve. The implied spread is not directly observable in the market and is derived from third party pricing which is based on market information from comparable loan pools. The fair value estimate of these certain single family loans that have been transferred from held for sale to held for investment and these certain single family loans held for sale is sensitive to changes in the benchmark interest rate which might result in a significantly higher or lower fair value measurement. The Company transferred certain loans from held for sale to held for investment. These loans were originated as held for sale loans where the Company had elected fair value option. The Company determined these loans to be level 3 recurring assets as the valuation technique included a significant unobservable input. The total amount of held for investment loans where fair value option election was made was $4.5 million and $4.1 million at June 30, 2019 and December 31, 2018 , respectively. The following information presents significant Level 3 unobservable inputs used to measure fair value of certain investment securities available for sale. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Investment securities available for sale (1) $ 1,981 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% (1) In conjunction with adopting ASU 2017-12 in the first quarter of 2019, we transferred $66.2 million HTM securities to AFS, therefore we did not have any similar activity in June 30, 2018 . The following information presents significant Level 3 unobservable inputs used to measure fair value of single family loans held for investment where fair value option was elected. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for investment, fair value option $ 4,475 Income approach Implied spread to benchmark interest rate curve 3.90% 5.25% 4.40% (dollars in thousands) At December 31, 2018 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for investment, fair value option $ 4,057 Income approach Implied spread to benchmark interest rate curve 3.34% 5.15% 4.20% The following information presents significant Level 3 unobservable inputs used to measure fair value of certain single family loans held for sale where fair value option was elected. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for sale, fair value option $ 4,427 Income approach Implied spread to benchmark interest rate curve 4.57% 6.74% 5.43% Market price movement from comparable bond —% 0.31% 0.15% (dollars in thousands) At December 31, 2018 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for sale, fair value option $ 2,691 Income approach Implied spread to benchmark interest rate curve 4.26% 4.96% 4.40% Market price movement from comparable bond 0.71% 1.09% 0.90% The following information presents significant Level 3 unobservable inputs used to measure fair value of interest rate lock and purchase loan commitments. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Interest rate lock and purchase loan commitments, net $ 8,624 Income approach Fall-out factor —% 79.29% 12.30% Value of servicing 0.50% 1.59% 1.07% (dollars in thousands) At December 31, 2018 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Interest rate lock and purchase loan commitments, net $ 10,284 Income approach Fall-out factor —% 67.92% 19.84% Value of servicing 0.54% 1.64% 0.93% The following table present fair value changes and activity for Level 3 investment securities available for sale. Three Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale (1) $ 1,937 $ — $ — $ (40 ) $ 84 $ 1,981 (1) In conjunction with adopting ASU 2017-12 in the first quarter of 2019, we transferred $66.2 million HTM securities to AFS. Therefore we did not have any similar activity for three months ended June 30, 2018 . Six Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale (1) $ — $ — $ 2,379 $ (80 ) $ (318 ) $ 1,981 (1) In conjunction with adopting ASU 2017-12 in the first quarter of 2019, we transferred $66.2 million HTM securities to AFS. Therefore we did not have any similar activity for six months ended June 30, 2018 . The following tables present fair value changes and activity for Level 3 loans held for sale and loans held for investment. Three Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 4,525 $ 781 $ — $ (909 ) $ 30 $ 4,427 Loans held for investment 4,830 274 — (603 ) (26 ) 4,475 Three Months Ended June 30, 2018 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 3,326 $ 556 $ — $ (1,997 ) $ (62 ) $ 1,823 Loans held for investment 5,304 — — (1,114 ) (3 ) 4,187 Six Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 2,691 $ 2,667 $ — $ (909 ) $ (22 ) $ 4,427 Loans held for investment 4,057 999 — (606 ) 25 4,475 Six Months Ended June 30, 2018 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 1,336 $ 2,601 $ — $ (1,997 ) $ (117 ) $ 1,823 Loans held for investment 5,477 — — (1,114 ) (176 ) 4,187 The following table presents fair value changes and activity for Level 3 interest rate lock and purchase loan commitments. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance, net $ 14,056 $ 16,676 $ 10,284 $ 12,925 Total realized/unrealized gains 13,747 28,566 33,412 51,080 Settlements (19,179 ) (28,376 ) (35,072 ) (47,139 ) Ending balance, net $ 8,624 $ 16,866 $ 8,624 $ 16,866 Nonrecurring Fair Value Measurements Certain assets held by the Company are not included in the tables above, but are measured at fair value on a nonrecurring basis. These assets include certain loans held for investment and other real estate owned that are carried at the lower of cost or fair value of the underlying collateral, less the estimated cost to sell. The estimated fair values of real estate collateral are generally based on internal evaluations and appraisals of such collateral, which use the market approach and income approach methodologies. All impaired loans are subject to an internal evaluation completed quarterly by management as part of the allowance process. The fair value of commercial properties are generally based on third-party appraisals that consider recent sales of comparable properties, including their income-generating characteristics, adjusted (generally based on unobservable inputs) to reflect the general assumptions that a market participant would make when analyzing the property for purchase. The Company uses a fair value of collateral technique to apply adjustments to the appraisal value of certain commercial loans held for investment that are collateralized by real estate. The Company uses a fair value of collateral technique to apply adjustments to the stated value of certain commercial loans held for investment that are not collateralized by real estate. During the three and six months ended June 30, 2019 and 2018 , the Company did not apply any adjustment to the appraisal value of OREO. Residential properties are generally based on unadjusted third-party appraisals. Factors considered in determining the fair value include geographic sales trends, the value of comparable surrounding properties as well as the condition of the property. These adjustments include management assumptions that are based on the type of collateral dependent loan and may increase or decrease an appraised value. Management adjustments vary significantly depending on the location, physical characteristics and income producing potential of each individual property. The quality and volume of market information available at the time of the appraisal can vary from period-to-period and cause significant changes to the nature and magnitude of the unobservable inputs used. Given these variations, changes in these unobservable inputs are generally not a reliable indicator for how fair value will increase or decrease from period to period. The following tables present assets that had changes in their recorded fair value during the three and six months ended June 30, 2019 and 2018 and assets held at the end of the respective reporting period. At or for the Three Months Ended June 30, 2019 (in thousands) Fair Value of Assets Held at June 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 348 $ — $ — $ 348 $ (4 ) Total $ 348 $ — $ — $ 348 $ (4 ) At or for the Three Months Ended June 30, 2018 (in thousands) Fair Value of Assets Held at June 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,341 $ — $ — $ 1,341 $ (7 ) Total $ 1,341 $ — $ — $ 1,341 $ (7 ) At or for the Six Months Ended June 30, 2019 (in thousands) Fair Value of Assets Held at June 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 348 $ — $ — $ 348 $ (4 ) Total $ 348 $ — $ — $ 348 $ (4 ) At or for the Six Months Ended June 30, 2018 (in thousands) Fair Value of Assets Held at June 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,341 $ — $ — $ 1,341 $ (144 ) Total $ 1,341 $ — $ — $ 1,341 $ (144 ) (1) Represents the carrying value of loans for which adjustments are based on the fair value of the collateral. Fair Value of Financial Instruments The following presents the carrying value, estimated fair value and the levels of the fair value hierarchy for the Company's financial instruments other than assets and liabilities measured at fair value on a recurring basis. At June 30, 2019 (in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 99,602 $ 99,602 $ 99,602 $ — $ — Investment securities held to maturity 4,422 4,520 — 4,520 — Loans held for investment 5,283,384 5,415,713 — — 5,415,713 Loans held for sale – multifamily and other 52,808 52,808 — 52,808 — Mortgage servicing rights – multifamily 27,229 30,048 — — 30,048 Federal Home Loan Bank stock 24,048 24,048 — 24,048 — Liabilities: Time deposits $ 2,060,376 $ 2,069,651 $ — $ 2,069,651 $ — Federal Home Loan Bank advances 387,590 389,231 — 389,231 — Long-term debt 125,556 114,717 — 114,717 — At December 31, 2018 (in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 57,982 $ 57,982 $ 57,982 $ — $ — Investment securities held to maturity 71,285 70,546 — 70,546 — Loans held for investment 5,071,314 5,099,960 — — 5,099,960 Loans held for sale – multifamily and other 25,139 25,139 — 25,139 — Mortgage servicing rights – multifamily 28,328 31,168 — — 31,168 Federal Home Loan Bank stock 45,497 45,497 — 45,497 — Liabilities: Time deposits $ 1,579,806 $ 1,575,139 $ — $ 1,575,139 $ — Federal Home Loan Bank advances 932,590 935,021 — 935,021 — Federal funds purchased and securities sold under agreements to repurchase 19,000 19,021 19,021 — — Long-term debt 125,462 112,475 — 112,475 —

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE: The following table summarizes the calculation of earnings per share. Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share and per share data) 2019 2018 2019 2018 EPS numerator: Income from continuing operations $ 8,892 $ 4,171 $ 13,950 $ 5,925 Undistributed stock dividends share repurchase (283 ) — (283 ) — Allocated undistributed earnings in share repurchase (60 ) — (47 ) — Income from continuing operations available to common shareholders 8,549 4,171 13,620 5,925 (Loss) income from discontinued operations (14,480 ) 2,928 (21,253 ) 7,040 Net (loss) income $ (5,931 ) $ 7,099 $ (7,633 ) $ 12,965 EPS denominator: Weighted average shares: (2) Basic weighted-average number of common shares outstanding 26,619,216 26,976,892 26,820,361 26,952,178 Dilutive effect of outstanding common stock equivalents (1) 182,914 179,437 173,292 205,486 Diluted weighted-average number of common stock outstanding 26,802,130 27,156,329 26,993,653 27,157,664 Basic earnings per share: Income from continuing operations $ 0.32 $ 0.15 $ 0.51 $ 0.22 (Loss) income from discontinued operations (0.54 ) 0.11 (0.79 ) 0.26 Basic earnings per share $ (0.22 ) $ 0.26 $ (0.28 ) $ 0.48 Diluted earnings per share: Income from continuing operations $ 0.32 $ 0.15 $ 0.51 $ 0.22 (Loss) income from discontinued operations (0.54 ) 0.11 (0.79 ) 0.26 Diluted earnings per share $ (0.22 ) $ 0.26 $ (0.28 ) $ 0.48 (1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the three and six months ended June 30, 2019 and 2018 were certain stock options and unvested restricted stock issued to key senior management personnel and directors of the Company. The aggregate number of common stock equivalents related to such options and unvested restricted shares, which could potentially be dilutive in future periods, was 83 at June 30, 2019 and 9,259 at June 30, 2018 . (2) On July 11, 2019 we repurchased 1.7 million of our common shares from a large shareholder group, which would have increased diluted earnings per share.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	LEASES: We have operating and finance leases for corporate offices, commercial lending centers, retail deposit branches and certain equipment. Our leases have remaining lease terms of up to 20 years , some of which include options which are reasonably certain to be extended. Leases with an initial term of less than a year are not included in the Statement of Financial Condition. The Company, as sublessor, subleases certain office and retail space in which the terms of the subleases end by September 2024. Under all of our executed sublease arrangements, the sublessees are obligated to pay the Company sublease payments of $2.9 million during the remainder of 2019, $5.7 million in 2020, $4.8 million in 2021, $3.6 million in 2022, $2.2 million in 2023 and $580 thousand thereafter. In the three and six months ended June 30, 2019, we incurred $1.3 million and $3.8 million in impairment charges related to the closure of certain branches. The components of lease expense were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2019 Operating lease cost $ 3,765 $ 7,716 Finance lease cost: Amortization of right-of-use assets 544 1,159 Interest on lease liabilities 87 181 Short-term lease 2 6 Variable lease cost 2,034 3,802 Sublease income (490 ) (829 ) Total lease cost $ 5,942 $ 12,035 Supplemental cash flow information related to leases was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,301 $ 8,732 Operating cash flows from finance leases 87 181 Financing cash flows from finance leases 598 1,053 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ (12,201 ) $ (7,365 ) Finance leases (1,191 ) (1,016 ) Supplemental balance sheet information related to leases was as follows. (in thousands, except lease term and discount rate) June 30, 2019 Operating lease right-of-use assets $ 93,321 Operating lease liabilities 112,415 Finance lease right-of-use assets $ 9,029 Finance lease liabilities 9,259 Weighted Average Remaining lease term in years Operating leases 11.87 Finance leases 15.07 Weighted Average Discount Rate Operating leases 3.49 % Finance leases 3.60 % Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the six months ended June 30, 2019) $ 8,367 $ 797 2020 15,743 1,560 2021 14,560 1,357 2022 12,529 583 2023 10,565 474 2024 9,421 400 Thereafter 67,258 7,238 Total lease payments 138,443 12,409 Less imputed interest 26,028 3,150 Total $ 112,415 $ 9,259 Future minimum rental payments, prior to the adoption of the new lease guidance, for all non-cancelable leases were as follows at December 31, 2018. (in thousands) At December 31, 2018 2019 $ 22,770 2020 20,671 2021 18,825 2022 16,418 2023 13,274 2024 and thereafter 40,717 Total minimum payments $ 132,675
LEASES	LEASES: We have operating and finance leases for corporate offices, commercial lending centers, retail deposit branches and certain equipment. Our leases have remaining lease terms of up to 20 years , some of which include options which are reasonably certain to be extended. Leases with an initial term of less than a year are not included in the Statement of Financial Condition. The Company, as sublessor, subleases certain office and retail space in which the terms of the subleases end by September 2024. Under all of our executed sublease arrangements, the sublessees are obligated to pay the Company sublease payments of $2.9 million during the remainder of 2019, $5.7 million in 2020, $4.8 million in 2021, $3.6 million in 2022, $2.2 million in 2023 and $580 thousand thereafter. In the three and six months ended June 30, 2019, we incurred $1.3 million and $3.8 million in impairment charges related to the closure of certain branches. The components of lease expense were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2019 Operating lease cost $ 3,765 $ 7,716 Finance lease cost: Amortization of right-of-use assets 544 1,159 Interest on lease liabilities 87 181 Short-term lease 2 6 Variable lease cost 2,034 3,802 Sublease income (490 ) (829 ) Total lease cost $ 5,942 $ 12,035 Supplemental cash flow information related to leases was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,301 $ 8,732 Operating cash flows from finance leases 87 181 Financing cash flows from finance leases 598 1,053 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ (12,201 ) $ (7,365 ) Finance leases (1,191 ) (1,016 ) Supplemental balance sheet information related to leases was as follows. (in thousands, except lease term and discount rate) June 30, 2019 Operating lease right-of-use assets $ 93,321 Operating lease liabilities 112,415 Finance lease right-of-use assets $ 9,029 Finance lease liabilities 9,259 Weighted Average Remaining lease term in years Operating leases 11.87 Finance leases 15.07 Weighted Average Discount Rate Operating leases 3.49 % Finance leases 3.60 % Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the six months ended June 30, 2019) $ 8,367 $ 797 2020 15,743 1,560 2021 14,560 1,357 2022 12,529 583 2023 10,565 474 2024 9,421 400 Thereafter 67,258 7,238 Total lease payments 138,443 12,409 Less imputed interest 26,028 3,150 Total $ 112,415 $ 9,259 Future minimum rental payments, prior to the adoption of the new lease guidance, for all non-cancelable leases were as follows at December 31, 2018. (in thousands) At December 31, 2018 2019 $ 22,770 2020 20,671 2021 18,825 2022 16,418 2023 13,274 2024 and thereafter 40,717 Total minimum payments $ 132,675

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS: Recent Acquisition Activity On March 25, 2019, the Company completed its acquisition of a branch and its related deposits and loans in San Diego County, from Silvergate Bank along with its business lending team. The purchase accounting remains provisional for the valuation of the acquired loans and will be finalized later this year. The application of the acquisition method of accounting resulted in goodwill of $7.6 million

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS): The following table shows changes in accumulated other comprehensive income (loss) from unrealized gain (loss) on available-for-sale securities, net of tax. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ (7,355 ) $ (17,298 ) $ (15,439 ) $ (7,122 ) Cumulative effect of adoption of new accounting standards (1) — — (2,080 ) — Other comprehensive income (loss) before reclassifications 10,170 (2,412 ) 20,139 (12,412 ) Amounts reclassified from accumulated other comprehensive income (loss) (108 ) (12 ) 87 (188 ) Net current-period other comprehensive income (loss) 10,062 (2,424 ) 20,226 (12,600 ) Ending balance $ 2,707 $ (19,722 ) $ 2,707 $ (19,722 ) (1) Reflects the January 1, 2019 adoption of ASU 2018-02 and ASU 2017-12. For additional information see Note 1, Summary of Significant Accounting Policies . The following table shows the impacted line items in the consolidated statements of operations from reclassifications of unrealized gain (loss) on available-for-sale securities from accumulated other comprehensive income (loss). Affected Line Item in the Consolidated Statements of Operations Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Gain (loss) on sale of investment securities available for sale $ 137 $ 16 $ (110 ) $ 238 Income tax expense (benefit) 29 4 (23 ) 50 Total, net of tax $ 108 $ 12 $ (87 ) $ 188

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE: On January 1, 2018, the Company adopted ASU No. 2014-09 Revenue from Contracts with Customers ("Topic 606") . We elected to implement Topic 606 using the modified retrospective application, with the cumulative effect recorded as an adjustment to retained earnings at January 1, 2018. Due to immateriality, we had no cumulative effect to record. Since net interest income on financial assets and liabilities is excluded from this guidance, a significant majority of our revenues are not subject to the new guidance. Our revenue streams that fall within the scope of Topic 606 are presented within noninterest income and are, in general, recognized as revenue as we satisfy our obligation to the customer. Most of the Company's contracts that fall within the scope of this guidance are contracts with customers that are cancelable by either party without penalty and are short-term in nature. These revenues include depositor and other retail and business banking fees, commission income, credit card fees and sales of other real estate owned. For the six months ended June 30, 2019 and 2018, in scope revenue streams were approximately 2.1% and 2.7% of our total revenues, respectively. As this standard is immaterial to our consolidated financial statements, the Company has omitted certain disclosures in ASU 2014-09, including the disaggregation of revenue table. In-scope noninterest revenue streams are discussed below. Depositor and other retail and business banking fees Depositor and other retail banking fees consist of monthly service fees, check orders, and other deposit account related fees. The Company's performance obligation for these fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Commission Income Commission income primarily consists of revenue received on insurance policies and monthly investment management fees earned where the Company has acted as an intermediary between customers and the insurance carriers or investment advisers. Under Topic 606, the commissions received at the inception of the policy should be deferred and recognized over the course of the policy. The company's performance obligation for commissions is generally satisfied, and the related revenue generally recognized, over the course of the policy or over the period in which the services are provided, typically monthly. Credit Card Fees The Company offers credit cards to its customers through a third party and earns a fee on each transaction and a fee for each new account activation on a net basis. Revenue is recognized on a one-month lag when cash is received for these fees which does not vary materially from recognizing revenue over the period the services are performed. Sale of Other Real Estate Owned

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING: In the first quarter of 2019, in connection with the Board of Directors approved plan of exit or disposal of our stand-alone home loan-center based mortgage origination business and related mortgage servicing, the Company restructured certain aspects of its infrastructure and back office operations, which has resulted in certain indirect severance and other employee related costs and impairment charges related to certain facilities and information systems. Cost directly related to the plan of exit or disposal are not included in restructuring, but rather are characterized as gain loss on disposal, for further information, see Note 2. Discontinued Operations. In 2017, in response to changing market conditions and forecasts, we implemented restructuring plans in the Company's former Mortgage Banking segment to reduce operating costs and improve efficiency. I n June 2018, the Company implemented another restructuring plan in the legacy M ortgage Banking segment to further reduce operating costs and improve profitability. Restructuring charges consist of facility-related costs and severance costs and are included in the occupancy and the salaries and related costs line items on our consolidated statement of operations in the applicable periods for continuing operations and in the income (loss) from discontinued operations for the the applicable periods for discontinued operations. The following tables summarize the restructuring charges recognized during the first three and six months of 2019 and the Company's net remaining liability balance at June 30, 2019 and 2018 for both continuing and discontinued operations. 2019 2018 At and for the three months ended June 30 Facility-related costs Personnel-related costs Other costs Total Facility-related costs Personnel- related costs Other costs Total (in thousands) Beginning balance $ 1,407 $ — $ 128 $ 1,535 $ 720 $ — $ — $ 720 Restructuring charges 290 1,000 19 1,309 6,454 439 — 6,893 Costs paid or otherwise settled (274 ) (438 ) (125 ) (837 ) (2,965 ) — — (2,965 ) Ending balance $ 1,423 $ 562 $ 22 $ 2,007 $ 4,209 $ 439 $ — $ 4,648 2019 2018 At and for the six months ended June 30 Facility-related costs Personnel-related costs Other costs Total Facility-related costs Personnel- related costs Other costs Total (in thousands) Beginning balance $ 1,604 $ — $ — $ 1,604 $ 1,386 $ — $ — $ 1,386 Restructuring charges 194 1,000 147 1,341 6,163 439 — 6,602 Costs paid or otherwise settled (375 ) (438 ) (125 ) (938 ) (3,340 ) — — (3,340 ) Ending balance $ 1,423 $ 562 $ 22 $ 2,007 $ 4,209 $ 439 $ — $ 4,648

