HomeStreet (HMST) 10-Q 6 Nov 19 2019 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2019	Nov. 04, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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)		24,410,586.6
Entity Central Index Key	0001518715
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents (includes interest-earning instruments of $48,559 and $28,534)	$ 74,788	$ 57,982
Investment securities (includes $862,339 and $851,968 carried at fair value)	866,736	923,253
Loans held for sale (includes $87,717 and $52,186 carried at fair value)	172,958	77,324
Loans held for investment (net of allowance for loan losses of $43,437 and $41,470; includes $5,295 and $4,057 carried at fair value)	5,139,108	5,075,371
Mortgage servicing rights (includes $61,823 and $75,047 carried at fair value)	90,624	103,374
Other real estate owned	1,753	455
Federal Home Loan Bank stock, at cost	8,764	45,497
Premises and equipment, net	78,925	88,112
Lease right-of-use assets	101,843
Goodwill	30,170	22,564
Other assets	187,298	171,255
Assets of discontinued operations	82,911	477,034
Total assets	6,835,878	7,042,221
Liabilities:
Deposits	5,804,307	4,888,558
Federal Home Loan Bank advances	5,590	932,590
Accounts payable and other liabilities	84,095	169,970
Federal funds purchased and securities sold under agreements to repurchase	0	19,000
Long-term debt	125,603	125,462
Lease liabilities	120,072
Liabilities of discontinued operations	5,075	167,121
Total liabilities	6,144,742	6,302,701
Commitments and contingencies (Note 8)
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, 24,408,513 shares and 26,995,348 shares	511	511
Additional paid-in capital	309,649	342,439
Retained earnings	372,981	412,009
Accumulated other comprehensive income (loss)	7,995	(15,439)
Total shareholders' equity	691,136	739,520
Total liabilities and shareholders' equity	$ 6,835,878	$ 7,042,221

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Interest-bearing instruments	$ 48,559	$ 28,534
Investment securities held at fair value (AFS)	862,339	851,968
Fair value of loans held for sale	87,717	52,186
Allowance for losses on loans held for investment	43,437	41,470
Fair value of loans held for investment	5,295	4,057
Fair value of mortgage servicing rights	$ 61,823	$ 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)	24,408,513	26,995,348
Common stock, shares outstanding (in shares)	24,408,513	26,995,348

Interim Consolidated Statements

Interim Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income:
Loans	$ 64,803	$ 58,624	$ 194,749	$ 166,280
Investment securities	4,879	5,580	15,327	16,666
Other	395	76	763	263
Total interest income	70,077	64,280	210,839	183,209
Interest expense:
Deposits	20,502	11,286	51,754	28,636
Federal Home Loan Bank advances	501	3,277	8,778	8,286
Federal funds purchased and securities sold under agreements to repurchase	39	83	806	139
Long-term debt	1,698	1,695	5,167	4,941
Other	203	79	456	154
Total interest expense	22,943	16,420	66,961	42,156
Net interest income	47,134	47,860	143,878	141,053
Provision for credit losses	0	750	1,500	2,500
Net interest income after provision for credit losses	47,134	47,110	142,378	138,553
Noninterest income:
Net gain on loan origination and sale activities	15,951	4,193	30,736	8,350
Loan servicing income	2,687	954	5,906	2,799
Depositor and other retail banking fees	2,079	2,031	5,848	5,915
Insurance agency commissions	603	588	1,801	1,658
(Loss) gain on sale of investment securities available for sale, net	(18)	(4)	(128)	234
Other	3,278	2,888	8,338	7,195
Total noninterest income	24,580	10,650	52,501	26,151
Noninterest expense:
Salaries and related costs	32,793	25,183	92,311	79,393
General and administrative	9,539	8,591	25,565	25,658
Amortization of core deposit intangibles	429	406	1,223	1,219
Legal	594	873	2,214	2,393
Consulting	866	426	3,161	1,723
Federal Deposit Insurance Corporation (recoveries) assessments	(694)	880	960	2,739
Occupancy	4,856	4,548	15,650	13,531
Information services	7,325	7,005	21,361	20,782
Net benefit (cost) from operation and sale of other real estate owned	13	2	(46)	(89)
Total noninterest expense	55,721	47,914	162,399	147,349
Income from continuing operations before income taxes	15,993	9,846	32,480	17,355
Income tax expense from continuing operations	2,328	1,757	4,865	3,341
Income from continuing operations	13,665	8,089	27,615	14,014
Income (loss) from discontinued operations before income taxes (includes net gain on disposal of $1,260 and net loss on disposal of $21,760 for the three and nine months ended September 30, 2019)	190	4,561	(24,928)	13,651
Income tax expense (benefit) from discontinued operations	28	815	(3,837)	2,865
Income (loss) from discontinued operations	162	3,746	(21,091)	10,786
NET INCOME	$ 13,827	$ 11,835	$ 6,524	$ 24,800
Basic earnings per common share:
Basic income from continuing operations per share (in dollars per share)	$ 0.55	$ 0.30	$ 1.04	$ 0.52
Basic income (loss) from discontinued operations per share (in dollars per share)	0.01	0.14	(0.81)	0.40
Basic earnings per share (in dollars per share)	0.55	0.44	0.23	0.92
Diluted earnings per common share
Diluted income from continuing operations per share (in dollars per share)	0.54	0.30	1.03	0.52
Diluted income (loss) from discontinued operations per share (in dollars per share)	0.01	0.14	(0.80)	0.40
Diluted earnings per share (in dollars per share)	$ 0.55	$ 0.44	$ 0.22	$ 0.91
Basic weighted average number of shares outstanding (in shares)	24,419,793	26,985,425	26,020,172	26,963,260
Diluted weighted average number of shares outstanding (in shares)	24,625,938	27,181,688	26,204,414	27,165,672

Interim Consolidated Statemen_2

Interim Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Income Statement [Abstract]
Net loss on disposal	$ 1,260	$ (21,760)

Interim Consolidated Statemen_3

Interim Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 13,827	$ 11,835	$ 6,524	$ 24,800
Unrealized gain (loss) on investment securities available for sale:
Unrealized holding gain (loss) arising during the period, net of tax expense (benefit) of $1,402 and $(1,169) for the three months ended September 30, 2019 and 2018, and $6,607 and $(4,469) for the nine months ended September 30, 2019 and 2018, respectively	5,273	(4,399)	25,412	(16,811)
Reclassification adjustment for net losses (gains) included in net income, net of tax expense (benefit) of $(4) and zero for the three months ended September 30, 2019 and 2018, and $(27) and $49 for the nine months ended September 30, 2019 and 2018, respectively	15	4	102	(184)
Other comprehensive income (loss)	5,288	(4,395)	25,514	(16,995)
Comprehensive income	$ 19,115	$ 7,440	$ 32,038	$ 7,805

Interim Consolidated Statemen_4

Interim Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Tax expense (benefit) on unrealized holding gain (loss) on securities	$ 1,402	$ (1,169)	$ 6,607	$ (4,469)
Tax expense (benefit) on reclassification adjustment for net gain on securities included in net income	$ (4)	$ 0	$ (27)	$ 49

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	24,800			24,800
Common stock issued, (in shares)		101,454
Common stock issued	361		361
Share-based compensation expense	2,236		2,236
Other comprehensive income (loss)	(16,995)				(16,995)
Common stock shares outstanding, ending balance (in shares) at Sep. 30, 2018		26,989,742
Ending balance at Sep. 30, 2018	714,782	$ 511	341,606	396,782	(24,117)
Beginning balance at Dec. 31, 2017	0
Ending balance at Sep. 30, 2018	0
Common stock shares outstanding, beginning balance (in shares) at Jun. 30, 2018		26,978,229
Beginning balance at Jun. 30, 2018	706,459	$ 511	340,723	384,947	(19,722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,835			11,835
Common stock issued, (in shares)		11,513
Common stock issued	107		107
Share-based compensation expense	776		776
Other comprehensive income (loss)	(4,395)				(4,395)
Common stock shares outstanding, ending balance (in shares) at Sep. 30, 2018		26,989,742
Ending balance at Sep. 30, 2018	714,782	$ 511	341,606	396,782	(24,117)
Ending balance at Sep. 30, 2018	$ 0
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	6,524			6,524
Common stock issued, (in shares)		69,166
Common stock issued	176		176
Share-based compensation expense	1,011		1,109	(98)
Other comprehensive income (loss)	25,514				25,514
Common stock repurchased and retired (in shares)		(2,656,001)
Common stock repurchased and retired	(28,326)		(12,199)	(16,127)
Reclassification from temporary equity	$ (52,735)		(21,876)	(30,859)
Common stock shares outstanding, ending balance (in shares) at Sep. 30, 2019	24,408,513	24,408,513
Ending balance at Sep. 30, 2019	$ 691,136	$ 511	309,649	372,981	7,995
Beginning balance at Dec. 31, 2018	0
Increase (Decrease) in Temporary Equity [Roll Forward]
Common stock repurchased and retired	(52,735)
Ending balance at Sep. 30, 2019	0
Common stock shares outstanding, beginning balance (in shares) at Jun. 30, 2019		26,085,164
Beginning balance at Jun. 30, 2019	671,175	$ 511	308,705	359,252	2,707
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,827			13,827
Common stock issued, (in shares)		15,750
Common stock issued	95		95
Share-based compensation expense	751		849	(98)
Other comprehensive income (loss)	5,288				5,288
Common stock repurchased and retired (in shares)		(1,692,401)
Reclassification from temporary equity	$ 0
Common stock shares outstanding, ending balance (in shares) at Sep. 30, 2019	24,408,513	24,408,513
Ending balance at Sep. 30, 2019	$ 691,136	$ 511	$ 309,649	$ 372,981	$ 7,995
Beginning balance at Jun. 30, 2019	52,735
Increase (Decrease) in Temporary Equity [Roll Forward]
Common stock repurchased and retired	(52,735)
Ending balance at Sep. 30, 2019	$ 0

Interim Consolidated Statemen_6

Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 6,524	$ 24,800
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	29,834	18,671
Provision for credit losses	1,500	2,500
Net fair value adjustment and gain on sale of loans held for sale	(72,287)	(71,098)
Gain on sale of mortgage servicing rights, gross	(6,206)	0
Loss on sale of HLC mortgage origination assets, net	573	0
Fair value adjustment of loans held for investment	(193)	35
Origination of mortgage servicing rights	(27,823)	(50,551)
Change in fair value of mortgage servicing rights	37,293	(28,243)
Net loss (gain) on sale of investment securities	128	(234)
Net gain on sale of loans originated as held for investment	(6,405)	(169)
Net fair value adjustment, gain on sale and provision for losses on other real estate owned	(110)	(92)
Loss on disposal of fixed assets	128	303
Loss on lease abandonment and exit costs	15,816	6,073
Change in deferred income taxes	(40,409)	4,372
Share-based compensation expense	1,187	2,528
Origination of loans held for sale	(3,232,664)	(4,850,098)
Proceeds from sale of loans originated as held for sale	3,496,809	5,175,266
Changes in operating assets and liabilities:
Decrease in accounts receivable and other assets	3,797	4,986
Decrease in accounts payable and other liabilities	(25,217)	(10,250)
Net cash provided by operating activities	182,275	228,799
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment securities	(146,780)	(147,134)
Proceeds from sale of investment securities	144,602	38,465
Principal repayments and maturities of investment securities	84,890	82,432
Proceeds from sale of other real estate owned	744	460
Proceeds from sale of loans originated as held for investment	528,745	319,004
Proceeds from sale of mortgage servicing rights	2,958	65,318
Net cash provided by disposal of discontinued operations	174,333	0
Origination of loans held for investment and principal repayments, net	(593,292)	(887,449)
Proceeds from sale of property and equipment	0	467
Purchase of property and equipment	(1,196)	(7,056)
Net cash used for acquisitions	(47,390)	0
Net cash provided by (used in) investing activities	147,614	(535,493)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in deposits, net	678,016	393,916
Proceeds from Federal Home Loan Bank advances	5,798,300	9,077,500
Repayment of Federal Home Loan Bank advances	(6,725,300)	(9,240,000)
Proceeds from federal funds purchased and securities sold under agreements to repurchase	7,750,703	1,733,700
Repayment of federal funds purchased and securities sold under agreements to repurchase	(7,769,703)	(1,678,700)
Proceeds from line of credit draws	20,000	30,000
Repayment of line of credit draws	(20,000)	(30,000)
Repayment of lease principal	(1,375)
Proceeds from Federal Home Loan Bank stock repurchase	138,099	151,771
Purchase of Federal Home Loan Bank stock	(101,366)	(145,864)
Stock repurchased	(81,061)	0
Proceeds from stock issuance, net	0	69
Net cash (used in) provided by financing activities	(313,687)	292,392
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	16,202	(14,302)
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	74,788	59,607
Less: restricted cash included in other assets	0	(601)
CASH AND CASH EQUIVALENTS AT END OF PERIOD	74,788	59,006
Cash paid during the period for:
Interest paid	70,738	47,007
Federal and state income taxes paid, net	17,600	193
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	617,778	423,504
Loans transferred from held for sale to held for investment	6,488	57,061
Ginnie Mae loans (derecognized) recognized with the right to repurchase, net	(26,418)	415
Receivable from sale of mortgage servicing rights	6,945	3,414
Acquisition:
Assets acquired	114,725	0
Liabilities assumed	74,941	0
Goodwill	$ 7,606	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 12, 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 pursuant to which the Company could purchase up to $75 million of its issued and outstanding common stock, no par value, at prevailing market rates at the time of such purchase. 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, 2019. 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 the March 28, 2019 share repurchase program on July 25, 2019. There were repurchases of 2,656,001 shares of our common stock in the nine months ended September 30, 2019 . On September 26, 2019, the Board authorized a new share repurchase program pursuant to which the Company could purchase up to $25.0 million of its issued and outstanding common stock, no par value, at prevailing market rates at the time of such purchase. 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 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 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. Our allowance for credit losses includes both the allowance for loan losses and a separate allowance for losses related to unfunded loan commitments. 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. The Company has substantially completed the development of the credit loss models for all loan portfolios and is in the process of testing these models and validating data inputs, while continuing to develop the policies, systems and controls that will be required to implement CECL. Based on forecasted economic conditions and portfolio composition at September 30, 2019, the adoption of the CECL standard is estimated to result in an overall allowance for credit losses increase of 0% to 10% , as compared to our current aggregate reserve levels. The estimated increase is driven by the fact that the allowance will cover expected credit losses over the full expected life of the loan portfolios and will also consider forecasts of expected future economic conditions. The extent of the impact of the adoption of CECL on the Company’s consolidated financial statements may vary and will depend on, completion of the Company’s models, policies and management judgment's, and the composition of the loan portfolios on the date of adoption. At adoption, we will have a cumulative-effect adjustment to retained earnings for our change in the allowance for credit losses.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 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 $941 thousand pre-tax loss from discontinued operations during the nine months ended September 30, 2019. The Company transferred the servicing for some of these loans in the second quarter of 2019 and transferred the remainder in the third quarter of 2019 and subserviced these loans through the transfer dates. 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 were 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 of 2019 and none remain as of September 30, 2019. Certain components of the Company's former 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 gain (loss) on disposal of discontinued operations. (in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Proceeds from asset sales $ — $ 186,612 Book value of asset sales (4 ) 180,978 Gain on assets sold 4 5,634 Transaction cost (recovery) expenses (386 ) 8,791 Compensation expense related to the transactions 596 4,388 Facility and IT related cost (recovery) expenses (1,466 ) 14,215 Total cost (recovery) expenses (1,256 ) 27,394 Net gain (loss) on disposal $ 1,260 $ (21,760 ) The carrying amount of major classes of assets and liabilities related to discontinued operations consisted of the following. (in thousands) September 30, 2019 December 31, 2018 ASSETS Loans held for sale, at fair value $ 71,213 $ 269,683 Mortgage serving rights — 177,121 Premises and equipment, net — 6,689 Other assets (1) 11,698 23,541 Assets of discontinued operations $ 82,911 $ 477,034 LIABILITIES Deposits $ — $ 162,850 Accrued expenses and other liabilities 5,075 4,271 Liabilities of discontinued operations $ 5,075 $ 167,121 (1) Includes $1.2 million and $15.5 million of derivative balances at September 30, 2019 and December 31, 2018 , respectively. Statements of Operations of Discontinued Operations Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Net interest income $ 842 $ 3,784 $ 5,604 $ 10,054 Noninterest income 1,604 47,458 64,332 162,177 Noninterest expense 2,256 46,681 94,864 158,580 Income (loss) before income taxes 190 4,561 (24,928 ) 13,651 Income tax expense (benefit) 28 815 (3,837 ) 2,865 Income (loss) from discontinued operations $ 162 $ 3,746 $ (21,091 ) $ 10,786 Cash Flows for Discontinued Operations Nine Months Ended September 30, (in thousands) 2019 2018 Net cash provided by operating activities $ 196,712 $ 179,273 Net cash provided by investing activities 177,291 214,488

