Wells Fargo Real Estate Investment (WFE) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Wells Fargo Real Estate Investment Corp.
Entity Central Index Key	1,616,093
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		12,900,000

Statement of Income (Unaudited)

Statement of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Interest income		$ 163,491	$ 165,991
Interest expense		604	236
Net interest income		162,887	165,755
Provision for credit losses		5,528	3,310
Net interest income after provision for credit losses		157,359	162,445
Noninterest income
Pledge fees		112	145
Interest and Fee Income, Other Loans		3,720	0
Total noninterest income		3,832	145
Noninterest expense
Loan servicing costs		8,731	8,829
Management fees		3,911	2,708
Foreclosed assets		3,238	2,094
Other		282	247
Total noninterest expense		16,162	13,878
Net income		145,029	148,712
Comprehensive income		145,029	148,712
Dividends on preferred stock		4,397	4,397
Net income applicable to common stock		$ 140,632	$ 144,315
Per common share information (1)
Earnings per common share (in dollars per share)	[1]	$ 10.90	$ 11.18
Diluted earnings per common share (in dollars per share)	[1]	10.90	11.18
Dividends declared per common share (in dollars per share)	[1]	$ 10.85	$ 10.85
Average common shares outstanding (in shares)	[1]	12,900,000	12,900,000
Diluted average common shares outstanding (in shares)	[1]	12,900,000	12,900,000
[1]	All common share and per share disclosures reflect the 20,000-for-one stock split of the common shares effected in the form of a stock dividend of 19,999 common shares issued for each common share outstanding, paid on June 1, 2015.

Statement of Income (Parentheti

Statement of Income (Parenthetical) (Unaudited) - Common Stock [Member]	3 Months Ended
	Mar. 31, 2016shares
Stockholders' Equity Note, Stock Split, Conversion Ratio	20,000
Common shares issued for each common share outstanding	19,999

Balance Sheet

Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 0	$ 0
Loans, net of unearned income	12,482,597	13,256,180
Allowance for loan losses	(118,773)	(120,866)
Net loans	12,363,824	13,135,314
Accounts receivable - affiliates, net	195,945	70,982
Other assets	39,319	38,572
Total assets	12,599,088	13,244,868
Liabilities
Line of credit with Bank	182,099	828,149
Other liabilities	3,450	3,812
Total liabilities	185,549	831,961
Stockholders’ Equity
Preferred stock	110	110
Common stock – $0.01 par value, authorized 100,000,000 shares; issued and outstanding 12,900,000 shares	129	129
Additional paid-in capital	12,550,822	12,550,822
Retained earnings (deficit)	(137,522)	(138,154)
Total stockholders’ equity	12,413,539	12,412,907
Total liabilities and stockholders’ equity	$ 12,599,088	$ 13,244,868

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Stockholders’ Equity
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common Stock, Shares, Outstanding	12,900,000	12,900,000
Common stock, shares issued	12,900,000	12,900,000

Statement of Changes in Stockho

Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Retained Earnings (Deficit) [Member]Series A Preferred Stock [Member]	Retained Earnings (Deficit) [Member]Series B Preferred Stock [Member]
Beginning balance at Dec. 31, 2014		$ 12,356,517			$ 110	$ 129	$ 12,550,822	$ (194,544)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		148,712						148,712
Cash dividends
Preferred securities			$ (4,383)	$ (14)					$ (4,383)	$ (14)
Common stock	[1]	(140,000)						(140,000)
Ending balance at Mar. 31, 2015		12,360,832			110	129	12,550,822	(190,229)
Beginning balance at Dec. 31, 2015		12,412,907			110	129	12,550,822	(138,154)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		145,029						145,029
Cash dividends
Preferred securities			$ (4,383)	$ (14)					$ (4,383)	$ (14)
Common stock		(140,000)						(140,000)
Ending balance at Mar. 31, 2016		$ 12,413,539			$ 110	$ 129	$ 12,550,822	$ (137,522)
[1]	All common share and per share disclosures reflect the 20,000-for-one stock split of the common shares effected in the form of a stock dividend of 19,999 common shares issued for each common share outstanding, paid on June 1, 2015.

Statement of Changes in Stockh7

Statement of Changes in Stockholders' Equity (Parenthetical) (Unaudited)	3 Months Ended
	Mar. 31, 2016$ / sharesshares	Mar. 31, 2015$ / shares
Common stock, dividend per share (in dollars per share)	$ 10.85	$ 10.85
Series A Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	0.40	0.40
Series B Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	$ 21.25	$ 21.25
Common Stock [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	20,000
Common shares issued for each common share outstanding | shares	19,999

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 145,029	$ 148,712
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion and amortization of adjustments on loans	(17,395)	(18,014)
Provision for credit losses	5,528	3,310
Other operating activities, net	(1,358)	(4,409)
Net cash provided by operating activities	131,804	129,599
Increase in cash realized from Loans:
Acquisitions	0	0
Proceeds from payments and sales	658,643	669,719
Net cash provided by investing activities	658,643	669,719
Increase (decrease) in cash realized from
Draws on line of credit with Bank	145,458	926
Repayments of line of credit with Bank	(791,508)	(497,618)
Cash dividends paid	(144,397)	(145,419)
Net cash used by financing activities	(790,447)	(642,111)
Net change in cash and cash equivalents	0	157,207
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	157,207
Change in noncash items:
Transfers from loans to foreclosed assets	$ 3,886	$ 2,161