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT: Continuing on the path to reduce our exposure to mortgage banking, in July 2019, we entered into a non-binding letter of intent to sell our ownership interest in WMS Series, LLC. If we are able to successfully complete this transaction, it would further reduce the amount of single family mortgage banking volume going forward, and completely eliminate the correspondent origination volume we currently purchase from WMS. The Company has evaluated subsequent events through the time of filing this Quarterly Report on Form 10-Q and other than the item above, has concluded that there are no significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	The Company's accounting and financial reporting policies conform with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Inter-company balances and transactions have been eliminated in consolidation. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and revenues and expenses during the reporting periods and related disclosures. Some of these estimates require application of management's most difficult, subjective or complex judgments and result in amounts that are inherently uncertain and may change in future periods. Management has made significant estimates in several areas, including the fair value of assets acquired and liabilities assumed in business combinations (Note 2, Business Combinations ), allowance for credit losses (Note 4, Loans and Credit Quality ), valuation of residential mortgage servicing rights and loans held for sale (Note 7, Mortgage Banking Operations ), valuation of investment securities (Note 3, Investment Securities ), and valuation of derivatives (Note 6, Derivatives and Hedging Activities
Discontinued Operations,	During the three months ended March 31, 2019, the Company's Board of Directors (the "Board") adopted a Resolution of Exit or Disposal of Home Loan Center ("HLC") Based Mortgage Banking Operations to sell or abandon the assets and transfer or terminate the personnel associated with the Company's high-volume home loan center-based mortgage origination business. The Company also successfully closed and settled two separate sales of the rights to service $14.26 billion in total unpaid principal balance of single family mortgage loans serviced for others, representing in the aggregate 71% of HomeStreet's total single family mortgage loans serviced for others portfolio at December 31, 2018. These two actions largely represent the Company's former Mortgage Banking segment. In accordance with Accounting Standards Codification (ASC) 205-20, the Company determined that the Board's decision to sell or abandon the assets and personnel associated with the Company's HLC-based mortgage business and the related mortgage servicing rights ("MSR") sales met the criteria to be classified as discontinued operations and its operating results and financial condition are presented as discontinued operations in the consolidated financial statements for the current and all comparative periods which have been recast to conform to the new presentation (see Note 2, Discontinued Operations for additional information). Unless otherwise indicated, information included in these notes to the consolidated financial statements (unaudited) are presented on a consolidated operations basis, which includes results from both continuing and discontinued operations, for all periods presented. In connection with the mortgage servicing rights ("MSR") sales and Board resolution regarding the former Mortgage Banking segment, the Company reassessed its reportable operating segments given these changes and associated changes made to its Chief Operating Decision Maker (CODM) package as of March 31, 2019. The Company concluded that as of March 31, 2019 the CODM evaluates the Company’s performance on a consolidated, entity-wide basis and accordingly has resulted in the elimination of segment reporting. The Company will no longer disclose operating results below the consolidated entity level which is now the reportable segment. These unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results of the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this Quarterly Report on Form 10-Q. The results of operations in the interim financial statements do not necessarily indicate the results that may be expected for the full year. The interim financial information should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission ("2018 Annual Report on Form 10-K").
Recent Accounting Developments	Recent Accounting Developments In May 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2019-05, Financial Instruments - Credit Losses (Topic 326) Targeted Transition Relief, or ASU 2019-05. This ASU allows entities to irrevocably elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of ASC 326-20 if the instruments are eligible for the fair value option under ASC 825-10. The fair value option election does not apply to held-to-maturity debt securities. Entities are required to make this election on an instrument-by-instrument basis. ASU 2019-05 has the same effective date as ASU 2016-13 therefore, it will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company does not expect to elect the fair value option under this guidance, and therefore, ASU 2019-05 is not expected to impact the Company’s Consolidated Financial Statements. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 – Financial Instruments. The new ASU provides narrow-scope amendments to help apply these recent standards. The transition requirements and effective date of this ASU for HomeStreet is January 1, 2020 with early adoption permitted for certain amendments. The Company is currently assessing this standard’s impact on our consolidated results of operations and financial condition. In August 2018, the FASB issued ASU No.2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . This ASU adds, eliminates, and modifies certain disclosure requirements for fair value measurements. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU No. 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. Entities are also allowed to elect early adoption of the eliminated or modified disclosure requirements and delay adoption of the added disclosure requirements until their effective date. As ASU No. 2018-13 only revises disclosure requirements, it will not impact the Company's consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, or ASU 2017-04, which eliminates Step 2 from the goodwill impairment test. ASU 2017-04 also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Adoption of ASU 2017-04 is required for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 with early adoption permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements. In June 2016, FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments . Current U.S. GAAP requires an "incurred loss" methodology for recognizing credit losses that delay recognition until it is probable a loss has been incurred. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendment affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial asset not excluded from the scope that has the contractual right to receive cash. The amendments in this ASU replace the incurred loss impairment model in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments in this ASU require a financial asset (or group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. The measurement of expected credit losses will be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The use of forecasted information incorporates more timely information in the estimate of expected credit loss, which will be more decision relevant to users of the financial statements. The amendments in this ASU will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company plans to adopt this ASU on January 1, 2020 and is still evaluating the effects this ASU will have on the Company's consolidated financial statements. The Company formed a cross-functional project team and engaged third-party consultants who jointly developed an implementation plan to satisfy the requirements of the ASU. The project team continues to work on developing and implementing the current expected credit loss ("CECL") model including data and assumption validation, identifying key interpretive issues, documenting process flows and internal controls, and beginning parallel testing with our existing allowance model. We also engaged a third-party firm to evaluate our CECL model. The Company anticipates that an increase to the allowance for credit losses will be recognized upon adoption of the ASU to provide for the expected credit losses over the estimated life of the financial assets (principally loans); however, management is still assessing the magnitude of the increase which will depend on economic conditions and the composition and trends in the Company's loans held for investment portfolio at the date of adoption. Upon adoption, the Company expects to implement a change in the processes and procedures used to calculate the allowance for loan losses. In addition, the current accounting policy and procedures for other-than-temporary impairment on investment securities classified as available for sale will be replaced with an allowance approach. The Company has begun developing and implementing processes to address the provisions of this ASU.
Loans and Leases Receivable	The Company's portfolio of loans held for investment is divided into two portfolio segments, consumer loans and commercial loans, which are the same segments used to determine the allowance for loan losses. Within each portfolio segment, the Company monitors and assesses credit risk based on the risk characteristics of each of the following loan classes: single family and home equity and other loans within the consumer loan portfolio segment and non-owner occupied commercial real estate, multifamily, construction/land development, owner occupied commercial real estate and commercial business loans within the commercial loan portfolio segment.
Allowance for Loan and Lease Losses	Management considers the level of allowance for loan losses to be appropriate to cover credit losses inherent within the loans held for investment portfolio as of June 30, 2019
Derivatives and Hedging Activities	To reduce the risk of significant interest rate fluctuations on the value of certain assets and liabilities, such as certain mortgage loans held for sale or MSRs, the Company utilizes derivatives, such as forward sale commitments, futures, option contracts, interest rate swaps and interest rate swaptions as risk management instruments in its hedging strategy. Derivative transactions are measured in terms of notional amount, which is not recorded in the consolidated statements of financial condition. The notional amount is generally not exchanged and is used as the basis for interest and other contractual payments. We held no derivatives designated as a fair value, cash flow or foreign currency hedge instrument at June 30, 2019 or December 31, 2018 . Derivatives are reported at their respective fair values in the other assets or accounts payable and other liabilities line items on the consolidated statements of financial condition, with changes in fair value reflected in current period earnings. As permitted under U.S. GAAP, the Company nets derivative assets and liabilities when a legally enforceable master netting agreement exists between the Company and the derivative counterparty, which are documented under industry standard master agreements and credit support annexes. The Company's master netting agreements provide that following an uncured payment default or other event of default, the non-defaulting party may promptly terminate all transactions between the parties and determine a net amount due to be paid to, or by, the defaulting party. An event of default may also occur under a credit support annex if a party fails to make a collateral delivery (which remains uncured following applicable notice and grace periods). The Company's right of offset requires that master netting agreements are legally enforceable and that the exercise of rights by the non-defaulting party under these agreements will not be stayed or avoided under applicable law upon an event of default, including bankruptcy, insolvency or similar proceeding. The collateral used under the Company's master netting agreements is typically cash, but securities may be used under agreements with certain counterparties. Receivables related to cash collateral that has been paid to counterparties is included in other assets on the Company's consolidated statements of financial condition. Any securities pledged to counterparties as collateral remain on the consolidated statements of financial condition. Refer to Note 3, Investment Securities,
Mortgage Banking Operations	All MSRs are initially measured and recorded at fair value at the time loans are sold. Single family MSRs are subsequently carried at fair value with changes in fair value reflected in earnings in the periods in which the changes occur, while multifamily and SBA MSRs are subsequently carried at the lower of amortized cost or fair value. The fair value of MSRs is determined based on the price that would be received to sell the MSRs in an orderly transaction between market participants at the measurement date. The Company determines fair value using a valuation model that calculates the net present value of estimated future cash flows. Estimates of future cash flows include contractual servicing fees, ancillary income and costs of servicing, the timing of which are impacted by assumptions, primarily expected prepayment speeds and discount rates, which relate to the underlying performance of the loans.
Fair Value Measurement	Valuation Processes The Company has various processes and controls in place to ensure that fair value measurements are reasonably estimated. The Finance Committee of the Board provides oversight and approves the Company's Asset/Liability Management Policy ("ALMP"). The Company's ALMP governs, among other things, the application and control of the valuation models used to measure fair value. On a quarterly basis, the Company's Asset/Liability Management Committee ("ALCO") and the Finance Committee of the Board review significant modeling variables used to measure the fair value of the Company's financial instruments, including the significant inputs used in the valuation of single family MSRs. Additionally, ALCO periodically obtains an independent review of the MSR valuation process and procedures, including a review of the model architecture and the valuation assumptions. The Company obtains an MSR valuation from an independent valuation firm monthly to assist with the validation of the fair value estimate and the reasonableness of the assumptions used in measuring fair value. The Company's real estate valuations are overseen by the Company's appraisal department, which is independent of the Company's lending and credit administration functions. The appraisal department maintains the Company's appraisal policy and recommends changes to the policy subject to approval by the Company's Loan Committee and the Credit Committee of the Board. The Company's appraisals are prepared by independent third-party appraisers and the Company's internal appraisers. Single family appraisals are generally reviewed by the Company's single family loan underwriters. Single family appraisals with unusual, higher risk or complex characteristics, as well as commercial real estate appraisals, are reviewed by the Company's appraisal department. We obtain pricing from third party service providers for determining the fair value of a substantial portion of our investment securities available for sale. We have processes in place to evaluate such third party pricing services to ensure information obtained and valuation techniques used are appropriate. For fair value measurements obtained from third party services, we monitor and review the results to ensure the values are reasonable and in line with market experience for similar classes of securities. While the inputs used by the pricing vendor in determining fair value are not provided, and therefore unavailable for our review, we do perform certain procedures to validate the values received, including comparisons to other sources of valuation (if available), comparisons to other independent market data and a variance analysis of prices by Company personnel that are not responsible for the performance of the investment securities. Estimation of Fair Value Fair value is based on quoted market prices, when available. In cases where a quoted price for an asset or liability is not available, the Company uses valuation models to estimate fair value. These models incorporate inputs such as forward yield curves, loan prepayment assumptions, expected loss assumptions, market volatilities, and pricing spreads utilizing market-based inputs where readily available. The Company believes its valuation methods are appropriate and consistent with those that would be used by other market participants. However, imprecision in estimating unobservable inputs and other factors may result in these fair value measurements not reflecting the amount realized in an actual sale or transfer of the asset or liability in a current market exchange. The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions, and classification of the Company's assets and liabilities. Asset/Liability class Valuation methodology, inputs and assumptions Classification Investment securities Investment securities available for sale Observable market prices of identical or similar securities are used where available. Level 2 recurring fair value measurement. If market prices are not readily available, value is based on discounted cash flows using the following significant inputs: • Expected prepayment speeds • Estimated credit losses • Market liquidity adjustments Level 3 recurring fair value measurement. Loans held for sale Single family loans, excluding loans transferred from held for investment Fair value is based on observable market data, including: • Quoted market prices, where available • Dealer quotes for similar loans • Forward sale commitments Level 2 recurring fair value measurement. When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs: • Benchmark yield curve • Estimated discount spread to the benchmark yield curve • Expected prepayment speeds Estimated fair value classified as Level 3. Mortgage servicing rights Single family MSRs For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 7 , Mortgage Banking Operations . Level 3 recurring fair value measurement. Derivatives Eurodollar futures Fair value is based on closing exchange prices. Level 1 recurring fair value measurement. Interest rate swaps Interest rate swaptions Forward sale commitments Fair value is based on quoted prices for identical or similar instruments, when available. Level 2 recurring fair value measurement. Interest rate lock and purchase loan commitments The fair value considers several factors including: • Fair value of the underlying loan based on quoted prices in the secondary market, when available. • Value of servicing • Fall-out factor Level 3 recurring fair value measurement.
Revenue	Depositor and other retail and business banking fees Depositor and other retail banking fees consist of monthly service fees, check orders, and other deposit account related fees. The Company's performance obligation for these fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Commission Income Commission income primarily consists of revenue received on insurance policies and monthly investment management fees earned where the Company has acted as an intermediary between customers and the insurance carriers or investment advisers. Under Topic 606, the commissions received at the inception of the policy should be deferred and recognized over the course of the policy. The company's performance obligation for commissions is generally satisfied, and the related revenue generally recognized, over the course of the policy or over the period in which the services are provided, typically monthly. Credit Card Fees The Company offers credit cards to its customers through a third party and earns a fee on each transaction and a fee for each new account activation on a net basis. Revenue is recognized on a one-month lag when cash is received for these fees which does not vary materially from recognizing revenue over the period the services are performed. Sale of Other Real Estate Owned

DISCONTINUED OPERATIONS - (Tabl

DISCONTINUED OPERATIONS - (Tables)	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table summarizes the calculation of the net loss on disposal of discontinued operations. (in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Proceeds from asset sales $ 3,461 $ 186,612 Book value of asset sales 4,038 180,982 (Loss) gain on assets sold (577 ) 5,630 Transaction costs 2,759 9,177 Compensation expense related to the transactions 2,675 3,792 Facility and IT related costs 4,785 15,681 Total costs 10,219 28,650 Net loss on disposal $ (10,796 ) $ (23,020 ) The carrying amount of major classes of assets and liabilities related to discontinued operations consisted of the following. (in thousands) June 30, 2019 December 31, 2018 ASSETS Loans held-for-sale, at fair value $ 320,238 $ 269,683 Mortgage serving rights — 177,121 Premises and equipment, net — 6,689 Other assets (1) 32,691 23,541 Assets of discontinued operations $ 352,929 $ 477,034 LIABILITIES Deposits $ 132,804 $ 162,850 Accrued expenses and other liabilities 15,417 4,271 Liabilities of discontinued operations $ 148,221 $ 167,121 (1) Includes $8.9 million and $15.5 million of derivative balances at June 30, 2019 and December 31, 2018 , respectively. Statements of Operations of Discontinued Operations Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (in thousands) Net interest income $ 2,617 $ 3,258 $ 4,762 $ 6,270 Noninterest income 23,458 60,984 62,728 114,719 Noninterest expense 42,753 60,601 92,608 111,899 (Loss) income before income taxes (16,678 ) 3,641 (25,118 ) 9,090 Income tax (benefit) expense (2,198 ) 713 (3,865 ) 2,050 (Loss) income from discontinued operations $ (14,480 ) $ 2,928 $ (21,253 ) $ 7,040 Statements of Cash Flow for Discontinued Operations Six Months Ended June 30, 2019 2018 (in thousands) Net cash (used in) provided by operating activities $ (55,257 ) $ 17,937 Net cash provided by investing activities 169,407 170,526

INVESTMENT SECURITIES - (Tables

INVESTMENT SECURITIES - (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Amortized cost and fair value of available for sale securities	The following table sets forth certain information regarding the amortized cost and fair values of our investment securities available for sale and held to maturity. At June 30, 2019 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 112,354 $ 76 $ (2,409 ) $ 110,021 Commercial 29,999 489 (60 ) 30,428 Collateralized mortgage obligations: Residential 157,202 1,115 (1,253 ) 157,064 Commercial 124,783 686 (890 ) 124,579 Municipal bonds 351,546 7,046 (1,495 ) 357,097 Corporate debt securities 18,791 289 (183 ) 18,897 U.S. Treasury securities 1,296 15 — 1,311 $ 795,971 $ 9,716 $ (6,290 ) $ 799,397 HELD TO MATURITY Municipal bonds (1) $ 4,422 $ 98 $ — $ 4,520 $ 4,422 $ 98 $ — $ 4,520 (1) In conjunction with adopting ASU 2017-12, in the first quarter of 2019, we transferred $66.2 million in HTM securities to AFS. At December 31, 2018 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 112,852 $ 19 $ (4,910 ) $ 107,961 Commercial 34,892 109 (487 ) 34,514 Collateralized mortgage obligations: Residential 171,412 221 (4,889 ) 166,744 Commercial 118,555 140 (2,021 ) 116,674 Municipal bonds 393,463 1,526 (9,334 ) 385,655 Corporate debt securities 21,177 1 (1,183 ) 19,995 U.S. Treasury securities 11,211 6 (317 ) 10,900 Agency debentures 9,876 — (351 ) 9,525 $ 873,438 $ 2,022 $ (23,492 ) $ 851,968 HELD TO MATURITY Mortgage-backed securities: Residential $ 11,071 $ — $ (274 ) $ 10,797 Commercial 17,307 30 (311 ) 17,026 Collateralized mortgage obligations 15,624 10 (65 ) 15,569 Municipal bonds 27,191 190 (319 ) 27,062 Corporate debt securities 92 — — 92 $ 71,285 $ 230 $ (969 ) $ 70,546
Amortized cost and fair value of held-to-maturity securities	The following table sets forth certain information regarding the amortized cost and fair values of our investment securities available for sale and held to maturity. At June 30, 2019 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 112,354 $ 76 $ (2,409 ) $ 110,021 Commercial 29,999 489 (60 ) 30,428 Collateralized mortgage obligations: Residential 157,202 1,115 (1,253 ) 157,064 Commercial 124,783 686 (890 ) 124,579 Municipal bonds 351,546 7,046 (1,495 ) 357,097 Corporate debt securities 18,791 289 (183 ) 18,897 U.S. Treasury securities 1,296 15 — 1,311 $ 795,971 $ 9,716 $ (6,290 ) $ 799,397 HELD TO MATURITY Municipal bonds (1) $ 4,422 $ 98 $ — $ 4,520 $ 4,422 $ 98 $ — $ 4,520 (1) In conjunction with adopting ASU 2017-12, in the first quarter of 2019, we transferred $66.2 million in HTM securities to AFS. At December 31, 2018 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 112,852 $ 19 $ (4,910 ) $ 107,961 Commercial 34,892 109 (487 ) 34,514 Collateralized mortgage obligations: Residential 171,412 221 (4,889 ) 166,744 Commercial 118,555 140 (2,021 ) 116,674 Municipal bonds 393,463 1,526 (9,334 ) 385,655 Corporate debt securities 21,177 1 (1,183 ) 19,995 U.S. Treasury securities 11,211 6 (317 ) 10,900 Agency debentures 9,876 — (351 ) 9,525 $ 873,438 $ 2,022 $ (23,492 ) $ 851,968 HELD TO MATURITY Mortgage-backed securities: Residential $ 11,071 $ — $ (274 ) $ 10,797 Commercial 17,307 30 (311 ) 17,026 Collateralized mortgage obligations 15,624 10 (65 ) 15,569 Municipal bonds 27,191 190 (319 ) 27,062 Corporate debt securities 92 — — 92 $ 71,285 $ 230 $ (969 ) $ 70,546
Investment securities in an unrealized loss position	Investment securities available for sale and held to maturity that were in an unrealized loss position are presented in the following tables based on the length of time the individual securities have been in an unrealized loss position. At June 30, 2019 Less than 12 months 12 months or more Total (in thousands) Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value AVAILABLE FOR SALE Mortgage-backed securities: Residential $ (371 ) $ 3,590 $ (2,038 ) $ 100,845 $ (2,409 ) $ 104,435 Commercial — — (60 ) 5,428 (60 ) 5,428 Collateralized mortgage obligations: Residential (17 ) 5,103 (1,236 ) 75,921 (1,253 ) 81,024 Commercial (434 ) 29,916 (456 ) 46,857 (890 ) 76,773 Municipal bonds (18 ) 10,182 (1,477 ) 112,750 (1,495 ) 122,932 Corporate debt securities — — (183 ) 7,994 (183 ) 7,994 $ (840 ) $ 48,791 $ (5,450 ) $ 349,795 $ (6,290 ) $ 398,586 * There were no held to maturity securities in an unrealized loss position at June 30, 2019 At December 31, 2018 Less than 12 months 12 months or more Total (in thousands) Gross Fair Gross Fair Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ (34 ) $ 1,269 $ (4,876 ) $ 104,822 $ (4,910 ) $ 106,091 Commercial — — (487 ) 18,938 (487 ) 18,938 Collateralized mortgage obligations: Residential (131 ) 24,085 (4,758 ) 128,899 (4,889 ) 152,984 Commercial (350 ) 22,051 (1,671 ) 73,429 (2,021 ) 95,480 Municipal bonds (1,283 ) 85,057 (8,051 ) 201,189 (9,334 ) 286,246 Corporate debt securities (104 ) 5,557 (1,079 ) 14,213 (1,183 ) 19,770 U.S. Treasury securities — — (317 ) 9,598 (317 ) 9,598 Agency debentures — — (351 ) 9,525 (351 ) 9,525 $ (1,902 ) $ 138,019 $ (21,590 ) $ 560,613 $ (23,492 ) $ 698,632 HELD TO MATURITY Mortgage-backed securities: Residential $ (31 ) $ 2,314 $ (243 ) $ 6,197 $ (274 ) $ 8,511 Commercial (24 ) 2,800 (287 ) 11,256 (311 ) 14,056 Collateralized mortgage obligations (65 ) 10,597 — — (65 ) 10,597 Municipal bonds (102 ) 7,210 (217 ) 11,273 (319 ) 18,483 $ (222 ) $ 22,921 $ (747 ) $ 28,726 $ (969 ) $ 51,647
Computation of weighted average yield using coupon on the fair value	The following tables present the fair value of investment securities available for sale and held to maturity by contractual maturity along with the associated contractual yield for the periods indicated below. Contractual maturities for mortgage-backed securities and collateralized mortgage obligations as presented exclude the effect of expected prepayments. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations before the underlying mortgages mature. The weighted-average yield is computed using the contractual coupon of each security weighted based on the fair value of each security and does not include adjustments to a tax equivalent basis. At June 30, 2019 Within one year After one year through five years After five years through ten years After ten years Total (dollars in thousands) Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield AVAILABLE FOR SALE Mortgage-backed securities: Residential $ — — % $ 4 1.38 % $ 5,895 1.65 % $ 104,122 2.10 % $ 110,021 2.07 % Commercial — — 18,504 2.45 11,924 2.70 — — 30,428 2.55 Collateralized mortgage obligations: Residential — — — — — — 157,064 2.46 157,064 2.46 Commercial — — 8,244 2.48 28,907 2.94 87,428 2.58 124,579 2.66 Municipal bonds 5,019 2.10 — — 10,954 3.28 341,124 3.59 357,097 3.56 Corporate debt securities 1,023 3.41 7,858 3.66 9,924 3.63 92 6.16 18,897 3.64 U.S. Treasury securities — — 1,311 2.83 — — — — 1,311 2.83 Total available for sale $ 6,042 2.32 % $ 35,921 2.74 % $ 67,604 2.94 % $ 689,830 2.98 % $ 799,397 2.96 % HELD TO MATURITY Mortgage-backed securities: Municipal bonds $ — — % $ 1,804 2.90 % $ 2,716 2.06 % $ — — % $ 4,520 2.39 % Total held to maturity $ — — % $ 1,804 2.90 % $ 2,716 2.06 % $ — — % $ 4,520 2.39 % At December 31, 2018 Within one year After one year through five years After five years through ten years After ten years Total (dollars in thousands) Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield Fair Value Weighted Average Yield AVAILABLE FOR SALE Mortgage-backed securities: Residential $ — — % $ — — % $ 7,094 1.62 % $ 100,867 2.05 % $ 107,961 2.03 % Commercial — — 14,175 2.20 16,737 2.99 3,602 2.90 34,514 2.66 Collateralized mortgage obligations: Residential — — — — — — 166,744 2.43 166,744 2.43 Commercial — — 9,008 2.42 29,292 2.88 78,374 2.42 116,674 2.53 Municipal bonds 5,670 2.12 16,276 2.24 30,659 2.89 333,050 3.51 385,655 3.39 Corporate debt securities — — 3,949 2.96 13,608 3.31 2,438 3.65 19,995 3.29 U.S. Treasury securities — — 10,900 1.87 — — — — 10,900 1.87 Agency debentures — — — — 9,525 2.23 — — 9,525 2.23 Total available for sale $ 5,670 2.12 % $ 54,308 2.24 % $ 106,915 2.81 % $ 685,075 2.90 % $ 851,968 2.84 % HELD TO MATURITY Mortgage-backed securities: Residential $ — — % $ — — % $ — — % $ 10,797 2.82 % $ 10,797 2.82 % Commercial — — 12,147 2.51 4,879 2.64 — — 17,026 2.55 Collateralized mortgage obligations — — 7,205 3.59 — — 8,364 2.94 15,569 3.24 Municipal bonds — — 1,790 2.85 5,651 2.29 19,621 3.24 27,062 3.01 Corporate debt securities — — — — — — 92 6.00 92 6.00 Total held to maturity $ — — % $ 21,142 2.91 % $ 10,530 2.45 % $ 38,874 3.07 % $ 70,546 2.93 %
Sales of investment securities available for sale	Sales of investment securities available for sale were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Proceeds $ 24,414 $ 5,357 $ 119,412 $ 22,232 Gross gains 159 38 531 261 Gross losses (22 ) (22 ) (641 ) (23 )
Carrying value of securities pledged as collateral	The following table summarizes the carrying value of securities pledged as collateral to secure borrowings, public deposits and other purposes as permitted or required by law: (in thousands) At June 30, At December 31, Federal Home Loan Bank to secure borrowings $ — $ 63,179 Washington and California State to secure public deposits 156,229 126,565 Securities pledged to secure derivatives in a liability position — 5,077 Other securities pledged 5,056 5,147 Total securities pledged as collateral $ 161,285 $ 199,968