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES: The following table sets forth certain information regarding the amortized cost basis and fair values of our investment securities available for sale and held to maturity. At September 30, 2019 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 111,221 $ 149 $ (1,789 ) $ 109,581 Commercial 29,219 624 (7 ) 29,836 Collateralized mortgage obligations: Residential 187,651 1,269 (931 ) 187,989 Commercial 109,116 1,072 (645 ) 109,543 Municipal bonds 369,988 11,078 (972 ) 380,094 Corporate debt securities 18,507 311 (50 ) 18,768 U.S. Treasury securities 1,296 12 — 1,308 Agency debentures 25,221 — (1 ) 25,220 $ 852,219 $ 14,515 $ (4,395 ) $ 862,339 HELD TO MATURITY (1) Municipal bonds $ 4,397 $ 116 $ — $ 4,513 $ 4,397 $ 116 $ — $ 4,513 (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 September 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 September 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 September 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 $ (338 ) $ 18,888 $ (1,451 ) $ 80,120 $ (1,789 ) $ 99,008 Commercial (2 ) 2,929 (5 ) 2,509 (7 ) 5,438 Collateralized mortgage obligations: Residential (277 ) 44,854 (654 ) 31,432 (931 ) 76,286 Commercial (195 ) 22,845 (450 ) 42,873 (645 ) 65,718 Municipal bonds (192 ) 26,805 (780 ) 54,189 (972 ) 80,994 Corporate debt securities — — (50 ) 1,744 (50 ) 1,744 U.S. Treasury securities — — — — — — Agency debentures (1 ) 25,221 — — (1 ) 25,221 $ (1,005 ) $ 141,542 $ (3,390 ) $ 212,867 $ (4,395 ) $ 354,409 There were no held to maturity securities in an unrealized loss position at September 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 September 30, 2019 and December 31, 2018 . In addition, as of September 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 September 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 1.33 % $ 5,654 1.67 % $ 103,923 2.13 % $ 109,581 2.11 % Commercial — — 7,603 2.74 12,125 2.76 10,108 2.42 29,836 2.64 Collateralized mortgage obligations: Residential — — — — — — 187,989 2.45 187,989 2.45 Commercial — — 7,607 2.34 28,058 2.79 73,878 2.47 109,543 2.54 Municipal bonds — — — — 14,081 3.01 366,013 3.69 380,094 3.67 Corporate debt securities 1,016 3.41 7,584 3.63 10,078 3.70 90 6.13 18,768 3.67 U.S. Treasury securities 1,308 2.83 — — — — — — 1,308 2.83 Agency debentures — — 25,220 1.90 — — — — 25,220 1.90 Total available for sale $ 2,324 3.08 % $ 48,018 2.37 % $ 69,996 2.87 % $ 742,001 3.01 % $ 862,339 2.96 % HELD TO MATURITY Mortgage-backed securities: Municipal bonds $ — — % $ 1,794 2.90 % $ 2,719 2.08 % $ — — % $ 4,513 2.40 % Total held to maturity $ — — % $ 1,794 2.90 % $ 2,719 2.08 % $ — — % $ 4,513 2.40 % 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Proceeds $ 25,190 $ 16,233 $ 144,602 $ 38,465 Gross gains 58 39 589 300 Gross losses (76 ) (43 ) (717 ) (66 ) 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 September 30, At December 31, Federal Home Loan Bank to secure borrowings $ — $ 63,179 Washington and California State to secure public deposits 150,828 126,565 Securities pledged to secure derivatives in a liability position — 5,077 Other securities pledged 4,516 5,147 Total securities pledged as collateral $ 155,344 $ 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 September 30, 2019 and December 31, 2018 . Tax-exempt interest income on securities totaling $2.5 million and $2.0 million for the three months ended September 30, 2019 and 2018 , respectively, and $7.8 million and $6.2 million for the nine months ended September 30, 2019 and 2018 , respectively, was recorded in the Company's consolidated statements of operations.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	9 Months Ended
	Sep. 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 September 30, At December 31, Consumer loans Single family (1) $ 1,188,159 $ 1,358,175 Home equity and other 567,791 570,923 Total consumer loans 1,755,950 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 794,863 701,928 Multifamily 920,279 908,015 Construction/land development 762,332 794,544 Total commercial real estate loans 2,477,474 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 476,650 429,158 Commercial business 446,739 331,004 Total commercial and industrial loans 923,389 760,162 Loans held for investment before deferred fees, costs and allowance 5,156,813 5,093,747 Net deferred loan fees and costs 25,732 23,094 5,182,545 5,116,841 Allowance for loan losses (43,437 ) (41,470 ) Total loans held for investment $ 5,139,108 $ 5,075,371 (1) Includes $5.3 million and $4.1 million at September 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 $2.12 billion and $2.16 billion at September 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 $505.0 million and $502.7 million at September 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 September 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 11.5% and 10.6% 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 September 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 $1.2 million at September 30, 2019 , compared to $1.4 million at September 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Allowance for credit losses (roll-forward): Beginning balance $ 44,628 $ 40,982 $ 42,913 $ 39,116 Provision for credit losses — 750 1,500 2,500 Recoveries, net of (charge-offs) 6 122 221 238 Ending balance $ 44,634 $ 41,854 $ 44,634 $ 41,854 Activity in the allowance for credit losses by loan portfolio and loan class was as follows. Three Months Ended September 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 7,540 $ — $ 1 $ (321 ) $ 7,220 Home equity and other 7,563 (68 ) 59 (69 ) 7,485 Total consumer loans 15,103 (68 ) 60 (390 ) 14,705 Commercial real estate loans Non-owner occupied commercial real estate 6,151 — — 330 6,481 Multifamily 7,047 — — (357 ) 6,690 Construction/land development 9,707 — 1 99 9,807 Total commercial real estate loans 22,905 — 1 72 22,978 Commercial and industrial loans Owner occupied commercial real estate 3,462 — — 139 3,601 Commercial business 3,158 — 13 179 3,350 Total commercial and industrial loans 6,620 — 13 318 6,951 Total allowance for credit losses $ 44,628 $ (68 ) $ 74 $ — $ 44,634 Three Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,594 $ (43 ) $ 2 $ (46 ) $ 8,507 Home equity and other 7,346 (107 ) 102 205 7,546 Total consumer loans 15,940 (150 ) 104 159 16,053 Commercial real estate loans Non-owner occupied commercial real estate 4,764 — — 249 5,013 Multifamily 5,017 — — 608 5,625 Construction/land development 9,205 — 170 (94 ) 9,281 Total commercial real estate loans 18,986 — 170 763 19,919 Commercial and industrial loans Owner occupied commercial real estate 3,032 — — 111 3,143 Commercial business 3,024 (10 ) 8 (283 ) 2,739 Total commercial and industrial loans 6,056 (10 ) 8 (172 ) 5,882 Total allowance for credit losses $ 40,982 $ (160 ) $ 282 $ 750 $ 41,854 Nine Months Ended September 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,217 $ — $ 143 $ (1,140 ) $ 7,220 Home equity and other 7,712 (209 ) 212 (230 ) 7,485 15,929 (209 ) 355 (1,370 ) 14,705 Commercial real estate loans Non-owner occupied commercial real estate 5,496 — — 985 6,481 Multifamily 5,754 — — 936 6,690 Construction/land development 9,539 — 48 220 9,807 Total commercial real estate loans 20,789 — 48 2,141 22,978 Commercial and industrial loans Owner occupied commercial real estate 3,282 — — 319 3,601 Commercial business 2,913 — 27 410 3,350 Total commercial and industrial loans 6,195 — 27 729 6,951 Total allowance for credit losses $ 42,913 $ (209 ) $ 430 $ 1,500 $ 44,634 Nine Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 9,412 $ (43 ) $ 284 $ (1,146 ) $ 8,507 Home equity and other 7,081 (349 ) 325 489 7,546 16,493 (392 ) 609 (657 ) 16,053 Commercial real estate loans Non-owner occupied commercial real estate 4,755 — — 258 5,013 Multifamily 3,895 — — 1,730 5,625 Construction/land development 8,677 — 513 91 9,281 Total commercial real estate loans 17,327 — 513 2,079 19,919 Commercial and industrial loans Owner occupied commercial real estate 2,960 — — 183 3,143 Commercial business 2,336 (663 ) 171 895 2,739 5,296 (663 ) 171 1,078 5,882 Total allowance for credit losses $ 39,116 $ (1,055 ) $ 1,293 $ 2,500 $ 41,854 The following tables disaggregate our allowance for credit losses and recorded investment in loans by impairment methodology. At September 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 $ 7,136 $ 84 $ 7,220 $ 1,117,056 $ 65,821 $ 1,182,877 Home equity and other 7,448 37 7,485 566,739 1,039 567,778 Total consumer loans 14,584 121 14,705 1,683,795 66,860 1,750,655 Commercial real estate loans Non-owner occupied commercial real estate 6,481 — 6,481 794,863 — 794,863 Multifamily 6,690 — 6,690 920,279 — 920,279 Construction/land development 9,807 — 9,807 760,977 1,355 762,332 Total commercial real estate loans 22,978 — 22,978 2,476,119 1,355 2,477,474 Commercial and industrial loans Owner occupied commercial real estate 3,601 — 3,601 474,349 2,301 476,650 Commercial business 3,342 8 3,350 444,374 2,365 446,739 Total commercial and industrial loans 6,943 8 6,951 918,723 4,666 923,389 Total loans evaluated for impairment 44,505 129 44,634 5,078,637 72,881 5,151,518 Loans held for investment carried at fair value — — — — — 5,295 (1) Total loans held for investment $ 44,505 $ 129 $ 44,634 $ 5,078,637 $ 72,881 $ 5,156,813 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 September 30, 2019 (in thousands) Recorded investment (1) Unpaid principal balance (2) Related allowance With no related allowance recorded: Consumer loans Single family (3) $ 64,316 $ 64,754 $ — Home equity and other 559 585 — Total consumer loans 64,875 65,339 — Commercial real estate loans Construction/land development 1,355 1,355 — Total commercial real estate loans 1,355 1,355 — Commercial and industrial loans Owner occupied commercial real estate 2,301 2,369 — Commercial business 1,848 2,500 — Total commercial and industrial loans 4,149 4,869 — $ 70,379 $ 71,563 $ — With an allowance recorded: Consumer loans Single family $ 1,505 $ 1,505 $ 84 Home equity and other 480 480 37 Total consumer loans 1,985 1,985 121 Commercial and industrial loans Commercial business 517 548 8 Total commercial and industrial loans 517 548 8 $ 2,502 $ 2,533 $ 129 Total: Consumer loans Single family (3) $ 65,821 $ 66,259 $ 84 Home equity and other 1,039 1,065 37 Total consumer loans 66,860 67,324 121 Commercial real estate loans Construction/land development 1,355 1,355 — Total commercial real estate loans 1,355 1,355 — Commercial and industrial loans Owner occupied commercial real estate 2,301 2,369 — Commercial business 2,365 3,048 8 Total commercial and industrial loans 4,666 5,417 8 Total impaired loans $ 72,881 $ 74,096 $ 129 (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 $63.8 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 September 30, 2019 Three Months Ended September 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 67,814 $ 662 $ 66,754 $ 653 Home equity and other 1,044 14 1,256 20 Total consumer loans 68,858 676 68,010 673 Commercial real estate loans Multifamily 242 — 640 6 Construction/land development 677 — 677 6 Total commercial real estate loans 919 — 1,317 12 Commercial and industrial loans Owner occupied commercial real estate 1,744 — 1,250 19 Commercial business 1,842 9 1,895 28 Total commercial and industrial loans 3,586 9 3,145 47 $ 73,363 $ 685 $ 72,472 $ 732 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 68,181 $ 2,088 $ 69,384 $ 1,963 Home equity and other 1,112 46 1,267 58 Total consumer loans 69,293 2,134 70,651 2,021 Commercial real estate loans Non-owner occupied commercial real estate 3 — — — Multifamily 366 14 722 18 Construction/land development 1,689 — 600 17 Total commercial real estate loans 2,058 14 1,322 35 Commercial and industrial loans Owner occupied commercial real estate 2,936 112 2,085 74 Commercial business 1,889 29 2,420 94 Total commercial and industrial loans 4,825 141 4,505 168 $ 76,176 $ 2,289 $ 76,478 $ 2,224 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 September 30, 2019 (in thousands) Pass Watch Special mention Substandard Total Consumer loans Single family $ 1,172,275 (1) $ 2,417 $ 7,992 $ 5,475 $ 1,188,159 Home equity and other 565,632 360 812 987 567,791 Total consumer loans 1,737,907 2,777 8,804 6,462 1,755,950 Commercial real estate loans Non-owner occupied commercial real estate 791,964 2,899 — — 794,863 Multifamily 915,452 4,827 — — 920,279 Construction/land development 727,673 14,208 19,096 1,355 762,332 Total commercial real estate loans 2,435,089 21,934 19,096 1,355 2,477,474 Commercial and industrial loans Owner occupied commercial real estate 435,811 22,647 12,685 5,507 476,650 Commercial business 390,367 33,178 19,601 3,593 446,739 Total commercial and industrial loans 826,178 55,825 32,286 9,100 923,389 $ 4,999,174 $ 80,536 $ 60,186 $ 16,917 $ 5,156,813 (1) Includes $5.3 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 September 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 September 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 $ 6,447 $ 2,972 $ 27,065 $ 36,484 $ 1,151,675 (1) $ 1,188,159 $ 21,590 (2) Home equity and other 147 360 987 1,494 566,297 567,791 — Total consumer loans 6,594 3,332 28,052 37,978 1,717,972 1,755,950 21,590 Commercial real estate loans Non-owner occupied commercial real estate — — — — 794,863 794,863 — Mult

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2019
Banking and Thrift [Abstract]
DEPOSITS	DEPOSITS: Deposit balances, including stated rates, were as follows. (in thousands) At September 30, At December 31, Noninterest-bearing accounts (1) $ 952,380 $ 914,154 NOW accounts, 0.00% to 1.44% at September 30, 2019 and December 31, 2018 421,750 376,137 Statement savings accounts, due on demand, 0.05% to 1.13% at September 30, 2019 and December 31, 2018 220,401 245,795 Money market accounts, due on demand, 0.00% to 3.43% at September 30, 2019 and 0.00% to 2.40% at December 31, 2018 2,073,907 1,935,516 Certificates of deposit, 0.10% to 3.06% at September 30, 2019 and 0.10% to 3.80% at December 31, 2018 2,135,869 1,579,806 $ 5,804,307 $ 5,051,408 (1) Includes zero and $162.8 million in servicing deposits related to discontinued operations at September 30, 2019 and December 31, 2018 , respectively. These deposits were transferred to the MSR buyers concurrent with the transfer of the loan servicing. Interest expense on deposits was as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 NOW accounts $ 371 $ 416 $ 1,140 $ 1,286 Statement savings accounts 121 197 407 643 Money market accounts 7,129 4,481 19,822 12,003 Certificates of deposit 12,972 6,192 30,476 14,704 $ 20,593 $ 11,286 $ 51,845 $ 28,636 (1) Includes $91 thousand in interest expense on deposits related to discontinued operations for the three and nine months ended September 30, 2019 . The weighted-average interest rates on certificates of deposit were 2.27% and 1.87% at September 30, 2019 and December 31, 2018 , respectively. Certificates of deposit outstanding mature as follows. (in thousands) At September 30, Within one year $ 1,737,262 One to two years 309,166 Two to three years 57,857 Three to four years 16,065 Four to five years 15,485 Thereafter 34 $ 2,135,869 The aggregate amount of time deposits in denominations of more than $250 thousand at September 30, 2019 and December 31, 2018 were $231.2 million and $85.3 million , respectively. There were $739.0 million and $786.1 million of brokered deposits at September 30, 2019 and December 31, 2018 , respectively.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 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 September 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 September 30, 2019 and December 31, 2018 , the Company did not hold any collateral received from counterparties under derivative transactions. In addition, the Company periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rates. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate. The Company then enters into a corresponding swap agreement with a third-party in order to offset its exposure on the variable and fixed components of the customer loan agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under the Derivatives and Hedging topic of the FASB ASC, the instruments are marked to market in earnings. The notional amount of open interest rate swap agreements at September 30, 2019 and December 31, 2018 were $77.8 million and $2.6 million , respectively. During the three and nine months ended September 30, 2019 , there were $115 thousand and $149 thousand , respectively, mark-to-market loss recorded to “Other” noninterest income in our consolidated statements of operations. The Company had no similar activity in the three and nine months ended September 30, 2018 . 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 September 30, 2019 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 1,509,784 $ 3,026 $ (2,180 ) Interest rate lock and purchase loan commitments 287,806 4,239 (203 ) Interest rate swaps 633,387 36,563 (14,568 ) Eurodollar futures 1,661,000 24 — Total derivatives before netting $ 4,091,977 43,852 (16,951 ) Netting adjustment/Cash collateral (1) (14,981 ) 16,532 Carrying value on consolidated statements of financial condition (2) $ 28,871 $ (419 ) 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 $1.6 million and $4.2 million at September 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 September 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 $ 43,852 $ (14,981 ) $ 28,871 $ — $ 28,871 Derivative liabilities (16,951 ) 16,532 (419 ) — (419 ) 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 $1.6 million and $4.2 million at September 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Recognized in noninterest income: (1) Net (loss) gain on loan origination and sale activities (2) $ (6,884 ) $ (4,760 ) $ (17,983 ) $ 12,322 Loan servicing income (loss) (3) 9,040 (9,446 ) 19,917 (52,611 ) Other (4) 115 — 149 — $ 2,271 $ (14,206 ) $ 2,083 $ (40,289 ) (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	9 Months Ended
	Sep. 30, 2019
Mortgage Banking [Abstract]
MORTGAGE BANKING OPERATIONS	MORTGAGE BANKING OPERATIONS: Loans held for sale consisted of the following. (in thousands) At September 30, At December 31, Commercial $ 85,240 $ 25,139 Single family (1) 158,931 321,868 Total loans held for sale $ 244,171 $ 347,007 (1) Includes loans from discontinued operations of $71.2 million and $269.7 million at September 30, 2019 and December 31, 2018 , respectively. Loans sold proceeds consisted of the following. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Commercial $ 270,484 $ 157,868 $ 586,217 $ 367,429 Single family (1) 893,959 1,724,697 3,352,872 5,043,769 Total loans sold (2) $ 1,164,443 $ 1,882,565 $ 3,939,089 $ 5,411,198 (1) Includes both continuing and discontinued operations. (2) Includes 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Commercial $ 6,693 $ 4,236 $ 12,179 $ 8,481 Single family (1) 9,628 40,335 78,612 141,458 Gain on loan origination and sale activities (2) $ 16,321 $ 44,571 $ 90,791 $ 149,939 (1) Includes $370 thousand and $40.4 million from discontinued operations for three months ended September 30, 2019 and 2018 , respectively, and $60.1 million and $142.0 million for the nine months ended September 30, 2019 and 2018 , respectively. (2) Includes loans originated as held for investment. 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 September 30, At December 31, Commercial $ 1,576,714 $ 1,542,477 Single family (1) 7,014,265 20,151,735 Total loans serviced for others $ 8,590,979 $ 21,694,212 (1) Includes both continuing and discontinued operations at December 31, 2018. 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 3,237 $ 2,504 $ 3,120 $ 3,015 Additions, net of adjustments (1) (22 ) 643 482 1,248 Realized losses (2) (28 ) (273 ) (415 ) (1,389 ) Balance, end of period $ 3,187 $ 2,874 $ 3,187 $ 2,874 (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 $3.0 million and $2.5 million were recorded in other assets as of September 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 September 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 $11.2 million and $37.7 million , respectively, with a corresponding offsetting 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Servicing income, net: Servicing fees and other $ 7,454 $ 15,046 $ 30,877 $ 51,882 Changes in fair value of single family MSRs due to modeled amortization (1) (4,489 ) (8,300 ) (16,894 ) (26,570 ) Amortization of multifamily and SBA MSRs (1,315 ) (1,034 ) (3,793 ) (3,147 ) 1,650 5,712 10,190 22,165 Risk management, single family MSRs: Changes in fair value of MSRs due to changes in market inputs and/or model updates (2)(3) (7,501 ) 11,562 (22,193 ) 52,880 Net gain (loss) from derivatives economically hedging MSR 9,040 (9,446 ) 19,917 (52,611 ) 1,539 2,116 (2,276 ) 269 Loan servicing income (4) $ 3,189 $ 7,828 $ 7,914 $ 22,434 (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 income of $333 thousand and pre-tax loss of $941 thousand , net of transaction costs, brokerage fees and prepayment reserves, resulting from the sales of single family MSRs during the three and nine months ended September 30, 2019 , respectively, and pre-tax income of $573 thousand for the nine months ended September 30, 2018 . (4) Includes $ 502 thousand and $6.9 million from discontinued operations for three months ended September 30, 2019 and 2018 and $2.0 million and $19.6 million for the nine 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 September 30, Nine Months Ended September 30, (rates per annum) (1) 2019 2018 2019 2018 Constant prepayment rate ("CPR") (2) 18.86 % 17.19 % 18.82 % 15.54 % Discount rate (3) 8.96 % 10.29 % 9.39 % 10.27 % (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 September 30, 2019 Fair value of single family MSR $ 61,823 Expected weighted-average life (in years) 4.05 Constant prepayment rate (1) 20.50 % Impact on fair value of 25 basis points adverse change in interest rates $ (4,234 ) Impact on fair value of 50 basis points adverse change in interest rates $ (7,956 ) Discount rate 9.00 % Impact on fair value of 100 basis points increase $ (1,718 ) Impact on fair value of 200 basis points increase $ (3,331 ) (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 $941 thousand pre-tax loss from discontinued operations for the nine months ended September 30, 2019. The Company completed the servicing transfer for a portion of these loans in the second quarter and then finalized the transfer of the remainder in the third quarter of 2019. The changes in single family MSRs measured at fair value are as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 67,723 $ 245,744 $ 252,168 $ 258,560 Additions and amortization: Originations 6,422 14,525 23,893 45,551 Sale of single family MSRs — (12 ) (176,944 ) (66,902 ) Changes due to modeled amortization (1) (4,489 ) (8,300 ) (16,894 ) (26,570 ) Net additions and amortization 1,933 6,213 (169,945 ) (47,921 ) Changes in fair value of MSRs due to changes in market inputs and/or model updates (2) (7,833 ) 11,665 (20,400 ) 52,983 Ending balance $ 61,823 $ 263,622 $ 61,823 $ 263,622 (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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 27,227 $ 26,460 $ 28,326 $ 26,093 Origination 2,770 2,657 3,931 5,000 Amortization (1,196 ) (981 ) (3,456 ) (2,957 ) Ending balance $ 28,801 $ 28,136 $ 28,801 $ 28,136 At September 30, 2019 , the expected weighted-average remaining life of the Company's multifamily MSRs was 10.59 years . Projected amortization expense for the gross carrying value of multifamily MSRs is estimated as follows. (in thousands) At September 30, 2019 Remainder of 2019 $ 1,028 2020 4,068 2021 3,953 2022 3,734 2023 3,516 2024 3,241 2025 and thereafter 9,261 Carrying value of multifamily MSR $ 28,801

COMMITMENTS, GUARANTEES, AND CO

COMMITMENTS, GUARANTEES, AND CONTINGENCIES	9 Months Ended
	Sep. 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 September 30, 2019 and December 31, 2018 was $36.7 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 $400.7 million and $607.2 million at September 30, 2019 and December 31, 2018 , respectively. Unused home equity and commercial banking funding lines totaled $750.4 million and $662.1 million at September 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 $1.2 million and $1.4 million at September 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 September 30, 2019 and December 31, 2018 , the total unpaid principal balance of loans sold under this program was $1.50 billion and $1.46 billion , respectively. The Company's reserve liability related to this arrangement totaled $2.6 million and $2.5 million at September 30, 2019 and December 31, 2018 , respectively. There were no actual losses incurred under this arrangement during the three and nine months ended September 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 another 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 $7.09 billion and $20.24 billion as of September 30, 2019 and December 31, 2018 , respectively. At September 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 September 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 September 30, 2019 .