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies Wells Fargo Real Estate Investment Corporation (formerly Wachovia Real Estate Investment Corp.) (the Company, we, our or us) is a direct subsidiary of Wachovia Preferred Funding Corp. (WPFC) and an indirect subsidiary of both Wells Fargo & Company (Wells Fargo) and Wells Fargo Bank, National Association (the Bank). The Company, a Delaware corporation, has operated as a real estate investment trust (REIT) since its formation in 1996. The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles (GAAP). The preparation of the financial statements in accordance with GAAP requires management to make estimates based on assumptions about future economic and market conditions that affect the reported amounts of assets and liabilities at the date of the financial statements and income and expenses during the reporting period and the related disclosures. Although our estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual future conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Management has made significant estimates related to the allowance for credit losses (Note 2 (Loans and Allowance for Credit Losses)). Actual results could differ from those estimates. These unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this 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 2015 Form 10-K. Accounting Standards Adopted in 2016 In first quarter 2016 , we adopted the following new accounting guidance: • Accounting Standards Update (ASU or Update) 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. ASU 2015-01 removes the concept of extraordinary items from GAAP and eliminates the requirement for extraordinary items to be separately presented in the statement of income. We adopted the Update in first quarter 2016 with prospective application. The Update did not impact our financial statements. Subsequent Events We have evaluated the effects of subsequent events that have occurred subsequent to March 31, 2016 . There were no subsequent events requiring adjustment to the financial statements or disclosure in the Notes to Financial Statements.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans and Allowance for Credit Losses	Note 2: Loans and Allowance for Credit Losses The Company acquires loans originated or purchased by the Bank. In order to maintain our status as a REIT, the composition of the loans is highly concentrated in real estate. Underlying loans are concentrated primarily in California, New Jersey, Florida, Pennsylvania and Virginia. These markets include approximately 43% of our total loan balance at March 31, 2016 . The following table presents total loans outstanding by portfolio segment and class of financing receivable. Outstanding balances include a total net reduction of $285.1 million and $301.3 million at March 31, 2016 and December 31, 2015 , respectively, for unamortized discounts and premiums. (in thousands) Mar 31, Dec 31, Commercial: Commercial and industrial $ 31,160 46,712 Secured by real estate 2,611,658 2,871,021 Total commercial 2,642,818 2,917,733 Consumer: Real estate 1-4 family first mortgage 8,525,084 8,950,429 Real estate 1-4 family junior lien mortgage 1,314,695 1,388,018 Total consumer 9,839,779 10,338,447 Total loans $ 12,482,597 13,256,180 The following table summarizes the proceeds paid or received from the Bank for acquisitions and sales of loans, respectively. 2016 2015 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Loan acquisitions $ — — — — — — Loan sales — (1,837 ) (1,837 ) — (2,438 ) (2,438 ) Commitments to Lend The contract or notional amount of commercial loan commitments to extend credit was $336.7 million at March 31, 2016 and $399.5 million at December 31, 2015 . Pledged Loans See Note 5 (Transactions With Related Parties) for additional details on our agreement with the Bank to pledge loans. Allowance for Credit Losses The allowance for credit losses consists of the allowance for loan losses and the allowance for unfunded credit commitments. Changes in the allowance for credit losses were: Quarter ended March 31, (in thousands) 2016 2015 Balance, beginning of period $ 121,538 185,174 Provision for credit losses 5,528 3,310 Interest income on certain impaired loans (1) (1,180 ) (1,080 ) Loan charge-offs: Commercial: Commercial and industrial — — Secured by real estate (2 ) (296 ) Total commercial (2 ) (296 ) Consumer: Real estate 1-4 family first mortgage (4,324 ) (5,457 ) Real estate 1-4 family junior lien mortgage (6,606 ) (8,577 ) Total consumer (10,930 ) (14,034 ) Total loan charge-offs (10,932 ) (14,330 ) Loan recoveries: Commercial: Commercial and industrial — — Secured by real estate 20 5 Total commercial 20 5 Consumer: Real estate 1-4 family first mortgage 1,043 1,166 Real estate 1-4 family junior lien mortgage 3,436 2,871 Total consumer 4,479 4,037 Total loan recoveries 4,499 4,042 Net loan charge-offs (6,433 ) (10,288 ) Balance, end of period $ 119,453 177,116 Components: Allowance for loan losses $ 118,773 176,473 Allowance for unfunded credit commitments 680 643 Allowance for credit losses $ 119,453 177,116 Net loan charge-offs (annualized) as a percentage of average total loans 0.20 % 0.33 Allowance for loan losses as a percentage of total loans 0.95 1.44 Allowance for credit losses as a percentage of total loans 0.96 1.44 (1) Certain impaired loans with an allowance calculated by discounting expected cash flows using the loan’s effective interest rate over the remaining life of the loan recognize reductions in allowance as interest income. The following table summarizes the activity in the allowance for credit losses by our commercial and consumer portfolio segments. 2016 2015 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Balance, beginning of period $ 17,676 103,862 121,538 19,476 165,698 185,174 Provision for credit losses 83 5,445 5,528 494 2,816 3,310 Interest income on certain impaired loans — (1,180 ) (1,180 ) — (1,080 ) (1,080 ) Loan charge-offs (2 ) (10,930 ) (10,932 ) (296 ) (14,034 ) (14,330 ) Loan recoveries 20 4,479 4,499 5 4,037 4,042 Net loan recoveries (charge-offs) 18 (6,451 ) (6,433 ) (291 ) (9,997 ) (10,288 ) Balance, end of period $ 17,777 101,676 119,453 19,679 157,437 177,116 The following table disaggregates our allowance for credit losses and recorded investment in loans by impairment methodology. Allowance for credit losses Recorded investment in loans (in thousands) Commercial Consumer Total Commercial Consumer Total March 31, 2016 Collectively evaluated (1) $ 15,618 29,659 45,277 2,637,247 9,330,830 11,968,077 Individually evaluated (2) 2,159 72,017 74,176 4,395 490,491 494,886 Purchased credit-impaired (PCI) (3) — — — 1,176 18,458 19,634 Total $ 17,777 101,676 119,453 2,642,818 9,839,779 12,482,597 December 31, 2015 Collectively evaluated (1) $ 16,893 30,187 47,080 2,913,168 9,818,236 12,731,404 Individually evaluated (2) 783 73,675 74,458 3,378 499,865 503,243 PCI (3) — — — 1,187 20,346 21,533 Total $ 17,676 103,862 121,538 2,917,733 10,338,447 13,256,180 (1) Represents loans collectively evaluated for impairment in accordance with ASC 450-20, Loss Contingencies (formerly FAS 5), and pursuant to amendments by ASU 2010-20 regarding allowance for unimpaired loans. (2) Represents loans individually evaluated for impairment in accordance with ASC 310-10, Receivables (formerly FAS 114), and pursuant to amendments by ASU 2010-20 regarding allowance for impaired loans. (3) Represents the allowance and related loan carrying value determined in accordance with ASC 310-30 , Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly SOP 03-3) and pursuant to amendments by ASU 2010-20 regarding allowance for PCI loans. Credit Quality We monitor credit quality by evaluating various attributes and utilize such information in our evaluation of the appropriateness of the allowance for credit losses. The following sections provide the credit quality indicators we most closely monitor. The credit quality indicators are generally based on information as of our financial statement date, with the exception of updated Fair Isaac Corporation (FICO) scores and updated loan-to-value (LTV)/combined LTV (CLTV). We obtain FICO scores at loan origination and the scores are generally updated at least quarterly, except in limited circumstances, including compliance with the Fair Credit Reporting Act (FCRA). Generally, the LTV and CLTV indicators are updated in the second month of each quarter, with updates no older than December 31, 2015 . COMMERCIAL CREDIT QUALITY INDICATORS In addition to monitoring commercial loan concentration risk, we manage a consistent process for assessing commercial loan credit quality. Generally commercial loans are subject to individual risk assessment using our internal borrower and collateral quality ratings. Our ratings are aligned to Pass and Criticized categories. The Criticized category includes Special Mention, Substandard, and Doubtful categories which are defined by bank regulatory agencies. The table below provides a breakdown of outstanding commercial loans by risk category. (in thousands) Commercial and industrial Secured by real estate Total March 31, 2016 By risk category: Pass $ 31,160 2,593,401 2,624,561 Criticized — 18,257 18,257 Total commercial loans $ 31,160 2,611,658 2,642,818 December 31, 2015 By risk category: Pass $ 46,712 2,848,613 2,895,325 Criticized — 22,408 22,408 Total commercial loans $ 46,712 2,871,021 2,917,733 The following table provides past due information for commercial loans, which we monitor as part of our credit risk management practices. (in thousands) Commercial and industrial Secured by real estate Total March 31, 2016 By delinquency status: Current-29 days past due (DPD) and still accruing $ 31,160 2,603,848 2,635,008 30-89 DPD and still accruing — 3,102 3,102 90+ DPD and still accruing — 975 975 Nonaccrual loans — 3,733 3,733 Total commercial loans $ 31,160 2,611,658 2,642,818 December 31, 2015 By delinquency status: Current-29 DPD and still accruing $ 46,712 2,866,076 2,912,788 30-89 DPD and still accruing — 12 12 90+ DPD and still accruing — 3,227 3,227 Nonaccrual loans — 1,706 1,706 Total commercial loans $ 46,712 2,871,021 2,917,733 CONSUMER CREDIT QUALITY INDICATORS We have various classes of consumer loans that present respective unique risks. Loan delinquency, FICO credit scores and LTV/CLTV for loan types are common credit quality indicators that we monitor and utilize in our evaluation of the appropriateness of the allowance for credit losses for the consumer portfolio segment. The majority of our loss estimation techniques used for the allowance for credit losses rely on delinquency matrix models or delinquency roll rate models. Therefore, delinquency is an important indicator of credit quality and the establishment of our allowance for credit losses. The following table provides the outstanding balances of our consumer portfolio by delinquency status. (in thousands) Real estate 1-4 family first mortgage Real estate 1-4 family junior lien mortgage Total March 31, 2016 By delinquency status: Current-29 DPD $ 8,358,993 1,259,810 9,618,803 30-59 DPD 42,832 16,700 59,532 60-89 DPD 22,527 10,355 32,882 90-119 DPD 10,163 4,529 14,692 120-179 DPD 11,050 5,989 17,039 180+ DPD 88,453 20,422 108,875 Remaining PCI accounting adjustments (8,934 ) (3,110 ) (12,044 ) Total consumer loans $ 8,525,084 1,314,695 9,839,779 December 31, 2015 By delinquency status: Current-29 DPD $ 8,776,254 1,328,855 10,105,109 30-59 DPD 42,987 19,275 62,262 60-89 DPD 24,004 9,049 33,053 90-119 DPD 14,201 5,100 19,301 120-179 DPD 14,976 6,804 21,780 180+ DPD 88,064 21,952 110,016 Remaining PCI accounting adjustments (10,057 ) (3,017 ) (13,074 ) Total consumer loans $ 8,950,429 1,388,018 10,338,447 The following table provides a breakdown of our consumer portfolio by FICO. FICO is not available for certain loan types and may not be obtained if we deem it unnecessary due to strong collateral and other borrower attributes. (in thousands) Real estate 1-4 family first mortgage Real estate 1-4 family junior lien mortgage Total March 31, 2016 By FICO: < 600 $ 271,209 145,808 417,017 600-639 219,765 95,921 315,686 640-679 385,235 164,919 550,154 680-719 820,176 226,739 1,046,915 720-759 1,348,120 260,501 1,608,621 760-799 3,475,802 270,300 3,746,102 800+ 1,901,631 136,580 2,038,211 No FICO available 112,080 17,037 129,117 Remaining PCI accounting adjustments (8,934 ) (3,110 ) (12,044 ) Total consumer loans $ 8,525,084 1,314,695 9,839,779 December 31, 2015 By FICO: < 600 $ 262,799 141,809 404,608 600-639 214,494 108,603 323,097 640-679 431,433 181,071 612,504 680-719 860,106 239,838 1,099,944 720-759 1,433,933 270,970 1,704,903 760-799 3,696,156 282,387 3,978,543 800+ 1,952,028 146,248 2,098,276 No FICO available 109,537 20,109 129,646 Remaining PCI accounting adjustments (10,057 ) (3,017 ) (13,074 ) Total consumer loans $ 8,950,429 1,388,018 10,338,447 LTV refers to the ratio comparing the loan’s unpaid principal balance to the property’s collateral value. CLTV refers to the combination of first mortgage and junior lien mortgage ratios. LTVs and CLTVs are updated quarterly using a cascade approach which first uses values provided by automated valuation models (AVMs) for the property. If an AVM is not available, then the value is estimated using the original appraised value adjusted by the change in Home Price Index (HPI) for the property location. If an HPI is not available, the original appraised value is used. The HPI value is normally the only method considered for high value properties, generally with an original value of $1 million or more, as the AVM values have proven less accurate for these properties. The following table shows the most updated LTV and CLTV distribution of the real estate 1-4 family first and junior lien mortgage loan portfolios. We consider the trends in residential real estate markets as we monitor credit risk and establish our allowance for credit losses. In the event of a default, any loss should be limited to the portion of the loan amount in excess of the net realizable value of the underlying real estate collateral value. Certain loans do not have an LTV or CLTV primarily due to industry data availability and portfolios acquired from or serviced by other institutions. (in thousands) Real estate 1-4 family first mortgage by LTV Real estate 1-4 family junior lien mortgage by CLTV Total March 31, 2016 By LTV/CLTV: 0-60% $ 4,142,355 360,817 4,503,172 60.01-80% 3,527,566 331,016 3,858,582 80.01-100% 680,316 339,873 1,020,189 100.01-120% (1) 107,782 187,056 294,838 > 120% (1) 54,400 96,869 151,269 No LTV/CLTV available 21,599 2,174 23,773 Remaining PCI accounting adjustments (8,934 ) (3,110 ) (12,044 ) Total consumer loans $ 8,525,084 1,314,695 9,839,779 December 31, 2015 By LTV/CLTV: 0-60% $ 4,408,951 381,782 4,790,733 60.01-80% 3,628,951 355,758 3,984,709 80.01-100% 718,484 352,406 1,070,890 100.01-120% (1) 125,295 196,760 322,055 > 120% (1) 55,217 101,808 157,025 No LTV/CLTV available 23,588 2,521 26,109 Remaining PCI accounting adjustments (10,057 ) (3,017 ) (13,074 ) Total consumer loans $ 8,950,429 1,388,018 10,338,447 (1) Reflects total loan balances with LTV/CLTV amounts in excess of 100%. In the event of default, the loss content would generally be limited to only the amount in excess of 100% LTV/CLTV. NONACCRUAL LOANS The following table provides loans on nonaccrual status. PCI loans are excluded from this table due to the existence of the accretable yield. (in thousands) Mar 31, Dec 31, Commercial: Commercial and industrial $ — — Secured by real estate 3,733 1,706 Total commercial 3,733 1,706 Consumer: Real estate 1-4 family first mortgage 196,967 201,531 Real estate 1-4 family junior lien mortgage 62,316 64,718 Total consumer 259,283 266,249 Total nonaccrual loans (excluding PCI) $ 263,016 267,955 LOANS 90 DAYS OR MORE PAST DUE AND STILL ACCRUING Certain loans 90 days or more past due as to interest or principal are still accruing, because they are (1) well-secured and in the process of collection or (2) real estate 1-4 family mortgage loans exempt under regulatory rules from being classified as nonaccrual until later delinquency, usually 120 days past due. PCI loans of $3.1 million at March 31, 2016 , and $4.4 million at December 31, 2015 , are excluded from this disclosure even though they are 90 days or more contractually past due. These PCI loans are considered to be accruing because they continue to earn interest from accretable yield, independent of performance in accordance with their contractual terms. The following table shows non-PCI loans 90 days or more past due and still accruing. (in thousands) Mar 31, 2016 Dec 31, 2015 Commercial: Commercial and industrial $ — — Secured by real estate — 2,252 Total commercial — 2,252 Consumer: Real estate 1-4 family first mortgage 5,001 8,365 Real estate 1-4 family junior lien mortgage 2,056 2,462 Total consumer 7,057 10,827 Total past due (excluding PCI) $ 7,057 13,079 Impaired Loans The table below summarizes key information for impaired loans. Our impaired loans predominantly include loans on nonaccrual status in the commercial portfolio segment and loans modified in a TDR, whether on accrual or nonaccrual status. These impaired loans generally have estimated losses which are included in the allowance for credit losses. We have impaired loans with no allowance for credit losses when loss content has been previously recognized through charge-offs and we do not anticipate additional charge-offs or losses, or certain loans are currently performing in accordance with their terms and for which no loss has been estimated. Impaired loans exclude PCI loans. The table below includes trial modifications that totaled $14.7 million at March 31, 2016 and $15.7 million at December 31, 2015 . Recorded investment (in thousands) Unpaid principal balance Impaired loans Impaired loans with related allowance for credit losses Related allowance for credit losses March 31, 2016 Commercial: Commercial and industrial $ — — — — Secured by real estate 5,053 4,395 4,395 2,159 Total commercial 5,053 4,395 4,395 2,159 Consumer: Real estate 1-4 family first mortgage 454,113 377,450 255,636 43,499 Real estate 1-4 family junior lien mortgage 126,036 113,041 93,082 28,518 Total consumer 580,149 490,491 348,718 72,017 Total impaired loans (excluding PCI) $ 585,202 494,886 353,113 74,176 December 31, 2015 Commercial: Commercial and industrial $ — — — — Secured by real estate 4,097 3,378 3,378 783 Total commercial 4,097 3,378 3,378 783 Consumer: Real estate 1-4 family first mortgage 461,186 382,596 256,669 44,077 Real estate 1-4 family junior lien mortgage 130,787 117,269 96,511 29,598 Total consumer 591,973 499,865 353,180 73,675 Total impaired loans (excluding PCI) $ 596,070 503,243 356,558 74,458 The following table provides the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans by portfolio segment and class. Quarter ended March 31, 2016 2015 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Commercial: Commercial and industrial $ — — — — Secured by real estate 3,987 6 6,010 41 Total commercial 3,987 6 6,010 41 Consumer: Real estate 1-4 family first mortgage 380,766 5,548 395,007 5,571 Real estate 1-4 family junior lien mortgage 115,594 2,383 123,859 2,440 Total consumer 496,360 7,931 518,866 8,011 Total impaired loans $ 500,347 7,937 524,876 8,052 Interest income: Cash basis of accounting $ 2,472 2,575 Other (1) 5,465 5,477 Total interest income $ 7,937 8,052 (1) Includes interest recognized on accruing TDRs, interest recognized related to certain impaired loans which have an allowance calculated using discounting, and amortization of purchase accounting adjustments related to certain impaired loans. Troubled Debt Restructuring (TDRs) When, for economic or legal reasons related to a borrower’s financial difficulties, we grant a concession for other than an insignificant period of time to a borrower that we would not otherwise consider, the related loan is classified as a TDR. We do not consider any loans modified through a loan resolution such as foreclosure or short sale to be a TDR. We may require some consumer borrowers experiencing financial difficulty to make trial payments generally for a period of three to four months, according to the terms of a planned permanent modification, to determine if they can perform according to those terms. These arrangements represent trial modifications, which we classify and account for as TDRs. While loans are in trial payment programs, their original terms are not considered modified and they continue to advance through delinquency status and accrue interest according to their original terms. The planned modifications for these arrangements predominantly involve interest rate reductions or other interest rate concessions, however, the exact concession type and resulting financial effect are usually not finalized and do not take effect until the loan is permanently modified. The trial period terms are developed in accordance with our proprietary programs or the U.S. Treasury’s Making Homes Affordable programs for real estate 1-4 family first lien (i.e. Home Affordable Modification Program - HAMP) and junior lien (i.e. Second Lien Modification Program - 2MP) mortgage loans. At March 31, 2016 , the loans in trial modification period were $7.5 million under HAMP, $790 thousand under 2MP and $6.4 million under proprietary programs, compared with $7.4 million , $663 thousand and $7.6 million at December 31, 2015 , respectively. Trial modifications with a recorded investment of $5.3 million at March 31, 2016 , and $5.8 million at December 31, 2015 , were accruing loans and $9.4 million and $9.9 million , respectively, were nonaccruing loans. Our experience is that substantially all of the mortgages that enter a trial payment period program are successful in completing the program requirements and are then permanently modified at the end of the trial period. As previously discussed, our allowance process considers the impact of those modifications that are probable to occur including the associated credit cost and related re-default risk. For those loans that may be modified more than once, the following table reflects each modification that occurred during the period. Loans that both modify and pay off within the period, as well as changes in recorded investment during the period for loans modified in prior periods, are not included in the table. Primary modification type (1) Financial effects of modifications (in thousands) Principal (2) Interest rate reduction Other concessions (3) Total Charge- offs (4) Weighted average interest rate reduction Recorded investment related to interest rate reduction (5) Quarter ended March 31, 2016 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 1,848 1,848 — — — Total commercial — — 1,848 1,848 — — — Consumer: Real estate 1-4 family first mortgage 1,924 2,502 5,741 10,167 531 3.61 4,144 Real estate 1-4 family junior lien mortgage 72 1,253 1,027 2,352 660 3.89 1,292 Trial modifications (6) — — (649 ) (649 ) — — — Total consumer 1,996 3,755 6,119 11,870 1,191 3.67 5,436 Total $ 1,996 3,755 7,967 13,718 1,191 3.67 % $ 5,436 Quarter ended March 31, 2015 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 2,383 2,383 — — — Total commercial — — 2,383 2,383 — — — Consumer: Real estate 1-4 family first mortgage 1,795 5,870 4,275 11,940 830 3.13 7,354 Real estate 1-4 family junior lien mortgage 159 1,151 1,480 2,790 518 5.31 1,242 Trial modifications (6) — — (296 ) (296 ) — — — Total consumer 1,954 7,021 5,459 14,434 1,348 3.45 8,596 Total $ 1,954 7,021 7,842 16,817 1,348 3.45 % $ 8,596 (1) Amounts represent the recorded investment in loans after recognizing the effects of the TDR, if any. TDRs may have multiple types of concessions, but are presented only once in the first modification type based on the order presented in the table above. The reported amounts include loans remodified of $2.0 million and $2.7 million for the quarters ended March 31, 2016 and 2015 , respectively. (2) Principal modifications include principal forgiveness at the time of the modification, contingent principal forgiveness granted over the life of the loan based on borrower performance, and principal that has been legally separated and deferred to the end of the loan, with a zero percent contractual interest rate. (3) Other concessions include loan renewals, term extensions and other interest and noninterest adjustments, but exclude modifications that also forgive principal and/or reduce the interest rate. (4) Charge-offs include write-downs of the investment in the loan in the period it is contractually modified. The amount of charge-off will differ from the modification terms if the loan has been charged down prior to the modification based on our policies. In addition, there may be cases where we have a charge-off/down with no legal principal modification. Modifications resulted in legally forgiving principal (actual, contingent or deferred) of $306 thousand and $609 thousand for the quarters ended March 31, 2016 and 2015 , respectively. (5) Reflects the effect of reduced interest rates on loans with an interest rate concession as one of their concession types, which includes loans reported as a principal primary modification type that also have an interest rate concession. (6) Trial modifications are granted a delay in payments due under the original terms during the trial payment period. However, these loans continue to advance through delinquency status and accrue interest according to their original terms. Any subsequent permanent modification generally includes interest rate related concessions; however, the exact concession type and resulting financial effect are usually not known until the loan is permanently modified. Trial modifications for the period are presented net of previously reported trial modifications that became permanent in the current period. The table below summarizes permanent modification TDRs that have defaulted in the current period within 12 months of their permanent modification date. We report these defaulted TDRs based on a payment default definition of 90 days past due for the commercial portfolio segment and 60 days past due for the consumer portfolio segment. Recorded investment of defaults Quarter ended March 31, (in thousands) 2016 2015 Commercial: Commercial and industrial $ — — Secured by real estate 807 — Total commercial 807 — Consumer: Real estate 1-4 family first mortgage 549 1,565 Real estate 1-4 family junior lien mortgage 251 266 Total consumer 800 1,831 Total 1,607 1,831