LOANS AND CREDIT QUALITY - (Tab

LOANS AND CREDIT QUALITY - (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Loans held for investment	Loans held for investment consist of the following. (in thousands) At June 30, At December 31, Consumer loans Single family (1) $ 1,259,386 $ 1,358,175 Home equity and other 588,132 570,923 Total consumer loans 1,847,518 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 767,447 701,928 Multifamily 995,604 908,015 Construction/land development 779,031 794,544 Total commercial real estate loans 2,542,082 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 470,986 429,158 Commercial business 444,002 331,004 Total commercial and industrial loans 914,988 760,162 Loans held for investment before deferred fees, costs and allowance 5,304,588 5,093,747 Net deferred loan fees and costs 26,525 23,094 5,331,113 5,116,841 Allowance for loan losses (43,254 ) (41,470 ) Total loans held for investment $ 5,287,859 $ 5,075,371 (1) Includes $4.5 million and $4.1 million at June 30, 2019 and December 31, 2018 , respectively, of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.
Activity in allowance for credit losses	Activity in the allowance for credit losses was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Allowance for credit losses (roll-forward): Beginning balance $ 44,536 $ 40,446 $ 42,913 $ 39,116 Provision for credit losses — 1,000 1,500 1,750 Recoveries, net of (charge-offs) 92 (464 ) 215 116 Ending balance $ 44,628 $ 40,982 $ 44,628 $ 40,982
Allowance for credit losses by loan portfolio segment and loan class	Activity in the allowance for credit losses by loan portfolio and loan class was as follows. Three Months Ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,190 $ — $ 57 $ (707 ) $ 7,540 Home equity and other 7,791 (95 ) 80 (213 ) 7,563 Total consumer loans 15,981 (95 ) 137 (920 ) 15,103 Commercial real estate loans Non-owner occupied commercial real estate 6,176 — — (25 ) 6,151 Multifamily 6,360 — — 687 7,047 Construction/land development 9,651 — 43 13 9,707 Total commercial real estate loans 22,187 — 43 675 22,905 Commercial and industrial loans Owner occupied commercial real estate 3,304 — — 158 3,462 Commercial business 3,064 — 7 87 3,158 Total commercial and industrial loans 6,368 — 7 245 6,620 Total allowance for credit losses $ 44,536 $ (95 ) $ 187 $ — $ 44,628 Three Months Ended June 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 9,208 $ — $ 2 $ (616 ) $ 8,594 Home equity and other 6,987 (145 ) 147 357 7,346 Total consumer loans 16,195 (145 ) 149 (259 ) 15,940 Commercial real estate loans Non-owner occupied commercial real estate 4,627 — — 137 4,764 Multifamily 4,651 — — 366 5,017 Construction/land development 9,159 — 172 (126 ) 9,205 Total commercial real estate loans 18,437 — 172 377 18,986 Commercial and industrial loans Owner occupied commercial real estate 2,966 — — 66 3,032 Commercial business 2,848 (652 ) 12 816 3,024 Total commercial and industrial loans 5,814 (652 ) 12 882 6,056 Total allowance for credit losses $ 40,446 $ (797 ) $ 333 $ 1,000 $ 40,982 Six Months Ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,217 $ — $ 142 $ (819 ) $ 7,540 Home equity and other 7,712 (141 ) 153 (161 ) 7,563 15,929 (141 ) 295 (980 ) 15,103 Commercial real estate loans Non-owner occupied commercial real estate 5,496 — — 655 6,151 Multifamily 5,754 — — 1,293 7,047 Construction/land development 9,539 — 47 121 9,707 Total commercial real estate loans 20,789 — 47 2,069 22,905 Commercial and industrial loans Owner occupied commercial real estate 3,282 — — 180 3,462 Commercial business 2,913 — 14 231 3,158 Total commercial and industrial loans 6,195 — 14 411 6,620 Total allowance for credit losses $ 42,913 $ (141 ) $ 356 $ 1,500 $ 44,628 Six Months Ended June 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 9,412 $ — $ 282 $ (1,100 ) $ 8,594 Home equity and other 7,081 (242 ) 223 284 7,346 16,493 (242 ) 505 (816 ) 15,940 Commercial real estate loans Non-owner occupied commercial real estate 4,755 — — 9 4,764 Multifamily 3,895 — — 1,122 5,017 Construction/land development 8,677 — 343 185 9,205 Total commercial real estate loans 17,327 — 343 1,316 18,986 Commercial and industrial loans Owner occupied commercial real estate 2,960 — — 72 3,032 Commercial business 2,336 (653 ) 163 1,178 3,024 5,296 (653 ) 163 1,250 6,056 Total allowance for credit losses $ 39,116 $ (895 ) $ 1,011 $ 1,750 $ 40,982
Recorded investment in loans by Impairment Methodology	The following tables disaggregate our allowance for credit losses and recorded investment in loans by impairment methodology. At June 30, 2019 (in thousands) Allowance: collectively evaluated for impairment Allowance: individually evaluated for impairment Total Loans: collectively evaluated for impairment Loans: individually evaluated for impairment Total Consumer loans Single family $ 7,460 $ 80 $ 7,540 $ 1,184,995 $ 69,806 $ 1,254,801 Home equity and other 7,524 39 7,563 587,194 1,048 588,242 Total consumer loans 14,984 119 15,103 1,772,189 70,854 1,843,043 Commercial real estate loans Non-owner occupied commercial real estate 6,151 — 6,151 767,447 — 767,447 Multifamily 7,047 — 7,047 995,120 484 995,604 Construction/land development 9,707 — 9,707 779,031 — 779,031 Total commercial real estate loans 22,905 — 22,905 2,541,598 484 2,542,082 Commercial and industrial loans Owner occupied commercial real estate 3,462 — 3,462 469,800 1,186 470,986 Commercial business 3,149 9 3,158 442,682 1,320 444,002 Total commercial and industrial loans 6,611 9 6,620 912,482 2,506 914,988 Total loans evaluated for impairment 44,500 128 44,628 5,226,269 73,844 5,300,113 Loans held for investment carried at fair value — — — — — 4,475 (1) Total loans held for investment $ 44,500 $ 128 $ 44,628 $ 5,226,269 $ 73,844 $ 5,304,588 At December 31, 2018 (in thousands) Allowance: collectively evaluated for impairment Allowance: individually evaluated for impairment Total Loans: collectively evaluated for impairment Loans: individually evaluated for impairment Total Consumer loans Single family $ 8,151 $ 66 $ 8,217 $ 1,286,556 $ 67,575 $ 1,354,131 Home equity and other 7,671 41 7,712 569,673 1,237 570,910 Total consumer loans 15,822 107 15,929 1,856,229 68,812 1,925,041 Commercial real estate loans Non-owner occupied commercial real estate 5,496 — 5,496 701,928 — 701,928 Multifamily 5,754 — 5,754 907,523 492 908,015 Construction/land development 9,539 — 9,539 793,818 726 794,544 Total commercial real estate loans 20,789 — 20,789 2,403,269 1,218 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 3,282 — 3,282 427,938 1,220 429,158 Commercial business 2,787 126 2,913 329,170 1,834 331,004 Total commercial and industrial loans 6,069 126 6,195 757,108 3,054 760,162 Total loans evaluated for impairment 42,680 233 42,913 5,016,606 73,084 5,089,690 Loans held for investment carried at fair value — — — — — 4,057 (1) Total loans held for investment $ 42,680 $ 233 $ 42,913 $ 5,016,606 $ 73,084 $ 5,093,747 (1) Comprised of single family loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.
Impaired loans by loan portfolio segment and loan class	The following tables present impaired loans by loan portfolio segment and loan class. At June 30, 2019 (in thousands) Recorded investment (1) Unpaid principal balance (2) Related allowance With no related allowance recorded: Consumer loans Single family (3) $ 68,133 $ 68,562 $ — Home equity and other 564 589 — Total consumer loans 68,697 69,151 — Commercial real estate loans Multifamily 484 484 — Total commercial real estate loans 484 484 — Commercial and industrial loans Owner occupied commercial real estate 1,186 1,520 — Commercial business 747 1,409 — Total commercial and industrial loans 1,933 2,929 — $ 71,114 $ 72,564 $ — With an allowance recorded: Consumer loans Single family $ 1,673 $ 1,682 $ 80 Home equity and other 484 484 39 Total consumer loans 2,157 2,166 119 Commercial and industrial loans Commercial business 573 606 9 Total commercial and industrial loans 573 606 9 $ 2,730 $ 2,772 $ 128 Total: Consumer loans Single family (3) $ 69,806 $ 70,244 $ 80 Home equity and other 1,048 1,073 39 Total consumer loans 70,854 71,317 119 Commercial real estate loans Multifamily 484 484 — Total commercial real estate loans 484 484 — Commercial and industrial loans Owner occupied commercial real estate 1,186 1,520 — Commercial business 1,320 2,015 9 Total commercial and industrial loans 2,506 3,535 9 Total impaired loans $ 73,844 $ 75,336 $ 128 (1) Includes partial charge-offs and nonaccrual interest paid and purchase discounts and premiums. (2) Unpaid principal balance does not include partial charge-offs, purchase discounts and premiums or nonaccrual interest paid. Related allowance is calculated on net book balances not unpaid principal balances. (3) Includes $68.3 million in single family performing trouble debt restructurings ("TDRs"). At December 31, 2018 (in thousands) Recorded investment (1) Unpaid principal balance (2) Related allowance With no related allowance recorded: Consumer loans Single family (3) $ 66,725 $ 67,496 $ — Home equity and other 743 769 — Total consumer loans 67,468 68,265 — Commercial real estate loans Multifamily 492 492 — Construction/land development 726 726 — Total commercial real estate loans 1,218 1,218 — Commercial and industrial loans Owner occupied commercial real estate 1,220 1,543 — Commercial business 1,331 2,087 — Total commercial and industrial loans 2,551 3,630 — $ 71,237 $ 73,113 $ — With an allowance recorded: Consumer loans Single family $ 850 $ 850 $ 66 Home equity and other 494 494 41 Total consumer loans 1,344 1,344 107 Commercial and industrial loans Commercial business 503 503 126 Total commercial and industrial loans 503 503 126 $ 1,847 $ 1,847 $ 233 Total: Consumer loans Single family (3) $ 67,575 $ 68,346 $ 66 Home equity and other 1,237 1,263 41 Total consumer loans 68,812 69,609 107 Commercial real estate loans Multifamily 492 492 — Construction/land development 726 726 — Total commercial real estate loans 1,218 1,218 — Commercial and industrial loans Owner occupied commercial real estate 1,220 1,543 — Commercial business 1,834 2,590 126 Total commercial and industrial loans 3,054 4,133 126 Total impaired loans $ 73,084 $ 74,960 $ 233 (1) Includes partial charge-offs and nonaccrual interest paid and purchase discounts and premiums. (2) Unpaid principal balance does not include partial charge-offs, purchase discounts and premiums or nonaccrual interest paid. Related allowance is calculated on net book balances not unpaid principal balances. (3) Includes $65.8 million in single family performing TDRs.
Average recorded investment in impaired loans	The following tables provide the average recorded investment and interest income recognized on impaired loans by portfolio segment and class. Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 69,664 $ 720 $ 68,188 $ 657 Home equity and other 1,086 14 1,263 19 Total consumer loans 70,750 734 69,451 676 Commercial real estate loans Non-owner occupied commercial real estate 6 — — — Multifamily 486 7 792 6 Construction/land development 2,338 — 628 6 Total commercial real estate loans 2,830 7 1,420 12 Commercial and industrial loans Owner occupied commercial real estate 4,112 19 2,057 19 Commercial business 1,679 9 2,405 29 Total commercial and industrial loans 5,791 28 4,462 48 $ 79,371 $ 769 $ 75,333 $ 736 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 68,968 $ 1,426 $ 70,525 $ 1,310 Home equity and other 1,136 32 1,272 38 Total consumer loans 70,104 1,458 71,797 1,348 Commercial real estate loans Non-owner occupied commercial real estate 4 — — — Multifamily 488 14 797 12 Construction/land development 1,800 — 570 11 Total commercial real estate loans 2,292 14 1,367 23 Commercial and industrial loans Owner occupied commercial real estate 3,148 112 2,367 55 Commercial business 1,731 20 2,639 66 Total commercial and industrial loans 4,879 132 5,006 121 $ 77,275 $ 1,604 $ 78,170 $ 1,492
Designated loan grades by loan portfolio segment and loan class	The following tables summarize designated loan grades by loan portfolio segment and loan class. At June 30, 2019 (in thousands) Pass Watch Special mention Substandard Total Consumer loans Single family $ 1,243,250 (1) $ 1,829 $ 6,991 $ 7,316 $ 1,259,386 Home equity and other 586,177 157 873 925 588,132 Total consumer loans 1,829,427 1,986 7,864 8,241 1,847,518 Commercial real estate loans Non-owner occupied commercial real estate 764,518 2,929 — — 767,447 Multifamily 992,010 3,594 — — 995,604 Construction/land development 740,562 21,521 16,879 69 779,031 Total commercial real estate loans 2,497,090 28,044 16,879 69 2,542,082 Commercial and industrial loans Owner occupied commercial real estate 435,604 27,030 6,217 2,135 470,986 Commercial business 407,808 18,036 16,007 2,151 444,002 Total commercial and industrial loans 843,412 45,066 22,224 4,286 914,988 $ 5,169,929 $ 75,096 $ 46,967 $ 12,596 $ 5,304,588 (1) Includes $4.5 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations. At December 31, 2018 (in thousands) Pass Watch Special mention Substandard Total Consumer loans Single family $ 1,338,025 (1) $ 2,882 $ 8,775 $ 8,493 $ 1,358,175 Home equity and other 569,370 95 510 948 570,923 Total consumer loans 1,907,395 2,977 9,285 9,441 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 695,077 1,426 5,425 — 701,928 Multifamily 903,897 3,626 492 — 908,015 Construction/land development 767,113 21,531 1,084 4,816 794,544 Total commercial real estate loans 2,366,087 26,583 7,001 4,816 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 392,273 22,928 11,087 2,870 429,158 Commercial business 299,225 14,331 15,427 2,021 331,004 Total commercial and industrial loans 691,498 37,259 26,514 4,891 760,162 $ 4,964,980 $ 66,819 $ 42,800 $ 19,148 $ 5,093,747 (1) Includes $4.1 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.
Past due loans by portfolio segment and loan class	The following tables present an aging analysis of past due loans by loan portfolio segment and loan class. At June 30, 2019 (in thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total loans 90 days or more past due and accruing Consumer loans Single family $ 4,154 $ 3,299 $ 32,580 $ 40,033 $ 1,219,353 (1) $ 1,259,386 $ 25,264 (2) Home equity and other 49 157 924 1,130 587,002 588,132 — Total consumer loans 4,203 3,456 33,504 41,163 1,806,355 1,847,518 25,264 Commercial real estate loans Non-owner occupied commercial real estate — — — — 767,447 767,447 — Multifamily — — — — 995,604 995,604 — Construction/land development — — 69 69 778,962 779,031 — Total commercial real estate loans — — 69 69 2,542,013 2,542,082 — Commercial and industrial loans Owner occupied commercial real estate 833 — 353 1,186 469,800 470,986 — Commercial business — — 2,428 2,428 441,574 444,002 1,160 Total commercial and industrial loans 833 — 2,781 3,614 911,374 914,988 1,160 $ 5,036 $ 3,456 $ 36,354 $ 44,846 $ 5,259,742 $ 5,304,588 $ 26,424 At December 31, 2018 (in thousands) 30-59 days 60-89 days 90 days or Total past Current Total 90 days or Consumer loans Single family $ 9,725 $ 3,653 $ 47,609 $ 60,987 $ 1,297,188 (1) $ 1,358,175 $ 39,116 (2) Home equity and other 145 100 948 1,193 569,730 570,923 — Total consumer loans 9,870 3,753 48,557 62,180 1,866,918 1,929,098 39,116 Commercial real estate loans Non-owner occupied commercial real estate — — — — 701,928 701,928 — Multifamily — — — — 908,015 908,015 — Construction/land development — — 72 72 794,472 794,544 — Total commercial real estate loans — — 72 72 2,404,415 2,404,487 — Commercial and industrial loans Owner occupied commercial real estate — — 374 374 428,784 429,158 — Commercial business — — 1,732 1,732 329,272 331,004 — Total commercial and industrial loans — — 2,106 2,106 758,056 760,162 — $ 9,870 $ 3,753 $ 50,735 $ 64,358 $ 5,029,389 $ 5,093,747 $ 39,116 (1) Includes $4.5 million and $4.1 million of loans at June 30, 2019 and December 31, 2018 , respectively, where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in our consolidated statements of operations. (2) FHA-insured and VA-guaranteed single family loans that are 90 days or more past due are maintained on accrual status if they are determined to have little to no risk of loss.
Performing and non-performing loan balances by portfolio segment and loan class	The following tables present performing and nonperforming loan balances by loan portfolio segment and loan class. At June 30, 2019 (in thousands) Accrual Nonaccrual Total Consumer loans Single family (1) $ 1,252,070 $ 7,316 $ 1,259,386 Home equity and other 587,208 924 588,132 Total consumer loans 1,839,278 8,240 1,847,518 Commercial real estate loans Non-owner occupied commercial real estate 767,447 — 767,447 Multifamily 995,604 — 995,604 Construction/land development 778,962 69 779,031 Total commercial real estate loans 2,542,013 69 2,542,082 Commercial and industrial loans Owner occupied commercial real estate 470,633 353 470,986 Commercial business 442,734 1,268 444,002 Total commercial and industrial loans 913,367 1,621 914,988 $ 5,294,658 $ 9,930 $ 5,304,588 At December 31, 2018 (in thousands) Accrual Nonaccrual Total Consumer loans Single family (1) $ 1,349,682 $ 8,493 $ 1,358,175 Home equity and other 569,975 948 570,923 Total consumer loans 1,919,657 9,441 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 701,928 — 701,928 Multifamily 908,015 — 908,015 Construction/land development 794,472 72 794,544 Total commercial real estate loans 2,404,415 72 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 428,784 374 429,158 Commercial business 329,272 1,732 331,004 Total commercial and industrial loans 758,056 2,106 760,162 $ 5,082,128 $ 11,619 $ 5,093,747 (1) Includes $4.5 million and $4.1 million of loans at June 30, 2019 and December 31, 2018 , where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.
TDR activity by loan portfolio segment and loan class	The following tables present information about TDR activity during the periods presented. Three Months Ended June 30, 2019 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 2 $ 82 $ — Payment restructure 42 8,723 — Home equity and other Payment restructure 1 116 — Total consumer Interest rate reduction 2 82 — Payment restructure 43 8,839 — 45 8,921 — Commercial and industrial loans Commercial business Payment restructure 1 259 — Total commercial and industrial Payment restructure 1 259 — 1 259 — Total loans Interest rate reduction 2 82 — Payment restructure 44 9,098 — 46 $ 9,180 $ — Three Months Ended June 30, 2018 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 5 $ 777 $ — Payment restructure 39 8,741 — Total consumer Interest rate reduction 5 777 — Payment restructure 39 8,741 — 44 9,518 — Total loans Interest rate reduction 5 777 — Payment restructure 39 8,741 — 44 $ 9,518 $ — Six Months Ended June 30, 2019 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 7 $ 1,274 $ — Payment restructure 90 18,484 — Home equity and other Payment restructure 1 116 — Total consumer Interest rate reduction 7 1,274 — Payment restructure 91 18,600 — 98 19,874 — Commercial real estate loans Construction/land development Payment restructure 1 4,675 — Total commercial real estate Payment restructure 1 4,675 — 1 4,675 — Commercial and industrial loans Owner occupied commercial real estate Payment restructure 1 5,840 — Commercial business Payment restructure 1 259 — Total commercial and industrial Payment restructure 2 6,099 — 2 6,099 — Total loans Interest rate reduction 7 1,274 — Payment restructure 94 29,374 — 101 $ 30,648 $ — Six Months Ended June 30, 2018 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 13 $ 2,462 $ — Payment restructure 64 13,930 — Total consumer Interest rate reduction 13 2,462 — Payment restructure 64 13,930 — 77 16,392 — Commercial and industrial loans Commercial business Payment restructure 2 267 — Total commercial and industrial Payment restructure 2 267 — 2 267 — Total loans Interest rate reduction 13 2,462 — Payment restructure 66 14,197 — 79 $ 16,659 $ —
TDR balances that subsequently re-defaulted	The following table presents loans that were modified as TDRs within the previous 12 months and subsequently re-defaulted during the three and six months ended June 30, 2019 and 2018 , respectively. A TDR loan is considered re-defaulted when it becomes doubtful that the objectives of the modifications will be met, generally when a consumer loan TDR becomes 60 days or more past due on principal or interest payments or when a commercial loan TDR becomes 90 days or more past due on principal or interest payments. Three Months Ended June 30, 2019 2018 (dollars in thousands) Number of loan relationships that re-defaulted Recorded Number of loan relationships that re-defaulted Recorded Consumer loans Single family 1 $ 171 6 $ 1,395 1 $ 171 6 $ 1,395 Six Months Ended June 30, 2019 2018 (dollars in thousands) Number of loan relationships that re-defaulted Recorded Number of loan relationships that re-defaulted Recorded Consumer loans Single family 6 $ 1,230 12 $ 2,279 6 $ 1,230 12 $ 2,279

DEPOSITS - (Tables)