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 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 September 30, 2019 Level 1 Level 2 Level 3 Assets: Investment securities available for sale Mortgage backed securities: Residential $ 109,581 $ — $ 107,647 $ 1,934 Commercial 29,836 — 29,836 — Collateralized mortgage obligations: Residential 187,989 — 187,989 — Commercial 109,543 — 109,543 — Municipal bonds 380,094 — 380,094 — Corporate debt securities 18,768 — 18,678 90 U.S. Treasury securities 1,308 — 1,308 — Agency debentures 25,220 — 25,220 — Single family loans held for sale (1) 158,931 — 152,854 6,077 Single family loans held for investment 5,295 — — 5,295 Single family mortgage servicing rights 61,823 — — 61,823 Derivatives (1) Eurodollar futures 24 24 — — Forward sale commitments 3,026 — 3,026 — Interest rate lock and purchase loan commitments 4,239 — — 4,239 Interest rate swaps 36,563 — 36,563 — Total assets $ 1,132,240 $ 24 $ 1,052,758 $ 79,458 Liabilities: Derivatives Forward sale commitments $ 2,180 $ — 2,180 $ — Interest rate lock and purchase loan commitments 203 — — 203 Interest rate swaps 14,568 — 14,568 — Total liabilities $ 16,951 $ — $ 16,748 $ 203 (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 loans held for sale (1) 321,868 — 319,177 2,691 Single family loans held for investment 4,057 — — 4,057 Single family mortgage servicing rights 252,168 — — 252,168 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 (1) Includes both continuing and discontinued operations. There were no transfers between levels of the fair value hierarchy during the three and nine months ended September 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 nine months ended September 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 $5.3 million and $4.1 million at September 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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Investment securities available for sale (1) $ 2,024 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 a similar balance at December 31, 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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for investment, fair value option $ 5,295 Income approach Implied spread to benchmark interest rate curve 4.34% 7.01% 5.30% (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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for sale, fair value option $ 6,077 Income approach Implied spread to benchmark interest rate curve 5.71% 6.71% 6.07% Market price movement from comparable bond (0.10)% (0.08)% (0.09)% (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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Interest rate lock and purchase loan commitments, net $ 4,036 Income approach Fall-out factor —% 63.68% 12.62% Value of servicing 0.51% 1.62% 1.12% (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 September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale $ 1,981 $ — $ — $ (40 ) $ 83 $ 2,024 Nine Months Ended September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale $ — $ — $ 2,379 $ (120 ) $ (235 ) $ 2,024 The following tables present fair value changes and activity for Level 3 loans held for sale and loans held for investment. Three Months Ended September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 4,427 $ 2,393 $ — $ (686 ) $ (57 ) $ 6,077 Loans held for investment 4,475 789 — — 31 5,295 Three Months Ended September 30, 2018 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 1,823 $ — $ — $ — $ (30 ) $ 1,793 Loans held for investment 4,178 — — (2 ) (86 ) 4,090 Nine Months Ended September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 2,691 $ 5,060 $ — $ (1,595 ) $ (79 ) $ 6,077 Loans held for investment 4,057 1,788 — (606 ) 56 5,295 Nine Months Ended September 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 $ — $ (1,998 ) $ (146 ) $ 1,793 Loans held for investment 5,477 — — (1,116 ) (271 ) 4,090 The following table presents fair value changes and activity for Level 3 interest rate lock and purchase loan commitments. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance, net $ 8,624 $ 16,866 $ 10,284 $ 12,925 Total realized/unrealized gains 1,243 26,527 34,655 77,607 Settlements (5,831 ) (32,996 ) (40,903 ) (80,135 ) Ending balance, net $ 4,036 $ 10,397 $ 4,036 $ 10,397 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 nine months ended September 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 nine months ended September 30, 2019 and 2018 and assets held at the end of the respective reporting period. At or for the Three Months Ended September 30, 2019 (in thousands) Fair Value of Assets Held at September 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 266 $ — $ — $ 266 $ (2 ) Total $ 266 $ — $ — $ 266 $ (2 ) At or for the Three Months Ended September 30, 2018 (in thousands) Fair Value of Assets Held at September 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,213 $ — $ — 1,213 $ (68 ) Total $ 1,213 $ — $ — $ 1,213 $ (68 ) At or for the Nine Months Ended September 30, 2019 (in thousands) Fair Value of Assets Held at September 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 266 $ — $ — $ 266 $ (2 ) Total $ 266 $ — $ — $ 266 $ (2 ) At or for the Nine Months Ended September 30, 2018 (in thousands) Fair Value of Assets Held at September 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,213 $ — $ — $ 1,213 $ (212 ) Total $ 1,213 $ — $ — $ 1,213 $ (212 ) (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 September 30, 2019 (in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 74,788 $ 74,788 $ 74,788 $ — $ — Investment securities held to maturity 4,397 4,513 — 4,513 — Loans held for investment 5,133,813 5,285,639 — — 5,285,639 Loans held for sale – multifamily and other 85,240 85,240 — 85,240 — Mortgage servicing rights – multifamily 28,801 31,903 — — 31,903 Federal Home Loan Bank stock 8,764 8,764 — 8,764 — Liabilities: Time deposits $ 2,135,869 $ 2,146,696 $ — $ 2,146,696 $ — Federal Home Loan Bank advances 5,590 7,013 — 7,013 — Long-term debt 125,603 115,447 — 115,447 — 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 28,326 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2019 2018 2019 2018 EPS numerator: Income from continuing operations $ 13,665 $ 8,089 $ 27,615 $ 14,014 Undistributed stock dividends share repurchase (223 ) — (505 ) — Allocated undistributed earnings in share repurchase (101 ) — (128 ) — Income from continuing operations available to common shareholders 13,341 8,089 26,982 14,014 Income (loss) from discontinued operations 162 3,746 (21,091 ) 10,786 Net income available to common shareholders $ 13,503 $ 11,835 $ 5,891 $ 24,800 EPS denominator: Weighted average shares: Basic weighted-average number of common shares outstanding 24,419,793 26,985,425 26,020,172 26,963,260 Dilutive effect of outstanding common stock equivalents (1) 206,145 196,263 184,242 202,412 Diluted weighted-average number of common stock outstanding 24,625,938 27,181,688 26,204,414 27,165,672 Basic earnings per share: Income from continuing operations $ 0.55 $ 0.30 $ 1.04 $ 0.52 Income (loss) from discontinued operations 0.01 0.14 (0.81 ) 0.40 Basic earnings per share $ 0.55 $ 0.44 $ 0.23 $ 0.92 Diluted earnings per share: Income from continuing operations $ 0.54 $ 0.30 $ 1.03 $ 0.52 Income (loss) from discontinued operations 0.01 0.14 (0.80 ) 0.40 Diluted earnings per share $ 0.55 $ 0.44 $ 0.22 $ 0.91 (1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the three and nine months ended September 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 690 at September 30, 2019 and zero at September 30, 2018

LEASES

LEASES	9 Months Ended
	Sep. 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 $1.7 million during the remainder of 2019, $6.3 million in 2020, $5.3 million in 2021, $4.1 million in 2022, $2.5 million in 2023 and $1.9 million thereafter. In the three and nine months ended September 30, 2019 , we incurred $ 38 thousand and $ 3.9 million in impairment charges related to the closure of certain offices. The components of lease expense were as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2019 Operating lease cost $ 3,464 $ 11,180 Finance lease cost: Amortization of right-of-use assets 442 1,601 Interest on lease liabilities 81 262 Short-term lease 10 16 Variable lease cost 1,132 4,934 Sublease income (1,686 ) (2,515 ) Total lease cost $ 3,443 $ 15,478 Supplemental cash flow information related to leases was as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,184 $ 12,916 Operating cash flows from finance leases 81 262 Financing cash flows from finance leases 322 1,375 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,059 $ (5,306 ) Finance leases 446 (570 ) Supplemental balance sheet information related to leases was as follows. (in thousands, except lease term and discount rate) September 30, 2019 Operating lease right-of-use assets $ 92,840 Operating lease liabilities 110,727 Finance lease right-of-use assets $ 9,003 Finance lease liabilities 9,345 Weighted Average Remaining lease term in years Operating leases 11.89 Finance leases 14.63 Weighted Average Discount Rate Operating leases 3.48 % Finance leases 3.56 % Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the nine months ended September 30, 2019) $ 4,363 $ 497 2020 16,496 1,767 2021 15,346 1,465 2022 13,331 590 2023 10,994 474 2024 9,451 400 Thereafter 69,653 7,238 Total lease payments 139,634 12,431 Less imputed interest 28,907 3,086 Total $ 110,727 $ 9,345 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 $1.7 million during the remainder of 2019, $6.3 million in 2020, $5.3 million in 2021, $4.1 million in 2022, $2.5 million in 2023 and $1.9 million thereafter. In the three and nine months ended September 30, 2019 , we incurred $ 38 thousand and $ 3.9 million in impairment charges related to the closure of certain offices. The components of lease expense were as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2019 Operating lease cost $ 3,464 $ 11,180 Finance lease cost: Amortization of right-of-use assets 442 1,601 Interest on lease liabilities 81 262 Short-term lease 10 16 Variable lease cost 1,132 4,934 Sublease income (1,686 ) (2,515 ) Total lease cost $ 3,443 $ 15,478 Supplemental cash flow information related to leases was as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,184 $ 12,916 Operating cash flows from finance leases 81 262 Financing cash flows from finance leases 322 1,375 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,059 $ (5,306 ) Finance leases 446 (570 ) Supplemental balance sheet information related to leases was as follows. (in thousands, except lease term and discount rate) September 30, 2019 Operating lease right-of-use assets $ 92,840 Operating lease liabilities 110,727 Finance lease right-of-use assets $ 9,003 Finance lease liabilities 9,345 Weighted Average Remaining lease term in years Operating leases 11.89 Finance leases 14.63 Weighted Average Discount Rate Operating leases 3.48 % Finance leases 3.56 % Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the nine months ended September 30, 2019) $ 4,363 $ 497 2020 16,496 1,767 2021 15,346 1,465 2022 13,331 590 2023 10,994 474 2024 9,451 400 Thereafter 69,653 7,238 Total lease payments 139,634 12,431 Less imputed interest 28,907 3,086 Total $ 110,727 $ 9,345 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	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 2,707 $ (19,722 ) $ (15,439 ) $ (7,122 ) Cumulative effect of adoption of new accounting standards (1) — — (2,080 ) — Other comprehensive income (loss) before reclassifications 5,273 (4,399 ) 25,412 (16,811 ) Amounts reclassified from accumulated other comprehensive income (loss) 15 4 102 (184 ) Net current-period other comprehensive income (loss) 5,288 (4,395 ) 25,514 (16,995 ) Ending balance $ 7,995 $ (24,117 ) $ 7,995 $ (24,117 ) (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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 (Loss) Gain on sale of investment securities available for sale $ (19 ) $ (4 ) $ (129 ) $ 234 Income tax (benefit) expense (4 ) — (27 ) 50 Total, net of tax $ (15 ) $ (4 ) $ (102 ) $ 184

REVENUE

REVENUE	9 Months Ended
	Sep. 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 nine months ended September 30, 2019 and 2018, in scope revenue streams were approximately 2.3% and 2.3% 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	9 Months Ended
	Sep. 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 or 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 further restructuring in the legacy M ortgage Banking segment to further reduce operating costs and improve profitability. Restructuring charges primarily 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 applicable periods for discontinued operations. The following tables summarize the restructuring charges recognized during the three and nine months ended September 30, 2019 and 2018 and the Company's net remaining liability balance at September 30, 2019 and 2018 for both continuing and discontinued operations. 2019 2018 At and for the three months ended September 30 Facility-related costs Personnel-related costs Other costs Total Facility-related costs Personnel- related costs Other costs Total (in thousands) Beginning balance $ 1,423 $ 562 $ 22 $ 2,007 $ 4,209 $ 439 $ — $ 4,648 Restructuring charges 6 168 — 174 456 15 — 471 Costs paid or otherwise settled (173 ) (480 ) — (653 ) (1,409 ) (400 ) — (1,809 ) Ending balance $ 1,256 $ 250 $ 22 $ 1,528 $ 3,256 $ 54 $ — $ 3,310 2019 2018 At and for the nine months ended September 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 200 1,168 147 1,515 6,619 454 — 7,073 Costs paid or otherwise settled (548 ) (918 ) (125 ) (1,591 ) (4,749 ) (400 ) — (5,149 ) Ending balance $ 1,256 $ 250 $ 22 $ 1,528 $ 3,256 $ 54 $ — $ 3,310

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT: The Company has evaluated subsequent events through the time of filing this Quarterly Report on Form 10-Q and 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)	9 Months Ended
	Sep. 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 12, 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 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 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. Our allowance for credit losses includes both the allowance for loan losses and a separate allowance for losses related to unfunded loan commitments. 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. The Company has substantially completed the development of the credit loss models for all loan portfolios and is in the process of testing these models and validating data inputs, while continuing to develop the policies, systems and controls that will be required to implement CECL. Based on forecasted economic conditions and portfolio composition at September 30, 2019, the adoption of the CECL standard is estimated to result in an overall allowance for credit losses increase of 0% to 10% , as compared to our current aggregate reserve levels. The estimated increase is driven by the fact that the allowance will cover expected credit losses over the full expected life of the loan portfolios and will also consider forecasts of expected future economic conditions. The extent of the impact of the adoption of CECL on the Company’s consolidated financial statements may vary and will depend on, completion of the Company’s models, policies and management judgment's, and the composition of the loan portfolios on the date of adoption. At adoption, we will have a cumulative-effect adjustment to retained earnings for our change in the allowance for credit 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. Based on the credit quality of our existing debt securities portfolio, the Company does not expect the allowance for credit losses for HTM and AFS debt securities to be material.
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 September 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 September 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)	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table summarizes the calculation of the net gain (loss) on disposal of discontinued operations. (in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Proceeds from asset sales $ — $ 186,612 Book value of asset sales (4 ) 180,978 Gain on assets sold 4 5,634 Transaction cost (recovery) expenses (386 ) 8,791 Compensation expense related to the transactions 596 4,388 Facility and IT related cost (recovery) expenses (1,466 ) 14,215 Total cost (recovery) expenses (1,256 ) 27,394 Net gain (loss) on disposal $ 1,260 $ (21,760 ) The carrying amount of major classes of assets and liabilities related to discontinued operations consisted of the following. (in thousands) September 30, 2019 December 31, 2018 ASSETS Loans held for sale, at fair value $ 71,213 $ 269,683 Mortgage serving rights — 177,121 Premises and equipment, net — 6,689 Other assets (1) 11,698 23,541 Assets of discontinued operations $ 82,911 $ 477,034 LIABILITIES Deposits $ — $ 162,850 Accrued expenses and other liabilities 5,075 4,271 Liabilities of discontinued operations $ 5,075 $ 167,121 (1) Includes $1.2 million and $15.5 million of derivative balances at September 30, 2019 and December 31, 2018 , respectively. Statements of Operations of Discontinued Operations Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Net interest income $ 842 $ 3,784 $ 5,604 $ 10,054 Noninterest income 1,604 47,458 64,332 162,177 Noninterest expense 2,256 46,681 94,864 158,580 Income (loss) before income taxes 190 4,561 (24,928 ) 13,651 Income tax expense (benefit) 28 815 (3,837 ) 2,865 Income (loss) from discontinued operations $ 162 $ 3,746 $ (21,091 ) $ 10,786 Cash Flows for Discontinued Operations Nine Months Ended September 30, (in thousands) 2019 2018 Net cash provided by operating activities $ 196,712 $ 179,273 Net cash provided by investing activities 177,291 214,488

INVESTMENT SECURITIES - (Tables

INVESTMENT SECURITIES - (Tables)	9 Months Ended
	Sep. 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 basis and fair values of our investment securities available for sale and held to maturity. At September 30, 2019 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 111,221 $ 149 $ (1,789 ) $ 109,581 Commercial 29,219 624 (7 ) 29,836 Collateralized mortgage obligations: Residential 187,651 1,269 (931 ) 187,989 Commercial 109,116 1,072 (645 ) 109,543 Municipal bonds 369,988 11,078 (972 ) 380,094 Corporate debt securities 18,507 311 (50 ) 18,768 U.S. Treasury securities 1,296 12 — 1,308 Agency debentures 25,221 — (1 ) 25,220 $ 852,219 $ 14,515 $ (4,395 ) $ 862,339 HELD TO MATURITY (1) Municipal bonds $ 4,397 $ 116 $ — $ 4,513 $ 4,397 $ 116 $ — $ 4,513 (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 basis and fair values of our investment securities available for sale and held to maturity. At September 30, 2019 (in thousands) Amortized Gross Gross Fair AVAILABLE FOR SALE Mortgage-backed securities: Residential $ 111,221 $ 149 $ (1,789 ) $ 109,581 Commercial 29,219 624 (7 ) 29,836 Collateralized mortgage obligations: Residential 187,651 1,269 (931 ) 187,989 Commercial 109,116 1,072 (645 ) 109,543 Municipal bonds 369,988 11,078 (972 ) 380,094 Corporate debt securities 18,507 311 (50 ) 18,768 U.S. Treasury securities 1,296 12 — 1,308 Agency debentures 25,221 — (1 ) 25,220 $ 852,219 $ 14,515 $ (4,395 ) $ 862,339 HELD TO MATURITY (1) Municipal bonds $ 4,397 $ 116 $ — $ 4,513 $ 4,397 $ 116 $ — $ 4,513 (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 September 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 $ (338 ) $ 18,888 $ (1,451 ) $ 80,120 $ (1,789 ) $ 99,008 Commercial (2 ) 2,929 (5 ) 2,509 (7 ) 5,438 Collateralized mortgage obligations: Residential (277 ) 44,854 (654 ) 31,432 (931 ) 76,286 Commercial (195 ) 22,845 (450 ) 42,873 (645 ) 65,718 Municipal bonds (192 ) 26,805 (780 ) 54,189 (972 ) 80,994 Corporate debt securities — — (50 ) 1,744 (50 ) 1,744 U.S. Treasury securities — — — — — — Agency debentures (1 ) 25,221 — — (1 ) 25,221 $ (1,005 ) $ 141,542 $ (3,390 ) $ 212,867 $ (4,395 ) $ 354,409 There were no held to maturity securities in an unrealized loss position at September 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 September 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 1.33 % $ 5,654 1.67 % $ 103,923 2.13 % $ 109,581 2.11 % Commercial — — 7,603 2.74 12,125 2.76 10,108 2.42 29,836 2.64 Collateralized mortgage obligations: Residential — — — — — — 187,989 2.45 187,989 2.45 Commercial — — 7,607 2.34 28,058 2.79 73,878 2.47 109,543 2.54 Municipal bonds — — — — 14,081 3.01 366,013 3.69 380,094 3.67 Corporate debt securities 1,016 3.41 7,584 3.63 10,078 3.70 90 6.13 18,768 3.67 U.S. Treasury securities 1,308 2.83 — — — — — — 1,308 2.83 Agency debentures — — 25,220 1.90 — — — — 25,220 1.90 Total available for sale $ 2,324 3.08 % $ 48,018 2.37 % $ 69,996 2.87 % $ 742,001 3.01 % $ 862,339 2.96 % HELD TO MATURITY Mortgage-backed securities: Municipal bonds $ — — % $ 1,794 2.90 % $ 2,719 2.08 % $ — — % $ 4,513 2.40 % Total held to maturity $ — — % $ 1,794 2.90 % $ 2,719 2.08 % $ — — % $ 4,513 2.40 % 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Proceeds $ 25,190 $ 16,233 $ 144,602 $ 38,465 Gross gains 58 39 589 300 Gross losses (76 ) (43 ) (717 ) (66 )
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 September 30, At December 31, Federal Home Loan Bank to secure borrowings $ — $ 63,179 Washington and California State to secure public deposits 150,828 126,565 Securities pledged to secure derivatives in a liability position — 5,077 Other securities pledged 4,516 5,147 Total securities pledged as collateral $ 155,344 $ 199,968

