Wells Fargo Real Estate Investment (WFE) 10-Q 7 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 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	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		34,058,028

Statement of Income (Unaudited)

Statement of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income	$ 224,690	$ 171,567	$ 554,364	$ 506,412
Interest expense	1,272	377	2,029	644
Net interest income	223,418	171,190	552,335	505,768
Provision (reversal of provision) for credit losses	18,743	(23,023)	30,174	(23,914)
Net interest income after provision for credit losses	204,675	194,213	522,161	529,682
Noninterest income
Pledge fees	8,715	1,538	16,457	1,856
Other fees	(785)	140	(557)	418
Total noninterest income	7,930	1,678	15,900	2,274
Noninterest expense
Loan servicing costs	13,309	9,080	30,855	26,622
Management fees	4,441	2,871	11,843	8,328
Foreclosed assets	3,174	3,772	9,627	8,676
Other	418	258	716	808
Total noninterest expense	21,342	15,981	53,041	44,434
Net income	191,263	179,910	485,020	487,522
Comprehensive income	191,263	179,910	485,020	487,522
Dividends on preferred stock	4,397	4,397	13,191	13,191
Net income applicable to common stock	$ 186,866	$ 175,513	$ 471,829	$ 474,331
Per common share information
Earnings per common share (in dollars per share)	$ 8.82	$ 13.61	$ 30.09	$ 36.77
Diluted earnings per common share (in dollars per share)	8.82	13.61	30.09	36.77
Dividends declared per common share (in dollars per share)	$ 6.31	$ 11.25	$ 28.01	$ 32.95
Average common shares outstanding (in shares)	21,179	12,900	15,680	12,900
Diluted average common shares outstanding (in shares)	21,179	12,900	15,680	12,900

Balance Sheet

Balance Sheet - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 0	$ 0
Loans, net of unearned income	33,501,153	13,256,180
Allowance for loan losses	(130,715)	(120,866)
Net loans	33,370,438	13,135,314
Accounts receivable - affiliates, net	302,171	70,982
Other assets	91,011	38,572
Total assets	33,763,620	13,244,868
Liabilities
Line of credit with Bank	1,369,954	828,149
Other liabilities	3,880	3,812
Total liabilities	1,373,834	831,961
Stockholders’ Equity
Preferred stock	110	110
Common stock – $0.01 par value, authorized 100,000,000 shares; issued and outstanding 34,058,028 and 12,900,000 shares	341	129
Additional paid-in capital	32,550,660	12,550,822
Retained earnings (deficit)	(161,325)	(138,154)
Total stockholders’ equity	32,389,786	12,412,907
Total liabilities and stockholders’ equity	$ 33,763,620	$ 13,244,868

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical) - $ / shares	Sep. 30, 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	34,058,028	12,900,000
Common stock, shares issued	34,058,028	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	487,522						487,522
Cash dividends
Preferred securities		$ (13,148)	$ (43)					$ (13,148)	$ (43)
Common stock	(425,000)						(425,000)
Ending balance at Sep. 30, 2015	12,405,848			110	129	12,550,822	(145,213)
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	485,020						485,020
Common stock issued	20,000,050				212	19,999,838	0
Cash dividends
Preferred securities		$ (13,148)	$ (43)					$ (13,148)	$ (43)
Common stock	(495,000)						(495,000)
Ending balance at Sep. 30, 2016	$ 32,389,786			$ 110	$ 341	$ 32,550,660	$ (161,325)

Statement of Changes in Stockh6

Statement of Changes in Stockholders' Equity (Parenthetical) (Unaudited) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Common stock, dividend per share (in dollars per share)	$ 28.01	$ 32.95
Series A Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	1.20	1.20
Series B Preferred Stock [Member]
Preferred stock, dividend per share (in dollars per share)	$ 63.75	$ 63.75

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 485,020	$ 487,522
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of adjustments on loans	(42,538)	(62,904)
Provision (reversal of provision) for credit losses	30,174	(23,914)
Other operating activities, net	(67,753)	(10,495)
Net cash provided by operating activities	404,903	390,209
Increase (decrease) in cash realized from Loans:
Acquisitions	(23,339,146)	(2,495,142)
Proceeds from payments and sales	2,900,579	2,291,261
Net cash used by investing activities	(20,438,567)	(203,881)
Increase (decrease) in cash realized from
Draws on line of credit with Bank	3,146,666	1,348,643
Repayments of line of credit with Bank	(2,604,861)	(1,095,758)
Common stock issued	20,000,050	0
Cash dividends paid	(508,191)	(439,213)
Net cash provided (used) by financing activities	20,033,664	(186,328)
Net change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Change in noncash items:
Transfer from loans to foreclosed assets	$ 11,920	$ 8,472