DEPOSITS - (Tables)	6 Months Ended
	Jun. 30, 2019
Banking and Thrift [Abstract]
Deposit balances, including stated rates	Deposit balances, including stated rates, were as follows. (in thousands) At June 30, At December 31, Noninterest-bearing accounts (1) $ 996,185 $ 914,154 NOW accounts, 0.00% to 1.44% at June 30, 2019 and December 31, 2018 444,130 376,137 Statement savings accounts, due on demand, 0.05% to 1.13% at June 30, 2019 and December 31, 2018 227,762 245,795 Money market accounts, due on demand, 0.00% to 2.40% at June 30, 2019 and December 31, 2018 1,995,244 1,935,516 Certificates of deposit, 0.10% to 3.80% at June 30, 2019 and December 31, 2018 2,060,376 1,579,806 $ 5,723,697 $ 5,051,408 (1) Includes $132.8 million and $162.8 million in servicing deposits related to discontinued operations at June 30, 2019 and December 31, 2018 , respectively. These deposits will be transferred to the MSR buyers upon transfer of the loan servicing.
Interest expense on deposits	Interest expense on deposits was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 NOW accounts $ 394 $ 430 $ 769 $ 870 Statement savings accounts 137 217 286 446 Money market accounts 6,890 4,064 12,693 7,523 Certificates of deposit 9,519 4,851 17,504 8,511 $ 16,940 $ 9,562 $ 31,252 $ 17,350
Certificates of deposit outstanding	Certificates of deposit outstanding mature as follows. (in thousands) At June 30, Within one year $ 1,642,905 One to two years 339,683 Two to three years 47,011 Three to four years 17,424 Four to five years 12,960 Thereafter 393 $ 2,060,376

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES - (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional amount and fair value for derivatives	The notional amounts and fair values for derivatives consist of the following. At June 30, 2019 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 1,947,212 $ 2,361 $ (3,652 ) Interest rate swaptions 21,000 485 — Interest rate lock and purchase loan commitments 423,414 8,666 (42 ) Interest rate swaps 421,369 22,418 (7,354 ) Eurodollar futures 1,291,000 49 — Total derivatives before netting $ 4,103,995 33,979 (11,048 ) Netting adjustment/Cash collateral (1) (6,035 ) 10,746 Carrying value on consolidated statements of financial condition (2) $ 27,944 $ (302 ) At December 31, 2018 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 1,334,947 $ 3,025 $ (5,340 ) Interest rate swaptions 34,000 203 — Interest rate lock and purchase loan commitments 390,558 10,289 (5 ) Interest rate swaps 803,652 14,566 (11,549 ) Eurodollar futures 3,135,000 — (110 ) Total derivatives before netting $ 5,698,157 28,083 (17,004 ) Netting adjustment/Cash collateral (1) (8,329 ) 12,517 Carrying value on consolidated statements of financial condition (2) $ 19,754 $ (4,487 ) (1) Includes cash collateral of $4.7 million and $4.2 million at June 30, 2019 and December 31, 2018 , as part of netting adjustments which primarily consists of collateral transferred by the Company at the initiation of derivative transactions and held by the counterparty as security. (2) Includes both continuing and discontinued operations.
Fair value, concentration of risk	The following tables present gross and net information about derivative instruments. At June 30, 2019 (in thousands) Gross fair value Netting adjustments/ Cash collateral (1) Carrying value Securities not offset in consolidated balance sheet (disclosure-only netting) Net amount Derivative assets $ 33,979 $ (6,035 ) $ 27,944 $ — $ 27,944 Derivative liabilities (11,048 ) 10,746 (302 ) — (302 ) At December 31, 2018 (in thousands) Gross fair value Netting adjustments/ Cash collateral (1) Carrying value Securities not offset in consolidated balance sheet (disclosure-only netting) Net amount Derivative assets $ 28,083 $ (8,329 ) $ 19,754 $ — $ 19,754 Derivative liabilities (17,004 ) 12,517 (4,487 ) 3,223 (1,264 ) (1) Includes cash collateral of $4.7 million and $4.2 million at June 30, 2019 and December 31, 2018 , respectively, as part of the netting adjustments which primarily consists of collateral transferred by the Company at the initiation of derivative transactions and held by the counterparty as security.
Net gains (losses) recognized on economic hedge derivatives	The following table presents the net gain (loss) recognized on derivatives, including economic hedge derivatives, within the respective line items in the statement of operations for the periods indicated. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Recognized in noninterest income: (1) Net (loss) gain on loan origination and sale activities (2) $ (11,245 ) $ 2,957 $ (11,099 ) $ 17,082 Loan servicing income (loss) (3) 7,194 (12,188 ) 10,877 (43,165 ) Other (4) 25 — 34 — $ (4,026 ) $ (9,231 ) $ (188 ) $ (26,083 ) (1) Includes both continuing and discontinued operations. (2) Comprised of interest rate lock commitments ("IRLCs") and forward contracts used as an economic hedge of IRLCs and single family mortgage loans held for sale. (3) Comprised of interest rate swaps, interest rate swaptions, futures and forward contracts used as an economic hedge of single family MSRs. (4) Comprised of interest rate swaps used as an economic hedge of loans held for investment.

MORTGAGE BANKING OPERATIONS - (

MORTGAGE BANKING OPERATIONS - (Tables)	6 Months Ended
	Jun. 30, 2019
Mortgage Banking [Abstract]
Mortgage loans on real estate, by loan	Loans held for sale consisted of the following. (in thousands) At June 30, At December 31, Single family (1) $ 401,805 $ 321,868 Multifamily DUS ® (2) 51,212 21,974 Small Business Administration ("SBA") 1,595 3,165 CRE-Non-DUS ® (1) 10,878 — Total loans held for sale (1) $ 465,490 $ 347,007 (1) Includes loans from discontinued operations of $320.2 million and $269.7 million at June 30, 2019 and December 31, 2018 , respectively. (2) Fannie Mae Multifamily Delegated Underwriting and Servicing Program ("DUS" ® ) is a registered trademark of Fannie Mae. Loans sold proceeds consisted of the following. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Single family $ 1,393,848 $ 1,629,745 $ 2,387,467 $ 3,180,469 Multifamily DUS ® (1) 22,984 54,621 44,911 87,597 SBA 1,669 3,622 8,778 7,314 CRE-Non-DUS ® (1)(2) 127,009 114,650 262,044 114,650 Single family (2) 60,216 138,603 71,446 138,603 Total loans sold $ 1,605,726 $ 1,941,241 $ 2,774,646 $ 3,528,633 (1) Fannie Mae Multifamily DUS ® is a registered trademark of Fannie Mae. (2)
Net gain on loan origination and sale activity	Gain on loan origination and sale activities, including the effects of derivative risk management instruments, consisted of the following. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Single family: Servicing value and secondary market gains (1) $ 29,139 $ 48,182 $ 60,982 $ 89,609 Loan origination and funding fees 4,420 6,158 8,065 11,603 Total single family 33,559 54,340 69,047 101,212 Multifamily DUS ® (2) 659 1,613 1,193 2,759 SBA 132 385 507 686 CRE-Non-DUS ® (2)(3) 2,035 800 3,786 800 Single family (3) (10 ) (89 ) (63 ) (89 ) Total gain on loan origination and sale activities (4) $ 36,375 $ 57,049 $ 74,470 $ 105,368 (1) Comprised of gains and losses on interest rate lock and purchase loan commitments (which considers the value of servicing), single family loans held for sale, forward sale commitments used to economically hedge secondary market activities, and changes in the Company's repurchase liability for loans that have been sold. (2) Fannie Mae Multifamily DUS ® is a registered trademark of Fannie Mae. (3) Loans originated as held for investment. (4) Includes $24.2 million and $54.3 million from discontinued operations for three months ended June 30, 2019 and 2018 and $59.7 million and $101.2 million for the six months ended 2019 and 2018 , respectively.
Company's portfolio of loans serviced for others	The composition of loans serviced for others that contribute to loan servicing income is presented below at the unpaid principal balance. (in thousands) At June 30, At December 31, Single family (1) U.S. government and agency $ 6,204,566 $ 19,541,450 Other 586,389 610,285 6,790,955 20,151,735 Commercial Multifamily DUS ® (2) 1,452,103 1,458,020 Other 83,419 84,457 1,535,522 1,542,477 Total loans serviced for others $ 8,326,477 $ 21,694,212 (1) Includes both continuing and discontinued operations at December 31, 2018. (2) Fannie Mae Multifamily DUS ® is a registered trademark of Fannie Mae.
Mortgage repurchase losses	The following is a summary of changes in the Company's liability for estimated mortgage repurchase losses. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 3,256 $ 2,665 $ 3,120 $ 3,015 Additions, net of adjustments (1) 251 (5 ) 504 605 Realized losses (2) (270 ) (156 ) (387 ) (1,116 ) Balance, end of period $ 3,237 $ 2,504 $ 3,237 $ 2,504 (1) Includes additions for new loan sales and changes in estimated probable future repurchase losses on previously sold loans. (2) Includes principal losses and accrued interest on repurchased loans, "make-whole" settlements, settlements with claimants and certain related expense.
Revenue from mortgage servicing, including the effects of derivative risk management instruments	Revenue from mortgage servicing, including the effects of derivative risk management instruments, consisted of the following. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Servicing income, net: Servicing fees and other $ 6,066 $ 18,385 $ 23,423 $ 36,836 Changes in fair value of single family MSRs due to modeled amortization (1) (3,422 ) (9,400 ) (12,405 ) (18,270 ) Amortization of multifamily and SBA MSRs (1,102 ) (1,064 ) (2,478 ) (2,113 ) 1,542 7,921 8,540 16,453 Risk management, single family MSRs: Changes in fair value of MSRs due to changes in market inputs and/or model updates (2)(3) (9,414 ) 11,299 (14,692 ) 41,318 Net gain (loss) from derivatives economically hedging MSR 7,194 (12,188 ) 10,877 (43,165 ) (2,220 ) (889 ) (3,815 ) (1,847 ) Loan servicing income (4) $ (678 ) $ 7,032 $ 4,725 $ 14,606 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in market inputs, which include current market interest rates and prepayment model updates, both of which affect future prepayment speed and cash flow projections. (3) Includes pre-tax loss of $2.0 million and $1.3 million net of transaction costs and brokerage fees prepayment reserves, resulting from the sale of single family MSRs during the three and six months ended June 30, 2019 and pre-tax income of $573 thousand for the three and six months ended June 30, 2018 . (4) Includes $ (2.9) million and $6.1 million from discontinued operations for three months ended June 30, 2019 and 2018 and $1.5 million and $12.8 million for the six months ended 2019 and 2018 , respectively.
Key economic assumptions used in measuring initial FV of capitalized single family MSRs	Key economic assumptions used in measuring the initial fair value of capitalized single family MSRs were as follows. Three Months Ended June 30, Six Months Ended June 30, (rates per annum) (1) 2019 2018 2019 2018 Constant prepayment rate ("CPR") (2) 18.03 % 15.69 % 18.81 % 14.72 % Discount rate (3) 9.41 % 10.29 % 9.55 % 10.26 % (1) Weighted average rates for sales during the period for sales of loans with similar characteristics. (2) Represents the expected lifetime average. (3) Discount rate is a rate based on market observations.
Schedule of sensitivity analysis of fair value, transferor's interests in transferred financial assets	Key economic assumptions and the sensitivity of the current fair value for single family MSRs to immediate adverse changes in those assumptions were as follows. (dollars in thousands) At June 30, 2019 Fair value of single family MSR $ 67,723 Expected weighted-average life (in years) 4.78 Constant prepayment rate (1) 17.46 % Impact on fair value of 25 basis points adverse change in interest rates $ (4,896 ) Impact on fair value of 50 basis points adverse change in interest rates $ (9,574 ) Discount rate 9.30 % Impact on fair value of 100 basis points increase $ (2,093 ) Impact on fair value of 200 basis points increase $ (4,050 ) (1) Represents the expected lifetime average.
Changes in single family MSRs measured at fair value	The changes in single family MSRs measured at fair value are as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 68,250 $ 294,062 $ 252,168 $ 258,560 Additions and amortization: Originations 10,184 16,673 17,471 31,026 Sale of single family MSRs — (66,890 ) (176,944 ) (66,890 ) Changes due to modeled amortization (1) (3,422 ) (9,400 ) (12,405 ) (18,270 ) Net additions and amortization 6,762 (59,617 ) (171,878 ) (54,134 ) Changes in fair value of MSRs due to changes in market inputs and/or model updates (2) (7,289 ) 11,299 (12,567 ) 41,318 Ending balance $ 67,723 $ 245,744 $ 67,723 $ 245,744 (1) Represents changes due to collection/realization of expected cash flows and curtailments. (2) Principally reflects changes in market inputs, which include current market interest rates and prepayment model updates, both of which affect future prepayment speed and cash flow projections.
Changes in multifamily MSRs measured at the lower of amortized cost or fair value	The changes in multifamily MSRs measured at the lower of amortized cost or fair value were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 27,692 $ 26,042 $ 28,326 $ 26,093 Origination 530 1,409 1,161 2,343 Amortization (995 ) (991 ) (2,260 ) (1,976 ) Ending balance $ 27,227 $ 26,460 $ 27,227 $ 26,460
Projected amortization expense for the gross carrying value of multifamily MSRs	At June 30, 2019 , the expected weighted-average remaining life of the Company's multifamily MSRs was 10.48 years . Projected amortization expense for the gross carrying value of multifamily MSRs is estimated as follows. (in thousands) At June 30, 2019 Remainder of 2019 $ 1,983 2020 3,908 2021 3,729 2022 3,486 2023 3,268 2024 2,992 2025 and thereafter 7,861 Carrying value of multifamily MSR $ 27,227

FAIR VALUE MEASUREMENT - (Table

FAIR VALUE MEASUREMENT - (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair value measurement methodologies	The following table summarizes the fair value measurement methodologies, including significant inputs and assumptions, and classification of the Company's assets and liabilities. Asset/Liability class Valuation methodology, inputs and assumptions Classification Investment securities Investment securities available for sale Observable market prices of identical or similar securities are used where available. Level 2 recurring fair value measurement. If market prices are not readily available, value is based on discounted cash flows using the following significant inputs: • Expected prepayment speeds • Estimated credit losses • Market liquidity adjustments Level 3 recurring fair value measurement. Loans held for sale Single family loans, excluding loans transferred from held for investment Fair value is based on observable market data, including: • Quoted market prices, where available • Dealer quotes for similar loans • Forward sale commitments Level 2 recurring fair value measurement. When not derived from observable market inputs, fair value is based on discounted cash flows, which considers the following inputs: • Benchmark yield curve • Estimated discount spread to the benchmark yield curve • Expected prepayment speeds Estimated fair value classified as Level 3. Mortgage servicing rights Single family MSRs For information on how the Company measures the fair value of its single family MSRs, including key economic assumptions and the sensitivity of fair value to changes in those assumptions, see Note 7 , Mortgage Banking Operations . Level 3 recurring fair value measurement. Derivatives Eurodollar futures Fair value is based on closing exchange prices. Level 1 recurring fair value measurement. Interest rate swaps Interest rate swaptions Forward sale commitments Fair value is based on quoted prices for identical or similar instruments, when available. Level 2 recurring fair value measurement. Interest rate lock and purchase loan commitments The fair value considers several factors including: • Fair value of the underlying loan based on quoted prices in the secondary market, when available. • Value of servicing • Fall-out factor Level 3 recurring fair value measurement.
Schedule of fair value hierarchy measurement	The following table presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a recurring basis. (in thousands) Fair Value at June 30, 2019 Level 1 Level 2 Level 3 Assets: Investment securities available for sale Mortgage backed securities: Residential $ 110,021 $ — $ 108,132 $ 1,889 Commercial 30,428 — 30,428 — Collateralized mortgage obligations: Residential 157,064 — 157,064 — Commercial 124,579 — 124,579 — Municipal bonds 357,097 — 357,097 — Corporate debt securities 18,897 — 18,805 92 U.S. Treasury securities 1,311 — 1,311 — Agency debentures — — — — Single family mortgage servicing rights 67,723 — — 67,723 Single family loans held for sale (1) 401,805 — 397,378 4,427 Single family loans held for investment 4,475 — — 4,475 Derivatives (1) Eurodollar futures 49 49 — — Forward sale commitments 2,361 — 2,361 — Interest rate swaptions 485 — 485 — Interest rate lock and purchase loan commitments 8,666 — — 8,666 Interest rate swaps 22,418 — 22,418 — Total assets $ 1,307,379 $ 49 $ 1,220,058 $ 87,272 Liabilities: Derivatives Forward sale commitments $ 3,652 $ — 3,652 $ — Interest rate lock and purchase loan commitments 42 — — 42 Interest rate swaps 7,354 — 7,354 — Total liabilities $ 11,048 $ — $ 11,006 $ 42 (1) Includes both continuing and discontinued operations. (in thousands) Fair Value at December 31, 2018 Level 1 Level 2 Level 3 Assets: Investment securities available for sale Mortgage backed securities: Residential $ 107,961 $ — $ 107,961 $ — Commercial 34,514 — 34,514 — Collateralized mortgage obligations: Residential 166,744 — 166,744 — Commercial 116,674 — 116,674 — Municipal bonds 385,655 — 385,655 — Corporate debt securities 19,995 — 19,995 — U.S. Treasury securities 10,900 — 10,900 — Agency debentures 9,525 — 9,525 — Single family mortgage servicing rights 252,168 — — 252,168 Single family loans held for sale 321,868 — 319,177 2,691 Single family loans held for investment 4,057 — — 4,057 Derivatives Forward sale commitments 3,025 — 3,025 — Interest rate swaptions 203 — 203 — Interest rate lock and purchase loan commitments 10,289 — — 10,289 Interest rate swaps 14,566 — 14,566 — Total assets $ 1,458,144 $ — $ 1,188,939 $ 269,205 Liabilities: Derivatives Eurodollar futures $ 110 $ 110 $ — $ — Forward sale commitments 5,340 — 5,340 — Interest rate lock and purchase loan commitments 5 — — 5 Interest rate swaps 11,550 — 11,550 — Total liabilities $ 17,005 $ 110 $ 16,890 $ 5
Schedule of inputs used to measure fair value	The following information presents significant Level 3 unobservable inputs used to measure fair value of certain investment securities available for sale. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Investment securities available for sale (1) $ 1,981 Income approach Implied spread to benchmark interest rate curve 2.00% 2.00% 2.00% (1) In conjunction with adopting ASU 2017-12 in the first quarter of 2019, we transferred $66.2 million HTM securities to AFS, therefore we did not have any similar activity in June 30, 2018 . The following information presents significant Level 3 unobservable inputs used to measure fair value of single family loans held for investment where fair value option was elected. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for investment, fair value option $ 4,475 Income approach Implied spread to benchmark interest rate curve 3.90% 5.25% 4.40% (dollars in thousands) At December 31, 2018 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for investment, fair value option $ 4,057 Income approach Implied spread to benchmark interest rate curve 3.34% 5.15% 4.20% The following information presents significant Level 3 unobservable inputs used to measure fair value of certain single family loans held for sale where fair value option was elected. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for sale, fair value option $ 4,427 Income approach Implied spread to benchmark interest rate curve 4.57% 6.74% 5.43% Market price movement from comparable bond —% 0.31% 0.15% (dollars in thousands) At December 31, 2018 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for sale, fair value option $ 2,691 Income approach Implied spread to benchmark interest rate curve 4.26% 4.96% 4.40% Market price movement from comparable bond 0.71% 1.09% 0.90% The following information presents significant Level 3 unobservable inputs used to measure fair value of interest rate lock and purchase loan commitments. (dollars in thousands) At June 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Interest rate lock and purchase loan commitments, net $ 8,624 Income approach Fall-out factor —% 79.29% 12.30% Value of servicing 0.50% 1.59% 1.07% (dollars in thousands) At December 31, 2018 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Interest rate lock and purchase loan commitments, net $ 10,284 Income approach Fall-out factor —% 67.92% 19.84% Value of servicing 0.54% 1.64% 0.93%
Schedule of fair value changes and activity for Level 3	The following table present fair value changes and activity for Level 3 investment securities available for sale. Three Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale (1) $ 1,937 $ — $ — $ (40 ) $ 84 $ 1,981 (1) In conjunction with adopting ASU 2017-12 in the first quarter of 2019, we transferred $66.2 million HTM securities to AFS. Therefore we did not have any similar activity for three months ended June 30, 2018 . Six Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale (1) $ — $ — $ 2,379 $ (80 ) $ (318 ) $ 1,981 (1) In conjunction with adopting ASU 2017-12 in the first quarter of 2019, we transferred $66.2 million HTM securities to AFS. Therefore we did not have any similar activity for six months ended June 30, 2018 . The following tables present fair value changes and activity for Level 3 loans held for sale and loans held for investment. Three Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 4,525 $ 781 $ — $ (909 ) $ 30 $ 4,427 Loans held for investment 4,830 274 — (603 ) (26 ) 4,475 Three Months Ended June 30, 2018 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 3,326 $ 556 $ — $ (1,997 ) $ (62 ) $ 1,823 Loans held for investment 5,304 — — (1,114 ) (3 ) 4,187 Six Months Ended June 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 2,691 $ 2,667 $ — $ (909 ) $ (22 ) $ 4,427 Loans held for investment 4,057 999 — (606 ) 25 4,475 Six Months Ended June 30, 2018 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 1,336 $ 2,601 $ — $ (1,997 ) $ (117 ) $ 1,823 Loans held for investment 5,477 — — (1,114 ) (176 ) 4,187 The following table presents fair value changes and activity for Level 3 interest rate lock and purchase loan commitments. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance, net $ 14,056 $ 16,676 $ 10,284 $ 12,925 Total realized/unrealized gains 13,747 28,566 33,412 51,080 Settlements (19,179 ) (28,376 ) (35,072 ) (47,139 ) Ending balance, net $ 8,624 $ 16,866 $ 8,624 $ 16,866
Schedule of assets that had changes in their recorded fair value	The following tables present assets that had changes in their recorded fair value during the three and six months ended June 30, 2019 and 2018 and assets held at the end of the respective reporting period. At or for the Three Months Ended June 30, 2019 (in thousands) Fair Value of Assets Held at June 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 348 $ — $ — $ 348 $ (4 ) Total $ 348 $ — $ — $ 348 $ (4 ) At or for the Three Months Ended June 30, 2018 (in thousands) Fair Value of Assets Held at June 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,341 $ — $ — $ 1,341 $ (7 ) Total $ 1,341 $ — $ — $ 1,341 $ (7 ) At or for the Six Months Ended June 30, 2019 (in thousands) Fair Value of Assets Held at June 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 348 $ — $ — $ 348 $ (4 ) Total $ 348 $ — $ — $ 348 $ (4 ) At or for the Six Months Ended June 30, 2018 (in thousands) Fair Value of Assets Held at June 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,341 $ — $ — $ 1,341 $ (144 ) Total $ 1,341 $ — $ — $ 1,341 $ (144 ) (1) Represents the carrying value of loans for which adjustments are based on the fair value of the collateral.
Schedule of the fair value hierarchy	The following presents the carrying value, estimated fair value and the levels of the fair value hierarchy for the Company's financial instruments other than assets and liabilities measured at fair value on a recurring basis. At June 30, 2019 (in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 99,602 $ 99,602 $ 99,602 $ — $ — Investment securities held to maturity 4,422 4,520 — 4,520 — Loans held for investment 5,283,384 5,415,713 — — 5,415,713 Loans held for sale – multifamily and other 52,808 52,808 — 52,808 — Mortgage servicing rights – multifamily 27,229 30,048 — — 30,048 Federal Home Loan Bank stock 24,048 24,048 — 24,048 — Liabilities: Time deposits $ 2,060,376 $ 2,069,651 $ — $ 2,069,651 $ — Federal Home Loan Bank advances 387,590 389,231 — 389,231 — Long-term debt 125,556 114,717 — 114,717 — At December 31, 2018 (in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 57,982 $ 57,982 $ 57,982 $ — $ — Investment securities held to maturity 71,285 70,546 — 70,546 — Loans held for investment 5,071,314 5,099,960 — — 5,099,960 Loans held for sale – multifamily and other 25,139 25,139 — 25,139 — Mortgage servicing rights – multifamily 28,328 31,168 — — 31,168 Federal Home Loan Bank stock 45,497 45,497 — 45,497 — Liabilities: Time deposits $ 1,579,806 $ 1,575,139 $ — $ 1,575,139 $ — Federal Home Loan Bank advances 932,590 935,021 — 935,021 — Federal funds purchased and securities sold under agreements to repurchase 19,000 19,021 19,021 — — Long-term debt 125,462 112,475 — 112,475 —

EARNINGS PER SHARE - (Tables)

EARNINGS PER SHARE - (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table summarizes the calculation of earnings per share. Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share and per share data) 2019 2018 2019 2018 EPS numerator: Income from continuing operations $ 8,892 $ 4,171 $ 13,950 $ 5,925 Undistributed stock dividends share repurchase (283 ) — (283 ) — Allocated undistributed earnings in share repurchase (60 ) — (47 ) — Income from continuing operations available to common shareholders 8,549 4,171 13,620 5,925 (Loss) income from discontinued operations (14,480 ) 2,928 (21,253 ) 7,040 Net (loss) income $ (5,931 ) $ 7,099 $ (7,633 ) $ 12,965 EPS denominator: Weighted average shares: (2) Basic weighted-average number of common shares outstanding 26,619,216 26,976,892 26,820,361 26,952,178 Dilutive effect of outstanding common stock equivalents (1) 182,914 179,437 173,292 205,486 Diluted weighted-average number of common stock outstanding 26,802,130 27,156,329 26,993,653 27,157,664 Basic earnings per share: Income from continuing operations $ 0.32 $ 0.15 $ 0.51 $ 0.22 (Loss) income from discontinued operations (0.54 ) 0.11 (0.79 ) 0.26 Basic earnings per share $ (0.22 ) $ 0.26 $ (0.28 ) $ 0.48 Diluted earnings per share: Income from continuing operations $ 0.32 $ 0.15 $ 0.51 $ 0.22 (Loss) income from discontinued operations (0.54 ) 0.11 (0.79 ) 0.26 Diluted earnings per share $ (0.22 ) $ 0.26 $ (0.28 ) $ 0.48 (1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the three and six months ended June 30, 2019 and 2018 were certain stock options and unvested restricted stock issued to key senior management personnel and directors of the Company. The aggregate number of common stock equivalents related to such options and unvested restricted shares, which could potentially be dilutive in future periods, was 83 at June 30, 2019 and 9,259 at June 30, 2018 . (2) On July 11, 2019 we repurchased 1.7 million of our common shares from a large shareholder group, which would have increased diluted earnings per share.