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	Note 3: Fair Values of Assets and Liabilities We use fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. We did not elect the fair value option for any financial instruments as permitted in FASB ASC 825, Financial Instruments , which allows companies to elect to carry certain financial instruments at fair value with corresponding changes in fair value reported in the results of operations. As of March 31, 2016 and December 31, 2015 , assets measured at fair value on a nonrecurring basis were less than 1 percent of total assets. See Note 1 (Summary of Significant Accounting Policies) in our 2015 Form 10-K for additional information about our fair value measurement policies and methods. Disclosures about Fair Value of Financial Instruments The table below is a summary of fair value estimates by level for financial instruments. The carrying amounts in the following table are recorded in the balance sheet under the indicated captions. We have not included assets and liabilities that are not financial instruments in our disclosure, such as other assets and other liabilities. The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying value of the Company. Carrying amount Estimated fair value (in thousands) Level 1 Level 2 Level 3 Total March 31, 2016 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 12,363,824 — — 13,202,390 13,202,390 Financial liabilities Line of credit with Bank (1) 182,099 — — 182,099 182,099 December 31, 2015 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 13,135,314 — — 13,892,807 13,892,807 Financial liabilities Line of credit with Bank (1) 828,149 — — 828,149 828,149 (1) Amounts consist of financial instruments in which carrying value approximates fair value. (2) Carrying amount reflects net discount and allowance for loan losses.