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies Wells Fargo Real Estate Investment Corporation (the Company, we, our or us) is 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). For discussion of our significant accounting policies, see Note 1 (Summary of Significant Accounting Policies) in our Annual Report on Form 10-K for the year ended December 31, 2015 ( 2015 Form 10-K). There were no material changes to these policies in the first nine months of 2016 . 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. Accounting Standards with Retrospective Application The following accounting pronouncement has been issued by the FASB but is not yet effective: • ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice for reporting in the Statement of Cash Flows. The Update is effective for us in first quarter 2018 with retrospective application. We are evaluating the impact the Update will have on our financial statements. Subsequent Events We have evaluated the effects of events that have occurred subsequent to September 30, 2016 . There were no material subsequent events requiring adjustment to the financial statements or disclosure in the Notes to Financial Statements. During the first week of October 2016, Hurricane Matthew caused destruction along the coasts of Florida, Georgia, South Carolina and North Carolina and resulted in, among other things, property damage for our customers and the closing of many businesses. We are currently assessing the impact to our customers and our business as a result of Hurricane Matthew. The financial impact to us is expected to relate to our consumer and commercial real estate loan portfolios and will depend on a number of factors, including the types of loans most affected by the hurricane, the extent of damage to our collateral, the extent of available insurance coverage, the availability of government assistance for our borrowers, and whether our borrowers’ ability to repay their loans has been diminished.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 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. The majority of our loans are concentrated in California, New York, Washington, Virginia and Florida. These markets include approximately 58% of our total loan balance at September 30, 2016 . The following table presents total loans outstanding by portfolio segment and class of financing receivable. Outstanding balances include a total net addition of $76.1 million at September 30, 2016 and a net reduction of $301.3 million at December 31, 2015 , for unamortized premiums and discounts. (in thousands) Sep 30, Dec 31, Commercial: Commercial and industrial $ 9,606 46,712 Secured by real estate 4,248,472 2,871,021 Total commercial 4,258,078 2,917,733 Consumer: Real estate 1-4 family first mortgage 28,080,674 8,950,429 Real estate 1-4 family junior lien mortgage 1,162,401 1,388,018 Total consumer 29,243,075 10,338,447 Total loans $ 33,501,153 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 September 30, Loan acquisitions $ 1,907,228 19,117,991 21,025,219 — 794,475 794,475 Loan sales — (198,549 ) (198,549 ) — (3,457 ) (3,457 ) Nine months ended September 30, Loan acquisitions $ 1,907,228 21,431,918 23,339,146 — 2,495,142 2,495,142 Loan sales (128 ) (203,634 ) (203,762 ) (550 ) (9,441 ) (9,991 ) Commitments to Lend The contract or notional amount of commercial loan commitments to extend credit was $551.7 million at September 30, 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 following table presents the allowance for credit losses, which consists of the allowance for loan losses and the allowance for unfunded credit commitments. Quarter ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ 118,030 164,494 121,538 185,174 Provision (reversal of provision) for credit losses 18,743 (23,023 ) 30,174 (23,914 ) Interest income on certain impaired loans (1) (1,604 ) (1,121 ) (4,384 ) (3,470 ) Loan charge-offs: Commercial: Commercial and industrial — — — — Secured by real estate — (113 ) (10 ) (476 ) Total commercial — (113 ) (10 ) (476 ) Consumer: Real estate 1-4 family first mortgage (4,246 ) (6,757 ) (13,602 ) (17,110 ) Real estate 1-4 family junior lien mortgage (4,468 ) (6,684 ) (16,424 ) (22,329 ) Total consumer (8,714 ) (13,441 ) (30,026 ) (39,439 ) Total loan charge-offs (8,714 ) (13,554 ) (30,036 ) (39,915 ) Loan recoveries: Commercial: Commercial and industrial — — — — Secured by real estate 48 291 77 300 Total commercial 48 291 77 300 Consumer: Real estate 1-4 family first mortgage 1,820 1,201 4,265 3,789 Real estate 1-4 family junior lien mortgage 3,643 3,181 10,332 9,505 Total consumer 5,463 4,382 14,597 13,294 Total loan recoveries 5,511 4,673 14,674 13,594 Net loan charge-offs (3,203 ) (8,881 ) (15,362 ) (26,321 ) Balance, end of period $ 131,966 131,469 131,966 131,469 Components: Allowance for loan losses $ 130,715 130,839 130,715 130,839 Allowance for unfunded credit commitments 1,251 630 1,251 630 Allowance for credit losses $ 131,966 131,469 131,966 131,469 Net loan charge-offs (annualized) as a percentage of average total loans 0.06 % 0.27 0.13 0.28 Allowance for loan losses as a percentage of total loans 0.39 0.99 0.39 0.99 Allowance for credit losses as a percentage of total loans 0.39 1.00 0.39 1.00 (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 changes in allowance attributable to the passage of time 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 September 30, Balance, beginning of period $ 15,008 103,022 118,030 18,806 145,688 164,494 Provision (reversal of provision) for credit losses 12,194 6,549 18,743 (291 ) (22,732 ) (23,023 ) Interest income on certain impaired loans — (1,604 ) (1,604 ) — (1,121 ) (1,121 ) Loan charge-offs — (8,714 ) (8,714 ) (113 ) (13,441 ) (13,554 ) Loan recoveries 48 5,463 5,511 291 4,382 4,673 Net loan charge-offs 48 (3,251 ) (3,203 ) 178 (9,059 ) (8,881 ) Balance, end of period $ 27,250 104,716 131,966 18,693 112,776 131,469 Nine months ended September 30, Balance, beginning of period $ 17,676 103,862 121,538 19,476 165,698 185,174 Provision (reversal of provision) for credit losses 9,507 20,667 30,174 (607 ) (23,307 ) (23,914 ) Interest income on certain impaired loans — (4,384 ) (4,384 ) — (3,470 ) (3,470 ) Loan charge-offs (10 ) (30,026 ) (30,036 ) (476 ) (39,439 ) (39,915 ) Loan recoveries 77 14,597 14,674 300 13,294 13,594 Net loan charge-offs 67 (15,429 ) (15,362 ) (176 ) (26,145 ) (26,321 ) Balance, end of period $ 27,250 104,716 131,966 18,693 112,776 131,469 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 September 30, 2016 Collectively evaluated (1) $ 26,024 30,222 56,246 4,253,638 28,762,703 33,016,341 Individually evaluated (2) 1,226 74,494 75,720 3,285 465,623 468,908 Purchased credit-impaired (PCI) (3) — — — 1,155 14,749 15,904 Total $ 27,250 104,716 131,966 4,258,078 29,243,075 33,501,153 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 Accounting Standards Codification (ASC) 450-20, Loss Contingencies (formerly FAS 5), and pursuant to amendments by ASU 2010-20 regarding allowance for non-impaired 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 June 30, 2016 . 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 September 30, 2016 By risk category: Pass $ 9,606 4,239,726 4,249,332 Criticized — 8,746 8,746 Total commercial loans $ 9,606 4,248,472 4,258,078 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 September 30, 2016 By delinquency status: Current-29 days past due (DPD) and still accruing $ 9,606 4,238,527 4,248,133 30-89 DPD and still accruing — 6,592 6,592 90+ DPD and still accruing — 975 975 Nonaccrual loans — 2,378 2,378 Total commercial loans $ 9,606 4,248,472 4,258,078 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 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 September 30, 2016 By delinquency status: Current-29 DPD $ 27,943,198 1,118,357 29,061,555 30-59 DPD 39,008 14,057 53,065 60-89 DPD 14,242 7,885 22,127 90-119 DPD 8,792 4,959 13,751 120-179 DPD 11,063 4,229 15,292 180+ DPD 72,764 16,157 88,921 Remaining PCI accounting adjustments (8,393 ) (3,243 ) (11,636 ) Total consumer loans $ 28,080,674 1,162,401 29,243,075 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 September 30, 2016 By FICO: < 600 $ 244,791 122,872 367,663 600-639 187,591 82,890 270,481 640-679 482,580 138,833 621,413 680-719 1,257,445 207,950 1,465,395 720-759 4,050,105 233,002 4,283,107 760-799 13,931,253 242,464 14,173,717 800+ 7,796,472 123,402 7,919,874 No FICO available 138,830 14,231 153,061 Remaining PCI accounting adjustments (8,393 ) (3,243 ) (11,636 ) Total consumer loans $ 28,080,674 1,162,401 29,243,075 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 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 September 30, 2016 By LTV/CLTV: 0-60% $ 12,713,736 350,702 13,064,438 60.01-80% 13,265,944 305,088 13,571,032 80.01-100% 1,823,872 291,137 2,115,009 100.01-120% (1) 170,994 145,176 316,170 > 120% (1) 93,322 71,782 165,104 No LTV/CLTV available 21,199 1,759 22,958 Remaining PCI accounting adjustments (8,393 ) (3,243 ) (11,636 ) Total consumer loans $ 28,080,674 1,162,401 29,243,075 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) Sep 30, Dec 31, Commercial: Commercial and industrial $ — — Secured by real estate 2,378 1,706 Total commercial 2,378 1,706 Consumer: Real estate 1-4 family first mortgage 175,086 201,531 Real estate 1-4 family junior lien mortgage 50,812 64,718 Total consumer 225,898 266,249 Total nonaccrual loans (excluding PCI) $ 228,276 267,955 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 $2.3 million at September 30, 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) Sep 30, 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 3,633 8,365 Real estate 1-4 family junior lien mortgage 2,469 2,462 Total consumer 6,102 10,827 Total past due (excluding PCI) $ 6,102 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 $12.9 million at September 30, 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 September 30, 2016 Commercial: Commercial and industrial $ — — — — Secured by real estate 3,711 3,285 3,285 1,226 Total commercial 3,711 3,285 3,285 1,226 Consumer: Real estate 1-4 family first mortgage 431,398 359,829 251,512 50,365 Real estate 1-4 family junior lien mortgage 117,324 105,794 86,819 24,129 Total consumer 548,722 465,623 338,331 74,494 Total impaired loans (excluding PCI) $ 552,433 468,908 341,616 75,720 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 September 30, Nine months ended September 30, 2016 2015 2016 2015 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Average Recognized interest income Average recorded investment Recognized interest income Commercial: Commercial and industrial $ — — — — — — — — Secured by real estate 3,358 11 11,351 821 3,828 60 8,170 898 Total commercial 3,358 11 11,351 821 3,828 60 8,170 898 Consumer: Real estate 1-4 family first mortgage 363,593 5,867 388,609 5,681 372,254 17,120 392,712 17,183 Real estate 1-4 family junior lien mortgage 107,935 2,240 119,882 2,370 111,742 6,935 121,797 7,146 Total consumer 471,528 8,107 508,491 8,051 483,996 24,055 514,509 24,329 Total impaired loans $ 474,886 8,118 519,842 8,872 487,824 24,115 522,679 25,227 Interest income: Cash basis of accounting $ 2,511 3,381 7,443 8,580 Other (1) 5,607 5,491 16,672 16,647 Total interest income $ 8,118 8,872 24,115 25,227 (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, the balance of which totaled $468.9 million and $502.4 million at September 30, 2016 and December 31, 2015 , respectively. 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. Most of the planned modifications for these arrangements involve interest rate reductions; 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 September 30, 2016 , the loans in trial modification period were $6.2 million under HAMP, $774 thousand under 2MP and $5.9 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 $4.9 million at September 30, 2016 , and $5.8 million at December 31, 2015 , were accruing loans and $8.0 million and $9.9 million , respectively, were nonaccruing loans. Our experience is that most 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 September 30, 2016 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 2,106 2,106 — — — Total commercial — — 2,106 2,106 — — — Consumer: Real estate 1-4 family first mortgage 2,079 3,107 3,267 8,453 258 3.48 5,110 Real estate 1-4 family junior lien mortgage 111 738 866 1,715 437 3.88 848 Trial modifications (6) — — 1,181 1,181 — — — Total consumer 2,190 3,845 5,314 11,349 695 3.54 5,958 Total $ 2,190 3,845 7,420 13,455 695 3.54 % $ 5,958 Quarter ended September 30, 2015 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — — — — — — Total commercial — — — — — — — Consumer: Real estate 1-4 family first mortgage 3,588 5,887 4,657 14,132 485 3.68 8,825 Real estate 1-4 family junior lien mortgage 704 1,441 974 3,119 552 4.58 2,089 Trial modifications (6) — — (350 ) (350 ) — — — Total consumer 4,292 7,328 5,281 16,901 1,037 3.85 10,914 Total $ 4,292 7,328 5,281 16,901 1,037 3.85 % $ 10,914 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) Nine months ended September 30, 2016 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 3,954 3,954 — — — Total commercial — — 3,954 3,954 — — — Consumer: Real estate 1-4 family first mortgage 5,914 8,086 13,137 27,137 1,297 3.48 12,798 Real estate 1-4 family junior lien mortgage 794 3,425 3,211 7,430 1,478 3.82 4,012 Trial modifications (6) — — (1,133 ) (1,133 ) — — — Total consumer 6,708 11,511 15,215 33,434 2,775 3.56 16,810 Total $ 6,708 11,511 19,169 37,388 2,775 3.56 % $ 16,810 Nine months ended September 30, 2015 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 3,884 3,884 — — — Total commercial — — 3,884 3,884 — — — Consumer: Real estate 1-4 family first mortgage 7,796 16,405 14,418 38,619 1,655 3.46 22,467 Real estate 1-4 family junior lien mortgage 1,401 3,716 3,816 8,933 1,484 4.98 4,747 Trial modifications (6) — — 1,634 1,634 — — — Total consumer 9,197 20,121 19,868 49,186 3,139 3.73 27,214 Total $ 9,197 20,121 23,752 53,070 3,139 3.73 % $ 27,214 (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 $2.7 million and $5.2 million for the quarters ended September 30, 2016 and 2015 , and $6.9 million and $13.2 million for the nine months ended September 30, 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 $290 thousand and $1.1 million for the quarters ended September 30, 2016 and 2015 , and $1.0 million and $2.3 million for the nine months ended September 30, 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 September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Commercial: Commercial and industrial $ — — — — Secured by real estate — — 807 — Total commercial — — 807 — Consumer: Real estate 1-4 family first mortgage 835 1,797 1,759 4,264 Real estate 1-4 family junior lien mortgage 573 383 885 814 Total consumer 1,408 2,180 2,644 5,078 Total $ 1,408 2,180 3,451 5,078