LEASES - (Tables)

LEASES - (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Lease Cost	The components of lease expense were as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2019 Operating lease cost $ 3,765 $ 7,716 Finance lease cost: Amortization of right-of-use assets 544 1,159 Interest on lease liabilities 87 181 Short-term lease 2 6 Variable lease cost 2,034 3,802 Sublease income (490 ) (829 ) Total lease cost $ 5,942 $ 12,035
Schedule of Lease Supplemental Cash Flow Information	Supplemental cash flow information related to leases was as follows. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,301 $ 8,732 Operating cash flows from finance leases 87 181 Financing cash flows from finance leases 598 1,053 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ (12,201 ) $ (7,365 ) Finance leases (1,191 ) (1,016 )
Schedule of Lease Assets and Liabilities	Supplemental balance sheet information related to leases was as follows. (in thousands, except lease term and discount rate) June 30, 2019 Operating lease right-of-use assets $ 93,321 Operating lease liabilities 112,415 Finance lease right-of-use assets $ 9,029 Finance lease liabilities 9,259 Weighted Average Remaining lease term in years Operating leases 11.87 Finance leases 15.07 Weighted Average Discount Rate Operating leases 3.49 % Finance leases 3.60 %
Schedule of Finance Lease Liability Maturities	Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the six months ended June 30, 2019) $ 8,367 $ 797 2020 15,743 1,560 2021 14,560 1,357 2022 12,529 583 2023 10,565 474 2024 9,421 400 Thereafter 67,258 7,238 Total lease payments 138,443 12,409 Less imputed interest 26,028 3,150 Total $ 112,415 $ 9,259
Schedule of Operating Lease Liability Maturities	Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the six months ended June 30, 2019) $ 8,367 $ 797 2020 15,743 1,560 2021 14,560 1,357 2022 12,529 583 2023 10,565 474 2024 9,421 400 Thereafter 67,258 7,238 Total lease payments 138,443 12,409 Less imputed interest 26,028 3,150 Total $ 112,415 $ 9,259
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum rental payments, prior to the adoption of the new lease guidance, for all non-cancelable leases were as follows at December 31, 2018. (in thousands) At December 31, 2018 2019 $ 22,770 2020 20,671 2021 18,825 2022 16,418 2023 13,274 2024 and thereafter 40,717 Total minimum payments $ 132,675

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Schedule of accumulated other comprehensive income (loss)	The following table shows changes in accumulated other comprehensive income (loss) from unrealized gain (loss) on available-for-sale securities, net of tax. Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ (7,355 ) $ (17,298 ) $ (15,439 ) $ (7,122 ) Cumulative effect of adoption of new accounting standards (1) — — (2,080 ) — Other comprehensive income (loss) before reclassifications 10,170 (2,412 ) 20,139 (12,412 ) Amounts reclassified from accumulated other comprehensive income (loss) (108 ) (12 ) 87 (188 ) Net current-period other comprehensive income (loss) 10,062 (2,424 ) 20,226 (12,600 ) Ending balance $ 2,707 $ (19,722 ) $ 2,707 $ (19,722 ) (1) Reflects the January 1, 2019 adoption of ASU 2018-02 and ASU 2017-12. For additional information see Note 1, Summary of Significant Accounting Policies .
Reclassification out of accumulated other comprehensive income (loss)	The following table shows the impacted line items in the consolidated statements of operations from reclassifications of unrealized gain (loss) on available-for-sale securities from accumulated other comprehensive income (loss). Affected Line Item in the Consolidated Statements of Operations Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Gain (loss) on sale of investment securities available for sale $ 137 $ 16 $ (110 ) $ 238 Income tax expense (benefit) 29 4 (23 ) 50 Total, net of tax $ 108 $ 12 $ (87 ) $ 188

RESTRUCTURING - (Tables)

RESTRUCTURING - (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring reserve rollforward	The following tables summarize the restructuring charges recognized during the first three and six months of 2019 and the Company's net remaining liability balance at June 30, 2019 and 2018 for both continuing and discontinued operations. 2019 2018 At and for the three months ended June 30 Facility-related costs Personnel-related costs Other costs Total Facility-related costs Personnel- related costs Other costs Total (in thousands) Beginning balance $ 1,407 $ — $ 128 $ 1,535 $ 720 $ — $ — $ 720 Restructuring charges 290 1,000 19 1,309 6,454 439 — 6,893 Costs paid or otherwise settled (274 ) (438 ) (125 ) (837 ) (2,965 ) — — (2,965 ) Ending balance $ 1,423 $ 562 $ 22 $ 2,007 $ 4,209 $ 439 $ — $ 4,648 2019 2018 At and for the six months ended June 30 Facility-related costs Personnel-related costs Other costs Total Facility-related costs Personnel- related costs Other costs Total (in thousands) Beginning balance $ 1,604 $ — $ — $ 1,604 $ 1,386 $ — $ — $ 1,386 Restructuring charges 194 1,000 147 1,341 6,163 439 — 6,602 Costs paid or otherwise settled (375 ) (438 ) (125 ) (938 ) (3,340 ) — — (3,340 ) Ending balance $ 1,423 $ 562 $ 22 $ 2,007 $ 4,209 $ 439 $ — $ 4,648

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 11, 2019	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Mar. 29, 2019	Mar. 28, 2019
Financing Receivable, Impaired [Line Items]
Stock repurchase program, authorized amount						$ 75,000
Common stock repurchased (in shares)		963,600	963,600
Equity reclassification due to stock repurchase		$ 52,735	$ 52,735
Single family [Member] | Agency debentures [Member]
Financing Receivable, Impaired [Line Items]
Mortgage servicing rights, unpaid principal balance, sold					$ 14,260,000
Percentage of loan portfolio sold				71.00%
Subsequent Event [Member]
Financing Receivable, Impaired [Line Items]
Common stock repurchased (in shares)	1,700,000
Common stock repurchased price (in dollars per share)	$ 31.16

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details)	Jun. 24, 2019branch	Jun. 30, 2019USD ($)	Dec. 31, 2018	Mar. 29, 2019USD ($)
Agency debentures [Member] | Single family [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Mortgage servicing rights, unpaid principle balance, sold, number of sales				2
Mortgage servicing rights, unpaid principal balance, sold				$ 14,260,000,000
Percentage of loan portfolio sold			71.00%
Increase in income during period from discontinued operations before income taxes		$ (1,300,000)
HLC Based Mortgage Banking Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Home loan centers sold | branch	47

DISCONTINUED OPERATIONS - Net G

DISCONTINUED OPERATIONS - Net Gain on Disposal of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from asset sales		$ 168,298	$ 0
Net loss on disposal	$ (10,796)	(23,020)
Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from asset sales	3,461	186,612
Book value of asset sales	4,038	180,982
(Loss) gain on assets sold	(577)	5,630
Transaction costs	2,759	9,177
Compensation expense related to the transactions	2,675	3,792
Facility and IT related costs	4,785	15,681
Total costs	10,219	28,650
Net loss on disposal	$ (10,796)	$ (23,020)

DISCONTINUED OPERATIONS - Major

DISCONTINUED OPERATIONS - Major Classes of Assets and Liabilities Related to Discontinued Operations (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Assets of discontinued operations	$ 352,929	$ 477,034
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Liabilities of discontinued operations	148,221	167,121
Discontinued Operations, Held-for-sale [Member]
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Loans held-for-sale, at fair value	320,238	269,683
Mortgage serving rights	0	177,121
Premises and equipment, net	0	6,689
Other assets	32,691	23,541
Assets of discontinued operations	352,929	477,034
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Deposits	132,804	162,850
Accrued expenses and other liabilities	15,417	4,271
Liabilities of discontinued operations	148,221	167,121
Derivative assets included in other assets	$ 8,900	$ 15,500

DISCONTINUED OPERATIONS - State

DISCONTINUED OPERATIONS - Statements of Operations of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income before income taxes	$ (16,678)	$ 3,641	$ (25,118)	$ 9,090
Income tax (benefit) expense	(2,198)	713	(3,865)	2,050
Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net interest income	2,617	3,258	4,762	6,270
Noninterest income	23,458	60,984	62,728	114,719
Noninterest expense	42,753	60,601	92,608	111,899
(Loss) income before income taxes	(16,678)	3,641	(25,118)	9,090
Income tax (benefit) expense	(2,198)	713	(3,865)	2,050
(Loss) income from discontinued operations	$ (14,480)	$ 2,928	$ (21,253)	$ 7,040

DISCONTINUED OPERATIONS - Sta_2

DISCONTINUED OPERATIONS - Statement of Cash Flow for Discontinued Operations (Details) - Discontinued Operations, Held-for-sale [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash (used in) provided by operating activities	$ (55,257)	$ 17,937
Net cash provided by investing activities	$ 169,407	$ 170,526

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
AVAILABLE FOR SALE
Amortized cost	$ 795,971		$ 873,438
Gross unrealized gains	9,716		2,022
Gross unrealized losses	(6,290)		(23,492)
Fair value	799,397		851,968
HELD TO MATURITY
Amortized cost	4,422		71,285
Gross unrealized gains	98		230
Gross unrealized losses	0		(969)
Fair value	4,520		70,546
Residential mortgage-backed securities [Member]
AVAILABLE FOR SALE
Amortized cost	112,354		112,852
Gross unrealized gains	76		19
Gross unrealized losses	(2,409)		(4,910)
Fair value	110,021		107,961
HELD TO MATURITY
Amortized cost			11,071
Gross unrealized gains			0
Gross unrealized losses			(274)
Fair value			10,797
Commercial mortgage-backed securities [Member]
AVAILABLE FOR SALE
Amortized cost	29,999		34,892
Gross unrealized gains	489		109
Gross unrealized losses	(60)		(487)
Fair value	30,428		34,514
HELD TO MATURITY
Amortized cost			17,307
Gross unrealized gains			30
Gross unrealized losses			(311)
Fair value			17,026
Residential collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Amortized cost	157,202		171,412
Gross unrealized gains	1,115		221
Gross unrealized losses	(1,253)		(4,889)
Fair value	157,064		166,744
Commercial collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Amortized cost	124,783		118,555
Gross unrealized gains	686		140
Gross unrealized losses	(890)		(2,021)
Fair value	124,579		116,674
Municipal bonds [Member]
AVAILABLE FOR SALE
Amortized cost	351,546		393,463
Gross unrealized gains	7,046		1,526
Gross unrealized losses	(1,495)		(9,334)
Fair value	357,097		385,655
HELD TO MATURITY
Amortized cost	4,422		27,191
Gross unrealized gains	98		190
Gross unrealized losses	0		(319)
Fair value	4,520		27,062
Corporate debt securities [Member]
AVAILABLE FOR SALE
Amortized cost	18,791		21,177
Gross unrealized gains	289		1
Gross unrealized losses	(183)		(1,183)
Fair value	18,897		19,995
HELD TO MATURITY
Amortized cost			92
Gross unrealized gains			0
Gross unrealized losses			0
Fair value			92
US Treasury securities [Member]
AVAILABLE FOR SALE
Amortized cost	1,296		11,211
Gross unrealized gains	15		6
Gross unrealized losses	0		(317)
Fair value	$ 1,311		10,900
Agency debentures [Member]
AVAILABLE FOR SALE
Amortized cost			9,876
Gross unrealized gains			0
Gross unrealized losses			(351)
Fair value			9,525
Collateralized mortgage obligations [Member]
HELD TO MATURITY
Amortized cost			15,624
Gross unrealized gains			10
Gross unrealized losses			(65)
Fair value			$ 15,569
Accounting Standards Update 2017-12 [Member]
AVAILABLE FOR SALE
Fair value		$ 66,200
HELD TO MATURITY
Amortized cost		$ (66,200)

INVESTMENT SECURITIES - Continu

INVESTMENT SECURITIES - Continuous Unrealized Loss on Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	$ (840)	$ (1,902)
Less than 12 months, Fair value	48,791	138,019
Twelve months or more, Gross unrealized losses	(5,450)	(21,590)
Twelve months or more, Fair value	349,795	560,613
Total, Gross unrealized losses	(6,290)	(23,492)
Total, Fair value	398,586	698,632
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(222)
Less than 12 months, Fair value		22,921
Twelve months or more, Gross unrealized losses		(747)
Twelve months or more, Fair value		28,726
Total, Gross unrealized losses		(969)
Total, Fair value		51,647
Residential mortgage-backed securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(371)	(34)
Less than 12 months, Fair value	3,590	1,269
Twelve months or more, Gross unrealized losses	(2,038)	(4,876)
Twelve months or more, Fair value	100,845	104,822
Total, Gross unrealized losses	(2,409)	(4,910)
Total, Fair value	104,435	106,091
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(31)
Less than 12 months, Fair value		2,314
Twelve months or more, Gross unrealized losses		(243)
Twelve months or more, Fair value		6,197
Total, Gross unrealized losses		(274)
Total, Fair value		8,511
Commercial mortgage-backed securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	0	0
Less than 12 months, Fair value	0	0
Twelve months or more, Gross unrealized losses	(60)	(487)
Twelve months or more, Fair value	5,428	18,938
Total, Gross unrealized losses	(60)	(487)
Total, Fair value	5,428	18,938
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(24)
Less than 12 months, Fair value		2,800
Twelve months or more, Gross unrealized losses		(287)
Twelve months or more, Fair value		11,256
Total, Gross unrealized losses		(311)
Total, Fair value		14,056
Residential collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(17)	(131)
Less than 12 months, Fair value	5,103	24,085
Twelve months or more, Gross unrealized losses	(1,236)	(4,758)
Twelve months or more, Fair value	75,921	128,899
Total, Gross unrealized losses	(1,253)	(4,889)
Total, Fair value	81,024	152,984
Commercial collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(434)	(350)
Less than 12 months, Fair value	29,916	22,051
Twelve months or more, Gross unrealized losses	(456)	(1,671)
Twelve months or more, Fair value	46,857	73,429
Total, Gross unrealized losses	(890)	(2,021)
Total, Fair value	76,773	95,480
Municipal bonds [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(18)	(1,283)
Less than 12 months, Fair value	10,182	85,057
Twelve months or more, Gross unrealized losses	(1,477)	(8,051)
Twelve months or more, Fair value	112,750	201,189
Total, Gross unrealized losses	(1,495)	(9,334)
Total, Fair value	122,932	286,246
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(102)
Less than 12 months, Fair value		7,210
Twelve months or more, Gross unrealized losses		(217)
Twelve months or more, Fair value		11,273
Total, Gross unrealized losses		(319)
Total, Fair value		18,483
Corporate debt securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	0	(104)
Less than 12 months, Fair value	0	5,557
Twelve months or more, Gross unrealized losses	(183)	(1,079)
Twelve months or more, Fair value	7,994	14,213
Total, Gross unrealized losses	(183)	(1,183)
Total, Fair value	$ 7,994	19,770
US Treasury securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses		0
Less than 12 months, Fair value		0
Twelve months or more, Gross unrealized losses		(317)
Twelve months or more, Fair value		9,598
Total, Gross unrealized losses		(317)
Total, Fair value		9,598
Agency debentures [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses		0
Less than 12 months, Fair value		0
Twelve months or more, Gross unrealized losses		(351)
Twelve months or more, Fair value		9,525
Total, Gross unrealized losses		(351)
Total, Fair value		9,525
Collateralized mortgage obligations [Member]
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(65)
Less than 12 months, Fair value		10,597
Twelve months or more, Gross unrealized losses		0
Twelve months or more, Fair value		0
Total, Gross unrealized losses		(65)
Total, Fair value		$ 10,597

INVESTMENT SECURITIES - Weighte

INVESTMENT SECURITIES - Weighted Average Yield (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
AVAILABLE FOR SALE
Due within one year, Fair value	$ 6,042	$ 5,670
Weighted Average Yield, due within one year	2.32%	2.12%
Due in one through five years, Fair value	$ 35,921	$ 54,308
Weighted Average Yield, due after one year through five years	2.74%	2.24%
Due after five years through ten years, Fair value	$ 67,604	$ 106,915
Weighted Average Yield, due after five years through ten years	2.94%	2.81%
Due after 10 years, Fair value	$ 689,830	$ 685,075
Weighted Average Yield, due after ten years	2.98%	2.90%
Total, Fair value	$ 799,397	$ 851,968
Weighted Average Yield, Total	2.96%	2.84%
HELD TO MATURITY
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 1,804	$ 21,142
Weighted Average Yield, due after one year through five years	2.90%	2.91%
Due after five years through ten years, Fair value	$ 2,716	$ 10,530
Weighted Average Yield, due after five years through ten years	2.06%	2.45%
Due after 10 years, Fair value	$ 0	$ 38,874
Weighted Average Yield, due after ten years	0.00%	3.07%
Total, Fair value	$ 4,520	$ 70,546
Weighted Average Yield, Total	2.39%	2.93%
Residential mortgage-backed securities [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 4	$ 0
Weighted Average Yield, due after one year through five years	1.38%	0.00%
Due after five years through ten years, Fair value	$ 5,895	$ 7,094
Weighted Average Yield, due after five years through ten years	1.65%	1.62%
Due after 10 years, Fair value	$ 104,122	$ 100,867
Weighted Average Yield, due after ten years	2.10%	2.05%
Total, Fair value	$ 110,021	$ 107,961
Weighted Average Yield, Total	2.07%	2.03%
HELD TO MATURITY
Due within one year, Fair value		$ 0
Weighted Average Yield, due within one year		0.00%
Due in one through five years, Fair value		$ 0
Weighted Average Yield, due after one year through five years		0.00%
Due after five years through ten years, Fair value		$ 0
Weighted Average Yield, due after five years through ten years		0.00%
Due after 10 years, Fair value		$ 10,797
Weighted Average Yield, due after ten years		2.82%
Total, Fair value		$ 10,797
Weighted Average Yield, Total		2.82%
Commercial mortgage-backed securities [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 18,504	$ 14,175
Weighted Average Yield, due after one year through five years	2.45%	2.20%
Due after five years through ten years, Fair value	$ 11,924	$ 16,737
Weighted Average Yield, due after five years through ten years	2.70%	2.99%
Due after 10 years, Fair value	$ 0	$ 3,602
Weighted Average Yield, due after ten years	0.00%	2.90%
Total, Fair value	$ 30,428	$ 34,514
Weighted Average Yield, Total	2.55%	2.66%
HELD TO MATURITY
Due within one year, Fair value		$ 0
Weighted Average Yield, due within one year		0.00%
Due in one through five years, Fair value		$ 12,147
Weighted Average Yield, due after one year through five years		2.51%
Due after five years through ten years, Fair value		$ 4,879
Weighted Average Yield, due after five years through ten years		2.64%
Due after 10 years, Fair value		$ 0
Weighted Average Yield, due after ten years		0.00%
Total, Fair value		$ 17,026
Weighted Average Yield, Total		2.55%
Residential collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 0	$ 0
Weighted Average Yield, due after one year through five years	0.00%	0.00%
Due after five years through ten years, Fair value	$ 0	$ 0
Weighted Average Yield, due after five years through ten years	0.00%	0.00%
Due after 10 years, Fair value	$ 157,064	$ 166,744
Weighted Average Yield, due after ten years	2.46%	2.43%
Total, Fair value	$ 157,064	$ 166,744
Weighted Average Yield, Total	2.46%	2.43%
Commercial collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 8,244	$ 9,008
Weighted Average Yield, due after one year through five years	2.48%	2.42%
Due after five years through ten years, Fair value	$ 28,907	$ 29,292
Weighted Average Yield, due after five years through ten years	2.94%	2.88%
Due after 10 years, Fair value	$ 87,428	$ 78,374
Weighted Average Yield, due after ten years	2.58%	2.42%
Total, Fair value	$ 124,579	$ 116,674
Weighted Average Yield, Total	2.66%	2.53%
Municipal bonds [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 5,019	$ 5,670
Weighted Average Yield, due within one year	2.10%	2.12%
Due in one through five years, Fair value	$ 0	$ 16,276
Weighted Average Yield, due after one year through five years	0.00%	2.24%
Due after five years through ten years, Fair value	$ 10,954	$ 30,659
Weighted Average Yield, due after five years through ten years	3.28%	2.89%
Due after 10 years, Fair value	$ 341,124	$ 333,050
Weighted Average Yield, due after ten years	3.59%	3.51%
Total, Fair value	$ 357,097	$ 385,655
Weighted Average Yield, Total	3.56%	3.39%
HELD TO MATURITY
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 1,804	$ 1,790
Weighted Average Yield, due after one year through five years	2.90%	2.85%
Due after five years through ten years, Fair value	$ 2,716	$ 5,651
Weighted Average Yield, due after five years through ten years	2.06%	2.29%
Due after 10 years, Fair value	$ 0	$ 19,621
Weighted Average Yield, due after ten years	0.00%	3.24%
Total, Fair value	$ 4,520	$ 27,062
Weighted Average Yield, Total	2.39%	3.01%
Corporate debt securities [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 1,023	$ 0
Weighted Average Yield, due within one year	3.41%	0.00%
Due in one through five years, Fair value	$ 7,858	$ 3,949
Weighted Average Yield, due after one year through five years	3.66%	2.96%
Due after five years through ten years, Fair value	$ 9,924	$ 13,608
Weighted Average Yield, due after five years through ten years	3.63%	3.31%
Due after 10 years, Fair value	$ 92	$ 2,438
Weighted Average Yield, due after ten years	6.16%	3.65%
Total, Fair value	$ 18,897	$ 19,995
Weighted Average Yield, Total	3.64%	3.29%
HELD TO MATURITY
Due within one year, Fair value		$ 0
Weighted Average Yield, due within one year		0.00%
Due in one through five years, Fair value		$ 0
Weighted Average Yield, due after one year through five years		0.00%
Due after five years through ten years, Fair value		$ 0
Weighted Average Yield, due after five years through ten years		0.00%
Due after 10 years, Fair value		$ 92
Weighted Average Yield, due after ten years		6.00%
Total, Fair value		$ 92
Weighted Average Yield, Total		6.00%
US Treasury securities [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 0	$ 0
Weighted Average Yield, due within one year	0.00%	0.00%
Due in one through five years, Fair value	$ 1,311	$ 10,900
Weighted Average Yield, due after one year through five years	2.83%	1.87%
Due after five years through ten years, Fair value	$ 0	$ 0
Weighted Average Yield, due after five years through ten years	0.00%	0.00%
Due after 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0.00%	0.00%
Total, Fair value	$ 1,311	$ 10,900
Weighted Average Yield, Total	2.83%	1.87%
Agency debentures [Member]
AVAILABLE FOR SALE
Due within one year, Fair value		$ 0
Weighted Average Yield, due within one year		0.00%
Due in one through five years, Fair value		$ 0
Weighted Average Yield, due after one year through five years		0.00%
Due after five years through ten years, Fair value		$ 9,525
Weighted Average Yield, due after five years through ten years		2.23%
Due after 10 years, Fair value		$ 0
Weighted Average Yield, due after ten years		0.00%
Total, Fair value		$ 9,525
Weighted Average Yield, Total		2.23%
Collateralized mortgage obligations [Member]
HELD TO MATURITY
Due within one year, Fair value		$ 0
Weighted Average Yield, due within one year		0.00%
Due in one through five years, Fair value		$ 7,205
Weighted Average Yield, due after one year through five years		3.59%
Due after five years through ten years, Fair value		$ 0
Weighted Average Yield, due after five years through ten years		0.00%
Due after 10 years, Fair value		$ 8,364
Weighted Average Yield, due after ten years		2.94%
Total, Fair value		$ 15,569
Weighted Average Yield, Total		3.24%