Common and Preferred Stock

Common and Preferred Stock	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Common and Preferred Stock	Note 4: Common and Preferred Stock The following table provides details of our authorized common and preferred stock. March 31, 2016 and December 31, 2015 Liquidation Shares Shares Par value Carrying Preferred stock: Series A 6.375%, Cumulative, Perpetual Series A Preferred Stock $ 25 11,000,000 11,000,000 $ 0.01 110,000 Series B $85 Annual Dividend Per Share, Cumulative, Perpetual Series B Preferred Stock 1,000 1,000 667 0.01 7 Common stock 100,000,000 12,900,000 0.01 129,000 Total 111,001,000 23,900,667 $ 239,007 In the event that the Company is liquidated or dissolved, the holders of the Series A and Series B preferred stock will be entitled to a liquidation preference for each security plus any authorized, declared and unpaid dividends that will be paid prior to any payments to common stockholders. With respect to the payment of dividends and liquidation preference, the Series A preferred stock ranks on parity with Series B preferred stock and senior to the Company’s common stock. Additional information related to Series A and B preferred stock is included in Note 5 (Common and Preferred Stock) to Financial Statements in our 2015 Form 10-K.

Transactions With Related Parti

Transactions With Related Parties	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Transactions With Related Parties	Note 5: Transactions With Related Parties The Company engages in various transactions and agreements with affiliated parties in the ordinary course of business. Due to the common ownership of the Company and the affiliated parties by Wells Fargo, these transactions and agreements may reflect circumstances and considerations that could differ from those conducted with unaffiliated parties. The principal items related to transactions with affiliated parties included in the accompanying statement of income and balance sheet are described in the table and narrative below. Quarter ended March 31, (in thousands) 2016 2015 Income statement data Interest income: Accretion and amortization of adjustments on loans $ 17,395 16,526 Interest on deposits — 12 Total interest income 17,395 16,538 Pledge fees 3,720 — Interest expense 604 236 Loan servicing costs 8,724 8,820 Management fees 3,911 2,708 (in thousands) Mar 31, Dec 31, Balance sheet related data Loan acquisitions (year-to-date) (1) $ — 3,303,296 Loan sales (year-to-date) (1,837 ) (11,751 ) Pledged loans (carrying value) (2) 5,064,781 5,760,284 Foreclosed asset sales (year-to-date) (2,029 ) (11,137 ) Line of credit with Bank 182,099 828,149 Accounts receivable - affiliates, net 195,945 70,982 (1) Includes accrued interest, see Note 2 (Loans and Allowance for Credit Losses) for additional details. (2) The fair value of pledged loans was approximately $5.4 billion and $6.1 billion at March 31, 2016 and December 31, 2015 , respectively . Loans We acquire and sell loans to and from the Bank. The acquisitions and sales are transacted at fair value resulting in acquisition discounts and premiums or gains and losses on sales. The net acquisition discount accretion is reported within interest income. Gains or losses on sales of loans are included within noninterest income. We may pledge our loans in an aggregate amount not exceeding 80% of our total assets at any time as collateral on behalf of the Bank for the Bank’s access to secured borrowing facilities through the Federal Home Loan Banks or the discount window of Federal Reserve Banks. In exchange for the pledge of our loan assets, the Bank will pay us a fee that is consistent with market terms. At March 31, 2016 , the fee was equal to an annual rate of 28 basis points ( 0.28% ) as applied to the unpaid principal balance of pledged loans on a monthly basis. Such fee may be renegotiated by us and the Bank from time to time. Loan Servicing Costs The loans in our portfolio are predominantly serviced by the Bank pursuant to the terms of participation and servicing and assignment agreements. In some instances, the Bank has delegated servicing responsibility to third parties that are not affiliated with us or the Bank. Depending on the loan type, the monthly servicing fee charges are based in part on (a) outstanding principal balances, (b) a flat fee per month, or (c) a total loan commitment amount. Management Fees We pay the Bank a management fee to reimburse for general overhead expenses, including allocations of technology support and a combination of finance and accounting, risk management and other general overhead expenses incurred on our behalf. Management fees are calculated based on Wells Fargo’s total allocable costs multiplied by a formula. The formula is based on our proportion of Wells Fargo’s consolidated: (1) full-time equivalent employees, (2) total average assets and (3) total revenue. Deposits Interest income earned on deposits is included in interest income. Our cash management process includes applying operating cash flows to reduce any outstanding balance on our line of credit with the Bank. Operating cash flows are settled through our affiliate accounts receivable/payable process. Upon settlement cash received is either applied to reduce our line of credit outstanding or retained as a deposit with the Bank. Foreclosed Assets We sell foreclosed assets back to the Bank from time to time at estimated fair value. Line of Credit We have a revolving line of credit with the Bank, pursuant to which we can borrow up to $2.2 billion at a rate of interest equal to the average federal funds rate plus 12.5 basis points ( 0.125% ). Accounts Receivable - Affiliates, Net Accounts receivable from or payable to the Bank or its affiliates result from intercompany transactions which include net loan pay-downs, interest receipts, and other transactions, including those transactions noted herein, which have not yet settled.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Significant Accounting Policies [Line Items]
Nature of Operations	Wells Fargo Real Estate Investment Corporation (formerly Wachovia Real Estate Investment Corp.) (the Company, we, our or us) is a direct subsidiary of Wachovia Preferred Funding Corp. (WPFC) and an indirect subsidiary of both Wells Fargo & Company (Wells Fargo) and Wells Fargo Bank, National Association (the Bank). The Company, a Delaware corporation, has operated as a real estate investment trust (REIT) since its formation in 1996.
Use of Estimates	The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles (GAAP). The preparation of the financial statements in accordance with GAAP requires management to make estimates based on assumptions about future economic and market conditions that affect the reported amounts of assets and liabilities at the date of the financial statements and income and expenses during the reporting period and the related disclosures. Although our estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that actual future conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Management has made significant estimates related to the allowance for credit losses (Note 2 (Loans and Allowance for Credit Losses)). Actual results could differ from those estimates.
Comparability of Prior Year Financial Data	These unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this 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 2015 Form 10-K.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Standards Adopted in 2016 In first quarter 2016 , we adopted the following new accounting guidance: • Accounting Standards Update (ASU or Update) 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.
Subsequent Events	We have evaluated the effects of subsequent events that have occurred subsequent to March 31, 2016 . There were no subsequent events requiring adjustment to the financial statements or disclosure in the Notes to Financial Statements.
Accounting Standards Update 2015-01 [Member]
Significant Accounting Policies [Line Items]
New Accounting Pronouncements, Policy [Policy Text Block]	ASU 2015-01 removes the concept of extraordinary items from GAAP and eliminates the requirement for extraordinary items to be separately presented in the statement of income. We adopted the Update in first quarter 2016 with prospective application. The Update did not impact our financial statements.