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	9 Months Ended
	Sep. 30, 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 September 30, 2016 and December 31, 2015 , assets measured at fair value on a nonrecurring basis were less than 1% 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 September 30, 2016 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 33,370,438 — — 34,842,564 34,842,564 Financial liabilities Line of credit with Bank (1) 1,369,954 — — 1,369,954 1,369,954 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 for 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	9 Months Ended
	Sep. 30, 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. Liquidation Shares Shares Par value Carrying September 30, 2016 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 34,058,028 0.01 340,580 Total 111,001,000 45,058,695 $ 450,587 December 31, 2015 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. The Company may issue additional shares of common stock to affiliates of Wells Fargo without further action by the Series A or Series B stockholders. 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. On August 26, 2016, the Company issued and sold 21.2 million shares of the Company’s common stock, par value $0.01 per share, for an aggregate purchase price of $20.0 billion . The shares were sold to affiliates of the Company. The Company used the proceeds from the issuance to acquire REIT Qualified Assets (as described in the our Annual Report on Form 10-K for the year ended December 31, 2015) from affiliates. Following the issuance, indirect wholly-owned subsidiaries of Wells Fargo Bank, N.A. continue to own 100% of the Company’s common stock.

Transactions With Related Parti

Transactions With Related Parties	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Income statement data Interest income: Net accretion of adjustments on loans $ 4,694 20,926 42,538 62,904 Interest on deposits 4,064 — 4,303 304 Total interest income 8,758 20,926 46,841 63,208 Pledge fees 8,715 1,538 16,457 1,856 Interest expense 1,272 377 2,029 644 Loan servicing costs 13,308 9,074 30,848 26,598 Management fees 4,441 2,871 11,843 8,328 (in thousands) Sep 30, Dec 31, Balance sheet related data Loan acquisitions (year-to-date) $ 23,339,146 3,303,296 Proceeds from common stock issuance 20,000,050 — Loan sales (year-to-date) (203,762 ) (11,751 ) Pledged loans (carrying value) (1) 21,484,462 5,760,284 Foreclosed asset sales (year-to-date) (8,493 ) (11,137 ) Line of credit with Bank 1,369,954 828,149 Accounts receivable - affiliates, net 302,171 70,982 (1) The fair value of pledged loans was approximately $22.4 billion and $6.1 billion at September 30, 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 September 30, 2016 and September 30, 2015 , the fee was equal to an annual rate of 28 basis points ( 0.28% ) and 11 basis points ( 0.11% ), respectively, 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 Accoun13

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Significant Accounting Policies [Line Items]
Nature of Operations	Wells Fargo Real Estate Investment Corporation (the Company, we, our or us) is 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). For discussion of our significant accounting policies, see Note 1 (Summary of Significant Accounting Policies) in our Annual Report on Form 10-K for the year ended December 31, 2015 ( 2015 Form 10-K). There were no material changes to these policies in the first nine months of 2016 . 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.
Accounting Standards Adopted in 2016	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 events that have occurred subsequent to September 30, 2016 . There were no material 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]
Accounting Standards Adopted in 2016	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.
Accounting Standards Update 2016-15 [Member]
Significant Accounting Policies [Line Items]
Accounting Standards with Retrospective Application [Policy Text Block]	Accounting Standards with Retrospective Application The following accounting pronouncement has been issued by the FASB but is not yet effective: • ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice for reporting in the Statement of Cash Flows. The Update is effective for us in first quarter 2018 with retrospective application. We are evaluating the impact the Update will have on our financial statements.