INVESTMENT SECURITIES - Realize

INVESTMENT SECURITIES - Realized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 24,414	$ 5,357	$ 119,412	$ 22,232
Gross gains	159	38	531	261
Gross losses	$ (22)	$ (22)	$ (641)	$ (23)

INVESTMENT SECURITIES - Pledged

INVESTMENT SECURITIES - Pledged to Secure Borrowings And Public Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Federal Home Loan Bank to secure borrowings	$ 0	$ 63,179
Washington and California State to secure public deposits	156,229	126,565
Securities pledged to secure derivatives in a liability position	0	5,077
Other securities pledged	5,056	5,147
Total securities pledged as collateral	$ 161,285	$ 199,968

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Security pledged under repurchase agreement	$ 0		$ 0		$ 0
Tax exempt interest income on available-for-sale securities	$ 2,500,000	$ 2,200,000	$ 5,300,000	$ 4,500,000

LOANS AND CREDIT QUALITY - Narr

LOANS AND CREDIT QUALITY - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)segment	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Number of portfolio segments | segment	2
Allowance for unfunded commitments	$ 1.4	$ 1.4	$ 1.5
Washington | Residential Mortgage And Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	11.80%	13.10%
California | Residential Mortgage And Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	11.10%	10.20%
Federal Home Loan Bank Advances [Member]
Financing Receivable, Impaired [Line Items]
Loans pledged as collateral	$ 1,850	$ 2,160
Federal Reserve Bank Advances [Member]
Financing Receivable, Impaired [Line Items]
Loans pledged as collateral	$ 578.4	$ 502.7

LOANS AND CREDIT QUALITY - Loan

LOANS AND CREDIT QUALITY - Loans Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans held for investment
Total loans before fees and costs	$ 5,304,588	$ 5,093,747
Net deferred loan fees and costs	26,525	23,094
Total loans	5,331,113	5,116,841
Allowance for loan losses	(43,254)	(41,470)
Loans held for investment	5,287,859	5,075,371
Fair value of loans held for investment	4,475	4,057
Consumer loans [Member]
Loans held for investment
Total loans before fees and costs	1,847,518	1,929,098
Consumer loans [Member] | Single family [Member]
Loans held for investment
Total loans before fees and costs	1,259,386	1,358,175
Consumer loans [Member] | Home equity and other [Member]
Loans held for investment
Total loans before fees and costs	588,132	570,923
Commercial real estate loans [Member]
Loans held for investment
Total loans before fees and costs	2,542,082	2,404,487
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Loans held for investment
Total loans before fees and costs	767,447	701,928
Commercial real estate loans [Member] | Multifamily [Member]
Loans held for investment
Total loans before fees and costs	995,604	908,015
Commercial real estate loans [Member] | Construction/land development [Member]
Loans held for investment
Total loans before fees and costs	779,031	794,544
Commercial and industrial loans [Member]
Loans held for investment
Total loans before fees and costs	914,988	760,162
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Loans held for investment
Total loans before fees and costs	470,986	429,158
Commercial and industrial loans [Member] | Commercial business [Member]
Loans held for investment
Total loans before fees and costs	444,002	331,004
Recurring [Member]
Loans held for investment
Fair value of loans held for investment	4,475	4,057
Recurring [Member] | Level 3 [Member]
Loans held for investment
Fair value of loans held for investment	$ 4,475	$ 4,057

LOANS AND CREDIT QUALITY - Allo

LOANS AND CREDIT QUALITY - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning balance	$ 44,536	$ 40,446	$ 42,913	$ 39,116
Provision for credit losses	0	1,000	1,500	1,750
Recoveries, net of (charge-offs)	92	(464)	215	116
Ending balance	$ 44,628	$ 40,982	$ 44,628	$ 40,982

LOANS AND CREDIT QUALITY - Acti

LOANS AND CREDIT QUALITY - Activity in Allowance for Credit Losses by Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Allowance for credit losses by loan portfolio
Beginning balance	$ 44,536	$ 40,446	$ 42,913	$ 39,116
Charge-offs	(95)	(797)	(141)	(895)
Recoveries	187	333	356	1,011
(Reversal of) Provision	0	1,000	1,500	1,750
Ending balance	44,628	40,982	44,628	40,982
Consumer loans [Member]
Allowance for credit losses by loan portfolio
Beginning balance	15,981	16,195	15,929	16,493
Charge-offs	(95)	(145)	(141)	(242)
Recoveries	137	149	295	505
(Reversal of) Provision	(920)	(259)	(980)	(816)
Ending balance	15,103	15,940	15,103	15,940
Consumer loans [Member] | Single family [Member]
Allowance for credit losses by loan portfolio
Beginning balance	8,190	9,208	8,217	9,412
Charge-offs	0	0	0	0
Recoveries	57	2	142	282
(Reversal of) Provision	(707)	(616)	(819)	(1,100)
Ending balance	7,540	8,594	7,540	8,594
Consumer loans [Member] | Home equity and other [Member]
Allowance for credit losses by loan portfolio
Beginning balance	7,791	6,987	7,712	7,081
Charge-offs	(95)	(145)	(141)	(242)
Recoveries	80	147	153	223
(Reversal of) Provision	(213)	357	(161)	284
Ending balance	7,563	7,346	7,563	7,346
Commercial real estate loans [Member]
Allowance for credit losses by loan portfolio
Beginning balance	22,187	18,437	20,789	17,327
Charge-offs	0	0	0	0
Recoveries	43	172	47	343
(Reversal of) Provision	675	377	2,069	1,316
Ending balance	22,905	18,986	22,905	18,986
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Allowance for credit losses by loan portfolio
Beginning balance	6,176	4,627	5,496	4,755
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Reversal of) Provision	(25)	137	655	9
Ending balance	6,151	4,764	6,151	4,764
Commercial real estate loans [Member] | Multifamily [Member]
Allowance for credit losses by loan portfolio
Beginning balance	6,360	4,651	5,754	3,895
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Reversal of) Provision	687	366	1,293	1,122
Ending balance	7,047	5,017	7,047	5,017
Commercial real estate loans [Member] | Construction/land development [Member]
Allowance for credit losses by loan portfolio
Beginning balance	9,651	9,159	9,539	8,677
Charge-offs	0	0	0	0
Recoveries	43	172	47	343
(Reversal of) Provision	13	(126)	121	185
Ending balance	9,707	9,205	9,707	9,205
Commercial and industrial loans [Member]
Allowance for credit losses by loan portfolio
Beginning balance	6,368	5,814	6,195	5,296
Charge-offs	0	(652)	0	(653)
Recoveries	7	12	14	163
(Reversal of) Provision	245	882	411	1,250
Ending balance	6,620	6,056	6,620	6,056
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Allowance for credit losses by loan portfolio
Beginning balance	3,304	2,966	3,282	2,960
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Reversal of) Provision	158	66	180	72
Ending balance	3,462	3,032	3,462	3,032
Commercial and industrial loans [Member] | Commercial business [Member]
Allowance for credit losses by loan portfolio
Beginning balance	3,064	2,848	2,913	2,336
Charge-offs	0	(652)	0	(653)
Recoveries	7	12	14	163
(Reversal of) Provision	87	816	231	1,178
Ending balance	$ 3,158	$ 3,024	$ 3,158	$ 3,024

LOANS AND CREDIT QUALITY - Reco

LOANS AND CREDIT QUALITY - Recorded Investment in Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	$ 44,500		$ 42,680
Allowance: individually evaluated for impairment	128		233
Allowance for credit losses	44,628	$ 44,536	42,913	$ 40,982	$ 40,446	$ 39,116
Loans: collectively evaluated for impairment	5,226,269		5,016,606
Loans: individually evaluated for impairment	73,844		73,084
Total	5,300,113		5,089,690
Fair value of loans held for investment	4,475		4,057
Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	14,984		15,822
Allowance: individually evaluated for impairment	119		107
Allowance for credit losses	15,103	15,981	15,929	15,940	16,195	16,493
Loans: collectively evaluated for impairment	1,772,189		1,856,229
Loans: individually evaluated for impairment	70,854		68,812
Total	1,843,043		1,925,041
Consumer loans [Member] | Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	7,460		8,151
Allowance: individually evaluated for impairment	80		66
Allowance for credit losses	7,540	8,190	8,217	8,594	9,208	9,412
Loans: collectively evaluated for impairment	1,184,995		1,286,556
Loans: individually evaluated for impairment	69,806		67,575
Total	1,254,801		1,354,131
Consumer loans [Member] | Home equity and other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	7,524		7,671
Allowance: individually evaluated for impairment	39		41
Allowance for credit losses	7,563	7,791	7,712	7,346	6,987	7,081
Loans: collectively evaluated for impairment	587,194		569,673
Loans: individually evaluated for impairment	1,048		1,237
Total	588,242		570,910
Commercial real estate loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	22,905		20,789
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	22,905	22,187	20,789	18,986	18,437	17,327
Loans: collectively evaluated for impairment	2,541,598		2,403,269
Loans: individually evaluated for impairment	484		1,218
Total	2,542,082		2,404,487
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	6,151		5,496
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	6,151	6,176	5,496	4,764	4,627	4,755
Loans: collectively evaluated for impairment	767,447		701,928
Loans: individually evaluated for impairment	0		0
Total	767,447		701,928
Commercial real estate loans [Member] | Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	7,047		5,754
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	7,047	6,360	5,754	5,017	4,651	3,895
Loans: collectively evaluated for impairment	995,120		907,523
Loans: individually evaluated for impairment	484		492
Total	995,604		908,015
Commercial real estate loans [Member] | Construction/land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	9,707		9,539
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	9,707	9,651	9,539	9,205	9,159	8,677
Loans: collectively evaluated for impairment	779,031		793,818
Loans: individually evaluated for impairment	0		726
Total	779,031		794,544
Commercial and industrial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	6,611		6,069
Allowance: individually evaluated for impairment	9		126
Allowance for credit losses	6,620	6,368	6,195	6,056	5,814	5,296
Loans: collectively evaluated for impairment	912,482		757,108
Loans: individually evaluated for impairment	2,506		3,054
Total	914,988		760,162
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	3,462		3,282
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	3,462	3,304	3,282	3,032	2,966	2,960
Loans: collectively evaluated for impairment	469,800		427,938
Loans: individually evaluated for impairment	1,186		1,220
Total	470,986		429,158
Commercial and industrial loans [Member] | Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	3,149		2,787
Allowance: individually evaluated for impairment	9		126
Allowance for credit losses	3,158	$ 3,064	2,913	$ 3,024	$ 2,848	$ 2,336
Loans: collectively evaluated for impairment	442,682		329,170
Loans: individually evaluated for impairment	1,320		1,834
Total	444,002		331,004
Reported Value Measurement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans: collectively evaluated for impairment	5,226,269		5,016,606
Loans: individually evaluated for impairment	73,844		73,084
Total	5,304,588		5,093,747
Fair value of loans held for investment	5,283,384		5,071,314
Estimate of Fair Value Measurement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	5,415,713		5,099,960
Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	5,415,713		5,099,960
Recurring [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	4,475		4,057
Recurring [Member] | Level 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	4,475		4,057
Recurring [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans: collectively evaluated for impairment	0		0
Loans: individually evaluated for impairment	0		0
Fair value of loans held for investment	$ 4,475		$ 4,057

LOANS AND CREDIT QUALITY - Impa

LOANS AND CREDIT QUALITY - Impaired Loans by Loan Class (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	$ 71,114	$ 71,237
Recorded investment with related allowance recorded	2,730	1,847
Total recorded investment	73,844	73,084
Unpaid principal balance with no related allowance recorded	72,564	73,113
Unpaid principal balance with related allowance recorded	2,772	1,847
Total unpaid principal balance	75,336	74,960
Related allowance	128	233
Consumer loans [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	68,697	67,468
Recorded investment with related allowance recorded	2,157	1,344
Total recorded investment	70,854	68,812
Unpaid principal balance with no related allowance recorded	69,151	68,265
Unpaid principal balance with related allowance recorded	2,166	1,344
Total unpaid principal balance	71,317	69,609
Related allowance	119	107
Consumer loans [Member] | Single family [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	68,133	66,725
Recorded investment with related allowance recorded	1,673	850
Total recorded investment	69,806	67,575
Unpaid principal balance with no related allowance recorded	68,562	67,496
Unpaid principal balance with related allowance recorded	1,682	850
Total unpaid principal balance	70,244	68,346
Related allowance	80	66
Performing TDRs	68,300	65,800
Consumer loans [Member] | Home equity and other [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	564	743
Recorded investment with related allowance recorded	484	494
Total recorded investment	1,048	1,237
Unpaid principal balance with no related allowance recorded	589	769
Unpaid principal balance with related allowance recorded	484	494
Total unpaid principal balance	1,073	1,263
Related allowance	39	41
Commercial real estate loans [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	484	1,218
Total recorded investment	484	1,218
Unpaid principal balance with no related allowance recorded	484	1,218
Total unpaid principal balance	484	1,218
Related allowance	0	0
Commercial real estate loans [Member] | Multifamily [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	484	492
Total recorded investment	484	492
Unpaid principal balance with no related allowance recorded	484	492
Total unpaid principal balance	484	492
Related allowance	0	0
Commercial real estate loans [Member] | Construction/land development [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded		726
Total recorded investment		726
Unpaid principal balance with no related allowance recorded		726
Total unpaid principal balance		726
Related allowance		0
Commercial and industrial loans [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	1,933	2,551
Recorded investment with related allowance recorded	573	503
Total recorded investment	2,506	3,054
Unpaid principal balance with no related allowance recorded	2,929	3,630
Unpaid principal balance with related allowance recorded	606	503
Total unpaid principal balance	3,535	4,133
Related allowance	9	126
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	1,186	1,220
Total recorded investment	1,186	1,220
Unpaid principal balance with no related allowance recorded	1,520	1,543
Total unpaid principal balance	1,520	1,543
Related allowance	0	0
Commercial and industrial loans [Member] | Commercial business [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	747	1,331
Recorded investment with related allowance recorded	573	503
Total recorded investment	1,320	1,834
Unpaid principal balance with no related allowance recorded	1,409	2,087
Unpaid principal balance with related allowance recorded	606	503
Total unpaid principal balance	2,015	2,590
Related allowance	$ 9	$ 126

LOANS AND CREDIT QUALITY - Aver

LOANS AND CREDIT QUALITY - Average Recorded Investment in Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 79,371	$ 75,333	$ 77,275	$ 78,170
Interest Income Recognized	769	736	1,604	1,492
Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	70,750	69,451	70,104	71,797
Interest Income Recognized	734	676	1,458	1,348
Consumer loans [Member] | Single family [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	69,664	68,188	68,968	70,525
Interest Income Recognized	720	657	1,426	1,310
Consumer loans [Member] | Home equity and other [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,086	1,263	1,136	1,272
Interest Income Recognized	14	19	32	38
Commercial real estate loans [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,830	1,420	2,292	1,367
Interest Income Recognized	7	12	14	23
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	6	0	4	0
Interest Income Recognized	0	0	0	0
Commercial real estate loans [Member] | Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	486	792	488	797
Interest Income Recognized	7	6	14	12
Commercial real estate loans [Member] | Construction/land development [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,338	628	1,800	570
Interest Income Recognized	0	6	0	11
Commercial and industrial loans [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	5,791	4,462	4,879	5,006
Interest Income Recognized	28	48	132	121
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	4,112	2,057	3,148	2,367
Interest Income Recognized	19	19	112	55
Commercial and industrial loans [Member] | Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,679	2,405	1,731	2,639
Interest Income Recognized	$ 9	$ 29	$ 20	$ 66

LOANS AND CREDIT QUALITY - Lo_2

LOANS AND CREDIT QUALITY - Loan Grades by Loan Portfolio (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	$ 5,304,588,000	$ 5,093,747,000
Fair value of loans held for investment	4,475,000	4,057,000
Recurring [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Fair value of loans held for investment	4,475,000	4,057,000
Level 3 [Member] | Recurring [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Fair value of loans held for investment	4,475,000	4,057,000
Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	5,169,929,000	4,964,980,000
Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	75,096,000	66,819,000
Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	46,967,000	42,800,000
Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	12,596,000	19,148,000
Doubtful [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Loss [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Consumer loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,847,518,000	1,929,098,000
Consumer loans [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,829,427,000	1,907,395,000
Consumer loans [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,986,000	2,977,000
Consumer loans [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	7,864,000	9,285,000
Consumer loans [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	8,241,000	9,441,000
Consumer loans [Member] | Single family [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,259,386,000	1,358,175,000
Consumer loans [Member] | Single family [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,243,250,000	1,338,025,000
Consumer loans [Member] | Single family [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,829,000	2,882,000
Consumer loans [Member] | Single family [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	6,991,000	8,775,000
Consumer loans [Member] | Single family [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	7,316,000	8,493,000
Consumer loans [Member] | Home equity and other [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	588,132,000	570,923,000
Consumer loans [Member] | Home equity and other [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	586,177,000	569,370,000
Consumer loans [Member] | Home equity and other [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	157,000	95,000
Consumer loans [Member] | Home equity and other [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	873,000	510,000
Consumer loans [Member] | Home equity and other [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	925,000	948,000
Commercial real estate loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,542,082,000	2,404,487,000
Commercial real estate loans [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,497,090,000	2,366,087,000
Commercial real estate loans [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	28,044,000	26,583,000
Commercial real estate loans [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	16,879,000	7,001,000
Commercial real estate loans [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	69,000	4,816,000
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	767,447,000	701,928,000
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	764,518,000	695,077,000
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,929,000	1,426,000
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	5,425,000
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Commercial real estate loans [Member] | Multifamily [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	995,604,000	908,015,000
Commercial real estate loans [Member] | Multifamily [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	992,010,000	903,897,000
Commercial real estate loans [Member] | Multifamily [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	3,594,000	3,626,000
Commercial real estate loans [Member] | Multifamily [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	492,000
Commercial real estate loans [Member] | Multifamily [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Commercial real estate loans [Member] | Construction/land development [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	779,031,000	794,544,000
Commercial real estate loans [Member] | Construction/land development [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	740,562,000	767,113,000
Commercial real estate loans [Member] | Construction/land development [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	21,521,000	21,531,000
Commercial real estate loans [Member] | Construction/land development [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	16,879,000	1,084,000
Commercial real estate loans [Member] | Construction/land development [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	69,000	4,816,000
Commercial and industrial loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	914,988,000	760,162,000
Commercial and industrial loans [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	843,412,000	691,498,000
Commercial and industrial loans [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	45,066,000	37,259,000
Commercial and industrial loans [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	22,224,000	26,514,000
Commercial and industrial loans [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	4,286,000	4,891,000
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	470,986,000	429,158,000
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	435,604,000	392,273,000
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	27,030,000	22,928,000
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	6,217,000	11,087,000
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,135,000	2,870,000
Commercial and industrial loans [Member] | Commercial business [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	444,002,000	331,004,000
Commercial and industrial loans [Member] | Commercial business [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	407,808,000	299,225,000
Commercial and industrial loans [Member] | Commercial business [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	18,036,000	14,331,000
Commercial and industrial loans [Member] | Commercial business [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	16,007,000	15,427,000
Commercial and industrial loans [Member] | Commercial business [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	$ 2,151,000	$ 2,021,000