Loans and Allowance for Credi15

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans and Allowance for Credit Losses, Loans Outstanding	The following table presents total loans outstanding by portfolio segment and class of financing receivable. Outstanding balances include a total net reduction of $285.1 million and $301.3 million at March 31, 2016 and December 31, 2015 , respectively, for unamortized discounts and premiums. (in thousands) Mar 31, Dec 31, Commercial: Commercial and industrial $ 31,160 46,712 Secured by real estate 2,611,658 2,871,021 Total commercial 2,642,818 2,917,733 Consumer: Real estate 1-4 family first mortgage 8,525,084 8,950,429 Real estate 1-4 family junior lien mortgage 1,314,695 1,388,018 Total consumer 9,839,779 10,338,447 Total loans $ 12,482,597 13,256,180
Loans and Allowance for Credit Losses, Significant Activity	The following table summarizes the proceeds paid or received from the Bank for acquisitions and sales of loans, respectively. 2016 2015 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Loan acquisitions $ — — — — — — Loan sales — (1,837 ) (1,837 ) — (2,438 ) (2,438 )
Loans and Allowance for Credit Losses, Allowance for Credit Losses	The allowance for credit losses consists of the allowance for loan losses and the allowance for unfunded credit commitments. Changes in the allowance for credit losses were: Quarter ended March 31, (in thousands) 2016 2015 Balance, beginning of period $ 121,538 185,174 Provision for credit losses 5,528 3,310 Interest income on certain impaired loans (1) (1,180 ) (1,080 ) Loan charge-offs: Commercial: Commercial and industrial — — Secured by real estate (2 ) (296 ) Total commercial (2 ) (296 ) Consumer: Real estate 1-4 family first mortgage (4,324 ) (5,457 ) Real estate 1-4 family junior lien mortgage (6,606 ) (8,577 ) Total consumer (10,930 ) (14,034 ) Total loan charge-offs (10,932 ) (14,330 ) Loan recoveries: Commercial: Commercial and industrial — — Secured by real estate 20 5 Total commercial 20 5 Consumer: Real estate 1-4 family first mortgage 1,043 1,166 Real estate 1-4 family junior lien mortgage 3,436 2,871 Total consumer 4,479 4,037 Total loan recoveries 4,499 4,042 Net loan charge-offs (6,433 ) (10,288 ) Balance, end of period $ 119,453 177,116 Components: Allowance for loan losses $ 118,773 176,473 Allowance for unfunded credit commitments 680 643 Allowance for credit losses $ 119,453 177,116 Net loan charge-offs (annualized) as a percentage of average total loans 0.20 % 0.33 Allowance for loan losses as a percentage of total loans 0.95 1.44 Allowance for credit losses as a percentage of total loans 0.96 1.44 (1) Certain impaired loans with an allowance calculated by discounting expected cash flows using the loan’s effective interest rate over the remaining life of the loan recognize reductions in allowance as interest income.
Loans and Allowance for Credit Losses, Allowance for Credit Losses by Category	The following table summarizes the activity in the allowance for credit losses by our commercial and consumer portfolio segments. 2016 2015 (in thousands) Commercial Consumer Total Commercial Consumer Total Quarter ended March 31, Balance, beginning of period $ 17,676 103,862 121,538 19,476 165,698 185,174 Provision for credit losses 83 5,445 5,528 494 2,816 3,310 Interest income on certain impaired loans — (1,180 ) (1,180 ) — (1,080 ) (1,080 ) Loan charge-offs (2 ) (10,930 ) (10,932 ) (296 ) (14,034 ) (14,330 ) Loan recoveries 20 4,479 4,499 5 4,037 4,042 Net loan recoveries (charge-offs) 18 (6,451 ) (6,433 ) (291 ) (9,997 ) (10,288 ) Balance, end of period $ 17,777 101,676 119,453 19,679 157,437 177,116
Loans and Allowance for Credit Losses, by Impairment Methodology	The following table disaggregates our allowance for credit losses and recorded investment in loans by impairment methodology. Allowance for credit losses Recorded investment in loans (in thousands) Commercial Consumer Total Commercial Consumer Total March 31, 2016 Collectively evaluated (1) $ 15,618 29,659 45,277 2,637,247 9,330,830 11,968,077 Individually evaluated (2) 2,159 72,017 74,176 4,395 490,491 494,886 Purchased credit-impaired (PCI) (3) — — — 1,176 18,458 19,634 Total $ 17,777 101,676 119,453 2,642,818 9,839,779 12,482,597 December 31, 2015 Collectively evaluated (1) $ 16,893 30,187 47,080 2,913,168 9,818,236 12,731,404 Individually evaluated (2) 783 73,675 74,458 3,378 499,865 503,243 PCI (3) — — — 1,187 20,346 21,533 Total $ 17,676 103,862 121,538 2,917,733 10,338,447 13,256,180 (1) Represents loans collectively evaluated for impairment in accordance with ASC 450-20, Loss Contingencies (formerly FAS 5), and pursuant to amendments by ASU 2010-20 regarding allowance for unimpaired loans. (2) Represents loans individually evaluated for impairment in accordance with ASC 310-10, Receivables (formerly FAS 114), and pursuant to amendments by ASU 2010-20 regarding allowance for impaired loans. (3) Represents the allowance and related loan carrying value determined in accordance with ASC 310-30 , Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly SOP 03-3) and pursuant to amendments by ASU 2010-20 regarding allowance for PCI loans.
Loans by Credit Quality Indicator, Commercial	The table below provides a breakdown of outstanding commercial loans by risk category. (in thousands) Commercial and industrial Secured by real estate Total March 31, 2016 By risk category: Pass $ 31,160 2,593,401 2,624,561 Criticized — 18,257 18,257 Total commercial loans $ 31,160 2,611,658 2,642,818 December 31, 2015 By risk category: Pass $ 46,712 2,848,613 2,895,325 Criticized — 22,408 22,408 Total commercial loans $ 46,712 2,871,021 2,917,733
Loans by Delinquency Status, Commercial	The following table provides past due information for commercial loans, which we monitor as part of our credit risk management practices. (in thousands) Commercial and industrial Secured by real estate Total March 31, 2016 By delinquency status: Current-29 days past due (DPD) and still accruing $ 31,160 2,603,848 2,635,008 30-89 DPD and still accruing — 3,102 3,102 90+ DPD and still accruing — 975 975 Nonaccrual loans — 3,733 3,733 Total commercial loans $ 31,160 2,611,658 2,642,818 December 31, 2015 By delinquency status: Current-29 DPD and still accruing $ 46,712 2,866,076 2,912,788 30-89 DPD and still accruing — 12 12 90+ DPD and still accruing — 3,227 3,227 Nonaccrual loans — 1,706 1,706 Total commercial loans $ 46,712 2,871,021 2,917,733
Loans by Delinquency Status, Consumer	The following table provides the outstanding balances of our consumer portfolio by delinquency status. (in thousands) Real estate 1-4 family first mortgage Real estate 1-4 family junior lien mortgage Total March 31, 2016 By delinquency status: Current-29 DPD $ 8,358,993 1,259,810 9,618,803 30-59 DPD 42,832 16,700 59,532 60-89 DPD 22,527 10,355 32,882 90-119 DPD 10,163 4,529 14,692 120-179 DPD 11,050 5,989 17,039 180+ DPD 88,453 20,422 108,875 Remaining PCI accounting adjustments (8,934 ) (3,110 ) (12,044 ) Total consumer loans $ 8,525,084 1,314,695 9,839,779 December 31, 2015 By delinquency status: Current-29 DPD $ 8,776,254 1,328,855 10,105,109 30-59 DPD 42,987 19,275 62,262 60-89 DPD 24,004 9,049 33,053 90-119 DPD 14,201 5,100 19,301 120-179 DPD 14,976 6,804 21,780 180+ DPD 88,064 21,952 110,016 Remaining PCI accounting adjustments (10,057 ) (3,017 ) (13,074 ) Total consumer loans $ 8,950,429 1,388,018 10,338,447
Loans by FICO Score, Consumer	The following table provides a breakdown of our consumer portfolio by FICO. FICO is not available for certain loan types and may not be obtained if we deem it unnecessary due to strong collateral and other borrower attributes. (in thousands) Real estate 1-4 family first mortgage Real estate 1-4 family junior lien mortgage Total March 31, 2016 By FICO: < 600 $ 271,209 145,808 417,017 600-639 219,765 95,921 315,686 640-679 385,235 164,919 550,154 680-719 820,176 226,739 1,046,915 720-759 1,348,120 260,501 1,608,621 760-799 3,475,802 270,300 3,746,102 800+ 1,901,631 136,580 2,038,211 No FICO available 112,080 17,037 129,117 Remaining PCI accounting adjustments (8,934 ) (3,110 ) (12,044 ) Total consumer loans $ 8,525,084 1,314,695 9,839,779 December 31, 2015 By FICO: < 600 $ 262,799 141,809 404,608 600-639 214,494 108,603 323,097 640-679 431,433 181,071 612,504 680-719 860,106 239,838 1,099,944 720-759 1,433,933 270,970 1,704,903 760-799 3,696,156 282,387 3,978,543 800+ 1,952,028 146,248 2,098,276 No FICO available 109,537 20,109 129,646 Remaining PCI accounting adjustments (10,057 ) (3,017 ) (13,074 ) Total consumer loans $ 8,950,429 1,388,018 10,338,447
Loans by Loan to Value Ratio, Consumer	The following table shows the most updated LTV and CLTV distribution of the real estate 1-4 family first and junior lien mortgage loan portfolios. We consider the trends in residential real estate markets as we monitor credit risk and establish our allowance for credit losses. In the event of a default, any loss should be limited to the portion of the loan amount in excess of the net realizable value of the underlying real estate collateral value. Certain loans do not have an LTV or CLTV primarily due to industry data availability and portfolios acquired from or serviced by other institutions. (in thousands) Real estate 1-4 family first mortgage by LTV Real estate 1-4 family junior lien mortgage by CLTV Total March 31, 2016 By LTV/CLTV: 0-60% $ 4,142,355 360,817 4,503,172 60.01-80% 3,527,566 331,016 3,858,582 80.01-100% 680,316 339,873 1,020,189 100.01-120% (1) 107,782 187,056 294,838 > 120% (1) 54,400 96,869 151,269 No LTV/CLTV available 21,599 2,174 23,773 Remaining PCI accounting adjustments (8,934 ) (3,110 ) (12,044 ) Total consumer loans $ 8,525,084 1,314,695 9,839,779 December 31, 2015 By LTV/CLTV: 0-60% $ 4,408,951 381,782 4,790,733 60.01-80% 3,628,951 355,758 3,984,709 80.01-100% 718,484 352,406 1,070,890 100.01-120% (1) 125,295 196,760 322,055 > 120% (1) 55,217 101,808 157,025 No LTV/CLTV available 23,588 2,521 26,109 Remaining PCI accounting adjustments (10,057 ) (3,017 ) (13,074 ) Total consumer loans $ 8,950,429 1,388,018 10,338,447 (1) Reflects total loan balances with LTV/CLTV amounts in excess of 100%. In the event of default, the loss content would generally be limited to only the amount in excess of 100% LTV/CLTV.
Nonaccrual Loans	The following table provides loans on nonaccrual status. PCI loans are excluded from this table due to the existence of the accretable yield. (in thousands) Mar 31, Dec 31, Commercial: Commercial and industrial $ — — Secured by real estate 3,733 1,706 Total commercial 3,733 1,706 Consumer: Real estate 1-4 family first mortgage 196,967 201,531 Real estate 1-4 family junior lien mortgage 62,316 64,718 Total consumer 259,283 266,249 Total nonaccrual loans (excluding PCI) $ 263,016 267,955
90 days Past Due but Still Accruing Loans	The following table shows non-PCI loans 90 days or more past due and still accruing. (in thousands) Mar 31, 2016 Dec 31, 2015 Commercial: Commercial and industrial $ — — Secured by real estate — 2,252 Total commercial — 2,252 Consumer: Real estate 1-4 family first mortgage 5,001 8,365 Real estate 1-4 family junior lien mortgage 2,056 2,462 Total consumer 7,057 10,827 Total past due (excluding PCI) $ 7,057 13,079
Impaired Loans	The table below includes trial modifications that totaled $14.7 million at March 31, 2016 and $15.7 million at December 31, 2015 . Recorded investment (in thousands) Unpaid principal balance Impaired loans Impaired loans with related allowance for credit losses Related allowance for credit losses March 31, 2016 Commercial: Commercial and industrial $ — — — — Secured by real estate 5,053 4,395 4,395 2,159 Total commercial 5,053 4,395 4,395 2,159 Consumer: Real estate 1-4 family first mortgage 454,113 377,450 255,636 43,499 Real estate 1-4 family junior lien mortgage 126,036 113,041 93,082 28,518 Total consumer 580,149 490,491 348,718 72,017 Total impaired loans (excluding PCI) $ 585,202 494,886 353,113 74,176 December 31, 2015 Commercial: Commercial and industrial $ — — — — Secured by real estate 4,097 3,378 3,378 783 Total commercial 4,097 3,378 3,378 783 Consumer: Real estate 1-4 family first mortgage 461,186 382,596 256,669 44,077 Real estate 1-4 family junior lien mortgage 130,787 117,269 96,511 29,598 Total consumer 591,973 499,865 353,180 73,675 Total impaired loans (excluding PCI) $ 596,070 503,243 356,558 74,458
Impaired Loans, Average Recorded Investment and Interest Income	The following table provides the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans by portfolio segment and class. Quarter ended March 31, 2016 2015 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Commercial: Commercial and industrial $ — — — — Secured by real estate 3,987 6 6,010 41 Total commercial 3,987 6 6,010 41 Consumer: Real estate 1-4 family first mortgage 380,766 5,548 395,007 5,571 Real estate 1-4 family junior lien mortgage 115,594 2,383 123,859 2,440 Total consumer 496,360 7,931 518,866 8,011 Total impaired loans $ 500,347 7,937 524,876 8,052 Interest income: Cash basis of accounting $ 2,472 2,575 Other (1) 5,465 5,477 Total interest income $ 7,937 8,052 (1) Includes interest recognized on accruing TDRs, interest recognized related to certain impaired loans which have an allowance calculated using discounting, and amortization of purchase accounting adjustments related to certain impaired loans.
Troubled Debt Restructurings, Modification by Type	For those loans that may be modified more than once, the following table reflects each modification that occurred during the period. Loans that both modify and pay off within the period, as well as changes in recorded investment during the period for loans modified in prior periods, are not included in the table. Primary modification type (1) Financial effects of modifications (in thousands) Principal (2) Interest rate reduction Other concessions (3) Total Charge- offs (4) Weighted average interest rate reduction Recorded investment related to interest rate reduction (5) Quarter ended March 31, 2016 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 1,848 1,848 — — — Total commercial — — 1,848 1,848 — — — Consumer: Real estate 1-4 family first mortgage 1,924 2,502 5,741 10,167 531 3.61 4,144 Real estate 1-4 family junior lien mortgage 72 1,253 1,027 2,352 660 3.89 1,292 Trial modifications (6) — — (649 ) (649 ) — — — Total consumer 1,996 3,755 6,119 11,870 1,191 3.67 5,436 Total $ 1,996 3,755 7,967 13,718 1,191 3.67 % $ 5,436 Quarter ended March 31, 2015 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 2,383 2,383 — — — Total commercial — — 2,383 2,383 — — — Consumer: Real estate 1-4 family first mortgage 1,795 5,870 4,275 11,940 830 3.13 7,354 Real estate 1-4 family junior lien mortgage 159 1,151 1,480 2,790 518 5.31 1,242 Trial modifications (6) — — (296 ) (296 ) — — — Total consumer 1,954 7,021 5,459 14,434 1,348 3.45 8,596 Total $ 1,954 7,021 7,842 16,817 1,348 3.45 % $ 8,596 (1) Amounts represent the recorded investment in loans after recognizing the effects of the TDR, if any. TDRs may have multiple types of concessions, but are presented only once in the first modification type based on the order presented in the table above. The reported amounts include loans remodified of $2.0 million and $2.7 million for the quarters ended March 31, 2016 and 2015 , respectively. (2) Principal modifications include principal forgiveness at the time of the modification, contingent principal forgiveness granted over the life of the loan based on borrower performance, and principal that has been legally separated and deferred to the end of the loan, with a zero percent contractual interest rate. (3) Other concessions include loan renewals, term extensions and other interest and noninterest adjustments, but exclude modifications that also forgive principal and/or reduce the interest rate. (4) Charge-offs include write-downs of the investment in the loan in the period it is contractually modified. The amount of charge-off will differ from the modification terms if the loan has been charged down prior to the modification based on our policies. In addition, there may be cases where we have a charge-off/down with no legal principal modification. Modifications resulted in legally forgiving principal (actual, contingent or deferred) of $306 thousand and $609 thousand for the quarters ended March 31, 2016 and 2015 , respectively. (5) Reflects the effect of reduced interest rates on loans with an interest rate concession as one of their concession types, which includes loans reported as a principal primary modification type that also have an interest rate concession. (6) Trial modifications are granted a delay in payments due under the original terms during the trial payment period. However, these loans continue to advance through delinquency status and accrue interest according to their original terms. Any subsequent permanent modification generally includes interest rate related concessions; however, the exact concession type and resulting financial effect are usually not known until the loan is permanently modified. Trial modifications for the period are presented net of previously reported trial modifications that became permanent in the current period.
Troubled Debt Restructuring, Current Defaults	The table below summarizes permanent modification TDRs that have defaulted in the current period within 12 months of their permanent modification date. We report these defaulted TDRs based on a payment default definition of 90 days past due for the commercial portfolio segment and 60 days past due for the consumer portfolio segment. Recorded investment of defaults Quarter ended March 31, (in thousands) 2016 2015 Commercial: Commercial and industrial $ — — Secured by real estate 807 — Total commercial 807 — Consumer: Real estate 1-4 family first mortgage 549 1,565 Real estate 1-4 family junior lien mortgage 251 266 Total consumer 800 1,831 Total 1,607 1,831