Loans and Allowance for Credi14

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 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 addition of $76.1 million at September 30, 2016 and a net reduction of $301.3 million at December 31, 2015 , for unamortized premiums and discounts. (in thousands) Sep 30, Dec 31, Commercial: Commercial and industrial $ 9,606 46,712 Secured by real estate 4,248,472 2,871,021 Total commercial 4,258,078 2,917,733 Consumer: Real estate 1-4 family first mortgage 28,080,674 8,950,429 Real estate 1-4 family junior lien mortgage 1,162,401 1,388,018 Total consumer 29,243,075 10,338,447 Total loans $ 33,501,153 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 September 30, Loan acquisitions $ 1,907,228 19,117,991 21,025,219 — 794,475 794,475 Loan sales — (198,549 ) (198,549 ) — (3,457 ) (3,457 ) Nine months ended September 30, Loan acquisitions $ 1,907,228 21,431,918 23,339,146 — 2,495,142 2,495,142 Loan sales (128 ) (203,634 ) (203,762 ) (550 ) (9,441 ) (9,991 )
Loans and Allowance for Credit Losses, Allowance for Credit Losses	The following table presents the allowance for credit losses, which consists of the allowance for loan losses and the allowance for unfunded credit commitments. Quarter ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Balance, beginning of period $ 118,030 164,494 121,538 185,174 Provision (reversal of provision) for credit losses 18,743 (23,023 ) 30,174 (23,914 ) Interest income on certain impaired loans (1) (1,604 ) (1,121 ) (4,384 ) (3,470 ) Loan charge-offs: Commercial: Commercial and industrial — — — — Secured by real estate — (113 ) (10 ) (476 ) Total commercial — (113 ) (10 ) (476 ) Consumer: Real estate 1-4 family first mortgage (4,246 ) (6,757 ) (13,602 ) (17,110 ) Real estate 1-4 family junior lien mortgage (4,468 ) (6,684 ) (16,424 ) (22,329 ) Total consumer (8,714 ) (13,441 ) (30,026 ) (39,439 ) Total loan charge-offs (8,714 ) (13,554 ) (30,036 ) (39,915 ) Loan recoveries: Commercial: Commercial and industrial — — — — Secured by real estate 48 291 77 300 Total commercial 48 291 77 300 Consumer: Real estate 1-4 family first mortgage 1,820 1,201 4,265 3,789 Real estate 1-4 family junior lien mortgage 3,643 3,181 10,332 9,505 Total consumer 5,463 4,382 14,597 13,294 Total loan recoveries 5,511 4,673 14,674 13,594 Net loan charge-offs (3,203 ) (8,881 ) (15,362 ) (26,321 ) Balance, end of period $ 131,966 131,469 131,966 131,469 Components: Allowance for loan losses $ 130,715 130,839 130,715 130,839 Allowance for unfunded credit commitments 1,251 630 1,251 630 Allowance for credit losses $ 131,966 131,469 131,966 131,469 Net loan charge-offs (annualized) as a percentage of average total loans 0.06 % 0.27 0.13 0.28 Allowance for loan losses as a percentage of total loans 0.39 0.99 0.39 0.99 Allowance for credit losses as a percentage of total loans 0.39 1.00 0.39 1.00 (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 changes in allowance attributable to the passage of time as interest income.
Loans and Allowance for Credit Losses, Allowance Activity by Portfolio Segment	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 September 30, Balance, beginning of period $ 15,008 103,022 118,030 18,806 145,688 164,494 Provision (reversal of provision) for credit losses 12,194 6,549 18,743 (291 ) (22,732 ) (23,023 ) Interest income on certain impaired loans — (1,604 ) (1,604 ) — (1,121 ) (1,121 ) Loan charge-offs — (8,714 ) (8,714 ) (113 ) (13,441 ) (13,554 ) Loan recoveries 48 5,463 5,511 291 4,382 4,673 Net loan charge-offs 48 (3,251 ) (3,203 ) 178 (9,059 ) (8,881 ) Balance, end of period $ 27,250 104,716 131,966 18,693 112,776 131,469 Nine months ended September 30, Balance, beginning of period $ 17,676 103,862 121,538 19,476 165,698 185,174 Provision (reversal of provision) for credit losses 9,507 20,667 30,174 (607 ) (23,307 ) (23,914 ) Interest income on certain impaired loans — (4,384 ) (4,384 ) — (3,470 ) (3,470 ) Loan charge-offs (10 ) (30,026 ) (30,036 ) (476 ) (39,439 ) (39,915 ) Loan recoveries 77 14,597 14,674 300 13,294 13,594 Net loan charge-offs 67 (15,429 ) (15,362 ) (176 ) (26,145 ) (26,321 ) Balance, end of period $ 27,250 104,716 131,966 18,693 112,776 131,469
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 September 30, 2016 Collectively evaluated (1) $ 26,024 30,222 56,246 4,253,638 28,762,703 33,016,341 Individually evaluated (2) 1,226 74,494 75,720 3,285 465,623 468,908 Purchased credit-impaired (PCI) (3) — — — 1,155 14,749 15,904 Total $ 27,250 104,716 131,966 4,258,078 29,243,075 33,501,153 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 Accounting Standards Codification (ASC) 450-20, Loss Contingencies (formerly FAS 5), and pursuant to amendments by ASU 2010-20 regarding allowance for non-impaired 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 and Allowance for Credit Losses, 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 September 30, 2016 By risk category: Pass $ 9,606 4,239,726 4,249,332 Criticized — 8,746 8,746 Total commercial loans $ 9,606 4,248,472 4,258,078 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 and Allowance for Credit Losses, 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 September 30, 2016 By delinquency status: Current-29 days past due (DPD) and still accruing $ 9,606 4,238,527 4,248,133 30-89 DPD and still accruing — 6,592 6,592 90+ DPD and still accruing — 975 975 Nonaccrual loans — 2,378 2,378 Total commercial loans $ 9,606 4,248,472 4,258,078 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 and Allowance for Credit Losses, 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 September 30, 2016 By delinquency status: Current-29 DPD $ 27,943,198 1,118,357 29,061,555 30-59 DPD 39,008 14,057 53,065 60-89 DPD 14,242 7,885 22,127 90-119 DPD 8,792 4,959 13,751 120-179 DPD 11,063 4,229 15,292 180+ DPD 72,764 16,157 88,921 Remaining PCI accounting adjustments (8,393 ) (3,243 ) (11,636 ) Total consumer loans $ 28,080,674 1,162,401 29,243,075 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 and allowance for Credit Losses, 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 September 30, 2016 By FICO: < 600 $ 244,791 122,872 367,663 600-639 187,591 82,890 270,481 640-679 482,580 138,833 621,413 680-719 1,257,445 207,950 1,465,395 720-759 4,050,105 233,002 4,283,107 760-799 13,931,253 242,464 14,173,717 800+ 7,796,472 123,402 7,919,874 No FICO available 138,830 14,231 153,061 Remaining PCI accounting adjustments (8,393 ) (3,243 ) (11,636 ) Total consumer loans $ 28,080,674 1,162,401 29,243,075 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 and Allowance for Credit Losses, 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 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 September 30, 2016 By LTV/CLTV: 0-60% $ 12,713,736 350,702 13,064,438 60.01-80% 13,265,944 305,088 13,571,032 80.01-100% 1,823,872 291,137 2,115,009 100.01-120% (1) 170,994 145,176 316,170 > 120% (1) 93,322 71,782 165,104 No LTV/CLTV available 21,199 1,759 22,958 Remaining PCI accounting adjustments (8,393 ) (3,243 ) (11,636 ) Total consumer loans $ 28,080,674 1,162,401 29,243,075 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.
Loans and Allowance for Credit Losses, 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) Sep 30, Dec 31, Commercial: Commercial and industrial $ — — Secured by real estate 2,378 1,706 Total commercial 2,378 1,706 Consumer: Real estate 1-4 family first mortgage 175,086 201,531 Real estate 1-4 family junior lien mortgage 50,812 64,718 Total consumer 225,898 266,249 Total nonaccrual loans (excluding PCI) $ 228,276 267,955
Loans and Allowance for Credit Losses, 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) Sep 30, 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 3,633 8,365 Real estate 1-4 family junior lien mortgage 2,469 2,462 Total consumer 6,102 10,827 Total past due (excluding PCI) $ 6,102 13,079
Loans and Allowance for Credit Losses, Impaired Loans	The table below includes trial modifications that totaled $12.9 million at September 30, 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 September 30, 2016 Commercial: Commercial and industrial $ — — — — Secured by real estate 3,711 3,285 3,285 1,226 Total commercial 3,711 3,285 3,285 1,226 Consumer: Real estate 1-4 family first mortgage 431,398 359,829 251,512 50,365 Real estate 1-4 family junior lien mortgage 117,324 105,794 86,819 24,129 Total consumer 548,722 465,623 338,331 74,494 Total impaired loans (excluding PCI) $ 552,433 468,908 341,616 75,720 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
Loans and Allowance for Credit Losses, 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 September 30, Nine months ended September 30, 2016 2015 2016 2015 (in thousands) Average Recognized interest income Average recorded investment Recognized interest income Average Recognized interest income Average recorded investment Recognized interest income Commercial: Commercial and industrial $ — — — — — — — — Secured by real estate 3,358 11 11,351 821 3,828 60 8,170 898 Total commercial 3,358 11 11,351 821 3,828 60 8,170 898 Consumer: Real estate 1-4 family first mortgage 363,593 5,867 388,609 5,681 372,254 17,120 392,712 17,183 Real estate 1-4 family junior lien mortgage 107,935 2,240 119,882 2,370 111,742 6,935 121,797 7,146 Total consumer 471,528 8,107 508,491 8,051 483,996 24,055 514,509 24,329 Total impaired loans $ 474,886 8,118 519,842 8,872 487,824 24,115 522,679 25,227 Interest income: Cash basis of accounting $ 2,511 3,381 7,443 8,580 Other (1) 5,607 5,491 16,672 16,647 Total interest income $ 8,118 8,872 24,115 25,227 (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.
Loans and Allowance for Credit Losses, 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 September 30, 2016 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 2,106 2,106 — — — Total commercial — — 2,106 2,106 — — — Consumer: Real estate 1-4 family first mortgage 2,079 3,107 3,267 8,453 258 3.48 5,110 Real estate 1-4 family junior lien mortgage 111 738 866 1,715 437 3.88 848 Trial modifications (6) — — 1,181 1,181 — — — Total consumer 2,190 3,845 5,314 11,349 695 3.54 5,958 Total $ 2,190 3,845 7,420 13,455 695 3.54 % $ 5,958 Quarter ended September 30, 2015 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — — — — — — Total commercial — — — — — — — Consumer: Real estate 1-4 family first mortgage 3,588 5,887 4,657 14,132 485 3.68 8,825 Real estate 1-4 family junior lien mortgage 704 1,441 974 3,119 552 4.58 2,089 Trial modifications (6) — — (350 ) (350 ) — — — Total consumer 4,292 7,328 5,281 16,901 1,037 3.85 10,914 Total $ 4,292 7,328 5,281 16,901 1,037 3.85 % $ 10,914 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) Nine months ended September 30, 2016 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 3,954 3,954 — — — Total commercial — — 3,954 3,954 — — — Consumer: Real estate 1-4 family first mortgage 5,914 8,086 13,137 27,137 1,297 3.48 12,798 Real estate 1-4 family junior lien mortgage 794 3,425 3,211 7,430 1,478 3.82 4,012 Trial modifications (6) — — (1,133 ) (1,133 ) — — — Total consumer 6,708 11,511 15,215 33,434 2,775 3.56 16,810 Total $ 6,708 11,511 19,169 37,388 2,775 3.56 % $ 16,810 Nine months ended September 30, 2015 Commercial: Commercial and industrial $ — — — — — — % $ — Secured by real estate — — 3,884 3,884 — — — Total commercial — — 3,884 3,884 — — — Consumer: Real estate 1-4 family first mortgage 7,796 16,405 14,418 38,619 1,655 3.46 22,467 Real estate 1-4 family junior lien mortgage 1,401 3,716 3,816 8,933 1,484 4.98 4,747 Trial modifications (6) — — 1,634 1,634 — — — Total consumer 9,197 20,121 19,868 49,186 3,139 3.73 27,214 Total $ 9,197 20,121 23,752 53,070 3,139 3.73 % $ 27,214 (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 $2.7 million and $5.2 million for the quarters ended September 30, 2016 and 2015 , and $6.9 million and $13.2 million for the nine months ended September 30, 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 $290 thousand and $1.1 million for the quarters ended September 30, 2016 and 2015 , and $1.0 million and $2.3 million for the nine months ended September 30, 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.
Loans and Allowance for Credit Losses, 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 September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Commercial: Commercial and industrial $ — — — — Secured by real estate — — 807 — Total commercial — — 807 — Consumer: Real estate 1-4 family first mortgage 835 1,797 1,759 4,264 Real estate 1-4 family junior lien mortgage 573 383 885 814 Total consumer 1,408 2,180 2,644 5,078 Total $ 1,408 2,180 3,451 5,078