LOANS AND CREDIT QUALITY - Agin

LOANS AND CREDIT QUALITY - Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 44,846	$ 64,358
Current	5,259,742	5,029,389
Total loans	5,304,588	5,093,747
90-days or more past due and still accruing	26,424	39,116
Fair value of loans held for investment	4,475	4,057
Recurring [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Fair value of loans held for investment	4,475	4,057
Level 3 [Member] | Recurring [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Fair value of loans held for investment	4,475	4,057
30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	5,036	9,870
60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,456	3,753
90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	36,354	50,735
Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	41,163	62,180
Current	1,806,355	1,866,918
Total loans	1,847,518	1,929,098
90-days or more past due and still accruing	25,264	39,116
Consumer loans [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,203	9,870
Consumer loans [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,456	3,753
Consumer loans [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	33,504	48,557
Consumer loans [Member] | Single family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	40,033	60,987
Current	1,219,353	1,297,188
Total loans	1,259,386	1,358,175
90-days or more past due and still accruing	25,264	39,116
Consumer loans [Member] | Single family [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,154	9,725
Consumer loans [Member] | Single family [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,299	3,653
Consumer loans [Member] | Single family [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	32,580	47,609
Consumer loans [Member] | Home equity and other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,130	1,193
Current	587,002	569,730
Total loans	588,132	570,923
90-days or more past due and still accruing	0	0
Consumer loans [Member] | Home equity and other [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	49	145
Consumer loans [Member] | Home equity and other [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	157	100
Consumer loans [Member] | Home equity and other [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	924	948
Commercial real estate loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	69	72
Current	2,542,013	2,404,415
Total loans	2,542,082	2,404,487
90-days or more past due and still accruing	0	0
Commercial real estate loans [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	69	72
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	767,447	701,928
Total loans	767,447	701,928
90-days or more past due and still accruing	0	0
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	995,604	908,015
Total loans	995,604	908,015
90-days or more past due and still accruing	0	0
Commercial real estate loans [Member] | Multifamily [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Multifamily [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Multifamily [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Construction/land development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	69	72
Current	778,962	794,472
Total loans	779,031	794,544
90-days or more past due and still accruing	0	0
Commercial real estate loans [Member] | Construction/land development [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Construction/land development [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial real estate loans [Member] | Construction/land development [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	69	72
Commercial and industrial loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,614	2,106
Current	911,374	758,056
Total loans	914,988	760,162
90-days or more past due and still accruing	1,160	0
Commercial and industrial loans [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	833	0
Commercial and industrial loans [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and industrial loans [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,781	2,106
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,186	374
Current	469,800	428,784
Total loans	470,986	429,158
90-days or more past due and still accruing	0	0
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	833	0
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	353	374
Commercial and industrial loans [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,428	1,732
Current	441,574	329,272
Total loans	444,002	331,004
90-days or more past due and still accruing	1,160	0
Commercial and industrial loans [Member] | Commercial business [Member] | 30 to 59 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and industrial loans [Member] | Commercial business [Member] | 60 to 89 days past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial and industrial loans [Member] | Commercial business [Member] | 90 days or more past due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 2,428	$ 1,732

LOANS AND CREDIT QUALITY - Perf

LOANS AND CREDIT QUALITY - Performing and Nonaccrual (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	$ 5,294,658	$ 5,082,128
Nonaccrual	9,930	11,619
Total loans	5,304,588	5,093,747
Fair value of loans held for investment	4,475	4,057
Recurring [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Fair value of loans held for investment	4,475	4,057
Level 3 [Member] | Recurring [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Fair value of loans held for investment	4,475	4,057
Consumer loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	1,839,278	1,919,657
Nonaccrual	8,240	9,441
Total loans	1,847,518	1,929,098
Consumer loans [Member] | Single family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	1,252,070	1,349,682
Nonaccrual	7,316	8,493
Total loans	1,259,386	1,358,175
Consumer loans [Member] | Home equity and other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	587,208	569,975
Nonaccrual	924	948
Total loans	588,132	570,923
Commercial real estate loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	2,542,013	2,404,415
Nonaccrual	69	72
Total loans	2,542,082	2,404,487
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	767,447	701,928
Nonaccrual	0	0
Total loans	767,447	701,928
Commercial real estate loans [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	995,604	908,015
Nonaccrual	0	0
Total loans	995,604	908,015
Commercial real estate loans [Member] | Construction/land development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	778,962	794,472
Nonaccrual	69	72
Total loans	779,031	794,544
Commercial and industrial loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	913,367	758,056
Nonaccrual	1,621	2,106
Total loans	914,988	760,162
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	470,633	428,784
Nonaccrual	353	374
Total loans	470,986	429,158
Commercial and industrial loans [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accrual	442,734	329,272
Nonaccrual	1,268	1,732
Total loans	$ 444,002	$ 331,004

LOANS AND CREDIT QUALITY - TDRs

LOANS AND CREDIT QUALITY - TDRs (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)loan	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)loan
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	46	44	101	79
Recorded investment - TDR	$ 9,180	$ 9,518	$ 30,648	$ 16,659
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Interest rate reduction [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	2	5	7	13
Recorded investment - TDR	$ 82	$ 777	$ 1,274	$ 2,462
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	44	39	94	66
Recorded investment - TDR	$ 9,098	$ 8,741	$ 29,374	$ 14,197
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	45	44	98	77
Recorded investment - TDR	$ 8,921	$ 9,518	$ 19,874	$ 16,392
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member] | Interest rate reduction [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	2	5	7	13
Recorded investment - TDR	$ 82	$ 777	$ 1,274	$ 2,462
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	43	39	91	64
Recorded investment - TDR	$ 8,839	$ 8,741	$ 18,600	$ 13,930
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member] | Single family [Member] | Interest rate reduction [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	2	5	7	13
Recorded investment - TDR	$ 82	$ 777	$ 1,274	$ 2,462
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member] | Single family [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	42	39	90	64
Recorded investment - TDR	$ 8,723	$ 8,741	$ 18,484	$ 13,930
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member] | Home equity and other [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	1		1
Recorded investment - TDR	$ 116		$ 116
Related charge-offs - TDR	$ 0		$ 0
Commercial real estate loans [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			1
Recorded investment - TDR			$ 4,675
Related charge-offs - TDR			$ 0
Commercial real estate loans [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			1
Recorded investment - TDR			$ 4,675
Related charge-offs - TDR			$ 0
Commercial real estate loans [Member] | Non-owner occupied commercial real estate [Member] | Interest rate reduction [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan				2
Recorded investment - TDR				$ 267
Related charge-offs - TDR				$ 0
Commercial real estate loans [Member] | Construction/land development [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			1
Recorded investment - TDR			$ 4,675
Related charge-offs - TDR			$ 0
Commercial and industrial loans [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	1		2	2
Recorded investment - TDR	$ 259		$ 6,099	$ 267
Related charge-offs - TDR	0		$ 0	$ 0
Commercial and industrial loans [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			2	2
Recorded investment - TDR	259		$ 6,099	$ 267
Related charge-offs - TDR	$ 0		$ 0	$ 0
Commercial and industrial loans [Member] | Owner occupied commercial real estate [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			1
Recorded investment - TDR			$ 5,840
Related charge-offs - TDR			$ 0
Commercial and industrial loans [Member] | Commercial business [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	1		1
Recorded investment - TDR	$ 259		$ 259
Related charge-offs - TDR	$ 0		$ 0

LOANS AND CREDIT QUALITY - TDR

LOANS AND CREDIT QUALITY - TDR Re-defaults (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)loan	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)loan
Financing Receivable, Modifications [Line Items]
Number of days past due for consumer loans TDR to be re-default			60 days
Number of days past due for commercial loans TDR to be re-default			90 days
TDR balances which have subsequently re-defaulted
Number of TDR loan relationships that re-defaulted | loan	1	6	6	12
Recorded investment | $	$ 171	$ 1,395	$ 1,230	$ 2,279
Consumer loans [Member] | Single family [Member]
TDR balances which have subsequently re-defaulted
Number of TDR loan relationships that re-defaulted | loan	1	6	6	12
Recorded investment | $	$ 171	$ 1,395	$ 1,230	$ 2,279

DEPOSITS - Schedule of Deposit

DEPOSITS - Schedule of Deposit Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Deposit balances, including stated rates
Noninterest-bearing accounts	$ 996,185	$ 914,154
NOW accounts, 0.00% to 1.44% at June 30, 2019 and December 31, 2018	444,130	376,137
Statement savings accounts, due on demand, 0.05% to 1.13% at June 30, 2019 and December 31, 2018	227,762	245,795
Money market accounts, due on demand, 0.00% to 2.40% at June 30, 2019 and December 31, 2018	1,995,244	1,935,516
Certificates of deposit, 0.10% to 3.80% at June 30, 2019 and December 31, 2018	2,060,376	1,579,806
Deposits, Total	5,723,697	5,051,408
Short-term Debt [Line Items]
Noninterest-bearing accounts, discontinued operations	$ 132,800	$ 162,800
Minimum [Member]
Short-term Debt [Line Items]
Weighted Average Rate, NOW accounts (as a percent)	0.00%	0.00%
Weighted Average Rate, Statement savings accounts (as a percent)	0.05%	0.05%
Weighted Average Rate, Money market accounts (as a percent)	0.00%	0.00%
Weighted Average Rate, Certificates of deposit (as a percent)	0.10%	0.10%
Maximum [Member]
Short-term Debt [Line Items]
Weighted Average Rate, NOW accounts (as a percent)	1.44%	1.44%
Weighted Average Rate, Statement savings accounts (as a percent)	1.13%	1.13%
Weighted Average Rate, Money market accounts (as a percent)	2.40%	2.40%
Weighted Average Rate, Certificates of deposit (as a percent)	3.80%	3.80%

DEPOSITS - Schedule of Interest

DEPOSITS - Schedule of Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest expense on deposits
NOW accounts	$ 394	$ 430	$ 769	$ 870
Statement savings accounts	137	217	286	446
Money market accounts	6,890	4,064	12,693	7,523
Certificates of deposit	9,519	4,851	17,504	8,511
Interest expense on deposits, Total	$ 16,940	$ 9,562	$ 31,252	$ 17,350

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Weighted-average interest rate on certificates of deposit (as a percent)	2.30%	1.87%
Time Deposits, at or Above FDIC Insurance Limit	$ 206.8	$ 85.3
Brokered deposits	$ 757.9	$ 786.1

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Certificates of deposit outstanding
Within one year	$ 1,642,905
One to two years	339,683
Two to three years	47,011
Three to four years	17,424
Four to five years	12,960
Thereafter	393
Total	$ 2,060,376	$ 1,579,806

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Narrative (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives designated as a hedging instrument	$ 0	$ 0

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional amount	$ 4,103,995	$ 5,698,157
Derivatives before netting, derivative assets	33,979	28,083
Netting adjustments, derivative assets	(6,035)	(8,329)
Derivative assets	27,944	19,754
Derivatives before netting, derivative Liabilities	(11,048)	(17,004)
Netting adjustments, derivative liabilities	10,746	12,517
Derivative liabilities	(302)	(4,487)
Concentration of credit risk, master netting arrangements [Member]
Derivatives, Fair Value [Line Items]
Cash collateral, as part of netting adjustment	4,700	4,200
Forward sale commitments [Member]
Derivatives, Fair Value [Line Items]
Notional amount	1,947,212	1,334,947
Derivatives before netting, derivative assets	2,361	3,025
Derivatives before netting, derivative Liabilities	(3,652)	(5,340)
Interest rate swaptions [Member]
Derivatives, Fair Value [Line Items]
Notional amount	21,000	34,000
Derivatives before netting, derivative assets	485	203
Derivatives before netting, derivative Liabilities	0	0
Interest rate lock and purchase loan commitments [Member]
Derivatives, Fair Value [Line Items]
Notional amount	423,414	390,558
Derivatives before netting, derivative assets	8,666	10,289
Derivatives before netting, derivative Liabilities	(42)	(5)
Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Notional amount	421,369	803,652
Derivatives before netting, derivative assets	22,418	14,566
Derivatives before netting, derivative Liabilities	(7,354)	(11,549)
Eurodollar futures [Member]
Derivatives, Fair Value [Line Items]
Notional amount	1,291,000	3,135,000
Derivatives before netting, derivative assets	49	0
Derivatives before netting, derivative Liabilities	$ 0	$ (110)

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Master Netting Agreements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Gross fair value, derivative assets	$ 33,979	$ 28,083
Netting adjustments, derivative assets	(6,035)	(8,329)
Derivative assets	27,944	19,754
Securities pledged, derivative assets	0	0
Net amount - derivative assets	27,944	19,754
Derivatives before netting, derivative Liabilities	(11,048)	(17,004)
Netting adjustments, derivative liabilities	10,746	12,517
Derivative liabilities	(302)	(4,487)
Securities pledged, derivative liabilities	0	3,223
Net amount, derivative liabilities	(302)	(1,264)
Concentration of credit risk, master netting arrangements [Member]
Derivative [Line Items]
Cash collateral, as part of netting adjustment	$ 4,700	$ 4,200

DERIVATIVES AND HEDGING ACTIV_6

DERIVATIVES AND HEDGING ACTIVITIES - Gain (Loss) Recognized in Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Loans [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	$ (11,245)	$ 2,957	$ (11,099)	$ 17,082
Servicing contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	7,194	(12,188)	10,877	(43,165)
Other Credit Derivatives [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	25	0	34	0
Mortgages [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	$ (4,026)	$ (9,231)	$ (188)	$ (26,083)

MORTGAGE BANKING OPERATIONS - L

MORTGAGE BANKING OPERATIONS - Loans Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 145,252	$ 77,324
Total loans held for sale	465,490	347,007
Loans held for sale, discontinued operations	320,200	269,700
Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	401,805	321,868
Multifamily DUS [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	51,212	21,974
Small Business Administration Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	1,595	3,165
CRE-Non-DUS [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 10,878	$ 0

MORTGAGE BANKING OPERATIONS -_2

MORTGAGE BANKING OPERATIONS - Loans Sold (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 1,605,726	$ 1,941,241	$ 2,774,646	$ 3,528,633
Proceeds from sale of loans originated as held for investment			339,026	230,527
Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	1,393,848	1,629,745	2,387,467	3,180,469
Proceeds from sale of loans originated as held for investment	60,216	138,603	71,446	138,603
Multifamily DUS [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	22,984	54,621	44,911	87,597
Small Business Administration Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	1,669	3,622	8,778	7,314
CRE-Non-DUS [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 127,009	$ 114,650	$ 262,044	$ 114,650

MORTGAGE BANKING OPERATIONS - G

MORTGAGE BANKING OPERATIONS - Gain on Sale (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Gain on mortgage loan origination and sale activities [Line Items]
Total gain on loan origination and sale activities	$ 12,178	$ 2,710	$ 14,785	$ 4,157
Total gain on loan origination and sale activities	36,375	57,049	74,470	105,368
Net gains on mortgage loan origination and sales activities, discontinued operations	24,200	54,300	59,700	101,200
Single family [Member]
Gain on mortgage loan origination and sale activities [Line Items]
Servicing value and secondary market gains	29,139	48,182	60,982	89,609
Loan origination and funding fees	4,420	6,158	8,065	11,603
Total gain on loan origination and sale activities	33,559	54,340	69,047	101,212
Gain (loss) on loan origination and sales activities, loans held for investment	(10)	(89)	(63)	(89)
Multifamily DUS [Member]
Gain on mortgage loan origination and sale activities [Line Items]
Total gain on loan origination and sale activities	659	1,613	1,193	2,759
Small Business Administration Loan [Member]
Gain on mortgage loan origination and sale activities [Line Items]
Total gain on loan origination and sale activities	132	385	507	686
CRE-Non-DUS [Member]
Gain on mortgage loan origination and sale activities [Line Items]
Gain (loss) on loan origination and sales activities, loans held for investment	$ 2,035	$ 800	$ 3,786	$ 800

MORTGAGE BANKING OPERATIONS -_3

MORTGAGE BANKING OPERATIONS - Loans Serviced for Others (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 8,326,477	$ 21,694,212
Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	6,790,955	20,151,735
Single family [Member] | U.S. government and agency [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	6,204,566	19,541,450
Single family [Member] | Single family other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	586,389	610,285
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	1,535,522	1,542,477
Commercial loans [Member] | Multifamily DUS [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	1,452,103	1,458,020
Commercial loans [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 83,419	$ 84,457

MORTGAGE BANKING OPERATIONS - M

MORTGAGE BANKING OPERATIONS - Mortgage Repurchase Liability (Details) - Representations and warranties reserve for loan receivables [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Mortgage Repurchase Losses [Roll Forward]
Balance, beginning of period	$ 3,256	$ 2,665	$ 3,120	$ 3,015
Additions (reductions), net of adjustments	251	(5)	504	605
Realized losses	(270)	(156)	(387)	(1,116)
Balance, end of period	$ 3,237	$ 2,504	$ 3,237	$ 2,504

MORTGAGE BANKING OPERATIONS - N

MORTGAGE BANKING OPERATIONS - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Mar. 29, 2019
Financing Receivable, Impaired [Line Items]
Servicing advances	$ 2.9	$ 2.5
Multifamily DUS [Member]
Financing Receivable, Impaired [Line Items]
Expected weighted average life of MSR	10 years 5 months 23 days
Early buyout loans [Member]
Financing Receivable, Impaired [Line Items]
Loans receivable, in Ginnie Mae pool	$ 9.5	$ 37.7
Single family [Member] | Agency debentures [Member]
Financing Receivable, Impaired [Line Items]
Mortgage servicing rights, unpaid principal balance, sold			$ 14,260
Percentage of loan portfolio sold		71.00%
Increase in income during period from discontinued operations before income taxes	$ (1.3)

MORTGAGE BANKING OPERATIONS - R

MORTGAGE BANKING OPERATIONS - Revenue from Mortgage Servicing (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Servicing fees and other	$ 6,066	$ 18,385	$ 23,423	$ 36,836
Changes in fair value of single family MSRs due to modeled amortization	(3,422)	(9,400)	(12,405)	(18,270)
Amortization of multifamily and SBA MSRs	(1,102)	(1,064)	(2,478)	(2,113)
Net servicing income	1,542	7,921	8,540	16,453
Changes in fair value due to changes in model inputs and/or assumptions	(9,414)	11,299	(14,692)	41,318
Mortgage servicing rights, risk management	(2,220)	(889)	(3,815)	(1,847)
Loan servicing income	(678)	7,032	4,725	14,606
MSR transaction costs, discontinued operations	(2,900)	6,100	1,500	12,800
Servicing contracts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net (loss) gain from derivatives economically hedging MSR	$ (7,194)	$ 12,188	$ (10,877)	$ 43,165

MORTGAGE BANKING OPERATIONS - K

MORTGAGE BANKING OPERATIONS - Key Economic Assumptions (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Constant prepayment rate [Member]
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	18.03%	15.69%	18.81%	14.72%
Discount rate [Member]
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	9.41%	10.29%	9.55%	10.26%

MORTGAGE BANKING OPERATIONS - S

MORTGAGE BANKING OPERATIONS - Sensitivity Analysis (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Fair value of mortgage servicing rights	$ 67,723	$ 75,047
Expected weighted-average life	4 years 9 months 10 days
Constant prepayment rate (as a percent)	17.46%
Impact on fair value of 25 basis points adverse change in interest rates	$ (4,896)
Impact on fair value of 50 basis points adverse change in interest rates	$ (9,574)
Discount rate (as a percent)	9.30%
Impact on fair value of 100 basis points increase	$ (2,093)
Impact on fair value of 200 basis points increase	$ (4,050)

MORTGAGE BANKING OPERATIONS -_4

MORTGAGE BANKING OPERATIONS - Single Family MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance			$ 75,047
Additions and amortization:
Changes due to modeled amortization	$ 3,422	$ 9,400	12,405	$ 18,270
Changes in fair value of MSR due to changes in market inputs and/or model updates	(9,414)	11,299	(14,692)	41,318
Ending balance	67,723		67,723
Single family [Member]
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	68,250	294,062	252,168	258,560
Additions and amortization:
Originations	10,184	16,673	17,471	31,026
Sale of single family MSRs	0	(66,890)	(176,944)	(66,890)
Changes due to modeled amortization	(3,422)	(9,400)	(12,405)	(18,270)
Net additions and amortization	6,762	(59,617)	(171,878)	(54,134)
Changes in fair value of MSR due to changes in market inputs and/or model updates	(7,289)	11,299	(12,567)	41,318
Ending balance	67,723	245,744	67,723	245,744
Single family residential mortgage servicing rights [Member]
Additions and amortization:
Changes in fair value of MSR due to changes in market inputs and/or model updates	$ (2,000)	$ 573	$ (1,300)	$ 573

MORTGAGE BANKING OPERATIONS -_5

MORTGAGE BANKING OPERATIONS - Multifamily MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Servicing Asset at Amortized Value, Balance [Roll Forward]
Beginning balance	$ 27,692	$ 26,042	$ 28,326	$ 26,093
Origination	530	1,409	1,161	2,343
Amortization	(995)	(991)	(2,260)	(1,976)
Ending balance	$ 27,227	$ 26,460	$ 27,227	$ 26,460

MORTGAGE BANKING OPERATIONS -_6

MORTGAGE BANKING OPERATIONS - MSR Projected Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Projected Amortization Expense [Abstract]
Remainder of 2019	$ 1,983
2020	3,908
2021	3,729
2022	3,486
2023	3,268
2024	2,992
2025 and thereafter	7,861
Carrying value of multifamily MSR	$ 27,227	$ 27,692	$ 28,326	$ 26,460	$ 26,042	$ 26,093

COMMITMENTS, GUARANTEES, AND _2

COMMITMENTS, GUARANTEES, AND CONTINGENCIES - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)claim	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)claim	Jun. 30, 2018USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 45,300,000		$ 45,300,000			$ 33,800,000
Allowance for unfunded commitments	$ 1,400,000	$ 1,500,000	$ 1,400,000	$ 1,500,000		1,400,000
Number of material claims pending | claim	0		0
Representations and warranties reserve for loan receivables [Member]
Loss Contingencies [Line Items]
Unfunded commitment balance of loans sold on a servicing-retained basis	$ 6,870,000,000		$ 6,870,000,000			20,240,000,000
Reserve liability related to mortgage repurchase	3,237,000	2,504,000	3,237,000	2,504,000	$ 3,256,000	3,120,000	$ 2,665,000	$ 3,015,000
Loss contingency provision	251,000	(5,000)	504,000	605,000
Undisbursed construction loan funds [Member]
Loss Contingencies [Line Items]
Unfunded commitment balance of loans sold on a servicing-retained basis	474,500,000		474,500,000			607,200,000
Home equity and business banking credit lines [Member]
Loss Contingencies [Line Items]
Unfunded commitment balance of loans sold on a servicing-retained basis	768,900,000		768,900,000			662,100,000
Loss sharing relationship [Member]
Loss Contingencies [Line Items]
Reserve liability related to multifamily DUS program	2,700,000		2,700,000			2,500,000
Loss sharing relationship [Member] | Multifamily [Member]
Loss Contingencies [Line Items]
UPB of loans sold through DUS	1,450,000,000		1,450,000,000			1,460,000,000
Losses incurred - related to DUS	0	$ 0	0	$ 0
Credit risk [Member]
Loss Contingencies [Line Items]
Reserve liability related to mortgage repurchase	$ 3,200,000		$ 3,200,000			$ 3,100,000