Fair Values of Assets and Lia16

Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Estimated for Financial Instruments Not Carried at Fair Value	The table below is a summary of fair value estimates by level for financial instruments. The carrying amounts in the following table are recorded in the balance sheet under the indicated captions. We have not included assets and liabilities that are not financial instruments in our disclosure, such as other assets and other liabilities. The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying value of the Company. Carrying amount Estimated fair value (in thousands) Level 1 Level 2 Level 3 Total March 31, 2016 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 12,363,824 — — 13,202,390 13,202,390 Financial liabilities Line of credit with Bank (1) 182,099 — — 182,099 182,099 December 31, 2015 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 13,135,314 — — 13,892,807 13,892,807 Financial liabilities Line of credit with Bank (1) 828,149 — — 828,149 828,149 (1) Amounts consist of financial instruments in which carrying value approximates fair value. (2) Carrying amount reflects net discount and allowance for loan losses.

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Summary of preferred stock and common stock	The following table provides details of our authorized common and preferred stock. March 31, 2016 and December 31, 2015 Liquidation Shares Shares Par value Carrying Preferred stock: Series A 6.375%, Cumulative, Perpetual Series A Preferred Stock $ 25 11,000,000 11,000,000 $ 0.01 110,000 Series B $85 Annual Dividend Per Share, Cumulative, Perpetual Series B Preferred Stock 1,000 1,000 667 0.01 7 Common stock 100,000,000 12,900,000 0.01 129,000 Total 111,001,000 23,900,667 $ 239,007

Transactions with Related Par18

Transactions with Related Parties (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Transactions with Related Parties	The principal items related to transactions with affiliated parties included in the accompanying statement of income and balance sheet are described in the table and narrative below. Quarter ended March 31, (in thousands) 2016 2015 Income statement data Interest income: Accretion and amortization of adjustments on loans $ 17,395 16,526 Interest on deposits — 12 Total interest income 17,395 16,538 Pledge fees 3,720 — Interest expense 604 236 Loan servicing costs 8,724 8,820 Management fees 3,911 2,708 (in thousands) Mar 31, Dec 31, Balance sheet related data Loan acquisitions (year-to-date) (1) $ — 3,303,296 Loan sales (year-to-date) (1,837 ) (11,751 ) Pledged loans (carrying value) (2) 5,064,781 5,760,284 Foreclosed asset sales (year-to-date) (2,029 ) (11,137 ) Line of credit with Bank 182,099 828,149 Accounts receivable - affiliates, net 195,945 70,982 (1) Includes accrued interest, see Note 2 (Loans and Allowance for Credit Losses) for additional details. (2) The fair value of pledged loans was approximately $5.4 billion and $6.1 billion at March 31, 2016 and December 31, 2015 , respectively .

Loans and Allowance for Credi19

Loans and Allowance for Credit Losses, Loans Outstanding (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ 285,100	$ 301,300
Total loans	12,482,597	13,256,180
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,642,818	2,917,733
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	31,160	46,712
Secured by real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,611,658	2,871,021
Total consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	9,839,779	10,338,447
Real estate 1-4 family first mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,525,084	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,314,695	$ 1,388,018
California, New Jersey, Florida, Pennsylvania and Virginia [Member] | Geographic Concentration Risk [Member] | Loans And Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk, Percentage	43.00%

Loans and Allowance for Credi20

Loans and Allowance for Credit Losses, Significant Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	$ 0	$ 0
Loan sales	(1,837)	(2,438)
Total commercial [Member]
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	0	0
Loan sales	0	0
Loans and Leases Receivable, Commitment to Lend	336,700		$ 399,500
Total consumer [Member]
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	0	0
Loan sales	$ (1,837)	$ (2,438)

Loans and Allowance for Credi21

Loans and Allowance for Credit Losses, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 121,538	$ 185,174
Provision for credit losses	5,528	3,310
Interest income on certain impaired loans	(1,180)	(1,080)
Loan charge-offs	(10,932)	(14,330)
Loan recoveries	4,499	4,042
Net loan charge-offs	(6,433)	(10,288)
Balance, end of period	119,453	177,116
Components:
Allowance for loan losses			$ 118,773	$ 120,866	$ 176,473
Allowance for unfunded credit commitments			680		643
Allowance for credit losses	$ 121,538	$ 185,174	$ 119,453	121,538	$ 177,116
Net loan charge-offs (annualized) as a percentage of average total loans	0.20%	0.33%
Allowance for loan losses as a percentage of total loans			0.95%		1.44%
Allowance for credit losses as a percentage of total loans			0.96%		1.44%
Total commercial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 17,676	$ 19,476
Provision for credit losses	83	494
Interest income on certain impaired loans	0	0
Loan charge-offs	(2)	(296)
Loan recoveries	20	5
Net loan charge-offs	18	(291)
Balance, end of period	17,777	19,679
Components:
Allowance for credit losses	17,676	19,476	$ 17,777	17,676	$ 19,679
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	0	0
Loan recoveries	0	0
Secured by real estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(2)	(296)
Loan recoveries	20	5
Total consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	103,862	165,698
Provision for credit losses	5,445	2,816
Interest income on certain impaired loans	(1,180)	(1,080)
Loan charge-offs	(10,930)	(14,034)
Loan recoveries	4,479	4,037
Net loan charge-offs	(6,451)	(9,997)
Balance, end of period	101,676	157,437
Components:
Allowance for credit losses	103,862	165,698	$ 101,676	$ 103,862	$ 157,437
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(4,324)	(5,457)
Loan recoveries	1,043	1,166
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(6,606)	(8,577)
Loan recoveries	$ 3,436	$ 2,871