Fair Values of Assets and Lia15

Fair Values of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities, 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 September 30, 2016 Financial assets Cash and cash equivalents (1) $ — — — — — Loans, net (2) 33,370,438 — — 34,842,564 34,842,564 Financial liabilities Line of credit with Bank (1) 1,369,954 — — 1,369,954 1,369,954 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 for 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)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Common and Preferred Stock, Summary of preferred stock and common stock	The following table provides details of our authorized common and preferred stock. Liquidation Shares Shares Par value Carrying September 30, 2016 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 34,058,028 0.01 340,580 Total 111,001,000 45,058,695 $ 450,587 December 31, 2015 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 Par17

Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Income statement data Interest income: Net accretion of adjustments on loans $ 4,694 20,926 42,538 62,904 Interest on deposits 4,064 — 4,303 304 Total interest income 8,758 20,926 46,841 63,208 Pledge fees 8,715 1,538 16,457 1,856 Interest expense 1,272 377 2,029 644 Loan servicing costs 13,308 9,074 30,848 26,598 Management fees 4,441 2,871 11,843 8,328 (in thousands) Sep 30, Dec 31, Balance sheet related data Loan acquisitions (year-to-date) $ 23,339,146 3,303,296 Proceeds from common stock issuance 20,000,050 — Loan sales (year-to-date) (203,762 ) (11,751 ) Pledged loans (carrying value) (1) 21,484,462 5,760,284 Foreclosed asset sales (year-to-date) (8,493 ) (11,137 ) Line of credit with Bank 1,369,954 828,149 Accounts receivable - affiliates, net 302,171 70,982 (1) The fair value of pledged loans was approximately $22.4 billion and $6.1 billion at September 30, 2016 and December 31, 2015 , respectively.

Loans and Allowance for Credi18

Loans and Allowance for Credit Losses, Loans Outstanding (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Deferred Income	$ 76,100	$ (301,300)
Total loans	33,501,153	13,256,180
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,258,078	2,917,733
Commercial and industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	9,606	46,712
Secured by real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,248,472	2,871,021
Total consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	29,243,075	10,338,447
Real estate 1-4 family first mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	28,080,674	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 1,162,401	$ 1,388,018
California, New York, Washington, Virginia and Florida [Member] | Geographic Concentration Risk [Member] | Loans And Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk, Percentage	58.00%

Loans and Allowance for Credi19

Loans and Allowance for Credit Losses, Significant Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	$ 21,025,219	$ 794,475	$ 23,339,146	$ 2,495,142
Loan sales	(198,549)	(3,457)	(203,762)	(9,991)
Total commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unused Commitments to Extend Credit	551,700		551,700		$ 399,500
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	1,907,228	0	1,907,228	0
Loan sales	0	0	(128)	(550)
Total consumer [Member]
Loans and Allowance for Credit Losses Significant Activity [Abstract]
Loan acquisitions	19,117,991	794,475	21,431,918	2,495,142
Loan sales	$ (198,549)	$ (3,457)	$ (203,634)	$ (9,441)

Loans and Allowance for Credi20

Loans and Allowance for Credit Losses, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 118,030	$ 164,494	$ 121,538	$ 185,174
Provision (reversal of provision) for credit losses	18,743	(23,023)	30,174	(23,914)
Interest income on certain impaired loans	(1,604)	(1,121)	(4,384)	(3,470)
Loan charge-offs	(8,714)	(13,554)	(30,036)	(39,915)
Loan recoveries	5,511	4,673	14,674	13,594
Net loan charge-offs	(3,203)	(8,881)	(15,362)	(26,321)
Balance, end of period	131,966	131,469	131,966	131,469
Components:
Allowance for loan losses					$ 130,715	$ 120,866	$ 130,839
Allowance For Unfunded Credit Commitments					1,251		630
Allowance for credit losses	$ 118,030	$ 164,494	$ 121,538	$ 185,174	$ 131,966	121,538	$ 131,469
Net loan charge-offs (annualized) as a percentage of average total loans	0.06%	0.27%	0.13%	0.28%
Allowance for loan losses as a percentage of total loans					0.39%		0.99%
Allowance for credit losses as a percentage of total loans					0.39%		1.00%
Total commercial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 15,008	$ 18,806	$ 17,676	$ 19,476
Provision (reversal of provision) for credit losses	12,194	(291)	9,507	(607)
Interest income on certain impaired loans	0	0	0	0
Loan charge-offs	0	(113)	(10)	(476)
Loan recoveries	48	291	77	300
Net loan charge-offs	48	178	67	(176)
Balance, end of period	27,250	18,693	27,250	18,693
Components:
Allowance for credit losses	15,008	18,806	17,676	19,476	$ 27,250	17,676	$ 18,693
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	0	0	0	0
Loan recoveries	0	0	0	0
Secured by real estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	0	(113)	(10)	(476)
Loan recoveries	48	291	77	300
Total consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	103,022	145,688	103,862	165,698
Provision (reversal of provision) for credit losses	6,549	(22,732)	20,667	(23,307)
Interest income on certain impaired loans	(1,604)	(1,121)	(4,384)	(3,470)
Loan charge-offs	(8,714)	(13,441)	(30,026)	(39,439)
Loan recoveries	5,463	4,382	14,597	13,294
Net loan charge-offs	(3,251)	(9,059)	(15,429)	(26,145)
Balance, end of period	104,716	112,776	104,716	112,776
Components:
Allowance for credit losses	103,022	145,688	103,862	165,698	$ 104,716	$ 103,862	$ 112,776
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(4,246)	(6,757)	(13,602)	(17,110)
Loan recoveries	1,820	1,201	4,265	3,789
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loan charge-offs	(4,468)	(6,684)	(16,424)	(22,329)
Loan recoveries	$ 3,643	$ 3,181	$ 10,332	$ 9,505