LOANS AND CREDIT QUALITY - (Tab

LOANS AND CREDIT QUALITY - (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Loans held for investment	Loans held for investment consist of the following. (in thousands) At September 30, At December 31, Consumer loans Single family (1) $ 1,188,159 $ 1,358,175 Home equity and other 567,791 570,923 Total consumer loans 1,755,950 1,929,098 Commercial real estate loans Non-owner occupied commercial real estate 794,863 701,928 Multifamily 920,279 908,015 Construction/land development 762,332 794,544 Total commercial real estate loans 2,477,474 2,404,487 Commercial and industrial loans Owner occupied commercial real estate 476,650 429,158 Commercial business 446,739 331,004 Total commercial and industrial loans 923,389 760,162 Loans held for investment before deferred fees, costs and allowance 5,156,813 5,093,747 Net deferred loan fees and costs 25,732 23,094 5,182,545 5,116,841 Allowance for loan losses (43,437 ) (41,470 ) Total loans held for investment $ 5,139,108 $ 5,075,371 (1) Includes $5.3 million and $4.1 million at September 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Allowance for credit losses (roll-forward): Beginning balance $ 44,628 $ 40,982 $ 42,913 $ 39,116 Provision for credit losses — 750 1,500 2,500 Recoveries, net of (charge-offs) 6 122 221 238 Ending balance $ 44,634 $ 41,854 $ 44,634 $ 41,854
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 September 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 7,540 $ — $ 1 $ (321 ) $ 7,220 Home equity and other 7,563 (68 ) 59 (69 ) 7,485 Total consumer loans 15,103 (68 ) 60 (390 ) 14,705 Commercial real estate loans Non-owner occupied commercial real estate 6,151 — — 330 6,481 Multifamily 7,047 — — (357 ) 6,690 Construction/land development 9,707 — 1 99 9,807 Total commercial real estate loans 22,905 — 1 72 22,978 Commercial and industrial loans Owner occupied commercial real estate 3,462 — — 139 3,601 Commercial business 3,158 — 13 179 3,350 Total commercial and industrial loans 6,620 — 13 318 6,951 Total allowance for credit losses $ 44,628 $ (68 ) $ 74 $ — $ 44,634 Three Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,594 $ (43 ) $ 2 $ (46 ) $ 8,507 Home equity and other 7,346 (107 ) 102 205 7,546 Total consumer loans 15,940 (150 ) 104 159 16,053 Commercial real estate loans Non-owner occupied commercial real estate 4,764 — — 249 5,013 Multifamily 5,017 — — 608 5,625 Construction/land development 9,205 — 170 (94 ) 9,281 Total commercial real estate loans 18,986 — 170 763 19,919 Commercial and industrial loans Owner occupied commercial real estate 3,032 — — 111 3,143 Commercial business 3,024 (10 ) 8 (283 ) 2,739 Total commercial and industrial loans 6,056 (10 ) 8 (172 ) 5,882 Total allowance for credit losses $ 40,982 $ (160 ) $ 282 $ 750 $ 41,854 Nine Months Ended September 30, 2019 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 8,217 $ — $ 143 $ (1,140 ) $ 7,220 Home equity and other 7,712 (209 ) 212 (230 ) 7,485 15,929 (209 ) 355 (1,370 ) 14,705 Commercial real estate loans Non-owner occupied commercial real estate 5,496 — — 985 6,481 Multifamily 5,754 — — 936 6,690 Construction/land development 9,539 — 48 220 9,807 Total commercial real estate loans 20,789 — 48 2,141 22,978 Commercial and industrial loans Owner occupied commercial real estate 3,282 — — 319 3,601 Commercial business 2,913 — 27 410 3,350 Total commercial and industrial loans 6,195 — 27 729 6,951 Total allowance for credit losses $ 42,913 $ (209 ) $ 430 $ 1,500 $ 44,634 Nine Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries (Reversal of) Provision Ending Consumer loans Single family $ 9,412 $ (43 ) $ 284 $ (1,146 ) $ 8,507 Home equity and other 7,081 (349 ) 325 489 7,546 16,493 (392 ) 609 (657 ) 16,053 Commercial real estate loans Non-owner occupied commercial real estate 4,755 — — 258 5,013 Multifamily 3,895 — — 1,730 5,625 Construction/land development 8,677 — 513 91 9,281 Total commercial real estate loans 17,327 — 513 2,079 19,919 Commercial and industrial loans Owner occupied commercial real estate 2,960 — — 183 3,143 Commercial business 2,336 (663 ) 171 895 2,739 5,296 (663 ) 171 1,078 5,882 Total allowance for credit losses $ 39,116 $ (1,055 ) $ 1,293 $ 2,500 $ 41,854
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 September 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 $ 7,136 $ 84 $ 7,220 $ 1,117,056 $ 65,821 $ 1,182,877 Home equity and other 7,448 37 7,485 566,739 1,039 567,778 Total consumer loans 14,584 121 14,705 1,683,795 66,860 1,750,655 Commercial real estate loans Non-owner occupied commercial real estate 6,481 — 6,481 794,863 — 794,863 Multifamily 6,690 — 6,690 920,279 — 920,279 Construction/land development 9,807 — 9,807 760,977 1,355 762,332 Total commercial real estate loans 22,978 — 22,978 2,476,119 1,355 2,477,474 Commercial and industrial loans Owner occupied commercial real estate 3,601 — 3,601 474,349 2,301 476,650 Commercial business 3,342 8 3,350 444,374 2,365 446,739 Total commercial and industrial loans 6,943 8 6,951 918,723 4,666 923,389 Total loans evaluated for impairment 44,505 129 44,634 5,078,637 72,881 5,151,518 Loans held for investment carried at fair value — — — — — 5,295 (1) Total loans held for investment $ 44,505 $ 129 $ 44,634 $ 5,078,637 $ 72,881 $ 5,156,813 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 September 30, 2019 (in thousands) Recorded investment (1) Unpaid principal balance (2) Related allowance With no related allowance recorded: Consumer loans Single family (3) $ 64,316 $ 64,754 $ — Home equity and other 559 585 — Total consumer loans 64,875 65,339 — Commercial real estate loans Construction/land development 1,355 1,355 — Total commercial real estate loans 1,355 1,355 — Commercial and industrial loans Owner occupied commercial real estate 2,301 2,369 — Commercial business 1,848 2,500 — Total commercial and industrial loans 4,149 4,869 — $ 70,379 $ 71,563 $ — With an allowance recorded: Consumer loans Single family $ 1,505 $ 1,505 $ 84 Home equity and other 480 480 37 Total consumer loans 1,985 1,985 121 Commercial and industrial loans Commercial business 517 548 8 Total commercial and industrial loans 517 548 8 $ 2,502 $ 2,533 $ 129 Total: Consumer loans Single family (3) $ 65,821 $ 66,259 $ 84 Home equity and other 1,039 1,065 37 Total consumer loans 66,860 67,324 121 Commercial real estate loans Construction/land development 1,355 1,355 — Total commercial real estate loans 1,355 1,355 — Commercial and industrial loans Owner occupied commercial real estate 2,301 2,369 — Commercial business 2,365 3,048 8 Total commercial and industrial loans 4,666 5,417 8 Total impaired loans $ 72,881 $ 74,096 $ 129 (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 $63.8 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 September 30, 2019 Three Months Ended September 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 67,814 $ 662 $ 66,754 $ 653 Home equity and other 1,044 14 1,256 20 Total consumer loans 68,858 676 68,010 673 Commercial real estate loans Multifamily 242 — 640 6 Construction/land development 677 — 677 6 Total commercial real estate loans 919 — 1,317 12 Commercial and industrial loans Owner occupied commercial real estate 1,744 — 1,250 19 Commercial business 1,842 9 1,895 28 Total commercial and industrial loans 3,586 9 3,145 47 $ 73,363 $ 685 $ 72,472 $ 732 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Consumer loans Single family $ 68,181 $ 2,088 $ 69,384 $ 1,963 Home equity and other 1,112 46 1,267 58 Total consumer loans 69,293 2,134 70,651 2,021 Commercial real estate loans Non-owner occupied commercial real estate 3 — — — Multifamily 366 14 722 18 Construction/land development 1,689 — 600 17 Total commercial real estate loans 2,058 14 1,322 35 Commercial and industrial loans Owner occupied commercial real estate 2,936 112 2,085 74 Commercial business 1,889 29 2,420 94 Total commercial and industrial loans 4,825 141 4,505 168 $ 76,176 $ 2,289 $ 76,478 $ 2,224
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 September 30, 2019 (in thousands) Pass Watch Special mention Substandard Total Consumer loans Single family $ 1,172,275 (1) $ 2,417 $ 7,992 $ 5,475 $ 1,188,159 Home equity and other 565,632 360 812 987 567,791 Total consumer loans 1,737,907 2,777 8,804 6,462 1,755,950 Commercial real estate loans Non-owner occupied commercial real estate 791,964 2,899 — — 794,863 Multifamily 915,452 4,827 — — 920,279 Construction/land development 727,673 14,208 19,096 1,355 762,332 Total commercial real estate loans 2,435,089 21,934 19,096 1,355 2,477,474 Commercial and industrial loans Owner occupied commercial real estate 435,811 22,647 12,685 5,507 476,650 Commercial business 390,367 33,178 19,601 3,593 446,739 Total commercial and industrial loans 826,178 55,825 32,286 9,100 923,389 $ 4,999,174 $ 80,536 $ 60,186 $ 16,917 $ 5,156,813 (1) Includes $5.3 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 September 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 $ 6,447 $ 2,972 $ 27,065 $ 36,484 $ 1,151,675 (1) $ 1,188,159 $ 21,590 (2) Home equity and other 147 360 987 1,494 566,297 567,791 — Total consumer loans 6,594 3,332 28,052 37,978 1,717,972 1,755,950 21,590 Commercial real estate loans Non-owner occupied commercial real estate — — — — 794,863 794,863 — Multifamily — — — — 920,279 920,279 — Construction/land development — — 1,355 1,355 760,977 762,332 — Total commercial real estate loans — — 1,355 1,355 2,476,119 2,477,474 — Commercial and industrial loans Owner occupied commercial real estate 1,110 — 2,301 3,411 473,239 476,650 — Commercial business 45 — 2,315 2,360 444,379 446,739 — Total commercial and industrial loans 1,155 — 4,616 5,771 917,618 923,389 — $ 7,749 $ 3,332 $ 34,023 $ 45,104 $ 5,111,709 $ 5,156,813 $ 21,590 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 $5.3 million and $4.1 million of loans at September 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 September 30, 2019 (in thousands) Accrual Nonaccrual Total Consumer loans Single family (1) $ 1,182,684 $ 5,475 $ 1,188,159 Home equity and other 566,804 987 567,791 Total consumer loans 1,749,488 6,462 1,755,950 Commercial real estate loans Non-owner occupied commercial real estate 794,863 — 794,863 Multifamily 920,279 — 920,279 Construction/land development 760,977 1,355 762,332 Total commercial real estate loans 2,476,119 1,355 2,477,474 Commercial and industrial loans Owner occupied commercial real estate 474,349 2,301 476,650 Commercial business 444,424 2,315 446,739 Total commercial and industrial loans 918,773 4,616 923,389 $ 5,144,380 $ 12,433 $ 5,156,813 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 $5.3 million and $4.1 million of loans at September 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 September 30, 2019 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 6 $ 1,112 $ — Payment restructure 21 5,420 — Total consumer Interest rate reduction 6 1,112 — Payment restructure 21 5,420 — 27 6,532 — Total loans Interest rate reduction 6 1,112 — Payment restructure 21 5,420 — 27 $ 6,532 $ — Three Months Ended September 30, 2018 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 2 $ 374 $ — Payment restructure 42 8,854 — Total consumer Interest rate reduction 2 374 — Payment restructure 42 8,854 — 44 9,228 — Total loans Interest rate reduction 2 374 — Payment restructure 42 8,854 — 44 $ 9,228 $ — Nine Months Ended September 30, 2019 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 13 $ 2,386 $ — Payment restructure 111 23,904 — Home equity and other Payment restructure 1 116 — Total consumer Interest rate reduction 13 2,386 — Payment restructure 112 24,020 — 125 26,406 — 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 13 2,386 — Payment restructure 115 34,794 — 128 $ 37,180 $ — Nine Months Ended September 30, 2018 (dollars in thousands) Concession type Number of loan Recorded Related charge- Consumer loans Single family Interest rate reduction 15 $ 2,836 $ — Payment restructure 106 22,784 — Total consumer Interest rate reduction 15 2,836 — Payment restructure 106 22,784 — 121 25,620 — 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 15 2,836 — Payment restructure 108 23,051 — 123 $ 25,887 $ —
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 nine months ended September 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 September 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 3 $ 643 6 $ 988 3 $ 643 6 $ 988 Nine Months Ended September 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 9 $ 1,873 18 $ 3,267 9 $ 1,873 18 $ 3,267

DEPOSITS - (Tables)

DEPOSITS - (Tables)	9 Months Ended
	Sep. 30, 2019
Banking and Thrift [Abstract]
Deposit balances, including stated rates	Deposit balances, including stated rates, were as follows. (in thousands) At September 30, At December 31, Noninterest-bearing accounts (1) $ 952,380 $ 914,154 NOW accounts, 0.00% to 1.44% at September 30, 2019 and December 31, 2018 421,750 376,137 Statement savings accounts, due on demand, 0.05% to 1.13% at September 30, 2019 and December 31, 2018 220,401 245,795 Money market accounts, due on demand, 0.00% to 3.43% at September 30, 2019 and 0.00% to 2.40% at December 31, 2018 2,073,907 1,935,516 Certificates of deposit, 0.10% to 3.06% at September 30, 2019 and 0.10% to 3.80% at December 31, 2018 2,135,869 1,579,806 $ 5,804,307 $ 5,051,408 (1) Includes zero and $162.8 million in servicing deposits related to discontinued operations at September 30, 2019 and December 31, 2018 , respectively. These deposits were transferred to the MSR buyers concurrent with the transfer of the loan servicing.
Interest expense on deposits	Interest expense on deposits was as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 NOW accounts $ 371 $ 416 $ 1,140 $ 1,286 Statement savings accounts 121 197 407 643 Money market accounts 7,129 4,481 19,822 12,003 Certificates of deposit 12,972 6,192 30,476 14,704 $ 20,593 $ 11,286 $ 51,845 $ 28,636 (1) Includes $91 thousand in interest expense on deposits related to discontinued operations for the three and nine months ended September 30, 2019 .
Certificates of deposit outstanding	Certificates of deposit outstanding mature as follows. (in thousands) At September 30, Within one year $ 1,737,262 One to two years 309,166 Two to three years 57,857 Three to four years 16,065 Four to five years 15,485 Thereafter 34 $ 2,135,869

DERIVATIVES AND HEDGING ACTIV_2

DERIVATIVES AND HEDGING ACTIVITIES - (Tables)	9 Months Ended
	Sep. 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 September 30, 2019 Notional amount Fair value derivatives (in thousands) Asset Liability Forward sale commitments $ 1,509,784 $ 3,026 $ (2,180 ) Interest rate lock and purchase loan commitments 287,806 4,239 (203 ) Interest rate swaps 633,387 36,563 (14,568 ) Eurodollar futures 1,661,000 24 — Total derivatives before netting $ 4,091,977 43,852 (16,951 ) Netting adjustment/Cash collateral (1) (14,981 ) 16,532 Carrying value on consolidated statements of financial condition (2) $ 28,871 $ (419 ) 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 $1.6 million and $4.2 million at September 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 September 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 $ 43,852 $ (14,981 ) $ 28,871 $ — $ 28,871 Derivative liabilities (16,951 ) 16,532 (419 ) — (419 ) 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 $1.6 million and $4.2 million at September 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Recognized in noninterest income: (1) Net (loss) gain on loan origination and sale activities (2) $ (6,884 ) $ (4,760 ) $ (17,983 ) $ 12,322 Loan servicing income (loss) (3) 9,040 (9,446 ) 19,917 (52,611 ) Other (4) 115 — 149 — $ 2,271 $ (14,206 ) $ 2,083 $ (40,289 ) (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)	9 Months Ended
	Sep. 30, 2019
Mortgage Banking [Abstract]
Mortgage loans on real estate, by loan	Loans held for sale consisted of the following. (in thousands) At September 30, At December 31, Commercial $ 85,240 $ 25,139 Single family (1) 158,931 321,868 Total loans held for sale $ 244,171 $ 347,007 (1) Includes loans from discontinued operations of $71.2 million and $269.7 million at September 30, 2019 and December 31, 2018 , respectively. Loans sold proceeds consisted of the following. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Commercial $ 270,484 $ 157,868 $ 586,217 $ 367,429 Single family (1) 893,959 1,724,697 3,352,872 5,043,769 Total loans sold (2) $ 1,164,443 $ 1,882,565 $ 3,939,089 $ 5,411,198 (1) Includes both continuing and discontinued operations.
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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Commercial $ 6,693 $ 4,236 $ 12,179 $ 8,481 Single family (1) 9,628 40,335 78,612 141,458 Gain on loan origination and sale activities (2) $ 16,321 $ 44,571 $ 90,791 $ 149,939 (1) Includes $370 thousand and $40.4 million from discontinued operations for three months ended September 30, 2019 and 2018 , respectively, and $60.1 million and $142.0 million for the nine months ended September 30, 2019 and 2018 , respectively. (2) Includes loans originated as held for investment.
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 September 30, At December 31, Commercial $ 1,576,714 $ 1,542,477 Single family (1) 7,014,265 20,151,735 Total loans serviced for others $ 8,590,979 $ 21,694,212 (1) Includes both continuing and discontinued operations at December 31, 2018.
Mortgage repurchase losses	The following is a summary of changes in the Company's liability for estimated mortgage repurchase losses. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Balance, beginning of period $ 3,237 $ 2,504 $ 3,120 $ 3,015 Additions, net of adjustments (1) (22 ) 643 482 1,248 Realized losses (2) (28 ) (273 ) (415 ) (1,389 ) Balance, end of period $ 3,187 $ 2,874 $ 3,187 $ 2,874 (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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Servicing income, net: Servicing fees and other $ 7,454 $ 15,046 $ 30,877 $ 51,882 Changes in fair value of single family MSRs due to modeled amortization (1) (4,489 ) (8,300 ) (16,894 ) (26,570 ) Amortization of multifamily and SBA MSRs (1,315 ) (1,034 ) (3,793 ) (3,147 ) 1,650 5,712 10,190 22,165 Risk management, single family MSRs: Changes in fair value of MSRs due to changes in market inputs and/or model updates (2)(3) (7,501 ) 11,562 (22,193 ) 52,880 Net gain (loss) from derivatives economically hedging MSR 9,040 (9,446 ) 19,917 (52,611 ) 1,539 2,116 (2,276 ) 269 Loan servicing income (4) $ 3,189 $ 7,828 $ 7,914 $ 22,434 (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 income of $333 thousand and pre-tax loss of $941 thousand , net of transaction costs, brokerage fees and prepayment reserves, resulting from the sales of single family MSRs during the three and nine months ended September 30, 2019 , respectively, and pre-tax income of $573 thousand for the nine months ended September 30, 2018 . (4) Includes $ 502 thousand and $6.9 million from discontinued operations for three months ended September 30, 2019 and 2018 and $2.0 million and $19.6 million for the nine 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 September 30, Nine Months Ended September 30, (rates per annum) (1) 2019 2018 2019 2018 Constant prepayment rate ("CPR") (2) 18.86 % 17.19 % 18.82 % 15.54 % Discount rate (3) 8.96 % 10.29 % 9.39 % 10.27 % (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 September 30, 2019 Fair value of single family MSR $ 61,823 Expected weighted-average life (in years) 4.05 Constant prepayment rate (1) 20.50 % Impact on fair value of 25 basis points adverse change in interest rates $ (4,234 ) Impact on fair value of 50 basis points adverse change in interest rates $ (7,956 ) Discount rate 9.00 % Impact on fair value of 100 basis points increase $ (1,718 ) Impact on fair value of 200 basis points increase $ (3,331 ) (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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 67,723 $ 245,744 $ 252,168 $ 258,560 Additions and amortization: Originations 6,422 14,525 23,893 45,551 Sale of single family MSRs — (12 ) (176,944 ) (66,902 ) Changes due to modeled amortization (1) (4,489 ) (8,300 ) (16,894 ) (26,570 ) Net additions and amortization 1,933 6,213 (169,945 ) (47,921 ) Changes in fair value of MSRs due to changes in market inputs and/or model updates (2) (7,833 ) 11,665 (20,400 ) 52,983 Ending balance $ 61,823 $ 263,622 $ 61,823 $ 263,622 (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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 27,227 $ 26,460 $ 28,326 $ 26,093 Origination 2,770 2,657 3,931 5,000 Amortization (1,196 ) (981 ) (3,456 ) (2,957 ) Ending balance $ 28,801 $ 28,136 $ 28,801 $ 28,136
Projected amortization expense for the gross carrying value of multifamily MSRs	At September 30, 2019 , the expected weighted-average remaining life of the Company's multifamily MSRs was 10.59 years . Projected amortization expense for the gross carrying value of multifamily MSRs is estimated as follows. (in thousands) At September 30, 2019 Remainder of 2019 $ 1,028 2020 4,068 2021 3,953 2022 3,734 2023 3,516 2024 3,241 2025 and thereafter 9,261 Carrying value of multifamily MSR $ 28,801