Loans and Allowance for Credi22

Loans and Allowance for Credit Losses, Allowance for Credit Losses by Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 121,538	$ 185,174
Provision for credit losses	5,528	3,310
Interest income on certain impaired loans	(1,180)	(1,080)
Loan charge-offs	(10,932)	(14,330)
Loan recoveries	4,499	4,042
Net loan charge-offs	(6,433)	(10,288)
Balance, end of period	119,453	177,116
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	17,676	19,476
Provision for credit losses	83	494
Interest income on certain impaired loans	0	0
Loan charge-offs	(2)	(296)
Loan recoveries	20	5
Net loan charge-offs	18	(291)
Balance, end of period	17,777	19,679
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	103,862	165,698
Provision for credit losses	5,445	2,816
Interest income on certain impaired loans	(1,180)	(1,080)
Loan charge-offs	(10,930)	(14,034)
Loan recoveries	4,479	4,037
Net loan charge-offs	(6,451)	(9,997)
Balance, end of period	$ 101,676	$ 157,437

Loans and Allowance for Credi23

Loans and Allowance for Credit Losses, Allowance for Credit Losses by Credit Impairment Methodology (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Allowance for credit losses
Collectively evaluated	$ 45,277	$ 47,080
Individually evaluated	74,176	74,458
Allowance for credit losses	119,453	121,538	$ 177,116	$ 185,174
Recorded investment in loans
Collectively evaluated	11,968,077	12,731,404
Individually evaluated	494,886	503,243
Total loans	12,482,597	13,256,180
Commercial Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	15,618	16,893
Individually evaluated	2,159	783
Current-29 days past due (DPD) and still accruing	2,635,008	2,912,788
Allowance for credit losses	17,777	17,676	19,679	19,476
Recorded investment in loans
Collectively evaluated	2,637,247	2,913,168
Individually evaluated	4,395	3,378
Total loans	2,642,818	2,917,733
Consumer Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	29,659	30,187
Individually evaluated	72,017	73,675
Current-29 days past due (DPD) and still accruing	9,618,803	10,105,109
Allowance for credit losses	101,676	103,862	$ 157,437	$ 165,698
Recorded investment in loans
Collectively evaluated	9,330,830	9,818,236
Individually evaluated	490,491	499,865
Total loans	9,839,779	10,338,447
Allowance for Doubtful Accounts [Member]
Allowance for credit losses
Allowance for credit losses	0	0
Allowance for Doubtful Accounts [Member] | Commercial Portfolio Segment [Member]
Allowance for credit losses
Allowance for credit losses	0	0
Allowance for Doubtful Accounts [Member] | Consumer Portfolio Segment [Member]
Allowance for credit losses
Allowance for credit losses	0	0
PCI Loans Carrying Value [Member]
Allowance for credit losses
Current-29 days past due (DPD) and still accruing	19,634	21,533
PCI Loans Carrying Value [Member] | Commercial Portfolio Segment [Member]
Allowance for credit losses
Current-29 days past due (DPD) and still accruing	1,176	1,187
PCI Loans Carrying Value [Member] | Consumer Portfolio Segment [Member]
Allowance for credit losses
Current-29 days past due (DPD) and still accruing	$ 18,458	$ 20,346

Loans and Allowance for Credi24

Loans and Allowance for Credit Losses, Loans by Credit Quality Indicator, Commercial (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 12,482,597	$ 13,256,180
Total commercial [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	2,642,818	2,917,733
Total commercial [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	2,624,561	2,895,325
Total commercial [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	18,257	22,408
Commercial and industrial [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	31,160	46,712
Commercial and industrial [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	31,160	46,712
Commercial and industrial [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	0	0
Secured by real estate [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	2,611,658	2,871,021
Secured by real estate [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	2,593,401	2,848,613
Secured by real estate [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 18,257	$ 22,408

Loans and Allowance for Credi25

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Commercial (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
By delinquency status:
Nonaccrual loans	$ 263,016	$ 267,955
Total loans	12,482,597	13,256,180
Total commercial [Member]
By delinquency status:
Current-29 days past due (DPD) and still accruing	2,635,008	2,912,788
30-89 DPD and still accruing	3,102	12
90 days and more past due and still accruing	975	3,227
Nonaccrual loans	3,733	1,706
Total loans	2,642,818	2,917,733
Commercial and industrial [Member]
By delinquency status:
Current-29 days past due (DPD) and still accruing	31,160	46,712
30-89 DPD and still accruing	0	0
90 days and more past due and still accruing	0	0
Nonaccrual loans	0	0
Total loans	31,160	46,712
Secured by real estate [Member]
By delinquency status:
Current-29 days past due (DPD) and still accruing	2,603,848	2,866,076
30-89 DPD and still accruing	3,102	12
90 days and more past due and still accruing	975	3,227
Nonaccrual loans	3,733	1,706
Total loans	$ 2,611,658	$ 2,871,021

Loans and Allowance for Credi26

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Consumer (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
By delinquency status:
Total loans	$ 12,482,597	$ 13,256,180
Total consumer [Member]
By delinquency status:
Current-29 DPD	9,618,803	10,105,109
Remaining PCI accounting adjustments	(12,044)	(13,074)
Total loans	9,839,779	10,338,447
Real estate 1-4 family first mortgage [Member]
By delinquency status:
Current-29 DPD	8,358,993	8,776,254
Remaining PCI accounting adjustments	(8,934)	(10,057)
Total loans	8,525,084	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Current-29 DPD	1,259,810	1,328,855
Remaining PCI accounting adjustments	(3,110)	(3,017)
Total loans	1,314,695	1,388,018
Financing Receivables, 30 to 59 Days Past Due [Member] | Total consumer [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	59,532	62,262
Financing Receivables, 30 to 59 Days Past Due [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	42,832	42,987
Financing Receivables, 30 to 59 Days Past Due [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	16,700	19,275
Financing Receivables, 60 to 89 Days Past Due [Member] | Total consumer [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	32,882	33,053
Financing Receivables, 60 to 89 Days Past Due [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	22,527	24,004
Financing Receivables, 60 to 89 Days Past Due [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	10,355	9,049
90-119 Days Past Due [Member] | Total consumer [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	14,692	19,301
90-119 Days Past Due [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	10,163	14,201
90-119 Days Past Due [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	4,529	5,100
120-179 DPD member [Member] | Total consumer [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	17,039	21,780
120-179 DPD member [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	11,050	14,976
120-179 DPD member [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	5,989	6,804
180 plus DPD [Member] | Total consumer [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	108,875	110,016
180 plus DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	88,453	88,064
180 plus DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Financing Receivable, Recorded Investment, Past Due	$ 20,422	$ 21,952

Loans and Allowance for Credi27

Loans and Allowance for Credit Losses, Loans by FICO Score, Consumer (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
By FICO:
Total loans	$ 12,482,597	$ 13,256,180
Total consumer [Member]
By FICO:
Less than 600	417,017	404,608
600-639	315,686	323,097
640-679	550,154	612,504
680-719	1,046,915	1,099,944
720-759	1,608,621	1,704,903
760-799	3,746,102	3,978,543
800 and greater	2,038,211	2,098,276
No FICO available	129,117	129,646
Remaining PCI accounting adjustments	(12,044)	(13,074)
Total loans	9,839,779	10,338,447
Real estate 1-4 family first mortgage [Member]
By FICO:
Less than 600	271,209	262,799
600-639	219,765	214,494
640-679	385,235	431,433
680-719	820,176	860,106
720-759	1,348,120	1,433,933
760-799	3,475,802	3,696,156
800 and greater	1,901,631	1,952,028
No FICO available	112,080	109,537
Remaining PCI accounting adjustments	(8,934)	(10,057)
Total loans	8,525,084	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Less than 600	145,808	141,809
600-639	95,921	108,603
640-679	164,919	181,071
680-719	226,739	239,838
720-759	260,501	270,970
760-799	270,300	282,387
800 and greater	136,580	146,248
No FICO available	17,037	20,109
Remaining PCI accounting adjustments	(3,110)	(3,017)
Total loans	$ 1,314,695	$ 1,388,018

Loans and Allowance for Credi28

Loans and Allowance for Credit Losses, Loans by Loan to Value Ratio, Consumer (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
High Value Properties, Threshold	$ 1,000
By LTV/CLTV:
Total loans	12,482,597	$ 13,256,180
Total consumer [Member]
By LTV/CLTV:
0-60%	4,503,172	4,790,733
60.01-80%	3,858,582	3,984,709
80.01-100%	1,020,189	1,070,890
100.01-120%	294,838	322,055
Greater than 120%	151,269	157,025
No LTV/CLTV available	23,773	26,109
Remaining PCI accounting adjustments	(12,044)	(13,074)
Total loans	9,839,779	10,338,447
Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
0-60%	4,142,355	4,408,951
60.01-80%	3,527,566	3,628,951
80.01-100%	680,316	718,484
100.01-120%	107,782	125,295
Greater than 120%	54,400	55,217
No LTV/CLTV available	21,599	23,588
Remaining PCI accounting adjustments	(8,934)	(10,057)
Total loans	8,525,084	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
0-60%	360,817	381,782
60.01-80%	331,016	355,758
80.01-100%	339,873	352,406
100.01-120%	187,056	196,760
Greater than 120%	96,869	101,808
No LTV/CLTV available	2,174	2,521
Remaining PCI accounting adjustments	(3,110)	(3,017)
Total loans	$ 1,314,695	$ 1,388,018

Loans and Allowance for Credi29

Loans and Allowance for Credit Losses, Nonaccrual (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 263,016	$ 267,955
Total commercial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	3,733	1,706
Commercial and industrial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	0	0
Secured by real estate [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	3,733	1,706
Total consumer [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	259,283	266,249
Real estate 1-4 family first mortgage [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	196,967	201,531
Real estate 1-4 family junior lien mortgage [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 62,316	$ 64,718

Loans and Allowance for Credi30

Loans and Allowance for Credit Losses, 90 Days Past Due but Still Accruing (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable Acquired With Deteriorated Credit Quality [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	$ 3,100	$ 4,400
Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	7,057	13,079
Total commercial [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	975	3,227
Total commercial [Member] | Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	2,252
Commercial and industrial [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	0
Commercial and industrial [Member] | Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	0
Secured by real estate [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	975	3,227
Secured by real estate [Member] | Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	2,252
Total consumer [Member] | Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	7,057	10,827
Real estate 1-4 family first mortgage [Member] | Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	5,001	8,365
Real estate 1-4 family junior lien mortgage [Member] | Loans past due excluding Purchased Credit Impaired Loans [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	$ 2,056	$ 2,462