Loans and Allowance for Credi21

Loans and Allowance for Credit Losses, Allowance Activity by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 118,030	$ 164,494	$ 121,538	$ 185,174
Provision (reversal of provision) for credit losses	18,743	(23,023)	30,174	(23,914)
Interest income on certain impaired loans	(1,604)	(1,121)	(4,384)	(3,470)
Loan charge-offs	(8,714)	(13,554)	(30,036)	(39,915)
Loan recoveries	5,511	4,673	14,674	13,594
Net loan charge-offs	(3,203)	(8,881)	(15,362)	(26,321)
Balance, end of period	131,966	131,469	131,966	131,469
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	15,008	18,806	17,676	19,476
Provision (reversal of provision) for credit losses	12,194	(291)	9,507	(607)
Interest income on certain impaired loans	0	0	0	0
Loan charge-offs	0	(113)	(10)	(476)
Loan recoveries	48	291	77	300
Net loan charge-offs	48	178	67	(176)
Balance, end of period	27,250	18,693	27,250	18,693
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	103,022	145,688	103,862	165,698
Provision (reversal of provision) for credit losses	6,549	(22,732)	20,667	(23,307)
Interest income on certain impaired loans	(1,604)	(1,121)	(4,384)	(3,470)
Loan charge-offs	(8,714)	(13,441)	(30,026)	(39,439)
Loan recoveries	5,463	4,382	14,597	13,294
Net loan charge-offs	(3,251)	(9,059)	(15,429)	(26,145)
Balance, end of period	$ 104,716	$ 112,776	$ 104,716	$ 112,776

Loans and Allowance for Credi22

Loans and Allowance for Credit Losses, Allowance for Credit Losses by Credit Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Allowance for credit losses
Collectively evaluated	$ 56,246		$ 47,080
Individually evaluated	75,720		74,458
Allowance for credit losses	131,966	$ 118,030	121,538	$ 131,469	$ 164,494	$ 185,174
Recorded investment in loans
Collectively evaluated	33,016,341		12,731,404
Individually evaluated	468,908		503,243
Total loans	33,501,153		13,256,180
Commercial Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	26,024		16,893
Individually evaluated	1,226		783
Allowance for credit losses	27,250	15,008	17,676	18,693	18,806	19,476
Recorded investment in loans
Collectively evaluated	4,253,638		2,913,168
Individually evaluated	3,285		3,378
Total loans	4,258,078		2,917,733
Consumer Portfolio Segment [Member]
Allowance for credit losses
Collectively evaluated	30,222		30,187
Individually evaluated	74,494		73,675
Allowance for credit losses	104,716	$ 103,022	103,862	$ 112,776	$ 145,688	$ 165,698
Recorded investment in loans
Collectively evaluated	28,762,703		9,818,236
Individually evaluated	465,623		499,865
Total loans	29,243,075		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]
Recorded investment in loans
Current-29 days past due (DPD) and still accruing	15,904		21,533
PCI Loans Carrying Value [Member] | Commercial Portfolio Segment [Member]
Recorded investment in loans
Current-29 days past due (DPD) and still accruing	1,155		1,187
PCI Loans Carrying Value [Member] | Consumer Portfolio Segment [Member]
Recorded investment in loans
Current-29 days past due (DPD) and still accruing	$ 14,749		$ 20,346

Loans and Allowance for Credi23

Loans and Allowance for Credit Losses, Loans by Credit Quality Indicator, Commercial (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 33,501,153	$ 13,256,180
Total commercial [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	4,258,078	2,917,733
Total commercial [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	4,249,332	2,895,325
Total commercial [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	8,746	22,408
Commercial and industrial [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	9,606	46,712
Commercial and industrial [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	9,606	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	4,248,472	2,871,021
Secured by real estate [Member] | Pass [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	4,239,726	2,848,613
Secured by real estate [Member] | Criticized [Member]
Loans and Leases Receivable Disclosure [Abstract]
Total loans	$ 8,746	$ 22,408

Loans and Allowance for Credi24

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Commercial (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
By delinquency status:
Nonaccrual loans	$ 228,276	$ 267,955
Total loans	33,501,153	13,256,180
Total commercial [Member]
By delinquency status:
90 days and more past due and still accruing	975	3,227
Nonaccrual loans	2,378	1,706
Total loans	4,258,078	2,917,733
Commercial and industrial [Member]
By delinquency status:
90 days and more past due and still accruing	0	0
Nonaccrual loans	0	0
Total loans	9,606	46,712
Secured by real estate [Member]
By delinquency status:
90 days and more past due and still accruing	975	3,227
Nonaccrual loans	2,378	1,706
Total loans	4,248,472	2,871,021
Current-29 days past due (DPD) and still accruing [Member] | Total commercial [Member]
By delinquency status:
Total loans	4,248,133	2,912,788
Current-29 days past due (DPD) and still accruing [Member] | Commercial and industrial [Member]
By delinquency status:
Total loans	9,606	46,712
Current-29 days past due (DPD) and still accruing [Member] | Secured by real estate [Member]
By delinquency status:
Total loans	4,238,527	2,866,076
30-89 DPD and still accruing [Member] | Total commercial [Member]
By delinquency status:
Total loans	6,592	12
30-89 DPD and still accruing [Member] | Commercial and industrial [Member]
By delinquency status:
Total loans	0	0
30-89 DPD and still accruing [Member] | Secured by real estate [Member]
By delinquency status:
Total loans	$ 6,592	$ 12

Loans and Allowance for Credi25

Loans and Allowance for Credit Losses, Loans by Delinquency Status, Consumer (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
By delinquency status:
Total loans	$ 33,501,153	$ 13,256,180
Total consumer [Member]
By delinquency status:
Remaining PCI accounting adjustments	(11,636)	(13,074)
Total loans	29,243,075	10,338,447
Real estate 1-4 family first mortgage [Member]
By delinquency status:
Remaining PCI accounting adjustments	(8,393)	(10,057)
Total loans	28,080,674	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Remaining PCI accounting adjustments	(3,243)	(3,017)
Total loans	1,162,401	1,388,018
Current-29 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	29,061,555	10,105,109
Current-29 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	27,943,198	8,776,254
Current-29 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	1,118,357	1,328,855
30-59 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	53,065	62,262
30-59 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	39,008	42,987
30-59 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	14,057	19,275
60-89 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	22,127	33,053
60-89 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	14,242	24,004
60-89 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	7,885	9,049
90-119 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	13,751	19,301
90-119 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	8,792	14,201
90-119 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	4,959	5,100
120-179 DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	15,292	21,780
120-179 DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	11,063	14,976
120-179 DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	4,229	6,804
180 plus DPD [Member] | Total consumer [Member]
By delinquency status:
Total loans	88,921	110,016
180 plus DPD [Member] | Real estate 1-4 family first mortgage [Member]
By delinquency status:
Total loans	72,764	88,064
180 plus DPD [Member] | Real estate 1-4 family junior lien mortgage [Member]
By delinquency status:
Total loans	$ 16,157	$ 21,952

Loans and Allowance for Credi26

Loans and Allowance for Credit Losses, Loans by FICO Score, Consumer (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
By FICO:
Total loans	$ 33,501,153	$ 13,256,180
Total consumer [Member]
By FICO:
Remaining PCI accounting adjustments	(11,636)	(13,074)
Total loans	29,243,075	10,338,447
Real estate 1-4 family first mortgage [Member]
By FICO:
Remaining PCI accounting adjustments	(8,393)	(10,057)
Total loans	28,080,674	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Remaining PCI accounting adjustments	(3,243)	(3,017)
Total loans	1,162,401	1,388,018
FICO less than 600 [Member] | Total consumer [Member]
By FICO:
Total loans	367,663	404,608
FICO less than 600 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	244,791	262,799
FICO less than 600 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	122,872	141,809
FICO 600-639 [Member] | Total consumer [Member]
By FICO:
Total loans	270,481	323,097
FICO 600-639 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	187,591	214,494
FICO 600-639 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	82,890	108,603
FICO 640-679 [Member] | Total consumer [Member]
By FICO:
Total loans	621,413	612,504
FICO 640-679 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	482,580	431,433
FICO 640-679 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	138,833	181,071
FICO 680-719 [Member] | Total consumer [Member]
By FICO:
Total loans	1,465,395	1,099,944
FICO 680-719 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	1,257,445	860,106
FICO 680-719 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	207,950	239,838
FICO 720-759 [Member] | Total consumer [Member]
By FICO:
Total loans	4,283,107	1,704,903
FICO 720-759 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	4,050,105	1,433,933
FICO 720-759 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	233,002	270,970
FICO 760-799 [Member] | Total consumer [Member]
By FICO:
Total loans	14,173,717	3,978,543
FICO 760-799 [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	13,931,253	3,696,156
FICO 760-799 [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	242,464	282,387
FICO 800 or more [Member] | Total consumer [Member]
By FICO:
Total loans	7,919,874	2,098,276
FICO 800 or more [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	7,796,472	1,952,028
FICO 800 or more [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	123,402	146,248
No FICO available [Member] | Total consumer [Member]
By FICO:
Total loans	153,061	129,646
No FICO available [Member] | Real estate 1-4 family first mortgage [Member]
By FICO:
Total loans	138,830	109,537
No FICO available [Member] | Real estate 1-4 family junior lien mortgage [Member]
By FICO:
Total loans	$ 14,231	$ 20,109