FAIR VALUE MEASUREMENT - (Table

FAIR VALUE MEASUREMENT - (Tables)	9 Months Ended
	Sep. 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 September 30, 2019 Level 1 Level 2 Level 3 Assets: Investment securities available for sale Mortgage backed securities: Residential $ 109,581 $ — $ 107,647 $ 1,934 Commercial 29,836 — 29,836 — Collateralized mortgage obligations: Residential 187,989 — 187,989 — Commercial 109,543 — 109,543 — Municipal bonds 380,094 — 380,094 — Corporate debt securities 18,768 — 18,678 90 U.S. Treasury securities 1,308 — 1,308 — Agency debentures 25,220 — 25,220 — Single family loans held for sale (1) 158,931 — 152,854 6,077 Single family loans held for investment 5,295 — — 5,295 Single family mortgage servicing rights 61,823 — — 61,823 Derivatives (1) Eurodollar futures 24 24 — — Forward sale commitments 3,026 — 3,026 — Interest rate lock and purchase loan commitments 4,239 — — 4,239 Interest rate swaps 36,563 — 36,563 — Total assets $ 1,132,240 $ 24 $ 1,052,758 $ 79,458 Liabilities: Derivatives Forward sale commitments $ 2,180 $ — 2,180 $ — Interest rate lock and purchase loan commitments 203 — — 203 Interest rate swaps 14,568 — 14,568 — Total liabilities $ 16,951 $ — $ 16,748 $ 203 (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 loans held for sale (1) 321,868 — 319,177 2,691 Single family loans held for investment 4,057 — — 4,057 Single family mortgage servicing rights 252,168 — — 252,168 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 (1) Includes both continuing and discontinued operations.
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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Investment securities available for sale (1) $ 2,024 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 a similar balance at December 31, 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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for investment, fair value option $ 5,295 Income approach Implied spread to benchmark interest rate curve 4.34% 7.01% 5.30% (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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Loans held for sale, fair value option $ 6,077 Income approach Implied spread to benchmark interest rate curve 5.71% 6.71% 6.07% Market price movement from comparable bond (0.10)% (0.08)% (0.09)% (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 September 30, 2019 Fair Value Valuation Technique Significant Unobservable Input Low High Weighted Average Interest rate lock and purchase loan commitments, net $ 4,036 Income approach Fall-out factor —% 63.68% 12.62% Value of servicing 0.51% 1.62% 1.12% (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 September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale $ 1,981 $ — $ — $ (40 ) $ 83 $ 2,024 Nine Months Ended September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Investment securities available for sale $ — $ — $ 2,379 $ (120 ) $ (235 ) $ 2,024 The following tables present fair value changes and activity for Level 3 loans held for sale and loans held for investment. Three Months Ended September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 4,427 $ 2,393 $ — $ (686 ) $ (57 ) $ 6,077 Loans held for investment 4,475 789 — — 31 5,295 Three Months Ended September 30, 2018 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 1,823 $ — $ — $ — $ (30 ) $ 1,793 Loans held for investment 4,178 — — (2 ) (86 ) 4,090 Nine Months Ended September 30, 2019 Beginning balance Additions Transfers Payoffs/Sales Change in mark to market Ending balance (in thousands) Loans held for sale $ 2,691 $ 5,060 $ — $ (1,595 ) $ (79 ) $ 6,077 Loans held for investment 4,057 1,788 — (606 ) 56 5,295 Nine Months Ended September 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 $ — $ (1,998 ) $ (146 ) $ 1,793 Loans held for investment 5,477 — — (1,116 ) (271 ) 4,090 The following table presents fair value changes and activity for Level 3 interest rate lock and purchase loan commitments. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance, net $ 8,624 $ 16,866 $ 10,284 $ 12,925 Total realized/unrealized gains 1,243 26,527 34,655 77,607 Settlements (5,831 ) (32,996 ) (40,903 ) (80,135 ) Ending balance, net $ 4,036 $ 10,397 $ 4,036 $ 10,397
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 nine months ended September 30, 2019 and 2018 and assets held at the end of the respective reporting period. At or for the Three Months Ended September 30, 2019 (in thousands) Fair Value of Assets Held at September 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 266 $ — $ — $ 266 $ (2 ) Total $ 266 $ — $ — $ 266 $ (2 ) At or for the Three Months Ended September 30, 2018 (in thousands) Fair Value of Assets Held at September 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,213 $ — $ — 1,213 $ (68 ) Total $ 1,213 $ — $ — $ 1,213 $ (68 ) At or for the Nine Months Ended September 30, 2019 (in thousands) Fair Value of Assets Held at September 30, 2019 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 266 $ — $ — $ 266 $ (2 ) Total $ 266 $ — $ — $ 266 $ (2 ) At or for the Nine Months Ended September 30, 2018 (in thousands) Fair Value of Assets Held at September 30, 2018 Level 1 Level 2 Level 3 Total Gains (Losses) Loans held for investment (1) $ 1,213 $ — $ — $ 1,213 $ (212 ) Total $ 1,213 $ — $ — $ 1,213 $ (212 ) (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 September 30, 2019 (in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 74,788 $ 74,788 $ 74,788 $ — $ — Investment securities held to maturity 4,397 4,513 — 4,513 — Loans held for investment 5,133,813 5,285,639 — — 5,285,639 Loans held for sale – multifamily and other 85,240 85,240 — 85,240 — Mortgage servicing rights – multifamily 28,801 31,903 — — 31,903 Federal Home Loan Bank stock 8,764 8,764 — 8,764 — Liabilities: Time deposits $ 2,135,869 $ 2,146,696 $ — $ 2,146,696 $ — Federal Home Loan Bank advances 5,590 7,013 — 7,013 — Long-term debt 125,603 115,447 — 115,447 — 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 28,326 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2019 2018 2019 2018 EPS numerator: Income from continuing operations $ 13,665 $ 8,089 $ 27,615 $ 14,014 Undistributed stock dividends share repurchase (223 ) — (505 ) — Allocated undistributed earnings in share repurchase (101 ) — (128 ) — Income from continuing operations available to common shareholders 13,341 8,089 26,982 14,014 Income (loss) from discontinued operations 162 3,746 (21,091 ) 10,786 Net income available to common shareholders $ 13,503 $ 11,835 $ 5,891 $ 24,800 EPS denominator: Weighted average shares: Basic weighted-average number of common shares outstanding 24,419,793 26,985,425 26,020,172 26,963,260 Dilutive effect of outstanding common stock equivalents (1) 206,145 196,263 184,242 202,412 Diluted weighted-average number of common stock outstanding 24,625,938 27,181,688 26,204,414 27,165,672 Basic earnings per share: Income from continuing operations $ 0.55 $ 0.30 $ 1.04 $ 0.52 Income (loss) from discontinued operations 0.01 0.14 (0.81 ) 0.40 Basic earnings per share $ 0.55 $ 0.44 $ 0.23 $ 0.92 Diluted earnings per share: Income from continuing operations $ 0.54 $ 0.30 $ 1.03 $ 0.52 Income (loss) from discontinued operations 0.01 0.14 (0.80 ) 0.40 Diluted earnings per share $ 0.55 $ 0.44 $ 0.22 $ 0.91 (1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the three and nine months ended September 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 690 at September 30, 2019 and zero at September 30, 2018

LEASES - (Tables)

LEASES - (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Lease Cost	The components of lease expense were as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2019 Operating lease cost $ 3,464 $ 11,180 Finance lease cost: Amortization of right-of-use assets 442 1,601 Interest on lease liabilities 81 262 Short-term lease 10 16 Variable lease cost 1,132 4,934 Sublease income (1,686 ) (2,515 ) Total lease cost $ 3,443 $ 15,478
Schedule of Lease Supplemental Cash Flow Information	Supplemental cash flow information related to leases was as follows. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2019 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,184 $ 12,916 Operating cash flows from finance leases 81 262 Financing cash flows from finance leases 322 1,375 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,059 $ (5,306 ) Finance leases 446 (570 )
Schedule of Lease Assets and Liabilities	Supplemental balance sheet information related to leases was as follows. (in thousands, except lease term and discount rate) September 30, 2019 Operating lease right-of-use assets $ 92,840 Operating lease liabilities 110,727 Finance lease right-of-use assets $ 9,003 Finance lease liabilities 9,345 Weighted Average Remaining lease term in years Operating leases 11.89 Finance leases 14.63 Weighted Average Discount Rate Operating leases 3.48 % Finance leases 3.56 %
Schedule of Finance Lease Liability Maturities	Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the nine months ended September 30, 2019) $ 4,363 $ 497 2020 16,496 1,767 2021 15,346 1,465 2022 13,331 590 2023 10,994 474 2024 9,451 400 Thereafter 69,653 7,238 Total lease payments 139,634 12,431 Less imputed interest 28,907 3,086 Total $ 110,727 $ 9,345
Schedule of Operating Lease Liability Maturities	Maturities of lease liabilities were as follows. Operating Leases Finance Leases Year ended December 31, 2019 (excluding the nine months ended September 30, 2019) $ 4,363 $ 497 2020 16,496 1,767 2021 15,346 1,465 2022 13,331 590 2023 10,994 474 2024 9,451 400 Thereafter 69,653 7,238 Total lease payments 139,634 12,431 Less imputed interest 28,907 3,086 Total $ 110,727 $ 9,345
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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 Beginning balance $ 2,707 $ (19,722 ) $ (15,439 ) $ (7,122 ) Cumulative effect of adoption of new accounting standards (1) — — (2,080 ) — Other comprehensive income (loss) before reclassifications 5,273 (4,399 ) 25,412 (16,811 ) Amounts reclassified from accumulated other comprehensive income (loss) 15 4 102 (184 ) Net current-period other comprehensive income (loss) 5,288 (4,395 ) 25,514 (16,995 ) Ending balance $ 7,995 $ (24,117 ) $ 7,995 $ (24,117 ) (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 September 30, Nine Months Ended September 30, (in thousands) 2019 2018 2019 2018 (Loss) Gain on sale of investment securities available for sale $ (19 ) $ (4 ) $ (129 ) $ 234 Income tax (benefit) expense (4 ) — (27 ) 50 Total, net of tax $ (15 ) $ (4 ) $ (102 ) $ 184

RESTRUCTURING - (Tables)

RESTRUCTURING - (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring reserve rollforward	The following tables summarize the restructuring charges recognized during the three and nine months ended September 30, 2019 and 2018 and the Company's net remaining liability balance at September 30, 2019 and 2018 for both continuing and discontinued operations. 2019 2018 At and for the three months ended September 30 Facility-related costs Personnel-related costs Other costs Total Facility-related costs Personnel- related costs Other costs Total (in thousands) Beginning balance $ 1,423 $ 562 $ 22 $ 2,007 $ 4,209 $ 439 $ — $ 4,648 Restructuring charges 6 168 — 174 456 15 — 471 Costs paid or otherwise settled (173 ) (480 ) — (653 ) (1,409 ) (400 ) — (1,809 ) Ending balance $ 1,256 $ 250 $ 22 $ 1,528 $ 3,256 $ 54 $ — $ 3,310 2019 2018 At and for the nine months ended September 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 200 1,168 147 1,515 6,619 454 — 7,073 Costs paid or otherwise settled (548 ) (918 ) (125 ) (1,591 ) (4,749 ) (400 ) — (5,149 ) Ending balance $ 1,256 $ 250 $ 22 $ 1,528 $ 3,256 $ 54 $ — $ 3,310

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 01, 2020	Jul. 11, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 26, 2019	Mar. 31, 2019	Mar. 29, 2019	Mar. 28, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Stock repurchase program, authorized amount					$ 25,000			$ 75,000
Common stock repurchased price (in dollars per share)		$ 31.16
Common stock repurchased (in shares)		1,700,000		2,656,001
Common stock, par value (in dollars per share)			$ 0	$ 0	$ 0				$ 0
Equity reclassification due to stock repurchase			$ 0	$ 52,735
Single family [Member] | Agency debentures [Member]
Financing Receivable, Impaired [Line Items]
Mortgage servicing rights, unpaid principal balance, sold						$ 14,260,000	$ 14,260,000
Percentage of loan portfolio sold									71.00%
Minimum [Member] | Accounting Standards Update 2016-13 [Member] | Forecast [Member]
Financing Receivable, Impaired [Line Items]
Expected increase to allowance for credit losses due to ASU 2016-03 adoption, percent	0.00%
Maximum [Member] | Accounting Standards Update 2016-13 [Member] | Forecast [Member]
Financing Receivable, Impaired [Line Items]
Expected increase to allowance for credit losses due to ASU 2016-03 adoption, percent	10.00%

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) $ in Thousands	Jun. 24, 2019branch	Sep. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Mar. 29, 2019USD ($)sale_of_right	Dec. 31, 2018
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 | sale_of_right				2
Mortgage servicing rights, unpaid principal balance, sold			$ 14,260,000	$ 14,260,000
Percentage of loan portfolio sold					71.00%
Increase in income during period from discontinued operations before income taxes		$ (941)
HLC Based Mortgage Banking Operations [Member]
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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from asset sales		$ 174,333	$ 0
Net gain (loss) on disposal	$ 1,260	(21,760)
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	0	186,612
Book value of asset sales	(4)	180,978
Gain on assets sold	4	5,634
Transaction cost (recovery) expenses	(386)	8,791
Compensation expense related to the transactions	596	4,388
Facility and IT related cost (recovery) expenses	(1,466)	14,215
Total cost (recovery) expenses	(1,256)	27,394
Net gain (loss) on disposal	$ 1,260	$ (21,760)

DISCONTINUED OPERATIONS - Major

DISCONTINUED OPERATIONS - Major Classes of Assets and Liabilities Related to Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Assets of discontinued operations	$ 82,911	$ 477,034
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Liabilities of discontinued operations	5,075	167,121
Discontinued Operations, Held-for-sale [Member]
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Loans held for sale, at fair value	71,213	269,683
Mortgage serving rights	0	177,121
Premises and equipment, net	0	6,689
Other assets	11,698	23,541
Assets of discontinued operations	82,911	477,034
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Deposits	0	162,850
Accrued expenses and other liabilities	5,075	4,271
Liabilities of discontinued operations	5,075	167,121
Derivative assets included in other assets	$ 1,200	$ 15,500

DISCONTINUED OPERATIONS - State

DISCONTINUED OPERATIONS - Statements of Operations of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) before income taxes	$ 190	$ 4,561	$ (24,928)	$ 13,651
Income tax expense (benefit)	28	815	(3,837)	2,865
Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net interest income	842	3,784	5,604	10,054
Noninterest income	1,604	47,458	64,332	162,177
Noninterest expense	2,256	46,681	94,864	158,580
Income (loss) before income taxes	190	4,561	(24,928)	13,651
Income tax expense (benefit)	28	815	(3,837)	2,865
Income (loss) from discontinued operations	$ 162	$ 3,746	$ (21,091)	$ 10,786

DISCONTINUED OPERATIONS - Cash

DISCONTINUED OPERATIONS - Cash Flows for Discontinued Operations (Details) - Discontinued Operations, Held-for-sale [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities	$ 196,712	$ 179,273
Net cash provided by investing activities	$ 177,291	$ 214,488

INVESTMENT SECURITIES - Unreali

INVESTMENT SECURITIES - Unrealized Gain/Loss on Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
AVAILABLE FOR SALE
Amortized cost	$ 852,219		$ 873,438
Gross unrealized gains	14,515		2,022
Gross unrealized losses	(4,395)		(23,492)
Fair value	862,339		851,968
HELD TO MATURITY (1)
Amortized cost	4,397		71,285
Gross unrealized gains	116		230
Gross unrealized losses	0		(969)
Fair value	4,513		70,546
Residential mortgage-backed securities [Member]
AVAILABLE FOR SALE
Amortized cost	111,221		112,852
Gross unrealized gains	149		19
Gross unrealized losses	(1,789)		(4,910)
Fair value	109,581		107,961
HELD TO MATURITY (1)
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	29,219		34,892
Gross unrealized gains	624		109
Gross unrealized losses	(7)		(487)
Fair value	29,836		34,514
HELD TO MATURITY (1)
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	187,651		171,412
Gross unrealized gains	1,269		221
Gross unrealized losses	(931)		(4,889)
Fair value	187,989		166,744
Commercial collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Amortized cost	109,116		118,555
Gross unrealized gains	1,072		140
Gross unrealized losses	(645)		(2,021)
Fair value	109,543		116,674
Municipal bonds [Member]
AVAILABLE FOR SALE
Amortized cost	369,988		393,463
Gross unrealized gains	11,078		1,526
Gross unrealized losses	(972)		(9,334)
Fair value	380,094		385,655
HELD TO MATURITY (1)
Amortized cost	4,397		27,191
Gross unrealized gains	116		190
Gross unrealized losses	0		(319)
Fair value	4,513		27,062
Corporate debt securities [Member]
AVAILABLE FOR SALE
Amortized cost	18,507		21,177
Gross unrealized gains	311		1
Gross unrealized losses	(50)		(1,183)
Fair value	18,768		19,995
HELD TO MATURITY (1)
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	12		6
Gross unrealized losses	0		(317)
Fair value	1,308		10,900
Agency debentures [Member]
AVAILABLE FOR SALE
Amortized cost	25,221		9,876
Gross unrealized gains	0		0
Gross unrealized losses	(1)		(351)
Fair value	$ 25,220		9,525
Collateralized mortgage obligations [Member]
HELD TO MATURITY (1)
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 (1)
Amortized cost		$ (66,200)

INVESTMENT SECURITIES - Continu

INVESTMENT SECURITIES - Continuous Unrealized Loss on Investment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	$ (1,005,000)	$ (1,902,000)
Less than 12 months, Fair value	141,542,000	138,019,000
Twelve months or more, Gross unrealized losses	(3,390,000)	(21,590,000)
Twelve months or more, Fair value	212,867,000	560,613,000
Total, Gross unrealized losses	(4,395,000)	(23,492,000)
Total, Fair value	354,409,000	698,632,000
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(222,000)
Less than 12 months, Fair value		22,921,000
Twelve months or more, Gross unrealized losses		(747,000)
Twelve months or more, Fair value		28,726,000
Total, Gross unrealized losses	0	(969,000)
Total, Fair value		51,647,000
Residential mortgage-backed securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(338,000)	(34,000)
Less than 12 months, Fair value	18,888,000	1,269,000
Twelve months or more, Gross unrealized losses	(1,451,000)	(4,876,000)
Twelve months or more, Fair value	80,120,000	104,822,000
Total, Gross unrealized losses	(1,789,000)	(4,910,000)
Total, Fair value	99,008,000	106,091,000
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(31,000)
Less than 12 months, Fair value		2,314,000
Twelve months or more, Gross unrealized losses		(243,000)
Twelve months or more, Fair value		6,197,000
Total, Gross unrealized losses		(274,000)
Total, Fair value		8,511,000
Commercial mortgage-backed securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(2,000)	0
Less than 12 months, Fair value	2,929,000	0
Twelve months or more, Gross unrealized losses	(5,000)	(487,000)
Twelve months or more, Fair value	2,509,000	18,938,000
Total, Gross unrealized losses	(7,000)	(487,000)
Total, Fair value	5,438,000	18,938,000
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(24,000)
Less than 12 months, Fair value		2,800,000
Twelve months or more, Gross unrealized losses		(287,000)
Twelve months or more, Fair value		11,256,000
Total, Gross unrealized losses		(311,000)
Total, Fair value		14,056,000
Residential collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(277,000)	(131,000)
Less than 12 months, Fair value	44,854,000	24,085,000
Twelve months or more, Gross unrealized losses	(654,000)	(4,758,000)
Twelve months or more, Fair value	31,432,000	128,899,000
Total, Gross unrealized losses	(931,000)	(4,889,000)
Total, Fair value	76,286,000	152,984,000
Commercial collateralized mortgage obligations [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(195,000)	(350,000)
Less than 12 months, Fair value	22,845,000	22,051,000
Twelve months or more, Gross unrealized losses	(450,000)	(1,671,000)
Twelve months or more, Fair value	42,873,000	73,429,000
Total, Gross unrealized losses	(645,000)	(2,021,000)
Total, Fair value	65,718,000	95,480,000
Municipal bonds [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(192,000)	(1,283,000)
Less than 12 months, Fair value	26,805,000	85,057,000
Twelve months or more, Gross unrealized losses	(780,000)	(8,051,000)
Twelve months or more, Fair value	54,189,000	201,189,000
Total, Gross unrealized losses	(972,000)	(9,334,000)
Total, Fair value	80,994,000	286,246,000
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(102,000)
Less than 12 months, Fair value		7,210,000
Twelve months or more, Gross unrealized losses		(217,000)
Twelve months or more, Fair value		11,273,000
Total, Gross unrealized losses		(319,000)
Total, Fair value		18,483,000
Corporate debt securities [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	0	(104,000)
Less than 12 months, Fair value	0	5,557,000
Twelve months or more, Gross unrealized losses	(50,000)	(1,079,000)
Twelve months or more, Fair value	1,744,000	14,213,000
Total, Gross unrealized losses	(50,000)	(1,183,000)
Total, Fair value	1,744,000	19,770,000
US Treasury 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	0	(317,000)
Twelve months or more, Fair value	0	9,598,000
Total, Gross unrealized losses	0	(317,000)
Total, Fair value	0	9,598,000
Agency debentures [Member]
AVAILABLE FOR SALE
Less than 12 months, Gross unrealized losses	(1,000)	0
Less than 12 months, Fair value	25,221,000	0
Twelve months or more, Gross unrealized losses	0	(351,000)
Twelve months or more, Fair value	0	9,525,000
Total, Gross unrealized losses	(1,000)	(351,000)
Total, Fair value	$ 25,221,000	9,525,000
Collateralized mortgage obligations [Member]
HELD TO MATURITY
Less than 12 months, Gross unrealized losses		(65,000)
Less than 12 months, Fair value		10,597,000
Twelve months or more, Gross unrealized losses		0
Twelve months or more, Fair value		0
Total, Gross unrealized losses		(65,000)
Total, Fair value		$ 10,597,000