FAIR VALUE MEASUREMENT - Schedu

FAIR VALUE MEASUREMENT - Schedule of Fair Value Hierarchy Measurement (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets:
Investment securities available for sale	$ 799,397	$ 851,968
Single family mortgage servicing rights	67,723	75,047
Fair value of loans held for sale	81,566	52,186
Fair value of loans held for investment	4,475	4,057
Derivative assets	27,944	19,754
Liabilities:
Derivative liabilities	302	4,487
Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	110,021	107,961
Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	30,428	34,514
Municipal bonds [Member]
Assets:
Investment securities available for sale	357,097	385,655
Corporate debt securities [Member]
Assets:
Investment securities available for sale	18,897	19,995
Agency debentures [Member]
Assets:
Investment securities available for sale		9,525
Recurring [Member]
Assets:
Single family mortgage servicing rights	67,723	252,168
Fair value of loans held for sale	401,805	321,868
Fair value of loans held for investment	4,475	4,057
Total assets	1,307,379	1,458,144
Liabilities:
Total liabilities	11,048	17,005
Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	110,021	107,961
Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	30,428	34,514
Recurring [Member] | Collateralized mortgage obligations residential [Member]
Assets:
Investment securities available for sale	157,064	166,744
Recurring [Member] | Collateralized mortgage obligations commercial [Member]
Assets:
Investment securities available for sale	124,579	116,674
Recurring [Member] | Municipal bonds [Member]
Assets:
Investment securities available for sale	357,097	385,655
Recurring [Member] | Corporate debt securities [Member]
Assets:
Investment securities available for sale	18,897	19,995
Recurring [Member] | US treasury securities [Member]
Assets:
Investment securities available for sale	1,311	10,900
Recurring [Member] | Agency debentures [Member]
Assets:
Investment securities available for sale	0	9,525
Recurring [Member] | Eurodollar futures [Member]
Assets:
Derivative assets	49
Liabilities:
Derivative liabilities		110
Recurring [Member] | Forward sale commitments [Member]
Assets:
Derivative assets	2,361	3,025
Liabilities:
Derivative liabilities	3,652	5,340
Recurring [Member] | Interest rate swaptions [Member]
Assets:
Derivative assets	485	203
Recurring [Member] | Interest rate lock and purchase loan commitments [Member]
Assets:
Derivative assets	8,666	10,289
Liabilities:
Derivative liabilities	42	5
Recurring [Member] | Interest rate swaps [Member]
Assets:
Derivative assets	22,418	14,566
Liabilities:
Derivative liabilities	7,354	11,550
Level 1 [Member] | Recurring [Member]
Assets:
Single family mortgage servicing rights	0	0
Fair value of loans held for sale	0	0
Fair value of loans held for investment	0	0
Total assets	49	0
Liabilities:
Total liabilities	0	110
Level 1 [Member] | Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Collateralized mortgage obligations residential [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Collateralized mortgage obligations commercial [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Municipal bonds [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Corporate debt securities [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | US treasury securities [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Agency debentures [Member]
Assets:
Investment securities available for sale	0	0
Level 1 [Member] | Recurring [Member] | Eurodollar futures [Member]
Assets:
Derivative assets	49
Liabilities:
Derivative liabilities		110
Level 1 [Member] | Recurring [Member] | Forward sale commitments [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 1 [Member] | Recurring [Member] | Interest rate swaptions [Member]
Assets:
Derivative assets	0	0
Level 1 [Member] | Recurring [Member] | Interest rate lock and purchase loan commitments [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 1 [Member] | Recurring [Member] | Interest rate swaps [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 2 [Member] | Recurring [Member]
Assets:
Single family mortgage servicing rights	0	0
Fair value of loans held for sale	397,378	319,177
Fair value of loans held for investment	0	0
Total assets	1,220,058	1,188,939
Liabilities:
Total liabilities	11,006	16,890
Level 2 [Member] | Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	108,132	107,961
Level 2 [Member] | Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	30,428	34,514
Level 2 [Member] | Recurring [Member] | Collateralized mortgage obligations residential [Member]
Assets:
Investment securities available for sale	157,064	166,744
Level 2 [Member] | Recurring [Member] | Collateralized mortgage obligations commercial [Member]
Assets:
Investment securities available for sale	124,579	116,674
Level 2 [Member] | Recurring [Member] | Municipal bonds [Member]
Assets:
Investment securities available for sale	357,097	385,655
Level 2 [Member] | Recurring [Member] | Corporate debt securities [Member]
Assets:
Investment securities available for sale	18,805	19,995
Level 2 [Member] | Recurring [Member] | US treasury securities [Member]
Assets:
Investment securities available for sale	1,311	10,900
Level 2 [Member] | Recurring [Member] | Agency debentures [Member]
Assets:
Investment securities available for sale	0	9,525
Level 2 [Member] | Recurring [Member] | Eurodollar futures [Member]
Assets:
Derivative assets	0
Liabilities:
Derivative liabilities		0
Level 2 [Member] | Recurring [Member] | Forward sale commitments [Member]
Assets:
Derivative assets	2,361	3,025
Liabilities:
Derivative liabilities	3,652	5,340
Level 2 [Member] | Recurring [Member] | Interest rate swaptions [Member]
Assets:
Derivative assets	485	203
Level 2 [Member] | Recurring [Member] | Interest rate lock and purchase loan commitments [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 2 [Member] | Recurring [Member] | Interest rate swaps [Member]
Assets:
Derivative assets	22,418	14,566
Liabilities:
Derivative liabilities	7,354	11,550
Level 3 [Member] | Recurring [Member]
Assets:
Investment securities available for sale	1,981
Single family mortgage servicing rights		252,168
Fair value of loans held for sale	4,427	2,691
Fair value of loans held for investment	4,475	4,057
Total assets	87,272	269,205
Liabilities:
Total liabilities	42	5
Level 3 [Member] | Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	1,889	0
Level 3 [Member] | Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	0	0
Level 3 [Member] | Recurring [Member] | Collateralized mortgage obligations residential [Member]
Assets:
Investment securities available for sale	0	0
Level 3 [Member] | Recurring [Member] | Collateralized mortgage obligations commercial [Member]
Assets:
Investment securities available for sale	0	0
Level 3 [Member] | Recurring [Member] | Municipal bonds [Member]
Assets:
Investment securities available for sale	0	0
Level 3 [Member] | Recurring [Member] | Corporate debt securities [Member]
Assets:
Investment securities available for sale	92	0
Level 3 [Member] | Recurring [Member] | US treasury securities [Member]
Assets:
Investment securities available for sale	0	0
Level 3 [Member] | Recurring [Member] | Agency debentures [Member]
Assets:
Investment securities available for sale	0	0
Level 3 [Member] | Recurring [Member] | Eurodollar futures [Member]
Assets:
Derivative assets	0
Liabilities:
Derivative liabilities		0
Level 3 [Member] | Recurring [Member] | Forward sale commitments [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 3 [Member] | Recurring [Member] | Interest rate swaptions [Member]
Assets:
Derivative assets	0	0
Level 3 [Member] | Recurring [Member] | Interest rate lock and purchase loan commitments [Member]
Assets:
Derivative assets	8,666	10,289
Liabilities:
Derivative liabilities	42	5
Level 3 [Member] | Recurring [Member] | Interest rate swaps [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers between levels of fair value hierarchy	$ 0	$ 0	$ 0	$ 0
Fair value of loans held for investment	4,475,000		4,475,000		$ 4,057,000
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of loans held for investment	4,475,000		4,475,000		4,057,000
Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of loans held for investment	$ 4,475,000		$ 4,475,000		$ 4,057,000

FAIR VALUE MEASUREMENT - Sche_2

FAIR VALUE MEASUREMENT - Schedule of Investment Securities Available for Sale Measured Using Level 3 Unobservable Inputs (Details) - USD ($)	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 799,397,000		$ 851,968,000
Decrease in investment securities held to maturity	(4,422,000)		$ (71,285,000)
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 1,981,000
Measurement Input, Implied Spread [Member] | Minimum [Member] | Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs	0.0200
Measurement Input, Implied Spread [Member] | Maximum [Member] | Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs	0.0200
Measurement Input, Implied Spread [Member] | Weighted average [Member] | Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs	0.0200
Accounting Standards Update 2017-12 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale		$ 66,200,000
Decrease in investment securities held to maturity		$ 66,200,000

FAIR VALUE MEASUREMENT - Sche_3

FAIR VALUE MEASUREMENT - Schedule of Single Family Loans Held for Sale Measure Using Level 3 Unobservable Inputs (Details) $ in Thousands	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair value option	$ 4,475	$ 4,057
Loans held for sale, fair value option	81,566	52,186
Recurring [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair value option	4,475	4,057
Loans held for sale, fair value option	401,805	321,868
Recurring [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair value option	4,475	4,057
Loans held for sale, fair value option	$ 4,427	$ 2,691
Measurement Input, Implied Spread [Member] | Recurring [Member] | Level 3 [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair vale inputs	0.0390	0.0334
Loans held for sale, fair value inputs	0.0457	0.0426
Measurement Input, Implied Spread [Member] | Recurring [Member] | Level 3 [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair vale inputs	0.0525	0.0515
Loans held for sale, fair value inputs	0.0674	0.0496
Measurement Input, Implied Spread [Member] | Recurring [Member] | Level 3 [Member] | Weighted average [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair vale inputs	0.0440	0.0420
Loans held for sale, fair value inputs	0.0543	0.0440
Market price movement [Member] | Recurring [Member] | Level 3 [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for sale, fair value inputs	0	0.0071
Market price movement [Member] | Recurring [Member] | Level 3 [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for sale, fair value inputs	0.0031	0.0109
Market price movement [Member] | Recurring [Member] | Level 3 [Member] | Weighted average [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for sale, fair value inputs	0.0015	0.0090

FAIR VALUE MEASUREMENT - Sche_4

FAIR VALUE MEASUREMENT - Schedule of Interest Rate Lock and Purchase Loan Commitments Fair Value Measure Using Level 3 Unobservable Inputs (Details) - Interest rate lock and purchase loan commitments [Member] $ in Thousands	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, fair value	$ 8,624	$ 14,056	$ 10,284	$ 16,866	$ 16,676	$ 12,925
Level 3 [Member] | Measurement Input, Fall-Out Factor [Member] | Recurring [Member] | Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, measurement input	0		0
Level 3 [Member] | Measurement Input, Fall-Out Factor [Member] | Recurring [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, measurement input	0.7929		0.6792
Level 3 [Member] | Measurement Input, Fall-Out Factor [Member] | Recurring [Member] | Weighted average [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, measurement input	0.1230		0.1984
Level 3 [Member] | Measurement Input, Value Of Servicing [Member] | Recurring [Member] | Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, measurement input	0.0050		0.0054
Level 3 [Member] | Measurement Input, Value Of Servicing [Member] | Recurring [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, measurement input	0.0159		0.0164
Level 3 [Member] | Measurement Input, Value Of Servicing [Member] | Recurring [Member] | Weighted average [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, measurement input	0.0107		0.0093

FAIR VALUE MEASUREMENT - Sche_5

FAIR VALUE MEASUREMENT - Schedule of Fair Value Changes and Activity for Level 3 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Fair Value Changes and Activity for Level 3 [Roll Forward]
Decrease in investment securities held to maturity	$ (4,422)		$ (4,422)			$ (71,285)
Investment securities available for sale	799,397		799,397			$ 851,968
Available-for-sale Securities [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	1,937		0
Additions	0		0
Transfers	0		2,379
Settlements	(40)		(80)
Realized/unrealized gains (losses)	84		(318)
Ending balance	1,981		1,981
Loans held for sale [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	4,525	$ 3,326	2,691	$ 1,336
Additions	781	556	2,667	2,601
Transfers	0	0	0	0
Settlements	(909)	(1,997)	(909)	(1,997)
Realized/unrealized gains (losses)	30	(62)	(22)	(117)
Ending balance	4,427	1,823	4,427	1,823
Loans held for investment [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	4,830	5,304	4,057	5,477
Additions	274	0	999	0
Transfers	0	0	0	0
Settlements	(603)	(1,114)	(606)	(1,114)
Realized/unrealized gains (losses)	(26)	(3)	25	(176)
Ending balance	4,475	4,187	4,475	4,187
Interest rate lock and purchase loan commitments [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	14,056	16,676	10,284	12,925
Settlements	(19,179)	(28,376)	(35,072)	(47,139)
Realized/unrealized gains (losses)	13,747	28,566	33,412	51,080
Ending balance	$ 8,624	$ 16,866	$ 8,624	$ 16,866
Accounting Standards Update 2017-12 [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Decrease in investment securities held to maturity					$ 66,200
Investment securities available for sale					$ 66,200

FAIR VALUE MEASUREMENT - FV Uno

FAIR VALUE MEASUREMENT - FV Unobservable Inputs - Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	$ 799,397		$ 799,397		$ 851,968
Gains (losses) on loans held for investment			136	$ (31)
Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	348	$ 1,341	348	1,341
Gains (losses) on loans held for investment	(4)	(7)	(4)	(144)
Total assets	348	1,341	348	1,341
Total gains (Losses)	(4)	(7)	(4)	(144)
Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	0	0	0	0
Total assets	0	0	0	0
Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	0	0	0	0
Total assets	0	0	0	0
Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	348	1,341	348	1,341
Total assets	$ 348	$ 1,341	$ 348	$ 1,341

FAIR VALUE MEASUREMENT - FV of

FAIR VALUE MEASUREMENT - FV of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets:
Investment securities held to maturity	$ 4,520	$ 70,546
Fair value of loans held for investment	4,475	4,057
Loans held for sale, fair value option	81,566	52,186
Single family mortgage servicing rights	67,723	75,047
Carrying value [Member]
Assets:
Cash and cash equivalents	99,602	57,982
Investment securities held to maturity	4,422	71,285
Fair value of loans held for investment	5,283,384	5,071,314
Federal Home Loan Bank stock	24,048	45,497
Liabilities:
Time deposits	2,060,376	1,579,806
Federal Home Loan Bank advances	387,590	932,590
Federal funds purchased and securities sold under agreements to repurchase		19,000
Long-term debt	125,556	125,462
Fair value [Member]
Assets:
Cash and cash equivalents	99,602	57,982
Investment securities held to maturity	4,520	70,546
Fair value of loans held for investment	5,415,713	5,099,960
Federal Home Loan Bank stock	24,048	45,497
Liabilities:
Time deposits	2,069,651	1,575,139
Federal Home Loan Bank advances	389,231	935,021
Federal funds purchased and securities sold under agreements to repurchase		19,021
Long-term debt	114,717	112,475
Level 1 [Member] | Fair value [Member]
Assets:
Cash and cash equivalents	99,602	57,982
Investment securities held to maturity	0	0
Fair value of loans held for investment	0	0
Federal Home Loan Bank stock	0	0
Liabilities:
Time deposits	0	0
Federal Home Loan Bank advances	0	0
Federal funds purchased and securities sold under agreements to repurchase		19,021
Long-term debt	0	0
Level 2 [Member] | Fair value [Member]
Assets:
Cash and cash equivalents	0	0
Investment securities held to maturity	4,520	70,546
Fair value of loans held for investment	0	0
Federal Home Loan Bank stock	24,048	45,497
Liabilities:
Time deposits	2,069,651	1,575,139
Federal Home Loan Bank advances	389,231	935,021
Federal funds purchased and securities sold under agreements to repurchase		0
Long-term debt	114,717	112,475
Level 3 [Member] | Fair value [Member]
Assets:
Cash and cash equivalents	0	0
Investment securities held to maturity	0	0
Fair value of loans held for investment	5,415,713	5,099,960
Federal Home Loan Bank stock	0	0
Liabilities:
Time deposits	0	0
Federal Home Loan Bank advances	0	0
Federal funds purchased and securities sold under agreements to repurchase		0
Long-term debt	0	0
Multifamily [Member] | Carrying value [Member]
Assets:
Loans held for sale, fair value option	52,808	25,139
Single family mortgage servicing rights	27,229	28,328
Multifamily [Member] | Fair value [Member]
Assets:
Loans held for sale, fair value option	52,808	25,139
Single family mortgage servicing rights	30,048	31,168
Multifamily [Member] | Level 1 [Member] | Fair value [Member]
Assets:
Loans held for sale, fair value option	0	0
Single family mortgage servicing rights	0	0
Multifamily [Member] | Level 2 [Member] | Fair value [Member]
Assets:
Loans held for sale, fair value option	52,808	25,139
Single family mortgage servicing rights	0	0
Multifamily [Member] | Level 3 [Member] | Fair value [Member]
Assets:
Loans held for sale, fair value option	0	0
Single family mortgage servicing rights	$ 30,048	$ 31,168

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of EPS Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 11, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
EPS numerator:
Income from continuing operations		$ 8,892	$ 4,171	$ 13,950	$ 5,925
Undistributed stock dividends share repurchase		(283)	0	(283)	0
Allocated undistributed earnings in share repurchase		(60)	0	(47)	0
Income from continuing operations available to common shareholders		8,549	4,171	13,620	5,925
(Loss) income from discontinued operations		(14,480)	2,928	(21,253)	7,040
Net (loss) income		$ (5,931)	$ 7,099	$ (7,633)	$ 12,965
Weighted average shares:
Basic weighted average number of shares outstanding (in shares)		26,619,216	26,976,892	26,820,361	26,952,178
Dilutive effect of outstanding common stock equivalents (in shares)		182,914	179,437	173,292	205,486
Diluted weighted-average number of shares outstanding (in shares)		26,802,130	27,156,329	26,993,653	27,157,664
Basic earnings per common share:
Basic income from continuing operations per share (in dollars per share)		$ 0.32	$ 0.15	$ 0.51	$ 0.22
Basic (loss) income from discontinued operations per share (in dollars per share)		(0.54)	0.11	(0.79)	0.26
Basic income per share (in dollars per share)		(0.22)	0.26	(0.28)	0.48
Diluted earnings per common share
Diluted income from continuing operations per share (in dollars per share)		0.32	0.15	0.51	0.22
Diluted (loss) income from discontinued operations per share (in dollars per share)		(0.54)	0.11	(0.79)	0.26
Diluted income per share (in dollars per share)		$ (0.22)	$ 0.26	$ (0.28)	$ 0.48
Aggregate number of common stock equivalents and unvested restricted stock (in shares)				83	9,259
Common stock repurchased (in shares)		963,600		963,600
Subsequent Event [Member]
Diluted earnings per common share
Common stock repurchased (in shares)	1,700,000

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Remaining lease terms		20 years
Lessee, Operating Sublease, Description [Abstract]
Remainder of 2019, sublease payments due to Company	$ 2,900	$ 2,900
2020, sublease payments due to Company	5,700	5,700
2021, sublease payments due to Company	4,800	4,800
2022, sublease payments due to Company	3,600	3,600
2023, sublease payments due to Company	2,200	2,200
Thereafter, sublease payments due to Company	580	580
Impairment loss	$ 1,300	$ 3,800

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 3,765	$ 7,716
Finance lease cost:
Amortization of right-of-use assets	544	1,159
Interest on lease liabilities	87	181
Short-term lease	2	6
Variable lease cost	2,034	3,802
Sublease income	(490)	(829)
Total lease cost	$ 5,942	$ 12,035

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,301	$ 8,732
Operating cash flows from finance leases	87	181
Financing cash flows from finance leases	598	1,053
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	(12,201)	(7,365)
Finance leases	$ (1,191)	$ (1,016)

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 93,321
Operating lease liabilities	112,415
Finance lease right-of-use assets	9,029
Finance lease liabilities	$ 9,259
Weighted Average Remaining lease term
Operating leases	11 years 10 months 13 days
Finance leases	15 years 25 days
Weighted Average Discount Rate
Operating leases	3.49%
Finance leases	3.60%

LEASES - Lease Liability Maturi

LEASES - Lease Liability Maturities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
2019 (excluding the six months ended June 30, 2019)	$ 8,367
2020	15,743
2021	14,560
2022	12,529
2023	10,565
2024	9,421
Thereafter	67,258
Total lease payments	138,443
Less imputed interest	26,028
Total	112,415
Finance Lease Liabilities, Payments, Due [Abstract]
2019 (excluding the six months ended June 30, 2019)	797
2020	1,560
2021	1,357
2022	583
2023	474
2024	400
Thereafter	7,238
Total lease payments	12,409
Less imputed interest	3,150
Total	$ 9,259

LEASES - Minimum Rental Payment

LEASES - Minimum Rental Payments for Non-Cancelable Leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 22,770
2020	20,671
2021	18,825
2022	16,418
2023	13,274
2024 and thereafter	40,717
Total minimum payments	$ 132,675

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 25, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill from acquisition	$ 30,170		$ 22,564
Silvergate Bank Branch, San Diego County
Business Acquisition [Line Items]
Goodwill from acquisition		$ 7,600

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019	Jan. 01, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 747,031	$ 700,963	$ 739,520	$ 704,380
Cumulative effect of adoption of new accounting standards					$ (548)
Amounts reclassified from accumulated other comprehensive income (loss)	(108)	(12)	87	(188)
Other comprehensive income (loss)	10,062	(2,424)	20,226	(12,600)
Ending balance	671,175	706,459	671,175	706,459
Accumulated Other Comprehensive Income (Loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(7,355)	(17,298)	(15,439)	(7,122)
Cumulative effect of adoption of new accounting standards					$ (2,080)	$ 0
Other comprehensive income (loss) before reclassifications	10,170	(2,412)	20,139	(12,412)
Amounts reclassified from accumulated other comprehensive income (loss)	(108)	(12)	87	(188)
Other comprehensive income (loss)	10,062	(2,424)	20,226	(12,600)
Ending balance	$ 2,707	$ (19,722)	$ 2,707	$ (19,722)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain (loss) on sale of investment securities available for sale	$ 137	$ 16	$ (110)	$ 238
Income tax (benefit) expense	1,292	1,015	2,537	1,584
Total, net of tax	108	12	(87)	188
Gains and Losses on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain (loss) on sale of investment securities available for sale	137	16	(110)	238
Income tax (benefit) expense	$ 29	$ 4	$ (23)	$ 50

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Percentage of revenue streams in scope with ASU 2014-09	2.10%	2.70%

RESTRUCTURING - Restructuring R

RESTRUCTURING - Restructuring Reserve Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Beginning balance	$ 1,535	$ 720	$ 1,604	$ 1,386
Restructuring charges	1,309	6,893	1,341	6,602
Costs paid or otherwise settled	(837)	(2,965)	(938)	(3,340)
Ending balance	2,007	4,648	2,007	4,648
Facility related costs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	1,407	720	1,604	1,386
Restructuring charges	290	6,454	194	6,163
Costs paid or otherwise settled	(274)	(2,965)	(375)	(3,340)
Ending balance	1,423	4,209	1,423	4,209
Personnel related costs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	0	0	0	0
Restructuring charges	1,000	439	1,000	439
Costs paid or otherwise settled	(438)	0	(438)	0
Ending balance	562	439	562	439
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	128	0	0	0
Restructuring charges	19	0	147	0
Costs paid or otherwise settled	(125)	0	(125)	0
Ending balance	$ 22	$ 0	$ 22	$ 0

Uncategorized Items - hmst-2019

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 1,532,000