Loans and Allowance for Credi27

Loans and Allowance for Credit Losses, Loans by Loan to Value Ratio, Consumer (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
High Value Properties, Threshold	$ 1,000
By LTV/CLTV:
Total loans	33,501,153	$ 13,256,180
Total consumer [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(11,636)	(13,074)
Total loans	29,243,075	10,338,447
Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(8,393)	(10,057)
Total loans	28,080,674	8,950,429
Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Remaining PCI accounting adjustments	(3,243)	(3,017)
Total loans	1,162,401	1,388,018
LTV 0-60% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	13,064,438	4,790,733
LTV 0-60% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	12,713,736	4,408,951
LTV 0-60% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	350,702	381,782
LTV 60.01-80% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	13,571,032	3,984,709
LTV 60.01-80% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	13,265,944	3,628,951
LTV 60.01-80% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	305,088	355,758
LTV 80 to 100 Percent [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	2,115,009	1,070,890
LTV 80 to 100 Percent [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	1,823,872	718,484
LTV 80 to 100 Percent [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	291,137	352,406
LTV 100.01-120% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	316,170	322,055
LTV 100.01-120% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	170,994	125,295
LTV 100.01-120% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	145,176	196,760
LTV greater than 120% [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	165,104	157,025
LTV greater than 120% [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	93,322	55,217
LTV greater than 120% [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	71,782	101,808
No LTV/CLTV available [Member] | Total consumer [Member]
By LTV/CLTV:
Total loans	22,958	26,109
No LTV/CLTV available [Member] | Real estate 1-4 family first mortgage [Member]
By LTV/CLTV:
Total loans	21,199	23,588
No LTV/CLTV available [Member] | Real estate 1-4 family junior lien mortgage [Member]
By LTV/CLTV:
Total loans	$ 1,759	$ 2,521

Loans and Allowance for Credi28

Loans and Allowance for Credit Losses, Nonaccrual (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 228,276	$ 267,955
Total commercial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	2,378	1,706
Commercial and industrial [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	0	0
Secured by real estate [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	2,378	1,706
Total consumer [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	225,898	266,249
Real estate 1-4 family first mortgage [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	175,086	201,531
Real estate 1-4 family junior lien mortgage [Member]
Nonaccrual Loans [Abstract]
Nonaccrual loans	$ 50,812	$ 64,718

Loans and Allowance for Credi29

Loans and Allowance for Credit Losses, 90 Days Past Due but Still Accruing (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Total commercial [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	$ 975	$ 3,227
Commercial and industrial [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
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	6,102	13,079
Loans past due excluding Purchased Credit Impaired Loans [Member] | Total commercial [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	2,252
Loans past due excluding Purchased Credit Impaired Loans [Member] | Commercial and industrial [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	0
Loans past due excluding Purchased Credit Impaired Loans [Member] | Secured by real estate [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	0	2,252
Loans past due excluding Purchased Credit Impaired Loans [Member] | Total consumer [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	6,102	10,827
Loans past due excluding Purchased Credit Impaired Loans [Member] | Real estate 1-4 family first mortgage [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	3,633	8,365
Loans past due excluding Purchased Credit Impaired Loans [Member] | Real estate 1-4 family junior lien mortgage [Member]
90 Days Past Due and Still Accruing [Abstract]
90 days and more past due and still accruing	2,469	2,462
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	$ 2,300	$ 4,400

Loans and Allowance for Credi30

Loans and Allowance for Credit Losses, Impaired Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Impaired Loans [Abstract]
Unpaid principal balance	$ 552,433	$ 596,070
Impaired Loans, recorded investment	468,908	503,243
Impaired Loans with related allowance for credit losses, recorded investment	341,616	356,558
Related allowance for credit losses	75,720	74,458
Total commercial [Member]
Impaired Loans [Abstract]
Unpaid principal balance	3,711	4,097
Impaired Loans, recorded investment	3,285	3,378
Impaired Loans with related allowance for credit losses, recorded investment	3,285	3,378
Related allowance for credit losses	1,226	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	3,711	4,097
Impaired Loans, recorded investment	3,285	3,378
Impaired Loans with related allowance for credit losses, recorded investment	3,285	3,378
Related allowance for credit losses	1,226	783
Total consumer [Member]
Impaired Loans [Abstract]
Unpaid principal balance	548,722	591,973
Impaired Loans, recorded investment	465,623	499,865
Impaired Loans with related allowance for credit losses, recorded investment	338,331	353,180
Related allowance for credit losses	74,494	73,675
Real estate 1-4 family first mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	431,398	461,186
Impaired Loans, recorded investment	359,829	382,596
Impaired Loans with related allowance for credit losses, recorded investment	251,512	256,669
Related allowance for credit losses	50,365	44,077
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans [Abstract]
Unpaid principal balance	117,324	130,787
Impaired Loans, recorded investment	105,794	117,269
Impaired Loans with related allowance for credit losses, recorded investment	86,819	96,511
Related allowance for credit losses	24,129	29,598
Trial modifications [Member]
Impaired Loans [Abstract]
Impaired Loans, recorded investment	$ 12,900	$ 15,700

Loans and Allowance for Credi31

Loans and Allowance for Credit Losses, Impaired Loans, Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	$ 474,886	$ 519,842	$ 487,824	$ 522,679
Recognized interest income	8,118	8,872	24,115	25,227
Interest income:
Cash basis of accounting	2,511	3,381	7,443	8,580
Other	5,607	5,491	16,672	16,647
Total commercial [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	3,358	11,351	3,828	8,170
Recognized interest income	11	821	60	898
Commercial and industrial [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	0	0	0	0
Recognized interest income	0	0	0	0
Secured by real estate [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	3,358	11,351	3,828	8,170
Recognized interest income	11	821	60	898
Total consumer [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	471,528	508,491	483,996	514,509
Recognized interest income	8,107	8,051	24,055	24,329
Real estate 1-4 family first mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	363,593	388,609	372,254	392,712
Recognized interest income	5,867	5,681	17,120	17,183
Real estate 1-4 family junior lien mortgage [Member]
Impaired Loans, Average Recorded Investment [Abstract]
Average recorded investment	107,935	119,882	111,742	121,797
Recognized interest income	$ 2,240	$ 2,370	$ 6,935	$ 7,146