INVESTMENT SECURITIES - Weighte

INVESTMENT SECURITIES - Weighted Average Yield (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
AVAILABLE FOR SALE
Due within one year, Fair value	$ 2,324	$ 5,670
Weighted Average Yield, due within one year	3.08%	2.12%
Due in one through five years, Fair value	$ 48,018	$ 54,308
Weighted Average Yield, due after one year through five years	2.37%	2.24%
Due after five years through ten years, Fair value	$ 69,996	$ 106,915
Weighted Average Yield, due after five years through ten years	2.87%	2.81%
Due after 10 years, Fair value	$ 742,001	$ 685,075
Weighted Average Yield, due after ten years	3.01%	2.90%
Total, Fair value	$ 862,339	$ 851,968
Weighted Average Yield, Total	2.96%	2.84%
HELD TO MATURITY (1)
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	$ 1,794	$ 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	$ 2,719	$ 10,530
Weighted Average Yield, due after five years through ten years	2.08%	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	$ 4,513	$ 70,546
Weighted Average Yield, Total	2.40%	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	1.33%	0.00%
Due after five years through ten years, Fair value	$ 5,654	$ 7,094
Weighted Average Yield, due after five years through ten years	1.67%	1.62%
Due after 10 years, Fair value	$ 103,923	$ 100,867
Weighted Average Yield, due after ten years	2.13%	2.05%
Total, Fair value	$ 109,581	$ 107,961
Weighted Average Yield, Total	2.11%	2.03%
HELD TO MATURITY (1)
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	$ 7,603	$ 14,175
Weighted Average Yield, due after one year through five years	2.74%	2.20%
Due after five years through ten years, Fair value	$ 12,125	$ 16,737
Weighted Average Yield, due after five years through ten years	2.76%	2.99%
Due after 10 years, Fair value	$ 10,108	$ 3,602
Weighted Average Yield, due after ten years	2.42%	2.90%
Total, Fair value	$ 29,836	$ 34,514
Weighted Average Yield, Total	2.64%	2.66%
HELD TO MATURITY (1)
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	$ 187,989	$ 166,744
Weighted Average Yield, due after ten years	2.45%	2.43%
Total, Fair value	$ 187,989	$ 166,744
Weighted Average Yield, Total	2.45%	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	$ 7,607	$ 9,008
Weighted Average Yield, due after one year through five years	2.34%	2.42%
Due after five years through ten years, Fair value	$ 28,058	$ 29,292
Weighted Average Yield, due after five years through ten years	2.79%	2.88%
Due after 10 years, Fair value	$ 73,878	$ 78,374
Weighted Average Yield, due after ten years	2.47%	2.42%
Total, Fair value	$ 109,543	$ 116,674
Weighted Average Yield, Total	2.54%	2.53%
Municipal bonds [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 0	$ 5,670
Weighted Average Yield, due within one year	0.00%	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	$ 14,081	$ 30,659
Weighted Average Yield, due after five years through ten years	3.01%	2.89%
Due after 10 years, Fair value	$ 366,013	$ 333,050
Weighted Average Yield, due after ten years	3.69%	3.51%
Total, Fair value	$ 380,094	$ 385,655
Weighted Average Yield, Total	3.67%	3.39%
HELD TO MATURITY (1)
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	$ 1,794	$ 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	$ 2,719	$ 5,651
Weighted Average Yield, due after five years through ten years	2.08%	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	$ 4,513	$ 27,062
Weighted Average Yield, Total	2.40%	3.01%
Corporate debt securities [Member]
AVAILABLE FOR SALE
Due within one year, Fair value	$ 1,016	$ 0
Weighted Average Yield, due within one year	3.41%	0.00%
Due in one through five years, Fair value	$ 7,584	$ 3,949
Weighted Average Yield, due after one year through five years	3.63%	2.96%
Due after five years through ten years, Fair value	$ 10,078	$ 13,608
Weighted Average Yield, due after five years through ten years	3.70%	3.31%
Due after 10 years, Fair value	$ 90	$ 2,438
Weighted Average Yield, due after ten years	6.13%	3.65%
Total, Fair value	$ 18,768	$ 19,995
Weighted Average Yield, Total	3.67%	3.29%
HELD TO MATURITY (1)
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	$ 1,308	$ 0
Weighted Average Yield, due within one year	2.83%	0.00%
Due in one through five years, Fair value	$ 0	$ 10,900
Weighted Average Yield, due after one year through five years	0.00%	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	$ 1,308	$ 10,900
Weighted Average Yield, Total	2.83%	1.87%
Agency debentures [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	$ 25,220	$ 0
Weighted Average Yield, due after one year through five years	1.90%	0.00%
Due after five years through ten years, Fair value	$ 0	$ 9,525
Weighted Average Yield, due after five years through ten years	0.00%	2.23%
Due after 10 years, Fair value	$ 0	$ 0
Weighted Average Yield, due after ten years	0.00%	0.00%
Total, Fair value	$ 25,220	$ 9,525
Weighted Average Yield, Total	1.90%	2.23%
Collateralized mortgage obligations [Member]
HELD TO MATURITY (1)
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 25,190	$ 16,233	$ 144,602	$ 38,465
Gross gains	58	39	589	300
Gross losses	$ (76)	$ (43)	$ (717)	$ (66)

INVESTMENT SECURITIES - Pledged

INVESTMENT SECURITIES - Pledged to Secure Borrowings And Public Deposits (Details) - USD ($) $ in Thousands	Sep. 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	150,828	126,565
Securities pledged to secure derivatives in a liability position	0	5,077
Other securities pledged	4,516	5,147
Total securities pledged as collateral	$ 155,344	$ 199,968

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 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	$ 2,000,000	$ 7,800,000	$ 6,200,000

LOANS AND CREDIT QUALITY - Narr

LOANS AND CREDIT QUALITY - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)segment	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Number of portfolio segments | segment	2
Allowance for unfunded commitments	$ 1.2	$ 1.4	$ 1.4
Washington | Residential Mortgage And Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	11.50%	13.10%
California | Residential Mortgage And Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Percentage of loan portfolio	10.60%	10.20%
Federal Home Loan Bank Advances [Member]
Financing Receivable, Impaired [Line Items]
Loans pledged as collateral	$ 2,120	$ 2,160
Federal Reserve Bank Advances [Member]
Financing Receivable, Impaired [Line Items]
Loans pledged as collateral	$ 505	$ 502.7

LOANS AND CREDIT QUALITY - Loan

LOANS AND CREDIT QUALITY - Loans Held for Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans held for investment
Total loans before fees and costs	$ 5,156,813	$ 5,093,747
Net deferred loan fees and costs	25,732	23,094
Total loans	5,182,545	5,116,841
Allowance for loan losses	(43,437)	(41,470)
Loans held for investment	5,139,108	5,075,371
Fair value of loans held for investment	5,295	4,057
Consumer loans [Member]
Loans held for investment
Total loans before fees and costs	1,755,950	1,929,098
Consumer loans [Member] | Single family [Member]
Loans held for investment
Total loans before fees and costs	1,188,159	1,358,175
Consumer loans [Member] | Home equity and other [Member]
Loans held for investment
Total loans before fees and costs	567,791	570,923
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Loans held for investment
Total loans before fees and costs	794,863	701,928
Commercial loans [Member] | Multifamily [Member]
Loans held for investment
Total loans before fees and costs	920,279	908,015
Commercial loans [Member] | Construction/land development [Member]
Loans held for investment
Total loans before fees and costs	762,332	794,544
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Loans held for investment
Total loans before fees and costs	476,650	429,158
Commercial loans [Member] | Commercial business [Member]
Loans held for investment
Total loans before fees and costs	446,739	331,004
Recurring [Member]
Loans held for investment
Fair value of loans held for investment	5,295	4,057
Recurring [Member] | Level 3 [Member]
Loans held for investment
Fair value of loans held for investment	5,295	4,057
Real Estate Sector [Member] | Commercial loans [Member]
Loans held for investment
Total loans before fees and costs	2,477,474	2,404,487
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Loans held for investment
Total loans before fees and costs	$ 923,389	$ 760,162

LOANS AND CREDIT QUALITY - Allo

LOANS AND CREDIT QUALITY - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 44,628	$ 40,982	$ 42,913	$ 39,116
Provision for credit losses	0	750	1,500	2,500
Recoveries, net of (charge-offs)	6	122	221	238
Ending balance	$ 44,634	$ 41,854	$ 44,634	$ 41,854

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allowance for credit losses by loan portfolio
Beginning balance	$ 44,628	$ 40,982	$ 42,913	$ 39,116
Charge-offs	(68)	(160)	(209)	(1,055)
Recoveries	74	282	430	1,293
(Reversal of) Provision	0	750	1,500	2,500
Ending balance	44,634	41,854	44,634	41,854
Consumer loans [Member]
Allowance for credit losses by loan portfolio
Beginning balance	15,103	15,940	15,929	16,493
Charge-offs	(68)	(150)	(209)	(392)
Recoveries	60	104	355	609
(Reversal of) Provision	(390)	159	(1,370)	(657)
Ending balance	14,705	16,053	14,705	16,053
Consumer loans [Member] | Single family [Member]
Allowance for credit losses by loan portfolio
Beginning balance	7,540	8,594	8,217	9,412
Charge-offs	0	(43)	0	(43)
Recoveries	1	2	143	284
(Reversal of) Provision	(321)	(46)	(1,140)	(1,146)
Ending balance	7,220	8,507	7,220	8,507
Consumer loans [Member] | Home equity and other [Member]
Allowance for credit losses by loan portfolio
Beginning balance	7,563	7,346	7,712	7,081
Charge-offs	(68)	(107)	(209)	(349)
Recoveries	59	102	212	325
(Reversal of) Provision	(69)	205	(230)	489
Ending balance	7,485	7,546	7,485	7,546
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Allowance for credit losses by loan portfolio
Beginning balance	6,151	4,764	5,496	4,755
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Reversal of) Provision	330	249	985	258
Ending balance	6,481	5,013	6,481	5,013
Commercial loans [Member] | Multifamily [Member]
Allowance for credit losses by loan portfolio
Beginning balance	7,047	5,017	5,754	3,895
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Reversal of) Provision	(357)	608	936	1,730
Ending balance	6,690	5,625	6,690	5,625
Commercial loans [Member] | Construction/land development [Member]
Allowance for credit losses by loan portfolio
Beginning balance	9,707	9,205	9,539	8,677
Charge-offs	0	0	0	0
Recoveries	1	170	48	513
(Reversal of) Provision	99	(94)	220	91
Ending balance	9,807	9,281	9,807	9,281
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Allowance for credit losses by loan portfolio
Beginning balance	3,462	3,032	3,282	2,960
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
(Reversal of) Provision	139	111	319	183
Ending balance	3,601	3,143	3,601	3,143
Commercial loans [Member] | Commercial business [Member]
Allowance for credit losses by loan portfolio
Beginning balance	3,158	3,024	2,913	2,336
Charge-offs	0	(10)	0	(663)
Recoveries	13	8	27	171
(Reversal of) Provision	179	(283)	410	895
Ending balance	3,350	2,739	3,350	2,739
Real Estate Sector [Member] | Commercial loans [Member]
Allowance for credit losses by loan portfolio
Beginning balance	22,905	18,986	20,789	17,327
Charge-offs	0	0	0	0
Recoveries	1	170	48	513
(Reversal of) Provision	72	763	2,141	2,079
Ending balance	22,978	19,919	22,978	19,919
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Allowance for credit losses by loan portfolio
Beginning balance	6,620	6,056	6,195	5,296
Charge-offs	0	(10)	0	(663)
Recoveries	13	8	27	171
(Reversal of) Provision	318	(172)	729	1,078
Ending balance	$ 6,951	$ 5,882	$ 6,951	$ 5,882

LOANS AND CREDIT QUALITY - Reco

LOANS AND CREDIT QUALITY - Recorded Investment in Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	$ 44,505		$ 42,680
Allowance: individually evaluated for impairment	129		233
Allowance for credit losses	44,634	$ 44,628	42,913	$ 41,854	$ 40,982	$ 39,116
Loans: collectively evaluated for impairment	5,078,637		5,016,606
Loans: individually evaluated for impairment	72,881		73,084
Total	5,151,518		5,089,690
Fair value of loans held for investment	5,295		4,057
Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	14,584		15,822
Allowance: individually evaluated for impairment	121		107
Allowance for credit losses	14,705	15,103	15,929	16,053	15,940	16,493
Loans: collectively evaluated for impairment	1,683,795		1,856,229
Loans: individually evaluated for impairment	66,860		68,812
Total	1,750,655		1,925,041
Consumer loans [Member] | Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	7,136		8,151
Allowance: individually evaluated for impairment	84		66
Allowance for credit losses	7,220	7,540	8,217	8,507	8,594	9,412
Loans: collectively evaluated for impairment	1,117,056		1,286,556
Loans: individually evaluated for impairment	65,821		67,575
Total	1,182,877		1,354,131
Consumer loans [Member] | Home equity and other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	7,448		7,671
Allowance: individually evaluated for impairment	37		41
Allowance for credit losses	7,485	7,563	7,712	7,546	7,346	7,081
Loans: collectively evaluated for impairment	566,739		569,673
Loans: individually evaluated for impairment	1,039		1,237
Total	567,778		570,910
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	6,481		5,496
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	6,481	6,151	5,496	5,013	4,764	4,755
Loans: collectively evaluated for impairment	794,863		701,928
Loans: individually evaluated for impairment	0		0
Total	794,863		701,928
Commercial loans [Member] | Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	6,690		5,754
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	6,690	7,047	5,754	5,625	5,017	3,895
Loans: collectively evaluated for impairment	920,279		907,523
Loans: individually evaluated for impairment	0		492
Total	920,279		908,015
Commercial loans [Member] | Construction/land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	9,807		9,539
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	9,807	9,707	9,539	9,281	9,205	8,677
Loans: collectively evaluated for impairment	760,977		793,818
Loans: individually evaluated for impairment	1,355		726
Total	762,332		794,544
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	3,601		3,282
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	3,601	3,462	3,282	3,143	3,032	2,960
Loans: collectively evaluated for impairment	474,349		427,938
Loans: individually evaluated for impairment	2,301		1,220
Total	476,650		429,158
Commercial loans [Member] | Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	3,342		2,787
Allowance: individually evaluated for impairment	8		126
Allowance for credit losses	3,350	3,158	2,913	2,739	3,024	2,336
Loans: collectively evaluated for impairment	444,374		329,170
Loans: individually evaluated for impairment	2,365		1,834
Total	446,739		331,004
Reported Value Measurement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans: collectively evaluated for impairment	5,078,637		5,016,606
Loans: individually evaluated for impairment	72,881		73,084
Total	5,156,813		5,093,747
Fair value of loans held for investment	5,133,813		5,071,314
Estimate of Fair Value Measurement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	5,285,639		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	5,285,639		5,099,960
Recurring [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	5,295		4,057
Recurring [Member] | Level 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of loans held for investment	5,295		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	5,295		4,057
Real Estate Sector [Member] | Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	22,978		20,789
Allowance: individually evaluated for impairment	0		0
Allowance for credit losses	22,978	22,905	20,789	19,919	18,986	17,327
Loans: collectively evaluated for impairment	2,476,119		2,403,269
Loans: individually evaluated for impairment	1,355		1,218
Total	2,477,474		2,404,487
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance: collectively evaluated for impairment	6,943		6,069
Allowance: individually evaluated for impairment	8		126
Allowance for credit losses	6,951	$ 6,620	6,195	$ 5,882	$ 6,056	$ 5,296
Loans: collectively evaluated for impairment	918,723		757,108
Loans: individually evaluated for impairment	4,666		3,054
Total	$ 923,389		$ 760,162

LOANS AND CREDIT QUALITY - Impa

LOANS AND CREDIT QUALITY - Impaired Loans by Loan Class (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	$ 70,379	$ 71,237
Recorded investment with related allowance recorded	2,502	1,847
Total recorded investment	72,881	73,084
Unpaid principal balance with no related allowance recorded	71,563	73,113
Unpaid principal balance with related allowance recorded	2,533	1,847
Total unpaid principal balance	74,096	74,960
Related allowance	129	233
Consumer loans [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	64,875	67,468
Recorded investment with related allowance recorded	1,985	1,344
Total recorded investment	66,860	68,812
Unpaid principal balance with no related allowance recorded	65,339	68,265
Unpaid principal balance with related allowance recorded	1,985	1,344
Total unpaid principal balance	67,324	69,609
Related allowance	121	107
Consumer loans [Member] | Single family [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	64,316	66,725
Recorded investment with related allowance recorded	1,505	850
Total recorded investment	65,821	67,575
Unpaid principal balance with no related allowance recorded	64,754	67,496
Unpaid principal balance with related allowance recorded	1,505	850
Total unpaid principal balance	66,259	68,346
Related allowance	84	66
Performing TDRs	63,800	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	559	743
Recorded investment with related allowance recorded	480	494
Total recorded investment	1,039	1,237
Unpaid principal balance with no related allowance recorded	585	769
Unpaid principal balance with related allowance recorded	480	494
Total unpaid principal balance	1,065	1,263
Related allowance	37	41
Commercial loans [Member] | Multifamily [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded		492
Total recorded investment		492
Unpaid principal balance with no related allowance recorded		492
Total unpaid principal balance		492
Related allowance		0
Commercial loans [Member] | Construction/land development [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	1,355	726
Total recorded investment	1,355	726
Unpaid principal balance with no related allowance recorded	1,355	726
Total unpaid principal balance	1,355	726
Related allowance	0	0
Commercial 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	2,301	1,220
Total recorded investment	2,301	1,220
Unpaid principal balance with no related allowance recorded	2,369	1,543
Total unpaid principal balance	2,369	1,543
Related allowance	0	0
Commercial loans [Member] | Commercial business [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	1,848	1,331
Recorded investment with related allowance recorded	517	503
Total recorded investment	2,365	1,834
Unpaid principal balance with no related allowance recorded	2,500	2,087
Unpaid principal balance with related allowance recorded	548	503
Total unpaid principal balance	3,048	2,590
Related allowance	8	126
Real Estate Sector [Member] | Commercial loans [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	1,355	1,218
Total recorded investment	1,355	1,218
Unpaid principal balance with no related allowance recorded	1,355	1,218
Total unpaid principal balance	1,355	1,218
Related allowance	0	0
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Impaired loans by loan portfolio segment and loan class [Abstract]
Recorded investment with no related allowance recorded	4,149	2,551
Recorded investment with related allowance recorded	517	503
Total recorded investment	4,666	3,054
Unpaid principal balance with no related allowance recorded	4,869	3,630
Unpaid principal balance with related allowance recorded	548	503
Total unpaid principal balance	5,417	4,133
Related allowance	$ 8	$ 126

LOANS AND CREDIT QUALITY - Aver

LOANS AND CREDIT QUALITY - Average Recorded Investment in Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 73,363	$ 72,472	$ 76,176	$ 76,478
Interest Income Recognized	685	732	2,289	2,224
Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	68,858	68,010	69,293	70,651
Interest Income Recognized	676	673	2,134	2,021
Consumer loans [Member] | Single family [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	67,814	66,754	68,181	69,384
Interest Income Recognized	662	653	2,088	1,963
Consumer loans [Member] | Home equity and other [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,044	1,256	1,112	1,267
Interest Income Recognized	14	20	46	58
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment			3	0
Interest Income Recognized			0	0
Commercial loans [Member] | Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	242	640	366	722
Interest Income Recognized	0	6	14	18
Commercial loans [Member] | Construction/land development [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	677	677	1,689	600
Interest Income Recognized	0	6	0	17
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,744	1,250	2,936	2,085
Interest Income Recognized	0	19	112	74
Commercial loans [Member] | Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	1,842	1,895	1,889	2,420
Interest Income Recognized	9	28	29	94
Real Estate Sector [Member] | Commercial loans [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	919	1,317	2,058	1,322
Interest Income Recognized	0	12	14	35
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,586	3,145	4,825	4,505
Interest Income Recognized	$ 9	$ 47	$ 141	$ 168