Loans and Allowance for Credi31

Loans and Allowance for Credit Losses, Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Impaired Loans [Abstract]
Unpaid principal balance	$ 585,202	$ 596,070
Impaired Loans, recorded investment	494,886	503,243
Impaired Loans with related allowance for credit losses, recorded investment	353,113	356,558
Related allowance for credit losses	74,176	74,458
Total commercial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	5,053	4,097
Impaired Loans, recorded investment	4,395	3,378
Impaired Loans with related allowance for credit losses, recorded investment	4,395	3,378
Related allowance for credit losses	2,159	783
Commercial and industrial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	0	0
Impaired Loans, recorded investment	0	0
Impaired Loans with related allowance for credit losses, recorded investment	0	0
Related allowance for credit losses	0	0
Secured by real estate [Member]
Impaired Loans [Abstract]
Unpaid principal balance	5,053	4,097
Impaired Loans, recorded investment	4,395	3,378
Impaired Loans with related allowance for credit losses, recorded investment	4,395	3,378
Related allowance for credit losses	2,159	783
Total consumer [Member]
Impaired Loans [Abstract]
Unpaid principal balance	580,149	591,973
Impaired Loans, recorded investment	490,491	499,865
Impaired Loans with related allowance for credit losses, recorded investment	348,718	353,180
Related allowance for credit losses	72,017	73,675
Real estate 1-4 family first mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	454,113	461,186
Impaired Loans, recorded investment	377,450	382,596
Impaired Loans with related allowance for credit losses, recorded investment	255,636	256,669
Related allowance for credit losses	43,499	44,077
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	126,036	130,787
Impaired Loans, recorded investment	113,041	117,269
Impaired Loans with related allowance for credit losses, recorded investment	93,082	96,511
Related allowance for credit losses	28,518	29,598
Trial modifications [Member]
Impaired Loans [Abstract]
Impaired Loans, recorded investment	$ 14,700	$ 15,700

Loans and Allowance for Credi32

Loans and Allowance for Credit Losses, Impaired Loans, Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	$ 500,347	$ 524,876
Recognized interest income	7,937	8,052
Interest income:
Cash basis of accounting	2,472	2,575
Other	5,465	5,477
Total commercial [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	3,987	6,010
Recognized interest income	6	41
Commercial and industrial [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	0	0
Recognized interest income	0	0
Secured by real estate [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	3,987	6,010
Recognized interest income	6	41
Total consumer [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	496,360	518,866
Recognized interest income	7,931	8,011
Real estate 1-4 family first mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	380,766	395,007
Recognized interest income	5,548	5,571
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	115,594	123,859
Recognized interest income	$ 2,383	$ 2,440

Loans and Allowance for Credi33

Loans and Allowance for Credit Losses, Troubled Debt Restructurings Modifications by Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 494,886		$ 503,243
Loans remodified	2,000	$ 2,700
Primary modification type
Principal	1,996	1,954
Interest rate reduction	3,755	7,021
Other concessions	7,967	7,842
Total	13,718	16,817
Financial effects of modifications
Charge-offs	$ 1,191	$ 1,348
Weighted average interest rate reduction	3.67%	3.45%
Recorded investment related to interest rate reduction	$ 5,436	$ 8,596
Financing Receivable Modifications Principal Forgiven	306	609
Total commercial [Member]
Primary modification type
Principal	0	0
Interest rate reduction	0	0
Other concessions	1,848	2,383
Total	1,848	2,383
Financial effects of modifications
Charge-offs	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%
Recorded investment related to interest rate reduction	$ 0	$ 0
Commercial and industrial [Member]
Primary modification type
Principal	0	0
Interest rate reduction	0	0
Other concessions	0	0
Total	0	0
Financial effects of modifications
Charge-offs	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%
Recorded investment related to interest rate reduction	$ 0
Secured by real estate [Member]
Primary modification type
Principal	0	$ 0
Interest rate reduction	0	0
Other concessions	1,848	2,383
Total	1,848	2,383
Financial effects of modifications
Charge-offs	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%
Recorded investment related to interest rate reduction	$ 0	$ 0
Total consumer [Member]
Primary modification type
Principal	1,996	1,954
Interest rate reduction	3,755	7,021
Other concessions	6,119	5,459
Total	11,870	14,434
Financial effects of modifications
Charge-offs	$ 1,191	$ 1,348
Weighted average interest rate reduction	3.67%	3.45%
Recorded investment related to interest rate reduction	$ 5,436	$ 8,596
Real estate 1-4 family first mortgage [Member]
Primary modification type
Principal	1,924	1,795
Interest rate reduction	2,502	5,870
Other concessions	5,741	4,275
Total	10,167	11,940
Financial effects of modifications
Charge-offs	$ 531	$ 830
Weighted average interest rate reduction	3.61%	3.13%
Recorded investment related to interest rate reduction	$ 4,144	$ 7,354
Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Principal	72	159
Interest rate reduction	1,253	1,151
Other concessions	1,027	1,480
Total	2,352	2,790
Financial effects of modifications
Charge-offs	$ 660	$ 518
Weighted average interest rate reduction	3.89%	5.31%
Recorded investment related to interest rate reduction	$ 1,292	$ 1,242
Trial modifications [Member]
Primary modification type
Principal	0	0
Interest rate reduction	0	0
Other concessions	(649)	(296)
Total	(649)	(296)
Financial effects of modifications
Charge-offs	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%
Recorded investment related to interest rate reduction	$ 0	$ 0
Trial modifications [Member] | Home Affordable Modification Program [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	7,500		7,400
Trial modifications [Member] | Proprietary Program [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	6,400		7,600
Trial modifications [Member] | Second Lien Modification Program [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	790		700
Financing Receivable Accruing [Member] | Trial modifications [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	5,300		5,800
Financing Receivable Nonaccruing [Member] | Trial modifications [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 9,400		$ 9,900

Loans and Allowance for Credi34

Loans and Allowance for Credit Losses, Troubled Debt Restructurings, Current Defaults (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 1,607	$ 1,831
Total commercial [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	807	0
Commercial and industrial [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	0	0
Secured by real estate [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	807	0
Total consumer [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	800	1,831
First Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	549	1,565
Second Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 251	$ 266

Fair Value, Estimates for Finan

Fair Value, Estimates for Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage of assets measured on fair value nonrecurring basis (less than 1%)	1.00%	1.00%
Financial assets
Cash and cash equivalents	$ 0	$ 0	$ 157,207	$ 0
Loans, net	12,363,824	13,135,314
Carrying amount [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	12,363,824	13,135,314
Financial liabilities
Line of credit with Bank	182,099	828,149
Estimated fair value [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	13,202,390	13,892,807
Financial liabilities
Line of credit with Bank	182,099	828,149
Estimated fair value [Member] | Level 1 [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	0	0
Financial liabilities
Line of credit with Bank	0	0
Estimated fair value [Member] | Level 2 [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	0	0
Financial liabilities
Line of credit with Bank	0	0
Estimated fair value [Member] | Level 3 [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	13,202,390	13,892,807
Financial liabilities
Line of credit with Bank	$ 182,099	$ 828,149

Common and Preferred Stock (Det

Common and Preferred Stock (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Shares authorized	111,001,000	111,001,000
Shares, Issued	23,900,667	23,900,667
Shares, Outstanding	23,900,667	23,900,667
Carrying value	$ 239,007	$ 239,007
Common stock
Shares authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	12,900,000	12,900,000
Par value (in dollars per share)	$ 0.01	$ 0.01
Carrying value	$ 129,000	$ 129,000
Common Stock, Shares, Outstanding	12,900,000	12,900,000
Series A Preferred Stock [Member]
Preferred stock:
Dividend rate, percentage	6.375%	6.375%
Liquidation preference per share (in dollars per share)	$ 25	$ 25
Shares authorized	11,000,000	11,000,000
Preferred Stock, Shares Issued	11,000,000	11,000,000
Shares outstanding	11,000,000	11,000,000
Par value per share (in dollars per share)	$ 0.01	$ 0.01
Carrying value	$ 110,000	$ 110,000
Series B Preferred Stock [Member]
Preferred stock:
Dividend rate (in dollars per share)	$ 85	$ 85
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Shares authorized	1,000	1,000
Preferred Stock, Shares Issued	667	667
Shares outstanding	667	667
Par value per share (in dollars per share)	$ 0.01	$ 0.01
Carrying value	$ 7	$ 7

Transactions with Related Par37

Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	$ 5,400,000		$ 6,100,000
Interest income:
Total interest income	163,491	$ 165,991
Pledge fees	3,720	0
Interest expense	604	236
Loan servicing costs	8,731	8,829
Management fees	3,911	2,708
Balance sheet related data
Loan acquisitions (year-to-date)	0	0
Loan sales (year-to-date)	(1,837)	(2,438)
Line of credit with Bank	182,099		828,149
Accounts receivable - affiliates, net	$ 195,945		70,982
Affiliated Entity [Member]
Balance sheet related data
Pledged Loans, Collateral Threshold, Percentage Of Total Assets	80.00%
Related party [Member]
Interest income:
Accretion and amortization of adjustments on loans	$ 17,395	16,526
Interest on deposits	0	12
Total interest income	17,395	16,538
Pledge fees	3,720	0
Interest expense	604	236
Loan servicing costs	8,724	8,820
Management fees	3,911	2,708
Balance sheet related data
Loan acquisitions (year-to-date)	0	3,303,296
Loan sales (year-to-date)	(1,837)	(11,751)
Pledged loans (carrying value)	5,064,781		5,760,284
Foreclosed asset sales (year-to-date)	(2,029)	$ (11,137)
Line of credit with Bank	182,099		828,149
Accounts receivable - affiliates, net	$ 195,945		$ 70,982
Pledged loan annual basis point rate applied to UPB	0.28%
Revolving Credit Facility [Member] | Affiliated Entity [Member]
Balance sheet related data
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,200,000
Federal Funds Effective Swap Rate [Member] | Revolving Credit Facility [Member] | Affiliated Entity [Member]
Balance sheet related data
Debt Instrument, Basis Spread on Variable Rate	0.125%