Loans and Allowance for Credi32

Loans and Allowance for Credit Losses, Troubled Debt Restructurings Modifications by Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Loans and Leases Receivable, Net Amount	$ 33,370,438		$ 33,370,438		$ 13,135,314
Impaired Financing Receivable, Recorded Investment	468,908		468,908		503,243
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	13,455	$ 16,901	37,388	$ 53,070
Financial effects of modifications
Charge-offs	$ 695	$ 1,037	$ 2,775	$ 3,139
Weighted average interest rate reduction	3.54%	3.85%	3.56%	3.73%
Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 2,106	$ 0	$ 3,954	$ 3,884
Financial effects of modifications
Charge-offs	$ 0	$ 0	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%	0.00%	0.00%
Commercial and industrial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0	$ 0	$ 0	$ 0
Financial effects of modifications
Charge-offs	$ 0	$ 0	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%	0.00%	0.00%
Secured by real estate [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 2,106	$ 0	$ 3,954	$ 3,884
Financial effects of modifications
Charge-offs	$ 0	$ 0	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%	0.00%	0.00%
Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 11,349	$ 16,901	$ 33,434	$ 49,186
Financial effects of modifications
Charge-offs	$ 695	$ 1,037	$ 2,775	$ 3,139
Weighted average interest rate reduction	3.54%	3.85%	3.56%	3.73%
Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 8,453	$ 14,132	$ 27,137	$ 38,619
Financial effects of modifications
Charge-offs	$ 258	$ 485	$ 1,297	$ 1,655
Weighted average interest rate reduction	3.48%	3.68%	3.48%	3.46%
Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,715	$ 3,119	$ 7,430	$ 8,933
Financial effects of modifications
Charge-offs	$ 437	$ 552	$ 1,478	$ 1,484
Weighted average interest rate reduction	3.88%	4.58%	3.82%	4.98%
Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,181	$ (350)	$ (1,133)	$ 1,634
Financial effects of modifications
Charge-offs	$ 0	$ 0	$ 0	$ 0
Weighted average interest rate reduction	0.00%	0.00%	0.00%	0.00%
Modification to principal [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 2,190	$ 4,292	$ 6,708	$ 9,197
Modification to principal [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modification to principal [Member] | Commercial and industrial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modification to principal [Member] | Secured by real estate [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modification to principal [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,190	4,292	6,708	9,197
Modification to principal [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,079	3,588	5,914	7,796
Modification to principal [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	111	704	794	1,401
Modification to principal [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Contractual Interest Rate Reduction [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	3,845	7,328	11,511	20,121
Contractual Interest Rate Reduction [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Contractual Interest Rate Reduction [Member] | Commercial and industrial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Contractual Interest Rate Reduction [Member] | Secured by real estate [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Contractual Interest Rate Reduction [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	3,845	7,328	11,511	20,121
Contractual Interest Rate Reduction [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	3,107	5,887	8,086	16,405
Contractual Interest Rate Reduction [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	738	1,441	3,425	3,716
Contractual Interest Rate Reduction [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modifications, other concessions [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	7,420	5,281	19,169	23,752
Modifications, other concessions [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,106	0	3,954	3,884
Modifications, other concessions [Member] | Commercial and industrial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modifications, other concessions [Member] | Secured by real estate [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,106	0	3,954	3,884
Modifications, other concessions [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,314	5,281	15,215	19,868
Modifications, other concessions [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	3,267	4,657	13,137	14,418
Modifications, other concessions [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	866	974	3,211	3,816
Modifications, other concessions [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,181	(350)	(1,133)	1,634
Modification of recorded investment related to interest rate reduction [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,958	10,914	16,810	27,214
Modification of recorded investment related to interest rate reduction [Member] | Total commercial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modification of recorded investment related to interest rate reduction [Member] | Commercial and industrial [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0
Modification of recorded investment related to interest rate reduction [Member] | Secured by real estate [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Modification of recorded investment related to interest rate reduction [Member] | Total consumer [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,958	10,914	16,810	27,214
Modification of recorded investment related to interest rate reduction [Member] | Real estate 1-4 family first mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	5,110	8,825	12,798	22,467
Modification of recorded investment related to interest rate reduction [Member] | Real estate 1-4 family junior lien mortgage [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	848	2,089	4,012	4,747
Modification of recorded investment related to interest rate reduction [Member] | Trial modifications [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	0	0	0	0
Proprietary Program [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	5,900		5,900		7,600
Second Lien Modification Program [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	774		774		663
Home Affordable Modification Program [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	6,200		6,200		7,400
Troubled debt restructuring balance [Member]
Financing Receivable, Modifications [Line Items]
Loans and Leases Receivable, Net Amount	468,900		468,900		502,400
Loans remodified [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	2,700	5,200	6,900	13,200
Principal Forgiveness [Member]
Primary modification type
Financing Receivable, Modifications, Post-Modification Recorded Investment	290	$ 1,100	1,000	$ 2,300
Trial modifications [Member] | Financing Receivable Accruing [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	4,900		4,900		5,800
Trial modifications [Member] | Financing Receivable Nonaccruing [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 8,000		$ 8,000		$ 9,900

Loans and Allowance for Credi33

Loans and Allowance for Credit Losses, Troubled Debt Restructurings, Current Defaults (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 1,408	$ 2,180	$ 3,451	$ 5,078
Total commercial [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	0	0	807	0
Commercial and industrial [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	0	0	0	0
Secured by real estate [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	0	0	807	0
Total consumer [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	1,408	2,180	2,644	5,078
Real estate 1-4 family first mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	835	1,797	1,759	4,264
Real estate 1-4 family junior lien mortgage [Member]
Financing Receivable, Modifications [Line Items]
Recorded investment of defaults	$ 573	$ 383	$ 885	$ 814

Fair Value, Estimates for Finan

Fair Value, Estimates for Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 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	$ 0	$ 0
Loans, net	33,370,438	13,135,314
Carrying amount [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	33,370,438	13,135,314
Financial liabilities
Line of credit with Bank	1,369,954	828,149
Estimated fair value [Member]
Financial assets
Cash and cash equivalents	0	0
Loans, net	34,842,564	13,892,807
Financial liabilities
Line of credit with Bank	1,369,954	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	34,842,564	13,892,807
Financial liabilities
Line of credit with Bank	$ 1,369,954	$ 828,149

Common and Preferred Stock (Det

Common and Preferred Stock (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	21,200,000
Shares authorized	111,001,000	111,001,000		111,001,000
Shares, Issued	45,058,695	45,058,695		23,900,667
Shares, Outstanding	45,058,695	45,058,695		23,900,667
Carrying value	$ 450,587	$ 450,587		$ 239,007
Common stock
Shares authorized	100,000,000	100,000,000		100,000,000
Common Stock, Shares, Issued	34,058,028	34,058,028		12,900,000
Par value (in dollars per share)	$ 0.01	$ 0.01		$ 0.01
Carrying value	$ 340,580	$ 340,580		$ 129,000
Common Stock, Shares, Outstanding	34,058,028	34,058,028		12,900,000
Proceeds from common stock issuance	$ 20,000,050,000	$ 20,000,050,000	$ 0
Sale of Stock, Percentage of Ownership after Transaction	100.00%
Series A Preferred Stock [Member]
Preferred stock:
Dividend rate, percentage		6.375%		6.375%
Liquidation preference per share (in dollars per share)	$ 25	$ 25		$ 25
Shares authorized	11,000,000	11,000,000		11,000,000
Preferred Stock, Shares Issued	11,000,000	11,000,000		11,000,000
Shares outstanding	11,000,000	11,000,000		11,000,000
Par value per share (in dollars per share)	$ 0.01	$ 0.01		$ 0.01
Carrying value	$ 110,000	$ 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		$ 1,000
Shares authorized	1,000	1,000		1,000
Preferred Stock, Shares Issued	667	667		667
Shares outstanding	667	667		667
Par value per share (in dollars per share)	$ 0.01	$ 0.01		$ 0.01
Carrying value	$ 7	$ 7		$ 7

Transactions with Related Par36

Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Interest income:
Net accretion of adjustments on loans			$ (42,538)	$ (62,904)
Total interest income	$ 224,690	$ 171,567	554,364	506,412
Pledge fees	8,715	1,538	16,457	1,856
Interest expense	1,272	377	2,029	644
Loan servicing costs	13,309	9,080	30,855	26,622
Management fees	4,441	2,871	11,843	8,328
Balance sheet related data
Loan acquisitions (year-to-date)	21,025,219	794,475	23,339,146	2,495,142
Proceeds from common stock issuance	20,000,050		20,000,050	0
Loan sales (year-to-date)	(198,549)	(3,457)	(203,762)	(9,991)
Line of credit with Bank	1,369,954		1,369,954		$ 828,149
Accounts receivable - affiliates, net	302,171		302,171		70,982
Related Party [Member]
Related Party Transaction [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	22,400,000		22,400,000		6,100,000
Interest income:
Net accretion of adjustments on loans	4,694	20,926	42,538	62,904
Interest on deposits	4,064	0	4,303	304
Total interest income	8,758	20,926	46,841	63,208
Pledge fees	8,715	1,538	16,457	1,856
Interest expense	1,272	377	2,029	644
Loan servicing costs	13,308	9,074	30,848	26,598
Management fees	4,441	$ 2,871	11,843	$ 8,328
Balance sheet related data
Loan acquisitions (year-to-date)			23,339,146		3,303,296
Proceeds from common stock issuance					0
Loan sales (year-to-date)			(203,762)		(11,751)
Pledged loans (carrying value)	21,484,462		21,484,462		5,760,284
Foreclosed asset sales (year-to-date)			(8,493)		(11,137)
Line of credit with Bank	1,369,954		1,369,954		828,149
Accounts receivable - affiliates, net	$ 302,171		$ 302,171		$ 70,982
Pledged Loans, Collateral Threshold, Percentage Of Total Assets			80.00%
Pledged loan annual basis point rate applied to UPB	0.28%	0.11%	0.28%	0.11%
Revolving Credit Facility [Member] | Related Party [Member]
Balance sheet related data
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,200,000		$ 2,200,000
Federal Funds Effective Swap Rate [Member] | Revolving Credit Facility [Member] | Related Party [Member]
Balance sheet related data
Debt Instrument, Basis Spread on Variable Rate			0.125%