LOANS AND CREDIT QUALITY - Lo_2

LOANS AND CREDIT QUALITY - Loan Grades by Loan Portfolio (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	$ 5,156,813,000	$ 5,093,747,000
Fair value of loans held for investment	5,295,000	4,057,000
Recurring [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Fair value of loans held for investment	5,295,000	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	5,295,000	4,057,000
Consumer loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,755,950,000	1,929,098,000
Consumer loans [Member] | Single family [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,188,159,000	1,358,175,000
Consumer loans [Member] | Home equity and other [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	567,791,000	570,923,000
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	794,863,000	701,928,000
Commercial loans [Member] | Multifamily [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	920,279,000	908,015,000
Commercial loans [Member] | Construction/land development [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	762,332,000	794,544,000
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	476,650,000	429,158,000
Commercial loans [Member] | Commercial business [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	446,739,000	331,004,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	5,156,813,000	5,093,747,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	4,999,174,000	4,964,980,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	80,536,000	66,819,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	60,186,000	42,800,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	16,917,000	19,148,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Doubtful [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Loss [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,755,950,000	1,929,098,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,737,907,000	1,907,395,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,777,000	2,977,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	8,804,000	9,285,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	6,462,000	9,441,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Single family [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,188,159,000	1,358,175,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Single family [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,172,275,000	1,338,025,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Single family [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,417,000	2,882,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Single family [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	7,992,000	8,775,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Single family [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	5,475,000	8,493,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Home equity and other [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	567,791,000	570,923,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Home equity and other [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	565,632,000	569,370,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Home equity and other [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	360,000	95,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Home equity and other [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	812,000	510,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans [Member] | Home equity and other [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	987,000	948,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	794,863,000	701,928,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Non-owner occupied commercial real estate [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	791,964,000	695,077,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Non-owner occupied commercial real estate [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,899,000	1,426,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial 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
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial 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
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Multifamily [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	920,279,000	908,015,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Multifamily [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	915,452,000	903,897,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Multifamily [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	4,827,000	3,626,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Multifamily [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	492,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Multifamily [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	0	0
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Construction/land development [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	762,332,000	794,544,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Construction/land development [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	727,673,000	767,113,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Construction/land development [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	14,208,000	21,531,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Construction/land development [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	19,096,000	1,084,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Construction/land development [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,355,000	4,816,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Owner occupied commercial real estate [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	476,650,000	429,158,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Owner occupied commercial real estate [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	435,811,000	392,273,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Owner occupied commercial real estate [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	22,647,000	22,928,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Owner occupied commercial real estate [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	12,685,000	11,087,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Owner occupied commercial real estate [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	5,507,000	2,870,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Commercial business [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	446,739,000	331,004,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Commercial business [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	390,367,000	299,225,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Commercial business [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	33,178,000	14,331,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Commercial business [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	19,601,000	15,427,000
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Commercial business [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	3,593,000	2,021,000
Real Estate Sector [Member] | Commercial loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,477,474,000	2,404,487,000
Real Estate Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,477,474,000	2,404,487,000
Real Estate Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	2,435,089,000	2,366,087,000
Real Estate Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	21,934,000	26,583,000
Real Estate Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	19,096,000	7,001,000
Real Estate Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	1,355,000	4,816,000
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	923,389,000	760,162,000
Commercial and Industrial Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	923,389,000	760,162,000
Commercial and Industrial Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Pass [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	826,178,000	691,498,000
Commercial and Industrial Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Watch [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	55,825,000	37,259,000
Commercial and Industrial Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Special mention [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	32,286,000	26,514,000
Commercial and Industrial Sector [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial loans [Member] | Substandard [Member]
Designated Loan Grades by Loan Portfolio Segment and Loan Class [Abstract]
Total loans	$ 9,100,000	$ 4,891,000

LOANS AND CREDIT QUALITY - Agin

LOANS AND CREDIT QUALITY - Aging Analysis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total past due	$ 45,104	$ 64,358
Current	5,111,709	5,029,389
Total loans	5,156,813	5,093,747
90-days or more past due and still accruing	21,590	39,116
Fair value of loans held for investment	5,295	4,057
Recurring [Member]
Financing Receivable, Past Due [Line Items]
Fair value of loans held for investment	5,295	4,057
Level 3 [Member] | Recurring [Member]
Financing Receivable, Past Due [Line Items]
Fair value of loans held for investment	5,295	4,057
30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	7,749	9,870
60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	3,332	3,753
90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	34,023	50,735
Consumer loans [Member]
Financing Receivable, Past Due [Line Items]
Total past due	37,978	62,180
Current	1,717,972	1,866,918
Total loans	1,755,950	1,929,098
90-days or more past due and still accruing	21,590	39,116
Consumer loans [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	6,594	9,870
Consumer loans [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	3,332	3,753
Consumer loans [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	28,052	48,557
Consumer loans [Member] | Single family [Member]
Financing Receivable, Past Due [Line Items]
Total past due	36,484	60,987
Current	1,151,675	1,297,188
Total loans	1,188,159	1,358,175
90-days or more past due and still accruing	21,590	39,116
Consumer loans [Member] | Single family [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	6,447	9,725
Consumer loans [Member] | Single family [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	2,972	3,653
Consumer loans [Member] | Single family [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	27,065	47,609
Consumer loans [Member] | Home equity and other [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,494	1,193
Current	566,297	569,730
Total loans	567,791	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, Past Due [Line Items]
Total past due	147	145
Consumer loans [Member] | Home equity and other [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	360	100
Consumer loans [Member] | Home equity and other [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	987	948
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Current	794,863	701,928
Total loans	794,863	701,928
90-days or more past due and still accruing	0	0
Commercial loans [Member] | Non-owner occupied commercial real estate [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Non-owner occupied commercial real estate [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Non-owner occupied commercial real estate [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Current	920,279	908,015
Total loans	920,279	908,015
90-days or more past due and still accruing	0	0
Commercial loans [Member] | Multifamily [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Multifamily [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Multifamily [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Construction/land development [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,355	72
Current	760,977	794,472
Total loans	762,332	794,544
90-days or more past due and still accruing	0	0
Commercial loans [Member] | Construction/land development [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Construction/land development [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Construction/land development [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,355	72
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Total past due	3,411	374
Current	473,239	428,784
Total loans	476,650	429,158
90-days or more past due and still accruing	0	0
Commercial loans [Member] | Owner occupied commercial real estate [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,110	0
Commercial loans [Member] | Owner occupied commercial real estate [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Owner occupied commercial real estate [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	2,301	374
Commercial loans [Member] | Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Total past due	2,360	1,732
Current	444,379	329,272
Total loans	446,739	331,004
90-days or more past due and still accruing	0	0
Commercial loans [Member] | Commercial business [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	45	0
Commercial loans [Member] | Commercial business [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial loans [Member] | Commercial business [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	2,315	1,732
Real Estate Sector [Member] | Commercial loans [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,355	72
Current	2,476,119	2,404,415
Total loans	2,477,474	2,404,487
90-days or more past due and still accruing	0	0
Real Estate Sector [Member] | Commercial loans [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Real Estate Sector [Member] | Commercial loans [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Real Estate Sector [Member] | Commercial loans [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,355	72
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Financing Receivable, Past Due [Line Items]
Total past due	5,771	2,106
Current	917,618	758,056
Total loans	923,389	760,162
90-days or more past due and still accruing	0	0
Commercial and Industrial Sector [Member] | Commercial loans [Member] | 30 to 59 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	1,155	0
Commercial and Industrial Sector [Member] | Commercial loans [Member] | 60 to 89 days past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	0	0
Commercial and Industrial Sector [Member] | Commercial loans [Member] | 90 days or more past due [Member]
Financing Receivable, Past Due [Line Items]
Total past due	$ 4,616	$ 2,106

LOANS AND CREDIT QUALITY - Perf

LOANS AND CREDIT QUALITY - Performing and Nonaccrual (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Accrual	$ 5,144,380	$ 5,082,128
Nonaccrual	12,433	11,619
Total loans	5,156,813	5,093,747
Fair value of loans held for investment	5,295	4,057
Recurring [Member]
Financing Receivable, Past Due [Line Items]
Fair value of loans held for investment	5,295	4,057
Level 3 [Member] | Recurring [Member]
Financing Receivable, Past Due [Line Items]
Fair value of loans held for investment	5,295	4,057
Consumer loans [Member]
Financing Receivable, Past Due [Line Items]
Accrual	1,749,488	1,919,657
Nonaccrual	6,462	9,441
Total loans	1,755,950	1,929,098
Consumer loans [Member] | Single family [Member]
Financing Receivable, Past Due [Line Items]
Accrual	1,182,684	1,349,682
Nonaccrual	5,475	8,493
Total loans	1,188,159	1,358,175
Consumer loans [Member] | Home equity and other [Member]
Financing Receivable, Past Due [Line Items]
Accrual	566,804	569,975
Nonaccrual	987	948
Total loans	567,791	570,923
Commercial loans [Member] | Non-owner occupied commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Accrual	794,863	701,928
Nonaccrual	0	0
Total loans	794,863	701,928
Commercial loans [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Accrual	920,279	908,015
Nonaccrual	0	0
Total loans	920,279	908,015
Commercial loans [Member] | Construction/land development [Member]
Financing Receivable, Past Due [Line Items]
Accrual	760,977	794,472
Nonaccrual	1,355	72
Total loans	762,332	794,544
Commercial loans [Member] | Owner occupied commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Accrual	474,349	428,784
Nonaccrual	2,301	374
Total loans	476,650	429,158
Commercial loans [Member] | Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Accrual	444,424	329,272
Nonaccrual	2,315	1,732
Total loans	446,739	331,004
Real Estate Sector [Member] | Commercial loans [Member]
Financing Receivable, Past Due [Line Items]
Accrual	2,476,119	2,404,415
Nonaccrual	1,355	72
Total loans	2,477,474	2,404,487
Commercial and Industrial Sector [Member] | Commercial loans [Member]
Financing Receivable, Past Due [Line Items]
Accrual	918,773	758,056
Nonaccrual	4,616	2,106
Total loans	$ 923,389	$ 760,162

LOANS AND CREDIT QUALITY - TDRs

LOANS AND CREDIT QUALITY - TDRs (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	27	44	128	123
Recorded investment - TDR	$ 6,532	$ 9,228	$ 37,180	$ 25,887
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Interest rate reduction [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	6	2	13	15
Recorded investment - TDR	$ 1,112	$ 374	$ 2,386	$ 2,836
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	21	42	115	108
Recorded investment - TDR	$ 5,420	$ 8,854	$ 34,794	$ 23,051
Related charge-offs - TDR	$ 0	$ 0	$ 0	$ 0
Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan	27	44	125	121
Recorded investment - TDR	$ 6,532	$ 9,228	$ 26,406	$ 25,620
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	6	2	13	15
Recorded investment - TDR	$ 1,112	$ 374	$ 2,386	$ 2,836
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	21	42	112	106
Recorded investment - TDR	$ 5,420	$ 8,854	$ 24,020	$ 22,784
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	6	2	13	15
Recorded investment - TDR	$ 1,112	$ 374	$ 2,386	$ 2,836
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	21	42	111	106
Recorded investment - TDR	$ 5,420	$ 8,854	$ 23,904	$ 22,784
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
Recorded investment - TDR			$ 116
Related charge-offs - TDR			$ 0
Commercial loans [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan				2
Recorded investment - TDR				$ 267
Related charge-offs - TDR				$ 0
Commercial 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 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 loans [Member] | Commercial business [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			1
Recorded investment - TDR			$ 259
Related charge-offs - TDR			$ 0
Real Estate Sector [Member] | Commercial loans [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			1
Recorded investment - TDR			$ 4,675
Related charge-offs - TDR			$ 0
Real Estate Sector [Member] | Commercial 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 and Industrial Sector [Member] | Commercial loans [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			2	2
Recorded investment - TDR			$ 6,099	$ 267
Related charge-offs - TDR			$ 0	$ 0
Commercial and Industrial Sector [Member] | Commercial loans [Member] | Payment restructure [Member]
Financing Receivable, Impaired [Line Items]
Number of loan modifications - TDR | loan			2
Recorded investment - TDR			$ 6,099
Related charge-offs - TDR			$ 0
Commercial and Industrial Sector [Member] | Commercial 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

LOANS AND CREDIT QUALITY - TDR

LOANS AND CREDIT QUALITY - TDR Re-defaults (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)loan
Financing Receivable, Troubled Debt Restructuring [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	3	6	9	18
Recorded investment | $	$ 643	$ 988	$ 1,873	$ 3,267
Consumer loans [Member] | Single family [Member]
TDR balances which have subsequently re-defaulted
Number of TDR loan relationships that re-defaulted | loan	3	6	9	18
Recorded investment | $	$ 643	$ 988	$ 1,873	$ 3,267

DEPOSITS - Schedule of Deposit

DEPOSITS - Schedule of Deposit Balances (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Deposit balances, including stated rates
Noninterest-bearing accounts	$ 952,380,000	$ 914,154,000
NOW accounts, 0.00% to 1.44% at September 30, 2019 and December 31, 2018	421,750,000	376,137,000
Statement savings accounts, due on demand, 0.05% to 1.13% at September 30, 2019 and December 31, 2018	220,401,000	245,795,000
Money market accounts, due on demand, 0.00% to 3.43% at September 30, 2019 and 0.00% to 2.40% at December 31, 2018	2,073,907,000	1,935,516,000
Certificates of deposit, 0.10% to 3.06% at September 30, 2019 and 0.10% to 3.80% at December 31, 2018	2,135,869,000	1,579,806,000
Deposits, Total	5,804,307,000	5,051,408,000
Short-term Debt [Line Items]
Noninterest-bearing accounts, discontinued operations	$ 0	$ 162,800,000
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)	3.43%	2.40%
Weighted Average Rate, Certificates of deposit (as a percent)	3.06%	3.80%

DEPOSITS - Schedule of Interest

DEPOSITS - Schedule of Interest expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest expense on deposits
NOW accounts	$ 371	$ 416	$ 1,140	$ 1,286
Statement savings accounts	121	197	407	643
Money market accounts	7,129	4,481	19,822	12,003
Certificates of deposit	12,972	6,192	30,476	14,704
Interest expense on deposits, Total	20,593	$ 11,286	51,845	$ 28,636
Disposal Group, Including Discontinued Operation, Interest Expense	$ 91		$ 91

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Weighted-average interest rate on certificates of deposit (as a percent)	2.27%	1.87%
Time deposits, at or above FDIC insurance limit	$ 231.2	$ 85.3
Brokered deposits	$ 739	$ 786.1

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Certificates of deposit outstanding
Within one year	$ 1,737,262
One to two years	309,166
Two to three years	57,857
Three to four years	16,065
Four to five years	15,485
Thereafter	34
Total	$ 2,135,869	$ 1,579,806

DERIVATIVES AND HEDGING ACTIV_3

DERIVATIVES AND HEDGING ACTIVITIES - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivative [Line Items]
Derivatives designated as a hedging instrument	$ 0		$ 0		$ 0
Notional amount of open interest rate swap agreements	4,091,977,000		4,091,977,000		5,698,157,000
Interest rate swaps, back-to-back [Member]
Derivative [Line Items]
Notional amount of open interest rate swap agreements	77,800,000		77,800,000		$ 2,600,000
Mark-to-market losses recorded	$ 115,000	$ 0	$ 149,000	$ 0

DERIVATIVES AND HEDGING ACTIV_4

DERIVATIVES AND HEDGING ACTIVITIES - Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional amount	$ 4,091,977	$ 5,698,157
Derivatives before netting, derivative assets	43,852	28,083
Netting adjustments, derivative assets	(14,981)	(8,329)
Derivative assets	28,871	19,754
Derivatives before netting, derivative Liabilities	(16,951)	(17,004)
Netting adjustments, derivative liabilities	16,532	12,517
Derivative liabilities	(419)	(4,487)
Concentration of credit risk, master netting arrangements [Member]
Derivatives, Fair Value [Line Items]
Cash collateral, as part of netting adjustment	1,600	4,200
Forward sale commitments [Member]
Derivatives, Fair Value [Line Items]
Notional amount	1,509,784	1,334,947
Derivatives before netting, derivative assets	3,026	3,025
Derivatives before netting, derivative Liabilities	(2,180)	(5,340)
Interest rate swaptions [Member]
Derivatives, Fair Value [Line Items]
Notional amount		34,000
Derivatives before netting, derivative assets		203
Derivatives before netting, derivative Liabilities		0
Interest rate lock and purchase loan commitments [Member]
Derivatives, Fair Value [Line Items]
Notional amount	287,806	390,558
Derivatives before netting, derivative assets	4,239	10,289
Derivatives before netting, derivative Liabilities	(203)	(5)
Interest rate swaps [Member]
Derivatives, Fair Value [Line Items]
Notional amount	633,387	803,652
Derivatives before netting, derivative assets	36,563	14,566
Derivatives before netting, derivative Liabilities	(14,568)	(11,549)
Eurodollar futures [Member]
Derivatives, Fair Value [Line Items]
Notional amount	1,661,000	3,135,000
Derivatives before netting, derivative assets	24	0
Derivatives before netting, derivative Liabilities	$ 0	$ (110)

DERIVATIVES AND HEDGING ACTIV_5

DERIVATIVES AND HEDGING ACTIVITIES - Master Netting Agreements (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Gross fair value, derivative assets	$ 43,852	$ 28,083
Netting adjustments, derivative assets	(14,981)	(8,329)
Derivative assets	28,871	19,754
Securities pledged, derivative assets	0	0
Net amount - derivative assets	28,871	19,754
Derivatives before netting, derivative Liabilities	(16,951)	(17,004)
Netting adjustments, derivative liabilities	16,532	12,517
Derivative liabilities	(419)	(4,487)
Securities pledged, derivative liabilities	0	3,223
Net amount, derivative liabilities	(419)	(1,264)
Concentration of credit risk, master netting arrangements [Member]
Derivative [Line Items]
Cash collateral, as part of netting adjustment	$ 1,600	$ 4,200

DERIVATIVES AND HEDGING ACTIV_6

DERIVATIVES AND HEDGING ACTIVITIES - Gain (Loss) Recognized in Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Loans [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	$ (6,884)	$ (4,760)	$ (17,983)	$ 12,322
Servicing contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	9,040	(9,446)	19,917	(52,611)
Other Credit Derivatives [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	115	0	149	0
Mortgages [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized on derivatives, including economic hedge	$ 2,271	$ (14,206)	$ 2,083	$ (40,289)

MORTGAGE BANKING OPERATIONS - L

MORTGAGE BANKING OPERATIONS - Loans Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 244,171	$ 347,007
Loans held for sale, discontinued operations	71,200	269,700
Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	158,931	321,868
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 85,240	$ 25,139

MORTGAGE BANKING OPERATIONS -_2

MORTGAGE BANKING OPERATIONS - Loans Sold (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 1,164,443	$ 1,882,565	$ 3,939,089	$ 5,411,198
Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	893,959	1,724,697	3,352,872	5,043,769
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of loans originated as held for sale	$ 270,484	$ 157,868	$ 586,217	$ 367,429

MORTGAGE BANKING OPERATIONS - G

MORTGAGE BANKING OPERATIONS - Gain on Sale (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	$ 16,321	$ 44,571	$ 90,791	$ 149,939
Net gains on mortgage loan origination and sales activities, discontinued operations	370	40,400	60,100	142,000
Single family [Member]
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	9,628	40,335	78,612	141,458
Commercial loans [Member]
Gain on mortgage loan origination and sale activities [Line Items]
Gain on loan origination and sale activities	$ 6,693	$ 4,236	$ 12,179	$ 8,481

MORTGAGE BANKING OPERATIONS -_3

MORTGAGE BANKING OPERATIONS - Loans Serviced for Others (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 8,590,979	$ 21,694,212
Single family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	7,014,265	20,151,735
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced for others	$ 1,576,714	$ 1,542,477

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Mortgage Repurchase Losses [Roll Forward]
Balance, beginning of period	$ 3,237	$ 2,504	$ 3,120	$ 3,015
Additions, net of adjustments	(22)	643	482	1,248
Realized losses	(28)	(273)	(415)	(1,389)
Balance, end of period	$ 3,187	$ 2,874	$ 3,187	$ 2,874

MORTGAGE BANKING OPERATIONS - N

MORTGAGE BANKING OPERATIONS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019	Mar. 29, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Servicing advances	$ 3,000		$ 3,000				$ 2,500
Pre-tax loss due to discontinued operations	(7,501)	$ 11,562	$ (22,193)	$ 52,880
Multifamily DUS [Member]
Financing Receivable, Impaired [Line Items]
Expected weighted average life of MSR			10 years 7 months 2 days
Early buyout loans [Member]
Financing Receivable, Impaired [Line Items]
Loans receivable, in Ginnie Mae pool	11,200		$ 11,200				$ 37,700
Single family residential mortgage servicing rights [Member]
Financing Receivable, Impaired [Line Items]
Pre-tax loss due to discontinued operations	$ 333		$ (941)	$ 573
Single family [Member] | Agency debentures [Member]
Financing Receivable, Impaired [Line Items]
Mortgage servicing rights, unpaid principal balance, sold					$ 14,260,000	$ 14,260,000
Percentage of loan portfolio sold							71.00%

MORTGAGE BANKING OPERATIONS - R

MORTGAGE BANKING OPERATIONS - Revenue from Mortgage Servicing (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Servicing fees and other	$ 7,454	$ 15,046	$ 30,877	$ 51,882
Changes in fair value of single family MSRs due to modeled amortization	(4,489)	(8,300)	(16,894)	(26,570)
Amortization of multifamily and SBA MSRs	(1,315)	(1,034)	(3,793)	(3,147)
Net servicing income	1,650	5,712	10,190	22,165
Changes in fair value of MSR due to changes in market inputs and/or model updates	(7,501)	11,562	(22,193)	52,880
Mortgage servicing rights, risk management	1,539	2,116	(2,276)	269
Loan servicing income	3,189	7,828	7,914	22,434
MSR transaction costs, discontinued operations	502	6,900	2,000	19,600
Servicing contracts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net (loss) gain from derivatives economically hedging MSR	(9,040)	$ 9,446	(19,917)	52,611
Single family residential mortgage servicing rights [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Changes in fair value of MSR due to changes in market inputs and/or model updates	$ 333		$ (941)	$ 573

MORTGAGE BANKING OPERATIONS - K

MORTGAGE BANKING OPERATIONS - Key Economic Assumptions (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Constant prepayment rate [Member]
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	18.86%	17.19%	18.82%	15.54%
Discount rate [Member]
Fair Value Measurement Inputs and Valuation Techniques
Servicing asset, measurement input	8.96%	10.29%	9.39%	10.27%

MORTGAGE BANKING OPERATIONS - S

MORTGAGE BANKING OPERATIONS - Sensitivity Analysis (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Fair value of mortgage servicing rights	$ 61,823	$ 75,047
Expected weighted-average life	4 years 18 days
Impact on fair value of 25 basis points adverse change in interest rates	$ (4,234)
Impact on fair value of 50 basis points adverse change in interest rates	(7,956)
Impact on fair value of 100 basis points increase	(1,718)
Impact on fair value of 200 basis points increase	$ (3,331)
Single Family [Member] | Weighted average [Member] | Measurement Input, Constant Prepayment Rate [Member]
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.2050
Single Family [Member] | Weighted average [Member] | Discount rate [Member]
Key economic assumptions and the sensitivity of the current fair value for single family MSRs
Measurement input (as a percent)	0.0900

MORTGAGE BANKING OPERATIONS -_4

MORTGAGE BANKING OPERATIONS - Single Family MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance			$ 75,047
Additions and amortization:
Changes due to modeled amortization	$ 4,489	$ 8,300	16,894	$ 26,570
Changes in fair value of MSR due to changes in market inputs and/or model updates	(7,501)	11,562	(22,193)	52,880
Ending balance	61,823		61,823
Single family [Member]
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance	67,723	245,744	252,168	258,560
Additions and amortization:
Originations	6,422	14,525	23,893	45,551
Sale of single family MSRs	0	(12)	(176,944)	(66,902)
Changes due to modeled amortization	(4,489)	(8,300)	(16,894)	(26,570)
Net additions and amortization	1,933	6,213	(169,945)	(47,921)
Changes in fair value of MSR due to changes in market inputs and/or model updates	(7,833)	11,665	(20,400)	52,983
Ending balance	$ 61,823	$ 263,622	$ 61,823	$ 263,622

MORTGAGE BANKING OPERATIONS -_5

MORTGAGE BANKING OPERATIONS - Multifamily MSR Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Servicing Asset at Amortized Value, Balance [Roll Forward]
Beginning balance	$ 27,227	$ 26,460	$ 28,326	$ 26,093
Origination	2,770	2,657	3,931	5,000
Amortization	(1,196)	(981)	(3,456)	(2,957)
Ending balance	$ 28,801	$ 28,136	$ 28,801	$ 28,136

MORTGAGE BANKING OPERATIONS -_6

MORTGAGE BANKING OPERATIONS - MSR Projected Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Projected Amortization Expense [Abstract]
Remainder of 2019	$ 1,028
2020	4,068
2021	3,953
2022	3,734
2023	3,516
2024	3,241
2025 and thereafter	9,261
Carrying value of multifamily MSR	$ 28,801	$ 27,227	$ 28,326	$ 28,136	$ 26,460	$ 26,093

COMMITMENTS, GUARANTEES, AND _2

COMMITMENTS, GUARANTEES, AND CONTINGENCIES - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)claim	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)claim	Sep. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Unfunded loan commitments	$ 36,700,000		$ 36,700,000			$ 33,800,000
Allowance for unfunded commitments	$ 1,200,000	$ 1,400,000	$ 1,200,000	$ 1,400,000		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	$ 7,090,000,000		$ 7,090,000,000			20,240,000,000
Reserve liability related to mortgage repurchase	3,187,000	2,874,000	3,187,000	2,874,000	$ 3,237,000	3,120,000	$ 2,504,000	$ 3,015,000
Undisbursed construction loan funds [Member]
Loss Contingencies [Line Items]
Unfunded commitment balance of loans sold on a servicing-retained basis	400,700,000		400,700,000			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	750,400,000		750,400,000			662,100,000
Loss sharing relationship [Member]
Loss Contingencies [Line Items]
Reserve liability related to multifamily DUS program	2,600,000		2,600,000			2,500,000
Loss sharing relationship [Member] | Multifamily [Member]
Loss Contingencies [Line Items]
UPB of loans sold through DUS	1,500,000,000		1,500,000,000			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	Sep. 30, 2019	Dec. 31, 2018
Assets:
Investment securities available for sale	$ 862,339	$ 851,968
Fair value of loans held for sale	87,717	52,186
Fair value of loans held for investment	5,295	4,057
Single family mortgage servicing rights	61,823	75,047
Derivative assets	28,871	19,754
Liabilities:
Derivative liabilities	419	4,487
Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	109,581	107,961
Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	29,836	34,514
Municipal bonds [Member]
Assets:
Investment securities available for sale	380,094	385,655
Corporate debt securities [Member]
Assets:
Investment securities available for sale	18,768	19,995
Agency debentures [Member]
Assets:
Investment securities available for sale	25,220	9,525
Recurring [Member]
Assets:
Fair value of loans held for sale	158,931	321,868
Fair value of loans held for investment	5,295	4,057
Single family mortgage servicing rights	61,823	252,168
Total assets	1,132,240	1,458,144
Liabilities:
Total liabilities	16,951	17,005
Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	109,581	107,961
Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	29,836	34,514
Recurring [Member] | Collateralized mortgage obligations residential [Member]
Assets:
Investment securities available for sale	187,989	166,744
Recurring [Member] | Collateralized mortgage obligations commercial [Member]
Assets:
Investment securities available for sale	109,543	116,674
Recurring [Member] | Municipal bonds [Member]
Assets:
Investment securities available for sale	380,094	385,655
Recurring [Member] | Corporate debt securities [Member]
Assets:
Investment securities available for sale	18,768	19,995
Recurring [Member] | US treasury securities [Member]
Assets:
Investment securities available for sale	1,308	10,900
Recurring [Member] | Agency debentures [Member]
Assets:
Investment securities available for sale	25,220	9,525
Recurring [Member] | Eurodollar futures [Member]
Assets:
Derivative assets	24
Liabilities:
Derivative liabilities		110
Recurring [Member] | Forward sale commitments [Member]
Assets:
Derivative assets	3,026	3,025
Liabilities:
Derivative liabilities	2,180	5,340
Recurring [Member] | Interest rate swaptions [Member]
Assets:
Derivative assets		203
Recurring [Member] | Interest rate lock and purchase loan commitments [Member]
Assets:
Derivative assets	4,239	10,289
Liabilities:
Derivative liabilities	203	5
Recurring [Member] | Interest rate swaps [Member]
Assets:
Derivative assets	36,563	14,566
Liabilities:
Derivative liabilities	14,568	11,550
Level 1 [Member] | Recurring [Member]
Assets:
Fair value of loans held for sale	0	0
Fair value of loans held for investment	0	0
Single family mortgage servicing rights	0	0
Total assets	24	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	24
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
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:
Fair value of loans held for sale	152,854	319,177
Fair value of loans held for investment	0	0
Single family mortgage servicing rights	0	0
Total assets	1,052,758	1,188,939
Liabilities:
Total liabilities	16,748	16,890
Level 2 [Member] | Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	107,647	107,961
Level 2 [Member] | Recurring [Member] | Commercial mortgage-backed securities [Member]
Assets:
Investment securities available for sale	29,836	34,514
Level 2 [Member] | Recurring [Member] | Collateralized mortgage obligations residential [Member]
Assets:
Investment securities available for sale	187,989	166,744
Level 2 [Member] | Recurring [Member] | Collateralized mortgage obligations commercial [Member]
Assets:
Investment securities available for sale	109,543	116,674
Level 2 [Member] | Recurring [Member] | Municipal bonds [Member]
Assets:
Investment securities available for sale	380,094	385,655
Level 2 [Member] | Recurring [Member] | Corporate debt securities [Member]
Assets:
Investment securities available for sale	18,678	19,995
Level 2 [Member] | Recurring [Member] | US treasury securities [Member]
Assets:
Investment securities available for sale	1,308	10,900
Level 2 [Member] | Recurring [Member] | Agency debentures [Member]
Assets:
Investment securities available for sale	25,220	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	3,026	3,025
Liabilities:
Derivative liabilities	2,180	5,340
Level 2 [Member] | Recurring [Member] | Interest rate swaptions [Member]
Assets:
Derivative assets		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	36,563	14,566
Liabilities:
Derivative liabilities	14,568	11,550
Level 3 [Member] | Recurring [Member]
Assets:
Investment securities available for sale	2,024
Fair value of loans held for sale	6,077	2,691
Fair value of loans held for investment	5,295	4,057
Single family mortgage servicing rights	61,823	252,168
Total assets	79,458	269,205
Liabilities:
Total liabilities	203	5
Level 3 [Member] | Recurring [Member] | Residential mortgage-backed securities [Member]
Assets:
Investment securities available for sale	1,934	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	90	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
Level 3 [Member] | Recurring [Member] | Interest rate lock and purchase loan commitments [Member]
Assets:
Derivative assets	4,239	10,289
Liabilities:
Derivative liabilities	203	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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 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	5,295,000		5,295,000		$ 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	5,295,000		5,295,000		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	$ 5,295,000		$ 5,295,000		$ 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 ($)	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	$ 862,339,000		$ 851,968,000
Decrease in investment securities held to maturity	(4,397,000)		$ (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	$ 2,024,000
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	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair value option	$ 5,295	$ 4,057
Loans held for sale, fair value option	87,717	52,186
Recurring [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair value option	5,295	4,057
Loans held for sale, fair value option	158,931	321,868
Recurring [Member] | Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques
Loans held for investment, fair value option	5,295	4,057
Loans held for sale, fair value option	$ 6,077	$ 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	0.0434	0.0334
Loans held for sale, fair value inputs	0.0571	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	0.0701	0.0515
Loans held for sale, fair value inputs	0.0671	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	0.0530	0.0420
Loans held for sale, fair value inputs	0.0607	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	(0.0010)	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	(0.0008)	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	(0.0009)	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	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 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	$ 4,036	$ 8,624	$ 10,284	$ 10,397	$ 16,866	$ 12,925
Level 3 [Member] | Recurring [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate lock and purchase loan commitments, net, fair value	$ 4,036		$ 10,284
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	0.6368		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	0.1262		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	0.0051		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	0.0162		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	0.0112		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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Mar. 31, 2019	Dec. 31, 2018
Fair Value Changes and Activity for Level 3 [Roll Forward]
Decrease in investment securities held to maturity	$ (4,397)		$ (4,397)			$ (71,285)
Investment securities available for sale	862,339		862,339			$ 851,968
Available-for-sale Securities [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	1,981		0
Additions	0		0
Transfers	0		2,379
Payoffs/Sales/Settlements	(40)		(120)
Change in mark to market/Realized/unrealized gains (losses)	83		(235)
Ending balance	2,024		2,024
Loans held for sale [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	4,427	$ 1,823	2,691	$ 1,336
Additions	2,393	0	5,060	2,601
Transfers	0	0	0	0
Payoffs/Sales/Settlements	686	0	(1,595)	(1,998)
Change in mark to market/Realized/unrealized gains (losses)	(57)	(30)	(79)	(146)
Ending balance	6,077	1,793	6,077	1,793
Loans held for investment [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	4,475	4,178	4,057	5,477
Additions	789	0	1,788	0
Transfers	0	0	0	0
Payoffs/Sales/Settlements	0	(2)	(606)	(1,116)
Change in mark to market/Realized/unrealized gains (losses)	31	(86)	56	(271)
Ending balance	5,295	4,090	5,295	4,090
Interest rate lock and purchase loan commitments [Member]
Fair Value Changes and Activity for Level 3 [Roll Forward]
Beginning balance	8,624	16,866	10,284	12,925
Payoffs/Sales/Settlements	(5,831)	(32,996)	(40,903)	(80,135)
Change in mark to market/Realized/unrealized gains (losses)	1,243	26,527	34,655	77,607
Ending balance	$ 4,036	$ 10,397	$ 4,036	$ 10,397
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	$ 862,339		$ 862,339		$ 851,968
Total Gains (Losses)			193	$ (35)
Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment	266	$ 1,213	266	1,213
Total Gains (Losses)	(2)	(68)	(2)	(212)
Total assets	266	1,213	266	1,213
Total Gains (Losses)	(2)	(68)	(2)	(212)
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	266	1,213	266	1,213
Total assets	$ 266	$ 1,213	$ 266	$ 1,213

FAIR VALUE MEASUREMENT - FV of

FAIR VALUE MEASUREMENT - FV of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets:
Investment securities held to maturity	$ 4,513	$ 70,546
Fair value of loans held for investment	5,295	4,057
Loans held for sale, fair value option	87,717	52,186
Single family mortgage servicing rights	61,823	75,047
Carrying value [Member]
Assets:
Cash and cash equivalents	74,788	57,982
Investment securities held to maturity	4,397	71,285
Fair value of loans held for investment	5,133,813	5,071,314
Federal Home Loan Bank stock	8,764	45,497
Liabilities:
Time deposits	2,135,869	1,579,806
Federal Home Loan Bank advances	5,590	932,590
Federal funds purchased and securities sold under agreements to repurchase		19,000
Long-term debt	125,603	125,462
Fair value [Member]
Assets:
Cash and cash equivalents	74,788	57,982
Investment securities held to maturity	4,513	70,546
Fair value of loans held for investment	5,285,639	5,099,960
Federal Home Loan Bank stock	8,764	45,497
Liabilities:
Time deposits	2,146,696	1,575,139
Federal Home Loan Bank advances	7,013	935,021
Federal funds purchased and securities sold under agreements to repurchase		19,021
Long-term debt	115,447	112,475
Level 1 [Member] | Fair value [Member]
Assets:
Cash and cash equivalents	74,788	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	4,513	70,546
Fair value of loans held for investment	0	0
Federal Home Loan Bank stock	8,764	45,497
Liabilities:
Time deposits	2,146,696	1,575,139
Federal Home Loan Bank advances	7,013	935,021
Federal funds purchased and securities sold under agreements to repurchase		0
Long-term debt	115,447	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	5,285,639	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	85,240	25,139
Single family mortgage servicing rights	28,801	28,326
Multifamily [Member] | Fair value [Member]
Assets:
Loans held for sale, fair value option	85,240	25,139
Single family mortgage servicing rights	31,903	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	85,240	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	$ 31,903	$ 31,168

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of EPS Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
EPS numerator:
Income from continuing operations	$ 13,665	$ 8,089	$ 27,615	$ 14,014
Undistributed stock dividends share repurchase	(223)	0	(505)	0
Allocated undistributed earnings in share repurchase	(101)	0	(128)	0
Income from continuing operations available to common shareholders	13,341	8,089	26,982	14,014
Income (loss) from discontinued operations	162	3,746	(21,091)	10,786
Net income available to common shareholders	$ 13,503	$ 11,835	$ 5,891	$ 24,800
Weighted average shares:
Basic weighted average number of shares outstanding (in shares)	24,419,793	26,985,425	26,020,172	26,963,260
Dilutive effect of outstanding common stock equivalents (in shares)	206,145	196,263	184,242	202,412
Diluted weighted-average number of shares outstanding (in shares)	24,625,938	27,181,688	26,204,414	27,165,672
Basic earnings per common share:
Basic income from continuing operations per share (in dollars per share)	$ 0.55	$ 0.30	$ 1.04	$ 0.52
Basic income (loss) from discontinued operations per share (in dollars per share)	0.01	0.14	(0.81)	0.40
Basic earnings per share (in dollars per share)	0.55	0.44	0.23	0.92
Diluted earnings per common share
Diluted income from continuing operations per share (in dollars per share)	0.54	0.30	1.03	0.52
Diluted income (loss) from discontinued operations per share (in dollars per share)	0.01	0.14	(0.80)	0.40
Diluted earnings per share (in dollars per share)	$ 0.55	$ 0.44	$ 0.22	$ 0.91
Aggregate number of common stock equivalents and unvested restricted stock (in shares)			690	0

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Leases [Abstract]
Remaining lease terms		20 years
Lessee, Operating Sublease, Description [Abstract]
Remainder of 2019, sublease payments due to Company	$ 1,700	$ 1,700
2020, sublease payments due to Company	6,300	6,300
2021, sublease payments due to Company	5,300	5,300
2022, sublease payments due to Company	4,100	4,100
2023, sublease payments due to Company	2,500	2,500
Thereafter, sublease payments due to Company	1,900	1,900
Impairment loss	$ (38)	$ (3,900)

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 3,464	$ 11,180
Finance lease cost:
Amortization of right-of-use assets	442	1,601
Interest on lease liabilities	81	262
Short-term lease	10	16
Variable lease cost	1,132	4,934
Sublease income	(1,686)	(2,515)
Total lease cost	$ 3,443	$ 15,478

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,184	$ 12,916
Operating cash flows from finance leases	81	262
Financing cash flows from finance leases	322	1,375
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	2,059	(5,306)
Finance leases	$ 446	$ (570)

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 92,840
Operating lease liabilities	110,727
Finance lease right-of-use assets	9,003
Finance lease liabilities	$ 9,345
Weighted Average Remaining lease term
Operating leases	11 years 10 months 20 days
Finance leases	14 years 7 months 17 days
Weighted Average Discount Rate
Operating leases	3.48%
Finance leases	3.56%

LEASES - Lease Liability Maturi

LEASES - Lease Liability Maturities (Details) $ in Thousands	Sep. 30, 2019USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2019 (excluding the nine months ended September 30, 2019)	$ 4,363
2020	16,496
2021	15,346
2022	13,331
2023	10,994
2024	9,451
Thereafter	69,653
Total lease payments	139,634
Less imputed interest	28,907
Total	110,727
Finance Lease, Liability, Payment, Due [Abstract]
2019 (excluding the nine months ended September 30, 2019)	497
2020	1,767
2021	1,465
2022	590
2023	474
2024	400
Thereafter	7,238
Total lease payments	12,431
Less imputed interest	3,086
Total	$ 9,345

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	Sep. 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Jan. 01, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 671,175	$ 706,459	$ 739,520	$ 704,380
Cumulative effect of adoption of new accounting standards					$ (548)
Other comprehensive income (loss) before reclassifications	5,273	(4,399)	25,412	(16,811)
Amounts reclassified from accumulated other comprehensive income (loss)	15	4	102	(184)
Other comprehensive income (loss)	5,288	(4,395)	25,514	(16,995)
Ending balance	691,136	714,782	691,136	714,782
Accumulated Other Comprehensive Income (Loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	2,707	(19,722)	(15,439)	(7,122)
Cumulative effect of adoption of new accounting standards					$ (2,080)	$ 0
Other comprehensive income (loss)	5,288	(4,395)	25,514	(16,995)
Ending balance	$ 7,995	$ (24,117)	$ 7,995	$ (24,117)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
(Loss) Gain on sale of investment securities available for sale	$ (18)	$ (4)	$ (128)	$ 234
Income tax (benefit) expense	2,328	1,757	4,865	3,341
Total, net of tax	(15)	(4)	(102)	184
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]
(Loss) Gain on sale of investment securities available for sale	(19)	(4)	(129)	234
Income tax (benefit) expense	$ (4)	$ 0	$ (27)	$ 50

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Percentage of revenue streams in scope with ASU 2014-09	2.30%	2.30%

RESTRUCTURING - Restructuring R

RESTRUCTURING - Restructuring Reserve Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Beginning balance	$ 2,007	$ 4,648	$ 1,604	$ 1,386
Restructuring charges	174	471	1,515	7,073
Costs paid or otherwise settled	(653)	(1,809)	(1,591)	(5,149)
Ending balance	1,528	3,310	1,528	3,310
Facility related costs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	1,423	4,209	1,604	1,386
Restructuring charges	6	456	200	6,619
Costs paid or otherwise settled	(173)	(1,409)	(548)	(4,749)
Ending balance	1,256	3,256	1,256	3,256
Personnel related costs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	562	439	0	0
Restructuring charges	168	15	1,168	454
Costs paid or otherwise settled	(480)	(400)	(918)	(400)
Ending balance	250	54	250	54
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	22	0	0	0
Restructuring charges	0	0	147	0
Costs paid or otherwise settled	0	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